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THE NATIONAL TRUST OF AUSTRALIA

(NEW SOUTH WALES)

ABN 82 491 958 802

GENERAL PURPOSE ANNUAL REPORT

FOR THE YEAR ENDED 30 JUNE 2013

This Financial Report was authorised for issue by the Board of Directors on 4 October 2013.

The Board has the power to amend and re-issue the Financial Report.

THE NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES)

DIRECTORS’ REPORT

30 June 2013

Page 1

The Directors present their report together with the consolidated financial statements for the

consolidated entity consisting of The National Trust of Australia (New South Wales) (“The Trust”) and

the entities it controlled at the end of or during the year ended 30 June 2013, and the auditor’s

report thereon.

As part of the long term funding strategy of the Trust, to preserve capital contributions received from

third parties and proceeds from sale of Trust properties, a new structure was set up on 19 March

2013, consisting of a trustee company and two trusts. The Trustee Company is known as National

Trust of Australia (NSW) Heritage Foundation Limited. The Trusts are known as the National Trust of

Australia (NSW) Heritage Foundation Trust (‘Heritage Foundation’) and National Trust of Australia

(NSW) Heritage Foundation Ancillary Fund (‘Ancillary Trust’). These entities form part of the

consolidated entity.

Directors

The Directors noted below held office during the whole of the financial year and to the date of this

report, unless indicated below. The Board met on 12 occasions during the year and the numbers of

meetings attended by each of the Directors during the financial year were as follows:

Meetings

Held while

in Office

Meetings

attended

Ian Carroll OAM, President 12 11

Donald Godden, Deputy President (until 5 December 2012) 12 9

Professor Ross Griffith, Deputy President (appointed 5 December 2012) 12 10

Neil Wykes OAM, Treasurer 12 8

Ron Bottrill (appointed 24 November 2012) 8 8

Robyn Christie 12 11

Ann Hardy 12 10

Meredith Hutton 12 12

Keith Parsons 12 11

John Richardson 12 11

Brian Scarsbrick AM, Executive Director 12 12

Ian Stephenson 12 12

Janine Kitson (until 24 November 2012) 4 1

Peter Lowry OAM (until 24 November 2012) 4 1

Ian Carroll, Don Godden, Neil Wykes, John Richardson and Ian Stephenson were re-elected and Ron

Bottrill was newly elected by the members in November 2012. Ian Carroll OAM was re-elected as

President, Professor Ross Griffiths was elected as Deputy President and Neil Wykes OAM was re-

elected as Treasurer in December 2012 by the directors. The Executive Director does not participate

in these elections.

The qualifications, experience and special responsibilities of Directors are set out on pages 6 to 10.

Corporate Governance

The election of Directors held in November 2012 produced seven candidates for the six available

positions on the Board. Therefore, an election of Board Directors was held. As a result, five sitting

members sought re-election and five were returned. One new Director was elected.


DIRECTORS’ REPORT (continued)

30 June 2013

Page 2

The Finance, Audit and Risk Management Committee as well as many technical, fundraising,

conservation and other volunteer committees continued to support the management of the

consolidated entity during the year. Those committees at 30 June 2013 are recognised within the

published Annual Review and a list is available on the consolidated entity’s public website.

Finance, Audit and Risk Management Committee

Members of the Finance, Audit and Risk Management Committee are shown below. All were

members for the whole year unless otherwise stated. The number of meetings attended is shown

below:

Meetings Held

while a Member

Meetings

attended

Neil Wykes OAM, Chair 12 12

Ian Carroll OAM 12 8

John Richardson 12 10

Ron Bottrill (appointed 24 November 2012) 7 6

Gary Hoare 12 9

Ann Braybon 12 11

Brian Scarsbrick AM 12 9

Short and long-term objectives and strategy

The consolidated entity’s short and long-term objectives are:

• To be trusted as a leading independent guardian of Australia’s built, cultural and natural

heritage, and defender of our sense of place and belonging in a changing world.

• To advocate for the conservation of our built, cultural and natural heritage by engaging with

the community and government.

• To conserve and protect our built, cultural and natural heritage by example, advice and

support.

• To educate and engage the community by telling our stories in ways that awaken a sense of

place and belonging.

The consolidated entity’s strategies for achieving these objectives include the following:

• To lobby, facilitate, promote and raise awareness to protect our built, cultural and natural

heritage.

• To conserve, maintain, preserve or restore the Trust’s buildings, landscapes and collections for

current and future generations and advise and facilitate others on conservation techniques.

• To use properties, collections and intellectual expertise to develop formal education and

lifelong programs to encourage people of all ages to understand and relate to our heritage.

• To manage and enhance the Trust’s reputation and communication with its audience, and

maximise its brand and marketing to support the consolidated entity’s goals.

• To recruit, retain, involve and galvanise the Trust’s members and supporters.



30 June 2013

Page 3

• To initiate, undertake and support fundraising activities and generate commercial income from

business activities.

• To support the consolidated entity’s Board, staff and volunteers so they can work efficiently

and effectively and optimise and maintain assets.

• To comply with legal and regulatory requirements, management of risks, policies, constitution

and values.

Principal Activities

The Trust is a community based statutory body and a charity which works to protect Australia’s

heritage through advocacy, conservation and education within New South Wales. As independent

charitable organisations, the Trust and the entities the Trust controls are supported by memberships,

donations, sponsorships, bequests and our volunteers.

The work of the Trust’s employees compliments the estimated over 130,000 hours spent by

volunteers to conserve and interpret heritage for the people of New South Wales.

The consolidated entity’s principal activities during the year included:

• Major advocacy campaigns in relation to the State Government Planning White Paper and

Exposure Bill, Darling Harbour redevelopment, Thompson Square Windsor, Garden Island

Hammerhead Crane, Albury Ulver DC2 Aircraft Memorial, Glebe Island Bridge, Avoca Beach

Theatre, Historic Boot Factory in Bondi Junction, the Significant Trees Register, Hunter Valley

Class 10 Steam locomotive and a viable Environmental Defenders Office.

• Seeking and receiving $632,159 in specific and general purpose grants.

• Fundraising through gifts, donations, legacies, annual appeals and regular giving programs.

• Providing direct assistance to clients in the management of native bushland through Bush

Management Services bush regeneration contracts.

• Operating a trading enterprise that comprises a number of shops, function facilities, art

galleries and heritage properties. Income and interest in heritage is raised by events, gallery

and property visitation (135,325 visitors in 2013), inspections and guided tours which are

conducted by staff and volunteers. The consolidated entity also raised funds from the

commercial property rental of some properties.

• Helping the community to fund the conservation of significant heritage through Trust -

endorsed conservation appeals.

• Conducting the 20th annual National Trust Heritage Awards.

• Sale of a 99 year lease of Juniper Hall in January 2013 for $4,551,000, generating a profit of

$2,420,779.

• Major upgrade of Experiment Farm cottage with the assistance of donations from the Blaxland

Foundation.

• Relocation of timber slab church building to Dundullimal, including restoration and refit to

provide additional education facilities.



30 June 2013

Page 4

These activities have assisted the consolidated entity in achieving its objectives by enabling it to:

• Raise $8.8million in revenue;

• Fund major advocacy programs; and

• Connect with communities.

Results

During the year ended 30 June 2013, the consolidated entity paid out $1,392,128 more cash than it

received on its operating expenses and activities (2012: the consolidated entity paid out more by

$2,262,991 and 2011 by $4,336,429).

The consolidated entity reported a profit for accounting purposes of $1,585,968 (2012: deficit of

$1,757,673 and 2011: a loss of $133,642). This included the profit on sale of the lease on Juniper Hall

of $2,420,779 and an increase in the value of the consolidated entity’s investments of $393,008

(2012: decrease $179,485) and bequests of $10,000 (2012: $186,637).

The consolidated entity measures its performance based on the operating profit/(loss) which is the

profit/(loss) before unrealised gains and losses on investments, any bequests and before any profit

or loss on sale of properties or collections. The operating loss for the year was $1,239,433, compared

with $1,764,825 in 2012 and $2,277,095 in 2011.

State of Affairs

In the opinion of the Directors, there was a significant change in the state of affairs of the

consolidated entity that occurred during the financial year under review resulting from the sale of

Juniper Hall. This sale provided cash injection to enable the consolidated entity to continue its work.

As part of the long term strategy, in June 2013 $3 million of the proceeds from the sale of Juniper

Hall were placed in the Heritage Foundation to enable the proceeds to be preserved, with the

income from these funds to be used to assist the consolidated entity to continue its work.


DIRECTORS’ QUALIFICATIONS, EXPERIENCE AND SPECIAL

RESPONSIBILITIES

30 June 2013

Page 6

Name Qualifications Experience Special

responsibilities

Ian Carroll OAM BA LLM (Hons) Retired Partner of national legal firm Clayton

Utz.

Former Director of companies in the insurance,

reinsurance, manufacturing, industrial and

wholesaling businesses.

Former President of UNICEF Australia.

Former Member of the Council of Knox

Grammar School and of the governing bodies of

other not!for!profit organizations.

President

Member of

Finance, Audit and

Risk Management

Committee.

Chair of Trust

Honours

Committee.

Professor Ross

Griffith

BSc (Hons) PhD,

CText, FTI,

M.A.A.F.S

Member of the Governing Council of the Smith

Family.

Former Director of the Smith Family.

Former Member, Academic Board, University of

NSW.

Former Director Textile Academia (Switzerland)

and Chairman, Asia Pacific Zone.

Emeritus Professor – University of NSW and

Adjunct Professor, RMIT University.

Honorary Dean of Emeriti, NSW

Deputy President

(appointed 5

December 2012)

Member of

Properties

Taskforce.

Neil Wykes OAM

B Com, FCA, ACSA,

ACIS

General Manager, Audit and Risk, Ramsay Health

Care Limited.

International Vice President, Variety

International, The Children’s Charity.

Company Secretary, Variety Australia, The

Children’s Charity.

Chair of Audit and Risk Management

Committee, Justice Health and Forensic Mental

Health Network.

Retired partner of international accounting firm

Ernst & Young.

Treasurer

Chair of Finance,

Audit and Risk

Management

Committee.

Chair of

Government

Review Taskforce.

Ron Bottrill B Com, CPA, Deputy Chair of the After Hours Committee.

Member of the Institute of Company Directors

Sydney Inner West Rotary Membership and

Public Relations Director.

Former Chair of the After Hours Committee.

Former Treasurer of the After Hours Committee.

Former Executive Director of IOOF Trustees.

Member of

Finance, Audit and

Risk Management

Committee.

Public Officer.



RESPONSIBILITIES

30 June 2013

Page 7


responsibilities

Robyn Christie BA (Hons), BA

(Architecture), MA

(Art History), M

Heritage

Conservation,

Master of

Architecture

Member of Australia ICOMOS.

Member of Museums Association.

Associate Member of Professional Historians

Graduate member of Royal Australian Institute

of Architects.

President of Hunter’s Hill Trust.

Member of Hunters Hill Council’s Conservation

Advisory Panel.

Former Curator of S.H. Ervin Gallery.

Former Assistant Director of Museum of

Australian Childhood.

Heritage contracts have included work at

Susannah Place, Elizabeth Bay House, Juniper

Hall, St Mary’s Cathedral and Central Railway

Station.

Member of S.H.

Ervin Gallery

Advisory

Committee.

Member of

Museums &

Collections

Committee.

Donald Godden MSc Principal Field Investigator, Smithsonian

Institution – UNSW Pakistan project.

Senior lecturer, School of Architecture, UNSW.

Director, Master of the Built Environment

(Building Conservation) Course UNSW.

Principal, Godden Mackay Logan (and

predecessors), Heritage Consultants.

Chairman, Godden Mackay Logan.

Former Deputy President of the Trust (until 5

December 2012).

Ann Hardy BSW, Grad. Dip

Applied Heritage

Social worker and Historian.

Member of the University of Newcastle’s Coal

River Working Party and Hunter Heritage

Network.

Former member of the Newcastle Council

Strategic Heritage Committee.

Secretary of

Hunter Regional

Committee.



RESPONSIBILITIES

30 June 2013

Page 8


responsibilities

Meredith Hutton BA, MA, Dip. 18th

& 19th

Century

Decorative Arts

Specialist Archaeologist for the Heritage Council

of NSW.

Member of Wollongong Council Heritage

Advisory Committee and the Old Court House

Management Committee.

Former Heritage Council representative on the

liaison Committee with the MWS&DB.

Former Convenor of the History Sub!committee

of the University of Sydney Women’s College

Summer School Committee.

Former Secretary of the Heritage Council of

NSW Archaeological Advisory Committee.

Chair of Illawarra

and Shoalhaven

Branch.

Member of

Honours

Committee.

Member of

Curatorial

Committee.

Member of

Museums Task

Force.

Janine Kitson

(until 24

November 2012)

BA, Dip Ed, M Ed,

Dip TEFL, MA, M

Ed (Hons)

Teacher

Secondary & Primary Educational Consultant.

Former Councillor on Ku!ring!gai Council.

Former President of the David G. Stead

Memorial Wildlife Research Foundation of

Australia.

Vice!President, National Parks Association of

NSW.

NSW Teachers Federation representative to the

National Parks Association of NSW, Nature

Conservation Council of NSW and Workers'

Educational Association, Sydney.

NSW Teachers Federation Councillor.

Councillor for NSW Teachers Federation's

Sustainable Environment and Restricted

Committee.

Secretary of After

Hours Committee.

Member of

Landscape

Advocacy

Committee.

Peter Lowry OAM

(until 24

November 2012)

LLB Company Director and Lawyer.

Board member of the Sydney Harbour

Federation Trust, Sydney Harbour Foreshore

Authority, Planning Research Centre of the

University of Sydney, Ensemble Theatre,

Seaborn Broughton Walford Foundation and

NIDA.

Member of

Magazine Editorial

Committee.



RESPONSIBILITIES

30 June 2013

Page 9


responsibilities

Keith Parsons B. Sc. Chair of the Newcastle City Council Strategic

Heritage Committee.

Former Board Member of the Hunter Heritage

Centre, Newcastle Workers’ Health Centre and

Newcastle Regional Art Gallery Foundation.

Former vice president of the Parks and

Playgrounds Movement and Newcastle Gallery

Society.

Chair of Hunter

Regional

Committee.

Member of the

Built Heritage

Conservation

Committee.

John Richardson B Arch Director of Cox Richardson Architects.

Board Member of the Australian Services Round

Table.

Former President of the Royal Australian

Institute of Architects (NSW Chapter).

Former Board Member, Board of Architects,

NSW, Australian Institute of Steel Construction,

Sydney Harbour Design Review Panel and

Sydney Cove Authority.

Member of

Finance, Audit and

Risk Management

Committee.

Member of

Properties

Taskforce.

Brian Scarsbrick

AM

BA, Biological

Sciences

H.O.A.

Board Director Wetland Care Australia

Board Director Carbon Smart

Member of the Interim Council of Freshwater

Studies.

Inaugural CEO and 20 years as CEO of Landcare

Australia

Former District Agronomist with NSW

Agriculture.

Regional Director of Agriculture and Fisheries.

Churchill Fellowship to study Sustainable

Agriculture.

Executive Director.

Member of

Finance, Audit and

Risk Management

Committee.



RESPONSIBILITIES

30 June 2013

Page 10


responsibilities

Ian Stephenson BA, Postgraduate

Diploma in

Museum Studies

20 years experience in historic place

management, heritage advocacy and museums

including involvement in historic building

management, advocacy, town planning issues,

conservation planning, securing grant funding,

implementing large scale works programs and

liaising with Government Departments and

members of Parliament.

Trustee Copland Foundation

Former Trust Senior Curator.

Director – Historic Places (National Trust of ACT)

Former CEO of The National Trust of South

Australia.

University Curator at the University of New

England.

Member of

Saumarez Advisory

Committee.

Chair of Properties

Taskforce.

Member of

Museums

Taskforce.

AUDITOR’S INDEPENDENCE DECLARATION As lead auditor for the audit of the consolidated financial report of The National Trust of Australia (New South Wales) for the year ended 30 June 2013, I declare that, to the best of my knowledge and belief, there have been no contraventions of: (a) the auditor independence requirements of the Corporations Act 2001 in relation to the audit;

and (b) any applicable code of professional conduct in relation to the audit. This declaration is in relation to the National Trust of Australia (New South Wales) and the entities it controlled during the period. Sydney, NSW D K Swindells 3 October 2013 Partner

NATIONAL TRUST OF AUSTRALIA (NEW SOUTH WALES)

ABN 82 491 958 802

INDEPENDENT AUDITOR’S REPORT

To the members of National Trust of Australia (New South Wales)

We have audited the accompanying financial report of National Trust of Australia (New South Wales) (“the Trust”), which comprises the consolidated statement of financial position as at 30 June 2013, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in equity and the consolidated statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration, for the consolidated entity. The consolidated entity comprises the Trust and the entities it controlled at the year’s end or from time to time during the financial year.

Directors’ Responsibility for the Financial Report

The directors of the Trust are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.

In Note 1(a), the directors also state, in accordance with Accounting Standard AASB 101: Presentation of Financial Statements, that the consolidated financial report complies with International Financial Reporting

Standards.

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. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about 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 judgement, 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 company’s preparation of the financial report that gives a true and fair view 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 Trust’s and its controlled entities’ 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.

Our audit did not involve an analysis of the prudence of business decisions made by directors or management.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

INDEPENDENT AUDITOR’S REPORT (continued)

Independence

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, given to the directors of the company on 3 October 2013, would be in the same terms if provided to the directors as at the time of this auditor’s report.

Opinion

In our opinion:

(a) the financial report of National Trust of Australia (New South Wales) is in accordance with the Corporations Act 2001, including:

(i) giving a true and fair view of the consolidated entity’s financial position as at 30 June 2013 and its performance for the year ended on that date; and

(ii) complying with Australian Accounting Standards and the Corporations Regulations 2001; and

(b) the financial report also complies with International Financial Reporting Standards as disclosed in Note 1(a)

(c) the financial report gives a true and fair view of the financial results of fundraising appeals for the year ended 30 June 2013;

(d) the financial statements and associated records have been properly kept during the financial year in accordance with the provisions of the Charitable Fundraising Act 1991 and Regulations thereto;

(e) money received as a result of fundraising appeals conducted during the year has been properly accounted for and applied in accordance with the Charitable Fundraising Act 1991 and Regulations thereto; and

(f) at the date of this statement there are reasonable grounds to believe that the consolidated entity will be able to pay its debts as and when they fall due.

HLB Mann Judd D K Swindells Chartered Accountants Partner Sydney, NSW 4 October 2013


2013 2012

NOTE $ $

Bequests 10,000 186,637

Bushland Management Income 1,226,769 1,408,834

Conservation Services 169,653 98,056

Donations 19 479,883 528,091

Enterprises 709,786 707,817

Fundraising and Event Income 744,022 813,847

Gain on Disposal of Fixed Assets 2,422,393 1,702

Grant Revenue 3 477,563 318,344

Investment Income 316,572 365,595

Membership Income 690,081 713,605

Merchandising 547,241 578,745

Museum Visitation Income 564,801 562,844

Sponsorships 83,873 53,742

Gain on Revaluation of Investments 7 393,008 !

Total Revenue 8,835,645 6,337,859

ACNT Levy 48,350 50,228

Advertising and Promotion 67,520 59,863

Audit and Accounting Fees 18 68,400 81,903

Bushland Management ! Employee Costs and Expenses 791,066 946,575

Cost of Merchandising 396,789 400,451

Depreciation 8 126,384 132,028

Employee Costs and Expenses 3,241,935 3,901,841

Event Expenses 383,329 469,523

Insurances 232,430 206,790

Legal and Consultancy Fees 174,557 95,711

Loss on Revaluation of Investments 7 ! 179,485

Other Office Expenses 305,481 360,349

Postage and Printing 240,828 292,260

Repairs & Maintenance 934,898 685,471

Utilities and Rates 237,710 233,054

Total Expenses 7,249,677 8,095,532

Surplus / (Deficit) for the Year 1,585,968 (1,757,673)

Other Comprehensive income ! !

TOTAL COMPREHENSIVE INCOME 1,585,968 (1,757,673)

Consolidated Statement of Profit or Loss and Other Comprehensive Income

The accompanying notes form an integral part of these consolidated financial statements.

For the year ended 30 June 2013

Page 16


2013 2012

Note $ $

Cash & Cash Equivalents 12(i) 1,933,131 247,376

Cash - Heritage Foundation 4 3,000,029 -

Cash - Restoration Appeals 13 2,906,473 2,706,216

Receivables 5 513,439 543,614

Prepayments 26,093 21,548

Inventories 6 205,217 232,963

Total Current Assets 8,584,382 3,751,717

Other Financial Assets 7 3,977,678 5,118,207

Property, Collections and Equipment 8 51,327,489 53,419,392

Total Non-Current Assets 55,305,167 58,537,599

TOTAL ASSETS 63,889,549 62,289,316

Accounts Payable 409,120 536,775

Deferred Income & Unexpended Grants 9 668,826 678,734

Employee Entitlements 10 450,379 479,291

Restoration Appeals 13 2,906,473 2,706,216

Total Current Liabilities 4,434,798 4,401,016

Deferred Income 9 91,735 91,784

Employee Entitlements 10 72,172 91,640

Total Non-Current Liabilities 163,907 183,424

TOTAL LIABILITIES 4,598,705 4,584,440

NET ASSETS 59,290,844 57,704,876

Retained Surplus 22,993,508 21,407,540

Reserves 36,297,336 36,297,336

TOTAL ACCUMULATED FUNDS 59,290,844 57,704,876

Consolidated Statement of Financial Position

As at 30 June 2013


Page 17


Restricted

Surplus

Unrestricted

Surplus

Retained

Surplus

Reserves Total Funds

$ $ $ $ $

Total Accumulated Funds at 30 June 2011 2,736,236 20,428,977 23,165,213 36,297,336 59,462,549

Deficit for the year ended 30 June

2012(167,060) (1,590,613) (1,757,673) ! (1,757,673)


Surplus for the year ended 30 June

201373,124 1,512,844 1,585,968 ! 1,585,968


Consolidated Statement of Changes in Accumulated Funds



Page 18


2013 2012

Note $ $

Cash flows from operating activities

Cash receipts in the course of operations 8,156,238 6,254,737

Cash payments in the course of operations (9,708,477) (8,254,601)

Interest received/(paid) 160,111 (263,127)

Net cash outflows from operating activities 12(ii) (1,392,128) (2,262,991)

Cash flows from investment activities

Proceeds from sale of property, plant & equipment 4,422,393 9,091

Proceeds on withdrawal of investments 1,690,000 2,200,000

Payments for property, plant & equipment (34,481) (115,562)

Acquisition of investments - (300,000)

Placement of restricted funds 24 (3,000,029) -

Net cash inflows from investment activities 3,077,883 1,784,438

Net (decrease) / increase in cash & cash equivalents 1,685,755 (469,462)

Cash & cash equivalents at the beginning of the financial year 247,376 716,838

Cash & cash equivalents at the end of the financial year 12(i) 1,933,131 247,376


Consolidated Statement of Cash Flows


Page 19


Notes to and forming part of the accounts for the year ended 30 June 2013

Page 20

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

The following significant accounting policies have been applied in the preparation of these

consolidated financial statements. These policies have been applied consistently to all the years

presented. These financial statements are for the consolidated entity consisting of The National Trust

of Australia (New South Wales) (the ‘Trust’) and the entities it controls.

(a) Basis of Preparation

The National Trust of Australia (New South Wales) is a statutory body and a statutory corporation

constituted by the National Trust of Australia (New South Wales) Act 1990 (‘the National Trust

Act’).

These general purpose financial statements have been prepared in accordance with Australian

Accounting Standards (AASB’s), Australian Accounting Interpretations, other authoritative

pronouncements of the Australian Accounting Standards Board, the Corporations Act 2001 and the

National Trust Act and Rules. They have been prepared on the basis of historical costs and do not

take into account changing money values or, except where stated, current valuations of non-

current assets.

STATEMENT OF COMPLIANCE:

The financial statements and notes comply with International Financial Reporting Standards (IFRS’s)

as issued by the International Accounting Standards Board (IASB).

(b) Principles of Consolidation

The consolidated financial statements incorporate the assets and liabilities of the Trust and the

entities it controls as at 30 June 2013 and the results of all such entities for the year then ended.

The Trust and the entities it controls together are referred to in these financial statements as the

group or the consolidated entity.

The entities the Trust controls are all entities over which the group has the power to govern the

financial and operating policies.

Controlled entities are fully consolidated from the date on which control is transferred to the

group. They are de-consolidated from the date that control ceases.

Intercompany transactions, balances and unrealised gains on transactions between group entities

are eliminated.

The group has formed a company limited by guarantee (“the Trustee”) and two Trusts on 19 March

2013, for the purpose of raising contributions and investing and limiting the distribution of

revenues from the sale of properties and fundraising. These entities are consolidated, as the

substance of the relationship is that the entities are controlled by the Trust. Refer note 24.



Page 21

(c) Revenue Recognition

SALES REVENUE:

Sales revenue comprises revenue earned (net of returns, discount and allowances) from the

provision of products or services to customers. Sales revenue is recognised when the goods are

provided, or when the fee in respect of services provided is receivable.

REVENUE:

Interest income and rent are recognised as they accrue.

DONATIONS/BEQUESTS:

Donations/bequests are recognised when received.

MEMBERSHIP SUBSCRIPTIONS:

One year subscriptions are recognised when received.

Three year subscriptions are treated as annual subscriptions paid in advance. The first annual

subscription is recognised when due with the remainder in advance being deferred to be

recognised on the subsequent anniversary of the membership due date until the deferred amount

is fully utilised.

OTHER REVENUE:

Revenue recognition policies for grants and investments are described in Accounting Policy notes 1

(e) and (g) respectively.

(d) Grants

Both specific and general purpose grants are recognised as revenue when due and receivable.

If all funds received in respect of any grant that is refundable are not spent in the financial year of

receipt, the unspent portion is carried forward as a liability until the grant is not refundable.

(e) Taxation

The Trust has been granted exemption from:

• Income tax;

• Payroll tax;

• Land tax; and

• Stamp duty.

The Trust is listed by name as a Deductible Gift Recipient coved by item 1 of the table in section 30-

15 of the Income Tax Assessment Act 1997 (ITAA97).

(f) Receivables

Trade debtors and other receivables are carried at amounts due. The collectability of debts is

assessed at balance date and a specific provision is made for any doubtful debts.



Page 22

(g) Financial Assets at Fair Value through Profit or Loss

Financial assets at fair value through profit or loss are initially recorded at cost, and subsequently

carried at market value, with changes in value recorded in profit or loss.

Distributions are recognised as revenue as at the date the distribution is declared and share

dividends are recognised when received.

(h) Land, Buildings and Collections

LAND AND BUILDINGS:

Freehold land and buildings are recorded at cost, or at valuation when received by way of bequest.

In certain instances, the Trust obtains an economic benefit from the use of land and buildings that

are not owned by it but are held by it on behalf of the owner. Where a right to use such land and

buildings vests, the Trust holds the land and buildings as custodian.

Improvements to land and buildings are recorded at cost (including assets revalued prior to 1 July

2000 which are now deemed to be at cost in accordance with AASB 1041 Revaluation of Non-

Current Assets, which was applied at that time).

If land and/or buildings are sold, the effective date of sale for accounting purposes is the date on

which the transaction is settled.

COLLECTIONS:

Museum collections are carried at fair value. Independent valuations are undertaken on a rolling

basis and considered by the Directors when determining fair value.

(i) Depreciation

PLANT, EQUIPMENT AND FURNITURE:

Items of plant, equipment and furniture are depreciated on a straight line basis over their

estimated useful lives. Assets are depreciated from the date of acquisition. The range of useful

lives used is 3 to 20 years, represented by the following depreciation rates:

Computers and related technology based equipment 33.3%

Plant and other general equipment – heavy use 33.3%

Plant and other general equipment – moderate use 20.0%

Plant and other general equipment – light use 6.6%

Motor vehicles 20.0%

Furniture & fittings 5.0% - 10.0%

Non-heritage buildings 5.0%

HISTORIC BUILDINGS AND COLLECTIONS:

Due to the historic nature of the Trust's buildings and collections, no depreciation expense is

charged in respect of these assets.



Page 23

OPERATING LEASES:

Payments made under operating leases are expensed on a straight line basis over the term of the

lease.

(j) Payables

Liabilities are recognised for amounts to be paid in the future for goods and services received.

Trade accounts payable are normally settled within the payment terms.

(k) Inventories

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

(l) Employee Entitlements

WAGES, SALARIES, ANNUAL LEAVE:

Liabilities for employee entitlements to wages, salaries and annual leave represent present

obligations resulting from employees’ services provided up to the reporting date, calculated at

amounts based on expected future wage and salary rates including related on-costs.

LONG SERVICE LEAVE:

The liability for long service leave expected to be settled within 12 months of the reporting date is

recognised and measured in accordance with ‘annual leave’ above, including on-costs.

The liability for long service leave expected to be settled more than 12 months from the reporting

date including on-costs is recognised and is measured based on remuneration rates current as at

balance sheet date for all employees with five or more years of service. The Directors believe that

this method provides an estimate of the liability that is not materially different from the estimate

that would be obtained by using the present value basis of measurement.

(m) Cash & Cash Equivalents

Cash & cash equivalents include cash on hand and demand deposits and other short-term highly

liquid investments that are readily convertible to cash, that are held for the purpose of meeting

short-term cash commitments.

(n) New Accounting Standards & Interpretations

Certain new accounting standards and interpretations have been published that are not mandatory

for the 30 June 2013 reporting period. The Directors’ assessment of the impact of these new

standards and interpretations is that they will result in no changes to the amounts recognised or

disclosed in the financial statements.

NOTE 2: LONG TERM VIABILITY/GOING CONCERN

In 2012, the Board of the Trust established a Properties Review Taskforce to review all Trust properties

and determine those which may be appropriate for sale. During the year, the Trust sold a 99 year



Page 24

lease on Juniper Hall, a property in Paddington NSW, and the Taskforce is continuing to review other

properties in the Trust’s portfolio. In addition, the Board established a Museums Taskforce to explore

ways of improving the performance of the Trust’s House Museums. Task Forces were also established

to review all the Trusts Heritage and Governance policies. These task forces complement the work of

the Trust’s various Technical Committees.

As disclosed in note 24, in 2013, with the help of a volunteer, the Trust set up the Heritage Foundation

into which the majority of the proceeds from property sales will be placed. An Ancillary Trust was also

set up to receive major donations and bequests where the donor requests that the capital be

preserved. For legal reasons, two funds were necessary, but the intent of them is the same, namely to

create capital funds to provide future investment income streams to support the work of the Trust.

During the 2013 financial year and subsequent to year end, the Trust continued to make changes to its

business model and this has resulted in the Trust now having sufficient ‘untied’ cash reserves to

continue as a going concern. These changes have significantly reduced the Trust’s cost base and are

projected to produce increased income in future years.

The major changes have been as follows:

• Reduced full time equivalent staff from 62 at 30 June 2011 to 37 at 30 June 2012 and to 31 at 30

June 2013;

• Reduced staff at Observatory Hill by 5 since 30 June 2012;

• Grants obtained from the NSW Government of $351,000 for 2013 and $600,000 for 2014 to

assist in the maintenance and upgrade of properties;

• Sold a 99 year lease on Juniper Hall for $4,551,000, of which $3 million has been placed into the

Heritage Foundation to ensure that the capital will be preserved;

• Continued to examine properties with a view to selling leases to provide funds for the Heritage

Foundation and the operations of the Trust;

• Entered into commercial leases for unused space in a number of properties. This process

continues;

• With the assistance of volunteers, donations, Government and other Grants were used to

upgrade properties such as Suamarez, Experiment Farm Cottage and Dundullimal which should

result in higher visitations and a better chance of becoming self sufficient. This process will

continue for these and other properties;

• Held forums for all properties and committees where ideas, strategies and processes for

improving the operational performance and appeal of the properties have been discussed;

• Implemented a magazine specifically for NSW Trust Members;

• Implemented regular eNews, Heritage Alerts and Newsletters;

• Listed 30 heritage items on the Trust register;

• Produced position papers on 11 matters of Heritage importance;

• Become the lead Trust for online retailing for all National Trusts in Australia; and

• Set a demanding but achievable budget for 2014, which if achieved, will see the Trust break

even for the first time in 7 years. The budget has been met for the first two months of the 2014

financial year.

The business model going forward, in addition to improved performance from existing operations, will

involve the derivation of investment income from Capital Funds established from the proceeds of

asset sales and from donations and bequests and will be based on a much smaller number of paid

staff, supplemented by volunteers.



Page 25

The consolidated financial statements at 30 June 2013 show net assets of $59.3 million (2012: $57.7

million) and Cash and Other Financial Assets of $8.9 million (2012: $5.4 million). The cash balance

includes $3.0m relating to the Heritage Foundation.

Consequently, the Trust’s accounts have been prepared on the basis that the organisation will

continue as a going concern.



(continued)

Note 2013 2012

$ $

NOTE 3:

4,054 -

- 9,000

4,054 9,000

NSW Heritage Branch - Department of Planning 278,440 201,825

94,000 -

5,632 1,059

378,072 202,884

Other Grants 95,437 106,460

Total Grant Income 477,563 318,344

NOTE 4:

24 3,000,029 -

3,000,029 -

NOTE 5:

Current:

Trade Debtors 335,999 303,676

Other Debtors - Investment Income 40,842 42,619

Other Debtors - Insurance Claims 13,142 47,713

Other Debtors - GST Recoverable 28,043 37,754

Other Debtors - Accrued Income 87,805 54,094

Other Debtors 7,608 57,758

513,439 543,614

GRANT INCOME

Federal Government Grants:

State Government Grants:

RECEIVABLES

Dept. of Families, Housing, Community Services and

Indigenous Affairs

National Library of Australia

NSW Office of Communities - Community Building

Partnership

Museums and Galleries NSW

CASH - HERITAGE FOUNDATION

Refer to pages 48 to 49 for an unaudited detailed list

of 2013 grant income.

$3,000,000 of the proceeds from the sale of Juniper

Hall were placed in the National Trust Heritage of

Australia (NSW) Foundation. The use of these funds is

restricted as set out in Note 24.

Page 26



(continued)

Note 2013 2012

$ $

NOTE 6:

Inventories ! at cost 205,217 232,963

205,217 232,963

NOTE 7:

Funds under Management 3,977,678 5,118,207

3,977,678 5,118,207

Movements:

Opening Balance 5,118,207 6,928,821

Withdrawals from Investments (1,690,000) (2,200,000)

Cash Deposit transferred to investments ! 300,000

Interest and income reinvested 156,463 268,871

Revaluation of market investments to market value 393,008 (179,485)

Closing Balance 3,977,678 5,118,207

Fair Value of Financial Instruments

Level 1 Level 2 Total

Valued at

Quoted

Market

Price

Valuation

Technique,

Market

Observable

$ $ $

Listed on ASX

Australian Shares 1,027,906 ! 1,027,906

Australian Fixed Interest Securities 746,908 ! 746,908

Australian Listed Property Trusts 399,925 ! 399,925

Unlisted

International Funds ! 223,086 223,086

Australian Fixed Interest Securities Funds ! 1,016,051 1,016,051

Total Financial Instruments 2,174,739 1,239,137 3,413,876

Cash 563,802

Total Other Financial Assets 3,977,678

Other Financial Assets designated as at Fair Value

through Profit or Loss

INVENTORIES

OTHER FINANCIAL ASSETS

The following table shows financial instruments recorded at fair value, showing those whose

value is based on quoted prices in active markets (Level 1), and those involving inputs other than

quoted prices included within Level 1 that are observable in active markets (Level 2).

Page 27



(continued)

NOTE 7: OTHER FINANCIAL ASSETS (continued)

Statement of Changes in Other Financial Assets

$ Golden Vale S H Ervin Fund

Wirrimbirra

(Dew Sisters)

Hazel Porter's

House

Butler Estate

House Museum

Fund

Butler Estate

Motor Vehicle

Fund

Total Restricted

Other Financial

Assets

Unrestricted

Other Financial

Assets

Total Other

Financial Assets

Balance at 30 June 2011 815,899 568,241 249,111 117,735 124,387 860,862 2,736,235 4,192,586 6,928,821

Income received 40,072 25,948 12,642 5,850 588 46,716 131,816 137,055 268,871

Revaluation ( 30,668) ( 19,859) ( 9,675) ( 4,477) ( 450) ( 9,867) ( 74,996) ( 104,489) ( 179,485)

Expenses Deducted ( 51,714) ( 31,722) - ( 15,920) ( 124,525) - ( 223,881) 223,881 -

Withdrawals - - - - - - - ( 1,900,000) ( 1,900,000)

Balance at 30 June 2012 773,589 542,608 252,078 103,188 - 897,711 2,569,176 2,549,032 5,118,207

Income received 28,865 20,246 9,406 3,850 - 37,036 99,403 95,113 194,516

Revaluation 60,624 42,522 19,754 8,086 - 62,268 193,254 199,755 393,009

Expenses Deducted ( 35,046) ( 94,486) - - - - ( 129,532) 91,478 ( 38,054)

Withdrawals - - - - - ( 90,000) ( 90,000) ( 1,600,000) ( 1,690,000)

Balance at 30 June 2013 828,032 510,890 281,238 115,124 - 907,015 2,642,299 1,335,379 3,977,678 , , , , , , , , , , , ,

Golden Vale #REF! #REF! 281,238 115,124 #REF! 987,711 3,081,365 #REF! 7,433,786

S H Ervin Fund

Wirrimbirra (Dew Sisters)

Hazel Porter's House

Butler Estate House Museum Fund

Butler Estate Motor Vehicle Fund

Pa

ge

28

The Butler Estate Motor Vehicle fund was established in May 2009 on receipt of a bequest from Paul William Butler. These funds were to be used to make grants for the purpose of either public

exhibition of vintage and veteran cars or the preservation and restoration of vintage and veteran cars for the purpose of public exhibition, or education or research into vintage and veteran cars.

Grants for both purposes are to be used within New South Wales.

Unrestricted Other Financial Assets

This amount represents the funds of the Consolidated Entity that are not designated for particular purposes.

The Golden Vale fund was established in November 2007 after the subdivision and sale of a parcel of land adjacent to the residence at Golden Vale, which was permitted under a Deed of Gift from The

Honourable William Geoffrey Keighley and Karin Margot Spiegel-Keighley. The proceeds of the sale were to be invested for the purpose of funding the maintenance of the residue of Golden Vale.

The S H Ervin fund was established in July 1973 on receipt of a bequest from Samuel Henry Ervin. The funds were to be used to renovate, restore and maintain a Museum and Art Gallery for the

preservation and display of works of art.

The Wirrimbirra (Dew Sisters) fund was established in June 2007 on receipt of a bequest from Alice Dew. These funds were to be spent on an accommodation building for students at Wirrimbirra

named as a memorial to Barbara Dew.

The Hazel Porter's House fund was established in February 1998 on receipt of a bequest from Hazel Mildred Porter. The Will directed that the property at 434 Kings Street Newcastle be preserved for

the benefit of the public.

The Butler Estate House Museum fund was established in November 2009 on receipt of a bequest from Paul William Butler. The funds were to be used to acquire, restore, maintain and preserve house

museums of historical value or for the purchase of items of heritage value to be displayed in such house museums.



(continued)

Note 2013 2012

$ $

NOTE 8:

Property:

Freehold Land and Buildings ! at cost 25,436,236 27,418,859

Held as Custodian 3,127,143 3,127,143

28,563,379 30,546,002

Collections:

At fair value 22,464,176 22,464,176

Equipment & Furniture:

Equipment and Furniture at cost 1,387,498 1,372,420

Less: Accumulated depreciation (1,087,564) (963,206)

299,934 409,214

51,327,489 53,419,392

Reconciliations

Property:

FREEHOLD LAND AND BUILDINGS

Carrying amount at the beginning of the year 27,418,859 27,366,885

Additions 17,377 51,974

Disposals (2,000,000) !

Carrying amount at the end of the year 25,436,236 27,418,859

HELD AS CUSTODIAN



Collections:


Additions ! 21,349

Disposals ! (9,091)


PROPERTY, COLLECTIONS AND EQUIPMENT

Total property, collections and equipment at net book value

Refer to page 47 for unaudited details of properties and

collections.

Page 29



(continued)

Note 2013 2012

$ $

NOTE 8: PROPERTY, COLLECTIONS AND EQUIPMENT (continued)

Equipment & Furniture:

Carrying amount at the beginning of the year 409,214 500,705

Additions 17,104 42,238

Disposals ! (1,701)

Depreciation ! charge for year (126,384) (132,028)

Carrying amount at the end of the year 299,934 409,214

NOTE 9:

Current:

Membership 184,614 170,806

Other 137,636 208,034

Unexpended Grants 17, 21 346,576 299,894

668,826 678,734

Non!current:

Membership 91,735 91,784

91,735 91,784

NOTE 10:

Current:

Long Service Leave 154,470 161,648

Annual Leave 278,803 305,998

Other Employee Benefits 17,106 11,645

450,379 479,291

Non!current:

Long Service Leave 72,172 91,640

72,172 91,640

DEFERRED INCOME AND UNEXPENDED GRANTS

EMPLOYEE ENTITLEMENTS

Page 30



(continued)

NOTE 11: RELATED PARTIES

(a) Directors

Non!Executive Directors

Ian Carroll OAM, President Ann Hardy

Meredith Hutton

Janine Kitson (until 24 November 2012)

Neil Wykes OAM, Treasurer Peter Lowry OAM (until 24 November 2012)

Ron Bottrill (appointed 24 November 2012) Keith Parsons

Robyn Christie John Richardson

Ian Stephenson

No compensation was received by any non!executive Director.

Executive Directors

(b) Key management personnel compensation

Year

Short!term

employee

benefits

Post !

employment

benefits

Total

$ $ $

2013 486,320 92,408 578,728

2012 780,251 116,157 896,408

Brian Scarsbrick AM

All Directors were in office the whole of the year, unless otherwise stated.

Transactions between related parties are on normal commercial terms and conditions unless

otherwise stated.

The names of those who served as Directors on the Board of the Consolidated Entity during the

2013 financial year were as follows:

Professor Ross Griffith, Deputy President

(appointed 5 December 2012)

Donald Godden (former Deputy President

until 5 December 2012)

Other relevant information regarding attendance at meetings, resignations and retirements of

Directors is contained in the Directors' Report.

The key management personnel (KMP) are the Executive Director and Senior Managers of the

Consolidated Entity who are responsible for the management of the Consolidated Entity. The

remuneration for the Executive Director and other key management personnel is set out below.

No. of KMP who

served during

the year

4

6

Page 31



(continued)

NOTE 11: RELATED PARTIES (continued)

(b) Key management personnel compensation (continued)

Details of the key management personnel who served during the year are provided below:

Name Position Years

Brian Scarsbrick AM Executive Director 1.6 *

Scott Woodcock Director, Public Relations 3.7

Gerry Hayes Director, Trust Properties 3.7

Michael Curran Director, Finance 2.4

* Brian Scarsbrick AM previously served as a Director of the Consolidated Entity for 1.4 years.

Scott Woodcock ceased to be a KMP of the Consolidated Entity on 3 April 2013.

Michael Curran ceased to be a KMP of the Consolidated Entity on 25 January 2013.

(c) Other Transactions

(i) Donations

(ii) Directors' Membership

Certain Directors made donations to the Consolidated Entity during the year.

All Directors are financial members of the Consolidated Entity and have been so during the entire

year covered by these financial statements.

Page 32



(continued)

Note 2013 2012

$ $

NOTE 12: Notes to Statement of Cash Flows

(i) Reconciliation of Cash

Cash & Cash Equivalents 1,933,131 247,376

(ii) Reconciliation of Surplus/(Deficit) for the year to net cash

provided by/(used in) operating activities

Surplus/(Deficit) for the year: 1,585,968 (1,757,673)

Depreciation and amortisation 126,384 132,028

(Gain)/loss on sale of property, collections and equipment (2,422,393) 1,702

(Gain)/loss on investments (393,008) 179,485

(Increase)/decrease in receivables 30,175 (75,676)

(Increase)/decrease in inventories 27,746 (10,943)

(Increase)/decrease in prepayments (4,545) (7)

(Increase)/decrease in investments (156,463) (268,871)

(Decrease)/increase in payables (127,655) (518,546)

(Decrease)/increase in deferred income & unexpended

grants(9,957) 163,949

(Decrease)/increase in provisions (48,380) (108,439)

Net cash provided by/(used in) operating activities (1,392,128) (2,262,991)

NOTE 13: RESTORATION APPEALS

2,906,473 2,706,216

The Consolidated Entity conducts appeals in support of local

organisations for the conservation of places and items classified

by the Consolidated Entity to enable the achievement of the

objectives of the Consolidated Entity. Though conducted by and

through the Consolidated Entity these appeals are in support of

heritage places and items owned by other parties. For this reason

these monies are held separately by the Consolidated Entity.

Page 33



(continued)

NOTE 13 RESTORATION APPEALS (countinued)

RESTORATION APPEALS - DETAIL

2013 2012

RESTORATION APPEAL ACCOUNTS $ $

All Saints Parish - Hunters Hill 10,241 19,053

All Saints Church - Woollahra 7,619 33,964

The Barn (Scout Hall) Mosman Conservation Appeal 4,279 4,528

Camperdown Cemetery Trust 1,429 10,964

Christ Church Hall - Restoration Appeal 2 2

The Riverine Club - Wagga Wagga 37,111 34,156

Bridge View Inn Rylstone Restoration Appeal 41 2,705

Christ Church Cathedral - Newcastle 66,686 48,132

Dalwood Restoration Appeal 101,331 26,901

Gundagai Historic Bridge Account (IBD) 80,000 80,000

Ramsay Graveyard Restoration Appeal 7,467 6,908

Rose Cottage - Wilberforce 11,255 11,311

St Canice's Church - Double Bay 1,523 1,498

St John's Anglican Church Group - Stroud 2,182 3,028

St John's Church - Newcastle 2,995 21,761

St Jude's Anglican Church - Randwick 426,858 202,509

St Luke's Anglican Church - Gulgong 701 689

St Marks Anglican Church - Darling Point (account 1) 142,000 141,810

St Marks Anglican Church - Darling Point (account 2) 20,292 25,179

St Marys - Newcastle Conservation Appeal 7,611 7,580

St Matthew's Church - Albury 6,531 33,223

St Michael's Anglican Church - Wollongong 27,929 22,275

The Great Synagogue of Sydney Conservation Appeal 3 4,283

St Paul's Church - Camden Conservation Appeal 46,517 43,781

St Peter's Anglican Church - Campbelltown 2,556 3,540

St Peter's - North Sydney Appeal Account 12 1,315

North Parramatta Restoration Appeal - 3,406

Kiama Restoration Appeal 23,019 15,629

St Thomas' Anglican Church - North Sydney 54,271 653,161

Annandale Uniting Church 224 223

Holy Trinity Church Conservation Appeal - Appeal Account 140,197 99,870

Holy Trinity Church Conservation Appeal - Business Reserve Account 85,249 135,865

Ventnor House Appeal - Randwick 382 492

St Michaels Anglican Church - Vaucluse Conservation Appeal 65,658 52,612

St Thomas' Anglican Church - Port Macquarie 734 744

Rookwood Jewish Cemetery Appeal Rookwood 30,093 28,888

St Marys Cathedral - Sydney - CBA Acct 187,509 189,989

Monies are held separately by the Trust for specific restoration appeals.

These amounts are set out below and are included in the Consolidated Statement of Financial

Position. Administration fees are earned by the Trust from these appeals and any amount unspent in

the appeal is retained by the Trust. The consolidated statement of financial position includes a liability

to pay these amounts to third parties.

Page 34



(continued)


RESTORATION APPEALS - DETAIL

2013 2012

$ $


Ebenezer Church Appeal Committee-TERM DEP 102,186 129,272

St Johns Anglican Church - Moruya Westpac ACT 31,858 50,000

St Peter & Paul's Old Cathedral Restoration Appeal 23,287 91,371

Adelong Falls Conservation Appeal 4,431 4,316

Hunter Baillie Memorial Presbyterian Church 38,365 128,426

St John Church - Wagga Appeal 3,247 31,782

St Johns Church of England - Darlinghurst Restoration Appeal 35,538 17,633

St Andrews Anglican Church - Summer Hill 4,251 10,693

St James Church - King St. Conservation Appeal 35,413 20,331

St Andrews Church - Newcastle Restoration Appeal 57,766 65,580

Cathedral Restoration Fund St Saviours Goulburn 19,423 22,032

St Stephens Uniting Church - Macquarie St 109,059 12,773

Gresford & Paterson Anglican Churches - Paterson 2,035 54

Friends of Athenium Theatre and Cultural Centre Inc 2,509 2,500

Roman Catholic Cathedral Bathurst Restoration 52,209 13,857

St Annes Anglican Church - Strathfield 28,567 27,903

All Saints Church - Woollahra Tearm Deposit 79,172 104,211

St Thomas Anglican Church Enfield 138 1,510

Hunter Baillie Presbyterian Ch Annandale TERM DEP 50,000 -



Ebenezer ChurchTERM DEP 27,415 -

North Parramatta Restoration Appeal 4,188 -

Sacred Heart Church Moruya Restoration Appeals 19,771 -

St Marys Roman Catholic Church Restoration Appeals 492,942 -

St Johns Anglican Church Restoration Appeals 196 -

Total of Restoration Appeal Accounts - 30 June 2,906,473 2,706,216

Page 35



(continued)

NOTE 14: SUPERANNUATION

NOTE 15: CAPITAL MANAGEMENT

NOTE 16: RISK MANAGEMENT AND ADDITIONAL FINANCIAL INSTRUMENTS DISCLOSURE

(a) Interest rate risk

(b) Credit risk

The consolidated entity is not materially exposed to any individual debtor as at 30 June 2013.

The consolidated entity has regular monthly procedures for the collection of debts.

(c) Liquidity risk

(d) Other market risk

These market risks are minimised through the selection of a high quality fund manager and

with investment in a moderate risk profile and a diversified asset allocation.

Interest rate on cash & cash equivalents at 30 June 2013 was 0.00% (2012: 0.00%).

The Consolidated Entity contributes to employee superannuation funds as required under the

Commonwealth Government's Superannuation Guarantee Legislation.

Capital available to the Consolidated Entity at the end of the financial year is represented by its

Total Accumulated Funds, being Retained Surplus and Reserves. The Board manages these Funds

through the use of budgets and regular forecasts and with the assistance of the Finance, Audit

and Risk Management Committee with the objective of ensuring that there are always sufficient

reserves to pay debts and to continue the growth of the Consolidated Entity.

The consolidated entity is exposed to interest rate risk in relation to its cash & cash

equivalents, and also in relation to other Financial Assets.

This is the risk that the consolidated entity will not be able to convert its financial

instruments (Other Financial Assets) to cash in sufficient time to pay its debts as they fall due.

The consolidated entity manages liquidity risk by monitoring forecast cash flows and ensuring

that adequate liquid funds or an unused overdraft facility are available to meet operating

expenses when they fall due. When necessary, cash is sourced from the liquidation of

financial assets.

In addition to the effects of movements in interest rates, investments in managed funds are

exposed to market risks, influencing investment earnings.

The credit risk on financial assets is the carrying amount net of any provision for doubtful

debts.

Page 36



(continued)

Note 2013 2012

$ $

NOTE 17: COMMITMENTS

(a) Operating Leases Commitments

Within one year 32,064 8,018

Later than one year but no later than five years 108,038 !

140,102 8,018

(b) Capital Commitments

Unexpended Grants 9, 21 346,576 299,894

346,576 299,894

NOTE 18:

Audit Services

Audit of the Consolidated Entity 64,673 60,496

Grant Acquittals 3,727 21,407

68,400 81,903

AUDITOR'S REMUNERATION

Commitments for minimum lease payments on office

equipment are payable as follows:

Page 37



(continued)

NOTE 19: CHARITABLE FUNDRAISING ACT

The Consolidated Entity had various fundraising avenues during the year:

Income Cost Net Surplus Cost to

Income

Net

Surplus to

Income

$ $ $ % %

Membership/Benefactor donations 77,085 ! 77,085 0% 100%

Museums, Galleries & Committees 227,451 ! 227,451 0% 100%

Regular Giving 71,327 (14,520) 56,807 20% 80%

Summer 2012 2,115 ! 2,115 0% 100%

Spring 2012 27,853 (4,768) 23,085 17% 83%

General 2013 68,717 (11,991) 56,726 17% 83%

Others 5,335 ! 5,335 0% 100%

479,883 (31,278) 448,604 7% 93%

Application of Funds:

Membership/Benefactor donations

Museums, Galleries & Committees

Regular Giving

Summer 20121,645

470

Spring 2012 8,670

14,415

56,726

2013 2012$ $

Total funds held for future application 282,189 270,650

Refer to page 51 for unaudited list of funds held for future application.

Memberships/donations and museums, galleries & committees give Members and the public an

opportunity to make unsolicited donations towards the Consolidated Entity's activities.

Funds from fundraising activities are used by the

consolidated entity to fund its operating

activities. The difference between the total

amount raised by each appeal and the amounts

shown below against each appeal is the amount

donated to the Trust "where the Trust needs it

most".

Funds raised have been applied to the Painting

Studio at Norman Lindsay Gallery.

Funds raised have been applied to the Trust to

be used "where the Trust needs its most".





General 2013

Funds have not been applied and are retained to

be applied for the purpose stated at the time of

the appeal.

Page 38



(continued)

NOTE 20: OTHER INFORMATION

Registration

Additional Information to Members

NOTE 21: UNEXPENDED GRANTS

Balance at Receipts Expenditure Balance at

Grant Details 1-Jul-12 30-Jun-13

$ $ $ $

10,000 - (10,000) -

101,908 - - 101,908

7,306 - - 7,306

38,797 - - 38,797

24,543 - (2,465) 22,078

2,485 - - 2,485

- - -

19,500 - - 19,500

16,000 - (16,000) -

12,000 - (12,000) -

17,000 - (17,000) -

17,000 - (17,000) -

20,000 - (20,000) -

12,000 - (12,000) -

1,355 - (1,355)

-

- 25,000 - 25,000

- 30,000 (94) 29,906

- 5,987 - 5,987

- 16,000 - 16,000

- 10,000 - 10,000

- 30,000 - 30,000

- 35,000 - 35,000

- 2,609 - 2,609

299,894 154,596 (107,914) 346,576

American Express Partners in Preservation

The Trust is exempt from the need to obtain an authority to fundraise under section 9(3)(b) of the

Charitable Fundraising Act.

Supplemental schedules in respect of these financial statements have been made available to

help members better understand the financial position of the Consolidated Entity.

The supplemental schedules on pages 42 to 51 do not form part of the audited financial

statements.

Governor Macquarie's Tomb: conservation,

interpretation & access

Riversdale - external painting

Montague Island Lighthouse Museum Interpretation

Woodford Academy Water Grant

Macquarie's Mausoleum Isle of Mull

Conservation Donation Account

Everglades - Event

Harper's Mansion -"A Light in the Window"

Norman Lindsay Gallery - Painting Studio

Miss Trail's House - Guttering and Timberwork

Grossmann House - external painting and repairs

Brought House - external painting and repairs

Dundullimal - church project

Marathon Pty Ltd - Lindesay Maintenance

NSW Office of Communities -Veterans Affair -

Creation of Centre for School Field Studies

Australian Council for the Arts - William Dobell

Exhibition

Miss Porter's House - conservation paper and textile

collection items

The Copland Foundation - Painting Saumarez

Homestead

Arts NSW - Peter Rushforth Exhibition

NSW Office of Communities - Community Building

Partnership - MTH

NSW Office of Communities - Communities

Partnership Building program - Woodford Academy

NSW Office of Communities - Communities

Partnership Building program - Riversdale

Page 39



(continued)

Note 2013 2012

$ $

NOTE 22: SEVERANCE PAYMENTS

215,229 233,025

215,229 233,025

NOTE 23: PARENT ENTITY FINANCIAL INFORMATION

Summary of financial information

2013 2012

$ $

Financial position of the parent entity at year end:

Current assets 5,584,353 3,751,717

Total assets 60,889,520 62,289,316

Current liabilities 4,434,798 4,401,016

Total liabilities 4,598,705 4,584,440

Total equity of the parent entity comprises:

Reserves 36,297,336 36,297,336

Retained surplus 19,993,479 21,407,540

Total equity 56,290,815 57,704,876

Results of the parent entity

Profit or loss for the year before payment to Foundation 1,585,939 (1,757,673)

Payment to Foundation (3,000,000) -

Profit or loss for the year after payment to Foundation (1,414,061) -

Other comprehensive income - -

Total comprehensive loss for the year (1,414,061) (1,757,673)

During the year employee responsibilities were restructured,

which resulted in 13 staff leaving the Consolidated Entity and

the Consolidated Entity making severance payments.

In addition to these severence payments, accrued employee

entitlements were paid.

The parent entity of the group is The National Trust of Australia

(New South Wales). The individual financial statements for the

parent entity show the following aggregate amounts.

Page 40



(continued)

NOTE 24: CONTROLLED ENTITIES

• The National Trust of Australia (NSW) Heritage Foundation Ltd ('Trustee');

• National Trust of Australia (NSW) Heritage Foundation Trust ('Heritage Foundation'); and

• National Trust of Australia (NSW) Heritage Foundation Ancillary Trust ('Ancillary Trust').

(a) Solely to the Trust; or

The directors of the Trustee at the date of this report are:

Mr Robert Elliott - Independent Chair

Mr William d’Apice - Independent director

Mr Ian Carroll OAM - National Trust of Australia (New South Wales) director

Professor Ross Griffith - National Trust of Australia (New South Wales) director

Mr Neil Wykes OAM - National Trust of Australia (New South Wales) director.

As part of the long term funding strategy of the Trust to preserve capital contributions received

from third parties and to preserve part of the proceeds from the sale of Trust properties, a new

structure was set up consisting of a trustee company and two trusts.

The following entities became controlled entities of the Trust from 19 March 2013:

The amount of capital the trusts can distribute in any one year is 5% of the capital base. However,

approval of any distribution requires approval from at least 75% of Directors of the Trustee and

75% of the Directors of the Trust.

On 26 June 2013, the board of the Trust approved the transfer of $3,000,000 from the proceeds of

sale of Juniper Hall to the Heritage Foundation.

The objects of the two trusts are to pursue charitable purposes only and to apply the income and

property of the trusts however derived;

The amount of Income that can be distributed each year is as follows:

The Trustee is responsible for governing the day to day activities of the two Trusts, with a board of

up to 7 members, a majority of who must be directors of the Trust. The Chairman of the Trustee

is to be independent of the board of the Trust. The directors of the Trustee are appointed by the

Board of the Trust.

(b) Otherwise for the benefit or advancement of the objects of the Trust, if approved by special

resolution of the Trustee.

As a consequence these three entities are controlled entities of the Trust.

The trust deeds of the Heritage Foundation and Ancillary Trust set out the day to day activities,

including the investment activities of the trusts as well as the amount of income and capital the

trusts can distribute.

(ii) The trusts can distribute the remaining 20% only if the capital base has been augmented by

an amount equal to the 20%.

(i) The trusts can automatically distribute 80% of income to the Trust to be used in day to day

activities; and

Page 41


Supplemental Schedules (unaudited)

The following UNAUDITED information is provided for the benefit of members.

Contents Pages

1. Summary of Profit & Loss 43

2. Detailed Net Operating Profit & Loss by Cost Centre 44!46

3. Properties and Collections 47

4. Specific and General Purpose Grants 48!49

5. Visitor Attendances ! House Museums 50

6. Inter!Committee Donations 50

7. Total Funds Held For Future Application 51

Page 42



1. Summary of Profit & Loss

2013 2012

$ $

Operating Surplus/(Deficit) (1,556,005) (2,132,122)

Dividend and Interest Income 316,572 365,595

Operating Surplus/(Deficit) after Investment Income (1,239,433) (1,764,825)

Bequests 10,000 186,637

Gain on Disposal of Fixed Assets 2,422,393 1,702

Realised and Unrealised Gain/Loss of Investment 393,008 (179,485)

Net Surplus/(Deficit) for the year (per accounts) 1,585,968 (1,757,673)

Page 43



2. ADDITIONAL INFORMATION: DETAILED NET OPERATING PROFIT & LOSS BY COST CENTRE

2013 2012

Net operating

results before

allocations

Property

Insurance

Workers

Comp

Insurance Recovered

Net

operating

results

Net

operating

results

National Trust Centre $ $ $ $ $ $

4002 ! Advocacy (40,113) ! 3,453 ! (43,566)

9801 ! Archives (46,209) ! 918 ! (47,127)

6103 ! Bequests Butler Estate Motor

Vehicle Fund(81,818) ! ! ! (81,818)

1006 ! Collection Management (35,189) ! 239 ! (35,428)

9601 ! Communications (51,671) ! 893 ! (52,564)

1001 ! Community Engagement Admin 0 ! 0 ! 0

4901 ! Conservation (4,360) ! 683 ! (5,043)

9401 ! Corporate Partnerships 42,023 ! ! ! 42,023

7001 ! eCommerce (33,278) ! 930 ! (34,208)

4003 ! Education (59) ! ! ! (59)

6301 ! Events 74,170 ! 5 ! 74,166

9501 ! Executive Office Admin (249,693) ! 4,149 ! (253,842)

9101 ! Financial Management (483,315) ! 5,908 ! (489,222)

9405 ! Fundraising 74,959 ! 382 ! 74,577

9103 ! Governance & Risk (331,130) ! ! (269,983) (61,147)

9406 ! Grants Management 2,550 ! 373 ! 2,177

9301 ! Human Resources (107,473) ! 1,735 ! (109,208)

9201 ! Information Technology (120,835) ! 1,323 ! (122,158)

2301 ! Magazine (101,084) ! ! ! (101,084)

2101 ! Membership 599,242 ! 2,432 ! 596,811

9102 ! Procurement (119,933) ! ! ! (119,933)

5001 ! Properties Administration (287,308) ! 4,786 ! (292,094)

4001 P bli R l ti Ad i (147 384) 2 052 (149 436)

Page 44

4001 ! Public Relations Admin (147,384) ! 2,052 ! (149,436)

8010 ! Foundation (23,091) ! ! ! (23,091)

9104 ! Treasury (44,965) ! ! ! (44,965)

(1,515,964) ! 30,261 (269,983) (1,276,242) (1,805,829)

Regions and Branches

1403 ! Bathurst Branch (968) ! ! ! (968)

1407 ! Blue Mountains Branch 4,022 ! ! ! 4,022

1409 ! Broken Hill & District Branch 35 ! ! ! 35

1413 ! Gulgong Mudgee Rylstone 714 ! ! ! 714

1415 ! Hawkesbury Branch 839 ! ! ! 839

1417 ! Hunter Regional Committee (3,981) ! ! ! (3,981)

1419 ! Illawarra re Shoalhaven Branch (3,140) ! 197 ! (3,337)

1423 ! Lachlan Branch 1,983 ! ! ! 1,983

1425 ! Lithgow Branch 619 ! ! ! 619

1427 ! Macquarie Regional Committee 308 ! ! ! 308

1431 ! Orange & District Branch 213 ! ! ! 213

1433 ! Parramatta Regional Committee 2,439 ! ! ! 2,439

1405 ! Southern Highlands Branch 8,475 ! ! ! 8,475

1447 ! Far South Coast Branch 1,139 ! ! ! 1,139

12,696 ! 197 ! $12,499 $11,020

Page 44



2. ADDITIONAL INFORMATION: DETAILED NET OPERATING PROFIT & LOSS BY COST CENTRE (continued)

2013 2012

Net operating

results before

allocations

Property

Insurance

Workers

Comp

Insurance Recovered

Net

operating

results

Net

operating

results

House Museums/Galleries $ $ $ $ $ $

5317 ! Everglades ! Leura (21,415) 5,384 3,516 ! (30,316)

1303 ! Friends of Everglades ! Leura 6,875 ! ! ! 6,875

(14,541) 5,384 3,516 ! (23,441)

Parramatta (29,372) 3,595 707 ! (33,674)

Parramatta (20,725) 27,965 2,929 ! (51,618)

1309 ! Friends of OGH ! Parramatta 1,662 ! ! ! 1,662

(48,435) 31,560 3,636 ! (83,630)

5101 ! Norman Lindsay Gallery !

Faulconbridge(31,395) 8,685 2,467 ! (42,547)

1307 ! Friends of NLG ! Faulconbridge 8,858 ! ! ! 8,858

(22,537) 8,685 2,467 ! (33,689)

5103 ! S H Ervin Gallery! Sydney (118,565) 11,985 2,827 ! (133,377)

5209 ! Saumarez Advisory Committee (57,223) 12,159 1,503 ! (70,884)

Larger Museums/Galleries (261,301) 69,773 13,949 ! (345,022) (211,787)

5309 ! Cooma Cottage ! Yass (24,760) 5,211 364 (30,335)

1301 ! Friends of Cooma Cottage ! Yass 1,924 ! ! 1,924

(22,836) 5,211 364 ! (28,411)

5313 ! Dundullimal ! Macquarie Region (22,934) 5,211 1,531 ! (29,675)

5219 ! Grossmann & Brough ! Maitland 3,147 7,851 105 ! (4,809)

5207 ! Harpers Mansion ! Berrima 6,025 1,598 ! ! 4,427

5331 Mi P t H N tl 2 98 93

Page 45

5331 ! Miss Porters House ! Newcastle 2,545 1,598 17 ! 931

(11,216) 16,258 1,652 ! (29,126)

5211 ! Miss Traills House ! Bathurst 280 1,997 89 ! (1,806)

5335 ! Riversdale ! Goulburn (7,163) 5,211 146 ! (12,519)

1311 ! Friends of Riversdale ! Goulburn 8,220 ! ! ! 8,220

1,057 5,211 146 ! (4,299)

5245 ! Sir Henry Parkes SOA ! Tenterfield (2,174) 4,733 ! ! (6,907)

5343 ! Sir Henry Parkes SOA ! Tenterfield (469) ! ! ! (469)

(2,643) 4,733 ! ! (7,376)

1317 ! Tomago House ! Tomago 10,008 8,685 ! ! 1,323

5349 ! Vienna Cottage ! Hunters Hill 2,739 1,997 ! ! 741

5355 ! Woodford Academy ! Woodford (11,397) 6,253 17 ! (17,667)

1319 ! Friends of Woodford Academy ! ! ! !

1,349 16,935 17 ! (15,603)

Smaller Museums/Galleries (34,009) 50,345 2,268 ! (86,622) (138,945)

Total (295,310) 120,118 16,216 ! (431,643) (350,732)

Page 45



2. ADDITIONAL INFORMATION: DETAILED NET OPERATING PROFIT & LOSS BY COST CENTRE (continued)

2013 2012

Net operating

results before

allocations

Property

Insurance

Workers

Comp

Insurance Recovered

Net

operating

results

Net

operating

results

Fundraising $ $ $ $ $ $

1201 ! After Hours Committee 4,411 ! ! ! 4,411

1101 ! Central West Womens Committee (1,726) ! ! ! (1,726)

1460 ! Soft Furnishings Committee !

Contracts15,673 ! ! ! 15,673

1106 ! Special Events Committee (0) ! ! ! (0)

1205 ! Tours Committee 24,701 ! ! ! 24,701

1435 ! Riverina Committee 391 ! ! ! 391

1105 ! Womens Committee 132,485 ! 557 ! 131,928

175,933 ! 557 ! 175,376 212,153

Properties under Management

5303 ! Ahimsa ! Sentosa ! Cheltenham 6,363 2,605 ! ! 3,757

5307 ! Bligh Street ! Sydney ! 6,948 ! ! (6,948)

5358 ! Bullara St House ! Pambula 8,203 1,390 ! ! 6,813

5319 ! Golden Vale ! Sutton Forest (72,265) 10,422 739 ! (83,426)

5321 ! Juniper Hall ! Paddington 28,782 19,975 ! ! 8,807

5217 ! Lindesay ! Darling Point 23,389 11,985 371 ! 11,033

5351 ! Watch House ! Balmain ! 2,779 ! ! (2,779)

5357 ! Ludovic Blackwood Sanctuary (5,606) 347 ! ! (5,954)

Hill 19,128 2,397 ! ! 16,731

5333 ! NTC ! Observatory Hill (67,848) 19,975 ! ! (87,823)

5339 ! Stella James House ! Avalon 19,389 1,997 ! ! 17,391

5353 ! Wirrimbirra Sanctuary ! Bargo (16,772) 2,397 ! ! (19,169)

Page 46

(57,239) 83,216 1,110 ! (141,565) (194,726)

Bushland Management

4101 ! Bushland Management Services 123,878 ! 18,308 ! 105,570

123,878 ! 18,308 ! 105,570 1,658

Operating Net Profit & Loss ! 2013 (1,556,006) 203,334 66,649 (269,983) (1,556,006) (2,130,416)

Operating Net Profit & Loss ! 2012 (2,130,416) 197,349 113,067 (310,416) (2,130,416)

Page 46



3. ADDITIONAL INFORMATION: PROPERTIES AND COLLECTIONS

Location Name of Property

Nature of

Acquisition

Year of

Acquisition Land/Buildings Collections** Remarks

PROPERTIES HELD AS CUSTODIAN

Balmain Balmain Watchhouse* Trusteeship 1966 1 - Reserve Trust for preservation of historic buildings and sites; leased to Balmain Assoc.

Maitland Brough House* Trusteeship 1974 741,376 - Reserve Trust for preservation of historic buildings and sites; leased to Maitland City Council

Maitland Grossmann House* Trusteeship 1968 1 309,535 Reserve Trust for preservation of historic buildings and sites

Observatory Hill Messenger's Cottage Leasehold 1975 1 - Leased from Public Works Department and sublet to tenants

Observatory Hill National Trust Centre* Leasehold 1975 76,884 656,421 Leased from Public Works Department (main administration building)

Observatory Hill S.H. Ervin Gallery* Leasehold 1975 3,174 2,855,800 Leased from Public Works Department

Parramatta Old Government House* Trusteeship 1967 2,305,703 3,510,558 Vested in Trust by Act of Parliament

Scotland Macquarie Mausoleum* Trusteeship 1969 1 - Title remains with Union Fidelity Trustee Co. of Australia

Sydney 31 Bligh Street Leasehold 1973 1 - Trust holds head lease to protect heritage value (former NSW Club)

Tathra Tathra Wharf* Trusteeship 1978 - 6,000 Collection only owned by the Trust

TenterfieldSir Henry Parkes Mem. School of

Arts*

Trusteeship/

Freehold1957 1 72,200 Transferred to Trust by Act of Parliament, leased to Tenterfield Council

3,127,143 7,410,514

FREEHOLD PROPERTIES

Armidale Saumarez Homestead* Freehold 1986 1,196,855 365,010 Donated by the White Family

Avalon Stella James House Freehold 1964 609,019 - Gift from Estelle James with assistance from donors and leased

Bargo Wirrimbirra Sanctuary* Freehold/Crown 1965 331,339 50,000 Gift from the David G. Stead Memorial Wildlife Research Foundation of Australia

Bathurst Miss Traill's House* Freehold 1978 498,532 748,606 Bequeathed by Miss Ida Traill

Berrima Harper's Mansion* Freehold 1978 228,645 32,972 Purchased by the Trust

Braidwood Bedervale Collection 1986 - 580,900 Contents only owned by the Trust

Branxton Dalwood House Freehold 1988 281,906 - Gift from the Wyndham Estate

Cheltenham Ahimsa Freehold 1972 700,000 - Purchased by the Trust with assistance from donors and leased

Darling Point Lindesay* Freehold 1963 6,415,496 743,502 Purchased by the Trust with donation from W. Pye

Dubbo Dundullimal* Freehold 1986 294,360 51,150 Gift from the Palmer Family and part-leased

Faulconbridge Norman Lindsay Gallery* Freehold 1969 2,212,290 11,112,146 Gallery purchased by the Trust; Artwork bequeathed by Norman Lindsay; Etching Studio was

purchased with assistance from the Centenary of Federation Fund. Total property value shown.

Goulburn Riversdale* Freehold 1967 526,300 393,600 Purchased by the Trust

Hunters Hill Vienna Cottage* Freehold 1985 505,935 2,000 Purchased by the Trust

Leura Everglades* Freehold 1962 1,671,900 21,350 Purchased by the Trust

Newcastle Hazel Porter's House* Freehold 1998 118,692 49,700 Bequest of the Late Hazel Mildred Porter

Paddington Juniper Hall Freehold 1984 - - Sold by the Trust in 2012 for 99 years lease

Pambula Woodlands Freehold 2011 475,000 - Bequest of the Late Joyce Aileen Hodge

Parramatta Experiment Farm Cottage* Freehold 1960 1,388,144 730,216 Purchased by the Trust with assistance from donors

Pennant Hills Ludovic Blackwood Mem. Sanctua Freehold 1961 296,250 - Purchased by the Trust with donations from G & G E Blackwood

Rockdale Lydham Hall Collection - 36,630 Furniture collection only

Sutton Forest Golden Vale Freehold 2005 5,292,600 - Donated by the Late Hon W M Keighly & Mrs K M Spiegel-Keighly

Tenterfield 201 Rouse Street* Freehold 1999 50,000 - Purchased by the Trust with assistance from the Centenary of Federation Fund

Tomago Tomago House* Freehold 1986 452,326 72,880 Donated to the Trust by Tomago Aluminium Company

Wentworth St Ignatius School Being Transferred 1988 40,000 1,000 Gift of Mrs M. White

Woodford Woodford Academy* Freehold 1979 1,466,175 5,000 Donated to the Trust by Miss G. McManamey

Yass Cooma Cottage* Freehold 1970 384,472 57,000 Purchased by the Trust with donation from Mrs Mary Griffiths

25,436,236 15,053,662 * Open to the Public

TOTAL MUSEUMS, PROPERTIES AND COLLECTIONS 28,563,379 22,464,176 **Collections are owned by the Trust

Pa

ge

47



4. SPECIFIC & GENERAL PURPOSE GRANTS

2013$

32,736

85,000

8,676

50,000

50,000

25,000

25,000

276,412

5,000

2,000

2,000

20,000

33,193

62,193

4,000

277

4,277

10,000

1 255

The following general and specific purpose grants have been received.

National Trust Heritage Festival 2011!14

Grossmann House External Painting & Repairs

Brough House External Painting & Repairs

2012!13 National Trust Partnership Program

National Trust of Aust (SA)

National Trust of Aust (VIC)

National Trust of Aust (WA)

Wingecarribee Shire Council

Community Asst Prog! Garden Shed at Harper's Mansion

NSW Office of Environment & Heritage ! Heritage Branch

National Trust Cemeteries Conservation Advisory Service 2011!13

EFC Conservation Building Project

National Trust Centre Conservation & Adaptive Re!use

National Trust Heritage Festival 2011!13

Repair & Restoration of Jack Haynes Cottage, Saumarez

The Copland Foundation


Light up Grant for travel cost for Volunteers

VIM Skills Initiative Grant Miss Porters House

National Trust of Aust (QLD)

National Trust of Aust (TAS)

1,255

1,455

2,709

1,000

1,028

1,453

3,000

1,100

5,553

2,000

955

2,850

1,204

4,054

370,180

Garden works at Riversdale

Buchtel Pty Ltd

Installation of concrete RAMP at Saumarez

Dept. of Families ,Housing, Community Services and Indigenous Affairs

Volunteer Grant 2012!Computer and PA system

Volunteer Grant 2012!Garding,Landcare, Equipment

Garden Australia

Total Grants ! 2013

Yass Valley Council

Cooma Cottage Festival (April 2011)

Carols at Cooma Cottage

Camberra Festival at Cooma Cottage

Maitland City Council

Equipment for Grossmann & Brough House

Community Asst Prog! Garden Shed at Harper s Mansion

Community Asst Prog! Garden Shed at Harper's Mansion

Bathurst Regional Council

Miss Traill's House Guttering

Page 48



4. SPECIFIC & GENERAL PURPOSE GRANTS

2013

$

370,180

16,000

12,000

17,000

17,000

20,000

12,000

94,000

1,355

10,000

2,028

Grossmann House External Painting & Repairs

Brough House External Painting & Repairs

Dundullimal Church Project

Riversdale External Painting Project

Grants recognised as Deferred Income in 2012

NSW Office of Communities ! Community Building Partnership

Norman Lindsay Gallery Painting Studio Restoration

Miss Traill's House Guttering Replacement & Timberwork

Norman Lindsay Gallery !Energy Saving Initiative


Miss Porter's House conservation of paper & textile collection items

Parramatta City Council

OGH Visitor Panel

NSW Department of Premier and Cabinet Office of Environment & Heritage

RECONCILIATION OF GRANTS RECEIVED TO PROFIT & LOSS

Total Grants ! 2013

107,383

477,563TOTAL SPECIFIC & GENERAL PURPOSE GRANTS

Total Deferred Income Grants

Page 49



5. VISITOR ATTENDANCES ! HOUSE MUSEUMS

2013 2013 2013 2012

Cooma Cottage 8,074 1,666 84 1,885

Dundullimal 18,388 5,902 29 5,468

Everglades Gardens 178,791 30,856 987 24,918

Experiment Farm Cottage 4,445 3,563 82 5,728

Grossmann House 4,411 3,616 129 3,642

Harpers Mansion 18,741 4,646 176 4,313

Lindesay House 2,054 4,878 674 4,593

Miss Porter's House 2,346 655 121 799

Miss Traill's House 5,161 1,551 58 1,933

Norman Lindsay Gallery 150,091 21,034 731 19,743

Old Government House 41,322 19,824 436 20,703

Riversdale 8,260 8,172 1,507 7,281

Saumarez Homestead 22,031 7,534 29 7,198

S.H. Ervin Gallery 98,421 19,199 2,178 23,688

Tomago House 1,080 1,334 45 1,904

Vienna Cottage 388 663 223 673

Woodford Academy 797 232 42 286

564,801 135,325 7,531 134,755

6. INTER!COMMITTEE DONATIONS

The following committees provided inter!committee donations during the year:

2013 2012

$ $

FROM TO

General Committees

Miss Traill's House 7,300 199

Women's Committee Harpers Mansion ! 8,000

Women's Committee Riversdale ! 196

Women's Committee Old Government House ! 156

Women's Committee 61,181 38,961

68,481 47,512

Friends, Regional and Branch Committees

Woodford Academy 400 !

Cooma Cottage ! 1,690

Everglades 3,000 10,995

Dundullimal Homestead ! !

Norman Lindsay Gallery 12,000 14,000

Experiment Farm Cottage 3,500 !

Old Government House 7,700 959

Riversdale 4,895 3,266

Harpers Mansion ! 6,000

31,495 36,910

Total Inter!Committee Donations 99,976 84,422

Entry Fees

$

Visitor

Numbers

Trust

Members

Visitor

Numbers

Southern Highland Branch

Visitation includes all property usage including no!charge entry however when Trust Members visit as part of

a group on the Group Entry Ticket their visit is not counted separately as a Trust Member visit.

Central West Women's Committee

Lindesay Management

Blue Mountains Branch

Friends of Cooma Cottage

Friends of Everglades

Macquarie Regional committee

Friends of Norman Lindsay

Friends of Old Government

House/Experiment Farm Cottage

Friends of Old Government

House/Experiment Farm Cottage

Friends of Riversdale

Page 50



7. TOTAL FUNDS HELD FOR FUTURE APPLICATION

$

Women's Committee Interest 2009/2010 22,019

Tomago House Maintenance Fund 2009/2010 16,851

EFC Maintenance Fund 2009/2010 31,600

S H Ervin Maintenance Fund 2009/2010 16,877

Wirrimbirra Maintenance Fund 2009/2010 3,227

Miss Porter's House Maintenance 2009/2010 3,321

Sustainability Fund 2009/2010 20,956

Sustainability Fund 2010/2011 500

Dundullimal Church 2011/2013 61,086

Riversdale Garden Autumn 2010 Appeal 2010/2011 595

Collections Conservation Summer appeal 09/10 2010/2011 1,110

Saumarez Homestead 2010/2011 750

Grossmann and Brough House Winter appeal 2010 2010/2011 15,878

Remnant Native Bushland linked to 6 properties Spring appeal 2010 2010/2011 24,170

Jessie Scarvel and John Glover Collection Conservation Summer appeal 2010/11 2010/2011 15,476

Everglades Classical Statuary Winter appeal 2011 2011/2012 12,768

Cooma Picket Fence Appeal 2011/2012 20,590

SH Ervin Gallery Collection Conservation 2012/2013 14,415

Total 282,189

Page 51

the national trust of australia (new south wales)€¦ · ian carroll oam, president 12 11 donald...

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