ANNUAL REPORT

Transcription

1 ANNUAL REPORT

2 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED ABN: OFFICE BEARERS 2016/17 PATRONS S LLOYD PRESIDENT N MUIR VICE PRESIDENT R. MILLS TREASURER J. BROWN DIRECTORS T OLDFIELD AM, P KINDLEYSIDES, S ROCHESTER AND B CAMPBELL GENERAL MANAGER K. SMITH BOWLS CO-COORDINATOR B. HUGHES BOWLS COACHES I. KEECH (CHAIRMAN) J. FARR, J. HANBURY, F. LLOYD AND B. DENGATE WELFARE OFFICER P DANIELS CLUB PROFESSIONAL SERVICES AUDITOR SIMON JOYCE YCG AUDIT SERVICES PTY LTD ACCOUNTANT JAMES SOLOMONS APTUS ACCOUNTING & ADVISORY SOLICITOR ADAM JONES LIFE MEMBERS DAVID AITKEN, RAY RANDELL, SID BAINES, KEITH ROBERTSON, BARRY PASKIN, GARY LAFFERTY, JACK HANBURY, DAVID SWINDAIL, STEVE ROCHESTER AND PETER DARROCH

3 OUR MISSION IS TO BE A SUCCESSFUL & FRIENDLY BOWLING CLUB

4 Notice is hereby given that the NOTICE OF ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING OF NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED ABN Will be held at the premises of the Northmead Bowling, Recreation and Sporting Club Limited ( the Club ) located at 166 Windsor Road, Northmead NSW 2152 on WEDNESDAY 25 OCTOBER 2017 AT 7:30PM In the Clubhouse THE BUSINESS OF THE MEETING IS A. To confirm the Minutes of the 2016 Annual General Meeting. B. To receive and consider the Reports of the Officers. C. To receive and consider the Financial Report, the Directors Report and the Report of the Auditor for the year ended 30 June D. To elect two (2) Patrons of the Club. The Board recommends the appointment of David Aitken and Keith Holden. E. To consider and if thought fit, pass the ordinary resolutions contained in the Notice of Ordinary Resolutions. F. To allow the Members as a whole to ask questions about or make comment on the management of the Club. IMPORTANT INFORMATION TO MEMBERS The Registered Clubs Act 1976 prohibits proxy voting at any General Meeting (including Annual General Meeting) and at any election of the Board of Directors. The Club s Annual Report will be available not less than 21 days before the Meeting on the Club s website at for members to access and download. A member may elect to receive, free of charge, a hard copy of the Annual Report by giving the Club a notice in writing to that effect. An election to receive a hard copy of the Annual Report will be a standing election for each later financial year until the member changes that election. Please contact the Club s office (either in person or telephone ) if you need assistance in completing a notice in writing to elect to receive a hard copy of the Annual Report. Please submit any questions relating to the Club s accounts to the General Manager by 5:00pm on Tuesday 17 October 2017 to allow time for the Club and the Club s Auditor to give a suitably researched response. By Direction of the Board Keith Smith, General Manager Dated: 21 September 2017

5 NOTICE OF ORDINARY RESOLUTIONS Notice is hereby given that at the Annual General Meeting of Northmead Bowling, Recreation and Sporting Club Limited ( the Club ) to be held on Wednesday 25 October 2017 commencing at 7:30pm in the Club s premises at 166 Windsor Road, Northmead NSW 2152, members will be asked to consider and if thought fit, pass the following resolutions which are proposed as ordinary resolutions: First Ordinary Resolution That pursuant to the Registered Clubs Act 1976 the members approve the payment of the following honoraria in respect of the recipients services as members of the Board until the Club s next Annual General Meeting: President of the Club, $2,500; Treasurer of the Club, $1,500; Vice President of the Club, $1,500; and each other Director of the Club, $1,000. Explanatory Note to First Ordinary Resolution: Under the Registered Clubs Act the Club is required to obtain members approval before paying an honorarium to any person in respect of his or her services as a member of the Board or of any committee. The purpose of this ordinary resolution is to approve the payment of honoraria of $2,500 to the President, $1,500 to the Treasurer, $1,500 to the Vice President and $1,000 to each other Director (four positions) in respect of their services as members of the Board until the next Annual General Meeting. Financial members in the classes of Life membership, Bowling membership, Club membership, Social Bowling membership and Social membership are entitled to vote on this ordinary resolution. Second Ordinary Resolution That pursuant to the Registered Clubs Act 1976 the members approve and agree to the reasonable expenditure by the Club until the Club s next Annual General Meeting on benefits relating to the following activities of Directors and other members of the Club (paragraphs (a) to (f)) including the professional development and education of Directors and other members (paragraphs (g) to (k)), and the members acknowledge the benefits are not available to members generally but only to Directors and other members who are involved in the following activities: (a) the reasonable cost of a meal and beverage for each Director and committee member during, immediately before or immediately after a Board or committee meeting on the day of that meeting when that meeting corresponds with a normal meal time; (b) reasonable expenses incurred by Directors in travelling to and from Board or committee meetings, provided the expenses incurred are approved by the Board before payment is made on production of invoices, receipts or other proper documentary evidence of that expenditure; (c) reasonable expenses incurred by Directors in relation to Club-related activities including entertainment of special guests of the Club and other promotional activities performed by Directors, provided the expenses incurred are approved by the Board before payment is made on production of invoices, receipts or other proper documentary evidence of that expenditure; (d) the provision of apparel (for example; Club blazer, tie, shirt or blouse, and trousers or skirt) for each newly elected Director and the replacement of apparel for existing Directors as required, for the use of Directors when representing the Club; (e) the reasonable cost of Directors and their respective partners attending an annual dinner and other functions approved by the Board; (f) the reservation of car spaces in the Club s car park for Directors and Officers of the Club; (g) the reasonable cost of Directors, employees approved by the Board, and their partners where appropriate, attending industry-related meetings including the ClubsNSW Annual Conference and ClubsNSW Annual General Meeting and activities directly associated with that Conference and Meeting; (h) the reasonable cost of Directors and employees approved by the Board attending seminars, lectures, trade displays, organised study tours, fact-finding tours and other similar events, provided those attendances are approved by the Board as being necessary or desirable for the benefit of the Club;

6 (i) the reasonable cost of Directors and employees approved by the Board attending other registered clubs, hospitality and gaming venues for the purpose of viewing and assessing their facilities and methods of operation, provided those attendances are approved by the Board as being necessary or desirable for the benefit of the Club; (j) the reasonable cost of providing Directors with club industry specific training including required training under the Registered Clubs Regulation 2015; (k) the reasonable cost of providing Directors with membership of the NSW Club Directors Institute. Explanatory Note to Second Ordinary Resolution: Under the Registered Clubs Act the Club is required to offer benefits equally to all members unless the members pass a resolution to approve different benefits for certain members. The purpose of this ordinary resolution is to approve reasonable expenditure by the Club until the next Annual General Meeting on benefits relating to activities of Directors and other members including professional education and development. In particular, the purpose of the Club s expenditure on the professional development and education of Directors (paragraphs (g) to (k)) is to help the Board keep up-to-date with current trends and developments that could affect how the Club conducts its business in the future. Paragraph (j) includes required training for directors under the Registered Clubs Regulation. The Regulation defines required training as: (a) the courses entitled Director Foundation and Management Collaboration and Finance for Club (b) Boards conducted by or on behalf of ClubsNSW, or the units of competency entitled Implement Board member responsibilities-bsbgov401, Work within organisational structure-bsbgov402 and Analyse financial reports and budgets- BSBGOV403 conducted by an NVR registered training organisation (within the meaning of the National Vocational Education and Training Regulator Act 2011 of the Commonwealth) or any units of competency that supersede and are equivalent to those units. The Club s expenditure on Directors expenses will be recorded in the Club s accounts. Financial members in the classes of Life Membership, Bowling membership, Club membership, Social Bowling membership and Social membership are entitled to vote on this ordinary resolution. Note: To be passed an ordinary resolution must be carried by a simple majority (50% plus 1) of the members being entitled to vote and who are present and voting at the Meeting. The Registered Clubs Act 1976 does not permit proxy voting.

7 PRESIDENTS REPORT NBC Sports Club is undergoing a period of transformation as we strive to make our business more sustainable in the medium to long term and more relevant to our local community. On behalf of the board of directors I submit the annual report for Northmead Bowling Recreation and Sporting Club Limited for the year ending 30 June The Club reported a statutory loss of $39,176. Our trading result is an indicator to the challenges we face as we endeavour to transition the business to be less reliant on traditional revenue streams. The economic conditions prevailing during the reporting period were flat with consumer confidence low, wages growth at record lows and industry feedback regarding hospitality trading confirming concerns that reliance on traditional and sedentary sources of revenue were flattening. In addition to the above, we experienced 3-4 months of extreme weather conditions following the 2016 Christmas break and this weather combined to limit normal visitation numbers and it also impacted the completion of the new front entry and disabled access ramp. These unavoidable events weren t ideal for trading conditions and the club s revenue was severely impacted accordingly. Despite the abovementioned reduction in revenue over the period, the board committed to funding its key strategic objectives, whilst at the same time we sought to limit expenses wherever possible. The board elected to maintain our staffing levels, our member rewards and promotions, entertainment offerings and sponsorship programs and we increased our investment in competitive bowls, notwithstanding the evident reduction in revenue. Managing change is challenging at the best of times even more so when a business like ours is moving to change the customer experience and make the club more relevant to all our members and our local community will present the board and management with new challenges and opportunities and we remain committed to achieving a 20% EDITDA Ratio (earnings before interest, tax, depreciation and amortisation). A new members reward program, staff culture initiatives, customer service feedback, kid s backyard and a better catering and beverage offering are all part of our continuous improvement program. Congratulations to all our men and lady bowlers for your individual and team successes and endeavours over last season. Our men s pennant success was a tremendous morale boost and cemented NBC Sports Club into the Zone 10 record books. To our army of volunteers, our inter-clubs, our sponsored junior sports clubs and to all our members, thank you for being part of this great club and we look forward to your continued patronage. The club has many supporters and none more so than our generous sponsors. Your financial support enables us to complement our great game with some generous prize-money and incentives so can I ask all members to support these good people and their company s whenever you get the chance. We ve lost some members over the last 12 months who will be remembered dearly by their mates and we offer our sincere condolences to you and their families. Can I also take this opportunity to remind members that we have the Globe Memorial Stone at the face of the Arthur Groves Green and members can purchase a memorial plaque from the club and have it placed it on the stone.

8 As we look to the future I d like to pay tribute to our Capital Works and Asset Management Director, Ross Mills. Ross s attention to detail, his creative insight, his passion and his tenacity to do things right will be sorely missed however his legacy in terms of the facilities we now have in place will be enjoyed by many current and future members for years to come and for that we are extremely grateful. In conclusion, can I say thank you to my fellow directors, Keith and your team for all your arduous work and dedication to the objectives we ve set. Norm Muir President. TREASURERS REPORT It is with pleasure that I present my fifth Treasurers Report for the NBC Sports Club for the year ending 30 June The following numbers bear witness to the fact that 2017 has been a challenging year for our club, on the back of decreased bar trading and gaming income, partly due to extreme weather conditions after Christmas as well as the disruption due to the construction of the new entry ramp. The net loss for the year is $39,176 compared to a profit of $148,587 the previous year, which is a substantial decrease. Cashflow was negative once again due to continuing capital expenditure as well as the paying down of bank debt, being a net outflow of $222,091 which resulted in cash on hand of $433,019. Our bank debt has been reduced during the year from $747,005 in June 2016 down to $688,651, a reduction of $58,355. Since refinancing, we have paid down bank debt by $111,135. Our total cash profit for the year decreased by $201,887 to $167,813. Our current ratio at June is 0.97, down from 1.72 in June last year indicating that our ability to meet our short term financial obligations has tightened during the year, although our cash and cash profit remains strong. A summary of changes from last year to this year are as follows: - Bar trading down 5.4% to 609,097 - Gaming down 13% to $1,127,990 - Employment expenses up 2.3% to $889,934 - Operating profit down 11.3% to $1,757,809 - Total Equity down 0.75% to $5,169,401 (small decrease in retained earnings) Although our club experienced a reduction in revenue, the Board maintained their commitment to support our local community, sporting and bowls program by increasing our contribution by $30,670 to $220,562. We also continued to ensure our club facilities remain modern with $382,663 invested this year on Leasehold Improvements, Plant & Equipment, Furniture & Fittings, Gaming and IT. Our club is entering a period of transition as we attempt to increase social membership and broaden our membership base, as traditional sources of income including gaming continue to gradually wane across clubland. This transition gives us a great opportunity to become more broadly appealing to new and existing members and achieve further growth and profitability. James Brown Treasurer.

9 GENERAL MANAGERS REPORT It gives me pleasure to present to the members of Northmead Bowling, Recreation and Sporting Club Limited the General Managers report for the year ended 30 June You will read within the Financial Statements that the club has reported a loss of $39,176 for the year ended 30 June 2017 which represents a $187,763 decrease on the profit reported last year. The major contributor to the financial result this year was a reduction of $284,289 in revenue and other income of which $62,084 was attributable to bar sales and $180,413 in gaming revenue. A major focus for the coming financial year will be to instigate strategies to reverse this trend. The first step of this process was the introduction in June of our member Prestige Rewards program. Prestige Rewards will encourage and reward those members who visit and spend their money at our club. For further analysis of the financial result please refer to the Treasurer s report. It is pleasing to report that we not only maintained our commitment to support our local community, sporting and bowls program we were also able to support an additional employee under our supported employment program and welcomed Morgan Boss to the team. The reduction in revenue only highlights that our community is changing quickly and that we needed to be better in recognising these changes. We realised that our operating and competitive landscape is changing dramatically. People are changing the way they communicate, connect and engage with businesses. We are a people business and rely on the patronage and support of our members and community to be successful. Therefore, we required a rethink on how we viewed our competitors. We no longer just compete against the club or pub up the road but with all businesses that compete for people s time and money. The local restaurants, shopping centres, cinema complexes and other businesses that have a direct relationship with our members are our competition. Even some of our most important suppliers are changing the way they do business and are going direct to customers (our members) using digital technology. The decision to establish the family friendly Kid s Backyard was made to ensure that our club would remain relevant in our local community and to the young families that are moving into Northmead. Whilst I acknowledge that not all members agree with the decision to utilise a section of the David Swindail green, I remain confident in the success of the Kids Backyard and the financial benefit that it will bring to our club. I would like to thank all our community partners for their continued support of our club. Special mention to Peter Darroch of Globe Memorial, for his continuing and ongoing support of our club. I would encourage all members to consider our sponsors when looking to purchase goods or services. All our supporters are listed on the back cover of the Annual Report and you can visit our website for their contact details. It is very pleasing to know that there are many members that volunteer their time to help our club. To those that have helped throughout the year with our working bees, cooking the BBQ, running our community events or being a member of an organising committee, I thank you. I would like to thank and acknowledge the dedication of my management team and staff in serving the needs of our members. It is your passion and devotion that creates the friendly atmosphere that is enjoyed by our members and guests. I thank and express my appreciation to President Norm and the Board of Directors for their support and guidance during the year. Finally, I would like to thank you, the members, for your continuing support and loyalty. I remain open to any feedback, comments, suggestions or criticisms for the betterment of our club. I look forward to a mutually rewarding year. Keith Smith General Manager.

10 DIRECTORS REPORT The directors present their report of the company for the year ended 30 June Directors The names of the directors in office at any time during or since the end of the financial year are- Name Qualifications Tenure* Appointed/Resigned Responsibilities MUIR Norm Retired Director 8 years President MILLS Ross Retired Director 5 years Vice President BROWN James CPA Director 5 Years Treasurer OLDFIELD Trevor Executive Director Director 6 years Director KINDLEYSIDES Peter Retired Director 6 years Director ROCHESTER Stephen Retired Director 21 years Director CAMPBELL Bradley Delivery Driver Director 1 year Appointed 19 October 2017 Director JANOVICS Livia Health Manager Director 3 years Retired 19 October 2017 Director * May not be continuous tenure 2. Class of members The number of members in each class of membership as recorded in the Register of Members as at the 30 June 2017 are Bowling Club Life Social Bowler 12 Nil Social 2,941 2,789 Junior 2 2 3,231 3, Results The loss of the company for the 2016/2017 financial year amounted to $39,176. (Profit in 2015/2016: $148,587)

11 DIRECTORS REPORT (Continued) 4. Attendance at directors meetings The following table sets out the number of Directors meetings held during the period 1 July 2016 to 30 June During the year twelve (12) Board meetings were held. Under the Board s Charter for its Committees the Directors along with management combine to undertake the responsibilities of the Finance & Risk Management Committee, Capital & Asset Management Committee, Gaming Committee, HR Committee, Bowls Management Committee, Strategic Marketing Committee, Disciplinary Committee and Strategic Sponsorship Committee. Board Meetings and Charter Committees Number eligible to attend Number attended MUIR, Norm MILLS, Ross BROWN, James OLDFIELD, Trevor KINDLEYSIDES, Peter ROCHESTER, Stephen CAMPBELL, Bradley JANOVICS, Livia Short and long term objectives To promote and grow the game of lawn bowls in our community and to be the community venue of choice for family friendly, value for money entertainment. 6. Strategy for achieving the objectives To achieve the objectives, the company has adopted the following strategies Strengthen the company s financial position to allow it to meet the cost of refurbishments Follow best practice principles of sound corporate governance Provide a value offering in product and services while increasing profitability Provide facilities and offering that will attract greater patronage by the local community 7. Principal activities The principal activity of Northmead Bowling, Recreation and Sporting Club Limited during the financial year was the operation of a Licensed Club for the benefit of its members and guests and the promotion of Lawn Bowls and Sporting Activities within the local community. No significant changes in the nature of the Club s activity occurred during the financial year. 8. How these activities assist in achieving the objectives By operating the licensed club to generate the revenue that will allow us to achieve our objectives. 9. Measurement of Performance Performance is measured against a financial budget, a strategic plan and a set of key performance indicators that include EBITDA, Bar Gross Profit percentage, Wages percentage to sales and gaming revenue per machine.

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13 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED A.B.N STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017 Note CURRENT ASSETS Cash 4 433, ,110 Receivables 5 33,041 16,243 Inventories 6 33,149 40,916 Other 7 70,158 53,271 TOTAL CURRENT ASSETS 569, ,540 NON-CURRENT ASSETS Property, plant and equipment 8 5,250,955 5,086,427 Other 7 0 2,332 Intangibles 9 534, ,497 TOTAL NON-CURRENT ASSETS 5,785,452 5,623,256 TOTAL ASSETS 6,354,819 6,388,796 CURRENT LIABILITIES Accounts payable , ,230 Borrowings , ,772 Provisions ,218 67,117 TOTAL CURRENT LIABILITIES 589, ,119 NON-CURRENT LIABILITIES Borrowings , ,132 Provisions 12 15,294 30,877 TOTAL NON-CURRENT LIABILITIES 596, ,171 TOTAL LIABILITIES 1,185,418 1,180,128 NET ASSETS 5,169,401 5,208,668 EQUITY Reserves 14 2,653,070 2,653,070 Retained profits 2,516,331 2,555,598 TOTAL EQUITY 5,169,401 5,208,668 The accompanying notes form part of these financial statements.

14 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED A.B.N STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2017 Note Revenue 2 2,640,456 2,883,878 Other Income 2 339, ,904 Sales of Assets Changes in inventories (2,550) 6,228 Costs of materials (492,341) (516,826) Employee benefits expense (889,934) (869,934) Depreciation, amortisation and impairment of non-financial assets 3/8 (206,988) (221,113) Poker machine expenses (70,229) (68,026) Members amenities (99,659) (97,305) Advertising & Promotion (113,877) (81,000) Insurance expense (39,365) (42,322) Repairs & Maintenance expense (121,152) (131,898) Utilities & Occupancy (115,989) (104,736) Other expenses from ordinary activities (827,102) (947,441) Finance Costs (interest on loans) (40,834) (46,482) Finance Income (interest received) 2 1,351 5,660 Profit/(Loss) Before Tax (39,176) 148,587 Tax Expense 0 0 Profit/(Loss) for the year from continuing operations (39,176) 148,587 Profit for the year from discontinued operations 0 0 Profit/(Loss) for the year 3 (39,176) 148,587 Other Comprehensive Income 0 0 Total Comprehensive Income (39,176) 148,587 The accompanying notes form part of these financial statements.

15 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED A.B.N STATEMENT OF COMPREHENSIVE INCOME BY COST CENTRE FOR THE YEAR ENDED 30 JUNE 2017 Club Operations Bar Trading Bar Sales 1,121,815 1,183,899 Cost of Goods Sold (492,341) (516,826) Other Expenses (20,377) (23,178) Total Net Income/(Loss) from Bar 609, ,895 Gaming Gross Takings/Commission Received 4,165,002 4,795,403 Gaming Payouts (2,635,542) (3,085,530) Other Expenses (401,470) (412,167) Total Net Income/(Loss) from Gaming 1,127,990 1,297,706 Functions & Promotions Revenue 126, ,722 Expenses (117,504) (106,289) Total Net Income/(Loss) from Functions & Promotions 8,531 17,433 Interest Received & Investment Property Interest Received 1,351 5,660 Rental Income 0 0 Rental Expenses 0 0 Total Net Income/(Loss) from Interest Received & Investment Property 1,351 5,660 Membership Membership Subscriptions 10,840 17,309 Total Net Income/(Loss) from Membership 10,840 17,309 TOTAL NET INCOME/(LOSS) FROM CLUB OPERATIONS 1,757,809 1,982,003 Cleaning, Repairs & Maintenance (121,152) (131,898) Depreciation Expenses (92,456) (128,275) Employment Expenses (889,934) (869,934) Profit on Sale of Investment Property 0 0 Occupancy Costs (115,989) (104,736) Other Operating Expenses (577,454) (598,573) NET PROFIT/(Loss) (39,176) 148,587 The accompanying notes form part of these financial statements.

16 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED A.B.N STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30TH JUNE 2017 Retained Earnings General Reserve Revaluation Reserve Members Equity Total Equity 30 June ,555,598 1,300,357 1,352,713 5,208,668 Adjustments (91) (91) Net Profit/(Loss) 2016/2017 (39,176) 0 0 (39,176) Other Comprehensive Income Total Comprehensive Income (39,176) 0 0 (39,176) Total Equity 30 June ,516,331 1,300,357 1,352,713 5,169,401 Retained Earnings General Reserve Revaluation Reserve Members Equity Total Equity 30 June ,407,011 1,300,357 1,352,713 5,060,081 Net Profit/(Loss) 2015/ , ,986 Other Comprehensive Income Total Comprehensive Income 148, ,986 Total Equity 30 June ,555,997 1,300,357 1,352,713 5,209,067 The accompanying notes form part of these financial statements.

17 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED A.B.N Cash Flows from Operating Activities: STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2017 Note Receipts from Customers 3,011,079 3,499,922 Interest Received 1,351 5,660 Interest Paid (40,834) (46,482) Less Payments to Suppliers and Employees (2,758,872) (3,013,567) Net Cash Provided by Operating Activities 15(b) 212, ,533 Cash Flows from Investing Activities: Bank loan / Borrowings / Hire Purchase (63,872) (47,692) Payment for Property, Plant & Equipment (370,943) (476,567) Investment property sale 0 0 Net Cash Provided by (used in) Investing Activities (434,815) (524,259) Cash Flows from Finance Activities 0 0 Net Cash Provided by (used in) Financing Activities 0 0 Net increase (decrease) in cash held (222,091) (78,726) Cash at beginning of financial year 655, ,836 Cash at End of Year 15(a) 433, ,110 The accompanying notes form part of these financial statements.

18 NORTHMEAD BOWLING, RECREATION AND SPORTING CLUB LIMITED A.B.N NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 Northmead Bowling, Recreation and Sporting Club Limited is a Not For Profit company limited by guarantee, incorporated and domiciled in Australia. The financial statements were authorised for issue on 27 September 2017 by the directors of the company. 1. Summary of Significant Accounting Policies The directors have prepared the financial statements on the basis that the company is a non-reporting entity because there are no users who are dependent on its general purpose financial statements. These financial statements are therefore special purpose financial statements that have been prepared in accordance with the mandatory Australian Accounting Standards applicable to entities reporting under the Corporations Act 2001 and the significant accounting policies disclosed below, which the directors have determined are appropriate to meet the needs of members. Such accounting policies are consistent with those of previous periods unless stated otherwise. The financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs except for land and buildings that have been measured at fair value. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless stated otherwise. The amounts presented in the financial statements have been rounded to the nearest dollar. The following is a summary of the significant accounting policies adopted by the club in the preparation of this report. (a) Income Tax The directors have self-assessed the club as exempt from the payment of income tax. Accordingly, the Directors have not provided for any income tax in the accounts. (b) Inventories Inventories are measured at the lower of cost and net realisable value. (c) Revenue Recognition All revenues are recognised on an accruals basis excluding Membership Subscriptions. All revenue is stated net of the amount of goods and services tax.

19 Statement of Accounting Policies (Continued) (d) Borrowings Bank loans are recorded at an amount equal to the net proceeds received less principal repayments. Short term payments are recorded for principal amounts only, as interest is payable on maturity of the bill facility. (e) Goods and Services Tax (GST) Revenue, expenses, assets and liabilities are recognised net of the value of GST. Except for, Accounts Payable and Receivable which are recorded GST inclusive. (f) Property Freehold land and buildings are measured on the fair value basis, being the amount for which an asset could be exchanged between knowledgeable willing partners in an arm s length transaction. It is the policy of the company to have an independent valuation every three years, with annual appraisals being made by the directors. The land and clubhouse were re-valued by independent valuation expert, Ben Hill of Global Valuation Services in May This is the valuation adopted this year. (g) Plant and Equipment Plant and equipment are measured on the cost basis less Accumulated Depreciation. The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount of those assets. The recoverable amount is assessed on the basis of expected net cash flows which will be received from the assets employment and subsequent disposal. The expected net cash flows have not been discounted to present values in determining recoverable amounts. (g1) Poker machines- Intangible assets represent twenty (20) license entitlements and the entitlements are valued at cost. Another twenty eight (28) entitlements are allocated to the company at no cost. The directors have reviewed the overall numbers and value of the entitlements and determined that these are not in excess of recoverable amount. (h) Depreciation The depreciable amount of all fixed assets including capitalised leased assets, but excluding building and freehold land, are depreciated on a either a diminishing value or straight line basis over their estimated useful lives to the entity, commencing from the time the asset is held ready for use. The rates used for each class off asset are as follows: Poker Machines 20% Furniture and Fittings 13 to 20% Plant and Equipment 13 to 20% (i) Impairment of Assets At each reporting date the company assesses whether there is any indication that any individual assets are impaired. Where impairment indicators exist, recoverable amount is determined and impairment losses are recognised in the income statement where the asset s carrying value exceeds its recoverable amount. Recoverable amount is the higher of an asset s fair value less costs to sell and value in use.

20 Statement of Accounting Policies (Continued) (j) Employee Entitlements Provision is made for the liability for employee entitlements arising from services rendered by employees to balance date. Employee entitlements expected to be settled within one year together with entitlements arising from wages and salaries and annual leave will be settled after one year, have been measured at their nominal amount. A liability for long service leave is recognised as the value of estimated future cash outflows to be made in respect of services provided by employees up to the reporting date. Contributions are made to an employee superannuation fund and are charged as expenses when incurred. (k) Going Concern Basis of Accounting The financial report has been prepared based on current year results and directors future projections of the company operations. As at the report date, Current Liabilities exceed Current Assets by $20,039. In 2016, Current Assets exceeded Current Liabilities by $321,421. (l) Accounts Receivable and Other Debtors Accounts receivable and other debtors expected to be collected within 12 months of the end of the reporting period are classified as current assets. All other receivables are classified as non-current assets. A total amount of $7,500 from TJ Hollebone - Principal Ray White Northmead was written off as a bad debt during the current financial year. (m) Cash on Hand Cash on hand equivalents includes cash on hand and deposits held at-call with banks. (n) Comparative Figures Where required by Accounting Standards, comparative figures have been adjusted to conform with changes in presentation for the current financial year. When an entity applies an accounting policy retrospectively, makes a retrospective restatement or reclassifies items in its financial statements, a statement of financial position as at the beginning of the earliest comparative period must be disclosed. (o) Accounts Payable and Other Payables Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the company during the reporting period which remain unpaid. The balance is recognised as a current liability with the amount being normally paid within 30 days of recognition of the liability. (p) New Australian Accounting Standards issued but not yet effective Australian Accounting Standards that have been recently issued or amended but are not yet effective have not been applied to the financial report. The directors have reviewed the standards and determined that these will not have a material impact on the Entity s financial position and performance, however increased disclosures will be required in the Entity s financial statements.

21 NOTES TO FINANCIAL STATEMENTS for the YEAR ENDED 30 JUNE 2017 (Continued) REVENUE Operating Activities Sale of Goods 1,121,816 1,183,899 Interest 1,351 5,660 Rendering of Services 1,518,640 1,699,979 Other revenue 339, ,904 Non-Operating Activities Sale of Investment Property 0 0 2,980,844 3,269, PROFIT FROM ORDINARY ACTIVITIES Profit/(Loss) from ordinary activities after: (39,176) 148,587 Expenses: Depreciation of property, plant & equipment 206, ,113 Auditing Services (GST Inc.) 11,000 13,261 Bar Stocktake 0 0 Rental on poker machines CASH ASSETS Cash on Hand 60,000 60,000 Cash at Bank 367, ,457 Cash in Transit 5,029 5,653 Total Cash 433, , RECEIVABLES CURRENT Other Debtors 33,041 16, CURRENT INVENTORIES Stock on Hand - Bar 26,491 28,717 Stock on Hand Bowls Equipment & Attire 6,658 12,199 Total Stock 33,149 40, OTHER CURRENT Deposits Paid 7,295 1,591 Prepaid Expenses 58,706 46,656 Accrued Income 272 5,024 Tab/Keno Money Held in Safe 3, ,158 53,271 NON CURRENT Borrowing Expenses 0 2,332

22 NOTES TO FINANCIAL STATEMENTS for the YEAR ENDED JUNE (Continued) 8. PROPERTY, PLANT & EQUIPMENT Land & Buildings Land (Club) at opening valuation 825, ,000 Add: Revaluation* 975, ,000 Land (Club) closing Valuation 1,800,000 1,800, Property & Improvements (Club) Opening Valuation 1,950,000 1,950,000 Add: Revaluation* 550, ,000 Additions at cost 30/6/ Additions at cost 30/6/ ,447 19,447 Additions at cost 30/6/ , ,584 Less: Accumulated Depreciation (1,814) (1,814) Less: Additions consolidated on valuation* (175,217) (175,217) Property & Improv ts (Club) Closing Valuation 2,500,000 2,500, Leasehold Improvements at cost (Unfinished) 92,089 11,720 Leasehold Improvements at cost (Finished) 70,165 0 Less: Accumulated Depreciation (573) 0 Leasehold Improvements closing Valuation 161,681 11,720 Total Land, Buildings and Leasehold Improvements* 4,461,681 4,311,720 Plant & Equipment 1. Plant & Equipment at cost opening balance 1,505,593 1,389,545 Less: Accumulated Depreciation (1,351,503) (1,263,139) Add: Additions 121, , , , Furniture & Fittings at cost 353, ,778 Less: Accumulated Depreciation (268,819) (241,394) Add: Additions 12,833 15,556 97, , Poker Machines at cost opening balance 1,501,520 1,211,602 Less: Accumulated Depreciation (1,171,010) (1,089,079) Add: Additions 78, , , , Software & Hardware (IT) at cost opening balance 50,363 50,363 Less: Accumulated Depreciation (51,186) (42,491) Add: Additions 7, ,927 7,872 *The land and clubhouse were revalued by an independent valuation expert, Ben Hill of Global Valuation Services in May The next valuation is due by June 2018

23 NOTES TO FINANCIAL STATEMENTS for the YEAR ENDED 30 JUNE 2017 (Continued) NOTE 8 CONTINUED Courtesy Bus at cost 18,000 18, Motor Vehicles at cost 12,000 12,000 Less: Accumulated Depreciation (30,000) (30,000) 0 0 Total Plant & Equipment 789, ,707 Total Property, Plant & Equipment 5,250,955 5,086, INTANGIBLE ASSETS Poker machine entitlements at cost 534, , ACCOUNTS PAYABLE CURRENT Trade creditors 235, ,722 Accrued expenses 41,078 43,883 Unearned revenue 13,125 17, BORROWINGS CURRENT 290, ,230 TAB / Keno Clearing A/C 4, Loan ANZ Principal & Interest 107,933 41,874 Hire Purchase 27,445 34,391 Loans Insurance funding 34,255 29, , ,772 NON-CURRENT Loan CBA Interest Only Loan 0 0 Loan CBA Better Business Bill 0 0 Loan ANZ Interest Only (P&I from Sep 2016) 510, ,000 Loan ANZ Principal & Interest 70, ,132 Hire Purchase , , PROVISIONS CURRENT Provision for holiday pay 91,912 67,117 Provision for long service leave 33, ,218 67,117 NON-CURRENT Provision for long service leave 15,294 30,877 Aggregate employee entitlement liability 140,512 97,994

24 NOTES TO FINANCIAL STATEMENTS for the YEAR ENDED JUNE (Continued) 13. MEMBERS GUARANTEES The company is limited by guarantee. In the event of the company being wound up, the Constitution states that each member is required to contribute a maximum of $10 each towards meeting any outstanding obligations of the company. As at 30 June 2017, the number of members was 3,231 (2016 3,081) - See Note on Page RESERVES Asset Revaluation Reserve 1,352,713 1,352,713 General Reserve 1,300,357 1,300,357 2,653,070 2,653, SUB CLUBS The total cash at bank balance for all Sub-Clubs as at 30 June 2017 was $34,635. The total amounts are not included in the club figures however going forward in the accounts thereafter they will be included through profit and loss and the bank balances added.

25 NOTES TO FINANCIAL STATEMENTS for the YEAR ENDED JUNE (Continued) 15. NOTES TO THE STATEMENT OF CASH FLOWS (a) Reconciliation of Cash Cash at the end of the financial year as shown in the statement of cash flows is reconciled to the related items in the balance sheet as follows: Cash on hand 60,000 60,000 Cash in transit 5,029 5,653 Cash at bank - Main Account 367, ,457 Total Cash 433, ,110 (b) Reconciliation of net cash provided by operating activities to profit from ordinary activities after income tax Operating profit/(loss) after income tax (39,176) 148,587 Non-cash flows in profit from ordinary activities Depreciation 206, ,113 Changes in Assets and Liabilities Decrease (increase) in current inventories 7,767 (14,011) Decrease (increase) in receivables (16,798) 51,938 Decrease (increase) in prepayments (12,049) 10,348 Decrease (increase) in fixed/other assets (2,505) 72,117 Increase (decrease) in payables 18,874 (54,863) Increase (decrease) in other liabilities 7,465 (4,202) Increase (decrease) in provisions 42,158 14,506 44,912 75,833 Cash Flows from Operations 212, ,533

26 NOTES TO FINANCIAL STATEMENTS for the YEAR ENDED JUNE (Continued) 16. FINANCIAL INSTRUMENTS Interest Rate Risk The club 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 rate on those financial assets and financial liabilities are as follows: 2016 / 2017 Note Floating Interest Rate Financial Assets Cash & Cash Equivalents Fixed Interest Rate 1 year or less Fixed Interest Rate 1 5 years Non- Interest Bearing Total 4 367,990 65, ,019 Receivables 5 33,041 33,041 Total Assets 367, , ,060 Financial Liabilities Trade & Other Creditors , ,743 Liabilities 11 61,700 61,700 Borrowings , ,651 Total Liabilities 688,651 61, , ,094 Weighted Ave. 5.7% 5.7% 5.7% interest rate Net Financial Asset (320,661) (61,700) 0 (138,673) (521,034) 2015 / 2016 Note Floating Interest Rate Financial Assets Cash & Cash Equivalents Fixed Interest Rate 1 year or less Fixed Interest Rate 1 5 years Non- Interest Bearing Total 4 589,457 65, ,110 Receivables 5 16,243 16,243 Total Assets 589, , ,353 Financial Liabilities Trade & Other Creditors , ,722 Liabilities 11 63,489 63,489 Borrowings , ,106 Total Liabilities 747,106 63, ,722 1,020,317 Weighted Ave. 4.7% 4.7% 4.7% interest rate Net Financial Asset (157,649) (63,489) 0 (127,826) (348,964)

27

28 Audit Services Level York Street Sydney NSW /142 James Ruse Drive Parramatta NSW 2150 PO Box 419 Parramatta NSW 2124 T F E mail@ycg.com.au ABN Northmead Bowling, Recreation and Sporting Club Limited Independent Audit Report to the members of Northmead Bowling, Recreation and Sporting Club Limited Report on the Audit of the Financial Report Qualified Opinion We have audited the financial report of Northmead Bowling, Recreation and Sporting Club Limited (the Company), which comprises the statement of financial position as at 30 June 2017, the statement of comprehensive income, the statement of changes in equity and the statement of cash flows for the year ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors' declaration. In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of our report, the accompanying financial report of the Company is in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the Company's financial position as at 30 June 2017 and of its financial performance for the year ended; and (ii) complying with Australian Accounting Standards and the Corporations Regulations Basis for Qualified Opinion We were appointed as auditor of the entity on 2 March 2017 and did not perform an audit of the entity as at 30 June 2016 or for the financial year then ended. We were unable to satisfy ourselves by alternative means concerning opening balances as at 1 July Since opening balances enter into the determination of the financial performance and cash flows, we were unable to determine whether adjustments might have been necessary in respect of the income for the year reported in the statement of profit or loss and comprehensive income and the net cash flows reported in the statement of cash flows. Hence, our opinion is qualified with respect to opening balances as at 1 July 2016 and the statement of profit or loss and comprehensive income and statement of cash flows for the financial year ended 30 June We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described as in the Auditor's Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board's APES 110 Code of Ethics for Professional Accountants (the code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor's report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion. Liability limited by a scheme approved under Professional Standards Legislation

29 Emphasis of Matter Without further qualification to the opinion expressed above, attention is drawn to the following matter. As described in Note 2(k) of the financial report, as at 30 June 2017, the Company had net current liabiities of $20,039 and also recorded a loss of $39,176 for the financial year then ended. Based on the fact that the Company is in a net asset position of $5,169,401 as at 30 June 2017, and is projected to be profitable and cash flow positive for the financial year ended 30 June 2018, the Directors are of the view that the Company will continue as a going concern. If such forecasted results do not materialise, there is some uncertainty as to whether the entity will be able to continue as a going concern and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial report. Responsibilities of Directors 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 gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report, the directors are responsible for assessing the the Company s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Auditor's Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. Your sincerely, YCG Audit Services Pty Limited Simon Joyce Director Parramatta 27 September 2017

30 Audit Services Level York Street Sydney NSW /142 James Ruse Drive Parramatta NSW 2150 PO Box 419 Parramatta NSW 2124 T F E mail@ycg.com.au ABN Northmead Bowling, Recreation and Sporting Club Limited Auditor's Independence Declaration under Section 307C of the Corporations Act 2001 to the Directors of Northmead Bowling, Recreation and Sporting Club Limited I declare that, to the best of my knowledge and belief, during the year ended 30 June 2017, there have been: i. no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and ii. no contraventions of any applicable code of professional conduct in relation to the audit. Kind regards, YCG Audit Services Pty Ltd Simon Joyce Director Parramatta 27 September 2017 Liability limited by a scheme approved under Professional Standards Legislation

31 NORTHMEAD MEN S BOWLING CLUB REPORT Thanks to a proactive, visionary and dedicated Board of directors & Bowls Committee, NBC Sports Club continued to break new ground and enjoyed a most productive and fulfilling After losing 16 members due to relocation and some giving the game away to concentrate on kid s sport & work commitments, recruitment remained a major priority and the pennant & information launch got the year away to a good start. Sponsorship & barefoot bowls has been a major focus to secure the boards plan with becoming the No1 bowls Club in Zone 10 and the best club we can possibly be in NSW. I m pleased to say that the sponsorship has now reached over $50,000 a year and the barefoot bowls has increased dramatically with over 3,000 barefoot bowlers kicking there shoes off and using our greens in 2016 and looking likely to increase in The board & management have now implemented the final works for the kids Backyard which will be a major factor for NBC Sports Club continuing its strong support of competitive and competition bowls. In early 2017 we were hit with the devastating news of the passing of Arthur Groves. Arthur was a NBC Sports Club life member, legend of the game and just a great bloke. I would like to pay special mention of the influence Arthur had on me in the short time I knew him and the major impact he had on all bowlers and members at NBC Sports Club. I know every game of pennants we played this year he was looking over our shoulder and he would have been so proud of our results in The 2017 pennants were a highlight at NBC Sports Club winning 4 Zone 10 Pennant flags out of our 6 pennant teams entered. NBC Sports Club has come a long way since 2015 graduating from grade two to grade one and becoming a major force in NSW bowls. Our results were as follows Grade One Zone 10 Champions Grade Two Last in Zone 10 Grade Four Second in section Grade Five Zone 10 Champions Grade Six Zone 10 Champions Grade Seven Zone 10 Champions I would like to make special mention of our grade two team who were a major factor of NBC Sports Club winning four pennant flags. Without great club men and top blokes like our grade two players we would not have had the success that we did Club Championship Results Major Singles: Major Pairs: Triples: Major Fours: Shannon White Shannon White & Matthew Phillips To be completed Zeljko Trbara, Jordan Peisley, Mick Kelly & Garry Smith David Swindail Fours: Brett Hughes, Scott Barr, Kevin Roustan & Ken Ellis Reserve Fours: Reserve Pairs: Minor Singles: Fred Lloyd, Rick Gordon, Scott Lloyd & John Rodgers Ken Brown & Stephen Rochester Jordan Peisley

32 Novice Singles: Alex Martin I would like to thank the Match/Selection Committee for their efforts over Whilst it was a difficult year it was a very rewarding year. A big thank you to our green staff for the excellent job they do of providing our member of quality greens every week. I would like to thank President Dilys Kindleysides and her committee for the proactive work they have been doing. I m sure the ladies bowling club is in good hands as they continue to try and recruit new lady bowlers. Brett Hughes Bowls and Events Manager NORTHMEAD WOMEN S BOWLING CLUB REPORT We have faced many challenges during the year, with each member of the executive and respective committees contributing with practical, positive solutions, as they always do when supporting our club. They each put great effort into their voluntary roles and they are all doing a sterling job. Our inexperienced executive team prepared the amended constitution and by-laws for ratification and assisted with the preparation and organization of the 60 th anniversary: two major items in any calendar. Moving with the times, we have prepared a new logo to represent our club, as well as marketing ourselves by placing an advertising banner in the main club area. The main event this year was the 60 th Anniversary celebrations, held on 22 nd June. The organising committee produced a very successful event. Over half our club members volunteered in some capacity to ensure the success of the day. We had a WBNSW State Representative visit for the first time in several years. Media coverage occurred in two local newspapers. This year our club has hosted the Region 16 Challenge, Mitchell District Singles, District Triples and the District Gala Presentation Day. We also held our regular events: Barbara Anderson Day, charity fundraising, Ham and Turkey Carnival and the Christmas Party which were all enjoyed by everyone who took part. Our fundraising focused on Willow Tree Bowling Club, which was razed to the ground early this year. The social committee was able to take a well earned rest at the May Day Carnival organised and run by the men s club, led by Bowls and Events Coordinator Brett Hughes. Having the men run the whole event including serving meals was a first for the club and demonstrates how both clubs are working well together. Brett has been extremely supportive in so many ways giving practical help as well as advice and information and our thanks go out to him. There have been regular meetings with NBC President Norm Muir, General Manager Keith Smith and Operations Manager Rod Gordon, where a wide range of issues have been addressed. These covered big picture items such as discussing meetings between WBNSW and RNSWB and plans for the future, our member facilities such as changes to the ladies locker room, which included moving a wall, painting the room, removing some lockers, cleaning the carpet and erecting a notice board and other general management issues such as ensuring we have access to all bowling facilities as and when required. The cooperation and support of our main club: NBC Sports Club is greatly appreciated. This year saw a full complement of members on the selection committee. Forming teams for Pennants can be stressful and it wasn t made easier this year with players suddenly unable to play for various reasons. We started off the season well but unavailable players and poor weather didn t help us and sadly we missed out on a flag this year. Thankyou, selectors, for your hours of volunteer work in the office, doing the core business related to our sport. Without selectors, we can t play bowls.

33 We can t play without umpires either. We currently have three: Bev Keene, Ursula Killow and Dilys Kindleysides. I thank them for their work in umpiring. Recently Dilys Kindleysides became our only club coach. At district level, our club members hold positions of vice president, delegate, selector, chair of selectors, and communications officer. At state level we have a member who is on the WBNSW governance committee Club Championship Results Major Singles Championship Winner: Ann Hawkins Runner Up: Ursula Killow Pairs Championship Winners: Kerry Dorahy & Alfreda South Runners Up: Janet Britnell & Pam Porter Triples Championship Winners: Leanne Patterson, Denise Campbell & Noreen Sneddon Runners Up: Vicki Robertson, Jan Whittington & Sylvia Shipley Fours Championship Winners: Leanne Patterson, Patricia Nichols, Denise Campbell & Noreen Sneddon Runners Up: Joy Dennis, Elizabeth Alexander, Roslyn Clarke & Pam Marney Minor Singles Winner: Dilys Kindleysides Runner Up: Margaret Stewart In the District Championship s the Open Fours was won by Leanne Patterson, Patricia Nichols, Denise Campbell and Noreen Sneddon. They went on to win the Regional play offs and will play in the State play offs in October. Several Northmead players gained selection in district and regional representative teams throughout the year. They included: Denise Campbell, Roslyn Clarke, Patricia Nichols, Noreen Sneddon and Cheryl Thompson. Thank you to those who have given time to help our club this year: as marker for a game, volunteer with try bowls groups, umpire, tea maker, coach, committee member, team manager or a sympathetic ear to someone who came second. Each has stepped up to support our great club. There will be many new challenges ahead and I feel confident we will work as a team to move forward and continue making our club stronger in all areas of bowls. To our sponsors Winston Hills Mall, Michael Tolar Pharmacy Northmead and NBC Sports Club, thank you for your support. Finally, I d like to thank the management and board of NBC Sports Club for their ongoing assistance and support in the running of NWBC. Dilys Kindleysides President.

34 NORTHMEAD GOLF CLUB REPORT Another year has passed (they slip away so quickly now) and it is time for our Annual report. I am pleased to report that despite a difficult twelve months, the club itself is in good shape. Twelve out of thirteen games were played this year. The only washout was the overnight trip to Mittagong. The bad news was golf was a washout but it didn t dampen the nineteenth hole. After five years of duty as Club Captain, Scott Brooks stepped aside due to family commitments and Mick Linnell was elected as new Club Captain. Welcome aboard Mick and thanks to Scott for your diligent service. We also welcome five new members to the club: Norm Muir, Craig Stones, Paul Darcey, Greg Curby and Phil Cook. They have all fitted in nicely with the culture within the club. Our winners for the year are A Grade: B Grade: C Grade: Heath Parkin Owen Murray Matchplay: Happy. Shawn Lennox On a sadder note, last year we lost one of our foundation members and fifteen year President, Jack Oxley. The work Jack has done to build this club cannot be covered adequately in these pages but is reflected in the strong position the club is in as a direct result of the efforts of Jack Oxley. Vale Jack you are remembered fondly and missed often. If any member would like to join the Golf Club please contact either: President: Brad Campbell: Secretary: Scott Robinson: Captain: Mick Linnell: Cheers and good health. Brad Campbell President. NORTHMEAD ANGLERS REPORT For those who are unaware, we are mainly a trailer boat fishing club that fish on a monthly basis as per our calendar. The weigh-ins are held in the BBQ area of NBC Sports Club, except in February, June and September where we have weekends away at Greenwell point. We fish to current NSW size / bag limits and we have a bag limit of 10 per specie where NSW bag limits are greater than 10. Yet again this year we have seen a variety of conditions, which have been fished by the dedicated and the fair weather fisherman alike. Our anglers have fished from the wharf, in the rivers and out on the ocean. While there is the competition at the end of a weekend, there is always a spirit of comradery whilst out on the water. Whether it be letting others know where the fish are biting or simply by helping a mate out.

35 There have been some nice catches of quality fish throughout the year, including snapper, mulloway, pearl perch, teraglin, pigfish, pinkies, kingfish, bream and of course flathead. Current 2016/17 champions Angler of the year: Open Angler of the year: Estuary Angler of the year: Lady Angler of the year: Junior Angler of the year: Charter boat angler of the year: Wayne Chown Wayne Chown Todd Chown Lani Ridsdale Daniel Smith Neil Williams With the completion ending in October the scores are tight and will go down to the last weekend of fishing. The 2017/18 competition begins in November with a 5:00pm weigh-in on Sunday the 12 th. I can inform you that in the near future that our club will have a page on the mother club s website. With this link hopefully we can attract further members, especially some juniors to be the next generation. I would like to say thank you to all members and visitors of NBC Sports Club who support our Tuesday night raffles and our monster raffle. Also, a big thank you to our dedicated committee who run the club events. And lastly but certainly not least to the members of our club, because without you there would be no club. We are friendly little club who encourages and practises responsible fishing and boating. Should you wish further information please feel free to contact us via (northmeadanglers@hotmail.com) or drop in on a Tuesday night. Unlike the fish we don t bite. Please stay safe on both the water and on dry land, cheers. Darren Smith President.

36 CLUB SPONSORS On behalf of all the members of the club we thank and recognise the valued input from our sponsors and trust that all members will support their organisations at every opportunity. GOLD SPONSOR Globe Memorial Company (Peter Darroch) SILVER SPONSORS Starr Partners Parramatta Lady Anne Funerals Nifty Homes Asahi Beverages NSW Poker Machines BRONZE SPONSORS Storage King North Parramatta McFarlands Quality Meats Winston Hills Mall Bryce Pest Control Tyre King Modemedia Maze. 166 Windsor Road Northmead NSW 2152 P E info@nbcsportsclub.com.au TRADING HOURS Mon Tues Wed Thur Fri Sat Sun 9.30am 9.30am 9.30am 9.30am 9.30am 9.30am 9.00am pm 11.00pm 11.00pm 11.00pm 12.00am 12.00am 10.00pm FOLLOW US *trading hours are subject to change Our Club promotes Responsible Service of Alcohol in the best interest of its members, guests, staff and the community. Responsible serving of alcohol is vital for legal, health and community reasons. Our society is now less tolerant of the irresponsible use of alcohol that leads to drunkenness, drink driving, unacceptable behaviour and under-age drinking.