Creeds Farm Living & Learning Centre Annual Report 2016 /...

Creeds Farm Living & Learning Centre Annual Report 2016 / 2017


Chairperson’s Report

This is my first Chairperson’s Report for Creeds Farm and I write this looking back on a productive

year for the Centre and the community we support.

Epping North is a unique community. When the Centre opened in 2011, Epping North had a

population of 7,596. Today, this has dramatically increased to 27,967 residents. By 2037 the

population is forecast to be 54,314 – a remarkable increase of 26,347 persons or 94.2%.

Because we are part of one of the fastest growing regions in Australia, the Centre must react to and

deliver on this rapid community change.

In the last 12 months, our Board of Management has welcomed new members – bringing with them

energy and fresh ideas. 2017 was a period of consolidation in terms of our governance and we

created a stable policy and procedural platform to set us up for success moving forward.

We also continued to work from our Strategic Plan 2016 – 2020, ensuring all our decisions and

actions align to our three objectives:

• To provide opportunities for lifelong learning

• To foster environmental stewardship and practices

• To enhance community connections and social inclusion

Creeds Farm maintains a strong financial position. This has allowed us in the past 12 months to focus

on both strengthening our current community offerings and to also explore new funding and project

opportunities.

This year we appointed a qualified teacher to manage our Creeds Homework Club. This has

improved our education support for both our volunteer tutors and students and, as a result, we have

seen a lift in the program quality and student numbers.

Our environmental stewardship and green practices remain at the heart of the way we run the

Centre. To build on our 2015 environmental audit actions, we have now committed to increase the

Centre’s solar panel system to supply all our power needs. We are moving from gas to electricity,

provided by our solar panels and to purchase green energy.

Over the last 12 months the usage of our Centre’s meeting spaces has increased. The range of these

community gatherings reflects the diversity of our local community; for example, Sikh educational

sessions for children, cooking classes with Melbourne City Mission, Samoan church meetings, Afro-

Brazilian drumming workshops, and Sri Lankan seniors and choir meetings. As a Board member I am

proud to be a part of an organization that provides for the needs of so many people from so many

cultures.


Warm thanks to everyone for actively supporting Creeds Farm and its objectives and achievements – to our funders and partners, to our wonderful volunteers, to our Manager Max Sargent and of course, our Board. To all those who use or visit the Centre, have a wonderful 2018. We look forward to the continued services our Centre facilitates for our vibrant and unique community. Kathryn Jenkins Chairperson Creeds Farm Living & Learning Centre


Manager’s Report

Committee of Management Thankyou to Kathryn Jenkins, Chairperson 2016-17, for leading us through another year, to Krishna Batmesswaran for keeping an eye on the money as Treasurer, Adrian Spinelli, Secretary and to our general Committee members – Sandeep Karun, Judit Brown, Margaret Ismail and Despina Filippaki for their commitment and ability to work together as an effective team. We said thankyou and goodbye to Karen Rosenberg (previous Chairperson), Upul Sathurusinghe (previous Treasurer), Dimitri Dimech We were fortunate in gaining new Committee of management during the year The work of our Committee included a new Strategic Plan an extensive review and the adoption of a suite of policies for Creeds Farm. Volunteers Many thanks go to the volunteers who make our activities possible: Homework Club Tutors - Damir Lozanovski, Margaret Ismail, Melanie Ribaux and Krishna Batmesswaran, Babitha Conoor, Carlia Cairns, Sandra Guadagno, Linda Brinnand and Paola Sanabria Tuesday Playgroup – Radah Guda and Hulya Candan. Thankyou to Jo Durst for looking after Creeds Farm during school holidays. New Programs, Groups and Activities Friends of the Growling Frog formed to care for a nearby part of Edgars Creek to improve habitat for the Growing Grass Frog and we provide a free venue to the group as part of our environmental commitments. Accredited training providers delivered courses at Creeds Farm: Employease Training Certificate III Individual Support (Ageing, Home & Community) and Certificate IV Disability; and Wentworth College Certificate IV in Community Services Work & mental health. Tuesday Playgroup followed on from the ending of Sparkle Playgroup which had been funded by council for a year. While facilitating Tuesday Playgroup, I got to re-learn many of the songs, rhymes and games that I had enjoyed as a parent (and as a kid too!). Northern Melbourne SriLankan Association Yoga, Choir and Committee began holding sessions. Whittlesea Arabic Women’s Group supported by Whittlesea Community Connections needed a low cost, culturally sensitive venue for the group and they have been meeting at Creeds Farm weekly. Continuing Regular Programs Sew happy Craft Group; Hope and Faith mental health self-help group; Monday Yoga with Nathan; All Dance Kinda Dance; Tiny Tutus; Wild at Heart all abilities arts; Spanish church services and community monthly breakfasts; Samoan Seventh Day Adventist church; My Grace church; Tuesday Playgroup; Tech for T/weens; Maktab Islamic studies for children; Karma Dance; Dream Army Taekwondo; Table tennis; Elders Making A Difference; Parent run Playgroup; Ukulele Meet Up; and we also provided a rainy day venue for Joey Cricket; Growling Strong mental health support group Other Activities at Creeds Farm 2016 We were a polling booth for the 2016 Federal Election in July. Plan Buy Cook workshop on sustainable cooking on a budget September Aboriginal housing Victoria Christmas party


Australian SriLankan Cultural and Welfare Association AGM 2017 Free flu vaccinations were provided to program participants at Creeds Farm for the 2017 flu season. Thankyou to Council’s health staff for this. The funding was from the Eastern Primary Health Network. We were a rehearsal venue for Tue Culture Aboriginal dance and we hosted and promoted a Family Violence forum with Lisa Bonavita in May. Homework Club We received a council Community Development Grant for our homework Club which enabled us to employ Judy Stafford as Facilitator. Judy is a highly experienced senior teacher and Homework Club has gone from strength to strength with her involvement Creeds Farm Community Garden Group Creeds Farm Community Garden has had a great year. The group has established direct connections with 2 kindergarten services in the neighbourhood (Wallaby Childcare and Galada Childcare). Both have had groups of children come to the garden on regular occasions to plant, water, weed and experience the garden. They have a dedicated planting areas. One area is currently being improved and renovated thanks to support of Creeds Farm Living and Learning Centre. They are both keen to increase participation at the garden and the centre. The group have had twelve official garden meetings throughout the year on the last Sunday of the month. We have gained new members and lost a few others who have moved from the area. The group will continue to improve the garden in the next year and increase opportunities for local residents to experience the garden. Regards, Brad Costin for Creeds Farm Community Garden Group Aurora Community Association We confirmed our agreement to support the Aurora Community Association resident’s group with on-going meeting space free of charge in recognition of their role in community advocacy. The group used Creeds Farm for their Committee; General meetings, community gatherings and sub-committee meeting Our Funders Thankyou to our funders - the City of Whittlesea, the Department of Health and Human Services and the Department of Education and Training. Finance & IT Peter Drinan continues to play an essential role by being our Finance Officer and IT department. Peter has high level expertise in both these areas and has intimate knowledge of our organisational history. Thanks again to our Committee, volunteers, sister organisations, Council Community Development staff Pania Bailey-Jenkin and Kelisha Nekitas, to Julie Johnston from the North East neighbourhood House Network; to our contractors and to centre users for a year of community building and fun. Max Sargent Manager


Treasurer’s Report

It’s my pleasure to present 2016/17 financial statements on behalf of the committee in another successful year for Creeds Farm Living & learning Centre (CFLLC). Financial statements have been prepared with a view to the transactions carried out as a consequence of CFLLC’s activities over the twelve months from July 2016 to June 2017. My sincere thanks to Michael Adasko CPA for his oversight in auditing CFLLC’s financial statements this financial year. I am also happy to declare that the 2016/17 accounts have been confirmed as reflecting a true and fair view of CFLLC’s financial position as at 30th June 2017 and that the accompanying statements have been prepared in accordance with the prevailing accounting standards. CFLLC has maintained its healthy financial position following last year’s success and has managed to acquire grants to fund its projects including the professional facilitation of our Homework Club. Some highlights of the financial year 2016/17 include: 50% decrease in expenditure (payments to suppliers & employees) 115% increase in cash inflow 30% increase in cash at bank This year’s success would not have been possible without the ongoing commitment, dedication and support from Max Sargent (CFLLC manager), fellow committee members and all of our volunteers. Furthermore, a sincere thanks Peter Drinan (Finance Officer) for his ongoing expertise and support with accounting and IT throughout this financial year. Krishna Batmesswaran Committee Treasurer

2017 2016$ $

CURRENT ASSETSBendigo - Building 589 585Bendigo - Operating 64,631 43,556Bendigo - Savings 102 800Bendigo - Term Deposit 1 0 0Bendigo - Term Deposit 2 26,458 25,752Petty Cash 389 504Accounts and Other Receivables 11,447 17,547

103,616 88,744

NON CURRENT ASSETSProperty Plant & Equipment at Cost 1,502,668 1,500,364Less Provision for Depreciation -254,113 -218,185

TOTAL NON CURRENT ASSETS 1,248,555 1,282,179

TOTAL ASSETS 1,352,171 1,370,923

CURRENT LIABILITIESTrade & Other Creditors 2,907 6,644Accrued Expenses 1,057 479Provision for Annual Leave & Time in Lieu 4,735 3,581Provision for Long Service Leave 3,244 1,668Provisions Other 25,000 25,000Prepaid Grants 4,639 11,989GST Payable 721 4,289Payroll Liabilities 1,792 2,192

TOTAL LIABILITIES 44,095 55,842

NET ASSETS 1,308,076 1,315,081

Represented byMEMBERS EQUITYOpening Balance 1 July 1,315,081 1,316,008Add Net Income For the Year -7,005 -927

TOTAL EQUITY 30 JUNE 1,308,076 1,315,081

CREEDS FARM LIVING AND LEARNING CENTRE INCBALANCE SHEET AS AT 30 JUNE 2017

2017 2016$ $

INCOMEGrants 91,814 85,705Operating Income 30,692 28,438Interest 1,164 5,207

TOTAL INCOME 123,670 119,350

LessEXPENDITUREAdvertising, Marketing & Promotion 300 119Audit & Accounting Fees 7,763 7,480Bad Debt Expenses 1,651 0Bank Charges 112 296Boardroom & Governance 490 101Cleaning 9,078 6,717Computer Expenses 1,917 785Depreciation 35,928 36,326Gas, Water, Electricity 2,867 3,423Insurance 2,953 2,700Membership Fees 726 234Minor Asset Purchases 743 143Printing & Stationery 1,415 214Program Expenses 2,697 5,712Postage & Freight 0 64Provision for Building Improvement 0 0Publications 0 164Repairs & Maintenance 3,296 7,991Salaries 49,693 41,602Security Expenses 799 624Sundry Expenses 803 814Superannuation 4,233 3,781Telephone & Internet 2,039 1,965Workcover 1,172 -978TOTAL EXPENSES 130,675 120,277NET INCOME FOR THE YEAR -7,005 -927

CREEDS FARM LIVING AND LEARNING CENTRE INC.INCOME STATEMENT FOR YEAR ENDED 30 JUNE 2017

2017 2016INCOME $ $Grants Received 97,881 94,460Other Income 45,018 23,400Interest Income 1,164 5,207

144,063 123,067EXPENDITUREPayments To Suppliers & Employees 120,787 236,669

NET CASH INFLOWS FROM OPERATIONS 23,276 -113,602lessNET CASH INFLOWS FROM INVESTING ACTIVITIESPurchases Of Fixed Assets 2,304 27,135NET CASH INFOWS 20,972 140,737-

RECONCILIATION OF OPERATING SURPLUS WITH CASH FLOW FROM OPERATIONS

Operating Surplus/-Deficit For Year -7,005 -927Add Back Depreciation 35,928 36,326

28,923 35,399 MOVEMENT IN ASSETS & LIABILITIESDecrease/Increase In Receivables 6,100 -9,492Decrease/Increase In Creditors & Provisions -11,747 -139,509

NET CASH INFLOWS FROM OPERATIONS 23,276 113,602-

CASH AT BANK AT START OF YEAR 71,197 211,934ADD NET CASH INFOWS( OUTFLOWS) 20,972 -140,737

CASH AT BANK 30 JUNE 92,169 71,197

2017 2016MADE UP AS FOLLOWS $ $Bendigo - Building Account 589 585Bendigo - Operating Account 64,631 43,556Bendigo - Savings Account 102 800Bendigo - Term Deposit 1 0 0Bendigo - Term Deposit 2 26,458 25,752Petty Cash 389 504

CASH AT BANK 30 JUNE 92,169 71,197

CREEDS FARM LIVING AND LEARNING CENTRE INC.CASH FLOW STATEMENT FOR YEAR ENDED 30 JUNE 2017

CREEDS FARM LIVING AND LEARNING CENTRE INC.

Notes to the Financial Statements

For the year ended 30 June 2017

Note 1: Statement of Significant Accounting Policies

This financial report is a special purpose financial report prepared in order to satisfy the

financial report preparation requirements of the Associations Incorporation Reform Act 2012.

The committee have determined that the Association is not a reporting entity.

Basis of Preparation

The report has been prepared in accordance with the following applicable Accounting

Standards and Urgent Issues Group Interpretations:

AASB 101: Presentation of Financial Statements

AASB 107: Cash Flow Statements

AASB 108: Accounting Policies, Changes in Accounting Estimates and Errors

AASB 110: Events after the Balance Sheet Date

AASB 1031: Materiality

AASB 1048: Interpretation and Application Standards

No other Australian Accounting Standards, International Accounting Standards Urgent Issues

Group Interpretations or other authoritative pronouncements of the Australian Accounting

Board have been applied.

Reporting Basis and Conventions

The financial report has been prepared on an accruals basis and is based on historic costs.

The following is a summary of the material accounting policies adopted by the Association in

the presentation of the financial reports. The accounting policies have been consistently

applied, unless otherwise stated.

Accounting Policies

(a) Plant and Equipment

Plant and equipment are measured on the cost basis.

The carrying amount of plant and equipment is reviewed annually by directors to ensure it is

not in excess of the recoverable amount from these assets. The recoverable amount is assessed

on the basis of the expected net cash flows that will be received from the asset’s employment

and subsequent disposal. The expected net cash flows have been discounted to their present

values in determining recoverable amounts.

Increases in the carrying amount arising on revaluations are credited to the revaluation reserve

in equity. Decreases that offset previous increases of the same asset are charged against fair

value reserves directly in equity; all other decreases are charged to the income statement. Each

year the difference between depreciation based on the assets original cost is transferred from

the revaluation reserve to retained earnings.

CREEDS FARM LIVING AND LEARNING CENTRE INC.

Notes to the Financial Statements

For the year ended 30 June 2017

(c) Depreciation

The depreciable amount of all fixed assets, is depreciated on a diminishing value basis over

their useful lives to the Association commencing from the time the asset is held ready for use.

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each

balance sheet date.

An asset’s carrying amount is written down immediately to its recoverable amount if the

asset’s carrying amount is greater than its estimated carrying amount.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount.

These gains or losses are included in the income statement. When revalued assets are sold,

amounts included in the revaluation reserve relating to that asset are transferred to retained

earnings.

(d) Cash and Cash Equivalents

Cash and Cash Equivalents includes cash on hand, deposits held at call with banks or financial

institutions, other short term highly liquid investments with original maturities of three months

or less, and bank overdrafts. Bank overdrafts are shown within short term borrowings in

current liabilities on the balance sheet.

(e) Comparative Figures

Comparative figures have been adjusted to conform to changes in presentation for the current

financial year where required by accounting standards or as a result of changes in accounting

policy, or changes to the accounting period.

Creeds Farm Living & Learning Centre Annual Report 2016 /...

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