ANNUAL REPORT2008 - 2009

ISSN 1837-252X

Disclaimer

Matters relating to the electronic presentation of the audited Financial Report

The materials presented on this site are provided by the Queensland Government for information purposesonly. Users should note that the electronic versions of financial statements on this site are not recognised as theofficial or authorised version. The electronic versions are provided solely on the basis that users will takeresponsibility for verifying their accuracy, completeness and currency. Although considerable resources areused to prepare and maintain the electronic versions, the Queensland Government accepts no liability for anyloss of damage that may be incurred by any person acting in reliance on the electronic versions.

The audit report relates to the financial report of Ipswich Hospital Foundation for the financial year ended 30June 2009 included on Ipswich Hospital Foundation’s web site. The accountable officer / statutory body isresponsible for the integrity of the Ipswich Hospital Foundation’s website. The audit report refers only to thestatements named below. It does not provide an opinion on any other information which may have beenhyperlinked to/from these statements. If users of the financial report are concerned with the inherent risksarising from electronic data communications they are advised to refer to the hard copy of the audited financialreport, available from Ipswich Hospital Foundation, to confirm the information included in the audited financialreport presented on this website.

Becoming the Healthiest Community in Australia- is this animpossible dream or an achievable reality.

Perhaps this vision of the Ipswich Hospital Foundation is bothan impossible dream and an achievable reality. It is animpossible dream as even defining what constitutes thehealthiest community is evasive. It is an achievable reality asthe whole of Ipswich is a regional finalist in the State'sHealthy Queensland Awards community category (this is ajoint submission with the Ipswich City Council) and SNAP(Screening Nutrition Activity Program) representingparticipating businesses in the region is a regional finalist forthe same awards in the workplace category.

We can all continue to bring us closer to the reality ofBecoming the Healthiest Community in Australia bycontributing to improving our own individual health and withothers create an environment that places the community'shealth in the forefront.

This annual report highlights the activities the Ipswich HospitalFoundation, its numerous supporters and partners have donethis past year. It truly is amazing what we have accomplishedand on behalf of the Ipswich Hospital Foundation I wish toexpress thanks and true admiration for the time, the financialsupport, and the energy you have given.

In particular I would like to thank the Ipswich HospitalFoundation members who serve the community by their active,voluntary involvement commitment throughout the year CrCheryl Bromage, Associate Professor Mark Brown, Paul Casos,Anne-Maree Edwards, Neil Harding, Pam Lane , Dr BobMcGregor, and Jan Wilton. I also would like to welcomeCheryl Kermond who joined us this year.

Our strong team of employees and volunteers right across theboard, from Tom Yates, our Executive Officer, including all ouradministrative staff, program leaders and our car parkcustomer service team have played a tremendous part inreaching the position we are in today and we owe them all asincere thanks.

We will continue to strive to make this community thehealthiest community in Australia and I believe we can. Let'sGo 4 It.

Robert Walker

Chairperson

Chairperson’s ReportBy Mr. Robert Walker

Photo: Healthy Community Research Centre Opening

2008. Robert Walker and IHF Executive Officer Tom Yates

CO

NT

EN

TS

PO Box 878Ipswich QLD 4305

P: (07) 3817 2318 F: (07) 3812 7500E: info@ihfoundation.org.au

www.ihfoundation.org.au

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Chairperson’s Report

Becoming the HealthiestCommunity in Australia

Supporting the Community

What it takes to Become theHealthiest Community

Financial Report

Glossary

Individual ResponsibilityCommunity Development2010 Calendar

for the year ended30 June 2009

Members of the Ipswich Hospital Foundationfor the year 2008-2009

R.Walker 6 4

N. Harding 6 6

C.Kermond 1 1

R. McGregor 6 6

P. Lane 6 5

J. Wilton 6 5

M. Brown 6 5

P. Casos 6 4

AM. Edwards 6 4

C. Bromage 6 6

During the year six meetings of the IpswichHospital Foundation were held.

NameNumber Eligible

to Attend

NumberAttended

All terms expire 11 September 2010

© State of Queensland (Ipswich Hospital Foundation) 2009

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“

The Ipswich Hospital Foundation is focussed onBecoming the Healthiest Community in Australia.

To ensure the Ipswich Hospital Foundationreaches this goal, programs and events such asour daily fitness activities, the SNAP Program, theHealthy4Life Resource Centre, the IpswichHealthy4Life social website, annual healthyevents and health ambassadors have beendeveloped to keep in touch with the communityand their health.

Daily fitness activities, provided free of chargeto the community by the Foundation, have provento be popular with an average of over 200people attending per week. A variety ofactivities such as running, walking, yoga and crosstraining attracts community members and thefriendly nature of the fitness activities keeps themcoming back.

Another popular program provided free ofcharge is the SNAP Program (Screening,Nutrition, Activity Program). SNAP currently hasmore than 4000 participants from across 100businesses snapping their way to a healthierlifestyle. Individual and confidential SNAPscreenings are performed at a business duringbusiness hours by a registered nurse. At thesescreenings, participants have their bloodpressure, blood cholesterol, blood glucose,weight, waist, height and BMI measurementstaken and recorded to assist them to understandtheir personal health and work towards ways toimprove it. SNAP has been running for four yearsnow, and has recently been selected as aregional finalist, in the business category, for theHealthy Queensland Awards. This comes as muchdeserved recognition of the program as itcontinually expands to impact positively on morelives.

The Healthy4Life Resource Centre also impacts onthe community as it provides event equipment tolocal community groups and schools at no cost, inorder to increase the number of healthy eventsheld in our community. The Resource Centrecurrently holds items such as marquees, suntrailers, sun screen, director chairs, blankets, blowup archways and electrical equipment just toname a few. The Resource Centre will continuallyexpand to provide more event equipment to

more community groups and schools.Groups that borrow from the resource centre areasked to sign up for and post their event onIpswich Healthy4Life ( ).This is a new web initiative of the IpswichHospital Foundation in conjunction with WestMoreton Population Health and Ipswich CityCouncil, aimed at providing the Ipswichcommunity with the most up to date informationon events in and around the city. The site alsoboasts current health information, includingdietary and physical guidelines, first aid adviceand fitness activities as well as an interactiveplatform in which members to the site can discusshealth, fitness and well being topics. Anincreasing number of registered members to thesite is a positive sign of the impact this websitecan potentially have on the community.

Additional websites that the Foundation developsand maintains are those for annual events. This isdone through a New Zealand based company,Event Director, which also provides eventregistration and event timing. As the IpswichHospital Foundation is involved in more healthyevents than ever, this has proven to be aninvaluable resource. The success of each event isevident through increased website traffic as wellas higher participation rates. Healthy events thisyear included the Ipswich 100, Park2ParkChallenge, One Mile Gift and the Rail Trail FunRun. A strong following of health ambassadorsalso increase event participation as well asdonations to the Foundation.

With increasing participant numbers in our annualhealthy events and daily fitness activities, it isclear to see that we are having an impact on theIpswich community. The Ipswich HospitalFoundation wishes to continue to develop theseprograms to benefit the Ipswich Community andindividuals’ personal health.

In the past year, we haveimproved existing programs, expanded on ourresources and introduced new and excitingopportunities that promote Ipswich Becoming theHealthiest Community in Australia.

ipswichhealthy4life.com.au

Image on opposite page: Photo taken by Casey Mayne

2009 Park2Park Challenge 10KM Event Ryan Zielke & Julia Hatch pictured

Park2Park is such a greatfun and healthy event for avery good cause… I wishall the runs were as goodas the Park2Park! It is trulysomething Ipswich should

be proud of.

4

““We are very proud to be a part of

the Ipswich Hospital Foundation byoffering support of the largest and

most prestigious scholarshipawarded by IHF... the money

raised is going to such deservingcauses, particularly James Kesby’s

studies into the neurobiology ofschizophrenia.

Image on opposite page: 2009 ARAFMI Sunshine Coast

visit to Queensland Brain Institute, St Lucia

In order to achieve the goal of Becoming theHealthiest Community in Australia, the IpswichHospital Foundation needs to work to develop ahealth culture in the community that removesbarriers, increases access and provides qualityhealth access. This is currently being achievedthrough the partnership with the HealthyCommunities Research Centre, our ongoing grantsprogram, patient amenities, the Sunshine Circle,Healthy Partners and the Healthy4Life Website.

The Ipswich Hospital Foundation is a majorpartner of the Healthy Communities ResearchCentre, in the Faculty of Health Sciences at TheUniversity of Queensland. The Foundation hasprovided funds over a 5 year period and is akey supporter of the development of The IpswichStudy in the Ipswich region. The HealthyCommunities Research Centre works successfullywith a wide range of health relatedorganisations, as well as business and non-government organisations. They continue toestablish the practical links they need to runapplied research in the Ipswich and WestMoreton region. Our experience of working withthe Healthy Communities Research Centre hasbeen professionally rewarding, positive andencouraging.

Also encouraging is the growing popularity of theGrants Program. Health and MedicalProfessionals dedicate their lives to improving thehealth of the sick and ill in the community. TheIpswich Hospital Foundation runs a comprehensivecompetitive grant program, driven by theseprofessionals, which has returned over $3 milliondollars improving the health of the community inquite significant ways.

The Hospital Foundation also contributes tosupport the ARAFMI Scholarship, the mostprestigious scholarship available from theFoundation, and for the past four years has beenawarded to James Kesby to continue his researchinto the neurobiology of schizophrenia.

In addition to supporting medical professionals,the Foundation ensures that patient amenities arecurrent and up to date. This includes magazinesbeing distributed amongst waiting rooms as wellas improving the state of waiting rooms. One ofthe most beneficial amenities has been the WigLibrary. The Library allows cancer patients toborrow a wig for a period of time until they nolonger feel they require the wig. It is thenreturned to the Foundation. This has proven to bea life changing program for those who areinvolved.

The Hospital Foundation maintains healthypartnerships with ambassadors and partners suchas Ipswich City Council, the University ofQueensland - Ipswich, Ultimate Fitness, SomersetRegional Council, Hospital Auxiliaries, Gale ForceRunning Squad, Ipswich Athletics, just to name afew. These partnerships allow us to expand ourprograms and ideas. This is particularly the casewith the Ipswich Healthy4Life website. TheWebsite supports organisations, such as the oneslisted above, and provides them with a platformto reach out to the community in a health relatedformat.

Also reaching out to the community is the SunshineCircle. The Sunshine Circle aims to raise funds toimprove the quality of the Ipswich Hospital’sSunshine Ward, and ultimately to brighten thelives of the children that stay for periods of timein hospital. A number of regular fund raisers holdfunctions and raffles all year round to raise vitalfunds for medical equipment. In the past year, theSunshine Ward has purchased Paediatric Cots &Accessories as well as a Vital Signs Monitor. Amural at the Sunshine Ward was also paintedand laptop software upgraded. A children’s TVwas installed at the Ipswich Hospital EmergencyDepartment and outdoor chairs were purchasedfor supervising parents in the Sunshine Ward.

The Sunshine Circle Appeal is held in Novemberand December. A number of fundraising eventsoccur during these two months, including the CIBBusinessman’s function which last year raised$23,000 for the Sunshine Ward at the IpswichHospital.

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Individual Responsibility

Individuals assume responsibility for those aspects of their own health care that they control and direct.

What does it take to Become the Healthiest Community in Australia?

FIT 4 LIFE�

�

�

�

�

At least one session every day of the weekSix sessions are under the instruction of aqualified trainerOver 200 people attend the sessions perweekVarious sessions including walking, running,yoga, cross training and balancePhysical activity, better nutrition, positivemental health all addressed under Fit 4 Life

EVENTS� Annual events have increased in

participation rates for 2008 - 2009�

�

�

�

�

�

�

�

Park2Park - 1305 participants

Ipswich 100 - 961 participants

One Mile Gift - largest prize pool for a giftin Queensland as well as the only gift inQueensland where betting is allowed

Brisbane 2 Ipswich Bike RideTuffkidz - mini triathlon for childrenHealthy4Life Golf - over 100 participantsFit Flicks - over 4000 people attended overthe seasonIpswich - Marburg Walkathon - 30KM - 50participants

www.park2park.com.au

www.ipswich100.com.au

www.ipswichonemilegift.com.au

HEALTHY4LIFE�

�

�

�

�

�

Ipswich Healthy4Life is an interactive socialnetworking website that promotes healthand well beingBoasts current health informationEvents CalendarMembership to the site is freeOver 100 people registered as a memberon the siteIpswich Healthy4Life has had close to 1000hits, with 65% of them being direct traffic

SNAP�

�

�

�

Currently over 4000 participantsOver 100 businesses involvedThe SNAP Program is a regional finalist inthe business category of the HealthyQueensland AwardsHealthy Communities Research Centre iscurrently producing report cards for largerbusinessesRESOURCES

�

�

�

�

The Healthy4Life Resource Centre providesevent equipment which reduces costs forcommunity groups to hold healthy eventsItems available include sun shade marquees,sun trailers, director chairs, blankets, blowup archway, course marking cones andtables just to name a fewResources are lent out to the community freeof chargeThe Foundation hopes to expand theResource Centre to cater for all healthyevent needs

AMBASSADORS�

�

�

Ambassadors for the Foundation are fundraisers, volunteers and partners. All theirtime and effort goes in to improving theservices of the Foundation through donationsand assisting whenever possibleIndividuals and groups hold regular fundraising events for the Sunshine Circle such asrafflesAn annual Happy Wanderers bus trip helpsraise funds for the Sunshine Circle. Last year$8000 was raised.

8

Community Development

The community develops a capacity for health culture that removes barriers, is sustainable, increases access andprovides quality service.

What does it take to Become the Healthiest Community in Australia?What does it take to Become the Healthiest Community in Australia?

GRANTS�

�

�

$606, 000 awarded in grants and healthinitiativesThe Foundation assists with conferencehosting such as Mental Health Team LeadersForum, Social Work Day and Working withMen$54, 720 awarded in scholarships includingthe ARAFMI Sunshine Coast PhD MentalHealth Scholarship

SUNSHINE CIRCLE�

�

�

�

�

Sunshine Children’s WardA cuddle cushion group makes cushions allyear round to give to sick children inhospitalAmbassadors help to raise money all yearround for the Sunshine Children’s Wardthrough various raffles and eventsOther children’s health services in thecommunity are supported at the SunshineCircleCIB hold an annual fund raising functionwhich this year raised $23,000

RESEARCH�

�

�

Healthy Communities Research Centre jointlyfunded by Ipswich Hospital Foundation andUQ Faculty of Health SciencesThe current Director and Research Chair ofthe Healthy Communities Research Centre isProf Robert BushThe Centre analyses the SNAP data that iscollected from screenings, and for largerbusinesses produces report cards of thehealth of the business

PARTNERS�

�

�

Healthy Partnerships allow the Foundation tocontinue and expand new and existingprogramsPartners include local councils, hospitalauxiliaries and education institutions(Universities, Tertiary and Secondary,Primary)Individuals serving as ambassadors partnerwith the Foundation to raise funds and helpus reach our goals

AMENITIES�

�

�

The Wig Library, with the support of thelocal Cancer Support Group, works toprovide cancer patients with small comfortsin their time of needThe Hospital Foundation also works toprovide presentable waiting areas in thehospitals as well as up to date magazinesfor waiting patientsSocial Support for consumers at holidaytimes

HEALTHY4LIFE�

�

Ipswich Healthy4Life aims to supportcommunity organisations and sporting clubsby creating and maintaining a clubdirectory with a personal page for eachgroupThe Healthy4Life events calendar supportscommunity, sporting and school groupevents. Before a group can publish an eventon the website, they must become aregistered member

4Go it!ipswich healthy4life

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What does it take to Become the Healthiest Community in Australia?

In order to continue towards our goal of Becoming the Healthiest Community in Australia, we have thefollowing healthy events scheduled for 2010.

JANUARYIHF

Welcomesthe New

Fitness Year!

FEBRUARY

-Fitness ActivitiesCommence

-Movies in the Park

MARCH APRIL

“(The Foundation’sactivities) made

me feel like part ofthe community.”

-Movies in the Park-Tuffkidz-Ipswich Golf 4Health-Ipswich 100

MAY JUNE

-Gatton Grunt

-Boonah Blitz

JULY AUGUST“The more you do,the more you can

do! I'm feelinghealthier and

stronger.”

-Rail Trail Fun Run

-Park2Park Fun Run

SEPTEMBER OCTOBER

NOVEMBER DECEMBER

-Sunshine CircleAppeal Launch

-Ipswich MarburgWalkathon

-Happy Wanderers

-One Mile GiftRaceday

-Sunshine CircleAppeal

-Hip Hop Challenge -Movies in the Park

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FINANCIAL REPORTFOR THE YEAR ENDED 30 JUNE 2009

Table of Contents

Committee's ReportFinancial Report

Income Statement

Statement of Changes in EquityCash Flow StatementNotes to the Financial Statements

Certificate of Ipswich Hospital FoundationIndependent Audit Report

Balance Sheet

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13141516

17-2526

27-28

IPSWICH HOSPITAL FOUNDATION

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Committee's Report

Your committee members submit the financial report of the Ipswich Hospital Foundation for the financialyear ended 30 June 2009.

The names of the committee members throughout the financial year and at the date of this report are:

The principal activity of the foundation during the financial year was providing funding and resources forthe support of the West Moreton District Health Services.

No significant change in the nature of these activities occurred during the year.

No significant change in the nature of these activities occurred during the year.

The surplus/(deficit) from ordinary activities after providing income tax amounted to $(28,916){2008: $134,955}.

No matters or circumstances have arisen since the end of the financial year that significantly affected ormay significantly affect the operations of the foundation, the results of those operations, or the state ofaffairs of the Foundation in future financial years.

Signed in accordance with a resolution of the Members of the Committee:

Rob Walker - Chairman

Ray Chandler - Secretary

Dated this 22nd day of August, 2009

Committee Members

Principal Activities

Significant Changes

Operating Result

After Balance Date Events

R. WalkerJ. WiltonC. BromageP. CasosN. HardingP. Lane

R. McGregorA. EdwardsM. BrownC. Kermond (Appointed )R. Chandler (Secretary only)

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The accompanying notes form part of these financial statements. 13

The accompanying notes form part of these financial statements.14

The accompanying notes form part of these financial statements. 15

The accompanying notes form part of these financial statements.16

OBJECTIVES and PRINCIPAL ACTIVITIES OF THE FOUNDATION

NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Preparation

(a) Income Tax

(b) Property, Plant and Equipment

The objective of the Ipswich Hospital Foundation is to provide funding and resources for the support of theWest Moreton District Health Services. It is also conducts community activities to encourage a healthierlifestyle and a fitter community.

Funding of the Foundation is through the operation of car parks and from donations, bequeaths and giftsfrom the community.

This financial report is a general purpose financial report that has been prepared and presented inaccordance with Australian Accounting Standards. In addition, the financial report complies with theTreasurer's Minimum Reporting Requirements for the year ended 30 June 2009, and other authoritativepronouncements.

The financial report is for the entity Ipswich Hospital Foundation as an individual entity, incorporated anddomiciled in Australia. Ipswich Hospital Foundation is a body corporate incorporated under the HospitalsFoundations Act 1982.

The following is a summary of the material accounting policies adopted by the Ipswich Hospital Foundationin the preparation of the financial report. The accounting policies have been consistently applied, unlessotherwise stated.

The financial report has been prepared on an accrual basis and is based on historical costs. It does nottake into account changing money values or, except where stated, current valuations of non-current assets.Cost is based on the fair values of the consideration given in exchange for assets.

No provision for income tax has been raised as the Foundation is exempt from income tax under Division50 of the Income Tax Assessment Act 1997.

Each class of property plant and equipment is carried at cost or fair value less, where applicable, anyaccumulated depreciation and impairment losses.

Plant and EquipmentPlant and equipment are measured on the cost basis less depreciation and impairment losses.

The carrying amount of plant and equipment is reviewed annually by the members of the committee toensure it is not in excess of the recoverable amount of those assets. The recoverable amount is assessedon the basis of the expected net cash flows which will be received from the assets' employment andsubsequent disposal. The expected net cash flows have not been discounted to their present values indetermining recoverable amounts. Plant and equipment that has been contributed at no cost or for anominal cost are valued at fair value at the date of acquisition.

DepreciationThe depreciable amount of all fixed assets are depreciated over the useful lives of the assets to theFoundation commencing from the time the asset was held ready for use. Leasehold improvements areamortised over the shorter of either the unexpired period of the lease or the estimated useful lives of theimprovements.

The depreciation rates used for each class of depreciable assets are:

Class of Fixed Asset Depreciation Rates Depreciation BasisMotor Vehicles 22.5% Diminishing ValueComputer Equipment 40% Diminishing Value

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NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

(c) Impairment of Assets

(d)Leases

(e) Employee Benefits

(f) Financial Instruments

(f) Cash and Cash Equivalents

At each reporting date, the Foundation reviews the carrying values of its assets to determine whetherthere is any indication that those assets have been impaired. If such an indication exists, the recoverableamount of the asset, being the higher of the asset's fair value less costs to sell and value-in-use, iscompared to the asset's carrying value. Any excess of the asset's carrying value over its recoverableamount is expensed to the income statement.

Where it is not possible to estimate the recoverable amount of an individual asset, the Foundationestimates the recoverable amount of the cash-generating unit to which the asset belongs.

Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor,are charged as expenses in the periods in which they are incurred.

Provision is made for the Foundation's liability for employee benefits arising from services rendered byemployees to balance date. Employee benefits expected to be settled within one year together withbenefits arising from wages and salaries, annual leave and sick leave which will be settled after one year,have been measured at the amounts expected to be paid when the liability is settled plus related on-costs.Other employee benefits payable later than one year have been measured at the present value of theestimated future cash outflows to be made for those benefits.

Contributions are made by the Foundation to an employee superannuation fund and are charged asexpenses when incurred.

RecognitionFinancial instruments are initially measured at cost on trade date, which includes transaction costs, whenthe related contractual rights or obligations exist. Subsequent to initial recognition these instruments aremeasured as set out below.

Financial liabilitiesNon-derivative financial liabilities are recognised at amortised cost, comprising original debt less principalpayments and amortisation.

Loans and receivablesLoans and receivables are non-derivative financial assets with fixed or determinable payments that are notquoted in an active market and are stated at amortised cost using the effective interest rate method.

ImpairmentAt each reporting date, the Foundation assesses whether there is objective evidence that a financialinstrument has been impaired. In the case of available-for-sale financial instruments, a prolonged declinein the value of the instrument is considered to determine whether an impairment has arisen. Impairmentlosses are recognised in the income statement

Cash and cash equivalents includes cash on hand, deposits held at call with banks, other short-term highlyliquid investments with original maturities of three months or less, and bank overdrafts. Bank overdraftsare shown within short-term borrowings in current liabilities on the balance sheet.

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NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

(g) Revenue

(h) Goods and Services Tax (GST)

(i) Receivables

(j) Acquisitions of Assets

(k) Issuance of Financial Statement

(l) New and Revised Accounting Standards

(m) Comparative Figures

Revenue from the rendering of a service is recognised upon the delivery of the service to the customers.

Interest revenue is recognised on a proportional basis taking into account the interest rates applicable tothe financial assets.

Other revenue is recognised when the right to receive the revenue has been established.

All revenue is stated net of the amount of goods and services tax (GST).

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount ofGST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST isrecognised as part of the cost of acquisition of the asset or as part of an item of expense. Receivablesand payables in the Balance Sheet are shown inclusive of GST.

Cash flows are presented in the cash flow statement on a gross basis, except for the GST component ofinvesting and financing activities, which are disclosed as operating cash flows.

Trade debtors are recognised at the nominal amounts due at the time of sale or service delivery.Settlement of these amounts is required within 30 days from invoice date.

The collectability of receivables is assessed periodically with provision being made for impairment. Allknown bad debts were written-off as at 30 June.

Actual cost is used for the initial recording of all non-current physical and intangible asset acquisitions.Cost is determined as the value given as consideration plus costs incidental to the acquisition, includingall other costs incurred in getting the assets ready for use.

The financial statements are authorised for issue by the Chairperson and Secretary at the date of signingthe Management Certificate.

The Foundation did not adopt early any new or amended accounting standard ahead of the specifiedcommencement date. Consequently, the Foundation has not applied any Australian accountingstandards and interpretations that have been issued but are not yet effective. The Foundation will applythese standards and interpretations in accordance with their respective commencement dates.

The adoption of these standards is not expected to have a material impact on the Foundation.

Where required comparative figures have been restated to be consistent with disclosures in the currentreporting period.

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2009 2008

NOTE 2:

$ $Employee Benefits

Wages and salaries 500,804 442,020Employer superannuation contributions 41,797 35,503

Employee Related Expenses

Worker’s compensation premium 2,629 2,709

Other employee related expenses - -

Total Employee Expenses 545,230 480,232

Number of employees at year end 18 18

Executive Remuneration

No senior executive received or was due to receive totalremuneration of $100,000 or more

The financial report was authorised for issue on this 22nd day of August 2009 by the members of theCommittee.

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2009 2008

$ $

NOTE 3: SURPLUS/(DEFICIT) FROM YEAR

Surpluses/(deficit) from ordinary activities has been determinedafter:(a) expenses;

Depreciation of non-current assets

- Office equipment 17,304 16,233

Remuneration of the auditors for:- audit or review services 4,124 4,563

(b) Revenue and net gains

Car park 965,300 918,910

Conferences 23,503 1,971

Donations and other income 287,642 595,997

Interest income 83,575 96,601

1,360,020 1,613,479

NOTE 4 : CASH AND CASH EQUIVALENTSCash on hand 616 4,416

Cash at bank 50,102 115,854

Queensland Treasury Corporation cash fund 1,466,979 1,545,247

1,517,697 1,665,517

NOTE 5 : TRADE AND OTHER RECEIVABLESCurrent

Trade receivables 85,191 89,645

85,191 89,645

NOTE 6: OTHER ASSETSCurrent

Prepayments 16,647 14,693

Deposits 22,072 56,898

38,719 71,591

NOTE 7: PROPERTY PLANT AND EQUIPMENTPlant and equipment

Motor vehicles - at cost 35,194 33,103

Accumulated depreciation (16,405) (11,081)

18,789 22,022

Computer and electronic equipment - at cost 77,111 65,281

Accumulated depreciation (55,686) (43,706)

21,425 21,575

Total plant and equipment 40,214 43,597

Total property, plant and equipment 40,214 43,597

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Movements in carrying values of assets

2009

Balance atbeginning of

the year

Additions/Revaluation

Disposal DepreciationExpense

Carryingamount atyear end

Motor vehicles 22,022 2,091 - (5,324) 18,789Computer equipment 21,575 11,830 - (11,980) 21,425Total 43,597 13,921 - (17,304) 40,214

2008

Balance atbeginning of

the year

Additions/Revaluation

Disposal DepreciationExpense

Carryingamount atyear end

Motor vehicles 28,414 - - (6,392) 22,022Computer equipment 12,539 18,877 - (9,841) 21,575Total 40,953 18,877 - (16,233) 43,597

NOTE 8: TRADE AND OTHER PAYABLES 2009 2008

Unsecured liabilities $ $

Trade payables 11,211 76,247

Endowments and designated funds - 86,836

Income in advance 95,231 118,301

Employee benefits 40,401 30,578

Sundry creditors and accruals 24,587 27,070

171,430 339,032

NOTE 9: PROVISIONS

Annual leaveprovision

Long serviceleave provision

Totalprovisions

Balance at 1 July 2008 30,578 29,048 59,626

Additional provisions raised during the year 9,823 7,989 17,812

Amounts used - - -

Balance at 30 June 2009 40,401 37,037 77,438

2009 2008

$ $

Analysis of provisions

Current - trade and other payables 40,401 30,578

Current - provisions 17,891 14,748

Non-current - provisions 19,146 14,300

77,438 59,626

NOTE 10: ENDOWMENTThe Association of Relatives and Friends of the Mentally Ill, Sunshine Coast Inc (ARAFMI) havedonated funds to the Foundation. 80% of the interest earned is to be used for a PhD Scholarship withthe Foundation contributing any shortfall. The fund may not be used for any other purpose.

NOTE 11: CONTINGENT LIABILITIES

There are no known contingent liabilities as at the reporting date.

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NOTE 12: REMUNERATION OF COMMITTEE MEMBERS

The members of the Committee of the Ipswich Hospital Foundation at any time during or since theend of the financial year are as follows:R Walker, J Wilton, C Bromage, P Casos, N Harding, P Lane, R McGregor, A Edwards, M Brown, CKermond, R Chandler (Secretary only)

The Foundation Members have not directly or indirectly received or are due to receive remunerationfrom the Foundation or any related party in connection with the management of the Foundation.

NOTE 13: SEGMENT REPORTING

The Foundation operates predominantly in providing funding and resources for the support of theWest Moreton District Health Services.

2009 2008

NOTE 14: CASH FLOW INFORMATION $ $

(a) Reconciliation of cash

Cash on hand 616 4,416

Cash at bank 50,102 115,854

Queensland Treasury Corporation cash fund 1,466,979 1,545,247

1,517,697 1,665,517

(b) Reconciliation of cash flows from operations with surplus afterincome tax

Surplus/(Deficit) after income tax (28,916) 134,955

Non cash flows in profit from ordinary activities

Depreciation 17,304 16,233

Changes in assets and liabilities

(Increase)/decrease in trade and other receivables 4,454 (35,498)

(Increase)/decrease in other assets 32,872 (53,903)

Increase/(decrease) in trade and other payables (177,425) 157,775

Increase/(decrease) in provisions 17,812 (9,617)

(133,899) 209,945

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NOTE 15: FINANCIAL RISK MANAGEMENT

(a) Interest Rate Risk

The Foundation’s exposure to interest rate risk, which is the risk that a financial instrument’s value willfluctuate as a result of changes in market interest rates and the effective weighted average interestrates on classes of financial assets and financial liabilities, as well as the expected maturities of thosefinancial assets and financial liabilities, is as follows:

WeightedAverageEffective

Interest Rate

Floating Interest Rate Fixed Interest RateMaturing

Less than 1 year

Non InterestBearing

Total

2009 2008 2009 2008 2009 2008 2009 2008 2009 2008

% % $ $ $ $ $ $ $ $

FinancialAssets

Cash onhand 0.00% 0.00% - - - - 616 4,416 616 4,416Cash atbank 0.50% 0.50% 50,102 115,854 - - - - 50,102 115,854QueenslandTreasury 5.52% 7.55% 1,466,979 1,545,247 - - - - 1,466,979 1,545,247

Trade andotherreceivables

0.00% 0.00% - - - - 85,191 89,645 85,191 89,645

Totalfinancialassets

1,517,081 1,661,101 - - 85,807 94,061 1,602,888 1,755,162

FinancialLiabilities

Trade andotherpayables

0.00% 0.00% - - - - 171,430 339,032 171,430 339,032

Totalfinancialliabilities - - - - 171,430 339,032 171,430 339,032

Trade and other payables, as for the 2008 year, are expected to be settled within 6 months ofbalance date.

(b) Financial Risk Management

The Foundation’s financial instruments consist mainly of deposits with the Queensland TreasuryCorporation and financial institutions and accounts receivable and payable.

Treasury risks are managed by the Management, Finance and Administration subcommittee ofthe Board. This subcommittee meets monthly and operates under policies approved by theBoard of Committee Members. Risk management policies are approved and reviewed by theBoard on a regular basis.

No exposure or loss has arisen in any prior accounting period.

(c) Net Fair Values

For all financial assets and financial liabilities shown above the net fair value approximates theircarrying value. No financial assets and financial liabilities are readily traded on organisedmarkets in standardised form. Financial assets where the carrying amount exceeds net fairvalues have not been written down as the Foundation intends to hold these assets to maturity.

The aggregate net fair values and carrying amounts of financial assets and financial liabilitiesare disclosed in the statement of financial position and in the notes to the financial statements.

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NOTE 16: FINANCIAL RISK MANAGEMENT (Cont.)

(d) Sensitivity Analysis

Interest Rate Risk

The Foundation has performed a sensitivity analysis relating to its exposure to interest rate riskat balance date. This sensitivity analysis demonstrates the effect on current year results andequity which could result from a change in this risk.

As at 30 June 2009, the effect on profit and equity as a result of changes in the interest rate,with all other variables remaining constant, would be as follows:

2009 2008

$ $

Change in profit

- Increase in interest rate by 2% 30,342 33,222

- Decrease in interest rate by 2% (30,342) (33,222)

Change in equity

- Increase in interest rate by 2% 30,342 33,222

- Decrease in interest rate by 2% (30,342) (33,222)

NOTE 17: BODY CORPORATE DETAILS

The principal place of business of the body corporate is:

Ipswich Hospital FoundationPO Box 87821 Bell StreetIPSWICH QLD 4305

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Certificate of Ipswich Hospital Foundation

The annual financial statements have been prepared pursuant to the provisions of the FinancialAdministration and Audit Act 1977 and other prescribed requirements.

We certify that:

(a) The financial statements with other information and notes to and forming part thereof are inagreement with the accounts and records of the Ipswich Hospital Foundation.

(b) In our opinion:

(i) the prescribed requirements in respect of the establishment and keeping of accounts havebeen complied with in all material respects; and

(ii) the annual financial statements have been drawn up so as to present a true and fair view, inaccordance with prescribed accounting concepts and standards, of the transactions of theFoundation for the period 1 July 2008 to 30 June 2009 and of the financial position of theFoundation as at the end of that year.

Rob Walker - Chairman

Ray Chandler - Secretary

Dated this 22nd day of August, 2009

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Independent Audit ReportTo the Members of the Ipswich Hospital Foundation

Report on the Financial Report

The Financial Statements

The Committee's Responsibility for the Financial Report

Auditor's Responsibility

Independence

I have audited the accompanying financial report of the Ipswich Hospital Foundation which comprisesthe balance sheet at 30 June 2009, and the income statement, statement of changes in equity and cashflow statement for the year ended on that date, a summary of significant accounting policies, otherexplanatory notes and certificates given by the Committee and officer responsible for the financialadministration of Ipswich Hospital Foundation for the year ended 30 June 2009.

The Committee is responsible for the preparation and fair presentation of the financial report inaccordance with prescribed accounting requirements identified in the Financial Administration and AuditAct 1977 and the Financial Management Standard 1997, including compliance with applicable AustralianAccounting Standards (including the Australian Accounting Interpretations). This responsibility includesestablishing and maintaining internal control relevant to the preparation and fair presentation of thefinancial report that is free from material misstatement, whether due to error or fraud; selecting andapplying appropriate accounting policies; and making accounting estimates that are reasonable in thecircumstances.

My responsibility to express an opinion on the financial report based on the audit is prescribed in theAuditor-General Act 2009. This Act, including transitional provisions, came into operation on 1 July 2009and replaces the previous requirements contained in the Financial Administration and Audit Act 1977.The audit was conducted in accordance with Auditor-General of Queensland Auditing Standards, whichincorporate the Australian Auditing Standards. These auditing standards require compliance with relevantethical requirements relating to audit engagements and that the audit is planned and performed to obtainreasonable assurance whether the report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor's judgement, including theassessment of risks of material misstatement in the financial report, whether due to fraud or error. Inmaking these risk assessments, the auditor considers internal control relevant to the entity's preparationand fair presentation of the financial report in order to design audit procedures that are relevant in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity'sinternal control, other than expressing an opinion on compliance with prescribed requirements. An auditalso includes evaluating the appropriateness of accounting policies and the reasonableness ofaccounting estimates made by the Committee, as well as evaluating the overall presentation of thefinancial report including any mandatory financial reporting requirements as approved by the Treasurerfor application in Queensland.

I believe that the audit evidence obtained is sufficient and appropriate to provide a basis for my auditopinion.

The Auditor-General Act 2009 promotes the independence of the Auditor-General and QAO authorisedauditors. The Auditor-General is the auditor of all public sector entities and can only be removed byParliament.

The Auditor-General may conduct an audit in any way considered appropriate and is not subject todirection by any person about the way in which powers are to be exercised. The Auditor-General has forthe purposes of conducting an audit, access to all documents and property and can report to Parliamentmatters which in the Auditor-General's opinion are significant.

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Auditor's Opinion

B G Hiley, FCA

as Delegate of the Auditor-General of Queensland

In accordance with section 40 of the Auditor-General Act 2009:

(a) I have received all information and explanations which I have required; and

(b) in my opinion:

(i) the prescribed requirements in respect of the establishment and keeping ofaccounts have been complied with in material respects; and

(ii) the financial report has been drawn up so as to present a true and fair view,in accordance with the prescribed accounting standards of the transactionsof the Ipswich Hospital Foundation for the financial year 1 July 2008 to30 June 2009 and of the financial position at the end of that year.

Signed on this 22nd day of August, 2009 at Brisbane

Ipswich Hospital Foundation

Independent Audit ReportTo the Members of the Ipswich Hospital Foundation

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Ambassadors

Wig Library

Ambassadors are fund raisers, volunteers and helpers of theFoundation.

ARAFMI

Event Director

Fit4Life

Fit Flicks

Healthy4Life Resource Centre

Healthy Communities Research Centre

Healthy Queensland Awards

Ipswich Healthy4Life

One Mile Gift

Park2Park

Partners

SNAP

Sunshine Circle

Association of Relatives and Friends of the Mentally Ill.

Event director is a New Zealand based online eventmanagement system that the Ipswich Hospital Foundation usesto host their event websites and handle event registrations.

These are the ongoing sessions promoting better health at freeor low cost to the community.

These are outdoor movies that prior to the showing, an aerobicexercise session was held to involve the whole family inphysical activity.

The Healthy4Life Resource Centre is a service provided free ofcharge to community groups and schools in the health district.

The Ipswich Hospital Foundation is a major partner of theHealthy Communities Research Centre, in the Faculty of HealthSciences at The University of Queensland.

The Healthy Queensland Awards are an annual state-widecompetition to find Queensland's healthiest community,Queensland's healthiest school and Queensland's healthiestworkplace.

This is a new web initiative of the Ipswich Hospital Foundationin conjunction with West Moreton Population Health and IpswichCity Council, aimed at providing the most up to dateinformation on events in and around the city.

One of the Foundation’s healthy events.

The Park2Park is an annual healthy event held by the IpswichHospital Foundation. It is a fun run event offering HalfMarathon, 10KM and 5KM courses. The Park2Park is held onthe last Sunday of July each year and 2009 sees it fifth yearof operation.

Partners are organisations, councils, hospital auxiliaries andprofessional organisations that together with the Foundationpromote becoming a healthier community.

Stands for Screening, Nutrition, Activity and Positive AttitudeProgram. SNAP is a business place based health screeningprogram conducted by the Ipswich Hospital Foundation.

The Sunshine Circle aims to raise funds to improve the qualityof the Ipswich Hospital’s Sunshine Ward, and ultimately tobrighten the lives of the children that stay for periods of timein hospital.

One of the most beneficial amenities of the Foundation hasbeen the Wig Library. The Library allows cancer patients toborrow a wig for a period of time until they no longer feelthey require the wig. It is then returned to the Foundation.

GLOSSARY OF TERMS

Interpreter Service

Online Version

If you have difficulty in understanding the annual report, you can contact us on (07) 3817 2318 and wewill arrange an interpreter to effectively communicate the report to you.

The online version of this annual report can be found at http://www.ihfoundation.org.au/ihf.php/about.

Thank You to all the donors and supporters of theIpswich Hospital Foundation.

Your continued support over the past year has assisted the Foundation towards its goal of

Without your generous donations and support, the Foundation would not be able to continue to expand andcreate new healthy programs for the community.

Becoming the Healthiest Community in Australia.

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4Go it!

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