AUSTRALIAN LITERACY & NUMERACY FOUNDATION LIMITED BY GUARANTEE ABN 27 098 802 094 FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019 AUSTRALIAN LITERACY & NUMERACY FOUNDATION LIMITED BY GUARANTEE ABN 27 098 802 094 TABLE OF CONTENTS Directors' Report ......................................................................................................................................................................... 1 Auditor's Independence Declaration ........................................................................................................................................... 4 Financial Report - Statement of Comprehensive Income ..........................................................................................................................................5 - Statement of Financial Position ...................................................................................................................................................6 - Statement of Changes in equity ...................................................................................................................................................7 - Statement of Cash Flows .............................................................................................................................................................8 - Notes to the Financial Statements ................................................................................................................................................9 – 13 Directors' Declaration ................................................................................................................................................................. 14 Independent Audit Report ........................................................................................................................................................... 15- 16 Additional Information ............................................................................................................................................................... 17 – 18 AUSTRALIAN LITERACY & NUMERACY FOUNDATION LIMITED BY GUARANTEE ABN 27 098 802 094 DIRECTORS' REPORT The directors present their report, together with the financial statements, on the company for the year ended 31 December 2019. Directors The following persons were directors of the company during the whole of the financial year and up to the date of this report, unless otherwise stated: Mary Ruth Mendel (3 December 2001 to present) Kim Eva Kelly (3 December 2001 to present) Leslie Butterfield (17 November 2005 to present) Prof. Thomas Calma (27 September 2010 to present) Jonathan McCauley (23 November 2015 to 1 July 2019) Adam Goodes (16 August 2017 to present) Phillip Garling (1 July 2019 to present) Objectives The company is dedicated to raising language, literacy and numeracy standards in Australia and raises funds to develop, implement and sustain innovative projects for individuals, families and communities. Strategy for achieving the objectives The company teaches marginalised Australians – including those in refugee and Indigenous communities – how to read and write. It also help to develop the skills of teachers, carers, healthcare workers, community workers and volunteers to pass on good literacy practices to their families and communities. The company's programs are tailored to the needs of individuals, groups and communities, and are incredibly effective in delivering tangible outcomes and creating a real impact. Principal activity The principal activity of the company during the financial year was to engage in the direct provision of speech, literacy, and numeracy services to sick, self-distress, misfortune, disable, destitute and helpless individuals; - To directly assist persons of all ages with language, literacy and numeracy needs, difficulties and disabilities who are unable to afford assistance; - To develop, teach and train others in sound methods of teaching and supply appropriate services to those in need; - To facilitate both professional and public access to information about literacy and numeracy. No significant changes in the nature of the company's activity occurred during the year. Performance measures The company measures its performance in both the amount of funds raised and amount of funds spent in accordance with the requirements of funding agreements. Information on Directors - Founder of the Australian Literacy and Numeracy Foundation. Speech Pathologist who Mary Ruth Mendel operates a private practice in Sydney speciali sing in literacy and language learning difficulties, with a local and international client base. Formerly principle co-owner of The Sydney Literacy Centre. At present is a Director of Yabayaba Resources Pty Limited. - Co-founder of the Australian Literacy and Numeracy Foundation. Formerly principle Kim Eva Kelly co-owner of Monde Model Management and The Sydney Literacy Centre. At present is a Director of Maverick Developments and of Yabayaba Resources Pty Limited - CEO of M cLachlan Lister, Independent Management Consultants and Project Managers. Leslie Butterfield Currently on the Board of the Queensland Micro Technology Centre. Ms Butterfield was the Inaugural NSW President and National Vice President for the National Association of Women in Construction, was inducted to Inaugural Business Women’s Hall of Fame, and was Telstra Business Woman of the year. 1 AUSTRALIAN LITERACY & NUMERACY FOUNDATION LIMITED BY GUARANTEE ABN 27 098 802 094 DIRECTORS' REPORT (continued) Prof. Thomas Calma - Former Aboriginal and Torres Strait Islander Social Justice Commissioner Prof. Calma is an Aboriginal elder from the Kungarakan tribal group and the Iwaidja tribal group whose traditional lands are south west of Darwin and on the Coburg Peninsula in the Northern Territory. He has been involved in Indigenous affairs at a local, community, and state, national and international level and has worked in the public sector for over 30 years. Until his appointment on 12 July 2004 as Aboriginal and Torres Strait Islander Social Justice Commissioner, for an appointment of five years and Race Discrimination Commissioner since July 2008, Prof. Calma managed the Community Development and Education Branch at Aboriginal and Torres Strait Islander Services (ATSIS) where he worked with remote Indigenous communities to implement community-based and driven empowerment and participation programs. In 2003, he was Senior Adviser of Indigenous Affairs to the Minister of Immigration, Multicultural and Indigenous Affairs and from 1995 to 2002 he was a senior diplomat in India and Vietnam. Prof. Calma is also a White Ribbon Day ambassador, the International Day for the Elimination of Violence Against Women, held on 25 November each year. Commissioner Calma is also a national patron of Wakakirri National Story Festival Adam Goodes - An Adnyamathanha man, Adam Goodes is a former professional Australian rules footballer who played for the Sydney Swans team in the Australian Football League (AFL). Goodes holds an elite place in VFL/AFL history as a dual Brownlow Medallist, dual premiership player, four-time All-Australian, member of the Indigenous Team of the Century and representative of Australia in the International Rules Series. In addition, he holds the record for the most VFL/AFL games played by an Indigenous player, surpassing Andrew McLeod's record of 340 during the 2014 AFL season and retiring the following year with a career total of 372.” Goodes was named Australian of the Year in 2014 for his community work through the Go Foundation and advocacy against racism. Phillip Garling - Phillip is an experienced company director having chaired and sat on listed, government and not for profit boards for the last 15 years. His current directorships include Energy Queensland (Chair), Downer EDI, Charter Hall and Tellus Holdings (Chair). He is immediate past President of Water Polo Australia. His executive career included 22 years at Lend Lease in Australia & Singapore, the last 5 as CEO of Lend Lease Capital Services. His final executive role was as Global Head of Infrastructure at AMP Capital Investors. “I believe the ability to communicate (read & write) is a human right as fundamental as access to clean water and air. Being literate gives us the ability to determine our own future”. 2 AUSTRALIAN LITERACY & NUMERACY FOUNDATION LIMITED BY GUARANTEE ABN 27 098 802 094 DIRECTORS' REPORT (continued) Meetings of Directors During the financial year, - meetings of directors (including committee meetings) were held. Attendances by each director were as follows: DIRECTORS' MEETINGS Number Number eligible attended to attend Mary Ruth Mendel (3 December 2001 to present) 12 12 Kim Eva Kelly (3 December 2001 to present) 12 12 Leslie Butterfield (17 November 2005 to present) 12 3 Prof. Thomas Calma (27 September 2010 to present) 12 12 Jonathan McCauley (23 November 2015 to 1 July 2019) 6 1 Adam Goodes (16 August 2017 to present) 12 4 Phillip Garling (1 July 2019 to present) 2 Contributions on winding up The company is incorporated under the Corporations Act 2001 and is a company limited by guarantee. If the company is wound up, the constitution states that each member is required to contribute a maximum of $10 each towards meeting any outstanding and obligations of the company. Events occurring after the end of the reporting period The company continues to closely monitor the coronavirus (COVID-19) outbreak and has put in place regular communication mechanisms to staff,