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2 CHRISTIANS AGAINST POVERTY AUSTRALIA | ANNUAL REPORT 2014
About this report
Charitable Status
Tax concessions and Fundraising
This annual report shows our activities and performance for the period 1 January 2014 to 31 December
2014. It has been prepared to comply with legal obligations and to support the ACNC objective to build
greater accountability and trust in the Australian not-for-profit sector.
Providing information and transparency through this report is one of the ways we seek to build trust with
our partners and supporters. We recognise the importance of the strength of these relationships for the
charity’s long-term growth and sustainability, ultimately resulting in more beneficiaries been reached.
Public Benevolent Institution (PBI) and endorsed by the Australian Taxation Office as a Deductible Gift
Recipient (DGR)
Fundraises throughout Australia and registered under fundraising legislation as required:
• NSW: Registration no. CFN20220
• ACT: Registration no. 19000312
• QLD: Registration no. 7882706442
• VIC: Registration no. 12195
• TAS: Registration no. 19000312
• SA: Licence no. CCP1406
• WA: Licence no. 21669
Christians Against Poverty, AustraliaABN 92 104 471 516 Level 1, 451 Hunter Street, Newcastle, New South Wales
Registered charity with the Australian Charities and Not-for-profit Commission (ACNC)
3CHRISTIANS AGAINST POVERTY AUSTRALIA | ANNUAL REPORT 2014
Contents
4 | Who we are6 | Message from the Board7 | Message from the Chief Executive8 | The need9 | The approach of CAP10 | Our programs16 | Our people18 | Our supporters22 | The people we serve24 | Strategy and performance34 | Governance and management38 | Financial performance42 | Auditor’s report63 | Glossary of terms
4 CHRISTIANS AGAINST POVERTY AUSTRALIA | WHO WE ARE | ANNUAL REPORT 2014
C hristians Against Poverty (CAP) in Australia is part of an international CAP Partnership operating
in four countries around the world. [Further information regarding CAP International page 12.] CAP
began in Bradford, UK in 1996. John Kirkby, the organisation’s founder, was challenged to give up his ca-
reer in finance to assist people who were struggling with overwhelming debt. Using his industry expertise,
John established a free system for people to access. This system enabled staff to negotiate with creditors
on a client’s behalf, set up budgeting systems and ultimately provide a lifeline to those trapped in debt.
John saw that people across the country were struggling in similar ways; parents who couldn’t feed their
children, families facing eviction, and desperate people living in fear and without hope.
CAP identified five pathways to poverty which are: serious personal debt, unemployment & dependency, addiction, family breakdown and education failure.
Through partnership with local churches and a growing team of trained debt counsellors, John set out to
replicate his work allowing more people to access the service. By 1998, four more CAP Debt Centres had
opened. As the network continued to grow, the introduction of the CAP Money Course meant that free
training could be given to people to prevent unmanageable debt.
During a trip to Australia, John visited a local church and CAP Australia commenced in Newcastle, NSW
in 2000.
Who we are
5CHRISTIANS AGAINST POVERTY AUSTRALIA | WHO WE ARE | ANNUAL REPORT 2014
Mission
Vision
W e are passionate about releasing people in our nation from a life sentence of debt, poverty and its
causes. Working with the church we bring good news, hope and freedom. We are Christians
Against Poverty.
O ur vision is to bring good news, hope and freedom to people in every Australian community. We will
do this by tackling debt, poverty and its causes through a network of local churches running 1,000
CAP projects in Australia by 2021, the 25th anniversary of CAP International.
“I am overwhelmed by what God has done. To see thousands of lives changed every year is truly wonderful. I do believe that God has given us a 21st century answer to one of the most pressing needs in society today.”
John Kirkby - Founder and CAP International Director
6 CHRISTIANS AGAINST POVERTY AUSTRALIA | MESSAGE FROM THE BOARD | ANNUAL REPORT 2014
T he Board of Directors would like to thank
everyone that has been involved with the
work of Christians Against Poverty in the past
year; every individual, supporter and church that
has contributed their time, prayers and finances
have helped see this life transforming ministry
grow. Because of those that support our vision,
we have seen thousands of clients and delegates
helped through our Debt Management support
and CAP Money Courses. Our CAP Debt Centre
network has grown to 43 centres throughout
every state, and we now serve 119 communities
through the CAP Money Course partnerships—all
from local churches.
This encouraging growth is a result of the
effective strategy we employed over the past 12
months (see page 27). It is this simple mandate
to equip churches with the resources and skills
needed to reach out to their local communities
that will carry CAP confidently into 2015 and see
us continue to empower more people with hope
and a practical financial solution. With the
support of those behind our vision, we will
continue to provide life transforming help in new
areas and see more families set free from debt
and poverty in Australia.
In the next yearLooking forward, Christians Against Poverty
continues to be committed to tackling the five
pathways to poverty in Australia: serious
personal debt, unemployment, addiction,
family breakdown and educational failure. We
will continue to partner with churches
throughout Australia to provide our life
transforming services and help prevent families
falling into debt. More information on our
approach to tackling the rising issue of debt and
poverty in Australia can be found on page 20.
Alongside the current strategy, it is with great
excitement that we look to launch CAP Job
Clubs within the next year. This new service,
which has seen incredible success within CAP
UK, will provide vital support for people looking
for employment. This allows us to tackle another
of the five pathways to poverty and adds
another resource for churches looking to reach
out to their local community.
We continue to focus forward on our vision to
see 1,000 CAP services* (Debt Centres, Money
Courses, Job Clubs and other services) across
Australia by 2021, which will mark the 25th
anniversary of CAP International. Together, we
will continue to work towards this goal.
On behalf of the Board of Directors, I’d like to
express our continued commitment to this
worthy and truly exciting cause.
Message from the Board
Kenneth O’Donnell Chairman of the BoardCAP Australia
“This encouraging growth is a result of the effective strategy we employed over the past 12 months.”
7CHRISTIANS AGAINST POVERTY AUSTRALIA | MESSAGE FROM THE CHIEF EXECUTIVE | ANNUAL REPORT 2014
A s I write this introduction to our annual
report and reflect on the past twelve
months, I am continually overwhelmed by the
generosity and support of faithful Australians
who have given their time, prayers and finances
to support this ministry. As Christians Against
Poverty continues to provide the very best
service to those with the very least, I am hugely
inspired by the results we have seen this year.
This amazing support has enabled us to see
continued growth across the charity, both
in the number of CAP Debt Centres opened
and the number of churches we partner with to
provide the CAP Money Course to communities.
As I meet CAP teams all across Australia, I am
humbled by the stories I hear; reports of families
released from the burden of debt, lives
transformed and individuals finding hope. It is
only through the support of individuals sowing
into this ministry, the incredibly passionate staff
and volunteers and the commitment of churches
partnering with us, that we are able to achieve
these incredible results.
These are just a few of the countless highlights
we have seen over the past year at CAP. We
opened our first CAP Debt Centre in Tasmania.
This centre in Devonport means CAP is now truly
a national ministry, reaching families in every
state and territory of Australia. We now have 43
CAP Debt Centres in operation across the
country.
We celebrated 327 people becoming debt free
last year. This is a phenomenal result, and our
highest ever number.
We have reached a huge milestone with over
500 churches trained to run CAP Money
Courses. This is a significant objective for the
debt prevention arm of the charity, creating
generational change and helping families to
become better stewards of their money.
In response to help received from CAP, 115 clients
made the decision to follow Christ in the past
year. We truly are Christians Against Poverty!
As you read in detail the results of the past year,
it is my hope that you will share our excitement
at what has been achieved through Christians
Against Poverty, the churches we partner with
and the grace of God. I am eternally grateful to
all the staff, volunteers and supporters that help
make this great work possible.
Message from the Chief Executive
Ross Buttenshaw
Chief ExecutiveCAP Australia
“We now have 43 CAP Debt Centres in operation across the country. We celebrated over 300 people becoming debt free last year.”
8 CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR APPROACH | ANNUAL REPORT 2014
The need
A ccording to the Australian Council for Social Service 2014 Report on poverty in Australia, a
growing percentage of Australians are falling into poverty. While unmanageable debt can affect
people across the economic spectrum, the groups most at risk of living in poverty are those that are most
marginalised and least able to fully participate in the community. These include people who are
struggling with unemployment, single parents, women and children, people with disabilities, the old, the
young, Aboriginal and Torres Strait Islanders, and migrants.
Debt and poverty in Australia
Snapshot of poverty
Snapshot of debt
(ABS December 2014)
The ABS reported that at
the end of 2013
household debt in
Australia totalled $1.84
trillion. This averages to
about $79,000 per
person.
Household debt
increased steadily from
1993 until 2007. This has
largely been influenced
by rising property prices
and low interest rates.
The current Australian
unemployment rate is
6.1% and is the biggest
factor threatening to push
household debt to the
point of being
unmanageable.
2.5 million Australians, or
13.9%, are classified as
living below the
poverty line. This number
has increased by 0.9%
since 2010.
The number is even
higher for children with
over 600,000, or 17.7%,
living in poverty.
Over 60% of households
classified as being below
the poverty line are
affected by
unemployment.
9CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR APPROACH | ANNUAL REPORT 2014
The approach of CAP
Partner countriesThe work of CAP operates in four partner countries. The largest
office in Bradford, UK is responsible for developing and rolling out
CAP programs to partner countries.
CAP Money Course CAP Debt Help
Local churchesThese are churches that have volunteers who are trained to deliver
the two CAP programs, the CAP Money Course and CAP Debt
Centres. Staff and volunteers from these churches meet directly
with clients in their homes, and with CAP Money delegates,
providing additional support.
ProgramsCAP Australia currently offers two programs: the CAP Money
Course, which provides simple and practical training for anyone who
wants to manage their money better, and Debt Management which
assists clients struggling with unmanageable debt.
ClientsThese are people struggling with overwhelming debt who need
long-term assistance. A dedicated caseworker can provide a budget
for them and deal with creditors on their behalf, or for those clients
in extreme debt, they are supported through an insolvency process.
SupportersSupporters are those people who give financially to the work of
CAP. CAP finished 2014 with 3,300 regular givers, called Life
Changers.
Referral agenciesThese are agencies that local churches will engage with to promote
the work of CAP so that clients can find out about us. These include
Centrelink, Department of Housing, medical centres, etc.
National Head OfficeThe Australian CAP National Head Office is based in Newcastle
and is responsible for building and supporting the church partners
network in Australia, for managing the debt repayment process and
insolvency process for clients, and for developing fundraising
initiatives and engaging with Australian supporters.
10 CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR APPROACH | ANNUAL REPORT 2014
C AP Debt Centres are the spearhead in our
fight against poverty in Australia.
We finished the year with 43 CAP Debt Centres in operation across Australia, and we are continuing to grow.
A CAP Debt Centre brings essential care to
struggling families. We offer face to face home
visits and ongoing care to our clients.
Our Centre Managers are in constant contact with
our experts at the CAP Head Office - trained debt
specialists who advocate for our clients by
negotiating with creditors, seeing interest
payments stop, and creating budgets and
payment plans to help clients out of debt.
O ur debt prevention arm of Christians
Against Poverty is called CAP Money. This
is a free course that teaches budgeting skills
through a simple, cash-based system.
Typically run over three sessions, the course
teaches delegates how to get to grips with their
finances so they can budget, save and prevent
unmanageable debt.
We currently have 236 active CAP Money Churches running the course and have seen 2,422 Australians go through 475 courses this year.
CAP Money is an effective and practical resource
for churches to empower their communities.
CAP Debt Centres CAP Money Courses
CAP Debt Centre growth CAP Money Courses run
Our programs
50
45
40
35
30
25
20
15
10
5
02011 2012 2013 2014
500
450
400
350
300
250
200
150
100
50
02012 2013 2014
“It took 2 years to become debt free. We feel more hope than we have ever felt in our whole lives.”
Ben and Ali - former CAP clients
12 CHRISTIANS AGAINST POVERTY AUSTRALIA | CAP INTERNATIONAL | ANNUAL REPORT 2014
CAP InternationalOverview
C AP was founded in the UK in 1996, and today CAP Australia forms one of three partner countries
planted out of the founding office. While CAP Australia operates as an independent entity, the
organisation remains closely tied to the UK international office. International teams meet to discuss and
share ideas, vision and strategy.
CAP UK | Launched 1996
CAP New Zealand | Launched 2008 CAP Canada | Launched 2013
239 CAP Debt Centres
4 CAP Debt Centres26 CAP Debt Centres
CAP Australia | Launched 2000
43 CAP Debt Centres
14 CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR APPROACH | ANNUAL REPORT 2014
Elizabeth
Colac
Hoppers Crossing
Noble Park
Seaford
Vermont
WarragulBlackburn North
CAP Australia
2014 was a year of strength, hope and dedication as CAP has moved toward our vision of
seeing debt and poverty released from families across Australia. Part of our vision is
to see CAP represented in every state across our great nation. As of this year we have been able to fully
realise that part of our vision, with the establishment of our first CAP Debt Centre in Tasmania.
This means that Christians Against Poverty has a greater reach for families and people struggling with
debt. With over 5,000 clients reached (since recording began in 2006), we are confident that this growth
through 2014 has made a positive impact on families and communities around Australia and will continue
on through 2015.
327 families became debt free in 2014 with more than $1 million of debt waived in 2014 alone. $4.93 mil-
lion was paid off debts across the nation as our client services team have been hard at work negotiating
with creditors and constructing sustainable budgets for the many families struggling with debt.
CAP Debt Centre network
Overview
WANSW
QLD
ACT
VIC
SA
NT
TAS
Cockburn CentralBensville
Brassall
Mt. Annan
Fairfield
Robina
Charlestown
Currumbin Waters
Port Macquarie
Mackay
Kingswood
Everton Hills
Ryde
Mudgeeraba
Darwin
Devonport
Perth CentralCarlingford
Buderim
Oxford Falls
Kearney Springs
SpringfieldBundaberg
Darlinghurst
Enoggera
Port Stephens
Mackenzie
Canberra
Blackburn
Menai
Menai
Silverwater
Park Ridge
Silverwater
Windsor
15CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR APPROACH | ANNUAL REPORT 2014
14DEBT CENTRESIN NSW
1 DEBT CENTREIN THE ACT
8DEBTCENTRESIN VIC
1DEBTCENTREIN TAS
1DEBT
CENTREIN THE NT
1DEBT
CENTREIN SA2
DEBTCENTRES
IN WA
15DEBT CENTRESIN QLD
We are excited to see CAP Money grow from our 236 currently active CAP Money Churches, as well as
seeing an increase in the 1,622 trained CAP Money Coaches.
We are optimistic about our future as Christians Against Poverty continues to grow. CAP will continue to
lift those struggling with overwhelming debt out of their situation and further extend our preventative
arm out to communities that need education and empowerment.
16 CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR PEOPLE | ANNUAL REPORT 2014
O ur team is made up of people passionate
about seeing Australian’s released from
poverty, crippling debt and its causes. We
recognise the diverse backgrounds of our staff
and volunteers and the richness that this brings
to the organisation.
National Head OfficeOver 30 staff are based at the Head Office
in Newcastle. These team members offer direct
assistance to clients, generate national
fundraising initiatives, and equip regional centres
with training and resources. The team is made up
of a combination of full-time and part-time
employees as well as interns from the CAP
international office in the UK. The Head Office is
also assisted by volunteers who help with
administrative tasks as needed.
Centre Managers and Debt CoachesCentre Managers and Debt Coaches work from
local church-based CAP Debt Centres, are
recommended by church leadership and
recruited by CAP management. They receive
comprehensive training in the areas of debt
counselling, team management and administra-
tion. Several Centre Managers are previous CAP
clients who are now debt free and passionate
about reaching out to people in their community.
CAP Money CoachesCAP Money Coaches are volunteers trained to
deliver the CAP Money Course to people in their
local community. Coaches are members of the
local church responsible for delivering the
budgeting course.
Support Workers and Volunteers Support Workers can assist on a paid or
volunteer basis to help the Centre Manager or
Debt Coach in directly supporting clients in need.
This includes undergoing CAP training, visiting
clients in their homes and providing ongoing
practical assistance to clients as needed.
Volunteers can also assist CAP Money Coaches
in the running of the CAP Money courses. Vol-
unteers also help with administrative tasks at the
National Head Office.
Our people
17CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR PEOPLE | ANNUAL REPORT 2014
National Head Office staff CAP Debt Centre staff
Full-time
Support WorkersPart-time
Casual
Volunteer
Volunteers dedicate their
time and skills to support
CAP when they are able.
Their passion and
dedication is invaluable.
MenWomen
18 CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR SUPPORTERS | ANNUAL REPORT 2014
C AP Australia receives no government
funding and relies on the generosity of our
supporters to ensure our operation can
continue and that services can be provided, free
of charge, to people in need. The organisation is
69 per cent funded through regular donations.
Individuals giving regularly to CAP are called Life
Changers and generate around 70 per cent of
the regular giving amount. A number of current
and past clients also choose to become Life
Changers, and 98 per cent said they would
recommend the CAP service to others. The
remaining 30 per cent of regular giving is
through other sources.
Most of our supporters are aged between 25-65
years of age, and would affiliate themselves with
the Christian faith. Many regularly attend church
once a month or more. The majority of
supporters (54 per cent) live in NSW, followed
by QLD (20 per cent), however as the CAP
network expands, the percentage of supporters
from other regions is growing.
The remaining 31 per cent of funding is achieved
through appeals, one-off donations, and trusts
and grants.
Our supporters
“I love supporting CAP because I know that they steward my giving well and that families genuinely benefit as a result. When I first heard a client speak about the impact CAP had made in their life, I knew my Life Changer contribution was worthwhile.”
Rebecca, CAP Supporter from Newcastle
19CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR SUPPORTERS | ANNUAL REPORT 2014
0.1 % INTERNATIONAL DONATIONS
0.5% NT
3% SA
3% WA
TOTAL FUNDING REGULAR FUNDING
REGULARFUNDING
APPEALS,DONATIONS,TRUSTS AND
GRANTS
OTHER
LIFE CHANGERS(INDIVIDUAL REGULAR GIVERS)
20% QLD
2.6% ACT
15.3% VIC
54% NSW
1.5% TAS
Supporters in the states and territories
20 CHRISTIANS AGAINST POVERTY AUSTRALIA | OUR SUPPORTERS | ANNUAL REPORT 2014
Corporate partners
C AP partners with businesses who provide regular financial support to the ministry. These
organisations have a particular heart for our work, both locally and nationally, and we seek to build
and maintain strong relationships with them. Our corporate partners not only provide the vital funds we
need to continue providing our services free of charge, but also promote our work through networking
and publicity.
C AP is a church-based ministry that
partners with churches of many Christian
denominations across Australia. We are currently
connected with around 3,500 churches, however
the level of our engagement with these churches
varies.
Partner Churches: A Partner Church is one where approved church
members have received training from CAP and
have now opened a CAP Debt Centre, providing
face-to-face assistance for clients. There are 43
Debt Centre partner churches nationwide, with a
presence in every state and territory. These
partners also regularly contribute financially to
CAP.
CAP Money Partner Churches:There are 119 active CAP Money Partner
Churches trained by CAP to run the CAP Money
Course for people in their congregation and
community to learn to budget. These partners
also choose to financially contribute to CAP on a
regular basis.
CAP Money Associate Churches:There are currently 394 trained CAP Money
Associate Churches. These are churches that
have paid a one-off registration fee in return for
the CAP Money Church Kit and training for up to
five Money Coaches. They are then able to run
the CAP Money Course in their church and
community.
Associate Churches:Associate Churches don’t run any of the CAP
programs but still support CAP with a regular
donation. There are also churches that don’t fall
into these categories however they remain on
our database to receive information and updates
about our services.
Churches
T hrough identifying the five pathways to poverty*, CAP realised the need to bring basic money
management and budgeting principles to the next generation. With no specific financial education
on the current school curriculum, CAP developed the CAP Money Youth program – adapting the
successful principles of the CAP Money Course to be used in the classroom and youth groups. This was
aimed at a teenage audience.
Schools
“Since CAP I feel more hopeful. I know I can have a life. In fact, I’m now also a CAP Support Worker.”
Sandy - CAP Client
22 CHRISTIANS AGAINST POVERTY AUSTRALIA | THE PEOPLE WE SERVE | ANNUAL REPORT 2014
Clients
The people we serve
A s of 31 December 2014, CAP was assisting
768 clients from around Australia. While
CAP clients are from diverse backgrounds, many
represent marginalised sections of the
community and struggle with similar issues as a
result of poverty and debt.
A 2014 CAP client survey showed that
approximately 70 per cent of clients experienced
depression and 93 per cent experienced anxiety
and stress. 79 per cent admitted to missing meals
due to debt.
The survey also showed that approximately
47 per cent of clients live in NSW, followed by
around 35 per cent from QLD, 8 per cent from
VIC. These percentages are beginning to trend
towards the less represented states and territories
as more CAP Debt Centres open in these regions.
Nearly 40 per cent of clients described the
assistance of CAP as life transforming, and 59 per
cent described it as a great help.
768clients across Australia*
*As at end of 2014
Snapshot of the clients we serve
NSW | 47%
QLD | 35%
VIC | 8%
10%OTHER STATES
AND TERRITORIES
D elegates are not necessarily people who are struggling with unmanageable debt but are people
wanting to improve their personal budgeting. These can be people from all walks of life, and
although the course is conducted by local churches, it is designed to assist people across the wider
community.
CAP Money delegates
23CHRISTIANS AGAINST POVERTY AUSTRALIA | THE PEOPLE WE SERVE | ANNUAL REPORT 2014
79% of clients admitted to missing
meals due to debt.
84% lived in fear from financial
pressure prior to working with CAP.
61% said their housing was at risk due
to their financial state.
33% had a relationship breakdown due
to their financial state.
70% of clients experienced depression
before seeking the assistance of CAP.
1 in 3 clients considered or
attempted suicide.
40% of clients described the
assistance of CAP as life transforming.
59% of clients described the
assistance of CAP as a great help.
24 CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
Strategy and performance objectives
T he client services team have continued to
bring hope and sustainable support to our
clients this year.
In 2014 the team opened 485 new accounts,
helping an estimated 1,455 individuals. Our total
number of active clients has slightly decreased
through the year showing the success in taking
clients through the system and seeing them
become debt free.
We have seen 327 clients become debt free
representing over 900 adults and children
waking up knowing they are completely free from
the debt that had entangled them.
We have seen our clients pay back $4.93 million
worth of debt this year, an amazing achievement
for our clients and our dedicated client
services staff.
1. Relieving poverty
Client debt paid off **through debt management
Active and debt free clients
Clients active Clients debt free
2012 2013 2014
$4.93 Million
$4.84 Million
$4.19 Million
Objective for 2014:To continue the vision of having a CAP Debt
Centre in every major town and city by
opening 12 new CAP Debt Centres.
Aim for 2015:To pursue our vision of national coverage
by having a CAP Debt Centre in every major
town and city by growing to 50 CAP Debt
Centres by the end of 2015.
25CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
F or Patricia, escaping conflict in Nicaragua to
forge a new life in Australia meant leaving
behind everything she knew; her family, friends
and community.
In a new country, where everything was different
– the language, the culture and customs, Patricia
was determined to overcome the challenges and
build a new life. “English is my second language,”
she explains, “It’s not perfect and I can’t
understand people all the time. I thought if I learn
to write and speak English, I’ll be okay.”
With courage and determination, she learned
English, gained employment and even bought her
own home. But unfortunately, through a
series of tragic events, Patricia found the life she’d
worked so hard to build unravelling around her.
Her hours of employment became
sporadic, her partner was emotionally abusive
and she struggled to afford the basics she
needed to live. That’s when Christians Against
Poverty stepped in. When she was lost and
confused, turning everywhere for help, Patricia
describes how she finally found CAP and reached
out.
“I thought people would be happy if I just
disappeared; I was so frustrated. I saw a
pamphlet in the Centrelink centre and rang the
number to make an appointment. I was so
confused and nervous.”
It was that call that connected Patricia not only to
the practical help she needed to break free from
her situation, but also the care and compassion of
the local church.
Emma, the CAP Debt Coach at Red Door
Community Church in Perth, connected Patricia
with loving and supportive people who helped
her in her time of need. Her faith was
strengthened as members of the Red Door
church stepped forward to support her, providing
not only a car, but also somewhere for her to live.
“When Emma, my Debt Coach, walked through
the door, she was like an angel,’ says Patricia. ‘I
felt so lost and didn’t know what to do or who to
turn to, but now I have hope for the future where
I didn’t before.”
Now, not only can Patricia look forward to
freedom from debt and poverty, but she can see
the love of God in her life and know she is not
alone. “It’s still hard, but I know God is with me,”
she says. “I know He is in my heart and I have
faith in Him; that is what is most important to
me.”
Debt counselling: Patricia’s story
“I lost my house, I lost my car; I lost everything. I was looking everywhere for help. I needed people that believed in more than just money. I needed wonderful people.”
Patrica with her CAP Debt Coach, Emma
26 CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
T he CAP Money Course is a free course that
teaches people budgeting skills using a
simple cash-based system that works.
Training is provided for representatives from
churches. These churches will then promote and
conduct the courses in their local community.
Since 2009, around 500 churches have been
trained to present the CAP Money course. In
2014, a total of 10 training sessions were conduct-
ed throughout the states and territories resulting
in 124 churches trained and equipped to take the
course to their community, and 475 courses run.
There were 2,422 people who were CAP Money
delegates in 2014, participating in the CAP Money
Course across Australia, and 236 churches
actively facilitated CAP Money Courses during
the year.
The course is even available for youth, teaching
teenagers how to budget for the future with the
launch of CAP Money Youth mid-2014.
The CAP Money Youth workshop lasts for around
an hour and can be easily presented alongside
existing curriculum. It teaches the basics of
looking after money through engaging activities,
a relatable case study and interactive multimedia.
Most importantly, it provides the tools for
teenagers to begin putting what they’ve learned
into practice. The feedback from those who have
run CAP Money Youth in schools has been very
positive.
2. Financial education
Objective for 2014:Train a further 300 CAP Money Coaches from
120 new churches, enabling them, along with
the already trained churches, to deliver courses
to an estimated 2,000 delegates, including the
introduction of the CAP Money Youth program.
Aims for 2015:Continue to tackle the cause of debt by
bringing the CAP Money Course to more
churches, and to continue to expand the CAP
Money Youth program into more schools and
youth groups.
people were CAP money delegates in 2014
CAP Money Churches (per state & territory)
churches actively facilitated* the CAP Money Course in 2014 running 475 courses.
*’Active’ churches are those that have run a course in the last 12 months
0NSW QLD VIC SA WA ACT TAS NT
20
40
60
80
100
120
140
160
180
200 193
100 102
28 25
9 141
27CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
F or Dave and Rosie, the decision to take a
disciplined approach to managing their
money stemmed from a mutual desire to be
generous to others. “Our first year of marriage
was great!” said Dave. “We were being generous
where we could, we set up budgets and made
sure we lived within our means. At university I
spent money poorly. In fact my overspending
sometimes meant I struggled to pay my bills. I’m
glad I made the change as this hasn’t just
impacted me, but also my wife.”
Several years into their marriage, the decision to
change jobs meant they needed to re-evaluate
their budgets. Rosie decided to leave her job as a
physiotherapist and begin working for Christians
Against Poverty. The charity was based in the
couple’s home town of Bradford in the UK and
the money management principles promoted by
CAP resonated strongly with them. Some months
later, Dave too finished work as a teacher to also
work for CAP. The change in salary called for a
new approach to their finances.
Fortunately in the lead up to these job changes,
Dave and Rosie were introduced to the CAP
Money Course. The principles they learned during
the course helped to further strengthen the
budgeting techniques they were already using,
allowing them to save and still pay their bills on
time, while also supporting vulnerable girls from
broken homes and giving them a safe place to
live. “In all we saw 5 to 6 young girls come to live
with us for some months – and in some cases,
years. They became part of our family,” said
Rosie.
Shortly after their first child was born, Dave and
Rosie moved and took up positions in the Head
Office of CAP Australia. This meant giving up
family, friends, their home and the majority of
their possessions and moving to the other side
of the world. Again, this called for a look at their
finances to see if they could afford the moving
and set up costs. “We arrived in Australia with
no house, no car, no family and no friends – but
we still had the financial principles we learned
through CAP,” said Dave.
At the end of 2014, their second child was born,
and yet the couple still found their budget
stretching to meet their needs. “It doesn’t
matter if you feel you’re budgeting well or not,
CAP Money is an incredible course that will leave
you feeling more in control of your finances. In
our case it’s meant that our budget has been
created to meet our needs as a growing family
but still bless people, I love that. Generosity is one
of the things that I hope defines us as family,” said
Rosie.
CAP Money: Dave and Rosie’s story
“The CAP Money Course was so practical and we could tailor our budget for our lifestyle – and we wanted a lifestyle of generosity.”
28 CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
CAP Money Youth: Adina’s story
P enrith teenager, Adina, isn’t complaining
about a lack of pocket money. After
completing a CAP Money Youth Course at her
local church, Adina’s part-time job at KFC started
providing more than just a little bit of extra cash.
“Without the CAP Money Course, I don’t think I’d
have saved as much as I have. I look at my
account and I don’t know how I got all this
money!”
Adina completed the course around the same
time as she began her part-time job, and the
timing couldn’t have been better.
“I set up my bank account just before I started my
job and I decided to open a second bank account
just for my savings, following the budgeting tips
I learned in the course,” said Adina. “It’s great to
have that second account. I’m saving for
Christmas presents, but eventually I want to buy a
car because I turn 16 next year. And later on, I can
start saving for university.”
The CAP Money Youth Course was run over two
nights at the church youth group shortly after a
similar course was run for adults at the church.
And Adina is convinced that the course works.
“I think that all young people should do a course like this. When you do start earning money and putting the principles into practice, it’s so much better than you even thought it would be!”
30 CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
3. Our work with the Church
O ur clients face spiritual poverty, isolation
and emotional struggles. These are often
a result of the overwhelming burden of debt and
many other causes. We believe the church is
perfectly positioned to provide the emotional and
spiritual support that they desperately need.
CAP relies on trained staff and volunteers at
church-based CAP Debt Centres to provide the
face to face connection between CAP and the
clients. Three training sessions were conducted
throughout 2014 resulting in an additional nine
Debt Centres opening. There were 43 Debt
Centres in operation by 31 December.
Objective for 2014:To continue to support the local church as
they reach out into their communities, giving
clients the opportunity to respond to an
invitation to join a local church community if
they desire to.
Aims for 2015:Continue to raise awareness of debt and
poverty in Australia, and inspire churches to
partner with us through church presentations,
exhibiting at conferences and through a variety
of communication streams.
*As of 31 December 2014
= 100 churches
Connected Churches
= 1 partner church
CAP Money Partner Churches Church-based CAP Debt Centres*
= 10 churches
Active CAP Money Churches
122
3,500 236
43
31CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
I n 2008 the team at Life Unlimited Church in
Canberra wanted to explore other ways of
being involved in their local community. The
church already operated an Op Shop, Food Care
and a Charity Computers initiative but the con-
gregation wanted to do more than just meet
existing needs and become a refuge; they wanted
a way to help people break free from the cycle of
poverty and debt.
That’s when, as a church, they decided to
partner with CAP to become the first Debt Centre
in the ACT. “CAP has allowed us to reach into the
homes of people we wouldn’t otherwise meet,”
said Life Unlimited pastor, Sean Stanton.
The church rallied and soon appointed a
Centre Manager, Danielle, and a passionate group
of Support Workers and volunteers. The Centre
began to grow, assisting scores of families in the
Canberra area. Today, Danielle overseas all of the
church outreach ministries, while the Debt Centre
is managed by another church member, Amy.
“I initially trained as a CAP Debt Coach and after
a few months I was offered the opportunity to
become Centre Manager,” said Amy. “I’ve been
passionate about financial literacy since I was a
teenager so CAP is a natural fit for me as a link to
our community.”
“One of my first clients was a single mum of two
teenagers, overwhelmed with debts. It was a
special moment for me to watch her response of
relief and amazement as I walked her through her
budget and explained how we could help her. She
was relieved not to be constantly hassled by
creditors and amazed that she could be debt free
in about a year – a lot sooner than she realised,”
said Amy.
The church also began to run CAP Money
Courses, offering members of the church and the
local community the opportunity to receive free
training in personal budgeting skills. “We found
that the CAP Money Course provided an
educational alternative for people who might not
be in debt but needed help on how to budget,”
said Ps Sean. “Many people in our church have
taken part in a CAP Money Course and found
great benefit in learning how to better manage
their own finances.” Life Unlimited continues to
grow and assist people in the ACT as one of 43
CAP Debt Centres around Australia.
Church engagement: Life Unlimited Church
“It helps us to be outward looking and have a positive impact in our community.”
From left: Pastor Sean Stanton, Danielle Bate (previous CAP Centre Manager, now
Community Programs leader ), Anne Hazell (volunteer), Amy Dunski (current CAP Centre
Manager)
32 CHRISTIANS AGAINST POVERTY AUSTRALIA | STRATEGY AND PERFORMANCE | ANNUAL REPORT 2014
C AP receives no government funding so we
place strong focus on appeals to generate
one-off and regular financial gifts. Our regular
givers or Life Changers, along with partner and
associate churches regularly support the ministry.
This means that CAP is 69.5 per cent regularly
funded.
Three appeals were run in 2014 and generated
over $250,000 worth of one-off income,
including a gift match fund for the June appeal
that resulted in over $150,000.
Five fundraising dinners were conducted
throughout the year. Brisbane and Melbourne
dinners ran in May, the first ever CAP Perth
fundraising dinner occurred in October and was
very generously supported and the Sydney and
Newcastle dinners took place in November.
The attendance and response at all these dinners
were a huge encouragement and a testament to
the generosity of our supporters.
Our regular communication has continued to
raise awareness of debt and poverty in Australia.
This has inspired churches to partner with us to
open Debt Centres and individuals to support our
work. There were 72 church talks that took place
throughout the year and these generated 350
regular gift commitments (Life Changers).
In 2014 we exhibited at the C3 Presence
Conference and Hillsong Conference. These
events enabled us to meet face-to-face with
hundreds of people representing churches from
across Australia. These conferences were an
integral opportunity to continue our efforts to
raise further awareness of debt and poverty in
Australia and the services CAP offers.
4. Raising awareness of debt and poverty in Australia
Objective for 2014:
Continue to raise awareness of debt and
poverty in Australia and inspire churches
to partner with CAP through speaking at
churches, exhibiting at conferences, regular
communication with supporters and through
electronic media.
Aims for 2015:
Continue to raise awareness of debt and
poverty in Australia and inspire churches to
partner with us through speaking at churches,
exhibiting at conferences and through a
variety of communication streams.
2013 Total new Life Changers =
Year end 2013 = 3,166
2014Total new Life Changers =
*350 came from Church Talks
Year end 2014 = 3,323
34 CHRISTIANS AGAINST POVERTY AUSTRALIA | GOVERNANCE AND MANAGEMENT | ANNUAL REPORT 2014
T he Board of Directors meet five times a year to review strategy and operational/financial
performance in conjunction with the charity’s Founder and International Director, it’s Chief Executive
Officer and other members of the Leadership Team.
These meetings are also attended by a staff representative so their views can be taken into consideration
through the decision making process.
Governance and management
Our board
Chief Executive CAP Australia
Ross Buttenshaw
Board memberPaul Derham
Board memberRob Fryer
Company secretaryJanelle Hines
International Founder and
DirectorJohn Kirkby
Chairman of the Board
Kenny O’Donnell
Risk managementThe Board of Directors actively review the major risks that the charity faces on a regular basis, together
with the controls over key financial systems carried out through an internal audit program. The Board has
also examined other operational and business risks that the charity faces and confirm they have
established systems to mitigate the significant risk.
ResponsibilitiesThe day-to-day implementation of the strategic plan, together with the development of strategy is led by
the Chief Executive and Leadership Team, consisting of members of each area of the charity. Key
performance indicators are used to measure and review performance against the strategic plan, with
monthly meetings ensuring that corrective action is taken where needed. Monthly management accounts
are also used to ensure that financial targets are being met. If any significant matters of policy or key
decision-making arise during these meetings, these will be referred to the Board for approval.
35CHRISTIANS AGAINST POVERTY AUSTRALIA | GOVERNANCE AND MANAGEMENT | ANNUAL REPORT 2014
Our leadership team
Chief ExecutiveRoss Buttenshaw
Operations DirectorRosie Kendall
Communications DirectorAmy Lanham
Church Partnerships DirectorAlison Buttenshaw
Corporate Services DirectorJanelle Hines
The Church Partnerships team is comprised of regionally based staff in Queensland, New South Wales
and Victoria who are managed centrally from CAP Head Office in Newcastle. The team is responsible for
engaging with churches in their area to generate more church-based CAP Debt Centres, more
partner and associate churches trained to run CAP Money Courses, and church and event talks to inspire
further awareness and support of CAP.
The Communications team generates awareness and support of CAP through fundraising appeals, the
website and social media, design and video production, trust and grant writing, advertising and
promotional campaigns, donor relations, and fundraising dinners across Australia. As well as servicing
current regular givers and key supporters. The Communications team also provides resources to other
organisational departments and church partners.
The Operations team is responsible for directly assisting clients. Potential clients are initially assisted by a
First Solutions team member who assesses their situation over the phone. For clients needing long-term
debt management, they are referred to their local Debt Centre and to a personal case worker in the CAP
Debt Management team. Other clients may need to be directed towards insolvency. The team also
manages and trains the network of CAP Debt Centres whose staff and volunteers offer face-to-face
assistance to clients; as well as partner and associate churches, equipping them to provide the CAP
Money budgeting course to people in their local community.
The Corporate Services team includes the Finance and HR sections, which support the practical
outworking of the organisation. The portfolio of work specifically covers; managing the CAP Account on
behalf of clients, invoicing and creditors, staff and volunteer recruitment, risk management, workplace
health and safety (WHS) and corporate event planning.
36 CHRISTIANS AGAINST POVERTY AUSTRALIA | GOVERNANCE AND MANAGEMENT | ANNUAL REPORT 2014
Organisational structure
T he last 12 months have been a period of significant change for CAP. Sustained growth over several
years created a need for recruitment for both new and existing positions, including an expanding
regionally based Church Partnerships team. Overall organisational structure was also evaluated during
this time. The decision was made to amalgamate two departments, resulting in the creation of the
Operations Team.
I.T.Services
Board ofDirectors
RegionalManagers
Evangelism &
Dicipleship
DebtManage-
ment
FirstSolutions
Insolvency& Specialist
advice
CentreDevelopment
ManagerClient
ServicesManager
CAPMoney
CorporateService
Assistant
SupporterRelations
Design
Fundraising
Media
Events
NSWChurch
RelationshipManager
QLDChurch
RelationshipManager
VICChurch
RelationshipManager
Corporate services
ChurchPartnerships
Operations
37CHRISTIANS AGAINST POVERTY AUSTRALIA | GOVERNANCE AND MANAGEMENT | ANNUAL REPORT 2014
Staff
T he work of Christians Against Poverty
relies on the commitment and hard work of
its valued staff, both those directly employed at
our Head Office and also those employed by our
partner churches in our CAP Debt Centres. At the
end of the year more than 80 people were direct-
ly involved in delivering the service of Christians
Against Poverty, the part played by each one
being vital to the charity’s success.
Regular communication with staff through
monthly staff meetings, team meetings,
podcasts and the organisational intranet ensure
they are kept informed by any decisions made by
the Board, and our annual staff surveys
consistently show a high level of job satisfaction.
Full training is given to each member of staff in
their specific roles. We are committed to equality
in recruiting, training, promotion and career
development, and continually seek to promote
from within before seeking external candidates.
Volunteers
C AP values the work of its volunteers at
our Head Office in Newcastle and across
Australia. Appropriate policies and procedures
clarifying the extent of the volunteer’s remit and
providing check and balance in relation to the key
areas of the manager and HR strategy, have been
introduced and a dedicated person appointed to
oversee their work and well-being.
During the year, 12 volunteers worked at the CAP
Head Office in Newcastle. They performed
various part-time administrative and support
roles. In total these volunteers provided 1,357
hours of invaluable support to us. We estimate
the value of this work to be in the region of $29K.
The number of volunteers within our Debt Centre
network is far more difficult to quantify, but we
acknowledge that, without the invaluable
contribution of the support workers and prayer
teams at our Debt Centres, clients would not
receive the help and support they do. There is an
enormous contribution made by employees and
volunteers at both Head Office and in Debt
Centres around the country.
Our staff and volunteers
90% of CAP employees stated they feel appreciated and valued for the work they do.
(2014 staff survey)
90% of CAP employees stated they feel enthusiastic about their job
(2014 staff survey)
12 volunteers
1,357 hours
38 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Financial performance
Statement of income for 2014
Total income: $2,526,364
$1,000,985from Life Changers
(regular giving program)
$159,930from trusts and grants
$123,429from companies
$95,908from charitable
activites (CAP Money, client donations, etc)
$25,382from interest
$679,573from generating funds (individual donations,
fundraising, etc)
$441,157from Church Partnership
39CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Total expenditure: $2,250,546
Statement of expenditure for 2014
$1,630,890spent on debt
counselling direct aid and raising awareness
$366,530 spent on fundraising
$148,341spent on facilities admin
$104,785spent on CAP Money
40 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Income
The Directors are pleased to report another year
of strong financial growth.
CAP continues to rely on voluntary donations
from individuals and organisations as its
principal source of funding. Total income for
the year increased by 10.9% to $2.53m (2013:
$2.28m).
Our regular giving program – Life Changers –
generated income of $1.00m (2013:$915k) an
increase of 8.5%. At the end of 2014, there were
more than 3,320 Life Changers, each giving an
average of $26 per month. We will continue to
put all our efforts into increasing the number of
Life Changers so that the charity has a solid
foundation of support on which it can grow.
Regular church giving continues to be an
important source of funds, particularly from our
partner churches, and over the year, totalling
$441k (2013:$445k).
Overall regular monthly giving, whether from
individuals or churches represented 62%
(2013:65%) of our total income. This is 69%
(2013:71%) of total expenditure for the year. This
is in line with the Directors’ and Management’s
strategy to increase the level of regular giving in
order to reduce the need for increasingly large
levels of one-off income as the charity grows.
Whilst every effort is put into increasing the level
of regular giving, there is still a need for
significant one-off income and, in 2014, total
one-off gifts from individuals totalled $805k
(2013: $744k). Many individuals who already make
regular Life Changer donations gave additional
gifts that are part of this $805k.
Income from Charitable Trusts continues to be an
important income stream for the charity and in
2014 we received $159k (2013:$60k), an increase
of 165%. We are grateful to the many trusts that
agreed to support our work in this way.
Total one off income from all sources was $964k
(2013:804k)
The Directors wish to thank all our supporters for
the financial contribution they have made
towards the success of the charity.
Expenditure
Total expenditure increased by 8.2% to $2.25m
(2013:$2.08m) as a result of the increased activity
of the charity and further investment for future
growth. $1.74m (2013:$1.73m) related directly to
charitable activities representing 77% (2013:82%)
of total expenditure. The costs of generating
funds were $366k (2013 $258k) representing
16.3% (2013:12.2%) of total expenditure, whilst
essential support costs of $148k (2013: $139k)
have been allocated to activities on the basis of
head count. Staff costs of $1.33m (2013:$1.23k)
represented 59% (2013:58%) of the total
expenditure
From the Finance Director
Tota
l exp
endi
ture
Tota
l inc
ome
$2 .5
3 M
$2.2
5 M
10.9
%
8.2
%
41CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Balance sheet
The surplus for the year had a very positive effect
on the strength of the Balance Sheet. A strong
cash position at the end of the year resulted in
net assets of the charity at 31 December 2014
being $299k (2013:$23k)
Reserves policy
The Directors of the charity continually aim to
maintain the correct balance between the strong
growth strategies of the charity with the desire to
achieve a prudent level of reserves. The fact that
CAP has a high percentage of unrestricted
regular private income is, in many respects, one
of the strongest long term reserves we could
hope for. With over 3,320 people giving an
average of $26 per month, this income
represents 40% (2013:40%) of our total income.
Total regular income represented 69% (2013:71%)
of expenditure. The charity will continue its strat-
egy to increase this percentage to 75-80% of
total expenditure.
The increase in regular giving, coupled with the
substantial one-off gifts raised during the year,
resulted in a net asset balance at the end of the
year of $299k (2013:$23k).
The Directors are confident that on this platform,
combined with the continued drive to increase
regular income, it will enable the charity to
continue with its current growth strategy.
Tota
l inc
ome
$2.5
3 M
40
% =
lLfe
Chang
ers
69%
= reg
ula
r in
com
e$2
.25
MTo
tal e
xpen
dit
ure
44 CHRISTIANS AGAINST POVERTY AUSTRALIA | ANNUAL REPORT 2014
The directors of the Company declare that:
1. The financial statements and notes, as set out on pages 38 - 62, are in accordance with the
Corporations Act 2001 and:
a. comply with Accounting standards - Reduced Disclosure Requirement; and
b. give a true and fair view of the financial position as at 31 December 2014 and of the
performance for the year ended on that date of the Company.
2. In the directors’ opinion, there are reasonable grounds to believe that the Company will be able to pay
its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the Board of Directors.
Dated 17 February 2015
Director
Director
Christians Against Poverty (Australia) LimitedDirectors’ Declaration
“The CAP Money Course was so practical and we could tailor our budget for our lifestyle – and we wanted a lifestyle of generosity.”
Dave and Rosie - CAP Money delegates
46 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Statement of changes in equity
Statement of profit or loss and other comprehensive income
Note 2014 ($) 2013 ($) 2012 ($)
Revenue 2 2,528,091 2,280,761 2,083,990
Employee benefits expense (1,357,581) (1,238,120) (1,209,170)
Depreciation and amortisation expense (48,851) (42,592) (39,148)
Other expenses (836,672) (840,266) (744,023)
Finance costs (7,906) (7,914) (9,811)
Surplus before income tax 277,081 151,869 81,838
Income tax expense - - -
Surplus for the year 277,081 151,869 81,838
Other comprehensive income - - -
Total comprehensive income for the year 277,081 151,869 81,838
2014 Note Retained Surplus Total
Balance at 1 January 2014 22,511 22,511
Surplus attributable to members of the entity 277,081 277,081
Balance at 31 December 2014 299,592 299,592
2013
Balance at 1 January 2013 (129,558) (129,558)
Surplus attributable to members of the entity 152,069 152,069
Balance at 31 December 2013 22,511 22,511
2012
Balance at 1 January 2012 (212,103) (212,103)
Surplus attributable to members of the entity 82,545 82,545
Balance at 31 December 2012 (129,558) (129,588)
47CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Statement of financial position
Assets Note 2014 ($) 2013 ($) 2012 ($)
Current assets
Cash and cash equivalents 3 361,435 117,247 69,864
Trade and other receivables 4 32,017 38,165 50,824
Inventories 5 7,466 5,496 6, 734
Other assets 6 24,128 24,251 15,967
Total current assets 425,046 185,159 143,389
Non-current assets
Property, Plant and Equipment 7 109,554 120,933 141,829
Total non-current assets 109,554 120,933 141,829
Total assets 534,600 306,092 285,218
Liabilities
Current liabilities
Trade and other payables 8 52,348 60,570 170,295
Borrowings 9 29,510 19,559 17,893
Employee benefits 10 83,242 83,596 51,643
Total current liabilities 165,100 163,725 239,831
Non-current liabilities
Trade and other payables 8 11,192 28,570 46,727
Borrowings 9 25,302 47,130 67,092
Employee benefits 10 33,414 44,156 61, 126
Total non-current liabilities 69,908 119,856 174,945
Total liabilities 235,008 283,581 414,776
Net assets 299,592 22,511 (129,558)
Equity
Retained surplus 299,592 22,511 (129,558)
Total equity 299,592 22,511 (129,558)
48 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Statement of cash flows
Cash flows from operating
activitiesNote 2014 ($) 2013 ($) 2012 ($)
Receipts from customers 2,508,898 2,267,602 2,126,180
Payments to suppliers and employees (2,232,471) (2,198,330) (2,106, 100)
Interest received 25,382 26,018 32,206
Finance costs (7,906) (7,914) (9,811 )
Net cash provided by operating activities 293,903 87,376 42,475
Proceeds from sale of plant and equipment 25,500 - -
Purchase of property, plant and equipment (63,337) (21,696) (92 ,300)
Net cash used in investing
activities(37,837) (21,696) (92,300)
Cash flows from financing
activities
Proceeds from borrowings 37,979 - 43,273
Repayment of borrowings (49,858) (18,156) (13,158)
Net cash (used in)/provided by financing
activities(11,879) (18,156) 30,115
Net increase/ (decrease) in cash and cash equivalents held 244,187 47,524 (19,710)
Cash and cash equivalents at beginning of year 117,248 69,724 89,434
Cash and cash equivalents at end of
financial year17 361,435 117,248 69,724
49CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
Notes to the financial statementsThe financial statements are for Christians Against Poverty (Australia) Limited as a not-for-profit individual entity. The functional and presentation currency of Christians Against Poverty (Australia) Limited is Australian dollars.
Summary of Significant Accounting Policies
(a) Basis of Preparation
The financial statements are general purpose
financial statements that have been prepared in
accordance with Australian Accounting
Standards- Reduced Disclosure Requirements
and the Corporations Act 2001.
Material accounting policies adopted in the
preparation of these financial statements are
presented below and have been consistently
applied unless otherwise stated.
The financial statements have been prepared
on an accruals basis and are based on historical
costs modified, where applicable, by the
measurement at fair value of selected
non-current assets, financial assets and financial
liabilities.
(b) Comparative Amounts
Comparatives are consistent with prior years,
unless otherwise stated.
(c) Income Tax
No provision for income tax has been raised as
the Company is exempt from income tax under
Div 50 of the Income Tax Assessment Act 1997.
(d) Leases
Leases of fixed assets where substantially all the
risks and benefits incidental to the ownership
of the asset, but not the legal ownership that
are transferred to the Company are classified as
finance leases.
Finance leases are capitalised by recording an
asset and a liability at the lower of the amounts
equal to the fair value of the leased property or
the present value of the minimum lease
payments, including any guaranteed residual
values. Lease payments are allocated between
the reduction of the lease liability and the lease
interest expense for that period.
Leased assets are depreciated on a straight-line
basis over their estimated useful lives where it is
likely that the Company will obtain ownership of
the asset or over the term of the lease.
Lease payments for operating leases, where
substantially all of the risks and benefits remain
with the lessor, are charged as expenses on a
straight-line basis over the life of the lease term.
Lease incentives under operating leases are
recognised as a liability and amortised on a
straight-line basis over the life of the lease term.
(e) Revenue and other income
Revenue is recognised when the amount of the
revenue can be measured reliably, it is probable
that economic benefits associated with the
transaction will flow to the entity and specific
criteria relating to the type of revenue as noted
below, has been satisfied.
Revenue is measured at the fair value of the
consideration received or receivable and is
presented net of returns, discounts and rebates.
All revenue is stated net of the amount of goods
and services tax (GST).
50 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
DonationsDonations and bequests are recognised as
revenue when received.
Interest revenueInterest is recognised using the effective interest
method.
(f) Goods and Services Tax (GST)
Revenue, expenses and assets are recognised net
of the amount of goods and services tax (GST),
except where the amount of GST incurred is not
recoverable from the Australian Taxation Office
(ATO).Receivables and payable are stated
inclusive of GST. The net amount of GST
recoverable from, or payable to, the ATO is
included as part of receivables or payables in the
statement of financial position.
Cash flows in the statement of cash flows are
included on a gross basis and the GST
component of cash flows arising from investing
and financing activities which is recoverable from,
or payable to, the taxation authority is classified
as operating cash flows.
(g) Inventories
Inventories are measured at the lower of cost and
net realisable value. Cost of inventory is
determined using the first-in-first-out basis and
are net of any rebates and discounts received.
Net realisable value is the estimated selling price
in the ordinary course of business, less the
estimated costs of completion and the costs
necessary to make the sale. Net realisable value
is estimated using the most reliable evidence
available at the reporting date and inventory is
written down through an obsolescence provision
if necessary.
(h) Property, Plant and Equipment
Classes of property, plant and equipment are
measured using the cost or revaluation model as
specified below. Where the cost model is used,
the asset is carried at its cost less any
accumulated depreciation and any impairment
losses. Costs include purchase price, other
directly attributable costs and the initial estimate
of the costs of dismantling and restoring the as-
set, where applicable.
Assets measured using the revaluation model are
carried at fair value at the revaluation date less
any subsequent accumulated depreciation and
impairment losses. Revaluations are performed
whenever there is a material movement in the
value of an asset under the revaluation model.
Freehold land and buildings that have been
contributed at no cost, or for nominal cost are
valued and recognised at the fair value of the
asset at the date it is acquired.
Plant and equipment
Plant and equipment are measured using the cost
model.
Plant and equipment that have been contributed
at no cost, or for nominal cost are valued and
recognised at the fair value of the asset at the
date it is acquired.
Depreciation
The depreciable amount of all property, plant and
equipment, except for freehold land is depreciat-
ed on a straight-line method from the date that
management determine that the asset is available
for use.
Assets held under a finance lease and leasehold
improvements are depreciated over the shorter of
51CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
the term of the lease and the assets useful life.
The depreciation rates used for each class of
depreciable asset are shown:
At the end of each reporting period, deprecia-
tion method, useful life and residual value of each
asset is reviewed. Any revisions are accounted for
prospectively as a change in estimate.
(i) Financial instruments
Initial recognition and measurement
Financial assets and financial liabilities are
recognised when the entity becomes a party
to the contractual provisions of the instrument.
For financial assets, this is the equivalent to the
date that the Company commits itself to either
the purchase or sale of the asset i.e. trade date
accounting is adopted.
Financial instruments are initially measured at fair
value plus transactions costs, except where the
instrument is classified ‘at fair value through profit
or loss’ in which case transaction costs are
expensed to profit or loss immediately.
Classification and subsequent measure-ment
Financial instruments are subsequently
measured at either fair value, amortised cost
using the effective interest rate method, or cost.
Fair value represents the amount for which an
asset could be exchanged or a liability settled,
between knowledgeable, willing parties in an
arm’s length transaction. Where available, quoted
prices in an active market are used to determine
fair value. In other circumstances, valuation tech-
niques are adopted.
Amortised cost is calculated as:
(a) the amount at which the financial asset or
financial liability is measured at initial recognition;
(b) less principal repayments;
(c) plus or minus the cumulative amortisation of
the difference, if any, between the amount initially
recognised and the maturity amount calculated
using the effective interest method; and
(d) less any reduction for impairment.
The effective interest method is used to allocate
interest income or interest expense over the
relevant period and is equivalent to the rate that
exactly discounts estimated future cash
payments or receipts (including fees, transaction
costs and other premiums or discounts) through
the expected life (or when this cannot be reliably
predicted, the contractual term) of the financial
instrument to the net carrying amount of the
financial asset or financial liability. Revisions to
expected future net cash flows will necessitate an
adjustment to the carrying value with a
consequential recognition of an income or
expense in profit or loss.
The classification of financial instruments
depends on the purpose for which the invest-
ments were acquired. Management determines
the classification of its investments at initial
recognition and at the end of each reporting peri-
od for held-to-maturity assets.
Fixed asset class Depreciation rate
Furniture, Fixtures and Fittings
15 - 50 %
Motor Vehicles 25 %
Office Equipment 40 - 50 %
Computer Equipment 20 - 66 %
Computer Software 50 %
“It’s not just about a spiritual journey, it’s a financial journey too… CAP has been a blessing
from beginning to end.”Craig and Libby - former CAP Clients
53CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
The Company does not designate any interest as
being subject to the requirements of
accounting standards specifically applicable to
financial instruments.
(i) Financial assets at fair value through profit or loss
Financial assets are classified at ‘fair value
through profit or loss’ when they are either held
for trading for the purpose of short-term profit
taking, derivatives not held for hedging purposes,
or when they are designated as such to avoid an
accounting mismatch or to enable performance
evaluation where a group of financial assets is
managed by key management personnel on a fair
value basis in accordance with a documented risk
management or investment strategy. Such
assets are subsequently measured at fair value
with changes in carrying value being included in
profit or loss.
(ii) Loans and receivables
Loans and receivables are non-derivative financial
assets with fixed or determinable payments that
are not quoted in an active market and are
subsequently measured at amortised cost.
Loans and receivables are included in current
assets, except for those which are not expected
to mature within 12 months after the end of the
reporting year.
(iii) Held-to-maturity investments
Held-to-maturity investments are non-derivative
financial assets that have fixed maturities and
fixed or determinable payments, and it is the
Company’s intention to hold these investments
to maturity. They are subsequently measured at
amortised cost.
Held-to-maturity investments are included in
non-current assets, except for those which are
expected to be realised within 12 months after the
end of the reporting period, which will be
classified as current assets.
If during the period the Company sold or
reclassified more than an insignificant amount of
the held-to-maturity investments before maturity,
the entire held-to-maturity investments category
would be tainted and reclassified as available
for-sale.
(iv) Available-for-sale financial assets
Available-for-sale financial assets are
non-derivative financial assets that are either not
suitable to be classified into other categories of
financial assets due to their nature, or they are
designated as such by management. They
comprise investments in the equity of other
entities where there is neither a fixed maturity nor
fixed or determinable payments.
Available-for-sale financial assets are included in
non-current assets, except for those which are
expected to be sold within 12 months after the
end of the reporting period.
(v) Financial liabilities
Non-derivative financial liabilities (excluding
financial guarantees) are subsequently measured
at amortised cost. Fees payable on the
establishment of loan facilities are recognised as
transaction costs of the loan.
Borrowings are classified as current liabilities
unless the Company has an unconditional right
to defer settlement of the liability for at least 12
months after the reporting date.
Impairment of financial assets
At the end of the reporting period the Company
54 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
assesses whether there is any objective evidence
that a financial asset or group of financial assets
is impaired.
Financial assets at amortised cost
If there is objective evidence that an impairment
loss on financial assets carried at amortised cost
has been incurred, the amount of the loss is
measured as the difference between the assets
carrying amount and the present value of the
estimated future cash flows discounted at the
financial assets original effective interest rate.
Impairment on loans and receivables is reduced through the use of an allowance accounts, all other impairment losses on financial assets at amortised cost are taken directly to the asset.
Available-for-sale financial assets
A significant or prolonged decline in value of an
available-for-sale asset below its cost is objective
evidence of impairment, in this case, the
cumulative loss that has been recognised in other
comprehensive income is reclassified from equity
to profit or loss as a reclassification adjustment.
Any subsequent increase in the value of the asset
is taken directly to other comprehensive income.
(j) Cash and cash equivalents
Cash and cash equivalents include cash on hand,
deposits held at call with banks, other short-term
highly liquid investments with original maturities
of three months or less, and bank overdrafts.
Bank overdrafts are shown within short-term
borrowings in current liabilities on the statement
of financial position.
The company holds $716,652 (2013: $751 ,685)
on behalf of clients and is not available for use by
the company. These funds are not included in the
Statement of Financial Position.
(k) Employee benefits
Provision is made for the Company’s liability for
employee benefits arising from services rendered
by employees to the end of the reporting period.
Employee benefits that are expected to be
settled within one year have been measured at
the amounts expected to be paid when the
liability is settled.
Employee benefits expected to be settled more
than twelve months after the end of the
reporting period have been measured at the
present value of the estimated future cash
outflows to be made for those benefits. In
determining the liability, consideration is given to
employee wage increases and the probability that
the employee may satisfy vesting requirements.
Cash-flows are discounted using market yields on
national government bonds with terms to
maturity that match the expected timing of
cash-flows. Changes in the measurement of the
liability are recognised in profit or loss.
Employee benefits are presented as current
liabilities in the statement of financial position
if the Company does not have an unconditional
right to defer settlement of the liability for at least
12 months after the reporting date regardless of
the classification of the liability for measurement
purposes under AASB 119.
(I) Critical accounting estimates and judgments
The directors evaluate estimates and judgements
incorporated into the financial statements based
on historical knowledge and best available
current information. Estimates assume a
reasonable expectation of future events and are
based on current trends and economic data,
obtained both externally and within the company.
55CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
(m) Going concern
Donations represent the majority of revenue
generated by the Company. As at 31 December
2014, the Company’s net assets returned to
surplus.
The financial statements have been prepared on
a going concern basis which contemplates the
realisation of assets and the extinguishment of
liabilities in the ordinary course of business.
The directors of the Company have considered
the going concern assumption appropriate with
consideration to the following:
• The Company’s strategic forecast for 2015 has
estimated a surplus of $12.5k which includes
depreciation expense of $42k;
• The Company has paid out two of its five
financial leases during the year;
• The Company continues to receive ongoing
financial support from all of its regular donors
and creditors to assist the Company meet its
short and long term objectives; and
• The Company has received written
confirmation that financial support from
Christians Against Poverty (UK) will continue
for the foreseeable future.
It is with full consideration of the factors noted
above that the financial statements have been
prepared on a going concern basis.
(n) Adoption of new and revised accounting standards
During the current year, the following applicable
standards became mandatory and have been
adopted retrospectively by the Company:
• MSB 12 Disclosure of Interests in Other
Entities
• AASB 13 Fair Value Measurement
• MSB 119 Employee Benefits
• MSB 2012-2 Amendments to Australian
Accounting Standards - Disclosures -
Offsetting Financial Assets and Financial
Liabilities
The accounting policies have been updated to
reflect changes in the recognition and
measurement of assets, liabilities, income and
expenses and the impact of adoption of these
standards is discussed below.
MSB 13 Fair Value Measurement does not change
what and when assets or liabilities are
recorded at fair value. It provides guidance on
how to measure assets and liabilities at fair value,
including the concept of highest and best use for
non-financial assets. AASB 13 has not changed
the fair value measurement basis for any assets
or liabilities held at fair value, however additional
disclosures on the methodology and fair value
hierarchy have been included in the financial
statements.
AASB 119 Employee benefits changes the basis
for determining the income or expense relating
to defined benefit plans and introduces revised
definitions for short-term employee benefits and
termination benefits.
The Company reviewed the annual leave liability
to determine the level of annual leave which is
expected to be paid more than 12 months after
the end of the reporting period. Whilst this has
been considered to be a long-term employee
benefits for the purpose of measuring the leave
under MSB 119, the effect of discounting was not
considered to be material and therefore has not
been performed.
In accordance with the transition provisions in
the standard, the comparative figures have been
restated.
56 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
2014 ($) 2013 ($) 2012 ($)
Finance income
- Interest received 25,382 26,018 32,206
Other revenue
- Donations 2,401,792 2,180,192 1,989,171
- CAP Money 97,400 71,587 61,870
- Other revenue 3,517 2,964 743
Total 2,502,709 2,254,743 2,051 ,784
Total Revenue 2,528,091 2,280,761 2,083,990
2. Revenue and other income
3. Cash and cash equivalents
2014 ($) 2013 ($) 2012 ($)
Cash at bank and in hand 361,435 117,247 69,864
Total cash and cash equivalents 361,435 117,247 69,864
2014 ($) 2013 ($) 2012 ($)
CURRENT
Deposits 15,583 15,583 15,583
Current tax receivable 16,434 22,582 35,241
Total current trade and other receivables 32,017 38,165 50,824
2014 ($) 2013 ($) 2012 ($)
CURRENT
At cost:Inventory 7,466 5,496 6,734
Total 7,466 5,496 6,734
4. Trade and other receivables
5. Inventories
2014 ($) 2013 ($) 2012 ($)
CURRENT
Prepayments 24,128 24,251 15,967
Total 24,128 24,251 15,967
6. Other non-financial assets
“It is because of CAP that I now have a savings plan and a way forward! ...I never believed that I could achieve that!”
Mia - CAP Client
58 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
2014 ($) 2013 ($) 2012 ($)
Plant and equipment:
At cost 135,777 134,474 128,186
Accumulated depreciation (102,495) (93,917) (80,358)
Total plant and equipment 33,282 40,557 47,828
Motor vehicles:
At cost 79,461 94,658 94,658
Accumulated depreciation (34,253) (39,357) (20,923)
Total motor vehicles 45,208 55,301 73,735
Computer equipment:
At cost 72,778 47,188 27,598
Accumulated depreciation (43,946) (22,897) (10,335)
Total computer equipment 28,832 24,291 17,263
Computer software:
At cost 6,390 3,280 2,782
Accumulated depreciation (4,158) (2,496) (1,915)
Total computer software 2,232 784 867
Total property, plant and equipment 109,554 120,933 139,693
7. Property, plant and equipment
(a) Movements in carrying amountsMovement in the carrying amounts for each class of property, plant and equipment between the
beginning and the end of the current financial year:
Plant and equipment
($)
Motor vehicles ($)
Computer equipment
($)
Computer software ($)
Total ($)
Year ended 31 Decemeber 2014
Balance at the beginning of the year 40,557 55,301 24,291 784 120,933
Additions 1,303 33,334 25,590 3,110 63,337
Disposals - written down value - (25,866) - - (25,866)
Depreciation expense (8,577) (17,562) (21,049) (1,662) (48,850)
Balance at the end of the year 33,283 42,207 28,832 2,232 109,554
59CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
2014 ($) 2013 ($) 2012 ($)
CURRENT
Trade payables 3,511 10,533 15,813
Accrued expense 4,260 5,804 103,941
Other payables 44,577 44,233 50,541
Total 52,348 60,570 170,295
NON-CURRENT
Related party payables - 8,623 13,864
Other payables 11,192 19,947 32,863
Total 11,192 28,570 46,727
8. Trade and other payables
2014 ($) 2013 ($) 2012 ($)
CURRENT
Secured liabilities:
Lease liability 29,510 19,559 17,893
Total current borrowings 29,510 19,559 17,893
NON-CURRENT
Secured liabilities:
Lease liability 25,302 47,130 67,092
Total non-current borrowings 25,302 47,130 67,092
Leased liabilities are secured by the underlying leased assets.
9. Borrowings
2014 ($) 2013 ($) 2012 ($)
CURRENT
Annual leave 34,055 46,736 -
Long service leave 49,187 36,860 51,643
Total 83,242 83,596 51,643
NON-CURRENT
Long service leave 33,414 44,156 61, 126
Total 33,414 44,156 61,126
10. Employee benefits
60 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
12. Financial risk management
The main risks Christians Against Poverty (Australia) Limited is exposed to through its financial
instruments are credit risk, liquidity risk and market risk consisting of interest rate risk, foreign currency
risk and equity price risk.
The Company’s financial instruments consist mainly of deposits with banks, local money market
instruments, short-term investments, accounts receivable and payable, bank loans and overdrafts, loans
to and from subsidiaries, bills, leases, preference shares, and derivatives.
The totals for each category of financial instruments, measured in accordance with AASB 139 as detailed
in the accounting policies to these financial statements, are as follows:
Fair value estimationFair values are those amounts at which an asset could be exchanged, or a liability settled, between
knowledgeable, willing parties in an arm’s length transaction.
Fair values derived may be based on information that is estimated or subject to judgment, where changes
in assumptions may have a material impact on the amounts estimated. Areas of judgment and the
assumptions have been detailed below. Where possible, valuation information used to calculate fair value
2014 ($) 2013 ($) 2012 ($)Minimum lease payments under non-cancellable operating leases:
- not later than one year 5,304 5,304 5,306
- between one year and five years 12,376 17,680 22,994
Total 17,680 22,984 28,300
An operating lease has been taken out for the photocopier for a period of 5 years.
2014 ($) 2013 ($)
Financial assets
Cash and cash equivalents 361,435 117,248
Total financial assets 361,435 117,248
Financial liabilities
Financial liabilities at amortised cost
- Trade and other payables 52,308 60,570
- Borrowings 54,812 66,689
Total financial liabilities 107,120 127,259
11. Leasing commitments(a) Operating leases
61CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
is extracted from the market, with more reliable information available from markets that are actively
traded. In this regard, fair values for listed securities are obtained from quoted market bid prices. Where
securities are unlisted and no market quotes are available, fair value is obtained using discounted cash
flow analysis and other valuation techniques commonly used by market participants.
13. Members’ guarantee
The Company is incorporated under the Corporations Act 2001 and is a Company limited by guarantee. If
the Company is wound up, the constitution states that each member is required to contribute a maximum
of $10 each towards meeting any outstandings and obligations of the Company.
14. Key management disclosuresThe total remuneration paid to key management personnel of the Company is $442,491 (2013: $334,495).
15. ContingenciesIn the opinion of the Directors, the Company did not have any contingencies at 31 December 2014 (31
December 2013: None).
16. Related partiesTransactions between related parties are on normal commercial terms and conditions no more
favourable than those available to other parties unless otherwise stated. Related party transactions for
fees in respect of travel reimbursements and a public seminar course of which costs were provided by
Holley Nethercote (Paul Derham is a partner) to the amounts of $1,307 which are on normal commercial
terms and conditions.
Key Management Person Position
John Kirkby Director
Ross Buttenshaw Chief Executive Officer
Janelle Hines Corporate Services Director (assigned)
Rosemary Kendall Operations Director
Alison Buttenshaw Church Partnership Director
Amy Lanham Communications Director
George Jose Corporate Services Director (resigned)
Troy Carthew Client Services Director (resigned)
Emma Hawkin Partnership & Communications Manager (resigned)
62 CHRISTIANS AGAINST POVERTY AUSTRALIA | FINANCIAL PERFORMANCE | ANNUAL REPORT 2014
17. Cash flow information(a) Reconciliation of cash
18. Events occurring after the reporting date
The financial report was authorised for issue on by the Board of Directors.
No matters or circumstances have arisen since the end of the financial year which significantly affected
or may significantly affect the operations of the Company, the results of those operations or the state of
affairs of the Company in future financial years.
2014 ($) 2013 ($)
Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the statement of financial position as follows:
Cash and cash equivalents 361,435 117,248
63CHRISTIANS AGAINST POVERTY AUSTRALIA | GLOSSARY OF TERMS | ANNUAL REPORT 2014
CAP AccountActs as a simple bank account for CAP Debt
Centre clients and CAP Money Plus clients
allowing them to make an agreed regular
payment into this account which CAP distributes
on their behalf.
CAP Debt CentreA partner church equipped to offer CAP’s
all-encompassing debt counselling program.
CAP Money CoachA member of a CAP Money Church trained by
CAP to facilitate the CAP Money Course.
CAP Money CourseA basic money education course designed to give
delegates opportunities to learn skills in
budgeting.
CAP Money Plus A basic telephone and email based debt
management service offered to assist people with
unmanageable debt.
CAP Money Youth An extension pack of the CAP Money Course
designed to introduce the concepts of budgeting
to young people of high school age.
CaseworkerQualified staff member based at CAP Head Office
providing ongoing advice and debt negotiations
on behalf of CAP clients.
Client AdvocateQualified staff member based at CAP Head Office
providing ongoing advice and debt negotiations
on behalf of CAP clients.
Centre ManagerA member of a CAP Debt Centre church,
appointed and trained by CAP, to communicate
CAP services and manage a local team of
volunteers to support clients.
Client ActivationThis occurs when a client has received a CAP
produced debt solution, has signed the relevant
paperwork and their CAP Account has been
activated.
Debt CoachA member of a CAP Debt Centre church,
appointed and trained by CAP, to communicate
CAP services under the management of a CAP
Centre Manager.
Head OfficeHeadquarters of CAP Australia based in
Newcastle, NSW.
Support WorkerA member of a CAP Debt Centre church
volunteering time to support clients locally.
Glossary of terms
“... I think I needed that love from them more than the financial help at that point because I was falling apart.”
Kim - CAP Client
66 CHRISTIANS AGAINST POVERTY AUSTRALIA | ANNUAL REPORT 2014
Company secretary
Janelle Hines
Registered office
CAP Australia Head Office
Level 1, 451 Hunter Street
Newcastle NSW 2300
ABN 92 104 471 516
Auditors
Kilpatrick Lake Mackenzie Pty Ltd
Accountants, Business and Financial Advisors
313 Charlestown Road
PO BOX 875
Charlestown NSW 2290
ABN 90 002 223 565
Solicitors
Holley Nethercote Commercial Lawyers
GPO BOX 3045
Melbourne VIC 3001
ABN 30 339 960 335
Bankers
Westpac Banking CorporationShop LG 8020 Charlestown Square Charlestown NSW 2290ABN 33 007 457 141
67CHRISTIANS AGAINST POVERTY AUSTRALIA | ANNUAL REPORT 2014
Speak up
Speak up
”
for those who cannot speak for themselves,for the rights of all who are destitute.
and judge fairly; defend the rights of the poor and needy.
Proverbs 31:8-9 (NIV)
“
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