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Scouts SA Annual Report 2016

SCOUTS SA ANNUAL REPORT 2016 Auditor's Responsibility Our responsibility is to express an opinion on the concise financial report based on our procedures, which were conducted in accordance with Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements. Auditor's Opinion In our opinion, the information reported in the concise financial report is consistent, in all material respects, with the financial report from which it was derived. For a better understanding of the scope of our audit, this auditor's report should be read in conjunction with our audit report on the annual statutory financial report. 4 Jim Gouskos, Director, Assurance Adelaide Pty Ltd (Formerly Moore Stephens Assurance Adelaide Pty Ltd) Dated this 22nd day of June 2016 Report on the Concise Financial Report We have audited the concise financial report of The Scout Association of Australia, South Australian Branch comprising the Statement of Comprehensive Income and Statement of Cash Flows for the year ended 31 March 2016 and the Statement of Financial Position as at that date. The concise financial report is derived from The Scout Association of Australia, South Australian Branch annual statutory financial report. We expressed an unmodified opinion on the statutory financial report in our auditor’s report to the members dated 22 June 2016. The Responsibility of Those Charged with Governance for the Concise Financial Report The Executive Committee is responsible for the preparation and fair presentation of the concise financial report in accordance with the Australian Accounting Standards — Reduced Disclosure Requirements (including the Australian Accounting Interpretations) and the Associations Incorporation Act (SA) 1985. Snapshot ALL REVENUE 2015-2016 ALL EXPENSES 2015-2016 OTHER EXPENSES 2015-2016 Cost of Goods Sold — Commercial Fundraising Activities – $13,579,304 Employee wages and on-costs – $7,655,282 Depreciation – $870,118 Rent – $697,806 Repairs and maintenance – $474,815 Activity expenses – $462,088 Insurance Premiums – $387,724 Net Loss on disposal of financial assets – $253,026 Printing, postage and stationery – $214,859 Travel, entertainment and accommodation – $181,179 Computer and membership system expenses – $175,705 Light, power, gas and heating – $172,931 Rates and taxes – $168,400 Share of net (loss) of joint venture activities – $160,434 Advertising and promotion – $152,235 Interest charges – $151,317 Telephone and facsimile – $117,325 Other Expenses – $804,930 Revenue from commercial fundraising activities – $22,676,099 Rent, hire and letting charges – $940,487 Dividends received – $557,890 Other income – $528,934 Course, camping and activity fees – $384,029 Membership and registration fees – $350,732 Net gain on disposal of financial assets – $102,647 Net gain on disposal of property, plant and equipment – $65,592 Rental Income (Arena) – $60,627 Interest Received – $30,932 Insurance Claims – $8,055 Sponsorship – $104,456 National expenses – $89,869 Administration Fees – $76,491 Fees, Licences and Registrations – $74,592 Hire Purchase and Lease Charges – $60,625 Freight – $33,734 Bank Fees – $29,230 Insurance Claims paid to Scout groups – $25,501 Awards, Badges and Certificates – $25,421 Legal Fees – $17,014 Security – $15,334 Functions – $15,165 World Bureau Fees – $9,915 Other – $227,583 INDEPENDENT AUDITOR’S REPORT FINANCIAL N.B These graphs do not form part of the Concise Financial Report and no Audit Opinion has been formed on them.


Scouts SA Annual Report 2016
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