[Centres] Questions for the Auditor

[RDA NSW Tall Timbers Centre]

Questions for Auditor 

 

1.	Auditors report dated 15th May 2020, which is after original May AGM
date. Why? 

 

2.	As this report was prepared during COVID-19 pandemic, please advise
of the method used to collate and review sample data, virtually, electronic
copies provided by RDA(NSW) or on premises, face to face. 

 

3.	Finance Officer has stated that Raymond Terrace and Lower Hunter
land holdings have been inadvertently overlooked during this audit. Why?

 

4.	Finance Officer has used an example "the combined operating costs of
RDA (NSW) and its Centres for one year are in the vicinity of $2million
annually. Even six months without any income can have a seriously adverse
effect on the financial status of the Association. This means that
organisations, including organisations such as ours, should have reserves to
outlast at least one year, and preferably 18 months without income" 

 

Your report "covers Riding for the Disabled Association(NSW) as an
individual entity"

 

Given the above statement and theory, in your opinion. Does this financial
statement give a true and fair view and free from material misstatement?  or
should financial statements contain consolidation of all Centres finances to
give a true aspect of potential debts of "the company", given that "the
company" is recording significant value in assets through land holdings
which Centres operate on and the Finance Officer infers "the company" needs
to ensure it has sufficient assets to cover combined operating costs of
RDA(NSW) .

 

 

Questions for Finance Officer 

 

1.	There appears to be a minor discrepancy between the Finance Officers
report - Summary of the Net Financial results of the Association and the
Auditors report;

 

Net result 2019 $337 573.09 - Auditors report $337 733.47 - variance $160.38

 

Revenue 

Share revaluation 2019 $576 171.25 - Auditors report $576 332.11 - variance
$160.86

 

2.	Tall Timbers Centre registered riders for this period was 141. 

 

3.	As Special Purpose Financial Report, please provide the following to
all members; 

 

Non condensed version of;

*	2019 Statement of Cash Flows 
*	2019 Balance Sheet 
*	2019 Profit & Loss Statement and Previous Year Comparison 

 

4.	On what basis / recommendation / formulae was this statement based? 

"the combined operating costs of RDA (NSW) and its Centres for one year are
in the vicinity of $2million annually. Even six months without any income
can have a seriously adverse effect on the financial status of the
Association. This means that organisations, including organisations such as
ours, should have reserves to outlast at least one year, and preferably 18
months"

 

 

Questions for the Board of Directors

 

Who provided professional advice as Honorary Advisors to the board on
Strategic Plan and NDIS as stated in the Chairpersons Report. 

 

 

RDA TALL TIMBERS' COMMITTEE



Riding for the Disabled Assoc NSW Tall Timbers Centre

125 Old Pitt Town Road  Box Hill  NSW  2765

Phone:  9679 1246   Fax:  9679 0638

ABN   22 977 966 930

 <mailto:talltimbers at rdansw.org.au> talltimbers at rdansw.org.au

 <http://www.talltimbers.rdansw.org.au/> www.talltimbers.rdansw.org.au

 <http://www.facebook.com/RDATallTimbers> www.facebook.com/RDATallTimbers

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://rdansw.org.au/pipermail/centres_rdansw.org.au/attachments/20200720/f9d51a43/attachment.htm>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 2638 bytes
Desc: not available
URL: <http://rdansw.org.au/pipermail/centres_rdansw.org.au/attachments/20200720/f9d51a43/attachment.jpg>