2015
Annual Report
Melbourne Youth Music
Our Board of Management President Jeanette Ward Vice President Michelle Wright Treasurer Carol Benson Secretary Sarah Bartak Board Members Jo Beaumont Steven Black Nancy Calò Bernard Depasquale Laura Douglas Regan Engelhardt Alice Hanna Tiffiny Lewin
Our Team
Chief Executive Officer Dorian Jones Finance Manager Gowri Ram Music Education Program Manager Rhylla Mitchell* Concerts and Events Manager Daniel Boaden Music Outreach Program Manager Jade Norfolk Marketing and Communications Coordinator Elizabeth Davie Music Library and Resources Coordinator Murray Walker Member Services and Administration Coordinator Madeleine Cowell Ensemble Conductors Amberley Bremner Sarah Busuttil Kieran Casey Steven Hillinger* David Le Guen Joe O’Callaghan Rick Plummer Pat Miller Ensemble Coordinators
Jarrod Butler Yvette Leach Josh Lynzaat Christopher Robson Kristen Rowlands
Personnel, donors and partners are listed as at 31 December 2015, excepting * commenced 2016
Melbourne Youth Music ABN 54 089 059 805 PO Box 1368
(03) 9376 8988
Kensington
mym@mym.org.au @MelbYouthMusic
Victoria 3031
mym.org.au
Cover Image: Sarah Walker Illustrations: Luci Everett
MelbYouthMusic
MelbYouthMusic
Contents Who We Are
2
Our Proud History
3
President’s Review
4
Chief Executive Officer’s Report
5
Our Philosophy
6
2015 In Numbers
8
2015 In Words
9
Activity Statements Summer School
10
Ensemble Program
12
Community Projects
15
Music Outreach Program
17
Financial Statements Treasurer’s Report
18
Concise Financial Report
20
Auditor’s Report
24
Our Donors
26
Our Supporters
26
Who We Are
Our dream is that music is embraced and celebrated in Victoria, since it is instrumental in building community and developing the best in young people. Melbourne Youth Music has been enriching young lives through the power of music since 1967. Almost 50 years later, we continue to grow our community on a reputation for excellence, motivating young people to reach their potential and unleashing creativity in a learning environment founded on inspiration and exploration. Each year we offer an inclusive and stimulating range of artistic and social activities designed to instil a love of ensemble music playing which leads to life-long participation. Our programs seek to increase youth involvement in music, build strong communities and bring together talented young musicians from diverse backgrounds, united by a dedication to excellence and a love of music. We have a commitment to improving both the quality and capacity of music education in Victoria, collaborating with education and music partners to ensure that a high quality music education is available for all Victorian students.
Image: Sarah Walker
Melbourne Youth Orchestra performing at the National Gallery of Victoria, 1980
Melbourne Youth Music began in 1967 when the State Government introduced free instrumental tuition into government schools throughout Victoria. The Secondary Schools Concert Committee (now known as Melbourne Youth Music) was formed under the leadership of Dr Alexandra Cameron OBE with a vision to provide music students with the opportunity to participate in ensemble music making and to take part in public performances. Our first rehearsal consisted of a 70-piece orchestra under the direction of Eric Austin Phillips. In 1972, to mark the centenary of education in Victoria, the ensemble was named the Melbourne Youth Orchestra, with a performance taking place in the Melbourne Town Hall. Our annual Summer School began in 1971, held for two days at the University High School, Parkville. Today our Summer School brings together musicians from all over Victoria for a week of music making each January at the Victorian College of the Arts. In 1974, growth in numbers and an increasing standard of students enrolling in our program gave rise to the formation of
Our Proud History
the Percy Grainger Youth Orchestra, with its founding conductor Bruce Worland AM. 1976 saw the addition of the John Antill Youth Band and Junior Strings Program, and the formalisation of the now familiar tiered structure of ensembles. Over the following four decades, Melbourne Youth Music ensembles have continued to grow under the leadership of some of the finest conductors, tutors and music educators - bringing together students for a range of engaging social and musical activities.
The Melbourne Youth Music program is now recognised as one of Australia’s finest ensemble music training programs. Throughout Melbourne Youth Music’s history, many of our orchestras have toured across Australia and internationally, to the United States, Germany, the United Kingdom, Japan and New Zealand. Over 40,000 people have benefitted from attending our programs and many now play leading roles in the business, arts and education communities. 3
President’s Review Jeanette Ward
In 2015, Melbourne Youth Music built on its excellent reputation as one of the finest music education organisations in Australia. Our vibrant and inspiring music program included new ensembles, new conductors, more music educators and more outreach initiatives. The year started with a Summer School absolutely buzzing with over 600 wonderful young musicians coming together for a week of fun and learning at the Victorian College of the Arts. It was the perfect backdrop to welcome one our most important supporters, Victoria’s new Minister for Education The Hon. James Merlino MP. The Minister attended the Summer School Jazz Showcase concert and was impressed by the performances, speaking warmly of the important role MYM plays in music education. Our Saturday ensemble program welcomed five new conductors, Amberley Bremner, Sarah Busuttil, David Le Guen, Pat Miller and Joe O’Callaghan and several other music educators to the MYM family. This allowed us to build and extend our music program, energise our people, and strengthen our capacity to collectively be the best we can every day in pursuing our purpose: enriching young lives through the power of music. In early 2015, the board and staff came together to review the MYM Philosophy which expresses the foundation of
our purpose and activity. Together we established the set of beliefs and attributes that now guide our decisions across every aspect of our operation in striving for the overarching ambition we have set for ourselves: all places in all our ensembles filled, all the time. I would like to thank all of MYM’s partners, funders, and donors for their invaluable support which enables us to provide the largest and best ensemble music education program in Victoria. As we prepare for our 50th Birthday celebration in 2017, we look forward to deepening our existing relationships and developing new ones so that we are able to deliver the music programs our community expects from us for another 50 years. I congratulate and thank everybody at MYM for making 2015 such a successful year: students, parents, music educators, volunteers, staff and board members. I am proud of the talented and diverse team ably led by our CEO Dorian Jones and indebted to my fellow board members for their wisdom and support. With great people, programs and partnerships MYM has much to celebrate in 2015 and a lot to look forward to.
Chief Executive Officer’s Report Dorian Jones
2015 was a great year for Melbourne Youth Music, as we welcomed new conductors, introduced new ensembles and expanded our regional outreach initiatives. After a successful Summer School, our core program of orchestras and bands continued to thrive with healthy participation rates throughout the year. We introduced the Alexandra Cameron Strings, named in honour of our founder. Dr Alexandra Cameron OBE was Victoria’s first secondary schools inspector, and she introduced free orchestral instrumental tuition in schools in 1965. In 1967, she established the Secondary Schools Concert Committee – now Melbourne Youth Music - in order to provide orchestral music experience outside of schools. We still fulfil that same role of enabling musical learning beyond what can be offered in schools. Looking back at 2015 it is hard to believe that we welcomed no less than five new conductors, so soundly have they consolidated their places here. Melbourne Youth Orchestra continued to develop its reputation for excellence with a series of world-class guest conductors leading the orchestra’s development and presentation of magnificent repertoire to appreciative audiences. After an intensive international search, Steven Hillinger was secured as the Chief Conductor of Melbourne Youth Orchestra, to take up the baton from 2016. 2015 marked the beginning of our renewed three-year funding from the Department of Education and Training, which included
new support for programs aimed at gifted and talented students, and music teachers. These new programs included live-streamed events and masterclasses, soloist performance development, and professional development enabling teachers to confidently develop and deliver engaging ensembles in their own schools or communities. We invested significantly in our programs, increasing program staff, tutors, and student financial support. Thanks to good enrolment figures and strong concert attendances as well as supportive partners and generous donors we ended the year with a small surplus. The ongoing success of our program is possible thanks to the support of the Victorian Government through the Department of Education and Training’s Strategic Partnerships Program. We value the continuation of our partnership with our Education Partner the University of Melbourne through the Faculty of VCA & MCM, and our principal supporter Freemasons Foundation Victoria. My personal thanks to the team, president Jeanette Ward, board and committee members, supporters, families and students for continuing to make Melbourne Youth Music a vibrant organisation working for the benefit of young musicians. 5
Our Philosophy Our Purpose
Our Attributes
Enriching young lives through the power of music
Inspirational
Our Spirit
Coming together for the joy of music
Image: Sarah Walker
Vibrant Connected Engaging Inclusive
Our Beliefs
Passionate
• Music inspires young people to reach their potential
Creative
• A commitment to excellence is the foundation for success • Creativity is unleashed through inspiration and exploration • A love of music motivates life-long learning and participation • Effective teaching is centred on learners’ needs • Great partnerships amplify our impact • Our heritage and alumni are integral to our future achievements • No young learner should be excluded based on disadvantage
Excellent Our Greatest Imaginable Challenge
All places in all ensembles are filled, all of the time Our Focus
Share our passion
Our participants
1150
From
410 17% $69,692 Including
Participants in our programs
Schools across Participants from rural Victoria and regional areas In scholarships and bursaries awarded
389 Music Programs 45 146
Works studied by our ensembles
Specialist music educators Hours of rehearsal
Concerts performed by our ensembles
1153
Our Audience Live Audience Online Audience
2015 In Numbers
5711 60374 8
ensemble
friends opportunities experience fun fantastic tutors variety
diversity
think
listening
playing people good music orchestras sounds
supportive knowledge
concerts
value perfect
passionate
love
social
quality
amazing
conductors
wonderful talented
practice
repertoire different
improve
skills
band
like-minded
enthusiastic
interesting
rehearsals
enjoyable performance challenging excellent
brilliant
great musicians rewarding
exciting
career
fabulous
practice
learning meeting
2015 In Words Source: 2015 MYM Member Surveys
choice
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Summer School
12 – 17 January Our annual Summer School kicked off another fantastic year of music-making. Summer School brings young people together to work with some of Victoria’s best conductors and tutors, and discover a stimulating range of musical and social activities in a fun and collaborative atmosphere. The MYM Summer School is all about opening minds to a different sphere of music-making, and creating musical experiences that are exciting, emotional and passionate. 621 participants were attracted from metropolitan Melbourne, regional Victoria, across Australia, and from Asia and New Caledonia to work with our outstanding team of conductors, tutors and educators. The week concluded with four inspiring performances including a showcase of Jazz at Federation Hall and three concerts at Robert Blackwood Hall.
Distribution of total Summer School participants in 2015 (621) Symphony Orchestra (77) Philharmonic Orchestra (89) String Orchestra (96) Sinfonietta (73) Camerata (50) Concert Band (55) Symphonic Wind Band (54) Intermediate Band (46) Jazz Improvisation (25) Junior Band (22) Big Band (17) Conductor Development (12) Arts Administration (5)
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Ensemble Program
7 February – 15 November
Ensemble Program The Ensemble Program is an opportunity for young musicians to grow through participation in high-calibre orchestras and bands, and through belonging to a musical community of practice. Students enter the program from the age of eight, often staying until they reach tertiary level. Students come from across Victoria with increasing numbers travelling each week from regional areas. Many receive scholarships and bursaries with MYM administers. Their socioeconomic status and cultural backgrounds are diverse and they attend both government and independent schools. They are united by a love of music performance and a determination to achieve excellence. Students progress through a finely-tuned sequence of ensembles which culminate in the rich experience of belonging to the esteemed Melbourne Youth Orchestra. Rehearsals and performances are designed to provide challenges and rewards appropriate to the developing confidence and skill levels of the musicians. The 2015 Ensemble Program offered 438 young musicians the opportunity to develop advanced instrumental and ensemble skills in a supportive environment.
Regular tutorials are at the heart of the program and are designed to complement and enhance individual lessons, school and university programs. Each ensemble is offered active and engaging performance opportunities throughout the year, developing their musical skills and showcasing their talents. The overarching goal of the Ensemble Program is to inspire members to reach their potential by developing aspects of their musicianship in five key learning domains: collective, individual, perceptual, physical and cognitive. Our outstanding team of specialist music educators mentor the participants to perform great music together in the company of likeminded, young musicians. In 2015 we were pleased to introduce the Alexandra Cameron Strings to our program.
Distribution of total Ensemble Program participants in 2015 (438) MYO (81) PGYO (68) MYS (62) MYWS (51) MYCS (48) ACS (44) JAYB (40) MYJS (38)
Melbourne Youth Orchestra
Melbourne Youth Chamber Strings
We welcomed guest conductors Carolyn Watson, Warwick Stengårds, Marco van Pagee and Peter Bandy to work with the ensemble in 2015.
We were delighted to welcome David Le Guen as conductor of Melbourne Youth Chamber Strings. His wealth of experience provided an excellent environment for the cultivation of young string players. The year was filled with works by esteemed composers – Vivaldi, Debussy, Brahms, Grieg and more. David concluded the ensemble’s 2015 musical journey around the world with a program of Czechoslovakian works.
Melbourne Youth Orchestra began 2015 with a family concert, performing works from Disney’s Fantasia movies to commemorate the 75th anniversary of the original movie’s release. The year continued with epic works including Vaughan Williams’ Symphony No.2, Nielsen’s Fourth Symphony, and Bartok’s Concerto for Orchestra. Percy Grainger Youth Orchestra We welcomed dynamic and passionate conductor Pat Miller to the helm, focussing on making orchestral music relevant to 21st century students. Copland’s Rodeo was a rousing highlight to start the year, before the orchestra learned the intricacies associated with supporting a soloist as part of Virtuosity. Guest Conductor, Ingrid Martin, rounded out the year with another fine performance. Melbourne Youth Wind Symphony The members of Melbourne Youth Wind Symphony presented many great performances during 2015, ably demonstrating their advancing musicianship. Rick Plummer focussed the development of the ensemble on their cohesion, concept of sound and sense of unity. The benefits of their commitment and dedication were evident in a program ranging from the core repertoire of Grainger and Sousa to modern compositions by Marquez, Sparke and Nehlybel. John Antill Youth Band We were very grateful to Rick Plummer for supporting the ensemble’s initial development at the start of the year and equally delighted to have Joe O’Callaghan commence as the new conductor from term two. John Antill Youth Band have cemented themselves as a flourishing band in the program. The growth of this band across the year is a wonderful testament to the work of its new conductor and the success of its integration into the Ensemble Program.
Melbourne Youth Strings Amberley Bremner debuted in her role of Conductor of Melbourne Youth Strings. She guided the ensemble through an exciting program with a focus on technical development. Repertoire ranged from popular works, such as The Wizard of Oz and Lord of the Dance, to key works by Shostakovich, Vivaldi and Elgar. Alexandra Cameron Strings This new ensemble was introduced to offer opportunities to more young musicians, and was named to honour the work of Dr Alexandra Cameron, who established Melbourne Youth Music. Conductor Sarah Busuttil was appointed to lead the ensemble which grew tremendously across the year. Performance highlights included the rollicking Cellos Ole!, a mix of classic and popular repertoire, and finally an interactive performance of The Adventures of Stringman, featuring Ensemble Coordinator, Joshua Lynzaat, in the title role. Melbourne Youth Junior Strings Led by conductor Kieran Casey and a team of committed and enthusiastic tutors, our youngest ensemble musicians experienced significant growth in their playing standard, strengthening their essential instrumental technique and learning to create music as a team. Highlights included exploring the rich tonal language of Mahler’s Songs of the Wayfarer and a special arrangement of Allegretto by Marcello from the collection of the late John Hopkins.
14
Community Projects John Antill Youth Band ANZAC Day March Saturday 25 April
Members of John Antill Youth Band participated in the ANZAC Day March to commemorate the centenary of Australia’s involvement in the First World War. This was the first community project for John Antill Youth Band and, for most, also their first experience of a marching performance – a completely contrasting style to our standard concert format.
COLLECTIVE Connecting with peers to perform as members of an ensemble, developing teamwork and leadership skills
COGNITIVE Gaining a deep understanding of music’s history, theory and cultures which leads to the student’s ability to analyse, evaluate and create
INDIVIDUAL Developing a love of music, an appreciation of different approaches to its performance, confidence, personal style, musicianship and taste
Our Learning Domains PHYSICAL
PERCEPTUAL Creating finely tuned listening skills, and the ability to listen and respond to music with an acute critical awareness of its melodic, harmonic, dynamic, rhythmic and instrumental elements
Mastering the physical ability and technique needed to play a musical instrument with a requisite level of precision and control
15
Melbourne Youth Strings at AUSTAVic String Orchestra Festival Sunday 17 May
Melbourne Youth Wind Symphony at Big West Festival 20 & 21 November
Melbourne Youth Strings collaborated with other young string players to rehearse with Dr Neridah Oostenbroek in the Festival Strings Orchestra to prepare a work of her own composition. Additionally, Melbourne Youth Strings were featured beyond the combined work rehearsed on the day with a feature performance of the group alone.
Members of Melbourne Youth Wind Symphony were invited to perform new works by Australian composers Neil Kelly and the Arcadia Quartet, working with artists Madeleine Flynn, Tim Humphrey and recorder virtuoso Genevieve Lacey. Working with contemporary composers to rehearse and perform new experimental music in a massed performance was a new challenge and they embraced the opportunity, contributing to presentation of an important new artwork.
Melbourne Youth Chamber Strings & John Antill Youth Band at Sounds Great Saturday 16 July
Members of both ensembles participated in open workshops at Sounds Great – a biennial conference for Victorian music educators. Melbourne Youth Chamber Strings worked with iconic pedagogue, Richard Gill, and John Antill Youth Band had the opportunity to be mentored by the highly respected American band director, Steve Smith. Both ensembles were featured in the showcase concert to conclude the conference, including a collaboration with Southern Voices. Melbourne Youth Junior Strings at Royal Children’s Hospital Monday 21 September
Melbourne Youth Junior Strings were invited to perform at the Royal Children’s Hospital as part of a lunch time series of concerts the hospital presents for patients and visitors. This year, we were delighted to offer the performance opportunity to all members, an increase on the limited ensemble size of 2014. Melbourne Youth Orchestra at Carols by Candlelight Thursday 24 December
The year concluded with another highlight as invited string players performed in Vision Australia’s Carols by Candlelight conducted by John Foreman, which was telecast live around Australia.
Music Outreach Program Our Music Outreach Program extends the availability of our educational services to learners in rural and regional Victoria. In 2015, this was through livestreamed masterclasses, the Virtuosity concerto development program and the introduction of our Teacher Professional Development Program.
perform with pianist Amir Farid. Three finalists went on to rehearse and perform with the Percy Grainger Youth Orchestra, engaged in a lesson with specially chosen mentors and participated in video interviews in their preparation for the Grand Final performance with full orchestra at Deakin Edge.
2015 Projects
Teacher Professional Development Program
Masterclasses
Three Masterclasses were held: trombone with Jessica Buzbee, oboe with Diana Doherty, and violin with Eoin Andersen. In the masterclass format, participants perform their chosen piece and receive a lesson in front of an audience. This is followed by a Q+A session. Our livestreaming site allows both online and inperson audience participation. Virtuosity
Virtuosity is our concerto performer development program, now in its second year. In 2015 the program was enhanced by the addition of more one-on-one mentoring for the young performers from professionals including Ben Opie, Pat Miller and John Foreman. All participants had the opportunity to rehearse and
Our Teacher Professional Development Program was designed to help Victorian teachers acquire the professional skills and knowledge needed to deliver inspiring ensembles in their own schools and communities. In 2015 two courses: ‘Fundamentals of Effective Ensembles’ and ‘Ensemble Instruments Up Close’, were developed with educator Monte Mumford. These courses were designed to include both online and in-person learning, allowing flexibility for local and regional teachers. Each course was held over three weeks culminating in a Rehearsal Observation Workshop where participants worked directly with Monte Mumford and observed Melbourne Youth Music’s ensembles in rehearsal first-hand.
17
Treasurer’s Report Carol Benson During 2015 MYM continued to invest in the growth of ensemble music education for Victoria’s young people. Whilst this investment comes at a cost (expenses being 3% higher year on year) the results will have a positive long term effect on the organisation. Our highly competent management team, under the leadership of Dorian Jones, continue to manage costs responsibly which has allowed for a surplus of $27,781 for the year. This surplus coupled with wise investment of reserves sees the Balance Sheet strengthen year on year by 3% to $947,621. The organization carries no long term debt and our future planning indicates that we should continue to consolidate our financial position of adequate cash reserves. While earned income returned to a base level in comparison to the previous year, (2014 having included the NZ tour and Star Wars concert), this was offset by an increase in grant income recorded. Staff and contractor levels increased with the introduction of newly funded music outreach programs, and the addition of a new string orchestra to accommodate student demand.
Scholarships and bursaries increased by a little over $24,000 with the support of a number of generous philanthropic foundations and trusts. The Finance, Risk and Investment Committee of the Board of Management continues to develop and implement appropriate financial and governance strategies for Melbourne Youth Music’s activities, responding to the need to manage the risks and responsibilities we assume. We have a comprehensive set of policies, we actively assess and monitor risks, management reporting is detailed and open, there is a focus on building our funding base sustainably, and we regularly report to, and act on the feedback from, our members. Thanks to the Finance, Risk and Investment Committee for its expertise during 2015, to the Board of Management and to the executive management team for delivering another successful year in 2015.
Our Income and Expenses at a Glance Our 2015 Income
Our 2015 Expenses
54% Course Fees
48% Artistic and Educational Personnel
16% Government Grants
17% Administrative Personnel
15% Trusts, Foundations and Sponsors
14% Office Rental and Overheads
10% Ticket Sales
11% Venue Hire
4% Bank Interest & Dividends
6% Scholarships and Bursaries
1% Donations
2% Promotional Costs
2% Music Instruments and Equipment
19
Concise Financial Report Discussion and Analysis of the Financial Statements
INFORMATION ON MELBOURNE YOUTH MUSIC The Concise Financial Report is an extract from the full financial report for the year ended 31 December 2015. The Concise Financial Report has been prepared in accordance with Accounting Standard AASB 1039: Concise Financial Reports. The financial statements and other information included in the Concise Financial Report are derived from, and are consistent with, the full financial report of Melbourne Youth Music Council Inc. The Concise Financial Report cannot be expected to provide as detailed an understanding of the financial performance, financial position and financing and investing activities of Melbourne Youth Music Council Inc as the full financial report. A copy of the full financial report and auditor’s report is available, free of charge, from our website, www.mym.org.au. The presentation currency used in this Concise Financial Report is Australian dollars. The discussion and analysis is provided to assist members and supporters in understanding the Concise Financial Report. The discussion and analysis is based on the Melbourne Youth Music Council Inc’s financial statements and the information contained in the Concise Financial Report has been derived from the full 2015 financial report of Melbourne Youth Music Council Inc.
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME Melbourne Youth Music Council Inc reported an operating surplus of $27,781 for the year ended 31 December 2015 compared to a surplus of $112,075 in 2014, in line with budget and reflecting a greater investment into our programs. There was a decrease in operating revenue by $30,258 in 2015 and an increase in expenditure by $54,036. There have been no significant economic or other events that have impacted operations.
STATEMENT OF FINANCIAL POSITION Total assets increased by $95,727 to $1,787,983, representing an increase of 5.66%. This was mainly attributable to the following: •
an increase in 2016 program fees receivable of $80,930
• an increase in prepayments for 2016 programs of $13,778 Due to a revised investment strategy, a portion of cash on hand was invested in financial assets. Total liabilities increased by $67,946 to $840,362, representing an increase of 8.80%. This was mainly attributable to: • an increase in advance income of $41,563 • an increase in accrued charges of $21,477 • an increase in employee long service leave provisions of $13,578 • a decrease in trade and other payables of $9,084
STATEMENT OF CHANGES IN EQUITY Total equity, which consists of retained earnings, increased by $27,781 to $947,621 as at 31 December 2015. An asset revaluation reserve of $95,836, carried forward since 1992, was moved to retained earnings.
STATEMENT OF CASH FLOWS Cash and cash equivalents decreased by $124,124 in 2015 due to a revised investment strategy where more funds were placed in financial assets.
Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 31 December 2015 2015
2014
$
$
Revenue
1,235,926
1,266,184
Employee and Contractor benefits expense
(792,935)
(685,665)
Overheads & Consumables
(147,888)
(127,453)
Venue Hire
(133,189)
(153,163)
Other Expenses
(27,732)
(20,723)
Printing & Advertising Costs
(26,421)
(34,867)
(18,691)
(20,907)
Travelling Expenses
Music, Equipment & Instruments
(18,200)
(79,385)
Fair Value Loss on Investment
(15,482)
(3,781)
Depreciation & amortisation expenses
(15,331)
(12,829)
Insurance
(12,277)
(15,336)
Surplus(Loss) for the year
27,781
112,075
Total comprehensive income for the year
27,781
112,075
Reserves
Total
Statement of Changes in Equity For the Year Ended 31 December 2015 Retained Earnings Balance at 1 January 2014 Earnings attributable to the entity
$
$
$
711,929
95,836
807,765
112,075
-
112,075
Balance at 31 December 2014
824,004
95,836
919,840
Balance at 1 January 2015
824,004
95,836
919,840
95,836
(95,836)
-
27,781
-
27,781
947,621
-
947,621
Asset revaluation reserve transferred to retained earnings Earnings attributable to the entity Balance at 31 December 2015
21
Statement of Financial Position as at 31 December 2015 2015
2014
$
$
ASSETS CURRENT ASSETS Cash and cash equivalents
971,566
1,095,690
222,002
135,843
Other current assets
36,036
23,096
Other financial assets
500,251
371,219
1,729,855
1,625,848
Trade and other receivables
TOTAL CURRENT ASSETS
NON-CURRENT ASSETS Property, plant and equipment
58,128
66,408
TOTAL NON-CURRENT ASSETS
58,128
66,408
1,787,983
1,692,256
23,862
32,946
TOTAL ASSETS
LIABILITIES CURRENT LIABILITIES Trade and other payables Short-term provisions Other current liabilities TOTAL CURRENT LIABILITIES
41,872
41,460
750,446
687,406
816,180
761,812
24,182
10,604
NON-CURRENT LIABILITIES Long-term provisions
24,182
10,604
TOTAL LIABILITIES
TOTAL NON-CURRENT LIABILITIES
840,362
772,416
NET ASSETS
947,621
919,840
EQUITY -
95,836
Retained earnings
Reserves
947,621
824,004
TOTAL EQUITY
947,621
919,840
22
Statement of Cash Flows For the Year Ended 31 December 2015 2015
2014
$
$
1,178,890
1,318,026
39,469
32,319
(1,190,918)
(1,055,396)
27,441
294,949
(7,051)
(1,241)
Payments for Investments
(144,514)
(375,000)
Net cash used in investing activities
(151,565)
(376,241)
Net increase in cash held
(124,124)
(81,292)
Cash at beginning of year
1,095,690
1,176,982
CASH AT END OF YEAR
971,566
1,095,690
Cash flows from operating activities Grants, donations and other income received Interest and dividend received Payments to suppliers and employees Net Cash Provided by operating activities
Cash flows from investing activities Purchase of property, plant and equipment
Members’ Declaration In accordance with a resolution of the members of the board of management, the members of the Association declare that the concise financial report of Melbourne Youth Music Council Inc for the financial year ended 31 December 2015: A. complies with Accounting Standard AASB 1039: Concise Financial Reports; and
B. is an extract from the full financial report for the year ended 31 December 2015 and has been derived from and is consistent with the full financial report of Melbourne Youth Music Council Inc.
JEANETTE WARD CAROL BENSON Dated this 20th day of April 2016
Dated this 20th day of April 2016
23
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Our Patrons
Our patrons supported us through incredibly generous donations of $1,000 and above. Dr Sai Fong, Integral Alliance, Ramses Foundation, Vowels Family and Ward Family
Individual Donors ($100 to $999)
Ability Building Chemicals, Marissa Barter-Waters, Carol Benson, Raymond Broeksteeg, Eileen Burnett-Kant, Phil Casale, Communicate Design and Copywriting, Graeme Duke, Peter Garnick, Olive Hamilton, Ying He, Dorian Jones, Trevor Jones, Michael Lichnovsky, Alan Muir, Mariese Shallard, Sangeeta Thaker, Marnie Walker, The Wang Family, William Weatherseed, Ian Wilson and Colin Wookey
Individual Donors (Up to $99)
Joseph Carbone, Olga Lukasiewicz, Anthony Rossiter, Rowan Simpson, Michael Stockman and Hairu Zhang
Anna Chmiel Memorial Fund
This fund was established to remember the Melbourne Youth Music member Anna Chmiel who died in 2012. The fund is a lasting tribute to recognise the significant contribution music makes in the lives of young people. Donors: Nancy Dowdle, Pamela Jenkins, Dorian Jones and Darshini Louey
Our Supporters
The Marian and E.H. Flack Trust
Melbourne Youth Music ABN 54 089 059 805 PO Box 1368
T
Kensington
E mym@mym.org.au
(03) 9376 8988
FB MelbYouthMusic IG @MelbYouthMusic
Victoria 3031
W mym.org.au
TW @MelbYouthMusic