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 may be initiated by any member of the public and lodged with the ACFID Code of Conduct Committee at https://acfid.asn.au/content/complaints, or for further information on the ACFID Code please see ACFID website acfid.asn.au. No complaints were made against Australian Red Cross within this financial year.

The financial statements below conform 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 6-42 of the full financial report, available at redcross.org.au/files/Financials_2016.pdf

Income statement

for the financial year ended 30 June 2016

Humanitarian Services Society Humanitarian Services Society
2016 2016 2015 2015
$'000 $'000 $'000 $'000

REVENUE
Donations and gifts 1 76,901 76,901 93,123 93,123
Legacies and bequests 12,594 12,594 13,670 13,670
Grants
- Department of Foreign Affairs and Trade 24,358 24,358 23,735 23,735
- other Australian 129,062 698,143 229,497 770,065
- other overseas 5,784 5,784 3,010 3,010
Investment income 3,384 11,125 4,076 12,093
Other income 2 41,444 65,127 39,794 51,015
Total revenue 293,527 894,032 406,905 966,711

EXPENDITURE
International aid and development programs expenditure
- funds to international programs 41,728 41,728 42,995 42,995
- program support costs 3,428 3,428 4,364 4,364
- community education 3 1,561 1,561 1,465 1,465
Domestic programs
- Blood Service - 575,904 - 568,441
- Migration support 51,413 51,413 158,619 158,619
- Social inclusion 38,929 38,929 37,917 37,917
- Locational disadvantage 37,296 37,296 34,317 34,317
- Disaster and emergency services 10,186 10,186 10,759 10,759
- Aboriginal & Torres Strait Islander programs 7,700 7,700 8,660 8,660
- Emergency appeals 349 349 1,379 1,379
- Other 4,867 4,867 4,928 4,928
Fundraising costs 4
- Public, government, multilateral and private 24,204 24,204 26,425 26,425
Retail and commercial activities 37,122 37,122 38,006 38,006
Accountability and administration5 38,725 38,725 37,178 37,178
Total expenditure 297,508 873,412 407,012 975,453
(Deficiency)/excess of revenue over expenditure from continuing operations (3,981) 20,620 (107) (8,742)

Figures for the 2015 financial year have been restated due to (i) grant funds returned being netted off to government grant income which were previously included under government grant income expenditure (ii) re-mapping of expenses related directly to programs which were previously included under administration.
1 During the financial year nil (2015: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 is included in community education as per ACFID guidelines.
4 Fundraising costs include both international and domestic programs. There have been no costs incurred for government, multilateral and private fundraising.
5 Accountability and administration costs include internal expenses relating to finance, human resources, information technology, marketing and program administration. They also include a one-off cost of $1.2 million relating to an information technology transformation investment.
During the financial year there were no transactions (2015:nil) in the international political or religious adherence promotion program category.

Statement of financial position

as at 30 June 2016

Humanitarian Services

Society

Humanitarian

Services

Society

2016

2016

2015

2015

$'000

$'000

$'000

$'000

ASSETS

Current assets

Cash and cash equivalents

36,955

230,693

42,277

241,140

Trade and other receivables

16,392

23,781

19,062

26,616

Inventories

1,405

24,271

990

19,838

Other financial assets

39,681

110,341

40,109

73,108

Other

2,465

7,571

3,996

10,073

Total current assets

96,898

396,657

106,434

370,775

Non-current assets

Property, plant and equipment

67,371

375,810

72,778

388,613

Intangible assets

17,687

47,758

20,179

41,499

Total non-current assets

85,058

423,568

92,957

430,112

Total assets

181,956

820,225

199,391

800,887

LIABILITIES

Current liabilities

Trade and other payables

13,854

47,449

18,612

55,618

Borrowings

-

10,786

10,632

20,582

Provisions

15,735

72,316

15,146

69,358

Other

3,912

124,171

870

98,970

Total current liabilities

33,501

254,722

45,260

244,528

Non-current liabilities

Borrowings

-

49,741

-

60,523

Provisions

4,519

17,813

5,206

17,553

Defined benefit superannuation plans

65

3,346

65

1,698

Other

-

4,285

-

3,360

Total non-current liabilities

4,584

75,185

5,271

83,134

Total liabilities

38,085

329,907

50,531

327,662

NET ASSETS

143,871

490,318

148,860

473,225

Equity

Reserves

1,313

120,836

2,321

111,202

Specific purpose funds

40,056

40,056

51,958

51,958

Accumulated funds

102,502

329,426

94,581

310,065

TOTAL EQUITY

143,871

490,318

148,860

473,225


Statement of cash flows

for the financial year ended 30 June 2016

Humanitarian Services

Society

Humanitarian
Services

Society

2016

2016

2015

2015

$’000

$'000

$’000

$’000

Cash flows from operating activities

Receipts from donors, government and other sources

296,005

948,046

327,666

934,578

Payments to suppliers and employees

(289,400)

(840,752)

(420,036)

(976,711)

Interest and other costs of finance paid

(1,263)

(6,552)

(1,206)

(7,247)

Net cash provided by/(used in) operating activities

5,342

100,742

(93,576)

(49,380)

Cash flows from investing activities

Payments for property, plant, equipment and intangibles

(2,284)

(62,021)

(5,710)

(53,434)

Proceeds from disposal of property, plant and equipment

159

450

237

444

Net payments for purchase of investment securities

(575)

(39,453)

(22,753)

(56,091)

Dividends received

737

1,780

1,044

1,044

Interest received

1,931

8,629

2,554

10,627

Net cash used in investing activities

(32)

(90,615)

(24,628)

(97,410)

Cash flows from financing activities

Proceeds from borrowings

1,500

1,500

10,461

10,461

Repayment of borrowings

(8,346)

(18,292)

(3,615)

(12,809)

Net cash (used in)/provided by financing activities

(6,846)

(16,792)

6,846

(2,348)

Net decrease in cash and cash equivalents

(1,536)

(6,665)

(111,358)

(149,138)

Cash and cash equivalents at the beginning of the financial year

38,491

237,354

149,974

386,579

Effects of exchange rate changes on the balance of cash held in foreign currencies

-

4

(125)

(87)

CASH AND CASH EQUIVALENTS AT THE END OF THE FINANCIAL YEAR

36,955

230,693

38,491

237,354


Table of cash movements for designated purposes

for the financial year ended 30 June 2016

Cash available at beginning of year

Cash raised during year

Cash disbursed during year

Cash transfer

Cash available at end of year

$'000

$'000

$'000

$'000

$’000

Designated purpose

DFAT - Australian Aid Program

10,878

26,091

(25,477)

(1,027)

10,465

Pakistan flood response appeal

470

-

(470)

-

-

Humanitarian blood projects

388

20

(136)

(245)

27

Typhoon Haiyan appeal

2,974

1,446

(2,286)

375

2,509

Syria appeal

142

1,389

(1,174)

38

395

Ebola appeal

124

294

(111)

(155)

151

Nepal earthquake appeal

7,688

1,036

(4,656)

1,378

5,447

Cyclone Pam (Vanuatu) appeal

3,802

64

(1,824)

314

2,356

Tropical Cyclone Winston 2016 appeal

-

4,477

(1,944)

(938)

1,595

Total cash for designated purposes

26,466

34,817

(38,078)

(260)

22,945

Total cash for other non-designated purposes

210,888

925,588

(928,988)

260

207,748

TOTAL

237,354

960,405

(967,066)

-

230,693

Appeal funds raised in any one year are likely to be responsibly used over several years, as recovery work can be short, medium and long-term.


Statement of changes in equity

for the financial year ended 30 June 2016

Humanitarian Services

Blood Service

Accumulated funds

Specific purpose funds

Investment revaluation reserve

Accumulated funds

Special reserve

Capital reserve

Investment revaluation reserve

Society

$'000

$'000

$'000

$'000

$'000

$'000

$'000

$'000

Year ended 30 June 2015

Balance as at 1 July 2014

99,131

47,515

3,215

204,834

57,973

64,867

-

477,535

Deficit for the year

(107)

-

-

(8,635)

-

-

-

(8,742)

Other comprehensive surplus/(deficit) for the year

-

-

(894)

5,664

-

-

(338)

4,432

Transfers to/(from) specific purpose funds

(4,443)

4,443

-

-

-

-

-

-

Transfers to/(from) other reserves

-

-

-

13,621

723

(14,344)

-

-

Balance as at 30 June 2015

94,581

51,958

2,321

215,484

58,696

50,523

(338)

473,225

Year ended 30 June 2016

Net (deficit)/surplus for the year

(3,981)

-

-

24,601

-

-

-

20,620

Other comprehensive deficit for the year

-

-

(1,008)

(1,281)

-

-

(1,238)

(3,527)

Transfers to/(from) specific purpose funds

11,902

(11,902)

-

-

-

-

-

-

Transfers to/(from) other reserves

-

-

-

(11,880)

6,816

5,064

-

-

Balance as at 30 June 2016

102,502

40,056

1,313

226,924

65,512

55,587

(1,576)

490,318

Click here to download auditor letter as PDF.