Page 10 - TEF ANNUAL REPORT 2020

Treasurer’s Report

What a year 2020 has been? The year that has had everything , bush fire,
flooding and epidemic. We couldn’t conduct fund raising activities, but did that
stop we continue helping our people in our homeland? No, our management
committee, member, valuable sponsors and donors are very enthusiastic and
passionate about achieving excellent results and making a difference to the lives
of the people in the community who need it the most at difficult times. I’m very
proud to be a member of this movement as our request for donations without
any function was well received and almost $ 20,000 was collected for charitable
activities. I can only say that we are humble and more determined to be at most
responsible in delivering our goals to bring some relief for ailing community in
our homeland.
Once again as the Treasurer, I’m pleased to announce that Engineers Charity
Fund has observed following requirements of Australian Charities and Not-for-profits Commission
(ACNC)’s governance guidelines.

Standard 1: Purposes and not-for-profit nature of a registered entity
Engineers Charity Fund (ECF) continues to be not-for-profit and works towards its charitable purpose.

Standard 2: Accountability to members
ECF has financial members and take reasonable steps to be accountable to their members and provides
them adequate opportunity to raise concerns about how the charity is governed via committee meetings,
Special General Meeting, Annual General Meeting and email circulations. Members are provided with
Annual Financial Report, Auditor’s Report, set periods of notice prior to meetings and how items can be
added to meetings.

Standard 3: Compliance with Australian laws
ECF ensures it complies with Australian Laws. ECF acts lawfully helps to protect its work, assets,
reputation and the people it works with.
Standard 4: Suitability of responsible persons
ECF ensures it’s responsible persons (such as committee members and public officer – called ‘responsible
entities’ under the ACNC Act) are not disqualified from being a responsible person of a registered charity
by the ACNC Commissioner.

Standard 5: Duties of responsible persons
ECF takes reasonable steps to make sure that responsible persons understand and carry out the duties
set out in this standard.
• Act with reasonable care and diligence
• Ensure that financial affairs are managed responsibly
• Act honestly in the best interests of the charity and for its purposes
• Not misuse their position or information
• Disclose any actual or perceived conflict of interest
• Not allow a charity to operate while insolvent

I would like to express my sincere thanks to:
1. Mr Rajakumar Sinnathambu, Auditor for volunteering his knowledge and time for auditing
Foundation’s accounts and for ongoing valuable advice.
2. Mr Manimaaran Achchuthan, Joint Treasurer for his ongoing support in carrying out my duties as
Treasurer.
3. Management Committee and Committee Members for allowing me to carry out Treasurer’s duty
without any undue influence but at the same time supporting initiatives for improving financial
management of the Foundation.

Best wishes.
Sangaradas Thayalan NSW JP
Treasurer,
Engineers Charity Fund 6 September 2020