partnering with community in the moreton bay region...field of health administration, dental health,...

Partnering with community in the Moreton Bay Region

7

4

6

8

5

24

13

9-10

25-26

17-23

11-12

14-16

REDCLlFFE HOSPITAL FOUNDATION ANNUAL REPORT 2008-09 3

MAJOR SPONSORS

Auditor's Report

Financial Statements

Management Certificate

Notes to and Forming Part of The Financial Statements

Donations

Meet the Board

CONTENTS

Projects

Chairperson's Report

CEO Report

Objectives

Our Mission

Treasurer's Report

4 RE DeLI FFE HOS PITAL FOU N DATION AN NUAL RE PORT 2008-09

OBJECTIVES1. To aid the Hospitals and Health Services in the Moreton Bay Region

whether established or proposed.

2. To supply aid to any person and to provide services in respect of any

matter concerning the health and well-being of people.

3. To provide money or travel grants, conference expenses, fellowships,

allowances and prizes for any matter concerning the health and

well-being of people.

4. To promote and provide improved facilities for education and training

at undergraduate and postgraduate levels in all health professional

disciplines and for the community.

5. To seek to discover the nature, origins and causes of disease and

of good health inCluding the outcomes of interventions in health and

disease and to make the best use of knowledge gained for the

improvement of health promotion and prevention or treatment of disease.

6. To research, or arrange or promote research (including surveys relevant

to health service or hospital functions) and to provide money grants

or loans for persons engaged in research or surveys, into any matter

concerning the health or wellbeing of people with a view to general

improvement in health services.

7. To arrange for research and development work in the specific matters

relating to the health of people.

8. To invite and finance the appearance of people renowned for their

knowledge or expertise in the health and well-being of people in health

care, to give instruction to health care workers and to the public.

9. To develop, purchase and manage businesses which will provide

from their profits, income to the Foundation, and assist to facilitate the

Foundation's aims of support to its community.


CEO REPORTDespite many challenges and frustrations during the past year, upon reflection, it has proven to be one of great progress.

It was dominated by our desire and dream to establish an Integrated Health Care Centre at Redcliffe Hospital to notonly lessen the load on the Emergency Department, but to also offer much needed facilities for doctor and nurseeducation and state of the art research facilities.

So a large proportion of the Foundation staff's time and resources has been directed, firstly to the detailed fundingapplication process, and subsequently (after being named the successful applicant in January) to preparing forconstruction of the Moreton Bay Integrated Care Centre (MBICC).

\Ne are indebt(3d to our consortium partners UQ School of Medicine and acknowledge the incredible support of theMoreton Bay Regional Council, OLD Health, Redcliffe Hospital management and our Government representatives,both state and federal, for helping to turn this dream into a reality.

Although MBICC is our most exciting and ambitious project it has not hindered our dedication to progressing othervital Redcliffe Hospital Foundation (RHF) projects and activities.

The Caboolture Technical Education and Training Centre (Kabtec) has expanded in scope and is quickly coming tofruition thanks to the appointment of a full time project officer in May 2009.

Our school based traineeship scheme continues to offer outstanding employment opportunities to local studentsdespite the loss of both state and federal funding support.

Likewise our computer rebuilding enterprise continues to offer training and employment opportunities and now also,thanks to a partnership with the Smith Family, enhances the educational outcomes of hundreds of disadvantagedfamilies in the region.

Once again over the past year the Foundation has supported hospital staff to improve their education, enhance theirqualifications, carry out vital research or acquire much needed equipment. In July 2008 we completed a long-standingproject to construct a memorial garden outside the chapel at Redcliffe Hospital.

The Foundation lent its support to raising public awareness of child protection issues by promoting the inauguralFamily Fun Day in September 2008. The day was such a resounding success, with more than 2500 people takingadvantage of free rides and entertainment, that is has now become a fixture on the RHF calendar.

Another Foundation dream became a reality in November with the launch of our official supporter's group FoundationFriends. Offering memberships to both corporate entities and individuals Foundation Friends allows us to givesomething back to those who support us.

And in June 2009 the fourth annual Foundation Dinner was yet again an outstanding success thanks to theattendance of the Australian treasurer, Wayne Swan, as guest speaker.

As you will see within this Annual Report, that whilst achieving so much over the past year, the RHF has also established asolid financial base that will allow us to continue to support community and health initiatives into the future.

Of course the Redcliffe Hospital Foundation owes its existence and all its activities to the incredible generosity of allsectors of the community.

I take this opportunity to thank all those who have helped and supported us during the past year, our majorsponsors, our business partners, our community partners, Foundation Friend members, Foundation staff, RHFdirectors and last, but not least our tireless band of volunteers.

To everyone who made a donation, bought a ticket in one of our raffles, dropped loose change in a collection box orbought a hot dog at our regular Bunnings sausage sizzle, thank you all for making the 2008/09 financial year such agreat success.

",./

Stephen Hart

Chief Executive Officer

6 REDCLIFFE HOSPITAL FOUNDATION ANNUAL REPORT 2008-09

CHAIRPERSON'S REPORTAs I write this, my fourth Chairman's report, my mind is taken back to the very firststrategic meeting of the Redcliffe Hospital Foundation. We talked about what thevision and mission of the Foundation might be. Partnering with community, improvingthe health of our community through education, research ... The conversations werecut short by Ron Jelich, "But what do you want Boris, what do you want?" He asked.I talked about establishing the Foundation, getting a funding base. Ron cut meshort again and repeated the question. I eventually spoke of my desire to establish aresearch training and educational facility in Redcliffe. A vision so ambitious that I couldnot see it happening within the four year term of the inaugural board, or even the nextfor that matter. I had resigned myself to the fact that under my watch, just staying outof the red, would be a major achievement.

Ron and his fellow directors had other ideas. Ron walked from Cairns to Redcliffeto make his point, and so we started to believe that we really could make it happen.Over the past year the ball really started to get rolling and thanks to a lot of hardwork, and the incredibly generous support from all sectors of our community, mydream is about to become a reality, in the form of the Morton Bay Integrated CareCentre.

Incorporating a GP Super Clinic and state of the art research and education facilities(thanks to our partners the University Of Queensland School Of Medicine) the newcentre will serve the needs of Redcliffe and the Moreton Bay region for years to come.

It will address the healthcare needs and wants of the broader community and will offernew and exciting opportunities in education, medical research and training. Just aswe envisaged four years ago.

Thank you to my fellow directors and everyone who supported us, you made ourdreams come true in a timeframe we did not think possible.

A lasting contribution to the wellbeing of our community is about to be made, and Ihave never been so happy to be proven wrong.

~Dr Boris Chern

Chairperson

REDCLIFFE HOSPITAL FOUNDATION ANNUAL REPORT 2008-09 7

TREASURER:S REPORTDuring the 2008/2009 financial year the Foundation undertook major activities toensure the appropriate use of the purpose specific fundraising in the previous year.

The consulting expenses of $169,271 relate to the preparation of the application to theAustralian Government which secured funding for the Moreton Bay Integrated Care Centre(incorporating the Redcliffe GP Super Clinic) at Redcliffe Hospital. This major developmentwill also incorporate cancer research facilities for which the funds were raised.

The Foundation is grateful for the assistance initially from the Redcliffe City Counciland then from the Mor-eton Bay Regior:lal Council which has allowed the project toproceed to this stage while preserving all of the donated funds to be used to financethe construction of the facility.

The Foundation also acted as the auspicing body for the Caboolture Technical andEducation Centre (Kabtec) project. Details of the project and the impact on theaccounts are shown in Note 12 to the financial statements.

While undertaking these long term projects the Foundation continued to raise fundsfor the ongoing health related assistance that has been an integral part of theFoundation's activities. These include:

• $43,819 for School Based Trainees (up 325% from last year);

• $11,413 for education, training and equipment grants for health employees in theMoreton Bay Region;

• Construction of a memorial garden at Redcliffe Hospital;

• Grants for community health initiatives;

• Maintenance of the Foundation Lodge which provides accommodation forpatient's families.

Fundraising of $250,000 during the year was an excellent result and could not havebeen achieved without the dedication of the staff and the support of our sponsors, localbusinesses, volunteers, and the community. The Foundation continues to investigatenew initiatives to ensure that funds raised (excluding donations) are sufficient to meetadministrative costs.

Stephen Pronk

Treasurer


REDCLIFFE HOSPITAL FOUNDATIONPROJECTS 20091. TRAINEES SCHEMEThe Redcliffe Hospital Foundation continues to fund a school based Traineeship scheme within the Northside Health

District. Participants spend a day a week at a local hospital (PCH, Redcliffe, Kilcoy, Caboolture) training in their chosen

field of health administration, dental health, operational, allied health or nursing assistant. This 2 year c,ourse is available

to grade 11 students and has so far produced 52 graduates, of these 46 are currently employed in the district and 5

are pursuing further studies. Currently 15 trainees are completing second year training and 17 new students have been

enrolled in 2009.

2. COMPUTER REFURBISHMENT PROGRAMA combined business/community venture currently operated in conjunction with Bridgeworks Employment.

The Redcliffe Hospital Foundation pays a full time supervisor to train long term unemployed people in computer repair

and reconditioning. Many participants have gone on to find gainful employment or undertake further studies. The

refurbished computers are sold to raise funds for the Foundations operational requirements. Recently the foundation

entered into a partnership agreement with The Smith Family to supply computers and internet access to hundreds of

disadvantaged families across Queensland.

3. FOUNDATION LODGEOne of the first major projects the Redcliffe Hospital Foundation tackled was to establish 'The Foundation Lodge'. This

provides a safe, secure place for family members to stay close by if they have a distance to travel to visit loved ones while

they are in hospital. The Foundation, in partnership with Queensland Health, completely refurbished the old nurses' quarters

to create two self-contained apartments. Foundation Lodge was opened May 2007, and is in great demand with occupancy

close to 100%. The RHF also plans to establish a similar facility near the Caboolture Hospital.

4. EDUCATION GRANTSThe Redcliffe Hospital Foundation offers staff of the Northside Health Service District the opportunity to apply for

grants in the following areas:

• Post Secondary/Tertiary Level Scholarship

• Health and Medical Research

• Provision of Equipment, Facilities Enhancement and Supplies

• Education, Training and Professional Development

In the past year grants totalling $9567 have been awarded to hospital staff.

5. MEMORIAL GARDENS AND PREGNANCY LOSSIn 2005, we began planning to build a memorial garden at the Redcliffe Hospital. The garden has now been completed,

with assistance and advice from the hospital's maternity staff and social workers and financial support from local businesses.

The garden will provide a space for peaceful reflection from those who have lost a loved one or a child at birth or through

miscarriage. It is located in front of the Hospital chapel.

6. COMPASSIONATE FRIENDSThe Compassionate Friends (TCF) is a self-help support organisation for bereaved parents, siblings and grandparents.

it offers friendship and understanding to families who are grieving the death of a child of any age, from any cause.

Bob Wyborn, who lost his son to adrenoleukodystrophy (ALD) disease made famous by the movie Lorenzo's Oil, is one

of the driving forces behind TCF and approached the Redcliffe Hospital Foundation seeking funding. Bob arranged to take

his organisation's deepest sufferers on a retreat to Maleny on the Sunshine Coast hinterland for intensive counselling. The

Foundation has agreed to fund this venture on an ongoing basis and also have agreed to set up a partnership where some

of the TCF volunteers can become volunteers for our Foundation.


7. MENTAL HEALTHEach year the Foundation sponsors 12 residents of the Redcliffe Caboolture Community Healthcare Units to enter a team into the

Jetty to Jetty Fun Run as part of their rehabilitation program. The team members are fitted out with official T-shirts as well as caps

and joggers.

8. WIG AND TURBAN ROOMThe Redcliffe Hospital Foundation helped fund a 'wig and turban' library in the Oncology Department at the Redcliffe Hospital to

provide a variety of head wear for patients suffering hair loss as a result of cancer treatment.

9. LOSS AND TRAUMA SUPPORTThe Redc!iffe HosfJita! Foundation supp!ie~ emergency clothing for infants and chi!dmn and replacement clothing for rape victims.

10. DIAGNOSTIC EXERCISE BIKESV\jith the help of a !ocal vehicle import business the Foundation was able to supply four diagnostic exercise bikes to the

Indigenous Cardiac Unit, which works with remote Queensland communities.

11. ERGOTRON COMPUTER CARTSThe new Emergency Department (ED) and Redcliffe Hospital has secured two ergotron computers, marvellous pieces of

equipment which enable staff to gain all the vital data from patients almost instantly. Unfortunately the department did not

have carts to make the computers mobile so the Foundation sought the help of Sails Restaurant at Suttons Beach. Thanks

to the generosity of the restaurant's owners Airport Retail, two carts were purchased ($7300 each) and delivered to the ED.

12. ED - TVS AND PLAY EQ!)IPMENTThe Foundation was given a $10,000 donation by the Anthony John Group, builders of the Bluewater Plaza Shopping

Centre in Redcliffe's CBD. The money was used to install plasma TV screens, playground equipment and children's furniture

in the new emergency department.

13. CABOOLTURE TRAINING AND EDUCATION CENTRE (KABTEC)The Redcliffe Hospital Foundation in conjunction with Community Renewal, Queensland Housing and the PCYC organisation

is building a technical and education centre in Caboolture. Potential users include at-risk young people on court orders and

those at risk of entering the justice system, young people disengaged from formal education, people with mental health issues

and people with disabilities. The plan also makes provision for older members of the community who have been widowed or

left alone to pass on metal, woodworking, hospitality and other skills to younger participants.The program will evolve over time

as the needs of the area change and plans to establish centres in other areas are put into place. It is estimated that more

than $500,000 will be needed to complete the construction and fit-out of the Caboolture centre.

14. BRIBIE HOSPICE / DAY RESPITEThe Bribie and District Hospice Inc has expressed an interest in developing a formal partnership with the Redcliffe Hospital

Foundation to set up and operate a community cancer day respite centre on Bribie Island.

15. CHILD PROTECTION AWARENESS WEEKIn 2008 the Redcliffe Hospital Foundation decided to support this National Association for the Prevention of Child Abuse and

Neglect (NAPCAN) initiative by organising and underwriting a Family Fun Day at the Redcliffe Youth Space. Offering free

admission, rides, activities and entertainment the day was designed to facilitate the distribution of vital information to the parents,

guardians and carers of young children. The event was such a success, attracting more than 2500 visitors, that it has become

an annual event, with plans to expand its size and scope each year.

16. MORETON BAY INTEGRATED CARE CENTREIn partnership with the University of Qld School of Medicine and with the generous support of the Moreton Bay Regional Council,

the Redcliffe Hospital Foundation successfully applied to the federal government for funding to build and operate a GP Super

Clinic in Redcliffe. The new centre will also incorporate medical research and doctor training and accommodate a range

of specialist and ancillary health providers. It is to be built at the front of the Hospital on Anzac Avenue next to the current

Foundation office and is scheduled for completion in February 2010. The completed project is expected to cost more than

$25 million.


DONATIONS RECEIVED 2008 - 2009

Alison Swain

Len & Elaine Smith

Vicki Smith

Heather Cox

Sarina Kenzig

Reg Greentree

William Payne

Nicole Davenport

Reward Realty Pty Ltd

Debra Ward

Rebecca Millard

Suncity Roofing

R Stark

Sarah Ward

Lo Nugyen

Sue Davis

Catherine Blakeley

Mr Graham Hamilton

Kathy Hayes

Kelly Williamson

Philip Plant

Joy Simpson

Yvette D'Ath

St Columbins

Mary Cupitt

Mr & Mrs Bouzamayor

CBA Crick CBA OPC Sydney

Norma Kennedy

Redcliffe Leagues Club

Agnes Patterson

Maryanne Mallalieu

The University of Queensland

Drinx Pty Ltd (Belvedere Hotel)

LJ Hooker

Sarina Kersig


Brad Jones

Erica Juster

Zonta Club of Redcliffe Inc

Derek & Barbara Pearce

Rotary Club of Redcliffe City Inc

Angela 0' Day

Elizabeth Fitzpatrick

Fibre King Pty Ltd

E Buchanan

K Bray

Peter & Carolyne Kelly

Mr & Mrs McCann

Anne M Taylor

Joan Grange

D & E Barbour

Peter & Lillian Dolan

Frank & Dianne Spresser

Jim Finlay

Bill & Neta Alcorn

Gary & Desley Moody

Joan Stephensen

Ron Ellis

Beverley Went

Chris Sumpton

Bramble Bay Bowls Club

Bob Grimwade

Joan Reith

Edward Fennell

B & T Carlow

Jimele Rigby

Jason New

Mrs Betty Paxton 0 .A.M

Judy Wade

Vannida Douangboupha

Mr & Mrs Gordon Wills

Greg & Jenny Easlea

Tom Ganseman

Edna & Frank Catchpole

Neil Finlayson

Lena Garrett

Glenda Clayton

Mary Deputron

The Professionals Redcliffe

Meals on Wheels Redcliffe Inc.

Paul Woodcock

Trevor Fisher

Carl & Kay Misso

Allen & Margaret Evans

Ben Elliott

Silver Fawn Club Inc

Robert & Shirley Sutherland

David Grant

Gavin Christison

Ian Harding

Budget Car & Truck Rentals

Kathy Steel

Dudley & Beryl Shaw

Mark & Jacqueline Byrne

Noel & Gail Christison

Maureen Mclellan

National Seniors Association

Lorraine McQuade

Margaret Robinson

Mrs Ellie Doo

Mrs Richardson

Bob & Jennifer Bolewski

Scarborough Vet Surgery

Kate Sawyer

Florence Roberson

Elizabeth Fitzpatrick

Ashdale Integrity Solutions

Neil & Evelyn McBride

Patrick & Rosemary Leahy

Robin & Colleen Christison

Rita Kidd

Westpac - Morayfield Staff Club

Paul Boshler

John & Gloria Finnen

Penny Williams

Garrards Pty Ltd

Mr & Mrs Oysten

St Michael's

Megan Weier

Westpac Banking Corporation

Caboolture State School

Mrs Rowe

Mr & Mrs Davenport

GJ & EJ Kelly

Betty Currey.

Aim Lab Pty Ltd

William Barbour

M Milkins & L Cabassi

Mr & Mrs Leonard

Community Renewal

A Becker

Capital Wealth Management Pty Ltd

Sesame Lane Child Care Centre

QLD Country Womens Association

Moreton Bay General Practice

Network Inc

Redcliffe & District Medical

Association Inc

RE Dell FFE HOS PITAL FOU N DATION AN N UAL RE PORT 2008-09 11

FOUNDATION FRIENDS 2008 - 2009

PLATINUM

Aim Lab Pty Ltd

Ballycara Retirement Village

Belvedere Hotel

e - payday Pty Ltd

DIAMOND

Brosnan Golf Australia

Harcourts Ultimate Realty

Redcliffe RSL

The Office Suppliers

Traditional Funerals (Aust) Pty Ltd

Maddies Hermans Lifestyle Properties

Northstar Motor Group

Redcliffe & Bayside herald


The O'Keeffe Group

GOLD

Bramble Bay Bowls Club

East Coast Bullbars

Kallangur Day and Night Pharmacy

Pacreo Pty Ltd

Professionals Real Estate

Retail First Pty Ltd T/A Peninsula Fair

Shopping Centre

Think Pharmacy Kippa Ring

Think Pharmacy Redcliffe Day & Night

Think Pharmacy Redcliffe Gardens

Zande Law

SILVER

Lawrence O'keeffe

Ashley Printers

Bendix Business Furniture

Doug Morris Jewellers

EI Jay Engineering & Sons Pty Ltd

Jono Holdings Pty Ltd

JT Press

Mister Realestate

Nothling Bros Prime Meats

Polyworld

Quality Home Furnishers

TV Aerial Installations

GRANTS AWARDED 2007 -2008

Education on Intensified Breast Feeding and Metabolic Outcomes

12th World Congress of the World Federation for Ultrasound Medicine and Biology

Graduate Certificate in Nursing

Fetus as a Patient International Conference

Australian Sonographers Association Ltd Conference

Graduated Certificate in Rehabilitation

Redcliffe Emergency Department Children's Play Area

Christmas Gifts and Decorations

Redcliffe Hospital Auxiliary Signs

$ 3000.00

$ 3960.00

$ 416.00

$ 1990.00

$ 1160.00

$ 887.00

$ 2110.00

$ 450.00

$ 160.00

$14,133.00

12 RE DeLI FFE HOS PITAL FOUN DAT ION AN NUAL REPORT 2008-09

MR RON JELLICKDirector of Jellick Jones

Financial Services.

MR GARY TWEEDIEDirector of

Corporate Services forthe Redcliffe CabooltureHealth Service District.

MS MARY MONTGOMERYDistrict Manager,

Redcliffe-Caboolture HealthService District

(Resigned March 2009)

DR DONNAO'SULLIVAN

Executive Director andDirector of Medical Services

of the Redcliffe Hospital.(Joined March 2009)

CRALLAN SUTHERLANDCurrently mayor of

Moreton Bay RegionalCouncil.

MR JOEL HUDSONAdvertising Manager

Redcliffe andBayside Herald.

MR STEPHEN PRONKChief Executive Officer

Aimlab Pty Ltd a locally basedcompany producing laboratorytechnology for worldwise use.

MEET THE BOARD


DR BORIS CHERN (CHAIR)District Director Medical Oncology & Palliative Care. Redcliffe-Caboolture Health Services District

MRS JENNIFER ZAN DEPrincipal in Zande Law

a legal firm based at NorthLakes.

MR MARK ZGRAJEWSKIMr Zgrajewski is a solicitor with the

Office of Fair Trading and is the Chair ofthe Redcliffe Caboolture Health Service

District Ethics Committee.

MR NICK TZIMAS(DEPUTY CHAIR)

Owner of The Golden OxResturant and President ofthe Commerce & Industry

Redcliffe Peninsula.

THE REDCLIFFE HOSPITAL FOUNDATION(ABN 70 669 026 131)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2009

INDEX

.

15.

16.

16.

17-23.

24.

25-26.

Income Statement

Ba!ance Sheet

Statement of Changes in Equity

Cash Flow Statement

Notes to and Forming Part of the Financial Statements

Management Certificate

Independent Audit Report

This financial report covers The Redcliffe Hospital Foundation as an individual entity.

Principal place of business:

108 Anzac Avenue

Redcliffe Hospital

Redcliffe OLD 4020

INCOME STATEMENTFOR THE YEAR ENDED 30 JUNE 2009

Note 2009 2008$ $

Revenue 2 687,401 1,007,699

Other expenses 3 (737,737) (520,875)

(Deficit) surplus for the year (50,336) 486,824

The accompanying notes form part of these financial statements.



BALANCE SHEET

Note 2009 2008$ $

CURRENT ASSETS

Cash and cash equivalents 4 761,558 686,256

Trade and other receivables 5 57,555 34,816

Other current assets 6 5,077 2,478

7,965

39,786

39,786

731,515

691,729

691,729

691,729

723,550

47,476

230,273

230,273

641,393

641,393

641,393

871,666

824,190

8

7

AS AT 30 JUNE 2009


EQUITY

Accumulated Surplus

TOTAL EQUITY

NET ASSETS

CURRENT LIABILITIES

Trade and other payables

TOTAL CURRENT LIABILITIES

TOTAL ASSETS

NON-CURRENT ASSETS

Property, plant and equipment

TOTAL CURRENT ASSETS

STATEMENT OF CHANGES IN EQ!)ITYFOR THE YEAR ENDED 30 JUNE 2009

AccumulatedSurplus

$

Balance at 30 June 2007

Surplus for the year


Deficit for the year


204,905

486,824

691,729

(50,336)

641,393

CASH FLOW STATEMENTFOR THE YEAR ENDED 30 JUNE 2009

Note 2009 2008$ $

Cash flows from operating activities

Receipts from operations 900,628 956,054

Payments to suppliers and employees (809,103) (500,355)

Interest received 51,474 18,081

Net cash flow from operating activities 9 143,001 473,780

Cash flows from investment activities

Payments for property, plant and equipment

Net increase in cash held

Cash at the beginning of the year

Cash at the end of the year 4

(67,699)

75,302

686,256

761,558

(8,463)

465,317

220,939

686,256


16 REDCLlFFE HOSPITAL FOUNDATION ANNUAL REPORT 2008-09

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2009

1. STATEMENT OF ACCOUNTING POLICIES

The financial report is a general purpose financial report that has been prepared in accordance with Australian

Accounting Standards and interpretations, and the requirements of the Financial Administration and Audit Act 1977.

The financial report of The Redcliffe Hospital Foundation (the foundation) complies with all applicable Australian

equivalents to International Financial Reporting Standards (AeIFRS) where appropriate.

Reporting Basis and Conventions

The financial report has been prepared on an accruals basis and is based on the historical costs convention.

The financial statements are presented in Australian dollars which is the foundation's functional and presentation currency.

The following is a summary of the material accounting policies adopted by the foundation in the preparation of the

financial report. The accounting policies have been consistently applied, unless otherwise stated.

(a) Cash and cash equivalents

For the purpose of the cash flow statement, cash includes cash on hand and in banks, and other short-term

highly liquid investments with original maturities of three months or less, net of outstanding bank overdrafts.

(b) Goods and services tax

Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST), except

where the amount of GST incurred is not recoverable from the Australian Tax Office (ATO). In these circumstances

the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense.

Receivables and payables are stated with the amount of GST included.

The net amount of GST recoverable from, or payable to, the ATO is included as a current asset or liability in

the balance sheet.

Cash flows are included in the cash flow statement on a gross basis. The GST components of cash

flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are

classified as operating cash flows.

(c) Trade and other payables

These amounts represent liabilities for goods and services provided to the foundation prior to the end of the

financial year and which are unpaid. The amounts are unsecured and usually payable within 30 days of recognition.

(d) Taxation

The Redcliffe Hospital Foundation is a State body as defined under the Income Tax Assessment Act 1936

and is exempt from Commonwealth taxation with the exception of Goods and Services Tax (GST).

(e) Property, plant and equipment

Items of property, plant and equipment with a cost or other value equal or in excess of the following

thresholds are recognised for financial reporting purposes in the year of acquisition:

Plant & equipment

$

5,000

Depreciation: The depreciable amount of all fixed assets is depreciated on a straight-line basis over their

useful lives to the foundation commencing from the time the asset is held ready for use.

RE DC LL FF E HO SPITAL FOU N OAT ION AN N UAL RE PORT 2008-09 17


(e) Property, plant and equipment(continued)

The depreciation rates used are:

Plant and equipment 10 - 30%

The assets' residual value and useful lives are reviewed, and adjusted if appropriate, at each balance

sheet date.

(f) Revenue

Grants, donations and fund raising income that are non-reciprocal in nature are recognised as revenue in

the year in which the foundation obtains control over them. Unearned revenue is recognised until such time

as the oundation gains control over the funds received.

Revenue from the sale of goods is recognised upon the delivery of goods to customers.

Interest revenue is recognised taking into account the interest rates applicable to the financial assets.

Critical Accounting Estimates and Judgements

The management committee evaluate estimates and judgements incorporated into the financial report based on

historical knowledge and best available current knowledge. Estimates assume a reasonable expectation of future

events and are based on current trends and economic data, obtained both externally and within the foundation.

No critical accounting estimates or judgements have been made in the preparation of these financial statements.

2. REVENUE 2009 2008$ $

Interest 44,429 37,511

Donations 78,582 509,035

Fund raising 136,948 206,178

Subsidy 32,502 38,658

Sales 113,033 119,097

Bequests 47,220

Grants Received 281,693 50,000

Other 214

687,401 1,007,699



3. EXPENSES 2009$

Audit fees 6,939

Advertising 15,476

Bank charges 2,129

Community health initiatives 2,720

Consulting expenses 169,271

Depreciation 7,732

Employee benefit expenses 332,718

Equipment for resale 13,520

Fund raising expenses 58,007

General expenses 32,226

Insurance 5,954

Printing and stationery 12,122

Repairs and maintenance 10,173

School Based Trainees expenses 43,819

Staff initiatives 11,413

Telephone 3,127

Work for the Dole 10,391

737,737

2008$

7,526

6,823

4,339

10,388

499

274,566

4,629

145,116

23,255

5,895

9,911

1,279

10,055

2,952

3,093

10,549

520,875

Total external audit fees relating to the 2009 financial year are estimated to be $5,900. (2008 : $4,415).

There are no non-audit services included in this amount.

4. CASH AND CASH EQUIVALENTS

Petty Cash

Cash at bank

General account

Kabtec (Note 12)

Moreton Bay Integrated Care Centre (Note 12)

Term deposit (Macquarie Bank)

2009$

1,240

69,160

181,925

24,393

484,840

761,558

2008$

867

235,389

450,000

686,256

REDCUFFE HOSPiTAL FOUNDATION ANNUAL REPORT 2008-09 19


5. TRADE AND OTHER RECEIVABLES 2009 2008$ $

Trade debtors 24,061 14,733

Accrued interest 13,038 20,083

Deposits paid (Note 12) 20,456

57,555 34,816

6. OTHER CURRENT ASSETS

Prepayments

2009$

5,077

2008$

2,478

7. PROPERTY, PLANT AND EQUIPMENT

Motor vehicles at cost 43,191 5,151

Less Accumulated depreciation (5,983)

Plant and equipment at cost 7,679 300

Less Provision for depreciation (1,106) (40)

Furniture and fittings at cost 4,836 3,012

Less Accumulated depreciation (1,141) (458)

Total property, plant and equipment 47,476 7,965

RECONCILIATION

Motor Vehicles Plant & Equipment Furniture & Fittings Total

Balance 1 July 2007

Additions 5,151 300 3,012 8,463

Depreciation (40) (458) (498)

Balance 30 June 2008 5,151 260 2,554 7,965

Additions 38,040 7,379 1,824 47,243

Depreciation (5,933) (1,066) (683) (7,732)

Balance 30 June 2009 37,208 6,573 3,695 47,476



8. TRADE AND OTHER RECEIVABLES 2009 2008$ $

Sundry accruals 12,174 14,212

GST payable (1,061) 980

Payroll liabilities 24,158 16,534

Accrued annual leave entitlements 13,077 8,060

UNEXPENDED GRANT FUNDS (NOTE 12) 181,925

230,273 39,786

8. RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO(DEFICIT) SURPLUS FOR THE YEAR 2009 2008

$ $

(Deficit) surplus for the year (50,336) 486,824

Add back non-cash items

Annual leave 5,017 307

Depreciation 7,732 499

Changes in operating assets and liabilities

(Increase) decrease in trade and other receivables (2,283) (33,563)

Increase in trade and other payables 185,470 19,137

(Increase) decrease in prepayments (2,599) 576

Net cash provided by operating activities 143,001 473,780

10. FINANCIAL INSTRUMENTS

Financial Risk Management

The foundation's financial instruments consist mainly of deposits with banks, local money market

instruments, accounts receivable and payable.

The main risks the foundation is exposed to through its financial instruments is credit risk and interest risk.

Credit risk

The maximum exposure to credit risk at balance date to recognised financial assets, is the carrying

amount, net of any provisions for impairment of those assets, as disclosed in the balance sheet and

notes to the financial statements.

RE DC LL FFE HOS PITAL FOU N OAT ION AN N UAL RE PORT 2008-09 21


Interest rate risk

The foundation's exposure to interest rate risk and the effective interest rates of financial assets and

liabilities, both recognised and unrecognised at the balance date are as follows:

2009

(i) Financial assets

Cash

Receivables

Total financial assets

(ii) Financial liabilities

Payables

2008

Weighted average

interest rate

%

3.75

%

Floating

interest rate

$

760,318

760,318

$

Non interest

bearing

$

1,240

37,099

38,339

230,273

$

Total

$

761,558

37,099

798,657

230,273

$

(i) Financial assets

Cash

Receivables

Total financial assets

(ii) Financial liabilities

Payables

7.11 685,389 867 686,256

34,816 34,816

685,389 35,683 721,072

39,786 39,786

The net fair value of financial assets and liabilities approximate their carrying amounts.

11. SEGMENT REPORTING

'The foundation operates in one business and geographical segment.

12. PROJECT MANAGEMENT

At 30 June 2009 the Redcliffe Hospital Foundation was managing two major projects and the accounts

include these projects.

KABTEC: The Caboolture Technical and Education Centre (Kabtec) is being developed as a joint undertaking

of the Department of Housing (Community Renewal Program) and the Redcliffe Hospital Foundation, and will

provide educational and training opportunities for disadvantaged and special needs people in the community.

The Redcliffe Hospital Foundation is responsibie for financial management of the project and maintains detailed

records of income and expenditure and assets and liabilities for the project.

At 30 June 2009 a contract was in place to construct an industrial building to house the facilities at a total cost

of $112,512. A deposit was paid for the construction during the 2008/09 financial year (Note 5).

The land on which this building is to be constructed is leased to the Police Citizens Youth Club, and an

understanding is being negotiated between the parties to allow the construction of the building and use of the site.

22 REDCLlFFE HOSPITAL FOUNDATION ANNUAL REPORT 2008-09


A development application has been approved by the Moreton Bay Regional Council and a building approval application

has been made. Construction is expected to be completed early in 2010.

The accounts of the Redcliffe Hospital Foundation incorporate the following amounts that relate to the Kabtec project:

$

Income 95,530 Assets

Expenses 40,221 Liabilities

Surplus for the year 55,309 Equity

Liabilities include $181,925 of unspent State Government Grants.

Moreton Bay Integrated Care Centre

$

238,772

183,463

55,309

This project represents a development being co-ordinated by the Redcliffe Hospital Foundation to deliver a GP Super Clinic,

research and education facilities in conjunction with the University of Queensland and commercial medical services.

Commonwealth Government funding of the GP Super Clinic component of the development has been approved, subject to

satisfactory tenure over the land within the Redcliffe Hospital grounds. Suitable land is expected to be purchased from the

Department of Health in the 2010 financial year.

The Redcliffe Hospital Foundation is responsible for financial management of the project and maintains detailed records of

income and expenditure and assets and liabilities for the project.

The accounts of the Redcliffe Hospital Foundation incorporate the following amounts that relate to the Moreton Bay

Integrated Care Centre project:

$ $

Income 232,721 Assets 24,436

Expenses 230,316 Liabilities 22,031

Surplus for the year 2,405 Equity 2,405

13. EVENTS SUBSEQUENT TO REPORTING DATE

No event has arisen that would be likely to materially effect the operations for the foundation or the state of

affairs of the foundation not otherwise disclosed in the financial statements.

14. BOARD MEMBER REMUNERATION

The number of board members who received or were due to receive remuneration:

15.

$0 to $999

CONTROLLED ENTITIES

2009

10

2008

10

In February 2009, Kabtec Ltd ACN 135 626 194, a company limited by guarantee was established. The

board of directors consist of Boris Wee Chern, Stephen John Hart and Wayne Geoffrey Taylor. The company

was established to be the end recipient of Caboolture Technical and Education Centre. The company was

dormant at 30 June 2009, accordingly consolidated financial statements have not been prepared.

REDCLIFFE HOSPITAL FOUNDATION ANNUAL REPORT 2008-09 23


/c?J4{ ffi-C-t/$T ~(

Date

Chief Executive Officer

~r~Date

Chairperson

a) the prescribed requirements for establishing and keeping the accounts have

been complied with irlaTlmaterial respects; and

b) the statements have been drawn up so as to present a true and fair view, in

accordance with prescribed accounting standards, of the transactions of the

Redcliffe Hospital Foundation for the financial year ended 30 June 2009, and

of the financial position at the end of that year.

FOR THE YEAR ENDED 30 JUNE 2009

MANAGEMENT CERTIFICATE

These general purpose financial statements have been prepared pursuant to section

46F (1) of the Financial Administration and Audit Act 1977 (the Act), and other

prescribed requirements. In accordance with section 46F (3) of the Act, we certify that

in our opinion:

INDEPENDENT AUDITO~S

REPORTTO THE BOARD OF THE REDCLIFFE HOSPITAL FOUNDATION

REPORT ON THE FINANCIAL REPORT

I have audited the accompanying financial report of Redcliffe Hospital Foundation which

comprises the balance sheet as at 30 June 2009 and the income statement, statement

of changes in equity and cash flow statement for the year ended on that date, a summary

of significant accounting policies, other explanatory notes and certificates given by the

Chairperson and Chief Executive Officer of Redcliffe Hospital Foundation.

The Board's Responsibility for the Financial Report

The Board is responsible for the preparation and fair presentation of the financial

report in accordance with prescribed accounting requirements identified in the Financial

Administration and Audit Act 1977 and the Financial Management Standard 1997,

including compliance with applicable Australian Accounting Standards (including the

Australian Accounting Interpretations). This responsibility includes establishing and

maintaining internal controls 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 to express an opinion on the financial report based on the audit is

prescribed in the Auditor-General Act 2009. This Act, including transitional provisions,

came into operation on 1 July 2009 and replaces the previous requirements contained

in the Financial Administration and Audit Act 1977.

The audit was conducted in accordance with the Auditor-General of Queensland Auditing

Standards, which incorporate the Australian Auditing Standards. These auditing standards

require compliance with relevant ethical requirements relating to audit engagements and

that the audit is planned and performed 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

judgement, including the assessment of risks of material misstatement in the financial

report, whether due to fraud or error. In making those risk 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, other than in expressing an opinion on compliance with prescribed requirements.

An audit also includes evaluating the appropriateness of accounting policies and the

reasonableness of accounting estimates made by the Board, as well as evaluating the

overall presentation of the financial report including any mandatory financial reporting

requirements as approved by the Treasurer for application in Queensland.

I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for

my audit opinion.

REDCllFFE HOSPITAL FOUNDATlON ANNUAL REPORT 2008-09 25

26 RE DeLI FF E H 0 S PITA L F0 UNO AT ION ANN U A L REP 0 RT 2008 - 0 9

2009 and of the financial position as at the end of that year.

Uueensland Audit Uttice

Brisbane

G G Poole FCPA

Auditor-General of Queensland

The Redcliffe Hospital Foundation established a controlled entity, Kabtec Limited (a dormant

public company limited by guarantee), on 27 February 2009 without the prior approval of

the Minister. Section 15 of the Hospitals Foundations Act 1982 requires the Foundation to

obtain the approval of the Minister prior to entering into such an arrangement.

In my opinion, by not obtaining the requisite approval prior to the formation of the company,

the Foundation has not complied with the prescribed requirements in respect of the

establishment of accounts.

Qualified Auditor's OpinionIn accordance with sAO of the Auditor-General Act 2009, except for the matters identified

in the preceding paragraphs and the effect of such adjustments, if any, as may have been

determined to be necessary had I been able to satisfy myself as to the completeness of

donation revenue, I certify that -

(a) I have received all the information and explanations which I have required; and

(b) in my opinion -

(i) the prescribed requirements in respect of the establishment and keeping

of accounts have been complied with in all material respects; and

(ii) the financial report has been drawn up so as to present a true and fair view,

in accordance with prescribed accounting standards of the transactions of

the Redcliffe Hospital Foundation for the financial year 1 July 2008 to 30 June

Basis for Qualified Auditor's OpinionDonations, reported in Note 2 as $78,582 (2008: $509,035), are a significant source of

revenue for the Redciiffe Hospital Foundation. Due to the inherent nature of the donations

received, the Foundation has determined that it is impracticable to establish control over

the collection of donations prior to the entry into its financial records. Accordingly, as the

evidence available to me regarding revenue from this source was limited, my audit

procedures with respect to donations had to be restricted to the amounts recorded in the

financial records. I am therefore, unable to express an opinion on the completeness of

donation revenue and whether all donations received by the Foundation have been brought

to account and recorded in the Financial Report. My report for 2007-08 was also qualified

on this basis.

IndependenceThe Auditor-General Act 2009 promotes the independence of the Auditor-General and

QAO authorised auditors. The Auditor-General is the auditor of all Queensland public

sector entities and can only be removed by Parliament.

The Auditor-General may conduct an audit in any way considered appropriate and is

not subject to direction by any person about the way in which audit powers are to be

exercised. The Auditor-General has for the purposes of conducting an audit, access to

all documents and property and can report to Parliament matters which in the Auditor

General's opinion are significant.

Partnering with community in the Moreton Bay Region

ABI-.J 70669026 131

108 Anzac Avenue Redcliffe Queensland 4020

Postal Address: Locked Mail Bag 1 Redcliffe Queensland 4020

Telephone: 07 3883 7105

Hours: Monday - Friday 8.30 am - 4 pm

Website: www.rhfoundation.com.au

partnering with community in the moreton bay region...field of health administration, dental health,...

Documents