National Trust of South Australia
Annual Report 2014–2015
NATIONAL TRUST SOUTH AUSTRALIA
President’s Introduction When CEO Eric Heapy announced his unshakeable determination to retire at the end of the calendar year 2014, the Trust initiated a search process aimed at selecting his successor in advance, so that there might be a smooth transition in leadership.
After Z Ward was sold, the Trust worked with the new owners, Beach Energy, to keep it open to public visits. At the end of the financial year it was unclear whether the other two properties would be sold, so the Trust remained on high alert for these heritage places at risk.
Dr Darren Peacock emerged as the best qualified candidate from a highly competitive field. His extensive experience in museums, communication and small business made him an excellent fit for the job. Because he had already worked closely with the Trust on a number of projects, Darren was able to master most aspects of operations before he took the reins in January 2015.
The Cultural Heritage Advisory Committee had made such progress in its review of the Register of Classified Places that it recommended it be made available to the public online while the committee continued to fine tune the list. The aim is to work toward a consolidated, online register that covers all classified places ― national, state, local and NTSA.
By the onset of the New Year, we had adopted a simplified committee structure that helped the CEO and President keep abreast of initiatives rising from the grass roots. There are now just four constituted committees: • Audit, Finance and Governance • Collections, Regions and Branches • Cultural Heritage Advisory Committee • Natural Heritage Advisory Committee The Trust also continued to review policies, rules, financial procedures and terms of reference to bring more clarity and uniformity to its operations across the board. We mounted strong advocacy campaigns aimed at maintaining state ownership of Z Ward at Glenside, Fort Largs at Taperoo and Martindale Hall at Mintaro. 1
Just before Eric Heapy’s retirement, the Trust was invited to mount an exhibition that had brought great financial success and public acclaim to the National Trust of Victoria. We agreed to put the Miss Fisher’s Murder Mysteries costume exhibition on at Ayers House in November of the following year as part of a program of renewal at this important venue. January 2015 brought a challenge for our natural heritage program when a devastating bushfire ripped through the Roachdale Reserve. Treating this event as an opportunity rather than a disaster enabled the Trust to prepare this reserve to better serve the public. Professor Norman Etherington AM President
National Trust of South Australia Annual Report 2015
CEO Report On the second day of January 2015, a massive bushfire swept through one of our most treasured nature reserves, near Kersbrook. Roachdale Reserve was completely burned, and we lost the former youth hostel building, fences and other structures. So, two days later when I took up the position of CEO there were plenty of challenges waiting. Even with such setbacks as the Roachdale fire, we have made significant progress in securing the future of the Trust in the past year. Our priority has been to bring the operating budget out of deficit and build up our investment fund to secure the future of the Trust. This is the key to increasing our effectiveness in protecting and preserving South Australia’s heritage and ensuring the long-term sustainability of our organisation. This year I am pleased to report that the financial result for the Trust shows a surplus of $238,366 for 2014/15. The challenge ahead is to maintain profitability, and to grow our income to invest in our properties and programs and the advocacy work directed towards our mission. At the same time, we need to build our investment fund as the foundation of our future financial sustainability. To do that we need to be more entrepreneurial in managing our properties. We also need to broaden the appeal of membership and volunteering by raising our profile and taking up projects that are interesting, fun and rewarding. We need to ensure younger generations are aware of the vital relevance of the National Trust to their interests and concerns. Public engagement in advocacy and education will ensure the Trust is
recognised and valued as a contributor to public debate and policy on heritage matters. Our efforts depend on the dedication and generosity of our members, volunteers and supporters. I would personally like to thank the thousands of people across the State who contribute to our mission by advocating for the protection and preservation of our heritage, be it living, built or cultural, by managing properties, museums and collections, caring for our nature reserves, and informing, engaging and entertaining the public in many different ways. I would also like to express my deep gratitude to our patrons and corporate supporters for their ongoing commitment to the Trust. In the coming year we will continue to consolidate our financial position and grow our operations. We will begin a range of new initiatives, and be an active voice in debates on the future of our built heritage and the natural environment. As the Trust enters its 60th year, our work and the contributions of our members and supporters are more necessary than ever. Dr Darren Peacock Chief Executive Officer
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Governor of South Australia, His Excellency Hieu Van
Le AO, Patron-in-Chief of
the National Trust of SA
presents the National Trust
heritage icon award to David Knox, Managing Director and CEO of Santos.
Image credit: Tom Roschi.
Year in Review July to September Planning Reform
SANTOS Award
The State Government’s Expert Panel on Planning Reform established by Planning Minister John Rau released its draft report Our Ideas for Reform in August. The report outlined 27 ‘ideas for reform’ across the planning system. A number of those have direct implications for the protection of heritage.
In September, 60 years of outstanding achievement was honoured at an anniversary gala dinner held at Adelaide Oval for South Australia’s largest company, Santos. The Governor of South Australia, His Excellency The Honourable Hieu Van Le AO, as National Trust Patron-in Chief, inducted Santos as a National Trust Corporate Heritage Icon in recognition of the company’s outstanding contribution to the State.
The National Trust made a detailed submission in response to the report in September actively advocating for stronger heritage protections in any changes to the State’s planning system. We expressed our concerns that many of the proposals put forward in the report will further erode protections for heritage and diminish the rights of individuals and communities to contest planning decisions. Appeals and Bequests A number of new building conservation appeals were established. The National Trust has managed fundraising appeals to support conservation works undertaken by other organisations for decades. New appeals were initiated for the Gawler Town Hall and Institute Building, the Adelaide Club, the Naval, Military and Air Force Club and the Uniting Church’s Adare House at Victor Harbor. At this time notice was received of two bequests to the Trust from the estate of Brian Maxwell Whibley and the estate of Eileen Kelly. Bequests play a vital role in supporting the long term future of the Trust. All bequests received are invested in full in the National Trust Heritage Fund.
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Professor Norman Etherington AM, President of the National Trust of South Australia, said Santos joins the ranks of other iconic South Australian companies such as Coopers Brewery and Haigh’s chocolates. “Heritage is made up of many things, not just historic buildings. Our heritage icon awards recognise those things that have contributed to South Australia’s identity and success”, he said. Santos also shares some of its early history with the National Trust of South Australia. John Langdon Bonython AO, Major-General George Symes CB MC and Sir Douglas Mawson OBE, who were leaders in the establishment of Santos in 1954, were also founding members of the National Trust in the following year.
October to December Advocacy Campaigns to keep publicly owned heritage places open and accessible to the public took centre stage at the end of 2014. The former Z Ward for the criminally insane at Glenside Hospital was sold by the State Government to Beach Energy. Following the sale, the Trust requested that the new owners allow an open day for the public in November. Fort Largs, a nineteenth century fortification at Taperoo was also in the news as the Trust campaigned to keep the fort in public ownership. A public rally at the site in October attracted a large number of supporters. The Trust also submitted State heritage nominations for two important World War II buildings on the site, the former Barracks and Drill Hall. Collaborations In association with the Local Government Association of South Australia (LGASA) the National Trust presented a one day workshop in October on Heritage and Tourism. Around 50 participants attended the event introduced by the Minister for Local Government, the Honourable Geoff Brock MP. The workshop included guest speakers from the National Trust and from local government exploring the ways in which heritage contributes to the local tourism industry.
with the necessary skills and experience to carry out similar work in their own right, as there are currently no formal qualifications offered within the state. Greetings and farewells A very successful garden party was conducted at Beaumont House in September for our patrons and other supporters. Guests were entertained by our magnificent jazz band, whilst enjoying the beautiful Beaumont House gardens at their spring peak. A few days later, the garden also hosted a public open garden event as part of ABC Open Gardens Australia program. More than 500 people enjoyed the benefit of the work undertaken by our enthusiastic team of garden volunteers at Beaumont House. In December Chief Executive Officer Eric Heapy was farewelled at a special event at Beaumont House. Eric had served as CEO since 2010. We all wish him the very best in his well-earned retirement and thank him for his important contribution to the Trust.
In November we hosted a forum at Beaumont House to promote the need for heritage trade skills training throughout South Australia. The main presentation was given by the SA Construction Industry Training Board (CITB) which outlined a number of successful conservation projects conducted on heritage properties. The projects provided existing trades 4
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January to March Three days into the new year, the Sampson Flat bushfire devastated a wide area to the North East of Adelaide. Roachdale Reserve, one of the Trust’s original natural heritage reserves, was completely burned in the fire. Only through the dedicated efforts of the Country Fire Service and Metropolitan Fire Service was the residence on the property saved from destruction. The fire is a reminder of the risks faced on all of our reserves in the bushfire season. Also in January, after much consideration, the NTSA Council resolved not to proceed with a sale of the Brinkworth Reserve in Port Lincoln. In March a meeting with local Councils and the volunteer management committee discussed the future of the site and how to ensure it can be sustained as both a recreation space and natural heritage reserve. Over the summer months, we staged four special public events at Beaumont House. Summer Sundays, monthly from December to March, proved a winning formula of music, wine and food and market stalls on the lush lawns of Beaumont House. Music varied from a string quartet to jazz and contemporary funk. In February we launched the new South Australian Heritage Foundation with a special event at Ayers House attended by our patron in Chief, His Excellency Hieu Van Le AO, Governor of South Australia. The SA Heritage Foundation is a new vehicle to promote the Trust’s fundraising programs, particularly conservation appeals. For decades, the Trust has operated conservation appeals to support fundraising for heritage properties through tax deductible donations. The Foundation provides a way to promote those appeals more widely.
More than sixty invited guests attended the reception at Ayers House for the relighting of the recently refurbished Mortlock chandelier, donated to the Trust by the late Dorothy Mortlock. The Governor performed the relighting to reveal the chandelier in all its glittering glory. The Mortlock chandelier is one of two Ayers House chandeliers currently being refurbished with the generous support of donors to our chandelier appeal. In March the Mount Gambier Branch staged a remarkable event at the historic Glencoe Woolshed. Over the long weekend a team of 50 shearers stepped back in time to show amazed visitors the back-breaking work of hand shearing that underpinned the success of Australia’s wool industry. The shearing team was led by Richie Foster and included six young women shearers and Australia’s national shearing champion, John Dalla. More than 2000 attended the event which was organised and managed through the hard work and dedication of volunteers working with the Trust. A terrific example of the kind of event that is possible using our historic properties like the Glencoe Woolshed.
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Our nomination of the Fort Largs Barracks and Drill Hall sites for State heritage listing was confirmed by the State Heritage Council. After the successful opening of the Z Ward building at Glenside for public tours, the new owners of the building, Beach Energy, offered the Trust a one year access agreement to continue to use Z Ward for public tours and events.
April to June April includes national Heritage Week and the Heritage Festival co-ordinated by the National Trusts across Australia. This leads into the state-wide History month in May. Our program of events during Australian Heritage Week achieved excellent attendances and media coverage. Highlights included:
Our grant application through the Commonwealth Government Department of the Environment’s Community Heritage and Icons grant program was successful. We have been awarded funding to develop a digital interpretive trail in respect of the Adelaide Park Lands and City Layout. We were also able to secure funding through the State Government to develop a mobile walking trail on the city’s musical heritage.
Victoriana: Old Fashioned Day of Play, a children’s event conducted at Beaumont House and focussing on old fashioned games and play for children and their families to enjoy in the grounds of Beaumont House. More than 700 attended the event, which was ably supported by volunteers from the Burnside, Gawler, Tea Tree Gully and Willunga Branches. Eric Carlson, a highly regarded US architect, delivered a public lecture at the University of South Australia on adaptive reuse of heritage buildings. The launch of four new trails in the Adelaide City Explorer mobile app, including the launch of the Mary MacKillop trail by the Lord Mayor of Adelaide at St Francis Xavier’s Cathedral followed by a guided walk, a Heritage Reborn event and guided walk led by Adelaide City Councillor Sandy Wilkinson, a public forum and guided walk on the unsolved mystery of the Somerton Man and the Treasured Trees trail launch and guided walk starting from the Botanic Garden. In May, many local branches participated in History month events, with more than 50 events delivered across the State, welcoming thousands of people. The annual Pioneer Women’s Walk from Hahndorf to Beaumont was once again a popular and successful event.
National Trust of South Australia Annual Report 2015
Fundraising Fundraising is a vital part of the work of the Trust. We raise funds for projects, for advocacy work and to support our ongoing operations. The generosity of donors large and small is critical to our success and sustainability. We also raise funds for other organisations who are responsible for managing and maintaining heritage buildings, such as churches, community organisations and local government. In 2013, the National Trust patrons program was established to recognise the generosity of our major donors. We have also commenced an annual fundraising appeal to members to provide an opportunity for tax-deductible giving.
In 2014/15 we established a new fundraising vehicle, the South Australian Heritage Foundation. The Foundation is a new way to promote the conservation work of the Trust in preserving and protecting South Australia’s heritage. Through the Foundation, the National Trust is undertaking a number of project appeals to conserve and restore South Australian heritage icons. Appeals are currently underway for places including St Francis Xavier Cathedral, Cape Jaffa Lighthouse, the Naval, Military and Air Force Club and Capri Theatre. Our first appeal under the Foundation, for the chandeliers at Ayers House, enabled us to have two of our finest crystal chandeliers fully restored for the public to enjoy. You can find out more about our current appeals by visiting www.saheritagefoundation.com.au.
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National Trust of South Australia Annual Report 2015
Advocacy Campaigns to keep publicly owned heritage places open and accessible to the public took centre stage at the end of 2014. The former Z Ward for the criminally insane at Glenside Hospital was sold by the State Government to Beach Energy in July. Following the sale, the Trust approached the new owners to encourage them to open this magnificent heritage building to the public. Beach Energy kindly agreed to open the building to the public, which had never before been seen. The public interest was overwhelming, with more than 5000 people arriving to see the building, more than could be accommodated. Further open days were staged, and a number of tours, including night tours, were conducted between November and January. Through the collaboration between the Trust and Beach Energy more than 10 000 people had the opportunity to explore this beautiful but grim reminder of our medical history.
President Norman Etherington arrived aboard a World War II tank and singer Eileen Darley delivered a rousing rendition of ‘We’ll meet again’. It was great to see the interest from television and other media in the story. Those who had never seen inside the fort were amazed by its quiet grandeur and shocked by its current state of neglect. The future of Martindale Hall at Mintaro also attracted the attention of the Trust. In December, the President accepted an invitation to speak at a public meeting at the Clare Town Hall. There was strong public sentiment in favour of retaining Martindale Hall in public hands. The Trust continues to advocate for this position. The Trust’s advocacy work moved into the online world with the establishment of a dedicated website for advocacy. Heritage Watch (www.heritagewatch.net.au) provides information about heritage at risk and runs online advocacy campaigns. It includes online petitions and an email subscription list with more than 1200 signed up members.
Fort Largs, a nineteenth century fortification at Taperoo which served as an army base until the 1960s, is one of the most important military history sites in the state. The Port Adelaide Branch of the National Trust has been leading a campaign against the sale into private hands of the fort. A large number of supporters joined us for a public rally in October opposing the sale of the Fort. The rally was a lively event ably supported by the Fort Glanville Historical Association, the Military Vehicle Museum and the Nine Mile Snipers.
Fort L args
Rally 8
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Properties Roachdale Reserve
Cape Jaffa Lighthouse
Since the devastating fire in January, much work has been undertaken to finalise the insurance claim for fencing, signage, buildings and infrastructure destroyed in the blaze. There have been long negotiations with contractors, neighbours and our insurer to document the claim and to make plans for the future of the reserve.
The Cape Jaffa Lighthouse in Kingston is an icon of the South East region owned by the National Trust. After being decommissioned in 1973, the offshore lighthouse was brought onto land in a remarkable preservation project lead by the Trust. Over time, the structure has suffered the effects of exposure to the elements in its new location on the foreshore and is in urgent need of extensive conservation work. We are working with the Kingston District Council on an agreement to enable this work to start in 2015/16.
There is a long road to recovery, but the first green shoots on the reserve provide a timely reminder of the land’s ability to regenerate from the ashes. A number of exciting opportunities for the future of the reserve are being canvassed including the establishment of a field research centre in partnership with one or more of the universities.
Management of Crown Land Properties The Department of Environment, Water and Natural Resources has proposed the establishment of a Working Party with NTSA to review the status of 42 government owned properties managed by the Trust. The proposed Working Party will make recommendations to the State Government on the future management of these properties.
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Ayers House Ayers House Museum continued to provide guided house tours and special events, including the popular After Dark night tours. In November, the museum won a silver award at the State Tourism Awards. A new exhibition about Ayers House during World War One was opened in May to coincide with the centenary of the war. The museum hosted a number of acts during the Adelaide Fringe Festival and staged a World War One variety evening as part of history month. Guided tours of the Old Adelaide Treasury building continue to be popular with students and tourists alike.
Beaumont House Extensive work on the exterior walls was undertaken at Beaumont House to remove stucco veneer and restore original stonework and bricks. Burnside Branch took the lead in this work to dramatically improve the look and sustainability of the walls. Garden volunteers continued their work to create a first class Mediterranean style garden. The garden is now a favoured feature for wedding parties and visitors for public events such as the Open Garden day and Summer Sundays.
National Trust of South Australia Annual Report 2015
Natural Heritage During the past year, National Trust Natural Heritage volunteers across the state have continued to make a fantastic contribution to the management and protection of the natural vegetation and habitat and the wealth of plant and animals species on our reserves. Volunteers are the backbone of the NTSA reserves, putting in hundreds of hours of physical work, while looking for opportunities to expand their numbers and educate the public on the natural beauty and conservation value of these reserves. At the same time is has been a year of more budget cuts, which have drastically reduced the range of grant funding available to NGOs and community volunteers to help with weed control in the native vegetation reserves they manage. In the latter half of last year, management focused on ensuring due attention was being paid to fuel hazard reduction on our reserves, particularly along firebreaks on the boundaries. Over many years, diligent volunteer teams have mown and brush-cut firebreaks in quite difficult conditions, or had to find extra funds to employ contractors to do so. During spring 2012, we formalised some extra help with these tasks for several reserves in the high-rainfall Mount Lofty Ranges reserves, employing Steve Krieger, then Roachdale Reserve Officer, to mow. In spring 2013 we expanded this system, with Roachdale Reserve Management Committee buying a ride-on mower to be used at Roachdale and lent to other reserves in need. Watiparinga Reserve volunteers were able to get through their preparation in half the time and at half the cost, while at Roachdale the normal firebreak around the cottage and maintenance area was expanded to three times the size. Little did we know just how important this extra mowing at Roachdale was going to be. On January 2, having missed the first sweep by of the Sampson Flat fire, Roachdale Reserve was comprehensively burnt from one end to the other by the second wave of fire. All the native vegetation was destroyed, the Old Youth Hostel burnt to the ground, all trail infrastructure vaporised, and fences and above-ground piping burnt and damaged.
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The only area not destroyed was the Roachdale Reserve cottage and the maintenance shed. Inside the new, expanded firebreak these buildings were defended by courageous firefighters. Despite the low amount of combustible material, the fire came to within 30cm of the shed walls and onto the edge of the cottage lawns. Since January, an enormous amount of work has gone into getting Roachdale back on its feet. NTSA is very grateful for the role our Community Insurance Services brokers played in helping with the insurance assessment immediately after the fire, and for the generosity of Zurich Insurance in the outcome. Contractors have been engaged for fencing, cement tank and small shed replacement, and removing the old Youth Hostel remains. Meanwhile the natural processes on the reserve are proceeding, even after the searing hot summer that followed the fire and the general reduction of rainfall. The reserve has had to remain closed to the public throughout this time as the Nature Trail has required a complete rebuild. It will now reopen in early December, 2015. Janet Pedler Natural Heritage Officer
National Trust of South Australia Annual Report 2015
Branches The National Trust of South Australia operates a network of branches across the state. There are forty-six local area branches: Adelaide & Inner Suburbs Ardrossan Burnside Coromandel Valley Gawler Port of Adelaide Tea Tree Gully Ceduna Cleve Koppio Streaky Bay Tumby Bay Whyalla Auburn Burra Clare Jamestown Port Pirie Barmera Berri Overland Comer Renmark Waikerie
Beachport Keith Kingston SE Millicent Mount Gambier Naracoorte Penola Robe Goolwa Hahndorf Kingscote KI Mount Barker Mount Lofty Penneshaw Port Elliot Strathalbyn Victor Harbor Willunga Central Yorke Peninsula Kadina Minlaton Moonta Wallaroo
Branch members undertake a range of activities to preserve and manage buildings, nature reserves and collections. Most present public programs through museums, tours and events. Some are primarily focussed on advocacy work to protect heritage places. Many participate in local as well as state-wide events such as History month.
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National Trust of South Australia Annual Report 2015
Projects Willunga Walks Willunga is one of the South Australia’s most interesting heritage towns, with many listed buildings. In November we launched a new way for visitors and locals alike to find out more about these places using mobile digital technology. The Willunga Walks mobile app offers rich information about more than 50 heritage places in Willunga through two self-guided trails for use on mobile phones and ipads. The app and related brass plaques using QR code technology were launched by the Honourable Jamie Briggs MP at the Willunga Courthouse.
Significant Tree Register For thirty years the Trust in South Australia has been identifying and registering significant trees across the State. National Trust organisations across Australia have been collaborating since 2012 to establish a single national database of significant trees. In September a new website providing on line and on site access to information about Australia’s registered trees was released at www.trusttrees. org.au. Each record includes a map, photos and tells the story of the tree’s significance. Our own Significant Tree Team painstakingly worked through 30 years of records to re-assess and standardise information about South Australia’s significant trees for inclusion within the national database and website.
Adelaide City Explorer Adelaide City Explorer is an app and mobile website presenting information about heritage places in the City of Adelaide using geo-tagging to support self-guided exploration of the city’s heritage. Developed in partnership with Adelaide City Council, Adelaide City Explorer includes 12 themed walking trails, including more than 100 heritage places across the city. In 2014/15 four new trails were launched and a further three are in development for release in 2016. The Mary McKillop walking trail was launched in April with the world’s first app ‘blessing’. 13
People Office Bearers Members of the National Trust of South Australia Council during 2014/15: Professor Norman Etherington AM, President Mr Brian McMillan, Vice President Mrs Sue Scheiffers, Vice President Mr David Beaumont OAM (Resigned November 2014) Ms Glennys Carse Mr George Hobbs Ms Melanie Kiriacou (Appointed March 2015) Mr Peter Langhans Mr John Northwood (Appointed November 2014) Mr Chris Perriam Ms Kath Rayner (Appointed November 2014) Dr Nigel Ridgway Mr Richard Stewart Ms Marilyn Tucker (Resigned November 2014) Mrs Robyn Wight
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National Trust of SA 2014 Award Recipients The National Trust of SA awards provide public recognition of the important role particular volunteers have played in leading and supporting the organisation. The intention of the Award is to acknowledge the voluntary work of members who have made an important contribution to the organisation. This contribution may have been made through the work of a Branch, Committee, Council or the State Office. The awards were presented by Professor Norman Etherington, President of the National Trust of South Australia, at the Annual General Meeting in November.
Honour Award Deborah Morgan Mary Jo Zwar Flo Blacksell Christine Parker Derek Blackwell Jamie Shephard David Beaumont OAM
Distinguished Service Award Michael Loffler
Honorary Life Membership Award Rear Admiral Kevin Scarce and Mrs Liz Scarce Eric Heapy
Certificate of Appreciation Sandy Wilkinson Geoff Francis Michelle Cormack Eldrie Lemmey Marjorie Wilson Barbara Albrecht Rosemary Palmer Grant Morgan John Green Heather Coutts Robyn Wight Madeleine Seys
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Members, Volunteers & Supporters The National Trust of South Australia depends upon the generosity of many people and organisations to achieve our purpose. As we are a membership-based community organisation, we rely on the support of our members through their annual subscriptions, participation in our activities as guests and volunteers and as advocates for our work in conserving and promoting South Australia’s heritage.
Mrs Susan Morgan Mr Ian Wall OAM Mrs Pamela Wall OAM Edmund Wright Patrons Mr Alastair & Mrs. Janet Angas Mrs Margaret Bennett Mrs Rosemary de Meyrick Mr Cedric Wells OAM
At 30 June 2015 we had 2417 current memberships, the majority of which are household members of two people or more. There were 320 new memberships in 2014/15. Members enjoy a number of direct benefits including free or discounted entry at National Trust properties around the world, quarterly magazines about contemporary heritage issues in South Australia and across Australia and exclusive member-only offers and events. In 2016 we will be undertaking a comprehensive survey of the 60 000 National Trust members across Australia to ascertain how we can develop the membership program.
Colonel William Light Patrons Mrs Joan Beer Mr Clive Brooks Mrs Kali Hunter Constantine Mr Chris Hughes Mr Skip & Mrs. Lilly Lipman
Volunteers are the backbone of our organisation. In 2014/15, more than 1200 registered volunteers across the State generously donated in excess of 110 000 hours to activities to maintain and care for our properties and nature reserves, to look after our collections and museums and promote awareness and enjoyment of the State’s heritage through tours, events and unique experiences like the Burra Passport and the Moonta Railway. Our volunteers bring diverse skills and many years of experience to their work with the Trust. We are committed to providing a high level of support to ensure that volunteering is as rewarding for the volunteers as it is beneficial for the Trust. We aim to create an environment of best practice management for our volunteers in accordance with the new National Standards for Volunteer Involvement released in May 2015. In 2013, the President initiated a patrons program for the National Trust. In the space of two years our patrons program has been successful at drawing the generous support of more than 50 individuals, couples and families. As at 30 June 2015 our National Trust patrons included: Sir George Kingston Patrons Prof Norman Etherington AM and Prof Peggy Brock Mr Hugh MacLachlan & Mrs Fiona MacLachlan OAM The Hon. Rod Matheson AM QC & Mrs Leonie Matheson Mr H. Edwin Michell Dr Patricia A Michell
Foundation Patrons Cavill Power Products Pty Ltd Mrs Anne Jolly Mr Robert (Bob) Piper AO & Mrs Margaret Piper Lady Porter Mrs Eve Shannon-Cullity Mrs Marion W Wells Mrs Skye McGregor Mr Antony & Mrs Mary Lou Simpson Mr Michael Abbott AO QC His Hon. Judge Michael Boylan QC & Mrs Deborah Morgan Mrs Kali Hunter Constantine Mr Robin & Mrs. Helen Greenslade Mr Richard Harvey AM & Mrs Cecily Harvey Mr Anthony Hurl The Hon. Dr Diana Laidlaw AM Mrs Margaret Lee Mr Ian H Lloyd Mr John P Maddern Mr Peter Morgan The Hon. Dr. Kemeri Murray AO Mr John Phillips Mrs M P Schroder Mrs Sue Tweddell Mr R J Whitington QC Mrs Pamela Yule In 2014/15 we also benefited from the generosity of our corporate supporters Santos, Geoff Hardy wines, Beerenberg Farms, Theodore Bruce, Thomson Geer, and Pitcher Partners.
National Trust of South Australia Annual Report 2015
Vale Enid Hills In her early life in the National Trust of SA, Enid was an assistant to the NTSA Director until 1978 and commenced planning and organising tours from 1980 until 2007. Her first tour group went to Tasmania and around the world over the ensuing years culminating 229 tours over 27 years. Part proceeds went to the NTSA. She was a volunteer at Ayers House and for a time, the Chairman, Marble Hill Committee, among other things. Enid was awarded NTSA Honorary Life membership for her outstanding contribution to the NTSA. Enid Hills
Photo: Chris Perriam
Beaumont House was a much-loved house portraying the lives of those who lived there and the early history of South Australia and it was not long before she became a Beaumont House guide. Enid joined the reformed Beaumont House Advisory Group Committee in Feb 2005. Following a public meeting in June 2005 and with enough interest indicated, the Burnside Branch was formed at a General Meeting on 16 October 2005 and Enid was elected to the committee with 14 others. Enid served in various roles ― Open Day organiser, Front Door admissions, Special Tours organizer, caterer, Collections Coordinator apart from guiding. She was tireless and Beaumont House became a second home away from home. Although she had health problems over the years she bounced right back to Beaumont House, as she always found something to do. At the 2008 Branch AGM she was elected ViceChairman and served in that position until August 2013 when she retired from the Committee.
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National Trust of South Australia Annual Report 2015
Lady Mary Downer
Lady Mary Downer
Photo: Stella Downer
Mary Isobel Downer was born into a family which appreciated gardens and fully understood the value of history and heritage. As a small child, her grandfather Tom Barr Smith owned Wairoa, the historic house and garden between Aldgate and Stirling and, following his death, her mother lived there until her death in 1965. She fondly remembered the wild garden and her happy days there. After she married in 1947 she went to live with her husband at Arbury Park, the property now adjacent to the South Eastern freeway where she brought up her four children. During her time in London, where her husband served as the Australian High Commissioner she had the opportunity to visit many great houses and gardens and the Downers bought property in Wiltshire, Oare House, which had a magnificent garden. On returning to Australia in 1975 Mary threw herself with gusto into the creation of a garden at their new property Martinsell, between Williamstown and Mount Pleasant. At this time she began a productive association with the National Trust, particularly with Beaumont House, and served as a Vice President and Council Member. Her devotion to the place was legendary. She would make scones to serve at the monthly opening of the property. She was most generous. She attended the President’s Garden Party at Beaumont House on 26 September and was very impressed with all the improvements since her last visit. She said how excited she was to be going back to London to spend time with Alexander and Nicky and to revisit her old home. When the Australian Garden History Society in South Australia was formed in 1984 she enthusiastically joined. She had a genuine love for the preservation of historic gardens. Her friendship with and admiration of the first AGHS Patron, Joan Law Smith, the botanical artist and writer, gave her great inspiration. She was one of the grand ladies of Australian gardening and her influence spread far and wide.
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National Trust of Australia (South Australia) Annual Report 2015
Financial Statements For the year ended 30 June 2015
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Overview The financial position of the National Trust of South Australia improved significantly in 2014/15. After reporting a loss of $212,712 in 2013/14, we were able to return a surplus of $238,366 in 2014/15. This was underpinned by an increase of 19% in overall income from $2,276,797 in 2013/14 to $2,718,997 in 2014/15 and containment of expenditure below 2013/14 levels. Overall, the total assets of the Trust increased to $11,531,042.
In the coming year, the Trust is committed to building its income and profitability to ensure that we can continue to develop our asset base to secure our future sustainability. All income from bequests and proceeds from any asset sales will be retained within our Investment Fund.
Summary of Income & Expenditure $2,800,000 $2,700,000 $2,600,000 $2,500,000 $2,400,000
Income
$2,300,000
Expenditure
$2,200,000 $2,100,000 $2,000,000
2013/14
2014/15
Sources of income 5.6% Membership fees
21.8% 18.6%
Admissions and tours Sale of goods Grants and sponsorship Property leasing
13.3%
10.2%
Fundraising and donations Interest income
4.7%
6.5% 9.4%
Sale of property Other income
9.9%
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NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2015 Note
Revenue
2
Less: expenses Depreciation expense Employee benefits expense Occupancy expense Repairs and maintenance expense Advertising expense Fundraising and special events expenses Loss on sale/revaluation of investments Administration expense Consultant Fees Grant expenditure Other expenses Surplus/ (Deficit) for the year
3
Restated 2014 $
2015 $ 2,718,997
2,276,797
(111,839) (639,253) (230,892) (321,544) (77,379) (54,944) (88,433) (414,547) (41,672) (4,903) (495,225) (2,480,631)
(118,334) (585,583) (208,063) (402,578) (55,125) (39,543) (15,354) (524,642) (89,736) (30,457) (429,492) (2,498,907)
238,366
(222,110)
Other comprehensive income Items that will not be reclassified to profit and loss Revaluation of collections restated Other comprehensive income for the year Total comprehensive income/(loss)
-
9,398 9,398
-
9,398
238,366
21
The accompanying notes form part of these financial statements.
(212,712)
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2015 Note
Current assets Cash and cash equivalents Trade and other receivables Inventories
5 6 7
Total current assets Non-current assets Investments Property, plant and equipment
8 9
Total non-current assets Total assets Current liabilities Trade and other payables Provisions Other liabilities
10 12
Total current liabilities Non-current liabilities Borrowings Provisions
2015 $
4,247,797 229,870 113,935
2,840,397 350,539 113,935
4,591,602
3,304,871
2,005,907 6,878,934
1,679,562 7,075,804
8,884,841
8,755,366
13,476,443
12,060,237
1,700,342 37,979 179,235
554,416 32,165 159,265
1,917,556
745,846
10,000 17,845
23,982 15,636
27,845
39,618
1,945,401
785,464
11,531,042
11,274,773
4,439,796 7,091,246
4,429,529 6,845,244
11,531,042
11,274,773
11 12
Total non-current liabilities Total liabilities Net assets Members funds Reserves Accumulated surplus Total members funds
13 15
Restated 2014 $
22
The accompanying notes form part of these financial statements.
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 STATEMENT OF CHANGES IN MEMBERS FUNDS FOR THE YEAR ENDED 30 JUNE 2015 Accumulated Total members Surplus funds $ $
Reserves $ Balance as at 1 July 2013
4,293,826
7,214,243
11,508,069
Deficit for the year Revaluation of collections - Restated
9,398
(222,110) -
(222,110) 9,398
Total comprehensive income for the year
9,398
(222,110)
(212,712)
(146,889) -
(146,889) 146,889 9,217 (29,801)
Transfers Gains on fund assets New endowments Capital expended and applied
146,889 9,217 (29,801)
Total movements
126,305
-
126,305
Restated balance as at 30 June 2014
4,429,529
6,845,244
11,274,773
Balance as at 1 July 2014
4,429,529
6,845,244
11,274,773
Surplus for the year
-
238,366
238,366
Total comprehensive income for the year
-
238,366
238,366
Transfers to reserve New Endowments Capital expended and applied Total movements
31,421 (21,154) 10,267
Balance as at 30 June 2015
4,439,796
7,636 (146,889) 7,091,246
23
The accompanying notes form part of these financial statements.
7,636 31,421 (21,154) (136,622) 11,531,042
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2015 Note
Cash flow from operating activities Receipts from customers, tenants and supporters Payments to suppliers and employees Interest received GST received /(paid)
Restated 2014 $
2015 $
2,383,739 (2,381,279) 148,281 52,216
2,168,135 (2,505,652) 126,718 26,986
Net cash provided by / (used in) operating activities
202,957
(183,813)
Cash flow from investing activities Proceeds from sale of property, plant and equipment Proceeds from sale of investments Payment for property, plant and equipment Payment for investments
555,991 161,288 (110,657) (571,725)
(42,448) (239,220)
Net cash provided by/ (used in) investing activities
34,897
(281,668)
Cash flow from financing activities Borrowings incurred
-
9,833
Net cash provided by financing activities
-
9,833
Reconciliation of cash Cash at beginning of the financial year Net increase / (decrease) in cash held Cash at end of financial year
16(a)
2,426,312 237,854
2,881,960 (455,648)
2,664,166
2,426,312
24
The accompanying notes form part of these financial statements.
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards - Reduced Disclosure Requirements, Interpretations and other applicable authoritative pronouncements of the Australian Accounting Standards Board, the National Trust of South Australia Act 1955 and the Australian Charities and Not-for- profit Commission Act 2012. The financial report was approved by the committee as at the date of the committee's report. National Trust of South Australia is a not-for-profit entity for the purpose of preparing the financial statements. The following is a summary of the material accounting policies adopted by the trust in the preparation and presentation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. (a) Basis of preparation of the financial report Historical Cost Convention The financial report has been prepared under the historical cost convention, as modified by revaluations to fair value for certain classes of assets as described in the accounting policies. (b) Going concern The financial report has been prepared on a going concern basis. (c) Revenue Revenue from sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Risks and rewards of ownership are considered passed to the buyer at the time of delivery of the goods to the customer. Membership Fees are recognised as income in the year they are received and not pro-rated in the subsequent year. Revenue from organising and hosting events is recognised in the period in which the events are held. Interest revenue is recognised when it becomes receivable on a proportional basis taking in to account the interest rates applicable to the financial assets. All revenue is stated net of the amount of goods and services tax (GST).
25
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National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (d) Grants and Contract income Government grants are recognised at fair value when there is reasonable certainty that the grant will be received and all grant conditions met. Grants relating to expense items are recognised as income over the periods necessary to match the grant to the costs they are compensating. Grants relating to depreciable assets are credited to deferred income and are recognised in profit and loss over the period and in the proportions in which depreciation expense on those assets is recognised. A non-reciprocal donation is recognised when the right to receive a donation has been established. When the entity receives grants but is obliged to give directly approximately equal value to the contributor, recognition of grant income will be deferred until the delivery of service. (e) Income tax No provision for income tax has been raised as the trust is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.
(f) Inventories Inventories are measured at the lower of cost and net realisable value. (g) Financial instruments Classification The trust classifies its financial assets into the following categories: financial assets at fair value through profit and loss, loans and receivables, held-to-maturity investments, and available-for-sale financial assets. The classification depends on the purpose for which the instruments were acquired. Management determines the classification of its financial instruments at initial recognition. Financial assets at fair value through profit or loss Investments in listed securities are carried at fair value through profit or loss. They are measured at their fair value at each reporting date and any increment or decrement in fair value from the prior period is recognised in the profit or loss of the current period. Fair value of listed investments are based on closing bid prices at the reporting date. Non-listed investments for which the fair value cannot be reliably measured, are carried at cost and tested for impairment. Donated financial assets Financial assets donated to the group are recognised at fair value at the date the group obtains the control of the assets. -9-
26
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (g) Financial instruments (Continued) Financial liabilities Financial liabilities include trade payables, other creditors and loans from third parties. Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal payments and amortisation. Financial liabilities are classified as current liabilities unless the group has an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. (h) Property, plant and equipment Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation and any accumulated impairment losses. Properties that are held for strategic purpose or to provide a social service and that generate cash inflows where the rental revenue is incidental to the purpose for holding the property, do not meet the definition of investment properties and are classified as properties in accordance with AASB 116. Property Freehold land and buildings and collections are initially recorded at cost. Where freehold land and buildings and collections were acquired at no cost or for a nominal amount, cost is deemed to be the fair value as at the acquisition date. Items donated to The Trust prior to 1994 are held at nil value, except Collections at Ayers House, Colingrove and Beaumont House. Freehold land and buildings are subsequently measured at cost. Collections are subsequently measured at revalued amounts. Historic buildings, investment properties and collections are not depreciated. Plant and equipment Plant and equipment is measured on the cost basis. Depreciation The depreciable amount of all property, plant and equipment is depreciated over their estimated useful lives commencing from the time the asset is held ready for use. Land and the land component of any class of property, plant and equipment is not depreciated. Class of fixed asset Buildings at cost Plant and equipment at cost Furniture, fixtures and fittings at cost Capital works at cost
27
Depreciation rates 2.5%-5% 20% - 25% 20% - 25% 20% - 25%
- 10 -
Depreciation basis Straight line Straight line Straight line Straight line
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
(i) Impairment of non-financial assets Goodwill, intangible assets not yet ready for use and intangible assets that have an indefinite useful life are not subject to amortisation and are therefore tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. An impairment loss is recognised where the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of an asset is defined as the higher of its fair value less costs to sell and value in use. Where the future economic benefits of an asset are not primarily dependent on the asset's ability to generate net cash inflows and where the trust would, if deprived of the asset, replaces its remaining future economic benefits, the recoverable amount is assessed on the basis of the asset's depreciated replacement cost which is defined as the current replacement cost less accumulated depreciation calculated on the basis of such cost. Impairment losses on revalued assets are recognised in other comprehensive income to the extent they do not exceed the amount in revaluation surplus for the same asset. Such impairment losses on revalued assets reduce the revaluation surplus for the same assets. Reversal of impairment loss for an asset measured at cost other than goodwill is recognised immediately in profit or loss. Reversal of impairment loss for a revalued asset is recognised in other comprehensive income and increases the revaluation surplus. However, to the extent that an impairment loss on the same asset was previously recognised in profit or loss, a reversal of that impairment is also recognised in profit or loss. (j) Provisions Provisions are recognised when the trust has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured. (k) Employee benefits (i) Short-term employee benefit obligations Liabilities arising in respect of wages and salaries, annual leave and any other employee benefits expected to be settled within twelve months of the reporting date are measured at their nominal amounts based on remuneration rates which are expected to be paid when the liability is settled. The expected cost of shortterm employee benefits in the form of compensated absences such as annual leave is recognised in the provision for employee benefits. All other short-term employee benefit obligations are presented as payables.
- 11 -
28
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (k) Employee benefits (Continued) (ii) Long-term employee benefit obligations Liabilities arising in respect of long service leave and annual leave which is not expected to be settled within twelve months of the reporting date are measured at the present value of the estimated future cash outflow to be made in respect of services provided by employees up to the reporting date. Employee benefit obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting date, regardless of when the actual settlement is expected to occur. (l) Borrowing costs Borrowing costs can include interest expense calculated using the effective interest method and finance charges in respect of finance leases. Borrowing costs are expensed as incurred. (m) Goods and services tax (GST) Revenues, expenses and purchased assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Tax Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the statement of financial position are shown inclusive of GST. Cash flows are presented in the statement of cash flows on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows. (n) Comparatives Where necessary, comparative information has been reclassified and repositioned for consistency with current year disclosures. (o) Adoption of new and amended accounting standards that are first operative The trust has adopted AASB 13 Fair Value Measurement for the financial year beginning on 1 July 2014. The adoption of this standard did not have any impact on the financial report other than additional disclosures.
29
- 12 -
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (p) Repairs and Maintenance/Capital improvements Expenditure on properties, collections and plant and equipment associated with normal wear and tear is treated as an expense in the appropriate section of the income statement. Where the expenditure is of a capital nature over $1,000 or relates to improving a property it is added to the cost of the asset in the balance sheet. (q) Endowments Endowments - specific reserves are established for individual endowments to The National Trust of South Australia and to acknowledge the support of the Trust by its benefactors. Amounts applied for fund purposes are amounts used to assist the objectives for which the endowment was established.
2015 $
Restated 2014 $
NOTE 2: REVENUE AND OTHER INCOME Sales revenue Membership Fees Admission & Tours Income Sale of memorabilia Grant & Sponsorship income Lease income Bequests Donation and Fundraising Other revenue Interest income Other income Profit on sale of property, plant and equipment Realised gains on investments Unrealised gains on investments
- 13 -
153,175 505,095 278,027 128,864 268,105 255,954 1,589,220
106,785 485,054 292,425 241,562 289,693 40,069 283,837 1,739,425
177,314 592,160 769,474
168,630 201,100 369,730
360,303 360,303
5,399 13,037 149,206 167,642
2,718,997
2,276,797
30
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 2015 $
Restated 2014 $
NOTE 3: OPERATING PROFIT Profit / (losses) for the year has been determined after: Bad debts expense Employee benefits Net loss on disposal of non-current assets - Realised and unrealised loss on investments NOTE 4: KEY MANAGEMENT PERSONNEL COMPENSATION Compensation received by key management personnel of the trust - short-term employee benefits
14,000 639,253
5,000 585,583
88,433
15,354
146,736 146,736
128,314 128,314
The names of committee members who have held office during the year are disclosed on page 1. In addition to the above, the names of key management personnel during the year are: Name Darren Peacock Eric Heapy
Appointment / resignation details Appointed December 2014 Resigned December 2014
NOTE 5: CASH AND CASH EQUIVALENTS Cash on hand Operating Accounts Appeal Accounts Managed Funds Account Cash on deposit
Position CEO Former CEO
7,139 824,294 1,570,045 30,437 1,815,882 4,247,797
7,489 723,375 404,437 27,651 1,677,445 2,840,397
Cash and cash equivalents held by the trust in Appeal accounts and Managed Funds Accounts are not available for use by the trust. NOTE 6: TRADE AND OTHER RECEIVABLES CURRENT Trade debtors Prepayments Interest receivable GST Input Credits 31
51,708 94,084 5,725 78,353 - 14 -
88,523 104,868 8,916 70,247
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 2015 $ NOTE 6: TRADE AND OTHER RECEIVABLES (CONTINUED) Other debtors
Restated 2014 $
229,870
77,985 350,539
113,935
113,935
2,005,907
1,679,562
3,819,969 (297,857) 3,522,112 617,568 (452,489) 165,079
3,941,806 (275,471) 3,666,335 590,045 (411,968) 178,077
2,549,500
2,542,500
NOTE 7: INVENTORIES Goods for sale and other NOTE 8: INVESTMENTS Financial assets at fair value through profit or loss Shares in listed corporations/ managed funds All financial assets at fair value through profit and loss are held for trading.
NOTE 9: PROPERTY, PLANT AND EQUIPMENT Land and buildings at cost or valuation Accumulated depreciation Plant and equipment at cost Accumulated depreciation Collections at valuation Furniture, fixtures and fittings at cost Accumulated depreciation
893,834 (891,895) 1,939
891,552 (880,603) 10,949
Capital works at cost Accumulated depreciation
1,163,528 (523,224) 640,304
1,163,528 (485,585) 677,943
Total property, plant and equipment
6,878,934
7,075,804
- 15 -
32
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 9: PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (a) Details for measurement of revalued amounts Collections deemed to be worth less than $5,000 are not carried and considered to be of historic interest only. Valuation of collections above this threshold are reviewed at least annually by the Branch Curator responsible for managing the collection, or in certain instances, from local antique dealers. Professional valuations are performed if and when market values of these items are considered to have moved significantly. (b) Reconciliations Reconciliation of the carrying amounts of property, plant and equipment at the beginning and end of the current financial year Land and buildings Opening carrying amount Additions Disposals Depreciation expense Closing carrying amount
3,666,335 73,851 (195,688) (22,386) 3,522,112
3,654,892 31,884 (20,441) 3,666,335
Plant and equipment Opening carrying amount Additions Disposals Depreciation expense Closing carrying amount
178,077 27,524 (40,522) 165,079
197,480 18,562 (2,384) (35,581) 178,077
Collections Opening carrying amount Additions Valuation - Restated Closing carrying amount
2,542,500 7,000 2,549,500
Furniture, fixtures and fittings Opening carrying amount Additions Depreciation expense Closing carrying amount
33
10,949 2,282 (11,292) 1,939
- 16 -
2,533,102 9,398 2,542,500
34,287 (23,338) 10,949
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 2015 $
Restated 2014 $
NOTE 9: PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (b) Reconciliations (Continued) Capital works Opening carrying amount Depreciation expense Closing carrying amount
677,943 (37,639) 640,304
717,132 (39,189) 677,943
NOTE 10: TRADE AND OTHER PAYABLES CURRENT Trade creditors Other creditors Accrued expenses Appeals
4,978 80,833 54,259 1,560,272 1,700,342
18,538 67,652 54,141 414,085 554,416
10,000
23,982
31,983 5,996 37,979
29,956 2,209 32,165
17,845 12
15,636 13
NOTE 11: BORROWINGS NON CURRENT Branch external loans NOTE 12: PROVISIONS CURRENT Annual leave Long service leave NON CURRENT Long service leave (a) Number of employees at year end
- 17 -
34
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 2015 $ NOTE 13: RESERVES Donations revaluation reserve Heritage fund Asset disposal reserve Endowment funds
2,486,043 679,556 96,947 1,177,250 4,439,796
Restated 2014 $
2,486,043 679,556 96,947 1,166,983 4,429,529
Donation revaluation reserve - In July 2002, The Trust obtained an independent valuation of the collections at Ayers House, Collingrove and Beaumont House. The value of the donated collections has been recognised by creation of the Donations Revaluation Reserve. Revaluation of collections are recorded to this reserve. The Heritage fund - This reserve is used for Trust projects and operations. Asset disposal reserve - This reserve is for funds held by State office, which can be called upon by Branches when required for the respective branch assets. Endowments funds- These specific reserves are established for individual endowments to The National Trust of South Australia and to acknowledge the support of the Trust by its benefactors. Amounts applied for fund purposes are amounts used to assist the objectives for which the endowment was established. NOTE 14: CORRECTION OF ERROR During the year the trust received valuations for additional collections that had not been valued at 30 June 2014, but were in existence at that date. This has been restrospectively adjusted to recognise the value of Collections at 30 June 2014, and the measurement of collections in accordance with the requirements of the Australian Accounting Standards. The adjustment resulted in the reduction in revaluation and an increase in the Donations Revaluations Reserve within the member funds previously reported for the year ended 30 June 2014 amounting to $1,726,500. The effect of the adjustment for the year ended 30 June 2014 is summarised as follows: Previously reported $ Revaluation of Collections Donations revaluation reserve
35
(1,717,102) (759,543) (2,476,645)
- 18 -
Restatement $ 1,726,500 (1,726,500) -
Restated balance $ 9,398 (2,486,043) (2,476,645)
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 2015 $ NOTE 15: ACCUMULATED SURPLUS Accumulated surplus at beginning of year Net loss Transfer to reserves
Restated 2014 $
6,845,244 238,366 7,636 7,091,246
7,214,243 (222,110) (146,889) 6,845,244
7,139 2,424,776 1,815,882 (1,583,631) 2,664,166
7,489 1,155,463 1,677,445 (414,085) 2,426,312
NOTE 16: CASH FLOW INFORMATION (a) Reconciliation of cash Cash at the end of the financial year as shown in the statement of cash flows is reconciled to the related items in the statement of financial position is as follows: Cash on hand Cash at bank At call deposits with financial institutions Appeal Accounts not considered as cash
NOTE 17: RELATED PARTY TRANSACTIONS No related party relationships or transactions exist, other than those disclosed in Note 4. NOTE 18: CAPITAL AND LEASING COMMITMENTS The trust did not have any capital or leasing commitments at 30 June 2015 (30 June 2014: $Nil). NOTE 19: CONTINGENT LIABILITIES The trust had no contingent liabilities at year end.
- 19 -
36
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 20: FAIR VALUE MEASUREMENT (a) Fair Value Hierarchy Assets and liabilities measured and recognised at fair value have been determined by the following fair value measurement hierarchy: Level 1:
Quoted prices (unadjusted) in active markets for identical assets or liabilities
Level 2:
Input other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly
Level 3:
Inputs for the asset or liability that are not based on observable market data Level 1 $
2015
Level 3 $
Total $
Recurring fair value measurements Financial assets Financial assets at fair value through profit or loss Shares in listed corporations Non-financial assets Revalued property, plant and equipment Collections
2,005,907
-
2,005,907
-
2,549,500
2,549,500
1,679,562
-
1,679,562
-
2,542,500
2,542,500
Restated 2014 Recurring fair value measurements Financial assets Financial assets at fair value through profit or loss Shares in listed corporations Non-financial assets Revalued property, plant and equipment Collections
37
- 20 -
National Trust of South Australia Annual Report 2015
NATIONAL TRUST OF SOUTH AUSTRALIA ABN 45 432 652 725 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2015 NOTE 20: FAIR VALUE MEASUREMENT (CONTINUED) (b) Valuation techniques and inputs used in level 3 fair value measurements Fair value $
Valuation technique
Description of valuation technique and inputs used
2,549,500
Transaction price paid for an identical or a similar asset
Fair value is measured by reference to observed sale prices achieved by similar asset adjusted for condition, age, etc.
Fair value $
Valuation technique
Description of valuation technique and inputs used
2,542,500
Transaction price paid for an identical or a similar asset
Fair value is measured by reference to observed sale prices achieved by similar asset adjusted for condition, age, etc.
2015 Fair value measurements Non-financial assets Revalued property, plant and equipment Collections
Restated 2014 Fair value measurements Non-financial assets Revalued property, plant and equipment Collections
NOTE 21: EVENTS SUBSEQUENT TO REPORTING DATE There has been no matter or circumstance, which has arisen since 30 June 2015 that has significantly affected or may significantly affect: (a) (b) (c)
the operations, in financial years subsequent to 30 June 2015, of the trust, or the results of those operations, or the state of affairs, in financial years subsequent to 30 June 2015, of the trust.
- 21 -
38
The National Trust of South Australia is a community-based membership organisation established in 1955. We work to preserve, protect and promote our built, natural and cultural heritage with the support of our members, volunteers and supporters. This document is available from our website at www.nationaltrustsa.org.au​ National Trust of South Australia Beaumont House, 631 Glynburn Road, Beaumont SA 5066 ABN 45 432 652 725 T (08) 8202 9200 F (08) 8202 9201 E admin@nationaltrustsa.org.au W www.nationaltrust.org.au/sa
NATIONAL TRUST SOUTH AUSTRALIA
With thanks to our corporate supporters