National Trust of Queensland Annual Report 2009-2010
National Trust of Queensland Annual Report 2009-2010
The Annual Report is an account of the financial and non-financial performance of the National Trust of Queensland.
The National Trust of Queensland welcomes feedback on this report and suggestions for improvement. We encourage you to complete and return the feedback form located on our website www.nationaltrustqld.org
The National Trust of Queensland is committed to providing accessible services to Queenslanders from all culturally and linguistically diverse backgrounds. If you have difficulty in understanding the Annual Report, you can contact us on (07) 3223 6666 and we will arrange an interpreter to effectively communicate the report to you.
ISSN 1838-4218
© National Trust of Queensland 2010
Images—front cover, pages 1, 2, 5, 9 and 18—Tim Nemeth Photography—timnemeth.com Images—page 15—Adrian Lander Photography—adrianlander.com.au Images—page 8, 16— Sue Finnigan
“What we care for today, we will appreciate tomorrow” NationalNational Trust Trust of of Queensland Queensland AnnualAnnual Report Report 2009-2010 2009-2010
17 September 2010
The Honourable Kate Jones MP Minister for Climate Change and Sustainability 400 George Street Brisbane Qld 4000
Dear Minister
I am pleased to present the Annual Report 2009-2010 for the National Trust of Queensland.
I confirm that this Annual Report substantially complies with the prescribed requirements of the Financial Accountability Act 2009 and the Financial and Performance Management Standard 2009.
I also confirm that this Annual Report substantially complies with the detailed requirements set out in the Annual Report Requirements for Queensland Government Agencies.
The National Trust has made a considerable effort to comply with these requirements within its available resources and is moving towards having a fully compliant Annual Report by 2011-2012.
A checklist outlining the annual reporting requirements, including the areas of non- compliance, can be found in this Annual Report.
Yours sincerely
Stephen Sheaffe, President National Trust of Queensland National Trust of Queensland Annual Report 2009-2010
CONTENTS Page
The National Trust of Queensland 1
National Trust Properties in Queensland 2
Report from the President 3
Report from the Treasurer 4
Strategic Directions 5
Highlights and Achievements 6-9
Contribution to Government Objectives 10-11
Organisational Structure 12-14
Sponsors, Partners and Major Donors 15
Heritage Conservation Appeals 16
Grants Received 17
Visitation Figures 18
Heritage Awards Winners 2009 19
Annual Reporting Requirements Checklist 20-22
Glossary and Abbreviations 22 “What we care for today, we will Financial Report—National Trust of Queensland 23-49 appreciate Financial Report—National Trust of Queensland 50-79 Currumbin Wildlife Sanctuary tomorrow” National Trust of Queensland Page 1 Annual Report 2009-2010
The National Trust of Queensland
The National Trust of Queensland (NTQ) is a Scattered through our properties, NTQ has a vast membership-based community organisation whose collection of social history artefacts telling the stories purpose is to promote the care and appreciation of of Queensland’s past. At our Currumbin Wildlife Queensland’s diverse heritage through programs of Sanctuary (CWS), we also have 950 native animals education, conservation and advocacy. from 200 species and our Currumbin Wildlife Sanctuary Hospital treats over 5,000 sick and injured In the 46 years since its establishment under the native animals per year without charge to the provisions of the National Trust of Queensland Act community. 1963, NTQ has developed a proud record of rescuing, conserving and presenting heritage NTQ plays an important role in the promotion of properties for the community. Although NTQ is an Queensland’s heritage through activities such as the independent organisation, it is part of a strong annual NTQ Bendigo Bank Heritage Awards program national and international network of National Trusts held in partnership with the Queensland Heritage which began in the UK in the 1890s as ‘The National Council, the annual Heritage Festival, a variety of Trust for Places of Historic Interest or Natural Beauty’. publications and our various advocacy campaigns. Many of NTQ’s properties also run educational NTQ’s strength lies in its more than 7,000 members programs for schools and other groups. (out of some 80,000 members nation-wide) and in its active volunteer workforce of over 300 people. Our NTQ also helps other owners of heritage buildings by volunteers undertake many valuable roles such as conducting tax-deductible heritage conservation acting as guides at our properties, undertaking appeals, which raise over $2M per annum. NTQ historical research, caring for wildlife, maintaining currently maintains about 25 appeals, of which the our properties and advocating locally for better largest is the Brisbane ‘Save City Hall’ Appeal.
heritage outcomes. As a statutory body, NTQ makes a very valuable contribution to the delivery of the State Government’s NTQ currently has a portfolio of 12 properties Queensland Heritage Strategy: a ten year plan, and valued at over $48M, spread across Queensland also to the delivery of the State Government’s from the James Cook Museum, Cooktown in the north community objectives in the Toward Q2: Tomorrow’s to the Currumbin Wildlife Sanctuary in the south. Queensland through its contributions to a green and NTQ owns 11 of these properties and leases the fair Queensland. Townsville Heritage Centre. In addition, NTQ has its Head Office in the 1860s former Immigration Depot As a long-standing and well-respected community in William Street, Brisbane, which is owned by the organisation, NTQ makes a very significant and cost- State Government. In 2009-2010, our properties effective contribution to the conservation of received over 400,000 visitors. Queensland’s heritage.
What we care for today, we will appreciate tomorrow.
Currumbin Wildlife Sanctuary
Page 2 National Trust of Queensland Annual Report 2009-2010
National Trust of Queensland Properties
National Trust House Lyall’s Store 95 William Street 90 Mosman Street Brisbane Charters Towers (Leased in part from the State of Queensland) T: (07) 3223 6666 Tent House Fourth Avenue James Cook Museum Mt Isa Cnr Helen and Furneaux Streets Cooktown Brennan and Geraghty’s Store and Residences T: (07) 4069 5386 64 Lennox Street Maryborough Hou Wang Temple at Atherton Chinatown T: (07) 4121 2250 86 Herberton Road Atherton Royal Bulls Head Inn T: (07) 4091 6945 37 Drayton Street Drayton, Toowoomba Townsville Heritage Centre T: (07) 4637 2278 5 Castling Street Townsville Wolston House (on land leased from Townsville City Council as 223 Grindle Road trustee) Wacol, Brisbane T: (07) 4771 5873 Moon’s Reserve Stock Exchange Arcade 46 Nioka Street 76 Mosman Street Brookfield, Brisbane Charters Towers Currumbin Wildlife Sanctuary Zara Clark Museum 28 Tomewin Street 36 Mosman Street Currumbin, Gold Coast Charters Towers T: (07) 5534 1266
Brennan and Geraghty’s Store Museum, Maryborough Royal Bulls Head Inn, Drayton, Toowoomba National Trust of Queensland Page 3 Annual Report 2009-2010
Report from the President
I feel privileged to serve as the President of the National and James Cook Museum, Cooktown. I would also like to Trust of Queensland (NTQ) and to chair the National thank the lessees at Brennan and Geraghty’s Store and Trust Council. I was appointed by the NTQ Council in the Royal Bulls Head Inn who do a wonderful job keeping January 2010 after the resignation of my predecessor, these museums open to the public. Dr John Jackson. I sincerely acknowledge the enormous contribution John made to the work of NTQ and his The NTQ Bendigo Bank Heritage Awards, presented in commitment to positive change. partnership with the Queensland Heritage Council, and the NTQ Heritage Festival are annual events which are In many respects, 2009-10 has been a very successful the flagships of the Trust’s promotion of heritage across year for NTQ: we have completed several substantial the State. The Heritage Awards presentation is arguably capital projects; our engagement with volunteers and the our most successful State-wide activity which continues to community continues to improve; and the need and grow strongly, while the Trust is working to develop our appreciation of the service provided by our new Heritage Festival as part of a nation-wide program. Currumbin Wildlife Sanctuary Hospital is growing in awareness in the community. Membership is the core strength of the Trust. Our membership numbers are again starting to climb, in I would very much like to thank everyone involved in our particular the NTQ Green Guardian memberships which achievements this year: our sponsors, the NTQ Council, were introduced two years ago. the staff and in particular the many dedicated volunteers. As a community organisation, the Trust relies The Trust has an important role to play in heritage heavily on its 300 volunteers and we salute them all for advocacy. The most pressing issue is the extraordinary their generous and valuable contributions. growth Queensland is currently experiencing and the impact that is having on our heritage and character areas. I particularly want to recognise the support of our The Trust will continue to raise its voice here, as it did with sponsors and partners, without which the Trust could not North Bank, to encourage better heritage outcomes for achieve what it does. A special thank-you goes to our all. Trust sponsors and partners: Bendigo Bank, Treasury Casino and Hotel, and the Queensland Heritage Council I would also like to thank my fellow Trust Councillors for as well as the many sponsors and partners that support their valuable contributions and their commitment to the the Currumbin Wildlife Sanctuary. tasks ahead. I sincerely thank outgoing Councillors Peta Dennis and Judith Jensen for their efforts and welcome It is also important to recognise the valuable financial new Councillors Bronwyn McAdam and Jackie Branch. Part contribution both the Australian and Queensland of the strategic role of the Council is to provide a stable Governments have made to the Trust this year through a foundation for the work of the Trust. To this end, we have variety of heritage grants. However, government funding been focusing on improving our governance and financial for heritage generally remains low and I urge all levels position, and these will be among our priorities for the of government to look at improving their levels of coming year. investment in our heritage and wildlife support. I would particularly like to acknowledge our Patron, Her The Trust is proud of the Currumbin Wildlife Sanctuary Excellency Ms Penelope Wensley AO, Governor of (CWS). This Gold Coast tourist icon has survived well Queensland, not only for her generous support of NTQ, during the recent fluctuations of the tourism industry and but also for her genuine interest in Queensland’s heritage. is well-positioned to grow strongly as things improve, with many new exciting activities and exhibits. The National Trust plays a vital role in promoting the care and appreciation of our valuable and diverse heritage, There is a growing level of volunteer participation in not only in Queensland, but across Australia and in many many parts of the Trust, particularly in Charters Towers, parts of the world. Thank you for your support over the in Ipswich and at Wolston House, Wacol, which is very previous year and I look forward to many more encouraging. It was wonderful to hear that in August, the achievements in 2010-2011. Charters Towers Museum welcomed its 2,000th visitor since it was reopened by volunteers in April 2010. There What we care for today, we will appreciate tomorrow. has also been an increase in community events being held at our Trust properties including Hou Wang Temple Stephen Sheaffe, President
Page 4 National Trust of Queensland Annual Report 2009-2010
Report from the Treasurer
While the Trust has been active in successfully delivering a number of significant capital projects and working with the community and, in particular, its members, in the last twelve months, 2009-10 has been a challenging year for the National Trust of Queensland in relation to its finances. The reported operating deficit for the period is $143,259, which is of great concern to the Trust Council. Initiatives to address the revenue shortfall have been agreed by the Council and will be progressively implemented through 2010- 11.
Revenue Assets
The reported deficit is a result of declining There was no movement in property or equipment revenues through 2009-10. Visitor admissions assets this year. The changing values have greatest decreased slightly, largely as a result of the very reflection in the professional revaluation of Moon’s wet summer/autumn season in North Queensland. Reserve at Brookfield which is now valued at a The weather also meant that fewer cruise ships realistic $650,000. visited Cooktown than had been anticipated. Appeals and Grants Membership income is similarly down 13%,
although membership numbers are only down With 2 exceptions, donations to our Appeals were slightly. Income from membership was generally well down on prior years. Overall conservation down 18% through most of the financial year, expenditure was only a third of an average year. before the Green Guardian category of This is largely due to the completion of our largest membership improved somewhat when fees were appeal, but also because a number of the medium- discounted, attracting wider participation. sized appeals have shown little activity during the year. Property rental income is $10,000 below the previous year. Some of our tenancies in the Stock In contrast, there was 5 times the amount of funding Exchange Arcade in Charters Towers had to be available from grants than the previous year. This suspended for some months and rental income can be explained by the 4 Commonwealth Jobs foregone while the work was being carried out Fund packages that were allotted to NTQ. A total of through Commonwealth Jobs Fund grants. over $1.3m of grant funding was spent in 2009/10 compared to $102,394 in 2008/09. Expenditure Conclusion Generally total expenditure for 2009/10
remained at 2008/09 levels. There was saving in It is obvious from the financial accounts that the operational costs when the Zara Clark Museum in sum of the staff employed plus the operating costs Charters Towers was mothballed from July 2009 to of its properties is far in excess of the current Trust April 2010. However this action incurred some redundancy payments which impacted on the income. This situation needs to be remedied and increasing wage and employment costs. The work to address this has been prioritised by the Museum is now run by volunteers and should show Trust Council. savings next financial year. Jackie Branch, Treasurer National Trust of Queensland Page 5 Annual Report 2009-2010
Strategic Directions
Vision Mission
The National Trust of Queensland is recognised To deliver sustainable natural, Indigenous and as a leader in providing a sustainable future for cultural heritage for all generations of Queensland’s natural, Indigenous and cultural Queenslanders through: heritage. • Education • Conservation • Advocacy
Strategies Priorities
• Identify and act on key urban and regional • Develop a network of informed and planning issues that have cultural and proactive community groups that can heritage impacts. respond to local issues. • Include Aboriginal and Torres Strait Islander • Make all our properties sustainable centres cultures in the work of the Trust. of community activity and learning. • Engage our youth and embrace diversity; • Work with local governments to improve building the capacity of the community to heritage understanding and management. appreciate our cultural heritage. • Facilitate research projects that improve the • Engage and invigorate branch structure to understanding and appreciation of natural, facilitate greater community ownership and Indigenous and historical heritage. engagement. • Promote heritage and the Trust through a • Build strong relationships with key program on positive projects and stakeholders in the cultural and historical celebrations. landscape. • Review the National Trust’s property portfolio to ensure long-term sustainability. • Support the sustainability of heritage skills and trades. • Ensure the ongoing relevance of the National Trust brand and image.
Jaran Aboriginal Dance Troupe, Currumbin Wildlife Sanctuary, Currumbin, Gold Coast
Page 6 National Trust of Queensland Annual Report 2009-2010
Highlights and Achievements for 2009‐2010
Education • A further 1,700 school children visited NTQ’s other • The 2010 National Trust of Queensland Heritage properties. Festival program included 91 events held by 56 organisations. Running from 9 to 16 May 2010, • CWS received a grant from the Australian the theme for the Festival was ‘Celebrate your Government’s Job Fund program to construct a Story’. native plant teaching garden and rehabilitation
aviary at the Community Wildlife Hospital. The • The launch of the 2010 Heritage Festival was at project was completed on time and within budget. the Currumbin Wildlife Sanctuary (CWS) and featured a welcome dance by the Jaran • Natasha Gromof of Albany State School was the Aboriginal Dance Troupe, troupe leader Graham State and National winner of the National History Blanco telling the story of the troupe, and a Challenge’s ‘Australia’s Heritage’ category, which presentation on the history of the Gold Coast by is sponsored by the National Trust. Kevin Rains from Gold Coast City Council. This • The touring exhibition Queensland Dragon: Chinese highlighted that NTQ has an important role to in the North was displayed at Atherton Chinatown play in the conservation of Queensland’s from January until February. Indigenous and natural heritage, as well as its built heritage. • Brisbane’s Queen’s Wharf Heritage Precinct brochure was produced to increase community • Other Heritage Festival events held by NTQ awareness of this significant area in Brisbane’s branches and properties included: Far Northern and Queensland’s history. The brochure was Branch’s tour of Atherton Tablelands; a display on printed with funding from Brisbane City Council’s ‘The Children of Wolston’ at Wolston House; ‘The Community Grants Program. Trust in Action’ display for the Townsville City Council Heritage Day; three displays in • In partnership with the Australian Decorative and Townsville’s libraries; an Open Day at the Fine Arts Society (Brisbane), NTQ and artist Townsville Heritage Centre; a tour of the garden Dorothy Haig developed a hands-on arts project and tea at James Cook Museum, as well as visits at Wolston House for children from Kenmore South by local school students as part of their studies of State School. The finished product was a striking Cooktown history; and a Heritage Fair at display board of small canvasses on which Atherton’s Hou Wang Temple. NTQ staff and students had printed a texture they had found volunteers also promoted NTQ and CWS at the around the house. Gold Coast Heritage Expo on 8 May. • NTQ’s Heritage Information Officer responded to • The Spring 2009 edition of NTQ’s quarterly 264 heritage enquiries from the community, which magazine, Trust News Queensland, was the first is an average of 5 enquiries per week. edition to include regular articles from CWS. The design and feel of the magazine has also been • Information on an additional 156 places was substantially upgraded. added to the NTQ Listings database.
• Over 22,000 students visited CWS. Lessons • Volunteers in NTQ’s Head Office catalogued provided by qualified and experienced education 1,950 slides from the NTQ collection, taking the officers include meeting a snake, bird, lizard and total number of slides catalogued past 7,000. possum and learning about the wonders and plight of our native animals. Of those students, 47% • NTQ bus tours visited ‘Hinemoa’ in Ipswich, the were from primary school, 27% from high school, Abbey Church and Museum in Caboolture, the 2,211 were international English Language Darling Downs, Ormiston House in Cleveland and Students and the remainder were from groups such Government House. as vacation care or Scouts. Other activities for students at CWS included Aboriginal • 17 NTQ members and staff attended the annual Appreciation, Threatened Species Activities and NTQ Branch Conference at Old Government the Adventure Parc Green Challenge. House on 7 November 2009 to discuss governance, NTQ properties and heritage issues. National Trust of Queensland Page 7 Annual Report 2009-2010
Highlights and Achievements for 2009‐2010
Education Continued
• NTQ’s website received over 1.7M hits, with conservation of heritage properties in the most popular areas being properties, the Queensland. Heritage Festival, membership and the Icons. • Over 5,000 sick and injured native animals • NTQ, on behalf of the ACNT, hosted a visit were treated at the Currumbin Wildlife from a delegation from Indonesia which Sanctuary Hospital, which opened in included the Mayor of Sawahlunto in Sumatra. September 2009 and is fully funded by After visiting Brisbane, the group went to the income from CWS. This is about 30% more historic town of Burra in South Australia treatments than the previous year and 75% of enroute to the Australia ICOMOS Conference the patients were brought in by the community in Broken Hill where the Executive Director of and treated without charge. the Indonesian Heritage Trust presented a paper on the management of heritage places • Four Brush Tailed Rock Wallabies arrived in the wake of natural disasters. from NSW to take up residence in the new wallaby enclosure at CWS, as part of a recovery program initiated because of a Conservation rapid decline in wild populations.
• NTQ received over $1.25M from the • CWS was entered in the Queensland Heritage Australian Government’s Jobs Fund grants Register as a place of heritage significance. program for four conservation projects at The Entry in the Register acknowledges the NTQ properties. role that CWS played in the evolution of nature-based tourism in Queensland. • The front stone retaining wall and the internal lift at James Cook Museum, • CWS received a TQUAL grant for the Cooktown, were repaired with funding from conservation and development of the former the Jobs Fund grant. Alex Griffiths house adjacent to CWS. • Work at the Brennan and Geraghty’s Store Museum, funded by the Jobs Fund grant, • About 200 Spotted Trees Frogs (Litoria included the installation of fire detection spenceri) were released into the wild as a and prevention systems, external painting, result of breeding program at the CWS traditional repairs to gutters, strengthening amphibian ark. of timber floors, and the installation of an archaeological display in the stables • Brennan and Geraghty’s Store, Maryborough, building. won the Fraser Coast Regional Council’s • A new timber tea terrace was constructed at Heritage Award in the non-residential Wolston House, Wacol, with the Jobs Fund category for Conservation Works. grant funding. Other work undertaken with this funding included resurfacing the long • Conservation works were undertaken at the driveway and repairing the brick fence. Royal Bulls Head Inn, Drayton, with funding from the Queensland Government’s ‘Living • A new glass arcade roof is a feature of the Buildings and Places’ grants program. The work at the Stock Exchange Arcade in works included re-sheeting parts of the Charters Towers. Other works funded by the verandah roof and repairing the pressed Jobs Fund grant included upgrading of the metal ceiling in the dining room. electrical works and repairing the tiled floor. • A Conservation Management Plan for the Mt Isa Tent House was completed with funding • NTQ’s Heritage Conservation Appeals raised from Queensland Government’s ‘Living over $2.3M for other owners for the Buildings and Places’ grants program.
Page 8 National Trust of Queensland Annual Report 2009-2010
Highlights and Achievements for 2009‐2010
Advocacy Administration
• The Governor of Queensland, Her Excellency Ms • NTQ Council undertook a substantial review of Penelope Wensley AO, presented 21 NTQ’s Rules resulting in amendments to the certificates at the 2009 National Trust of Rules being adopted at the 2009 Annual Queensland Bendigo Bank Heritage Awards. General Meeting. The amendments included The number of nominations received was an streamlining some administrative processes increase of over 20% from the previous year and creating other types of regional NTQ and 90 people attended the presentation groups that do not have the formal ceremony held at Old Government House on 27 procedures of branches. August 2009.
• The Honourable Kate Jones MP, Minister for Climate Change and Sustainability launched Queensland’s first Heritage Strategy, which features the National Trust.
• For the first time, Queensland had two nominations included in the 2009 national top ten ‘Our Heritage@Risk’ list: Middenbury, the former ABC Studios at Toowong; and Victoria Barracks, Petrie Terrace, Brisbane.
Heritage Awards 2009 National Trust of Queensland Page 9 Annual Report 2009-2010
Highlights and Achievements for 2009‐2010
Community involvement and participation
• The NTQ Townsville Heritage Centre displays on stories relating to the Chinese in Volunteers won a Silver Award in the the Cooktown region, including their Community Awards category at the 2009 connections with the local Aboriginal people. NTQ Bendigo Bank Heritage Awards in recognition of more than three decades of • The garden at the James Cook Museum won involvement at the Heritage Centre. second place in the business/club category of the Cook Shire Council’s Garden • After being closed for many years, Don Competition. Roderick Memorial Art Gallery upstairs at the Stock Exchange Arcade, Charters Towers, • The second annual ‘Tastes of the Tablelands’ was reopened by a band of committed local festival was held in October at Atherton volunteers. Chinatown. The event, run by the Rotary Club of Atherton, attracted many stall • In April 2010, the Zara Clark Museum in holders and about 4,000 visitors. Charters Towers was also reopened by a dedicated group of local volunteers. The • The Wolston House Volunteers has grown Museum had been closed since July 2009 into an enthusiastic group of 24, serving because it was unsustainable to have paid High Teas and undertaking many maintenance jobs. staff at the Museum.
• CWS was named in the top 150 icons as • At an afternoon soiree held at Wolston part of the Q150 celebrations, making the House on World Heritage Day 18 April top ten in the category ‘Locations – The 2010, Her Excellency, Ms Penelope towns, parks and recreation attractions that Wensley AO, Governor of Queensland, and put the state on the map’. The icons list was 90 guests farewelled past President John based on votes received from the community. Jackson and welcomed new President Stephen Sheaffe. We would like to • Volunteers at Hou Wang Temple have been acknowledge the volunteer support extending the opening hours to cater for provided by hospitality students from South extra visitors in peak periods. Bank Institute of Technology.
• James Cook Museum hosted many community • The NTQ Ipswich Working Group has events including: the ‘Night at the Museum’ reformed and is putting their enormous closing event of the Cooktown Arts Festival; energies into volunteering at Wolston House the Sunset Soiree fundraising event; the Re- and organising the Branch Conference and enactment Association’s fundraising event AGM in Ipswich to be held in November celebrating the 230th anniversary of James 2010. Cook’s death held on 14 February; and a presentation by American adventurer Mr Erden Eruc during his solo, human-powered circumnavigation of the world; a 40th anniversary morning tea to celebrate the official opening of James Cook Museum on 22 April, 1970 by HRH Queen Elizabeth.
• At the third ‘Rediscovered Past’ Chinese Australian History Conference, Cairns, a presentation concerning the Queensland Dragon-Chinese in the North exhibition and the internment of Chinese remains at Cooktown Cemetery was delivered. This presentation provided an overview of visitor responses and explored ideas for proposed High Tea at Wolston House, Wacol Page 10 National Trust of Queensland Annual Report 2009-2010
Contribution to Government Objectives and Reporting
NTQ makes a valuable contribution to the heritage and environmental objectives of the Queensland Queensland Heritage Strategy and Australian governments. The Queensland Heritage Strategy: a ten year plan was launched by the Honourable Kate Jones MP, Toward Q2 Minister for Climate Change and Sustainability, in 2009 at Newstead House, Brisbane. Along with the Toward Q2: Tomorrow’s Queensland is the Queensland Heritage Council and the Department of Queensland Government’s statement of its broad Environment and Resource Management, NTQ is one objectives for the community. It is the government’s of the agencies responsible for the implementation vision for Queensland and outlines five ambitions of the actions in this Strategy. (strong, green, smart, healthy and fair) and 10 targets to achieve this vision by 2020. In 2009-2010, NTQ contributed to the implementation of this Strategy by: As a statutory body, NTQ makes an important • Presenting the 2009 National Trust of contribution to this vision in the following ways: Queensland Bendigo Bank Heritage Awards in conjunction with the Queensland Heritage Council; GREEN • Staging the 2010 Queensland Heritage Festival; • The Community Wildlife Hospital, funded wholly • Advocating at the national level for greater by the operations of CWS, cares for over investment in Queensland’s heritage through the 5,000 injured and sick native animals each Australian Council of National Trusts; year, 75% of the total treatments are animals • Promoting a culture of philanthropy that supports which come from outside CWS rather than from Queensland’s heritage through NTQ Heritage CWS’s collection; Conservation Appeals, particularly the Brisbane • CWS has over 1,400 native animals from 200 ‘Save City Hall’ appeal; species which contribute to CWS’s education • Building strategic links with community business and research programs, as well as making a and professional groups to promote heritage, valuable contribution to the Gold Coast tourism including engaging with corporate sponsors, industry; engaging with local governments, and working • CWS has over 27 hectares of recreational area with Australia ICOMOS; and including important areas of rainforest; and • Maintaining Queensland’s active representation • NTQ has 11 other properties scattered over the at a national level through the Australian Council state which provide publicly-accessible of National Trusts. recreation areas and provide educational and cultural experiences, particularly in regional Commonwealth National Trust areas. Partnership Program (NTPP) FAIR • NTQ has over 300 active volunteers across For the 2009/2010 financial year, the eight Queensland engaged in activities such as individual Commonwealth grants to the National research, tour guiding, building and property Trusts in Australia were combined as a single grant maintenance, governance, animal care, and to the Australian Council of National Trusts (ACNT). school programs; The focus of these grants also shifted to national • Many of NTQ’s volunteers are in the older age projects grouped under the Commonwealth’s groups, which is an area of low rates of heritage objectives of: volunteering and a target for improvement; and • Identification and recognition of Australia’s • NTQ is one of many community organisations heritage (including recognition of the social, that could not operate without the efforts of its cultural and economic value of heritage); many volunteers. • Celebration of Australia’s heritage; • Protection of Australia’s heritage (including sustainable use of sites); and • National leadership for the National Trusts and promote best practice heritage management. National Trust of Queensland Page 11 Annual Report 2009-2010
Contribution to Government Objectives and Reporting Indigenous Matters
NTQ continued to engage with Indigenous people and their culture particularly at CWS and the James Cook Museum. Highlights included: • The performance of the Jaran Aboriginal Dance Troupe at the opening of the 2010 Heritage Festival at CWS and the speech by troupe leader Graham Blanco; • Local Aboriginal people involved in an ITEC work experience program where participants researched information relating to plants of interest of the Cooktown area, as previously noted by Joseph Banks in 1770. Information compiled featured local uses for these species; and • Traditional owners conducting tours of the award-winning garden at James Cook Museum, Cooktown. Overseas Travel
CWS staff members travelled overseas during 2009-2010 to promote the commercial activities of the Sanctuary. This travel was funded by income generated by CWS and no government funding was used for this travel. Details of this overseas travel are set out in the table below:
Name Destination Date Reason for Travel Cost Funding Position Source Ann Hubbard Orlando USA 11-20 November Product and $3,644 CWS Retail Manager 2009 presentation research CWS and development Donna Berry Orlando USA 11-20 November Product and $3,644 CWS Ass. Retail 2009 presentation research Manager CWS and development Shirley Kwan Malaysia, 17-26 August 2009 Sales Calls with $3,280 CWS Product and Kuala Lumpur Dreamweaver plus Promotions Singapore Tourism Queensland Manager Presentation CWS Taiwan- 15-30 November Sales Calls plus Sales $3,730 CWS Shanghai- 2009 Calls with Gold Coast Guongzhou-HK Tourism in Shanghai HK, China, 5-15 March 2009 Queensland on tour $5,550 CWS Taiwan China Trade Mission with Tourism Queensland and Sales Calls South East Asia 11-17 April 2010 Tourism Queensland $5,391 CWS Trade Show—South East Asia Kirsty Bell Auckland, New 23-29 July 2009 Attend Flight Centre $1,420 CWS Sales Executive Zealand Travel Show CWS Auckland, New 17-20 March 2010 OZ Talk NZ Share $3,411 CWS Zealand Booth Participation Ken Holmes UK, Europe, 13-29 March 2010 Tourism Australia New $10,404 CWS Sales Manager, USA Product Sales Mission Western and Workshop Hemisphere, CWS
Camille China 28 May to 4 June Sick koala $1913 CWS Alexandra, Vet, 2010 CWS Page 12 National Trust of Queensland Annual Report 2009-2010
Organisational Structure
Patron: Minister: NTQ COUNCIL Her Excellency The Honourable Kate Jones MP, Ms Penelope Wensley AO President: Stephen Sheaffe Minister for Climate Change and Governor of Queensland Sustainability.
Currumbin Wildlife Sanctuary (CWS) NTQ COUNCIL
Committees and Working Groups •Audit and Risk Management CWS Board •Membership Committee (a Committee of NTQ Council) Chair: Henry Smerdon •Properties Advisory Group
NTQ Executive Officer CWS Chief Executive Officer
NTQ HEAD PROPERTIES VOLUNTEER BRANCHES & CWS STAFF OFFICE WORKING GROUPS
James Cook Museum Charters Towers F/T 65 F/T 3 F/T (Manager) 1 Museum • Far Northern Branch P/T 44 P/T 2 P/T Staff 1 Volunteers 28 (8 volunteers) Casual 53 Casual 1 Casuals 3 Lessee 1 • Townsville TOTAL 162 Volunteers 7 Volunteers 0 (9 volunteers)
• Mackay Hou Wang Temple Townsville P/T (Manager) 1 Heritage Centre (3 volunteers) Casuals 3 Volunteers 22 • Gympie Volunteers 15 (8 volunteers) CWS VOLUNTEERS • Ipswich Mt Isa Brennan & Geraghty’s (10 volunteers) Park 109 Lessee 1 Lessee 1 Hospital 80 Volunteers 8 Wildlife 55 TOTAL 244 Lyalls Store Royal Bulls Head Inn Lessee 1 Lessee 1
Stock Exchange Moon’s Reserve Arcade Lessee 1 Lessees 6 Volunteers 30 Wolston House P/T (Manager) 1 Volunteers 24
National Trust of Queensland Page 13 Annual Report 2009-2010
Organisational Structure
Patron Her Excellency, Ms Penelope Wensley AO Governor of Queensland
NTQ Council
Elected Attendance Dr John Jackson President (to Jan 2010) 5/6 (resigned Jan 2010)
Mr Stephen Sheaffe Treasurer (to Jan 2010) 12/12 Vice-President (Nov 2009 to Jan 2010) President (from Jan 2010)
Ms Jackie Branch Treasurer (from Feb 2010) 2/4
Major Austin Hogan Senior Vice-President (to Nov 2009) 4/12 Councillor
Mrs Ann Garms Senior Vice-President (from Nov 2009) 11/12 Vice-President (to November 2009)
Dr Dorothy Gibson-Wilde Vice-President 9/12
Ms Peta Dennis Honorary Secretary (to Nov 2009) 3/4
Mr David MacLaughlin Honorary Secretary (from Nov 2009) 10/12
Mrs Janet Hogan Councillor 3/12
Dr Judith Jensen Councillor (resigned June 2010) 4/11
Mrs Bronwyn McAdam Councillor 6/8
Mr Malcolm Elliott Councillor 10/12 Appointed Attendance
Dr Ian Galloway Director 6/12 Queensland Museum
Mrs Glenda Sheaffe representing the Royal 12/12 Historical Society of Queensland Page 14 National Trust of Queensland Annual Report 2009-2010
Organisational Structure
NTQ/CWS Executive Board Trust Committees, Branches, Working Groups and Chairpersons
Audit and Risk Management Chair: Ms Jackie Branch Dr John Jackson (resigned Jan 2010) Committee Membership Committee Chair: Mr Malcolm Elliott Mr Stephen Sheaffe Northern Regional Heritage Chair: Dr Dawn May Mr Henry Smerdon Committee Cairns and Far Northern Branch Chair: Dr Janice Wegner Mr Don Channer Gympie Branch Chair: Mr Bob Fredman
Ms Sarah Cobb (resigned Dec 2009) Townsville Branch Chair: Dr Dorothy Gibson-Wilde/ Mr Ray Holyoak Dr Ian Galloway (appointed Jan 2010) Mackay Branch Chair: Mrs Lynne Robson
Mr Chris Mills Ipswich Working Group Chair: Mr Arthur Frame Brisbane City Hall Conservation Chair: Mr Geoff Rogers Dr Bruce Cook Appeal Committee Other Appeal Committees
National Trust of Queensland Staff Head Office Currumbin Wildlife Sanctuary
Executive Officer Mr Stewart Armstrong Chief Executive Officer Mr Jonathan Fisher
Finance Manager Mr Ken Harper General Manager Mr David Luxton (until Jun 2010) Sales and Marketing Accounts Payable Clerk Mrs Jenny Squire (part-time) Financial Controller Mr Darren Larkin (until Sept 2009)
Heritage Information Dr Valerie Dennis Financial Controller Mr Ben Graziani (from Sept 2009) Officer (part-time) Retail Manager Ms Ann Hubbard Membership Secretary Mrs Sharon Kleinschmidt Environment Manager Ms Jenny Lunney
Communication and Ms Sue Finnigan Curator of Life Sciences Mr Matthew Hingley (until May 2010) Administration Wildlife Manager Mr Brett Smith (from May 2010)
Property Managers Human Resources Coordinator Ms Jane Jamieson (from Oct 2009)
Human Resources Payroll Ms Robin Kenny James Cook Museum Mrs Penny Johnson Manager
Atherton Chinatown Mrs Rhonda Micola Senior Veterinarian Dr Michael Pyne von Furstenrecht Executive Chef Mr Alan Jane
Wolston House Mrs Jenny Squire Education Manager Ms Cait Feldmann (part-time) Maintenance Manager Mr David Noble National Trust of Queensland Page 15 Annual Report 2009-2010
Sponsors, Partners and Major Donors
The National Trust of Queensland gratefully acknowledges and thanks the following major sponsors and supporters:
Bendigo Bank Treasury Casino and Hotel, Brisbane Queensland Heritage Council
The Currumbin Wildlife Sanctuary would also like to thank its sponsors and partners for their continued support:
Bendigo Community Bank, Tugun Queensland Airports Ltd Showcase Shopping Centre, Coolangatta Cadbury Schweppes RACQ Insurance Streets Ice Cream Currumbin Vikings Surf Life Saving Club Queensland Symphony Orchestra Radisson Resort Eco Village John Flynn Hospital Talent2
The National Trust of Queensland also gratefully acknowledges the generous bequest of the late Mr David Willis.
Green Challenge, Currumbin Wildlife Sanctuary Kangaroo Feeding, Currumbin Wildlife Sanctuary Page 16 National Trust of Queensland Annual Report 2009-2010
Heritage Conservation Appeals
All Saints, Wickham Terrace Brisbane Brisbane ‘Save City Hall’ Brisbane Brisbane Polo Club, Naldham House Brisbane Christ Church, Milton Brisbane City Tabernacle Baptist Brisbane Cressbrook Station Toogoolawah English Speaking Union, Palma Rosa, Hamilton Brisbane Graceville Uniting Church Brisbane Holy Trinity Church, Fortitude Valley Brisbane Holy Trinity Church Mackay Moreton Club, Bertholme, New Farm Brisbane Sacred Heart Church, Townsville St Andrew’s Uniting Church, Ann St Brisbane St Andrew’s Anglican Church, Vulture St South Brisbane St Andrew’s Church Bundaberg St Brigid’s Church, Red Hill Brisbane St Brigid’s Church Rosewood St James’ Cathedral Townsville St John’s Cathedral Completion Brisbane St Joseph’s Cathedral Rockhampton St Luke’s Church Toowoomba St Mary’s Catholic Church Beaudesert St Mary’s Catholic Church Ipswich St Mary’s Anglican Church, Kangaroo Point Brisbane St Monica’s Cathedral Cairns St Paul’s Anglican Church Ipswich St Paul's Presbyterian Church, Spring Hill Brisbane St Paul’s Cathedral Rockhampton St Thomas’ Anglican Church, Toowong Brisbane United Service Club Brisbane
St John’s Cathedral, Brisbane Brisbane City Hall National Trust of Queensland Page 17 Annual Report 2009-2010
Grants Received
During 2009-2010, NTQ received a total of $1,365,364 (exclusive of GST) in grant funding. In addition, CWS also received a total of $470,591 (exclusive of GST) in grant funding. The individual grants are listed below:
• Commonwealth Government Heritage Projects • Queensland Government ‘Living Buildings and (Jobs Fund) through the Department of the Places’ grant through the Department of Environment, Water, Heritage and the Arts for Environment and Resource Management for the Stock Exchange Arcade, Charters Towers: the Cressbrook Station Conservation Appeal: $702,286 $68,182
• Commonwealth Government Heritage Projects • Queensland Government ‘Living Buildings and (Jobs Fund) through the Department of the Places’ grant through the Department of Environment, Water, Heritage and the Arts for Environment and Resource Management for Brennan and Geraghty’s Store and Residences: the Royal Bulls Head Inn, Drayton: $250,000 $22,614
• Commonwealth Government Heritage Projects • Queensland Government ‘Living Buildings and (Jobs Fund) through the Department of the Places’ grant through the Department of Environment, Water, Heritage and the Arts for Environment and Resource Management for Wolston House: the Mt Isa Tent House: $136,500 (of a total grant of $273,000) $4,091 (of a total grant of $15,000)
• Commonwealth Government Heritage Projects • Townsville City Council for the Townsville (Jobs Fund) through the Department of the Heritage Centre: Environment, Water, Heritage and the Arts for $5,508 James Cook Museum: $43,636 • Fraser Coast Regional Council for Brennan and Geraghty’s Store and Residences: • Commonwealth Government National Trust $2,640 Partnership Program through the Department of Environment, Water Heritage and the Arts: • Brisbane City Council for the Queen’s Wharf $78,000 Heritage Precinct brochure: $1,772 • Queensland Government annual grant-in-aid through the Department of Environment and • Brisbane City Council Senior Citizens Grant Resource Management: for the Wolston House volunteers: $50,000 $135
In addition, CWS also received the following grants (exclusive of GST):
• Commonwealth Government Jobs Fund Grant • Commonwealth Government TQUAL for the native plant teaching garden and re- Grant through AusIndustry for the develop- habilitation aviary at the Community Wildlife ment of the Alex Griffiths House: Hospital: $90,000 $346,933 • National Green Jobs Corps: $33,658 Page 18 National Trust of Queensland Annual Report 2009-2010
Visitation Figures
Number of paying visitors to National Trust of Queensland properties open at a charge. trend Currumbin Wildlife Sanctuary 355,534 ↓ 5%
James Cook Museum 26,604 ↓ 8%
Atherton Chinatown 3,379 ↑ 22%
Wolston House 2,552 ↑ 6.5%
Zara Clark Museum * 911 ↓ 42%
Townsville Heritage Centre 859 ↑ 2.5%
Mt Isa Tent House (estimate) 600 Steady
Brennan and Geraghty’s Store 3,686 ↓11%
Royal Bulls Head Inn 1,010 ↑ 1%
* Zara Clark Museum, Charters Towers, was closed from July 2009 to April 2010.
Ken Brooks welcomes visitors to the Brennan and Geraghty Store Museum, Maryborough National Trust of Queensland Page 19 Annual Report 2009-2010
The National Trust of Queensland Bendigo Bank Heritage Awards—2009
National Trust Community Awards Gold Colonial Living History at Tingalpa Cemetery, Q150 Project Silver Museum of Nursing History, Royal Brisbane and Women’s Hospital Silver Heritage Centre Volunteers, Townsville Branch, National Trust of Queensland High Commendation Gladstone to Monto by Road
Governor’s Heritage Awards Gold 10 Days in August exhibition & Showtime publication Gold Former West’s Furniture Showroom, Fortitude Valley Gold Interpreting Old Government House Silver Book of the exhibition, Going to the gums….the lazaret on Peel Island. Silver Ravenswood Worker’s House Restoration Silver The Sir Robert Philp Lecture Series Silver Japanese House, Ingham, Conservation Management Plan High Commendation Northern Busway, Heritage Interpretation High Commendation Boggo Road Tunnel, Dutton Park High Commendation St Mary’s Precinct, Kangaroo Point, Conservation Management Plan High Commendation Maryborough Heritage Centre, Conservation Management Plan High Commendation Morrison Hall, University of Queensland, Gatton Campus, Conservation Management Plan High Commendation Kedron Lodge, Wooloowin, Conservation Management Plan
Queensland Heritage Council Awards Gold Award Old Government House Restoration and Adaptation Silver Award Warroo Shire Hall, Surat, Conservation Management Plan and Heritage Conservation Silver Award Barambah Station Conservation
John Herbert Memorial Award Old Government House Restoration, Adaptation and Interpretation Page 20 National Trust of Queensland Annual Report 2009-2010
Annual Reporting Requirements Checklist
Annual report Summary of requirement Basis for requirement reference Accessibility Table of contents ARRs – section 8.1 Included in the report Glossary
Public availability ARRs – section 8.2 Included in the report Interpreter service statement Queensland Government Included in the report Language Services Policy Copyright notice Copyright Act 1968 Included in the report
Letter of A letter of compliance from the ARRs – section 9 Included in the report, compliance accountable officer or statutory although modified body to the relevant Minister(s) Agency role and main functions ARRs – section 10.3 Introductory Relevant areas included Operating environment ARRs – section 10.3 information in the report External scrutiny ARRs – section 10.3 Machinery of government changes ARRs – section 10.3 Review of proposed forward ARRs – section 10.3 operations
Non-financial Government objectives for the ARRs – section 11.2 Included in the report performance community Agency objectives and performance ARRs – section 11.5 Included in the report indicators Agency outputs and output ARRs – section 11.6 Included in the report performance measures Financial Summary of financial performance ARRs – section 12.1 Report from the performance Treasurer included in the report
Disclosure of budget v actual results ARRs – section 12.2 Strongly encouraged – not included. Report from the Chief Finance Officer (CFO) statement ARRs – section 12.3 Treasurer included in the report Governance – Organisational structure ARRs – section 13.1 Included in the report management and structure Executive management ARRs – section 13.2 Included in the report Related entities ARRs – section 13.3 Not applicable Schedule of statutory authorities or ARRs – section 13.4 Not applicable instrumentalities Boards and committees ARRs – section 13.5 Not applicable
Public Sector Ethics Act 1994 Public Sector Ethics Act 1994 Not applicable - implementation statement giving details of the action taken during the (section 23 and Schedule) reporting period Whistleblowers Protection Act 1994 Whistleblowers Protection Act Not applicable - public interest disclosures received 1994 (sections 30 – 31 and Schedule) National Trust of Queensland Page 21 Annual Report 2009-2010
Annual Reporting Requirements Checklist
Annual report Summary of requirement Basis for requirement reference Governance – risk Risk management ARRs – section 14.1 NTQ has established an management and Audit and Risk accountability Management Committee Audit committee ARRs – section 14.2 Included in the report
Internal Audit ARRs – section 14.3 Not applicable
Governance – Workforce planning, attraction and ARRs – section 15.1 NTQ does not yet have human resources retention a policy for this area, although it does have flexible working hours, work from home and telecommuting arrangements. Early retirement, redundancy and Directive No.17/09 Not applicable retrenchment Early Retirement, Redundancy and Retrenchment Initiatives for women ARRs – section 15.1 and 15.3 Not applicable Over 50% of the NTQ Council are women
Governance – Consultancies ARRs – section 16.1 NTQ engage the operations services of design and building professionals defined as contractors for professional services. Overseas travel ARRs – section 16.2 Table included in the report. Information systems and Public Records Act 2002 NTQ does not yet have recordkeeping a system of compliance for the Public records Act requirements. Waste management Environmental Protection Not applicable (Waste Management) Policy 2000, Environmental Protection Act 1994
Other prescribed Indigenous matters (Queensland Queensland Government Included in the report. requirements Government Reconciliation Action Reconciliation Action Plan Plan 2009-2012) 2009-2012
Shared services ARRs – section 17.1 Not applicable
Carbon emissions Premier’s Statement Not applicable
Optional Corrections to previous annual reports ARRs – section 18.2 Optional – not included information that may be reported Right to Information Right to Information Act 2009 Optional – not included
Information Privacy Information Privacy Act 2009 Optional – not included
Native title N/A Optional – not included Page 22 National Trust of Queensland Annual Report 2009-2010
Annual Reporting Requirements Checklist
Annual report Summary of requirement Basis for requirement reference Financial Annual general purpose financial Financial Reporting Included in the report statements statements Requirements for Queensland Government Agencies
Certification of financial statements FA Act – section 62 Included in the report
FPMS – sections 42, 43 and 50 Signed by NTQ President and Treasurer
Independent Auditors Report FA Act – section 62 Included in the report
FPMS – section 50 Remuneration disclosures Financial Reporting Included in the report Requirements for Queensland Government Agencies Refer Note 22: Related Party Transactions
Glossary and Abbreviations
ACNT Australian Council of National Trusts
ADFAS Australian Decorative and Fine Arts Society
ARRs Annual Report Requirements for Queensland Government Agencies
CWS Currumbin Wildlife Sanctuary
DERM Queensland Department of Environment and Resource Management
FA ACT Financial Accountability Act 2009
F/T Full Time
FPMS Financial and Performance Management Standard 2009
GST Goods and Services Tax
HRH Her Royal Highness
ICOMOS International Council on Monuments and Sites
NTPP Commonwealth National Trust Partnership Program
NTQ National Trust of Queensland
P/T Part Time
RAP Reconciliation Action Plan
TQUAL ‘Tourism Quality’ grants program, formerly known as the Australian Tourism Development Program
National Trust of Queensland Page 23 Annual Report 2009-2010
FINANCIAL REPORT
NATIONAL TRUST OF QUEENSLAND
For the Year Ended 30 June 2010
Statement of Comprehensive Income 24
Statement of Financial Position 25
Statement of Changes in Equity 26
Statement of Cash Flows 27
Notes to the Financial Statements 28-46
Certificate by Management Council 47
Independent Auditor’s Report 48-49 Page 24 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 25 Annual Report 2009-2010 Page 26 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 27 Annual Report 2009-2010 Page 28 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 29 Annual Report 2009-2010 Page 30 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 31 Annual Report 2009-2010 Page 32 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 33 Annual Report 2009-2010 Page 34 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 35 Annual Report 2009-2010 Page 36 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 37 Annual Report 2009-2010 Page 38 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 39 Annual Report 2009-2010 Page 40 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 41 Annual Report 2009-2010 Page 42 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 43 Annual Report 2009-2010 Page 44 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 45 Annual Report 2009-2010 Page 46 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 47 Annual Report 2009-2010 Page 48 National Trust of Queensland Annual Report 2009-2010 National Trust of Queensland Page 49 Annual Report 2009-2010 Page 50 National Trust of Queensland Annual Report 2009-2010
FINANCIAL REPORT
NATIONAL TRUST OF QUEENSLAND CURRUMBIN WILDLIFE SANCTUARY ABN 93 384 397 298
For the Year Ended 30 June 2010
Statement of Comprehensive Income 51
Statement of Financial Position 52
Statement of Changes in Equity 53
Statement of Cash Flows 54
Notes to the Financial Statements 55-76
Certificate by Management Council 77
Independent Auditor’s Report 78-79 National Trust of Queensland Page 51 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2010
Notes 2010 2009 $$
INCOME FROM CONTINUING OPERATIONS Sales revenue (2) 5,630,659 5,304,860 Less cost of goods sold (1,853,321) (1,761,412) 3,777,338 3,543,448
Admissions revenue (2) 7,380,681 7,097,437 Sponsorships and donations (2) 821,258 130,519 Other revenue (2) 551,126 612,128 12,530,403 11,383,532
EXPENSES FROM CONTINUING OPERATIONS
Administration and professional expenses (3) (1,319,153) (1,546,203) Depreciation and amortisation expenses (4) (645,505) (658,558) Operating costs (5) (3,048,724) (2,774,938) Unrealised loss on sale of land (30,000) - Wage and employment costs (6) (7,256,983) (6,954,568) Finance costs (82,209) (87,545) (12,382,574) (12,021,812)
OPERATING RESULT FROM CONTINUING OPERATIONS 147,829 (638,280)
OTHER COMPREHENSIVE INCOME
Increase (decrease) in asset revaluation surplus (11) (717,922) 5,609,148
TOTAL COMPREHENSIVE INCOME (570,093) 4,970,868
This Financial Statement should be read in conjunction with the accompanying notes. Page 52 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2010
Notes 2010 2009 $$ CURRENT ASSETS Cash and cash equivalents (7) 465,954 506,455 Trade and other receivables (8) 213,680 195,005 Other assets (9) 65,234 88,703 Inventories (10) 433,585 503,428 1,178,453 1,293,591 Non-current assets classified as held for sale - land 730,000 -
TOTAL CURRENT ASSETS 1,908,453 1,293,591
NON-CURRENT ASSETS Property, plant and equipment (11) 44,769,747 46,416,590 TOTAL NON-CURRENT ASSETS 44,769,747 46,416,590
TOTAL ASSETS 46,678,200 47,710,181
CURRENT LIABILITIES Trade and other payables (12) 2,315,601 2,169,281 Interest bearing liabilities (13) 404,658 376,529 Provisions (14) 165,715 115,872
TOTAL CURRENT LIABILITIES 2,885,974 2,661,682
NON-CURRENT LIABILITIES Trade and other payables (12) - 537,300 Interest bearing liabilities (13) 737,139 908,507 Provisions (14) 123,475 100,987
TOTAL NON-CURRENT LIABILITIES 860,614 1,546,794
TOTAL LIABILITIES 3,746,588 4,208,476
NET ASSETS 42,931,612 43,501,705
EQUITY Asset Revaluation Surplus (15) 32,499,544 33,217,466 Capital Reserve (15) 2,208,918 2,208,918 Accumulated Surplus 8,223,150 8,075,321
TOTAL EQUITY 42,931,612 43,501,705
This Financial Statement should be read in conjunction with the accompanying notes. National Trust of Queensland Page 53 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2010
Asset Revaluation Capital Accumulated Surplus Reserve Surplus Total Equity $$ $ $
Balance as at 1 July 2008 27,608,318 2,208,918 8,713,601 38,530,837 Total Other Comprehensive Income - Inc/(Dec) in Asset Revaluation Surplus 5,609,148 5,609,148 Operating result from Continuing Operations - - (638,280) (638,280) Balance as at 30 June 2009 33,217,466 2,208,918 8,075,321 43,501,705
Total Other Comprehensive Income - Inc/(Dec) in Asset Revaluation Surplus (717,922) (717,922) Operating result from Continuing Operations - - 147,829 147,829
Balance as at 30 June 2010 32,499,544 2,208,918 8,223,150 42,931,612
This Financial Statement should be read in conjunction with the accompanying notes. Page 54 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2010
Notes 2010 2009 $$
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers 15,765,893 14,295,234 GST input tax credits from ATO 688,301 648,099 Interest received 11,769 72,540 Payments to suppliers and employees (14,414,332) (12,928,232) GST remitted to ATO (1,390,100) (1,262,877) Borrowing costs paid (82,280) (87,545)
Net cash provided by operating activities (18) 579,251 737,219
CASH FLOWS FROM INVESTING ACTIVITIES
Payments for property, plant and equipment (476,513) (2,142,110) Proceeds from sale of plant and equipment - 37,071
Net cash used in investing activities (476,513) (2,105,039)
CASH FLOWS FROM FINANCING ACTIVITIES Loan funds received 155,000 300,000 Repayment of loan and lease liabilities (298,239) (229,812)
Net cash provided by financing activities (143,239) 70,188
Net increase/(decrease) in cash and cash equivalents (40,501) (1,297,632)
Cash and cash equivalents at the beginning of the financial year 506,455 1,804,087
Cash and cash equivalents at the end of the financial year (18) 465,954 506,455
This Financial Statement should be read in conjunction with the accompanying notes. National Trust of Queensland Page 55 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements are general purpose financial statements and have been prepared in compliance with section 42 of the Financial and Performance Management Standard 2009. These financial statements have been prepared on an accrual basis in accordance with Australian Accounting Standards and Interpretations. In addition, the financial statements comply with Treasury's Minimum Reporting Requirements for the year ending 30 June 2010, and other authoritative pronouncements.
With respect to compliance with Australian Accounting Standards and Interpretations, Currumbin Wildlife Sanctuary has applied those requirements applicable to not-for-profit entities, as the Sanctuary is a not-for-profit entity. Except where stated, the historical cost convention is used.
The financial report is for the entity National Trust of Queensland - Currumbin Wildlife Sanctuary as an individual entity. The entity is constituted under the Currumbin Bird Sanctuary Act 1976. The entity is part of the National Trust of Queensland, as constituted under the National Trust of Queensland Act 1963. The entity operates a wildlife sanctuary open to the public at Currumbin on the Gold Coast.
The financial report was recommended for issue by the Board to the NTQ Management Council on 25th August 2010.
Basis of Preparation
The financial report has been prepared on an accruals basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets.
The preparation of a financial report in conformity with Australian Accounting Standards requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which forms the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.
The Going Concern Principle
The financial statements have been prepared on a going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.
Significant Accounting Policies
The following is a summary of the material accounting policies adopted by the Sanctuary in the preparation of the financial report.
Page 56 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)
(a) Taxation The activities of the Sanctuary are exempt from Commonwealth taxation except for Fringe Benefits Tax (FBT) and Goods and Services Tax (“GST”). As such, input tax credits receivable from and GST payable to the Australian Taxation Office are recognised and accrued.
(b) Inventories Inventories are measured at the lower of cost and net realisable value. Costs are assigned on a weighted average cost basis.
(c) Property, Plant and Equipment Each class of property plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation. Assets under construction (work in progress) are not depreciated until they reach service delivery capacity. Items of property, plant and equipment with a cost or other value equal to or in excess of the following thresholds are recognised for financial reporting purposes in the year of acquisition: Building and Infrastructure $10,000 Land $1 Other (including heritage and culture) $5,000 Items with a lesser value are expensed in the year of acquisition. Land Improvements undertaken by Currumbin Wildlife Sanctuary are included with buildings.
Land and Buildings
Freehold land and buildings costs are measured on the fair value basis in accordance with AASB 116 Property Plant & Equipment, and Queensland Treasury Non-current Asset Policy. It is the policy of the National Trust of Queensland - Currumbin Wildlife Sanctuary to have an independent valuation every five years, with annual appraisals being made by the Council. Infrastructure assets are recorded at depreciated cost which the board considers is not materially different to the assets fair value.
Any accumulated depreciation on the buildings at the date of the revaluation is restated proportionately with the change in the gross carrying amount of the asset so that the carrying amount of the asset after the revaluation equals its revalued amount.
A revaluation surplus is credited to the asset revaluation reserve included within equity unless it reverses a revaluation decrease on the same asset previously recognised in the income statement. A revaluation deficit is recognised in the income statement unless it directly offsets a previous revaluation surplus on the same asset in the asset revaluation reserve. On disposal, any revaluation reserve relating to sold assets is transferred to retained earnings. National Trust of Queensland Page 57 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)
Depreciation
The depreciable amounts of all fixed assets including buildings and capitalised leased assets, but excluding freehold land, are depreciated over their estimated useful lives to the Sanctuary commencing from the time the asset is held ready for use. Estimates of remaining useful lives are made on a regular basis for all assets, with annual reassessments for major items. The expected useful lives are as follows:
Buildings 5 to 50 years Plant and Equipment 2 to 20 years Motor Vehicle and Machinery 2 to 20 years Furniture and Office Equipment 2 to 20 years Infrastructure Assets 10 to 50 years
(d) Leases Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the Sanctuary are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight line basis over their estimated useful lives where it is likely that the Sanctuary will obtain ownership of the asset, or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred. Lease incentives received under operating leases are recognised as a liability.
(e) Employee Benefits Employer superannuation contributions, annual leave levies and long service leave levies are regarded as employee benefits. Payroll tax and workers' compensation insurance are a consequence of employing employees, but are not counted in an employee's total remuneration package. They are not employee benefits and are recognised separately as employee related expenses.
Wages and salaries, annual leave and long service leave
Liabilities for wages and salaries, including non-monetary benefits, annual leave and long service leave expected to be settled within 12 months of the reporting date are recognised in respect of employees' services up to the reporting date and are measured at the amounts expected to be paid at reporting date including related on-costs, such as workers compensation insurance and payroll tax. Page 58 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)
Non-Vesting Sick Leave
Sick leave is expensed as incurred. Prior history indicates that on average sick leave taken each reporting period is less than the entitlement accrued. This is expected to continue in future periods. Accordingly, it is unlikely that existing accumulated entitlements will be used by employees and no liability for unused sick leave entitlement is recognised.
Contributions to Superannuation Plans
The Sanctuary contributes to employee superannuation funds as required under the Commonwealth Gov- ernment's Superannuation Guarantee Legislation. Contributions to employee superannuation plans are charged as an expense as the contributions are paid or become payable.
Long service leave
The liability for long service leave that employees are entitled to take at year end is recognised as accrued employee entitlements. The balance of the long service leave liability is recognised in the provision for employee benefits and measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date. Consideration is given to expected future wage and salary levels including related on-costs, 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.
(f) 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 con- vertible to known amounts of cash and which are subject to an insignificant risk of changes in value, and bank overdrafts that are repayable on demand and form an integral part of the Sanctuary’s cash manage- ment. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.
(g) Revenue
Goods Sold
Revenue from sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer and can be measured reliably. Risks and rewards are considered passed to the buyer at the time of delivery to the customer. No revenue is recognised if there are significant uncertainties re- garding recovery of the consideration due, the costs incurred or to be incurred cannot be measured relia- bly, there is a risk of return of goods or there is continuing management involvement with the goods. National Trust of Queensland Page 59 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)
Rendering of Services
Revenue from sales of services is recognised in the period in which the service is provided.
Grants and Contribution
Grants, contributions, donations and gifts that are non-reciprocal in nature are recognised as revenue in the year in which the Sanctuary obtains control over them.
Where grants, contributions and donations are received that are reciprocal in nature, revenue is recognised to the extent conditions of the grants, contribution or donation are met, until this happens they are included within liabilities.
(h) Significant revenues and expenses
Where an item of revenue or expense from ordinary activities is of such a size, nature or incidence, that its disclosure is relevant in explaining the financial performance of the entity, its nature and amount have been disclosed separately in the notes.
(i) Goods and Services Tax
Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from the Australian Tax Office (ATO). In these circumstances, the GST is recognised as part of the costs of acquisition of the assets or as part of an item of expense. Receivables and payables are stated with the amount of GST included.
The net amount of GST recoverable from or payable to, the ATO is included as a current asset or liability in the balance sheet. Operating cash flows are included in the statement of cash flows on an overall gross basis. The GST component of cash flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows.
(j) Provisions
Provisions are recognised when the Sanctuary has a present obligation, either legal or constructive, as a result of a past event for which the future sacrifice of economic benefits is probable and the amount of the provision can be reliably measured. The amount recognised as a provision is the best estimate of the amount required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, the cash flows have been discounted to their present value as at reporting date. Page 60 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)
Where some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised where it is probable the recovery will be received and the amount can be reliably measured.
(k) Trade and Other Receivables
All trade debtors are recognised at the amounts receivable as they are due for settlement no more than 30 days from the date of recognition.
The collectability of receivables is assessed periodically with provision being made for impairment as at 30 June. Bad debts are written off in the period in which they are recognised.
(l) Trade and Other Payables
Accounts payable represent goods and services provided to the Sanctuary prior to balance date. The ac- counts are usually settled on the creditors trading terms.
(m) Financing
Financing costs are recognised as an expense in the period in which they are incurred. Finance costs in- clude: • Interest on bank-overdrafts and long term or short term borrowings • Finance lease charges • Ancillary administration charges
(n) Impairment
The carrying amounts of the Sanctuary’s assets, other than inventories, are reviewed where appropriate, to determine whether there is any indication of impairment. If any such indication exists, the asset’s recover- able amount is compared to the assets carrying amount. Any excess of the asset’s carrying value over its recoverable amount is expensed to the income statement.
As the Sanctuary is a not-for-profit entity, in most cases, the value in use is the depreciated replacement cost, however where the asset is principally held for cash generating purposes, the value in use is the dis- counted cash flows expected to be derived from the asset.
Reversals of impairment
An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the car- rying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. National Trust of Queensland Page 61 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont’d)
(o) Animal Collection
The animal collection managed by the Sanctuary is not included within Sanctuary assets. This is consistent with Australian industry practice. The Council regards the animals as part of a regional collection, and not the specific property of the Sanctuary.
(p) Financial Risk Management and Financial Instruments
Activities undertaken by the Sanctuary may expose the organisation to market risk, credit risk, liquidity risk and fair value and cash flow interest rate risk. The organisation’s risk management policies and objectives are therefore designed to minimise the potential impacts of these risks on the results of the organisation where such impacts may be material.
The Sanctuary’s financial instruments consist mainly of deposits with banks, short term investments, accounts receivable, payables and borrowings.
Disclosures of financial instruments and the finance risk exposure associated with them are detailed in note 20.
(q) New and Revised Accounting Standards
The Sanctuary did not voluntarily change any of its accounting policies during 2009-10. Those new and amended Australian accounting standards that were applicable for the first time in the 2009-10 financial year and that had a significant impact on the department's financial statements are as follows.
The Sanctuary complied with the revised AASB 101 Presentation of Financial Statements as from 2009-10. This revised standard does not have any measurement or recognition implications. Pursuant to the change of terminology used in the revised AASB 101, the Balance Sheet is now re-named to the Statement of Financial Position, and the Cash Flow Statement has now been re-named to Statement of Cash Flows. The former Income Statement has been replaced by a Statement of Comprehensive Income. In line with the new concept of' comprehensive income', the bottom of this new statement contains certain transactions that previously were detailed in the Statement of Changes in Equity (refer to the items under the sub-heading "Other Comprehensive Income" in the new Statement of Comprehensive Income).
The Sanctuary has not applied any Australian accounting standards and interpretations that have been issued but are not yet effective. At the date of authorisation of the financial report there were no new or amended Australian accounting standards with future commencement dates which would have material impact on the Sanctuary. Page 62 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 NOTE 2 - REVENUE $ $
Operating Activities Sales Food and beverage sales 2,413,911 2,095,762 Sale of merchandise 1,988,365 2,004,808 Photography sales 1,228,383 1,204,290 5,630,659 5,304,860
Admissions 7,380,681 7,097,437
Sponsorships & Donations Sponsorships 92,635 79,059
Donations - Wildlife Hospital deferred in prior 557,844 - Donations - other 170,779 51,460 821,258 130,519
Other Revenue Interest revenue 11,769 72,540 Profit on sale of non-current assets - 7,363 Other operating revenue 363,157 377,708 Property rental revenue 176,200 154,517 551,126 612,128
Total Revenue 14,383,724 13,144,944
# These donations were classified as reciprocal donations, conditional on the completion of the hospital that opened to the community on 11 September 2009. In accordance with the Sanctuary’s policy on reciprocal donations, all donations received towards the hospital, in- cluding amounts received in prior years and previously included within liabilities have been included as income in this current year. National Trust of Queensland Page 63 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 $$
NOTE 3 - ADMINISTRATION AND PROFESSIONAL EXPENSES
Consultancy expenses 124,937 170,366 Legal fees (see note below) 119,180 316,602 Insurance expense 231,301 212,992 Computer and office equipment maintenance 94,266 120,238 Printing and stationery 76,384 69,146 Rates expense 238,178 201,489 Rental - office equipment 3,525 3,418 Telecommunications 89,105 86,517 Travel and accommodation 93,445 76,835 Other administration expenses 248,832 288,600 1,319,153 1,546,203
Legal fees in 2010 as stated above are mainly in connection with the two specific litigation cases related to the Sanctuary's land and ownership by the NationalTrust ofQueensland. These two cases were both concluded towards the end of the year.
NOTE 4 - DEPRECIATION AND AMORTISATION
Depreciation Buildings 330,988 354,319 Plant and Equipment 145,767 122,446 Motor vehicles and Machinery 60,571 60,019 Furniture and Office Equipment 50,060 62,644 Infrastructure 58,119 59,130
645,505 658,558 Page 64 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 $$
NOTE 5 - OPERATING COSTS
Indigenous performance & interpretation costs 252,273 242,360 Advertising & marketing expenses 964,975 915,424 Attraction Fee - Green Challenge Adventure Parc # 318,434 - Cleaning and maintenance 60,832 56,790 Electricity 152,991 127,836 Equipment maintenance 101,042 88,055 Equipment replacement 165,559 187,503 Animal food and nutrition 197,764 190,562 General maintenance 241,884 306,447 Holiday show expenses 375 35,498 Audit Fees - External 41,845 36,845 Audit Fees - Internal 20,000 17,155 Board expenses 64,053 66,029 Other expenses 466,697 504,434
3,048,724 2,774,938
#The attraction fee payable relates to the new Green Challenge Adventure Parc high trees ropes attraction that opened to the public on 14 September 2009.
NOTE 6 - WAGES AND EMPLOYMENT COSTS
Employee Benefits Wages and salaries 6,183,507 5,907,034 Employer superannuation contributions 558,231 506,955
Employee Related Expenses Workers' compensation premium 58,122 81,600 Payroll tax 335,500 306,660 Other employee related expenses 121,623 152,319
7,256,983 6,954,568
The average number of employees including both full-time employees and 125 122 part-time employees measured on a full-time equivalent basis is: National Trust of Queensland Page 65 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 $$
NOTE 7 - CASH AND CASH EQUIVALENTS
Cash on hand 51,593 57,837 Cash at bank - operating 298,975 448,618 Cash at bank - unused grants 115,386 - 465,954 506,455
NOTE 8 - TRADE AND OTHER RECEIVABLES
Trade receivables 213,680 199,469 Less provision for impairment - (4,464) 213,680 195,005
NOTE 9 - OTHER ASSETS
Other prepayments 65,234 88,703
NOTE 10 - INVENTORIES
Food and beverage 49,953 67,349 Merchandise and photography 383,632 436,079 433,585 503,428 Page 66 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 $$
NOTE 11 - PROPERTY, PLANT & EQUIPMENT
Land at fair value 35,371,093 36,849,015
Buildings at fair value 12,157,366 10,828,239 Less accumulated depreciation (5,152,623) (4,821,635)
7,004,743 6,006,604
Plant and equipment at cost 2,959,495 2,463,247 Less accumulated depreciation (2,214,352) (2,068,584)
745,143 394,663
Motor vehicles and machinery at cost 762,409 762,408 Less accumulated depreciation (708,514) (691,346)
53,895 71,062
Motor vehicles and machinery under finance lease at cost 217,020 217,021 Less accumulated amortisation (96,438) (53,035)
120,582 163,986
Furniture and office equipment at cost 991,206 991,228 Less accumulated depreciation (882,408) (832,370)
108,798 158,858
Infrastructure assets at cost 1,968,986 1,968,986 Less accumulated depreciation (937,428) (879,309)
1,031,558 1,089,677
Capital works in progress (detailed below) 333,935 1,682,725
Total property, plant and equipment 44,769,747 46,416,590 National Trust of Queensland Page 67 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 11 - PROPERTY, PLANT & EQUIPMENT (CONT'D)
Land and Buildings were revalued to their fair value effective 30 June 2006. Valuations were conducted independently by Australian Pacific Valuers. A high level desktop valuation was commissioned for the 2010 reporting period for land assets which suggested that market values had increased by 5% over the last 12 months. As desktop indices are calculated based on a high level assessment of general market performance over the period of assessment an inherent danger exists that, when applied over an extended period of time in a highly volatile market, these indices can result in misstatement of values. It was considered prudent to make no increase to values in this period. A full valuation will be undertaken as at 30 June 2011.
The "Clarkes Corner" vacant land property was contracted for sale subsequent to year end at a sale price of $760,000. A revaluation decrement of $717,922 has been recognised for the "Clarkes Corner" vacant land.
The fair value of the land and the buildings outside of the Sanctuary's operational area has been determined by reference to market values. The fair value of buildings inside the Sanctuary's operational area has been determined based on a depreciated replacement cost basis. The fair value of the land has been discounted for restrictions over the use of the land.
Reconciliation of asset movements for the year ended 30 June 2010 Land Buildings Plant & Motor Equipment Vehicles/Mach $$ $ $
Carrying amount at 1 July 36,849,015 6,006,605 394,662 235,048 Acquisitions - 34,975 - - Transfers between classes - 1,294,151 496,248 - Depreciation expense - (330,988) (145,767) (60,571) Revaluation (717,922) - - - Reclassification (760,000) - - - Carrying amount at 30 June 35,371,093 7,004,743 745,143 174,477
Furniture & Capital Works Infrastructure Total Office Equip in Progress Assets $$ $ $ Carrying amount at 1 July 158,858 1,682,725 1,089,677 46,416,590 Acquisitions - 441,609 - 476,584 Transfers between classes - (1,790,399) - - Depreciation expense (50,060) - (58,119) (645,505) Revaluation - - - (717,922) Reclassification - - (760,000) Carrying amount at 30 June 108,798 333,935 1,031,558 44,769,747 Page 68 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 11 - PROPERTY, PLANT & EQUIPMENT (CONT'D)
Reconciliation of asset movements for the year ended 30 June 2009 Land Buildings Plant & Motor Equipment Vehicles/Mach $$ $ $
Carrying amount at 1 July 31,980,500 5,015,850 478,104 205,809 Acquisitions - 604,441 39,005 118,966 Disposals - - - (29,708) Depreciation expense - (354,319) (122,447) (60,019) Reclassification - - - - Carrying amount at 30 June 36,849,015 6,006,605 394,662 235,048
Furniture & Capital Works Infrastructure Total Office Equip in Progress Assets $$ $ $ Carrying amount at 1 July 96,825 371,093 1,099,217 39,247,398 Acquisitions 124,677 1,311,632 49,590 2,248,310 Disposals - - - (29,708) Depreciation expense (62,644) - (59,130) (658,558) Revaluation - - - 5,609,148 Reclassification - - - Carrying amount at 30 June 158,858 1,682,725 1,089,677 46,416,590 National Trust of Queensland Page 69 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 $$
NOTE 12 - TRADE AND OTHER PAYABLES
CURRENT Trade creditors 978,572 1,119,416 Accrued expenses 329,363 595,023 Revenue received in advance 436,933 10,965 Net GST payable 191,796 77,506 Annual Leave and days in lieu 378,937 366,371
2,315,601 2,169,281
NON-CURRENT Revenue received in advance - 537,300
NOTE 13 - INTEREST BEARING LIABILITIES
CURRENT Unsecured loans 341,211 343,264 Lease liability - secured 63,447 33,265
404,658 376,529
NON-CURRENT Lease liability - secured 81,611 145,903 Unsecured loans 655,528 762,604
737,139 908,507
Lease liabilities are effectively secured as the rights to the leased assets revert to the lessor in the event of default. The average lease term is 3.8 years and implicit interest rates range from 8.5% to 12% (2009: 8.5% to 12%). Interest on finance leases is recognised as an expense as it accrues. No interest has been capitalised during the current or comparative reporting period.
The unsecured loans above are Queensland Treasury Corporation borrowings. All borrowings are in $A denominated amounts, and no interest has been capitalised during the current or comparative reporting period. There have been no defaults or breaches of any loan agreements during the period.
The Queensland Treasury Corporation loans comprise a short term $400,000 line of credit expiring in September 2010 of which $155,000 was drawn down at the year end and the balance outstanding on a term loan facility which was increased to $1.2m in April 2008. This term loan is repayable in quarterly instalments over a period of five years to April 2013. The current interest rate on Queensland Treasury Corporation borrowings is 6.2%. As it is the intention of the department to hold its borrowings for their full term, no fair value adjustment is made to the carrying amount of the borrowings. Page 70 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 14 - PROVISIONS
CURRENT Provision for long service leave 165,715 115,872
NON-CURRENT Provision for long service leave 123,475 100,987
NOTE 15 - RESERVES 2010 2009
$$
Capital reserve 2,208,918 2,208,918 Asset revaluation surplus 32,499,544 33,217,466
34,708,462 35,426,384
Capital Reserve Opening balance 2,208,918 2,208,918 Movement for the period - -
Closing balance 2,208,918 2,208,918
The capital reserve represents the investment made by the National Trust of Queensland in the Sanctuary.
Asset Revaluation Surplus Opening balance 33,217,466 27,608,318 Movement for the period (717,922) 5,609,148
Closing balance 32,499,544 33,217,466
The asset revaluation surplus records the movement in the fair value of the Sanctuary's non-current assets. National Trust of Queensland Page 71 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 16 - RELATED PARTY INFORMATION
Management Council
The names of the persons who were Council members during the financial year are as follows:
President Dr J. Jackson (to January 2010) Mr S. Sheaffe (from January 2010)
Secretary Ms P.Dennis (to November 2009) Mr D. MacLaughlin (from November 2009)
Treasurer Mr S. Sheaffe (to January 2010) Ms J. Branch (from February 2010)
Councillors Major A. Hogan - Senior Vice President (to November 2009) Ms A. Garms - Vice President (to November 2009) Dr D Gibson-Wilde - Vice President Mrs J.Hogan Mrs B. McAdam Dr I. Galloway Mr M.Elliott Mrs G. Sheaffe Mrs J. Jensen (to June 2010)
The members of Council received meeting fees in relation to their position as Council members of $5,332 during the financial year ended 30 June 2010 (2009 $6,723).
Currumbin Wildlife Sanctuary Board
The names of the persons who were board members at any time during the financial year are as follows:
Chairman Mr H.Smerdon Board members Dr. J.Jackson (to December 2009) Mr C.Mills Mr D.Channer Mr S.Sheaffe Ms S.Cobb (to December 2009) Dr I. Galloway (from February 2010) Dr. B.Cook
Currumbin Wildlife Sanctuary board members received a total of $67,808 for their role as board members (2009 $69,412). This included both remuneration and premiums for Directors' and Officers' Liability Insurance.
Other Related Parties
The National Trust of Queensland is a related party to the Sanctuary.
The operations of the Sanctuary are managed and administered by the National Trust of Queensland separately from the National Trust of Queensland's other activities. The Sanctuary processes the payroll of the NTQ without making a charge for this service. Membership fees for the Green Guardian category of membership were apportioned between the Sanctuary and the NTQ. Page 72 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 17 - EXPENDITURE COMMITMENTS 2010 2009 $$ a) Finance Lease Commitments
Payable - Not later than 1 year 84,615 50,453 - Later than 1 year but not later than 5 years 99,633 168,014 Minimum lease payments 184,248 218,467 Deduct future interest charges (39,190) (39,610)
Present value of minimum lease payments 145,058 178,857
The finance lease liability has been used to fund the purchase of motor vehicle leases. The above liabilities are generally for a period ranging from 2 to 5 years and lease contracts do not contain any contingent rental arrangements.
b) Operating Expenditure Commitments The Company has contractual commitments for the following expenditure: Rental of equipment
Payable - Not later than 1 year 20,332 10,680 - Later than 1 year but not later than 5 years 37,401 5,340
Total Expenditure Commitments 57,733 16,020
c) Contracted Capital Expenditure Commitments
The Sanctuary has not contracted for any material capital expenditure as at balance date. National Trust of Queensland Page 73 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
2010 2009 NOTE 18 - CASH FLOW INFORMATION $ $
a) Cash on hand 51,593 57,837 Cash at bank 414,361 448,618
465,954 506,455
b) Reconciliation of Cash Flow from Operations with operating result
Operating result from continuing operations. 147,829 (638,280)
Non-cash flows in profit from continuing operations
Depreciation 645,434 658,558 (Profit) / loss on sale of assets - (7,363)
Changes in assets and liabilities:
(Increase) / decrease in receivables (18,675) (81,612) (Increase) / decrease in inventories 69,843 (8,317) (Increase) / decrease in other assets 53,469 77,039 Increase / (decrease) in payables (390,980) 664,997 Increase / (decrease) in provisions 72,331 72,197
Cash flows from operations 579,251 737,219
c) Non-cash Financing and Investment Activities
During the financial period the company did not acquire any plant and equipment by means of finance lease & hire purchase agreements.
d) Credit Stand-by Arrangements and Loan Facilities
Finance Lease Facilities Used facilities 145,058 179,168 Unused facilities - - 145,058 179,168
Other Financing Facilities Used facilities 1,355,000 1,200,000 Unused facilities 245,000 -
1,600,000 1,200,000 Page 74 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010
NOTE 19: EVENTS SUBSEQUENT TO REPORTING DATE
On 2 August 2010 National Trust of Queensland trading as Currumbin Wildlife Sanctuary entered into a contract for the sale of “Clarkes Corner” (vacant land owned at 568-570 Gold Coast Highway Currumbin) for a sale price of $760,000 excluding GST. The contract is subject to 30 days due diligence investigations being satisfied by the buyer. As a result of this sale “Clarkes Corner” has been devalued in the accounts.
NOTE 20: FINANCIAL RISK MANAGEMENT (a) Categorisation of financial instruments
The organisation has the following categories of financial assets and financial liabilities.
Financial assets 2010 2009 $ $ Cash and Cash equivalents 465,954 506,455
Receivables 213,680 195,005
Total 679,634 701,460
Financial liability
Payables 1,878,668 2,158,316
QTC borrowings 996,739 1,105,868
Lease liabilities 145,058 179,168
Total 3,020,465 3,443,352
(b) Credit Risk Exposure
The maximum exposure to credit risk at balance sheet date in relation to each class of recognised financial assets is the gross carrying amount of these assets inclusive of any provisions for impairment.
The following table represents the organisation’s maximum exposure to credit risk based on contractual amounts net of any allowances.
National Trust of Queensland Page 75 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010 NOTE 20: FINANCIAL RISK MANAGEMENT (Continued) (b) Credit Risk Exposure (Continued)
Maximum exposure to Credit Risk
2010 2009 $ $ Cash and Cash equivalents 465,954 506,455
Receivables 213,680 195,005
Total 679,634 701,460
No collateral is held as security and no credit enhancements relate to financial assets held by the organisations. The organisation manages credit risk by depositing funds with reputable financial institutions. Credit risk associated with receivables is managed by closely monitoring the ageing of receivables. No financial assets and financial liabilities have been offset and presented net in the Statement of Financial Position. Ageing of past due but not impaired as well as impaired financial assets is disclosed in the following table:
2010 Financial Assets past due but not impaired
Not over- Less than 30 More than 61 Total Total finan- Financial assets 30-60 days due Days days overdue cial assets $ $ $ $ $ $
Trade receivables 111,073 97,969 4,152 486 102,607 213,680
Total 111,073 97,969 4,152 486 102,607 213,680
2009 Financial assets past due but not impaired
Less than 30 More than 61 Total Total finan- Financial assets Not overdue 30-60 days Days days overdue cial assets $ $ $ $ $ $ Trade receivables 80,464 71,286 36,596 6,659 114,541 195,005
Total 80,464 71,286 36,596 6,659 114,541 195,005
c) Liquidity Risk
The organisation is exposed to liquidity risk in respect of its payables and borrowings from Queensland Treasury Corporation for capital works. The borrowings are based on Queensland Government’s gazetted floating interest rate.
Page 76 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010 NOTE 20: FINANCIAL RISK MANAGEMENT (Continued) (c) Liquidity Risk (Continued)
The organisation manages liquidity risk through the use of a liquidity management strategy. This strategy aims to reduce the exposure to liquidity risk by ensuring the organisation has sufficient funds available to meet employee and supplier obligations as they fall due. This is achieved by ensuring that minimum levels of cash are held with the various bank accounts so as to match the expected duration of the various employee and supplier liabilities.
The following table sets out the liquidity risk of financial liabilities held by the organisation. It represents the contractual maturity of financial liabilities, calculated based on cash flows relating to the repayment of the principal amount outstanding at balance date.
2010 Liquidity Risk
Financial liabilities <1 year 1-5 years > 5 years Total $ $ $ $ Payables 1,878,668 - - 1,878,668
QTC borrowing 341,211 655,528 - 996,739
Lease liability 63,447 81,611 - 145,058
Total 2,283,326 737,139 - 3,020,465
2009 Liquidity Risk
Financial liabilities <1 year 1-5 years > 5 years Total $ $ $ $ Payables 2,158,316 - - 2,158,316
QTC borrowing 343,264 762,604 - 1,105,868
Lease liability 33,265 145,903 - 179,168
Total 2,534,845 908,507 - 3,443,352
d) Market risk The organisation is exposed to interest rate risk through its finance leases, borrowings from QTC, and cash deposited in interest bearing accounts. The organisation does not undertake any hedging in relation to interest risk and manages its risk as per the liquidity risk management strategy. Interest rate Sensitivity Analysis The following interest rate sensitivity depicts the outcome to profit and loss if interest rates were to change by +/- 1% from the year end rates applicable to the organisation’s financial assets and liabilities. With all other variables held con- stant, the organisation would have a deficit increase/decrease of $4,660 (2009:$5,064).
Fair Value The carrying amount of cash and cash equivalent, receivables, payables and the lease liabilities approximate their fair value and are not disclosed separately. NOTE 21: CONTINGENCIES No material contingent assets or liabilities existed at the balance sheet date. National Trust of Queensland Page 77 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY
CERTIFICATE OF THE MANAGEMENT COUNCIL
These general purpose financial statements have been prepared pursuant to section 62(1) of the Financial Accountability Act 2009 (the Act), relevant sections of the Financial and Performance Management Standard 2009 and other prescribed requirements. In accordance with section 62(1)(b) of the Act we certify that in our opinion: a) the prescribed requirements for establishing and keeping the accounts have been complied with in all material respects; and b) the statements have been drawn up to present a true and fair view, in accordance with prescribed accounting standards, of the transactions of the National Trust of Queensland – Currumbin Wildlife Sanctuary for the financial year ended 30 June 2010 and of the financial position of the Sanctuary at the end of that year.
Page 78 National Trust of Queensland Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY
INDEPENDENT AUDITORS’ REPORT
To the Council of the National Trust of Queensland - Currumbin Wildlife Sanctuary
Report on the Financial Report
I have audited the accompanying financial report of National Trust of Queensland - Currumbin Wildlife Sanctuary which comprises the statement of financial position as at 30 June 2010, and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year ended on that date, a summary of significant accounting policies, other explanatory notes and certificates given by the President and the Treasurer.
The Council’s Responsibility for the Financial Report
The Council is responsible for the preparation and fair presentation of the financial report in accordance with prescribed accounting requirements identified in the Financial Accountability Act 2009 and the Financial and Performance Management Standard 2009, including compliance with Australian Accounting Standards (including the Australian Accounting Interpretations). This responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.
Auditor’s Responsibility
My responsibility is to express an opinion on the financial report based on the audit. The audit was conducted in accordance with the Auditor-General of Queensland Auditing Standards, which incorporate the Australian Auditing Standards. These auditing standards require compliance with relevant ethical requirements relating to audit engagements and that the audit is planned and performed to obtain reasonable assurance whether the financial report is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgement, including the assessment of risks of material misstatement in the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control, other than in expressing an opinion on compliance with prescribed requirements. An audit also includes evaluating the appropriateness of accounting policies and the reasonableness of accounting estimates made by the Council, as well as evaluating the overall presentation of the financial report including any mandatory financial reporting requirements as approved by the Treasurer for application in Queensland.
National Trust of Queensland Page 79 Annual Report 2009-2010
NATIONAL TRUST OF QUEENSLAND - CURRUMBIN WILDLIFE SANCTUARY
INDEPENDENT AUDITORS’ REPORT
I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for my audit opinion.
Independence
The Auditor-General Act 2009 promotes the independence of the Auditor-General and all authorised auditors. The Auditor-General is the auditor of all Queensland public sector entities and can only be removed by Parliament.
The Auditor-General may conduct an audit in any way considered appropriate and is not subject to direction by any person about the way in which audit powers are to be exercised. The Auditor-General has for the purposes of conducting an audit, access to all documents and property and can report to Parliament matters which in the Auditor-General’s opinion are significant.
Auditor’s Opinion
In accordance with s.40 of the Auditor-General Act 2009 –
(a) I have received all the information and explanations which I have required; and
(b) in my opinion –
the prescribed requirements in respect of the establishment and keeping of accounts have been complied with in all material respects; and
the financial report has been drawn up so as to present a true and fair view, in accordance with the prescribed accounting standards of the transactions of the National Trust of Queensland - Currumbin Wildlife Sanctuary for the financial year 1 July 2009 to 30 June 2010 and of the financial position as at the end of that year.
National Trust of Queensland National Trust House 95 William Street Brisbane Q 4000
T: 07 3223 6666 F: 07 3229 0146 E: [email protected] W: www.nationaltrustqld.org
What we care for today We will appreciate tomorrow