YASS AGED CARE
FOUNDATION INC.
Yass Aged Care Foundation Inc. (YACF) is a NSW Fair Trading registered association formed on 22 October 1990 by citizens of the Yass Valley initially to raise $1 million for the establishment of Horton House Nursing Home. In September 1992 the 31 Bed Horton House Nursing Home commenced operations after a successful fundraising appeal. The project had been effectively started on 17 March 1992 with a bequest by Elsie F Horton of $380,000. Total funds acquired towards the project, including government funding, had been $3.275m (From day one of operations they started with no debt + $50,000 in the bank).
In February 1996 provision was made for a further 4 beds.
The next major fund raising initiative was during 2004/2009 when Warmington Lodge, a local aged care facility, was relocated to a site alongside Horton House. $973,000 was successfully raised within the community and the project completed by 26 November 2007 providing an additional 30 beds.
Horton House and Warmington Lodge are operated by an independent company limited by guarantee, Yass Valley Aged Care Limited (YVACL), and has its own board of directors and professional staff.
To better facilitate the raising of public donations, Yass Aged Care Trust was established on 10 October 2005. The Trust was approved by the Australian Taxation Office as a Deductible Gift Recipient (DGR) and is managed by Yass Aged Care Foundation Inc. whose board of management consists of suitably qualified Yass Valley citizens who volunteer their time gratis.
Board Members
President
Katie Walker
Vice Presidents
Alfred McCarthy
Helen Stone
Paul Turner
Treasurer
Tony Parker
Secretary and Public Officer
Mark McRae
Committee Members
Alison Cooke
Camilla Taylor
Elizabeth Darmody
Jan Minahan
Peter Miller
Tim Gee
On 19 August 2008 the Yass Aged Care Trust received a special bequest from the Estate of the Late Ronald Clarke, the total value of the bequest being a little over $4 million. These funds are invested in leading Australian equities, fixed interest securities and bank term deposits subject to the supervision of the Management Committee and a professional investment adviser Lee Scott from Shaw & Partners. The surplus income derived from this portfolio is reinvested. In the terms of the bequest the funds are applied for the benefit of aged care in the Yass Valley local government area. The Trust operates as an approved ancillary fund under Federal Legislation implemented from 1 January 2012 and by law annually has to distribute 4% of its net asset value (at market value as at the end of the previous financial year) otherwise the foundation would loose it DGR status .
After a major refurbishment was completed in November 2019, Horton House now has 35 single rooms, 26 of which have spacious ensuites. There is also an additional large lounge and dining area named the Clarke Wing and a new staff break room. Warmington Lodge has 28 single ensuited rooms and 2 rooms which share an adjoining bathroom (well suited to a couple).
Up until March 2021 the Trust has distributed a total of $2.18m to Yass Valley Aged Care Limited (YVACL) (Horton House/Warmington Lodge). These funds are use to offset their operational costs, to improve the quality of life of the residents.
Note: the following websites are copyright of the owners.
No sponsorship of, or relationship with, Yass Aged Care Foundation Inc. is inferred by this publication.
YASS VALLEY AGED CARE LIMITED
aged care provider
Yass Valley Aged Care Limited provider of aged and home care services. Operates Horton House and Warmington Lodge. Located in Yass.
Yass Valley Aged Care Limited: www.yassvalleyagedcare.com.au
ASIC’S MONEY SMART
financial guidance
Managing your money, Borrowing & credit, Insurance, Superannuation & retirement, Investing, Scams, Life events & you, Tools & resources.
Australian Investments and Securities Commission: https://www.moneysmart.gov.au/
MYAGEDCARE
aged care regulations & fee estimators (what to expect)
What help can I get? Caring for someone, Healthy and active living, Service Provider pages.
Australian Government – Department of Social Services: http://www.myagedcare.gov.au/
PLANNING AHEAD TOOLS
for future legal, health and financial decisions
Prepare a Will, Make a Power of Attorney, Appoint an Enduring Guardian, Advance Care Planning, Common Questions, More Information.
NSW Government Trustee and Guardian:
http://www.planningaheadtools.com.au/
Aged Care Quality and Safety Commission
The role of the Aged Care Quality and Safety Commission (Commission) is to protect and enhance the safety, health, well-being and quality of life of people receiving aged care.
Aged Care Quality and Safety Commission:
www.agedcarequality.gov.au
Note: Posted for public information by Yass Aged Care Foundation Inc.
President's Report 2020
The 2020 President's report has been published and is available to download as a PDF.
President's Report 2019
The 2019 President's report has been published and is available to download as a PDF.
Yass Aged Care Services Guide
Yass Aged Care Services Guide compiled by Pam Sheppard of Yass Community Health Centre. Download
YASS AGED CARE
FOUNDATION INC.
All Rights Reserved | Yass Aged Care Foundation Inc.