ACM Annual Report 2008 - 2009 - Australian College of Midwives

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ACM Annual Report 2008 - 2009 - Australian College of Midwives

Annual Report

2008-09


Australian College of Midwives

Annual Report

2008-2009

September 2009


Australian College of Midwives, Annual Report 2008-2009

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Australian College of Midwives, Annual Report 2008-2009

© Australian College of Midwives 2009

PO Box 87 Deakin West ACT 2600

Ph 02 6230 7333

Fax 02 6230 6033

Website: www.midwives.org.au

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Australian College of Midwives, Annual Report 2008-2009

Contents

1. President’s Report .................................................................................................................. 5

1.1 Advocacy for Midwives .................................................................................................................... 6

1.2 Supporting Midwives ...................................................................................................................... 8

1.3 Setting Professional Practice and Education Standards ................................................................ 10

1.4 Ensuring Access to Continuity of Midwifery Care ......................................................................... 11

1.5 Ensuring Good Governance ........................................................................................................... 12

2. Treasurer’s Report ................................................................................................................ 15

2.1. Audited Financial Statements…………………………………….……………....……….......................................16

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Australian College of Midwives, Annual Report 2008-2009

1. President’s Report

On behalf of the Australian College of Midwives’ Board of Directors, it is with pleasure that I present

this annual report to all members of the Australian College of Midwives and other interested parties.

This report covers the last financial year 1 July 2008 to 30 June 2009 and is my fourth and final report

since taking up the role of National President.

As I sit to write my final report to you as President, I am mindful of how far we have come as a

professional organisation – and as a profession. Whilst there are still significant challenges and

barriers that we must work with and through, we have moved mountains in the past few years. This

has only been possible because of the platform that was built for us by our predecessors – the

founders of the College and all who have contributed to the developments of the past few decades. I

am acutely aware of the pathway we have walked so far.

The past four years for me as President have been a period of revision, clarification and strategic

change. The National Board has worked hard with the Executive Officer and her staff and many of

you as sub-committee members, branch presidents and active members, to achieve objectives and

fulfil our vision to be the leading organisation shaping maternity care in Australia for the benefit of

women and their babies. We have had many successes and our share of disappointments.

This annual report has been jointly prepared by the Board of Directors and our Executive Officer,

Dr Barbara Vernon. The Board of Directors has included the following dedicated midwives:

• Pat Brodie (President and Board Chair) from New South Wales

• Chris Cornwell (Vice President), from South Australia

• Jenny Gamble (Treasurer from September 2008) from Queensland

• Peter Askey Doran (Treasurer) until September 2008 then Jo Durdin from Tasmania

• Jenny Browne from the Australian Capital Territory\

• Sue Kildea until September 2008 then Rachael Lockey from the Northern Territory

• Robyn Thompson, from Victoria, and

• Jenny Owen, from Western Australia

Each Director on the Board serves a term of 2 years, with only half of the Directors up for election or

re-election each year. This helps to ensure the Board retains corporate memory and can support

new Directors to take up their responsibilities. Elections among all members for the positions are

held for Directors from ACT, NSW, SA and QLD in each odd calendar year, and for NT, TAS, VIC and

WA in each even calendar year. For the upcoming year, Jenny Gamble (QLD), and Jenny Browne

(ACT) re-elected to the Board. Hannah Dahlen (NSW) has been elected as a new Director in the place

of Pat Brodie, and Roz Donnellan Fernandez has been elected in place of Chris Cornwell (SA).

As President, it has been my pleasure to work with both the Board of Directors during the year and I

would like to thank every member of the Board for their contributions.

I will make more acknowledgements later in the report but for now I will move directly on to

reporting the College’s activities and achievements in relation to each of the 5 strategic priorities as

outlined in the College’s Strategic Plan for 2015 (see the College website at www.midwivesorg.au

under About Us for more information).

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Australian College of Midwives, Annual Report 2008-2009

1.1 Advocacy for Midwives and Midwifery

STRATEGIC GOAL: To provide consistent and timely political representation to influence

policy development and decision-making at national, state and local levels

The amount of activity in the past financial year that has been dedicated to this goal is too extensive

to do it justice in a brief summary. Suffice to say that it has been unprecedented. Representatives of

the College have been active at every level and right across Australia.

Perhaps the most significant change has been the review of maternity services undertaken by the

federal Health Minister Nicola Roxon, followed by Budgeted commitments to reforming maternity

services announced as part of the federal Budget in May 2009. The ACM made detailed submissions

to both the National Health and Hospitals Reform Commission and to the Maternity Services Review

arguing the case for reform of maternity care that would enhance women’s access to primary care by

midwives.

The reforms announced on Budget night will enable midwives to provide services to women and

their families both in the community and in hospitals that are rebated by both the Medicare Benefits

Schedule and the Pharmaceutical Benefits Scheme. Provision has also been made for midwives to

deliver outreach care with Commonwealth assistance, and to access professional indemnity for care

provided in rural and remote communities. Initiatives to enhance women’s access to evidence based

information and a helpline support have also been funded.

In her second reading speech to introduce bills to enact these Budget commitments the Minister

said:

The reform initiatives ... support models of care with an enhanced role for midwives. These

will develop in a way that involves collaborative teamwork with other members of the

maternity care team....

Women [have] expressed frustration at the limited options available to them, and called for

midwifery models of care that provide continuity of care over the spectrum of antenatal,

birthing and postnatal services

The government has listened to the collective voice of Australia’s mothers, and we have

listened to the considered views put forward by the midwifery workforce.

This package will improve choices for Australian women to access high-quality, safe maternity

care, as well as provide support for the maternity services workforce.

Minister Nicola Roxon, 2 nd Reading speech, Hansard 24 June 2009

Another major national reform impacting on maternity care and on midwives is the Council of

Australian Government’s led implementation of a national scheme for the registration and regulation

of health professionals, including midwives. The scheme will also provide for national accreditation

of education programs for entry to practice. The Nursing and Midwifery Board of Australia has

recently been announced, and the scheme will come into effect on 1 July 2010.

An unintended negative consequence of this scheme’s introduction is the requirement that all

midwives hold professional indemnity insurance. Privately practising midwives are still unable to

access such insurance, so the College has been actively lobbying alongside consumer and midwifery

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Australian College of Midwives, Annual Report 2008-2009

groups for resolution of this market failure ahead of the commencement of the national registration

scheme.

The College has been active at national, state and local levels in seeking to ensure that these projects

and reforms result in positive changes for the benefit of women and midwives. The College has

written submissions, lobbied ministers and bureaucrats, given evidence to a Senate committee of

inquiry, stimulated media interest, liaised with numerous other professional and consumer

organizations active in this field and generally sought to ensure that the views and interests of the

midwifery profession, and the women and babies we care for, are promoted at every turn. The

College has also been busy forging collaborative relationships with other organizations wherever

possible to achieve shared goals.

Representing Midwives

As usual, the College also participated over the year in a wide range of meetings and committees

relevant to midwifery, including but not limited to the following:

• The Australian Peak Nursing and Midwifery Forum

• The Australian Nursing and Midwifery Council’s (ANMC) Professional Reference Group

• The ANMC Project Management Committee on the Development of Re-entry to Practice

Standards

• Beyondblue National Perinatal Mental Health Project

• International Confederation of Midwives, Council meeting

• National Antenatal Guidelines Development Project

• National Advisory Maternal Mortality Committee of the AIHW

• National Perinatal Data Collaboration Project

• National Health Workforce Taskforce Project on the development of Core Competencies for

Maternity Care Professionals

• Primary Care Roundtables hosted by the Australian Nursing Federation

• National registration for health professionals consultation workshops, and

• Rural Health Roundtables, hosted by the National Rural Health Alliance

The College is grateful to each of the midwives who have represented the College and the midwifery

profession in these and other forums.

Building Strategic Partnerships

As you are all acutely aware, effective relationships are the basis for building better systems of

maternity care. In our efforts to be the leading organisation shaping Australian maternity care, we

have engaged with dozens of peak organisations and leading individuals. Notable has been the

establishment of new and enhanced liaisons with the Australian Nursing and Midwifery Council, the

Australian Nursing Federation, the Rural Doctors Association of Australia and the Australian College

of Rural and Remote Medicine, to name a few. This strengthens our base for collaboration and the

potential to make real progression on those key matters which we can explore together and agree

on. The success of the Collaborative Maternity Care conference ‘Breathing New Life into Maternity

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Australian College of Midwives, Annual Report 2008-2009

Care’, hosted by ACM in September 2008 at the Gold Coast is a strong practical manifestation of

ACM’s commitment to collaboration.

Our relationships with the peak maternity consumer group, Maternity Coalition, continue to be more

effective as we come together with respect and common aims to improve the experiences associated

with pregnancy, labour and birth and new motherhood for Australian women and their families.

Raising the profile of midwifery in the community

In addition to policy makers and other health professional groups, the College has remained active in

briefing the media about a wide range of issues in maternity care. This has been manifest in

newspaper, radio and occasional television interviews and articles.

It is sometimes difficult to convey clearly to members the full extent of advocacy that occurs on their

behalf. It is not always appropriate to relay details of negotiations that may not yield a clear

outcome for some time, while relationships are built and advocacy to government takes place. Yet

the above information makes clear that the College sees its advocacy for midwives as being a high

priority and is active in a wide range of forums and meeting rooms at both national and local levels to

seek to improve the working lives of all midwives and increase the opportunity for women and their

babies to benefit from high quality midwifery care.

1.2 Supporting Midwives

STRATEGIC GOAL: To support Australian midwives to maximize their potential to achieve

best practice through providing evidence based care.

Professional Development for Midwives

Following the launch in September 2007 of the MidPLUS program, the ACM has worked hard on

implementation of the program, and on promoting it to midwives during the past year. MidPLUS is

the first continuing professional development program for midwives. It was developed in

consultation with midwives, consumers, employers, regulators and others across Australia during

2006-2007. It provides a framework that supports midwives to assess their own professional

development needs, draw up a plan to address those needs, identify and participate in relevant

professional development activities, and to document and reflect upon the benefits of any CPD for

their midwifery practice or role.

MidPLUS is based upon the philosophy that each midwife is a responsible adult, and that the best

person to identify, prioritise, and act upon the professional development needs of a midwife is the

midwife her/himself. It was also designed in consultation with the state/territory nursing and

midwifery boards, to ensure it would meet their requirements for evidence of professional

development for annual re-registration. The College plans to seek endorsement of MidPLUS by the

new Nursing and Midwifery Board of Australia.

Interest in MidPLUS has been strong since it’s launch. More than 1500 midwives were enrolled in the

program by mid 2009. MidPLUS will help to support midwives to meet the expected requirements of

national registration for health professionals due to commence on 1 July 2010. It is also recognised

in the national continuing competence framework developed by the Australian Nursing and

Midwifery Council, as a suitable basis for midwives to provide evidence of participation in

appropriate professional development.

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Australian College of Midwives, Annual Report 2008-2009

One significant shortcoming with the program has been the design of the webpages on which

midwives log their activities and plan their learning needs. Feedback from midwives has indicated

that the pages were confusing to use, and a number of technical problems meant they caused

considerable frustration for members. After working hard for over 9 months to have the current IT

provider address these problems, the College has now contracted an alternative provider. The

revised pages will be launched within the next few months after pilot testing is completed.

Midwifery Practice Review (MPR)

Midwifery Practice Review was also launched at the 2007 ACM conference. This program offers

midwives the opportunity to participate in a review of their practice in relation to national

professional standards. It is a robust but supportive program, which brings each midwife together

with 2 trained reviewers to discuss that midwife’s practice in confidence.

Interest in MPR is growing rapidly, with more than 100 reviews being completed by mid 2009. MPR

has attracted support from a number of state governments, including NSW, NT and Queensland,

which have provided financial assistance to midwives to access the program. Feedback from

participants in the reviews has continued to affirm that, while challenging, participating in a review is

a positive and rewarding experience.

E-Learning

The College has commenced development its own CPD materials that will be delivered by the

internet for ease of access to midwives too busy to leave their workplace, or too remote from face to

face workshops or conferences. The first on-line CPD materials are now available. They are part of a

package to assist midwives to refresh their antenatal skills, developed with funding from the

Queensland Government by consultants Allison Shorten and Julia Monaghan.

E-learning content will complement the face to face workshops, seminars and conferences already

being run by the College in most states and territories. The College has plans to develop a wide

range of midwifery content to be accessible via the E-Learning Centre.

These projects form part of the broader strategic goal of ACM to support the ongoing development

of a workforce of midwives who work competently, confidently and autonomously and who

collaborate effectively to ensure safe and beneficial care for women.

Keeping members informed

The College’s two major quarterly publications – the Australian Midwifery News and the Women and

Birth Journal – have continued to develop strongly over the past year as a valued member service.

The College’s Journal, Women and Birth, has continued to thrive and grow during the year. The

Journal is being published by Elsevier Australia and is available on the internet as well as in paper

form to members. It provides quarterly updates on the latest midwifery research from Australia and

internationally. The Board would especially like to thank Professor Kathleen Fahy, who has led the

ongoing development of the Journal and her team of colleagues including Deputy Editors Associate

Professor Jenny Fenwick, and the Peer Review Panel (see the Journal inside cover for information on

the Peer Review panel membership). In reviewing papers for publication, supporting new authors to

prepare high quality articles and soliciting papers from established authors, Kathleen and her team

have made an outstanding contribution to the future of the Journal as a respected, high quality

publication for the midwifery profession in Australia and internationally.

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Australian College of Midwives, Annual Report 2008-2009

Members have continued to be kept informed about the College’s activities and important

developments in midwifery and maternity services nationally through the Australian Midwifery

News. The Board particularly thanks Liz Wilkes, Barb Vernon and Louise Allen who worked hard to

provide high quality content in issues throughout the year. Thanks also to the publisher of the AMN,

Minnis Communications, who continues to play a vital role in producing a high quality news magazine

for the College. Thanks go too to all those who contributed news and articles to Midwifery News –

please keep those contributions flowing.

Electronic bulletins sent to members by email have also become a regular member service during the

year, thanks to staff in the National Office. These brief bulletins aim to keep members up to date

with important media releases, reports, news and information relevant to midwifery and maternity

care. They also provide links to relevant documents on which midwives have an opportunity to

comment. The only difficulty with e-bulletins is that because they are sent to large numbers of

people at once, some Internet Service Providers cull them as potential junk mail. Members who have

provided current email addresses to the College but who do not receive e-bulletins should request

their ISP to allow @midwives.org.au emails to be received.

1.3 Setting Professional Practice and Education Standards

STRATEGIC GOAL: To achieve national standards for midwifery education and practice that

are internationally recognized and endorsed by regulators, educators, employers and the

midwifery profession.

Practice standards

The development of professional standards and a quality framework for the profession has been a

goal of the College for decades. We now have a clearly articulated professional educational structure,

which is of international standard. National codes of practice; a philosophy statement; competency

standards; education standards for accreditation of courses; self assessment tools; and processes for

continuing professional development (MidPLUS) and for reviewing practice (MPR) programs;

together identify who we are and what we stand for. Australian midwives can be proud of this

structure, which demonstrates that we are a profession in our right and equal in professional

standing to midwives anywhere in the world.

Midwifery education standards

A single set of nationally consistent standards for the accreditation of all courses preparing students

to enter midwifery practice is another important piece of the regulatory puzzle. The ACM published

standards for the accreditation of 3 year undergraduate midwifery programs in 2001 and again in

2006. These standards did not relate to other education programs preparing students to enter

midwifery practice and therefore a single set of nationally consistent standards for the accreditation

of all entry to practice midwifery programs was still needed.

The ACM collaborated closely with the Australian Nursing and Midwifery Council during 2008-2009

on the development of a single standard for accreditation of midwifery courses. The ACM’s

Education Standards Advisory Committee worked hard to provide input and advice to the ANMC

steering committee. Following several rounds of public consultation and numerous meetings and

emails, the final document was endorsed by both the ANMC and ACM Boards in recent months. This

is an historic achievement for midwifery in Australia. The resulting standards are available on the

ANMC website.

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Australian College of Midwives, Annual Report 2008-2009

It is anticipated that the new national Nursing and Midwifery Board of Australia established under

the National Registration and Accreditation Authority, will consider and adopt these education

standards, along with the Competency standards, Code of Ethics and Code of Professional Conduct as

part of the regulatory framework for the midwifery profession under the new national scheme.

Baby Friendly Health Initiative

The BFHI is about setting and maintaining practice standards that create environments conducive to

bonding between a mother and her baby and successful establishment of breastfeeding. It is also

about educating the wider community that breastfeeding is the normal way to feed a baby.

During the 2008-9 financial year 17 hospitals underwent BFHI assessment. Of these 11 were reaccrediting

hospitals and 6 were new accreditations. At the end of June 2009 there were 66 BFHI

accredited hospitals, up from 56 three years earlier.

An ongoing project is the continuing development of an accreditation program for Baby Friendly

Community Health Centres in response to demand from such centres across Australia. A subcommittee

with representation from each state as well as the Australian Breastfeeding Association is

meeting monthly to develop the criteria and policies for this program. The booklet containing the 7

point plan and explanatory notes is almost complete. A pre-assessment questionnaire is being

devised that is planned for completion by the end of this calendar year.

The last 12 months has also been busy with accreditations and reaccreditations of BFHI assessors and

educators. The overall the number of accredited assessor/educators has risen from 83 to 92. These

individuals form the backbone of the BFHI assessment workforce and their energy and enthusiasm

for the initiative are very much appreciated.

The state and territory committees have continued to work very hard over the last 12 months. Their

dedication and enthusiasm to BFHI is unwavering and greatly appreciated. Without this the initiative

would not be able to continue. They have embraced the Community Health Initiative and are

continuing the good work in this area also. The College is very grateful for their expertise and hard

work.

1.4 Ensuring Access to Continuity of Midwifery Care

STRATEGIC GOAL: To ensure midwifery is recognized as a Public Health Strategy, with a

view to ensuring all childbearing women have access to maternity care by a known

midwife.

Advocacy to State, Territory and Federal politicians and ministers, to State and Territory departments

of health, the media and other key groups has focused on the need to recognize the expertise that

midwives bring to the care of women and their families. We have also advocated strongly for

midwives to be given greater choice about the models of care in which they work. This advocacy has

born fruit in the form of the national maternity reforms outlined in Section 1.1 of this report.

1.5 Ensuring Good Governance

STRATEGIC GOAL: To be an accessible, efficient and transparent organisation providing

valued services to members. To have a unified national business structure based on best

practice principles.

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Australian College of Midwives, Annual Report 2008-2009

Governance issues

The College has continued to have a strong commitment to the principles and practices of good

governance throughout the year. Terms of reference have been written and endorsed by the Board

of Directors for all College committees and positions to ensure transparency and clear understanding

of roles and responsibilities.

The following committees continued to meet during the year. Some were less well supported than

others to meet, mainly due to the workload pressures within the national office.

ACM Committees 2008-2009

Advisory Committees

Governance Committees

• BFHI National Committee • Australian Midwifery Scholarship Foundation

Trustees

• Consumer Advisory committee • Fellowship Committee

• Continuity of Care Advisory Committee • Professional Development Committee

• International Advisory Committee • Midwifery Practice Review Implementation

Working Group

• Midwifery Education Standards Advisory

Committee

Project Committees

• Rural Midwifery Advisory Committee • National Midwifery Conference organising

committee – Sept 2009

• Student Advisory Committee • Breathing New Life conference organising

committee – July 2010

These committees have been playing a vital role in broadening the expertise upon which the Board

of Directors is able to draw when making decisions in the interests of members. They have also been

undertaking many practical projects, such as managing programs on behalf of the College, preparing

submissions for governments and other agencies and briefing the Board on issues relevant to their

topic or role. The College greatly appreciates the time, expertise and energy of everyone involved in

one or more of these committees.

The Board is also keen to establish a Workforce Advisory Committee to advise it on strategies for

alleviating the terrible pressures and stresses being caused on a daily basis by a shortage of

midwives. We advertised for interest in this committee in 2008 and would like to apologise to

members who responded to that call for expressions of interest, as workload issues in the National

Office meant it was not possible to respond effectively at that time. This committee will be a priority

for 2010 and a new invitation to participate will be issued soon.

Acknowledgements

On behalf of the College I’d like to thank every member of the Board of Directors for the

contributions they have made over the past year to the strategic direction and numerous

achievements of the College. It has been an incredibly busy year and we have moved some

mountains. The Board has demonstrated leadership on a wide range of professional and

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Australian College of Midwives, Annual Report 2008-2009

organizational issues. Much of the achievement reported here has been a result of their careful and

considered decision-making in the interests of members. It’s been a great team of people and a lot

has been achieved. Those who have left the Board during the year have handed on a legacy of an

organization with vision and purpose in the interests of midwives and women across Australia.

Special acknowledgement and thanks are also owing to the Presidents of each of the College’s 8

Branches:

• Mary Kirk and Jan Taylor, Australian • Julie Pratt, South Australia

Capital Territory.

• Caroline Homer and Joanne Gray, New • Veronica Wood, Tasmania

South Wales

• Meryl Hammond, Northern Territory • Patrice Hickey, Victoria

• Jocelyn Toohill and Hazel Brittain, • Dale Reynolds and Tracey Martin,

Queensland

Western Australia

These outstanding midwives have donated considerable amounts of their own time and expertise on

top of their paid jobs. They have individually and collectively played a leading role in raising the

profile of midwifery and achieving positive reforms in their state/territory, with marked success in

the past year. Also to the many members who have stepped forward to fulfil roles in Branch

Executive Committees – treasurers, membership secretaries, education committees – thank you also.

We couldn’t run the College without your expertise, time and enthusiasm.

I would also like to acknowledge and thank the many midwives who represented the College at

various meetings on behalf of either the National College or their Branch. The requests for our input

far exceed the capacity of our paid staff and even the Board members to respond. On behalf of the

Board I would like to thank all those who assisted by contributing their time and expertise to ably

represent the College and all midwives in a wide range of forums.

A very big thank you too to our staff and contractors in the National Office:

• Barb Vernon as Executive Officer • Arna Walker as Finance and Office

Manager from November 2008

• Abby Clemence as Programs Manager • Louise Allen as Membership Officer

(Part Time)

• Heather Artuso as BFHI Manager (PT) • Luke Sanders as Membership Officer from

November 2008

• Glenys Ramsey as Office Assistant (PT) • Jan Spinks as Finance and Office Manager

until October 2008

And our contractors for a few hours a month:

• Kathryn Forster as Accountant • Liz Wilkes as Professional Consultant

• Bethany Leditschke as IT support

All staff bring a high level of professionalism and dedication to a very busy work environment. All are

strongly committed to helping the College to provide high quality services to members and to

achieve its strategic goals. The staff bring good cheer, enthusiasm and effective teamwork to the

high workload demands placed upon the office. The College very much appreciates their efforts and

expertise. The success and accomplishments of the staff in the national office is a direct reflection of

the hard work, dedication, support and perseverance of our Executive Officer Barbara Vernon.

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Australian College of Midwives, Annual Report 2008-2009

In addition I’d like to acknowledge and thank the staff who worked in Branch offices of the College

during the year– Alex Weston, Jenny Larkin and Robyn Georgopoulos (NSW), and Rachael Brougham

(SA) who helped the College to provide services to its members in those states.

It’s also my pleasure to acknowledge and thank Johnson & Johnson Baby and their representatives

Larissa Kalt for their ongoing support for the College during the year. J&J were the major sponsor for

Australian Midwifery News throughout the year. This support, together with the company’s

investment in the Midwife of the Year Awards and sponsorship of national conferences, are strong

testament to J&J’s commitment to midwives and midwifery and go a long way to enabling us to

minimize costs to members accessing our services.

In addition, I’m pleased to acknowledge the support of Kimberly Clarke. Phyllis Picone organised

sponsorship from KC for the ACM’s E-Learning centre.

Finally on behalf of the College, I would like to thank all those who assist and support the College in a

host of ways at national, State, Territory and local levels. To everyone who has participated in the

College’s efforts to achieve its goals during the past year – whether that be by sitting on national or

state committees, organizing or participating in conferences and seminars, visiting local politicians,

talking to journalists, undertaking research, teaching the next generation of midwives, writing letters

to the papers, or any other relevant activity — thank you. It is the collective effort of all members

and those with whom we collaborate that is helping to shape the College to continue to be the peak

organisation shaping Australian maternity services.

My sincere best wishes to you all.

Pat Brodie, FACM

National President

24 September 2009

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Australian College of Midwives, Annual Report 2008-2009

2. Treasurer’s Report

I am pleased to present the annual financial report for 2008-2009. I took up this position at the

Board meeting of 2 October 2008, following the resignation for personal reasons of our long standing

Treasurer, Peter Askey Doran in September 2008.

During the 2008-2009 financial year, the College has continued to conduct its affairs in a very

circumspect manner. I am pleased to advise that we have finished the financial year with a modest

surplus for both the general College account and the Baby Friendly Health Initiative. The final overall

result was a surplus of $21,874. Full details of the accounts are attached.

The Board of Directors has embarked on a several key strategic pathways to further enhance the

financial strength of the College in years to come. One of these strategies has been the purchase by

the College of its own office in 2006, which has saved more than $10,000 per year in rent and

increased returns for the Australian Midwifery Scholarship Foundation. In retrospect, this was

indeed a very wise move given the recent global financial troubles which would have otherwise seen

the value of AMSF investments and the funds available for scholarships diminish.

Another important strategy has been the development of the MidPLUS and MPR programs. By

providing a member service that is relevant to all midwives, these programs have helped to underpin

membership growth during the past year. More than 1,000 midwives have joined ACM since 1 July

2008.

If ACM is to be in a position to substantially increase the breadth and reach of our membership

services to midwives, we also need to plan to diversify our revenue streams away from a high

reliance on membership subscriptions. The development of the E-Learning Centre is one part of

such a strategy. Through creating high quality, accessible and relevant on-line CPD products, ACM

will meet its core strategic objective of supporting every midwife to reach their full potential, while

also attracting new sources of revenue for the development of additional on-line content and other

member services. The launch at the national midwifery conference in Adelaide of the E-Learning site

is the first step in this direction.

The Baby Friendly Health Initiative continues to operate on extremely modest resources. Last

financial year BFHI managed to cover its costs following an increase in the fees paid by hospitals for

assessment. The College is currently seeking assistance with funding the BFHI from governments and

from other stakeholder organizations. New resources will be essential if the Initiative is to be rolled

out to community organizations caring for breastfeeding women. New resources are also needed to

help sustain the Hospital accreditation process. The ACM continues to provide substantial in kind

support to the BFHI.

The good news this year has been for the Australian Midwifery Scholarship Foundation. Just under

$9,000 was awarded in scholarships to midwives in 2008-2009.

As Treasurer I am happy to state that the affairs for the College have been audited and I commend

the Auditor’s report to members.

Dr Jenny Gamble

National Treasurer

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Australian College of Midwives, Annual Report 2008-2009

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ABN: 49 289 821 863

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

CONTENTS

PAGE NO

Committee Member's Report 2

Independent Audit Report to the Members 3 - 4

Statement by the Committee 5

Australian College of Midwives Incorporated

- Consolidated Financial Report

- Income Statement 6 - 7

- Balance Sheet 8

- Cash Flow Statement 9

Notes to & Forming Part of the Accounts 10 - 12

Supplementary Information:- 13

- Summary of Financial Performance & Position 14

- Australian College of Midwives Incorporated

- Income Statement 15

- Balance Sheet 16

- Australian Midwives Scholarship Fund

- Income Statement 17

- Balance Sheet 17

- Baby Friendly Health Initiative

- Income Statement 18

- Balance Sheet 19

- Midwifery Practice Review

- Income Statement 20

- Balance Sheet 20

- CPD Framework

- Income Statement 20

- Balance Sheet 20


ABN: 49 289 821 863

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

COMMITTEE MEMBER'S REPORT

The members of the Committee of the A ustralian C ollege of M idwives Incorporated present t heir

report for the year ended 30 June 2009.

Directors:

The names of persons who were members of the Committee at any time of the year and at the date

of this report are as follows:

Peter Askey-Doran Chris Cornwell Rachel Lockey

Pat Brodie Jo Durdin Jenifer Owen

Jenny Browne Jenny Gamble Robyn Thompson

Sue Kildea

Principal Activity:

The principal act ivity of t he Association during t he year was the pr ovision of pr ofessional act ivities

and representation for its members who work in the health care sector.

Significant Changes:

No significant changes in the nature of the principal activities occurred during the year.

Results:

The net operating surplus of the Association was $21,874 (2008 $23,758 deficit).

Signed in accordance with a resolution of the Members of the Committee.

Pat BRODIE

President

Jenny GAMBLE

Treasurer

Date: 1 October 2009

2


ABN 36 472 755 795

INDEPENDENT AUDIT REPORT TO THE MEMBERS

OF AUSTRALIAN COLLEGE OF MIDWIVES INCORPORATED

(NON-REPORTING)

Report on the Financial Report

We have audited the accompanying financial report, being a special purpose financial report, of

Australian C ollege of M idwives Incorporated ( Non-reporting) ( the asso ciation), w hich co mprises

the bal ance sh eet as at 30 Ju ne 2009, and t he income statement, a su mmary of si gnificant

accounting policies, other explanatory notes and the statement by members of the committee.

Committee’s Responsibility for the Financial Report

The committee of the association is responsible f or t he pr eparation and f air pr esentation of t he

financial report and have determined that t he acco unting pol icies described i n N ote 1 t o t he

financial statements, which form par t of t he f inancial r eport, ar e co nsistent w ith t he f inancial

reporting r equirements of t he Associations Incorporation Act, ACT, 1991 and ar e appr opriate to

meet the needs of t he m embers. T he co mmittee’s responsibilities also i nclude est ablishing and

maintaining internal control relevant to the preparation and fair presentation of the financial report

that i s free from material misstatement, whether due to fraud or error; selecting and applying

appropriate accounting policies; and making acco unting est imates that ar e r easonable i n t he

circumstances.

Auditor’s Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. No opinion is

expressed as to whether the accounting policies used, as described in Note 1, are appropriate to

meet the needs of the members. W e conducted our audit in accordance with Australian Auditing

Standards. T hese A uditing S tandards require t hat we comply with relevant ethical requirements

relating to audit engagements and pl an and per form t he audi t t o obt ain r easonable assu rance

whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and

disclosures in t he f inancial r eport. T he pr ocedures selected depend on t he audi tor’s judgment,

including the assessment of the risks of material misstatement of the financial report, whether due

to fraud or error. In making those risk assessments, the auditor considers internal control relevant

to the entity’s preparation and fair presentation of the financial report in order to design audit

procedures that ar e appr opriate i n t he ci rcumstances, but not f or t he pur pose of expressing an

opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the

appropriateness of acco unting pol icies used and t he r easonableness of acco unting est imates

made by the committee, as well as evaluating the overall presentation of the financial report. The

financial report has been prepared for distribution to members for the purpose of fulfilling the

committee’s financial reporting under the Associations Incorporation Act, ACT, 1991. We disclaim

any assumption of responsibility for any reliance on this report or on the financial report to which it

relates to any person other than the members, or for any purpose other that that for which it was

prepared.

We bel ieve t hat t he audi t ev idence w e hav e obt ained i s sufficient and appr opriate to provide a

basis for our audit opinion.

3

Offices located at:

BEGA 106 Auckland St BEGA NSW 2550 Ph (02) 6491 6491 Fax (02) 6491 6400

BERMAGUI Shop 4/2 Wallaga St BERMAGUI NSW 2546 Ph (02) 6493 4150

BOMBALA Maybe St BOMBALA NSW 2632 Ph (02) 6458 3798

COOMA 57 Massie St COOMA NSW 2550 Ph (02) 6452 1797 Fax (02) 6452 1604

EDEN 14 Chandos Street, EDEN NSW 2551 Ph (02)6496 1561 Fax (02) 6496 3250

JINDABYNE Nuggets Crossing, JINDABYNE NSW 2627 Ph (02) 6456 2477

MERIMBULA 77 Main St MERIMBULA NSW 2548 Ph (02) 6499 8300 Fax (02) 6495 3388

Chartered Accountants

and Business Advisors

Our web site is http://www.kothes.com.au

Liability limited by a

scheme approved

under Professional

Standards Legislation


Kothes

INDEPENDENT AUDIT REPORT TO THE MEMBERS

OF AUSTRALIAN COLLEGE OF MIDWIVES INCORPORATED

(NON-REPORTING) (CONTINUED)

Independence

In conducting our audi t, w e hav e co mplied w ith the independence requirements of Australian

professional ethical pronouncements.

Qualification

As is common for organisations of this type, it is not practicable for the Committee to maintain an

effective system of internal control over all income amounts until their initial entry in the accounting

records. Accordingly, our audit in relation to income amounts was limited to amounts recorded.

Qualified Audit Report

In our opinion, subject to the effects of such adjustments, if any, that might have been determined

to be necessary had the limitation referred t o i n t he q ualification par agraph not ex isted, the

financial r eport of Australian College of Midwives Incorporated (Non-reporting) presents fairly, in

all m aterial aspects the financial position of Australian C ollege of M idwives Incorporated ( Nonreporting)

as at 30 Ju ne 2009 and of i ts financial per formance f or t he y ear then ended i n

accordance with the accounting policies described in Note 1 to the financial statements.

KOTHES

Chartered Accountants

SIMON BYRNE

Partner

Registered Company Auditor (#153624)

CANBERRA, 9 September 2009

4


ABN: 49 289 821 863

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

STATEMENT BY THE COMMITTEE

The committee has determined that the association is not a r eporting entity and t hat this special

purpose financial report should be prepared in accordance with the accounting policies outlined in

Note 1 to the financial statements.

In the opinion of the committee the financial report:

1. Presents a t rue and f air v iew of t he f inancial posi tion of Australian C ollege of M idwives

Incorporated as at 30 June 2009 and its performance for the year ended on that date.

2. At t he dat e of t his statement, t here ar e reasonable grounds to believe that Australian

College of Midwives Incorporated will be able to pay its debts as and when they fall due.

This statement is made in accordance with a resolution of the Committee and is signed for and on

behalf of the Committee by:

Pat BRODIE

President

Jenny GAMBLE

Treasurer

Date: 1 October 2009

5


ABN: 49 289 821 863

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

INCOME

Assessments 83,347 71,399

BFHI supporters 409 521

Conference income 31,920 82,802

Deakin property -- 20,280

Donations -- 52

Freight 173 --

Information packs 708 816

Interest 1,854 2,386

Membership 446,600 485,661

Merchandise 39,773 12,693

National meeting -- 2,541

Other income 754 60

Programs 393,747 70,772

Publications 143,769 134,950

Sales 345 --

---------------- ----------------

1,143,399 884,933

---------------- ----------------

COST OF SALES

Opening stock 28,851 19,663

Purchases 80,264 31,237

Closing stock (45,964) (28,851)

---------------- ----------------

63,151 22,049

---------------- ----------------

6


ABN: 49 289 821 863

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

(Continued)

2009 2008

EXPENDITURE

Assessor fees 18,077 17,799

Australian midwifery news 64,983 80,621

Board expenses 15,141 12,771

College programs / projects 72,966 6,333

Communications 131,963 64,476

Conferences 374 13,283

Deakin property expenses 12,641 10,304

Employment expenses 488,847 418,455

EO expenses 4,372 4,818

Finance and administration 38,512 36,679

Interest paid -- 793

Membership services 19,355 36,360

Midwifery journal 65,509 73,964

Office expenses 32,564 42,466

Other Board expenses 13,059 7,086

Other expenses 31,866 23,905

President’s expenses 6,173 3,749

Promotional publishing and printing 1,750 --

Staff expenses 10,761 10,557

Travel 19,527 22,104

With women 9,934 120

---------------- ----------------

1,058,374 886,643

---------------- ----------------

SURPLUS / (DEFICIT) FOR THE YEAR 21,874 (23,758)

========= =========

7


ABN: 49 289 821 863

BALANCE SHEET

AS AT 30 JUNE 2009

NOTE 2009 2008

Current Assets

Cash 2 119,165 142,329

Receivables 3 164,608 145,301

Stock on hand 45,964 28,851

Prepayments 19,017 19,418

---------------- ----------------

Total Current Assets 348,754 335,899

---------------- ----------------

Non-Current Assets

Fixed assets 4 412,848 412,823

---------------- ----------------

Total Non-Current Assets 412,848 412,823

---------------- ----------------

TOTAL ASSETS 761,602 748,722

---------------- ----------------

Current Liabilities

Creditors and accruals 5 235,482 244,476

---------------- ----------------

TOTAL LIABILITIES 235,482 244,476

---------------- ----------------

NET ASSETS 526,120 504,246

========= =========

Equity

Opening balance 504,246 528,004

Net surplus / (deficit) for the year 21,874 (23,758)

---------------- ----------------

TOTAL EQUITY 526,120 504,246

========= =========

The above balance sheet should be read in conjunction with the accompanying notes.

8


ABN: 49 289 821 863

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

CASH FLOWS FROM OPERATING ACTIVITIES

NOTE 2009 2008

Receipts from operating activities – inclusive of GST 1,228,894 960,866

Payments for operating activities – inclusive of GST (1,250,321) (1,028,973)

---------------- ----------------

(21,427) (68,107)

Interest received 1,854 573

---------------- ----------------

Net cash (used) by operating activities 6 (19,573) (67,534)

---------------- ----------------

CASH FLOWS FROM INVESTING ACTIVITIES

Payment for property, plant and equipment (3,591) (6,090)

---------------- ----------------

Net cash (used) by investing activities (3,591) (6,090)

---------------- ----------------

Net (decrease) in cash for financial year (23,164) (73,624)

CASH AT 30 JUNE 2008 142,329 215,953

---------------- ----------------

CASH AT 30 JUNE 2009 2 119,165 142,329

========= =========

The above cash flow statement should be read in conjunction with the accompanying notes.

9


ABN: 49 289 821 863

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

1. Statement of Accounting Policies

The Association is incorporated under the Associations Incorporation Act, 1991, ACT. It is

registered with the Australian Business Register - Australian Business Number 49 289 821

863. The Association is registered for Goods & Services Tax purposes and accounts for

GST on a quarterly cash basis.

This financial r eport i s a sp ecial pur pose f inancial r eport pr epared i n or der t o sa tisfy the

financial reporting r equirements of t he Associations Incorporation Act, 1991, ACT. T he

committee has determined that the association is not a reporting entity.

The financial report has been prepared on an accruals basis and is based on historic costs

and does not take into account changing money values or, except where specifically

stated, current valuations of non-current assets.

The f ollowing m aterial accounting policies, which are consistent with t he pr evious period

unless otherwise stated, have been adopted in the preparation of this financial report.

(a)

(b)

(c)

Income Tax

The Association has reviewed its income tax status and have assessed the Association to

be exempt from income tax under section 50-10 of the Income Tax Assessment Act, 1997.

Consequently, no provision for taxation has been made in the financial statements.

Cash

For t he pur poses of t he cash f low st atement, cash includes deposits at c all w hich ar e

readily convertible to cash on hand and are used in the cash management function on a

day to day basis.

Trade debtors

Trade debt ors are r ecognised f or Association sa les and m emberships. A ll t rade debtors

are recognised at the amounts receivable as they are due for settlement no m ore than 30

days from the date of recognition.

Collectibility of trade debtors is reviewed on an on-going basis. Debts which are known to

be uncollectible are written off. A provision for doubtful debts is raised where some doubt

as to collection exists.

(d)

(e)

Inventories

Inventories are valued at cost based on latest invoice prices.

Fixed Assets

The cost method of accounting is used f or al l acq uisitions of asse ts. A ssets purchased

greater t han $500 ar e capitalised. T hese i tems are at v aluation and w ill be depr eciated

over their useful lives.

Rates of depreciation are on a straight line basis and are as follows:

Plant & Equipment 15 to 40%

Furniture & Fittings 15 to 40%

The r ental pr operty i s not depreciated as the C ommittee ar e i n t he bel ief t hat t he v alue

carried in the financial statements is below the net realisable value of the property as at the

balance date.

10


ABN: 49 289 821 863

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

1. Statement of Accounting Policies (continued)

(f)

(g)

Creditors and Accruals

These amounts represent liabilities for goods and services provided to the economic entity

prior to the end of the financial year and which are unpaid. The amounts are unsecured

and are usually paid within 30 days of recognition.

Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable.

Amounts disclosed as revenue and ar e net of taxes paid. Revenue is recognised for the

major business activities as follows:

Grants

Grants are recognised at their fair v alue. I ncome i s recognised w hen t he A ssociation

receives the grant or the right to receive the grant and there is a reasonable assurance that

the grant will be received and the Association will comply with all attached conditions.

Sale of Goods

Revenue is taken to account when the control of the goods has passed to the buyer.

Interest

Interest revenue is recognised as it accrues using the effective interest method. The

effective interest method is the rate that exactly discounts estimated future cash receipts

over the expected life of the financial instrument to the net carrying amount of the financial

asset.

Subscriptions

Subscriptions for annual m embership ar e r ecognised i n r evenue ov er t he m embership

year.

2009 2008

2. Cash

Cash at bank 119,165 142,329

========= =========

The above figure is reconciled to cash at the end of

the financial year as shown in the cash flow

statement.

3. Receivables

Trade receivables 95,627 145,856

Less: Provision for doubtful debts -- (5,000)

---------------- ----------------

95,627 140,856

Rental bond -- 4,445

Loans – Conferences 40,454 --

Database revenue account 28,527 --

---------------- ----------------

164,608 145,301

========= =========

11


ABN: 49 289 821 863

NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

4. Fixed Assets

Deakin property at cost 405,658 405,658

Less: Accumulated depreciation -- --

---------------- ----------------

405,658 405,658

---------------- ----------------

Plant & equipment at cost 11,240 7,649

Less: Accumulated depreciation (4,543) (1,064)

---------------- ----------------

6,697 6,585

---------------- ----------------

Furniture & fittings at cost 623 623

Less: Accumulated depreciation (130) (43)

---------------- ----------------

493 580

---------------- ----------------

412,848 412,823

========= =========

5. Creditors and accruals

Trade creditors 94,160 74,917

Database revenue account -- 18,269

GST payable 32,416 38,640

Monies received in advance 72,391 85,500

Provision for employee benefits 36,515 27,150

---------------- ----------------

235,482 244,476

========= =========

6. Notes to the Cash Flow Statement

Reconciliation of net ca sh pr ovided by oper ating

activities to the operating result after income tax:-

Operating surplus / (deficit) 21,874 (23,758)

Add back non-cash items

Depreciation 3,566 2,403

Movement in provisions 9,365 8,973

Changes in Assets and Liabilities

(Increase)/decrease in trade and sundry debtors (19,307) (27,172)

(Increase)/decrease in prepayments 401 (2,336)

(Increase)/decrease in inventories (17,113) (9,188)

Increase/(decrease) in trade creditors and accruals 974 (9,165)

Increase/(decrease) in GST clearing account (6,224) 36,714

Increase/(decrease) in monies in advance (13,109) (44,005)

---------------- ----------------

Net cash (used) by operating activities (19,573) (67,534)

========= =========

12


ABN 36 472 755 795

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

DISCLAIMER

The additional financial data presented in the on the following pages is in accordance with the books

and r ecords of t he Australian C ollege of Midwives Incorporated which have been su bjected t o t he

auditing procedures applied in our statutory audit of the company for the year ended 30 Ju ne 2009.

It will be appreciated that our statutory audit did not cover all details of the additional financial data.

Accordingly, we do not ex press an opi nion on su ch f inancial dat a and no w arranty of accu racy or

reliability is given.

In accordance with our firm’s policy, we advise that neither the firm nor any member or employee of

the firm undertakes responsibility arising in any w ay w hatsoever t o any per son ( other t han t he

company) i n r espect of su ch data, including any errors or om issions therein, ar ising t hrough

negligence or otherwise however caused.

KOTHES

Chartered Accountants

SIMON BYRNE

Partner

CANBERRA, 9 September 2009

13

Offices located at:

BEGA 106 Auckland St BEGA NSW 2550 Ph (02) 6491 6491 Fax (02) 6491 6400

BERMAGUI Shop 4/2 Wallaga St BERMAGUI NSW 2546 Ph (02) 6493 4150

BOMBALA Maybe St BOMBALA NSW 2632 Ph (02) 6458 3798

COOMA 57 Massie St COOMA NSW 2550 Ph (02) 6452 1797 Fax (02) 6452 1604

EDEN 14 Chandos Street, EDEN NSW 2551 Ph (02)6496 1561 Fax (02) 6496 3250

JINDABYNE Nuggets Crossing, JINDABYNE NSW 2627 Ph (02) 6456 2477

MERIMBULA 77 Main St MERIMBULA NSW 2548 Ph (02) 6499 8300 Fax (02) 6495 3388

Chartered Accountants

and Business Advisors

Our web site is http://www.kothes.com.au

Liability limited by a

scheme approved

under Professional

Standards Legislation


ABN: 49 289 821 863

Operating Result for the Year

SUPPLEMENTARY INFORMATION

AUSTRALIAN COLLEGE OF MIDWIVES INCORPORATED

SUMMARY OF FINANCIAL PERFORMANCE AND POSITION

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

- Australian College of Midwives Incorporated 24,123 (13,126)

- Australian Midwives Scholarship Fund (2,604) 1,218

- Baby Friendly Health Initiative 355 (13,745)

- Midwifery Practice Review -- 1,245

- CPD Framework -- 650

---------------- ----------------

CONSOLIDATED RESULT FOR YEAR 21,874 (23,758)

---------------- ----------------

Opening balance 504,246 528,004

---------------- ----------------

TOTAL EQUITY 526,120 504,246

========= =========

Made up of:

EQUITY:

- Australian College of Midwives Incorporated 241,962 217,839

- Australian Midwives Scholarship Fund 243,638 246,242

- Baby Friendly Health Initiative 40,520 40,165

--------------- ----------------

TOTAL EQUITY 526,120 504,246

========= =========

14


ABN: 49 289 821 863

SUPPLEMENTARY INFORMATION

AUSTRALIAN COLLEGE OF MIDWIVES INCORPORATED

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

INCOME

Conference income 31,920 82,802

Deakin property -- 20,280

Interest – Bank 1,755 1,813

Membership 446,600 485,661

Merchandise 39,773 12,693

Other income 753 59

Programs 396,020 70,772

Publications 143,769 134,950

---------------- ----------------

1,060,590 809,030

---------------- ----------------

COST OF SALES

Opening stock 28,851 19,663

Purchases 80,178 31,150

Closing stock (45,964) (28,851)

---------------- ----------------

63,065 21,962

---------------- ----------------

EXPENDITURE

Australian midwifery news 64,983 80,620

Board expenses 15,141 12,771

College programs / projects 82,857 18,164

Communications 131,963 64,476

Conferences 374 13,283

Deakin property expenses 12,641 10,304

Employment expenses 449,608 376,302

EO expenses 4,372 4,818

Finance and administration 32,242 29,476

Interest expense -- 793

Membership services 9,355 27,565

Midwifery journal 65,509 73,964

Office expenses 32,564 42,466

Other Board expenses 13,059 7,086

Other expenses 31,866 23,680

President’s expenses 6,173 3,749

Staff expenses 10,761 10,557

With women 9,934 120

---------------- ----------------

973,402 800,194

---------------- ----------------

OPERATING SURPLUS / (DEFICIT) FOR THE YEAR 24,123 (13,126)

========= =========

15


ABN: 49 289 821 863

SUPPLEMENTARY INFORMATION

AUSTRALIAN COLLEGE OF MIDWIVES INCORPORATED

BALANCE SHEET

AS AT 30 JUNE 2009

2009 2008

Current Assets

Cash at bank 16,613 111,422

Trade receivables 101,981 106,947

Less: Provision for doubtful debts -- (5,000)

Rental bond -- 4,445

Loans – Conferences 40,454 --

Database revenue account 28,527 --

Loan – BFHI -- 8,747

Stock on hand 45,964 28,851

Prepayments 19,017 19,418

---------------- ----------------

Total Current Assets 252,556 274,830

---------------- ----------------

Non-Current Assets

Plant & Equipment 7,190 7,165

Property 172,929 172,929

---------------- ----------------

Total Non-Current Assets 180,119 180,094

---------------- ----------------

TOTAL ASSETS 432,675 454,924

---------------- ----------------

Current Liabilities

Creditors and accruals 112,135 124,968

Provisions 35,981 26,617

Monies received in advance 22,500 85,500

Loan – BFHI 20,097 --

---------------- ----------------

TOTAL LIABILITIES 190,713 237,085

---------------- ----------------

NET ASSETS 241,962 217,839

========= =========

Equity

Opening balance 217,839 230,965

Net surplus / (deficit) for the year 24,123 (13,126)

---------------- ----------------

TOTAL EQUITY 241,962 217,839

========= =========

16


ABN: 49 289 821 863

SUPPLEMENTARY INFORMATION

AUSTRALIAN MIDWIVES SCHOLARSHIP FUND

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

INCOME

Interest received - Bank 5 13

Interest received – Deakin property 9,891 10,000

---------------- ----------------

9,896 10,013

---------------- ----------------

EXPENDITURE

Administration 2,500 --

Scholarships – AMSF 10,000 8,795

---------------- ----------------

12,500 8,795

---------------- ----------------

OPERATING (DEFICIT) / SURPLUS FOR THE YEAR (2,604) 1,218

========= =========

BALANCE SHEET

AS AT 30 JUNE 2009

Current Assets

Cash 10,909 13,513

Investment in Deakin Property 232,729 232,729

---------------- ----------------

TOTAL ASSETS 243,638 246,242

---------------- ----------------

NET ASSETS 243,638 246,242

========= =========

Equity

Opening balance 246,242 245,024

Net (deficit) / surplus for the year (2,604) 1,218

---------------- ---------------

TOTAL EQUITY 243,638 246,242

========= =========

17


ABN: 49 289 821 863

SUPPLEMENTARY INFORMATION

BABY FRIENDLY HEALTH INITIATIVE

INCOME STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

INCOME

Assessments 83,347 71,399

BFHI supporters 409 521

Donations -- 52

Freight 173 --

Information packs 708 816

Interest 94 353

National meeting -- 2,542

Sales 345 --

---------------- ---------------

85,076 75,683

---------------- ---------------

EXPENDITURE

Assessor fees 18,077 17,799

Cost of goods sold 85 87

Employment expenses 39,238 42,152

Finance and administration 6,044 7,203

Other expenses -- 83

Promotional publishing and printing 1,750 --

Travel and accommodation expenses 19,527 22,104

---------------- ---------------

84,721 89,428

---------------- ---------------

OPERATING SURPLUS / (DEFICIT) FOR THE YEAR 355 (13,745)

========= =========

18


ABN: 49 289 821 863

SUPPLEMENTARY INFORMATION

BABY FRIENDLY HEALTH INITIATIVE

BALANCE SHEET

AS AT 30 JUNE 2009

2009 2008

Current Assets

Cash 91,642 17,394

Trade receivables 856 38,909

Loan – ACMI 20,097 --

---------------- ----------------

Total Current Assets 112,595 56,303

---------------- ----------------

TOTAL ASSETS 112,595 56,303

---------------- ----------------

Current Liabilities

Creditors and accruals 21,650 6,858

Monies received in advance 49,891 --

Provisions 534 533

Loan – ACMI -- 8,747

---------------- ----------------

TOTAL LIABILITIES 72,075 16,138

---------------- ----------------

NET ASSETS 40,520 40,165

========= =========

Equity

Opening balance 40,165 53,910

Net surplus / (deficit) for the year 355 (13,745)

---------------- ----------------

TOTAL EQUITY 40,520 40,165

========= =========

19


ABN: 49 289 821 863

SUPPLEMENTARY INFORMATION

2009 2008

MIDWIFERY PRACTICE REVIEW

INCOME STATEMENT

INCOME

ACMI contribution -- 1,260

Interest received -- 22

---------------- ----------------

-- 1,282

---------------- ----------------

EXPENDITURE

Other expenses -- 37

---------------- ----------------

OPERATING SURPLUS FOR THE YEAR -- 1,245

========= =========

MIDWIFERY PRACTICE REVIEW

BALANCE SHEET

NET ASSETS -- --

========= =========

Equity

Opening balance -- (1,245)

Net surplus for the year -- 1,245

---------------- ---------------

TOTAL EQUITY -- --

========= =========

CPD FRAMEWORK

INCOME STATEMENT

INCOME

ACMI contribution -- 571

Interest received -- 185

---------------- ----------------

-- 756

---------------- ----------------

EXPENDITURE

Other expenses -- 106

---------------- ----------------

OPERATING SURPLUS FOR THE YEAR -- 650

========= =========

CPD FRAMEWORK

BALANCE SHEET

NET ASSETS -- --

========= =========

Equity

Opening balance -- (650)

Net surplus / (deficit) for the year -- 650

---------------- ---------------

TOTAL EQUITY -- --

========= =========

20