the national trust of australia (new south wales)

THE NATIONAL TRUST OF AUSTRALIA

(NEW SOUTH WALES)

ABN 82 491 958 802

GENERAL PURPOSE ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2016

This Financial Report was authorised for issue by the Board of Directors on 29 September 2016

The directors have the power to amend and re-issue the Financial Report.

CONTENTS

DIRECTORS’ REPORT ................................................................................................................................... 1 DIRECTORS’ QUALIFICATIONS, EXPERIENCE AND SPECIAL RESPONSIBILITIES ........................................... 5 AUDITOR’S INDEPENDENCE DECLARATION ............................................................................................... 9 INDEPENDENT AUDITOR’S REPORT .......................................................................................................... 10 DIRECTORS’ DECLARATION....................................................................................................................... 12 PRINCIPAL OFFICER DECLARATION – CHARITABLE FUNDRAISING ACT 1991........................................... 13 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME ................... 14 CONSOLIDATED STATEMENT OF FINANCIAL POSITION ........................................................................... 15 CONSOLIDATED STATEMENT OF CHANGES IN ACCUMULATED FUNDS................................................... 16 CONSOLIDATED STATEMENT OF CASH FLOWS ........................................................................................ 17 NOTES TO AND FORMING PART OF THE ACCOUNTS ............................................................................... 18 SUPPLEMENTAL SCHEDULES (UNAUDITED) ............................................................................................. 35

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THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) DIRECTORS’ REPORT

30 JUNE 2016 The Directors present their report together with the consolidated financial statements for the consolidated entity consisting of The National Trust of Australia (New South Wales) (“the Trust”) and the entities it controlled at the end of or during the year ended 30 June 2016, and the auditor’s report thereon. As part of the long term funding strategy of the Trust, to preserve capital contributions received from third parties and proceeds from sale of Trust properties, a new structure was set up on 19 March 2013, consisting of a trustee company and two trusts. The Trustee Company is known as National Trust of Australia (NSW) Heritage Foundation Limited. Trusts are known as the National Trust of Australia (NSW) Heritage Foundation Trust (‘Heritage Foundation’) and National Trust of Australia (NSW) Heritage Foundation Ancillary Fund (‘Ancillary Trust’). These entities form part of the consolidated entity.

Directors

The Directors noted below held office during the whole of the financial year and to the date of this report, unless indicated below. The Board met on 8 occasions during the year and the number of meetings attended by each of the Directors during the financial year was as follows:

Meetings attended

Meetings Held while in Office

Ian Carroll OAM - President until 9 December 2015, resigned as Director on 31 January 2016 4 5 Dr Clive Lucas OBE - appointed President on 9 December 2015 7 8 Brian Powyer - appointed Deputy President on 9 December 2015 8 8 Professor Ross Griffith - Deputy President until 28 November 2015 3 3 Neil Wykes OAM, Treasurer 7 8 Pauline Adraskaslas 6 8 Kate Dezarnaulds 6 8 Hon. Garry Downes AM QC - elected 28 November 2015 5 5 Susan Hunt - appointed 30 March 2016 2 2 Meredith Hutton 8 8 Alan Kerr 7 8 Raj Nanda – resigned 28 November 2015 3 3 Keith Parsons 7 8 John Richardson 7 8 Brian Scarsbrick AM, Executive Director 8 8 Ian Stephenson 7 8

Kate Dezarnaulds, Meredith Hutton, Clive Lucas, Keith Parsons and Brian Powyer were re-elected and Garry Downes was newly elected by the members in November 2015. Dr. Clive Lucas OBE was elected as President, Brian Powyer was elected as Deputy President and Neil Wykes OAM was re-elected as Treasurer in December 2015 by the Directors. The Executive Director does not participate in these elections. The qualifications, experience and special responsibilities of Directors are set on pages 5 to 8. Corporate Governance The election of Directors held in November 2015 produced eight candidates for the six available positions on the Board. Therefore, an election of Board Directors was held. As a result, six sitting members sought re-election and five were returned. One new Director was elected. The Finance, Audit and Risk Management Committee as well as many technical, fundraising, conservation and other volunteer committees continued to support the management of the consolidated entity during the year. Those committees at 30 June 2016 are recognised within the published Annual Review and a list is available on the consolidated entity’s public website.

THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) DIRECTORS’ REPORT (continued)

30 JUNE 2016

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Finance, Audit and Risk Management Committee Members of the Finance, Audit and Risk Management Committee are shown below. All were members for the whole year unless otherwise stated. The number of meetings attended is shown below:

Meetings Attended

Meetings Held while a Member

Neil Wykes OAM, Chair 9 10 Ian Carroll OAM - resigned 9 December 2015 3 3 Dr Clive Lucas OBE - appointed 9 December 2015 4 6 Brian Powyer - appointed 16 February 2016 3 5 John Richardson 9 10 Gary Hoare 9 10 Robyn Milner 10 10 Brian Scarsbrick AM 10 10

Short and long-term objectives and strategy The consolidated entity’s short and long-term objectives are:

• to be trusted as a leading independent guardian of Australia’s built, cultural and natural heritage, and defender of our sense of place and belonging in a changing world;

• to advocate for the conservation of our built, cultural and natural heritage by engaging with the community and government;

• to conserve and protect our built, cultural and natural heritage by example, advice and support; and

• To educate and engage the community by telling our stories in ways that awaken a sense of place and belonging.

The consolidated entity’s strategies for achieving these objectives include the following:

• to lobby, facilitate, promote and raise awareness to protect our built, cultural and natural heritage;

• to conserve, maintain, preserve or restore the Trust’s buildings, landscapes and collections for current and future generations and advise and facilitate others on conservation techniques;

• to use properties, collections and intellectual expertise to develop formal education and lifelong programs to encourage people of all ages to understand and relate to our heritage;

• to manage and enhance the Trust’s reputation and communication with its audience, and maximise its brand and marketing to support the consolidated entity’s goals;

• to recruit, retain, involve and galvanise the Trust’s members and supporters;

• to initiate, undertake and support fundraising activities and generate commercial income from business activities;

• to support the consolidated entity’s Board, staff and volunteers so they can work efficiently and effectively and optimise and maintain assets; and

• To comply with legal and regulatory requirements, management of risks, policies, constitution and values.

THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) DIRECTORS’ REPORT (continued)

30 JUNE 2016

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Principal Activities The Trust is a community based statutory body and a charity which works to protect Australia’s heritage through advocacy, conservation and education within New South Wales. As independent charitable organisations, the Trust and the entities the Trust controls are supported by memberships, donations, sponsorships, bequests and volunteers. The work of the Trust’s employees complements the estimated over 140,000 hours spent by volunteers to conserve and interpret heritage for the people of New South Wales.

The consolidated entity’s principal activities during the year included:

• Advocacy issues included the proposed closure of the Ultimo Powerhouse Museum, the Sirius Building in the Rocks, nomination of The Rocks for the State Heritage Register, the National Art School (old 1823 Darlinghurst Gaol), former Coptic Church, Sydenham, St Johns Anglican Church at Darlinghurst, Cliefden Caves State Heritage Register Listing proposal, continuing National Trust Register Audit and development of Trust Policies and Position Papers, continuing impacts of the WestConnex Motorway, Millers Point sale of properties, Thompson Square at Windsor, the North Parramatta Development, Sydney Opera House and Sydney Modern (Art Gallery of NSW) and the destruction of trees along Anzac Parade.

• Seeking and receiving $878,145 in specific and general purpose grants;

• Seeking and receiving from the NSW Office of Environment & Heritage - Heritage Branch a grant of $450,000 over three years ($65,248 received in 2016) to be used for conservation works on Trust properties that are State owned heritage assets;

• Fundraising through gifts, donations, legacies, annual appeals and regular giving programs;

• Providing direct assistance to clients in the management of native bushland through Bush Management Services bush regeneration contracts;

• Operating a trading enterprise that comprises a number of shops, function facilities, art galleries and heritage properties. Income and interest in heritage is raised by events, gallery and property visitation (155,386 visitors in 2016 and 144,570 visitors in 2015), and inspections and guided tours which are conducted by staff and volunteers. The consolidated entity also raised funds from the commercial rental of some properties;

• Helping the community to fund the conservation of significant heritage through Trust-endorsed conservation appeals;

• Conducting the 22nd annual National Trust Heritage Awards;

• The receipt of eight bequests totaling $1,519,713;

These activities have assisted the consolidated entity in achieving its objectives by enabling it to:

• Raise $27 million in revenue;

• Fund major advocacy programs; and

• Connect with communities.

THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES)

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DIRECTORS’ QUALIFICATIONS, EXPERIENCE AND SPECIAL RESPONSIBILITIES

30 JUNE 2016

Name Qualifications Experience Special responsibilities

Dr Clive Lucas OBE

B.Arch., D.Sc. (Arch.) (honoris causa) Sydney L.F.R.A.I.A, F.R.S.A

Restoration Architect and Consultant Clive Lucas, Stapleton and Partners Pty Ltd, Sydney. Former Vice President of the National Trust. Former Chairman and Trustee of the Historic Houses Trust of NSW. Former chairman Australia ICOMOS.

President (appointed 9 December 2015) Member of the Collection Committee. Member of the Properties Committee.

Ian Carroll OAM BA LLM (Hons) Retired Partner of national legal firm Clayton Utz. Former Director of companies in the insurance, reinsurance, manufacturing, industrial and wholesaling sectors. Former President of UNICEF Australia. Former Chair and/or member of the governing bodies of, or adviser to, other not-for-profit organisations in the welfare, educational and sporting sectors.

President (Retired 9 December 2015) Member of Finance, Audit and Risk Management Committee. Chair of Trust Honours Committee.

Brian Powyer Bachelor of Arts Education B.A. (Ed) Graduate Diploma Educational Administration (Grad. Dip. Ed. Admin) Advanced Diploma Tourism (Ad. Dip Tourism)

Chair Parramatta Branch of National Trust Chair Bidjigal Reserve Trust Board Chair Board of Parramatta College Chair Parramatta and District Historical Society Secretary Institute of Senior Educational Administrators Secretary Parramatta Heritage Partners Group Secretary Association of Retired Primary Principals Secretary Excelsior Park Bushland Society Member Parramatta City Council Heritage Advisory Committee Member The Hills Shire Council Bushland Conservation Committee Former Assistant Director Curriculum NSW Dept. Education

Deputy President (appointed 9 December 2015) Chair Education Committee Member Conservation Policy Task Force

Professor Ross Griffith

BSc (Hons) PhD, CText, FTI, M.A.A.F.S

Member of the Governing Council of the Smith Family. Former Director of the Smith Family. Former Member, Academic Board, University of NSW. Former Director Textile Academia (Switzerland) and Chairman, Asia Pacific Zone. Emeritus Professor – University of NSW and Adjunct Professor, RMIT University. Honorary Dean of Emeriti, UNSW.

Deputy President (Retired 28 November 2015) Member of Properties Committee. Member of S.H. Ervin Gallery Advisory Committee. Chair of Governance Task Force

THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) DIRECTORS’ QUALIFICATIONS, EXPERIENCE AND SPECIAL

RESPONSIBILITIES (continued) 30 JUNE 2016

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Neil Wykes OAM

B Com, FCA, ACSA, ACIS

General Manager, Audit and Risk, Ramsay Health Care Limited. International Vice President, Variety International, The Children’s Charity. Company Secretary, Variety Australia, The Children’s Charity. Retired partner of international accounting firm Ernst & Young.

Treasurer Chair of Finance, Audit and Risk Management Committee.

Pauline Adraskelas

B. Bus, LLB (Hons). Admitted as a solicitor of the Supreme Court of NSW. Admitted as a solicitor of the Federal Court and the High Court of Australia.

Senior Associate, Addisons. Over 10 years’ experience in planning and environment law.

Member of Landscape Conservation Committee

Kate Dezarnaulds

BArtTh UNSW MA Art Business, Sotheby's Institute, London

Head of Partnerships for TEDxSydney. Business Development & Marketing Consultant in the Cultural and Creative Industries. Director Underbelly Arts. Former Director Art Month Sydney. Former Member of South Coast Tourism Board.

Member Marketing Sub Committee. Member SH Irvin Gallery Committee.

Hon. Garry Downes AM QC

B.A., LL.B., F.C.I.Arb.

Barrister and Queens Counsel Retired President of the Administrative Appeals Tribunal Retired Justice of the Federal Court of Australia Member of the Historic Buildings Committee of the National Trust

Member of the Built Heritage Conservation Committee and the Governance Task Force

Susan Hunt

BA,MA (First Class Honours in Fine Arts)

Board member, C.B. Alexander Foundation for 'Tocal' Agricultural College Executive Director, the State Library of NSW Foundation Former Deputy Director, Historic Houses Trust· Former General Manager Properties, Historic Houses Trust· Former Head Curator, Museum of Sydney

Chair of a strategic Planning Committee



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Meredith Hutton BA, MA (Merit), Dip. 18th & 19th Century Decorative Arts

Consultant Historical Archaeologist/Heritage Consultant. Member of Wollongong Council Heritage Advisory Committee and the Old Court House Management Committee. Former Specialist Archaeologist for the Heritage Council of NSW & Secretary of the Heritage Council of NSW Archaeological Advisory Committee Former Heritage Council representative on the MWS&DB. liaison Committee, Former Convenor of the History Sub-committee of the University of Sydney Women’s College Summer School Committee.

Member of the Illawarra and Shoalhaven Branch.Member of Honours Committee. Member of Collections Committee. Member of Heritage Awards Committee.

Alan Kerr

FCA, CTA, AGIA, BCom (NSW)

Principal of Alan Kerr & Co. Retired partner of international accounting firm KPMG. Current Director of 5 Large Private companies Former Senior Active Apexian Former Vice chairman of Ku-ring-gai Life Education.

Chair of Marketing Committee.

Raj Nanda

B.Ec, MBA, MAICD, NCJV (Fine Arts)

Managing Director – Nanda Hobbs Contemporary Director – Bikes For Bush Foundation Advisory Board – Creative Services Support Group Advisory Board – Australian Institute of Technology and Management Current Director of a number of Private companies

Member of Marketing Committee. (Retired 28 November 2015)

Keith Parsons B. Sc. 4 Year Trained NSW Teaching Certificate.

Former Chair of the Newcastle Strategic Heritage Committee. Former Board Member of the Hunter Heritage Centre, Newcastle Workers’ Health Centre and Newcastle Regional Art Gallery Foundation. Former vice president of the Parks and Playgrounds Movement and Newcastle Gallery Society. former Newcastle City Councillor and Deputy Lord Mayor Hon. Life Member of National Trust and Newcastle Teachers Association. Member Coal River Working Party (Newcastle University) Member Save Our Rail Inc.

Chair of Hunter Regional Committee. Member of the Built Heritage Conservation Committee. Member of the Conservation Policies Task Force.

John Richardson B Arch Director of Cox Richardson Architects. Board Member of the Australian Services Round Table. Former President of the Royal Australian Institute of Architects (NSW Chapter). Former Board Member, Board of Architects, NSW, Australian Institute of Steel Construction, Sydney Harbour Design Review Panel and Sydney Cove Authority.

Member of Finance, Audit and Risk Management Committee. Member of Properties Committee. Chair of the Conservation Policies Task Force.



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Brian Scarsbrick AM

BA, Biological and Earth Sciences (Macq) H.D.A Hawkesbury Agricultural College

Inaugural CEO and 20 years as CEO of Landcare Australia Board Director Wetland Care Australia Board Director Carbon Smart Member of the Interim Council of Freshwater Studies. Regional Director of Agriculture and Fisheries. Former District Agronomist with NSW Agriculture. Churchill Fellowship to study Sustainable Agriculture.

Chief Executive Officer Member of Finance, Audit and Risk Management Committee. Ex officio Member on all Trust Committees

Ian Stephenson BA, Postgraduate Diploma in Museum Studies

Over 20 years experience in historic place management, heritage advocacy and museums including involvement in historic building management, advocacy, town planning issues, conservation planning, securing grant funding, implementing large scale works programs and liaising with Government Departments and members of Parliament. Trustee Copland Foundation Former Trust Senior Curator. Former Director – Historic Places (National Trust of ACT) Former CEO of The National Trust of South Australia. University Curator at the University of New England.

Member of Saumarez Advisory Committee. Chair of Properties Committee.

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ABN 82 491 958 802

AUDITOR’S INDEPENDENCE DECLARATION

We declare that, to the best of our knowledge and belief, there have been no contraventions of any applicable code of professional conduct in relation to the audit of The National Trust of Australia (New South Wales) (the “Trust”) for the year ended 30 June 2016. This declaration is in relation to the Trust and the entities it controlled during the year ended 30 June 2016. Sydney, NSW HLB Mann Judd 29 September 2016 Chartered Accountants

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ABN 82 491 958 802

INDEPENDENT AUDITOR’S REPORT

To the members of The National Trust of Australia (New South Wales): We have audited the accompanying financial report of The National Trust of Australia (New South Wales) (“the Trust”), which comprises the consolidated statement of financial position as at 30 June 2016, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in accumulated funds and the consolidated statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration, for the consolidated entity. The consolidated entity comprises The National Trust of Australia (New South Wales) and the entities it controlled at the year’s end or from time to time during the year. Directors’ Responsibility for the Financial Report The directors of the Trust are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Australian Charities and Not-for-profits Commission Act 2012 (“the Act”) and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about 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 the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Trust’s preparation of the financial report that gives a true and fair view 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 Trust’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. Our audit did not involve an analysis of the prudence of business decisions made by directors or management. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Independence In conducting our audit, we have complied with the independence requirements of the Act.

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ABN 82 491 958 802

INDEPENDENT AUDITOR’S REPORT (continued)

Opinion In our opinion: (a) the financial report of The National Trust of Australia (New South Wales) is in accordance with Division

60 of the Australian Charities and Not-for-profits Commission Act 2012, including:

(i) giving a true and fair view of the Trust’s financial position as at 30 June 2016 and its performance for the year ended on that date;

(ii) complying with Australian Accounting Standards – Reduced Disclosure Requirements and the Australian Charities and Not-for-profits Commission Regulation 2013;

(b) we have been given all information, explanation and assistance necessary for the conduct of the audit;

(c) the Trust has kept financial records sufficient to enable a financial report to be prepared and audited; and

(d) the Trust has kept other records as required by Part 3.2 of the ACNC Act.

(e) The financial report of The National Trust of Australia (New South Wales) is in accordance with the provisions of the Charitable Fundraising Act 1991 and the regulations thereto. Any money received as a result of fundraising appeals conducted during the financial year has been properly accounted for and applied with the following provisions:

(i) the financial report and associated records have been properly kept during the financial year in accordance with the provisions of the Charitable Fundraising Act 1991 and the Regulations thereto; and

(ii) at the date of this statement there are reasonable grounds to believe that the Trust will be able to pay its debts as and when they fall due.

Sydney, NSW HLB Mann Judd 12 October 2016 Chartered Accountant


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CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE YEAR ENDED 30 JUNE 2016

Notes 2016

$ 2015

$ Bequests 1,519,713 2,419,169 Bushland management income 2,272,451 1,377,472 Conservation services 215,759 190,161 Donations 17 434,436 553,997 Enterprises 815,870 739,034 Fundraising and event income 1,099,505 820,031 Gift – Retford Park property 17,350,000 - Grant revenue 3 804,281 791,915 Investment income 562,653 604,109 Membership income 661,652 646,264 Merchandising 928,741 636,814 Museum visitation income 804,770 660,737 Sponsorships 21,700 3,500 Total revenue 27,491,531 9,443,203 Gain on revaluation of investments 7 (272,714) 443,670 Total other income (loss) (272,714) 443,670 ACNT levy 63,626 52,475 Advertising and promotion 159,691 63,784 Audit and accounting fees 50,794 45,950 Bushland management – employee costs and expenses 1,524,026 893,663 Cost of merchandising 668,190 435,855 Depreciation 8 94,490 102,769 Employee costs and expenses 3,565,385 3,126,241 Event expenses 851,652 489,782 Insurances 194,076 197,230 Legal and consultancy fees 275,491 161,980 Loss on sale of property 96,915 - Other office and administration 615,170 455,611 Postage and printing 281,021 214,035 Repairs and maintenance 978,491 1,129,243 Utilities and rates 196,356 209,403 Total expenses 9,615,374 7,578,021 Surplus (deficit) for the year 17,603,443 2,308,852 Other comprehensive income - - Total comprehensive income 17,603,443 2,308,852

The accompanying notes form an integral part of these consolidated financial statements.


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CONSOLIDATED STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 30 JUNE 2016

Notes 2016

$ 2015

$ Cash & cash equivalents 12 238,934 331,655 Cash – Heritage Foundation 4 10,920 24,953 Cash – restoration appeals 13 2,736,133 2,782,899 Receivables 5 619,619 651,787 Prepayments 68,739 213,259 Inventories 6 232,437 203,388 3,906,782 4,207,941 Assets classified as held for sale 8 296,250 475,000 Total current assets 4,203,032 4,682,941 Other financial assets 7 12,183,562 11,384,568 Property, collections and equipment 8 68,450,487 51,323,857 Total non-current assets 80,634,049 62,708,425 Total assets 84,837,081 67,391,366 Accounts payable 853,218 956,025 Deferred income & unexpended grants 9 766,646 893,304 Employee entitlements 10 600,622 535,677 Restoration appeals 13 2,736,133 2,782,899 Total current liabilities 4,956,619 5,167,905 Deferred income 9 95,604 88,296 Employee entitlements 10 155,247 108,997 Total non-current liabilities 250,851 197,293 Total liabilities 5,207,470 5,365,198 Net assets 79,629,611 62,026,168 Retained surplus 22 43,332,275 25,728,832 Reserves 22 36,297,336 36,297,336 Total accumulated funds 79,629,611 62,026,168



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CONSOLIDATED STATEMENT OF CHANGES IN ACCUMULATED FUNDS FOR THE YEAR ENDED 30 JUNE 2016


Restricted Surplus

Unrestricted Surplus

Retained Surplus

Reserves Total Funds

$ $ $ $ Total accumulated funds at 30 June 2014 2,960,249 20,459,731 23,419,980 36,297,336 59,717,316 Surplus for the year ended 30 June 2015 357,636 1,951,216 2,308,852 - 2,308,852 Total accumulated funds at 30 June 2015 3,317,885 22,410,947 25,728,832 36,297,336 62,026,168 Surplus/(deficit) for the year ended 30 June 2016 (50,519) 17,653,962 17,603,443 - 17,603,443 Total accumulated funds at 30 June 2016 3,267,366 40,064,909 43,332,275 36,297,336 79,629,611


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CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2016

Notes

2016 $

2015 $

Cash flows from operating activities Cash receipts in the course of operations 8,482,476 7,186,428 Bequests received 1,519,713 2,419,169 Cash payments in the course of operations (9,762,148) (7,693,988) Interest received 22,465 32,586 Net cash inflows from operating activities 262,506 1,944,195 Cash flows from investment activities Proceeds from property, plant & equipment 378,085 - Proceeds from investments 1,057,586 678,411 Payments for property, plant & equipment (19,970) (533,391) Acquisition of Investments (1,770,928) (1,830,734) Net cash outflows from investing activities (355,227) (1,685,714) Net increase/(decrease) in cash & cash equivalents (92,721) 258,481 Cash & cash equivalents at the beginning of the financial year 331,655 73,174 Cash & cash equivalents at the end of the financial year 12 238,934 331,655



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NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

The following significant accounting policies have been adopted in the preparation of these consolidated financial statements. These policies have been consistently applied to all the years presented unless otherwise stated. These financial statements are for the group consisting of The National Trust of Australia (New South Wales) (the “Trust”) and its subsidiaries.

(a) Basis of Preparation The National Trust of Australia (New South Wales) is a statutory body and a statutory corporation constituted by the National Trust of Australia (New South Wales) Act 1990 (“the National Trust Act”). These general purpose financial statements have been prepared in accordance with Australian Accounting Standards (“AASBs”) and Interpretations issued by the Australian Accounting Standards Board, the Australian Charities and Non-for-profits Commission Act 2012 and the National Trust Act and Rules.

i. Historical Cost Convention They have been prepared on the basis of historical costs and do not take into account changing money values or, except where stated, current valuations of non-current assets.

ii. Compliance with Australian Accounting Standards – Reduced Disclosure Requirements

The financial statements comply with Australian Accounting Standards as issued by the Australian Accounting Standards Board (“AASB”).

(b) Principles of Consolidation The consolidated financial statements incorporate the assets and liabilities of the Trust and the entities it controls as at 30 June 2016 and the results of all such entities for the year then ended. The Trust and the entities it controls together are referred to in these financial statements as the group or the consolidated entity. The Trust controls entities when the Trust is exposed, or has rights, to variable returns from its investment with the entity and has the ability to effect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are de-consolidated from the date that control ceases. Intercompany transactions, balances and unrealised gains on transactions between group entities are eliminated. On 19 March 2013 the group formed a company limited by guarantee (“the Trustee”) and two Trusts, for the purpose of raising contributions and investing and limiting the distribution of revenues from the sale of properties and fundraising. These entities are consolidated, as the substance of the relationship is that the entities are controlled by the Trust. Refer Note 21.

(c) Revenue Recognition Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net of returns and allowances.


NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 (continued)

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NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (continued)

(c) Revenue Recognition (continued) The group recognises revenue when the amount of revenue can be reliably measured, it is probable that the future economic benefit will flow to the entity and specific criteria have been met for each of the group’s activities as described below. The group bases its estimates on historical results, taking into consideration the type of customer/service, the type of transaction and the specifics of each arrangement. The specific accounting policies for the group’s main type of revenue are explained below. Sales Revenue: Sales revenue is recognised when the goods are provided, or when the fee in respect of services provided is receivable.

Revenue: Interest income and rent are recognised as they accrue. Donations/Bequests/Gifts: Donations/bequests/gifts are recognised when received. Membership Subscriptions: One year subscriptions are recognised when received. Three year subscriptions are treated as annual subscriptions paid in advance; the first annual subscription is recognised when due with the remainder in advance being deferred to be recognised on the subsequent anniversary of the membership due date until the deferred amount is fully utilised. Other Revenue: Revenue recognition policies for grants and investments are described in Accounting Policy notes (d) and (g) respectively.

(d) Grants Both specific and general purpose grants are recognised as revenue when due and receivable. If all funds received in respect of any grant that is refundable are not spent in the financial year of receipt, the unspent portion is carried forward as a liability until the grant is fully expended.

(e) Taxation The Trust has been granted exemption from: • Income tax; • Payroll tax; • Land tax; and • Stamp duty. The Trust is listed by name as a Deductible Gift Recipient covered by item 1 of the table in section 30-15 of the Income Tax Assessment Act 1997.

(f) Receivables Trade debtors and other receivables are carried at amounts due. The collectability of debts is assessed at balance date and a specific provision is made for any doubtful debts.



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(g) Financial Assets at Fair Value through Profit or Loss Financial assets at fair value through profit or loss are initially recorded at cost, and subsequently carried at market value, with changes in value recorded in profit or loss. Dividends and Distributions are recognised as revenue when the right to receive revenue is established. (h) Land, Buildings and Collections Land and Buildings: Freehold land and buildings are recorded at cost, or at valuation when received by way of bequest. In certain instances, the Trust obtains an economic benefit from the use of land and buildings that are not owned by it but are held by it on behalf of the owner. Where a right to use such land and buildings vests, the Trust holds the land and buildings as custodian. Improvements to land and buildings are recorded at cost (including assets revalued prior to 1 July 2000 which are now deemed to be at cost in accordance with AASB 1041 Revaluation of Non-Current Assets, which was applied at that time). If land and/or buildings are sold, the effective date of sale for accounting purposes is the date on which the transaction is settled. Collections: Museum collections are carried at fair value. Independent valuations are undertaken from time to time and are considered by the Directors when determining fair value. (i) Depreciation Plant, Equipment and Furniture: Items of plant, equipment and furniture are depreciated on a straight line basis over their estimated useful lives. Assets are depreciated from the date of acquisition. The range of useful lives used is 3 to 20 years, represented by the following depreciation rates:

Computers and related technology based equipment 33.3% Plant and other general equipment – heavy use 33.3% Plant and other general equipment – moderate use 20.0% Plant and other general equipment – light use 6.6% Motor vehicles 20.0% Furniture & fittings 5.0% - 10.0% Non-heritage buildings 5.0%

Historic Buildings and Collections: Due to the historic nature of the Trust's buildings and collections, no depreciation expense is charged in respect of these assets. Operating Leases: Payments made under operating leases are expensed on a straight line basis over the term of the lease.



21


(j) Payables Liabilities are recognised for amounts to be paid in the future for goods and services received. Trade accounts payable are normally settled within the payment terms (k) Inventories Inventories are carried at the lower of cost and net realisable value. (l) Employee Entitlements Wages, Salaries and Annual Leave: Liabilities for employee entitlements to wages, salaries and annual leave represent present obligations resulting from employees’ services provided up to the reporting date, calculated at amounts based on expected future wage and salary rates including related on-costs. Long Service Leave: The liability for long service leave expected to be settled within 12 months of the reporting date is recognised and measured in accordance with “annual leave” above, including on-costs. The liability for long service leave expected to be settled more than 12 months from the reporting date, including on-costs, is recognised, and is measured based on remuneration rates current as at balance sheet date for all employees with five or more years of service. The Directors believe that this method provides an estimate of the liability that is not materially different from the estimate that would be obtained by using the present value basis of measurement.

NOTE 2: LONG TERM VIABILITY/GOING CONCERN The consolidated financial statements have been prepared on a going concern basis. The Trust’s consolidated financial statements show that at 30 June 2016 the group had consolidated net assets of $79.6 million (2015: $62.0 million), earned a surplus for the year of $17,603,443 (2015: $2,308,852), and at 30 June had Current Assets (excluding Cash – Restoration Appeals) of $1,466,899 (2015: $1,900,042) and Current Liabilities (excluding Restoration Appeals and Deferred income and unexpended grants of $1,480,957 (2015: $1,491,702). Included as Non-Current assets are “Other Financial Assets” of $12.1 million, which consists of highly liquid investments, which can be used in the management of cash flows of the group, should this be required. $7.76 million of that amount is restricted, as outlined in Note 7.



22

NOTE 2016

$ 2015

$ NOTE 3: GRANT INCOME

Federal Government Grants: Department of Environment - 434,478 State Government Grants NSW Heritage Branch – Department of Planning 345,647 232,076 Office of Environment and Heritage - Heritage Division 285,000 - NSW Office of Communities – Community Building Partnership 21,450 5,764 Department of Education and Communities – Community Building Partnership

- 34,311

Arts NSW - 12,908 National Library of Australia 9,600 - Federal Department of Veterans’ Affairs - 2,802 661,697 287,861 Other Grants 142,584 69,576 Total Grant Income 804,281 791,915 Refer to pages 42 to 44 for an unaudited detailed list of 2016 grant income.

NOTE 4: CASH – HERITAGE FOUNDATION Restricted cash held in the Heritage Foundation 10,920 24,953

NOTE 5: RECEIVABLES

Current Trade debtors 374,942 438,612 Other debtors – investments income 110,309 116,672 Other debtors – insurance claims 27,237 20,741 Other debtors – GST recoverable 43,234 51,055 Other debtors – accrued income 63,520 19,837 Other debtors 377 4,870 619,619 651,787

NOTE 6: INVENTORIES Inventories – at cost 232,437 203,388



23

NOTE 2016

$ 2015

$ NOTE 7: OTHER FINANCIAL ASSETS

Other financial assets designated as at Fair Value through profit or loss

Funds under management 12,183,562 11,384,568 Movements: Opening balance 11,384,568 9,381,968 Withdrawals from investments (1,057,586) (678,411) Cash transferred into investments 1,770,928 1,830,734 Interest and dividend income reinvested 358,366 406,607 Revaluation of investments to market value (272,714) 443,670

Closing balance 12,183,562 11,384,568



24

NOTE 7: OTHER FINANCIAL ASSETS (continued)

Statement of changes in other financial assets

$

Golden Vale

S. H. Ervin Fund

Wirrimbirra (Dew Sisters)

Hazel Porter’s House

Butler Estate Motor

Vehicle Fund

Havelberg Estate

Heritage Foundation

Peter Crittenden

Total Restricted

Other Financial Assets

Bequest Fund

Unrestricted Other

Financial Assets

Total Other Financial

Assets

Balance at 30 June 2014 850,461 545,673 321,378 131,555 999,768 - 3,119,635 - 5,968,470 300,045 3,113,453 9,381,968 Additions - - - - - 1,128,837 - - 1,128,837 701,897 - 1,830,734 Income received 45,311 29,072 17,122 7,009 51,883 34,623 118,698 - 303,718 24,395 157,468 485,581 Revaluation 38,828 24,913 14,673 6,006 43,349 15,700 144,354 - 287,823 (6,140) 161,987 443,670 Expenses deducted (89,922) (143,983) - - - - - - (233,905) - 154,931 (78,974) Withdrawals - - - - - - (178,411) - (178,411) - (500,000) (678,411) Movement for the year (5,783) (89,998) 31,795 13,015 95,232 1,179,160 84,641 - 1,308,062 720,152 (25,614) 2,002,600 Balance at 30 June 2015 844,678 455,675 353,173 144,570 1,095,000 1,179,160 3,204,276 - 7,276,532 1,020,197 3,087,839 11,384,568 Additions - - - 350,703 241,556 592,259 1,178,669 - 1,770,928 Income received 33,245 17,934 13,900 5,690 54,925 44,329 96,946 8,725 275,694 52,898 121,577 450,169 Revaluation (29,261) (15,785) (12,234) (5,008) (37,050) (33,479) (88,915) (10,560) (232,292) 66,548 (106,970) (272,714) Expenses deducted (93,920) - - - - - - - (93,921) - 2,118 (91,802) Withdrawals - (57,587) - (57,586) - (1,000,000) (1,057,587) Movement for the year (89,936) 2,149 1,666 682 17,875 10,850 301,147 239,721 484,154 1,298,115 (983,275) 798,994

Balance at 30 June 2016 754,742 457,824 354,839 145,252 1,112,875 1,190,010 3,505,423 239,721 7,760,686 2,318,312 2,104,564 12,183,562



25

NOTE 7: OTHER FINANCIAL ASSETS (continued) Golden Vale The Golden Vale fund was established in November 2007 after the subdivision and sale of a parcel of land adjacent to the residence at Golden Vale, which was permitted under a Deed of Gift from The Honourable William Geoffrey Keighley and Karin Margot Spiegel-Keighley. The proceeds of the sale were to be invested for the purpose of funding the maintenance of the residue of Golden Vale. S. H. Ervin Fund The S. H. Ervin fund was established in July 1973 on receipt of a bequest from Samuel Henry Ervin. The funds were to be used to renovate, restore and maintain a Museum and Art Gallery for the preservation and display of works of art. Wirrimbirra (Dew Sisters) The Wirrimbirra (Dew Sisters) fund was established in June 2007 on receipt of a bequest from Alice Dew. These funds were to be spent on an accommodation building for students at Wirrimbirra named as a memorial to Barbara Dew. Hazel Porter’s House The Hazel Porter’s House fund was established in February 1998 on receipt of a bequest from Hazel Mildred Porter. The Will directed that the property at 434 Kings Street Newcastle be preserved for the benefit of the public. Butler Estate Motor Vehicle Fund The Butler Estate Motor Vehicle Fund was established in May 2009 on receipt of a bequest from Paul William Butler. These funds were to be used to make grants for the purpose of either: public exhibition of vintage and veteran cars or the preservation and restoration of vintage and veteran cars for the purpose of public exhibition, or education or research into vintage and veteran cars. Grants for both purposes are to be used within New South Wales. Heritage Foundation The proceeds or part thereof from the sale of Trust properties are placed in the Heritage Foundation in order to build a capital fund to support the work of the Trust. Havelberg Estate Havelberg Estate was established on the 14 November 2014 on the receipt of a bequest from Dean Donald Havelberg. The funds will be used to renovate, restore and maintain Cooma Cottage and Harper’s Mansion. Peter Crittenden The Peter Crittenden fund was established in September 2015 on receipt of a bequest of shares from Peter Crittenden. The Will directed that the funds must be spent on the maintenance of Old Government House. Bequest Fund This amount represents the funds received from bequests to the consolidated entity that are not designated for particular purposes. Unrestricted Other Financial Assets This amount represents the funds of the consolidated entity that are not designated for particular purposes.



26

NOTE 2016 $

2015 $

NOTE 8: PROPERTY, COLLECTIONS AND EQUIPMENT

Property: Freehold land and buildings – at cost 40,301,942 25,362,430 Held as custodian 3,127,143 3,127,143 43,429,085 28,489,573 Collections: At fair value 24,614,176 22,464,176 Equipment & furniture: Equipment and furniture at cost 1,815,918 1,684,320 Less accumulated depreciation (1,408,692) (1,314,212) 407,226 370,108 Total property, collections and equipment at net book value 68,450,487 51,323,857 Property: Freehold land and buildings Carrying amount at the beginning of the year 25,362,430 25,551,829 Reclassification to Assets Held for Sale (a) (296,250) (475,000) Additions 15,235,762 285,601 Carrying amount at end of the year 40,301,942 25,362,430 Held as custodian Carrying amount at the beginning of the year 3,127,143 3,127,143 Carrying amount at the end of the year 3,127,143 3,127,143 Collections: Carrying amount at the beginning of the year 22,464,176 22,464,176 Additions 2,150,000 - Carrying amount at the end of the year 24,614,176 22,464,176 Equipment & Furniture: Carrying amount at the beginning of the year 370,108 225,087 Additions 131,608 247,790 Depreciation – charge for year (94,490) (102,769) Carrying amount at the end of the year 407,226 370,108

(a) ASSETS CLASSIFIED AS HELD FOR SALE The Trust exchanged contracts for granting of a 99 year lease of Ludovic Blackwood Mem. Sanctuary before balance date and this sale was settled on 1 July 2016. The carrying value for this asset has been classified as “held for sale” under current assets in the Statement of Financial Position. Comparative information relates to Woodlands Pambula Property for which the contract for sale was exchanged before 30 June 2015; the sale was settled in the 2016 financial year.



27

NOTE 2016

$ 2015

$ NOTE 9: DEFERRED INCOME AND UNEXPENDED GRANTS

Current: Membership 190,064 175,193 Other 296,373 281,971 Unexpended Grants 19 280,209 436,140 766,646 893,304 Non-current: Membership 95,604 88,296

NOTE 10: EMPLOYEE ENTITLEMENTS Current: Long service leave 242,910 201,378 Annual leave 345,492 312,128 Other employee benefits 12,220 22,171 600,622 535,677 Non-current: Long service leave 155,247 108,997

NOTE 11: RELATED PARTIES Transactions between related parties are on normal commercial terms and conditions unless otherwise stated.

(a) Directors

The names of those who served as Directors on the Board of the Trust during the 2016 financial year were as follows:

Non-Executive Directors

Ian Carroll OAM - President until 9 December 2015, resigned as Director on 31 January 2016

Susan Hunt - appointed 30 March 2016

Dr Clive Lucas OBE - appointed President on 9 December 2015 Meredith Hutton Brian Powyer - appointed Deputy President on 9 December 2015 Alan Kerr Professor Ross Griffith - Deputy President until 28 November 2015 Raj Nanda – resigned 28 November 2015 Neil Wykes OAM, Treasurer Keith Parsons Pauline Adraskaslas John Richardson Kate Dezarnaulds Ian Stephenson Hon. Garry Downes AM QC - elected 28 November 2015

No compensation was received by any non-executive Director.



28

NOTE 11: RELATED PARTIES (continued)

(a) Directors (continued)

Executive Director Brian Scarsbrick AM All Directors were in office the whole of the year, unless otherwise stated. Other relevant information regarding attendance at meetings, resignations and retirements of Directors is contained in the Directors’ Report.

(b) Key Management personnel compensation

The key management personnel (“KMP”) are the Executive Director and Senior Managers of the Trust who are responsible for the management of the consolidated entity. The remuneration for the Executive Director and other key management personnel is set out below.

Year No. of KMP who

served during the year

$

2016 6 807,323 2015 5 711,908

Details of the key management personnel who served during the year are provided below

Name Position Years as key management personnel

Brian Scarsbrick AM Executive Director 5* Robert Goodge (appointed 6 January 2016) Graham Quint

Director, Business Development Director, Advocacy

0.5

2 Richard Slink Director, Trust Properties 2 Thambipllai Somavarman Director, Finance 2 Anne Weinman Director, HR & Enterprises 2

*Brian Scarsbrick AM previously served as Director of the Trust’s Natural Heritage for 1 year.

(c) Other Transactions (i) Donations

Certain Directors made donations to the Trust during the year. (ii) Directors’ Memberships

All Directors are financial members of the Trust and have been so during the entire year covered by these financial statements.

NOTE 2016

$ 2015

$ NOTE 12: CASH AND CASH EQUIVALENTS

Cash at bank 238,934 331,655



29

NOTE 2016 $

2015 $

NOTE 13: RESTORATION APPEALS

The consolidated entity conducts appeals in support of local organisations for the conservation of places and items classified by the consolidated entity to enable those organisations to achieve the objective of the consolidated entity. Though conducted by and through the consolidated entity these appeals are in support of heritage places and items owned by other parties. For this reason these monies are held separately by the consolidated entity.

2,736,133 2,782,899

RESTORATION APPEAL - DETAIL These amounts are set out below and are included in the Consolidated Statement of Financial Position. Administration fees are earned by the Trust from these appeals and any amount unspent in the appeal is retained by the Trust. The consolidated statement of financial position includes a liability to pay these amount to third parties.

RESTORATION APPEAL ACCOUNTS

2016 $

2015 $

All Saints Anglican Parish – Hunters Hill 7,254 13,367 All Saints Anglican Church – Woollahra 1,818 18,682 Camperdown Cemetery Trust 608 608 The Riverine Club – Wagga Wagga 27,176 1,434 Christ Church Cathedral – Newcastle 353,010 538,588 Dalwood Restoration Appeal 222,937 193,189 Gundagai Historic Bridge Account (IBD) 80,000 83,205 Ramsay Graveyard Restoration Appeal 9,321 8,752 Rose Cottage – Wilberforce 16,669 11,751 St Canice’s Church – Double Bay 99 99 St John’s Anglican Church Group – Stroud 231 6,069 St John’s Church – Newcastle 3,017 3,014 St Jude’s Anglican Church – Randwick 118,798 73,559 St Luke’s Anglican Church – Gulgong 1 1 St Mark’s Anglican Church – Darling Point (account 1) 211,118 194,726 St Mark’s Anglican Church – Darling Point (account 2) 12,310 16,076 St Marys – Newcastle Conservation Appeal 89,917 101,107 St Matthew’s Church – Albury 12,441 11,809 St Michael’s Anglican Church – Wollongong 54,927 35,388 St Paul’s Church – Camden Conservation Appeal 54,715 51,882 St Peter’s Anglican Church – Campbelltown - 2,572 St Peter’s – North Sydney Appeal Account 8,274 13,314 Kiama Restoration Appeal 10,105 8,452 St Thomas’ Anglican Church – North Sydney 162,816 107,718 Holy Trinity Church Conservation Appeal – Appeal Account 72,901 91,802 Holy Trinity Church Conservation Appeal – Business Reserve Account 38,666 28,832 Ventnor House Appeal – Randwick 9,736 9,821 St Michael’s Anglican Church – Vaucluse Conservation Appeal 122,582 104,000 St Thomas’ Anglican Church – Port Macquarie 1,084 1,083 Rookwood Jewish Cemetery Appeal Rookwood 28,702 30,234 St Marys Cathedral – Sydney – CBA Acct 142,493 196,832



30

NOTE 13: RESTORATION APPEALS (continued)

NOTE 14: SUPERANNUATION

The consolidated entity contributes to employee superannuation funds as required under the Commonwealth Government’s Superannuation Guarantee Legislation.

NOTE 15: CAPITAL MANANGEMENT

Capital available to the consolidated entity at the end of the financial year is represented by its total accumulated funds, being Retained Surplus and Reserves. The Board manages these funds through the use of budgets and regular forecasts and with the assistance of the Finance, Audit and Risk Management Committee with the objective of ensuring that there are always sufficient reserves to pay debts and to continue the growth of the consolidated entity.

2016

$ 2015

$ Ebenezer Church Appeal Committee – TERM DEP 97,063 94,354 St John’s Anglican Church – Moruya Westpac ACT 50,000 50,000 St Peter & Paul’s Old Cathedral Restoration Appeal 18,657 6,872 Adelong Falls Conservation Appeal 4,464 4,459 Hunter Baillie Memorial Presbyterian Church 51,852 37,681 St John’s Anglican Church – Wagga Appeal 3,792 3,288 St John’s Church of England – Darlinghurst Restoration Appeal 15 1,329 St Andrew’s Anglican Church – Summer Hill 60,777 8,498 St James’ Church – King St. Conservation Appeal 7,355 10,628 St Andrew’s Church – Newcastle Restoration Appeal 13,212 58,277 Cathedral Restoration Fund St Saviours Goulburn 18,657 110,079 St Stephen’s Uniting Church – Macquarie St 17,361 10,135 Gresford & Paterson Anglican Churches – Paterson 1,296 295 Friends of Athenium Theatre and Cultural Centre Inc 1,350 1,350 Roman Catholic Cathedral Bathurst Restoration 177,090 125,225 St Anne’s Anglican Church – Strathfield 58,929 22,786 All Saint’s Church – Woollahra Term Deposit 87,385 85,391 Cherrybrook Uniting Church Restoration Appeal 30,463 26,286 Hunter Baillie Presbyterian Ch Annandale 55,388 53,926 Hunter Baillie Presbyterian Ch Annandale 55,388 53,926 Hunter Baillie Presbyterian Ch Annandale 33,233 32,356 Ebenezer Church 13,014 20,684 All Saints Anglican church North Parramatta Restoration Appeal 5,645 5,645 Sacred Heart Church Moruya Restoration Appeals 21 21 St Marys Roman Catholic Church Restoration Appeals - 1,442

2,736,133 2,782,899



31

NOTE 2016 $

2015 $

NOTE 16: COMMITMENTS

(a) Operating leases commitments Commitments for minimum lease payments on office equipment are payable as follows:

Within one year 40,992 40,998 Later than one year but no later than five years 15,498 56,496 56,490 97,488

(b) Capital commitments Unexpended Grants 9, 19 280,209 436,140

NOTE 17: CHARITABLE FUNDRAISING ACT

The consolidated entity had various fundraising avenues during the year:

Income

$ Cost

$ Net Surplus

$ Cost to income

%

Net Surplus to income

% Membership/Benefactor donations 190,764 - 190,764 0 100 Museums, Galleries & Committees 86,287 - 86,287 0 100 Regular Giving 44,315 - 44,315 0 100 Defending our Heritage Fund Appeal 20,095 - 20,095 0 100 S H Ervin Gallery Collections Restoration Appeal 50,270 11,926 38,344 24 76 Tomago Storm Damage Appeal 42,705 10,349 32,356 24 76

434,436 22,275 412,161 5 95

Memberships/donations and museums, galleries & committees give Members and the public an opportunity to make unsolicited donations towards the consolidated entity’s activities. Application of Funds:

Membership/Benefactor donations 190,764 Funds from fundraising activities are used by the consolidated entity to fund its operating activities. The difference between the total amount raised by each appeal and the amounts shown above against each appeal is the amount donated to the Trust "where the Trust needs it most".

Museums, Galleries & Committees 86,287

Regular Giving 44,315

Defending our Heritage Fund Appeal 20,095 Funds raised have been applied to the Trust to be used in the "Defending our Heritage Campaigns".

S H Ervin Gallery Collections Restoration Appeal 38,344 Funds raised have been applied to the Trust to be used for "S H Ervin Gallery Collections Restoration".

Tomago Storm Damage Appeal 32,356 Funds raised have been applied to the Trust to be used for "Tomago House Storm Damage".

2016

$ 2015

$

Total funds held for future application 238,451 186,098 Refer to page 47 for unaudited list of funds held for future application



32

NOTE 18: OTHER INFORMATION

Registration The Trust is exempt from the need to obtain an authority to fundraise under section 9(3)(b) of the Charitable Fundraising Act. Additional Information to Members Supplemental schedules in respect of these financial statements have been made available to help members better understand the financial position of the consolidated entity. The supplemental schedules on pages 35 to 47 do not form part of the audited financial statements.

NOTE 19: UNEXPENDED GRANTS

Grant Details

Balance at 1-Jul-15

$

Receipts $

Expenditure $

Balance at 30-Jun-16

$ American Express Partners in Preservation 101,908 - - 101,908 Montague Island Lighthouse Museum Interpretation 7,306 - - 7,306 Woodford Academy Water Grant 22,067 - (22,067) - Macquarie’s Mausoleum Isle of Mull 18,671 - - 18,671 Conservation Donation Account 2,485 - - 2,485 S.H. Ervin Gallery Australian Council for Arts 3,519 - (3,519) - Erect a memorial to the victims of the attack on the Picnic Train at Broken Hill on 1 January, 1915 975 - - 975 Woodford Academy – Aboriginal place encountering and interpreting at Woodford Academy 11,762 - (11,762) - SH Ervin Gallery Margaret Olly Art Trust 75,000 - - 75,000 Norman Lindsay Gallery -Foundation for Rural and Regional Renewal-volunteers in collection preservation and disaster planning 10,300 - (10,300) - Pilot Trial of eHive at Miss Traill's House 5,710 - (5,710) - Ian Potter Foundation - Children Education Programme at Everglades 25,000 - (25,000) - Woodford Academy - ANZAC Centenary Local Grants Program 3,513 - (3,513) - NSW Office of Environment & Heritage - Heritage Branch 142,924 9,752 (142,924) 9,752 Lithgow Branch – John Welling Award -2016 - 400 - 400 OGH – Community Heritage & Icons Grants (Experiment & Survival) - 9,500 - 9,500 Harpers Mansion – Retaining Wall Repair - 2,450 - 2,450 Miss Porter’s House – Stormwater System Upgrade, MPH - 8,000 - 8,000 Miss Porter’s House – Orica Ki Community Investment Program - 9,000 - 9,000 Riversdale – Landscaping Gardening Volunteer Grant - 3,992 - 3,992 Woodford Academy Grant – Front fence & path to the toilet facilities - 10,770 - 10,770 OGH – Role of Governance Exhibition - 20,000 - 20,000 Old Government House - 2015 PCC Community Grant - "Tails of India" project 5,000 - (5,000) - 436,140 73,864 (229,795) 280,209



33

NOTE 2016

$ 2015

$

NOTE 20: PARENT ENTITY FINANCIAL INFORMATION

The parent entity of the group is The National Trust of Australia (New South Wales). The individual financial statements for the parent entity show the following aggregate amounts.

Financial position of the parent entity at year end Current assets 3,864,838 4,143,733 Total assets 81,289,669 64,122,882 Current liabilities 4,942,921 5,146,295 Total liabilities 5,193,772 5,343,588

Net assets 76,095,897 58,779,294

Total equity of the parent entity comprises Reserves 36,297,336 36,297,336 Retained surplus 39,798,561 22,481,958

Total equity 76,095,897 58,779,294

Results for the parent entity Total surplus for the year for the consolidated entity 17,603,443 2,308,852 Less total surplus attributable to the subsidiary trusts 21 (387,043) (296,304) Trust entitlement to 80% of the income of the subsidiary trusts 100,203 121,560 Surplus attributable to the Trust 17,316,603 2,134,108 Other comprehensive income - -

Total comprehensive income for the year attributable to the Trust 17,316,603 2,134,108

NOTE 21: CONTROLLED ENTITITES As part of the long term funding strategy of the Trust, to preserve capital contributions received from third parties and to preserve part of the proceeds from the sale of Trust properties, a new structure was set up consisting of a trustee company and two trusts. The following entities became controlled entities of the Trust from 19 March 2013: • The National Trust of Australia (NSW) Heritage Foundation Ltd (“Trustee”); • National Trust of Australia (NSW) Heritage Foundation Trust (“Heritage Foundation”); • National Trust of Australia (NSW) Heritage Foundation Ancillary Trust (“Ancillary Trust”). The Heritage Foundation and The Ancillary Trust are referred to herein as “subsidiary trusts”. The Trustee is responsible for governing the day to day activities of the two subsidiary trusts, with a board of up to 7 members, a majority of whom must be directors of the Trust. The Chairman of the Trustee is to be independent of the Board of the Trust. The directors of the Trustee are appointed by the Board of the Trust. The objects of the subsidiary trusts are to pursue charitable purposes only and to apply the income and property of the subsidiary trusts however derived: (a) Solely to the Trust; or (b) Otherwise for the benefit or advancement of the objects of the Trust, if approved by a special resolution

of the Trustee.



34

NOTE 21: CONTROLLED ENTITITES (continued) As a consequence, these three entities are controlled entities of the Trust. The trust deeds of the Heritage Foundation and Ancillary Trust set out the day to day activities, including the investment activities of the subsidiary trusts as well as the amount of income and capital the subsidiary trusts can distribute. The amount of income that can be distributed each year is as follows: (i) The subsidiary trusts can automatically distribute 80% of income to the Trust to be used in accordance with their charitable objects; and (ii) The subsidiary trusts may either accumulate the remaining 20% so long as the capital base not has been augmented by an amount equal to the 20% or alternatively may (but is not required to) distribute all or part of the remaining 20% if the capital base has been augmented. Subject to the minimum annual distribution requirements for the ancillary fund, the trustee may distribute up to 5% of the capital base of the subsidiary trust in any one year. However, approval of any capital distribution requires approval from at least 75% of Directors of the Trustee of the relevant subsidiary trust and 75% of Directors of the Trust. The directors of the Trustee at the date of this report are: Mr Robert Elliott – Independent Chair Mr William d’Apice – Independent Director Mr Ian Carroll OAM – National Trust of Australia (New South Wales) Director (resigned 31 January 2016) Mr Neil Wykes OAM – National Trust of Australia (New South Wales) Director Mr Brian Scarsbrick AM – National Trust of Australia (New South Wales) Executive Director Dr Clive Lucas OBE – National Trust of Australia (New South Wales) Director (appointed 31 January 2016) NOTE 22: SURPLUSES AND RESERVES

(i) Retained Surpluses

The “Restricted Surplus” represents surpluses that may only be used in accordance with the specific activities of the Trust.

(ii) Reserves Consist of:

NOTE 2016 $

2015 $

Properties and collection revaluation reserve 36,297,336 36,297,336

NOTE 23: SUBSEQUENT EVENTS The following events occurred subsequent to balance date that the Trust considers material for disclosure in the financial statements. On 1 July 2016 The Trust settled granting of a 99 year lease on a Trust Property, Ludovic Blackwood Memorial Sanctuary, Pennant Hills. A surplus of $468,292 was recorded on this sale, and will be included in profit or loss of the 2017 financial year. Except as described above, there has not been any other matter or circumstance that have arisen since the end of the financial year that has significantly affected, or may significantly affect, the Trust.



35

SUPPLEMENTAL SCHEDULES (UNAUDITED) The following UNAUDITED information is provided for the benefit of members. SUMMARY OF SURPLUS & DEFICIT ..................................................................................................... 36 ADDITIONAL INFORMATION: DETAILED NET OPERATING SURPLUS (DEFICIT) BY COST CENTRE ....... 37 PROPERTIES AND COLLECTIONS ......................................................................................................... 41 SPECIFIC AND GENERAL PURPOSE GRANTS ........................................................................................ 42 VISITOR ATTENDANCES – HOUSE MUSEUMS ..................................................................................... 45 INTER-COMMITTEE DONATIONS ........................................................................................................ 46 TOTAL FUNDS HELD FOR FUTURE APPLICATION ................................................................................ 47


SUPPLEMENTAL SCHEDULES (UNAUDITED)

36

SUMMARY OF SURPLUS & DEFICIT

2016

$ 2015

$ Operating deficit (1,391,972) (1,338,506) Dividend and interest income 562,655 604,109 Investment management fee (77,324) (72,656) Operating deficit after investment income (906,641) (807,053) Bequests 1,519,713 2,419,169 Bequest Expenses (90,000) - Donation Extraordinary 100,000 253,066 Loss on disposal of property (96,915) - Realised and unrealised gain (loss) on investment (272,714) 443,670 Gift Retford Park Property 17,350,000 - Net surplus for the year (per accounts) 17,603,443 2,308,852



37

ADDITIONAL INFORMATION: DETAILED NET OPERATING SURPLUS (DEFICIT) BY COST CENTRE

National Trust Centre

2016 Net

Operating Results

$

2015 Net

Operating Results

$ Advocacy (7,532) (2,757) Archives (55,184) (57,186) Bequests (17,975) (17,312) Collection management (25,055) (110,937) Communications (65,840) (18,823) Conservation (3,037) 891 Corporation partnerships - 3,500 eCommerce (25,655) (29,578) Events (197,347) (3,115) Executive office admin (311,579) (276,430) Financial management (407,765) (397,732) Fundraising 37,503 45,145 Governance & risk (50,841) (14,131) Grants management (10,985) (54,237) Human resources (133,757) (141,527) Information technology (122,972) (128,998) Magazine (118,844) (107,346) Membership 539,456 575,223 Procurement (134,561) (106,106) Properties administration (377,346) (356,887) Properties Administration - Disposal of Properties (33,793) (68,897) Public relations admin (260) - Marketing (89,130) (7,045) Foundation (4,985) - Treasury (15,222) (22,321) (1,632,706) (1,296,606) Regions and Branches Bathurst Branch 4,304 (1,505) Blue Mountains Branch 4,693 6,390 Broken Hill & District Branch (400) 340 Gulgong Mudgee Rylstone 650 - Hawkesbury Branch 3,581 5,157 Hunter Regional Committee (592) (636) Illawarra Shoalhaven Branch (6,845) (3,539) Lachlan Branch 2,038 1,108 Lithgow Branch 907 1,301 Orange & District Branch (110) (201) Parramatta Regional Committee 1,368 2,271 Southern Highlands Branch 362 64 Far South Coast Branch 173 2,000 10,129 12,750



38

ADDITIONAL INFORMATION: DETAILED NET OPERATING SURPLUS (DEFICIT) BY COST CENTRE (continued)

House Museums/Galleries

2016 Net

Operating Results

$

2015 Net

Operating Results

$ Larger Museums/Galleries Everglades – Leura 30,018 1,986 Friends of Everglades – Leura 6,800 5,433 Total – Leura 36,817 7,419 Experiment Farm Cottage – Parramatta (17,337) (25,237) Old Government House – Parramatta (131,514) (77,624) Friends of OGH – Parramatta 49 6,153 (148,801) (96,708) Norman Lindsay Gallery – Faulconbridge (7,190) (7,721) Friends of NLG – Faulconbridge 4,683 3,633 Total – Norman Lindsay (2,507) (4,088) S. H. Ervin Gallery – Sydney 66,123 (143,982) Saumarez Advisory Committee (67,893) (35,111) Larger Museums/Galleries (116,262) (272,470)



39


House Museums/Galleries (continued)

2016 Net

Operating Results

$

2015 Net

Operating Results

$ Smaller Museums/Galleries Cooma Cottage – Yass (61,446) (12,889) Friends of Cooma Cottage – Yass (677) 127 (62,123) (12,762) Dundullimal – Macquarie Region (115,561) (98,759) Grossmann & Brough – Maitland (11,615) 7,934 Harpers Mansion – Berrima (12,745) (9,780) Miss Porters House – Newcastle 7,159 3,187 Miss Traills Hosuse – Bathurst 25,571 2,797 Riversdale – Goulburn (19,990) 5,614 Friends of Riversdale – Goulburn 3,798 2 (16,192) 5,616 Sir Henry Parkes SOA – Tenterfield (683) (874) Sir Henry Parkes SOA – Tenterfield (1,965) (7,098) (2,648) (7,972) Tomago House – Tomago 35,175 (9,725) Vienna Cottage – Hunters Hill 656 (744) Woodford Academy – Woodford 5,065 15,776 Lindesay – Darling Point 11,105 (21,484) Smaller Museums/Galleries (136,153) (125,916) Total Museums/Galleries (252,415) (398,386)



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Fundraising

2016 Net

Operating Results

$

2015 Net

Operating Results

$ Central West Womens Committee 265 (22,838)Central West Open House Weekend Committee 16 -Soft Furnishings Committee (162) (441)Soft Furnishings Committee – Contracts - 3,200Tours Committee 20,949 20,017Riverina Committee - (50)Womens Committee 170,009 187,695 191,077 187,583 Properties under Management Ahimsa – Sentosa – Cheltenham 9,697 (1,623) Dalwood House – Hunter Valley (5,150) (27) Bullara St House – Pambula 2,160 8,729 Golden Vale – Sutton Forest (124,556) (89,922) Watch House – Balmain (1,527) (1,224) Ludovic Blackwood Sanctuary (6,578) (4,878) Messengers Cottage – Observatory Hill 17,525 18,899 NTC – Observatory Hill (7,804) 14,654 Stella James House – Avalon 28 19,366 Wirrimbirra Sanctuary – Bargo (26,962) (18,211) Retford Park – Bowral 12,000 - (131,167) (54,237) Bushland Management Bushland Management Services 423,110 210,390 Operating Net Profit & Loss (1,391,972) (1,338,506)

THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES) SUPPLEMENTAL SCHEDULES (UNAUDITED)

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PROPERTIES AND COLLECTIONS

Location Name of Property Nature of

Acquisition Year of

Acquisition Book Value

Land/Buildings Book Value

Collections** Remarks PROPERTIES HELD AS CUSTODIANS Balmain Balmain Watchhouse* Trusteeship 1966 1 - Reserve Trust for preservation of historic buildings and sites; leased to Balmain Assoc. Maitland Brough House* Trusteeship 1974 1 - Reserve Trust for preservation of historic buildings and sites. Maitland Grossmann House* Trusteeship 1968 741,376 309,535 Reserve Trust for preservation of historic buildings and sites. Observatory Hill Messenger’s Cottage* Leasehold 1975 1 - Leased through Government Properties NSW and sublet to tenants. Observatory Hill National Trust Centre* Leasehold 1975 76,884 656,421 Leased through Government Properties NSW (main administration building). Observatory Hill S.H. Ervin Gallery* Leasehold 1975 3,174 2,855,800 Leased through Government Properties NSW. Parramatta Old Government House* Trusteeship 1967 2,305,703 3,510,558 Vested in Trust by Act of Parliament. Scotland Macquarie Mausoleum* Trusteeship 1969 1 - Title remains with Union Fidelity Trustee Co. of Australia. Sydney 31 Bligh Street Leasehold 1973 1 - Trust holds head lease to protect heritage value (former NSW Club). Tathra Tathra Wharf* Trusteeship 1978 - 6,000 Collection only owned by the Trust. Tenterfield Sir Henry Parkes Mem. School of Arts* Trusteeship 1957 1 72,200 Transferred to Trust by Act of Parliament, leased to Tenterfield Council. 3,127,143 7,410,514 FREEHOLD Armidale Saumarez Homestead* Freehold 1986 1,196,855 365,010 Donated by the White Family. Avalon Stella James House Freehold 1964 609,019 - Gift from Estelle James with assistance from donors and leased. Bargo Wirrimbirra Sanctuary* Freehold/Crown 1965 331,339 50,000 Gift from the David G. Stead Memorial Wildlife Research Foundation of Australia. Bathurst Miss Traill’s House* Freehold 1978 498,532 748,606 Bequeathed by Miss Ida Traill. Berrima Harper’s Mansion* Freehold 1978 228,645 32,972 Purchased by the Trust. Braidwood Bedervale Collection 1986 - 580,900 Contents only owned by the Trust. Branxton Dalwood House Freehold 1988 281,906 - Gift from the Wyndham Estate. Cheltenham Ahimsa Freehold 1972 700,000 - Purchased by the Trust with assistance from donors and leased. Darling Point Lindesay* Freehold 1963 6,415,496 743,502 Purchased by the Trust with donation from W. Pye. Dubbo Dundullimal* Freehold 1986 717,049 51,150 Gift from the Palmer Family.

Faulconbridge Norman Lindsay Gallery* Freehold 1969 2,212,290 11,112,146 Gallery purchased by the Trust, Artwork bequeathed by Norman Lindsay; Etching Studio was purchased with assistance from the Centenary of Federation Fund. Total property value shown.

Goulburn Riversdale* Freehold 1967 526,300 393,600 Purchased by the Trust. Hunters Hill Vienna Cottage* Freehold 1985 505,935 2,000 Purchased by the Trust. Leura Everglades* Freehold 1962 1,671,900 21,350 Purchased by the Trust. Newcastle Hazel Porter’s House* Freehold 1998 118,692 49,700 Bequest of the Late Hazel Mildred Porter. Paddington Juniper Hall Freehold 1984 - - Leased by the Trust in 2012 for 99 years. Pambula Woodlands Freehold 2011 - - Bequest of the Late Joyce Aileen Hodge. Leased by the Trust in 2015 for 99 years.

Parramatta Experiment Farm Cottage* Freehold 1960 1,388,145 730,216

Purchased by the Trust with assistance from donors. Pennant Hills Ludovic Blackwood Mem. Sanctuary Freehold 1961 - - Purchased by the Trust with donations from G&G E Blackwood. Classified as held for sale $296,250. Rockdale Lydham Hall Collection - 36,630 Furniture collection only. Sutton Forrest Golden Vale Freehold 2005 5,292,600 - Donated by the Late Hon W M Keighly & Mrs K M Spiegel-Keighly. Tenterfield 201 Rouse Street* Freehold 1999 50,000 - Purchased by the Trust with assistance from the Centenary of Federation Fund. Tomago Tomago House* Freehold 1986 452,325 72,880 Donated to the Trust by Tomago Aluminium Company. Wentworth St Ignatius School Being Transferred 1988 40,000 1,000 Gift of Mrs M. White. Woodford Woodford Academy* Freehold 1979 1,466,175 5,000 Donated to the Trust by Miss G. McManamey. Yass Cooma Cottage* Freehold 1970 371,507 57,000 Purchased by the Trust with the donation from Mrs Mary Griffiths. Bowral Retford Park Freehold 2016 15,227,231 2,150,000 Donated to the Trust by Mr James Oswald Fairfax AC 40,301,942 17,203,662 *Open to the Public TOTAL MUSEUMS, PROPERTIES AND COLLECTIONS 43,429,085 24,614,176 ** Collections are owned by the Trust



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SPECIFIC AND GENERAL PURPOSE GRANTS

The following general and specific purpose grants have been received

2016 (GST exclusive)

$ NSW Office of Environment & Heritage Heritage Festival 82,475 National Trust Heritage Grant 208,171 National Trust Cemeteries Conservation 44,000 Riversdale Interpretation Program 11,000 345,646

2015-16 National Trust Partnership Program Australian Council of National Trust 26,000 National Trust of Aust (WA) – Education 19,000 National Heritage Festival Program 240,000 285,000 Museums and Galleries NSW Max Solution Pt Maxnetwork Pty Ltd 3,636 S.H.Ervin Gallery 3,519 Pilot Trial of eHive at Miss Traill’s House 5,710 12,865 Parramatta City Council 2015 PCC Community Grant – “Tails of India” project 5,000 Department of Veterans’ Affairs ANZAC Centenary Local Grants Program 3,513 Ian Potter Foundation Children Education Programme at Everglades 25,000 Foundation for Rural and Regional Renewal Staff and volunteers in collection preservation and disaster planning 10,300 National Library of Australia Community Heritage for SH Ervin Gallery 4,500 Community Heritage for Norman Lindsay 5,100 9,600 Wingecarribee Shire Council Community Assistance Grant - for purchase of storage units 3,500 Community Assistance Grant - for painting the Hallway at Harpers Mansion 3,850 7,350 Port Stephen Council Community Grant - Tomago house 2,000 Bathurst Regional Council Repairing entry to Miss Traill's House 2,000 Promote tourism - National Trust Bathurst Branch 4,000 Grant for Heritage Brochures - National Trust Bathurst Branch 4,273 10,273 Lithgow City Council John Welling Award -2016 - National Trust Lithgow Branch 4,000



43

SPECIFIC AND GENERAL PURPOSE GRANTS (continued)


$ Goulburn Mulwaree Council Community Grants & Donation Scheme for Riversdale 5,000 Armidale Regional Council Community Assistance Small Grant-Round- Saumarez Homestead 1,000 Glasshouse Watering System - Saumarez Homestead 1,000 2,000

Katoomba & Upper Blue Mountains Community Bendingo Bank Everglades Gardens Sponsorship of 'Irrigation of Plant Nursery' 910 Gorden Darling Foundation Catalogue the Guy Warren exhibition at SH Ervin Gallery 7,045 Armidale City Bowling Club Work on Glass House at Saumarez Homestad 1,500

The Copland Foundation Saumarez Homestead repairs work for the main Homestead 10,000 NSW Government - Family & Community Services - Community Building Partnership Internal repairs to Tomago Chapel 19,000 Upgrade of tank, Comma Cottage 2,450 Woodford Academy Water grant 22,067 Woodford Academy – Aboriginal Place Encountering and Interpreting 11,762 55,279 Yass Valley Council Cooma Cottage Business Plan 2,000 Total grants recognised in surplus or deficit 804,281 Grants recognised as Deferred Income in 2016 NSW Office of Environment & Heritage - Heritage Branch National Trust Heritage Grant 9,752 Lithgow City Council John Welling Award -2016 400 Parramatta City Council Role of Governance exhibition at Old Government House 20,000 Department of Infrastructure & Regional Development Woodford Academy grant-front fence& path to the toilet facilities 10,770 Landscaping Gardening Riversdale Landscaping Gardening Volunteer Grant 3,992



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$ NSW Government - Family & Community Services - Community Building Partnership Retaining Wall, Harper's Mansion 2,450 Stormwater system upgrade, Miss Porter's House 8,500 10,450 Orica KI Orica KI Community Investment Program Tomago House 9,000 Department of Environment Community Heritage & Icons Grants (Experiment & Survival) at Old Government House 9,500 Total Grants Recognised as Deferred Income 73,864



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VISITOR ATTENDANCES – HOUSE MUSEUMS

Entry Fees $

2016

Total Trust Members

2016

Total Visitor Numbers

2016

Total Visitor Numbers

2015 Cooma Cottage 7,620 83 1,650 1,868 Dundullimal 31,301 111 7,904 5,387 Everglades Gardens 234,383 981 32,648 30,934 Experiment Farm Cottage 6,182 27 4,164 4,830 Grossmann House 3,837 20 1,408 4,042 Harpers Mansion 23,606 140 6,615 6,286 Lindesay House 3,260 614 6,504 5,955 Miss Porter's House 1,127 55 706 541 Miss Trail’s House 7,314 687 2,449 2,074 Norman Lindsay Gallery 169,189 780 17,655 17,882 Old Government House 12,395 567 23,751 18,025 Riversdale 6,843 1,594 9,205 11,200 Saumarez Homestead 29,030 156 8,682 9,023 S.H. Ervin Gallery 150,247 3,206 25,108 20,539 Tomago House 1,823 9 763 2,167 Vienna Cottage 150 262 4,408 2,610 Woodford Academy 7,603 277 1,766 1,207

695,910 9,569 155,386 144,570 Visitation includes all property usage including no-charge entry however when Trust Members visit as part of a group on the Group Entry Ticket their visit is not counted separately as a Trust Member visit.



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INTER-COMMITTEE DONATIONS The following committees provided inter-committee donations during the year:

FROM TO 2016

$ 2015

$ General Committees Central West Women’s Committee Miss Traill’s House - 20,000 Bathurst Branch - 5,000 Women’s Committee Everglades Gardens 3,500 - Woodford Academy 3,500 - Lindesay Management Committee 52,786 55,232 Miss Traill’s House 7,000 - Central West Open House Weekend Committee

Miss Traill’s House

20,000

-

Dundullimal 1,000 - 87,786 80,232 Friends, Regional and Branch Committees Blue Mountains Branch Woodford Academy 1,160 1,877 Norman Lindsay Gallery 1,000 1,940 Everglades - 500 Friends of Cooma Cottage Cooma Cottage 1,654 300 Friends of Everglades Everglades 3,617 6,027 Friends of Norman Lindsay Norman Lindsay Gallery 15,000 12,000 Friends of Old Government House/Experiment Farm Cottage Experiment Farm Cottage 8,946 8,000 Friends of Old Government House/Experiment Farm Cottage Old Government House 29,434 3,500 Friends of Riversdale Riversdale 10,000 12,500 Southern Highland Branch Harpers Mansion - 3,800 Golden Vale 11,163 10,900 Parramatta Branch Old Government House - 2,000 81,974 63,344 Total Inter-Committee Donations 169,760 143,576



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TOTAL FUNDS HELD FOR FUTURE APPLICATION

$

Women’s Committee Interest 2009/2010 22,019 Tomago House Maintenance Fund 2009/2010 16,851 EFC Maintenance Fund 2009/2010 31,600 S. H. Ervin Maintenance Fund 2009/2010 16,877 Wirrimbirra Maintenance Fund 2009/2010 3,227 Miss Porter’s House Maintenance 2009/2010 3,321 Sustainability Fund 2009/2010 20,956 Sustainability Fund 2010/2011 500 Remnant Native Bushland linked to 6 properties Spring Appeal 2010 2010/2011 24,170 Lindsay Conservation Fund 2015/2016 5,500 S H Ervin Gallery Restoration Appeal 2015/2016 52,255 Tomago Storm Damage Appeal 2015/2016 41,175 Total 238,451

the national trust of australia (new south wales)

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