<strong>ACEM</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> INCOME AND EXPENDITURE ACCOUNT for the year ended 30 June <strong>2011</strong> 60 <strong>2011</strong> INCOME <strong>2011</strong> $ 2010 $ Fellows annual and entrance fees 1,352,963 1,304,172 Reimbursement of secretarial services 255,476 281,579 Exam fees received 1,501,704 1,393,939 Trainee annual & entrance Fees 1,654,056 1,435,294 Sundry subscriptions & fees 81,789 52,287 Continuing professional development levy (non-fellows) 57,127 27,403 DOHA Project income 145,569 - Project Grant surplus 104,545 - Conference surplus 47,112 109,138 Surplus on sale of non-current assets 122 - Gross surplus from trading - 559 OTHER INCOME 5,200,463 4,604,371 Investment Trusts Distributions Received 113,625 133,926 Interest received 305,566 132,753 419,191 266,679 5,619,654 4,871,050 EXPENDITURE Access Block Summit 2008 (11,000) 832 Accountancy fees 20,500 14,400 Accreditation expenses 59,256 50,313 ACME Course development 15,131 2,675 <strong>Annual</strong> leave 21,890 27,716 Amortisation 76,775 95,141 Auditor’s remuneration 13,000 11,500 Awards, gifts and memorabilia 10,676 1,323 Bad debts 12,062 - Bank merchant charges 40,915 54,780 Bank charges 4,918 2,436 BOE expenses 63,521 59,386 Cleaning 10,723 10,975 Computer software support 111,055 71,341 College committee expenditure 275,182 154,620 Council expenses 49,110 50,102 Conferences 9,194 6,795 Consultancy fees 2,431 47,621 Consultants - Web & Print 36,230 33,152 $ 2010 $ Depreciation 209,881 155,151 DEMT expenditure 72,269 70,803 DOHA Project expenses 145,569 - Donations 2,000 550 Doubtful debts 1,260 6,870 Electricity 20,337 16,577 Exam expenses - Primary 302,376 241,455 Exam expenses - Fellowship 226,643 239,420 Faculty expenses 35,158 26,002 Fellowship entry interview 6,889 7,511 Filing fees 990 145 Freight 4,757 2,999 General expenses 19,231 19,104 Insurance 32,140 32,761 IFEM expenses 26,201 36,885 International Development Fund - 20,000 Investment advice 21,631 17,631 Journal Emergency Medicine Australasia 5,122 6,683 Legal costs 37,769 10,285 Long service leave provided 16,768 (5,575) Defi cit on disposal of non-current assets 58,226 110,493 Media – monitoring 14,090 13,202 Media – publicity 21,449 26,326 Meeting expenses 37,149 24,857 John Gilroy Potts - Memorial Award paid 1,500 2,550 Offi ce expenses 1,737 1,140 Printing, postage & stationery 64,445 281,468 Rates 1,538 1,386 Repairs & maintenance 25,694 17,460 Staff recruitment 60,231 72,833 Subscriptions & memberships 11,330 12,442 Superannuation contributions 108,210 87,195 Telecommunications 28,198 21,169 Wages 1,215,468 981,354 Staff benefi ts 21,536 6,720 Workcare levy 10,625 12,239 3,689,986 3,273,199 Surplus 1,929,668 1,597,851 This account is to be read in conjunction with the attached Accountants’ <strong>Report</strong>.
AUSTRALASIAN COLLEGE FOR EMERGENCY MEDICINE ABN 76 009 090 715 Postal Address: 34 Jeffcott Street, West Melbourne, Vic. 3003 Australia Tel: +61 (0)3 9320 0444 Fax: +61 (0)3 9320 0400 Email: admin@acem.org.au Website: www.acem.org.au © Copyright – Australasian College for Emergency Medicine All rights reserved
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