the shrine annual report 2012 - 2013 - shrine of remembrance

The Shrine Annual Report 2012 - 2013

II Shrine Of Remembrance Annual Report

2012 - 2013 1

Contents

Chairman’s Report 2

Charter, Vision, Mission & Values 3

Organisation Structure & Responsibilities 4

Chief Executive’s Report 12

2012/2013 Review of Operations 14

Outlook for 2013/2014 20

Financial Report 21

Appendix A - Disclosure Index 45

Appendix B - Other information 47

Produced by the Shrine of Remembrance Trustees

GPO Box 1603 Melbourne 3001 Tel: (03) 9661 8100 Fax: (03) 9662 9411 Email: [email protected]

www.shrine.org.au

2 Shrine Of Remembrance Annual Report

Chairman's ReportDear Minister,

It is with great pleasure that I submit the 2012/2013 Annual Report on behalf of the Shrine of Remembrance Trustees.

2012/13 was a milestone year for the Shrine with the commencement of the Galleries of Remembrance project. This major development will provide enlarged exhibition spaces, featuring the Devanha Gallipoli landing boat that will be on long term loan from the Australian War Memorial as well as additional public spaces and amenities, auditorium, separate schools' entry and office and storage accommodation.

This project aims to ensure that the Shrine continues to be seen as a place in which the Anzac spirit will be remembered, upheld and passed on as a lasting legacy to future generations. It is expected that the Galleries will be completed towards the end of 2014, to coincide with the Centenary of Anzac and the First World War.

The Galleries Project has necessitated the relocation of the majority of the Shrine staff to off-site leased accommodation for the period of the construction as well as the closure of the Crypt and the Undercroft spaces to allow building works to continue. We have endeavoured to minimise the impact on our visitors and on the Shrine ceremonial program during this period.

Annual visitation numbers to the Shrine continue to increase with over 650,000 visitors, including approximately 52,800 school children, who have accessed the Shrine’s Public Education Programs either on-site or through the Outreach Programs at both regional centres and metropolitan disadvantaged schools. In addition, over 25,000 regional Victorians attended the Shrine’s touring exhibition and regional

lectures in venues such as Warrnambool, Shepparton, Healesville, Hamilton, Bendigo, Ballarat, Beechworth and Benalla.

The Shrine’s ceremonial activities continue to remain our primary function and it is pleasing that record numbers attended the recent Dawn Service on Anzac Day and the Remembrance Day Service in November 2012.

We have also commenced planning for the centenaries of Anzac and the First World War and I am pleased that the Victorian State Government has provided the funding to develop our Centenary of Anzac travelling exhibition which will tour regional Victoria between 2014 – 2018. Planning is also underway to prepare for a comprehensive commemoration program and other public programs to be delivered at the Shrine during the centenary period.

It is important to recognise that the fundamental and significant role the Shrine plays within the veteran and broader Victorian community would not be possible without the ongoing support of the State Government, City of Melbourne and the generous financial support from all of our donors, sponsors and ‘Friends of the Shrine’.

Finally, I and my fellow Trustees wish to express our appreciation to the Chief Executive, Denis Baguley, Shrine staff, Life Governors, Governors, Shrine Guards and Volunteers for their willing and dedicated service to Victoria and Australia.

Air Vice-Marshal Chris Spence AO (Rtd) Chairman

The Hon Hugh Delahunty MLA

Minister for Veterans Affairs

Level 22, 50 Lonsdale Street

Melbourne VIC 3000

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Charter, Vision, Mission & Values

CharterThe objectives of the Shrine of Remembrance are defined in Section 4 of the Shrine of Remembrance Act 1978 (as amended), as are the duties of Trustees, which are:

a) To be responsible for the care, management, maintenance and preservation of the Shrine of Remembrance –

i. as a memorial to honour the service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking; and

ii. as a site of national, State and cultural significance; and

b) To develop, promote, manage and stage ceremonial activities and events to commemorate the service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking, including, but not limited to, wreath laying and other ceremonial or commemorative activities; and

c) To develop, promote, manage and implement public programs to inform, educate and promote understanding among Victorians and visitors about the history, experience, service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking, including, but not limited to, exhibitions, lectures, publications, school learning and outreach programs.

VisionTo be a memorial to honour the service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking.

MissionTo be the pre-eminent memorial and a centre of excellence embracing the community.

ValuesThe values by which the Shrine of Remembrance will adhere and be known for are:

• Integrity

• Loyalty

• Service

• Respect


Organisational Structure & Responsibilities

The Shrine Act

The Shrine of Remembrance Act 1978 establishes the Shrine of Remembrance Trustees with the responsibility for the care, management, maintenance and preservation of the Shrine and its Reserve on behalf of the people of Victoria.

The Minister for Veterans’ Affairs is the Minister responsible for the Shrine of Remembrance Act.

The Shrine of Remembrance Act provides guidance to Trustees on their duties and overarching functions. The Act was amended in September 2011 to include the following core functions in the powers and duties of Trustees:

(a) responsibility for the care, management, maintenance and preservation of the Shrine of Remembrance -

i. as a memorial to honour the service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking; and ii. as a site of national, State and cultural significance; and

(b) the development, promotion, management and the staging of ceremonial activities and events to commemorate the service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking, including, but not limited to, wreath laying and other ceremonial or commemorative activities; and

(c) the development, promotion, management and implementation of public programs to inform, educate and promote understanding among Victorians and visitors about the history, experience, service and sacrifice of Victorians and Australians in war, conflict, peacekeeping and peacemaking, including, but not limited to, exhibitions, lectures, publications, school learning and outreach programs.

Ten Trustees are appointed by the Governor in Council on the recommendation of the Minister. The Trustees act as a body corporate whose powers and duties are outlined in Section 4 of the Act, which states:

(1) The trustees - (a) shall be responsible for the care, management,

maintenance and improvement of the reserved land; (b) may to the exclusion of all other bodies or persons- (i) provide and sell; and (ii) authorise the manufacture, printing, publishing,

display and sale of - replicas, photographs, booklets, pamphlets and other like matter relating to the said monument;

(c) may receive moneys by way of - (i) collections or donations; (ii) proceeds of sales by the trustees of such replicas,

photographs, booklets, pamphlets and other like matter; or

(iii) fees for authorities granted by the trustees for the manufacture, printing, publishing, display and sale of such replicas, photographs, booklets, pamphlets and other like matter

- for the funds of the trustees; (ca) in relation to the undercroft land- (i) may charge fees for entry into the undercroft land,

including concessional fees; and (ii) may determine the mechanisms for charging

concessional fees; and (iii) may exempt in a specified case or class of case

any person or class of persons from payment of fees;

(d) have and shall be deemed always to have had power to pay out of the funds of the trustees such gratuities or retiring allowances as they think fit to such persons as they think fit being persons who are or have been employed by them for the purposes of carrying into effect the provisions of this Act.

(1A) Without limiting any power, duty or function under this Act, the trustees may carry out the powers, duties and functions of the trustees under this section -

(a) within the Shrine of Remembrance; and (b) elsewhere on the reserved land; and (c) in places in Victoria other than at the Shrine of

Remembrance or on the reserved land.

(2) Any funds of the trustees provided pursuant to the provisions of this Act or any Act hereafter enacted shall be available only for the purposes of carrying into effect the provisions of this Act.

(3) Any moneys received by the trustees whether from the Treasurer of Victoria or the Melbourne City Council or as the result of public subscriptions or otherwise shall be paid into the funds of the trustees and shall be applied for the purpose of carrying into effect the provisions of this Act.

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The Shrine CommunityThe Shrine of Remembrance community, guided by 10 Trustees (including one vacancy), is comprised of Life Governors, Governors, Staff, Volunteers and Shrine Guards.

Trustees

Air Vice-Marshal Chris Spence AO (Retd)

Chris was appointed Chairman of Trustees from 1 January 2012 for a period of five years.

Colonel John Wertheimer AM RFD

John was appointed a Trustee in April 2000, re-appointed in 2002, 2005, 2007 and 2010. In 2012 he was re-appointed for a four year period. He was also the Acting Chairman of Trustees from September 2010 until December 2011.

Major General David McLachlan AO (Retd)

David was appointed a Trustee in April 2003 and was reappointed in 2006 and 2009. In 2012 he was re-appointed for a further four year period. He is President of the Returned and Services League (Victoria).

Wing Commander David Grierson

David became the Legacy representative in April 2006 and was re-appointed in 2009 and in 2012 for a further four year period.

Cr Robert Doyle (Lord Mayor, City of Melbourne)

Robert became a Trustee in November 2008, coinciding with his election as Lord Mayor of the City of Melbourne.

Dr. Helen Drennen

Helen was appointed a Trustee in June 2010 and was re-appointed in 2012 for a further four year period.

Dr. Michael Lawriwsky

Michael was appointed Trustee in July 2011 for a period of three years.

Sue Blake

Sue was appointed a Trustee in January 2012 for a period of four years.

Michelle Ager

Michelle was appointed a Trustee in January 2012 for a period of four years.

Life GovernorsLife Governors are appointed under Section 4 of the Shrine of Remembrance Act. They are former Trustees (other than ex-officio Trustees) whose function is to assist the current Trustees with the conduct of ceremonies at the Shrine and other duties as required by the Trustees.

The present Life Governors are:

• WingCommanderPeterIsaacsonAMDFCAFCDFM

• ColonelGeorgeMackenzieOBERFD

• LieutenantColonelDavidFordCVOAMGM

• LieutenantColonelAdrianLombardo

• MrPeterWhitelaw

GovernorsThe role of the Shrine Governors is to assist Trustees and Life Governors in relation to ceremonial duties.

The present Governors are:

• LieutenantColonelDonJReidRAA

• ColonelJohnCoulsonOAMRFDED

• MajorMaggieMoreRFD

• GroupCaptainAnnetteHolian

• CommanderTerryMakingsAMRAN

• SquadronLeader(RAAFAR)RonA.K.Ledingham

• LieutenantCommanderChrisLeMarshall


Organisational Structure & Responsibilities (Cont'd)

Chief Executive and Management TeamThe Shrine of Remembrance Chief Executive and Management Team’s role is to set, monitor and review the day to day operations of the Shrine.

Denis Baguley

Denis was appointed Chief Executive in July 2003 following his position as Project Manager of the Shrine Visitor Centre development. He provides policy and strategic advice to the Trustees and overall leadership to the Management Team.

Jean McAuslan

Jean was appointed Manager, Exhibitions and Collections in 2003, with responsibility for gallery development, exhibition programs and collections.

Daniel Mulqueen

Daniel was appointed Manager Administration & Finance in November 2006 and has responsibility for administration, finance, operations and ceremonial functions.

Jamie Parsons

Jamie joined the Shrine in March 2011 as the Manager Education and Community Programs. He has responsibility for the Shrine’s education and community programs as well as marketing and public relations.

Shrine of Remembrance Operational Staff, Casuals and Contractors (as at 30 June 2013)

Carolyn Argent, Education Officer

Melissa Baulch, Visitor Services Officer

Hailey Berkhout, Public Programs & Events Officer

Jenna Blyth, Exhibitions Assistant Curator

Andrew Brady, Custodian

Jess Bretherton, Custodian

David Bucknell, Custodian

Dale Capron, Custodian & Facilities Officer

Bruce Dunlop, Coordinator Visitor Services

Lambis Englezos, Education Officer

Lana Epshteyn, Marketing Officer

Glenn Foster, Custodian

Felicity Harrison, Visitor Services Administration Officer

Joe Hextall, Indigenous Outreach and Exhibitions Research Officer

Bernie Higgs, Education Officer

Danielle Hitchcock, Marketing Officer

David Howell, Fundraising & Friends Co-ordinator

Ian Jackson, Senior Exhibitions Research Officer

Anthony Langley, Human Resources Adviser

Soo Mei Leong, Finance Officer

KellyMcConnell,VisitorServicesAdministrationOfficer

Sarah Melenhorst, Custodian

Pip Minney, Exhibitions Project Co-ordinator

KatrinaNicolson,CentenaryofAnzacResearchOfficer

Jessica Nunn, Custodian

Neil Sharkey, Exhibitions Curator

KatSherlock,VisitorServicesAdministrationOfficer

Jodie Smith, Education Outreach Officer

Tom Stammers, Custodian

Adrian Threlfall, Education Officer

Emily Walsh, Exhibitions Research Assistant

Tim Whitford, Education Outreach Officer

Chris Widenbar, Business Support Officer & Galleries Project Officer

Sally Winter, Education Administration Officer

Paola Wisniak, Executive Assistant to the CE

Emily Wubben, Exhibitions Research Assistant

In February 2013, the Shrine acknowledged Don McBride’s retirement after 20 years as a Shrine Custodian.

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VolunteersThe Shrine of Remembrance has over 100 valued volunteers who assist with guided tours, administration, cataloguing, research, marketing and education program delivery.

During 2012/13, these volunteers provided in excess of 10,000 hours across 14 shifts, 7 days per week.

The Shrine GuardThe Victoria Police Shrine Guard is provided by the Department of Justice. They provide a 24 hour security presence at the Shrine and assist with ceremonial events.

The Volunteer Reference GroupThe Volunteer Reference Group consists of volunteers and staff who advise the Chief Executive on volunteer guiding matters. The Group meets on a regular basis and considers a range of topics and initiatives.

O.H. & S CommitteeThe Shrine operates a dedicated Occupational Health & Safety Committee which monitors and responds to our Incident Reporting System.

The Committee, which meets quarterly, includes representatives from staff, Victoria Police (Shrine Guards) and Volunteers. Issues covered include WorkSafe matters, all reportable incidents, security and general health and safety.


Exhibition Research Assistants

Exhibitions Curator

Chief ExecutiveShrine Guard

Governors

Life Governors

Trustees

Manager Exhibitions & Collections


Executive Assistant

HR Adviser

Visitor Services Officer

Visitor Services Admin Officers

Custodians

Coordinator Visitor

Services

Manager Education & Community Programs

Education Administration

Officer

Education Officers

Education Outreach Officers

Marketing Officer

Fundraising and Friends Co-ordinator

Exhibitions Project

Co-ordinator

Exhibitions Assistant Curator

Exhibitions Senior Research

Officer

Business Support Officer & Galleries

Project Officer

Public Programs &

Events Officer

Facilities Officer

Manager Admin. & Finance

Finance Officer

2012 - 2013 9

Coral Akers

Brian Anderson

Carolyn Archibald

Mary Armstrong

Ann Baker

John Basarin

Donald Bergman

David Blackwell

Ralph Boyne

Daryl Bristowe

Michaela Brooks

Bruce Brown

Maureen Bugden

Doug Campbell

Valerie Carr

Suzette Chapple

Bill Cherry

Caroline Clark

Bill Cornford

Jan Coyle

KenCrook

Mike Danielson

KeithDarling

Pauline D’Astoli

Alistair Davison

Cecily Davison

Hugh Dolan

Ian Douglas

Noel Dovey

David Edwards

Noel Ellis

Wendy Farthing

Mac Ford

KeithFrampton

John Fuller

George Galanopoulos

Michael Ganey

Ian Gault

Pat Gavan

Leigh Gilburt

Peter Geddes

Angus Graham

Neil Graham

Allan Grant

Jo Green

John Griffiths

Ron Hall

Geraldine Hare

David Holloway

Murray Hourigan

Li Jing

Arthur Johnson

Anne Josefsberg

DonKinsey

KonKesoglidis

StevenKyritsis

Paul Lacey

KerryLarkan

Bruce Larkin

Rayden Lee

Daryl Lewis

Judy Llewellyn

Graham Lockwood

Elizabeth Lodge

Gloria Low

Trevor Lowe

Alasdair Macdonald

Marita Madden

Cloe Maes

John Magill

Gilbert Mallcott

Ross Martin

Craig McLean

Graeme Miller

Graeme Missen

James Moreton

John Moxey

Sue Mullett

John O’Reilly

Jim Penna

Jeffrey Pickerd

Vic Pilch

Chris Renwick

Steve Russell

Claude Sanicki

Bob Seers

Elizabeth Sevior

Elvie Sinclair

Graeme Sloman

Alan Stebbing

Stephen Stockdale

Peter Taylor

Elaine Toma

Iain Townsley

Rosie Tsiros

Peter Webb

William Westerman

Stephen Weston

Philip Whitehouse

John Williamson

Geoffrey Wilson

John Wilson

Rod Wilson

Malcolm Wiltshire

Caroline Winter

Brian Worcester

Lynda Wright

Shrine Volunteers

Shrine Trustees acknowledge with thanks the dedication of its most valued Volunteers:

In December 2012, the Shrine Trustees recognised John Griffiths for 20 years of service to the Shrine; Val Carr, Judy Llewellyn and John Wilson for 15 years; Bill Cherry and Elvie Sinclair for 10 years; Anne Baker, Ralph Boyne, Jan Coyle, KeithDarling,AlastairDavison,KeithFrampton,GeraldineHare,DavidHolloway,ArthurJohnson,StevenKyritis,JamesMoreton, John O’Reilly, Claude Sanicki, Bob Seers and Alan Stebbing for 5 years of service to the Shrine.

It was with much sadness that we marked the passing of two valued and respected volunteers – John Bool and David Cowling.



Corporate Governance

Trustees Meetings

During 2012/2013, the Shrine of Remembrance Trustees held 6 ordinary meetings.

Committee Structure

A range of committees form the corporate governance framework that provide informed recommendations to the Board of Trustees.

The Committees are supported by the Chief Executive and the Management Team and Trustees may, from time to time, co-opt external parties with particular expertise to participate on these committees.

The roles and composition of the respective Committees are:

Finance and Audit Committee:

Provides a forum to consider and recommend to the Board of Trustees matters including: - Strategic and Business Plans; the activities of the

internal and external auditor and the Shrine’s risk management policies and processes. It also assists the Trustees in discharging their responsibilities in relation to financial management

- Provision of advice on such other issues as fund raising and retail strategy - Overseeing accountability for corporate governance and compliance within the provisions of the Shrine of Remembrance Act

The Committee met on 6 occasions in 2012/2013.

Committee Members throughout the period included: - Michael Lawriwsky (Committee Chairperson) (Trustee) - David McLachlan (Trustee) - Michelle Ager (Trustee) - Adrian Lombardo (Life Governor)

The Finance and Audit Committee comprises independent members who meet the criteria for independence within the Financial Management Compliance Framework guidelines.

Planning, Development & Public Education Committee:

Provides a forum to consider and recommend to the Board of Trustees matters including:

- Master Planning, including Gallery Development and Reserve Improvement Plan

- Collection policy - Education strategy and programming - Marketing strategy - Conservation management - Exhibitions programming

The Committee met on 6 occasions in 2012/2013.Committee Members throughout the period included: - John Wertheimer (Committee Chairperson) (Trustee) - Sue Blake (Trustee) - Helen Drennen (Trustee) - Peter Whitelaw (Life Governor) - KerryOsborne(IndependentCommitteemember)

Ceremonial Committee:Provides a forum to consider and review the ceremonial activities of the Shrine including: - Anzac Day - Remembrance Day - Wreath Laying Ceremonies - Ceremonial PolicyThe Committee met on 6 occasions in 2012/2013.Committee Members throughout the period included: - David Grierson (Committee Chairperson) (Trustee) - David Ford (Life Governor) - Maggie More (Governor) - Terry Makings (Governor)

Remuneration Committee:Provides a forum to consider and recommend to the Board of Trustees matters including: - The development, review and compliance to remuneration policies and practices of the organisation - The provision of recommendations to the Board of Trustees on executive remuneration and performance appraisal - Responses to emerging issues with respect to changes in legislation or Government Policy The Committee met on 1 occasion in 2012/2013.Committee Members throughout the period included: - Chris Spence (Chairman) (Trustees) - David McLachlan (Trustee) - Michael Lawriwsky (Trustee)

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Galleries of Remembrance Steering Committee:Initiated by Trustees in May 2012, the Galleries of Remembrance Steering Committee provides a forum to consider and recommend to the Board of Trustees matters including: - the functional brief and detailed design for the Galleries of Remembrance Project - sign-off on exhibition design and content - sign-off on project scope (ie. Visitor Centre, Landscaping, etc.) - sign-off on stakeholder Communications Plan - sign-off on Capital and Public Fundraising Plan

The Committee met on 12 occasions in 2012/2013.Committee Members throughout the period included: - Chris Spence (Chairman) (Trustee) - John Wertheimer (Trustee) - Sue Blake (Trustee) - Dimity Reed (Independent Member) - Denis Baguley (Chief Executive)

Centenary of Anzac Committee: Initiated by Trustees, the Committee oversees the Shrine’s programs for the upcoming Centenary of Anzac period.

The Committee met on 2 occasions in 2012/2013.

Committee members throughout the period included: - Chris Spence (Chairman) (Trustee) - Michelle Ager (Trustee) - Adrian Lombardo (Life Governor) - Denis Baguley (Chief Executive) - Jean McAuslan (Manager, Exhibitions and Collections)


It is with enormous pleasure that I can report that the Galleries of Remembrance project is underway. The Galleries development is a multi-million dollar Victorian Government project that will tell the history of Victorians and Australians at war. On completion in late 2014, it will further enhance the Shrine of Remembrance as Victoria’s pre-eminent memorial to the service and sacrifice of Australian service men and women in war and peacekeeping. Importantly, the project will further expand the Shrine’s role as a place of commemoration and community learning.

The Galleries of Remembrance will provide not only an enhanced visitor experience, but also deliver a lasting legacy for all Victorians.

The significant benefits that will flow from this development include:

• Agreatercapacitytomeetcommunityexpectationsforthe Anzac Centenary commemorations in 2015 and into the future

• Heightenedqualityofthevisitorexperienceandan increased capacity to foster a sense of shared identity and values, whilst recognising the diverse origins of Australians

• Anabilitytomeetincreaseddemandfromschoolsin response to the expanded education role of the Shrine of Remembrance and the requirements of the Australian Curriculum

• IncreasetheprofileoftheShrineofRemembranceasa cultural and tourism asset

To coincide with the completion of the Galleries project we also plan to complete the maintenance program in the Sanctuary of the Shrine and undertake improvement works to the Shrine Reserve to assist with visitor arrival and pedestrian movement. The completion of all these works is planned for 11 November 2014 - the 80th anniversary of the Dedication of the Shrine.

The Shrine’s commemorative program continues to be our highest priority and I am pleased to report that the 2013 Dawn Service on Anzac Day attracted over 50,000 attendees. The 2012 Remembrance Day Service was again well attended and whilst veteran numbers are declining overall attendances at the 160 services held annually are remaining strong due to the increasing participation of descendants of veterans and younger Victorians.

During 2012/13, general visitation to the Shrine continued to grow strongly including school visitation. Our outreach programs including school outreach, regional public lectures and the Indigenous Australians at War travelling exhibition have been well received in regional Victoria. Our outreach programs reached over 20 regional centres in 2012/13 attracting over 32,000 Victorians.

The organisation’s financial performance has again been very positive but to ensure the Shrine’s long term financial viability we will be seeking to expand our fundraising initiatives in 2013/14 and beyond to support the delivery of our diverse public education programs. The financial outcome in 2012/13 would not have been possible without the ongoing support of the State Government, the City of Melbourne, sponsors, donors and the Victorian community.

The fifth Annual Shrine of Remembrance Dinner was held in November 2012 at the Melbourne Town Hall, continuing our strategy to increase the commemorative focus of Remembrance Day. We congratulate Norm Furness on being awarded the annual Shrine of Remembrance Medal. Norm is a veteran and one of the few surviving members of the 2/22nd Battalion Lark Force Association. Norm has played an active role in ensuring that the memory of those who lost their lives in the fall of Rabaul and in the sinking of the Montevideo Maru - the biggest single loss of prisoners of war at sea during the First World War – is never forgotten.

Chief Executive's Report

2012 - 2013 13

Whilst we have achieved much throughout the year, the next 3 years will be equally demanding and exciting. Our future planning includes:

• WorkingwiththeStateGovernmentandProbuildto complete the Galleries of Remembrance

• Continuetheplanning,preparationanddeliveryofthe centenaries of ANZAC and the First World War

• ContinuousimprovementoftheShrine’sCommemorative Program

• CompletingthereviewoftheShrine’seducationprograms to ensure they are consistent with the Australian Curriculum and that they recognise the centenaries of ANZAC and First World War and facilitate the engagement of students with the Galleries of Remembrance

Denis Baguley Chief Executive

Our achievements in 2012/2013 would not have been possible without the dedication of the great team of people who work and volunteer at the Shrine as well as the support of Trustees, Life Governors and Governors.


2012/13 Review Of Operations

Highlights:Galleries of Remembrance

In the May 2012 Budget, the State Government announced its funding contribution towards the Shrine’s Galleries of Remembrance project. This major project will provide enlarged exhibition spaces and will feature the SS Devanha Gallipoli landing boat that will be on long term loan from the Australian War Memorial. Additional public spaces and amenities will also be included, as well as an auditorium, separate schools' entry and office and storage accommodation. These significant additions and improvements will ensure that the Shrine continues to be seen as a place in which the Anzac spirit will be remembered, upheld and passed on as a lasting legacy to future generations. It is expected that the Galleries will be completed towards the end of 2014, to coincide with the Centenary of Anzac.

The Galleries of Remembrance will be launched to coincide with the Centenary of the First World War and will help to accommodate the heightened community interest that we expect will be created by this most significant anniversary. The timely completion of the Galleries will deliver 1,600 square meters of exhibition spaces to tell stories of Victorians at war and in peacekeeping from the late 19th Century to the present. Three temporary exhibition spaces within the permanent displays will provide continual opportunities for fresh interpretation of the core stories.

The enhanced facilities will offer rich opportunities for learning for schools and greatly enhance the experience of the Shrine for all visitors. Three dedicated learning spaces and one resarch pod will be situated within the Galleries to enable schools and other groups to step out of the exhibitions chronology in order to undertake discussion and related activities. Correspondingly the Shrine is working to ensure that the Galleries will align with the National Curriculum and the increased demand amongst schools for the history of the First and Second World Wars.

Annual visitor numbers

Total visitation for the 2012/13 financial year was 688,356.

52,800 Victorian school students participated in one of our education programs, whether onsite at the Shrine or via our award winning Remembrance Box Outreach Program in regional Victoria or our Metropolitan Outreach Program for disadvantaged schools.

Local and international visitors, students and the ceremonial community visit the Shrine and experience the wide selection of public programs, exhibitions, education activities and events that the Shrine offers. Through our range of commemorative and learning activities, the Shrine of Remembrance public profile

continues to steadily increase. Building on the strength of our visitation numbers, the aim is to engage new audiences and to further generate awareness of the Shrine as a War Memorial of national significance and a premier cultural institution.

Ceremonial Program

The Shrine’s ceremonial program helps ensure commemoration remains a focus of activities at the Shrine. The 2012/13 financial year saw more than 101,000 people - including veterans, students and members of the public from Victoria, interstate and overseas - attend 160 ceremonial activities at the Shrine. Among these activities were Anzac Day, Remembrance Day, Battle for Australia, Legacy Children’s Day, Vietnam Veterans Day and anniversaryservicesfortheBoerWarandKoreanWar.

Anzac Day 2013

An estimated 50,000 people attended the 2013 Anzac Day Dawn Service, a record in recent memory. 10,200 veterans and theirdescendantsmarcheddownStKildaRoadtotheShrineof Remembrance, supported by 3,900 members of the public who lined the streets at the Shrine. The diversity of the crowd showed that remembrance is being embraced by young and old, groups of friends and families. Media interest was high with over 60 media passes distributed on the day and nearly 600 mentions across TV, print, radio and the internet. Many, including younger generations, showed their involvement through social media. On Anzac Day alone over 9,000 people engaged with the Shrine’s Facebook page and thousands more posted photos and messages of support amongst their own networks.

Remembrance Day 2012

4,000 people attended the annual Victorian State Remembrance Day Ceremony, held on Sunday 11 November 2012. The Remembrance Day Address was delivered by the Governor of Victoria. The then Premier of Victoria, The Hon. Ted Baillieu MLA, made a presentation to Abby Falk from Year 5 at St Luke’s Catholic Primary School for her winning entry in the Shrine’s Remembrance Day Poster Competition for Victorian Primary

Schools.

Battle of Fromelles Commemorative Service

On 19 July 2012 the Friends of the 15th Brigade and the Shrine held the annual Fromelles Commemorative Service at the Cobbers Statue on the Shrine Reserve.

2012 - 2013 15

The service was attended by Her Excellency Ms Quentin Bryce AC CVO, the Governor-General of the Commonwealth of Australia, the then Premier of Victoria The Hon. Ted Baillieu MLA and more than 250 guests, many of whom were direct descendants of survivors of the Battle of Fromelles or men who served in the 15th Brigade during the First World War. The service was preceded by a public lecture on the terrible events of 19 July 1916, delivered by the Australian War Memorial’s Senior Historian (Military History Section) Dr Peter Pedersen.

Education at the Shrine

The Shrine of Remembrance provides a range of quality education programs for Victorian students. Participation in education programs continued to grow – from 49,585 in 2011/12 to 52,800 students in 2012/13. Included in these numbers were 7,817 students who attended one of the Shrine’s outreach education programs.

The Shrine has a wonderful team of paid and volunteer staff who deliver education programs for students at primary, secondary and tertiary level through a range of programs and tours throughout the year including those related to the First World War,SecondWorldWar,theKoreanWarandtheVietnamWar.With a continued emphasis on commemorating the service and sacrifice of Australian service men and women, students were able to gain valuable insights into Australian history and changing national identity and to reflect on the personal qualities exemplified through the Spirit of Anzac. As part of Education Week the Shrine introduced an innovative program that enabled students to create their own ‘news’ story that was downloadable from the internet.

A review of the Shrine’s Education Programs, funded by the Victorian Veterans Council, was conducted in 2013 and the results will be used to continue to develop educational activities at the Shrine for the upcoming Centenary of Anzac and the building of the Galleries of Remembrance.

The Shrine’s education team also run School Holiday Programs for children aged 6 – 12.

“Our guide was excellent. He spoke to the students at an appropriate manner and he engaged the students well. They now have a greater respect for our past.”

Year 6 teacher, St Paul’s Anglican Grammar School

“Very Informative and interesting. Relevant to our study of WW1 . (Guide) was terrific thanks."

Year 9 teacher, Mentone Girls SC

“It was very informative and clear. It was simple and the language used was appropriate to the yr level. It flowed and was always interesting and well-paced. A brilliant opportunity for us to learn about a great service. Thank you!”

Year 6 teacher, St Francis Xavier PS

“A perfect introduction to Anzac and age appropriate.”

Year 3 teacher, Hume Anglican School

"Great introduction, great anecdotes and perspective of different battles - Gallipoli and Western Front."

Year 9 teacher, Caulfield Grammar

"The tour was very informative and relevant to the group.Kidsengagedwith(Guide’s)storiesanddetails about the Shrine. Thank you so much, we will visit again with more groups."

Year 9 teacher, Keysborough SC

"The tour gave a great understanding and insight into the significance of Anzac."

Year 10 teacher, Berwick SC

Outreach Programs

The outreach programs take Shrine education on the road to primary and secondary schools in regional and disadvantaged areas of Victoria. The school programs use authentic and replica uniforms and artefacts as well as photographs to explore Australia’s Military History and concepts of remembrance and commemoration.

Remembrance Box Outreach Program

The Remembrance Box Outreach Program travels to regional and remote Victoria. Based on a core set of values, each program is individualised to accommodate the needs of


2012/13 Review Of Operations (Cont'd)

the local area and best utilise the resources available. In 2012/2013, 2,297 students participated in regional outreach as stand-alone incursion programs or collaborations with ex-service organisations. In April 2013, working with the Wangaratta RSL, Performing Arts Centre and local council, outreach sessions formed part of the extensive program for the Wangaratta cenotaph 90th anniversary. Other areas visited in 2012-13 include: Mildura, Bandiana, Camperdown, Colac, Maryborough, Terang, Noorat, Stawell, Shepparton, Ararat, Yarram,Leongatha,Cobram,KorrumburraandDrouin.

The Metropolitan Outreach Program

The numbers of schools involved in the Metropolitan outreach program for schools with students of disadvantage continued to be very positive during the year. This program is funded by the Portland House Foundation. Now in its third year, the program has expanded to include regional schools with students who are disadvantaged. Feedback from the program continues to be very positive and Shrine staff are looking forward to further expansion of the program in the future.

“Sharing Our Stories” Veteran’s Training Program

The Sharing our Stories program is designed to give RSL and other ex-service organisations the tools and confidence to deliver curriculum based education sessions to school students in their own communities. Ten partnerships have been established and are running with great success linking these veterans to thousands of Victorian students. The links formed with RSL’s have included those in Bendigo, Warrnambool, Box Hill, Frankston, Wodonga, Rye and Bairnsdale.

Indigenous Outreach Education Program

In conjunction with the travelling exhibition, Indigenous Australians at War: From the Boer War to the Present, the Shrine developed an Indigenous outreach education program. In 2012/2013, with funding provided by the Victorian Veterans Council, the program was delivered by Shrine Education staff in Geelong, Ballarat, Lake Tyers Aboriginal Community, Hamilton and Healesville. Feedback has been overwhelmingly positive and the program will continue at future locations.

Public Programs

The Shrine’s public programs have a strong following in the community and in the past year have attracted many new

members of the public. The lectures discuss a range of aspects of Australia’s history in war and peacekeeping and look to tell both the larger concepts of war and the individual stories of those involved. The Shrine is committed to providing free education to the highest standard.

Some of the many successful public programs during the year included:

TheSpiritofKokoda:Stillstrongafter70years–presentedbyPatrick Lindsay

The boy from Bowen: Diary of a Sandakan POW – presented by Leslie Bunn Glover

Exit wounds: One Australian’s war on terror - presented by Major General John Cantwell AO DSC

Regional Lecture Ballarat - Lost diggers of Fromelles – presented by Tim Whitford and Lambis Englezos AM

Documentary screening: Gallipoli from above - presented by Wain Fimeri

Behind the wire: Images and stories of Vietnam veterans – presented by Susan Gordon-Brown

Adopt an Ex-Service Organisation Program

The Adopt an Ex-Service Organisation Program at the Shrine of Remembrance fulfils two of the main aims of the Shrine: commemorating Australian service in conflict and peacekeeping and educating future generations of Australians about this service.

The program aims to facilitate permanent relationships between schools and ex-service groups. It ensures specific units are remembered and commemorated even after they are no longer able to continue their pilgrimage to the Shrine. Establishing a partnership with a school can be a very rewarding way to ensure that an organisation’s history lives on and provides an opportunity for students and teachers to engage meaningfully in history, commemoration and remembrance.

There are currently 25 active partnerships. The Shrine plans to expand this program each year in order to involve as many organisations and Victorian schools as possible.

The Shrine Young Ambassadors - our future

During 2012/13 seven Victorian students from Years 9 and 10 participated in the Shrine’s Young Ambassador Program. The Program provides Victorian secondary school students with the opportunity to act as a spokesperson for the Shrine in their school and local community. A significant part of the Ambassadors’ service is to assist at the Shrine on major

2012 - 2013 17

ceremonial occasions. They also take part in a history discovery day in Canberra, attending the Australian War Memorial and the National Archives.

Students who visit the Shrine and display an outstanding enthusiasm for military history and a genuine understanding of the mission of the Shrine are nominated to take part in the program. Teachers are also invited to nominate students at their school who they consider would be ideal for the role. The strength of the program is the way in which it continues to forge strong links between the Shrine of Remembrance and Victorian school students.

The Shrine of Remembrance Annual Dinner

On 13 November 2012 the Shrine of Remembrance held its fifth Annual Dinner at the Melbourne Town Hall. Over 340 guests attended including a number of notable dignitaries. The Shrine was also pleased to welcome members of the 2/14th Battalion Association and the 39th Battalion Association whose bravery andcourageduringtheKokodaCampaignintheSecondWorld War was acknowledged. The keynote speaker was Peter Fitzsimons, introduced by Master of Ceremonies, Richard Stubbs. Guests were entertained with music by the Australian Army Band, Melbourne. Norm Furness, a veteran of the Second World War, was awarded the Shrine of Remembrance Medal.

Corporate Friends Program

Mr Ron Barassi AM continues as Patron to both our Corporate Friends and Friends of the Shrine Programs. The Corporate Friends Program is starting to receive great attention as the Shrine continues to seek out new opportunities and partnerships within the business community. Corporate Friends are recognised on the Shrine website, at the Shrine’s Annual Dinner and within our magazine Remembrance.

Our current Corporate Friends are: the City of Melbourne, Qantas, Bendigo Bank, Port of Melbourne Corporation, Citywide, Talbot Shaw, RSL Victoria, RACV, Toll Group, SIAG, Ryder Levett Bucknall and MonJon.

Friends of the Shrine Program

The Friends of the Shrine along with the Shrine’s Corporate Friends Program help the Shrine to engage with the wider community. Supporters directly contribute by actively taking part in the preservation of the Shrine, the Reserve and the values the Shrine represents. Both programs also support the growing number of varied events and activities the Shrine holds, most importantly our public education programs.

The Friends of the Shrine Program continues to grow with over 547 active members. Members of the Program continue to enjoy unique and exclusive benefits including special advance tickets to the dress rehearsal of the stage production of War Horse; a Guided Military History day tour to Ballarat and the surrounding district; a Military History day trip to the Prisoner of War and Internee camps of Tatura and Murchison and a Friends only Luncheon at Toorak Services Club. The Friends also continue to receive a subscription to our official magazine, Remembrance.

Along with life membership, life association memberships continue to grow. Life Association Members now include: 2/12 Australian Field Regiment, 2/29th Infantry Battalion Association, Australian Army Training Team Vietnam Association (Victoria), British Commonwealth Occupation Forces (Japan) Association,CarryOn(Victoria),KoreanVeterans'Association,Royal Australian Artillery Association, War Widows & Widowed Mother's Association, 39th Infantry Battalion Association Inc. andOddBodsU.K.AssociationInc.

Collection Management

Entry of the Shrine’s digital images into an image management system was completed in 2012/13. The system now holds some 15,643 images. Of these, 10,246 images record commemorative ceremonies and events at the Shrine and in outreach programs in regional Victoria.

The image management system also holds 1,000 records describing the Shrine’s collection allowing for ease of search and retrieval.

Exhibitions at the Shrine

The Shrine’s exhibition programs cater to all Victorians and all visitors to the Shrine. Temporary exhibitions are programmed annually to engage diverse audiences. Through the exhibitions outreach program, touring exhibitions are taken to remote and regional communities throughout the state, with a commitment to sharing our stories with all Victorians. Exhibitions presented on site and in regional Victoria are developed with involvement from veterans, community groups, artists, photographers and academics.


2012/13 Review Of Operations (Cont'd)

Highlights from the 2012/13 Exhibition

Program included:

Medals for Valour

Following the initial three years of the Medals for Valour exhibition, the first changeover of stories was completed in March 2103. The three new stories are of Able Seaman Noel Jack Johnston DSM, Corporal Charles Reginald McCallum DCM and Squadron Leader Paul Joseph McGinness DFC DCM. With assistance from the Victorian Veterans Council, these stories provide a new focus on individual stories of valour every few years and ensure continuous improvement to the Gallery of Medals.

Kokoda, Milne Bay, Beachheads: Australians in Papua July 1942 – January 1943

TheKokodaTrackintheOwenStanleyRangesinPapuaNewGuinea was the setting for three costly campaigns fought during1942-43.ThestoriesofKokodaandthelesserknowncampaigns of Milne Bay and Beachheads were explored in this exhibition. The Allied success in these campaigns helped to bring an end to Japan’s power in Papua and secure Australia’s safety. Visitor numbers were high and conveyed favorable responses.

"It's educational for us. It is not only about keeping the past history in our mind, but also about educating us to cherish the peace today." Peace

This exhibition explored perceptions of peace in our contemporary world and how its meanings have expanded over time to signify much more than the absence of conflict. Peace conveyed the extensive efforts at international, national and local levels in recent decades to secure our world and provide opportunities for creative collaboration. Australia’s role in peacekeeping in the decades since the end of the Cold War in 1989 formed an important part of the narrative. Ultimately the exhibition demonstrated that peace can never be taken for granted and demands our eternal vigilance.

"It is great to see something about peace in this Shrine. Excellent photos, displays, information. Well done!"

The Enemy Within

The Enemy Within revealed a little known aspect of Australia’s history during the Second World War (1939-45). It examined the experiences of prisoners of war and internees held within camps in Victoria between 1939 and 1947. Almost 15,000 internees and 26,000 prisoners of war were held in tin huts behind barbed wire. Many returned to Australia to settle here after the war ended. The exhibition helped to provide an understanding of some of the origins of our multicultural society.

"Well done, interesting presentation, highlighting part of Australia's forgotten history. It brought back memories of childhood at Tatura in Camp 3."

Indigenous Australians at war from the Boer War to the present

During 2012-13 the Shrine’s current touring exhibition, Indigenous Australians at war from the Boer War to the present,hastravelledtotheKoorieHeritageTrust,Geelong,Ballarat, Lake Tyers, Bendigo, Hamilton and Healesville. The exhibition presents little known stories of the widespread participation of Aboriginal and Torres Strait Islanders in the First and Second World Wars and all conflicts and peacekeeping since. Showcasing this history, shared by Indigenous and Non-Indigenous Australians, the exhibition has attracted some 25,000 visitors in twelve venues since the tour commenced in October 2011. It was recognized by the Museums Australia (Victoria) Award for a medium-sized museum in August 2012.

2012 - 2013 19

Key Supporters The Shrine Foundation was established in 2004 to provide ongoing funding for the Shrine’s education and commemorative activities. Trustees are very grateful for the financial and in-kind support of Shrine Foundation members and key donors.

2012/13 members and contributors include:

- The State Government of Victoria, including the Department of Planning and Community Development, Department of Sustainability and Environment, Department of Premier and Cabinet and the Department of Education and Early Childhood Development.

- The City of Melbourne

- Commonwealth Department of Veterans’ Affairs

- Victorian Veterans Council

- Aboriginal Affairs Victoria

- Portland House Foundation

- Norma Hornagold-Tomholt Estate

- Freemason’s Public Charitable Foundation

- Toll Group

- Citywide

- The Wertheimer Family

- Ian Rainford

- Ian & Margaret Ross

- 39th Battalion

- Monash University

- 3AW

- DLA Piper Australia

- Media Monitors

- Image On Line

- ABC Radio

- MonJon

- Yarra Trams

- Fed Square Pty Ltd

- Rider Levett Bucknall

Trustees acknowledge the important support of the Victorian Returned and Services League and Legacy.

The City of Melbourne provides grounds maintenance services and grant assistance towards administrative and secretarial support including payroll, accounting and planning via a Memorandum of Understanding. Victoria Police provide the Shrine Guards. Multinet Gas and Origin Energy provide gas to the Eternal Flame via a Memorandum of Understanding and the Shrine of Remembrance Act.

The 2012 Shrine of Remembrance Annual Dinner would not have been possible without the support from the following:

Partners:

The City of Melbourne

Bendigo Bank

Citywide

Port of Melbourne Corporation

RACV

SIAG

Qantas

Sponsors:

Toll Group

Talbot Shaw

RSL (Vic)

ABC

Maygars Hill

KithbrookEstate

Mal Padgett Design

Belmore Travel

VB (Carlton & United Breweries)

Think Productions


Outlook for 2013/14

2013/14 will see a continuation of our focus on the strategic development of the Shrine’s commemorative and public education programs particularly in the growth of our public education outreach initiatives.

The Galleries of Remembrance project will be a major focus for the Trustees in 2013/14. With the anticipated completion of the Galleries in late 2014, we will need to advance the exhibition concepts and content in conjunction with the architectural design team and to finalise the acquisition and loans of artefacts for the display. In addition we need to ensure that minimal disruption occurs to the delivery of our ceremonial and public education programs during the construction phase.

A critical component of the Galleries project has been the need to relocate staff, collections and storage off-site during the construction period. Essential public contact staff, volunteer guides and Shrine Guards will remain on-site to provide day to day visitor services, ceremonial management and support.

A range of other initiatives will also be pursued during 2013/14 which will add to the Shrine’s commemorative and education experience for all visitors:

• ContinuethetouroftheIndigenousAustraliansatWar travelling exhibition and accompanying school education program in regional Victoria

• ContinuetheShrineregionalpubliclectureprogram

• Completethe5yearLandscapeImprovementPlan

• ProvideexpandedopportunitiesforVictorian school children and the wider Victorian community to better understand the service and sacrifice of Australian servicemen and women through on-site, off-site and online education initiatives.

• ContinueimprovingtheShrine’sCommemorativeProgram

• ContinuethedetailedplanningfortheCentenaryoftheFirst World War in 2014 and the Gallipoli landing in 2015.

2012 - 2013 21

Financial Report 2013


Financial Report

2012 - 2013 23

Financial Report


Financial Report

2012 - 2013 25

Financial Report

Comprehensive operating statement for the year ended 30 June 2013

REVENUE FROM OPERATIONS NOTES 2013 ($) 2012 ($)

Grants 2(a) 3,192,567 2,666,205

Donations and Sponsorships 2(b) 222,010 141,557

Sales of Merchandise 160,879 139,997

Interest Revenue 2(c) 47,638 79,013

Other Income 2(d) 97,295 176,843

Total Revenue from Operations 3,720,389 3,203,615

EXPENSES FROM OPERATIONS

Employee Benefits 3(a) 1,941,301 1,782,293

Depreciation & Amortisation 3(b) & 7 1,021,362 980,568

Repairs and Maintenance 213,602 196,932

Other Expenses 3(c) 1,245,818 1,260,031

Total Expenses from Operations 4,422,083 4,219,824

Net Result (701,694) (1,016,209)

OTHER ECONOMIC FLOWS – Other non-owner

changes in equity

Changes in physical asset revaluation surplus 7 & 11 - 22,746,496

Comprehensive Result (701,694) 21,730,287

The above Comprehensive Operating Statement should be read in conjunction with the accompanying notes to and forming part of the financial report.


Shrine Of Remembrance Trustees

Balance sheet as at 30 June 2013

ASSETS NoTES 2013 ($) 2012($)

Financial Assets

Cash and Cash Equivalents 4 & 10(b) 983,532 1,213,032

Other Financial Assets 5 554,916 -

Receivables 6 84,543 25,305

Total Financial Assets 1,622,991 1,238,338

Non-Financial Assets

Property, Plant and Equipment 7 134,596,045 135,576,456

Intangibles 8 70,930 78,816

Inventories 49,726 46,167

Total Non-Financial Assets 134,716,701 135,701,438

ToTAL ASSETS 136,339,692 136,939,776

LIABILITIES

Payables 9 139,926 84,879

Employee Benefits 10(a) 254,555 207,992

Total Liabilities 394,481 292,871

NET ASSETS 135,945,211 136,646,905

EQUITY

Contributed Capital 54,414,759 54,414,759

Accumulated Surplus 383,602 1,085,296

Reserves 11 81,146,850 81,146,850

ToTAL EQUITY 135,945,211 136,646,905

The above Balance Sheet should be read in conjunction with the accompanying notes to and forming part of the financial report.

2012 - 2013 27


ToTAl EquiTy AccumulATED

SuRpluS

ASSET REvAluATion

RESERvE

conTRibuTED cApiTAl

note 2013 2012 2013 2012 2013 2012 2013 2012

balance at beginning of the financial year

136,646,905 114,916,618 1,085,296 2,101,505 81,146,850 58,400,354 54,414,759 54,414,759

Net Result from Operations

(701,694) (1,016,209) (701,694) (1,016,209) - - - -

Asset Revaluation 11

- 22,746,496 - - - 22,746,496 - -

Contributed Capital

- - - - - - - -

balance at end of the financial year

135,945,211 136,646,905 383,602 1,085,296 81,146,850 81,146,850 54,414,759 54,414,759

Statement of Changes in Equity for the year ended 30 June 2013

The above Statement of Changes in Equity should be read in conjunction with the accompanying notes to and forming part of the financial report.

cASh FlowS FRom opERATing AcTiviTiES noTES 2013 ($) 2012 ($)

Receipts

Grants Received (inclusive of GST) 3,282,872 2,984,594

Donations Received 222,010 141,557

Interest Received 49,642 83,188

Other (Including Sales) (inclusive of GST) 283,553 348,524

payments

Payments to Suppliers (inclusive of GST) (1,579,703) (1,839,664)

Payments to Employees (1,894,738) (1,732,379)

net cash flows from/(used) in operating Activities 12(a) 363,636 (14,180)

cash Flows from investing Activities

Purchase of Bank Term Deposit (554,916) -

Payments for Property, Plant and Equipment (38,220) (217,823)

net cash Flows from/(used) in investing Activities (593,136) (217,823)

cash Flows from Financing Activities

Contributed Capital - -

net cash flows from/(used) in Financing Activities - -

net increase/(Decrease) in cash and cash equivalents (229,500) (232,003)

Cash and cash equivalents at beginning of the financial year 1,213,032 1,445,035

cash and cash equivalents at end of the financial year 12(b) 983,532 1,213,032

Cash Flow Statement for the year ended 30 June 2013

The above Cash Flow Statement should be read in conjunction with the accompanying notes to and forming part of the financial report.



Index

noTE DEScRipTion pAgE

1 Summary of significant accounting policies 28

2 Revenue from Operations 33

3 Expenses from Operations 34

4 Cash and Cash Equivalents 34

5 Other financial Assets - Current 34

6 Receivables 34

7 Property, Plant and Equipment 35

8 Intangibles 37

9 Payables 38

10 Employee Benefits 28

11 Reserves 39

12 Cash flow information 39

13 Superannuation 40

14 Commitments 40

15 Responsible Persons 41

16 Remuneration of auditors 41

17 Financial Instruments 42

18 Contingent Liabilites 44

These annual financial statements represent the audited general purpose financial statements for the Shrine of Remembrance Trustees for the year ended 30 June 2013.

The purpose of the report is to provide users with information about the Shrine of Remembrance Trustees’ stewardship of resources entrusted to it.

(A) Statement of Compliance

These general purpose financial statements have been prepared in accordance with the Financial Management Act 1994 (FMA) and applicable Australian Accounting Standards (AAS) which include Interpretations, issued by the Australian Accounting Standards Board (AASB).

Where appropriate, those AAS paragraphs applicable to not-for-profit entities have been applied.

Accounting policies are selected and applied in a manner which ensures that the resulting financial information satisfies the concepts of relevance and reliability, thereby ensuring that the substance of the underlying transactions or other events is reported.

These annual financial statements were authorised for issue by the Chairman of the Trustees Air Vice-Marshal Chris Spence AO (Rtd) on 19 August 2013.

(B) Basis of Accounting Preparation and

Measurement

The accrual basis of accounting has been applied in the preparation of these financial statements whereby assets, liabilities, equity, income and expenses are recognised in the reporting period to which they relate, regardless of when cash is received or paid.

Notes to the Financial Statement for the year ended 30 June 2013

NOTE 1. SuMMARY OF SIGNIFICANT ACCOuNTING POLICIES

2012 - 2013 29


Judgements, estimates and assumptions are required to be made about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on professional judgements derived from historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revisions to accounting estimates are recognised in the period in which the estimate is revised and also in future periods that are affected by the revision. Judgements and assumptions made by management in the application of AASs that have significant effects on the financial statements and estimates with a significant risk of material adjustments in the next year are disclosed throughout the notes in the financial statements.

These financial statements are presented in Australian dollars, and prepared in accordance with the historical cost convention except for the revaluation of certain non-financial assets and financial instruments as noted. Cost is based on the fair values of the consideration given in exchange for assets.

The accounting policies set out below have been applied in preparing the financial statements for the year ended 30 June 2013, and the comparative information presented in these financial statements for the year ended 30 June 2012.

(C) Revenue Recognition

Grants and donations are recognised as revenues when control over the assets comprising those revenues is obtained. Control is normally obtained upon receipt or upon prior confirmation that the asset has been secured.

Revenue from sales is recognised when goods are handed to the customer.

Interest revenues on investments and cash holdings are recognised as they accrue.

(D) Property, Plant and Equipment

Land and Buildings are recognised initially at cost and subsequently measured at fair value less accumulated depreciation and impairment.

Plant and Equipment are recognised initially at cost and subsequently measured at fair value less accumulated

depreciation and impairment. Depreciated historical cost is generally a reasonable proxy for depreciated replacement cost because of the short lives of the assets concerned.

Non-current physical assets measured at fair value are revalued in accordance with FRD 103D Non-current physical assets. This revaluation process normally occurs at least every five years, based upon the asset’s Government Purpose Classification, but may occur more frequently if fair value assessments indicate material changes in values. Independent valuers are used to conduct these scheduled revaluations and any interim revaluations are determined in accordance with the requirements of the FRD’s. Revaluation increments or decrements arise from differences between an asset’s carrying value and fair value.

Revaluation increments are credited directly to the asset revaluation reserve, except that, to the extent that an increment reverses a revaluation decrement in respect of that class of asset previously recognised as an expense, the increment is recognised as revenue.

Revaluation decrements are recognised immediately as expenses, except that, to the extent that a credit balance exists in the asset revaluation reserve in respect of the same class of assets, they are debited directly to the asset revaluation reserve.

Revaluation increments and decrements are offset against one another within a class of non-current assets, but not otherwise.

(i) Land

Land is valued at its fair value for existing use as the land is subject to a Queen’s Caveat that forbids registration of any transfer or dealing with any part of the land by the entity.

(ii) Heritage Assets

The Shrine of Remembrance building and other war memorial artifacts are classified as Heritage Assets. The Shrine and the other Heritage Assets are valued on the basis of depreciated replacement cost.

(iii) Plant, Equipment, Furniture and Fittings

Plant, equipment, furniture and fittings are recorded at fair value.


NOTE 1. SuMMARY OF SIGNIFICANT ACCOuNTING POLICIES (Cont'd)


Shrine of Remembrance Trustees

(E) Depreciation

Depreciation measures the service potential of heritage assets, plant and equipment and furniture and fittings consumed during the year. Depreciation is recognised on a straight line basis over the useful lives of the assets to the entity. Depreciation rates are reviewed each financial year.

The expected useful lives of the assets for current and prior years are as follows:

Shrine 95 - 180 years

Other Heritage Assets 50 - 150 years

Plant & Equipment 5 - 30 years

Furniture & Fittings 5 - 20 years

(F) Employee Benefits

Employee benefits expenses include all costs related to employment including wages and salaries, leave entitlements, redundancy payments and superannuation contributions. These are recognised when incurred.

(i) Wages and Salaries, annual leave and sick leave

Liabilities for wages and salaries, including non-monetary benefits annual leave and accumulating sick leave are recognised in the provision for employee benefits, classified as current liabilities. Those liabilities which are expected to be settled within 12 months of the reporting period, are measured at their nominal values.

Those liabilities that are not expected to be settled within 12 months are also recognised in the provision for employee benefits as current liabilities, but are measured at present value of the amounts expected to be paid when the liabilities are settled using the remuneration rate expected to apply at the time of settlement.

(ii) Long Service Leave

Liability for long service leave (LSL) is recognised in the provision for employee benefits.

Current liability – unconditional LSL (representing 7 or more years of continuous service) is disclosed as a current liability even where the Shrine does not expect to settle the liability within 12 months because it will not have the unconditional right to defer the settlement of the entitlement should an employee take leave within 12 months.

Non Current liability – conditional LSL (representing less than 7 years of continuous service) is disclosed as a non current liability. There is an unconditional right to defer the settlement of the entitlement until the employee has completed the requisite years of service.

(iii) Superannuation

The Trust contributes to the VicSuper Scheme, an accumulation fund where no on-going employer liability accrues. Employer contributions are based on a fixed percentage of employee earnings in accordance with the Superannuation Guarantee Legislation (9% in 2012/13), (9% in 2011/12).

(G) Contributed Capital

Consistent with Australian Accounting Interpretation 1038 Contributions by Owners Made to Wholly-Owned Public Sector Entities and FRD 119 Contributions to Owners, appropriations for additions to the net asset base have been designated as contributed capital. Other transfers that are in the nature of contributions or distributions that have been designated as contributed capital are also treated as contributed capital.

(H) Comparative Figures

Where necessary, comparative figures have been adjusted to conform with changes in presentation in the current year.

(I) Payables

These amounts represent liabilities for goods and services provided to the Trustees prior to the end of the financial year and which are unpaid. The amounts are unsecured and are usually paid within 60 days of recognition.



2012 - 2013 31




(J) Goods and Services Tax (GST)

Income expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case it is recognised as part of the cost of acquisition of the asset or as part of the expense.

(K) Receivables

Receivables consist predominantly of debtors in relation to goods and services, accrued investment income and GST input tax credits recoverable. A provision for doubtful receivables is made when there is objective evidence that these debts will not be collected. Bad debts are written off when identified.

(L) Inventories

Inventories include goods held for sale. Inventories held for sale are measured at the lower of cost and net realisable value.

(M) Web Site Costs

Costs in relation to web sites controlled by the Trustees are charged as expenses in the period in which they are incurred unless they relate to the acquisition of an asset, in which case they are capitalised as Intangible Assets and amortised over their period of expected benefit (10 years).

(N) Cash and Cash Equivalents

For the purposes of the cash flow statement, cash and cash equivalents comprises cash on hand, cash at bank, bank overdrafts and deposits at call, and highly liquid investments with an original maturity of 3 months or less, that are readily convertible to cash on hand and are subject to insignificant changes of value.

(O) Impairment

If there is an indication of impairment, the assets concerned are tested as to whether their carrying value exceeds their recoverable amount. Where an asset’s carrying value exceeds its recoverable amount, the difference is written-off by a charge to the operating statement, except to the extent that the write down can be debited to an asset revaluation reserve amount applicable to that class of assets.

The recoverable amount for most assets is measured at the higher of depreciated replacement cost and fair value less costs to sell. Recoverable amount for assets held primarily to generate net cash inflows is measured at the higher of the present value of future cash flows expected to be obtained from the asset and fair value, less cost to sell. It is deemed that in the event of the loss of an asset, the future economic benefits arising from the use of the asset will be replaced, unless a specific decision to the contrary has been made.

(P) Resources Provided Free of Charge

The City of Melbourne provides maintenance of the Shrine Gardens and secretariat and administrative support to the Trustees free of charge.

(Q) Events After Reporting Date

There were no events which occurred after the reporting date that require disclosure as a subsequent event.

(R) Rounding of Amounts

Amounts included in the financial statements have been rounded to the nearest dollar.

(S) Economic Dependency

A significant proportion of the revenue is received through grant funding. The Shrine of Remembrance is reliant on this funding to meet its commitments as and when they fall due.

(T) New Accounting Standards and Interpretations

The following standards, amendments to standards and interpretations have been identified as those which may impact the Shrine in the period of initial application.





STAnDARD / inTERpRETATion

SummARy ApplicAblE FoR AnnuAl REpoRTing pERioDS bEginning on

impAcT on public SEcToR EnTiTy FinAnciAl STATEmEnTS

AASB 9 Financial Instruments

This standard simplifies requirements for the classification and measurement of financial assets resulting from Phase 1 of the IASB’s project to replace IAS 39 Financial Instruments: Recognition and Measurement (AASB 139 Financial Instruments: Recognition and Measurement).

1 Jan 2015 Subject to AASB’s further modifications to AASB 9, together with the anticipated changes resulting from the staged projects on impairments and hedge accounting, details of impacts will be assessed.

AASB 11 Joint Arrangements

This Standard deals with the concept of joint control, and sets out a new principles-based approach for determining the type of joint arrangement that exists and the corresponding accounting treatment. The new categories of joint arrangements under AASB 11 are more aligned to the actual rights and obligations of the parties to the arrangement.

1 Jan 2014 Not-for-profit entities are not permitted to apply this Standard prior to the mandatory application date.

Subject to AASB’s final deliberations and any modifications made to AASB 11 for not-for-profit entities, the entity will need to assess the nature of arrangements with other entities in determining whether a joint arrangement exists in light of AASB 11.

AASB 13 Fair Value Measurement

This Standard outlines the requirements for measuring the fair value of assets and liabilities and replaces the existing fair value definition and guidance in other Australian accounting standards. AASB 13 includes a ‘fair value hierarchy’ which ranks the valuation technique inputs into three levels using unadjusted quoted prices in active markets for identical assets or liabilities; other observable inputs; and unobservable inputs.

1 Jan 2013 Disclosure for fair value measurements using unobservable inputs are relatively detailed compared to disclosure for fair value measurements using observable inputs. Consequently, the Standard may increase the disclosures required assets measured using depreciated replacement cost.

AASB 1053 Application of Tiers of Australian Accounting Standards

This Standard establishes a differential financial reporting framework consisting of two tiers of reporting requirements for preparing general purpose financial statements.

1 July 2013 The Victorian Government is currently considering the impacts of Reduced Disclosure Requirements (RDRs) for certain public sector entities, and has not decided if RDRs will be implemented in the Victorian public sector.

2012 - 2013 33



NOTE 2. REVENuE FROM OPERATIONS

noTE 2013 ($) 2012 ($)

2(a) gRAnTS

City of Melbourne 161,580 159,664

Department of Sustainability and Environment - Annual Grant 856,000 827,000

Galleries of Remembrance Project Grant 442,898 -

Department of Planning and Community Development 1,681,480 1,624,041

Other Grants 50,610 55,500

3,192,567 2,666,205

2(b) DonATionS AnD SponSoRShipS

Collection Box - Cash Management 74,338 66,380

Sponsorships 73,125 9,091

Shrine of Remembrance Foundation 73,895 56,086

Other Donations 652 10,000

222,010 141,557

2(c) inTEREST REvEnuE

Interest 47,638 79,013

47,638 79,013

2(d) oThER incomE

Friends of the Shrine 83,460 118,727

Reimbursements 10,635 39,218

Other 3,200 18,898

97,295 176,843

NOTE 3. EXPENSES FROM OPERATIONS

3(a) EmployEE bEnEFiTS

Wages 1,621,359 1,485,120

Superannuation 138,851 136,203

Workcover 20,682 23,869

Annual Leave Expense 118,553 106,061

Long Service Leave Expense 41,856 31,040

1,941,301 1,782,292



noTE 2013 ($) 2012 ($)

3(b) DEpREciATion & AmoRTiSATion

Heritage Assets 914,750 883,500

Plant and Equipment 74,384 75,815

Furniture and Fittings 24,342 21,167

Intangible Assets 7,886 86

1,021,362 980,568

3(c) oThER EXpEnSES

Education 74,475 151,579

Exhibitions 58,738 171,201

Facility Costs 283,084 199,847

Fundraising 74,372 119,813

Loss on sale of assets 5,155 10,400

Marketing 119,526 89,462

Office Expenses 27,594 27,943

Cost of Sales 81,737 72,310

Other Operating 146,284 191,099

Planning 108,316 51,956

Public Programs 21,980 27,053

Galleries of Remembrance Project 159,726 103,991

Lease Expenses 76,510 43,378

Bad Debts 8,321 -

1,245,818 1,260,031 NOTE 4. CASH AND CASH EQuIVALENTS

4 cASh AnD cASh EquivAlEnTS

Cash on Hand 4,328 4,246

Cash at Bank 979,204 808,786

Short Term Bank Deposits (< 3 month maturity) - 400,000

983,532 1,213,032NOTE 5. OTHER FINANCIAL ASSESTS - CuRRENT

5 oThER FinAnciAl ASSETS - cuRREnT

Bank Term Deposits ( > 3month maturity) 554,916 -

554,916 -NOTE 6. RECEIVABLES

6 REcEivAblES

Interest on Investment 2,171 4,175

Other Receivables 82,372 21,130

84,543 25,305


NOTE 3. EXPENSES FROM OPERATIONS (Cont'd)

2012 - 2013 35


noTE 2013 ($) 2012 ($)

7 pRopERTy, plAnT AnD EquipmEnT

land

At fair value 70,000,000 70,000,000

70,000,000 70,000,000

heritage Assets - Shrine of Remembrance

At fair value 123,934,000 123,934,000

Less Accumulated Depreciation (67,188,515) (66,338,000)

56,745,485 57,596,000

heritage Assets - other

At fair value 9,612,128 9,612,128

Less Accumulated Depreciation (2,951,605) (2,887,371)

6,660,523 6,724,757

Total heritage Assets 63,406,008 64,320,757

plant And Equipment

At fair value 1,269,413 1,260,678

Less Accumulated Depreciation (372,959) (308,655)

896,455 952,024

Furniture And Fittings

At fair value 430,133 430,133

Less Accumulated Depreciation (152,456) (128,114)

277,677 302,019

capital works in progress

Works in Progress 15,906 1,656

15,906 1,656

Total property, plant And Equipment 134,596,045 135,576,456


NOTE 7. PROPERTY, PLANT AND EQuIPMENT

The basis of valuation is included under note 1(d) in the notes to and forming part of the Financial Report. The valuations have been conducted as follows:

(i) Valuation of land was determined by the Valuer-General Victoria based on market based direct comparison approach. The effective date of the valuation is 30 June 2012.

(ii Valuation of the Shrine of Remembrance was determined by an independent valuer, Napier & Blakeley Pty Ltd on behalf of the Valuer-General Victoria. The revaluation was based on reproduction and depreciated reproduction cost of the asset and components. The effective date of the valuation is 30 June 2012.

(iii) Valuation of other heritage assets was determined by an independent valuer, Joel Auctions Pty Ltd on behalf of the Valuer-General Victoria. The revaluation was based on fair market value and estimated new replacement cost. The effective date of the valuation is 30 June 2012.

(iv) Plant & Equipment and Furniture & Fittings at fair value as assessed by the trustees annually.




NOTE 7. PROPERTY, PLANT AND EQuIPMENT (Cont'd)

noTE 2013 ($) 2012 ($)

Reconciliations of the carrying amounts of each class of property, plant and equipment at the beginning and end of the current financial year are set out below.

land

Opening Balance (Carrying Amount) 70,000,000 53,742,000

Revaluation - 16,258,000

closing balance (carrying Amount) 70,000,000 70,000,000

heritage Assets - Shrine of Remembrance



Depreciation (850,515) (832,626)


heritage Assets - other


Additions - 33,148


Depreciation (64,234) (50,874)


plant & Equipment

Opening Balance (Carrying Amount) 952,024 982,182

Additions 23,970 49,510

Transfers from Works in Progress - -

Disposals (5,155) (3,853)


closing balance (carrying Amount) 896,455 952,024

Furniture & Fittings


Additions - 92,877

Transfers from Works in Progress - -

Disposals - (6,546)



2012 - 2013 37



NOTE 7. PROPERTY, PLANT AND EQuIPMENT (Cont'd)

noTE 2013 ($) 2012 ($)

capital works-in-progress


Additions 14,250 42,287

Transfer to Heritage Assets - -

Transfer to Intangibles - (78,902)

Transfer to Furniture & Fittings - -


Total


Additions 38,220 217,822

Disposals (5,155) (10,399)

Depreciation (1,013,476) (980,482)

Transfer to Intangibles (78,902)



NOTE 8. INTANGIBLES

8 inTAngiblES

Website Development 78,902 78,902

Less Accum Amortisation (7,972) (86)

70,930 78,816

Opening Balance (Carrying Amount) 78,816 -

Transfer From Works in Progress - 78,902

Amortisation (7,886) (86)

Closing Balance (Carrying Amount)





NOTE 10. EMPLOYEE BENEFITS

10 EmployEE bEnEFiTS

10 (a) current employee benefits

Annual Leave entitlements 91,536 81,123

Long Service Leave entitlements 69,129 39,036

non-current employee benefits

Long Service Leave entitlements 68,889 67,367

Total Employee benefits 229,554 187,526

Current on-costs 17,685 13,312

Non current on-costs 7,316 7,154

Total on-costs 25,000 20,466

Total Employee benefits and related on costs 254,555 207,992

10 (b) Reconciliation of movements

Annual leave

Balance at the beginning of the financial year 90,290 66,171

Additional Provisions 118,553 106,061

Amounts used (106,962) (81,942)

balance at the end of the financial year 101,880 90,290

long Service leave

Balance at the beginning of the financial year 117,702 91,908

Additional Provisions 41,856 31,040

Amounts used (6,883) (5,246)

balance at the end of the financial year 152,675 117,702

The amount of current employee benefits expected to be settled within 12 months after the reporting date is $101,880 for Annual Leave and $0 for Long Service Leave.

NOTE 9. PAYABLESnoTE 2013 ($) 2012 ($)

9 pAyAblES

Accounts Payable 62,137 18,719

GST Payable (20,781) (3,409)

Audit Fees 10,900 11,700

Accruals 87,670 57,869

139,926 84,879

2012 - 2013 39



NOTE 11. RESERVESnoTE 2013 ($) 2012 ($)

11 RESERvES

Asset Revaluation Reserve

Land 48,800,000 48,800,000

Buildings 27,635,828 27,635,828

Other Heritage Assets 4,711,022 4,711,022

Total Reserves 81,146,850 81,146,850

movements in Reserves - Asset Revaluation Reserve

Balance at the beginning of the financial year 81,146,850 58,400,354

Land – Revaluation increments/(decrements) - 16,258,000

Shrine of Remembrance – Revaluation increments/(decrements) - 4,718,884

Other Heritage Assets – Revaluation increments/(decrements) - 1,769,612

balance at the end of the financial year 81,146,850 81,146,850

12(a) REconciliATion oF nET RESulT FoR ThE pERioD

net Result for the year (701,694) (1,016,209)

non-cash movements

Depreciation & Amortisation 1,021,362 980,568

Loss on sale of assets 5,155 10,400

movements in assets and liabilities

(Increase)/Decrease in Receivables (59,238) 55,943

Increase/(Decrease) in Payables 55,047 (88,492)

Increase/(Decrease) in Employee Benefits 46,563 49,914

(Increase)/Decrease in Inventories (3,559) (6,304)

net cash flows from/(used in) operating activities 363,636 (14,180)

12(b) REconciliATion oF cASh AnD cASh EquivAlEnTS

Cash on Hand 4,328 4,246

Cash at Bank 979,204 808,786

Investments - 400,000

balances per cash flow statement 983,532 1,213,032

The Shrine of Remembrance has available the following bank facilities: Credit Card (Mastercard) - limit $25,000

NOTE 12. CASH FLOW INFORMATION




NOTE 14. COMMITMENTS

14 commiTmEnTS

commitments for Expenditure Commitments contracted for at balance date but not recognised in the financial statements as liabilities.

2013 ($) 2012 ($)

14(a) capital commitments

Not later than one year - -

Later than one year and not later than five years - -

- -

14(b) lease commitments

Operating Lease commitment Non-cancellable operating leases contracted for but not capitalised in the financial statements:

Not later than one year 133,549 64,939

Later than one year and not later than five years 110,411 4,706

Total commitments 243,960 69,646

Operating leases include administration office lease for 2 years with two further 2 year options and lease of office equipment.

NOTE 13. SuPERANNuATION

noTE 2013 ($) 2012 ($)

13 SupERAnnuATion

Superannuation Contributions for the reporting period are included as part of employee benefits and on-costs in the operating statement of the entity.

The name and details of the major employee superannuation funds and contributions made by the entity are as follows:

Defined contribution plans 2013 ($) 2012 ($)

VicSuper 63,042 56,301

D Baguley Superannuation Fund 14,797 14,516

Vision Super 14,303 17,474

Other Funds 46,709 47,912

138,851 136,203

2012 - 2013 41



NOTE 15. RESPONSIBLE PERSONS

noTE 2013 ($) 2012 ($)

15. RESponSiblE pERSonS

Trustees

The names of the trustees who held office during the financial year are:

Air Vice-Marshal Chris Spence AO (Rtd) (Chairman) Colonel John Wertheimer AM RFD (Acting Chairman)Maj. Gen. David McLachlan AO (Retd)Wing Commander David Grierson The Right Hon the Lord Mayor Robert Doyle Dr. Helen Drennen Dr. Michael Lawriwsky Ms. Susan Blake Lieutenant Colonel Michelle Ager

Total Remuneration paid or payable during the year to Trustees for sitting fees

2013 ($) 18,025

2012 ($) 8,029

18,025 8,029

Accountable officer

The name of the Accountable Officer who held office during the financial year is: Denis Baguley.

Total Remuneration paid or payable during the year to the Accountable Officer amounted to 180,621 177,522

Responsible persons Related Disclosures

The person who held the position of Minister responsible for the Shrine of Remembrance for the reporting period is as follows:

Hon. Hugh Delahunty, MP, Minister for Veterans Affairs.

Remuneration paid to the Minister for Veterans Affairs, Hon. Hugh Delahunty, MP will be reported in the Annual Report of the Department of Planning and Community Development

Related party Transactions

There are no related party transactions relating to any of the trustees or responsible officers.

NOTE 16. REMuNERATION OF AuDITORS

16. REmunERATion oF AuDiToRS

Victorian Auditor-General’s Office Audit of the financial statements 10,900 11,700


NOTE 17. FINANCIAL INSTRuMENTS

17. FinAnciAl inSTRumEnTS

(i) Significant accounting policies

Details of the significant accounting policies and methods adopted, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised, with respect to each class of financial asset, financial liability and equity instrument are disclosed in Note 1 to the financial statements.

(ii) categorisation of financial instruments

noTES cATEgoRy

cARRying AmounT

2013 ($)

cARRying AmounT

2012 ($)

Financial Assets

Cash and cash equivalents 4 N/A 983,532 1,213,032

Other Financial Assets - 554,916 -

Receivables 5 Receivables 84,543 25,305

1,622,991 1,238,337

Financial liabilities

Payables(a) Liabilities 128,482 57,472

128,482 57,472

(a) The amount of financial liabilities disclosed here excludes statutory payables (e.g. taxes payable).

(iii) credit Risk

Credit risk represents the loss that would be recognised if counterparties failed to perform as contracted. The entity's maximum exposure to credit risk at balance date in relation to each class of recognised financial asset is represented by the carrying amount of those assets as indicated in the balance sheet.

Financial Assets that are either past due or impaired

Currently the entity does not hold any collateral as security nor credit enhancements relating to any of its financial assets. As at the reporting date, there is no indication that the financial assets have been impaired.

There are no financial assets that have had their terms renegotiated so as to prevent them from being past due or impaired, and they are stated at the carrying amounts as indicated. The following table discloses the ageing only of financial assets that are past due but not impaired.


2012 - 2013 43

(iv) liquidity risk

Liquidity risk arises when the entity is unable to meet its financial obligations as they fall due. The entity operates under the policy of settling financial obligations within 30 days and in the event of a dispute, make payments within 30 days from the date of resolution. It also continuously manages risk through monitoring future cash flows and maturities planning to ensure adequate holding of high quality liquid assets and dealing in highly liquid markets. The entity's exposure to liquidity risk is deemed insignificant based on prior periods' data and current assessment of risk. Maximum exposure to liquidity risk is the carrying amounts of financial liabilities.

interest rate exposure and ageing analysis of financial liabilities.

inTEREST RATE EXpoSuRE mATuRiTy DATES

weighted average effective

interest rate %nominal amount

Fixed interest

rate

variable interest

rate

non- interest bearing

less than 1 month

1 month- 3 months

3 months - 1 year

1-5 years

2013

Payables - 128,482 - - 128,482 128,482 - - -

- 128,482 - - 128,482 128,482 - - -

2012

Payables - 57,472 - - 57,472 57,472 - - -

- 57,472 - - 57,472 57,472 - - -

interest rate exposure and ageing analysis of financial assets.

inTEREST RATE EXpoSuRE pAST DuE buT noT impAiRED impAiRED

weighted average effective interest rate %

carrying amount

Fixed interest

rate

variable interest

rate

non- interest bearing

less than 1 month

1 month- 3 months

3 months - 1 year

1-5 years impaired

2013

Cash Assets 0.97% 983,532 - 979,204 4,328 - - - - -

Other Financial Assets 4.20% 554,916 554,916 - - - - - - -

Receivables - 84,543 - - 84,543 - 7,716 - - -

- 1,622,991 554,916 979,204 88,871 - 7,716 - - -

2012

Cash Assets 3.26% 1,213,032 400,000 808,786 4,246 - - - - -

Other Financial Assets - - - - - - - - - -

Receivables - 25,305 - - 25,305 - - - - -

- 1,238,337 400,000 808,786 29,551 - - - - -

NOTE 17. FINANCIAL INSTRuMENTS (Cont'd)





NOTE 17. FINANCIAL INSTRuMENTS (Cont'd)

(v) market Risk

The entity's exposure to market risk is primarily through interest rate risk. Objectives, policies and processes used to manage this risk are disclosed in the paragraph below.

Interest rate risk Exposure to interest rate risk might arise primarily through the entity's cash and deposits. Minimisation of risk is achieved by mainly undertaking fixed rate or non interest bearing financial instruments.

Sensitivity disclosure analysis Taking into account past performance, future expectations, economic forecasts and management's knowledge and experience of the financial markets, the entity believes the movements in the table below are 'reasonably possible' over the next 12 months. The table discloses the impact on net operating result and equity for each category of financial instrument held by the entity at year end as presented to key management personnel, if the above movements were to occur.

NOTE 18. CONTINGENT LIABILITIES

There are no contingent liabilities as at 30th June 2013.

market Risk Exposure

inTEREST RATE RiSk

-1% (100 basis points) +0.5% (50 basis points)

2013 Financial Assets carrying Amount profit Equity profit Equity

Cash Assets 1,538,448 (15,384) (15,384) 7,692 7,692

-1% (100 basis points) +1% (100 basis points)

2012 Financial Assets carrying Amount profit Equity profit Equity

Cash Assets 1,213,032 (12,130) (12,130) 6,065 6,065

(vi) Fair value

The fair values and net fair values of financial assets and financial liabilities are determined as follows:

•Thefairvalueoffinancialassetsandfinancialliabilitieswithstandardtermsandconditionsandtradedinactiveliquidmarkets are determined with reference to quoted market prices; and

•Thefairvalueofotherfinancialassetsandliabilitiesaredeterminedinaccordancewithgenerallyacceptedpricingmodels based on discounted cash flow analysis; and

•Theentityconsidersthatthecarryingamountoffinancialassetsandfinancialliabilitiesrecordedinthefinancialreportto be a fair approximation of their fair values, because of the availability of accurate market prices or their short term nature and the expectation that they will be paid in full.

2012 - 2013 45

The Annual Report of the Shrine of Remembrance is prepared in accordance with all relevant Victorian legislation and pronouncements as far as practicable. This index has been prepared to facilitate identification of the Shrine's compliance with statutory disclosure requirements.

Appendix A - Disclosure Index

Legislation Requirement Page Number

Charter and purpose

FRD 22C Manner of establishment and the relevant Ministers 4

FRD 22C Objectives, functions, powers and duties 3, 4

FRD 22C Nature and range of services provided 4

Management and structureFRD 22C Organisational structure 4, 8

Financial and other informationFRD 8B Budget portfolio outcomes NA

FRD 10 Disclosure index 45

FRD 12A Disclosure of major contracts NIL

FRD 15B Executive officer disclosures 40 - 41

FRD 22C, SD 4.2(k) Operational and budgetary objectives and performance against objectives 12, 13

FRD 22C Employment and Conduct Principles 47

FRD 22C Occupational health and safety 48

FRD 22C Summary of the financial results for the year 25

FRD 22C Significant changes in financial position during the year 25

FRD 22C Major changes or factors affecting performance 12

FRD 22C Subsequent events 31, 48

FRD 22C Application and operation of Freedom of Information Act 1982 47

FRD 22C Compliance with building and maintenance provisions of Building Act 1993 47

FRD 22C Statement on National Competition Policy 47

FRD 22D Application and operation of the Protected Disclosures Act 2012 (formally the Whistleblowers Protection Act 2001)

47

FRD 22C Details of consultancies over $100,000 NIL

FRD 22C Details of consultancies under $100,000 48

FRD 22C Statement of availability of other information 48

FRD 24C Reporting of Office-based Environmental Impacts 48

FRD 25A Victorian Industry Participation Policy Disclosures 47

FRD 29 Workforce Data disclosures 47

FRD 30A Design & Print of Annual Report 48

SD 4.5.5 Risk Management Compliance attestation 48

SD 4.2(b) General Information Requirements 45

SD 4.2(g) Specific Information Requirements 2 - 20

SD 4.2(j) Sign-off requirements 22

Carers Recognition Act 2012 48

SD 4.5.5.1 Ministerial Standing Direction - Insurance 48


Legislation Requirement Page NumberOther disclosures as required by FRDs in notes to the financial statementsFRD 9A Department disclosures of administered assets & liabilities NA

FRD 11 Disclosure of ex-gratia payments NIL

FRD 13 Disclosure of parliamentary appropriations NA

FRD 21B Responsible person and executive officer disclosures 41

FRD 102 Inventories 31

FRD 103D Non-current physical assets 35 - 37

FRD 104 Foreign currency NA

FRD 106 Impairment of assets NIL

FRD 109 Intangible assets 37

FRD 107 Investment properties NIL

FRD 110 Cash flow statements 27

FRD 112C Defined benefit superannuation obligations NIL

FRD 23 Superannuation liabilities and disclosure 40

FRD 113 Investments in subsidiaries, jointly controlled entities & associates NIL

FRD 114A Financial Instruments – General Government Entities & public non-financial corporations NA

FRD 119 Contributions by owners NA

Financial statements required under Part 7 of the FMA

SD 4.2(a) Statement of change in equity 27

SD 4.2(b) Operating statement 25

SD 4.2(b) Balance sheet 26

SD 4.2(b) Cash flow statement 27

Other Requirements under standing Directions 4.2

SD 4.2(c) Compliance with Australian accounting standards and other authoritative pronouncements 28

SD 4.2(c) Compliance with Ministerial Directions 23

SD 4.2(d) Rounding of amounts 31

SD 4.2(c) Accountable officer’s declaration 22

SD 4.2(f) Compliance with Model Financial Report 48

Appendix A - Disclosure Index (Cont'd)

2012 - 2013 47

Appendix B - Other Information

Workforce data

The Shrine of Remembrance Trustees directly employs a Chief Executive, operational staff, casual and contract employees.

The salary of the one executive employee is reported within note 15 of the financial accounts.

The Shrine is also supported by over 100 Volunteer Guides.

Freedom of Information

The Shrine of Remembrance is subject to the provisions of the Freedom of Information Act. The Freedom of Information Act gives individuals and organisations a general right of access to information held by the Shrine of Remembrance. It also provides a right of appeal in relation to decisions to refuse access to information made by the Shrine of Remembrance regarding Freedom of Information requests.

The Trustees received no Freedom of Information requests during 2012/2013.

Requests should be forwarded to Shrine of Remembrance Trustees, GPO Box 1603, Melbourne, Victoria 3001.

The Protected Disclosures Act 2012

The Protected Disclosures Act supersedes the former Whistleblowers Protection Act 2001. The Act encourages and assists people in making disclosures of improper conduct by public officers and public bodies. The Act provides protection to people who make disclosures in accordance with the Act and establishes a system for the matters disclosed to be investigated and rectifying action to be taken. Disclosures of improper conduct or detrimental action by the Trustees or their employees may be made to either the Chairman of Trustees or the Chief Executive Officer. Alternatively, approaches may also be made to:

Independent Broad-based Anti-corruption Commission:

Level 1, North Tower, 459 Collins Street Melbourne, VIC 3000 Phone: 1300 735 135 Internet: www.ibac.vic.gov.au

Employment and Conduct Principles

The Shrine of Remembrance is committed to applying merit and equity principles when appointing staff. The selection processes ensure that applicants are assessed and evaluated fairly and equitably on the basis of the key selection criteria and other accountabilities without discrimination.

National Competition Policy

The Trustees adhere to the principles of the National Competition Policy (NCP) to ensure that any business competition with private entities takes place in an environment where the Trustees have no competitive advantages.

Victorian Industry Participation Policy Disclosures

The Shrine of Remembrance wherever possible, adheres to the Victorian Industry Participation Policy.

During the reporting period, Trustees did not let any contract at or above the required reporting levels.

Financial Management Act 1994

Other information as required under the Financial Management Act 1994, but not specifically referred to, has been retained by the accountable officer and is available to the Minister, Members of Parliament and the public on request.

Cultural Diversity

The Trustees are committed to policies, programs and strategies aimed at delivering culturally appropriate services to all Victorians.

Building Act 1993

During the reporting period the Trustees have complied with the Building Act 1993.

Staff Numbers 2011/2012 2012/2013

Chief Executive 1 1

Shrine Employees (Total) 39 39

Effective Full-time equivalent 24.2 27.75


Occupational Health and Safety

The Shrine Finance and Audit Committee oversee and review OH&S policies and procedures. No hours were lost through workplace accidents during the reporting period.

Consultancies

The Trustees engaged 10 consultancies at a total cost of $156,996.36 during the reporting period. There were no consultancies in excess of $100,000 entered into during the reporting period.

Events occurring after balance date

No material events occurred after balance date.

Model Financial Report

This Annual Report is modelled on the Model Financial Report as far as possible for this entity.

Further information

Information relevant to the headings listed in Financial Reporting Direction 22 of the Financial Management Act 1994 is held at the Shrine and is available on request.

Reporting of Office-based Environmental Impacts

Shrine Trustees implemented several energy efficiency initiatives during the reporting period which primarily focussed on the implementation of improved technology to reduce environmental impacts. These measures are added to previous initiatives including the installation of underground storage for water harvested from the Shrine’s drainage systems and the ongoing upgrade to energy efficient lighting.

Risk Management Compliance Attestation

The Chairman of Trustees, Chris Spence, certifies that the Shrine of Remembrance has risk management processes in place consistent with the Australian/New Zealand Risk Management Standard and an internal control system that enables Trustees to understand, manage and satisfactorily control risk exposures. The

Shrine’s Finance and Audit Committee verifies this assurance that the risk profile of the Shrine has been critically reviewed within the last 12 months.

ministerial Standing Direction 4.5.5.1 – insurance

The Chief Executive Officer certifies that the Shrine of Remembrance has complied with Ministerial Direction 4.5.5.1 – Insurance.

compliance with the carers Recognition Act 2012

The Shrine of Remembrance has taken all practical measures to comply with its obligations under the Act.

Design & print of Annual Report

The Shrine of Remembrance has taken all practical measures to comply with its obligations under the requirements of FRD 30A.

copyright

© State of Victoria, Shrine of Remembrance 2013. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968.

Appendix B - Other Information (Cont'd)

the shrine annual report 2012 - 2013 - shrine of remembrance

Documents