2realise Annual Report 2013

2013 ANNUAL REPORT

strength in partnerships

ANNUAL REPORT 2013 2

There is a strength in partnerships which

does not exist independently. It is at the

core of what we do, working diligently

to bring the best groups together for

young people 2realise their potential.

strength

partnerships

Strength in Partnerships2

We are3

Vision, Mission, Values4

The Growth of 2realise (Timeline)5

Chair/CEO Report6

Organisation Chart 8

Our Staff9

Treasurer’s Report12

Operations Report14

Events22

Partners and Supporters26

Financial Report 29

Highlights46

Acknowledgements47

3 ANNUAL REPORT 2013

2realise is a charity supporting young people to

develop their mental, social and emotional

resilience. The objective is to improve their

wellbeing, educational and employment outcomes.

2013 was a significant year in developing clearer strategies,

solidifying our team and executing programs which deliver

on our objective. Our journey of successful outcomes is

outlined in this annual report.

It is the story of a passionate and focused team purposely

recruited, fine tuning processes, understanding the needs

of both students and businesses, offering existing and new

programs that have been widely embraced.

When we were established in 1999 our focus was purely at

a local level. Our strategic plan which included the official

launch of our new brand in 2013, has taken us to reach a

national audience.

The programs we offer now have a far greater engagement.

The size of our database and particularly those we actively

work with is significantly larger. We are now recognised as

leaders on a far wider platform.

We understand the need and have developed solutions

which resonate and deliver results. It is an early intervention

approach to a societal issue, which has widespread long

term implications if not addressed.

There is a gap between the role of educational institutions

and building a career path. It is here where more than 20%

of Australia’s youth fall through and fail to complete Year 12,

with many ending up being long term welfare dependents.

We have refined and developed models and programs

which bridge the gap, benefiting young people and those

who in the future will need their skills to fill critical roles.

At the core of what we do is playing a critical role helping

2realise young people’s potential, through the strength in

our partnerships.

We are

Mission

Develop the capacity and skills

of young people, focusing on

employability, educational

outcomes and social and

emotional resilience, to assist

them to better integrate into

their community, realising their

existing skills and developing

their full potential.

Vision

Recognised national leader

facilitating quality services to

young people, to develop mental,

social and emotional resilience,

2realise their full potential.

Values

Respect, Understanding,

Team Work, Partnerships,

Leadership, Confidentiality,

Dare to Dream,

Communication.


1999

2013

1999-2005

2005-2009

2010-2014

Established in 1999 as Hills

Schools Industry Partnership (HillsSIP).

Rebranded as 2realise to reflect the organisation’s

new direction. Broadened

partnerships to a state and

national level and introduced new

programs.Delivered

Structured Workplace

Learning only.Delivered the Local

Community Partnership Program in conjunction

with the Structured Workplace Learning

program on a local level.

Delivered the Partnership Broker

program for two regions in Northern

Sydney and broadened partnerships to a

regional level.

The Growth of 2realise


We have chosen ‘strength in partnerships’ as our

theme for the 2013 annual report, with good reason.

It summarises the principle underlining all that we

have done, both internally and externally. In the past

year we began to lay the platform to realise our own

potential. Our key programs have expanded their

reach and some new initiatives have started to

make an impact. The year culminated in a strategic

review and the updating of our plans to take us

to the next level.

We would like to pay tribute to the work done by the

outgoing CEO, Sharon Grocott. Her dynamic leadership

guided us well in 2013 and we wish her well in her new role.

She has helped ensure our corporate governance structures

are now well in place, as is an improved financial structure

including accounting practises and procedures.

Through Sharon’s guidance we have increased our profile

with all levels of government. Last year she was given the

task of running a National

Shared Practice Workshop

by the Assistant Director of

the then named Australian

Government Department of

Education, Employment and

Workplace Relations (DEEWR)

Andrew Ferguson, to provide professional development

to Partnership Brokers around the country so that a Youth

Mental Health Forum Model could be developed.

The staff and Board have completed a strategic review

process, which included a focus on how we can turn our

weaknesses and risks into strengths. Indeed the smooth

transition in the leadership and the ease with which the

addition of new staff has occurred is a testament to the

success of our risk and change management strategies.

Our two main programs, Structured Workplace Learning

(SWL) and Partnership Broker (PB) have taken on some

new team members in the past year. This has allowed us to

build a more structured approach as we have recruited to

expand our strengths.

Our staff are a critical part of our success as they develop

relationships which build confidence in the community.

It takes the delivery of clear messages and incredible

coordination to forge and grow relationships.

It is a credit to our staff that we have such an impressive

array of businesses and educational institutions in our list of

partnerships. Ultimately the way these have translated into

making a real impact on our youth is the true reward.

In the past year we have further harnessed our relationships

with schools, taking up the challenge to make a real impact

on students, particularly those at risk of not completing their

Year 12 studies.


Chair/CEO Report

Rowena Stulajter, CEO


We have in the past year forged key partnerships with

business and community groups who have helped take us

beyond our local community. Our partnership approach

at 2realise is contributing to the long term goal of the PB

program; to develop a more highly skilled local workforce,

that is equipped for the global economy, by engaging

business as partners in education. Our partnerships

empower local communities to solve their own problems,

through the specialised support that we provide them. A

highlight was the national partnership established between

headspace, Youth Connections and the PB network.

SWL is continuing to work with businesses to ensure

students can receive the industry exposure they require

to meet their course requirements. 26 of the many more

employers who participate in this program, have now been

doing so for over a decade.

We have added to our core programs with the expansion

of ‘Industry Bites’ (an initiative developed by 2realise) and

the introduction of the Bridge to Employment program. The

details of the achievements of these programs are outlined

later in the report. It has been wonderful to see how each of

our programs can now provide leads for one another. They

have enabled us to expand our reach and work with the

likes of Woolworths Ltd, Sydney College of Skincare, Castle

Hill Police, Crowne Plaza Norwest, the RMS-Road Design

Department and Johnson & Johnson. They in turn provide

our youth with inspiration and new pathways they had in

many cases not realised existed.

Thank you to all the teachers,

principals, staff at community

organisations, all levels of

government and business,

who we have worked with in

the past year. Your time and

commitment makes it so much

easier to deliver these initiatives.

Thank you to DEEWR and the NSW Department of

Education and Communities for your ongoing support to

make the work we do possible. The continued development

of all four programs is a priority in 2014. Their success

and national recognition is driving an expansion. We are

working towards developing additional funding streams so

we can continue our work without solely being reliant on

the government funding for our two core programs. Last

year $170 655 was raised through grants and donations

independent of our two major funding contracts.

We would like to thank the members of the Board for their

positive influence and continued support. It is a privilege

to be part of this team which is breaking new ground in

guiding young people to become active contributors

to the Australian community. Rather than draining the

economy through the welfare system, they are becoming

a positive influence.

Already in 2014 we have strengthened partnerships and we

are working on some exciting initiatives to help all young

Australians to reach their full potential.

Gordon Conn, Chair


Partnership Broker Team Leader

Work Placement Team Leader

Chief Executive Officer Executive Assistant

2realise Board

Partnership Brokers

Work Placement Team Members

Partners*

BookkeepingCommunications & Marketing

FinanceGovernance

Grants and Special Projects Manager

Organisation Chart

Current as of March 2014

*2realise partners with external specialists to provide ongoing cost effective resources.


Our Staff

2realise recognises that the key to its success is

having skilled, dedicated and passionate staff to

fulfil the organisation’s mission and vision. We

have a strong focus on staff development for our

team of eleven.

In 2013 we provided them with training and development

in Leadership skills, Community Services, Mental Health

First Aid, Building Resilience, Exploring Choices in Parenting

Programs and Multiculturalism, Inclusion and Participation.

In 2013 staff were given the opportunity to participate in

the following groups;

• Hills Generalist Interagency

• Domestic Violence Interagency

• Hills Multicultural Network

• Lower North Shore Youth Interagency

• Hills Business Chamber

• Ryde Business Forum

• Ryde/Hunters Hill Youth Interagency

• Hills Youth Services Network Interagency

• Hornsby/Ku-ring-gai Youth Network

• Hills Mental Health Interagency

• Northern Sydney Careers Advisors Network

• Northern Sydney Region Chinese Community Network

• Northern Area Participation & Employment Committee

(NAPEC)

• Police and Principals Forum – The Hills and Ryde

2realise embeds itself in the local community and uses

interagencies as a platform to link community groups and

services in order to meet the needs of young people.

We encourage our staff to contribute to these groups not

only to further their development, but to provide valuable

input into the design of solutions for issues affecting young

people. We recognise our staff are our brand.

The health and wellbeing of staff is paramount. We offer

weekly fitness classes to all staff along with regular team

building initiatives and flexible working arrangements.

It is part of our culture to ensure staff are able to have a

healthy work and life balance.

2realise embeds itself in the local community and uses interagencies as a platform to link community groups and services in order to meet the needs of young people.

“I love being able to be part

of something that makes a

difference to young people”

Elizabeth Miles Work Placement Team Member

Rowena Stulajter, CEO

Taryn Soderman Work Placement Team Member

Jane Austen Partnership Broker

Dennis Seo Partnership Broker


It is very rewarding to help the youth who have the same issues that I had.

Dennis Seo

Making a difference to the lives of young people is the reason that I get up in the morning.

Rebecca Deep

Obtaining the Bridge to Employment contract was a highlight for us in 2013. It is exciting to be part of a global project that has had amazing outcomes for young people all over the world.

Gayna Soulintzis

Natalie Paoli Administration Assistant

Rebecca Deep, Grants and Special Projects Manager

Steve Cremona Partnership Broker

Di Agnew Work Placement Team Leader

Rachael Bruce Executive Assistant

Gayna BamforthPartnership Broker


Treasurer’s ReportDuring 2013 financial efforts were focused in four main areas:

1. The analysis and roll-out of financial standards for actual accounts.

2. Emphasis on the current programs being delivered, given key completion dates in 2014.

3. The presentation of the financial accounts with an emphasis on timely and transparent financial reporting.

4. Development of new programs and sources of income as a result of rebranding and achieving charity status.

For the year 2013 a financial surplus of $27,611 was

achieved, compared to $133,736 in 2012. This was a very

good result and reflects the efforts to spend to budget for

programs and improvements in the accounts through the

roll-out of updated financial standards as a result of efforts

to achieve 2realise’s charity status.

In subsequent years this financial surplus is expected to

grow with new programs made possible by our broader

strategic focus.

During 2013 a considerable amount of effort was focused on

preparing funding submissions to complete programs. This

deadline has somewhat been lessened with the extension

of current funding arrangements with the Department of

Education, Employment and Workplace Relations being

extended up to 31 December

2014. Nevertheless, this situation is being closely monitored, especially with the impending Federal Budget.

Account presentation is now in an easier to analyse dashboard type format. When March accounts are finalised, cash-flow will be transparent as spend broken down into monthly cash allocations.

Additional new initiatives have been put in place during 2013 including the establishment of a Finance & Audit committee. In addition, Board Member David Milne spent 2 months part-time reviewing the accounts as part of a due diligence audit.

Previous efforts to differentiate ourselves including the rebranding and achieving charity status are yielding benefits in terms of new programs and additional sources of income. This places 2realise in a good position to deal with any funding changes by the new government.

To date grants and donations have grown (excluding in-kind) to $170,665 which exceeded our initial target of $100,000 in 2 years. 2realise has received $85K of this funding to date and the rest will be received over several years. The growth in this source of income is expected to continue.

2realise is widening the regional area that our programs are delivered in, particularly as a result of applying for new grants and tenders.


Willian C. Horton, Treasurer


Bridge to Employment – preparing youth for brighter futures. See page 16

Operations Report

The quality and strength of the partnerships we have

developed opened new opportunities for 2realise in

2013. Our networks expanded as did our programs.

The strength of a partnership formed in the Industry

Bites program led to a grant from the world’s sixth

largest consumer health company, Johnson & Johnson,

to run their Bridge to Employment program for the first

time in Australia, launching in February 2014.

The following outlines our key programs and some

highlights for 2013.

StructuredWorkplace

Learning

Bridge toEmployment

IndustryBites

PartnershipBrokers


Structured Workplace Learning

The Structured Workplace Learning (SWL) program

is funded by the NSW Department of Education and

Communities. It assists with the mandatory work

placement component of student’s Vocational Education

and Training (VET) course, which they complete as part

of their Higher School Certificate (HSC).

In 2013 we recruited a new Team Leader, Di Agnew, whose

focus has been on improving communication channels

between stakeholders to allow for a more successful

delivery of the SWL program. To begin strengthening this,

2realise hosted a High Tea in November and invited all

teachers along.

Attendees heard from Host Employers about what is

working well and what could be working better. Teachers

were given the opportunity to ask lots of questions and have

meaningful discussions with host employers about how to

improve communication, student attendance and the work

placement process in general.

Many great suggestions were shared and we are already

seeing positive changes as a result of the event.

Placements

In 2013, 2realise organised 1595 student work placements

across the Hills and Hornsby regions. The range and

popularity of the various HSC VET courses is shown below.

Automotive 36

Business Services 114

Construction 279

Entertainment 127

Hospitality 898

Information Technology 80

Metals and Engineering 10

Tourism and Events 26

Other 25

2realise is committed to arranging placements that are

able to meet the needs of employers along with the needs

of the students. To provide additional flexibility, additional

placements are sourced to allow students greater choice. In

2013, 627 additional placements were sourced and offered

to students, an increase of 7% on 2012.

To further the variety of choices, 2realise was successful in

securing an additional 38 host employers in 2013.


2013

1595 student work placements

The Partnership Broker Program

The Partnership Broker program encourages a whole-

of-community approach to improving education and

transition outcomes for all young people. This is

achieved through building and enhancing partnerships

between four key stakeholders; Education and Training

Providers, Business and Industry, Parents and Families

and Community Groups. The goal is to help young

people to achieve Year 12 or equivalent qualifications

and reach their full potential.

2realise has funding from the Department of Education

to deliver the program in two regions in NSW (4 and 6)

covering the Hills District through to North Sydney. In 2013,

2realise brokered an additional 10 partnerships/projects

(42% more than in 2012) whilst continuing to support the

existing 12 (a 240% increase on 2012) that were brokered

in previous years. The establishment of the additional

partnerships resulted in approximately 1250 additional

young people being supported.

2013 really highlighted the strengths within our partnerships

and the continued opportunities that evolve as a direct

result of an initial partnership. The partnerships we brokered

stretched from local organisations to an international reach,

including the publishing of a paper for the G20 Youth

Summit. Following are three examples of some of

our partnerships:

Bridge to Employment

Bridge to Employment (BTE) was established as a result

of a current partnership between 2realise and Johnson &

Johnson through our Industry Bites program.

BTE is funded by Johnson & Johnson and is a partnership

between 2realise, Johnson & Johnson, Marsden High

School, Macquarie University and NSI TAFE. It also involves

working internationally with fhi360. The 3 year program

is providing 47 Marsden High School students with

activities that enrich their academic studies and engage

them into thinking about their future career options.

The program officially launched in February 2014, with

the work to commence the program beginning in the

final quarter of 2013.

Northern Sydney Region Chinese Community Network

Through the support of 2realise to the Northern Sydney

Region Chinese Community Network, a partnership was

formed to deliver the first Ethnic Youth Family Camp for

Chinese Community in September 2013.

The purpose of the camp was to support and educate

young people and their families about different styles of

communication and inter-generational relationship issues.

The success of the camp saw a new program emerge,

Emotional and Social Experiences within the Asian

Community, which incorporates student workshops

followed by parent workshops conducted in their native

tongue. The objectives are; to increase the understanding

of the roles culture and personal experience play in shaping

personal identity, its influence on our relational experiences,

and to provide practical strategies utilising cultural strengths

and qualities to develop resilience and coping skills within

the Asian community.



Youth

Men

tal H

ealth

For

um M

odel Partnership Broker N

ational N

etwork

Department of Education

fhi3

60

G20

You

th S

um

mit

Dep

artm

ent of

E

ducation Board of Studies

NSW Mental Health Working G

roup

PoliceCouncilsSchools

BusinessesSporting Associations

RSL ClubsNot-for-profit organisations

Charities

INTERNATIONAL

NATIONAL

STATE

LOCAL

Partnership Mapping

StreetSmart

Through our ongoing work to build local collaborations, we were approached by Wesley Mission to form a partnership

to deliver a youth outreach service, StreetSmart, within the Hills area. The aim is to provide an ongoing information

and referral service to young people to support them in areas such as mental health, drug and alcohol, sexual health,

employment and education.

We used existing networks to build a team of supporters

from a variety of local services including:

MTC Australia, NSW Police (Castle Hill),

Rivergum Church, Vineyard

Life Church, Rouse Hill Town Centre,

headspace, High Street Youth and

Nirimba TAFE to deliver the program.

The program now operates weekly with a team of paid

and volunteer workers providing much needed

support to a large group of young people.




Industry Bites

Industry Bites began as a small program offered to a limited number of schools

within the immediate area of where we are located. However due to the strengths

within our partnerships, the program has formed a strong reputation resulting in

new companies around Australia requesting to be involved in the program.

The aim of Industry Bites is to provide young people with a short snapshot into a

particular industry or organisation, educating them on the types of career paths within

and the requirements to reach these.

Participating students are given the opportunity to tour the

company and hear from key personnel about their career

journeys. There is a low level of involvement required from

businesses which provides a very attractive entry point for

them to engage with their future workforce.

In 2013, the program grew to include 10 companies with an

additional 4 joining in early 2014. 389 students participated in

Industry Bites in 2013, with 92% stating that their visit had

changed their mind about working within that company or

industry and 96% stated that they would like to attend

another visit.


Events2realise participates and in many cases helps

organise events through establishing partnerships.

The following are examples of some of the main

events of 2013.

In March we officially launched the 2realise brand as

part of a forum called Bounce Back, focussed on the

well-being and mental resilience of young people to ensure

the success of our future communities, businesses, and

social foundations. The event was attended by over 200

representatives from various community groups. Guest

speakers included; The Hon. Jillian Skinner MP, NSW

Minister for Health, Minister for Medical Research, Member

for North Shore, Megan Mitchell, NSW Commissioner for

Children and Young People, Nick Minto, BSc, BA,

Policy Adviser, Workforce Skills Policy and Advocacy,

NSW Business Chamber, Sebastian Robertson, Founder

of BATYR (an organisation with the mission to engage,

educate and empower young people to speak out

about social and mental health issues) and the MC was

David MacGregor, National Communications Manager,

Woolworths Supermarkets.


L-R: David MacGregor, Megan Mitchell, Sharon Grocott, Jillian Skinner,

Sebastian Robertson and Nick Minto


2realise coordinated the Post School Options Expo for

students with a disability, which was held in May. The event

provided young people with a disability, their teachers and

parents with the opportunity to talk to local service providers

regarding their future and next steps after High School.

The second Hornsby Ku-ring-gai Youth Forum was

held in April. The forum is aimed at removing the

stigma from mental health and empowering young

people to make a positive change within their schools

and community.


The Apprenticeship and

Traineeship Expo was held

for the third consecutive year,

providing alternative education and

employment opportunities for over

200 young people.


2realise formed a partnership between Castle Hill High School and the Hills Domestic Violence Interagency resulting in

fantastic fundraising efforts for White Ribbon Day.

180 students were given the opportunity to participate in RSA 4 Schools in 2013 which provided them with valuable

information on the effects of alcohol and the associated legislation. Students also received their Responsible Service of

Alcohol certificate which can assist them in gaining employment.

2realise supported local schools

to undertake Project Hero which

included interactive workshops

that focus on positive change

within school communities and

empowers young people to

realise their hero within. Students

are pictured here with their

“dream tree”.

Partners and Supporters

Thank you to our Funding Bodies:


NSW Department of Education and Communities



NSW Department of Education and Communities

Donations

Grants

Sponsorship from Johnson & Johnson

75.67%

17.80%

4.03% 1.74% 0.77%

Thank you to our business partners who have hosted work placement students for over 10 years:

• Crowne Plaza Norwest

• Merit Homes

• North Rocks Computer Technology

• The Winston

• Andrew Lacey Construction

• Turrell Building Services Pty Ltd

• Oatlands House

• Interfab Pty Ltd

• Mannell Motors

• Lots of Watts

• Amory Catering

• Cafe Sydney

• Castle Hill RSL

• Castle Hill Tavern

• Dural Country Club

• Hogs Breath Cafe

• Swissotel Sydney

• The Epping Club

• The Hills Lodge Grande Mercure

• Woodlands Nursing Home

• Cisco Systems Australia Pty Ltd

• Telstra – Wireless Device &

Applications

• Overkill Engineering

• Target – Castle Hill

• Hornsby RSL

• Travel by Design

• Johnson & Johnson

• Castle Hill Police

• The Concourse

• Sydney College of Skincare

• Woolworths Ltd (National Office)


Thank you to our Industry Bites partners

• McDonalds Head Office

• Castle Hill Holden

• Microsoft

• Roads and Maritime Services (Road Design)

ANNUAL REPORT 2013 X

(previously Hills Schools Industry Partnership Inc.)

ABN 80 481 576 931

Financial Report For the year ended 31 December, 2013

Board’s Report 32

Auditors Independence Declaration under 33

Section 307C of the Corporations Act 2001

Statement of Profit or Loss 34

Statement of Comprehensive Income 34

Statement of Financial Position 35

Statement of Changes in Equity 36

Statement of Cash Flows 37

Notes to the Financial Statements 38

Statement by Members of the Board 43

Auditors Report 44



Gordon ConnPosition: Chair

Portfolio: HR Management

Gordon has been involved

in education for in excess of

40 years. During that time he

experienced the privilege of

teaching in TAFE Vocational Education at a senior level,

Government and Private High Schools and Colleges.

He is a keen supporter of Dual Accreditation Courses

currently offered in NSW Schools which offer choice to

students wishing to take an alternative tertiary path other

than university.

David Milne Position: Board Member

David is the owner and Director

of Asystants Pty Ltd through

which he undertakes contract

project management work

to a range of businesses from

small to medium enterprises through to multinational

organisations. He holds a Bachelor of Commerce from

NSW University, is a member of the Institute of Chartered

Accountants in Australia and a Chartered Secretary.

Board of Directors

William Horton

Position: Treasurer

Portfolio: Finance and Funding

William is a global entrepreneur and

has performed senior management

roles in corporate strategy, financing,

start-ups, commercialisation of R&D,

project management, operational management and systems

management across different industries. William is currently

the CEO of NBP&F (AusBlodiesel), the Chairman of SPP (UK)

and the Chairman of Biodetectors.

Peter Brown Position: Board Member

Portfolio: Quality Assurance

Peter has worked within senior

public sector positions for over 30

years, including General Manager

of Lane Cove Council (10 years) and

various senior management positions in NSW Government

including NSW Health, Premiers, Public Service Board

and Juvenile Justice. He brings expertise and knowledge

in finance management, funding, strategic planning,

governance, HR, legal, and policy implementation.

Heather Holman

Position: Board Member

Heather is the Vocational Education

Consultant for NSW Department of

Education for the Northern Sydney

Region of schools. Heather’s role

is to support teachers and schools

across the range of vocational learning programs that

run in Northern Sydney Region. This includes the delivery

of HSC Vet courses and the management of Northern

Sydney as a Registered Training Organisation; TVET; Career

and transition programs involving Careers Advisers and

enterprise programs for all teachers in all curriculum areas.


2realise ABN 80 481 576 931

BOARD’S REPORT

Our Board members submit the financial statements of 2realise (previously Hills Schools Industry Partnership Inc.) for the financial

year ended 31 December 2013.

Board Members

The names of the Board members throughout the year and at the date of this report are:

Gordon Conn (Chair: appointed October 2013; previous Deputy Chair)

David Citer (General Board Member: resigned October 2013)

Peter Brown (Deputy Chair: appointed October 2013; previous General Board Member)

William Horton (Treasurer)

Rowena Stulajter (Acting CEO: appointed December 2013; Chair: appointed May 2013 and resigned Sep 2013; previous Secretary)

David Milne (General Board Member)

Heather Holman (General Board Member)

The Board members have been in office since the start of the financial year to the date of this report unless otherwise stated.

Principal Activities

The principal activities of the Association during the financial year were to build partnerships to support local secondary schools in

assisting young people.

Significant Changes

No significant change in the nature of these activities occurred during the year.

Operating Result

The profit for the financial year amounted to $27,611 (2012: $133,736 profit).

Signed in accordance with a resolution of the Members of the Board.

Gordon Conn William Horton

Chair Treasurer

Dated this 16 day of April 2014



The Board

2realise

PO Box 790

Baulkham Hills NSW 1755

16 April 2014

Dear Members

2realise

In accordance with section 307C of the Corporations Act 2001, I am pleased to provide the following

declaration of independence to the Board of 2realise.

As audit partner for the audit of the financial statements of 2realise for the financial year ended 31 December 2013,

I declare that to the best of my knowledge and belief, that there have been no contraventions of:

(i) the auditor’s independence requirements of the Corporations Act 2001 in relation to the audit; and

(ii) any applicable code of professional conduct in relation to the audit.

Yours sincerely

CROWE HORWATH SYDNEY

ASH PATHER

Partner

Crowe Horwath SydneyABN 97 895 683 573Member Crowe Horwath International

Level 15 1 O’Connell StreetSydney NSW 2000 AustraliaTel +61 2 9262 2155Fax +61 2 9262 2190www.crowehorwath.com.au

2realise ABN 80 481 576 931

STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED 31 DECEMBER 2013

2013 2012

Note $ $

Revenue 2 1,211,972 1,119,714

Accounting (27,210) (40,728)

Marketing (61,936) (41,055)

Office expenses (67,624) (81,071)

Rental expenses (23,796) (29,245)

Superannuation and other on costs (93,678) (112,131)

Wages and consulting expenses (721,337) (616,178)

Other expenses (188,780) (65,570)

Current year profit before income tax 27,611 133,736

Income tax expense - -

Net current year profit 27,611 133,736

Net current year profit attributable to members of the entity 27,611 133,736

STATEMENT OF COMPREHENSIVE INCOME


Net current year profit 27,611 133,736

Other comprehensive income:

Items that will not be reclassified subsequently to profit or loss - -

Items that will be reclassified subsequently to profit or loss when specific conditions are met - -

Total other comprehensive income for the year - -

Total comprehensive income for the year 27,611 133,736

Total comprehensive income attributable to members of the entity 27,611 133,736

The accompanying notes form part of these financial statements.


2realise ABN 80 481 576 931

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2013

2013 2012

Note $ $

CURRENT ASSETS

Cash on hand 3 806,919 841,866

Accounts receivable and other receivables 4 89,056 3,914

TOTAL CURRENT ASSETS 895,975 845,780

TOTAL ASSETS 895,975 845,780

CURRENT LIABILITIES

Accounts payable and other payables 5 31,037 23,002

Provisions 6 21,857 37,921

Deferred income 7 58,997 -

TOTAL CURRENT LIABILITIES 111,891 60,923

NON-CURRENT LIABILITIES

Provisions 6 - 28,384

TOTAL NON-CURRENT LIABILITIES - 28,384

TOTAL LIABILITIES 111,891 89,307

NET ASSETS 784,084 756,473

MEMBERS’ FUNDS

Retained profit 784,084 756,473

TOTAL MEMBERS’ FUNDS 784,084 756,473



2realise ABN 80 481 576 931

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2013 Retained Profit

$

Balance at 1 January 2012 622,737

Profit for the year attributable to members of the entity 133,736

Total comprehensive income attributable to members of the entity 133,736

Balance at 31 December 2012 756,473

Balance at 1 January 2013 756,4 73

Profit for the year attributable to members of the entity 27,611

Total comprehensive income attributable to members of the entity 27,611

Balance at 31 December 2013 784,084



2realise ABN 80 481 576 931

STATEMENT OF CASH FLOWS


2013 2012

Note $ $

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers 1,202,644 1,191,800

Payments to suppliers and employees (1,271,726) (1,078,438)

Interest received 34,134 38,638

Net cash provided by operating activities 8 (34,947) 152,000

Net increase in cash held (34,947) 152,000

Cash at beginning of financial year 841,866 689,866

Cash at end of financial year 3 806,919 841,866



2realise ABN 80 481 576 931

NOTES TO THE FINANCIAL STATEMENTS


Note 1: Statement of Significant Accounting Policies

This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the NSW Associations

Incorporation Act 2009. The Board has determined that the Association is not a reporting entity.

The financial report has been prepared on an accruals basis and is based on historic costs and does not take into account changing money values,

or except where specifically stated, current valuations of non-current assets.

The following significant accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the

preparation of this financial report.

(a) Impairment of Assets

At each reporting date, the Association reviews the carrying values of its tangible and intangible assets to determine whether there is

any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher

of the asset’s fair value less costs to sell and value-in-use, is compared to the asset’s carrying value. Any excess of the asset’s carrying

value over its recoverable amount is expensed to the statement of comprehensive income.

Where it is not possible to estimate the recoverable amount of an individual asset, the Association estimates the recoverable amount of

the cash-generating unit to which the asset belongs.

(b) Employee Benefits

Provision is made for the Association’s liability for employee benefits arising from services rendered by employees to the end of the

reporting period. Employee benefits that are expected to be settled within one year have been measured at the amounts expected

to be paid when the liability is settled. Employee benefits payable later than one year have been measured at the present value of the

estimated future cash outflows to be made for those benefits.

(c) Revenue and Other Income

Grant instalments are received when progress towards meeting the particular program’s outcomes has been made to a level satisfactory

to and accepted by the grant provider. As a result, the grant revenue is recognised when the grant instalment is received.

Interest revenue is recognised on a proportional basis taking into account the interest rate applicable to the financial assets.

All revenue is stated net of the amount of goods and services tax (GST).

(d) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with

original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the

statement of financial position.


2realise ABN 80 481 576 931

NOTES TO THE FINANCIAL STATEMENTS (continued)


Note 1: Statement of Significant Accounting Policies (continued)

(e) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with

original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the

statement of financial position.

(f) Income Tax

No provision for income tax has been raised as the Association is exempt from income tax under Division 50 of the Income Tax

Assessment Act 1997.

(g) Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST. Receivables and payables in the balance sheet are shown

inclusive of GST.

Cash flows are presented in the cash flow statement on a gross basis, except for the GST components of investing and financing

activities, which are disclosed as operating cash flows.

(h) Change in Accounting Policy

A number of Australian Accounting Standards have been issued or amended which are not yet effective and have not been adopted in

the preparation of the financial statements at the reporting date. They are not expected to impact on the Association in future years.

(i) Formation of the Association

The Association was incorporated on 20 March 1995 and is governed by rules and regulations set out in the Association’s constitution.

(j) Nature of the Association

The Association has been incorporated to build partnerships with industry and employer groups, schools, community organisations,

parents and other government and community organisations to assist young people gain the skills, experience and professional

guidance to help them achieve a successful transition through school, and from school to further education, training and employment



2realise ABN 80 481 576 931



Note 1: Statement of Significant Accounting Policies (continued)

(k) Going Concern of the Association

The current funding arrangement with the Department of Education, Employment and Workplace Relations has been extended up to

31 December 2014. Management is confident that a new funding arrangement will be agreed and entered into by that date. Further,

management is actively seeking alternative funding sources and is confident that the Association will continue as a going concern post

expiration of the current funding arrangement with the Department.

If alternative funding sources are not available post 31 December 2014, the going concern basis may not be appropriate. If this occurs

the Association may have to realise its assets and extinguish its liabilities other than in the ordinary course of business, and at amounts

different from those disclosed in the financial report.

No allowances for such circumstances have been made in this financial report.

(l) Utilisation of Funding

The Association has not utilised all grants received at the end of the current financial year. This is mainly due to the timing difference

between the receipts of the grants and program deliveries in a given time period. This has contributed to the profit in the current

financial year.

(m) Comparative Figures

Where required by the Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the

current financial year.

(n) Plant and Equipment

All plant and equipment is acquired for use as part of the grant programmes, as a result, it is expensed immediately to the statement of

comprehensive income.


2realise ABN 80 481 576 931


FOR THE YEAR ENDED 31 DECEMBER 2013 2013 2012

$ $

Note 2: Profit Before Income Tax

a) Expenses

Rental fees 21,875 29,245

Audit fees 8,000 6,000

Employee expenses 815,015 728,309

b) Significant Revenue

Donations 52,554 -

Grants 1,091,183 1,081,076

Note 3: Cash and Cash Equivalents

Cash at bank 806,919 841,866

Note 4: Trade and Other Receivables

CURRENT

Trade receivables 89,056 4

Other receivables - 3,910

89,056 3,914

Note 5: Trade and Other Payables

CURRENT

Other payables 13,724 -

Accruals 17,313 23,002

31,037 23,002

Note 6: Provisions

CURRENT

Provision for annual leave 21,857 37,921

NON-CURRENT

Provision for long service leave - 28,384


2realise ABN 80 481 576 931

NOTES TO THE FINANCIAL STATEMENTS (continued)FOR THE YEAR ENDED 31 DECEMBER 2013 2013 2012

$ $

Note 7: Deferred Income

Grants received in advance 58,997 -

Note 8: Lease Commitments

a) Operating Lease Commitments

Being for rent of office

Payable – minimum lease payments:

- not later than 12 months 14,000 -

- between 12 months and 5 years 583 -

Note 9: Cash Flow Information

(a) Reconciliation of cash

Cash at the end of the financial year as shown in the cash flow statement is reconciled

to items in the balance sheet as follows:

Cash on hand 806,919 841,866

(b) Reconciliation of Cash Flow from operations with profit from ordinary

activities after income tax

Profit/ (loss) from ordinary activities after income tax 27,611 133,736

Changes in assets and liabilities:

(Increase) / decrease in receivables (89,052) 957

(Increase) / decrease in other receivables 3,910 (83)

Increase / (decrease) in payables 56,395 (3,965)

Increase / (decrease) in employee entitlements (44,449) 21,355

Increase/ (decrease) in accruals 10,638 -

(34,947) 152,000

Note 10: Events Subsequent to Reporting Date

No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect

operations of the Association, the results of those operations or the state of affairs of the Association in future financial years.

Note 11: Contingent liabilities and Contingent Assets

The Members of the Board are not aware of any potential contingent liabilities or assets as at the reporting date.


2realise ABN 80 481 576 931

STATEMENT BY MEMBERS OF THE BOARD

The Board has determined that the Association is not a reporting entity and that this special purpose financial report should be prepared in

accordance with the accounting policies outlined in Note 1 to the financial statements.

In the opinion of the Board the financial report as set out on pages 3 to 11:

1. Presents a true and fair view of the financial position of the Association as at 31 December 2013 and its performance

for the year ended on that date.

2. At the date of this statement, there are reasonable grounds to believe that the Association will be able to pay its debts

as and when they fall due.

This statement is made in accordance with a resolution of the Board and is signed for and on behalf of the Board by:

Gordon Conn William Horton

Chair Treasurer



INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF 2realise

Report on the Financial Statements

We have audited the accompanying financial report, being a special purpose financial report, of 2realise which comprises the statement of financial

position as at 31 December 2013, the statement of comprehensive income and statement of cash flows for the year ended on that date, a summary

of significant accounting policies, other explanatory notes and the statement by members of the Board.

Board’s Responsibility for the Financial ReportThe Board of the Association is responsible for the preparation and fair presentation of the financial report and have determined that the accounting

policies described in Note 1 to the financial statements, which form part of the financial report, are consistent with the financial reporting

requirements of the NSW Associations Incorporation Act 2009 and are appropriate to meet the needs of the members. The Board’s responsibility

also includes establishing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from

material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that

are reasonable in the circumstances.

Auditor’s ResponsibilityOur responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing

Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform

the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures

selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial report, whether due to

fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of

the financial report 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 entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the

reasonableness of accounting estimates made by the Board, as well as evaluating the overall presentation of the financial report.

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

IndependenceIn conducting our audit, we have complied with the independence requirements of Australian professional ethical pronouncements.




Auditor’s Opinion

In our opinion, the financial report presents fairly, in all material respects, the financial position of 2realise as at 31 December 2013 and its

financial performance for the year then ended in accordance with the accounting policies described in Note 1 to the financial statements, and the

requirements of the NSW Associations Incorporation Act 2009.

Basis of Accounting

Without modifying our opinion, we draw attention to Note 1 of the financial statements, which describes the basis of accounting. The financial report

has been prepared to assist 2realise to meet the requirements of the NSW Associations Incorporation Act 2009. As a result, the financial report may

not be suitable for another purpose.

Emphasis of Matter Regarding Going Concern

Without qualification to the opinion expressed above, attention should be drawn to the following matter:

As indicated in the notes to the financial statements, the financial report has been prepared on the going concern basis as the Board members

believe that the Association will be able to meet its debts as and when they fall due. Should the matters referred to in Note 1(k) to the financial

statements not eventuate, there is uncertainty whether the Association will be able to continue as a going concern and, therefore, whether it will

realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report.

CROWE HORWATH SYDNEY

ASH PATHER

Partner




Established an additional

10 programs/partnerships in 2013 which is a 42% increase on 2012.

Lead experts in our field

Received

$52,500 in donations

during our first year as a charity

$32,655 received in grants

during our first year of grant applications

Established first

International Partnership

389 young people participated

in Industry Bites visits

7% increase in

Structured Workplace Learning placements

Active participant in developing

key state and national planning models

Highlights


Auditor: Crowe Horwath Sydney

Bookkeeper: Louisa Pearce

Financial Consultant: Stuart Tabrett

Governance: Natalie Bramble Consulting

Legal: Pendlebury Workplace Law

Design: Imagecorp

Photography: Stilz Fotografika

Printer: J.A. Wales

Communications and Marketing: CommTogether


ABN 80 481 576 931

PO Box 790 Baulkham Hills NSW 1755

General – P 02 9639 0253 Work Placement – P 02 9639 7999

E [email protected] F 02 9639 7988 W 2realise.org.au

Developing the mental,

social and emotional

resilience of young people

®

Documents

2realise Annual Report 2013