62nd Annual Report 2012/2013 - Anglesea Surf Life Saving Club

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ANGLESEA SURF LIFESAVING CLUB FOUNDATION A.B.N. 14 944 812 708 CASH FLOW STATEMENT FOR THE YEAR ENDED 30 APRIL 2013 2013 2012 Note $ $ CASH FLOWS FROM OPERATING ACTIVITIES Receipts from operations 16,240 17,780 Payments from operations (78) (47) Dividends received 8,306 9,188 Trust Distributions received 1,712 1,721 Interest received 9,756 10,910 Net cash provided by operating activities 35,936 39,552 CASH FLOWS FROM INVESTING ACTIVITIES Receipt on sale of investment (170) - Payments for investments - (631) Increase/Decrease in Market Value of Investments 87 - Net cash provided by (used in) investing activities (83) (631) CASH FLOWS FROM FINANCING ACTIVITIES Payments to beneficiary (13,200) (20,081) Net cash provided by (used in) financing activities (13,200) (20,081) Net increase in cash held 22,653 18,840 Cash at beginning of financial year 104,993 86,153 Cash at end of financial year 127,646 104,993 NOTES TO THE CASH FLOW STATEMENT 2013 2012 $ $ Reconciliation of Cash Cash at Bank - Westpac 7,290 1,316 Cash at Bank - Sandhurst 23,490 22,966 Term Deposits - Bendigo Bank 96,866 80,711 127,646 104,993 Reconciliation of Net Cash provided by Operating Activities to Profit from Ordinary Activities Profit from Ordinary Activities 34,018 39,121 Capital Gains/Losses 170 - Changes in assets and liabilities Decrease/(Increase) in Sundry Debtors 1,748 431 Net Cash provided by Operating Activities 35,936 39,552 40 Anglesea SLSC Annual Report 2012/13
ANGLESEA SURF LIFESAVING CLUB FOUNDATION A.B.N. 14 944 812 708 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2013 1 Statement of Significant Accounting Policies The trustees of the trust have prepared the financial statements of the trust on the basis that the trust is a non-reporting entity because there are no users dependent on general purpose financial statements. The financial statements are therefore special purpose financial statements that have been prepared in order to meet the needs of beneficiaries. The financial statements have been prepared in accordance with the significant accounting policies disclosed below, which the trustees have determined are appropriate to meet the needs of members. Such accounting policies are consistent with the previous period unless stated otherwise. The financial statements have been prepared on an accruals basis and are based on historical costs unless stated otherwise in the notes. The accounting policies that have been adopted in the preparation of these statements are as follows: Trade and Other Receivables Trade receivables are recognised initially at the transaction price (i.e. cost) and are subsequently measured at cost less provision for impairment. Receivables expected to be collected within 12 months of the end of the reporting period are classified as current assets. All other receivables are classified as non-current assets. At the end of each reporting period, the carrying amount of trade and other receivables are reviewed to determine whether there is any objective evidence that the amounts are not recoverable. If so, an impairment loss is recognised immediately in income statement. Cash and Cash Equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the balance sheet. Revenue and Other Income Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognising revenue. Interest revenue is recognised using the effective interest rate method, which for floating rate financial assets is the rate inherent in the instrument. Dividend revenue is recognised when the right to receive a dividend has been established. These notes should be read in conjunction with the attached compilation report of West Carr & Harvey. Anglesea SLSC Annual Report 2012/13 41
Page 1 and 2: Anglesea Surf Lifesaving Club 62nd
Page 3 and 4: Contents ASLSC Office Bearers 3 Sea
Page 5 and 6: ASLSC Office Bearers Season 2012/20
Page 7 and 8: Anglesea SLSC Life Members C. Ander
Page 9 and 10: David Kay took over the Junior Acti
Page 11 and 12: Administration Report I am pleased
Page 13 and 14: Rescue Services Report 2012/2013 br
Page 15 and 16: ACKNOWLEDGEMENTS Thanks to the ongo
Page 17 and 18: Congratulations to all who qualifie
Page 19 and 20: Competition Report The 2012/13 seas
Page 21 and 22: in the final at Kirra, during a bit
Page 23 and 24: R & R (Section Report) Another year
Page 25 and 26: Development Services Report This ye
Page 27 and 28: Membership Statistics 2010/2011 201
Page 29 and 30: LSV Awards of Excellence 2013 Male
Page 31 and 32: Brown, Hannah Carboon, Yasmine Davi
Page 33 and 34: Education Awards Advanced Resuscita
Page 35 and 36: Membership Listing 2012/2013 Active
Page 37 and 38: Nadia Lynch Rosemary Macdonald Rode
Page 39 and 40: Christian Sallabank James Sallabank
Page 41: ANGLESEA SURF LIFESAVING CLUB FOUND
Page 45 and 46: Anglesea SLSC Annual Report 2012/13
Page 47 and 48: ANGLESEA SURF LIFESAVING CLUB INC.
Page 57 and 58: Printed and designed by Swear Words

62nd Annual Report 2012/2013 - Anglesea Surf Life Saving Club

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