Kooyonga Annual Report 2021-22

2021 - 2022 Annual Report

MISSION To provide members with an outstanding experience on a championship golf course while offering first class facilities and services VISION To be recognised as one of Australia’s premier golf clubs CORE VALUES A progressive and proud club that; Is respectful of its traditions Has a commitment to excellence Is inclusive Promotes the enjoyment of golf

CONTENTS 02 OFFICE BEARERS AND COMMITTEE 41 FINANCIAL STATEMENTS 04 CAPTAIN’S REPORT 46 STATEMENT OF FINANCIAL POSITION 08 COURSE 47 STATEMENT OF CHANGES IN EQUITY 16 HOUSE, EVENTS & HERITAGE 48 STATEMENT OF CASH FLOWS 20 FINANCE 49 NOTES OF THE ACCOUNTS 24 WOMEN’S SUB COMMITTEE 59 STATEMENT BY THE COMMITTEE 25 MEMBERSHIP 60 AUDIT REPORT 30 MATCH 62 FIVE YEAR SUMMARY 38 COMPETITION RESULTS 63 KOOYONGA FOUNDATION REPORT

ANNUAL REPORT OF THE COMMITTEE Office Bearers and Committee MR CRAWFORD GILES, CAPTAIN MR GEOFF KAY, VICE-CAPTAIN MR HARRY MOORE, PRESIDENT Attended 12 out of 12 GC meetings Attended 12 out of 12 GC meetings Not required to attend Committee meetings GC (Chair), W, LMN, C&H (Chair) FARG (Chair), C&W, C&H LMN (Chair) DR WALFORD THYER, VICE-PRESIDENT MR GEOFF BRENNAN, COMMITTEE MRS ZOEE DOLLING, COMMITTEE Not required to attend Committee meetings Attended 12 out of 12 GC meetings Attended 9 out of 12 GC meetings LMN M (Chair), C&W W (Chair), FARG, ME MR ROWAN FIELKE, COMMITTEE MR DAVID FRATERMAN, COMMITTEE MR MICHAEL GILROY, COMMITTEE Attended 10 out of 10 GC meetings Attended 12 out of 11 GC meetings Attended 10 out of 12 GC meetings FARG, C&W C&W (Chair), M, C&H HE&H (Chair), ME, C&H MR BEVAN O’CONNOR, COMMITTEE MR SIMON TAMKE, COMMITTEE MRS JILL TRENORDEN, COMMITTEE Attended 10 out of 10 GC meetings Attended 6 out of 10 GC meetings Attended 9 out of 12 GC meetings C&W, M ME (Chair), HE&H W, HE&H, C&H, C&W Retiring Committee members - Terry Anderson attended 2 of 2 meetings, Sam Atkins attended 2 of 2 meetings, Lynn Stewart attended 1 of 2 meetings. GC - General Committee. FARG - Finance, Audit, Risk & Governance. ME - Membership. C&W - Course & Water. M - Match. HE&H - House, Events & Heritage. W - Women’s Sub Committee. LMN - Life Membership Nominations. C&H - Centenary & History Book Taskforce. Annual Report 2021/22 Page 2

ANNUAL REPORT OF THE COMMITTEE 2021/22 Sub Committees / Task Forces FINANCE, AUDIT, RISK & GOVERNANCE WOMEN’S SUB COMMITTEE Geoff Kay (Chair) Zoee Dolling (Chair) Crawford Giles (ex officio) Crawford Giles (ex officio) Rowan Fielke Jill Trenorden (Head of Women’s Golf) Zoee Dolling Jodie Deacon (Head of Women’s Golf, retired Nov 21) Matt Ormsby (co-opted) Helen Berry Melissa Emmett (co-opted)* Barb Burnet General Manager General Manager Finance Manager Golf & Membership Manager MEMBERSHIP HOUSE, EVENTS & HERITAGE Simon Tamke (Chair) Michael Gilroy (Chair) Crawford Giles (ex officio) Crawford Giles (ex officio) Michael Gilroy Simon Tamke Zoee Dolling Jill Trenorden Helen Berry (co-opted)* Anne Brown (co-opted)* Matt Ormsby (co-opted) Lynley Marshall (co-opted)* General Manager General Manager Golf & Membership Manager Clubhouse Operations Manager COURSE & WATER INFRASTRUCTURE YOUNG MEMBERS TASKFORCE David Fraterman (Chair) Matt Ormsby (Chair co-opted) Crawford Giles (ex officio) Michael Gilroy Geoff Kay Ned Looker (co-opted) Geoff Brennan Isabelle Tye (co-opted) Rowan Fielke Bevan O’Connor LIFE MEMBER NOMINATIONS Jill Trenorden Christine Hildyard (co-opted)* Harry Moore - President (Chair) General Manager Walford Thyer - Vice President Course Superintendent Crawford Giles - Captain Bill Johnson - Club Historian MATCH COMMITTEE 100 YEAR CENTENARY & HISTORY Geoff Brennan (Chair) BOOK TASFORCE Crawford Giles (ex officio) David Fraterman Crawford Giles (Chair) Bevan O’Connor Geoff Kay Jill Trenorden Michael Gilroy Melissa Nelligan (co-opted)* David Fraterman Rachel Fry (co-opted) Jill Trenorden General Manager Helen Egar (co-opted) Golf & Membership Manager Bill Johnson (co-opted) General Manager *Co-opted from 1 May 2022 Marketing & Communications Manager Annual Report 2021/22 Page 3

ANNUAL REPORT OF THE COMMITTEE Captain’s Report 2022 is an exciting year as we enter believe this is a key reason why Kooyonga greater visitation to Kooyonga and a the 100th year of Kooyonga Golf Club continues to be the Club of choice for lift in both member and non member and look forward to celebrating our competitive golfers and what will see us function activity around the Club. I do ask Centenary in 2023. Members will now continue to be successful through to our for member perseverance with our staff be familiar with our Centenary Logo centenary and beyond. who are being exposed so much more and are able to purchase merchandise Salling Collings has been retained to than most of us to COVID-19 by virtue to join in the celebration from the Golf write the history for Kooyonga’s first of hosting members and guests and are Shop as new stock continues to arrive. 100 years and she is making excellent catching COVID-19 sometimes for 2nd It seems incredible that the paradise progress with over 40 members having and 3rd times. This is impacting our ability that I refer to as “the Home of Golf” was been interviewed, many filing cabinets to provide consistency in rostering and merely May’s Paddock 100 years ago of archives and Committee minutes as with most venues we are struggling to when HL “Cargie” Rymill chose to catch having been perused and much research recruit staff to assist as activity increases. the tram down Henley Beach Road. We having been provided to her by Grant Pleasingly, the course staff have largely will always be indebted to the foresight of Laidlaw and Bill Johnson who have not been impacted by COVID-19 Cargie, Edward Leaver and the Foundation long been working on maintaining the absences and along with working 2 shifts members who invested so heavily in the Club’s archives. We expect the book to to ensure that any contagion effect would creation of Kooyonga, but also to the be released prior to the end of 2022. not bring down all of our team, have been members and volunteers who have given The date of our gala celebration of 18 working at full capacity on the course and so much to Kooyonga over the past 99 March 2023 should firmly be in your diary the new pitching zone in recent months. years to allow today’s members to enjoy and a Centenary taskforce continues Pleasingly the efforts of Richard, Adam such a wonderful golf course, facilities to work diligently towards delivering an and the entire course team has been and most importantly, camaraderie. appropriate celebration for all Members. noticed and reflected in Kooyonga being It is very pertinent that Cargie was Having missed the opportunity to host ranked the 5th best conditioned course involved in the establishment and design the Women’s Australian Open in 2021 in Australia. Our ranking continues its of Kooyonga, Royal Adelaide, Grange and 2022, Committee were hopeful of downwards trend of the past 10 years and Glenelg, but once established, hosting in 2023 should the challenges and at 20 in Australia reflects a ranking all four clubs have been guided by of COVID-19 be resolved, and so we of 12 when adjusted for new pay-for- their respective Committees, staff were very disappointed to have been play courses or fully renovated courses, and members. Kooyonga has been advised by Golf Australia of their new putting our ranking very much in line very fortunate to have had only 5 long direction of hosting a combined male with our ranking of 10-14 during the standing Superintendents who have and female Australian Open in December period 1986 – 2008. No unrenovated or nurtured our course as well as only 6 2022 at Kingston Heath and Victoria Golf new club in the top 20 has improved its Head Professionals who have shown great Clubs. The tournament will no longer be ranking as much as Kooyonga since 2008. care and empathy with the members. sanctioned by the US LPGA but instead Course access continues to be a This consistency of staff has helped by the DP World Tour (old European Tour). challenge as rounds of golf continue at provide the foundation of our success We know the players enjoyed visiting an all time high with a forecast 53,000 and development of a great Australian Adelaide and loved Kooyonga when rounds this year. Course access is the golf club continually striving to provide we hosted the event in 2018. We look key driver for the reduction in Category 1 a Championship Golf Course and to forward to other quality Championship members from 525 to 450. We currently promote and foster the game of golf. I events being hosted at Kooyonga in the have 506 Category 1 members with at future. least 50 category 2 members wishing As I write this report I feel that a weight to upgrade, some of which may have to has been lifted from our collective spend up tp 4 or even 5 years waiting shoulders having recently passed the as we reduce the Category 1 quota. State and Federal elections and the This reduction in Category 1 members, majority of restrictions related to the whilst assisting with course access, has Omicron wave of COVID-19. Certainly, the a detrimental impact on Club finances impacts of isolations for those very many as we have fewer members paying 100% of us who have had COVID-19 continues, of the fees. As such, members will note but at least we are now at the point where a resolution to amend the Constitution it seems we are living with the disease in the Notice of the AGM to address this and can all get on with our lives. issue. To that extent we are seeing much Annual Report 2021/22 Page 4

ANNUAL REPORT OF THE COMMITTEE Captain’s Report The past 12 months has been a very busy one for the Club The Men’s team won the National Trophy for the first time in with the competition programme largely back in full including 39 years and the combined team made the final and lost to pennants where we brought home the Simpson Cup for Victoria on the last match of the day. Both Kyle and Matilda the 39th time and the Men’s Div 2 Senior Pennant as we represented the State admirably with excellent results against continued our quest to return to the Men’s Div 1 Senior outstanding competition. Pennant competition after a change in structure by Golf SA 3 The 2022 Junior State team had 3 representatives from years ago. Kooyonga with Imogen Jessen, Jaimie Hards and Josh Perhaps most excitingly as we approach our next 100 Grundel all performing with distinction. years was the win of our juniors in the McMillan Shield, an Bruce Lindner was also selected to represent Australia in a interclub competition that has been running for 49 years match against The Armed Forces. that Kooyonga has never won. The McMillan shield is a The level of State representation speaks volumes about our handicap matchplay competition open only to juniors who coaching team and High Performance culture that John have not played pennant, so essentially beginner golfers. Corbett has brought to the Club. John and all of our coaches Encouragingly, not only were we able to field a strong including PGA Trainees/Associates Darcy Salamon, Jordan contingent of juniors but we had more girls than boys which Kane and Ben Layton, and PGA Professional, Peter Cooke augers well for the future. are also ably supported by Susie Matthews and Josh Young Whilst the Interstate Series was not played in 2021, Kooyonga in Golf Operations and together have a wonderful focus on was the mainstay of the Golf SA Pennant Team of the Year members enjoyment and enabling members to improve their with 4 members selected in the Men’s team, Heath Riches, game where possible, in particular with our juniors. Will Somerfield, Joel Durnford and Frank Vucic while Matilda Whilst on high performance golf I would to congratulate Club Miels and Lyn McGough were selected in the Women’s team, Champions Joel Durnford and Matilda Miels, Club Junior with Lyn named as Captain. Champions, Freddie Cassell and Matilda Miels and Senior In 2021 the Interstate Series was competed for at Sorrento Champions Bruce Lindner and Margie Gregg. Golf Club with both Kyle Hayter and Matilda Miels making the mixed gender team consisting of 4 men and 4 women. KOOYONGA SIMPSON CUP WINNING TEAM 2021 PICTURED L-R: JOEL DURNFORD, KYLE HAYTER, HEATH RICHES, FRANK VUCIC, FREDDIE CASSELL, WILL SOMERFIELD, GEOFF BRENNAN

ANNUAL REPORT OF THE COMMITTEE Captain’s Report Committee have been very focused on Superintendent, at market rates and of the development. Committee has continuing our One Club governance provides both Richard and the course reviewed its 10 year cashflow and has model and have made significant strides with a favourable outcome as it is more forecast multiple scenarios including the in this regard with the proposal put at convenient for Richard to live on the likely one that foresees cost escalation the upcoming AGM that at least 20% property and certainly allows Richard of $1M and design refinement through of the Committee be of each gender easier access to monitor the course in the design process, but a product in and by Committee resolving to ensure times of urgent need. keeping with the standard of built form at least two females are on each Sub The biannual member survey completed at Kooyonga, which does extend the pay Committee with 3 on each of the House in March 2021 garnered a significant back period of the core “club house debt” and Match Committees, the 2 areas that amount of information and was by a further 12-18 months. the Women’s Committee historically summarized and responded to in Committee has continued to plan for spent most of its time deliberating. In October 2021 (click here to view). Of the long term including master planning order to ensure the gender balance particular note, the survey highlighted of the maintenance facility which on the Sub Committee’s, women have the increased use and importance requires expansion to house the modern been seconded to assist and have been placed on our practice and coaching equipment used to prepare the course inducted to the Committee process. facilities by members. This was the for play as well as upgrading the facilities I would like to thank those women driver of the Practice Facility upgrades for our staff to current day standards. who have committed to assist in the including the new short game area Our irrigation system is approaching governance of the Club and also Zoee and associated car park, new enlarged the last 10 years of its typical life Dolling and Jill Trenordan who have putting green, undercover pavilion and cycle. Planning for its replacement is assisted greatly in their roles as Chair cafeteria, 25m high net at the end of largely complete and with the recent of the Women’s Sub Committee and the practice fairway, new chipping green introduction of a water licence, whilst Head of Women’s Golf, in the process of with wider access, lights on the entire not being charged for water we are being transferring information through to the practice fairway facility and Trackman metred. A modern irrigation system will various Sub Committees and to Susie technology. As members would be aware enable much better control of exactly and Josh in Golf Operations to ensure a construction costs have been increasing where the water is deposited and the smooth transition. significantly and so Committee is waiting quantity of water used with most modern In December 2021, the opportunity on final tenders to be returned by systems resulting in up to 25-30% less to acquire 7 Willingale Avenue arose. builders. The construction documents water usage. Both of these investments Committee reviewed the opportunity were issued to builder for tender on are included in our 10 year cashflow against it’s policy criteria on surrounding 17 May and tenders close on 10 June along with a considerable “buffer” for property purchases and having passed 2022 (including for the toilet on the unforeseen events. the hurdles set by Committee, purchased 5th tee). Upon review of those tenders the opportunity. The property has been Committee will be in a better position leased to Richard James, our Course to advise the time line and final scope

ANNUAL REPORT OF THE COMMITTEE Captain’s Report The past year has provided us an The Kooyonga Foundation has been The Club cannot function and provide opportunity to “settle in” to the new ably led by Past Captain and incoming the services to members without the expansive clubhouse and has been President Walford Thyer for the last unyielding commitment from our widely received with great excitement 10 years. Walford has announced his General Manager, Brett Lewis, and his and fondness. The consistent use of retirement as Chair of The Kooyonga team including the Course staff led by the Edward Leaver Library and Business Foundation at the upcoming AGM, a Richard James, Golf Operations lead Centre has been pleasing and has period in which the Foundation has by Josh Young and Susie Matthews, expanded the services offering to transformed and has committed over our Professional team led by John typically younger members and those $100,000 to artworks, $500,000 to Corbett, Marketing & Communications able to work remotely. The Centenary the Golf Academy and $350,000 to the by Amanda Sewell, kitchen team lead by Room and Committee Room have been current Practice Facility Upgrade project. Zac Ronayne, Member hospitality led by a great success in terms of external hire Further, it has recently established a Di Paul and Tania Favaro and Functions and functions without impacting the capital fund where only a portion of the led by Natali Calvo and Peter Gordon. amenity of Members as well as the ability earnings will be spent in any period and This team has worked through incredibly to host large Club and member functions has $100,000 endowed in that fund post challenging conditions over the without inmpacting the layout and use it’s AGM. All the while the Foundation has pandemic coupled with the clubhouse of the Members’ Bar. The revised and continued to support Junior and Pennant build, and have maintained outstanding expanded honour boards have allowed golf at Kooyonga which success can be services to members and a key all of our playing history to be located in found in our current silverware and State contributor to the Kooyonga experience. one location and the Centenary Display Representatives at both junior and senior It has been a wonderful honour and cabinet which is in the process of being levels. privilege to serve as Captain of our great curated has created a wonderful spirit Whilst it has been a very busy past 12 Club and I thank all members for their amongst members searching for their months there has also been a number encouragement, feedback and support name in the list of members by decade of times to stop and reflect including and also thank the Committee and of joining. the passing of two of our Life Members, secondees to Sub Committees for their The Foundation has contributed John Muller and Don Rutherford as well hard work, consideration and skills in strongly to the history of the Club by the as a number of other members, each of guiding the Committee and Club. I look commissioning of the Tsering Hannaford whom were very dear to many if not all forward to the winter golfing season HL “Cargie” Rymill painting which is of us. We have particularly reflected on completing in our 100th year and our hanging in the Rymill Dining Room and the contributions of John and Don in this celebration of achieving our centenary May’s Paddock, painted by Sam Leech, report and I encourage all members to in 2023. which is hanging at Reception, which peruse their contributions and to raise a Crawford Giles depicts a number of the characters of glass to those other members who have Captain Kooyonga over our first century. passed in the last year.

ANNUAL REPORT OF THE COMMITTEE Course I think the membership would imperative that member’s take good considered that there was no green concur that the golf course was care of the golf course. Failing to in urgent need of replacement. In maintained at an extremely high do so can impact other member’s 2022 we are upgrading the practice standard for most of the year. The enjoyment of the course, which we facilities including a new enlarged acid test for any golf course is the obviously wish to avoid. Repairing practice putting green, although not feedback you get from visitors pitch marks, sanding divots and raking replacing a green on the course proper. and in particular those visitors bunkers are things that members We will continue to monitor greens involved in the golf industry. I had need to consistently do. I thank you in and replace them as they are needed, the privilege of playing with Peter anticipation of your on going efforts in thus avoiding the mass replacement Lonard during the year and he was this regard. programs that other golf courses are glowing in his assessment of the The impact of COVID-19 has continued doing. course. He claimed it was the best through the year, with the Groundstaff The funds invested in green course he had played for a number persisting well through the majority replacement were re-deployed of years. of the past 12 months whilst working in 2021/22 to focus on the “one This was further backed up by the Golf under some form of restriction, with percenters” and for smaller projects Digest ratings which saw Kooyonga split groups almost accepted now as like the 2nd and 4th tee extensions. jump a further 2 places to number the normal structure. The majority of 2ND TEE WORKS 20 in the country. Golf Digest also the year has seen the group separated The back tee on the 2nd received a ranked Australian courses based on into 2 groups with alternate start facelift during September and October, their condition/presentation and and break times, which although when we removed the declining Kooyonga came in at number 5. Our challenging at times, thankfully Melaleuca’s on the left-hand side of long term objective is to lift our status has not had too large an impact on the 2nd back tee. The installation of a to be considered the best conditioned the group. There have been many retaining wall and brush fence allowed course in the country. instances of the group being impacted the tee width to be increased, and With the significant increase in by COVID-19 protocols, however the we gained an additional 10 meters of member rounds, its now even more group continues to be a great bunch length. Following irrigation extensions, of professional and highly valued staff the extended tee was levelled and that are dedicated to maintaining and sodded with Santa ana, tying it into the presenting a golf course of the highest existing turf. The space along the fence quality. line has been planted with similar trees For many years now we have been and shrubs to those successfully used replacing 1 green every year such that at the 12th tee. no green is older than 18 years. The 2021 year was the first year where we varied this policy following trials of PoaCure to control and remove poa annua from greens. The more recent developments in green maintenance technology has served us well and we COURSE RATING IRRIGATION RAINFALL #20 Irrigation used on course 386mm Rated in Golf Digest Magazine 2022 206mL INCREASE FROM 373MM IN 2020/21 ROSE FROM #22 IN 2020 COMPARED TO 223ML IN 2020/21 Annual Report 2021/22 Page 8

ANNUAL REPORT OF THE COMMITTEE Course 4TH TEE WORKS greens replacement activities on course in the coming 12 Works in and around the 4th tee complex took place in months, the groundstaff will still be very busy completing the November. This was the tightest teeing space on course, and major construction works involved with the practice facility turf quality was often compromised due to limited options upgrades. Given the nature of this area, maintenance will be for marker placement and traffic movement and reduced critical to having premium playing surfaces on a daily basis. sunlight. With the removal of multiple Callitris and Melaleuca We will be asking members to play their role in sanding divots trees and the reshaping of mounding we gained another 8m and repairing pitch marks in this area. of forward teeing ground and 10 metres to the rear. We also TURF NURSERIES gained additional area for traffic flow and standing room. With the loss of the nursery space to the rear of the 2nd tee While in the area, the 9th championship tee was slightly we have undertaken some expansion works at the 6th tee. enlarged and raised to allow for better views down the 9th With some tree removal and reshaping to the eastern and fairway while a turf path was created from the current 9th southern sides of the existing turf area, we have increased blue tee for improved access. our bentgrass capacity in this area by 500 m2, from 1,000m2 SHORT GAME AREA 1,500m2. This will prove to be beneficial with future greens The creation of the new short game precinct in the area of replacements and maintenance of couch encroachment in our 2nd tee nursery is an exciting development for the Club the bent collars. There are also plans to establish a 200m2 and will provide members with some of the best chipping area of Santa ana couch nursery at the southern end of the and pitching facilities in the country. 2,385 tonnes of Tailem 6th tee nursery site. This will be ready for harvest in summer, Bend sand was trucked into the area. This enabled the and will be used for minor couch repairs in lieu of removing establishment of a 1,579m2 area of bentgrass, consisting of couch from the practice fairway or the 19th hole. a 1,165m2 green and a 414m2 bent collar, with numerous There are plans to create a new area of bentgrass nursery, pin options and extensive surrounds with multiple areas from along the boundary to the left of the 5th hole , which would which to chip. In this area, members will be able to replicate provide an additional 1,000m2 to 1,200m2 of bentgrass. This shots they play on the course. new area in conjunction with the expanded 6th tee nursery Establishment of the vegetation on the surrounds is well will provide around 2,700m2, which is nearing what we had underway, as is construction of the access path from the prior to constructing the new short game area adjacent to bottom of the practice fairway. Whilst the installation of the the 2nd tee. To put things in perspective we require 800- safety netting and carpark at the end of the practice fairway 1,000m2 of turf to complete an average new green and collar. will be largely civil works, there will be a large block of works Along with a source of turf for greens redevelopment, the for the groundstaff to complete in reshaping and re-irrigation nurseries will provide a source of bentgrass turf to be used of the end of the practice fairway and establishment of to maintain a multi-faceted approach to weed management vegetation to screen the area. The coming months will also on and around the greens. In conjunction with continuing see a continuation of construction works on the clubhouse the use of new selective herbicides which has enabled us to end of the practice facility upgrade, including construction reduce the percentage of poa in many of our older greens, the of a large putting green along the rear of the practice tee. bent nurseries will provide plugs to be utilised in our efforts to A reworked chipping facility is also to be completed, along maintain poa free putting surfaces along with being a source with renovation activities to the entirety of the practice of turf to continue bent collar replacement as a method of fairway to improve its turf quality. So, while there will be no keeping couch encroachment under control. STIMP SPEED MAINTENANCE PLANTING 12” $50.5K 452 An increase in the average stimpeter Course maintenance Trees and shrubs reading (all days) cost in 2021/22 planted in 2021/22 per 30 hectares of 11’ 8” IN 2020/21 maintained turf Annual Report 2021/22 Page 9

ANNUAL REPORT OF THE COMMITTEE Course DRAINAGE Two drainage systems were installed in the 18th fairway, similar to systems installed on the 16th and 17th fairways in recent years with both draining into the burn. VEGETATION PLAN WORKS An annual review of the Vegetation Plan was carried out to consider the merits of works completed in the year and also to consider future works required. Having this plan enables there to be a consistent approach to managing vegetation across the course over time. Among the activities in this plan (click here to view) are proposed works left of the rear of the 4th green and adjacent the 5th tee in conjunction with the construction of the on course toilet facility, which will require some clearing of vegetation beside the 5th tee. Plans are underway to remove the declining Melaleuca on the fence line along the 4th green as undertaken on the 2nd tee which will be replaced with species that will not encroach into the area and will tie into the new screening plantings around the new toilet block. This will widen the traffic corridor along the 4th green and to the 5th tee and will assist in maintaining a better surface in a high traffic area. Enhancement of the wetland area to the north of the toilet area will also be undertaken, with reed removal and replanting. Vegetation works completed during the year included: • Strengthening of the native vegetation on the right side of the 12th fairway, approximately 250 metres off the tee; • Extending the native vegetation behind the 17th tee and short right of the 16th green to provide a further hazard, to improve safety and re route traffic to the 17th tee; • Removal of the wedge of vegetation at the end of the path from tee to green on the 3rd, which has created a wider path exit sodded with Santa Ana that transitions nicely into the fairway.

ANNUAL REPORT OF THE COMMITTEE Course STORM DAMAGE office space. The former offices have been incorporated into Some unplanned vegetation works occurred in late July the lunchroom, affording increased space and improved when a mini tornado crossed the course and caused a amenities for the groundstaff during meal breaks and narrow band of destruction across holes 5, 6, 11, 12 & 1. staff meetings. We have also created a staff hub, where Two large tees were up-rooted on the left of the 5th fairway, groundstaff can complete daily administrative tasks and and some smaller trees blown over on the 12th and 1st have access to important information and reference holes. Two large pine trees to the left of the 6th fairway material necessary in the course of their daily tasks. also sustained damage to their root structures and had to One of the many risks in maintaining the course and be removed. Replanting’s were carried out in all areas to surrounds is the safe handling and application of chemicals. replace what was lost. In response to an application error at an interstate club MAINTENANCE FACILITY where a number of greens were lost, we have re-evaluated Planning and development for future upgrades to the our procedures around access, storage and application of maintenance shed are all but complete, with preliminary chemicals and have made a number of changes to further design costings underway of a small section of shedding reduce this risk. on the northern side of the maintenance shed as an We now have a dedicated, independent “Greens” pesticide initial stage to increase shedding capacity for our fleet of store, which is separate to the main pesticide store with machinery that is currently tightly stored. individual locks that can only be accessed by supervisors for This year we installed a demountable building within the storing spray equipment and products that are registered maintenance compound to house the administration and to be applied to bentgrass. When greens applications irrigation offices. The new building allows an increased are required, the new greens area will be accessed amount of room for necessary administrative tasks, along independently under appropriate supervisory conditions with a separate irrigation office with room for displaying without the need to access the other pesticide store to irrigation maps and a dedicated meeting area within the prepare spray mixes, which will see us be as accurate and risk averse as we can be in applying products to the greens.



ANNUAL REPORT OF THE COMMITTEE Course IRRIGATION MATTERS the purchase of an Air2G2 and instituting a program of Planning for the replacement of the irrigation system completing 6 greens on a weekly basis, we dropped the use continued during the year. While there is no immediate of the tractor mounted verti-drain from the greens program, need to replace our system, technology has moved on and which along with the manual core harvest maintained has highlighted how out dated our system is. One of the surface smoothness and assisted recovery times. key beneifts of upgrading is that we can better control the Topdressing sand, pre-blended with amendments including irrigation of certain areas of the course including secondary calcium, humates and pH adjustments was brushed into rough areas. At present water is being applied in areas we core holes, with additional granular products and a plant would rather it not. The membership will be kept up to date health drench applied followed by a deep irrigation cycle to as things progress in this regard. complete the greens program. The 2021/22 year is the first season with a set bore water Fairways were scarified to a depth of 25mm, with a follow allocation of 229mL. We are projecting to use 211mL of up of debris removal and circle cut followed by verti mowing water to the end of June, compared to 223mL in 2020/21, to impact grain and encourage refinement of the couch. All and 248mL in 2019/20. This has been aided by a fairways were top-dressed with sand to smooth the playing reasonably mild summer with only 28 days over 30°C and 6 surface and aid recovery, with a total of 206 tonne of Tailem days over 35°C. All major irrigation infrastructure performed Bend sand spread. Gypsum was also spread onto fairways well during the past irrigation season, with bore salinity with known, poorer soil structure. levels and overall condition remaining steady with minimal Recovery of all areas was monitored closely, with the change. Management of our water allocation is critical weather being a little cooler impacting the couch recovery and will continue to be monitored monthly by the Course time slightly. Points of note from this year’s results included Committee. ensuring accuracy of fairway scarifying, increasing sand RENOVATIONS applied in topdressing for increased smoothness and timing Annual course renovations were carried out in mid-October, of fertiliser applications. Also noted was the successful with each turf surface receiving necessary renovations to recovery of the bentgrass surfaces, indicating our efforts keep them performing as high-quality surfaces. All greens to reduce mechanical traffic on the greens had the positive were hollow tyned, with cores collected by hand. Due to impact we sought. Annual Report 2021/22 Page 13

ANNUAL REPORT OF THE COMMITTEE Course STAFF We saw a change in the Course Foreman’s role late in 2021, with Thomas Burridge, having only been back with us for just under a year, leave the industry and move on to other things. Thankfully, we had a replacement within the group, with Matt Gates offered the opportunity to step up into this important role within the staff structure. Matt continues to gain knowledge and experience and is currently working through the latter stages of his Diploma of Horticulture. Our long serving gardener, Malcolm Campbell hung up the secateurs during March (on his 75th birthday). Malcolm was on staff as a permanent part time employee for the last few years, following on from a long period of time where he was engaged as a sub-contractor to maintain the club gardens, along with assisting with some tree watering and minor course maintenance items. Malcolm’s knowledge and experience will certainly be missed, however we wish him well in retirement and look forward to offering opportunities to others in the roles that Malcolm completed for us. I would like to acknowledge the on going efforts of Richard, Adam and their course team. Greenkeeping is a relentless job, with early starts, variable weather and flying golf balls all adding to the daily challenges they face. We are very fortunate at Kooyonga to have such a strong green keeping team that is fully invested in the objectives of the Club. On behalf of all members I thank them for their outstanding work this year. I also take this opportunity to thank Course Committee for their contribution to Kooyonga and to Crafter + Mogford, Course Architects for their support. David Fraterman Chair - Course & Water Infrastructure Annual Report 2021/22 Page 14



ANNUAL REPORT OF THE COMMITTEE House, Events & Heritage T he last 12 months the pressures of his domestic setup were incompatible has been another with the requirements of the role at Kooyonga and challenging period for subsequently resigned after just 3 months of employment. the House Committee Following David’s departure, we restructured the hospitality and clubhouse management team which resulted in Natali Calvo taking on operations staff the role of Function Manager and sisters, Di Paul and Tania with ever changing Favaro accepting joint full-time positions of Members Bar COVID-19 restrictions & Restaurant Manager, focusing on delivering high quality causing ongoing trading service and training and development of staff to Kooyonga difficulties throughout standards. the year. Zac Ronayne continues to excel as our Head Chef after 18 months in the role, with consistent feedback that his I am sure members recognise that these issues were not food quality is on par with the best chefs in Adelaide. Zac is isolated to Kooyonga but were experienced across the entire fortunate to be supported by a fantastic kitchen team and hospitality and tourism industry in South Australia. I thank each and every one of them for their contributions We are fortunate to have a loyal membership base who to our success, in particular our Sous Chef John “Yani” continued to support the Club, but unfortunately, the Club Panagiotakopoulos. has been unable to really capitalise on the honeymoon The focus of the House, Events & Heritage Committee phase after the official re-opening of the new clubhouse this year has been to add additional warmth and finishing facilities in February 2021 due to the uncertainties of touches to the new clubhouse. The fabulous “May’s COVID-19. Paddock” art piece by Archibald prize winner, Sam Leach Despite these challenges, I want to congratulate and thank was hung at reception mid-year and really helps lift the the entire hospitality team for the outstanding food and entry to our clubhouse. We have rented various pieces beverage service at Kooyonga over the last year despite the of art for the Centenary Room and visitors corridor to lift inconveniences experienced by the Coronavirus pandemic. these zones while we finalise the interior design of Club Almost all of our hospitality staff members both front of memorabilia for display. house and in the kitchen have experienced COVID-19 at In conjunction with the Centenary Taskforce and Sally some stage during the year, which at times put significant Collings who is writing the new history book, further work pressure on the balance of the team to deliver the quality has been undertaken in recent months to help curate the of service members have come to enjoy. I can assure display case in the members corridor to showcase special you that the team remained fully committed to our high achievements and key events from the Club’s 100 years of service principles and went above and beyond in difficult history. We plan to unveil this display in the lead up to our circumstances to exceed member expectations. centenary celebrations. Our hospitality management team has gone through some change over the last 12 months after Clubhouse Operations Manager, Anna Fontaine resigned and finished duties in June 2021. Anna’s replacement, David Boggan found F&B REVENUE F&B SPEND F&B ORDERS $1.954M Average spend in 127,500 F&B revenue in 2021/22 members bar per round Food & beverage orders of golf; in Members’ Bar UP 10% PRE-COVID-19 AND CLUBHOUSE RENOVATIONS $23.41 AVERAGE OF 350 TRANSACTIONS PER DAY 13% INCREASE PRE-COVID-19 AND CLUBHOUSE RENOVATIONS Annual Report 2021/22 Page 16

‘May’s Paddock’ by Sam Leach With the renovated clubhouse now in excess of 12 months is to improve the landscaping and vegetation plantings old, the attention of the House Committee has gone from throughout the carpark that will include the growing of design and construct to one of general maintenance and hedging plants in various locations. upkeep. We are in the process of developing a detailed The House Committee are still considering options to maintenance plan to ensure the clubhouse building, improve the halfway hut, which is not representative of our surrounds and all plant and equipment within it can be high standards. We had deferred any significant expenditure maintained to a high standard for many years to come. on refurbishment of the hut while we investigated the As part of this process, the House Committee reviewed possibility of acquiring the property adjacent at 3 Acacia the carpark layout in mid-2021 after feedback that some Avenue, however when this property was sold to a third party members were having to park on May Terrace during the busy in late 2021, Committee recommenced discussions in this Wednesday and Saturday “cross-over” periods. The review regard. Minor works, including a general spring clean and identified the opportunity to add an additional 15 carpark the purchase of a new BBQ have improved the hut in recent spaces by reducing some of the garden areas and the verges months, however further consideration is required on more at the end of the car park aisles, along with eliminating the substantial renovations to this building to be completed in pedestrian path which flows east - west through the middle due course. The new on-course toilet facility at the 5th tee of the car park. This work was completed in December 2021 and pavilion and extension to the golf academy have been and the incidences of members parking on May Terrace has prioritised for construction over the next 6-12 months, so any reduced considerably. major renovations to the halfway hut will not occur prior to We also took the opportunity to replace the brush fence 2024. between the entry and exit gates to the carpark and the new fence is an aesthetic improvement. Our next priority GUEST SPEND FUNCTION PROFIT FUNCTION REVENUE $98 $280K 37.5% Average spend per guest at functions Profit from functions in of total F&B revenue was 2021/22 from function activity COMPARED TO $83 IN 2020/21 INCLUDING CORPORATE GREEN FEES COMPARED TO 42% PRE-COVID-19 AND CLUBHOUSE RENOVATIONS Annual Report 2021/22 Page 17

ANNUAL REPORT OF THE COMMITTEE House, Events & Heritage The House Committee will also review our wine collection Unfortunately, it was not economically viable to host the and develop a plan for future wine purchases over the next sit down dinner event at Kooyonga, with in excess of 500 12 months, taking into account the capacity of the new members and guests expected to attend the function. wine room and member interest in cellared wines. We have However, there will be a number of other centenary events doubled our wine stockholding since the clubhouse was held throughout the year, including a launch event similar in re-opened and wine sales have grown in excess of 33%, so style to our highly successful clubhouse opening event held we are keen to develop a plan that will allow us to regularly in February 2021. The House Committee will keep members release back vintages of certain wines as a value add to the well informed of key event dates as they are finalized over membership. the coming months. The centenary celebrations will be a key focus of attention The 2021/22 social calendar was impacted by COVID-19 for the House Committee over the next 12 months as we restrictions as mentioned above, but we did successfully organise and deliver a variety of social events as part of host regular social events including the Medallist Dinner, RS our celebrations. The Captain recently announced the date Thompson Golf & Dinner Event, Melbourne Cup Luncheon, of our Grand Centenary Celebration which will be held on Christmas Twilight, Women’s Christmas Lunch, Family Fun Saturday 18 March 2023 at Adelaide Oval. I encourage all Day and the President’s Team v’s Captain’s team lunch and members to enter this date in their diary. golf event. In addition, we ran three successful wine events MEDALLIST DINNER FAMILY FUN DAY PIZZA NIGHT TWILIGHT

ANNUAL REPORT OF THE COMMITTEE House, Events & Heritage showcasing wines from Jim Barry, Schubert & Rusden Wines pre-COVID-19 levels, we look forward to increased utilisation which were well supported by the membership. The Young of the clubhouse and hospitality services in the year ahead. members taskforce led by Matthew Ormsby, Ned Looker and We have a clubhouse that members can proudly invite family Isabelle Tye organized a golf and social event for younger and friends to enjoy, so I encourage members to utilise the members which was attended by in excess of 50 members facility and promote the high-quality hospitality services and guests. The House Committee are now planning on offer at the Club. I remind members to actively promote other social events for the coming months including a our social membership to non-golfing family members and black-tie cocktail party to be held in the Centenary Room colleagues to attract and promote growth in utilisation of in spring with input from the Young Members Taskforce, the Club. a Champagne lunch in July and a Torbreck Wine lunch In closing, I wish to express my sincere thanks and in August. Our social functions are a great way to build appreciation to my fellow Committee members for their camaraderie and spirit within the Club and I really do contributions and efforts over the last 12 months. encourage members to get involved and get to know other Michael Gilroy members in a social environment. Chair - House, Events & Heritage Committee With COVID-19 restrictions now behind us and general confidence in organising events and dining out returning to WOMEN’S CHRISTMAS LUNCH PRESIDENT’S V CAPTAIN’S TEAM EVENT MELBOURNE CUP BEST DRESSED

ANNUAL REPORT OF THE COMMITTEE Finance The operating result for The below commentary provides a brief explanation of our the 2021/22 financial trading performance compared to last year and an outline year was a surplus of of the main cost items that offset the additional income $271.6K, a decline of referred to above: $108.3K over last year’s • Profitability from our house operations increased by result which did include an additional $734.8K in $97K in 2021/22 due to the softening of COVID-19 Government subsidies restrictions over the last 12 months. This is in in the form of Jobkeeper comparison to periods of clubhouse closure, heavy and the cashflow boost COVID-19 restrictions and impacts of temporary received in response to clubhouse facilities during renovations in the 2020/21 COVID-19. year which reduced our ability to generate income As was the case last year, it is difficult to fully compare the and profitability from external functions and events. financial result against last year and budget due to the Our annual food and beverage income increased by impacts of COVID-19 restrictions on our daily operations, a combined $620K (45.8%) compared to last year, of however, the below table provides a quick reference to which $355.5K related to an increase in third party explain the key movements in our financial performance events and member functions, while the remaining compared to last year. $264.5K related to increases in member food and I encourage members to read the Financial Statements beverage sales via the Members’ Bar. Our gross profit included within this annual report for more detailed percentages for both food and beverage sales remain information. 2-3% below historical levels achieved due to impacts of supply chain and inflationary price increases yet to 2020/21 Operating Surplus $ 379,920 be passed on in our menu prices. Salaries and wages in Add: Increase in subscription fees 294,068 hospitality remain high as a percentage of revenue as Add: Increase in Hospitality (net) 97,333 we continue to focus on providing the high service levels Add: Increase in Golf (net) 357,946 that members have come to expect and appreciate. Add: Reduction in Asset Write-offs 317,868 The impacts of COVID-19 outbreaks within our staff Less: Decrease in Government subsidies (734,775) structure also resulted in additional labour costs. Less: Decrease in entrance fees (29,032) The impacts of COVID-19 and clubhouse renovations Less: Increase in Depreciation Costs (143,891) over the last 2-3 years continue to highlight the value Less: Increase in Interest Costs & Bank Fees (26,169) of external income to the profitability of our hospitality Less: Increase in Payroll Tax operations, as such activity improves our gross profit Less: Increase in Overhead Costs (112,360) margins and wage efficiency without significant Other: (145,959) increase in overhead costs. As previously mentioned, our strategic goal is to generate a break-even result for 16,701 hospitality, which remains achievable in the foreseeable future. We will experience growth in function revenue in the year ahead, however the number of third-party functions and events is not expected to peak until 2023/24. 2021/22 Operating Surplus $ 271,650 On a cash basis we achieved a cash operating surplus of $1.325M for the 2021/22 year, a $325K increase on the cash surplus of $1M achieved last financial year excluding the Government incentives. The additional cash surplus is primarily due to the additional subscription fee, green fee and hospitality income compared to last year that was significantly affected by COVID-19 restrictions and border closures and is in line with our 10 year cashflow forecasts. Annual Report 2021/22 Page 20

ANNUAL REPORT OF THE COMMITTEE Finance • Profitability from our golf shop retail operations • The Club purchased a second surrounding property at increased sharply by $357K compared to last year due to 7 Willingale Avenue in December 2021 for $1.840M a $80K increase in green fees from corporate golf events including stamp duty, fees and charges. The property and $134K increase in member introduced and visitor has been split between a value of $445K for the dwelling green fees due to easing of COVID-19 restrictions and and balance of $1.390M for the land within the balance the re-opening of borders in early 2022. Please note that sheet. The property has been rented to our Course while green fee income grew year on year, income from Superintendent. The Club now owns two properties side these sources remains 5% below traditional levels pre- by side, with the financial statements showing a net COVID-19. Our retail golf shop sales grew substantially cost of $23K of ownership for the two properties for the by 25% compared to last year, exceeding our best annual financial year after accounting for interest, depreciation result by 19.5% thanks to strong turnover in all categories and property management fees. including 30% in hardware (club equipment) sales. Our income from range bucket sales grew 35%, a consistent • Entrance fee income was $338K for 2021/22 compared trend highlighting that members are investing additional to $367K reported last year. I remind members of a time on the driving range to improve their game which change in accounting standards that impacts the supports our plans to upgrade our facilities as is recognition of entrance fee revenue from 1 April 2019 commented on in the Captain’s Report. as referred to in Note 1 of the Financial Statements and the Statement by Committee. This change in recognition • Course operating expenses increased by only $6.5K or resulted in a $109K increase in entrance fee revenue 0.3% compared to last year. Wage costs grew by $63K or reported for the 2021/22 financial year. Committee 6% due to annual salary growth and the use of additional remains of the view that the entrance fee revenue casual labour to assist with renovations and weed control reported as $228,965 in the cashflow statement during the year. We also spent an additional $16K on provides more useful information to the users of the vegetation and tree maintenance following the mini Financial Statements. This compares with $309.5K for cyclone that hit Kooyonga on a Wednesday morning 2020/21. The decline in entrance fees is a result of the during the year and unfortunately felled or damaged Committee’s decision to maintain a waiting list and hold a number of large gums and pines that resulted in off any induction of Category 2 male members until the significant clean-up costs. These additional costs were overall reduction of 75 playing members is achieved over offset by general savings in the use of chemicals, plant the next couple of years. maintenance and depreciation. 2022/23 BUDGET • House operating expenses increased by $178K The 2022/23 budget was developed with a view to continue compared to last year primarily due to the $142K to provide outstanding services and facilities to members. increase in depreciation related to the new clubhouse The Committee approved a 6% subscription fee increase in facilities. We also spent an additional $33K on cleaning line with the funding model announced in September 2020 the clubhouse as well as $12K on additional laundry to help facilitate a 15% reduction in Category 1 members costs, noting there were some savings in these expense from 525 to 450 over three years to help improve members’ lines in the comparative 2020/21 year due to clubhouse tee access to the course. In the 2022/23 year, we have closures due to COVID-19. budgeted for a reduction of 25 Category 1 members via natural attrition, which will leave us with 485 Category 1 • Administration expenses increased by $188K compared members and just over the halfway point of our overall to last year primarily due to a $112.5K of payroll tax membership reduction. remissions expiring as part of a State Government The Committee continues to carefully manage discretionary COVID-19 relief package. In addition administration costs without compromising our key strategic vision to salaries grew by $44K or 8.5%, noting we benefited from be recognised as one of Australia’s premier clubs. Our some administration salary savings in 2020/21 due to combined administration, course and clubhouse operating COVID-19 and the standing down of staff for periods of costs have increased by an average of 3% over the last the year. 6 years, however in the year ahead we expect additional cost increases associated with the well-publicised rise • Finance costs and bank fees increased by $26K in inflation, including wages. Approximately 50% of the compared to last year due to the use of Commonwealth additional costs included in the 2022/23 budget have been Bank loan facilities for longer periods of the year to help directed towards maintaining the course, our core asset, to finance the cost of the clubhouse redevelopment that the highest possible standard. was completed in September 2020. Annual Report 2021/22 Page 21

ANNUAL REPORT OF THE COMMITTEE Finance The 2022/23 budget forecasts an operating loss of $125K The main building works associated with these projects prior to entrance fees and interest costs. The overall budget announced to members in 2021 are currently out to tender result after accounting for these items is a forecast deficit of with final costings to be reviewed and approved by the $100K for the 2022/23 financial year. I noted that on a cash Committee prior to appointing a builder and commencing basis, we are budgeting an annual cash operating surplus of construction in the second half of 2022. $1M prior to capital expenditure and loan repayments. CASHFLOW With hospitality and golf trading income expected to grow Our net bank balance (debt) was $(5.584)M on 31 March post COVID-19, our goal is to achieve a break-even operating 2022, calculated by totalling the bank and loan facilities result (EBI) within two years without compromising the listed below: quality of our membership offering. CAPITAL EXPENDITURE Bank & Loan Facilities (2.445)M For the 2021/22 year the Club spent $2.650M in total (1.263)M capital expenditure which was funded from the annual cash CBA Loan facility - clubhouse project (1.797)M operating surplus of $1.325M, loan facilities of $1.04M CBA Loan facility - 5 Willingale Avenue (0.250)M and the remaining from cash reserves. Major items of CBA Loan facility - 7 Willingale Avenue capital expenditure included $1.840M for the purchase Kooyonga Foundation Loan Facility 0.171M of 7 Willingale Avenue, $410K in costs associated with the CBA Transaction Account Balance development of the new short game area and a deposit on the purchase of the new safety net for the southern end Net Bank Balance (Debt) $ (5.584)M of the driving range. Other items of capital expenditure included $107.5K for new furniture items for the new During the 2021/22 financial year the Club repaid $773,000 clubhouse, $62K on the carpark upgrade, $70k for course of the clubhouse project loan balance as well as $24,500 works including the extensions of the 2nd and 4th tees and $43,333 respectively off the two property loans that are complexes, drainage works and irrigation extensions, $42K being amortised over a 30-year period. on a demountable building and associated upgrades at the Members will observe within the Balance Sheet and Note 11 maintenance facility and $40K on a bathroom upgrade at to the Accounts that the loan facilities have been separated 5 Willingale Avenue, while the balance was for replacement into current and non-current liabilities. This relates to the assets to operate the Club. 3-year term of our clubhouse loan with the Commonwealth We have budgeted $2.85M in capital expenditure in the Bank of Australia that is due for rollover in July 2022.The 2022/23 financial year including the construction of the accounting standards require us to show a current liability on-course toilet facility at the 5th tee, the installation of the for the full repayment of this loan on expiry despite the new safety net and carpark to access the short game area, bank’s strong commitment to re-negotiate the loan with the construction of the expanded golf academy with pavilion Club for a further period of 3 years. and lights as well as all associated works to develop the new putting green and chipping complex. ACCOUNTING PROFIT CASH PROFIT CAPITAL EXPENSE 271k $1.325M $2.65M Cash profit for Accounting Profit 2021/22 2021/22 Capital expenditure in 2021/22 BUDGETED LOSS OF 125K FOR FORECAST CASH PROFIT OF 2022/23 DUE TO REDUCTION $1M FOR 2022/23 INCLUDED $1.84M FOR PROPERTY IN PLAYING MEMBERS, LOWER PURCHASE AT 7 WILLINGALE AVE ENTRANCE FEES, ADDITIONAL LABOUR ON COURSE, INFLATIONARY COST INCREASES Annual Report 2021/22 Page 22

ANNUAL REPORT OF THE COMMITTEE Finance As part of the re-negotiation of the clubhouse loan, THANK YOU Committee have requested an increase in its overall I take this opportunity to thank my fellow Committee borrowing limit from the Commonwealth Bank of Australia members for their valued assistance and contributions from $4.5M to $6.0M to provide an additional buffer for the over the last 12 months on the Finance, Audit, Risk and projects to be completed in 2022/23 and any uncertainties Governance Committee. with costs during the construction phase. The detailed design process of the practice facilitiy project Geoff Kay over the past 6-8 months has coincided with significant Chair – Finance, Audit, Risk & Governance Committee price increases experienced across the building industry resulting in our cost estimates in the lead up to tender calculate the overall cost to be in the vicinity of $2.75M. The Committee originally indicated at the member information session in November 2021 that the cost of the practice facility upgrade was to be in the vicinity of $1.75M and would be fully funded within the Club’s existing cashflow forecast without impacting the repayment timeframe of the Clubhouse debt to be fully repaid by 2026/27. The $1M expected increase in cost for the project (to be confirmed at tender) will add 12-18 months to the total loan repayment timeframe. The Committee remains extremely confident in the Club’s ability to generate sufficient annual cash surpluses to invest in these infrastructure projects for the benefits of current and future members and repay any associated debt over a manageable 5-7 year period. The Club’s future cashflows will remain strong if we can maintain an active waiting list of potential members ready to join the Club. The Committee strongly believes our best opportunity to attract new members is to continue to maintain a golf course of the highest quality while providing unique and contemporary membership facilities and services not offered by our competitors. BANK DEBT BUDGET PEAK DEBT $5.585M $2.85M $8.75M Net bank debit as at Budgeted capital Forecast for 31 March 2022 expenditure 2022/23 February 2023 INCLUDES $3.05M IN INCLUDING $2.5M ON PRACTICE WILLINGALE AVE PROPERTY LOANS FACILITY UPGRADE AND ON COURSE TOILET AT 5TH TEE Annual Report 2021/22 Page 23

ANNUAL REPORT OF THE COMMITTEE Women’s Sub Committee The last 12 months We have also continued the transition of our leadership and for the Women’s Sub governance at the Club, to ensure representation on all Sub Committee saw a nearly Committee’s by women. We welcome and thank Helen Berry, full completion of the Anne Brown, Melissa Emmett, Rachel Fry, Christine Hildyard, women’s golf season, Melissa Nelligan and Lynley Marshall who will sit on House, under the leadership Match, Finance, Course and Membership Sub Committee’s this of Jodie Deacon as year. We now have two women on General Committee and all the inaugural Head of Sub Committee’s, and they ensure that any work previously Women’s Golf. Jodie performed by the Women’s Committee are now addressed did an outstanding within the relevant Sub Committee’s agenda and reported to job steering us all Committee each month. through an interrupted We have updated policies to formalise the role of Head of and ever changing Women’s Golf, and updated the terms of reference and season of pennants, interclub events and our member policies of for all Sub Committees to ensure women’s golf, competitions and events. We thanked her for all her along with juniors and all segments of our membership, are efforts at our end of season presentation night in considered equally by all Sub Committees. Women members November 2021, and welcomed the next Head of are now providing a strong contribution into decision making Women’s Golf, Jill Trenorden. across all facets of the Club, which we know will produce good A strong focus of women’s golf at Kooyonga has always been outcomes for all members into the future under this model. the welfare and wellbeing of our members and providing a The Sub Committee reports included within the Annual welcoming and enjoyable golf experience for all. Our new Report provide an overview of the women’s golf, social and members have embraced all our golf and club events, with the membership activities at Kooyonga over the last 12 months support of older members. The mentoring program for new which I encourage all members to read. members, and our Tee Off and Pathways members continues I’d like to thank all of the Committee and Sub Committee to grow and many new faces can be spotted enjoying a Members for their collaboration and contributions, Susie wine in the clubhouse after a clinic or time on course with a Mathews and the Golf Shop team for all their hard work for our Mentor. A big thankyou to our Mentors, who are an integral golf enjoyment. part of us welcoming 33 new members into our Women’s Golf Zoee Dolling program over the last couple of years despite the challenges Chair - Women’s Sub Committee of COVID-19. CUDMORE CUP CHALLENGE Annual Report 2021/22 Page 24

ANNUAL REPORT OF THE COMMITTEE Membership Playing Male Female 2020/21 Male Female 2021/22 Category 3 3 Total 1 3 Total 6 4 Life 1 2 1 2 495 37 3 471 38 3 Honorary Membership 128 176 532 146 163 509 Category One 185 42 304 183 38 309 Category Two 4 0 227 3 0 221 Absent 21 2 4 20 2 3 Clergy 104 71 23 103 69 22 Country 19 1 175 22 1 172 Honorary Social 21 5 20 21 7 23 Interstate 11 9 26 14 10 28 Junior 0 1 20 1 0 24 Junior Cadet 25 3 1 22 3 1 Junior Country 6 0 28 5 0 25 Overseas 5 3 6 13 14 5 Senior 25 10 8 25 20 27 Social 40 6 35 33 5 45 Temporary 24 1 46 24 1 38 Under 30 (18-24) 0 1 25 0 1 25 Under 30 (25-29) 1,117 373 1 1,108 377 1 Veteran Associate 1,490 1,485 improve member comfort. Our total membership To offset this reduction, we inducted just 23 new numbers declined by playing members to the Club in comparison to 49 in only 5 members over the 2020/21 year and an average of 48 new members the last 12 months from inducted per year over the last 10 years. The number of 1490 to 1485, although inductions was low because of the Committee decision to the total number of maintain a waiting list and put on hold any offers to those playing members male members on the list seeking entry to Category 2. decreased by 25 in Of those new members joining the Club, 16 were juniors line with our plan to and 5 were Under 30 members of which both are reduce the total playing important categories for the Club to grow to maintain the numbers by 75 over a right balance of age demographics across the Club. three-year period to Throughout the 2021/22 membership year we had a net 48 playing members either resign or transfer to a non- playing category, an attrition rate of 4.8% compared to an average attrition rate of 6% over the last 10 years. Annual Report 2021/22 Page 25

ANNUAL REPORT OF THE COMMITTEE Membership As you will see in the graph below, our percentage of male The average playing member played 48.5 rounds of golf members between the age of 20 and 39 sits at 15.7% of our at Kooyonga in 2021/22 compared to 49.5 in 2020/21. total membership, whereas the industry average taken from This is the first year we have seen a fall in member rounds Golf Australia participation reports is 18.9% for this age bracket. since 2012/13 when we started maintaining consistent The difference accounts for approximately 30 members in this computerised records and at the time recorded 35,500 age bracket that we will ideally attract to join the Club to meet member rounds, an average of 32 per playing member. the industry benchmark. The Committee remains concerned with the trend of growth in average annual rounds played by members over the last Age Profile of Playing Members 5-10 years. A spike in growth over the last 2 years has been exacerbated by border closures and COVID-19 restrictions which has seen many members working away from the office and gaining flexibility to play more golf. Committee feel much of this growth will continue into the future as society shifts to working flexibly which has been aided by the likes of mobile phones, zoom meetings etc. As mentioned in last year’s report, our ability to attract younger As members may recall from last year’s Annual Report and members has been enhanced by the efforts of our Young presentation at the AGM, the Committee’s strategic response to Members Taskforce who have helped organise and promote sustained round’s growth was to plan a reduction of Category golf and social functions for younger members. It is hoped 1 members from 525 to 450 over a 2-3 year period to improve such events for younger members will encourage friends and member comfort levels on the course and ideally reduce family of members to consider Kooyonga as the club of choice. annual rounds to a maximum of 45,000 by 2025 to maintain I also acknowledge our PGA Associates in Jordan Kane, Darcy our status as a premium golf club. As I write this report, the Salamon and Ben Layton who are working hard to build a strong membership renewal period for 2022/23 has just finalised with junior clinic programme with the support of Head Professional the overall level of attrition at 3% and playing numbers down by John Corbett and Peter Cooke. 16 in total. However, the attrition did not occur within Category 1, with numbers remaining higher than anticipated at 506, with a net reduction of only 3 members during the renewal period. This means we remain at least two to three years away from our desired quota of 450 Category 1 members, with no upgrades to Category One to be offered during this period apart from existing younger members on reaching the age of 30 and other transfers at the discretion of Committee. While it has been mentioned in the Match Report, I am pleased to report from a membership perspective that our rounds growth stabilised in 2021/22 with total member rounds of 47,150 compared to 49,500 in 2020/21. Member rounds made up 90% of our total rounds of 52,225 for the year compared to 94% last financial year as we welcomed visitors and reciprocals again. NEW MEMBERS ATTRITION PLAYING MEMBERS 36.5 Member attrition rate in 70 28.6% 2021/22; Average age of + of playing members are members joined in last 4.8% aged over 70 years 12 months FELL TO 3% AT RECENT 2022/23 RENEWAL, DOWN ON 6% AVERAGE IN LAST 10 YEARS Annual Report 2021/22 Page 26

ANNUAL REPORT OF THE COMMITTEE Membership Given low attrition, prospective members are being placed As a result, members will read proposed changes to the Rules on a waiting list for entry to the Club until 1 April 2023 at the that are included in the Notice of Annual General Meeting earliest, with the only opportunity for men aged 30 and over that involve the establishment of a proposed new Provisional to join the Club via the 12 month “Pathway to Membership” Category 1 membership as entry point for new playing programme with restricted playing rights. Those male members members joining Kooyonga. The proposed new Rules mandate completing their first 12 month “Pathway to Membership” that Provisional Category 1 members must upgrade to Category programme over recent months have been offered the 1 when offered, but importantly grandfathers existing Category opportunity to extend this temporary membership for a further 2 members and closes off this membership category for any 12 months while they remain on the waiting list if they commit new members joining the Club. The proposed grandfathering to an entrance fee prepayment of $2,000 to guarantee their of Category 2 provides comfort to the existing Category 2 position to join on 1 April 2023. This commitment to join the members that their current membership rights will not be Club provides certainty for these temporary members and firms impacted with no change to their playing rights. up the Club’s waiting list. Under a proposed new By-Law, Provisional Category 1 members The Club will continue to ballot women into Category Two, will have no playing rights on Saturdays and may not play before Tee off with Friends and Pathway to Membership as a “special 10:00am on Sundays and Public Holidays, meaning they will measure” to improve gender balance and diversity within the have less rights compared to both Category 1 and Category 2 Club as well as junior and Under 30 members. members to improve access to the course on key competition Over the last 12 months, Committee has undertaken a detailed days for our existing playing members. review of the membership structure and has considered Another outcome from the review of the membership structure opportunities for change to maintain our financial stability while has been to re-establish the Membership Committee over committed to a reduction in the number of playing members. recent months, which for the last few years been incorporated Committee acknowledges that the average number of rounds within the Finance, Audit, Risk, Governance & Membership played by members will likely continue to rise into the future Committee (FARGM). due to more flexible working arrangements in our society. The It was felt necessary for Committee to focus greater review carefully considered existing playing rights and course attention and time on membership related matters including usage statistics by age and category as well as the history of reciprocal arrangements now that borders have re-opened. the membership structure within the Rules and By-Laws of the The membership induction process and mentoring of new Club. This process identified the importance of maintaining women members which has traditionally been done well by the a steady waiting list of members to replace those Category 1 Women’s Committee but has now been transitioned into the members lost to attrition in years to come. A key strategic goal Membership Committee as part of our One Club governance is to increase the percentage of playing members who pay the model. full subscription fee. However, this strategy is not considered achievable without The Committee remain concerned with the decline in the returning to our traditional model that mandated an upgrade number of women playing members over recent years, but to Category 1 or alternatively imposing a significantly higher remain focussed on attracting new women members to join the subscription fee percentage for Category 2 members with Club and inducting them through our mentoring programme. reduced playing rights. Committee were of the strong opinion that such change to Category 2 would not be acceptable to the existing Category 2 members and would be detrimental to retaining women members in particular. FEMALE MEMBERS TENURE INSTALMENTS 22.9% 17.5 YEARS 397 Of total playing Average membership Members pay their members is made up of tenure for all playing subscriptions by female members members instalments 30% OF MEMBERS Annual Report 2021/22 Page 27

ANNUAL REPORT OF THE COMMITTEE Membership Welcome to New Members The Membership Committee have recently introduced during 2021/22 enhancements to the “Tee off with Friends” and 12 month “Pathway to Membership” programmes for APRIL OCTOBER women to increase flexibility and opportunities for Mr JE Briggs Mr H Curyer* these women to play 9 holes with Club members and Mr SN Gillen Mr MG Dowling** mentors and participate in more clinics to help improve Mr LD Gray** Ms S Lee^ their game and build social connections within the Club. Mr J Grundel* Mr BB Page^ We currently have a total of 21 women participating in Mr T Grundel* Mr DJ Tsagouris^ these programmes with a goal to transition a number of Mr HPA Matthias* Mr D Tsagouris^ these into playing categories over the next 12 months Miss RC Cosh* NOVEMBER and then replace them in the temporary programmes. Mr ER Waltham* Mr E Karahalios** All members can assist by acting as “ambassadors” and Miss LC Waltham* Miss TD Twiss* promoting the benefits of membership to prospective Mrs C Cosh^ Miss A Baker^ women members. Ms DS Giles^ Mr JC Ferguson^ As members would be well aware, Committee Mrs K Collum^ Miss S Li^ conducted a comprehensive member survey in early Ms CA Mercer^ Ms A Beikzadeh^ 2021 to better understand the views of members and Mrs AJ Taylor^ Mrs AJ Storen^ identify areas of the Club that require attention. A high- MAY Ms JA Brown^ level overview of the results was included in last year’s Mr A Fry** DECEMBER annual report and a more comprehensive report was Mr SH McDonald* Mr JA Lewis* issued to members in October 2021 with key themes Miss ML Luey* Mr B Speirs* and responses provided by Committee for member Mrs SM Priest^ Miss CS Pierce* information. JUNE Ms K Kubank^ Committee will again conduct another comprehensive Mr OD Breach* Mr G Rutter^ member survey towards the end of 2022 to better Mr LR Curyer^ Mr RJ Pyman^ understand the views of members and identify Mr S Singh^ Mr RL Pyman^ any areas of the club that require attention. As in Mr G Moulton^ Mr MJ Kwiatkowski^ past years, the results will be benchmarked against Mr B Kalz FEBRUARY previous surveys to highlight trends, which help inform AUGUST Mr D Arnfield^ Committee for future planning. Mr AJ Winskill* Dr T Ryan^ I take this opportunity to thank my fellow Committee Mr S Phelan** Mr A Catt^ members for their valued contributions to decision Mr AL Hart^ Mrs B O Callaghan^ making on the Membership Sub Committee over Mr A Zamel^ Mrs LN Laity^ recent months. I would also like to acknowledge Mr JD Owler^ Susie Mathews, our Golf & Membership Manager Mr A Manuel^ and Chloe Duval, who recently resigned from her Mrs YL Pearson role of Administration & Membership Assistant for Mrs C Cox Agars^ the outstanding way they welcome new members and respond to membership related enquires with SEPTEMBER professionalism and care. Miss SA Langton* Simon Tamke Mr SM Lang^ Chair – Membership Committee Mr VP Sulicich^ ^denotes temporary member at time of admission *denotes junior member **denotes under 30 member

IN LOVING MEMORY Don Rutherford John Muller 26 AUGUST 1932 – 19 JANUARY 2022 17 JANUARY 1945 – 3 DECEMBER 2021 Life Member, Don Rutherford joined the Club in Life Member, John Muller joined the Club in 1973 and March 1948 and sadly passed away on the 19th had an impressive golf history including winning the January 2022 aged 89. Don was elected to the Club title of State Amateur Champion, Australian Amateur Committee in 1965, becoming Club Captain from Champion and Kooyonga Club Champion amongst 1971 to 73. He was the influencing person in the many other Club, State and National titles. He served on establishment of the Kooyonga Foundation which Committee twice from 1978-88 and again from 2001- was registered on the 15th March 2006 with Don 09. He will be remembered as a friend and contributor to subsequently appointed to Chair. the fellowship and camaraderie at Kooyonga. CLICK HERE TO VIEW TRIBUTE TO DON CLICK HERE TO VIEW JOHN’S GOLF HISTORY IT IS WITH SADNESS THAT WE RECORD THE DEATHS DURING THE YEAR OF THE FOLLOWING MEMBERS; Mr Anthony Walsh, 9 July 2021 Dr Robert Wenzel, 30 August 2021 Mr William Frogley, 9 October 2021 Mrs Elaine Hodgson, 27 October 2021 Mr Peter Beck, 6 December 2021 Mr Ben Norman, 18 December 2021 Mr Geoffrey Gitsham, 01 January 2022 Mr Rod Marsh, 4 March 2022

ANNUAL REPORT OF THE COMMITTEE Match The 2021/22 on reciprocal and visitor access to the course, but these membership year was policies need to be carefully managed in terms of their another very busy impacts on our reciprocal arrangements and the finances of year on the golf course the Club. with 52,225 rounds The Match Committee continue to monitor the average field being recorded, closely size on our main competition days of Tuesday, Wednesday aligned to last year’s and Saturday. The average has declined marginally for each total of 52,500 rounds. day, with Wednesday the sharpest decline of 5% compared We experienced a 4% to last year, albeit the average of 168 is in line with the 6 decline in member year average field size on Wednesdays. rounds with this decline We continue to use time per round statistics provided by offset by additional the Mi Score system to identify slow groups in the field. visitor and reciprocal The golf shop team make contact where appropriate rounds compared to last year after the borders re- with slow groups to discuss any issues which impacted opened and we experienced an influx of interstate and their round time before Match Committee consider if any reciprocal visitors between January and March 2022. additional steps are necessary. Statistically, the average The below graph is regularly included in the annual report time per round has increased over the last 12 months from to highlight to members the steady increase in total rounds 3 hrs 54 in 2020/21 to 3 hrs 58 in 2021/22. That is a 4 of golf at Kooyonga over the last 5-10 years. The Match minute increase in the average time for a round of golf at Committee monitor rounds on a monthly basis and along Kooyonga, with the biggest spike in round times occurring with the Membership Committee consider ways to improve on Saturday’s. Speed of play remains a regular topic at member access and reduce wear and tear on the golf Match Committee meetings, with education of members at course. While 2021/22 showed a 4% decline in member induction sessions and reminders in e-news articles used rounds, this was primarily due to the closure of the course to promote opportunities for members to improve their and clubhouse for a week due to COVID-19 restrictions in place in the field, which is important for the enjoyment of all July 2021. Since borders were re-opened in early 2022, we members. have seen a very slight drop off in member play as members The Match Committee have recently spent time reviewing start to travel again post COVID-19, but as mentioned above the course indexes for both men and women across all this decline has largely been offset by reciprocal and other grades and plan to engage an independent consultant to visitor rounds that are returning to levels experienced in analyse round statistics over the last 3-5 years to identity years gone by. potential changes to the indexes that will be rolled out later in 2022. The existing indexes have been in place for several years and an initial review of hole difficulty using actual rounds data over the last 12 months identified a number of anomalies to be considered. Another topic of discussion at Match Committee has been a review of the length of the course from each tee marker, with a decision made to lengthen the black and blue markers on the 2nd and 4th holes following the extension of these two tees during the year. The Committee continues to consider other potential changes to the length of the various tees on course but is yet to make any firm decisions in this regard. There is no easy fix to reduce rounds of golf on the course without a reduction in the number of members, which remains a key responsibility of the Membership Committee. The Match Committee can control access to the course with policies on tee interval times and also restrictions Annual Report 2021/22 Page 30

ANNUAL REPORT OF THE COMMITTEE Match MEN’S & WOMEN’S CLUB CHAMPIONS JOEL DURNFORD & MATILDA MIELS The 2022 Men’s & Women’s Club Championships were The 2021 Women’s Club Championship was won by Matilda played over the October long weekend with some great golf Miels for the second straight year. Matilda defeated Imogen showcased for all to view in challenging conditions. Jessen in the 36 hole final (7/5). Congratulations also to Barb The Men’s Club Championship was won by Joel Durnford Burnet who defeated Skye Jarvis in the Bronze Cup, Georgie who defeated Freddie Cassell in the 36-hole final (2/1). White who defeated Barb Clapp in the C Grade Salver, Jude Both finalists played outstanding golf to reach the final with Marlow who defeated Deb Alexander in the A Grade Plate their semi-final matches going to the 19th & 18th holes and Helen Egar who defeated Wendy Monfries in the B Grade respectively. It was great to see such depth in the match Plate. play field and congratulations to Joel for winning the tightly Congratulations to Freddie Cassell & Matilda Miels for contested 2021 Men’s Club Championship. Freddie Cassell winning the 2021 Junior Championships. Freddie Cassell was awarded the WS Shephard Medal for the lowest 36 won the Junior Boy’s Championship over Kyle Hayter (4/2) hole qualifying score and congratulations also go to the late and Hayden Howard defeated Malachy Marshall in the Rod Marsh who defeated Ray Tanner in the B Grade Trophy, Junior Boy’s Handicap Match Play final which was played at Andrew Kennedy who defeated Geoff Roach in the C Grade the same time. The 2021 Junior Girl’s Championship was Trophy, Matt Ormsby who defeated David Fraterman in the changed to a 36 hole stroke play event and was won by A Grade Plate, Walford Thyer who defeated Lynn Stewart in Matilda Miels in convincing style. the B Grade Plate and Tim McGrath who defeated Grantley Stevens in the C Grade Plate. JUNIOR BOY’S CLUB CHAMPION JUNIOR GIRL’S CLUB CHAMPION FREDDIE CASSELL MATILDA MIELS

ANNUAL REPORT OF THE COMMITTEE Match The winners of the 2021 Men’s Foursomes Championship were Scott Duval & Kym Duval who won by one shot over Geoff Brennan & Geordie Golding. Well done also to John Christensen & Kim Falster who won the Men’s Handicap Foursomes competition. In the 2021 Women’s Foursomes Championship, Matilda Miels & Emily Giotis won the event for the second year in a row with the runners up being Christine Hildyard & Rachel Fry. The women also played their handicap match play Foursomes competition over a week in August 2022 with the qualifying on the Monday & Tuesday and the match play rounds on the Thursday & Friday. The winners of the Ross Sawers Match Play Trophy (Women’s A Grade Match Play Foursomes) were Matilda Miels & Deb Percey, Bantick Salver (Women’s B Grade Match Play Foursomes) were Wendy Monfries & Margie Gregg and Olive Griggs Cup (Women’s C Grade Match Play Foursomes) were Jane Young & Barb Clapp. The popular and most prestigious mixed golf event at Kooyonga, the RS Thomson Mixed Canadian Foursomes, was contested by 160 members (80 pairs). Congratulations to the mother & son duo Deb Percey & James Percy who won the event with a solid score of 72.25 by one and a half shots from Jane Ekin-Smyth & Simon Lovering. The 2021 Bonython Medal, a highly competitive event which brings together all male monthly medal winners from the previous year, was won by Bruce Lindner over Mij Looker. The Saturday women also competed for the 2021 Saturday Women’s Medal for Medal at the same time and this event was won by Jill Trenorden for the second year in a row. An important event each year on the women’s golf calendar is the Valerie Hill Memorial trophy which is played over two Stroke (nett) rounds in October. Congratulations to the 2021 winner Judy Hyde who won the event by one shot from runner up Helen Egar. Judy’s first round of nett 68 was the contributing factor in securing her the trophy! In the 2021 Women’s Captain’s Trophy, Jan Marriott defeated Cassi Heath in a closely contested match (3/1) and the winner of the 2021 Laurel Wreath Trophy was Helen Moore who defeated Jodie Deacon (3/2) in the final. Both events are now honour board events so congratulations to Jan & Helen. The finals of the McGregor Cup, TH Brown Trophy & Men’s Captain’s Trophy, all honour board events, are played over 36 holes. In 2021, two out of the three finals were extremely tight matches with the matches finishing on the 36th hole. The 2021 McGregor Cup was won by John Christensen (1 up) over Andrew Kennedy and the 2021 TH Brown Trophy was won by George Giotis (1 up) over Stephen Daniels. The Men’s Captain’s Trophy was also a close contest going to the 33rd hole in the final with Sam Phelan defeating Kim Falster (5/3). Congratulations Sam! Pictured top left: Women’s & Men’s Foursomes Champions Matilda Miels, Emily Giotis, Kym Duval, Scott Duval Pictured middle left: RS Thomson winners James Percey, Deb Percey, Captain Crawford Giles Pictured bottom left; Bonython Medal Winner Bruce Lindner, Women’s Medal of Medals Winner Jill Trenorden TIME PER ROUND TOTAL ROUNDS MEMBER ROUNDS 3h 58m Total rounds played 48.5 Average time per round during 2021/22; Average rounds per INCREASE OF 4 MINUTES 52,225 member FROM LAST YEAR CLOSELY ALIGNED TO LAST YEAR DOWN FROM 49 LAST YEAR BUT Annual Report 2021/22 Page 32 OF 52,500 STILL 33% INCREASE OVER LAST 5 YEARS

ANNUAL REPORT OF THE COMMITTEE Match MEN’S SENIOR CHAMPION WOMEN’S SENIOR SALVER BRUCE LINDNER MARGIE GREGG The family golf events were well attended in 2021. The Kooyonga consist of each team playing each other once and then the top Father & Son Cup was won by John Swift & James Swift over four teams progressing to the final series which is played over Graeme Smith & Simon Tamke. The Kooyonga Mother & three weeks. In 2021 16 men’s teams and 14 women’s teams Daughter trophy was won by Liz Heath & Cassi Heath for the entered making it one of the most competitive seasons thus far. third straight year and the runners up were Wendy Nelligan & In the men’s competition, The Funky Bunch took the honours Melissa Nelligan for the second straight year. In the Father & to win the 2021 Kooyonga Men’s Premier League. The team Daughter competition, Greg Tye & Isabelle Tye won the 2021 consisted of Simon Hammond, Trent Kramer, Heath Riches, David event competition with the runners up being David Terrell & Bella Lutterus, Will Sommerfield, George Giotis and Chris George. In Cahill-Terrell and in the Mother & Son competition, Rachel Fry & the final, The Funky Bunch defeated Mostly Late by a mere 4 Angus Fry won the 2021 event with the runners up being Deb points, which consisted of Ken Pittman, Jon Cox, Francis Paris, Percey & Jordan Percey. Igor Nikitins, John Meegan, Neil Gehling and Alan Hill. Well done The 2021 Men’s Senior Championship was won by Bruce to The Funky Bunch for a great season. Congratulations to Jack Lindner who defeated Lindsay Elliot in the final and in the Senior McKean for being awarded the Men’s Brownlow Medal for the Handicap competition Geoff Roach defeated Pater Pavy. The best individual player for the 2021 season. 2021 Senior Women’s Salver was won by Margie Gregg on a In the women’s competition, the final match was decided by just countback from Carol Smith. two points. Congratulations to the Partee Birdies, winning for the There were many memorable moments during the 2021-2022 second year straight. The team consisted of Margie Gregg, Debra golf season. Thank you to everyone who participated in the Parry, Cate Birch, Suzanne Hockley, Miriam Van der Zalm, Leonie various events throughout the year and congratulations to all Millard and Nina Wright. In the final, the Partee Birdies defeated members who achieved a great result. UnderParfects comprising of Christine Flynn, Barbara Gower, KOOYONGA PREMIER LEAGUE Barb Burnet, Julie Brown, Marian Pavy, Meredith Wyles and Emma The Kooyonga Women’s & Men’s Premier League is played in Fraser. Well done to the Partee Birdies for a fantastic season. conjunction with the Tuesday and Wednesday competitions Congratulations to Cassi Heath for taking the Women’s Brownlow respectively. Each team comprises of seven players with three Medal awarded to the best individual player for the season. scores from each team to count every round. The minor rounds PRACTICE BUCKETS GOLF SPEND LESSONS 20,741 $12.86 9% Buckets of balls used on Average golf retail spend Growth in golf lessons practice range (average per round of golf held in Golf Academy in of 400 buckets/week) 2021/22 25% INCREASE ON INCREASE OF 25% OVER LAST PRE-COVID-19 LEVELS 3 YEARS Annual Report 2021/22 Page 33

ANNUAL REPORT OF THE COMMITTEE Match MEN’S PENNANT The Pike Cup team consisted of Jill Trenorden, Jodie Deacon, The 2021 Simpson Cup season was a very successful one Melissa Nelligan & Linda Ferris with Isabelle Tye joining the for Kooyonga. We won 6 of our 7 minor round matches, beat squad this year for her first season. With first round loss to Grange in the semi final and ultimately triumphed over The Grange at Grange in first round we bounced right back with Vines in the final. The final was a very tight and tense affair good wins against Tea Tree Gully, Mid North at Kooyonga and it was a credit to our boys that we were able to come and a loss to Glenelg at Sandy Creek. Team made the finals back from an early deficit to claim victory 4.5 to 2.5. playing Glenelg in the first round ending the season with There were many stand out performances with 4 of our plenty of promise for 2022 knowing we have the depth to players being selected in the Golf SA Pennant Team of the get across the line on the day. Year - Joel Durnford, Heath Riches, Will Somerfield and Womens A3 Pennant on Monday often presented with the Frank Vucic. A special mention to Will Somerfield who won all challenge of playing some club’s top players as they do not of his 9 matches and took out the Kooyonga Pennant Player have Sanderson and Pike teams. The depth of competitive of the Year Award. members at Kooyonga take this on as serious challenge Our coaches John Corbett and Daniel Blackwell did a hoping to win a flag. This team and the A4 team are made up fantastic job in preparing the boys. Kooyonga is very of some very experienced members who have competed for fortunate to have its professionals so invested in pennant the club for a number of years and have been involved with golf. John Anderson provided a steady hand in the Pennant golf for many years with a number of past Women’s management group, drawing on his wealth of pennant Captains and Presidents playing a strong role in the teams. experience. A special thanks to our regular band of The A3 team competing against 7 other teams were not able supporters who came out rain, hail or shine. Their support to progress to the finals. was greatly appreciated by the boys. The A4 team started the season with a good win at The Bonnar Cup team finished third and progressed to the Highercombe but with strong teams to compete against, 2021 semi finals. The squad provided depth to a successful 2021 was a challenge for a team that has been successful Simpson Cup winning team during the season with Bruce in recent years. One win and two tied games was not quite Lindner being reserve in the Simpson Cup final. We also met enough to get to the finals. another of the team’s objectives, promoting Jack Speirs, who This year we had the single Cleek team competing in Cleek 2. played in the winning Sharp Cup team in 2018. The players This handicap matchplay team included a number of players chosen to represent Kooyonga in Bonnar Cup pennants who over the years have had strong match play wins in the during the season should be proud of their contribution. clubs handicap matchplay events and championship rounds. WOMEN’S PENNANT Starting the season with a strong win at home 3.5 to 1.5 In the 2021 Pennant season Kooyonga again presented against Blackwood the team were brimming with confidence a strong member turn out to compete with 4 Pennant and pride. The next week beating Grange and Blackwood Squads and a Cleek 2 team. Each squad consisting of 5 4-1 gave them a solid base for the season. Making the finals players and reserves competing each week providing they came across Blackwood again in the semi finals at strong representation for Kooyonga. With the 2020 season Westward Ho and just missed out on a final berth. cancelled due to Covid the squad were keen to get back into Each week all of the Managers, players, caddies and interclub competition. supporters were wonderful, competitive ambassadors The Sanderson Cup team finished top of the table heading representing the Club investing many hours into practice into the Semi Final against Glenelg having won 3 of 4 and playing and the Club is greatly appreciated of the effort matches but unfortunately were unable to get across the put in by the teams. line in the Semi Finals. The year was a success in providing experience for Emily Giotis, Matilda Miels & Christine Hildyard while being supported by Lyn McGough, Rachel Fry and Hayley Hunt. Pleasingly Matilda Miels and Lyn McGough made the Golf SA Pennant Team of the year with Lyn McGough also named Captain of the team. Annual Report 2021/22 Page 34

ANNUAL REPORT OF THE COMMITTEE Match SENIOR PENNANT SIMPSON CUP Kooyonga over-55 golfers competed in the Golf SA SANDERSON CUP 2021 Senior Pennant, bringing significant success to their Club. Following on from a comprehensive win in the 2020 Pennant season, albeit in Division 3, Kooyonga were promoted to Division 2 for 2021 and were again able to go through the minor round and finals undefeated. This included trips to the unfamiliar venues such as South Lakes and Sandy Creek. A key to the season was beating the strong Grange side 6/1 at Grange West which gave us significant confidence in the final against them at Royal Adelaide where Kooyonga again prevailed. The players for season 2021 were Bruce Lindner, Gary O’Loughlin, Richard Payne, Ken Parker, David Fraterman, Harry Moore, Geoff Kay, Mike Smith and Tony Greven. Season 2022 in Division 1 where the players in the top teams are as low as Scratch will present us with a new challenge so whilest we may not be undefeated, we are hopeful of success. JUNIOR PENNANT The 2021 junior pennant season provided some great experience for many of our junior members. Both the Sharp and Division 2 teams faced some strong competition but acquitted themselves well to finish 5th and 7th respectively. The experience gained from the season will hold many of the players in good stead heading into the 2022 season. SENIOR DIVISION 2 JUNIOR DIVISION 2 Annual Report 2021/22 Page 35

ANNUAL REPORT OF THE COMMITTEE Match 2021 MCMILLAN SHIELD WINNERS JUNIOR GOLF INDIVIDUAL HIGHLIGHTS The McMillian Shield is a junior handicap match play competition Congratulations to Joe Hodgson who qualified for the R&A established in 1973 by The Grange Golf Club with clubs across Amateur Championship played at Nairn Golf Club in Scotland Adelaide competing. The aim of McMillan Shield is to provide 14-19 June 2021. Whilst Joe unfortunately didn’t make the cut, junior golfers with match play competition experience that it is a terrific feat for him to have qualified for one of the biggest will hold them in good stead to represent Kooyonga in future Amateur events in the world, especially given the field was pennant teams. In 2022 Kooyonga won the McMillan Shield reduced from 288 to 144 following COVID-19 restrictions. for the first time finishing with a record of 6 wins and 1 loss, a Bruce Lindner won the Senior (55-64) Gross and Nett SA Order fantastic effort! Each week 6 players played and throughout the of Merits for 2021. Bruce was subsequently selected in a Golf season we had the following junior members represent the Club; Australia representative team to compete against an Australia Nick Fotinos, Hayden Howard, Malachy Marshall, Taylor Hards, Defence Forces side at Rosebud Country Club. Bingqi An, Scarlett Parker, Tammy Twiss, Mia Luey, Angus Marshall, Congratulations to Matilda Miels and Jordan Percey for Tyron Howard and Sidney McDonald. We would like to thank Paul advancing through qualifying and match play stages to the final Twiss for volunteering his time to manage the McMillan Shield of the SA Amateur. Unfortunately both were defeated in their team. Paul did a fantastic job, and I have been told (by Paul) he is respective finals but they, along with a number of other Kooyonga still undefeated as a manager. members, did us proud. Kooyonga once again participated in the MyGolf junior league Matilda continued on in good stead winning the Tea Tree Gully as “The Mighty K’s”. The program helps to introduce juniors Vardon on 7 February and then the Flagstaff Hill Vardon on 6 to competition golf with the two-ball ambrose format across March. This made it 4 of 4 wins for her having also won at Robe 9-holes against an opposing team. The Mighty K’s finished in a and The Vines. tie for 3rd place this season with 2 wins and 2 losses, which is a Well done to Matilda Miels and Kyle Hayter who were both great result for the team and was a launch pad for our McMillan selected in the State Team to represent SA in the Australian Shield success. Interstate Series played at Sorrento Golf Club in May this year. Kooyonga Junior Academy was also lucky enough to receive the While South Australia came 2nd to Victoria in the first year of Australian Golf Foundation Junior Girls Scholarship in 2022. This the combined gender competition, the SA team were victorious program provides funding for clubs to foster an inclusive and in winning the Men’s State division for the first time in 39 years. enjoyable environment for the girl’s membership cohort. With Congratulations to Kyle who formed part of the winning team. this goal in mind, the Kooyonga Junior Academy set up a girls focused clinic to further advance the relationships developed amongst the junior membership. Currently the Academy has seen this program grow into individual and team success from many of our junior girls and hope to see it continue to develop. Annual Report 2021/22 Page 36

ANNUAL REPORT OF THE COMMITTEE Match There have also been individual accomplishments from several Kooyonga Junior Members highlighted by Frankie Flett winning the Australian Junior Age Division Championships Under 6 age group for the second time. Well done Frankie. Malachy Marshall also participated in the boys 11-12yr age group of the above event finishing 3rd. It was great to see Malachy finish 4th overall in the SAPSASA State Championship played in September and then finish 2nd in the Metro Boys Championship. He continued to show his good summer form by going on to win the 2022 Summer McCormack Cup. Continue the good efforts Malachy. Congratulations to Jaime Hards, Imogen Jessen and Josh Grundel who were all selected to represent South Australia in the Australian Junior Interstate Team Matches played at Mount Osmond Golf Club in April 2022. Well done also to Jaime and Imogen who qualified for the 2022 U.S. Kids Golf Teen & Junior World Championships to be played later in July/August 2022 at Pinehurst, North Carolina USA! Jaime Hards also continued to have a successful summer of golf and we congratulate her on winning the South Australian Junior Open and South Australian Country Junior Championship! Pictured top left: Frankie Flett, winner of the Australian Junior Age Division Championships Pictured top middle: Malachy Marshall, winner of the 2022 Summer McCormack Cup Pictured top right; Jaime Hards, Imogen Jessen and Josh Grundel selected to represent SA in the Australian Junior Interstate Team Matches Hole-in-One Congratulations to the following members who achieved a hole-in-one from 1 April 2021 to 31 March 2022 SIMON HAMMOND JIM KILEY ANDREW FIELDER 14th hole - 21 April 2021 14th hole - 9 June 2021 7th hole - 31 October 2021 MICHAEL GILROY ANDREW KULIWABA GRAEME AGARS 3rd hole - 12 May 2021 3rd hole - 14 June 2021 15th hole - 8 November 2021 JOHN MARTIN JUDE MARLOW ROB BRICE 19th hole - 14 May 2021 3rd hole - 1 July 2021 15th hole - 27 November 2021 MELISSA NELLIGAN ANDREW KULIWABA KEVIN PHELPS 3rd hole - 18 May 2021 14th hole - 30 September 2021 14th hole - 28 November 2021 FRANK VUCIC NICK O’CONNELL 14th hole - 31 May 2021 3rd hole - 10 October 2021

ANNUAL REPORT OF THE COMMITTEE Competition Results Men’s Competition Results STATE EVENTS WINNER RUNNER-UP Simpson Cup Kooyonga The Vines Bonnar Cup Senior Pennant (Div 2) The Grange Glenelg Kooyonga The Grange CLUB EVENTS WINNER RUNNER-UP Club Championship WS Shephard Club Medallist Joel Durnford Frederick Cassell ‘A’ Grade Plate Frederick Cassell Charles Shaw ‘B’ Grade Trophy Matthew Ormsby David Fraterman ‘B’ Grade Plate Rod Marsh Ray Tanner ‘C’ Grade Trophy Walford Thyer Lynn Stewart ‘C’ Grade Plate Club Senior Championship Andrew Kennedy Geoffrey Roach Club Senior Handicap Veteran’s Trophy Timothy McGrath Grantley Stevens Veteran’s Handicap Club Foursomes Championship Bruce Lindner Lindsay Elliott Club Handicap Foursomes Club Junior Championship Geoffrey Roach Peter Pavy Club Junior Handicap Monthly Medals Geoffrey Raneberg Graeme Smith Junior Summer Trophy Geoffrey Roach Walford Thyer HL Rymill Championship Kooyonga Cup Scott Duval & Kym Duval Geoffrey Brennan & Geordie Golding Bonython Medal Playfair Putter John Christensen & Kim Falster Michael Gilroy & Murray Pavy TH Brown Trophy JW McGregor Cup Frederick Cassell Kyle Hayter Captain’s Trophy Anzac Cup Hayden Howard Malachy Marshall Anzac Memorial Father & Son Cup A: Damian Gallagher, Geoffrey Brennan, Mitch Trenorden, Bruce Lindner (2), Joel Durnford, FS Mann Winter Eclectic Michael Ledgard, Ned Looker, Ken Parker, Tristan Oldfield, Richard Payne, Nick Sutherland Summer Eclectic B: Timothy Thredgold, Johnathon Piro, Richard Woollard, Cal Aitken, Graeme Smith, Winter Four-Ball John Christensen, Simon Lovering, Richard Fennell, William DeGaris, William Hards, Summer Four-Ball Kenneth Pittman, Ray Tanner C: Andrew Boden, Angas Hains, Tim Collin, Ken Wang, Richard Wood, Theo Kruys, William Rogers, John Whiting, Richard Fielder, Philip Michael, Michael Camacho, Tim Cooper Rupert Toomey (Huntingdale) Billy Dowling (Surfers Paradise) Heath Riches Frederick Cassell Bevan O’Connor Kyle Hayter Bruce Lindner James Looker Heath Riches Joel Durnford George Giotis Stephen Daniels John Christensen Andrew Kennedy Samuel Phelan Kim Falster Keith Plummer Garry Johns John Anderson Kym Duval John Swift & James Swift Graeme Smith & Simon Tamke A - George Giotis A - Scott Duval B - Simon Lovering B - Kim Falster C - Ivan Hutchin C - Ronald Goodwin A - Richard Payne A - George Giotis B - Neil Bradshaw B - Mitch Trenorden C - Jamie Summons C - Ivan Hutchin Christopher Wignall & Tom Pierce Rowan Fielke & Nick O’Connell Timothy McGrath & Philip Laity Crawford Giles & James Jarrett Annual Report 2021/22 Page38

ANNUAL REPORT OF THE COMMITTEE Competition Results Mixed Competition Results STATE EVENTS WINNER RUNNER-UP Sharp Cup Glenelg Grange Junior Division 2 Tea Tree Gully Royal Adelaide CLUB EVENTS WINNER RUNNER-UP RS Thomson James Percey & Debra Percey Simon Lovering & Jane Ekin-Smyth Father & Daughter Gregory Tye & Isabelle Tye David Terrell & Isabella Cahill-Terrell Mother & Son Rachel Fry & Angus Fry Debra Percey & Jordan Percey Family Mixed Foursomes Simon Cain & Marie Hicks Colin Alexander & Deborah Alexander Club Mixed Foursomes Championship William Somerfield & Emily Giotis Heath Riches & Isabella Cahill-Terrell Mixed Four-Ball Handicap Foursomes Ned Looker & Georgie White Peter Pavy & Marian Pavy The Masters at Kooyonga Trent Kramer & Zoee Dolling Chris Hildyard & Christine Hildyard Geoffrey Brennan Ken Russell Women’s Competition Results STATE EVENTS WINNER RUNNER-UP Sanderson Cup Pennant The Grange Glenelg Pike Cup Pennant Glenelg Tea Tree Gully Women’s A3 Pennant North Adelaide Blackwood Women’s A4 Pennant The Vines Blackwood CLUB EVENTS WINNER RUNNER-UP Club Championship Matilda Miels Imogen Jessen ‘A’ Grade Plate Judith Marlow Deborah Alexander Bronze Cup Barbara Burnet Skye Jarvis ‘B’ Grade Plate ‘C’ Grade Salver Helen Egar Wendy Monfries ‘C’ Grade Plate Georgie White Barbara Clapp Women’s Foursomes Championships Ross Sawers Championship Not Played Not Played Bantick Salver Matilda Miels & Emily Giotis Christine Hildyard & Rachel Fry Olive Griggs Cup Debra Percey & Matilda Miels Melissa Nelligan & Jodie Deacon Vice Captain’s Foursomes Wendy Monfries & Margie Gregg Pip Oxenham & Jane Hunter Club Junior Championship Jane Young & Barbara Clapp Nol Parkyn & Anne Brown Junior Girls’ Invitational Marie Hicks & Melissa Nelligan Barbara Gower & Jenny Hurley Captain’s Trophy Matilda Miels Emily Giotis President’s Trophy Sarah Hammett (Emerald Lakes) Yuuki Takada (Southport) Valerie Hill Trophy Janet Marriott Cassandra Heath Mother & Daughter Imogen Jessen Christine Flynn Women’s Medal for Medal Winners Judy Hyde Helen Egar Monthly Medals (Tuesday) Elizabeth Heath & Cassandra Heath Wendy Nelligan & Melissa Nelligan Jillian Trenorden Hayley Hunt Monthly Medals (Saturday) A: Christine Flynn, Joanne Woods, Lyn McGough, Imogen Jessen, Lisa Brien, Jodie Deacon, Zoee Dolling B: Christine Walsh, Cassandra Heath (2), Dorothy Paterson, Diane Bamford, Amanda MacKenzie, Judy Hyde C: Jane Young, Patty Ascough, Virginia Lacey (2), Robyn Burgan, Barbara Clapp, Leisa Thomas Julie Brown (2), Jillian Trenorden (2), Kayoko Miki (3), Barbara Burnet, Christine Walsh, Emily Giotis, Diane Bamford, Joanne Woods Annual Report 2021/22 Page 39

FINANCIAL REPORT Content of Financial Statements For the year ended 31 March 2022 Statement of Comprehensive Income 41 Statement of Financial Position 46 Statement of Changes in Equity 47 Statement of Cash Flows 48 Notes to and Forming Part of the Accounts 49 Statement by the Committee 59 Audit Report 60 Five Year Summary 62

STATEMENT OF COMPREHENSIVE INCOME For year ended 31 March 2022 Classification of Income and Expenses by Function 2022 2021 Note $ $ Income (refer supplementary information) 3,776,943 3,482,850 (101,997) (199,330) Membership 368,710 10,764 House (net) (23,275) (5,319) Golf Shop Operations (net) (290,787) Property (net) 33,094 775,930 Other 41,155 Government Subsidies 3,774,108 4,094,630 Total Income (107,286) (133,455) (862,347) Expenses (refer supplementary information) (1,050,590) (1,847,337) (1,854,005) (944,348) Finance expenditure (1,123,028) Administration expenditure (3,761,318) Course expenditure (4,161,078) House expenditure 12,790 (66,448) Total Expenses 367,130 338,098 Operating surplus/(deficit) before Entrance Fees 379,920 271,650 Entrance Fees 32,560 60,679 (22,675) Total Surplus/(Deficit) for Year - 389,805 Amounts Received from Kooyonga Foundation for Artwork 332,329 State & National Golf Events Total Comprehensive Income The accompanying notes form part of the financial statements. The accompanying notes form part of the financial statements Annual Report 2021/22 Page 41 Page 2

STATEMENT OF COMPREHENSIVE INCOME For year ended 31 March 2022 (supplementary information) THE KOOYONGA GOLF CLUB INCORPORATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2022 Membership Income 2022 2021 $ $ Membership Income Subscriptions 3,713,401 3,419,333 Other 63,543 63,517 Total Membership Income 3,776,943 3,482,850 House Contribution 969,331 671,939 (425,677) (292,050) Bar Sales 543,654 379,889 Less: Cost of Sales Gross Profit (2022: 56.4%, 2021: 56.5%) Food Sales 985,164 662,291 Less: Cost of Sales (488,337) (334,253) Gross Profit (2022: 50.4%, 2021: 49.5%) 496,827 328,038 Other Income 32,699 10,054 Total Trading Gross Profit 1,073,180 717,981 Less: (1,194,136) (933,239) Salaries and associated costs (17,490) (18,400) Other direct expenses (1,211,626) (951,639) Profit/(loss) for the year (138,446) (233,658) Add: Unused catering levy 36,449 34,328 Total House Contribution (101,997) (199,330) The accompanying notes form part of the financial statements. The accompanying notes form part of the financial statements Annual Report 2021/22 Page 42

STATEMENT OF COMPREHENSIVE INCOME THE KOFOoYrOyNeGaArGeOnLFdCeLdUB31INCMOaRrPcOhRA2TE0D22 (supplementary information) STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2022 Golf Shop Operations Contribution 2022 2021 $ $ Retail Sales Less: Cost of Sales 671,931 534,740 Gross Profit (2022: 32.7%, 2021: 29.1%) (451,882) (378,878) 220,049 155,862 Other Golf Operations Income Tuition (net) 52,885 54,699 Driving Range 94,268 69,633 Hire Equipment 10,223 Club & Buggy Handling & Cleaning Fees 112,948 6,041 Competition Fees 224,050 83,651 Green Fees 231,669 190,780 Motorised Cart Fees 102,643 97,721 Trade days income 154,407 80,324 Other 23,881 74,507 14,832 Total Trading Gross Profit 1,227,023 828,050 Less Golf Operations Expenditure (15,538) Buggy Expenses (94,290) (20,485) Depreciation (16,045) (77,651) Driving Range (30,592) (8,054) Other (13,833) (36,757) Pennant Expenses (1,895) Promotion & Communication (6,435) (8,576) Repairs and Maintenance - Salaries & Associated Costs (852) Trophies & Prizes (488,546) (502,584) (193,034) (160,432) (858,313) (817,286) Total Golf Shop Operations Contribution 368,710 10,764 The accompanying notes form part of the financial statements. The accompanying notes form part of the financial statements Annual Report 2021/22 Page 43

THE KOOYONGA GOLF CSLUTBAITNCEOMRPEONRATTEOD F COMPREHENSIVE INCOME STATEMENT OF COMPREFHoErNySIeVaErINeCnOdMEed 31 March 2022 (supplementary information) FOR THE YEAR ENDED 31 MARCH 2022 SUPPLEMENTARY INFORMATION (CONT.) Property Contribution 2022 2021 $ $ Income Rental Income 50,122 8,495 50,122 8,495 Total Income (14,011) (2,645) Less Property Expenditure (45,167) (8,919) Property Expenses (14,219) (2,250) Interest (73,397) (13,814) Depreciation (23,275) (5,319) Total Expenses Total Property Contribution Other Income - 6 (1,245) (319,113) Other Income 34,339 Bank income 28,320 Profit/(Loss) on sale or disposal of property, plant & equipment 33,094 (290,787) Other income 635,210 Total Other Income 100,000 Government Subsidies 40,720 775,930 Government Subsidies 1 (a) - Job Keeper Payments - Cashflow Boost Apprentice Incentive 41,155 Total Government Subsidies 41,155 The accompanying notes form part of the financial statements. The accompanying notes form part of the financial statements Annual Report 2021/22 Page 44

STATEMENT OF COMPREHENSIVE INCOME THE KOFOoYrOyNeGaArGeOnLFdCeLdUB3I1NCMOaRPrcOhRA2TE0D22 (supplementary information) STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2022 SUPPLEMENTARY INFORMATION (CONT.) 2022 2021 $ $ Course Expenditure: Bore maintenance, electricity & water costs 66,456 67,256 Chemicals, turf & sundry expenses 197,003 237,581 Consultants fees 10,092 Course maintenance 8,194 Depreciation 51,841 54,211 Petrol, oil & lubricants 339,072 367,526 Plant maintenance 15,594 Vegetation & Tree Maintenance 27,534 62,856 Wages & associated costs 48,441 29,906 46,266 1,004,213 House Expenditure: 1,067,300 1,847,337 Depreciation 1,854,005 Cleaning 583,046 Maintenance 724,942 83,267 Light, power & gas 116,570 61,506 Laundry 60,556 81,706 Upkeep of Surrounds 21,164 Other 81,721 36,097 33,149 77,562 Administration Costs: 30,559 Auditors remuneration 75,531 944,348 Committee expenses 1,123,028 Computer software & website expenses 8,150 Insurance premiums and claim expenses 2 8,350 19,439 Printing, stationery, postage & telephone 22,561 52,894 Rates & Taxes 49,133 42,590 Salaries & associated costs 53,257 17,766 Payroll Tax 18,463 108,712 Membership Promotional & Marketing Expenses 513,452 Depreciation 105,358 (3,361) Other 557,988 108,999 7,380 Finance & Property Expenses: 6,806 Interest & bank fees 23,275 88,519 Interest on Lease Liabilities 8,646 862,347 94,560 1,050,590 106,737 549 130,668 1 (h) 2,787 107,286 133,455 The accompanying notes form part of the financial statements. The accompanying notes form part of the financial statements Annual Report 2021/22 Page 45

STATEMENT OF FINANCIAL POSITION As at 31 March 2022 Current Assets Note 2022 2021 $ $ Cash & cash equivalents 3 Trade & other receivables 4 170,904 510,891 Inventories 5 225,282 240,071 Other current assets 6 386,463 345,864 147,557 155,646 Total Current Assets 7 8 930,206 1,252,472 Non-Current Assets 9 17,554,902 16,444,032 Property, plant and equipment 10 477,488 123,011 Capital works in progress 11 1 (a) 18,032,390 16,567,043 Total Non-Current Assets 1 (h) 18,962,596 17,819,515 Total Assets 11 1 (a) 626,884 707,488 Current Liabilities 10 2,731,832 2,780,792 1 (h) Trade & other payables 442,868 352,314 Subscriptions and other monies in advance 2,762,860 774,527 Short term provisions 218,428 Borrowings 283,307 58,718 Entrance Fee Liability 56,908 Lease Liabilities 4,892,267 6,904,659 Total Current Liabilities 3,941,892 2,992,334 2,374,924 Non-Current Liabilities 2,200,913 57,792 Borrowings 34,042 258,666 Entrance Fee Liability 204,345 Long term provisions 6,633,274 Lease Liabilities 5,431,634 11,525,541 Total Non-Current Liabilities 12,336,293 6,293,974 Total Liabilities 6,626,303 6,293,974 Net Assets 6,626,303 6,293,974 Equity 6,626,303 Retained earnings Total Equity The accompanying notes form pTarhteoafctchoemfipnaannyciinagl sntoatteesmfoernmtspart of the financial statements. Annual Report 2021/22 Page 46

STATEMENT OF CHANGES IN EQUITY For year ended 31 March 2022 Retained Total Earnings $ $ 2021 5,904,169 5,904,169 Balance as at 1 April 2020 389,805 389,805 Total surplus (deficit) for the year 6,293,974 6,293,974 Balance as at 31 March 2021 6,293,974 6,293,974 2022 332,329 332,329 Balance as at 1 April 2021 6,626,303 6,626,303 Total surplus (deficit) for the year Balance as at 31 March 2022 The accompanying notes form part of the financial statements Annual Report 2021/22 Page 47

STATEMENT OF CASH FLOWS For year ended 31 March 2022 Cash Flows from Operating Activities Note 2022 2021 12 Receipts from customers/members $ $ Receipts from government subsidies 3 Entrance fees 7,554,009 6,679,290 Payments to suppliers & employees 41,155 775,930 Interest paid 309,432 Interest received 228,965 (6,320,380) (5,194,000) Net cash provided by (used in) operating activities (78,604) (178,622) 6 Cash Flows from Investing Activities - 2,492,054 Payments for purchase of property, plant & equipment 1,325,127 Payments for capital work in progress (7,109,187) Proceeds from sale of property, plant & equipment (2,293,464) (96,478) Amounts received for new assets (354,476) 4,407 182 - Net cash provided by (used in) investing activities - (7,201,258) Cash Flows from Financing Activities (2,647,758) 4,313,648 Proceeds from Borrowings 1,038,775 (44,253) Payments for Lease Liabilities (56,131) 4,269,395 Net cash provided by (used in) investing activities 982,644 (439,809) Net increase/(decrease) in cash held (339,987) 950,700 Cash at beginning of the year 510,891 510,891 Cash at end of the year 170,904 Annual Report 2021/22 Page 48