ANNUAL REPORT 2017
ANNUAL REPORT 2018
ACN - 002 513 251 Auditors - Brigden & Partners
Contents
04
Board of Directors and Key Personnel
23
Statement of Profit and other Comprehensive Income
06
President's Report
24
Statement of Changes in Equity
08
Treasurer's Report
25
Statement of Cash Flows
09
CEO's Report
26
Notes to the Financial Statements
12
Notice of Election
40
Independent Auditor's Report
14
Annual General Meeting
44
Sub Branch Report
19
Annual Financial Report
45
Sub Club Annual Reports
22
Statement of Financial Position
58
ClubGRANTS
Board of Directors
4
Harry Anderson President
Mick Brodie Senior Vice President
Rob Kennerley Vice President
John Deane Treasurer
Denis Dempsey Director
Norm Bakker Director
Mark Dowel Director
Terence Clarke Director
Mario Machado CEO
Steve Rigney Assistant CEO/Operations
Hornsby RSL Club Annual Report 2018
Key Personnel
Sue Backhouse Gaming Manager
Daisy Barnes Marketing Manager
Stuart Gabriel HR Manager
Jo Gilbert Functions Co-ordinator
Andy Fung Financial Controller
Kelly Bell Employee Relations Manager
James Nicholas Executive Chef
Ian Hobson Sous Chef
David Reeve Loyalty Manager
Chris Chilvers Senior Duty Manager
Craig Bellamy Duty Manager
Steve Apostolou Duty Manager
Rachelle Smith Supervisor
Emma Strandquist Supervisor
Gatsby Starkey Courtyard & Level One Supervisor
Kate Brock Functions Supervisor
Andrew Hessel Stock Controller
Indika Gajanayake Stock Controller
Judy Ramalho Membership Officer
Paul Barrow Maintenance Officer
Ros Hutchinson Welfare Officer
Hornsby RSL Club Annual Report 2018
5
President’s Report Harry Anderson
Dear Members, As President and Chairman of Directors it gives me great pleasure in presenting the Club’s 37th Annual Report. As referenced in the CEO and Treasurer reports the improvements undertaken in 2018 did impact our trading in all areas, but despite a lower profit than in recent years, Hornsby RSL Club has continued its support of our local community to record levels in the year 2018. The support of community groups, local services and charities is the very core of our business, and we look forward to continuing that level of support for many years to come. Our support for our diggers and the Hornsby RSL Sub Branch is very much in line with tradition and I wish to congratulate them for the great job they do as an organisation, not just on ANZAC Day and Remembrance Day but throughout the year. I am disappointed in the delays encountered in the dealings with our local council in regard to our Development Proposals. It seems there are always new requirements for further information which inevitably costs the Club money. Council Officials have indicated there is support for what we are trying to achieve but new hurdles keep coming. The change in property values since we introduced our plans will require new appraisals to be made on whether to proceed as planned but all cards are still on the table. Comments from visitors and several leaders in the Club Industry praising the transformation of our Club over the past few years have been
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Hornsby RSL Club Annual Report 2018
most welcome. The CEO quite rightly considers our Club to be world class, and we often receive many accolades from overseas guests about how fantastic our facilities are. Our Annual General Meeting will be held on Sunday 19 May 2019 in the Showroom starting at 11.00am sharp. After this meeting the Board will be smaller but hopefully as effective as those that have gone before. I particularly wish to thank those serving in 2018 for making my position an enjoyable experience, their diligence and cooperation have been most welcome. As in previous years, we again ask for your assistance by volunteering to be a Clerk at the Polling Booths for the 5 days leading up to our AGM. If you are able to assist, please contact Jaynie on 9485 3201 so a roster can be established. The Board and Executive Management have been charged with executing the biggest developments in Hornsby RSL Club history and balancing this against a measured and consolidated approach in our day to day business is no small task. We are lucky to have such a balanced and dedicated Board, all of whom represent the best interests of the Club and our Members, never easy when their decisions are based on the benefit of the Club as a whole and not just for a few individuals or small single interest groups. To the CEO Mario Machado for his leadership in guiding the team of 200 plus staff, Assistant CEO Steve Rigney in charge of operations,
Executive Chef James Nicholas, Jo Gilbert, Events Coordinator who has moved on to new life with her family, God Bless her, she will be missed by so many members, and all our staff, a big thank you for all your efforts in 2018. Congratulations to all our Sub-Clubs for offering ample opportunity to our members to develop special interests, in the many varied activities they offer, from indoor activities such as Billiards & Snooker, Table Tennis, Indoor Bowls, Darts, Computer, Klaverjas and Adult Dance to outdoor activities such as Football, Hockey, Swimming, Rifle, Pipe Band, Fishing and Golf. Should you be interested in joining any of our SubClubs, the contact name and telephone number for each of our Sub Clubs is advertised on our inhouse TV screens and on the Club’s website. The ongoing sense of camaraderie, the excellent spirit displayed by participating Members of these Clubs and most importantly their contribution to the continued success of the mother Club throughout the years is much appreciated, thank you. I would like to offer sincere condolences to all our Members who lost loved ones in 2018.
THE ODE OF REMEMBRANCE The Ode of Remembrance is an ode taken from Laurence Binyon's "For the Fallen", first published in September 1914 to honour the British casualities of the First World War. The Ode of Rememebrance is regularly recited at memorial services held on days commemorating World War I, such as ANZAC Day. In a long standing tradition at Hornsby RSL Club, all stand and face the west daily at 6pm and the last four lines are recited whilst we remember the fallen. They went with songs to the battle, they were young, Straight of limb, true of eyes, steady and aglow, They were staunch to the end against odds uncounted, They fell with their faces to the foe. They shall grow not old, as we that are left grow old: Age shall not weary them, nor the years condemn. At the going down of the sun and in the morning We will remember them. The line "Lest We Forget" is often added to the end of the ode, which is repeated in response by this listening. In Australia, the final line of the code, "We will remember them", is repeated in response.
In closing I would like to say a huge thank you to all our members and guests for your continued support. Harry Anderson President Hornsby RSL Club Annual Report 2018
7
Treasurer’s Report John Deane
Dear Members, It is with great pleasure I present to you the Club’s Financial Statements and Auditors Report for the year ending 31 December 2018. Overall net profit after tax for 2018 was $1,080,148 (2017 - $1,874,042), not a bad result considering the interruption to trade during 5 months of building renovations and we appreciate the continued support the Club received from its Members and visitors, particularly during that time. The Club had its properties revalued resulting in a net gain on revaluation of non-current assets of $13,274,361, shown in the annual report as other comprehensive income. The main contribution to asset value increases are changes in the Hornsby CBD Local Environmental Plan (LEP). This explains the increase in the Club’s Net Assets from $63,074,374 in 2017 to $77,426,883 in 2018. As a result of minor additional borrowings to fund the 2018 building works, the Club's debt to equity ratio (borrowings as a proportion of net assets) is 7.8% (2017 = 7.7%) which is less than the 60% limit prescribed in the Club’s Constitution. The number of Directors on the Board has been reduced from nine (9) to seven (7), as approved by members at the 2017 AGM, and the position of Treasurer will no longer exist after the 2019 AGM. Consequently, this will be my last Treasurers Report to Members. Every Director on the Board has a financial responsibility to the Club and its Members, so it could be said that we are all Treasurers of the Club.
8
Hornsby RSL Club Annual Report 2018
I have proudly represented our Members over the last 29 years and rest assured, should I be reelected again, I shall continue to diligently serve our Club, and Members in the years to come. I would like to take this opportunity to thank our Members for their continued support, our President, Mr Harry Anderson and fellow Board Members for their dedication to this Club, our CEO Mr. Mario Machado, Assistant CEO Steve Rigney, Managers and Staff of all departments and Mr. David Smith (Brigden & Partners Chartered Accountants) for their assistance during 2018. May I remind Members of their privilege of asking questions at the Annual General Meeting relevant to the Annual Report. Any such questions should be made in writing for my attention seven days prior to the meeting. Any question(s) raised without notice may need to be deferred until further detailed information is obtained in which case the answer(s) will be posted in the Club’s notice board. John Deane Treasurer
CEO’s Report Mario Machado, ACCM
Dear Members, It is my pleasure to present the Chief Executive Officer’s report to members for the year ending 31 December 2018. The Club’s Earnings Before Interest, Tax and Depreciation (EBITD) were $4,969,557, down 10.77% on the result for 2017 ($5,569,358). This result was affected by building works during 5 months of the trading year. I would like to take this opportunity to thank all of our Members for your patience and understanding during the renovations to the Frank Gill Lounge, Brew Bar, Gaming Lounge and amenities to Level 2, for having these facilities unavailable and putting up with building noise, dust and interruption to trading areas throughout a significant part of last year. Minor renovations are planned in 2019, for Level One and Grounded Café which should not result in significant interruption to business, but will improve these areas and put them on par with the overall facilities offered to our Members. The existing Club facilities would have hardly been envisaged by those founding Members when the Club first opened its doors in a small ex-army hut in 1956. We now offer premium facilities comparable, if not on par with, many other entertainment facilities not just around the country but around the world. The Club will continue to support the diggers, maintain the tradition of ANZAC and Remembrance Day’s and support our community for as long as both the State and Federal
Governments will allow our existence to continue. The Club’s contribution to the area’s economic, social and sporting infrastructure is significant. Club grants provide an opportunity for the Club to engage with the many wonderful community and charity organisations and volunteers we are lucky to have and are able to support. The Club contributed approximately $530,000 in Club Grants during the reporting period of 1st September 2017 to 31st August 2018. Hornsby Shire Council is still in the process of making a decision on the Club’s Planning Proposal (Masterplan). After receiving a positive Gateway Determination for the Planning Proposal back in June 2017, Hornsby Shire Council has requested a significant number of additional reports, some requiring research and time to complete, which have resulted in the Club having to request an extension to the Gateway Determination. The last of these reports were completed and submitted late last year and we hope a determination is made by the time of the Club’s AGM, we shall keep you informed. Once again, the traditional ANZAC Day breakfast will continue to be a ticketed event. Tickets can be purchased at Reception at a cost of $5, and will also be available on the day. All proceeds go to the Homeless Veteran Program run by RSL Life Care. If you have not yet secured your ANZACDay breakfast ticket please contact Judith at the booking office. The Club will also be fundraising on the day, with collection tins at various locations.
Hornsby RSL Club Annual Report 2018
9
CEO’s Report
The Homeless Veteran Program is a worthwhile recipient and deserves attention from all of us, so please be generous to our disadvantaged veterans.
Café Award Laxmi Sapkota Events Award Paul Turin
In December, we held our Annual Employee Awards presentation and recognised the following winners:
Managers Award Matai Koroi
Club Ambassador of the Year Matthew Wilkins
We also recognised the following employees for their length of service to the Club:
Bar Award Sid Pangeni
Anthony Torrelli Sue Ormiston Chris Chilvers Judith Ramalho Vince Walton Alma Srour Judith Lenthall Matthew Patton James Nicholas Stephen Rigney Ivory Brillas Sue Buie Amanda Enriquez James Ream Kate Brock Michael Richardson John Varley
Back of House Award Frank Tang Courtyard Award Kyreena Cooper Gaming Award Ivory Brillas Admin Award Roslyn Hutchinson Foyers Award Gary Fitzgerald Kitchen Award Amrit Khanal Level One Award Liam McShane
10 Hornsby RSL Club Annual Report 2018
30 years 20 years 20 years 20 years 20 years 15 years 15 years 15 years 15 years 10 years 10 years 10 years 10 years 10 years 10 years 10 years 10 years
I thank each and every one of our employees for their contribution to the Club’s success and for the manner in which they continue to serve our members, three hundred and sixty five (365) days of the year. It is a great honour for me to work alongside such a team of dedicated staff.
I would like to acknowledge the President, Harry Anderson and the Board of Directors for their support, assistance and professionalism throughout the Year. Your Directors genuinely have the best interests of the Club and our thirty one thousand Members at the forefront of their decision making process. They also give a lot of their personal time to this Club, at the expense of their families, so I would like to especially thank their partners and families for the patience and support they provide.
CLUB SUSTAINABILITY For more information on how your Club is reducing its carbon footprint with sustainable practices, visit www.hornsbyrsl.com.au
Our sincere condolences to all the families of deceased Members during 2018. In closing, a sincere thank you to all members for their continued support and loyalty. I look forward to seeing you around the Club. Mario Machado Chief Executive Officer
Hornsby RSL Club Annual Report 2018
11
Notice of Election
FOR THE BOARD OF DIRECTORS 2019 Nominations for three (3) positions on the Board of Directors shall open Monday 29th April 2019 and shall close 7.00pm Saturday 11th May 2019. Nominations must be in the hands of the CEO by 7.00pm Saturday 11th May 2019. Under the triennial rule, there are three (3) positions to be filled and Directors are elected for a three (3) year term. In accordance with the amendments to the Club’s Constitution in 2017, the total number of Directors comprising the Board with effect from this year’s Annual General Meeting is reduced from nine (9) to seven (7) Directors. Under the Club’s Constitution the following requirements shall be observed in connection with the election of Directors. (a) Every candidate for election as a Director must qualify under Rule 25 of the Club’s Constitution (available on the Club’s website and from the Membership office). (b) Nominations for election must be in writing on the Board Election Nomination Form signed by one Ordinary Member and or Life Member as nominator and signed by another Ordinary Member or Life Member as seconder and signed by the nominee as indicating his or her consent to the nominations.
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Hornsby RSL Club Annual Report 2018
Board Election Nomination Forms and Statutory Declaration Forms can be obtained from CEO’s office during office hours. Arrangements can also be made to obtain these forms outside office hours. (Contact Jaynie Novotny on 9485 3201 or email jnovotny@hornsbyrsl.com.au). Candidates must complete the Board Election Nomination Form and also complete the Board Election Nominee Statutory Declaration, and once completed, both forms must be lodged with the CEO’s Office, at which time the candidate must furnish proof of their membership of the Club. Board Election Nomination Form and Board Election Nominee Statutory Declaration Form, must be lodged with the CEO’s Office no later than 7.00pm, Saturday 11th May 2019. Forms will not be accepted after this time. The CEO will arrange a photographer to take suitable photographs of candidates for the Board of Directors. Candidates may arrange their own suitable photograph for publication and submit same with brief resume to CEO’s office by 7.00 pm, Saturday 11th May 2019. All candidates photographs must be the same size. Personal details typed on same size form as photograph with only relevant details pertinent to their interests in the Club. All resumes to be typed by CEO’s EA in same format prior to 7.00pm, Saturday 11th May 2019. Relevant details will be in same order for each candidate:
i.e. Name Date of Joining Club Date of Birth Occupation In case of a sitting Director, history of activities whilst a Director of the Club. Candidate’s resumes limited to 100 words. Nominations including the name of each candidate and his/her proposer and seconder, will be posted on the Club’s notice board by the CEO. Any person who nominates for election as a Club Director will be required to attend a pre-election mandatory course of instruction for candidates to the Board.
Mandatory course of instruction for candidates to the Board will take place on Tuesday 7th May 2019 at 6.00pm and Friday 10th May 2019 at 6.00pm in the Boardroom. In accordance with the Club’s Constitution in order to be eligible for the election candidates must attend this course on one of these dates. VOTING TIMES Monday 13th May 2019 12.00 pm to 8.00 pm Tuesday 14th May 2019 12.00 pm to 8.00 pm Wednesday 15th May 2019 12.00 pm to 8.00 pm Thursday 16th May 2019 12.00 pm to 8.00 pm Friday 17th May 2019 12.00 pm to 8.00 pm
WANTED - VOLUNTEER POLLING CLERKS Voting for the 2019 Board of Directors will be held at the Club from: Monday 13th May until Saturday 18th May, 2019. Voting begins at 12 noon Monday to Friday and 4.00pm on Saturday.
Saturday 18th May 2019 4.00 pm to 8.00 pm Returning Officer, John Wright, has been appointed and will supervise the conduct of the ballot and determine the result, which will be declared at the Annual General Meeting on Sunday 19th May 2019 at the appropriate time on the agenda. For further information, Members attention is drawn to the Club’s Constitution and By-Laws.
If you are able to assist as a Clerk, please contact Jaynie on 9485 3201 or jnovotny@hornsbyrsl.com.au
Hornsby RSL Club Annual Report 2018
13
37th Annual General Meeting
Sunday 19th May 2019 at 11am In the Club's Showroom 4 High St, Hornsby 2077 Members attending will be required to present their current membership card on entering the meeting.
AGENDA Declare meeting open with one minute's silence. 1. Announcement of quorum. 2. Apologies 3. Confirmation of Minutes of Annual General Meeting of Members of Hornsby RSL Club Limited held 6 May 2018. 4. To receive and consider the Audited Financial Report of Hornsby RSL Club Limited for year ended 31 December 2018. 5. To receive and consider reports of Board of Directors and Auditor. 6. Declaration of Ballot for the election of Directors. 7. To consider and, if thought fit, to pass the following three (3) ordinary resolutions, namely: ORDINARY RESOLUTION NUMBER 1 (a) That the President be paid an honorarium in respect of his or her services as a member of the
14 Hornsby RSL Club Annual Report 2018
Board of Directors at the monthly rate of $1,000 (plus Superannuation Guarantee Levy where applicable). Such honorarium is payable in arrears, and prorated on a daily basis for any broken period of less than a calendar month at the start or end of their term of office commencing on the date of this resolution and ending on the date of the next Annual General Meeting of the Club; and Explanatory Note – Ordinary Resolution: Presidents Honorarium: The amount of the proposed honorarium is unchanged from last year’s honorarium. That each Director be paid an honorarium in respect of his or her services as a member of the Board of Directors at the monthly rate of $666.66 (plus Superannuation Guarantee Levy where applicable) payable in arrears, and prorated on a daily basis for any broken period of less than a calendar month at the start or end of their term of office commencing on the date of this resolution and ending at the latest on the date of the next Annual General Meeting of the Club. Explanatory Note – Ordinary Resolution: Directors Honorarium: The amount of the proposed honorariums is unchanged from last year's honorariums. ORDINARY RESOLUTION NUMBER 2 That Members hereby approve that until the next Annual General Meeting, members of the Board receive such of the following benefits and advantages, (being benefits and advantages not offered equally to every Full Member of the Club)
as the Board shall from time to time approve: (a) The provision to each member of the Board, as required from time to time and at the expense of the Club, a Directors Club Uniform, to be worn when attending to or carrying out his or her duties as a member of the Board whether at the premises of the Club or otherwise. (b) The provision to members of the Board of one car parking space each in that part of the Club’s carpark as the Board shall from time to time resolve to set aside for use by Members of the Board. (c) Reasonable expenditure for Directors to undertake training and education including but not limited to compulsory training, industry related meetings, organised study tours, seminars, trade displays etc as may be determined by the Board provided all expenditure is supported by documentary evidence. (d) The provision to members of the Board of a free meal and refreshment, at a reasonable cost to the Club, on the day of attendance at Board Meetings, Finance Meetings and other Committee Meetings. ORDINARY RESOLUTION NUMBER 3 That until the next Annual General Meeting, the Members approve that eligible Members may receive such of the following benefits (which are not offered equally to every Full Member of the Club) as the Board shall from time to time approve:
a. The expenditure by the Club of reasonable sums in payment of the costs of holding functions on the Club’s premises to celebrate certain occasions, including but not limited to the Life Members’ Dinner. b. The provision to Life Members of one monthly free meal and refreshment, at a reasonable cost to the Club. c. The provision to Life Members of car parking spaces in that part of the Club’s carpark as the Board shall from time to time resolve to set aside for use by Life Members. d. The provision of membership of the Club to Members of the Hornsby Branch of the Returned and Services League of Australia, for a reduced fee. 8. To consider and, if thought fit, to pass the following special resolution: The Special Resolution is to be read in conjunction with the notes to Members set out below. That the Constitution of Hornsby RSL Club Limited be amended as follows by: (a) deleting Rule 26.1A and in its place inserting the following new Rule 26.1A: “26.1A The positions of President and Vice President shall be determined by the directors from among their number at the first Board meeting following the Annual General Meeting each year. The Board shall use such procedure as it considers fit to determine these positions.”
Hornsby RSL Club Annual Report 2018
15
37th Annual General Meeting
(b) deleting Rule 28.12 and the heading “FINANCE COMMITTEE” and by renumbering Rules 28.13 through to 28.22 as Rules 28.12 through to Rule 28.21
to other Rules of the Club consistent with this reduced number of elected Directors and office bearers where those other Rules still refer to a Senior Vice President and/or a Treasurer.
(c) deleting Rules 35.16 and 35.17 and in their place inserting the following new Rules 35.16 and 35.17:
3. If passed, the Special Resolution will also remove the Finance Committee from the Constitution.
“35.16 If the President is not present or is unwilling or unable to act then the Vice President shall preside as chairperson of the meeting. 35.17 If both the President and Vice President are not present or unwilling or unable to act then the Members of the Club present shall elect a member of the Board to preside as chairperson of the meeting.” NOTES TO MEMBERS ON SPECIAL RESOLUTION 1. In 2018 the Members passed a Special Resolution to amend the Constitution by inserting Rule 25.1 which (among other things) was to the effect that from the Annual General Meeting in 2019 the Board shall be reduced from a Board of 9 Directors to a Board of 7 Directors comprising a President, a Vice President and 5 Ordinary Directors all of whom are elected Directors. The Board also was given the power to appoint up to 2 Directors each with a term of no more than 3 years. This power of appointment arises from Regulation 31 of the Registered Clubs Regulation 2015 and the Registered Clubs Act. 2. If passed, the further Special Resolution set out above will make consequential amendments
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4. This is not to say that the Board will not create specific committees to deal with financial matters as the need arises from time to time but for the most part the finances of the Club will be monitored by the full Board of 7 Directors. 5. To be passed, the Special Resolution requires votes from not less than three quarters of those Members who being eligible to do so vote in person on the Special Resolution at the Annual General Meeting. 6. Life Members and Ordinary Members are the only classes of Members eligible to vote on the Special Resolution. 7. Under the Registered Clubs Act: (a) Members who are employees of the Club are not entitled to vote. (b) proxy voting is prohibited. 8. Amendments to the Special Resolution (other than minor typographical corrections which do not change the substance or effect of the Special Resolution) will not be permitted from the floor of the meeting. 9. The Board of the Club recommends the Special Resolution to Members.
9. Resolutions for Life Membership: That Life Membership of Hornsby RSL Club Limited be conferred on Mr Stan Bowman.
10. General Business Dated: 6th March 2019 By direction of the Board
Moved - Mr John Deane Seconded - Mr Robert Kennerley NOTES TO MEMBERS ON RESOLUTION FOR LIFE MEMBERSHIP 1. Under the Club’s Constitution, Life Membership can be conferred on any ordinary Member who has been a Member of the Club for ten (10) years and who has provided outstanding service to the Club.
Mario Machado Chief Executive Officer
2. A candidate for Life Membership must be proposed by one and seconded by another full Member of the Club and must be submitted to the Board for approval. 3. Following receipt of a nomination for Life Membership proposed and seconded by two full Members. The Board has approved the nomination for membership of Mr Stan Bowman. 4. To be passed, the Resolution for Life Membership requires votes in its favour from a simple majority of Members present and voting at the meeting. 5. A Life Member is relieved from the payment of an annual subscription.
Hornsby RSL Club Annual Report 2018
17
Annual Financial Report
DIRECTORS REPORT Your Directors have pleasure in submitting to Members their annual report on the Hornsby RSL Club Limited (the Club) covering year ended 31 December 2018. OPERATIONS The principal activity of the Club is the operation of licensed premises, including the provision of sporting, social and entertainment activities for Members of the Club. The income from those activities is directed towards the improvement and maintenance of the Club’s facilities and the promotion of the social welfare of Members including affiliated sub-clubs. There were no significant changes to this activity during the financial year. The short-term objectives of the Club are to achieve excellence in serving our community by providing exceptional customer service and first-class facilities; reduce debt and implement revenue diversification strategies to reduce its reliance on gaming and ensure long-term financial sustainability. The long-term objectives of the Club are to maintain the ANZAC tradition and support the RSL movement, support our affiliated Sub Clubs, charities and community organisations, and continually provide premium recreational and leisure facilities in order to remain relevant to our Members and the local community.
The strategy for achieving these objectives is to remain financially viable by adopting prudent financial management, whilst incorporating best practice corporate governance standards. Measurement of performance: The Club measures its overall performance from the implementation of its mission statement and strategic plan through the performance of the Club against financial budgets, operating plans and by benchmarking identified key performance indicators (KPIs) against industry best practice. The Board of Directors meet monthly to review and evaluate the Clubs operating and financial performance and the Board meets a minimum of twice per year to review and monitor the Club’s strategic plan. DIRECTORS' PARTICULARS Harry Anderson President, Director 14 Years Committees – Finance, Building, Investigating/ Discipline, Remuneration/Audit and Sports Convenor Michael Brodie Senior Vice President, Director 25 Years, Life Member Committees – Finance, Investigating/Discipline and Remuneration/Audit Robert Kennerley Vice President, Director 4 Years Committees – Finance, Remuneration/Audit and Investigating/Discipline
Hornsby RSL Club Annual Report 2018
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Annual Financial Report
John Deane Treasurer, Director 29 Years, Life Member, JP Committees – Finance, Building, Investigating/ Discipline and Remuneration/Audit Norm Bakker Director 14 Years Committees – Investigating/Discipline Denis Dempsey Director 6 Years Committees – Building and Investigating/ Discipline Terence Clarke Director 2 Years Committees – Investigating/Discipline, Sports Secretary
DIRECTORS MEETINGS During the financial year there were 15 meetings of the Board of Directors, and each Director’s attendance at those meetings was as follows: DIRECTORS
H. Anderson M. Brodie R. Kennerley J. Deane N. Bakker D. Dempsey T. Clarke M. Dowel* C. Bourke**
ELIGIBLE TO ATTEND
MEETINGS ATTENDED
15 15 15 15 15 15 15 15 5
14 13 13 13 11 14 13 13 5
*Resigned effective 24th April 2019 Mark Dowel Director 3 Years, resigned effective 24 April 2019 Committees – Building and Investigating/ Discipline Colin Bourke Former President, Director 21 Years, Life Member Resigned 9 May 2018
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**Resigned 9th May 2018 MEMBERSHIP LIABILITY The Club is incorporated under the Corporation Act 2001 and is a company limited by guarantee. If the Club is wound up, the constitution states that each Member is required to contribute $2.00 towards meeting the outstanding obligations of the Club. Further details of this liability can be found at Note 22 of the financial statements.
AUDITOR'S INDEPENDENCE DECLARATION The lead auditor’s independence declaration for the year ended 31 December 2018 has been received and is included with the financial report. Made and signed in accordance with a resolution of the Board of Directors on 27 February 2019. Harry Anderson - Director John Deane – Director This declaration is made under Section 307C of the Corporations Act 2001 to the Directors of Hornsby RSL Club Limited. As lead auditor of Hornsby RSL Club Limited, I declare that, to the best of my knowledge and belief, during the year ended 31 December 2018 there has been: (a) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and (b) no contraventions of any applicable code of professional conduct in relation to the audit.
David Smith - Director BRIGDEN & PARTNERS PTY LTD CHARTERED ACCOUNTANTS HORNSBY – 27 February 2019
Hornsby RSL Club Annual Report 2018
21
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2018 2018 ($)
2017 ($)
3,319,116
3,399,871
NOTES CURRENT ASSETS Cash and cash equivalents
4
Trade and other receivables
5
307,370
188,564
Inventories
6
491,794
520,310
Other current assets
7
218,789
203,271
4,337,069
4,312,016
8
86,839,840
71,695,034
9
1,956,224
1,659,618
10
254,206
256,213
TOTAL NON-CURRENT ASSETS
89,050,270
73,610,865
TOTAL ASSETS
93,387,339
77,922,881
11
1,713,000
1,812,579
Financial liabilities
12
2,362,541
1,527,351
Employee benefit liabilities
13
1,413,013
714,502
Other current liabilities
15
TOTAL CURRENT ASSETS NON-CURRENT ASSETS Property, plant & equipment Intangible assets Deferred tax assets
CURRENT LIABILITIES Trade and other payables
TOTAL CURRENT LIABILITIES
144,592
131,498
5,633,146
4,185,930
3,563,000
3,323,699
NON-CURRENT LIABILITIES Financial liabilities
12
Employee benefit liabilities
13
152,079
781,294
Deferred tax liabilities
14
6,394,141
6,394,141
Other non-current liabilities
15
216,090
163,443
TOTAL NON-CURRENT LIABILITIES
10,325,310
10,662,577
TOTAL LIABILITIES
15,958,456
14,848,507
NET ASSETS
77,428,883
63,074,374
Accumulated Funds
40,815,449
39,718,101
Asset Revaluation Reserve
36,552,034
23,277,673
61,400
78,600
TOTAL MEMBERS FUNDS
77,428,883
63,074,374
Total Liabilities & Members Funds
93,387,339
77,922,881
MEMBERS FUNDS
Members Benefit Fund
22
The accompanying notes form part of these financial statements
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2018 NOTES
2018 ($)
2017 ($)
Sale of goods - food & beverages
10,438,627
10,108,196
Gaming & provision of other services
21,500,845
21,298,974
Revenue:
Membership subscriptions
184,943
181,982
Other income
248,135
231,896
32,372,550
31,821,048
Cost of goods sold
4,356,126
4,241,268
Employee benefit expenses
11,339,612
10,700,058
Marketing & entertainment
2,266,673
2,241,966
Poker machine gaming tax
4,976,375
4,927,887
Total Revenue and Other Income Expenses:
Poker machine monitoring fees Property & maintenance Security expenses Welfare, ClubGrants & Sub-Clubs Other expenses Earnings before Interest & Depreciation Interest Income Finance costs
213,821
206,733
2,473,598
2,226,268
391,913
405,037
263,890
284,554
1,120,985
1,017,919
27,402,993
26,251,690
4,969,557
5,569,358
17,251
22,605
2
(257,849)
(231,962)
Depreciation & amortisation
2
(3,646,804)
(3,460,944)
Net Profit before income tax
2
1,082,155
1,899,057
Income tax expense (benefit)
3
2,007
25,015
1,080,148
1,874,042
13,274,361
0
13,274,361
0
14,354,509
1,874,042
Net profit for the year Other Comprehensive Income Net gain on revaluation of non-current assets Total other comprehensive income for the year Total comprehensive income attributable to members of the entity
8
The accompanying notes form part of these financial statements
23
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2018 ACCUMULATED FUNDS
Balance as at 31 December 2016
ASSET REVALUATION RESERVE (A)
MEMBERS BENEFIT FUND (B)
TOTAL
37,835,059
23,277,673
87,600
61,200,332
1,874,042
0
0
1,874,042
- for payment of death benefits
7,900
0
(7,900)
0
- to reflect non-renewing members
1,100
0
(1,100)
0
39,718,101
23,277,673
78,600
63,074,374
1,080,148
0
0
1,080,148
Net profit (loss) attributable to members of the entity Transfer from members benefit fund:
Balance as at 31 December 2017 Net profit (loss) attributable to members of the entity Transfer from members benefit fund: - for payment of death benefits - to reflect non-renewing members Revaluation surplus (loss) Balance as at 31 December 2018
5,100
0
(5,100)
0
12,100
0
(12,100)
0
0
13,274,361
0
13,274,361
40,815,449
36,552,034
61,400
77,428,883
(a) Asset Revaluation Reserve The asset revaluation reserve records revaluations of non-current assets. Generally the balance in the reserve will reflect the after tax unrealised gain on non-current assets. The Club's land and buildings were revalued as at 31 December 2018. (b) Members Benefit Fund The members benefit fund is an amount set aside for the payment of funeral benefits to eligible members. The payment of this benefit is at the discretion of the Directors, and at balance date there were 22 members eligible for a $500 benefit and 168 eligible for a $300 benefit.
24
The accompanying notes form part of these financial statements
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2018 2018 ($)
NOTES
2017 ($)
Cash Flows From Operations Receipts from members & guests
35,556,740
34,934,323
(30,657,533)
(29,552,894)
Interest received
17,251
22,605
Financing costs paid
(267,138)
(233,378)
Payments to suppliers & employees
Net Operating Cash Flows
18
4,649,320
5,170,656
Cash Flows From Investments
Asset purchases:
- Furniture, plant & equipment
(3,172,224)
(2,888,386)
- Land & building additions/renovations
(2,345,025)
(518,029)
(296,606)
0
- Gaming machine entitlements Net Investment Cash Flows
(5,813,855)
Cash Flows From Financing
(3,406,415)
Asset finance borrowings
1,108,990
892,325
Asset finance repayments
(948,894)
(978,098)
Borrowings received
1,423,684
0
Repayment of borrowings
(500,000)
(1,272,728)
Net Financing Cash Flows
1,083,780
Net Surplus/(Deficit) in Cash Flows Cash at the Beginning of the Year Cash at Year End
18
(1,358,501)
(80,755)
405,740
3,399,871
2,994,131
3,319,116
3,399,871
The accompanying notes form part of these financial statements
25
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
The financial report is for Hornsby RSL Club Ltd (“the Company/Club”) as an individual entity for the year ended 31 December 2018, and was authorised for issue in accordance with a resolution of the directors on 27 February 2019. The Club is a company limited by guarantee, incorporated and domiciled in Australia. The Club is a not-for-profit entity for financial reporting purposes under the Australian Accounting Standards. The Club’s registered office and business address is 4 High Street Hornsby NSW 2077.
1. SUMMARY OF ACCOUNTING POLICIES BASIS OF PREPARATION The financial statements are a general purpose financial report and have been prepared in accordance with Australian Accounting Standards – Reduced Disclosure Requirements (RDR) (including Australian Accounting Interpretations) and the Corporations Act 2001. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless otherwise stated. The financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs, modified, where applicable by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar. 26 Hornsby RSL Club Annual Report 2018
The financial report has been prepared on a going concern basis, which contemplates continuity of normal business activities, and the realisation of assets and settlement of liabilities in the ordinary course of business. The Directors considered the profitability, liquidity and solvency of the Club and have concluded that the use of the going concern assumption in the preparation of the financial report is appropriate. ACCOUNTING POLICIES (a) Revenue - Revenue is recognised in the accounts from the sale of goods and services upon delivery of the goods and services. Revenue is measured based on the cash or cash equivalent consideration received, after deducting discounts. Redemption of member loyalty reward points for Club products and services is treated as revenue. Interest revenue is recognised on an accruals basis in the period it is derived. (b) Goods & Service Tax (GST) - Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of expense. Receivables and payables in the statement of financial position are shown inclusive of GST. Cash flows are presented in the statement of cash flows on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows. (c) Cash and Cash Equivalents - Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
borrowings in current liabilities on the statement of financial position.
amount of the asset and the net amount is restated to the revalued amount of the asset.
(d) Trade and Other Receivables - Trade and other receivables represent the principal amounts due at balance date less where applicable a provision for doubtful debts. These accounts are generally non-interest bearing on 30-day terms, and are treated as current assets. A provision for doubtful debt is recognised when there is objective evidence that an account is impaired.
Plant and equipment are measured on the cost basis less accumulated depreciation and impairment losses.
(e) Inventories - Inventories are measured at the lower of cost or net realisable value. (f) Property, Plant and Equipment, and Depreciation - Each class of property, plant and equipment is carried at cost or fair values as indicated, less, where applicable, accumulated depreciation and impairment losses. Freehold land and buildings are shown at their fair value based on periodic valuations by an independent valuer, less subsequent depreciation for buildings and accumulated impairment. In periods when the freehold land and buildings are not subject to an independent valuation, the Directors assess whether the carrying values for the land and buildings are materially different to the fair value. Increases in the carrying amount arising on revaluation of land and buildings are recognised in other comprehensive income and accumulated in the revaluation reserve in Members’ equity. Revaluation decreases that offset previous increases of the same class of assets shall be recognised in other comprehensive income under the heading of revaluation gain/loss. All other decreases are charged to the statement of comprehensive income. Any accumulated depreciation at the date of the revaluation is eliminated against the gross carrying
The carrying amount of plant and equipment is reviewed annually by Directors to ensure it is not more than the recoverable amount from these assets. The recoverable amount is assessed based on the expected net cash flows that will be received from the assets employment and subsequent disposal. The expected net cash flows have been discounted to their present values in determining recoverable amounts. Depreciation The depreciable amount of all fixed assets including buildings and capitalised lease assets, but excluding freehold land, is depreciated on a straight-line basis over the asset's useful life to the entity commencing from the time the asset is held ready for use. The depreciable amount of buildings includes revaluations where applicable. Depreciation rates: Buildings 2.5% Plant & Equipment 10-25% Poker machines 25% (g) Intangibles - Gaming machine entitlements are initially recognised at their acquisition cost. Entitlements acquired or granted for no cost are not brought to account. Entitlements have an indefinite life and so their costs are not amortised. The carrying value is assessed annually for impairment. (h) Financial Instruments - Financial instruments are accounted for in accordance with AASB139: Financial Instruments – Measurement and Recognition.
Hornsby RSL Club Annual Report 2018
27
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
Broadly, financial assets and financial liabilities are recognised when the entity becomes a party to the contractual provisions to the instrument. For financial assets, this is equivalent to the date that the Company commits itself to either purchase or sell the asset (ie trade date accounting is adopted). Financial instruments are initially measured at fair value plus transactions costs except where the instrument is classified “at fair value through profit or loss” in which case transaction costs are expensed to profit or loss immediately. (i) Impairment of Assets - At each reporting date the Club reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such indication exists, then the recoverable amount of the asset is compared to the carrying value, and any excess in carrying value over the recoverable amount is expensed to the statement of comprehensive income. Where the future economic benefits of the asset are not primarily dependent upon the asset's ability to generate net cash inflows and when the entity would, if deprived of the asset, replace its remaining future economic benefits, value in use is determined as the depreciated replacement cost of an asset. (j) Trade and Other Payables - Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period, which remain unpaid. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability. (k) Employees' Benefits - Provision has been made for long service leave and annual leave in accordance with statutory requirements, based on pro rata entitlement on the wage and salary
28
Hornsby RSL Club Annual Report 2018
levels, including salary on-costs, of employees at reporting date. The long service leave provision applies only to those employees who have completed at least five years’ service with the Club, which is based on experience of staff turnover. The amounts attributable to employees with at least ten years’ service is shown as a current liability, and the balance is shown as a non-current liability Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee benefits that are payable later than one year have been calculated using a nominal value basis rather than the standards based present value of future cash flows method, however the result under each of these methods is not materially different. Superannuation contributions are made to an employee superannuation fund and charged as expenses in the period in which they are incurred. (l) Income Tax - Income tax expense for the year comprises current income tax expense and deferred income tax expense. Current income tax expense charged to the profit and loss is tax payable on taxable income calculated using current tax rates as at reporting date. Current tax liabilities are therefore the amounts expected to be paid in the forthcoming financial year. Deferred income tax expense reflects movements in the deferred tax asset and deferred tax liability balances during the year as well as where applicable unused tax losses. Deferred tax assets and liabilities are ascertained based on temporary differences between the tax bases of assets and liabilities and their carrying amount in the financial statements.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
Deferred tax assets arising from deductible temporary differences and unused tax losses are recognised only to the extent that it is probable that future taxable profit will be available against which the deferred tax assets can be utilised. The Club is a non-profit entity and can apply the “principle of mutuality” whereby net income derived from Members is exempt from income tax. (m) Current versus Non-Current Classification - The Club presents assets and liabilities in the statement of financial position based on current/ non-current classification. An asset is current when it is: expected to be realised, sold or consumed in the normal operating cycle; held for the purpose of trading; expected to be realised within twelve months after reporting date; or cash or cash equivalent. All other assets are classified as non-current. A liability is current when it is expected to be settled in the normal operating cycle; held primarily for trading; due to be settled within twelve months after the reporting date; or there is no unconditional right to defer settlement of the liability for at least twelve months after reporting date. All other liabilities are classified as noncurrent. (n) Comparative Figures - Where required by Accounting Standards comparative figures have been adjusted to conform with changes in presentation for the current financial year. When an entity applies an accounting policy retrospectively, makes a retrospective restatement or reclassifies items in its financial statements, a statement of financial position as at the beginning of the earliest comparative period must be disclosed.
(o) Significant Accounting Estimates, Judgements and Assumptions - The directors evaluate estimates, judgments and assumptions incorporated into the financial statements based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the company. The Directors review these key estimates, assumptions and judgements annually. The key estimates used are: (1) Useful lives of fixed assets are estimated to calculate depreciation rates. (2) Future cash flows are estimated to calculate net present values for impairment calculations and for long-term liabilities. (3) Member loyalty program liability for points redemption. (p) Changes in accounting policies, disclosures, standards and interpretations - During the current year the company adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. (q) Changes in Accounting Policies, Disclosures, Standards and Interpretations - During the current year the company adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. The new or amended Australian Accounting Standards that apply for the first time in this financial year do not have a significant impact of the disclosures in the Club’s financial statements or the measurement of the Club’s revenue, expenses, assets and liabilities.
Hornsby RSL Club Annual Report 2018
29
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2. PROFIT FOR THE YEAR 2018 ($)
2017 ($)
The following specific items are included in the net profit for the year: (a) Finance costs: - Bank interest - Hire purchase charges
161,563
147,211
96,286
84,751
257,849
231,962
(b) Depreciation: - buildings - gaming equipment - other plant & equipment - loss on disposal of fixed assets
958,896
974,871
1,707,795
1,639,664
957,897
846,410
22,216
0
3,646,804
3,460,944
30,480
30,480
893,331
886,787
(c) Other Specific Expenses Operating lease expenses Employee benefits: - defined contribution superannuation plans 3. INCOME TAX EXPENSE (BENEFIT) The Club is a non-profit entity for income tax purposes and is able to apply the "principle of mutuality" whereby income derived from Club Members is exempt from income tax. Prima facie tax expense (benefit) on Net Profit after adjusting for mutual net income and other permanent tax differences, at the corporate tax rate of 30% is:
2,007
25,015
Current tax expense (benefit) Deferred tax asset - decrease (increase)
0 2,007 2,007
0 25,015 25,015
30 Hornsby RSL Club Annual Report 2018
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($)
2017 ($)
2,317,914
1,779,816
1,001,202
1,620,055
3,319,116
3,399,871
Trade debtors
207,059
178,155
Sundry debtors
100,311
10,409
307,370
188,564
491,794
520,310
491,794
520,310
218,789
203,271
218,789
203,271
68,000,000
57,700,000
246,924
0
4. CASH AND CASH EQUIVALENTS Cash at bank and in hand Cash on short-term deposit
5. TRADE AND OTHER RECEIVABLES
6. INVENTORIES Bar & catering stock, at cost
7. OTHER CURRENT ASSETS Prepayments
8. PROPERTY, PLANT AND EQUIPMENT Freehold land & buildings, at fair value Clubhouse & carpark: At independent valuation - 2018 Additions & renovations Capital works in progress - at cost Less: Accumulated depreciation
76,955
803,537
68,323,879
58,503,537
(485,400)
(1,875,693)
67,838,479
56,627,844
8,750,000
7,625,000
Other properties: At independent valuation - 2019 Total Land & Buildings
8,750,000
7,625,000
76,588,479
64,252,844
Hornsby RSL Club Annual Report 2018
31
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($) Plant and equipment, furniture and fittings:
2017 ($)
18,277,504
14,957,139
(12,178,474)
(11,220,293)
6,099,030
3,736,846
At cost
13,468,479
12,448,928
Less: Accumulated depreciation
(9,316,148)
(8,743,584)
4,152,331
3,705,344
Total Property, Plant & Equipment
86,839,840
71,695,034
At cost Less: Accumulated depreciation Gaming machines :
The freehold land and buildings were independently valued by Global Valuation Services Pty Ltd on 30 June 2018 and the Directors made the decision to use that valuation as the fair value of the Club's land and buildings as at 31 December 2018. The valuation model is based on fair value of the land plus depreciated replacement cost of the buildings. The critical assumptions adopted in determining the valuation were the location, zoning and use of the land and buildings, and comparative recent property sales in the area. The Directors have reviewed the key assumptions made by the independent valuers. They concluded that these assumptions remain materially unchanged, and are satisfied that the carrying values do not exceed the recoverable amount of the land and buildings. Accordingly there were no impairment losses recognised this financial year. Reconciliation of Carrying Values Land & Buildings Carrying value at start of year Additions
32
64,252,844
64,709,686
2,617,841
518,029
Revaluations
13,274,361
0
Depreciation
(958,896)
(974,871)
Other movements - transfer to Plant & Equip
(2,597,671)
0
Carrying value at year end
76,588,479
64,252,844
Hornsby RSL Club Annual Report 2018
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($)
2017 ($)
Plant & Equipment Carrying value at start of year
3,736,846
3,817,724
Additions
722,410
781,485
Disposals
0
(15,953)
(957,897)
(846,410)
Depreciation Other movements - transfer from Renovations Carrying value at year end
2,597,671
0
6,099,030
3,736,846
Gaming Machines Carrying value at start of year
3,705,344
3,222,153
Additions
2,177,406
2,165,490
Disposals Depreciation Carrying value at year end Total Carrying Value
(22,624)
(2,635)
(1,707,795
(1,639,664)
4,152,331
3,705,344
86,839,840
71,695,034
33,318,393
33,849,261
59,310,274
47,319,306
2,236,822
2,124,027
61,547,096
49,443,333
Carrying value under the cost model of assets at fair value: - Freehold land & buildings The carrying amount of assets pledged as security are: - Freehold land & buildings - Gaming machines & equipment
Core Properties Pursuant to section 41J of the Registered Clubs Act 1976, the following properties that are owned by the Club are core properties: 4 High Street, Hornsby
Hornsby RSL Club Annual Report 2018
33
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
The following properties owned by the Club are non-core properties: 2-5 William Street, Hornsby 7-17 Ashley Street, Hornsby
2 Ashley Lane, Hornsby 2-4 Webb Avenue, Hornsby
19 Ashley Street, Hornsby 2018 ($)
2017 ($)
1,956,224
1,659,618
1,956,224
1,659,618
1,659,618
1,659,618
9. INTANGIBLE ASSETS Gaming machine entitlements, at cost
Carrying value at start of year Additions Carrying value at year end
296,606
0
1,956,224
1,659,618
10. DEFERRED TAX ASSETS Opening balance
256,213
281,228
Net movement
(2,007)
(25,015)
Closing balance
254,206
256,213
1,713,000
1,812,579
1,713,000
1,812,579
11. TRADE AND OTHER PAYABLES Trade creditors & accruals
12. FINANCIAL LIABILITIES Current -
Commercial bank bills
0
693,182
Less: Discount amount
0
(6,479)
0
686,703
Bank loan Hire purchase liability Deferred HP charges
1,500,000
0
944,254
912,113
(81,713)
(71,465)
2,362,541
1,527,351
0
2,554,025
0
2,554,025
Non-Current Commercial bank bills
34 Hornsby RSL Club Annual Report 2018
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($)
2017 ($)
2,670,891
0
Hire purchase liability
934,462
806,507
Deferred HP charges
(42,353)
(36,833)
3,563,000
3,323,699
5,925,541
4,851,050
Bank loan
Total Borrowings
The bank overdraft, bank loan facility, commercial bank bills and bank guarantees are all secured by a first registered mortgage over real property located at 4 High Street Hornsby and a first registered equitable mortgage over the whole of the company's assets and undertakings. A new Market Rate Loan facility commenced on 16 March 2018 with a maturity date of 16 March 2021. The facility limit is $4,500,000. The facility includes an EBITDA Covenant whereby the earnings before interest, tax, depreciation and amortisation for each reporting period be not less than $3,200,000. The facility requires quarterly principal repayments of $375,000 commencing on 18 March 2019. The Club has an equipment finance facility of $2,500,000 which expires on 23 March 2019, and is generally renewed annually. Equipment purchased using this facility are subject to a specific security agreement, whereby the Club has granted a security interest to the specific equipment purchased. The facility is not secured by mortgage. The weight average interest rates on the bank bill and hire purchase facilities are: Loan facility 3.96% Asset purchase finance facilities 6.03% The proportion of borrowings to net tangible assets at year end was 7.8% which is less than the 60% limit prescribed in the Club's constitution. 13. EMPLOYEE BENEFITS LIABILITIES Accrued annual leave
769,314
Long service leave
795,778
781,294
1,565,092
1,495,796
1,413,013
714,502
714,502
Represented by: Current liability Non-current liability
152,079
781,294
1,565,092
1,495,796
Hornsby RSL Club Annual Report 2018
35
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($)
2017 ($)
14. TAX LIABILITIES Non-Current Provision for deferred tax liabilites
6,394,141
6,394,141
Current - Income received in advance
144,592
131,498
Non-Current - Income received in advance
216,090
163,443
100,000
100,000
95,127
111,518
0
0
- Building costs
0
2,088,000
- Plant and equipment purchases
0
66,400
0
2,154,400
0
2,154,400
0
2,154,400
15. OTHER LIABILITIES
16. CONTINGENT LIABILITIES (a) Bank guarantees (b) Gaming machine jackpots (c) Legal liabilities There are no other material legal matters pending against the Club. 17. CAPITAL AND LEASING COMMITMENTS (a) Capital Expenditure Commitments Capital expenditure commitments contracted for:
Payable - within 1 year
(b) Finance Leasing Commitments There are no finance lease commitments.
36 Hornsby RSL Club Annual Report 2018
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($)
2017 ($)
(c) Operating Lease Commitments Non-cancellable operating leases contracted for but not capitalised in the financial statements: 30,480
30,480
- within 1 year
59,540
90,020
- between 1 and 5 years
90,020
120,500
944,254
912,113
Payable
Total Commitment (d) Hire Purchase Commitments Payable - within 1 year - between 1 and 5 years
934,462
806,507
1,878,716
1,718,620
1,080,148
1,874,042
3,646,804
3,460,944
18. CASH FLOW INFORMATION (a) Reconciliation of Net Profit to Net Operating Cash Flows Net profit after tax Non-cash (income) and expenses Depreciation & amortisation Commercial bill discount
6,479
0
Income tax liabilities/assets
2,007
25,015
(118,806)
(59,669)
(Increases)/decreases in assets Receivables Inventories
28,516
44,013
Other assets
(15,518)
(31,889)
Trade creditors & accruals
(99,579)
(100,272)
Deferred hire purchase charges
(15,768)
(1,416)
Employee leave provisions
69,296
(50,861)
Other liabilities
65,741
10,749
4,649,320
5,170,656
Increases/(decreases) in liabilities -
Net Operating Cash Flows
Hornsby RSL Club Annual Report 2018
37
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018
2018 ($)
2017 ($)
3,319,116
3,399,871
3,319,116
3,399,871
Bank lending facilities
4,500,000
5,000,000
Asset finance facilities
2,500,000
2,500,000
100,000
100,000
Bank overdraft
50,000
50,000
Credit cards
70,000
30,000
7,220,000
7,680,000
Amounts used
5,925,541
4,851,050
Unused facilities
1,294,459
2,828,950
NOTES (b) Cash at Year End Cash assets
4
(c) Financing Facilities The Club has the following financing facilities:
Bank guarantees
19. KEY MANAGEMENT PERSONNEL Key management personnel are those persons having authority and responsibility for planning, directing and controlling activities of the Club, including the Directors. - Total remuneration to key management personnel
1,034,951
849,494
20. RELATED PARTY TRANSACTIONS From time to time, related parties including Key Management personnel, may purchase goods and services from the Club. These purchases are made on an arms-length basis, on the same commercial terms as those entered into by other Club employees or customers. From time to time, certain Directors have provided additional services to the Club. These services and the compensation paid for these services are on commercial arms-length terms, and are fully disclosed in accordance with the applicable regulations. Details of these services arrangements are available on request from the CEO. Apart from the detail disclosed in this note, no related party has entered into a material contract with the club since the end of the previous financial year, and no such material contracts existed at year end. There were no amounts receivable from or payable to related parties at the current or previous reporting date.
38
Hornsby RSL Club Annual Report 2018
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 The Directors receive an honorarium each month and have received other benefits as approved by the Members at last year's annual general meeting. The Directors' honorariums are included in the Key Management personnel remuneration in Note 19. The total cost of the other benefits for the year was $78,624. 21. EVENTS SUBSEQUENT TO BALANCE DATE There have been no significant events occurring after the reporting date which may affect either the Club's operations or results of those operations, or the Club's state of affairs. 22. MEMBERS' GUARANTEE The entity is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each Member is required to contribute a maximum of $2.00 towards meeting any outstanding obligations of the entity. At 31 December 2018 the number of Members was 31,539 (2017: 29,585), and the total Members' liability was $63,078.
DIRECTORS DECLARATION The Directors have determined that the company is a reporting entity that does not have public accountability as defined in AASB 1053: Application of Tiers of Australian Accounting Standards and that these general purpose financial statements should be prepared in accordance with Australian Accounting Standards – Reduced Disclosure Requirements. In accordance with a resolution of the Directors of Hornsby RSL Club Limited, the directors of the company declare that: 1. The accompanying financial statements and notes are in accordance with the Corporations Act 2001 and: (a) comply with Australian Accounting Standards – Reduced Disclosure Requirements; and (b) give a true and fair view of the Company’s financial position as at 31 December 2018 and of its performance and cash flows for the year ended on that date. 2. In the Directors’ opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. Harry Anderson Director John DEANE Director Dated: 27 February 2019
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Independent Auditor's Report
To the Members of Hornsby RSL Club Limited, OPINION We have audited the financial report of Hornsby RSL Club Limited (the company), which comprises the statement of financial position as at 31 December 2018, the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the Directors’ declaration. In our opinion, the accompanying financial report of Hornsby RSL Club Limited is in accordance with the Corporations Act 2001, including: (a) giving a true and fair view of the company's financial position as at 31 December 2018 and of its performance for the year then ended; and (b) complying with Australian Accounting Standards - Reduced Disclosure Requirements and the Corporations Regulations 2001. BASIS FOR OPINION We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 : Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.
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We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the Directors of the company, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. INFORMATION OTHER THAN THE FINANCIAL REPORT AND AUDITOR'S REPORT THEREON The Directors are responsible for the other information. The other information comprises the information included in the company’s annual report for the year ended 31 December 2018, but does not include the financial report and our auditor’s report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. RESPONSIBILITIES OF THE DIRECTORS FOR THE FINANCIAL REPORT The Directors of the company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian
Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report, the Directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
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Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
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Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Directors.
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Conclude on the appropriateness of the Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL REPORT Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. As part of an audit in accordance with Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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Independent Auditor's Report
obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. •
Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.
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Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the company to express an opinion on the financial report. We are responsible for the direction, supervision and performance of the company audit. We remain solely responsible for our audit opinion.
We communicate with the Directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
BRIGDEN & PARTNERS PTY LTD CHARTERED ACCOUNTANTS David Smith - Director Level 3, 20 George Street, Hornsby NSW 1 March 2019
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Sub Branch Report 2 High Street, Hornsby NSW 2077 info@hornsbyrslsubbranch.com
2018 was a year in which the Returned & Services League of Australia (NSW Branch) continued to experience some uncertainty. The Bergin Enquiry into the former State President and State Councilor’s was presented to Parliament with a number of recommendations for legislative change and governance. These had an impact on the ability of the RSL to fundraise during most of the past twelve months, though Hornsby SubBranch has continued to regularly provide welfare to its Members and Veterans families. At an Extra-ordinary State Congress in December the draft of a new Constitution was overwhelmingly defeated. District Councils and Sub-Branches are currently working through a number of options for a revised and practical Constitution which should be in place prior to 2020.
other community organisation over the ANZAC and Remembrance Day periods to speak on the traditions of ANZAC and our military heritage. It is important that we continue to keep these ideals and knowledge of past sacrifices to the fore in the public arena and with future generations. This year we held an Art Exhibition to commemorate the Centenary of the Armistice in 1918. It was called ARTEX 2018, and was the last in a trilogy of similar exhibitions which have been conducted since 2016. The number and quality of entries in this, and previous years, from the pubic and local schools certainly proved the wisdom of venturing into the artistic arena, a field in which the RSL would not normally participate.
Sadly, the membership of our Sub-Branch is falling significantly from natural age attrition, with the average age of World War 2 Veterans now verging on the mid-90’s. We continue to honour and pay respect to those Veterans and others since who gave so much to their country.
I would like to thank all those organisations who contributed to the success of Hornsby SubBranch during 2018, with special recognition of the Directors, Management and Staff of Hornsby RSL Club as well as the President and Committee of the Hornsby War Memorial Hall. We could not have been as successful without their continued support.
Both ANZAC Services in 2018 were very successful, with participants and the general public numbers up on both days. The Dawn Service conducted on 25 April was attended by a very solemn crowd in in excess of 9,000. As usual, the Hornsby RSL Pipe Band and 226 Australian Cadet Unit provided exceptional support and military precision for both Services.
Finally, a very sincere thanks to all hard working members of the Hornsby RSL Sub-Branch Committee, both past and present. Their exceptional efforts during a trying year have contributed to what we do well, namely honour the past and look after the welfare of Veterans. We will be making every effort to ensure that 2019 continues with those ideals.
As in previous years, Sub-Branch Committee Members visited schools, aged care facilities, and
Terry James AICM JP President - Hornsby RSL Sub Branch
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Sub Club Annual Report ADULT DANCE The Adult Dance Club members enjoyed another successful year in 2018 with a total of 167 members at the close of 2018. The dance is held every Tuesday from 7.00pm to 10.30pm in the Hornsby War Memorial Hall (next door to the Hornsby RSL Club). The popular revisions and new dances lessons in the ballroom style of New Vogue are taught at 7.00pm for half an hour by Diann Davidson and Daniel Van followed by the social dance. Our entry fee of $7.00 per night for a lesson, dance, supper and door prizes is excellent value. The Dance Club holds five dinner dances in the Showroom of the Hornsby RSL Club throughout the year and are enjoyed by members and guests with excellent meals and first-class service by the friendly Function and Catering staff. Sadly, the following members past away during 2018. Harry Berberian after a long illness. Esther Tjiong, our sympathy to Harry Tijong. Ron Hicks on 1st December 2018, our sympathy to Terri and family. Thanks to Richard Shaw member of the Dance Club for introducing a very successful innovation to the Tuesday night dances which has been the ‘bring your own reusable cup’ instead of sending polyurethane cups to landfill. The dancers have readily accepted and run with this change for the better. And a big vote of thanks again to Richard Shaw for all his efforts in the implementation and coordination of the dance club’s laptop computer and a projector which enables the dance names to be displayed onto a wall for all to see. Thanks to Hornsby RSL Club for kindly donating the
funds for a replacement amplifier, a projector and computer to enable this improvement. Our New Year’s Eve party held in the Hornsby War Memorial Hall was another great night with 90 happy dancers joining in the fun. Congratulations to our winners of the competition of the ‘Buttons and Bows’ themed dress up on the night which was won by Theo Mandin as “Baby” and Carole Carey with many bows beautifully sewn onto her dress. The contribution of our wonderfully dedicated group of volunteers is greatly appreciated, whether they serve on committees, as dance teachers, music comperes, administration and catering or simply assisting in time of need makes the dance club the remarkable success that it is and has been for 44 years. The committee and members of the Adult Dance Club thank the Board and its Directors and staff of Hornsby RSL Club for their continued support throughout the year. Wishing everyone a happy and enjoyable 2019. Judy Hunter Hon. Secretary
COMPUTER In 2017 we submitted a request to the RSL board for a grant to fund the proposed new website. This grant has been gratefully received and the web design is well under way: • Grant has been developing and expanding his web design skills employing copyright material, paid by the grant; establishing new domains, paid by the grant; and developing
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complex and interesting graphical features and interfaces. Mark has also donated significant time in writing object oriented code to interact with the pages and maintenance etc. This includes setting up new email addresses, and working on various technicalities. John, as usual, continues his very much appreciated task of managing our finances - including grant payments, and audit compliance tasks.
The club has continued to provide ongoing technical support to members with presentations on topical IT and technical subjects and Q&A sessions to resolve members issues with various software and digital devices. In 2019 we look forwards to supporting our members and resolving ongoing issues. Richard Galvin President
DARTS Our clubs Friday night Social Darts attendance for the year averaged out at around 10 players a night for the 2018 year. This is a good place to learn how to play darts as the players on the night are drawn for partners. So if you are just starting out you get plenty of assistance from the experienced players. Our club championships are held on the last Friday of the month from May to October and players need 7 nights to qualify. Winners for 2018 • Jim Kenyon Trophy - Al Fawcett and David Jenkins
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• • • • • •
Ladies Singles - Julie Scott Mens Singles - Wayne Bradford Open Doubles - Sonny Pohoiwi and Trevor Turnbull Handicap Singles - Michael Curran Handicap Doubles - Carol Toohey and Trevor Turnbull Swingers (Different partner each game) David Jenkins
As you can see a lot of members shared in the spoils for 2018. In the Wednesday night darts which is the held by the Balmain and Districts Amateur Darts Association there are two competitions held each year, Winter and Summer comps. In 2018 there were two divisions in each. In the winter comp our darts club entered two teams in each division. In Division 1 our teams finished in 1st and 5th. In Division 2 our teams finished in 3rd and 8th. Alas, due to the number of players that were available to play in Division 1 , we could only enter one team in the Summer comp with two teams entered in Division 2. The Division 1 team finished 2nd and our teams in Division 2 finished in 4th and 5th. We are always looking for new players who are interested in playing either social darts or competition darts. If you would like to try out your skills, don’t hesitate to come to the darts area on Friday nights between 7.30pm and 8.00pm and have a go. Trevor Turnbull Treasurer
BILLIARDS & SNOOKER Membership is steady with a few new members. Last year we decided to collect fees for a two year period. Any new members this year will only be required to pay for one year to bring them in line with the two year period. Again we entered two teams in the H.S.S cup and again we did not make the top four. Maybe next year. We are playing in the Western Districts comps where billiards and snooker are included. Lightning billiards comps are attracting good numbers and will continue this year being lead by Peter Tankard. We hosted our good friends form Berowra RSL for our annual friendly competition. Numbers were down a bit but for those who turned up a good day was had. I look forward to visiting Berowra RSL this year for the return match. For those who may not be aware, we are running a juniors program on Tuesday afternoons. Accredited coaches Harry Anderson, Andy De Haan & Richard Hunter conduct these days. Andy De Haan had a good year winning the Open Billiard - Open Snooker comp with partner David Walsh. Winners for 2018 • HCP Snooker Winner - W. R Hunter • Runner Up - J. Thompson • Over 50/s Snooker Winner - H. Anderson • Runner Up - J. Thompson • HCP Billiards Winner - K. Olivetti • Runner Up - P. Tankard • HCP Doubles Snooker Winners - B. Gordon & A. Champion • Runners Up - J. Birkenshaw & S. Ghersini
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Minor Snooker Winner - K. Ishama Runner Up - K. Olivetti Open Billiards Winner - A. De Haan Runner Up - K. Olivetti Open Doubles Snooker Winners A. De Haan & D. Walsh Runners Up - F. Aropio & K. Ishami Open Snooker Winner - A. De Haan Runner Up - B. Gordon
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I would like to thank the board of management, bar staff & catering for their excellent support and hope that continues. Lastly I would like to thank fellow committee members for their help throughout the year. Allen Taylor President
FOOTBALL Well that’s another season all done and dusted for the Club. Season 2018 was another momentous year for the club with the consolidation of the Youth and Senior Clubs fully established, the continued use of Mills Park as our home ground for both competition ages and mini-roos teams, the 14X team winning its third NSFA competition in a row and the continuation of the Hornsby RSL FC Football School. We had a successful season on and off the field with success on the field leading to several invitations from NSFA to participate in its various functions and events. Overall, we had 17 teams (241 players) ranging from Under 6 to Over 35 and I would like to thank all those involved in running the teams for all their efforts through the season. The Non-Comp age groups in ages 6 to
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Sub Club Annual Report 11 thoroughly enjoyed the year and were very competitive with several teams “well-placed” in their divisions. The competition ages were also competitive and final placings are on the next page: • • • • • • •
12A - Premiers Division 3 and Grand Finalists 14X - Premiers Division 1 (Super League) and Treasurers Shield Winners 14A - 3rd in Division 3 15X - 5th in Division 1 (Super League) 16A - 10th in Division 3 AAM - 7th in Division 3 with Reserve grade 6th O35M 9th (of 12) in Division 3 with Reserve Grade 2nd
Our aim for 2019 is to improve our overall performance on the field and hopefully increase our numbers to get more teams and to endeavour to get some girls only teams which would be a big boost for the Club. We do however have a lot of competition for players in our area from other Clubs. The Club is in the process of forging working relationships with local schools in order to gain players to compliment our existing players. I would like to thank all our committee members for their hard work and dedication to the Club as without them the Club would not survive. They give us their time and commitment for which we are extremely grateful. We still have some positions on the 2019 to be filled so if you would like to put you hand up for one of these positions then please let me know. Congratulations to all trophy winners (listed later in the report) and to all players and officials for your efforts throughout the year.
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Thank you to all our sponsors – Hornsby RSL Club, Clarke Coaches, DC Fitout, Dexa, Darren Brooks Electrical, McGregor Hosie, and The Football Corner for your support of our Club. Thanks also to the Hornsby RSL Club Board of Directors, CEO Mario Machado, Jo Gilbert and the Event Team and club staff as well as Kerry Vivian from the Youth Club for all your support and efforts over the year. Your contribution to our Club is very much appreciated. I look forward to a successful 2019 for Hornsby RSL Football Club. Roy Ashpole President
TABLE TENNIS Once again the table tennis club has had a good year. Our teams' performance were a highlight, winning three comps with our Division 2 Gold team winning both the Spring and Autumn comps and our Division 4 Orange team winning the Spring comp. We were also runner up in another three comps so we did pretty well. In April we held our annual BBQ at Crosslands Reserve. We had 30 members attend and it gave us an opportunity to socialize and get to know each other away from a table tennis table. The Tuesday night chook challenge continued to be very popular and had record attendance in 2018 with regular attendance of 16-20 members. By the end of the year we had 82 table tennis club members. The closed championships this year were held in August with Sonny Ching being club champion for the first time. Majid Nasr won Division 2 and
Alfred Chong won Division 3. The open doubles were won by the defending champions Dennis Lee and Yoshi Yahiro. In line with our club objective to encourage and promote table tennis and to train and improve the skills of our members we held two coaching nights for new players wishing to improve their skills. We had 10 participants on both nights and feedback was that they were helpful and fun. Our annual dinner last month was a great night with the usual bingo, games and prizes. This year we also had music and dancing, with one of our guests, Director Norm Bakker entertaining us by performing a show which went for over an hour. A huge thankyou to Norm for his generosity and also to Angela Chan who led the line dancing. Geoff Barrett Hon. President
FISHING Another less than ideal year with so much bad weather throughout the year meaning we had six trips cancelled by the charter boat skipper. Regardless of the cancellations all that attended them enjoyed the trips we did have and some good catches were made. We were provided financial assistance from the RSL club and we would not be able to carry out the charter boat trips without their valuable help so a special thank you to the Board of Directors and Management of the Club for this support. The outside charter boat trip results and winners for 2018 are:
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January - Terry Choy March - Majid Nasr June - Sam Sundar July - Terry Choy
Biggest fish of the year went to Peter Lee who caught a 2.4kg Pearl Perch in June. Biggest Morwong of the year went to Michael Cheng being 1.2kg and caught in March. Biggest shark of the year went to Peter Lee being 3.8kg and caught in July. Biggest bag of the year was by Michael Cheng with 33 fish. The overall charter boat champion of the year is Terry Choy who achieved a score of 157.2 points. Congratulations to all 2018 winners and look forward to a better weather conditions and continued support for the 2019 fishing season. If anybody would like to join the Fishing Club please feel free to contact me via my email bernardc56@optusnet.com.au or refer to the Club notice boards for contact details. Bernie Crocker Secretary
HOCKEY In Season 2018 we were very privileged to once again have the support of the Hornsby RSL Club. The monetary support from the Club and their kind sponsorship keeps our Club running, giving
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Sub Club Annual Report members of our local community the opportunity to play hockey. Thank you to Hornsby RSL Club for your continued support this season. This year in 2018 we had some big goals and challenges with some new committee members including myself as the new club president. I would have not been able to do this with out the ongoing support from all committee members. After the 2017 annual meeting we planned a committee meeting to place together a plan to place some goals in place for the club. We had goals to improve the clubs social events & fundraising, training attendance and to increase player’s numbers. I can honestly say that I feel we achieved all of this in 2018 and I know that we already have some huge goals for 2019. 2018 Achievements by the committee: • January pre-season fitness training Tuesday nights with a personal trainer raising over $170 in 4 weeks • Development of 3 teams, 3 goalies, 3 coaches – 16 players in each team. • Strong attendance of training even though school holidays • Ongoing high attendance to games • Able to secure Australian players Georgie Parker & Anna Flanagan for an amazing training workshop for all club members • Return training work shop for Anna Flanagan closer to our finals • Social events had a very high attendance including a 30th Birthday celebration for the Club at the RSL Club, a brilliantly organised Trivia night, lots of dinners, lunches back at the RSL Club, and some BBQ’s on the side lines. • Umpire training ready for the 2019 winter season
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2 teams in the grand finial Team 3 a brilliant GRAND FINAL WIN!
The above was achieved due to a strongly committed Hornsby RSL Hockey Club committee. Karen Jason – Vice President for your ongoing support in getting uniforms to players, and the planning of getting the 2018 season off to a great start! Your energy was brilliant in your fitness training at the start of each Tuesday night hockey training. Elizabeth Williams – Club Secretary, thank goodness for Liz she did a brilliant job and helped me so much in the beginning to understanding the systems in place. A great job planning this seasons summer competition and also following up on a number of emails throughout the year. Rushani – Thank you so much for setting up the online banking and placing a system in place for this it helped our new committee a lot. Thank you for your ongoing accounting support and checking bank balances when required. You have supported your Club well in the last two years and I have enjoyed working with you closely. We will be sad to not have you in the committee next year. Selina – Thank you for your technical support in Gmail, Facebook and of course the Revo. Site for hockey. Your club commitment is to be made an example of. Emily & Kirran – Social and fundraising – Your input this year has been brilliant, exciting and well received by all Club members. Your energy was greatly received and I personally loved getting to know you better and loved working with you. I would like to thank our strong committed coaches and trainers in 2018, long standing Robyn Morgan whom moved to develop our 2 team. Aaron T for
an understanding passion to lead his team to the 2018 grand finial win for the club and his players. Brett Boredom for his brilliant first year as coach of our division A team, a strong leader whom in his first year as coach led them into the finals, and showed great support and how to build team relationships. Thank you to Dallas as well for helping me learn the history of the Club and help in training umpires and being an umpire when needed this season. Thank you also to our team captains, I know a lot of time goes into getting a team on the pitch each week and we were lucky to have Virginia, Lisa, April, Rebecca and Emma and Katie. In 2019 the Hornsby RSL Hockey Club will be moving the community competition to a bigger competition with 4 divisions and a chance for our Hockey Club to expand in the future. We have many goals and work ahead of us, but are confident we can build a strong club together. Finally I would like to thank all Club members and players for: • Registering to play hockey for Hornsby RSL Club • Attendance at training improved from previous seasons • Supporting our new committee • Support from Hornsby RSL Club in 2018 Celeste Upton Club President
INDOOR BOWLS We have had a reasonably successful year in 2018, Friday night bowls has continued to be supported strongly by members, however we have only had
three games since October, due to schedule of events in the auditorium at the RSL, over the busy Summer season. Tuesday morning games has been down on numbers and haven't had many games either over the last few months. They have had a more promising start to the year then those of us who play on the Friday night. We are also experimenting with a Tuesday night game, again this is only possible if the auditorium is not being used. If your not working Tuesdays, come and join our fun social morning group, bowls start at 10:30am. Our annual Christmas Function was held on November 30th, this event was well attended by members and even Lilly Pearce was present, which was great to see and she was warmly welcomed by President Denis Dempsey and other members, who fondly remember the hours Mick put into organising our annual Christmas function over many years. The replacement of our current bowling mats is something, that might be reviewed in the coming year as well, approval for replacement was given several years ago, but we have been unable to locate a supplier, who can supply the full length mats as opposed to the smaller 3/4 mats. We are also hoping to have a rematch with our friends at the Goulburn Workers Club this year, our inaugural inter club game last year proved to be extremely popular day out with members, a rematch appears to be in the making. Bruce Sweeting Secretary
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PIPE BAND The last 12 months has brought about new membership applications to the band from experienced and beginner players alike in both the piping and drumming sections. We have fulfilled a busy band calendar, providing pipe band services to community events such as Ryde Easter Parade, Kenthurst Festival, Eastwood Granny Smith Parade, Hornsby Relay for Life, significant ANZAC events in Hornsby, the CBD and Kirribilli, Memorial Marches in Cherrybrook and Ettalong, and participation in Highland Festivals such as Bundanoon and Nelson Bay. It is with sadness that we report in April 2018 the band lost a tremendous friend and supporter – our band patron Bruce McRae. Bruce was a member of Hornsby RSL Club and the Sub-Branch, a Drill and Dress Judge and past president of the NSW Pipe Band Association. He fulfilled the role of our president, secretary and Drum Major at various times after joining the band in 1973. The band is honoured to have been able to visit to perform for Bruce and fellow residents while he was being cared for at RSL Life Care Narrabeen. November 11, 2018 marked the 100th anniversary of Armistice Day. On Saturday 10th November we performed at the unveiling of the Cherrybrook ANZAC Jawan Cenotaph dedicated to ANZAC Serviceman of Indian origin in World War One, followed by an evening performance for the Hornsby RSL Sub-Branch Artex 2018 opening night. On Sunday 11th November the band performed for the Hornsby RSL Sub-branch Commemoration Service and at 1700hrs Hornsby RSL Pipes and Drums again faced the Cenotaph as we joined in a global simultaneous pipe band performance of “Battle’s O’er”. We, joined with bands across the globe, playing this tune at exactly 1700 hrs local time in memory of the Armistice Signing. We are extremely grateful to Hornsby RSL Sub-Branch
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for making these events possible, presenting and supporting us for such a significant occasion. The pipe band is delighted to advise Mr Bill Hart has accepted the position as Band Patron. Bill has an extensive association with Hornsby RSL Pipe Band, being one of the original members. We are privileged to have such an accomplished piper, tutor and pipe maker as our new Patron. We take the opportunity to thank Graham Bolton for his marathon efforts as our pipers’ mentor and acting Pipe Major. Graham has requested to step back from his leadership role, and we welcome our new acting Pipe Major Bernie Parker. Bernie brings a wealth of experience as a band piper and piping competitor and we will benefit greatly from his knowledge. We have many to thank for such a great year. Our ever-present Drum Major Brian Thompson, Drum Sergeant Clive Hutchens, Quartermaster Dave Morley and Pipe Sergeant JD Wingrove. We thank the hard-working committee for ensuring our continued growth and success, our resident pipe equipment technician Dale Jackson, our learner tutors and the parents, partners and supporters who ferry students to rehearsal and support us at rehearsals and large events. Where would we be without the commitment of our band members who dedicate time every week to practice, attend rehearsals and perform at weekend service events. We are eternally grateful for the continuing support of the RSL Club and we look forward to providing future marvellous Pipes and Drums services to our RSL and broader community. Janine Lee Piper
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Sub Club Annual Report SOCIAL GOLF Our Hornsby RSL Social Golf Club had a fantastic 2018 with many of our winners and some losers listed in the results below. Some of the highlights included the Presentation of “Life Membership” to 2 of our members for their contribution to the Golf Club over many years. Denis Dempsey our Club Captain was gifted Life Membership by his Club mates at our Mystery Day round at Cessnock & our long serving Treasurer Calvin Moore with 16 years of managing the books recognised at our Annual Presentation night for his outstanding service and commitment to our Club. Congratulations again to both on achieving this wonderful recognition. We also had our previous President Tony West retire from the role at our 2017 AGM & we would like to thank Tony for his exceptional efforts in leading our Club over many years and he is now focusing on blowing out the handicap to sneak in a few more trophies in 2019. We also had Life Member Andy McElroy & Jim Holland in 2018 stood down from the roles they have served so admirably over many years for individual personal reasons and we acknowledge and thank both for their outstanding contribution to the success of our Club. The club had a very successful mid-year social night with around 70 members attending for a very entertaining “World Cup” evening at the RSL with lots of laughs. We also had our Annual Presentation Night in September with another huge crowd to celebrate the golfing achievements of our members, great food and amazing local music.
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Congratulations to the 2018 committee for all their efforts and contributions to another great year and we look forward to an equally successful 2019. A huge thank you to all our members for their participation and support of the Club throughout the year and for providing many memorable and enjoyable days on the courses we challenged ourselves on. Finally, our Club would like to recognise and thank Harry Anderson and his Board of Directors, Mario Machado, his exceptional Management Team and his committed staff for all the support they have gifted and provided us throughout the 2018 season. Without such dedication and generosity, the experience that our members enjoy would not be a wonderful as it is. Competition Winners • Muirfield - 14 January - Deceased Members Trophy Winner - Ross Bird - 45 points • Chatswood 28 January - Wayne Clarke 48 points • Turramurra 4 March - Paul Margerum 48 points • Asquith 11 March - Captains V Presidents Day & Matchplay final • Captains 611 defeated Presidents 524 & Matchplay Champion for 2018 - Dan Elton defeating Gary Johnson 1 Up • Hole in One Asquith 9th hole 11 March 2018 by Dave King • Cessnock 15 April – Mystery Day winners Gavin Bramwell & Dave MacPherson • Warringah 29 April - Barry Johnson Memorial Trophy Gordon Stannard - 34 points • The Springs 3 June – Corduroy was debuted & Paul Margerum (19) NAGA
R1 Asquith 1st July & R2 Gosford 22nd July – 2018 Championship • A Grade Champion Stroke - Zack Tare 174 • A Runner Up - Jack Dempsey 175 • A Grade Champion Best Nett - Zack Tare 140 • B Grade Champion Stroke - Paul Shilling 184 • B Runner Up - Tony Fonti 192 • B Grade Champion Best Nett - Paul Shilling 140 • C Grade Champion Stroke - Max Bridgman 202 • C Runner Up - Warren Davidson 207 • C Grade Champion Best Nett - Jamie Warren 145 • Frank Gill - Best Nett Round 1 - Gavin Bramwell • Veterans - Zack Tare • Gosford R2 Champos - Ross Goyen 121 - R1 Leader to Golfing Loser • Nelson Bay 4th August - Shane O’Hara Trophy - Biagio Parrella 36 points • Most Consistent Players 2018 - Dan Elton 171 - Dale Warrent 163 - Max Bridgman 160 • Least Consistent with 2 Wins & 3 NAGA’s Dave MacPherson We look forward to an even bigger 2019 with another stacked schedule of games and more new members joining us for a round with good company, good times & good people. John Warren President
SWIMMING The last 12 months have not been quite as busy as usually, with a couple of annual carnivals we normally attend being cancelled. However, we did attend a few carnivals and performed very well. At a three way carnival between the Frogs, Dubbo Ducks and Harbord Diggers, the Frogs gained first place in almost all events. At the Western Metropolitan Carnival in February, we took out 1st place in the “10 Person X 50m Relay” for the 2nd year in a row. Our Presentation was held in September in the Club’s ‘Courtyard’ Restaurant and for the first time in the Swim Club’s history, the 2018 Champion was not a male. Sue Younie took out this prestigious title. Well done Sue! Also at the Presentation, Colin Hunter was voted as “Clubman of the Year”. Congratulations Colin. Once again the Sporting Bodies Day in September was a great success, thanks to the hard work of Harry Anderson. We all attended the 100th Anniversary of Remembrance Day at the RSL Club on 11.11.19 and thank you to the Pipe Band for their great performance on the day. On the social front we have had a number of events, including a couple of morning teas at the Club Coffee Shop after our Sunday morning swims. We had a wonderful Christmas lunch plus a New Year’s Day BBQ. We also celebrated the 80th birthday of our long serving Treasurer Kerry Smith, together with all his family and friends. It was a great day.
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Sub Club Annual Report Recently we once again served breakfast on ANZAC Day, which has become an annual event for our Club. Finally, we have to congratulate two of our long time members, Peter and Brian. In December Peter Quirke was awarded a Local Hero Award for his years of hard work and dedication to the Scouting movement. Brian Engert was awarded an “OAM” in recognition of his tireless work in the community. We congratulate these two special Frogs. Thanks go to all our members and particularly our Executive Committee for their continuous hard work making the Hornsby Frogs Great. Also, thanks to Mario Machado, the President, all Board Members and the Club’s staff for their constant assistance and help. Jeanette O’Keeffe Hon. Secretary
RIFLE The HRSLRC continues to grow from strength to strength. We currently have 48 full members with a couple of our temporary members about to make their full member applications - this represents an increase on our 2018 membership. Our try shooting days are still popular and we run these sessions every 6/7 weeks when we are shooting at 300m. Peter Wilkins has taken over the coordination of these events as well as assisting with the coaching new members and has done a wonderful job. We have had good attendances and healthy competition in all disciplines on Saturday afternoons despite the heat and very challenging 56 Hornsby RSL Club Annual Report 2018
conditions and there continues to be a good sense of camaraderie within the club. We have invested in a new club F-class rifle which will allow new shooters the opportunity to be competitive from the outset without having to invest in their own equipment immediately. It is early days, but we do believe this will have a considerable impact on our membership growth. We have just launched a new discipline into our weekly competition which will be attractive to both existing Club members and also enable new members to be able to participate with a lower entry cost. In addition, we have an expanded precision service rifle category that has become extremely popular nationally and our Club hosts these competitions 4 times annually. This competition attracts 40 plus competitors which is a great support to our Club. We have several Club members who rank in the top 10 nationally within this competition. Vice-Captain Brian Kirkman is a key driver in the growth of this discipline nationally and a regular podium finisher in both our own and the interstate competitions. Our Club champions for the 2017/18 shooting year were recognised at our combined AGM and Prize-giving dinner held on 8th September and are as follows: • Bill Ballantyne - Target Rifle • Anthony Loh – FS-A • Merrick Rhone – FS-B • Wu Lau – F-Open • Alan BT. - FTR The North Shore District Rifle Association ran a 2-day prize meeting at Hornsby range – in November 2018 with our Club being well represented with 12 of our Club members competing. Results included Wu Lau 1st in
F-Open, Heather Smith 1st in F-Std A, Scott Elvery 2nd in F-Standard B.
SPORTING & SOCIAL SUB CLUB CONTACTS
It is pleasing that HRSLRC is well represented in Open Prize Meetings as well as State Queens competitions with our Club Secretary – Adrian Siebel taking out the 2018 Queensland Queens prize in F-Open for the second year running. This is an amazing result. Heather Smith was the winner of the RA Rolph lead up to the Canberra Queens Bill Ballantyne took the number 1 badge at the Explorers Rifle Club OPM and deserves special mention as he travels extensively representing our club throughout the state as well as interstate.
Adult Dance: John Turvey
9144 2665
Billiards & Snooker: Allen Taylor
9476 5054
Computer: Mark Lee
9482 4294
Darts: Trevor Turnball
0468 776 536
The 90th Annual Blue Mountains Open Championships held recently saw Bill win 3rd place – only narrowly edged out by the current U/25 World Champion and a top 10 final world champion competitor. Scott Elvery took 2nd place in FS-B and congratulations to Adrian Bonanni and Ross Webb who also competed.
Fishing: Bernard Crocker
9940 3552
Football: Roy Ashpole
0404 865 245
Golf: Jim Holland
0400 081 005
Hockey: Celeste Upton
0428 591 067
Indoor Bowls: Bruce Sweeting
0402 854 041
Klaverjas: Basil Van Dongen
9980 8445
Pipe Band: Brian Thompson
0428 656 720
Rifle: Adrian Bonanni
0400 055 101
Swimming: Brian O'Keeffe
9653 2103
Table Tennis: Geoff Barrett
0414 843 599
Socially, we have introduced a monthly dinner at the RSL Club which is growing momentum with Club members and their families. We would like to encourage all RSL Club Members to contact us if they would like to come along and try our sport. Roland Van Soest Rifle Club Member
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ClubGRANTS 2018 - 2019
As a proud community supporter Hornsby RSL donated ClubGRANTS totalling $528,817 to many community groups and organisations. Category 1 - $162,489 Category 2 - $280,302 Category 3 - $86,026 Below is a list of organisations who received grants: Wesley Aunties & Uncles Autism Spectrum Australia Hornsby & District TPI Social & Welfare Club Vision Australia St Lucy’s MS Ltd Dance for Parkinson’s DANII Meads Barlow Foundation Hornsby Ku-ring-Gai Women’s Shelter Ted Noffs Foundation Sir Eric Woodward School Hornsby RSL Sub-Branch Hornsby Woodworking Men’s Shed Northern District Cricket Club Taldumande Youth Services Inc Aust Kookaburra Kids Foundation Macular Disease Foundation War Widows Guild Streetwork Inc KYDS Youth Development Service SHINE for Kids Jobsupport
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Hornsby Kuring-Gai Hospital The Northcott Society Indian Seniors Cancer Council Relay for Life Autism Community Network Veterans Benevolent Fund Road Safety Education Ltd Delta Society Australia Shepherd Centre for Deaf Children Leukaemia Foundation Learning Links Edgeworth David Community Garden Au2gether Brdige for Asylum Seekers Playgroup NSW Inc Phoenix House Youth Services Inc. Gotcha4Life TAD Muscular Dystrophy NSW SES Tour de Cure Special Olympics Prostate Cancer Foundation
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