Annual Report 2007 - front cover - Cerebral Palsy Alliance

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12 THE SPASTIC CENTRE • 2007 ANNUAL REPORT directors’ declaration 1) In the opinion of The Spastic Centre of New South Wales (the Company): a) the financial statements and notes set out on pages 14 to 32, are in accordance with the Corporations Act 2001, including: i) giving a true and fair view of the Company’s and the consolidated entity’s financial position as at 30 June 2007 and of their performance for the financial year ended on that date; and ii) complying with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Regulations 2001; b) the financial report also complies with International Financial Reporting Standards as disclosed in note 1(a); and c) there are no reasonable grounds to believe that the Company will not be able to pay its debts as and when they become due and payable. 2) There are reasonable grounds to believe that the Company and the group entities identified in Note 23 will be able to meet any obligations or liabilities to which they are or may become subject by virtue of the Deed of Cross Guarantee between the Company and those group entities pursuant to ASIC Class Order 98/1418. Signed in accordance with a resolution of the Board of Directors: M. A. Thornton, AM M. B. Bryant Director Director Sydney, 19 September 2007 declaration by chief executive officer in respect of fundraising appeals I, Rob White, Chief Executive Officer of The Spastic Centre of New South Wales, declare in my opinion: (a) the financial statements give a true and fair view of all income and expenditure of The Spastic Centre of New South Wales with respect to fundraising appeal activities for the financial year ended 30 June 2007; (b) the Income Statement gives a true and fair view of the state of affairs with respect to fundraising appeal activities as at 30 June 2007; (c) the provisions of the Charitable Fundraising Act 1991 and Regulations and the conditions attached to the authority have been complied with during the period from 1 July 2006 to 30 June 2007; and (d) the internal controls exercised by The Spastic Centre of New South Wales are appropriate and effective in accounting for all income received and applied from any fundraising appeals. Dated at Sydney this 19 September 2007. Rob White Chief Executive Officer
Independent Audit Report to the members of The Spastic Centre of New South Wales Pursuant to the Corporations Act 2001 and Charitable Fundraising (NSW) Act 1991 and Regulations REPORT ON THE FINANCIAL REPORT We have audited the accompanying financial report of the The Spastic Centre of New South Wales (“the Company”) for the financial year ended 30 June 2007, which comprises the balance sheets as at 30 June 2007 and the income statements, statements of changes in equity and cash flow statements for the year then ended, a summary of significant accounting policies and other explanatory notes 1 to 29 and the directors’ declaration of the consolidated entity comprising the Company and the entities it controls at the year’s end or from time to time during the financial year. DIRECTORS’ RESPONSIBILITY FOR THE FINANCIAL REPORT The directors of the Company are responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Act 2001. This responsibility also includes establishing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. In note 1, the directors also state, that the financial report, comprising the financial statements and notes, complies with International Financial Reporting Standards. AUDITOR’S RESPONSIBILITY Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor’s judgement, 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 are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report. We performed the procedures to assess whether in all material respects the financial report presents fairly, in accordance with the Corporations Act 2001 and Australian Accounting Standards (including the Australian Accounting Interpretations), a view which is consistent with our understanding of the Company’s and the consolidated entity’s financial position and of their performance. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. ADDITIONAL SCOPE PURSUANT TO THE CHARITABLE FUNDRAISING (NSW) ACT 1991 In addition, our audit report has also been prepared for the members of the Company and the consolidated entity in accordance with Section 24(2) of the Charitable Fundraising (NSW) Act 1991. Accordingly we have performed additional work beyond that which is performed in our capacity as auditors pursuant to the THE SPASTIC CENTRE • 2007 ANNUAL REPORT Corporations Act 2001. These additional procedures included obtaining an understanding of the internal control structure for fundraising appeal activities and examination, on a test basis, of evidence supporting compliance with the accounting and associated record keeping requirements for fundraising appeal activities pursuant to the Charitable Fundraising (NSW) Act 1991 and Regulations. It should be noted that the accounting records and data relied upon for reporting on fundraising appeal activities are not continuously audited and do not necessarily reflect after the event accounting adjustments and the normal year end financial adjustments for such matters as accruals, prepayments, provisioning and valuations necessary for year end financial report preparation. The performance of our statutory audit included a review of internal controls for the purpose of determining the appropriate audit procedures to enable an opinion to be expressed on the financial report. This review is not a comprehensive review of all those systems or of the system taken as a whole and is not designed to uncover all weaknesses in those systems. The audit opinion expressed in this report pursuant to the Charitable Fundraising (NSW) Act 1991 has been formed on the above basis. STATEMENT OF CONTINUED INDEPENDENCE In conducting our audit, we have complied with the independence requirements of the Corporations Act 2001. We confirm that the independence declaration required by the Corporations Act 2001, provided to the directors of The Spastic Centre of New South Wales on 19th September 2007, would be unchanged if provided to the directors as at date of this auditor’s report. AUDITOR’S OPINION PURSUANT TO THE CORPORATIONS ACT 2001 In our opinion, the financial report of The Spastic Centre of New South Wales is in accordance with: a) the Corporations Act 2001, including: i. giving a true and fair view of the Company’s and the consolidated entity’s financial position as at 30 June 2007 and of its performance for the year ended on that date; and ii.complying with Accounting Standards (including the Australian Accounting Interpretations) and the Corporations Regulations 2001. b) the financial report also complies with International Financials Reporting Standards as disclosed in note 1. AUDIT OPINION PURSUANT TO THE CHARITABLE FUNDRAISING (NSW) ACT 1991 In our opinion: a)the financial report gives a true and fair view of the financial result of fundraising appeal activities for the financial year ended 30 June 2007; b)the financial report has been properly drawn up, and the associated records have been properly kept for the period from 1 July 2006 to 30 June 2007, in accordance with the Charitable Fundraising (NSW) Act 1991 and Regulations; c) money received as a result of fundraising appeal activities conducted during the period from 1 July 2006 to 30 June 2007 has been properly accounted for and applied in accordance with the Charitable Fundraising (NSW) Act 1991 and Regulations; and d)there are reasonable grounds to believe that The Spastic Centre of New South Wales will be able to pay its debts as and when they fall due. KPMG Kathy Ostin, Partner Sydney, 25 September 2007 13
Page 1 and 2: Annual Report
Page 3 and 4: THE SPASTIC CENTRE OF NEW SOUTH WAL
Page 5 and 6: The need for a major facility upgra
Page 7 and 8: ■ It was a record year for fundra
Page 9 and 10: Associate Professor Nossar was prev
Page 11 and 12: Board Committees FINANCE AND AUDIT
Page 13: THE SPASTIC CENTRE • 2007 ANNUAL
Page 17 and 18: income statements for the year ende
Page 19 and 20: THE SPASTIC CENTRE • 2007 ANNUAL
Page 21 and 22: c) Basis of consolidation Subsidiar
Page 23 and 24: In these circumstances the GST is r
Page 25 and 26: CURRENT ASSETS THE SPASTIC CENTRE
Page 31 and 32: NOTES THE SPASTIC CENTRE • 2007 A
Page 37 and 38: CREDIT CARD DETAILS Please debit my
Page 39 and 40: sponsors & supporters Committee Mem
Page 41 and 42: sponsors & supporters MIGHT AND POW
Page 43 and 44: sponsors & supporters DONORS $500 T
Page 45: sponsors & supporters VOLUNTEERS -

Annual Report 2007 - front cover - Cerebral Palsy Alliance

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