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 19th day of May 2019
Five Year Summary Membership 2015 2016 2017 2018 2019 2020 Category One Category Two 553 577 568 537 518 3,770 Honorary Social Members 349 313 320 316 323 377 Other Member Categories 147 154 164 174 186 Total Members 488 505 491 462 475 $4,147 1,537 1,549 1,543 1,489 1,502 Category One Fee (excl. levies) Add GST 2,940 3,087 3,241 3,371 3,590 Total 294 309 324 337 359 Income $3,234 $3,396 $3,565 $3,708 $3,949 Membership Subscriptions Hospitality Net $,000 $,000 $,000 $,000 $,000 Golf Net Other 2,759 2,859 3,012 3,048 3,195 Total 25 68 (46) (43) (41) 148 165 333 266 Less Overheads 163 223 75 91 Course 290 253 Administration 3,237 3,328 3,354 3,413 3,511 Clubhouse Other 1,345 1,364 1,420 1,379 1,377 Depreciation 898 864 882 932 952 Total Overheads 387 364 365 373 379 18 19 22 26 29 Operating Surplus/(Deficit) 701 738 785 863 866 Add Entrance Fees Kooyonga Foundation Distribution 3,349 3,349 3,474 3,572 3,603 Women’s Australian Open (112) (21) (120) (159) (92) Total Surplus/Deficit 280 261 247 174 290 - 475 - - - - 40 - (117) (13) 168 602 240 (102) 225 Annual Report 2018/19 Page 50
The Kooyonga Foundation Annual Report 2018 - 2019
The Kooyonga Foundation Inc. Annual Report Vision of the Kooyonga Foundation DEVELOP PROMOTE ASSIST Selected facilities for the Junior development for Club representation for benefit of all members our Club’s future golfers our elite golfers The Kooyonga Golf Academy, taking our total contributions to $515K for Foundation had the overall cost of the building. The Foundation Committee another successful is proud to have supported this project and is delighted to year and I thank see the continued growth in utilization of the academy by all members who members. supported our The opportunity continues for Club members to contribute fundraising efforts. and become a member of the Kooyonga Foundation by During the year the donating $100 or more via their membership subscription Management Committee, fee payment. The Foundation attracted 14 new members comprising myself as throughout 2018/19 and currently stands at 175 in total. Chairman, The Foundation Committee developed a Bequest Society Mr Gary Chenoweth, brochure during the year to provide information to members Mrs Di Bamford, interested in leaving a gift to Kooyonga in their Will. A number Mrs Melissa Emmett, of members have shown interest in recent months with Mr Ross Dillon, Mr Ian two members confirming their gift. If you are considering a Sargent, Dr Peter Robinson and ex officio Club Captain bequest to the Kooyonga Foundation we would like to hear Dr Ken Russell, or his delegate, held six meetings. The General from you to enable us to encompass your gift in our future Manager, Mr Brett Lewis, attends meetings and provides planning. valued input. The minutes of the Twelfth AGM of The Kooyonga Foundation The Foundation Golf Day and lottery continue to raise funds Inc. held on Thursday 7 June 2018, were approved at the to build the capital available for future projects, to support Management Committee meeting on 4 July 2018. the ongoing development and excellence of Kooyonga Golf As at 31 March 2019, the Foundation had $178K in funds Club for the benefit of all members, our pennant squads, and yet to be distributed and this report and the Financial the junior development programs. The Foundation Golf Day Statements that follow provide an overview of key activities Sub Committee, ably led by Ian Sargent with the assistance of and expenditure over the last 12 months. I am pleased to Amanda Sewell and co-opted members ran these successful report that we paid the Club $40K during the year as our final events. On behalf of the Management Committee I thank payment for the construction of the Kooyonga Foundation all sponsors of the golf day, supporters of the lottery, and membership donors. GOLF DAY TWILIGHT LOTTERY Raised in the 2018 $4,350 $17,090 Kooyonga Foundation Golf Day Raised at the Raised through the 2018 Foundation Twilight Kooyonga Foundation $33,110 Dinner & Golf Event Annual Lottery Annual Report 2018/19 Page 52
The Kooyonga Foundation Inc. Annual Report The Third Foundation Twilight Dinner & Golf event with Foundation Golf Day guest speaker Graham Cornes OAM, was held on Friday Foundation Annual Lottery 8 February prior to The Grange hosting the Women’s Foundation Twilght Golf & Dinner Australian Open. Junior Ambassador Emily Giotis spoke eloquently on her Kooyonga experience since joining Annual Report 2018/19 Page 53 the Club. Captain Ken Russell conducted an entertaining interview with guest speaker Graham Cornes. Thank you to the wine sponsor of the evening, Fox Gordon and to the donors of the prizes in the raffle. Additional items were provided for the raffle by Golf Australia and included a ticket to play in the Pro Am at the Women’s Australian Open the following week along with two tickets to walk ‘inside the ropes’. The members of the Advisory Sub Committee for grant applications submitted to the The Kooyonga Foundation Project Fund are: Mr Ross Dillon, Mrs Di Bamford representing the Management Committee, Dr Angas Hains and Ms Jude Marlow representing the pennant golfers, and Susie Mathews and Brett Lewis co-opted if necessary for administrative advice. Significant funding has been provided this year, for both men’s and women’s pennant training programs. In terms of future projects, the Committee recently resolved to finance 50% of the cost for the proposed flood lighting of the practice fairway to provide members greater opportunity to practice and improve their game. We are in the process of establishing a project fund with the Australian Sports Foundation to collect tax deductible donations for this project and further information will be provided in due course. At the February meeting it was resolved to engage an experienced fundraising coordinator on a consultancy basis to assist with the development of a strategic plan and communications strategy for the Kooyonga Foundation. This is a significant step in our evolution and will help provide a roadmap and key goals for the next 3-5 years. I wish to acknowledge the work of my enthusiastic Committee. The Foundation Committee aims to see all members of this great club join, donate or consider bequests, for the success and future of Kooyonga, as exemplified in our mission statement; ‘Our Foundation, our Future’ Walford Thyer Chairman The Kooyonga Foundation Incorporated
The Kooyonga Foundation Inc. Annual Report KOOYONGA FOUNDATION MEMBERSHIP CATEGORIES MEMBER FELLOW TRUSTEE COMPANION BENEFACTOR $100 & above $1,000 & above $5,000 & above $25,000 & above $50,000 & above Companion Member Walford & Sue Thyer Trustee Member Ken & Joan Babidge John & Merrilyn Garrett David McKee Ian Sargent Bruce Bavistock* Angas Hains Grant Raymond Ann Saunders Ross Dillon Bill & Yvonne Johnson Peter & Sandy Robinson Dean & Margaret Southwood Brian Fricker* Peter Leaney* Pauline Sanderson Fellow Member Gary Allison Tim Cooper Roger Drake Stephen & Gill Hicks Bill Rymill^ John Bishop Gerald & Sue Cox^ Linda Ferris Mark Irwin Kym Sawers Richard Blandy Judy Crafter Trish Fricker* Maurice Klemich* Bardie Simpson^ Kathy Booth Grant Crowhurst William Frogley Keith Lewis* Bruce Spangler^ Quentin Brown Zoe Daw* Damian Gallagher Peter Noblet Jim Sweeney^ Tony Carrig Bill Dawson Roma Grant* Rex Pearlman Darren Thomas John Clayton^ Robert Day Gail Hamilton Jeff Rogers Shirley Uhrig^ Andrew Cohen Pam Dixon Peter Hewitt^ Don Rutherford Mark Wood Member Colin Alexander Marc Colquhoun Colin Hackett Bill Jolley Keith Middleton Ian Southwood Deb Alexander Ken Daunt Bob Haese Anita Just Kayoko Miki Allen Stanley Richard Anderson Tom Davies Bob Hall Geoff Kay Kym Millard Lynn Stewart Terry Anderson Colin Dunsford Pamela Hall David Klingberg Suzanne Moffatt Pam Stewart Graham Ascough Helen Egar David Hall Theo Kruys Harry Moore Missie Stokes Ken Ballantyne Melissa Emmett John Hamilton Adrian Lacey Alex Morkunas Anne Sved Williams Diane Bamford Elizabeth Esselbach Mary Hammer Virginia Lacey John Muller Tony Timmins Frank Bamford Ann Ewer Sally Hammer Grant Laidlaw Melissa Nelligan Bob Townsend Neil Beagley Christine Flynn John Harvey Helen Laidlaw Tossie Nitschke Jillian Trenorden John Blunden John Frogley Elizabeth Heath Dennis Laundy Steve Officer Neil Tuckwell Libby Broomhead Merry Frogley Geoffrey Heithersay Sandra Lunn Craig Parsonage Con Vanco Ros Brown Geoff Fry Henry Wendy Mann Andrew Pontifex Penny Wark Barbara Burnet Sue Fuller Heuzenroeder Jude Marlow Allan Pring Ian Watson AM Terry Burns Allan Gilbert Alan Hill Anne Marshall Carrol Reynolds Tony Williams Helen Burvill Heather Gilbert John Holyoak Craig Mason Barbara Rogers Allan Winter Stephen Carapetis Michael Gilchrist Wayne Jackson Greg May David Rowe Ian Wong Judith Carrig Mark Goddard Elizabeth Jackson Jack McKean Ken Russell Richard Wood Gary Chenoweth Barbara Gower Skye Jarvis Marg McLeay Neil & Sally Sarah Timothy Wood Karen Chenoweth Quentin Gower Michael Johnston John Meijer James Sargent Robert Young Dean Clayton Christine Gun Peter Johnston Ray Michell Tim Sennett *Deceased ^Past Member Annual Report 2018/19 Page 54
The Kooyonga Foundation Inc. Statement of Income and Expenditure for the Year Ended 31 March 2019 BALANCE 1ST APRIL 2019 2018 $ $ Income: Kooyonga Foundation Golf Day 171,638 107,086 Annual Lottery and Other Fundraising Foundation Dinner Proceeds 33,110 43,024 Members Donations 19,894 20,050 Interest Received Nomination Fees 4,350 6,275 Realised Market Value Movement on Investments 5,241 7,567 1,294 Expenditure: 819 Contribution to Kooyonga Foundation Golf Academy - 100 Coaching Fees - (397) Expenses for Elite Competitions 63,414 77,913 Kingston Heath Pennant Trip Contribution Honour Board Expenses 40,000 - Lottery and Raffle Prizes 3,739 5,111 Foundation Dinner and Ladies Open Guests 3,562 1,525 Presentation Frames 5,000 Annual Lottery Printing Costs - - Bank Fees 2,997 3,548 - 1,300 BALANCE AS AT 31ST MARCH 60 1,320 905 Statement of Assets & Liabilities 167 - as at 31st March 2019 306 56,430 251 13,361 178,622 171,638 Macquarie Bank Balance - 116,964 JB Were Bank Balance 178,977 - Sundry Debtor - Kooyonga Golf Club Sundry Creditor - Kooyonga Golf Club - 54,674 (355) - BALANCE TO STATEMENT ABOVE 178,622 171,638 Annual Report 2018/19 Page 55
The Kooyonga Foundation Inc. Annual Report Annual Report 2018/19 Page 56
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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