<h2>Celebrating <strong>Beauty</strong> & Diversity</h2><h3>Superb Fairy-wren</h3> <h2><strong>Bringing Back</strong> Vanishing Species</h2><h3>Regent Honeyeater</h3> <h2><strong>Sharing,</strong> Exploring & Discovering</h2><h3>Discovering Shorebirds outing</h3> <h2><strong>Connecting</strong> with Nature's Wonders</h2><h3>Double-banded Plover</h3> <h2>Sharing Nature's Awesome <strong>Majesty</strong></h2><h3>Yellow-nosed Albatross</h3> <h2>Planting a <strong>future</strong> for threatened species</h2><h3>Capertee Valley tree planting</h3> <h2><strong>Reducing</strong> the Threat of Extinctions</h2><h3>Superb Parrot</h3>

Financial Reports

Download the 2017/18 report here or scroll down


Birding NSW  Incorporated


Financial Report
For the year ended 30 June 2018






Statement of Income for the Year Ended 30 June 2108


2018                2017

Note                   $                      $

Revenue from Sale of Goods                                       150                  293

Other revenues from operating activities                    22,587             21,227

Total Revenue                                   2(a)                  22,737             21,520


Purchase of Inventories                                                  500                   310

Decrease (increase)  in inventories                                  112                     (1)

Administrative Expenses                    2(b)                  18,168             18,610


Operating surplus (deficit) before income tax         3,958                2,601

Accumulated surplus at beginning of year             59,421             56,819

Accumulated surplus at end of year                        63,379             59,421






 Birding NSW Incorporated

Statement of Financial Position for the Year Ended 30 June 2018


2018                2017

note                  $                       $    

Current Assets    

Cash                                                    3                      67,258             62,758

Inventories                                          4                           940               1,052

Total Current Assets                                                 68,198             63,180


Non-current Assets

Property, plant and equipment            5                               0                     0

Total Assets                                                                68,198            63,810


Current Liabilities                                                                       

Payables & Deferred Income              6                           4,819          4,390

Total Current Liabilities                                                4,819          4,390

Net Assets                                                                     63,379           59,421

Members’  Funds                                                         63,379          59,421





The accompanying notes form part of these accounts.





  Birding NSW Incorporated


Statement of Cash Flows for the Year Ended 30 June 2018                 

2018                2017

Note                   $                      $


Cash Flows from Operating Activities


Interest Received                                                                      1,522                 1,622


Receipts from Members Subscriptions and

Sundry Receipts                                                               21,065               19,605


General Administration Expenses and Direct Expenses        (18,088)           (17,809)


Net Cash Provided by Operating Activities    7(b)                4,499               3,418



Net Increase in Cash Held                                                        4,499               3,418


Cash at Beginning of Financial Year                                      62,758             59,340


Cash at End of Financial Year                       7(a)               67,258             62,758





The accompanying notes form part of these financial statements.


Birding NSW Incorporated


Notes to the financial statements for the year ended 30 June 2018


1          Statement of significant accounting policies


The financial report is a general purpose financial report, which has been prepared in accordance with the requirements of the Corporations Act 2001, Australian Accounting Standards and other authoritative pronouncements of the Australian Accounting Standards Board.


The financial report is prepared on an accruals basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair value of consideration given in exchange for assets.


The accounting policies have been consistently applied unless otherwise stated.


Revenue recognition


Subscription revenue

Subscription revenue is recognised in the period to which the member’s subscription relates. The association’s subscription year is not the same as its financial year.


Sales revenue

Sales revenue comprises revenue earned from the provision of goods to third parties. Sales revenue is recognised when the goods are provided.


Interest income

Interest income is notified and paid in arrears and is brought to account on notification.


Other revenue

Other revenue, including donations, is recognised as it is received.



Inventories are measured at the lower of cost and net realisable value (being the estimated selling price in the ordinary course of business, less any estimated selling expenses).


Financial instruments

Liabilities are recognised for amounts to be paid in the future for goods and services received, whether or not billed. Accounts payable are generally settled within the supplier’s terms.





Birding NSW Incorporated


Notes to the financial statements for the year ended 30 June 2018


1          Statement of significant accounting policies (continued)


Plant and equipment

Plant and equipment are brought to account at cost, less any accumulated depreciation. Assets are depreciated on a straight-line basis at approximately 25% per annum.


The carrying amount of fixed assets is reviewed annually to ensure it is not in excess of their recoverable amount. The recoverable amount is assessed on the basis of expected net cash flows to be received from the assets’ employment and subsequent disposal.



The Association has an exemption from income tax. Therefore, no provision has been made for income tax.

The Association is not registered for the Goods and Services Tax (GST). All costs are recognised inclusive of any applicable GST.



2018                2017               

$                       $

2          Operating Result



(a)        Operating revenue includes:

Sales revenue                                                     150                   293

Subscriptions and other operating revenue     18,898             16,741

Donations                                                          2,168               2,630

Interest received                                              1,522               1,622

22,738             21,286


(b)        Operating result has been determined

after charging as expenditure:

Depreciation on fixed assets                                   0                 0


(c)        Donations and grants made                                     0                  0






Birding NSW Incorporated

Notes to the financial statements for the year ended 30 June 2018

  2018          2017   

3          Cash                                                                            $                  $

Cash on hand                                                           140                140

ING Business Optimiser Account                          9,778             8,255

ING Term Deposit                                               50,000           50,000

Commonwealth Bank Cheque Account                 7,340             4,463

                                                                            67,258           62,758           

The Commonwealth Bank Account receives interest at a floating rate. The applicable average rate at year-end was 0.01% (2017: 0.01%).

The ING Business Optimiser account receives interest at a floating rate. The applicable rate at year end was 2.8% (2017: 2.8%).

The ING Term Deposit account receives interest at a fixed rate at conclusion of the term. The applicable rate at year end was 2.8% (2017: 1.5%).

Credit risk is minimised by holding all cash and short-term balances with large financial institutions.





Inventories 2018 2017
Finished goods on hand 940 1,052
5 Property, plant and equipment
Furniture and fittings at cost 5,536 5,536
Less: accumulated depreciation [5,536] (5,536)
0 0
Carrying value at beginning of year 0 0
Depreciation expense 0 0
Carrying amount at end of year 0 0
6 Payables
Deferred income 4,819 4,390

The above amount takes into account that the financial year and the subscription year are not identical.




Birding NSW Incorporated

Notes to the financial statements for the year ended 30 June 2018

7          Notes to statement of cash flows

  • Reconciliation of cash

For the purposes of the statement of cash flows, cash includes cash and at call deposits with banks, and investments in money market instruments, net of bank overdrafts. Cash at the end of the financial year as shown in the statement of cash flows is reconciled to the related items in the balance sheet as follows:





Cash on hand 140 140
Deposits at call or maturing within 12 months 50,000 50,000
Cash at bank 17,118 12,618
67,258 62,758
(b)      Reconciliation of net cash provided by/(used

            in) operating activities to operating profit

            after income tax

Operating surplus/(deficit) after income tax 3,958 2,601
Non-cash flows in operating result:
Depreciation 0 0
3,958 2,601
Changes in assets and liabilities:
Decrease/(increase) in current inventories (112) (1)
Decrease/(increase) in Sundry debtors 0              0
Increase/(decrease) in other creditors 430        818
4,276      3,418



Birding NSW Incorporated

Statement by members of the Committee

In the opinion of the Committee of Birding NSW Incorporated (“the Association”) the financial report as set out on pages 1 to 7:

  • presents fairly the financial position of the Association as at 30 June 2018 and its performance and cash flows for the year then ended in accordance with the requirements of the Corporations Act 2001, Australian Accounting Standards, and other authoritative pronouncements of the Australian Accounting Standards Board; and

2    at the date of this statement there are reasonable grounds to believe that the       association will be able to pay its debts as and when they fall due.

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


Tom Karplus                       Leigh Hall

President                            Treasurer            


This           day of                    2018




For annual account for previous years scroll down:

Download and view the June 2017 accounts for Birding NSW here:


Financial Report 2016


Final Accounts for the year 2015