ANNUAL REPORT

Transcription

1 ANNUAL REPORT

2 ANNUAL REPORT PATRON Sir Bob Harvey KNZM, QSO, JP BOARD OF TRUSTEES John Syme Chairperson Ross Jewell Fuimaono Tuiasau Larry Robbins Gaylene Campbell Ann Cripps Murray Henshall John Robertson HONORARY TRUSTEES Sue Mckenna Sir Bob Harvey KNZM, QSO, JP Te Awhina Asekona Patrick Reuben SOLICITORS Chambers Craig Jarvis AUDITOR RSM Hayes Audit EXECUTIVE TEAM Chief Executive Officer: Dr. Colin Hayes General Manager, Finance: Spencer Beazley Design & Print by Studio Q

3 INTRODUCTION: Chairman & Chief Executive Officer We are pleased as Chairman and CEO to present the Annual Report of Framework Trust. For 34 years the Trust has been a vital contributor in the not for profit sector in Auckland. This demonstrates a consistent level of provision of mental health and intellectual disability services. Since July 214 a division of responsibilities has the charitable company, Framework Services Limited (FSL), operate the mental health services as a subsidiary of Framework Trust while the Trust has responsibility to manage the properties and assets of the organisation. John Syme Chairman Framework Trust Dr. Colin Hayes Chief Executive Officer Framework Trust Exterior of the Head Office, situated in Huia Road, Otahuhu

4 In summary the Trust has a charitable focus which includes: The provision of mental health-friendly accommodation to suit FSL s needs Providing charitable grants Supporting FSL with its mental health, intellectual disabilities and training services. Supporting mental health sector initiatives. Property Ownership: The Trust completed the sale of its Kingsland properties in September 216. Trustees have taken a conservative approach and the funds have been invested with the long-term view of supporting future mental health, intellectual disability and training initiatives. property. The Trust recognises that consumer focused accommodation will continue to be an issue as the property climate in Auckland continues to be challenging. The Trust is currently accommodating 17 consumers in six leased properties within Central and South Auckland. Charitable Grants: The Trust now only owns property at 34 and 51 Huia Rd, Otahuhu, which are used by FSL for care provision, business support and training. The main renovations at 51 Huia Road for the year included: Refurbishing the ground floor toilet area which is accessible by staff and those attending training and community meetings Tarsealing the main carpark and erecting new roadside fencing Consumer Accommodation: The Trust assessed the provision of consumer accommodation in the light of the sale of the Kingsland site. It was agreed that the Trust would continue to provide a range of short term to medium term housing for consumers. For the immediate future it was decided to utilise solely leased Grants over the year included: The Floris De Groot Scholarships are awarded each year to enable consumers of FSL to access tertiary educational study. This year the total amount available for the scholarships was increased by the Trust, with the total amount of 7,85 being distributed to seven consumers. The Trust has continued to fund an amount of 4, this year for the ACCESS radio mental health show Take It From Us. This is a weekly consumer focused programmed which addresses mental health issues with a focus on empowerment, mindfulness and recovery. Under the presentation of Sheldon Brown the programme has a strong on air and on line presence, and is also a multi-award winning show.

5 Left: Radio host Sheldon Brown talks to Paul Emery about his fundraising adventure to climb Mt. Kilimanjaro Supporting FSL: The Future: The provision of fit-for-purpose premises for its services is a key responsibility of the Trust. Maintenance and development of the 34 and 51 Huia Road sites has continued over the year to enhance the utility and value of the buildings. Financial Perfomance: Following last year s result which included the Kingsland sale, the financial result for the Trust for this year is more in line with expected future operating annual performance and a Net Surplus of 35,796 was achieved. The Board of Trustees has appointed JMIS Limited as the Trust s investment advisor and this is a significant move to receive and maintain a high level of professional advice which provides the Trustees advice for the Trust s funds management. Now that the revenue flow from investments is achieving a predictable income, the Trust will now turn its attention to expand the service options through either Framework Services or other initiatives. To this end the Trust Board will reduce in numbers and recruit new skills in the 217/18 year to focus solely on those objectives in the future. FSL will operate independently with its own Board of Trustees. In conclusion we wish to acknowledge the courage and foresight of Trustees, managers and staff who over 34 years have contributed to the extraordinary heritage of the Trust. The bold steps in the early days to invest in the future of the Trust through property acquisition have left a legacy which will impact future mental health, intellectual disability and training initiatives. John Syme, Chairman Dr Colin Hayes, Chief Executive Officer

6 FRAMEWORK TRUST FINANCIAL SUMMARY 217 Summary Consolidated Statement of Financial Position as at 3 June 217. Summary Consolidated Statement of Comprehensive Revenue and Expense, Consolidated Statement of Net Assets/Equity and Consolidated Statement of Cash Flows for the year ended 3 June 217. REVENUE Group 217 Group 216 Parent 217 Parent 216 Revenue from non exchange transactions - government grants and donations Revenue from exchange transactions Gain/(loss) on disposal of property, plant and equipment Rental income Other income 7,57,864 25,32 181, ,221 7,16,16 9,49,668 26,561 19,356 18, , ,798 9,278,29 585, ,983 TOTAL INCOME 7,79,283 16,462,691 87,19 1,158,733 EXPENSES Employee related expenses Depreciation Other Expenses 5,395,565 32,439 1,386,3 5,358,22 3,629 1,26,274 88,374 33, ,857 8,35 219,99 226,49 TOTAL INCOME SURPLUS FOR THE YEAR 7,12,7 67,276 6,919,15 9,543, ,223 35, ,453 9,633,28 Other comprehensive revenue and expenses TOTAL COMPREHENSIVE REVENUE AND EXPENSES FOR THE YEAR 67,276 9,543,586 35,796 9,633,28 CHANGES IN NET ASSETS/EQUITY Closing equity 3 June 216 Surplus for the year Other comprehensive revenue and expenses Total comprehensive revenue and expenses for the year Accumulated comprehensive revenue and expenses 16,78,959 67,276 67,276 Total 16,78,959 67,276 67,276 Accumulated comprehensive revenue and expenses 16,155,15 35,796 35,796 Total 16,155,15 35,796 35,796 CLOSING EQUITY AT 3 JUNE ,55,946 16,55,946 CURRENT ASSETS Cash and cash equivalents Short term investments Recievables from exchange transactions Recievables from non exchange transactions Prepayments and other assets Non current assets held for sale 993,377 14,39,414 23, ,64 28,923 1,384,414 3,597,132 9,241,91 551,484 42, ,99 14,39,414 23,44, 9,6 983,151 3,597,132 9,573,225 4,819 TOTAL CURRENT ASSETS 15,68,887 14,816,957 14,524,868 14,158,327 CURRENT LIABILITIES Deferred revenue Employee benefits Payables from exchange transactions 89,573 33, ,355 51, ,6 339,187 53,174 2,253 38,365 TOTAL CURRENT LIABILITES 1,22, ,658 53,174 4,618 WORKING CAPITAL 14,586,12 13,964,299 14,471,694 14,117,79 NON CURRENT ASSETS Investment in subsidiary Investment properties Property, plant and equipment 2,1,115 2,114,66 6, 1,429,15 5,12 6, 1,428,267 9,174 NON CURRENT ASSETS 2,1,115 2,114,66 2,34,252 2,37,441 NET ASSETS 16,78,959 16,55,946 16,155,15 NET ASSETS Accumulated comprehensive revenue and expenses TOTAL NET ASSETS CONTRIBUTION 16,78,959 16,78,959 16,55,946 16,55,946 16,155,15 16,155,15 CONSOLIDATED CASH FLOWS Net cash flows from operating activities Net cash flows from investing activities Net cash flows from financing activities 1,119,18-1,51,144 78,524-1,5,66 711,636-1,241, ,746-31, ,9 NET INCREASE/(DECREASE) IN CASH HELD -391,36-27,82-53, ,673

7 Framework Trust 51 Huia Road, Otahuhu, Auckland PO Box 22424, Otahuhu, Auckland 164 Ph: Fax: reception@framework.org.nz