by clicking the arrows at the side of the page, or by using the toolbar.
by clicking anywhere on the page.
by dragging the page around when zoomed in.
by clicking anywhere on the page when zoomed in.
web sites or send emails by clicking on hyperlinks.
Email this page to a friend
Search this issue
Index - jump to page or section
Archive - view past issues
CAA Annual Report : 2010
3 ceo’s report Ms Krystina Brown Notwithstanding Total Expenses of $2,780,639, financial year end 2010 has resulted in an Operating Surplus after Income Tax of $280,991. Total Members’ Funds now stand at $3,817,371. Significant factors impacting on the year’s Income include an increase in Guild Referral fees of $79,977; Endorsement income from Woods School Chairs up $53,254 compared to last year and an increase in Membership Subscriptions of $76,588. Total Interest was down $31,010 compared to last year which was anticipated due to the impact on interest rates resulting from the GFC. Expenses generally have been in line with budget. Other expenses not normally incurred were $43,790 spent on the very successful participation by chiropractors in the World Masters Games; $12,300 payment to CAA Victoria to support their political efforts in relation to the Victorian Registration Board; Legal Fees of $70,467 of which a significant amount was related to the renewal of Trade Marks, many falling due at the same time. It is CAAN Board policy that in years of an Operating Surplus, 50% of the company’s earned interest (except interest generated from the Len Welsh Bequest) is added to our Research Fund. This financial year the Interest amount of $93,590 was added to bring the Research Fund up to the current total of $375,833. The Len Welsh Bequest now stands at $21,513. As part of the company’s Investments there are dedicated term deposits that were set up through the foresight of previous directors. In years of surplus annual provisions are allocated to these. This year $30,000 was contributed to the Capital Reserve Fund which now stands at $822,700 and $20,000 was contributed to the Endowed Lectureship Fund which now stands at $180,000. During the year CAA contributed an additional total of $150,000 to Research. $10,000 was allocated to Australian Spinal Research and $140,000 was granted to Macquarie University to fund the Macquarie Health Workforce Study. With the company ceasing to lease the Canberra premises there was a saving this year of $18,516. Political and Advocacy activity continued. Two areas were highlights in terms of their impact on chiropractors. The first was the formation of a single national registration board and the introduction of the mandatory requirements for registration and the development of codes and guidelines. The second was the introduction of the New Modern Federal Health Professional and Support Services Award which significantly impacts on the employment arrangements for chiropractors and staff. As the CEO I have been working extensively since November 2006 on COAG national registration and accreditation reforms as a member of the Professions Reference Group. Over 20 submissions have been lodged by CAAN on behalf of chiropractors and chiropractic. In the latter half of 2009 the CAAN Board formed a sub-committee called the National Registration Group to oversee matters relating to national registration and accreditation.