Bowlie report pages 2013_Layout 1

Transcription

BOARD OF DIRECTORS 2012-2013
CHAIRMAN
Neil Hartshorn
VICE CHAIRMEN
Ron Dean, Senior
Rick McAlister, Junior
TREASURER
John Callister
DIRECTORS
Maureen Dowling
Sharon Gaha
Graham Garnett
Michael Giddings
Colin Stubbs
Rex Sturt (Resigned 2/11/12)
CHIEF EXECUTIVE OFFICER
Jarrad Rossiter
AUDITORS
WalkerBDS
SOLICITORS
Allan R. Kelly
LIFE MEMBERS
Lewis Betts (Deceased 1/4/2013)
Graham Garnett
Heinz Huebner
Jack Piper
James Schroder
Kenneth Sturt
Kenneth Thomas
Geoffrey Wyse
John Wyse
Beryl Piper
Dulcie Sturt
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T U M U T B O W L I N G A N D R E C R E AT I O N C L U B L T D
NOTICE OF MEETING
NOTICE TO MEMBERS
CLUB TUMUT
ABN 62 001 001 074
Notice is hereby given that the fortieth Annual General Meeting of Club Tumut will be
held at the Company’s Registered Office, 24 – 30 Richmond Street, Tumut, on Sunday
8 September 2013 at 10a.m.
AGENDA
1. Chairman’s welcome;
2. Confirmation of the minutes of the 2012 Annual General Meeting;
3. Consideration of the Annual Report, Balance Sheet and Statement of Accounts;
4. Special Resolution 1;
5. To elect the Committee for the ensuing year, who shall constitute the Board
of Management of the Club;
6. Business of which due notice has been given;
7. Appointment of the Auditor; and
8. General discussions and recommendations to the Board of Directors but no
decisions shall be taken in relation to such business.
JARRAD ROSSITER
CHIEF EXECUTIVE OFFICER
ANNUAL SUBSCRIPTIONS BECAME DUE ON 31 MAY 2013
Total number of members 2,227
NOTICE
SECTION 41H REGISTERED CLUBS ACT 2006
FINANCIAL REPORTING REQUIREMENTS
In accordance with Section 41H of the Registered Clubs Amendment Act 2006, financial reporting requirements in relation to Directors and key personnel, the Secretary’s
Register is available for viewing by members at the office upon written request.
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SPONSORS
SPONSORSHIP
We are proud to have assisted the following local individuals and groups
during the Club’s 2012/13 financial year.
Bowlie Netball Team
Bowls Tournaments - Prize Money
Festival of the Falling Leaf
Luke McMahon
Men's Bowling Club - Bing Walder Shield / President's Cup
Men's Bowling Club - No. 3 Pennant Team
Mini Ball Team
Rotary Club of Tumut Inc.
Tumut Basketball Association
Tumut Minor Rugby League - 2012 Season
Tumut Public School
Tumut Regional Chamber of Commerce
Tumut Rodeo Club
Tumut Rugby League Football Club - 2012 Season
Tumut Rugby League Football Club - 2013 Season
Tumut Show Society
Tumut Swimming Club
Tumut Turf Club
Women's Bowling Club - Seniors Fours State Titles
Wyangle Cricket Club
Thanks also to the following businesses for their sponsorship:
Down 2 Earth Maintenance Pty Ltd, Fitzgerald Livestock,
Murray Glen Village, Nev’s Kitchens & Robes, STR Builders.
Bowls Tournament sponsors were:
BCIB, Coca-Cola, Tooheys Pty Ltd, Tumut Milk Supplies,
Hides Refrigeration, T.A.P.S., Elliott’s Landscape Supplies.
DONATIONS
"Chook" Dowell Fundraiser
Adelong Junior Sports Foundation
Australian Blind Bowlers Association Inc.
Can Assist
Franklin Public School
I.D.E.A.S.
Jeffrey Allen
Leukaemia Foundation of Australia
McAuley Catholic Central School
Movember
Rotary Club of South Wagga
Telstra Child Flight
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Tumut 000 Charity Bowls Day
Tumut Catholic Fete
Tumut High School
Tumut Hospital Ladies Auxiliary
Tumut Minor Rugby League
Tumut Pre School
Tumut Public School
Tumut Riding for the Disabled
Tumut Show Society
Tumut Tennis Club
Wyangle Cricket Club
NOTICE OF SPECIAL RESOLUTIONS
Members will be asked to consider and, if thought fit, pass the following Special Resolution:
SPECIAL RESOLUTION 1:
“That the members hereby approve the required amendments to the Club’s constitution (as tabled)
to introduce annual half-Board elections with Board members holding office for two [2] years, AND
to reduce to the Board to seven [7] members comprising of a Chairperson, a Deputy Chairperson, a
Treasurer and four [4] other Directors. AND toward the implementation of such changes: the members of the Board elected at the Annual General Meeting in 2013 shall be entitled to hold office until
the Annual General Meeting in 2014, and the annual half-Board election system will be introduced
at the election of the Board held in 2014.
Explanatory notes to be read in conjunction with Special Resolution 1:
It is the policy of the State Government to have clubs move away from one [1] year terms of office
for club directors. Therefore, it is proposed that the Board be elected for a two [2] year term of office
using the annual half-Board election system. As part of this change, it is also proposed that the
Board of Directors be reduced in number from nine [9] to seven [7] members. Under the annual halfBoard election system, an election will be held each year. In even numbered years, the Chairperson,
Treasurer and two [2] Directors will be elected, and in odd numbered years, the Deputy Chairperson
and two [2] Directors will be elected.
Towards the implementation of the annual half-Board election system, at the 2014 election, the
Chairperson and Treasurer will be elected to hold office for two [2] years; the two [2] Directors receiving the greatest number of votes will be declared elected for two [2] years; the Deputy Chairperson
will be elected to hold office for one [1] year; and the two [2] Directors receiving the next greatest
number of votes will be declared elected for one [1] year. The one [1] year terms of office in 2014
are required in order to establish the half-Board election cycle.
Nominations for the election of the Board to be held at this year’s Annual General Meeting (2013)
will be conducted in accordance with the current constitution.
The changes to the structure of the Board meet Club Best Practice Guidelines and are in line with
that of other modern and successful clubs.
The Board of the Club has endorsed the proposed changes. A copy of amendments is available from
the Secretary of the Club.
A special resolution must be passed as a whole and cannot be amended from the floor of the meeting or divided into two or more separate resolutions. The majority required for passing a special resolution is seventy-five per cent (75%) of members present and voting at the meeting.
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NOTICE OF RESOLUTIONS
FIRST RESOLUTION
That approval is given to a budget provision of an annual sum (not exceeding $30,000.00) to meet
such of the following expenses of the Club that may be approved by the Board of Director’s from
time to time.
i. Presentations to members (other than in form of money) or to other persons to acknowledge services which in the opinion of the Director’s were of benefit to the Club;
ii. Sponsorship by payment of money or provision of benefits to such sporting events, sports persons
or community organisations which in the opinion of Director’s will be of benefit to the Club or the
community;
iii. The reasonable cost of meal and beverages for each Director or Senior Management Officer’s at
an appropriate time before or after a Board or Committee meeting and which is incurred on the
day of that meeting;
iv. Reasonable expenses incurred by a Director either within the Club or elsewhere in relation to
duties of a Director, including the entertainment of special guests of the Club in relation to Club
business and such other promotional activities as may be approved by the Board; and
v. Reasonable expenditure of food and refreshments for Director’s and Senior Management Officer’s
in entertaining guests of the Club in the Club dining rooms, where such expenditure is reasonable and properly incurred in the course of that Director’s or Senior Management Officer’s Club
duties.
The Board of Director’s shall, where appropriate, obtain production of proper documentary evidence
of expenditure before authorising payment.
Items one (i) and two (ii) are inserted to meet the disclosure requirements of the Registered Clubs
Act and the Corporation Law. They formalise items of expenditure which have been shown for some
years in the Club’s Annual Accounts under various headings and which were previously approved by
members on adoption of accounts.
Items three (iii), four (iv) and five (v) need not be included in the resolution as the Act allows those
resolutions to be approved by the Board, but the Director’s would prefer to inform members clearly
of the type of expenses that may be approved by the Board and adoption of this resolution will confirm and set an upper limit on the amount to be expended.
SECOND RESOLUTION
That approval is given to a budget provision of an annual sum (not exceeding $30,000.00) to be
used for such professional developments and education of Director’s, the Chief Executive Officer or
any other employee of the Club as shall be approved by the Board of Director’s from time to time.
i. The reasonable cost (including to cost of meals, accommodation and travel) of selected Director’s
attending the Clubs NSW meetings, the meetings of other associations of which the Club is a
member, as well as educational industry meetings;
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NOTICE OF RESOLUTIONS
ii. The cost of selected Director’s attending formal functions to represent the Club (including but not
limited to functions and dinners conducted by Clubs NSW in conjunction with its Annual General
Meeting) and the cost associated with the attendance of Director’s spouses’ at any such function, where the attendance is expected or required;
iii. Costs of, and incidental to, Director’s fact finding and information tours including, but not limited to, seminars, trade displays, lectures, organised study tours and other like events as may be
approved by the Board from time to time;
iv. Attendance of selected Director’s at gaming conferences and other educational or business related activities on behalf of the Club; and
v. Such other reasonable out of pocket expenses incurred by the Chief Executive Officer, an employee or Director of the Club in the course of carrying out their duties in relation to the Club.
The Board of Director’s shall, where appropriate, obtain production of proper documentary evidence
of expenditure before authorised payment.
The Second Resolution is also not strictly necessary under the Act as all the specified expenditure can
be approved by the Board of Director’s without reference to a General Meeting of members.
However, once more, the Director’s would like to set out clearly for the benefit of the members, the
type of expenditure being incurred to ensure that Director’s keep up to date with current club industry developments and that the Club is represented by selected Director’s and employees at various
meetings of associations of which the Club is a member.
The adoption of this resolution by members will confirm and set an upper limit on the amount to be
expended.
THIRD RESOLUTION
That the following honorariums be paid to: Chairperson ($5,000.00), Treasurer ($3,000.00), Vice
Chairpersons {two [2] positions ($1,000.00 each)} and Directors {five [5] positions ($500.00
each)} in respect of his / her services, such sums to be paid quarterly in arrears.
FOURTH RESOLUTION
It was resolved to propose to nominate Mr Steven Walker of WalkerBDS Accountants and Business
Development Specialists to be appointed as auditor of the Company from the conclusion of the next
Annual General Meeting.
NOTE TO MEMBERS
i. Each resolution must be passed as a whole and cannot be amended by a motion from the floor
of the meeting or divided into separate resolutions;
ii. To be passed, each resolution must receive votes in favour from not less than a simple majority
of those members who, being entitled to do so, vote in person at the meeting; and
iii. The payment and benefits referred to in resolutions one [1] to three [3] are not available to members generally, but to those who are Director’s of the Club.
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NOTES TO MEMBERS
1. Section 41J (2) of the Registered Clubs Act requires the annual report to specify the Core Property
and Non Core Property of the Club as at the end of the financial year to which the report relates.
2. Core Property;
Is any real property owned or occupied that comprises;
a. The defined premises of the Club; or
b. Any facility provided by the Club for the use of its members and their guests; or
c. Any other property declared by a resolution passed by the majority of members present at a
General Meeting of Ordinary members of the Club to be Core Property of the Club.
3. Non Core Property;
Is any other property other than that referred to above as Core Property and any property which is
declared by the members at a General Meeting of Ordinary members of the Club not to be Core
Property.
4. The significance of the distinction between the two is that the Club cannot dispose of any Core
Property unless;
a. The property has been valued by a registered valuer within the meaning of the Valuers Act 2003;
b. The disposal has been approved at a General Meeting of Ordinary members of the Club at which
the majority of the votes cast support the approval; and
c. Any sale is by way of public auction or open tender conducted by an independent real estate agent
or auctioneer.
The disposal provisions and what constitutes a disposal for the purpose of Section 41J are to some
extent modified by regulations made under the Registered Clubs Act and by Section 41J itself.
Example, the requirements in paragraph 4 do not apply to:
a. Core Property that is being leased or licensed for a period not exceeding 10 years on terms that
have been the subject of a valuation by a registered valuer; and
b. Core Property that is leased or licensed to a telecommunications provider for the purpose of a
telecommunication tower.
DEFINITION OF CORE PROPERTY
• Defined space of the Clubhouse (building);
• Greens 1, 2 and 3
• Top Clubhouse
• Greenkeepers shed, barbecue area and toilet block
• Richmond Street carpark, carport and shed
DEFINITION OF NON CORE PROPERTY
Is any other property other than that referred to above as Core Property and any property which is
declared by the members at a General Meeting of Ordinary members of the Club not to be Core
Property.
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CHAIRMAN’S REPORT
Members, it is my pleasure to present to you my second annual report for the year ending 31
May 2013.
After a very hard year in club land throughout NSW, Club Tumut has finished the financial year with
a trading loss for the first time in ten [10] years. Still, it is not all bad news, as we finished the year
with a positive bank balance. Our good Treasurer John will have all in his report.
As from the 1st of July this year, at least two [2] of our Directors will have to complete two [2] modules of mandatory legislated Club Governance Reforms. These two [2] modules are Directors
Foundation and Management Collaboration and Finance for Club Boards.
At this Annual General Meeting our members will be asked to vote on a constitutional change to
reduce our Board of Directors from the present size of nine [9] Directors to a Board of Directors of
seven [7] Directors, this is happening in many Clubs throughout NSW. A Board of seven [7] Directors
chosen through a ballot will be more dynamic and effective for the Club, than a Board of nine [9]
Directors, scraped together with no ballot held. Failing to address the size of the Board and failing
to have a ballot is regarded as bad corporate governance.
The other notice of Special Resolution I would like you to give serious thought to, is to have Annual
Half Board Elections, whereby half of the Board is elected every year and Directors hold office for two
[2] years. This ensures retention of experience and Board continuity from year to year.
The Board and Management still have to deal with poker machine and gambling reforms and there
are a few lobby groups attempting to change the liquor laws, such as raising the drinking age and
raising the excise tax on alcohol.
The Club had solar panels installed during the year and they are serving to stabilise power price rises.
To my fellow Board members, thank you for your help and assistance throughout the year.
To C.E.O. Jarrad, Manager Karyn and Office Administrator Jodie, to our good bar staff, thank you for
a job well done. Also, the bus drivers and doormen, cleaner Margaret, thank you for your dedication
to your jobs.
To Greenkeeper Robert and helper Geoff thanks for your work to give us three [3] good quality
greens to play on.
I would like to thank all those people who give their time to sell raffle tickets on Thursday, Friday and
Saturday nights, the ladies who turn up week after week to call Housie and bingo and all those who
help at our annual tournaments. Thank you all for your help, we could not keep going without your
voluntary help.
Bad luck to our Men’s Pennants teams this year, with no teams progressing past Zone level.
Congratulations to all Club Championship winners and to those teams to play at Zone State games.
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CHAIRMAN’S REPORT
When you read this, our ladies No. 3 Pennant team will have played at State Finals in Nelsons Bay,
good luck and bring home a flag. Good luck also to the ladies Fours and Singles that have won at
Group Level and go on to State Playoffs. Also, many thanks to all those ladies who made breakfasts
and lunches for tournament players and sandwiches for Men’s Pennants players.
Lastly, to all our social members, thank you for your support. Club Tumut would not be what it is
today without you.
Good wishes to the incoming Board of Directors for next twelve [12] months.
Neil Hartshorn
Chairman
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TREASURER’S REPORT
The last twelve [12] months has been marked by a general downturn in consumer discretionary spending and business profitability, and our Club has not been able to escape the effects of this. With our
results for the year 2012 – 2013 showing a loss of $27,764.00, almost entirely due to the fall in our
gaming machine revenue. This was only partly offset by increases in most other areas of revenue, including our bar trade, coffee shop and Keno. There was also an increase in room and equipment hire, indicating an increased use of our venue, and in our interest payments and sponsorships. Expenditure has
been carefully controlled, with only marginal rises in wages and administration costs.
Capital expenditure for the year has been modest, totalling $117,000.00. Major items were the solar
panels ($49,980.00) and poker machine upgrades ($25,091.00). Smaller items included a new bar till
($6,500.00), a kitchen dishwasher ($4,730.00), bar glycol system ($6,831.00) and new function tables
and trolley ($7,562.00). It is anticipated that these expenditures will provide cost savings or improved
facilities for Club patrons.
As a sporting and community Club, we are committed to a diverse sponsorship program, with an
emphasis on our own game of bowls, with ($27,350.00) to tournaments, clubs and individual players.
Other major sponsorships went to the Tumut Blues ($12,500.00), Tumut Minor League ($5,000.00),
Festival of the Falling Leaf ($1,650.00), Bowlie Netball team ($1,030.00) and the Tumut Swimming Club
($500.00). Total sponsorship for the year was $49,404.00.
Our Club also supports a range of local charities, schools and organisations by way of donations
totalling $13,918.00 for the year. The major recipients were Can Assist ($6,270.00), Tumut 000 Charity
($2,000.00) and Riding for the Disabled ($1,770.00).
The Club runs a variety of promotions during the year, both to reward active members and to attract
new members to the Club. Member’s promotions costs for the year totalled $81,992.00, with member’s discounts (bar and coffee shop) at $29,838.00 and the bi-monthly Bonanza Draws at $23,636.00
the two largest items. The now defunct Spin and Win gave some lucky member or guests $6,970.00,
while the Members Badge Draw disbursed $8,600.00 and the Christmas Cash Promotion $7,000.00.
Catering subsidies and birthday meal vouchers were worth $8,110.00.
The Club industry in general is entering a difficult period, marked by falling gaming revenues, the continuing threat of gaming curtailment and an aging population with reduced spending confidence. The
Board is well aware of the coming problems and is looking at ways to diversify and attract a younger,
less gaming oriented clientele, as well as strengthening our bowling membership. I believe that one of
our potential strengths will be in our functions and facilities offerings, in order to improve our bar trading and general revenue.
This will be my last Treasurer’s report, as I have not nominated for the Board this year, and I wish the
incoming Treasurer all the best. I would like to thank all the Board members I have worked with for
their efforts over the years, and I congratulate Neil on a job very well done over the last two [2] years.
Finally, a Club is only as good as its staff, and I congratulate Jarrad, Karyn and Jodie on their management of the Club over the time I have worked with them. My thanks also to the bar, greens and cleaning staff for their work in making our Club the pleasant and efficient place it is.
John Callister
Treasurer
I NGG AANNDD RREECCRREEAT
ATI O
I ONN CCLLUUBB LLTTDD
TTUUMMUUTT BBOOWWLLI N
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Courtesy Shuttle
Tumut Bowling and Recreation Club Ltd Courtesy Shuttle is an amenity offered for the transport
of Members and Guests to and from the Club.
The Courtesy Shuttle is a free service on an availability basis and is not a guaranteed method of
transport.
Whilst every attempt will be made to satisfy the request of patrons, no guarantee can be given
that the shuttle will be available when required.
The Courtesy Shuttle operates Wednesday, Thursday, Friday and Saturday after 5.30pm within a 5
kilometer radius of the Tumut Bowling Club.
Children Travelling on the Courtesy Shuttle
• Children under the age of 7 years are not permitted to travel on the Shuttle.
• Children are not permitted to travel on an adults lap; they must have their own seat and use
the seat belt provided.
• Seats Belts are fitted and are required by Law to be worn.
Pick Ups
Patrons be aware when booking the Courtesy Shuttle that pick ups could be anytime within the
hour time frame due to availability.
Drop Off’s
Departure times from the Club will occur on the hour and ? hour until close depending on availability. Variations may occur depending on numbers.
Friday Nights after the Raffle the Bus will depart at 8.30pm.
For Bookings, please see the Bar Staff or Shuttle Direct - 0409472358
For the information of Members and Guests
131
ATI O
CHIEF
EXECUTIVE
OFFICER’S REPORT
BOARD OF
DIRECTORS
2008-2009
I look back on a year that was the most challenging that I have faced in my eight years as C.E.O.
With an unstable Federal Government, it seems the club industry is always under attack in one way
or another, from taxes to gaming reforms to alcohol related issues. All this on top of the continuing
increase in the cost of living has subsequently had a direct impact on the revenue of the Club.
With no light at the end of the tunnel, together with soon to be implemented limits on ATM withdrawals and the possible future costs of mandatory pre-commitment technology, this will no doubt
continue to affect the Club’s future revenue and inconvenience members. But we must accept this
as a part of life and move forward.
In summary, the past financial year saw a trading loss of $27,764.00, a result of a 7% decrease in
income, the majority of this due to a decrease ($121,604.00) in the net return from the gaming floor
and 3% increase in expenditure including electricity, freight, insurance, laundry and garbage, factors
beyond our control.
On a positive note, the Club’s cash flow remains positive, along with an increase in bar, coffee shop
and Keno revenue. Also, our capital investment in a 20kw solar system will help to offset the ever
increasing cost of electricity and with a decrease to greens maintenance and expenses, the artificial
green is showing a good return on investment.
Once again, our ties with the local community, schools, bowls and sporting groups remains strong
through donations, sponsorships and in-kind support totalling over $60,000.00. Not forgetting our
members, members’ promotions including beverage discounts, draws, meals and raffles totalled
$92,000.00.
Hats off to the Board of Directors and Chairman Neil for their countless unpaid hours spent pointing
the Club forward in difficult times.
To our outgoing Treasurer John Callister, thank you for your years of dedication to your role and the
Club. Most importantly, thank you for the support and guidance you have shown me over the years.
I congratulate the Men’s and Women’s Bowling Clubs for their efforts over the last year both on and
off the green. I look forward to working with this year’s committees to ensure the game of lawn
bowls continues to grow and prosper. To the Women’s Bowling Club Pennant Team, who will this
year contest the State Finals, best of luck and congratulations on your achievements thus far.
To the staff, I would like to extend my sincere thanks to my management team of Karyn and Jodie,
the bar staff, bus drivers, greens staff and Marg our lone cleaner. I thank you all for your dedication
and enthusiasm in working through the challenges of the past year.
In the coming year we look forward to utilising the Club’s facilities to their full potential, from functions and seminars to working with the Men’s and Ladies Bowling Clubs on the greens to generate
revenue.
In closing, I would like to thank the members and their guests for their ongoing support of Club
Tumut and its wonderful facilities.
Jarrad Rossiter
Chief Executive Officer
ATI O
122
MEN’S
CLUB2008-2009
REPORT
BOARD BOWLING
OF DIRECTORS
Welcome to all and another year gone by.
Not a good one on the bowling green with both Pennant grades failing to qualify. Social bowls has
been well supported but the same can’t be said for Club Championships, at times down in support,
with Singles, Pairs and Triples now over. My congratulations to those who were victorious in these
events and look forward to more nominations next year.
My sincere thanks go to Heinz Huebner for filling in for me on many occasions in my absence. Also
my thanks go to Rick McAlister and John Callister for keeping things running smoothly.
As I sign off for 2013, we must spare a moment for two great stalwarts on the bowling green, in Len
Betts and Ken Sturt who left us suddenly and their fun and laughter will be sadly missed.
To everyone else, good health and we will see you all on the green in the days ahead.
Yours in bowls,
Graeme Rossiter
President
2013 Club Champion Col Curtis in action against Tim Crampton
in the Champion of Champions final.
133
TTUUMMUUTT BBOOWWL LI N
ATI O
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BOARD OFWOMEN’S
DIRECTORSBOWLING
2008-2009
CLUB REPORT
I take pleasure in presenting my annual report. Thank you to Maureen, Jenny, Robyn, selectors, committee and club members who have contributed to our club over the last year with catering, selling
raffle tickets, calling bingo etc, great work ladies.
Thank you Jarrad, Karyn, Jodie, bar staff, greenkeeper Robert, Chairman Neil and the Board of
Directors, your support is much appreciated.
Congratulations to all this year’s Club Championship winners and the keen bowlers who have competed at District levels. Best of luck to our No. 3 Pennant side who will contest the State Finals at
Nelsons Bay in August and also the Fours team of Sharon, Mandy, Anne and Joy, as well as Singles
winner Sharon, who will contest State Finals at Tuncurry later this year after winning the Group PlayOff in Leeton.
Thanks to our social bowlers who turn up each week to keep our great game going.
I would like to wish the new committee all the best.
“Good clubs get better if everyone works together”
Gloria Hartshorn
President
The No. 4
Women’s
Pennants
team.
ATI O
124
TRAVELLING BOWLERS
It has been a slow but enjoyable year for the Travelling Bowlers Club.
In 2012 we saw a number of travelling bowlers groups visit
Tumut, including the Southern
LifeClub
Members
Tablelands Past Presidents Travelling Group and the annual
O Wyse
Hill Trophy with the Wagga Rules
Club, in which Tumut retained the trophy on home turf. Many
M Luffthanks to all our local bowlers who
continually support these days, ensuring they are enjoyable
events for our visiting bowlers.
F Jones
E McDougall
Again in 2012 / 2013 we attempted to organise more day trips, but to no avail, with a trip to
Piperof numbers and available dates.
Young and a trip to the North Coast both cancelled due toB lack
D Sturt
With Club Tumut a popular destination for other travelling bowlers, we see a number of dates
already earmarked for travelling groups towards the end of 2013. These include the S.C.C.
Travelling Bowlers from Gymea in September, Cooma Travelling Bowlers in October, the Wyse
Trophy (at the Rules Club) also in October and Engadine Travelling Bowlers in November.
With a healthy bank account, we will endeavour to organise a trip or trips in the coming year.
In closing, I would like to thank all those who helped with the Saturday raffles, barbecues and
other activities, especially Secretary Jenny Arragon and Treasurer Mandy Shoard, without this
small group of people there would be no travel in travelling bowlers.
Jarrad Rossiter
President
Linfox and
CanAssist
teams, part of
the 2013
Business House
bowls comp.
15
AUGUST 2013 – OCTOBER 2013 – DECEMBER 2013
FEBRUARY 2014 – APRIL 2014
16
SEPTEMBER 2013 – NOVEMBER 2013
JANUARY 2014 – MARCH 2014 – MAY 2014
17
FINANCIAL REPORT
Directors’ Report
Auditors Independence Declaration
Income Statement
Balance Sheet
Cash Flow Statement
Notes to the Financial Statements
Independent Audit Report
Director’s Declaration
Supplementary Information
Revenue Account
20
21
22
23
24
25
37
39
40
41
18
DIRECTOR’S
REPORT 2008-2009
BOARD OF DIRECTORS
TUMUT BOWLING & RECREATION CLUB LTD
DIRECTORS’ REPORT
Your directors present their report on the financial statements for the year ended 31 May 2013.
Objectives
The company’s objectives are to provide bowling, social and entertainment facilities for members.
Directors Information
The names of each person who has been a director during the year and to the date of this report are:
Name
Posi ti on
Occupati on
Dire ctor's
Me e tings
Atte ndance
Dire ctor's
Spe cial
Me e tings
Atte ndance
Finance
Me e tings
Atte ndance
Re mune ration
Me e tings
Atte ndance
C Hartshorn
Chairman
Retired
11 of 12
2 of 3
11 of 12
1 of 1
R Dean
Senior Vice Chairman
Retired
11 of 12
3 of 3
9 of 12
1 of 1
R McAlister
Junior Vice Chairman
Payroll Officer
12 of 12
2 of 3
12 of 12
1 of 1
J Callister
Treasurer
Retired
10 of 12
2 of 3
12 of 12
1 of 1
M Dowling
Director
Retired
11 of 12
3 of 3
S Gaha
Director
Bus Driver
8 of 9
1 of 2
G Garnett
Director
Retired
11 of 12
2 of 3
M Giddings
Director
Works Scheduler 11 of 12
3 of 3
C Stubbs
Director
Retired
3 of 3
10 of 12
The board meeting attendance, during the financial year, of directors who resigned or retired is set out
below:
R Sturt
Director
Retired
3 of 3
1 of 1
Principal Activities
The principal continuing activities of the company in the course of the last financial year was fostering
and promoting the spirit of lawn bowls, holding competitions and the conduct of a licensed social club.
No significant change in the principal activity of the company took place during the year.
Operating Results
The loss of the company for the financial year was $27,764 (2012: $82,381 profit)
139
ATI O
DIRECTOR’S REPORT
DIRECTORS’ REPORT
Members Guarantee
The company is a company limited by guarantee and is without share capital. The number of members
as at 31 May 2013 and the comparison with last year is as follows:
Social Members
Bowling Members
Bowling Juniors
Life
2013
2012
2107
107
3
10
2,227
2,078
122
6
11
2,217
Indemnity of Officers and Auditors
The company, to the extent permitted by Section 241 of the Corporations Law, has by virtue of its
constitution indemnified every officer and auditor against liabilities incurred by them as such officer or
auditor in defending any proceedings in which judgement is given in their favour or in which he/she is
acquitted. During the financial year the company paid an insurance premium in respect of a contract
insuring the directors and officers of the company against liabilities that may be incurred as such
director or officer to the extent permitted by Corporations Law. The contract of insurance prohibits
disclosures of the amount of the premium.
Auditor’s Independence Declaration
A copy of the auditor’s independence declaration as required by section 307C of the Corporations Act
2011 can be found in the financial report.
Signed in accordance with a resolution of the directors at Tumut this 11th day of July 2013
C. Hartshorn
DIRECTOR
ATI O
220
AUDITOR’S
INDEPENDENCE
DECLARATION
BOARD
OF DIRECTORS
2008-2009
TUMUT BOWLING & RECREATION CLUB LIMITED
AUDITOR’S INDEPENDENCE DECLARATION
Auditor’s Independence Declaration Under Section 307C of the Corporations Act 2001 to the
Directors of Tumut Bowling & Recreation Club Ltd
I declare that, to the best of my knowledge and belief, in relation to the audit for the year ended 31 May
2013, there have been:
i)
no contraventions of the auditor independence requirements as set out in the
Corporations Act 2001 in relation to the audit; and
ii)
no contraventions of any applicable code of professional conduct in relation to the audit.
WalkerBDS
Chartered Accountant
S R Walker
Tumut, 24 May 2013
231
ATI O
INCOME STATEMENT
Year Ended 31 May 2013
STATEMENT OF COMPREHENSIVE INCOME
For the Year Ended 31 May 2013
Notes
2
Revenue
Expenses
Cost of sales – Bar trading
Employee wages
2013
$
2012
$
1,617,279
1,731,583
(217,779)
(206,577)
(529,807)
(548,941)
Poker machine maintenance and taxes
(37,354)
(78,331)
Depreciation and amortisation expense
(140,888)
(145,342)
(719,215)
(670,011)
(27,764)
82,381
-
-
(27,764)
82,381
Other expenses
Profit before income tax
3
Income tax expense
1(g)
Profit / (Loss) after income tax
STATEMENT OF CHANGES IN EQUITY
2013
$
2012
$
Total equity at the beginning of the financial year
Loss for the year
2,273,354
(27,764)
2,190,973
82,381
Total equity at the end of the financial year
2,245,590
2,273,354
The accompanying notes form part of these financial statements
ATI O
222
BALANCE
BOARD
OFSHEET
DIRECTORS 2008-2009
BALANCE SHEET
as at 31 May 2013
Notes
2013
$
2012
$
471,572
3,588
18,944
8,699
469,756
2,641
19,467
14,042
502,803
505,906
1,976,993
2,006,612
1,976,993
2,006,612
2,479,796
2,512,518
90,467
104,711
18,471
88,173
117,089
24,093
213,649
229,355
20,557
9,809
20,557
9,809
234,206
239,164
NET ASSETS
2,245,590
2,273,354
Member’s Funds
Retained profits
2,245,590
2,273,354
Current Assets
Cash and cash equivalents
Receivables
Inventories
Other
4
5
6
7
Total Current Assets
Non-Current Assets
Property, plant and equipment
8
Total Non-Current Assets
TOTAL ASSETS
Current Liabilities
Payables
Short term provisions
Other
9
10
11
Total Current Liabilities
Non-Current Liabilities
Long term provisions
Total Non-Current Liabilities
TOTAL LIABILITIES
10
233
ATI O
FLOW STATEMENT
BOARD OF DIRECTORSCASH
2008-2009
STATEMENT OF CASH FLOWS
Note
2013
$
2012
$
Cash Flows From Operating Activities
Receipts from customers
Payments to suppliers and employees
Interest received
1,752,220
(1,652,311)
13,176
113,085
257,193
Cash Flows From Investing Activities
Proceeds from sale of plant and equipment
Payments for property, plant and equipment
(111,269)
5,911
(50,790)
Net cash used in investing activities
(111,269)
44,879
Net increase/(decrease) in cash held
1,816
212,314
Cash at beginning of the financial year
469,756
257,442
Cash at the end of the financial year
471,572
469,756
Net cash granted by operating activities
14
1,881,933
(1,633,785)
9,045
ATI O
224
NOTES
FINANCIAL
STATEMENTS
BOARD TO
OF THE
DIRECTORS
2008-2009
NOTES TO THE FINANCIAL STATEMENTS
NOTE 1
STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
The financial report is a general purpose financial report that has been prepared in
accordance with the Corporations Act 2001 and Australian Accounting Standards –
Reduced Disclosure Regime, and comply with other requirements of the law.
The financial report is for Tumut Bowling & Recreation Club Limited as an individual
entity, incorporated and domiciled in Australia. Tumut Bowling & Recreation Club
Limited is a company limited by guarantee.
Early adoption of Account Standards
The directors have elected under s.334(5) of the Corporations Act 2001 to apply AASB
1053 ‘Application to Tiers of Australian Accounting Standards’ and AASB 2010-2
“Amendments to Australian Accounting Standards arising from Reduced Disclosure
Requirements’ in advance of their effective dates. AASB 1053 and AASB 2010-2 are
not required to be applied until annual reporting periods beginning on or after 1 July
2013. The impact of the adoption of these standards is disclosed at not 1 (l) to the
financial statements.
Reporting Basis and Conventions
The financial report has been prepared on an accruals basis and is based on historical
costs. It does not take into account changing money values or, except where stated,
current valuations of non-current assets. Cost is based on the fair values of the
consideration given in exchange for assets.
The following is a summary of the material accounting policies adopted by the economic
entity in the preparation of the financial report. The account policies have been
consistently applied, unless otherwise stated.
a)
Property, Plant & Equipment
Property, Plant & Equipment is carried at cost less, where applicable any accumulated
depreciation and impairment losses.
Property, plant and equipment, except land, is depreciated so as to progressively
recognise the depreciable amount of the assets in the income statement over the period
of their useful lives to the Company. The following useful lives and methods of
depreciation are used in the calculation of depreciation:
Furniture and Fittings
Plant & Equipment
Buildings and Improvements
235
Straight Line
Straight Line
Straight Line
5-10 Years
1-10 Years
40 Years
ATI O
BOARD
OF DIRECTORS
2008-2009STATEMENTS
NOTES
TO THE FINANCIAL
NOTES TO THE FINANCIAL STATEMENTS (Cont)
b)
Impairment of Assets
At each reporting date, the Company reviews the carrying amounts of its assets to
determine whether there is any indication that those assets have been impaired. If such
an indication exists, the recoverable amount of the assets, being the higher of the asset’s
fair value less costs to sell and value in use, is compared to the asset’s carrying value.
Any excess of the asset’s carrying value over its recoverable amount is expensed to the
income statement.
Where it is not possible to estimate the recoverable amount of an individual asset, the
Company estimates the recoverable amount of the cash-generating unit to which the
asset belongs.
c)
Inventories
Inventories are valued at the lower of cost and net realisable value. Cost is assigned to
inventory on a first-in first-our basis.
d)
Income Tax
The Company is not subject to income tax.
e)
Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, at call deposits and short term highly
liquid investments with periods to maturity of three months or less from the inception
date which are subject to insignificant risk of change in value, net of outstanding bank
overdrafts.
f)
Receivables
Receivables for goods sold and services performed represent assets for goods and
services provided by the Company prior to the end of the financial year and were unpaid
at 31 January 2013. Receivables are recorded at amounts due less any provisions for
impairment.
g)
Trade Creditors
Accounts payable for goods and services represent liabilities for goods and services
provided to the Company prior to the end of the financial year and which were unpaid at
31 January 2013. The amounts are unsecured and are usually paid within 30 days of
recognition.
9
ATI O
226
NOTES TO
FINANCIAL
STATEMENTS
BOARD
OF THE
DIRECTORS
2008-2009
h)
Employee Benefits
Provision is made for the entity’s liability for employee benefits arising from services
rendered by employees to balance date. Employee benefits expected to be settled within
one year together with benefits arising from wages, salaries and annual leave which
may be settled after one year, have been measured at the amounts expected to be paid
when the liability is settled plus related on costs. Other employee benefits payable later
than one year have been measured at the net present value.
i)
Revenue
Revenue from sale of goods is recognised upon the delivery of goods to customers.
Poker machine revenue is recognised upon the receipt of poker machine takings net of
the payment of prizes. Interest revenue is recognised on a proportional basis taking into
account the interest rates applicable to the financial assets. Subscription revenue is
brought to account in the year for which it is paid. Revenue for the rendering of a
service is recognised upon delivery of the service to the customers.
j)
Financial Instruments
Financial instruments are initially measured at cost on trade date, which includes
transaction costs, when the related contractual rights or obligations exist, subsequent to
initial recognition these instruments are measured as set out below.
Financial assets at fair value through the profit or loss
A financial asset is classified in this category if acquired principally for the purpose of
selling in the short term or if so designated by management within the requirements of
AASB 139: Recognition of Financial Instruments. Realised and unrealised gains and
losses arising from changes in the fair value of these assets are included in the income
statement in the period in which they arise.
Loans and receivables
Loans and receivables are non-derivative financial assets with fixed or determinable
payments that are not quoted in an active market and are stated at amortised cost using
the effective interest rate method.
237
ATI O
BOARD
OF DIRECTORS
2008-2009STATEMENTS
NOTES
TO THE FINANCIAL
Held-to-maturity investments
These investments have fixed maturities, and it is the Company’s intention to hold these
investments to maturity. Any held-to-maturity investments held by the Company are
stated at amortised cost using the effective interest rate method.
Available-for-sale financial assets
Available-for-sale financial assets include any financial assets not included in the above
categories. Available-for-sale financial assets are recorded at fair value or at cost when
fair value cannot be reliably measured. Unrealised gains and losses arising from
changes in fair value are recognised directly to equity through the statement of changes
in equity. Once the asset is derecognised (by sale or otherwise) the cumulative gain or
loss previously recognised in equity is recognised in the income statement. Interest
receivable and dividends on available for sale assets are recognised in the profit and
loss.
Financial liabilities
Non derivative financial liabilities are recognised at amortised cost comprising original
debt less principal payments and amortisation.
Impairment
At each reporting date, the entity assesses whether there is objective evidence that a
financial instrument has been impaired. In the case of available-for-sale financial
instruments, a prolonged decline in the value of the instrument is considered to
determine whether an impairment has arisen. Impairment losses are recognised in the
Statement of Comprehensive Income.
k)
Critical Account Estimates & Judgements
The directors evaluate estimates and judgements incorporated in the financial
statements based on historical knowledge and best current information. Estimates
assume a reasonable expectation of future events and are based on current trends and
economic data, both externally and within the Company.
l)
Amendment to Australian Accounting Standards
The directors have considered the application of AASB108 “Accounting Policies,
Changes in Accounting Estimates and Errors” and are of the opinion that the standard
does not result in a material impact on the entity’s financial report.
228
NOTES
FINANCIAL
STATEMENTS
BOARD TO
OF THE
DIRECTORS
2008-2009
m)
Application of new and revised Accounting Standards
The following new and revised Standards and Interpretations have been adopted in the
current period and have affected the amounts reported in these financial statements.
AASB 1053 ‘Application of Tiers of Australian Accounting Standards’ and AASB
2010-2 Amendments to Australian Accounting Standards arising from reduced
Disclosure requirements’
AASB 1053 establishes a differential financial reporting framework consisting of two
tiers of reporting requirements for general purpose financial statements, comprising of
Tier 1: Australian Accounting Standards and Tier 2: Australian Accounting Standards –
Reduced Disclosure Requirements (RDR). AASB 2010-2 makes amendments to each
Standard and Interpretation indicating the disclosures not required to be made by ‘Tier
2’ entities or inserting ‘RDR’ paragraphs requiring simplified disclosures for ‘Tier 2’
entities. The adoption of these standards has resulted in significantly reduced
disclosures, largely in respect of income tax, segments, impairment, related parties,
share-based payments, financial instruments and cash flows.
n)
Comparative Amounts
Where required by accounting standards, comparative figures have been adjusted to
conform with changes in presentation for the current financial year.
239
ATI O
BOARD
OF DIRECTORS
2008-2009STATEMENTS
NOTES
TO THE FINANCIAL
NOTE 2
2012
$
484,072
895,976
21,911
20,331
12,338
52,345
10,613
16,054
51,933
14,063
785
8,983
27,875
1,617,279
443,335
1,060,018
20,491
20,056
11,240
51,013
11,054
20,568
51,691
9,297
874
5,382
4,223
22,341
1,731,583
83,826
88,120
57,062
39
57,222
11,682
62,661
408,911
471,572
61,137
408,619
469,756
2,231
1,357
3,588
446
2,195
2,641
REVENUE AND OTHER INCOME
Sale of goods – Bar
Poker machine clearances
Coffee Shop
Bingo
Interest received
Keno, ATM commissions & TAB
Members subscriptions
Bowling clubs – men’s, women’s, travelling
Bowling fees, tournaments, events
Room & equipment hire
Amusements
Sponsorship
Profit on disposal of assets
Other
Total Revenue
NOTE 3
2013
$
PROFIT FOR THE YEAR
Profit for the year has been determined after:
Expenses
Depreciation
- Property, plant and equipment
Amortisation of non-current assets
- Leasehold improvements
Provision for employee leave entitlements
NOTE 4
CASH AND CASH EQUIVALENTS
Cash on hand
Cash at bank
NOTE 5
RECEIVABLES
Trade receivables
Interest receivable
ATI O
320
NOTES TO
FINANCIAL
STATEMENTS
BOARD
OF THE
DIRECTORS
2008-2009
NOTE 6
18,944
19,467
8,699
14,042
40,117
40,117
2,772,585
1,104,628
1,667,957
1,708,074
2,725,048
1,047,566
1,677,482
1,717,599
2,053,833
1,861,943
191,890
1,998,818
1,794,489
204,329
583,091
506,062
77,029
575,891
491,207
84,684
1,976,993
2,006,612
OTHER ASSETS
Current
Prepaid expenses
NOTE 8
2012
$
INVENTORIES
Trading stock (Note 1(b))
NOTE 7
2013
$
PROPERTY, PLANT & EQUIPMENT
Freehold Land
Leasehold Building & Improvements
At Cost
Less accumulated amortisation
Total Land and Buildings
Plant & Equipment
At cost
Less accumulated depreciation
Furnishings & Fittings
At cost
Less accumulated depreciation
Total Property, Plant & Equipment
At 22 June 2011, the independent valuation
value for insurance purposes on a replacement
cost new basis was $5,250,000
3211
MUUTT BBO
OW
WLLIINNGG AANNDD RREECCRREEAT
ATIIO
ONN CCLLUUBB LLTTDD
TTUUM
BOARD
OF DIRECTORS
2008-2009STATEMENTS
NOTES
TO THE FINANCIAL
Movement in the carrying amounts of Property, Plant and Equipment between the beginning and end of
the current financial year.
Balance at beginning of year
Additions
Disposals – WDV
Depreciation
Carrying amount year end
NOTE 9
Freehold
Land
$
40,117
40,117
Leasehold
Improvements
$
1,677,482
47,537
(57,062)
1,667,957
Plant and
Equipment
$
204,329
56,532
(68,971)
191,890
Non-Current
Employee leave entitlements
2012
$
71,026
19,441
90,467
64,136
24,037
88,173
88,294
16,417
104,711
99,002
18,087
117,089
20,557
9,809
17,216
1,255
18,471
17,026
7,067
24,093
11,000
500
11,500
10,150
1,150
11,300
-
-
AUDITOR’S REMUNERATION
Auditing and review of financial reports
Other services
NOTE 13
2013
$
OTHER CURRENT LIABILITIES
Members subscriptions in advance
Bowls entry fees in advance & payments in advance
NOTE 12
$
2,006,612
111,269
(140,888)
1,976,993
PROVISIONS
Current
Employee Leave entitlement
Members bonus points
NOTE 11
Total
PAYABLES
Current
Trade payables & accrued expenses
GST payable
NOTE 10
Furniture and
Fittings
$
84,684
7,200
(14,855)
77,029
DIRECTORS REMUNERATION
Remuneration paid to directors
ATI O
322
BOARD TO
OF THE
DIRECTORS
2008-2009
NOTES
FINANCIAL
STATEMENTS
`
2013
$
NOTE 14
2012
$
CASH FLOW INFORMATION
Reconciliation of cash flow from operations with Profit
after Income Tax
Profit / (Loss) after income tax
(27,764)
Depreciation and amortisation
140,888
Profit on disposal of assets
Change in Assets and Liabilities
(Increase)/Decrease in trade receivables
(1,785)
(Increase)/Decrease in interest receivable
838
(Increase)/Decrease in inventories
523
(Increase)/Decrease in prepayments
5343
Increase/(Decrease) in creditors and accrued expenses
6890
Increase/(Decrease) in GST payable
(4596)
Increase/(Decrease) in current provisions
(12,378)
Increase/(Decrease) in non-current provisions
10,748
Increase/(Decrease) in other current liabilities
(5,622)
Net Cash Provided by/(used in)
Operating Activities
NOTE 15
a)
113,085
82,381
145,342
(4,223)
148
(2,195)
165
(1,669)
(963)
47,736
3,007
(13,972)
1,436
257,193
RELATED PARTY DISCLOSURES
Transactions with Directors
The directors purchased goods from the company on the same terms and conditions
available to other members of the club
There were no transactions with Directors
b)
a)
-
81,353
80,266
Key Management Personnel compensation
Short term employment benefits
NOTE 16
-
FINANCIAL RISK MANAGEMENT
Financial Risk Management Policies
The Company’s financial instruments are comprised of deposits with banks, accounts
receivable and payable, and hire purchase agreements.
Hire purchase agreements are used to fund capital expenditure.
33
TUM
T UBTO B
WOL W
I NLGI NAGN A
D NRDE CRREECAT
O NI OCNL UCBL ULBT DL T D
T UUM
R EIAT
Financial instrument assets are used to generate revenue.
Risk management policies, including interest rate risk and future cash flow
requirements are approved by the Board of Directors.
Financial Risk Exposures and Management
The main risks the Company is exposed to through its financial instruments are interest
rate risk and liquidity risk.
Interest Rate Risk
The Company’s exposure to interest risk is the risk that a financial instrument’s value
Will fluctuate or the cash flows relating to the financial instrument will fluctuate as a
result of changes in market interest rates. Interest rate risk is managed by using fixed
interest rate debt.
Liquidity Risk
The Company manages liquidity risk by budgeting for monitoring cash flows and
ensuring that adequate funding is available to meet operating and capital requirements.
b)
Financial Instruments
Credit Risk
Exposure to credit risk is minimal. All cash at bank and investments are held with major
banking corporations.
Net fair values
The carrying values of all the Company’s financial instruments approximate their fair
values.
Interest Rate Sensitivity Analysis
Variations in interest rate that were reasonably possible at 31 January 2013 would not
have a material effect on the profit or equity of the Company.
34
Financial Instrument Composition and Maturity Analysis
The table below reflects the undiscounted settlement terms for financial instruments of a
fixed period of maturity as well as management’s expectations of the settlement period
for all other financial instruments.
2013
Within 1yr
$
i)
ii)
Financial Assets
Cash
Accounts Receivable
Total Financial Assets
Financial Liabilities
Accounts Payable
Total Financial Liabilities
1-5yrs
$
>5yrs
$
Total
$
471,572
2,231
473,803
-
-
471,572
2,231
473,803
90,467
90,467
-
-
90,467
90,467
Total
$
2012
i)
ii)
NOTE 17
Financial Assets
Cash
Accounts Receivable
Total Financial Assets
Financial Liabilities
Accounts Payable
Total Financial Liabilities
Within 1yr
$
1-5yrs
$
>5yrs
$
469,756
446
470,202
-
-
469,756
446
470,202
-
88,173
88,173
88,173
88,173
-
CONTINGENT LIABILITIES
The company has a contingent liability to pay the liabilities incurred by the various sub
committees of the club should the sub committees fail to meet those liabilities. As at the
date of these financial statements none of the sub committees had a deficiency of funds.
NOTE 18
CAPITAL EXPENDITURE COMMITMENTS
There were no capital expenditure commitments at 31 May 2013.
35
NOTE 19
COMPANY LIMITED BY GUARANTEE
Tumut Bowling and Recreation Club Limited is a Company incorporated under the
Corporations Law as a company limited by guarantee. If the company is wound up, the
Memorandum of Association states that each member is required to contribute a
maximum of $1 towards meeting any outstanding obligations of the company.
NOTE 20
EVENTS AFTER THE BALANCE SHEET DATE
There were no significant events after the balance sheet date.
NOTE 21
SEGMENT INFORMATION
The company operates only as a Registered Club in one geographical area being Tumut
NSW.
NOTE 22
CORE AND NON-CORE PROPERTY
Pursuant to section 41J(2) of the Registered Clubs Act for the financial year ended on
31 May 2013:
a)
The following property is core property of the club:
i.
ii.
b)
NOTE 23
The main club building
The car park area on Richmond Street
The club does not hold non-core property.
COMPANY DETAILS
The registered office of the company is:
24-30 Richmond Street
TUMUT NSW 2720
NOTE 24
AUTHORISED FOR ISSUE
The financial report was authorised for issue by the Directors on 15th July 2013.
36
BOARD OF
OF DIRECTORS
DIRECTORS
INDEPENDENT
AUDITOR’S
REPORT
BOARD
2008-2009
INDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF TUMUT BOWLING AND RECREATION CLUB LIMITED
Report on the financial report
I have audited the financial report of the Tumut Bowling & Recreation Club Limited which comprises the
statement of financial position as at 31 May, 2013, statement of comprehensive income, statement of changes
in equity and statement of cash flows for the year then ended, notes comprising a summary of significant
accounting policies and other explanatory notes and the directors’ declaration.
Directors’ responsibilities for the financial report
The directors of the company are responsible for the preparation and fair presentation of the financial report in
accordance with Australian Accounting Standards (including Australian Accounting Interpretations) and the
Corporations Act 2001. This responsibility includes establishing and maintaining internal control relevant to
the preparation and fair presentation of the financial report that is free from material misstatement, whether due
to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that
are reasonable in the circumstances.
Auditors Responsibility
My responsibility is to express an opinion on the financial report based on my audit. I conducted my audit in
accordance with Australian Auditing Standards. These Auditing Standards require that I comply with relevant
ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable
assurance whether the financial report is free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial report. The procedures selected depend on the auditor’s judgement, including the assessment of the
risks of material misstatement of the financial report, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of
the financial report 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 entity’s internal control. An audit also includes
evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates
made by the committee, as well as evaluating the overall presentation of the financial report.
The financial report has been prepared for distribution to the members for the purpose of fulfilling the
directors’ financial reporting under the Corporations Act 2001. I disclaim any assumption of responsibility for
any reliance on this report or on the financial report to which it relates to any person other than the members, or
for any purpose other than that for which it was prepared.
I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit
opinion.
Independence
In conducting my audit, I have complied with the independence requirements of the Corporations Act 2001. I
confirm that the independence declaration required by the Corporations Act 2001, provided to the directors of
the Tumut Bowling & Recreation Club Limited on 24 May 2012 would be the same terms if provided to the
directors as at the date of this auditor’s report.
Ph: 02 6947 3666 l Fax: 02 6947 4272 l Email: [email protected]
38A Russell Street, Tumut NSW 2720 l Web: www.walkerbds.com.au
Correspondence: PO Box 190, Tumut NSW 2720
ABN: 83 335 727 793
Liability limited by a scheme approved under the Professional Standards
L
37
i l i
TTUUM
NNC C
LU
B BL TLD
MUUTT BBOOWWLLI N
I NGG AANNDD RRE ECCR RE EAT
ATI OI O
LU
TD
2
AUDITOR’S REPORT
BOARD OF INDEPENDENT
DIRECTORS 2008-2009
INDEPENDENT AUDITOR’S REPORT (continued)
TO THE MEMBERS OF TUMUT BOWLING & RECREATION CLUB LIMITED
Opinion
In my opinion the financial report of Tumut Bowling & Recreation Club Limited is in accordance with
the Corporations Act 2001, including:
(i) Giving a true and fair view of the company’s financial position as at 31 May 2013 and of
their performance for the year ended on that date; and
(ii) Complying with Australian Accounting Standards (including the Australian Accounting
Interpretations) and the Corporations Regulations 2001.
WalkerBDS
_______________________
Steven R Walker
Tumut, 15 July 2013
MUUTT BBOOW
WLLI INNGG AANNDD RREECCRREEAT
ATI O
I ONNC CL U
L UB BL TL D
TD
TTUUM
38
4 02
DIRECTOR’S
DECLARATION
BOARD OF DIRECTORS
2008-2009
TUMUT BOWLING AND RECREATION CLUB LTD
DIRECTORS’ DECLARATION
The directors declare that:
1.
The financial statements and notes, as set out in the financial report are in accordance with the
Corporations Act 2001 and:
a.
b.
2.
comply with Australian Accounting Standards; and
give a true and fair view of the financial position as at 31 May 2013 and of the
performance for the year then ended on that date of the Company.
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.
This declaration is made in accordance with a resolution of the Board of Directors
__________________________
C. Hartshorn
Director
Tumut, 11 July 2013
39
2008-2009
SUPPLEMENTARY
INFORMATION
BOARD OF DIRECTORS
DIRECTORS
2008-2009
TUMUT BOWLING AND RECREATION CLUB LTD
SUPPLEMENTARY INFORMATION
31 May 2013
DISCLAIMER
The additional financial data presented on the following pages is in accordance with the books and
records of the Tumut Bowling and Recreation Club Ltd that have been subjected to the auditing
procedures applied in our statutory audit of the company for the year ended 31 May 2013. It will be
appreciated that our statutory audit did not cover all details of the additional financial data.
Accordingly, we do not express an opinion on such financial data and no warranty of accuracy or
reliability is given.
In accordance with our firm’s policy, we advise that neither the firm nor any member or employee of the
firm undertakes responsibility arising in any way whatsoever to any person (other than the company) in
respect of such data, including any errors or omissions therein, arising through negligence or otherwise
however caused.
WalkerBDS
STEVEN R WALKER
Tumut, 15 July 2013
3
MUUTT BBOOW
ATIIOONN CCLLUUBB LLTTDD
TTUUM
40
2
BOARD OF
OFACCOUNT
DIRECTORS 2008-2009
REVENUE
BOARD
DIRECTORS
TUMUT BOWLING AND RECREATION CLUB
REVENUE ACCOUNT
2013
$
Income
Bar trading account
Poker machine trading
Coffee shop trading account
Bingo
Raffles
Telephone
Pool table
Room & equipment hire
Cigarettes
Interest received
Vending machine
Profit on sale of assets
Courtesy bus advertising
Sponsorship Income
Bowling fees, tournaments and events
Mens bowling club
Womens bowling club
Travelling bowlers’ club
Members subscriptions
Sundry income
ATM commission
KENO commission
TAB commission & Sky rebate
Total Income
Administration costs
Professional service fees
Printing and stationery
Advertising
Courtesy bus
Audit fees
Unders/overs
Bank fees/taxes
Bingo
Club vehicle expenses
Donations
Sponsorships
KENO expenses
Freight & cartage
Insurances
41
3
85,240
818,363
9,817
20,331
13,682
133
405
14,063
372
12,338
7
900
8,981
51,933
6,000
6,854
3,200
10,613
2,223
7,291
42,238
13,756
1,128,740
125
11,856
24,629
5,397
11,500
1,067
654
57,469
2,589
13,829
45,190
2,156
10,043
34,054
2012
$
62,710
940,270
9,263
20,056
10,322
180
466
9,297
385
11,240
22
4,223
900
5,382
51,691
14,287
5,081
1,200
11,054
2,606
6,963
41,767
10,618
1,219,983
2,730
12,073
17,084
5,584
11,300
1,200
854
65,088
2,298
11,431
38,955
2,684
8,458
32,539
TTUUM
MUUTT BBOOW
2
REVENUE ACCOUNT
BOARD OF DIRECTORS
DIRECTORS 2008-2009
2008-2009
REVENUE ACCOUNT continued
2013
$
2012
$
TUMUT BOWLING AND RECREATIO
Bowling tournaments & events
20,059
20,356
Depreciation
140,888ACCOUNT
145,342 continu
REVENUE
TAB expenses
8,844
7,196
For the16,031
Year Ended
31 May 201
Sky channel
13,418
Directors expenses
2,296
2,608
CEO - Manager expenses
1,181
1,338
Computer expenses
6,353
4,832
Electricity/gas
68,350
62,861
Petrol/diesel
3,423
3,389
Cleaning/laundry/garbage
16,480
13,373
Staff / director uniforms
3,848
3,768
Postage
5,070
4,691
Bowling tournaments & events
Entertainment
27,779
26,093
Rent – crown lands Depreciation
15,867
15,680
Repairs and maintenance
13,450
18,411
TAB expenses
Kitchen
8,058
4,059
Sky channel
Staff / director training
3,678
6,325
Licences – subscriptions
11,903
8,987
Directors expenses
OH & S general expenses
1,357
2,029
CEO
Manager
expenses
Superannuation contributions
50,028
50,829
Computer expenses
Bus wages
19,316
21,087
Telephone
5,447
6,345
Electricity/gas
Admin wages
173,110
167,654
Petrol/diesel
Doorman wages
20,460
22,339
Cleaning wages
39,897
Cleaning/laundry/garbage 36,499
Provision for long service leave
1,760
(7,636)
Staff
/
director
uniforms
Provision for annual leave
(1,721)
(4,045)
Club members promotion
92,037
95,149
Postage
Rates/water
13,916
12,456
Entertainment
Security
1,336
1,542
Rent – crown lands
Sundry expenses
365
203
Men’s bowling club Repairs and maintenance
1,907
3,158
Travelling bowlers
1,200
3,402
Kitchen
Raffles
9,788
9,021
Poker
32,876
23,534
Staff / director training
Workers compensation
14,934
15,099
Licences – subscriptions 4,730
Women’s bowling club
5,067
Members bonus points
8,575
OH & S general expenses 11,242
Superannuation contributions
1,050,710
1,084,703
Bus wages
Telephone
Admin wages
MUUTT BBOOW
TTUUM
Total Administration costs
3
42
2
BOARD OF
OFACCOUNT
DIRECTORS 2008-2009
REVENUE
BOARD
DIRECTORS
REVENUE ACCOUNT continued
2013
$
2012
$
Bowls & Greens Costs
Greens maintenance
Greens wages
Raw water
9,885
59,106
2,810
6,913
78,109
1,870
Total Bowls & Greens costs
71,801
86,892
1,156,504
1,137,602
Total Expenses
Operating Loss / Surplus
43
3
(27,764)
82,381
TTUUM
MUUTT BBOOW
2
SPORT
Club Tumut proudly sponsors Tumut Minor League.
Wyangle bowler Matt Stubbs sends down a delivery.
44

Bowlie report pages 2013_Layout 1

Transcription

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