Relationships Australia (NSW) Limited
Financial Statements
For the Year Ended 30 June 2025
Relationships Australia (NSW) Limited
Directors' Report
30 June 2025
The Directors present their report, together with the financial statements, on the consolidated entity (referred to hereafter as the 'Group') consisting of Relationships Australia (NSW) Limited (referred to hereafter as the 'Company' or 'parent entity') and the entity it controlled at the end of, or during, the year ended 30 June 2025.
Directors
The following persons were Directors of Relationships Australia (NSW) Limited during the whole of the financial year and up to the date of this report, unless otherwise stated:
NamesPositionAppointed/Resigned
Stephen Hollings (Chair)
Kathryn Greiner (Deputy Chair)
Cameron O’Reilly
Katie Moore
Sanjay Sridher
Liz Forsyth
Simone Carton Appointed November 2024
Andrea Christie-David Resigned November 2024
Principal activities
The principal activities of the Group are to provide counselling, family mediation, relationship education workshops, professional training and support, and other tailored relationship support services across NSW.
No significant change in the nature of these activities occurred during the year.
Purpose and objectives
The Group's purpose is to help people live happier, healthier lives through the power of relationships.
For 75 years the Group has worked with people, couples, families, workplaces and communities to help them make positive choices about their relationships and life situations, strengthen bonds, and manage conflict and change.
Relationships have the power to transform our lives. By offering services that inform, educate and empower, the Group seeks to spotlight the value of relationships – and support people to give them the time, energy and respect they need to grow and thrive.
Strategy for achieving the objectives
The 2022/2025 Strategic Plan articulates the following four strategic goals:
Strategic goal 1 – Growth and Innovation
We deliver high social value to funders and investors (credible, proactive policy partner, data insights, impactful, value for money).
Strategic goal 2 – Customer Impact
Relationships
Australia (NSW) Limited
Directors' Report
30 June 2025
Strategy for achieving the objectives (cont'd)
Our customers trust us to guide them when their relationships are impacting their well-being whatever their context or life stage. Using industry leading data and actionable insights, we develop and refine services to meet identified customer needs.
Strategic goal 3 – Connected People
Our engaged workforce reflects the diverse customers we are here to serve, able to flex and scale quickly in response to community and funder need.
Strategic goal 4 – Business Enablement
We are a contemporary, entrepreneurial organisation with modern, efficient operating models that service client needs and outcomes.
Performance measures
Relationships Australia (NSW) Limited continues to demonstrate full compliance with the accreditation standards for the Commonwealth Family Support Program. Industry accreditation standards, which cover a range of governance factors, including clinical governance, are also used to assess and ensure the quality of service provision and to monitor performance regarding HR/employment issues for the Group.
The Board and Management monitor compliance with accreditation requirements, financial performance and service activity levels ensuring that the level of contracted service delivery is achieved within budget and in accordance with service contracts and legal requirements.
Client feedback (on process and outcomes of services) and program evaluation data are used to inform the management of teams and individual staff. A range of effectiveness and efficiency key performance indicators relevant to each program is also monitored. This information, in addition to special research projects, informs the review and improvement of service design.
Directors' Report
30 June 2025
Information on Directors
Stephen HollingsNon-Executive Director since January 2018 and Chair since November 2022.
QualificationsBA (Hons), PhD, FAICD
ExperienceStephen has over three decades of experience as a Chair and NonExecutive Director across commercial organisations, not for profit companies and industry associations. His Board and senior executive experience spans the publishing, technology, health, education and employment sectors.
He is also a Director of the Woolcock Institute of Medical Research and is Chair of Global Access Partners' National Standing Committee on Energy, the Environment and Agriculture. He is a member of the Sydney Institute, Heart Research Institute and Bolton Clarke.
As a CEO and senior executive, he has had extensive experience in highly competitive, customer-driven industries as well as in the “for purpose” sector. He has successfully led businesses through periods of growth and development as well as through times of unprecedented change created by economic turbulence, industry restructuring and disruptive technology.
He is known for providing a strong focus on and a personal commitment to the development of emerging leaders, providing organisations with a robust talent pipeline.
Stephen is also Chair of the National Council of Relationships Australia.
Special responsibilitiesMember of the Finance, Audit and Risk Committee
Andrea Christie-DavidNon-Executive Director
Kathryn GreinerNon-Executive Director and Deputy Chair
QualificationsBachelor of Social Work (UNSW), Certificate in Early Childhood, Doctor of Letters (UNSW), AO, MAICD
ExperienceKathryn has been a member of the Board of Directors since January 2018 and Deputy Chair since December 2023.
Kathryn has contributed in a wide range of leadership positions in public and private companies, government bodies and non-profit organisations. She is a Director of Paul Ramsay Foundation, Menzies Foundation, ANAM, and Contact Inc. She is also the Chair of Lifestart Co-operative Ltd. She was a Councillor of City of Sydney (19952004), participated in the Gonski Review on Education and led Reviews into sectoral education, and Retirement Villages in New South Wales.
Special responsibilitiesMember of the Governance, Remuneration and Nominations Committee
Directors' Report
30 June 2025
Information on Directors
(cont'd)
Cameron O’ReillyNon-Executive Director
QualificationsBEc (Hons), MPPM, GAICD
ExperienceCameron has been a member of the Board of Directors since January 2018.
Cameron O’Reilly is the Chair of the NSW Energy Security Corporation (ESC). Previously he held a number of senior executive roles including Executive Director and Principal Energy Advisor in the NSW Department of Planning, Industry & Environment, Chief Executive of the Aged Care Guild, and Chief Executive of the Energy Retailers Association of Australia.
Cameron holds a Bachelor of Economics from Sydney University and a Master of Management and Public Policy from Monash University. He is a graduate of the Institute of Company Directors and in 2008 was awarded a Fulbright Professional Scholarship in Australia-US Alliance studies.
Aside from being a director of Relationships Australia NSW, Cameron previously served as a Non-Executive Director of Aurora Energy, Mojo Power, TUSMA – the Federal Government’s Telecommunications Universal Service Management Agency - and the Australian fundraising arm of the United Nations Refugee Agency Australia for UNHCR.
Special responsibilitiesMember of the Governance, Remuneration and Nominations Committee.
Katie MooreNon-Executive Director
QualificationsBBus (International Tourism Management), MBA, GAICD
ExperienceKatie has been a member of the Board since June 2021.
Katie is passionate about creating meaningful, lasting change with a strong belief that local communities hold a unique role in determining social, economic and environmental justice.
She is currently Centre Lead, Djurali Centre for Aboriginal and Torres Strait Islander Health Research and Education at the Heart Research Institute where she holds senior executive responsibilities. Her management career, primarily across the service industries, has spanned corporate, government, not for profit and higher education environments,
In addition to serving as a Non-Executive Director at Relationships Australia NSW, Katie is a board member of the Aboriginal Housing Office and volunteers in local community sport governance.
A strong advocate for lifelong education and continual development, Katie became the first Indigenous graduate of University of Sydney’s MBA Program where she received the 2022 Graduate Medal for Postgraduate Leadership after receiving the 2017 UN Women National Committee MBA scholarship.
Katie is a proud Wiradyuri woman with family connections to Central NSW while having lived mostly on Darug country in Western Sydney.
Special responsibilitiesMember of the Finance, Audit and Risk Committee.
Directors' Report
30 June 2025
Information on Directors (cont'd)
Sanjay SridherNon-Executive Director
QualificationsMBA,
GAICD
ExperienceSanjay has been a member of the Board of Directors since February 2022.
He has had a varied career, in Australia and the UK, primarily focused on working with the Public Service to design and deliver complex service programs. He currently is the CEO of the enablesGROUP, an Advisory and Managed Services business. Previously he has been Managing Director at Alvarez & Marsal and partner at EY. . His last role with the government was at the NSW Department of Planning, Industry and Environment where he led a portfolio of high profile policy development initiatives and statewide delivery programs to promote a circular economy and effective resource recovery.
Complementing these experiences, he has also worked at senior levels in the private sector, focused on driving business growth through market expansion and strategic mergers and acquisitions.
Sanjay has a Masters of Business Administration from University of Technology, Sydney and was a member of its Industry Advisory Board for over four years. In 2013 he was awarded the UTS Alumni of the Year award for the Faculty of Engineering and IT.
Special responsibilitiesChair of the Finance, Audit and Risk Committee.
Directors' Report
30 June 2025
Information on Directors (cont'd)
Liz ForsythNon-Executive Director
QualificationsBSW, MAICD
ExperienceLiz has been a member of the Board of Directors since February 2023.
Liz is currently the Global Lead for ForsythClement a global advisory firm specialising in government and the social services sector. Previously Liz led APM’s Aged Care and Disability Services business and its Strategic Growth function. Prior to that Liz was the Global Industry Lead for Infrastructure, Government and Healthcare, the Global Head of Government and Global Lead for Human and Social in KPMG. She was also the Deputy Chairperson of KPMG Australia until June 2017.
Liz’s driving passion when working is health and social policy reform. She has a long history focusing on issues related to disadvantage, disability and vulnerability, covering the many and varied aspects of the health, human services and aged care. Her professional career has concentrated in this arena, and she has worked in Australia and a range of countries (including the United Kingdom, Canada, United States, India, Kingdom of Saudi Arabia, New Zealand) and at a global level (e.g. with the United Nations and World Bank). She has worked as a Social Worker, Service Manager, Policy and Program Director and Executive in Government.
Liz has been at the forefront of many major social policy reforms across Australia, including reforms in child protection, disability services, domestic and family violence, social housing and aged care. Liz is a Board member at Bridge Housing – a social housing provider in NSW; Chair of Bridge Places Sydney Limited; Chair of Amicis - a community based aged care provider; a Board member of Stride Mental Health Services and a Steering Committee member of the Global Social Service Workforce Alliance.
Special responsibilitiesChair of the Governance, Remuneration & Nominations Committee.
Simone CartonNon-Executive Director
QualificationsBCom LLB GDLP FGIA GAICD
ExperienceSimone has been a member of the Board of Directors since November 2024.
Simone is an experienced chief executive officer, lawyer and nonexecutive director. She has worked across the private, government and non-profit sectors in diverse industries including legal, health, media, banking and the arts. She currently serves as a board member of the Tax Practitioners Board and non-executive director of Asthma Australia. Simone's board experience is complemented by governance qualifications from the Australian Institute of Company Directors and Governance Institute of Australia
Special responsibilitiesMember of the Finance, Audit and Risk Committee
Directors' Report
30 June 2025
Company secretary
The following persons held the position of Company secretary at the end of the financial year:
Elisabeth Shaw (BA (Hons); M.Mgt. (Comm.); MProf Ethics; MCFT; GAICD; FAPS (FCCLP; FCCOUNP))
Elisabeth was appointed as company secretary to the Board and all Board Committees in June 2018. Elisabeth is also the Chief Executive Officer.
Kathryn Berenschot (BBus (Acc); CA)
Kathryn was appointed as Company Secretary to the Board and all Board Committees in May 2025. Kathryn is also the Chief Financial Officer.
Contributions on winding up
In the event of the Company being wound up, ordinary members are required to contribute a maximum of $20 each. As at 30 June 2025, the number of member was 8 (2024: 8).
Meetings of directors
During the financial year, 7 meetings of directors (including committees of directors) were held. Attendances by each director during the year were as follows:
Indemnification and insurance of officers and auditors
The Group has agreed to indemnify their auditors, to the extent permitted by law, against any claim by a third party arising from the Company’s breach of their agreement. The indemnity stipulates that the Group will meet the full amount of any such liabilities including a reasonable amount of legal costs. During the year, the Company has not paid a premium in respect of a contract to insure the auditor of the Group or any related entity.
Directors' Report
30 June 2025
Auditor's independence declaration
The lead auditor's independence declaration in accordance with Subdivision 60C of the Australian Charities and Not-for-profits Commission Act 2012, for the year ended 30 June 2025 has been received and can be found on page 9 of the financial report.
Signed in accordance with a resolution of the Board of Directors:
Director: ...............................................................
Stephen Hollings
Dated:
PKF(NS)
755
Level
Newcastle
Sydney
info@pkf.com.au www.pkf.com.au
Consolidated
Statement of Profit or Loss and Other Comprehensive Income
For the Year Ended 30 June 2025
Consolidated Statement of Financial Position
As At 30 June 2025
Consolidated Statement of Changes in Equity
For the Year Ended 30 June 2025
Consolidated Statement of Cash Flows
For the Year Ended 30 June 2025
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
The financial report covers Relationships Australia (NSW) Limited and its controlled entities ('the Group'). Relationships Australia (NSW) Limited is a not-for-profit Company limited by guarantee, incorporated and domiciled in Australia.
The consolidated financial statements are presented in Australian dollars which is the parent entity’s functional and presentation currency.
The financial report was authorised for issue by the Directors on 30 October 2025.
Comparatives are consistent with prior years, unless otherwise stated.
The Group is an entity to which ASIC Corporations (Rounding in Financial/Directors' Reports) Instrument 2016/191 applies and, accordingly amounts in the financial statements and Directors' Report have been rounded to the nearest thousand dollars, or in certain cases, the nearest dollar.
1Basis of Preparation
The financial statements are general purpose financial statements that have been prepared in accordance with the Australian Accounting Standards - Simplified Disclosures and the Australian Charities and Not-for-profits Commission Act 2012, as appropriate for not-for profit oriented entities.
The financial statements have been prepared on an accruals basis and are based on historical costs modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities.
Material accounting policy information relating to the preparation of these financial statements are presented below, and are consistent with prior reporting periods unless otherwise stated.
2Material Accounting Policy Information
(a)Principles of consolidation
The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of Relationships Australia (NSW) Limited ('Company' or 'parent entity') as at 30 June 2025 and the results of all subsidiaries for the year then ended. Relationships Australia (NSW) Limited and its subsidiaries together are referred to in these financial statements as the 'Group'.
Subsidiaries are all those entities over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are de-consolidated from the date that control ceases.
Intercompany transactions, balances and unrealised gains on transactions between entities in the Group are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.
The acquisition of subsidiaries is accounted for using the acquisition method of accounting. A change in ownership interest, without the loss of control, is accounted for as an equity transaction, where the difference between the consideration transferred and the book value of the share of the non-controlling interest acquired is recognised directly in equity attributable to the parent.
Where the Group loses control over a subsidiary, it derecognises the assets including goodwill, liabilities and non-controlling interest in the subsidiary together with any cumulative translation differences recognised in equity. The Group recognises the fair value of the consideration received and the fair value of any investment retained together with any gain or loss in profit or loss.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
2Material Accounting Policy Information (cont'd)
(b)Revenue and other income
The revenue recognition policies for the principal revenue streams of the Group are:
Grant income
Grant income is recognised at the point in time when the monies are received, and obligations have been met in relation to the grant program. Funds received in advance of obligations are deferred and recognised over time as income as the related expenses are incurred and obligations are met.
Fees and education revenue
Fees received from rendering of education, training and other services is recognised upon delivery of the services to the customers.
Investment income
Investment income is recognised when it is received or when the right to receive payment is established.
Other revenue
Other revenue is recognised when it is received or when the right to receive payment is established.
Finance income
Finance income is recognised as interest accrues using the effective interest method. This is a method of calculating the amortised cost of a financial asset and allocating the interest income over the relevant period using the effective interest rate, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the net carrying amount of the financial asset.
(c)Income tax
As the Group is a tax exempt institution in terms of subsection 50-10 of the Income Tax Assessment Act 1997, as amended, it is exempt from paying income tax.
(d)Cash and cash equivalents
Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other shortterm, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
(e)Trade and other receivables
Trade receivables are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less any allowance for expected credit losses. Trade receivables are generally due for settlement within 30 days.
The Group has applied the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance. To measure the expected credit losses, trade receivables have been grouped based on days overdue.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
2Material Accounting Policy Information (cont'd)
(f)Investments and other financial assets
Investments and other financial assets are initially measured at fair value. Transaction costs are included as part of the initial measurement, except for financial assets at fair value through profit or loss. Such assets are subsequently measured at either amortised cost or fair value depending on their classification. Classification is determined based on both the business model within which such assets are held and the contractual cash flow characteristics of the financial asset unless an accounting mismatch is being avoided.
Financial assets are derecognised when the rights to receive cash flows have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership. When there is no reasonable expectation of recovering part or all of a financial asset, its carrying value is written off.
Financial assets at amortised cost
A financial asset is measured at amortised cost only if both of the following conditions are met: (i) it is held within a business model whose objective is to hold assets in order to collect contractual cash flows; and (ii) the contractual terms of the financial asset represent contractual cash flows that are solely payments of principal and interest.
Impairment of financial assets
The Group recognises a loss allowance for expected credit losses on financial assets which are either measured at amortised cost or fair value through other comprehensive income. The measurement of the loss allowance depends upon the Group's assessment at the end of each reporting period as to whether the financial instrument's credit risk has increased significantly since initial recognition, based on reasonable and supportable information that is available, without undue cost or effort to obtain.
Where there has not been a significant increase in exposure to credit risk since initial recognition, a 12-month expected credit loss allowance is estimated. This represents a portion of the asset's lifetime expected credit losses that is attributable to a default event that is possible within the next 12 months. Where a financial asset has become credit impaired or where it is determined that credit risk has increased significantly, the loss allowance is based on the asset's lifetime expected credit losses. The amount of expected credit loss recognised is measured on the basis of the probability weighted present value of anticipated cash shortfalls over the life of the instrument discounted at the original effective interest rate.
For financial assets mandatory measured at fair value through other comprehensive income, the loss allowance is recognised in other comprehensive income with a corresponding expense through profit or loss. In all other cases, the loss allowance reduces the asset's carrying value with a corresponding expense through profit or loss.
(g)Property, plant and equipment
Land and buildings are shown at fair value, based on periodic, at least every 3 years, valuations by external independent valuers, less subsequent depreciation and impairment for buildings. The valuations are undertaken more frequently if there is a material change in the fair value relative to the carrying amount. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Increases in the carrying amounts arising on revaluation of land and buildings are credited in other comprehensive income through to the revaluation surplus reserve in equity. Any revaluation decrements are initially taken in other comprehensive income through to the revaluation surplus reserve to the extent of any previous revaluation surplus of the same asset. Thereafter the decrements are taken to profit or loss.
Plant and equipment is stated at historical cost less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of the items.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
2Material Accounting Policy Information (cont'd)
(g)Property, plant and equipment (cont'd)
Depreciation
Depreciation is calculated on a straight-line basis to write off the net cost of each item of property, plant and equipment (excluding land) over their expected useful lives as follows:
Leased assets and leasehold improvements are amortised over the shorter of either the unexpired period of the lease or their estimated useful life.
Fixed asset class Useful life
Buildings
Leasehold improvements
The residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each reporting date.
Leasehold improvements are depreciated over the unexpired period of the lease or the estimated useful life of the assets, whichever is shorter.
An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the Group. Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss. Any revaluation surplus reserve relating to the item disposed of is transferred directly to retained profits.
(h)Trade and other payables
Trade and other payables represent liabilities for goods and services provided to the Group prior to the end of the financial year and which are unpaid. Due to their short-term nature they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.
(i)Leases
Right-of-use asset
A right-of-use asset is recognised at the commencement date of a lease. The right-of-use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencement date net of any lease incentives received, any initial direct costs incurred, and, except where included in the cost of inventories, an estimate of costs expected to be incurred for dismantling and removing the underlying asset, and restoring the site or asset.
Right-of-use assets are depreciated on a straight-line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the Group expects to obtain ownership of the leased asset at the end of the lease term, the depreciation is over its estimated useful life. Right-of use assets are subject to impairment or adjusted for any remeasurement of lease liabilities.
The Group has elected not to recognise a right-of-use asset and corresponding lease liability for short-term leases with terms of 12 months or less and leases of low-value assets. Lease payments on these assets are expensed to profit or loss as incurred.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
2Material Accounting Policy Information (cont'd)
(i)Leases (cont'd)
Lease liability
A lease liability is recognised at the commencement date of a lease. The lease liability is initially recognised at the present value of the lease payments to be made over the term of the lease, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group's incremental borrowing rate. Lease payments comprise of fixed payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, amounts expected to be paid under residual value guarantees, exercise price of a purchase option when the exercise of the option is reasonably certain to occur, and any anticipated termination penalties. The variable lease payments that do not depend on an index or a rate are expensed in the period in which they are incurred.
Lease liabilities are measured at amortised cost using the effective interest method. The carrying amounts are remeasured if there is a change in the following: future lease payments arising from a change in an index or a rate used; residual guarantee; lease term; certainty of a purchase option and termination penalties. When a lease liability is remeasured, an adjustment is made to the corresponding right-of use asset, or to profit or loss if the carrying amount of the right-of-use asset is fully written down.
(j)Impairment of non-financial assets
At the end of each reporting period the Group determines whether there is evidence of an impairment indicator for non-financial assets.
Where an indicator exists and regardless for goodwill, indefinite life intangible assets and intangible assets not yet available for use, the recoverable amount of the asset is estimated.
(k)Provisions
Provisions are recognised when the Group has a present (legal or constructive) obligation as a result of a past event, it is probable the Group will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. If the time value of money is material, provisions are discounted using a current pretax rate specific to the liability. The increase in the provision resulting from the passage of time is recognised as a finance cost.
(l)Employee benefits
Short-term employee benefits
Liabilities for wages and salaries, including non-monetary benefits, annual leave and long service leave expected to be settled wholly within 12 months of the reporting date are measured at the amounts expected to be paid when the liabilities are settled.
Other long-term employee benefits
The liability for annual leave and long service leave not expected to be settled within 12 months of the reporting date are measured at the present value of expected future payments to be made in respect of services provided by employees up to the reporting date. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the reporting date on national government bonds with terms to maturity and currency that match, as closely as possible, the estimated future cash outflows.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
2Material Accounting Policy Information (cont'd)
(l)Employee benefits (cont'd)
Defined contribution superannuation expense
Contributions to defined contribution superannuation plans are expensed in the period in which they are incurred.
(m)Fair value measurement
When an asset or liability, financial or non-financial, is measured at fair value for recognition or disclosure purposes, the fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; and assumes that the transaction will take place either: in the principal market; or in the absence of a principal market, in the most advantageous market.
Fair value is measured using the assumptions that market participants would use when pricing the asset or liability, assuming they act in their economic best interests. For non-financial assets, the fair value measurement is based on its highest and best use. Valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, are used, maximising the use of relevant observable inputs and minimising the use of unobservable inputs.
(n)Goods and services tax (GST)
Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the tax authority. In this case it is recognised as part of the cost of the acquisition of the asset or as part of the expense.
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the tax authority is included in other receivables or other payables in the statement of financial position.
Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the tax authority, are presented as operating cash flows.
Commitments and contingencies are disclosed net of the amount of GST recoverable from, or payable to, the tax authority.
(o)New or amended accounting standards and interpretations adopted
The Group has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board ('AASB') that are mandatory for the current reporting period. The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the Group.
Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
3Critical Accounting Estimates and Judgments
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. There are no critical accounting judgements, estimates and assumptions that are likely to affect the current or future financial years.
Key estimates - impairment of property, plant and equipment
The Group assesses impairment at the end of each reporting period by evaluating conditions specific to the Group that may be indicative of impairment triggers. Recoverable amounts of relevant assets are reassessed using value-in-use calculations which incorporate various key assumptions.
Key estimates - property held at fair value
An independent valuation of property (land and buildings) carried at fair value was obtained on 15 July 2025. The directors have reviewed this valuation and updated it based on valuation indexes for the area in which the property is located. The valuation is an estimation which would only be realised if the property is sold.
Note 10 provides information on inputs and techniques to determine valuation.
Key estimates - receivables
The receivables at reporting date have been reviewed to determine whether there is any objective evidence that any of the receivables are impaired. An impairment provision is included for any receivable where the entire balance is not considered collectible. The impairment provision is based on the best information at the reporting date.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
4Revenue
Disaggregation of revenue from contracts with customers
The disaggregation of revenue from contracts with customers is as follows:
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
4Revenue (cont'd)
5Expenses
Surplus/(deficit) includes
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
6Cash and Cash Equivalents
7Trade and Other Receivables
Trade debtors are shown net of impairment losses of $200,000 (2024: $165,884). The amounts written off for the year ended 30 June 2025 were $nil (2024: $nil).
8Financial Assets at amortised cost
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
10Property, Plant and Equipment
(a)Movements in carrying amounts
Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year:
The basis of the valuation of land and buildings is fair value. The land and buildings were revalued on 30 June 2025 based on independent assessments by Preston Rowe Paterson Newcastle and Central Coast Pty Ltd, [a member of the Australian Property Institute] having recent experience in the location and category of land and buildings being valued. Valuations are based on current prices for similar properties in the same location and condition.
Market value is determined by estimating the rental value of the property, which has then been capitalised at an appropriate rate of return. The resulting value for the property was then checked against the sales evidence for a range of commercial and retail premises in comparable locations.
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
11Leases
assets
ended 30 June 2025
Additions to the right-of-use assets during the year were $nil and the remeasurement and disposals total $116,000 and depreciation charged to profit or loss was $2,285,000.
The Group leases land and buildings for its offices under agreements of between 1 to 5 years with, in some cases, options to extend. The leases have various escalation clauses. On renewal, the terms of the leases are renegotiated.
The Group leases office equipment under agreements of less than 1 year. These leases are either short-term or lowvalue, so have been expensed as incurred and not capitalised as right-of-use assets.
Lease liabilities
The maturity analysis of lease liabilities based on contractual undiscounted cash flows is shown in the table below:
Lease
included in this Consolidated Statement Of Financial Position
12Trade and Other Payables
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
16Reserves
Revaluation surplus reserve
The reserve is used to recognise increments and decrements in the fair value of land and buildings, excluding investment properties.
17Auditors' Remuneration
18Contingencies
The Group has given bank guarantees as at 30 June 2025 of $746,657 (2024: $813,000) to various landlords.
19Key Management Personnel Disclosures
The remuneration paid to key management personnel of the Company and the Group is $1,941,424 (2024: $1,853,406).
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
20Related Parties
Parent entity
Relationships Australia (NSW) Limited is the parent entity.
Subsidiaries
Interests in subsidiaries are set out in note 20.
Key management personnel
Disclosures relating to key management personnel are set out in note 19.
There were no transactions with related parties during the current and previous financial year.
Receivable from and payable to related parties
There were no trade receivables from or trade payables to related parties at the current and previous reporting date.
Loans to/from related parties
There were no loans to or from related parties at the current and previous reporting date.
21Economic Dependency
The Group is reliant on the ongoing receipt of financial assistance from the Australian government to continue delivering its programs.
During the year ended 30 June 2025, the Group received funding in excess of $40 million (2024: $39 million) from various government sources including Australian Government Department of Social Services; Attorney-General's Department; NSW Department of Communities and Justice, Legal Aid NSW and Primary Health Networks.
22Interests in Subsidiaries
Composition of the Group
Subsidiaries:
Notes to the Consolidated Financial Statements
For the Year Ended 30 June 2025
23Parent Entity
The following information has been extracted from the books and records of the parent, Relationships Australia (NSW) Limited and has been prepared in accordance with Accounting Standards.
The financial information for the parent entity, Relationships Australia (NSW) Limited has been prepared on the same basis as the financial statements except as disclosed below.
Investments in subsidiaries
Investments in subsidiaries are accounted for at cost in the financial statements of the parent entity.
24Events After the End of the Reporting Period
The financial report was authorised for issue on 30 October 2025 by the Board of Directors.
No matters or circumstances have arisen since the end of the financialyear which significantly affected or may significantly affect the operations of the Group, the results of those operations or the state of affairs of the Group in future financial years.
25Statutory Information
The registered office and principal place of business of the company is: Relationships Australia (NSW) Limited Suite 102, Level 1 68 - 72 Waterloo Road, Macquarie Park NSW 2113
Directors' Declaration
The directors of the Company declare that:
1.The financial statements and notes, as set out on pages 10 to 29, are in accordance with the Australian Charities and Not-for-profits Commission Act 2012 and:
a.comply with Australian Accounting Standards - Simplified Disclosure Standard; and
b.give a true and fair view of the financial position as at 30 June 2025 and of the performance for the year ended on that date of the Company and consolidated group.
2.In the directors' opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the Board of Directors.
Dated:
PKF(NS) Audit & Assurance Limited Partnership
ABN 91 850 861 839
755 Hunter Street, Newcastle West NSW 2302
Level 8, 1 O’Connell Street, Sydney NSW 2000
Newcastle T: +61 2 4962 2688 F: +61 2 4962 3245
Sydney T: +61 2 8346 6000 F: +61 2 8346 6099 info@pkf.com.au www.pkf.com.au
ivision 60C of the Australian Charities and Not-for-profits Commission Act 2012
ivision 60 of the Australian Charities and Not-for-profits Commission Regulation 2013
Auditor’s Responsibilities for the Audit of the Financial Report Australian Charities and Not-for-profits Commission Act 2012
Code of Ethics for Professional Accountants
PKF(NS) Audit & Assurance Limited Partnership is a member of PKF Global, the network of member firms of PKF International Limited, each of which is a separately owned legal entity and does not accept any responsibility or liability for the actions or inactions of any individual member or correspondent firm(s). Liability limited by a scheme approved under Professional Standards Legislation.
Australian Charities and Not-for-profits Commission Act 2012