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The current financial period is the year ended
31 March 2013.
The Midlands Conservation Fund Ltd (MCF) is a
separate public company limited by guarantee with its
own Board of Directors and constitutional objectives.
MCF is jointly managed by Bush Heritage and the
Tasmanian Land Conservancy. Under the MCF
Constitution, Bush Heritage has the capacity to control
operational decision-making within MCF and therefore
is required by Accounting Standards to consolidate
MCF into this Concise Consolidated Financial Report.
Note 2. Revenue
Note 2(a). Supporter Contributions and Grants
12 months
31 March
2013 $'000
9 months
31 March
2012 $'000
Donations and gifts
9,871
4,422
Grants
317
344
Bequests
2,944
2,715
Total Supporter Contributions
and Grants
13,132
7,481
Note 2(b). Reserve Income
12 months
31 March
2013 $'000
9 months
31 March
2012 $'000
Revenue from the rendering of services
Management services
82
128
Accommodation
23
15
Agistment/Cropping
31
33
Other
122
159
Total Reserve Income
258
335
Note 3. Expenses
Note 3(a). Conservation Management Activities
Conservation management expenses include
the following key items:
· Operating Bush Heritage's 35 reserves, including
staff costs, associated ownership costs such as rates
and taxes, expenses associated with operating each
reserve's infrastructure, preparing management plans
for reserves; expenses associated with conservation
actions such as fire management, feral animal
control, weed control, revegetation; expenses related
to ecological survey, monitoring and evaluation,
organising volunteer support, organising field trips
to reserves, education, and building and managing
relations with other land owners
· Development of conservation policy and strategy
including staff costs, expenses relating to assessment
of potential new reserves and partnerships, and
expenses relating to development and maintenance
of landscape-scale plans and partnerships
· Supporting land management partnerships
including staff costs, expenses associated with
preparing management plans, and expenses
associated with conservation actions such as fire
management, feral animal control, weed control,
revegetation; and expenses related to ecological
survey, monitoring and evaluation.
Note 3(b). Public and Supporter Communication
Covers expenses associated with media engagement
and the management of the website, newsletter
and other supporter communications.
Note 3(c). Fundraising Activities
Covers expenses associated with generating donation
and bequest income, the management of the supporter
database, customer service and reception services.
Note 3(d). Investment in New Supporters
Covers the cost of recruiting new financial supporters
to ensure the ongoing viability of conservation activities.
Note 3(e). Organisational Support
Organisational support expenses include
the following key items:
Board Expenses
Covers all expenses associated with the Board
of Directors, primarily covering face to face and
telephone-based meetings. All directors provide
their time on a pro bono basis.
Administration
Covers activities concerned with regulatory compliance,
finance, information technology, employee development
and conditions, worker safety and day-to-day
administration of Bush Heritage.
Note 4. Investments
At 31 March
2013 $'000
At 31 March
2012 $'000
(a) Investments
Opening balance
5,803
5,937
Additions
3,894
720
Disposals
(268)
(787)
Gain / (Loss) in fair
value of investments
630
(67)
Closing balance
10,059
5,803
(b) Breakdown
Term deposits
5,567
762
Fixed interest
390
1,301
Australian shares
3,089
2,586
International shares
390
361
Property trusts
408
583
Growth alternatives
108
102
Defensive alternatives
107
108
Total Investments
10,059
5,803