annual report 2009 / 10 contents
03 Mission / Vision / Objectives
04 A Message from the Executive Directors
05 About Dry July
06 Benefi ciary Partners 2009
07 Corporate Support
08 Patron / Ambassadors
09 Highest Fundraisers
10 In the Press
12 Positive Outcomes 2009
14 Snapshot 2008 / 2009
15 Funds at Work with our Benefi ciaries
16 New South Wales
18 Western Australia
19 Queensland
20 Victoria
21 South Australia
22 Australian Capital Territory ABN 88 497 552 964
For more information about the Dry July Foundation 23 Summarised Financial Statements please contact:
24 Statement of Comprehensive Income Dry July Ltd Level 3, 5 Elizabeth Street 25 Statement of Financial Position Sydney, NSW 2000 Australia
26 Cash Flow Statement PO BOX 751 Randwick 27 Corporate Governance NSW 2031 Australia
28 Auditors Report email: [email protected] tel: +61 2 9221 5433 29 Charitable Fundraising Act Declaration www.dryjuly.com twitter.com/dryjuly 30 Directors Declaration facebook.com/dryjuly
31 Notes This annual report details the Dry July 2009 campaign and covers the fi nancials from 1 July 2009 to end of fi nancial year 2010 (30 June 2010).
02 www.dryjuly.com Mission / Vision / objectives
Mission Vision Objectives Dry July’s mission is to directly benefi t Our vision is to become a well Our objectives are to deliver an adult cancer patients with real and respected not-for-profi t organisation, engaging charitable campaign which tangible change. We will achieve this locally, nationally and internationally in inspires people to enjoy a month off by providing organisations with funds the cancer and hospital community. the booze, all the while raising funds to create better environments and to directly benefi t the lives of adults Our vision is to be a technological support networks for patients and living with cancer. leader in the web-based fundraising their families. community. We aim to raise awareness of the Dry July also aims to make people number of adults living with cancer Our vision is to make Dry July the aware of their own drinking habits in local communities and set out to standout fundraising campaign of the and the value of a balanced, healthy improve the quality of their lives and calendar year where not consuming lifestyle. journey. alcohol for the month of July is considered the “thing to do”. Working closely with our benefi ciary partners we endeavour to document and show where the funds raised are being utilised. To deliver an effi cient, low cost ratio fundraising campaign, utilising online technology to minimise administration costs.
www.dryjuly.com 03 A message from the executive directors
It has been a very humbling experience to see more than 4,100 people raise over $1.28 million for adults living with cancer across Australia during Dry July 2009. With the funds raised being put straight to work across our benefi ciaries, we are excited to be able to document the full circle of the Dry July 2009 campaign here in our second annual report. By taking the campaign national and increasing our range of benefi ciaries to six we have been fortunate to achieve exponential growth. We would like to personally thank all the hospital staff , our Patron, fellow Ambassadors and supporting companies for your tireless commitment to Dry July and making a huge diff erence to the lives of adult cancer patients across Australia. It is true to say Dry July works on many levels. There are the health benefi ts of actively taking part in the challenge and the awareness it creates of one’s own alcohol consumption. However, there’s also the acknowledgement of why you are going ‘Dry’ and for whom it benefi ts. From the competitive, fun side of Dry July and the conversations generated there, our benefi ciary hospitals have also opened their doors and allowed us to hear patient stories and the very real challenges people face on a day to day basis. We have heard some amazing stories of courage and strength from truly inspirational people living with cancer. We would like to thank Rebecca Levingston from 612 ABC Brisbane for her dedication to Dry July and The Mater Adult Hospital in Brisbane for carrying out patient interviews, giving patients a voice and the chance to tell their stories. There have been none-so more moving than the story of Caitlin Rockett. With the support of her family, 23 year old Caitlin was able to share with others her journey with cancer. Caitlin’s dignity and determination with her battle touched many people and she was truly inspirational in her ability to motivate people to make a diff erence. Sadly Caitlin passed away in September 2009 but her amazing strength and attitude towards life will continue to inspire others for many years to come. Finally, we would like to raise our glasses and say a huge thank you to all our participants that signed up to the Dry July 2009 challenge and their incredibly generous supporters. We hope you enjoyed the experience and personally benefi ted from taking part. The incredible amount of funds raised in our second year has taken our benefi ciaries totally by surprise! With such support shown to them they have been working hard over the course of the year to implement long-term tangible changes to benefi t their cancer patients. We hope you enjoy reading about the diff erences we have all been able to achieve and look forward to seeing you raising your empty glasses to the challenge again next year!
Cheers,
Brett Macdonald Phil Grove
04 www.dryjuly.com about dry july
What is Dry July? Dry July 2008 tables and chairs for patients to enjoy a few moments of sunshine in a Dry July is an online social community, The Dry July concept originated in secure environment. Several ‘Dreams’ health awareness initiative, where an June 2007. Initially a simple idea with were also fulfi lled for cancer patients, individual or group signs up to the a catchy name, the founders were bringing hope, real life experiences challenge of a month long sponsored dedicated to pursue the potential and lasting memories to those patients abstinence from alcohol. of Dry July through a series of and their families. unfortunate personal events. The funds raised from sponsorship of On seeing the tangible changes participants brave ‘dry’ eff orts directly The positive feedback received from achieved for cancer patients in the benefi t the lives of adults living with both friends and infl uential people in local community and with such cancer right across Australia. the charity/hospital sector meant the positive feedback received, it was with team were committed to following Sponsorship is primarily raised online great enthusiasm that the founders through with their fundraising idea. via participant or group profi le pages. built upon this momentum to take the With an initial aim of cleaning up the campaign national across Australia for Dry July is about clearing your head livers of 10 of their mates and with Dry July 2009. and making a diff erence. Get healthy, hope of raising AUD$3,000 for The challenge yourself, encourage positive Prince of Wales Hospital Foundation change and a healthy attitude to and the Dreams2Live4 Committee, The path ahead alcohol consumption. Sydney, the fi nal outcome was As our fi nancial year ends a third of DJ (Dry.July.er) [dee-jay] noun: a outstanding. the way through our new campaign person or group actively sponsored On receiving numerous write-ups we get a brief snapshot of the path to participate in Dry July. in local papers and magazines the the campaign is on. The volume of In early 2009 the Dry July Foundation momentum and interest in Dry July registrations and donations received established itself as a standalone, 2008 was notably growing. The real throughout the month of June 2010 national, not for profi t, charitable turning point for the campaign came meant that everything is pointing organisation. from an unexpected interview with towards another record breaking year. 702 ABC Sydney presenter Adam The Dry July Foundation is a registered For Dry July 2010 and as with all of Spencer. charity approved by the Australian our campaigns we endeavour to Tax Offi ce. Through his involvement and introduce a new creative theme, new dedication to our cause, the Dry website features, increase our range of We have been granted the following: July concept began to receive a far benefi ciaries and work with partners • Deductible Gift Recipient (DGR) status greater reach and interest than ever that can help us to raise awareness. • GST Concession perceived possible. At time of publishing this annual • Income Tax Exemption The fi nal outcome of the 2008 report the Dry July 2010 campaign had campaign encouraged 1,049 people come to a close. We are delighted to to go ‘dry’, raising a grand total of note that participation numbers more Background AUD$257,283 for adult cancer patients. than doubled from Dry July 2009 to over 9,500 and funds raised exceeded Dry July began as an idea amongst With such an amazing outcome, AUD$2.4 million. mates in June 2007 to ease back off the collectively we were able to beers for a month whilst raising money achieve so much more than We are very excited with this outcome for a cause very close to their hearts. ever thought possible. and look forward to documenting on the website and in our 2010/11 With a collaboration of skills-sets All the funds raised by Dry July annual report the tangible benefi ts we and an aspiration to make a positive 2008 were donated to The Prince will bring to adults living with cancer change, Brett Macdonald, Phil Grove of Wales Hospital Foundation and through our benefi ciary partners. and Kenny McGilvary founded Dry the Dreams2Live4 Committee. The July in hope of improving the lives of funds were used to purchase four adults living with cancer in their local new treatment beds for the radiation community. oncology ward. Brand new state-of- the-art kitchen and waiting areas were installed and the ward’s garden was given an overhaul - it was fully landscaped and furnished with garden
www.dryjuly.com 05 beneficiary partners 2009
The 2009 campaign was the fi rst time Unfortunately we were unable to With the outcome of the campaign Dry July ran as a national event. secure a benefi ciary in Tasmania and exceeding all expectations, both Dry the Northern Territory for the 2009 July and our benefi ciary partners have At the start of 2009 we invited 29 campaign. Funds raised by participants been overwhelmed by the generosity hospitals across Australia to complete in Tasmania were directed to Victoria. and support shown. and submit an expression of interest. Funds raised in the Northern Territory Our chosen benefi ciaries for Dry July Over the course of the year many were directed to South Australia. 2009 were selected on merit of how conversations have taken place and where funds raised would bring Funds raised by our international between hospital staff and cancer tangible changes to the lives of adult participants were split equally patients about where and how the cancer patients, their families and amongst the six State and Territory funds raised can be directed to make hospital staff . benefi ciaries. the biggest diff erence. From p15 we detail what each hospital has achieved On completion of the selection process The six benefi ciary hospitals of the since receiving their Dry July donation. we identifi ed one key hospital in each Dry July 2009 campaign are detailed state to be the benefi ciary of the funds below. raised by participants in that state.
Australian Capital Territory - Canberra South Australia - Adelaide The Canberra Hospital The Queen Elizabeth Hospital Research Foundation
New South Wales - Sydney Prince of Wales Hospital Foundation, Victoria - Melbourne Dreams2Live4 Committee The Royal Melbourne Hospital
Queensland - Brisbane Western Australia - Perth The Mater Adult Hospital Sir Charles Gairdner Hospital
06 www.dryjuly.com corporate support
We would like to thank the following By enabling us to raise the level of employees fundraising achievements. companies for their dedicated awareness we have been able to They were: Servcorp, Deutsche Bank, commitment, support and belief strengthen the Dry July brand and Westpac, BHP Billiton, UBS, AMP, KPMG, in Dry July. key messages, allowing us to fulfi ll our Barclays Global Investors, Investec, mission, vision and objectives. Vodafone and the Macquarie Group It is with their help, assistance and Foundation. advice that we were able to achieve We would also like to say a special a fantastic outcome and deliver an thank you to the companies who exciting and rewarding campaign. matched ‘dollar for dollar’ their
Partner Traction Traction is a relationship marketing Traction has been utilised by Dry platform that makes it easy to manage July to eff ectively manage all email multi-channel campaigns and build correspondence through their safe brand advocacy through the eff ective and secure platform. use of data.
Supporters
01 www.dryjuly.com www.dryjuly.com 07 Patron / Ambassadors
Taking the concept of Dry July across Dry July Patron Australia would not have been possible Adam Spencer without the support and enthusiasm of our Patron and Ambassadors. We We often wonder if Dry July would would like to thank those listed on have ever gone any further than a this page for actively signing up to, few mates trying raise a few dollars and participating in, Dry July 2009. for a local hospital had it not been Your networks, reach and infl uence for Adam Spencer’s involvement. helped ensure Dry July’s fi rst national His commitment and drive behind campaign was an incredible success. Dry July is unparalleled and we Our Patron and Ambassadors are were delighted when Adam kindly onboard on a voluntary basis because accepted our invitation to become they truly believe in Dry July and the Dry July Patron. its cause.
Dry July Ambassadors
Richard Glover Rebecca Levingston Lindsay ‘Doctor’ McDougall Tom Williams Ed Halmagyi 702 ABC Sydney 612 ABC Brisbane Triple J Channel 7 Better Homes & Gardens
Amanda Keller Brendan ‘Jonesy’ Jones Roy Billing Ryan ‘Fitzy’ Fitzgerald Aleysha Knowles WSFM WSFM Nova FM - Adelaide 96FM - Perth
Geoff Hutchison Keith Conlon Tony Pilkington Shaun Burgoyne Simon Foster 720 ABC Perth 5AA -Adelaide 5AA - Adelaide Port Adelaide FC 2UE
Campo Rabbitohs U21 Team Matthew Abraham Tony Serve 97.3FM Brisbane 891 ABC Adelaide 6PR - Perth
08 www.dryjuly.com Highest Fundraisers
Congratulations and thank you to all our Highest Overall Fundraiser - Dry July 2009 fundraisers, their supporters and donors. Thank you to all those who battled and cajoled with their peers along with all those who inspired people to donate. With such incredible fundraising achievements we felt it appropriate to recognise those who raised the most in each State and Territory. Whilst we would love to be able to give everyone a trophy for going Dry, we limit it to the top fundraiser in each State/Territory and the overall team Rebecca Levingston winner. Along with this, the number one 612 ABC Brisbane overall highest fundraiser in the country Queensland receives the coveted winner’s trophy. The Dry July 2009 highest fundraiser’s trophy was be-grudgingly handed over Highest State/Territory Fundraisers - Dry July 2009 by Adam Spencer to Rebecca Levingston from 612 ABC Brisbane. Rebecca raised over an astounding $52,618 for the Mater Adult Hospital, Brisbane. Her commitment to Dry July and cancer care at The Mater Adult Hospital were evident throughout the very moving patient stories Rebecca Richard Glover Rebecca Levingston Matthew Abraham conducted. 702 ABC Sydney 612 ABC Brisbane 891 ABC Adelaide New South Wales Queensland South Australia With the introduction of the ‘Head to Head’ online fundraising feature this year we all waited with baited breath to see the outcome of the Spencer Vs Glover showdown. Richard Glover claimed fundraising / listenership favouritism in the fi nal moments of his ‘Thanks God it’s Friday’ radio show meaning Adam Spencer had to fulfi l a forfeit. As seen in the photo below Vicky Wauchoup Geoff Hutchison Kate Drummond that forfeit involved Adam Spencer Australian Capital Territory 720 ABC Perth Victoria chauff euring his mum and Richard Western Australia Glover around the ABC studios foyer in a rickshaw... Highest Fundraising Team - Dry July 2009
Adam Spencer’s ‘Head to Head’ losing forfeit. Team Geoff Hutchison, 720 ABC Perth Western Australia www.dryjuly.com 09 in the press
10 www.dryjuly.com www.dryjuly.com 11 Positive OUTCOMES 2009
2009 was the fi rst year Dry July ran Additionally we achieved signifi cant The funds raised were distributed to at a national level. By establishing growth in total donations, up 400% to the hospital benefi ciaries within fi ve six key hospital benefi ciaries across raise an astonishing $1,285,259. weeks of closing the campaign on 31 the country we were thrilled with the August 2009. Additional corporate For both Dry July and our benefi ciaries outcome of the campaign. matching and offl ine donations were we are humbled by the generosity received after campaign close-off . As Leveraging hospital communication shown by Australians from all walks such, Dry July made two additional staff and utilising already existing local of life. transfers of funds to the benefi ciaries networks Dry July was able to achieve The details below provide a over the course of the fi nancial year. exponential growth in its second year. comprehensive breakdown of One in December 2009 and one in Participation numbers increased by the three month long fundraising March 2010. 292% in 2009, seeing 4113 people sign campaign which ran from 1 June 2009 up to give their livers a rest. to 31 August 2009.
Age 18-25 – 532 25-35 – 1,582 1,929 35-45 – 1,029 Male 45-55 – 624 47% 2,185 + Participants per State Female 55 – 347 ACT – 109 53% NSW – 2,410 NT – 7 Benefi ciaries QLD – 266 SA – 281 - The Canberra Hospital, ACT TAS – 6 - Prince of Wales Hospital Foundation VIC – 452 WA – 560 & Dreams 2 Live 4, Sydney, NSW Int. – 22 - Mater Adult Hospital, Brisbane, QLD - Queen Elizabeth Hospital Research Foundation, Adelaide, SA - Royal Melbourne Hospital, VIC - Sir Charles Gairdner Hospital, Perth, WA Dry July Participants Total: 4113 Website Statistics* 188,448 website visitors 85,528 unique website visitors 865,539 page views Average time spent on 364 Teams website: 4mins, 28secs Donations Total raised $1,285,259 Total number of donations made 26,043 Av. donation amount $49* Av. raised per participant: $312* Av. donation amount per day: $13,970* Dry July Features Av. number of donations per day: 283* Total Raised Per State Golden Tickets donated: 4,940 Golden Tickets value: $194,331 ACT – $34,990 Av. Golden Ticket value: $39 NSW – $811,825 Head to Heads created: 236 NT – $660 QLD – $109,247 SA – $68,714 TAS – $1,459 VIC – $84,883 WA – $164,342 Int. – $9,139
*Based on the 3 month long campaign running from 1st Jun 09 to 31st Aug 09.
12 www.dryjuly.com The Dry July Foundation operates to a In keeping with the local, grass roots 20 cents in every dollar is utilised to fundraising ratio of 80/20. This means origins of Dry July we want to ensure cover, but is not limited to, campaign 80 cents in every dollar raised goes money raised in a particular State / running costs such as trademarks, directly to the benefi ciary hospitals. Territory stays there and benefi ts the domain names, web hosting, local cancer patients. online transaction fees, marketing, Participants choose their benefi ciary promotion, merchandise, travel, when signing up to the challenge on It is our intention to be an effi cient, telephone and employee costs. the website. Therefore, the amount accountable, low cost, transparent and that goes to each benefi ciary hospital eff ective charitable organisation. The fi gures below indicate how and is determined by the amount raised by where the funds raised from Dry July Given the level of involvement Dry Dry July participants. 2009 have been directed. July requires to operate, the remaining
Distribution of funds raised
%$ Distribution of funds to benefi ciaries 80% $1,028,207*
Administration 14% $182,940*
Promotion and awareness costs 5% $66,363*
Funds retained 1% $7,749*
Total 100% $1,285,259*
* The fi gures above detail the distribution of funds raised from the Dry July 2009 campaign. The fi gures do not include funds received from 1 June 2010 to 30 June 2010. These are applied to the Dry July 2010 campaign and will be detailed in our 2011 annual report.
Distribution of funds raised across our six benefi cairies
%$ Prince of Wales Hospital Foundation 51% $650,678 & Dreams 2 Live 4, Sydney, NSW
Sir Charles Gairdner Hospital, Perth, WA 10% $132,692
Mater Adult Hospital, Brisbane, QLD 7% $88,616
Royal Melbourne Hospital, VIC 6% $70,292
Queen Elizabeth Hospital Research 4% $56,718 Foundation, Adelaide, SA
The Canberra Hospital, ACT 2% $29,211
Total 80% $1,028,207
www.dryjuly.com 13 Snapshot 2008 / 2009
By charting the fi gures generated We were particularly impressed to It is our aim to implement additional from the two Dry July campaigns we see the rise in team participation. features to the campaign that are able to identify the level of growth Strength in numbers plays a big part in generate further interaction with the achieved. successfully completing Dry July and website and encourage additional this is an area we hope will continue donations. The 2009 campaign saw As seen below there were considerable to grow over the years. the introduction of the ‘Head to Head’ increases across all the key aspects of feature which has proven to be a the campaign. The donation of Golden Tickets has great success. seen exponential growth as well. The fi gures obtained surprised and The Golden Tickets appear to work delighted our benefi ciaries and on many levels, provoking thought have provided us with very strong and proving to be a great point of foundations to grow and develop Dry conversation for Dry July. July for future years.
Participants
Individuals Teams
2008 1049 2008 79
2009 4113 2009 364 292% increase 361% increase
Donations
Total raised Total number of donations
2008 $257,283 2008 5,163
2009 $1,285,259 2009 26,043 400% increase 404% increase
Website
Total website visits Total unique website visits
2008 50,118 2008 26,545
2009 188,448 2009 85,528 276% increase 222% increase
Features Benefi ciairies
Golden Tickets donated Number of benefi ciaries
2008 163 2008 1 - NSW
2009 4,940 2009 6 - ACT, NSW, QLD, VIC, WA, SA 3000% increase Increase of 5
14 www.dryjuly.com funds at work with Our Beneficiaries
www.dryjuly.com 15 New South Wales
Prince of Wales Hospital Foundation Dry July funds at work The Prince of Wales hospital treats With 2,410 people giving up alcohol in approximately 1,000 new cancer support of The Prince of Wales Hospital patients per year and 3,000 ongoing Foundation and Dreams2Live4, patients. This second number over the Sydney, we were delighted to be able years of their survivorship come to the to donate $650,678 to benefi t the lives hospital fewer and fewer times but of adult cancer patients. the 1000 new then revert to ongoing Since receiving the funds The Prince patients. So we are always treating of Wales Hospital have been able 4000 patients per year. to implement a range of tangible The radiation oncology department changes across their cancer wards. The has two linear accelerator departments below details the tangible changes and treats approximately 70 patients already made... per day 5 days per week. • Kitchen refurbishment on oncology The medical oncology department ward with fridge/freezer, trolleys, lock treats 30 patients per day with up cupboards, crockery, cutlery, etc chemotherapy treatments 5 days • 2x trolley beds for radiation oncology a week and has an outpatients • 30+ Dreams completed (see p17) department throughout the week. • Computerised patient record system The hereditary cancer unit investigates • 2x TVs in oncology waiting room/ward approximately 1,000 patients and • 2x Blood pressure machines for relatives per year. medical oncology • 2x Beds for medical oncology The inpatient wards include • Wigs for patients hematology and the oncology ward plus the surgical fl oors for abdominal, • 6x treatment chairs head and neck, orthopedics and neurosciences. Testimonials The cancer specialties include the following and patients as young as “As General Manager of the Prince of 17 come through the cancer centre: Wales Hospital, Randwick I would like to thank you on behalf of the staff Head and neck, skin, breast, colon, and patients of our Cancer Centre, for liver, stomach, brain, ovarian, testicular, making a diff erence through the DRY prostate, lymphoma, cancers of JULY challenge. We appreciate you the blood, sarcomas, plus very rare taking the time not to drink for a whole cancers. month and through your friends and The Prince of Wales Hospital has just family, raising an incredible amount celebrated 150 years of caring for of money for our cancer patients. Your the community. The Prince of Wales generosity has enabled the staff to Hospital is a major teaching hospital receive fantastic new equipment and affi liated with the University of NSW to treat patients in a more relaxed and and now the Lowy Institute for cancer calming environment. Thank you.” research. It provides leading healthcare Andrew Bernard, General Manager, to our local community and a tertiary Prince of Wales Hospital referral for specialist services in NSW “The roll out of the patient record and interstate. system has seen less paperwork and The Foundation was established has changed the way we coordinate to promote and support this well patient appointments and access their respected hospital so it can continue blood results, x-rays and reports. The last to deliver excellence in care to the thing our patients needed was to have to mums, dads, aunts, uncles, grandmas repeat their details in every department, and grandpas who in turn, care for our now it is a much smoother process for all.” next generation. Professor Michael Jackson Director Radiation Oncology POWH
16 www.dryjuly.com Dreams2Live4 By assisting these patients achieve backing singer for a band in front of their dreams, we are giving them thousands of people”. Dreams2Live4 was formed in 2007 as a focus and on living a positive an executive fundraising committee Sadly Annie passed away in April 2009. healthy life. of the Prince of Wales Hospital Annie’s wish was to make a diff erence Foundation. It has been developed to Interest and exposure across Australia to people living with metastatic cancer. help patients at The Prince of Wales was generated for Dreams2Live4 by She always said that “once the patient living with metastatic cancer realise Andrew Denton’s documentary on starts thinking about their dreams, their dreams. Whether it is to meet Enough Rope entitled “Can I Write the they stop thinking about their illness.” someone special, go somewhere Ending” and featured the life of Annie Dreams2Live4 are committed to special or do something special, we Robinson (founder of D2L4) and the continuing to fulfi l Annie’s vision. make his or her Dream come true. fulfi llment of her dream to “be the
Dreams become reality.... (below are just three of the ‘Dreams’ the Dreams2Live4 team have made possible)
18 year-old Nick wanted a day at the The group was transported to a 20/20 cricket in Sydney and Dreams2Live4 day/night cricket match at the SCG was able to provide a fabulous three by limousine. He was able to meet day trip for him, along with his parents the Australian team and the Channel and two mates. Nine commentary team out on the pitch. Then the Sydney Cricket Ground The group travelled from their Trust gave Nick and his party the VIP home town of Tumut in the Snowy treatment, with dinner in the corporate Mountains and stayed for three nights area of the Churchill stand. at Coogee View apartments where a framed and autographed print of It was an unforgettable experience Australian captain Ricky Ponting was for Nick, who’s being treated for waiting for Nick when he arrived. esophageal cancer.
Dreams2Live4 has forever changed metastatic renal cancer she jumped the lives of Pam Stoddard and Vicki at the chance to have Vicki fl own to Barnes. Sydney from Adelaide, and the two were inseparable during her many The women met more than a decade weeks of treatment at Prince of Wales ago via the internet and have been Hospital. writing to each other throughout the years but neither Pam nor Vicki had They enjoyed each other’s company been able to aff ord to make a trip to so much that Vicki has moved meet in person. permanently to Mudgee in the state’s central west where she continues When Pam was off ered a dream to support her friend through these following her diagnosis with challenging times.
Lisa, a 43 year old wife and mother that 8 a day I’m down to 2 a day. Who of 2 living with Metastatic breast knows maybe, just maybe, the change cancer had always had a dream to in the thought processes and granting go hot air ballooning. Her dream of my dream has made a very real and came true after meeting Louise from recognisable diff erence to my family and Dreams2Live4. Lisa said “This trip has myself. It was so good for us all fi rstly to taken my mind off this disease and given do together as a family unit and secondly us all something diff erent to focus on. My to take my mind off cancer and reclaim health has been quite good since coming enjoyment, happiness and peace – things back and if pain is measured by the that I won’t let cancer rob me of!” amount of panadol I’m taking – rather
www.dryjuly.com 17 Western Australia
Sir Charles Gairdner Hospital, Perth Testimonial Sir Charles Gairdner Hospital is a busy Why I do dry July... adult medical oncology unit servicing As I sit here enjoying my fi rst red wine Perth north metropolitan, outer metro, in a month after Dry July I wonder “why regional and rural regions in WA. The in the hell did I do that”? unit comprises of an outpatient clinic with nine consultant oncologists and When I fi rst heard of Dry July in 2009 I a large number of junior medical, was impressed that the money raised nursing, allied health and clerical staff . was going to the immediate needs of people facing cancer and that In addition to providing cancer care in was purely and simply making the the day treatment unit the staff also waiting areas of the chemotherapy provide full in-patient and consultative and radiation (oncology units) just that cancer services. The day unit provides little more comfortable. chemotherapy and supportive treatments to approximately 40 I recall many years ago the waiting plus patients per day, equating to rooms of a hospital where my father approximately 800 per month or 9,600 was being treated for cancer of the patients per annum. esophagus. The rooms were grey, the walls were grey, the fl oors were grey The outpatient clinic receives and the waiting seats were grey and approximately 270 patients a week hard. equating to approximately 14,000 plus per annum. I jump ahead many years and I was accompanying my daughter for treatment in Sir Charles Gairdner Dry July funds at work Hospital Oncology Unit in Perth and when I walked in, as I saw the same Dry July attracted 560 people in WA grey dull surroundings, I recalled with to give their livers a rest in 2009. This dread that I hoped that in the many resulted in Dry July donating $132,692 years since my father’s treatment, that to the cancer ward at Sir Charles the technology had at least improved. Gairdner Hospital, Perth. So in 2009, I gave up alcohol for a Across the course of the year the month and was chuff ed to see the donated funds have been put to good results of the Dry July fundraising use by implementing the following transform the waiting rooms of SCGH changes... to include carpets, TV’s, aquariums, • Upgraded garden area kids play areas, refreshment areas and • Comfy waiting room chairs comfortable lounges. • 4x Sofas So as I lift my glass and salute the • 4x Leather sofas organisers of Dry July and those • Paintings wonderful people who have • Aquarium sponsored me and others for this • Coff ee machines for patients and staff month, just take a moment to think, • New carpet and carpet tiles that while they may not have yet • Coff ee tables found a cure to cancer, we can at least • Children’s play area make a diff erence to those who need • Children’s storage area the facilities for treatments. • Bar fridge • Magazine subscriptions Even if it’s just to prolong their lives • Waiting room table and chairs for a few more weeks or months, or • iPod docking station to clear them of cancer let’s hope that • Painting and wall repairs the surroundings while they have their • Plants / fl owers treatment are at least comfortable. • Beverage cabinet Gerry McLoughlin Dry July participant
18 www.dryjuly.com Queensland
The Mater Adult Hospital, Brisbane across Queensland. Since receiving the funds the Mater Foundation have The Division of Cancer Services is a purchased... tertiary oncology service off ering all aspects of comprehensive care to 1x Site-Rite 5 Ultrasound system. patients from Queensland, northern Venous ultrasound machine to locate New South Wales and the nearby veins and aid in needle placements. Pacifi c. 2x Mayfair Electric Lift Chairs. These The division is one of only two chairs are larger, easier to move, centres in the state that off ers fully and can be moved to a full upright / comprehensive cancer services. standing position for greater patient comfort. There are approximately 1,200 inpatients from Brisbane and 4,712 5x Thompson 600 Series Chairs. inpatients from regional Queensland Designed to reduce or eliminate treated each year in the Mater Adult Occupational Health & Safety risks Hospital. Ward 10A has approximately whilst ensuring maximum patient 300 to 450 outpatients every month, comfort. equating to approximately 12,000 4x Exerciser pedal. So patients can visits each year. exercise in a controlled and safe The day care oncology unit treats environment. all modes of cancer, and provides full supportive care through a multidisciplinary team and an allied Testimonials health team. The unit has 4 beds and “We use the ultra sound machines all the 18 to 20 chairs. Approximately 30% of time, they are fantastic as most of our patients are undergoing trial protocols. patients have poor veins near the end The adult outpatient service is located of their treatment and now we’re able in the Queensland Radium Institute to pin point where the veins are and get Mater Centre building. Outreach clinics a needle in fi rst go. We’re so grateful to are also conducted at Townsville, everyone who donated and it is great Gladstone and Ipswich Hospitals. to see the fundraising come full circle to purchase this tangible equipment to Mater Adult Hospital Division of help cancer patients at the Mater.” Cancer Services treat all adult Shona Anderson - Clinical Nurse in malignancies, and is recognised as a Mater Adult Hospital Oncology Unit leader in breast, gastrointestinal and gynaecological malignancies. It also “Dry July fundraising has really helped provides apheresis services to other the lives of people going through services on the campus as required for something quite traumatic with the the management of malignant and purchase of new oncology equipment. non-malignant disease. It was very exciting when the treatment chairs arrived as they are larger and Funds raised through Dry July will have given patients more comfort as help adults with cancer throughout they reach to ground level and can Queensland with 5,900 inpatients and increase in height for the nurses to work. 12,000 outpatient visits at Mater Adult They are also easier for staff to care for Hospital in Brisbane each year. Patients the patients especially if they need to do spend a week on average in hospital resuscitations. The exercise bikes and every year. computers also give Mater patients a distraction and help with their fi tness while they are sitting in the chairs for up Dry July funds at work to eight hours.” The Mater Adult Hospital in Brisbane Ann Franks - Nurse Unit manager in received $88,616, achieved by the Mater Adult Hospital Oncology Unit fundraising eff orts of 266 people
www.dryjuly.com 19 VICtoria
The Royal Melbourne Hospital Each day, staff in 5W treat an average of 35 - 40 patients. The Royal Melbourne Hospital departments of Clinical Haematology 5N Haematology and Medical and Medical Oncology are Oncology inpatient ward. About 80 internationally renowned for patients per month are treated in 5N excellence in patient care and cancer and often spend up to 3/4 weeks at a research. Each day, approximately time in the ward receiving treatment. 46 patients from all over Victoria and 5E Bone Marrow Transplant ward. Our some from interstate use our services. staff will undertake more than 75 bone RMH Department of Clinical marrow transplants this year (that’s Haematology 1-2 patient transplants every week). Ward 5 East is an 8 bed ward with an The Royal Melbourne Hospital additional bed for urgent transplants. Department of Clinical Haematology Patients are confi ned to their room to is a major centre for the treatment of control infection and generally stay for leukaemia, myeloma, lymphoma and 4 to 6 months. However people who other haematological malignancies. have had a cord transplant will stay It has the largest catchment of indefi nitely. heamatology patients in the state. It is one of two services in Victoria that undertakes bone marrow transplants Dry July funds at work and celebrates 23 years of bone With 452 people in Victoria going Dry marrow transplantation in 2010. Our for July The Royal Melbourne Hospital staff will undertake more than 75 bone were very excited to receive $70,292 marrow transplants this year (that’s to benefi t adult cancer patients. 1-2 patient transplants every week). Since the unit opened 23 years ago it Put straight to good use the funds has conducted more than 1,620 Bone were used to purchase... Marrow Transplants. • 31 new fl atscreen TVs on wards 5E, RMH Department of Medical 5N, 5W Oncology • Design and print patient journals The Royal Melbourne Hospital • Paint the waiting area and provide Department of Medical Oncology new seating for 4S provides care for patients with solid • Paint the family room 4N and provide tumours including: breast, lung, new seating, furniture, books, CDs prostate, gastro-intestinal, colorectal, and DVDs brain and urological cancers. The service has an international reputation for clinical trials ranging Testimonial from early phase studies of “Dry July is a fun way for those of us experimental therapies to participation not aff ected to benefi t cancer patients in multinational Phase III studies. at RMH. Anything that will make The two units are very closely aligned their treatment time with us more and share many resources including comfortable is well worth giving up inpatient wards, day chemotherapy drink for a month.” wards and other infrastructure. David Zerman, Executive Director Royal Melbourne Hospital There are three wards for patients Foundation with cancer at The Royal Melbourne Hospital. 5W Day centre for outpatient chemotherapy and other treatments.
20 www.dryjuly.com South australia
The Queen Elizabeth Hospital Renovate NE 1 Waiting Room Research Foundation, Adelaide • New chairs (28) • Bookshelf/desk and books The Queen Elizabeth Hospital Research • New paint Foundation was established in 1965 to • Pin board for pamphlets raise funds to support the world class • Toy boxes, toys and children’s books medical research conducted at The • 42” LCD Plasmas in both rooms Queen Elizabeth Hospital. (includes DVD players) The Queen Elizabeth Hospital is a 350 • Two 26” LCD TVs on trolleys that will bed public hospital which provides include WiiFit, PS3 and DVD player a comprehensive range of specialist (including games and movies) and diagnostic treatment services to • Laptops for both wards a population base of approximately • Overlays to support laptops 250,000 people, living primarily in the • Trolleys to secure laptops western suburbs of Adelaide, South Australia. Patient Stories The Queen Elizabeth Hospital provides health services by means of inpatient, Bridgewater resident Peter is receiving outpatient and emergency services chemotherapy for lung cancer in using the most modern available the day unit after a January stay as methods of assessment and treatment an inpatient. He said that he would in medical, surgical, mental health, “really appreciate” having access to a allied health and other techniques. computer and wireless internet while Emphasis is placed on continuity of at the day unit. “I’ve got emails piling care before and after hospitalisation up that I don’t really feel like looking at and care is coordinated by a when I get home, so looking at them multidisciplinary team. here would be great.” A keen reader, he also suggested a small library of books There are 20 beds in inpatient and and up-to-date magazines, or even 13 chairs in the outpatient ward. The a DVD library. “Some more artworks diff erent types of cancers we treat are: would be nice, too. We enjoy looking at Oncology: All solid tumors, breast, the ones that they already have here.” lung, colon, upper gastrointestinal, Jim from Flinders Park has been being pancreatic, sarcoma. treated for secondary cancer in his Haematology: Lymphoma, acute lung since June 2009 and spends three leukemia’s, multiple myeloma to fi ve hours a week as an outpatient in aplastic anemia, autologous stem cell the Day Unit. “The staff here are lovely transplants. and you can’t really complain,” Jim said. “Sometimes you do have to wait for things, though, so another treatment Dry July funds at work chair and an extra nurse would be good. And a bigger TV would be good.” With the support of 281 South Australians we were delighted to North Adelaide resident Andrew has present The Queen Elizabeth Hospital liver cancer. He’s been coming to the Research Foundation in Adelaide with Day Oncology Unit for fi ve months so $56,718. The following details how the far, staying four or fi ve hours each visit. funds have been utilised: “It would be quite handy to have some computers,” Andrew said. “You could Renovate NE Ground Patient Lounge pick up your email or get on the internet, • New couches and chairs which would be a good thing to pass • New paint the time. I have some things that I could • Wall graphic have done today if there had been a • Pin board for pamphlets computer here.” Another good way of • Bookshelf and books passing the time would be magazine • Toy boxes, toys and children’s books subscriptions, he said.
www.dryjuly.com 21 Australian capital territory
The Canberra Hospital Testimonials Canberra Hospital (TCH) is an “It has been an advantage as patients acute care teaching hospital of can now move around, they are now approximately 500 beds, and a tertiary much more comfortable and the referral centre that provides a broad lounges and outside area is being used range of specialist services to the a lot more.” people of the ACT and South East NSW. “The stroke chair will be a huge plus as The hospital is the largest public we have a lot of patients who need it hospital in the region, supporting a as they have spinal problems.” population of almost 520,000, with “The comfort of the lounges is strong links to community-based fabulous, I can now see patients feel at services that provide continuity of care home and comfortable, the television for patients. adds to the homey feel.” Canberra Hospital provides patients “The funds have been used on things with high-quality medical and surgical that certainly benefi ts the patients and care within an understanding and relatives, they now have somewhere caring environment. Each department nice to sit and relax.” is staff ed by dedicated and highly skilled specialists who provide high “The new look rooms provides nice quality nursing care. getaway for the patients and families from their rooms.” The Canberra Hospital cancer patient care facilities consist of the following: “Dry July funds have greatly benefi ted patients and their families. Patients 14B is the Oncology inpatient ward now want to go outside or to the at The Canberra Hospital. This is a lounges to spend more time with their 30 bed inpatient service for medical families and every bit helps. The TV is Oncology treatments, Haematology great, a lot more people want use the and radiation oncology treatments. rooms and can now sit in comfort, it’s 14B has a 10 patient outreach service the little things to them that matter.” as well as a day ward service. The Canberra Hospital staff 14A is the day ward and sees comments approximately 50 patients per day.
Dry July funds at work With the support of 109 people across the nation’s capital, The Canberra Hospital received $29,211 for the ACT’s fundraising achievements. Throughout the year the oncology ward has benefi tted by purchasing and implementing: • Patient lounge furniture • 2x 81cm HD TVs • 2x Sound systems • 2x DVD and VCR players • 2x Camcorders • 4x Lounges for patient/family rooms • Garden area furniture • Reclining patient chairs • Ice machines for patients comfort
22 www.dryjuly.com Extract from the Audited Financial Report of Dry July Ltd atf the Dry July Foundation for the financial year 2009 / 10
www.dryjuly.com 23 Summarised Financial statements
Statement of Comprehensive Income for the year ended 30 June 2010
Note 2010 2009 $ $
Sales revenue 2 1,644,958 238,130
Other income 2 29,446 12 Marketing expenses (76,360) (748) Employee expenses 2 (102,346) (16,100) Administration expenses (27,340) (410) Depreciation 2 (149) - Finance costs (32,255) (6,441) Donation expenses (1,433,218) (214,184) Other expenses (2,736) (259)
Surplus before income tax -- Income tax expense - -
Surplus after income tax expense -- Other comprehensive income - -
Total comprehensive income --
The accompanying notes form part of these fi nancial statements. To receive the full additional ‘Notes’ to the fi nancial statements please email: [email protected]
24 www.dryjuly.com Summarised Financial statements - continued
Statement of Financial Position as at 30 June 2010
Note 2010 2009 $ $
Assets Current Assets Cash and cash equivalents 3 629,654 216,571 Trade and other receivables 5 47,889 18,539 Total current assets 677,543 235,110
Non-current assets Property, plant and equipment 1,079 - Total non-current assets 1,079 - Total assets 678,622 235,110
Liabilities Current liabilities Trade and other payables 6 678,622 233,850 Provisions 7 - 1,260 Total current liabilities 678,622 235,110
Non-current liabilities Total liabilities 678,622 235,110 Net assets -- Equity Retained earnings --
Total equity --
The accompanying notes form part of these fi nancial statements. To receive the full additional ‘Notes’ to the fi nancial statements please email: [email protected] www.dryjuly.com 25 SummArised Financial statements - continued
Cash Flow Statement for the year ended 30 June 2010
Note 2010 2009 $ $
Cash from operating activities Receipts from donors 1,622,350 219,833 Payments to suppliers, employees and benefi ciaries (1,209,267) (3,274) Interest received 1,446 12 Interest paid (218) - Net cash provided by operating activities 8(b) 414,311 216,571
Cash fl ows from investing activities Purchase of property, plant and equipment (1,288) -
Net cash (used in) provided by investing activities (1,288) -
Cash fl ows from fi nancing activities Proceeds from related parties - -
Net cash provided by (used in) fi nancing activities - -
Net increase in cash held 413,083 216,571
Cash at beginning of fi nancial year 216,571 -
Cash at end of fi nancial year 8(a) 629,654 216,571
The accompanying notes form part of these fi nancial statements. To receive the full additional ‘Notes’ to the fi nancial statements please email: [email protected]
26 www.dryjuly.com corporate governance
The Dry July Foundation board Dry July is a cause that benefi ts Meetings of Directors consists of 7 Directors. everyone and I am looking forward to During the fi nancial period 4 the challenge.” The board is responsible for the meetings of directors were held. corporate governance and strategic Attendances in the 2010 fi nancial direction of Dry July to ensure Mark Robinson year were: successful delivery of an accountable Director and transparent campaign. “For the past eight years I have been working in real estate. My company Name Eligible Number now has a number of developments to attended Brett Macdonald under construction, which keeps me attend Executive Director on my toes most of the time. S. Abraham 4 4 “With a background in creative design A hard run, a good swim or a hit and branding I’ve been able to bring a P. Grove 4 4 of tennis helps me to relax and range of skill sets to Dry July. stay fi t.” L. Hendry 4 4 Seeing fi rsthand the eff ect of cancer J. Jeff ery 4 4 I’m committed and passionate about making a diff erence through Dry July.” Jacqui Jeff ery B. Macdonald 4 4 Director K. McGilvary 4 4 “Having survived Dry July 2008, I look Phil Grove D. Robinson 4 4 forward to being able to use my event Executive Director and project management skills to “I run my own Web Development assist the Dry July team in 2009. company in Sydney and when I am Outside of work I enjoy a glass of wine not at work or boring people to death or two (except in July), playing the about how great Dry July is, I can piano and travelling.” either be found in the pub or at a gig.”
Louise Hendry Kenny McGilvary Director Director “At work I’m a chartered accountant. “I am a communications specialist Outside work I enjoy meeting with with extensive experience in both friends and travelling. I used to be an B2B and B2C technology in Australia enthusiastic scuba diver but my leisure and the UK. I work closely with clients pursuits now revolve around my two to develop and implement eff ective sons aged 4 and 2 months. strategic communications campaigns that align with their business goals Dry July is personally important to and ultimately, deliver results. me and I am excited to be part of the team.” Scott Abraham Director “I’m a chartered accountant with 13 years private sector experience. Specialising in business advisory services and taxation has given me valuable knowledge that compliments the Dry July team. Nature and I are good buddies. I fi nd no better way to spend my days than on the snow, on my mountain bike or at a good vineyard.
www.dryjuly.com 27 Auditors Declaration
Independent Audit Report to the assurance whether the fi nancial report Audit opinion pursuant to the members of Dry July Limited as is free from material misstatement. Charitable Fundraising (NSW) Trustee for the Dry July Foundation Act 1991 An audit involves performing Report on the Financial Report procedures to obtain audit evidence In our opinion: about the amounts and disclosures in We have audited the accompanying (a) the fi nancial report gives a true the fi nancial report. The procedures fi nancial report, being a special and fair view of the fi nancial result of selected depend on the auditor’s purpose fi nancial report, of Dry July fundraising appeal activities for the judgement, including the assessment Limited as Trustee for the Dry July period ended 30 June 2010; of the risks of material misstatement Foundation, which comprises the of the fi nancial report, whether due (b) the fi nancial report has been statement of fi nancial position as at to fraud or error. In making those risk properly drawn up, and the associated 30 June 2010, and the statement of assessments, the auditor considers records have been properly kept for comprehensive income, statement internal control relevant to the the period ended on 30 June 2010, of changes in equity and cash fl ow Association’s preparation and fair in accordance with the Charitable statement for the year ended that date presentation of the fi nancial report in Fundraising (NSW) Act 1991 and a summary of signifi cant accounting order to design audit procedures that Regulations; policies, other explanatory notes and are appropriate in the circumstances, the directors’ declaration. (c) money received as a result but not for the purpose of expressing of fundraising appeal activities an opinion on the eff ectiveness conducted during the period ended The Responsibility of the Directors of the entity’s internal control. An 30 June 2010 has been properly for the Financial Report audit also includes evaluating the accounted for and applied in appropriateness of accounting policies The directors of the company are accordance with the Charitable used and the reasonableness of responsible for the preparation and Fundraising (NSW) Act 1991 and accounting estimates made by the fair presentation of this fi nancial Regulations; and directors, as well as evaluating the report in accordance with the overall presentation of the fi nancial (d) there are reasonable grounds to accounting policies outlined in Note report. believe that Dry July Limited will be 1 to the fi nancial statements, which able to pay its debts as and when they form part of the fi nancial report, are We believe that the audit evidence fall due. appropriate to meet the requirements we have obtained is suffi cient and of the Corporations Act 2001 and are appropriate to provide a basis for our appropriate to meet the needs of the audit opinion. members. This includes responsibility for the maintenance of adequate Independence accounting records and internal controls that are designed to prevent In conducting our audit, we have Forsythes and detect fraud and error, and for the complied with the independence accounting policies and accounting requirements of the Australian estimates inherent in the fi nancial professional ethical pronouncements. report. Martin Matthews Partner Auditor’s Opinion Auditor’s Responsibility Chartered Accountants In our opinion the fi nancial report of Our responsibility is to express an Dry July Limited is in accordance with opinion on the fi nancial report based Newcastle, October 2010 the Corporations Act 2010, including: on our audit. No opinion is expressed as to whether the accounting policies (i) giving a true and fair view of the used, as described in Note 1, are company’s fi nancial position as at 30 appropriate to meet the needs of the June 2010 and of its performance for members. We conducted our audit in the year ended on that date; accordance with Australian Auditing (ii) complying with Australian Standards. These Auditing Standards Accounting Standards (including the require that we comply with relevant Australian Accounting interpretations) ethical requirements relating to audit and the Corporations Regulations engagements and plan and perform 2001. the audit to obtain reasonable
28 www.dryjuly.com Charitable Fundraising Act Declaration
I, Philip Grove, Managing Director of Dry July Limited, declare that in my opinion: a) the Financial Statements and notes thereto give a true and fair view of all income and expenditure of Dry July Limited with respect to fundraising appeals and merchandising; b) the Statement of Financial Position, Statement of Comprehensive Income and notices thereto give a true and fair view of the state of aff airs with respect to fundraising appeals and merchandising sales; c) the provision of the Charitable Fundraising Act 1991 and its regulations, Charitable Collections Act 1946 and Charitable Collections Regulations 1947 have been complied; and d) the internal controls exercised by Dry July Limited are appropriate and eff ective in accounting for all income received.
Philip Grove Director
Brett Macdonald Director
Dated: 27th October 2010
www.dryjuly.com 29 directors declaration
As detailed in Note 1 to the fi nancial (i) giving a true and fair view of the statements, the company is not fi nancial position of the company as at a reporting entity because in the 30 June 2010 and of its performance, opinion of the directors there are as represented by the results of its unlikely to exist users of the fi nancial operations and its cash fl ows, for the report who are unable to command fi nancial period ended on that date in the preparation of reports tailored accordance with Note 1; and so as to satisfy specifi cally all of their (ii) complying with Australian information needs. Accordingly, this Accounting standards, other “special purpose fi nancial report” has mandatory professional reporting been prepared to satisfy the directors’ requirements to the extent described reporting requirements under the in Note 1 and the Corporations Corporations Act 2001. Regulations 2001. The directors declare that: This statement is made in accordance a) in the directors’ opinion, there are with a resolution of the directors reasonable grounds to believe that the made pursuant to s.295(5) of the company will be able to pay its debts Corporations Act 2001. as and when they become due and payable; and b) in the directors’ opinion, the attached fi nancial statements and notes thereto are in accordance with the Corporations Act 2001, including:
On behalf of the Directors
Philip Grove Director
Brett Macdonald Director
Dated: 27th October 2010
30 www.dryjuly.com NOTEs
Note 1 to the Financial Statements for the Year Ended 30 June 2010
1 Summary of Signifi cant Accounting (g) Employee Benefi ts trends and economic data, obtained both Policies Provision is made for the company’s liability externally and within the company. for employee benefi ts arising from services (a) Financial reporting framework rendered by employees to balance date. (m) Impairment of AssetsAt each The company is not a reporting entity Employee benefi ts that are expected to reporting date, the company reviews because in the opinion of the directors be settled within one year have been the carrying values of its tangible and there are unlikely to exist users of the measured at the amounts expected to intangible assets to determine whether fi nancial report who are unable to be paid when the liability is settled, plus there is any indication that those assets command the preparation of reports related on-costs. Employee benefi ts payable have been impaired. If such an indication tailored so as to satisfy specifi cally all of later than one year have been measured at exists, the recoverable amount of the asset, their information needs. Accordingly, this present value of the estimated future cash being the higher of the asset’s fair value less ‘special purpose fi nancial report’ has been outfl ows to be made for those benefi ts. costs to sell and value in use, is compared to prepared to satisfy the directors’ reporting These cashfl ows are discounted using the asset’s carrying value. Any excess of the requirements under the Corporations Act market yields on national government asset’s carrying value over its recoverable 2001. bonds with terms to maturity that match amount is expensed to the profi t or loss. This is a special purpose fi nancial report the expected timing of cashfl ows. Impairment testing is performed annually that has been prepared for the sole purpose (h) Goods and Services Tax (GST) for goodwill and intangible assets with of complying with the Corporations Act Revenues, expenses and assets are indefi nite lives. 2001, NSW Charitable Fundraising Act recognised net of the amount of GST, Where it is not possible to estimate the 1991 and NSW Charitable Fundraising except where the amount of GST incurred is Regulation 1993 requirements to prepare recoverable amount of an individual asset, not recoverable from the Tax Offi ce. In these the company estimates the recoverable and distribute a fi nancial report to the circumstances the GST is recognised as part members and must not be used for amount of the cash-generating unit to of the cost of acquisition of the asset or as which the asset belongs. any other purpose. The directors have part of an item of the expense. Receivables determined that the accounting policies and payables in the statement of fi nancial Financial assets are assessed for indicators adopted are appropriate to meet the needs position are shown inclusive of GST. of impairment at the end of each reporting of the members. period.Financial assets are considered to be Cash fl ows are presented in the cash fl ow (b) Statement of compliance impaired when there is objective evidence statement on a gross basis, except for the that, as a result of one or more events that The fi nancial report has been prepared in GST component of investing and fi nancing accordance with the Corporations Act 2001, occurred after the initial recognition of the activities, which are disclosed as operating fi nancial asset, the estimated future cash the basis of accounting specifi ed by all cash fl ows. Accounting Standards and Interpretations, fl ows of the investment have been aff ected. and the disclosure requirements of (i) Revenue and Other Income For fi nancial assets carried at amortised Accounting Standards AASB 101 Donations received are credited to income cost, the amount of the impairment loss ‘Presentation of Financial Statements’, AASB in the period in which they are received. In recognised is the diff erence between the 107 ‘Cash Flow Statements’ and AASB 108 respect of pledges committed, income is asset’s carrying amount and the present ‘Accounting Policies, Changes in Accounting recognised when it is received. value of estimated future cash fl ows, Estimates and Errors’. Accounting Revenues from the sale of merchandise discounted at the fi nancial asset’s original Standards include Australian equivalents to eff ective interest rate. International fi nancial Reporting Standards is recognised when the company has (‘A-IFRS’). transferred the signifi cant risks and rewards The carrying amount of the fi nancial asset of ownership of the goods to the buyer. is reduced by the impairment loss directly (c) Basis of Preparation Gifts in kind including professional pro for all fi nancial assets with the exception The fi nancial report has been prepared on of trade receivables, where the carrying an accruals basis and is based on historical bono services that can be reasonably valued are brought to account as revenue amount is reduced through the use of an costs modifi ed, where applicable, by the allowance account. When a trade receivable measurement at fair value of selected non- when the benefi t of the service or control of the asset transfers to Dry July Limited. is considered uncollectible, it is written off current assets, fi nancial assets and fi nancial against the allowance account. Subsequent liabilities. Interest income is recognised by applying recoveries of amounts previously written off The following signifi cant accounting the eff ective interest rate. are credited against the allowance account. Changes in the carrying amount of the policies have been adopted in the (j) Finance Costs preparation and presentation of the allowance account are recognised in the Finance costs comprise commissions, profi t or loss. fi nancial report: transaction fees and charges and are (d) Cash and Cash Equivalents recognised in profi t or loss when they are (n) Plant and Equipment Cash and cash equivalents include cash on incurred. Plant and equipment are measured on the hand, deposits held-at call with banks, other cost basis less depreciation and impairment (k) Financial Assets losses. short-term highly liquid investments with Trade receivables, loans, and other original maturities of three months or less, receivables that have fi xed or determinable Depreciation is recognised as to write and bank overdrafts. payments that are not quoted in an off the costs or valuation of assets less (e) Trade payables active market are classifi ed as ‘loans and their residual value over their useful Trade and other payables are initially valued receivables’. Loans and receivables are lives, using the straight-line method. The at fair value. Trade and other payables are measured at amortised cost using the estimated useful lives, residual values and subsequently measured at amortised cost eff ective interest method less impairment. depreciation method are reviewed at each using year end, with the eff ect of any changes in (l) Critical Accounting Estimates and estimate accounted for on a prospective (f) Income Tax Judgements basis. The Company has been granted charity The directors evaluate estimates and status and, as such, is exempt from income judgements incorporated into the fi nancial tax. report based on historical knowledge To receive the additional ‘Notes’ to the and best available current information. fi nancial statements please email: Estimates assume a reasonable expectation [email protected] of future events and based on current
www.dryjuly.com 31 Reminds me of my safari in Africa. Somebody forgot the corkscrew and for several days we had to live on nothing but food and water” - W.C. Fields
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