ACFID compliance
Australian Red Cross is a signatory to the Australian Council for International Aid and Development (ACFID) Code of Conduct and is committed to full adherence to its requirements. The Code aims to improve international development outcomes and increase stakeholder trust by enhancing the transparency and accountability of signatory organisations.
The ACFID Code of Conduct offers a mechanism to address concerns relating to signatories’ conduct. Complaints against Australian Red Cross may be initiated by any member of the public and lodged with the ACFID Code of Conduct Committee at acfid.asn.au/code-of-conduct/complaints or for further information on the ACFID Code please see ACFID website acfid.asn.au.
Income Statement
for the financial year ended 30 June 2015
|
Humanitarian Services |
Society |
Humanitarian Services |
Society |
|
|
2015 |
2015 |
2014 |
2014 |
|
|
$'000 |
$'000 |
$'000 |
$’000 |
|
|
REVENUE |
||||
|
Donations and gifts 1 |
93,123 |
93,123 |
82,131 |
82,131 |
|
Legacies and bequests |
13,670 |
13,670 |
15,507 |
15,507 |
|
Grants |
||||
|
24,031 |
24,031 |
22,789 |
22,789 |
|
229,602 |
770,170 |
354,873 |
915,978 |
|
3,019 |
3,019 |
3,276 |
3,276 |
|
Investment income |
4,076 |
12,093 |
4,771 |
12,879 |
|
Other income 2 |
39,794 |
51,015 |
43,536 |
56,123 |
|
Total revenue |
407,316 |
967,122 |
526,883 |
1,108,683 |
|
EXPENDITURE |
||||
|
International Aid and Development Programs expenditure |
||||
|
• funds to international programs |
43,470 |
43,470 |
37,276 |
37,276 |
|
• program support costs |
3,839 |
3,839 |
4,329 |
4,329 |
|
• community education |
232 |
232 |
144 |
144 |
|
Domestic programs |
||||
|
• Blood Service |
- |
568,441 |
- |
555,897 |
|
• Migration support |
156,526 |
156,526 |
280,930 |
280,930 |
|
• Social inclusion |
38,129 |
38,129 |
35,425 |
35,425 |
|
• Locational disadvantage |
34,511 |
34,511 |
32,143 |
32,143 |
|
• Disaster and emergency services |
10,798 |
10,798 |
10,454 |
10,454 |
|
• Aboriginal & Torres Strait Islander programs |
8,696 |
8,696 |
7,218 |
7,218 |
|
• Emergency appeals |
1,379 |
1,379 |
3,780 |
3,780 |
|
• International humanitarian law 3 |
1,233 |
1,233 |
1,003 |
1,003 |
|
• Other |
41 |
41 |
126 |
126 |
|
Fundraising costs 4 |
||||
|
26,426 |
26,426 |
27,043 |
27,043 |
|
Retail and Commercial activities |
37,782 |
37,782 |
42,708 |
42,708 |
|
Accountability and Administration 5 |
44,362 |
44,362 |
42,169 |
42,169 |
|
Total expenditure |
407,423 |
975,864 |
524,748 |
1,080,645 |
|
(Deficiency)/Excess of revenue over expenditure from continuing operations |
(107) |
(8,742) |
2,135 |
28,038 |
|
This Income Statement conforms with the ACFID prescribed format and standards and should be read in conjunction with the other components of the ACFID Financial Statements, as well as the Financial Statements and accompanying notes on pages 6-44 of the full Financial Report available at redcross org.au/files/Financials_2015.pdf. |
||||
|
1 During the financial year nil (2014:nil) was recorded as non-monetary donations and gifts. In addition to those goods which are capable of reliable measurement, the organisation has received donated goods for sale in its retail outlets as well as volunteer hours in providing community services. Significant contributions are also received by way of gifts in kind as pro bono support from corporate partners and volunteers. These goods and services are of a nature for which fair value cannot be reasonably determined and have not been recorded in this Income Statement. There has been no non-monetary expenditure included in the Income Statement. 2 Other income includes revenue from retail activities and training services. 3 Expenditure incurred for international humanitarian law was previously disclosed under community education. 4 Fundraising costs include both international and domestic programs. There have been no costs incurred for Government, multilateral and private fundraising costs. 5 Administration costs includes internal costs relating to finance, human resources, IT, marketing and program administration. It also includes one-off costs of $5.8m relating to information technology upgrade and divestment of property during FY 2015. During the financial year there were no transactions (2014:nil) in the International Political or Religious Adherence Promotion program category. |
||||
Statement of Financial Position
as at 30 June 2015
|
Humanitarian Services |
Society |
Humanitarian Services |
Society |
|
|
2015 |
2015 |
2014 |
2014 |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
ASSETS |
||||
|
Current Assets |
||||
|
Cash and cash equivalents |
42,277 |
241,140 |
149,974 |
386,579 |
|
Trade and other receivables |
19,062 |
26,616 |
34,980 |
41,140 |
|
Inventories |
990 |
19,838 |
1,022 |
20,940 |
|
Other financial assets |
40,109 |
73,108 |
13,465 |
13,465 |
|
Other |
3,996 |
10,073 |
2,858 |
8,722 |
|
Total Current Assets |
106,434 |
370,775 |
202,299 |
470,846 |
|
Non-Current Assets |
||||
|
Other financial assets |
- |
- |
3,044 |
3,044 |
|
Property, plant and equipment |
72,778 |
388,613 |
79,360 |
401,255 |
|
Intangible assets |
20,179 |
41,499 |
23,981 |
43,635 |
|
Total Non-Current Assets |
92,957 |
430,112 |
106,385 |
447,934 |
|
Total Assets |
199,391 |
800,887 |
308,684 |
918,780 |
|
LIABILITIES |
||||
|
Current Liabilities |
||||
|
Trade and other payables |
19,482 |
58,154 |
138,905 |
178,397 |
|
Borrowings |
10,632 |
20,582 |
- |
9,193 |
|
Provisions |
15,146 |
69,358 |
13,495 |
67,016 |
|
Other |
- |
96,434 |
- |
87,059 |
|
Total Current Liabilities |
45,260 |
244,528 |
152,400 |
341,665 |
|
Non-Current Liabilities |
||||
|
Borrowings |
- |
60,523 |
- |
70,474 |
|
Provisions |
5,206 |
17,553 |
6,358 |
18,835 |
|
Defined benefit superannuation plans |
65 |
1,698 |
65 |
6,768 |
|
Other |
- |
3,360 |
- |
3,503 |
|
Total Non-Current Liabilities |
5,271 |
83,134 |
6,423 |
99,580 |
|
Total Liabilities |
50,531 |
327,662 |
158,823 |
441,245 |
|
NET ASSETS |
148,860 |
473,225 |
149,861 |
477,535 |
|
Equity |
||||
|
Reserves |
2,321 |
111,202 |
3,215 |
126,055 |
|
Specific purpose funds |
51,958 |
51,958 |
47,515 |
47,515 |
|
Accumulated funds |
94,581 |
310,065 |
99,131 |
303,965 |
|
TOTAL EQUITY |
148,860 |
473,225 |
149,861 |
477,535 |
|
This Statement of Financial Position conforms with the ACFID prescribed format and standards and should be read in conjunction with the other components of the ACFID Financial Statements, as well as the Financial Statements and accompanying notes on pages 6-44 of the full Financial Report, also available at redcross org.au/files/Financials_2015.pdf. |
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Statement of Cash Flows
for the financial year
ended 30 June 2015
|
Humanitarian |
Society |
Humanitarian |
Society |
|
|
2015 |
2015 |
2014 |
2014 |
|
|
$’000 |
$'000 |
$’000 |
$’000 |
|
|
Cash flows from operating activities |
||||
|
Receipts from donors, government and other sources |
327,666 |
934,578 |
518,808 |
1,149,270 |
|
Payments to suppliers and employees |
(420,036) |
(976,711) |
(506,334) |
(1,051,405) |
|
Interest and other costs of finance paid |
(1,206) |
(7,247) |
(863) |
(7,611) |
|
Net cash (used in)/provided by operating activities |
(93,576) |
(49,380) |
11,611 |
90,254 |
|
Cash flows from investing activities |
||||
|
Payments for property, plant and equipment |
(5,710) |
(53,434) |
(20,835) |
(69,217) |
|
Proceeds from sale of property, plant and equipment |
237 |
444 |
686 |
1,049 |
|
Net proceeds/(payments) on sale of investment securities |
(22,753) |
(56,091) |
29,734 |
29,734 |
|
Dividends received |
1,044 |
1,044 |
843 |
843 |
|
Interest received |
2,554 |
10,627 |
3,692 |
11,800 |
|
Net cash (used in)/provided by activities |
(24,628) |
(97,410) |
14,120 |
(25,791) |
|
Cash flows from financing activities |
||||
|
Proceeds from borrowings |
10,461 |
10,461 |
- |
- |
|
Repayment of borrowings |
(3,615) |
(12,809) |
- |
(9,011) |
|
Net cash provided by/(used in) financing activities |
6,846 |
(2,348) |
- |
(9,011) |
|
Net (decrease)/increase in cash and cash equivalents |
(111,358) |
(149,138) |
25,731 |
55,452 |
|
Cash and cash equivalents at the beginning of the financial year |
149,974 |
386,579 |
124,243 |
331,141 |
|
Effects of exchange rate changes on the balance of cash held in foreign currencies |
(125) |
(87) |
- |
(14) |
|
CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR |
38,491 |
237,354 |
149,974 |
386,579 |
|
This Statement of Cash Flows conforms with the ACFID prescribed format and standards and should be read in conjunction with the other components of the ACFID Financial Statements, as well as the Financial Statements and accompanying notes on pages 6-44 of the full Financial Report, also available at redcross org.au/files/Financials_2015.pdf. |
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Table of Cash Movements for Designated Purposes
for the financial year
ended 30 June 2015
|
Cash available at beginning of year |
Cash raised during year |
Cash disbursed during year |
Cash available at end of year |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
Designated Purpose |
||||
|
DFAT - Australian Aid Program |
6,711 |
24,031 |
(19,864) |
10,878 |
|
East Africa Drought Appeal |
271 |
- |
(271) |
- |
|
Pakistan Flood Response Appeal |
1,206 |
21 |
(757) |
470 |
|
Pacific Tsunami Appeal |
1,727 |
- |
(1,727) |
- |
|
New Zealand Earthquake Appeal |
133 |
- |
(133) |
- |
|
Humanitarian Blood Projects |
529 |
761 |
(902) |
388 |
|
Typhoon Haiyan Appeal |
9,734 |
141 |
(6,900) |
2,974 |
|
Syria Appeal |
320 |
346 |
(524) |
142 |
|
Ebola Appeal |
- |
1,500 |
(1,376) |
124 |
|
Nepal Earthquake Appeal |
- |
12,420 |
(4,732) |
7,688 |
|
Cyclone Pam (Vanuatu) Appeal |
- |
7,333 |
(3,531) |
3,802 |
|
Total cash for designated purposes |
20,631 |
46,553 |
(40,717) |
26,466 |
|
Total cash for other non-designated purposes |
365,948 |
910,601 |
(1,065,662) |
210,888 |
|
TOTAL |
386,579 |
957,154 |
(1,106,379) |
237,354 |
|
This Table of Cash Movements for Designated Purposes conforms with the ACFID prescribed format and standards and should be read in conjunction with the other components of the ACFID Financial Statements, as well as the Financial Statements and accompanying notes on pages 6-44 of the full Financial Report, also available at |
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Statement of Changes in Equity
for the financial year
ended 30 June 2015
|
Humanitarian Services |
||||
|
Accumulated funds |
Specific purpose funds |
Investment revaluation reserve |
Society |
|
|
$'000 |
$'000 |
$'000 |
$'000 |
|
|
Year ended 30 June 2014 |
||||
|
Balance as at 1 July 2013 |
83,965 |
60,550 |
4,012 |
450,074 |
|
Profit for the year |
2,135 |
- |
- |
28,038 |
|
Other comprehensive income/(deficit) for the year |
(4) |
- |
(797) |
(577) |
|
Transfers to/(from) specific purpose funds |
13,035 |
(13,035) |
- |
- |
|
Transfers to/(from) other reserves |
- |
- |
- |
- |
|
Balance as at 30 June 2014 |
99,131 |
47,515 |
3,215 |
477,535 |
|
Year ended 30 June 2015 |
||||
|
Net (deficit) for the year |
(107) |
- |
- |
(8,742) |
|
Other comprehensive income/(deficit) for the year |
- |
- |
(894) |
4,432 |
|
Transfers to/(from) specific purpose funds |
(4,443) |
4,443 |
- |
- |
|
Transfers to/(from) other reserves |
- |
- |
- |
- |
|
BALANCE AS AT 30 June 2015 |
94,581 |
51,958 |
2,321 |
473,225 |
|
The accumulated funds balances for both Humanitarian Services and Blood Service include eliminations of intercompany transactions amounting to $3.7m (FY14 $2.4m). This Statement of Changes in Equity conforms with the ACFID prescribed format and standards and should be read in conjunction with the other components of the ACFID Financial Statements, as well as the Financial Statements and accompanying notes on pages 6-44 of the full Financial Report, also available at redcross org.au/files/Financials_2015.pdf. |
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