swimming tasmania annual report · this is my first annual report as president of swimming...

ANNUAL REPORT

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SWIMMING TASMANIA

BOARD MEMBERS

President:

Susan Cure

Board of Directors:

Ronald Brown

Scott Curran

Glenise Gale

Russell Goonan

Glenn Moore

STAFF

General Manager: Jamie McIntyre

Administration and Finance Manager:

Mary Schiebel

Administration Assistant:

Sandra Krueger

Contents:

Office Bearers

Sponsors

Life Members

Appointed Officials

President’s Report

Vale

General Manager’s Report

Chief Referee’s Report

Development Squads 2010-11

Australian Championships

State Teams

Trophy Winners

Trophy Point Scores

Financial Statements 2011

Records

LIFE MEMBERS

Year Name 1982 Albert Robert Andrews

1922 George F. Brewster 1982 Margaret Andrews

1925 Jack B. Sharp 1985 Susan Cure

1929 H. L. Martin 1887 Don Hart

1940 Max Lyell Moore OBE 1990 Donald R. Blew AM

1948 J. E. Williams 1998 Don Jack

1948 H. M. Owen 1998 Elsa Wallace

1949 F. H. Molloy 1999 The Hon. Douglas Lowe AM

1953 Selby J. Simpson 2000 Peter Floyd

1954 William Jack Harrison MBE 2002 Christopher Guesdon

1959 J. B. Frier 2005 Shea Mary-Ann Henderson QAM

1964 T. B. Frier 2005 William Henderson

1967 Eric M. Jolley 2005 Frank William Moore

1968 Ivan J. Brown 2005 Judy Moore

1969 Jack V. J. Frier 2006 Margaret Bresnehan

1971 Phyllis Mann 2011 Michael Greatbatch

1972 Roger C. Smith AM 2011 Christopher Wedd

1976 J. Douglas Hurburgh 2011 Glenise Gale

1979 Margaret Shearing QAM 2011 Margaret Neal

1979 Vernon Spence

1980 Douglas. D. Donovan QAM

1980 Eric S. Valentine QAM

1981 Warren Harold Cure

President’s Report 2010-11

2010-2011 APPOINTED OFFICIALS

Chief Referee (State) Robert Gregg Meet Director (State) Tracey Graham Referee (North) Scott Lucas Meet Director (North) Bevan Knowles Referee (South) Sandy Thomson Assistant Meet Director (South) Judy Moore Timing Equipment Property Officer Michael Greatbatch Selectors Glenise Gale Mark Matthews Scott Lucas Swimming Australia Delegate Susan Cure Tasmanian Olympic Council Jamie McIntyre Commonwealth Games Ass Jamie McIntyre

This is my first annual report as President of Swimming Tasmania, covering the period from 1 July 2010 to 30 June 2011, and the year has certainly been eventful. The year has seen many changes both to the Board and the office staff of Swimming Tasmania. At Board level Karyn Burgess and Michael Lane both relocated interstate, Anne Steele decided not to renominate and Robert Kingsley resigned. Scott Curran, Scott Lucas, Glenn Moore and Ronald Brown joined myself, Glenise Gale and Russell Goonan on the Board. Sandra Krueger, our Administration Officer, departed in April and this was followed by our General Manager Jamie McIntyre leaving in late June. I would like to thank Michael, Karyn, Anne, Robert, Sandra and Jamie for their contributions and wish them all well in the future. The new Board have been working extremely hard with a major focus on marketing. Fairbrother Pty Ltd was secured as the principal sponsor of Swimming Tasmania for 2011 to 2013 and we look forward to their continued support in the future. I would also like to acknowledge the on-going support of the State Government, through Sport and Recreation Tasmania. The Board has developed a marketing brochure, largely thanks to the efforts of Ronald Brown and Scott Curran, and is exploring further marketing opportunities and member benefits. At our last Annual Meeting Margaret Neal, Glenise Gale, Chris Wedd and Michael Greatbatch were all awarded Life Membership of Swimming Tasmania. Margaret and Glenise have both been involved in the swimming community for over 50 years, Margaret in the coaching arena and Glenise as a swimmer, administrator and official. Chris was involved as a swimmer, administrator and coach and Michael’s commitment to maintaining our equipment for many years is beyond compare. They are all extremely worthy recipients of this award. Jamie’s departure gave us an opportunity to re-structure our office. Mary Schiebel was appointed General Manager and we advertised for a Development Officer as development remains one of our priorities. Mary remains the one constant in our office and I would particularly like to thank her for her dedication that enables our office to run as efficiently as it does. Financially it was definitely not one of our better years. This was not helped by increases in most goods and services including pool hire and two salary separations. We have not increased our fees for several years and unfortunately we have no choice but to increase fees for the coming year. There were some excellent results at the 2010 Australian Short Course Championships and the 2011 Australian Open and Age Championships. The most outstanding performances saw Shani Burleigh selected in the Australian team for the 2011 World University Games and Alec Guerzoni’s gold medal for being the first Australia in the 15 years 400m Individual Medley at the Age Championships. There were many other excellent performances with more swimmers making finals and semi-finals than we have seen for many years. Records continue to be broken and the past year has seen some long standing records surpassed. Swimming Tasmania would like to acknowledge the support of Swimming Australia and the Tasmanian Institute of Sport for their continued support of our development programs. I would like to recognise the commitment of our technical officials and volunteers for their dedication. It has been particularly pleasing to see a number of new officials on pool deck this year due to encouragement from Robert Gregg and Sandy Thomson. I thank everyone for their continued involvement and support as without you all our events would not be able to take place. Forums continue to be effective in ensuring communication and consultation on matters that impact on our sport and provide an excellent opportunity for the Board and Club representatives to talk informally. This year these have included a State forum as well and smaller forums with Club Presidents in each district. In conclusion I would also like to acknowledge the support of all our partners and look forward to the continued growth and development of our sport in the coming year. Susan Cure President

General Manager’s Report 2009-10

It is with pleasure and some regret that I present my third and last report as General Manager of Swimming Tasmania. Swimming Tasmania remains one of Tasmania’s leading sporting organisations. The following is a broad report of the organisation over the twelve months from 1 July 2010. The Board During the last year the Board of Directors have shown outstanding guidance in all facets of the sport and it is through their efforts that Swimming Tasmania continues to be recognised as a State and National leader in organisational governance. During 2010/2011 the Board consisted of:

Susan Cure (President), Russell Goonan, Scott Curran, Scott Lucas, Glenise Gale, Glenn Moore Ronald Brown

A total of eight meetings were held during the year. While there have been many changes on the board they have continued to work cohesively to ensure the strategic direction and financial management of the organisation. There has been a major focus on marketing which has seen the production of a marketing brochure. Fairbrother Pty Ltd was secured as a major sponsor for the next three years. Administration There have been some changes in the Swimming Tasmania office with our Administrative Officer, Sandra Krueger, departing in April and I departed in late June. My departure has enabled an office restructure which has seen Finance and Administration Officer Mary Schiebel appointed as General Manager and I wish her well in her new appointment . Mary has continued to provide exceptional service to the swimming community across a range of areas. This restructure will also allow for the appointment of a development officer which will see more focus on Sw imming Tasmania’s development program. Swimming Tasmania has continued to develop and implement appropriate policies and initiatives relating to our sport and the organisation continues to be recognised as a leader in sports administration in the State. We have continued with the concept of running club forums and this year also introduced meetings with club presidents in each region in an effort to improve consultation and communication. Swimming Tasmania has a strong representation at National level and we have also continued to recognised and respected as a leader within the National swimming fraternity. Volunteers Once again without our dedicated team of volunteers Swimming Tasmania would not have been able to operate and I would particularly like to thank Robert Gregg and Sandy Thomson for their efforts in training and mentoring our officials. I would also like to recognise the support from Scott Lucas, Bevan Knowles and Tracy Graham in their positions of Meet Directors, Judy Moore as Assistant Meet Director and Michael Greatbatch for maintaining our pool equipment. Conclusion In closing my last report I would like to acknowledge and sincerely thank our hard working Board and staff and thank everyone for their support over the last 12 months. Finally, to all members of Swimming Tasmania I thank you all for your support over the last three years and wish the organisation continued growth and development in the future. Jamie McIntyre General Manager

Chief Referee’s Report 2010-11

It has been my pleasure over many years to work with a band of officials all over the State who freely give up their time to work for the benefits of our young athletes. Unfortunately,

the number of volunteers has diminished over the last twelve months.

These wonderful volunteers who turn up week after week to swim meets, large and small, all over the State must be thanked for the gifts of their time, expertise and efforts.

The sport would be in a very poor position without the continued effort of these people, many of whom do not have children involved in the sport at this time.

We will need to encourage more people to come forward and volunteer their services. The training is not difficult and the rewards are great. It is an excellent way to make many new

friends. Many Tasmanian officials were appointed to Australian Championships over the past twelve months.

Special congratulations must go to Daryl Jacobs who has now attained the highest level as a Referee in Australia. He had prev iously reached this level as a Starter.

Special thanks go to Scott Lucas, Bevan Knowles, Tracey Graham and Sandy Thomson who have so expertly looked after swim meets at a regional level.

They could not have carried out these tasks without the assistance of many other people.

I must thank Jamie, Mary and Sandra for the wonderful support they have continued to give me during this year.

I encourage all officials to continue their involvement and undertake further training.

I would like to see many more volunteers come out of the stands to train to officiate, and to enjoy this fantastic sport.

Robert Gregg

Chief Referee

TASMANIAN INSTITUTION OF SPORT SQUAD

Gold

VALE - Don Hart Don Hart first became involved in swimming when his adopted daughter started in the sport in the early 1960’s. He became a member of the Clarence Swimming Club assisting with learn-to-swim and was awarded life membership for his services. Much later he joined the Lindisfarne Swimming Club (now Eastern Shore Sharks) where he became President. From the start he joined the ranks of technical officials where for many years he was our starter. In one incident at the Glenorchy Pool in the 1970’s he was the starter at the National Age Championships when he had to use a handkerchief to cover the starting gun as it was raining so much that the gun wouldn’t operate correctly because it was so wet. Don was Manager of numerous State teams including those attending National Championships and swim meets in Fiji. For his services to our sport he was awarded Life Membership of Swimming Tasmania in 1987. May he rest in peace

Karl Wurzer


Silver

Shani Burleigh Alec Guerzoni

Maggie Lennox Emma Morton

Paul Crosswell Nicholas Cannell

Thomas Curran Trent McLaughlin


Bronze Squad (Flippers)

Nikki Heathcote Kaitlyn Ellston

Jonathan Butler James Knowles

Josh Pickett Jordan Pagett

Jacob Templeton Lachlan Pagett

Josh McDermott Meikayla Harvey

Reo Dante Lazaro Ashley Collis

Hayley Collis Samuel Curtis

Will Harmsen


Open Water (Flippers)

Amelia Campbell Jordan Russell Green

Jack Kingsley Eliza Buzza

SWIMMING TASMANIA IM Squad

James Belstead Jake Bergman

William Aiken Caitlin Brown

Olivia Butler Sarah Calder

Henry Callender Thea Crantock

Kier Crooks Samuel Curtis

Madeline Curtis Kit DeJonge

Evan Dixon Jack Fairhurst

Jake Sherriff Mikayla Smith

Tom Franks David Geary

Sarah Giles Jessica Hardstaff

Morgen Hawkins Luke Heathcote

Zoephia Kaminski Keely Mundy

Isaac Probert Jardene Ralph

Lewis Revell Courtney Rickards

Harry Scott Ashley Steele

Mimi Steele

Australian Open Championships Finalist Club Event

Karl Wurzer Hobart Aquatic 50 Breaststroke

Shani Burleigh Riverside Aquatic 50 Backstroke

100 Backstroke

Semi-Finalist


Emma Morton Hutchins Collegiate 50 Breaststroke

100 Breaststroke

Shani Burleigh Riverside Aquatic 200 Backstroke

Australian Age Championships Finalist

Alex Guerzoni Hobart Aquatic 100 Breaststroke

200 Breaststroke

200 Butterfly

200 Backstroke

400 Individual Medley

200 Individual Medley

Paul Crosswell Hobart Aquatic 200 Breaststroke

Joanna Smart Hobart Aquatic 200 Butterfly

Thomas Curran South Esk 100 Backstroke

Jessica Hardstaff Riverside Aquatic 200 Breaststroke

100 Breaststroke

Will Harmsen Hutchins Collegiate 100 Butterfly

Top 16

Thomas Curran South Esk 200 Backstroke

Will Harmsen Hutchins Collegiate 200 Butterfly

Australian Open Short Course Championships Finalist

Shani Burleigh 50 Backstroke

100 Backstroke

200 Backstroke


100 Breaststroke

Top 16

Emma Morton Hutchins Collegiate 50 Breaststroke

Alec Guerzoni Hobart Aquatic 400 Individual Medley

TASMANIAN STATE AGE TEAM- CANBERRA 2011 Sam Curtis Riverside Aquatic Tim Belstead Sandy Bay Alec Guerzoni Hobart Aquatic Jessica Hardstaff Riverside Aquatic James Knowles Launceston Aquatic Kaitlyn Ellston Riverside Aquatic Joshua McDermott Hobart Aquatic Joanna Smart Hobart Aquatic Lachlan Pagett Cradle Coast Calico Yeaman Riverside Aquatic Thomas Curran South Esk Ella Adams Launceston Aquatic Dylan Harris Hutchins Collegiate Emma Newell Hobart Aquatic Will Harmsen Hutchins Collegiate Lily Czeszek Hobart Aquatic Evan Dixon Hobart Aquatic

Australia School Sport Championship Team – Melbourne 2011 Male

Female

12yrs Vincent, Jacob 12 yrs Dixon, Emma

Ralph, Brendon

Owen, Sue-Anry

Howard, Matthew

Nowak, Jessica

Curran, Charles

Smith, Georgie

Turnball, Sarah

13yrs Fairhurst, Jack

Curtis, Samuel 13 yrs Lovegrove, Rhianna

Giles, Sarah

14yrs Sherriff, Jake

Ralph, Jardene

King, Mitchell

Spillane, Alexandra

Kohl, Declan

Steele, Ashley

Calder, Sarah

15yrs Evans, Jack

Curtis, Sam 14 yrs Hardstaff, Jessica

Curran, Thomas

Kaminski, Zoephia

Belstead, Tim

Smith, Mikayla

Pagett, Lachlan

Crantock, Thea

Blackman, Sam

15 yrs Ellston, Kaitlyn 16yrs Britton, Daniel

Smart, Joanna

Thomas, Will

Power, Fay

Knowles, James

16 yrs Adams, Ella 17-19yrs McLaughlin, Trent

Harvey, Meikayla

Oakeshott, Callan

Howard, Elise

Yeaman, Calico

James, Samantha

Staff Trent Hadley

Grady Vincent 17-19 yrs Heathcote, Nikki

Katie Greatbatch

Edwards, Sophie

Donna Adams

Collis, Ashley

Jackie Curtis

Swimming Australia National Youth Squad Members

Shani Burleigh Riverside Aquatic Alec Guerzoni Hobart Aquatic Trent McLaughlin Eastern Shore Sharks

TROPHY WINNERS 2010-11

2010-11 SWIMMER OF THE YEAR

Male: Karl Wurzer – Hobart Aquatic

Female: Shani Burleigh – Riverside Aquatic

OPEN WATER SWIMMER OF THE YEAR (5km)

(Chris Guesdon Trophy).

Male: Callan Oakeshott – Hobart Aquatic

Female: Amelia Campbell – Riverside Aquatic

SWIMMER OF THE YEAR with a Classified Disability (Melissa Carlton Trophy)

Male: Trent McLaughlin – Eastern Shore Sharks

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STROKE SWIMMER OF THE YEAR FREESTYLE

Male: Zachary Durkin -Hobart Aquatic Female: Shani Burleigh - Riverside Aquatic

BACKSTROKE

Male: Alec Guerzoni - Hobart Aquatic Female: Shani Burleigh - Riverside Aquatic BREASTSTROKE

(David Floyd Perpetual Trophy)

Male: Karl Wurzer - Hobart Aquatic

Female: Emma Morton – Hutchins Collegiate BUTTERFLY

Male: Joshua McDermott – Hobart Aquatic Female: Hayley Collis - Hutchins Collegiate

INDIVIDUAL MEDLEY

Male: Alec Guerzoni - Hobart Aquatic Female: Shani Burleigh - Riverside Aquatic LONG DISTANCE

(Eric Valentine Individual Trophy)

Male: Alec Guerzoni - Hobart Aquatic Female: Amelia Campbell - Riverside Aquatic

AGE GROUP SWIMMER OF THE YEAR

11 YEARS AND UNDER

(Deborah Caldwell Memorial Trophy)

Male: Brendan Ralph – Riverside Aquatic Female: Olivia Cullen – Launceston Aquatic

12 YEARS

Male: Jacob Vincent - Hobart Aquatic Female: Sarah Giles – Riverside Aquatic

13 YEARS

Male: Jack Fairhurst – Hobart Aquatic Female: Jessica Hardstaff - Riverside Aquatic

14 YEARS

Male: Thomas Curran – South Esk Female: Joanna Smart – Hobart Aquatic 15 YEARS

Male: Alec Guerzoni – Hobart Aquatic Female: Calico Yeaman – Riverside Aquatic

16 YEARS

Male: Josh Pickett – Cradle Coast Female: Elise Howard – Riverside Aquatic 17 YEARS

Male: Paul Crosswell - Hobart Aquatic Female: Nikki Heathcote - Launceston Aquatic

18 YEARS

Male: Nicholas Cannell - Hobart Aquatic Female: Shani Burleigh – Riverside Aquatic

INDIVIDUAL ACHIEVEMENT AWARDS

OFFICIAL OF THE YEAR (The Roger Smith Award)

Denise McLaughlin

COACH OF THE YEAR

Wade Hadley – Riverside Aquatic JUNIOR COACH OF THE YEAR

Not awarded

EMERGING COACH OF THE YEAR Grady Vincent – Hobart Aquatic

Mitchell Thors – Eastern Shore Shark

2009-10 CLUB TROPHY POINT SCORES

Premier Club of the Year - Jubilee Shield

1 Hobart Aquatic Club 945.50

2 Riverside Aquatic 694.50

3 Launceston Aquatic 476.50

4 South Esk 264

5 Hutchins Collegiate 219

6 Sandy Bay 206.50

7 Cradle Coast 143

8 Devonport Aquatic 29

9 Eastern Shore Sharks 29

10 Clarence 21

11 Ulverstone 11

12 Huon Valley Aquatic 9

13 Glenorchy Aquatic 6

14 Burnie 5

15 Scottsdale 1

Premier Club of the Year in Relays - Rex Traill Relay Shield

1 Hobart Aquatic Club 379

2 Riverside Aquatic 219

3 Sandy Bay 154

4 Launceston Aquatic 146

5 South Esk 121


7 Cradle Coast 44

8 Ulverstone 8


Top Club at the Tasmanian Championships - Warren Cure Memorial Trophy



3 Hutchins Collegiate 147.5

4 Launceston Aquatic Club 115

5 Cradle Coast 80

6 Sandy Bay 80

7 Clarence 66

8 South Esk 36


Top Club at the Tasmanian Age Sprint Championships - Eric Jolley Memorial Trophy


2 Riverside Aquatic 298

3 Launceston Aquatic Club 262.50

4 South Esk 227

5 Cradle Coast 199

6 Sandy Bay 191.50


8 Scottsdale 29


10 Burnie 11

11 Glenorchy 7

Top Club at the Tasmanian Short Course Championships - W. J. Harrison Trophy




4 South Esk 267


6 Sandy Bay 218

7 Cradle Coast Aquatic 121

8 Devonport Aquatic 60



11 Ulverstone 13


13 Burnie 9

Top Club at the Tasmanian Age & 11/under Championships




4 South Esk 277

5 Sandy Bay 265

6 Cradle Coast 203



9 Ulverstone 36

10 Scottsdale 29



13 Burnie 2

Inter-Club Handicap Shield - Eric Valentine Shield

1 Hobart Aquatic 100.54


3 Sandy Bay 62.50

4 South Esk 41.85

5 Hutchins Collegiate 41.80

6 Launceston Aquatic 33.82

7 Cradle Coast 33.75

8 Devonport Aquatic 14.33

9 Eastern Shore Sharks 6.88

10 Glenorchy Aquatic 4.90

11 Scottsdale 3.05

12 Clarence 2.57

13 Ulverstone 1.46

14 Huon Valley Aquatic 1.11

15 Burnie 0.81

16 YMCA Hobart 0.66

FINANCE REPORT 2010-11

Contents:

Board Declaration

Profit and Loss 2010-11

Balance Sheet 2010-11

Notes to the Financial Statements

Auditor’s Report

FINANCIAL STATEMENTS for the 12 months ending 30

th June 2011

TASMANIAN SWIMMING INC

BOARD MEMBERS FOR THE PERIOD ENDED 30 JUNE 2010

PRESIDENT: Ms Susan Cure 15 Petchey Street, Bellerive

MEMBERS: Mr Russell Goonan, 74 Waverley Street, Bellerive Ms Glenise Gale, 10 Jasmin Court, Howrah Mr Scott Lucas, 27 Drew Street, East Devonport 7310 Mr Glenn Moore, 4 Boundary Road, Midway Point 7171

Mr Scott Curran, 13 Elphin Road, Launceston 7250 Mr Ronald Brown, 22 Trafalgar Drive, Prospect 7250

BETTINA FAIRBAIRN

Certified Practising Accountant

B. Fairbairn

Dates this 3

rd day of Sept 2011


STATEMENT BY MEMBERS OF THE BOARD FOR THE YEAR ENDED 30 JUNE 2011

The Board has determined that the Association is not a reporting entity and that this special purpose financial report should be prepared in accordance with the policies outlined in NOTE 1 to the financial statements.

In the opinion of the Board, the financial report as set out on pages 3 to 5:

1. Presents a true and fair view of the financial position of Tasmanian Swimming Inc. as at the 30 June 2011, and its performance for the 12 month period ending on that date.

2. At the date of this statement, there are reasonable grounds to believe that Tasmania Swimming Inc. will be able to pay its debts as and when they fall due.

This statement is made in accordance with a resolution of the Board and is signed for, and on behalf of the Board, by:

Susan Cure, PRESDIENT, Swimming Tasmania Signed in Hobart this 16th day of August 2011

Balance Sheet

CURRENT ASSETS 2011 2010 2009 2008 2007 2006

Cheque Account 25344 28260 33986 10697 46883 73210

Term Deposit 47150 74581 132172 109424 75000

Petty Cash 900 900 900 400 400 400

Trade Debtors 54509 20495 28543 9188 4526 2796

Stock on hand 18980 14817 19240 10673 0 0

Prepayment 6594 7849 11557 10680 10419 0

TOTAL CURRENT ASSETS 106327 119471 168808 173810 171652 151406

NON CURRENT ASSETS

Plant and equipment 78279 78279 78279 78279 77903 65544

Less: Accumulated Depreciation -78279 -78279 -78279 -78279 -77903 -65544

Stock 0 0 0 0 0 0

TOTAL NON CURRENT ASSETS 0 0 0 0 0 0

CURRENT LIABILITIES

Trade Creditors 24121 1530 13871 14169 13476 -110

Accrued Expenses 0 0 16715 24472 36192 34698

Membership in Advance 0 17160 17917 17074 16529 21706

Swimmer Deposits 0 0 0 0 6988 0

GST Liability 975 1559 0 705 3119 9256

PAYE Liability 6040 6041 0

4212 4119

Provision for Annual Leave 4662 11055 9148 15711 14835 8692

Superannuation Liability 0 0 0 0 0 0

Revenue in Advance 39500 35050 37581 47500 2600 38167

Provision Doubtful Debts 943 903 1438 0 0 340

TOTAL CURRENT LIABILITIES 76242 73298 113458 119631 121351 116868

NETT ASSETS 30085 46173 55350 54179 50301 34538

MEMBERS FUNDS Accumulated Funds Opening Balance 45923 55567 54180 50301 34538 14682

Historical Adjustment 0 0 0 0 0 0

Surplus for the Year -15837 -9394 1170 3878 15763 19856

TOTAL MEMBER FUNDS 30085 46173 55350 54179 50301 34538


INCOME 2011 2010 2009 2008 2007 2006

Administration 166049 159608 164034 173510 151328 143150

Development 31148 57487 33807 59101 78751 51595

Swim Meets 161879 18725 121248 120230 122298 109314

359077 403821 319089 352841 352377 304059

EXPENDITURE

Administration 221301 227454 189114 177057 158234 164060

Development 40353 48640 55065 107286 115965 64617

Swim Meets 113259 137372 73740 64620 62415 55526

374914 413466 317919 348963 336614 284203

OPERATING SURPLUS

/DEFICIT

-15837 -9644 1170 3878 15763 19856


NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2010

STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES:

This financial report is a special purposes financial report prepared in order to satisfy the requirements of the Association ’s Incorporations Act 1964.

The Board has determined that the Association is not a reporting entity as defined in Statement of Accounts Concepts 1: Definitions of the Reporting Entity, and therefore there is no requirement to apply accounting standards (and other mandatory professional reporting requirements) in the preparation and the presentation of these statements, and none have been intentionally applied.

The financial report has been prepared on an accrual 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 following material accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report.

a. Fixed Assets: The depreciable amounts of all fixed assets are depreciated on a diminishing value basis over the useful life of the assets to the Association The Board has determined that conservative values are to be

placed on assets. As a result, the Board further determined that all assets with a cost price, or written down value of $5000 or less, are to be written off each financial year.

b. Fixed Assets:

The Association’s income is exempt from income tax pursuant to Section 50-5 of the Income Tax Assessment Act 1997.

SUBSEQUENT EVENTS No matter or circumstance have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Association, the results of those operations, or the

state of affairs of the Association in future financial years.

swimming tasmania annual report · this is my first annual report as president of swimming...

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