K W Knight & Associates

Transcription

1 K W Knight & Associates t/as FALCAD PTY LTD ABN ACCOUNTANTS & REGISTERED TAX AGENT INDEPENDENT AUDIT REPORT TO THE MEMBERS OF THE AUSTRALIAN INSTITUTE OF INTERNATIONAL AFFAIRS (CANBERRA BRANCH) INCORPORATED I have audited the financial report of the Australian Institute of International Affairs (Canberra Branch) Incorporated for the period ended 30 June The Association is responsible for the preparation and presentation of the financial report. I have conducted an independent audit of the financial report in order to express an opinion on it to the members of the Association. My audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance whether the financial report is free of material misstatement. My procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial report, and the evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion whether in all material respects, the financial report is presented fairly in accordance with Accounting Standards, other mandatory professional reporting requirements and relevant statutory requirements so as to present a view which is consistent with my understanding of the Association's financial position and governance performance as represented by the results of its operations and its cash flows. The audit opinion expressed in this report has been formed on the above basis. Audit Opinion In our opinion: (a) The financial statements of the above named association are properly drawn up: (i) (ii) (iii) So as to give a true and fair view of the assets and liabilities of the Association as at 30 June 2012, the income and expenditure and cash flows of the Association for the financial year ended on that date and other matters required by subsection 72(2) of the Associations Incorporation Act to be dealt with in the financial statements. In accordance with the provisions of the Associations Incorporations Act; and In accordance with Australian Accounting Standards and other mandatory professional reporting requirements. (b) (c) (d) I have obtained all the information and explanations which to the best of my knowledge and belief were necessary for the purpose of the audit; and Proper accounting records and other records have been kept as required by the Act. The report is limited to the extent we cannot account for cash received. Keith Knight (FPNA) Accountant 28/08/2012 Telephone P O Box 4750 HIGG1NS ACT 2615 r\ii\ Facsimile accounting(5)kwknight.com.au

2 THE MEMBERS OF THE AUSTRALIAN INSITUTE OF INTERNATIONAL AFFAIRS (CANBERRA BRANCH) INCORPORATED STATEMENT BY MEMBERS OF THE COMMITTEE In the opinion of the Committee the accompanying accounts: (a) Present fairly the financial position of the Association (b) and the results of Association for the year ended on that date. (c) Have been prepared and presented in accordance with applicable Statements of Accounting Concepts and applicable Australian Accounting Standards. The statement is made in accordance with a resolution of the Committee and is signed for and on behalf of the Committee by: Chairman. Treasurer. Dated this day of 2012

3 Australian Institute of International Affairs (Canberra Branch) Incorporated Financial Statements For the Year ended 30 June 2012

4 Australian Institute of International Affairs (Canberra Branch) Im Annual Report for the Year Ended 30 June 2012 Contents Page Balance Sheet 2 Profit & Loss Statement with Appropriation Statement 3

5 Australian Institute of International Affairs (Canberra Branch) Incorporated Balance Sheet As at 30 June $ $ Equity Asset Revaluation Reserve 9,762 Retained Profits 21,258 11,191 Total Equity 21,258 20,953 Represented by: Current Assets Petty Cash Advance Bank-Westpac ,501 1,418 WBCBCR ,320 4,825 WBCT/D ,088 5,088 WBC T/D ,301 5,000 WBCT/D ,300 5,000 23,709 21,474 Total Assets 23,709 21,474 Current Liabilities Superannuation Contributions Surcharge 219 Provision for PAYG Non-Current Liabilities Accounts Payable 2,232 2,232 Total Liabilities 2, Net Assets 21,258 20,953

6 Australian Institute of International Affairs (Canberra Branch) Incorporated Profit and Loss Statement For the Year ended 30 June $ Income Seminars/ Door Takings Special Events Membership Dues Sundry Income Meeting Proceeds Donations Received Interest Received Expenditure Advertising Auditor's Remuneration Book Keeping Expenses Bank Charges Capitation Fees Filing Fees - Annual Registration Insurance Meeting Costs Office Equipment Postage Printing & Stationery Rent - Meeting Room Hire Secretarial Fees Sundry Expenses Superannuation Contributions Telephone Profit before Income Tax 19, , , , , ,228 8, , ,021 20, , , , ,843 1, ,310 8, , The accnmnnrrvinv nnff>? fnrn