2015 FINANCIAL REPORT
Christian Outreach Centre Trading as International Network of Churches BORN FOR MORE.
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
CONTENTS Chairman’s Report ............................................................... 4 National Executive................................................................ 5 Core Values ........................................................................... 6 Governance............................................................................ 8 Operation Board Report....................................................... 9 Financial Report .................................................................11 Global Care..........................................................................32 Missions...............................................................................33 Ministries.............................................................................34
BORN FOR MORE. Photography Madi Kliendienst, MK Collective
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CHAIRMAN’S REPORT
My favourite book of the bible is Nehemiah. Not only was he a phenomenal leader but he also had a heart for people. He could build structures and he could build people. He refused to settle for broken down walls and was committed to rebuilding broken down people. Nehemiah came under great opposition, personal attack, his integrity was questioned, his life was threatened and yet he refused to leave what God had called him to. Nehemiah 6:3 “I’m doing a great work; I can’t come down. Why should the work come to a standstill just so I can come down to see you?”
Pastor Ross Abraham, Chairman
Let me start with a huge thank you to all of the Pastors of INC who make this movement what it is today. Also thank you to the many support staff in each of our churches and our other charitable and educational ministries that are fundamental to our movement. I am always moved by the commitment to God’s Kingdom that you have shown. To the National Executive, State Chairman, the Operations Board, INC Invest team and INC staff -thank you for your continual hard work and support. Your faith and belief in this movement is evident. To the pastors who in 2015-2016 after many years of service have transitioned their churches, thank you for the platform that you have laid and I pray that the next generation can fulfil all the dreams that you have for the church you gave yourself to.
As pastors and leaders of INC, God has never changed his mind on the mandate given to us. Plant churches, grow healthy churches and influence people toward a relationship with Jesus through many avenues. Sometimes though we can get used to living with broken down walls. We accept the status quo as our lot in life. Wouldn’t it be amazing to be a part of a renewal? To see God breathe life into broken people, broken dreams and a broken nation. We are in the business of renewal. Renewal means: To take up again, to restore the vigour of, to become new again. INC is financially strong and positioned for growth and opportunity. Nehemiah 4:1718 teaches us that we need to be agile and adaptable with one hand at construction and the other with a weapon. As we increase our commitment to collaborating across our organisation to design and construct our future, we also need to be agile to answer the call of God and to meet the needs of our cities and towns, our nation and the world. It’s my prayer for INC that we would approach this next season with renewed vigour and if we have settled to live with broken down walls, barren alters, parched hearts, that God’s Spirit would renew us. This great work requires great courage. Believe with me that each one of us is Born For More. Pastor Ross Abraham, Chairman
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
Geoff Woodward Deputy Chairman
Suellen Holmes Secretary
Lead Pastor, Elevation Church, QLD, NSW, VIC
Senior Pastor, Metrochurch, WA
Chief Financial Officer, INC Office
Craig Anderson National Executive
Phil Campbell National Excecutive
Chas Gullo National Executive
Senior Pastor, Plenty Valley Church, Vic Vic /Tas State Chairman
Senior Pastor, Harbour Church, NSW NSW / ACT State Chairman
Itinerant Minister, Qld
Gary Hourigan National Executive
Peter Pilt National Executive
Mark Ramsey National Executive
Qld/NT State Chairman
National Director, Global Care
Senior Pastor, Citipointe Church, Qld, NZ, USA
NATIONAL EXECUTIVE MEMBERS
Ross Abraham Chairman
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Photography Madi Kliendienst, MK Collective
The National Executive are committed to the outworking of the following vision, mission and values for INC. OUR SHARED VISION • Oceania for Christ OUR SHARED MISSION • To make disciples, empower leaders and to multiply healthy churches across Oceania OUR SHARED VALUES • Faith with Stewardship • Growing Relationships with Results • Winning Souls and Influencing Communities • Learning with Equipping
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
FAITH WITH STEWARDSHIP
LEARNING WITH EQUIPPING
We Value INC’s foundations in the supernatural power of God and are committed to being diligent stewards of these gifts to see the kingdom of God established.
We are committed to the value of personal growth and will therefore strive to provide pathways and resources for all INC members to be equipped for multiplication.
INC SHARED VALUES WINNING SOULS & INFLUENCING COMMUNITIES
GROWING RELATIONSHIPS WITH RESULTS
We Value the gospel and its power and remain committed to seeing our movement effective in bringing people to a saving relationship with Jesus Christ and influencing our communities through transformation.
We Value our “one vision through many churches” ethic, and are therefore committed to God and one another through growing relationships where all are accepted, yet challenged to pursue our personal and corporate destinies.
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GOVERNANCE Christian Outreach Centre trading as International Network of Churches (“INC”) is a denomination in Australia registered with the Australian Charities and Not For Profit Commission (ACNC). As a Letters Patent body, we are governed by our Constitution that establishes the election of the National Executive who govern the entity in its entire operations. The National Executive meet 4-5 times per year for 2-3 days to discuss the strategic matters and other governing matters such as financial, risk and ministries. Each member of the National Executive brings experience across ministry, theology, leadership, business, finance, education and strategy with over 50% of National Executive members having (or in progress towards) post graduate qualifications across these fields. Their collective ministry experience exceeds 250 years. The National Executive discharge their duties to oversight INC through their Constitutional powers to appoint members to the Operations Board. The primary role of the Operations Board is to oversee the assets and finances of the Movement. The Operations Board generally meets every two months. Meetings work through a full day’s agenda, which includes assessing finance applications, and subsequent reports are tabled directly to the National Executive. List of Members
The National Executive was pleased to appoint Ps Josh Usher to the Operations Board in 2015 and Ps Mike Mulheran to the position of Chair. In addition, the Operations Board welcomed new member Gideon Bosman this year. Gideon is a finance professional, presently working as CFO for a large private firm, who also attends Citipointe Redcliffe. The membership mix of the board is currently well weighted with professional expertise in the areas of legal, banking and finance, accounting, property development, education, administration, management and local church leadership. Supporting the treasury operations of the Movement and reporting to the Operations Board, the INC Invest Advisory Board meets four times a year to review the operations of INC Invest, its regulatory requirements and financial performance. Serving on the Advisory Board include independent members Craig Stanton, Leon Stephan and Neil King. Our external members are senior banking and financial professionals with corporate experience both in Australia and overseas. Our group consolidated financial statements include all entities within the group that are considered to be controlled by Christian Outreach Centre trading as INC for the purposes of the accounting standards. Therefore this includes Global Care, P-12 Colleges, Christian Heritage College and Red Frogs Australia to name a few. It is a privilege to see the collective strength of the group.
Michael Mulheran (Chairman) Peter Geizer (Secretary) Gideon Bosman Matthew Flegler Ashley Gullo Gary Hourigan Daniel Joy Joshua Usher
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
OPERATIONS BOARD REPORT MAJOR PROJECTS FUNDED FOR: Building and property renovations work for church locations including Seacoast Church, Ballina; Westgate Church, Redbank; Now Church, Traralgon; Riverside Church, Dubbo; Citipointe, Redcliffe; CityNet Church, Beenleigh; Citipointe, Ipswich; Nowra City Church and Shellharbour Community Church. Major capital works were also undertaken at the Christian Outreach Campus, Toowoomba - construction of new general learning areas for the College and major external renovations to the church auditorium. More recently, the Victory College Gympie Equestrian Centre was officially opened in October last year with an impressive demonstration of equestrian skills by college students.
PROPERTY HIGHLIGHTS In early October last year, the City Impact Church, Mackay congregation celebrated the official opening of their new church facility. This property was purchased for $1M and required fit-out work valued at $300k plus to complete, not including the contribution of tireless volunteers. Now completely transformed from an industrial building, the facility is located within walking distance of the CBD.
80 PROPERTIES OWNED THROUGHOUT AUSTRALIA During the dedication service, the Mackay congregation, under the leadership of Pastors Ken & Francis Wigglesworth, were praised by local and state dignitaries for their charity work within the local community and for their long-term overseas aid work in Africa and the South Pacific. New church facilities were also acquired in July last year by the Roma Heart Church, lead by Pastors Mark & Heidi Westbrook. This property was purchased and completely renovated at a cost of $300k plus, with the fit-out work mostly completed by trade volunteers and helpers. The congregation was able to complete the purchase and fit-out
work by raising significant funds in addition to loan finance from INC Invest, which has since been largely paid down. Since construction of their Equestrian Centre last year, the Gympie Victory College continues to expand with finance recently approved by the Operations Board for a new hospitality facility, in addition to new general learning areas. The College has experienced record enrolment growth in the last few years. Under the leadership of Pastors George & Margie Miller, the Gympie campus, with new infrastructure and ongoing development, has become a major asset for the broader Gympie community and regional area.
3,300+ STUDENTS IN P-12 SCHOOLS The Ipswich church complex has undergone a significant renovation with the handover from retiring Pastors Norm and Pam Close to Citipointe as a further satellite campus. The Ipswich location has an estimated value of $1.5M plus and is well positioned to take advantage of future residential growth in the Ipswich area. We were also pleased to celebrate with Pastors Mark & Grace Ironside and the Harvest Church, Beaudesert congregation earlier this year on their extension of facilities, which increased their auditorium seating capacity to over 400. This major capital works project was undertaken by Harney Constructions and with the assistance of trade volunteers and workers. The opening of the remodeled complex was celebrated with a well-attended barn dance event that followed the dedication service. The projected was completed with financial support from INC Invest.
100+ NEW FINANCE APPLICATIONS ASSESSED IN LAST 18 MTHS GROWTH The Operations Board also approved stand-by funding arrangements for Christian Heritage College. Our tertiary institution has recently established the Millis Institute, which obtained accreditation for a new liberal arts program that commenced in 2016. This course, delivered at bachelor degree level, provides students the opportunity to undertake some course work at Oxford University, UK. The School of Business BORN FOR MORE.
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TREASURY $52M MULTI-OPTION AGREEMENT WITH WESTAPC BANKING CORP 100% OF ALL INC INVEST LOANS WITHIN REPAYMENT ARRANGEMENTS 31/12/15 The INC Movement has maintained banking arrangements with principal bank Westpac. The relationship with Westpac remains strong while INC Invest is increasingly funding the INC loan book from internal sources. Currently INC has a $52M multi-option agreement with Westpac, which is treated as an evergreen arrangement. Over the course of 2015 the average utilization of these Westpac limits was around 40%, although we are pleased to report that in January this year sufficient investment funds were held by INC Invest to fully fund the loan needs of the Movement at that time. With the strong financial performance of the Movement in 2015, INC continues to operate well within Westpac covenant agreements. The INC annual loan portfolio report tabled to Westpac at the end of last year confirmed all INC Invest loans are within repayment arrangements.
FINANCIAL PERFORMANCE The INC Invest Advisory Board, which reports to the Operations Board, was pleased to report an annual surplus of the treasury operations of $768k. These funds were used to assist the payback of INC Office related loans on behalf of the Movement and to assist the working capital needs of the national budget. Relocating the treasury operations from Coorparoo to Springwood three years ago has enabled us 10
to maximize income from available office floor space through the operation of the Highpoint Business Centre. Distributions from the Highpoint Business Centre 2015 operational earnings of $99k have been invested back into the loan reductions and operations. Looking ahead, major projects initiated by the Operations Board over the last 12 months has included the external review of INC’s people management needs and performance. With the support of the National Executive, the Operations Board has established a HR sub-committee and project teams, which will be working diligently and in collaboration with pastors and members throughout the Movement over the next few years, to help transform our people support and service systems towards best practice for the future health of the Movement. Total Turnover $110 $105
$ millions
also obtained accreditation for a Master of Business Administration, which will have a focus on corporate social responsibility and social enterprise. The seed capital required to establish the Millis Institute was funded out of cash reserves, with the College Executive committed to the long-term development of this program.
$100 $95 $90 $85
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In summary, the INC Movement’s financial position and performance has never been stronger. With the 2015 total income well over $100M and growing, total reported assets of $220M and EBITDA earnings of $10.3M, the Movement is well positioned for new levels of growth and effectiveness. The Operations Board appreciates the efforts of INC Office staff, particularly in the annual financial consolidation work, that has enabled the signing off of the BDO audited results in a timely manner. It is the view of the Operations Board that the levels of transparency, timeliness and accuracy of reporting from financial to risk management matters, between the various governing bodies of the Group and the INC Office, continues to provide great confidence in the direction and decisionmaking of the Movement’s leadership.
FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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Christian Outreach Centre NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 31 December 2015 (continued)
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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INDEPENDENT AUDITOR’S REPORT
Fax: +61 7 3221 9227 www.bdo.com.au
Brisbane QLD 4000 GPO Box 457 Brisbane QLD 4001 Australia
Tel: +61 7 3237 5999 Fax: +61 7 3221 9227 www.bdo.com.au
Level 10, 12 Creek St Brisbane QLD 4000 GPO Box 457 Brisbane QLD 4001 Australia
To the members of Christian Outreach Centre trading as International Network of Churches
INDEPENDENT AUDITOR’S REPORT
Report on the Financial Report To the members of Christian Outreach Centre trading as International Network of Churches We have audited the accompanying financial report, being a special purpose financial report of Christian Outreach Centre trading as International Network of Churches, which comprises the consolidated financial position as at 31 December 2015, the consolidated income Report on thestatement FinancialofReport statement, consolidated statement of comprehensive income, consolidated statement of changes in We have audited the accompanying financial report, being a special purpose financial report of funds and consolidated statement of cash flows for the year then ended, notes comprising a summary Christian Outreach Centre trading as International Network of Churches, which comprises the of significant accounting policies and other explanatory information, and the responsible entities’ consolidated declaration. statement of financial position as at 31 December 2015, the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in Responsible Entities’ Responsibility for the Financial funds and consolidated statement of cash flows for the Report year then ended, notes comprising a summary of significant accounting policies and other explanatory information, andpreparation the responsible The responsible entities of the registered entity are responsible for the of theentities’ financial declaration. report that gives a true and fair view and have determined that the basis of preparation described in Note 2 to theEntities’ financialResponsibility report is appropriate meet the requirements of the Religious Education and Responsible for the to Financial Report Charitable Institutions Act 1861-1967, the Australian Charities and Not-for-profits Commission Act The responsible the registered entity are the preparation of the financial 2012 (ACNC Act)entities and theof needs of the members. Theresponsible responsiblefor entities’ responsibility also includes report that gives a true and fair view and have determined that the basis of preparation described in such internal control as the responsible entities determine is necessary to enable the preparation of a Note 2 to the financial report is appropriate to meet the requirements of the Religious Education and financial report that gives a true and fair view and is free from material misstatement, whether due to Charitable Institutions Act 1861-1967, the Australian Charities and Not-for-profits Commission Act fraud or error. 2012 (ACNC Act) and the needs of the members. The responsible entities’ responsibility also includes Auditor’s Responsibility such internal control as the responsible entities determine is necessary to enable the preparation of a financial report that gives a true fair view and is free from material misstatement, Our responsibility is to express anand opinion on the financial report based on our audit. Wewhether have due to fraud or error. conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the Auditor’s Responsibility audit to obtain reasonable assurance whether the financial report is free from material misstatement. Our responsibility is to express an opinion on the financial report based on our audit. We have An audit involves performing procedures to obtain audit evidence aboutThose the amounts and disclosures in conducted our audit in accordance with Australian Auditing Standards. standards require that we the financial report. The procedures selected depend theengagements auditor’s judgement, the the comply with relevant ethical requirements relating to on audit and plan including and perform assessment of the risks of material misstatement of the financial report, whether due to fraud or error. audit to obtain reasonable assurance whether the financial report is free from material misstatement. In making those risk assessments, the auditor considers internal control relevant to the responsible An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in entities’ preparation of the financial report that gives a true and fair view in order to design audit the financial report. The procedures selected depend on the auditor’s judgement, including the procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion assessment of the risks misstatement of thecontrol. financialAnreport, whether due evaluating to fraud orthe error. on the effectiveness of of thematerial registered entity’s internal audit also includes In making those risk assessments, the auditor considers internal control relevant to the responsible appropriateness of accounting policies used and the reasonableness of accounting estimates made by entities’ preparation of the financial report that gives a true and fair view in order to design audit the responsible entities, as well as evaluating the overall presentation of the financial report. procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion We believe that the audit weentity’s have obtained sufficient appropriate to provide a basis on the effectiveness of theevidence registered internaliscontrol. An and audit also includes evaluating the for our audit opinion. appropriateness of accounting policies used and the reasonableness of accounting estimates made by the responsible entities, as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation, other than for the acts or omissions of financial services licensees.
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BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches. Standards Legislation, other than for the acts or omissions of financial services licensees.
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Basis for Qualified Audit Opinion Donations, Tithes and Offerings Revenue Donations, Tithes and Offerings Revenue are a significant source of fundraising revenue for Christian Basis for Qualified Audit Opinion Outreach Centre trading as International Network of Churches. Christian Outreach Centre trading as Donations, Tithes and Offerings Revenue International Network of Churches has determined that it is impracticable to establish control over the collection Donations, Tithes and Offerings for all Centres prior to entry into its Donations,ofTithes and Offerings Revenue are Revenue a significant source of fundraising revenue forfinancial Christian records. as the evidence available to of us Churches. regarding Christian fundraising revenueCentre from this source OutreachAccordingly, Centre trading as International Network Outreach trading as was limited, our audit procedures respect to Donations, Tithes and Offerings Revenue hadover to bethe International Network of Churcheswith has determined that it is impracticable to establish control restricted amountsTithes recorded the financial records amounting to $27.9 million $27.2 collection to of the Donations, and in Offerings Revenue for all Centres prior to entry into(2014: its financial million). records. Accordingly, as the evidence available to us regarding fundraising revenue from this source was limited, our audit procedures with respect to Donations, Tithes and Offerings Revenue had to be We therefore are unable to express an opinion whether donations revenue for Christian Outreach restricted to the amounts recorded in the financial records amounting to $27.9 million (2014: $27.2 Centre trading as International Network of Churches as recorded, is complete. million). Opinion We therefore are unable to express an opinion whether donations revenue for Christian Outreach In our opinion, for the effects of the matters referred to in isthe Basis for Qualified Opinion Centre trading except as International Network of Churches as recorded, complete. paragraph, the financial report of Christian Outreach Centre trading as International Network of Opinion Churches has been prepared in accordance with the Religious Education and Charitable Institutions Act 1861-1967 and Division 60 of Australian and Not-for-Profits Commission Act 2012, In our opinion, except for thethe effects of theCharities matters referred to in the Basis for Qualified Opinion including: paragraph, the financial report of Christian Outreach Centre trading as International Network of Churches has been prepared in accordance with the Religious Education and Charitable Institutions Act (a) giving a true and fair view of the registered entity’s financial position as at 31 December 2015 and 1861-1967 and Division 60 of the Australian Charities and Not-for-Profits Commission Act 2012, of its performance for the year ended on that date; and including: (b) complying with Australian Accounting Standards to the extent described in Note 2 and the Division (a) giving a true and fair view of the registered entity’s financial position as at 31 December 2015 and 60 the Australian Charities and Not-for-profits Commission Regulation 2013. of its performance for the year ended on that date; and Basis of accounting (b) complying with Australian Accounting Standards to the extent described in Note 2 and the Division Without modifying our opinion, draw attention to Commission Note 2 to the financial report, 60 the Australian Charitieswe and Not-for-profits Regulation 2013. which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the Basis of accounting responsible entities’ financial reporting responsibilities under the ACNC Act. As a result, the financial report may not be suitable for another purpose. Without modifying our opinion, we draw attention to Note 2 to the financial report, which describes the basis of accounting. The financial report has been prepared for the purpose of fulfilling the responsible entities’ financial reporting responsibilities under the ACNC Act. As a result, the financial BDO Audit report mayPty notLtd be suitable for another purpose.
BDO Audit Pty Ltd C J Skelton Director C J Skelton Brisbane, 28 June 2016 Director Brisbane, 28 June 2016
BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation, other than for the acts or omissions of financial services licensees. BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation, other than for the acts or omissions of financial services licensees.
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GLOBAL CARE • 76 Local Global Care Operations throughout Australia • 5 year comprehensive Strategic Plan constructed and commissioned by the National Executive • $60,000 commercial value of building materials donated to Fiji after Cyclone Winston. Collection centres for materials spread throughout INC on the East Coast. Over 60 churches and individuals were directly involved in giving and building in Fiji • Chaplains provided to communities after Adelaide Fires November 2015 • Suncoast Care: 7000 families registered, 3000 families visit food outlet per month, 120 tonnes of product distributed per month • New Low Cost Grocery Outlet open in Bundaberg May 2016 • Grant for trailer and tools – Safe Harbour Community Church (Russell Island) to assist widows, single mothers, those in need with practical home repairs • Renovation of two x two bedroom duplexes on Gold Coast to partner with Salvation Army for support accommodation for young mothers in housing crisis. 248 volunteers involved. • 450% growth in Network Communications Charity Mobile Plan payments to GC in last 18 months
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
MISSIONS INC continues to work with INC churches in particular throughout the South Pacific and South America. The focus is to continually empower and work with the appointed leaders in each nation through summits, training, conferences, mentoring, leadership and support from our Australian INC Office. South Pacific work includes Tonga, Vanuatu, Papua New Guinea, Solomon Islands, Fiji and New Zealand. South America INC locations are in Brazil, Chile and Argentina. INC is proud to continually partner with these nations. In addition, INC Churches throughout Australia are significant supporters of church and charitable works in nations all around the world including church planting and aid work in Asia, Africa, the Middle East, Europe and the Americas.
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MINISTRIES This Annual Report includes the operations of the following major ministries - with many other ministries also being conducted within the INC group both nationally and internationally. Collectively, we are stronger- in purpose and delivery.
You are the body of Christ and parts of each other. In the church, God has appointed first apostles, second prophets, third teachers, then miracles, then gifts of healing, the ability to help others, leadership skills, different kinds of tongues. 1 Corinthians 12:27-28
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FINANCIAL REPORT 31 DECEMBER 2015. Christian Outreach Centre trading as International Network of Churches.
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International Network of Churches Tel: + 61 7 5506 5100 Fax: + 61 7 5506 5154 Business Office PO Box 6917 Tweed Heads South NSW 2486 Australia Registered Office 3374 Pacific Highway Springwood QLD 4127 Australia Web: inc.org.au
