Our finances

Together we're making a difference

In the last year our work reached more than 151,497 disadvantaged children and their families in 94 communities across Australia, thanks to the support of caring Australians.

Over the five years to June 2017, we spent an average of $4 in every $5 raised from individual supporters, corporate partners, universities, trusts and foundations, and bequests, as well as from VIEW Clubs of Australia and governments, on our Community Programs. The surplus from our Recycling Operation and other commercial activities ($1.9 million in 2016–17) helps offset our infrastructure costs, ensuring that funds raised can be spent as much as possible on programs supporting children and young people in need.

For every $1 donated, 80 cents helps disadvantaged kids through our programs

Financial snapshot for the year 2016-2017

The Smith Family watermark

Financial snapshot for the year 2016-2017

The figures below are in $'000s and relate to the year ended 30 June 2017:

Sources of income

Source

$’000s

Fundraising and bequests

64,500 

Government funding

26,500

VIEW Club contributions

1,100 

Recycling Operations and other commercial activities surplus

1,900

Children's Future Education Fund
3,100

Investment and other income

2,400

Total Income

99,500

 

How revenue is allocated

Area of allocation

$’000s

Community programs

(65,900)

Fundraising

(23,400)

Promotion and Profiling

(2,300)

Administration

(1,900)

Total Expenditure

(93,500)

 

Surplus/(Deficit)

Surplus for the year ended 30 June 2017 ($'000s) 6,000  

2016-2017 Annual Report – Making a Lasting Impact

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 2016-2017 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 PDF versions of our 2016-2017 Annual Report, Financial Report and Snapshot brochure using the buttons below.

Annual Report 2016-17 cover

Invest in a child’s future to make a difference that will stand the test of time.

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

Queensland

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

South Australia

Registration number 778 – renewable annually in January

Tasmania

Registration number 170 – registration is ongoing

Victoria

Registration number 10290 – renewable in 2018

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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