|
PRESIDENTS REPORT 2009. The past year has again been a demanding year for the Club having endured significant challenges that have tested our resilience on a number of fronts, but prudent management of these issues has preserved the Clubs’ position which is a great improvement on the previous year despite the fact the reporting of a loss. This outcome was achieved with some difficulty and the Board will be taking further steps to ensure the Club trades well, provides a suitable venue and enjoyment for its Members.The challenging environment is expected to continue over the next 12 months and the Board continues to advance additional initiatives to improve The Clubs’ balance sheet and cash flow position. These include: Continuing to pursue savings of wages without compromising the Clubs business activities Execution of strategic review outcomes and recommendations once identified. Maintaining our market position and to strengthen the balance sheet and help minimize the impact of market forces. The option of raising new equity if required, as part of a wider capital strategy. Maintaining and improving our course is no easy task, particularly in view of our financial restraints. Nathan Ball, our Course Superintendent, and his staff have done a great job presenting our Course in a very acceptable state. Many improvements have been made and are being noticed by Members alike. They are continually called upon to operate in adverse conditions and their efforts cannot be faulted for which the Members are extremely grateful. During the previous year some of the older machinery was replaced and this has placed the Club in a better position with its finances due to better work practices and very little breakdowns meaning cost savings in repairs and maintenance on our plant. The Clubhouse, although almost fifty years old, has been maintained in an presentable condition with several improvements being carried out which the Members would be aware of when utilising the premises. Again our sponsors have continued to support the Club and we thank them all for their support throughout the year especially for the annual Pro-Am which was again a very successful event in the Clubs calendar. The success and achievements of the Springwood Country Club were only possible because of the generosity of the Club’s sponsors and the commitment of the staff, volunteers and contracted service providers and the Board. The net result for 2008/09 was a loss of $15,940, this compared to a loss of $60,990 in 2007/08. There was an increase of 1% in total income, made up of increases in operation income (3%) and bar income (7%) partly offset by a decrease in gaming income (9%). Cost of sales increased by 7% leaving gross profit in line with last year. Our four main sources of income showed differing results for the year :- Poker Machine Income 2007 $313,476 2008 $327,236 2009 $274,564 Despite being a disappointing result, the Board has undertaken steps to improve this area of our business and we look forward to improvements for the ensuing year. Bar Profit 2007 $106,154 2008 $84,470 2009 $115,251 Bar Trading in particular showed better returns by implementing better practices and this has been encouraging. Subscriptions 2007 $239,000 2008 $272,000 2009 $293,402 The result of Members subscriptions is very reassuring to the Board, knowing that members are very happy with the results being achieved, especially on the course. Green Fee Income 2007 $176,000 2008 $172,228 2009 $172,662 Visitor income has remained steady over the past few years and with the various course improvements over the past couple of years we are hopeful of maintaining or even increasing our market share. Total expenses for the year were down 3% on last year with substantial savings on employment (2%) and repairs and maintenance (21%) expenses. Unfortunately, there were big increases in non-discretionary charges including electricity (10%), water rates (60%), land rates (39%) and rubbish removal (53%). Depreciation and amortisation expense increased by $10,000 due to increases in capital expenditure. Our cash position decreased by $29,200 over the previous year, mainly due to expenditure on capital equipment. Going forward it will be necessary to monitor this position and make sure that any future expenditure is in line with our trading surplus. The Club was again fortunate to have so many Members who unselfishly gave their time, energy and enthusiasm and their efforts and commitment are acknowledged. There are some Members who are unaware of the contributions these generous people give to the Club and we would be poorer without their continuing support. On behalf of all Club members we extend its thanks and appreciation to all of those people without whom the Club could not function. To those who have lost love ones and dear friends throughout the year, the Club extends its sincere sympathies. Finally, I would like to take this opportunity to thank all Directors of the Board for their assistance and diligence during the year. R.L. Blakemore President
Captain’s Report 2008/2009 Another year at Springwood Country Club rolls by and it still continues to retain the title of the ‘First and Friendliest’ Club in the Mountains. However, I am of the opinion that it can now add the title of being equal to the best Course in the Mountains as well. As a result of the untiring efforts of our Greenkeeper Superintendent Nathan Ball, together with staff David, Tony and Scott and Gavin, who, with the untiring efforts of the new thinking Course Committee team, ably led by Mark Hogan, have performed wonders with the course and greens and surroundsl. Also, never forgetting our volunteers, who have again performed such special tasks in beautifying garden beds, erecting stone walls, weeding and many other tasks. Bearing in mind that the lateral thinking group of Board Members steered by an astute President, Bob Blakemore, have endorsed the expenditure of Members’ funds for these course improvements when needed, whilst keeping a close eye on the purse strings. All in all a great team effort all round. Take a bow gentlemen you should be more than pleased with your untiring efforts. I was very fortunate to have a Match Committee who displayed so much experience in its ranks and I am grateful for their support.. To my Vice Captain, Tony Busch, for his thoroughness in organising and help with major competitions including assisting the evergreen Dave Garland, who never ceases to amaze with his efficiency at the scoreboard etc. Gordon Lynch for providing time sheets for various competitions. Bruce Gibson for his expedient logging of score cards to Golf Link to ensure members are up to date with their current handicaps, Joe Moore, Phil French, Ted Hobson and last but not least our Lady Captain, Fran Blakemore. I sincerely thank you all for your attendance at meetings and whenever required, as well as your sound advice and assistance. Special thanks to Mal Geldard for his kind efforts looking after the Pennant sides with the BBQ when required, all players were most grateful. The Championship results for 2008/2009 are as follows: Club Champion Evan Brawn Runner Up John Glasheen ‘B’ Grade Champion Kelvin Thoms ‘C’ Grade Champion Andrew Hunt Junior Champion James Edge Veteran Champion Gordon Lynch Men’s Foursomes Champions Evan Brawn/Alex Edge ‘B Grade Men’s Foursomes Peter Tennant/Simon McDonald Mixed Foursomes Champions Brett Jackson/Carol Jackson ‘A’ Grade Matchplay Champion James Edge ‘B’ Grade Matchplay Champion George McGovern ‘C’ Grade Matchplay Champion Stuart Gibson Gold Medal Josh Devrell Lawrie Graham Memorial Shield Tony Busch Our Pennant Teams once again performed quite well in the Blue Mountains District Association and the Sydney Masters Competition. The Masters team going down to Wentworth Falls in a play off. The Seniors, although decimated by the withdrawal of several key players, acquitted themselves admirably, as did the ‘A’ Reserve Team. However, the two Kortum Shield teams from Springwood fought out the final at Springwood. With the team led by Lyle Berry and comprising Cameron Blakemore, John Manning, Norm Martin, Ben Hurst, Tony Rock, Geoff McGovern, Darren Moalem, being victorious. The Super Seniors were defeated narrowly by Castle Hill by the narrowest of margins. Thanks to Tony Busch, BMDGA/Super Senior Pennants organiser and Bob Blakemore, Sydney Masters Pennant division organiser. Thank you to all the players in all teams and on behalf of the members, thanks for your time and effort. One must not forget the many Sponsors, who support the Club throughout the year. We are indebted and grateful to them, as it is through their generous backing that our Club continues to prosper successfully. At the forefront, it is Charles Tarbey of Century 21 Real Estate, our Major Sponsor, we thank for his generous support, particularly our annual Pro Am year after year. To our hole Sponsors and Nearest the Pins, your generosity is much appreciated by both the Club and members. Thanks to Joe Moore and his staff who are always ready to assist the players and conducting the popular School Holiday Clinics that many school children attend and enjoy. To our diligent Secretary Manager, Gary Considine, Office Staff, Christine Curtis and Maureen Thompson, thank you for all your help and assistance during the year, to the Bar and house staff thank you for your efforts. In conclusion, I would personally like to thank the Board Members, especially Bob Blakemore for his encouragement and support when I needed it. Not forgetting the members of the Club who I always found to be friendly, tolerant and understanding. I have found it to be a very interesting year with many situations arising that needed attention. I hope I have been of assistance to the Club and the Members during the performance of my duties as Captain as I gave it the best of my limited experience and one can do no more than that. Thank you all for the opportunity to carry out this role. Alan Stanton Club Captain Squash Club Report 2009 It has been another
successful year for the Squash Club. The in-house Tuesday night social comp is
going from strength to strength, and the standard has never been better. Our
financial contribution to the Country Club is ever-increasing, with membership
fees, court hire and bar receipts totalling around $15,000 per annum! As well,
the Squash Club paid for renovations to the courts: re-sanding the floors,
re-painting the walls, re-marking the court lines, and installing new electrical
circuitry and strip heaters for those colder winter nights. The enthusiasm of
our members is fantastic, with more works planned for this year, and it makes
the Club a great place to be.
SPRINGWOOD COUNTRY CLUB LIMITEDA.B.N. 84 000 169 826 ANNUAL CONCISE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2009 CONTENTS PAGE Directors’ Report 1-3 Lead Auditor’s Independence Declaration 4 Income Statement 5 Balance Sheet 6 Cash Flow Statement 7 Statement of Changes in Equity 8 Notes to the Financial Statements 9 Directors’ Declaration 10 Independent Audit Report to the Members 11 This concise report has been derived from the full financial report of the year ended 30 June 2009. The full financial report and auditor’s report is available to members on request, free of charge from the company’s premises at Hawkesbury Road, Springwood. The concise financial report cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of Springwood Country Club Limited as the full financial report. SPRINGWOOD COUNTRY CLUB LIMITED(A Company limited by Guarantee) DIRECTORS’ REPORT The directors submit their financial report for the year ended 30 June 2009. DirectorsThe names of the directors in office at the date of this report are: Occupation Appointment Date Robert Blakemore Retired Appointed 23 October 2005 Grahame Stanford Accountant Appointed 14 October 2007 Mark Hogan Builder Appointed 14 October 2007 Phillip French Sales Executive Appointed 12 October 2008 Ian Crawford Businessman Appointed 12 October 2008 Ben Renneberg Publican Appointed 12 October 2008 Daniel Westaway Plumber Appointed 12 October 2008 Darryn Moalem Electrician Appointed 12 October 2008 Alan Stanton Retired Appointed 12 October 2008 David Limbach, Allan Keith, Malcolm Geldard, John Glasheen, Robert Bradley and Steve Hogan resigned as directors on 12th October 2008. Company Secretary Gary Considine has been Secretary and General Manger throughout the financial year. Principal ActivitiesThe principal activities of the company during the financial year were the operation of a licensed club and golf course. No significant change in the nature of these activities occurred during the year. Results and DividendsThe net loss after income tax amounted to $15,940 (2008– net loss $60,990). The company is limited by guarantee and is prohibited from paying dividends. Review of OperationsTrading level gaming and membership subscriptions increased during the year, offset by a reduction in gaming revenues. Expenditure has been consistent with the prior year. SPRINGWOOD COUNTRY CLUB LIMITED(A Company limited by Guarantee) DIRECTORS’ REPORT (continued) Meeting of Directors
Insurance of Directors and OfficersDuring the financial year the company paid a premium to insure certain officers of the company. The officers of the company covered include the Directors and Secretary Manager. The liabilities covered include costs incurred in defending civil or criminal proceedings that may be brought against officers in their capacity as officers of the company. Disclosure of the premium amount and nature of liabilities covered is prohibited by a confidentiality clause in the policy. Except for the above, the company has not, during or since the end of the financial year, in respect of any person who is or has been an officer or auditor of the company or of a related body corporate: indemnified or made any relevant agreement for indemnifying against a liability, including costs and expenses in successfully defending legal proceedings; or paid or agreed to pay a premium in respect of a contract insuring against a liability for the costs or expenses to defend legal proceedings.Environmental RegulationThe company is subject to significant environmental regulation in respect to its land development. Planning approvals are required for the clearing of land for development under the New South Wales Environmental Planning and Assessment Act 1979. SPRINGWOOD COUNTRY CLUB LIMITED(A Company limited by Guarantee) DIRECTORS’ REPORT (continued) Capital CommitmentsThe company has no capital commitments as at 30 June 2009. Future Developments Disclosure of information in relation to likely developments in the operations of the company and the expected results of operations have not been included in this report because the directors believe it would be likely to result in unreasonable prejudice to the company. Matters subsequent to end of the financial year No matter or circumstance has arisen since 30 June 2009, that has significantly affected, or may significantly affect. (a) the company’s operations in future financial years; or (b) the result of those operations in future financial years; or (c) the company’s state of affairs in future financial years. Lead Auditor’s Independence Declaration under Section 307C of the Corporations Act 2001The lead auditor’s independence declaration is set out on the following page and forms part of the Directors’ Report for the financial year ended 30 June 2009. Signed in accordance with a resolution of the Board of Directors: Director ........................................................... Robert Blakemore Director ........................................................... Grahame Stanford DATED 26th August 2009 at Springwood
CHARTERED ACCOUNTANTS A.B.N. 55 704 784 107 The Board of Directors Springwood Country Club Limited PO Box 94 SPRINGWOOD NSW 2777 Dear Sirs Lead Auditor’s Independence Declaration to the Directors of Springwood Country Club Limited In relation to our audit of the financial report of Springwood Country Club Limited for the year ended 30 June 2009, to the best of my knowledge and belief, there have been no contraventions of the auditor independence requirements of the Corporations Act 2001 or any applicable code of professional conduct.
V J RYAN & CO Level 5Chartered Accountants 255 George Street SYDNEY NSW 2000
Peter Denis Wyer Partner Date: 26th August 2009 SPRINGWOOD COUNTRY CLUB LIMITED(A Company limited by Guarantee)
INCOME STATEMENT
FOR THE YEAR ENDED 30 JUNE 2009 2009 2008$ $
Revenue 1,618,773 1,604,332 Finance Costs (11,885) (11,588) Cost of Goods Sold (257,373) (240,527) Depreciation & Amortisation (136,874) (127,201) Employee Expenses (548,747) (567,010) Repairs & Maintenance (96,172) (121,721) Other Expenses (583,662) (597,275)
Loss before Income Tax (15,940) (60,990)
Income Tax Expense - -
Loss for the Period (15,940) (60,990)
Discussion and Analysis of Income StatementKey points to note are:
SPRINGWOOD COUNTRY CLUB LIMITED(A Company limited by Guarantee) BALANCE SHEET AS AT 30 JUNE 2009 2009 2008$ $ Current AssetsCash and Cash Equivalents 172,863 202,063 Trade and Other Receivables 3,653 1,061 Inventories 25,229 24,862 Other 13,897 16,125 Total Current Assets 215,642 244,111
Non-Current AssetsProperty, Plant and Equipment 505,220 581,368 Total Non-Current Assets 505,220 581,368Total Assets 720,861 825,479
Current LiabilitiesTrade and Other Payables 78,379 82,203 Provisions 72,211 90,232 Interest Bearing Loans & Borrowings 42,450 40,934 Other 85,020 112,395 Total Current Liabilities 278,060 325,764
Non-Current LiabilitiesInterest Bearing Loans & Borrowings 49,663 90,637 Total Non-Current Liabilities 49,663 90,637Total Liabilities 327,723 416,401
Net Assets 393,138 409,078 Equity Members’ Funds - - Retained Earnings 393,138 409,078
Total Equity 393,138 409,078Discussion and Analysis of Balance Sheet
1. Assets: Current assets decreased as a result of a reduction in other assets. Non-Current assets decreased as depreciation and amortisation exceeded additions. 2. Liabilities: Liabilities have decreased due to the decrease in Members’ Subscriptions in Advance from 2008. SPRINGWOOD COUNTRY CLUB LIMITED (A Company limited by Guarantee) CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 20092009 2008$ $ Cash Flows from Operating ActivitiesReceipts from Members & Visitors 1,583,408 1,569,458 Interest Received 6,185 8,157 Interest Paid (11,885) (11,588) Payments to Suppliers & Employees (1,506,723) (1,506,306 Net Cash Provided by (Used in) Operating Activities 70,985 59,721 Cash Flows from Investing ActivitiesPayment for Property, Plant & Equipment (60,727) (29,130) Proceeds from disposal of Property, Plant & Equipment - 8,101 Net Cash Provided by (Used in) Investing Activities (60,727) (21,029) Cash Flows from Financing ActivitiesFinance Lease Principal Repayments (39,458) (42,527) Net Cash Provided by (Used in) Financing Activities (39,458) (42,527) Net Increase / (Decrease) in Cash Held (29,200) (3,835) Cash and Cash Equivalents at Beginning of Financial Year 202,063 205,898 Cash and Cash Equivalents at End ofFinancial Year 172,863 202,063Discussion and Analysis of Cash Flow Statement1. Receipts from Members & Visitors increased $13,950. SPRINGWOOD COUNTRY CLUB LIMITED (A Company limited by Guarantee) STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2009Members’ Reserves Retained Total Funds Earnings Equity $ $ $ $ At 1 July 2007 - - 470,068 470,068 (Loss) for the year - - (60,990) (60,990) At 30 June 2008 - - 409,078 409,078 (Loss) for the year - - (15,940) (15,940) At 30 June 2009 - - 393,138 393,138
SPRINGWOOD COUNTRY CLUB LIMITED A.B.N. 84 000 169 826 NOTES TO THE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2009 This concise financial report relates to Springwood Country Club Limited for the year ended 30 June 2009. The accounting policies adopted are consistent with those of the previous year. NOTE 1 SALES REVENUE 2009 2008 $ $ Sales revenue included in revenue from ordinary activities: 1,618,773 1,604,332 NOTE 2FULL FINANCIAL REPORTFurther financial information can be obtained from the full financial report this is available, free of charge, on request from the company’s premises at Hawkesbury Road, Springwood. SPRINGWOOD COUNTRY CLUB LIMITED(A Company limited by Guarantee) ABN 84 000 169 826 DIRECTORS’ DECLARATION The directors declare that in their opinion, the concise financial report for the year ended 30 June 2009 as set out on pages 5 to 9 complies with Accounting Standard AASB 1039: Concise Financial Reports. The financial statements and specific disclosures included in this concise financial report have been derived from the full financial report for the year ended 30 June 2009. The concise financial report cannot be expected to provide as full an understanding of the financial performance, financial position and financing and investing activities of the company as the full financial report, which as indicated in Note 2 are available on request. This declaration is made in accordance with a resolution of the Board of Directors and is signed for and on behalf of the directors by: Director ........................................................... Robert Blakemore Director ........................................................... Grahame Stanford DATED 26th August 2008 at Springwood INDEPENDENT AUDIT REPORT TO THE MEMBERS OF SPRINGWOOD COUNTRY CLUB LIMITED A.B.N. 84 000 169 826 SCOPE The concise financial report and directors’ responsibility The concise financial report of Springwood Country Club Limited (the company) comprises the Income Statement, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement, discussion and analysis, Accompanying Notes and the Directors' Declaration for the financial year ended 30 June 2009 as set out on pages 5 to 10. The Company’s directors are responsible for the preparation and presentation of the concise financial report in accordance with Accounting Standard AASB 1039: Concise Financial Reports. Audit Approach We have performed an independent audit of the concise financial report in order to express an opinion on it to the members of the company. Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance as to whether the concise financial report is free of material misstatement. The nature of an audit is influenced by factors such as the use of professional judgment, selective testing, the inherent limitations of internal control, and the availability of persuasive rather than conclusive evidence. Therefore, an audit cannot guarantee that all material misstatements have been detected. We have also performed an independent audit of the full financial report of the Company for the financial year ended 30 June 2009. Our audit report on the full financial report was signed on 26th August 2009, and was not subject to any qualification. Our procedures in respect of the audit of the concise financial report included testing that the information included in it is consistent with the full financial report, and examination, on a test basis, of evidence supporting the amounts, discussion and analysis and other disclosures which were not directly derived from the full financial report. These procedures have been undertaken to form an opinion as to whether the concise financial report complies with Australian Accounting Standard AASB 1039: Concise Financial Reports in that, in all material respects, it is presented fairly in accordance with that standard. The audit opinion expressed in this report has been formed on the above basis. Audit Opinion In our opinion, the concise financial report of the company complies with Australian Accounting Standard AASB1039: Concise Financial Reports. Independence In conducting our audit, we followed applicable independence guidelines of Australian professional ethical announcements and the Corporations Act 2001. V J RYAN & CO Level 5 Chartered Accountants 255 George Street SYDNEY NSW 2000 Partner: Peter Denis Wyer Dated at Sydney
IMPORTANT INFORMATION FOR CLUB MEMBERS
THE REPORTING PERIOD FOR THE Springwood Country Club Limited is 30/06/2009 1 IMPORTANT NOTES 1.1.1 The Registered Clubs Act 1976 defines a TOP EXECUTIVE as being one of the five highest paid employees of the club at each separate premises of the club. 2 DISCLOSURE OF INTERESTS OF DIRECTORS IN CONTRACTS WITH THE CLUB – SECTION 41C 2.1 Club members may inspect the original of these disclosures and declarations by making written application to the Secretary. 2.2 The Registered Clubs Act 1976 requires DIRECTORS who have a material personal interest in matters that relate to the affairs of the club to declare the interest at a board meeting and the club to display the declaration on the club’s notice board. 2.3 A contract is any commercial arrangement whether written or not. 2.4 In the reporting period there were 9 occasions when DIRECTORS reported a material personal interest in a matter relating to the club’s affairs. Mark Hogan $22,713 Carpentry Service @ normal commercial terms Ian Crawford $ 297 Goods @ normal commercial terms John Glasheen $ 8,525 Equipment @ normal commercial terms 3 FINANCIAL INTERESTS IN HOTELS – SECTION 41D 3.1 Club members may inspect the original of these disclosures and declarations by making a m written application to the Secretary. 3.2 In the reporting period there were 0 occasions when DIRECTORS reported a financial interest in a hotel in NSW. 3.3 In the reporting period there were 0 occasions when TOP EXECUTIVES reported a financial interest in a hotel in NSW. 4 GIFTS TO DIRECTORS AND STAFF – SECTION 41D 4.1 Club members may inspect the original of these disclosures and declarations by making a written application to the Secretary. 4.2 An affiliated body of the club includes subsidiary clubs, and any body which the club made a grant to within the previous 12 months. 4.3 A gift includes money, hospitality, or discounts. 4.4 A gift valued at more than $500 must be disclosed; gifts from CONTRACTORS must be disclosed if they total more than $500 from an individual contractor in the reporting period. 4.5 Directors 4.5.1 In the reporting period there were 0 occasions when DIRECTORS of the club reported receiving gifts from AFFILIATED BODIES. 4.5.2 In the reporting period there were 0 occasions when DIRECTORS of the club reported receiving gifts from CONTRACTORS. 4.6 Top Executives and Employees 4.6.1 In the reporting period there were 0 occasions when TOP EXECUTIVES of the club reported receiving gifts from AFFILIATED BODIES. 4.6.2 In the reporting period there were 0 occasions when EMPLOYEES of the club receiving gifts from CONTRACTORS. 4.7 Value of Gifts 4.7.1 The total value of all gifts that DIRECTORS and TOP EXECUTIVES received from AFFILIATED BODIES in the reporting period is $0 4.7.2 The total value of all gifts that DIRECTORS and EMPLOYEES received from CONTRACTORS in the reporting period is $0 5 TOP EXECUTIVES – S.41H (1)(b) 5.1 The number of club TOP EXECUTIVES whose total remuneration for the reporting period falls within each successive $10,000 band commencing at $100,000: 5.2 6 OVERSEAS TRAVEL – S.41H (1)© 6.1 In the reporting period the club incurred the follow8ing costs for the overseas travel of DIRECTORS and EMPLOYEES: 6.2 7 LOANS TO STAFF – S.41h (1)(d) 7.1 The Registered Clubs Act 1976 requires the club to report loans to EMPLOYEES of $1,000 or more. 7.2 In the reporting period, the club made the following loans to EMPLOYEES: 8 CONTRACTS APPROVED BY BOARD – S.41H(1)(e) 8.1 During the reporting period the Board approved 0 contracts relating to the remuneration of the club’s TOP EXECUTIVES. 8.2 The Registered Clubs Act 1976 defines a Controlled Contract as being a club contract: 8.2.1 > in which a DIRECTOR or TOP EXECUTIVE has a pecuniary interest, or 8.2.2 > for provision of professional advice relating to the following, a.) significant change to management structure or governance of the club; b.) significant change to the financial management of the club; c.) disposal of land; and d.) the amalgamation of the club. 8.3 During the reporting period 0 controlled contracts were approved by the Board and forwarded to the Director of Liquor and Gaming of which: 8.4.1 0 such contracts related to contracts in which a DIRECTOR or TOP EXECUTIVE has a pecuniary Interest. 8.4.2 0 such contracts related to the provision of professional advice. These contracts fall into the following advice categories: 8.4.3 0 Significant change to the management structure or governance of the club. 8.4.4. 0 Significant changes to the financial management of the club. 8.4.5 0 Disposal of club land. 8.4.6 0 Amalgamation of the club. 9 EMPLOYEES RELATED TO DIRECTORS AND TOP EXECUTIVES – S.41H (1)(f) 9.1 A CLOSE RELATIVE is defined in section 41B of the Registered Clubs Act 1976 and includes the immediate family. 9.2 In the reporting period, the club employed the following persons who were a close relative of a DIRECTOR OR TOP EXECUTIVE of the club. 9.3 Name of Close Relative Related to Total remuneration paid to Close Relative Margaret Keith Allan Keith $4,441 10 PAYMENTS TO CONSULTANTS – S.41H(1)g) and (h) 10.1 During the reporting period there were 0 instances where the club engaged a consultant 10.2. The total costs paid by the club to consultants in the reporting period was $0 10.3 Which included the following instances when consultants were paid $30,000 or more. 11 DETAILS OF SETTLEMENTS PAID BY THE CLUB – S.41H (1)(-i) 11.1 In the reporting period the club made 0 legal settlements with either a director or club employee. Being 11.1.1 0 with a director of the club. 11.1.2 0 with a club employee. 11.2 The total value of all legal settlements was $0 11.3 The total legal costs paid by the club for such settlements was $0 12 LEGAL FEES PAID BY THE CLUB – S41H (1)(j) 12.1 In the reporting period, there were 0 instances when the club paid legal fees for DIRECTORS AND EMPLOYEES This included: 12.1.1 0 instances for DIRECTORS AND 12.1.2 0 instances for EMPLOYEES 12.2 In reporting period the club paid a total of $0 being for legal fees paid for DIRECTORS and EMPLOYEES. 13 GAMING MACHINE PROFIT – S.41H (1)(k) 13.1 gaming machine profit and the gaming machine tax period are defined in the Gaming Machine Tax Act 2001. 13.2 In the most recent gaming machine tax period, the total profit from gaming machines was $277,690 14 AMOUNT PAID TO COMMUNITY DEVELOPMENT – S.41H (1)(i) 14.1 Clubs earning in excess of $1,000,000 p.a. in gaming machine profit can apply part of such profit to community development and support. 14.2 In the reporting period the Club applied $0 to community development and support.
For the Information of Members and their Guests |
Home |
|
Home Contents About Us Course Amenities Pro-Shop Bookings What's On |