Diluted Thinking

in Australian healthcare

AVSN - Financial Statements

Background

It is a requirement for New South Wales' incorporated associations to submit financial statements for the previous financial year to the annual general meeting. The AVSN is a Tier 1 category association and therefore is required to submit audited financial statements.

Members of the public can inspect/obtain copies of documents lodged with NSW Fair Trading on the Public Register under the Associations Incorporation Act 2009.

The AVSN's 2011 financial statement was eventually filed in February 2013, nearly seven months late.

Update 27 Nov 2013:
The AVSN's 2012 financial statement was due to be submitted to NSW Fair Trading by 31 July 2013. According to the Facebook group StopAVN the 2012 statement was received by Fair Trading (date unknown) but was returned to the AVSN for corrections. This is normal for the AVSN; previous years' statements have also required multiple submissions due to errors and omissions. I am not aware if the AVSN has resubmitted the 2012 statement.

Update 13 Mar 2014:
The AVSN has made available its financial statements from 1998 to 2012. Please refer to new post AVSN: financial statements 1998 to 2012.

Overview

20112010 200920082007 200620052004
Total
Income
146,215 281,885281,756 246,756344,820 206,014300,994 131,911
Total
Expenses
157,420 231,447270,816 250,598341,954 223,476246,438 131,059
Expenses:
% of income
107.7% 82.1%96.1% 101.6%99.1% 108.5%81.9% 99%

Selected Entries

20112010 200920082007
Income
Donations79,374 187,16590,436 44,194120,401
Membership fees2,773 4,4044,223 11,69519,376
Sponsorship55 7,60919,394
Sale of Goods
- Magazines
- Other Goods
Total

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59,906

43,259
30,941
74,200

127,651
32,996
160,647

153,826
31,528
185,354

167,859
29,646
197,505
Expenses
Other Expenses (total)106,916 165,166164,809 139,69480,668
Cost of Sales (total)50,504 66,281106,007 110,904157,280
Magazine Costs
- Costs
- Editor Fee (Dorey)
Total

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?

?
?
53,121

?
?
86,547

69,451
17,490
86,941

124,634
15,840
140,474
Computer Expenses
- Expenses
- Leasing Charges
- Website Expenses
Total

7,610
8,729
4,299
20,638

9,861
4,743
8,182
22,786

3,774
3,922
9,968
17,664

5,162
4,029
6,871
16,061

6,226
7,740
13,320
27,286
Professional Fees29,598 18,4264,124 316842
Consultants Fees1,986 2,88013,770 20,89614,153
Photocopier Expenses2,273 8,16810,296 11,11010,878
Employee Expenses7,515 57,52254,757 51,03153,705