ANNUAL REPORT 2005-2006
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 2005-2006
Table of Contents
Mission
Page 3
The Peer Support Foundation Team
Page 4
About the Peer Support Foundation
Page 5
Implementing the Peer Support Program
Page 5
How the Peer Support Program works
Page 6
Peer Support Modules for Primary Schools
Page 7
Peer Support Modules for Secondary Schools
Page 8
Major Achievements
Page 9
Future Directions
Page 10
Chairman’s Report
Page 11
General Manager’s Report
Page 12
Our Supporters
Page 13
Financial Reports
Page 14-27
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ANNUAL REPORT 2005-2006
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:
Elizabeth Campbell AM, BSc, TNDC
Chairman:
David A Stanton FIA
Honorary Directors: Phillip L Cox FCPA, Dip Comm James Dibble AM, MBE Brian Halstead BE (Chem), BEc, CPA George Livanes MA, LLB, BBus, FAPI Karel Wearne MA, DipEd (Deputy Chairman) Staff: (as at 30.6.06) Sharon Austin
General Manager
Kristin Bell
Training and Development Consultant (maternity leave)
Sharlene Chadwick Training and Development Manager Josie Gallagher
Training and Marketing Administrator
Col Harrison
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 2005-2006
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ANNUAL REPORT 2005-2006
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, values and antibullying. 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.
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ANNUAL REPORT 2005-2006
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 2005-2006
Peer Support Modules for Primary Schools 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. maintaining positive relationships. Key skills developed are:
Students will develop skills in
values critical thinking 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
Speaking Up This module focuses on developing understandings, attitudes, skills and strategies to address the issue of bullying in their school context. Key skills developed are:
decision making problem solving assertiveness empathy relationship building
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ANNUAL REPORT 2005-2006
Peer Support Modules for Secondary Schools 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
Working through Conflict This module is currently under development. This module will develop understandings, attitudes, strategies and skills to address the issue of bullying in their school context. Key skills developed are:
decision making problem solving empathy assertiveness relationship building conflict resolution
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ANNUAL REPORT 2005-2006
Major Achievements in 2005—2006 • • • •
• • • • •
Primary module Speaking Up published - this module was funded by the Australian Government Department of Science and Training Funding secured from Australian Government Department of Science and Training for redevelopment of secondary school anti-bullying module Funding secured from Australian Government Department of Science and Training for redevelopment of primary school module focusing on values Funding secured from the Australian Government Department of Health and Ageing to: • conduct a feasibility study relating to sustainability options for the Peer Support Foundation • participate in discussions regarding the future directions of the MindMatters program for secondary schools and the development of a national Primary Schools Mental Health Promotion, Prevention and Early Intervention Program • provide advice to the Department on the potential for incorporating ‘peer support’ type components into the MindMatters secondary schools program • investigate and implement strategies for enhancing the linkages between the activities of the Peer Support Foundation and other Australian Government initiatives Conceptual framework, concepts and key skills developed for secondary anti-bullying module Implementation of a Continuous Quality Improvement system and service development review Strategic planning development meeting took place and draft strategic plan developed Presented at National Coalition against Bullying Conference October 2005 Co hosted NSW Student Welfare and Personal Development Association’s conference - August 2006
•
Key Speaker at Hunter River Group Conference - May 2006 Presented to the Members of the Queensland Catholic Education Commission - May 2006
•
Presented at Townsville Values Education Day - April 2006
•
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ANNUAL REPORT 2005-2006
Future Directions •
Publication of a module for secondary schools focusing on anti-bullying
• •
Research and development of a module for primary schools focusing on values Secure funding for research and development of a module for secondary schools focusing on values
•
Review primary Building Connections and Being Positive modules
•
Review secondary Facing our Challenges module
•
Develop a flexible delivery package for SRC teacher training
•
Investigate electronic delivery and e learning technology Investigate partnerships to enable further research to be conducted focused on outcomes and efficacy of the Peer Support Program in primary schools Further develop strategic alliances with complementary organisations both intra and interstate Source funding in other states to promote and implement the Peer Support Program on a national basis Provide support to successful clusters in Values Education Good Practice Schools Project - Stage 2 Employ part-time consultant to support the evaluation and review of current modules and to pilot and trial marketing and promotional initiatives Further develop links with Australian Government initiatives including, but not limited to KidsMatter and MindMatters Continue to seek opportunities to increase the profile of the Peer Support Foundation Continue to develop links with external, not for profit organisations and educational sectors
• • • • • • • • •
Continue to make Government and Political links
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ANNUAL REPORT 2005-2006
Chairman’s Report It has been a very busy year for the Peer Support Foundation. Since I took over as Chairman from Brian Halstead at the 2005 Annual General Meeting, we have been involved in a strategic planning meeting, a quality review and a feasibility study for spreading the work of the Foundation outside NSW and the ACT. In all of these the great work done by Brian in conjunction with the staff of the Foundation over the last five years has been apparent. I would like to place on record my thanks to Brian for his leadership during his time as Chairman – he has set the bar high for his successors. As I took over as Chairman, the Peer Support Foundation had just started to implement a continuous quality review system, which necessitated the documentation of all our procedures. I was most impressed by the thoroughness of the process, one which greatly increased my understanding of how we operate and my appreciation of how well organized we are for a relatively small organisation. This process acted as an ideal induction program for a new Chairman! Many thanks to all staff and outgoing Chairman Brian Halstead for the part they played in preparing material for this review. All staff and directors were involved in a one day strategic planning session in December 2005, at which our plans for the next three years were discussed at length under the capable facilitation of Makis Chrysanthos. As a result of these deliberations, a slight change of direction has taken place, with an increased emphasis on taking the work of the Peer Support Foundation beyond New South Wales. This has been made possible by a grant from the Australian Government Department of Health and Ageing that funded a feasibility study, keeping the General Manager and me very busy over the last eight months. We have visited Queensland, Victoria, South Australia and Tasmania with a view to assessing possibilities for further development, and have decided to focus on Queensland and Tasmania at this stage. For many years now the Peer Support Program has been delivering programs to schools aimed at developing the resilience, optimism, connectedness, sense of self and decision-making abilities of young people. It is heartening to us to note that many Government initiatives are now supporting programs that develop these skills as a means of addressing issues such as safe schools, mental health, values education and suicide prevention. This match between what the Peer Support Foundation provides and what the Department of Health and Ageing and the Department of Education, Science and Training are trying to achieve has not only led to funding of program development and the feasibility study, it has also opened doors for us in discussions with state government departments. My first year as Chairman has been very busy and thoroughly enjoyable, made so by the support and hard work of the General Manager, Sharon Austin, and all staff members, and by the active support of all members of the board. As we start on a new year I believe that we are well placed to take advantage of an increasing demand for programs such as ours. Our mission “to provide dynamic peer led programs which foster the physical, mental and social wellbeing of young people and their community” has never been more appropriate than it is today.
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ANNUAL REPORT 2005-2006
General Manager’s Report This has been another productive year for the Peer Support Foundation with the development of a new primary school module with a focus on anti-bullying. This module was developed with funding provided by the Australian Government Department of Education, Science and Training, and was the first time that funding has ever been provided to the Peer Support Foundation from the Federal Government. The successful development of the module together with the proven outcomes of the Peer Support Program, resulted in a successful approach to Dr Brendan Nelson whilst Minister for Education, Science and Training. Dr Nelson agreed to further fund a secondary school module focusing on anti-bullying and a primary school module focusing on values. Both these areas have received a great deal of media attention in recent times. Discussions took place with Minister Abbott, Minister for Health and Ageing. That resulted in his department agreeing to fund a feasibility study to investigate ways of promoting and implementing the Peer Support Program in other Australian states, at the same time supporting the Australian Government in the future directions of the MindMatters program for secondary schools and the development of a national Primary School Mental Health Promotion, Prevention and Early Intervention Program. This exciting initiative has assisted the Peer Support Foundation to develop some very positive relationships. Our strategic planning meeting in December 2005 highlighted a willingness by staff and board to consider ways to strategically position the Peer Support Foundation to expand the program and make available to other states. Funding will be sought in the year ahead to facilitate this process. The meeting also demonstrated a readiness to develop a technological approach to some aspects of service delivery. I would like to take this opportunity to thank all staff and Board for their hard work and dedication in the implementation of a Continuous Quality Improvement System and also thank those stakeholders who participated in the service development review. The QMS Review team were very professional in conducting the review, and the experience was a positive, team building exercise for us all. Congratulations to our Training and Development Consultant, Kristin Bell and her husband on the birth of their daughter in October 2005. We look forward to Kristin returning to work late 2006. Finally I would like to say a personal thank-you to our new Chairman, David Stanton. A long serving Board member, David took over as Chairman in October 2005. David and I have worked together closely since that time and his support, time, sense of fun and wise counsel is very much appreciated.
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ANNUAL REPORT 2005-2006
Our Supporters The Peer Support Foundation thanks everyone who has supported us this year. Government, Corporate and Philanthropic Sponsors 2005-2006 Australian Government Department of Education, Science and Training Australian Government Department of Health and Ageing NSW Department of Health Catholic Church Insurances James N Kirby Foundation Leighton Holdings Perpetual Trustees Raymond E Purves Foundation United Way (Northern Beaches Youth Community Fund) Vincent Fairfax Family Foundation Woodend Pty Ltd Individual Supporters and Rotary Clubs Special thanks to Mr and Mrs John Phillips, Mrs Barbara Patterson, Mr John Spooner and the Rotary Club of Crows Nest and the Rotary Club of Burwood. Your continued support is much appreciated. Registered Clubs Many registered clubs throughout NSW and ACT kindly assist the Peer Support Foundation with donations through the Community Development and Support Expenditure (CDSE) scheme, complimentary room and equipment hire and catering. Members Our members are the lifeblood of the Peer Support Foundation. Thank you for your continued support.
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ANNUAL REPORT 2005-2006
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 2006. 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 2006. No contingent liability has become enforceable, or is likely to become enforceable before or on 30th June 2007 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 $178,326.09. 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 including AGM. David A Stanton FIA Chairman A subscriber to the formation of the company, Mr Stanton has served as a Director since its formation and was elected Chairman on 17 October 2005. He is Managing Director of David Stanton & Associates Pty Ltd. (Attended 6 Directors’ meetings and 1 AGM)
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ANNUAL REPORT 2005-2006
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 3 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 3 Directors’ meetings and 1 AGM) Brian Halstead BE, BEc,CPA Mr Halstead was appointed to the Board in 1999. He was elected Chairman on 16 October 2000 and served until David Stanton’s appointment on 17 October 2005. Prior to retirement he was Chairman of Freightcorp and a Director and Chief Financial Officer for Unilever in Australia and New Zealand. (Attended 6 Directors’ meetings and 1 AGM) 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 Piper Alderman. (Attended 4 Directors’ meetings and 1 AGM) Karel Wearne BA, DipEd, MA Deputy Chairman 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 3 Directors’ meetings and 1 AGM)
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ANNUAL REPORT 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2006 2006 $
2005 $
Profit from ordinary activities Profit from ordinary activities
178,326.09 178,326.09
5,931.83 5,931.83
Retained profits at the beginning of the financial year
246,892.40
240,960.57
Total available for appropriation Retained profits at the end of the financial year
425,218.49 425,218.49
246,892.40 246,892.40
Note
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 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 BALANCE SHEET AS AT 30 JUNE 2006 Note CURRENT ASSETS Cash assets Receivables Inventories Other assets
2 3 4 5
2006 $
2005 $
435,449.69 14,313.02 6,344.70 -
230,538.81 8,303.36 7,394.38 6,734.63
456,107.41
252,971.18
74,754.35 74,754.35
69,701.26 69,701.26
530,861.76
322,672.44
6,249.05 11,299.79 54.399.43 33,695.00
4,602.20 265.27 41,708.57 29,204.00
TOTAL CURRENT LIABILITIES
105,643.27
75,780.04
TOTAL LIABILITIES
105,643.27
75,780.04
NET ASSETS
425,218.49
246,892.40
425,218.49
246,892.40
425,218.49
246,892.40
TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant and equipment TOTAL NON-CURRENT ASSETS
6
TOTAL ASSETS CURRENT LIABILITIES Payables Interest bearing liabilities Provisions Other liabilities
EQUITY Retained profits TOTAL EQUITY
7 8 9 10
11
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 2005-2006
PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2006 2006 $ 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
2005 $
135,433.89 12,190.85 266,700.00 77,035.00 93,626.62 72,207.23 67,766.00 (578,029.54)
155,475.07 7,597.70 214,830.00 46,500.13 12,533.52 88,075.00 57,655.00 (631,458.75)
146,930.05
(48,792.33)
22,690.81 24,255.50
10,864.00 31,214.18
46,946.31
42,078.18
NET INCREASE / ( DECREASE ) IN CASH
193,876.36
(6,714.15)
Add cash at the beginning of the financial year CASH AT FINANCIAL YEAR END
230,173.54 424,049.90
236,887.69 230,173.54
REPRESENTED BY Cash at bank Term Deposit Cheque account Cash management account Premium business account Cash management account Business solutions account
312,384.18 55,301.84 134.41 67,529.26 (11.299.79)
-5,000.00 20,392.06 129,807.32 75,239.43 (265.27)
424,049.90
230,173.54
CASH FLOWS FROM INVESTMENT ACTIVITIES 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. This report is to be read in conjunction with the attached audit report.
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ANNUAL REPORT 2005-2006
PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2006 2006 $
2005 $
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO OPERATING PROFIT / ( LOSS) OPERATING PROFIT / ( LOSS )
178,326.09
5,931.83
Non Cash Profit and Loss Items Profit on sale of non current assets Auditors accrual Depreciation Other
1,110.92 5,000.00 13,561.00 (71,671.32)
2,253.37 4,190.00 15,765.00 ( 69,545.58)
( Increase ) / Decrease in Assets Trade debtors Accrued income Stock on hand
(6,009.66) 6,734.63 1,049.68
2,199.16 (6,734.63) (1,802.47)
3,600.00 1,178.37 891.00 5,330.45 7,360.41 468.48
(23,496.56) (908.05) 4,609.00 10,675.70 8,714.83 (643.93 )
Increase / ( Decrease ) in Liabilities Income in advance Trade creditors Accrued expenses Provision for long service leave Provision for annual leave Gst Payable NET CASH PROVIDED BY / ( USED BY ) OPERATING ACTIVITIES
146,930.05
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
(48,792.33)
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ANNUAL REPORT 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006 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 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006 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. 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 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006 2006 $
2005 $
2 Cash Assets Deposits Term Deposit Held Cash at Bank Cash at Bank Cash at Bank Cash at Bank
100.00 312,384.18 55,301.84 134.41 67,529.26 435,449.69
100.00 5,000.00 20,392.06 129,807.32 75,239.43 230,538.81
3 Receivables Current Trade Debtors Less Provision for Doubtful Debts
15,313.02 (1,000.00) 14,313.02
Other
8,080.61 (500.00) 7,580.61 722.75
4 Inventories Current Stock on Hand
14,313.02
8,303.36
6,344.70 6,344.70
7,394.38 7,394.38
5 Other Assets Current Accrued Income
6,734.63 6,834.63
6 Property, Plant and Equipment Motor Vehicles Less Accumulated Depreciation Office Furniture & Equipment Less Accumulated Depreciation Furniture & Fittings Less Accumulated Depreciation
88,589.48 (21,831.00) 66,758.48 21,299.33 (17,541.73) 3,757.60 12,946.34 (8,708.07) 4,238.27
These notes are to be read in conjunction with the attached audit report.
88,460.39 (25,862.00) 66,598.39 31,600.33 (27,519.73) 4,080.60 21,502.07 (18,479.80) 3,022.27
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ANNUAL REPORT 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2006 2006 $ Total Plant and Equipment Total Property, Plant and Equipment
2005 $
74,754.35 74,754.35
69,701.26 69,701.26
5,751.95 497.10 6,249.05
4,573.58 28.62 4,602.20
11,299.79 11,299.79
265.27 265.27
28,201.71 26,197.72 54,399.43
20,841.30 20,867.27 41,708.57
5,500.00 28,195.00 33,695.00
4,609.00 24,595.00 29,204.00
7 Payables Current Trade Creditors GST Payable 8 Interest Bearing Liabilities Current Cash at Bank
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
246,892.40 178,326.09 425,218.49
These notes are to be read in conjunction with the attached audit report.
240,960.57 5,931.83 246,892.40
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ANNUAL REPORT 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2006 2006 $ 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
2005 $
72,207.23 232,700.00 66,209.46 67,760.00 104,662.50 6,202.62 549,741.81
85,905.00 195,300.00 46,045.59 57,650.00 90,892.50 8,533.41 484,326.50
12,190.85 1,622.19 93,626.62 1,424.19 (313.27) 14,991.99 123,542.57 673,284.38
7,597.70 256.95 12,533.52 3,021.37 (768.00) 21,718.59 44,360.13 528,686.63
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 2005-2006
THE PEER SUPPORT FOUNDATION LIMITED A.B.N. 40 002 634 853 INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 JUNE 2006 2006 $ EXPENSES Advertising Auditor's Remuneration Bad Debts Provision Bank Charges Cleaning Computer Expenses Depreciation Discounts Allowed Employee's Expenses Fringe Benefits Tax Insurance Motor Vehicle Expenses Petty Cash & Sundries Expenditure Photocopier Service & Maintenance Postage Printing & Stationery Rent Expenses Repairs & Maintenance Professional Fees Staff Training & Welfare Subscriptions Superannuation Contributions Telephone Travel Expenses Wages Workshop Venue Costs Profit from ordinary activities before income tax
7,100.04 5,275.00 500.00 383.71 4,728.49 400.85 13,561.00 4,440.00 49,227.99 (113.46) 11,098.51 14,610.78 4,075.56 19,052.44 5,068.64 5,879.81 26,116.02 1,377.08 3,751.00 1,275.40 1,927.74 55,388.45 12,713.30 18,256.80 217,728.44 11,134.70 494,958.29 178,326.09
The accompanying notes form part of these financial statements. This report is to be read in conjunction with the attached audit report.
2005 $
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
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ANNUAL REPORT 2005-2006
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 the financial 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 2006 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.
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ANNUAL REPORT 2005-2006
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 2006, 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 2006 and the results of its financial performance and its cash flows for the year then ended.
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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
ANNUAL REPORT 2005-2006 The Peer Support Foundation is a company limited by guarantee
2 Grosvenor Place Brookvale NSW 2100 Phone: 02 9905 3499 Fax: 02 9905 5134 Email: peeroz@peersupport.edu.au Web: peersupport.edu.au