OH_Annual_Report_200.. - Odyssey House

2006odyssey house annual report 2006directors’ reportThe directors present their report together with the financial report of Odyssey House McGrath Foundation (“the Foundation”) for the yearended 30 June 2006 and the auditors’ report thereon.1 DirectorsThe directors of the Foundation at any time during or since the financial year are:Susan Elizabeth BennettIan James BrownJohn Alexander ButcherMark CohenJan CopelandJohn Francis CoughlanEric Richard DoddCathy Ann DoyleJonathon David Fulton FiskMaurice GreenStuart Ian GrimshawChristopher Colin GrubbValerie HoogstadPeter HuntCraig John KnowlesRichard Damien Wilson LyleAudrey Janet PageAllan John Rogers AMSean Patrick StraneyDavid Lewis Williams2 Company ParticularsOdyssey House McGrath Foundation, incorporated and domiciled in Australia, is a public company limited by guarantee. The address of theregistered office is 13a Moonstone Place EAGLE VALE NSW 2558.3 Company SecretaryMrs Dawn Paterson was appointed to the position of company secretary on 5 January 1998.4 Principal ActivityThe principal activity of the Foundation during the financial year was the provision of residential and non-residential drug and alcoholrehabilitation centres and a detoxification unit.There was no significant change in the nature of this activity during the financial year.5 Review and Results of OperationsThe Foundation continued to engage in its principal activity during the financial year.The net profit of the Foundation for the year ended 30 June 2006 was $29,047 (2005: $56,601).6 DividendsNo dividends will be paid as the payment of a dividend is forbidden by the Articles.7 State of AffairsNo significant changes in the state of affairs of the Foundation occurred during the financial year.8 Events Subsequent to Balance DateThere has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of amaterial and unusual nature likely, in the opinion of the directors of the Foundation to significantly affect the operations of the Foundation,the results of those operations, or the state of affairs of the Foundation in future financial years.9 Likely DevelopmentsThe Foundation will continue to pursue its principal activities. It is not expected that the results in future years will be adversely affected bythe continuation of these operations.Further disclosure of information regarding likely developments in the operations of the Foundation in future financial years and the expected resultsof those operations is likely to result in unreasonable prejudice to the Foundation. Accordingly, this information has not been disclosed in this report.ODYSSEY HOUSE282006ANNUAL REPORT