http://vinnies.org.au/files/QLD/Publications/SVdP-AnnualReport09%20LOW by St Vincent de Paul Society Australia

St Vincent de Paul Society Queensland

Annual Report 2008-2009

St Vincent de Paul Society Queensland

Annual Report 2008-2009

The hand of Christ blesses the cup

The hand of love offers the cup

Contents Snapshot of the year

State President and CEO’s report

Who we are

Snapshot of the year PAGE 4

Human services overview

Archbishop’s message

Spiritual reflection

State President and CEO’s report

Committee reports

PAGE 6

Central Council reports

Our history

About the Society

Special Works

Acknowledgements

Vale

Government funding

Financials

Central Council reports

Services directory

PAGE 22

Contact details

Committee reports PAGE 14

The hand of suffering receives the cup

Who we are Our mission

About the Society

The St Vincent de Paul Society is a lay Catholic organisation that aspires to live the gospel message by serving Christ in the poor with love, respect, justice, hope and joy, and by working to shape a more just and compassionate society.

The St Vincent de Paul Society Queensland is a non-profit organisation that is dedicated to serving the most disadvantaged and underprivileged people in our community.

Our vision The St Vincent de Paul Society aspires to be recognised as a caring Catholic charity, offering a ‘hand up’ to people in need. We do this by respecting their dignity, sharing our hope and encouraging them to take control of their own destiny.

Established in Queensland in 1894, the Society’s members and volunteers provide financial and practical support, advocacy and friendship to the most vulnerable in our communities. This support is delivered through local groups, known as ‘conferences’, as well as through our human services and Centres of Charity (Vinnies Shops). For more about the Society in Queensland, please see page 30.

St Vincent de Paul Society Queensland

What we do – a snapshot of the year Helping those in distress

Homelessness

Natural disasters

Home visitation

Families Back on Track

Queensland floods

Supporting the future

Nearing lock-up stage

Victorian bushfires

At the core of the Society’s work is its home visitation. Conferences respond to calls from people in need within their local communities and provide assistance with food, material aid, budget and utility bill advice, advocacy issues, as well as a hand of friendship.

The Gold Coast and Country Central Council’s landmark housing project Families Back on Track commenced work. The project, due for completion in March 2010, will house up to 108 people – single parents and their kids, teaching them the skills necessary to break the cycle of homelessness.

Outcomes for people requesting assistance

Helping services statistics Mission focused statistics

2007-08

2008-09

Numbers of requests for assistance

159,361

147,790

Estimated nos. of people helped

380,000

325,000

Total nos. Members and volunteers

7,416

6,912

Direct financial assistance provided

$ 6.5m

Total cost of helping services

$16.4m

$18.4

These statistics should be read in conjunction with the audited financial statements and the commentaries contained in this Annual Report.

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Over $222,000 was raised to provide practical assistance, material and financial aid, counselling, emotional support and referral services to those affected by North Queensland floods and Victoria’s Black Saturday fires.

inancial assistance provided F 65% In-kind assistance provided 27% Referred to another SVDP service 4% Referred to another service provider 1% No assistance provided 3% These figures show that although this year fewer people have requested assistance, there has been a 23% increase in requests for financial assistance.

Migrants and refugees

Overseas development

Aged and disability care

VoRTCS

Re-establishment in PNG

Home modification program

Settlement services

Kiunga projects

Toowoomba’s disability service

Our Volunteer Tutoring and Community Support (VoRTCS) program and case management at our St Vincent de Paul Settlement Services encouraged empowerment for migrants and refugees throughout Queensland.

Our overseas development programs continued in the spirit of providing a ‘hand up’ by giving people tools and skills to enrich their lives. The Emmaus farm project in Kiunga teaches young boys self sufficiency.

Main source of income of those assisted overnment pension G or allowance 41% Wages and salary earners 16% Other income incl. child support and super 6% No income 29% Not determined 8% These figures indicate that the profile of groups most likely to seek assistance from the Society are (1) people aged 25-44, with children, but without an immediate source of income. This group would include persons who have no

The Home Modification program and Toowoomba’s disability services worked with many more people in the true spirit of the Society – to assist people to live independently and reach their full potential in life.

Age groups of people assisted -16 41% 0 17-24 10% 25-44 31% 45-64 11% 65 and over 6%

entitlement to pensions or allowances and those who have been denied benefits and (2) people who are on pensions or allowances, such as the aged pension, disability pensioners or those on carers allowances.

St Vincent de Paul Society Queensland

Message from the President and Chief Executive Officer The Society has experienced a difficult year. Faced with increased requests for assistance from Queenslanders in real financial trouble and from reduced income from our investments and business operations, the Society’s financial position has been severely tested. Despite these difficult conditions, significant progress has been made in a number of areas. We have pleasure in presenting the following report to members, volunteers, donors and staff.

John Campbell State President

Peter Maher CEO

The financial year 2008-2009 has not only been a year of world financial crisis but a year of real crisis for many thousands of Queensland families. The crisis has seen a significant change in the overall pattern of poverty with clear evidence of an increasing number of working poor coming to the Society for assistance. Although the numbers of requests for assistance was down slightly on last year, the numbers of people who have some work but who needed financial assistance increased markedly. No doubt the Commonwealth government’s stimulus packages helped many, however many of those low paid workers with reduced hours or little overtime, who were at the same time facing increasing costs of rent, fuel, power and household requisites, had a very difficult year. Our conference members and centre volunteers responded where they could with care, compassion and a ‘hand-up’ with their usual dedication. Our Social Justice Committee also took up the challenge and achieved a number of campaigning ‘wins’ on behalf of the most vulnerable in our community. The Society contributed to the development of government’s social housing policy, 6 | St Vincent de Paul Society Queensland

refugee policy, the Queensland Government “Compact” with the community services sector and helped lobby governments for improvements in emergency relief housing and in Centrelink services. In the middle part of the year, the devastating floods in North Queensland and then the shocking Victorian Bush fires captured the nation’s attention and, with their traditional compassion, Queenslanders responded with their gifts of money and goods. In a well coordinated response, the Society in Queensland was able to play a part in helping. Our sincere thanks go to all who contributed so generously. Many of us will have life-long memories of World Youth Day and all the associated activities, and for our Youth Team members, WYD provided numerous opportunities to introduce young people to the work of the Society. These encounters will bear fruit in the years to come as the friends and contacts made engage with the Society’s wide range of activities. During the year the Society continued to develop its housing services. The $7.2 million ‘Families Back on Track’ building project on the Gold Coast got under way, with a planned opening of the 28 new transitional housing units due to be completed in March 2010. The Nebo Road project in Mackay was refurbished and the Home and Community Care Support Service on the Gold Coast was expanded.

“Despite the difficult economic environment, the people of Queensland have continued to support the work of the Society...” Also during the year, a major search was conducted to identify opportunities to expand the Society’s social housing stock. 26 exciting projects have been identified potentially creating low cost housing opportunities for up to 100 low income families. Work has continued, despite the difficult economic circumstances, on increasing the Society’s organisational capacity to support modern, safe and efficient services for the poor and underprivileged. The Society’s governance arrangements were enhanced with the reorganisation of the State Council’s Committee system, upgraded financial

control measures and an on-going internal audit program. A revised set of Workplace Health and Safety guidelines and education materials were distributed, and, with the help of government grants, the Society’s information technology systems have been upgraded, the Queensland Society’s pages on the new national web site have been upgraded, as has the State-wide payroll system. Despite the difficult economic environment, the people of Queensland have continued to support the work of the Society with their donations both in cash and in-kind. The 2008 Christmas Appeal and the 2009 Winter Appeal received record levels of support, and response to special appeals for Families Back on Track and for the two natural disasters has been most encouraging. The Society continues to attract the support of a wide cross section of the community with record numbers of donors making a valuable contribution. Our sincere thanks go to our wonderful, generous donors and benefactors. The Society could not function without the wonderful efforts of its members, volunteers and staff. The ongoing commitment and vocation of our members has not been neglected or taken for

granted during the past year. The President’s ‘Blue Bulletin’, Vice President’s Vocational Development bulletin, the Mental Health Committee bulletin, and the Social Justice Committee newsletters have enhanced our sense of community and purpose. These regular communications, together with the annual ‘President’s Weekend’ and an active travel program, have ensured that the ideas and issues of the membership have been taken into consideration by State Council. The year ahead will be tough both for those who are the victims of the present economic downturn and for the Society, as our members, volunteers and staff respond to the needs of the people who need our help. With your help, support and prayers we will again rise to the challenge!

John Campbell State President

Peter Maher Chief Executive Officer

St Vincent de Paul Society Queensland

Who we are Governance team: State Council and Committees State Council

Central Council

John Campbell

Peter Richards

Ron Beauchamp

Colleen Holliday

Brian Moore

Eric Eastment Vice President

Mervyn Powell

Allan Harris

Bernadette Hyde-Mewburn Vice President

Peter Dougherty

Ron Klease

Ron Sullivan

Michael Waterhouse

State President

Senior Vice President

Vice President

Peter Driver

Brisbane South / City

Gold Coast & Country

Rockhampton

Townsville

Far North Queensland

Northern

Toowoomba

Western

State Treasurer

Committees • Social Justice • Mental Health • Youth Kathleen Ferrero State Youth Representative

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• Children’s Education Fund • Overseas partnership and development

•M igrants and refugees • Centres • Audit • Property • Finance • Investment

Management team Staff

Executive

Area Managers

Peter Maher

David Worsnop

Ray Oâ&#x20AC;&#x2122;Donnell

Maree Fell

Deborah Nisbet

John Goodwin

Chris Stenner

Sharyn Shearsmith

Doug Maynard

Kathie Brosnan

Ted Flack

Christine Knickel

Cassandra Ashton

Chief Executive Officer

Human Services

Chief Financial Officer

People

Communications and Fundraising

Brisbane South / City

Gold Coast & Country

Rockhampton

Townsville

Far North Queensland

Northern

Toowoomba

Western

Carolyn Sauvage Administration

St Vincent de Paul Society Queensland

Human services overview For thousands of people every year, the St Vincent de Paul Society Queensland is a lifeline: an organisation that provides community services for those who need care and assistance. We are more than just a welfare organisation. The Society’s history of service to the disadvantaged and marginalised is based on a foundation of spirituality. The Society lives out its mission through providing a hand up, not just a hand out, to those in our communities who are less fortunate, to ensure no one, regardless of circumstance, misses out on reaching their full potential in life. For a full services listing, see page 58.

Community services • Visitation work is conducted by our Society members through over 200 local conferences throughout the state • Our Child and Family Program is committed to promoting safety and quality of life to children, and provides a therapeutic and educational environment for children and their families • Our food distribution and low cost food outlets for people in need provide access to affordable food

Working at a grass roots level

Aged or disabled persons support • The Home Modification Program provides an array of in-house modifications to the homes of frail, aged or disabled individuals to allow them to continue living independently • Our disability services program provides supported accommodation for people with a disability to live in assisted independent living Caring support to provide independence

Emergency and transitional accommodation • Short and medium term accommodation is provided in partnership with community, government and other agencies to respond to the needs of people who are homeless or in housing crisis • Our Families Back on Track project on the Gold Coast will offer supported accommodation for single parents and their families, providing them with the skills necessary to break the cycle of homelessness

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Breaking the cycle of homelessness

Migrant and refugee support • Assistance with family reunification through an airfare no-interest loan program • Case management for families and individuals encouraging empowerment and facilitating self-reliance with our settlement services program • Providing financial assistance to refugees for use in short-term, educational courses • Our volunteer tutoring program, VoRTCS, provides in home English language support to refugee families throughout south-east Queensland

Empowerment for our newest neighbours

Recovery services • Our drug and alcohol rehabilitation centre provides medium term accommodation for men recovering from addictions, while the Society helps them find long-term accommodation, training and counselling

Overseas partnership and development • ‘Twinning’ connects local conferences with a conference in another country from the Asia-Pacific region • The ‘Assist a Student’ program allows sponsorship of children for an entire year of study • Pakistan Literacy Project provides funding for children from Pakistan to have lessons in basic literacy • Our St Martin’s Chemist Conference coordinates donations of much needed medical supplies, including reading glasses, to our partner countries

Assist a Student

• Papua New Guinea and Kiribati projects

Youth and education support • Mini Vinnies, Teen Vinnies and Young Adult conferences raise social justice awareness • Buddies Days provides positive role models for disadvantaged youths • Our Children’s Education fund provides financial support to give young people access to education Children’s Education Fund

St Vincent de Paul Society Queensland

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Archbishop’s message

Spiritual reflection

Blessed Frederic Ozanam established the St Vincent de Paul Society in 1833. It was an association of laymen for personal service to the poor.

A hand up to those in need

Since then it has spread throughout the world for the benefit of the poor and the greater glory of God and the Church. It is a magnificent Society that balances prayer and action. Prayer without action is empty while action without prayer is John A Bathersby DD likewise empty. In a Archbishop of Brisbane world where so many people live today without God, prayer is absolutely essential for the well being of the St Vincent de Paul Society. Without prayer the Society will become a humanist organisation, good in itself but lacking that powerhouse of God’s grace that is absolutely essential for Christian ministry. May the Society continue to flourish in 2009 and may the people of God continue to give it every support through prayer and sacrifice. May Blessed Frederick Ozanam be its inspiration and prayerful support, and may Mary the mother of Jesus and St Vincent de Paul continue to pray that the Society may love God, and care for the poor who constantly need its ministry. Sincerely in Christ, Most Rev John A Bathersby DD Archbishop of Brisbane August 2009

The St Vincent de Paul Society is a lay Catholic organization that aspires to live the Gospel by serving Christ in the poor with love, respect, justice, hope and joy, and by working to shape a more just and compassionate Society. The Society aspires to be recognised as a caring Catholic charity, offering “a hand up” to people in need. We do this by respecting their dignity, sharing our hope and encouraging them to take control of their own destiny. Its ministry through person to person contact embraces every form of aid, including Social Justice to alleviate suffering and promote the dignity and integrity of mankind. The Society serves everyone, regardless of creed, opinion, colour and origin. Should we have the desire to become a more generous person, we certainly should not wait for our income to change… We need to change our hearts now! We need to find a reason to give every day… We need to look at the St Vincent de Paul Society as a compelling worthy ministry. When it comes down to the crunch, the recipients of Vincentian assistance are not causes or institutions, they are people loved and valued by God... people for whom Christ died! So what are we prepared to do for others? How we answer that question is indeed a measure of our generosity. At this very moment, people less fortunate than ourselves urgently need our assistance, our know how, our concern and our love. Here is your opportunity to leave Heart Prints of Kindness by becoming a regular donor or a member of the Vincentian family. I am sure we remember the old saying… “live and let live”… but it would be much better to “live and help live”… and make a difference in someone’s life. I will leave this response up to you. Your Brother in Christ, Brian Moore

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St Vincent de Paul Society Queensland

Committee reports Social Justice Chairperson Robert Leach

“… the pursuit of social justice is integral to being both a faithful Catholic and a true Vincentian…” The Social Justice Committee works in three ways: 1) to raise awareness of social justice issues amongst the membership at large, 2) to advocate vigorously on issues at a state level while encouraging conferences to act locally, and 3) to actively encourage each conference to appoint a social justice liaison person who can link the committee to each conference while promoting social justice within their own conference.

• State government and Productivity Commission on Gambling • Letters to federal and state members of parliament, and to newspapers • Liaison with federal and state members of parliament; meetings with department heads and networked with key organisations, including the Energy Ombudsman Council, QCOSS, Mission Australia, Lifeline.

Mental Health Chairperson Chris Davidson

“… the real work of Vincentians being about making human contact…”

• Representative from the Toowoomba Central Council, Val Gray

The Mental Health Committee works to encourage conferences throughout Queensland to help people living with mental disorders as part of their special works, and to support conferences who do so.

• Youth Representative, Tristan Fitzgerald

AIMS

• An internal review of the committee was conducted to guide our future direction

• To create awareness among Vincentians of the special needs of people with mental disorders and of what Vincentians themselves can do to help

Growth of the committee • Gained a spiritual advisor, Father Gregory Jordan

• Teleconferences were introduced. Activities Advocacy • Housing: housing shortage and high rents • Financial crisis: short term money lenders, impact of bank charges on the poor, need for more government support for financial counselling services • Family crisis: negative impact of poker machines, need for effective hardship programs from electricity and gas retailers; educational assistance for low income families; inadequacy of the pension; issues for people with inappropriate visas Communications • Through our monthly bulletins, we have provided stimulus to action, information regarding where assistance may be obtained, inspiring examples of social justice in action through successful conference work, and documentation showing the pursuit of social justice is integral to being both a faithful Catholic and true Vincentian 14 | St Vincent de Paul Society Queensland

• To devise a choice of practical ways in which conferences can become involved in the mental health ministry, and to emphasise the real work of Vincentians being about making human contact. AcHIEVEMENTs • Broadened the network of Vincentians throughout Queensland with enthusiasm for this ministry • Influenced Vincentians (notably in Nambour, Townsville and Mackay) to complete a Mental Health First Aid course • Began work on the establishment of Compeer, an internationally affiliated volunteer friendship program for people living with a disability, with a particular focus on the Caloundra region as a ‘platform’ for its introduction throughout the state • Established relationships in Innisfail with local mental health care providers, with a view to working together in a drop-in centre.

St Vincent de Paul Society Queensland

Youth report Representative Kathleen Ferrero

Reinvigorating and recruiting have been two of the major achievements of the Vinnies Youth team over the 2008 / 09 financial year. Our involvement with schools throughout the State increased, with 149 schools getting involved with the Christmas and Winter Appeals, as well as Mini and Teen Vinnies. The Catholic Education Commission’s ‘Act of Kindness’ week encouraged schools to link with local conferences to raise support for the Winter Appeal.

Buddies Day

<< National Cou ncil Vice President Alicia Luchetti, State Youth Representative Kathleen Ferre ro, and pilgrim Catherine Lutv ey.

WORLD YOUTH DAY Almost twelve months ago a group of 16 nervous and excited young people embarked on the 12 hour bus ride to Sydney for the beginning of a week known as World Youth Day (WYD). WYD not only encouraged a deeper understanding of what it means to be Catholic, but also celebrated being Catholic, with a myriad of events and concerts, lectures and forums. Language barriers were overcome by the exchanging of gifts and through singing and dancing. Exhaustion was overcome by the sheer excitement: trying to catch a glimpse of the Pope mobile, experiencing the wonder of the candlelight vigil. A week of concerts, gatherings, catechesis sessions, forums, expos and much, much more; a week of joy, faith, hope, prayer, discovery and friendships; a week that would touch the lives of everyone, young and old, who attended, or was involved with, World Youth Day 2008.

The Buddies Day program, which links disadvantaged children with positive role models, continued its expansion, with programs established in the Redlands, Toowong, Innisfail, Albany Creek and Gladstone. The program conducted a Leaders State Forum to facilitate advanced training and encourage reflection on experiences.

Special Events Social Justice Forum held by Rocky Youth Family-by-family program run by Rocky Youth, which provides support to Women’s shelters and homeless services Vinnies Homeless Street Retreat – South Brisbane BBQ lunch and dinner for the homeless Youth Homelessness Matters – event highlighting the first report into youth homelessness in Australia

Children’s Education Fund Chairperson Kathleen Ferrero The Children’s Education Fund provides financial assistance to students, through items such as school levies, excursions, uniforms or books. • 543 number of applications received • 1220 number of students assisted • $244,719 in total distributed

Kathleen Ferrero, State Youth Representative St Vincent de Paul Society Queensland

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St Vincent de Paul Society Queensland

Committee reports Projects

Overseas partnership and development Chairperson Peter Richards

“… we are empowering those we assist to have a more comfortable life in their world, and care for our fellow man in the true ethos of the Society…”

The Overseas Development Committee provides assistance, mainly though health, hygiene and education, to the Asia Pacific Region, including Papua New Guinea (PNG), Kiribati and the Solomon Islands. • Re-establishment of the Society in PNG • St Martin’s Chemist Conference – the Conference sent 450 packages of medical necessities to the value of $138,722 •A ssist a Student – raised over $112,000 to assist over 1600 disadvantaged students in south-east Asia •P akistan Literacy Project – over $26,000 was raised to support 22 teachers in Pakistan teach hundreds of children basic literacy skills •T winning – 405 conferences in south-east Asia are ‘twinned’ with conferences throughout Queensland •C hristmas and Easter grants raised over $108,000 towards Twinning •C ontainers – seven containers were sent to Vanimo, Aitape, Solomon Islands, Bougainville, Port Moresby and Mount Hagen containing basic necessities •S pecial projects – built six water tanks in Papua New Guinea, chainsaw and mill, solar panels, school equipment.

Migrants and refugees Chairperson Damian Jones The Society’s Migrants and Refugees program supports refugees through three main program: household settlement, support for those on temporary visas and English language tutoring. VoRTCS The Volunteer Refugee Tutoring and Community Support Program (‘VoRTCS’), which is a volunteer driven 16 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Committee reports Special Works of the Society, provided 850 volunteers for free weekly in-home English language tutoring and foundational community support to over 300 newly arrived refugee families throughout the greater Brisbane region. Highlights • 850 volunteer tutors supported 300 refugee families • Inaugural VoRTCS youth camp • Host of 2009 World Refugee Business Leader’s breakfast

Rule, spiritual reflections and other items of interest necessary for Vincentian vocational development.

Housing The aim of the housing program is to provide safe, secure and affordable housing for people who are homeless or at risk of homelessness, and to advocate for the homeless in order to create a just and inclusive society. Major achievements and accomplishments

• Participation in World Refugee Day festival, Zillmere Multicultural Festival and Logan Q150 Street Festival

• The completion of the first stage of the housing provider accreditation process (Accreditation site inspection is scheduled for 14 October 2009)

• Organisational achievements include overhaul of database, review of volunteer induction processes and phase one evaluation.

• Expansion of the housing program by working with local parishes, Vincentian Conferences etc for greater housing stock

Settlement Services 115 new clients were assisted by the program, which assists migrant and refugee clients to participate equitably in Australian society as soon as possible after arrival.

• Expansion of the housing program stock by successful tendering for management rights of Queensland Department of Housing properties

International Humanitarian Settlement Service 182 basic household kits were provided to migrants and refugees in Cairns, Townsville and Toowoomba. Mentoring and tutoring The mentoring and tutoring program links refugees with education and training, as well as provides them with a mentor figure.

• Completion of submissions to attract funding through the NRAS and stimulus packages, and creating substantial tenders for further housing stock • Assisting in bringing the Families Back on Track Housing Project on the Gold Coast to fruition.

Centres Chairperson John Forrest

Vincentian Vocational Development The role of the Vincentian vocational development committee is to further the development of Vincentians in the five virtues essential to promoting love and respect for the poor. Vincentian vocational spirituality is very much a personal Vincentian issue between Christ and the Vincentians, and must be continually nourished and encouraged by Vincentians themselves. Vocational development bulletins are now sent out on a monthly basis containing topics relating to The

The State Centres Committee continued to work effectively, cooperatively and productively to drive the delivery of a strong revenue stream for the ‘good works’ of the Society. Major achievements • It is noticeable that the gross revenue from sale of goods is $18,771,985, which is an increase of almost $1 million from the previous year; • Point of Sale System was rolled out successfully in three Central Councils, with the probability of another three areas coming on board in 2010. St Vincent de Paul Society Queensland

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St Vincent de Paul Society Queensland

Committee reports • Advanced adherence to Style Guide with regards to the branding and marketing of the ‘Vinnies’ name, with external and internal signage meeting compliance • Further emphasis on Society policy and workplace health and safety issues to fruition. • Export of surplus seasonal clothes from areas participating remains strong • Development of communication relationships between Central Councils in the sharing of best practice and experiences • Waste reduction and recycling opportunities continue to be under close scrutiny.

Audit Chairperson Andrew Musial

The Audit Committee provides assurance to the State Council of the financial and administrative processes of the Society by focusing on the external audit process, evaluating the effectiveness of the internal audit function and reviewing internal control procedures. Major achievements and accomplishments • Implementation of a successful internal audit program that included the review of the accounting model, Members On-Line database, an insurance portfolio review, and extensive Vinnies Centre of Charity programs • Positive progress was also achieved in clarifying the communication process and various topical disclosure requirements with the external auditors.

Communications and fundraising The two key focuses of the State Communications and Fundraising plan are: • improved levels of both public awareness and internal understandings • annual increases in the overall levels of fundraising income. During the 2008 / 09 financial year, these targets were not only met, but considerably surpassed. 18 | St Vincent de Paul Society Queensland

Public awareness • During the year, media releases were issues on a range of topics concerning homelessness, families in crisis, volunteering, disasters, and fundraising • Society spokespersons were increasingly sought out by the media for comment on many issues, including poverty, homelessness, increase in demand for services • Press, radio and television coverage garnered approximately $1,849,090 in commercial value. Internal communications • Society publications, including the National Council’s The Record, new state newsletter Making a difference, and the Blue Bulletin were distributed regularly to all Conferences, councils and special works • Brochures, posters, flyers and special envelopes were widely distributed to support conference fundraising and provide visual tools for Centres of Charity. Fundraising State Office fundraising results • The overall fundraising results for the 12-month period to 30 June 2009 shows that total funds raised through public appeals and bequests was $3.5 million, or a 20% increase on last year’s total of $2.7 million • Amongst the notable results were record totals raised by the 2008 Christmas and 2009 Winter Appeals, and increased support for our two Newsletter Appeals • The number of active donors for the Society increased by 10.99% • 83 In-Memoriam gifts were received, totalling $4,600 • State Office continued to provide support to the fundraising efforts of conferences, councils and committees through the provision of Appeal materials and assistance with special projects. Bequests • Bequest income continues to be an important source of income for the Society, with bequest maturation income of $1,728,144 being recorded

St Vincent de Paul Society Queensland

Committee reports • 34 bequests were finalised as at 30 June 2009 • 14 bequests were in various stages of finalisation

• 19 upgrading and renovation projects were completed.

• Bequest promotions were increased throughout the period.

Finance

Chairperson Brian Moore

The Finance Committee acts as the peak body advising the State Council on all matters relating to the general financial health of the Society.

The Property Committee provides advice about the suitability of properties for Society purposes including all aspects of location, structure, financial returns and value for money.

The committee is charged with making recommendations on proposed asset purchases or sales, the available reserve for investments, operational budgets and funding, and any other matter that pertains to the health of the Society.

• One property was acquired at Roma

Key achievements

Property

• One property (and a bequest property we had a quarter share of) were disposed • 19 lease options were exercised for further terms for Vinnies Centres and other Society properties • 12 new lease documents were executed for new and or relocated Vinnies Centres and other Society properties

• The committee had its inaugural meeting towards the end of June • All members were given an outline of the activities, operations and financial reporting for the Society • The committee planned for a review of the 2009 / 10 operating budget with a view to providing recommendations to State Council on the proposed budget.

St Vincent de Paul Society Queensland

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St Vincent de Paul Society Queensland

Committee reports

Investment The Investment Committee has responsibility for management and oversight of the Society’s financial investment portfolio. In conjunction with the Society’s external professional adviser and in accordance with the Society’s Investment Policy, the committee reviews the investments and performances at least on a quarterly basis. The committee maintained focus on the target asset allocations in accordance with the Society’s Investment Policy, despite a difficult year of the global financial crisis, and ended the year slightly overweight in Fixed Interest but generally in line with other asset classes. Key achievements • Worked towards increasing exposure to Australian Equities where the portfolio was underweight

• Received all interest and capital for one of the Collateralised Debt Obligations (CDO’s) for which an impairment had been recognised but have written down the carrying value on the remaining CDO’s to market value • Balance of investments held at the end of the year was $7,689,961 • Took advantage of opportunities to improve credit rating, return or investment term in fixed interest investments • Investment income received during year included interest earned $364,164 and dividends received (including franking credits) of $539,071. The following table shows the target investment range outlined in the Society’s Investment Policy compared to the actual allocation at year end. For a full listing of committee members, please see page 34.

Minimum

Maximum

June 08 Allocation

June 09 Allocation

Australian Cash

10%

Fixed Interest

10%

40%

36%

Listed Property

10%

Australian Equities

30%

60%

28%

52%

International Equities and Property

10%

20%

Alternative Investments

10%

26%

Asset Class

Imagery from the 2008 Christmas and 2009 Winter Appeals.

20 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

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Central Council reports

Brisbane South / City President Ron Beauchamp Area Manager Ray O’Donnell In 2008 /09, the Brisbane South / City Central Council area continued to provide hope, dignity and support for people in crisis throughout the area, while seeking new opportunities for expansion and innovative ways to increase income for the area’s good works. Brisbane South /City Central Council is undertaking environmentally sustainable practices under the Society’s holistic approach for long term solutions to assist others. The unification of 95% of conferences with collective banking was a significant step for the 37 conferences throughout the area. In partnership with Western Central Council, Brisbane South / City participated in Brisbane City Council’s biannual Homeless Connect event at City Hall.

Case study – South Brisbane Support Centre The South Brisbane Support Centre (the ‘Centre’), at Taylor Street Buranda, provides direct assistance to people who are homeless or in crisis. To help determine the level and kind of emergency assistance it might provide, the Centre, with written consent of the support seeker, accesses the Centrelink Customer Confirmation database for income statements. Support, such as food, bedding and toiletries, is also given to women in shelters, people in need of help to pay for temporary accommodation, moving house and transport, etc..

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Members

494

Volunteers

301

Number of persons assisted through Family Intervention Services

Support Centre staff

Special Works The success of the fully government funded Family Intervention Service (FIS) at Buranda has led to further FIS services being offered to the Society in other Central Council areas. Centres of Charity This financial year saw the consolidation of the number of Centres of Charity to ten, with a new shop at Cannon Hill to open in the 2009/10 financial year. The shop surplus from retail sales exceeded 8% of budget forecast.

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The Lawnton depot, in collaboration with Queensland Corrective Services, provided 10 community service participants with an opportunity to work within its operations. This scheme is being extended to a number of shops across the area, including Cannon Hill, Wynnum and Coorparoo. Brisbane South / City Central Council now provides its own transport, sorting, storage, export, rag and warehouse facilities at Lawnton.

Central Council reports

Far North Queensland President Colleen Holliday Area Manager Maree Fell Living out the Society’s mission of serving Christ in the poor with love, respect, justice, hope and joy drove the Far North Queensland (Cairns) Central Council to continue in its expansion of their good works, and their vision for the future. In March, the Cairns Central Council welcomed new President Colleen Holliday, after Jerry McAuliffe completed his term. The Council also moved towards uniformity in centralised banking, as well as continuing to actively update records to ensure improved efficiency throughout the area. Special Works The All Saints Conference, comprising of a mixture of Vincentians from different areas who wish to continue their good works despite diminished local numbers, continued to keep the Vincentian spirit alive. The effort is particularly exemplified in their support of overseas development projects, and in providing emergency relief with in their local community. The Cairns Central Council, in conjunction with Centacare, continued to work in partnership with the Brisbane-based Migrants and Refugees committee to assist in the settlement of a number of newly arrived refugee families.

Case study – One family The Cairns Central Council is unique in Queensland in that there are no regional councils. This centralisation, in which the council consists of the twelve conference presidents, means the large geographical area is tightly bonded by its singular governing body.

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Twinned Conferences

Members

123

Volunteers

374

Centres of Charity During the period, three of the twelve Centres of Charity, Mareeba, Ravenshoe and Stratford, underwent renovations. In spite of fewer gifts-in-kind, sales in the area increased during this time due to improved management.

St Joseph’s Conference Atherton celebrates 50 years of aggregation (inclusion) into the worldwide St Vincent de Paul Society family St Vincent de Paul Society Queensland

| 23

Central Council reports

Gold Coast & Country President Mervyn Powell Area Manager John Goodwin Helping families in crisis, through supportive programs, innovative housing initiatives, and providing financial and material support from our Vinnies Centres of Charity, continued to be the Gold Coast and Country Central Council’s focus for 2008/09.

Case study – Families Back on Track Construction began on the Families Back on Track (FBOT) project at Arundel, which will house up to 108 people – single parents and their kids, teaching them the skills necessary to break the cycle of homelessness. FBOT is extraordinary as it marks the first government and not for profit housing of its kind in Australia. It is expected that construction will be completed in the first half of 2010.

The area’s conferences worked tirelessly to provide assistance for those in crisis, as increased levels of unemployment and cost of living started to hurt those less fortunate.

The St Vincent de Paul Society is committed to solving the problem of homelessness through providing not just a house to those in need, but a home.

Special Works The Beaudesert Food Division provided almost one thousand extra food parcels during this period, an increase of 13.67%, while the number of Christmas parcels distributed rose by 173.73%. The Child and Family program continued to offer professional support to many families and individuals in the past year.

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Twinned conferences

Members

349

Volunteers

654

Number of persons assisted through

Families Back on Track at Arundel

The Home Assist Secure program, which provides maintenance and security assistance, performed 7,944 services, while the Home Maintenance and Modification Program, which provides an array of in-house modifications to allow frail, aged or disabled people to continue living independently, performed 16,142 jobs. Centres of Charity This financial year saw an increased focus on efficiency and productivity of operations in the Gold Coast Central Council’s Centres of Charity, with the introduction of the new Point of Sales system to all stores, and the re-evaluation of operational performance. 24 | St Vincent de Paul Society Queensland

Beaudesert Food

7766 parcels

Child and Family Program

112

Home Assist Secure

2497

Home Maintenance / Modification

9368

Family Intervention Service

362

With the closure and relocation of a number of stores and one depot, the end of the 2008 / 09 financial year saw the Gold Coast Central Council’s Centres of Charity able to return higher levels of profit, which allowed for more funds to be provided to people in crisis.

Central Council reports

Northern President Allan Harris Area Manager Chris Stenner The Northern Central Council continued to work towards truly providing a ‘hand up, not just a hand out’ to those in need throughout 2008/09. High levels of unemployment and underemployment in the ‘holiday’ destination of the Sunshine Coast saw the Society’s resources in the Northern Central Council stretched. A particular focus in the area was on ‘keeping customers connected’ with their electricity accounts. Understanding mental health was a particular focus throughout the Central Council, with a large number of Vincentians partaking in mental health courses and training to create awareness of what they themselves can do to help.

Case study – Northern Foodbank The Northern Central Council Foodbank, the largest of its kind outside of Brisbane staffed only by volunteers, has been operating since 1987. The service provides low cost food to people on low incomes or in crisis to help stretch budgets, as well as providing food to the conferences in the area. “This year has been one of our busiest year on record,” Food Bank manager Val Murphy said, “with approximately 35,000 people assisted.” “Many of our customers say they don’t know how they would survive without the Foodbank.”

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Twinned conferences

Members

342

Volunteers

829

Number of persons assisted through Family Intervention Services

A food hamper from the Northern Foodbank

Special Works The ‘Give a child a chance’ program, a part of the Society’s Children’s Education Fund to give disadvantaged children the opportunity to reach their full potential through education, was a major project during the 08 / 09 financial year, with many fundraising initiatives undertaken, including fun walks’. Providing short and medium term accommodation is a key works of the area, with renewed passion for the operations of the men’s shelter at Nambour. During this period, Rendu Lodge at Kawana Waters was established as a 19 bed accommodation facility.

308

Centres of Charity Sales at the Northern Centres of Charity reached a new record with an increase of approximately 10% over last year. Additionally, the shops have shown a steady increase in sales over the last few years often defying general downturns. The sense of community of the volunteers at the centres is strong, with many thinking of the centres as ‘alternate families’. The area is in the unique position of having waiting lists for volunteers for many shops.

St Vincent de Paul Society Queensland

| 25

Central Council reports

Rockhampton President Peter Dougherty Area Manager Doug Maynard Reinvigoration of the St Vincent de Paul Society Queensland through its youth was one of the key focuses of the Rockhampton Central Council throughout 2008/09. Three new presidents were commissioned during this period: Ray Egan at the Mackay Regional Council, Leo Fitzsimons at St Jude’s Conference, and Lorraine Pheely at Our Lady Help of Christians Conference.

Case study – Youth Team With the passionate support from conferences throughout the Central Council, the Rockhampton Youth team has gone from strength to strength in 2008/09. Not only were a number of youth conferences formed, the team participated in activities such as assisting children at a women’s shelter over Easter, providing care packages to elderly people living alone, Rockhampton, Gladstone and Bundaberg Buddies Days, and providing mentoring and friendship to disadvantaged children. The Rocky Youth Festival was a great success in 2008, and has gone from strength to strength in 2009.

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Members

332

Volunteers

709

Number of persons assisted through Special Works

First Buddies Day for Vinnies Youth

Special Works In the aftermath of the 2008 floods, Father Kevin Treacy Lodge, an 18 bedroom medium to long term accommodation facility for people experiencing homelessness, continued to grow, with the residents now actively maintaining the property themselves. Nebo Road, an emergency accommodation facility established in a motel in the aftermath of the Mackay floods, was officially handed back to the Department of Housing in early 2009. St Peter’s Conference Mackay continued to operate a regular bus run from Mackay to Rockhampton for families and friends of those in the Capricorn Correctional Centre. The conference continued to visit the Mackay Watch House.

26 | St Vincent de Paul Society Queensland

150

Centres of Charity The Rockhampton Gladstone Road Centre of Charity went through a period of transition and expansion, with the Park Avenue and Yeppoon Centres relocated. Human resource management practices were enhanced during this time, with workplace health and safety compliance and various training and workshops being performed throughout the area. The ‘Life be in it’ work for the dole program provided administrative support to some Centres. The Gladstone Centre of Charity was the first prize recipient in the commercial division of the annual Beef Week display competition.

Central Council reports

Toowoomba President Ron Klease Area Manager Kathie Brosnan The Toowoomba Central Council continued to develop and expand its array of services to assist people in need, with a particular focus of the housing needs of people who are homeless and people living with a disability. During the financial year of 2008/09, the area successfully undertook the challenge of recruiting new members, and inducted 54 new members during this membership drive. Brian Moore conducted ‘Back to basic’ training retreats in Toowoomba and Warwick. A homelessness committee was formed by the Toowoomba Regional Council to address the crisis in emergency accommodation for people who are homeless in the area.

Case study – Disability Services: Patrick’s story Forty-four-year-old Patrick has been living at Padua Place since 1987. Working at his local Endeavour workshop for almost 25 years, through training and access within the community, Patrick has been able to gain self-esteem and independence. He is an avid Tenpin Bowler and competed in the Australian National Titles in 2009. “Over the years I have been supported and encouraged to do lots of things and one of them has been my development in the sport of Tenpin Bowling. My family and my support provider are working together to help make it all happen. I am so excited – this is a milestone in my life!”

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Members

123

Volunteers

4374

Number of persons assisted through Conferences

14495

The Warwick Sustaining Tenancies pilot program, designed to assist tenants before reaching eviction stage, began successful trials in late 2008. Padua Place resident Patrick

Special Works The disability services program, which provides supported living for adults with a disability, continued to expand, with two new houses purchased during the financial year, and accreditation audits were successful. Cornerstone and Keystone programs continued to provide supported accommodation for families, teaching them budgeting, shopping, bill paying and general life-skills. The Toowoomba Central Council is involved in the settlement of refugees in the area, and is responsible for the delivery and assembly of furniture packs.

Centres of Charity 2008 / 09 saw Toowoomba consolidate the Style Guide revitalisation of its Centres of Charity undertaken over the past few years. Operating surplus from the stores increased by over 30%.

St Vincent de Paul Society Queensland

| 27

Central Council reports

Townsville President Ron Sullivan Area Manager Christine Knickel During 2008/09, the Townsville Central Council continued its strong focus on social justice, mental health and homelessness, while striving to provide advocacy for those who are experiencing these problems. Two newly elected presidents, Pam Stevens of Proserpine, and Jan Branch of Airlie Beach, were commissioned during this time. Members, volunteers and staff worked with recovery groups and committees during the Ingham floods, providing grocery cards, furniture, white goods, clothing and other essential items, to help provide immediate relief. Special Works The Townsville Regional Council continued to operate a Helpline Centre, which assisted some 20,000 people with the basic necessities of life.

Case study – Our ‘adopted’ child Airlie Beach Conference members ‘adopted’ Blake, a local six year old child with cerebral palsy. Blake lives with a foster family, consisting of his foster parents and sometimes up to five other foster children. The Society provided Blake with a swing set and special walker to make his life easier and more enjoyable.

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Twinned conferences

Youth and young adult conferences

Members

258

Volunteers

641

Number of persons assisted through Special Works

20,000 +

The Our Lady of Perpetual Help Conference, a group of retired Vincentians, continues to offer prayers for the Society, and for youth membership and programs.

Local Vinnies members Jan, Helene and Ronald with Blake and his parents Kerry and Ray

Members of the St Louise de Marrillac Special Works Conference worked tirelessly to create many handicraft items, including hundreds of knee rugs for nursing homes, baby items for premature babies, and 137 mattress covers for donated foam mattresses. Dedicated volunteers provide clothing, bedding and food to indigenous people who live at the Happy Valley settlement. VRAP (Vinnies Refugee Assistance Program) provided an in-home tutoring service to refugees living in Townsville.

28 | St Vincent de Paul Society Queensland

Centres of Charity The Society’s shops provide a visual presence throughout communities, as well as a point of contact for people needing help, and during this period, all shops were refurbished with the new Vinnies signage. The annual Collectibles Fair raised more than $21,500 to assist the good works of the Society.

Central Council reports

Western President Michael Waterhouse Area Manager Cassandra Ashton Change and growth were two major focuses of the Western Brisbane Central Council during 2008/09, with Michael Waterhouse welcomed as the new Central Council President, replacing acting president Bernadette Hyde-Mewburn, who had replaced Lindsay Wratten. Each region gained a new president – Ann Topping at Ipswich, Kevin Gillman at Rosalie, George Keryk in the South West Suburbs, and Mary Connor in the North West Suburbs. Two highlights from the past year were being involved in disaster recovery after the November 2008 Brisbane and Ipswich storms, and partnering with the Brisbane South / City Central Council for Homeless Connect at City Hall.

Case study – Settlement Services Remejiyo, who arrived in Australia in 2007 from Africa, came to Settlement Services for help as he was paying 81% of his income in rent. He was suffering financial and emotional stress, unable to purchase basic necessities or support his wife and two children in Africa. Our service assisted him to negotiate an end to his tenancy agreement with the real estate agent and to find cheaper community housing accommodation, and we worked with the local Vinnies Conference to help him move his furniture.

Stats Number of Regional councils

Special Works

Vinnies Centres

Conferences

Twinned conferences

Members

347

Volunteers

439

Number of persons assisted through

Settlement Services encouraged empowerment for migrants throughout Queensland

Special Works The Inala Family Support Centre level of support has increased by over thirty percent compared to the previous financial year – giving $104,198 in financial assistance. Gillies House, the drug and alcohol rehabilitation centre, is currently closed for renovations, however during this period three clients finalised or continued their traineeships in careers such as telecommunications and environmental engineering. The Society’s Settlement Services program, which assists migrant and refugee clients participate

Inala Family Support Centre

4899

Settlement Services

115

Settlement housing program

equitably in Australian society as soon as possible after arrival, expanded in 2008/2009 with a housing support program and a north Brisbane program being added. Centres of Charity The Western Central Council successfully implemented the Point of Sale electronic register system throughout all of their Vinnies Retail Centres. While sales increased 13% from the previous year, new procedures were implemented for welfare furniture orders, and the renovation of the Sumner Park depot continued.

St Vincent de Paul Society Queensland

| 29

Our history 1581 Born in Southern France in 1581, St Vincent de Paul was ordained in 1600 as the Patron Saint of Christian Charity. After relocating to a village outside France, he was compelled to help the poor in France when he saw the desperate circumstances of those that seemed to be abandoned.

example of St Vincent de Paul, he creatively sought to respond to those needs with sensitive charity and to replace class struggle with just relationships.

1894 February 18 The first conference of the Society of Saint Vincent de Paul in Queensland was formed at St Brigid’s, Red Hill, with Rev Father Hegarty as the first Spiritual Director and Dr. Comyn as the first President. The conference was aggregated on March 18, 1895.

1833 The St Vincent de Paul Society was founded in Paris in 1833 by twenty year old university student Frederic Ozanam. Frederic was a loving husband and devoted father; he achieved greatness as a gifted scholar, a dedicated teacher, a generous Christian and a gentle, but effective reformer. True to the

September 25 The third Queensland conference at St Joseph’s Kangaroo Point, was formed.

1905 Foundation of the first “Mission to Seamen” in Queensland. This was the first Special Work established in Queensland.

1906 1903

September 30 First conference in Rockhampton was formed by L F Heydon, President General of the Society in Australia.

June 13 The second Queensland conference was formed at St Stephen’s with Br. C. P. Buchanan as President.

October 7 First conference formed in Townsville.

About us The St Vincent de Paul Society’s 40,000 members and volunteers work hard to assist people living in crisis; providing a hand up, not just a hand out. Internationally, the Society operates in 130 countries and has over 950,000 members. Members of the Society, known as ‘Vincentians’ are people who belong to local conferences, and live out their faith in action by visiting people in their homes to provide support, friendship and material assistance. This practice, known as home visitation, is the core work of the Society, and is carried out by local conferences. People who are being assisted by conference members are often provided with furniture, clothing and household goods free of charge through the centres. Centres also offer affordable clothing and goods to the wider community. 30 | St Vincent de Paul Society Queensland

1904

The Society differs from most charitable organisations in that our members and volunteers are at the core of what we do, and without their dedication, our diverse range of services would not be possible. Conference members and volunteers provided assistance through: Advocacy

Budget advice

Assistance to migrants

Clothing

Assistance to refugees

Family support

Assistance with utility bills

Food vouchers

Vinnies Centres

Friendship

Central Councils

Furniture

St Vincent de Paul Society Queensland number of: Members: 2447

Volunteers: 4465

Staff: 313

Vinnies Centres: 126

Special Works: 36

Councils: 39

1907

1934

1948

March 24 First Central Council of Brisbane formed but was disbanded after a few years.

August 15 First conference formed at Mackay at St Patrick’s.

September 13 The Eighth Australian congress of the Society of St Vincent de Paul was held at St Stephen’s Cathedral in Brisbane.

1922 Metropolitan Central Council of Brisbane formed to take charge of the whole of the Society in Queensland.

May 13 Particular Council of Rockhampton (now Rockhampton Regional Council) formed.

1923 September 16 First conference in the Toowoomba Diocese formed at Stanthorpe.

1930

March 21 Ozanam House, the Society’s first permanent administrative centre in Australia, was opened in Brisbane by the Archbishop Most Rev James Duhig.

Particular Council of Townsville formed.

1940

Diocesan Central Council of Townsville formed.

November 17 The Society name was entered on record in the Register of Patents as The Metropolitan Central Council of Brisbane of the Society of St Vincent de Paul.

1962 1937

1931

1949

November 17 Diocesan Central Council of Rockhampton (now Rockhampton Central Council) formed.

February 1 Name changed to The Metropolitan Central Council of Queensland, Society of St Vincent de Paul.

1981 February 5 Name changed to Society of Saint Vincent de Paul State Council of Queensland.

2005 April 14 Name changed to St Vincent de Paul Society Queensland.

Special Works Special Works are a professional facility, program or service run by the St Vincent de Paul Society and arise out of a need which cannot be met within the normal scope of the conference. Centres of Charity Our Centres of Charity (Vinnies shops) are the most well known of the Society’s Special Works and are often the first point of contact for the community. At Vinnies, we provide low cost, quality clothing and household items allowing people to shop with dignity. Whenever people donate to Vinnies, those generous gifts-in-kind go first, free of charge to people in need. The items that are left over are sold in our stores, with the surplus funds going directly to assisting those in need in that particular area – whether through financial assistance, material assistance, or through our services. At our Vinnies Valley shop

St Vincent de Paul Society Queensland

| 31

Acknowledgments Mrs Lynette R Barnett Mr Don & Mrs Ann Barton Mrs Petricia K Bird Mr Warren Castray Mr AC Cotter Mr Paul F Cullen Ms Norma P Dendle Mrs Nora Dyer Mr Stephen B Dyer Mr JR Ellwood Drs Peter & Mary Fama Dr GW Fitzhardinge Mr James Flanagan Mr John & Mrs Kay Gallagher Mr Walter J Giugni Mr Kevin P Heenan Mr GP Jardine Mr IP Kennedy Mrs Elisabeth S Kinnear Mr TM Landy Mr Steve G Marshall Ms MR McCarthy Mr Dean M Merlo Mr Robert A Mulholland Mr Roland & Mrs Joyce Norris Dr Michael J O’Brien Mr Paul O’Connor Mrs DM Reid Ms Barbara Sikorski Mr Martin L Stack Mrs Kay Symes Mr Paul Taylor Mr Mark A West Mr Kevin Wong Ms Pamela Woodward Dr Stephen Yates

Edification list • Frank Pemble-Smith • Lorna Dunne • Babs Findlayson • Daphne Hintz • Dulcie Caffrey • Margaret Brennan • Maurice Gallighan • Tony O’Brian • Bill Jarrett • Lesley Grayson • Marie Hallman • Pat Caffrey • Francois Frichot • Tim Blades • Aly McOscar • Anthony Hickey • Maureen Burgess • Tim Blades • Mary O’Connor 32 | St Vincent de Paul Society Queensland

• Mary Wilson • Arlo Flitcroft

Appreciation list Abergeldie Constructions Pty Ltd AFL QLD Alison Dower All Phones Amy Camp Ana Fealel ANZA Communications Arlo Flitcroft ArtTime Supplies Bill Jarrett BMA Norwich Park Mine Bobvaki Oyama Bradmin Investments Pty Ltd Brigidine Provincialate Brisbane Strikers Broncos Corporation Pty Ltd Campbell Brothers Limited Carolin Eder Charlie Pisasale Cheryl Bromage CM & JA Whitehouse Foundation Corrs Chambers Westgarth Department of the Premier and Cabinet, Queensland Fran Blandford Frawley Medical Frederick & Delia Gilbert Fund G Developments Pty Ltd Gillian Moore Hastings Deering (Australia) Ltd Heather Morrow and Andrew Antoniolli Ima Famashiro Ipswich City Council Irene Patricia Hunt Memorial Fund Irene Patricia Hunt Memorial Trust Jabiru Community Youth and Children’s Services group Jean Goodhind Baker Memorial Trust Johnson Village Services Pty Ltd Kwok Family Trust Maria Oliveira Mary O’Keeffe Charitable Trust Merlo Coffee Pty Ltd Michael Miles Mr Toys Oceania Provence Christian Brothers Our Lady of Dolours Catholic Primary School Peter David McGenniss Memorial Trust

Peyton Taylor QRNational Reuben Pelerman Benevolent Foundation Rob Brown and Auto Barn Lawnton RT Edwards Sheila Ireland Shorebrook Pty Ltd Sisters of Mercy (Bardon) Society of the Sacred Heart (Mosman, NSW) Speedy School Supplies Spotlight St Augustine’s College St Augustine’s Parish Primary School (Palm Beach) St Bernards Primary School St Flannan’s Catholic Primary School The Students at Clairveaux Mackillop College Vicki Ward Victor Attwood Volleyball QLD VSI Pty Ltd WDT (Engineers) Pty Ltd

From Northern area: Martin Jonkers Motors

From Gold Coast area: Gold Coast City Council Coles Distribution Centre Singer Australia Many generous benefactors who have donated funds to the Families Back on Track project.

From Mackay area: Charles Porter & Sons D & A Erba Mackay Sugar Limited Rotary Club of Mackay TA & LE Meyers From Bundaberg area: Alex Ferguson Brothers Sports Club Bundaberg & District Chamber Bundaberg News Mail Bundaberg Regional Council Catholic Womens League Christian Brothers IGA Community Chest Ron Hancock Shalom College Wide Bay Australia (continues...)

St Vincent de Paul Society Queensland

| 33

Acknowledgments

(continued)

Committe Members

From Townsville area:

Social Justice

Centres

BHP Billiton Cannington Mines Pty Ltd Corporation of the Sisters of Mercy, Townsville Mater Misericordiae Hospital Townsville Mercure Inn, Townsville Mr BJ & Mrs MA Tognola North Queensland Customs Services, Townsville Palm Island Barge Services, Townsville Price Waterhouse Coopers, Townsville Rotary Club of Townsville Sandy’s Hot Bread, Proserpine The Buff Club, Mt Isa Toll Sea Cargo Townsville Townsville Bulletin Townsville City Council Townsville Pastoral Agricultural & Industrial Association We sincerely thank all the supporters in the Townsville Region who contributed so generously to the very successful 2008 Christmas Hamper appeal.

Robert Leach Father Gregory Jordan Loma Tonnochy Dianne Bolam Pete Williamson Steve Doyle Jeff Horn Val Gray Noel Sweeney Tristan Fitzgerald

John Forrest Cassandra Ashton Sharyn McDonnell John Goodwin Steve Adams Kathie Brosnan Chris Stenner Doug Maynard Christine Knickel Maree Fell Roberta Jays Julie Jenkins Peter Maher Gloria Keegan

Special achievements • Mary Devereux, a volunteer at the Charters Towers Road Centre for 45 years, was awarded a 2008 Senior Award by the Townsville City Council in recognition for her community service. • Three volunteers, Kath Fitzgerald, Rita Grant and Nola McPherson, were recognised for their contributions by the Townsville City Council. • Loma Tonnochy received the Soroptimist Community Service Award

Festival Masses Far North Queensland Tinaroo Dam Festival Meeting

Gold Coast Springwood Regional Council Festival Meeting and Mass at St Peter & St Paul’s Catholic Church Woodridge in 2008. Festival Meeting & Mass at St Mary’s Catholic Church, Upper Coomera.

Northern Hervey Bay – ‘Looking forward, looking back – from Ozanam to now’ Deception Bay and Bribie Island Townsville Collinsville Festival Meeting

Toowoomba Dalby and Holy Name Parish in Toowoomba

34 | St Vincent de Paul Society Queensland

Mental Health Chris Davidson Vince Hodge Bro Kevin Wallis Sr Myree Harris Mary Connor John Barber John Harrison Brian Headford Cath Headford Debbie Ellis Pay Byrne Annette Baker Faith Slater Joan Gunning Michael Ryan

Overseas Partnership and Development Peter Richards Leslie Smith Snr John McDonald Richard Clisse Ned Hammond Franklin Wood Celia Settgast Jerry McAuliffe Jim Deveraux Charles Hudson Paul Coghlan Ron Klease Fr Jose Koyickal

Migrants and Refugees Damian Jones Clyde Cosentino John Campbell Fran Kennedy Veronica Sheppard Harry Mole Edie Schrama Brian Headford Jan Noakes Peter Richards Paul Vickers

Audit Andrew Musial Joe De Pasquale Sister Margaret King

Finance Peter Driver Neil Baxter Michael Gillam Deborah Nisbet Di Reilly

Investment Deborah Nisbet Peter Driver Caji DeSouza Frank Boland Gerard Briody Pat Cunningham Pat Hannan

Property Brian Moore Del Ogle Peter Driver John Forrest

Youth Kathleen Ferrero Cathryn Moore Duncan Webley

Children’s Education Fund Kathleen Ferrero John Campbell Geoff Crowley Carey Power

Vale In prayer, we remember our members who are no longer with us. Their kind acts and good works will not be forgotten. We pray for them and their families. Fay Geraldine Marrinan

Elaine Ryan

Robin (Bob) Harms

02/07/2008 St John of God Conference

01/12/2008 Wife of Frank Ryan – St Martins Chemist Conference

17/05/2009 Holy Name Conference – Toowoomba

Murray Wildermuth

John (Jack) O’Dea

21/ 12/2008 St John the Baptist Conference Member – Enogerra

21/05/2009 St Gerard Majella Conference – Maroochydore

Bryan Dominic Hurley

Sister Maureen Russell

10/01/2009 Roma Regional Council

29/05/2009 Sister of Mercy – All Saint’s Special Works Conference

John Stenner 10/07/2008 Father of Chris Stenner – Northern Central Council Administrator

Terry Moynihan 13/ 07/2008 Former State President

Herb Forrest 16/07/2008 St Mary Magdalene’s Conference – Bardon

Sr Molly Ahern

Aloysius (Aly) McOscar 15/01/2009 St James and St John Conference – Clifton

18/07/2008 Vincentian and Spiritual Advisor to the South West Suburbs Regional Council

Olga Hanns

Pam Eastick

John Patrick Nisbet

1/08/2008 Wife of Beaudesert truck driver Peter Eastick

01/ 04/ 2009 St Mary’s Conference – Beaudesert

Jackie Murphy

13/04/2009 Former St Gerard Majella Conference President – 50 years service to Society

05/09/2008 St Mary’s Conference – Mt Isa

Peter Tardent 23/09/2008 Ipswich Regional Council President

Brian O’Brian 12/10/2008 Mary Immaculate Conference – Emu Park

Catherine Watkins 16/10/2008 Gumvale Centre

Gloria Bidgood 30/10/2008 Bowen Centre

Bernard Hart 23/11/2008 St Patrick’s Conference – Howard

16/03/2009 Cooroy Conference previously Noosa /Tewantin Conferences

Patrick Fewster

Suzanne Prior 21/04/2009 Daughter of Rosemarie McGregor St Brigit’s Conference – FNQ

Maurice Arthur Picot

Gus Stromberg 09/06/2009 Partner of Jean Carr – Volunteer Monto Centre

Maureen Murphy 11/06/2009 Grandmother of Dianne Murphy St Therese’s Conference – Monto

Mary Cavanagh 13/06/2009 Mother of Mary Ann List St Therese’s Conference – Monto

Frances Kelly 20/06/2009 Mother of Martin Kelly St Therese’s Conference – Monto

Terry Corby 25/06/2009 Mary Help of Christians Conference Castle Hill

06/ 05/ 2009 John Picot’s Father – CEO NSW

Dick Healy 08/05/2009 80 years of service to SVDP St John the Baptist Conference – Enoggera

John Kevin McMahon 14/05/2009 60 years service

St Vincent de Paul Society Queensland

| 35

2008 / 09 Government Funding We gratefully acknowledge the following Federal, State and Local Governments and their Departments as well as the Community Funds and Trusts for their financial support and assistance allowing the Society to serve those in need right across the state of Queensland. Recurrent Grant Funding

Capital Funding

Source

Project

Amount $

Federal Government Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA)

Emergency Relief

1,610,465

Queensland Government Department of Communities

Emergency Relief

299,566

Federal Government of Immigration and Citizenship (DIAC)

Provision of household goods for newly arrived refugee families settling in Cairns, Townsville and Toowoomba

203,347

Queensland Government Department of Communities

Disaster Recovery for the Brisbane Storms

2,294

Queensland Department of Communities Sport and Recreation

VoRTCS - Eat Well Be Active Program

32,671

Queensland Department of Housing

Gold Coast Families Back on Track Project

3,262,536

Federal Government Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA)

Volunteer Grant for Volunteer Equipment

246,820

State-wide

Total

5,657,699

Gold Coast & Country Disability Services Queensland and the Queensland Government Department of Housing

Home and Community Care (HACC) Home Maintenance and Major/Minor Modifications Program

2,248,900

Queensland Government Department of Housing

Spinal Injuries Program

189,942

Queensland Government Department of Child Safety and Department of Communities

Child and Family Program in Kingston, Beenleigh and Gold Coast

926,858

Queensland Government Department of Housing

Home Assist Secure (HAS) Program

428,467

Gambling Community Benefit Fund

2 forklifts for Yatala Clothing Distribution Centre

20,091

Gambling Community Benefit Fund

Forklift for the Arundel Depot

27,273

Jupiterâ&#x20AC;&#x2122;s Casino Community Benefit Fund

Bale Press Machine for the Arundel Warehouse

14,412

Total

3,855,943

Townsville Gambling Community Benefit Fund

Toyota Hilux Utility for the Townsville Region

19,590 Total

36 | St Vincent de Paul Society Queensland

19,590

Source

Project

Amount $

Federal Government Department of Immigration and Citizenship (DIAC)

Migrant and Refugee Settlement Grant Program (SGP) in the Inner Northern Brisbane corridor

80,000

Queensland Government Department of Child Safety

Child and Family Program in Wynnum, Mt Gravatt, Stones Corner and Redlands

309,334

Gambling Community Benefit Fund

Electric hoist, ticket machine and phone for the Lawnton Depot

23,630

Brisbane South/City

Total

412,964

Toowoomba Disability Services Queensland

Padua Villa, Loretto House, Marist House and Fairview House accommodation, lifestyle support and care for adults with disabilities

725,825

Queensland Government Department of Communities

Cornerstone Accommodation and Support Program in Warwick through the Supported Accommodation Assistance Program (SAAP)

104,671

Queensland Health

Home and Community Care (HACC) Community Transport service in Warwick

54,011

Total

884,507

Western Federal Government Department of Immigration and Citizenship (DIAC)

Migrant and Refugee Settlement Grant Program (SGP) funding for services in Ipswich and Southern Brisbane corridor

348,000

Queensland Health

Gillies House. Gillies House is a half-way house for men recovering from substance addiction

121,425

Gambling Community Benefit Fund

Kitchen renovation at Ozanam House at Ipswich

17,953

Gambling Community Benefit Fund

Van for Grovely Conference

27,000

Jupiterâ&#x20AC;&#x2122;s Casino Community Benefit Fund

Forklift for the Sumner Park Warehouse

32,696 Total

547,074

Queensland Government Department of Child Safety

Child and Family program in the Sunshine Coast, Gympie and Maryborough

614,488

Queensland Department of Housing

Furnishing of 17 rooms at Nicklin Way, Kawana Waters Housing Project

52,782

Queensland Government Department of Communities

Case Management and Transition Services in Nambour Menâ&#x20AC;&#x2122;s Hostel through the Supported Accommodation Assistance Program (SAAP)

141,916

Northern

Total

809,186

Far North Queensland Reef Hotel Casino Community Benefit Fund

Set of platform scales for the Cairns Warehouse

2,260

Gambling Community Benefit Fund

Wool press for the Manunda Warehouse

20,866 Total

23,126

St Vincent de Paul Society Queensland

| 37

St Vincent de Paul Society Queensland

Statement by the Council

38 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Income Statement

For the year ended 30 June 2009 Note

2009 $

2008 $

Revenue Government grants

2 (a)

12,021,418

7,256,829

Sale of goods

2 (b)

18,771,985

17,697,090

Client contributions

2 (c)

1,107,353

899,402

Fundraising

2 (d)

5,874,381

5,064,082

Return on Investments

2 (e)

(272,632)

(1,001,790)

Other income

2 (f)

236,088

944,079

Total revenue from operating activities

37,738,593

30,859,692

Operating Expenses Sale of goods

3 (a)

12,759,355

12,310,691

Administration

3 (b)

2,453,938

2,183,002

Fundraising

3 (c)

553,449

609,518

15,766,742

15,103,211

Total funds available for client services

21,971,851

15,756,481

Client Services Expenses People in Need services

3 (e)

17,064,140

15,263,803

Homeless services

3 (d)

1,377,974

1,154,992

18,442,114

16,418,795

Total expenses

34,208,856

31,522,006

Operating Surplus/(Deficit) for the period

3,529,737

(662,314)

1 (p)

(992,517)

(724,430)

Net Surplus/(Deficit) for the period

2,537,220

(1,386,744)

Net Intra-Society Transfers

This financial statement should be read in conjunction with the accompanying notes.

St Vincent de Paul Society Queensland

| 39

St Vincent de Paul Society Queensland

Balance Sheet As at 30 June 2009

Note

2009 $

2008 $

Current assets Cash and cash equivalents

10,038,792

7,435,914

Trade and other receivables

1,164,049

684,096

Inventories

115,665

128,219

Other assets

517,822

289,034

Total current assets

11,836,328

8,537,263

36,103,626

32,048,533

10 (a)

7,689,961

11,736,779

Total non-current assets

43,793,587

43,785,312

Total assets

55,629,915

52,322,575

3,470,649

1,855,209

Non-current assets Property, plant and equipment Financial assets

Current liabilities Trade and other payables

Provisions 12 (a) Total current liabilities

371,739

249,206

3,842,388

2,104,415

12 (b)

753,704

717,885

Total non-current liabilities

753,704

717,885

Total liabilities

4,596,092

2,822,300

Net assets

51,033,824

49,500,275

Non-current liabilities Provisions

Equity Accumulated funds

44,821,959

42,284,740

Reserves

6,211,865

7,215,535

Total equity

51,033,824

49,500,275

This financial statement should be read in conjunction with the accompanying notes.

40 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Cash Flow Statement

For the year ended 30 June 2009 Note

2009 $

2008 $

Cash flows from operating activities: Receipts from operating activities

39,396,088

32,003,155

Payments to suppliers and employees

(33,709,938)

(31,124,136)

Dividends received

539,071

502,276

Interest received

703,717

1,357,903

6,928,938

2,739,198

Proceeds â&#x20AC;&#x201C; sale of property, plant and equipment

1,202,187

2,519,507

Proceeds â&#x20AC;&#x201C; sale of investments

6,979,293

4,546,731

Payment for property, plant and equipment

(7,038,618)

(5,371,044)

Payment for investments

(5,468,922)

(2,975,820)

Net cash provided by (used in) investing activities

(4,326,060)

(1,280,626)

Net increase (decrease) in cash

2,602,878

1,458,572

Cash and cash equivalents at the beginning of the financial period

7,435,914

5,977,342

10,038,792

7,435,914

Net cash provided by (used in) operating activities

16 (b)

Cash flows from investing activities:

Cash and cash equivalents at the end of the financial period

16 (a)

This financial statement should be read in conjunction with the accompanying notes.

St Vincent de Paul Society Queensland

| 41

St Vincent de Paul Society Queensland

Statement of Changes in Equity For the year ended 30 June 2009

Note

Reserves

Accumulated Funds

Asset Revaluation Reserve

Fair Value Reserve

Total

At 1 July 2007

8,783,911

657,834

Net Gain/(Loss) on available for sale financial assets

(2,280,748)

Transfer from Reserve

Deficit for the year

Total income and expense for the year

Change in accounting policy

636,538

43,097,946 -

52,539,691 (2,280,748)

(636,538)

(750,207)

(1,644,210)

(1,386,745)

(3,030,955)

(8,461)

Transfer from Reserve to Accumulated Funds

(582,000)

582,000

At 30 June 2008

8,201,911

(986,376)

42,284,740

49,500,275

At 1 July 2008

8,201,911

(986,376)

42,284,740

49,500,275

Net Gain/(Loss) on available for sale financial assets Transfer from Reserves

(1,752,284)

(27,500)

776,114

(748,613)

Deficit for the year

3,285,832

Total income and expense for the year

(27,500)

(976,170)

2,537,219

1,533,549

13 8,174,411

(1,962,546)

44,821,959

51,033,824

At 30 June 2008

This financial statement should be read in conjunction with the accompanying notes.

42 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009 NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The St Vincent de Paul Society Queensland (the Society) is a non-government charitable organisation. The financial report covers the economic activities of the Society in Queensland. The Society is a non-profit organisation and receives a principal part of its income from donations, as cash or in kind. The Society is a deductible gift recipient (DGR). (a) Basis of Preparation Statement of compliance The financial report is a general purpose financial report which has been prepared in accordance with Australian Accounting Standards and other authoritative pronouncements of the Australian Accounting Standards Board. The Australian Accounting Standards include Australian equivalents to International Financial Reporting Standards (AIFRS). Due to the application of Australian specific provisions for not-for-profit entities contained only within AIFRS the financial report and notes thereto are not necessarily compliant with all International Financial Reporting Standards.. New Accounting Standards Not Yet Effective No new Australian accounting standards that are not yet effective have been applied. There are no new Australian accounting standards that are not yet effective that are expected to have a material impact on future financial reports. Reporting basis and conventions The financial report has been prepared on an accruals basis and is based on historic costs modified by the revaluations of selected non-current assets and financial assets and liabilities, for which the fair value basis of accounting has been applied.

• it is probable that the economic benefits comprising grants will flow to the Society and

• the amount of the grant can be measured reliably. When the above conditions have not been satisfied, grants received are recognised in the balance sheet as Grants in Advance. Client contributions Client contributions by clients who have the capacity to pay are recognised when the service is provided. Donations and bequests Revenue or capital assets arising from donations and bequests is recognised when control is obtained, as it is impossible for the Society to reliably measure these prior to this time. For example, cash donations are recognised when banked and other donations are recognised when title of possession transfers to the Society. Gifts in kind Gifts in kind obtained for centres of charity have a nil replacement value (that is they would be replaced by other donated goods), and as such revenue from the donations of these goods are not included in the financial statements other than as defined under donations and bequests. Interest revenue Revenue is recognised as the interest accrues for the accounting period. Dividends Dividends are recognised when the Society’s right to receive payment is established.

The financial report is presented in Australian dollars.

Proceeds of non-current asset sales The net profit from the sale of an asset is included as revenue when control of the asset passes to the buyer. The profit or loss on disposal is calculated as the difference between the carrying amount of the asset at the time of disposal and net proceeds.

(b) Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Society and the revenue can be reliably measured. The following specific recognition criteria must also be met before revenue is recognised:

The Society is not subject to Income Tax.

Sale of goods Revenue is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer and can be measured reliably. Risks and rewards are considered passed to the buyer at the time of delivery and/ or control of the goods has passed to the buyer.

Cash and short-term deposits in the Balance Sheet comprise cash at bank and in hand and deposits at call or with an original maturity of specific term.

Government grants Grants are principally of a recurrent or capital nature and intended to fund ongoing operations or asset acquisitions. Income from grants is measured at the fair value of the contributions received or receivable and only when all the following conditions have been satisfied: • the Society obtains control of the grant funds or the right to receive the grant funds;

The Society is entitled to a partial exemption from Fringe Benefits Tax. (d) Cash and cash equivalents

For the purposes of the Cash Flow Statement, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts. (e) Financial instruments

Financial Assets All financial assets are initially recognised at cost, being the fair value of the consideration given and including acquisition charges associated with the investment. Where an asset is acquired at no cost, or for a nominal cost, the cost is its fair value as at the date of acquisition. St Vincent de Paul Society Queensland

| 43

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note 1 Summary of Significant Accounting Policies (continued) (e) Financial Instruments (continued)

Held to maturity investments These are investments that have fixed maturities and it is the Society’s intention to hold these investments to maturity. Any investments held to maturity by the Society are stated at amortised cost using the effective interest method. Financial assets at fair value through profit and loss A financial asset is classified in this category if it is held for trading; that is principally with the objective of selling in the short-term with a profit making intention. In addition, any other financial assets so designated by management on initial recognition are included in this category. Realised and unrealised gains and losses arising from changes in the fair value of these assets are included in the Income Statement in the period in which they arise. Available for sale financial assets Available-for-sale financial assets include all financial assets not included in the above categories. Available for sale financial assets are reflected at fair value. Unrealised gains and losses arising from the changes in fair value are taken directly to equity, to the fair value reserve. Financial Liabilities Financial liabilities, including loans and borrowings, are recognised at amortised cost, comprising original debt less principal payments and amortisation. Fair value Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied to determine the fair value for all unlisted securities, including recent arms length transactions, reference to similar instruments and pricing models. Impairment At each reporting date the Central Councillors assess whether there is objective evidence that a financial instrument has been impaired. In the case of ‘available-forsale’ financial assets, a prolonged decline in the value of the instrument is considered to determine whether impairment has arisen. Impairment losses are recognised in the income statement. (f) Accommodation Bonds Accommodation bonds are repayable upon demand. (g) Goods and Services Tax Revenues, expenses and assets are recognised net of the amount of GST. Receivables and payables in the Balance Sheet are shown inclusive of GST. GST received and paid during the financial year are stated at gross amounts in the cash flow statement and are included in receipts from operating activities and payments to suppliers respectively.

Class of Property, Plant and Equipment

Depreciation Rates

Buildings

2.5%

Furniture, Plant & Equipment

10% to 20%

Computer Hardware & Software

33%

Motor Vehicles – Cars

20% or variable straight line according to estimated life

Motor Vehicles – Trucks

Variable straight line according to estimated life

Impairment The carrying values of property, plant and equipment are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. If any such indication exists and where the carrying values exceed the estimated recoverable amount, the assets are written down to their recoverable amount. At each reporting date, the Central Councillors review a number of factors affecting property, plant and equipment, including their carrying values, to determine if these assets may be impaired. If an impairment indicator exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and ‘value in use’ is compared to the carrying value. Any excess of the asset’s carrying value over its recoverable amounts is expensed in the Income Statement as an impairment expense. As the future economic benefits of the Society’s assets are not primarily dependant on their ability to generate net cash inflows, and if deprived of the asset, the Society would replace the asset’s remaining future economic benefits, ‘value in use’ is determined as the depreciated replacement cost of the asset, rather than by using discounted future cash flows. Depreciated replacement cost is defined as the current replacement cost of an asset less, where applicable, accumulated depreciation calculated on the basis of such cost to reflect the already consumed or expired future economic benefits of the asset. The current replacement cost of an asset is its cost measured by reference to the lowest cost at which the assets future economic benefits of that asset could currently be obtained in the normal course of business. Impairment losses are recognised in the Income Statement.

(h) Property, plant and equipment

(i) Intangibles

Property, plant and equipment is stated at cost less accumulated depreciation and any impairment in value.

Intangible assets are only recognised if they meet the identifiable criterion, that is, it is separable from the Society and arises from contractual or other legal rights. All intangibles are initially recognised at their cost, or when acquired for no consideration, at their fair value at the date of acquisition.

Depreciation is calculated on a straight-line basis over the estimated useful life of the assets, except leasehold improvements, which are over the term of the lease, as follows: 44 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note 1 Summary of Significant Accounting Policies (continued) (i) Intangibles (continued)

Computer Software Computer software that is not integral to the operation of a related piece of hardware or plant is classified as an intangible (for example, accounting systems software), and is initially recognised at cost. Subsequent to initial recognition, computer software is carried at its cost less accumulated amortisation and impairment losses. Computer software has a finite life, and is amortised on a systematic basis over its estimated useful life, being on a straight line basis over 3 years. Aged Care Bed Licences Bed licences that are purchased are initially recorded at cost. Bed licences that are received for no consideration are recognised at their fair value at the date of acquisition, having regard to recent sale activity within the industry. Bed licences have an indefinite life, as long as the Society continues to comply with the terms and conditions imposed by Government. Bed licences are therefore tested annually for impairment. Subsequent to initial recognition, be licences continue to be carried at their original fair value as at the date of acquisition, less any impairment losses. (j) Inventories Inventories held for sale are valued at the lower of cost and net realisable value. Where inventories are held for distribution or are to be consumed by the Society in providing services or aid at no or nominal charge, they are valued at the lower of cost and current replacement cost. (k) Trade and other receivables Trade receivables are recognised and carried at original invoice amount less an allowance for any uncollectible amounts. An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off when identified. (l) Trade and other creditors

Trade and other creditors represent unpaid liabilities for goods received by and services provided to the Society prior to the end of the financial year. The amounts are unsecured and are normally settled within 14-30 days. (m) Leases Leases where the lessor retains substantially all the risks and benefits of ownership of the asset are classified as operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease terms on the same basis as the lease income. Operating lease payments are recognised as an expense in the Income Statement on a straight-line basis over the lease term. Finance leases which transfer to the Society substantially all the risks and benefits included in ownership of the leased item, are capitalised at the inception of the lease at the fair value of the leased property or, if lower, at the present value of the minimum lease payments.

Lease payments are apportioned between the finance charges and reduction of the lease liability so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are charged directly against income. Capitalised leased assets are depreciated over the shorter of the estimated useful life of the asset or the lease term. (n) Employee Benefits Wages, salaries, annual leave and sick leave Liabilities for wages, salaries and annual leave expected to be settled within 12 months of the reporting date represent present obligations resulting from employees’ services provided up to the reporting date, calculated at undiscounted amounts based on remuneration wage and salary rates that the Society expects to pay as at reporting date including on-costs. Sick leave is non-vesting and has not been provided for. Long service leave The provision for long service leave represents the present value of the estimated future cash outflows to be made resulting from employees’ services provided up to the reporting date. The provision is calculated using expected future increases in wage and salary rates including related on-costs and expected settlement dates based on turnover history and is discounted using the rates attaching to national government bonds at reporting date which most closely match the terms of maturity of the related liabilities. Superannuation The Society contributes to complying funds at the required rate of the employees’ wages and salaries. Superannuation contributions are recognised as an expense when incurred. (o) Accounting Estimates and Judgements Management have made the following judgements when applying the Society’s accounting policies: • All investments other than cash have been categorised as available for sale financial assets. As a result of being categorised as available for sale financial assets, changes in fair value that are not considered to be an impairment are recognised through the fair value reserve rather than the income statement. Details regarding critical accounting estimates and assumptions about the future made by management at reporting date are disclosed in the following notes: • Estimates made regarding the valuation of unlisted investments note 17(b)(iii). • Assumptions made when assessing whether the investments are impaired note 17(b)(iii) and note 17(d)(ii). (p) Net Intra-society Transfers Intra-society payments of $992,518 have been made to the National Council of St Vincent de Paul Society, including payments for Special Projects and Levys.

St Vincent de Paul Society Queensland

| 45

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

2009 $

2008 $

Note

2009 $

2008 $

Gain/(Loss) on Sale of Assets Property, Plant & Equipment

(10,012)

708,469

Other

246,100

235,610

236,088

944,079

(f) Other Income

NOTE 2: REVENUE (a) Government Grants Mental Health & Homeless

902,298

808,486

Welfare & Support Services

7,829,303

6,448,343

Families Back on Track Project

3,289,817

12,021,418

7,256,829

37,738,593 30,859,692

NOTE 3: OPERATING EXPENSES

Government Grant for the Families Back on Track project has been recognised in the year that the funds were received because control is seen to have passed to the Society. Additional Government funds will be received upon the projectâ&#x20AC;&#x2122;s completion in December 2009.

Other expenses from ordinary activities

(b) Sale of Goods

Employee Salaries & Benefits

6,026,445

5,471,908

Purchasing & Production

1,939,646

1,671,674

Depreciation

591,036

655,308

Legal & Audit

41,855

33,117

Rent & Utilities

4,160,373

4,478,684

12,759,355

12,310,691

Employee Salaries & Benefits

1,616,224

1,470,543

(a) SALE OF GOODs

Sales - Centres of Charity

18,771,985

17,697,090

18,771,985

17,697,090

499,313

387,733

Welfare & Support Services

608,040

511,669

1,107,353

899,402

(b) ADMINISTRATION

(d) Fundraising Donations

Depreciation

169,865

160,349

4,138,326

3,608,615

Internal Audit

134,953

111,402

Bequests

1,736,055

1,455,467

Committee Costs

129,782

137,559

5,874,381

5,064,082

Legal & Audit

456,528

190,066

Rent & Utilities

10,021

164,073

Other

(63,435)

(50,990)

2,453,938

2,183,002

(e) Return on Investments Cash and Cash Equivalents Interest Received

339,554

423,181

Available for Sale Financial Assets Interest Received 364,163

709,291

Employee Salaries & Benefits

199,409

294,119

Dividends Received

539,071

502,276

Marketing/Public Relations

330,405

301,666

Gain/(Loss) on Sale

(852,920)

(636,538)

Other

23,635

13,733

16(b) (1,662,500)

553,449

609,518

Client Support/Emergency Accommodation

206,078

190,288

Employee Salaries & Benefits

954,193

789,337

Depreciation

16,043

19,903

Write down of Interest Rate Notes to market value

Recovery of Interest Rate Notes previously provided for Provision for Impairment

46 | St Vincent de Paul Society Queensland

(d) HOMELESS SERVICEs 1,000,000

- (2,000,000) (272,632)

(1,001,790)

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

2009 $

2008 $

Rent & Utilities & Other Property Expenses

201,660

155,464

1,377,974

1,154,992

Accommodation

528,630

504,373

Education

387,872

506,930

Food Vouchers

1,814,989

1,750,062

Food Purchases

1,419,809

1,274,042

Household Goods

2,707,061

2,173,566

Cash on hand

44,064

42,357

Mental Health

5,703

3,667

Cash at Bank

6,994,728

5,368,604

Supplier Payments & Cash Assistance

811,566

613,444

Migrant & Refugees

147,186

156,493

Welfare & Support Services

3,000,000

2,024,953

Overseas

255,112

323,906

10,038,792

7,435,914

Utilities

175,396

383,558

Depreciation

968,957

873,671

Support Services Employee Salaries & Benefits

5,380,368

4,417,906

Property Expenses (excludes Depreciation)

Current Trade and Other Receivables

1,164,049

684,096

1,423,851

1,402,840

1,164,049

684,096

Other

1,037,640

879,345

(e) PEOPLE IN NEED SERVICES

Note

2009 $

Net (Profit)/Loss on sale of fixed assets

10,012

2008 $ (708,469)

NOTE 4: AUDITORâ&#x20AC;&#x2122;S REMUNERATION Amount paid to BDO Kendalls for

17,064,140 15,263,803

Audit of financial report and grant financial returns

99,750

NOTE 5: CASH AND CASH EQUIVALENTS

Term Deposits

NOTE 6: TRADE AND OTHER RECEIVABLES

There are no material trade or other receivable balances that are past due. NOTE 7: INVENTORIES

(f) THE RESULT FOR THE PERIOD HAS BEEN DETERMINED AFTER

Current

Expenses Depreciation of property, plant and equipment Buildings 478,848 458,678 Plant and Equipment

19,992

10,759

Motor Vehicles

613,115

549,283

Fixtures and Fittings

195,915

210,396

Office Equipment

182,643

144,331

Computer Hardware

236,647

184,290

Make Good Leased Premises

33,833

1,760,993

1,557,737

Write off of fixed assets

27,500

Stock on Hand

115,665

128,219

Rental expense on operating leases Minimum lease payments

2,778,865

2,984,443

St Vincent de Paul Society Queensland

| 47

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

2009 $

2008 $

NOTE 8: OTHER ASSETS Current

Note

2009 $

2008 $

Work in Progress At cost

4,835,086

922,196

4,835,086

922,196

Prepayments

352,902

129,853

Accrued Income

164,920

10,246

Make Good Leased Premises At cost

340,900

347,200

Other

148,935

Less accumulated depreciation

194,407

160,574

517,822

289,034

146,493

186,626

NOTE 9: PROPERTY, PLANT AND EQUIPMENT Land and Buildings At Deemed Cost

28,627,397

27,523,174

Less accumulated depreciation 2,553,336

2,089,331

Plant and Equipment At cost

26,074,061 25,433,843

661,339

1,126,606

36,186

18,404

625,153

1,108,202

Vehicles At cost

3,551,514

3,532,683

Less accumulated depreciation 1,302,093

1,006,674

2,526,009

Less accumulated depreciation

2,249,421

Furniture and Fittings At cost

2,129,162

2,235,186

Less accumulated depreciation

1,153,948

1,212,611

975,214

1,022,575

Computer Hardware and Software At cost 1,306,010

994,439

Less accumulated depreciation

720,801

683,855

585,209

310,584

Office Equipment At cost

36,103,626 32,048,533

Reconciliations Reconciliations of the carrying amounts of each class of property, plant & equipment at the beginning and end of the current financial year are set out below: Land and Buildings Carrying amount at beginning of financial year

25,433,843

25,785,156

Additions

185,000

792,185

Disposals

306,912

1,244,670

Transfers

1,240,978

559,849

Less depreciation

478,848

458,677

Carrying amount at end of financial year Plant and Equipment Carrying amount at beginning of financial year

26,074,061 25,433,843

1,108,202

122,189

Additions

121,894

529,764

Transfers

(584,951)

467,008

Less depreciation

19,992

10,759

Carrying amount at end of financial year

625,153

1,108,202

Vehicles Carrying amount at beginning of financial year

2,526,009

2,438,193

Additions

1,134,998

1,207,167

1,220,628

1,209,703

Disposals

798,471

561,607

Less accumulated depreciation

607,639

671,205

Transfers

(8,461)

612,989

538,498

Less depreciation

613,115

549,283

Carrying amount at end of financial year

2,249,421

2,526,009

48 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

Total Furniture and Fittings Carrying amount at beginning of financial year

2009 $

2008 $

1,022,575

1,051,346

Additions

171,611

182,278

Disposals

50,123

Transfers Less depreciation Carrying amount at end of financial year

Note

Make Good Leased Premises Carrying amount at beginning of financial year

2009 $

2008 $

186,626

Additions

24,700

347,200

5,077

Disposals

31,000

27,066

4,424

Less depreciation

33,833

160,574

195,915

210,396

Carrying amount at end of financial year

146,493

186,626

Total Property, Plant and Equipment Carrying amount at beginning of financial year 32,048,533

30,571,417

975,214

1,022,575

Computer Hardware and Software Carrying amount at beginning of financial year

310,584

318,509

Additions

7,055,966

5,007,080

Additions

458,161

176,665

Disposals

1,239,880

1,811,654

Disposals

28,042

300

Transfers

81,153

Less depreciation

1,760,993

1,718,310

Less depreciation

236,647

184,290

Carrying amount at end of financial year

585,209

310,584

Office Equipment Carrying amount at beginning of financial year

538,498

392,035

Additions

279,288

295,218

Disposals

25,332

Transfers

3,178

(4,424)

Less depreciation

182,643

144,331

Carrying amount at end of financial year

612,989

538,498

Work in Progress Carrying amount at beginning of financial year

922,193

463,989

Additions

4,680,317

1,476,603

Transfers

(767,424)

(1,018,396)

Carrying amount at end of financial year

4,835,086

922,196

36,103,626 32,048,533

Total Work in Progress for the Families Back on Track project is $3,728,653

St Vincent de Paul Society Queensland

| 49

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

2009 $

2008 $

(a) Investments at Fair Value (i) Listed Investments Australian Equities

2,728,670

2,871,535

International Equities

289,607

479,692

International Property

6,385

63,000

Interest rate notes

2,382,563

4,614,336

Preference Shares

1,387,710

474,700

248,176 646,850

338,421 4,895,095

(ii) Unlisted Investments

Provision for impairment of Interest Rate Notes

- (2,000,000)

7,689,961

11,736,779

(b) Reconciliation of Financial Assets Reconciliations of the carrying amounts of each class of financial asset at the beginning and end of the current financial year are set out below: (i) Listed Investments Australian Equities Carrying amount at beginning of financial year

2,871,535

1,914,937

Additions

2,463,926

1,254,840

Disposals

(1,827,689)

(139,169)

Net revaluation decrease

(779,102)

(159,073)

Carrying amount at end of financial year

2,728,670

2,871,535

543,787

Additions

37,333

Net revaluation decrease

(190,085)

(101,428)

Interest earned 2009: $ Dividends earned 2009: $ 61,270

50 | St Vincent de Paul Society Queensland

2008 $

63,000

679,000

Additions

67,302

Disposals

(721,000)

Net revaluation increase/(decrease)

(56,710)

37,698

Carrying amount at end of financial year

6,385

63,000

Listed Interest Rates Carrying amount at beginning of financial year

4,614,336

6,537,333

Additions

1,728,506

646,345

Disposals

(3,304,247)

(1,826,473)

Net revaluation decrease

(656,032)

(742,869)

Carrying amount at end of financial year

2,382,563

4,614,336

Interest earned 2009: $ Dividends earned 2009: $ 35,000

Interest earned 2009: $ 80,261 Dividends earned 2009: $ 130,667 Preference Shares Carrying amount at beginning of financial year

474,700

Additions

1,276,394

470,000

Disposals

(461,200)

Net revaluation increase

97,816

4,700

Carrying amount at end of financial year

1,387,710

474,700

Unlisted Property Carrying amount at beginning of financial year

338,421

367,500

Net revaluation decrease

(90,245)

(29,079)

Carrying amount at end of financial year

248,176

338,421

(ii) Unlisted Investments 479,692

Carrying amount at end of financial year

2009 $

Interest earned 2009: $ 27,510 Dividends earned 2009: $ 72,411

Interest earned 2009: $ 5,893 Dividends earned 2009: $ 208,750 International Equities Carrying amount at beginning of financial year

Note

International Property Carrying amount at beginning of financial year

NOTE 10: AVAILABLE FOR SALE FINANCIAL ASSETS

Property Unlisted Interest rate notes

289,607

479,692

Interest earned 2009: $ 1,701 Dividends earned 2009: $ 30,973

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

2009 $

2008 $

Unlisted Interest Rate Notes Carrying amount at beginning of financial year Additions Disposals

4,895,095

7,545,880

507,795

(1,507,819) (2,504,420) (77,926)

(654,160)

Asset Value Written off

(2,662,500)

646,850

4,895,095

Interest earned 2009: $ 248,799 Dividends earned 2009: $ -

- (2,000,000)

Asset Written off

1,000,000

Recovered

1,000,000

2 (e)

Carrying amount at end of financial year

2008 $

Employee Entitlements - LSL

371,739

249,206

371,739

249,206

(b) NON-Current Make Good Leased Premises

340,900

347,200

Employee Entitlements - LSL

412,804

370,685

753,704

717,885

(a) Current

NOTE 13: RESERVES AND ACCUMULATED FUNDS

Provision for Unlisted Interest Rate Notes Carrying amount at beginning of financial year (2,000,000) Additions

2009 $

NOTE 12: PROVISIONS

Net revaluation decrease

Carrying amount at end of financial year

Note

- (2,000,000)

Summary Carrying amount at beginning of financial year

11,736,779

17,588,437

Additions

5,468,921

2,983,615

Disposals

(7,100,955)

(5,191,062)

Net revaluation decrease

(1,752,284)

(1,644,211)

Asset Value Written off

(2,662,500)

Provision for Impairment decrease

2,000,000 (2,000,000)

Carrying amount at end of financial year

7,689,961

11,736,779

Total Interest earned on Financial Assets 2009: $ 364,164 Total Dividends earned on Financial Assets 2009: $ 539,071

(a) RESERVES Asset Revaluation Reserve

8,174,411

8,201,911

Fair Value Reserve

(1,962,546)

(986,376)

Accumulated Funds

44,821,959 42,284,740

51,033,824 49,500,275

(b) NATURE AND PURPOSE OF RESERVES Asset Revaluation Reserve The asset revaluation reserve records increments and decrements on the revaluation of individual parcels of land and buildings when revaluations have been performed previously. When individual parcels of land and buildings are sold, any balance in the revaluation reserve pertaining to those land and buildings is transferred to accumulated funds. Transfers for land and buildings sold during year was $27,500 (2008: $582,000). Fair Value Reserve Represents the accumulated net change in the fair value of available for sale investments until the investment is sold or impaired. When an investment is sold or impaired, any balance in the reserve pertaining to that investment is transferred to the income statement. The net loss transferred from reserve to the income statement on the disposal of investments during the year was $776,113 (2008: Loss $636,538).

NOTE 11: TRADE AND OTHER PAYABLES Current Trade and Other Creditors

2,380,735

895,365

Employee Entitlements Annual Leave

1,089,913

959,844

3,470,648

1,855,209

St Vincent de Paul Society Queensland

| 51

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

Note

2009 $

2008 $

Note

2009 $

2008 $

(b) Reconciliation of cash flow from operations with the Net Surplus/(Deficit)

NOTE 14: CONTINGENT LIABILITIES

Net Surplus/(Deficit)

(a) CONTINGENT ASSETS There is currently a legal proceeding in place to recover monies on the default of unlisted interest rate notes, Beryl Finance Cooloongatta AA- Notes and Zircon Coolangatta B- Notes. The face value of these notes that are subject to the legal proceedings is $1,000,000. The carrying value of these notes as disclosed in Note 10 is nil, as the outcome of the legal proceedings is uncertain at this point in time. (b) CONTINGENT LIABILITIES There is a Contingent Liability of $3,289,817 for the Government grant relating to the Families Back on Track project based on the Gold Coast. Conditions contained in the service agreement requires the Society to repay this grant in full should the construction of the project not be completed by 1 April 2010. As at the date of this report this project is expected to be completed ahead of schedule, in December 2009. NOTE 15: COMMITMENTS Operating lease commitments payable Future minimum lease payments due on non-cancellable property operating leases.

2,537,220

(1,386,744)

Cash flows in operating activities but not in operating result Non-cash flows in operating surplus Depreciation

1,760,995

1,718,310

Net (Profit)/Loss on sale of fixed assets

10,013

(708,468)

Fixed assets written off

27,500

Provision for Impaired Investments

2,000,000

Write down of Interest Rate Notes

1,662,500

852,921

636,538

Recovery of Interest Rate Notes previously provided for

(1,000,000)

(Increase)/decrease in receivables

(495,939)

318,861

(Increase)/decrease in prepayments

(212,803)

86,999

(Increase)/decrease in inventories

12,557

(38,039)

Increase in provisions

158,355

772,684

Net Loss on sale of investments

Property - Operating Leases Not later than one year

2,092,221

1,956,100

Later than one year but not later than 5 years

Increase/(decrease) in payables

1,615,619

(660,943)

1,509,134

1,795,467

3,601,355

3,751,567

Cash flows from operations

6,928,938

2,739,198

Capital Expenditure Commitments Committed expenditure to the Project Manager for the Families Back on Track project, Gold Coast is $3,269,669, being the balance of the contracted project cost due in 2010. NOTE 16: CASHFLOW STATEMENT NOTES (a) Reconciliation of Cash Cash at the end of the financial period as shown in the Cash Flow Statement is reconciled to the related items in the Balance Sheet as follows: Cash on hand Cash deposits with banks Bank term deposits

44,064 6,994,728 3,000,000

42,357 5,368,604 2,024,953

Balance per Cash Flow Statement

10,038,792

7,435,914

52 | St Vincent de Paul Society Queensland

NOTE 17: FINANCIAL RISK MANAGEMENT (a) General objectives, policies and processes In common with similar organisations, the Society is exposed to risks that arise from its use of financial instruments. This note describes the Societyâ&#x20AC;&#x2122;s objectives, policies and processes for managing those risks and the methods used to measure them. There have been no substantive changes in the Societyâ&#x20AC;&#x2122;s exposure to financial instrument risks, its objectives, policies and processes for managing those risks or the methods used to measure them from previous periods unless otherwise stated in this note.

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

The principal financial instruments from which financial instrument risk arises: • Cash and cash equivalents • Trade and other receivables • Trade and other payables • Available for sale financial assets • Accrued Income The State Council has overall responsibility for the determination of the Society’s risk management objectives and polices. (b) Credit Risk Credit risk is the risk that the other party to a financial instruments will fail to discharge their obligations resulting in the Society incurring a financial loss. This usually occurs when debtors or counter parties to contracts fail to settle their obligations owing to the Society. The maximum exposure to credit risk at balance date, without taking into account the value of any collateral or other security, in the event other parties fail to perform their obligations under financial instruments in relation to each class of recognised financial asset at reporting date is the carrying amount of those assets as indicated in the balance sheet and is as follows: 2009 2008 Cash and cash equivalents $10,038,792 $ 7,435,914 Trade and other receivables

$ 1,164,049 $

684,096

Available for sale financial assets

$ 7,689,961 11,736,779

(i) Cash Cash and cash equivalents are deposited with the Commonwealth Bank, Westpac, NAB, Macquarie, various Queensland Catholic Development Funds and various small financial institutions throughout regional Queensland. (ii) Trade and Other Receivables Within trade and other receivables the federal government is the largest debtor through GST receivables. The Society’s no interest loans scheme has outstanding receivables of $136,821 (2008: $87,218). Credit risk associated with trade and other receivables is monitored by the monthly review of trade debtor listings. (iii) Available for Sale Financial Assets The Society’s available for sale financial assets are disclosed in note 10. No one investment product is greater than 6% of the portfolio at the time of investing. Investments are diversified and are exposed to defensive and growth assets. isted interest rate securities consists primarily of Australian L hybrid securities such as convertible notes and types of preference shares that provide a return based on quoted interest rates. Unlisted interest rate securities consist primarily of collateralised debt obligations.

the Society investing in these assets is to have sufficient capital invested to support the maintenance and growth of the Society’s mission and strategic plan. Under the investment policy established by the Society, risk of future losses is in part managed by setting guidelines that require the Society’s investments are diversified such that there is adequate exposure to both defensive and growth assets. The performance objective of the Society’s investment portfolio is to achieve a minimum return over a three to five year period of 4% above inflation. At an individual asset class level, further industry benchmarks have been set against which the relevant class of assets are monitored. To help implement the Society’s investment policy and manage the associated investment risk the Society has in place an Investment Committee. The Investment Committee consists of four Vincentians, the State Treasurer and CFO. The Investment Committee engage an independent advisor currently being RBS Morgan (previously known as ABN Amro Morgans). The previous independent advisor to the investment committee was Grange Securities. The Society stopped using Grange Securities as their independent advisor during the year ended 30 June 2008. RBS Morgans also manage the Society’s investments in line with State Council approved investment policy and report monthly with quarterly presentations. Risk is managed by monthly review of investment holdings, policy compliance, economic updates and reviewing the long term cash needs of the Society. The committee monitors the quality of investments taking consideration of credit rating, return and investment objectives. Currently the Society has determined that a minimum investment portfolio is to be approximately 20 - 25% of the Society’s assets at market value. Unlisted interest rate securities consists primarily of collateralised debt obligations. $1,000,000 of these collateralised debt obligations are linked to sub-prime mortgages in the USA and have had their credit rating downgraded to CCC-. These investments originally had a credit rating of AAA and A+. During the year ended 30 June 2008 the Society fully provided for these collateralised debt obligations. s a result of the bankruptcy of Lehman Brothers and the A uncertainty surrounding their involvement in being a swap counterparty arranger a further $1,000,000 was provided during the year ended 2008 for collateralised debt obligations where Lehman Brothers was the swap counterparty arranger. These investments originally had a credit rating of AA- and BBB. During the year ended 30 June 2009 these funds were fully recovered. The carrying value of the collateralised debt obligations as at 30th June 2009 is $259,550. This carrying value is based on market values as advised by RBS Morgans. These market values have been determined by contacting the arranger of the CDO to obtain the arrangers internal valuation.

ith regards to available for sale financial assets, which are W a significant financial asset of the Society, the objective of St Vincent de Paul Society Queensland

| 53

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009

decrement of $500,000 being recognised in the fair value reserve. In arriving at the 20% discount the Society took into consideration the advice of RBS Morgans on historical default rates for the different credit ratings and other market evidence.

Note 17 Financial Risk Management (continued) (b) Credit Risk (continued)

Where the arranger is no longer available to provide a valuation, RBS Morgans contacted a number of market participants (including RBS Australia) in order to obtain an estimate of the fair market value of the CDOâ&#x20AC;&#x2122;s given the underlying structure of the particular CDO and the continuing distressed secondary market in structured credit products. For the collateralised debt obligations $1,662,500 of the decrease in market value has been taken to the income statement during the current year rather than the fair value reserve. The society is of the view that the downturn in the collateralised debt obligations will be prolonged given the thin market for the collateralised debt obligations.

(c) Liquidity Risk Liquidity risk is the risk that the Society may encounter difficulties meeting its financial liabilities. The objective of managing liquidity risk is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when they fall due, under both normal and stressed conditions. The Society manages liquidity risk by monitoring forecast cash flows and ensuring that adequate cash resources are available to meet financial liabilities as and when they fall due.

The face value of the CDOâ&#x20AC;&#x2122;s that have been recognised at a carrying value of $259,550 is $3,500,000. The maturity date for these investments ranges from 22 June 2012 to 20 September 2015.

Total financial liabilities are $2,380,734 as at 30 June 2009 (2008: $895,185). Carrying amount equals contractual cash flows. The value of trade and other payables is contractually payable within 6 months.

As at 30 June 2008 the collateralised debt obligations were valued by the Society at 80% of their face value after taking into account the impairment provision. This resulted in a

Financial Instruments

Weighted average effective interest rate

2009

Floating Interest Rate

Fixed interest rate maturing in:

2009 $

1 year or less

Over 1 to 5 years

2009 $

Non Interest bearing

Total carrying amount as per Balance Sheet

2009 $

(i) Financial Assets Cash Receivables Other financial instruments

4.2% 5.9%

Total Financial assets

9,994,728 3,029,413

44,064 1,164,049 4,660,548

10,038,792 1,164,049 7,689,961

13,024,141

5,868,661

18,892,802

2,380,735

2008 $

(ii) Financial Liabilities Payables

Total Financial Liabilities 2008

2008 $

(i) Financial Assets Cash Receivables Other financial instruments

7.5% 9.2%

Total Financial assets

7,393,557 7,984,131

42,357 684,096 3,752,648

7,435,914 684,096 11,736,779

15,377,688

4,479,101

19,856,789

895,365

(ii) Financial Liabilities Payables Total Financial Liabilities 54 | St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

Notes to the Financial Statements For the year ended 30 June 2009 (d) Market Risk The Society does not have any material exposure to market risk other than interest rate risk and price risk (i) Interest rates risk Interest rate risk arises from the use of interest bearing financial instruments. It is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in interest rates. The Society monitors its interest rate exposure continuously. The Society’s exposure to interest rate risk and the effective weighted average interest rate by maturity periods is set out in the table opposite. Sensitivity Analysis If interest rates were to increase by 1% the effect on the Society’s Surplus and accumulated funds would be for it to increase by $65,941 (2008 $167,138 ). I f interest rates were to decrease by 1% the effect on the Society’s Surplus and accumulated funds would be for it to decrease by $65,941 (2008: $167,138). (ii) Price Risk Price risk is the exposure to fluctuations in price that are inherent in financial markets. he Society is exposed to price risk through its listed T investments detailed in note10. The policies and procedures for managing price risk are similar to those for managing credit risk as detailed in note 17 (b) (iii). Sensitivity Analysis If the ASX 200 were to decline by 10% and the hedged international index fund were to decline by 10% the Society’s investments would decline by $302,466 (2008: $416,469). If the ASX 200 were to increase by 10% and the hedged international index fund were to increase by 10% the Society’s investments would increase by $302,466 (2008: $416,469). This analysis assumes all other variables remain constant including interest rates. NOTE 18: EVENTS SUBSEQUENT TO BALANCE DATE There have been no events subsequent to balance date that would have a material impact on the financial report. NOTE 19: ORGANISATION DETAILS The registered office of the Incorporated Organisation is: St Vincent de Paul Society Queensland 10 Merivale Street South Brisbane Qld 4101

NOTE 20: RELATED PARTY TRANSACTIONS The names of persons who were State Councilors of St Vincent de Paul Society Queensland at any time during the financial year are as follows: John Campbell Ron Sullivan Brian Moore Peter Dougherty Peter Driver Alan Harris Peter Richards Ron Beauchamp Bernadette Hyde-Mewburn (Appointed: February 2009) Ron Klease Jerry McAuliffe (Ceased: March 2009) Mervyn Powell Eric Eastment Colleen Holliday (Elected: March 2009) Kathleen Ferrero (Appointed: August 2008) Michael Waterhouse (Elected: June 2009) Claire Schneider (Appointed August 2008; Ceased May 2009) Lindsay Wratten (Ceased December 2008) Marama Moore (Ceased: August 2008) o State Councilor has entered into a material contract with St N Vincent de Paul Society Queensland since t he end of the previous financial year and there were no material contracts involving State Councilors interests subsisting at year end. State Councilors may have family members or relatives who utilise the services that St Vincent de Paul Society Queensland provides. Such transactions are conducted at arms length. Other Key Management Personnel were: Peter Maher C.E.O. David Worsnop Human Services Manager Ted Flack State Communications/Fundraising Manager Deborah Nisbet (Appointed: May 2009) C.F.O. Tom Cerrato (Ceased May 2009) State Accountant Sharon Shearsmith (Leave: August 2008 to March 2009) People Manager Julie Battelley (Aug 2008 to March 2009) Acting People Manager

Maree Fell FNQ (Cairns) Central Council Manager Christine Knickel Townsville Central Council Manager Doug Maynard Rockhampton Central Council Manager Chris Stenner Northern Brisbane Central Council Manager Kathie Brosnan Toowoomba Central Council Manager Ray O’Donnell Brisbane South/City Central Council Manager Cassandra Ashton Western Brisbane Central Council Manager John Goodwin Gold Coast & Country Central Council Manager State Councilors do not receive any direct remuneration, however a Reportable Fringe Benefit does exist on Motor Vehicle usage and is included in the figure below. Key Management Personnel remuneration includes Reportable Fringe Benefits of Motor Vehicles supplied. Cash and cash equivalents

2009 2008 $1,287,729 $1,240,405

St Vincent de Paul Society Queensland

| 55

Independent Auditorâ&#x20AC;&#x2122;s report To the members of St Vincent de Paul Society Queensland

56 | St Vincent de Paul Society Queensland

Independent Auditorâ&#x20AC;&#x2122;s report To the members of St Vincent de Paul Society Queensland

St Vincent de Paul Society Queensland

| 57

Services directory Aged persons support

Migrants and refugee services

Home Assist Secure

Gold Coast

Family Reunification (NILS)

South Brisbane

Home Maintenance and Modification Program

Gold Coast

Mentoring and tutoring

South Brisbane

St Vincent de Paul Society Settlement Services

Ipswich, South Brisbane

Vinnies Refugee Assistance Program (VRAP)

Townsville

VoRTCS Volunteer Refugee Tutoring

South Brisbane

Child and family support Family Intervention Service

Bundaberg, Gold Coast, Gympie, Maryborough, Mount Gravatt, Sunshine Coast, Wynnum

Disabled persons support

Overseas development

Fairview

Toowoomba

Loretto House

Toowoomba

Marist House

Toowoomba

Padua Villa

Toowoomba

Assist a student

South Brisbane

Pakistan Literacy Project

South Brisbane

Papua New Guinea and Kiribati Projects

South Brisbane

Drug and alcohol rehabilitation

St Martinâ&#x20AC;&#x2122;s Chemist Conference

Brisbane

Gillies House

Support centres

Auchenflower

Emergency and transitional accommodation Cornerstone

Warwick

Crisis accomm. program

Beaudesert

Desmond House

Nambour

Keystone

Warwick

Ozanam House

Nambour

Financial services Budget counselling

Brisbane

No Interest Loans (NILS)

State-wide

Food distribution and low cost food outlets

Family Support Centres

Buranda, Gatton, Inala, Ipswich

Youth Buddies Days

Albany Creek, Bundaberg, Cairns, Gladstone, Rockhampton, Inala, Innisfail, Redlands, Toowong

Home visitation Brisbane South / City Conferences

Regions: Northern Suburbs, Nundah, South Brisbane, South East Suburbs

Far North Queensland Conferences

Regions: Cairns, Cooktown, South, Tablelands

Beaudesert Food Division

Beaudesert

Gold Coast and Country Conferences

Regions: Gold Coast, Logan Albert, Redlands, Springwood

Northern Foodbank

Gympie

Northern Conferences

Regions: Burnett, Nth Coast, Sunshine Coast, Wide Bay

Rockhampton Conferences

Regions: Bundaberg, Central Highlands, Dawson / Callide, Far West, Gladstone, Mackay, Rockhampton

Townsville Conferences

Regions: Bowen Island, Burdekin, Charters Towers, Cloncurry, Collinsville, Hughenden, Ingham, Mt Isa, Proserpine, Townsville, Winton

Toowoomba Conferences

Regions: Dalby, Roma, Toowoomba, Warwick

Western Conferences

Regions: Ipswich, North West Suburbs, Rosalie, South West Suburbs

Medium to long-term accommodation Father Kevin Treacy Lodge

Mackay

Nicklin Way

Kawana Waters

Beaudesert Food Division

Beaudesert

Northern Foodbank

Gympie

Religious orders managed

Bowen Hills, Cornubia, Ipswich, Norman Park, Woodridge

Regional supported accommodation

Chinchilla, Dalby, Roma

Indigenous support

58 | St Vincent de Paul Society Queensland

Happy Valley Program

Region: Townsville

Palm Island Immersion Program

Region: Townsville

Tiwi Islands Education Program

Region: South Brisbane

Contact details

State Administration Office

For further enquiries:

Telephone enquiries: (07) 3010 1000

Central Councils: Brisbane City / South 44 Taylor Street, Buranda Q 4102 PO Box 6063, Buranda Q 4102 Ph: 3391 6361 Fax: 3217 3655 Email: brisbane.office.dc@svdpqld.org.au Far North Queensland 82-84 Anderson Street, Manunda Q 4870 PO Box 12061D Cairns DC Q 4870 Ph: (07) 4032 3139 Fax: (07) 4032 3160 Email: cairns.office.dc@svdpqld.org.au Gold Coast Country 126 Allied Drive, Arundel Q 4124 PO Box 418, Labrador Q 4215 Ph: (07) 5594 7355 Fax: (07) 5594 0822 Email: gcc.office.dc@svdpqld.org.au Northern 2 John Street, Gympie Q 4570 Ph Direct: (07) 5481 1525 Ph Centre: (07) 5482 2737 Fax: (07) 5482 0822 Email: nth.office.dc@svdpqld.org.au Rockhampton Shop 2/ 67 – 69 Gladstone Road, Rockhampton Q 4700 PO Box 692, Rockhampton Q 4700 Ph: (07) 4927 8073 Fax: (07) 4927 8541 Email: rocky.office.dc@svdpqld.org.au Toowoomba 4 Julia Street, Toowoomba Q 4350 Ph: (07) 4699 5222 Fax: (07) 4659 5887 Email: tba.office.dc@svdpqld.org.au Townsville 22 – 26 Echlin Street, Townsville Q 4810 PO Box 5692, Townsville Q 4810 Ph: (07) 4771 4077 Fax: (07) 4721 2033 Email: tvl.office.dc@svdpqld.org.au Western c/o – State Administration Office Email: western.office.dc@svdpqld.org.au

Office fax: (07) 3010 1099 Furniture pick-up: 1300 551 894 Street address: Ozanam House, 10 Merivale Street South Brisbane QLD 4101 Mail address: PO Box 3351 South Brisbane QLD 4101 Office email: state.admin@svdpqld.org.au Volunteer email: volunteer@svdpqld.org.au Donation email: donations@svdpqld.org.au Communications email: communications@svdpqld.org.au Events email: events@svdpqld.org.au Website email: website@svdpqld.org.au Media email: media@svdpqld.org.au Editor Naomi Lindeberg State Communications Coordinator St Vincent de Paul Society Queensland Design by Black Eye Advertising www.blackeye.com.au

How you can help You can help the St Vincent de Paul Society Queensland help others by: Volunteering your time Become a member of a conference or volunteer your time to assist people in your community through any of the Societyâ&#x20AC;&#x2122;s services. Call 07 3010 1000 Making a bequest You can support those in need by making a bequest to the Society in your Will. Through remembering the Society in your Will, you will ensure your legacy lives on through the assistance your generosity provides. Call 07 3010 1000 Making a financial donation Credit card donations can be made by visiting our website or calling the donation hotline. All donations of $2 of more are tax deductible. Online www.vinnies.org.au/qld or call 13 18 12 Donating goods Donations of quality clothing, furniture and household goods can be made to any Vinnies Centres Call 1300 551 894 (Brisbane Metro)

St Vincent de Paul Society Queensland 10 Merivale Street South Brisbane Queensland 4101 ABN: 14 211 506 904 Telephone: 07 3010 1000 Facsimile: 07 3010 1099 www.vinnies.org.au