ANNUAL REPORT 2023 Camberwell Grammar School Foundation Limited The Camberwell Grammar School Foundation Limited Registered Office: 55 Mont Albert Road, Canterbury VIC 3126 ABN 69 006 703 171 ACN: 006 703 171
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 1 The Camberwell Grammar School Foundation Limited ANNUAL REPORT 1 January – 31 December 2023 CONTENTS Camberwell Grammar School Foundation 2 Naming Rights Opportunities 3 Notice of Meeting 4 Roystead Society - Thank You 5 President’s Report 6 The Camberwell Grammar School Foundation Limited Financial Statements for the Year Ended 31 December 2023 10 Responsible Persons’ Report 12 Gifts & Investment Income Received 29 Foundation Members 32 2023 Donors 34
The CGS Foundation was established to encourage and foster the interest and financial support of the community to preserve, improve and develop the standards, services, property and facilities of Camberwell Grammar School.
The principal activities of the Foundation are to:
• through its own initiatives and those of the Camberwell Grammar School and the broader School community, drive and support fundraising initiatives for the benefit of the School;
• support the ‘friend raising’ initiatives within the broader School community;
• apply funds raised by the Foundation in the best interests of the School; and
• act as fiduciary custodian of funds previously raised and not yet applied.
The Foundation is the trustee of three funds:
• the Building Fund which provides monies for the development of new buildings and facilities, and the preservation and maintenance of existing facilities;
• the Scholarship Fund which provides scholarships to enable students to attend the school or remain at the School; and
• the Education Fund which provides monies to support the educational program of the School.
Gifts to the Building Fund and the Scholarship Fund are tax deductible.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 2
The Camberwell Grammar School Foundation Limited
Naming Rights Opportunities
Camberwell Grammar offers a number of opportunities for families to name a part of the School in perpetuity, including facilities within the Sports Centre and the Chapel. Gifts may be acknowledged through the naming of seats in The Performing Arts Centre, the Quinn Lecture Theatre or the Chapel, or various plaques within the School.
Major naming rights gifts are generally made over a number of years. If you would like to discuss any of these opportunities, or the naming of a scholarship, please speak to the Headmaster or the Head of Community and Development, both of whom would be pleased to give you further information and discuss your wishes.
1.1 Present 1.2 Apologies
Notice of Meeting
The 38th Annual General Meeting of the Camberwell Grammar School Foundation Limited A.B.N. 69 006 703 171 will be held in the Camberwell Room at Camberwell Grammar School on Tuesday 21 May, 2024 at 6.30pm
Minutes of 2023 AGM
3. Business of the meeting
3.1 President’s Report
3.2 Financial Statements
• Camberwell Grammar School Foundation Limited
The Financial Statements for the Camberwell Grammar School Foundation Limited are available for viewing on the Camberwell Grammar School website
3.3 Board of Management – elections
4. Other Business
4.1 Constitution – Special Resolution
The Draft Constitution for the Camberwell Grammar School Foundation Limited, and the accompanying:
• Explanatory Statement and
• Draft Special Resolution in support of its proposed adoption, are available for viewing
5. Closure
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 4
Agenda
1.Welcome
2.
The Roystead Society
Thank You
The Roystead Society was established in 2001 to recognise the generosity of those in our community who have indicated their intention to remember Camberwell Grammar School in a bequest. Membership of the Roystead Society is presented to anyone who indicates such a bequest, regardless of the level of financial commitment. Members are invited to an annual Roystead Society dinner to enable them to be thanked for their generosity in their lifetime.
Mrs J P Anderson
Mr J K Atock
Dr N P Aylott
Mr & Mrs C M Beeny
Mr & Mrs R Bennett
Mr C F Black OAM
Dr R S Breadmore
Dr B Bruck
Mr L E Chadwick
Mr J H Crutch
Mr A N Curphey OBE
Mr K E B Doery
Dr & Mrs F C Fleming
Mr & Mrs D N Growns
Mr & Mrs A G Haintz
Mr D S Herborn OAM
Dr & Mrs M D Hobday
Mrs D Killeen
Mrs M Leong
Prof A Linden
Miss M F Lucas
Mr I G W Mason
Mr D McDonald
Mr H R McDonald
Mr R M Muirhead
Mr G R Nathan
Patterson Bequest
Mr G R Phillips
Mr L G Quinn
Mr I L Robertson AO
Mr K M Slater
Dr W J C Spring
Mr & Mrs A C Thomas
Mr P L Wheelton AM, KSJ
Dr & Mrs I G P Wilding
Dr J M Xipell
If you would like information about including Camberwell Grammar School in your estate planning, please contact the Head of Community and Development on 03 9835 1742 or email cec@cgs.vic.edu.au.
President’s Report
Dedicated to enhancing our culture of giving
When Camberwell Grammar School was founded in 1886, A.B Taylor’s vision was for a school for ‘the boys in the local community’. While that vision still underpins our School, much has changed over the years as our reputation and our community has grown. Now, over a third of our current students – or more than 400 families –travel from beyond our local region to experience a Camberwell Grammar education.
We encourage our students to be curious, to ask searching questions and to debate rationally and civilly. Through hard work and dedication, we hope that every student who comes to Camberwell Grammar School will strive to become a good person and an active citizen. Our values and our vision also encourage us to make a positive difference in the world, to be a force for good, and to help create a better society. We believe in the transformative power of education to change lives and to make the world a better place.
Since those humble beginnings in 1886, we have been fortunate and have grown to become a school of privilege. Approximately 80% of our families now come from the top quartile of the population in the index of Community Socio-Educational Advantage (ICSEA).
We believe that with that privilege comes responsibility. We encourage our graduates to go out into the world and do good deeds. As a school we should do the same. We know that there are many students in the broader community who could clearly benefit from a Camberwell Grammar School education, but this is out of reach due to a family’s social and cultural background as well as their financial circumstances. We are now laying the foundations to remove that financial barrier and are in a good position to invite at least some of those students into our community.
We are challenged by our motto to be known by our deeds, and we believe the time has come for us to act to make a Camberwell Grammar School education available to a broader, more diverse demographic.
Our Vision
At Camberwell Grammar School, we are proud of the way in which we aim to give every student in our care the very best possible education to prepare them for a meaningful life.
For many years we have provided a range of scholarships for entry to Camberwell Grammar School: Academic, Music, General Excellence (for the most part without regard for the families’ financial position) and, more recently, Indigenous.
We celebrate these scholars and all that they have achieved, but we can do more, and we need to do more. As part of our Strategic Plan, we are committed to supporting children from less socio-economic advantaged families, whose lives could be transformed through a Camberwell Grammar School education.
Scholarship programs change not only those who receive them; but they enrich school culture by increasing the diversity of backgrounds and experiences of our community. By providing access to an even broader range of students, our vision gains even more strength.
To that end, we are embarking on an ambitious campaign to expand our current needsbased scholarship program to provide opportunities to students with potential who would otherwise be unable to afford the educational experience that we provide.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 6
David de Kretser Scholarships
The newly created David de Kretser Scholarships will provide life changing opportunities for students whose family situations would otherwise prevent them from experiencing the transformative education only possible at a school like Camberwell Grammar School. We are seeking support from the entire Camberwell Grammar School community to join with us as we embark on these inspiring, transformational opportunities.
Our goal is to create a scholarship endowment for the David de Kretser Scholarships that, over time, will allow us to offer the opportunity of a Camberwell Grammar School education to up to ten students a year throughout their time in secondary school, an undertaking that will involve school fees, and many other costs that are a part of the educational experience at our School.
This ambitious undertaking will take time. It will require hard work and dedication, just as teaching and learning do. But, as with teaching and learning, the results will transform the lives of these scholars, their families and our school community as a whole.
We invite you now to invest in the future of young students who would benefit from a Camberwell Grammar School education, as you or members of your family have done. By doing this you will be helping to shape the future – for the better. Our goal is big and bold, but it reflects our belief that a Camberwell Grammar School education has the power to generate opportunities for students, and that a scholarship based on merit and promise, regardless of financial capacity, can transform lives.
Until recently, the majority of our fundraising has focused on raising money for buildings, from the Memorial Hall in the 1950s, to the Sports Centre completed in 2017. Our fundraising has allowed us to improve our facilities over time – and many have contributed to this outstanding outcome. The initiative proposed above presents us with a new focus, a cause which is unrelated to bricks and mortar, but contributes to building a more equitable world. The issue of social and economic inequity is bigger than our School, and we cannot fix it on our own, but we can assume a leadership role in helping to address it.
Although the School is still enjoying a lull of major works after the completion of the most recent Master Plan and the opening of the Sports Centre, there are still a number of other significant projects underway or recently completed, including the following:
Masterplan
In 2023, a robust engagement initiative was launched to help inform and shape our forthcoming campus Masterplan. This extensive undertaking has secured invaluable input from a diverse spectrum of stakeholders including parents, staff, students, OCGA, School Council and local cultural elders. A diverse team of consultants has also been engaged to complete investigations into existing building and service conditions, heritage considerations, planning opportunities and infrastructure analysis. We aim to finalise the Masterplan and commence the consultation and endorsement process with the City of Boroondara by late 2024. We will hear much more about this exciting phase in our School’s future over the years to come.
Minor Capital Projects
In 2023, a series of minor projects were successfully executed, reinforcing our commitment to providing contemporary and functional spaces addressing both student and staff needs. Notably, the transformation of the house at 36 Walsh St into a modern office space for some of our Business Administration team has provided valuable experience for us in converting residential properties on our boundary to an educational / administration purpose.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 7
Our IT Office also underwent substantial refurbishment, bolstering our capacity to deliver improved helpdesk services and face-to-face support to our students and staff.
The revitalisation of the Pre-prep playground has created a vibrant and accessible outdoor learning arena, fostering curiosity and exploration among our youngest learners.
Other enhancements across various areas of the campus include aesthetic upgrades within the Mallinson building, comprehensive refurbishments of garden beds and grass spaces, and the installation of upgraded services in Dorset to ensure the proper storage and display of the Xipell Art Collection.
Sustainability
In 2023, the commitment to sustainability deepened with the appointment of a new Sustainability Project Coordinator, to help and guide us on our ambitious Net Zero by 2030 journey. Current focus has been on:
• waste - including the introduction of a FOGO (food organics green organics) stream and a reduction in single-use packaging;
• improved KAO water irrigation monitoring;
• enhancements to building light, heating, and cooling systems;
• biodiversity projects - engaging students in planting native plant species and installing bee hotels and bird nesting boxes;
• developing partnerships with other schools and external sustainability leaders; and
• through our Towards 2050 and Green Ninja student groups, organising Green Week and activities to engage and educate our broader community about sustainability.
We achieved our 2023 target reductions in greenhouse gas emissions for transport, water, and gas usage, while identifying the need for an even greater focus on electricity consumption, paper procurement, recycling and waste to landfill.
I would like to thank all members of the Foundation Board for their contribution in providing valuable advice not only in stewarding the endowments that have been generously donated and grown under their watch, but also for the insight and guidance provided to the Community and Development team. Further, I would particularly like to thank the Investment Committee, ably led by Gavin Powell, for its wisdom and commitment to this stewardship.
In closing, I would particularly like to thank the whole School community for the generosity of time, finances and participation in the wide range of activities undertaken. We are blessed to be part of a diverse, caring community, built on the foundation of developing our students to lead by example and be good citizens of the world who want to make a positive difference.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 8
Spectemur Agendo
David Haintz AM (1983), President
THE CAMBERWELL GRAMMAR SCHOOL FOUNDATION LIMITED ACN 006 703 171
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 10 Personal + Business + Financial Solutions Melbourne + Sydney + Brisbane + Perth + Adelaide + Hobart
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 11 The Camberw ell Grammar School Foundation Limited ACN: 006 703 171 Contents For the Year Ended 31 December 2023 Page Financial Statements Responsible Persons' Report 1 Auditor's Independence Declaration under section 60-40 of the Australian Charities and Not-for-profits Commission Act 2012 3 Statement of Comprehensive Income 4 Statement of Financial Position 5 Statement of Changes in Members' Funds 6 Statement of Cash Flows 7 Notes to the Financial Statements 8 Responsible Persons' Declaration 15 Independent Audit Report 16
The Camberw ell Grammar School Foundation Limited
ACN: 006
Responsible Persons' Report
31 December 2023
Your responsible persons present their report on The Camberwell Grammar School Foundation Limited for the financial year ended 31 December 2023
Information on responsible persons
The names,qualifications, experience and special responsibilities of each person who has been a responsible person during the year and to the date of this report are:
Mr Jack W egman Elected May 2005
Qualifications BA, Dip. Psych, Company Director
Mr Gavin Lee Powell Elected April 2010
Qualifications BComm, CA, FCIS, MSAA
Mr Robert Mark Scheiber Elected March 2013 Qualifications B. Bus (Acc), CAANZ, MBA, MTax, CTA
Mr David Antony Haintz, AM Elected May 2021 Qualifications CFP, FFPA, B. Ed, Dip FP, FAICD
Ms Lyndal Barrington Elected August 2016 Qualifications Practice Manager
Responsible persons have been in office since the start of the financial year to the date of this report unless otherwise stated.
Principal activities
The principal activities of The Camberwell Grammar School Foundation Limited (the 'Foundation') during the year were to:
through its own initiatives and those of the Camberwell Grammar School (the 'School') and the broader School community, drive and support fundraising initiatives for the benefit of the School;
support the ‘friend raising’ initiatives within the broader School community;
apply funds raised by the Company in the best interests of the School; and
act as fiduciary custodian of funds previously raised and not yet applied.
Members' guarantee
The Camberwell Grammar School Foundation Limited is a company limited by guarantee. In the event of, and for the purpose of, winding up of the Foundation, the amount capable of being called up from each member and any person or association who ceased to be a member in the year prior to the winding up, is limited to $5.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 12
703 171
1
Responsible Persons' Report
31 December 2023
Operating results
The total comprehensive income of the Foundation amounted to $ 1,397,593 (2022: $7,257,136).
After balance date events
No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Foundation, the results of those operations or the state of affairs of the Foundation in future financial years.
Auditor's independence declaration
The auditor's independence declaration in accordance with section 60-40 of the Australian Charities and Not-for-profits Commission Act 2012, for the year ended 31 December 2023 has been received and can be found in this financial report.
Signed in accordance with a resolution of the Board:
Responsible person: .......................................................... Mr David Antony Haintz, AM
Dated 14 February 2024
Responsible person: ........................................................... Mr Gavin Lee Powell
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 13
ACN: 006 703 171
The Camberw ell Grammar School Foundation Limited
2
The Camberw ell Grammar School Foundation Limited
ACN: 006 703 171
Auditor's Independence Declaration under section 60-40 of the Australian Charities and Not-for-profits Commission Act 2012 to the Board of The Camberw ell Grammar School Foundation Limited
I declare that, to the best of my knowledge and belief, during the year ended 31 December 2023, there have been:
(i) no contraventions of the auditor independence requirements as set out in the Australian Charities and Not-forprofits Commission Act 2012 in relation to the audit; and
(ii) no contraventions of any applicable code of professional conduct in relation to the audit.
ACCRU MELBOURNE (AUDIT) PTY LTD
R A LANE Director
14 February 2024
50 Camberwell Road HAW THORN EAST VIC
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 14
3
Statement of Comprehensive Income For the Year Ended 31 December 2023
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 15
703 171
The Camberw ell Grammar School Foundation Limited ACN: 006
Note 2023 $ 2022 $ Revenue 2 801,467 8,686,415 Art collection expenses (115,928) (2,800) Investment costs (47,103) (42,242) Other expenses (6,247) (6,394) Surplus for the year 632,189 8,634,979 Items that will not be reclassified subsequently to profit or loss Realised gains/(loss) on disposal of other financial assets 176,517 (9,810) Net fair value movements for other financial assets 588,887 (1,368,033) Other comprehensive income for the year 765,404
Total comprehensive income for the year
The accompanying notes form part of these financial statements. 4
(1,377,843)
1,397,593 7,257,136
Statement
of Financial Position As At 31 December 2023
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 16
The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
Note 2023 $ 2022 $ ASSETS CURRENT ASSETS Cash and cash equivalents 3 895,070 2,223,932 Trade and other receivables 4 44,610 4,116,574 TOTAL CURRENT ASSETS 939,680 6,340,506 NON-CURRENT ASSETS Financial assets 5 13,730,988 6,863,043 Property, plant and equipment 6 3,112,350 3,112,350 TOTAL NON-CURRENT ASSETS 16,843,338 9,975,393 TOTAL ASSETS 17,783,018 16,315,899 LIABILITIES CURRENT LIABILITIES Trade and other payables 7 87,475 17,949 TOTAL CURRENT LIABILITIES 87,475 17,949 NON-CURRENT LIABILITIES TOTAL LIABILITIES 87,475 17,949 NET ASSETS 17,695,543 16,297,950 Members' Funds Issued capital 100 100 Accumulated surplus 16,950,560 16,141,853 Reserves 744,883 155,997 TOTAL MEMBERS' FUNDS 17,695,543 16,297,950
5
The accompanying notes form part of these financial statements.
Statement of Changes in Members' Funds
For the Year Ended 31 December 2023
2023
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 17 The Camberw ell Grammar School Foundation Limited
ACN: 006 703 171
Education $ Scholarship $ Building Fund $ Xipell Fund $ Total $ Balance at begining of the year 6,414,371 2,447,950 323,279 7,112,350 16,297,950 Surplus/(deficit) for the year 249,898 363,407 30,654 (11,770) 632,189 Realised gains on disposal of other financial assets 176,517 - - - 176,517 Revaluation increment for other financial assets 400,208 109,287 - 79,392 588,887 Balance at 31 December 2023 7,240,994 2,920,644 353,933 7,179,972 17,695,543
Education $ Scholarship $ Building Fund $ Xipell Fund $ Total $ Balance at begining of the year 7,382,739 1,369,603 288,471 - 9,040,813 Surplus for the year 204,484 1,283,338 34,808 7,112,350 8,634,980 Realised gains on disposal of other financial assets (8,351) (1,459) - - (9,810) Revaluation increment for other financial assets (1,164,501) (203,532) - - (1,368,033) Balance at 31 December 2022 6,414,371 2,447,950 323,279 7,112,350 16,297,950 The
notes form part of these financial statements. 6
2022
accompanying
Statement of Cash Flow s For the Year Ended 31 December 2023
The accompanying notes form part of these financial statements.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 18 The
Limited
171
Camberw ell Grammar School Foundation
ACN: 006 703
Note 2023 $ 2022 $
Payments to suppliers (99,752) (49,851) Dividends and distributions received 326,213 196,664 Donations received 4,313,861 1,176,773 Interest received 171,494 37,818 Net cash provided by (used in) operating activities 8 4,711,816 1,361,404 CASH
Proceeds from sale of investments 842,574 708,700 Purchase of investments (6,883,252) (843,116) Net cash used by investing activities (6,040,678) (134,416)
increase (decrease) in cash and cash equivalents held (1,328,862) 1,226,988 Cash and cash equivalents at beginning of year 2,223,932 996,944 Cash and cash equivalents at end of financial year 3 895,070 2,223,932
7
CASH FROM OPERATING ACTIVITIES:
FLOWS FROM INVESTING ACTIVITIES:
Net
Notes to the Financial Statements
For the Year Ended 31 December 2023
The financial statements are for The Camberwell Grammar School Foundation Limited (the Foundation) as a not-for-profit individual entity, incorporated and domiciled in Australia. The Foundation is a company limited by guarantee.
1 Summary of Significant Accounting Policies
(a) Basis of preparation
The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards - Simplified Disclosures and the Australian Charities and Not-for-profits Commission Act 2012
Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless otherwise stated.
The financial statements have been prepared on an accruals basis and are based on historical costs modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities.
(b) Income tax
No provision for income tax has been raised as the Foundation is exempt from income tax under Div 50 of the Income Tax Assessment Act 1997
(c) Revenue and other income
Revenue is recognised on a basis that reflects the transfer of promised goods or services at an amount that reflects the consideration the Foundation expects to receive in exchange for those goods or services. Revenue is recognised by applying the five-step model specified under AASB 15 Revenue from Contracts with Customers
Donations and bequests are recognised as revenue when the right to receive the donation or bequest has been established.
Interest revenue is recognised when it becomes receivable on a proportional basis taking into account the interest rates applicable to the financial assets.
Dividend revenue is recognised when the right to receive a dividend has been established.
Other revenue is recognised when the right to receive the revenue has been established.
All revenue is stated net of the amount of goods and services tax (GST).
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 19 The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
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ACN: 006 703 171
Notes to the Financial Statements
For the Year Ended 31 December 2023
1 Summary of Significant Accounting Policies
(d) Financial instruments
Financial instruments are recognised initially on the date that the Foundation becomes party to the contractual provisions of the instrument.
On initial recognition, all financial instruments are measured at fair value plus transaction costs (except for instruments measured at fair value through profit or loss where transaction costs are expensed as incurred).
Financial assets
All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the classification of the financial assets.
Classification
On initial recognition, the Foundation classifies its financial assets into the following categories, those measured at:
amortised cost
fair value through other comprehensive income - equity instrument (FVOCI - equity)
Financial assets are not reclassified subsequent to their initial recognition unless the Foundation changes its business model for managing financial assets.
Amortised cost
Assets measured at amortised cost are financial assets where:
the business model is to hold assets to collect contractual cash flows; and
the contractual terms give rise on specified dates to cash flows are solely payments of principal and interest on the principal amount outstanding.
The Foundation's financial assets measured at amortised cost comprise trade and other receivables and cash and cash equivalents in the statement of financial position
Subsequent to initial recognition, these assets are carried at amortised cost using the effective interest rate method less provision for impairment.
Interest income and impairment are recognised in profit or loss. Gain or loss on derecognition is recognised in profit or loss.
Fair value through other comprehensive income
Equity instruments
The Foundation has a number of strategic investments in listed entities over which are they do not have significant influence nor control. The Foundation has made an irrevocable election to classify these equity investments as fair value through other comprehensive income as they are not held for trading purposes.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 20
The Camberw ell Grammar School Foundation Limited
9
Notes to the Financial Statements
For the Year Ended 31 December 2023
1 Summary of Significant Accounting Policies
(d) Financial instruments
Financial assets
These investments are carried at fair value with changes in fair value recognised in other comprehensive income (financial asset reserve). On disposal any balance in the financial asset reserve is transferred to retained earnings and is not reclassified to profit or loss.
Dividends are recognised as income in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. Other net gains and losses are recognised in OCI.
Impairment of financial assets
Impairment of financial assets is recognised on an expected credit loss (ECL) basis for the following assets:
financial assets measured at amortised cost
debt investments measured at FVOCI
When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating ECL, the Foundation considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis based on the Foundation's historical experience and informed credit assessment and including forward looking information.
The Foundation uses the presumption that an asset which is more than 30 days past due has seen a significant increase in credit risk.
Trade receivables and contract assets
Impairment of trade receivables and contract assets have been determined using the simplified approach in AASB 9 which uses an estimation of lifetime expected credit losses. The Foundation has determined the probability of non-payment of the receivable and contract asset and multiplied this by the amount of the expected loss arising from default.
The amount of the impairment is recorded in a separate allowance account with the loss being recognised in finance expense. Once the receivable is determined to be uncollectable then the gross carrying amount is written off against the associated allowance.
Financial liabilities
The Foundation measures all financial liabilities initially at fair value less transaction costs, subsequently financial liabilities are measured at amortised cost using the effective interest rate method.
The financial liabilities of the Foundation comprise trade payables, bank and other loans and finance lease liabilities.
(e) Comparative figures
The comparative figures have been adjusted for the recognition of the Building Fund within the Foundation's financial statements.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 21 The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
10
Notes to the Financial Statements For the Year Ended 31 December 2023
3
5
6
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 22 The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
2023 $ 2022 $
Revenue Donations 307,690 8,294,637 Interest income 171,494 37,818 Dividend and distribution income 322,283 353,960 Total revenue 801,467 8,686,415
2
Cash and Cash Equivalents Cash at bank and in hand 895,070 2,223,932
Trade and Other Receivables Accrued investment income 41,010 106,804 Donation receivables - 9,770 Other receivables 3,600 4,000,000 Total current trade and other receivables 44,610 4,116,574
4
Financial Assets Other financial assets at fair value through other comprehensive income 13,730,988 6,863,043
Furniture, fixture and fittings Artwork - at deemed cost 3,112,350 3,112,350 Total furniture, fixture and fittings 3,112,350 3,112,350 Office equipment At cost 24,258 24,258 Accumulated depreciation (24,258) (24,258) Total office equipment -Total property, plant and equipment 3,112,350 3,112,350
Trade and Other Payables Accrued expenses 87,475 17,949 11
Property, Plant and Equipment
7
Notes to the Financial Statements
For the Year Ended 31 December 2023
8 Cash Flow Information
Reconciliation of net surplus to net cash provided by operating activities: Net surplus for the year 632,189 8,634,979
Non-cash flows in surplus:
- investment income received via dividend reinvestment plans (DRPs) (61,864) (124,047)
- donations received in kind - (3,112,350)
Changes in assets and liabilities:
- (increase)/decrease in trade and other receivables 4,071,965 (4,038,763)
- increase/(decrease) in trade and other payables 69,526 1,585 Cashflow from operations 4,711,816 1,361,404
9 Financial Risk Management
The Foundation's financial instruments consist mainly of deposits with banks, term deposits, managed listed investments, accounts receivable and payable. The Foundation does not invest in derivative financial instruments.
The main risks the Foundation is exposed to through its financial instruments are interest rate risk, liquidity risk, credit risk and price risk.
Interest rate risk
The Foundation's exposure to interest rate risk is the risk that a financial instruments value will fluctuate as a result of changes in market interest rates and the effective weighted average interest rates on classes of financial assets and financial liabilities.
The responsible persons do not anticipate any dramatic fluctuation in interest rates that have material impact on the investment portfolio and hence the balances of financial assets on the statement of financial position as at the balance date.
Liquidity risk
The Foundation manages liquidity risk by monitoring forecast cash flows and ensuring that adequate cash on hand is maintained.
Price risk
Price risk relates to the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in value of investments.
Such risk is managed through diversification of investments across industries and geographic locations.
Credit risk
The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets, is the carrying amount, net of any provisions for impairment of those assets, as disclosed in the statement of financial position and notes to the financial statements.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 23 The Camberw
Grammar School
Limited ACN: 006 703 171
ell
Foundation
2023 $ 2022
$
12
Notes to the Financial Statements
For the Year Ended 31 December 2023
9 Financial Risk Management
The Foundation does not have any material credit risk exposure to any single receivable or group of receivables under financial instruments entered into.
The Foundation is not subject to any financial risks other than the ones listed above.
The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the statement of financial position and in the notes to the financial statements.
11 Related Party Transactions
These parties are considered to be related parties to The Camberwell Grammar School Foundation:
- The Camberwell Grammar School - The Camberwell Grammar School Foundation Building Fund - The K.M. Slater Charitable Trust
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 24 The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
10 Auditors' Remuneration 2023 $ 2022 $ Remuneration of the auditor - auditing the financial statements 4,800 4,800 Total 4,800 4,800
13
Notes to the Financial Statements
For the Year Ended 31 December 2023
12 Company as trustee
(a) The K.M. Slater Charitable Trust
The Foundation acts as trustee of the K.M. Slater Charitable Trust
The Foundation was appointed the Trustee of The K.M. Slater Charitable Trust (the Trust). The purpose of the Trust is to provide education support to eligible school-age beneficiaries. Due to the special purpose nature of the trust, the financial information has been reported separately under this note.
As at the balance date, assets and liabilities, receipts and payments of the Trust which are not part of the Foundation's statement of comprehensive income and statement of financial position are detailed as below:
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 25 The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
2023 $ 2022 $
Statement
assets
liabilities Assets Other financial assets at cost Revaluation increment Net Assets at fair value 383,483 9,349 347,147 15,102 392,832 362,249 Statement of receipts and payments Revenue Interests, dividends and other distributions Surplus for the period 10,675 11,141 10,675 11,141 Fund balance
year Surplus
period Realised
Fund balance
362,249 10,675 19,908 413,824 11,141 (62,716) 392,832
14
of
and
at the beginning of the
for the
and unrealised investment gains/(losses)
at the end of the year
362,249
Responsible Persons' Declaration
The responsible persons declare that:
1. The financial statements and notes, as set out on pages 4 to 14, are in accordance with the Australian Charities and Not-for-profits Commission Act 2012 and:
a. comply with Accounting Standards - Simplified Disclosures (including the Australian Accounting Interpretations); and
b. give a true and fair view of the financial position as at 31 December 2023 and of the performance for the year ended on that date of the Foundation
2. In the responsible persons' opinion, there are reasonable grounds to believe that the Foundation will be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the Board.
Responsible person ..............................................................
Dated 14 February 2024
Mr David Antony Haintz, AM
Responsible person ............................................................
Mr Gavin Lee Powell
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 26
The Camberw ell Grammar School Foundation Limited ACN: 006 703 171
15
The Camberw ell Grammar School Foundation Limited Independent Audit Report to the members of The Camberw ell Grammar School Foundation Limited
Report on the Audit of the Financial Report
Opinion
We have audited the financial report of The Camberwell Grammar School Foundation Limited (the Company), which comprises the statement of financial position as at 31 December 2023, the statement of comprehensive income, the statement of changes in members' funds and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the responsible persons' declaration
In our opinion, the accompanying financial report of the Company is in accordance with the Division 60 of the Australian Charities and Not-for-profits Commission Act 2012, including:
(i) giving a true and fair view of the Company's financial position as at 31 December 2023 and of its financial performance for the year ended; and
(ii) complying with Australian Accounting Standards - Simplified Disclosures (including the Australian Accounting Interpretations) and the Australian Charities and Not-for-profits Commission Regulation 2013
Basis for Opinion
We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of section 60-40 of the Australian Charities and Not-for-profits Commission Act 2012 and the ethical requirements of the Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion
Information other than the Financial Report and Auditor's Report Thereon
The responsible persons are responsible for the other information. The other information comprises the information included in the responsible persons' report for the year ended 31 December 2023, but does not include the financial report and our auditor’s report thereon.
Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of Responsible Persons for the Financial Report
The responsible persons of the Company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards - Simplified Disclosures (including the Australian Accounting Interpretations) and the Australian Charities and Not-for-profits Commission Act 2012 and for such internal control as the responsible persons determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 27
16
In preparing the financial report, the responsible persons are responsible for assessing the school’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the responsible persons either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
Auditor's Responsibilities for the Audit of the Financial Report
Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report.
As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. W e also:
Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit 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 school’s internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the responsible persons.
Conclude on the appropriateness of the responsible persons’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the school’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the school to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.
We communicate with the responsible persons regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
R A LANE Director
14 February 2024
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 28
17 ACCRU MELBOURNE (AUDIT) PTY LTD
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 29 Camberwell Grammar School Foundation Limited Gifts & Investment Income Received 1985 - 2023 CGS Foundation Building Fund Total Year Donations Interest Income 1985 - 86 229,618 0 229,618 1987 4,300 10,712 15,012 1988 127,324 9,762 137,086 1989 121,249 44,758 166,007 1990 106,770 49,658 156,428 1991 63,087 57,614 120,701 1992 157,870 39,623 197,493 1993 247,533 36,140 283,673 1994 123,909 51,060 174,969 1995 208,264 93,636 301,900 1996 130,459 61,845 192,304 1997 137,890 5,744 143,634 1998 84,617 10,820 95,437 1999 137,412 16,326 153,738 2000 358,746 34,701 393,447 2001 305,834 49,310 355,144 2002 193,258 58,151 251,409 2003 276,504 21,403 297,907 2004 209,403 2,633 212,036 2005 208,625 1,135 209,760 2006 230,319 2,529 232,848 2007 307,594 897 308,491 2008 221,350 7,037 228,387 2009 292,001 2,850 294,851 2010 1,714,709 9,693 1,724,402 2011 593,421 10,396 603,817 2012 476,434 5,726 482,160 2013 245,715 620 246,335 2014 258,361 251 258,612 2015 561,982 586 562,568 2016 344,746 460 345,206 2017 572,049 562 572,611 2018 160,507 436 160,943 2019 170,238 1,273 171,511 2020 77,360 182 77,542 2021 27,804 135 27,939 2022 37,626 951 38,577 2023 31,069 3,432 34,501 TOTAL 9,755,957 703,047 10,459,004
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 30
Dividends & Total Year Donations Distributions Income 1985 - 86 0 0 0 1987 89,859 5,233 95,092 1988 11,767 27,770 39,537 1989 34,717 40,900 75,617 1990 34,791 44,036 78,827 1991 53,353 45,303 98,656 1992 12,942 30,160 43,102 1993 2,000 25,982 27,982 1994 17,251 34,917 52,168 1995 5,562 43,896 49,458 1996 515 43,678 44,193 1997 10,906 35,000 45,906 1998 23,198 33,294 56,492 1999 12,142 33,342 45,484 2000 6,335 38,441 44,776 2001 5,880 22,867 28,747 2002 1,006,035 69,732 1,075,767 2003 2,155 81,856 84,011 2004 7,090 72,643 79,733 2005 99,064 124,823 223,887 2006 333,870 139,700 473,570 2007 13,910 208,334 222,244 2008 920 207,555 208,475 2009 35,000 196,848 231,848 2010 55,035 157,034 212,069 2011 1,363 272,020 273,383 2012 14,345 114,982 129,327 2013 2,393 145,349 147,742 2014 10 112,612 112,622 2015 360 155,412 155,772 2016 0 171,537 171,537 2017 100 230,236 230,336 2018 0 327,551 327,551 2019 0 322,584 322,584 2020 0 260,949 260,949 2021 1,000 317,443 318,443 2022 7,112,350 252,149 7,364,499 2023 50 398,318 398,368 TOTAL 9,006,268 4,844,486 13,850,754
CGS Foundation Education Fund
2,853,770
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 31
Dividends & Total Year Donations Distributions Income 2008 29,370 267 29,637 2009 119,198 11 119,209 2010 21,703 1,959 23,662 2011 24,430 3,136 27,566 2012 103,295 6,145 109,440 2013 70,975 5,183 76,158 2014 56,879 3,909 60,788 2015 67,184 5,396 72,580 2016 60,573 0 60,573 2017 71,800 0 71,800 2018 31,298 32,031 63,329 2019 22,570 28,482 51,052 2020 150,073 25,923 175,996 2021 224,530 35,513 260,043 2022 1,165,283 118,056 1,283,339 2023 276,299 92,299 368,598 TOTAL
358,310
CGS Foundation Scholarship Fund
2,495,460
FOUNDATION MEMBERS
Membership of the CGS Foundation
Gifts to Camberwell Grammar School can be acknowledged with Life Membership of the School Foundation.
• Donors of gifts between $5,000 and $25,000 are known as Fellows of the Foundation;
• Donors of gifts between $25,000 and $50,000 are known as Benefactors of the Foundation;
• Donors of gifts between $50,000 and $100,000 are known as Trustees of the Foundation; and
• Donors of gifts over $100,000 are known as Patrons of the Foundation.
All gifts made to Camberwell Grammar School through the Foundation are cumulative, enabling individual or family donors to move through levels over a period of years.
Patrons
CGS Parents’ Association
Danks Trust
Mr K E B Doery
Mr D S Herborn OAM
Mr H R McDonald
The Hon Justice J E
Middleton
Mr L G Quinn
Mr & Mrs L W Rose
Mr K R Warren
Mr P L Wheelton AM, KSJ
Mr B W C Wilson
Dr J M Xipell
Trustees
Mr & Mrs N Arasaratnam
Mr & Mrs R Campbell
Mr J S Chambers
Mr & Mrs L W Cooke
Mr & Mrs P Crone
Mr A N Curphey OBE
Mrs J Danks
Prof D M Danks AO
Mr R H Dowling
Dr & Mrs D F Ellett
Mr I Fitzgerald
Dr & Mrs L Gainsford
Mr & Mrs A D Hamilton
Mr J M Hilliard AO
HMW Family Trust
Mr & Mrs W R Lanyon
Mr I E Lenton
Mrs M Leong
Dr R G Meikle
Mr R M Muirhead
Mr T W Parker
Patterson Bequest
Mr G R Phillips
Mr P Ranjan & Mrs A Dayal
Mr G Seabrook
Mr R Stewart
Wilson Family Trust
Mr W D Yu & Mrs L C Zhang
Benefactors
Mr S G Anderson
Assoc Prof D J Brown
Mr & Mrs R Donazzan
Mr R A Gell AM
Mr & Mrs D N Growns
Mr & Mrs B G Hayes
Mr & Mrs N F Jenkins
Mr & Mrs G W Johnson
Mr & Mrs J H Karkar
Mr R Leong
Mr G Chen & Mrs J Liu
Mr R B Nicholson OAM
Mr I L Robertson AO
Mr M J Schildberger
Mr G W Slade
Mr & Mrs A C Thomas
Mr C I Thorn AM
Mr T L Todhunter
Mr & Mrs C Wang
Mr P L Weickhardt
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 32
at 31 December 2023
FOUNDATION MEMBERS at 31 December 2023
Fellows
Mrs J P Anderson
Mr & Mrs SCM Au
Mrs J Aylott
Mr G W Ballard
Mr & Mrs C Bancroft
Mr J Barnett
Mr A J Barnett
Dr & Mrs M Barrington
Dr N R Bergman
Mr I G Bishop
Mr & Mrs A Bishop
Mrs E M Board
Mr & Mrs J Bonavia
Mr & Mrs R A Brett
Ms T Brown
Mr M Bula
Mr G A Burfurd
Mr & Mrs J J Byrne
Dr D K Campbell
Mr L E Chadwick
Mr & Mrs C-Y Chan
Mr & Mrs C F Chang
Mr & Mrs M-H Chen
Dr R J Chester
Dr I A Chesterman AM
Prof S A Chesterman
Mr B Fung & Ms F Chin
Mr C J Wood & Dr Y H Chin
Dr W L Choi
Mr H K & Mrs H J Chua
Mr B G Church
Mr G F Cormack
Mr & Mrs R A Coull
The Bryan & Rosemary
Cutter Foundation
Mr & Mrs L J Daniel
Dr & Mrs M J Davies
Mr & Mrs J Dawson
Mrs A Dayal
Mr & Mrs J P Deliyannis
Mr & Mrs L Devine
Mr A W Dobson
Mr W J Edney
Mr & Mrs B W Ellis
Mr & Mrs J A Emerson
Mr I Feder
Dr & Mrs F C Fleming
Mr & Mrs P S Forwood
Mr F Gong
Mr A C Goode
Mrs J Gregory
Mr E J Gregory
Prof & Mrs B D Grundy
Mr & Mrs P Gunn
The Rae & Peter Gunn
Family Foundation
Prof S Akbarzadeh & Dr A Haendel
Mr A M Hansen
Dr & Mrs W J Hare
Mrs E Harland
Mr & Mrs P J O Hawkins
Mrs M Hayes
Dr & Mrs P G Hicks
Dr & Mrs M D Hobday
Mr P J Holloway
Mr W Holmes
Mrs P Homes
Mr B J Horskins
Mr & Mrs J L Hudson
Mr & Mrs G A Jack
Mr & Mrs W Jago
Mr & Mrs C C Jenkins
Mr J Xu and Ms L Ji
Mr M & Mrs H Johnson
Mr & Mrs K Josan
Mr & Mrs Y Juan
Mr & Mrs A G Jude
Dr J Bokas & Dr M Karas
The Hon Judge M B Kellam
Mr P R Kerwick
Mr & Mrs J T K King
Ms K Kirkhope
Mr J H Kirkhope
Dr & Mrs C Kyriacou
Mr R A Lane
Mr & Mrs M Lee
Mr M Leong
Mr M J Lindner
Mr J B Little
Mr G Chen & Mrs J Liu
Mr C Lloyd
Dr A Lucarelli
Mr & Mrs R J Lucas
Mr & Mrs A D Lyle
Mr X J Ma
Mr & Mrs J W Mallinson
Mr I G W Mason
Mr D McDonald
Ms L McDonald
Mrs M R S Menting
Mr G S Mills
Mr Y Lou & Ms W Mo
Mr E R H Munro
Mrs K Neil
Mrs A Neil
Mr M J Neilson
Mr V C Huynh & Ms T T N Ngo
Mr I B Angus OAM
Mr S C Lee OAM
Mr J C Usher OAM
Mr B A Provan OAM
Mr C F Black OAM
Mr & Mrs R A Payne
Mr G L Powell
Mr J D Merralls AM, QC
Mr & Mrs G M Randall
Mr A B Richards
Mr & Dr P S Ridgway
Mr P J Rose
Mr C W Rose
Dr P A Rosen
Mr & Mrs R B Santamaria
Mr R M Scheiber
Mr & Mrs D Scott
Mr A Shishkin & Mrs I
Shishkina
Mr & Mrs R M Shute
Mr & Mrs L A Smith
Mr & Mrs C Sollberger
Mr & Mrs H J Sowerby
Mr & Mrs G Stanley
Dr & Mrs L D Staples
Mr J J Steven
Mr & Mrs J F Steven
Mr I D Stewart
Mr & Mrs R H N Symons
Dr & Mrs B E Taylor
Mrs J Thomson
Mr S & Mrs J Thorn
Thorn Family Endowment
Mr E S Tjangdjaja
Mr I N Trahar
Mr M Wan & Ms W Tsang
Mrs C Tu
Mr J C Turner
Mr & Mrs M S Uppal
Prof B Murphy & Prof Walker
Mr S K Chan & Ms W J I Wang
Mr MK Ward
Mr & Mrs M J Warwick
Mr D Watt
Mr & Mrs J Wegman
Mrs L Weir
Mr & Mrs M Wettenhall
Dr & Mrs M G White
Mr & Mrs R I Wilson
Mr L A Wilson
Mr & Mrs A Wong
Dr A Chiu & Ms G Wong
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 33
Mr H Yu & Mrs J Yan
Mr J Huang & Ms L Yin
Mr & Mrs A M Young
Donors
Mr & Mrs Allison
Mr G & Mrs E Allison
Mr R & Mrs J Allsop
Dr A Aminazad & Mrs B Ghasabi
Mr G An & Ms D Yang
Mr H Anderson & Ms S Backhouse
Mr I B Angus OAM
Mr L Armstrong
Mr K Asadi & Ms Y
Haghighi
Mr C Atkin & Ms C Clifford
Ms R Atkinson
Mr A Au & Ms J Wang
Mr C Au & Ms W Lee
Mr F Bai & Ms Y Feng
Mr S Salem & Ms S Baliga
Mr Y Bao & Ms H Tao
Mr Z Bao
Mr S Beckett
Mr S & Mrs D Becvinovski
Mr A & Mrs J Bedoya
Mr N & Mrs K Bernardi
Mr J & Mrs J Berryman
Mr B & Mrs M Bishop
Mrs K Bishop
Mr A & Mrs M Blew
Mr B & Mrs C Booth
Mr G Bosmans & Ms F Lewis
Mr M & Mrs L Bourke
Dr J & Dr C Boyd
Mr A Bozzone & Mrs W
Labour-Bozzone
Mr S Branson & Mrs K Ellwood-Branson
Mr G & Mrs J Brennan
Mr S & Mrs A Briffa
Assoc Prof D J Brown
Mr A & Ms L Bullock
Mr A & Mrs I Burger
Mr D Burgess & Ms V
Speed
Mr M J Burns
Mr X Cai & Ms Y Dai
Mr Z Cao & Ms H Zhu
Mr B Cao & Mrs R Li
Mr X Cao & Mrs H Yan
Mr A & Mrs A Car
Mrs D Carhart
Mr M & Mrs C Carmel
Mr F Catterall & Ms S de Run
Mr J S Chambers
Mr V M F & Mrs P S Y Chan
Mr S Chan & Ms L Pua
Dr P & Mrs C Charles
Mr J Chen & Ms J Hou
Mr M Chen
Mr J Chen & Mrs Y Li
Mr G Chen & Mrs J Liu
Mr P Chen & Ms L Zhang
Mr X Bai & Ms J Chen
Mr W Chen & Ms Y Lu
Mr J Cheng & Ms J Wong
Prof S A Chesterman
Dr I A Chesterman AM
Mr W & Mrs P Cheung
Mr H & Mrs P Cheung
Mr T Chin & Ms P Low
Dr A Chiu & Ms G Wong
Dr C & Ms Y Choi
Dr M Chong & Dr W Lim
Dr C Choong & Dr V Lim
Dr B & Mrs K Chou
Dr Z Chowdary & Mrs A Khan
Dr M Christie & Dr K Ong
Mr H Chung & Ms S Sim
Dr A Chung & Dr J Lim
Mr T Clarke & Ms H Mould
Mr E & Mrs S Coia
Mr M & Ms R Collette
Mrs D M Collins
Mr X Cong & Dr S Shen
Mr C Cook & Ms D Wintermantel
Dr S A Cran
Mr D Curry
Mr C Dai & Ms J He
Dr A Das & Dr S Poojary
Mr V & Mrs T Das Neves
Mr P Davies
Ms Anjna Dayal
Mr W Deng & Ms J Zhang
Mr Y Sun & Mrs T Ding
Mr S & Ms J Dixon
Mr C & Mrs K Dobbyn
Mr A W Donaldson
Mr N T Doreian
Mr C T Draber
Mr F Duan & Ms S Lu
Prof D & Mrs J Dunstan
Mr R Jin & Ms M Duo
Mr D & Mrs N Egan
Mr H & Mrs K Evans
Mr Z Fang & Ms X Xu
Dr B Farr & Dr S Taher
Mr T S Fong
Mr J Qin & Ms R Gan
Mr X Gan & Ms H Zhu
Mr J Gao & Ms Q Zhang
Ms F Wei
Mr J Cai & Ms F Gao
Mr G Georges & Ms K Locke
Mr L & Mrs N Gilchrist
Mr P L Gooch
Dr V Goonewardene & Dr
R Thiyagarajan
Mr C & Mrs D Graham
Mr B Green & Dr E Hart
Mr A Griffiths
Mr R Gu & Mrs C Wu
Mr Y Gu & Mrs M Liu
Mr Z Gu & Ms A Jiao
Mr Z Gu & Ms L Yuan
Mr S Guan & Ms X Chen
Mr N Guan & Ms X Zhang
Dr D & Dr G
Gunasegaram
Mr C Guo and Mrs Y Li
Mr J Guo & Ms J Luan
Mr G Guo & Ms L Zhou
Mr M & Mrs K Gyngell
Mr D Hang & Ms S Quah
Mr B R Hansford
Mr & Mrs S Harker
Mr C & Mrs A Harris
Mr T & Mrs K Hatzicostas
Mr J He & Mrs T Du
Dr M Heer & Dr U Sara
Mr J Heng & Dr E Tan
Mr R Herbert & Ms E Miller
Mr R Hillard & Ms M
Pearce
Mr M Ho & Ms L Yong
Mr D & Mrs J Hockley
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 34
DONORS
2023
Mr B Hu & Ms S Li
Mr W Hu & Ms G Lou
Mr Z Hu & Ms L Xu
Dr R & Mrs E Hu
Mr R Huang & Mrs J Liu
Mr H Huang & Ms S Zhang
Mr W Huang & Ms M Zhu
Mr B Huang & Ms Y Zou
Mr J Huang & Ms L Yin
Dr C Humphries & Dr J Heislers
Mr A Jacob & Ms J Selway
Mr T Jayalath & Dr D Goonawardhana
Mr J Ji & Mrs B Xie
Mr C Ji & Mrs J Pu
Mr W Jiang & Ms Y Xu
Mr J Yang & Ms X Xu
Mr M & Mrs H Johnson
Mr R & Mrs R Johnston
Mr D Ju & Ms L He
Ms K Nightingale
Mr J Kelly & Ms S Hii
Mr K Khong & Ms S Lee
Mr W Khong & Ms J Wong
Ms F Klebanowski
Mr P & Mrs S Koppelman
Mr M & Mrs T Kovos
Ms Margarita Krupina
Mr A Ku & Ms B Dang-Ku
Mrs Shinduk Kwoun
Mr S Lai & Ms L Liang
Dr A Lam & Ms A Yap
Mr R A Lane
Mr K & Mrs L Lau
Mr T Lau & Ms A Liu
Mr W & Mrs J Lau
Mr S Lau & Ms A Lu
Mr B Le & Mrs T Truong
Mr & Mrs D Le Page
Ms Leaf
Mr G Leake & Dr L Whitmarsh
Ji Eun Lee
Mr T Leong & Ms H Yang
Mr G & Ms W Li
Mr H Li & Ms J Wu
Mr Y Li & Ms R Wang
Mr P Li & Ms F Dong
Mr P & Mrs R Li
Mr X Li & Ms J Wang
Mr C Li & Ms P Xu
Mr S Li & Ms H Qiao
Mr F Li & Mrs X Wang
Mr J Li & Ms N Jia
Mr P Li & Ms B Zhu
Mr Y Chang & Ms R Li
Dr K Wang & Mrs Y Li
Mr S Li & Ms J Sun
Mr Y Li & Ms X Wu
Mr G Liang & Ms J Liu
Mr C Lim & Mrs C WongLim
Dr C Lim & Dr E Su
Mr E Lim & Dr B Lee
Mr J Yao & Ms D Lin
Mr Z & Mrs Z Lin
Prof A Linden
Ms L Racky
Mr J B Little
Mr T Liu & Ms L Yang
Mr A Liu & Ms Z Li
Dr D Liu & Mrs J Yao
Mr B Liu & Ms R Cao
Mr N Liu & Ms L Ding
Mr L Huang & Ms X Liu
Mr H Chen & Mrs Y Liu
Mr L Liu & Ms H Kuang
Ms D Livingstone
Mr C Lloyd
Mr Y Lu & Mrs Q Gu
Mr Y Lu & Ms M Kim
Mr H G Lu & Ms Y Jiang
Dr L Luu & Dr N Cook
Mr D Ma & Ms H Huang
Mr J Ma & Mrs Y Gu
Mr F Li & Ms Y Ma
Mr W Ye & Ms J Ma
Mr L Mahaffy
Mr V & Mrs V Maric
Mr P McCraw & Ms D
Luscombe
Mr I A McFarland
Mr A B McIntosh
Mr M Karutz & Ms I
McKenzie
Dr R B McNeill
Mr C McNeill & Ms C Cousen
Mr L & Mrs K Meaney
Mr W Meng & Ms Y Liu
The Hon Justice J E
Middleton
Mr J & Ms J Mills
Prof J Chon & Mrs E Min
Mr K Leung & Ms T Mok
Mr M Moore & Ms S Allen
Dr Graham Charles
Morey-Nase
Dr P Rajendra & Dr N
Nadarajah
Mr R R Nash & Mrs E
Nash
Dr J & Mrs M Nebbs Living
Mrs A Neil
Dr P & Dr J Neil
Dr S & Mrs A Ng
Dr M Ng & Dr S Hong
Mr L Ngo & Ms P Nguyen
Mr L Nielsen & Dr J O’Brien
Prof A
Hadjinoormohammadi &
Mrs F Tallaeian
Mr G & Dr P O’Hoy
Dr M & Mrs M
Obeyesekere
Mr R Oswin & Ms K Rippon
Mr & Mrs S Page
Mr J Pahos
Ms Cici X Pan
Mr J & Mrs R Parker
Dr D & Mrs T Phan
Mr J & Mrs G Phillips
Mr S Pill & Ms J
Broadhurst
Mr T Poon & Ms R Tan
Mr J & Mrs L Price
Mr D Pringle & Ms F Hall
Mr H Qi & Ms A Li
Mr A Qian & Ms J Wang
Mr Y Yan & Ms J Qin
Mr Tony Zhou Fang & Ms
Ms J Yanzhe Qu
Mr X Quan & Ms J Liu
Assoc Prof S Richardson
Mrs K Rajakulendran
Dr S & Mrs M Rajakumar
Mr A & Mrs F Ramsay
Mr W Ran & Ms L Lin
Mr R & Dr M Raymond
Mr W Ren & Mrs X Zhu
Mr L & Mrs A Renieris
Mr A & Mrs C Richardson
Mr T Rigby & Assoc Prof C
Theda
Dr & Mrs A Robinson
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 35
2023 DONORS
Mr Y Rong & Ms J Li
Mr M Tjangdjaja & Ms C
Ross
Mr G & Mrs V Rush
Mr M Sadhu
Dr C Saranasuriya & Dr K Jayasinghe
Mr T & Mrs L Scotter
Mr A & Mrs K Sewell
Mr J Shao & Ms H Han
Assoc Prof V Seidel & Prof S Shefelbine
Mr H Shen & Ms F Gao
Mr Y Shen & Ms M Lu
Mr H Shen & Ms Y Wu
Dr S Shirzad & Mrs S LuShirzad
Mr S & Mrs D Singh
Mr I Smith & Ms J Little
Dr D So & Ms C Irvine-So
Mr F Soegijono & Ms T Yamaoka
Mr C Song & Mrs L Wang
Dr S Soo & Dr D Tai
Mrs Audrey Steven
Mr J A Stokes
Mr N & Mrs K Suckling
Mr Y Sun & Ms Q Qian
Mr G Wu & Ms H Sun
Mr A Suresh & Ms M Krishnan
Mr G Sykiotis
Dr J & Mrs F Taliadoros
Mr S & Mrs C Tan
Mr M Tang & Mrs J Shao
Mr S Tang & Ms X Chen
Mr E & Mrs S Teele
Dr W Teoh and Dr C Ang
Mr J & Mrs H Thomas
Mr S Thomson & Ms N
Ramsay
Mr S & Mrs L Thornton
Mr Y Tian & Dr X Jia
Mr Z Tian & Ms L Yu
Mr E & Mrs Y Tiras
Mr W Tong
Dr D & Dr L Torre
Mr R Trembath & Ms J
Perkins
Dr N Trevlopoulos & Ms C
Pizzo
Mr N & Mrs K Uffindell
2023 DONORS
Ms J Vains
Mr C Van de Velde & Ms
M King
Mr C & Mrs C Venter
Ms N Vignaroli
Mr M Vujnovic & Ms D
Dabetic
Mr G & Mrs H Wakefield
Mr L & Dr E Walker
Mr M Wan & Ms W Tsang
Mr Z Wang & Ms J Meng
Mr H Wang & Ms X Yuan
Mr Q Wang & Mrs L Tang
Mr W Wang & Ms Y Liu
Mr S Wang & Ms D Zheng
Mr L Wang & Ms W Hsie
Mr T Wang & Ms C Sun
Mr L & Mrs L Wang
Mr S Wang & Ms J Yang
Mr X & Mrs A Wang
Mr J Wang & Ms X Yu
Mr H Wang & Ms Z Lu
Dr T Wangen & Mrs M Li
Mr N & Mrs T Webb
Mr X Wei & Ms Y Chen
Dr A & Mrs B Weickhardt
Mr P L Weickhardt
Mr D & Dr N Weickhardt
Mr G Weng & Ms J Liang
Mr R R Whitehead
Dr S & Dr R
Wickremasinghe
Dr O & Mrs E Wilhelm
Mr P W K & Mrs A Fok
Mr S Wong & Ms J Liu
Mr J & Mrs A Wood
Mr A Woods & Ms A
Badcock
Mr A Wu & Ms Y Wen
Mr F Wu & Ms Y Gong
Mr L Ma & Ms Y Xia
Mr J Xiao & Mrs R Lu
Mr Y Xie & Ms X Yi
Mr J Xu & Dr Z Xie
Mr X Xu & Mrs R Li
Mr S Xu & Ms A Jiang
Mr Y Yang & Mrs Y Wu
Mr J Yang & Ms H Ying
Mr X Yang & Ms H Huang
Mr Y Yang & Ms Y Zhao
Mr J Yang & Ms E Lu
Mr J Wu & Ms Q Yang
Mr H Li & Ms G Yang
Mr X Ma & Ms T Yang
Mr S Yang & Ms J Luo
Mr L Yap & Ms A Chung
Mr E Choong & Ms Y Yap
Mr T Ye & Ms L Liu
Mr J Liu & Ms Q Ye
Mr E Yeo & Ms K Oon
Mr D & Mrs S Yeow
Mr T Reid & Dr A Yoon
Mr P Young & Ms K Ting
Mr J Yu & Ms B Li
Mr J Yu & Ms C Zhou
Mr H Yu & Ms W Chen
Dr S Lee & Mrs J Yu
Mr Q Yuan & Mrs X Wu
Mr L Zhang & Dr B Chen
Mr B Zhang & Ms M Tao
Mr W Zhang & Mrs F Ye
Mr T Zhang & Ms Y Otani
Mr P Zhang & Ms X Li
Mr Z Zhang
Mr J Zhang & Ms X Yang
Mr F Zhang & Ms W Huang
Mr H Tao & Mrs Y Zhang
Mr H Zhang & Ms L Ji
Mr T Zhao & Ms W Li
Mr D Zheng & Mrs P You
Mr J Shi & Ms M Zheng
Mr Y Zhou & Mrs L Huang
Mr G Zhou & Mrs H Yi
Mr Z Xu & Ms Y Zhu
Mr J Zhu & Ms Z Wang
Mr M Zou & Ms L Zhang
Mr F Zou & Ms W Gong
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 36
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 37
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 38
The Camberwell Grammar School Foundation Limited Annual Report 2023 Page 39
CAMBERWELL GRAMMAR SCHOOL 55 Mont Albert Road, Canterbury, 3126 P.O. Box 151, Balwyn, 3103 Phone: 9835 1777 www.cgs.vic.edu.au