Relationships Australia NSW Financial Report | 2022-2023

RELATIONSHIPS AUSTRALIA (NSW) LIMITED

ANNUAL FINANCIAL REPORT 2023 For the year ended 30 June 2023

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Relationships Australia (NSW) Limited Contents 30 June 2023 Directors' report Auditor's independence declaration Consolidated statement of profit or loss and other comprehensive income Consolidated statement of financial position Consolidated statement of changes in equity Consolidated statement of cash flows Notes to the consolidated financial statements Directors' declaration Independent auditor's report to the members of Relationships Australia (NSW) Limited

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3 9 10 11 12 13 14 30 31

Relationships Australia (NSW) Limited Directors' report 30 June 2023 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 2023.

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: Stephen Hollings - Chair appointed 18 November 2022 Steve Rust Andrea Christie-David Kathryn Greiner Cameron O’Reilly Katie Moore Sanjay Sridher Liz Forsyth, appointed 17 February 2023 Christopher Bertinshaw - Chair resigned 18 November 2022 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. There were no significant changes in the nature of the activities by the Group during the year.

Purpose and objectives The Group's purpose is reshaping lives together: connecting people and communities.

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 2023‐2025 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 Our customers trust us to guide them when their relationships are impacting their wellbeing 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 diverse workforce is able to flex and scale quickly in response to community and funder need. We are the ‘go to’ trainer, career and capacity building leader in our sector. Our staff are our ambassadors for our success.

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.

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Relationships Australia (NSW) Limited Directors' report 30 June 2023 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.

Information on Directors Name: Title: Qualifications: Experience and expertise:

Stephen Hollings Non-Executive Director since January 2018 and Chair since November 2022 Qualifications: BA (Hons), PhD, FAICD Stephen has over three decades of experience as a Chair and Non-Executive 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 also acts as a Board Advisor to Bolton Clarke and is Chair of Global Access Partners' National Standing Committee on Energy, the Environment and Agriculture.

He consults to companies on strategy, digital opportunities and challenges, and marketing.

As a CEO and senior executive, he has had extensive experience in highly competitive, customer-driven industries and 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.

Special responsibilities: Name: Title: Qualifications: Experience and expertise:

Special responsibilities:

Most recently Stephen was CEO of the Heart Research Institute and in his various Chair, CEO and senior executive roles he has become known for providing a strong focus on and a personal commitment to the development of emerging leaders, providing organisations with a robust talent pipeline.

Chair of the Finance, Audit and Risk Committee Steve Rust Non-Executive Director BSc (Hons), Grad Dip Comp Studies, GAICD Steve has been a member of the Board of Directors since May 2014 and has been Vice Chair since December 2016.

He has extensive experience in senior management positions in the private sector, including 12 years as Managing Director and Vice President in the Australian subsidiaries of global technology companies in the IT, telecommunications and consumer electronics industries. He has also served as Chair of the Audit, Governance and Risk Committee in a member‐based technology recycling management company. His professional interests include leveraging technology platforms to support business growth, improve service delivery and manage risk.

Chair of the Governance, Remuneration and Nominations Committee and Member of the Finance, Audit and Risk Committee.

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Relationships Australia (NSW) Limited Directors' report 30 June 2023 Name: Title: Qualifications: Experience and expertise:

Andrea Christie-David Non-Executive Director M Int Law, Grad Cert Legal Practice, LLB, BA (Linguistics), Cert IV Training & Assessment, GAICD Andrea has been a member of the Board of Directors since June 2015.

She is founder and Managing Director of Leor, a service that delivers high quality early childhood education and disability support in the family home and early childhood services. As part of her role, she also sits on the Executive Leadership Team of its parent company, G8 Education Limited. Prior to this Andrea was a Partner of Salvos Legal, delivering pro bono legal services to disadvantaged members of the community.

Special responsibilities: Name: Title: Qualifications: Experience and expertise:

Andrea is the President of the Australian Home Childcare Association and Secretary of the OpenField Arts Festival. In 2013 Andrea was recognised as ‘Woman Lawyer of the Year in a Community Organisation’ by Women Lawyers NSW and in 2019 Andrea was a finalist in the Women’s Agenda Leadership Awards. Andrea holds a BA, LLB, Grad Dip in Legal Practice, Master of International Law, Grad Dip in Educational Studies and is a Graduate of the AICD. Member of the Governance, Remuneration and Nominations Committee Kathryn Greiner Non-Executive Director Bachelor of Social Work (UNSW), Certificate in Early Childhood, Doctor of Letters (UNSW), AO, MAICD Kathryn has been a member of the Board of Directors since January 2018.

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 and Contact Inc. She is also the Chair of Lifestart Co-operative Ltd and the NSW Ministerial Advisory Council on Ageing. She was a Councillor of City of Sydney (1995-2004), participated in the Gonski Review on Education and led Reviews into sectoral education, and Retirement Villages in New South Wales.

Special responsibilities:

July 2021 Kathryn ceased being a member of the Governance, Remuneration and Nominations Committee and was appointed a member of the Finance, Audit and Risk Committee.

Member of the Finance, Audit and Risk Committee

Name: Title: Qualifications: Experience and expertise:

Cameron O’Reilly Non-Executive Director BEc (Hons), MPPM, GAICD Cameron has been a member of the Board of Directors since January 2018.

Cameron has worked in government at State and Federal level, has led national industry associations, held public affairs roles in agencies and major corporates, and served on a range of public, not for profit and private sector boards. Cameron is an Associate Director of Marsden Jacob Associates (MJA) an economics, public policy, markets and strategy advisory firm. Previously he held a number of 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.

Special responsibilities:

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. Member of the Finance, Audit and Risk Committee until December 2022 and Member of the Governance, Remuneration and Nominations Committee since December 2022.

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Relationships Australia (NSW) Limited Directors' report 30 June 2023 Name: Title: Qualifications: Experience and expertise:

Katie Moore Non-Executive Director BBus (International Tourism Management), MBA, GAICD Katie has been a member of the Board since June 2021.

Katie is a proud Wiradyuri woman with family connections to Central NSW while having lived mostly on Darug country in Western Sydney.

She is passionate about creating meaningful changes that improves the lives of people. In August 2023 Katie joined Reconciliation Australia as the GM Policy, Research and Strategic Projects. In the 5years prior to this she project managed strategic initiatives across Research, Indigenous Studies and Services and most recently building relationships to ensure just transitions across the Real Deal for Australia project and the University of Sydney.

As a UN Women National Committee Australia MBA Scholarship recipient, Katie was a the University of Sydney's first known Indigenous MBA graduate and is currently a Master of Philosophy (Science) candidate exploring research in Wiradyuri governance. She is Graduate of the Australian Institute of Company Directors (AICD), member of Opal HealthCare advisory panel and KU Children's Services Aboriginal and Torres Strait Islander Advisory Committee.

Special responsibilities:

Member of the Governance, Remuneration and Nominations Committee

Name: Title: Qualifications: Experience and expertise:

Sanjay Sridher Non-Executive Director MBA, GAICD Sanjay 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. 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 the University of Technology 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 responsibilities:

Member of the Governance, Remuneration and Nominations Committee until December 2022 and Member of the Finance, Audit and Risk Committee since December 2022

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Relationships Australia (NSW) Limited Directors' report 30 June 2023 Name: Title: Experience and expertise:

Liz Forsyth Non-Executive Director since February 2023 Liz is currently the CEO Disability and Aged Care for APM. Prior to this role, 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 portfolios at both state and national levels. She has worked as a Social Worker, Service Manager, Policy and Program Director and Executive in Government.

Special responsibilities: Name: Title: Qualifications: Experience and expertise:

Special responsibilities:

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 also a Board member at Bridge Housing – a social housing provider in NSW. Member of the Governance, Remuneration & Nominations Committee.

Christopher Bertinshaw Former Chair, resigned November 2022 MComm, BBus, Dip.Th, FAICD Mr Bertinshaw was a member of the Board of Directors from July 2013 until his retirement from the Board in November 2022. He also Chaired RASE Pty Ltd and RANSW IP Company Pty Ltd. For several years he Chaired the Finance Audit and Risk Committee. He participated in the governance of the RA Federation and the establishment of the National Charter.

Elsewhere, Mr Bertinshaw chairs the Illawarra Shoalhaven Local Health District, Swimply Pty Ltd and Inclusive Boards Pty Ltd and is a director of other companies. He has executive and governance experience in social services, education, IT, health, and government.

Member of the Governance, Remuneration and Nominations Committee

Company secretary The Company Secretaries at the end of the financial year were: 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.

Chris Last (BSc (Hons); ACMA (UK); MCT (UK); GAICD Chris has been employed by Relationships Australia (NSW) Limited since April 2023 when he was also appointed as Company Secretary to the Board and all Board Committees.

Chris is also the General Manager, Corporate Services.

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Relationships Australia (NSW) Limited Directors' report 30 June 2023 Meetings of Directors The number of meetings of the Company's Board of Directors ('the Board') and of each Board committee held during the year ended 30 June 2023, and the number of meetings attended by each Director were: Governance, Remuneration and Nominations Committee Attended Held

Full Board Attended Held Christopher Bertinshaw Stephen Hollings Steve Rust Andrea Christie-David Kathryn Greiner Cameron O’Reilly Katie Moore Sanjay Sridher Liz Forsyth

3 7 7 7 6 7 5 6 3

3 7 7 7 7 7 7 7 3

2 4 4 2 3 2 2

2 4 4 2 4 2 2

Finance, Audit and Risk Committee Attended Held 8 7 7 4 4 -

8 8 8 4 4 -

Held: represents the number of meetings held during the time the Director held office or was a member of the relevant committee.

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 2023, the number of members was 11 (2022:10).

Rounding of amounts The Company is of a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to 'rounding-off'. Amounts in this report have been rounded off in accordance with that Corporations Instrument to the nearest thousand dollars, or in certain cases, the nearest dollar.

Auditor's independence declaration A copy of the auditor's independence declaration as required by Subdivision 60C of the Australian Charities and Not-forprofits Commission Act 2012 is set out immediately after this Directors' report.

This report is made in accordance with a resolution of Directors.

On behalf of the Directors

___________________________ Stephen Hollings Chair 26 October 2023

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Relationships Australia (NSW) Limited Auditor's independence declaration

Auditor's Independence Declaration As lead auditor for the audit of Relationships Australia (New South Wales) Limited for the year ended 30 June 2023, I declare that to the best of my knowledge and belief, there have been no contraventions of any applicable code of professional conduct in relation to the audit.

This declaration is in respect of Relationships Australia (New South Wales) Limited and the entities it controlled during the period.

Sarah D'Arcy Partner PricewaterhouseCoopers

Parramatta 26 October 2023

PricewaterhouseCoopers, ABN 52 780 433 757 One International Towers Sydney, Watermans Quay, Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T: +61 2 8266 0000, F: +61 2 8266 9999 Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 T: +61 2 9659 2476, F: +61 2 8266 9999 Liability limited by a scheme approved under Professional Standards Legislation.

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Relationships Australia (NSW) Limited Consolidated statement of profit or loss and other comprehensive income For the year ended 30 June 2023 Note

Consolidated 2023 2022 $'000 $'000

Revenue

4

40,917

38,854

Other income

5

61

121

Expenses Personnel expenses Rental and other property related costs Depreciation and amortisation expenses Brokerage Telecommunications and postage National levy and affiliation costs Advertising and promotions Other expenses Total expenses

(37,309) (912) (1,915) (484) (511) (327) (278) (1,855) (43,591)

(34,842) (691) (2,435) (461) (458) (267) (32) (1,940) (41,126)

Operating deficit

(2,613)

(2,151)

620 (264) 23 379

67 (260) (491) (684)

(2,234)

(2,835)

Items that may be reclassified subsequently to profit or loss Gain on the revaluation of financial assets at fair value through other comprehensive income

-

100

Other comprehensive income for the year

-

100

Total comprehensive loss for the year

(2,234)

(2,735)

Finance income Finance costs Net fair value (gain)/loss on financial assets at fair value through profit or loss Net finance income/(costs) Deficit for the year

10

Other comprehensive income

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes 10

Relationships Australia (NSW) Limited Consolidated statement of financial position As at 30 June 2023 Note

Consolidated 2023 2022 $'000 $'000

Assets Current assets Cash and cash equivalents Trade receivables Financial assets at amortised cost Financial assets at fair value through profit or loss Other assets Total current assets

7 8 9 10 11

11,191 515 8,111 573 20,390

3,914 591 11,384 8,333 419 24,641

Non-current assets Property, plant and equipment Right-of-use assets Intangibles Total non-current assets

12 13 14

2,250 6,572 32 8,854

2,557 6,429 160 9,146

29,244

33,787

2,465 3,151 1,948 3,477 843 11,884

2,088 5,353 2,071 3,688 764 13,964

4,977 617 521 6,115

5,227 594 523 6,344

Total liabilities

17,999

20,308

Net assets

11,245

13,479

1,911 9,334

2,496 10,983

11,245

13,479

Total assets Liabilities Current liabilities Trade and other payables Grants received in advance Lease liabilities Employee benefits Provisions Total current liabilities

15 16 17 18

Non-current liabilities Lease liabilities Employee benefits Provisions Total non-current liabilities

17 18

Equity Reserves Retained surplus

19

Total equity

The above consolidated statement of financial position should be read in conjunction with the accompanying notes 11

Relationships Australia (NSW) Limited Consolidated statement of changes in equity For the year ended 30 June 2023 Retained surplus $'000

Reserves $'000

Consolidated Balance at 1 July 2021

Total equity $'000

5,117

11,097

16,214

Deficit for the year Other comprehensive income for the year

100

(2,835) -

(2,835) 100

Total comprehensive income for the year

100

(2,835)

(2,735)

Transfers from reserves

(2,721)

2,721

-

Balance at 30 June 2022

2,496

10,983

13,479

Retained surplus $'000

Reserves $'000

Consolidated Balance at 1 July 2022

Total equity $'000

2,496

10,983

13,479

Deficit for the year Other comprehensive income for the year

-

(2,234) -

(2,234) -

Total comprehensive loss for the year

-

(2,234)

(2,234)

Transactions with members in their capacity as members: Transfers from reserves

(585)

585

-

Balance at 30 June 2023

1,911

9,334

11,245

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes 12

Relationships Australia (NSW) Limited Consolidated statement of cash flows For the year ended 30 June 2023 Note

Consolidated 2023 2022 $'000 $'000

Cash flows from operating activities Receipts from Governments grants Receipts from fees, donations and other income Payments to suppliers and employees Interest received

40,689 2,345 (45,612) 563

41,827 3,235 (43,193) 30

Net cash from/(used in) operating activities

(2,015)

1,899

3,273 8,379

(607) (1,031) -

Net cash from/(used in) investing activities

11,652

(1,638)

Cash flows from financing activities Repayment of lease liabilities

(2,360)

(2,149)

Net cash used in financing activities

(2,360)

(2,149)

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the financial year

7,277 3,914

(1,888) 5,802

11,191

3,914

Cash flows from investing activities Payments for property, plant and equipment Proceeds/(payments) for term deposits Proceeds from disposal of investment in managed funds

12

Cash and cash equivalents at the end of the financial year

7

The above consolidated statement of cash flows should be read in conjunction with the accompanying notes 13

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 1. General information Note 2. Significant accounting policies Note 3. Critical accounting judgements, estimates and assumptions Note 4. Revenue Note 5. Other income Note 6. Expenses Note 7. Cash and cash equivalents Note 8. Trade receivables Note 9. Financial assets at amortised cost Note 10. Financial assets at fair value through profit or loss Note 11. Other assets Note 12. Property, plant and equipment Note 13. Right-of-use assets Note 14. Intangibles Note 15. Trade and other payables Note 16. Grants received in advance Note 17. Lease liabilities Note 18. Provisions Note 19. Reserves Note 20. Remuneration of auditors Note 21. Contingent liabilities Note 22. Commitments Note 23. Key management personnel disclosures Note 24. Related party transactions Note 25. Interests in subsidiaries Note 26. Economic dependency Note 27. Events after the reporting period

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15 15 20 21 22 22 23 23 23 23 24 24 25 25 26 26 26 26 27 28 28 28 28 28 29 29 29

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 1. General information The financial statements cover Relationships Australia (NSW) Limited as a Group consisting of Relationships Australia (NSW) Limited and the entity it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Relationships Australia (NSW) Limited's functional and presentation currency.

Relationships Australia (NSW) Limited is a not-for-profit unlisted public company limited by guarantee, incorporated and domiciled in Australia. Its registered office and principal place of business is: Suite 102, Level 1, 68‐72 Waterloo Road, Macquarie Park NSW 2113 A description of the nature of the Group's operations and its principal activities are included in the Directors' report, which is not part of the financial statements.

The financial statements were authorised for issue, in accordance with a resolution of Directors, on 26 October 2023. The Directors have the power to amend and reissue the financial statements.

Note 2. Significant accounting policies The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Comparative information Comparatives in the statement of profit or loss, statement of financial position, statement of cashflows and notes to the financial statements have been reclassified to the current year presentation to enhance comparability. There was no effect on the results of operations or net assets position.

Basis of preparation These general purpose financial statements have been prepared in accordance with the Australian Accounting Standards Simplified Disclosures issued by the Australian Accounting Standards Board ('AASB') and the Australian Charities and Notfor-profits Commission Act 2012, as appropriate for not-for profit oriented entities.

Historical cost convention The financial statements have been prepared under the historical cost convention, except for, where applicable, the revaluation of financial assets and liabilities at fair value through profit or loss, financial assets at fair value through other comprehensive income and certain classes of property, plant and equipment.

Critical accounting estimates The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 3.

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 2023 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'.

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Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 2. Significant accounting policies (continued) 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.

Revenue recognition The Group recognises revenue as follows: Grant income Grant income is recognised at the point in time when the monies are received, and obligations have been met in relation 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.

Distribution income Distribution 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.

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.

Current and non-current classification Assets and liabilities are presented in the statement of financial position based on current and non-current classification.

An asset is classified as current when: it is either expected to be realised or intended to be sold or consumed in the Group's normal operating cycle; it is held primarily for the purpose of trading; it is expected to be realised within 12 months after the reporting period; or the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least 12 months after the reporting period. All other assets are classified as non-current.

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Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 2. Significant accounting policies (continued) A liability is classified as current when: it is either expected to be settled in the Group's normal operating cycle; it is held primarily for the purpose of trading; it is due to be settled within 12 months after the reporting period; or there is no unconditional right to defer the settlement of the liability for at least 12 months after the reporting period. All other liabilities are classified as non-current.

Cash and cash equivalents Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, 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.

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.

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.

Financial assets at fair value through profit or loss Financial assets not measured at amortised cost or at fair value through other comprehensive income are classified as financial assets at fair value through profit or loss. Typically, such financial assets will be either: (i) held for trading, where they are acquired for the purpose of selling in the short-term with an intention of making a profit, or a derivative; or (ii) designated as such upon initial recognition where permitted. Fair value movements are recognised in profit or loss.

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 mandatorily 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.

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Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 2. Significant accounting policies (continued) 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.

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: Buildings Leasehold improvements Plant and equipment Motor vehicle

25 years 3-5 years 2-7 years 5 years

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.

Right-of-use assets 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.

Intangible assets Intangible assets acquired as part of a business combination, other than goodwill, are initially measured at their fair value at the date of the acquisition. Intangible assets acquired separately are initially recognised at cost. Indefinite life intangible assets are not amortised and are subsequently measured at cost less any impairment. Finite life intangible assets are subsequently measured at cost less amortisation and any impairment. The gains or losses recognised in profit or loss arising from the derecognition of intangible assets are measured as the difference between net disposal proceeds and the carrying amount of the intangible asset. The method and useful lives of finite life intangible assets are reviewed annually. Changes in the expected pattern of consumption or useful life are accounted for prospectively by changing the amortisation method or period.

18

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 2. Significant accounting policies (continued) Software Significant costs associated with software are deferred and amortised on a straight-line basis over the period of their expected benefit, being their finite life of 3-5 years.

Impairment of non-financial assets Non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount.

Recoverable amount is the higher of an asset's fair value less costs of disposal and value-in-use. The value-in-use is the present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or cash-generating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a cash-generating unit.

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.

Lease liabilities 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.

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 pre-tax rate specific to the liability. The increase in the provision resulting from the passage of time is recognised as a finance cost.

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.

Defined contribution superannuation expense Contributions to defined contribution superannuation plans are expensed in the period in which they are incurred.

19

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 2. Significant accounting policies (continued) 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.

Goods and Services Tax ('GST') and other similar taxes 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.

Comparative figures Comparatives have been realigned where necessary, to be consistent with current year presentation. There was no effect on deficit, net assets, or equity.

Rounding of amounts The Company is of a kind referred to in Corporations Instrument 2016/191, issued by the Australian Securities and Investments Commission, relating to 'rounding-off'. Amounts in this report have been rounded off in accordance with that Corporations Instrument to the nearest thousand dollars, or in certain cases, the nearest dollar.

Note 3. Critical accounting judgements, estimates and assumptions 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.

20

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 4. Revenue Consolidated 2023 2022 $'000 $'000 Federal Government grants State Government grants Other Government grants JobKeeper Education revenue Fees Other revenue Other revenue Revenue

27,855 8,774 2,080 127 1,419 40,255

26,056 8,253 1,599 548 336 1,606 38,398

662

456

40,917

38,854

Disaggregation of revenue The disaggregation of revenue from contracts with customers is as follows: Consolidated 2023 2022 $'000 $'000 Revenue sources Government grants Fees and education revenue

Geographical regions Australia

21

38,709 1,546

36,456 1,942

40,255

38,398

40,255

38,398

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 4. Revenue (continued) Top 9 sources of Government funding follows: Consolidated 2023 2022 $'000 $'000 Federal Government Department of Attorney General Department of Social Services Total

16,355 11,338 27,693

15,611 10,968 26,579

State Government Department of Community and Justice Department of Justice Total

8,855 153 9,008

8,679 265 8,944

Other Funder Legal Aid NSW HNECC Limited Sydney North Health Network Wentworth Healthcare Limited EIS Health Limited Total

1,543 225 238 126 90 2,222

590 300 134 174 418 1,616

38,923

37,139

Note 5. Other income Consolidated 2023 2022 $'000 $'000 Distributions income

61

121

Note 6. Expenses Consolidated 2023 2022 $'000 $'000 Deficit includes the following specific expenses: Leases Short-term and low-value assets lease payments Superannuation expense Defined contribution superannuation expense

22

154

29

2,844

2,604

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 7. Cash and cash equivalents Consolidated 2023 2022 $'000 $'000 Current assets Cash on hand Cash at bank Cash at bank ‐ call deposit and term deposit (maturing less than 90 days)

7 190 10,994

7 1,131 2,776

11,191

3,914

Note 8. Trade receivables Consolidated 2023 2022 $'000 $'000 Current assets Trade debtors

515

591

Trade debtors are shown net of impairment losses of $39,000 (2022: $25,000). The amounts written off for the year ended 30 June 2023 were $8,000 (2022: $24,000).

Note 9. Financial assets at amortised cost Consolidated 2023 2022 $'000 $'000 Current assets Term deposits (maturing more than 90 days)

8,111

11,384

Note 10. Financial assets at fair value through profit or loss Consolidated 2023 2022 $'000 $'000 Current assets Investments at fair value through profit or loss

-

8,333

8,333 23 (8,379) 23

8,720 104 (491)

-

8,333

Reconciliation Reconciliation of the fair values at the beginning and end of the current and previous financial year are set out below: Opening fair value Distributions reinvested Disposals Net fair value gain/(loss) Closing fair value

The financial assets at fair value through profit or loss, which comprised of units in an unlisted managed fund Pendal Monthly Income Plus Fund that is owned by BT Investment Management (the ‘Responsible entity’), were sold during the year ended 30 June 2023.

23

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 10. Financial assets at fair value through profit or loss (continued) The investment has been designated at fair value through profit or loss upon initial recognition as the Directors believe that doing so results in more relevant information being provided as their performance is actively monitored and they are managed on a fair value basis in accordance with the Company’s investment strategy.

The gain on revaluation of $23,000 (2022: loss of $491,000) is classified as net finance loss in the consolidated statement of profit or loss.

Note 11. Other assets Consolidated 2023 2022 $'000 $'000 Current assets Accrued revenue Prepayments Other deposits

57 465 51

368 51

573

419

Note 12. Property, plant and equipment Consolidated 2023 2022 $'000 $'000 Non-current assets Land and buildings - at independent valuation

1,550

1,550

Leasehold improvements - at cost Less: Accumulated depreciation

7,181 (6,557) 624

7,104 (6,248) 856

Plant and equipment - at cost Less: Accumulated depreciation

1,452 (1,376) 76

1,452 (1,302) 150

Motor vehicles - at cost Less: Accumulated depreciation

28 (28) -

28 (27) 1

2,250

2,557

Reconciliations Reconciliations of the written down values at the beginning and end of the current financial year are set out below:

Consolidated

Land and buildings $'000

Leasehold improvements $'000

Plant and equipment $'000

Motor vehicles $'000

Total $'000

Balance at 1 July 2022 Additions Depreciation expense

1,550 -

856 77 (309)

150 (74)

1 (1)

2,557 77 (384)

Balance at 30 June 2023

1,550

624

76

-

2,250

24

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 12. Property, plant and equipment (continued) Valuations of land and buildings The basis of the valuation of land and buildings is fair value. The land and buildings were last revalued on 30 June 2022 based on independent assessments by Rich AAPI CPV of 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. The Directors do not believe that there has been a material movement in fair value since the revaluation date.

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.

Note 13. Right-of-use assets Consolidated 2023 2022 $'000 $'000 Non-current assets Land and buildings - right-of-use Less: Accumulated depreciation

10,378 (3,806)

12,292 (5,863)

6,572

6,429

Additions to the right-of-use assets during the year were $4,663,000 and the remeasurement and disposals total $2,317,000 and depreciation charged to profit or loss was $2,205,000.

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 low-value, so have been expensed as incurred and not capitalised as right-of-use assets.

Note 14. Intangibles Consolidated 2023 2022 $'000 $'000 Non-current assets Software - at cost Less: Accumulated amortisation

853 (821)

928 (768)

32

160

Reconciliations Reconciliations of the written down values at the beginning and end of the current financial year are set out below: Software $'000

Consolidated Balance at 1 July 2022 Write off of assets Amortisation expense

160 (76) (52)

Balance at 30 June 2023

32

25

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 15. Trade and other payables Consolidated 2023 2022 $'000 $'000 Current liabilities Trade payables Salaries and wages accrued Other payables and accruals

191 1,148 1,126

1 985 1,102

2,465

2,088

Note 16. Grants received in advance Consolidated 2023 2022 $'000 $'000 Current liabilities Grants received in advance

3,151

5,353

Note 17. Lease liabilities Consolidated 2023 2022 $'000 $'000 Current liabilities Lease liability

1,948

2,071

Non-current liabilities Lease liability

4,977

5,227

6,925

7,298

2,175 4,645 976

2,220 4,528 1,345

7,796

8,093

Future lease payments Future lease payments are due as follows: Within one year One to five years More than five years

Note 18. Provisions Consolidated 2023 2022 $'000 $'000 Current liabilities Lease make good

843

764

Non-current liabilities Lease make good

521

523

1,364

1,287

26

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 18. Provisions (continued) Lease make good The provision represents the present value of the estimated costs to make good the premises leased by the Group at the end of the respective lease terms.

Movements in provision Movements in lease make good provision during the current financial year, are set out below: Lease make good $'000

Consolidated - 2023 Carrying amount at the start of the year Additional provisions recognised

1,287 77

Carrying amount at the end of the year

1,364

Note 19. Reserves Consolidated 2023 2022 $'000 $'000 Revaluation surplus reserve Special purpose reserve

1,911 -

1,911 585

1,911

2,496

Revaluation surplus reserve The reserve is used to recognise increments and decrements in the fair value of land and buildings, excluding investment properties.

Special purpose reserve The special purpose reserve includes funds set aside for strategic projects which have been approved by the Board.

Movements in reserves Movements in each class of reserve during the current financial year are set out below: Revaluation surplus $'000

Consolidated

Special purpose $'000

Total $'000

Balance at 1 July 2022 Transfers to retained surplus

1,911 -

585 (585)

2,496 (585)

Balance at 30 June 2023

1,911

-

1,911

27

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 20. Remuneration of auditors During the financial year the following fees were paid or payable for services provided by PricewaterhouseCoopers, the auditor of the Company: Consolidated 2023 2022 $ $ Audit services - PricewaterhouseCoopers (2022: KPMG) Audit of the financial statements

64,500

55,000

Other services - PricewaterhouseCoopers (2022: KPMG) Audit and review of the acquittal returns

15,000

7,300

79,500

62,300

Note 21. Contingent liabilities The Group has given bank guarantees as at 30 June 2023 of $813,000 (2022: $1,176,000) to various landlords.

Note 22. Commitments Consolidated 2023 2022 $'000 $'000 Capital commitments Committed at the reporting date but not recognised as liabilities, payable: Intangible assets

-

881

Note 23. Key management personnel disclosures Compensation The aggregate compensation made to Directors and other members of key management personnel of the Group is set out below: Consolidated 2023 2022 $ $ Aggregate compensation

1,818,531

1,928,708

Note 24. Related party transactions Parent entity Relationships Australia (NSW) Limited is the parent entity.

Subsidiaries Interests in subsidiaries are set out in note 25.

Key management personnel Disclosures relating to key management personnel are set out in note 23.

Transactions with related parties 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.

28

Relationships Australia (NSW) Limited Notes to the consolidated financial statements 30 June 2023 Note 24. Related party transactions (continued) Loans to/from related parties There were no loans to or from related parties at the current and previous reporting date.

Note 25. Interests in subsidiaries The consolidated financial statements incorporate the assets, liabilities and results of the following subsidiary in accordance with the accounting policy described in note 2:

Name

Principal place of business / Country of incorporation

RASE Pty Limited

Australia

Ownership interest 2023 2022 % % 100%

100%

Note 26. Economic 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 2023, the Group received funding in excess of $40 million (2022: $36 million) from various government sources including Australian Government Department of Social Services; Attorney-General's Department; NSW Department of Communities and Justice, NSW Ministry of Health, Prevention and Response to Violence, Abuse and Neglect; NSW Department of Juvenile Justice, Attorney General and Justice; and Legal Aid NSW. As at 30 June 2023, the Directors have no reason to believe that the government grants will not continue.

Note 27. Events after the reporting period No matter or circumstance has arisen since 30 June 2023 that has significantly affected, or may significantly affect the Group's operations, the results of those operations, or the Group's state of affairs in future financial years.

29

Relationships Australia (NSW) Limited Directors' declaration 30 June 2023 In the Directors' opinion: ●

the attached financial statements and notes comply with the Australian Accounting Standards - Simplified Disclosures, the Australian Charities and Not-for-profits Commission Act 2012 and other mandatory professional reporting requirements;

●

the attached financial statements and notes give a true and fair view of the Group's financial position as at 30 June 2023 and of its performance for the financial year ended on that date; and

●

there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of Directors.

On behalf of the Directors

___________________________ Stephen Hollings Chair 26 October 2023

30

Relationships Australia (NSW) Limited Independent auditor's report to the members of Relationships Australia (NSW) Limited

Independent auditor's report To the members of Relationships Australia (New South Wales) Limited Our opinion In our opinion: The accompanying financial report of Relationships Australia (New South Wales) Limited (the Charity) and its controlled entities (together the Group) is in accordance with Division 60 of the Australian Charities and Not-for-profits Commission (ACNC) Act 2012, including: (a) (b)

giving a true and fair view of the Group's financial position as at 30 June 2023 and of its financial performance for the year then ended complying with Australian Accounting Standards - Simplified Disclosures and Division 60 of the

Australian Charities and Not-for-profits Commission Regulations 2022.

What we have audited The Group financial report comprises: •

the consolidated statement of financial position as at 30 June 2023

•

the consolidated statement of profit or loss and other comprehensive income for the year then ended

•

the consolidated statement of changes in equity for the year then ended

•

the consolidated statement of cash flows for the year then ended

•

the notes to the consolidated financial statements, which include significant accounting policies and other explanatory information

•

the directors' declaration.

Basis for opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial report section of our report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Independence We are independent of the Group in accordance with the ethical requirements of the Accounting Professional & Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

Other information The directors are responsible for the other information. The other information comprises the information included in the annual report for the year ended 30 June 2023, but does not include the

PricewaterhouseCoopers, ABN 52 780 433 757 One International Towers Sydney, Watermans Quay, Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T: +61 2 8266 0000, F: +61 2 8266 9999 Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 T: +61 2 9659 2476, F: +61 2 8266 9999 Liability limited by a scheme approved under Professional Standards Legislation.

31

Relationships Australia (NSW) Limited Independent auditor's report to the members of Relationships Australia (NSW) Limited

financial report and our auditor's report thereon. Prior to the date of this auditor's report, the other information we obtained included Director's report.

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon through our opinion on the financial report.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit, or otherwise appears to be materially misstated.

If, based on the work we have performed on the other information that we obtained prior to the date of this auditor's report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the directors for the financial report The directors are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards - Simplified Disclosures and the Australian Charities and Not-for-profits Commission (ACNC) Act 2012 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Group or to cease operations, or have no realistic alternative but to do so.

32

Relationships Australia (NSW) Limited Independent auditor's report to the members of Relationships Australia (NSW) Limited

Auditor's responsibilities for the audit of the financial report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report.

A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_responsibilities/ar3.pdf.

This description forms part of our auditor's report.

PricewaterhouseCoopers

Sarah D'Arcy Partner

Parramatta 26 October 2023

33