90th Annual Report and Financial Statements

Transcription

1 90th Annual Report and Financial Statements For the year ended 31 May 2017 To be presented at the Annual General Meeting of the Club to be held in The Club Pavilion, Totara Crescent, Lower Hutt on Tuesday 25 July 2017 at 7.30pm 67a Totara Crescent, Lower Hutt

2 ANNUAL AWARDS All members are invited to the Annual Awards Presentation which will be held at the AGM on 25th July 2017 commencing at 7:30pm and preceded by drinks and light refreshments This will include presentation of cups and certificates to all winners. 2

3 AT A GLANCE Changes to Membership Fee Sub 2017/18 $ Type Fee* Late payment** Senior (19 & over) Couple (same address) Family (same address) Midweek (midweek tennis only) Veterans (over 65) Junior/Intermediate (Under 19) Student (full time) (Over 18) Court Hire (per hour) Visitors Fee (per player) Non Playing (no court use) Corporate Sponsorship *HV Tennis have increased the affiliation fees by $1 per member and are charging $10 (per adult) and $5 (per juniors) for the purposes of building development; As a result LHTC adult and junior membership fee are increasing by $15 per adult and $5 per junior for the 2017/18 year to cover the cost of HVT Association fees. **Any full year subscription payment made after 31 December will incur $30 late payment fee. This is encourage prompt payment and to cover any cost of administration in collecting overdue fees. Income Statement Summary 3

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5 AGENDA 7:30 Prize giving followed by Annual General Meeting (i) (ii) (iii) (iv) (v) Apologies Approval of Minutes of last Annual General Meeting Presentation of Annual Reports Presentation of Financial Statement of Accounts for past year. Confirmation of Honoraria's Secretary: Treasurer: (vi) Subscriptions: The following are the proposed subscriptions for the 2017/18 season recommended by the Committee. (These include the fees imposed by HVT). Sub 2017/18 $ Type Fee Late payment* Senior (19 & over) Couple (same address) Family (same address) Midweek (midweek tennis only) Veterans (over 65) Junior/Intermediate (Under 19) Student (full time) (Over 18) Court Hire (per hour) Visitors Fee (per player) Non Playing (no court use) Corporate Sponsorship (The above subscriptions include GST and entry fee for Club Championships). Subscriptions are due 31 October *Any full year subscription payment made after 31 December will incur $30 late payment fee. Any member with unpaid subscriptions after 30 January may lose all membership privileges. (viii) Election of 2017/18 Officers - Nominations received: Other nominations very welcome. Chairman President Hon. Secretary Hon. Treasurer Club Captain Mark Cullen John Donaghy Dodu Chettiyar Jackie Clarke Mark Cullen 5

6 (viii) Nominations & Elections for Management Committee (6-12 required) - Nominations received: Trevor Dine, Raewyn Roberts, Jackie Clarke, Mark Cullen, Dodu Chettiyar and Anna Brownlie (ix) (x) (xi) Nominations to HV Tennis Management Committee (2 or more available) (Midweek and Junior sub-committee member s nominations welcome). Election of Delegates to the HV Tennis AGM (Secretary + 6) to be held 21 August 2017 Proposed dates of opening days of summer season Seniors Juniors Midweek TBA TBA TBA (xii) General Business 2016/17 Office Bearers President Life Members Hon. Secretary Hon. Treasurer Club Captain Junior Club Captain Midweek Club Captain Auditor Mr John Donaghy Mrs Barbara Allen Mrs Noeline Savage Mr John Donaghy Mr Graham Nelson Mr Pat Sheehan Dodu Chettiyar Mrs Jackie Clarke Mr Mark Cullen Mrs Anna Brownlie Mrs Jackie Clarke Mr Alex Bass President, Hon Secretary, Hon. Treasurer and Club Captain are ex-officio members of the Management Committee. Committees 2016/17 Management Committee: Mark Cullen John Donaghy Jackie Clarke Trevor Dine Raewyn Roberts Graeme Josephson Anna Brownlie Dhoddusamy Chettiyar Midweek Committee: Jackie Clarke Janice O Sullivan Tinie Jellie Jan Edwards 6 Junior Sub-Committee: Michelle Renton Anna Brownlie Sarah Painter Gary Naylor Rochelle Spencer Tania Blucher Sanjay Bhawan

7 HV Tennis Management Committee Representatives 2016/17 Trevor Dine, Anna Brownlie and Craig Eves HV Tennis Delegates to HV Tennis AGM 2016/17 John Donaghy, Trevor Dine, Andrew Chuah, Graham Nelson, and Graeme Josephson 2016/17 MEMBERSHIP Membership of the club was as shown below, together with comparative figures of previous years. As at 31 December 2016/ / / / / / 12 Senior Male Senior Female Junior Male Junior Female 0-11 Male * Female * Total * included in the Junior Male & Female total 2016/17 Administration Award TS Williams (Most Outstanding Member) Raewyn Roberts 2016/17 Sponsors Acknowledgement The club recognises the contributions of: NZ Racing Board, Pub Charity, Pelorus Trust, Sovereign First Trust Limited and Infinity Foundation ARL Lawyers Richmond Industries A.C.E Coaching by way of grants and sponsorship for junior coaching, tennis balls, affiliation fees, and courts 3&4 resurfacing. 7

8 Word from the President Last week I was sent the following that I thought could apply to the LHTC. Roger Federer s 7 Rules of Success:- Have a structured goal plan Learn from your mistakes Chase your dreams Work on your strengths Question yourself Build a great team Be prepared Your Committee already have adopted some of the above they undertake planning - have a great team and work with their strengths. In fact they perform to most of Roger s Rules. One omission, well it might be there, but let us know what you think. Members well, tell your Committee what are your dreams. If it works for Roger it will work for us. Together lets Chase our Dreams John Donaghy President Chairman s Report The club has had another good year with senior membership staying steady, but another small drop in junior membership. All the social leagues continue to attract good participation. Thanks to Yadgar Irani (Wednesday night league); Martin Ryan (Monday night league); Tinie and Simon Jellie (Saturday league) and Jackie Clarke (mid-week club) for their efforts in organising and co-ordinating these club activities for club members. The junior club continues to be a major part of club activities. A lot of work goes into the organisation of the junior club with a separate junior subcommittee doing a great job running the junior club. Thanks to Anna Brownlie and her subcommittee for the time they put into this. More volunteers would be very welcome to join this subcommittee. On the competitive playing side, the club continued to be strongly represented in both junior and senior tournaments and competitions. Thanks to our interclub conveners Trevor Dine and Raewyn Roberts, who have both been in these roles for a number of years now. They contribute a lot of time in selection and over-seeing the summer interclub teams. Our programme to ensure we have the best possible facilities is continuing and the playing surface on courts three and four will be replaced with new astroturf before the new season begins. 8

9 Unfortunately our club maintenance man Graeme Josephson has decided to give up his role and will not continue on the committee. Graeme has served on the committee for many years and has made an enormous contribution to the current health of the club. The role he has performed keeps everything ticking over, and it would be great if somebody with a like skillset could fill his shoes. I look forward to seeing you all at the club over the coming season. Mark Cullen Chairman Midweek Report We were getting a regular number of 10 players attending Tuesday mornings in summer. Over winter this number has dropped a bit but there are still enough players to have plenty of tennis. We have welcomed two new members to the midweek club this year. We had four teams playing summer interclub - 2 in A & B grade. Teams and placings were:- A Grade Team 1 4th Barb, Sheryl, Deanna, Jackie A Grade Team 2 9th Judy H, Ros, Judy P, Lynne, Victoria, Sandra B Grade Team 1 4th Hayley, Tinie, Lillian, Tina B Grade Team 2 9th Steph, Jocelyn, Jan, Fiona Awards were given for the following players:- Highest Interclub Aggregate Deanna Puata (84%) Most Improved Player John Terris 9

10 The midweek club combined their AGM and prize giving with a Soup Day. Great to see so many players and ex-players come and enjoy the pumpkin and kumera, and pea and ham soups. We even had freshly baked baguettes this year. This year it was our turn to go to Khandallah where we had a fun tournament. Due to a fall in numbers it was decided that we would only have half a ham for our Christmas lunch. Our fabulous chef was a bit worried it might not taste as good but there was no need to worry another wonderful Christmas lunch of freshly baked ham, bread and salads were enjoyed. Jackie Clarke, Midweek Club Captain 10

11 CLUB CHAMPIONSHIP RESULTS 2016/17 OPEN RESULTS WINNER RUNNERUP MENS CLUB CHAMPION MATT GIBBONS HARRY JOSEPHSON WOMENS CLUB CHAMPION JULIE SCOTT TBC MENS DOUBLES CHAMPIONS WOMENS DOUBLES CHAMPIONS MIXED DOUBLES ANDREW CHUAH / TONY PIETRIAS JULIE SCOTT / HANNAH BAXTER JULIE SCOTT / ANDREW CHUAH - B - DAVE LEESBURG / LARRY MAHN CLAIRE BROWNLIE / EMILY DINE DAVE LEESBURG / LEONIE CAMPBELL MENS SINGLES YADGAR IRANI STEVE HECTORS MENS DOUBLES MARTIN RYAN / PAUL HARRIS WOMENS DOUBLES KATHY MAGUREN / ZELMA FOO JAMIE KRUGER / MICHAEL GIBBS STEPH FULLER / LILLIAN MARTIN MIXED DOUBLES HAYLEY / JAMIE KRUGER BARB / RUDY van BAARLE INDIVIDUAL AND TEAM AWARDS J W Andrews Cup (Top Weekend Team) Divisional 2 Committee Cup (Most Improved Player) J W Andrews Cup (Top Regional Team) Julie Scott Trophy (Most Improved I/C Player) Top Regional Player Top Divisional Player D Hutchinson Regional 3 Ladies P Harris C Brownlie C Hughes 11

12 Pre-Xmas competition Senior Men s Interclub 2015/16 Post-Xmas competition Team Result Team Result Premier 3 4th Premier 3 5th Premier 4 7th Division 1 1st Division 1 5th 6th Division 2 4th Division 2 1st 7th 4 th 8th 5 th 6 th It was another successful interclub season for the clubs senior men. Our top Division 1 team won the pre-xmas competition. Lower Hutt Tsonga won the Boys Premier A pre-xmas competition. On promotion to senior tennis they immediately won Division 2. Great achievement guys. It is great to see that the club has a growing number of teams in the lower grades. This should be a great sign for the future. Trevor Senior Interclub Convener Women s Weekend Interclub Review The season has been a successful one for the club. We have retained our place in each of the 3 Premier Grades in the Wellington region competition. Good sportsmanship was displayed by all players. Post-Xmas Results: Premier 1-4th (Pre-Xmas 3rd) (Amelia Harris, Julie Scott (c), Hanna Baxter, Jemima Jansen, Rachel Baxter, Carmel Sheehan) All team members contributed points to their team's total in this competition. We were unable to field our top team for all ties and this made achieving the top position difficult. Premier 2-6th (Pre-Xmas 6th) (Rebecca Clarke (c), Sarah Parish, Madeleine Williams, Katrin Scott, Nicola Wall. Manager - Jackie Clarke) 12

13 Every player experienced singles and doubles wins. There were many close matches, especially in doubles. A closed road on the Rimutaka Hill contributed to it being difficult for the team to finish higher in the Premier 2 competition. Possibly a bit more practise may have also benefitted team members, however this was a team that played with good spirit and it would be great to see all these players back next season. Premier 3-3rd (Pre-Xmas 2nd) (Claire Brownlie (c), Emily Dine, Laura Powlesland, Nicole Brown, Sophie Painter, Lulu Jansen. Manager Michelle Dolan) There were a lot of very good results for these young players. They played with commendable effort and went close to winning the grade. Hutt Valley Division 1-4th (Pre-Xmas 3rd) (Elise Hendry, Emma McEwan, Olivia Henderson, Lizzie Lee (c), Tessa Lee) This team experienced some tough matches but all players competed with good spirit and were very reliable team members. Thank you very much to the team managers and captains. Once again they have done a fantastic job throughout the season, ensuring their teams had full playing contingents each Saturday and that they had tennis balls, team sheets, etc. Their efforts were greatly appreciated. Raewyn Roberts Senior Interclub Convener Junior Committee Junior Report Thanks to our dedicated team of volunteers who put in a lot of time organizing the junior club, including interclub trials, ongoing management of tournaments and events and meeting/greeting new members. Anna Brownlie, Michelle Renton, Gary Naylor, Rochelle Forbes, Sanjay Bhawan, Tania Blucher and Sarah Painter. Thanks especially to those standing down this year: Anna Brownlie who has lead the committee for a number of years- not quite sure how we will do things without her Michelle Renton whom has entered all the interclub scores in for the junior teams for a number of years as well as assisting with events. We are now looking for some keen new supporters of our club to step up and help us to plan for the coming season and continue to improve our club. Sunday Morning Coaching Andrew Chuah ran 2 sessions rather than 3 due to the lower numbers attending. 13

14 Friday Night Coaching We continued to run with two sessions: 5pm-6.30pm for our lower Divisional interclub teams and 6.30pm-8pm for the remaining teams. Thanks to committee members who were rostered on each week to organize the running of supper for the early group and to the parents who supported this. The numbers have dwindled in attendance to these sessions particularly the later session. Thanks to coach Andrew Chuah who provided some good drills and games with some coaching and match play too. The new club shirts have been introduced with most junior players wearing them for interclub. They seem to be well received with the option of a polo, tee shirt or singlet. Junior Interclub The number of teams in both girls and boys dropped again from the previous year. We had only 6 boys and 6 girls teams. 7 teams less from the previous year. 2 of the teams from the previous year in the junior girls had been promoted to Hutt Valley Woman s and Premier Woman s division. As the results table below shows we had 6 grade wins and 5 grade runners up over the season. Grade Pre-Christmas 2016 Post-Christmas 2017 Boys Premier A Boys Premier B Boys Division 1 Boys Division 2 Boys Division 3 Girls Premier A Girls Premier B Girls Division 1 Girls Division 2 Girls Division 3 Winners Runners-Up Winners Runners-Up Lower Hutt Tsonga Lower Hutt Djokovic Lower Hutt Williams Lower Hutt Raonic Lower Hutt Del Potro LH/Maungaraki Murray Aces Lower Hutt Kvitova Lower Hutt Pennetta Lower Hutt Li Na Lower Hutt Dimitrov Lower Hutt Kerber Junior Club Championships This season the Junior Club Champs were held on 3rd and 5th of March. Numbers were even lower than the year before at 27 players for There wasn t enough interest in the mixed doubles to go ahead with this. Tournament Planner software was used to run the tournament which allowed players to check times and results online. Effort was made to accommodate conflicting sporting commitments. Thanks to those who organised and ran this event. 14

15 Parent and Child Tournament This was meant to be held on February the 19th, the aim was to try and encourage the younger players attending Sunday morning coaching to come along with their families. This was cancelled late as it didn't appear that enough people had signed up for it. Junior Prize Giving Friday 7th April 2017 Junior prize giving began with supper and with the ceremony beginning at 7.30pm. Andrew Chuah spoke briefly about the coaching season. Congratulations to those who received awards (listed below). Lower Hutt Tennis Club Junior Club Awards 2016/17 Season Award 2016/17 Winner Runner Up Girls Singles Open Championship: Noeline Savage Cup Girls Doubles Open Championship: Chapman Family Trophy Girls Doubles Open Championship: Joan Webb Cup Boys Singles Open Championship: Seymour Hewer Cup Boys Doubles Championship: Reg Hellier Cup Boys Doubles Championship: Dolan-Powlesland Cup Boys Singles U12: Josephson Cup Boys Doubles U12: Unnamed Cup Charlotte Painter Charlotte Painter Jade Blucher Thomas Pou Thomas Pou Sridar Murigan James Brownlie Vincent Luo Anna Hoffman Mysha Bhawan+ Jasmine Irvine Sridar Murigan- this was a hard fought match, possibly the longest of the champs Hamish talon and Alex Walker Mano Murigan Boys Doubles U12: James Brownlie Mano Murigan + George Bylsma 15

16 Award 2016/17 Winner Runner Up Chapman Family Trophy Girls Singles U10: Garner Cup Girls Doubles U10: Clarke Family Cup Girls Doubles U10: Unnamed Cup Boys Singles U10: Josephson Cup Boys Doubles U10: Unnamed Cup Boys Doubles U10: Unnamed Cup Boys Interclub Team of the Year: Trophy Board Girls Interclub Team of the Year: Trophy Board Hayley Naylor Hayley Naylor Alicia Harris Aryav Bhawan Jack Maddigan Aryav Bhawan Team Tsonga Sridar Murigan, Nick Renton, Thomas Pou, Luca Campbell and Blake Randall Team Li Na Alicia Harris, Roisin Jeffery s, Alannah Jeffery s, Zak Denby, Angus Murigan Alicia Harris Charlotte Hoffman + Purna Patel Jack Maddigan Ben Irvine and Angus Murigan The Tsonga team won the Prem A boy s competition pre-christmas and were promoted into the Senior men's div 2 competition. They are currently leading the table in Men s Div 2 by 12 points with one round to go. (Great managers to!) Li Na, were promoted from Div 3 to Div 2 post after Christmas and are in 2 nd position finishing the season Most Improved Girl Ariane ( Arnie) Allardyce She has improved from points over this season and only had one defeat by end of March, clear winner Most Improved Boy William Berry William has increased his configure points by 270 and has moved from S11 to S10. (the next closest is Alex Chambers at +220 and a move from S11 -S10, Girls MVP Amber Kruger She has the highest interclub points in the girls junior club and only had one defeat over the season 16

17 Award 2016/17 Winner Runner Up Boys MVP Sridar Murigan Sridar has consistently played at the #1 position for Tsonga moving from Juniors to the senior division post-christmas. He has increased his points in S8 by 95, and has had only 2 losses all season Club Spirit Boy Angus Murigan Nominated by his team as a great player who is always keen to play and slotted into the mixed boys and girls team. As the team did so well this last half of the season he ll have to play in an all boys team next season Club Spirit Girl Zoe Maddigan Zoe started interclub half way through the season for the first time. She was placed in Team Kvitova whom had been promoted to Premier A. Despite this potentially daunting prospect she has held her own and even won a game against an S9 in a super tie break on the last official club day Lower Hutt Tennis Club Player of the Year Nick Renton Nick has played two interclub leagues throughout the season, the Wellington Friday night elite league and the Hutt Valley Junior competition pre- Christmas. Along with his Tsonga team mates, Nick competed in the Senior Men's div 2 competition post -Christmas. Throughout 2016 Nick also competed in the Thump Sports Winter league, was a Hutt Valley Representative for the Straits Challenge and a finalist for the Wellington 12U team. Nick competed in a number of tier 2 and 3 tournaments throughout 2016 including the Dunedin Winter tournament, Wellington Easter and Spring tournaments, Manawatu and Whanganui Winter tournaments and the New Zealand Nationals, in which he was a finalist in the tier 3 competition. 17

18 Junior Representative Tennis Many of our junior players have been selected to play representative fixtures for Hutt Valley and Tennis Central over the past season. Tasman Challenge Rep Fixture: HV vs Tasman/Marlborough September 2016 This event was hosted by Hutt Valley Tennis and the following members of LHTC were selected for the team: Nick Renton, Claire Brownlie, Sophie Painter, Emily Dine, Laura Powlesland, Callan Hughes, Nicole Brown, Lulu Jansen and Harry Fraser. Hutt Valley won 46 games to 38. Bob Brown Rose Bowl Tournament 4th December 2016 This tournament HV vs Wellington is held on the first Sunday in December annually and the following LHTC members were selected for the HV team: Charlotte Painter, Callan Hughes, Claire Brownlie, Sophie Painter, Laura Powlesland, Lulu Jansen, Sridar Murigan, Alex Randell, Jemima Jansen, Emily Dine, Nicole Brown, and Emma McEwan. Wellington won 44 games to 28. Capital Coaching Central Teams Event 8th-9th April 2017 Hutt Valley Tennis Team make it five in a row! Two club members, Jemima Jansen and Claire Brownlie were selected to represent Hutt Valley in this event, beating Kapiti/Mana in a close final and winning the title for a fifth time in a row! Other Achievements Laura Powlesland came runner up in the HV Schools Tournament in October and Claire Brownlie was selected to represent Tennis Central in the National Junior Teams Event held in January Sarah Painter Junior Committee Member July

19 Coaches Report Having coached at one of the best clubs in Wellington for 2 years, it s a privilege again to deliver this report. It is certainly a pleasure to coach and watch the junior members develop and grow as players. This is not disregarding the senior members, as coaching is not just for the young! Thank you to the Junior Committee, led by Anna Brownlie, for investing their time and efforts into organising Friday Night and Sunday mornings. They have made it an enjoyable event for all. The Friday night was catered specifically for the interclub players and prepared them to play on Saturdays. Supper was a main feature for the first session and most players had a healthy appetite! Whilst Sunday mornings focused on the large group of beginners and non-interclub players. For the first time, we initiated a learning program that involved parents. Our objective was to teach and encourage players and parents to practice together outside of the Sunday sessions, with the aim to advance the child s development. The coaching crew was made up of Head Coach, Andrew Chuah, and his Assistant Coaches: Rorie French, Francis Pooke, Joshua Chuah and Jenifer Chuah. They all helped with facilitating the sessions in a cheerful and professional manner. As with any industry, furthering your knowledge and education is a must. This year we attended the Tennis Australia Open Coaches Conference with some big-name speakers, Judy Murray (Andy s mum), Thomas Hogstedt (Maria s ex-coach), Toni Nadal and more. Some great information and knowledge was received well and able to be absorbed in to our coaching programs. Squad training is also a mainstay of our coaching and is offered during the week. It was well received and allows junior players to practice tactical and technique in a good coach player ratio 1:8. Hutt Intermediate is one of our schools that we coach at and again will be providing coaching services to the students for Electives this year. All in all, it was a good year of tennis coaching and we have noticed a good growth of members who have used our services which ranges from Private Lessons, Hot Shots Squad Training, Junior Squad Training for Interclub Players, Cardio lessons and soon Tennis Xpress for adult beginners. Looking forward to a great season, Andrew and the Team There is no substitute for hard work but when you add fun, it makes it easier Saturday Afternoon League Saturday league has had a steady turnout over the summer months and standard of play has been excellent. Kathy Maguren and Zelma Foo won the B grade Women s Doubles and Hayley and Jamie Kruger won the B grade Mixed Doubles in the Senior Championship. A Pink and Blue Ribbon fundraiser was held and well supported despite the weather conditions being challenging on the day. Thank you to everyone for your support. Kerry Francis, one of our permanent players, has moved to Brisbane and we wish her well in her new career. The format of play is still 19

20 from 1 pm till 3 pm covering four courts and seems to be well received by everyone and therefore will be continued. Tinie Jellie Saturday League Organiser Monday Night League We've been lucky enough to have a few beautiful nights for tennis this winter, along with a few not so great nights. A handful of new members have signed up over the last term giving our numbers a bit of a boost and injecting some fresh blood into the competition, which is always welcome. We've upped the number of singles games which is providing some great exercise to ward off the winter chills. Singles are also now ranked separately from doubles. Yadgar Irani is our number 1 at the moment for doubles and Paul Harris for singles - though we usually get turnover at the top every other week. Martin Ryan Monday Night League Organiser Wednesday Night League Wednesday Night League sees interest from members with diverse skill range. The league tries to support skill development by ensuring draws with evenly matched players. The social and fun aspect is maintained by ensuring participants do not play against same players every week. Statistically, there have been a max of 32 and a min of 16 participants. The league has also provided a trial to 3 guests. One of whom has gone on to become a member! Yadgar Irani Wednesday Night League Organiser 20

21 TREASURER S REPORT LOWER HUTT TENNIS CLUB INC INCOME STATEMENT FOR THE YEAR ENDED 31 MAY note $ $ INCOME Subscriptions Senior 17,161 16,563 Midweek 1,465 1,939 Juniors 12,950 14,216 Family 2,457 3,439 Couples 1,913 1,870 Veterans 1,743 2,700 Student Parent Non Playing Team fees 6,199 6,331 Court hire 1,907 1,288 Donations Interest 905 1,631 Grants 3 25,082 50,191 Sundry income Total income 73, ,743 Transfer to Facility Development Fund (3,470) (3,515) Net income 69,915 99,228 EXPENDITURE Advertising Affiliation fees 11,317 13,590 Balls 5,112 5,746 Coaching 7,785 8,960 Depreciation 35,350 34,982 Electricity 2,462 2,767 General expenses 1,168 2,123 Honoraria - - Insurance 1,441 1,441 Interclub entry fees 4,296 4,814 Junior promotion Shirts Printing/Stationery/Postage Regional Tennis Rent & Rates 3,002 2,912 Repairs & Court Maintenance 5,698 3,569 Social Activities Telephone (18) 631 Trophy & engraving Total expenditure 80,128 84,778 NET SURPLUS (10,213) 14,450 Members funds brought forward 288, ,795 Members funds at year end 278, ,244 21

22 LOWER HUTT TENNIS CLUB INC BALANCE SHEET AS AT 31 MAY $ $ $ $ CURRENT LIABILITIES CURRENT ASSETS Creditors ANZ Bank 57,329 33,940 Grants received in advance 10,000 - Debtors , Prepayments 12,000 Inventories 2,660 1,588 72,927 36,466 ACCUMULATED FUNDS INVESTMENTS ANZ Deposits 31,020 33,960 Members funds 278, ,244 Development Fund Deposits 14,806 11,336 Facility Development Fund (note 4) 14,806 11,336 Approved by: 292, ,580 FIXED ASSETS (note 2) 184, , , , , ,058 Mark Cullen Chairperson LOWER HUTT TENNIS CLUB INC Jackie Clarke Treasurer NOTES TO THE FINANCIAL STATEMENTS 1. STATEMENT OF ACCOUNTING POLICIES REPORTING ENTITY The Club operates as an incorporated body under the Incorporated Societies Act GENERAL ACCOUNTING POLICIES The financial statements have been prepared using the historical cost basis under the principles of accrual accounting except for subscription income which is accounted for on a cash basis. CHANGES IN ACCOUNTING POLICIES All accounting policies have been applied on bases consistent with previous years. PARTICULAR ACCOUNTING POLICIES Fixed Assets Fixed Assets are shown at original cost less accumulated depreciation. Fixed Assets are depreciated on a straight-line basis based on their useful economic life of 10 years, with the exception of sundry assets depreciated on a straight-line basis over 5 to 10 years. Inventories and prepayments Inventories and prepayments have been valued at the lower of cost or net realisable value. Goods & Services Tax The financial statements have been prepared on a GST exclusive basis. GST is accounted for on a cash basis. Differential Reporting The club is a qualifying entity for Differential Reporting because it is not publicly accountable and does not qualify as a large entity as defined by the framework for differential reporting. The club has taken advantage of all differential reporting exemptions. 22

23 2. FIXED ASSETS Asset Original cost Accumulated Depreciation Closing book value $ $ $ Synthetic grass courts 127,080 72,340 54,740 Lights and fences 126,139 75,356 50,783 Plexipave courts 43,000 27,233 15,767 Coach s building 24,352 24,351 1 Pavilion alterations 67,483 22,267 45,216 Other assets 37,387 19,262 18, , , , GRANTS RECEIVED The club acknowledges the support received from the following organisations: $ Pelorus Trust 3,000 Pub Charity 12,000 NZ Racing Board 10,000 Pelorus Trust 1,000 Infinity Foundation 4,000 Pelorus Trust 1,500 First Sovereign Trust 1,125 Infinity Foundation 2,457 35,082 less NZ Racing Board Grant for courts not spent at 31 May (10,000) 25, FACILITY DEVELOPMENT FUND Facility development fund $ $ Opening balance 11,336 7,821 Additional contributions 3,470 3,515 Closing balance 14,806 11, CAPITAL COMMITMENTS The club has committed $36,260 to replace courts 3 and 4 at 31 May 2017 (2016: NIL). Expenditures by way of prepayments for these courts of $12,000 has been paid during the year to Supergreene Enterprises Limited with work expected to commence in September

24 INDEPENDENT ASSURANCE REPORT To the members of the Lower Hutt Tennis Club (Inc.): I have reviewed the financial statements on pages 21 to 23 of Lower Hutt Tennis Club Inc for the year ended 31 May 2017, in accordance with A1 Accounting Standards Framework issued by the External Reporting Board (XRB). These have been prepared in accordance with the financial reporting framework described in the Notes to the Financial Statements. The Club has elected to continue to use Differential Reporting under GAAP that, for reporting periods beginning 1 April 2015, would not differ from Tier 4 Not for Profit Public Benefit entity reporting requirements under XRB A1. An independent assurance review is performed under International Standards on Review Engagements (NZ) - (ISRE (NZ)) - specifically ISRE (NZ) 2400 and is limited primarily to enquiries of committee personnel and analytical review procedures applied to financial data and thus provides less assurance than an audit. I have not performed an audit or a review engagement and, accordingly, I do not express an audit opinion. As the Lower Hutt Tennis Club Inc has expenditures of less than $1 million per annum no audit is required. Based on my review, nothing has come to my attention that causes me to believe that the accompanying financial statements do not give a true and fair view. Alex Bass, CA Lower Hutt Tennis Club Member 15 July