Annual&Review& 2010/2011!

Transcription

1 Annual&Review& 2010/2011 CountryEducationFoundationofAustralia POBox239,YassNSW2582Australia

2 Annual Review 2010/ Contents Chairman sreport 3 ChiefExecutiveOfficer sreport 5 CondensedFinancialReport 9 DonorsandSupporters 10 DonorsandInTKindSupporters 10 UniversityPartners 11 BoardMembers 12 EducationFoundations 13 NewSouthWales 13 SouthAustralia 13 Queensland 13 NorthernTerritory 13 CEFAStaff 14 DonatingtoCEFA 15

3 Chairman sreport Annual Review 2010/ TheyearpastwashighlightedbyanumberofmilestonesinthegrowthoftheCountryEducationFoundationof Australia(CEFA)tobecomingamainstreamphilanthropygroupfocusedontheyouthofregionalAustralia. Ourgeographiccoverageexpandedtoamembershipoffortycommunities.Wewereexcitedtofinallyachieve theestablishmentofafoundationinalicespringstoservicethechallengingcommunityissuesofthattownship andthesurroundingregions.thegrowthoffoundationsincludedcoleamballytdarlingtonpointandhastingsin NewSouthWalesandKapundainSouthAustralia. Allcommunitiesintheirownwaycontributedtothematerialeffectwehadonover340 younglivesandthe careers they were embarking upon. Interestingly the study by Social Ventures Australia, commissioned to independently assess the community benefit and investment return from the activities of our Foundation entitledthesocialreturnoninvestment,showedthatforeverydollarinvested,cefaprovided$3.10ofsocial andeconomicvalue.byanymeasurethisisaverygoodinvestmentandthat sbeforemanyoftheindividual humanfactorsareputintothebenefitequationasitaffectsyounglives. CEFAcontinuedtheexpansionofitseducationpartnershipswiththeUniversityofNewEnglandandJamesCook UniversityjoiningthesupportingEducationPartnernetworkavailabletomembers.Whilstnottakingforgranted thoseexistingrelationshipswewereencouragedbythecontinuedsupportofthemainstreamuniversitiesand technologyinstitutionsinnsw,qldandsouthaustralia.ineachinstancewehavedeepenedtherelationship withtheseinstitutionsandtheirrespectiveencouragementofourworkhasbeenhearteningtousandclearly beneficialtothosestudentsinvolvedintheirprograms. Therecordbreakingfinancialsupportthatwewereabletogiveduringthecourseoftheyearwasmadeallthe more possible with the establishment of a twotyear partnership with the Origin Foundation. The Origin Foundationhasastrongcommitmenttoeducationandcommunityvaluesandwasinfluencedinitssupportby thesimplicityofourmodelandthestronggovernancestructuresthatwehaveputinplace,withthesupportof communitymembers,throughournewconstitution. Aspartofourmaturityintoalastingphilanthropicorganisationwehavecontinuedtobuildfinancialreserves which are prudentially invested in investment grade equities. The Fund now stands at $254,000 and allows protection against adverse events of an unpredictable nature. This past year income from the Fund totalled $10,000.ItisourobjectivetoinvestgraduallyandbuildtheFundtoenableustocoverourkeyoperatingcosts fromtheinvestmentincomeearned. OneofthetruehighlightsofourcalendarwastheWalkofWonderswhichwasattendedbyover250peopleand involvedoneofthemostenchantingandupliftingwalksalongthebanksofthemurrumbidgeeriveratjugiong, NSW. Our heartfelt thanks to Jo Miller and Kathy Tait who were energetic and masterful in making such an effectivefundraisingeventsomuchfunandsuchanimpressivedisplayoftheircommunityandenvirons.the name WalkofWonders hasbeenregisteredbyusandweintendtoshowcaseotherareasrepresentedwithin ourportfolioofcommunitieswithsimilarlyartisticandnaturalwonderstoshare. We have again enjoyed a year of professional and moral support from Beth Hoskins, Boyce Chartered Accountants,andcommitmentfromtheexecutiveteamofJocellinJanssonandAnnabelGay. YouwillbeawarethatJocellinJanssonhasleftustojointheRASFoundationandindoingsoleavesamore substantialandfocusedorganisationthanshemetonherarrival.ourverybestwishestojocellinforsuccessin hernewrole.

4 Annual Review 2010/ WewerefortunatetohaveanindividualofAnnabelGay sexperienceandloveforwhatweundertaketomove intothechiefexecutiveofficer sposition.thisshehasdonewithenergyandefficiency.oneofherfirststeps wastomoveourofficetoorangewherewenowhaveasimpleandeffectiveofficewhichseeshenriettahood joiningusasourcommunicationsofficer. I cannot close without specially recording the outstanding dedication Katie Walker continues to exhibit in managingouraffairssoprudentiallyandwithhertrademarkefficiency. LastlytomyfellowDirectorsandtheexecutiveteamofJuliaBurtonTaylorandGuyMilsonmyheartfeltthanks fortheirgoodhumourinwhathasbeenaverybusyyear. NickBurtonTaylorAM September2011

5 Annual Review 2010/ ChiefExecutiveOfficer sreport The 2011 financial year has seen another record year of achievements for CEFA and our local Education Foundationcommunities.Keyachievementsfortheyearincluded: - EstablishmentofnewlocalEducationFoundationsandexpansionintotheNorthernTerritory - GrowthinthenumberofEducationPartners - ArecordyearofgrantTmakingbylocalEducationFoundationsandcoTfundingfromEducationPartners - Increase in aspiration enhancement programs both the number of programs and the number of participants - FormationofatwoTyearpartnershipwiththeOriginFoundation,providingfundingforCEFAprogramsand forlocaleducationfoundationgranttmakingcapacity& - RelocationoftheCEFAnationalofficetoOrange,NSWandrecruitmentofnewstaff Benefits&Provided&to&Local&Education&Foundations& InaccordancewiththenewconstitutionpassedbytheEducationFoundationsinthepreviousfinancialyear,7.5 percentofdonationsreceivedbythefoundationsinthe2010/11financialyearwereretainedbycefa,totalling $7,181innonTtaxdeductibledonationsand$18,664intaxdeductibledonations.Thiscontributionbyourlocal EducationFoundationsassistswithCEFA soperationandadministrativecostsinestablishingandmaintaining partnershipsandprogramswhichdeliveradditionalsupport,fundsandbenefitstoruralandregionalyouth.the tablebelowdemonstratesthebenefitscefadeliveredtothelocaleducationfoundationsinreturnforthelocal donationcontributions: EducationPartnerCoTfunding $246,095 EducationAspirationEnhancementPrograms $145,000 ExternalScholarshipsandInTkindSupport $57,200 AdditionalDonationsandFunding $77,500 Total&Value&of&Benefits&Provided&to&CEFA&Communities& Total&Value&of&CEFA&Grants&and&Education&Partner&CoEFunding&for&2011& $525,795& 2011CommunityGrants $372, EducationPartnerCoTfunding $246,095 Total&Value&of&2011&Student&Grants& $618,690& - Thetotalnumberofgrantsprovidedtoruralyouthfor2011was349,withtheaveragenumberofgrants providedpercommunitybeing11andtheaveragevalueofeachgrant$1, ThetotalvalueofgrantsfromEducationFoundationswas$372,595,anincreaseofeightpercenton Since1994,1,709communitygrantshavebeengiventoruralyouthtotalling$1,705, EducationPartnercoTfundingincreasedfrom$185,025in2010to$246,095,reflectingagrowthof33per cent.

6 Annual Review 2010/ ThetotalvalueofsupportprovidedtoyouthinCEFAcommunitiesin2011(localgrants,EducationPartner cotfunding, external scholarships and education aspiration enhancement programs) was $820,890 T an increaseof22percenton2010($677,215). - In total CEFA, our local Education Foundations, Education Partners, external scholarship and program providershaveprovided$2,894,896ofsupportsince1994. New&local&Education&Foundations& ThestronggrowthoflocalEducationFoundationsinthepreviousyearhascontinued,particularlyinNSW.In September 2010, the Coleambally/Darlington Point Country Education Fund was launched by an enthusiastic committee and supportive community. This Fund began providing grants in the 2011 academic year and supportedeightstudents.theyalsosentparticipantstothe2011rabobankyoungruralleaderssummit.two newcommitteeslaunchedinmarch2011 thekapundahighschoolcentenaryeducationfoundationinsa, whichwasanalreadyestablishedcommittee,andthehastingseducationfundinnsw.injunecefaattended thelaunchofthecentralaustralianeducationfoundationinalicesprings.thisisthefirstlocalfoundationin thenorthernterritoryandthelaunchwasverywellattendedbylocalbusinesses,council,rotary,highschools and universities. These last three Education Foundations will be in a position to provide grants to their local youthinthe2012academicyear. Growth&in&Education&Partnerships& TwonewEducationPartnerscameonboardthisyear:theUniversityofNewEngland(UNE)inNSWandJames CookUniversity(JCU)inQLD.BothuniversitiesarepopularchoicesforstudyamongstCEFAstudentsanditwas great to be able to complement the students local grants with cotfunding from UNE and JCU in April SeveralofCEFA sagreementswithcurrenteducationpartnersexpiredattheendof2010andallofthesehave nowbeenrenewed,withsomeincreasingtheirannualpledgetoofferevengreatersupport.asaresultofthese newandcontinuingpartnerships,cefastudentsreceivedarecordamountofcotfundingfromourpartnersin 2011.

7 Annual Review 2010/ Increase&in&Education&Aspiration&Programs& University*Experience*Programs* The University of Technology, Sydney (UTS) and Macquarie University Experience Program included eight schoolsin2011,with38 participantsandseventeachersvisitingsydneyinmay.basedonthesuccessofthis program, a similar experience will be piloted in Canberra next financial year, fullytfunded by the Australian NationalUniversityandtheUniversityofCanberra.FiveschoolsinNSWhavebeeninvitedtotakepartinthis program. Careers*in*Science Previouslyavailabletofemalestudentsandthreeschools,the2011CareersinScienceProgramwasexpandedto include male students and three additional high schools. Thirty students attended the program in Sydney in November2010tolearnaboutstudyandcareeropportunitiesintheSciencefield.UTSfullyTfundedtheprogram andthestudentsspentadayexperiencinguts sciencecoursesandcareersopportunities.thisyear svisitalso includedatriptothecsirotofurtherthestudents awarenessandaspirations. Rabobank*Young*Rural*Leaders*Summit* Funding from Rabobank for the 2011 Rabobank Young Rural Leaders Summit provided scholarships to 18 participantsfromnsw,qldandsa.agroupthissizewasveryeffectiveandfuturesummitswillworktothe same number. The calibre of the participants community projects was outstanding with issues addressed includingdrugandalcoholabuse,antitsocialbehaviour,obesity,depressioninteenagersandroaddeathtolls. Origin&Foundation&Partnership& In April 2011, CEFA signed a twotyear partnership agreement with the Origin Foundation. The partnership providescefawith$162,000perannumfor2011and2012.thisfundingisbeingdistributedintwoways:tothe EducationFoundationstoincreasetheirgrantTmakingcapacityandtoCEFAtosupportnationalprogramsand projects. EveryactiveEducationFoundationwillreceive$1,500eachyearofthepartnershipandtwoFoundations,where OriginEnergyhasapresence,willreceive$10,000eachyear.The2011fundingwasdistributedinApril. The second portion of the Origin Foundation funds is being retained by CEFA for our programs and various projects including the University Experience Programs, Careers in Science, the annual Education Partner Scholarships Listing and the establishment of one local Education Foundation in 2011 and one in Our CentralAustralianEducationFoundationwasestablishedwithOriginFoundationfundinginJune2011. & Office&Relocation&and&Staff& AfterfouryearsastheExecutiveDirectorofCEFA,JocellinJanssonlefttheorganisationinMay2011topursue otheropportunities.annabelgay,previouslythecommunicationsandprojectsmanager,acceptedtheposition ofceoatthattime. InJune,thenationalofficemovedfromSydneytoOrangeinthecentralwestofNSW.Themovebroughtthe officeclosertomanyofourlocaleducationfoundations,improvedtheinteractionwiththesecommitteesand

8 Annual Review 2010/ alsostrengthenedourconnectiontoruralandregionalaustralia.acommunicationsandprojectsemployeewill be sought for the new office to bring the national body back to full staffing capacity and ensure resource effectiveness. At the time of writing, Henrietta Hood has joined CEFA as the Communication and Projects Officer. The2011financialyearclosedwithCEFAinasoundposition,poisedformoreexcitingdevelopmentsmoving forward. Our relations with the local Education Foundations, Education Partners and donors have been positively maintained and remain strong and interactive. These groups continue to keenly support our programs and endeavoursandmanyactivelyandpersonallyengageinourworkthroughoutruralandregionalaustralia.we recognisetheirsupportandaregratefulfortheircontributions. On a final note, thank you to the CEFA staff and Board for their hard work, support and encouragement throughouttheyear.wewelcomethecomingyeartobringmoreofthesamesuccessesandtocontinueour workprovidingbenefitandopportunitiestoruralandregionalaustralianyouth. AnnabelGay November2011

9 Annual Review 2010/ CondensedFinancialReport YearEnding30June2011 Funds&We&Raised& & & 2011& 2010& DonationsandProgramFunding 1,080, ,000 IncomefromFundsInvested 26,000 22,000 ChangeinValueofInvestments 3,000 3,000 OtherIncome 9,000 5,000 1,118,000& 908,000& What&We&Spent& DistributedtoRegionalFoundations 578, ,000 Administration(Travel,Staff,PrintingandStationery, Accommodation) 294, ,000 ProgramFunding(OutwardBound,UniversityExperience Program,CareersinScience) 68,000 73,000 DVDDevelopmentCostsWrittenDown 4,000 3, ,000& 831,000& Retained&for&Ongoing&Initiatives&/&Paid&out&of&Reserves& 174,000& 77,000& What&We&Own& Cash 366, ,000 Investments 260, ,000 OtherAssetsIncludingIntangibles 20,000 25, ,000& 446,000& What&We&Owe& SundryPayablesandProvisions 58,000 33,000 Our&Net&Assets& 588,000& 413,000&

10 Annual Review 2010/ DonorsandSupporters Thanksgotoournationalsupportersanddonorswithoutwhoseassistancewecouldnothaveachievedallthat wehavethisfinancialyear. DonorsandInTKindSupporters AirservicesAustralia AvisAustralia BoiltheBillyCoaching BoyceCharteredAccountants TheBurtonTaylorFoundation CRoyale TheCaledoniaFoundation CentralHopeCutters CharitiesAidFoundation ChrisRoberts ChristopherGrubb ChristopherJKomor ClareConnell TheCowledFoundation DavidSmales DavidSmithers EdwinaEakins FairfaxMedia HillgrovePastoral Industry&InvestmentNSW JimRayner JindabynePharmacy JocelynandJimMiller JockHMacLachlan JohnVKean JugiongCommunity,NSW JumbuckPastoral KarinaMerriman KathyandSandyTait TheMacquarieGroupFoundation TheMcLeanFoundation TheOriginFoundation PeterJollie PeterBWedgwood ProtrustPtyLtd R.M.WilliamsOUTBACKMagazine RabobankAustralia TheRaymondEPurvesFoundation RandSMapleBrown TheRotaryClubofSydney TheSnowFoundation StephanieO Connor SydneyBusinessLawyers TheTenixFoundation TerenceRoach TheLandNewspaper Yass&DistrictPrinting TheYugilbarFoundation

11 Annual Review 2010/ UniversityPartners AustralianCatholicUniversity& AustralianNationalUniversity& CanberraInstituteofTechnology& CharlesSturtUniversity& FlindersUniversity JamesCookUniversity& MacquarieUniversity& QueenslandUniversityofTechnology SouthernCrossUniversity& TocalAgriculturalCollege& UniversityofCanberra UniversityofNewEngland& UniversityofNewSouthWales& UniversityofNewcastle UniversityofSouthAustralia UniversityofSydney UniversityofTechnology,Sydney UniversityofWesternSydney UniversityofWesternSydneyTHawkesbury UniversityofWollongong UniversityofAdelaide&

12 BoardMembers Annual Review 2010/ NickBurtonTaylorAM,FCA Chairman CoTfounderofCountryEducationFoundationofAustraliaandfoundingmemberofBoorowaEducationFoundation.Past ChairmanandcurrentDirector oftheaustralian Agricultural Company, adirector of CSR Limited and a member of the Rabobank Advisory Board. Former Director of Airservices Australia, the Federal Airports Corporation, Sydney Airport Corporation Limited, Hazelton Airlines, Graincorp Ltd, Australian Topmaking Services, Rural Press, the Meat Research Corporation and past President of the Institute of Chartered Accountants in Australia. Principal of Hillgrove Pastoral Company,aproducerofbeefandgrain.FormermemberoftheRabobankAdvisoryBoard. JuliaBurtonTaylor Secretary CoTfounder of Country Education Foundation of Australia and member of Boorowa Education Foundation. Director of Hillgrove Pastoral Company and Kenny's Creek Angus. Past director of Bypass Stockfeeds. Past and active member of numerouscharitycommitteesandcommunityprojects. GuyMilson Treasurer ManagingPartnerofMilsonFamilyPartnership,Directorofanumberofprivatefamilyinvestmentcompanies,Chairperson ofgoulburndistricteducationfoundationandnumerousrolesinlocalcharitableandsportingorganisations.& DavidSmithersAM,FCA Extensive experience in the financial services sector, particularly in corporate valuation, mergers and acquisitions, privatisationsandrestructuring.formerlychairmanoftheprofessionalservicesfirmpricewaterhousecoopers,amember ofthepwcglobalboardandapastpresidentoftheinstituteofcharteredaccountantsinaustralia.& StuartBlackFCA ManagingPartnerofChapmanEastwayCharteredAccountants,withbroadexperienceintheprimaryproductionsector andaninterestinphilanthropy.pastchairandcurrentdirectoroftheaccountingprofessional&ethicalstandardsboard Ltd,aNonTExecutiveDirectorofCoffeyInternationalLtdandapastPresidentoftheInstituteofCharteredAccountantsin Australia. & & MichaelBoyceFCA,FAICD,BComm,HDA Founding Partner of BOYCE Chartered Accountants in Director and a member of the Audit and Compliance committeefornamoicottoncotoperativeltd.adirectorofmonbeefptyltdandhazeldeanptyltdandchairmanof FugenHardwareGroup.PastmemberoftheInstituteofCharteredAccountants.& CatherineWalker PartnerinaYassgrazingoperation.PastChairmanoftheYassDistrictEducationFoundation.PastPresidentoftheSkiClub of Australia and the Ascham Parents Association. Over 25 years involvement in charity work including the Guide Dogs Association,HortonHouseNursingHomeandtheYassAgedCareFoundation.&

13 Annual Review 2010/ EducationFoundations NewSouthWales Balranald Gilgandra Monaro(Jindabyne,Cooma,Bombala) Boorowa Goulburn Moree Braidwood Gulargambone Mudgee BrokenHill Gunnedah Narrabri Coleambally/DarlingtonPoint Harden Temora Coonamble Hastings UpperHunter Cootamundra Hay WestWyalong Cowra Lockhart Yass Dubbo Merriwa Young EdwardRiver(Deniliquin,Conargo) SouthAustralia CooberPedy Kapunda Lameroo Eudunda Kimba TorrensValley KangarooIsland Wool,WineandWheat(Clare,Burra,Snowtown,Balaklava,Riverton) Queensland Blackall Tambo& Clermont& Maranoa(Roma,Injune,Surat,Muckadilla,Mitchell,Amby,Mungallala, Jackson,Yuleba,Wallumbilla) Paroo(Cunnamulla,Eulo,Wyandra,Yowah) NorthernTerritory CentralAustralia(AliceSprings)

14 CEFAStaff & Chief&Executive&Officer& AnnabelGay Communications&and&Projects&Officer& HenriettaHood Executive&Finance&Officer&& Catherine(Katie)Walker Auditor&& BoyceAssuranceServicesPtyLimited Annual Review 2010/

15 Annual Review 2010/ YourDonationWillHelp Bequests or donations are gratefully received by the Country Education Foundation of Australia Ltd and all amountsof$2ormorearetaxdeductible. ArrangementsforbequestscanbemadethroughanyrecognisedTrusteeCompanyorSolicitor.Alternatively, ourchiefexecutiveofficerwouldbepleasedtomeetwithyouanddiscussyourwishes. & The&Country&Education&Foundation&of&Australia&Ltd& ACN&103&889&452& POBox239 YassNSW2582 Phone Website