ALL TOGETHER NOW

Audited Financial Report For the year ended 30thJune 2017

Postal address: PO Box 551, Broadway NSW 200 Phone: 1300 66 00 02

Email: info@alltogethernow.org.au Website: http://www.alltogethernow.org.au

ALL TOGETHER NOW

Contents

Page

ResponsibleEntities’Report 1-2

StatementofProfitorLossandOtherComprehensiveIncome 3

StatementofFinancialPosition 4

StatementofChangesinEquity 5

StatementofCashFlows 6

NotestotheFinancialStatements 7-13

ResponsibleEntities’Declaration 14

IndependentAuditReport 15-16

ALL TOGETHER NOW

Responsible Entities’ Report

1|P a g e

The Responsible Entities of All Together Now present their Report together with the financialstatementsfortheyearended30June2017andtheIndependentAuditReportthereon.ResponsibleEntitiesdetailsThe following personswere Responsible Entities of All Together Now during or since the end of thefinancialyear.PriscillaBriceFounderandManagingDirectorDirectorsince2010Priscillahasadecadeofexperiencemanagingsocialmarketingandsocialchangeprojects,specialisinginonline communications. She is currently studying for anMBA (Executive) at University of New SouthWales,completedaGraduateCertificateinSocialImpactin2011andtheSydneyLeadershipProgramin2008. Priscilla was recently awarded a Churchill Fellowship that enabled her to visit, investigate andlearn from anti-racismNGOs in Europe andNorth America during 2014. Priscillawas also awarded aUniversity of Western Sydney Community Award in 2013 for establishing the award-winning OneParramattaprojectandAllTogetherNowmorebroadly.NataliaVukolovaDirectorDirectorsince2016NataliaVukolovahasoveradecadeofleadershipexperienceinthenot-for-profitandpublicsector.YinParadiesDirectorandMemberoftheManagementCommitteeDirectorsince2010Dr. YinParadies is anAssociateProfessoratDeakinUniversity.He is an internationalexpert in social,economic and health impacts of racism, as well as anti-racism theory, policy and practice and hasworkedinthisfieldforadecade.Thefollowingperson(s)resignedduringthefinancialyear.KylieO’Reilly(Director)resignedon14thJuly2016PrincipalactivitiesTheprincipalactivitiesofthecompanyduringtheyearwerecreatingandrunninginnovativeevidence-basededucationprojectstopromoteracialequalityandtoeraseracisminAustralia.Therehavebeennosignificantchangesinthenatureoftheseactivitiesduringtheyear.ContributioninwindingupThecompanyisincorporatedundertheCorporationsAct2001andisacompanylimitedbyguarantee.Ifthe company is wound up, the constitution states that each member is required to contribute amaximumof$10eachtowardsmeetinganyoutstandingobligationsoftheentity.

ALL TOGETHER NOW

Responsible Entities’ Report

2|P a g e

SignedinaccordancewitharesolutionoftheResponsibleEntities.PriscillaBriceManagingDirector25September2017

ALL TOGETHER NOW

StatementofProfitorLossandOtherComprehensiveIncomeFortheyearended30thJune2017

3|P a g e

Note 2017 2016

$ $

Revenue 2 260,549 96,002Employeeexpenses 3.1 (132,837) (18,561)Allotherexpenses 3.2 (81,883) (85,769)Surplus/(deficit)

45,829 (8,328)

Othercomprehensiveincome

- -

Surplus/(deficit)fortheyear

45,829 (8,328)

ALL TOGETHER NOW

StatementofFinancialPositionasat30thJune2017

4|P a g e

Note 2017 2016

$ $

Assets

CurrentAssets

Cashandcashequivalents 4 145,460 291,027Prepayments 5 1,008 2,689TotalCurrentAssets

146,468 293,716

TotalAssets

146,468 293,716

Liabilities

CurrentLiabilities

Payables 6 7,818 4,478Currenttaxliabilities 7 5,351 18,825Provisions 8 4,557 -Deferredincome 9 22,197 209,697TotalCurrentLiabilities

39,923 233,000

TotalLiabilities

39,923 233,000

NetAssets

106,545 60,716

AccumulatedFunds

Accumulatedsurplus(deficit)

106,545 60,716

AccumulatedFundsattheendoftheyear

106,545 60,716

ALL TOGETHER NOW

StatementofChangesinEquityFortheyearended30thJune2017

5|P a g e

AccumulatedFunds

Balanceat01stJuly2015 69,044 Surplus/(deficit)afterincometaxfortheyear (8,328) Balanceat30thJune2016 60,716 Surplus/(deficit)afterincometaxfortheyear 45,829 Balanceat30thJune2017 106,545

ALL TOGETHER NOW

StatementofCashFlowsFortheyearended30thJune2017

6|P a g e

Note 2017 2016

$ $

CashFlowFromOperatingActivities

CashreceivedfromGrants,Donationsandotherfundraisingactivities(includingGST)

75,413 324,366

Paymentstosuppliersandemployees(includingGST)

(222,272) (107,627)Interestreceived

1,292 656

Netcashprovidedby(usedin)operatingactivities 10 (145,567) 217,395

Netincrease(decrease)incashheld

(145,567) 217,395Cashatthebeginningoftheyear

291,027 73,632

Cashattheendoftheyear

145,460 291,027

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

7|P a g e

1.GeneralinformationandstatementofcomplianceAll Together Now is an Australian public company, limited by guarantee incorporated under theCorporationsAct 2001 and is a charity registeredwith theAustralianCharities andNot-for-profitsCommissionundertheAustralianCharitiesandNot-for-profitsCommission(ACNC)Act2012.Thefinancialstatementshavebeenpreparedonthebasisthatthecompanyisnotareportingentitybecauseit isasmallregisteredentityfortheyearundersection205.25oftheACNCAct2012.ThefinancialstatementsarethereforespecialpurposefinancialstatementsthathavebeenpreparedinordertosatisfythefinancialreportingrequirementsoftheACNCAct2012andtomeettheneedsofthemembers.These financial statements have been prepared in accordance with the recognition andmeasurement requirements specified by the Australian Accounting Standards and Interpretationsand the disclosure requirements of AASB 101 Presentation of Financial Statements, AASB 107StatementofCashFlows,AASB108AccountingPolicies,ChangesinAccountingEstimatesandErrors,andAASB1054AustralianAdditionalDisclosures.All Together Now is a not-for-profit entity for financial reporting purposes under AustralianAccountingStandards.Thefinancialstatementsfortheyearended30June2017wereapprovedandauthorisedforissuebytheBoardofResponsibleEntitieson25September2017.

1.1 Basisofpreparation

Thefinancialstatements,exceptforcashflowinformation,havebeenpreparedonanaccrualsbasisandarebasedonhistoricalcostsmodifiedbytherevaluationofselectednon-currentassets(whereapplicable),andfinancialassetsandliabilitiesforwhichthefairvaluebasisofaccountinghasbeenapplied.1.2NewandamendedstandardsadoptedbythecompanyThe company has adopted all the amendments to Australian Accounting Standards issued by theAustralianAccountingStandardsBoardthatarerelevanttoitsoperationsandeffectiveasof01July2016.Noneoftheamendmentshavehadasignificantimpactonthecompany.1.3IssuedstandardsandinterpretationsnotearlyadoptedAustralianAccountingStandardsandInterpretationsthathaverecentlybeenissuedoramendedbutarenotyeteffectivehavenotbeenadoptedbythecompanyfortheannualreportingperiodended30June2017,unlessotherwisestated.1.4Accountingestimatesandjudgements Thepreparationof the financial report requiresmanagement tomake judgements,estimates,andassumptionsthataffecttheapplicationofpoliciesandreportedamountsofassets,liabilities,incomeand expenses. The estimates and associated assumptions are basedonhistorical experience andvarious other factors that are believed to be reasonable under the circumstances, the results ofwhichformthebasisofmakingjudgementsaboutcarryingvaluesofassetsandliabilitiesthatarenot

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

8|P a g e

readilyapparentfromothersources.Actualresultsmaybesubstantiallydifferent.Inpreparingthefinancial report, the significant judgements made by management in applying the company’saccounting policies and the key sources of estimation uncertainty were the same as those thatappliedtothefinancialreportforthepreviousfinancialyear.1.5SignificantaccountingpoliciesThe following is a summary of the material accounting policies adopted by the company in thepreparationofthefinancialreport.Exceptforchanges inaccountingpoliciesdiscussed inNote10,theaccountingpolicieshavebeenconsistentlyappliedbythecompany.(a)RevenueRevenuecomprisesrevenuefromgovernmentgrants,donations,fundraisingactivities,interestandothermiscellaneousitems.RevenuefrommajorproductsandservicesisshowninNote2.Revenue ismeasuredby reference to the fairvalueofconsiderationreceivedor receivableby thecompanyforthegoodssuppliedandservicesprovided,excludingGoodsandServicesTax,rebates,anddiscounts.Revenueisrecognisedwhentheamountofrevenuecanbemeasuredreliably,collectionisprobable,thecostsincurredortobeincurredcanbemeasuredreliably,andwhenthecriteriaforeachofthecompany’sdifferentactivitieshavebeenmet.Detailsoftheactivity-specificrecognitioncriteriaaredescribedbelow.GrantsAnumberofthecompany’sprogramsaresupportedbygrantsreceivedfromthefederal,stateandlocalgovernmentsandothergrantors.Ifconditionsareattachedtoagrantwhichmustbesatisfiedbeforethecompanyiseligibletoreceivethecontribution,recognitionofthegrantasrevenueisdeferreduntilthoseconditionsaresatisfied.Whereagrantisreceivedontheconditionthatspecifiedservicesaredelivered,tothegrantor,thisisconsidereda reciprocal transaction.Revenue is recognisedas servicesareperformedandat year-enduntiltheserviceisdelivered.Revenue from a non-reciprocal grant that is not subject to conditions is recognised when thecompany obtains control of the funds, economic benefits are probable and the amount can bemeasuredreliably.Whereagrantmayberequiredtoberepaidifcertainconditionsarenotsatisfied,aliabilityisrecognisedatyearendtotheextentthatconditionsremainunsatisfied.Wherethecompanyreceivesanon-reciprocalcontributionofanassetfromagovernmentorotherparty for no or nominal consideration, the asset is recognised at fair value and a correspondingamountofrevenueisrecognised.Donations,bequests,andincomefromfundraisingactivitiesMonies received from fundraising activities anddonations collected, including cash and goods forresale,arerecognisedasrevenuewhenthecompanygainscontrol,economicbenefitsareprobableandtheamountscanbemeasuredreliably.InterestandotherincomeInterestandotherincomearerecognisedwhenreceivedorreceivable.

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

9|P a g e

(b)OperatingexpensesOperatingexpensesarerecognisedinprofitorlossuponutilisationoftheserviceoratthedateoftheirorigin.(c)IncometaxNoprovisionforincometaxhasbeenraisedfortheyearasthecompanyisexemptfromincometaxunderDivision50oftheIncomeTaxAssessmentAct1997.(d)CashandcashequivalentsCashandcashequivalentscomprisecashonhandanddemanddeposits,togetherwithothershort-term,highly liquidinvestmentsthatarereadilyconvertibleintoknownamountsofcashandwhicharesubjecttoaninsignificantriskofchangesinvalue.(e)EmployeebenefitsProvision is made for the liability for employee entitlements arising from services rendered byemployees to balance date. Employee entitlements expected to be settled within one year havebeenmeasuredattheamountexpectedtobepaidwhentheliabilityissettled,plusrelatedon-costs.Employeeentitlementspayablelaterthanoneyearhavebeenmeasuredatthepresentvalueoftheestimatedfuturecashoutflowstobemadeforthoseentitlements.(f)Provisions,contingentliabilitiesandcontingentassetsProvisions are recognizedwhen the companyhas a legal or constructive obligation, as a result ofpastevents, forwhich it isprobable that theoutflowofeconomicbenefitwill result and that theoutflowcanbemeasuredreliably.Noliabilityisrecognisedifanoutflowofeconomicresourcesasaresultofpresentobligationisnotprobable. Such situations are disclosed as contingent liabilities unless the outflow of resources isremoteinwhichcasenoliabilityisrecognised.(g)AccountpayablesPayablesare recognised for theamounts tobepaid in the future forgoodsandservices received,whetherornotbilledtothecompany.(h)DeferredincomeTheliabilityfordeferredincomeistheunutilisedamountsofgrantsreceivedontheconditionthatspecifiedservicesaredeliveredorconditionsare fulfilled.Theservicesareusuallyprovidedor theconditions usually fulfilledwithin twelve (12)months of receipt of the grant.Where the amountreceivedisinrespectofservicestobeprovidedoveraperiodthatexceedstwelve(12)monthsafterthereportingdateor theconditionswillonlybesatisfiedmore thantwelve (12)monthsafter thereportingdate,theliabilityisdiscountedandpresentedasnon-current.

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

10|P a g e

(i)GoodsandServicesTax(GST)Revenues,expenses,andassetsarerecognisednetoftheamountofGST,exceptwheretheamountofGST incurredisnotrecoverablefromtheAustralianTaxationOffice. Inthesecircumstances,theGSTisrecognisedaspartofthecostofacquisitionoftheassetoraspartofanitemoftheexpense.ReceivablesandpayablesinthestatementoffinancialpositionareshowninclusiveofGST.Cash flows are presented in the statement of cash flows on a gross basis, except for the GSTcomponentsofinvestingandfinancingactivities,whicharedisclosedasoperatingcashflows.(j)EconomicdependenceThe company is dependent upon the ongoing receipt of government grants, community andcorporatedonationstoensuretheongoingcontinuanceofitsprograms.Atthedateofthisreport,managementhasnoreasontobelievethatthisfinancialsupportwillnotcontinue.(k)ComparativefiguresWhere requiredbyAccountingStandardscomparative figureshavebeenadjustedwithchanges inpresentationforthecurrentfinancialyear. 2.Revenue

2017 2016

$ $

Revenue:

Governmentgrants 187,500 33,350Taxdeductibledonations 39,169 34,932Otherdonations 27,445 22,483Interestreceived 1,292 656Sales–eventtickets&others 4,629 -Miscellaneousincome 514 4,581Totalrevenue 260,549 96,002

3.Expenses

3.1Employeeexpenses

2017 2016

$ $

Wages 117,151 16,951Superannuation 11,129 1,610Leaveentitlements 4,557 -Totalemployeeexpenses 132,837 18,561

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

11|P a g e

3.2Allotherexpenses

2017 2016

$ $

Auditfee 3,000 3,000Accountingfee 5,158 3,397Advertising 1,784 1,251Campaignproduction 25,061 47,315Rent 18,180 18,180Research 13,599 -Otheroperatingandadministrationexpenses 15,101 12,626Totalotherexpenses 81,883 85,769

4.Cashandcashequivalents

2017 2016

$ $

Cashonhand 132 32Cashatbank 145,328 290,995Totalcashandcashequivalents 145,460 291,027

5.Prepayments

2017 2016

$ $

Unexpiredinsurancepremium 1,008 2,689Totalprepayments 1,008 2,689

6.Payables

2017 2016

$ $

Payabletosuppliers - 10Accruedaccountingandauditfees 4,781 4,126Superannuationpayable 3,037 342Totalpayables 7,818 4,478

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

12|P a g e

7.Taxliabilities

2017 2016

$ $

GSTpayable(refundable) (127) 18,825PAYGwithheldfromwages 5,478 -

5,351 18,825

8.Provisions

2017 2016

$ $

Provisionforannualleave 4,557 -

4,557 -

9.Deferredincome

2017 2016

$ $

Governmentgrants 22,197 209,697

22,197 209,697

10.ReconciliationofProfitorLossfortheyeartonetcashfromoperatingactivities

2017 2016

$ $

Surplus/(deficit)fortheyear 45,829 (8,328)Adjustmentstoreconciletocashprovidedbyoperations

Changesinworkingcapitalitems:

Prepayments 1,681 77Tradecreditors (10) 10Otherpayables&provisions 7,907 1,468Deferredincome (187,500) 204,620Taxliabilities (13,474) 19,548

Netcashfromoperatingactivities (145,567) 217,395

ALL TOGETHER NOW

NotestotheFinancialStatementsFortheyearended30thJune2017

13|P a g e

11.Auditor’sremuneration

2017 2016 $ $Remunerationoftheauditorforauditingthefinancialstatements 3,000 3,000Totalauditor’sremuneration 3,000 3,000

12.Relatedparties

Therewerenotransactionsconductedwithrelatedpartiesduringthefinancialyear.

13.Contingentassetsandcontingentliabilities

Thecompanyhasneithercontingentassetsnorcontingentliabilities.

14.Eventssubsequenttoreportingdate

TherewerenomaterialpostbalanceeventswhichwouldaffectthefinancialpositionofAllTogetherNow.

ALL TOGETHER NOW

14|P a g e

ResponsibleEntities’Declaration

IntheopinionoftheResponsibleEntitiesofAllTogetherNow:

1. The financial statementsandnotes to the financial statementsofAll TogetherNoware inaccordancewiththeAustralianCharitiesandNot-for-profitsCommissionAct2012,including:

(a) Givingatrueandfairviewof its financialpositionasat30June2017andof itsperformanceforthefinancialyearendedonthatdate;and

(b) Complying with the Australian Accounting Standards outlined in Note 1 to thefinancialstatementsandtheAustralianCharitiesandNot-for-profitsCommissionAct2012;and

2. Atthedateofthisstatement,therearereasonablegroundstobelievethatAllTogetherNowwillbeabletopayitsdebtsasandwhentheybecomedueandpayable.

SignedinaccordancewitharesolutionoftheResponsibleEntities

Priscilla Brice ManagingDirector25September2017

ALL TOGETHER NOW

15|P a g e

IndependentAuditor’sReport

TothemembersofAllTogetherNowWehaveauditedtheaccompanyingfinancialreport,beingaspecialpurposefinancialreport,ofAllTogetherNow (the company),which comprises the statementof financialpositionasat30th June2017, the statement of profit or loss and other comprehensive income, statement of changes inequityandthestatementofcashflowsfortheyearthenended,asummaryofsignificantaccountingpolicies,otherexplanatorynotestotheaccounts.

Board’sResponsibilityfortheFinancialReportTheBoardof thecompany is responsible for thepreparationand fairpresentationof the financialreport and have determined that the accounting policies described in Note 1 to the financialstatements, which form part of the financial report, are consistent with the financial reportingrequirements of the Australian Charities and Not-for-profits Commission Act 2012 and areappropriatetomeettheneedsofthemembers.TheBoard’sresponsibilitiesalsoincludeestablishingandmaintaining internal control relevant to the preparation and fair presentation of the financialreportthatisfreefrommaterialmisstatement,whetherduetofraudorerror;selectingandapplyingappropriate accounting policies; and making accounting estimates that are reasonable in thecircumstances.Auditor’sResponsibilityOurresponsibilityistoexpressanopiniononthefinancialreportbasedonouraudit.Noopinionisexpressed as towhether the accounting policies used, as described inNote 1, are appropriate tomeettheneedsofthemembers.WeconductedourauditinaccordancewithAustralianAuditingStandards.TheseAuditingStandardsrequirethatwecomplywithrelevantethicalrequirementsrelatingtoauditengagementsandplanand perform the audit to obtain reasonable assurance whether the financial report is free frommaterialmisstatement.An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial report. The procedures selected depend on the auditor’s judgment,includingtheassessmentoftherisksofmaterialmisstatementofthefinancialreport,whetherduetofraudorerror.Inmakingthoseriskassessments,theauditorconsidersinternalcontrolrelevanttothe entity’s preparation and fair presentation of the financial report in order to design auditproceduresthatareappropriateinthecircumstances,butnotthepurposeofexpressinganopinionon the effectiveness of the entity’s internal control. An audit also includes evaluation theappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesbytheBoard,aswellasevaluatingtheoverallpresentationofthefinancialreport.

ALL TOGETHER NOW

16 | P a g e

The financial report has been prepared for distribution to members for the purpose of fulfilling the Board’s financial reporting under the Australian Charities and Not-for-profits Commission Act 2012. We disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members, or for any purpose other than that for which it was prepared.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence

In conducting our audit, we have complied with the independence requirements of Australian professional ethical pronouncements.

Qualification

As is common for organisations of this type, it is not practical for the company to maintain an effective system of internal control to measure the completeness and accuracy of receipts of cash donations (if any) and other fund raising activities until their initial entry in the accounting records. Accordingly, our audit in relation to income and expenses was limited to amounts recorded. Auditor’s Opinion

In our opinion, except for the effects on the financial report of any such adjustments, if any, as might have been required had the limitation on our audit procedures referred to in the qualification paragraph not existed; the financial report of All Together Now is in accordance with the Australian Charities and Not-for-profits Commission Act 2012 including:

1. Giving a true and fair view of the company’s financial position as at 30th June 2017 and of its performance for the year ended on that date: and

2. Complying with Australian Accounting Standards, the Australian Charities and Not-for-profits Commission Act 2012 as disclosed in Note 1.

Horwood Partners Sydney Simon Chhoeu, FCPA Date: 25 September 2017