geelong food relief centre annual report · chief executive officer ceo personal assistant...

Geelong Food Relief Centre

ANNUAL REPORT 2016 - 2017

Established in 1990

Food aid for those in need

Geelong Food Relief Centre Inc. Annual Report 2016 - 2017

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MISSION STATEMENT: The Geelong Food Relief Centre Inc. is committed to providing the delivery of food aid services to disadvantaged members of the community throughout the Geelong region in a dignified and compassionate manner.

AIMS: To provide a major food resource for the region’s welfare agencies, which will ensure an ongoing availability of food products to meet increasing welfare needs. To promote the Geelong Food Relief Centre and its role within the Greater Geelong Community. To ensure that all member agencies have fair and equitable access to food relief supplies. To provide a dignified and respectful environment that supports positive self-image and respect. To aspire to be a leader in the community in assisting the disadvantaged in our region. To provide an educational environment to assist community members in nutrition and food preparation. To be a skills based, educational environment for our volunteers. INDEX: Summary ………………………………………………………………………………………………………………... Page 3 GFRC Statistics …………………………………………………………………………………………………………. Page ? Sample Vouchers………………………………………………………………………………………………………. Page 4 Chairman’s Report……………………………………….................................................................................. Page 5-6 Working in the Community………………………………………………………………………………………… Page 7 Making it happen… Thank you……………………………………………………………………………………. Page 8 Client Stories……………………………………………………………………………………………………….... Page 9 -10 Committee’s Report………………………………………………………………………………………………… Page 11 Statement of Comprehensive Income…………………………………………………………………… Page 12-13 Statement of Financial Position…………………………………………………………………………………. Page 14 Statement of Cash Flow……………………………………………………………………………………………... Page 15 Statement of Accounting Policies………………………………………………………………………… Page 16-17 Statement by the Members of the Committee…………………………………………………………… Page 18 Photos of the Mini Mart…………………………………………………………………………………………… Page 19 Supported by: COVER PHOTO: Front- New GFRC refrigerated van purchased with funds raised by students at Geelong Grammar

Rear- Little Smythe Street receiving fresh vegetables from Marngoneet Correctional Centre


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Summary: OUR STRUCTURE: Endorsed charity Donations tax deductible Committee of Management Chief Executive Officer CEO Personal Assistant Administrative Assistant Approximately 90 volunteers THE NUMBERS (2016 - 2017):

2.1% v 2015/16 12, 416 families directly used the centre 5.8% v 2015/16 34, 644 people assisted*

47.7% from 2015/16 633, 977 meals** 57.4% v 2015/16 382, 699kg of food distributed via mini marts

92, 784kg of food distributed via our Bulk Distribution Centre 17.8% v 2015/16

17.6% from 2015/16 $1, 285 868 value of groceries distributed*** 12.65% from 2015/16 $186,949 cost of groceries purchased

$1, 000, 288 value of groceries donated and food rescued 12.04% from 2015/16 *Excluding bulk distribution ** 1 meal = 750g *** Average 1kg = $3.36

2016/17 2015/16 2014/15 Wholesale/Retail

Totals

Kilos: 475, 483 321, 796 221, 228 Meals: 633, 977 429, 062 294, 970 2013/14 2012/13 2011/12 Kilos: 212,378 190, 290 189, 292 Meals: 283,170 253, 720 252, 389 All figures have been collated and prepared by volunteers and totals are approximate based on the best available knowledge at the time. Calculations on meal and value equivalents are based on industry trends and statistics as per Foodbank Victoria and GFRC information.


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SAMPLE VOUCHERS

20 Point Voucher Agency Cost $20.00 Retail Value $112.61

Green Points (5) Fruit and Vegetables $36.32 Bread (2 Loaves + Fruit loaf + English Muffins) $9.15 Lazuppa Soup $4.30 Rolled Oats $3.50 Gippsland Yoghurt x4 $12.55

Coloured Points (15) Fresh Milk (2 Litres) $2.00 Baked Beans $1.30 Sausages (8 pack) $4.91 Paper Towel $3.85 Flour $2.35 Pasta x2 $3.60 Tinned Spaghetti $1.30 Sunflower Spread $3.00 Tuna $4.40 Vitabrits $5.06 Frozen Meals (up to 3) Vegetable Dahl $5.00 Spicy Pork $5.00 Quiche $5.00

TOTAL:

$112.61

40 Point Voucher Agency Cost $40.00 Retail Value $175.94

Green Points (10) Fruit and Vegetables x2 $58.82 Bread (2 Loaves + Fruit loaf + English Muffins) $9.15 Latina Fresh Pasta & Latina Sauce $13.00 Heinz Soup of the Day $4.28 Spaghetti (dry) $1.80 Vogel Cereal $5.50 Tuna with Biscuits $3.69 SPC Fruit Cups x2 $4.60 Butter Beans $1.76

Coloured Points (30) Cheese Slices $7.10 Mince (500g) $7.00 Noodle Cups x2 $1.50 Laundry Powder (1kg) $7.00 Eggs (dozen) $4.90 Rice (2kg) $5.00 Shampoo $6.04 Conditioner $6.04 Pasta Sauce $4.13 UHT Milk $2.20 Dry/Savoury Biscuits $3.30 Frozen Peas, Carrot, Corn mix $5.50 Strawberry Jam $4.40 Frozen Meals (up to 3) Vegetable Butter Chickpea Curry $5.00 Spinach and Cheese Angolotti Pasta $5.00 Sausage Rolls $5.00

TOTAL:

$175.94

CHAIRMAN'S REPORT: It is again pleasing to report that our organisation has continued to grow strongly and cater for the need of emergency food relief within the Greater Geelong Region. Over the past yein

of to

keeps

major changes at our Freedman St operation with the installation of an additional

Analysis conducted on June 28, 2017 Please note products may change from day-to-day based on seasonal availability and prices may change accordingly.

Geelong Food Relief Centre Inc. Annual Report 2016

CHAIRMAN'S REPORT: It is again pleasing to report that our organisation has continued to grow strongly and cater for the need of

food relief within the Greater Geelong Region. Over the past year we have seen a growth of 12.9voucher redemption and huge grown of 17.8% in bulk distributions to our welfare partners. The most pleasing features of our service is the value that our when shopping with us. $1,000,288 of groceries were distributed via our minimarts in 2016/17.

Our CEO, Collin Peebles has continued to be a keen, committed, diligent, and competent leader of our organisation. His dedicated approach has contributed toward the overall growth we have witnessed and in addition to this we have been able to inject over worth of capital assets into GFRC

The Lt Smythe Street minimart has now operated for over two years and is trading strongly, doing about 50% that at Freedman St. Volunteer numbers have increased four to five daily in order to assist those i

keeps an excellent watchful eye on its operation and food supplies are now transferred our Smythe St minimart daily. Throughout the year we have we have seen

major changes at our Freedman St operation with the installation of an additional walk

e Inc. Annual Report 2016 - 2017

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It is again pleasing to report that our organisation has continued to grow strongly and cater for the need of ar we have seen a growth of 12.9%

voucher redemption and huge grown of 17.8% in bulk distributions to our welfare partners. The most pleasing features of our service is the value that our clients obtain when shopping with us. $1,000,288 of groceries were distributed via our minimarts in 2016/17.

Our CEO, Collin Peebles has continued to be a keen, committed, diligent, and competent leader of our organisation. His dedicated approach has contributed toward the overall growth we have witnessed and in

have been able to inject over $80,000 worth of capital assets into GFRC

The Lt Smythe Street minimart has now operated for over two years and is trading strongly, doing about 50% that at Freedman St. Volunteer numbers have increased four to five daily in order to assist those in need. Collin

an excellent watchful eye on its operation and food supplies are now transferred our Smythe St

Throughout the year we have we have seen walk-in cool room and a


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walk-in freezer which have proven to be excellent assets. They have alleviated the need for the old chest freezers which were very inefficient. In October, we were very fortunate to be the recipient of the Geelong Run 160 which is the Geelong Grammars major annual community fundraiser from which we received close to $65,000. Funds received from this event were immediately directed towards the purchase of a new refrigerated van. Geelong Grammar students were thrilled to see the benefits of their efforts when we took the van out to the Grammar. 2016/17 GRANTS: We have received various grants throughout the year and for this we are extremely grateful. Give Where You Live are a constant, and much needed supporter, who have provided $35,000 in grants this year. Geelong Community Foundation again provided $30,000 to further assist us with the development of our new outlet in Geelong Central. Geelong Connected Communities (Bendigo Bank) provided $10,000 to assist with the purchase of our new walk in freezer. TAC Geelong continues to contribute $5,250 to assist with our Support Programs. Kiwanis Geelong also continues to provide support by arranging bulk food purchases from SPC in Shepparton on a one for one basis. This year they provided $5,000 towards a total purchase of $10,000. To all of the above we express our SINCERE THANKS. BOARD OF MANAGEMENT: This year has seen some changes to our Board. In June Patti O’Donnell retired from the Board after 8 years as Secretary. The Board gathered for drinks to thank Patti for her excellent, efficient and dedicated service to the GFRC Board during her time. Jess Sharp left on maternity leave, Nayna Purchase transferred in her occupation and John Loughnan retired in May. We have been very pleased to welcome in bound directors Jess Robinson, Alan Hurley and Maurie Anglin. VOLUNTEERS: Special thanks must go to our dedicated and hardworking volunteers whose numbers have risen from around 70 in 2015/16 to over 90 currently due to the additional workloads and the increase in demand for emergency food relief. Without you we would not be able to operate. From our drivers to admin staff, from those serving on the counter and working in the warehouse and our inhouse chef Dean, I acknowledge your energy, co-operation, willingness to do ‘that bit extra’ when required, and the respect and assistance that you provide to our operation and most importantly our clients. AGAIN, my heartfelt thanks go to you ALL. SUPPORTERS: As in past years we continue to have great support from many groups and individuals in the community. Special comment needs to be made regarding our relationship with Aldi who assist us with the provision of fruit and vegetables on a daily basis. Rescued foods are then sorted by our volunteers and are then provided to our clients.


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Foodbank Victoria continues to be an excellent source of a wide variety of food products. It is pleasing to have a close relationship with this organisation. Margoneet Correction Centre provides vegetables from their garden on a weekly basis. Fareshare Victoria cooked meals are provided to clients at no cost and proves to be very popular. Many other groups and individuals donate food supplies on a regular basis but special mention needs to be made of the Toucan Appeal held by many schools in August. Close to six tons of food was collected this year. A great result and THANKS YOU ALL. In conclusion, I would like to pay special thanks to our Chief Executive Officer, Collin Peebles, for his professional manner, commitment, cooperation, communication, and enthusiasm. We have certainly seen the results of his work in all aspects of our operation. Again, many thanks Collin. To our Board, I have been honoured to lead you over the past year and look forward to the time ahead. There are challenges ahead, with the completion of a new business plan, which will be a priority, along with the need to assess appropriate locations for our continuing and expanding operation. It has been a pleasure to have been Chair of our voluntary organisation and thank you to everyone I have worked with over the year for your support and cooperation. Ross Stephens Chairperson Geelong Food Relief Centre Inc.


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WORKING IN THE COMMUNITY We have been proud to help many welfare organisations, schools, community meal programs, small food pantries and other food rescue programs, who like us, work hard to help those in need. This year’s in excess of 92,000kg of food, personal hygiene products and household cleaning products distributed the following organisations.

Barwon Valley School Oberon South Primary School Bethany Community Support Portarlington Food Bank COGG Community Child Health Salvation Army Northside Deakin University Waterfront Salvation Army Bellarine Diversitat SecondBite Drysdale Community Church Spare Meals Geelong Drysdale Family Support St. Aloysius Primary School Queenscliff First Response Geelong Inc. St. Andrews Norlane Foodshare Foodskill 2 & 5 St. Thomas Primary School Geelong Community Share Kitchen St. Vincent de Paul Bell Park Geelong East Primary School St. Vincent de Paul Belmont Geelong Inclusive LTD (Cara) St. Vincent de Paul Corio/Lara Glastonbury Community Services St. Vincent de Paul Drysdale Conference Grovedale Primary School St. Vincent de Paul Fyans Street Grovedale Secondary College St. Vincent de Paul Geelong Conference Lara Community Kitchen St. Vincent de Paul Geelong Regional Council Lara Food Relief St. Vincent de Paul Geelong West Manifold Heights Baptist Church Food Service St. Vincent de Paul Manifold Heights Minerva Community Services Inc. St. Vincent de Paul Meredith Nelson Park School St. Vincent de Paul Ocean Grove Newcomb Park Primary School St. Vincent de Paul Norlane Norlane Community Centre Inc. St. Vincent de Paul Torquay North Geelong Secondary College Tate Street Primary School Northern Bay College - Connect The Bridge Northern Bay College - Goldworthy Time for Youth Northern Bay College - Tallis Torquay Food Aid Northern Bay College - Peacock Uniting Geelong Northern Bay College - Vermont Urban Seed Norlane Northern Bay College - Wexford Wathaurong Aboriginal Co-operative Whittington Primary School


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MAKING IT HAPPEN……. THANK YOU!! VOLUNTEERS: Our dedicated team of volunteers provides the “people power” to keep the Centre up and running 5 days a week. The Food Rescue Program sees four drivers leaving at 8am daily to collect fruit, vegetables and bread, in readiness for 10am opening. Throughout the day, our volunteers work constantly so our clients find a well-stocked, clean “shop” and are made to feel welcome when they walk into either Centre. This adds up to about 16,000 hours a year. It is often said, but well worth repeating, without their help the Geelong Food Relief Centre would not operate We would also like to acknowledge the following donors, who have helped to make all of this possible

FINANCIAL DONORS: Feed Geelong Campaign $5,000 Frank Walker $5,000 Geelong Community Foundation $30,000 Geelong Connected Communities $10,000 Give Where You Live $30,000 Kiwanis Club of Geelong $5,000 Rotary Club of Geelong $3,500 TAC $5,000

FOOD DONORS: The great value we provide to our clients is all due to the generous supply of healthy and nutritious received from the donors listed below Bakeries Goodman Fielder Routley’s Born and Bread Weisers Supermarkets Aldi Belmont Aldi Corio Aldi Drysdale Aldi Grovedale Aldi Highton Aldi Leopold Aldi Newcomb Aldi West Geelong Wholesalers Glyn Harvey Happy Hens Meredith Partners Foodbank Victoria Second Bite Fareshare Community Marngoneet Correctional Centre Barwon Prison Deakin University - Waurn Ponds & Waterfront Campus 95 Regional Schools – Toucan Appeal Geelong Regional Library OTHER ASSISTANCE These businesses have provided much valued, pro bono services to the Geelong Food Relief Centre. Print Design Australia Bellarine & Westcoast Refrigeration R&L Signs


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Client Stories

Talisa

Talisa, a 27-year old lady recently visited our CBD minimart at Lt Smythe St with her partner Ash (24). Prior to seeking our

services she was living at home in WA with her parents before becoming pregnant and deciding to relocate to Victoria.

She is very thankful and appreciative of our centre as it helps her family “get by”. We are able to provide her with everything she needs to make meals, as well as side dishes to accompany meals and her favourite fresh fruit, which is costly to purchase at the

supermarket and they normally go without.

She had the fantastic idea of offering a lucky dip at the front counter for children to help keep them occupied whilst parents

are shopping so they are better able to concentrate on items that are needed.

Tiff

Tiff is a 47-year old woman who has been visiting our North Geelong operation for the past 2-3 years and obtains her

vouchers from St Vincent de Paul.

Tiff commends our volunteers for always being friendly and welcoming. She loves that she is not demoralised or judged in any way for needing to use our services to get food, this

was genuine concern for her, stated she was fearful to begin with but now enjoys coming to visit. Since the family tax

benefit has been cut she has found it increasing difficult to pay all the bills and other living expenses. Thanks to us we

have made it possible to manage things while providing nutritious food and an abundance of fresh fruit and

vegetables.

Melissa “Mel”

Melissa is a 30-year old single mother of two children, and has been using our services since 2015.

She loves coming to the food bank as it gives her peace of mind that she is able to put food on the table and provide

fresh fruit and vegetables for the kids especially when bills and other expenses are high.

Melissa gave us high praise stating how friendly and non-

judgmental all the volunteers were, also commenting that we were her “saviours”. She is able to get all the necessities, fill the freezer with bread and loves our variety of products and ever changing range of green point items. It is always a fun

surprise to see what we have.


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Hamish

Hamish is a 50-year old male who on first ask was hesitant to take our survey but after some time willingly agreed and had an interesting story to tell. I laughed when asking his name as

he answered with “do you want my real one”. He currently has no fixed address and use to be a taxi driver in Tasmania for 3 years. This is Hamish’s 2nd time visiting our centre located at

Lt Smythe St (Geelong CBD).

He says that our centre is very important and the demand for our services will only increase, things are getting worse instead of better. He does wish that job agencies could do more to help

in the way of getting one employment. He loves all the volunteers and is grateful that they give up their free time to

help others in need. Also commends the welfare agencies and is thankful to be able to access it. Hamish kindly gave give us a list of items that we don’t currently stock which he and others

in a similar situation would find useful.

Jamie and Belinda

Belinda is a 32-year old female pictured with her partner Jamie who is a 39-year old male who have been coming to

our North Geelong operation since May 2016.

This bright, smiling couple is always a pleasure to have visit, and are more than happy to have a conversation with any of

our volunteers whether it be while shopping or at the checkout. Prior to coming to GFRC they were living in

another region.

Their favourite thing is the wide variety of items and fresh produce; they also enjoy sampling the different fareshare meals available. Having our service available has helped relieve some of the financial pressure and gives them the

opportunity to source healthy food for their children which they would normally go without due to being costly to

purchase at a supermarket.

Kylie

Kylie is a 36-year old woman pictured with her daughter Mayci (2) who was a little camera shy and mother Kim (59). She is a single mum of 4 children and with the cost of rent

rising it has been a struggle to keep on top of things.

She is grateful to be able to utilise our services and it is a big help when she cannot afford food, she does not want the

children to go without. Again, has high praise for all those who volunteer and says how friendly and warm we all are.

She likes our range of products and is thankful that we offer other items outside of food, for example cleaning supplies and toiletries, and she was relieved to find that we stocked nappies as she had run out and it was a large expense that

we were able to take care for her.

With thanks to Melissa, Talisa, Tiff, Belinda, Jamie, Hamish and Kylie for sharing their stories, and

Give Where You Live for your ongoing support of the Geelong Food Relief Centre (GFRC).


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COMMITTEE'S REPORT: FOR THE YEAR ENDED 30TH JUNE 2017 Your committee members submit the financial report of the Geelong Food Relief Centre Inc. for the

financial year ended 30th June 2017

The Committee Members

The names of the committee of Management in office at the date of this report are:

Ross Stephens (Chairman) Rob O’Neill John Loughnan (Deputy Chairman) Jessica Robertson Norm Phillips (Treasurer) John McCarthy (Co-opted) Joyce Pan (Secretary) Aubrey Anderson (Co-opted) Graeme Daws Iris Speare (Co-opted) Collin Peebles (CEO)

Principle Activities of the Association

The bulk distribution of goods through a network of agencies in Geelong via the Mini Mart and Bulk Distribution Service.

The Mini Mart is a co-operative venture involving a range of welfare providers

who purchase vouchers from GFRC to distribute to their clients. GFRC purchases supplies and collects donations, which can be accessed by using the vouchers. The Bulk Distribution Service provides large quantities of food, sourced from Foodbank Victoria and other suppliers, to a range of agencies for direct distribution to their clients. The Schools Assistance Program provides Emergency Food Boxes and breakfast supplies to selected schools in the region

Operating Result The operating result for 2016/17 is a profit of ???? Review of Operations The operating result is satisfactory for the organisation State of Affairs In the opinion of the committee there has been no significant change in the

associations state of affairs that occurred during the financial year Events of Subsequent to Balance Date

The Committee is not aware of any matter or circumstances not otherwise dealt with in the report or accounts that has significantly or may significantly affect the operation, the result of those operations or the state of affairs of the association in the subsequent financial years

Board Member’s Benefits

No Committee Member of the Association has received or become entitled to receive benefit by reason of a contract made by the Association with a Committee Member or with a firm of which he/she is a member or with a company/business in which he/she has substantial financial interest

Indemnifying and Insurance of Committee Members

Liability Insurance – to indemnify Committee Members of the Association against third party claims for wrongful acts. This includes actual or alleged breach of duty, breach of trust, neglect, error, misstatement, misleading statement, omissions, breaches or warranty or authority, or other acts wrongfully committed.

Liability Insurance – to indemnify Committee Members of the Association against third party claims for wrongful acts. This includes actual or alleged breach of duty, breach of trust, neglect, error, misstatement, misleading statement, omissions, breaches or warranty or authority, or other acts wrongfully committed.


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Geelong Food Relief Centre Inc

STATEMENT OF COMPREHENSIVE INCOMEFOR THE YEAR ENDED 30TH JUNE 2017

SALES Notes 2017 2016GFRC Food Vouchers 271,576.39 225,945.00Give Where You Live Food Vouchers 67,600.00 69,040.00Membership Subs 525.00 366.56Warehouse/Freight 0.00 305.30

339,701.39 295,656.86LESS: COST OF GOODS SOLDOpening Stock 22,509.00 18,330.00Foodbank Vic Purchases 7,767.90 3,231.08Mini Mart Purchases 179,230.59 163,255.25Packaging Expenses 3,537.09 4,060.86Closing Stock -16,005.00 -22,509.00

197,039.58 166,368.19GROSS PROFIT FROM TRADING 142,661.81 129,288.67

OTHER INCOMEGrants - Give Where You Live 30,000.00 30,000.00Grants - Specified 46,250.00 31,500.00Donations - General 26,975.01 16,283.57Interest on Term Deposits 3,296.93 3,563.32Employment Contributions 4,909.08 2,072.72Profit(Loss) on sale of assets

111,431.02 83,419.61TOTAL INCOME 254,092.83 212,708.28

EXPENDITUREAdministration 8,068.01 2,290.64Bank Charges 147.00 36.48Cleaning and Materials 1,302.71 1,146.48Depreciation 28,171.57 17,697.28Audit Fees 2,000.00 2,000.00Insurance(Property/Volunteer) 4,034.65 3,346.94Minor Equipment 10,360.79 324.91Miscellaneous 810.79 195.05Motor Vehicle Expenses 14,389.12 10,140.56Postage, Printing and Stationary 9,666.95 7,835.58Fund Raising 224.03 880.00Rates 4,830.25 6,019.79Registration Fees 127.00 275.67Rent 42,954.78 41,160.00Repairs and Maintenance 6,251.19 2,159.64Salaries and Oncosts 88,460.34 88,773.61Staff Amenities & Training 402.08 3,095.73Travelling Expenses 2,658.91 0.00Uniforms 4,582.91 1,134.00


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Water, Electricity & Telephones 14,223.70 18,595.87Waste Collection 1,063.78 1,237.19Loss on Sale of Motor Vehicle 0.00 0.00

244,730.56 208,345.42

PROFIT AND LOSS BEFORE CAPITAL INCOME 9,362.27 4,362.86

Capital Donation GoFund Lorne 160 Note 2 64,750.23 0.00

PROFIT(LOSS) BEFORE INCOME TAX 74,112.50 4,362.86Income Tax Expense 0.00 0.00PROFIT(LOSS) AFTER INCOME TAX 74,112.50 4,362.86

TOTAL COMPREHENSIVE INCOME 74,112.50 4,362.86


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GEELONG FOOD RELIEF CENTRE INC.STATEMENT OF FINANCIAL POSITION

TRUST FUNDS 2017 2016

Accumulated Profits(Losses) Brought Forward $310,969.22 $307,305.81Profit Loss For Year $80,648.81 $3,663.41TOTAL TRUST FUNDS $391,618.03 $310,969.22

Represented By

CURRENT ASSETSPetty Cash $573.85 $774.55Trade Debtors $30,176.47 $32,250.00Cash at Bank $69,130.82 $64,726.37Provision for Future Operating Expenses $64,003.59 $62,585.19Provision for Capital Purchases $85,263.32 $83,384.79Stock on Hand $16,005.00 $22,509.00Other $0.00 $265,153.05 $0.00 $266,229.90

FIXED ASSETSPlant & Equipment $149,730.63 $121,903.33Less: Accumulated depreciation -$63,268.12 $86,462.51 -$52,181.07 $69,722.26

Office Equipment $6,134.72 $4,347.38Less: Accumulated Depreciation -$2,663.60 $3,471.12 -$2,257.82 $2,089.56

Motor Vehicles $148,372.39 $108,619.74Less: Accumulated Depreciation -$79,577.18 $68,795.21 -$73,702.88 $34,916.86

TOTAL ASSETS $423,881.89 $372,958.58

CURRENT LIABILITIESTrade Creditors $654.89 $6,969.02Unearned Income $32,555.85 $15,500.00Other Current Liabilities $0.00 $1,995.47Accrued Expense $0.00 $0.00GST Paid (Net) -$1,933.27 -$890.91Provision for Holiday Pay $3,500.09 $2,299.99PAYG Withholding Payable $906.00 $912.00CreditCard Clearing Account $1,424.67 $0.00Salary Deductions Clearing Account $612.49 $0.00Unredeemed Voucher Reserve $380.00 $38,100.72 $380.00 $27,165.57

NET ASSETS $385,781.17 $345,793.01


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GEELONG FOOD RELIEF CENTRE INCCASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2016

Notes 2017 2016OPERATING ACTIVITIES

Cash from Operating Activities

Receipts from customers 156,236 293,262 Payments to Suppliers & Employees (235,800) (326,856) Donations Received 22,940 16,284 Grant Receipts 141,000 61,500

Net cash flows from Operating Activities 84,376 44,190

Cash from Investing Activities

Fixed Assets Purchased (80,172) (26,564) Tranfered to Term Deposit Bendigo Bank Acc 130882152 - - Proceeds from sale of motor vehicle - - Net cash flows from Investing Activities (80,172) (26,564)

Increase(Decrease) in cash held 4,204 17,626 Cash at Beginning 65,501 47,875

Cash at End 69,705 65,501


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GEELONG FOOD RELIEF CENTRE INC. Notes to the Financial Statements for the year ended 30th June 2017 Note 1: Statement of Significant Accounting Policies This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Association Incorporations Reform Act 2012 Victoria as a tier 2 association. The Committee has determined that the association is not a reporting entity. The association is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards. The following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

(a) Accrual Basis 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. (b) Income Tax The Association has self assessed to be exempt from income under Subdivision 50-B of the ITAA 1997.. (c) Fixed Assets The depreciation amount of all fixed assets are depreciated on a diminishing value basis The carrying amount of fixed assets is reviewed annually by the Committee to ensure it is not in excess of the recoverable amount of those assets The depreciation rates for each class of depreciable assets are:

Class of Fixed Asset Depreciation Rate Plant and Equipment 12.50% DV Office Furniture and Equipment 33.33% DV Motor Vehicles 22.50% DV (d) Property, Plant and Equipment (PPE) Leasehold improvements and office equipment are carried at cost less, where applicable, any accumulated depreciation. The depreciable amount of all PPE is depreciated over the useful lives of the assets to the association commencing from the time the asset is held ready for use. Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements.

(e) Impairing of Assets At each reporting date, the entity review the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and value in use, is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is expensed to the income statement. (f) Provisions Provisions are recognized when the company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions are measured at the best estimate of the amounts required to settle the obligation at reporting date.


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Note 1: Statement of Significant Accounting Policies (cont’d)

(g) Cash and Cash Equivalents Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other short-term highly liquid investments with original maturities of three months or less.

(h) Revenue and Other Income Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognizing revenue. Interest revenue is recognized using the effective interest rate method, which for floating rate financial assets is the rate inherent in the instrument. Dividend revenue is recognized when the right to receive a dividend has been established. Grant and donation income is recognized when the entity obtains control over the funds which is generally at the time of receipt. All revenue is stated net of the amount of goods and services tax. (GST) (i) Goods and Services Tax Revenues, expenses and assets are recognized net of the amount of GST, except where the amount is not recoverable from the Tax Office. In these circumstances the GST is recognized as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown inclusive of GST.

Note 2: Capital Donation The one off Capital Donation received from the GoFund Geelong 2016 campaign was used to purchase the following Capital Assets: Renault Refrigerated Van $50,207.09 Cool Room Freedman Street $20,852.00 Total $71,059.00

Geelong Food Relief Centre Inc. Annual Report 2016 e Inc. Annual Report 2016 - 2017

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PHOTO: Dairy and Frozen food display

PHOTO: Shelves full of a variety of products including household clean and sanitary items

8 Freedman Street, North Geelong Phone: (03) 5278 6588 1 Little Smythe Street, Geelong Phone: 0429 891 465 www.geelongfoodrelief.org “Like” us on Facebook – Geelong Food Relief Centre

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geelong food relief centre annual report · chief executive officer ceo personal assistant...

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