SUNSHINE COAST HEALTH FOUNDATION Sunshine Coast Health... · • the prescribed requirements of the Financial Accountability Act 2009 and the Financial and Performance Management

SUNSHINE COAST HEALTH FOUNDATION

Sunshine Coast Health Foundation

Annual Report

© Sunshine Coast Health Foundat ion 2019

2018 - 2019

ISSN: 1838-5079

1

Compliance Letter

Chairman's Report

About Wishlist

Table of contents

Agency Objectives & Performance Indicators

Summary of Financial Performance

Our Board of Directors

Our Team & Committees

Events

Glossary

Financial Statements

Independent Auditors Report

Compliance Checklist

Public availability

Page 3

Page 4

Page 6

Page 7-12

Page 13-15

Page 16-19

Page 19-21

Page 22-23

Page 24

Appendix 1

Appendix 2

Appendix 3

This report is available in paper form and online. To obtain a paper copy or copies, please forward your request to our office, details provided below. The on line version of this report and previous years' annual reports can be found at http://www.wish list.org.au/AboutUs/AnnualReportStrategicPlan-143/

Information systems and recordkeeping compliance Information systems, privacy policy and recordkeeping compliance are in accordance with Wishlist's Financial Management Practice Manual that references guidelines of the State of Queensland. Wishlist complies with the Queensland State Archives General Retention and Disposal Schedule for Public Records. Further information on Wish list's record keeping and storage of personal information is available at http://www.wishlist.org.au/ContactUs/PrivacyPolicy-123/

Public Service Values Wishlist's values are consistent with the Queensland Public Service Values i.e. Customers First, Ideas into Action, Unleash Potential, Be Courageous, Empower People, as outlined in the following pages.

Information Licensing This annual report is licensed by the State of Queensland Sunshine Coast Health Foundation under a Creative Commons Attribution (CC BY) 4.0 International licence.

Attribution:

In essence, you are free to copy, communicate and adapt this annual report as long as you attribute the work to the State of Queensland Sunshine Coast Health Foundation. To view a copy of this licence, visit http://creativecommons.org/licenses/bv/4.0

Content from this annual report should be attributed as: The State of Queensland Sunshine Coast Health Foundation Annual Report 2017-2018.

For further information about this document or to contact Wish list: Lisa Rowe Phone: 07 5202 1777 Chief Executive Officer Fax: 07 5202 0422 Wishlist Email: [email protected] PO Box 5340 Website : wishlist.org.au SCMC Qld 4560

The Queensland Government is committed to providing accessible services to Queenslanders from all culturally and linguistically diverse backgrounds. If you have difficulty in understanding the annual report, you can contact us on {07) 5202 1777 and we will arrange an interpreter to effectively communicate the report to you.

© Sunshine Coast Health Foundation 2019 2

4 September 2019

The Honourable Steven Miles MP

Minister for Health and Minister for Ambulance Services

GPO Box 48

BRISBANE QLD 4001

Dear Minister

�·� �-� �t'wishlist

SUNSHINE COAST HEALTH FOUNDATION

I am pleased to submit for presentation to the Parliament the Annual Report 2018-19 and

financial statements for the Sunshine Coast Health Foundation.

I certify that this Annual Report complies with:

• the prescribed requirements of the Financial Accountability Act 2009 and the Financial

and Performance Management Standard 2009, and

• the detailed requirements set out in the Annual report requirements for Queensland

Government agencies.

A checklist outlining the annual reporting requirements can be found at Appendix 3 of this

annual report.

Yours sincerely

Pc B ce i��

Sunshine Coast University Hospital I 6 Doherty Street, Birtinya QLD 4575

P 07 5202 1777 I E [email protected] I wlshllst.org.au

Chairman's Report

This past year has seen our charity direct a large part of its focus to sustainability, while expanding our

resources to provide affordable accommodation to patients and families. Thanks to Mr Andrew Wallace

MP, Member for Fisher and the Hon Greg Hunt, Minister for Health a federal government grant of $12 million will help to achieve both in the next five years.

Project "Liberalitas - The Community Health Hub" is a multimillion-dollar capital campaign that spans five

years and will casts our charity into the development arena and all that, that entails.

This enterprise will diversify our revenue stream beyond that of the Nambour Hospital carpark and provide

an innovative, sustainable, collaborative accommodation facility that also offers a range of services that

support patients and families through a hospital experience. Wishlist sees the potential for revenue

generation, to support our investment in local health services.

Well underway is our fourth project of The House the Coast Built, thanks to Ausmar Homes. This project

will see a six-bedroom, six-bathroom home available to families needing to be within walking distance from

SCUH, by Christmas. The land was purchased by Wishlist with proceeds of Mix FM's Give Me 5 for Kids

2018, and the home is being built by Ausmar Homes and their contractors at a cost to date of $7000. We sincerely thank the team at Ausmar Homes for their incredibly generous support of Wishlist and local

health services.

The charity sector relies heavily on fundraising events and it's an increasingly busy space on the Sunshine

Coast. We continue to work towards alternatives to fundraising event activity and through a number of

initiatives we've created ongoing revenue streams that effectively harness local business interest in our

7,500 families in the Sunshine Coast Hospital and Health Service and call on the community for support

beyond a financial contribution.

Also, for a charity to be in the position of assuring donors that 100 per cent of their gift goes to the cause is

an important point of difference, and one we aim to continue.

Nambour Hospital carpark raised $396,618 in 2018-19 which was a 17 per cent increase on the previous year. This increase is due to the redevelopment currently underway and with the need for contractors to

park on-site for the next three years. We have also had an increase in bed numbers and staffing levels at

Nambour, so we are confident that this revenue will continue to grow.

An app has been developed for WishlistConnect and promises a steady contribution to operational revenue

as supporters and users grow. The app is a welcomed alternative to fund raising events to help our bottom

line.

Our partnership programme achieved a 27.6 per cent growth in revenue this year, plus $9318 in commissions from Sunshine Toyota and Wealth med.

These partnerships with local business also provide countless benefits to time-poor health staff through

onsite opportunities to do business with organisations we trust. We thank Sunshine Toyota, Ausmar

Homes and Wealthmed for their long-term support of Wish list as alliance partners. BOQ Mooloolaba, Best

Western Plus Lake Kawana Hotel, McDermott Aviation, Get Wines Direct and FTA Accounting have helped

our work through corporate partnerships again this year. We welcome new alliance partner BOQ Buderim

and Maroochydore, Eye On It and QuikCorp to the team and thank the Eye On It team for their added

support of the Wish list Spring Carnival. We thank Branding Office for saving us $8 146 in merchandise costs, through their corporate partnership and support of The House the Coast Built over the past year and

Infectious Clothing Company.


92.7Mix FM's Give Me 5 for Kids showcases all the Sunshine Coast is known for every year, and this year's

record tally of $644,127, proved yet again that nowhere gives like the Sunshine Coast. Mix FM's

continued commitment to local health services is our charity's most priceless gift and we couldn't be more

grateful to John Williams, the Mix FM team, the donors and event sponsors who return year after year to

support our sick and injured children. Mix FM is also a major supporter of The House the Coast Built,

and this year's Wish list Fun Run, and so much more. To say we value their support is truly an

understatement.

As with Mix FM, the Sunshine Coast Daily has supported Wishlist for 20 years and provided a beautiful

snapshot of that history in the magazine developed for the 20-year anniversary. The Daily is also a major

supporter of The House the Coast Built, Wishlist Fun Run and Wishlist Spring Carnival, and supports all

Wish list activity through the year.

Net fundraising event activity is down 12.1 per cent, Wishlist Coffee House net revenue up 2.16 per cent

but grant and donation activity down by 65.82 per cent on last year. This is largely due to the exceptional

grant of $330,000 received the year prior from the Children's Hospital Foundation Queensland and a

decrease in general donations including the Woolworths Wall Token Appeal.

I acknowledge the outstanding commitment made by our volunteer board members, some of who stood

down this year. I thank Greg Fahey, Kym Chamley and Lisa Aitken for their respective 17, 11 and eight-year

commitment to the foundation, and acknowledge the great work done by all over the years.

We're honoured to have Australian of the Year for 2017, Professor Emeritus Alan Mackay-Sim, and Dr

Claudia Giurgiuman, Head of the Wesley Institute join the team to review this year's collaborative Wishlist

SERTF research grant round and help guide our research strategy moving forward.

To the volunteers at the Wishlist Coffee House, those who work daily in the Wishlist Office and throughout

our hospitals, the many busy business and community leaders making our fund raising events so successful,

and those keeping the doors open day and night at Reed House, know that you're a pivotal and much

appreciated member of the Wish list team.

Thanks to everyone who gave to Wishlist this year, of their money, time and effort. We hope you'll

continue to be part of the exciting times ahead as we work to continue to support families through a

hospital experience.

May I also say how proud we are of our community and its continued support and generosity to Wishlist,

which helps us to achieve our goal of making a difference for our community.


About Wishlist

The Sunshine Coast Health Foundation (Wishlist) was established in 1998 as a statutory body operating

under the Hospital Foundations Act 1982, now the Hospital Foundations Act 2018. Located in the foyer

of the Sunshine Coast University Hospital, the role of Wishlist is to provide fundraising support to

Sunshine Coast Hospital and Health Services encompassing Nambour, Caloundra, Maleny, Gympie and the

Sunshine Coast University Hospital along with local ancillary health services. Wishlist owns & manages an

accommodation facility for hospital patients and their families and promotes healthy lifestyle initiatives in

our community.

As a statutory body Wishlist is subject to the provisions of the Financial Accountability Act 2009 and

subordinate legislation. Wishlist is audited annually by external auditors. This year our auditors are the

Queensland Audit Office.

Wishlist is endorsed by the Australian Taxation Office as a Deductible Gift Recipient (a Health Promotion

Charity) and an Income Tax Exempt Charity under the Income Tax Assessment Act 1997. Wishlist is also

endorsed for GST (Goods and Services Tax) concessions under a New Tax System (Goods and Services Tax)

Act 1999 (Cth) and it is exempted under the Fringe Benefits Tax Assessment Act 1986 (Cth).

Our Mission

To work in partnership

with the SCH HS and the

communities it serves to

keep Queenslanders

healthy through the

provision of medical

equipment, service

support, education and

research.

Our Vision

To be the community's

charity of choice to support

the Sunshine Coast

Hospital and Health Service

to provide exceptional care

and support

Queenslanders to be

healthier.

Our Values

Wish list will seek to

achieve its mission with

integrity, compassion and

respect as a locally

focused, professional and

innovative Sunshine Coast

charity.

Operating Environment

Wishlist's aim is to direct more $1 million to the needs of the local health service each year, through quarterly grants for equipment, support services, research and staff education.

Wishlist committed $587,027 this year towards medical equipment, services such as the local Clown Doctor service, staff education and research.

Our funding commitment is lower than in previous years, and far short of our $1 million annual target, this is due to the increased rigour around the funding approval process as well as the complexities surrounding

the Private Public Partnership (PPP), funding of equipment, and minor and capital works at the Sunshine

Coast University Hospital.

Due to the redevelopment work at Nambour Hospital, Wishlist's $30,000 Dementia Garden for the Acute

Restorative Care Unit (ARC) was placed on hold. However, an agreement was reached with the Nambour

Hospital Auxiliary to fund this project, and much more, as part of the redevelopment of the Unit. Wish list

will continue to work with the Nambour Hospital team to determine a suitable alternative project to

support local dementia patients.

Work planned at Gym pie Hospital's Emergency Unit is scheduled to commence in the next few months.


No research grant round was offered in the 2018-19 financial year, while our organisation reviewed the

research funding strategy. As a result of that review an Independent Research Advisory Committee (iRAC)

was established to advance Wishlist's research strategy and introduce an additional layer of review to the

research funding approval process. We negotiated with the Study, Education and Research Trust Fund

(SERTF) to collaborate on the 2019-20 research grant round and continue discussions on a collaborative

education scholarship programme in future years.

The budget and operational plan for the 2019-2020 financial year reflects an increase of 2.5 per cent in

revenue generated by the car park at Nambour Hospital, due to the start of the Nambour Hospital

redevelopment. The budget also reflects conservative projections in the areas of partnership,

WishlistConnect and Sunshine Coast Hospital Institute (SCHI) Event Management income.

Wishlist is also focused on providing family accommodation close to Sunshine Coast University Hospital on

land owned by Wish list, through The House the Coast Built.

Wishlist is to receive a $12 million grant from the Federal Department of Health, towards a project -

Liberalitas - The Community Health Hub - to provide subsidised accommodation for patients and families

needing to be close to the Sunshine Coast University Hospital. These funds will be received over the 2021-

23 financial years, although we have requested an advance to enable work to commence on Phase One -

finalising service agreement deliverables and reporting expectations, as soon as possible.

The challenges and risks faced by our Foundation at present include:

• Maintaining our unique point of difference as a charity that sees operational costs covered by

enterprise other than fundraising activity and donations. The net revenue from the Nambour

Hospital car park has increased this year by 17.4 per cent of that of the previous year, and we

continue to work to grow alternative revenue streams to ensure sustainability of the model.

• A highly competitive charity environment on the Sunshine Coast and the potential for donor and

charity event fatigue.

• Developing a strategy to ensure Wish list's work achieves the maximum public benefit.

• Ensuring the sustainability of Reed House, the accommodation centre supporting Nambour

Hospital and SCUH and The House the Coast Built.

• Securing resources to advance the Liberalitas - The Community Health Hub - including land close

to the Sunshine Coast University Hospital, workforce requirements and additional capital funding to

ensure we realise the full potential offered by this facility.

Agency Objectives and Performance Indicators

The Wish list Strategic Plan positively contributes to the following Queensland Government Objectives:

• Supporting Queenslanders to be healthy.

• Give all our children a great start.

• Creating jobs and a diverse economy.

• Be a responsive government.

Our vision to be the community's charity of choice has been achieved. While, supporting the Sunshine

Coast Hospital & Health Services (SCHHS) in keeping Queenslanders healthy,


Hospital foundations across the state play an important role in enabling staff and patients to identify

improvements in local health care.

Wish list directed a total of $587,027 to the funding of medical equipment, research, education and service

support initiatives this year. A rigorous quarterly funding round process sees applications submitted by

frontline health staff for support needed to enhance patient care in their areas.

Additionally, Wishlist directs funds each year to maintaining our 20-room accommodation facility Reed

House, providing affordable accommodation to Queenslanders relying on the services of Nambour Hospital

or the Sunshine Coast University Hospital to support loved ones during a time of crisis.

The House the Coast Built will be complete by Christmas and we will need to ensure the efficient and

effective operation of that two-storey home to ensure a sustainable option for affordable accommodation

remains close to SCUH.

Wishlist Coffee House at Gympie Hospital celebrated six years in operation this year. Every dollar raised

through the enterprise is directed towards essential equipment and services to enhance the service at

Gympie Hospital and towards helping patients to stay in their home town for treatment. This year gross

revenue from Wish list Coffee House increased from $243,659 to $251,908, an increase of 3.39 per cent.

In May this year Wishlist celebrated the WishlistConnect platform becoming an app, launching our charity

as the Coast's tech-savvy charity. Two years after being gifted to Wishlist as an advertiser platform to

connect paying advertisers to Wishlist's supporter base, the app now offers a better user and advertiser

experience. The platform has made a total net profit of $129,718 since inception.

Delivering quality frontline services:

• Supporting Queenslanders to be healthy

As part of our ongoing commitment to the support of local health services, $587,027 was spent on local

health needs in four areas; equipment, service support, education and research.

Total equipment funded this year totalled $206,227, the major equipment purchases included:

Major Equipment Items Purchased Cost

Telehealth Unit for Gympie Hospital Emergency Department $16,325

Lucas resuscitation machine for Cardiac Catheter Lab $21,290

Metaneb respiratory unit for the Paediatric Critical Care Unit (PCCU) $12,024

Soza unit for the early detection of lymphoedema in patients at SCUH $17,100

Soza unit for the early detection of lymphoedema in patients at Gym pie Hospital $8095

Decals In PCCU $14,508

Diabetes Paediatric Equipment -Insulin Pump $8502

C-MAC Video Laryngoscope for the Neonatal Unit at SCUH $16,782

Kanmed Beds & assorted items $11,673

3xPortable ultrasound for Maternity Outreach Clinics $30,000

Gym pie Outreach - Child Development Service (CDS)- Assessment Tools $8065


Total service support this year was $313,652. The major areas of service support funded included:

Service Support Programs Supported Cost

Music Therapy- Dove Palliative Care $32,826

Yoga Therapy $13,200

Wellness Days for SCH HS staff $1226

Cath Lab pro and training $27,384

Glenbrook Sensory Garden $3435

Older Persons Sensory Garden Project $3180

Local hospital epidemiology and molecular characteristics of extended spectrum beta $10,000 lactamase Pall Care Week Memorial service $725

Distribution of service support disbursements relating to prior years were incorrectly included in the current with the adjusted amount of $30,000 reported.

Research Funding:

Much of the research spend this year pertains to research grants acknowledged in previous years. This year we have spent $22,186 of the 2017 commitments and $2272 on Smarty Grants subscriptions. To accurately reflect grant commitments, we now acknowledge research grants only when paid.


Education

This year Wish list approved $44,962 for the education of local health staff from all streams including $5000 which was presented to the winner of this year's Mike Kelly Scholarship, Kathleen Macatiag, from the Extended Day Surgery Unit at SCUH towards a Prostate Nursing Care (Short Course). This year also saw us commit $7920 to fund nine local midwives attending the 2019 "Facts of Life" Lactation Consultant Examination Preparation Course.

Commitments

Commitments totalling $355,882 will be expended over the next twelve months, comprised of $167,953 in Service Support, $24,558 in education, $71,241 in research and $92,130 in equipment. These funds are all held as part of committed funds and are not recognised in the financial statements.

These Commitments include:

Service Support $34,800 towards 12 months Music Therapy Dove Palliative Care $112,845 12 months Clown Doctor visits to Children's Ward 2 days per week $14,400 12 months yoga therapy visits to the Children's Ward $5908 residual payments on mental health sensory garden, Palliative Care Week, social work patient support and final payment on Cath Lab pro licence.

Education $9750 for 13 school-based health nurses to attend Preventure Facilitator Training for children/young people at risk. $2540 towards the 2019 Infection Management Service Professional Development Day $12,290 in various Health staff attending workshops, conferences and post/undergraduate studies

Research Projects spanning between 2014 and 2017 are being finalised over the year ahead with funds from the Education and Research, Child Services, Emergency and ICU funds.

Equipment $15,000 refurbishment of the paediatric unit, Emergency Department at Gym pie Hospital $4000 for wellbeing resouces for the SCUH Adolescent Mental Health Unit $4813 for mobile phone app to remotely monitor blood glucose levels in women with gestational diabetes $31,070 for a 3D radiation therapy printer (thanks to the Qld Community Gambling Benefit Fund) $5000 for resources for hearing impaired patients and visitor (thanks to the Honda Foundation) $6829 for physiotherapy equipment for the Paediatric Critical Care Unit (thanks to the Childrens Hospital Foundation Qld) $4334 balance payment on decals for the Paediatric Critical Care Unit $21,084 towards balance payments on a range of other equipment ordered for hospitals across the Health Service

Redevelopment work at Nambour Hospital forced a halt to Wishlist's $30,000 Dementia Garden for the Acute Restorative Care (ARC) Unit at Nambour Hospital. The rooftop is now designated as the construction corridor for the redevelopment project.

Since work was halted the Nambour Hospital Auxiliary has requested that this garden be incorporated into their project to refurbish the ARC Unit. Wishlist has agreed to this request and is working with the ARC team to identify an alternative project to benefit from the $30,000 raised through Wishlist's Teddy Bears

©Sunshine Coast Health Foundation 2019 10

Picnic in 2017. We are also working with the Blackall Range Woodcrafters Guild to provide a workbench and other distractive and rehabilitative resources to the garden.

Health Promotion:

As a health promotion charity, a large part of the Wish list focus is to keep our community well and out of the hospital system.

Wellness Days on campuses across our Sunshine Coast Health Service, the Sunshine Coast University Hospital Run Club, Nambour Hospital All Staff Sports Club, Wishlist Fun Run 2019 all promote the benefits to keeping active as a key message to supporters.

The SCUH Run Club and Nambour All Staff Sports Club promotes an active lifestyle and encourages a healthy work and lifestyle balance for SCHHS staff. This internal program has been operating for almost three years and now boasts over 23 members. The program was supported by Wishlist through sponsorship, marketing, promotion and staff communications and sees members of staff running or walking as a group twice a week near SCUH and Nambour Hospital campuses, as well as a touch football team at Nambour.

This year marked the second Wishlist Fun Run which occurred on 31 March 2019 at Lake Kawana, thanks to Stockland. The event of more than 400 people raised over $27,000 for Wishlist and encouraged the public and staff to engage in a community health promotion event on a Sunday morning.

Our team attends meetings with the SCHHS Health4Life working group whose aim is to develop a holistic wellness program for over 7500 staff on the Sunshine Coast. By building social capacity and offering staff opportunities to take part in healthy activities, the Health4Life program recognises that good health and wellbeing covers many dimensions including physical, social, work, mental, family, spiritual, and financial, and our activities within this group reflect this diversity.

From this working group the SCHHS Staff Wellness Day initiative began that has seen Wishlist work the SCHHS Human Resources team to direct funding (from partners commission payments) and support to a day of cooking demonstrations, lectures and presentations on healthy lifestyle tips, mindfulness and stress management presentations, giveaways and food tastings. Two events have been held to date on the SCUH campus, and one at Caloundra, with events planned for Maleny, Nambour and Gympie over the next six months.

• Give all our children a great start:

The House the Coast Built Ausmar Homes is working on their third charity home project, that will see a six-bedroom, six bathroom home provided to Wishlist for family accommodation near SCUH. The home will be complete by October and open to families by Christmas. This project further supports Wishlist's work to keep families together during times of crisis.

Wishlist purchased the land at 11 Affinity Place for $431,846 with proceeds of Mix FM's Give Me 5 for Kids 2018.

To date the build project, that is currently at the stage of interior fittings, has cost Wish list $7000.

Juvenile diabetes medical equipment

Wishlist continues to support the Coast's public juvenile diabetes clinics through the purchase of $8502 insulin pump and a $1300 for a Dexcom GS Mobile Receiver funded by the Woolworths Wall Token appeal. Dexcom Monitors are loaned to families for real-time continuous blood glucose monitoring. These monitors were loaned across the SCH HS.


Juvenile Diabetes camps have been held on the Sunshine Coast for years, thanks to the work of Julie Pearson, based at the Gold Coast. Wishlist auspices the funds for these camps and assists with fundraising towards sponsoring children to attend the camps. The Woolworths Wall token appeal has contributed a total of $2188 and The Lions Club of Noosa this year contributed $2000 towards subsidising children's attendance at the camps.

Diversional therapy and play areas for children

The Extended Day Surgery Unit received $2716 towards a play area as well as diversional toys for paediatrics across the Sunshine Coast Health Service.

• Creating jobs and a diverse economy

Music and Yoga Therapy Through community donations, Wish list continues to fund the provision of music therapy and yoga therapy staff at Dove Palliative care and to our Children's Ward. This financial year, Wishlist has funded 15 hours per week for music therapy and two hours per week for yoga therapy, totalling a contribution of over $43 000.

Sunshine Coast Clown Doctors Celebrating their third year on the Sunshine Coast this year, the Sunshine Coast Clown Doctor service sees two 'doctors' bring giggles and smiles to our youngest patients at the Sunshine Coast University Hospital two days each week. This year's $106,254 per annum program was a first on the Sunshine Coast thanks to event fundraising and community donations to Wishlist. The Sunshine Coast Clown Doctor service is sponsored entirely by Wish list.

• Be a responsive government:

Frontline services Wish list improves the efficiencies and skills of SCH HS frontline staff through Wish list Staff Scholarships and Wishlist Project Funding grants. We also engage with TAFE Queensland Sunshine Coast students through business and Wish list event opportunities, as well as university students by way of Wish list internships.

Our partnership with SCHHS volunteers ensures our hospital network is easy to use as volunteers help patients daily find their way to appointments on various wards, and distribute donated quilts, toiletry kits, colouring kits, sensory aprons & pillows and more to areas of our Health Service

Reed House Our accommodation facility, Reed House, offers easier access to SCUH and Nambour Hospital for remote and regional patients, along with a shuttle service operated by Wish list's outstanding volunteers.

Fabio the Frog Our dedicated team of Wish list volunteers has seen the continuation of the Wishlist-funded Fabio the Frog program which allows paediatric patients to share their hospital experience. This collaboration improves delivery of care for patients and their families by providing feedback to medical teams and the SCH HS.

Accommodation A large focus of our work is on providing affordable accommodation options to patients and their families, through Reed House and The House the Coast Built.


Summary of Financial Performance

Operating Income

Car Park Revenue

Less: Car Park Expenses

Net Profit from Car Park

WishlistConnect Revenue

Less: WishlistConnect Expenses

Net Profit from WishlistConnect

SCHI Event Management Revenue

Less: SCHI Event Management

Expenses

Net Profit from SCHI Event

Management

Reed House Revenue

Less: Reed House Expenses

Net Profit from Reed House

Sponsorships/ Alliances

Less Sponsor/ Alliance Event

Attendance

Net Profit from

Sponsorships/ Alliances

Other Income

Interest

Total Operating Income

Less:Employment Expenses

Less:Other Operating Exp

Less:Dep'n & Amort

© Sunshine Coast Health Foundation 2019

Budget This Year Last Year Notes

$ $ $ Over budgeted amount

due increase in staff and

contractors car parking

499,250 524,145 458,528 requirements

Decrease mostly due to

the lower variable

146,859 127,527 120,707 expenses.

352,391 396,618 337,821 Under budget due to

ambitious budget

134,600 90,022 76,571 projections

Under budget due to

19,323 21,302 17,543 exclusion of wages

115,277 68,720 59,028 Under budget due to less

97,000 36,959 73,580 activity than anticipated

Under budget due to less

58,200 24,983 70,949 activity than anticipated


lower occupancy than

122,220 74,175 16,614 anticipated

As above and an increase

117,251 81,478 12,848 in variable expenses


220,500 189,301 148,338 ambitious projections

Lower the anticipated

attendance by Sponsor

5,500 4,000 10,720 and Alliance partners

215,000 185,301 137,618

22,996 13,474 17,544 Other Income

15,301 15,455 32,335 Interest

764,734 684,241 590,743

Over budget due change

in reporting process and

708,098 751,563 712,747 staff changeovers

Under budget due to a

decrease in variable

173,206 122,913 155,535 expenses

104,607 127,481

13

Add:Gains on disposal of assets 8,593 Revaluation on Reed

Add:Gains on revaluation of Assets 60,000 259,959 house

Total Operating Exp 881,304 919,083 727,211

Net Operating Profit/(Loss) 116,570 234,842 136,468

Over Budget due to record Give Me 5 for Kids

Fundraising Income Campaign and increase in staff fund raising and

1,691,213 1,916,009 1,900,501 other events Over budget due to

Less: Fundraising Expenses change in Budget 440,767 605,620 409,539 projections

Net Fundraising Profit/{Loss) 1,250,446 1,310,389 1,490,962

Total Profit/{Loss) 1,133,876 1,075,547 1,354,494

Grant distribution figure was low this year due

Grant Distribution change of Funding process and no Research

870,476 587,027 743,012 Grants for 2018/19

Surplus/(Deficit) 263,400 488,520 611,482


Summary of Financial Performance (continued}

©Sunshine Coast Health Foundation 2019

INCOME 2018-2019 Other -Fundraising,

Staff fund raising, S79, 79s' 3%

$73,344,3%

Wishlist Connect, $90,022,3%

SCHI, $36,959 I 1%

Alliance and Sponsors, $189,301, 7%

eed Charity House, $74,175,3%

Interest, $15,455, 1%

Other-Operational, $13,474,0%

ns and Grants, 239,223,8%

15

Strategic Workforce Planning and Performance Organisational structure

Minister

Wishlist Board Members

Finance, Audit & Risk Management

Committee

Marketin!J & Fundraismg Committee

Project and Funding

Management Co · e

Research Advisory

Committee

Financial Controller Sandra Jackson

Development and Operations Manager

Jeff McColl Events & Fundralslng Manager

Lisa Wilson

Marketing & Communications

Carmen Spencer

Jasmine Hodges

Mikaela Holland

Executive Assistant Tracey Sobey

Administration Officer Carmel Ryan

Jackie Bryan

Events & Marketing Assistant Ashlea Heisner

Coffee House Manager

Richard Ward Assistant Leah Pearson

Our Board

Name Reason for Appointment Type of Appointment Date of Appointment Peter Boyce Peter Boyce was appointed as the Chairman of Wishlist in October 2017, succeeding Chair founding member Mike Kelly. Peter is renowned in the Sunshine Coast community for

his tireless dedication to support local causes. With more than 40 years' experience 24/2/17 - 30/09/22 as a solicitor, Peter has practised in all areas of litigation and has special interests in

criminal law, civil and commercial litigation, retirement village matters, sports law, resumption of land and compensation claims. Peter provides invaluable advice to the Board as a determined advocate for the needs of the Sunshine Coast Hospital and Health Service & pro bono lawyer for Wishlist for more than 15 years.

Kym Chamley Kym is Director of Quality Lifestyle Alliance Inc and has been Deputy Chairman since 2009, bringing 25 years' experience in accounting, human resource and business

26/07 /07 - 30/09/18 management. As a management executive with broad experience in all aspects of (Resigned 30/09/2018) financial management, accounting, IT, training and human resources and experience

in a variety of industries including professional services, property development and real estate, Kym provided invaluable advice to the Board through her role on the FARM Committee.


Cosmo Schuh Board Member

24/02/17 - 30/09/22

Graham Wilkinson Board Member

07 /04/06 - 30/09/19

John Williams Board Member

19/08/16 - 30/09/22

Trudy Fitzgerald Board Member

19/08/16 - 30/09/22

Greg Fahey Board Member

22/01/01 - 30/09/19 (Resigned 30/09/18)

Lisa Aitken Board Member

10/06/10 - 30/09/19 (Resigned 30/09/18)

Having worked as a public accountant in the Gym pie and South East Queensland area for more than 35 years, Cosmo brings audit, accounting and financial expertise to the team. Cosmo has been involved extensively in property development and syndication, financial management, estate planning and strategic management for small to medium business and his strong business presence and knowledge of the Gympie region is helping Wishlist establish a greater presence and network of corporate supporters in Gympie. Cos is a member of the Finance, Audit & Risk Management Committee & major sponsor of Wish list Jazz and Wine Festival

As the Facility Manager, Nambour Hospital, Graham has over 40 years' experience working with Queensland Health and brings his high level of knowledge and experience with Nursing and Midwifery Services and Health Management. He has a diverse resume of appointments in numerous Clinical and Management positions. Graham's experience as Adjunct Professor of University of the Sunshine Coast and previous Adjunct Associate Professor appointments at the Faculty of Nursing and Health at Griffith University and University of Queensland has helped Wishlist progress its support for education, training and research. Graham is a member of the Project and Funding Management Committee and will be nominated for another term as member.

John is the General Manager at Sunshine Coast Broadcasters Pty Ltd and is responsible for all facets of the broadcasting unit, including content, sales, technical, creative, digital and marketing. Engaging with a large number of community groups across the Sunshine Coast, John is a wealth of knowledge to assist in boosting the profile of Wishlist as a charitable organisation. Starting his career in media in 1971, John has headed several successful radio entities, including 4BC Brisbane, 2UW Sydney, Mix FM Sydney and held a director's position with the Australian Radio Network. John is a board member of Wish list and a member of the Wish list Marketing Committee, and a pivotal supporter in his role with Mix FM Give Me Five for Kids fundraising campaign of 20 years.

Trudy is an accomplished sales and marketing executive with over 23 years of diverse experience in the medical industry. Having started as a registered nurse her drive and tenaciousness escalated her career to become a very successful and respected business leader today within the medical industry. The majority of Trudy's career has been with a global medical device NASDAQ listed company EVVV (ev3), where she held various senior executive roles such as International Marketing Director and Asia Pacific Sales and Marketing Director. In 2013 Trudy started Cortex Consulting, a specialised and trusted medical and healthcare consulting company. Drawing from her expertise and industry knowledge, Trudy's is well placed to provide regular advice to Wishlist's Board and CEO.

As a former Maroochy councillor and mayoral contender, Greg Fahey's political experience and contacts has him well-placed to help raise the profile of Wishlist in the community. Greg is also well known in local sporting circles including Sunshine Coast Rugby and as a delegate of the Australian Formula Ford Association . Greg is an active member of many volunteer organisations and he represented Wish list actively at community and business events. Greg was a member of the Project and Funding Management Committee.

As Managing Partner of Aitken Legal, Lisa's experience in general employment law, workplace health and safety and discrimination along with her wealth of experience gained from working for more than 15 years in human resources and industrial relations law means she is perfectly placed to advise Wishlist in the right course of action in complex situations. Lisa is also known for her support of various local charities and tireless efforts within the community. Lisa was a member of the Marketing Committee. Lisa's firm continues to provide Wishlist with pro bono support.


Jenny Madden Jenny has more than 20 years' experience in the government and community sectors

Board Member in the areas of education, health promotion and research. With a significant history in

community engagement particularly in the areas of drug prevention and public

23/11/12 - 30/09/19 health, Jenny has extensive experience in a range of community services within

Australia and South East Asia. In addition to her community development experience,

Jenny has undertaken major research projects in the areas of drug prevention and

addictive behaviours and is well placed to provide regular informal advice to

Wishlist's Board and CEO, particularly in the areas of research and grant writing.

Jenny is a member of the Project & Funding Management Committee.

Anthony Long

Board Member

13/12/18 - 30/09/20

Sue Sara

Board Member

13/12/18 - 30/09/20

Tony Long is passionate about health services on the Coast and particularly passionate

about affordable accommodation options locally. Tony has been working closely with

the CEO on a project to see Wish list provide carers accommodation close to SCUH.

Tony is an urban planner and his experience with Council and building and regional

development will be of benefit to our organisation moving forward.

Sue Sara offers extensive board and executive experience, particularly in the not-for-

profit sector. Her skills in Corporate Social Responsibility, corporate governance,

strategic communications, brand reputation and crisis management are beneficial to

the board.

During the year six meetings of the Board were held.

Name No. Attended Name No. Attended

Peter Boyce 6 Jenny Madden 4

Kym Chamley 2 Cosmo Schuh (Previously Health 4

(resigned 30/09/18) Board rep - appointed as

member 14/12/18)

Trudy Fitzgerald 4 Lisa Aitken

(resigned 30/09/18)

Greg Fahey 1 John Williams 6

(resigned 30/09/18)

Graham Wilkinson 6 Tony Long 3

(appointed 14/12/18)

Sue Sara 2 2

(appointed 14/12/18)

Lorraine Ferguson (Sunshine

Coast Health Board Chair

Became member 14/12/18)

The Role of the Board

Wishlist is governed by a voluntary Board which is responsible for the overall strategic direction of the

organisation, overseeing its operations and establishing policies and procedures. The Board and

management have been entrusted with the responsibility of ensuring that monies provided by donors,

sponsors and the general public are efficiently managed. Board members serve voluntarily and without

remuneration. Directors are appointed by the Governor in Council.

The role of the Board includes:

• Maintaining high levels of accountability to our stakeholders and external regulators.

• Monitoring the performance of the CEO.

• Raising awareness of the organisation within the community.

• Ensuring compliance with statutory, financial, social and corporate governance responsibilities.

• Providing strategic direction and developing, assessing and approving strategies, policies, plans and

budgets.

• Assessing and approving applications for equipment, education, research and service support as

part of our $1 million annual funding commitment to local Queensland health services.

• Monitoring risk and ensuring the presence of adequate risk management controls and reporting

procedures.


• Ensuring Wishlist acts legally, ethically, responsibly and openly.

The Board delegates responsibility for implementing strategies approved by the Board and day-to-day

management to the CEO, Lisa Rowe, who in turn reports to the Board at committee meetings and bi

monthly board meetings. The CEO is responsible for managing the operational aspects of Wishlist and

ensuring compliance with relevant legislation.

Our Team - Workforce Profile

Wish list is an equal opportunity employer offering a workplace free from harassment and discrimination.

Strategic workforce planning is undertaken annually as the budget for the ensuing financial year is

generated. Wishlist is committed to ensuring that fair and effective procedures and processes are

implemented and adhered to for selection and employment of people to meet organisational needs. This

includes defining in advance the roles and work required. A written position description and relevant KPl's

(if applicable) are prepared prior to advertising, interviewing and the selection process.

By promoting a healthy work-life blend and offering flexible work arrangements for employees, Wishlist

have been able to achieve a 25 per cent separation rate for all positions this year.

Assisting the CEO is a team of dedicated staff equating to 9.65 Full Time Equivalent (FTE), consisting:

• a full-time Executive Support Officer, Tracey Sobey• a part-time Financial Controller, Sandra Jackson• a full-time Development and Operations Manager, Jeff McColl

• a part-time Fundraising & Events Manager, Lisa Wilson• a full-time Fund raising & Events Assistant, Ashlea Heisner

• a part-time Communications Officer, Jasmine Hodges• a part-time Marketing Co-ordinator, Carmen Spencer• a part-time Marketing Co-ordinator, Mikaela Holland (WishlistConnect)

• a full-time Administration Officer, Carmel Ryan• a full-time Kiosk Manager, Richard Ward {located at Gympie Hospital); and

• a casual Kiosk Manager, Leah Pearson (located at Gympie Hospital)

Early Retirement, Redundancy and Retrenchment

There were no redundancy, early retirement or retrenchment packages paid during the period.

Public Sector Ethics Act 1994 - Code of Conduct •••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••

Wishlist's Directors, Volunteers and Employees Code of Conduct was endorsed by the Minister for Health

on 20 October 2014, and reviewed and approved by the Wish list Board of Directors at the June 2019 Board

Meeting (April FARM meeting). In accordance with Section 20 of the PSEA all staff, volunteers and Directors

will be given a copy of the Code, and advised of current Wishlist procedures that align with the Protection

from Sexual Exploitation and Abuse and Code of Conduct for the Queensland Public Service. Employment

contracts and performance agreements will be congruent with the ethics priorities outlined in the

Protection from Sexual Exploitation and Abuse and Code of Conduct for the Queensland Public Service.


Our Committees

Finance, Audit & Risk Management (FARM) Committee

The purpose of the Finance, Audit and Risk Management Committee is to oversee the financial aspects of

Wishlist's operations, ensure compliance with all legislative, legal and audit requirements and manage risk

associated with Wishlist's operations. Meetings are held monthly from February to December each year.

The committee adheres to the Hospitals Foundation Act 2018, the Financial Accountability Act 2009, the

Income Tax Assessment Act 1997 and observe the Audit Committee Guidelines.

Scope of the Committee:

To contribute to the management and delivery of Wishlist's operations and ensure compliance with all

legislative, legal and audit requirements the Finance, Audit and Risk Management Committee undertakes

the following:

• Develop Wishlist's strategic plan in accordance with legislative requirements

• Ensure Wishlist's operations are monitored and measured against targets outlined in Wishlist's

strategic plan

• Establish annual budget and operational plan

• Risk assessment and management

• Identify succession plan for board and team

• Annually review all committees "Terms of Reference" for endorsement by the appropriate Chair

and ensuring board operations continuously improve by monitoring the effective operation of the

identified committees.

Membership

Membership is determined by the Wishlist Board and consists of Chair Cos Schuh (Director), Peter Boyce

(Board Chairman), Tony Long (Director), Sandra Jackson (Financial Controller) and Lisa Rowe (CEO).

Project and Funding Management Committee

The purpose of the Project and Funding Management Committee is to provide strategic advice and

recommendations to Wishlist on the allocation of Wishlist's annual funding commitment to the needs of

the Sunshine Coast Hospital and Health Service (SCHHS). The Project and Funding Management Committee

also monitors and guides major projects undertaken by Wishlist. The committee adheres to the strategic

and operational plan of Wish list, and the funding round process which takes into account the priority

needs of the SCHHS. Meetings are held monthly from February to December each year.

Scope of the Committee

To contribute to the management and delivery of Wish list's annual funding commitment the Project and

Funding Management Committee undertakes the following:

• Establish criteria with the SCH HS in relation to Wish list's scope of funding

• Determine Wish list's funding commitment through quarterly funding rounds.

• Provide support with grant identification and stakeholder relationships eg. USC and research

• Manage funding process through to the applicant's final report stage.

• Manage Wishlist's major projects

• Make recommendation to Board on Staff Scholarship and Research Funding Rounds.


Membership Membership is determined by the Wishlist Board and consists of Chair Graham Wilkinson (Director), Jenny Madden (Director), Dr Lorraine Ferguson (Sunshine Coast Hospital and Health Service Board Chair) and Lisa Rowe (CEO).

Marketing and Fundraising Committee

The purpose of the Marketing and Fundraising Committee is to provide strategic advice and recommendations that serve to increase the profile of Wishlist's activities and develop collaborative partnerships with key stakeholders. The committee adheres to the strategic and operational plan of Wishlist. Meetings are held monthly from February to December each year.

Scope of the Committee To contribute to the management and delivery of Wishlist's fundraising and marketing strategy the Marketing and Fund raising Committee undertakes the following:

• Developing and overseeing the fundraising strategy of Wish list • Developing and overseeing the marketing strategy of Wishlist which includes promotion of events

and Wishlist's annual funding commitment • Develop and increase the profile of the Wish list brand • Marketing of Wish list's projects

Membership Membership is determined by the Wishlist Board and consists of Chair John Williams, Sue Sara (Director), Trudy Fitzgerald (Director), Jeff McColl (Development and Operations Manager), Lisa Wilson (Events Manager), Carmen Spencer (Marketing Manager), Jasmine Hodges (Communications Officer) and Lisa Rowe (Wishlist CEO).

Independent Research Advisory Committee

The purpose of the Research Advisory Committee (RAC) is to provide strategic advice and

recommendations to the Wish list Board on the allocation of Wish list's annual research funding.

The Research Advisory Committee will evaluate applications for funding against the eligibility criteria set

out in the Wishlist/SERTF Principles and Criteria and consider the recommendations made by the Sunshine

Coast Hospital and Health Service's Research Clinical Council.

The Research Advisory Committee will assess other research proposals as requested and provide advice on

the feasibility and scientific validity of the proposal.

Scope of the Committee

To contribute to the management and delivery of Wish list's annual funding commitment the Research

Advisory Committee undertakes the following:

• Establish criteria and policy in relation to the effective management of Wish list's research funding • Guide Wishlist's research strategy and help establish suitable evaluation procedure • Make recommendation to the Board on the worthiest research projects, based on Wishlist's

available funding and future philanthropic/fundraising opportunities.

• Provide support with grant identification and stakeholder relationships eg. USC, Griffith University • Manage funding process through to the applicant's final report stage. • Assist and mentor researchers with advice on the submission process, and the project in general

• Make recommendation to Board on the projects deemed most suitable for Wish list funding

Membership

© Sunshine Coast Hea lth Foundation 2019 21

Membership is determined by the Wish list Board. Wishlist's Independent Research Advisory Committee is

comprised of Chair Claudia Guirgiuman PhD (Head of Wesley Institute of Research), Professor Emeritus

Alan Mackay-Sim (Advisor and Professor, Griffith University), Graham Wilkinson, (Director) (DON/Facility

Manager Nambour), Dr Lorraine Ferguson {Chair Sunshine Coast Hospital and Health Board), Lisa Rowe

(CEO).

Internal Audit

None undertaken

External Scrutiny

There have been no external agency reviews or audits conducted on Wish list during the reporting period,

apart from the financial audit which is disclosed in the attached statutory accounts for 2018-2019.

Open Data

$2788 was payed to Burke Consulting Services for the development of a business plan. This support was

required to help identify new commercial revenue opportunities in light of the decrease in revenue of the

Nambour Hospital carpark.

No expenditure on overseas travel and implementation of the Queensland Language Services Policy was

incurred during 2018-2019. Annual reporting requirements for expenditure on consultancies, overseas

travel and government bodies will be published on the Queensland Government Open Data website,

available via: www.data.qld.gov.au.

Events:

• Mix FM's Give Me 5 for Kids - Each year in June the Sunshine Coast community digs deep to

support 92.7 Mix FM's Give Me 5 for Kids {GM5FK) radio appeal. A donation of $644,127 was made

in 2018 which purchased land at 11 Affinity Place for The House the Coast Built project, that will

see a six bedroom, six bathroom home built for emergency family hospital accommodation near

the Sunshine Coast University Hospital.

• The House the Coast Built - Wishlist's fourth charity home project, and third built by Ausmar

Homes, will be a legacy project that serves as emergency accommodation for families needing to

be close to the Sunshine Coast University Hospital. At 30 June the build progress value of the home

was $251,172, and will be complete by October. The six-bedroom, six-bathroom home is being

built on Wish list's land, by Ausmar Homes, for a total cost so far of $7000. At this stage there is no

further cost to Wishlist envisaged by Ausmar, to see the home through to completion.

$14,471 has been raised by Wishlist through an online campaign to support furnishing and set up

costs.

• Rock the District - Wish list hosted a fun-filled evening at Aussie World for Sunshine Coast Hospital

and Health Service employees and Wishlist supporters. This morale-lifting event that showcased

the wealth of talent our Health team has to offer was well attended by more than 600 people -

most being health staff. The event raised $12,856

• Wishlist Jazz & Wine Festival - The third Wishlist Jazz & Wine Festival was held in Gympie in

August 2018 raising $28,289 for a telehealth unit for Gympie Hospital to save patients having to

travel to SCUH for review by specialists. The event was attended by more than 250 people.


• Wishlist Spring Carnival - This annual event held in September 2018 raised $95,788 for The House the Coast Built. More than 500 guests attended Novotel Twin Waters for an afternoon of

fundraising, with emcees Natalie Barr and Mark Beretta.

• Gympie Hospital '150 year' Soiree - This one-off event was held for Gympie Staff and supporters

to celebrate 150 years. Over 200 guests attended Gym pie's '150 year Soiree, raising$ 10,343.

• Sunshine Toyota Exclusive 300 Club Melbourne Cup Charity Luncheon - More than 300

Melbourne Cup revellers - including sporting celebrities and Sunshine Coast business identities

converged on the Wishlist marquee at the Sunshine Coast Turf Club for Sunshine Toyota's Exclusive

300 Club Melbourne Cup Luncheon. $32,213 was raised for The House the Coast Built.

• Christmas Wrapping - More than 150 Sunshine Coast volunteers turned out to 'wrap for Wishlist' at a gift-wrapping stall at Sunshine Plaza in December 2018. The fundraising opportunity raised $15,057 for Wish list which was directed to The House the Coast Built.

• Wishlist Fun Run - Celebrating the 20 year anniversary of Wishlist, an all-inclusive community

event was held at Birtinya featuring a 10km and 5km running course. The event was also a health

promotion activity and raised $27,733 on March 31st, 2019.

• Australian Doctors Orchestra concert - More than 100 doctors from around the country came

together for an afternoon of classical music. It was attended by hospital staff and the community

raising funds for local patients and their families

Grants Received

Grants received this financial year totalled $80 702. The grants included this financial year are listed below:

• Children's Hospital Foundation Queensland grant thanks to the Woolworths Wall Token appeal

contributed $43,148 towards resources to facilitate a Gympie outreach Child Development Serviceprogramme to Gym pie, an insulin pump and diabetes equipment for the Diabetes service, subsidies

for 15 children to attend Diabetes Camps, and $18,425 for a video laryngoscope for Women's and

Families at SCUH• Gambling Community Benefit Fund directed $31,071 to purchase a 3D Radiation Therapy Printer• The Honda Foundation provided $5000 towards resources for the hearing impaired across our

hospitals• The Honda Foundation provided $1483 towards drums for the older persons mental health unit

Volunteers

Wishlist has prioritised volunteer engagement this year to involve community members in the work of our

health foundation. We have recruited several regular volunteers to help with data entry and reception

work on a weekly basis, as well as our successful Fabio the Frog program run entirely by volunteers twice a

week in the Children and Adolescent Department at SCUH.

Manager of Wish list Coffee House, Richard Ward, works with a dedicated team of volunteers to ensure this

enterprise offers more than quality refreshments to visitors and staff. This enterprise raised $144,108 this year alone. His team has delivered a range of "extras' to the Gympie Hospital over the past six years

and will continue to tick items off the hospital wish list for Gym pie families.

SCUH and Nambour Hospital's volunteer team known as "The Sunshiners" are the friendly faces at the

hospital entry to direct people around hospital corridors and distribute trauma teddies to the wards.


Wishlist supports this group by funding an annual Christmas function and the uniforms worn by volunteers across the SCH HS.

Our volunteers include all of Wishlist's board members and those on the organising committees responsible for our largest events. They are all business people committed to making a difference in their local communities. Wishlist would like to acknowledge the hardworking volunteers who run the Wishlist Coffee House and have helped it become such a profitable fund raiser for Gym pie Hospital.

We also thank the Australian Red Cross and Wishlist Reed House volunteers who ensure our impressive accommodation facility, Reed House, provides the best possible home-away-from-home to patients of Nambour Hospital and SCUH, and their families.

Our gratitude also extends to event volunteers and the many dedicated community groups who volunteer hours of their time to knit, sew and create the loveable trauma teddies, blankets and newborn baby sets for the emergency and children's wards at the hospital.

Glossary

CDS Child Development Service CEO Chief Executive Officer FARM Finance, Audit & Risk Management Committee

GM54K Mix FM's Give Me 5 for Kids KPI Key Performance Indicator

M&F Marketing and Fundraising Committee iRAC Independent Research Advisory Committee SE RTF Study Education Research Trust Fund P&FM Project & Funding Management Committee

PSEA Public Service Ethics Act ARC Acute Restorative Care Unit at Nambour Hospital (Dementia Ward) SC-Ko ping Sunshine Coast Koping Network

SCH HS Sunshine Coast Hospital & Health Service

SCUH Sunshine Coast University Hospital

SCHI Sunshine Coast Health Institute PPP Private Public Partnership


Appendix 1 - Financial Statements


Sunshine Coast Health Foundation Known as

WISH LIST

Annual Financial Statements

for the year ended 30 June 2019

Sunshine Coast Health Foundation Annual Financial Statements for the year ended 30 June 2019

Index

Statement of Profit or Loss and Other Comprehensive Income 2

Statement of Financial Position 3

Statement of Changes in Equity 4

Statement of Cash Flows 5

Notes to the Financial Statements 6-25

Management certification and declaration 26

Independent Auditor's Report 27

1

Sunshine Coast Health Foundation Financial Statements for the year ended 30 June 2019

Statement of Profit or Loss and Other Comprehensive Income

Revenue

Operational revenue

Fundraising activities and events

Interest income

Total revenue

Gain on disposal of assets

Gains on revaluation of assets

Total income

Expenses

Operational expenses

Fundraising activities and events expenses

Depreciation

Employee expenses

Other expenses

Distribution of grants and fundraising disbursements

Total expenses

Total comprehensive income

The 2018 year has been restated to reflect corrections. Refer note 22.

2

Notes

2

3

4

5

13

6

7

8

2019

$

928 076

1916 009

15 455

2 859 540

60 ODO

2 919 540

(255 290)

(605 620)

(104 607)

(751563)

(126 913)

(587 027)

(2 431 020)

488 520

Restated

2018

$

791175

1900 501

32 335

2 724 011

8 593

259 959

2 992 563

(222 046)

(409 539)

(127 481)

(712 747)

(166 255)

(743 012)

(2 381080)

611483


Statement of Financial Position Restated Restated

As at 30 June As at 30 June As at 1July 2019 2018 2017

Notes $ $ $

Assets

Current assets

Cash and cash equivalents 9 1830 845 1567 874 1 765101

Trade and other receivables 10 80235 116 625 89 511

Other current assets 11 56 515 80792 44226

Inventories 12 10752 6165 6150

Total current assets 1978 347 1771456 1904 988

Non-current assets

Property, plant and equipment 13 2 691293 2 306 960 2137 391

Total non-current assets 2 691293 2 306 960 2137 391

Total assets 4 669 640 4 078416 4042379

Liabilities

Current liabilities

Trade and other payables 14 129196 252 062 719 320

Accrued employee benefits 15 75 673 67 246 69 844

Other current liabilities 16 248 093 47 785 153 375

Total current liabilities 452 962 367 093 942 539

Non-current liabilities

Accrued employee benefits 15 16 835

Total non-current liabilities 16 835

Total liabilities 469 797 367 093 942 539

Net assets 4199 843 3 711323 3 099 840

Equity

Accumulated surplus 4199 843 3 711323 3 099 840


3


Statement of Changes in Equity

Accumulated surplus Total

$ $

Balance at 1July2017 as previously reported 2 735 628 2 735 628

Increase due to corrections of prior period errors 364 212 364 212

Balance at 1 July 2017 as restated 3 099 840 3 099 840

Profit for the year 611483 611483

Total comprehensive income 611483 611483

Balance at 30 June 2018 as restated 3 711323 3 711323

Balance at 1 July 2018 3 711323 3 711323

Profit for the year 488 520 488 520

Total comprehensive income 488 520 488 520

Balance at 30 June 2019 4199 843 4199 843


4


Statement of Cash Flows Restated

2019 2018 Notes $ $

Cash flows from operating activities

Inflows:

Receipts from operational supplies and services 964 466 764 061

Receipts from fundraising activities 1940 286 1863 935

Interest received 15 455 32335

Outflows:

Employee expenses {726 300) (715 345)

Operational expenses {382 743) {689 319)

Fundraising expenses {405 312) (515130)

Distribution of grants and fundraising disbursements (587 027) {743 012)

All other expenses 7 (111572) (166 257)

Net cash flows provided by/( used in) operations 707 253 (168 732)

Cash flows used in investing activities

Proceeds from sales of property, plant and equipment 9 059

Purchase of property, plant and equipment (444 282) {37 556)

Cash flows used in investing activities {444282) {28497)

Net increase/ (decrease) in cash and cash equivalents 262 971 (197 229)

Cash and cash equivalents at beginning of the year 1567 874 1 765101

Cash and cash equivalents at end of the year 9 1830 845 1567 872


5


Notes to the Financial Statements 2019 2018

1. Basis of financial statement preparation

1.1 General information These financial statements cover the Sunshine Coast Health Foundation known as Wishlist. The financial statements include all income, expenses, assets, liabilities and equity of Wish list. There are no controlled entities.

The Sunshine Coast Health Foundation was established on 23 January 1998 under the former Hospitals Foundations Act (1982), now Hospitals Foundations Act (2018), and is a statutory body. Wishlist is a community based not for profit charity committed to providing equipment, accommodation, training, support programs and research funding to the Sunshine Coast Hospital and Health Service (SCHHS) which incorporates Nambour, Caloundra, Maleny, Gympie public hospitals and the Sunshine Coast University Hospital (SCUH).

The office and principal place of business is Sunshine Coast University Hospital, Doherty Street, Birtinya, QLD, 4575.

The postal address is PO Box 5340, Sunshine Coast Mc, QLD, 4560.

1.2 Compliance with prescribed requirements The financial statements of Wishlist have been prepared in compliance with the Financial Accountability Act 2009; the Financial and Performance Management Standard 2009; the Australian Charities and Not-for-profits Commission Act 2012; and Australian Accounting Standards and Interpretations of the Australian Accounting Standards Board.

Wishiist is a not-for-profit entity and these general purpose financial statements are prepared in compliance with the requirements of Australian Accounting Standards - Reduced Disclosure Requirements and interpretations applicable to notfor-profit entities. These financial statements are prepared on an accrual basis (with the exception of the Statement of Cash Flows, which is prepared on a cash basis).

1.3 Presentation The principal accounting policies applied in the preparation of these financial statements are set out within each relevant note. These policies have been consistently applied to all the years presented, unless otherwise stated.

Currency and rounding Amounts included in the financial statements are in Australian dollars and rounded to the nearest dollar.

Current/non-current classification Assets are classified as 'current' where their carrying amount is expected to be realised within 12 months after the reporting date. Liabilities are classified as 'current' when they are due to be settled within 12 months after the reporting date, or Wish list does not have an unconditional right to defer settlement to beyond 12 months after the reporting date.

All other assets and liabilities are classified as non-current.

Comparatives Comparative information reflects the audited 2017-18 financial statements except where restated for a prior period error as detailed in note 22.

Certain information has been reclassified and/or expanded to better present the results and position of Wishlist and to provide more meaningful information .

6



1.4 Authorisation of financial statements for issue

The financial statements are authorised for iss ue by the Chair, CEO and Member of the Finance Audit and Risk Management Committee at the date of signing the Management Certificate.

1.5 Basis of measurement

The financial statements have been prepared under the historical cost convention, except for the following:.

• Land and buildings which are measured at fair value;

• Provisions expected to be settled more than 12 months after reporting date which are measured at their present value; and

• Inventories which are measured at the lower of cost and net realisable value.

1.6 Taxation

Wishlist is endorsed by the Australian Taxation Office (ATO) as a Deductible Gift Recipient (a Health Promotion Charity) and is exempt from income tax under the Income Tax Assessment Act 1997. It is endorsed for GST (Goods and Services Tax) concessions under a New Tax System (Goods and Services Tax) Act 1999 and is exempted (subject to the thresholds) under the Fringe Benefits Tax Assessment Act 1986.

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. Trade receivables and payables are presented inclusive of GTS.

1.7 Key accounting estimates and judgements

The preparation of financial statements necessarily requires the determination and use of certain critical accounting estimates, assumptions, and management judgements that have the potential to cause a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Such estimates, judgements and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in future periods as relevant.

The most significant estimates and assumptions made in the preparation of the financial statements related to the fair value and depreciation of property, plant and equipment. The valuation of property, plant and equipment necessarily involves estimation uncertainty with the potential to materially impact on the carrying amount of such assets in the next reporting period. Details are set out in note 13.

7



1.8 New and Revised Accounting Standards

New and revised standards applied for the first time as they became effective for financial years commencing on or after 1 July 2018:

AASB 9 Financial Instruments

AASB 9 Financial Instruments was applied for the first time in 2018-19. This standard introduces new categories for the classification of financial assets and new impairment rules that focuses on expected credit losses rather than incurred losses. The new standard does not impact on the classification of Wish list's financial assets (cash and receivables), which will continue to be measured at amortised cost.

The adoptions of AASB9's new impairment model did not result in a receivable loss being recognised. Refer to note 10.

Comparative figures for 2017-18 have not been restated for AASB 9.

Early adoption of Australian Accounting Standards and Interpretations

No accounting pronouncements were early adopted in the 2018-19 financial year.

Voluntary changes in accounting policy

No voluntary changes in accounting policies occurred during the 2018-19 financial year.

2. Operational revenue

Carpark revenue 524145 458 528

Wishlist Connect 90 022 76571

Sunshine Coast Health Institute events 36 959 73 580

Alliance partners sponsorships 189 301 148 338

Reed Charity House 74175 16 614

Other operational revenue 13474 17 544

928 076 791175

Accounting policy

Carpark revenue is recognised as prepaid top-up payments and on the completed delivery of the car parking ser\tice to the customer (which occurs at the point of the customer payment upon existing the car park). All other revenue is recognised on receipt or delivery of service.

8



3. Fundraising activities and events

Donations and grants 239 223 699 794

Wishlist Coffee House at Gympie Hospital 251908 243 660

Fundraising events: Spring Carnival Gala 361592 288 831

Melbourne Cup charity event 174 967 130 010

Gympie Jazz festival 50 496 51418

Fun Run 40 557 38 588

Give Me 5 for Kids 644127 319 203

Staff fundraising 73 344 48 944

Other fundraising and events 70477 69 388

Commission 9 318 10 665

1916 009 1900 501

Accounting policy

Revenue from fundraising activities and events is recognised on the day of the event or when the funds have been received, where Wishlist does not have further obligations to the contributor.

Grants, contributions and donations that are non-reciprocal in nature (i.e. do not require any goods or services to be provided in return) are recognised as revenue in the year in which Wishiist obtains control over the grant/contribution/donation (control is generally obtained at the time of receipt).

4. Operational expenses

Carpark expenses

Wishlist Connect

Sunshine Coast Health Institute events

Reed Charity House

127 527

21302

24 983

81478

255 290

120 707

17 543

70 949

12 847

222046

The Nambour Hospital carpark is leased to the Foundation until 31 December 2020 (with options to extend) and is managed by Point Parking.

5. Fundraising activities and events expenses

Wishlist Coffee House at Gympie Hospital 107 800 102 601

Fundraising events: Spring Carnival Gala 265 804 145 725

Melbourne Cup charity event 142 753 104 441

Gympie Jazz festival 22 207 15 725

Fun Run 12 824 13 756

Other fundraising and events 54 232 27 291

605 620 409 539

9


Notes to the Financial Statements

6. Employee expenses

Employee benefits

Wages and salaries

Annual leave expense

Long service leave expense

Employer superannuation contributions

Other employee benefits

Employee related expenses

Workers' compensation premium

Number of employees

2019 2018

616 456 601252

49 699 40 059

17 241 (1450)

62 033 61206

2 247 7 882

3 887 3 798

751563 712 747

9.65 9.50

The number of employees as at 30 June, including both full-time and part-time employees, are measured on a full-time equivalent basis.

Accounting policy

Short-term employee benefits - wages, salaries, sick leave and annual leave

Wages and salaries due but unpaid at reporting date are recognised in the Statement of Financial Position at the current salary rates. As Wishlist expects such liabilities to be wholly settled within 12 months of reporting date, the liabilities are recognised at undiscounted amounts.

Prior history indicates that on average, sick leave taken each reporting period is less than the entitlement accrued. This is expected to continue in future periods. Accordingly, it is unlikely that existing accumulated entitlements will be used by employees and no liability for unused sick leave entitlements is recognised. As sick leave is non-vesting, an expense is recognised for this leave as it is taken.

A liability has been recognised for employee annual leave arising from services performed at the current salary rates.

Long-term employee benefits - long service leave

Long service leave liabilities are classified and measured as long-term employee benefits as Wishlist does not expect to wholly settle all such liabilities within the 12 months following reporting date.

Long service leave liabilities are presented as current liabilities where Wishlist does not have an unconditional right to defer payment for at least 12 months after the end of the reporting period.

Long service leave liabilities are measured at the present value of the expected future payments to be made to employees. Expected future payments take into account anticipated future wage/salary levels, expected employee departures and periods of ineligible service. These are discounted using market yields on Australian Government bond rates at the end of the reporting period that coincide with the expected timing of estimated future payments.

All directly associated on-costs (e.g. employer superannuation contributions and worker' compensation insurance) are also recognised as liabilities, where these on-costs are material.

Superannuation

Employer superannuation contributions are paid to superannuation funds as nominated by employees. Contributions are expensed in the period in which they are paid or payable.

10



Workers' Compensation Premiums

Wishlist pays premiums to WorkCover Queensland in respect of its obligations for employee compensation. Workers' compensation insurance is a consequence of employing employees, but Is not counted in an employee's total remuneration package. It is not employee benefits and is recognised separately as employee related expenses.

6.1 Key executive management personnel (KMP) disclosures

The following details for key executive management personnel include those positions that had authority and responsibility for planning, directing and controlling the activities of Wishiist during the 2018-19 year.

Wishlist is governed by a voluntary Board which is responsible for the overall strategic direction of the organisation, overseeing its operations and establishing policies and procedures. Directors are appointed by the Governor in Council.

No Board members received or were entitled to receive any fees or disbursements during the year.

Transactions with people/entities related to the Board or key management personnel is disclosed in the related party note (note 19).

Remuneration

The remuneration policy for Wishlist's key executive management personnel is set by the Board. The remuneration and other terms of employment for the key executive management personnel are specified in employment contracts. No KMP remuneration packages provide for performance or bonus payments.

Wish list does not bear any cost of remuneration of the Minister.

The Chief Executive Officer (CEO) is responsible for the efficient, effective and economic administration of Wishiist. The role and remuneration package is in accordance with an employment contract. The current CEO was appointed on 12 March 2002 by the Board.

The remuneration package includes base salary, allowances and leave entitlements earned and expensed for together with provision of a motor vehicle. Long term benefits include long service leave accrued.

Position

2018-19

CEO

2017-18

CEO

Short term employee expenses

Monetary expenses

$

121146

109 301

Nonmonetary expenses

$

2 720

2 720

''longterm

"'e_,i:nplo'/ee ) expenses

$

8 716

3 929

Postemployment

expenses

$

10 800

11039

Termination benefits

$

Total

$

143 382

126 989

The 2018-19 values include adjustments to annual leave and long service leave provisions from a salary increase in June 2019.

11



7. other expenses

Accounting fees 6 000 6 000

Advertising 30 341 48 711

Auditors remuneration - fees 7 062 11500

Bank charges 6 095 5 069

Computer expenses 7 565 19 693

Entertainment 14002 13 059

Gifts 1717 2 473

Insurance 2 906 14 614

Legal expense 256 163

Motor vehicle expense 13047 16 322

Other expenses 8970 13 255

Plant and equipment less than $2000 15 583 477

Printing and stationery 2 062 3 037

Subscriptions 5050 4 751

Telephone and internet 2 940 3 649

Travel 3317 3 482

126 913 166 255

Accounting policy

Total external audit fees quoted in the Queensland Audit Office Interim Report for the financial year 2018-19 was $10 000.

8. Distribution of grants and fundraising disbursements

Equipment

Service support

Education

Research

Accounting policy

206 227

313 652

44 962

22186

587 027

125 733

680146

67 996

(130 863)

743 012

Grants and fundraising disbursements are measured at the amount paid for the goods or services received. Grants and fundraising disbursements are expensed in the period in which they are paid or payable.

The Wishlist Board approve the funding of medical equipment, services, education and research via a rigorous funding round approval process, that begins with the Chief Operating Officer of the SCH HS first endorsing the application.

Wish list pays on receipt of goods and the issuing of an invoice from the SCH HS.

There are some exceptions to this process, such as the Clown Doctor invoice payed quarterly to the Humour Foundation, and the yoga therapist who we also pay directly, and some education costs payed directly to the vendor or to the recipient, on production of a receipt of payment.

12



9. Cash and cash equivalents

Cash on hand

Cash at bank

Cash on deposit

Accounting policy

2019

7 963

539 541

1283 341

1830 845

2018

5 821

934 086

627 967

1567 874

Cash and cash equivalents include all cash and cheques receipted but not banked at 30 June as well as deposits at call with financial institutions.

10. Trade and other receivables

Trade receivables 80 235 116 625

80 235 116 625

Accounting policy

Trade debtors are recognised at the nominal amounts due at the time of sale or service delivery, i.e. the agreed purchase/contract price. Settlement of these amounts is required within 30 days from invoice date. Trade debtors are presented inclusive of GST.

The collectabllity of receivables is assessed periodically with prov1s1on being made for expected credit losses. The loss allowance is estimated based on the probability and timing of potential defaults, and takes into account forecasts of future economic conditions as well as past events. All known bad debts were written-off as at 30 June.

11. Other current assets

Prepaid expenses

Vouchers

Deposits

Accounting policy

56 361

154

56 515

80 542

50

200

80 792

Prepayments consist of various payments that have been made in advance for goods and services to be received in future. Prepayments are measured at amortised cost, and are derecognised when the goods and services to which the prepayment relate have been received.

13



12. Inventories

Wishlist Coffee House - Stock

Wish list Coffee House - Consumables and supplies

Wishlist events - Consumables and supplies

Accounting policy

2019

5117

566

5 069

10752

2018

3 863

576

1726

6165

Inventories are measured at the lower of cost and net realisable value. Net realisable value is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale. The cost of inventories is assigned on a weighted average basis and comprises all costs of purchases, cost of conversion and other costs incurred in bringing the inventories to their present location and condition.

14



13. Property, plant and equipment

Balances at year end and movements for the year

Reconciliation for the year ended 30 June 2019

Balance at 1 July 2018

At cost or fair value

Accumulated depreciation

Net book value

Additions

Depreciation

Revaluation increase

Disposals

Closing balance at 30 June 2019



Net book value

Reconciliation for the year ended 30 June 2018

Balance at 1 July 2017



Net book value

Additions

Depreciation

Revaluation increase

Disposals

Closing balance at 30 June 2018



Net book value

13.2 Revaluation

Land

$

450 000

450 000

431846

881846

881846

881846

430 000

430 000

20 000

450 000

450 000

450 000

Buildings

$

1500 000

1500 000

(60 000)

60 000

1500 000

1560 000

(60 000)

1500 000

1470 000

(139 973)

1330 027

(69 986)

239 959

1500 000

1500 000

1500 000

2019 2018

Plant and equipment Total

$ $

677 355 2 627 355

(320 395) (320 395)

356 960 2 306 960

12 436 444 282

(44 607) (104 607)

60 000

(15 342) (15 342)

309 447 2 691293

663 786 3105 632

(354 339) (414 339)

309 447 2 691293

657 509 2 557 509

(280145) (420 118)

377 364 2137 391

37 556 37 556

(57 494) (127 480)

259 959

(466) (466)

356 960 2 306 960

677 355 2 627 355

(320 395) (320 395) ------

356 960 2 306 960

Reed Charity House, situated at 31 Hospital Road, Nambour, was valued as at 30 June 2018 by Heron Todd White. The date of the valuation report is 17 July 2018 and represents a total market value of $1 950 000 ($450 ODO for Land and $1 500 ODO for the building).

15



The Board has assessed the land and buildings and consider the value to be materially correct at $1 950 000 as at 30 June 2019. As a result, a revaluation adjustment of $60 000 was recognised in the current year.

13.3 Accounting policies

Asset acquisition

Actual cost is used for the initial recording of all non-current physical asset acquisitions. Cost is determined as the value given as consideration plus costs incidental to the acquisition, including all other costs incurred in getting the assets ready for use, including architects' fees and engineering design fees. Assets acquired at no cost or for nominal consideration, are recognised at their fair value at the date of acquisition in accordance with AASB 116 Property, Plant and Equipment.

Items of property, plant and equipment with a cost or other value equal to or in excess of the following thresholds are recognised for financial reporting purposes in the year of acquisition:

Land $1

Buildings

Plant and equipment

$10 000

$2 000

Items with a lesser value are expensed in the year of acquisition. Expenditure is only capitalised if it increases the service potential or useful life of the existing asset. Maintenance expenditure that merely restores original service potential (arising from ordinary wear and tear) is expensed.

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of an item of expense.

Measurement

Plant and equipment is measured at cost.

Land and buildings are measured at fair value as required by Queensland Treasury's Non-Current Asset Policies of the Queensland Public Sector. These assets are reported at their revalued amounts, being the fair value at the date of valuation, less any subsequent accumulated depreciation and accumulated impairment losses where applicable.

The fair value of freehold land and buildings are comprehensively revalued at least every 3 years by an independent valuer. At the end of each intervening reporting period, the Board review the independent valuation and, where appropriate, update the fair value measurement to reflect the current market conditions utilising an appropriate index.

Any revaluation increment arising on the revaluation of an asset is credited to the asset revaluation surplus of the appropriate class except to the extent it reverses a revaluation decrement for the class previously recognised as an expense. A decrease in the carrying amount on revaluation Is charged as an expense, to the extent it exceeds the balance, if any, in the revaluation surplus relating to that asset class.

For assets revalued using a market or income-based valuation approach - accumulated depreciation and accumulated impairment losses are eliminated against the gross amount of the asset prior to restating for the revaluation. This is generally referred to as the 'net method'.

Depreciation expense

Land is not depreciated as it has an unlimited useful life.

16



Buildings and plant and equipment are depreciated on a diminishing value method so as to allocate the revalued amount or net cost of each asset, less its estimated residual value, progressively over its estimated useful life to Wish list. The diminishing value method is used to appropriately match how the assets are used and to better Indicate the decline in value of those assets.

Any expenditure that increases the originally assessed capacity or service potential of an asset Is capitalised and the new depreciable amount is depreciated over the remaining useful life of the asset to Wishlist.

For each class of depreciable asset the following depreciation rates are used:

Buildings 4%

Plant and equipment

14. Trade and other payables

Trade creditors

Sundry creditors

Superannuation payable

GST Payable

Accounting policies

6.66%-25%

74 896

5 661

14185

34 454

129196

202145

551

20 875

28 491

252 062

Accounts payable represent trade creditors that are recognised upon receipts of the goods or services ordered and are measured at the agreed purchase/contract price, gross of applicable trade and other discounts. Amounts owing are unsecured and are generally settled on 30 day terms.

15. Accrued employee benefits

Current liabilities

Wages outstanding 8 978 7 641

Annual leave accrual 36 763 28 820

Long service leave accrual 24 831 24426

Time in Lieu accrual 5101 6 359

75 673 67 246

Non-current liabilities

Long service leave accrual 16 835

16 835

92 508 67 246

Accounting policy - refer note 6.

Long service leave accrual has been allocated to current liabilities for all employees included in the calculation representing more than 10 years of service. All other employees with less than 10 years service have been included as non-current liabilities.

17



16. Other current liabilities

Unearned revenue 123 361 27 050

Accrued expenses 124 732 20 735

248 093 47 785

17. Trust transactions and balances

Cash and cash equivalents 266 659 359182

Trade and other receivables 103 590 174 061

370 249 533 243

GM54K is a campaign run jointly with Southern Cross Austereo (SCA) with funds being received by both Wishlist and SCA. Once the campaign is closed off, Wishlist will transfer the net proceeds to SCA who will then include the net amounts they received and transfer it back to Wishlist as a donation. The funds received prior to the close off of the GM54K campaign is therefore treated as funds held for third party and are not recognised in the financial statements but are disclosed in this note for information for users.

18. Commitments and contingencies

There were no known commitments nor contingencies as at 30 June 2019.

18



19. Related party transactions

The following Board members held office during the year:

Peter Boyce {Chair)

Kym Chamley (Past Deputy Chair)

John Williams (Current Deputy Chair)

Greg Fahey (term ended)

Lisa Aitken (term ended)

Jenny Madden

Cosmo Schuh

Trudy Fitzgerald

Sue Sara

Anthony Long

Graham Wilkinson

Dr Lorraine Ferguson (Chair of Sunshine Coast Hospital and Health Board)

2019 2018

Date appointed Tenure complete

23/02/2017

26/07/2007 30/09/2018

19/08/2016

22/01/2001 30/09/2018

10/06/2010 30/09/2018

23/11/2012

13/12/2018

19/08/2016

13/12/2018

13/12/2018

07/04/2006

13/12/2018

Peter Boyce's firm, Butler McDermott Lawyers, has provide probono legal services to Wishlist for more than ten years. This year certain matters dealt with by this firm incurred only disbursements totalling $959.64.

The firm also acted for Wishlist in the matters of a bequest and a number of general matters. No accounts were rendered for these matters.

The Health Service provides office space for Wishlist on an ongoing basis, on the ground floor of the Sunshine Coast University Hospital. Wishlist also has a lease in place with the Health Service to 1st July 2020, with a five year option, on the management rights of the car park at Nambour Hospital. All funds generated by this enterprise since 2000 have been directed by Wishlist to the foundation's operational costs, and surplus directed to supporting the Health Service. No charges are incurred by Wish list for the office rental nor for the Nambour carpark rental.

Wishlist also received significant probono services from an entity controlled by a Board member in relation to the preparation of workplace employment contracts and general workplace law matters. Aitken Legal did not render any accounts for these matters.

19



20. Financial instruments - Classification and presentation

Financial instruments are classified under Accounting Standard AASB 9 as follows:

Financial assets Cash and cash equivalents

Receivables at amortised cost

Financial liabilities Payables at amortised cost

20.1 Financial risk management

2019

1830 845

80 235

1911080

129 196

2018

1567 874

116 625

1684499

252 062

Wish list's activities expose it to a variety of financial risks - interest rate risk, credit risk, liquidity risk and market risk.

Whilst there is no legislative requirement for Wishlist to undergo an internal audit, Wlshlist's Finance, Audit & Risk Management Committee ensures it minimises the risk of an inadequate internal control framework that may result in possible fraud, irregularities or regulatory non-compliance by way of internal checklists and the review of specific finance related source documentation. Wishlist's Finance, Audit & Risk Management Committee is currently in the process of updating their internal audit related risk management procedures. The update will be completed in line with the Financial Management Practice Manual.

The Board of Wish list invited a review of controls and procedures to be undertaken by the SCH HS Finance Unit in 2017-18 and all recommendations implemented.

20.2 Credit risk exposure Credit risk exposure refers to the situation where Wishlist may incur financial loss as a result of another party to a financial instrument failing to discharge their obligation. The maximum exposure to credit risk at balance date in relation to each class of recognised financial assets is the gross carrying amount of those assets inclusive of any provisions for impairment.

No collateral is held as security and no credit enhancements relate to financial assets held by Wishlist.

Management has a credit policy in place and the exposure to credit risk is monitored on an ongoing basis. Wishlist minimises concentrations of credit risk in so far as its transactions are undertaken with a large number of customers predominantly on cash terms.

At the reporting date, there were no significant concentrations of credit risk.

No financial assets have had their terms renegotiated so as to prevent them from being past due or impaired, and are stated at the carrying amounts as indicated.

20.3 Liquidity risk Liquidity risk refers to the situation where Wishlist may encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset.

Wish list is exposed to liquidity risk in respect of its payables.

20


Notes to the Financial Statements 2019

$ 2018

Wishlist manages liquidity risks through the use of cash and deposits. This aims to reduce the exposure to liquidity risk by ensuring Wishlist has sufficient funds available to meet employee and supplier obligations as they fall due. This is achieved by ensuring minimum levels of cash are held within the accounts so as to match the expected duration of the various employee and supplier liabilities.

The above financial liabilities held by Wishlist are generally payable in less than 12 months. This represents the contractual maturity of the financial liabilities, calculated based on cash flows relating to the repayment of outstanding amounts at balance date.

20.4 Market risk

Wishlist does not trade in foreign currency and is not exposed to commodity price changes. Its cash deposits are in interest bearing accounts. Wishlist does not undertake any hedging in relation to interest rate risk.

20.5 Interest rate sensitivity analysis

The following interest rate sensitivity analysis depicts the outcome to profit and loss if interest rates were to change by+/- 1% from the year-end rates applicable to Wishlist's financial assets and liabilities. With all other variables held constant, Wishlist would have a surplus/(deflcit) and equity increase/(decrease) as indicated below. This is predominantly attributable to Wishlist's exposure to interest rates on its cash deposits.

Cash and cash equivalents

Surplus/( deficit) and Equity increase/( decrease) (+ / -1%)

21. Events after the reporting date

1830 845 1567 874

18 308 15 679

The Board are not aware of any significant events since the end of the reporting period that requires disclosure or adjustment to the financial results presented.

21



22. Prior period errors

In preparation of the 2018-19 financial statements, certain errors were identified for the 2017-18 financial year as well as years preceding the 2017-18 financial year. Comparative numbers reported in the 2017-18 statement of financial position, and at the beginning of the comparative financial year (1 July 2017) have been restated to correct these errors. The detail of these corrections are included below.

22.1 Revaluation of land and buildings

The Reed Charity House revaluation should have taken all the costs allocated into account. This error resulted in an adjustment of $59 669 (2018: $80 303) to property, plant and equipment on the statement of financial position, $81 682 to asset revaluation in equity and $139 973 on the statement of other comprehensive income.

22.2 Other liabilities

Provision for future expenses were raised for the repairs of Reed Charity House for the building and equipment to the value of $273 000 and $36 220 respectively.

22.3 Cash and cash equivalents and other liabilities

GMS4K is a campaign run jointly with Southern Cross Austereo {SCA) with funds being received by both Wishlist and SCA. Once the campaign is closed off, Wishlist will transfer the net proceeds to SCA who will then include the net amounts they received and transfer it back to Wishlist as a donation . The funds received prior to the close off of the GM54K campaign is raised on behalf of the charity and should have been treated as funds held for third party. This resulted in a reduction of cash and cash equivalents of $395 630, a reduction in trade and other receivables of $174 061 and a reduction of other current liabilities of $569 691.

22.4 Trade receivables on fundraising events

Trade receivables were raised on fundraising events that only occur post year end. These have been adjusted out of the accounts in order to only reflect the unearned revenue and prepaid expenses relating to these events. This resulted in an adjustment of $144 890 on trade receivables, $79 174 on prepaid expenses and $65 716 on unearned revenue.

22.5 Reclassifications on the statement of comprehensive income

Certain reclassifications on the statement of comprehensive income have been made to better present the nature of the expenses.

22.6 Distribution of grants and fundraising disbursements

Distribution of grants and fundraising disbursements relating to prior years were incorrectly included in the current year. These were adjusted to be reflected in the year within which they occur. The adjusted values were $10 834 on equipment, $30 000 on services and support and $94 461 on research. The total impact was $135 295.

22



22.7 Impact of the above prior period errors on the statement of financial position at 1July2017

1July2017

Statement of financial position

Assets

Non-current assets

Property, plant and equipment

Total non-current assets

liabilities

Current liabilities

Trade and other payables

Other current liabilities

Total current liabilities

Equity

Accumulated surplus

22.1

22.6

22.2

Error

23

Published financial

statements

2 217 695

2 217 695

854 615

462 595

1387 055

2 735 628

2019 2018

Correction of error Restated actual

(80 303) 2137 392

(80 303) 2137 392 ------

{135 295) 719 320

(309 220) 153 375 ------

(444 515) 942 540 ------

364 212 3 099 840



2019 2018

22.8 Impact of the above prior period errors on the statement of financial position and statement of comprehensive income for the year ended 30 June 2018

Published financial Correction of

30June 2018 Error statements error Restated actual

Statement of financial position

Assets

Current assets

Cash and cash equivalents 22.3 1963 504 (395 630) 1567 874

Trade and other receivables 22.3 & 22.4 435 576 (318 951) 116 625

Other current assets 22.4 1617 79175 80 792

Total current assets 2 406 862 (635 406) 1771456

Non-current assets

Property, plant and equipment 22.1 2 328 973 (22 013) 2 306 960

Total non-current assets 2 328 973 (22 013) 2 306 960

Liabilities

Current liabilities

Trade and other payables 22.6 387 358 (135 295) 252 063

Other current liabilities 22.2, 22.3 & 22.4 992 411 (944 626) 47 785

Total current liabilities 1447014 (1079 921) 367 093

Equity

Accumulated surplus 22.1 & 22.2 3 207138 504185 3 711323

Asset revaluation 22.1 81682 (81682)

3 288 820 422 503 3 711323

24



Published financial Correction of

30June 2018 Error statements error Restated actual

Statement of comprehensive income

Gain on disposal of assets 22.5 8 593 8 593

Gain on revaluation of assets 22.1 259 959 259 959

Total Income 2 724010 268 553 2 992 563

Depreciation 22.1 57 494 69 987 127 481

Other expenses 22.5 157 662 8 593 166 255

Total expenses 2 302 500 78 580 2 381080

Profit for the year 421510 189 973 611483

Increase in asset revaluation surplus 22.1 50000 (SO 000)

Total comprehensive income 471510 139 973 611483

25

Sunshine Coast Health Foundation Annual Financial Statements for the year ended 30 June 2019

Management certification and declaration

These general purpose financial statements have been prepared pursuant to s.62(1)(a) of the Financial Accountability Act 2009 (the Act), section 43 of the Financial and Performance Management Standard 2009, the Australian Charities and Not-for-profits Commission Act 2012 and other prescribed requirements . In accordance with s.62(1)(b) of the Act and s60.15(2) of the Australian Charities and Not-for-profits Commission Regulation 2013, we certify that in our opinion:

(a) the prescribed requirements for establishing and keeping the accounts have been compiled with in all material respects; and

(b) the financial statements have been drawn up to present a true and fair view, in accordance with prescribed accounting standards and the Australian Charities and Not-for-profits Commission Act 2012, of the transactions of Sunshine Coast Health Foundation for the financial year ended 30 June 2019 and of the financial position at the end of that year; and

(d) there are reasonable grounds to believe the Sunshine Coast Health Foundation Is able to pay all of its debts as and when they become due and payable.

We acknowledge responsibility under section 8 and section 15 of the Financial and Performance Management Standard 2009 for the establishment and maintenance, in all material respects, of an appropriate and effective system if internal controls and risk management processes with respect to financial reporting throughout the reporting period.

MEMBER

Dated: Jcr Df . .Jvo-11,

26

Appendix 2 - Independent Auditors Report


• Queensland • • Audit Office

Better public services

INDEPENDENT AUDITOR'S REPORT

To the Board of Sunshine Coast Health Foundation

Report on the audit of the financial report

Opinion

I have audited the accompanying financial report of Sunshine Coast Health Foundation.

In my opinion, the financial report:

a) gives a true and fair view of the entity's financial position as at 30 June 2019, and its financial performance and cash flows for the year then ended

b) complies with the Financial Accountability Act 2009, the Financial and Performance Management Standard 2009, the Australian Charities and Not-for-profits Commission Act 2012, the Australian Charities and Not-for-profits Commission Regulation 2013 and Australian Accounting Standards - Reduced Disclosure Requirements.

The financial report comprises the statement of financial position as at 30 June 2019, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes to the financial statements including summaries of significant accounting policies and other explanatory information, and the management certificate.

Basis for opinion

I conducted my audit in accordance with the Auditor-General of Queensland Auditing Standards, which incorporate the Australian Auditing Standards. My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Report section of my report.

I am independent of the entity in accordance with the auditor independence requirements of the Australian Charities and Not-for-profits Commission Act 2012 and with the ethical requirements of the Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to my audit of the financial report in Australia. I have also fulfilled my other ethical responsibilities in accordance with the Code and the Auditor-General of Queensland Auditing Standards.

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

Other matter

The financial report for the Sunshine Coast Health Foundation for the year ended 30 June 2018 was audited by another auditor who expressed an unmodified opinion on that financial report on 21August2018.

As part of our audit of the 2019 financial report, we also audited the adjustments described in Note 22 that were applied to amend the 2018 financial report. In our opinion, such adjustments are appropriate and have been properly applied. We were not engaged to audit, review, or apply any procedures to the 2018 financial report of the entity other than with respect to the adjustments and, accordingly, we do not express an opinion or any other form of assurance on the 2018 financial report taken as a whole.


Better public services

Responsibilities of the Board for the financial report

The Board is responsible for the preparation of the financial report that gives a true and fair view in accordance with the Financial Accountability Act 2009, the Financial and Performance Management Standard 2009, the Australian Charities and Not-for-profits Commission Act 2012, the Australian Charities and Not-for-profits Commission Regulation 2013 and Australian Accounting Standards - Reduced Disclosure Requirements, and for such internal control as the Board determines is necessary to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error.

The Board is also responsible for assessing the entity's ability to continue as a going · concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless it is intended to abolish the entity or to otherwise cease operations.

Auditor's responsibilities for the audit of the financial report

My objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report.

As part of an audit in accordance with the Australian Auditing Standards - Reduced Disclosure Requirements, I exercise professional judgement and maintain professional scepticism throughout the audit. I also:

• Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for my opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for expressing an opinion on the effectiveness of the entity's internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the entity.

• Conclude on the appropriateness of the entity's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the entity's ability to continue as a going concern. If I conclude that a material uncertainty exists, I am required to draw attention in my auditor's report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify my opinion. I base my conclusions on the audit evidence obtained up to the date of my auditor's report. However, future events or conditions may cause the entity to cease to continue as a going concern.


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• Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

I communicate with the Board regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit.

Report on other legal and regulatory requirements

In accordance with s.40 of the Auditor-General Act 2009, for the year ended 30 June 2019:

a) I received all the information and explanations I required.

b) In my opinion, the prescribed requirements in relation to the establishment and keeping of accounts were complied with in all material respects.

Charles Strickland as delegate of the Auditor-General

30 August 2019

Queensland Audit Office Brisbane

Appendix 3 - Compliance Checklist

Summary of requirement . Basis for requirement Annual report reference

Letter of . A letter of compliance from the accountable ARRs - section 7 3 compliance officer or statutory body to the relevant Ministerls

Accessibility • Table of contents AR Rs - section 9. 1 2 & 24

• Glossary

• Public availability ARRs - section 9.2 2

. Interpreter service statement Queensland Government 2 Language Services Policy

ARRs - section 9.3

• Copyright notice Copyright Act 1968 2

ARRs - section 9.4

. Information Licensing QGEA - Information Licensing 2

ARRs - section 9.5

General • Introductory Information ARRs - section 10. 1 6 information

• Machinery of Government changes ARRs - section 10.2, 31 and 32 (not applicable)

. Agency role and main functions ARRs - section 10.2 7-8

• Operating environment ARRs - section 10.3 6-7

Non-financial • Government's objectives for the community ARRs - section 11 .1 11-12 performance

• Other whole-of-government plans I specific ARRs - section 11.2 11-12 initiatives

• Agency objectives and performance indicators ARRs - section 11.3 11-12

• Agency service areas and service standards ARRs - section 11.4 11-12

Financial . Summary of financial performance ARRs - section 12.1 13-15 performance

Governance - • Organisational structure ARRs - section 13.1 16 management and structure . Executive management ARRs - section 13.2 16-19

• Government bodies (statutory bodies and other ARRs - section 13.3 entities)

• Public Sector Ethics Act 1994 Public Sector Ethics Act 1994 19

ARRs - section 13.4

. Queensland public service values ARRs - section 13.5 2

Governance - • Risk management AR Rs - section 14. 1 20-21 risk management and • Audit committee ARRs - section 14.2 20-21 accountability

• Internal audit ARRs - section 14.3 22

• External scrutiny ARRs - section 14.4 22

• Information systems and recordkeeping ARRs - section 14.5 2

. Strategic workforce planning and performance ARRs - section 15.1 16 I ©Sunshine Coast Health Foundation 2018

2

Summary of requirement Basis for requirement Annual report

reference

Governance - • Early retirement, redundancy and retrenchment Directive No.04/18 Early 19 human Retirement, Redundancy and resources Retrenchment

ARRs - section 15.2

• Statement advising publication of information ARRs - section 16 2

Open Data . Consultancies ARRs - section 33.1 hllQs:l/data.gld.gov.au

• Overseas travel ARRs - section 33.2 hllQs://data.ald.gov.au

. Queensland Language Services Policy ARRs - section 33.3 hllQs://data.gld.gov.au

Financial • Certification of financial statements FAA- section 62 26

Statements FPMS - sections 42, 43 and 50

ARRs - section 17.1

• Independent Auditor's Report FAA- section 62

FPMS - section 50

ARRs -section 17.2

FAA Financial Accountability Act 2009

FPMS Financial and Performance Management Standard 2009

ARRs Annual report requirements for Queensland Government agencies

© Sunshine Coast Health Foundation 2018

Documents

SUNSHINE COAST HEALTH FOUNDATION Sunshine Coast Health... · • the prescribed requirements of the Financial Accountability Act 2009 and the Financial and Performance Management