Contact Motivation Australia PO Box 17 Willunga SA 5172 Australia, +61 (0)8 8556 6703 [email protected]www.motivation.org.au Board Dr Lloyd Walker, David Constantine MBE, Deb Hartley, Dr Ruth Marshall, Chris Miller, Kylie Mines, Eric Russell MBE, Kerry Thomas Ambassador Kelly Vincent MLC The Motivation Australia Development Organisation inc. is an Incorporated Association in South Australia (A39386); and a committed member of ACFID and ACFID Code of Conduct Signatory. ABN: 55 935 512 893 Motivation Australia Development Organisation Incorporated ABN 55935512893 Financial Statements For the year ended 30 June 2015
Transcript
Contact Motivation Australia PO Box 17 Willunga SA 5172 Australia, +61 (0)8 8556 6703 [email protected] www.motivation.org.au Board Dr Lloyd Walker, David Constantine MBE, Deb Hartley, Dr Ruth Marshall, Chris Miller, Kylie Mines, Eric Russell MBE, Kerry Thomas Ambassador Kelly Vincent MLC The Motivation Australia Development Organisation inc. is an Incorporated Association in South Australia (A39386); and a committed member of ACFID and ACFID Code of Conduct Signatory. ABN: 55 935 512 893
Motivation Australia Development Organisation Incorporated ABN 55935512893
Financial Statements For the year ended 30 June 2015
Motivation Australia Development Organisation Inc ABN: 55 935 512 893 Table of contents
Page #
Committee's Report
1
Statement of Income and Expenditure
2
Statement of Financial Position
3
Table of Cash Movements
4
Notes to the Financial Statements
5
Report by Members of the Committee
10
Statement by Members of the Committee
11
Auditor’s Report
12
Motivation Australia Development Organisation Statement of Income and ExpenditureABN 55935512893 For the year ended 30 June 2015
Note 2015 ($) 2014 ($)INCOME
International Aid & Development
Donations and gifts
Monetary 2e 58,297 25,947 Non-monetary 2e 90,133 32,734
Bequests and Legacies - - Grants
DFAT 934,570 1,007,894 Other Australian Funders 40,000 - Overseas funders 12,929 134,455
Investment income 4 16,430 11,490 Other income 5 49,629 82,390 TOTAL INTERNATIONAL AID & DEVELOPMENT INCOME 1,201,988 1,294,910Domestic Aid & Development
Donations and gifts - - Bequests and Legacies - - Grants - - Investment income 4 - 23 Other income 5 10,061 4,163 TOTAL DOMESTIC AID & DEVELOPMENT INCOME 10,061 4,186TOTAL INCOME 1,212,049 1,299,096COST OF SALES 24,290 30,074GROSS INCOME 1,187,760 1,269,022EXPENDITURE
International Aid & Development
International Programs Expenditure
Funds to international programs 6 834,179 585,885 Program support costs 36,293 64,447
Community education 1,730 7,361 Fundraising costs
Public 25,326 3,238 Australian product sales 9,483 25,217 Government, multilateral and private 688 8,203
Accountability and Administration 7 55,737 64,862 Non-Monetary Expenditure 2e 90,133 32,688 TOTAL INTERNATIONAL AID & DEVELOPMENT PROGRAMS EXPENDITURE 1,053,569 791,901 Domestic Aid & Development
Domestic Programs Expenditure
Funds to domestic programs 5,145 1,663 Program support costs - -
Community education - 269 Fundraising costs - - Accountability and Administration - 180 Non-Monetary Expenditure 2e - 46 TOTAL DOMESTIC AID & DEVELOPMENT PROGRAMS EXPENDITURE 5,145 2,158 TOTAL EXPENDITURE 1,058,714 794,059 EXCESS / (SHORTFALL) OF INCOME OVER EXPENDITURE 129,046 474,963
During the financial year, Motivation Australia had no transactions in the International Political or
Religious Adherence Promotion programs category.
Motivation Australia Development Organisation Statement of Financial Position
ABN 55935512893 As at 30 June 2015
Notes 2015 ($) 2014 ($)
ASSETS
Current Assets
Cash and cash equivalents 8 1,107,039 960,629
Trade and other receivables 3,512 -
Inventories 7,161 4,209
Total Current Assets 1,117,713 964,838
Non-Current Assets
Total Non-Current Assets
TOTAL ASSETS 1,117,713 964,838
Current Liabilities
Trade and other payables 9 13,972 23,143
Borrowings
Current tax liabilities 10 87,065 40,144
Other financial liabilities (1,767) 18,265
Provisions 8,774 2,663
Total Current Liabilities 108,044 84,215
Non Current Liabilities
Total Non Current Liabilities
TOTAL LIABILITIES 108,044 84,215
NET ASSETS 1,009,669 880,623
EQUITY
Opening retained earnings 880,623 405,659
Excess of income over expenditure 129,046 474,964
for the year
TOTAL EQUITY 1,009,669 880,623
3
Motivation Australia Development Organisation Table of cash movements for designated purposes
ABN 55935512893 For the year ended 30 June 2015
INTERNATIONAL PROGRAMMES
ANCP - Fiji Peer to Peer 0 41,433 41,433 (0)
ANCP - Fiji UMP 0 44,384 44,407 (24)
ANCP - Fiji MDS 0 69,426 62,458 6,968
ANCP - Timor Leste Project Design 0 21,326 13,535 7,791
ANCP - Administration 0 15,000 14,988 12
Timor Leste - Wheelchair Programme 5,745 0 5,744 1
Vanuatu - Walking Aids 0 15,682 14,195 1,487
Vanuatu - Vanuatu Society for People with Diability Rebuild 0 15,450 10,886 4,564
Fiji - Wheelchair service training package - intermediate 0 3,747 3,742 5
Ethiopia - Wheelchair workshop & Women with Disabilities Development Association of Tigray 0 11,141 4,980 6,161Japan - Wheelchair Service Training Package dissemination (3,899) 3,068 191 (1,022)
TOTAL INTERNATIONAL PROGRAMMES 719,450 1,028,358 933,200 814,608
AUSTRALIAN PROGRAMMES
Northern Territory - Wheelchair service delivery training for clinicians (MJD Foundation) (1,404) 8,406 5,145 1,858
TOTAL AUSTRALIAN PROGRAMMES (1,404) 0 5,145 1,858
TOTAL FUNDS FOR DESIGNATED PURPOSE 718,046 1,028,358 938,344 816,466
NON DESIGNATED PURPOSE:
Australian sales: sports wheelchairs, wheelchairs, cushions 103,161 49,218 36,724 115,655
Other 189,953 209,593 158,326 241,220
Public Fundraising 7,427 46,707 25,326 28,807
Government Fundraising (12,718) 0 688 (13,406)
International Community Education (12,002) 0 1,730 (13,732)
Domestic Community Education 3,731 248 0 3,979
International Programme Support (36,968) 1,311 36,293 (71,950)
TOTAL FUNDS FOR NON DESIGNATED PURPOSES 242,583 307,077 259,087 290,573
TOTAL 960,629 1,335,436 1,197,431 1,107,039
Cash available at
end of financial
year
DESIGNATED PURPOSE:
Cash available at
beginning of
financial year
Cash raised
during financial
year
Cash disbursed
during financial
year
4
Motivation Australia Development Organisation NOTES TO THE FINANCIAL STATEMENTS
ABN 55935512893 For the year ended 30 June 2015
1 Corporate Information
Motivation Australia Development Organisation is an association incorporated in South Australia
under the Associations Incorporation Act (SA) 1985. The association is a tax exempt body and is registered for GST.
2 Summary of accounting policies
(a) Financial Reporting Framework
Motivation Australia Development Organisation is not a reporting entity because in the opinion of the board, there are unlikely to exist
users of the financial report who are unable to command the preparation of reports tailored so as to satisfy specifically all of their
information needs. Accordingly this 'Special Purpose Financial Report' has been prepared to satisfy the boards reporting requirements
under the Associations Incorporation Act (SA) 1985.
(b) Statement of compliance
These special purpose financial statements have been prepared in accordance with:
AASB 108 Accounting Polices, Changes in Accounting Estimates and Errors
AASB 124 Related Party Disclosures
(c ) Basis of preparation
These special purpose financial statements have been prepared in accordance with the requirements of the
South Australian Incorporations Act.
The financial statements have been prepared on an accruals basis.
Currency and rounding of amounts
The financial statements are presented in Australian dollars, which is the association's functional currency.
Amounts in the Financial Report have been rounded to the nearest dollar.
(d) Significant accounting judgements, estimates and assumptions
There are no significant accounting judgements, estimates, or assumptions in the enclosed financial statements
(e) Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to MA and the revenue
can be reliably measured.
Revenues are recognised net of the amounts of goods and services tax (GST)
Grant income
Grants received in advance from govermnet, trusts and foundations are recognised on receipt of the funding irrespective
of whether the related costs which they were intended to compensate will occur in future periods.
When grant revenue is received whereby the entity incurs an obligation to deliver economic value directly to the contributor, this is
considered a reciprocal transaction and the grant revenue is recognised in the statement of financial position as a liability until the
service has been delivered to the contributor, otherwise the grant is recognised as income on receipt.
Investment income
Investment income comprises interest income. Interest income is recognised as interest accrues.
Sale of goods
Revenue from the sale of goods is recognised when the risks and rewards are passed on to the buyer
The financial statements of Motivation Australia Development Organisation for the year ended 30 June 2015 were authorised for
issue in accordance with a resolution of the members of the Board of Governors on 20th October 2015.
5
Motivation Australia Development Organisation NOTES TO THE FINANCIAL STATEMENTS
ABN 55935512893 For the year ended 30 June 2015
2 Summary of accounting policies cont.
Revenue from Fundraising
Donations and gifts 2015 2014
Monetary: $ $
Monetary donations collected are recognised as revenue when cash is received. 58,297 25,947
Non-Monetary - Volunteer Input:
Non-Monetary Volunteer Input derives from volunteer services. The hourly rates used to calculate the non monetary benefit are
those recommended by the AusAID Enterprise Agreement 2011-2014.
Michael Arthur 32.04 1010 UMP ANCP 36.0 1,153.51 -
Michael Arthur 32.04 1010 UMP ANCP 54.0 1,730.26 -
Lisa Chaffey 32.04 1005 P2P ANCP 64.0 2,050.68 -
Tim Rushby Smith 32.04 1005 P2P ANCP 64.0 2,050.68 -
Fern Mines 25.08 1005 P2P ANCP 104.0 2,608.32 -
Camille Mewett 32.04 1275 SIMDES 124.0 3,973.20 -
Julian Silveri 32.04 1275 SIMDES 143.5 4,598.01 -
Ray Mines 50.00 1275 SIMDES 12.0 600.00 -
Laurie Gutteridge 25.08 5500 The Bookshelf 11.5 288.42
Kate Shortt 27.50 5500 02 W4W 8.0 220.00
Jodie Summer 39.32 5500 02 W4W 8.0 314.56
967.5 30,877$ 823$ -$
TOTAL Non-Monetary Volunteer Input: 31,699 16,322
TOTAL Non-Monetary Volunteer Input attributable to international programmes 30,877 14,461
TOTAL Non-Monetary Volunteer Input attributable to domestic programmes - -
TOTAL Non-Monetary Volunteer Input not attributable to international programmes 823 1861
TOTAL Non-Monetary Volunteer Input: 31,699 16,322
Non-Monetary - Gifts:
Non-Monetary Gifts attributable to international programmes
Samoa - prosthetic & orthotic equipment 41,923 -
Fiji - urinary management equipment 1,750 -
TOTAL Non-Monetary Gifts attributable to international programmes 43,673 1,651
TOTAL Non-Monetary Gifts attributable to domestic programmes - -
Non-Monetary Gifts not attributable to international programmes
Office Rent 6,619 6619
Broadband 720 720
Telephone 1,050 1050
Cleaning 1,092 1092
NetSuite computing business software 5,280 5280
TOTAL Non-Monetary Gifts not attributable to international programmes 14,761 14,761
TOTAL Non-Monetary Gifts 58,434 16,412
TOTAL Non-Monetary donations / expenditure 90,133 32,734
(f) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to this
category.
(g) Cash and cash equivalents
Cash in the balance sheet comprise cash at bank and on hand and short term deposits with an original maturity of three
months or less.
(h) Trade and other receivables
Trade and other receivables represent income committed to Motivation Australia before the end of the financial year
that is outstanding. These amounts are usually setteled in 30 days.
The carrying amount of the receivables is deemed to reflect fair value.
6
Motivation Australia Development Organisation NOTES TO THE FINANCIAL STATEMENTS
ABN 55935512893 For the year ended 30 June 2015
(i) Inventories
Inventories are held on the Statement of Financial Position at cost.
(j) Property, Plant and Equipment
There are no property, plant and equipment held by the entity
(k) Assets held for Sale
There are no Assets held for Sale on the Statement of Financial Position.
(l) Trade and other payables
Trade and other payables represent liabilities for goods and services provided to Motivation Australia
before the end of the financial year that are unpaid. These amounts are usually settled in 30 days.
The carrying amount of the creditors and payables is deemed to reflect fair value.
(m) Employee benefits
Employee benefits comprise wages and salaries, annual leave and contributions to superannuation plans.
Liabilities for wages and salaries expected to be settled within 12 months of the reporting date are
recognised in other payables in respect of employees’ services up to the reporting date. Liabilities for
annual leave in respect of employees’ services up to the reporting date that are expected to be settled
within 12 months after the end of the period in which the employees render the related services are
recognised in the provision for annual leave. Both liabilities are measured at the amounts expected to be
paid when the liabilities are settled and amounts expected to be settled after 12 months from the end of
the reporting period are discounted. Liabilities for non-accumulating sick leave are recognised when the
leave is taken and are measured at the rates paid or payable.
Superannuation contributions to certain defined contribution superannuation plans. Contributions are
recognised in the statement of profit or loss when they are due.
Motivation Australia has no obligation to pay further contributions to these plans if the plans do not hold sufficient
assets to pay all employee benefits relating to employee service in current and prior periods.
(n) Taxation
Income tax
The association is a charitable institution for the purpose of Australian taxation legislation and is therefore exempt from income tax.
This exemption has been confirmed by the Australian Taxation Office. The association holds deductible gift recipient (DGR) status and
overseas aid deductible gift receipient status (OADGR).
Goods and Services Tax (GST)
Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST is not recoverable from the
Australian Tax Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item
of the expense.
The net amount of GST recoverable from or payable to the Australian Taxation Office is included as part
of receivables or payables.
(o) Foreign currency translation
Transactions in foreign currencies are initially recorded by applying the exchange rates ruling at the date of the transactions.
(p) Comparatives
When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the
current year.
3 Related Party 2015 2014
$ $
During the year the association entered into employment contracts with the following related parties:
K Mines Secretary / CEO
R Mines Director of Design and Innovation
During the year the association entered into consulting contracts with the following related parties:L Walker Chairman of the Board of Governors / Consultant
Total compensation 177,125 155,655
7
Motivation Australia Development Organisation NOTES TO THE FINANCIAL STATEMENTS
ABN 55935512893 For the year ended 30 June 2015
4 Investment income 2015 2014
$ $
Interest - International Aid & Development Income 16,430 11,490
Interest - Domestic Aid & Development Income - 23
Total Investment income 16,430 11,513
5 Other income 2015 2014
$ $
International Aid & Development Income
Australian product sales
Motivation Direct Sports Wheelchairs 39,747 43,088
Cushions and spare parts 1,746 7,757
Wheelchair assembly - 150
Freight Received 7,725 18,431
49,218 69,426
Other
Training fees - 12,965
Cost recovery 411 -
411 12,965
Total International Aid & Development 49,629 82,390
Domestic Aid & Development Income
Training fees 9,965 -
Cost recovery 96 -
GST received - 4,163
Total Domestic Aid & Development 10,061 4,163
6 Funds to international programmes 2015 2014
$ $
ANCP - Fiji Peer to Peer 41,433 -
ANCP - Fiji UMP 44,407 -
ANCP - Fiji MDS 62,458 -
ANCP - Timor Leste Project Design 13,535 -
ANCP - Administration 14,988 -
Timor Leste - Wheelchair Programme - 11,503
Vanuatu - Feasibility - 95
Vanuatu - Walking Aids 14,195 -
Vanuatu - Vanuatu Society for People with Diability Rebuild 10,886 -
Fiji - Wheelchair service training package - intermediate 3,742 -
Ethiopia - Wheelchair workshop & Women with Disabilities Development Association of Tigray 4,980 -
Japan - Wheelchair Service Training Package dissemination 191 3,899
Kiribati - Interim Serivice Support - 1,904
Kiribati - Lower Leg Amputee training - 50,468
Asia - Assistive device survey - 23,674
Wheelchair Service Training Package Training Support - 10,044
Total funds to international programmes 834,179 585,885
8
Motivation Australia Development Organisation NOTES TO THE FINANCIAL STATEMENTS
ABN 55935512893 For the year ended 30 June 2015
7 Accountability and Administration
Accountability and Administration expenditure has been apportioned according to the following percentages:International Aid and Development Progams Expenditure (Incl Monetary & Non Monetary) 100% 99.70%
Domestic Programs Expenditure (Incl Monetary & Non Monetary) 0% 0.30%
2015 2014
$ $
International Aid and Development Progams Expenditure (Incl Monetary & Non Monetary)
Accounting & Audit Fees 5,030 3,022
Printing, postage & stationery 1,631 2,964
IT support 339 -
Registration/Membership 6,043 4,352
Workcover Premium 1,822 6,963
Bank fees 817 651
Information Comm Technology 1,049 -
Equipment Hire 67 -
Salaries and related costs 38,940 44,241
Insurance - 2,110
Interest - 83
Travel & accommodation - 240
Catering - 235
55,737 64,862
Domestic Programs Expenditure (Incl Monetary & Non Monetary) - 180
- 180
Total Accountability and Administration 55,737 65,042
8 Current assets - cash and cash equivalents 2015 2014
$ $
Cash on hand 2,270 4,966
Cash at bank 1,104,770 955,663
Total Current assets - cash and cash equivalents 1,107,039 960,629
9 Current liablities - trade and other payables 2015 2014
$ $
Trade payables 6,478 17,465
Other payables 7,494 5,677
Total Current liablities - trade and other payables 13,972 23,143
10 Current liablities - tax liabilities 2015 2014
$ $
BAS payable 75,082 35,289
PAYG Witholding payable 11,311 4,855
2014 GST adjustment 672
Total Current liablities - tax liabilities 87,065 40,144
2015 2014
11 Contracted commitments for the forthcoming year $ $Expenditure commitments contracted for:
924900 815,000
203000 186,000
Total Contracted commitments for the forthcoming year 1,127,900 1,001,000
Association Details
The principal place of business are: The registered office of the association is:
Motivation Australia Development Organisation Inc. Motivation Australia Development Organisation Inc.
8 Hakea Walk 8 Hakea Walk
Aldinga Aldinga
South Australia 5173 South Australia 5173
Restricted purpose - International program budgeted expenses
30 June 2015 together with the anticipated grant income during the year 2016. As per the accounting policy on grant revenue such grant
receipts are accounted as revenue in the year of receipt and is available for expenditure in the year in which such expenses are incurred.
