Annual Report 2004-2005
The Peer Support Foundation Limited 2 Grosvenor Place Brookvale NSW 2100 Phone: 02 9905 3499 Fax: 02 9905 5134 Email: peeroz@peersupport.edu.au Website: www.peersupport.edu.au
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Annual Report 2004-2005
Table of Contents
Mission
Page 4
The Peer Support Foundation Team
Page 5
About the Peer Support Foundation
Page 6
Implementing the Peer support Program
Page 6
How the Peer Support Program works
Page 7
Peer Support Modules K-6
Page 8
Peer Support Modules 7-12
Page 9
Major Achievements and Future Directions
Page 10
Thank you to our Supporters
Page 11
Chairman’s Report
Page 12
Research Report by Training and Development Manager
Page 13
General Manager’s Report
Page 14
Director’s Report
Page 16
Financial Reports
Page 18-31
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Annual Report 2004-2005
Mission The Peer Support Foundation is a not for profit organisation dedicated to providing peer led programs which foster the physical, social and mental wellbeing of young people and their community. Our vision is to develop in young people a sense of personal responsibility for their own wellbeing, with the support of their peers and an informed and skilled community. The Foundation achieves this through education programs for students, teachers, parents and community members. The Peer Support Foundation would not be able to achieve these objectives without the support of: Founder: Chairman:
Elizabeth Campbell AM, BSc, TNDC Brian Halstead BE (Chem), BEc, CPA
Honorary Directors: Phillip L Cox FCPA, Dip Comm James Dibble AM, MBE George Livanes MA, LLB, BBus, FAPI David A Stanton FIA Karel Wearne MA, DipEd Staff: (as at 30.6.05) Sharon Austin Kristin Bell Sharlene Chadwick Josie Gallagher Col Harrison
General Manager Training and Development Consultant Training and Development Manager Training and Marketing Administrator Training and Development Consultant
The Peer Support Foundation was registered as a Company Limited by Guarantee in 1983, following the early development and introduction of the Peer Support Program by Elizabeth Campbell in the 1970s. The Foundation is accepted by the Australian Taxation Office as a ‘Public Benevolent Institution’. The Peer Support Foundation Limited 2 Grosvenor Place Brookvale NSW 2100 Tel: Fax: Email: Web:
02 9905 3499 02 9905 5134 peeroz@peersupport.edu.au www.peersupport.edu.au
ACN : 002 634 853 ABN: 40 002 634 853 PO Box 498 Brookvale NSW 2100
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Annual Report 2004-2005
The Peer Support Foundation Team (From left to right) Sharon Austin, General Manager; Col Harrison, Training and Development Consultant; Sam Chadwick, Training and Development Manager; Kristin Bell, Training and Development Consultant; Josie Gallagher, Training and Marketing Administrator.
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Annual Report 2004-2005
About the Peer Support Foundation The Peer Support Foundation provides schools and their communities with a program designed to develop physical, social and mental wellbeing. These programs are implemented across the whole school and support a safer, happier environment where effective teaching and learning can occur. A range of training workshops that are designed to support school staff in planning for and implementing the Peer Support Program are provided. Scheduled workshops are held throughout the year at key locations. The Peer Support Program is supported by a series of peer led modules which form part of a learning continuum that aims to assist young people to develop positive values, attitudes, behaviours and skills related to relationships, leadership, optimism, resilience, citizenship and anti-bullying. School communities are able to plot a learning pathway from Kindergarten through to Year 12 with modules that address their specific needs and goals.
Implementing the Peer Support Program In primary schools, student learning sessions are facilitated by Year 6 students with multi-age groups from Kindergarten to Year 5. In secondary schools, student learning sessions are available for a range of ages. The traditional approach is Year 10 or 11 students facilitating groups for Year 7. To support school communities in addressing specific areas of need and bring about positive change, the Peer Support Foundation provides: • awareness raising workshops for community members • training and professional development for teachers • integrated learning modules for students—including notes for teachers, notes for Peer leaders and resources for students. Peer led learning programs allow young people to: • develop skills in cooperative learning • become better leaders • investigate issues they feel adults may not relate to • develop effective ways to deal with life experiences • explore ways in which other people deal with similar experiences. Modules developed by the Peer Support Foundation focus on developing values, skills and understandings vital to the wellbeing of young people. They are based on a peer led model of learning and assist students to develop: • sense of Self • resilience • connectedness • sense of possibility.
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Annual Report 2004-2005
How the Peer Support Program works Awareness Raising Raising awareness is the first step in implementing the Peer Support Program. This usually takes the form of a consultant’s talk to teachers, parents and community members. In some modules it also involves surveying attitudes and gathering information in relation to a particular issue.
Training Teachers and parents are then trained at district or whole school workshops for 1 day. Teachers then train student leaders, using resources developed and provided by the Peer Support Foundation. These student training sessions are conducted over 2 days.
Implementation In primary schools, Peer leaders work with a small group of students for approximately 30 minutes a week using Peer Support Foundation resource material. All Year 6 students take on this leadership role. They facilitate groups of about 8—10 students from Kindergarten—Year 5. In secondary schools, Year 10 or 11 students are trained and then encouraged to apply for this leadership position. They are responsible for groups of 8—10 students from Year 7. Sessions are conducted for 10 weeks. Some Peer Support Foundation modules operate with same age peers. This ensures age relevant issues are addressed in a supportive and positive environment. Students are supported at every stage through briefing and debriefing sessions conducted by teachers. Briefing is conducted at least the day before. Debriefing can take many forms and can occur up to a day later. Briefing and debriefing are vital to the success of the Peer Support Program. Schools are encouraged to involve parents in the Peer Support Program by providing ongoing information. In this way parents can enjoy and build on their children’s Peer Support experiences. In recognition of the time commitments and constraints placed upon schools, the Peer Support Foundation has developed a flexible delivery option for the anti-bullying program. This allows schools to implement the training within their own time frame. This also enables school communities to develop a stronger sense of ownership and commitment to dealing with bullying behaviours in their school context.
Celebration Celebration of the achievement of Peer Support groups and their leaders is one of the many ways that individuals can build a sense of Self. The Peer Support Foundation encourages community members to celebrate the achievements of young people by presenting Peer Support Foundation certificates and badges. This also builds the connections between the school and its community. We encourage all parents and community members to inspire and support our young people by contributing to the Peer Support Program at your local school.
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Annual Report 2004-2005
Peer Support Modules K-6 Getting Started This module is an introduction for schools who have not previously run the Peer Support Program. The focus is on groups working together and establishing group dynamics. Key skills developed are:
interpersonal communication
Building Connections This module focuses on the complexities of relationships. Students will develop skills in maintaining positive relationships. Key skills developed are:
values empathy negotiation conflict resolution
Being Positive This module focuses on optimism and positive thinking by developing skills and attitudes necessary to make safe and healthy lifestyle choices. Key skills developed are:
resilience empathy coping monitoring stress
Taking Opportunities This module focuses on resilience by developing skills and attitudes necessary to cope more effectively with difficult and challenging life experiences. Key skills developed are:
coping resilience monitoring stress planning
Together We Can Work it Out This module focuses on developing understandings, attitudes, skills and strategies to address the issue of bullying in their school context. Key skills developed are:
empathy resilience assertiveness coping decision making monitoring stress conflict resolution
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Annual Report 2004-2005
Good Citizens This module focuses on supporting students to be caring, cooperative and contributing citizens of the future assisting them to develop a positive sense of Self. Key skills developed are:
values planning critical thinking empathy decision making
Peer Support Modules 7-12 Framework for Orientation This framework is for transition to secondary school for Year 7 students. It will help them to achieve a smooth transition into their new environment and to work together supporting each other to develop a positive attitude toward high school. Key skills developed are:
coping critical thinking problem solving negotiation
Facing our Challenges This module equips students with coping strategies to assist them in dealing with adversity, planning with hope for the future and striving to build a greater level of personal satisfaction and success. Key skills developed are:
optimism empathy positive self talk perseverance resilience coping
The Right Choice This module develops understandings, attitudes, strategies and skills to address the issue of bullying in their school context. Key skills developed:
empathy resilience assertiveness coping decision making problem solving conflict resolution
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Annual Report 2004-2005
Major Achievements in 2004—2005 and Future Directions Achievements • • • • • • • • • • • •
Primary module Taking Opportunities published Primary school module Teacher’s notes redeveloped Research booklet published Research promotion strategy developed and implemented Federal funding secured for redevelopment of primary school anti-bullying module Conceptual framework, concepts and key skills developed for primary school anti-bullying module Primary and Secondary student leadership training notes updated Presented workshop at ‘Let’s talk about bullying’ Conference, Brisbane Hosted and presented at NSW Student Welfare and Personal Development Association’s ‘Students At Risk’ Conference—August 2004 Hosted NSW Student Welfare and Personal Development Association’s conference— March 2005 Presented at Primary Peer Leaders’ Conference—Townsville Presented workshop at Primary Principals’ Conference, Moama
Future Directions • • • • • • • • • • •
Publication of a module for primary schools focusing on anti-bullying Research and development of a module for secondary schools focusing on anti-bullying Evaluate, review and redevelop primary Good Citizens module Evaluate and review primary Being Positive module Evaluate and review secondary Facing our Challenges module Develop a flexible delivery package for SRC teacher training Continue to increase profile of the Peer Support Foundation Host NSW Student Welfare and Personal Development Association’s conference—August 2005 Present at National Coalition Against Bullying Conference—October 2005 Continue to develop links with external, other not for profit organisations and educational sectors Continue to make Government and Political links
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Annual Report 2004-2005
Thank you to our Supporters The Peer Support Foundation would once again like to thank everyone who has supported us this year. Major Sponsors 2004-2005 Australian Government Department of Education, Science and Training NSW Department of Health Catholic Church Insurances James N Kirby Foundation Perpetual Trustees Raymond E Purves Foundation United Way (Northern Beaches Youth Community Fund) Vincent Fairfax Family Foundation Woodend Pty Ltd
Registered Clubs Many registered clubs throughout NSW and ACT have provided support this year in the form of complimentary room hire, equipment hire and catering, as well as with cash donations through the Community Development and Support Expenditure (CDSE) scheme. Thank you to all concerned.
Individual Supporters and Rotary Clubs We would like to say thank you to long term supporters of the Peer Support Foundation, such as Mrs Barbara Patterson, Mr John Spooner, Mr and Mrs John Phillips and the Rotary Club of Crows Nest. Your continued support and goodwill are much appreciated by all at the Peer Support Foundation.
Members A special note of thanks to our members. Your ongoing support and feedback is the key to the success of the Peer Support Program.
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Annual Report 2004-2005
Chairman’s Report The work of the Peer Support Foundation is as important today as it was over 30 years ago when the operations commenced. In fact the pressures on the young people today make the skills, values and understandings, developed in the Peer Support Program even more crucial to the development of physical, mental and social wellbeing. The increased focus in the community on the mental health of young people and in the concept of safe schools has meant continuing interest in our work. This has lead to an increased demand for the programs of the Peer Support Foundation and in particular, anti bullying. The Peer Support Foundation continues to interact with various bodies and during the year met with the National Coalition Against Bullying, psychologists and its own consultative group to ensure the direction of developments is in line with current thinking. During the year the Peer Support Foundation presented and distributed material outlining the results of independent research, conducted by the University of Western Sydney that was received at the end of the last financial year. This research, over a three year period demonstrated that the Peer Support Program did achieve its desired outcomes and has been well received in the schools, the educational community and by our supporters and sponsors. The research is summarised in a booklet that can be ordered by contacting the Peer Support Foundation The program modules continue to be developed by our team of consultants. The new primary resilience module has been particularly well received and has shown the benefits of the integrated training and development team. Having regularly updated materials continues to keep the Peer Support Program fresh and relevant to those schools that have been implementing for many years. The sponsors and supporters of the Peer Support Foundation are crucial to its continued existence. We rely on sponsors to fund the development of new modules and in supporting schools to implement the program in those areas that are disadvantaged and need financial help with implementation. This support over the last year is greatly appreciated as it has enabled the Peer Support Foundation with its full team of staff to fully cover its costs of operation. I would like to thank the staff who have developed into a strong team and continue to progress and expand the work of the Peer Support Foundation. We all strive to continually improve the quality of the output and have undertaken formal processes to document that quality improvement . I would like to thank the Board for their input and support over the last year. After five years as Chairman I am very pleased that David Stanton a founding Board member now has the time to take on the role of Chairman and I look forward to supporting David as a Board member as plans are refined for the next three years. Finally I would like to thank the schools and their dedicated teachers who implement the Peer Support Program and together ensure that the physical, mental and social wellbeing of young people continues to improve.
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Annual Report 2004-2005
Research Report by Training and Development Manager A longitudinal study by the University of Western Sydney, Self Concept Enhancement and Learning Facilitation (SELF) Research Centre was published in 2003. The research was conducted to determine the efficacy of the Peer Support Program and proved that it gains positive long term benefits for students and school communities. Funded by the Australian Research Council and involving 2,300 secondary students across NSW during 2001-2002, the results found that the Peer Support Program: • assisted students to successfully negotiate the transition from primary to secondary school; • increased the self confidence of those participating; • increased their enjoyment of school; • improved relationships with others - peers and teachers; • improved perceptions of support from others; • developed cooperative teamwork; • developed positive academic self concept; and • successfully changed attitudes toward bullying behaviours.
Research Structure The primary objectives of the research were to: • empirically evaluate the effectiveness, strengths and limitations of the Peer Support Program; and • determine whether the Peer Support Program assists in easing the transition to adolescence and secondary school.
Results - Year 7 •
most frequently reported benefit of participating in the Peer Support Program was that it helped them to make new friends and was valuable to their personal growth
Results - Peer leaders • •
most frequently reported benefit of participating in the Peer Support Program was that it gave them a sense of responsibility and it was a positive experience Peer leaders felt that their confidence increased and they found the role challenging and stimulating
Strengths • • •
utilising Year 10 as Peer leaders and small Peer groups 1:3 reported that the Peer Support Program enhanced students’ communication, social, decision making and problem solving skills and gave them the ability to deal with stress leadership training for Peer leaders
These results are relevant to educational practitioners and highlight several challenges that schools may face in the implementation of the Peer Support Program. The research demonstrated that the Peer Support Program is a valuable learning experience for students and in conjunction with other strategies provides a powerful tool for bringing about positive cultural change in school communities.
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Annual Report 2004-2005
General Manager’s Report In 2005 the Peer Support Foundation comes to the end of its three year strategic plan and is now primed to develop a new plan for the next three—five years. I would like to take this opportunity to revisit the original plan and measure our achievements against it. The Strategic objectives outlined in the Strategic Plan 2002-2005 were to: • • • • •
maintain and improve quality of activities and learning materials maintain and improve quality of training and implementation build financial reserves of at least $100,000 with an aim to achieving recurrent funding build on reputation to raise profile as an organisation that delivers quality training and materials maintain current staff levels and continually improve morale and the operational performance
Maintain and improve quality of activities and learning materials The program development plan implemented by the Peer Support Foundation has proven to be a successful and effective model of development. The decision taken in 2002 to move program development ‘in-house’ ensures that all staff are involved in and familiar with the structure and content of the materials. Feedback received from participants in implementation training, from teachers and students when trialing and evaluating materials, and from our consultative group, is incorporated into each new module. This model also ensures effective use of the Training and Development Consultants’ skills during the terms when fewer workshops are scheduled. Since 2002 four primary school modules, two secondary school modules and a peer led alcohol module developed in collaboration with the NSW Department of Education and Training have been published. Funding has been secured from the Australian Government Department of Education, Science and Training to develop a primary school anti bullying module, and this will be available in April 2006. Funding will then be sought to develop a secondary school anti bullying module and a primary school module focusing on values. Maintain and improve quality of training and implementation Many changes and improvements have been made to the training methods used since 2002. Most notably in recognition of the time constraints in schools the format of the implementation workshop has been changed from a two day to a one day workshop, and a flexible delivery anti bullying package has been introduced. This was developed initially to assist rural schools, but it has also been extremely popular with metropolitan schools. Build financial reserves of at least $100,000 with an aim to achieving recurrent funding Containing costs, ensuring funding is available prior to the commencement of projects, and reducing staff, has resulted in a stable financial position for the Peer Support Foundation. The copyright royalty payable to the Foundation has also improved over the last few years due to the increase in the quantity of resources now available. In addition we greatly appreciate the ongoing support of our regular sponsors, as it is their financial commitment to the organisation, that enables us to continue to perform effectively.
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Annual Report 2004-2005
Build on reputation to raise profile as an organisation that delivers quality training and materials Over the last three years the Peer Support Foundation has made a determined effort to develop relationships with the media and to increase its public exposure. The availability of research results into the benefits of the Peer Support Program has facilitated this, and has resulted in a significant number of positive articles both in educational journals and in the popular press. Maintain current staff levels and continually improve morale and the operational performance The Peer Support Foundation’s staff numbers have been consistent over the last three years, with a General Manager, Training and Development Manager, two Training and Development Consultants and a Training and Marketing Administrator. Operational performance is continually assessed and changes made as required. Processes are documented and regular staff meetings are held. Two members of staff have undertaken QMS training this year and are in the process of implementing a Continuous Quality Improvement System.
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Annual Report 2004-2005
Directors’ Report Activities of the Peer Support Foundation
As a not-for-profit organisation, the continuing activities of this company were those of a benevolent foundation, supporting schools in the implementation of the Peer Support Program. The Peer Support Foundation Limited does not have share capital. No debentures were issued during the financial year ended 30th June 2005. Events subsequent to the end of the financial year There does not exist at the date of this report any contingent liability or any charge on the assets securing the liability of any other person which has arisen since the 30th June 2005. No contingent liability has become enforceable, or is likely to become enforceable before or on 30th June 2006 which, in the opinion of the directors, will or may substantially affect the ability of the company to meet its obligations as and when they fall due. Directors’ benefits No director of the company has, either during or since the end of the financial year, received or become entitled to receive a benefit not disclosed in the accounts as directors’ emoluments, by reason of a contract made by the company in which he/she has a substantial interest. Review of operation and results In this financial year, the Peer Support Foundation made a surplus of $5,931.83. Significant changes and state of affairs There were no significant changes in the operation of the Peer Support Foundation in this financial year. Future Developments and results The Peer Support Foundation will develop ongoing theme specific modules for both Primary and Secondary schools. There will be continued evaluation of new and current modules. Directors meeting attendance, qualifications and special responsibilities The Peer Support Foundation was well supported by six Honorary Board Members who met on 7 occasions. Brian Halstead BE, BEc,CPA Chairman Mr Halstead was appointed to the Board in 1999. He was elected Chairman on 16 October 2000. Prior to retirement he was Chairman of Freightcorp and a Director and Chief Financial Officer for Unilever in Australia and New Zealand. (Attended 5 Directors’ meetings and 1 AGM)
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Annual Report 2004-2005
James E Dibble AM, MBE Mr Dibble retired from the ABC in 1983. Since the formation of the Peer Support Foundation Mr Dibble has served as a Director and past Chairperson. He is a past president of the Rotary Club of Warringah and a member of Rotary International District 9680 Public Relations Committee. (Attended 2 Directors’ meetings) Phillip L Cox FCPA, DipComm Mr Cox was appointed to the Board in 1994. He is the Business Support Services Manager for Unilever Australia Ltd. In his time with Unilever, he has worked overseas in the United Kingdom and South Africa. He has extensive experience in financial management. (Attended 4 Directors’ meetings) George Livanes MA, LLB, BBus Mr Livanes was appointed to the Board of the Foundation in November 1992. He is a partner in the legal firm of Clayton Utz. (Attended 4 Directors’ meetings and 1 AGM) David A Stanton FIA A subscriber to the formation of the company, Mr Stanton has served as a Director since its formation. He is Managing Director of David Stanton & Associates Pty Ltd. (Attended 4 Directors’ meetings and 1 AGM) Karel Wearne BA, DipEd, MA Appointed a Director in 1990, Ms Wearne is a consultant psychologist, with a background in education. As the Principal of the Wearne Resource Consultancy she provides psychological and career counselling to individuals and groups. (Attended 5 Directors’ meetings and 1 AGM)
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Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2005 Note
2005 $
2004 $
Profit from ordinary activities before income tax Profit from ordinary activities after income tax
5,931.83 5,931.83
90,488.24 90,488.24
Retained profits at the beginning of the financial year Total available for appropriation Retained profits at the end of the financial year
240,960.57 246,892.40 246,892.40
150,472.33 240,960.57 240,960.57
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
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Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 BALANCE SHEET AS AT 30 JUNE 2005 Note CURRENT ASSETS Cash assets Receivables Inventories Other assets TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment TOTAL NON-CURRENT ASSETS TOTAL ASSETS CURRENT LIABILITIES Payables Interest bearing liabilities Provisions Other liabilities TOTAL CURRENT LIABILITIES TOTAL LIABILITIES NET ASSETS
2005 $
2004 $
2 3 4 5
230,438.81 8,303.36 7,394.38 6,834.63 252,971.18
236,887.69 10,502.52 5,591.91 100.00 253,082.12
6
69,701.26 69,701.26 322,672.44
64,442.23 64,442.23 317,524.35
7 8 9 10
4,602.20 265.27 41,708.57 29,204.00 75,780.04 75,780.04 246,892.40
6,154.18 22,318.04 48,091.56 76,563.78 76,563.78 240,960.57
11
246,892.40 246,892.40
240,960.57 240,960.57
EQUITY Retained profits TOTAL EQUITY
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
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Annual Report 2004-2005
PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2005 2005 $ CASH FLOWS FROM OPERATING ACTIVITIES Receipts from customers Interest received Government grants Sponsorship Royalties received Donations Membership Subscriptions Payments to suppliers & employees Net cash provided by / ( used by ) operating activities
2004 $
155,475.07 7,597.70 214,830.00 46,500.13 12,533.52 88,075.00 57,655.00 (631,458.75 )
160,330.67 6,966.02 210,650.00 28,683.53 77,780.06 49,060.94 50,160.00 (511,856.60)
(48,792.33 )
71,774.62
10,864.00 31,214.18
19,511.00 -
42,078.18
19,511.00
NET INCREASE / ( DECREASE ) IN CASH
( 6,714.15)
91,285.62
Add cash at the beginning of the financial year CASH AT FINANCIAL YEAR END REPRESENTED BY Cash at bank - Cheque account - Cash management account - Premium business account - Cash management account - Business solutions account
236,887.69 230,173.54
145,602.07 236,887.69
5,000.00 20,392.06 129,807.32 75,239.43 ( 265.27 ) 230,173.54
15,206.74 64,696.62 156,984.33 236,887.69
CASH FLOWS FROM INVESTMENT ACTIVITIES Proceeds from sale of investments Proceeds from sale of fixed assets Payments for fixed assets Net cash provided by / ( used by ) investing activities
The accompanying notes form part of these financial statements.
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Annual Report 2004-2005
PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2005 2005 $
2004 $
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO OPERATING PROFIT / ( LOSS) OPERATING PROFIT / ( LOSS )
5,931.83
Non Cash Profit and Loss Items Profit on sale of non current assets Auditors accrual Depreciation Other
2,253.37 4,190.00 15,765.00 (69,545.58 )
1,854.29 4,190.00 9,935.63 ( 53,331.86 )
2,199.16 ( 6,734.63 ) ( 1,802.47 )
( 57.43 ) 1,825.47
Increase / ( Decrease ) in Liabilities Income in advance Trade creditors Accrued expenses Provision for long service leave Provision for annual leave Gst Payable
( 23,496.56 ) ( 908.05 ) 4,609.00 10,675.70 8,714.83 ( 643.93 )
18,695.56 172.70 1,787.25 ( 3,385.98 ) ( 399.25 )
NET CASH PROVIDED BY / ( USED BY ) OPERATING ACTIVITIES
( 48,792.33 )
71,774.62
( Increase ) / Decrease in Assets Trade debtors Accrued income Stock on hand
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
90,488.24
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Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2005 1 Statement of Significant Accounting Policies The financial report is a general purpose financial report that has been prepared in accordance with applicable Australian Accounting Standards, Urgent Issues Group Consensus Views and other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001. The financial report is for the entity The Peer Support Foundation Limited as an individual entity. The Peer Support Foundation Limited is a company limited by shares, incorporated and domiciled in Australia. The financial report has been prepared on an accruals basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets. The following is a summary of the material accounting policies adopted by the company in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. Income Tax The income earned by the company is exempt from income tax pursuant to Division 51 of the Income Tax Assessment Act 1997. Accordingly, no provision for income tax has been made in the financial statements. Inventories Inventories are measured at the lower of cost and net realisable value. Costs are assigned on a first-in first-out basis and include direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenses. Property, Plant and Equipment Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation. Plant and Equipment Plant and equipment is measured on the cost basis. The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net cash flows which will be reviewed from the assets' employment and subsequent disposal. The expected net cash flows have not been discounted to present values in determining the recoverable amount. These notes are to be read in conjunction with the attached audit report.
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Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2005 Plant and Equipment The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net cash flows which will be reviewed from the assets' employment and subsequent disposal. The expected net cash flows have not been discounted to present values in determining the recoverable amount. Depreciation The depreciable amount of all fixed assets including buildings and capitalized leased assets, but excluding freehold land, are depreciated on straight line basis over their estimated useful lives to the economic company commencing from the time the asset is held ready for use. Properties held for investment purposes are not subject to a depreciation charge. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. Cash For purposes of the Statement of Cash Flows, cash includes deposits at call with financial institutions and other highly liquid investments with maturity within less than three months which are readily convertible to cash on hand at the investor's opinion and are subject to an insignificant risk of changes in value, and borrowings which are integral to the cash management function and which are not subject to a term facility. Revenue Revenue from the sale of goods is recognised upon the delivery of goods to customers. Interest revenue is recognised on a proportional basis taking into account the interest rate applicable to the financial assets. Revenue from the rendering of a service is recognized upon the delivery of the service to the customers. . All revenue is stated net of the amount of goods and services tax (GST). Goods and Services Tax (GST) Revenues, expenses and assets are recognized net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the assets or as part of an item of the expense. Receivables and payables in the Balance Sheet are shown inclusive of GST.
These notes are to be read in conjunction with the attached audit report.
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Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2005 Employee Benefits Provision is made for the company's liability for employee benefits arising from services rendered by employees to balance date. Employee benefits expected to be settled within one year together with benefits arising from wages and salaries, annual leave and sick leave which will be settled after one year, have been measured at the amounts expected to be paid when the liability is settled plus related on-costs. Other employee benefits payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. Contributions are made by the company to an employee superannuation fund and are charged as expenses when incurred.
These notes are to be read in conjunction with the attached audit report.
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Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2005 2005 $
2004 $
2 Cash Assets Cash at Bank - CBA Cheque Account Cash at Bank - CBA Cash Management Call Account Cash at Bank - CBA Premium Business Account Cash at Bank - Bendigo Cash Management Account
5,000.00 20,392.06 129,807.32 75,239.43 230,438.81
15,206.74 64,696.62 156,984.33 236,887.69
3 Receivables Current Trade Debtors Less Provision for Doubtful Debts Other 4 Inventories Current Stock on Hand 5 Other Assets Current Accrued Income Deposits
8,080.61 (500.00) 7,580.61
11,002.52 (500.00) 10,502.52
722.75 8,303.36
10,502.52
7,394.38 7,394.38
5,591.91 5,591.91
6,734.63 100.00 6,834.63
100.00 100.00
6 Property, Plant and Equipment Motor Vehicles Less Accumulated Depreciation Office Furniture & Equipment Less Accumulated Depreciation Furniture & Fittings Less Accumulated Depreciation
88,460.39 (25,862.00) 62,598.39 31,600.33 (27,519.73) 4,080.60 21,502.07 (18,479.80) 3,022.27
These notes are to be read in conjunction with the attached audit report.
84,919.36 (26,904.00) 58,015.36 44,854.33 (41,742.73) 3,111.60 21,502.07 (18,186.80) 3,315.27
26
Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2005 2005 $ Total Plant and Equipment Total Property, Plant and Equipment
2004 $
69,701.26 69,701.26
64,442.23 64,442.23
4,573.58 28.62 4,602.20
5,481.63 672.55 6,154.18
7 Payables Current Trade Creditors GST Payable 8 Interest Bearing Liabilities Current Cash at Bank - Bendigo Business Solutions Account 9 Provisions Current Provision for Annual Leave Provision for Long Service Leave 10 Other Liabilities Current Accrued Expenses Income in Advance 11 Retained Profits Retained profits at the beginning of the financial year Net profit attributable to members of the company Retained profits at the end of the financial year
265.27 265.27
-
20,841.30 20,867.27 41,708.57
12,126.47 10,191.57 22,318.04
4,609.00 24,595.00 29,204.00
48,091.56 48,091.56
240,960.57 5,931.83 246,892.40
150,472.33 90,488.24 240,960.57
These notes are to be read in conjunction with the attached audit report.
27
Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2005 2005 $ INCOME Donations Grants Sponsorship Membership Subscriptions Support Contributions Expense Reimbursements OTHER INCOME Interest Received Input Tax Credits Recovered Royalties Profit on Disposal of Non-current Assets Loss on Disposal of Non-current Assets Gross profit from trading
2004 $
85,905.00 195,300.00 46,045.59 57,650.00 90,892.50 8,533.41 484,326.50
44,904.94 191,500.00 30,233.53 50,160.00 94,520.50 9,809.49 421,128.46
7,597.70 256.95 12,533.52 3,021.37 (768.00) 21,718.59 44,360.13 528,686.63
6,966.02 1,542.75 76,237.31 1,854.29 25,317.93 111,918.30 533,046.76
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
28
Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2005 2005 $ EXPENSES Advertising Auditor's Remuneration Bank Charges Cleaning Depreciation Employee's Expenses Fringe Benefits Tax Insurance Motor Vehicle Expenses Petty Cash & Sundries Expenditure Photocopier Service & Maintenance Postage Printing & Stationery Rent Expenses Repairs & Maintenance Secretarial & Professional Fees Staff Training & Welfare Subscriptions Superannuation Contributions Telephone Travel Expenses Wages Workshop Venue Costs Profit from ordinary activities before income tax
4,190.00 242.50 4,650.04 15,765.00 49,962.87 7,755.61 13,240.47 15,893.28 2,351.15 20,325.51 4,323.24 9,525.09 28,854.51 55.00 15,178.60 2,063.90 1,616.54 37,138.91 13,185.74 10,540.11 256,184.38 9,712.35 522,754.80 5,931.83
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
2004 $
3,335.21 4,720.00 155.64 4,304.59 9,935.63 40,419.33 4,128.82 10,494.66 14,819.94 3,166.70 27,715.23 4,245.46 9,734.74 25,250.18 188.76 10,440.28 648.60 1,600.68 27,802.94 12,665.19 10,573.56 206,281.87 9,930.51 442,558.52 90,488.24
29
Annual Report 2004-2005
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 DIRECTORS' DECLARATION The directors have determined that the company is not a reporting entity and that this general purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to thefinancial statements. The directors of the company declare that: 1.
The financial statements and notes, as set out on pages 1 to 7 present fairly the company's financial position as at 30 June 2005 and its performance for the year ended on that date in accordance with the accounting policies described in Note 1 to the financial statements;
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.
30
Annual Report 2004-2005
INDEPENDENT AUDIT REPORT TO THE MEMBERS OF THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 Scope I have audited the attached financial report of The Peer Support Foundation Limited being the Directors' Declaration, Statement of Financial Performance, Statement of Financial Position, Statement of Cash Flows and Notes to the Financial Statements for the year ended 30 June 2005, as set out on the attached pages. The members of the Board are responsible for the financial report. I have conducted an independent audit of the financial report in order to express and opinion on it to the members of The Peer Support Foundation Limited. My audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance whether the financial report is free of material misstatement. My procedures included examination on a test basis, of evidence supporting the amounts and other disclosures in the financial report evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion whether, in all material respects, the financial report is presented fairly in accordance with the accounting policies and other mandatory professional reporting requirements and relevant statutory and other requirements in Australia, so as to present a view which is consistent with my understanding of the Foundation's financial position, the results of its financial performance and its cash flows. The audit opinion expressed in this report has been formed on the above basis. Audit Opinion Unqualified Audit Opinion In my opinion, the financial report presents fairly, in accordance with applicable Accounting Standards, other mandatory professional reporting requirements in Australia and the Funding and Performance Agreement with the NSW Health Department, the financial position of The Peer Support Foundation Limited as at 30th June 2005 and the results of its financial performance and its cash flows for the year then ended.
Liability limited by the Accountants Scheme, approved under the Professional Standards Act 1994 (NSW)
31
32
The Peer Support Foundation is dedicated to providing dynamic peer led programs which foster the physical, social and mental wellbeing of young people and their community
The Peer Support Foundation is a company limited by guarantee
Annual Report 2004-2005
2 Grosvenor Place Brookvale NSW 2100 Phone: 02 9905 3499 Fax: 02 9905 5134 Email: peeroz@peersupport.edu.au Web: peersupport.edu.au