Learning | Growing | Thriving

Finance and governance

YFS continues to be in a very strong financial position with our Asset to Liability Ratio at 6.3 times and a Current Ratio of 3.47 times, a significant increase from last financial year.

Read our 2018-19 financial statements
YFS’ new Queensland Government-funded programs Assessment and Service Connect and Functional Family Therapy – Child Welfare, which started at the end of 2017-18, operated for the whole of 2018-19, contributing a total of $1,678,578 to our income.

This is important to the organisation’s sustainability given YFS is no longer providing disability services for people eligible for the National Disability Insurance Scheme, resulting in the loss of three funded programs – Community Connections, Social Links and Personal Helpers and Mentors (PHaMs).

YFS continues to be in a very strong financial position with our Asset to Liability Ratio at 6.3 times and a Current Ratio of 3.47 times, a significant increase from last financial year.

Our capital expenditure in 2018-19 went towards refurbishment of our main office at 376 Kingston Road, Slacks Creek to provide better facilities for clients. We also purchased two new vehicles to replace old ones and invested in new ICT infrastructure to position us well to continue to provide innovative, high quality services.

Income comparison

Income 2018-19

Queensland Government
61.9%
Australian Government
24%
Interest received
Interest recieved 1.1%
Rents from housing
1.1%
Fee for service
3.6%
Other
6.9%
Work for the dole contracts
1.5%

Income 2017-18

Queensland Government
56.1%
Australian Government
28.6%
Interest received
Interest recieved 0.9%
Rents from housing
2.2%
Fee for service
1.2%
Other
9.7%
Work for the dole contracts
1.4%

Income 2016-17

Queensland Government
56.2%
Australian Government
26.4%
Interest received
Interest recieved 0.9%
Rents from housing
2.9%
Fee for service
1.4%
Other
10.8%
Work for the dole contracts
1.4%

Expenditure comparison

Expenditure breakdown 2018-19

Client contact
79.6%
Client housing and property
1.3%
Corporate and related admin expenses
Interest recieved 11%
Overheads (depreciation and property)
8.2%

Expenditure breakdown 2017-18

Client contact
79.2%
Client housing and property
5.9%
Corporate and related admin expenses
Interest recieved 8.5%
Overheads (depreciation and property)
6.4%

Expenditure breakdown 2016-17

Client contact
77.3%
Client housing and property
7.9%
Corporate and related admin expenses
Interest recieved 8.4%
Overheads (depreciation and property)
6.4%

Governance

In 2018-19, the YFS Board maintained its diversity of skills, backgrounds and cultures under the leadership of Chair Jennifer Le Savéant. The Board underwent a self-evaluation process aligned with The Australian Centre for Philanthropy and Nonprofit Studies at QUT, scoring above average for overall Board performance.

The Board’s Risk and Audit Committee were proactive in addressing risk around ICT, financial sustainability, and workplace health and safety.

The Board developed a new strategic plan in conjunction with senior managers, outlining YFS’ directions for the next three years. In line with the plan, the Board established a discretionary investment fund to enable innovation and development. In 2019-20, the Board will invest in a demonstration project with homeless families, the Thriving Families Project, to pilot and evaluate an integrated model to improve long-term outcomes for vulnerable families of young children.

Thanks to our supporters, sponsors and funding bodies.

Funding partners 2018-19

  • Australian Government Department of Social Services
  • Australian Government Department of Employment, Skills, Small and Family Business
  • Queensland Department of Child Safety, Youth and Women
  • Queensland Department of Communities, Disability and Seniors
  • Queensland Department of Housing and Public Works
  • Queensland Department of Employment, Small Business and Training
  • Queensland Department of State Development, Manufacturing, Infrastructure & Planning
  • Queensland Department of Justice and Attorney-General and the Commonwealth Community Legal Centres Program
  • Logan City Council
  • AGL
  • Mater Health Services
  • Alcohol and Drug Foundation
  • Griffith University  (ANROWS research)

Supporters and donors

  • Catholic Religious Australia Queensland – Presentation Sisters
  • Ursuline Sisters
  • Cameron Dick MP
  • Tenants Queensland
  • Officeworks Loganholme
  • MinterEllison (Gold Coast)
  • The Helpful Foundation
  • Harris Law
  • Maurice Blackburn
  • Individual donors to our domestic violence and Christmas appeals and to Substation33