Guide to Giving
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

Not for Profits Awarded for Transparency


Monday, 15th April 2013 at 2:37 pm
Staff Reporter
An international aid organisation has taken out the top prize for transparency at the sixth annual PwC Transparency Awards in Sydney.

Monday, 15th April 2013
at 2:37 pm
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Not for Profits Awarded for Transparency
Monday, 15th April 2013 at 2:37 pm

An international aid organisation has taken out the top prize for transparency at the sixth annual PwC Transparency Awards in Sydney.

Plan International Australia was named the winner, in the revenue of $30 million or more category, while Sydney-based youth homelessness organisation Youth off the Streets won in the $5 million-to-$30 million revenue category.

A collaboration between PwC Australia, the Institute of Chartered Accountants Australia (ICAA) and the Centre for Social Impact (CSI), the PwC Transparency Awards recognise and encourage improvement in the quality and transparency of reporting in the Australian Not for Profit sector.

The Awards demonstrate and recognise best practice in financial reporting, which PwC says is particularly relevant given sector-wide reform including the introduction of the Australian Charities and Not-For-Profits Commission (ACNC) in 2012.

PwC corporate responsibility partner Mark Reading congratulated Plan and Youth off the Streets for the amazing job they do in the community.

“In their submissions we saw that their goals and business strategy are clear, focused, and well articulated. It’s encouraging to see them recognised for their efforts in providing the public with quality and transparent reporting,” Reading said.

“The PwC Transparency Awards continue to play an important role in increasing public confidence in the NFP sector.

“The sector has told us there’s a need for constructive efforts to encourage improvement in the overall standard of NFP reporting in Australia and we’re pleased to see the awards raising the bar.”

Winners of other categories include St John Ambulance SA for most improved charity while the best first year entrant went to Good Beginnings.

ICAA chief executive Lee White said that the continued success of the awards over the past six years demonstrates the importance of transparent reporting in the Not for Profit sector.

“Our involvement with the PwC Transparency Awards highlights the Institute’s ongoing commitment to strengthening this vital sector. Keeping abreast of reporting standards and other regulation is a key part of that,” he said.

PcW says that the awards were introduced to Australia in 2007 to recognise the quality and transparency of reporting in the Not for Profit sector.

Organisations’ level of disclosure is reportedly assessed according to criteria including: strategy, financial and operational performance, stakeholder reporting, governance, risk policies and sources of funding.

Revenue greater than $30m
Winner: Plan International Australia
Runner up: Mission Australia
Finalists:
Australian Red Cross
Cancer Council NSW
CARE Australia
Compassion Australia
Mission Australia
Plan International Australia
SDN Children’s Services
The Benevolent Society
West Wimmera Health Service
World Vision Australia

Revenue $5m to $30m
Winner: Youth Off The Streets
Runner up: St John Ambulance SA
Finalists:
Bridge Housing Limited
Cancer Council SA
Leukaemia Foundation of Australia
Lifeline Australia
MS Queensland
Multicap
Opportunity International Australia
St John Ambulance SA
Surf Life Saving NSW
Youth Off The Streets

“The NFP sector faces very significant challenges over the coming years. It will be increasingly relied upon to deliver increasing social outcomes with fewer resources, as the ageing population places tremendous pressure on government revenues and increases competition for workers,” Centre for Social Impact chief executive Andrew Young said.

“Now, more than ever, Australia needs effective measurement and transparent reporting of performance in delivering social outcomes. Throughout our social purpose system, we need to make the best, most informed decisions we can in allocating resources where they are most needed and most effectively used.

“The PwC Transparency Awards are increasingly relevant in promoting and rewarding organisations who are pursuing these goals. Funders and the community want to see where their money is going, and more importantly they want to see that it’s making a difference.”



Guide to Giving

FEATURED SUPPLIERS


HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Yes we’re lawyers, but we do a lot more....

Moores

Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Susan Pascoe Appointed Head of Newly Formed Community Directors Council

Luke Michael

Friday, 22nd September 2017 at 5:21 pm

Recruitment Expert Says NFPs Need Thorough Process to Hire Honest Candidates

Luke Michael

Friday, 22nd September 2017 at 4:50 pm

Thinkers Look to Melbourne to Grow SA Purpose Economy

Wendy Williams

Thursday, 21st September 2017 at 4:44 pm

Mental Health Groups Call for Same-Sex Marriage to Prevent Suicide

Luke Michael

Thursday, 21st September 2017 at 4:24 pm

POPULAR

Moves to Stop Volunteering at Overseas Orphanages

Luke Michael

Wednesday, 13th September 2017 at 1:54 pm

Future Uncertain for Disability Organisations Following Funding Cuts

Wendy Williams

Tuesday, 19th September 2017 at 8:29 am

Majority of NFPs Are Not Believed to be Well-Run, According to New Survey

Luke Michael

Tuesday, 12th September 2017 at 4:14 pm

More Australians Are Giving Time Not Money

Wendy Williams

Monday, 11th September 2017 at 5:07 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Guide to Giving
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!