In preparing the financial report, management is responsible for assessing the Club’s ability tocontinue as a going concern, disclosing, as applicable, matters related to going concern and using thegoing concern basis of accounting unless management either intends to liquidate the Club or to ceaseoperations, or has no realistic alternative but to do so.Those charged with governance are responsible for overseeing the Club’s financial reporting process.Auditor’s Responsibilities for the Audit of the Financial ReportOur objectives are to obtain reasonable assurance about whether the financial report as a whole isfree from material misstatement, whether due to fraud or error, and to issue an auditor’s report thatincludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee thatan audit conducted in accordance with the Australian Auditing Standards will always detect a materialmisstatement when it exists. Misstatements can arise from fraud or error and are considered materialif, individually or in the aggregate, they could reasonably be expected to influence the economicdecisions of users taken on the basis of this financial report.A further description of our responsibilities for the audit of the financial report is located at the Auditingand Assurance Standards Board website at: http://www.auasb.gov.au/Home.aspx. This descriptionforms part of our auditor’s report.Bentleys SA Audit PartnershipDAVID PAPAPARTNERDated this 24th day of May 2018
Five Year Summary 2014 2015 2016 2017 2018 2019Membership 528 553 577 568 537 3,590Category One 364 349 313 320 316 359Category Two 146 147 154 164 174Honorary Social Members 453 488 505 491 462 $3,949Other Member Categories 1,491 1,537 1,549 1,543 1,489Total Members 2,940 3,087 3,241 3,371Subscription Rate (excl. levies) 2,800 294 309 324 337Add GST 280Total $3,234 $3,396 $3,565 $3,708 $3,080 $,000 $,000 $,000 $,000Trading Results $,000Subscriptions 2,759 2,859 3,012 3,048Other Trading Income 2,662 598 973 1.007 1.098Other Income 528 82 92 72 71 101 3,439 3,924Total Income 3,262 3,551 3,945 4,090 4,247Less Total Expenses 3,475 4,210 4,406 (112) (21)Operating Surplus/(Deficit) (213) 280 261 (120) (159)Add Entrance Fees 334 - 247 174Kooyonga Foundation Contribution - - 475 -Women’s Australian Open 168 240 602 (117)Total Surplus/Deficit 121 (102)Annual Report 2017/18 Page 50
The Kooyonga Foundation Annual Report 2017 - 2018
The Kooyonga Foundation Inc.Annual ReportThe members below have been admitted to the following membership categoriesto recognise their financial support and commitment to the Foundation Companion Member Walford & Sue Thyer Trustee MemberKen & Joan Babidge Angas Hains Pauline SandersonBruce Bavistock* Bill & Yvonne Johnson Ian SargentRoss Dillon Peter Leaney* Ann SaundersBrian Fricker* David McKee Dean & Margaret SouthwoodJohn & Merrilyn Garrett Peter & Sandy Robinson Grant Raymond Fellow MemberGary Allison Tim Cooper Roger Drake Stephen & Gill Hicks Bill Rymill^John Bishop Gerald & Sue Cox Linda Ferris Mark Irwin Kym SawersRichard Blandy Judy Crafter Trish Fricker^ Maurice Klemich* Bardie SimpsonKathy Booth Grant Crowhurst William Frogley Keith Lewis* Bruce SpanglerQuentin Brown Zoe Daw^ Damian Gallagher Peter Noblet Jim Sweeney^Tony Carrig Bill Dawson Roma Grant* Rex Pearlman Darren ThomasJohn Clayton^ Robert Day Gail Hamilton Jeff Rogers Shirley Uhrig^Andrew Cohen Pam Dixon Peter Hewitt Don Rutherford Mark Wood MemberColin Alexander Elizabeth Esselbach John Harvey Wendy Mann Tim SennettDeb Alexander Ann Ewer Colin Hastwell Anne Marshall Ian Southwood Terry Anderson Christine Flynn Elizabeth Heath Greg May Allen StanleyDavid Baker John Frogley Geoffrey Heithersay Marg Mcleay Lynn Stewart Diane Bamford Merry Frogley Henry Heuzenroeder Ray Michell Missie Stokes Frank Bamford Geoff Fry Alan Hill Keith Middleton Anne Sved WilliamsNeil Beagley Sue Fuller Wayne Jackson Kayoko Miki Tony TimminsJohn Blunden Allan Gilbert Elizabeth Jackson Suzanne Moffatt Bob Townsend Libby Broomhead Heather Gilbert Skye Jarvis Harry Moore Jillian TrenordenRos Brown Michael Gilchrist Michael Johnston Alex Morkunas Neil Tuckwell Barbara Burnet Mark Goddard Peter Johnston John Muller Con Vanco Terry Burns Barbara Gower Bill Jolley Melissa Nelligan Penny Wark Helen Burvill Quentin Gower Anita Just Tossie Nitschke Ian Watson AM Stephen Carapetis Fay Gulliver Geoff Kay Steve Officer Tony Williams Judith Carrig Christine Gunn David Klingberg Craig Parsonage Allan Winter Gary Chenoweth Colin Hackett Theo Kruys Andrew Pontifex Ian Wong Karen Chenoweth Malcolm Hall Adrian Lacey Allan Pring Richard Wood Dean Clayton Bob Hall Virginia Lacey Carrol Reynolds Timothy Wood Tom Davies Pamela Hall Grant Laidlaw Barbara Rogers Robert Young Rodger Daw David Hall Helen Laidlaw David Rowe Ian Day John Hamilton Dennis Laundy Ken Russell Colin Dunsford Mary Hammer Sue Lawrie Neil & Sally Sarah Helen Egar Sally Hammer Sandra Lunn James Sargent *Deceased ^Past MemberAnnual Report 2017/18 Page 52
The Kooyonga Foundation Inc. Annual Report Kooyonga FoundationMembership CategoriesBenefactor $50,000 and aboveCompanion $25,000 and above $5,000 and above Trustee $1,000 and above Fellow $100 and above MemberThe Management Committee encourages all Club members to join the Foundation and support our aims, namely;• To promote the game of golf• To foster and encourage, by appropriate means, the involvement of young people in the game of golf• To promote and support the continued excellence of The Kooyonga Golf Club Inc• To act as trustee of any trust or fund established for the purposes of these objects or the objects of The Kooyonga Golf Club IncDuring the year the Management Committee, comprising myself as Chairman, Mr Gary Chenoweth, Mrs Di Bamford,Mrs Jill Trenorden, Mr Ross Dillon, Mr Ian Sargent, and ex officio Club Captain Dr Ken Russell, or his delegate, held fourmeetings. The General Manager, Mr Brett Lewis, attends meetings and provides valued input.The members of the advisory Sub-Committee for grant applications submitted to the The Kooyonga Foundation ProjectFund are: Mr Ross Dillon, Mrs Di Bamford representing the Management Committee, Mr Tim Sennett and Mrs Merry Frogleyrepresenting the pennant golfers, and Susie Matthews and Brett Lewis co-opted if necessary for administrative advice.The minutes of the Eleventh AGM of The Kooyonga Foundation Inc. held on Thursday 8 June 2017, were approved at theManagement Committee meeting on Wednesday 2 August 2017.In the coming year the Foundation will finalise the balance of $40,000 owed to Kooyonga for the capital cost of the buildingof the Foundation Golf Academy. With a growing capital available, the Foundation will continue to support future projectssuch as the clubhouse redevelopment to promote continuing excellence of Kooyonga. A direct project fund will soon bemade available through the Australian Sports Foundation for specific donations to the redevelopment.The Kooyonga Foundation have recently initiated a bequest society for members who share a similar vision for Kooyonga’sfuture. The Foundation would be honoured to welcome you to this special group by leaving a gift to Kooyonga in your Will.A confidential discussion can be arranged at any time with myself or Brett Lewis, General Manager to talk through how yourgift can enable our future planning. Bequest donors will be formally recognised through the recognition tiers already in placeat a 50% donation system.(continued overleaf) Annual Report 2017/18 Page 53
The Kooyonga Foundation Inc.Annual ReportFunds raised for the Kooyonga Foundation during 2017/18;$43,024 Raised in the 2017 Spartan Electrical Kooyonga Foundation Golf Day$17,850 Raised through the 2017 Kooyonga Foundation Annual Lottery$6,275 Raised through contributions, ticket pricing and the auction at the Foundation Twilight Dinner & Golf EventThe Foundation Golf Day held in October was again a highly successful event raising over $43,000. Thank you to all thesponsors, donors and participants, the event would not be the success it is without your involvement. This was the final yearof our 3 year contract with naming sponsor Spartan Electrical and we thank them for all their support in showcasing the golfday as our biggest fundraiser for the Foundation. We very much value the relationship we have built with Spartan Electrical andhope to continue this in the future.The second Foundation Twilight Golf and Dinner event with guest speaker Jane Crafter was held on Thursday 8 Februaryprior to the Women’s Australian Open. Over 120 people attended the event, with member Graeme Agars conducting anentertaining Q&A style interview with Jane. Thank you to the wine sponsor of the dinner, Shingleback wines, and to the donorsof the prizes in the raffle. Additional items were provided for the auction by Trevor Herden, Championships Director for theWomen’s Australian Open including a special ‘behind the ropes’ experience. On behalf of The Foundation, thank you Trevor.I wish to acknowledge the work of my enthusiastic Committee and their input to the management of The Foundation, and alsothe Foundation Golf Day Sub Committee with it’s co-opted members for the success of the 2017 event.The Foundation Committee aims to see all members of this great club join, donate, or consider bequests, for the success andfuture of Kooyonga, as exemplified in our mission statement, “our Foundation, our Future”.Walford ThyerChairmanThe Kooyonga Foundation Incorporated Annual Report 2017/18 Page 54
The Kooyonga Foundation Inc. Statement of Income and Expenditure for the Year Ended 31st March 2018BALANCE 1ST APRIL 2018 2017 $ $Income:Kooyonga Foundation Golf Day 107,086 460,823Annual Lottery and Other FundraisingFoundation Dinner Proceeds 43,024 30,058Members Donations 20,050 15,830Interest ReceivedDividends Received 6,275 5,060Nomination Fees 7,567 67,416Realised Market Value Movement on Investments 1,294Unrealised Market Value Movement on Investments 1,125 0 8,450Expenditure: 100 1,000Contribution to Kooyonga Foundation Golf Academy (397) (585)Coaching Fees (474)Expenses for Elite Competitions 0 127,880Honour Board Expenses 77,913Lottery and Raffle Prizes 475,000Trophies - 2,185Foundation Dinner and Ladies Open Guests 5,111 3,144Presentation Frames 1,525 -Annual Lottery Printing Costs 3,548 -Bank Fees 1,300 650BALANCE AS AT 31ST MARCH - - 1,320 286Statement of Assets & Liabilities 302as at 31st March 2018 - 50 306 251 481,617 13,361 107,086 171,638Macquarie Bank Balance as at 31 March 116,964 38,430ANZ Subordinated Notes valued as at 31 March - 70,097Sundry Debtor - Kooyonga Golf ClubSundry Creditor - Kooyonga Golf Club 54,674 (1,441) -BALANCE TO STATEMENT ABOVE 107,086 171,638 Annual Report 2017/18 Page 55
The Kooyonga Foundation Inc.Annual Report Annual Report 2017/18 Page 56
The Kooyonga Golf Club Inc May Terrace, LockleysPO Box 119, Brooklyn Park SA 5032 t 08 8352 5444 f 08 8234 0907 [email protected] www.kooyongagolf.com.au
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