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CAA Annual Report : 2014 Annual Report
6 Your directors present their report on the company for the financial year ended 30 June 2014. DIRECTORS The names of the Directors in office at any time during or since the end of the year are:- Mr M. Baird, Drs B. Chow, B. Conrad, A. Croke, P. Ebrall, T. Kennedy-Shanks, A. Lawrence, P. Sim, L Tassell, M. Uren, T. Vagg, M. Wise (Kotzman). RESULTS The net result of operations was a deficit of $856,046 after providing for income tax of $0 (2013: deficit of $123,241 after tax). MEMBERS' LIMITED LIABILITY In accordance with the Company's Constitution, every member of the company undertakes to contribute an amount not exceeding $1 per member to the assets of the National Association in the event of its being wound up, while remaining as a member or within one year afterwards, for payment of debts and liabilities of the National Association contracted before ceasing to be a member, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. At 30 June 2014 the number of members was 3,254 (2013: 3,183). OBJECTIVES The objectives for which the company exists are to facilitate and promote communication between members, leadership and the chiropractic community; develop and promote chiropractic; support and represent members and be responsive to their needs; uphold the core values of chiropractic; provide leadership and facilitate unity within the profession; facilitate fellowship and set and maintain standards for chiropractic through education, accreditation, research and continuing professional development. SHORT TERM OBJECTIVES Maintain current membership numbers whilst increasing membership to a maximum of all registered chiropractors in Australia; increase non-member income to maintain and expand membership services; continue to improve communication between the company and members; upgrade web-services and social media. LONG TERM OBJECTIVES Maintain maximum membership of registered chiropractors; improve profitability, diversify income streams, and maintain financial stability of the company whilst achieving the outcomes as defined in the board's ongoing strategic plan. STRATEGY FOR ACHIEVING THE OBJECTIVES Identify skill set required for the board and assist the development of directors; evaluate and manage risk; regularly review the board's strategic plan taking into account requirements and staff training in order to achieve changes in environment; evaluate operational procedures, staffing strategic directives; regularly survey members; review and monitor income and expenditure against budget allocations. PRINCIPAL ACTIVITIES The principal activities of the company during the course of the financial year were the ongoing review and update of the board's strategic plan; continuing work with the Australian Health Practitioners Regulation Agency and Chiropractic Board of Australia refining codes and guidelines; commencement of the first stage of the ACORN Longitudinal Programme; CHIROPRACTORS' ASSOCIATION OF AUSTRALIA (NATIONAL) LIMITED A.C.N. 050 096 038 DIRECTORS' REPORT FINANCIAL ACCOUNTS AND REPORTS OF CHIROPRACTORS' ASSOCIATION OF AUSTRALIA (NATIONAL) LIMITED FOR THE YEAR ENDING 30 JUNE 2014
2013 Annual Report