annual report 2015 - water stewardship...
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ANNUAL REPORT 2015ACN 143 616 764 ABN 74 143 616 764
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Water Stewardship Australia Limited ACN – 143 616 764
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From a trickle to a flow – 2015 in review
Dr. Jamie Pittock, Chair
It would be wrong to get ahead of
ourselves but this year we seem to
have seen a change in our
development path from the stop-start
pattern of past years to one of solid
progress where each achievement
creates a foundation for future growth.
We have taken on new projects, built
capacity, developed our brand and
seen the first Australian company
apply for certification under the AWS
International Water Stewardship
Standard. We are well aware that
there is still a lot to do. We are
reviewing our strategy, developing
new partnerships, strengthening our
market presence and building the IT
infrastructure to support future
growth.
This year we have assumed
responsibility for development of water
stewardship throughout the Asia Pacific
region with support from the Australian
Government. We have engaged a
Regional Manager, Zhenzhen Xu, based
in Shanghai and organised the first Asia
Pacific Water Stewardship Forum in
conjunction with the International Rivers
Symposium. We have built relationships
in the region and supported this through
relationships with Australian
organisations that have similar goals. An
initial focus for our regional work will be
the Taihu Basin north of Shanghai in
cooperation with our partners in Jiangsu,
Zhejiang and WWF China.
In Australia our project work has
developed both in breadth and depth.
Our project on the Mornington Peninsula
near Melbourne has continued to
develop, we have progressed our project
in the Northern Murray Darling Basin and
established a new project working with
South Australian Murray Irrigators based
on the Renmark Irrigation Trust. Across
the Tasman we welcome our new
member the Waitaki Irrigators Collective
who are implementing water stewardship
as part of their 10-year strategic plan.
We have worked with GrainCorp and
more recently with Traditional Owners in
the Kimberley.
To support this work we are building
capacity to deliver projects through the
provision of training programs in New
Zealand, China, India, Pakistan,
Melbourne and Brisbane. We have built
our own capacity from our new office in
Melbourne, establishing a project
management office and redeveloping the
water stewardship brand. Over the
coming year we will roll-out the new
brand in conjunction with an enhanced
communication program and new
material to better explain and engage
potential participants in water
stewardship.
Governance
We have maintained very stable
governance over the year. Professor
Barry Hart joined for a short time but had
to resign for personal reasons. Professor
John Langford has had a difficult year
personally and has not been able to
attend Board meetings in the second half
of the year. We wish John and his family
well. Our Committee structure continues
to work well with Directors who have
been prepared to work hard to advance
the organisation.
Juliet Le Feuvre took over as Chair of our
Business and Finance Committee this
year from Sasha Courville. Juliet has
focused on driving improved financial
reporting for the Board so we are in a
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better position to assess progress. The
Committee also focused on our
fundraising efforts to encourage a more
strategic approach, played a key role in
our branding review and took an active
interest in our marketing and
communication.
David Waterson has continued to Chair
our Governance and Risk. As well as
maintaining and constantly reviewing our
Risk Register, David and his Committee
contributed in a number of new ways this
year. Through David’s connections with
the project management community we
have gained the services of a volunteer,
Nigam Vaid, who has dramatically
improved our project management
systems and capacity. David has also
monitored our relationship with the
Alliance for Water Stewardship (AWS)
and the progress of our regional
partnership with AWS.
Richard Savage took over as Chair of the
Technical Committee from Juliet Le
Feuvre. The potential workload for this
committee is enormous and this work has
continued to struggle for lack of staff
resources to support research and
development. Toward the end of the
year, WSA was able to contribute to the
recruitment of a global Technical
Manager for AWS, Richard Robertson,
and we hope this will provide some
support for this work and resolution of
technical issues associated with
implementing water stewardship.
Projects
Our portfolio of projects has grown this
year taking us into new areas and
deepening our capacity to evolve and
promote water stewardship.
The Western Port Water Stewardship
Project that was featured last year at our
AGM event developed strongly following
the recruitment of Lance Lloyd as Project
Manager. Our partner, the Western Port
Biosphere Reserve Foundation,
manages the project and Lance is
employed by the Biosphere. The project
leverages the leading role that the
Inghams Enterprises site in Somerville
has played in the development and
implementation of water stewardship. In
recent months Lance has started to build
participation of major water users on the
Mornington Peninsula. As well as
anticipated participants such as
horticultural enterprises, the project has
attracted participation from two schools in
the region and the interest of Landcare
groups.
Northern Murray Darling Basin Project.
This project continued to progress over
the year. Water stewardship training was
offered to staff of Norman Farming and
the Queensland Murray Darling
Committee (QMDC). WSA undertook an
assessment of catchment challenges
with assistance of the QMDC. WSA also
undertook a gap analysis with the cotton
industry myBMP standard (which is
already aligned with the Better Cotton
Initiative). WSA has provided briefings
on the project to local stakeholders. It is
expected to continue to progress over
coming months.
Renmark Irrigation Trust (RIT) Project.
WSA worked with South Australian
Murray Irrigators and SA-based
Waterfind to secure funding from the SA
Government. The initial aim of this work
is to develop a catchment analysis and
engage members of the RIT as
demonstration sites for the application of
the water stewardship standard. WSA is
currently preparing a draft analysis of
catchment challenges. A further
component of this project will be to build
in measurement of the business case for
water stewardship. A project reference
group has been established and it is
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expected the project will accelerate over
the coming months.
RIT intake and distribution infrastructure at
Renmark along the Murray River, SA.
Indo-Pacific Water Stewardship Project.
A partnership with the Australian
Department of Foreign Affairs and Trade,
this project is seeking to engage
Australian businesses in water
stewardship programs in the region. Two
Australian companies, Country Road and
Inghams Enterprises, have already
committed to the project. Following the
appointment of an Asia Pacific Regional
Manager in June, WSA undertook a
series of information briefings in
Melbourne, Sydney and Canberra to
recruit additional Australian partners.
The project is already working with
international partners in China and India.
An initial focus will be integrating water
stewardship into pollution control and
reform efforts in the Taihui Basin north of
Shanghai. The region accounts for
almost 12 per cent of China’s GDP.
WSA has a partnership agreement with
Jiangsu Engineering Consulting and
WWF China as part of this project.
Review of Project Management.
Through our Board member David
Waterson, WSA was able to engage the
services of a volunteer project
management expert. The Board
identified strengthening our project
management capability as an important
task for 2015 as both the number and
size began to increase. An important
part of this project is to also understand
future resource needs for the
organisation as it grows. Nigam Vaid has
done an excellent job in developing
systems that allow good management of
project and easy oversight by the Board.
Brand Redevelopment
The Board identified strengthening the
brand of water stewardship in the market
as an important factor in strengthening
uptake of water stewardship both in
Australia and internationally. Funds for
this work were obtained from
contributions made to our Public Fund
and additional contributions from
Inghams Enterprises. Leading brand
consultant Trevor Flett was engaged to
lead this work. He took the Board and
stakeholders through three phases of
work; a strategic evaluation of the brand
and its key messages, development of
design concepts, and final finishes and
implementation. Results of this work will
start to be seen over coming months and
will reach full strength in 2016.
International
During the year WSA continued to be a
very active contributor to the international
development of water stewardship. Our
Secretary Michael Spencer continued as
Chair of the Alliance for Water
Stewardship (WSA) and the transition of
that organisation from a collaboration of
like-minded organisations to a
membership-based multi-stakeholder
organisation with its own democratic
government system. That volunteer role
has presented significant challenges over
the year and made considerable
demands on his time. The work of both
Zhenzhen Xu and Richard Robertson are
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also contributing to the development of
AWS. Michael Spencer also participated
in a number of international conferences
representing both AWS and WSA.
These included conferences in China,
North America, Spain, India and
Australia.
Finance
While the company’s financial position
would appear to have improved
considerably, the balance at the end of
2015 ($323,368) essentially represents
funds committed to projects identified
above. A net surplus of $310,696 was
recorded. The goal for the organisation
is to manage these funds to fulfil our
commitments to funders and to underpin
future development of water stewardship
in the region. As noted elsewhere in this
report, in order to meet these goals the
Board has established a Project
Management Office staffed by an
experienced Project Manager.
Nevertheless the considerable expansion
in activity by the organisation is reflected
in these financial results.
WSA operates a Public Fund to receive
gift deductible donations from members
of the public. The fund has raised money
from the public and this has been
directed to projects in accordance with
the aims of the fund. Three Trustees
ensure that the fund complies with its
regulatory requirements and uses the
funds for appropriate purposes. We
acknowledge and thank Adj. Professor
John Williams (Chair), Professor Quentin
Grafton and Dr Ken Matthews for their
commitment and contribution.
Personnel
WSA continued to be managed by
Executive Secretary Michael Spencer on
a part-volunteer, part-fee for service
basis. Our Project Officer/Administration
Manager Megan McLeod works on a
similar basis. We thank them for their
contributions. An important task for the
coming year will be to achieve a position
where WSA can employ staff in salaried
positions rather than continuing this
arrangement. It will both enhance
professionalism and create more security
for staff and the organisation. Two staff
were employed in June and July.
Zhenzhen Xu was employed on a
contract basis as Regional Manager
based in Shanghai and Richard
Robertson was employed on a part-time
contract basis as Technical Manager
based in Vancouver. We welcome both
to WSA and the broader international
water stewardship organisation AWS.
Both have already shown their worth with
Zhenzhen generating significant
momentum for our work in China and
Richard dealing efficiently with the
accreditation of auditors, consultants and
trainers.
The future
Over the coming year the pace of
development will not diminish. Both
WSA and AWS have scheduled strategy
sessions over the remainder of calendar
2015 that will map the path for 2016 and
beyond. The need to continue to grow
brand awareness and brand strength will
be important in creating an incentive for
participation in good water stewardship.
We look forward to more organisations
aspiring to and achieving certification as
good water stewards. We need to
continue to secure the financial basis for
the organisation. Competition for funds
has not diminished and we must continue
to build our capacity to generate earned
income. As our financial position
improves we will need to ensure we have
the best combination of people to drive
the organisation forward. We will work to
develop a mix of skills over the coming
year. We will also need to strengthen our
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infrastructure. High on our list of
priorities will be our IT capability in order
to make the system more accessible and
compliance less burdensome. We also
need to build-in to the water stewardship
system, at this early stage of our
development, capacity to track and
record outcomes achieved through the
application of good water stewardship.
Finally, we recognise that we cannot do
all that is required ourselves and we
need to continue to build partnerships as
we have done this year with
organisations such as the International
Rivers Foundation, the International
Water Centre, WWF China and Jiangsu
Engineering Consulting Organisation.
Thank you to our supporters
Once again I would like to extend a
sincere thank you to those organisations
that have supported development of the
water stewardship system during 2015.
Inghams Enterises again deserves
particular mention as not only a key
partner but an important supporter of
both our Western Port project and our
brand development project. Helen
Macpherson Smith Trust is recognised as
the key financial supporter for the
Western Port project.
We welcome NAB who have returned as
a key partner organisation in 2016. We
also welcome DFAT as the funding
partner for our work in the Indo Pacific
region. Country Road is deserving of
recognition as a founding partner of that
project. We acknowledge the South
Australian Government for their support
for the Renmark Irrigation Trust project
through our partnership with South
Australian Murray Irrigators. The Murray
Darling Basin Authority is recognised for
their ongoing support particularly of our
work in the Northern Basin.
Julia Seddon, Inghams Enterprises and WSA
Deputy Chair, with WSA Project Officer Megan
McLeod inspecting the fencing and revegetation
works completed by Inghams, Somerville under
their Water Stewardship Plan to improve water
quality and important water related areas.
We acknowledge the important
contribution members and supporters
make to the sustainability of WSA
Limited. This year our membership has
grown and we thank those new members
who have joined our ranks. We hope to
continue to build on that in 2016 and offer
for the first time joint membership with
the Alliance for Water Stewardship.
Finally, I would like to once again thank
our Secretary Michael Spencer, our
Project Officer/Administration Manager
Megan McLeod and our Project Manager
Nigam Vaid for their dedication. I would
also like to acknowledge my fellow Board
members and thank them for their
support an ongoing contribution to the
development of WSA. This will be my
last year as Chair. I will continue as a
member of the Board while passing the
baton of Chair to one of my colleagues.
It has been a privilege to serve in this
role for such a great team of people.
Dr Jamie Pittock
WSA Limited Chair
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Development of the water stewardship system
The concept of water stewardship was
first articulated by proponents of a
voluntary, multi-stakeholder,
standards-based approach to water
management in Australia in 2006.
Water Stewardship Initiative Pty Ltd was
established following a series of
stakeholder meetings in 2006, 2007 and
2008. This organisation was responsible
for the development of the world’s first
water stewardship standard in 2009.
The Australian Water Stewardship
Standard and all associated intellectual
property was passed to Water
Stewardship Australia Limited (WSA), a
membership based not for profit entity,
following its establishment in 2010.
In 2011, WSA completed recruitment of
its full Board and created Board sub-
committees for technical issues,
marketing and finance, and for
governance.
The objective of WSA is the ‘protection
and enhancement of the natural
environment through the development,
communication and promotion of water
stewardship in Australia and the Asia
Pacific region’.
Water stewardship is defined as: “The
use of water that is socially equitable,
environmentally sustainable and
economically beneficial, achieved
through a stakeholder-inclusive process
that involves site- and catchment-based
actions”.
Water stewardship is based on achieving
four important outcomes: Sustainable
water balance; Good water quality,
Healthy important water related areas,
and Good water governance.
WSA’s 2009 water stewardship standard
formed the basis of the first draft
international water stewardship standard
in 2010. Development of an international
standard was led by the Alliance for
Water Stewardship (AWS), of which
WSA was a founding member.
In 2011 Professor John Langford of
Melbourne University was appointed to
the Alliance for Water Stewardship
International Standard Development
Committee (ISDC). WSA Secretary
Michael Spencer has held the position of
Chair of the AWS Board since its
inauguration.
In 2011-12 a Technical Advisory Group,
appointed by the WSA Board, reviewed
the first Australian Water Stewardship
Standard and made recommendations
for a revised standard that was presented
to a stakeholder meeting and approved
by the WSA Board in June 2012. This
standard became the basis for further
field trials in Australia.
At the same time, the Board undertook
an environmental scan and review of the
WSA strategic plan. In the context of the
new strategic plan the WSA Board
agreed to focus future efforts on
influencing the international standard
being developed by AWS rather than
further developing WSA’s standard.
In 2012-13 WSA undertook field trials in
the Goulburn Broken Catchment with the
Goulburn Broken Catchment
Management Authority, Dairy Australia
and Tatura Milk Industries. Experience
gained was submitted to the ISDC for
consideration in the development of the
international standard.
In 2013, the AWS ISDC finalised a ‘Beta’
international standard and in April 2014
the final version was released at a
meeting of the United Nations Global
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Compact CEO Water Mandate in Lima
Peru. The standard is now the basis for
ongoing work in Australia and globally.
In 2014 WSA developed the first global
Foundation Training program for people
interested in applying the standard,
promoting use of the standard or working
as an auditor, consultant or trainer on the
standard. In 2015 this work was
complemented by the development of
Advanced and Specialist Training
programs.
In 2015 the first certificate was awarded
by TUV (Rheinland) for compliance with
the AWS International Water
Stewardship Standard. The certificate
was awarded to an Ecolab site near
Shanghai in China that had been used as
a pilot site during the development of the
Standard.
A short time later Inghams Enterprises in
Australia underwent a certification
assessment against the Standard. At the
time of writing that assessment was still
being finalised. A third site, an Olam
coffee plantation in Tanzania, was due to
be assessed later in 2015.
Offices
Projects
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1. DIRECTORS AND MEETING ATTENDANCE
The Water Stewardship Australia Limited Board of Directors met six times in Financial
Year 2015 as follows:
1. Board Meeting: 30th of July 2014
2. Board Meeting: 24th of September 2014
3. Board Meeting: 3rd of December 2014
4. Board Meeting: 5th of February 2015
5. Board Meeting: 26th of March 2015
6. Board Meeting: 4th of June 2015
The Director attendance at meetings during the year ending 30 June 2015 is shown
below. Director’s details are shown in Appendix 1.
Director 30.7.14 24.9.14 3.12.14 5.2.15 26.3.15 4.6.15
Alexandra, Jason
Courville, Sasha
Feehan, Pat
Langford, John
Le Feuvre, Juliet
Pittock, James
Savage, Richard
Seddon, Julia
Waterson, David
(to December 2014)
Roberts, Andy
(from December 2014 to February 2015)
Hart, Barry
2. OFFICE BEARERS
Chair: Pittock, Jamie (Dr)
Deputy Chair: Seddon, Julia
Secretary: Spencer, Michael
3. PROCEEDINGS ON BEHALF OF THE COMPANY
No person has applied for leave of Court to bring proceedings on behalf of the company
or intervene in any proceedings to which the company is a party for the purpose of taking
responsibility on behalf of the company for all or any part of those proceedings. The
company was not a party to any such proceedings during the year.
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4. PRINCIPAL ACTIVITIES
Water Stewardship Australia is a membership-based organisation established to
promote responsible water management in Australia.
5. OPERATING RESULTS
The company generated a surplus of $310,696. On 1 February 2014 the Australian
Taxation Office endorsed the company for Charity Tax Concessions. From that date the
company is exempt from income tax.
6. SIGNIFICANT CHANGES IN STATE OF AFFAIRS
There were no significant changes in the state of affairs of the company during the
financial year, other than those referred to elsewhere in this report.
7. AFTER BALANCE DATE AFFAIRS
No matters or circumstances have arisen since the end of the financial year which
significantly affected or may significantly affect the operations of the company, the
results of those operations, or the state of affairs of the company in future financial year.
8. FUTURE DEVELOPMENTS
It is most probable that developments in operations of the company and the expected
results of those operations in future financial years will follow the current pattern.
9. DIVIDEND PAYMENT
The company is a company limited by guarantee incorporated and domiciled in Australia.
It does not have share capital. The directors of the company are precluded by the
company’s Constitution from recommending the payment of any dividend.
10. AUDITOR’S INDEPENDENCE DECLARATION
The independent audit report of the auditor for the year ended 30 June 2015 is attached.
Signed in accordance with a resolution of the Board of Directors:
Jamie Pittock (Dr)
Director
Dated this 18th of November, 2015
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APPENDIX 1 DIRECTORS’ PARTICULARS
ALEXANDRA, Jason
Appointed 29th January 2014
Qualifications:
Experience: 1996-present Director, Alexandra and Associates Pty Ltd;
Adjunct Research Fellow, Charles Darwin University Research
Institute for Environment and Livelihoods. 2009-13 Senior
Executive, Murray Darling Basin Authority responsible for
Natural Resource and Ecosystem Management. 2008 Senior
Executive, Murray Darling Basin Commission responsible for
Water Policy. Former Executive Director, Earthwatch
Australia; Non- Executive Director Land and Water Australia.
Organic farmer with over 30 years experience.
Responsibilities: Member, Business sub-committee.
COURVILLE, Sasha
Appointed 28th November 2012
Qualifications: Bachelor of Environmental Studies (York University), Masters
of Economics, Development Studies (London Schools of
Economics), PhD (School of Resources, Environment and
Society, Australian National University).
Experience: 2014-present, Head of Corporate Responsibility Strategy,
National Australia Bank. 2012-2014 Project Director, Natural
Value Strategy, National Australia Bank. 2005-12 Executive
Director, ISEAL Alliance, London, UK. 2001-5 Research
Fellow (and Postdoctoral Fellow), Regulatory Institutions
Network, ANU. 2001-2 Lecturer and Course Convenor,
"Greening of Business" Asia-Pacific School of Economics and
Governance, ANU. 1999-2001 Sustainability Consultant on
design and application of tools for sustainable value chains.
Responsibilities: Member, Technical sub-committee.
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FEEHAN, Pat
Appointed 31st January 2013
Qualifications: Bachelor of Science (University of Melbourne), Graduate
Diploma of Computing (Deakin University), Company Director
Course Diploma (AICD).
Experience: 2007-present Director Feehan Consulting. 2006-7 Manager,
Catchment Programs, Goulburn-Murray Water. 2002-6
Manager, Environment and Natural Resources, Goulburn-
Murray Water. 1994-2002 Manager, Natural Resources and
Water Quality Coordinator, Goulburn-Murray Water. 1975-94
Department of Sustainability and Environment (and
predecessors), various roles including soil conservation, public
land management, landcare, tree growing, salinity.
Responsibilities: Member, Governance sub-committee and Technical sub-
committee.
HART, Barry
Appointed 3rd December 2014 to 5th February 2015
Qualifications: Bachelor of Science (Hons) (Monash University), PhD
(Chemistry) (Monash University).
Experience: 2003-present Director, Water Science Pty Ltd. 2009-present
Member Murray-Darling Basin Authority. 1976-2003 Director,
Water Studies Centre, Monash University. 1993-2002 Deputy
Director/Director Research, CRC for Freshwater Ecology.
1976-1986 Head, Department of Chemistry & Biology,
Caulfield Institute of Technology.
Responsibilities:
LANGFORD, John
Appointed 21st March 2013
Qualifications: Bachelor of Engineering (Agriculture) (University of
Melbourne), PhD (Overland flow hydraulics) (University of
Melbourne).
Experience: 2003-present Professional Fellow, University of Melbourne,
including; Director, Uniwater, and Director, Australia China
Centre of Water Resource Research. 18 years Melbourne
Board of Works; forest hydrology research, water supply
planning and operations, corporate development, and water
pricing reform. 1.5 years State water planning initiating
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demand management and water markets. 7.5 years Director
of Operations and Managing Director, Rural Water
Corporation of Victoria. 4 years Commissioner of the Murray
Darling Basin Commission. 1990-present Board Chairman of
the Murray Darling Freshwater Research Centre. Board
Chairman, Cooperative Research Centres of Catchment
Hydrology (12 years) and Freshwater Ecology (13 years).
Board member, Peter Cullen Water and Environment Trust.
Responsibilities: Member, Technical sub-committee.
LE FEUVRE, Juliet
Appointed 25th May 2010
Qualifications: Bachelor of Arts (Hons) (Cambridge University).
Experience: 2006-present Environment Victoria Healthy Rivers
Campaigner. 2005-6 Australian Conservation Foundation
Direct Marketing Officer. 2002-5 Australian Conservation
Foundation Land and Water Program Assistant.
Responsibilities: Chair, Business sub-committee.
PITTOCK, James
Appointed 25th May 2010
Qualifications: Doctor of Philosophy (The Australian National University),
Bachelor of Science (Monash University), Member of the
Australian Institute of Company Directors.
Experience: 2012-present Associate Professor, Fenner School of
Environment and Society, The Australian National University.
2010-present Director of International Programs, UNESCO
Chair in Water Economics and Transboundary Water
Governance and Principal of James Pittock Consulting. 2010-
13 Program Leader, Australia and United States Climate,
Energy and Water, US Studies Centre. 2007-10 PhD Scholar,
Fenner School of Environment and Society, The Australian
National University. 2000-7 Director, Global Freshwater
Programme, WWF International. 1994-2000 Manager of
Nature Conservation and the Murray-Darling Basin, WWF
Australia. 1990-4 Environmental advocate for various
Australian non-governmental organisations.
Responsibilities: Chair, WSA Limited Board (from 18th January 2011) and
Member, Governance sub-committee.
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ROBERTS, Andy
Appointed 26th March 2014 to 3rd December 2014
Qualifications: Bachelor of Engineering (Civil Engineering) (University of
Adelaide), Bachelor of Science (Maths and Comp Sci)
(University of Adelaide).
Experience: 2011-present CEO, Water Industry Alliance.
2011 (Feb-August) Industry Development Manager, Water
Industry Alliance. 2009-11 Senior Engineer/Software
Developer, Optimatics Pty Ltd.
2006-11 Technical Manager Europe, Optimatics Pty Ltd.
2003-6 Project Engineer, Optimatics Pty Ltd.
2011-present Deputy Chair of Advisory Board, Centre for
Comparative Water Policy and Law, UniSA.
Responsibilities:
SAVAGE, Richard
Appointed 31st January 2013
Qualifications: Bachelor of Science (Civil Engineering) (University of the
Witwatersrand), Graduate Diploma in Engineering (Municipal)
(University of the Witwatersrand).
Experience: 2012-present Principal Engineer, Water Systems, GHD,
Brisbane & Gold Coast. 2011-12 Principal Engineer, Water
Supply and Wastewater Engineering, Gilbert and Sutherland,
Brisbane and Gold Coast. 2008-10 Principal Engineer, Water
Systems Planning Unit, WorleyParsons, Northern Operations.
2001-8 Director, Restor (Africa); Turnkey engineering
solutions in the Non-Revenue Water sector; water and
wastewater systems planning. 1986-2001 Water resources
and infrastructure planning and design engineer, BKS (Pty)
Ltd (now AECOM), South Africa; Graduate Engineer to
Divisional Director.
Responsibilities: Chair, Technical sub-committee and Member, Business sub-
committee.
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SEDDON, Julia
Appointed 25th May 2010
Qualifications: Masters Environment and Business Management (University
of Newcastle), Bachelor of Applied Science (Environmental
Assessment and Management) (University of Newcastle).
Experience: 2015-present Head of Business Sustainability, Inghams
Enterprises. 2008-2015 Group Environment Manager,
Inghams Enterprises Pty Limited. 2006-8 Environment
Manager, Inghams Enterprises Pty Limited. 2000-6
Environmental Engineer, Inghams Enterprises Pty Limited.
1998-2000 Environmental Planning Officer, Major
Development Unit, NSW Department of Urban Affairs and
Planning; and Environmental Planning Officer, Hunter and
Central Coast, NSW Department of Urban Affairs and
Planning.
Responsibilities: Deputy Chair, WSA Limited Board and Member, Business
sub-committee and Governance sub-committee.
WATERSON, David
Appointed 14th September 2011
Qualifications: Bachelor of Science (Hons) (University of Melbourne),
Bachelor of Science (Education) (University of Melbourne),
Graduate Diploma in Computing (RMIT).
Experience: 2011-present Principal, Energised Projects with a focus on
implementing Government policy reforms in the energy
industry. 2009-11 Executive General Manager, Information
Management & Technology, AEMO. 2007-9 General
Manager, Development and Strategy, NEMMCO. 2005-7
Head of Wholesale Market Development, NEMMCO. 1997-
2005 Head of Information Services, NEMMCO.
Responsibilities: Chair, Governance sub-committee and Member, Business
sub-committee.
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WATER STEWARDSHIP AUSTRALIA LIMITED
ACN 143 616 764
DIRECTORS’ DECLARATION
The directors of the company declare that:
1. The financial statements and notes as set out on pages 16 to 24 are in accordance
with the Corporations Act 2001:
(a) comply with Accounting standards and Corporations Regulations 2001; and
(b) give a true and fair view of the financial position as at 30 June 2015 and of the
performance for the year ended on that date of the company.
2. In the directors’ opinion, there are reasonable grounds to believe that the company
will be able to pay its debts as and when they become due and payable.
This declaration is made in accordance with a resolution of the Board of Directors.
Jamie Pittock (Dr)
Director
Dated this 18th of November, 2015
16
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
BALANCE SHEET
AS AT 30 JUNE 2015
Note 2015 2014
$ $
CURRENT ASSETS
Cash assets 4 338,268 26,449
Receivables & Prepayments 5 45,180 13
TOTAL CURRENT ASSETS
383,448
26,462
NON CURRENT ASSETS 6 - -
TOTAL ASSETS
383,448
26,462
CURRENT LIABILITIES
Payables 7 60,080 13,790
TOTAL CURRENT LIABILITIES
60,080
13,790
TOTAL LIABILITIES
60,080
13,790
NET ASSETS
323,368
12,672
EQUITY 8
Retained surplus 9 323,368 12,672
TOTAL EQUITY
323,368
12,672
The accompanying notes form part of these financial statements
17
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2015
Note
2015
2014
$ $
Revenue from ordinary activities 2 391,048 32,863
Expenses 3
Administration expenses (35,029) (14,980)
Consultancy (42,123) (12,485)
Employee (3,200) (8,892)
Net surplus(deficit) from ordinary activities 9
310,696
(2,494)
The accompanying notes form part of these financial statements
18
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2015
$
Accumulated
Funds
Balance as at 1 July 2014 12,672
Surplus (Deficit) for the year
310,696
Less Income Tax Expense
-
Surplus (Deficit) for the year
310,696
Balance as at 30 June 2015
323,368
The accompanying notes form part of these financial statements
19
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 June 2015
2015 2014
$ $
Cashflow From Operating Activities:
Cash receipts in the course of operations
245,881
33,762
Cash payments in the course of operations (34,062) (33,997)
Net Cash provided by (used in) operating activities
311,819
(235)
Cashflow From Investing Activities:
Net cash provided by (used in) investing activities - -
Cashflow From Financing Activities: - -
Net cash provided by (used in) financing activities - -
Net increase (decrease) in cash 311,819 (235)
Cash at the beginning of the financial year 26,449 26,684
Cash at the end of the financial year
338,268
26,449
The accompanying notes form part of these financial statements
20
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
NOTES TO AND FORMING PART OF THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 JUNE 2015
RECONCILIATION OF CASH
Cash at the end of the financial year as shown in the Cash Flow Statement is
reconciled to the related items in the Balance Sheet as follows:-
2015 2014
$ $
Cash deposits with banks
338,268
26,449
338,268
26,449
RECONCILIATION OF CASH FLOW FROM OPERATIONS
WITH OPERATING SURPLUS FROM ORDINARY ACTIVITIES
Operating Surplus (Deficit) 310,696 (2,494)
Changes in Assets and Liabilities
(Increase)/decrease in Receivables (45,167) 899
Increase/(decrease) in Trade Creditors and
Accruals
46,270
1,360
CASH FLOW FROM/(USED IN) OPERATIONS
311,819
(235)
The accompanying notes form part of these financial statements
21
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
Note 1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
STATEMENT OF COMPLIANCE
The financial report is a general-purpose financial report, which has been
prepared in accordance with the Corporations Act 2001, Accounting
Standards and Interpretations, and complies with other requirements of the
law. Accounting Standards include Australian equivalents to International
Financial Reporting Standards (‘A-IFRS’).
The financial report covers Water Stewardship Australia Limited as an
individual entity. Water Stewardship Australia Limited is a company limited
by guarantee, incorporated and domiciled in Australia.
The financial report has been prepared on an accruals basis and is based on
historical costs and does not take into account changing money values or,
except where stated, current valuations of non-current assets. The following
is a summary of the material accounting policies adopted by the company in
the preparation of the financial report. The accounting policies have been
consistently applied, unless otherwise stated.
(a) Revenue Recognition
Revenue from the rendering of a service is recognised upon delivery of the
service to the customer.
Revenue from sponsorships and grants is recognised when the right to
receive a sponsorship or grant is established.
(b) Income Tax
No Income tax is payable by the company as the Australian Taxation Office
has endorsed the Company for Charity Tax Concessions, and from 1
February 2014 the company is exempt from income tax.
(c) Trade and Other Creditors
These amounts represent unpaid liabilities for services provided to the
company prior to the end of the financial year. The amounts are unsecured.
(d) Cash
For the purposes of the Cash Flow Statement, cash includes cash on hand
and in banks, deposits at call and money market investments which are
readily convertible into cash.
22
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
Note 1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont)
(e) Goods and Services Tax (GST)
The Company is registered for Goods & Services Tax.
(f) Critical Accounting Estimates and Judgements
The directors’ estimates and judgements incorporated into the financial
report are based on historical results and the best available current
information. Estimates assume a reasonable expectation of future events
and are based on current trends and economic data from internal and
external sources.
(g) Adoption of new and revised Accounting Standards
In the current year, the company has adopted all of the new and revised
Standards and Interpretations issued by the Australian Accounting
Standards Board (the AASB) that are relevant to its operations and effective
for the current annual reporting period.
23
WATER STEWARSHIP AUSTRALIA LIMITED
ACN 143 616 764
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
2015 2014
$ $
Note 2 REVENUES
Revenue from operating activities
Donations 1,200 -
Subscriptions & Training 41,724 10,091
Grant Revenue & Consulting Fees 348,073 22,727
Interest 51 45
Total revenue 391,048 32,863
Note 3 EXPENSES
Administration Expenses
Advertising 3,800 -
Audit, Bookkeeping & Accounting 3,550 3,805
Events 2,523 -
Bank Fees 162 59
Consultancy Fees 42,305 12,485
Conference & Meeting Expenses 1,241 5,339
Sundry 2,765 1,307
Telephone & Internet 1,123 784
Rent 1,519 527
Travel 16,450 1,605
Insurance 1,714 1,554
77,152 27,465
Employee Expenses
Employees 3,200 7,892
3,200 7,892
Note 4 CASH ASSETS
Cash deposits with banks 338,268 26,449
Note 5 RECEIVABLES – CURRENT
Other Debtors & Prepayments - 13
Trade Debtors 45,180 -
45,180 13
Note 6 NON CURRENT ASSETS
Non Current Assets - -
24
Note 7 PAYABLES – CURRENT
Creditors and accruals 26,952 13,790
GST 33,128 -
60,080 13,790
Note 8 MEMBERS' GUARANTEE
The company is limited by guarantee. If the
company is wound up, the Constitution states
that each member is required to contribute $10
each towards meeting any outstanding
obligations of the company.
Note 9 RETAINED EARNINGS
Retained surplus at the beginning of financial
period 12,627 15,166
Net operating surplus(deficit) for period 310,696 (2,494)
Retained surplus 323,368 12,672
Note 10 RELATED PARTY TRANSACTIONS
Directors’ Remuneration
There was no remuneration paid or payable to
the directors of the company.
Note 11 COMPANY DETAILS
The registered office of the company is:
35 Little Victoria Street, FITZROY VIC 3035
Note 12 ECONOMIC DEPENDANCY
A significant portion of untied income is
received from member subscriptions.
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WATER STEWARDSHIP AUSTRALIA LIMITED I have audited the accompanying financial report, being a general purpose financial report, of Water Stewardship Australia Limited (the Company), which comprises the balance sheet as at 30 June 2015, the statement of income, statement of changes in equity, cash flow statement for the year then ended, a summary of significant accounting policies, other explanatory notes and the directors' declaration. The Responsibility of the Directors for the Financial Report The directors of the company are responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial report, are appropriate to meet the needs of the members. The directors' responsibility also includes designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor's Responsibility My responsibility is to express an opinion on the financial report based on my audit. No opinion is expressed to whether the accounting policies used, as described in Note 1, are appropriate to meet the needs of the members of Water Stewardship Australia Limited. I conducted my audit in accordance with Australian Auditing Standards. These Auditing Standards require that I comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those assessments, the auditor considers Internal control relevant to the entity's preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Directors, as well as evaluating the overall presentation of the financial report. The financial report has been prepared for distribution to members of Water Stewardship Australia Limited. I disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members of Water Stewardship Australia Limited or for any purpose other than that for which it was prepared.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Independence In conducting my audit, I have complied with the independence requirements of Australian professional ethical pronouncements. Auditor's Opinion In my opinion the financial report of Water Stewardship Australia Limited: (a) gives a true and fair view of the Company’s financial position as at 30 June 2015 and of its performance for the year ended on that date in accordance with the accounting policies described in Note 1; and (b) complies with Australian Accounting Standards to the extent described in Note 1. Barry Hodson FCPA Certified Practising Accountant PO Box 139 Kuranda Qld 4881 Tel: 07 40939770
ASIC registered auditor 1936 Dated 20th.November 2015
Water Stewardship Australia
+61 3 9419 6884
PO Box 184
East Melbourne VIC 8002
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