Lyndoch Looking To the Future with Sound Finances

on the Friday, October 20, 2017

Lyndoch Living’s 65th Annual General Meeting, has emphasised the organisation’s strong financial position and commitment to the community, as well as highlighting the exciting developments currently underway to give Warrnambool’s grand dame of aged care a fresh and energetic revamp. 

CEO Doreen Power reflected on the past 12 months which has seen Lyndoch Living expand and develop its community networks, resulting in strong partnerships and alliances with the community that in turn support and enhance the services it offers. 

“The culture of our organisation has become progressive, with staff openly enthusiastic about our future and the positive difference we can make in the lives of those we care for,” Ms Power said. 

“Our commitment to excellence in service delivery and our pride in sharing the great stories that happen here every day has been recognised by various peak bodies by way of the many awards that Lyndoch has received over the last year.”

Welcomed to the Board during 2016/17 were Mr Kane Grant and Mr Peter Downs. With the retirement of longstanding Board member Mr Ron Patterson, this vacancy was taken up by Associate Board member Mr Jacob Taylor. 

“This year has been significant for the Board in working together to operationalise the Masterplan, aligning with understanding the Aged Care Health Reforms and addressing future business modelling to meet the changes to our current service models,” Ms Power said.

“Our vision is to provide a new face for Lyndoch; to improve the quality of all our accommodation; to be able to be adaptive and dementia enabling; to promote individual independence through assistive living; provide a range of choices for retirement living and engage with our community.”

During the AGM, Mr Ron Patterson was recognised for his years of service on the Lyndoch Board through the award of a Life Governorship.  “This award that has been well and truly earnt,” Ms Power said.  “The importance of which can only be acknowledged by the fact that only one other such award has been granted over the last 15 years.” Financial statements were presented by the Board Treasurer, Mr Kane Grant. For the 2016/17 financial year Lyndoch recorded a profit of $847,563. 

 “This result has been driven by two key initiatives, to maximise occupancy within our aged care facilities and the Aged Care Funding Instrument maximisation project respectively,” Ms Power said.

 “Both initiatives have resulted in the development of team work and improved business practices supported by consistent internal frameworks resulting in improved financial and resident outcomes.” 

 Ms Power said Lyndoch has continued to take on strategic opportunities to strengthen and embed Lyndoch as an influential organisation for positive change within the region. 

“Lyndoch is investing in the future as a leader to ensure that we not only meet community needs but exceed them,” she said.

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