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ANNUAL REPORT 2015ACN 143 616 764 ABN 74 143 616 764

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Water Stewardship Australia Limited ACN – 143 616 764

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From a trickle to a flow – 2015 in review

Dr. Jamie Pittock, Chair

It would be wrong to get ahead of

ourselves but this year we seem to

have seen a change in our

development path from the stop-start

pattern of past years to one of solid

progress where each achievement

creates a foundation for future growth.

We have taken on new projects, built

capacity, developed our brand and

seen the first Australian company

apply for certification under the AWS

International Water Stewardship

Standard. We are well aware that

there is still a lot to do. We are

reviewing our strategy, developing

new partnerships, strengthening our

market presence and building the IT

infrastructure to support future

growth.

This year we have assumed

responsibility for development of water

stewardship throughout the Asia Pacific

region with support from the Australian

Government. We have engaged a

Regional Manager, Zhenzhen Xu, based

in Shanghai and organised the first Asia

Pacific Water Stewardship Forum in

conjunction with the International Rivers

Symposium. We have built relationships

in the region and supported this through

relationships with Australian

organisations that have similar goals. An

initial focus for our regional work will be

the Taihu Basin north of Shanghai in

cooperation with our partners in Jiangsu,

Zhejiang and WWF China.

In Australia our project work has

developed both in breadth and depth.

Our project on the Mornington Peninsula

near Melbourne has continued to

develop, we have progressed our project

in the Northern Murray Darling Basin and

established a new project working with

South Australian Murray Irrigators based

on the Renmark Irrigation Trust. Across

the Tasman we welcome our new

member the Waitaki Irrigators Collective

who are implementing water stewardship

as part of their 10-year strategic plan.

We have worked with GrainCorp and

more recently with Traditional Owners in

the Kimberley.

To support this work we are building

capacity to deliver projects through the

provision of training programs in New

Zealand, China, India, Pakistan,

Melbourne and Brisbane. We have built

our own capacity from our new office in

Melbourne, establishing a project

management office and redeveloping the

water stewardship brand. Over the

coming year we will roll-out the new

brand in conjunction with an enhanced

communication program and new

material to better explain and engage

potential participants in water

stewardship.

Governance

We have maintained very stable

governance over the year. Professor

Barry Hart joined for a short time but had

to resign for personal reasons. Professor

John Langford has had a difficult year

personally and has not been able to

attend Board meetings in the second half

of the year. We wish John and his family

well. Our Committee structure continues

to work well with Directors who have

been prepared to work hard to advance

the organisation.

Juliet Le Feuvre took over as Chair of our

Business and Finance Committee this

year from Sasha Courville. Juliet has

focused on driving improved financial

reporting for the Board so we are in a


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better position to assess progress. The

Committee also focused on our

fundraising efforts to encourage a more

strategic approach, played a key role in

our branding review and took an active

interest in our marketing and

communication.

David Waterson has continued to Chair

our Governance and Risk. As well as

maintaining and constantly reviewing our

Risk Register, David and his Committee

contributed in a number of new ways this

year. Through David’s connections with

the project management community we

have gained the services of a volunteer,

Nigam Vaid, who has dramatically

improved our project management

systems and capacity. David has also

monitored our relationship with the

Alliance for Water Stewardship (AWS)

and the progress of our regional

partnership with AWS.

Richard Savage took over as Chair of the

Technical Committee from Juliet Le

Feuvre. The potential workload for this

committee is enormous and this work has

continued to struggle for lack of staff

resources to support research and

development. Toward the end of the

year, WSA was able to contribute to the

recruitment of a global Technical

Manager for AWS, Richard Robertson,

and we hope this will provide some

support for this work and resolution of

technical issues associated with

implementing water stewardship.

Projects

Our portfolio of projects has grown this

year taking us into new areas and

deepening our capacity to evolve and

promote water stewardship.

The Western Port Water Stewardship

Project that was featured last year at our

AGM event developed strongly following

the recruitment of Lance Lloyd as Project

Manager. Our partner, the Western Port

Biosphere Reserve Foundation,

manages the project and Lance is

employed by the Biosphere. The project

leverages the leading role that the

Inghams Enterprises site in Somerville

has played in the development and

implementation of water stewardship. In

recent months Lance has started to build

participation of major water users on the

Mornington Peninsula. As well as

anticipated participants such as

horticultural enterprises, the project has

attracted participation from two schools in

the region and the interest of Landcare

groups.

Northern Murray Darling Basin Project.

This project continued to progress over

the year. Water stewardship training was

offered to staff of Norman Farming and

the Queensland Murray Darling

Committee (QMDC). WSA undertook an

assessment of catchment challenges

with assistance of the QMDC. WSA also

undertook a gap analysis with the cotton

industry myBMP standard (which is

already aligned with the Better Cotton

Initiative). WSA has provided briefings

on the project to local stakeholders. It is

expected to continue to progress over

coming months.

Renmark Irrigation Trust (RIT) Project.

WSA worked with South Australian

Murray Irrigators and SA-based

Waterfind to secure funding from the SA

Government. The initial aim of this work

is to develop a catchment analysis and

engage members of the RIT as

demonstration sites for the application of

the water stewardship standard. WSA is

currently preparing a draft analysis of

catchment challenges. A further

component of this project will be to build

in measurement of the business case for

water stewardship. A project reference

group has been established and it is


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expected the project will accelerate over

the coming months.

RIT intake and distribution infrastructure at

Renmark along the Murray River, SA.

Indo-Pacific Water Stewardship Project.

A partnership with the Australian

Department of Foreign Affairs and Trade,

this project is seeking to engage

Australian businesses in water

stewardship programs in the region. Two

Australian companies, Country Road and

Inghams Enterprises, have already

committed to the project. Following the

appointment of an Asia Pacific Regional

Manager in June, WSA undertook a

series of information briefings in

Melbourne, Sydney and Canberra to

recruit additional Australian partners.

The project is already working with

international partners in China and India.

An initial focus will be integrating water

stewardship into pollution control and

reform efforts in the Taihui Basin north of

Shanghai. The region accounts for

almost 12 per cent of China’s GDP.

WSA has a partnership agreement with

Jiangsu Engineering Consulting and

WWF China as part of this project.

Review of Project Management.

Through our Board member David

Waterson, WSA was able to engage the

services of a volunteer project

management expert. The Board

identified strengthening our project

management capability as an important

task for 2015 as both the number and

size began to increase. An important

part of this project is to also understand

future resource needs for the

organisation as it grows. Nigam Vaid has

done an excellent job in developing

systems that allow good management of

project and easy oversight by the Board.

Brand Redevelopment

The Board identified strengthening the

brand of water stewardship in the market

as an important factor in strengthening

uptake of water stewardship both in

Australia and internationally. Funds for

this work were obtained from

contributions made to our Public Fund

and additional contributions from

Inghams Enterprises. Leading brand

consultant Trevor Flett was engaged to

lead this work. He took the Board and

stakeholders through three phases of

work; a strategic evaluation of the brand

and its key messages, development of

design concepts, and final finishes and

implementation. Results of this work will

start to be seen over coming months and

will reach full strength in 2016.

International

During the year WSA continued to be a

very active contributor to the international

development of water stewardship. Our

Secretary Michael Spencer continued as

Chair of the Alliance for Water

Stewardship (WSA) and the transition of

that organisation from a collaboration of

like-minded organisations to a

membership-based multi-stakeholder

organisation with its own democratic

government system. That volunteer role

has presented significant challenges over

the year and made considerable

demands on his time. The work of both

Zhenzhen Xu and Richard Robertson are


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also contributing to the development of

AWS. Michael Spencer also participated

in a number of international conferences

representing both AWS and WSA.

These included conferences in China,

North America, Spain, India and

Australia.

Finance

While the company’s financial position

would appear to have improved

considerably, the balance at the end of

2015 ($323,368) essentially represents

funds committed to projects identified

above. A net surplus of $310,696 was

recorded. The goal for the organisation

is to manage these funds to fulfil our

commitments to funders and to underpin

future development of water stewardship

in the region. As noted elsewhere in this

report, in order to meet these goals the

Board has established a Project

Management Office staffed by an

experienced Project Manager.

Nevertheless the considerable expansion

in activity by the organisation is reflected

in these financial results.

WSA operates a Public Fund to receive

gift deductible donations from members

of the public. The fund has raised money

from the public and this has been

directed to projects in accordance with

the aims of the fund. Three Trustees

ensure that the fund complies with its

regulatory requirements and uses the

funds for appropriate purposes. We

acknowledge and thank Adj. Professor

John Williams (Chair), Professor Quentin

Grafton and Dr Ken Matthews for their

commitment and contribution.

Personnel

WSA continued to be managed by

Executive Secretary Michael Spencer on

a part-volunteer, part-fee for service

basis. Our Project Officer/Administration

Manager Megan McLeod works on a

similar basis. We thank them for their

contributions. An important task for the

coming year will be to achieve a position

where WSA can employ staff in salaried

positions rather than continuing this

arrangement. It will both enhance

professionalism and create more security

for staff and the organisation. Two staff

were employed in June and July.

Zhenzhen Xu was employed on a

contract basis as Regional Manager

based in Shanghai and Richard

Robertson was employed on a part-time

contract basis as Technical Manager

based in Vancouver. We welcome both

to WSA and the broader international

water stewardship organisation AWS.

Both have already shown their worth with

Zhenzhen generating significant

momentum for our work in China and

Richard dealing efficiently with the

accreditation of auditors, consultants and

trainers.

The future

Over the coming year the pace of

development will not diminish. Both

WSA and AWS have scheduled strategy

sessions over the remainder of calendar

2015 that will map the path for 2016 and

beyond. The need to continue to grow

brand awareness and brand strength will

be important in creating an incentive for

participation in good water stewardship.

We look forward to more organisations

aspiring to and achieving certification as

good water stewards. We need to

continue to secure the financial basis for

the organisation. Competition for funds

has not diminished and we must continue

to build our capacity to generate earned

income. As our financial position

improves we will need to ensure we have

the best combination of people to drive

the organisation forward. We will work to

develop a mix of skills over the coming

year. We will also need to strengthen our


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infrastructure. High on our list of

priorities will be our IT capability in order

to make the system more accessible and

compliance less burdensome. We also

need to build-in to the water stewardship

system, at this early stage of our

development, capacity to track and

record outcomes achieved through the

application of good water stewardship.

Finally, we recognise that we cannot do

all that is required ourselves and we

need to continue to build partnerships as

we have done this year with

organisations such as the International

Rivers Foundation, the International

Water Centre, WWF China and Jiangsu

Engineering Consulting Organisation.

Thank you to our supporters

Once again I would like to extend a

sincere thank you to those organisations

that have supported development of the

water stewardship system during 2015.

Inghams Enterises again deserves

particular mention as not only a key

partner but an important supporter of

both our Western Port project and our

brand development project. Helen

Macpherson Smith Trust is recognised as

the key financial supporter for the

Western Port project.

We welcome NAB who have returned as

a key partner organisation in 2016. We

also welcome DFAT as the funding

partner for our work in the Indo Pacific

region. Country Road is deserving of

recognition as a founding partner of that

project. We acknowledge the South

Australian Government for their support

for the Renmark Irrigation Trust project

through our partnership with South

Australian Murray Irrigators. The Murray

Darling Basin Authority is recognised for

their ongoing support particularly of our

work in the Northern Basin.

Julia Seddon, Inghams Enterprises and WSA

Deputy Chair, with WSA Project Officer Megan

McLeod inspecting the fencing and revegetation

works completed by Inghams, Somerville under

their Water Stewardship Plan to improve water

quality and important water related areas.

We acknowledge the important

contribution members and supporters

make to the sustainability of WSA

Limited. This year our membership has

grown and we thank those new members

who have joined our ranks. We hope to

continue to build on that in 2016 and offer

for the first time joint membership with

the Alliance for Water Stewardship.

Finally, I would like to once again thank

our Secretary Michael Spencer, our

Project Officer/Administration Manager

Megan McLeod and our Project Manager

Nigam Vaid for their dedication. I would

also like to acknowledge my fellow Board

members and thank them for their

support an ongoing contribution to the

development of WSA. This will be my

last year as Chair. I will continue as a

member of the Board while passing the

baton of Chair to one of my colleagues.

It has been a privilege to serve in this

role for such a great team of people.

Dr Jamie Pittock

WSA Limited Chair


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Development of the water stewardship system

The concept of water stewardship was

first articulated by proponents of a

voluntary, multi-stakeholder,

standards-based approach to water

management in Australia in 2006.

Water Stewardship Initiative Pty Ltd was

established following a series of

stakeholder meetings in 2006, 2007 and

2008. This organisation was responsible

for the development of the world’s first

water stewardship standard in 2009.

The Australian Water Stewardship

Standard and all associated intellectual

property was passed to Water

Stewardship Australia Limited (WSA), a

membership based not for profit entity,

following its establishment in 2010.

In 2011, WSA completed recruitment of

its full Board and created Board sub-

committees for technical issues,

marketing and finance, and for

governance.

The objective of WSA is the ‘protection

and enhancement of the natural

environment through the development,

communication and promotion of water

stewardship in Australia and the Asia

Pacific region’.

Water stewardship is defined as: “The

use of water that is socially equitable,

environmentally sustainable and

economically beneficial, achieved

through a stakeholder-inclusive process

that involves site- and catchment-based

actions”.

Water stewardship is based on achieving

four important outcomes: Sustainable

water balance; Good water quality,

Healthy important water related areas,

and Good water governance.

WSA’s 2009 water stewardship standard

formed the basis of the first draft

international water stewardship standard

in 2010. Development of an international

standard was led by the Alliance for

Water Stewardship (AWS), of which

WSA was a founding member.

In 2011 Professor John Langford of

Melbourne University was appointed to

the Alliance for Water Stewardship

International Standard Development

Committee (ISDC). WSA Secretary

Michael Spencer has held the position of

Chair of the AWS Board since its

inauguration.

In 2011-12 a Technical Advisory Group,

appointed by the WSA Board, reviewed

the first Australian Water Stewardship

Standard and made recommendations

for a revised standard that was presented

to a stakeholder meeting and approved

by the WSA Board in June 2012. This

standard became the basis for further

field trials in Australia.

At the same time, the Board undertook

an environmental scan and review of the

WSA strategic plan. In the context of the

new strategic plan the WSA Board

agreed to focus future efforts on

influencing the international standard

being developed by AWS rather than

further developing WSA’s standard.

In 2012-13 WSA undertook field trials in

the Goulburn Broken Catchment with the

Goulburn Broken Catchment

Management Authority, Dairy Australia

and Tatura Milk Industries. Experience

gained was submitted to the ISDC for

consideration in the development of the

international standard.

In 2013, the AWS ISDC finalised a ‘Beta’

international standard and in April 2014

the final version was released at a

meeting of the United Nations Global


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Compact CEO Water Mandate in Lima

Peru. The standard is now the basis for

ongoing work in Australia and globally.

In 2014 WSA developed the first global

Foundation Training program for people

interested in applying the standard,

promoting use of the standard or working

as an auditor, consultant or trainer on the

standard. In 2015 this work was

complemented by the development of

Advanced and Specialist Training

programs.

In 2015 the first certificate was awarded

by TUV (Rheinland) for compliance with

the AWS International Water

Stewardship Standard. The certificate

was awarded to an Ecolab site near

Shanghai in China that had been used as

a pilot site during the development of the

Standard.

A short time later Inghams Enterprises in

Australia underwent a certification

assessment against the Standard. At the

time of writing that assessment was still

being finalised. A third site, an Olam

coffee plantation in Tanzania, was due to

be assessed later in 2015.

Offices

Projects


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1. DIRECTORS AND MEETING ATTENDANCE

The Water Stewardship Australia Limited Board of Directors met six times in Financial

Year 2015 as follows:

1. Board Meeting: 30th of July 2014

2. Board Meeting: 24th of September 2014

3. Board Meeting: 3rd of December 2014

4. Board Meeting: 5th of February 2015

5. Board Meeting: 26th of March 2015

6. Board Meeting: 4th of June 2015

The Director attendance at meetings during the year ending 30 June 2015 is shown

below. Director’s details are shown in Appendix 1.

Director 30.7.14 24.9.14 3.12.14 5.2.15 26.3.15 4.6.15

Alexandra, Jason

Courville, Sasha

Feehan, Pat

Langford, John

Le Feuvre, Juliet

Pittock, James

Savage, Richard

Seddon, Julia

Waterson, David

(to December 2014)

Roberts, Andy

(from December 2014 to February 2015)

Hart, Barry

2. OFFICE BEARERS

Chair: Pittock, Jamie (Dr)

Deputy Chair: Seddon, Julia

Secretary: Spencer, Michael

3. PROCEEDINGS ON BEHALF OF THE COMPANY

No person has applied for leave of Court to bring proceedings on behalf of the company

or intervene in any proceedings to which the company is a party for the purpose of taking

responsibility on behalf of the company for all or any part of those proceedings. The

company was not a party to any such proceedings during the year.


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4. PRINCIPAL ACTIVITIES

Water Stewardship Australia is a membership-based organisation established to

promote responsible water management in Australia.

5. OPERATING RESULTS

The company generated a surplus of $310,696. On 1 February 2014 the Australian

Taxation Office endorsed the company for Charity Tax Concessions. From that date the

company is exempt from income tax.

6. SIGNIFICANT CHANGES IN STATE OF AFFAIRS

There were no significant changes in the state of affairs of the company during the

financial year, other than those referred to elsewhere in this report.

7. AFTER BALANCE DATE AFFAIRS

No matters or circumstances have arisen since the end of the financial year which

significantly affected or may significantly affect the operations of the company, the

results of those operations, or the state of affairs of the company in future financial year.

8. FUTURE DEVELOPMENTS

It is most probable that developments in operations of the company and the expected

results of those operations in future financial years will follow the current pattern.

9. DIVIDEND PAYMENT

The company is a company limited by guarantee incorporated and domiciled in Australia.

It does not have share capital. The directors of the company are precluded by the

company’s Constitution from recommending the payment of any dividend.

10. AUDITOR’S INDEPENDENCE DECLARATION

The independent audit report of the auditor for the year ended 30 June 2015 is attached.

Signed in accordance with a resolution of the Board of Directors:

Jamie Pittock (Dr)

Director

Dated this 18th of November, 2015


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APPENDIX 1 DIRECTORS’ PARTICULARS

ALEXANDRA, Jason

Appointed 29th January 2014

Qualifications:

Experience: 1996-present Director, Alexandra and Associates Pty Ltd;

Adjunct Research Fellow, Charles Darwin University Research

Institute for Environment and Livelihoods. 2009-13 Senior

Executive, Murray Darling Basin Authority responsible for

Natural Resource and Ecosystem Management. 2008 Senior

Executive, Murray Darling Basin Commission responsible for

Water Policy. Former Executive Director, Earthwatch

Australia; Non- Executive Director Land and Water Australia.

Organic farmer with over 30 years experience.

Responsibilities: Member, Business sub-committee.

COURVILLE, Sasha

Appointed 28th November 2012

Qualifications: Bachelor of Environmental Studies (York University), Masters

of Economics, Development Studies (London Schools of

Economics), PhD (School of Resources, Environment and

Society, Australian National University).

Experience: 2014-present, Head of Corporate Responsibility Strategy,

National Australia Bank. 2012-2014 Project Director, Natural

Value Strategy, National Australia Bank. 2005-12 Executive

Director, ISEAL Alliance, London, UK. 2001-5 Research

Fellow (and Postdoctoral Fellow), Regulatory Institutions

Network, ANU. 2001-2 Lecturer and Course Convenor,

"Greening of Business" Asia-Pacific School of Economics and

Governance, ANU. 1999-2001 Sustainability Consultant on

design and application of tools for sustainable value chains.

Responsibilities: Member, Technical sub-committee.


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FEEHAN, Pat

Appointed 31st January 2013

Qualifications: Bachelor of Science (University of Melbourne), Graduate

Diploma of Computing (Deakin University), Company Director

Course Diploma (AICD).

Experience: 2007-present Director Feehan Consulting. 2006-7 Manager,

Catchment Programs, Goulburn-Murray Water. 2002-6

Manager, Environment and Natural Resources, Goulburn-

Murray Water. 1994-2002 Manager, Natural Resources and

Water Quality Coordinator, Goulburn-Murray Water. 1975-94

Department of Sustainability and Environment (and

predecessors), various roles including soil conservation, public

land management, landcare, tree growing, salinity.

Responsibilities: Member, Governance sub-committee and Technical sub-

committee.

HART, Barry

Appointed 3rd December 2014 to 5th February 2015

Qualifications: Bachelor of Science (Hons) (Monash University), PhD

(Chemistry) (Monash University).

Experience: 2003-present Director, Water Science Pty Ltd. 2009-present

Member Murray-Darling Basin Authority. 1976-2003 Director,

Water Studies Centre, Monash University. 1993-2002 Deputy

Director/Director Research, CRC for Freshwater Ecology.

1976-1986 Head, Department of Chemistry & Biology,

Caulfield Institute of Technology.

Responsibilities:

LANGFORD, John

Appointed 21st March 2013

Qualifications: Bachelor of Engineering (Agriculture) (University of

Melbourne), PhD (Overland flow hydraulics) (University of

Melbourne).

Experience: 2003-present Professional Fellow, University of Melbourne,

including; Director, Uniwater, and Director, Australia China

Centre of Water Resource Research. 18 years Melbourne

Board of Works; forest hydrology research, water supply

planning and operations, corporate development, and water

pricing reform. 1.5 years State water planning initiating


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demand management and water markets. 7.5 years Director

of Operations and Managing Director, Rural Water

Corporation of Victoria. 4 years Commissioner of the Murray

Darling Basin Commission. 1990-present Board Chairman of

the Murray Darling Freshwater Research Centre. Board

Chairman, Cooperative Research Centres of Catchment

Hydrology (12 years) and Freshwater Ecology (13 years).

Board member, Peter Cullen Water and Environment Trust.

Responsibilities: Member, Technical sub-committee.

LE FEUVRE, Juliet

Appointed 25th May 2010

Qualifications: Bachelor of Arts (Hons) (Cambridge University).

Experience: 2006-present Environment Victoria Healthy Rivers

Campaigner. 2005-6 Australian Conservation Foundation

Direct Marketing Officer. 2002-5 Australian Conservation

Foundation Land and Water Program Assistant.

Responsibilities: Chair, Business sub-committee.

PITTOCK, James


Qualifications: Doctor of Philosophy (The Australian National University),

Bachelor of Science (Monash University), Member of the

Australian Institute of Company Directors.

Experience: 2012-present Associate Professor, Fenner School of

Environment and Society, The Australian National University.

2010-present Director of International Programs, UNESCO

Chair in Water Economics and Transboundary Water

Governance and Principal of James Pittock Consulting. 2010-

13 Program Leader, Australia and United States Climate,

Energy and Water, US Studies Centre. 2007-10 PhD Scholar,

Fenner School of Environment and Society, The Australian

National University. 2000-7 Director, Global Freshwater

Programme, WWF International. 1994-2000 Manager of

Nature Conservation and the Murray-Darling Basin, WWF

Australia. 1990-4 Environmental advocate for various

Australian non-governmental organisations.

Responsibilities: Chair, WSA Limited Board (from 18th January 2011) and

Member, Governance sub-committee.


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ROBERTS, Andy

Appointed 26th March 2014 to 3rd December 2014

Qualifications: Bachelor of Engineering (Civil Engineering) (University of

Adelaide), Bachelor of Science (Maths and Comp Sci)

(University of Adelaide).

Experience: 2011-present CEO, Water Industry Alliance.

2011 (Feb-August) Industry Development Manager, Water

Industry Alliance. 2009-11 Senior Engineer/Software

Developer, Optimatics Pty Ltd.

2006-11 Technical Manager Europe, Optimatics Pty Ltd.

2003-6 Project Engineer, Optimatics Pty Ltd.

2011-present Deputy Chair of Advisory Board, Centre for

Comparative Water Policy and Law, UniSA.

Responsibilities:

SAVAGE, Richard

Appointed 31st January 2013

Qualifications: Bachelor of Science (Civil Engineering) (University of the

Witwatersrand), Graduate Diploma in Engineering (Municipal)

(University of the Witwatersrand).

Experience: 2012-present Principal Engineer, Water Systems, GHD,

Brisbane & Gold Coast. 2011-12 Principal Engineer, Water

Supply and Wastewater Engineering, Gilbert and Sutherland,

Brisbane and Gold Coast. 2008-10 Principal Engineer, Water

Systems Planning Unit, WorleyParsons, Northern Operations.

2001-8 Director, Restor (Africa); Turnkey engineering

solutions in the Non-Revenue Water sector; water and

wastewater systems planning. 1986-2001 Water resources

and infrastructure planning and design engineer, BKS (Pty)

Ltd (now AECOM), South Africa; Graduate Engineer to

Divisional Director.

Responsibilities: Chair, Technical sub-committee and Member, Business sub-

committee.


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SEDDON, Julia


Qualifications: Masters Environment and Business Management (University

of Newcastle), Bachelor of Applied Science (Environmental

Assessment and Management) (University of Newcastle).

Experience: 2015-present Head of Business Sustainability, Inghams

Enterprises. 2008-2015 Group Environment Manager,

Inghams Enterprises Pty Limited. 2006-8 Environment

Manager, Inghams Enterprises Pty Limited. 2000-6

Environmental Engineer, Inghams Enterprises Pty Limited.

1998-2000 Environmental Planning Officer, Major

Development Unit, NSW Department of Urban Affairs and

Planning; and Environmental Planning Officer, Hunter and

Central Coast, NSW Department of Urban Affairs and

Planning.

Responsibilities: Deputy Chair, WSA Limited Board and Member, Business

sub-committee and Governance sub-committee.

WATERSON, David

Appointed 14th September 2011

Qualifications: Bachelor of Science (Hons) (University of Melbourne),

Bachelor of Science (Education) (University of Melbourne),

Graduate Diploma in Computing (RMIT).

Experience: 2011-present Principal, Energised Projects with a focus on

implementing Government policy reforms in the energy

industry. 2009-11 Executive General Manager, Information

Management & Technology, AEMO. 2007-9 General

Manager, Development and Strategy, NEMMCO. 2005-7

Head of Wholesale Market Development, NEMMCO. 1997-

2005 Head of Information Services, NEMMCO.

Responsibilities: Chair, Governance sub-committee and Member, Business

sub-committee.

15

WATER STEWARDSHIP AUSTRALIA LIMITED

ACN 143 616 764

DIRECTORS’ DECLARATION

The directors of the company declare that:

1. The financial statements and notes as set out on pages 16 to 24 are in accordance

with the Corporations Act 2001:

(a) comply with Accounting standards and Corporations Regulations 2001; and

(b) give a true and fair view of the financial position as at 30 June 2015 and of the

performance for the year ended on that date of the company.

2. In the directors’ opinion, there are reasonable grounds to believe that the company

will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

Jamie Pittock (Dr)

Director

Dated this 18th of November, 2015

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WATER STEWARSHIP AUSTRALIA LIMITED

ACN 143 616 764

BALANCE SHEET

AS AT 30 JUNE 2015

Note 2015 2014

$ $

CURRENT ASSETS

Cash assets 4 338,268 26,449

Receivables & Prepayments 5 45,180 13

TOTAL CURRENT ASSETS

383,448

26,462

NON CURRENT ASSETS 6 - -

TOTAL ASSETS

383,448

26,462

CURRENT LIABILITIES

Payables 7 60,080 13,790

TOTAL CURRENT LIABILITIES

60,080

13,790

TOTAL LIABILITIES

60,080

13,790

NET ASSETS

323,368

12,672

EQUITY 8

Retained surplus 9 323,368 12,672

TOTAL EQUITY

323,368

12,672

The accompanying notes form part of these financial statements

17


ACN 143 616 764

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2015

Note

2015

2014

$ $

Revenue from ordinary activities 2 391,048 32,863

Expenses 3

Administration expenses (35,029) (14,980)

Consultancy (42,123) (12,485)

Employee (3,200) (8,892)

Net surplus(deficit) from ordinary activities 9

310,696

(2,494)


18


ACN 143 616 764

STATEMENT OF CHANGES IN EQUITY


$

Accumulated

Funds

Balance as at 1 July 2014 12,672

Surplus (Deficit) for the year

310,696

Less Income Tax Expense

-

Surplus (Deficit) for the year

310,696

Balance as at 30 June 2015

323,368


19


ACN 143 616 764

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 June 2015

2015 2014

$ $

Cashflow From Operating Activities:

Cash receipts in the course of operations

245,881

33,762

Cash payments in the course of operations (34,062) (33,997)

Net Cash provided by (used in) operating activities

311,819

(235)

Cashflow From Investing Activities:

Net cash provided by (used in) investing activities - -

Cashflow From Financing Activities: - -

Net cash provided by (used in) financing activities - -

Net increase (decrease) in cash 311,819 (235)

Cash at the beginning of the financial year 26,449 26,684

Cash at the end of the financial year

338,268

26,449


20


ACN 143 616 764

NOTES TO AND FORMING PART OF THE CASH FLOW STATEMENT


RECONCILIATION OF CASH

Cash at the end of the financial year as shown in the Cash Flow Statement is

reconciled to the related items in the Balance Sheet as follows:-

2015 2014

$ $

Cash deposits with banks

338,268

26,449

338,268

26,449

RECONCILIATION OF CASH FLOW FROM OPERATIONS

WITH OPERATING SURPLUS FROM ORDINARY ACTIVITIES

Operating Surplus (Deficit) 310,696 (2,494)

Changes in Assets and Liabilities

(Increase)/decrease in Receivables (45,167) 899

Increase/(decrease) in Trade Creditors and

Accruals

46,270

1,360

CASH FLOW FROM/(USED IN) OPERATIONS

311,819

(235)


21


ACN 143 616 764

NOTES TO THE FINANCIAL STATEMENTS


Note 1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES

STATEMENT OF COMPLIANCE

The financial report is a general-purpose financial report, which has been

prepared in accordance with the Corporations Act 2001, Accounting

Standards and Interpretations, and complies with other requirements of the

law. Accounting Standards include Australian equivalents to International

Financial Reporting Standards (‘A-IFRS’).

The financial report covers Water Stewardship Australia Limited as an

individual entity. Water Stewardship Australia Limited is a company limited

by guarantee, incorporated and domiciled in Australia.

The financial report has been prepared on an accruals basis and is based on

historical costs and does not take into account changing money values or,

except where stated, current valuations of non-current assets. The following

is a summary of the material accounting policies adopted by the company in

the preparation of the financial report. The accounting policies have been

consistently applied, unless otherwise stated.

(a) Revenue Recognition

Revenue from the rendering of a service is recognised upon delivery of the

service to the customer.

Revenue from sponsorships and grants is recognised when the right to

receive a sponsorship or grant is established.

(b) Income Tax

No Income tax is payable by the company as the Australian Taxation Office

has endorsed the Company for Charity Tax Concessions, and from 1

February 2014 the company is exempt from income tax.

(c) Trade and Other Creditors

These amounts represent unpaid liabilities for services provided to the

company prior to the end of the financial year. The amounts are unsecured.

(d) Cash

For the purposes of the Cash Flow Statement, cash includes cash on hand

and in banks, deposits at call and money market investments which are

readily convertible into cash.

22


ACN 143 616 764



Note 1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (cont)

(e) Goods and Services Tax (GST)

The Company is registered for Goods & Services Tax.

(f) Critical Accounting Estimates and Judgements

The directors’ estimates and judgements incorporated into the financial

report are based on historical results and the best available current

information. Estimates assume a reasonable expectation of future events

and are based on current trends and economic data from internal and

external sources.

(g) Adoption of new and revised Accounting Standards

In the current year, the company has adopted all of the new and revised

Standards and Interpretations issued by the Australian Accounting

Standards Board (the AASB) that are relevant to its operations and effective

for the current annual reporting period.

23


ACN 143 616 764



2015 2014

$ $

Note 2 REVENUES

Revenue from operating activities

Donations 1,200 -

Subscriptions & Training 41,724 10,091

Grant Revenue & Consulting Fees 348,073 22,727

Interest 51 45

Total revenue 391,048 32,863

Note 3 EXPENSES

Administration Expenses

Advertising 3,800 -

Audit, Bookkeeping & Accounting 3,550 3,805

Events 2,523 -

Bank Fees 162 59

Consultancy Fees 42,305 12,485

Conference & Meeting Expenses 1,241 5,339

Sundry 2,765 1,307

Telephone & Internet 1,123 784

Rent 1,519 527

Travel 16,450 1,605

Insurance 1,714 1,554

77,152 27,465

Employee Expenses

Employees 3,200 7,892

3,200 7,892

Note 4 CASH ASSETS

Cash deposits with banks 338,268 26,449

Note 5 RECEIVABLES – CURRENT

Other Debtors & Prepayments - 13

Trade Debtors 45,180 -

45,180 13

Note 6 NON CURRENT ASSETS

Non Current Assets - -

24

Note 7 PAYABLES – CURRENT

Creditors and accruals 26,952 13,790

GST 33,128 -

60,080 13,790

Note 8 MEMBERS' GUARANTEE

The company is limited by guarantee. If the

company is wound up, the Constitution states

that each member is required to contribute $10

each towards meeting any outstanding

obligations of the company.

Note 9 RETAINED EARNINGS

Retained surplus at the beginning of financial

period 12,627 15,166

Net operating surplus(deficit) for period 310,696 (2,494)

Retained surplus 323,368 12,672

Note 10 RELATED PARTY TRANSACTIONS

Directors’ Remuneration

There was no remuneration paid or payable to

the directors of the company.

Note 11 COMPANY DETAILS

The registered office of the company is:

35 Little Victoria Street, FITZROY VIC 3035

Note 12 ECONOMIC DEPENDANCY

A significant portion of untied income is

received from member subscriptions.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WATER STEWARDSHIP AUSTRALIA LIMITED I have audited the accompanying financial report, being a general purpose financial report, of Water Stewardship Australia Limited (the Company), which comprises the balance sheet as at 30 June 2015, the statement of income, statement of changes in equity, cash flow statement for the year then ended, a summary of significant accounting policies, other explanatory notes and the directors' declaration. The Responsibility of the Directors for the Financial Report The directors of the company are responsible for the preparation and fair presentation of the financial report and have determined that the accounting policies described in Note 1 to the financial statements, which form part of the financial report, are appropriate to meet the needs of the members. The directors' responsibility also includes designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. Auditor's Responsibility My responsibility is to express an opinion on the financial report based on my audit. No opinion is expressed to whether the accounting policies used, as described in Note 1, are appropriate to meet the needs of the members of Water Stewardship Australia Limited. I conducted my audit in accordance with Australian Auditing Standards. These Auditing Standards require that I comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance 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 judgment, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those assessments, the auditor considers Internal control relevant to the entity's preparation and fair presentation of the financial report 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 entity's 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. The financial report has been prepared for distribution to members of Water Stewardship Australia Limited. I disclaim any assumption of responsibility for any reliance on this report or on the financial report to which it relates to any person other than the members of Water Stewardship Australia Limited or for any purpose other than that for which it was prepared.

I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion. Independence In conducting my audit, I have complied with the independence requirements of Australian professional ethical pronouncements. Auditor's Opinion In my opinion the financial report of Water Stewardship Australia Limited: (a) gives a true and fair view of the Company’s financial position as at 30 June 2015 and of its performance for the year ended on that date in accordance with the accounting policies described in Note 1; and (b) complies with Australian Accounting Standards to the extent described in Note 1. Barry Hodson FCPA Certified Practising Accountant PO Box 139 Kuranda Qld 4881 Tel: 07 40939770

ASIC registered auditor 1936 Dated 20th.November 2015

Water Stewardship Australia

+61 3 9419 6884

[email protected]

PO Box 184

East Melbourne VIC 8002

waterstewardship.org.au

facebook.com/waterstewardship

twitter.com/WaterStewardAus

linkedin.com/company/water-stewardship-australia-limited

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ANNUAL REPORT 2015 - Water Stewardship Australiawaterstewardship.org.au/.../uploads/2017/09/...Annual-Report-2015.pdf · provision of training programs in New Zealand, ... continue