Our finances

Together we're making a difference

In the last year our work reached more than 143,648 children and young people in need in 94 communities across Australia, thanks to the support of caring Australians.

Over the five years to June 2018, an average of $3 in every $4 raised from individual supporters, corporate partners and governments has been available for spending on our Community Programs.

We continue to manage the funds entrusted to us effectively and efficiently, helping us to direct more of the funds raised to our community programs by:

  • maintaining our expenditure on administration at just 2.1% (averaged over the last five years), and
  • through an incredible 8,389 volunteers supporting our work in every state and territory in 2017–18, donating more than 410,000 hours of their time, valued at $12.1m.

Thanks to the ongoing commitment of all our supporters, in 2017–18 we invested a record $74.6 million in our community programs, up 13.2% on the previous year. This meant we could help 143,648 disadvantaged children and young people; a very pleasing 19% increase in our reach compared to the prior year.

75 per cent of supporter funds raised spent on programs

Five-Year Financial Performance


Over the last five years, net operating income has grown by an average of 8.1% annually. It increased from $80.9 million in 2013–14 to $110.5 million in 2017–18.

Donations and corporate supportIn 2013–14, income from individual donations and corporate support was $43.6 million. By 2017–18, it had risen to $64.5 million, representing average annual growth of 10.3%.
Government fundingWe received $26.1 million in government funding in 2013–14. In 2017–18, we received $33.6 million, representing average annual growth of 6.5%.
Children’s Future Education FundIn 2017–18, we received $405,000 into the Children’s Future Education Fund.


Overall expenditure has risen from $78.7 million in 2013–14 to $108.9 million in 2017–18.

Policy and programsIncreasing revenue over the years has allowed us to extend the reach of our work. Expenditure on community programs has increased on average by 4.8% per year since 2013–14, rising from $61.9 million in 2013–14 to $74.6 million in 2017–18.
FundraisingFundraising expenditure increased from $13.0 million in 2013–14 to $28.5 million in 2017–18. The underlying increase in expenditure reflects our investment in sponsor growth initiatives and our digital, corporate and major donor fundraising activities.
AdministrationExpenditure of $2.5 million on administration support in 2017–18 represented 2.3% of total income, which was consistent with previous financial years

Other results and indices

Recycling Operation and other commercial activitiesRevenue from our recycling and other commercial activities grew by 3.5% to $18.0 million in 2017–18. The net contribution in 2017–18 was $442,000.


Estimated value of volunteering contributionThe estimated value of our volunteers’ contributions in 2017–18 totalled $12.1 million.

Five-Year Financial Summary

(Figures in $’000s)

2017–18: 5,518
Gross income including Recycling Operation and VIEW revenue2013–14: 100,8472014–15: 106,2742015–16: 107,8562016–17: 118,9452017–18: 131,884
Donations and corporate support2013–14: 43,6182014–15: 46,6922015–16: 52,3492016–17: 56,1892017–18: 64,484
Bequests2013–14: 3,3662014–15: 4,8132015–16: 11,1312016–17: 8,2622017–18: 7,110
VIEW Clubs net contribution2013–14: 1,0992014–15: 1,0282015–16: 1,1982016–17: 1,1232017–18: 1,640
Government funding2013–14: 26,1382014–15: 22,5892015–16: 19,3672016–17: 26,4742017–18: 33,609
Children’s Future Education Fund2016–17: 3,0902017–18: 405
Commercial activities net contribution2013–14: 3,2952014–15: 2,4252015–16: 1,4032016–17: 1,8722017–18: 442
Investment and other income2013–14: 3,3862014–15: 9,2392015–16: 2,1702016–17: 2,4412017–18: 2,793
Total Income2013–14: 80,9022014–15: 86,7862015–16: 87,6182016–17: 99,4512017–18: 110,483
Policy and programs2013–14: (61,896)2014–15: (61,760)2015–16: (61,3832016–17: (65,922)2017–18: (74,605)
Fundraising2013–14: (13,032)2014–15: (16,585)2015–16: (17,770)2016–17: (23,377) 2017–18: (28,529
Promotion and profiling2013–14: (2,131)2014–15: (1,806)2015–16: (2,309)2016–17: (2,305)2017–18: (3,277)
Administration2013–14: (1,681)2014–15: (1,725)2015–16: (1,870)2016–17: (1,865)2017–18: (2,440)
Total Expenditure2013–14: (78,740)2014–15: (81,876)2015–16: (83,332)2016–17: (93,469)2017–18: (108,851)
Surplus/(Deficit)2013–14: 2,1622014–15: 4,9102015–16: 4,2862016–17: 5,9822017–18: 1,632
Other results and indices
Recycling Operation and other commercial activities
Sales and other revenue2013–14: 19,0912014–15: 17,3572015–16: 17,9112016–17: 17,3542017–18: 17,965
Expenditure2013–14: (15,796)2014–15: (14,932)2015–16: (16,508)2016–17: (15,482)2017–18: (17,523)
Commercial activities net contribution2013–14: 3,2952014–15: 2,4252015–16: 1,4032016–17: 1,8722017–18: 442
VIEW Clubs of Australia
Revenue2013–14: 5,2482014–15: 5,5832015–16: 4,9282016–17: 5,135
Expenditure2013–14: (4,149)2014–15: (4,555)2015–16: (3,730)2016–17: (4,012)2017–18: (3,878)
VIEW Clubs of Australia net contribution2013–14: 1,0992014–15: 1,0282015–16: 1,1982016–17: 1,1232017–18: 1,640


The Smith Family receives substantial contributions by way of pro bono support from corporate partners and volunteers, the value of which is not reflected in the financial statements. Volunteering contributions are valued based on the level of skill required by various volunteering positions.

Volunteer hours2013–14: 463,8532014–15: 516,750 2015–16: 398,9782016–17: 464,6142017–18: 410,742
Value of volunteering contribution2013–14: $13.4m2014–15: $14.8m2015–16: $11.9m2016–17: $13.9m2017–18: $12.1m

Annual Report 2017–18

Reaching more young Australians in need

Innovating to Create Lasting Change

The Smith Family provides long-term educational support for disadvantaged Australian children and young people. Our support starts in a child’s early years, working with their family and community to prepare them for school.

When a child is at school, we make sure they have the resources and support they need to attend regularly, engage in learning and be motivated to stay at school until they complete Year 12. At the same time, we support parents by giving them the skills and confidence to encourage learning at home and to engage positively in their child’s education.

Because we measure and track the outcomes of our work, we know our long-term, targeted approach is helping disadvantaged students to build better futures for themselves.

By improving their educational outcomes, our work is having a lasting impact on young Australians in need.

Together with our supporters, we have helped more disadvantaged children to break the cycle of disadvantage.

Our Annual Report provides a comprehensive summary of our progress during 2017–2018 towards achieving our ambition to ensure the effectiveness of our programs, and significantly increase our reach to improve educational outcomes for more children in need.

Download the PDFs of our Annual Report 2017–18, Financial Report 2017–18 and Snapshot 2017–18 below.


Previous Annual Reports & Financial Reports

Downloadable PDFs

Annual Report 2017–18 (Pdf, 5,307 KB)
Financial Report 2017–18 (Pdf, 300 KB)

Annual Report 2016–17 (Pdf, 6.764 KB)
Financial Report 2016–17 (Pdf, 526 KB)

Annual Report 2015–16 (Pdf, 3,648 KB)
Financial Report 2015–16 (Pdf, 545 KB)

Annual Report 2014–15 (Pdf, 5,098 KB)
Financial Report 2014–15 (Pdf, 253 KB)

Annual Report 2013–14 (Pdf, 4,478 KB)
Financial Report 2013–14 (Pdf, 253 KB)

The Smith Family Stories - Bringing It All Together

How are we governed?

The Smith Family constitution

How are we governed?

The Smith Family is a registered charity. We are governed by a Constitution and embed governance structure that enables us to achieve our mission in a way that is consistent with our vision, values and strategy, creating opportunities for young Australians in need by providing long-term support for their participation in education.

The Smith Family's charitable status

The Smith Family’s status as a Public Benevolent Institution (PBI) was confirmed in July 2005 by the Australian Taxation Office as part of its registration requirements for all non-profit entities, as was the organisation’s status as an Income Tax Exempt Charity and a Deductible Gift Recipient. The organisation enjoys certain other tax concessions and exemptions consistent with its status as a PBA which relate to Goods & Services and Fringe Benefit Taxes.

The Smith Family is registered as required by law in each State and Territory where it raises funds as follows:

Australian Capital Territory

Registration number L19000133 – renewable in 2020

New South Wales

Registration number CFN 11049 – renewable in 2019


Registration number CP 4163 – registration is ongoing subject to meeting certain annual financial reporting requirements

South Australia

Registration number 778 – ongoing subject to continued registration with the ACNC


Registration number 170 – registration is ongoing


Registration number 10290 – renewable in 2021

Western Australia

Registration number 20352 – renewable annually

Smith Family is a company limited by guarantee (ABN 28 000 030 179). The Smith Family’s auditor is Ernst & Young. Legal services are provided by King & Wood Mallesons and banking by Westpac Banking Corporation.

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