Annual Report 2013

ContentsOur 2013 Highlights 2Message from Chair and CEO 4Message from the Patron 6Our Story 9Our Region 10Our First Young Ambassador 13Our Activities 14Scholarships 2013 16Links Program 21Partnerships 22Marketing and Events 24Our Supporters 28Our Organisation 32

Financial Report 34 Director’s Report 34 Lead Auditor’s Independence Declaration 40 Statement of Profit and Loss and Other Comprehensive Income 41 Statement of Financial Position 42 Statement of Changes in Equity 43 Statement of Cash Flows 44 Notes to the Financial Statements 45 Directors’ Declaration 50 Independent Audit Report 51

1

AcknowledgementsWe would like to acknowledge the support of many who have once again, given their time and work to Western Chances at no charge this financial year.

Auditor Writer/Editor Chris Sargent – KPMG Karen Stephenswww.kpmg.com Carmine Consulting

Design & Advertising PrintingRichard Cooke and Kaye Thompson Roy Barkerwww.thompsoncooke.com.au www.barkermedia.com.au

Implementing a

social media strategyand obtaining generous funding to support the strategy from Gandel Philanthropy and the Samuel Nissen Charitable Foundation, managed by Perpetual.

Completing a rebranding of Western Chances, with a new look, updated logo and fresh appeal thanks to ThompsonCooke.

Upgrading the Western Chances website to attract more young people and potential donors to the site, increase information provision and improve user-friendliness; funded by Gandel Philanthropy.

Our 2013 Highlights

Awarding 463 scholarships in 2013, a record number.

Distributing more than $440,000 to talented young people from Melbourne’s West.

Welcoming over 75 new donors.

Appointing our first Western ChancesYoung Ambassador - Julia Truong - and celebratingher achievements.

Receiving continued funding from 20 major donorsfor another year.

Offering 12 Victoria University Access scholarships.

Assisting 83 scholarship recipientsundertaking VCE (or equivalent); of the 80 contactable students, 100% successfully completed the year and 99% are progressing to further study, training, apprenticeships or employment.

32

As always, we would like to thank the Western Chances Board and our staff - Anne Connors, Betty Klonaris and Rebecca Oldham - for their professionalism, enthusiasm and tireless work throughout the year.

Our sincere thanks to the philanthropic trusts and foundations, businesses and individuals who continued their generosity during these financially uncertain times. And a very special thanks to our supporters who provided more than one-off major donations: Allandale Foundation, Australian Communities Foundation, Collier Charitable Fund, Common-wealth Bank Staff Fund, Helen Macpherson Smith Trust, Invergowrie Foundation, Lord Mayor’s Charitable Foundation, Marian and EH Flack Trust, Melbourne Airport, Murray-to-Moyne Cycle Relay, Newsboys Foundation, St Albans Community Cooperative, Samuel Nissen Charitable Foundation managed by Perpetual, State Trustees - George Robert Phillips Estate, Sunshine Foundation, Western Health and Wyndham City. Because of their generosity, we have been able to improve and extend our work for another year.

Importantly, we would like to thank the wonderful volunteers who provide vital expertise to our organisation in a range of areas - in our office, on our board, on our sub-committees - and to the professionals who offer their services pro bono or at reduced rates. Without them, our permanent employees would not be able to operate as they do and we could not succeed as we have without their generosity of time and skills.

Plans are well underway for our 10th anniversary celebrations in 2014, with activities and a major event to be held in August to mark the occasion. By then, we estimate that almost 4000 Western Chances scholarships will have been distributed to deserving young people - and that’s an achievement worth celebrating!

................................................................................ ................................................................................Terry Bracks AM Rhyll DorringtonChair Chief Executive Officer

Message from Chair and CEO We are pleased to present the Western Chances Annual Report for 2013 after another rewarding 12 months of operation. This year, we are pleased to report that, thanks to the generosity of our donors and the dedication of our board, staff and nominators we provided much needed practical support and encouragement to 463 talented and motivated young people in Melbourne’s West.

Feedback from these young people consistently shows that a high percentage of them would not have stayed at school or gone on to further study without our support. This is a major achievement and highlights that our provision of scholarships and other activities is meeting the region’s needs.

This year, our key focus was on improving our communications - with young people, schools, donors, other supporters and stakeholders. We undertook a major rebranding exercise, refreshed our logo and upgraded our website to improve accessibility and to better reflect the spirit of our organisation.

We also introduced our social media strategy by establishing a Facebook page and blog thanks to the generosity of Gandel Philanthropy and the Samuel Nissen Charitable Foundation managed by Perpetual, and their vision to support capacity building. This initiative gives us a great way to immediately connect and interact with our Western Chances community. It helps us to better communicate with our scholarship recipients and provides a way to respond immediately to questions and issues around our scholarship application process. Importantly, it is also a forum for highlighting the achievements of our young people.

Ultimately, we hope that these communications initiatives will help us to extend our reach and ensure that all stakeholders are well aware of our activities and how to access our services.

As Melbourne’s West continues to grow at a rapid rate, so does demand for support from organisations such as ours. To help us provide the required support, we worked to maintain and build partnerships with schools and community service organisations across our region as well as Engage Education, Lord Somers Camps, University of Melbourne (Trinity and Ormond Colleges), Victoria University, Western Bulldogs, Western Health and William Angliss Institute. Their ongoing

contributions are invaluable.

Each year finding funds gets harder and harder, as we operate in a challenging economic climate and do not receive any state or federal government grants. Ongoing funding enables us to focus more of our time and resources on the important area of service delivery. We would specifically like to acknowledge the philanthropic trusts and foundations that believe in supporting the crucial area of capacity building, namely Gandel Philanthropy, Helen Macpherson Smith Trust, Samuel Nissen Charitable Foundation managed by Perpetual, the Sunshine Foundation and Western Health.

54

Message from the Patron“Some talented and motivated young people face barriers to achieving their goals. Western Chances wants to make sure that all young people, regardless of their financial circumstances, have the opportunity to reach their potential. Today there are people of all ages across Melbourne’s West who are facing financial, social and cultural difficulties. The region is experiencing unemployment and underemployment as traditional manufacturing employers close down. This impacts greatly on families and on our young people, who are our future leaders.

Now more than ever before we need to ensure that disadvantage in the area is minimised, and that young people who are identified by schools and community service organisations as both talented and motivated are given the financial assistance and support that they need to achieve their goals.

Sometimes just a small amount of money can be the difference between dropping out of school and going on to further education and training. We are proud of the fact that, thanks to our generous donors, supporters and volunteers, Western Chances continues to make a difference where it’s most needed.”

...............................................................................The Hon. Frank Vincent AO QCPatron, Western Chances

Since we started awarding scholarships in 2004, Western Chances has received enormous support from the community. We are grateful to our long term Patron the Hon. Frank Vincent AO QC for lending his reputation and profile to help promote our work in supporting talented and motivated young people. We are proud to have him as our Patron.

The Hon. Frank Vincent AO QCFrank Vincent served 16 years as a Judge of the Supreme Court of Victoria followed by a further eight years as a Judge of Appeal. He was Chair of the Victorian Adult Parole Board, a position he occupied for 17 years. He has served as a consultant to the Australian Law Reform Commission and chairman of the Victorian Criminal Bar Association, and since his retirement he has been appointed by two successive Attorneys-General to conduct inquiries into matters of public importance. From 2001-2009, Frank was the second Chancellor of Victoria University. In 2006, Frank was awarded an Order of Australia for services to law, education and the Indigenous community and in 2012 he was appointed to the Victorian Law Reform Commission. In 2013 Frank was the Senior Advisor to the Victorian Parliamentary Committee Inquiry into Institutional Child Abuse.

“I know in my heart that I was always destined to be a nurse.

But without your support I’m not sure if I would have been able to achieve my goal of studying for a degree.

I’ll always be truly grateful to Western Chances and to all who donate so generously.”Jessica. university student

76

Our StoryWestern Chances is a not-for-profit organisation that helps talented and motivated young people who face disadvantage to reach their potential through targeted scholarships.

From a small grassroots organisation providing a handful of scholarships in 2004, we have grown to award almost 500 scholarships annually, establishing a catchment area of public schools in the region, and recruiting committed and talented educationalists and business people to our cause.

Most importantly, we have assisted more than 1900 young people to achieve their goals through targeted support.

All our funding is raised through the private sector, local government, philanthropic grants, fundraising events and personal donations. We have tax deductible gift recipient status and are open to support from business leaders, community leaders and interested professionals who share our enthusiasm for the potential of young people in Melbourne’s West.

VisionTo see young people in Melbourne’s western suburbs achieve their full potential.

PurposeWestern Chances assists motivated young people in Melbourne’s West to realise their potential by providing scholarships, opportunity programs and ongoing support.

What we do Award merit based scholarships that are targeted to young people in Melbourne’s West who

have limited opportunities and financial resources

Provide programs and networks that advance the talents and pathways of young people in Melbourne’s West

Recognise, nurture and celebrate the talent and potential talent of young people

Build partnerships that are aligned with our vision to support the sustainability of Western Chances

Strategic Goals 2010–2013 Program reach is expanded and our programs deliver lasting benefits

to Melbourne’s West

Western Chances is sustainable by diversifying income

Western Chances is a positive contributor to Melbourne’s West

Western Chances has strong governance and operating systems

“This scholarship means so much to me.

It helps me do many different classes and learn from different teachers so I can develop a range of dance techniques.

If I could keep my dancing up to its fullest potential, my dream is to perform on Broadway one day.”Jayden, Year 8 student

98

Our Region We operate in Melbourne’s West, the fastest growing region in Australia. It’s an area that’s

growing rapidly and one that experiences significant disadvantage.

Our program reach covers 87 suburbs across Brimbank, Hobsons Bay, Maribyrnong, Moonee Valley and the two fastest growing municipalities in Australia - Melton and Wyndham.

By 2031, it’s estimated our region will be home to 1.1 million people, growing from 611,512 people at the 2006 Census.1

Brimbank and Maribyrnong are the second and third most disadvantaged of Victoria’s 78 cities, and approximately one-third of our scholarship recipients live in these areas.

In 2011, 49% of residents in Melbourne’s West completed secondary education to Year 12 and 9.9% of the resident workforce completed qualifications at bachelor degree level.2

Melbourne’s West is the most culturally and linguistically diverse of all the regions in Victoria, with 35% of the population born overseas and over 130 nationalities represented.3

In 2012, around 33% of our scholarship recipients came from a refugee or migrant background.

The region has a much higher than average number of residents receiving unemployment benefits, disability support pension and parenting payment (single), indicating a significant percentage of the population is financially vulnerable.4

1 LeadWest 2013, Western Agenda 2012-2016 2 ibid 3 ibid 4 Western Melbourne RDA, Regional Plan 2013-2016

Since we began in 2004, we’ve distributed 3400 scholarships (including new and renewal scholarships)

We’ve helped over 1900 young people

Next year we celebrate 10 years of operation

Melbourne’s West is one of the fastest growing regions in Australia

Melbourne

Geelong

Hoppers Crossing

Werribee

Frankston

Mornington

Melton

Point Cook

AltonaLaverton

TarneitAltona North Albert Park

StKilda

Hampton

Beaumaris

Melton South

Bacchus Marsh

Diggers rest

Taylors Lakes

St Albans

Sunshine

Lara

Avalon Airport

Corio

North Geelong

Grovedale

Highton Newcomb

Portarlington

Queenscliff

Sorrento

Sunbury

Gisborne

New Gisborne

Macedon Wallan

Whittlesea

Craigieburn Mernda

Roxburgh ParkMeadow Heights

Campbellfield

Epping

Mill Park

Bundoora

Coburg North

ThornburyFitzroy North Bulleen

Eltham

BalwynBalwyn North

BentleighClayton

Cheltenham

Mordialloc

Mount Eliza

Mount Martha

Safety beach

Ocean Grove

St Leonards

Indented Head

Drysdale

Wallington

Port Phillip Bay

Wyndham

Moonee Valley

Brimbank

Melton

Maribyrnong

Hobsons Bay

1110

“Western Chances has played a major role in my education for six years.

Their ongoing support has been invaluable to me and I am so proud to be the Western Chances Young Ambassador.”Julia, university graduate

Our First Western Chances Young AmbassadorIn 2013 we introduced the Western Chances Young Ambassador program, giving our scholarship recipients an additional opportunity to gain skills, experience and networks. And we were delighted to appoint Julia Truong as our first ever Western Chances Young Ambassador.

Through the Young Ambassador program we recognise young people who have made a valuable contribution to our organisation, encourage greatness in young people and provide opportunities to represent us at public events.

Julia is a remarkable young woman with enthusiasm, drive and an infectious personality. A third year production student at the Victorian College of the Arts, she majored in production and stage management.

At 14, Julia discovered her love for event management when she organised and hosted the 2007 Get Connected Vietnamese Youth Forum. She then teamed up with the Maribyrnong City Council FReeZA Organisation in 2008, along with other young people, to put together their own production team ‘Sweet Kicks’. Over the years, they hosted many music/hip hop events for the community and gained sponsorship from leading companies, with Julia in charge of artist liaison and production management. Her dedication and organisational skills lead to her winning the Young Citizen of the Year Special Commendation Award in 2009.

Aside from her love of organising and managing events, Julia has a passion for public speaking and design. She competed in many debating competitions and was a Top 8 finalist in the 2010 Wynspeak public speaking competition. Julia also enjoys design and costume, achieving a RAW study score of 45 (top 5% in Victoria) for Design & Technology in Year 12.

In her time at the VCA, Julia was given various stage management and costume management roles. She also worked on productions in independent theatre and the corporate world. For the last two years she has been production manager for the Hello Music Carols by Daylight event at Deakin Edge. And she was a finalist in the 2013 Victorian Newsboys Foundation Leadership Awards.

After graduation Julia is establishing her own events management business and, as part of that, will be managing all Western Chances events for 2014.

1312

Our ActivitiesWe provide scholarships for young people inMelbourne’s WestOur scholarships support young people who have an identified talent and motivation and may not otherwise have an opportunity to pursue their education and fulfil their potential.

We link young people to other opportunitiesOur Links Program provides scholarship recipients with additional opportunities that enhance their career pathways. These vary, from seminars, university scholarships and personal development camps through to cadetships, leadership activities and more.

We collaborate with partnersValued partnerships enable us to extend the opportunities available to our scholarship holders, link them to additional support and offer them a whole range of activities that enhance their career paths.

We work to extend our reachWe were proud to increase our reach in 2013 through our marketing program. Our strategy is to grow awareness of our work, leverage support and strengthen our profile.

We celebrate achievementsEach year we hold a series of events that showcase the achievements of our scholarship recipients, raise awareness of the importance of the work we do and help us raise funds to continue our work.

“The Western Chances scholarship reinforces my self-confidence and has given me great powers of resilience.

It’s making a difference to my continuing education as I’m now being given a chance to undertake an Honours project as part of my social work degree.”Abraham, university student

1514

Scholarships 2013Our scholarships support motivated young people who have an obvious talent and who may not otherwise have an opportunity to pursue their education and fulfil their potential.

One size doesn’t fit all at Western Chances. Scholarships are shaped to fit the needs of the young person. The scholarships in 2013 averaged $935 and were awarded for items such as text books, leadership and study camps, laptops, internet access, tutoring, lecture notes, music and dance lessons, public transport expenses and specialist equipment.

Our goals for 2013 Increase numbers of scholarship applications

Increase the number of scholarships awarded

Streamline the application process

Connect with recipients via social media

Commence planning for an alumni program

What we did In 2013, we awarded a record number of scholarships to young people in Melbourne’s western suburbs – 463 scholarships with a total value paid out of $441,272. This brings the total number of scholarships awarded since 2004 to 3400, the number of talented young people assisted to almost 1900 and the total funds distributed in excess of $2.9 million.

In 2013 the scholarships comprised:

new: 216 scholarships

renewal: 247 scholarships.

This year’s scholarships were awarded to young people with talents in a range of areas includingaccounting, architecture, art, building, community services, dance, economics, electrical, engineering, film making, graphic art, hospitality, law, maths, mechanics, medicine, music, nursing, science, singing, social work and visual arts.

Study support items we covered with our scholarships include:

laptops internet access

textbooks scientific calculators

camps stationery/printing/photocopying

travel cards VET subject fees

mandatory tools and equipment tutoring

music, dance and drama lessons musical instruments

art materials.

2013 VCE resultsAt the end of each school year, we contact our VCE (or equivalent) scholarship recipients to find out about their plans for the next year. In 2013, we supported 83 young people to undertake VCE or equivalent. Of the 80 we were able to contact, 100% completed the year. Of those contacted, 99% progressed to university, TAFE, apprenticeships, traineeships or employment. This outstanding result is testament to the talent and commitment of these young people and demonstrates the importance of identifying, encouraging and supporting the educational journey of disadvantaged young people through Western Chances scholarships.

Systems and processesThroughout 2013, our staff worked hard to further improve our office systems and processes. We reviewed, updated and further streamlined our scholarship application procedures to make the process easier for both nominators and applicants.

A key improvement area was revising our application form, in consultation with a statistician, a psychologist and nominators. This year we also introduced a scholarship application checklist and supporting evidence checklist to assist applicants and increase the number of eligible applications.

This was the first full year that we operated with a full time Program Manager and part time Office Administrator, both funded by trusts and foundations. This administrative structure made an enormous difference to our outputs, governance and program delivery quality, and contributed to the increase in our scholarship numbers.

AlumniDuring the year, it was agreed that a Western Chances Alumni Association would have significant benefits for scholarship recipients and for the sustainability of our organisation. Planning is in its early stages and a philanthropic trust invited Western Chances to submit an application to fund the program. It is hoped that a full strategy will be developed in the coming year.

1716

Scholarship RecipientsJessica Jessica, 21, is a third year nursing student at university. She has experienced medical issues since birth and had to spend a lot of time in hospital, which disrupted her studies.“I was very sick during secondary school. I missed classes and struggled to keep up, especially in maths. I didn’t think there was any chance that I’d get into uni. My parents work in low paid jobs so my health and education expenses put a lot of financial strain on them.

Then a teacher nominated me for Western Chances, and everything changed. The scholarship paid for a maths tutor, textbooks, internet and a scientific calculator. Without this help I don’t know if I would have been awarded valedictorian of my school in Year 12 or whether I would have been accepted into a nursing degree. The scholarship didn’t just support me financially. It gave me confidence that I could achieve academically despite missing out on so much school. And it motivated me to keep trying because someone believed in me.

My next placement is at the Royal Children’s Hospital and I can’t wait. In the future I want to go on to postgraduate studies and become a neonatal nurse, helping children like I was.

Western Chances is an amazing organisation. They do so much for so many, and support us all. I’ll always be truly grateful to them and to everyone who donates so generously.”

Oliver Oliver, 18, is in his first year of a Bachelor of Music Performance. Talented and passionate about music, he writes his own songs and would love to make a career in the industry. “I enjoy all sorts of music, from chilled acoustic through to punk rock. I play guitar, sing and write a lot of my own songs. I’ve always liked singing but I got serious about it all in Year 9 - I started learning guitar and went on from there.

After I finish my degree, I’m hoping to do a Diploma of Education and become a secondary school music teacher. That gives me a good job and I can still pursue my music. If I made a career out of music, that would be awesome.

Western Chances paid for my amplifiers and electric guitar. Before that I had to borrow from a friend, which meant I couldn’t practise very often. My family isn’t in a position to buy that sort of thing for me. And the scholarship also paid for some expensive music software and my myki - I have to travel a long way each day to study, and it costs a lot.

Western Chances have helped me immensely. Knowing there’s someone out there who actually believes in me that much pushes me to do even better in my music and my career. I wouldn’t be half the musician or the person I am today without them.”

PeterPeter, 18, is in Year 12 at a selective entry secondary college. He is studying maths and physics, and his goal is to become an economist one day.“I started getting interested in economics when the global financial crisis hit, and I’d love to make that my career. Western Chances helped me pay for my Year 12 textbooks and encouraged me to apply for the Trinity Young Leaders program. That was fantastic. With other young people from nine different countries, I learned about leadership. There was an economics stream and that made me even more certain I’ve made the right career choice. It was fun too.

Having a Western Chances scholarship means less pressure on my family. I don’t have to worry about finances; I can concentrate on school. Western Chances has definitely helped me to get closer to my academic goals. I’m very, very grateful.”

HueHue, 16, is currently in Year 11. She is a member of her school’s student representative council and organiser of school fundraisers that help developing countries, including the victims of Typhoon Haiyan.“Receiving the Western Chances scholarship last year meant that I could start the year with everything I needed without my parents stressing out. The scholarship paid for my books and a yearly myki card, which meant I didn’t have to worry about fare evading if I ran out of money! As well as that, I was fortunate enough to receive a laptop.

The scholarship gave me more confidence and motivation. Knowing that I have support from my community makes me determined to do even better in school. In the future, I hope to study medicine and become a neurosurgeon. Western Chances is an amazing organisation that supports dreams and potential. It makes a fantastic contribution to our lives.”

JoelJoel, 19, is in his second year at the University of Melbourne, studying for a Bachelor of Music (Operatic Performance). “The Western Chances scholarship has made a real impact on my life. Without it, I wouldn’t have been able to perform or go to university. I wouldn’t be where I am today.

They first started helping me quite a few years ago. Over time my scholarship paid for singing lessons, petrol to get to choirs, uniforms and music text books. Opera is great and I love being part of an opera company, as a soloist or in a chorus role. When I sing a powerful note, it’s totally invigorating. Western Chances have given me some awesome performance opportunities and that provides me with even more motivation for the future.

Singing at Western Chances fundraiser events, like the one at Raheen, have been a fantastic experience. I’d like to thank Western Chances for giving me the opportunity to achieve. It’s an amazing honour.”

1918

Links Program Our Links Program provides scholarship recipients with additional opportunities that enhance their career pathways. These vary, from work experience placements, seminars and personal development camps through to mentoring, leadership activities and more. Our recipients can apply for these activities if they meet the partner organisation’s stipulated criteria.

Our goals for 2013 Increase number of opportunities for scholarship holders

Increase diversity of opportunities for scholarship holders

What we did During the year, two organisations provided relevant paid work experience placements to Western Chances scholarship recipients. Work experience placement is a valuable opportunity for young people to increase their confidence and employability skills. Additionally, due to a significant increase in offers from external not-for-profit organisations, we adjusted our Links Program so that it now encompasses all opportunities that value add to our scholarships. Since Western Chances started using social media in 2013, opportunities available under the Links Program are advertised through the Western Chances Facebook page and upgraded website.

Supporting organisations that participated in the Links Program included City West Water, DDB Shop, Engage Education, Lord Somers Camps, Melbourne Airport, Royal Women’s Hospital, Trinity College (University of Melbourne), Victoria University, William Angliss Institute and Western Water.

Work placement opportunities City West Water provided a place for a civil and infrastructure engineering student. Originally for ten weeks, the placement was so successful that the student continued on part time during university studies for the rest of the year. DDB Shop, an advertising specialist, provided a four week placement for a marketing student in their client services department.

Lord Somers CampsOur relationship with the Lord Somers Big Camp continued. The Big Camp brings together young people from diverse backgrounds to challenge the perceptions they hold of themselves and others. One of our students attended in January, and was invited back to participate in the 2014 camp as a leader. Five Western Chances scholarship recipients successfully applied to attend the 2014 camp.

Trinity College – University of MelbourneFree places were awarded to 23 scholarship recipients in the University of Melbourne Trinity College one-week residential Young Leaders July Program, with 12 attending the Trinity College two-week residential Young Leaders December Program. And one of our talented music students gained a place in the Trinity College Juilliard Jazz School one-week residential program.

Engage Education A total of 35 Western Chances VCE scholarship recipients participated free of charge in mid and end of year VCE seminars run by Engage Education at Trinity College, University of Melbourne, taking part in 59 sessions.

2120

“I’d like to sincerely thank Western Chances for generously supporting my studies, covering all my school items and giving me the opportunity to participate in some fantastic, once-in-a-lifetime extracurricular activities.

Thank you - you’ve played a big part in my journey to success!”Sammie, Year 11 student

PartnershipsValued partnerships enable us to extend the opportunities available to our scholarship recipients, link them to additional support and offer them a whole range of activities that enhance their career paths.

Our goals for 2013 Maintaining and strengthening current partnerships

Increasing the number of active partnerships

What we did New partnerships were established over the year and current partnerships strengthened.

Strengthened current partnerships Victoria University Access scholarships were awarded to 12 Western Chances recipients in

2013. These scholarships provide students with $1000 per year to support up to four years of study in their Victoria University course. This was the sixth year of the partnership between Victoria University and Western Chances.

In July and December Trinity College (University of Melbourne) and Western Chances collaborated to provide an opportunity for our young people to attend the College’s residential Young Leaders programs. Trinity provided 35 fully funded places for our recipients, who participated in a wide range of learning experiences with young people from around Australia and the world.

Our partnership with William Angliss Institute continued, supporting two Western Chances recipients undertaking tertiary study in hospitality. Recipients were awarded scholarships of $3000 to assist them with their study costs relating to their Certificate IV in Commercial Cookery.

Established new partnershipsDuring the year we established a relationship with several new organisations.

DOXA Youth FoundationThe Doxa Youth Foundation provides cadetships, which include a $6000 per annum living allowance, a $600 per annum textbook allowance, an eight week work placement each year in a company aligned with their area of study, a professional mentor, and personal and professional development opportunities. Successful candidates are selected by participating employers. Three cadetships were offered to our scholarship recipients for 2014 and we nominated seven candidates for consideration.

University of Melbourne, Ormond College Ormond College offers a limited number of places to non-residents, who become members of the College community, enjoy a campus experience, benefit from small tutorials, use College facilities and resources, and participate in social and cultural activities. In 2014, six Western Chances scholarship recipients will be awarded these places, valued at approximately $3000 each.

Engage Education Engage Education provided Western Chances with 59 free places at their mid-year VCE seminars.

Gourlay Charitable TrustThe Gourlay Charitable Trust provided a substantial donation to Western Chances, then donated a further $25,000 to Trinity College to specifically enable Western Chances scholarship recipients to attend Trinity College Young Leaders programs.

Other supportersOther generous supporters provide ad hoc free tickets to our scholarship recipients, including:

Melbourne Airport – tickets to Hollywood Costume and National Gallery Monet exhibitions

Opera Studio – tickets to Massenet’s Fairytale Opera Cinderella.

2322

Marketing and EventsWe were proud to increase our reach in 2013 through our marketing program and through a series of events that showcase our work and the achievements of our recipients.

Our goals for 2013 Extend our reach to young people in the West

Upgrade our communications to all stakeholders

What we did Our aim is to ensure that every eligible young person in the region is aware of our programs and given the opportunity to apply.

MarketingMarketing is essential to the operations of Western Chances, and involves maintaining and creating new connections to a wide range of stakeholders.

CommunicationsIn 2013, a major focus for our organisation was to improve our communications with all stakeholders. We did this in a number of ways.

We completed an organisational rebranding exercise that included a vibrant new logo, update of our colour palette and a fresh approach to visual communications. The result is a new look and feel that gives Western Chances a modern branding, is memorable, will help us to stand out in the minds of our stakeholders and differentiate us in the marketplace. This project was made possible through the generosity of ThompsonCooke.

Development of a new website improved our online presence and gave us a user-friendly, easy to navigate site which provides information that is more accessible to all stakeholders.

We began implementation of our social media strategy by establishing a Facebook page as a way to connect better with our community. Our goal is to empower our staff, volunteers and stakeholders to ensure any mentions of our organisation on their own social media pages fit with our vision and future direction. This initiative will help us to better communicate with our scholarship recipients and promote opportunities to them immediately. It will make it easier for people to get in touch with us, champion our cause and extend our fundraising efforts. It will also allow staff to be immediately responsive to messages communicated through Facebook. This project was made possible through the generosity of Gandel Philanthropy and the Samuel Nissen Charitable Foundation managed by Perpetual.

SchoolsOur staff communicated during the year with nominators from state secondary schools in Melbourne’s West to inform them about the scholarships and eligibility requirements, visiting 17 schools and meeting with 38 nominators.

We continued to improve our schools liaison strategy to ensure continuity of knowledge around our scholarship program. One of our goals during the year was to increase the number of eligible applications by streamlining the application form and process.

EventsEach year, we hold a series of events that cover a number of purposes. They showcase the achievements of our scholarship recipients and provide public acknowledgement of their talents and abilities. They raise awareness of the importance of the work we do. And they help us raise funds to continue our work.

Western Chances Scholarship Award Ceremony The annual Western Chances Scholarship Award Ceremony, held on 20 March, was our biggest ever. It gave us the opportunity to present award certificates to our 2013 scholarship recipients and celebrate their achievements.

Over 300 guests attended, including 87 scholarship recipients and their families/guardians, school nominators and principals, the Western Chances Board, our Patron, local politicians and Western Chances supporters.

The 2013 ceremony was held at Victoria University’s Footscray campus. Master of Ceremonies was Western Chances CEO Rhyll Dorrington and guest speakers were Founding Chair of Western Chances Terry Bracks and scholarship recipient Thao Ly. Our Patron, the Hon. Frank Vincent AO QC, presented recipients with their scholarship certificates and entertainment was provided by singer and scholarship recipient Oliver Nease.

The ceremony is a very special event for our scholarship recipients. It provides a powerful external endorsement of their achievements and the impact is evident in the responses of the recipients, their families and the nominators. Many young people feel that the event is just as important as the scholarship because the public acknowledgement builds their confidence and self-esteem. They also get to mix with the wider Western Chances community and meet their supporters.

Raheen Cocktail PartyIn October, Jeanne Pratt AO generously hosted a Western Chances fundraising cocktail party at her home, Raheen. Guests were also invited to explore the historical site.

After a welcome from Mrs Pratt, there were inspiring speeches from the Western Chances Patron the Hon. Frank Vincent AO QC and other Western Chances supporters. Western Chances scholarship recipient and opera singer Joel Davies gave a wonderful performance, singing an aria from Cosi Fan Tutte accompanied by acclaimed musician Rhodri Clarke.

The sold out event, which also included a charity auction, attracted 120 guests who raised over $25,000 for Western Chances. The event was also used to launch our new logo, upgraded website and Facebook page.

2524

Marketing and EventsGood Business Forum Luncheon On 17 May we hosted our third annual Good Business Forum Luncheon at the Melbourne Convention and Exhibition Centre. Over 300 people attended the event, which raised more than $50,000 for Western Chances.

Guest speaker Harold Mitchell AC addressed an audience of business and community leaders. Founder of Mitchell & Partners, the largest media and communications group in Australia and Executive Chairman of Aegis Media Australia and New Zealand, Harold is also founder of the Harold Mitchell Foundation which distributes funds between health and the arts. Harold spoke compellingly about the people who supported him on his personal journey and the importance of philanthropy in our society today. In particular, he commended the work of Western Chances in offering opportunities to young people to succeed in life through education.

The talents of three of those young people were on show at the forum. Tess Barnes treated the audience to a solo saxophone rendition of the Dave Brubeck jazz classic Take Five, while Jessica Bonello and Abid Khan gave moving accounts of their own journeys and the support they received from Western Chances.

The Good Business Forum is designed to raise awareness in the business community of the needs of young people in Melbourne’s West, and generate support for creating more opportunities. Our major corporate partner for the event was Melbourne Airport.

Western Lullabies at the Newport SubstationWestern Lullabies was a Western Chances fundraising event held in April as part of the popular Melbourne Comedy Festival.

The Festival’s finest performers had the opportunity to sing their favourite lullabies and fables. Led by comedian and cabaret star Ali McGregor, guests included Ben Bennett, Gillian Cosgriff, Virginia Gay, Adam Hills, Sammy J, Mike McLeish, Marney McQueen, Geraldine Quinn, Toby Truslove and Queenie van de Zandt. Revenue from all tickets sales was donated to Western Chances.

Planning for our 10th year celebrationsIn 2014, we will celebrate 10 years of Western Chances operations. This is a great achievement and one of which we are very proud. So far, our plans to mark this milestone include establishing a monthly direct debit donation scheme, planning for a Western Chances alumni program and holding a major event to mark the occasion on 7 August at the Newport Substation.

In July 2013 we were pleased to be able to employ our Ambassador, Julia Truong, to begin planning for our 10th anniversary celebration. Julia has established her own events company and will organise all our 2014 events.

2726

“To know that someone cares enough and believes in me enough to give me a scholarship is an amazing feeling.

The scholarship has helped me move forward with my music and has encouraged me to pursue a career in music, which is definitely what I want.”Oliver, university student

Our SupportersAt Western Chances, we rely entirely on the generous donations of our supporters to continue our valuable work. Any gift, big or small, can make a real difference. We would like to sincerely thank these people and organisations for their generosity and for making our scholarships and programs possible.

Alex Perehinez / Andrew Fox-Lane / Allandale Foundation / Alpha Partners / Angela Altair / Anita Triado / Annamila Pty Ltd / Anthony Crabb / Australian Communities Foundation (Sub-funds: Annamila, DDJE Fund, Initiate Action Community and McGregor Family Fund) / Bank of Melbourne Neighbourhood Fund / Barbara Horn / Ben Puddy / Bendigo Bank Community Enterprise Charitable Fund / Bennelong Foundation / Bernard Last / Besen Family Foundation / Beverley Jones / Brasher Family Foundation / Brendan Smith / Brighton Rotary Club / Brimbank City Council / Bruce Anderson / Caroline Doherty / Caroline Smith / Catherine Laffey / Cathie Connors / C J Canavan / C J Deighton / Christopher Bozena Milowka / Chris and Estelle Wilks / City of Melton / Clement Lee / Colin Weight / Collier Charitable Fund / Commonwealth Bank Staff Fund / Damian Toohey / Damien Augustinus / Daniel Pearson / David Cooke / David Gibbs / Dawn Lackie / Dean Livesley / Debra Chapman / Elaine Garner / Elizabeth Lukin / Embrace / Emma Eldridge / Ewen McDonald / Findun Pty Ltd / Fiona Campion / Fitzgerald Optometry / Flora and Frank Leith Trust / Frank Carlus / The Hon. Frank Vincent AO QC / Gandel Philanthropy / Gaye Hamilton / Gina McVicar / Gourlay Charitable Trust / Guy Nelson / Guy O’Connor / Harold Mitchell / Hilary Nicholson / Helen Macpherson Smith Trust / Hobsons Bay City Council / Invergowrie Foundation / James Higgins / Janet Whiting / Jennifer Russ / John Clarke / John Fitzgerald / John Handley / John MacKinnon / John Marasco / Joyce Nicholson Bequest / Julie Ligeti / Juliette Alush / Julie Pearson / Kara Leonard / Kate Baillieu / Kathleen Cantwell / Kelvyn Lavelle / Kevin Hunt / Kristiana Greenwood / Last Friday of the Month Group / Leon Lachal / Libby McFarland / Liberty Sanger / Llewellyn Prain / Lorraine Chisholm / Lord Mayor’s Charitable Foundation - Civilian Widows sub-fund and Youth in Philanthropy / Louis Raunik / Lydia Richards / Lynne Wannan / Maddocks Foundation / Marian and EH Flack Trust / Maribyrnong City Council / Marcus Willison / Mark Holland / Mark Madden / Mark Rasmussen / Mary Bluett / Maurice Cruz / Melbourne Airport / Mietta Foundation / Michael Harvey / Michael Thwaites / Murray Pavia / Murray to Moyne DHS / Nancy Delosa / Newsboys Foundation / Olga Gountras / Optus Community Grants / Patricia O’Donnell / Patrick Flannigan / Paul Bell / Paul Atkins / Paul Crowe / Paul Wiegard / Paula Dorrington / Peter Lemon / Peter Southwell / Petrina Dorrington / Pierce Armstrong Foundation / Plenary Group / Prain Writing / Professor Colin Clark / Rebecca Oldham / Reeds Consulting

/ Rhyll Dorrington / Richard and Mary Rudd / Riverlee Australia / Rob Sheehan / Ros Casey / Ros Willett / Roz Zalewski & Jeremy Ruskin / Roy Barker / St Albans Community Centre Co-operative / Sally Watts / Sam Hunt / Samuel Nissen Charitable Foundation, managed by Perpetual / Sarina Russo / Sharon Orbell / Simone Stevenson / State Trustees - George Robert Phillips Estate / Stephen Wong / Stephanie McDonald / Stuart Gillespie / Sunshine Foundation / Suzanne Mockridge / Teresa Fitzgerald / Terry Bracks / Thomas O’Connor / Timothy Lehany / Tobin Bros / Tonya Meadows / Utility Services Group / Wannan Raysmith Enterprises / Warwick and Melinda Teasdale / Wendy Brooks / Westpac Foundation / Westend Business Association / Willett Marketing / William Angliss Institute / William Grint / Wyndham City

Pro bono supportersBarker & Barker Media / Carmine Consulting / Clayton Utz / Emergent Futures / Herbert Smith Freehills LLP / Jolimont Capital / KPMG / Kellie Santin / Lime Consulting / Midnight Sky / Neil McCarthy & Associates / Pitcher Partners / Plenary Group / Smartworks / Supple Consulting / Susan Gordon-Brown Photography / ThompsonCooke / Western Health / Willett Marketing

VolunteersAlexandra Patterson / Barbara Bugg / Bill Horrocks / Charlotte Cameron / Colleen Arms / An-thony Daborn / Dean Livesley / Erin Wilson / Gabrielle Keating / Harriet Harley / India Patterson / Jacinta Waugh / Jade Moffatt / Jane Collinson / Judy Bartlett / Emma Eldridge / Julia Truong / Kara Leonard / Kate Hulls / Julie Ligeti / Kerry Lewis / Leanne Camov / Lesley Howard / Lisbet Fraser / Louise Whiting / Lucinda Patterson / Mary Holloway / Millie Nelson / Neil McCarthy / Nigel Sharp / Paul Larkin / Paula Dorrington / Petrina Dorrington / Ross McKenzie / Selvi Kannan / Stuart Johnson / Sue Wilson / Susan Wannan / Tan Ly / Vicki Moore / Wendy MacManus

Donations in kind and partnershipsAndrew Blake / CEHL / Charter Security / City West Water / DDB Shop / Doxa Youth Foundation / Engage Education / Feeney Consulting / Footscray Community Arts Centre / Hello Music Studio / Jeanne Pratt AO / Leader Community Newspapers / Leadership Victoria / Lord Somers Camps / Michael Happell / Mittagundi Outdoor Education / Newport Substation / Our Community / Royal Women’s Hospital / Shriro Australia / Simon and Gabi Gray / Slater & Gordon / The Opera Studio / University of Melbourne – Trinity College and Ormond College / Victoria Racing Club / Victoria University / Western Bulldogs / Western Water / William Angliss Institute

Bequests A gift to young people of the futureBequests are critical to the future of an organisation like Western Chances. Some people choose to leave a part of their money or property to an organisation like ours because they believe in what we do, and because they want to help people in need into the future. Every gift will have a meaningful and ongoing impact on the life of a young person and their family.

Since the global financial crisis, which deeply affected charitable giving across Australia, our need is even greater. We have no state or federal government funding and rely entirely on the generosity of our donors.

This year, we began planning for a bequest program, to assist people who may be interested in leaving a bequest but are unsure of how to do it. By developing effective processes and maintaining relationships with our supporters, we hope that a Western Chances bequest program will grow into an entity that can support our organisation’s sustainability.

Any questions about bequests should be directed to the Western Chances CEO. All discussions are confidential and without obligation.

2928

Our SupportersCorporate DonorCaroline Doherty, Melbourne Airport “At Melbourne Airport, we’re deeply and passionately committed to sponsoring Western Chances as part of our corporate social responsibility program and our long term strategic planning.

Investment in the development of our local young people is vital for us, as we are a key employer in the region and we’re set to significantly grow. We know that this area has pockets of disadvantage and sometimes local young people can struggle to reach their potential. By supporting Western Chances, we’re not just helping young people. We’re also creating a pool of skilled potential employees to draw on in the future - for us and for other local businesses.

Our plans extend to finding ways to engage Western Chances recipients in our activities and businesses. For example, at the moment we have Western Chances scholarship recipient and talented young pianist, Hjristian, performing in our international departure lounge. Response from passengers has been fantastic. And we’re looking to grow this type of involvement in the future.

The commitment we’ve made to Western Chances is for a number of years. That way, they know that the money is coming and they can concentrate on what they do best - helping talented and motivated young people to achieve their goals. They don’t have to spend as much time chasing donations every year, so we get more value for our investment.

Western Chances is a fantastic organisation and we’re proud to be its major corporate sponsor.”

Bequest ProgramMary Burgess“My partner Geoff Bell passed away a few years ago and I wanted to make a bequest in my Will in his memory. Geoff strongly identified with the western suburbs of Melbourne and lived in the area his whole life. As a person with a disability, Geoff was a vigorous campaigner and was also very involved in local community activities.

The money he left me in his Will has made a difference to my life and I wanted to put this money back into the community to continue Geoff’s work. I looked for an organisation that was well- managed, grass roots and able to make a real impact. Western Chances fitted the bill. What happens to young people in adolescence affects what happens in later life. When I worked as a mentor in the West for a time I was struck by how tenuous their connection to education was, and how just a small level of support could make a massive difference. If you don’t have the emotional and/or financial support you need from the family, it can be really hard to get where you want to go.

Coming from a difficult childhood and adolescence, I also understand that having someone on your side and believing in you can make a huge difference. Western Chances is a great organisation that makes a big contribution to the lives of young people, and to the West. I’m very pleased to be supporting them.”

Local Government DonorBob Fairclough and Kerrie Thompson, Mayor and CEO Wyndham City Council“Wyndham City is proud to support Western Chances in its efforts to assist young people to realise their full potential.

During 2012-13, approximately 80 Wyndham students received a scholarship from Western Chances. Without this financial support, many of these students would have been unable to purchase the books, equipment and other resources needed for their ongoing education.

Wyndham City is home to an increasing number of young people. Approximately 20% of Wyndham residents are between the ages of 10 and 24. Wyndham does, however, have relatively low levels of educational attainment compared to Greater Melbourne. According to data from the 2011 Census, only 60% of young people in Wyndham aged 20 to 24 had successfully completed Year 12 or a higher qualification. Youth unemployment was also found to be a significant issue, with 13.2% of young people aged 15 to 24 classed as being unemployed, compared to 12.3% across Greater Melbourne.

At Wyndham City, we are committed to ensuring that all young people have the opportunity to participate and engage in the social, economic and cultural life of the city. Central to this vision is the need to achieve higher rates of educational attainment. Supporting young people to complete their education through an organisation such as Western Chances is likely to result in lower rates of youth unemployment and disengagement. It will also help Wyndham’s young people to create a preferred future for themselves and their families.”

Community DonorEwen Hill and team mates “For the last four years, we’ve donated funds raised through our Murray to Moyne cycling relay to Western Chances. We were looking for a charity where our money would directly improve health and wellbeing. Murray to Moyne is a 520km event from Echuca to Port Fairy, held every April. It involves fitness, socialising and fundraising for the charity of our choice. Our team is from the Department of Health and Department of Human Services, and we train every Sunday. It’s a great way to stay healthy and to mix with workmates in a different way.

We chose to support Western Chances because it really changes young people’s lives. Doing our research, we spoke to some of the young people involved and they were very impressive. It’s a well-run organisation and we have enormous respect for what they’ve achieved. We’re proud to be one of their donors.”

3130

Our OrganisationThe Western Chances TeamThe Western Chances office is made up of a capable team of four who are hard-working, dedicated and passionate about improving the lives of young people in Melbourne’s West.

Rhyll Dorrington Chief Executive OfficerRhyll has worked in many and varied roles within the public, private and not-for-profit sectors, and as a volunteer mentor to young people. Rhyll began her career at Variety, the Children’s Charity. She has also run her own restaurant in Carlton and worked with a Member of the Victorian Parliament.

From 1998 to 2008 Rhyll lived in London, working in a variety of roles at organisations including the Financial Times and the London Borough of Southwark where she managed a large corporate employee volunteering program. This highly successful program involved brokering partnerships between large corporations and state primary and secondary schools.

Rhyll’s role is to lead Western Chances and she is responsible for the overall management of the organisation.

Anne Connors Program ManagerAnne has a business degree and a Diploma of Education (secondary). She has utilised her teaching skills in corporate training and university lecturing and tutoring. Anne spent the majority of her working life in the client services area of advertising agencies. She undertook a variety of volunteering roles until she joined the not-for-profit sector in June 2012 as the Western Chances Program Manager.

Anne’s overall responsibility is to manage the development, documentation and delivery of the Scholarship Program and Links Program operations of Western Chances.

Rebecca Oldham Office ManagerBefore joining Western Chances, Rebecca worked for almost 10 years with State Trustees in a range of roles including management of trusts, estates, enduring powers of attorney and leading a team. She also worked as a volunteer for more than six years with the Christina Noble Children’s Foundation, at one time spending a year in Vietnam. This organisation supports disadvantaged and at-risk children in Vietnam and Mongolia.

Rebecca’s responsibility is to manage all aspects of operations and administration of the Western Chances office.

Betty Klonaris Office AdministratorBetty has worked in administration since 1991. Before joining Western Chances, she worked in a large medical practice where she managed the day to day running of the surgery. Betty joined Western Chances in February 2006. She assists the Office Manager with a wide range of admin-istrative duties in the areas of scholarships, programs, events and finance.

3332

Western Chances BoardFounding ChairTerry Bracks AM Bed GradDipAppSc

Deputy Chair Lynne Wannan AM GAICD BA DipEd Treasurer Patrick J Flannigan BBus FAIM FAICD Dip Board MembersDeborah Beale BComm MBAGaye Hamilton BSc(Ed) Kelvyn Lavelle MA GradDipUrbResearchGuy Nelson BComm LLBRosie Salvaris BA DipEd GradDipEdAdm GradDipCivilCeleb(resigned 11 February)Rosalind Willett BEdFelicity Pantelidis B Comm(Hons) Rozanna (Roz) Zalewski BA LLB GradCertProfEthics(resigned 9 August)

Board subcommitteesPrograms SubcommitteeLynne Wannan (Chair) Colleen Arms Barbara BuggJane Collinson Anthony Daborn Darryl ForbesMary Holloway Bill Horrocks Gabrielle KeatingWendy McManus Vicki Moore Rosie Salvaris Chris Thomson Kerrie Watson Jacinta Waugh Erin Wilson Sue Wannan Sue WilsonRoz Zalewski

Finance and Audit SubcommitteePatrick Flannigan (Chair) Deb BealeRhyll Dorrington

Fundraising and Marketing SubcommitteeKelvyn Lavelle (Chair) Rhyll Dorrington Emma EldridgeNeil McCarthy Guy Nelson Ros Willett

Western Chances Directors’ ReportFor the year ended 31 December 2013

Board MembersDeborah Beale BComm MBADeb Beale has a Bachelor of Commerce from the University of Melbourne, a Graduate Diploma from the Securities Institute of Australia and a Master of Business Administration from Melbourne Business School.

Deb began her working career in the finance industry where she was employed by Merrill Lynch for over a decade. She then moved to Ernst & Young where she specialised in governance and risk management. Deb has also served and continues to serve on a number of government, private and not-for-profit Boards. Her broad experience includes the areas of finance, corporate governance, fundraising, public relations and risk management.

Gaye Hamilton (joined September, 2013) BSc(Ed)After a career as a secondary science teacher and Director of Zoos and Museums, Gaye Hamilton undertakes a range of contract and Board work and is also a Director of the Western Bulldogs Football Club, the State Sports Centres Trust, the Queen Victoria Women’s Centre Trust, Victoria University and the People and Parks Foundation.

Kelvyn Lavelle MA GradDipUrbResearchKelvyn Lavelle is Executive Director Corporate Affairs for Plenary Group, a leading public infrastructure business across Australia and Canada. His expertise is in the social infrastructure and construction sectors. Prior to joining Plenary Group, Kelvyn worked in public relations where he represented both the private and public sectors in the public–private partnership market.

Kelvyn has also held senior public sector positions. Before working in public relations he was Manager of Training and Youth Affairs for the Commonwealth Department of Education, Training and Youth Affairs. His academic qualifications include a Master of Arts by research and a Graduate Diploma in Urban Research and Policy.

Guy Nelson BComm LLBGuy Nelson has over 25 years of experience in property investment and investment banking in Australia and Asia, He was an Executive Director of Macquarie Group amd is now Managing Director of Alpha Partners, a boutique property investment business.

Guy originally practised commercial law before moving into investment banking. Prior to his role at Macquarie he was a senior executive with Bankers Trust Australia. He served as a Board member on many Macquarie investments and Property Council of Australia advisory committees, and is a Fellow of the Australian Property Institute. Guy holds a Bachelor of Laws and Bachelor of Commerce from the University of Melbourne.

Financial ReportFor the year ended 31 December 2013

Western Chances Directors’ ReportFor the year ended 31 December 2013

1 Directors The Directors of the Company at any time during or since the end of the financial year are:

Founding ChairTerry Bracks AM BEd GradDipAppScTerry Bracks is Patron of Williamstown Literary Festival and Board Member of Breast Cancer Network Australia, Board Member of the National Film and Sound Archive, past Board Member of the Australian Children’s Television Foundation and past Trustee of the Victorian Arts Centre Trust.

Terry has worked as a teacher in regional Victoria and as an electorate officer to Federal MPs. She received a Centenary Medal, has been inducted onto the Women’s Honour Roll and was awarded an Honorary Doctorate by Victoria University. Terry was made a Member of the Order of Australia in 2012.

Deputy Chair Lynne Wannan AM GAICD BA DipEdLynne Wannan is Director, Office for the Community Sector, Department of Human Services Victoria, an inductee of the Victorian Women’s Honour Roll and a Member of the Order of Australia. She is a Director of GoodStart Early Learning Limited. Her immediate past roles include Chair Victorian Government Adult Community and Further Education Board and Children’s Advisory Council, Commissioner Victorian Learning and Skills Commission, member Victorian Qualification Authority, Chair Community Child Care Victoria and Convenor National Association, Community Based Children’s Services.

Earlier roles include Deputy Chancellor Victoria University, Chair Premier’s Women’s Advisory Council, member Child Care Reference Group, Commonwealth Government, and Manager Community Services, City of Sunshine.

Treasurer Patrick J Flannigan BBus FAIM FAICD DipPatrick Flannigan has over 25 years of commercial experience in the industrial services, hospitality and tourism sectors. He has held senior positions up to CEO level with responsibilities for a wide range of activities including finance, operations and marketing. He has established his own business and currently serves on the Boards of various companies, both public and private.

Patrick is a Fellow of the Australian Institute of Management and a Fellow of the Australian Institute of Company Directors. He holds a business degree from Victoria University.

Western Chances (a company limited by guarantee)ABN: 17 110 713 865

3534

Western Chances Directors’ ReportFor the year ended 31 December 2013

Attendance at meetings

2 Short and long term objectives of the entityThe Western Chances vision is to see young people in Melbourne’s western suburbs achieve their full potential.

Strategy for achieving these objectives Awarding merit-based scholarships that are targeted to young people in Melbourne’s West

who have limited opportunities and financial resources.

Providing opportunity programs and networks that advance the talents and pathways of young people in Melbourne’s West.

Recognising, nurturing and celebrating the talent and potential talent of young people.

Building partnerships that are aligned with the Western Chances vision to support the sustainability of the organisation.

Western Chances Directors’ ReportFor the year ended 31 December 2013

Board MembersFelicity Pantelidis (joined December, 2013) B Comm(Hons) Felicity Pantelidis is Chief Operating Officer at Slater & Gordon Lawyers and Deputy Chair of the Royal Women’s Hospital. Prior to joining Slater & Gordon Lawyers, she was General Manager of the GE Capital/Myer Joint Venture consumer credit business. Prior to joining GE, Felicity held a number of senior marketing roles at Telstra.

Felicity holds a Bachelor of Commerce (Hons) from Monash University. She is a former Board director of the Victorian Deaf Society and the North Yarra Community Health Centre. Felicity was also a member of the Monash University Marketing Department Industry Advisory Board. Her Board experience includes governance, finance, strategy, fundraising and government relations.

Rosie Salvaris (resigned February, 2013) BA DipEd GradDipEdAdm GradDipCivilCelebRosie Salvaris is a well-known educational leader with strong knowledge of corporate governance, finance, fundraising and human resource management. Rosie was the principal of a large secondary school when she retired from her career in education, which spanned over 40 years. She is currently working as a civil celebrant.

Rosalind (Ros) Willett BEdRos Willett is Managing Partner of marketing agency Willett Marketing. Ros has a Bachelor of Education and has held teaching and principal positions in secondary schools, including the development and provision of specialist education programs for disadvantaged youth.

Ros has extensive experience in both corporate and government marketing campaigns. Her experience extends to sponsorship and event management, digital communications and education campaigns. In addition to her professional experience, Ros has an interest in film making. She has produced a number of shorts and has managed a short film festival.

Rozanna (Roz) Zalewski (resigned August, 2013) BA LLB GradCertProfEthicsRoz has been a lawyer for 30 years and has worked in a variety of areas including refugee law, criminal law and legal professional standards.

Roz has also been involved with numerous not-for-profit organisations and is the Deputy Chair of the Dame Nellie Melba Opera Trust and Chair of The Ownership Project. Roz has been a long term volunteer on the Western Chances Programs Sub-Committee.

Board Member Eligible to attend AttendedTerry Bracks (Chair) 6 5Lynne Wannan (Vice Chair) 6 2Patrick Flannigan (Treasurer) 6 2Deborah Beale 6 6Gaye Hamilton 2 2Kelvyn Lavelle 6 4Guy Nelson 6 5Felicity Pantelidis 0 0Rosie Salvaris 0 0Ros Willett 6 6Roz Zalewski 4 1

3736

Western Chances Directors’ ReportFor the year ended 31 December 2013

5 Events subsequent to reporting dateThere has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely, in the opinion of the Directors of the Company, to affect significantly the operations of the Company, the results of those operations, or the state of affairs of the Company, in future financial years.

6 Likely developmentsThe Company will continue to provide scholarships to young people in the western suburbs to fund their studies.

7 Lead Auditor’s Independence DeclarationThe Lead Auditor’s Independence Declaration is set out on page 40 and forms part of the Direc-tors’ report for the financial year ended 31 December 2013.

8 Rounding off The financial report is presented in Australian dollars and all values are rounded to the nearest dollar unless otherwise stated.

9 Liability of members if the company is wound upEvery member undertakes to contribute an amount not more than $100 to the property of the Company if it is wound up while the person is a member or within one year after the person ceases to be a member, for:(a) payment of the Company’s debts and liabilities contracted before the time he or she ceased to be a member;(b) the costs, charges and expenses of winding up; and(c) the adjustment of the rights of the contributories among themselves.

This report is made with a resolution of the Directors:

................................................................................ ................................................................................Terry Bracks Patrick FlanniganChair TreasurerMelbourne 23 April 2014

Western Chances Directors’ ReportFor the year ended 31 December 2013

3 Principal activitiesThe principal activities during the course of the financial year were to provide scholarships and the Links Program to young people in Melbourne’s western suburbs and to raise funds in order to run these programs.

How principal activities assisted in achieving the entity’s objectives Awarded 463 new and renewal merit based scholarships.

Offered 152 personal and professional development opportunities to scholarship recipients via the Links Program.

Recognised and celebrated the talent of scholarship recipients by holding a Scholarship Award Ceremony.

Worked with partners including the Doxa Youth Foundation, Engage Education, University of Melbourne (Trinity College), Lord Somers Camps, Victoria University and William Angliss Institute to provide opportunity programs that advance the talents and pathways of scholarship recipients.

How performance is measured, including any key performance indicators (KPIs) used by the entity

Renewing scholarships annually following evidence of progress and a self-assessment from each young person.

Annual monitoring of recipients’ education and career pathways, post secondary school.

Conducting evaluation projects of its activities.

Key Performance Indicators Funded all eligible renewal scholarship applications.

Assisted 83 scholarship recipients undertaking VCE (or equivalent) to successfully complete the year. Of the 80 contactable students, 100% successfully completed the year and 99% are progressing to further study, training, apprenticeships or employment.

4 Operating and financial reviewCommentary on operating results Operating income for the financial period was $767,517 (2012: $950,497) from donations, sponsor-ship, investments and bank interest. Total expenditure for the financial period of $842,335 (2012: $724,035) included approved scholarships of $439,616 (2012: $374,468).

Significant changes in the state of affairsIn the opinion of the Directors there were no significant changes in the state of affairs of the Company that occurred during the financial period under review.

3938

Statement of Profit or Loss and Other Comprehensive IncomeFor the year ended 31 December 2013

Note 2013 2012 Revenue 4 767,517 950,497Expenses (excluding finance costs) 5 (842,335) (724,035)Finance costs (9,093) (6,775)Results from operating activities (83,911) 219,687Net gain / (loss) on investments 91,940 48,492

Net gain / (loss) on disposal of PPE (493) -

Profit / (loss) before income tax 7,536 268,179Income tax expense - -

Profit / (loss) for the period 7,536 268,179Total comprehensive income / (loss) for the period 7,536 268,179

The notes on pages 45 to 49 are an integral part of these financial statements.

Lead Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001

To: the Directors of Western Chances (a company limited by guarantee)

I declare that, to the best of my knowledge and belief, in relation to the audit for the financial year ended 31 December 2013 there have been:(i) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and(ii) no contraventions of any applicable code of professional conduct in relation to the audit.

KPMG

................................................................................Chris SargentPartnerMelbourne 23 April 2014

KPMG. an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Liability limited by a scheme approved under Professional Standards Legislation.

4140

Western ChancesStatement of Financial PositionAs at 31 December 2013

Note 2013 2012Assets Cash and cash equivalents 6 571,897 651,700Investments / financial assets 542,434 433,623Trade and other receivables 37,298 2,366Total current assets 1,151,629 1,087,689 Investment / financial assets 150,000 150,000Property, plant and equipment 7 322 3,311Total non-current assets 150,322 153,311Total assets 1,301,951 1,241,000

Liabilities Trade and other payables 8 94,349 59,669Employee benefits 9 33,611 17,327Total current liabilities 127,960 76,996Employee benefits 9 22,548 20,097Total non-current liabilities 22,548 20,097Total liabilities 150,508 97,093Net assets 1,151,443 1,143,907

Equity Retained earnings 688,443 680,907Restricted Scholarship Fund 463,000 463,000Total equity 1,151,443 1,143,907

The notes on pages 45 to 49 are an integral part of these financial statements.

Western ChancesStatement of Changes in EquityFor the year ended 31 December 2013

Restricted Retained Total Scholarship Fund earningsBalance at 1 January 2012 463,000 412,728 875,728Total comprehensive loss for the period Profit / (loss) for the period - 268,179 268,179Total comprehensive loss for the period - 268,179 268,179Balance at 31 December 2012 463,000 680,907 1,143,907 Balance at 1 January 2013 463,000 680,907 1,143,907Total comprehensive income for the period Profit / (loss) for the period - 7,536 7,536Total comprehensive income for the period - 7,536 7,536Balance at 31 December 2013 463,000 688,443 1,151,443

The notes on pages 45 to 49 are an integral part of these financial statements.

4342

Western ChancesStatement of Cash FlowsFor the year ended 31 December 2013

Note 2013 2012Cash flows from operating activities Cash receipts from donors 579,738 781,925Cash receipts from sponsors and events 142,364 134,118Interest received 21,331 13,239Cash generated from operations 743,433 929,282Payments to suppliers and employees (381,964) (338,959)Scholarship payments (441,272) (457,100)Net cash provided by / (used) in operating activities (79,803) 133,223 Cash flows from investing activities Investment / financial asset - (150,000)Purchase of property plant and equipment - -Net cash used in investing activities - (150,000) Cash flows from financing activities Net cash used in financing activities - - Net decrease in cash and cash equivalents (79,803) (16,777)Cash and cash equivalents at beginning of year 651,700 668,477Cash and cash equivalents at end of year 6 571,897 651,700

The notes on pages 45 to 49 are an integral part of these financial statements.

Western ChancesNotes to the Financial Statements

1 Reporting entity

Western Chances (“the Company”) is a Company domiciled in Australia. The address of the Company’s registered office is 176 Furlong Road, St. Albans VIC 3021. The Company primarily is involved in providing scholarships and the Links Program to young people in Melbourne’s western suburbs.

Western Chances is a company limited by guarantee. The liability of members is limited.

In the opinion of the Directors, the Company is not a reporting entity. The financial report of the Company has been drawn up as a special purpose financial report for distribution to the members and for the purpose of fulfilling the requirements of the Corporations Act 2001.

2 Basis of preparation

(a) Statement of complianceThe special purpose financial report has been prepared in accordance with the requirements of the Corporations Act 2001 and the recognition, measurement and classification aspects of all applicable Australian Accounting Standards (AASBs) adopted by the Australian Accounting Standards Board (AASB).

The financial report does not include the disclosure requirements of all AASBs except for the following minimum requirements:AASB 101 Presentation of Financial StatementsAASB 107 Cash Flow StatementsAASB 108 Accounting Policies, Changes in Accounting Estimates and ErrorsAASB 1031 MaterialityAASB 1048 Interpretation and Application of StandardsAASB 1054 Australian Additional Disclosures

The financial statements were approved by the Board of Directors on 23 April 2014.

(b) Basis of measurementThe financial statements have been prepared on the historical cost basis except for the following:

financial assets (investments) are measured at fair value through the income statement.

(c) Functional and presentation currencyThese financial statements are presented in Australian dollars, which is the Company’s functional currency.

4544

Western ChancesNotes to the Financial Statements

3 Significant accounting policies

The accounting policies set out below have been applied consistently to all periods presented in these financial statements.

(a) Property, plant and equipment (i) Recognition and measurement Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. (ii) Depreciation Depreciation is recognised in profit or loss on a straight line basis over the estimated useful life of each part of an item of property, plant and equipment. The depreciation rates for the current and comparative periods are as follows:

2013 2012 Computer, printer and fax 33% 33% Depreciation methods, useful lives and residual values are reviewed at each reporting date.

(b) Impairment (i) Property, plant and equipment The carrying value of property, plant and equipment are reviewed for impairment at each reporting date.

(c) Employee benefitsAll employee expenses and entitlements are initially paid through Western Health. Western Chances then reimburses Western Health. Annual and long service leave provisions held by Western Chances represent the amounts to be paid to Western Health to reimburse these costs in future periods.

The amounts provided in respect of employee benefits are the amount of future benefit that employees have earned in return for their service in the current or prior periods, plus related on-costs. Any non-current amounts are discounted to present value.

(d) RevenueRevenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably measured, such as when funds are actually received.

Funds received are classified as Sponsorship where public recognition is appropriate.

Funds received are classified as Donations where public recognition is not required.

(e) Finance costsFinance expenses comprise bank fees, merchant fees and investment management fees.

Western ChancesNotes to the Financial Statements

(f) Goods and services taxRevenue, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from the taxation authority. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of the expense.

Receivables and payables are stated with the amount of GST included. The net amount of GST recoverable from, or payable to, the ATO is included as a current asset or liability in the statement of financial position.

Cash flows are included in the statement of cash flows on a gross basis. The GST components of cash flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows.

(g) Income taxWestern Chances is an approved not for profit organisation under the Income Tax Assessment Act and therefore is exempt from income tax.

Western Chances was endorsed as a Deductible Gift Recipient on 24 February 2006, meaning monies received are tax deductible to donors.

(h) Financial assetsFinancial assets, being the Company’s investment portfolio, are carried at fair value. Changes in fair value are recognised in current period earnings as the investments are able to be realised with one month’s notice and are therefore considered to be short term in nature.

4746

Western ChancesNotes to the Financial Statements

7 Property, plant and equipment 2013 2012CostBalance at start of period 9,598 9,598 Additions - - Disposals (4,283) -Balance at end of period 5,315 9,598

Accumulated depreciationBalance at start of period (6,287) (3,411) Depreciation (2,496) (2,876)Disposals 3,790 -Balance at end of period (4,993) (6,287) Carrying valueCost at end of period 5,315 9,598Accumulated depreciation at end of period (4,993) (6,287)Carrying value at end of period 322 3,311

8 Trade and other payables 2013 2012Trade payables 67,858 58,013Accrued liabilities 26,491 1,656 94,349 59,669

9 Employee benefits 2013 2012CurrentLiability for annual leave 24,527 17,327Liability for long-service leave 9,084 -Non-current Liability for long-service leave 22,548 20,097Total employee benefits 56,159 37,424

10 Subsequent events There have been no events subsequent to balance date which would have a material effect on the Company’s financial report at 31 December 2013.

Western ChancesNotes to the Financial Statements

4 Revenue 2013 2012Donations 579,738 781,925Sponsorships and event income 142,364 134,118Investment income 24,084 21,215Bank interest 21,331 13,239Total revenue 767,517 950,497

5 Expenses 2013 2012Scholarship expenses 439,616 374,468Program administration 123,344 104,409Program development 108,273 101,267Program marketing 37,728 15,613Program coordinators 79,465 80,985Administration and other operating expenses 53,909 47,294Total expenses 842,335 724,035

6 Cash and cash equivalents 2013 2012Cash at bank 571,897 651,700Cash and cash equivalents in the statements of cash flows 571,897 651,700

Reconciliation of cash flows from operating activities 2013 2012Cash flows from operating activities Profit / (loss) for the period 7,536 268,179Adjustments for: Depreciation 2,496 2,876Non cash movement in financial assets (108,811) (65,213)Gain / (loss) on disposal of PPE 493 -Operating profit before changes in working capital and provisions (98,286) 205,841 Change in trade and other payables 34,680 (71,305)Change in provisions and employee benefits 18,735 (838)Change in trade and other receivables (34,932) (475)Net cash from operating activities (79,803) 133,223

4948

Western Chances Directors’ Declaration

In the opinion of the Directors of Western Chances (“the Company”):

(a) the Company is not a reporting entity;

(b) the financial statements and notes, set out on pages 41 to 49, are in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the financial position of the Company as at 31 December 2013 and of its performance, as represented by the results of its operations and its cash flows, for the financial year ended on that date in accordance with the statement of compliance and basis of preparation described in Note 2; and (ii) complying with Australian Accounting Standards (including the Australian Accounting Interpretations) to the extent described in Note 2, and the Corporations Regulations 2001; and

(c) there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

Signed in accordance with a resolution of Directors:

................................................................................ ................................................................................Terry Bracks Patrick FlanniganChair Treasurer

Dated at Melbourne this day of 23 April 2014

Independent Audit Report to the Members of Western Chances (a company limited by guarantee)

Report on the financial reportWe have audited the accompanying financial report, being a special purpose financial report, of Western Chances (the company), which comprises the statement of financial position as at 31 December 2013 , and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year ended on that date, Notes I to 10 comprising a summary of significant accounting policies and other explanatory information, and the Directors’ declaration.

Directors‘ responsibility for the financial reportThe Directors of the company 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 2 to the financial report is appropriate to meet the requirements of the Corporations Act 2001 and is appropriate to meet the needs of the members. The Directors’ responsibility also includes such internal control as the Directors determine necessary to enable the preparation of a financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

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 judgement, 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 of the financial report that gives a true and fair view 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 Directors, as well as evaluating the overall presentation of the financial report.

These procedures have been undertaken to form an opinion whether, in all material respects, the financial report is presented fairly in accordance with the basis of accounting described in Note 2 to the financial statements so as to present a true and fair view which is consistent with our understanding of the company’s financial position, and of its performance.

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

5150

“I’m making films now more than ever, largely thanks to Western Chances.

My scholarships mean that I’ve been able to buy equipment to help me make films of a high quality.

This ensures I have the best possible chance of developing an audio-visual folio of the quality needed to gain entry into the Victorian College of the Arts.”Andrej, Year 10 student

Western ChancesPO Box 294 St Albans Victoria 3021ABN 17 110 713 865

T (03) 8345 1850 F (03) 8345 0470 E westernchances@wh.org.au W westernchances.org.au

KPMG. an Australian partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Liability limited by a scheme approved under Professional Standards Legislation.

IndependenceIn conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.

Auditor’s opinionIn our opinion the financial report of Western Chances is in accordance with the Corporations Act 200 I, including:(a) giving a true and fair view of the company’s financial position as at 31 December 2013 and of its performance for the year ended on that date;(b) complying with Australian Accounting Standards to the extent described in Note 2 and the Corporations Regulations 200 I .

Basis of AccountingWithout modifying our opinion, we draw attention to Note 2 to the financial report, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the Directors‘ financial reporting responsibilities under the Corporations Act 2001. As a result, the financial report may not be suitable for another purpose.

KPMG

................................................................................Chris SargentPartnerMelbourne 23 April 2014

52

westernchances.org.au

facebook.com/westernchances

twitter.com/westernchances

T (03) 8345 1850 F (03) 8345 0470 E westernchances@wh.org.auWestern Chances. PO Box 294 St Albans Victoria 3021

ABN 17 110 713 865