ANNUAL REPORT. and BALANCE SHEET

Transcription

1 Incorporated as Charlestown Bowling Club Limited ANNUAL REPORT and BALANCE SHEET

2 OFFICE BEARERS CHAIRMAN J. Davis DIRECTORS M. Rigby J. Sanderson F. Wells G. Adams I.Percival G.Fielding AUDITORS DFK Crosbie SECRETARY MANAGER Michael Gray LIFE MEMBERS Since the formation of Charlestown Bowling Club 68 years ago a number of members through their devotion and distinguished service to their Club, have been elected to the coveted office of Life members. *J.Paterson *J. Norris *A.G.Avery *C.Booth *J.T.Joyce *N.Oswald *S.Hayes *D. B. Bailey *L.Searle *D.Campbell *J.Newton *B.Owen K.McCabe *S.Fraser Snr *R.T.Hoy P.Harrold *C.A.Clarke R.T.Owens W.P.Fogarty J. Hugo I. Gardner B.Carling J.Clements *Deceased 1

3 CHARLESTOWN BOWLING CLUB LIMITED Chairman s Foreword 2016/2017 On behalf of the Board of Directors, I am pleased to present my report for 2016 to Our club has had another successful year and continues to modernise and provide wonderful facilities for our members and guests. Our Bowlers: This year saw another great year of bowling. Our talented women bowlers were successful in winning another flag to add to their achievements. Congratulations to you all. Our men also certainly put in a great effort this year. All teams were very competitive during the season and we are proud of all our bowlers who participated this year in this great game we play! For further information please refer to Director Bowls report. Our Club: Over the past year the Board has undertaken some strategic planning workshops with Michael Gray (our Chief Executive Officer), reviewing the operations and considering future vision for the club. We again focused on listening to our members to improve facilities. During the past year we have made numerous enhancements including: Relocation of the TAB which provided an opportunity to offer a smaller meeting conference facility. This has certainly proved to be a huge success to date, being booked by many members as well as community groups since the upgrade Expansion of the outdoor gaming room Modernisation, upgrading and expansion of our restaurant area. This has certainly provided a new-look for the club as well as a noticeable increase in the patrons to the restaurant every day. Introduction of barbeque facilities available in the outside synthetic green area Numerous internal and maintenance changes such as purchase of additional poker machine entitlements and audio improvements etc. We will continue to review ideas for the betterment of our club, and remain committed to stability whilst moving forward with our vision to ensure our club becomes the bowls club of choice. Our Board remains committed and focused on making decisions that keep this club stable and viable so all can continue to enjoy the great facilities we have. We will continue to promote the interest of all members, social and bowling. We will continue to foster the support for our community and continue to be an employer of choice for our staff. Our People: We are lucky to have such amazing employees at the Charlestown Bowling Club. Under the great leadership of Michael Gray (CEO) the club has seen smooth running operations this year with dedicated staff who have continued to provide great services for our members and guests. We thank you all for working so hard to make our members and guests feel welcome, safe and enjoy themselves. Our kitchen this year has expanded their staff and under the proficient management of Greg Hawke they have capably serviced our members and guests, working tirelessly to ensure our patrons have a comfortable and enjoyable dining experience. You have all done an amazing job and we thank you. 2

4 Welcome this year to our new bowls Co-ordinator Chris Thomas. We appreciate your support of our bowlers and look forward to your continuing input to enhance and improve our bowls and on the green. Greg Geise and his crew have again excellently maintained our greens and club surrounds and we thank you for your outstanding work which is appreciated by all. Our substantial volunteer workforce have again readily provided their time freely for the benefit of our Club. You are to be congratulated on your amazing efforts and the Board certainly appreciate your support, thank you all! Valued bowlers and your guests, thank you again for your continuing support and your assistance in supporting our club s direction. You are the heart of our club and we look forward to enjoying bowls and great times with you, our friends. A HUGE thankyou to all our members, friends and your families, the Board is very grateful for your continuing support this year and we wish you all good health, happiness and good luck always. Sympathy: On behalf of the Board of Directors, I extend our sympathy to the family and friends of our members who passed away in the last twelve months. To those who are currently ill, we wish you a speedy recovery and good health. Jeff Davis Chairman Obituaries During the past year the Club has suffered the loss of several of its Members. On behalf of the Chairman, Board and Members we extend sincere condolences to their families and friends Bruce McKnight Dorothy Hepple Elizabeth Styles Peter Knight Warren Hogbin Eileen Kenyon Horace Willy-Smith Christian Braun Graeme Ward Austin Clark Alexander Parker Denise Knight Colin Campbell Allan Hugo Peter Torpey Doreen Hamilton Bernie Anderson George Dumbrell Fay Patenall 3

5 CHARLESTOWN BOWLING CLUB LIMITED ACN DIRECTOR OF FINANCE S REPORT ON THE FINANCIAL YEAR As the director of Finance, I am pleased to provide this report for the year ended 30 th June In Summary: Profit Operating Profit (Before Provisions and Depreciation) 719, ,188 Provisions & Depreciation (934,923) (776,666) Net Profit/ (Loss) (215,149) (52,478) As a not for profit entity it is the operating cash profit that reflects the trading performance of the Club being $718,914 for the Year Ending June Down $5,274 the previous year. The increase in net loss is largely attributable to increased trading wages, operating expenses and provision charges despite the large increase in bar and restaurant sales and a small increase in poker machine revenue. Net Assets Shows strength of Balance Sheet ,768,604 17,983,753 Total Income ,736,845 6,095,927 Liquidity Quick Ratio Measures the short-term liquidity of the Club With a positive ratio, this means the club can pay its immediate debts Current Assets and Investments 1,727,069 1,981,869 Current Liabilities 623, ,324 Ratio

6 Summary of Statement of Cash Flows Net Cash Flows from Operating Activities 669, ,362 Cash Flows from Investing Activities (1,154,574) (443,410) Cash Flows from Financing Activities Net Increase in cash held (485,067) 302,952 This is important for all members to note. The cash flow from operations is invested back into the club in the forms of capital expenditure (mainly poker machine upgrading and improvements to building and grounds). As with all not for profit organisations profits are re-invested into the organization, in our club s case the capital improvements mentioned above. It should also be noted that our club in Debt free. INVESTMENTS Term Deposits > 3 months 1,311,336 1,116,476 Future for our Club It should also be noted our club is debt free and all Capital expenditure is met from our trading profits and investment reserves. The recently completed 4-year cash follow and profit and loss budgets to June 2021 show continued strong cash surpluses to fund future capital expenditure and are very encouraging and with the continued support of members will be achieved. The Board along with the CEO are looking at identifying new streams of income (diversification). In order to remain competitive and progress you club. I thank my fellow board members, Michael Gray (Secretary Manager) and his staff for their assistance in the past financial year. Yours Sincerely John Sanderson Director of Finance 5

7 CHARLESTOWN BOWLING CLUB LIMITED SECRETARY MANAGERS REPORT Another year has passed quickly and the Club continues to trade well. For the last financial year our bar sales improved by 15% and our bistro showed continued growth improving by 25% from last financial year. Our gaming revenue showed a slight increase however the disruptions caused by the extension to the outdoor gaming area did impact in this area. Overall this positive growth shows that people enjoy coming to our Club. A number of new member promotions such as trivia, bingo and poker were commenced during the year as well as the popular Spin for Cash on Wednesdays and Sundays. Special offers were also made available through the members reward kiosk. The Club has also increased the number of raffles as well as launching the Club App. Our social media presence has never been greater and much credit should be given to Sarah Wilson, the Clubs Marketing and Events Manager, who manages this important area for the Club. The Board have embraced the need to re-invest back into the Club and as such there has been much activity within the Club. This year we have also seen the following improvements to our club: 1. Upgraded the bistro furniture and expanded the size of the Bistro. 2. Created the new Patricia Room to host training courses and smaller functions. 3. Installed additional craft beer taps. 4. Expanded the outdoor gaming room. 5. Built in BBQ area. 6. Additional signage. All these improvements have been received well by members. Management and the Board continue to look at ways of improving the Club further and increasing our revenue streams for the benefit of members. Plans are underway for further improvements to the Club and we will keep members informed of these as they happen. To all our members who are never shy in offering their advice I thank you for your input, patience and patronage when disruptions have occurred, due to the renovations and hope you continue to support the Club. I would like to thank all the staff for their hard work and the managers, Greg Hawke, Nerida Mark, Clint Williamson, Greg Geise, Sarah Wilson and Chris Thomas, who lead the various areas of the Club, for their support. Finally, I would like to thank Jeff Davis and his Board of Directors for their continued support and guidance. They work tirelessly in the best interests of the Club.. Regards Michael Gray Secretary Manager 6

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26 Men s 2016 Champions Major Singles Major Pairs Major Triples Major Fours Minor Singles Minor Pairs Minor Fours Club Bowler of the Year Most Improved Men s Bowler Mixed Pairs B.Atkins I.Percival and F.Verschoor J.Cowan, Z.Griffiths and P.Lyford C.Atkins, S.Smith, J.Mclean and B.Atkins P.Gray M.Parish and P.Gray C.Atkins, J.Clement, P.Gray and W.Meek P.Gray I.Percival H.Sanderson and J.Sanderson Charlestown Women s Bowling Club Achievements District Honours District Results Winners 1 Grade District Section Pennant Winners Halina Wuro, Kay Shuttlewood, Raweng Namutwong, Rhonda Littlewood Karleen Gemmell, Gayle Gannon, Laurel Faint, Rose Wayland and Julie Garry Club Championship Results Ladies 2016 Major Singles: Championship Pairs: Championship Triples: Championship Fours: Minor singles: Olive Brown Consistency: Most Improved Ladies Bowler H.Huro R.Littlewood and R. Wayland F.Clark, N. Evans and E. Hoy R.Littlewood, P. White, K. Shuttlewood and H. Wuro N.Noosornsri F. Wells N. Noosornsri 25

27 During the last financial year Charlestown Bowling Club supported the following Charities and Community Groups Newcastle Triathlon Club Autism Spectrum Australia Life Without Barriers Hunter Breast Cancer Foundation Charlestown Caring Group Charlestown Meal on Wheels Youth of the Streets Little Wings Westpac Rescue Helicopter Service Camp Quality Motor Neurone Disease Association NSW Surf Aid Special Olympics Newcastle Royals Korfball Club Red Cross Prostate Survival Alliance Oz Harvest KU Windale Pre-School Royal Far West Mark Hughes Foundation Charlestown South Public School Charlestown Cricket Club Charlestown Junior Football Club Cardiff Hawks Junior AFL Club Charlestown Men s Bowling Club Charlestown Women s Bowling Club 100% Hope Cancer Council Windale Junior Rugby League Football Club Warner s Bay Football Club Charlestown Junior Cricket Club Hunterview Club Charlestown Rotary Club Charlestown Lions Hunter Sports High St Paul s Primary School Bel Air View Club Newcastle Backgammon Club Charlestown Bowling Club Craft Ladies All Ability Sports Coaching Lake Macquarie Zone Little Athletics International Women s Day Mercy Services DFK Crosbie Newcastle District Bowls Association Hunter Animal Rescue Newcastle Rugby Union Referees Association 26

28 Charlestown Bowling Club Limited 5 Lincoln Street, CHARLESTOWN NSW 2290 Phone: FAX: ABN: ACN: