Annual Report 2009 – 2010 - Asthma Foundation of Western Australia

asthmawa.org.au

Annual Report 2009 – 2010 - Asthma Foundation of Western Australia

Annual Report 20092010

Asthma Foundation of Western Australia Annual Report 20092010

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We thank our sponsors for

We thank our sponsors and

partners for their ongoing support

their ongoing support

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Contents

1 Vision, Mission and Core

Values

2 President’s Report

3 CEO’s Report

5 Our Board and Management

6 Board Member Profiles

8 Asthma Media

10 Health Services

12 Research

14 Business Development

15 HBF Freeway Bike Hike for

Asthma

16 Volunteers, Supporters and

Lotterywest Grant

17 Financial Report

18 Treasurer’s Report

19 Statement by the Board

19 Statement by the Honorary

Treasurer

20 Audit report for the Asthma

Foundation of WA Inc

21 Financial reports and Notes

for the Asthma Foundation

of WA Inc

26 Statement by the Trustees

27 Audit report for the Asthma

Research Fund of WA

28 Financial reports and Notes

for the Asthma Research

Fund of WA

33 Our story in pictures

Our vision

To free Western Australians from asthma

Our mission

Working with the Western Australian community to

help people with asthma and linked conditions breathe

better.

Our core values

Collaboration

Working with the community and medical, corporate

and government partners to get the best outcomes for

people with asthma and linked conditions

Trust

Being a proven, reliable source of information,

education and advocacy for consumers, health service

providers, funders and supporters

Passion

Working hard to make a positive difference for people

living with asthma and linked conditions, along with

their carers

Creativity

Using innovation and efficiency to solve problems and

anticipate and respond to the varying needs of the

community

Asthma Foundation of Western Australia Annual Report 20092010

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President’s Report

The Asthma Foundation of

Western Australia has enjoyed a

challenging 18 months since the

last Annual Report to our members

and stakeholders across the state.

During that time, the Foundation has

worked tirelessly to ensure that those

living with asthma have had the very

best access to education and assistance

in managing their condition.

A highlight from this reporting period

was the recognition afforded to Board

member Mr Barry Rubie being awarded

the Medal of the Order of Australia. We

congratulate Barry on his wonderful

achievement and thank him for his 27

year commitment to the Foundation.

Although we have exceeded in the

delivery of services to the community,

it is fair to say that the economical

downturn certainly presented its share

of challenges for the Foundation.

The difficulty in attracting sustainable

corporate support has impacted our

financial stability and is an area that

requires constant attention.

Our fundraising however was an area

that was extremely successful. Our

marquee event, the HBF Freeway Bike

Hike for Asthma is a fantastic experience.

To see more than 8500 participants

cycling along Perth’s major freeway was

a sight to behold. The potential for this

event is exciting.

Our Health Services team have worked

tirelessly in the community delivering

programs funded by the Commonwealth

and State governments and I

acknowledge their ongoing support of

both our Adolescent and Child Asthma

Program (ACAP) and Community

Support Program (CSP) initiatives.

We continue to work closely with

Asthma Australia in relation to delivery

of national programmes and we thank

the President of Asthma Australia, Mr

Ian Adams and the Board of Asthma

Australia for their continued support.

Lotterywest provided funding through a

grant which allowed the Foundation to

upgrade its IT services and commence

work on a new website. We are

extremely grateful to Jan Stewart and

the Lotterywest team for providing this

opportunity.

In the early part of 2010 the Board

commenced developing a new vision

and Strategic Plan for implementation in

the upcoming financial year. It addresses

the long term financial viability of the

Foundation, our staff and expanding our

services in regional WA.

I acknowledge the efforts of my fellow

Board Members, Asthma Foundation of

WA staff, and the many volunteers who

dedicate time and energy to assist us in

delivering our programmes.

I would like to take this opportunity to

acknowledge my Executive, in particular,

the Vice-President, Mr Warren Campbell

and the Treasurer, Mr Vic Court for their

continued support. Once again, these

volunteers give many hours of service to

the Foundation and I am confident that

with their vision, we can only go from

strength to strength.

It is an honour to have served as

President for the last 15 months and I

look forward to the challenges ahead.

Darren Beazley

President

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CEO’s Report 2010

It is with pleasure that we present

the Annual Report of the Asthma

Foundation of WA. It is a report

that covers 18 months of operation

due to the Board’s decision to

change from a calendar year

in 2008, to a financial year of

reporting to 30 June 2010. I trust

you will enjoy reading about our

work in the community.

Since January 2010, there has been

significant change at the Foundation. Not

in any particular order, nor least important,

has been the decision to change the

way we do business. This was not an

easy decision, nor has it been received

wholeheartedly. The Asthma Foundation

of WA has experienced financial losses

that, if not reigned in, would see it

become insolvent within a very short

period of time. This must never be

allowed to happen. Accordingly,

through the direction and guidance of the

Board of the Asthma Foundation of WA,

we have set about addressing this issue

and through this report we will outline

not only where we have come from, but

where we intend to be.

Strategic Direction

Perhaps the most significant process

adopted by the Board was to develop

and deliver our 3 year strategic plan

“Let’s free WA from asthma” 2010

– 2013. If adhered to, the Foundation

will be in a strong financial and cultural

position within the set timeline.

Sustainable income is the key ingredient

and will underpin all future initiatives

and partnerships. We will promote the

Asthma Foundation of WA like never

before, deliver a service of the highest

order, ensure every West Australian can

access our products and services and

return our level of research funding to

that of ten years ago.

Strong commercial partnerships and

government support will ensure financial

security and delivery on all strategic

areas. Our staff will benefit from this

approach and in turn we will create a

working environment that is conducive

to high performance. I strongly

encourage you to go onto our website

and read or download a copy.

www.asthmawa.org.au

Financial Performance

This year’s Annual Report includes our

financial performance for the last 18

months. Whilst our Balance sheet is

stronger, our operating deficit is the area

of greatest concern.

To address this, firstly we needed to

develop a budget that reflected the

seriousness of the situation and include

all stakeholders in asking them to assist

us in its delivery. Secondly, an evaluation

of the delivery of functions and events

hosted by the Asthma Foundation of

WA was conducted. It was apparent

that great effort from staff went into

delivering a high standard production;

however the return far outweighed

the investment. A difficult decision

was taken to warehouse these items

until we had “righted the ship”. Our

marquee event, the HBF Freeway Bike

Hike for Asthma however, has the

potential to address a number of issues.

Membership of our Foundation posed

yet another opportunity to engage with

the community whilst delivering future

benefits. An evaluation of our working

environment and the premises offered a

further income stream by way of leasing

one of the Foundation’s units.

The final strategy was to develop a

3 year projected budget that will be

adjusted quarterly to track our progress.

This is difficult work, but necessary

and requires the commitment of all

Foundation staff. However, when

successful, the rewards will be very

satisfying.

Branding

During evaluation of the Foundation,

it was apparent that a new course

meant a new look. With National

direction and input from all States, the

opportunity arose to adopt a fresh and

consistent message across the country.

Our adoption of the balloon logo is

significant in that it represents the need

for air to “function as designed”. The

colour scheme of blue, with black and

white images, addresses the seriousness

of asthma. The tag line “It’s about

time…” outlines the importance that

air is to mankind. You can survive a

few weeks without food, perhaps

a few days without water, but only

a few minutes without air! We hope

the WA community gets behind our

message and uses such options as; It’s

about time… we found a cure, It’s about

time… you visited your doctor, It’s about

time… we all took asthma seriously.

Partnerships

The Asthma Foundation of WA enjoys

loyal support from many quarters. Three

very important friends are the Western

Australian Department of Health,

Lotterywest and EVOL LNG.

The Department of Health have

continued to support our program

delivery over many years. During this

reporting period, an extensive review

of the “outcomes required” to support

future funding was carried out with a

large range of Health experts. The result

was a 4 year commitment of funding

extending through to 2013.

Lotterywest provided an Information &

Technology grant that enabled all our

operating systems to be upgraded to

assist in communicating and delivering

our service. Our new website provides

a vehicle to not only communicate with

our asthma family, but also to help us

generate funds vital for future research.

We are forever in debt to this proud

West Australian institution.

Asthma Foundation of Western Australia Annual Report 20092010

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CEO’s Report (continued)

EVOL LNG, through Mr Brad Lowson,

has a special place in our hearts. Not

only do we receive significant financial

support, his daughter Olivia is our junior

ambassador and has been fantastic in

helping us promote the work we do in

the community.

Our task is to grow this band of

supporters, however not as sponsors,

but as partners that grow together and

mutually benefit from the relationship.

National

With the decision to appoint a National

CEO, Ms Debra Kay, Asthma Australia

has commenced its most challenging

task of bringing together all states and

territories under one banner. Obviously,

eliminating the duplication of costs

and delivering a united and consistent

message nationally for asthma can only

result in a good outcome. Debra has

delivered a national blueprint for the

country and WA quickly endorsed and

embraced the vision. The changes I have

alluded to throughout this report are

as a direct result of the close working

relationship between our President,

Darren Beazley and Debra Kay. This is a

great platform from which to launch.

Staff

There has been significant change in

personnel during the last 18 months,

which created opportunity to reduce the

administrative costs of our Foundation,

before replacing staff as they pursued

alternative career paths. Our former Health

Services Manager, Piper Marsh’s ten year

commitment to the Foundation warrants

recognition. Piper was instrumental in

sourcing sustained funding through health

grants, working with the Health Networks

division, in particular Senior Development

Officer, Belinda Whitworth. Her attention

to detail and commitment to our Health

Services division will be the benchmark for

future leaders. Margaret Seebeck, Finance

& Administration Manager, is another

member who has just completed 10 years’

service. This is a remarkable commitment

in a very demanding position. I thank these

two individuals, along with all our staff and

volunteers of the Foundation, and publicly

acknowledge their efforts and long hours

in assisting us deliver our service.

Summary

Western Australia is unique in so many

ways and doing business in the west

is markedly different to that of the

east coast. Obstacles that we must

address include the volume of business

is less, the options and competition for

corporate support is greater, and the

economical drive from the booming

northwest has changed the landscape.

We need to change with it.

Donors support what we do, not what

we look like and businesses want a

return on their investment, albeit in

our case, a social return. We need to

constantly measure our success and

continually evaluate our programs. We

need to be clear as to what we exist

for and “what it is we do”. We need

champions for our cause, to link up with

like-minded organisations and finally

bury the “not for profit” tag. The more

money we generate, the more money

can be spent to free WA from asthma!

As GC Lightenberg once remarked,

“Always ask yourself, how can this be

done better.”

David Johnson

Chief Executive Officer

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Our Board and Management

Patron

His Excellency Dr Ken Michael AC

Governor of Western Australia

Board

Ms Leanne Preston, President

(to March 2009)

Mr Darren Beazley, President

(from May 2009)

Mr Warren Campbell, Vice President

Mr Vic Court AM, Hon Treasurer

A/Prof Alan James

Mr John Kerr OAM

Mr Andy Milne

Mr David McKenna

(from May 2009)

Mr Barry Rubie OAM

Mr Cathal Smith

Ms Lisa Viska

(from December 2009)

Prof. Wayne Thomas

Dr Hilda Turnbull

(to July 2009)

Dr Alan Wright

(to October 2009)

Chief Executive Officer

Mr John Gummer

(to January 2010)

Mr David Johnson

(from February 2010)

Health Services Manager

Mrs Piper Marsh

Fundraising and Events

Manager

Ms Georgia Kennedy

(to August 2009)

Strategic Relationship

Manager

Mr Mark Hullett

(to October 2009)

Business Development

Manager

Ms Fiona Gardener

(from February 2010)

Finance and Administration

Manager

Ms Margaret Seebeck

Research Sub-Committee

Prof. Howard Mitchell, Chair

(to June 2009)

Assoc. Prof. Alan James, Chair

(from July 2009)

Dr Ingrid Laing

Dr Neil Misso

Prof. Geoff Stewart

Dr Debra Turner

Honorary Life Members

Mr Vic Court AM

Dr Ken Fitch AM

Dr John Hobday

Mr John Kerr OAM

Dr Mashie Levi

Dr Rod Mason

Mr Barry Rubie OAM

Dr Keven Turner AM

Mr David Webb

Mrs Roslyn Webb

Mr Grahame Young

Honorary Councillors

Mrs Doreen Ambler

Mrs Coralanne Cranston

Christian

Mrs Sue Fraser

Mr George Johnson

Dr David Mathias

Mrs Val McDonagh

Mr Robert Mitchell

Dr Mauro Mocerino

Mr Bruce Simpson

Mrs Pat Sinclair

Mrs June Steen-Olsen

Auditor

Stirling Partners & Associates

Asthma Foundation of Western Australia Annual Report 20092010

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Board Member Profiles

In 2006 he received an Order of

Australia (AM) for services to the Asthma

Foundation of Western Australia.

Now retired, he enjoys sailing his H28 out

of The South of Perth Yacht Club where

he has won several Club Championships.

Back row left to right: David McKenna, Lisa Viska, Andy Milne, John Kerr, Wayne Thomas and Cathal Smith

Front row left to right: Victor Court, Warren Campbell, Darren Beazley and Barry Rubie Absentee: Alan James

Darren Beazley

Darren is currently Director of Commercial

Operations with Perth 2011 ISAF Sailing

World Championships.

He has been heavily involved in

Australian Football, initially in junior

development with the West Australian

Football Commission and later as

General Manager of the Tasmanian

Football Development Foundation.

Prior to Perth 2011, he was General

Manager, Strategic Partnerships at the

Fremantle Football Club for four years.

Darren has extensive experience working

internationally and spent three years

working with Funge Systems in the

USA where he was Vice President

of Operations of the e-commerce

Company. He was also General Manager,

Business Development with the West

Australian Cricket Association (WACA)

with responsibility for all Commercial

Operations of the Association.

Warren Campbell

Warren Campbell has been working

in the Marketing and Advertising

industry for a total of 15 years. Warren’s

relationship with his current employer,

Creative ADM – Perth’s Premium Mid-

Sized Agency began in early 2002, and

re-commenced in 2010 after 2 years as

National Marketing Manager for the

Aspen Group. Work matters aside –

Warren’s love is for his family and friends

– and he also enjoys surfing and the

occasional round of golf.

Warren joined the Board in 2008 and

holds the position of Vice President.

Victor Charles Court AM

In the late 1960s a partner in his

Chartered Accountancy practice,

Hendry Rae & Court (now WHK

Horwath) suggested he join the board

of Asthma Foundation of WA as one

of the members advised him that some

professional input was required.

Associate Professor Alan James

MBBS, FRACP, MD

A/Prof. Alan James is a consultant

respiratory physician at Sir Charles

Gairdner Hospital and at Hollywood

Private Hospital, specialising in asthma,

smoking-related lung disease and

respiratory disorders related to sleep.

His research involves the investigation

of the role of airway smooth muscle in

asthma and COPD, and the genetic and

environmental risk factors for respiratory

disease in populations. Dr James is

currently Chair of the Steering Committee

for the Busselton Healthy Ageing Study

which will examine the combined effects

of co-morbidities on mental and physical

function during ageing. He trained in

Western Australia and as a Canadian

Research Fellow in Vancouver. He holds

appointments at the University of Western

Australia and Notre Dame University, has

published over 100 journal articles and

holds a Practitioner Fellowship from the

National Health and Medical Research

Council of Australia.

Alan joined the Board in 2009, over the

years has also held a position on the

Medical & Scientific Advisory Committee

and currently Chairs the Research

Advisory Committee.

John Kerr

John was born in Melbourne Victoria

and attended Wesley College,

matriculating in 1963. He attended

Melbourne University, completing a

Commerce Degree.

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Darren holds four educational degrees,

including an MBA. He is a member of the

Australian Institute of Company Directors,

and is a committed member of the

community serving as a Board member of

the Asthma Foundation of WA since 2007

and President since 2009, a member of

the executive of Asthma Australia, a Board

member of Venues West, Director of Peel

Thunder Football Club and sits on the

Council of Celebrate WA.

The longest serving Board Member, Vic

joined the Board in 1968, has held the

office of President twice and as Treasurer

for numerous years, a position he holds

today. In 1985 he was made an Honorary

Life Member.

John loved cricket and played 3

games with St Kilda as an opening

batsman before joining General Motors

Holden (GMH) as a cadet. John became

their youngest State Manager before

moving into the role of Managing

Director with Sydney Atkinson Motors.


John was approached by the late John

Roberts to oversee the building of

what is now known as the Hyatt Hotel

on Terrace Road in the 1980s and

subsequently became Managing Director

of Terrace Counsellors, a Financial

Planning company with an extensive

investment portfolio. The company was

later sold to BankWest.

John was appointed Honorary French

Consul in 1990 for a period of 4 years

and served as a Trustee of the Anglican

Church for 21 years. He was awarded

an Order of Australia Medal in 2006

for services to the Asthma Foundation

of Western Australia and the Anglican

Church. John has held a number of

Executive positions on the Board of the

Foundation since 1976.

Andy Milne

Andy Milne is Perth born and bred with

a background in commercial radio and

music marketing.

Andy worked at PMFM as part of the

very popular Breakfast Crew through the

early – mid 90s and spent some time in

regional radio stations around WA.

From 1996 to 2003 Andy was responsible

for marketing and promoting some of

the biggest music artists in Australia at

Festival & Mushroom Records including

Kylie Minogue, Jimmy Barnes, & Olivia

Newton-John. He has also worked with

international stars like Tom Jones, Joe

Cocker, Garbage, Britney Spears, The

Backstreet Boys and Mariah Carey.

Andy is the Director of Promotions &

Marketing for Nova 93.7 and previously

held that position at 96fm.

Andy joined the Board in 2008 and

during this time has offered his expertise

on other committees.

David McKenna

David is a partner of the firm Jarman

McKenna, an insurance and commercial

boutique practice in Western Australia.

He has a B. Juris and LLB and was

admitted to practice in Western Australia

in 1980. He practiced initially as a

solicitor with the Legal Aid Commission

for seven years and since 1987 has

practiced solely in the area of insurance

litigation. He has a wide breadth of

experience in that field and has regularly

appeared in the workers’ compensation

jurisdiction, District, Supreme and

Federal Courts and the High Court.

He has been involved in a number of

significant landmark cases in Western

Australia involving local council liability

and asbestos litigation.

He currently practices in the area of

property, transport, liability, asbestos

litigation and professional indemnity

insurance.

David is the National President of the

Insurance Law Association, and has been a

member of that association since 1987 and

a member of the board since 1997, holding

the positions of Secretary and Vice President

before being elected National President.

David is married with two children. His

interests include spending time with

family and friends, travelling, yachting,

paddle boarding and cycling.

Barry Rubie

Following a 30 year career with a multi

national oil company, which included

appointments in NSW, UK, Thailand,

USA and finally WA, Barry Rubie joined

the Asthma Foundation of WA in 1980

as Executive Director. Founded 16 years

earlier the Foundation had struggled to

gain recognition, credibility and financial

security. He retired in 1992 having built

the Foundation from a staff of two and

a half, a rough rented office and very

little money to an organisation with an

effective team of ten, its own offices and

education centre, substantial financial

reserves and the respect of the medical

profession, government and most

importantly people with asthma. In 1989

he was invited to represent Asthma

Foundations of Australia and to present

a paper at the 11 th Asia-Pacific Congress

on Diseases of the Chest in Bangkok.

Barry was made an Honorary Life Member

in 1993, continues to serve as a Board

member having first joined in 1994 and

this year was awarded and Order of

Australia Medal for community service

through the Asthma Foundation of WA.

Cathal Smith (LLB, LLM (UWA),

MBA (AGSM)

Cathal is a lawyer who has worked in

various overseas jurisdictions. In recent

years, Cathal has been involved in

various pro bono activities including the

Princes Trust (London), the Australian

Business and Community Network and

the Asthma Foundation of WA since

2008, offering his expertise on other

committees. Having returned to Australia

from overseas, he is happily married and

enjoys spending time with his wife and

four children.

Wayne Thomas

Professor Wayne Thomas is a Senior

Principal Research Fellow of the National

Health and Medical Research Council

and head of molecular biotechnology at

the Telethon Institute for Child Health

Research. His research has focussed

on the effect of house dust mite and

cat allergy and infection on the health

of people with asthma and on the

development of allergy vaccines. He is

the past chairman of the International

Union of Immunological Societies and

World Health Organisation Allergen

Nomenclature Committee and has been

a member of national and international

asthma and medical research advisory

committees. He is a member of the

scientific advisory board of Phylogica Ltd.

Wayne joined the Board in 1993 and over

the years has also held a position on the

Medical & Scientific Advisory Committee.

Lisa Viska

Lisa is a Registered Psychologist with

over 25 years’ experience in both the

private and public sectors. During this

time she has worked as an educational

counsellor, a university lecturer and as

a private practitioner. She has devoted

a substantial part of her career to

developing and delivering a range of

psychological and educational training

packages across a broad range of areas.

Lisa is also the mother of four children

and loves being involved with her family,

her friends and the local community.

Lisa joined the Board in December 2009.

Asthma Foundation of Western Australia Annual Report 20092010

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Asthma Media


Asthma Foundation of Western Australia Annual Report 20092010

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Health Services

Indigenous Women’s

Program

2009-2010 saw the completion of the

WA Department of Health funding for

the Indigenous Women’s Project. This

project aimed to support pregnant and

breastfeeding Aboriginal women to

promote a smoke-free environment for

their developing baby or newborn. This

project had many significant outcomes in

its two year period as outlined below;

• The distribution of 15,186 resources

for pregnant women to 217 Western

Australian organisations. These

resources provide information on the

effects of smoking on babies and

tips on how mothers can promote

smoke-free environments for their

developing and newborn babies.

• 27 Brief Intervention Training sessions

were delivered to maternal health

workers to provide them with the

knowledge and skills to discuss

smoking cessation, a vital step in

assisting people to quit smoking.

• 12 organisations received grants to

conduct a local community project

based on the ‘Fresh Air Grows Solid

Babies’ theme which was a key

strategy in spreading the program

message.

The program also developed strong

relationships with other service providers

who delivered Aboriginal projects,

including St John of God’s ‘Strong

Families, Strong Culture’ program, and

SIDS and Kids.

Towards the end of 2009, the Indigenous

Women’s Project received funding from

the Commonwealth Government for

a further three years. This funding will

allow the Indigenous Women’s Project

to become embedded within Aboriginal

maternal health.

Triple E Challenge for Kids

2009 saw the completion of the Triple

E Challenge for Kids. As a result of

declining numbers and new ways of

reaching this same age group, it was

then decided to discontinue the program

in 2010. The Foundation would like to

thank all those involved, particularly

Charlotte Allen for her tireless work and

support.

Asthma Friendly School

Program – Asthma Child

and Adolescent Program

We enabled 8077 teachers and

support staff to deal with asthma in

the school environment. Following

the education sessions, 94% of

school staff could competently

demonstrate asthma first aid.

June 2009 saw the conclusion of the

highly successful Commonwealth funded

Asthma Friendly Schools program. By

the end of this 3 year program the

following had been achieved;

• 89.5% of WA schools participated

• 50.4% of WA schools had completed

the program criteria and were awarded

Asthma Friendly School’ status

• Staff in 512 schools were trained in

asthma first aid.

July 2009, the Commonwealth funded

a new initiative within schools named

the Asthma Child and Adolescent

Program to focus on the provision of

asthma management information and

emergency asthma training to school

and preschool staff.

Between January 2009 and June 2010,

189 school staff (43 high and 146

primary schools) received an asthma

first aid training session. In addition

to this, the Foundation’s Authorised

Representatives delivered a further

47 high school and 68 primary school

sessions to school staff, with the vast

majority being in regional WA.

The Asthma Friendly School program

will continue as a state-based asthma

management program.

Community Support

Program

July 2009 also saw the implementation

of the revised Commonwealth

Government funded Community

Support Program.

In accordance with this new

Commonwealth Department funding

agreement, asthma education was

provided to the following priority groups;

• People with asthma living in rural and

remote areas

• People with asthma from culturally

and linguistically diverse backgrounds

• Aboriginal people with asthma

• People with asthma experiencing

social disadvantage

• Seniors with asthma

• To reflect these priority groups the

Foundation focused on the following;

• Locally based asthma awareness

education programs to socially

disadvantaged people resulting in 93

new referrals over a 4-month period

• Nine education sessions to target

seniors were delivered to 78 Aged

Care staff, 4 of these sessions were in

regional areas

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Professional Training

We provided education on asthma

management to 1080 health

professionals enabling them to

take new knowledge and skills

back into their workforce.

January 2009 to June 2010 will be

remembered as one of the busiest time

in the Foundation’s training team history,

due to the high number of education

sessions conducted throughout WA.

Training conducted during this period

included;

• Seven x Four day Asthma Educators

Courses to 49 health professionals

• Four x Two day Asthma Management

Courses to 30 asthma educators

• Nine x One day Health Professional

Seminar/Health Professional

Workshops to 117 health

professionals

• Nine x Three -hour Emergency

Asthma Management Courses to

114 participants

• 62 Tailored Asthma Training courses

to 884 participants which included

courses in Albany, Bunbury, Broome,

Kalgoorlie, Karratha, Katanning,

Narrogin, Northam and Port Hedland

Community Services

During the last reporting phase,

we assisted 6958 people with

asthma, their families and carers

improve their asthma management

by providing education and

information. After individual or

group education, the number

of people who understood

the importance of correctly

administering their asthma

medications increased from

58% to 90%.

We look forward to July 2010 and the

launch of a new Community Services

program funded by the WA Department

of Health. This program was the

culmination of 12 months’ work by

the Foundation, the WA Department

of Health’s Respiratory Health Network

and key stakeholders. This outcome

was achieved following an Asthma

Stakeholder Forum, where stakeholders

from across WA provided their views

on what services the Foundation should

provide. This work was then progressed

further by the Strategic Reference Group

and the Asthma Education Working

Party, with the end result being an

agreement between the WA Department

of Health and the Foundation to focus

on targeted at risk populations.

Other Highlights

• Adult Asthma Aquatics has continued

as a successful program under the

supervision of the chief instructor,

Coralanne Cranston. All participants

continue to enjoy this program

as well as reap the benefits of

improved asthma control through

regular physical fitness and asthma

education.

• World Asthma Day 2009 – was

marked with an “Ask the Expert”

education session, presented by

Associate Professor Alan James

who discussed the latest on asthma

management and treatments.

• World Asthma Day 2010 – a media

awareness campaign was conducted

through local newspapers, radio

stations and schools. 110 calls were

recorded during the month with all

callers receiving education and/or

asthma resources.

• National Asthma Week 2009 – the

Health Services Team conducted

a wide range of activities during

this week, which included

education sessions targeting health

professionals, carers and patients

and a display kit disseminated to 220

organisations.

• Breathe Better Project – the

Foundation received 12 months

funding for this program from the

Channel 7 Telethon Trust to support

the provision of vital education and

the development of resources, for

the Foundation’s head office in West

Perth.

Asthma Foundation of Western Australia Annual Report 20092010

11


Research

In the 2009/10 period the

Research Advisory Committee

advertised for applications in four

different categories:

New Investigator Grant – the aim

of the New Investigator Grant is to

attract new researchers to the asthma

field and to give them a “step-up”

into the competitive national grant

funding system;

Project Research Grant – these are

traditional project grants aimed

primarily at established investigators;

PhD Scholarship Supplement – are

for researchers who currently hold or

have been approved for a full PhD

Scholarship from another body; and

Vi Watson Vacation Scholarship –

Vi Watson Vacation Scholarship for

other graduate and under-graduate

students wishing to further their

studies into asthma.

The Foundation relies upon, and is

grateful to, the Research Advisory

Committee, chaired by Associate

Professor Alan James, Professor Howard

Mitchell, Dr Ingrid Laing, Professor

Peter Henry, Dr Neil Misso and Professor

Geoffrey Stewart for their expertise in

the selection process for each of the

grants.

The Asthma Foundation of WA

congratulates the following awardees

whose research grants were approved in

2009/10:

New Investigator Grant

• What is the role of PGE2 and EP

receptors in epithelial cell function

in asthma? Dr Svetlana Baltic and

Professor Philip Thompson from the

Lung Institute of Western Australia.

Project Research Grants

• Does Vitamin D deficiency in utero

and early childhood increase the

severity of asthma? Dr Shelley

Gorman and Professor Prue Hart from

the Telethon Institute for Child Health

Research.

• The kallikrein-kinin system in asthma:

modulation of high molecular weight

kininogen binding proteins by proinflammatory

stimuli associated with

disease. Professor Geoffrey Stewart

from the School of Biomedical,

Biomolecular and Chemical Sciences,

University of Western Australia and

Dr Nithiananthan Asokananthan.

• Airway smooth muscle in noneosinophlic

asthma. Associate

Professor Alan James from the

Department of Pulmonary Physiology,

Sir Charles Gairdner Hospital and

Mr Mark Carroll.

• IgE facilitated CD23 binding assay.

Dr Belinda Hales and Professor Wayne

Thomas from the Telethon Institute

for Child Health Research.

• Identification of intrinsically abnormal

processes in asthmatic epithelium

independent of atopy. Dr Anthony

Kicic from the School of Paediatrics

and Child Health, University of WA;

Professor Stephen Stick from the

Department of Respiratory Medicine

at Princess Margaret Hospital for

Children and Associate Professor Paul

Rigby from the University of Western

Australia.

PhD Scholarship

Supplement Grants

• The immunogenetics of asthma

exacerbations in childhood. Mrs

Joeleen Bizzintino from the School of

Paediatrics and Child Health, Princess

Margaret Hospital for Children.

• The thymus study: the role of

regulatory immune cells in the

development of allergy. Miss Jua

Iwasaki from the Telethon Institute of

Child Health Research, University of

Western Australia.

• The infant fish oil study – effect of

infant fish oil supplementation on

the prevalence of allergic disease,

a randomised double blind placebo

controlled trial. Mrs Nina D’Vaz from

the School of Paediatrics and Child

Health, Princess Margaret Hospital for

Children.

Vi Watson Vacation

Scholarship

• Identification of optimal space

selection for delivery of salbutamol to

asthmatic children. Mr Francis Josiah

4th Year Medical Student, University

of Western Australia.

12


There are more than

225,000 people living

with asthma in

Western Australia.

Asthma Foundation of Western Australia Annual Report 20092010

13


Business Development

14

Upon reflection, the last

18 months have been an

interesting journey for the

Business Development Unit at

the Asthma Foundation of WA.

This journey involved a great

deal of challenge in terms of the

global financial crisis and the

impact on branding and funding

activities, but more importantly

saw us go through a significant

time of change and development.

Some key highlights are outlined

below.

Jailhouse Frock

More than 250 keen asthma supporters

gathered at the Fremantle Prison in April

2009, to marvel at the work of locally

based designers and performers as part

of Jailhouse Frock. The evening was a

great success, raising almost $20,000 for

the Foundation. We would like to thank

everyone involved with this unique event

and acknowledge their hard work and

ongoing support.

Key Partnership

At a time when sustainable green

living was a high priority for many of

us, the Asthma Foundation of WA

was delighted to sign a new Major

Partnership with EVOL LNG, a group

which shares the Foundation’s vision

for improved air quality and has an

outstanding commitment to community

support initiatives.

The two-year major partnership with

EVOL LNG was formed at a pivotal

time for the Asthma Foundation of WA

when corporate support and funding

was identified as vital for the longterm

sustainability of the Foundation.

With our new brand and strategic

focus, corporate support and long-term

partnerships remain a key priority area

for the Foundation.

National Asthma Week 2009

As part of their partnership and

dedication to improved asthma

awareness in the workplace and home,

EVOL LNG staff joined asthma staff,

board members and volunteers for the

National Asthma Week annual Street

Appeal in the Perth CBD. To complement

the education and awareness activities

of the week, the Street Appeal offered

the perfect platform for a successful

CBD based fundraising activity. We

thank all the workplaces, schools,

childcare centres and community groups

who donated time and energy to host

in-house fundraising activities. These

always make us aware of the impact

asthma has in communities throughout

the state.

Corporate Golf Day

Members of the Asthma Foundation of

WA Board joined representatives from

the WA business community on The

Cut Resort Golf Course in Port Bouvard

for a fundraising Corporate Golf Day in

November 2009. The fundraising and

networking event was supported by

Optus Business Direct and attended by

a range of Perth businesses. The event

was a great success with fantastic spring

weather setting the scene for not only

a fun and exciting day of golf, but an

evening of live auctions, dinner and

drinks. Guests were delighted to have

Australian cricketer, Justin Langer and Pro

Golfer Andy Gott join them for the day,

with almost $20,000 raised to support our

ongoing work in the community.

Girls’ Night Out

Not even the most devoted Fremantle

Football Club fan would have stepped

into the Beaufort River Tavern on March

25 2010. The venue hosted a sea of blue

and yellow clad women in a West Coast

Eagles themed fundraising event for the

Asthma Foundation of WA. This very

special event was held in tribute to young

Bill Richardson, a passionate West Coast

Eagles supporter who passed away in

early 2009 from a severe asthma attack.

The Tavern hosted 90 local women and

raised a substantial amount of money for

the Asthma Foundation of WA.

This was the third fundraising event

Bill’s Mum Jaki and the Richardson

family and friends have organised for

the Foundation. They have previously

organised a fun run in memory of Bill

and also participated in the 2010 HBF

Freeway Bike Hike for Asthma, raising

more than $5,000 to take out the title

of Top Fundraising Team. The family’s

contribution to the Foundation over the

last year has been very humbling.

HBF Run For A Reason

The Asthma Foundation of WA was one

of the 6 key charities selected to benefit

from the inaugural HBF Run for a Reason

event in May 2010. This wonderful event

attracted more than 10,000 participants

and raised more than $20,000 for the

Foundation. We look forward to building

on this success as we once again take

part in the event during 2011.


HBF Freeway Bike Hike for Asthma

The HBF Freeway Bike Hike for

Asthma continues to grow from

strength to strength with the

event now regarded as one of

the highlights on Perth’s sporting

calendar.

The 2009 and 2010 events attracted

8,251 and 8,528 participants respectively

with more than 300 volunteers assisting

both years in order to ensure operational

costs were kept to a minimum.

This eagerly anticipated annual event

continues to give the people of Western

Australia the unique opportunity to

cycle along the southbound lanes of the

Kwinana and Mitchell freeways while

raising vital funds to support our work in

the community.

With three separate stages to the event,

there is a course suited to all levels

of fitness and skill. The 60 km ride is

popular with our more dedicated cyclists

and now incorporates the WA Cycling

Federation annual race each year. The

30 km ride, which remains our most

popular course, gives participants the

chance to ride through the Graham

Farmer Freeway Tunnel – a highlight

for many riders. Finally, the City

of Joondalup 10 km Family Ride is

becoming increasingly popular for

families with younger children. Taking

off from the Greenwood Train Station,

our family riders enjoy a casual and

relaxed ride before joining all other event

participants in Joondalup to complete

the day’s activities.

While the event is a fun and exciting day

out for so many people, it does remain

our key fundraising event each year. The

2010 event, held on Sunday 21 March,

was our highest fundraising event since

inception, with just over $165,000 raised

through donations and entry fees to

fund research, education and training

programs to support people with

asthma, their carers and families.

Our heartfelt thanks go to all

participants, volunteers, donors and

event sponsors from the 2009 and 2010

events. Particular thanks go out to our

event naming rights sponsor HBF and

event coordinators Trievents.

Asthma Foundation of Western Australia Annual Report 20092010

15


Volunteers, Supporters

and Lotterywest Grant

The Foundation continues to

receive support from our 400

strong volunteer base who

generously donate their time to

assist with mail-outs, data entry,

general admin duties as well as a

number of very successful events.

Once again, our largest group of

volunteers gathered to assist us with

both the 2009 and 2010 HBF Freeway

Bike Hike for Asthma, held in March

each year. Over the two events a total

of over 500 volunteers assisted in five

locations across the city and spanned

62km of Freeway.

In April 2009 we took over Fremantle

Prison and hosted Jailhouse Frock and

were once again fortunate to work

with volunteer Challenger TAFE Events

Management students. This was a

fantastic opportunity for students to

assist with the organisation and running

of a large-scale event aligned closely

with their curriculum. We look forward

to continuing this relationship with

Challenger TAFE in the future.

National Asthma Week saw

representatives from our volunteer

network, corporate supporter staff and

Sacred Heart College students take to

the streets of Perth for our annual Street

Appeal. The day was a huge success

thanks again to the efforts of our

volunteers.

The first volunteer appreciation function

of 2009, was the April movie screening

with HBF Freeway Bike Hike for Asthma

volunteers, who were treated to a

special screening of Pink Panther 2. The

screening was generously donated by

Avita and allowed us to acknowledge

the generous contribution made by

volunteers.

The second volunteer appreciation

function was held at the Vietnam

Pavilion, Kings Park in December 2009.

In line with International Volunteer Day,

this was a wonderful opportunity for us

to recognise the marvellous contributions

of volunteers and present awards to

those reaching special milestones with

the Foundation. A 25 Year Award

was presented to Pat while May and

Verity were both recognised for their

contributions over 15 years.

It is with great pride that we also

acknowledge the contribution made

by Mr Barry Rubie who was recently

awarded a Medal of the Order of Australia

in recognition of his 27 years with the

Foundation. We thank Barry for his 12

years of work as the voluntary Executive

Director of the Foundation and 15 years

of guidance on the Board of Directors.

Each year volunteers save the Foundation

over $200,000 as a result of their efforts.

From all staff at the Asthma Foundation

of WA, thank you.

Supporter Run Events

Each year we are amazed by the number

of creative and generous people in the

community.

The Asthma Foundation of WA

relies heavily on community events

coordinated by motivated and generous

people. We have been fortunate enough

to receive outstanding support from a

number of communities that have been

touched by asthma. Sadly, several events

have been held in honour of loved ones

who have passed away as a result of

their illness.

Supporter run events raise awareness

of the seriousness of asthma and also

raise much needed funds for asthma

research and support services. Over the

18 months people have run, baked,

paddled, danced, dressed up and

eaten, all in the name of supporting the

Asthma Foundation of WA.

We thank each and every one of them

for their generous support.

Lotterywest Information

Technology Grant

In December 2009 the Foundation

received a grant from Lotterywest

allowing us to undertake a complete

overhaul of our Information Technology

operating systems. The $366,000 grant

enabled us to replace our entire range

of computers and printers, update our

training delivery systems and install a new

server which has allowed us to increase

our operating efficiency immensely.

As part of the grant the Foundation

is currently developing a brand new

website which will be launched in line

with National Asthma Week 2010. This

website will be community focused,

allowing people to discuss their asthma

online and undertake online training

courses. It will also allow Asthma

Educators in rural and remote areas to

gain greater access to asthma resources

and liaise with Foundation staff on key

issues.

We thank Lotterywest for their generous

support.

16


Financial Report 2010

Asthma Foundation of WA Incorporated

Asthma Research Fund of WA

Asthma Foundation of Western Australia Annual Report 20092010

17


Treasurer’s Report

It is disappointing for me to report on the accounts for the eighteen months ended June 30 th 2010, showing an operating deficit of

$381,667 for the Asthma Foundation of WA and $178,626 for the Asthma Research Fund of WA. The majority of funds to support

the operational deficit came from sales of holdings within the investment portfolio.

Deficits of this magnitude cannot continue and during the last six months the Board has taken steps to arrest the losses. The new

Strategic Plan aims to have the Foundation in surplus by June 2012.

One change in the accounts layout is to show the Fundraising, Sponsorships and Donations gross income as a total figure. In

previous years, the gross income has been reduced by the direct expenses incurred in earning that income. With expenses also being

a total figure, there is no change to the net effect for the operating deficit.

Despite the poor operating results the Balance Sheet appears stronger now than it was eighteen months earlier. There are two main

reasons for the large increase in asset values.

1) Units 2, 3, 4 & 5 at 36 Ord Street, West Perth are now freehold titles after Lotterywest removed their caveat, following our

compliance with conditions of acquisition.

2) A Lotterywest grant of $316,000 was approved late 2009 and received early 2010 for the upgrade of the Foundation’s IT and

development of a new website. Income from the grant will be taken up and amortised across the life of the equipment to 2013.

The entity Asthma Research Fund of WA, has been in existence for many years as the name implies, to allocate funds to Asthma

Research in Western Australia. The Trustees of the Fund, in conjunction with the Board of the Asthma Foundation of WA, decided

it was no longer necessary to have a separate body and it was wound up, effective June 30th 2010. The net assets of the Asthma

Research Fund have been transferred to the Asthma Foundation of WA from where all future asthma research will be managed.

V C Court AM

Treasurer

20 th September 2010

18


Statement by the Board

In the opinion of the Board, the accompanying Balance Sheet and Statement of Income and Expenditure of the Asthma Foundation

of Western Australia Incorporated are drawn up so as to give a fair and true view of the state of the affairs of the Asthma

Foundation of Western Australia Incorporated at 30 June 2010, and the results for the 18 month period ended on that date.

On behalf of the Board

D Beazley

President

20 th September 2010

Statement by the Honorary Treasurer

I, Victor Court, being the Honorary Treasurer of the Asthma Foundation of Western Australia state that in my opinion the

accompanying Balance Sheet and Statement of Income and Expenditure of the Asthma Foundation of Western Australia

Incorporated are drawn up so as to give a fair and true view of the state of affairs of the Asthma Foundation of Western Australia

Incorporated as 30 June 2010, and the results for the 18 month period ended on that date.

V Court

Treasurer

20 th September 2010

Asthma Foundation of Western Australia Annual Report 20092010

19


Asthma Foundation of WA Incorporated

Independent Auditor’s Report

Report on the Financial Report

We have audited the accompanying financial report, being a

special purpose financial report of the Asthma Foundation of

Western Australia, which comprises the balance sheet as at

30 June 2010, and the income statement for the 18 month

period ended on that date, a summary of significant accounting

policies, other explanatory notes and the statement by

members of the committee.

Committee’s Responsibility for the Financial

Report

The committee of the association is responsible for the

preparation and fair presentation of the financial report and

have determined that the accounting policies described in Note

1 to the financial statements, which form part of the financial

report, are consistent with the financial reporting requirements

of the Associations Incorporation Act of Western Australia

(1987) and are appropriate to meet the needs of the members.

The committee’s responsibilities also include 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. No opinion is expressed as to whether

the accounting policies used, as described in Note 1, are

appropriate to meet the needs of the members. 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

committee, as well as evaluating the overall presentation of the

financial report.

The financial report has been prepared for distribution to

members for the purpose of fulfilling the committee’s financial

reporting under the Associations Incorporation Act (1987) of

Western Australia. We disclaim any assumption of responsibility

for any reliance on this report or on the financial report to

which it relates to any person other than the members, or for

any purpose other than that for which it was prepared.

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 Australian professional ethical

pronouncements.

Qualification

Donations, fundraising and sponsorship are a significant source

of revenue for the Asthma Foundation of Western Australia Inc.

The Asthma Foundation of Western Australia Inc has determined

that it is impracticable to establish control over the collection

of voluntary revenue prior to entry into its financial reports.

Accordingly, as the evidence available to us regarding revenue

from this source was limited, our audit procedures with respect to

voluntary revenue had to be restricted to the amounts recorded

in the financial records. We therefore are unable to express an

opinion whether voluntary revenue of the Asthma Foundation of

Western Australia Inc obtained is complete.

Qualified Auditor’s Opinion

In our opinion, except for the effects on the financial report of

such adjustments, if any, as might have been required had the

limitation on our audit procedures referred to in the qualification

paragraph not existed, the financial report of the Asthma

Foundation of Western Australia Inc. presents fairly, in all material

respects the financial position of the Asthma Foundation of

Western Australia Inc as at 30 June 2010 and of its financial

performance for the 18 month period then ended in accordance

with the accounting policies described in Note 1 to the financial

statements.

Stirling Partners & Associates

P. Stamatopoulos

278 Stirling Highway, Claremont, WA 6010

20

Dated this 24 th day of September 2010.


Asthma Foundation of WA Incorporated

Balance Sheet

as at 30 June 2010

Note 30 June 2010 31 December 2008

$ $

Current Assets

Cash at Bank 168,326 126,478

Receivables 2 164,953 156,067

Inventories 3 14,057 17,472

Total Current Assets 347,336 300,017

Non-Current Assets

Investments 4 300,267 710,000

Property, Plant and Equipment 5 3,162,283 1,289,828

Total Non-Current Assets 3,462,550 1,999,828

Total Assets 3,809,886 2,299,845

Current Liabilities

Creditors and Borrowings 6 284,838 237,763

IT Funding Received in Advance 7 91,167 -

Provisions For Employees 8 72,684 77,710

Finance Chattel Mortgages 9 28,287 116,462

Total Current Liabilities 476,976 431,935

Non Current Liabilities

IT Funding Received in Advance 7 187,298 -

Finance Chattel Mortgages 9 51,808 -

Total Non Current Liabilities 239,106 -

Total Liabilities 716,082 431,935

Net Assets 3,093,804 1,867,910

Funds Employed

Balance Brought Forward 1,867,910 2,135,615

Asset Revaluation Reserve 10 1,640,777 -

(Deficit) for the year (414,883) (267,705)

Total Funds Employed 3,093,804 1,867,910

Asthma Foundation of Western Australia Annual Report 20092010

21


Asthma Foundation of WA Incorporated

Statement of Income & Expenditure

for the 18 Month Period Ended 30 June 2010

30 June 2010 31 December 2008

$ $

Income

Fundraising, Sponsorships, Donations and Bequests (overall) 708,344 -

Fundraising, Sponsorships, Donations and Bequests - 512,845

Government Service Contracts, Community & Professional Education 1,322,820 1,005,125

Investment Income 36,879 63,431

Retail Trading Profit 33,872 25,950

Research Administration Reimbursement 98,719 65,955

2,200,634 1,673,306

Expense

Fundraising, Sponsorships & Donations (overall) 620,916 -

Fundraising, Sponsorships & Donations - 331,046

Government Service Contracts, Community & Professional Education 1,613,311 1,237,245

Research Administration 98,719 65,955

Administration 249,355 178,793

2,582,301 1,813,039

Operational (Deficit) (381,667) (139,733)

Other Non Operational Items

Revaluation/(Devaluation) of Investments 41,267 (97,063)

(Loss) on Sale of Assets (112,342) (30,909)

Lotterywest IT Grant Income 37,859 -

(33,216) (127,972)

(Deficit) Transferred to Accumulated Funds (414,883) (267,705)

The accompanying notes form part of these financial statements

22


Asthma Foundation of WA Incorporated

Notes to and Forming Part

of the Accounts

for the 18 Month Period Ended 30 June 2010

1 Summary Of Significant Accounting Policies

The Board has determined that the Foundation is not a reporting entity. Accordingly this Financial Report is a special

purpose financial report prepared specifically in order to provide accounts which satisfy the requirements of the Associations

Incorporation Act 1987 (WA) and also for distribution to members and must not be used for any other purpose . The Board has

determined that the accounting policies adopted are appropriate to meet these requirements.

The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account

changing money values or except where specifically stated, current valuations of non current assets.

The following significant accounting policies, which are consistent with the previous period, unless otherwise stated, have been

adopted in the preparation of this financial report.

Income Tax

The Foundation is exempt from income tax.

Reporting Period

The Board agreed to change the reporting period from a calendar year to a financial year commencing for the 18 month period

to 30 th June 2010. The reason for this is so that the reporting period is in line with various regulatory bodies and government

authorities. Accordingly, this period is for 18 months, whereas the comparatives are for the 12 months. Therefore, the

comparative information is not comparable for the Statement of Income and Expenditure including the Notes to and Forming

Part of the Accounts.

Investments

Investments are brought to account at valuation.

Dividends, Interest, Trust and Partnership distributions are brought to account on an accrual basis.

Inventories

Inventories are measured at the lower of cost and net realisable value.

Property

Property is included at market valuation.

During the period the Foundation obtained approval from Lotterywest for it to relinquish the deed of trust and the removal

of the caveat over Units 2, 3, 4 & 5 at 36 Ord Street West Perth. Therefore the Balance Sheet reflects the full carrying value of

these properties as at 30th June 2010, whereas in the previous period the carrying value for Units 2, 3, 4 & 5 at 36 Ord Street

West Perth was 17/117 interest in that portion of the Land & Buildings. This has resulted in a benefit to the Foundation of

$1,640,777. Please refer to Note 10 Asset Revaluation Reserve.

Revenue

Grant income received is recorded in the Liability account and allocated to income as expenditure occurs.

Plant and Equipment

Plant and equipment are carried at cost less, where applicable, any accumulated depreciation.

The depreciation amount of all plant and equipment is depreciated over useful lives of the assets to the Foundation commencing

from the time the asset is held ready for use.

Employee Entitlements

Provision is made for the liability for employee entitlements arising from services rendered by employees to balance date.

Employee entitlements expected to be settled within one year have been measured at their nominal amount. Other employee

entitlements payable later than one year have been measured at the present value of the estimated future cash outflows to be

made for those entitlements.

Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST.

Asthma Foundation of Western Australia Annual Report 20092010

23


Asthma Foundation of WA Incorporated

Notes to and Forming Part

of the Accounts

for the 18 Month Period Ended 30 June 2010

2 Receivables

30 June 2010 31 December 2008

$ $

Sundry Debtors 106,956 75,028

Prepayments 10,420 12,827

Asthma Research Fund of WA 47,577 68,212

164,953 156,067

3 Inventories

Retail Stock on Hand 14,057 17,472

4 Investments

At Market Valuation

Unlisted Property Trusts 29,747 485,525

Listed Share Trusts 103,956 89,808

Listed Shares 166,564 134,667

300,267 710,000

5 Property, Plant & Equipment

Property – at Market Valuation 2010

17/117 Interest in Portion of Land & Buildings

Office Units 2, 3, 4 & 5 36 Ord Street - 276,722

Office Units 2, 3, 4 & 5 36 Ord Street 1,915,000 -

Office Unit 7 36 Ord Street West Perth 450,000 448,500

Office Unit 10 36 Ord Street West Perth 430,000 429,000

2,795,000 1,154,222

Office, IT Equipment and Fittings – at Cost 64,218 86,529

Less: Accumulated Depreciation (54,933) (60,475)

IT Equipment Lotterywest Grant – at Cost 296,258 -

Less: Accumulated Depreciation (17,857) -

287,686 26,054

Plant & Equipment

Motor Vehicles – Finance Chattel Mortgages 120,074 123,872

Less: Accumulated Depreciation (40,477) (14,320)

79,597 109,552

Total Property, Plant & Equipment 3,162,283 1,289,828

24


Asthma Foundation of WA Incorporated

Notes to and Forming Part

of the Accounts

for the 18 Month Period Ended 30 June 2010

6 Creditors & Borrowings

30 June 2010 31 December 2008

$ $

Sundry Creditors 184,020 109,161

Funding Received In Advance 100,818 128,602

284,838 237,763

7 IT Funding Received In Advance

Deferred Income Against Assets

Current 91,167 -

Non - Current 187,298 -

278,465 -

8 Provisions For Employees

Provision for Holiday Pay 39,584 52,884

Provision for Long Service Leave 33,100 24,826

72,684 77,710

9 Finance Chattel Mortgages

Current 28,287 116,462

Non-Current 51,808 -

80,095 116,462

10 Asset Revaluation Reserve

Property Acquisition & Revaluation for the Year 1,640,777 -

1,640,777 -

Affiliated Funds – Not incorporated in Accounts

Affiliates of the Asthma Foundation of Western Australia Inc. are set up

in various country areas. The funds raised and held by these affiliates

have not been included in the accounts of the parent body.

Funds held by affiliates at the year end were as follows:

Bunbury 3,568 29,573

Manjimup 3,184 3,967

6,752 33,540

Asthma Foundation of Western Australia Annual Report 20092010

25


Asthma Research Fund of WA

Statement by the Trustees

In the opinion of the Trustees, the accompanying Balance Sheet and Statement of Income and Expenditure of the Asthma Research

Fund of WA are drawn up so as to give a fair and true view of the state of the affairs of the Asthma Research Fund of WA at

31 December 2008, and the results for the period ended on that date.

On behalf of the Trustees

V Court

Trustee

20 th September 2010

B Rubie

Trustee

20 th September 2010

26


Asthma Research Fund of WA

Independent Auditor’s Report

Report on the Financial Report

We have audited the accompanying financial report, being a

special purpose financial report of the Asthma Research Fund

of WA, which comprises the balance sheet as at

30 June 2010, and the income statement for the

18 month period ended on that date, a summary of significant

accounting policies, other explanatory notes

and the statement by members of the committee.

Committee’s Responsibility for the Financial

Report

The committee of the association is responsible for the

preparation and fair presentation of the financial report and

have determined that the accounting policies described in Note

1 to the financial statements, which form part of the financial

report, are consistent with the financial reporting requirements

of the Associations Incorporation Act of Western Australia

(1987) and are appropriate to meet the needs of the members.

The committee’s responsibilities also include 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. No opinion is expressed as to

whether the accounting policies used, as described in Note

1, are appropriate to meet the needs of the members. 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.

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

committee, as well as evaluating the overall presentation of the

financial report.

The financial report has been prepared for distribution

to members for the purpose of fulfilling the committee’s

financial reporting under the Associations Incorporation Act

(1987) of Western Australia. We disclaim any assumption

of responsibility for any reliance on this report or on the

financial report to which it relates to any person other than the

members, or for any purpose other than that for which it was

prepared.

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 Australian professional ethical

pronouncements.

Auditor’s Opinion

In our opinion, the financial report of the Asthma Research

Fund of WA presents fairly, in all material respects the financial

position of the Asthma Research Fund of WA as at 30 June

2010 and of its financial performance for the 18 month

period then ended in accordance with the accounting policies

described in Note 1 to the financial statements.

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

Stirling Partners & Associates

P. Stamatopoulos

278 Stirling Highway, Claremont, WA 6010

Dated this 24 th day of September 2010.

Asthma Foundation of Western Australia Annual Report 20092010

27


Asthma Research Fund of WA

Balance Sheet

as at 30 June 2010

Note 30 June 2010 31 December 2008

$ $

Current Assets

Cash at bank 44,134 126,751

Receivables 2 21,636 11,143

Total Current Assets 65,770 137,894

Non-Current Assets

Investments 3 902,055 880,696

Total Non-Current Assets 902,055 880,696

Total Assets 967,825 1,018,590

Current Liabilities

Creditors and Borrowings 4 269,291 186,910

Total Current Liabilities 269,291 186,910

Total Liabilities 269,291 186,910

Net Assets 698,534 831,680

Funds Employed

Balance Brought Forward 831,680 1,462,920

(Deficit) for the year (133,146) (631,240)

Total Funds Employed 698,534 831,680

The accompanying notes form part of these financial statements

28


Asthma Research Fund of WA

Statement of Income & Expenditure

for the 18 Month Period Ended 30 June 2010

30 June 2010 31 December 2008

$ $

Income

Investment Income 61,278 96,002

Vi Watson Vacation Scholarship, Other Grants 1,800 -

Donation 2,948 250

Bequests 71,227 1,139

137,253 97,391

Expense

Research Grants 159,052 73,321

PHD Scholarships 56,303 43,802

Vacation Scholarships 1,800 -

Research Administration 98,724 65,955

315,879 183,078

Operational (Deficit) (178,626) (85,687)

Other Non Operational Items

Revaluation/(Devaluation) of Investments 57,649 (531,484)

Loss on Sale of Investments (12,169) (14,068)

45,480 (545,552)

(Deficit) Transferred To Accumulated Funds (133,146) (631,239)

The accompanying notes form part of these financial statements

Asthma Foundation of Western Australia Annual Report 20092010

29


Asthma Research Fund of WA

Notes to and Forming Part

of the Accounts

for the 18 Month Period Ended 30 June 2010

1 Statement Of Accounting Policies

The Trustees have determined that the Research Fund is not a reporting entity. Accordingly this Financial Report is a special

purpose financial report prepared specifically in order to provide accounts which satisfy the requirements of the Trust Deed. The

Trustees have determined that the accounting policies adopted are appropriate to meet these requirements.

The financial report has been prepared on an accrual basis and is based on historic costs and does not take into account

changing money values or, except where specifically stated, current valuations of non current assets.

The following significant accounting policies, which are consistent with the previous period unless otherwise stated, have been

adopted in the preparation if this financial report.

Income Tax

The Research Fund is exempt from income tax.

Reporting Period

The Trustees agreed to change the reporting period from a calendar year to a financial year commencing for the 18 month

period to 30th June 2010. The reason for this is so that the reporting period is in line with various regulatory bodies and

government authorities. Accordingly this period is for 18 months whereas the comparatives are for the 12 months. Therefore the

comparative information is not comparable for the Balance Sheet and the Statement of Income and Expenditure including the

Notes to and Forming Part of the Accounts.

Investments

Investments are brought to account at valuation. Dividends, Interest, Trust and Partnership distributions are brought to account

on an accrual basis.

Revenue

Vi Watson Scholarship income received is recorded in the Liability account and allocated to income as expenditure occurs.

Dissolution

The Trustees of the Asthma Research Fund resolved on 28th June 2010 to dissolve the fund as at 30th June 2010. Accordingly,

the Trustees will liquidate the Fund in the 2011 financial year and the net assets will be distributed to the Asthma Foundation of

Western Australia Incorporated during the same year.

30


Asthma Research Fund of WA

Notes to and Forming Part

of the Accounts

for the 18 Month Period Ended 30 June 2010

2 Receivables

30 June 2010 31 December 2008

$ $

Sundry Debtors 15,480 9,163

GST Receivable 6,156 1,980

21,636 11,143

3 Investments

At Market Valuation

Listed Property Trusts - 56,700

Unlisted Property Trusts 362,251 412,540

Listed Share Trusts 254,717 231,273

Listed Shares 285,087 180,183

902,055 880,696

4 Creditors & Borrowings

Vi Watson Scholarship Funds Received in Advance 18,030 19,830

Research Grants 135,959 77,083

Sundry Creditors - Research Grants to be paid 67,725 21,786

Asthma Foundation of WA Inc 47,577 68,211

269,291 186,910

Asthma Foundation of Western Australia Annual Report 20092010

31


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Asthma Foundation of Western Australia Annual Report 20092010

33


asthmawa.org.au

Asthma Foundation of Western Australia Inc

36 Ord Street West Perth WA 6005

PO Box 864 West Perth WA 6872

Telephone: (08) 9289 3600

Country Callers: freecall 1800 645 130

Facsimile: (08) 9289 3601

Email: ask@asthmawa.org.au

ABN 57 057 873 242

Community Asthma Education Officers are also located at:

North West Metro: Joondalup Community Health Centre (08) 9400 9552

North East Metro: Lockridge Community Health Centre (08) 9279 0118

South West Metro: Rockingham Kwinana Division of General Practice (08) 9439 9518

South East Metro: Armadale Community Health Centre (08) 9391 2245

34

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