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Enactus Australia Limited ACN 091 541 614

Annual Report 31 July 2019

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Directors’ Report Report on Enactus Australia Limited for the period from 1 August 2018 to 31 July 2019. Directors Directors of the company at any time during or since the end of the reporting period are: Name Appointed Resigned Special

Duties/Experience Mark Graham Smith 07 June 2007 Chairman: Company

Director

Judith Monica Howard

10 February 2000 CEO, Public Officer & Secretary: HR Director; Human Resources

Trent Matthew Duvall

31 July 2008 Alternate Director 5 June 2014 Director

Finance Director: Chartered Accountant

Timothy Joseph Hart 03 December 2009

Managing Director Partnership Committee

Thomas Gerald McGinness

16 June 2011 Director 7 March 2017 Alternate Director

20 September 2018

Nil: Management, Science

Alistair Frank Paice

6 December 2012

Nil: Finance

Ian Penman Storie 12 September

2013 Alternate Director 5 February 2015 Director

Nil: Business Development

Alpa Bhattacharjee 5 February 2015 Alternate Director

Nil: Community Engagement

Margaret Atkinson 8 March 2018 Nil: Strategy, Engagement

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Meetings of Directors The number of meetings of the company's board of directors held during the time the director held office in the reporting period ended 31 July 2019 and the number of meetings attended by each director were: Name Full Meetings of

Directors Meetings Attended

Mark Graham Smith 4 4 Judith Monica Howard 4 4 Trent Matthew Duvall 4 3 Timothy Joseph Hart 4 2 Thomas Gerald McGinness 4 0 Alistair Frank Paice 4 4 Margaret Atkinson 4 2 Ian Penman Storie 4 2 Alpa Bhattacharjee 4 3

Members Individual Ashley William Goldsworthy AO, OBE Janette Margaret Thornton John David Thornton Directors Timothy Joseph Hart Judith Monica Howard Alpa Bhattacharjee Margaret Atkinson Mark Graham Smith Trent Matthew Duvall Alistair Frank Paice Ian Penman Storie

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Review of Operations and Activities This Overview covers the period from 1 August 2018 to 31 July 2019. General Operations Enactus is an international not for profit organisation dedicated to inspiring students to improve the world through entrepreneurial action.

We believe that investing in students who take entrepreneurial action for others creates a better world for us all. Enactus is the world’s largest experiential learning platform dedicated to creating a better world, while developing the next generation of entrepreneurial leaders and social innovators. The Enactus network of global business, academic and student leaders are unified by our vision—to create a better, more sustainable world.

Our work transforms both the lives of the people we serve, and in turn, the lives of our students as they develop into more effective, values-driven leaders.

Enactus Australia currently has active teams in 17 universities with over 700 students and 30+ active projects in communities around the country, and is part of the Enactus International Affiliation Division. As such, Enactus Australia is committed to upholding the Enactus purpose to “enable progress through entrepreneurial action”.

We are endorsed by the Australian Charities and Not for Profit Commission (ACNC) as a Public Benevolent Institution (PBI) which is a charitable institution with a main purpose of providing benevolent relief to people in need. Subsequently we have also been endorsed by the Australian Taxation Office (ATO) for Deductible Gift Recipient (DGR) and Tax Concession Status.

During the period, the principal continuing activities of the entity consisted of: Recruiting universities to take up the Enactus Program. Working with universities involved in the Enactus Program to maintain, continue and

increase their student numbers, projects and wider internal university engagement. Contributing to the Enactus Plus On-line Learning and Development Programs for Enactus

Faculty Advisors, students and alumni, and providing project information to be shared with the 37 countries involved in Enactus.

Conducting face to face learning and development programs at least twice per year for all Australian Faculty Advisors and active teams.

Ensuring students undertake community outreach projects which meet the Enactus criterion.

Ensuring projects are sustainable, particularly through scalability and the development of social enterprises.

Conducting a national conference and competition for the university teams using the sponsorship support provided.

Sending a national representative university team (and supporting judges and observers) to participate in an international competition.

Raising sponsorship and donations in cash and in kind to fund the entity’s purposes.

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Developing and maintaining sponsor relationships. Enhancing and increasing academic relationships. Developing government relationships.

Strategic Objectives Our key strategic objectives are to;

1. Engage and Grow Dynamic Participation 2. Expand Programs and their Impact 3. Build and Communicate the Stories enabled by Enactus 4. Ensure Financial Stability 5. “Ensure Organisational Stability” as the platform for achieving our strategic goals and

objectives Details of activities in each of these areas are outlined below. Engage and Grow Dynamic Participation Cash donations and sponsorships received during the year were provided by: American Express Mars Ridley Corporation Penny Winn CSIRO Howard Family HSBC Bank Australia Unilever KPMG Mark Smith Coca-Cola South Pacific Trent Duvall CA Australia and New Zealand Enactus Australia has been further supported in the conduct of its activities by expenditures undertaken on its behalf, and the provision of goods and services ‘in kind’ by the following organisations: Red Bull KPMG CPA Australia Co-op We lost no partners during the year. We gained two new partners (Coca-Cola South Pacific and Chartered Accountants Australia and New Zealand) and individual donations increased.

Expand Programs and their Impact We have engaged two new universities into the program – Bond University and the University of Tasmania. We have advised students of a range of internships, conferences, international competitions and grants in order to widen their experiences and enhance their Enactus activities. We conducted Regional Showcases in April and May 2019 prior to the National Competition to build wider and deeper relationships with partners, universities and other key stakeholders. These Showcase Days provided learning and development opportunities, and students also presented their projects to a team of business advisers who provided guidance and advice in preparation for National Competition. These days were very successful and will be continued. A total of 158 students, 23 Faculty and 31 Business Advisers participated in the event.

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Build and Communicate the Stories enabled by Enactus Project stories, videos and attendance by students at corporate events took place to provide a better understanding of, and engagement with the Enactus Program by both current and prospective stakeholders. These stories and student activities are regularly posted on all our social media and in our quarterly newsletter. Ensure Financial Stability Review meetings are held at least annually with current partners to build and maintain relationships and financial support. As a result of our DGR status, we are now submitting grant applications to a range of appropriate Foundations and Trusts, while we continue to pursue individual donors and corporate sponsorship. Organisational Stability While we continue to operate on a very tight structure, the implementation of Regional Committees to conduct the Showcase days has been a positive step towards increasing the awareness and reach of both current partners outside of their head office state, as well as through the introduction of local business people to our program. This year we added new people to each of the committees which further expanded their reach. Surplus/Deficit for Year The current surplus/deficit of $7109 reflects the ongoing results of the program for the year. While it has been a difficult year in terms of sponsorship, we have improved our position on last year despite this. Program The program, including student professional development, was strengthened through the following activities: Provision of internship programs. Regional Showcase Days Involvement in face to face training for students by several key partners. The interactive workshops and “think tank” activities offered at the Conference each year. The Immersion Sessions introduced at the National Conference and Competition where

key partners facilitated interactive workshops with the students to discuss how they are dealing with current and emerging social, economic and environmental issues.

Increased activity on the Enactus Australia LinkedIn page. Participation in the Enactus International Salesforce data base and the Enactus Plus portal.

Team Training

Team training this year was predominantly conducted through our Regional Showcase days where workshops were conducted by expert practitioners to discuss: “Matching your Enactus experience to the right organisation and the right role for you”, and “Scaling Up Your Projects for maximum outputs and impact”

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National Conference and Competition 2019 The 2019 National Conference and Competition was held at the Sofitel Sydney3 and 4 July. Number of Teams Competing: 13 Number of Participating Students: 228 Number of Participating Faculty/Administrators: 13 Number of Participating Professionals: 110 Total Number of People in Attendance: 362 Number of Opening Round Judges: 38 Number of Semi-final Round Judges: 22 Number of Final Round Judges: 30 Number of companies represented: 28 The team from The University of Melbourne were the 2019 National Champions and will represent Australia at the World Cup in San Jose, California in September 2019.

The University of Melbourne - Champions 2019 This year teams again impressed the judges with a range of projects which addressed major social (people) environmental (planet) and economic (prosperity) issues facing Australia as a whole, including the following; Disadvantaged Youth/Communities Social Enterprise Development Indigenous Development Ageing Population Issues Mental & Physical Disability Health & Well-Being Financial Literacy for Young People Homelessness Refugees and Asylum Seekers Beach Safety One such key project is “Cards for a Cause” from The University of Melbourne. The project utilises the grey canvas of one of the most common objects of Melbourne – the Myki travel card, to bring about a story of social change.

The students sell the individual styled cards and with their unique prints on, all proceeds go to helping disadvantaged students travel to school on Public Transport Victoria by providing them with pre-paid travel for a period of 6 months at a time. This ensures they do not have to miss school, or illegally evade fares, and often provides the family with more money to put food on their table.

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The UN Sustainable Goals addressed are: Goal 3: Good Health and Well-Being Goal 4: Quality Education Goal 10: Reduced Inequalities Goal 11: Sustainable Cities and Communities A project from the runner up team from The University of Sydney, “Culinary Tales” improves the well-being and livelihoods of refugees by teaching employability skills and integration into the larger Australian community, by providing opportunities to gain work experience and social connectedness by running public, corporate and primary school cooking classes, showcasing their unique cuisines and culture. Portion control is practised and any excess food is sent to homeless shelters. The UN Sustainable Goals addressed are: Goal 3: Good Health and Well-Being Goal 8: Decent Work and Economic Growth Goal 12: Responsible Consumption and Production Other activities at the Conference included:

(i) Immersion Sessions conducted by Coca-Cola and CSIRO which exposed students in an interactive session to discuss innovative concepts in dealing with many of today’s global and national social, economic and environmental issues. The organisations shared how they research and develop solutions and discussed with the students how they can develop innovative solutions as part of both current and new projects. This was the first time that this activity was included in the National Conference and Competition and was very well patronised by all participants.

Coca-Cola South Pacific Immersion Session

Researching major consumer concerns Developing a sustainability program Developing and testing possible solutions to issues such as plastic and sugar in products Implementing new product packaging processes and products components to minimise environmental and health issues, including re-cycling and reduced water usage in producing products Involving government, communities and the private sector in implementing these programs.

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(ii) CSIRO conducted an interactive workshop for students and on the topic “Purpose Driven Innovation.

This workshop introduced the need to understand the changing world in which we live – including mega trends we are facing and how to design our future to ensure that Australians continue to enjoy the best quality of life available to any nation, and for future generations to have access to even better opportunities.

(iii) The program this year also included a workshop and networking discussion specifically to bring alumni and current students together.

CSIRO Workshop Our changing world and the key areas of focus Solving the greatest challenges through innovative science and technology Contributing to the UN Sustainable Goals and addressing the 6 key challenges for CSIRO – Food Security and Quality, Sustainable Energy and Resources, Health and Well-Being, Resilient and Valuable Environments, Future Industries and A Secure Australia and Region Using powerful new innovation techniques and a national outlook methodology and roadmap to address our future challenges Alumni Networking

How to continue fostering the entrepreneurial spirit How to get involved with social impact How to keep and utilise your network How to prepare for the future of work. How to grow and develop an effective alumni program and network.

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(iv) A panel discussion was held with a current partner from HSBC Australia Bank, a student from our 2018 National Champions QUT team and a chef from our Culinary Tales project to discuss “What Enactus means to me”.

Business Advisory Boards The teams are given advice and support through over 190 members of Business Advisory Boards from partner organisations including CSIRO, KPMG, HSBC and Unilever, as well as from other organisations such as Citibank, PwC, King & Wood Mallesons, Impact Digital, Oz Harvest, Westpac and Ernst & Young. The majority of Business Advisory Boards also include academic and professional staff from the university and many Enactus alumni. Judging A total of 99 business and academic managers and executives took part in judging our team’s presentations this year.

NCC Judging Orientation An overview of the Enactus program both internationally and nationally The competition process The judging criterion “Which Enactus team most effectively used entrepreneurial action to empower people to improve their livelihoods in an economically, socially and environmentally sustainable way?” Judging Tools Ensuring integrity in the scoring process

Panel Discussion Professional growth Professional growth Commitment to developing future leaders Contributing to people, planet and prosperity

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World Cup 2018 As the National Champions for 2018, Queensland University of Technology represented Australia at the 18th Enactus World Cup in San Jose California in September 2018. The team made a strong representation and although their projects were quite new, the feedback from judges was very positive. The team also ensured that they took full value from interacting with world renowned thought leaders from academic and major business organisations, and visits to key organisations in Silicon Valley.

Queensland University of Technology

The Directors would like to take this opportunity to thank all Enactus stakeholders for their assistance and involvement in our Program. Dividends – Enactus Australia Limited As a not-for-profit entity, Enactus Australia Limited does not pay dividends nor distribute any surplus arising from operations. Significant Changes in the State of Affairs No significant change in the state of affairs of the organisation has taken place during the period 1 August 2018 to 31 July 2019.

Networking at the NCC Three of our Faculty Advisors from two of our competing universities share a congenial moment during the Conference and Competition Students enjoy some conversation and down time between project presentations, workshops and ceremony events and activities

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Subsequent Events No other matters or circumstance have arisen since 31 July 2019 that have significantly affected, or may significantly affect:

1. the entity’s operations in future financial years, or 2. the results of those operations in future financial years, or 3. the entity’s state of affairs in future financial years

Likely Developments and Expected Results of Operations There are a number of positive changes underway which provide opportunities to expand and enhance the operations of the entity constituted by Enactus Australia Limited including:

1. Sign up of 2 additional universities to the program. 2. New and renewable sponsorship negotiations currently under discussion. 3. Developing grant submissions from Foundations and Trusts. 4. Implementing new data bases for projects, partner activities and alumni in Salesforce and

Enactus Plus

Insurance of Directors and Officers During the reporting period, Enactus Australia Limited paid a premium of $3,557 to insure the directors and secretary of the company. The liabilities insured are legal costs that may be incurred in defending civil or criminal proceedings that may be brought against the officers in their capacity as officers of the company, and any other payments arising from liabilities incurred by the officers in connection with such proceedings, other than where such liabilities arise out of conduct involving a wilful breach of duty by the officers or the improper use by the officers of their position or of information to gain advantage for themselves or someone else or to cause detriment to the company.