Heide Museum of Modern Art 2010 Annual Report

More documents

Recommendations

Info

Independent Audit Report INDEPENDENT AUDIT REPORT TO THE MEMBERS OF HEIDE PARK & ART GALLERY Report on the financial report Heide Museum of Modern Art 2010 Annual Report We have audited the accompanying financial report of Heide Park & Art Gallery (the company), which comprises the statement of financial position as at 31 December 2010 and the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year ended on that date, a summary of significant accounting policies and other explanatory notes and the directors’ declaration. The Responsibility of the Directors for the financial report The directors of the company are responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Act 2001. This responsibility includes establishing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor’s responsibility 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. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. 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. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 78
Independent Audit Report Independence Heide Museum of Modern Art 2010 Annual Report In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001. We confirm that the independence declaration required by the Corporations Act 2001, provided to the directors of Heide Park & Art Gallery on 18 March 2011 would be in the same terms if provided to the directors as at the date of this auditor’s report. Auditor’s opinion In our opinion the financial report of Heide Park & Art Gallery is in accordance with the Corporations Act 2001, including: a. giving a true and fair view of the company’s financial position as at 31 December 2010 and of its performance for the year ended on that date; and b. complying with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Regulations 2001. Saward Dawson Chartered Accountants Tim Flowers Partner Dated 18 March 2011 79
Page 1 and 2:
Heide Museum of Modern Art 2010 Ann
Page 3 and 4:
1. Statement of Purpose & Values ST
Page 5 and 6:
3. Chairman & Director's Report 3.
Page 7 and 8:
3. Chairman & Director's Report Hei
Page 9 and 10:
4. Cultural Programming In 2010 Hei
Page 11 and 12:
4. Cultural Programming 4.1 Exhibit
Page 13 and 14:
4. Cultural Programming 4.1 Exhibit
Page 15 and 16:
4. Cultural Programming 4.2 Public
Page 17 and 18:
4. Cultural Programming 16 Art acti
Page 19 and 20:
5. Commercial Operations 5.2 VISITO
Page 21 and 22:
6. Collection 6.1 Acquisitions 6.1
Page 23 and 24:
6. Collection 2010.30 Penelope Davi
Page 25 and 26:
6. Collection 2010.60 Domenico de C
Page 27 and 28:
7. Facilities 7.2 Gardens 26 Heide
Page 29 and 30: 8. Communications & Marketing 28 Co
Page 31 and 32: 9. Graphic Design 9. GRAPHIC DESIGN
Page 33 and 34: 10. Development Heide Foundation Co
Page 35 and 36: 10. Development 10.2 2010 Partnersh
Page 37 and 38: 10. Development 10.2 2010 Partnersh
Page 39 and 40: 11. Governance 11.1 Board 11.1 BOAR
Page 41 and 42: 11. Governance 11.2 Heide Board Sub
Page 43 and 44: 11. Governance 11.3 Board Directors
Page 45 and 46: 12. Staff & Volunteers Visitor Serv
Page 47 and 48: 12. Staff & Volunteers 33 guests at
Page 49 and 50: 13. Financial Statements 13. FINANC
Page 51 and 52: 13. Financial Statements Informatio
Page 53 and 54: 13. Financial Statements Members’
Page 55 and 56: 13. Financial Statements STATEMENT
Page 57 and 58: 13. Financial Statements STATEMENT
Page 59 and 60: 14. Notes to the Financial Statemen
Page 79: Directors’ Declaration DIRECTORS
show all

Heide Museum of Modern Art 2010 Annual Report

Create successful ePaper yourself

Delete template?

Save as template?