2006 Annual Report
Summary
- All medical General Practitioners in the South Island of New Zealand are beneficiaries of the Trust.
- The Trust aims to empower leadership in General Practice.
- The Trust aims to nurture leaders. Once we have identified talented people we will use our resources to aid their development.
- The Trust is passionate about the efficient delivery of health care through provider or community owned General Practice Teams.
- The Trust plans to use its resource to build a more robust General Practice sector. We envisage doing this by supporting innovation, education and leadership.
- The Trust has had a successful year with its investments and is in a sound position financially. A more detailed financial report follows.
Highlights of 2005-2006
- South Link Education Trust annual Queenstown conference. More clinical and less politics this year.
- Medical Leadership Development Seminar in Wellington. Invited students had a high level insight into the planning and working of the health sector. A highlight for us.
- Third and final tranche of medical books distributed.
- Support for medical student organisations both nationally and at Otago University.
- Sponsorship of Hospice New Zealand conference.
- Funded discussion paper via IPAC 'Ownership in Primary Care: Critical success factor or Red Herring' by Pauline Barnett.
- Funded continuation of GP Business Survey via IPAC.
- Supported Harry Pert in his fact finding mission to NHS.
- Provided scholarship for GP Training position on West Coast.
The Trust is developing its role within the primary health industry in the South Island. The Trustees would welcome feedback and suggestions from General Practitioners as to where they would see benefit could be gained by use of our resource.
Stephen Brown
Chairman
Board of Trustees
South Link Educational Trust
Summary of Financial Performance for the 12 months ended 30th June 2006
Income | 2006 | 2005 | |
Donations | - | - | |
Investment Income | 1,550,477 | 844,941 | |
Total Income | 1,550,477 | 844,941 | |
Operating Expenses | |||
Audit Fees | 1,553 | 1,600 | |
South Link Health Management Fee | 10,000 | 10,010 | |
Total Costs | 11,553 | 11,610 | |
Surplus prior to distributions | 1,538,924 | 833,331 | |
Distributions | |||
Conference Costs | 144,177 | 125,239 | |
Director of Education | - | 12,500 | |
General Expenses | 1,092 | - | |
IPAC Conference | - | 20,000 | |
IPAC Sentinel Survey | 50,000 | - | |
Matagouri Club | 5,000 | 10,000 | |
Medical Books | 29,939 | 89,856 | |
Sponsorship | 74,944 | - | |
Total Distributions | 305,152 | 257,595 | |
Net surplus (deficit) for year | 1,233,772 | 575,736 |
South Link Educational Trust
Summary of Financial Position as at 30th June 2006
ACCUMULated funds | 2006 | 2005 | |
Opening Accumulated Funds | 10,518,856 | 9,943,120 | |
Plus Surplus (Deficit) for year | 1,233,772 | 575,736 | |
Total Accumulated Funds | 11,752,628 | 10,518,856 | |
Represented by: | |||
Current Assets | |||
ASB Bank | 52,370 | 19,216 | |
Accounts Receivable | - | - | |
GST Receivable | 17,328 | 13,172 | |
Total Current Assets | 69,698 | 32,388 | |
Investments | |||
Forsyth Barr Ltd - Managed Funds | 11,775,574 | 10,511,427 | |
Total Assets | 11,775,574 | 10,511,427 | |
Less Current Liabilities | |||
Accounts Payable | 92,644 | 24,959 | |
Net ASSETS | 11,752,628 | 10,518,856 |
The above financial summaries have been extracted from the South Link Education Trust’s full financial audited accounts. If you would like to receive a copy of the full accounts, audited by WHK, please contact Dianne Railton at South Link Health.