Western Suburbs District Rugby League Football Club Limited …footyindustry.com/files/2013Reports/NRL Clubs and Leagues... · 2014. 4. 5. · Western Suburbs District Rugby League

Western Suburbs District Rugby League Football Club Limited

Year Ended 31 October 2013ANNUAL FINANCIAL REPORT 2013

Chairman’s Report 3

General Manager’s Report 6

Harold Matthews 2013 Statistics and Match Results 9

SG Ball 2013 Statistics and Match Results 11

Ron Massey Statistics and Match Results 13

Life Members 15

Financial Members 16

Minutes of 2012 Annual General Meeting 19

Annual Financial Report 31 October 2013 24

Directors’ Report 25

Auditor’s Independence Declaration 28

Independent Auditor’s Report 29

Directors’ Declaration 31

Statement of Profit or Loss and other Comprehensive Income 32

Statement of Financial Position 33

Statement of Changes in Equity 34

Statement of Cash Flows 35

Notes to the Financial Statements 36

Contents

Chairman’s Report 2013. Welcome to all our members for this year’s annual report. The 2013 season was one of the most challenging in the club's history. The strength and resolve of a club is most tested through hard times after the results of 2012 and our team and staff should be congratulated on how they have handled themselves this past year. Led by head coach Leo Epifania, the teams' ability to focus on the field and reach the grand final qualifier was an outstanding effort. Leo was ably assisted by a strong group of support staff headed by Steve Reeves as General Manager of the football club, with these 2 individuals driving our success it shows what great results were achieved. In Coordination with this was the Wests Magpies core group of football assistants and support staff with, Dave and Valerie McEwen who did on outstanding job as usual with training and game days. In addition our normal crew with Bluey Schafer ,Jeff Aplitt , Horrie Jowsey, John Harbon, Charlie Tuxford, Kevin Montgomery and Leos trusted on field assistant Con Spanos. And not forgetting our able Physiotherapists Tim Fulcher and Daniel Wainwright, thank you, and also to the head of Prime Physio Greg Williams, many thanks for looking after our team. Also thanks go to Ody Missiakos our Doctor for the past 2 seasons, his professionalism goes without saying; his treatment of Tom Morrison with that nasty broken leg at Cabramatta was something I will never forget. Our congratulations must also go to our mighty Western Suburbs Magpies team, a group that was foisted together and who were so close to that elusive prize that they just could not reach. A big thankyou to that group of men who achieved so much this past year and restored the pride and backbone in the black and whites as a team to be reckoned with. I know that I have had many of the other teams coaches let me know that it was Wests they feared most. There is also congratulations to 4 of our players, who were selected in the Ron Massey representative team that played Fiji, our great forwards Dean Rysko, Sonny Bristow and Tom Morrison and with our flying fullback Sam Aiga. Not only a rep selection for Dean Rysko but a deserved winner of the Ron Massey Cup player of the year, well done. The Wests Magpies junior rep teams of Harold Mathews and S G Ball teams fell just short for another season. These two competitions are the toughest of any junior league anywhere and players must adjust from junior level to this competitive grade. Not an easy task and I am proud to have watched these fine young men play in the black and white Wests jumpers.

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Congratulations to all the elite Wests Magpies Junior players in representing the Magpies with your on field efforts and your conduct on and off the field.

I would like to make mention of our Junior NSW rep player of the year Ray Stone who not only a Wests Magpies Harold Mathews player but represented in the NSW U/16 team in the State of Origin series. Watching Ray throughout the season and in that game at ANZ shows what stuff this young man is made of and to have him being a Magpie makes it all special. I am sure he is destined to make the big time, keep an eye out for him in the future.

I would like to acknowledge the junior rep Coaches, and coaching staff in preparing the boys in preseason and through the competition proper. The time and effort you have put in is outstanding, I am sure that most are backing up again this year and we wish you every success, thank you.

As part of our Wests Magpies junior program with Wests Tigers a big thanks go to Ben Rogers and Warren MacDonald of Wests Tigers for their overall involvement with our junior rep squads.

Both Ben and Warren put in many hours with juniors and my thanks to both for their continued support and assistance for the Magpies. It is so important that we have them there to ensure a pathway for our juniors through to the Wests Tigers.

We also cannot leave out the Western Suburbs Junior league that run the entire junior league that produces our rep players, thanks to Julie Luke and the staff who assist with all home games of the rep teams.

This past year our major function was the Heritage night which provided a great celebration of the famous 1963 grand Final between Wests and Saints and was the highlight of the year. The night provided the many Wests supporters with a once in a lifetime show, with our favourites of Arthur Summons and Norm Provan as guests of Honour.

My thanks go to Rick Wayde and Leo Epifania for their hours of work putting the Heritage function together and also to our Club, Wests Ashfield who hosted the event, a fantastic setup within the club and with great food and service to match.

This year the Board was able to bring together a group with strong business experience. Collectively we managed to perform to budget expectations in a range of key revenue metrics. A team effort in putting together several functions that provided additional revenue plus a close scrutiny on managing the football club has led to our best result on the books for quite a long time. We could not have done this without the assistance of Wests Ashfield who again have provided the Major sponsorship for our team, not only that but their expertise in finance and administration has helped us throughout this past season. I would like to thank Simon Cook, Chris Schubert and all the many staff at Wests Ashfield.

Memberships exceeded for 2012 and home-game attendance was up significantly for the year, as were our merchandise sales. Thank you to our loyal supporters.

Given all the challenges faced, in regards to our past season this is an outstanding result.

To all our associated sponsors, many thanks from the Wests Board and Wests team, we are proud of our association with you and look forward to our continuing association.

www.westsmagpies.net 4


• Quality Control Paint and Panel• Macarthur Automotive• CSM International• PRIME Physiotherapy• Alsco Linen Services• Fruit Lovers Maket• Victor Sports

So what of the future?

Early last year, we set out to turn this Club around by laying out a new strategy for growth together with a commitment to doing what needed to be done to bring that strategy to life. At a board and senior management level, we are putting in place plans to ensure that we continue with the success of 2013 on and off the field and that we have the resources to be competitive with other clubs.

We can’t fix everything overnight but we can get there in time if we remain focused and committed.

When a club is under a lot of pressure to change and focus on winning, it is often easier to see the imperfections rather than the progress being made. Without wanting to gloss over the gaps, I do want to highlight the winning outcomes we achieved this past year.

The return of the great Wests Magpies culture.

Success on the field.

A great relationship with Wests Tigers.

Solid financial performance within budget.

As a result, the changes this club is making are enormous. I know that some of the decisions we’ve made have been very tough on our membership and fan base but we needed to change to be competitive.

There is much work to be done, but we have the team in place to get there.

I am confident that bigger and better things lie ahead for our club.

Regards, Mick Liubinskas Chairman


General Managers Report 2013

On behalf of the Management, Staff and Players of Wests Magpies, I would like to sincerely thank the Board of Directors of both Wests Ashfield Leagues Club and Wests Magpies Rugby League Football Club for their unwavering support. Their friendship and guidance throughout the year was greatly appreciated. I also acknowledge the commitment of Mr Simon Cook, CEO Wests Ashfield and his staff for providing outstanding facilities and service of the highest standard.

Wests Magpies RLFC enjoyed a stellar year reaching the grand final qualifier which was played against eventual 2013 Grand Final winners, Wentworthville. The match was played on 22 September 2013 at Win Jubilee Kogarah Oval. Several of our players took injuries into the game which had a negative impact on the team’s performance towards the end of the second half. Simply put, the injury toll prevented us from having a fit interchange bench; however the boys battled hard before going down 32 to 24. In the lead up semi-final games, Wests Magpies recorded the following wins: 28 – 18 vs. Auburn Warriors 7 September 2013. 24 – 20 vs. Cabramatta Two Blues 14 September 2013. Golden Point win.!!

Pre-Season training. 2014 Head Coach, Leo Epifania started his campaign with pre-season training commencing on Saturday 12 November 2013 at Durant Oval Warwick Farm. Leo and his staff worked very hard during the year to ensure the players were provided with high quality training facilities both at Durant Oval, Warwick Farm and The Whitlam Leisure Centre. Leo has been very busy recruiting and retaining players for 2014 and as a result I am sure we will have another successful season.

Cabramatta International 9’s. Over the weekend of 1 February 2014 Wests Magpies Ron Massey Cup competed in the Cabramatta 9’s competition. The hit out gave Leo the opportunity of seeing how his new recruits and those trialling for contracts perform under match conditions. Although the boys did not make it to the finals, they went very well.

Presentation Night 28 August 2013 Wests Ashfield Leagues Club. Pratten Park Magpies Club Person of the Year – LEO EPIFANIA. Bill Carson Award. Best performed local in grade - NATHAN WATERS John Donnelly Award. Best import in grade - SONI PASSI Rookie of the Year. SONNY BRISTOW



Alan Ridley Memorial Award. Most tries in grade – SAM AIGA. Jack Ashley Memorial Award. Most consistent performer - JEROME MOSE Bobby Fisher Memorial Award. Commitment & game preparation. - JAKE PEARCE Coach Award. TODD MAKEJEV. Best and Fairest Player. TOM MORRISON Leagues Club Player of the Year - DEAN RYSKO NSWRL Ron Massey Cup Player of the Year- DEAN RYSKO. Ball boys. Zac Moore, Dean Woodley and Ryan Topolski. Scott Morris – THE MIGHTY MAGPIE.

2013 NSWRL Ron Massey Cup Representative Team. Wests Magpies players Dean Rysko, Sam Aiga, Tom Morrison and Sonny Bristow were selected to play against Fiji Warriors at St Marys Stadium on 12/10/13. The team was too strong for the visitors winning 58 – 16. To have so many players selected in a representative team is an indication of the hard work put into the development of our players by Leo Epifania and his staff.

Support Staff. I have stated many times that the backbone of any Club is its volunteers and supporters. We are indeed lucky to have so many committed men and women who are prepared to give up countless hours to support our Club and for that I thank them.

Administration assistant. I welcome Mrs Valerie Mc Ewan to Wests Magpies as the Clubs new administration assistant. Valerie has been a strapper/trainer at Wests Magpies for many years and is an asset to our Club and RMC team.

Medical and other support. Dr Ody Missiakos, Dr Arash Nabavi, Ms Carman Raco, Ms Allina Inkster HCF, Tim Foulcher, Daniel Wainwright and Greg Williams, PRIME Physiotherapy, all play a very important role in the treatment of our players, ensuring they return to the field in a timely fashion. We also acknowledge Campbelltown and Liverpool City Councils for their friendship. In recent months Liverpool City Council improved the overall facilities at Durant Oval and for that I sincerely thank them.

Cheer girls. These young ladies, under the direction of Ms Kirsten Tulloch performed at our home and away games. They provided high quality entertainment during the half time interval and really added to the atmosphere of the day. Great effort girls!

Wests Magpies Archives. James and Alma Mc Whinnie, Ben Fischer and the other volunteers work hard to ensure the Magpie spirit will remain for generations to come.

Golf Day – Camden Valley Golf Resort 14/08/13. The day was a great success with all monies raised used to develop our up and coming rugby league players.



Wests Magpies Harold Matthews and SG Ball gear presentation night. On 4 February 2014 I attended Wests Leagues Club Campbelltown for the presentation to our junior representative players their playing gear for the coming season. The players were professionally turned out with the night supported by their family and friends. I thank Ben Rogers and Warren Mc Donnell for the invitation and acknowledge all of their hard work leading into the 2014 season.

Yours in sport,

S.A. Reeves Wests Magpies



Harold Matthews Adam Hoffmann Lalotoa Mata’afa Brad Donnelly Lenny Sauni Christian Poutua Liam Cassidy Daniel Roberts Nathan Potts David Wright Poi Mati-Leifi Eddie Kendall Ray Stone Elijah Mannah Ricardo Rahme Evander Titie Ryan Leet Hosea Leuea Samoa Meafua Jack Hart Taniella Paseka Jaydon Sienkiewicz Tre Sio Julius Tavaao Harrison Coskerie Kye Madden

Coaching Staff Head Coach Shane Sultana Assistant Coach Dave Greene Assistant Coach Glen Debono Manager Brent Ward Strength & Conditioning Nathan Spencer Medical Trainer Reshan Muthukrishna Trainer Tim Auremi Trainer Daniel Heckenberg



Harold Matthews (Continued)

Results

Round 1 Vs Norths: Won 36 to 10 Round 2 Vs Melbourne: Won 54 to 12

Round 3 Vs Western Sydney: Won 26 to 12 Round 4 Vs Balmain: Won 28 to 24

Round 5 Vs St George: Won 24 to 18 Round 6 Vs Canberra: Won 18 to 0

Round 7 Vs Central Coast: Won 24 to 16 Round 8 Vs SWSAS: Won 58 to 0

Round 9 Vs Canterbury: Won 8 to 6

Finished 2nd in Regular Season

Round Quarter Final Vs Penrith: Won 23 to 16 Round Semi Final Vs Parramatta: Lost 54 to 10



SG Ball Bradley Larter Maliko Filino Brent Downey Mark McCormack Chris Ve'e Mason Cerruto Jackson Kuli Mitchell Gough Jaiden Laing Robert Vai Jarred Sheehan Sinapati Solia Jermaine Haule Tom Harris Jesse Jackson Tyson Wawatai Jett Karam Vinnie Fonoti John Martin Dane Coskerie Jonah Ruka Jim Ah Cheung Joshua Burke Jack Payne Lewis Tucker Makaere Bush Liam Cavana Raui Poaru Lukhan Lealaiauloto-Tui



SG Ball (Continued)

Coaching Staff Coach Chris Bradbury Assistant Coach Brad Jennings Assistant Coach John Stanley Manager Warren Burge Medical Trainer Paul Ashkar Strength & Conditioning Levih Warby Trainer Paul Markou Trainer Wayne Miller

Results Round 1 Vs Norths: Won 28 to 4

Round 2 Vs Melbourne: Lost 60 to 12 Round 3 Vs Western Sydney: Won 28 to 24

Round 4 Vs Balmain: Lost 18 to 10 Round 5 Vs St George: Lost 48 to 28 Round 6 Vs Canberra: Lost 54 to 24

Round 7 Vs Central Coast: Lost 30 to 10 Round 8 Vs West Coast Pirates: Won 52 to 24

Round 9 Vs Canterbury: Lost 76 to 10

Finished 13th in Regular Season

NSW Origin 4 Western Suburbs players made Possibles/Probables trial:

Ray Stone Harrison Coskerie Kye Madden David Wright

Ray Stone was successful in making U16 NSW State of Origin team.



2013 Statistics and match results.

Player Apps. App. in finals Tries Goals FG Points Tenisio AHOVELO (2) 0 Sam AIGA 19 3 13 1 54 Jamie ANYSKYWIECZ (4) 0 David ATUAU 13(8) 2(1) 9 29 94 Sonny BRISTOW 9(6) 3 5 20 Sean CONNOR 2(3) 1 0 Dayne CRAIG 14 3 9 36 # Josh DAVIS 2 2 8 # Richard ENE (2) 0 # Salesi FUNAKI (1) 0 # Matt GROAT 1 1 4 # Adrian HAANGANA 10 10 40 # David HARRIS 1 0 Mason HARRISON 7(1) 2 8 # Jy HITCHCOX 1 0 # Inno INOSESIO 2(2) 3 12 Joel JASMIN 3(4) 0 # Trent JENNINGS 4 1 4 Matt JONES 6(2) 1 4 Limoni KAMUTA 2(1) 2 4 16 Jhy KARAM 3(1) 5 10 # Shane LALOGAFAU 3(2) 6 24 # Nofoa LEAPAI (1) 0



Ron Massey Cup (Continued) # Jack MADDEN 1 0 Todd MAKEJEV 2(8) (3) 1 4 Tala MAPESONE 9(3) 6 24 # Michael MATE 4 1 4 Tom MORRISON 20 2 4 16 Jerome MOSE 19(1) 3 2 8 Jordan MOSE (1) 0 # Taqele NAYARAVARO 1 2 8 # Soni PAASI 7(6) (2) 6 24 # Eddie PAEA 3 3 9 30 Tuiniua PAIAAUA 12 7 28 # Mosese PANGAI 1 1 4 Jake PEARCE 1(1) 1 4 # Daniel RAKVIN (2) 0 Nathan RUMSBY 4(1) 0 Dean RYSKO 22 3 3 12 # Nathan SCARANO 2 2 3 12 Seffa SILAFAU 7(3) 1(1) 4 16 # Paul SIMONA 1 0 # Brad SOE 1 0 Chris STANDING 2(3) (2) 1 4 Michael STEVENS 10(1) 3 4 48 112 Player Apps. App. in finals Tries Goals FG Points Mason TALOLUA 10 3 0 Frederick TEVAGA (8) 1(2) 1 4 Fusi TOUTAI 12 5 20 Matiasi TOUTAI 3(7) 0 Amanono TOVIO 19 3 13 52 Nathan WATERS 13 1 2 8 # Luke WILLIAMS 1(1) 3 0

(INT) INDICATES INTERCHANGE PLAYERS. # W/T PLAYER.

2013 RMC RESULTS 1 v Auburn (W 8-18) 15 v The Entrance (W 16-40) 2 v Windsor (L 22-50) 16 v Burwood (W 22-12) 3 v Blacktown (L 46-26) 17 v Asquith (W 0-74) 4 v The Entrance (L 24-54) 13 v Windsor(W 18-30) 5 v Burwood N Ryde (L 26-18) 18 v Kingsgrove (W 4-104) 6 v Asquith (L 26-38) 19 v Mounties (L 22-36) 7 v Kingsgrove (W 32-24) 20 v Guildford (L 42-34) 8 v Mounties (L 66-16) 21 v Wentworthville (L 12-38) 9 v Guildford (W 26-24) 22 v Cabramatta (L 34-18) 10 v Wentworthville (L 21-14) FINALS WEEK ONE v Auburn (W 16-28) 11 v Cabramatta (L 10-38) FINALS WEEK TWO v Cabramatta (W 20-24) 12 v Auburn (L 22-26) FINALS WEEK THREE v Wentworthville (L 32-24) 14 v Blacktown (W 34-16) NB: HOME TEAM LISTED FIRST IN SCORE



Wests Magpies Life Members. (*Deceased.)

Mr Aplitt Jeff Dr McInerney Robert Mr Bernasconi Raymond Mr Mescia Ciriaco Mr* Brazier Arthur Mr Morris Ken Mr* Brooks John Mr* Mowbray John Mr* Caffrey Jack Mr O'Shea Kel Mr Charlton Neville Mr Owens Bill Mr Cochrane John Mr Parish Don Mr Cody Jim Mr Powell Ron Mr Cogger Trevor Mr Raudonikis Tom Mr Courte Frank Mr* Sharman Jim Mr Di Michiel Peter Mr Snare Jack Mr Dimond Peter Mr* Stanmore Frank Mr Donnelly Tom Mr Summons Arthur Mr Downie George Mr* Taylor Walter Mr Elford John Mr Thompson John Mr Ford Tony Mr Toomey John Mr Grimmond George Mr Wallington Mark Mr Hayes John Mr Wells Harry Mr Hill Ray Mr Zoeller Maurice Mr* Holman MBE Keith Mr Donnellan John Mr* Keato Bill Mr Skandalis John Mr Kelly Noel Mr Clarke Bruce Mr Kowald Brian Mr* Medway Jim Mr Malone Don Mr Schafer Bryan


100 Mr Hammond Kevin 144 Mr Hanson Garry101 Mr Reeves Stephen 145 Mr Harbon John102 Ms Romero Julie 146 Mr Peet Adam103 Mrs Romero June 147 Mr Watson-Hayes Daniel104 Mr Hardgrove Peter 148 Mrs Hore Merle105 Mr Bailey Michael 149 Mr* Hore Keith106 Mr Jubb Garry 150 Mr Moir Scott 107 Mr King Gregory 151 Mr Irwin Craig108 Mr Manning Scott 152 Mr Ivison Robert109 Mr McDonald Brian 153 Mr Jagodzinski David110 Mr Kennedy Kevin 154 Mr Kennedy Dennis111 Mr Broughton Stephen 155 Mr Lannan Anthony112 Mr Bulmer Clyde 156 Mr Lloyd Anthony113 Mrs Bulmer Kerrie 157 Mr Woodley Craig114 Mr Bulmer Marc 158 Mr Walker Mark115 Mr Bulmer Scott 159 Mr Hall Robert116 Mr Burgess Dennis 160 Mr McDonald Michael117 Mr Burrello Joseph 161 Mr Morrow Roger118 Mr Bryant Gary 162 Mr Moschner Bruce119 Mr Mandalinic Anthony 163 Mr Mullins Kerry120 Mr Carter Robert 164 Mr Mundine James121 Mr Cini Tony 165 Mr Mundine Roy122 Mr Pinkerton Michael 166 Mr Neilsen Donald123 Mr Clifford Kevin 167 Mr Noyce Stephen124 Mr Smith Rod 168 Mr Occhiuto Filippo125 Mr Topolski Ed 169 Mr Palmer Gary126 Mr Priest Gareth 170 Mrs Palmer Jacqueline127 Mr Whitten-Dines Devitt 171 Mr Dodds Ian128 Mr Towells David 172 Mr Paxton Robert129 Mr Sinclair Lindsay 173 Mr Peacock David130 Mr Brophy James 174 Mr Pearce John131 Mr Jones Pete 175 Mr Quill Timothy132 Mr Fisher Benjamin 176 Mr Moir Robert John133 Mr Mathews Patrick 177 Mr Mckinnon Neil134 Mr Clinch Bradley 178 Mrs Moir Barbara 135 Mr Jubb Matthew 179 Mr Gribble Paul136 Mr Forgeson Kevin 180 Mr Shepherd Lance137 Mr Francis Robert 181 Mrs Burgess Clare138 Mr Fraser Gordon 182 Mr Smith Russell139 Mr Coombs Paul 183 Mr Siver James140 Mr Gerantonis Paul 184 Mr Erskine Patrick141 Mr Gillian Stuart 185 Mrs Sutherland Elizabeth142 Mr Davies Robert 186 Mr Howie George143 Mrs Ward Rosslyn 187 Mr Dickinson Bob

FINANCIAL MEMBERS(Please NOTE – membership numbers were condensed to reflect the true number of financial members of WSDRLFC Ltd. Please see Steve Reeves after the AGM if you wish to query your

membership.)

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188 Mr Huthnance Shaun 235 Mr Wiles John189 Mr Ross Carl 236 Mrs Carter Kylie190 Mr Wayde Rick 237 Mr Main Peter191 Mr Spicer Raymond 238 Mr Emslie Ian192 Mr Spence Patrick 239 Mr Nelson David193 Mr Thomas Patrick 240 Ms Taylor Denise194 Mr Brann Tony 241 Mr Whittington Lewis195 Mr Payne John 242 Mr Nielson Greg196 Mr Reavell Trent 243 Mr Tropiano Vincent197 Mr Szynal Karl 244 Mr Topolski Keith198 Mrs Szynal Maria 245 Mr Cavanagh Shannon199 Mr Bowne Peter 246 Mr Baillie Phillip200 Mr Mishra Nilofar 247 Mr Solomon Anthony201 Mr Rohan Gregory 248 Mr Debenham Justin202 Mr McNeilly Raymond 249 Mr Jayaderan Jana203 Mr Tetley Peter 250 Mr Yablsey Richard204 Mr Lane-Mullins George 251 Mr Dunworth Dexter205 Mr Brown John 252 Mr Gentle Ken206 Mr Spotswood Geoff 253 Mr Stiles John207 Mr Myers Jim 254 Mr Epifania Leo208 Mr Kennedy David 255 Mr Sargent Mark209 Mr Ellison Wayne 256 Mr Giles Wayne210 Mr King Bill 257 Mr Walker Stephen 211 Mr Wendt Gavin 258 Mr Osborne Wayne 212 Ms McMahon Julie 259 Mr Draper Daniel213 Mr Green Gordon 260 Mr Drayton Michael214 Mr McDonnell Warren 261 Mr Edwards Lee215 Mr Heath James 262 Mr Aloisi Antonio216 Mr Spillane George 263 Mr Squires Geoffrey217 Mr Davis Glyn 264 Mr Leonard Craig218 Mr Fulton Mark 265 Mr Camillieri Joseph219 Mr Crocker Ray 266 Mr Weir Michael220 Mr Norris Craig 267 Mr Atkins Trevor221 Mr Evans Christopher 268 Mr Hodgson David 222 Mr Mayor Roger 269 Ms Szynal Valerie223 Mr Masters AM Roy 270 Mr Farrell Stuart224 Mr Gardiner Phillip 271 Mr Fabry William225 Mr Stamoulis Paul 272 Mr Craig Michael226 Mr Sipina Richard 273 Mr Sargood Adam227 Mr Liubinskas Michael 274 Mr Scerri Peter228 Mr Ison Colin 275 Mr Morris Scott229 Mr Medway Michael 276 Mr Storer Ben230 Mr O'Brien Chris 277 Mr Kuzela Kuz231 Mr Crocker William 278 Mr Delamotte Mitchell232 Mr Toby Keith 279 Mr Rowe Jamie233 Mr Szynal Graeme 280 Ms Sharpe Dianne234 Mr Bailey Mike Jnr 281 Mr Ward Leigh

FINANCIAL MEMBERS (Continued)

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282 Mr Tuxford Charles 308 Mr Irwin Paul283 Mr Wallace Paul 309 Mr Dowdell McPherson Mathew284 Ms Makejev Delma 310 Mr Cox John285 Mr Bilbija John 311 Mr Collis Barry286 Mr Bilbja Shannon 312 Mr Cole Andrew287 Mr Boyd Neil 313 Mr Raftery Daniel288 Mr Rush Peter 314 Mr Sacre Bruce289 Mr Epifania Leo 315 Mr Poole Dennis290 Mr Mc Ewan Dave 316 Mr Hartas Stephen291 Mrs Mc Ewan Valerie 317 Mr Lannan Sean 292 Mr Robinson Jeff 318 Mr Reid Benjamin293 Mr Apps Bradley 319 Mr Hingerty Michael294 Mr Maiden Rob 320 Mr Richards David295 Mr Harmon Stephen 321 Mr Rosenberg Robert296 Mr Moore Scott 322 Mr Reynolds David 297 Mr Stridiron Phillip 323 Mr Maher Brian 298 Mr Caulfield James 324 Mr Spedding John 299 Mr Tuialii Pitoitua 325 Mr Waugh Steve300 Mr Jowsey Horrie 326 Mr Kostov Mark301 Mr Spanos Con 327 Mr Felton Leigh302 Mr Chenery Michael 329 Mr Fitzgerald Anthony303 Mrs Rouland Jennifer 330 Mr Ash Mark304 Mr Moir Jason 331 Mr Camillos Angelo305 Mr Bridgman Steve 332 Mr Brodrick Jamie306 Mr Mallouhi Sam, 333 Mr Hamill Ian307 Mr Irwin Noel

FINANCIAL MEMBERS (Continued)

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MINUTES OF THE ANNUAL GENERAL MEETING OF WESTERN SUBURBS DISTRICT RUGBY LEAGUE FOOTBALL CLUB LIMITED HELD AT WESTS

ASHFIELD LEAGUES CLUB ON SUNDAY 24th MARCH 2013.

Meeting opened: 10am

Mr Michael Liubinskas, Chairman, declared meeting open.

Attendance: As per attendance sheet:

Mr Michael Liubinskas, Chairman, acknowledging those who have passed away, Billy Keato Ian Pumpkin Philips Ron Sudlow. He asked for a minutes silence from the members.

Introduction of Board Members: The Chairman, Michael Liubinskas introduced his fellow Board Members – Messrs Deputy Chairman Mike Bailey, Bob Cairns, Russell Smith, John Donnellan, Paul Dillon, Mick Pinkerton (Associate Director), Steve Reeves, General Manager.

Apologies: Daniel Watson Hayes, Scott Bulmer, John Wyles, Bob Paxton, Gavin Wendt, Bruce Moschner, Kerry Mullins, Received and noted.

Minutes of 2012 Annual General Meeting: Call that minutes be received. Mr Liubinskas asked the membership if they had any questions following that meeting and the minutes. Moved by Mr Bruce Sacre and Seconded by Mr Tony Andreachio that minutes be received. Moved and adopted. Carried Call on Business arising from minutes .There were no matters arising from those minutes

Annual Report: Annual report has been issued on website and in print. Move to receive and adopt Annual report. Moved by Mr Keith Topolski and Seconded by Mr Rick Wayde that the Annual Report be received. CARRIED.



Financial Statements: ML advised that the Auditor is not in attendance. Mr Liubinskas advised the meeting that there were no questions received in writing from the members regarding the financial statements. He asked if there were any questions from the floor. Moved by Mr Rick Wayde and Seconded by Mr Bruce Sacre to receive and adopt the financial statements and auditors report for 2013. CARRIED.

Election of Directors: Michael Pinkerton was nominated for position as Director, there were no other nominations. Moved to accept nomination –by Mr John Hayes, seconded by Mr Graeme Szynal. Carried Confirmed Michael Pinkerton as a Director on the board. Congratulations to Mr Mick Pinkerton.

Mr Bob Cairns gave a briefing on the illness of former director Mr Dave Jago.

LIFE MEMBER Mr Liubinskas advised of a new life member to the club. Introduction of Mr Brian Bluey Scheaffer A brief dissertation was given as to the service of Mr Scheaffer to the club. Mr Scheaffer was inducted as a life member. Congratulations to Mr Scheaffer. A presentation will be provided later as he was not in attendance.

General Manager advised the meeting that: Sponsorship packages were available for any sponsor wishing to be part of the club. The upcoming Golf Day at Lakeside The Heritage Night function in April

Thanks was passed to: Graeme Szynal – for maintaining Wests website Keith Topolski- game day reports and PA . Scott the Magpie for providing the mascot duties Wests Archives- for ongoing assistance to the club.

General Business: Ben Fisher (BF): advised that a listing of members was always included in annual report. Mick Liubinskas (ML) noted and will ensure list is included in 2013. BF Asked about constitution to stop directors being employed by Wests club and a motion required to act on that. ML advised that a motion was moved within board meeting and there are legal issues to change constitution.



James Mcwhinnie (JW): gave information regarding “skinny” Macmillan as a great Wests Magpies player. He advised people like the word Magpie and wondered why TV stations refer to Tigers all the time. Tedesco proved Wests can produce players. Asked why the board cannot put out the truth about ongoing issues at Wests Tigers. A news bulletin would be good. ML replied that the board is bound by confidentiality on particular issues.

Julie Romero: asked to capture in minutes that she did not resign but Wests Ashfield withdrew her nomination. ML apologised and will amend in 2013

Paul Stamoulis (PS): Asked if 2013 State Cup conditions met or not met. ML advised all conditions have been met. Are Wests Magpies the district club in Southwest. ML advised yes. Wests Tigers (WT) is the joint Venture name, with Ryde Eastwood (RE) sponsor of WT SC (STATE CUP) team. Why is not Wests Ashfield (WAL) on back of jersey. ML advised that RE provide a sponsorship deal with WT. It appears the branding is more to Balmain, WAL need to recognise that. For the WT 2014 jersey design will Wests have an input. ML advised that they have already had input to the design. All WT players are members of Balmain football club, how has that happened? Can it be checked. ML advised he will check. And also WT players to be members of Wests Magpies.

Ben Fisher: explained that anyone who plays for a club must be a member of that club, as confirmed by NSWRL. ML advised that Wests players are members of Wests Magpies.

Rick Wayde (RW) in reference to Balmain badges, it could have been that someone paid for membership. Also advised that the Wests group is united in their cause for Wests Tigers.

Bruce Sacre (BS) (262) WISHED Wests every success on the golf day , but would require the date and time of the event.

Graeme Szynal (GS) (366) Advised of many positives. On line membership via website going well. Congratulations on Wests Magpies 2013 jersey. Volunteer base setup via Keith Topolski , all going well. Fanatics group back and involved with Wests. Thanks to Ed Topolski for great work on Website with information and news.

Dennis Poole (DP) Query on Wests Tigers orange colour?



ML advised it may be marketing persons who chose colour.

Scott Morris (SM): How long is arrangement with WT and State Cup? ML advised we have the right to enter into any completion. • SC team conditions are for 2 years. • Wests are committed to RM Cup for 2014 • Wests operate effectively with WT.

Pat Mathews: query on Harold Matts halfback Potts not being signed. ML advised he will check with WT

Dennis Poole: advised Dundas u/16 in Balmain comp no other teams? ML advised that is an issue for Balmain JRLFC.

Steve Hartas (196) there is no point in SC team for Wests if we cannot have any players via WT. ML advised that WT players will drop back to Wests via WT SC team.

Ben Fisher: have Wests decided on next year’s team in SC comp, last year at AGM, the board promised to call a meeting prior to 30th June, but called info meeting later in year. Members at that meeting voted against SC team with WT. The board is doing everything to help Balmain. Are Wests putting any money into Wests Tigers SC team. ML advised that we worked with WT to form SC team on certain conditions. WAL only provided a grant for RM cup team for Wests. Ben Fisher: the board is ignoring members wishes as members do not want a WT state cup team. ML advises that the WT SC team has conditions and is not a merger of Wests and Balmain but solely WT. WAL only to fund RM cup team for Wests.

Rick Wayde: the real issue was an incorrect motion at the info meeting. Wests do not do business with Balmain. It was a WT decision to run a SC team Wests made a decision not to run a SC team.

Julie Romero: Did Wests express displeasure at the RE logo sponsorship? ML advised that RE are a sponsor and have an entitlement to do business with WT. Simon Cook: advised that front of Jersey is about $800k sponsorship Also advised RE sponsorship for SC team is over market value.

Clare Burgess: asked if WAL is major sponsor for RM Cup team. ML advised yes, contributing $200k plus admin and junior reps outsourcing for a combined $350k



Keith Topolski: (386) Please follow up on Balmain and WT membership and where does that money come from? WT marketing? it is favouring Balmain and Leichardt oval each time whereas Campbelltown does not seem to be promoted as good. The James Bond promotion was big. Need to point out to WT that there are 2 sides of JV. ML advised he will check. No further questions in general business. ML called meeting to a close

Meeting Closed 12.20pm


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ACN 003 390 467

Annual Financial Report 31 October 2013

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Western Suburbs District Rugby League Football Club LimitedDirectors’ Report

Your Directors present their report together with the financial report of Western Suburbs District Rugby League Football Club Limited (the Company) for the year ended 31 October 2013 and the auditor’s report thereon.

Directors The Directors of the Company in office at any time during or since the end of the financial year are:

Name Period of Directorship

M Liubinskas (Chairman) 21 December 2011 to date M Bailey (Deputy Chairman) 21 December 2011 to date P Dillon 31 March 2011 to date R Cairns 31 March 2012 to date R Smith 21 December 2011 to date J Donnellan 21 December 2011 to date M Pinkerton (Appointed during the financial year) 29 January 2013 to date

Directors’ meetings The number of Directors’ meetings attended by each of the Directors of the Company during the financial year is:

Director Number of

Meetings Attended Number of

Meetings Held *

M Liubinskas 11 11 M Bailey 10 11 P Dillon 6 11 R Cairns 9 11 R Smith 11 11 J Donnellan 10 11 M Pinkerton 10 11

* Number of meetings held during the time the Director held office during the year.

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Western Suburbs District Rugby League Football Club LimitedDirectors’ Report (continued)

Membership The Company is a Company limited by guarantee and is without share capital. The number of members as at 31 October 2013 and the comparison with last year is as follows:

2013 2012

Ordinary 277 306 Life 37 38

314 344

Members' limited liability

In accordance with the Constitution of the Company, every member of the Company undertakes to contribute an amount limited to $4 per member in the event of the winding up of the Company during the time that he is a member or within one year thereafter. The total amount that the members of the Company are liable to contribute if the Company is would up is $1,256 (2012: $1,376).

Operating result

The net loss before tax for the year amounted to ($2,766) compared with a profit before tax of $38,029 for the prior year. This resulted after charging $6,494 (2012: $12,280) for depreciation.

Short tem

The short term objective is to ensure the viable operation of the traditional 105 year old Western Suburbs Magpies as part of the District Representative Football Competition, and to ensure that aspiration towards and beyond that level by Junior players within the Macarthur Region gives them the opportunity to shine and develop as sports people as we continue to live up to our charter in supporting Rugby League Football in Sydney’s West.

Long term

The Club aims to continue to be a useful conduit for the youth of the Macarthur Region in providing the facilities for their enhanced development as Rugby League players. The Board and Management of the Club will continue to review progress and amend objectives where necessary to ensure the Club has a long-term and viable future.

Strategy for achieving the objectives

The Club will endeavor to continue to provide prudent economic management and will reach out to a network of sponsors to help its aims, and will continue to be monitored and managed carefully. It will continue to engage with the members and with internal and external management systems to enable continued development.

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Western Suburbs District Rugby League Football Club LimitedDirectors’ Report (continued)

Principal activities

The principal activities of the Company during the course of the financial year were the running of football teams in the New South Wales competitions and the development of Rugby League.

There have been no significant changes in the nature of these activities during the year.

How these activities assist in achieving the objectives

Activities pursued by the Club to assist the development of Rugby League Football in Sydney’s West will continue to provide important facilities for our players and coaching staff, while also providing exciting opportunities for our members and supporters to gain enjoyment viewing high standard winter sports.

Performance measurement and key performance indicator

A number of KPIs are analysed to measure the performance of the business. These include the achievements of our players and coaching staff, and the development of those key individuals to even higher levels of football achievement. Against this background, management and the Board remain determined to operate the Club at a high level of efficiency and to remain within the budgets dictated by our continuing grants, sponsorship, membership and crowd attendance.

Auditor’s independence declaration A copy of the auditor's independence declaration as required under Section 307C of the Corporations

Act 2001 is set out on page 28.

Signed in accordance with a resolution of the Directors.

Dated at Ashfield this 28 day of January 2014

M Liubinskas Chairman

27

Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au

Level 11, 1 Margaret St Level 11, 1 Margaret St Sydney NSW 2000 Australia

DECLARATION OF INDEPENDENCE BY PAUL CHEESEMAN TO THE DIRECTORS OF WESTERN SUBURBS DISTRICT RUGBY LEAGUE FOOTBALL CLUB LIMITED

As lead auditor of Western Suburbs District Rugby League Football Club Limited for the year ended 31 October 2013, I declare that, to the best of my knowledge and belief, there have been no contraventions of:

• the auditor independence requirements of the Corporations Act 2001 in relation to the review; and• no contraventions of any applicable code of professional conduct in relation to the review.

Paul Cheeseman

Partner

BDO East Coast Partnership

Sydney, 28 January 2014

BDO East Coast Partnership ABN 83 236 985 726 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO East Coast Partnership and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania.

28

Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au

Level 11, 1 Margaret St Sydney NSW 2000 Australia

INDEPENDENT AUDITOR’S REVIEW REPORT

To the members of Western Suburbs District Rugby League Football Club Limited

Report on the Financial Report

We have reviewed the accompanying financial report of Western Suburbs District Rugby League Football Club Limited, which comprises the statement of financial position as at 31 October 2013, and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year ended on that date, notes comprising a summary of significant accounting policies and other explanatory information, and the Directors’ declaration.

Directors’ Responsibility for the Financial Report

The Directors of the disclosing entity are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards – Reduced Disclosure Requirements 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.

Auditor’s Responsibility

Our responsibility is to express a conclusion on the financial report based on our review. We conducted our review in accordance with Auditing Standard on Review Engagements ASRE 2415 Review of a Financial Report – Company Limited by Guarantee, in order to state whether, on the basis of the procedures described, we have become aware of any matter that makes us believe that the financial report is not in accordance with the Corporations Act 2001 including: giving a true and fair view of the disclosing entity’s financial position as at 31 October 2013 and its performance for the year ended on that date; and complying with Australian Accounting Standards – Reduced Disclosure Requirements and the Corporations Regulations 2001. ASRE 2415 requires that we comply with the ethical requirements relevant to the review of the financial report.

A review of a financial report consists of making enquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Australian Auditing Standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

BDO East Coast Partnership ABN 83 236 985 726 is a member of a national association of independent entities which are all members of BDO (Australia) Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO East Coast Partnership and BDO (Australia) Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation (other than for the acts or omissions of financial services licensees) in each State or Territory other than Tasmania.

29

INDEPENDENT AUDITOR’S REVIEW REPORT (CONTINUED)

Independence

In conducting our review, we have complied with the independence requirements of the Corporations Act 2001. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the Directors of Western Suburbs District Rugby League Football Club Limited, would be in the same terms if given to the Directors as at the time of this auditor’s review report.

Conclusion

Based on our review, which is not an audit, we have not become aware of any matter that makes us believe that the financial report of Western Suburbs District Rugby League Football Club Limited is not in accordance with the Corporations Act 2001 including:

(a) giving a true and fair view of the disclosing entity’s financial position as at 31 October 2013 and of its performance for the year ended on that date; and

(b) complying with Australian Accounting Standards – Reduced Disclosure Requirements and Corporations Regulations 2001.

BDO East Coast Partnership

Paul Cheeseman Partner

Sydney, 28 January 2014

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Declaration by Directors

The Directors of Western Suburbs District Rugby League Football Club Limited declare that:

1. In the Directors’ opinion the financial statements, comprising the statement of profit or loss and other comprehensive income, statement of financial position, statement of cash flows, statement of changes in equity, and accompanying notes set out on pages 32 to 48, are in accordance with the Corporations Act 2001, including:

a. giving a true and fair view of the Company’s financial position as at 31 October 2013 and of itsperformance for the year ended on that date; and

b. complying with Australian Accounting Standards – Reduced Disclosure Requirements and theCorporations Regulations 2001.

2. there are reasonable grounds to believe that the Company will be able to pay its debts as and whenthey become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors and is signed for and on behalf of the Directors by:

Ashfield, 28 January 2014

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Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 31 October 2013

Note 2013 2012 $ $

Revenue

Revenue 127,842 105,822

Other Income 373,188 485,555

Total revenue and other income 2 501,030 591,377

Expenses Raw materials and consumables used 3 (63,806) (22,485) Depreciation expense 3 (6,494) (12,280) Football expenses (188,113) (194,412) Employee benefits expense (180,737) (255,880) Occupancy expenses (17,448) (29,509) Bad debts written off (5,000) - Sponsorship expenses (1,713) (677) Motor vehicles expenses (14,472) (5,747) Other expenses from ordinary activities (26,013) (32,358)

(503,796) (553,348)

Profit/ (loss) before income tax (2,766) 38,029

Income tax expense 1(e) - -

Net profit/(loss) after income tax expense attributable to members 9 (2,766) 38,029

Other comprehensive income, net of tax - -

Total comprehensive income for the year attributable to members (2,766) 38,029

The Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes set out on pages 36 to 48.

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Statement of Financial Position As at 31 October 2013

Note 2013 2012 $ $

ASSETS

Current Assets Cash and cash equivalents 4 47,042 34,250 Trade and other receivables 5 32,528 15,077 Inventories 6 13,260 2,413

Total Current Assets 92,830 51,740

Non-Current Assets Property, plant and equipment 7 8,475 22,508

Total Non-Current Assets 8,475 22,508

Total Assets 101,305 74,248

LIABILITIES

Current Liabilities Trade and other payables 8 84,462 54,639

Total Current Liabilities 84,462 54,639

Total Non-Current Liabilities - -

Total Liabilities 84,462 54,639

Net assets 16,843 19,609

Members’ Funds Retained profits 9 16,843 19,609

Total Members’ Funds 16,843 19,609

The Statement of Financial Position should be read in conjunction with the accompanying notes set out on pages 36 to 48.

33


Statement of Changes in Equity For the Year Ended 31 October 2013

Retained Total Earnings Equity

$ $

Balance at 1 November 2011 (18,420) (18,420)

Net profit after income tax for the year 38,029 38,029

Other comprehensive income for the year, net of tax - -

Total comprehensive income for the year 38,029 38,029

Balance at 31 October 2012 19,609 19,609

Net loss after income tax for the year (2,766) (2,766)

Other comprehensive income for the year, net of tax - -

Total comprehensive income/(loss) for the year (2,766) (2,766)

Balance at 31 October 2013 16,843 16,843

The Statement of Changes in Equity should be read in conjunction with the accompanying notes set out on pages 36 to 48.

34


Statement of Cash Flows For the Year Ended 31 October 2013

Note 2013 2012 $ $

Cash Flows From Operating Activities Receipts from customers 531,142 596,119 Payments to suppliers and employees (526,159) (565,904) Interest received 82 167

Net cash inflow from operating activities 5,065 30,382

Cash Flows From Investing Activities Receipts from disposal of assets 7,727 -

Net cash outflow from investing activities 7,727 -

Net increase in cash and cash equivalents 12,792 30,382

Cash and cash equivalents at the beginning of the financial year 34,250 3,868

Cash and cash equivalents at the end of the financial year 4 47,042 34,250

The Statement of Cash Flows should be read in conjunction with the accompanying notes set out on pages 36 to 48.

35


Notes to the Financial Statement For the Year Ended 31 October 2013

1 Summary of Significant Accounting Policies

The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

New, revised or amending Accounting Standards and Interpretations adopted

The Company has adopted all of the new, revised or amending Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (AASB) that are mandatory for the current reporting period.

The Company has early adopted AASB 1053 'Application of Tiers of Australian Accounting Standards,' AASB 2010-02 'Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements' and later amending Standards, as relevant. No other new, revised or amending Accounting Standards or Interpretations that are not yet mandatory have been early adopted.

Any significant impact on the accounting policies of the Company from the adoption of these Accounting Standards and Interpretations are disclosed in the relevant accounting policy. The adoption of these Accounting Standards and Interpretations did not have any significant impact on the financial performance or position of the Company.

The following Accounting Standards and Interpretations are most relevant to the Company:

AASB 1053 Application of Tiers of Australian Accounting Standards

The Company has early adopted AASB 1053 from 1 November 2009. This standard establishes a differential financial reporting framework consisting of two Tiers of reporting requirements for preparing general purpose financial statements, being Tier 1 Australian Accounting Standards and Tier 2 Australian Accounting Standards - Reduced Disclosure Requirements. The Company being classed as Tier 2 continues to apply the full recognition and measurements requirements of Australian Accounting Standards with substantially reduced disclosure in accordance with AASB 2010-2 and later amending Standards, as relevant.

AASB 2010-2 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements

The Company has early adopted AASB 2010-2 from 1 November 2009. These amendments make numerous modifications to a range of Australian Accounting Standards and Interpretations, to introduce reduced disclosure requirements to the pronouncements for application by certain types of entities in preparing general purpose financial statements. The adoption of these amendments has significantly reduced the company's disclosure requirements.

AASB 2011-2 Amendments to Australian Accounting Standards arising from the Trans-Tasman Convergence Project - Reduced Disclosure Requirements

AASB 2012-7 Amendments to Australian Accounting Standards arising from Reduced Disclosure Requirements and

AASB 2012-11 Amendments to Australian Accounting Standards – Reduced Disclosure Requirements and Other Amendments

The Company has early adopted AASB 2011-2, AASB 2012-7 and 2012-11 amendments from 1 November 2012, to the extent that they related to other standards already adopted by the company. These amendments make numerous modifications to a range of Australian Accounting Standards and Interpretations to significantly reduce the Company's disclosure requirements.

36


Notes to the Financial Statement For the Year Ended 31 October 2013 (continued)

1 Summary of Significant Accounting Policies (continued) AASB 2011-9 Amendments to Australian Accounting Standards - Presentation of Items of Other Comprehensive Income

The Company has applied AASB 2011-9 amendments from 1 November 2012. The amendments requires grouping together of items within other comprehensive income on the basis of whether they will eventually be 'recycled' to the profit or loss (reclassification adjustments). The change provides clarity about the nature of items presented as other comprehensive income and the related tax presentation. The amendments also introduced the term 'Statement of profit or loss and other comprehensive income' clarifying that there are two discrete sections, the profit or loss section (or separate statement of profit or loss) and other comprehensive income section.

Basis of preparation

These general purpose financial statements have been prepared in accordance with Australian Accounting Standards - Reduced Disclosure Requirements and Interpretations issued by the Australian Accounting Standards Board (AASB) and the Corporations Act 2001. These financial statements do not comply with International Financial Reporting Standards as issued by the International Accounting Standards Board (IASB).

The financial report consists of the financial statements, notes to the financial statements and the Directors’ declaration.

The financial statements are presented in Australian dollars, which is the Company's functional and presentation currency.

The Company is a not for profit entity for the purpose of preparing these financial statements, which means that in preparing the financial report, the Company has applied the exemptions available for not for profit entities.

The financial report was authorised for issue on 28 January 2014, in accordance with a resolution of Directors. The Directors have the power to amend and reissue the financial report.

Historical cost convention

The financial statements have been prepared under the historical cost convention.

Critical accounting estimates

The preparation of the financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 1(m).

37



1 Summary of Significant Accounting Policies (continued)

(a) Revenue Recognition – Note 2

Revenues are recognised at fair value of the consideration received or receivable net of the amount of goods and services tax (GST) payable to the taxation authority. Exchanges of goods or services of the same nature and value without any cash consideration are not recognised as revenues.

Sale of Goods

Revenue from the sale of goods comprises revenue earned from the provision of other goods and is recognised (net of rebates, returns, discounts and other allowances) on the point of delivery as this corresponds to the transfer of significant risks and rewards of ownership of the goods.

Rendering of Services

Revenue from rendering services comprises revenue from gaming facilities together with other services to members and other patrons of the club and is recognised when the services are provided.

Interest Revenue

Interest revenue is recognised using the effective interest rate method, which, for floating rate financial assets is the rate inherent in the instrument.

(b) Other Income

Sale of Property, Plant and Equipment

The gain or loss on disposal of property, plant and equipment is calculated as the difference between the carrying amount of the asset at the time of disposal and the net proceeds on disposal (including incidental costs) and is recognised as other income at the date control of the asset passes to the buyer.

Grants

Grants are recognised at their fair value where there is a reasonable assurance that the grant will be received and all attached conditions will be complied with.

(c) Going Concern

The financial report has been prepared on a going concern basis, which contemplates continuity of normal trading activities and the realisation of assets and settlement of liabilities in the normal course of business.

The Company is reliant on grants provided by Western Suburbs Leagues Club Limited (Wests Ashfield) for its on-going operations and Wests Ashfield has committed to provide the Company grants amounting to $297,000 for the financial year ending 31 October 2014. Wests Ashfield will also continue to provide administrative support in managing the operations of the Company.

38




(d) Goods and Services Tax

Revenues, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of the expense.

Receivables and payables in the Statement of Financial Position are shown inclusive of GST.

The net amount of GST recoverable from, or payable to, the Australian Taxation Office is included as a current asset or liability in the Statement of Financial Position.

Cash flows are included 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.

Commitments and contingencies are disclosed net of the amount of GST recoverable from, or payable to, the Australian Taxation Office.

(e) Income Tax

The Company is exempt from income tax under the provisions of Section 50-45 of the Income Tax Assessment Act 1997, by virtue of the fact that the Company is a sporting club established for the purpose of providing sporting facilities to its members.

(f) Impairment of Assets

Non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount.

Recoverable amount is the higher of an asset’s fair value less costs to sell and value-in-use. The value-in-use is the present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or cash-generating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a cash-generating unit.

(g) Cash and Cash Equivalents – Note 4

Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

(h) Trade and Other Receivables – Note 5

Trade debtors and other receivables represent the principal amounts due at balance date plus accrued interest and less, where applicable, any unearned income and provisions for doubtful accounts.

39




(i) Inventories – Note 6

Inventories are measured at the lower of cost and net realisable value. Costs are assigned on the basis of weighted average costs.

(j) Property, Plant and Equipment – Note 7

All plant and equipment is stated at historical cost less depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items.

Subsequent costs are included in the assets’ carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the Statement of profit and Loss and Other Comprehensive Income during the financial period in which they are incurred.

The depreciable amount of all fixed assets is depreciated using the straight line/ diminishing value methods to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives, as follows:

Furniture and Fittings 10% - 20% Gymnasium Equipment 25% - 33% Motor Vehicles 25% Office Equipment 25%

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of the reporting period.

An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.

Gains and losses on disposals are determined by comparing proceeds with carrying amount. These are included in the Statement Profit and Loss and Other Comprehensive Income. When revalued assets are sold the amounts included in the revaluation reserve relating to those assets are transferred to retained earnings.

(k) Trade and Other Payables – Note 8

These amounts represent liabilities for goods and services provided to the Company prior to the end of the financial year which are unpaid. Due to their short-term nature they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.

40




(l) Employee Benefits

Wages and Salaries, Annual Leave

Liabilities for wages and salaries, including non-monetary benefits and annual leave expected to be settled within 12 months of the reporting date are recognised in other payables with respect to employees’ services up to the reporting date and are measured at the amounts expected to be paid

Superannuation Plan

The Company contributes to several defined contribution superannuation plans. Contributions are recognised as an expense as they are made. The Company has no legal or constructive obligation to fund any deficit.

(m) Critical Accounting Judgements, Estimates and Assumptions

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the reported amounts in the financial statements. Management continually evaluates its judgements and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgements, estimates and assumptions on historical experience and on other various factors, including expectations of future events that management believes to be reasonable under the circumstances. The resulting accounting judgements and estimates will seldom equal the related actual results. The judgements, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Estimation of Useful Lives of Assets

The Company determines the estimated useful lives and related depreciation charges for its plant and equipment. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation and amortisation charge will increase where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down.

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2013 2012 $ $

2 Revenue and Other Income

Revenue

Ticketing – presales and gate receipts 345 8,934 Sponsorship 38,009 47,758 Members’ subscriptions 3,324 3,080 Event, merchandise, fundraising and other income 86,082 45,883 Interest received 82 167

Total revenue 127,842 105,822

Other income Grants – Western Suburbs Leagues Club Limited 373,000 485,555 Net gain on disposal of non-current assets 188 -

Total Other income 373,188 485,555

Total Revenue and Other Income 501,030 591,377

3 ExpensesProfit/(loss) for the year includes the following specific expenses:

Expenses Event and merchandise cost of goods sold 63,806 22,485

Rental expense on operating leases 15,006 25,102

Depreciation Furniture and fittings 3,032 3,033 Gymnasium equipment - - Motor vehicles 3,101 8,887 Office equipment 361 360

Total depreciation 6,494 12,280

Defined contribution superannuation expense 4,773 11,089

42



2013 2012 $ $

4 Cash and Cash Equivalents

Reconciliation of Cash

Cash as at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:

Current

Cash at bank 47,042 34,250

5 Trade and Other Receivables

Current

Trade receivables 31,258 11,563 Other receivables 1,270 3,514

32,528 15,077

6 Inventories

Finished goods – at cost 13,260 2,413

43



2013 2012 $ $

7 Property, Plant and Equipment

Furniture and fittings At cost 30,325 30,325 Accumulated depreciation (23,758) (20,726)

6,567 9,599

Gymnasium equipment At cost 52,785 52,785 Accumulated depreciation (52,785) (52,785)

- -

Motor vehicles At cost 20,628 44,435 Accumulated depreciation (20,628) (33,795)

- 10,640

Office equipment At cost 3,602 3,602 Accumulated depreciation (1,694) (1,333)

1,908 2,269

Total property, plant and equipment 8,475 22,508

44



7 Property, Plant and Equipment (continued)

2013 2012 $ $

Reconciliations

Movements in Carrying Amounts

Movements in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year are set out below:

Furniture and fittings Carrying amount at beginning of year 9,599 12,632 Depreciation (3,032) (3,033)

Carrying amount at end of year 6,567 9,599

Gymnasium equipment Carrying amount at beginning of year - - Depreciation - -

Carrying amount at end of year - -

Motor vehicles Carrying amount at beginning of year 10,640 19,527 Depreciation (3,101) (8,887) Disposal of carrying amount (7,539) -

Carrying amount at end of year - 10,640

Office equipment Carrying amount at beginning of year 2,269 2,629 Depreciation (361) (360)

Carrying amount at end of year 1,908 2,269

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2013 2012 $ $

8 Trade and Other Payables

Trade creditors 56,197 31,399 Other creditors and accruals 23,513 7,584 Other related parties – Western Suburbs Leagues Club Ltd 4,752 15,656

84,462 54,639

9 Retained Profits

Retained profits/(accumulated losses) at the beginning of the year 19,609 (18,420) Net profit/(loss) attributable to members of the Company (2,766) 38,029

Retained profits at the end of the year 16,843 19,609

10 Commitments

Non Cancellable Operating Lease Expense Commitments

Future operating lease commitments not provided for in the financial statements and payable:

Within one year 2,640 21,252

11 Interest in Joint Venture

The Company holds an interest of 33.33% in a Company named Wests Football Group Pty Limited. The parent entity of Western Suburbs District Rugby League Football Club Limited is Western Suburbs Leagues Club Limited. The parent entity holds the remaining 66.67% (in 2012 33.33%) in the Western Suburbs Rugby League Football Group Pty Limited.

The Wests Football Group Pty Limited holds an interest of 50% in a joint venture entity named Wests Tigers Rugby League Football Pty Ltd (ACN 090 076 403) whose principal activity is to enter a Rugby League team in the National Rugby League Competition and to promote and develop the game of Rugby League.

Under the Wests Football Group Pty Limited agreement, Western Suburbs District Rugby League Football Club Limited is not required to make any shareholder grants to the joint venture entity. These grants are the sole responsibility of Western Suburbs Leagues Club Limited.

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12 Key Management Personnel Details

(a) Directors

The following persons were non-executive Directors of the Company during the financial year:

M Liubinskas M Bailey P Dillon R Cairns R Smith J Donnellan M Pinkerton (Appointed 29 January 2013)

(b) Other Key Management Personnel

The following persons also had authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly during the financial year:

Name Position

Mr S Reeves Football Operations Manager

(c) Key Management Personnel Compensation

2013 2012 $ $

Benefits and payments made to the Directors and Other Key Management Personnel - -

13 Related Parties

i) Key Management Personnel

Disclosures relating to key management personnel are set out in Note 12.

ii) Directors’ Transactions with the Company

From time to time, Directors of the Company, or their Director-related entities, may purchase goodsfrom the Company. These purchases are on the same terms and conditions as those entered into byother Company employees or customers and are trivial or domestic in nature.

Apart from the details disclosed in this note, no Director has entered into a material contract withthe Company since the end of the previous financial year and there were no material contractsinvolving Directors’ interests existing at year end.

47



13 Related Parties (continued)

2013 2012 $ $

iii) Transactions with Related Parties

Transactions with Western Suburbs Leagues Club Limited(Wests Ashfield) are as follows:

Grants received from Wests Ashfield 373,000 485,555

Payables to Wests Ashfield 4,742 15,656

14 Company Details

The Club is incorporated and domiciled in Australia as a Company limited by guarantee. At 31 October 2013 there were 314 members (2012: 344 members).

In accordance with the Constitution of the Company, every member of the Company undertakes to contribute an amount limited to $4 per member in the event of the winding up of the Company during the time that he is a member or within one year thereafter. The total amount that the members of the Company are liable to contribute if the Company is wound up is $1,256 (2012: $1,376).

The principal place of business is:

Whitlam Leisure Centre Woodward Park Memorial Avenue LIVERPOOL NSW 2175

15 Events Subsequent to Reporting Date

There are no matters or circumstances that have arisen since the end of the financial year that have significantly affected or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in future financial years.

48

Principle Sponsor

Valued Sponsors and Partners

Whitlam Leisure CentreWoodward ParkMemorial Avenue

LIVERPOOL NSW 2175

Documents

Western Suburbs District Rugby League Football Club Limited …footyindustry.com/files/2013Reports/NRL Clubs and Leagues... · 2014. 4. 5. · Western Suburbs District Rugby League