director's report Your directors present their report on the company for the financial year ended 30 June 2011.
The principal activities of the company are the provision of support services to disadvantaged young people from migrant and refugee backgrounds with a view to relieve the poverty, distress or helplessness suffered by them.
The names of the directors in office at anytime during or since the end of the year are:
The company also provides ancillary services to the above, supporting the needs of young people from migrant and refugee backgrounds in other ways.
Paris Aristotle Maree Lynn Davidson Bulent Dellal Sally James Kirsten Rae Pilatti Donato Smarrelli Jeanette Ward Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. The net loss of the company for the financial year amounted to $109,730 (2010: $62,342 profit). A review of the operations of the company during the financial year and the results of those operations are as follows: Changes in grant funding resulted in a decrease in grant revenue by 6% compared to last year. However, interest income has increased due to higher levels of monies held on deposit. No other significant changes in the state of affairs have occurred during the financial year.
No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in future financial years. Likely developments in the operations of the company and the expected results of those operations in future financial years have not been included in this report as the inclusion of such information is likely to result in unreasonable prejudice to the company. The company's operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of the State. No dividends have been paid or declared during the year and no dividends are proposed. The company is prohibited by its Constitution from making any distributions. No options over issued shares or interest in the company were granted during or since the end of the financial year and there were no options outstanding at the date of this report.
32 • CENTRE FOR MULTICULTURAL YOUTH • ANNUAL REPORT 2010–11
Information on directors Sally James • General Manager, Community Development, Melbourne City Mission • Senior Manager, Youth Transitions, Brotherhood of St Laurence Paris Aristotle AM • Director, Victorian Foundation for Survivors of Torture Inc • Board Member, Refugee Council of Australia • Board Member, Adult Multicultural Education Services • Part-time Commissioner, Victorian Law Reform Commission Maree Lynn Davidson • Managing Director, Davidson Consulting Pty Ltd • Melbourne Writers Festival, Deputy Chair • Queen Victoria Women’s Centre Trust - Trustee • Public Transport Industry Ombudsman Board, Community Director • National Coalition Against Bullying, Executive Member • Fellowship for Indigenous Leadership Advisory Committee, Chair Donato (Don) Smarrelli OAM • Director/Principal, Lawcorp Lawyers Pty Ltd • Member of the Board, Assisi Centre Incorporated Dr Bulent (Hass) Dellal OAM • Company Secretary, Australian Multicultural Foundation Ltd • Member of the Board of Trustees, European Multicultural Foundation • Deputy Chairman, Special Broadcasting Services (SBS) • Chair, Centre for Multicultural Youth