MPC 2003 Annual Report PDF

ANNUAL REPORT
For the year ended

31 December 2003
MELBOURNE PRESS CLUB
Contents Page
______________________________________________________________
Contents Page 1
Committee 2003 Page 2
President’s Report Page 3
Treasurer’s Report Page 4
General Manager’s Report Page 5
Functions Calendar 2003 Page 6
Quill Awards 2003 Pages 7-8
1
Committee 2003
______________________________________________________________
President: Ian Henderson, ABC TV

Vice Presidents: Peter Bartlett, Minter Ellison
Bob Kearsley, Channel 9
Treasurer: David Poulton, Minter Ellison

Secretary: Sue Henderson
Committee: Adrian Anderson, Corrs Chambers Westgarth

(resigned Jan 2004)
Eileen Berry, The Age
Bill Birnbauer,The Age
Sylvia Bradshaw, Leader Community Newspapers
Genevieve Brammall, Herald Sun
Rob Curtain, 3AW
Michele Fonseca, ABC TV
Linda Fuller, Channel 7
(resigned October 2003)
Melissa Fyfe, The Age
Richard Leder, Corrs Chambers Westgarth
Keith Moor, Herald Sun
Justin Quill, Corrs Chambers Westgarth
(joined Feb 2004)
John Rees, RACV
Andrew Rule, The Age
Mike Smith, Inside PR
Karalee Tilvern, Channel 7
(joined October 2003)
John Trevorrow, Herald Sun
2
President’s Report 2003
______________________________________________________________
It’s my great pleasure to give an overview of the Melbourne Press Club’s past year... and the
prospects for the year ahead. However you choose to measure it, the club has enjoyed
another very successful year. Membership is up to around 560. We’ve extended the number
and range of our functions, our sponsorship base is rock solid and we’ve added another to
our list, the Sensis award for Student Journalism.
2003 was also a time of considerable change for the club. Our General Manger Mary Cotter
left us after several years of outstanding service, and President Neil Mitchell moved on after
presiding over a period of record growth and consolidation for the club. Both contributed a
lion-hearted effort, and on behalf of the club, I’d like to put on record our sincere appreciation.
Happily, there’s been a smooth transition. Sue Henderson has settled in extremely well as
General Manager, after six years with one of our major sponsors Smart Works. She and
Sophie Gaylard have made a very capable and efficient team. I was honoured to be elected
president last year, though Neil’s are big shoes to fill. I will be standing again this year, though
I believe that it’s in the best interests of the club for the presidency to be shared around. I
would expect to be handing over to a worthy successor this time next year.
Our mainstay events, the Quills, the annual journalism conference, and our program of
lunches are now well-established. Over the past year, we’ve also made a concerted attempt
to reach out to students and younger working journalists, through initiatives such as the
Sensis award, the student stream at the conference, and our regular drinks nights. Several
committee members also made themselves available as guest speakers at Deakin and RMIT
universities.
We’ll consolidate this effort during 2004 as well as launching some new strategic directions.
We’re currently working on finding a home for our “Hall of Fame”; refining ideas for a mid-
career scholarship, and seeking to expand our list of member benefits.
None of this happens without a lot of hard work, and I’d like to thank this year’s committee
members whose energy and enthusiasm has been second to none. There was a lot of new
blood this year… Sylvia Bradshaw, Genevieve Brammall, Michele Fonseca, Melissa Fyfe,
Rob Curtain, Bill Birnbauer and Kiralee Tilvern. They made an immediate impact. There was
a sharp spike in membership numbers and some great ideas for new functions, most notably
this year’s Journalists’ Ball.
Thanks too to all our sponsors, most of whom have now been with us for a number of years.
We do value long-term relationships. I was particularly pleased to welcome Leader
Newspapers to our sponsors’ list this year. Our media sponsors are the club’s heart and soul,
and most media organisations are now solidly behind us.
There’s a lot to look forward to in the year ahead with the tenth anniversary of the Quill
awards next March, and another sensational conference agenda taking shape for late
October. I recommend all these activities to you, our members, and thank you for your
ongoing support. We couldn’t do it without you.
Ian Henderson
President
3
Treasurer’s Report
______________________________________________________________
2003 was another year of solid financial performance for the Melbourne Press Club.
The highlights of financial performance included:
• Sponsorship revenue continued at a healthy level of $257,500 (up from

$223,818 in 2002).
• Membership revenue again increased steadily, from $16,774 in 2002 to
$18,035 in 2003.
• Total revenue increased by 7% to $382,597, up from $356,509 in 2002.
• Total costs increased to a greater extent, from $323,168 in 2002 to

$369,465 in 2003.
• Some of the increased costs arose from timing issues, but increases in the
costs associated with functions (such as travel expenses) also contributed.
• Expenses were nevertheless well contained and the Club posted a net
operating profit in 2003 of $13,132.
• Bank balance of $88,966 as at 31 December 2003.
Achievements in 2003
The Club in 2003 continued to improve the professionalism of its administration

systems. Towards the end of the year new computers and software were purchased
(Note - these expenses will appear in the 2004 accounts), enabling our secretariat to
better manage accounting records, the membership database, and the organisation
of functions.
During 2003 we farewelled our General Manager, Mary Cotter due to her family's
move interstate, but made a smooth transition to our new General Manager and
Secretary, Sue Henderson.
Sue was well supported by our Assistant Manager, Sophie Gaylard and our
independent account continued to oversee payroll transactions, GST accounting, and
our ongoing financial reports.
We have continued to observe the procedures required by our Auditors to ensure

that accounting and association standards are met.
I would like to take this opportunity to thank our Auditors, BDO for their excellent and
efficient service.
Date: 26 May 2004
David Poulton
Treasurer
Melbourne Press Club
4
General Manager’s Report 2003
______________________________________________________________
2003 was a big year for the Club. After 5 years as General Manager Mary Cotter
resigned to move to Sydney. I took over the reins in early March, just in time to help
out with the 2002 Quill Awards Dinner that was held at the Grand Hyatt on 12 March.
It was a great night with a record number of entries and guests. Most agree that the
guest speaker Laurie Oakes delivered one of the best Quills speeches to date.
It was a busy year from then on with a healthy program of luncheons, social activities
and other functions. Lunch guests included Richard Alston, The Coodabeen
Champions, Geoffrey Robertson, Iraq War Correspondents, Graeme Samuel,
Andrew Wilkie, Greg Roberts and Sunil Gavaskar.
Other functions included the Public War Forum held in association with The Age at
the Melbourne Town Hall, a day at the Healesville Races, our Annual Trivia Night
hosted by trivia whiz David Poulton and several informal get-togethers with the Media
Mums, cadet journalists and journalism students.
One of the highlights of the year was the 2003 Journalism Conference that was held
on 17 October at the Iwaki Åuditorium and CUB Malthouse. The Conference,
sponsored by The Age and supported the ABC, attracted an audience of 400
including journalists and students. The Keynote speakers were UK columnist and
broadcaster Amanda Platell and US plagiarism expert John Barrie. Other highlights
were Paul McGeough who joined us live by satellite from New York and Mark Day’s
Hypothetical. There were also sessions on the war in Iraq, crime, career paths and
sports reporting.
One of the club’s main focuses for the year was students and young journalists. To
encourage them to attend our luncheons we introduced the ‘student sandwich lunch’
and we organised a number of drinks evenings at the Golden Gate Hotel in South
Melbourne. The placement of our noticeboards at university campuses and news
organizations helped to further encourage their attendance and membership.
The Club is staffed by myself and Assistant Manager, Sophie Gaylard. Both Sophie
and I are contracted to work a 4-day week. During busy periods we work extra days
and employ casual staff to help out. The secretariat is housed at the Minters Ellison
offices in the Rialto Towers. We are particularly grateful to Minters for providing office
premises and support. I would also like to thank Smart Works who now look after our
IT and graphic design and BDO who once again, has produced the Financial Report.
My thanks also to all the other sponsors – I am very grateful for your help and
assistance.
I would also like to thank all the committee members for their tireless enthusiasm and
input, in particular Mike Smith and David for their administrative support on a daily
basis. It’s been a great year and a pleasure getting to know everyone involved with
the Club. I look forward to the year ahead.
Sue Henderson
General Manager
5
Functions Calendar 2003
______________________________________________________________
LUNCH/DINNER FORUM SOCIAL EVENT

February Richard Alston lunch
Medallion Club
20.02.03
March Quill Awards dinner Public War Forum Sponsor Cocktail party
Grand Hyatt Melbourne Town Hall Minter Ellison offices
14.03.03 18.03.03 12.02.03
Coodabeens’ lunch
Medallion Club
28.03.03
April Geoffrey Robertson lunch Healesville Races
Medallion Club 5.04.03
16.04.03
May Peter Foster - cancelled Neil’s farewell dinner
21.05.03 (committee only)
AGM The Fed@NGV
RACV Club 30.05.04
28.05.05
June Working in a War Zone
Medallion Club
20.06.03
July Graeme Samuel
Medallion Club
18.07.03
Andrew Wilkie
Medallion Club
31.07.03
August Greg Roberts Trivia Night
Medallion Club Golden Gate Hotel
27.08.03 22.08.03
September Millennium Journos’
Drinks
Golden Gate Hotel
25.09.03
Media Mums Film
morning
Cinema Nova
24.09.04
October Journalism 2003 Conference Keynote

Conference Dinner
Iwali Auditorium & CUB Donovans
Malthouse 16.10.03
17.10.03
November
December Sunil Gavaskar Christmas Drinks

Medallion Club Golden Gate Hotel
1.12.03 11.12.03
Christmas Dinner
Young & Jackson
(committee only)
4.12.03
6
Melbourne Press Club Quill Awards 2003
______________________________________________________________
The Gold Quill

Julie-Anne Davies & Steve Waldon The Age
The Graham Perkin Award for the Australian Journalist of the Year
Peter Wilson The Australian
The Grant Hattam Award

Paul Moran ABC TV
Lifetime Achievement Award

Claude Forell The Age
Young Journalist of the Year Award

Mandi Zonneveldt Herald Sun
RACV Transport Quill

Nick Papps Herald Sun
Best Columnist
George Megalogenis The Australian
Best Sports Story in any Medium

Caroline Wilson The Age
Best Business Story in any Medium

Adele Ferguson Business Review Weekly
Best TV Camerawork in News and Current Affairs

Mark Doberer & Ivan Dodin Inside Business, ABC TV
Best News Photograph

Heath Missen The Age
Best Sports Photograph

Michael Dodge Herald Sun
Best Features Photograph

Simon Schluter The Age
Best Three Headlines in any Medium

Gary McGregor MX Newspaper
Best Page Layout

Warwick McFadyen The Sunday Age
Best Illustration in any Medium

Mick Connolly The Age
Best Cartoon
Peter Nicholson The Australian
7
Continued… Melbourne Press Club Quill Awards 2003
______________________________________________________________
Best Deadline Report in any Medium

Brendan Nicholson The Age
Best Investigative Report in any Medium

Cameron Stewart & Martin Chulov The Australian
Best On-line Report

Simon Johanson & Hugh J Martin The Age
Best Suburban or Regional Report in any Medium

Editorial Team Pakenham Gazette
Best Rural Affairs Report in any Medium

Belinda Hawkins & Mara Blazic Australian Story, ABC TV
Best TV News Report

Rebecca Maddern Channel 7
Best Radio News Report

Paul Bentley 3AW
Best TV Current Affairs Report

Josephine Cafagna & Peter Drought Stateline, ABC TV
Best Radio Current Affairs Report

Neil Mitchell 3AW
Best News Report in Print

Gerard McManus, Jason Frenkel & Michael Harvey Herald Sun
Best Feature in Print

Julie-Anne Davies & Steve Waldon The Age
8
I:\14\14421900\accts\Accounts FS 2003.doc
THE MELBOURNE PRESS CLUB INCORPORATED

Registered No. HA0033857 J
A.B.N. 27 713 079 515
FINANCIAL REPORT
FOR THE YEAR ENDED
31 DECEMBER 2003
A.B.N. 27 713 079 515
CONTENTS
Page Ref.
2. Committee’s Report
3. Independent Auditor’s Report
4. Statement by Members of the Committee
5. Statement of Financial Performance
6. Statement of Financial Position
7. Statement of Cash Flows
8. Notes to and Forming Part of the Financial Statements
1
A.B.N. 27 713 079 515
Your committee members submit the financial statements of The Melbourne Press Club for the financial year
ended 31 December 2003.
The names of the committee members throughout the year and at the date of this report are:
Ian Henderson (ABC TV): President

Peter Bartlett (Minter Ellison): Vice President
Bob Kearsley (Nine Network): Vice President
David Poulton (Minter Ellison): Treasurer
Sue Henderson: Secretary
Bill Birnbauer (The Age)

Sylvia Bradshaw (Leader Community Newspapers)
Genevieve Brammall (Herald Sun)
Eileen Berry (The Age)
Rob Curtain (3AW)
Michele Fonseca (ABC TV)
Melissa Fyfe (The Age)
Richard Leder (Corrs Chambers Westgarth)
Justin Quill (Corrs Chambers Westgarth) (Appointed January 2004)
Adrian Anderson (Corrs Chambers Westgarth) (Resigned January 2004)
Keith Moor (Herald Sun)
John Rees (RACV)
Andrew Rule (Good Weekend)
Mike Smith (Inside PR)
Karalee Tilvern (Channel 7)
John Trevorrow (Herald Sun)
Principal Activities
The principal activities of the organisation during the financial year were:
• Annual Quill Awards for Excellence in Victorian journalism;

• Social functions for members;
• Journalism conferences;
• Regular club lunches with high-profile speakers; and
• Forums for debate on professional issues.
Significant Changes
No significant change in the nature of these activities occurred during the financial year.
Operating Results
The surplus from ordinary activities for the year amounted to $13,132 (2002: Surplus of $33,341). This figure
reflects the fact that during the year, The Melbourne Press Club received strong support in sponsorship and
membership from the public, with expenses well maintained.
Signed in accordance with a resolution of the members of the committee.
Member
Mr David Poulton
Dated this 24 day of May 2004.

2
A.B.N. 27 713 079 515
INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF

Scope
We have audited the financial report, being a special purpose financial report, of The Melbourne Press Club Inc.
for the year ended 31 December 2003. The committee is responsible for the financial report and has determined
that the accounting policies used and described in the financial statements which form part of the financial
report are appropriate to meet the requirements of the Associations Incorporation Act (Victoria) and are
appropriate to meet the needs of the members. We have conducted an independent audit of this financial report
in order to express an opinion on it to the members of The Melbourne Press Club Inc. No opinion is expressed
as to whether the accounting policies used are appropriate to the needs of the members.
The financial report has been prepared for the purpose of fulfilling the requirements of the Association
Incorporated Act (Victoria). We disclaim any assumption of responsibility for any reliance on this report or on
the financial report to which it relates to any person other than the members, or for any purpose other than that
for which it was prepared.
Our audit has been conducted in accordance with Australian Auditing Standards. Our procedures included
examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial report
and the evaluation of significant accounting estimates. These procedures have been undertaken to form an
opinion whether, in all material respects, the financial report is presented fairly in accordance with the
accounting policies as to present a view which is consistent with our understanding of the Association’s
financial position, and performance as represented by the results of its operations and its cash flows. These
policies do not require the application of all Accounting Standards and other mandatory professional reporting
requirements in Australia.
The audit opinion expressed in this report has been formed on the above basis.
Audit Opinion
In our opinion, the financial report presents a true and fair view in accordance with the accounting policies
described in the financial statements, the financial position of The Melbourne Press Club Inc. as at 31
December 2003 and the results of its operations for the year then ended.
BDO
Chartered Accountants
JEFFREY F KNOTT
Partner
Melbourne
Date: 24 May 2004
3
A.B.N. 27 713 079 515
STATEMENT BY COMMITTEE OF MANAGEMENT
The committee has determined that the association is not a reporting entity and that this special purpose
financial report should be prepared in accordance with the accounting policies outlined in the financial
statements.
In the opinion of the committee the financial report:
1. Presents fairly the financial position of The Melbourne Press Club Inc. as at 31 December 2003 and its
performance for the year ended on that date.
2. At the date of this statement, there are reasonable grounds to believe that The Melbourne Press Club
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 committee and is signed for and on the behalf of
the committee by:
Treasurer:
Mr David Poulton
Dated this 24 day of May 2004
4
A.B.N. 27 713 079 515
STATEMENT OF FINANCIAL PERFORMANCE

FOR THE YEAR ENDED 31 DECEMBER 2003
Note 2003 2002

$ $
Revenues from ordinary activities 2 382,597 356,509
Employee benefits expense (90,708) (74,687)

Sponsorship, conference and function
expenses (189,578) (186,171)
Administration and office expenses (3,782) (1,092)
Other expenses from ordinary activities (85,397) (61,218)
(Deficit)/Surplus from ordinary activities 4 (b) 13,132 33,341
Total changes in members’ funds 13,132 33,341
5
A.B.N. 27 713 079 515
STATEMENT OF FINANCIAL POSITION

Note 2003 2002

$ $
CURRENT ASSETS
Cash 4 (a) 88,966 97,802
Investment - 1,000
TOTAL CURRENT ASSETS 88,966 98,802
TOTAL ASSETS 88,966 98,802
CURRENT LIABILITIES
Accrued liabilities 5 7,394 6,972
Provision for Annual Leave 5 6,610 -
Deferred income 6 - 30,000
TOTAL CURRENT LIABILITIES 14,004 36,972
TOTAL LIABILITIES 14,004 36,972
NET ASSETS 74,962 61,830
MEMBERS’ FUNDS
Accumulated surplus 7 74,962 61,830
TOTAL MEMBERS’ FUNDS 74,962 61,830
6
A.B.N. 27 713 079 515
STATEMENT OF CASH FLOWS

Note 2003 2002

$ $
Cash Flows from Operating Activities:
Receipts from grants, membership fees and other

income 352,597 372,509
Payment to suppliers and employees 361,433 (303,933)
Net Cash (Used in) Provided by Operating

Activities 4 (b) (8,836) 68,576
Cash at Beginning of Financial Year 97,802 29,226
CASH AT END OF FINANCIAL YEAR 4 (a) 88,966 97,802
7
A.B.N. 27 713 079 515
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS

NOTE 1: STATEMENT OF ACCOUNTING POLICIES
This financial report is a special purpose financial report prepared in order to satisfy the financial
reporting requirements of the Associations Incorporation Act (Victoria). The committee has
determined that the association is not a reporting entity
The financial report has been prepared in accordance with the requirements of the Associations
Incorporation Act (Victoria) and the following Australian Accounting Standards:
AASB 1018 Statement of Financial Performance

AAS 4 Depreciation
AAS 5 Materiality
AAS 8 Events Occurring After Reporting Date
AAS 10 Recoverable Amount of Non-Current Assets
AAS 14 Equity Method of Accounting
AAS 15 Revenue
AAS 17 Leases
AAS 28 Statement of Cash Flows
AAS 30 Accounting for Employee Entitlements
AAS 36 Statement of Financial Position
AAS 37 Financial Report Presentation and Disclosures
AAS 38 Revaluation of Non-Current Assets
Australian Accounting Standard AAS6: Accounting Policies, has not been applied but certain
provisions of this standard have been adopted.
No other applicable Accounting Standards, Urgent Issues Group Consensus Views or other
authoritative pronouncements of the Australian Accounting Standards Boards have been applied.
The financial report has been prepared on an accruals 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) Income tax
The Association is exempt from income tax pursuant to Section 50-5 of Income Tax
Assessment Act (1997).
(b) Fixed Assets
Leasehold improvements and office equipment are carried at cost less, where applicable, any
accumulated depreciation.
The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to
the association commencing from the time the asset is held ready for use. Leasehold
improvements are amortised over the shorter of either the unexpired period of the lease or the
estimated useful lives of the improvements.
8
A.B.N. 27 713 079 515

NOTE 1: STATEMENT OF ACCOUNTING POLICIES (cont’d)
(c) Leases
Leases of fixed assets, where substantially all the risks and benefits incidental to the
ownership of the asset, but not the legal ownership, are transferred to the association, are
classified as finance leases. Finance leases are capitalised recording an asset and a liability
equal to the present value of the minimum lease payments, including any guaranteed residual
values. Leased assets are amortised on a straight line basis over their estimated useful lives
where it is likely that the association will obtain ownership of the asset or over the term of the
lease. Lease payments are allocated between the reduction of the lease liability and the lease
interest expense for the period.
Lease payments under operating leases, where substantially all the risks and benefits remain
with the lessor, are charged as expenses in the period in which they are incurred.
(d) Employee Entitlements
Provision is made for the Association’s liability for employee entitlements arising from
services rendered by employees to balance date. Employee entitlements expected to be settled
within one year together with entitlements arising from wages and salaries, annual leave and
sick leave which will be settled after one year, have been measured at their nominal amount.
Other employee entitlements payable for later than one year have been measured at the
present value of the estimated future cash outflows to be made for those entitlements.
Contributions are by the Association to employee superannuation funds and are charged as
expenses when incurred.
(e) Revenue Recognition
Revenue from membership fees are recognised upon receipt.
Interest revenue is recognised on a proportional basis taking into account the interest rates
applicable to the financial assets.
(f) Cash
For the purposes of the Statement of Cash Flows, cash includes cash on hand, at bank and on
deposit, net of bank overdrafts.
(g) Investments
Non-current investments are measured on the cost basis.
The carrying amount of investments is reviewed annually by directors to ensure it is not in

excess of the recoverable amount of these investments. The recoverable amount is assessed
from the quoted market value for shares in listed companies. The expected net cash flows
from investments have not been discounted to their present value in determining the
recoverable amounts.
9
A.B.N. 27 713 079 515

NOTE 1: STATEMENT OF ACCOUNTING POLICIES (cont’d)
(h) Goods and Services Tax
Revenues, expenses and assets are recognised net of the amount of goods and services tax
(GST), except where the amount of GST incurred is not recoverable from the Australian
Taxation Office (ATO). In these circumstances the GST is recognised as part of the cost of
acquisition of the asset or as part of an item of the expense.
Receivables and payables are stated with the amount of GST included, where applicable.
The net amount of GST recoverable from, or payable to, the ATO is included as a current
asset or liability in the balance sheet.
Cash flows are included in the statement of cash flows on a gross basis. The GST component
of cash flows arising from investing and financing activities which are recoverable from, or
payable to, the ATO are classified as operating cash flows.
(i) Comparatives
Where required by accounting pronouncements, comparative figures have been represented or

reclassified to conform with changes in presentation for the current financial year.
2003 2002
$ $
NOTE 2: REVENUE
Operating Activities
Subscriptions/Membership fees 18,035 16,774
Functions 49,486 53,163
Sponsorships and grants 257,500 223,818
Quill awards 38,228 36,679
Conference 17,050 21,189
Rebanking credit card errors 634 1,768
Bank interest 990 1,015
Donations - -
Other Income 674 2,103
Total Revenue from operating activities 382,597 356,509
10
A.B.N. 27 713 079 515

2003 2002
$ $
NOTE 3: PROFIT FROM ORDINARY
ACTIVITIES
Profit from ordinary activities has been
determined after charging as an expense:
Remuneration of auditor for:

- audit services 1,000 1,000
1,000 1,000
NOTE 4: CASH
(a) Reconciliation of Cash
Cash on deposit
Petty cash 250 250
Cash at bank 88,716 97,552
88,966 97,802
(b) Reconciliation of net cash (used in)

provided by operating activities to
operating (deficit) surplus after income tax
Operating (deficit) surplus 13,132 33,341

Changes in assets and liabilities
Net increase (decrease) in liabilities (22,968) 27,235

Net (increase) decrease in assets 1,000 8,000
Net cash (used in) provided by operating

Activities (8,836) 68,576
NOTE 5: PAYABLES
CURRENT
Other creditors and accrued liabilities
Provision for Annual Leave 6,610 -
GST Payable 1,987 1,620
PAYG payable 4,407 4,352
Audit fee 1,000 1,000
14,004 6,972
2003 2003
$ $
NOTE 6: DEFFERED INCOME
CURRENT
Income received in advance - 30,000
- 30,000
11
A.B.N. 27 713 079 515

2003 2002
$ $
NOTE 7: ACCUMULATED SURPLUS

Accumulated surplus at the beginning of the
year 61,830 28,489
Surplus from ordinary activities 13,132 33,341
Accumulated surplus at the end of the year 74,962 61,830
NOTE 8: ECONOMIC DEPENDENCY
A significant portion of income is received by

way of membership revenue and sponsorship.
.
NOTE 9: RELATED PARTY TRANSACTIONS
Committee Members:
The names of the members of the committee who
have held office during the financial year are:
Ian Henderson (ABC TV): President

Peter Bartlett (Minter Ellison): Vice President
Bob Kearsley (Nine Network): Vice President
David Poulton (Minter Ellison): Treasurer
Sue Henderson: Secretary
Bill Birnbauer (The Age)

Sylvia Bradshaw (Leader Community Newspapers)
Genevieve Brammall (Herald Sun)
Eileen Berry (The Age)
Rob Curtain (3AW)
Michele Fonseca (ABC TV)
Melissa Fyfe (The Age)
Richard Leder (Corrs Chambers Westgarth)
Justin Quill (Corrs Chambers Westgarth) (Appointed January 2004)
Adrian Anderson (Corrs Chambers Westgarth) (Resigned January 2004)
Keith Moor (Herald Sun)
John Rees (RACV)
Andrew Rule (Good Weekend)
Mike Smith (Inside PR)
Karalee Tilvern (Channel 7)
John Trevorrow (Herald Sun)
Committee Member’s Remuneration:

No income is paid or payable to members of the
committee by the association and any related entity.
12
A.B.N. 27 713 079 515

NOTE 10: SEGMENT REPORTING
The organisation operates predominantly in one

sector (media/journalism) and on geographic
location (Australia)
NOTE 11: PRINCIPAL PLACE OF

BUSINESS
The principal place of business of the association is:
Level 3, 525 Collins Street

Melbourne, Vic 3000
13
AUDITOR’S REPORT ON ADDITIONAL INFORMATION

A.B.N. 27 713 079 515
To the Members
The additional information presented in the following page has not been subject to audit. Accordingly, we do
not express an opinion on the additional information.
BDO
Chartered Accountants
JEFFREY F KNOTT
Partner
Melbourne
Date: 24 May 2004
14
A.B.N. 27 713 079 515
INCOME AND EXPENDITURE STATEMENT

Note 2003 2002

$ $
INCOME
Subscriptions/Membership 18,035 16,774
Functions 49,486 53,163
Sponsorships and Grants 257,500 223,818
Quill Awards 38,228 36,679
Conference 17,050 21,189
Rebanking Credit Card Errors 634 1,768
Bank Interest 990 1,015
Other Income 674 2,103
382,597 356,509
EXPENDITURE
Function Costs 56,990 82,461
Quill Award Costs 90,074 104,113
Conference Costs 42,514 38,087
Secretarial Fees and Expenses 90,708 74,687
Administrative Cost 3,782 1,092
Merchant Credit Card Fees - 2,726
Audit Fee 1,000 1,000
Sundries 663 2,998
Stationery 11,538 -
Death Note - 429
Insurance 6,915 1,665
Sponsor Expenses 9,724 -
Speakers & Representatives 4,824 -
Other Expenses 4,912 4,091
Travel 12,139 -
Investment Write-Off 1,000 -
ATO PAYG Tax 32,682 9,819
369,465 323,168
NET OPERATING GAIN/LOSS 13,132 33,341
Accumulated surplus/deficit at the beginning of the

financial year 8,821 (24,520)
Accumulated surplus/deficit at the end of the

financial year 21,953 8,821
15

MPC 2003 Annual Report PDF

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MPC 2003 Annual Report PDF

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ANNUAL REPORT

For the year ended

Committee 2003 Page 2

President’s Report Page 3

Treasurer’s Report Page 4

General Manager’s Report Page 5

Functions Calendar 2003 Page 6

Quill Awards 2003 Pages 7-8

President: Ian Henderson, ABC TV

Treasurer: David Poulton, Minter Ellison

Committee: Adrian Anderson, Corrs Chambers Westgarth

The highlights of financial performance included:

• Sponsorship revenue continued at a healthy level of $257,500 (up from

• Total revenue increased by 7% to $382,597, up from $356,509 in 2002.

• Total costs increased to a greater extent, from $323,168 in 2002 to

• Bank balance of $88,966 as at 31 December 2003.

The Club in 2003 continued to improve the professionalism of its administration

We have continued to observe the procedures required by our Auditors to ensure

Date: 26 May 2004

LUNCH/DINNER FORUM SOCIAL EVENT

October Journalism 2003 Conference Keynote

December Sunil Gavaskar Christmas Drinks

The Gold Quill

The Grant Hattam Award

Lifetime Achievement Award

Young Journalist of the Year Award

RACV Transport Quill

Best Sports Story in any Medium

Best Business Story in any Medium

Best TV Camerawork in News and Current Affairs

Best News Photograph

Best Sports Photograph

Best Features Photograph

Best Three Headlines in any Medium

Best Page Layout

Best Illustration in any Medium

Best Deadline Report in any Medium

Best Investigative Report in any Medium

Best On-line Report

Best Suburban or Regional Report in any Medium

Best Rural Affairs Report in any Medium

Best TV News Report

Best Radio News Report

Best TV Current Affairs Report

Best Radio Current Affairs Report

Best News Report in Print

Best Feature in Print

THE MELBOURNE PRESS CLUB INCORPORATED

3. Independent Auditor’s Report

4. Statement by Members of the Committee

5. Statement of Financial Performance

6. Statement of Financial Position

7. Statement of Cash Flows

8. Notes to and Forming Part of the Financial Statements

Ian Henderson (ABC TV): President

Bill Birnbauer (The Age)

• Annual Quill Awards for Excellence in Victorian journalism;

Signed in accordance with a resolution of the members of the committee.

Dated this 24 day of May 2004.

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF

STATEMENT BY COMMITTEE OF MANAGEMENT

In the opinion of the committee the financial report:

Dated this 24 day of May 2004