Notes to and Forming Part of the Accounts THE KOOYONGA GOLF CLUB INCORPORATED For year ended 31 March 2021 NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 Note 7 - Property, Plant and Equipment 2021 2020 $ $ Freehold land & buildings (at cost) Less: Accumulated depreciation 14,965,308 7,561,759 (3,477,829) (3,167,204) Course development (at cost) 11,487,479 4,394,555 Less: Accumulated depreciation 2,151,133 2,053,923 Watering equipment (at cost) (1,355,570) (1,204,782) Less: Accumulated depreciation 795,563 849,141 Course building, plant & equipment (at cost) Less: Accumulated depreciation 1,770,411 1,711,230 (1,371,732) (1,302,713) Furniture, fittings & equipment (at cost) Less: Accumulated depreciation 398,679 408,517 Golf Shop Equipment & Buggies (at cost) 2,642,529 2,613,230 Less: Accumulated depreciation (1,829,492) (1,720,997) Right-of-use-asset 813,037 892,233 Less: Accumulated depreciation 2,815,249 1,263,101 Residential Property (Building) (573,530) (884,250) Less: Accumulated depreciation 2,241,719 378,851 The residential land is recorded under freehold land totalling $1,100,849 Total property, plant and equipment 400,782 398,778 (232,484) (191,054) 168,298 207,724 347,686 255,196 (31,179) (214,969) 316,507 40,227 225,000 (2,250) - - 222,750 - 16,444,032 7,171,248 Note 7(a) -Movement in Carrying Amounts Land & Course Watering Course P&E & Furniture & Golf Shop Right of Use Residential Buildings Develop Fittings Property Equip Buildings Equip Asset Total $ $ $ $ $ $$ $$ Balance at beginning of 4,394,555 849,141 408,517 892,233 378,851 207,724 40,227 - 7,171,248 the year 7,830,291 97,210 59,181 68,694 2,031,896 4,339 316,972 225,000 10,633,582 (308,761) - - (170) - Additions (428,606) (69,019) (14,588) - - (323,519) Disposals (150,788) (147,720) (154,440) (43,765) (40,692) (2,250) (1,037,279) Depreciation expense Carrying amount at the 11,487,479 795,563 398,679 813,037 2,241,719 168,298 316,507 222,750 16,444,032 end of the year Annual Report 2020/21 Page 49
Notes to and Forming Part of the Accounts For year ended 31 March 2021 THE KOOYONGA GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS 2021 2020 FOR THE YEAR ENDED 31 MARCH 2021 $ $ Note 8 - Capital Work in Progress 29,233 114,862 5 year plan course works - 3,891,402 Clubhouse Upgrade Other 93,778 12,691 123,011 4,018,955 Note 9 - Trade and Other Payables 476,670 240,898 TCHurEreKnOt OYONGA GOLF CLUB INCORPORATED 784,999 Trade payables - 226,298 Clubhouse upgrade payables 1,252,195 NSuOnTdErySpaTyOabAleNsDanFdOaRccMruINedGexPpAeRnsTesOF THE ACCOUNTS 230,818 FOR THE YEAR ENDED 31 MARCH 2021 707,488 Total Note 10 - Provisions Long Service Opening balance at 1 April 2020 Annual Leave Leave Additional provisions Taken during the year 178,248 151,461 329,709 Closing balance at 31 March 2021 60,587 282,792 222,205 (25,684) (202,394) Current: 186,364 410,107 Annual leave (176,710) Long service leave 223,743 2021 2020 $ $ Non-current: Long service leave 223,743 178,248 128,571 122,041 Note 11 - Borrowings 352,314 300,289 Current: 57,792 29,420 CBA Bank Loan - Clubhouse Upgrade CBA Bank Loan - Property 2021 2020 Kooyonga Foundation Loan $ $ Non-current: 500,000 402,771 CBA Bank Loan - Clubhouse Upgrade 24,527 - CBA Bank Loan - Property - Kooyonga Foundation Loan 250,000 774,527 402,771 a) BAonrrnouwainl gRseport 2020/21 Page 50 2,678,365 - 1,263,527 - - - 3,941,892 -
Additional provisions 222,205 60,587 282,792 Taken during the year (176,710) (25,684) (202,394) 223,743 186,364 410,107 2021 2020 Notes to and Forming Part of the AccountsClosingbalance at 31 March 2021 Current: For year ended 31 M$ arch 2$021 Annual leave 223,743 178,248 Long service leave 128,571 122,041 352,314 300,289 Non-current: 57,792 29,420 Long service leave Note 11 - Borrowings 2021 2020 Current: $ $ CBA Bank Loan - Clubhouse Upgrade CBA Bank Loan - Property 500,000 402,771 Kooyonga Foundation Loan 24,527 - - 250,000 774,527 402,771 Non-current: 2,678,365 - CBA Bank Loan - Clubhouse Upgrade CBA Bank Loan - Property 1,263,527 - Kooyonga Foundation Loan - - 3,941,892 - a) Borrowings The clubhouse bank debt has a facility limit of $5.5m as at 31st of March 2021 and is secured by Registered Mortgages over the Club's freehold property. At 1st of April 2021 the facility limit of the Clubhouse bank debt reduces to $5m with a renewal date of 31st of July 2022 at which time the loan terms will be renegotiated. The property bank debt has a facility limit of $1.263m as at 31st of March 2021 and is secured by Registered Mortgages over the Club's freehold property. This facility has a renewal date of 18th of December 2023 at which time the loan terms will be renegotiated. THE KOOYONGA GOLF CLUB INCORPORATED TaFNnhOOeyRTpKEaoTrSotHytETohnOeYgreaEAoAFNfoRaDutnEaFdnNOayDtRtioiEMmnDIelNo,3aGe1nitPMhiseAAlreRRanTttCtaOhHteFa2rne0Taq2Htu1EceasAltl oCbfaCsthOiseUaCnNlduTbiSsorretvhieewKeodoaynonnugaalFlyoounndthaetio3n1.st of March. The Club will repay the funds or Note 12 - Statement of Cash Flows Reconciliation of cash flow from operations with operating surplus/(deficit): Operating surplus/(deficit) 389,805 246,989 Non-cash items in operating surplus/(deficit) 1,037,279 891,648 Depreciation 319,113 (85) (Profit)/losses on sale of property, plant & equipment (57,698) Adjustment to Entrance Fees as a result of changes in accounting policy 41,321 (107,824) Changes in Assets and Liabilities Page 17 (55,017) (9,382) (Increase)/Decrease in receivables (58,659) 16,563 (Increase)/Decrease in other assets 704,365 16,981 (Increase)/Decrease in inventories 80,398 (291,130) Increase/(Decrease) in other liabilities 240,292 44,906 Increase/(Decrease) in provisions (47,815) Increase/(Decrease) in payables and accruals 2,492,054 909,996 Cash flow from operations Note 13 - Credit Standby Facilities A bank overdraft facility of $150,000 is available however at balance date no amount was drawn against this facility. The facility is Annual Report 2020/21 Page 51 secured by Registered Mortgages over the Club's freehold property.
(Profit)/losses on sale of property, plant & equipment 319,113 (85) Adjustment to Entrance Fees as a result of changes in accounting policy (57,698) 41,321 Changes in Assets and Liabilities Notes to and Forming Part of the Accounts(Increase)/Decrease in receivables (107,824) (9,382) (Increase)/Decrease in other assets (55,017) 16,563 (58,659) 16,981 For year ended 31 March 2021(Increase)/Decrease in inventories 704,365 (291,130) Increase/(Decrease) in other liabilities Increase/(Decrease) in provisions 80,398 44,906 Increase/(Decrease) in payables and accruals 240,292 (47,815) Cash flow from operations 2,492,054 909,996 Note 13 - Credit Standby Facilities A bank overdraft facility of $150,000 is available however at balance date no amount was drawn against this facility. The facility is secured by Registered Mortgages over the Club's freehold property. THE KOOYONGA GOLF CLUB INCORPORATED Note 14 - Remuneration of Committee Members NOTES TO AND FORMING PART OF THE ACCOUNTS FNOo RamToHuEntYs wEeArRe rEecNeDivEedDo3r1duMeAaRndCrHec2e0iv2a1ble from the Club by the Committee. Note 15 - Financial Instruments a) 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 rates on those financial assets and financial liabilities, is as follows: Weighted Floating Fixed Interest Rate Total Average Interest Rate Maturing Within Effective 1 Year Interest Rate 2021 2020 2021 2020 2021 2020 2021 2020 %% $ $ $ $ $ $ Financial Assets - 1.20 509,291 943,700 - - 509,291 943,700 Cash at bank -- - - - - - - Short term deposits Total Financial Assets 509,291 943,700 - - 509,291 943,700 Financial Liabilities: CBA Bank Loan - Clubhouse Upgrade 2.38 3.38 3,178,365 402,771 - - 3,178,365 402,771 - THE CKBOAOBYaOnkNLGoAanG-OPLroFpCeLrtUy B INCORPORA2T.3E8D - 1,288,053 - - 1,288,053 - Kooyonga Foundation Loan 1.50 - 250,000 - - 250,000 - NOTEToStTaOl FiAnNaDncFiaOlRLMiaIbNilGitiPeAs RT OF THE ACCOUNTS 4,716,418 402,771 - 4,716,418 402,771 FOR THE YEAR ENDED 31 MARCH 2021 b) Credit Risk Page 18 The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount, net of any provisions for doubtful debts, as disclosed in the balance sheet and notes to the financial statements. The Club does not have any material credit risk exposure to any single debtor or group of debtors under financial instruments entered into by the Club. c) Net Fair Values The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the balance sheet and the notes to and forming part of the accounts. Annual Report 2020/21 Page 52
Notes to and Forming Part of the Accounts For year ended 31 March 2021 THE KOOYONGA GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 Note 15 - Financial Instruments (cont) d) Sensitivity Analysis The Club has performed a sensitivity analysis relating to its exposure to interest rate risk at balance date. The sensitivity analysis demonstrates the effect on the current year results and equity which could result from a change in these risks. As at 31 March 2021, the effect on profit and equity as a result of changes in the interest rate, with all other variables remaining constant would be as follows: Change in profit 2021 2020 - Increase in interest rate by 2% $ $ - Decrease in interest rate by 2% (84,143) 18,874 84,143 (18,874) Change in equity (84,143) 18,874 - Increase in interest rate by 2% 84,143 (18,874) - Decrease in interest rate by 2% Note 16 - Leasing Commitments 58,718 32,473 216,977 12,284 Lease commitments being for the lease of land and motorised carts payable: 41,688 Payable – minimum lease payments: 317,383 - - not later than one year 44,757 - later than one year but not less than five - - later than five years 317,383 (93) Minimum lease payments 44,664 Less future finance charges Present value of minimum lease payments Note 17 - Related Party Transactions (a) The names of the Committee in office at the date of this report are: Mr Terence James Anderson Mr Samuel John Atkins Mr Geoffrey Keith Brennan Dr Lynn Brendon Stewart Mr Michael Sean Gilroy Mr David Michael Fraterman Mrs Jill Trenorden Mr Crawford David Giles Mr Geoffrey Ross Kay Mrs Zoee Dolling (b) During the financial year, no members of the Committee have received directly or indirectly from the Club, other than mentioned in (c), any payments or other benefits of pecuniary value other than in the case of officers employed by the Club who received approved salaries which have been determined in accordance with general market conditions. (c) During the financial year, the club purchased wine from ‘Fox Gordon Pty Ltd’ and 'Atkins Family Vineyards Pty Ltd', two companies controlled by Mr Sam Atkins. The companies were paid $989.72. The club repaid Mr Crawford Giles for a TV, soundproofing and a historical Club DVD totalling $5,195. The Club purchased powerpacks from Powermove Distribution Pty Ltd, a company controlled by Mr Crawford Giles for $164.74. The club purchased air-conditioning services from Specialist Air Management, a company controlled by Mr Michael Gilroy for $31,343.44. Specialist Air Management are the air-conditioning contractors for the Clubhouse upgrade and are contracted by our builder, Schiavello Construction. Kooyonga was not involved in the tender process for the air- conditioning contractors. Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties Annual Report 2020/21 Page 53
Notes to and Forming Part of the Accounts For year ended 31 March 2021 THE KOOYONGA GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 Note 18 - Contingent Liabilities There were no contingencies facing the Club as at 31 March 2021 that have not been brought to account in the financial statements. Note 19 - After Balance Date Events No significant after balance date events. Note 20 - Capital Management The Committee members control the capital of the Club in order to maintain a good debt-to-equity ratio and to ensure that the Club can fund its operations and continue as a going concern. The Club's debt and capital includes financial liabilities, supported by financial assets. There are no externally imposed capital requirements. The committee members effectively manage the Club's capital by assessing the Club's financial risks and adjusting its capital structure in response to changes in these risks and in the market. The responses include the management of debt levels. There have been no changes in the strategy adopted by management to control the capital of the Club since the prior year. This strategy is to ensure that there is sufficient cash to meet trade and sundry payables and borrowings. Note 21 - Club Details The principal place of business of the Club is: May Terrace Lockleys SA 5032 Annual Report 2020/21 Page 54
Statement by the Committee In the opinion of the Committee of the Club the financial report as set out on pages 37 to 54: 1 Presents fairly the financial position of the Club as at 31 March 2021 and it's performance for the year ended on that date in accordance with Australian Accounting Standards, mandatory professional reporting requirements and other authoritative pronouncements of the Australian Accounting Standards Board. 2 At the date of this statement, there are reasonable grounds to believe that the Club will be able to pay its debts as and when they fall due. 3 During the financial year ended 31 March 2021 no officer of the Club, firm of which any officer of the Club is a member or body corporate in which any officer of the Club has a substantial financial interest has received or become entitled to receive a benefit as a result of a contract between any officer, firm or body corporate and the Club, except for those disclosed in Note 17. 4 During the financial year ended 31 March 2021 no officer of the Club has received directly or indirectly from the Club any payment or other benefit of a pecuniary value, except for those disclosed in Note 17. 5 Under AASB 15, the Accounting Standard for revenue recognition, entrance fees received from all members must be recorded as a liability and recognised as revenue via an annual assessment of the remaining membership tenure of each member, calculated using the average tenure of our current membership base. This change in recognition has resulted in a $57,696 increase in entrance fee revenue reported for the 2020/21 financial year. Committee is of the view that the entrance fee revenue reported as $309,434 in the cashflow statement provides more useful information to the users of the Financial Statements. This statement is made in accordance with a resolution of the Committee and is signed for and on behalf of the Committee by: TJ ANDERSON CD Giles Captain Chairman - Finance, Audit & Membership DDaateteddaattLLoocckkleleyyss, ,SSA.Aononthtehe31rd9dthaydaoyf JoufnMea2y0220121 Annual Report 2020/21 Page 55
Independent Audit Report to the members Bentleys SA Audit Partnership of Kooyonga Golf Club Inc. Level 5 63 Pirie Street Adelaide SA 5000 GPO Box 939 Adelaide SA 5001 ABN 43 877 091 903 T +61 8 8372 7900 F +61 8 8372 7999 [email protected] bentleys.com.au Opinion We have audited the financial report of Kooyonga Golf Club Inc, being a general purpose financial report which comprises the statement of financial position as at 31 March 2021, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year ended on that date, accompanying notes to the financial statements and the statement by the board of management. In our opinion, the financial report of Kooyonga Golf Club Inc. presents fairly, in accordance with Australian Accounting Standards, the Association Incorporations Act 1985 (SA) and other mandatory professional reporting requirements in Australia, the financial position of Kooyonga Golf Club Inc. and the entity as at 31 March 2021 and the results of their operations and cash flows for the financial year then ended. Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Club in accordance with 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. A member of Bentleys, a network of independent advisory and accounting firms located throughout Australia, New Zealand and China that trade as Bentleys. All members of the Bentleys Network are affiliated only, are separate legal entities and not in partnership. Liability limited by a scheme approved under Professional Standards Legislation. A member of Allinial Global – an association of independent accounting and consulting firms.
Committee's responsibility for the financial report The Committee of the Club is responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Association Incorporations Act 1985 (SA). This responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. In preparing the financial report, management is responsible for assessing the Club’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 management either intends to liquidate the Club or to cease operations, 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 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 the 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 this financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/Home.aspx. This description forms part of our auditor’s report. Bentleys SA Audit Partnership David Papa PARTNER Dated this 3rd day of June 2021
Five Year Summary 2017 2018 2019 2020 2021 2022 Membership 568 537 518 524 532 4,256 Category One 320 316 323 324 304 426 Category Two 164 174 186 184 175 Honorary Social Members 491 462 475 465 479 $4,682 Other Member Categories 1,543 1,489 1,502 1,497 1,490 Total Members 3,241 3,371 3,590 3,770 3,959 Category One Fee (excl. levies) 324 337 359 377 396 Add GST Total $3,565 $3,708 $3,949 $4,147 $4,355 Income $,000 $,000 $,000 $,000 $,000 Membership Subscriptions Hospitality Net 3,012 3,048 3,195 3,322 3,419 Golf Net (46) (43) (41) (134) (199) Property Net 165 333 266 Other - - - 319 88 Government Subsidies 223 75 91 - (5) Total - - - (227) 112 776 Less Overheads 3,354 3,413 3,511 - 3,852 Course Administration 1,420 1,379 1,377 3,619 1,480 Clubhouse 882 932 943 856 Other 365 373 379 1,360 361 Depreciation 22 26 29 968 107 Total Overheads 785 863 912 327 33 1,035 Operating Surplus/(Deficit) 3,474 3,572 3,603 892 3,839 Add Entrance Fees Kooyonga Foundation Distribution (120) (159) (89) 3,580 13 State & National Golf Events 247 174 290 367 475 - 39 Total Surplus/Deficit - 40 220 33 (117) (13) (23) 602 - (102) 228 (12) 390 247 Annual Report 2020/21 Page 58
Kooyonga Golf Club will celebrate its Centenary in 2023 and members are extremely proud of the Club’s heritage. The Kooyonga Foundation has set up a fund through the ASF to support the ongoing preservation and display of memorabilia and archival material as well as the commissioning of various works of art to depict our heritage, which will help enrich and enhance the clubhouse for everyone to enjoy. Please click here for more information on how you can donate to the Works of Art and Heritage Fund. The Kooyonga Foundation Annual Report 2020 - 2021
The Kooyonga Foundation Inc. Annual Report VISION OF THE KOOYONGA FOUNDATION DEVELOP PROMOTE ASSIST Develop Selected facilities for Promote junior development Assist Club representation the benefit of all members for our Club’s future golfers for our elite golfers The Foundation year was again Foundation Incorporated, held on 6 new ‘Friends’, 3 new ‘Partners’, 6 very successful, and I thank Thursday 25 June 2020, were approved new ‘Supporters’ and 1 new ‘Advocate’ all members who participated in and signed by Walford Thyer who was the following significant donations. the events, and supported the Chairman for the AGM, at the Foundation fundraising efforts. Management Committee meeting held This Foundation year, our efforts were During the year the Management on Wednesday 8 July 2020. constrained by the COVID-19 pandemic, Committee, comprising myself as At that first meeting following the with the cancellation of The Foundation Chairman, Mr Gary Chenoweth, Mrs Annual General Meeting, the positions of Golf Day, which has been rescheduled to Megan Thredgold, Mrs Melissa Emmett, Chairperson and Secretary are required the 19th of November 2021. Mr Ross Dillon, Mr Ian Sargent, Dr. Peter to be elected pursuant to clause 5.2.7 of Robinson and ex officio Club Captain Mr the Foundation Rules. Dr Walford Thyer Due to the Golf Day being postponed Terry Anderson, or his delegate, held four and Mr Gary Chenoweth were re-elected and cancellation of the scheduled meetings. The General Manager, Mr Brett to those positions respectively. 2021 Women’s Australian Open, the Lewis, attends meetings and provides Melissa Emmett and Ross Dillon were Foundation Twilight was rescheduled to valued input. appointed members of the Grants Sub the 13th of November 2020. The minutes of the Fourteenth Annual Committee. General Meeting of the Kooyonga Thank you to all Club members who The evening was well attended and contributed to the Foundation via our guest speaker, Dr James Muecke, the membership subscription notice. OAM, and Australian of the Year, was Any donations made over a member’s informative and entertaining. This event lifetime, totalling $100 or more, has transitioned from a fundraising qualifies that member for Foundation event to an awareness evening which Membership. During the year the saw the Chairman, in introducing James, Foundation Committee approved new providing a summary of The Foundation’s recognition levels and renaming of the funds raised, and disbursement areas existing levels (please see overleaf). over the past nine years. Two weeks There was a pleasing increase over the following this event, the inaugural previous year with 33 new ‘Members’, ‘Foundation Women’s Fundraiser Twilight’ was well attended and enjoyed by all, raising $7,850 towards the construction of the on-course toilet facility. Annual Report 2020/21 Page 60
The annual Kooyonga Foundation Lottery was held during and camaraderie at Kooyonga. If you would like to consider a the year utilising a new online format, resulting in all 2250 bequest to the Foundation, please contact Brett Lewis for a tickets being sold. We raised over $16,500 in ticket sales with confidential discussion. a net profit of over $12,800 which was a fabulous result. The The Committee’s aim is to utilise bequests (and specific Foundation Committee thanks all participating members for donations) to create a capital fund invested for the future. their support and commends Mr Ian Sargent and Miss Amanda To facilitate this, Committee has proposed the establishment Sewell for the organisation of the lottery. and management of a “Capital Fund” within the Rules of In total, The Foundation has received $58,644 for the year the Foundation, which will require member approval at the through donations and fundraising initiatives. upcoming Annual General Meeting. The “Capital Fund” concept The Kooyonga Foundation Committee continues to fundraise has been developed to provide a sound structure to grow an for the construction of a new amenities building on the golf investment fund for the long term benefit of Kooyonga Golf course, ideally located in the vicinity of the 5th tee. The new Club. The proposed Rules provide transparency and confidence facility will benefit all members and guests, offering toilets, a to members of the Kooyonga Foundation as well as potential shelter from extreme weather conditions, refrigerated water donors. I urge members to support this initiative by voting in station as well as other member amenities. Initial planning favour of the Rule changes at the Annual General Meeting. is progressing well with Arborist, Planning and Surveying Finally, I wish to acknowledge the tireless work of my Consultants currently preparing reports for the Club. So far we enthusiastic Committee. The Foundation Committee aims to have raised approx $21K through the annual lottery, women’s have all members of this great Club join, donate and consider twilight fundraiser and direct donations and would like thank all bequests for the future success of Kooyonga, as exemplified in members who have donated so far. our mission statement. Donations through The Australian Sports Foundation are tax Walford Thyer deductible for registered projects of The Kooyonga Foundation. Chairman The Kooyonga Foundation Golf Academy is a completed project The Kooyonga Foundation Incorporated and has been removed from the list. The original Kooyonga Foundation Project Fund to support Men’s, Women’s and Junior Pennant Teams, selected coaching fees, and expenses for elite golfer’s competition events, is ongoing. Current projects listed include: The On-course Toilet Facility Project, and The Kooyonga Foundation Works of Art and Heritage Fund. In addition to donations through The Australian Sports Foundation, all members are encouraged to consider leaving a bequest to The Foundation to celebrate the years of golf KOOYONGA FOUNDATION GRANTS One of the Kooyonga Foundation’s key initiatives is to assist elite and junior members to realise their golfing potential. Individual grants are available to cover expenses related to travel, entrance fees and golf tuition with the Foundation reimbursing up to 50% of the eligible expenses, subject to a cap limit in any one year. As part of the new assessment criteria, applications received by the grants committee will seek input by the coaching staff regarding the following attributes: Good Sportsmanship - Work rate / work ethic - Drive and Focus - A willingness to help and foster younger players as mentors CLICK FOR MORE INFORMATION
The Kooyonga Foundtion Inc. Annual Report KOOYONGA FOUNDATION WALL OF HONOUR Our Advocates ($25K AND ABOVE) Our Members ($100 AND ABOVE) Walford & Sue Thyer Colin Alexander David Hall Cameron Pearce David McKee Deb Alexander Alan Hambly Paige Perkins Richard Anderson John Hamilton Keith Plummer Our Supporters ($10K AND ABOVE) Terry Anderson Mary Hammer Allan Pring Graham Ascough Sally Hammer Michael Raphael Ross Dillon Ian Sargent Ken Ballantyne John Harvey Carrol Reynolds Crawford Giles Ann Saunders* Dennis Basheer Elizabeth Heath Judith Roberts Peter & Sandy Robinson Dean* & Margaret Southwood Neil Beagley Geoffrey Heithersay Geoff Robertson Elizabeth Beckwith Scott Henchliffe Barbara Rogers Our Partners ($5K AND ABOVE) Peter Beckwith Henry Heuzenroeder David Rowe Alistair Begg Tony Higginbottom Ken Russell Ken & Joan Babidge Stephen & Gill Hicks Panayot Boyaci Alan Hill Don Sarah AM Bruce Bavistock* Bill & Yvonne Johnson Bob Brooke Tony Hobby James Sarah Di & Frank Bamford Peter Leaney* Libby Broomhead John Holyoak Neil & Sally Sarah Brian Fricker* Grahame Moore Anne Brown Skye Jarvis James Sargent John & Merrilyn Garrett Grant Raymond Donald Brown Greg Jaunay Tim Sennett Angas Hains Pauline Sanderson Jennifer Brown Lyn Jaunay John Sharpe Ros Brown Ross Johnson Duncan Soang Our Friends ($1K AND ABOVE) Barbara Burnet Michael Johnston Ian Southwood Simon Burnet Peter Johnston Ryan Sparrow Gary Allison Michael Gilroy Terry Burns Bill Jolley John Speirs John Bishop Roma Grant* Stephen Carapetis Joan Jones Luke Steele Richard Blandy^ Gail Hamilton Judith Carrig Robert Jones Lynn Stewart Kathy Booth Peter Hewitt^ Ian Charlton Anita Just Pam Stewart Quentin Brown Mark Irwin Karen Chenoweth Geoff Kay Missie Stokes Tony Carrig Wayne Jackson Chai Ching David Klingberg John Sulan Gary Chenoweth Maurice Klemich* Alan Chugg Kathryn Kruys Anne Sved Williams John Clayton^ Grant & Helen Laidlaw Barbara Clapp Theo Kruys John Swift Andrew Cohen Keith* & Alison Lewis Dean Clayton Andrew Kuliwaba John Symons Tim Cooper Jan & Gary Marriott Chris Codling Adrian Lacey Jack Thomas David & Patricia Cosh Tossie Nitschke Marc Colquhoun Virginia Lacey Julie Thompson Gerald* & Sue Cox^ Peter Noblet Ben Corso Dennis Laundy Tony Timmins Judy Crafter Rex Pearlman Ken Daunt Wing Li Bob Townsend Grant Crowhurst Jeff Rogers Mike Davey Simon Lovering Jillian Trenorden Zoe Daw* Don Rutherford Phillip Desteno Sandra Lunn Neil Tuckwell Bill Dawson Bill Rymill^ Jarrod Eckermann Alastair Maclennan Kerrie Van Dissel Robert Day Kym Sawers Helen Egar Wendy Mann Con Vanco Pam Dixon Bardie Simpson^ John Elliott Jude Marlow Craig Vinall Roger Drake Bruce Spangler^ Melissa Emmett Anne Marshall Graham Walch Colin Dunsford AM Jim Sweeney^ Ann Ewer Peter Marshall Penny Wark Linda Ferris Darren Thomas Angela Fleming Craig Mason Ian Watson AM Trish Fricker* Shirley Uhrig^ Richard Fleming Greg May Thomas Wightman William Frogley^ Mark Wood Christine Flynn John McEntee Tony Williams Damian Gallagher Emma Fraser Jack McKean Allan Winter John Frogley Marg McLeay Patrick Winter Merry Frogley John Meijer Rachel Winter Sue Fuller Ray Michell Ian Wong Allan Gilbert Keith Middleton Richard Wood Heather Gilbert Kayoko Miki Timothy Wood Michael Gilchrist Kym Millard Patrick Woods Mark Goddard Suzanne Moffatt David Worthley Barbara Gower Harry Moore Anna Wyett Quentin Gower Alex Morkunas Meredith Wyles Thomas Gray Daniel Mosler Jane Young Helen Greenslade John Muller Robert Young Hugh Greville Melissa Nelligan Christine Gun Alex Nemer Eric Haan Mark Nicholls Nicholas Haan Michael Nugent Colin Hackett Steve Officer Bob Hall Graham Parker Pamela Hall Craig Parsonage *Deceased ^Past Member
The Kooyonga Foundation Inc. Statement of IncoTmheeK&ooEyxopnegandFoituunrdeat(ifoonr yIenacr.eAnndneuda3l1RMeaprocrht2021) Statement of Income and Expenditure for the Year Ending 31st March 2021 2021 2020 $ $ BALANCE 1ST APRIL 243,102 178,622 Income: 17,205 37,467 Kooyonga Foundation Golf Day 22,523 Annual Lottery and Other Fundraising 2,830 Foundation Dinner Proceeds 58,644 9,282 Ladies Dinner Fundraising Members Donations 1,865 11,907 Interest Received 80,544 1,847 Expenditure: 23,469 83,026 Grant for Hannaford Artwork 9,091 Grant for Leach Artwork 2,060 Coaching Fees 1,784 4,466 Expenses for Elite Competitions 3,450 Kingston Heath Pennant Trip Contribution 739 3,800 Women's Pennant Grant 3,805 Lottery and Raffle Prizes 85 Meeting Costs 661 186 Gift to Guest Speaker Annual Lottery Printing & Postage Costs 2 504 Consultants Fees 35,831 275 Bank Fees 18,546 Balance as at 31st March 2021 287,815 243,102 Statement of Assets & Liabilities as at 31 March 2021 JB Were Bank Balance - 202,453 Loan Kooyonga Golf Club 250,000 Commonwealth Bank Balance 37,749 Debtor - Kooyonga Golf Club 37,815 2,900 Debtors - Others - 243,102 - Balance to Statement above 287,815 Annual Report 2020/21 Page 63
The Kooyonga Foundtion Inc. Annual Report Annual Report 2020/21 Page 64
The Kooyonga Golf Club Inc May Terrace, Lockleys PO Box 119, Brooklyn Park SA 5032 t 08 8352 5444 [email protected] www.kooyongagolf.com.au
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