2010 Golf Queensland Annual Report

Transcription

Golf Queensland Limited
Annual Report
For the year ending 31 December 2010
Golf Queensland Annual Report Year Ended 31 December 2010
Page
Contents
Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4
Staff . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5
President’s Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6-7
Chief Executive Officer’s Report . . . . . . . . . . . . . . . . . . . . . . . 8-9
Finance & Risk Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10-11
Game & Club Development Report . . . . . . . . . . . . . . . . . . . . . .12-13
Planning & Development Report . . . . . . . . . . . . . . . . . . . . . . .14
Match Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16
High Performance Report . . . . . . . . . . . . . . . . . . . . . . . . . . .18
Technical Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20
Committees & Volunteers . . . . . . . . . . . . . . . . . . . . . . . . . . .22
Interstate Representative Fixtures . . . . . . . . . . . . . . . . . . . . . .23
Queensland Championship Results . . . . . . . . . . . . . . . . . . . . . .24-30
Financial Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31-53
Affiliated Club’s Membership . . . . . . . . . . . . . . . . . . . . . . . . .54-61
A.C.N. 126 091 450
A.B.N. 54 126 091 450
14 Walden Lane
BOWEN HILLS 4006
GPO Box 1518
BRISBANE QLD 4001
T: (07) 3252 8155
F: (07) 3257 1520
W: www.golfqueensland.org.au
Front cover image: Golf Queensland Women’s State Team member Ashley Ona
Page 3
Board of Directors
Page 4
Tom Crothers
Lyn Hughes
Carmel Smith
Peter Castrisos
Barry Shepherd
Tricia Harding
Graeme Mathers (Appointed)
Brad Petley (Appointed)
Staff
Back row (L-R)
Chris Evans Golf Operations Officer
Luke Bates Golf Operations Manager
Matthew Sedgman Finance Manager
Adrian Hewat
Participation Development Manager
Jay Townsend
Golf Operations Officer
Lindsay Ellis
Chief Executive Officer
Front row (L-R)
Claire Power Communications and Marketing Manager
Monika Kutija Business Services Administrator
Amanda Whitehead
Golf Operations Assistant
Lee Harrington
Participation Development Officer
Staff who resigned during the year were Scott Wagstaff (Manager – Golf Operations), Phil Laurie (Communications Manager) and
Christian Gillott (Golf Operations Coordinator).
Page 5
President’s Report
President
Tom Crothers
It gives me great pleasure
to present the 2010 Annual
Report for Golf Queensland.
The year has been defined
as one having some fine
achievements but also
one that presented some
significant challenges to
the Board and staff. This
report highlights some of the strategic challenges, governance
developments and key achievements of the Board and Golf
Queensland in 2010.
Board Operations and Governance
In response to the resignation of Appointed Director Jamie
Shine in October 2009, and in accordance with the powers of
the Constitution, the Board initiated a process to select two
new Appointed Directors. After undertaking an “expression
of interest and interview process”, the Board appointed
Graeme Mathers and Brad Petley in January 2010 for a twoyear term. Both of these Directors have become familiar with
the business direction of Golf Queensland and are making a
valuable contribution to the deliberations and workings of
the Board.
The 2010 Annual General Meeting was held in Brisbane on
May 28. In accordance with the rules of Golf Queensland,
Tricia Harding, Peter Castrisos and Carmel Smith were all
required to stand down with all three renominating for the
vacated positions. The final result of the election saw all
three re-elected as Board Directors after an error in the voting
method used by the Australian Electoral Commission (AEC)
was rectified. In response to this outcome the Board have
decided that the AEC will not be used in future.
During the year the Board has had to deal with a number
of challenging tasks including a review of its Committee
operations, the ever pressing issue of budget management, a
review of the Company’s strategic plans and the impact of the
widespread floods in Central Queensland in the later part of
the year.
In terms of governance development, the implementation
of two new Committees designed to advance strategic
management and the decision making by the Board was
progressed. The Planning and Development Committee,
Chaired by myself, was established to maintain a strategic
outlook and act as the driver for the monitoring and reviewing
of the Company’s strategic and business plans. The Finance
and Risk Committee, Chaired by new Board Director Brad
Petley, was established to provide strategic advice in the
handling of the Company’s finances and risk management.
A Risk and Finance Committee is standard best practice in
many companies by providing those organisations with a mix
financial, legal and industry administration knowledge.
At the 2011 Annual General Meeting, and in accordance with
Golf Queensland’s rules, Board Directors Barry Shepherd,
Lyn Hughes and myself are required to stand down from
the Board. Both Barry and Lyn have indicated they wish to
retire from the Board and will not be offering themselves
for re-election. Barry has had a long and distinguished
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period in the administration of golf both in Queensland and
Australia. He was elected to the Management Committee of
the Queensland Golf Union in 1987 and was President of the
Union from 2004 through to 2007 when Golf Queensland was
constituted. He was one of Queensland’s delegates on the
Australian Golf Union from 1999 – 2006 and was an Executive
Member of the Union from 2003 – 2006. Lyn was appointed
to the Board of Golf Queensland following the death of Val
Johnston and was subsequently elected to the Board in
May 2009. Both of these Directors have made significant
contributions to the Board and the direction of golf in
Queensland. I wish to acknowledge their efforts in the delivery
of the Company’s vision.
Strategic Planning and Future Direction
As the Strategic Plan (2008 – 2012) is the “blueprint” for
the future strategic direction of the Company, the Board
considered it a priority task to undertake a review during
2010 to ascertain whether our current planning and direction
was still appropriate. The Strategic Plan is supported by
an underpinning Business Plan that identifies short-term
operational direction and priorities. This was the review focus
of a Strategic Board Workshop held in November.
While further details of this review are presented in the
Planning and Development Committee Report, the Board did
determine a need to fine tune our planning to better reflect
a number of changes and external influences impacting on
the Company’s operations. Following the Strategic Board
Workshop, work to amend the Business Plan for the remaining
period to the end of 2012 has been undertaken and this will
be finalised and released in 2011.
Notwithstanding this review, the high priority areas of Golf
Queensland’s focus in 2010 continued to be the Game and
Club Development and the Communications areas. The
delivery of the Women’s Network, the Active Participation
Program and the Schools Program are still key planks of
achieving our vision of “More People Playing More Golf”. The
new national junior development model, MYGolf, is another
strategy that will help clubs and Golf Queensland to achieve
this vision. Golf Queensland will be launching this innovative
program in 2011. Our increased focus on delivering current
and contemporary information to Districts, Clubs and players
was maintained during 2011. These aspects will be highlighted
in the Chief Executive Officer’s Report and expanded on in the
respective Committee reports.
The Board of Golf Queensland are quite aware that many of
our affiliated clubs are small and don’t have the resources to
employ full-time staff or a dedicated manager. In fact, of the
250 affiliated golf clubs in Queensland there are over 100 with
less than 100 members. While these organisations form an
important part of the social infrastructure that exists in rural,
communities, many of these clubs need assistance to remain
sustainable. To assist these and other affiliated clubs to access
funding grants, Golf Queensland initiated the Grant Writing
Assistance Program and I am pleased to note that over the
past 12 months we have experienced an increased number
of clubs using this service and a higher success rate of clubs
securing funding approvals.
President’s Report
A particular challenge that has emerged in our sport is
the continuing decline in club membership. While this is a
common dimension right across Australia, and the decline
in the membership of Queensland clubs is lower than
other States, it is still a worrying outcome and one that
potentially threatens the financial viability of clubs as well
as the sustainability of Golf Queensland. The Board are
very cognisant of this issue and are working on a number of
strategies that might arrest this trend. We have a sport that
attracts 1.2 million participants Australia wide and yet only
480,000 of these golfers are members of clubs. The challenge
for all of us is to develop and offer attractive membership and
playing packages that encourages some of these non-member
golfers who live in Queensland into joining a
golf club.
The issues of club membership and club sustainability were
strongly identified at the Strategic Board Workshop as
requiring further effort. While Golf Queensland has focused
on the grants writing program to assist in club sustainability
and has commissioned research into the factors impacting on
attraction, retention and attrition of club membership, it is
very apparent that more still needs to done in 2011.
At the end of 2010, and after carefully considering the
opportunity, the Board decided to enter into a Call Option
arrangement with Springfield Land Corporation (SLC)
regarding the State Training Facility located at Brookwater
Golf Club. Details concerning the arrangement are outlined
in the Auditor’s report. Should the Call Option be exercised,
the main choices are: (a) Staying at Brookwater and the SLC
providing a like for like facility; or (b) Selling the property,
in which case, there are a number of investment options
that could be pursued to advance Golf Queensland’s
operations. Both scenarios present exciting possibilities for
Golf Queensland. The Call Option arrangement provides
Golf Queensland with sufficient time, should the option be
exercised, to carefully consider the matter and come to a
decision. The Board will establish a working group in 2011 to
investigate all options and make a recommendation for the
Board’s consideration.
Finally, I can assure you the Board have a firm resolve that
Golf Queensland’s strategic direction will be in the best
interests of all golfers across Queensland – irrespective of
their location or their gender.
Communication Strategies
The Board have continued to place a strong emphasis on
the Company’s communication with a range of stakeholders.
Our website continues to deliver user–friendly information
relating to Golf Queensland’s operations to as many people
as possible. We have also maintained our communication
mediums of regular mail-outs to Districts and Clubs, the use
of email to maintain direct contact with our growing group of
email subscribers and the continued production of our Q-Golf
Online magazine. During the year we also convened a Club
Forum in Brisbane and delivered information into regional
Queensland through Club Forums held in Rockhampton and
Roma. These Forums have proven to be an excellent vehicle
for a two-way flow of information and views on contemporary
matters impacting on our sport. The Board holds the strong
view that it is essential to communicate and deliver key
information to as many people as possible who are involved in
our game.
Volunteer Recognition
We all need to recognise that we would not be able to operate
as a sport without the terrific support of our large volunteer
network. Our volunteers in the Tournament Support Group,
the High Performance Support Group and the Course Rating
Project team all deserve our appreciation and thanks for their
efforts. The roll out of the USGA Course Rating Project is a
huge logistical exercise that is taking up large amounts of time
of the 60-odd volunteers that are engaged in this task. Our
special thanks go to this band of very enthusiastic volunteers
for their dedicated efforts.
The Board recognises the important role that volunteers
undertake in our sport and once again presented the 2010
Volunteer of the Year award at the Golf Industry Dinner. This
year’s award winner was Broderick Bird from the Wondai
Golf Club for his services to the golf industry over the last 30
years. It is the second time this award has been presented
and Broderick joins last year’s recipient Muriel Lowrey
in receiving the title. We also note that our sport hardly
features in the Australia Day and Queen’s Birthday Australian
Honours List and we strongly encourage Districts and Clubs to
nominate those people in your communities that have made a
significant contribution to the running or conduct of our sport
at the District and Club level. If other sports can receive due
recognition for their people then so can we.
Thanks and Recognition
During the year we experienced some turn over in a
number of key positions with Scott Wagstaff, Phil Laurie and
Christian Gillott all leaving the organisation for other career
opportunities in the golfing industry. Our thanks to each
of them for their efforts and support to the ideals of Golf
Queensland during their time with us. We extend our best
wishes to them for every success in their new positions. We
welcomed Luke Bates, Claire Power and Jay Townsend to our
dedicated team of staff and I am pleased to report they have
settled into our organisation very quickly.
Our thanks go to all Golf Queensland staff for their efforts in
delivering Golf Queensland’s business priorities over the past
12 months.
Finally, my personal thanks go to my fellow Board Directors for
their ongoing support over the last 12 months. I hope that you
agree the Company has made significant progress over the
past year and the Board members have served it well.
As I have already indicated earlier in this report, Board
members Barry Shepherd and Lyn Hughes will be leaving the
Board in May 2011 and the Council will be required to elect
replacement Directors to the Board. To Barry and Lyn, my best
wishes for your future involvement in golf whatever direction
it may take. To the remaining Board members my best wishes
to you for your ongoing endeavours in taking the strategic
direction of the Company forward.
Page 7
Chief Executive Officer’s Report
Chief Executive Officer
Lindsay Ellis
This report provides an
overview of the Golf
Queensland operations
by highlighting a selection
of the key challenges,
outcomes and achievements
for 2010.
Overall, the operations of
staff and committees have continued to deliver and perform
well against the Business Plan (2009 – 2012). The plan was
established in 2009 to focus efforts and monitor achievement
against priorities set by the Golf Queensland Board and the
direction of the Strategic Plan. Lead by the Planning and
Development Committee, the organisation underwent a
systematic check on the currency, focus and performance
against the plan at the end of 2010. The results of the review
will lead to some adjustments to the Business Plan in 2011 as
Golf Queensland strives to achieve its vision.
Staffing
Operationally, a major challenge was the turn-over of
staff experienced due to furthering their careers and/or
family reasons. The exiting staff members have all secured
leading roles in the Golf industry both within Queensland
and interstate. The staff who resigned during the year were
Scott Wagstaff (Manager – Golf Operations), Phil Laurie
(Communications Manager) and Christian Gillott (Golf
Operations Coordinator).
With the resignations, the management involved acted swiftly
and recruited replacements within eight weeks in each case.
The new staff recruited, respectively, were Luke Bates, Claire
Power and Jay Townsend have brought with them some
excellent skills and experience. All have settled in to their
roles and are performing well.
Club Resources and Assistance
A Board priority under the Business Plan has been the
development of strategies that assist clubs to improve and
retain membership while managing clubs in an effective
manner. Given many of the affiliated clubs are either fully or
partly under volunteer management, contemporary issues
and specific management resources to assist decision making
concerning the strategic direction of golf clubs is vital.
Golf Queensland’s Club Forums have assisted in disseminate
critical industry information and resources in an effort create
awareness while helping ‘tool up’ professional and volunteer
administrators. There was the very successful two-day
forum delivered in Brisbane and the one-day regional forums
delivered in Roma and Rockhampton were very well received.
Topics covered in these forums included membership
attraction and retention strategies, practical marketing tips,
digital media, golf club insurances, strategic planning for golf
clubs, grant application programs and junior development.
To ensure the information provided is contemporary, Golf
Queensland has invested in research and development
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projects. These projects include the ongoing research
into membership attrition and retention by golf business
analyst, Jeff Blunden. The ensuing report will include a
practical ‘hands on’ report concerning the development of
modern membership structures for golf clubs and this will
complement the 2009 report into retention. There was also
the development and presentation of a ‘how to’ strategic
process specific to golf clubs by business analyst, Peter Phair.
The Strategic Planning Workbook coupled with the Golf Club
Scorecard will be released in 2011.
Grants and the Grants Writing Assistance Program
While Golf Queensland continues to provide direct support
in the way of small grants for club’s and district’s grass roots
development activities, the major thrust has been with the
Grant’s Writing Assistance Program. It is now apparent
this program can assist clubs help themselves by accessing
available government and community grant programs. The
funding accessed by clubs is increasing and, in the future, the
target is for this program to exceed $500,000.
Course Rating Project
The course rating project using the USGA methodology that
will support the implementation of the new Golf Australia
handicapping system is steam rolling forward. The project,
supported by Golf Queensland’s Technical Committee
and a large devoted group of volunteer course raters, has
Queensland well placed to complete all ratings by the middle
of 2011 and, all going to plan, ready for the implementation of
the new handicapping system in 2012.
Technical Services – Rules and Handicapping
With the changes in the Australian Golf handicapping
system, there has been considerable interaction with clubs
in monitoring feedback as well as provision of advice on
the implementation of various components. The technical
advisory service offered continues to keep the Golf Operations
staff very busy with over 800 enquiries per year. There is
also the ongoing delivery of rules education to clubs and the
very popular Captain’s Day run in Brisbane. The quality of
service and advice is of a high standard and Golf Queensland
continues to invest in the training of these staff members.
Participation Development Programs
The output and activities, outlined under the Game and Club
Development Committee report, have been phenomenal
considering the small team involved. While substantial
resources will continue to be directed toward provision
of programs introducing people to golf and golf clubs, the
strategic direction is shifting toward a facilitating role. It is
apparent that the biggest resource we have to introduce
people to the game is within golf clubs themselves. To
meet this end, Golf Queensland has geared its strategies in
preparation for the launch of the national junior development
model, MYGolf, in 2011. This innovative program, supported
by excellent club resources and a junior friendly website,
connects clubs to schools with the objective of increasing
Chief Executive Officer’s Report
junior involvement in golf. Golf Queensland will assist clubs
with the development of MYGolf and continue to provide
underpinning services such as the education and accreditation
of community coaches throughout Queensland.
their leadership and advice that has assisted maintaining a
focus on issues and strategies to advance golf in Queensland.
Thank you also to the many Committee Members and the
District Delegates who have provided input to our programs.
Golf Queensland delivered or facilitated the involvement of
over 8,000 school-age children in golf clinics in 2010.
I thank and recognise the efforts of the exiting staff members
who have left Golf Queensland this year. Each assisted
the organisation to improve while they were with Golf
Queensland and I wish them every success in their new
positions. Finally, I thank the hard working staff team of
Golf Queensland for their support and the enthusiastic and
dedicated approach they bring to work each day.
Tournaments
The Golf Operations team, ably supported by the Match
Committee and an experienced team of volunteers, continues
to present quality competition opportunities for players of all
abilities throughout Queensland. In 2010 there was over 90
tournament days organised and administered and this does
not include lead time to prepare and process nominations.
Over 80 per cent of the tournaments have maintained player
participation levels over the period 2008 to 2010.
High Performance
Significant effort was expended on strategic development and
supporting resources in the high performance (HP) area. The
improved operational and decision making structure being
used has led to improved resources and planning. These
include the development of a High Performance Manual,
inclusive of operational goals and performance indicators, a
selection policy and a manual for State team managers. The
programs are now being monitored and reviewed by the High
Performance Committee using performance and process
metrics in line with best practice.
In terms of on-course performance there was the best ever
result of the Men’s and Women’s teams both finishing first
at the National Team’s Series in the same year. There were
also the impressive tournament results of Cameron Smith and
Ashley Ona who are both potential champions of the future.
Communications
Communications development is one of the Board’s strategic
priorities and there has been continued emphasis on both
internal and external corporate communications. The
website continues to have a high level of visitations and is
being used for on-line registrations for events. In 2011, the
website capabilities will be reviewed as it is apparent software
technology quickly becomes superseded and it is important
it continues to meet the growing demands being placed on
it. The development of the Junior Golf Queensland website
was planned and the build commissioned. The site, that
will be finished early in 2011, is a ‘one stop’ information and
coordinating resource for Queensland’s junior golfers whether
they want to learn golf or wish take advantage of further
opportunities to play and advance in golf.
Acknowledgement and Thanks
I thank the many volunteers of Golf Queensland who continue
to provide critical support to our programs. There are over 100
volunteers involved and each of them has assisted in improving
the quality of services to amateur golf in Queensland.
Thank you to the Board, who are all volunteers as well, for
Page 9
Finance and Risk Management Committee
Chair
Brad Petley
The Finance and Risk
Committee (Committee)
members are Brad Petley,
David Bell, Matt Toomey,
Sean Millar and Matthew
Sedgman (staff). The
membership of the
Committee represents a
balanced mix of financial,
legal and golf administration knowledge. The Committee held
it’s inaugural meeting on 29 March 2010.
During the period 29 March to 31 December 2010, the
Committee dealt with the following matters.
Risk Management Framework
The Committee identified the need for the adoption of a risk
management framework in order to assist Golf Queensland to
comply with its statutory obligations.
The Committee sought quotes from, and considered the
credentials of, a number of consultants who could assist
Golf Queensland to develop and implement a risk
management framework.
With the approval of the Golf Queensland Board, Mand
Consulting was selected to deliver the initial training
for the Risk Management Framework and progress its
implementation in 2011.
Recommendation of Board Charter
The Committee discussed the implementation of a Golf
Queensland Board Charter. Given Golf Queensland’s
corporate structure, the Committee noted the dichotomy
between the strategic governance of Golf Queensland and the
management of its day-to-day operations.
The Committee viewed the most efficient method of
addressing Golf Queensland’s needs is to initially develop a
relatively uncomplicated document that may be enhanced on
an ongoing basis as is necessary. The Charter will be finalised
in 2011.
Insurance Review
The Committee reviewed the various policies of insurance
held by Golf Queensland including the insurance covering;
travel of teams, employees and directors as well as
public liability.
The Committee noted the various policies of insurance had
been sourced with the assistance of Golf Australia and found
the cover appropriate.
Banking Services Review
The Committee reviewed a proposal by Westpac which was
seeking to attract business from not-for-profit organisations
such as Golf Queensland. The Committee noted that Golf
Queensland utilised the Commonwealth Bank for its
banking services.
The Committee also noted that part of Westpac’s proposal
Page 10
included the appointment of a personal business banker to
liaise with Golf Queensland. The Committee considered that
improved services may flow from a relationship with Westpac
given its apparent interest in servicing the not-for-profit
sector. With those potential enhancements in mind, the
Committee recommended the Board consider changing from
the Commonwealth Bank to Westpac.
The Board noted the Committee’s request but directed
enquiries be made with the Commonwealth Bank as to
whether it could provide services comparable to or better
than those offered by Westpac.
After considering a response by the Commonwealth Bank,
the Board resolved that Golf Queensland’s banking services
should remain with that organisation at present.
Investment Strategy Review
The Committee observed that Golf Queensland had significant
funds accruing interest in a high interest investment account
with the Commonwealth Bank. The Committee supported a
conservative investment strategy by Golf Queensland.
The Committee considered a better interest rate was available
by the reallocation of invested funds to term deposits.
The Committee supported a recommendation to the Board
that Golf Queensland investigate using term deposits to
attract a higher interest rate until a complete investment
strategy was developed.
Before making a further recommendation to the Board, the
Committee will consider term deposit options of various
banking providers including risk versus return scenarios.
Member Protection Policy Review
It was suggested that the Committee review the Golf Australia
Member Protection Policy to ascertain whether the policy
was suitable for adoption by Golf Queensland. It was noted
that the Golf Queensland Disciplinary Sub-Committee had
already raised concerns about the severity of penalties that
may be imposed pursuant to the Golf Australia’s player code
of conduct policy.
The Committee considered that before a policy based on
the Golf Australia model could be implemented, a feedback
framework with Golf Australia was needed so that Golf
Queensland could communicate the aspects of the Golf
Australia policy it considered unsuitable.
The issue of whether Golf Queensland should adopt a
modified version of the Golf Australia will be finalised in
2011 after further review of specific aspects of Golf
Australia’s policy.
Draft External Reporting and Stakeholder Policy Review
The Committee considered the draft External Reporting
and Stakeholder policy. The Committee recommended
amendments to the policy regarding the timing for lodgement
of ASIC documents and the process to be utilised for the
appointment of a new auditor.
Finance and Risk Management Committee
The External Reporting and Stakeholder policy was endorsed
by the Committee and the recommended changes were
accepted..
Review of Long-Term Budget
The Committee reviewed the 2011-2015 draft budget
following a recommendation from the Planning and
Development Committee.
The Committee reviewed the assumptions contained within
the draft budget and considered them sound.
It was also noted there was a heavy reliance on capitation fees
for Golf Queensland’s income streams within the five year
plan. The Committee recommended the Board undertake
a strategic review of income streams from capitation fees.
Following this recommendation a strategic taskforce to
address this and other issues was created.
Review of Audited Financial Statements with Audit Partner
In March 2010, the Committee met with representatives from
BDO accountants, Golf Queensland’s auditors.
The BDO representatives noted that the 2009 financial
statements would show a small loss before being offset by
other comprehensive income in the form of revaluation of
the office and land. The BDO representatives then took the
Committee through the Finalisation Report and Management
Letter.
The BDO representatives recommended a further meeting
with the Committee in early 2011 before the audit report
was due.
Page 11
Game and Club Development Report
Chair
Peter Castrisos
The Game and Club
Development Committee
focussed on several key
initiatives in 2010. These
included increasing women
and girls participation in
golf, inclusive golf, District
and Club support programs,
a grant writing support program, junior development and
convening a series of club forums.
An underpinning strategy across these initiatives was to
ensure statewide delivery of services and a number of the
programs had a particular focus on regional and remote
delivery.
This year was also the end of the State Government’s
triennial funding period for State sporting organisations and
considerable time was spent in developing and submitting an
application for Golf Queensland’s major funding grant.
In 2010, the Committee consisted of Peter Castrisos (Chair),
Gary Cosier, Lee Harrington, Mike Orloff, Lisa Shaw, Rae Clarke
and Dale Durant. It was supported by staff members Lindsay
Ellis, Phil Laurie and Adrian Hewat.
Women and Girls’ Participation Programs
Women’s Golf Network (WGN)
The WGN has accumulated over 120 members to date and
continues to grow through promotions at targeted Golf
Queensland Women’s events.
Golf Queensland through the WGN continues to offer and
provide opportunities to women (new and existing players of
the game) to participate in the game of golf in an environment
which is friendly and supportive to them learning how to play
the game. It caters for the complete beginner through to the
social player and its focus is on the transition of these players
to club membership
The focus in 2011 will be to further establish a network of
participating support clubs and further develop a program of
events/activities.
School Girl’s Pilot
The school girl’s pilot program had been developed to target
girls wanting to further advance their skills through their
school and local golf club. St. Ursula’s (Rockhampton) and
St. Hilda’s (Gold Coast) participated in the program. Due to
funding changes by the State Government, this program will
not continue in 2011.
District and Club Support
District Development Program
Golf Queensland provided all Districts with the opportunity
to apply for funding to undertake grass roots participation
initiatives. Districts were requested to lodge a written
application with budget forecasts of their projects. Successful
Districts included:
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• SCSBDGA – Juniors (pathway)
• Central QLD – Junior Advanced Development Program
• Darling Downs – Equipment
• FNQ – Junior Development Program
• FNQDLGA – Junior girls “Come and Try” days
• Wide Bay - Juniors
Club Development Program
Golf Queensland also provided Rural and Regional Clubs
with the opportunity to apply for funding to undertake
participation initiatives in 2010. Golf Queensland developed
and implemented this grant/funding initiative to support
clubs improve their participation opportunities for the ‘grass
roots’ level golfers. Clubs were requested to submit a written
application with budget forecasts of their projects. Successful
clubs included Barcaldine, Blackbutt, Cooroy, El Arish, Innisfail,
Mt Coolum, Murgon, Winton and Woodford.
Grant Writing Assistance Program
Golf Queensland has continued to provide Grant’s Writing
Assistance to affiliated Clubs and Districts in 2010. A grants
newsletter that provides the latest information on the range
of government and community grants available to support
club and district activities as well as development projects was
also produced.
Community Coaching
The ‘new’ Community Coaching (formerly level 1) Course was
approved by the Australian Sports Commission in April 2010.
New resource materials have been developed to help assist
new coaches. These materials were made available in October
2010.
Golf Queensland has been given the authority to manage the
database of new and existing community coaches through
the ASC’s Sports Accreditation Online website. This access has
opened up a new channel of communication to previously
accredited coaches.
New coaches now have the opportunity to charge for their
time, if their program has been approved by Golf Australia.
This fee for service must not exceed $15,000 p.a. to ensure
there is no breach of amateur status.
In 2010, Golf Queensland delivered Community Coaching
Courses to Rockhampton, Bundaberg, Gold Coast and Central
West Queensland. These courses have resulted in 50 new
Community Coaches. This is an important initiative for
those areas where there are no professional coaches and
community coaching may be the only support available for
junior development programs.
Inclusive Golf Programs
Multi-sport Expo’s
Golf Queensland participated in five “inclusive golf” expos
in 2010. These were delivered in Brisbane North and South,
Sunshine Coast, Toowoomba and Bundaberg. At these
expos, various special education schools attended and were
Game and Club Development Report
introduced to the basic fundamentals of the game. • Marketing and Promotions
These expos have formed the basis of Golf Queensland’s
pathway for golfers/students/participants with a disability.
Excellent working relationships have been formed with
both the Life Stream Foundation and Sporting Wheelies and
Disabled organisation who convene these expos.
• Communications with the Market Place
Special School Education Programs
• National Junior Framework (MYGolf) and Junior Golf
Through the multi-sport expos, Golf Queensland has
generated a lot of interest in golf from the Special Education
Schools sector. This interest has resulted in Golf Queensland
delivering 3-4 week school programs at Ferny Grove, Darling
Point, Mitchelton, Scarborough, Redcliffe, Caboolture and
Aspley Special Schools.
Golf Queensland Sports Connect Steering Committee
Adrian Hewat established a significant and excellent Sports
Connect working committee, which includes representatives
of the Sporting Wheelies and Disabled, Lifestream Foundation,
Special Olympics, Queensland Amputees Golf Association,
Gold Coast Recreation and Sport and PGA Members.
This committee has been effective in linking events for the
disabled that, in the past, were very isolated and inaccessible
to some disability organisations. For example, Special
Olympics have combined and cross promoted their events
with Sporting Wheelies and Disabled. Adrian Hewat continues
to be involved with the Golf Australia Sports Connect Steering
Committee and the Special Olympics Golf Advisory Panel.
Junior Development and Introductory Golf Programs
In 2009, Golf Queensland established a collaborative joint
venture (MOU) with the Greg Norman Golf Foundation
(GNGF) to provide and promote further opportunities for
people to participate in golf. PGA Professional Scott Simons
was appointed into a new role that was part of the joint
program. Scott provided increased services in Queensland’s
central west, south west and in the south east corner where
he was based. He attended and delivered numerous school
and club clinics in the central west and south west Queensland
in 2010.
Considerable effort has been made in gearing up for the 2011
launch of the MYGolf Program in Queensland. This exciting
new program will have a focus on linking schools to clubs with
an aim of increasing junior membership in clubs.
Through all participation and introductory programs delivered
or facilitated by Golf Queensland, more than 8,000 individuals
have had a try at playing golf.
Club Forum Series
The major club forum for 2010 was run in October over two
days at the Brisbane Airport Novotel. There was excellent
attendance by both professional and volunteer club
management. The topics covered included:
• Grant Programs
• Handicapping and Course Rating Development
• Insurance for golf clubs
Queensland
• ‘Modern’ Membership Models
• Update on the Attraction, Attrition and Retention Project
conducted in 2009.
Regional Forums
Lindsay Ellis, Phil Laurie and Peter Castrisos conducted
regional club forums in Roma and Rockhampton following the
initial Cairns and Townsville forums run in 2009. Numbers for
the forums were encouraging and those who attended found
the information valuable and relevant to all areas of their
current club operations.
Communication with the Clubs in these areas has been
a challenge despite numerous club mail outs, emails and
website bulletins. The face-to-face contact with club personnel
has greatly assisted in improving communication and has been
successful in providing clubs with contemporary information
and services such as the grant writing assistance program.
More regional forums in different locations such as
Maryborough and Toowoomba will be planned for 2011.
Queensland Government Funding 2011 – 2013
The Department of Communities (Sport and Recreation
QLD) has restructured the State Sport and Recreation
Organisational Development Program for the funding period
2011 – 2013. Golf Queensland has been reviewed by Sport
and Recreation QLD and was successful in being placed in the
top funding band for 2011 – 2013.
Golf Queensland’s funding application was successful in
securing $290,000 per annum for the next three years. These
funds significantly contribute to the programs and staff costs
involved in the delivery of Game and Club Development
activities as well as many of Golf Queensland’s organisational
development activities.
Sport and Recreation Queensland - Active Inclusion
Funding 2011
The Active Inclusion Program replaces the Priority Initiatives
funding which ran from 2008 – 2010. Golf Queensland has
submitted an application under this program for $50,000 to
continue its work in the inclusion of disabled and Indigenous
persons in the game of golf.
Page 13
Planning and Development Report
Chair
Tom Crothers
As for-shadowed at the
2010 Annual General
Meeting, the Board
established a Planning and
Development Committee
to overview the strategic
business direction of the
Company. The primary
purpose of this Committee is to provide advice to the Board
on the effectiveness of Golf Queensland’s Strategic Plan,
Business Plan and associated projects as well as positioning
the Company in regard to emerging trends or developments
that may impact on the Company’s operations.
The Committee’s members are Tricia Harding, Graeme
Mathers, Nancy Young, Peter Castrisos, Lindsay Ellis and
Phil Laurie (as the Golf Queensland’s support officers) and
Tom Crothers as Committee Chair. Phil Laurie subsequently
resigned from Golf Queensland in October 2010.
The Committee held its first meeting on July 29, 2010 where
it reviewed its Terms of Reference and developed a program
of work to be undertaken over the next 12 – 18 months.
The Committee agreed that its primary focus for 2010 was a
review of Golf Queensland’s Strategic Plan and its supporting
Business Plan.
Page 14
A workshop of Golf Queensland staff, several Golf Queensland
Committee Chairs, the Company’s Directors and several key
external people associated with Clubs and District Associations
was held on November 23, 2010 at which the business drivers,
objectives, main supporting strategies and priorities for the
Company’s Business Plan were reviewed. The outcomes of this
day will be reflected in updated Strategic and Business Plans
for the Company.
Other priority areas of work that have been initiated by the
Committee since its inception include; the development of a
Club Score Card and Planning Workbook, the development
of a five-year budget proposal, the development of a
revised Capitation Fee By-Law and the finalisation of the
Memorandum of Understanding between Golf Queensland
and Golf Australia. The outcomes of activities on these
initiatives will be progressively released during 2011.
The Committee also identified a priority need for the
Constitution of Golf Queensland to be revised and updated.
A small sub-committee comprising of Carmel Smith, Bruce
Scriven and Tom Crothers has commenced this work. It is
proposed that a draft revised Constitution will be released
to Councillors and Member Districts in the middle of 2011
for further review and comment. The Board anticipates that
this new Constitution could be ready for consideration and
possible adoption by the November 2011 Council meeting.
Page 15
Match Report
Chair
Tony Rollins
During the year the
Golf Queensland Match
Committee met on six
occasions, and it is my
pleasure, on behalf of
the members of that
Committee, to outline the
major activities for the 2010
calendar year.
Without doubt the highlights were the great results of
our State Teams in the Australian Interstate Series played
in Brisbane. The women’s team were joint winners (with
Victoria) of the Gladys Hay Memorial Cup played at McLeod
Country Golf Club, whilst the men’s team took out their series
for only the sixth time – (the first since 2004) at the Oxley Golf
Club. Unfortunately the colt’s team just failed to complete
the trifecta for Queensland when finishing runners up to
unbeaten Victoria at the Wynnum Golf Club. Special thanks
are extended to all host clubs for the excellent presentation
of their courses in near drought conditions and for their
assistance and hospitality received during the events.
I was appointed as Queensland’s representative on Golf
Australia’s Championship Committee which has now been
disbanded (Feb 2011). During the year several major changes
to the National tournament schedule were recommended to
the Golf Australia Board. The following major changes should
be noted with effect from 2012:
• Australian Amateur Championships – to be played in
Victoria for the next three years and moved from
March to late January.
• Australian Interstate Series – moved from September to
late April - early May.
In addition, Golf Australia has decided to remove the
Interstate colts series from the program and amend the
men’s and women’s Interstate series to four days duration by
deleting the foursomes matches from normal competition
and then including them in the newly created final between
the two top teams after the five contests have been played.
The men’s and women’s competitions will still be played at
separate venues.
With the move of the Australian Interstate series to April/
May it will be necessary for Queensland to reschedule the
Queensland Amateur events. The Committee is currently
discussing potential dates, but these events are likely to be in
the second half of the calendar year.
The Sunshine Coast courses hosted the 2010 Amateur
Championships of Queensland with the women playing at the
Bribie Island Golf Club and the men playing at the Headland
Golf Club. The joint match play was held at the Pacific Harbour
Golf and Country Club. Both stroke play events were decided
by play-offs. In the women’s it was won by Breanna Elliott
(Vic) at the first hole while it took eight holes before Cameron
Smith (Royal Queensland) could gain victory. Both match play
finals were decided on the 36th hole with Brett Drewitt (NSW)
and Saki Suzuki (Lakelands) being successful.
Page 16
General changes in operations of tournaments during the year
included the following:
• The boys and girls Amateur Championships of Queensland
were combined for the first time at Indooroopilly – this
concept was a great success and well received by all.
• Distance measuring devices (for measuring distance only)
were permitted in State events as from 1 January 2010.
• For consistency, caddies are not permitted for all State
junior events conducted by Golf Queensland (effective 1
January 2010).
• Women’s Country Week, by far our most popular
tournament (by volume of players) attracted a capacity
field at Coolangatta /Tweed Heads and already the 2011
event being played at Capricorn International in May is
nearing maximum fields.
• The State Four Ball Championship has been cancelled due
to the exorbitant costs and losses incurred in conducting
this event plus the reluctance by some District Associations
to support the competition. This, plus competition
from various well sponsored commercial tournaments
has made it extremely difficult for us to continue this
particular competition format. The Match Committee is
currently examining the possibility of a replacement event
commencing in 2012.
• Player behaviour has been of great concern to Golf
Australia and Golf Queensland over recent years. In
an effort to prevent future course abuse and etiquette
breaches, steps have been taken to educate the players in
respecting the golf courses whilst competing in our events.
The support of the District Golf Associations and golf clubs
is requested in addressing these areas. Golf Australia has
released an updated Player and Caddie Code of Conduct
and Golf Queensland will customise this to meet its’
specific needs in 2011.
• The formula for financial assistance for the Meg Nunn
Trophy for those Women’s District Golf Associations with
limited funds was maintained on the existing format
for 2011.
The members of the Match Committee for 2010 comprised
– Elaine Clout, Lyn Hughes, Rod Macleod, Liam O’Sullivan,
Barry Shepherd, Carmel Smith and myself as Chair. This will
be my final report as Chairman as I have stepped down from
the position, effective 31 December 2010. The Board of Golf
Queensland has appointed Carmel Smith as my replacement.
On behalf of the golfers of Queensland, I sincerely thank the
Committee members and the members of our Tournament
Support Group, who all give so much of their valuable time in
the interest of golf in this State.
Page 17
High Performance Report
Chair
Tricia Harding
The High Performance
programs include the
identification and
development of high
performance and
talented athletes.
Committee
The High Performance Committee consists of Tricia Harding
(Chair), Barry Sheppard (Chair of Selectors), Garry Calder,
Barry Dancer, Tony Meyer (PGA Member), Mark Gibson
(PGA Member), Graeme Mathers and supported by
Golf Queensland staff member Luke Bates. Mark Gibson
subsequently resigned during the year.
High Performance Program Development
A key focus in this area has been the improvement of the
management and development of Golf Queensland’s high
performance and talented athlete program.
In particular, the Committee finalised a number of resources
intended to improve communication and sustainability
of quality operations while ensuring that management
and the High Performance Committee are well informed.
The following resources have been approved by the Golf
Queensland Board and are already being used at an
operational level:
• Selection Policy for State Teams, Squads and
Development Programs
• High Performance Manual which includes guidelines and
descriptions of all operational programs including goals and
performance indicators. The Manual will serve as an induction
document for all volunteers and staff. It will also provide the
basis for operational planning and assist the High Performance
Committee to monitor and evaluate the programs.
• State Team Manager Manual to assist managers in their
management of teams.
Refresh of Panels
Golf Queensland called for Expressions of Interest (EOI) for the
Selector’s, Manager’s and Coach’s Panels and was extremely
pleased with the number of quality applicants that were
received. In October the committee appointed the following
people to join the Selector’s, Manager’s, Coach’s Panels.
Selectors
Managers
Coaches
Barry Shepherd
Don Palmer
Gary Calder
Tom Crothers
Ray Adams
Tony Meyer
Josie Ryan
Matthew Toomey
Grant Field
Ray Adams
Tricia Harding
Richard Harris
Graeme Mathers
Virginia Irwin
Michelle Evans
Lee Eagleton
Craig Frohmuller
Richard Woodhouse
Page 18
An EOI for the High Performance Support Group was also
issued which allowed for a number of new volunteers to join
this group.
Program Review
During the year a number of High Performance programs were
reviewed. This assessment was based on the performance and
process metrics set out in the High Performance Manual. The
programs included the Advanced Junior Clinic, Junior Program
(formally Junior Development Program) and the Queensland
Academy of Sport (QAS) Program.
The review of the programs has enabled the committee to
make well-informed decisions on their operations and to make
appropriate adjustments where needed.
Programs Delivered
The Advanced Junior Clinic which was held in January 2010
enabled juniors to experience a camp in Brisbane. This Clinic
included sessions on nutrition, rules and coaching.
The Junior Program saw the junior teams travel to Tasmania
in April to play in the Australian Junior Championship and
the Interstate Team Series. The girl’s team come third and the
boy’s finish second. The juniors then had a break until training
commenced again in July.
The State Program saw the Men’s, Women’s and Colt’s
Teams contesting the 2010 Interstate Teams Series at home
in Queensland in September with outstanding results. The
Men’s Team won their Series, the Women’s Team tied first
with Victoria and the Colts Team finished second.
The QAS is conducted with the assistance of the Queensland
Government and forms the pinnacle of the Golf Queensland
High Performance Program. This year all members of the
squad attended an induction day in July which included an
anti-doping education segment. The QAS has been contracted
to deliver athlete, career and education counselling. All
members of the QAS have undergone the counselling which
has received positive feedback. All of these exceptional
results were due to the strong commitment of all players,
coaches, managers and volunteers involved in the high
performance program.
National Level Performance
An ongoing aim of the high performance program is to
prepare State teams to perform as successfully as possible at
National events as well as providing a pathway toward
higher levels.
With the Australian Amateur Ranking System recently
concluding for 2010, Men’s team member Cameron Smith
won the Boy’s category. The win for Smith adds to already
impressive list of titles for 2010: Qld Boys Amateur Champion,
Qld Men’s Stroke Play Champion, Gary Player Classic (16-17)
Champion.
Ashley Ona competed strongly at interstate and international
level. Ashley won the New South Wales Women’s Stroke Play
in May and then finished fourth at the Irish Women’s Open
Stroke Play held at Newlands Golf Club, Dublin in June.
Page 19
Technical Report
Chair
Abby Driver
The Technical Committee
consists of Abby Driver
(Chair), Lew Draper, Jim
Dalrymple, Clare Kirby, Rod
Lawerson and Margaret
Bailey.
Scott Wagstaff, Christian
Gillott and Phil Laurie of
Golf Queensland also contributed significantly as members
prior to their departure to other areas of the golfing industry.
Luke Bates and Jay Townsend now provide enthusiastic and
professional guidance to the current Technical Committee.
The Technical Committee met on four occasions in 2010.
State Level Rules Accreditation
Although we do recognise that there is some angst and
confusion in the golfing public on the USGA handicapping
system and its implementation, the Technical Committee
is supportive of Golf Australia ’s aim to introduce the best
possible handicapping system in Australia.
Golf Queensland continues to encourage all clubs to
establish a Handicap Committee to ensure compliance with
the Australian Men’s and Women’s handicap system. This
committee should consist of a minimum of three members
(both male and female) and cater for both male and female
golfers.
A number of Queensland clubs have exercised their right to
request the reduction and freezing of the handicap of players
where they feel their current handicap does not reflect their
true playing potential.
The second Golf Queensland State Level Rules Accreditation
course was conducted at the Brisbane Golf Club on November
6-7, 2010. While Golf Australia delivered the course a number
of Golf Queensland State accredited officials assisted in the
delivery of the practical examination.
The question of levels set for grades such as A Grade and B
Grade has been raised a number of times throughout the year.
Golf Australia considers this to be a club decision based on:
The following people attained their State Level Rules
Accreditation: Carmel Smith, Trish Harding, Jay Townsend,
Justin Maker (QLD PGA), Rod Lawerson and Bill Livingston.
• The distribution of handicaps within the club
Barry Shepherd officiated at the Men’s Australian Open at The
Lakes in December, 2010.
The Technical Committee is currently developing a pathway
for people wishing to attain accreditation from Club level to
National level.
Club Level Rules Accreditation
Presentations were conducted at the following locations
throughout 2010:
• Riverlakes Golf Club
• Gold Coast Burleigh Golf Club
• Hope Island Golf Club
• Peregian Springs Golf Club
• Townsville Golf Club
• Mackay Golf Club
• Nudgee Golf Club
• Royal Queensland Golf Club
• Robina Woods Golf Club
Handicapping
Following the decision by the Board of Golf Australia to
suspend indefinitely the second package of the USGA
Handicapping System in October 2010, the Technical
Committee has monitored the range of feedback being given
by Queensland clubs.
Page 20
• The number of competition entrants
• The nature of a specific competition.
As a result of the high number of clubs affected by the ongoing wet weather, bunkers under renovation are becoming
an issue in relation to the course rating and handicapping.
Affected clubs are invited to contact Golf Queensland to
ensure that current course ratings are accurate.
It should also be noted that during 2010, 12 reinstatements of
amateur status were processed.
USGA Course Rating Implementation
A large devoted group of volunteers has established
Queensland as the leading State in Australia to deliver to
all affiliated golf clubs a course rating in accordance with
the USGA Rating System. The USGA Course Rating project
continues to be on schedule with qualified rating teams
attending 160 golf courses between April and November 2010.
Weather permitting; the project will see nearly all courses
being rated by mid-2011. This will leave six months to
complete the final requirements.
Golf Queensland anticipates that all Queensland Slope Ratings
will be ready by the end of 2011 by which time all data will
be entered into an online USGA web base (by Golf Australia).
The actual implementation of the slope ratings must be done
at a National level and is dependent on the progress of other
States. The complete introduction of the Slope Rating System
is presently scheduled for the middle of 2012.
In accordance with the USGA License, all Clubs must be rerated every 10 years. The Technical Committee is currently
developing a financial and operational strategy to allow this to
take place.
Technical Report
Captain’s Day
The Golf Queensland’s Captain’s Day was once again
presented at the Virginia Golf Club and was attended by over
80 club captains. The presentations included an update on
Golf Australia’s introduction of the new handicapping system
and related course rating process. The event proved to be a
popular program for club captains and officials in the areas of
tournament presentation and the rules of golf. The day will be
continued in 2011.
Page 21
Committees & Volunteers
Committees 2010
Volunteers 2010
Brad Petley (Chair)
Sean Miller
David Bell
Matt Toomey
Matthew Sedgman (staff)
Broderick Bird
Finance and Risk
Planning and Development
Tom Crothers (Chair)
Graeme Mathers
Tricia Harding
Peter Castrisos
Nancy Young
Lindsay Ellis (staff)
Phil Laurie (staff)+
Game and Club Development
Peter Castrisos (Chair)
Mike Orloff
Gary Cosier
Rae Clarke
Lisa Shaw
Dale Durant
Lee Harrington
Lindsay Ellis (staff)
Adrian Hewat (staff)
Phil Laurie (staff)+
High Performance
Tricia Harding (Chair)
Barry Shepherd
Garry Calder
Barry Dancer
Tony Meyer
Mark Gibson+
Graeme Mathers
Luke Bates (staff)
Match
Tony Rollins (Chair)
Barry Shepherd
Carmel Smith
Lyn Hughes
Rod MacLeod
Elaine Clout
Liam O’Sullivan
Scott Wagstaff (staff)+
Luke Bates (staff)*
Technical
Abby Driver (Chair)
Lew Draper
Rod Lawerson
Jim Dalrymple
Clare Kirby
Margaret Bailey
Luke Bates (staff)*
* Appointed 2010
+ Ceased term 2010
Page 22
Volunteer of the Year
State Selectors
Barry Shepherd (Chair)
Carmel Smith+
Tom Crothers
Josie Ryan
Managers Panel
Don Palmer
Tricia Harding
Ray Adams
Tom Crothers+
Barry Shepherd
Carmel Smith+
Jo-Anne Atkin+
Rod Lawerson
Matthew Toomey
High Performance Support Group
Ryan Adams
Don Palmer
Tricia Harding
Garry Calder
Graeme Mathers
State Coaching Panel (contracted)
Garry Calder
Chris Gibson+
Lee Eagleton
Virginia Irwin
Richard Harris
Grant Field
Murray Lott+
Tony Meyer
Golf Australia Delegates
Tom Crothers
Carmel Smith
Office Volunteer
Lorraine Stone
Golf Operations Volunteer
Rod Lawerson
Tournament Support Group
Peter Castrisos
Elaine Clout
Tom Crothers
Jim Dalrymple
Lew Draper
Abby Driver
Lavinia Hill
Lyn Hughes
Clare Kirby
Rod Lawerson
Siobhan Maguire
Rod MacLeod
Bob Mihell
Peter Monks
Neil Peters
Tony Rollins
Barry Shepherd
Carmel Smith
Moss Thistlewaite
Craig Trenfield
Trevor Wuoti
Eric Whte
Course Raters
Howard Air
Marilyn Antcliff
Margaret Bailey (Course Rating Auditor
and Zone Administrator)
John Baldwin
Tony Barnet
Julianne Behan
Lindsay Bennett
Raymond Bennett+
Kevin Bowden
Sue Byrnes
John Cameron
Rob Carswell
Judith Carswell
Glenn Clarke
Peter Castrisos
Peter Clark
Wayne Clarke
Bill Coverdale
Nick Crommelin
Jim Dalrymple (Zone Administrator)
Neil Dougherty
Lew Draper
Abby Driver (Course Rating Auditor and
Zone Administrator)
Rosemary Classon
Ruth Hungerford
Roger Johnston
Rod Lawerson
Margaret Lees
Michael Levick (Zone Administrator)
Judy Logan
Graeme MacDonald
Scott Mayes
Wayne McGregor
Peter Monks
Jim Morrison
Dave Morrison
John Morrison
Ron Murphy
Ronald Newton
Ariene Penlington
Trevor Pryor
Jane Reynolds
Ismay Selby
Barry Shepherd (Zone Administrator)
Peter Stone
Graeme Sykes
Nola Taylor
Iris Thompson
Peter Thomsen
Arthur Wallis
Mark Washington
Perin Wood
2010 Australian Interstate Team Matches
Event
Boy’s
Girl’s
Colt’s
Women’s
Men’s
Venue
Launceston Golf Club, Tasmania
Ulverstone Golf Club, Tasmania
Wynnum Golf Club, Queensland
McLeod Counrty Golf Club, Queensland
Oxley Golf Club, Queensland
Champion
New South Wales
New South Wales
Victoria
Queensland & Victoria
Queensland
Queensland Result
2nd
3rd
2nd
Champions
Champions
2010 Queensland Men’s Interstate Team
Back Row (L-R) - Brett Rankin, Marika Batibasaga, Richard Harris (Coach)
Middle Row (L-R) - Donald Palmer (Manager), Adam Gemmell, Adam Boyer, Tim Hart, Gavin Fairfax
Front Row (L-R) - Blake McGrory, Cameron Smith, Chris Wood
Page 23
Queensland Championship Results 2010
Queensland Girl’s & Boy’s Amateur Championship
Venue:
Indooroopilly Golf Club
Date:
3 - 7 January 2010
Girl’s Champion
Jessica Park
Girl’s Runner Up:
Christina Mew
Boy’s Champion:
Cameron Smith
Boy’s Runner Up:
Taylor Macdonald Jessica Park and Cameron Smith
Queensland Champion of Champions
Venue:
Brisbane Golf Club
Date:
28 February 2010
Men’s Champion:
David Rattray
Women’s Champion:
Jessica Park
Jessica Park and David Rattray
Queensland Indigenous Championship
Venue:
Murgon Golf Club
Date:
23 - 25 July 2010
Champion:
Brett Angeles
Runner-Up:
Craig Dodd
Brett Angeles
Queensland Women’s Four-Ball (President’s Cup)
Venue:
North Lakes Golf Club
Date:
29 March 2010
Champions:
Roberta Rogers & Kate Sawrey
Runners-Up:
Di Burke & Ros Dales Page 24
(L-R) Roberta Rogers &
Kate Sawrey Golf Queensland Annual Report Year Ended 31 December 2010
Queensland Women’s Stroke Play Championship
Venue:
Bribie Island Golf Club
Date:
27 - 30 April 2010
Champion:
Breanna Elliott
Runner Up:
Stacey Keating
Breanna Elliott
Queensland Men’s Stroke Play Championship
Venue:
Headland Golf Club
Date:
27 - 30 April 2010
Champion:
Cameron Smith
Runner Up:
Brett Drewitt
Cameron Smith
Queensland Men’s & Women’s Amateur Championship
Venue:
Pacific Harbour Golf & Country Club
Date:
4 - 7 May 2010
Men’s Champion:
Brett Drewitt
Women’s Champion:
Saki Suzuki
Brett Drewitt & Saki Suzuki
Keperra Bowl
Venue:
Keperra Country Golf Club
Date
11 - 14 May 2010
Champion:
Gavin Fairfax
Runner Up:
Jin Jeong
Gavin Fairfax
Page 25
Queensland Women’s Country Championship
Venue:
Coolangatta/Tweed Heads Golf Club
Date:
17 - 19 May 2010
Champion (Silver Div Gross):
Catherine Coates
Runner Up:
Amy Harding
Catherine Coates
Queensland Men’s Sand Green Championship
Venue:
Boulia Golf Club
Date:
12 - 13 June 2010
Champion:
Alan Barber
Runner Up:
Cameron Powell
Alan Barber
Queensland Mixed Foursomes Championship
Venue:
Golf Coast Burleigh Golf Club
Date:
20 June 2010
Champions:
Cameron Powell & Courtney Massey
Runner Up:
Blake McGrory & Madeline Hill
Cameron Powell & Courtney
Massey
Queensland Women’s Sand Green Championship
Venue:
Wandoan Golf Club
Date:
3 - 4 July 2010
Champion (Silver Div Gross):
Wendy O’Connell
Runner Up:
Yvonne Mallory
Wendy O’Connell (centre) with
Division 2 winner Iris Thompson
(left) and Division 3 winner
Christine Williams (right)
Page 26
Queensland Men’s Senior Amateur Championship
Venue:
Carbrook Golf Club
Date:
13 - 15 July 2010
Champion:
John Beaumont
Runner Up:
Mike Peeck
John Beaumont
Queensland Men’s Senior Open
Venue:
Nudgee Golf Club
Date:
21 - 23 July 2010
Champion:
Rodger Davis
Runner Up:
Garry Merrick
Winner Rodger Davis (left) with Max Mason
(Nudgee Golf Club)
Queensland Women’s Foursomes Championship
Venue:
Toowoomba Golf Club
Date:
1 August 2010
Champions:
Courtney Massey & Ashley Ona
Runner Up:
Jasmine Finlay & Susan Glasby
Courtney Massey & Ashley Ona
Queensland Men’s Foursomes Championship
Venue:
Oxley Golf Club
Date:
8 August 2010
Champions:
Cameron Smith & Marika Batibasaga
Runner Up:
Luke Marino & Dan McGraw
Cameron Smith & Marika Batibasaga
Page 27
Queensland Men’s Country Week
Venue:
McLeod Country Golf Club / Redcliffe Golf Club
Date:
9 August 2010 - 13 August 2010
Champion (A Grade Gross):
Luke Marino
Runner Up:
Pete Wouters
Luke Marino
Queensland Women’s Mid-Amateur Championship
Venue:
Bargara Golf Club
Date:
23 - 25 June 2010
Champion:
Katrina Jones
Runner-Up:
Lyn Garred
Katrina Jones
Queensland Men’s Mid-Amateur Championship
Venue:
Club Pelican Golf Club
Date:
19 - 21 September 2010
Champion:
Michael Neaton
Runner-Up:
Malcolm Huth
Michael Neaton
Queensland Senior Women’s Amateur Championship
Venue:
Bargara Golf Club
Date:
21 - 25 June 2010
Champion:
Josie Ryan
Runner-Up:
Wendy O’Connell
Josie Ryan
Page 28
Queensland Business Women’s Championship
Venue:
Date:
10 October 2010
Champion (Div. 1) :
Jade Fisher
Champion (Div. 2) :
Vicki Grant
Jade Fisher
Katherine Hull Classic
Venue:
Horton Park Golf Club
Date:
26 - 28 September 2010
Champion:
Jessica Park
Runner-Up:
Emily McLennan
Jessica Park
Gary Player Classic
Venue:
Pacific Golf Club
Date:
28 September 2010 - 1 October 2010
15 Years & Under:
Viraat Badhwar
16-17 Years:
Cameron Smith
18-20 Years:
Taylor Macdonald
Cameron Smith, Viraat Badhwar
& Taylor Macdonald
Paysmart Handicap Four-Ball Championship
Venue:
Date:
18 - 19 October 2010
Mixed:
Keith Courts & Judi Courts
Women:
Coral Walton & Anne Woodrooffe
Men:
John Anderson & Albert Horsfall
Keith Courts, Judi Courts, Coral Walton, Anne
Woodrooffe, John Anderson & Albert Horsfall
Page 29
Gertrude McLeod Winners Event
Venue:
Redland Bay Golf Club
Date:
25 October 2010
Div 1:
Melita Smith
Div 2:
Alana Griffiths
Div 3:
Christine Courtney
(L-R) Melita Smith, Alana Griffiths,
Christine Courtney
Queensland Men’s Inter-Association Teams Event
Venue:
Yeppoon Golf Club
Date:
14 - 16 November 2010
Champion:
South East Queensland District
Runner-Up:
Gold Coast District
South East Queensland District Team
Queensland Schoolboys Championship
Venue:
Date:
8 - 10 December 2010
Champion:
Jake McLeod
Runner-Up:
Maverick Antcliff
Jake Mcleod
Page 30
Golf Queensland Limited ACN 126 091 450 and Controlled Entity
Golf Queensland Ltd and Controlled Entity
ACN: 126 091 450
Financial Report
For the Year Ended 31 December 2010
Page 31
Golf Queensland Limited ACN 126 091 450 and Controlled Entity
Contents
Directors’ Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Auditor’s Independence Declaration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Consolidated Statement of Comprehensive Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Consolidated Statement of Financial Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Consolidated Statement of Changes in Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Consolidated Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Notes to the Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Directors’ Declaration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Independent Auditor’s report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
35
36
36
37
37
38-51
52
53
Directors’ Report
Your directors present their report on the company and its controlled entity for the financial year ended 31 December 2010.
Directors
The names of each person who has been a director during the year and to the date of this report are:
• Peter Castrisos
• Patricia Anne Harding
• Barry Shepherd
• Richard Brooks Crothers
• Carmel Desley Smith
• Lynette May Hughes
• Brad Petley (appointed January 2010)
• Graeme Mathers (appointed January 2010)
Secretary
• Matthew Thomas Sedgman
Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.
Objective
Golf Queensland aims to promote and foster the game of golf, preserve its traditions and encourage existing golfers to realise
their potential and athletic abilities and develop golfing talent.
Strategy
The strategies employed to achieve those objectives utilises the following drivers: We will strive to attract, introduce and keep
people in the game; we will provide opportunities for talented Queensland golfers to excel; we will optimise our operations
through diligent and best practice management while assisting clubs and districts to do the same; and to achieve sustained
organisational performance we will actively grow and develop our resources inclusive of finances, facilities, partnerships and
other infrastructure.
Principal Activities
The principal activities during the year were the provision of Participation and Development programs, Tournaments, High
Performance programs, and Technical programs. These activities were developed in line with our key drivers as supporting
strategies within the business plan. The success of these activities in achieving their desired outcome is assessed against Key
Performance Indicators linked to the business plan’s supporting strategies.
Review of Operations
A review of operations of the consolidated group during the financial period and the results of the operations is as follows:
During the period, the consolidated group continued to engage in its principal activity, the results of which are disclosed in the
attached financial report.
Operating Results
The surplus for the year of the consolidated group amounted to $13,572 (2009 period: loss of $46,395).
Future Developments
The consolidated group expects to maintain the present status and level of operations and hence there are no likely
developments in the consolidated group’s operations.
Page 32
Golf Queensland Limited ACN 126 091 450
Information on Directors
Richard Brooks Crothers
Qualifications
Experience
Elected Director (President)
Bachelor Applied Science (Honours)- University of Queensland (Gatton)
Management and sub committee experience with Golf Queensland, Queensland Golf Union, Wide Bay DGA, Bargara Golf Club, and Warwick Golf Club. Member of Virginia Golf Club.
Carmel Desley Smith
Qualifications
Experience
Elected Director (Vice President)
Bachelor of Arts- University of Queensland (St Lucia)
Management and sub committee experience with Golf Queensland, Women’s Golf Queensland, Queensland Secondary Golf, Wide Bay Burnett DLGA, South Burnett Zone Golf Associates, and Murgon Golf Club. Honorary life member at Murgon Golf Club and member at Horton Park
Golf Club.
Peter Castrisos
Qualifications
Experience
Elected Director
Bachelor of Pharmacy- University of Queensland
Management and sub committee experience with Golf Queensland, the Queensland Golf Union and Brisbane Golf Club. Member of Rotary, and Brisbane Golf Club.
Patricia Anne Harding
Qualifications
Experience
and Lynette May Hughes
Qualifications
Experience
Elected Director
Senior Certificate (Loreto College)
Management and sub committee experience with Golf Queensland, Women’s Golf Queensland,
Toowoomba Golf Club. Member of Toowoomba Golf Club. Diocesan Director for Catholic Mission.
Elected Director
Registered Psychiatric Nurse
Management and sub committee experience with Golf Queensland, the Queensland Ladies Golf Union, Wide Bay Burnett DLGA, and Kingaroy Golf Club. Member of Caboolture Golf Club.
Barry Shepherd
Qualifications
Experience
Elected Director
Diploma of Pharmacy- Queensland Technical College
Management and sub committee experience with Golf Queensland, the Australian Golf Union, the Queensland Golf Union, North Queensland Golf Association, and Townsville Golf Club. Honorary life member of North Queensland Golf Association and member of Royal Queensland Golf Club.
Graeme Mathers
Qualifications
Experience
Appointed Director January 2010
Cert IV Training and Assessment
Management and committee experience with Golf Queensland. Committee Experience with Kooringal Golf Club and Huntingdale Golf Club. Member of The Brisbane Golf Club
Brad Petley
Qualifications
Experience
Appointed Director January 2010
Master of Laws- QUT
Management and committee experience with Golf Queensland. Redcliffe District Hospital Medical Ethics Committee. Member of Nudgee Golf Club
Page 33
Page 34
Level 18, 300 Queen St
Brisbane QLD 4000,
GPO Box 457 Brisbane Qld 4001
Australia
Tel: +61 7 3237 5999
Fax: +61 7 3221 9227
www.bdo.com.au
DECLARATION OF INDEPENDENCE BY MARK TAYLOR TO THE DIRECTORS OF GOLF QUEENSLAND LIMITED
As lead auditor of Golf Queensland Limited for the year ended 31 December 2010, 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 audit; and
• any applicable code of professional conduct in relation to the audit.
This declaration is in respect of Golf Queensland Limited and the entities it controlled during the period.
Mark Taylor
Director
BDO Audit (QLD) Pty Ltd
Dated at Brisbane this 4th day of April, 2011.
BDO Audit (QLD) Pty Ltd ABN 33 134 022 870 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 Audit (QLD) Pty Ltd 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.
Page 35
Consolidated Statement of Comprehensive Income
for the Year Ended 31 December 2010
NoteGroup
20102009
$$
Revenue
2
2,641,530
2,600,614
Employee benefits expense
3
Affiliation fees
Team and development expenses
3
Administration
Depreciation and amortisation
3
(540,814)
(730,650)
(829,220)
(413,934)
(113,340)
(531,556)
(579,591)
(959,326)
(462,669)
(113,867)
Surplus before income tax
13,572
(46,395)
Income tax expense
1 (o)
-
Surplus after income tax
13,572
(46,395)
Other comprehensive income
Revaluation of land and office building
-
793,497
Total comprehensive income for the year
13,572
747,102
The above Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying notes.
Consolidated Statement of Financial Position
as at 31 December 2010
NoteGroup
20102009
$ $
ASSETS
CURRENT ASSETS
Cash and cash equivalents
4
1,562,987
1,227,523
Trade and other receivables
5
339,281
654,947
Inventories
19,000
16,897
TOTAL CURRENT ASSETS 1,921,268
1,899,367
NON-CURRENT ASSETS
Financial assets
6
1
1
Property, plant and equipment
7
2,639,086
2,697,536
Intangible assets
8
22,936
38,225
Other receivables
9
-
TOTAL NON-CURRENT ASSETS 2,662,023
2,735,762
TOTAL ASSETS
4,583,291
4,635,129
CURRENT LIABILITIES
Trade and other payables
10
1,402,778
1,463,964
TOTAL CURRENT LIABILITIES 1,402,778
1,463,964
NON-CURRENT LIABILITIES
Provisions
11
7,702
11,926
TOTAL NON-CURRENT LIABILITIES
7,702
11,926
TOTAL LIABILITIES 1,410,480
1,475,890
NET ASSETS
3,172,811
3,159,239
EQUITY
Retained Earnings
1,602,516
1,588,944
Reserves
1,570,295
1,570,295
TOTAL EQUITY
3,172,811
3,159,239
The above Consolidated Statement of Financial Position should be read in conjunction with the accompanying notes.
Page 36
Consolidated Statement of Changes in Equity
Retained Earnings Asset Revaluation Reserve
Total
$$ $
Balance at 1 January 2010
1,588,944
1,570,295
3,159,239
13,572
-
13,572
Balance at 31 December 2010
1,602,516
1,570,295
3,172,811
Balance at 1 January 2009
1,635,339
776,798
2,412,137
(46,395)
793,497
747,102
1,588,944
1,570,295
3,159,239
Total comprehensive income/(loss) for the year
Total comprehensive income/(loss) for the year
Balance at 31 December 2009
The above Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying notes.
Consolidated Statement of Cash Flows
Note Group
20102009
$$
CASH FLOW FROM OPERATING ACTIVITIES
Receipts from customers
3,321,448
2,715,973
Payments to suppliers and employees
(2,985,083)
(2,854,244)
Interest received
37,597
35,386
373,962
(102,885)
Proceeds from sale of property, plant and equipment
22,914
13,637
Payment for property, plant and equipment (61,412)
(110,007)
Payment for investment
-
(1)
Payment for intangibles
-
(39,537)
Net cash used in investing activities
(38,498)
(135,908)
Receipts associated with transfer of assets -
-
Payments associated with transfer of assets
-
-
--
Net cash generated from operating activities 18(b)
CASH FLOW FROM INVESTING ACTIVITIES
CASH FLOW FROM FINANCING ACTIVITIES
Net increase in cash held
335,464
(238,793)
Cash at the beginning of the financial year
1,227,523
1,466,316
1,562,987
1,227,523
Cash at the end of the financial year
18(a)
The above Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes.
Page 37
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
The financial report includes the consolidated financial statements and notes of Golf Queensland Limited and
controlled entities (‘Consolidated Group’ or ‘Group’), and the separate financial statements and notes of Golf
Queensland Ltd as an individual parent entity (‘Parent Entity’).
Golf Queensland Ltd is a company limited by guarantee, incorporated and domiciled in Australia.
Basis of Preparation
The financial report is a general purpose financial report that has been prepared in accordance with Australian
Accounting Standards, Australian Accounting Interpretations, other authoritative pronouncements of the Australian
Accounting Standards Board and the Corporations Act 2001.
Australian Accounting Standards set out accounting policies that the AASB has concluded would result in a financial
report containing relevant and reliable information about transactions, events and conditions to which they apply.
Material accounting policies adopted in the preparation of this financial report are presented below. They have been
consistently applied unless otherwise stated.
The financial report has been prepared on an accruals basis and is based on historical costs, modified, where
applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities.
Accounting Standards not Previously Applied
The Group has adopted the following new and revised Australian Accounting Standards issued by the AASB which are
mandatory to apply to the current interim period. Disclosures required by these Standards that are deemed material
have been included in this financial report on the basis that they represent a significant change in information from
that previously made available.
Presentation of Financial Statements
AASB 101 prescribes the contents and structure of the financial statements. Changes reflected in this financial report include:
• the replacement of Income Statement with Statement of Comprehensive Income. Items of income and expense
not recognised in profit or loss are now disclosed as components of ‘other comprehensive income’. In this regard,
such items are no longer reflected as equity movements in the Statement of Changes in Equity;
• the adoption of the separate income statement/single statement approach to the presentation of the Statement
of Comprehensive Income;
• other financial statements are renamed in accordance with the Standard; and
• presentation of a third Statement of Financial Position as at the beginning of a comparative financial year where relevant
amounts have been affected by a retrospective change in accounting policy or material reclassification of items.
a. Revenue
Revenue from the sale of goods is recognised upon the delivery of goods to customers.
Grant revenue is recognised in the Statement of Comprehensive Income when it is controlled. When there are
conditions attached to grant revenue relating to the use of those grants for specific purposes it is recognised in the
Statement of Financial Position as a liability until such conditions are met or services provided.
Capitation fees are recognised in the Statement of Comprehensive Income when invoiced. The consolidated
group charges affiliation fees to its affiliated members in June for the next twelve months based on the number of
members in the prior calendar year. Only fees applicable to the financial period July – December are recognised as
income, with January to June fees recognised as deferred revenue (note 1(m)).
Entry fees are recognised upon enrolment into the event and receipt of monies.
All revenue is stated net of the amount of goods and services tax (GST).
b. Inventories
Inventories are measured at cost, adjusted when applicable for any loss of service potential.
Inventories acquired at no cost, or for nominal consideration are valued at the current replacement cost as at the
date of acquisition.
c. Property, Plant and Equipment
Each class of property, plant and equipment is carried at cost or fair values as indicated, less, where applicable,
accumulated depreciation and impairment losses.
Property
Freehold land and buildings are shown at their fair value based on periodic, but at least triennial, valuations by
external independent valuers, less subsequent depreciation for buildings.
Increases in the carrying amount arising on revaluation of land and buildings are credited to a revaluation reserve
in equity. Decreases that offset previous increases of the same classes of assets are charged against fair value
reserves directly in equity; all other decreases are charged to the Statement of Comprehensive Income. Each year
the difference between
Page 38
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
depreciation based on the revalued carrying amount of the asset charged to the Statement of Comprehensive Income
and depreciation based on the asset’s original cost is transferred from the revaluation reserve to retained earnings.
Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the
asset and the net amount is restated to the revalued amount of the asset.
Plant and Equipment
Plant and equipment are measured on the cost basis less depreciation and impairment losses.
The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the
recoverable amount from these assets. The recoverable amount is assessed on the basis of the expected net cash
flows that will be received from the assets employment and subsequent disposal. The expected net cash flows
have been discounted to their present values in determining recoverable amounts.
Plant and equipment that have been contributed at no cost, or for nominal cost are valued at the fair value of the
asset at the date it is acquired.
Depreciation
The depreciable amount of all fixed assets including buildings and capitalised lease assets, but excluding freehold
land, is depreciated on a straight line and diminishing value basis over the asset’s useful life to the group
commencing from the time the asset is held ready for use. Leasehold improvements are depreciated over the
shorter of either the unexpired period of the lease or the estimated useful lives of the improvements.
The depreciation rates used for each class of depreciable assets are:
Class of Fixed Asset Depreciation Rate – Diminishing value
Buildings - parent
2%
Office furniture and equipment - parent
11.25% – 40%
Motor vehicles
30%
Depreciation Rate – Straight line
Building - subsidiary
3%
Office furniture and equipment - subsidiary 10-25%
The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each Statement of
Financial Position date.
Asset class carrying amounts are written down immediately to their 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 the carrying amount. These gains or
losses are included in the Statement of Comprehensive Income. When revalued assets are sold, amounts included
in the revaluation reserve relating to that asset are transferred to retained earnings.
e. Principles of Consolidation
A controlled entity is any entity over which Golf Queensland Ltd has the power to govern the financial and
operating policies so as to obtain benefits from its activities. In assessing the power to govern, the existence and
effect of holdings of actual and potential voting rights are considered.
A list of controlled entities is contained in Note 23 to the financial statements.
As at reporting date, the assets and liabilities of all controlled entities have been incorporated into the
consolidated financial statements as well as their results for the year then ended. Where controlled entities have
entered (left) the consolidated group during the year, their operating results have been included (excluded) from
the date control was obtained (ceased).
All inter-group balances and transactions between entities in the consolidated group, including any unrealised
profits or losses, have been eliminated on consolidation. Accounting policies of subsidiaries have been changed
where necessary to ensure consistency with those adopted by the parent entity.
f. Leases
Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are
charged as expenses in the period in which they are incurred.
g. Financial Instruments
Recognition and Initial Measurement
Financial instruments, incorporating financial assets and financial liabilities, are recognised when the group
becomes a party to the contractual provisions of the instrument. Trade date accounting is adopted for financial
assets that are delivered within timeframes established by marketplace convention.
Page 39
NOTE 1: STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
Financial instruments are initially measured at fair value plus transactions costs where the instrument is not
classified at fair value through profit or loss. Transaction costs related to instruments classified as at fair value
through profit or loss are expensed to profit or loss immediately. Financial instruments are classified and
measured as set out below.
Derecognition
Financial assets are derecognised where the contractual rights to receipt of cash flows expires or the asset is
transferred to another party whereby the group no longer has any significant continuing involvement in the
risks and benefits associated with the asset. Financial liabilities are derecognised where the related obligations
are either discharged, cancelled or expire. The difference between the carrying value of the financial liability
extinguished or transferred to another party and the fair value of consideration paid, including the transfer of
non-cash assets or liabilities assumed is recognised in profit or loss.
Classification and Subsequent Measurement
(i)
Financial assets at fair value through profit or loss
Financial assets are classified at fair value through profit or loss when they are held for trading for the
purpose of short term profit taking, where they are derivatives not held for hedging purposes, or designated
as such to avoid an accounting mismatch or to enable performance evaluation where a group of financial
assets is managed by key management personnel on a fair value basis in accordance with a documented risk
management or investment strategy. Realised and unrealised gains and losses arising from changes in fair
value are included in profit or loss in the period in which they arise.
(ii)
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 subsequently measured at amortised cost using the effective interest rate method.
(iii)
Held-to-maturity investments
Held-to-maturity einvestments are non-derivative financial assets that have fixed maturities and fixed or
determinable payments, and it is the group’s intention to hold these investments to maturity. They are
subsequently measured at amortised cost using the effective interest rate method.
(iv)
Available-for-sale financial assets
Available-for-sale financial assets are non-derivative financial assets that are either designated as such or that
are not classified in any of the other categories. They comprise investments in the equity of other entities
where there is neither a fixed maturity nor fixed or determinable payments.
(v)
Financial liabilities
Non-derivative financial liabilities (excluding financial guarantees) are subsequently measured at amortised
cost using the effective interest rate method.
Fair value
Fair value is determined based on current bid prices for all quoted investments. Valuation techniques are applied
to determine the fair value for all unlisted securities, including recent arm’s length transactions, reference to
similar instruments and option pricing models.
Impairment
At each reporting date, the group 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.
h. Impairment of Assets
At each reporting date, the group reviews the carrying values of its tangible and intangible assets to determine
whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable
amount of the asset, 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
Statement of Comprehensive Income.
Where the future economic benefits of the asset are not primarily dependent upon on the assets ability to
generate net cash inflows and when the group would, if deprived of the asset, replace its remaining future
economic benefits, value in use is depreciated replacement cost of an asset.
Where it is not possible to estimate the recoverable amount of an assets class, the group estimates the
recoverable amount of the cash-generating unit to which the class of assets belong.
i. Employee Benefits
Provision is made for the group’s liability for employee benefits arising from services rendered by employees to
Page 40
Statement of Financial Position 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. Other employee benefits payable later than one
year have been measured at the net present value.
Contributions are made by the group to an employee superannuation fund and are charged as expenses when incurred.
j. Cash and Cash Equivalents
Cash and cash equivalents include cash on hand, deposits held at-call with banks, other short-term highly liquid
investments with original maturities of three months or less, and bank overdrafts.
k. Goods and Services Tax (GST)
Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST
incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised
as part of the cost of acquisition of the asset or as part of an item of expense. Receivables and payables in the
Statement of Financial Position are shown inclusive of GST.
Cash flows are presented in the Statement of Cashflows on a gross basis, except for the GST component of
investing and financing activities, which are disclosed as operating cash flows.
l. Unexpended Grants
The group receives grant monies to fund projects either for contracted periods of time or for specific projects
irrespective of the period of time required to complete those projects. It is the policy of the group to treat grants
monies as unexpended grants in the Statement of Financial Position where the group is contractually obliged
to provide the services in a subsequent financial period to when the grant is received or in the case of specific
project grants where the project has not been completed.
m. Deferred Revenue
The group bills affiliation fees to its affiliated members in June based on the number of members in the prior
calendar year for the next twelve months. It is the policy of the group to treat affiliation fees received in advance
as deferred revenue in the Statement of Financial Position where the group is contractually obliged to provide the
services in a subsequent financial period.
n. Contributions
Golf Queensland receives non-reciprocal contributions from the government and other parties for no or a
nominal value. These contributions are recognised at the fair value on the date of acquisition upon which time an
asset is taken up in the Statement of Financial Position and revenue in the Statement of Comprehensive Income.
o. Income Tax
No provision for income tax has been raised as the group is exempt from income tax under Division 50 of the
Income Tax Assessment Act 1997.
p. Intangibles
Software and website
Software and websites are recorded at cost. Software and website has a finite life and is carried at cost less any
accumulated amortisation and impairment losses. It has an estimated useful life of between one and two years. It
is assessed annually for impairment. The amortisation rate used for intangible software is 40%.
q. Provisions
Provisions are recognised when the group has a legal or constructive obligation, as a result of past events, for
which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured.
s. Critical Accounting Estimates and Judgments
The directors evaluate estimates and judgments incorporated into the financial report based on historical
knowledge and best available current information. Estimates assume a reasonable expectation of future events
and are based on current trends and economic data, obtained both externally and within the group.
Key estimates — Impairment
The group assesses impairment at each reporting date by evaluating conditions specific to the group that
may lead to impairment of assets. Where an impairment trigger exists, the recoverable amount of the asset
is determined. Fair value less costs to sell or current replacement cost calculations performed in assessing
recoverable amounts incorporate a number of key estimates.
t. Accounting Standards Issued But Not Yet Effective
At the date of authorisation of the financial report, certain Standards and Interpretations have been issued, but
are not mandatory for the year ended 31 December 2010. These standards and interpretations have not been
adopted in preparing the financial report for the year ended 31 December 2010 and are not expected to impact
materially on the group in the period of initial application.
The directors anticipate that the adoption of these Standards and Interpretations in future years will have no
material impact on the recognition, measurement or disclosure of Golf Queensland Limited’s financial report.
Page 41
Notes to the Financial Statements
Group
20102009
$$
NOTE 2: REVENUE
Operating Activities
Capitation fees Grants
Entry fees
Interest
Sponsorship
Other
Total Revenue
1,788,925
518,000
261,919
37,457
9,773
25,456
2,641,530
1,709,417
504,888
286,683
35,386
17,866
46,374
2,600,614
a. Expenses
Depreciation and amortisation
—Buildings
—Motor vehicles
—Furniture and equipment
—Software and website
Total depreciation and amortisation
41,328
25,057
31,666
15,289
113,340
41,506
21,209
42,299
8,853
113,867
Team and development expenses
—Game and club development
—High performance program
—G&CD - SRQ communication
—Tournament expenses
143,541
296,556
53,234
335,889
222,290
354,979
71,028
311,029
Total team and development expenses
829,220
959,326
Doubtful debts expense
Total employee benefits expense
Auditor remuneration
—for audit of financial report
—for other services
(8,438)
540,814
7,166
531,556
15,750
-
15,000
-
NOTE 3: EXPENSES
Page 42
Group
20102009
$$
NOTE 4: CASH AND CASH EQUIVALENTS
CURRENT
Cash at bank
1,562,787
1,227,323
Cash on hand
200
200
1,562,987
1,227,523
NOTE 5: TRADE AND OTHER RECEIVABLES
CURRENT
Trade receivables (5ii)
39,934
418,026
Provision for impairment of receivables 5(i)
-
(8,438)
39,934
409,588
Prepayments
282,494
244,359
GST receivables
-
-
Sundry debtors
16,853
1,000
339,281
654,947
(i) Provision for Impairment of Receivables
Current trade receivables are generally on 30 day terms. These receivables are assessed for recoverability and
a provision for impairment is recognised when there is objective evidence that an individual trade receivable is
impaired. These amounts have been included in other expense items.
(ii) Included in trade receivables for 2009 is a receivable of $357,311 relating to the Affiliation fee payment by
Brisbane District Golf Association Incorporated which was past due as at 31 December 2009. The Constitutions
of both the BDGA and Golf Queensland required the payment to be made to maintain the affiliation. Recently a
Memorandum of Understanding was signed between BDGA and Golf Queensland regarding payment of this year’s
affiliation fee which was paid prior to year end.
NOTE 6: FINANCIAL ASSETS
NON CURRENT
Investment in Club Plus Pty Ltd
1
1
11
Page 43
NotesGroup
20102009
$$
NOTE 7: PROPERTY, PLANT AND EQUIPMENT
LAND AND BUILDINGS
GQ Training Centre
Land at valuation
i)
Buildings at valuation ii)
Less accumulated depreciation
Land and buildings at GQ training centre
700,000
650,000
(35,848)
1,314,152
700,000
650,000
(16,348)
1,333,652
Units 2 & 3 at Walden Place
Uints 2 & 3 at valuation
ii)
Total land and buildings
1,110,000
(40,439)
1,069,561
2,383,713
1,110,000
(18,612)
1,091,388
2,425,040
OFFICE EQUIPMENT & FURNITURE
Office equipment and furniture - at cost Less accumulated depreciation
345,828
(186,624)
159,204
345,525
(158,013)
187,512
Trophies owned
Total office equipment and furniture
18,257
177,461
18,257
205,769
MOTOR VEHICLES
Motor Vehicles - at cost
Total motor vehicles
107,398
(29,486)
77,912
99,341
(32,614)
66,727
Total property, plant and equipment
2,639,086
2,697,536
i) Historical cost of land at GQ training centre is $119,114
ii) Historical cost of building at GQ training centre is $692,978 and Units 2 & 3 at Walden Place is $720,864.
The parent’s office building was revalued on 10 February 2009 at $1,110,000 by independent valuers. The
subsidiary’s land and buildings were revalued on 12 February 2009 at $1,350,000 by independent valuers. Valuations
were made on the basis of open market value. The revaluation surplus was credited to an asset revaluation reserve
in shareholders’ equity.
2010
Movements in Carrying Amounts
Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the
end of the current financial year:
Land and Buildings Motor Vehicles Office Equipment and Furniture Total
$$
$ $
Balance at the beginning of the period 2,425,040
66,727
205,769
2,697,536
Additions at cost -56,504
4,908
61,412
Disposals
-
(20,262)
(1,550)
(21,812)
Depreciation expense
Carrying amount at end of period
Page 44
(41,328)
(25,057)
(31,666)
(98,051)
2,383,712
77,912
177,461
2,639,085
NOTE 7: PROPERTY, PLANT AND EQUIPMENT (CONTINUED)
2009
Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the
end of the current financial year:
Land and Buildings Motor Vehicles Office Equipment and Furniture Total
$$
$ $
Balance at the beginning of the period 1,673,049
54,767
181,426
1,909,242
Revaluations on office buildings and land 793,498
-
-
793,498
Additions at cost
-
50,895
66,642
117,537
Disposals
-
(17,727)
-(17,727)
Depreciation expense
(41,507)
(21,208)
(42,299)
(105,014)
Carrying amount at end of period
2,425,040
66,727
205,769
2,697,536
On 23 December 2010, the consolidated group granted a call option to Springfield Land Corporation (“SLC”) over the
Brookwater State Training Facility (land and building). A nominal payment to the consolidated group of $1 served as
the option fee. As part of the arrangement, SLC also has the first and last right of refusal to purchase the land and
buildings within the terms of the option.
This arrangement has been carefully considered by the Board and the Board is of the view that it was made on sound
commercial terms as, should the option be exercised, it provides some assurances to the consolidated group of a
minimum price of $1.45m (indexed to CPI) which is higher than a recent valuation of the land. There is also an option
under the arrangement for SLC to construct a like for like facility (including land) in lieu of the purchase price. Should
the option be exercised the arrangement also provides sufficient time for alternative arrangements to be made.
The option can be exercised with effect from 23 December 2012 and expires 23 December 2015.
Page 45
Group
20102009
$$
NOTE 8: INTANGIBLE ASSETS
Software and website
Cost
Accumulated amortisation
Net carrying value
57,037
(34,101)
22,936
57,037
(18,812)
38,255
2010
Total
Balance at the beginning of the period
38,225
38,225
Additions
-
Amortisation charge
(15,289)
(15,289)
22,936
22,936
2009
Total
Balance at the beginning of the period
15,071
15,071
Additions
32,007
32,007
Amortisation charge
(8,853)
(8,853)
38,225
38,225
Group
20102009
$$
NOTE 9: OTHER RECEIVABLES
Loan - Joint Venture Golf Holdings Pty Ltd
-
-
NOTE 10: TRADE AND OTHER PAYABLES
CURRENT
Trade payables
62
656
Deferred income - grants
308,679
342,323
Deferred income – capitation fees
890,972
885,432
Other current payables
150,179
172,991
Employee benefits
52,886
62,562
1,402,778
1,463,964
Group
20102009
$$
NOTE 11: PROVISIONS
NON-CURRENT
Long service leave
7,702
11,926
7,702
11,926
NOTE 12: RESERVES
Asset Revaluation Reserve
This reserve records the revaluation of land and buildings.
Page 46
NOTE 13: CAPITAL AND LEASING COMMITMENTS
a. Operating Lease Commitments
Non-cancellable operating leases contracted for but
not capitalised in the financial statements
Payable — minimum lease payments
—not later than 12 months
14,345
—later than 12 months but not later than 5 years
37,619
51,964
Operating leases are for office equipment which includes the photocopier and telephone system.
11,160
16,770
27,930
NOTE 14: CONTINGENT ASSETS AND LIABILITIES
There are no contingent assets or liabilities.
NOTE 15: EVENTS AFTER THE BALANCE DATE
As at the date of this report there are no matters or circumstances that have significantly affected, or may affect the
company’s operations in future financial years, the Company’s results in the future period, or the Company’s state of
affairs during future financial years.
NOTE 16: KEY MANAGEMENT PERSONNEL COMPENSATION
Post- employment
Short Term
Benefits
Benefits
Total
$$ $
2010
Total compensation 2009
Total compensation 104,527
9,352
113,879
95,067
8,556
103,623
NOTE 17: RELATED PARTY TRANSACTIONS
Transactions between related parties are on normal commercial terms and conditions are no more favourable than
those available to other persons unless otherwise stated.
Group
20102009
$$
NOTE 18: CASH FLOW INFORMATION
a.
Reconciliation of Cash
Cash at bank
Other cash
b.
Reconciliation of Cashflow from
Operations with Profit after Income Tax
(Profit)/Loss after income tax
Non cash flows
Depreciation and
amortisation
1,562,787
1,227,323
200
200
1,562,987
1,227,523
13,572
(46,395)
113,340
113,867
Page 47
Group
2010
2009
Doubtful debts
expense
(8,438)
Loss/(Gain) on disposal
of fixed assets
(1,101)
Changes in assets
and liabilities
(Increase)/decrease in trade
and other receivables
324,240
(Increase)/decrease in inventory (2,103)
Increase/(decrease) in trade
and other payables
(23,544)
Increase/(decrease) in
deferred revenue
(28,103)
long service leave
(4,224)
annual leave
(9,677)
Cash flows provided by
operating activities
373,962
7,166
4,089
(360,7670
1,273
75,736
90,220
11,296
(102,885)
NOTE 19: FINANCIAL RISK MANAGEMENT
The company’s financial instruments consist mainly of deposits with banks, accounts receivable and payable and
leases.
The totals for each category of financial instruments, measured in accordance with the accounting policies as
recorded in the notes to these financial statements, are as follows:
Note2010 2009
$$
Financial Assets
4
1,562,987
1,227,523
Trade and Other Receivables
5
339,281
654,947
Total Financial Assets
1,902,268
1,882,470
Financial Liabilities
Financial liabilities at amortised cost
–Trade and other payables
10
Total Financial Liabilities
1,402,778
1,463,964
1,402,778
1,463,964
Page 48
Financial Risk Management Policies
The group’s financial instruments consist mainly of deposits with banks, accounts receivable and payable.
The group does not have any derivative instruments at 31 December 2010.
i. Treasury Risk Management
The Directors have overall responsibility for the determination of the Company’s risk management objectives. The
Company’s risk management policies and objectives are designed to minimise the potential impacts of financial
instruments risks on the results of the Company where such impacts may be material.
ii. Financial Risk Exposures and Management
The main risks the group is exposed to through its financial instruments are interest rate risk, liquidity risk and credit
risk.
Interest rate risk
The company’s exposure to interest rate risk, which is the risk that a financial instrument’s value will fluctuate as a
result of changes in market interest rates and the effective weighted average interest rates on those financial assets
and financial liabilities.
Liquidity risk
The company manages liquidity risk by regularly monitoring the management accounts.
Credit risk
The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to
recognised financial assets is the carrying amount, net of any provisions for doubtful debts, as disclosed in the
Statement of Financial Position and notes to the financial statements.
Specific Financial Risk Exposures and Management
The main risks the company is exposed to through its financial instruments are credit risk, liquidity risk and market
risk relating to interest rate risk.
a. Credit risk
Exposure to credit risk relating to financial assets arises from the potential non-performance by counterparties of
contract obligations that could lead to a financial loss for the company.
The company does not have any material credit risk exposure as its major source of revenue is the receipt of
affiliation fees.
Credit Risk Exposures
The maximum exposure to credit risk by class of recognised financial assets at the end of the reporting period is
equivalent to the carrying value and classification of those financial assets (net of any provisions) as presented in
the statement of financial position.
Trade and other receivables that are neither past due or impaired are considered to be of high credit quality.
The company has no significant concentration of credit risk exposure to any single counterparty or group of
counterparties. Details with respect to credit risk of Trade and Other Receivables are provided in Note 5.
Credit risk related to balances with banks and other financial institutions is managed by the finance committee in
accordance with approved Board policy. The following table provides information regarding the credit risk relating
to cash and money market securities based on Standard & Poor’s counterparty credit ratings.
Note2010 2009
$ $
1,562,987
1,227,523
–AA rated
4
1,562,987
1,227,523
b. Liquidity risk
Liquidity risk arises from the possibility that the company might encounter difficulty in settling its debts or
otherwise meeting its obligations in relation to financial liabilities. The company manages this risk through the
following mechanisms:
• preparing forward looking cash flow analysis in relation to its operational, investing and financing activities;
• maintaining a reputable credit profile;
• managing credit risk related to financial assets;
• only investing surplus cash with major financial institutions; and
• comparing the maturity profile of financial liabilities with the realisation profile of financial assets.
Page 49
NOTE 19: FINANCIAL RISK MANAGEMENT (CONTINUED)
b. Liquidity risk (Continued)
The tables below reflect an undiscounted contractual maturity analysis for financial liabilities.
Cash flows realised from financial assets reflect management’s expectation as to the timing of realisation. Actual
timing may therefore differ from that disclosed. The timing of cash flows presented in the table to settle financial
liabilities reflects the earliest contractual settlement dates.
Financial liability and financial asset maturity analysis
Within 1 Year
Total
2010 2009 20102009
$ $ $$
Financial liabilities due for payment
Trade and other payables (excluding
estimated annual leave and deferred income) 150,241
173,647
150,241
173,647
Finance lease liabilities -
-
-
Total expected outflows
150,241
173,647
150,241
173,647
Financial Assets — cash flows realisable
1,562,987
1,227,523
1,562,987
1,227,523
Trade and other receivables
339,281
654,947
339,281
654,947
Other investments
Total anticipated inflows 1,902,268
1,882,470
1,902,268
1,882,470
Net (outflow)/inflow on financial instruments 1,752,027
1,708,823
1,752,027
1,708,823
c.
Market Risk
i.Interest rate risk
Exposure to interest rate risk arises on financial assets and financial liabilities recognised at the
end of the reporting period whereby a future change in interest rates will affect future cash flows
or the fair value of fixed rate financial instruments. The company is also exposed to earnings
volatility on floating rate instruments.
The financial assets of the company consisted of cash and cash equivalents and trade and other
receivables.
ii.Sensitivity Analysis
The following table illustrates sensitivities to the company’s exposures to changes in interest
rates. The table indicates the impact on how profit and equity values reported at the end of
the reporting period would have been affected by changes in the relevant risk variable that
management considers to be reasonably possible. These sensitivities assume that the movement
in a particular variable is independent of other variables.
Profit
Equity
$$
Year ended 31 December 2010
+/- 2% in interest rates
+/- 27,905
+/- 27,905
Year Ended 31 December 2009
+/- 2% in interest rates
+/- 26,938
+/- 26,938
d. Net Fair Values
i. Fair value estimation
The net fair values of all financial assets and liabilities approximate their carrying value. No financial assets and
financial liabilities are readily traded on organised markets in standardised form.
The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the
Statement of Financial Position and in the notes to the financial statements.
ii. Financial instruments measured at fair value
There are no financial instruments recognised at fair value in the statement of financial position.
Page 50
NOTE 20: INFORMATION RELATING TO GOLF QUEENSLAND LIMITED (“the parent ENTITY”)
Current assets
Total assets
Current liabilities
Total liabilities
Retained earnings
Reserves
Profit or loss of the parent entity
Other comprehensive income – revaluation of L&B
Total comprehensive income of the parent entity
20102009
$$
1,912,628
1,899,367
3,914,877
3,979,779
1,388,160
1,449,344
1,395,862
1,461,270
1,614,723
1,614,217
904,292
904,292
35,940
-
35,940
(22,014)
127,494
105,480
NOTE 21: ENTITY DETAILS
The registered office of the entity is:
Unit 2, 14 Wren street
BOWEN HILLS, QLD 4006
The principal place of business is:
Unit 2, 14 Wren street
BOWEN HILLS, QLD 4006
NOTE 22: MEMBERS’ GUARANTEE
The parent is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the entity
is wound up, the constitution states that each member is required to contribute a maximum of $2 each towards
meeting any outstandings and obligations of the entity. At 31 December 2010 the number of members was 19.
NOTE 23: CONTROLLED ENTITIES
Country of Incorporation
Parent Entity
20102009
%%
Controlled Entities Consolidated
Subsidiaries of Golf Queensland Limited:
Joint Venture Golf Holdings Pty Ltd
Australia
100
100
Page 51
Page 52
INDEPENDENT AUDITOR’S REPORT
To the members of Golf Queensland Limited
Level 18, 300 Queen St
Brisbane QLD 4000,
GPO Box 457 Brisbane Qld 4001
Australia
Tel: +61 7 3237 5999
Fax: +61 7 3221 9227
www.bdo.com.au
We have audited the accompanying financial report of Golf Queensland Limited, which comprises the statements
of financial position as at 31 December 2011, the statements of comprehensive income, the statements of changes
in equity and the statements of cash flows for the year then ended, notes comprising a summary of significant
accounting policies and other explanatory information, and the directors’ declaration of the company and the
consolidated entity comprising the company and the entities it controlled at the year’s end or from time to time
during the financial year.
Directors’ Responsibility for the Financial Report
The directors of the company are responsible for the preparation of the financial report that gives a true and fair
view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal
control as the directors determine is necessary to enable the preparation of the financial report that is free from
material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit
in accordance with Australian Auditing Standards. Those standards require that we comply with relevant ethical
requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance about
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 of the financial report that gives a true
and fair view 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 directors,
as well as evaluating the overall presentation of the financial report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion.
Independence
In conducting our audit, 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 Golf Queensland Limited, would be in the same terms if given to the directors as at the time of this
auditor’s report.
Opinion
In our opinion the financial report of Golf Queensland Limited is in accordance with the Corporations Act 2001,
including:
(a)
giving a true and fair view of the company’s and consolidated entity’s financial position as at 31 December
2011 and of their performance for the year ended on that date; and
(b)
complying with Australian Accounting Standards and the Corporations Regulations 2001.
BDO Audit (QLD) Pty Ltd
M B Taylor
Director
Dated at Brisbane this 4th day of April, 2011.
BDO Audit (QLD) Pty Ltd ABN 33 134 022 870 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 Audit (QLD) Pty Ltd 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.
Page 53
Affiliated Club Membership
Total Membership of District Golf Associations
Brisbane District Golf Association
Brisbane & District Ladies Golf Association
Central Highlands Golf Association
Central Queensland Golf Association
Central Western Queensland Golf Association
Women’s Golf Central Queensland
Darling Downs Golf Association
Downs & South Western District Ladies Golf Association
Far North Queensland District Golf Association
Far North Queensland Ladies District Golf Association
Gold Coast District Golf Association
Women’s Golf Gold Coast
Moreton District Golf Association
North Queensland Golf Association
Women’s Golf North Queensland
North West Queensland Golf Association
South East Queensland District Golf Association
South West Queensland Golf Association
Sunshine Coast & South Burnett District Golf Association
Wide Bay Burnett District Women’s Golf Association
Wide Bay District Golf Association
13040
4593
686
2856
158
698
3137
904
2695
714
10800
3096
1900
3262
920
158
4368
714
11447
3600
2943
TOTAL
72689
*All membership numbers as reported for 2009 calendar year
Page 54
District Golf Associations
Brisbane District Golf Association
Ashgrove Golf Club
Brisbane Golf Club
Gailes Golf Club
Jindalee Golf Club
McLeod Country Golf Club
Nudgee College Golf Club
Nudgee Golf Club
Oxley Golf Club
Pacific Golf Club
Redcliffe Golf Club
Royal Queensland Golf Club
Sandgate Golf Club
Virginia Golf Club
Wolston Park Golf Club
Wynnum Golf Club
546
1201
414
1314
328
951
415
225
926
739
1101
746
1498
198
790
497
1151
Total13040
19
248
39
161
230
38
195
186
58
42
436
63
33
17
10
208
145
61
57
186
Total4593
Brisbane & District Ladies Golf Association
Ashgrove Golf Club
Bay Islands Golf Club
Boonah Golf Club
Brisbane Golf Club
Brookwater Golf Club
Carbrook Golf Club
Esk Golf Club
Gailes Golf Club
Hattonvale Golf Club
Hills International Golf Club
Ipswich Golf Club
Jindalee Golf Club
Karana Downs Golf Club
Laidley Golf Club
Logan Country Golf Club
Lowood Golf Club
McLeod Country Golf Club
Mt Warren Park Golf Club
North Stradbroke Island Golf Club
Nudgee Golf Club
Nudgee College Golf Club
Oxley Golf Club
Pacific Golf Club
Pine Rivers Golf Club
Redcliffe Golf Club
Redland Bay Golf Club
Riverlakes Golf Club
Rosewood Golf Club
Royal Queensland Golf Club
Sandgate Golf Club
Sandy Gallop Golf Club
Toogoolawah Golf Club
Village Links Golf Club
Virginia Golf Club
Wantima Golf Club
Windaroo Golf Club
Wolston Park Golf Club
Wynnum Golf Club
112
24
38
393
29
79
10
112
1
19
392
70
70
0
151
38
133
27
346
97
20
Central Highlands Golf Association
Blackwater Golf Club
Capella Golf Club
Clermont Golf Club
Dysart Golf Club
Emerald Golf Club
Middlemount Golf Club
Moranbah Golf Club
Springsure Golf Club
Tieri Golf Club
39
12
53
68
195
82
184
33
20
TOTAL
686
Central Queensland Golf Association
Baralaba Golf Club
Biloela Golf Club
Boyne Island Tannum Sands Golf Club
Calliope Golf Club
Capricorn Country Golf Club
Capricorn Golf Club Duaringa Golf Club
12
171
218
279
206
104
20
Page 55
Emu Park Golf Club
Gladstone Golf Club
Gracemere Lakes Golf Club
Miriam Vale Golf Club
Moura Golf Club
Mt Morgan Golf Club
Rockhampton Golf Club
Theodore Golf Club
Town of 1770 Golf Club
Wowan Golf Club
Yeppoon Golf Club
Zilzie Golf Club
145
285
120
36
46
15
569
22
89
16
403
100
TOTAL
2856
Women’s Golf Central Queensland
Alpha Golf Club
Baralaba Golf Club
Barcaldine Golf Club
Biloela Golf Club
Blackall Golf Club
Blackwater Golf Club
Boyne Island Tannum Sands Golf Club
Calliope Golf Club
Capella Golf Club
Capricorn Country Golf Club
Capricorn International Golf Club
Clermont Golf Club
Emerald Golf Club
Emu Park Golf Club
Gladstone Golf Club
Gracemere Lake Golf Club
Ilfracombe Golf Club
Isisford Golf Club
Longreach Golf Club
Miriam Vale Golf Club
Moura Golf Club
Mt Morgan Golf Club
Rockhampton Golf Club
Springsure Golf Club
Tambo Golf Club
Theodore Golf Club
Town of 1770 Golf Club
Page 56
9
4
2
35
9
10
69
59
2
30
11
24
25
28
55
12
4
4
3
24
9
2
85
10
0
3
23
Wowan Golf Club
Yeppoon Golf Club
5
142
Total698
Central Western Queensland Golf Association
Alpha Golf Club
Barcaldine Golf Club
Blackall Golf Club
Ilfracombe Golf Club
Isisford Golf Club
Longreach Golf Club
Muttaburra Golf Club
Tambo Golf Club
14
26
24
18
9
25
16
26
TOTAL
158
Darling Downs Golf Association
Allora Golf Club
Bell Golf Club
Borneo Barracks Golf Club
Cecil Plains Golf Club
City (Toowoomba) Golf Club
Clifton Golf Club
Crows Nest Golf Club
Dalby Golf Club
Gatton Jubilee Golf Club
Goombungee Golf Club
Inglewood Golf Club
Jandowae Golf Club
Millmerran Golf Club
Oakey Golf Club
Pittsworth Golf Club
Stanthorpe Golf Club
Texas Golf Club
Toowoomba Golf Club
Wallangarra Golf Club
Warwick Golf Club
20
56
117
29
813
72
56
261
191
65
29
29
101
32
139
64
8
827
22
206
TOTAL
3137
Downs & South Western District Ladies Golf Association
Far North Queensland Golf Association
Augathella Golf Club
Bell Golf Club
Borneo Barracks Golf Club
Cecil Plains Golf Club
Charleville Golf Club
Chinchilla Golf Club
City (Toowoomba) Golf Club
Clifton Golf Club
Condamine Golf Club
Crows Nest Golf Club
Cunnamulla Golf Club
Dalby Golf Club
Dirranbandi Golf Club
Dunkeld Golf Club
Gatton Jubilee Golf Club
Goombungee Golf Club
Goondiwindi Golf Club
Inglestone Golf Club
Inglewood Golf Club
Injune Golf Club
Jandowae Golf Club
Miles Golf Club
Millmerran Golf Club
Mitchell Golf Club
Morven Golf Club
Oakey Golf Club
Pittsworth Golf Club
Quilpie Golf Club
Roma Golf Club
St George Golf Club
Stanthorpe Golf Club
Surat Golf Club
Tara Golf Club
Taroom Golf Club
Texas Golf Club
Toowoomba Golf Club
Wallangarra Golf Club
Wandoan Golf Club
Warwick Golf Club
Yowah Golf Club
Yuleba Golf Club
Atherton Golf Club
Babinda Golf Club
Cairns Golf Club
Cardwell Golf Club
Carpentaria Golf Club
Cooktown Golf Club
El Arish Golf Club
Georgetown Golf Club
Gordonvale Golf Club
Half Moon Bay Golf Club
Innisfail Golf Club
Sea Temple Golf Club
Mareeba Golf Club
Millaa Millaa Golf Club
Mossman Golf Club
Mt Garnett Golf Club
Paradise Palms Golf Club
Ravenshoe Golf Club
Tully Golf Club
146
20
700
59
41
65
33
8
270
400
89
100
84
55
175
7
339
40
64
TOTAL
2695
7
9
28
11
11
22
128
18
4
12
10
38
5
1
42
18
63
7
9
4
17
10
16
5
1
15
46
5
26
38
21
0
3
11
4
158
3
4
67
2
5
Total904
Far North Queensland Ladies District Golf Association
Atherton Golf Club
Babinda Golf Club
Cairns Golf Club
Cardwell Golf Club
Carpentaria Golf Club
Cooktown Golf Club
El Arish Golf Club
Georgetown Golf Club
Gordonvale Golf Club
Half Moon Bay Golf Club
Innisfail Golf Club
Mareeba Golf Club
Millaa Millaa Golf Club
Mossman Golf Club
Mt Garnet Golf Club
Paradise Palms Golf Club
Ravenshoe-Millstream Golf Club
The Links Golf Club
Tully Golf Club
48
5
170
18
11
12
15
2
82
131
29
23
15
57
4
46
14
17
15
Totals714
Page 57
Gold Coast District Golf Association
Arundel Hills Golf Club
Boomerang Farm Golf Club
Canungra Army Golf Club
Emerald Lakes Golf Club
Coolangatta Tweed Heads Golf Club
Gold Coast Burleigh Golf Club
Gold Coast Country Club
The Glades Golf Club
The Grand Golf Club
Helensvale Golf Club
Hope Island Golf Club
Lakelands Golf Club
Palm Meadows Golf Club
The Colonial Golf Club
Parkwood International Golf Club
Robina Woods Golf Club
Royal Pines Resort Golf Club Sanctuary Cove - Palms
Sanctuary Cove - Pines
Southport Golf Club
Surfers Paradise Golf Club
Tallebudgera Park Golf Club
Tally Valley Golf Club
Tamborine Mountain Golf Club
500
110
121
694
1578
952
627
100
335
445
204
335
100
725
547
446
148
0
536
991
620
343
206
137
TOTAL
10800
Women’s Golf Gold Coast
Arundel Hills Golf Club
Beaudesert Golf Club
Boomerang Farm Golf Club
Canungra Army Golf Club
Coolangatta Tweed Heads Golf Club
Emerald Lakes Golf Club
Gainsborough Greens Golf Club
Glades Golf Club
Gold Coast Burleigh Golf Club
Gold Coast Country Golf Club
Helensvale Golf Club
Hope Island Golf Club
Lakelands Golf Club
Palm Meadows Golf Club Page 58
147
53
54
23
393
163
41
15
228
62
122
82
110
5
Paradise Springs Golf Club
Parkwood International Golf Club
Robina Woods Golf Club
Royal Pines Resort Golf Club
Sanctuary Cove (Palms)
Sanctuary Cove (Pines)
Southport Golf Club
Surfers Paradise Golf Club
Tallebudgera Golf Club
Tally Valley Golf Club
Tamborine Mountain Golf Club
The Grand Golf Club
85
132
71
59
0
265
431
332
105
31
27
60
Total3096
Moreton District Golf Association
Boonah Golf Club
Brookwater Golf Club
Esk Golf Club
Hattonvale Golf Club
Ipswich Golf Club
Karana Downs Golf Club
Laidley Golf Club
Lowood Golf Club
Rosewood Golf Club
Sandy Gallop Golf Club
Toogoolawah Golf Club
158
207
56
56
326
56
156
95
172
561
57
TOTAL
1900
North Queensland Golf Association
Ayr Golf Club
Black Springs Golf Club
Bowen Golf Club
Charters Towers Golf Club
Collinsville Golf Club
Glenden Golf Club
Greenvale Golf Club
Home Hill Golf Club
Ingham Golf Club
Lavarack Golf Club
Mackay Golf Club
Magnetic Island Golf Club
Mystic Sands Golf Club
111
119
206
38
27
59
6
34
60
160
465
35
63
Pioneer Valley Golf Club
Proserpine Golf Club
Rowes Bay Golf Club
Sarina Golf Club
The Willows Golf Club
Townsville Golf Club
Turtle Point (Laguna Quays)
150
203
490
101
435
500
0
Kurumba Golf Club
Mt Isa Golf Club
Richmond Golf Club
Winton Golf Club
Torrens Creek Golf Club
4
75
14
11
2
TOTAL
158
TOTAL
3262
South East Queensland District Golf Association
Women’s Golf North Queensland
Ayr Golf Club
Black Springs Golf Club
Boulia Golf Club
Bowen Golf Club
Charters Towers Golf Club
Collinsville Golf Club
Dysart Golf Club
Glenden Golf Club
Greenvale Golf Club
Home Hill Golf Club
Hughenden Golf Club
Ingham Golf Club
Lavarack Golf Club
Mackay Golf Club
Magnetic Island Golf Club
Moranbah Golf Club
Mt Isa Golf Club
Mystic Sands Golf Club
Pioneer Valley Golf Club
Proserpine Golf Club
Richmond Golf Club
Rowes Bay Golf Club
Sarina Golf Club
The Willows Golf Club
Torrens Creek Golf Club
Townsville Golf Club
Winton Golf Club
43
8
10
71
18
13
12
8
5
14
7
20
59
136
14
22
20
24
33
53
10
114
29
51
1
124
1
Total920
North West Queensland Golf Association
Boulia Golf Club
Hughenden Golf Club
17
35
Bay Islands Golf Club
Beaudesert Golf Club
California Creek Golf Club
Carbrook Golf Club
Chambers Pines Golf Club
Gainsborough Greens Golf Club
Hills International Golf Club
Logan Country Golf Club
Village Links Golf Club
Mt Warren Park Golf Club
North Stradbroke Island Golf Club
Redland Bay Golf Club Riverlakes Golf Club
Windaroo Golf Club
125
204
4
557
50
276
219
932
81
463
55
730
155
517
TOTAL
4368
South West Queensland Golf Association
Augathella Golf Club
Charleville Golf Club
Chinchilla Golf Club
Condamine Golf Club
Cunnamulla Golf Club
Dirranbandi Golf Club
Dunkeld Golf Club
Goondiwindi Golf Club
Inglestone Golf Club
Injune Golf Club
Miles Golf Club
Mitchell Golf Club
Morven Golf Club
Quilpie Golf Club
Roma Golf Club
St George Golf Club
Surat Golf Club
11
73
66
9
27
15
8
188
15
18
20
36
6
9
96
66
7
Tara Golf Club
3
Page 59
Taroom Golf Club
20
Wide Bay District Golf Association
Toompine Golf Club
3
Wandoan Golf Club
7
Yowah Golf Club
4
Yuleba Golf Club
7
TOTAL
714
Bargara Golf Club
Biggenden Golf Club
Boonooroo Golf Club
Bundaberg Golf Club
Burrum District Golf Club
Craignish Golf Club
Coral Cove Golf Club
Eatonvale Golf Club
Eidsvold Golf Club
Fraser Lakes Golf Club
Gayndah Golf Club
Gin Gin Golf Club
Hervey Bay Golf Club
Innes Park Golf Club
Isis Golf Club
Maryborough Golf Club
Monto Golf Club
Mt. Perry Golf Club
Mundubbera Golf Club
Oakwood Park Golf Club
515
38
10
336
150
63
126
37
11
26
70
52
733
56
67
387
55
14
44
153
TOTAL
2943
Sunshine Coast & South Burnett District Golf Association
Beerwah Golf Club
765
Blackbutt Golf Club
110
539
Caboolture Golf Club
649
Caloundra Golf Club
694
Cooroy Golf Club
383
Goomeri Golf Club
29
Gympie Pines Golf Club
241
Headland Golf Club
857
1054
Hyatt Regency Coolum Golf Club
100
Kabi Golf Club
100
Kilcoy Golf Club
146
Kilkivan Golf Club
23
Kingaroy Golf Club
165
Kumbia Golf Club
37
Wide Bay Burnett District Women’s Golf Association
Mt Coolum Golf Club
552
Murgon Golf Club
70
Nambour Golf Club
714
Nanango Golf Club
82
Noosa Springs Golf Club
120
Noosa Valley Golf Club
15
283
Twin Waters Golf Club
139
Pacific Harbour Golf & Country Club
182
249
Peregian Springs Golf Club
423
Pine Rivers Golf Club
474
Proston Golf Club
18
Tewantin Noosa Golf Club
806
Tin Can Bay Golf Club
237
Wantima Golf Club
556
Wondai Golf Club
49
Woodford Golf Club
586
TOTAL
11447
Bargara Golf Club
Beerwah Golf Club
Biggenden Golf Club
Blackbutt Golf Club
Boonooroo Golf Club
Bundaberg Golf Club
Burrum District Golf Club
Caboolture Golf Club
Caloundra Golf Club
Cooroy Golf Club
Coral Cove Golf Club
Craignish Golf Club
Eatonvale Golf Club
Eidsvold Golf Club
Fraser Lakes Golf Club
Gayndah Golf Club
Gin Gin Golf Club
Goomeri Golf Club
Page 60
163
232
11
27
6
190
102
37
128
189
90
35
29
18
1
4
20
8
8
Gympie Pines Golf Club
Headland Golf Club
Hervey Bay Golf Club
Hyatt Regency Coolum Golf Club
Innes Park Golf Club
Isis Golf Club
Kilcoy Golf Club
Kilkivan Golf Club
Kingaroy Golf Club
Kumbia Golf Club
Maryborough Golf Club
Monto Golf Club
Mt Coolum Golf Club
Mt Perry Golf Club
Mundubbera Golf Club
Murgon Golf Club
Nambour Golf Club
Nanango Golf Club
Noosa Springs Golf Club
Noosa Valley Golf Club
Twin Waters Golf Club
Oakwood Park Golf Club
Pacific Harbour Golf Club
Peregian Springs Golf Club
Proston Golf Club
Tewantin Noosa Golf Club
Tin Can Bay Golf Club
Wondai Golf Club
Woodford Golf Club
58
249
206
292
19
23
23
19
2
34
8
81
10
181
5
23
12
94
32
88
5
62
23
86
71
157
6
264
91
13
65
Total3600
Page 61
Page 62
The 2010 Men’s Sand Green Championship was played at Boulia
14 Walden Lane
Bowen Hills 4006
GPO Box 1518
Brisbane QLD 4001
T: (07) 3252 8155
F: (07) 3257 1520
W: www.golfqueensland.org.au

2010 Golf Queensland Annual Report

Transcription

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