1. Better Boards Conference 2016
You are invited to a Board meeting
Your guide:
Morri Young Accounting for Good

2. Board Meeting of Hearts to Heads Ltd 5 June 2016 BOARD PAPERS

3. In Attendance Committee Chairperson: Heather O’Leary AO
Board Meeting of Hearts to Heads Ltd 5 June 2016
In Attendance
Committee
Chairperson: Heather O’Leary AO
Deputy Chair: Alan de Mouton
Treasurer: Beverley Hills
Members: Gen. Bruce Scythe-Willis (Retired)
In Attendance
CEO: Robin “Never Say Die” Hood OAM JP

4. Agenda Confirmation of Minutes CEO’s report Treasurer's Report
Board Meeting of Hearts to Heads Ltd 5 June 2016
Agenda
Confirmation of Minutes
CEO’s report
Treasurer's Report
Underspend on “Help People Feel Good” program
Cheque Account funds
Premises: Lease or buy?
Other Business
Closed session (Staff are excused)

5. Confirmation of Minutes of Meeting 14 May 2016
Board Meeting of Hearts to Heads Ltd 5 June 2016
Confirmation of Minutes of Meeting 14 May 2016
Correction re
Item 12: Patron of Hearts to Heads UK

6. Board Meeting of Hearts to Heads Ltd 5 June 2016
CEO’s Report
Summary:
“Defamation Matter” against the CEO has been resolved.
The “Help People Feel Good” program is concluding.
Fund raising campaign for “Graffiti as Art” project has been less than successful.
Award increases for staff will be paid from 1 August.
Lease on the office expires on 30 September 2016.
Auditors are in next month.

7. Treasurer’s Report Summary:
Board Meeting of Hearts to Heads Ltd 5 June 2016
Treasurer’s Report
Summary:
Selection of replacement accounting provider: “Accounting for Good”. Commence July 1.
There will be a surplus on the “Help People Feel Good” program
Report on premises we could buy following lease expiry.
Report on options for better use of the $2m in our cheque account.
Report on workplace observation of the CEO over past 6 weeks
Preparing for the audit

8. Treasurer’s Report Board Meeting of Hearts to Heads Ltd 5 June 2016
Appendix 1: Income and Expenditure Report for “Help People Feel Good” Program ( )
Budget
Actual
Variance
Income
Government Grant
$250,000 $0
Interest Income
$50
$40
($10)
Expenditure
Salaries
$185,000
$153,000
$32,000
Program Costs
$40,000
$30,000
$10,000
Admin Costs
$25,000
Surplus/Deficit
$42,040
$41,990

9. Treasurer’s Report Board Meeting of Hearts to Heads Ltd 5 June 2016
Appendix 2: Balance Sheet for Hearts to Heads Ltd
Balance Sheet as at 31 May 2016
Assets
Cash at Bank
$2,250,000
Accounts Receivable
$165,000
Fixed Assets
Stuff (net of Accum Depreciation)
$50,000
Liabilities
Hardly anything
$25,000
Net Assets
$2,340,000

10. Closed Session (Staff are excused)
Board Meeting of Hearts to Heads Ltd 5 June 2016
Closed Session
(Staff are excused)

11. Better Boards Conference 2016
Thank you all!
Morri Young Accounting for Good