Notes to and Forming Part of the Accounts THE KOOYONGA GOLF CLUB ForINCORPORATED the year ended 31 March 2020 NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 2020 2019 $ $ Note 7 - Property, Plant and Equipment 7,561,759 7,491,340 (3,167,204) (2,823,988) Freehold land & buildings (at cost) 4,394,555 4,667,352 Less: Accumulated depreciation 2,053,923 1,907,296 Course development (at cost) (1,204,782) (1,052,380) Less: Accumulated depreciation 849,141 854,916 Watering equipment (at cost) Less: Accumulated depreciation 1,711,230 1,693,365 (1,302,713) (1,230,635) Course building, plant & equipment (at cost) Less: Accumulated depreciation 408,517 462,730 Furniture, fittings & equipment (at cost) 2,613,230 2,578,253 Less: Accumulated depreciation (1,720,997) (1,566,432) Golf Shop Equipment & Buggies (at cost) 892,233 1,011,821 Less: Accumulated depreciation 1,263,101 1,241,570 Right-of-use-asset (884,250) (812,855) Less: Accumulated depreciation 378,851 428,715 Total property, plant and equipment 398,778 358,683 (191,054) (142,932) 207,724 215,751 255,196 255,196 (214,969) (165,227) 40,227 89,969 7,171,248 7,731,254 Note 7(a) -Movement in Carrying Amounts Land & Course Watering Course P&E Furniture & Golf Shop Right of Use Buildings Develop Equip & Buildings Fittings Equip Asset Total $ $ $ $ $$ $$ 7,731,254 Balance at beginning of 4,667,352 854,916 462,730 1,011,821 428,715 215,751 89,969 331,642 the year 70,419 146,627 17,865 35,188 21,531 40,012 - - - - - - (891,648) Additions - (72,078) (71,395) - (49,742) Disposals (343,216) (152,402) (154,776) (48,039) 7,171,248 Depreciation expense Carrying amount at the 4,394,555 849,141 408,517 892,233 378,851 207,724 40,227 end of the year Annual Report 2019/20 Page 49
Notes to and Forming Part of the Accounts For the yearTHE KOOYONGA GOLF CeLUnBdINCeOdRPO3RA1TEMD arch 2020 NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 2020 2019 $ $ Note 8 - Capital Work in Progress 114,862 8,964 3,891,402 193,881 5 year plan course works 82,925 Club House Upgrade 12,691 285,770 Other 4,018,955 Note 9 - Trade and Other Payables 240,898 321,743 784,999 - Current 226,298 Trade payables 1,252,195 193,267 Clubhouse upgrade payables 515,010 Sundry payables and accrued expenses Annual Report 2019/20 Page 50
Notes to and Forming Part of the Accounts THE KOOYONGA GOLF CLUB ForINCORPORATED the year ended 31 March 2020 NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 Long Service Annual Leave Leave Total Note 10 - Provisions Opening balance at 1 April 2019 156,221 128,582 284,803 Additional provisions 198,737 48,563 247,300 Taken during the year (176,710) (25,684) (202,394) Closing balance at 31 March 2020 178,248 151,461 329,709 Current: 2020 2019 Annual leave $ $ Long service leave 178,248 156,221 122,041 95,590 300,289 251,811 Non-current: 29,420 32,992 Long service leave Note 11 - Borrowings 2020 2019 $ $ Current: CBA Bank Loan 402,771 - 402,771 - a) Borrowings The bank debt has a facility limit of $5.5m and is secured by Registered Mortgages over the Club's freehold property. Note 12 - Statement of Cash Flows Reconciliation of cash flow from operations with operating surplus/(deficit): 246,989 228,276 Operating surplus/(deficit) 891,648 913,011 (85) (6,273) Non-cash items in operating surplus/(deficit) - Depreciation 41,321 (Profit)/losses on sale of property, plant & equipment Adjustment to Entrance Fees as a result of changes in accounting policy (9,382) 184,251 16,563 (18,723) Changes in Assets and Liabilities 16,981 (Increase)/Decrease in receivables (291,130) (6,073) (Increase)/Decrease in other assets 44,906 529,520 (Increase)/Decrease in inventories (47,815) (45,542) Increase/(Decrease) in other liabilities 909,996 (167,075) Increase/(Decrease) in provisions 1,611,371 Increase/(Decrease) in payables and accruals Cash flow from operations Annual Report 2019/20 Page 51
Notes to and Forming Part of the Accounts For the yearTHE KOOYONGA GOLF ended 31 MarchCLUB INCORPORATED 2020 NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 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. NTHoE KteOO1YO4N-GARGeOLmF CuLnUBeIrNaCOtiRoPOnRAoTfEDCommittee Members NNoOaTmESouTnOtsAwNeDreFrOeRceMivINedGoPrAdRuTe aOnFdTrHecEeAivCabClOe UfrNomTSthe Club by the Committee. FOR THE YEAR ENDED 31 MARCH 2020 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 2020 2019 2020 2019 2020 2019 2020 2019 %% $ $ $ $ $ $ - Financial Assets 1.20 1.20 943,700 2,114,920 - 943,700 2,114,920 Cash at bank - 2.55 - - - 850,000 - 850,000 850,000 Short term deposits - Total Financial Assets 943,700 2,114,920 - - 943,700 2,964,920 THEFKinOanOcYiaOl LNiaGbAilitGieOs:LF CLUB INCORPORATED Borrowings 3.38 - 402,771 - - -- -- NOTTEoStaTl FOinAanNcDialFLOiabRiMlitIiNesG PART OF THE ACCOU40N2T,7S71 - - FOR THE YEAR ENDED 31 MARCH 2020 b) Credit Risk 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 2019/20 Page 52
Notes to and Forming Part of the Accounts For the year ended 31 March 2020THE KOOYONGA GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 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 2020, 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: 2020 2019 $ $ Change in profit 18,874 59,298 - Increase in interest rate by 2% (18,874) (59,298) - Decrease in interest rate by 2% Change in equity 18,874 59,298 - Increase in interest rate by 2% (18,874) (59,298) - Decrease in interest rate by 2% Note 16 - Leasing Commitments Lease commitments being for the lease of land and motorised carts payable: 32,473 56,757 Payable – minimum lease payments: 12,284 44,757 - not later than one year - later than one year but not less than five - - - later than five years 44,757 101,515 Minimum lease payments Less future finance charges (93) (2,607) Present value of minimum lease payments 44,664 98,908 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 Mrs Deborah Ann Alexander Dr Lynn Brendon Stewart Mr Michael Sean Gilroy Mr David Michael Fraterman Mrs Jill Trenorden Mr Crawford David Giles Mr Geoffrey Ross Kay Dr Angas Douglas Bell Hains (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 $1,349.76. The club purchased a TV from Powermove Distribution Pty Ltd, a company controlled by Mr Crawford Giles for $900.00. The club purchased air- conditioning services from Specialist Air Management, a company controlled by Mr Michael Gilroy for $5,848.57. Specialist Air Management are the air-conditioning contractors for the Clubhouse upgrade and are contracted by our builder, Schiavello Construction. Kooyonga does not directly pay Specialist Air Management for this work, all payments are made directly to 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 2019/20 Page 53
Notes to and Forming Part of the Accounts For the year ended 31 MarchTHE KOOYONGA GOLF CLUB INCORPORATED 2020 NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2020 Note 18 - Contingent Liabilities There were no contingencies facing the Club as at 31 March 2020 that have not been brought to account in the financial statements. Note 19 - After Balance Date Events COVID 19 On the 23rd March 2020 the Clubhouse was required to temporarily shut-down due to Federal Government orders as a result of the coronavirus pandemic. The true financial implications of this closure are still unclear due to the changing nature of the environment, however the association will continue to evaluate its impact on the financial position and operating results of the association. The Committee is confident that the Club will be able to continue on a going concern basis. 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 2019/20 Page 54
Statement by the Committee In the opinion of the Committee of the Club the financial report as set out on pages 35 to 54: 1 Presents fairly the financial position of the Club as at 31 March 2020 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 2020 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 2020 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 There has been a change in Accounting Standards that impacts the recognition of entrance fee revenue from 1 April 2019 as referred to in Note 1 of the Financial Statements. Historically, entrance fees revenue has been brought to account when due and payable as entrance fees are non-refundable. Under AASB 15, the new 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 $41,321 decrease in entrance fee revenue reported for the 2019/20 financial year. Committee is of the view that the entrance fee revenue reported as $261,720 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 DDaatteeddaattLLoocckklleeyyss,,SS.A on the 24t8hthdadyayofoJfuMnaey22002200 Annual Report 2019/20 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 2020, 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 2020 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. 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 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.
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 5th day of June 2020
Five Year Summary Membership 2016 2017 2018 2019 2020 2021 Category One Category Two 577 568 537 518 524 3,959 Honorary Social Members 313 320 316 323 324 396 Other Member Categories 154 164 174 186 184 Total Members 505 491 462 475 465 $4,355 1,549 1,543 1,489 1,502 1,497 Category One Fee (excl. levies) Add GST 3,087 3,241 3,371 3,590 3,770 Total 309 324 337 359 377 Income $3,396 $3,565 $3,708 $3,949 $4,147 Membership Subscriptions Hospitality Net $,000 $,000 $,000 $,000 $,000 Golf Net Other 2,859 3,012 3,048 3,195 3,322 Total 68 (46) (43) (41) (134) 148 165 333 266 Less Overheads 223 75 91 319 Course 253 112 Administration 3,328 3,354 3,413 3,511 3,619 Clubhouse Other 1,364 1,420 1,379 1,377 1,360 Depreciation 864 882 932 943 968 Total Overheads 364 365 373 379 327 19 22 26 29 33 Operating Surplus/(Deficit) 738 785 863 912 892 Add Entrance Fees Kooyonga Foundation Distribution 3,349 3,474 3,572 3,603 3,580 Women’s Australian Open (21) (120) (159) (89) 39 Total Surplus/Deficit 261 247 174 290 220 475 - - - 40 - - (117) (13) (12) 602 240 (102) 228 247 Annual Report 2019/20 Page 58
The Kooyonga Foundation Annual Report 2019 - 2020
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 A strategic planning meeting was held The Fourth Foundation Twilight was on Monday 20 May 2019, assisted by enjoyed by all with presentations by the our experienced fundraising consultant Chairman on where funds were used Mrs Rosie Aust, and one item from over ten years, Head of Teaching, John the strategic plan is discussed at Corbett on the increasing usage of The each further Foundation Committee Foundation Golf Academy over three meeting. In line with our strategic years, and a very successful auction, planning, a bequest program has been conducted by Tim Thredgold, raising developed and a Bequest and Donor Sub some $8,000. The Foundation thanks the Committee appointed. The Committee donors of the prizes: two tickets for the has been advised, in writing, that three Pro-Am at the Women’s Australian Open bequests have been made to this date. from Golf Australia and Qatar Airlines, a If you are considering a bequest to the ticket to walk inside the ropes from Golf Kooyonga Foundation, we would like to Australia, and a teaching and playing hear from you to enable us to encompass round for 3 people donated by John your gift in our future planning. Corbett. The Foundation year was again Thank you to all club members who The members appointed to the very successful, and I thank contributed to the Foundation via the Sub Committee advising on grant all members who participated in membership subscription notice. Any applications were Ross Dillon and Melissa the events, and supported the donations made over a member’s life Emmett representing The Foundation, fundraising efforts. time totalling $100 or more grants that Jill Trenorden and David Fraterman During the year the Management member with Foundation Membership. representing the women’s and men’s Committee, comprising myself as There was a pleasing increase over the pennant squads and Brett Lewis co- chairman, Mr Gary Chenoweth, Mrs previous year with 47 new members, opted if required for administrative Megan Thredgold, Mrs Melissa Emmett, and 2 members transitioning to Fellow advice. Mr Ross Dillon, Mr Ian Sargent, Dr. Peter membership following significant Finally, I wish to acknowledge the tireless Robinson and ex officio Club Captain Mr donations. work of my enthusiastic Committee. The Terry Anderson, or his delegate, held five Funds raised at the annual golf day, the Foundation Committee aims to have all meetings. The General Manager, Mr Brett Foundation Twilight and the annual raffle members of this great club join, donate Lewis, attends meetings and provides were in excess of $60,000. Nett assets and consider bequests for the future valued input. at 31 March were $243,102. These success of Kooyonga, as exemplified in The minutes of the Thirteenth Annual funds continue to build capital available our mission statement: General Meeting of the Kooyonga for future projects and to support the ‘Our Foundation, our Future’ Foundation Incorporated, held on ongoing excellence of Kooyonga for the Thursday 27 June 2019, were approved benefit of all members, pennant squads Walford Thyer and signed by Mr Ross Dillon who and junior development programs. The Chairman was the Chairman at the AGM, at the fundraising events are ably coordinated The Kooyonga Foundation Incorporated Foundation Management Committee by Ian Sargent, assisted by Amanda meeting held on Wednesday 7 August. Sewell and co-opted members. Their Those minutes refer to a resolution to input is greatly appreciated. finance half the cost of floodlighting the Considering the financial affects of the practice fairway. This matter is still in COVID-19 Pandemic, the Committee the planning stage and no progress has view is that fundraising efforts this occurred to date. coming year will be scaled down. Annual Report 2019/20 Page 60
$36,432 Funds raised through the 2019 Foundation Golf Day $15,211 $9,056 Funds raised through the Funds raised from the 2020 Foundation Twilight 2019 Foundation Lottery Dinner & Golf Event $60,699 Total amount raised through our key fundraising events in 2019/20
The Kooyonga Foundation Inc. Annual Report KOOYONGA FOUNDATION WALL OF HONOUR Companion Member ($25K AND ABOVE) Walford & Sue Thyer Trustee Member ($5K AND ABOVE) 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 ($1K AND ABOVE) Gary Allison Gerald & Sue Cox^ Trish Fricker* Maurice Klemich* Bardie Simpson^ John Bishop Judy Crafter William Frogley Keith* & Alison Lewis Bruce Spangler^ Richard Blandy Grant Crowhurst Damian Gallagher Tossie Nitschke Jim Sweeney^ Kathy Booth Zoe Daw* Roma Grant* Peter Noblet Darren Thomas Quentin Brown Bill Dawson Gail Hamilton Rex Pearlman Shirley Uhrig^ Tony Carrig Robert Day Peter Hewitt^ Jeff Rogers Mark Wood John Clayton^ Pam Dixon Stephen & Gill Hicks Don Rutherford Andrew Cohen Roger Drake Mark Irwin Bill Rymill^ Tim Cooper Linda Ferris Wayne Jackson Kym Sawers Member ($100 AND ABOVE) Colin Alexander Ben Corso Nicholas Haan David Klingberg Alex Morkunas Pam Stewart Deb Alexander Ken Daunt Colin Hackett Kathryn Kruys Daniel Mosler Missie Stokes Richard Anderson Tom Davies Bob Haese Theo Kruys John Muller John Sulan Terry Anderson Phillip Desteno Bob Hall Andrew Kuliwaba Melissa Nelligan Anne Sved Williams Graham Ascough Colin Dunsford Pamela Hall Adrian Lacey Alex Nemer John Symons Ken Ballantyne Helen Egar David Hall Virginia Lacey Mark Nicholls Tony Timmins Diane Bamford Melissa Emmett Alan Hambly Grant Laidlaw Michael Nugent Bob Townsend Frank Bamford Elizabeth Esselbach John Hamilton Helen Laidlaw Steve Officer Jillian Trenorden Dennis Basheer Ann Ewer Mary Hammer Dennis Laundy Graham Parker Neil Tuckwell Neil Beagley Angela Fleming Sally Hammer Wing Li Craig Parsonage Kerri Van Dissel Elizabeth Beckwith Richard Fleming John Harvey Sandra Lunn Paige Perkins Con Vanco Peter Beckwith Christine Flynn Elizabeth Heath Wendy Mann Andrew Pontifex Craig Vinall Alistair Begg Emma Fraser Geoffrey Heithersay Jude Marlow Allan Pring Penny Wark Libby Broomhead John Frogley Scott Henchliffe Anne Marshall Michael Raphael Ian Watson AM Anne Brown Merry Frogley Henry Heuzenroeder Peter Marshall Carrol Reynolds Thomas Wightman Donald Brown Geoff Fry Alan Hill Craig Mason Barbara Rogers Tony Williams Ros Brown Sue Fuller John Holyoak Greg May David Rowe Allan Winter Barbara Burnet Allan Gilbert Skye Jarvis John McEntee Ken Russell Ian Wong Terry Burns Heather Gilbert Greg Jaunay Jack McKean Don Sarah AM Richard Wood Helen Burvill Michael Gilchrist Lyn Jaunay Marg McLeay Neil & Sally Sarah Timothy Wood Stephen Carapetis Crawford Giles Ross Johnson John Meijer James Sargent Patrick Woods Judith Carrig Mark Goddard Michael Johnston Ray Michell Tim Sennett David Worthley Gary Chenoweth Barbara Gower Peter Johnston Keith Middleton John Sharpe Anna Wyett Karen Chenoweth Quentin Gower Bill Jolley Kayoko Miki Duncan Soang Meredith Wyles Chai Ching Helen Greenslade Robert Jones Kym Millard Ian Southwood Jane Young Dean Clayton Christine Gun Anita Just Suzanne Moffatt Allen Stanley Robert Young Marc Colquhoun Eric Haan Geoff Kay Harry Moore Lynn Stewart *Deceased ^Past Member
The Kooyonga Foundation Inc. Statement of Income and Expenditure for the Year Ended 31 March 2020 BALANCE 1ST APRIL 2020 2019 $ $ Income: Kooyonga Foundation Golf Day 178,622 171,638 Annual Lottery and Other Fundraising Foundation Dinner Proceeds 37,467 33,110 Members Donations 22,523 19,894 Interest Received 9,282 4,350 Expenditure: 11,907 5,241 Contribution to Kooyonga Foundation Golf Academy Coaching Fees 1,847 819 Expenses for Elite Competitions 83,026 63,414 Kingston Heath Pennant Trip Contribution Women's Pennant Grant 2,060 40,000 Lottery and Raffle Prizes 4,466 3,739 Presentation Frames 3,450 3,562 Meeting Costs 3,800 5,000 Annual Lottery Printing & Postage Costs 3,805 Consultants Fees 2,997 Bank Fees 186 60 504 BALANCE AS AT 31ST MARCH 2020 275 905 18,546 167 56,430 243,102 178,622 Statement of Assets & Liabilities as at 31st March 2020 JB Were Bank Balance 202,453 178,977 Debtor - Kooyonga Golf Club 37,749 0 Debtors - Others 2,900 Sundry Creditor - Kooyonga Golf Club (355) 243,102 Balance to Statement above 178,622 Annual Report 2019/20 Page 63
The Kooyonga Foundation Inc. Annual Report Annual Report 2019/20 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
Search