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12 Client Services ANNUAL REPORT 2005 06

To provide a respite service specifi c to the needs of clients and their families

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To provide recreational opportunities for clients

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To provide a therapy for clients

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Senses Foundation Incorporated

CONTENTS

Board of Directors

President’s Report

Chief Executive Offi cers Report

Client Services

Specialist Services

Accommodation Services

Community Services

Thanks to Our Valued Supporters

Teresa Way Awards

Senses Foundation, AHG Golf Day

UDIA Golf Day

ASI Golf Day

Bayswater Bingo

14th Deafblind International World Conference

Financial Statements

PATRONDuring the year Senses Foundation President, Michael Oosterhof was advised that His Excellency Dr. Ken Michael, Governor of Western Australia had accepted patronage of Senses Foundation. We welcome His Excellency to Senses Foundation and thank him for his support.

VICE PATRONMr Peter Holland

Annual Report SponsorsSenses Foundation wishes to acknowledge the generous sponsorship of Marketforce and Edgeforth Printing in the production of this annual report and the clients and families who agreed for their photographs to be used in support of Senses Foundation.

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Michael Oosterhof (DIPL. SOC SC (ECON) PresidentMichael Oosterhof joined the Board in July 2001 and is a long time corporate supporter of Senses Foundation. Michael is the Managing Director of Eastcourt Properties, an investment company specialising in Industrial Property. He is married with two children.

Michael is a member of the Corporate and Client Services Committees of the Board.

Rick Matich AMP (UWA) AIBF (FIN) Vice President and Corporate Committee ChairmanDuring 34 years service with Westpac Banking Corporation, Rick Matich served in a number of senior management and executive positions in Western Australia and New South Wales. Rick is a Director of Matich Marine and a business and financial services consultant. Rick joined the Senses Foundation Board in 2001.

Erwin Roberts BA GRAD DIP

Commercial Committee ChairmanErwin Roberts is a founding partner of Roberts Day, a town planning consultancy which provides a specialist design and statutory planning service to the land development industry throughout Australia.

Erwin joined the Senses Foundation Board in 2002.

James Thom MBA AFAIM AICD Client Services Committee ChairmanJames Thom joined the Senses Foundation Board in 2003. James is a senior public servant in the Department of the Premier and Cabinet. He has a deep knowledge of government and the interface with the not-for-profit sector, having managed policy and strategy development, funding programs and service delivery at both State and Federal levels. He has three sons, one of whom has a disability.

Tracey Cross LLB

Tracey Cross joined the Senses Foundation Board in 1997. She is a solicitor at Freehills, specializing in employee relations law and is a member of the Ministerial Advisory Council for Disability Services. Tracey is an Olympic Gold Medalist representing Australia in swimming at the Sydney 2000 Paralympics.

Tracey is a member of the Client Services Committee of the Board.

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Bill CutlerBill Cutler joined the Senses Foundation Board in January 2005. Bill has a working background of 42 years in banking, including off shore postings in Fiji, Hong Kong, Singapore and London. Bill has held the positions of Deputy Chief Manager London, and Head of Banking Operations Perth.

Bill is a member of the Corporate Committee of the Board.

John Groppoli After serving as partner since 1987, John Groppoli now acts as a Consultant with Deacons and is Managing Director of Milner’s Pty Ltd. Recognised for his expertise in franchising, John also has signifi cant experience in corporate governance, transactional structuring, documentation and negotiation skills.

John is a member of the Corporate Committee of the Board.

Anne BourkeAnne is the Executive Director of the Child and Youth Health Services, Women’s and Children’s Health Service in the West Australian Health Department. She is the most recent appointment to the Board of Senses Foundation being appointed in June 2006.

Anne is a member of the Client Services Committee of the Board.

Craig BillingsCraig Billings is the Managing Director of Marketforce Advertising and Marketing. Highly regarded as one of the industry’s leading strategic retail thinkers, Craig is reknowned for his hands on approach in developing innovative communication strategies and value added initiatives for the Agency’s clients. He joined the Senses Board in late 2005.

Craig is a member of the Commercial and Conference Committees of the Board.

Paul Omodei Resigned December 2005Joanna Carrington Resigned December 2005Danny Murphy Resigned May 2006

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4 ANNUAL REPORT 2005 06

President’s Report

More and better services for our clientsThe successful implementation of our Strategic Plan continues to make in-roads in our quest to provide more and better services to a growing number of clients. This year we have introduced a social work program and extended our physiotherapy, occupational therapy, aged care and respite programs. Under the sound stewardship of our Client Services Senior Manager, Elvira Edwards, and her wonderful team, we expect this trend to continue.

I am pleased to report that Senses has a new home. We have purchased a two level office building of some 1,500 square meters in Burswood. Senses will occupy part of the building and the balance will be leased on commercial terms to generate income. An application for minor improvements and office fit-out for the Senses portion of the building, has been made to LotteryWest.

Our strategy of developing an investment portfolio to provide an on going income stream has been successfully implemented. Our investments this year have generated over $130,000 in dividends.

During the year three members of our Board have retired. I would like to thank Joanna Carrington, Paul Omodei and Danny Murphy for their valuable contribution. They will be greatly missed.

We have also had three additions to the Board. Craig Billings joined in November 2005. As M.D. of a major advertising agency, Craig’s experience in marketing has been invaluable to the organisation. John Groppoli, former partner of Deacons Lawyers, joined the Board in January. He brings a wealth of knowledge in commercial and legal matters as well as vast experience in board protocol. Anne Bourke is Executive Director of Child and Youth Health Services, based at Princess Margaret Hospital. Anne joined the board in June this year. Her professional background and personal interest in children’s health is a welcome addition to the Board.

Throughout the year the Board has worked diligently to provide a high level of direction and corporate governance to Senses Foundation.

I would especially like to thank Ric Matich for his tireless effort over many years as Chair of the Corporate Committee. Together with our Auditors, Mack and Co, he has overseen prudent management of our accounts and corporate governance.

Thank you to the Management team and our Chief Executive Officer Debbie Karasinski for a job well done. My gratitude also, to our corporate and private benefactors and our team of volunteers who give so generously to help us provide a better way of life for our clients.

Michael Oosterhof (DIPL. SOC SC (ECON)

PRESIDENT


























































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Each year is a challenge for charities like Senses Foundation, as we try to generate our own income and provide essential services to our clients. This year, the first year of our Strategic Plan, we had the added challenge of needing to restructure our organisation, more effectively market ourselves, develop new services and develop new ways of generating our income. A challenge indeed!

Our organisational restructure has moved us from the six divisions of Administration, Client Services, Human Resource, Bingo, Finance, and Fundraising and Marketing to three, Commercial, Corporate and Client Services.

The Commercial arm of the organisation is responsible for marketing and income generation; Corporate is responsible for the organisation’s financial and administrative services and for staff recruitment, professional development and training, and Client Services is responsible for the management of all client services programs.

The aim of this restructure was to develop a more efficient organisation and one which ensures that maximum income is directed to client services. Our successes in our client services areas must be the measure of our success as an organisation.

Our desire to increase services, whilst successful overall, was thwarted in some areas simply because we could not secure the personnel required. This was the case for our therapy positions, resulting at the end of the year with one physiotherapy position still not filled; and in our Specialist Communication program, where, after twelve months of advertising, I am delighted to be able to report that another communication specialist, with both speech pathology and education qualifications, will start with Senses in the new year.

Despite these difficulties we have introduced social work and occupational therapy services; expanded our physiotherapy service to assist adolescents and adults, increased our alternatives to employment services and expanded the service we provide to our older clients. We have also reviewed all of our services to take particular account of clients in regional and remote locations throughout the State.

Finally, in the client services area, I believe our staff are more competent and skilled to undertake their jobs having participated in over one thousand hours of training during the year.

On balance – a successful year.

This year I have been delighted by the number of clients and family members who have been prepared to participate in the review of our organisation’s service related procedures. This has added a new dimension to these procedures and definitely improved our service provision and I thank these people sincerely.

Thank you also to our sponsors, donors and volunteers, who provide Senses Foundation with wonderful support; and the 100 Senses Foundation staff, who provide an excellent service to our clients and their families. Without you all, we could not undertake our work.

Finally thank you to the Board of Senses Foundation and in particular our President Michael Oosterhof, for their excellent corporate governance and guidance throughout the year.

Debbie Karasinski M.SC. B.APP SC

CHIEF EXECUTIVE OFFICER

Chief Executive Officer’s Report


























































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Client Services

Many significant changes have taken place in Client Services during the year. In accordance with the Strategic Plan, greater emphasis has been placed on the monitoring of service standards and the effective training of staff; the Client Services Directorate has been restructured; and new roles have been developed with new staff appointed, including a new Client Services Senior Manager.

Standards MonitoringDuring the year, external, independent monitoring was carried out by the Disability Services Commission as a condition of the Funding Agreement between Senses Foundation and the Commission. This involved reviews of almost all services including part of the Accommodation Services, the Specialist Communication Service and the Respite Service. Senses Foundation performed extremely well in these reviews.

In addition Senses Foundation introduced internal monitoring of its service standards and linked its training to its monitoring process.

Staff TrainingThis year saw a major emphasis on the continued training and development of staff. For the first time, Senses Foundation engaged a dedicated Training and Development Coordinator responsible for the development, coordination and provision of training throughout the organisation. A total of 1,113 hours of training was provided in 112 training sessions with all staff participating in some training throughout the year. Some of the primary areas of training included:

Disability Care - A number of care staff participated in training programs for Certificate 3 and Certificate 4 in Disability Care.

Neglect and Abuse - A training program for all staff was conducted to ensure that all staff act in accordance with new Disability Service Standards relating to the neglect and abuse of clients.

Client Medication Management - All staff involved in the provision of medication participated in training in the application of an upgraded medication management system.

Computer Skills - A training program was designed and delivered to all direct care staff.

Manual Handling - A new manual handling program centred round a ‘no lift’ strategy.

Auslan - Sign Language Training - Offered to all staff given the number of clients who use Auslan.

Restructure of ServicesA restructure of Client Services was put in place as part of the Strategic Plan and included the merger of the two target population service streams, Deafblind Specialist Services and Vision Impairment Plus. Client Services was divided across three main areas of service provision:

Accommodation Services;

Specialist Services; and

Community Services.

Accommodation senior staff acknowledge two direct carers who were finalists in the Support Worker Awards.

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Early Childhood Intervention ServiceEarly Childhood Intervention provides therapy to pre-school children. Services are provided either within the home or within a community setting, based upon the goals and needs of the client and their families.

In July 2005, the service became a comprehensive service provider, with the team providing a holistic family-centred service involving all of the health professions.

The service has collaborated on the client’s progress with a variety of persons and agencies ensuring good communication between the many players present in these children’s lives. These have included the Disability Services Commission, Princess Margaret Hospital and orthotic and equipment providers.

Occupational TherapyA new occupational therapy service began during the year and has been available to all clients. The occupational therapist’s focus has been on maximizing the client’s self care, mobility, access around the home and the community, and their need for equipment.

As well as providing a service directly to the client or their family the occupational therapist has worked within the Early Childhood Service, undertaken home visits and provided a consultative service to occupational therapists in remote Western Australia, who are working with Senses Foundation’s clients.

Physiotherapy ServicePhysiotherapy reports and assessments were completed on all clients during the year and reinforced the wide variety of needs and abilities amongst clients. This reinforced the need for fl exibility in service provision and to this end, therapy was provided in client’s homes; at recreational and educational facilities; within the respite setting and at playgroup. Hydrotherapy has also continued throughout the year to promote sensorimotor development.

Social Work ServicesThe Social Work service commenced in the second half of the year off ering counselling, psychotherapy and mediation to clients and their families, along with assistance to obtain social services.

Counselling has covered many issues including grief and loss, relationship issues, coming to terms with disability, parental issues, challenging behaviours, self esteem, protective behaviours, socialization skills, communication skills, community access, mentoring and mediation.

Two innovative programs have been developed to support parents who are also the primary carers of clients. The fi rst of these, called “Pampering Mums Morning Tea”, was a huge success. The mums enjoyed hand massages and nail art, a delicious brunch and a glass of champagne. This proved a wonderful opportunity to share experiences and a laugh, and enjoy a couple hours of well deserved indulgence.

Service Service Hours Number of Clients

Early Childhood Intervention 553 14

Specialist Communication 1463 52

Social Work 335 39

Physiotherapy 673 28

Occupational Therapy 163 30

Total 6,967 200

Throughout the year, the Specialist Services have provided 6,967 hours of service to 200 clients as follows:

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Senses Foundation Incorporated Specialist Services

The second, a “Parents Respite Weekend” will be held early in the new financial year and will include respite, formal workshops, and opportunities for informal networking. This will encourage the development of family networks, facilitate the development of support mechanisms and give support to help maintain personal well-being.

Specialist Communication ProgramDuring the year, the role of Communication Facilitator was developed based on the Canadian ‘Intervenor’ model and four people now work in these key roles as part of the Specialist Communication program.

The Communication Facilitators have enhanced the services being offered in this program with these new staff working with clients in their homes, at work and within the community. Their work has focused on developing and encouraging the use of signing and finger spelling; the introduction of tactile cues and basic orientation and mobility training and the training of other staff who interact with the client.

Six new Individual Communication Guides were completed during the year. Feedback from parents, educators, therapists and service providers confirms that these videos/DVDs are invaluable in ensuring consistent and effective communication for the client.

During the year, the following Training and Resource Development was undertaken.

A total of 74 people participated in ‘Deafblind World’ training sessions provided by the Specialist Communication staff.

The latest training video, ‘We have contact!’ was presented in Kuala Lumpur with feedback confirming that this is a highly valuable training resource particularly in developing countries.

Other training videos, ‘Assume Nothing’ and ‘Where do I begin?’ are also being used in training programs locally, nationally and internationally.


























































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Throughout the year, the Accommodation Service has provided 180,828 hours of service to 49 clients.

Included in the assistance provided as part of the Accommodation Services is support to clients in personal care; preparation of meals; home management and budgeting; shopping; medication management; and access to community activities and recreational pursuits.

The closure of Maycrest in July 2005 and the successful relocation of clients into individual, privately leased apartments in the nearby neighborhood was a significant achievement for the accommodation service. Whilst a number of people were understandably anxious about the ability of clients to cope with these changes, without exception it has proved to be a success. Clients are taking pride in their new-found ability to live with relative independence and much prefer their new lifestyle.

The Accommodation Service has seen considerable personal growth and achievements in many clients throughout the year. One client spoke at a public forum during Deafblind Awareness Week; five clients were assisted to go on a trip, two to the Gold Coast and three to Singapore; and one client became engaged.

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Senses Foundation Incorporated Community Services

Service Service Hours Number of Clients

Respite 2,603 12

Recreation 818 22

Alternatives to employment andPost School Options (PSO)

993 5

Disability Aged Care 11,919 20

Intensive Family Support (IFS) 1,227 2

Total 17,496 60

Throughout the year, the Community Service program has provided 17,496 hours of service to 60 clients as follows:

Respite

The respite program has seen steady growth over the year with a variety of respite options being off ered to clients and their families. These options have included occasional respite, regular weekly respite and overnight respite.

The respite program endeavours to lighten the “carer” load for families, even if for only a short period of time. Each family’s needs are carefully assessed and the respite service takes into account the complex diffi culties of client communication and understands the highly specialised needs of clients.

RecreationEach client’s particular needs or aspirations are taken into account in the recreation program and clients can participate on a weekly or fortnightly basis,or for blocks of time, or infrequently as they wish.As for many of the Senses Foundation services, there is a higher demand for service than there are hours available.

The recreation program has seen some signifi cant individual client successes with clients enjoying pottery classes; building fi tness; participating in knitting classes; participating in social clubs in the community; conducting informal AUSLAN classes; participating in bushwalks and - one of the most popular activities – participating in canoeing.

“She no longer complains of pain, has lost weight and is walking well using a wheeled walker”.

“She is more alert, initiating conversationand demonstrated good memory.”

“He is now requiring less assistance with showering, dressing and grooming”

Disability Aged Care ServicesFunding for this Commonwealth Government Pilot was due to cease in August 2005, received an extension of funding until 30th June 2006, and in May 2006 advise was received that funding would continue to support the pilot’s current clients on a recurrent basis. This will enable the continuationof a program which is making a clear diff erence to those clients participating, and which includes personal care and in-home nursing along with recreational activities within the home and the community.

Recently the Aged Care Assessment Team reassessed all clients in the program and were very impressed with their fi ndings. Some of the comments received included;

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Bequests

Senses Foundation gratefully acknowledges the funds received through the following trusts and bequests.

TrustsMarjorie Helen Parsons Charitable Trust

Marcus & Molly Stone Charitable Trust

BequestsMs Unice Hollands

Ms Florence Jean Ashton

Mr Harold Redcliffe

Mr Ronald William Daniel

Dr Margaret Loman-Hall

Thanks to Our Valued Supporters

Senses Foundation gratefully acknowledges the following organisations for their continued support of both Senses Foundation and individual clients.

DeaconsSenses Foundation acknowledges Deacons who, as Senses Foundation lawyers, have contributed significantly to the work of Senses Foundation throughout the year. This year Deacons made an additional commitment to Senses Foundation and have undertaken to support the Specialist Communication Program through fundraising activities involving both partners and staff.

Senses Foundation wishes to thank all Deacons partners and staff for their support and assistance.

The Western Australian Government

For its support through the following Departments:

Disability Services Commission,

Department of Housing and Works, and

Department of Education and Training.

Lotterywest for organisational and client grants.

Commonwealth Department of Health and Ageing for its contribution to clients who are ageing.

Freehills, for support of the siblings of clients.

Channel 7 Telethon, for support of the families of clients.

Carers WA, for support of the carers of clients.

ACROD, for support through training grants.

Ian Potter Foundation, for support of the research project to identify client need.


























































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Senses Foundation Incorporated Teresa Way Awards

Teresa Way Awards

The Teresa Way Awards are presented annually and recognise a signifi cant contribution to a person or people who are deafblind and their families through;

The 2006 recipients of the Award are:

Jane Cox Jane received a Teresa Way Award for the manner in which she welcomed four children who are deafblind into the Signing Playgroup at the WA Institute for Deaf Education, where she is a Teacher of Deaf and for working collaboratively with the Senses Foundation Communication Facilitators who are supporting the children who are deafblind.

A contribution to the Senses Foundation services for people who are deafblind,

Being a positive role model for people who are deafblind.

Shirley Ciccotosto Shirley received a Teresa Way Award for the highly motivated and very passionate manner in which she has interacted and communicated with children who are deafblind whilst teaching at WA Institute for Deaf Education as a Visiting Teacher for Deafblind.

Michellan Beer Michellan received a Teresa Way Award for her voluntary work within Deafblind Specialist Services, providing invaluable administrative support; preparing training sessions and compiling the GoodVibes newsletter, sent to clients, families and generic agencies associated with the deafblind community.

The Gifting Tree was established in 1993 to recognise a contribution to Senses Foundationof a monetary or “in-kind” donation of $1,500 or more.

Gold Leaf certifi cates were presented at the Senses Foundation 2006 Annual General Meeting, to the following companies and individuals.AHG

The Australian Steel Institute

BAM Creative

MJB&B

Mack & CO

Stan Perron Foundation

Deacons

Mr Tilbrook

Eastcourt Properties

Mr & Mrs Sarich

Ms Margaret Dawbarn

Mr W Isted

Mrs I J Hopkin

Gold Leaves


























































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The 12h Annual Senses Foundation AHG Golf Day attracted more than 30 teams from Perth’s business community to Lake Karrinyup Country Club and raised more than $100,000.

Senses Foundation acknowledges the very special support it receives from AHG for this event and thanks Mr Bob Branchi and Mr Bronte Howson for their personal contribution to the success of the day.

Winning TeamsFirst place on the day went to the Premium Corporation team of Trevor Gosatti, Michael Gosatti, Ray Laurie and Ted Erdman seen here proudly displaying the Perpetual Trophy with His Excellency the Governor, Dr Ken Michael.

Second place went to Industrial Roofing Services with Brad Dyson, Tedd Bendell, Nick D’Angelo and Mike Dyson.

Third place was the Eastcourt team of Michael Oosterhof, Grahame Tuttleby, Jarrod Rendell and Terry Pember

One of the highlights of the day included Trevor Gosatti making a Hole in One on the 8th, when he had been part of the decision to move the Hole in One competition from the 8th ,where it has been on previous Golf Days, to the 17th!


























































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Senses Foundation wishes to thank the following companies and individuals for the success of the day.

Golf Day Team SponsorsAmcom Telecommunications Ltd

AON Risk Services Australia Ltd

Automotive Holdings Group

Castrol Australia Pty Limited

Cedar Woods Properties Pty Ltd

Computercorp Pty Ltd

Cossill & Webley Pty Ltd

Courier Australia

Deacons

Delphi Distributors For Wynn’s WA

Eastcourt Property Group

Ernst & Young

Finbar International Limited

Fortron Insurance Group Limited

Horwath (WA) Pty Ltd

Ibm Australia

Industrial Roofi ng Services

Jardine Lloyd Thompson

LPW Property Group Pty Ltd

Monadelphous Group Limited

Oakvale Capital

Pkf Chartered Accountants

Premium Corporation Pty Ltd

Reynolds & Reynolds

Roberts Day

Sma Consultants Pty Ltd

St George Automotive Finance

Statewest Credit Society

Statewide Oil Distributors

Sunvalley Investments

Swann Insurance (Aust) Pty Ltd

The Laminex Group

The West Australian

Wesco Electrics Ltd

Whelans Survey & Mapping Group Pty Ltd

Williams Electrical Service Pty Ltd

Golf Day Special Gift SupportersAqwa The Aquarium Of West Australia

Australia Post

Australian Nut Processors

AHG

Avon Australia

Barros Laboratories

Bennys Bar & Café

Beverley Soaring Society

Blitz Publications

Bridge Climb

Brinkhaus Jewelers

Bunnings Group Ltd

Celestine Retreat

Channel 7

Cocos Restaurant

Criterion Hotel

Dale Carnegie Training

Dark Zone

David Milne Golf Academy

Denmark Country Club

Denmark Hotel

Dominos Pizza

Drummond Golf

Dux Café Restaurant

Esplanade Hotel Fremantle

Ferngrove Vineyards Estate

Fishbones Seafood Market And Restaurant

Forest Hill Vineyard

Forty One Restaurant

Fremantle Ports

Fun Cats

Gage Roads Brewing Company

Green Machine

Halo Café

Herdsman Lake Tavern

Hopman Cup

Iga Distribution

Il Principe

Jacksons Restaurant

Just Spectacles & Sinico

Mad Fish Charters

Magistic Cruises

Massage Afl oat

Mazzucchelli’s

Meads Mosman Bay & Mead Hospitality

Metropolitan Trophies

Mills Charters

Misty Valley Country Cottages

New Mountain

Nippy’s Fruit Juice Wa

Old Sydney Holiday Inn

Origin Spring Water

Pacifi c Magazines

Palm Grove Supa Golf

Parker & Co Menswear

Perth Mint

Perth Quality Limousines

Perth Vita

Proton Promotions

Ransberg Hospitality

Red Bull Australia

Refl ections South Perth

Rivergods Paddle Adventure

Rockingham Dolphins

Seasons Of Perth

Serene Day Spa & Beauty

Sheraton Perth Hotel

Sydney Aquarium

Sydney Tower & Oztrek

The Cove

The Cut Golf Course

The Gala Restaurant

The Hunters Den

The Olive Tree

The West Australian Ballet

Toronga Zoo

Vagabond Cruises

Valley Of The Giants

Villa Picasso Restaurant

West Australian Symphony Orchestra

Westcoast Jet

Special AcknowledgementsAON Risk Services Australia Ltd

Argyle Diamonds

Esola

Ferngrove Vineyards Estate

Fosters Australia

Inspired Life Total Health Club

Margaret River Chocolate Factory

Meads Mosman Bay And Mead Hospitality

Robert Hitchcock

Vince Garreff a of Mondo Butchers

Ron Olson



























































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The Urban Development Institute of Australia Golf Day

The Urban Development Institute of Australia (UDIA), has selected Senses Foundation as the charitable recipient of their golf day for 2006 and plans are underway for this Golf Day which will be held in November 2006.

The Australian Steel Institute Golf Day

The second ASI Golf day in support of Senses Foundation was run in November 2005. It was a successful event, enjoyed by all who played.

Following the event, ASI presented a cheque for $32,000 to Senses Foundation.


























































SENS0005 2 4/9/06 2:01:43 PM


SENS0005 3 4/9/06 2:01:49 PM

World Acclaimed blind golfer Ron Conway tees off for a great ASI Golf Day.


























































SENS0005 2 4/9/06 2:01:43 PM


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SENS0005 2 4/9/06 2:01:43 PM


SENS0005 3 4/9/06 2:01:49 PM

Bayswater Bingo

Bayswater Bingo made a significant contribution to Senses Foundation’s income again this year.

During the year attempts have been made to reduce the cost of operating the Bingo and to increase the return both to patrons attending Bingo and to Senses Foundation. Senses Foundation sought a number of changes to the Bingo regulations including introducing Jackpot Bingo and increasing the number of Video Lottery Terminals which can be located at a Bingo centre. Senses Foundation has been advised that most of these have been accepted and is hopeful of introducing these changes early in the new financial year.

Marketing

This year saw a concerted effort to raise the Senses Foundation profile within the community. A television campaign was developed; pamphlets were produced and advertisements were placed regularly in the print media.

The television advertisement was developed and sponsored by MJB&B with Senses Foundation staff volunteering as the actors and excellent support being received from all commercial television stations. By the end of the year, free airtime received had reached a value of $103,000.

In the print media, an advertisement was published almost weekly throughout the second half of the year and quarterly in a number of magazines.

Deafblind Awareness WeekThe theme adopted for this year’s annual Deafblind Awareness Week was ‘Celebrating Western Australian Achievements’.

Five people who are deafblind, and the mother of a child who is deafblind, told their inspirational stories at a public forum at the Battye Library. Their stories provided insights into living with deafblindness and raised awareness regarding the impact of deafblindness on the individual and the family.


























































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SENS0005 3 4/9/06 2:01:49 PM


























































SENS0005 2 4/9/06 2:01:43 PM


SENS0005 3 4/9/06 2:01:49 PM

Senses Foundation Incorporated 14th Deafblind International World Conference 2007

14th Deafblind International World Conference 2007

Senses Foundation is hosting the 14th Deafblind International World Conference at the Burswood Convention Centre, from Tuesday 25th to Sunday 30th September 2007. The purpose of the conference is to bring together people associated with the provision of services, support and research in the unique area of “deafblindness” and to encourage shared learning.

Planning is well underway for this exciting event which will see international, national and local health and disability professionals and service providers; world recognised experts in deafblindness; and representatives from the international blind and deafblind communities come to Perth.

The world conference will provide an opportunity to raise awareness of deafblindness; the international experts brought to Perth for the conference, will bring a wealth of information, experience and expertise to the deafblind community in Western Australia; and the conference will enable Senses Foundation to showcase the unique and specialised services that it provides.

Visit the conference website at www.dbiconference2007.asn.au


























































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SENS0005 2 4/9/06 2:01:43 PM


SENS0005 3 4/9/06 2:01:49 PM

Notes


























































SENS0005 2 4/9/06 2:01:43 PM


SENS0005 3 4/9/06 2:01:49 PM


























































SENS0005 2 4/9/06 2:01:43 PM


SENS0005 3 4/9/06 2:01:49 PM


Senses Foundation (Inc)Financial Statements

for the year ended 30 June 2006

Independent Audit Report

Statement by Board of Management

Income Statement

Balance Sheet

Statement of Changes in Equity

Statement of Cash Flows

Notes to and forming part of the Financial Statements2006



22 September 2006

INDEPENDENT AUDIT REPORT

To the Members of Senses Foundation (Inc)

The fi nancial report and directors’ responsibility

The fi nancial report comprises the income statement, balance sheet, statement of changes in equity, statement of cash fl ows, accompanying notes to the fi nancial statements, and the statement by the Board of Management for Senses Foundation (Inc) for the year ended 30 June 2006.

The Board of Management of the Foundation is responsible for the preparation and true and fair presentation of the fi nancial report. This includes responsibility for the maintenance of adequate accounting records and internal controls that are designed to prevent and detect fraud and error, and for the accounting policies and accounting estimates inherent in the fi nancial report.

Audit Approach

We conducted an independent audit in order to express an opinion to the members of the Foundation. Our audit was conducted in accordance with Australian Auditing Standards, in order to provide reasonable assurance as to whether the fi nancial report is free of material misstatement. The nature of an audit is infl uenced by factors such as the use of professional judgment, selective testing, the inherent limitations of internal control, and the availability of persuasive rather than conclusive evidence. Therefore, an audit cannot guarantee that all material misstatements have been detected.

We performed procedures to assess whether in all material respects the fi nancial report presents fairly in accordance with Accounting Standards and other mandatory fi nancial reporting requirements in Australia, a view which is consistent with our understanding of the Foundation’s fi nancial position, and of their performance as represented by the results of its operations and cash fl ows.

We formed our audit opinion on the basis of these procedures, which included:

examining, on a test basis, information to provide evidence supporting the amounts and disclosures in the fi nancial report, and

assessing the appropriateness of the accounting policies and disclosures used and the reasonableness of signifi cant accounting estimates made by the Board of Management.

While we considered the effectiveness of management’s internal controls over fi nancial reporting when determining the nature and extent of our procedures, our audit was not designed to provide assurance on internal controls.

Independence

In conducting our audit, we followed applicable independence requirements of Australian professional ethical pronouncements.

Audit Opinion

In our opinion, the fi nancial report presents fairly in accordance with applicable accounting standards and other mandatory professional reporting requirements in Australia the fi nancial position of Senses Foundation (Inc) and the results of its operations and its cash fl ows for the year then ended.

_____________________________ ______________________________

Mack & Co N. A.Calder, Partner

Chartered Accountants

2nd Floor, 35 Havelock Street

West Perth WA 6005

______________________________ Date

23Senses Foundation Incorporated

Statement by Board of Management

In accordance with a resolution of the Board of Management of Senses Foundation (Inc), we state that:

(a) The accompanying Financial Statements comprising Income Statement, Balance Sheet, Statement of changes in Equity and Statement of Cash Flows, together with notes to and forming part of the Financial Statements have been properly drawn up to give a true and fair view of the company’s fi nancial position as at 30 June 2006 and of their performance for the year ended on that date.

(b) At the date of this statement, there are reasonable grounds to believe that Senses Foundation (Inc) will be able to pay their debts as and when they fall due and payable.

Dated: 22 September 2006

On behalf of the Board:

Rick Matich

Board Member

Chairman, Corporate Committee


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adop

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by t

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n in

the

p

rep

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of t

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rep

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acc

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s ha

ve b

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ntly

ap

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s ot

herw

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stat

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f Pre

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tand

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fina

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in a

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1 J

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.

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ccor

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men

ts o

f AA

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of A

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n Eq

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s to

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nanc

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g St

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rds

, ad

just

men

ts t

o th

e ac

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ting

from

the

int

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n of

A-

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hav

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een

app

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retr

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to 2

005

com

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e fig

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exc

ludi

ng c

ases

whe

re o

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nal

exem

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ns a

vaila

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1 h

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bee

n ap

plie

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acc

ount

s ar

e th

e fir

st fi

nanc

ial s

tate

men

ts

of S

ense

s Fo

unda

tion

to b

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ared

in a

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n eq

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lent

s to

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acco

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set

out

bel

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ave

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n co

nsis

tent

ly a

pp

lied

to a

ll ye

ars

pre

sent

ed.

Sens

es

Foun

datio

n ha

s ho

wev

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lect

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ado

pt t

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xem

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ns a

vaila

ble

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er A

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1 re

latin

g to

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Fina

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trum

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: Dis

clos

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and

Pres

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tion,

and

AA

SB 1

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inan

cial

Inst

rum

ents

: Rec

ogni

tion

and

Mea

sure

men

t.

Reco

ncili

atio

ns o

f the

tra

nsiti

on fr

om p

revi

ous

Aus

tral

ian

GA

AP

to A

-IFRS

hav

e b

een

incl

uded

in N

ote

13 o

f thi

s re

por

t.

Rep

ort

ing

Bas

is a

nd

Co

nven

tio

ns

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finan

cial

rep

ort h

as b

een

pre

par

ed o

n an

acc

rual

s b

asis

and

is b

ased

on

hist

oric

al c

osts

mod

ified

by

the

reva

luat

ion

of s

elec

ted

non-

curr

ent a

sset

s, fi

nanc

ial a

sset

s an

d fin

anci

al li

abili

ties

for w

hich

the

fair

valu

e b

asis

of a

ccou

ntin

g ha

s b

een

app

lied.

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ou

nti

ng

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licie

s

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is o

f Pre

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n o

f fin

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epo

rt

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ou

nd

ing

Off

Item

s in

the

Acc

ount

s an

d N

otes

ther

eto

have

bee

n ro

unde

d off

to th

e ne

ares

t tho

usan

d do

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ess

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ifica

lly s

tate

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ise.

Se

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nd

atio

n I

nc

orp

ora

te

d

Cli

en

t S

erv

ice

s 3

SE

NS

00

05

3

4/9

/0

6 2

:01

:49

PM

26

Se

nse

s F

ou

nd

atio

n I

nc

orp

ora

te

d

Cli

en

t S

erv

ice

s 3

SE

NS

00

05

3

4/9

/0

6 2

:01

:49

PM

No

tes

to a

nd

form

ing

par

t of t

he

Fin

anci

al S

tate

men

ts fo

r ye

ar e

nd

ed 3

0 Ju

ne

2006

(B) I

mp

airm

ent o

f Ass

ets

At e

ach

rep

ortin

g da

te, t

he F

ound

atio

n re

view

s th

e ca

rryi

ng v

alue

s of

its

tang

ible

and

inta

ngib

le a

sset

s to

det

erm

ine

whe

ther

ther

e is

any

indi

catio

n th

at th

ose

asse

ts h

ave

bee

n im

pai

red.

If s

uch

an in

dica

tion

exis

ts, t

he re

cove

rab

le a

mou

nt o

f the

ass

et, b

eing

the

high

er o

f the

ass

et’s

fair

valu

e le

ss c

osts

to s

ell a

nd

valu

e in

use

, is

com

par

ed to

the

ass

et’s

carr

ying

val

ue.

Any

exc

ess

of t

he a

sset

’s ca

rryi

ng v

alue

ove

r its

re

cove

rab

le a

mou

nt is

exp

ense

d to

the

inco

me

stat

emen

t.

Imp

airm

ent t

estin

g is

per

form

ed a

nnua

lly fo

r goo

dwill

and

inta

ngib

le a

sset

s w

ith in

defin

ite li

ves.

Whe

re i

t is

not

pos

sib

le t

o es

timat

e th

e re

cove

rab

le a

mou

nt o

f an

ind

ivid

ual

asse

t, th

e Fo

unda

tion

estim

ates

the

reco

vera

ble

am

ount

of t

he c

ash-

gene

ratin

g un

it to

whi

ch th

e as

set b

elon

gs.

(C) I

nves

tmen

ts

Inte

rest

s in

list

ed a

nd u

nlis

ted

secu

ritie

s ar

e in

itial

ly b

roug

ht to

acc

ount

at c

ost.

Oth

er s

ecur

ities

are

incl

uded

at f

air v

alue

at b

alan

ce d

ate.

Unr

ealis

ed g

ains

/los

ses

on s

ecur

ities

hel

d fo

r sh

ort

term

inve

stm

ent

are

acco

unte

d fo

r as

set

out

in N

ote

(K) (

i) fin

anci

al a

sset

s at

fair

valu

e th

roug

h p

rofit

or l

oss.

Unr

ealis

ed g

ains

/los

ses

on s

ecur

ities

hel

d fo

r lon

g te

rm in

vest

men

t are

acc

ount

ed fo

r as

set o

ut in

Not

e 1

(K) (

iii) a

vaila

ble

for s

ale

finan

cial

ass

ets

(D) P

rop

erty

, Pla

nt a

nd

Eq

uip

men

t

Each

cla

ss o

f pro

per

ty, p

lant

and

equ

ipm

ent

is c

arrie

d at

cos

t or

fair

valu

e le

ss, w

here

ap

plic

able

, any

ac

cum

ulat

ed d

epre

ciat

ion

and

imp

airm

ent l

osse

s.

Pla

nt a

nd

Eq

uip

men

t

Plan

t and

equ

ipm

ent i

s m

easu

red

on th

e co

st b

asis

less

dep

reci

atio

n an

d im

pai

rmen

t los

ses.

The

carr

ying

am

ount

of

pla

nt a

nd e

quip

men

t is

rev

iew

ed a

nnua

lly b

y th

e fo

unda

tion

to e

nsur

e it

is

not i

n ex

cess

of t

he re

cove

rab

le a

mou

nt fr

om th

ese

asse

ts.

The

reco

vera

ble

am

ount

is a

sses

sed

on th

e b

asis

of t

he e

xpec

ted

net c

ash

flow

s th

at w

ill b

e re

ceiv

ed fr

om th

e as

sets

em

plo

ymen

t and

sub

sequ

ent

disp

osal

. Th

e ex

pec

ted

net

cash

flow

s ha

ve b

een

disc

ount

ed t

o th

eir

pre

sent

val

ues

in d

eter

min

ing

reco

vera

ble

am

ount

s.

The

cost

of fi

xed

asse

ts c

onst

ruct

ed w

ithin

the

Foun

datio

n in

clud

es th

e co

st o

f mat

eria

ls, d

irect

lab

our,

bor

row

ing

cost

s an

d an

ap

pro

pria

te p

rop

ortio

n of

fixe

d an

d va

riab

le o

verh

eads

.

Sub

sequ

ent

cost

s ar

e in

clud

ed i

n th

e as

set’s

car

ryin

g am

ount

or

reco

gnis

ed a

s a

sep

arat

e as

set,

as

app

rop

riate

, onl

y w

hen

it is

pro

bab

le th

at fu

ture

eco

nom

ic b

enefi

ts a

ssoc

iate

d w

ith th

e ite

m w

ill fl

ow to

th

e fo

unda

tion

and

the

cost

of t

he it

em c

an b

e m

easu

red

relia

bly

. All

othe

r rep

airs

and

mai

nten

ance

are

ch

arge

d to

the

inco

me

stat

emen

t dur

ing

the

finan

cial

per

iod

in w

hich

they

are

incu

rred

.

Dep

reci

atio

n

The

dep

reci

able

am

ount

of

all

fixed

ass

ets

incl

udin

g b

uild

ings

and

cap

italis

ed l

ease

ass

ets,

but

ex

clud

ing

free

hold

land

, is

dep

reci

ated

on

a st

raig

ht li

ne b

asis

ove

r th

eir

usef

ul li

ves

to t

he e

cono

mic

en

tity

com

men

cing

from

the

time

the

asse

t is

held

read

y fo

r use

.

No

tes

to a

nd

form

ing

par

t of t

he

Fin

anci

al S

tate

men

ts fo

r ye

ar e

nd

ed 3

0 Ju

ne

2006

The

dep

reci

atio

n ra

tes

used

for e

ach

clas

s of

dep

reci

able

ass

ets

are:

Cla

ss o

f Ass

ets

Dep

reci

atio

n R

ate

Build

ings

2.5%

Plan

t and

Equ

iptm

ent

20%

Furn

iture

and

Fitt

ings

20%

Mot

or V

ehic

les

20%

Com

put

er E

quip

men

t40

%

Leas

ehol

d Im

pro

vem

ents

20%

The

asse

ts’ r

esid

ual v

alue

s an

d us

eful

live

s ar

e re

view

ed, a

nd a

djus

ted

if ap

pro

pria

te, a

t eac

h b

alan

ce

shee

t dat

e.

An

asse

t’s c

arry

ing

amou

nt is

writ

ten

dow

n im

med

iate

ly to

its

reco

vera

ble

am

ount

if th

e as

set’s

ca

rryi

ng a

mou

nt is

gre

ater

than

its

estim

ated

reco

vera

ble

am

ount

.

Gai

ns a

nd lo

sses

on

disp

osal

s ar

e de

term

ined

by

com

par

ing

pro

ceed

s w

ith th

e ca

rryi

ng a

mou

nt.

Thes

e ga

ins

and

loss

es a

re in

clud

ed in

the

inco

me

stat

emen

t. W

hen

reva

lued

ass

ets

are

sold

, am

ount

s in

clud

ed in

the

reva

luat

ion

rese

rve

rela

ting

to th

e as

set a

re tr

ansf

erre

d to

reta

ined

ear

ning

s.

(E) B

ing

o In

com

e

Sens

es F

ound

atio

n le

ases

and

man

ages

the

Bays

wat

er B

ingo

Cen

tre.

All

inco

me

of th

e C

entr

e is

b

roug

ht to

acc

ount

as

inco

me

of S

ense

s Fo

unda

tion.

(F) G

ran

ts

All

gran

ts, b

oth

cap

ital a

nd re

venu

e, re

ceiv

ed b

y Se

nses

Fou

ndat

ion

are

bro

ught

to a

ccou

nt a

s re

venu

e.

(G)

Cas

h a

nd

Cas

h E

qu

ival

ents

For p

urp

oses

of t

he s

tate

men

t of c

ash

flow

s, c

ash

incl

udes

dep

osits

at c

all w

hich

are

read

ily

conv

ertib

le to

cas

h on

han

d an

d ar

e su

bje

ct to

an

insi

gnifi

cant

risk

of c

hang

es in

val

ue, n

et o

f ou

tsta

ndin

g b

ank

over

draf

ts.

(H) I

nco

me

Tax

Und

er S

ectio

n 50

-5 o

f the

Inco

me

Tax

Ass

essm

ent A

ct 1

997

the

inco

me

of a

cha

ritab

le in

stitu

tion

is

exem

pt f

rom

inco

me

tax.

(I) G

oo

ds

and

Ser

vice

s Ta

x (G

ST)

Reve

nues

, exp

ense

s an

d as

sets

are

reco

gnis

ed n

et o

f the

am

ount

of G

ST, e

xcep

t whe

re th

e am

ount

of

GST

incu

rred

is n

ot re

cove

rab

le fr

om th

e A

ustr

alia

n Ta

x O

ffice

. In

thes

e ci

rcum

stan

ces

the

GST

is

reco

gnis

ed a

s p

art o

f the

cos

t of a

cqui

sitio

n of

the

asse

t or a

s p

art o

f an

item

of t

he e

xpen

se.

Rece

ivab

les

and

pay

able

s in

the

bal

ance

she

et a

re s

how

n in

clus

ive

of G

ST.

Cas

h flo

ws

are

pre

sent

ed in

the

cash

flow

sta

tem

ent o

n a

gros

s b

asis

, exc

ept f

or th

e G

ST c

omp

onen

t of

inve

stin

g an

d fin

anci

ng a

ctiv

ities

, whi

ch a

re d

iscl

osed

as

oper

atin

g ca

sh fl

ows.

Se

nse

s F

ou

nd

atio

n I

nc

orp

ora

te

d

Cli

en

t S

erv

ice

s 3

SE

NS

00

05

3

4/9

/0

6 2

:01

:49

PM

Se

nse

s F

ou

nd

atio

n I

nc

orp

ora

te

d

Cli

en

t S

erv

ice

s 3

SE

NS

00

05

3

4/9

/0

6 2

:01

:49

PM

Se

nse

s F

ou

nd

atio

n I

nc

orp

ora

te

d

Cli

en

t S

erv

ice

s 3

SE

NS

00

05

3

4/9

/0

6 2

:01

:49

PM

27

No

tes

to a

nd

form

ing

par

t of t

he

Fin

anci

al S

tate

men

ts fo

r ye

ar e

nd

ed 3

0 Ju

ne

2006

(J) C

om

par

ativ

e Fi

gu

res

Whe

n re

quire

d by

Acc

ount

ing

Stan

dard

s, c

omp

arat

ive

figur

es h

ave

bee

n ad

just

ed t

o co

nfor

m t

o ch

ange

s in

pre

sent

atio

n fo

r the

cur

rent

fina

ncia

l yea

r.

(K) F

inan

cial

Inst

rum

ents

Fro

m 1

Ju

ly 2

004

to 3

0 Ju

ne

2005

Sens

es F

ound

atio

n ha

s ta

ken

the

exem

ptio

n av

aila

ble

und

er A

ASB

1 to

ap

ply

AA

SB 1

32 a

nd A

ASB

139

on

ly fr

om 1

Jul

y 20

05.

The

Foun

datio

n ha

s ap

plie

d p

revi

ous

A-G

AA

P to

the

com

par

ativ

e in

form

atio

n on

fina

ncia

l ins

trum

ents

with

in th

e sc

ope

of A

ASB

132

and

AA

SB 1

39.

For f

urth

er in

form

atio

n on

p

revi

ous

A-G

AA

P re

fer t

o th

e an

nual

rep

ort f

or th

e ye

ar e

nded

Jun

e 30

200

5.

Ad

just

men

ts o

n tr

ansi

tio

n d

ate:

1 J

uly

200

5

The

natu

re o

f the

mai

n ad

just

men

ts to

mak

e th

is in

form

atio

n co

mp

ly w

ith A

ASB

132

and

AA

SB 1

39 a

re

that

, with

the

exce

ptio

n of

loan

s an

d re

ceiv

able

s w

hich

are

mea

sure

d at

am

ortis

ed c

ost (

refe

r bel

ow),

fair

valu

e is

the

mea

sure

men

t bas

is.

Fair

valu

e is

incl

usiv

e of

tran

sact

ion

cost

s. C

hang

es in

fair

valu

e ar

e ei

ther

take

n to

the

inco

me

stat

emen

t or a

n eq

uity

rese

rve

(ref

er b

elow

). A

t the

dat

e of

tran

sitio

n (1

Ju

ly 2

005)

cha

nges

to c

arry

ing

amou

nts

are

take

n to

reta

ined

ear

ning

s or

rese

rves

.

Fro

m 1

Ju

ly 2

005

The

Foun

datio

n cl

assi

fies

its in

vest

men

ts in

the

follo

win

g ca

tego

ries:

fina

ncia

l ass

ets

at fa

ir va

lue

thro

ugh

pro

fit o

r los

s, lo

ans

and

rece

ivab

les,

and

ava

ilab

le-f

or-s

ale

finan

cial

ass

ets.

The

cla

ssifi

catio

n de

pen

ds o

n th

e p

urp

ose

for w

hich

the

inve

stm

ents

wer

e ac

quire

d. M

anag

emen

t det

erm

ines

the

clas

sific

atio

n of

its

inve

stm

ents

at i

nitia

l rec

ogni

tion

and

re-e

valu

ates

this

des

igna

tion

at e

ach

rep

ortin

g da

te.

(i) F

inan

cial

ass

ets a

t fai

r val

ue th

roug

h pr

ofit o

r los

s

This

cat

egor

y ha

s tw

o su

b-c

ateg

orie

s; fi

nanc

ial a

sset

s he

ld fo

r tra

ding

, and

thos

e de

sign

ated

at f

air

valu

e th

roug

h p

rofit

or l

oss

on in

itial

reco

gniti

on.

A fi

nanc

ial a

sset

is c

lass

ified

in th

is c

ateg

ory

if ac

quire

d p

rinci

pal

ly fo

r the

pur

pos

e of

sel

ling

in th

e sh

ort t

erm

or i

f so

desi

gnat

ed b

y m

anag

emen

t.

The

pol

icy

of m

anag

emen

t is

to d

esig

nate

a fi

nanc

ial a

sset

if th

ere

exis

ts th

e p

ossi

bili

ty it

will

be

sold

in

the

shor

t ter

m a

nd th

e as

set i

s su

bje

ct to

freq

uent

cha

nges

in fa

ir va

lue.

Ass

ets

in th

is c

ateg

ory

are

clas

sifie

d as

cur

rent

ass

ets

if th

ey a

re e

ither

hel

d fo

r tra

ding

or a

re e

xpec

ted

to b

e re

alis

ed w

ithin

12

mon

ths

of th

e b

alan

ce s

heet

dat

e.

(ii)

Loa

ns a

nd re

ceiv

able

s

Loan

s an

d re

ceiv

able

s ar

e no

n de

rivat

ive

finan

cial

ass

ets

with

fixe

d or

det

erm

inab

le p

aym

ents

that

ar

e no

t quo

ted

in a

n ac

tive

mar

ket.

The

y ar

ise

whe

n th

e Fo

unda

tion

pro

vide

s m

oney

, goo

ds o

r se

rvic

es d

irect

ly to

a d

ebto

r with

no

inte

ntio

n of

sel

ling

the

rece

ivab

le.

They

are

incl

uded

in c

urre

nt

asse

ts, e

xcep

t for

thos

e w

ith m

atur

ities

gre

ater

than

12

mon

ths

afte

r the

bal

ance

she

et d

ate

whi

ch

are

clas

sifie

d as

non

-cur

rent

ass

ets.

Loa

ns a

nd re

ceiv

able

s ar

e in

clud

ed in

rece

ivab

les

in th

e b

alan

ce

shee

t.

(iii)

Ava

ilabl

e-fo

r-sa

le fi

nanc

ial a

sset

s

Ava

ilab

le-f

or-s

ale

finan

cial

ass

ets,

com

pris

ing

prin

cip

ally

mar

keta

ble

equ

ity

secu

ritie

s, a

re n

on-

deriv

ativ

es th

at a

re e

ither

des

igna

ted

in th

is c

ateg

ory

or n

ot c

lass

ified

in a

ny o

f the

oth

er c

ateg

orie

s.

They

are

incl

uded

in n

on-c

urre

nt a

sset

s un

less

man

agem

ent i

nten

ds to

dis

pos

e of

the

inve

stm

ent

with

in 1

2 m

onth

s of

the

bal

ance

she

et d

ate.

No

tes

to a

nd

form

ing

par

t of t

he

Fin

anci

al S

tate

men

ts fo

r ye

ar e

nd

ed 3

0 Ju

ne

2006

(L) E

mp

loye

e B

enefi

ts

(i) W

ages

, sal

arie

s and

ann

ual l

eave

Liab

ilitie

s fo

r wag

es, s

alar

ies

and

annu

al le

ave

exp

ecte

d to

be

sett

led

with

in 1

2 m

onth

s of

the

rep

ortin

g da

te a

re re

cogn

ised

in re

spec

t of e

mp

loye

es’ s

ervi

ces

up to

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ttle

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Em

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r tho

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ts.

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Sup

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Con

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ploy

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Emp

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incl

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mp

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abili

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hen

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emp

loye

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enefi

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whi

ch th

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late

are

reco

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s lia

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ties.

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Act

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Act

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day

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Oth

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s ye

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3. E

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Net

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5. P

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The

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datio

n p

urch

ased

land

and

bui

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gs d

urin

g th

e ye

ar a

nd w

ill re

loca

te th

e or

gani

satio

n to

the

new

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ldin

g in

the

2006

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7 ye

ar.

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Ass

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rent

Trad

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edito

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Oth

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rece

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nanc

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ear

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late

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Und

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rent

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ount

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ket v

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at th

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sted

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Cu

rren

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Prep

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Tota

l Cu

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isio

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rren

t Lia

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ties

72

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n-C

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ent L

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iliti

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ble

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es

267

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7

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ties

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Net

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ets

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ity

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fund

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-

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l Eq

uit

y8,

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14. C

on

tin

gen

t Lia

bili

ties

No

cont

inge

nt li

abili

ties

exis

t at t

he b

alan

ce s

heet

dat

e.

15. L

ease

Co

mm

itm

ents

Sens

es F

ound

atio

n is

com

mitt

ed to

pay

men

t for

rent

al o

f pre

mis

es a

s fo

llow

s:

30.6

.06

30.6

.05

$000

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- not

late

r tha

n on

e ye

ar12

413

3

- lat

er th

an o

ne y

ear a

nd n

ot la

ter t

han

two

year

s10

326

6

16. A

ud

ito

rs R

emu

ner

atio

n

Am

ount

s re

ceiv

ed o

r due

and

rece

ivab

le b

y th

e au

dito

rs o

f Sen

ses

Foun

datio

n to

tal

$15,

000

(200

5: $

14,0

00).

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nse

s F

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nd

atio

n I

nc

orp

ora

te

d

Cli

en

t S

erv

ice

s 3

SE

NS

00

05

3

4/9

/0

6 2

:01

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PM

32

17. S

egm

ent I

nfo

rmat

ion

Sens

es F

ound

atio

n op

erat

es p

redo

min

antl

y in

Wes

tern

Aus

tral

ia.

30

.6.0

630

.6.0

5

$000

$000

(a) R

even

ue

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o3,

432

3,46

3

Acc

omm

odat

ion

8317

7

Gra

nt1,

990

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4

Oth

er1,

228

2,85

9

6,73

38,

663

(b) T

otal

Ass

ets

9,53

29,

288

18. F

inan

cial

Inst

rum

ents

(a) I

nte

rest

Rat

e R

isk

Inst

rum

ent

Flo

atin

g R

ate

Fixe

d R

ate

Mat

uri

tyN

on

Inte

rest

B

eari

ng

Tota

l C

arry

ing

A

mo

un

t

Wei

gh

ted

Av

Effec

tive

R

ate

$000

$000

$000

$000

2 Ye

ars

or L

ess

2006

2005

2006

2005

2006

2005

2006

2005

2006

2005

Fin

anci

al A

sset

s

Cas

h13

192

--

--

131

920.

70%

0.70

%

Term

Dep

osit

--

650

3,42

6-

-65

03,

426

5.88

%5.

58%

Rece

ivab

les

--

4,20

04,

200

201

994,

401

4,29

97.

00%

7.00

%

Fina

ncia

l Ass

ets

--

--

1,58

228

91,

582

289

--

Tota

l Fin

. Ass

ets

131

924,

850

7,62

61,

783

398

6,76

48,

106

--

Fin

anci

al L

iab

iliti

es

Trad

e C

redi

tors

--

--

2365

2365

--

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er C

redi

tors

--

--

555

427

555

427

--

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nce

Leas

e Li

abili

ty-

--

--

--

--

-

Tota

l Fin

. Li

abili

ties

--

--

578

492

578

492

--

18. F

inan

cial

Inst

rum

ents

(co

nt.

)

(b) N

et F

air V

alu

es

The

aggr

egat

e ne

t fai

r val

ue o

f fina

ncia

l ass

ets

and

finan

cial

liab

ilitie

s at

bal

ance

dat

e is

the

sam

e as

or a

pp

roxi

mat

es th

e b

alan

ce s

heet

car

ryin

g am

ount

.

(c) C

red

it R

isk

The

max

imum

exp

osur

e to

cre

dit r

isk,

exc

ludi

ng th

e va

lue

of a

ny c

olla

tera

l or o

ther

se

curit

y, a

t bal

ance

dat

e to

reco

gnis

e fin

anci

al a

sset

is th

e ca

rryi

ng a

mou

nt, n

et o

f any

p

rovi

sion

for d

oub

tful

deb

t, as

dis

clos

ed in

the

Bala

nce

Shee

t and

not

es to

the

finan

cial

st

atem

ents

.

The

Foun

datio

n do

es n

ot h

ave

any

mat

eria

l cre

dit r

isk

exp

osur

e to

any

sin

gle

deb

tor o

r gr

oup

of d

ebto

rs u

nder

fina

ncia

l ins

trum

ent e

nter

ed in

to b

y th

e Fo

unda

tion.

19. R

elat

ed P

arty

Tra

nsa

ctio

ns

The

follo

win

g m

emb

ers

acte

d as

mem

ber

s of

the

Boar

d of

Man

agem

ent o

f Sen

ses

Foun

datio

n du

ring

the

year

. Mem

ber

s of

Boa

rd d

o no

t rec

eive

any

rem

uner

atio

n or

oth

er

ben

efits

as

the

pos

ition

s ar

e ho

nora

ry in

nat

ure.

Mr C

Bill

ings

– a

pp

oint

ed 1

7 O

ctob

er 2

005

Ms

A B

ourk

e –

app

oint

ed 1

9 Ju

ne 2

006

Ms

J C

arrin

gton

– re

sign

ed 1

9 D

ecem

ber

200

5

Ms

T C

ross

Mr B

Cut

ler

Mr J

Gro

pp

oli –

ap

poi

nted

17

Oct

ober

200

5

Mr R

Mat

ich

- Vic

e Pr

esid

ent

Mr D

Mur

phy

– re

sign

ed 1

0 M

ay 2

006

The

Hon

. P O

mod

ei –

resi

gned

19

Dec

emb

er 2

005

Mr M

Oos

terh

of -

Pres

iden

t

Mr E

Rob

erts

Mr J

Tho

m

20. S

ub

seq

uen

t Eve

nts

Ther

e ar

e no

sub

sequ

ent e

vent

s.

contents · 2016-03-03 · ut wisis ea feugiate venit ad tie dipsuscin utat, sum ip et, sustie...

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