Australian Federal Police Assoc ation

Australian Federal Police Assoc ation - Nat onal Council
Financial Statements
For the Year ended 30th June 2004
tralian Federal Police Assoc ation - National Council
pons for
Committee Members
members
onathan Hunt Sharman
Richardson
William Conroy
David Boston
Dennis Gellatly
Laurence Hutchison
James Torr
Tim Roberts
Gary Shute
Greg Turkich
Rick McQualter
Davey
h Zuzek
Dennis Gellatly
Sean Chamberlain
Paul Wesley
Lisa Turner
Steven Dametto
Ronald Presswell
Roland Fleischer
Ian Bridle
Marianne Tully
Mark Townsend
Bill Graham
Richard Sme
John Straskye
Margaret Da
Mark Jager
Chris Collingwood
John Power
Adam Masters
Robert Blount
Blaise Q'Shaughnessy
Errol Fries
Russell Rowell
Sean Holman
Christine Geissler
Tom Hester
Peter Maddocks
James Torr
I Lymbery
Allwell
Hicks
John Whitehead
Elizabeth Brooks
William Graham
Annette Dodsworth
Paul Ryan
Chris Buttner
stralian Federal Police Association - National Council hereby present
ended 30th June 2004.
30th June 2004 are
ice President - Federal Opera
e President - Commercial Operations
ice President - Community Operations (Resigned 22/07/03)
e President - Community Operations (Appointed 22/07/03)
Branch Executive Officer (Resigned 02/01/04)
Chief Executive Officer (Appointed 18/10/03)
ACT Weston and Woden Zone Co-Ordinator (Resigned 22/07/03)
Workplace Delegate Contract Policing (Appointed 22/07/03; Re-elected 13/03/04)
ACT Traffic & Airport Zone Co-Ordinator (Resigned 22/07/03)
ACT Traffic & Airport Zone Co-Ordinator (Resigned 13/03/04)
ACT Tuggeranong Zone Co-Ordinator (Resigned 22/07/03)
Workplace Delegate Contract Policing (Appointed 22/07/03; Re-elected 13/03/04)
Zone Co-ordinator Contract Policing (Appointed 22/07/03 ; Re-elected 13/03/04)
ACT Winchester, Belconnen & Gungahlin Work Place Delegate (Resigned 13/03/04)
Workplace Delegate Federal Policing (Resigned 18/10/03; Re-elected 13/03/04)
NSW Intelligence and Investigations Work place Delegate (Resigned 22/07/03)
NSW Intelligence and Investigations Work place Delegate
(Appointed 22/07/03; Resigned 13/03/04)
(Resigned 13/03/04)
VIC and TAS Intell
cted 13/03/04)
Workplace Delegate Federal Policing
Workplace Delegate Federal Policing
Zone Co-Ordinator Federal Policing (Re-elected 13/03/04)
WA Intelligence and Investigations Zone Co-Ordinator (Resigned 13/03/04)
Co-Ordinator (Resigned 13/03/04)
International and Federal Operations Zone Co-Ordinator (Resigned 13/03/04)
International and Federal Operations Work place Delegate (Resigned 13/03/04)
Zone Co-Ordinator National Policing Services (Re-elected 13/03/04)
r (Resigned 22/07/03)
o-Ordinator Overt Protective Policing
(Appointed 22/07/03 ; Re-elected 13/03/04)
Knowledge Management Zone Co-Ordinator (Resigned 13/03/04)
Policy and Planning Zone Co-Ordinator (Resigned 22/07/03)
Policy and Planning Zone Co-Ordinator (Appointed 22/07/03; Resigned 13/03/04)
Workplace Delegate Federal Policing (Re-elected 13/03/04)
e Co-Ordinator Corporate (Re-elected 13/03/04)
e-elected 13/03/04)
Workplace Delegate Corporate (Re-elected 13/03/04)
Ordinator (Resigned 13/03/04)
Physical Surveillance Zone Co-Ordinator (Resigned 13/03/04)
Workplace delegate for Winchester, Belconnen and Gungahlin Zone
(Resigned 13/03/04)
Miscellaneous Zone Co-Ordinator (Appointed 22/07/03 ; Resigned 18/10/03)
Zone Co-Ordinator Covert Protective Policing (Elected 13103/04)
lace Delegate Forensics (Elected 13103/04)
g (Elected 13/03/04)
Delegate Federal Policing (Elected 13/03/04)
Workplace Delegate Forensics (Elected 13/03/04)
Workplace Delegate Federal Policing (Elected 13/03/04)
Workplace Delegate Corporate (Elected 13/03/04)
Workplace Delegate Forensics (Elected 13/03/04)
Zone Co-Ordinator Surveillance (Elected 13/03/04)
Workplace Delegate Forensics (Elected 13/03/04)
Workplace Delegate Contract Policing (Elected 13/03/04)
Association
National Council
e been no significant changes in the state of the Association's affairs during the financial
The Association's total Profit/ (Loss) after tax for the year ended 30th June 2004 was $373,944
I representative of employees in the law enforcement industry
Register of members
The resister of members of the Association is available for inspection at the office of the Association
n ACT 2600.
Australian Fe
Association - National Council
ement by Members of the Committee
The committee members of the Association hereby declare that:
(i)The accompanying financial statements and notes of the Association as at 30 June 2004;
a) pres
nd fair view of the Association's financial position as at 30 June 2004 and its
for the year ended on that date;
b) comply
requireme
and
lian Accounting Standards and other mandator
c) there is reasonable grounds to believe that the Association will
when they become payable. .
rofessional reporting
t
debts as and
(ii)There have been no instances during the financial year to, which the accounts relate w
records of the Association or other documents (not being documents containing information
made available to a member of the organisation under sub-section 274 of the Workplace
Relations Act 1996) or copies of those records, or documents, or copies of the Rules of the
organisation have not been furnished or made available, to members in accordance
requires of the Act in Regulations thereto, or the Rules of the organisation ; and
Association has complied with sub-sections 252(l), (3) and (5) of the Act in relation to the
financial accounts in respect of the previous financial year and the auditors' report there
(iv)In the opinion of the committee, meetings of the committee were held during the year ended 30
June 2004 in accordance with the rules of the Association .
t is made in accordance with a resolution of the committee .
Chief Executive Officer
Dated this
Day
2004
Australian Federal Police Association - National Council
counting Officer's
1, Jon Hunt-Sharman, being the Officer responsible for keeping the accounting record's of the
Australian Federal Police Association - National Council, certify that as at 30 June 2004 the number
of financial members of the Association was 2,764.
In my opi
The attached accounts show a true and fair view of the financial affairs of the Association as
at 30 June 2004:
(ii)
A record has been kept of all moneys paid by, or collected from, members and all moneys so
paid or collected have been credited to the bank account to which those moneys are to be
credited, in accordance with the rules of the Association ;
(iii)
Before any expenditure was incurred by the Association, approval of the incurring of the
expenditure was obtained in accordance with the rules of the Association ;
ith regard to funds of the Association compulsory levies or voluntary contributions from
members, or funds other than the General fund operated in accordance with the Rules, no
payments were made out of any such fund for purposes other than those which the fund was
operated ;
(v)
No loans or other
I bene ts, other than remuneration in respect of their full-time
employment with the Association, were made to persons holding office in the Association
Register of Members of the Association was maintained in accordance with the
Workplace Relations Act 1996 .
Hunt-Sharman
National President
Dated this
day of
Scope
responsible for the
an opinion on them to the members of the Association
cordance with Australian Auditing Standards to
reasonable assurance whether the financial report is free of material misstatement . Our p
included the evaluation of accounting policies and significant accounting estimates and examination,
t basis, of evidence supporting the amounts and other disclosures in the financial report.
dares have been undertaken to form an opinion whether, i
in accordance with Australian Accounting
professional reporting requirements in Australia, so as to present a view which is
consistent with our understanding of the Association's financial position, the results of its operations
and its cash flows .
opinion expressed in this report has been formed on the above basis .
In our opinion
Accounting Standards and
financial position of the Association as at
flows for the year then ended .
MARROW BLUHM
HARRY H BLUHM
Partner
D
11
Australian
ions! reporting requirements in Australia the
and the results of its operations and cash
Federal Police Association
Statement of Financial Performance
For the Year ended 30 June 2004
Note
2004
2003
2
1,619,201
1,386,665
Expenses from ordinary activities, excluding borrowing costs 3
1,245,257
1,004,763
373 .944
381 .902
Revenues from ordinary activ ties
Profit from ordinary activities before income tax
Income tax relating to o
Profit from ordinary activities after related ncome tax
Total movement in equity of the Association
These
381,902
373,944
The accompanying notes form part of these financial statements .
ancial statements have been subject to audit and should be read in conjunction with the attached compilation repo
Federal Police Ass
Statement of Fins
I Position
As at 30 June 2004
Note
CURRENT ASSETS
Cash
Receivables
I
Other
TOTAL CURRENT ASSETS
NON-CURRENT ASSETS
Receivables
Property, Plant and Equipment
TOTAL NON-CURRENT ASSETS
TOTAL ASSETS
CURRENT LIABILITIES
Payables
Interest-bearing
Current tax liabili
Provisions
TOTAL CURRENT LIABILITIES
URRENT LIABILITIES
Provisions
LIABILITIES
TOTAL LIABILITIES
NET ASSETS
EQUITY
Reserves
Retained profits
TOTAL EQUITY
2003
6
7
8
9
10
1,625,669
7,113
60,790
62,104
1,755,676
7
11
31,791
31,791
1,787,467
12
13
14
15
12,783
-
15
11,873
11,873
1,297,846
14,846
39,540
498
7,112
1,359,842
_
16,719
41,373
58,092
1,417,934
16,592
2,958
13,594
27
16
17
1 .734.927
1 .273.248
The accompanying notes form part of these financial statements.
have been subject to audit and should be read in conjunction with the attached compilation report.
Federal Police Association - National Counci
Statement of Cas
As at 30 June 2004
2004
2003
CASH FLOWS FROM OPERATING ACTIVITIE
1,263,548
Receipts from members
26
Sales of goods
51,999
5,553
Other revenue
Payments to suppliers and employees
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES :
(25,975)
Payment for property, plant and equipment
11 .29
Proceeds on sale o
Net cash p
d (used) by investing a
ides
CASH FLOWS FROM FINANCING ACTIVITIES :
Payments for leasing
(2,956)
Net cash used in financing activities
(2,956)
h held
327,823
Cash at the beginning of the financial year
Cash at the end of the inancial year
These
6
22(a)
1,625,669
1,297,846
The accompanying notes form part of these financial
a statements have been subject to audit and should be read in conjunction with the attached Audit Report.
Australian Federal
Notes to the Financial Statements
For the Year ended 30th June 2004
STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
financial report is a general purpose financial report and it has been prepare
menu of the Workplace Relations Act 1996, Australian Accounting Standards
Consensus Views and other authoritative pronouncements of the Australian
I report is based on historical costs and does not take into accoun
stated, current valuations of non-current assets and they
have been prepared on an accruals basis. Cost is based on the fair value of the cons
Cost is based on the fair values of the consideration given in exc
sets. Unless otherwise
stated the accounting policies have been consistently applied . The financial report is for the entity
known as Australian Federal Police Association - National Council an Association incorporated under
the Workplace Relations ACT 1996, as an individual entity . The incorporated Association was
incorporated in ACT, Australia .
The following is a summary of the material accounting policies used by Australian Federal Police
Lion - National Council in the preparation of the financial report .
(a)
Cash
For the purpose of the statement of cash fl
cash includes the following, net of bank
overdrafts, all cash on hand, at call deposi with banks or financial institutions and investments
in money market instruments maturing within ess than two months .
oyee Benefits
e for the liability due to employee benefits arising from services rendered by
employees but unpaid as at balance date. Employee benefits expected to be settled within one
year and benefits arising from wages & salaries, sick leave and annual leave which will be paid
after one year have been measured at the amount expected to be paid when the liability falls
due, plus any associated on-costs . Other benefits payable later than one year are measured at
the present value of the estimated future cash outflows for those benefits. Long service leave is
provided for after five years of service .
Plant & Equipment
Each class of plant and equipment is carried at fair value less any accumulated depreciation
where applicable or at cost.
Plant and Equipment
Plant and equipment are carried at either cost or at independent or directors' valua
accumulated depreciation or amortisation applicable. The director's review annually the carrying
of property, plant and equipment to ensure it is not in excess of the recoverable amount
e assets . The recoverable amount is assessed on the expected net cash flows which will
ed from the assets employment and eventual disposal . In determining the recoverable
amount, the expected net cash flows have not been discounted to present values .
The accompanying notes form part of th
These financial statements have been subject to audit and should be read
Audit Report.
Association - National Council
Depreciation
The depreciable amount of all fixed assets including capitalised leased assets are depreciated
on a diminishing value basis over the useful lives to the Association commencing from the time
the asset is ready for use. Leasehold improvements are depreciated over the shorter of either
the unexpired period of the lease or the estimated useful lives of the improvements .
for each class of assets are
Class of Fixed Assets
Motor Vehicles
Office equipment
Depreciation Rate
18 .7
-37 .5
d)
Inventories
Inventories are measured at the lower of cost or net realisable value . Costs are allocated on a
first-in first-out (FIFO) basis and also include direct labour, direct materials and an appropriate
amount of fixed and variable overhead expenses.
(e)
Leases
where substantially all the risks and benefits incidental to the ownership of a leased fixed asset,
but not the legal ownership, are transferred to the Association, are classified as finance leases .
Finance leases are capitalised as an asset and a liability equal to the present value of the
minimum lease payments, including any guaranteed residual value is brought to account .
Leased assets are depreciated on a straight line basis over their estimated useful lives where it
is likely that the Association will obtain ownership of the asset, or over the term of the lease.
Lease payments are allocated between the lease interest expense for the period and the
reduction of the lease liabil
Lease payments for operating leases, where substantially all the risks and benefits remain w h
the lessor, are charged as expenses in the periods in which they are incurred .
(f)
Revenue
e from the sale of goods is recognised when the goods are delivered to customers .
income is recognised on a proportional basis taking into account the interest rates
relevant to the financial assets . Income from providing a service is recognised when the
customer receives the service .
(g)
Goods and Services Tax
Revenues, expenses and assets are recognised net of the amount of goods and services tax
except :
ere the amount of GST incurred is not recoverable from the Australian Taxation Office, it is
ognised as part of the cost of acquisition of an asset or as part of an item of expenses.
es and payables are stated with the amount of GST included .
panying notes form part of these financial statements.
~ect to audit and should be read in conjunction with the attached Audit Report.
Federal Police Association - National
ial Statements
For the Year ended 30th June 2004
2004
2003
REVENUE FROM ORDINARY ACTIVITIES
Operating revenue
Sale of goods
Rendering services
73,757
1,419,176
Non
Interest Received
Rent Received
Other Revenue
Profit on Sale of Non-current Assets
1,492, 933
1,372,374
51,999
9,829
70,669
126,268
14,291
EXPENSES FROM ORDINARY ACTIVITIES
Depreciation and amort
on expenses
Rent - National Office
Motor Vehicle Expenses
Repairs & Maintenance - Building
Telephone
Other expenses
Loss on Sale of Non
n Assets
17,686
88,992
1,093,294
1,245,257
7,616
894,953
1,993
1,004,763
OPERATING PROFIT
ctivities before income tax expense
r accounting for :
Charging as Expense
Cost of Goods Sold
Movements in Provisions
Provision for annual leave
Provision for long service leave
Depreciation of property, plant and equipment
54,329
153
86
30,844
Remune
Audit fee
Other Serv ces
e Auditor
7,165
24,313
24,313
Net loss on disposal of nonProperty, plant & equipment
1,993
1,993
The accompanying notes form part of these financial statemen
vial statements have been subject to audit and should be read in conjunction with the attached Audit Repo
Federal Police Association - National Council
Notes to the Financial Statements
For the Year ended 30th June 2044
2004
2003
5.
The Aust
exemption grante
tion - National Council is exempt from income tax due to an
-5 of the Income Tax assessment Act 1997.
CASH
Cash on Hand
Cash at Bank
General Cheque Account
Legal Account
Cash at Bank - ME General Account
I Account
AFPA Welfare Account - Souvenirs
Current
Sundry Debtors
Loans to Employees
Non-Curren
Receiv
450
306,089
60,443
209,437
300,667
38,585
1,625,669
6,349
764
16,719
nd
INVENTORIES
Current
Stock on Hand
CURRENT TAX ASSETS
498
Provision for
OTHER
Current
Prepayments
62,104
62,104
7,112
7,112
PROPERTY, PLANT & EQUIPMENT
Plant & Equipment
Motor Vehicles
Less Accumulated Depreciation - Motor vehicles
17,177
panying notes form part of these financia
subject to audit and should be read in conjunction with the attached Audit Report.
National Cou
Australian Federal Police Ass
I
Notes to t
ded 30th June 2004
11 .
2004
2003
111,034
79,243
31,791
24,196
PROPERTY, PLANT & EQUIPMENT (CONT .)
Office Furniture & Equipment
Less Accumulated Depreciation - Office Equipment
31,791
Total Plant & Equipment
PAYABLES
Current
Accruals
Superannuation Payable
13 .
33,617
1 .248
INTEREST BEARING LIABILITIES
Current
Lease Liability - Current
14 .
CURRENT TAX LIABILITIES
Provision for GST
15 .
7,471
PROVISIONS
Current
ion for Annual Leave
Non
Provision for Long Service Leave
16 .
13,594
11,873
RESERVES
Asset revaluation reserve at the beginning of the financial year
Transfer prior year asset revaluation reserve to retained profit
87,735
(87,735)
Asset revaluation reserve at the end of the financial year
17 .
35
RETAINED PROFITS
Retained p
begins ng of the financial year
Transfer from reserves
Net profit attributable to members of the Association
d profits at the end of the fina
1,273,248
891,346
87, 735
-
373,944
1,273,248
The accompanying notes form part of these financial statements.
ave been subject to audit and should be read in conjunction with the attached Audit Report.
ociation - National Cou
cial Statements
For the Year ended 30th June 2004
2004
2003
ENTS
itments
nce lease capitalised in the accounts in accordance with the accounting policies defines i
Payable
later than 1 year
year but not later than 5 years
Minimum lease payments
3,097
future finance charges
139
ility
2,958
UNERATION
Marlow Bluhrn were the auditors of Australian Federal
Police Association - National Council
Audit fee
6,718
Salaries
Superannu
Meeting Ex
Motor Vehicl
Travel, Subs
Telephone
39
e and Accommodation
18,217
6,222
2,740
496
14,006
34,746
4,667
XECUTIVE STAFFING EXPENSES
lari
Staff Supera motion
Staff Trainin
I Leave
Service Leave
Provision for
Salary Packaging
Motor Vehicles
nd Accommodation
Trove
Telephones
22 .
261,359
2,089
6,819
25,307
CASH FLOW INFORMATION
(a) Reconc
Cash on hand
Cash at bank
Cash on
of Cash
450
1,625,669
The acco
Cements have been subject to au
of these fl,
ould be read in conjunction with the attache
2,955
153
12.772
387 .311
Nationa
Notes to the Financial Statements
provided by operating activities
urplus after income tax
ult
operating s
Depreciation
Gain on sale of non current assets
t
I
(Increase)/Decrease i
(Incre
inventories
(increase
nt tax asset
(increase
prepayment
(increase)/Decrease in lease bond
Increase/ (Decrease) in accounts payable
Increase/ (Decrease) in current tax liabilities
Increase/ (Decrease) in provisions
Net cash provided by operating activities
16,719
1
158
349,256
(1,015)
(16,719)
(4,505)
(137)
3,107
f business is
EDERAL POLICE ASSOCIATION NATIONAL COUNCIL
urn DEAKIN ACT 2600
2004, the business had 12 employees .
loyees in the law enforcement industry
INFORMATION TO BE PROVIDE
In accordant with the requirements of the Workplace Relations Act 1996, the attention of members
provisions of sub-sections (1), (2) and (3) of Section 272, which reads as follows :
of an Association, or a Registrar, may apply to the Association for specified prescribed
n to the Association .
on application made under subsection (1) by a member of the
ified information available to the member or Reg
manner
cribed.
(3) A Reg
application under subsection (1) at the request of a member of the
Association concerne
ovide to member information received because
of an application rn
t of the mem
The accom
al statements have been subject to audit and should be read in conjunction wi
Australia
iation - National Council
.s Statement
nded 30 June 2004
2004
2003
INCOME
Membersh
Interest
Rent Received
Other Reve
Profit on Sale of Non-current Assets
Loss on Sale of Non-current Assets
Gross Profit from Trading
3 .600
9
(13,329)
19,428
9.829
1,359
250
31,178
3
EXPENDITURE
Accountancy Fees
Advertising
Affiliation Fees
Auditor's Remunera
Branch Office Expenses
Consultants - IT
Deprec
Donations
Electricity
Freight & Pos
Fringe Ben
Insurance
Leasing C rges
Legal C
I Assistance for Members
Life Assurance for members
Member Services
Motor Vehicle Expenses
five Staffing Expenses
Na
Non
Staffing Expenses
Other
Printing & Stationery
Rent - National Office
Repairs & Maintenance - Building
Staff Amenities
Telepho
Rental unit expenditure
5,975
41,457
These
The acco,
cial statements have been
4,032
4,056
1,786
3,612
13,469
25,067
24,313
3,385
28,165
209,555
10,710
16,157
451,650
OPERA ING PROFIT BEFORE INCOME TAX
35,698
6,718
151,105
9,091
87,099
492
17,659
88,992
21,713
70
43
7,992
1,177, 599
925,122
902
otes form part of these financial statements .
to audit and should be read in conjunction with the attached Audit Report.