ANNUAL REVIEW 2018 - Future2 Foundation · 2019. 2. 11. · and corporate sponsorship. Gold sponsor, AIA Vitality’s Ambassador, AFL great and TV personality, ... In 2016, Byron

www.future2foundation.org.au | [email protected]

ANNUAL REVIEW 2018

Future2 is a charitable

foundation with deductible

gift recipient (DGR) status.

Donations of $2 or more are

tax deductible.

[email protected]

©2018 Future2 Foundation

HOW WE DO IT

WHAT WE DOEach year, Future2 Make the Difference! Grants are awarded to community not-for-profits and charities working to give a new

start in life to young people who are doing it tough. Every grant application has the support of a local financial planner who is a

member of the Financial Planning Association of Australia (FPA).

Future2 is the foundation of the Financial Planning Association.

We make a lasting difference in the lives of our young Australians who need it most.

Future2 reaches out to financial planning professionals who have the passion, commitment and social conscience to help

disadvantaged youth realise their potential, and help them into productive, secure and happy lives. Individually and collectively,

financial planners raise funds, identify not-for-profits that are deserving of grants and give their time and skills.

WHY WE ARE HERE

Future2 is the foundation of the Australian Financial Planning Association, and was created to make a lasting difference in the lives of young Australians who need it most.

Through its annual Make the Difference! Grants program, Future2 supports young Australians aged 12 to 25 years experiencing social, financial or physical hardship. Future2 helps fund projects that contribute to skills training, financial literacy, work experience, community service, mentoring and much more.

I am humbled and privileged to have commenced as Future2 Chair on 21 November 2018 having served as a Future2 Director since 2016.

Thank you to the previous Chair Matthew Brown CFP® for his dedication and work guiding Future2 as Chair since 2017 and previously as Future2 Director since 2015. I am personally appreciative of Matthew’s passion and support for Future2.

During my time on Future2 I have been inspired by the energy and generosity of FPA members and the wider financial planning community who support the work of Future2 through volunteer work, fundraising and donating to the foundation.

We also receive valuable support from the corporate community and I warmly thank our partners ANZ, JB Were, Macquarie, NAB, Story Wealth Management and TAL for their support during 2017/18.

During 2017/18, Future2 awarded $133,000 in grants to community not-for-profit organisations with programs for socially, financially and physically disadvantaged young Australians. In November 2017, 14 charity organisations from across Australia were awarded grants, each endorsed by a local FPA member. These grant recipients were selected from among 81 organisations who completed applications for the program.

CHAIR’S REPORT

In 2017, the Future2 Wheel Classic took place in Tasmania. Nineteen riders travelled 726km over seven days and raised $108,496 after expenses from donations and corporate sponsorship. Gold sponsor, AIA Vitality’s Ambassador, AFL great and TV personality, Shane Crawford joined the riders at the start of the Wheel Classic in Devonport and the event generated significant media coverage including coverage in almost every State and Territory and profile on WIN TV Hobart, Canberra and 20 regional towns across Australia.

I sincerely acknowledge the contribution of the 2017 Wheel Classic Gold Sponsor, AIA Vitality and Silver Sponsor, IRESS.

This year we also introduced the inaugural Future2 Hiking Challenge, with 10 hikers taking on the Tasmanian wilderness to raise $28,107 in November 2017.

FPA Chapters hosted a number of fundraising events throughout the year raising $91,492 from donations, pledges and raffles. The FPA Chapters are hosting an increasing number of fundraising events, with these now taking place across all major Australian capital cities. The WA Chapter Melbourne Cup lunch alone raised $29,697.

During the 2017/18 membership renewals period, FPA members donated $45,407 to Future2. This has been the only concern we have had throughout the growth

and success of Future2 as donations via membership renewals had decreased as the previous year this number was a little over $78,000.

I would like to congratulate the 2017 winner of the Future2 Community Service Award, Reuben Zelwer CFP®. Reuben was recognised for his longstanding involvement in breaking the cycle of debt within his local community through his contribution to Jewish Care Victoria.

I am passionate about helping Australian Youth as they are our future. Each time I speak with or read about one of our grant recipients it demonstrates how Future2 is making a genuine difference to the lives of young Australians. In my role as Chair I am excited and motivated to continue to work with the financial planning community, my fellow Directors and the wider community and build on the success of the Future2 Foundation.

Petra Churcher AFP® Chair (commenced 21 November 2018)

During 2017/18, Future2 awarded $133,000 in grants to community not-for-profit organisations with programs for socially, financially and physically disadvantaged young Australians.

FUNDRAISING 2017/18

$823k in grants to grassroots

programs up to 30 June 2018

$29,697

$133k in grants to help young

Australians in need in 2017

14charity organisations acrossAustralia awarded grants

$45,407 donated during 2017membership renewals

$91,492raised at Chapter events

in 2017/18

$67,140

raised at 2017 Future2

Celebration at MONA, Hobart

In November 2017,

$+35kin funding from Future2Partners. �ank you to:

ANZ, JBWere, Macquarie,NAB, Story Wealth

Management, and TAL

Grants Program

$$

raised by the WA MelbourneCup event in 2017

$

$

19riders

2017 Wheel Classicin Tasmania

covered726 KM

over 7 days

RAISED

$108,496

2017 Wheel Classicreceived signi�cant media

coverage.

125 clipsacross print, tv and online

10hikersRAISED

$28,107during the inaugural

Future2 Hiking Challenge



$29,697






in 2017/18

$67,140



In November 2017,



Management, and TAL

Grants Program

$$


$

$

19riders


covered726 KM

over 7 days

RAISED

$108,496


coverage.


10hikersRAISED





$29,697






in 2017/18

$67,140



In November 2017,



Management, and TAL

Grants Program

$$


$

$

19riders


covered726 KM

over 7 days

RAISED

$108,496


coverage.


10hikersRAISED



19riders


covered726 KM

over 7 days

RAISED

$108,496


coverage.


FUTURE2HIGHLIGHTS 2017/18

19 riders took on 726km, riding from Devonport to Hobart in seven days raising $108,496 for Future2’s Make the Difference! Grants Program.

Silver sponsor IRESS, fielded a team of courageous riders.

2017 Wheel Classic from Devonport to Hobart

The 2017 Wheel Classic was generously supported by Gold Sponsor AIA Vitality. Their ambassador, AFL great Shane Crawford, supported riders at the start of the event in Devonport.

The 2017 Future2 Celebration was held at Hobart’s Museum of Old and New Art, raising $67,140 with assistance from the FPA Tasmania Chapter and generous financial support from BT.

FPA Chapters hold fundraising events throughout the year raising $91,492 from donations, pledges and raffles.

The WA Chapter’s 2017 Melbourne Cup Lunch raised $29,967.

2017 Tasmanian Hiking Challenge

10 hikers took on the challenge of the Tasmanian wilderness with the 4-day Alpine Hiking Challenge and 5-day Extreme Hiking Challenge, raising $28,107 for Future’s Make the Difference! Grants.

Future2 at the 2017FPA Professionals Congress

FPA Chapter fundraising events

Awarded in 2017/18

Grants

Canberra, ACT

pegasusact.com.au

A $10,000 grant to support a program teaching young people with disabilities to ride horses to build self-coinfidence and interpersonal skills

Grant application supported by FPA member Lisa Weissel CFP®

Riding for the Disabled of the ACT (Pegasus) exists to provide horse facilitated programs aimed at developing abilities for people with a disability. For people with disabilities who suffer from low self-esteem, poor self-confidence and issues with interpersonal skills, Equine Facilitated Learning (EFL) has shown to be effective in developing these skills and attributes. EFL is a rapidly developing therapy which, through a series of specially designed activities, develops participants’ problem solving skills, improves self-confidence and interpersonal skills.

Grants Program

“Riding for the Disabled is known for its positive energy, with riders and parents often commenting on the joy and uplifting feeling that being here always brings. The gentle and understanding environment means that riders are not limited by what would normally be considered their limitations, because here there is no ‘disability’, there is only ‘ability’.” Lisa Weissel CFP®

RIDING FOR THE DISABLED OF THE ACT INC (PEGASUS)Developing Abilities

PEGASUS

Byron Bay, NSW

bys.org.au

A $5,000 grant for a program to support $-Smart Youth, a financial literacy course.

Grant application supported by FPA member Shane Hayes CFP®

Byron Youth Service is a not-for-profit charity with the mission to create, support and lead community action for young people. In 2016, Byron Youth Services conducted face-to-face interviews with high school students to find out what they would like to learn, if they could learn anything they wanted. Responses repeatedly included ‘how to do taxes’, ‘how to budget’ and other financial literacy subjects missing from school curriculums. This sparked the proposal for $-Smart Youth, a financial literacy course to provide workbooks, receipt holders and calculators to encourage students to maintain their learning well beyond the time of the course.

Grants Program

BYRON YOUTH SERVICE ($-SMART YOUTH)

Sydney, NSW

therunbeyondproject.com

A $10,000 grant for a program to support running training for students who are refugees.

Grant application supported by FPA member David Hazlewood CFP®

The Run Beyond Project is a free program where volunteer teachers provide long-distance running (10km or half-marathon) training to high school students who are refugees. Students participate in both physical training, as well as theoretical sessions which focus on how they can apply the skills developed to achieve their running goals in broader contexts throughout their lives. The project provides a gateway for students into the running community. Student achievements are celebrated within their school, rewarding participants and providing positive examples for the broader student body.

Based in high schools, the Run Beyond Project involves the students in theoretical sessions with practical training designed to prepare them for a ‘goal race’ of between 10km and a half marathon of 21.1km. The project centres on the development of life skills, focusing on goal-setting, commitment and resilience. The major emphasis is on the application of these skills beyond the completion of the project and beyond the context of running, in whatever field of endeavour students wish to pursue.

Grants Program

“I’ve already met with one group of kids and I’m looking to become more involved with the project by providing participants with an introduction to money. As these kids come from disadvantaged backgrounds, it’s an opportunity to discuss with them the issues they are having with money. It’s an interactive project. I want to show them the importance of education, of goal setting, budgeting and saving.” David Hazlewood CFP®

THE RUN BEYOND PROJECT

Brisbane, QLD

bestlifefoundation.com.au

A $10,000 grant for a program to support highest quality away-from-home experiences for 6-19 year olds who live with disability.

Grant application supported by FPA member David Larman CFP®

BestLife is an early intervention response for families and individuals to provide support for young people with intellectual and/or physical disability who are socially isolated, to enable them to become young adults living in the community with people they like, doing things that matter. A completely unique approach to helping people living with disability, the BestLife vision is to ensure young people (regardless of ability) and their families have the opportunity to enjoy a better and brighter future.

Grants Program

BESTLIFE FOUNDATION

Cape York, QLD

balkanu.com.au

A $10,000 grant for a program to support a youth employment program for Indigenous Australians.

Grant application supported by FPA member Ian Byrne CFP®

Balkanu Cape York Development Corporation assists Indigenous individuals and communities to achieve self-determination through their programs. The Youth Empowerment Employment Program targets young Indigenous Australians, particularly those with disadvantaged backgrounds, by giving them encouragement and inspiration to lead productive, secure and happy lives for themselves and their families. The program concentrates on dysfunctional teenagers, who due to issues outside of their control, need much support and motivation in fighting social problems like addictions, abuse, violence, bullying, social-exclusion and depression.

Grants Program

“I was impressed with the work Balkanu Cape York Development Corporation was doing to address the issues around economic disadvantage and poverty that was affecting indigenous communities of Cape York. By working with other indigenous corporations and councils in Cape York, BCYD has been able to facilitate successful training for people living in these communities, especially for the younger people. Coming from a regional centre, I see first-hand the difference and benefits that providing employment opportunities in these remote communities bring. Assisting the younger generation to think differently around their own future and opportunities, and aspiring to achieve more than perhaps they had previously thought possible, can only be a positive change” Ian Byrne CFP®

BALKANU CAPE YORK DEVELOPMENT CORPORATION

Mackay, QLD

specialolympics.com.au

A $10,000 grant for a program to provide travelling jackets for a team from Mackay.

Grant application supported by FPA member Beverley Ferris CFP®

Special Olympics Australia has launched a program for youths aged 18-25 to encourage athletes of all abilities to participate in sport. All athletes in the Special Olympics have an intellectual disability and the competitions are structured so athletes compete with other athletes of similar abilities in equitable divisions. Special Olympics transforms lives through sport and whether it is to win medals, form a social network or achieve their personal best. The funding assisted to purchase travelling jackets for the team which is for safety and security for the athletes and a reassurance for the volunteers and coaches.

Grants Program

SPECIAL OLYMPICS AUSTRALIA

Adelaide, SA

ebldisabilityservices.org.au

A $10,000 grant to purchase and roll out Augmented and Alternative Communication equipment.

Grant application supported by FPA member Tracey Edwards CFP®

EBL Disability Services seeks to help those with intellectual disabilities to live meaningful lives. The My Voice Matters project is to assist young people coming through both the respite program and those residing in the supported accommodation service. The funding will be used for the purchase and roll out of the Augmented and Alternative Communication (AAC) that will allow EBL to further develop, educate and improve the quality of life for these people living with disabilities. The act of giving a non-verbal individual a piece of equipment that allows them to clearly articulate when they are bored, hungry, upset, or happy – the quality of life for these people dramatically improves.

EBL’s Matt Heading says that the My Voice Matters project approach to communicating empowers children and young adults to develop the skills and confidence needed to become independent in expressing themselves. The project improves the daily living and social relationships of participants, as well as improving their overall mental health and wellbeing.

Grants Program

EBL DISABILITY SERVICES

“I’ve been on the EBL Disability Services Foundation board for three years and I’m the current Chair. During my time with EBL, I have been amazed at the innovation and passion this organisation has for supporting young people with intellectual disabilities live meaningful lives.” Tracey Edwards CFP®

Adelaide, SA

junctionaustralia.org.au

A $10,000 grant to support driving lessons for homeless young people.

Grant application supported by FPA member Natalie Bordun CFP®

Junction Australia offers a service called The Outer Southern Youth Homelessness Service (OSYHS). This service aims to assist young people in their transition to independent living through support and increasing access to other housing options. As part of this service, Junction Australia offers young people who are in this program access to free driving lessons (if they do not already have a drivers licence) as part of the support to independent living.

FPA Member, Natalie Bordun CFP® from Minerds Bell Consultancy Group said that “Minerds Bell has been proudly supporting Junction Australia in various ways for the past seven years. We are particularly touched by the work they do with youth who are homeless or at risk of homelessness. This can be as many as 750 young people each year”. The ability to drive can provide at risk young people with greater employment opportunities, leading to greater stability in their living arrangements.

.

Grants Program

JUNCTION AUSTRALIA

Hobart, TAS

beaconfoundation.com.au

A $10,000 grant to provide employment pathways for young people.

Grant application supported by FPA member Todd Kennedy CFP®

Beacon Foundation supports disadvantaged young people to successfully transition from education to meaningful employment.

The Work Readiness for Young Tasmanians program aims to provide young people with meaningful post-school pathways and connect them with potential employers. The program also provides them knowledge, skills and networks they need to successfully transition from school to work.

The funding from Future2 was used to give selected students the opportunity to undertake subjects related to careers in the financial sector. Business mentors from the finance sector will be engaged in the program to assist and work with participants on relevant work readiness skills and give awareness of pathways into the sector.

Grants Program

BEACON FOUNDATION

Launceston, TAS

teenchallengetasmania.org

A $10,000 grant to support a prevention and early intervention program for at-risk young people.

Grant application supported by FPA member Wayne Fenton AFP®

The Connections Mentoring Program, run by Teen Challenge, is a prevention and early intervention program that matches volunteer adult mentors with at-risk young people.

The program aims to assist young people and their families who may be struggling with their physical or mental health, socially or educationally. Mentors act as positive role models and provide support during time spent together doing activities of interest to the young person.

The program is run in partnership with schools in low socioeconomic communities. The school teachers refer students into the program with their parents’ permission. The benefits to young people include an increase in emotional resilience and a better ability to adapt to stressful situations; higher levels of attendance and engagement with learning and improved social and educational outcomes.

.

Grants Program

TEEN CHALLENGE

Melbourne, VIC

homie.com.au

An $10,000 grant to assist in the establishment of HoMie, a retail training and employment program for young homeless people.

Grant application supported by FPA member Julian Place CFP®

Conscious Creative has established HoMie, Australia’s first ever retail training and employment program for young homeless Melburnians aged 18-25. HoMie clothes, trains and employs people who are experiencing homelessness.

Clothes are distributed to the homeless community during monthly VIP Shopping Days at HoMie, where those affected by homelessness are invited to shop for free. One of the lasting legacies of VIP Shopping Days is the connectedness and confidence it fosters through the bridging of different communities.

Grants Program

CONSCIOUS CREATIVE

Melbourne, VIC

kidsoffthekerb.org

An $8,000 grant to support Flipin-it, a program to provide employment pathways for at-risk young people.

Grant application supported by FPA member Troy Rosenlis AFP®

Kids off the Kerb is a not-for-profit organisation that assists disadvantaged and at-risk young people to help them reach their potential. Kids off the Kerb offers projects using environmental and recycling platforms to create sustainable education, training and employment opportunities for young people. These projects provide young people with work experience and training opportunities, as well a pathway into paid work.

Kids off the Kerb launched a new project, Flipin-it, to expand its recycling program by selling refurbished and recycled goods online and at an onsite shop run by young people. This project will open up access to more skills and jobs such as digital marketing, business operations and product photography.

Nathan Stirling, founder of Kids Off The Kerb, believes that education, work experience and training activity has the power to break negative cycles and transform lives by helping disadvantaged young people to secure employment. Employment is crucial to provide young people with the essential income and self-respect they need, as well as giving them a sense of personal and social identity, and inclusion in the wider community.

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Grants Program

KIDS OFF THE KERB

“There are so many good news stories of young adults either progressing to gainful employment through the skills they have learnt, or who have started their own initiatives with the support of Kids Off the Kerb.” Troy Rosenlis AFP®

West Busselton, WA

lampinc.org.au

An $10,000 grant to support at-risk young men.

Grant application supported by FPA member Peter Farrar CFP®

Lamp Inc provides mental health community support to assist in the social well-being, dignity and personal independence of adults and young people experiencing mental illness.

The Room 226 Youth Support Program run by Lamp Inc is designed to support young people and their families and carers who may be experiencing depression, anxiety, self-harm, social isolation, family conflict and suicidal ideation.

The project “Backyard Blokes” has been designed to further expand opportunities to work with young men at risk of self-harm and social isolation through peer connection, building of individual resilience and personal coping skills to reduce and address suicide in rural youth. The program seeks to deliver one-on-one assistance, regular peer group meetings and information sessions to increase emotional literacy, communication and self-expression, in order to reduce the effects of bullying.

FPA member Peter Farrar CFP® has a deeply personal connection to Lamp Inc, having lost his teenage son, Lachy, to suicide in 2017. Peter says that sadly, “Lachy was one of eight people in Australia who chose to take their life on that day. And with eight people every day taking their life, suicide is the leading cause of death for 15-24 year olds in Australia, far exceeding the road toll, which is three people a day but has far greater publicity. Both are massive tragedies, and more needs to be done.”

Grants Program

LAMP INC

“The Future2 grant will help Lamp continue its hands-on support for people with mental health issues. I am just so grateful to have had the opportunity to see firsthand the good that Future2 is providing in the local community and for helping at risk youth in regional Western Australia.” Peter Farrar CFP®

Geraldton, WA

A $10,000 grant to support young disadvantaged people to achieve their driving license.

Grant application supported by FPA member Lisa Farnell CFP®

STAY is a supported youth accommodation service for vulnerable young people. The STAY Driving Program is aimed at supporting young people at risk to achieve their drivers licence. Most of the young people targeted are already driving without a licence and pose a risk to themselves and the community. Through the program, they are supported to achieve up to 12 lessons with a professional driving instructor, as well as supported driving hours provided by qualified STAY youth workers.

Grants Program

SHORT TERM ACCOMMODATION FOR YOUTH (STAY)

“I have been involved with STAY for around six years now as Treasurer and now Vice Chair. For many young people, the cost of obtaining a license is prohibitive, so this program is their only means of doing so. If they can’t drive, then their job prospects are limited, especially in a regional town with limited public transport…This is an amazing organisation that at least provides a safe place to sleep. For many young people it is life changing”. Lisa Farnell CFP®

GRANTS AWARDED 2007 - 2017

Recipient Project Supporting Financial Planner

Grant Value

2017

Riding for the Disabled of the ACT Inc (Pegasus)Canberra ACT

Equine Facilitated Learning (EFL) Lisa Weissel CFP® $10,000

Byron Youth Service Byron Bay NSW

$-Smart Youth financial literacy course.

Shane Hayes CFP® $5,000

The Run Beyond Project Sydney NSW

Running training for students who are refugees.

David Hazlewood CFP® $10,000

BestLife Foundation Brisbane QLD

Quality away-from-home experiences for 6-19 year olds living with disability.

David Larman CFP® $10,000

Balkanu Cape York Development Corporation Cape York QLD

A youth employment program for indigenous Australians.

Ian Byrne CFP® $10,000

Special Olympics AustraliaMackay QLD

Provides travelling jackets to a team from Mackay.

Beverley Ferris CFP® $10,000

EBL Disability Services Adelaide SA

Purchase and roll-out of Augmented and Alternative Communication equipment.

Tracey Edwards CFP® $10,000

Junction AustraliaAdelaide SA

Supporting driving lessons for homeless young people.

Natalie Bordun CFP® $10,000

Beacon Foundation Hobart TAS

Provides employment pathways for young people.

Todd Kennedy CFP® $10,000

Teen ChallengeLaunceston TAS

A prevention and early intervention program for at-risk young people.

Wayne Fenton AFP® $10,000

Conscious CreativeMelbourne VIC

Assist in establishing HoMie, a retail training and employment program for young homeless people.

Julian Place CFP® $10,000

Kids off the KerbMelbourne VIC

Supporting Flipin-it, providing employment pathways to at-risk young people.

Troy Rosenlis AFP® $8,000

Lamp IncWest Busselton WA

Supporting at-risk young men. Peter Farrar CFP® $10,000

Short Term Accommodation for Youth (STAY)Geraldton WA

Supporting young disadvantaged people to achieve their driving lessons.

Lisa Farnell CFP® $10,000

Grants Program

Grants Program


Grant Value

2016

Multicultural Youth South Australia IncNorwood SA

MYSA’s ‘Little Miss Fix It’ Program Yee-Wah Hooi-Duran CFP®

$10,000

Kimberley Group TrainingKununurra WA

KGT Hospitality Program Colleen Walter CFP® $10,000

The Carevan FoundationAlbury VIC

Kids Cooking and Caring Neil Evans CFP® $10,000

Waringarri Media Aboriginal Corporation Kununurra WA

East Kimberley Kids Media Participation

Julie Matheson CFP® $10,000

West Moonah Community HouseWest Moonah TAS

L1 License Training James McCulloch CFP® $10,000

EACH - HeadspacePort Macquarie NSW

Holyoake Drumbeat Program Warrick Affleck CFP® $10,000

BestLife IncCoorparoo QLD

BestLife Sleepovers David Larman CFP® $10,000

2015

Youth OpportunitiesSomerton Park, SA

Program to empower disadvantaged youth in Adelaide’s northern suburbs through a personal leadership program, one-on-one coaching and group activities.

Eddie Bell AFP® $30,000 over

3 years

Launceston City MissionLaunceston, TAS

Get Smart, a recovery program for teens with addictive behaviours using cognitive behaviour therapy.

David Gibson CFP® $25,000 over

3 years

Youth FuturesJoondalup, WA

The NEST, a program to empower teenage mothers who are at risk of losing custody of their babies by breaking the cycle of disadvantage.

Antony Black AFP® $30,000 over

3 years

Esther FoundationSouth Perth, WA

Training and work experience in a social enterprise cafe for young women in crisis.

Randall Stout CFP® $30,000 over

3 years

Albury Wodonga Volunteer Resource BureauAlbury NSW

Training and community mentoring to enable a smooth transition to adulthood for culturally and linguistically diverse young Australians.

Ian Clark CFP® $10,000


Grants Program


Youth ConnectMoorabbin, VIC

Wheelly Good Coffee, a coffee cart social enterprise providing access to training and support for young people to secure employment.

Hari Maragos CFP® $8,000

National Joblink Darwin, NT Youth Employment, a program to develop skills and access to jobs for unemployed 18-25 year olds.

Susie Erratt CFP® $9,000

2014

BackTrack Youth WorksArmidale NSW

Work experience and job readiness training in agriculture, aimed at young women 18-25 years

Matthew Meehan CFP® $30,000 over

3 years

Bridge Builders Ltd Youth OrganisationLilydale, VIC

Leadership program including education and skills training for 12-25 year olds

Craig Ralph CFP® $30,000 over

3 years

Edmund Rice CampsLower Plenty VIC

Summer camp to engage through mentoring and experience for girls 12-18 years

David Moloney CFP® $10,000

Palngun Wurnangat AssociationWadeye NT

Widening horizons through work experience, a program for young women

Kathy Havers CFP® $30,000 over

3 years

Windeward Bound TrustSandy Bay TAS

Youth Leadership Challenge on the Windeward Bound, with Tasmanian youths mentoring ‘new’ Tasmanians from refugee backgrounds

Byron Arnold CFP® $10,000

Wirrpanda FoundationLeederville NT

Deadly Brotha Boyz, a fitness and mentoring program aimed at young male aboriginal offenders

Peter Gilkison CFP® $10,000

Women’s Health & Family ServicesNorthbridge WA

An education and empowerment program for young women affected by domestic violence, drug and alcohol misuse or mental health issues

Kelly-Louise Pillay CFP® $30,000 over

3 years


Grant Value

Grants Program

2013

Beyond EmpathyArmidale, NSW

Access All Areas, an arts and cultural program to divert young Aboriginals from drugs and alcohol abuse.

Kyle Pearson CFP® $10,000


Bridging the Gap, a leadership and engagement program for Year 10 students.

David Dyson CFP® $5,000 top-upgrant

Byron Bay Community Association IncByron Bay, NSW

The Byron Community Cafe offers mentoring and work experience to young people seeking to get onto the employment ladder in a region where youth employment is 10% above the national average.

Paul Murphy CFP® $5,000 top-up grant

The Esther FoundationSouth Perth, WA

Positive Pathways, a program to give young women access to education, training and work skills through a social enterprise cafe and catering business.

Peter Dowling CFP® $10,000

Palngun Wurnangat AssociationWadeye, NT

Retail and hospitality training for indigenous youth and micro enterprise owners in Wadeye, 400km south west of Darwin.

Kathy Havers CFP® $10,000

Shine for KidsSilverwater, NSW

Stand As One, juvenile justice mentoring for 15-18 year olds transitioning from detention back into the community.

Susan Du Chesne CFP® $10,000

StreetWork IncChatswood, NSW

Kickstart Mentoring, a program for ‘at risk’ 11-18 year olds in Sydney, Gosford, the Central Coast and Newcastle.

Sally Manion CFP® $10,000



Grant Value

Grants Program



Grant Value

2012

BackTrack Youth WorksArmidale, NSW

BackTrack AgLads provides training and work experience in agriculture to the most at-risk youths in the Armidale community.

Matthew MeehanFPA Member

$10,000

Baptist Union of Queensland Community Services GroupNikenbah, QLD

The Glendyne mentoring and youth development program builds respect and trust between young people from dysfunctional and disadvantaged backgrounds and their teachers and elders.

Shane BradburyAFA Member

$5,000


Bridging the Gap, a leadership and engagement program for Year 10 students.

David Dyson CFP®

FPA Member$10,000

Byron Bay Community Association IncByron Bay, NSW


Paul MurphyFPA Member

$5,000

Save the Children AustraliaEast Melbourne, VIC

Transition from Detention, a 12-moth diversionary youth justice program seeking to break the destructive pattern of 15-18 year old boys in detention at the Cobham Juvenile Justice Centre.

Anne Graham CFP®

FPA Member$10,000

Southern Youth & Family Services AssociationWollongong, NSW

New Education, Training, Work Opportunities Resource (NETWORK), and engagement program for 16-24 year olds who are homeless or disadvantaged and unable to compete in the employment market.

Ray GriffinFPA Member

$10,000

Youth Opportunities AssociationSomerton Park, SA

Personal Leadership Program, to encourage leadership and engagement among disadvantaged young people in Year 10 who are transitioning to adulthood.

Adrian Zoppa CFP®

FPA Member$10,000

Grants Program



Grant Value

2011

Australian Children’s Music FoundationNorth Sydney, NSW

Funding music teachers in the Frank Baxter and ACMENA centres in NSW, enabling emotionally troubled young people to experience the positive and creative impact of making music.

John TuttFPA Sydney Chapter member

$5,000

Baptist Union of Queensland Community Services GroupNikenbah, QLD

The Glendyne mentoring and youth development program builds respect and trust between young people from dysfunctional and disadvantaged backgrounds and their teachers and elders.

Shane BradburyAFA Member

$10,000

Byron Community Association IncByron Bay, NSW


Paul MurphyFPA Member

$10,000

Family & Resource Network Support (FRANS)Croydon, NSW

Financial literacy program offering up to 20 intellectually and physically disabled 18-24 year olds the opportunity to develop money skills essential to independent living.

Guy ThornycroftFPA Sydney Chapter member

$5,000

Live Free TassieEllendale, TAS

A financial and life skills training and mentoring program delivered by local financial planners to young addicts at a residential treatment centre, aimed at breaking the cycle of welfare dependence.

Andrew GloverFPA Member

$15,000

Grants Program



Grant Value

2010

Australian Children’s Music FoundationNorth Sydney, NSW

Funding music teachers in the Frank Baxter and ACMENA centres in NSW, enabling emotionally troubled young people to experience the positive and creative impact of making music.

John TuttFPA Sydney Chapter member

$10,000

Family Resource & Network Support (FRANS)Croydon, NSW

Financial literacy program offering up to 20 intellectually and physically disabled 18-24 year olds the opportunity to develop money skills essential to independent living.

Guy ThornycroftFPA Sydney Chapter member

$10,000

Mission Australia’s Charcoal LaneMelbourne, VIC

A social enterprise offering work experience, training and support to Aboriginal and disadvantaged young people in a top end restaurant.

Julian Place CFP®

FPA Melbourne Chapter$15,000

Galilee Canberra, ACT

Galilee’s LIFT program for young mothers living in refuges was expanded to include a Young Woman’s Craft Group, providing hands-on training in small business management, literacy and numeracy skills.

Philip BascheFPA ACT Chapter and Galilee Director

$6,000

Friedrich Ataxia Research AssociationGold Coast, QLD

A joint AFA Foundation - Future2 grant to fund the purchase of two custom-built wheelchairs for young sisters with Friedrich Ataxia, an incurable degenerative disease.

Tony Lindley AFA Member

$5,000 Future2 Grant

$5,000 AFA Grant

Grants Program



Grant Value

2009

PCYCOrange, NSW

Music program to give disadvantaged young people their first hands-on experience of playing a musical instrument.

Peter Roan CFP®

FPA Western Division Chapter

$10,000

Time for KidsAdelaide, SA

Financial Wizards project, to help young parents of children in respite care set up household budgets and financial goals.

Kerrin Falconer CFP®

FPA SA Chapter$10,000

Youth Off the StreetsMascot, NSW

Scholarship program to assist 14-21 year olds to reach their full potential, achieve vocational goals and realise their capabilities.

Scot Andrews and Guy ThornycroftSydney Chapter

$10,000

2008

Loddon Murray Community Leadership , VIC

Youth leadership development program for north central Victorian rural communities.

John Daniel FPA member and LMCLP Director

$10,000

Youth Information & Referral Service Mackay, QLD

Young drivers support program to help socially excluded young people in Mackay and district gain their drivers licenses and a better chance of work.

Matthew Stevens & Josh EisemannFPA Mackay & District Chapter

$5,000

Anglicare at the Magdalene CentreAdelaide, SA

Nile United Group and the Young Sudanese Women’s Network - follow up grant to support development of NUYG and a new program for young women.



WhitelionMelbourne, VIC

Mentoring program for young offenders and those at risk of custody.

David Haintz CFP® $10,000

2007

Access MilduraMildura, VIC

New retail training facility to expand employment for disabled and under-privileged youth in Sunraysia.

Stephen Wait CFP®

FPA Sunraysia Chapter$10,000

Anglicare at the Magdalen CentreAdelaide, SA

Nile United Youth Group: project to assist young Sudanese refugees to integrate into Australian life while retaining their cultural values and links.



SearchLight Brisbane, QLD

Future2 Financial Success - project to develop the financial and life skills of young mothers alienated from their families and mainstream education.

Delma Newton CFP®

FPA Brisbane Chapter$10,000

Financial ReportFor the year ending

30 June 2018

FUTURE2STATEMENTOFCOMPREHENSIVEINCOME

FORTHEYEARENDED30JUNE2018

Notes

2018

2017

$ $ $ $

Revenue Donationsandsponsorships 151,931 351,714 AuctionBids 18,740 11,200 Raffles 60,249 9,360 OtherIncome 4,458 2,472 TotalRevenue 2 235,378 374,746 EventsIncome&Cost

EventsIncome 272,427 132,820 Catering&VenueHire (77,818) (48,375) Travel&Entertainment (20,862) (13,189) EventsSetUp&ManagementFee - (7,700) Marketing&Printing (4,068) (2,133) EventsInsurance (3,218) (2,978) Merchandise (2,720) (1,760) WebDesignforEvents - (595) TotalNetEventsIncome 2 163,741 56,090 OtherIncome Netinvestmentincome 38,976 32,984 InterestanddividendIncome 33,493 36,726 Rebate 151 199 TotalOtherIncome 2 72,620 69,909 TotalRevenueandOtherIncome 471,739 500,745 Expenses Commission/Fees (9,832) (7,564) Insurance (2,305) (2,305) Legal&Accounting (406) (1,038) Marketing&Printing (4,536) (2,338) Merchantfees (2,064) (2,396) Wages&Salaries (60,000) (60,000) StampDuty (201) (201) WebDesign&Management (6,576) (5,604) TotalExpenses (85,920) (81,446)

NetSurplusBeforeGrants 385,819 419,299 Grants (133,000) (185,000) Netsurplusofincomeoverexpenditure 252,819 234,299 Othercomprehensiveincome - -

Netsurplusfortheyear 252,819 234,299

TheStatementofComprehensiveIncomeshouldbereadinconjunctionwiththeaccompanyingnotes.

FUTURE2STATEMENTOFFINANCIALPOSITION

ASAT30JUNE2018

Notes 2018 2017

$ $ CURRENTASSETS

Cashandcashequivalents 3 715,910 691,944 Tradeandotherreceivables 4 74,568 42,869 Investments 5 732,097 559,396 Prepayments 22,143 9,534 TOTALCURRENTASSETS 1,544,718 1,303,743

TOTALASSETS 1,544,718 1,303,743 CURRENTLIABILITIES

TradeandotherpayablesDeferredrevenue

6

8,012

105,188

44,46380,581

TOTALCURRENTLIABILITIES 113,200 125,044 TOTALLIABILITIES 113,200 125,044

NETASSETS 1,431,518 1,178,699

EQUITY RetainedEarnings 7 1,431,518 1,178,699

TOTALEQUITY 1,431,518 1,178,699

TheStatementofFinancialPositionshouldbereadinconjunctionwiththeaccompanyingnotes.

FUTURE2STATEMENTOFCHANGESINEQUITYFORTHEYEARENDED30JUNE2018

Notes 2018 2017

$ $

TOTALEQUITYATTHEBEGINNINGOFTHEYEAR 1,178,699 944,400

Netsurplusfortheyear 252,819 234,299

TOTALEQUITYATTHEENDOFTHEYEAR 1,431,518 1,178,699

FUTURE2STATEMENTOFCASHFLOWS

FORTHEYEARENDED30JUNE2018

Notes 2018 2017

$ $ CASHFLOWSFROMOPERATINGACTIVITIES Donationsandotherincome 500,713 543,969 Grantspaidduringtheyear (170,500) (147,500) Paymentstosuppliersandemployees (206,166) (190,802)

Netcashflowsfromoperatingactivities 3 124,047 205,667

CASHFLOWSFROMINVESTINGACTIVITIES

Interestanddividendreceived 33,493 36,726

(Paymentsfor)/Redemptionoffixedtermdeposits (90,000) 210,000

Purchaseofinvestments (43,574) (6,736)

Netcashflows(usedin)/frominvestingactivities

(100,081) 239,990

NETINCREASEINCASHANDCASHEQUIVALENTS

23,966

445,657

Cashandcashequivalentsatbeginningofperiod

691,944

246,287

CASHANDCASHEQUIVALENTSATTHEENDOFPERIOD 3 715,910 691,944

TheStatementofChangesinEquityandStatementsofCashFlowsshouldbereadinconjunctionwiththeaccompanyingnotes.

FUTURE2NOTESTOTHEFINANCIALSTATEMENTSFORTHEYEARENDED30JUNE2018

NOTE1:STATEMENTOFSIGNIFICANTACCOUNTINGPOLICIES

Corporateinformation

The financial statements of Future2 (the “Trust”) for the year ended 30 June 2018 were authorised for issue inaccordancewitharesolutionofthedirectorsofFuture2FoundationLimited(the“Trustee”).

Basisofpreparation

ThedirectorsoftheTrusteehavepreparedthefinancialstatementsoftheTrustonthebasisthatthetrustisanon-reporting entity because there are no users dependent on general purpose financial statements. The financialstatementsarethereforespecialpurposefinancialstatementsthathavebeenpreparedforthepurposeoffulfillingthedirectors’financialreportingresponsibilitiesundertheAustralianCharitiesandNot-for-ProfitsCommissionAct2012.

These financial statementshavebeenprepared inaccordancewith the recognitionandmeasurement requirementsspecified by theAustralian Accounting Standards and Interpretations and the disclosure requirements of AASB 101PresentationofFinancialStatements,AASB107StatementofCashFlows,AASB108AccountingPolicies,Changes inAccounting Estimates and Errors and AASB 1054 Australian Additional Disclosures. Such accounting policies areconsistentwiththepreviousperiodunlessstatedotherwise.

Thefinancialstatementshavebeenpreparedonanaccrualsbasisandarebasedonhistoricalcostsunlessotherwisestatedinthenotes.

Changesinaccountingpolicy

AnumberofnewAustralianAccountingStandardsandamendmentshavebecomemandatoryforadoptionfromannualreportingperiodbeginning1July2017,buthavenothadanymaterialeffectonthefinancialpositionorperformanceoftheTrust.

AccountingStandardsissuedbutnotyeteffective/earlyadoptionofAccountingStandards

Anumberofnewaccountingstandardshavebeenissuedbutarenotyeteffective.TheTrusthasnotelectedtoearlyadoptanyofthosenewstandardsoramendmentsinthisfinancialreport.Thesenewstandardsandamendments,whenappliedinfutureperiods,arenotexpectedtohaveamaterialimpactonthefinancialpositionorperformanceoftheTrust.

Significantaccountingpolicies

(a)Cashandcashequivalents

Cashincludescashatbankandshorttermdepositswithanoriginalmaturityofthreemonthsorlessthatarereadilyconvertibletoknownamountsofcashandwhicharesubjecttoaninsignificantriskofchangesinvalue(b)RevenueRevenueisrecognisedandmeasuredatthefairvalueoftheconsiderationreceivedorreceivabletotheextentthatitisprobablethattheeconomicbenefitswillflowtotheTrustandtherevenuecanbereliablymeasured. Thefollowingspecificrecognitioncriteriamustalsobemetbeforerevenueisrecognised:DonationsandsponsorshipsDonationsandsponsorshipsarerecognisedasincomewhencontrolofarighttoreceivethedonationisattained,usuallyevidenced by receipt of cash unless they are designated for a specific purpose,where they are carried forward asdeferredrevenueonthestatementoffinancialposition.


NOTE1:STATEMENTOFSIGNIFICANTACCOUNTINGPOLICIES(CONT’D)

Significantaccountingpolicies(cont’d)

(b)Revenue(cont’d)RevenueisrecognisedandmeasuredatthefairvalueoftheconsiderationreceivedorreceivabletotheextentthatitisprobablethattheeconomicbenefitswillflowtotheTrustandtherevenuecanbereliablymeasured. Thefollowingspecificrecognitioncriteriamustalsobemetbeforerevenueisrecognised(cont’d):EventsincomeEventsincomeisrecognisedwhentheeventstakeplace.InterestanddividendincomeInterestisrecognisedasrevenueonanaccrualbasisusingtheeffectiveinterestmethod.Dividendincomeisrecognisedasrevenuewhentherighttoreceivepaymentisestablished.Allrevenueisstatednetoftheamountofgoodsandservicestax(GST). (c) TradeandotherreceivablesTrade receivables, which generally have 30-90 day terms, are recognised initially at fair value and subsequentlymeasuredatamortisedcostusingtheeffectiveinterestmethod,lessanallowanceforimpairment,ifany.Collectabilityoftradereceivablesisreviewedonanongoingbasisatanoperatingunitlevel.Individualdebtsthatareknowntobeuncollectablearewrittenoffwhenidentified.AnimpairmentprovisionisrecognisedwhenthereisobjectiveevidencethattheTrustwillnotbeabletocollectthereceivable.Financialdifficultiesofthedebtor,defaultpaymentsordebtsmorethan60daysoverdueareconsideredobjectiveevidenceofimpairment.Theamountoftheimpairmentlossisthedifferencebetweenthereceivable’scarryingamountandthepresentvalueofestimatedfuturecashflows,discountedattheoriginaleffectiveinterestrate.(d) InvestmentsandotherfinancialassetsInvestmentsandother financialassets in thescopeofAASB139areclassifiedaseither financialassetsat fairvaluethrough profit or loss, loans and receivables, held to maturity investments, or available-for-sale financial assets.CurrentlytheTrustholds‘investmentsatfairvaluethroughprofitorloss’and‘loansandreceivables'.FinancialassetsatfairvaluethroughprofitorlossFinancialassetsatfairvaluethroughprofitorlossincludefinancialassetsheldfortradingandfinancialassetsdesignateduponinitialrecognitionatfairvaluethroughprofitorloss.Financialassetsareclassifiedasheldfortradingiftheyareacquiredforthepurposeofsellingorrepurchasinginthenearterm.Financialassetsatfairvaluethroughprofitorlossareinitiallyrecognisedatfairvalue.Afterinitialmeasurement,suchfinancialassetsarecarriedinthestatementoffinancialpositionatfairvaluewithnetchangesinfairvaluepresentedasnetinvestmentincome/(loss)inthestatementofcomprehensiveincome.LoansandreceivablesThiscategoryincludestradeandotherreceivablesandtermdepositsininvestments.Loansandreceivablesarenon-derivativefinancialassetswithfixedordeterminablepaymentsthatarenotquotedinanactivemarket.Loansandreceivablesareinitiallyrecognisedatfairvalueplustransactioncoststhatareattributabletotheacquisitionofthefinancialasset. After initialmeasurement,suchfinancialassetsaresubsequentlymeasuredatamortisedcostusingtheeffectiveinterestmethod,lessimpairment.


NOTE1:STATEMENTOFSIGNIFICANTACCOUNTINGPOLICIES(CONT’D)

Significantaccountingpolicies(cont’d)

(e) TradeandotherpayablesTradeandotherpayablesarecarriedatamortisedcostduetotheshorttermnaturearenotdiscounted.TheyrepresentliabilitiesforgoodsandservicesprovidedtotheTrustpriortotheendofthefinancialyearthatareunpaidandarisewhentheTrustbecomesobligedtomakefuturepaymentsinrespectofthepurchaseofthesegoodsandservices.Theamountsareunsecuredandareusuallypaidwithin30daysofrecognition.

(f) GoodsandServicesTax(GST)Revenues,expensesandassetsarerecognisednetoftheamountofGST,exceptwheretheamountofGSTincurredisnotrecoverablefromtheAustralianTaxationOffice.InthesecircumstancestheGSTisrecognisedaspartofthecostofacquisitionof theassetoraspartofan itemofexpense. Receivablesandpayables intheBalanceSheetareshowninclusiveofGST.

(g) ComparativeFiguresWherenecessary,comparativeshavebeenreclassifiedandrepositionedforconsistencywithcurrentyeardisclosures.


Notes 2018 2017

$ $

NOTE2:REVENUEANDOTHERINCOME

Donationsandsponsorshipsreceived 235,378 374,746Totalneteventsincome 163,741 56,090Netinvestmentincome 38,976 32,984Interestanddividendincome 33,493 36,726Otherincome 151 199

471,739 500,745

NOTE3:CASHANDCASHEQUIVALENTS

Cashatbank 465,910 441,944Shorttermdeposit 250,000 250,000 715,910 691,944Reconciliationofnetsurplusfortheyeartonetcashflowsfromoperatingactivities

Netsurplusfortheyear 252,819 234,299Netinvestmentincome (38,976) (32,984)InterestIncomeandRebate (33,644) (36,925)Increaseintradeandotherreceivables (31,699) (34,044)(Increase)/decreaseinprepayments (12,609) 11,446(Decrease)/increaseintradeandotherpayables (36,451) 38,918Increaseindeferredrevenue 24,607 24,957Netcashflowsfromoperatingactivities 124,047 205,667

NOTE4:TRADEANDOTHERRECEIVABLES

Sundrydebtorsandreceivables 74,568 42,869 74,568 42,869


Notes 2018 2017

$ $

NOTE5:INVESTMENTS

HeldatfairvaluethroughprofitorlossRealestateinvestmenttrusts 45,567

45,119

Listeddomesticequities 344,765 304,955Internationalequityfunds 111,765 69,322

502,097 419,396Heldatamortisedcost Fixedtermdeposits 230,000 140,000 732,097 559,396

Theinvestmentsheldatfairvaluethroughprofitorlossarerecordedinthefinancialstatementsatfairvalueasof30Juneofeachfinancialyear.

NOTE6:TRADEANDOTHERPAYABLES

Tradecreditors 5,500 6,989TotalGSTliabilities 2,512 (26)Grantspayable - 37,500

8,012 44,463NOTE7:RETAINEDEARNINGS

Openingbalanceofretainedearnings 1,178,699 944,400Add:Currentyearsurplus 252,819 234,299Closingbalanceofretainedearnings 1,431,518 1,178,699


Notes 2018 2017

$ $

NOTE8:AUDITOR’SREMUNERATION

TheauditwasconductedbyErnst&Youngonanhonorarybasisandnofeeswerecharged.Thecostoftheauditfor2018isestimatedat$10,000.NOTE9:GRANTCOMMITMENTS

AspartoftheFuture2MaketheDifference!Grantsprogram,theTrustawardsgrantsonanannualbasiswithtermsrangingfrom1to3years.AllgrantsaremadeatthesolediscretionoftheTrustee,basedonathoroughevaluationofindividualapplications,determinationofrelativepriorities,andtheavailabilityoffunds.Formulti-yeargrantsawarded,theTrustretainstherighttoreviewthegrantsonanannualbasis.Withinoneyear - 37,500*Afteroneyearbutnotmorethanthreeyears - -

- 37,500*RecognisedasapayableinthepreviousyearasthepaymentofthegrantshasbeenconfirmedbytheTrustee.NOTE10:EVENTSOCCURINGAFTERREPORTINGDATE

Therearenosubsequenteventsthathaveoccurredafterthereportingdatethathaveafinancialeffectonthisfinancialreport.

15

Officeholders Directors Chair Matthew Brown CFP® Partner, MiQ Private Wealth

Patrick Canion CFP® CEO, ipac Western Australia Dr. Michael Neary Financial Services, DXC Marianne Perkovic Executive General Manager, Commonwealth Private

(resigned 16 February 2018) Anne Graham CFP® CEO, Story Wealth Management Joseph Hoe CFP® Senior Financial Adviser, Wealthwise Petra Churcher AFP® General Manager, ipac South Australia Michael Guggenheimer Chair of Directors, AMP’s advice business

(resigned 30 April 2018) Dante De Gori CFP® CEO, Financial Planning Association Alison Henderson CFP® Director, SWA Financial Planning Company Secretary Peter Bobbin Patron Paul Clitheroe AM Committee Members Grants Committee

Petra Churcher AFP® (Chair) Andrew Harris CFP® Fran Hughes CFP® Gary Jones AFP® Mark Alexander CFP® Steven O’Donoghue CFP® Todd Kennedy CFP® Susanne Erratt CFP®

Investment Committee Patrick Canion CFP® (Chair) Joseph Hoe CFP® Matthew Brown CFP® Petra Churcher AFP®

Fundraising & Marketing Committee

Anne Graham CFP® (Chair) Angus F. Stevenson CFP® Cara Williams AFP® Giles Gunesekera Glenn Sterrey CFP® Pene Lovett

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

Ernst & Young 200 George Street Sydney NSW 2000 Australia GPO Box 2646 Sydney NSW 2001

Tel: +61 2 9248 5555 Fax: +61 2 9248 5959 ey.com/au

Independent Auditor's Report to the Trustee of Future2

Report on the Financial Report

Opinion

We have audited the financial report, being a special purpose financial report, of Future2 (the “Trust”), which comprises the statement of financial position as at 30 June 2018, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes to the financial statements, including a summary of significant accounting policies, and the directors' declaration.

In our opinion, the accompanying financial report of the Trust is in accordance with the Australian Charities and Not-for-Profits Commission Act 2012, including:

a) giving a true and fair view of the Trust's financial position as at 30 June 2018 and of its financial performance for the year ended on that date; and

b) complying with Australian Accounting Standards to the extent described in Note 1, and the Australian Charities and Not-for-Profits Commission Regulation 2013.

Basis for Opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Trust in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter - Basis of Accounting

We draw attention to Note 1 to the financial statements, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the directors’ financial reporting responsibilities under the Australian Charities and Not-for-Profits Commission Act 2012. As a result, the financial report may not be suitable for another purpose. Our opinion is not modified in respect of this matter.


2

Responsibilities of the Trustee for the Financial Report

The directors of the Trustee are responsible for the preparation of the financial report that gives a true and fair view and have determined that the basis of preparation described in Note 1 to the financial statements is appropriate to meet the requirements of the Australian Charities and Not-for-Profits Commission Act 2012 and is appropriate to meet the needs of the Trustee. The directors’ responsibility also includes such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the Trust’s ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Trust or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Report

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report.

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial report, whether due to fraud

or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting

estimates and related disclosures made by the directors.


3

Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and,

based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Trust’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Trust to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial report, including the

disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Report on the requirements of the NSW Charitable Fundraising Act 1991 and the NSW Charitable Fundraising Regulations 2015 and the requirements of the WA Charitable Collections Act (1946) and the WA Charitable Collections Regulations (1947)

We have audited the financial report as required by Section 24(2) of the NSW Charitable Fundraising Act 1991 and the WA Charitable Collections Act (1946). Our procedures included obtaining an understanding of the internal control structure for fundraising appeal activities and examination, on a test basis, of evidence supporting compliance with the accounting and associated record keeping requirements for fundraising appeal activities pursuant to the NSW Charitable Fundraising Act 1991 and the NSW Charitable Fundraising Regulations 2015 and the WA Charitable Collections Act (1946) and the WA Charitable Collections Regulations (1947).

Because of the inherent limitations of any assurance engagement, it is possible that fraud, error or non-compliance may occur and not be detected. An audit is not designed to detect all instances of non-compliance with the requirements described in the above-mentioned Acts and Regulations as an audit is not performed continuously throughout the period and the audit procedures performed in respect of compliance with these requirements are undertaken on a test basis. The audit opinion expressed in this report has been formed on the above basis.


4

Opinion

In our opinion:

a) the financial report of the Trust has been properly drawn up and associated records have been properly kept during the financial year ended 30 June 2018, in all material respects, in accordance with:

i. sections 20(1), 22(1-2), 24(1-3) of the NSW Charitable Fundraising Act 1991;

ii. sections 10(6) and 11 of the NSW Charitable Fundraising Regulations 2015;

iii. the WA Charitable Collections Act (1946); and

iv. the WA Charitable Collections Regulations (1947).

b) the money received as a result of fundraising appeals conducted by the Trust during the financial year ended 30 June 2018 has been properly accounted for and applied, in all material respects, in accordance with the above mentioned Act(s) and Regulations.

Ernst & Young

Rita Da Silva Partner Sydney 17 October 2018

[email protected]

© 2018 Future2 Foundation

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