Untitled - Menzies Inc.

menzies.org.au

Untitled - Menzies Inc.

Treasurer’s ReportThe 2009 /10 financial year saw a continuedimprovement in the financial performance of Menzieswith the organisation achieving an operating surplus forthe year of $65,222. [2008/9 ($108,643)]. Followinga number of years of steadily decreasing losses, thisoperating result is very pleasing to present to the Meeting.The net result for the year was a loss of $158,436[2009 ($399,852)] arising from the revaluation of ourassets which resulted in write downs of our land andbuildings in the current economic climate. Nonetheless,the overall result is a significant improvement for Menzies.This outcome has been achieved through a variety offactors including the increased funding for residential careservices from the Department of Human Services and there-funding for one of the state’s ‘Therapeutic ResidentialCare Pilots’. This model of care has been appropriatelyfunded to deliver a much superior program to ourchildren.Both of these initiatives have assisted in providing asustainable base for the future. Whilst we acknowledgethe support of the Department in revising its funding, weneed to maintain a rigorous review of our processes withgovernment to ensure that this funding is appropriatelymaintained.I wish to thank the support of our staff who travelthe ‘extra mile’ and our community sponsors andsupporters. Without you, we would have a much harderstruggle to achieve the success we have with our clients.And finally, I extend a word in appreciation of ourCEO, Holly Reid and Finance Manager, Jacinta Dunn aswell as to our Program Managers Maree Baird and MaryBeth Melton and all of our staff and volunteers who giveof themselves to enrich the lives of others.This is my third report and I have been really pleasedto see the organisation progress. It is my pleasure to handthe ongoing financial responsibility on to the incomingTreasurer, Sean Limpens. I wish the Committee futuresuccess as they guide the organisation forward.Stuart Shaw JP, CPA, MAICDTreasurerWhilst our residential programs are the cornerstoneof our services, we also have an opportunity to developalternative programs to further enhance the lives of thechildren entrusted to our care. These programs, however,do not come without a cost. Had it not been for the strongrelationships established with a number of charitable trustsand donors, who last year contributed over $200,000to these programs, our situation would have beensignificantly worse.We continue to assess the optimum manner by whichwe can deliver such programs to children for maximumadvantage. Whilst there is sufficient evidence that ourprograms deliver an excellent outcome for the childrenand families, without a funding base these programssimply will not be able to continue.Menzies is a small organisation and has delivered itsservices to many children and families in need of supportand assistance for nearly 150 years. The challenges aremany with services and other areas of need being underfunded.Notwithstanding, the Menzies ‘family’ is strongand united in focussing on achieving good outcomes forour clients.

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