Annual Report 2020

YWAM MEDICAL SHIPS - AUSTRALIA LIMITED
ABN: 45 070 160 904

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

The financial statements cover YWAM Medical Ships - Australia Limited as an individual entity, incorporated, and
domiciled in Australia. YWAM Medical Ships - Australia Limited is a company limited by guarantee. The company is a
not-for-profit entity for financial reporting purposes under Australian Accounting Standards.

NOTE ONE - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PREPARATION

This summary financial report has been prepared in accordance with the requirements set out in the ACFID Code of
Conduct. For further information on the Code please refer to the ACFID Code of Conduct Implementation Guidance
available at www.acfid.asn.au.

The financial statements have been prepared on an accruals basis and are based on historical costs, modified, where
applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The
amounts presented in the financial statements have been rounded to the nearest dollar.

This financial report is a summarised version of our full financial report. Our 2020 audited annual financial report can be
obtained by visiting https://www.acnc.gov.au.

ANNUAL REPORT 2020 - YWAM MS SECTION THREE : PAGE 46

ANNUAL REPORT 2020 - YWAM MS

ANNUAL REPORT 2020 - YWAM MS

ANNUAL REPORT 2020 - YWAM MS ANNUAL REPORT 2020 - YWAM MS

SECTION FOUR

Moving Forward
ANNUAL REPORT 2020 - YWAM MS MOVING FORWARD

4M.1 oving Forward

Preparations to return the ship to PNG have been ongoing, as the vessel requires a 20-year special survey and drydocking
prior to recommencing outreach patrol activities. This is scheduled to be carried out in January to February 2021.
Upon drydock completion, YWAM MS aims to return the ship to PNG waters in February 2021, for further preparations in
Port Moresby to begin rural healthcare support in the third and fourth quarters of the year. The focus of these outreach
patrols is expected to be in Western Province. This will enable a new model of outreach to be established to support
increased efficiency and productivity.

In light of the current pandemic context, operations are expected to focus primarily on maternal and child health (MCH)
patrols and health promotion education. YWAM MS is also eager to assist where appropriate in the COVID-19 response
and continue to strengthen relationships with Western Provincial Health Authority (WPHA) and the Middle Fly District
Health team.

YWAM MS expects to officially open the Vocational Training Campus in Port Moresby in the first half of 2021. Two inaugural
schools are planned to run simultaneously for just over five months beginning in March, and the students are anticipated
to join the ship on outreach in Western Province later in the year. As this satellite campus develops, vocational training
is anticipated to be offered in a range of areas, including healthcare, hospitality, administration, faith and character
development, and media. YWAM MS’ training programs will be unique in that they will combine training in skills with
character development and service opportunities, with the goal of instilling passion within young people to build
healthy communities for a healthy Papua New Guinea.

YWAM MS is also planning to expand its land-based activities in the National Capital District (NCD) through a multi-use
mobile facility, working strategically with NCD and the National Department of Health (NDoH) for the implementation
of healthcare, education, and training services. With over 100 primary and high schools and a growing population in Port
Moresby, this multi-use mobile facility will strengthen existing services and will provide an ideal learning environment
in which health care professionals can develop their skills, while also responding to the needs of the nation. YWAM MS is
working to have this facility in PNG by the beginning of 2022.

NB: The MV YWAM PNG was able to redeploy to Papua New Guinea on 6 February 2021 after undergoing significant
maintenance in Townsville. The dry dock is scheduled to begin in mid-April in Port Moresby, with outreaches resuming in
Western Province upon its completion.

SECTION FOUR : PAGE 51 ANNUAL REPORT 2020 - YWAM MS

4Tw.2enty Twenty-One Deployment

In light of the current context in Papua New Guinea, outreach dates for 2021 remain fluid, with the team actively working
toward restarting outreach patrols in the second quarter of the year.

Please see www.ywamships.org for the latest updates and to register your interest for future outreaches.

ANNUAL REPORT 2020 - YWAM MS SECTION FOUR : PAGE 52

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SECTION FIVE APPENDIX

Appendix

ANNUAL REPORT 2020 - YWAM MS

5B&.1oParrodjoefctDMiraecntaorgsement Team

BOARD OF DIRECTORS PROJECT MANAGEMENT TEAM

Mrs Rebekah Hoover - Chairperson Mr Ken Mulligan OBE, OAM
Mr Ken Mulligan OBE, OAM - Managing Director Mrs Robyn Mulligan
Mr Jared Hoover - Director Mrs Rebekah Hoover
Ms Melissa Kauk - Director Mr Jared Hoover
Mrs Jennifer Rentsch - Director Captain Jeremy Schierer
Captain Jeremy Schierer - Director Mrs Anna Scott
Mrs Anna Scott - Director Mr Matthew Scott
Dr Sarah Dunn
Ms Hannah Peart
Mrs Jennifer Rentsch
Mr Philip Rentsch
Mr Jeremy Humphreys
Mrs Elea Humphreys

SECTION FIVE : PAGE 55 ANNUAL REPORT 2020 - YWAM MS

5A.2dvisors HONOURABLE MIKE REYNOLDS
CBE, AM
RIGHT HONOURABLE SIR RABBIE Former Speaker of the Legislative
NAMALIU GLC, CSM, KCMG Assembly of Queensland
Former Prime Minister of Papua New Guinea
GARY ESDAILE
DR DARYL HOLMES Naval Architect
Dentist
DR KEITH MASLIN
IVAN BAXTER Ophthalmologist
Lawyer
DR DOUG RANDELL
DANNIELLE BROUGHAM Doctor
Oral Therapist
JEFFREY WALL OBE, CBE
GEOFF DUTTON Political Consultant
Executive Leadership of Power and Mining Projects
SONDRA HALEY
REVEREND BRUCE CORNISH Public Relations
Uniting Church Reverend
DR BILL TALBOT
BRUCE COUTTS Ophthalmologist
Accountant
STRAHAN WALLIS
DR JAMBI GARAP Public Relations
Ophthalmologist
RAY TOMAN
PETER DAWSON Naval Architect
Maritime Lawyer
PETER TAPIOLAS
CLIVE DODD Corporate Affairs
Project Manager at Henry Schein Halas
CARL VALENTINE
PETER HONEYCOMBE Accountant
Corporate Affairs
TRISTAN STEVENTON
LYNETTE GRUBWINKLER Director and Founder of STEVTECH
Ophthalmic Nurse
SECTION FIVE : PAGE 56
ANNUAL REPORT 2020 - YWAM MS

5Li.s3t of Abbreviations

ACFID Australian Council For International Development
CAP Community Action and Participation
CBR Community Based Rehabilitation
CHW Community Health Worker
COVID-19 Coronavirus Disease 2019
CYP Couple Years Protection
DFAT Department of Foreign Affairs and Trade
DWU Divine Word University
DMPA Depo Medroxy-Progesterone Acetate
HEO Health Extension Officer
HCW Health Care Workers
IAPB The International Agency for the Prevention of Blindness
MBPHA Milne Bay Provincial Health Authority
MCH Maternal and Child Health
MFDHS Middle Fly District Health Service
NCD National Capital District
NDOH National Department of Health
NGO Non-Government Organisation
NHP National Health Plan
NMSA National Maritime Safety Authority
OPV Oral Polio Vaccine
PMGH Port Moresby General Hospital
PNG Papua New Guinea
RTO Registered Training Organisation
SIA Supplementary Immunisation Activity
STARS National Strategy for Responsible Sustainable Development for Papua New Guinea
TB Tuberculosis
UOG University of Goroka
UPNG University of Papua New Guinea
WASH Water, Sanitation and Hygiene
WHO World Health Organization
YWAM Youth With A Mission
YWAM MS Youth With A Mission Medical Ships - Australia & Papua New Guinea

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WWW.YWAMSHIPS.ORG

LAST UPDATED: 26TH MAY 2021

ANNUAL REPORT 2020 - YWAM MS