annual report 2012/2013 - rspca · pdf filecommunity organisation. we are governed by a board...

ANNUAL REPORT 2012/2013

Annual Report 2012/2013 2

1 Annual Report 2012/2013

ContentsRSPCA Australia Charter ............................................................2

RSPCA Australia Mission, Vision and Objectives ................................3

About RSPCA Tasmania .............................................................4

Board of Directors for the year ending June 30, 2013 ........................5

President’s report ...................................................................6

Shelter reports ......................................................................6

Inspectorate .........................................................................7

FINANCIAL STATEMENTS 2012/2013

Independent Auditor’s Report .....................................................9

Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2013 ..................................... 10

Statement of Financial Position as at 30 June 2013 ......................... 12

Statement of Changes in Equity as at 30 June 2013 ......................... 13

Statement of Cash Flows as at 30 June 2013 ................................. 14

Notes to the Financial Statements for the year ended 30 June 2013 ..... 15

RSPCA Australia – Charter

The RSPCA believes that man must treat animals humanely. Where man makes use of animals

or interferes with their habitat, he should bestow a level of care befitting man’s own dignity

as a rational, intelligent, compassionate being, and a level of care merited by the nature of

the animal as a sentient creature capable of responding to man’s care and attention. Such care

should be marked by sympathy, consideration, compassion and tenderness towards animals.


Mission To prevent cruelty to animals by actively promoting their care and protection.

Vision To be the leading authority in animal care and protection.

Objectives The objectives of the RSPCA in Australia are:

− To prevent cruelty to animals by ensuring the enforcement of existing laws at federal and state level.

− To procure the passage of such amending or new legislation as is necessary for the protection of animals.

− To develop and promote policies for the humane treatment of animals that reflect contemporary values and scientific knowledge.

− To educate the community with regard to the humane treatment of animals.

− To engage with relevant stakeholders to improve animal welfare.

− To sustain an intelligent public opinion regarding animal welfare.

− To operate facilities for the care and protection of animals.

These objectives are supported by a federation of member Societies known as RSPCA Australia, a National Council and administration.


About RSPCA TasmaniaWe are an autonomous, non government community organisation. We are governed by a Board that is elected each year by RSPCA members at an AGM. The Board acts according to our constitution and gives us our policy and strategic focus. Staff and volunteers ultimately report to the CEO who is the main linkage point between the day to day operations of the society and the Board.

The main functions of the Society in Tasmania are:

− to investigate cases of alleged cruelty or neglect

− to operate animal shelters

− to care for wildlife

− to raise community awareness of animal welfare issues through an education program

− to work with Government towards ensuring adequate legislation is in place and

− to raise funds to support these functions.

While much of the Society’s work deals with companion animals within the urban area, it is also concerned about the treatment of animals used for production of meat, eggs and fibre; for sport and entertainment; for research and experimentation.

Our clients and stakeholders − people who bring animals to us, whether

they are injured or are healthy animals being surrendered

− people who adopt animals from us

− people who purchase goods and services from us

− people and entities interested in animal welfare generally

− people and entities who support us by donating money, time, goods or services

− our members

Our Core Values − Caring for Animals

− Integrity

− Mutual Respect

− Self Responsibility

− Unity

− Professionalism

− Sustainability

− Continuous Improvement

− Inner Drive


Board of Directors for the year ending June 30, 2013

Executive

Chair Dr Paul Swiatkowski (Appointed November 13, 2009) (Resigned November 21, 2010) (Acting April 4, 2011) (Appointed October 8, 2011)

Vice-Chair Dr Paul Swiatkowski (Elected November 21, 2010) (Resigned April 4, 2011)

Angela Ayling (Appointed October 8, 2010)

Treasurer Debbie McGrath (Elected November 21, 2010)

Board Angela Ayling (Elected November 21, 2010) (Resigned October 8, 2011)

Judith King (Appointed March 3, 2013)

Jonathon Croome (Appointed March 3, 2013)

Rod Bowerman (Appointed March 3, 2013)

Debbie McGrath (Elected 21 November, 2010)

Chief Ben Sturges Executive (Appointed June 9, 2011) Officer (Terminated November 5, 2012)

Scott Wade(Appointed June 12, 2012)(Resigned August 25, 2012)

Heather Butler(Appointed September 24, 2011)(Resigned August 21, 2012)

Wendy Kennedy(Appointed June 12, 2012)(Resigned August 1, 2012)


Shelter reportsThis has been a very busy year for all three centres, with an increase in incoming animals – in some cases up to a 35% increase. We have noticed a steep increase in surrendered and seized livestock as well.

Devonport RSPCA is now running puppy and dog training classes. A substantial bequest has allowed us to plan for the building of a dedicated undercover training arena for this.

The Hobart Centre has also had a major facelift in terms of a readjustment of internal areas, creating more space and leading to a more welcoming environment, as well as better facilities for the animals.

RSPCA Hobart and Devonport have re-introduced private boarding as a source of ongoing revenue.

Staff turnover at all three centres have returned to a more stable environment, and greater operational efficiencies have been introduced and adopted state-wide.

As always, a huge thank you to staff and volunteers who have kept the centres running efficiently and effectively through a very busy year.

Outcomes of animals received 2012/2013

TypeReclaimed

and returned to owner

Rehomed Currently in care Euthanased Other TOTAL

2012/2013Previous

year

Canines 652 550 74 343 5 1624 1840

Felines 76 1208 198 1392 15 2889 2839

Horses, cattle, goats, sheep, pigs, livestock and fowl

14 184 64 79 3 344 208

Other (including pocket pets and birds, wildlife)

37 136 41 124 19 357 428


President’s reportThe past year has been one of challenges.

The organisation of the business was restructured in January 2013 to help deal with financial pressures. We were not the only charity to feel these pressures.

In the past year, the RSPCA had significant input into the revision of the Animal Welfare Act with a focus on uncontrolled breeding of companion animals. We are having ongoing input into the revision of dog and cat control regulations.

It was all hands on deck during the recent catastrophic Tasmania bush fires.

We remain committed to helping reduce unwanted dog and cat litters. The focus this year will be de-sexing as many cats as we can.

One of our key missions remains to find homes for as many rehomable animals as we can.

Our staff and volunteers remain our greatest resource. Without their care and dedication, none of what we do would be possible.

Yours in animal welfare, PAUL SWIATKOWSKI President, RSPCA Tasmania

InspectorateAnother year has come and gone and the Inspectorate continued to work well throughout with some remarkable achievements.

Our statistics continue to be among the best in the country on a per-capita and staffing basis, and we achieved some significant results through the Courts during this last year.

With new legislation coming into effect in the form of The Cat Management Act 2009 and imminent amendments to the Animal Welfare Act 1993, along with various regulations being introduced, the team is keeping itself up to date with legal developments and continues to provide an effective service to all animals across Tasmania.

Calls received 2,996

Jobs returned to at least once 324

Random inspections 54

Instructions issued 201

Infringement notices issued 17

Prosecutions commenced 38

Charges laid 101

People charged 42


FINANCIAL STATEMENTS2012/2013


Independent Auditor’s Report


Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2013

Statement of Profit or Loss and Other Comprehensive IncomeFor the year ended 30 June 2013

2013 2012Notes $ $

OPERATING REVENUE

Animal CentreAdoption 316,923 369,778 Boarding 23,060 9,840 Other animal centre 28,162 23,162 Inspectorate animal 5,930 2,526

374,075 405,306 Vet Clinic

Vet clinic income 107,567 84,885 Desexing Scheme - 37,899

107,567 122,784 Pound

LCC service contract 55,000 55,000 Dog release 15,461 14,998

70,461 69,998 Inspectorate service

DPIPWE service contract 399,996 480,000 399,996 480,000

Marketing & developmentTelemarketing commission 32,498 50,009 Donations 137,447 179,080 Fundraising 16 518,793 514,069 Sponsorships 17 6,640 195,209 Membership 4,665 10,420

700,043 948,787 Grants & subsidies

State government assistance 400,000 - Council grants 18 5,795 5,676 Council subsidies 19 21,500 21,500 Employment/training subsidies - 6,667 Grants 20 990 4,091 Royalties 82,194 75,756

510,479 113,690 Merchandising

Sale of goods & services 21 105,838 121,592 Chocolate & drink income 7,609 6,985 Microchip sales 1,951 19,931

115,398 148,508 Sundry income

Rent received 4,355 5,327 Gain on disposal of assets 145,031 16,468 Other income 2,772 1,407

152,158 23,202

Total Operating Revenue 2,430,177 2,312,275

Total Operating Expenses 3,446,306 4,063,115

Operating (Expense)/ Revenue for the Year 3 (1,016,129) (1,750,840)

NON-OPERATING REVENUE

Dividend Income 6,419 - Interest 11,738 27,977 Legacies & bequests 1,425,777 897,371

1,443,934 925,348

PROFIT FOR THE YEAR 13 427,805 (825,492)

OTHER COMPREHENSIVE INOMEIncrease in market value of investments 11,738 -

TOTAL COMPREHENSIVE INCOME FOR THE YEAR 439,543 (825,492)

The accompanying notes form part of this financial report.


Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2013

Statement of Profit or Loss and Other Comprehensive IncomeFor the year ended 30 June 2013

2013 2012Notes $ $

OPERATING EXPENSES

Animal careAmbulance expenses 504 102

Cleaning 11,088 10,491 Food 13,651 19,982 Other animal centre expenses 31,357 26,727 Inspectorate animal expenses 12,961 5,879

69,561 63,181 Veterinary costs

Veterinary expenses 196,811 191,764 Brightside Sanctuary - 1,367 Lab Fees 469 1,203 Drugs -Vet Centre 38,140 42,463 Microchip expenses 16,525 19,359 Consumables & minor equipment 22,501 41,326 Desexing scheme 9,269 78,746

283,715 376,228 Pound

Cleaning 773 1,570 Sundry 166 -

939 1,570 Marketing & development

Advertising 6,296 17,977 Campaign expenses (4,703) 38,252 Education expenses - 142 Fundraising 16 263,341 276,087

264,934 332,458 Employment expenses

Employment expenses 1,885,019 2,202,641 Move in annual & long service leave 6,925 23,071 Other employment expenses 10,730 50,666 Training and development 6,014 15,397 Meeting expenses 1,044 1,387 OHS measures 1,270 2,642

1,911,002 2,295,804 Merchandising

Cost of goods and services 21 76,242 106,973 76,242 106,973

Corporate servicesAccountancy and audit 3 22,897 13,989 Subscriptions 47,659 43,967 Bank fees 5,645 6,512 Communications 70,365 78,358 Consultancy 152,372 52,672 Insurance 75,222 56,236 Printing, stationery and computer expenses 76,956 81,974 Professional Fees 43,869 17,319 Sundry 1,395 83,025

496,380 434,052 Travel & motor vehicle

Travel and meeting expenses 7,581 16,687 Motor vehicle expenses 60,836 88,911

68,417 105,598 Property & utilities

Rent, rates & charges 19 31,393 41,691 Repairs & maintenance 11,877 30,045 Security 1,065 895 Minor equipment 9,649 23,857 Power charges 39,188 39,026

93,172 135,514 Depreciation

Depreciation 3 181,944 211,737 181,944 211,737

Total Operating Expenses 3,446,306 4,063,115


RSPCA Tasmania Inc.


Statement of Financial Position as at 30 June 2013

Statement of Financial PositionAs at 30 June 2013

2013 2012Notes $ $

CURRENT ASSETS

Cash 4 820,548 329,904 Investments 5 306,580 26,949 Inventories 6 23,669 36,917 Receivables 7 3,928 26,982 Other 8 33,044 35,028

Total Current Assets 1,187,769 455,780

NON-CURRENT ASSETS

Property, plant and equipment 9 964,922 1,342,817

Total Non-Current Assets 964,922 1,342,817

TOTAL ASSETS 2,152,691 1,798,597

CURRENT LIABILITIES

Accounts payable 10 142,213 229,213 Finance leases 11 - 5,374 Provisions 12 124,406 120,161

Total Current Liabilities 266,619 354,748

NON-CURRENT LIABILITIES

Finance leases 11 - - Provisions 12 2,680 -

Total Non-Current Liabilities 2,680 -

TOTAL LIABILITIES 269,299 354,748

NET ASSETS 1,883,392 1,443,849

MEMBERS' FUNDS

Other reserves 16,144 4,406 Accumulated funds 13 1,867,248 1,439,443

TOTAL MEMBERS' FUNDS 1,883,392 1,443,849


RSPCA Tasmania Inc.


Statement of Changes in Equity as at 30 June 2013

Statement of Changes in EquityFor the year ended 30 June 2013

Retained Other TotalEarnings Reserves

Balance at 1 July 2011 2,264,935 4,406 2,269,341Profit attributable to members (825,492) - (825,492)Balance at 30 June 2012 1,439,443 4,406 1,443,849Profit attributable to members 427,805 11,738 439,543Balance at 30 June 2013 1,867,248 16,144 1,883,392


RSPCA Tasmania Inc.


Statement of Cash Flows as at 30 June 2013

Statement of Cash FlowsAs at 30 June 2013

2013 2012Notes $ $

CASH FLOWS FROM OPERATING ACTIVITIES

Receipts from customers & donors 2,427,246 2,324,352 Payments to suppliers and employees (3,476,536) (3,829,952)

(1,049,290) (1,505,600)

Interest received 11,738 27,977 Bequest income 1,157,884 897,371 Trust income 6,419 3,886 Grant Income 28,285 31,267

Net cash flows from operating activities 14 155,036 (545,099)

CASH FLOWS FROM INVESTING ACTIVITIES

Proceeds from sale of property plant & Equipment 343,707 27,400 Payments for property plant & equipment (2,725) (96,609) Proceeds from sale of investments - 91,923

Net cash flows from investing activities 340,982 22,714

CASH FLOWS FROM FINANCING ACTIVITIES

Repayments of lease and asset purchase liabilities (5,374) 10,814 Net cash flows from financing activities (5,374) 10,814

Net increase/(decrease) in cash held 490,644 (533,199)

Cash at the beginning of the financial year 329,904 863,103

CASH AT THE END OF THE FINANCIAL YEAR 4 820,548 329,904


RSPCA Tasmania Inc.


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RSPCA TASMANIA INC

Notes to the Financial Statements

1 Statement of Significant Accoun6ng Policies

Basis of Prepara4on

(a) Income Tax

(b) Property, Plant and Equipment

The deprecia4on rates used for each class of depreciable assets are:Buildings and Structural improvements 2.5%Leasehold improvements 10%Motor vehicles 22.5% -‐ 30%Other equipment 5% -‐ 40%

(c) Investments

(i) Loans and Receivables

(ii) Available-‐For-‐Sale Financial Assets

(iii) Financial Liabili4es

Loans and receivables are non-‐deriva4ve financial assets with fixed or determinable payments that are not quoted in an ac4ve market and are stated at amor4sed cost using the effec4ve interest rate method.

Financial instruments are ini4ally measured at cost on trade date, which includes transac4ons costs, when the related contractual rights or obliga4ons exist. Subsequent to ini4al recogni4on these instruments are measured as set out below.

Available-‐for-‐sale financial assets are those non-‐deriva4ve financial assets that are designated as available for sale or that are not classified as loans and receivables, held to maturity investments or financial assets at fair value through profit and loss. Available-‐for-‐sale financial assets are carried at fair value and any unrealised gains or losses arising from changes in fair value are recognised in other comprehensive income. When the financial asset is sold the cumula4ve gain or loss is reclassified into profit or loss.

Non-‐deriva4ve financial liabili4es are recognised at amor4sed cost, comprising original debt less principal repayments and amor4sa4on.

30 June 2013

RSPCA Tasmania Inc is incorporated in accordance with the Associa4ons Incorpora4on Act (Tas) 1964.

This general purpose financial report has been prepared in accordance with Accoun4ng Standards, Australian Accoun4ng standards (including Australian Accoun4ng Interpreta4ons) and the Associa4on Incorpora4ons Act 1964. The Associa4on is a not-‐for-‐profit en4ty for financial repor4ng purposes under Australian Accoun4ng standards.

The associa4on has not adopted the principles of tax-‐effect accoun4ng as it is exempt from income tax under sec4on 50-‐45 of the Australian Income Tax Assessment Act 1997.

The financial report except for the cashflow informa4on has been prepared on an accruals basis and is based on historical costs, modified where applicable, by the revalua4on of selected non-‐current assets, and financial assets for which the fair value basis of accoun4ng has been applied. The amounts presented in the financial report have been rounded to the nearest dollar.

Australian Accoun4ng Standards set out accoun4ng policies that the AASB has concluded would result in a financial report containing relevant and reliable informa4on about transac4ons, events and condi4ons to which they apply. Material accoun4ng policies adopted in the prepara4on of this financial report are presented below. They have been consistently applied unless otherwise stated.

Property, plant and equipment are measured using the deemed cost basis. Plant and equipment are depreciated over the expected useful life of each asset using the straight line basis. Launceston Branch's tenure at its Remount Road loca4on is controlled by a lease agreement with the Launceston City Council for a five year term. Leasehold improvements are amor4sed on the basis of a ten year term in line with business expecta4ons. The current lease expired 31st July 2011, this is currently under renego4a4on.

The carrying amount of property, plant and equipment is reviewed annually by the Board to ensure that it is not in excess of the recoverable amount of these assets. The recoverable amount of an asset is the net amount expected to be recovered through the net cash inflows from its con4nued use and subsequent disposal. In determining the recoverable amount of non-‐current assets the net cash flows have not been discounted to their present value.



RSPCA TASMANIA INC

(d) Revenue

(e) Employee En6tlements

(f) Leases

(g) Goods and Services Tax

(h) Cash Flows

(i) Compara6ves

(j) New Accoun6ng Standards for Applica6on in Future Periods

Cri4cal Accoun4ng Es4mates and Judgements

Key Es4mates – Impairment

For the purpose of the Statement of Cash Flows, cash includes cash on hand and cash held at call with financial ins4tu4ons.

Leases of fixed assets, where substan4ally all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the Associa4on, are classified as finance leases. Finance leases are capitalised by recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Lease payments are allocated between the reduc4on of the lease liability and the lease interest expense for the period.

Leased assets are depreciated on a diminishing value basis over their es4mated useful lives where it is likely that RSPCA will obtain ownership of the asset or over the term of the lease.

Notes to the Financial Statements30 June 2013

Provision is made for RSPCA Tasmanias' liability for employee benefits arising from services rendered by employees to balance date. Employee benefits that are expected to be sealed within one year have been measured at the amounts expected to be paid when the liability is sealed, plus related on-‐costs.

Employee benefits payable later than one year have been measured at the present value of the es4mated future cash flows to be made for those benefits. RSPCA has es4mated the present value of the future cash flows using a short-‐hand measurement technique as this provides an es4mate that is not materially different from that determined using present value calcula4ons.

Lease payments under opera4ng leases, where substan4ally all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred.

The Directors evaluate es4mates and judgements incorporated into the financial report based on historical knowledge and best available current informa4on. Es4mates assume a reasonable expecta4on of future events and are based on current trends and economic data, obtained both externally and within the Associa4on.

The Associa4on assesses impairment at each repor4ng date by evalua4ng condi4ons specific to the Associa4on that may lead to impairment of assets. Where an impairment trigger exists, the recoverable amount of the asset is determined. Value-‐in-‐use calcula4ons performed in assessing recoverable amounts incorporate a number of key es4mates.

The AASB has issued new and amended Accoun4ng Standards and Interpreta4ons that have mandatory applica4on dates for future repor4ng periods and which the associa4on has decided not to early adopt. A discussion of those future requirements and their impact on the associa4on is as follows:

AASB 9: Financial Instruments and AASB 2009-‐11: Amendments to Australian Accoun4ng Standards arising from AASB 9 [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 12f, 127, 128, 131, 132, 136, 139, 1023 & 1038 and Interpreta4ons 10 & 12] (applicable for annual repor4ng periods commencing on or aier 1 January 2013).

These Standards are applicable retrospec4vely and amend the classifica4on and measurement of financial assets. The associa4on has not yet determined any poten4al impact on the financial statements.

Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST is not recoverable from the Australian Taxa4on Office. In these circumstances the GST is recognised as part of the cost of acquisi4on of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown inclusive of GST. The net amount of GST recoverable from, or payable to, the Australian Taxa4on Office is included as part of the receivables or payables.

Cash flows are presented in the cash flow statement on a gross basis, except for the GST component of inves4ng and financing ac4vi4es, which are disclosed as opera4ng cash flows.

Where necessary, compara4ve figures have been adjusted to conform with changes in presenta4on in the current year.

Revenue from the adoption and boarding of animals is recognised upon provision of the service.

Grants are recognised as revenue in the period in which the Association obtains control of the grant and it is probable that the economic benefits gained from the grant will flow to the assocation and the amount of the grant can be measured reliably. Interest revenue is recognised on a proportional basis, taking into account the interest rates applicable to the financial assets. Other revenue items, including donations, bequests and fundraising are recognised on receipt. Donation and bequest are recognised as revenue when received.



RSPCA TASMANIA INC

3 Opera6ng Result2013 2012

$ $

EXPENSES

Deprecia4on of buildingsBuildings 8,100 8,650Building Improvements 12,681 12,714Leasehold Improvements 6,145 6,144

26,926 27,508

Deprecia4on of plant and equipmentFurniture, plant and equipment 60,232 70,350Motor vehicles 94,786 113,884

155,018 184,234

Total Deprecia4on 181,944 211,742

Auditor's Remunera4onAudit of the financial report 11,500 10,000Audit of Raffles 1,500 1,500Other 8,500 2,750

21,500 14,250

4 Cash

Cash on hand 900 1,050 ANZ State 356,097 114,463 ANZ State 463,271 211,680 Bendigo State -‐ 9 Commonwealth Bank Hobart 280 2,702

Total Cash 820,548 329,904

The above figures agree to cash at the end of the 820,548 329,904 financial year as shown in the Statement of Cash Flows.

5 Investments

Investment AccountsListed Shares State 279,631 -‐

279,631 -‐ Investments Held in Trust

Rosny -‐ Hobart -‐ 923 Evelyn Estelle Ban4ck -‐ Hobart 26,949 26,949

26,949 27,872

294,842 27,872 6 Inventory

Veterinary Suppliers 9,321 21,198 Goods for resale 14,348 15,719

23,669 36,917

7 ReceivablesOther receivables 3,928 -‐ Trade debtors -‐ 26,982

3,928 26,982

30 June 2013




RSPCA TASMANIA INC

2013 2012

$ $

8 Other AssetsBond (insurance) 2,336 2,336 Prepayments 30,708 32,692

33,044 35,028

9 Property, Plant and Equipment

LAND AND BUILDINGSLand

At deemed cost 146,000 236,000 Buildings

At deemed cost 289,000 346,000 Less: accumulated deprecia4on (93,711) (101,477)

195,289 244,523 Building Improvements

At cost 240,111 280,183 Less: accumulated deprecia4on (84,784) (84,147)

155,327 196,036 Veterinary Clinic


196,023 201,762

Leasehold ImprovementsAt cost 412,272 412,271 Less: accumulated deprecia4on (390,207) (384,061)

22,065 28,210

Total Land and Buildings 714,704 906,531

PLANT AND EQUIPMENTFurniture, plant and equipment


130,081 188,122 Motor vehicles


120,137 248,163 Total Plant and Equipment 250,218 436,285

964,922 1,342,817

MOVEMENTS IN CARRYING AMOUNTOpening Addi6ons/ Deprecia6on Closingbalance Disposals balance

Land 236,000 (90,000) -‐ (146,000) Buildings 244,523 (41,134) (8,100) 195,289 Buildings improvements 196,036 (33,767) (6,942) 155,327 Veterinary Clinic 201,762 -‐ (5,739) 196,023 Leasehold improvements 28,210 -‐ (6,145) 22,065 Furniture, plant & equipm't 188,122 2,191 (60,232) 130,081 Motor vehicles 248,164 (33,241) (94,786) 120,137

1,342,817 (195,951) (181,944) 964,922

10 Payables 2013 2012$ $

Trade creditors 62,487 181,109 Payroll liabili4es 69,726 38,104 Sundry creditors and accruals 10,000 10,000

142,213 229,213




RSPCA TASMANIA INC

2013 201211 Finance Lease Comi\ments $ $

CURRENTPayable <1 year -‐ 5,374

NON-‐CURRENTPayable >1 year -‐ -‐

Aggregate finance lease liability -‐ 5,374

12 ProvisionsCURRENT

Annual leave 124,406 120,161

NON-‐CURRENTLong service leave 2,680 -‐

Aggregate employee en4tlements liability 127,086 120,161

NUMBER OF EMPLOYEESFull 4me equivalent employees at the end of the year 28 29

13 Accumulated Funds

Accumulated funds at the beginning of the financial year 1,439,443 2,264,935 Net surplus/(deficit) for the year 427,805 (825,492)

Accumulated funds at the end of the financial year 1,867,248 1,439,443

14 Reconcilia6on of Net Deficit to Cash Flows from Opera6ons

Opera4ng profit 427,805 (825,492)

Non-‐cash items included in net surplusDeprecia4on 181,944 211,742 Change in market value of investment 11,738 -‐ (profit) / loss on sale (145,031) (16,468)

Changes in assets and liabili4es(Increase)/decrease in Receivables 23,054 44,792 (Increase)/decrease in Inventories 13,248 (21,198) (increase)/decrease in investments (279,631) -‐ Increase/(decrease) in Other assets 1,984 (3,244) Increase/(decrease) in Payables (87,000) 41,698 Increase/(decrease) in Employee provisions 6,925 23,071

Net Cash Flows from Opera6ng Ac6vi6es 155,036 (545,099)

15 Financial Instruments

2013 2012Financial assets Note $ $

Cash and cash equivalents 820,548 329,904 Assets held in trust 26,949 26,949 Receivables 3,928 26,982 Investments 279,631 -‐

1,131,056 383,835 Financial liabili4es

Financial liabili4es at amor4sed cost

-‐ trade and other payables 142,213 229,213 -‐ borrowings -‐ 5,374

142,213 234,587

a) RSPCA Tasmanias financial instruments consist mainly of deposits with banks, short-‐term investments, accounts receivable and payable. The Associa4on does not have any deriva4ve instruments at 30 June 2013.The totals for each category of financial instruments, measured in accordance with AASB 139 as detailed in the accoun4ng policies to these financial statements are as follows:




RSPCA TASMANIA INC

15 Financial Instruments (con6nued)Financial risk management policies

Specific financial risk exposures and management

(i)

(ii)

(iii)

b) Financial Instrument Composi4on and Maturity Analysis

Floa6ng Fixed Fixed Non-‐interest interest interest interestrate 0 -‐ 1 years 1 -‐ 5 years bearing Total

Financial AssetsCash 705,185 -‐ -‐ 115,363 820,548 Investments 26,949 -‐ -‐ 279,631 306,580 Receivables -‐ -‐ -‐ 3,928 3,928 Total Financial Assets 732,134 -‐ -‐ 398,922 1,131,056 Weighted average interest rate 1.60% -‐ -‐ -‐ -‐ Financial Liabili4esPayables -‐ -‐ -‐ 142,213 142,213 Total Financial Liabili4es -‐ -‐ -‐ 142,213 142,213 Weighted average interest rate -‐ -‐ -‐ Net Financial Assets (Liabili4es) 732,134 -‐ -‐ 256,709 988,843

Floa6ng Fixed Fixed Non-‐interest interest interest interestrate 0 -‐ 1 years 1 -‐ 5 years bearing Total

Financial AssetsCash 214,391 -‐ -‐ 115,513 329,904 Investments 26,949 -‐ -‐ -‐ 26,949 Receivables -‐ -‐ -‐ 26,982 26,982 Total Financial Assets 241,340 -‐ -‐ 142,495 383,835 Weighted average interest rate 5.87% -‐ -‐ -‐ -‐ Financial Liabili4esPayables -‐ -‐ -‐ 229,213 229,213 Finance lease & Asset Purchase Liability -‐ 5,374 -‐ -‐ 5,374 Total Financial Liabili4es -‐ 5,374 -‐ 229,213 234,587 Weighted average interest rate -‐ 10.10% -‐ -‐ Net Financial Assets (Liabili4es) 241,340 (5,374) -‐ (86,709) 149,248

Carrying Net fair Carrying Net fairamount value amount value

$ $ $ $Financial AssetsCash 820,548 820,548 329,904 329,904 Investments 306,580 306,580 26,949 26,949 Receivables 3,928 3,928 26,982 26,982

1,131,056 1,131,056 383,835 383,835 Financial Liabili4esPayables 142,213 142,213 229,213 229,213 Finance lease and Asset Purchase Liabili4es -‐ -‐ 5,374 5,374

142,213 142,213 234,587 234,587

Net Financial Assets (Liabili4es) 988,843 988,843 149,248 149,248

The Board of RSPCA is responsible, among other issues, for monitoring and managing financial risk exposures of the Associa4on. Discussions on monitoring and managing financial risk exposures are held monthly and minuted by the Board. The Board's overall risk management strategy seeks to ensure that the Associa4on meets its financial targets, whilst minimising poten4al adverse effects of cash flow shorwalls.

2013

Cash flows realised from financial assets reflect management's expecta4on as to the 4ming of realisa4on. Actual 4ming may therefore differ from that disclosed. The 4ming of cash flows presented in the table to seale finance leases reflect the earliest contractual sealement dates.

The table below reflects the undiscounted contractual sealement terms for financial instruments of a fixed period of maturity.

Market risk -‐ the risk that the fair value of future cash flows will fluctuate because of changes in market prices. The primary risk relates to RSPCA exposure to interest rate risk and equity price risk.


20122013

2012

The main risks the Associa4on is exposed to through its financial instruments are market risk, liqudity risk, credit risk and liquidity risk.

Credit risk -‐ the risk to RSPCA if a customer or counter party fails to meet its contractual obliga4ons as they fall due. The carrying amount of financial assets represents RSPCA maximum exposure to credit risk in rela4on to these assets and liabili4es.

Liquidity risk -‐ the risk RSPCA will not be able to meet its financial obliga4ons as and when they fall due. RSPCA has sufficient cash balances to meet its present financial obliga4ons rela4ng to payables, which are all payable during the 2010 financial year.



RSPCA TASMANIA INC

16 Fundraising

Happy Tails Day 13,249 (5,378) 7,871 Million Paws Walk 45,006 (11,098) 33,908 Quiz Nights 9,954 (680) 9,274 CupCake Day 60,527 (1,215) 59,312 Mailout 60,580 -‐ 60,580 Raffles 289,886 (237,660) 52,226 Other Fund Raising Income 39,590 (7,310) 32,280

Total Fund Raising Income 518,792 (263,341) 255,451

Income Expenses Surplus/(Deficit)

2012Happy Tails Day 36,253 (5,730) 30,523 Million Paws Walk 69,973 (11,086) 58,887 Quiz Nights 10,629 (271) 10,358 CupCake Day 39,087 (2,715) 36,372 Mailout 2,704 -‐ 2,704 Raffles 333,147 (240,676) 92,471 Other Fund Raising Income 22,276 (15,609) 6,667

Total Fund Raising Income 514,069 (276,087) 237,982

2013 2012$ $

17 SponsorshipsAmbulance -‐ 10,000 Elsie Cameron -‐ 159,700 Hills Sponsorship 1,990 17,848 Animal Pen Sponsorship 4,650 1,300 Other Sponsoships -‐ 6,361

Total Sponsorships 6,640 195,209

18 Council GrantsClarence Council 5,795 5,676

5,795 5,676

19 Council Subsidies

Launceston Council Rental assistance 21,500 21,500 21,500 21,500

2013 201220 Grants $ $

Bruce Wall 990 2,273 Other Grants -‐ 1,818

990 4,091

21 Sale of goods and services

Sales 105,838 121,592 Cost of Sales (76,242) (106,973)

Gross profit 29,596 14,619

Gross profit margin 27.96% 12.02%


2013

The Branch's tenure at its Remount Road location is controlled by a lease agreement with the Launceston City Council, which was renegotiated from 1 August 2007 for a five year term. As part of this agreement rent of $21,500 p.a. is remitted by LCC and the amount recorded as financial assistance to RSPCA.Accordingly $21,500 has been recorded as a corresponding rental expense. The current lease expired 31st July 2011, this is currently under renogiation.



RSPCA TASMANIA INC

22 Con6ngencies

23 Subsequent Events

24 Related Party Transac6ons

Directors receive no remunera4on.

30 June 2013

RSPCA (Tasmania) Inc has been subject to a parliamentary inquiry in rela4on to funding. At this date of signing this report, the outcome of the inquiry is unknown, however it is likely that increased funding will be received from the state government.

The directors are of the opinion that there are no con4ngent assets or liabili4es that require disclosure in the financial report.



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