2015 Annual Report - Hurstville Golf Club Incorporated

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10th Annual Report Hurstville Golf Club Inc. ABN 32 583 203 209

P.O. Box 148 Mortdale NSW 2223 www. hurstvillegolfclub.com.au

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President David Moody

Vice President Peter Allam

Secretary Gary Holt

Captain Peter Greig

Assistant Secretary/Treasurer Adem Long

Vice-Captain Vicki Hoare

General Committee Jeff Fairbairn Terry Morris Mark Ruiz

Treasurer Jeff James

Objectives of the Club

To encourage participation in the game of golf and enhance the general wellbeing of its members.

To provide opportunities, through regular competitions, for the participation of members and the improvement of their skills and capabilities.

To abide by the rules and regulations of the International governing

bodies of Golf, and respective Australian, NSW, and Regional

affiliated associations.

To make and prescribe rules to be observed by members and

visitors in regulation of conduct on, and use of the facilities of the

Club and the privileges of membership.

To be a positive influence on the local community.

Hurstville Golf Club Inc.

Hurstville Golf Club Inc. 10th Annual Report Page 1

Table of Contents

President’s Report

Captain’s Report

Treasurer’s Report

Financial Statements

Independent Review Report

2014-15 Champions

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President’s Report

This year the club experienced a decrease in membership renewals for the first time. This being largely due to the exit of a significant number of non-playing members. This will have limited impact to the clubs bottom line as new applications have exceeded previous years demand. The club continues to grow. The club continues to work with Hurstville City Council to improve the course with the watering project making significant improvements to playing conditions. Work has commenced on the redevelopment of the 17th green and, once the club meeting room as been completed, we will again look to direct further funds towards other improvement projects. The construction of the club meeting room is still awaiting final approval from Hurstville City Council before seeking tenders. The Club has sufficient funds to undertake development but is seeking a government development grant to assist with the overall cost. If granted this will allow the club to direct additional financial support to future course improvement projects. We anticipate construction will commence before the end of the year. At the last AGM the club was asked to implement an on-line tee booking facility. Upon investigation it was found that this facility could not be implemented as a stand-alone feature and would require the replacement of the existing competition and timesheet system. A new system would also result in considerable new ongoing costs to the club. For these reasons the committee was required to conduct considerable research into a number of options to ensure we achieved the best financial outcomes for the club. We are pleased to advise that a system has been selected and an implementation project is currently under way. Initial implementation date is scheduled for the 29th September.

Our occupancy arrangement with Hurstville City Council (MOU) remains in place for a further 18 months with an agreed fixed fee of $40,000.00. The club however has indicated to Council it would prefer at the end of that period to operate on a more commercial basis structured around membership numbers and perhaps usage rates. I would like to thank all the staff who work at the course from Barry Sullivan and the greens staff to Stewart and the Bluefit staff. We appreciate their efforts in supporting our club and providing facilities for our members. I would also like to thank the members of the General Committee and the various sub-committees. These volunteers all give up their time to make our club run and our club would not exist without their efforts.

Vale

During the year we were sadden to lose a number of members.

Marilyn Holdsworth, Ian Perryman

On behalf of the Club, I extend our sympathy to the families of these Members. I apologise if I have missed any one from this list. Sometimes the family prefer to remain private and we don’t hear about members we have lost.

David Moody

11 October 2015


Captain’s Report

Our member playing numbers have bounced back to pre-course improvement levels. Saturdays are around the 150 level and although Tuesday’s numbers are slightly down there has been a steady growth in both Thursday and Friday’s numbers. We have introduced a competition, every 3rd Sunday and we are looking to introducing a 9 hole Sunday competition during the daylight saving period. This year’s major Club Championships have been put back until Oct/Nov but some other major Championships have been completed. Our Division 1 Mid Week H’cap winners were Don Haggart/ Barry Saba, Division 1 Scratch winner was David Croot, Division 2 Mid Week H’cap winner was David Moody, the Division 2 Scratch winner was Bob Drake and the Ladies Mid Week winner was Sue Rooney. This year’s Matchplay was won by Bob Markham who defeated Danny Cooper in a close match. Both the Foursome Championship Handicap and Scratch winners were Khristian Kerrigan and Matthew Cox. The winners of the Jessie and Bruce Hancock Trophy for the Mixed Fourball were Prescila Keogh and Adem Long. Congratulations to the Hurstville Junior Girls who are the winners of the 2015 Girls Encourage Shield. After a strong performance in the preliminary rounds, the team played an older and more experienced team from Avondale Golf Club in a nail-biter of a final. The girls appeared to have the match sown up but a late charge from Avondale squared things up to 2-2 at the end. This saw the number one, Annika, head back out to play sudden death.

Annika must have some ice in her veins because she chipped next to the pin for a gimme, while her opponent couldn’t match her on the green. We are very proud of this team and also grateful to Martin Johnson and all the parents who helped make this special achievement happen.

Our Major Pennants, which was managed by Bob Hill along with Todd Shaw and with all players regular members, were extremely competitive with the results coming down to the last round. The Mixed Pennants team has gone from strength to strength with a terrific result in 2015. The team won all their home games and scored an elusive win away from home against Asquith. We finished first in our pool and progressed to the quarter finals. Unfortunately this is where the party ended with a loss to Warringah. Once again Peter Allam did an outstanding job managing this team. The Warren and Gibson Shields have just been completed. They were managed by Daryl Moss and Lloyd Piper respectively and it was great to see that both teams were well patronized. Both teams had two wins away from home displaying our competitiveness against well established clubs, Woolooware, The Coast and Beverly


Captain’s Report

2014 -15 Lowest Member Nett Stroke

score 59

Ross Morgan 16 Jan 2015

Park. Unfortunately we were very narrowly defeated by The Coast to progress to the next round. The 2015 Women’s Interclub Pennants had good representation from the lady members. This year’s competition was very close and the final result was determined by a count back of reserve games. The Hurstville Ladies had a creditable result finishing in the middle of the competition with Kogarah taking the final honours. So far this year we have had two teams qualify for the State Finals for the KENO NSW Mixed Fourball Championship and the NSW Men's Fourball Championship. Congratulations to Janet and Peter Allam as well as Gary Holt and Steven Hennessey who qualified to play in the respective finals at Bonville Golf Resort. Nelly Falloon and Helen Sollazzo will play in the Metropolitan Play Offs in October for the NSW Women's Fourball Championship and Janet Lisle will complete in the Metropolitan Play Offs for the Gold Division of the GolfNSW Women's Medal Competition at Penrith Golf Club in December. We wish these ladies all the best for their upcoming matches. The running of our competitions requires a great amount of input in both setting up and closing our competitions. I would like to thank the fellow members of the match committee Mark Ruiz, Ken Hawkins, Ron Hyland and as well as Gary Holt and Jeff Fairbairn who have done the Friday bookings. A special thank you must go to Vice Captain Vicki Hoare for her amazing efforts both in setting up and closing competitions as well as running our newsletter and being our backbone for all things technical.

A big thank you must go to Stewart and his Pro Shop staff for the assistance they have provided to the committee and to the members. Very importantly I would like to thank Barrie Sullivan and his team for their cooperation and their great efforts in maintaining and improving our course with comparatively limited resources. Without Barrie’s assistance and cooperation in many areas our golf club would not be able function in the manner it does. I believe we should be proud of our achievements as a club over the last 10 years and we are continuing to grow and improve in all areas. The new booking and competition system will be introduced at the end of September which will mean that Hurstville Golf Club is again moving forward and I look forward to your continued support. Good Golfing.

Peter Greig, Club Captain

11 October 2015


Treasurer’s Report

It is my pleasure to present the Financial Statements of the Club for the 12 months to 30 June 2015. Membership fees reduced by a net $13,800 (approx.) or 9.3% to $134,423 as the result of the discount on membership renewals last year acknowledging the course disruption period. We did have strong growth in new memberships which offset a large part of the discounts. Our membership numbers as at 30 June 2015 were:

2013 2014 2015

Adult Males 573 579 679

Junior Males 27 20 18

Adult Females 78 67 76

Junior Females 8 6 5

Total 686 672 778

Almost 96% of the competition fees were returned as prizes after allowing for GST. After making additional provisions of $48,000, operating activities and non- operating expenses for the year resulted in a nominal Net Profit of $960 which, added to the Retained Profits carried forward from previous years, leaves our Club with total Equity of $83,214 as at 30 June 2015.

All Provisions and Unclaimed Prizes are fully funded by cash at Bank. Our cash position as at 30 June 2015, after covering all liabilities and provisions, is the Equity as mentioned above, i.e. approximately $83,000.

Jeff James F Fin (Ret.) AFAIM (Ret.) Treasurer

11 October 2015

2014-15 Number of Cards entered into the

system

13, 361 cards


Balance Sheet As at 30 June 2015

2015 ($) 2014 ($)

Current Assets

Cash at Bank 534,741 481,926

Receivables 0 4,443

Inventories 0

Total Current Assets 534,741 486,369

Non Current Assets

Land & Buildings 0 0

Plant & Equipment 0 0

Total Non Current Assets 0 0

TOTAL ASSETS 534,741 486,369

Current Liabilities

Fees in Advance Note 1 79,197 64,125

Accruals

Unclaimed prizes Note 2 46,371 35,199

Accounts Payable

Provisions: Note 3

- Equipment & Office 22,094 23,795

- Building Fund 287,828 250,055

- Course Improvement Fund 8,837 27,236

GST (net) Note 4 7,200 4,202

Total Current Liabilities 451,527 404,612

Non Current Liabilities

Borrowings 0 0

Total Non Current Liabilities 0 0

TOTAL LIABILITIES 451,527 404,612

NET ASSETS 83,214 81,757

Equity

Retained Profits at 1 July 82,254 81,896

Net Profit/Loss 960 358

TOTAL EQUITY 83,214 82,254


Statement of Profit or Loss For the year ended 30 June 2015 Note 2015 ($) 2014 ($) Income

Advertising 765 840 Bank Interest 9,603 11,223 Competition Fees (HGC) Note 5 51,908 33,342 Entry Fees 150 0 Membership Fees 134,423 148,221 Sales 0 15 Sponsorship Note 6 630 2,624

Total Income 197,479 196,265 Expenditure

Accounting/Audit fees 400 200 Advertising 128 1,314 Affiliation fees Note 7 26,373 25,080 AGM Expenses 2,021 1,553 Bad debts 0 0 Bag Tags 218 485 Bank charges 1,098 1,116 Building Fund Provision 48,000 65,000 Catering 152 105 Competitions Note 8 8,027 4,650 Course Items 0 61 Course Marshall 1,034 417 Donations Note 9 3,598 3,368 Equipment Hire 359 0 Golf Link 1,900 1,605 Internet Connection 1,709 1,238 Monthly Medals 230 371 Occupancy Fee Note 10 30,000 30,000 Office Equipment 645 36 Office Supplies 580 1,423 Presentation Day 71 0 Printing, Postage & Stationery 701 1,707 Prizes (HGC) 49,751 32,674 Programme Printing/Fixtures Book 560 554 Publications 1,395 0 Shirts (Representative) 740 0 Software 6,847 3,270 Special Events Note 11 6,226 6,960 Statutory Costs 53 52 Travel 55 75 Trophies 2,807 55 Utilities (Phone calls, etc) 160 240 Web Hosting 363 363 Welfare 318 117

Total Expenditure 196,519 184,089 Operating Profit (Loss) 960 12,176

Non Operating Expenses

Course Improvements Contribution 2013/2014 Net profit to HCC Note 12 0 11,818

Surplus (Deficit) 960 358


Notes to the 2014/15 Accounts A. BALANCE SHEET

1. Fees in Advance $79,197 (+ $15,072)

The increase reflects normal membership rates in 2015, compared with discounted rates in 2014

2. Unclaimed Prizes $46,371

During the year $1,601 in prizes were forfeited and transferred from Unclaimed Prizes to Provision for Course Improvements: This forfeiture of prizes is in terms of Club policy (Unfinancial Members and Visitors).

3. Provisions

a) Equipment & Office $22,094 b) Building Fund $287,828

Funds set aside for the proposed Club House. An additional $48,000 was transferred into the Building Fund from our 2014/2015 operating activities.

c) Course Improvement Fund $8,837

- Carried forward $27,236

- Unclaimed prizes forfeited $ 1,601

$28,837

Less contribution towards 14th Tee works $20,000

Balance as at 30/6/2015 $ 8,837

Funds to be invested in the course as required.

4. GST $7,200

The GST accounts in our books as at 30/6/2015 were:

Received $9,090

Paid $1,890

Net $7,200

This is in line with our Quarterly BAS. The liability was paid within ATO terms on 14/7/2015.

2014-15 Largest Field

27 June 2015

150 players


B. PROFIT & LOSS STATEMENT

5. Competition Fees $51,908 (+$18,566) Reflects the $1 increase in competition fees and a return to higher player numbers following the course disruption last financial year.

6. Sponsorships $630 Neil Thompson Smash Repairs Pty Ltd

- Tuesday & Saturday Eagles Nest $ 630 We acknowledge with thanks the support we receive from Neil Thompson.

7. Affiliation Fees $26,373 (+$1,293)

This is our affiliation fee with Golf NSW and includes the premium for Public Risk Insurance. The fee was calculated on membership numbers as at 30/6/2014 as per Golf NSW requirements.

8. Competitions $8,027 (+$3,377)

Represents the various Pennant competitions entered into by Hurstville Golf Club during the year. Also includes our Junior Opportunity Programme and the Eagle Nest prizes. The increase in this category reflects (a) Warren & Gibson Shield. We didn’t host the event in 2013/2014 due to the course disruptions, therefore nil expenditure in that year and (b) a one-off Marketing signage for the Junior Development Programme. Clearly that is not a “Competitions” expense, but for consistency that is where we account for the Junior costs.

9. Donations $3,598

$1500 St George Cancer Care Centre (Mayoral Golf Day)

$1,080 St George Cancer Care Centre (Pro Am Golf Day)

$ 296 St George Cancer Care Centre (Mayoral Ball)

$ 600 Lugarno Lions Club

$ 25 2NBC Supporters League

$ 97 Inaburra School, Bangor. Fundraiser

$3,598

$ 100 Ovarian Cancer Australia (paid out of our Welfare Budget)

In addition to the above, our members raised $2,503.40 in our Legacy Week September 2014.


This amount comprised: Competition fee loading : 183 players X $5.00 = $ 915.00

Sale of Legacy goods, raffle proceeds and donations $ 673.40

Hurstville City Council contribution $ 915.00

Total $ 2,503.40

10. Occupancy Fee $30,000

Under our Memorandum of Understanding (MOU) with Hurstville City Council we paid Council $30,000 (net of GST) in the 2014/2015 financial year. This payment secures our guaranteed tee times. This MOU expired on 31 December 2014. Although not yet signed, agreement has been reached with Council for the new MOU. That will cover the period 1 January 2015 to 30 June 2016. Amount for the 18 months will be $40,000.

11. Special Events $6,226

$ 700 Christmas Event Days (Prizes)

$1,666 Christmas BBQ’s

$2,168 Midyear BBQ’s

$ 166 Sydney Legacy

$ 150 Keno mixed 4 ball

$ 500 Trainee Pro Match

$ 240 Handiskins

$ 300 NSW/ACT PGA Trainee Championships

$ 336 Christmas drinks for Ground staff and Bluefit staff

$6,226

12. Non Operating Expenditure $Nil (- $11,818)

In terms of our Agreement with Hurstville City Council, our annual surplus Operating Profit is passed over to Council for future Course improvements. In both 2013/2014 and 2014/2015 our surplus funds were nominal (after end of year adjustments) therefore no funds were paid to Council. That said we did pay $22,000 (including GST) towards the 14th Tee works.

2014 -15 Member with the most

rounds

Kathy Wagner 145 games


Assets of the Club Your committee has a policy of writing off assets at the time of purchase, but subject to the value & life of the particular asset. Notwithstanding they have nil value in our books, they are recorded in our Assets Register in terms of Office of Fair Trading requirements. Those assets written off, at cost, are:

Date of Purchase Asset Purchase Price

March 2007 Laptop $1,376

Spread Software/Licences $7,802

December 2009 Pro Shop PC $ 825

March 2010 Stimpmeter $ 181

May 2010 Router/Modem $ 200

June 2010 Urn $ 215

March 2012 Epson Printer $ 39

March 2012 USB $ 59

August 2012 HP Monitor $ 299

October 2012 Laser Printer $ 240

January 2013 5 X NTP Markers $ 858

July 2013 Sony Laptop $1,620

August 2013 Laser Printer $ 49

August 2013 Toshiba Laptop $ 482

December 2013 Microphone & associated equipment $ 40

January 2014 Canon Printer $ 95

June 2014 Toshiba Laptop $1,536

August 2014 Office Chairs X 2 $ 130

September 2014 Optus dongle $ 129

September 2014 HP Business Desktop $1,499

March 2015 PC Cover (at Pro Shop) $ 313

April 2015 Bain Marie $ 266

NB. Excludes discarded items

2014 -15

Number visitors playing in

competitions

895


Independent Review Report


2014-15 Champions

2014 Club Champions

Scratch Winners Nett Winners

A Grade Men Henry Jedrzejczyk Anthony Pantano

B Grade Men Peter Mills Peter Mills

C Grade Men John Belshaw Rowan Hooper

Women Priscila Keogh Laura Marquinez

2015 Mid-Week Club Champions

Scratch Winners Nett Winners

Division 1 Men David Croot Don Haggart Barry Saba (joint winners)

Division 2 Men Bob Drake David Moody

Women Helen Sollazzo Sue Rooney

2015 Foursomes Khristian Kerrigan & Matthew Cox

2015 Match Play Robert Markham

2015 Mixed Fourball - Jessie and Bruce Hancock Trophy Prescila Keogh & Adem Long

Medal of Medals

Women Laurel Schulz

A Grade Men Robert Dragisic

B Grade Men Phil Zongo

C Grade Men John Belshaw

Hole In One Mr Brian Potter 05/02/15 Mr Ronald Hyland 21/10/14

Mr B Conwell 08/01/15 Mr Leonard Dennett 16/09/14

Mr Donn Irwin 21/11/14 Mr C Longbottom 09/08/14

Mrs Kathy Wagner 24/10/14 Mr D Clement 29/07/14

2014 -15 Lowest Member Gross

Stroke score

68 Craig Cox 6 Jan 2015

10th Annual Report Hurstville Golf Club Inc.

ABN 32 583 203 209

PO Box 148 Mortdale NSW 2223

Documents

2015 Annual Report - Hurstville Golf Club Incorporated