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Lighthouse Foundation Annual RePORT July 2011 – June 2012 ABN 12 101 549 508

Celebrating 21 years


Design: www.studioinc.net.au / Copy: Fine Lines Writing / Photography: Sharmarose / Printing: BGS Printing

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Our vision: ending youth homelessness together. Our mission: to increase the availability of Lighthouse Foundation’s model of care to homeless young people throughout Australia. Our values: respect courage kindness

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CONTENTS 5 6 8 11 12 13 13 14 17 18 21 22 23 24 27 28 29 30 34

Our Founder’s Message - Susan Barton AM Our Chair’s Message - Bernie Bicknell Our CEO’s Message - Kane Bowden Our Lighthouse Model of Care Our Care Team Care Services Report Our 10th Lighthouse Our Young People Our Community - Volunteers Our Community - Community Committees Our Profile - Events Our Philanthropic Relationships Our Corporate Relationships Our Lighthouse Institute A Financial Snapshot Words of Courage from Our Young People Our Recognition Our Future Directors’ Report

Financial report 42 43 44 45 46 57 58

Statement of comprehensive income Statement of financial position Statement of changes in equity Statement of cash flows Notes to financial statements Directors’ declaration Independent auditor’s report


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Our Founder’s Message Susan Barton AM For 21 years Lighthouse has been a vocal advocate in the community for providing therapeutic care to homeless young people, as an approach to ending youth homelessness. In the beginning our vision was considered by many to be unachievable. But our voice, though small, was heartfelt and determined. I will always be deeply grateful for every single person who heard us in the early years. People understanding the values of community, relationship and family were, and are, the necessary keys to breaking the cycle of homelessness for young people. These committed Lighthouse supporters understand that ending homelessness is not as simple as providing shelter, but it is about providing a home. They understand that we need to tackle the issue of homelessness, not just houselessness. They know that there is a need to address ways to heal young people’s underlying emotional and physical trauma through recovery oriented programs, that holistically address the developmental needs of young people. This shared commitment and values has enabled us over the last 21 years to develop the Therapeutic Family Model of Care™: An attachment and trauma informed therapeutic care program for homeless young people. It is gratifying to see the influence of Lighthouse’s work now spreading internationally as well as locally, particularly through support from leading academics, government decision-makers, and other professionals. Our passionate team of therapeutic Carers continues to work diligently to become masterful at what they do and I am thrilled with the level of growth our young people are achieving in their care. Every day I see young people learning to exercise positive life choices and become active members and leaders in the community. The young people have now contributed to providing a helping hand to others in the community in a variety of ways, as Board members, as parents of their own children, and even as Carers at Lighthouse themselves. It is a great joy to see so many of our most vulnerable young people experiencing the richness of family and love, with a community that surrounds and protects them. If turning 21 means having the keys to end youth homelessness together, then the future is bright. Susan x

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When I reflect on what being 21 means to me, I think of family, celebration, memories, coming of age, hope for the future and being given the keys to life.


Our Chair’s Message Bernie Bicknell 21 Years old..... Lighthouse has come of age!

OUR Board

As Lighthouse Foundation celebrates our 21st birthday, it is timely to pause and take a moment for a health check. I am pleased to report that the vital signs are all strong and healthy. We have in place ten homes caring for thirty eight young people and two babies. During the coming year we will have another home in operation and will begin the building of another, to make a total of twelve homes by 2014.

Our current Directors are: Susan Barton (1991) Bernie Bicknell (2006) Martin Bull (2007) Steve Buxton (2011) Bernie Durkin (2006) Peter Edwards (2012) David Leeton (2012) Richard Lloyd (1997)

We are blessed to have enjoyed a good year, due to the powerful combination of a skilled, stable Care team, a loyal support team and a growing crew of volunteers, donors and sponsors. The combined work of all has enabled us to post a small financial surplus. So, what will the next 21 years bring? What will the role of Lighthouse be in eliminating youth homelessness in the future? These questions have engaged the Board and staff of Lighthouse over the last eighteen months. The response was identifying the need for the Lighthouse Institute. This new division of the Foundation is dedicated to the expansion of the Therapeutic Family Model of Care™ into other organisations. Through the Institute we will teach others how to use the model of care, establish houses on behalf of like minded organisations and assist with training. We have set our sights high and will work hard to disseminate our knowledge and skills nationally. We have also set ourselves the goal of educating the public and government to the realities, causes and social impact of homeless young people. We are resolved that if we are to fully eradicate this social blight in Australia, Lighthouse will have to take a lead role in the fight. Meanwhile, we will maintain our heartland through the continued operation of our homes and by conducting a therapeutic program that successfully cares for and heals at risk young people.

Therese (Terrie) Barton, Company Secretary (1991)

Patrons

Beverley Brock Max Walker Brian Burdekin Michael Crawford Deborra-Lee Furness Clive Lloyd

To those of you who have contributed to the Lighthouse journey over the last 21 years I say, ‘Thank You and Happy Birthday!’ Please continue to unite with us (or rejoin us) in the battle to end youth homelessness in Australia.

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Our CEO’s Message Kane Bowden What an amazing 21 years it has been! It is hard to believe how far we have come from our humble beginnings with a single home in Toorak. Since then we have helped over 600 amazing young people take their rightful place in the community and leave homelessness behind them. It is something of which we should all be fiercely proud.

The next 21 years will see us push towards making our model of family therapeutic care™ a model for the world to follow.

I am certainly proud to be a part of the Lighthouse family. The work we do is so important, not least because everything we do is done with love. It was love that drove Susan to take young people into her own home 30 years ago to begin the journey that culminated in the Lighthouse Foundation. It has been love that has sustained us ever since. When I look back over the 21 years, I am amazed at the quality of people and organisations that have supported us. From the very beginning, our mission has been to end youth homelessness in Australia. With the successful documentation of our Model of Care we are now in a position to actually do it. It is going to require a lot of hard work and a little bit of reorganisation, but that is no different to how it has always been through the years. What I can say is that as an organisation, we have never been stronger and we have never been more loved. Government, corporates and practitioners are all beginning to recognise that our model is the model of the future and we are being supported in our work as we have never been before. The next 21 years will see us push towards making our Therapeutic Family Model of Care™ a model for the world to follow. Together, we can end youth homelessness.

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Our Lighthouse Model of Care Homelessness is the secret shame of Australia. On any given night as many as 100,000 people are homeless in our country and almost half of them are young people. It is a reality that is as sobering as it is unacceptable, but there is an opportunity to change this horrific situation. For more than twenty years, Lighthouse Foundation has been helping homeless young people rebuild their lives and, in doing so, we have developed a huge amount of knowledge and experience. The Lighthouse Therapeutic Family Model of Care™ presupposes that new and constructive behaviours can be learned over time by exposing a young person to carers who relate to them and to each other in a constructive, supportive, helpful, respectful, trusting and loving way. This way of behaving towards others is a persistent and consistent feature of the developing relationship between a young person and their carer(s). There is empirical evidence from a range of disciplines, which demonstrates that if traumatised young people are offered a safe and consistent physical living environment, with positive parental role models, as well as clinical and support services they can: build their sense of self; learn new ways of trusting and relating to others; and develop pro-social behaviours. The Lighthouse Therapeutic Family Model of Care™ doesn’t just give our homeless kids a roof over their heads – it gives these traumatised and vulnerable young people a long-term family style environment. Two carers fulfill the role of a surrogate Mum and Dad living with their ‘kids’ 24 hours a day, 7 days a week. A dedicated team of specialists provides around the clock therapeutic care and rehabilitation. Loving volunteers from all parts of the community become the ‘extended family’ making sure their Lighthouse Home has everything it needs to be a secure and safe environment. The young people stay as long as they need. The goal is to get them ready to learn new skills so they can re-integrate and become contributing members of the community. This is the model of the future. Not only does the Lighthouse Therapeutic Family Model of Care™ allow these young people to regain their self-esteem and become productive members of society it also provides an unprecedented return to the community for every dollar invested. A recent independent report from Social Ventures Australia found that the Lighthouse Therapeutic Family Model of Care™ provided more than $12 of social value for every single dollar spent. We believe that the Lighthouse Therapeutic Family Model of Care™ is the answer to the problem of youth homelessness in Australia.

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Exposing young people to Carers who relate to them in a constructive, supportive, helpful, respectful, trusting and loving way


Our Care Team In the past year, 27 permanent and 12 respite Carers have provided therapeutic residential care in 10 Homes for up to 40 young people at any one time. In addition, more than 60 young people benefited from our Outreach program and continued to make a successful transition into the wider community. The work we do, while challenging, continues to be incredibly rewarding and every day we are further buoyed by the progress our young people are making. That progress has been further enabled by a number of initiatives undertaken by the Care Team over the past twelve months including:

DHS Pathways to Leaving Care Pilot Project

In the past year, 29 permanent Carers and 15 Respite Carers have provided therapeutic residential care in 10 homes for up to 40 young people at any one time.

Lighthouse Foundation is now providing care to young people in the process of leaving state care, through the Pathways to Leaving Care Pilot Project in conjunction with the Department of Human Services. Research suggests that currently between 40-60% of young people leaving state care reenter the cycle of homelessness. In partnering with Lighthouse, the Department of Human Services has recognised that our Therapeutic Family Model of Care™ is uniquely situated to prepare young people to integrate and live inter-dependently within the community. This acknowledges the fact that we work with young people until they are ready to transition, with planning based on developmental age, as opposed to chronological age. The Pathways to Leaving Care Pilot Project will run from the 1st July 2012 to the 30 June 2013 and has formalised our long running DHS relationship.

Shades of Queer (SOQ)

This exciting initiative was developed by the young people at Lighthouse, working with River, a Lighthouse Primary Carer. Together they identified the need for increased support for young gay, lesbian or transgender people within a residential care setting. In response they established SOQ, a support group that meets to provide workshops, recreational and social activities, and a safe place to bond and build relationships. Such has been the success of the initiative that funding has been received through the HEY Grant. The past twelve months have been a period of courage and consideration involving a wide range of partner organisations and stakeholders, working to achieve the vision of ending youth homelessness together.

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Care Services Report

Our 10th Lighthouse

In April of 2012, The Vicki Vidor Home for Mothers and Babies completed its two-year pilot period. Since its opening, the home has cared for seven mothers and their babies, all receiving holistic support provided through the Lighthouse TFMC™. The program fulfils a critical need within the community, as supported housing options for young mothers in Victoria are scarce.

Completion of Mother and Baby Home Pilot

On Wednesday 30 November 2011, the Sandra Bardas City Lighthouse Home officially became the tenth Lighthouse Home in Victoria. Special guests at the opening were the home’s patrons David, Belinda and Elli Bardas.

The Vicki Vidor Lighthouse Home for Young Mothers and Babies is currently being evaluated. We would like to thank our major project funders, Vicki Vidor, the Property Industry Foundation charity and its supporters, our project partners Connections Uniting Care, staff and of course our young mothers and their babies for their courage and commitment to this innovative and crucial initiative.

The home is named as a fitting tribute to David’s late wife, the much loved Sandra Bardas, renowned for her creativity and compassion.

Personal Development and Community Activities

In May of 2012, Lighthouse Foundation held a ‘Passion and Purpose Camp’ at the YMCA on Phillip Island. The feedback was exceptional and we are working to make it an annual Lighthouse event. Workshops were facilitated by our Psychological Wellness Team around self-love, healthy relationships and sexuality. We acknowledge our dedicated care team, generous community and courageous young people who have swum with dolphins, flown in aircraft, and explored the art of cartoon drawing. These programs build skills and confidence, and importantly also fill our young people with positive memories, a key element of the family experience.

Tymur Hussein

Director of Care Services

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The Sandra Bardas City Lighthouse Home will provide essential support for some of our city’s most vulnerable young people. In Jewish tradition Belinda Bardas left gifts of salt, bread and a broom in the kitchen. We would like to express our gratitude to Rowland Pinder, Vanessa O’Hanlon as our MC, guest speakers Chris Chapple from Charter Hall, Lighthouse Carer, River, and Susan Riley, Deputy Lord Mayor of Melbourne for officially opening the home. We also thank Victorian Housing Minister, Wendy Lovell for her commitment to the development of an inner city Lighthouse Home along with partners Wombat and Yarra Community Housing.


Our Young People Today, over 600 young people can call Lighthouse home. These four stories are from current and past Lighthouse young people and remind us how important a loving home can be.

(Names changed to protect identities).

Penny’s story I was 15 when I came to live at my Lighthouse home. My mother had an undiagnosed mental illness and my brother was a heroin addict and one day I simply had enough and left home. I lived at a youth refuge for a while until Lighthouse took me in. I went to high school and worked At 17 I left school and had full for five years. At 19 I was ready married, I have two children and secretary.

in an office doing admin at night. time work with Cabrini Hospital to leave Lighthouse. Now I am full time work as a medical

During my time at Lighthouse I came to realise that the past does not equal my future and I can make positive changes to my life. I still call or email Susan now and again to touch base; it feels like I have another family. I am so happy Lighthouse is still around for other young people.

Bryce’s story Dear Susan, I am now 28 and engaged to my beautiful fiancé and have an amazing little girl who only yesterday turned three. I wanted to write and thank you for the love and care you gave me throughout some very turbulent times in my young adult life. Upon reflection I can see I was deeply troubled and desperately in need of a purposeful direction in life. Lighthouse certainly gave me that opportunity and for this I just want to say thankyou.

Rebecca’s story Lighthouse has given me so much, it’s changed my life... I now know how it feels to be loved and really cared for. It’s everyone in Lighthouse that makes it what it is. Lighthouse is a giant family that’s just amazing! My biggest thanks to everyone, you have filled my life with love and shown me more kindness than I have ever felt and it really seems I have been given new eyes and see more beauty everyday and a new heart that feels whole and warm. Without Lighthouse I don’t know where I would be – deep down I know it’s saved my life. Love always and forever xoxoxo

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Our Community Volunteers Corporate Volunteering

Each year Lighthouse is the beneficiary of the generous support of people from all walks of life who willingly donate their time and skills to support us in ending youth homelessness in Australia.   More than 15 organisations generously shared their employees in support of our young people. In particular we would like to thank The Property Industry Foundation, who with support from WatPac and Pro Build, conducted two large scale working bees at our Cheltenham and Boronia Lighthouse Homes.   We also welcomed a number of office based volunteers who helped out with our Care, Finance, Fundraising and Marketing teams. These volunteers included: - Sally, who collected food from Foodbank on our behalf once a fortnight - Agnieszka, a finance wizard - Meg, regularly helping cover reception - Jarryd and Colin, both examples of a walking database helpdesk   There has also been an increased interest from school groups including Wesley College and Yarra Valley Grammar wanting to fundraise for, find out about and volunteer with Lighthouse. We are currently putting together some programs that will help them do that in the future. Finally, we welcomed interns from Monash University’s Bachelor of Communications and Public Relations course who fulfilled their placement in our Marketing and Fundraising team. Karli Jacobsson liked us so much she decided to stay and was employed full time as our Fundraising and Communications Assistant.

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Thank you to all our volunteers behind the scenes doing whatever needs doing in hundreds of essential ways.


Our Community Community Committees Heathmont held another very successful ‘Share the Love’ Valentine’s Day lunch earlier this year with Governor-General, Her Excellency, Ms Quentin Bryce AC CVO as the key note speaker. Cheltenham held another successful golf day at the prestigious Royal Melbourne with guest speakers Tim Watson and Paul Connors. They also established a gardening subcommittee to tackle the large property out at Cheltenham. Kensington committee was established and committee member Belinda Batty signed up for a “Memorable Challenge” trekking through Vietnam to raise funds for Lighthouse. She has held numerous BBQ’s, movie nights and garnered support locally towards the Kensington home. East Malvern held an inaugural Pie Night with stars from Essendon and Collingwood and also a street art workshop for the young people over Christmas. In addition, East Malvern Chair, Nicola Watts was awarded Stonnington’s Citizen of the Year for Youth award.

Our committees are made up of dedicated and passionate individuals who together become the extended family of our young people, providing them with love, support and resources to ensure that their Lighthouse Home is a home in every sense of the word.

Ballarat held an ‘Evening with Frank Costa’ and continued to develop positive relationships with local Trusts and Foundations. Clayton held a number of successful events including movie nights, sausage sizzles and a Greek dinner as well as supporting the home with a renovation of a bathroom. Boronia always full of energy, raised funds through local schools, band and

movie nights.

Springvale welcomed Paul Ellis from Porsche as the new Chair. They have developed a great relationship with the young people and carers and are busy finding goods for the home’s wish list. Springvale Committee’s Ralph Todisco also embarked on a “Memorable Challenge” cycle/trek through Vietnam to raise funds for Lighthouse. Greenvale Renus Burke with the help of fellow committee member Alison Visbord organised a ‘Twist and Shout’ night including a Beatles cover band. Richmond have been busy fundraising and also sprucing up the home through working bees, planting herb gardens and sourcing turf for the back yard. They are also the recipients of a brand new kitchen courtesy of Cabrini Health.

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Media Our 21 years of advocating for homeless young people is gaining traction with major print and television media who supported Lighthouse with the following coverage:

The Block. The popular Channel 9 show The Block held a team challenge with Lighthouse as the beneficiary. The challenge screened on 7 May and involved all contestants transforming two portable units into funky living spaces that were then delivered to one of our homes for use by our young people. In addition, a donation of $5,000 from iSelect was presented to CEO Kane Bowden by host Scott Cam. Our utmost appreciation goes to Channel 9, all at The Block 2012 and iSelect. The Project. Co-host Dr Andrew Rochford, showed us his support by mentioning the Lighthouse Art Auction on this mass media news program in October. The Kerry Anne Show.

Susan Barton appeared as a guest to acknowledge her being the recipient of the 2011 Brainlink Women of Achievement Award. The award paid tribute to Susan’s dedication to the Australian community as a social entrepreneur.

The Age. The Zone is a weekly multimedia column for The Age. Host Michael Short interviewed Lighthouse CEO Kane Bowden on the issues of youth homelessness and the Lighthouse Model of Care.

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Our Profile Events iSelect’s 2011 Fashion + Aid was held on 10 September 2011 at Crown’s

Palladium Ballroom. A glamorous runway show showcased high profile designers, musicians and performers including 2009 Australian Idol winner Stan Walker.

The Beyond the Bounce Footy Lunch is an annual September event with key football personalities held in the MCG Members Dining Room humorously hosted by Mick Molloy and Jo Stanley. Home is where the Art Is Annual Charity Auction was held in October at Guy Abrahams Gallery in Richmond and featured fabulous, diverse works donated by established and emerging artists. Art bricks artistically decorated by Australian celebrities were also auctioned. The second annual ‘Share the Love’ Valentine’s Day lunch was honoured with a special keynote address by the Governor-General, Her

Excellency Ms Quentin Bryce AC CVO. The event raised $39,000 for the Vicki Vidor home for Young Mothers and Babies.

The Property Industry Foundation Ball was a black tie night at Crown Palladium raising over $100,000 to support a full time Carer and part time health worker at our Heathmont home. A very special book launch

The book, Therapeutic Residential Care for Children and Young People: An Attachment and Trauma-Informed Model for Practice by Susan Barton, Rudy Gonzalez and Patrick Tomlinson was officially launched at Ormond Hall on Tuesday 6 December 2011. Convened by Lighthouse Director, Bernie Durkin, it was a fantastic event with guests including: - Professor Partrick McGorry, Orygen Youth Health and Melbourne University - Associate Professor Philip Mendes, Monash University - Jenny Smith, CEO, Council to Homeless Persons - Associate Professor David McKenzie, Swinburne University - Deputy Lord Mayor Susan Riley - Lighthouse life member, Vicki Vidor - Child Safety Commissioner Bernie Geary.

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Many sponsors, contributors and volunteers work together to make these events a success, and as A result, valuable funds are raised for our young people.


Our Philanthropic Relationships Allan Reid Alpha Group AON Charitable Foundation Pty Ltd Aspen Parks Baker Foundation (the) Besen Family Foundation Bruce Parncutt and Robin Campbell Cabrini Health Campbell Edwards Trust Charter Hall Group Clemenger Group Coca-Cola Foundation Connections Uniting Care Courier (the) David Bardas and Family Dame Elisabeth Murdoch Dessie Kontis Diana Gibson AO ED Black Charitable Trust Equity Trustees FareShare Australia Flew Foundation Flora and Frank Leith Charitable Trust Foster’s Group Genworth Foundation Grosvenor Foundation Helen Macpherson Smith Trust Horizon Films Isobella Foundation (The) Jack and Ethel Goldin Foundation JHK Brunner Charitable Trust Joan Clemenger John Higgins Kimberley Foundation (The) Matt Martino MGI Foundation Pty Ltd Michael & Andrew Buxton Foundation

Mona Georgina Harris Perpetual Charitable Trust Newsboys Foundation Orloff Family Charitable Trust (The) Philip & Vivien Brass Property Industry Foundation Ralph Todisco Ralph & Barbara Ward Ambler Ray & Margaret Wilson Foundation South East Water Tauber-Troeth Foundation Timbeck Charitable Trust Tony & Kitty Stewart United Way Vicki Vidor OAM William Angliss (Vic) Charitable Fund Yeast Foundation

Our philanthropic supporters continue to be incredibly generous supporters of our mission to end youth homelessness in Australia.

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Our Corporate Relationships Financial and pro bono support from our corporate partners brings us a step closer to achieving our mission every day.

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Our Lighthouse Institute Lighthouse Institute is an Australian attachment and trauma informed ‘Centre of Knowledge’ that draws on 21 years of practice at Lighthouse Foundation as well as applied research in the fields of child and adolescent psychology/psychiatry, community psychology, trauma neurobiology studies and clinical practice from around the world. Lighthouse Institute has been developed to expand the work of the Lighthouse Foundation to increase the availability of the innovative Therapeutic Family Model of Care™ to vulnerable young people throughout Australia and internationally. While Lighthouse Foundation administers ten homes in Victoria, Lighthouse Institute is a national body focused on the promotion and the development of attachment and trauma informed practice in work with children and young people. Its aim is to end youth homelessness through community education, training, consultancy and research.

In a watershed moment Lighthouse Foundation has established Lighthouse Institute to assist other organisations in adopting the model to end youth homelessness.

Book success

Therapeutic Residential Care for Children and Young People: An Attachment and Trauma-Informed Model for Practice by Susan Barton, Rudy Gonzalez and Patrick Tomlinson has been positively reviewed by prominent authors: Stuart Hannah from the Northern School of Child and Adolescent Psychotherapy in the UK for the Journal of Psychoanalytic Psychotherapy; and Kim S Golding, Clinical Psychologist and author of Nurturing Attachments. The book is set to be translated into Japanese with 1,500 copies being purchased by the Ministry of Health, Labour and Welfare in Japan as part of their review of out of home care.

Publications and presentations

Following on from the success of the book, Rudy and Susan presented on the content of the book at InPACT psychology professionals conference held in Lisbon, Portugal 26-29 May 2012. Articles published in the past twelve months included: Gonzalez, R., Cameron, C., & Klendo, L. (2012). The Therapeutic Family Model of Care: An Attachment and Trauma Informed Approach to Transitional Planning. Developing Practice, 32, 13-23. Bowden, K. (2012). The Private Sector: Champions of Innovation and Vision. Parity, 25(1), 37. Gonzalez, R. & Bull, C. (2012). The Importance of Youth Participation in Programs for Traumatised Homeless Young People. Parity, (pending publication).

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Lighthouse Model of Care

The Therapeutic Family Model of Care™ Guidance Manual has been professionally printed, bound and delivered to each of the Homes and members of the Care Team. This marks the completion of the Institute’s biggest project to date, namely the documentation of all elements of the Lighthouse Model of Care. The manual is a 500-page guide to successful delivery of the Lighthouse Model of Care, which will become a reference tool for all Model Transfers in future. In addition to the Guidance Manual we have also developed: - a compatibility tool which allows us to assess the readiness of a potential partner organisation to integrate the Lighthouse Model of Care into its structure and culture - an evaluation and quality assurance procedure to support the ongoing operation of a model transfer and to protect the integrity of the Lighthouse Model of Care - a transfer implementation plan setting out each step of a model transfer, names the key people involved, and estimates the length of time required This has all been possible due to the visionary philanthropic support of John Higgins.

Patrick Tomlinson Joins the Team

Patrick Tomlinson has joined the Lighthouse Institute Team in the consultancy role of International Practice Development. Patrick has more than 30 years experience as a leader in the development of programs for traumatised children and young people. He has managed programs in a number of prestigious organisations in the UK including the Cotswold Community, Young Options, the Mary Walsh Institute and SACCS. Patrick is also a published author and has written a number of books including Therapeutic Residential Care for Children and Young People: An Attachment and Trauma-informed Model for Practice, A Child’s Journey to Recovery: Assessment and Planning in Work with Traumatized Children, Therapeutic Approaches in Work with Traumatized Children and Young People – Theory and Practice, and Delivering Recovery for Traumatized Children (Series editor of five books covering: Life Story Work; Therapy; Therapeutic Parenting; Fostering; Assessment and Planning, and Assessing the Needs of Traumatized Children to Improve Outcomes, in Care Planning for Children in Residential Care). Patrick will be based in the USA and UK, and will travel to Australia as programs require his involvement.

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Growth in training

We are regularly invited to lead training for organisations that provide care and support to children, young people and adults in various settings. We have led a number of sessions for Centre for Excellence in Child and Family Welfare, developed a Child Awareness Foundations course for OzChild, and led training on trauma informed practice for Australian Red Cross, Sacred Heart Mission, Hanover Welfare Services and a number of other organisations. “Outstanding training delivered at the highest quality which was tailored to our own organisations’ current need. This training was highly recommended by all staff who attended as it was delivered with an exceptionally personable approach with advanced knowledge based on practice in the field.” Jon Deakin, Assistant Manager – Couples and Singles, Hanover Welfare Services


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A Financial Snapshot For detailed Financial Statements and Treasurer’s Report, please refer to the FINANCIAL SECTION FOR THE YEAR ENDED 30 JUNE 2012. Expenditure 2011/12 financial year

Institute Costs 10%

The majority of Lighthouse monies is spent on costs associated with the direct running of the Lighthouse Homes and care of Young People. Salaries of carers and and care support staff are the largest cost of these categories and are essential for the delivery of the Therapeutic Family Model of Care.

House Costs 46% (including Carers’ salaries and all direct running costs)

Operational Costs 15%

House Costs 46% Care Services Costs 28% Operational Costs 15% Institute Costs 10%

Care Services Costs 28% (including programs, counselling, outreach & support)

Other Income 9%

Institute Donations 19%

Operations continue to be streamlined and represent the smallest category of expenses.

Income 2011/12 financial year

Fundraising (Events and Activities 14%

Fundraising 14% Corporate 12%

Corporate 12% General Donations 32% Philanthropic Trusts 15% Institute Donations 19% Other Income 9%

Philanthropic Trusts 15% General Donations 32%

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In the 2011/12 year, Lighthouse launched a project to expand the use of the Lighthouse model of care in Australia. Costs associated with this project have been separately identified as Institute costs.

Lighthouse Foundation receives income from several main sources, the largest being Donations. Income from General Donations, Institute Donations and Philanthropic Trusts accounted for two thirds of total income and Fundraising accounted for 14% with strong support of several events and activities and dedicated Community Committees. Corporate funding also remained strong.


Words of Courage from Our Young People Lighthouse is unique, transformational, accepting, loving and warm I have felt for the first time in years that I am me again Lighthouse is… a place I can call home and a chance to change I have just finished my exams and have achieved a major milestone of my own- I have finished my Bachelor! So many told me it wouldn’t be possible or wasn’t a wise decision considering my “condition”… WELL I DID IT!

I cannot begin to express what Lighthouse has done for me. For lifting me up out of the gutter and giving me warmth, comfort and not just a home but a family full of love. Love that I struggled to understand but love that is forever with me. I am safe. I am happy. I am loved. I belong. “So what has Lighthouse done for you?” without a thought I said, “they saved my life.” It was as simple and plain as that. I really felt at that time that Lighthouse had saved me; they not only housed me, fed me and clothed me, but they had shown me love. They had provided a loving, safe environment that helped me grow. Lighthouse has never gone away. Lighthouse has been my only constant. My one safe reference. I can’t explain how you all have touched my heart but you have. You all do great jobs but not to just the young people but to each other as well. You all have changed me into a better person and (I) could not have done it without any of you.

I wanted to write to you and firstly thank you for the love and care you gave me throughout some very turbulent times in my young adult life. Upon reflection, I can see that I was deeply troubled and desperately in need of a purposeful direction in life. You and the volunteers at Lighthouse certainly gave me that opportunity (although I probably didn’t appreciate it at the time) and for this I just want to say thank you.

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Our Recognition

The Lighthouse Model of Care and our Founder Susan Barton often receive accolades or are recognised for their achievements. Below is A selection of awards and nominations received in 2011 and 2012. Founders’ Awards:

- Susan won Brainlink’s Women of Achievement award, recognising her capacity to balance the many competing roles in her life as well as her amazing contribution to our community. - Susan won SACS Award for Executive Leadership in the Not for Profit sector recognising the inspirational leadership she offers colleagues, stakeholders and Lighthouse Young People. - Susan was a finalist in the Telstra Business Women’s Awards for her innovative approach to supporting children in out of home care. - Susan was inducted into the Victorian Honour Roll for Women which recognises extraordinary women for their skills, strength and determination. - Susan was a finalist in the Human Rights Awards which has celebrated achievements in Human Rights for the past 25 years.

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“What we do for ourselves dies with us. What we do for others and the world remains…” – Albert Pine


Our Future

21 years is a significant milestone for anyone or anything and it certainly feels like one for Lighthouse. Over the years we have learned so much and come so far and we are very proud of what has been achieved. To have over 600 beautiful young people pass through our doors and to see more than 80% of them break the cycle of homelessness is enormously gratifying. But what makes it so gratifying is knowing how many people have been involved in helping make that happen. At Lighthouse we talk about ‘ending youth homelessness together’ because we know that no single organization or group of individuals can possibly achieve such a lofty aim on its own. There are literally thousands of people who have committed themselves to our cause through their gifts of time, money and love. Every single one of them has made a difference and we thank them all.

“The best thing about the future is that it comes one day at a time” - Abraham Lincoln

Thanks to them, as an organization, we have never been stronger. We are now in a position to take the Lighthouse Model of Care and partner with other wonderful organisations in the not-for-profit sector to tackle this problem of youth homelessness right across Australia. In the coming years you will be seeing and hearing a lot more from Lighthouse as a voice for change and a passionate advocate for the vulnerable young people in our society. Best of all, just as it has been for the last 21 years, we know that in the years to come, we won’t be alone. Those thousands of people who have supported us until now will remain and thousands more will join them. Together, we can end youth homelessness in Australia and, together, we will.

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FINANCIAL SECTION FOR THE YEAR ENDED 30 JUNE 2012 ABN 12 101 549 508

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508

Directors’ Report

DIRECTORS' REPORT

The directors present their report together with the financial report of Lighthouse Foundation for the year ended 30 June 2012 and auditors report thereon. This financial report has been prepared in accordance with Australian Accounting Standards. Directors names The names of the directors in office at any time during or since the end of the year are: Susan Barton AM Richard Lloyd Bernie Durkin Bernie Bicknell Martin Bull Thomas Hogg (Resigned 22 March 2012) Marie Joyce (Resigned 19 April 2012) Steve Buxton Vicki Vidor OAM (Appointed 17 May 2012) Peter Edwards (Appointed 21 June 2012) David Leeton (Appointed 21 June 2012) The directors have been in office since the start of the year to the date of this report unless otherwise stated. Results The surplus of the company for the year amounted to $94,072. Review of operations The company continued to engage in its principal activity, the results of which are disclosed in the attached financial statements. Significant changes in state of affairs There were no significant changes in the company's state of affairs that occurred during the financial year, other than those referred to elsewhere in this report.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 DIRECTORS' REPORT Company objectives To end youth homelessness in Australia by supporting homeless young people to take their rightful place in the community by giving them a home, a family and therapeutic care that is trauma informed, individually tailored and proven to work. Strategies to achieve objectives: • • • • • • • • • • • •

Operate 10 Therapeutic Family Model of Care Homes Continue operating the Outreach program Establish the Lighthouse Institute Develop Lighthouse Training, Research and Consultancy Review Lighthouse’s two database systems (On For Life and DonMan) Review Lighthouse’s Communications Function Further develop relationships with potential community services partner organisations Complete the Guidance Manual that outlines the Therapeutic Family Model of Care Further develop the Therapeutic Outcomes Assessment Tool to measure therapeutic outcomes Continue to strengthen our relationship with the Department of Human Services Communicate the Social Ventures Australia, Social Return on Investment Report Maintain Quality Improvement & Community Services Accreditation (QICSA)

Principal activities The principal activity of the company during the year was to provide long term accommodation and therapeutic care for disadvantaged young people in Lighthouse live-in and outreach programs. Other activities included the provision of professional development training to community service organisations and preparatory work to transfer the Lighthouse Therapeutic Family Model of Care to other agencies. No significant change in the nature of these activities occurred during the year. Company performance Lighthouse Foundation have achieved the following during the past year of operations: • Established the Lighthouse Institute • Increased the number of young people in our care • Completed a manual on how to transfer the Lighthouse Model to another agency • Developed partnerships with several other agencies • Increased external Professional Development, Training and Consultancy • Further strengthened the relationship with the Department of Human Services • Re-structured Lighthouse’s Marketing & Communications • QICSA and HASS accreditation retained • Secured necessary revenue to operate all programs • Further improved business processes and systems

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 DIRECTORS' REPORT After balance date events No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in future financial years. Likely developments Lighthouse expects to continue to operate its existing Homes and Outreach program, develop three further sites at which it will operate Lighthouse programs for homeless young people and establish five homes in partnership with a community services organisation. Environmental regulation The company's operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory. Information on directors and company secretary Susan Barton AM Qualifications

Experience

Richard Lloyd Qualifications Experience

Certificate IV in Youth Work, RMIT; Certificate in Counselling and Psychotherapy; Certificate in Parent Effective Leadership Training, Swinburne TAFE; Certificate IV in Workplace Assessment; Accredited Business School for Entrepreneurs. Susan is the founder of the Lighthouse Foundation and has been a Lighthouse Board member since 1991. Susan has developed the Lighthouse Model of Care for youth at risk, and has had significant experience in caring for young people for over 25 years. Susan is also the co-author of “Build Your Teenager’s Self-Esteem” and co-author of “Therapeutic Residential Care for Children and young people": An Attachment and Trauma Informed Model for Practice”. Susan is currently on the board of MECWA and Patron of Victoria Day Council. Diploma in Hotel Management and Catering Operations. Managing Director, James Dickson & Co Pty Ltd; Director, National Confectionery Wholesalers Ltd, National Distribution (SA) Pty Ltd, Statewide Distribution Pty Ltd. Richard has been a Lighthouse Foundation Board Member since 1997, and was Chairperson from 2001 to 2003. He has also served on numerous Lighthouse committees during this time.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 DIRECTORS' REPORT Information on directors and company secretary (Continued) Bernie Durkin Qualifications Experience

Bernie Bicknell Qualifications Experience

Martin Bull Qualifications Experience

Thomas Hogg Qualifications

Experience

Bachelor of Social Work; Bachelor of Theology Bernie is the General Manager, Regional Counselling Services, Health Promotion and Service Development for EACH – Social and Community Health. He has previous management experience across a number of sectors – Huntingtons disease, Sudden Infant Death Syndrome, homelessness, street-based drug and alcohol work, neighbourhood renewal, victims of crime and problem gambling. CPA, GAICD Bernie Bicknell has worked in senior business roles in Australia, New Zealand and U.S.A. These include Chief Financial Officer at I.C.I. Paints North America and Chief Executive Officer at Mitre 10. Bernie is a CPA and is currently the Chief Operating Officer with Godfreys Group of companies. Bernie was also the founding Chair of The Pines Lighthouse Community Committee that has supported the Lighthouse home in Cheltenham since 2002. CA - Financial Planning Specialist CPA, CFP Martin is Director and Principal of Bull Garth Financial Services, a firm of Specialist Financial Advisers. Martin is a chartered accountant and a certified financial planner and has been advising clients in taxation planning, wealth accumulation and financial advising for over 25 years. Martin was also a founding member of the Pines Lighthouse Community Committee that has supported the Lighthouse home in Cheltenham, since 2002. Bachelor of Commerce Cert of Business Administration (both Melb Univ ) Company Directors Diploma (Order of Merit) Sydney Univ Qualified Commercial Arbitrator Fellow Australian Institute of Company Directors Fellow Australian Institute of Public Administration Since 1997, Principal of Thomas Hogg Consulting - advising in applied economics, management, corporate strategy and governance. CEO (Secretary) of two Victorian Government Departments - Sport and Recreation and Industry Development. CEO of the Australian Manufacturing Council. Director on 14 company boards over the past 20 years. Former Chairman and President Diabetes Australia Victoria.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 DIRECTORS' REPORT Information on directors and company secretary (Continued) Marie Joyce Qualifications

Experience

Steve Buxton Qualifications Experience

Bachelor of Arts (Hons.) Master of Educational Psychology Doctor of Philosophy Registered Psychologist (endorsed for practice in Clinical Psychology) Marie is an Honorary Fellow at the Australian Catholic University in Melbourne. She is an academic and clinical psychologist, with wide experience in clinical practice, university teaching, research and administration. She is a Fellow of the Australian Psychological Society and formerly chaired the APS Ethical Guidelines Committee. She is a founding member of the Refugee Tertiary Education Committee which works to bring university education to camp-based refugees. In June 2006 she provided a report to the Board of the Lighthouse Foundation on an evaluation of the Lighthouse Model of Care. Bachelor of Business (Monash) Post Grad Degree in Property (RMIT) Steve has been actively involved in the property development and real estate industries since 1990. Steve is currently the Joint Managing Director of Hamton Property Group, a highly acclaimed property developer specialising in Melbourne’s residential apartment and ancillary retail sectors. Prior to Hamton’s establishment in 2006, Steve was the founder of BDP and the co-founder of Red.C, both successful property development companies. Prior to that, Steve had development and sales and marketing roles at MAB Corporation and sales and leasing roles in both residential and commercial real estate firms.

Vicki Vidor OAM Experience

Peter Edwards Experience

Vicki is a Company Director of The Victor Smorgon Group. Vicki has been a member of the Lighthouse Foundation since 1994. Vicki has served on numerous fundraising committees with Lighthouse Foundation during that time. Peter is Managing Director of the Victor Smorgon Group. The Group’s ventures include Property, Consumer Retail, Recycling & Renewable Manufacturing, and Sustainable Agriculture. Peter is a Trustee of the National Gallery of Victoria and the Julian Burton Burns Trust. He is a board member of SECUREcorp Pty Ltd and Chairman of the Jewish Museum of Australia Foundation.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 DIRECTORS' REPORT Information on directors and company secretary (Continued) David Leeton Qualifications Experience

B.Bus (Bkg & Fin); GradDip Acc; CPA member David joined the Victor Smorgon Group in 1997 and was promoted to the position of Chief Financial Officer in 2002. David is directly responsible for the financial reporting, financing and treasury for the group. David sits on the investment board and is actively involved in all facets of the business. David is a Trustee of the Victor Smorgon Charitable Fund, a director of the Victor Smorgon Scholarship Fund trustee company, secretary for the Trustee of the Fouress Foundation, the Victor Smorgon Institute at Epworth and The Philanthropic Investor Club. David is the secretary of all Victor Smorgon Group entities.

Meetings of directors Directors

Directors' meetings Number eligible to attend

Susan Barton AM Richard Lloyd Bernie Durkin Bernie Bicknell Martin Bull Thomas Hogg Marie Joyce Steve Buxton Vicki Vidor OAM Peter Edwards David Leeton

11 11 11 11 11 7 8 11 2 1 1

Number attended

11 10 8 11 8 6 8 10 2 1 1

Members guarantee The company is incorporated under the Corporations Act 2001 and is a company limited by guarantee. If the company is wound up, the Constitution states that each member undertakes to contribute an amount not more than $100 to the property of the company if it is wound up while he or she is a member or within one year after he or she ceases to be a member, for: (a) payment of the company's debts and liabilities contracted before the time he or she ceases to be a member (b) the costs, charges and expenses of winding up; and (c) the adjustment of the rights of the contributories among themselves.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 DIRECTORS' REPORT Indemnification of officers During or since the end of the year, the company has given indemnity or entered an agreement to indemnify, or paid or agreed to pay insurance premiums as follows: During the year the company has paid a premium in respect of an insurance contract to indemnify the directors of the company against liabilities that may arise from their position as directors of the company. Further disclosure required under section 300(9) of the Corporations Act 2001 is prohibited under the terms of the contract. Auditor's independence declaration A copy of the auditor's declaration under section 307C of the Corporations Act 2001 in relation to the audit for the financial year is provided with this report. Proceedings on behalf of the company No person has applied for leave of Court to bring proceedings on behalf of the company or intervene in any proceedings to which the company is a party for the purpose of taking responsibility on behalf of the company for all or any part of those proceedings.

Signed on behalf of the Board of Directors.

Director: Peter Edwards

Director: David Leeton

Dated this

29th day of October 2012

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An independent Victorian Partnership ABN 27 975 255 196

LIGHTHOUSE FOUNDATION ABN 12 101 549 508 AUDITOR'S INDEPENDENCE DECLARATION TO THE DIRECTORS OF LIGHTHOUSE FOUNDATION In relation to the independent audit for the year ended 30 June 2012, to the best of my knowledge and belief there have been: (i)

No contraventions of the auditor independence requirements of the Corporations Act 2001; and

(ii) No contraventions of any applicable code of professional conduct.

K L BYRNE

PITCHER PARTNERS

Partner

Melbourne

Date: 31 October 2012

-8Liability limited by a scheme approved under Professional Standards Legislation

41

Pitcher Partners, including Johnston Rorke, is an association of independent firms Melbourne | Sydney | Brisbane | Perth | Adelaide An independent member of Baker Tilly International


LIGHTHOUSE FOUNDATION ABN 12 101 549 508 STATEMENT OF COMPREHENSIVE INCOME

Statement of comprehensive FOR income THE YEAR ENDED 30 JUNE 2012 Note

Revenue Less: expenses Depreciation and amortisation expense Employee benefits expense Finance costs Office expenses External labour expenses House running expenses Event costs Other expenses

2012 $

2011 $

2

3,105,796

2,353,250

3

(81,919) (1,960,621) (33,884) (214,558) (210,614) (172,854) (162,163) (175,111) (3,011,724)

(92,711) (1,768,147) (29,359) (208,363) (201,214) (130,248) (102,581) (115,549) (2,648,172)

94,072

(294,922)

-

-

94,072

(294,922)

-

-

94,072

(294,922)

3

Surplus / (deficit) before income tax expense Income tax expense

1 (c)

Surplus / (deficit) from continuing operations Other comprehensive income for the year Total comprehensive income

The accompanying notes form part of these financial statements. -942


LIGHTHOUSE FOUNDATION ABN 12 101 549 508 STATEMENT OF FINANCIAL POSITION

Statement of financial position AS AT 30 JUNE 2012

Note

Current assets Cash and cash equivalents Receivables Other assets

2012 $

5 6 7

580,998 30,339 11,102

246,677 66,195 12,828

622,439

325,700

4,661,091

4,725,489

Total non-current assets

4,661,091

4,725,489

Total assets

5,283,530

5,051,189

77,768 878,337 132,471 165,112

81,983 863,549 126,752 27,000

1,253,688

1,099,284

31,673

29,492 18,316

31,673

47,808

Total liabilities

1,285,361

1,147,092

Net assets

3,998,169

3,904,097

3,998,169

3,904,097

3,998,169

3,904,097

Total current assets Non-current assets Property, plant and equipment

Current liabilities Payables Borrowings Provisions Other liabilities

8

9 10 11 12

Total current liabilities Non-current liabilities Long term borrowings Provisions

10 11

Total non-current liabilities

Equity Accumulated surplus Total equity

13

The accompanying notes form part of these financial statements. - 10 43

2011 $


LIGHTHOUSE FOUNDATION ABN 12 101 549 508 STATEMENT OF CHANGES IN EQUITY Statement of changes in equity FOR THE YEAR ENDED 30 JUNE 2012 Accumulated surplus $

Total equity $

Balance as at 1 July 2010

4,199,019

4,199,019

Deficit for the year

(294,922)

(294,922)

Total comprehensive income for the year

(294,922)

(294,922)

Balance as at 30 June 2011

3,904,097

3,904,097

Balance as at 1 July 2011

3,904,097

3,904,097

Surplus for the year

94,072

94,072

Total comprehensive income for the year

94,072

94,072

3,998,169

3,998,169

Balance as at 30 June 2012

The accompanying notes form part of these financial statements. - 11 44


LIGHTHOUSE FOUNDATION ABN 12 101 549 508

Statement of cash flows

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2012 Note

Cash flow from operating activities Donation, fundraising and boarding income received Payments to suppliers and employees Interest received Finance costs

2012 $

3,574,837 (3,175,459) 1,052 (21,501)

2,647,837 (2,848,019) 1,056 (16,000)

378,929

(215,126)

(17,521)

(17,948)

Net cash provided by / (used in) investing activities

(17,521)

(17,948)

Cash flow from financing activities Payments of hire purchase finance charges Repayment of borrowings

(12,383) (14,704)

(13,359) (21,728)

Net cash provided by / (used in) financing activities

(27,087)

(35,087)

Reconciliation of cash Cash at beginning of the financial year Net increase / (decrease) in cash held

246,677 334,321

514,838 (268,161)

580,998

246,677

2

Net cash provided by / (used in) operating activities Cash flow from investing activities Payment for property, plant and equipment

Cash at end of financial year

8

5

The accompanying notes form part of these financial statements. - 12 45

2011 $


LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS Notes to financial statements FOR THE YEAR ENDED 30 JUNE 2012 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards - Reduced Disclosure Requirements, Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001. The financial report was approved by the directors as at the date of the directors' report. The financial report is for the entity Lighthouse Foundation as an individual entity. Lighthouse Foundation is a company limited by guarantee, incorporated and domiciled in Australia. Lighthouse Foundation is a not-for-profit entity for the purpose of preparing the financial statements. The following is a summary of the material accounting policies adopted by the company in the preparation and presentation of the financial report. The accounting policies have been consistently applied, unless otherwise stated. (a) Basis of preparation of the financial report Historical Cost Convention The financial report has been prepared under the historical cost convention, as modified by revaluations to fair value for certain classes of assets as described in the accounting policies. (b) Revenue Revenue from the rendering of services is recognised upon the delivery of the service to the customers. Income arising from donations or the contribution of an asset to the entity shall be recognised when: a) the entity obtains control of the contribution or the right to receive the donation/contribution; b) it is probable that the economic benefits comprising the donation/contribution will flow to the entity; and c) the amount of the donation/contribution can be measured reliably. Interest revenue is recognised when it becomes receivable on a proportional basis taking in to account the interest rates applicable to the financial assets. Other revenue is recognised when the right to receive the revenue has been established. Revenue from trust distributions is recognised when the right to receive a distribution has been established. All revenue is stated net of the amount of goods and services tax (GST). (c) Income tax No provision for income tax has been raised as the company is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (d) Financial instruments Classification The company classifies its financial assets into the following categories: financial assets at fair value through profit and loss, loans and receivables, held-to-maturity investments, and available-for-sale financial assets. The classification depends on the purpose for which the instruments were acquired. Management determines the classification of its financial instruments at initial recognition. Non-derivative financial instruments Non-derivative financial instruments consist of investments in equity and debt securities, trade and other receivables, cash and cash equivalents, loans and borrowings, and trade and other payables. Non-derivative financial instruments are initially recognised at fair value, plus directly attributable transaction costs (if any), except for instruments recorded at fair value through profit and loss. After initial recognition, non-derivative financial instruments are measured as described below. Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They are measured at fair value at inception and subsequently at amortised cost using the effective interest rate method. Non-interest bearing loans and receivables are designated as receivable 'at call' and are therefore recognised at their face value at inception. Financial liabilities Financial liabilities include trade payables, other creditors and loans from third parties including inter-company balances and loans from or other amounts due to director-related entities. Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal payments and amortisation. Non-interest bearing loans and payables are payable on demand and are therefore recognised at their face value at inception.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (e) Property, plant and equipment Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation and any accumulated impairment losses. Plant and equipment Plant and equipment is measured on the cost basis. The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net cash flows which will be received from the assets employment and subsequent disposal. The expected net cash flows have been discounted to present values in determining recoverable amounts. Depreciation The depreciable amount of all fixed assets are depreciated over their estimated useful lives commencing from the time the asset is held ready for use. Class of fixed asset Buildings at cost Plant and equipment at cost Motor vehicles at cost

Depreciation rates 1 - 2.5% 18.75 - 37.5% 15 - 22.5%

Motor vehicles under lease Furniture, fixtures and fittings at cost

15% 7.5 - 20%

Computer equipment at cost

37.5 - 40%

Depreciation basis Straight line and Diminishing Value Diminishing value Straight line and Diminishing Value Straight line Straight line and Diminishing Value Diminishing value

(f) Impairment Assets with an indefinite useful life are not amortised but are tested annually for impairment in accordance with AASB 136. Assets subject to annual depreciation or amortisation are reviewed for impairment whenever events or circumstances arise that indicate that the carrying amount of the asset may be impaired. An impairment loss is recognised where the carrying amount of the asset exceeds its recoverable amount. The recoverable amount of an asset is defined as the higher of its fair value less costs to sell and value in use.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (g) Leases Leases are classified at their inception as either operating or finance leases based on the economic substance of the agreement so as to reflect the risks and benefits incidental to ownership. Finance leases Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the company are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. The interest expense is calculated using the interest rate implicit in the lease and is included in finance costs in the statement of comprehensive income. Leased assets are depreciated on a straight line basis over their estimated useful lives where it is likely that the company will obtain ownership of the asset, or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Operating leases Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are recognised as an expense on a straight-line basis over the term of the lease. Lease incentives received under operating leases are recognised as a liability and amortised on a straight-line basis over the life of the lease term. (h) Employee benefits (i) Short-term employee benefit obligations Liabilities arising in respect of wages and salaries, annual leave and any other employee benefits expected to be settled within twelve months of the reporting date are measured at their nominal amounts based on remuneration rates which are expected to be paid when the liability is settled. The expected cost of short-term employee benefits in the form of compensated absences such as annual leave is recognised in the provision for employee benefits. All other short-term employee benefit obligations are presented as payables. (ii) Long-term employee benefit obligations Liabilities arising in respect of long service leave and annual leave which is not expected to be settled within twelve months of the reporting date are measured at the present value of the estimated future cash outflow to be made in respect of services provided by employees up to the reporting date. Employee benefit obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting date, regardless of when the actual settlement is expected to occur. (i) Borrowing costs Borrowing costs can include interest, amortisation of discounts or premiums relating to borrowings, ancillary costs incurred in connection with arrangement of borrowings, including trade creditors and lease finance charges. Borrowing costs are expensed as incurred.

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (j) Comparatives Where necessary, comparative information has been reclassified and repositioned for consistency with current year disclosures.

NOTE 2: REVENUE Fundraising Donations Interest income Board and lodgings Government grants Trusts and Foundations

2012 $

2011 $

559,191 1,872,932 1,052 124,860 110,321 437,440

298,841 1,199,881 1,056 105,006 29,599 718,867

3,105,796

2,353,250

21,501 12,383 33,884

16,000 13,359 29,359

81,919 -

92,711 98

NOTE 3: OPERATING SURPLUS / (DEFICIT) Surplus / (deficit) before income tax has been determined after: Expenses: Finance costs Interest paid Finance lease charges Depreciation Bad and doubtful debts

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 2012 $ NOTE 4: KEY MANAGEMENT PERSONNEL COMPENSATION Compensation received by key management personnel of the company - short-term employee benefits - post-employment benefits

2011 $

193,850 17,177 211,027

189,567 17,060 206,627

1,461 579,537 580,998

1,552 245,125 246,677

8,315 22,024 30,339

52,310 13,885 66,195

The names of directors who have held office during the year are: Name Susan Barton AM Richard Lloyd Bernie Durkin Bernie Bicknell Martin Bull Thomas Hogg Marie Joyce Steve Buxton Vicki Vidor OAM Peter Edwards David Leeton

Appointment / resignation details

(Resigned 22 March 2012) (Resigned 19 April 2012) (Appointed 17 May 2012) (Appointed 21 June 2012) (Appointed 21 June 2012)

The names of key management personnel during the year are: Name Kane Bowden Susan Barton AM

Position Chief Executive Officer Director/ Founder

NOTE 5: CASH AND CASH EQUIVALENTS Cash on hand Cash at bank NOTE 6: RECEIVABLES CURRENT Trade debtors Other receivables

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 2012 $

2011 $

NOTE 7: OTHER ASSETS CURRENT Prepayments

11,102

12,828

4,774,130 (240,369) 4,533,761

4,759,122 (204,543) 4,554,579

56,651 (34,929) 21,722

55,629 (24,483) 31,146

Motor vehicles at cost Accumulated depreciation

265,600 (183,019) 82,581

265,601 (166,596) 99,005

Motor vehicles under lease Accumulated depreciation

23,732 (23,732) -

23,732 (22,139) 1,593

Furniture, fixtures and fittings at cost Accumulated depreciation

92,403 (86,279) 6,124

90,912 (81,183) 9,729

164,760 (147,857) 16,903 127,330 4,661,091

164,760 (135,323) 29,437 170,910 4,725,489

4,554,579 15,008 (35,826) 4,533,761

4,583,411 5,406 (34,238) 4,554,579

NOTE 8: PROPERTY, PLANT AND EQUIPMENT Land and buildings At cost Accumulated depreciation

Plant and equipment Plant and equipment at cost Accumulated depreciation

Computer equipment at cost Accumulated depreciation Total plant and equipment Total property, plant and equipment (a) Reconciliations Reconciliation of the carrying amounts of property, plant and equipment at the beginning and end of the current financial year Land and buildings Opening carrying amount Additions Depreciation expense Closing carrying amount

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 2012 $

2011 $

NOTE 8: PROPERTY, PLANT AND EQUIPMENT (CONTINUED) (a) Reconciliations (Continued) Plant and equipment Opening carrying amount Additions Depreciation expense Closing carrying amount

31,146 1,022 (10,446) 21,722

36,692 6,750 (12,296) 31,146

Motor vehicles Opening carrying amount Depreciation expense Closing carrying amount

100,598 (18,017) 82,581

123,979 (23,381) 100,598

9,729 1,491 (5,096) 6,124

14,111 1,045 (5,427) 9,729

29,437 (12,534) 16,903

42,059 4,747 (17,369) 29,437

4,725,489 17,521 (81,919) 4,661,091

4,800,252 17,948 (92,711) 4,725,489

30,878 46,890 77,768

50,689 31,294 81,983

Furniture, fixtures and fittings Opening carrying amount Additions Depreciation expense Closing carrying amount Computer equipment Opening carrying amount Additions Depreciation expense Closing carrying amount Total property, plant and equipment Carrying amount at 1 July Additions Depreciation expense Carrying amount at 30 June NOTE 9: PAYABLES CURRENT Unsecured liabilities Trade creditors Sundry creditors and accruals

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 2012 $

2011 $

NOTE 10: BORROWINGS CURRENT Secured liabilities Bank loans Loans - other Hire purchase liability

367,883 480,963 29,491 878,337

371,883 480,963 10,703 863,549

-

29,492

NON CURRENT Secured liabilities Hire purchase liability

(a) Terms and conditions and assets pledging as security relating to the above financial instruments Borrowings are secured by : (a) Registered mortgage over the property at Springvale. (b) Registered mortgage over the property at East Malvern. (c) Registered mortgage over the property at Ballarat. (b) Loans - other These loans relate to funds loaned to Lighthouse Foundation from various Charitable foundations to purchase the Frankston, Heathmont and Boronia homes. The loans are on an interest free basis and have been classified as current liabilities in accordance with AASB101 Presentation of Financial Statements as Lighthouse Foundation does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. These loans are secured by loan agreements with the Charitable foundations, whereby if Lighthouse Foundation breaches the agreements the loans will become repayable. Despite being classified as current liabilities, the directors of Lighthouse Foundation have reasonable grounds to believe that these loans will not be called upon by the lenders within the next 12 months. NOTE 11: PROVISIONS CURRENT Employee benefits

(a)

132,471

126,752

NON CURRENT Employee benefits

(a)

31,673

18,316

164,144

145,068

(a) Aggregate employee benefits liability

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LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 2012 $

2011 $

NOTE 12: OTHER LIABILITIES CURRENT Deferred income NOTE 13: ACCUMULATED SURPLUS Accumulated surplus at beginning of year Surplus / (deficit) for the year Accumulated surplus at end of year

165,112

27,000

3,904,097 94,072 3,998,169

4,199,019 (294,922) 3,904,097

NOTE 14: RELATED PARTY TRANSACTIONS (a) Related party transactions The names of each person holding the position of Director of Lighthouse Foundation during the financial year have been disclosed in Note 4. Details of directors' remuneration, superannuation and retirement payments are set out in Note 4. NOTE 15: CONTINGENT LIABILITIES Under the Department of Human Services (DHS) funding agreement for the purchase of various properties, if a property is sold within 15 years of the grant funding being provided some or all of the original grant amount may be repayable. Subject to these funding agreements the DHS has registered mortgages over the following properties: (a) Springvale (b) East Malvern (c) Frankston (d) Chelsea (e) Clayton (f) Heathmont (g) Boronia Directors have no present intention to sell any of these properties.

- 22 55


LIGHTHOUSE FOUNDATION ABN 12 101 549 508 NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2012 NOTE 16: MEMBERS' GUARANTEE The company is incorporated under the Corporations Act 2001 and is a company limited by guarantee. If the company is wound up, the Constitution states that each member undertakes to contribute an amount not more than $100 to the property of the company if it is wound up while he or she is a member or within one year after he or she ceases to be a member, for: (a) Payment of the company's debts and liabilities contracted before the time he or she ceases to be a member; (b) The costs, charges and expenses of winding up; and (c) The adjustment of the rights of the contributories among themselves. NOTE 17: COMPANY DETAILS The registered office of the company is: Lighthouse Foundation 13 Adolph Street Richmond VIC 3121

- 23 56


LIGHTHOUSE FOUNDATION ABN 12 101 549 508

Directors’ declaration

DIRECTORS' DECLARATION

The directors of the company declare that: 1.

The financial statements and notes, as set out on pages 42-56, are in accordance with the Corporations Act 2001: (a) comply with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Regulations 2001; and (b) give a true and fair view of the financial position as at 30 June 2012 and performance for the year ended on that date of the company.

2.

In the directors' opinion there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.

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

Director: Peter Edwards

Director: David Leeton Dated this 29th day of October 2012

- 24 57


An independent Victorian Partnership ABN 27 975 255 196

FOUNDATION Independent auditor’s reportLIGHTHOUSE ABN 12 101 549 508 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LIGHTHOUSE FOUNDATION We have audited the accompanying financial report of Lighthouse Foundation, which comprises the statement of financial position as at 30 June 2012, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors' declaration. Directors' Responsibility for the Financial Report The directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards – Reduced Disclosure Requirements and the Corporations Act 2001, and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement in the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the company's preparation of the financial report that gives a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified audit opinion. Independence In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001.

- 25 Liability limited by a scheme approved under Professional Standards Legislation

Pitcher Partners, including Johnston Rorke, is an association of independent firms Melbourne | Sydney | Brisbane | Perth | Adelaide An independent member of Baker Tilly International

58


An independent Victorian Partnership ABN 27 975 255 196

LIGHTHOUSE FOUNDATION ABN 12 101 549 508 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF LIGHTHOUSE FOUNDATION

Basis for Qualified Opinion Donations and fundraising are a significant source of revenue for the Lighthouse Foundation. The Lighthouse Foundation has determined that it is impracticable to establish control over the collection of all donations and fundraising prior to entry into its financial records. Accordingly, as the evidence available to us regarding revenue from this source was limited, our audit procedures with respect to donations and fundraising had to be restricted to the amounts recorded in the financial records. We therefore are unable to express an opinion whether donations and fundraising of the Lighthouse Foundation recorded are complete. Qualified Opinion In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph, the financial report of Lighthouse Foundation is in accordance with the Corporations Act 2001, including: (a)

giving a true and fair view of the company's financial position as at 30 June 2012 and of its

(b)

complying with Australian Accounting Standards - Reduced Disclosure Requirements (including the

K L BYRNE

PITCHER PARTNERS

Partner

Melbourne

Date: 31 October 2012

- 26 Liability limited by a scheme approved under Professional Standards Legislation

59

Pitcher Partners, including Johnston Rorke, is an association of independent firms Melbourne | Sydney | Brisbane | Perth | Adelaide An independent member of Baker Tilly International


Working with community to break the cycle of homelessness 13 Adolph St, Richmond VIC 3121 P. 03 9093 7500 F. 03 9093 7555 office@lighthousefoundation.org.au www.lighthousefoundation.org.au 60


Lighthouse Foundation Annual Report 2011-2012  
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