Financial Report
2024-25
Financial Report
2024–2025
Australian Centre for
Grief and Bereavement
ACN 159 297 444
Australian Centre for Grief and Bereavement
Director's Report
30 June 2025
1
The directors present their report, together with the financial statements, on the company for the year ended 30 June 2025.
Directors
Mr. Robert Law
From 17 November 2020
Mrs. Mandy Pengilly
From 30 November 2021
Mr. Rajkumar Mathiravedu
From 30 November 2021
Ms Heather Watson
From 21 November 2023
Mr. Trent Danaher
From 21 November 2023
Ms. Ella McDougall
From 30 November 2021
Dr. Philip Bachelor
From 18 December 2018
Dr. Jane Mowll
From 26 November 2024
Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.
Principal Activities
The principal activities of the company during the financial year were to provide services for bereaved persons and a range of
education and training programs.
The Company's short and long-term objectives are:
To develop and provide a range of specialist interventions and innovative education services, informed by evidence-based
practice, for grieving people who are at risk of adverse outcomes;
To provide grief education and a range of consultancy services to develop and enhance the capacity of individuals,
organisations and communities to deal effectively with loss;
To provide grief and bereavement counselling training and supervision through the placement of practitioners within ACGB’s
Counselling and Support Services and other settings as deemed appropriate;
To build the capacity of the universal health services to provide bereavement supports and responses;
To provide advocacy and representation on grief and bereavement issues in order to inform policy development, raise
community awareness and support universal access to mainstream grief and bereavement services;
To undertake research, program evaluation, public policy development and the production of evidence-based publications
and resources to enhance grief and bereavement knowledge and practice;
To maintain cooperative links with relevant state, national and international groups and organisations in relation to grief
and bereavement;
To promote, develop and monitor competence in bereavement practice; and
To collect and raise funds for the promotion of the preceding purposes and objectives of the ACGB.
To achieve these objectives, the Company has adopted the following strategies:
ACGB strives to attract and retain quality staff and volunteers who are committed to working with bereaved persons.
Staff and volunteers work in partnership with a range of community stakeholders who continue to support ACGB’s projects
and initiatives.
Staff and volunteers are committed to creating new programs while maintaining existing programs in support of the bereaved.
ACGB’s staff and volunteers strive to meet consistent standards of best practice and provide clear expectations of professional
accountabilities and responsibilities to all stakeholders. This is evidenced by the revision of policies at all levels and the
performance of staff and volunteers being assessed, based on these accountabilities.
Australian Centre for Grief and Bereavement
Director's Report
30 June 2025
2
Information on directors
Mr. Robert Law: Director and Board Chair
Qualifications: BA (Hons), MA (StratStudies), MDipl (Hons), GAIC
Experience: Director since 2020
Mrs. Mandy Pengilly: Director
Qualifications: GradCert(Careers), MAICD
Experience: Director since 2021
Mr. Rajkumar Mathiravedu: Director and Secretary
Qualifications: Harvard Business Analytics, MBA (Strategic Management),
MS (Mechanical Engineering), BEng (Mech), GAICD
Experience: Director since 2021
Ms. Heather Watson: Director
Qualifications: BAppSc(Hons), MBA (Cum Laude), GAICD
Experience: Director since 2023
Mr. Trent Danaher: Director
Qualifications: BAppSc (ClinSc), BOsteoSc, Grad Cert PIM, MBA, MAICD
Experience: Director since 2023
Dr. Philip Bachelor OAM: Director
Qualifications: BAppSc GCPsych MBA PhD FIML FAICD
Experience: Director since 2018
Ms. Ella McDougall: Director
Qualifications: BA, BSc (HealthSci), LLB/LP, MBA, FGIA, MAICD
Experience: Director since 2021
Dr. Jane Mowll Director
Qualifications: BSW (Hons) PhD
Experience: Director since 2024
Australian Centre for Grief and Bereavement
Director's Report
30 June 2025
3
Meetings of directors
The number of meetings of the company's Board of Directors ('the Board') held during the year ended 30 June 2025, and the
number of meetings attended by each director were:
Number eligible
to attend
Number
Attended
Mr. Robert Law
8
8
Mrs. Mandy Pengilly
8
5
Mr. Rajkumar Mathiravedu
8
6
Ms. Heather Watson
8
6
Mr. Trent Danaher
8
7
Ms. Ella McDougall
8
3
Dr. Philip Bachelor
8
8
Dr. Jane Mowll
6
6
Mandy Pengilly granted extended leave beginning 19 May 2025.
Members Guarantee
In the event of the company being wound up, ordinary members are required to contribute a maximum of $1 each towards
meeting any outstanding obligations of the entity. At 30 June 2025, the total amount that members of the Company are liable
to contribute if the Company wound up is $364 (2024: $355)
Auditor's independence declaration
A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out
immediately after this directors' report.
This report is made in accordance with a resolution of directors..
On behalf of the directors
26 August 2025
Level 20, 181 William Street, Melbourne VIC 3000
+61 3 9824 8555
vic.info@williambuck.com
williambuck.com.au
William Buck is an association of firms, each trading under the name of William Buck
across Australia and New Zealand with affiliated offices worldwide.
Liability limited by a scheme approved under Professional Standards Legislation.
Auditor’s Independence Declaration under Section 60-40 of the
Australian Charities and Not-for-profits Commission Act 2012
To the Board of Australian Centre for Grief and Bereavement
As auditor for the audit of Australian Centre for Grief and Bereavement for the year ended 30 June 2025, I
declare that, to the best of my knowledge and belief, there have been:
— no contraventions of the auditor independence requirements as set out in the Australian Charities and
Not-for-profits Commission Act 2012 in relation to the audit; and
— no contraventions of any applicable code of professional conduct in relation to the audit.
This declaration is in respect of Australian Centre for Grief and Bereavement during the period.
William Buck Audit (Vic) Pty Ltd
ABN 59 116 151 136
C. L. Sweeney
Director
Melbourne, 27 August 2025
Australian Centre for Grief and Bereavement
Contents
30 June 2025
5
Statement of profit or loss and other comprehensive income
6
Statement of financial position
7
Statement of changes in equity
8
Statement of cash flows
9
Notes to the financial statements
10
Directors' declaration
18
Independent auditor's report to the members of Australian Centre for Grief and Bereavement
19
General information
The financial statements cover Australian Centre for Grief and Bereavement as an individual entity. The financial statements
are presented in Australian dollars, which is Australian Centre for Grief and Bereavement’s functional and presentation
currency.
The registered office and principal place of business is:
253-269 Wellington Road
Mulgrave VIC 3170
Grief Australia is a not-for-profit unlisted public company limited by guarantee, incorporated and domiciled in Australia. Its
registered office and principal place of business is:
253-269 Wellington Road
Mulgrave VIC 3170
A description of the nature of the company’s operations and its principal activities are included in the directors’ report, which
is not part of the financial statements.
The financial statements were authorised for issue, in accordance with a resolution of directors, on 26 August 2025. The
directors have the power to amend and reissue the financial statements.
Australian Centre for Grief and Bereavement
Statement of profit or loss and other comprehensive income
For the year ended 30 June 2025
2025
2024
$
$
The above statement of profit or loss and other comprehensive income should be read in conjunction with the
accompanying notes
6
Revenue
Government funding
2,251,308
2,312,184
Subscription income
59,006
61,125
Seminar, workshop & training income
155,403
166,213
Interest income
118,742
81,045
Other income
37,520
38,173
Conference income
64,708
-
Donations
225,000
-
2,911,687
2,658,740
Expenses
Conference expenses
(59,671)
-
Education expenses
(133,517)
(297,101)
Administration, governance and communications expenses
(897,718)
(753,413)
Finance costs
(1,426)
(2,936)
Depreciation and amortisation expenses
(70,982)
(227,149)
Employee benefits expenses
(1,760,353)
(1,796,864)
Counselling support expenses
(53,547)
(86,162)
Deficit for the year
(65,527)
(504,885)
Other comprehensive income for the year
-
-
Total comprehensive income for the year
(65,527)
(504,885)
Australian Centre for Grief and Bereavement
Statement of financial position
As at 30 June 2025
Note
2025
2024
$
$
The above statement of financial position should be read in conjunction with the accompanying notes
7
Assets
Current assets
Cash and cash equivalents
3
2,969,078
3,253,501
Trade and other receivables
4
59,437
34,941
Inventories
14,281
15,010
Other
119,200
100,572
Total current assets
3,161,996
3,404,024
Non-current assets
Property, plant and equipment
6
100,505
95,582
Intangibles
7
135,134
52,259
Right of use asset
5
-
10,039
Total non-current assets
235,639
157,880
Total assets
3,397,635
3,561,904
Liabilities
Current liabilities
Trade and other payables
8
79,895
161,426
Employee benefits
9
287,197
292,132
Lease liability
10
-
15,255
Unearned income
11
65,673
62,610
Total current liabilities
432,765
531,423
Non-current liabilities
Employee benefits
9
40,023
40,107
Total non-current liabilities
40,023
40,107
Total liabilities
472,788
571,530
Net assets
2,924,847
2,990,374
Equity
Reserves
12
911,208
911,208
Retained surpluses
2,013,639
2,079,166
Total equity
2,924,847
2,990,374
Australian Centre for Grief and Bereavement
Statement of changes in equity
For the year ended 30 June 2025
The above statement of changes in equity should be read in conjunction with the accompanying notes
8
Retained
Total equity
Reserves
profits
$
$
$
Balance at 1 July 2023
1,438,312
2,056,947
3,495,259
Deficit for the year
-
(504,885)
(504,885)
Other comprehensive income for the year
-
-
-
Total comprehensive income for the year
-
(504,885)
(504,885)
Transfer to/from Retained Earnings
(527,104)
527,104
-
Balance at 30 June 2024
911,208
2,079,166
2,990,374
Retained
Total equity
Reserves
profits
$
$
$
Balance at 1 July 2024
911,208
2,079,166
2,990,374
Deficit for the year
-
(65,527)
(65,527)
Other comprehensive income for the year
-
-
-
Total comprehensive income for the year
-
(65,527)
(65,527)
Balance at 30 June 2025
911,208
2,013,639
2,924,847
Australian Centre for Grief and Bereavement
Statement of cash flows
For the year ended 30 June 2025
Note
2025
2024
$
$
The above statement of cash flows should be read in conjunction with the accompanying notes
9
Cash flows from operating activities
Receipts from customers (inclusive of GST)
2,771,512
2,584,958
Payments to suppliers and employees (inclusive of GST)
(2,979,074)
(2,839,886)
(207,562)
(254,928)
Interest received
90,187
81,045
Net cash used in operating activities
(117,375)
(173,883)
Cash flows from investing activities
Payments for property, plant and equipment
6
(68,880)
(2,643)
Payments for intangibles
7
(104,460)
-
Proceeds from disposal of property, plant and equipment
22,973
-
Net cash used in investing activities
(150,367)
(2,643)
Cash flows from financing activities
Repayment of lease liabilities
(16,681)
(199,562)
Net cash used in financing activities
(16,681)
(199,562)
Net decrease in cash and cash equivalents
(284,423)
(376,088)
Cash and cash equivalents at the beginning of the financial year
3,253,501
3,629,589
Cash and cash equivalents at the end of the financial year
3
2,969,078
3,253,501
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
10
Note 1. Material accounting policy information
The accounting policies that are material to the company are set out below. The accounting policies adopted are consistent
with those of the previous financial year, unless otherwise stated.
New or amended Accounting Standards and Interpretations adopted
The company has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian
Accounting Standards Board (‘AASB’) that are mandatory for the current reporting period.
Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.
Basis of preparation
These general purpose financial statements have been prepared in accordance with the Australian Accounting Standards –
Simplified Disclosures issued by the Australian Accounting Standards Board (‘AASB’), the Australian Charities and Not-for-
profits Commission Act 2012 and associated regulations and the Corporations Act 2001, as appropriate for not-for profit
oriented entities.
Historical cost convention
The financial statements have been prepared under the historical cost convention.
Critical accounting estimates
The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires
management to exercise its judgement in the process of applying the company’s accounting policies. The areas involving a
higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial
statements, are disclosed in note 2.
Revenue recognition
The company recognises revenue as follows:
Revenue from contracts with customers
Revenue is recognised at an amount that reflects the consideration to which the company is expected to be entitled in
exchange for transferring goods or services to a customer. For each contract with a customer, the company: identifies the
contract with a customer; identifies the performance obligations in the contract; determines the transaction price which takes
into account estimates of variable consideration and the time value of money; allocates the transaction price to the separate
performance obligations on the basis of the relative stand-alone selling price of each distinct good or service to be delivered;
and recognises revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the
customer of the goods or services promised.
Variable consideration within the transaction price, if any, reflects concessions provided to the customer such as discounts,
rebates and refunds, any potential bonuses receivable from the customer and any other contingent events. Such estimates
are determined using either the ‘expected value’ or ‘most likely amount’ method. The measurement of variable consideration
is subject to a constraining principle whereby revenue will only be recognised to the extent that it is highly probable that a
significant reversal in the amount of cumulative revenue recognised will not occur. The measurement constraint continues
until the uncertainty associated with the variable consideration is subsequently resolved. Amounts received that are subject
to the constraining principle are recognised as a refund liability.
Sale of goods
Revenue from the sale of goods is recognised at the point in time when the customer obtains control of the goods, which is
generally at the time of delivery.
Rendering of services
Revenue from a contract to provide services is recognised over time as the services are rendered based on either a fixed
price or an hourly rate.
Interest
Interest revenue is recognised as interest accrues using the effective interest method. This is a method of calculating the
amortised cost of a financial asset and allocating the interest income over the relevant period using the effective interest rate,
which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to the
net carrying amount of the financial asset.
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
Note 1. Material accounting policy information (continued)
11
Other revenue
Other revenue is recognised when it is received or when the right to receive payment is established.
Income tax
As the company is a charitable institution in terms of subsection 50-5 of the Income Tax Assessment Act 1997, as amended,
it is exempt from paying income tax.
Current and non-current classification
Assets and liabilities are presented in the statement of financial position based on current and non-current classification.
An asset is classified as current when: it is either expected to be realised or intended to be sold or consumed in the company’s
normal operating cycle; it is held primarily for the purpose of trading; it is expected to be realised within 12 months after the
reporting period; or the asset is cash or cash equivalent unless restricted from being exchanged or used to settle a liability for
at least 12 months after the reporting period. All other assets are classified as non-current.
A liability is classified as current when: it is either expected to be settled in the company’s normal operating cycle; it is held
primarily for the purpose of trading; it is due to be settled within 12 months after the reporting period; or there is no right at the
end of the reporting period to defer the settlement of the liability for at least 12 months after the reporting period. All other
liabilities are classified as non-current.
Cash and cash equivalents
Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly
liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and
which are subject to an insignificant risk of changes in value.
Trade and other receivables
Trade receivables are initially recognised at fair value and subsequently measured at amortised cost using the effective
interest method, less any allowance for expected credit losses. Trade receivables are generally due for settlement within 30
days.
The company has applied the simplified approach to measuring expected credit losses, which uses a lifetime expected loss
allowance. To measure the expected credit losses, trade receivables have been grouped based on days overdue.
Inventories
Stock on hand is stated at the lower of cost and net realisable value. Cost comprises of purchase and delivery costs, net of
rebates and discounts received or receivable.
Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs of completion
and the estimated costs necessary to make the sale.
Plant and equipment
Plant and equipment is stated at historical cost less accumulated depreciation and impairment. Historical cost includes
expenditure that is directly attributable to the acquisition of the items.
Depreciation is calculated on a straight-line basis to write off the net cost of each item of property, plant and equipment
(excluding land) over their expected useful lives as follows:
Office Furniture and Equipment
5-20%
Motor Vehicles
12.5%
Leasehold Improvements
14.3%
The residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, at each reporting date.
Leasehold improvements are depreciated over the unexpired period of the lease or the estimated useful life of the assets,
whichever is shorter.
An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the
company. Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss.
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
Note 1. Material accounting policy information (continued)
12
Intangible assets
Research and development
Research costs are expensed in the period in which they are incurred. Development costs are capitalised when it is probable
that the project will be a success considering its commercial and technical feasibility; the company is able to use or sell the
asset; the company has sufficient resources and intent to complete the development; and its costs can be measured reliably.
Capitalised development costs are amortised on a straight-line basis over the period of their expected benefit, being their finite
life of 10 years.
Software Development
Software development costs are capitalised when incurred. Where development costs have a finite life, they will be amortised
on a systematic basis to match to the future economic benefits and the useful life of the software. Where the development
costs have an infinite life the costs are tested for impairment on an annual basis.
Impairment of non-financial assets
Non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying
amount may not be recoverable. An impairment loss is recognised for the amount by which the asset’s carrying amount
exceeds its recoverable amount.
Recoverable amount is the higher of an asset’s fair value less costs of disposal and value-in-use. The value-in-use is the
present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or
cash-generating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to
form a cash-generating unit.
Trade and other payables
These amounts represent liabilities for goods and services provided to the company prior to the end of the financial year and
which are unpaid. Due to their short-term nature they are measured at amortised cost and are not discounted. The amounts
are unsecured and are usually paid within 30 days of recognition.
Employee benefits
Short-term employee benefits
Liabilities for wages and salaries, including non-monetary benefits, annual leave and long service leave expected to be settled
wholly within 12 months of the reporting date are measured at the amounts expected to be paid when the liabilities are settled.
Other long-term employee benefits
The liability for annual leave and long service leave not expected to be settled within 12 months of the reporting date are
measured at the present value of expected future payments to be made in respect of services provided by employees up to
the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels,
experience of employee departures and periods of service. Expected future payments are discounted using market yields at
the reporting date on national government bonds with terms to maturity and currency that match, as closely as possible, the
estimated future cash outflows.
Goods and Services Tax (‘GST’) and other similar taxes
Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not
recoverable from the tax authority. In this case it is recognised as part of the cost of the acquisition of the asset or as part of
the expense.
Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST
recoverable from, or payable to, the tax authority is included in other receivables or other payables in the statement of financial
position.
Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities
which are recoverable from, or payable to the tax authority, are presented as operating cash flows.
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
13
Note 2. Critical accounting judgements, estimates and assumptions
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect
the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation
to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and
assumptions on historical experience and on other various factors, including expectations of future events, management
believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the
related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment
to the carrying amounts of assets and liabilities (refer to the respective notes) within the next financial year are discussed
below.
Employee benefits provision
As discussed in note 1, the liability for employee benefits expected to be settled more than 12 months from the reporting date
are recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees
at the reporting date. In determining the present value of the liability, estimates of attrition rates and pay increases through
promotion and inflation have been taken into account.
Note 3. Cash and cash equivalents
2025
2024
$
$
Current assets
Cash at bank
2,969,078
3,253,501
Note 4. Trade and other receivables
2025
2024
$
$
Current assets
Sundry debtors
20,865
24,924
Accrued income
38,572
10,017
59,437
34,941
Note 5. Right of use asset
2025
2024
$
$
Non-current assets
Right-of-use asset
-
849,761
Less: Accumulated depreciation
-
(839,722)
-
10,039
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
14
Note 6. Property, plant and equipment
2025
2024
$
$
Non-current assets
Leasehold office – fit-out & fittings
472,410
484,685
Less: Accumulated depreciation
(472,410)
(477,093)
-
7,592
Fixtures and fittings – at cost
33,017
34,543
Less: Accumulated depreciation
(9,429)
(6,698)
23,588
27,845
Motor vehicles – at cost
57,801
39,300
Less: Accumulated depreciation
(10,388)
(16,816)
47,413
22,484
Computer equipment – at cost
184,462
180,027
Less: Accumulated depreciation
(158,958)
(142,366)
25,504
37,661
Work in Progress
4,000
-
100,505
95,582
Reconciliations
Reconciliations of the written down values at the beginning and end of the current financial year are set out below:
Leasehold
Fixtures and
Motor
Computer
Work in
Office
Fittings
Vehicles
Equipment
Progress
Total
$
$
$
$
$
$
Balance at 1 July 2024
7,592
27,845
22,484
37,661
-
95,582
Additions
-
-
57,801
7,079
4,000
68,880
Disposals
(6,364)
(767)
(20,342)
(1,960)
-
(29,433)
Depreciation expense
(1,228)
(3,490)
(12,530)
(17,276)
-
(34,524)
Balance at 30 June 2025
-
23,588
47,413
25,504
4,000
100,505
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
15
Note 7. Intangibles
2025
2024
$
$
Non-current assets
Development work in progress – at cost
71,010
-
Software
155,491
122,041
Less: Accumulated amortisation
(114,898)
(104,067)
40,593
17,974
Website design
49,580
49,580
Less: Accumulated amortisation
(35,678)
(30,419)
13,902
19,161
iMIS Upgrade
27,475
27,475
Less: Accumulated amortisation
(17,846)
(12,351)
9,629
15,124
135,134
52,259
Reconciliations
Reconciliations of the written down values at the beginning and end of the current financial year are set out below:
Software
Website
iMis
Development
Design
Upgrade
WIP
Total
$
$
$
$
$
Balance at 1 July 2024
17,974
19,161
15,124
-
52,259
Additions
33,450
-
-
71,010
104,460
Amortisation expense
(10,831)
(5,259)
(5,495)
-
(21,585)
Balance at 30 June 2025
40,593
13,902
9,629
71,010
135,134
Note 8. Trade and other payables
2025
2024
$
$
Current liabilities
Trade payables
49,866
36,915
BAS payable
20,580
37,217
Other payables
9,449
87,294
79,895
161,426
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
16
Note 9. Employee benefits
2025
2024
$
$
Current liabilities
Annual leave
179,470
170,318
Long service leave
84,909
93,064
Other employee provisions
22,818
28,750
287,197
292,132
Non-current liabilities
Long service leave
40,023
40,107
327,220
332,239
Note 10. Lease liability
2025
2024
$
$
Current liabilities
Lease liability
-
15,255
Note 11. Unearned income
2025
2024
$
$
Current liabilities
Deferred Membership Income
46,437
34,356
Unearned Income
19,236
10,976
Income in Advance
-
17,278
65,673
62,610
Note 12. Reserves
2025
2024
$
$
Specific project reserve
911,208
911,208
Specific project reserve
The reserve is used to separate funds that have been recognised as revenue however the project is ongoing with expenditure
to be incurred in the future.
Note 13. Remuneration of auditors
During the financial year the following fees were paid or payable for services provided by William Buck, the auditor of the
company:
2025
2024
$
$
Audit services – William Buck
Audit of the financial statements
19,200
18,300
Australian Centre for Grief and Bereavement
Notes to the financial statements
30 June 2025
17
Note 14. Related party transactions
Parent entity
Australian Centre for Grief and Bereavement is the parent entity.
The aggregate compensation for key management personnel for the year was:
2025
2024
$
$
Aggregate compensation
637,719
614,601
Receivable from and payable to related parties
There were no trade receivables from or trade payables to related parties at the current and previous reporting date.
Loans to/from related parties
There were no loans to or from related parties at the current and previous reporting date.
Terms and conditions
All transactions were made on normal commercial terms and conditions and at market rates.
Note 15. 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 $1 each towards meeting any
outstanding obligations of the entity. At 30 June 2025, the total amount that members of the Company are liable to contribute
if the Company wound up is $364 (2024: $364).
Note 16. Events after the reporting period
No matter or circumstance has arisen since 30 June 2025 that has significantly affected, or may significantly affect the
company’s operations, the results of those operations, or the company’s state of affairs in future financial years.
Australian Centre for Grief and Bereavement
Directors' declaration
30 June 2025
18
In the directors’ opinion:
●
the attached financial statements and notes comply with the Corporations Act 2001, the Australian Accounting Standards
– Reduced Disclosure Requirements, the Australian Charities and Not-for-profits Commission Act 2012 and associated
regulations, the Corporations Regulations 2001 and other mandatory professional reporting requirements;
●
the attached financial statements and notes give a true and fair view of the company’s financial position as at 30 June
2025 and of its performance for the financial year ended on that date; and
●
there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due
and payable.
Signed in accordance with a resolution of directors.
On behalf of the directors
_________________________________
26 August 2025