Bush Heritage offers you a practical and measurable way to invest in the conservation of our unique natural heritage.
With a sound financial
model, we are set up to continue the long-term protection of some of Australia's
most endangered species and ecosystems. We aim to be fully accountable and
transparent in all financial matters.
We recognise the
importance – not least to our supporters – of operating in an efficient
manner. To this end, we produce regular,
comprehensive management reports, and the Finance Committee of the Board meet
monthly to review the organisation's performance.
We keep our
administration costs low so that you can feel confident that you are making a
direct contribution to the conservation of the Australian landscape.
Overview
of Financial Year 2008–2009
Our
Annual Financial Report 2008–2009 (see attachment below) provides an overview
of our activities and financial position as at 30 June 2009.
Despite
the downturn in the global economy during this reporting period, Bush Heritage
weathered the storm and emerged in remarkably good shape. By reducing
expenditure and focusing on consolidation, the year-end result was more
positive than expected. Bush Heritage maintained existing conservation
programs, staff and core income over the year. Spending on conservation
activities was up 33 per cent on 2007-08.
Income
Just over $10 million was raised in
donations over the 2008-09 financial year, with grants, bequests and other
income bringing total revenue for the year to just over $12 million.
Donations and gifts were up by 8 per
cent on the previous 12 months. The most significant change to total revenue was
a $6 million decrease in government grants, because Bush Heritage didn't purchase
any new reserves during this time (major land purchases are often supported by government
grants).
Expenditure
Total expenditure for the financial
year was $12.1 million, resulting in a small deficit of $88 000. This came
about as a result of the global financial crisis causing Bush Heritage to write
down the value of our endowment investments. In 2009 there were no land
acquisitions.
Bush
Heritage's cost base grew, as more money was spent on conservation activities
and additional resources were put into the administration area. This was needed
to bring the financial and support systems into line with the significant
growth experienced over the last few years.
Page Last Updated: Thursday 14 February 2008