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.
Expenditure breakdown 2018-19
Expenditure breakdown 2017-18
Expenditure breakdown 2016-17
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
- 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