2013 Annual Report Glenelg Golf Club Incorporated ABN 94 199 789 857
Mar 27, 2016
FRONT COVER COLLAGE
Highlights from 2013 (clockwise from top left)
The Brewster Brothers concert; Night Golf event; Women’s Grade 1 pennant success; Club Ambassador & Captain ‘s Lunch guest speaker, Brenton Sanderson; 2013 US Masters champion, Adam Scott; A family friendly club - The Tuohy Trophy family foursomes champions, Leigh & Geoff Attenborough; new reciprocal club, Cruden Bay in Scotland.
Our Mission To provide members with a quality golf course and facilities, a friendly environment and the opportunity to enjoy their golf.
Our Vision To be recognised by members and the golfing community as providing the best overall package of golf course, service and facilities in South Australia and ranked among the best in Australia
Our GoalsTo ensure the Club’s financial strength to meet its short, medium and long term goals without calls on members
To develop an environmentally sustainable golf course distinguished from other championship courses by unique characteristics and recognised as among the best in Australia
To provide outstanding value and service to members and guests
To foster a sense of belonging and pride amongst members and improve the profile and reputation of the Club
To promote the enjoyment of golf and the enhancement of skill through a competition program which meets the needs and expectations of members of all skill levels and interests
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CAPTAIN Mr Anthony Martin
VICE CAPTAIN Mr Gavan Fox
PRESIDENT Mr Geoff Gitsham
VICE PRESIDENTS Mrs Helen McMutrie
Mr John Rawson
COMMITTEE OF MANAGEMENT Mr Paul Duregon
Mr Brett Jarrad
Mr Sam Koukourou
Mrs Kay Nyland
Mr Bevan Roberts
Mr Greg Rundle
GENERAL MANAGER Mr David Brand
Office Bearers
Committee AttendanceAnthony Martin 12
Gavan Fox 10
Paul Duregon 11
Brett Jarrad (re-elected 27th March 2013) 9
Sam Koukourou 12
Kay Nyland 12
Gerry O’Brien (resigned 27th March 2013) 0
Bevan Roberts (re-elected 27th March 2013) 9
Greg Rundle (appointed 30th April 2013) 7
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Membership Status
Category Male Female 2013 2012 2011 2010 2009 2008
Life 2 3 5 5 5 5 3 3
Full 514 60 574 609 639 725 713 676
Full Paid 29 0 29 34 34 35 35 35
Company 48 6 54 53 52 53 53 55
Provisional 121 46 167 177 208 201 272 326
Intermediate 39 5 44 45 50 53 41 42
Six Day 55 36 91 73 54 0 0 0
Weekday 109 61 170 163 158 156 140 63
Veteran 7 2 9 10 8 4 4 6
Junior 16 6 22 26 46 63 44 28
Junior Country 0 0 0 1 1 2 0 0
Country 81 8 89 99 93 96 88 99
Temporary 14 2 16 17 34 9 9 7
Corporate 13 0 13 12 2 1 3 5
Honorary 15 0 15 16 17 16 16 16
Non Playing 11 10 21 21 26 28 29 28
Social 55 0 55 62 60 79 67 114
Honorary Social 1 0 1 2 3 3 3 3
PGA Member 2 2 4 4 4 3 3 0
Try Golf 0 15 15 26 26 26 16 0
Casual 22 3 25 31 22 19 7 0
TOTAL 1,154 265 1,419 1,486 1,542 1,577 1,546 1,506
Membership numbers as at 31st December 2013
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Performances of NoteState Team SelectionsWomen’s State Squad - Elysia YapGirls’ State Squad - Amy ZhouBoys’ State Squad - Josh HayesGolf SA High Performance Talent Identification Squad - Jenny Lee, Matilda Wheare, Lachlan Booth, Josh Hayes & William StarkeyGirls’ Cudmore Cheney Challenge - Matilda WheareVictoria vs South Australia Border Challenge Metro - Josh Hayes, Jack Hynes & Will StarkeyMen’s & Junior Boys’ Interstate Series Coach - Gareth JonesSA Secondary Schools Team - Matilda Wheare, Josh Hayes, Jack Hynes & Will StarkeySA Primary Schools Team - Jack Tanner
Amateur EventsRay Schwartz Vardon (Tea Tree Gully Junior Vardon) - Lachlan BoothFleurieu Women’s Vardon - Jenny LeeFleurieu Junior Vardon - Josh HayesFlagstaff Hill Junior Vardon - Josh HayesLM Gordon Bowl (Royal Adelaide Women’s Vardon) - Elysia YapGlenelg Women’s Vardon - Jenny LeeGrange Salver (Grange Women’s Vardon) - Jenny LeePaul Backhouse Memorial Rosebowl (Grange Junior Vardon) - Josh HayesSA Business Women’s Championship - Sarah GriffithsSA Women’s Champion of Champions - Jill HodgeGolf SA Open Week Metro Silver - Jill HodgeJenkins-Scott Trophy (Mt Osmond Women’s Vardon) - Jenny LeeJack Newton Junior - Jenny LeeAaron Baddeley State Final - Jack HynesSA Amateur Championship Runner Up - Jenny LeeSA Junior Amateur Championship Runner Up - Jenny LeeAustralian Amateur Championship Runner Up - Jenny LeeSA Women’s Country Champion - Deb ChristieRhonda Watson Brooch - Glenelg (Elise Dignan, Cathy Symons & Elysia Yap)Golf SA Junior Open - Jenny Lee
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Women’s Grade 1 Pennant WinnersHeather Waddy (Team Manager), Jenny Lee, Sophie James, Jill Hodge, Josie Hodge, Elysia Yap & Amy Zhou
Men’s Bonnar Cup Runners UpWayne Humphries (Team Manager), Martin Ardill, Luke Bashford, James Brown, Lee Cole, Henry Duregon, David Hiern, Sam Hynes, Matt Mudford, Michael Ratajewski, Will Starkey & Braeden Kelly
Women’s Grade 2 Pennant Runners UpRuth Martin (Team Manager), Jess Burns, Joy Green, Sarah Griffiths, Cathy Johnson, Anne Marks, Sue Raggatt, Sue Tuohy, Sam White & Jill Gehling
Sharp Cup (Junior Pennant) Runners UpJames McDonald (Team Manager), Haydn Booth, Josh Hodgson, Jack Hynes, Jackson Kalz, Liam Kennewell, Jenny Lee, Sam Raschella, Sam Williams & Todd Williams
Ian Symons (January) ..........................................................................11th HoleGary Cundy (March) .............................................................................11th HoleMalcolm Lindquist (April) ....................................................................3rd HolePeter Gebhardt (June) ........................................................................ 16th Hole
Richard Yap (June) ..................................................................................3rd HoleDavid Rowse (November) .................................................................... 3rd HoleBernie Manser (December) .................................................................11th Hole
Holes in One
The winning Glenelg Women’s A1 Pennant Team
Star player, Jenny Lee, in action during the 2013
Golf SA Pennant season
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Club Championship & Trophy WinnersEvent Winner Runner Up
Men’s Club Championship Campbell Rawson David Hiern
Women’s Club Championship Jill Hodge Elise Dignan
RF Stevens Trophy Campbell Rawson Andrew Grzybowski
Men’s B Grade Championship Richard Karolewicz Ralph Faithfull
Men’s C Grade Championship Bevan Roberts Stephen Dean
Women’s B Grade Championship Chris James Jill Stone
Women’s C Grade Championship Judy Clayton Ann Colmer
Men’s A Grade Plate Brett Cefai Henry Duregon
Men’s B Grade Plate Mark Footner Troy Perriam
Men’s C Grade Plate Wayne Sands Anton Clovicko
Boys’ Club Championship Josh Hayes Sam Raschella
Girls’ Club Championship Matilda Wheare Hyoyi Pyun
Men’s Senior Championship Denis Prider Chris Whitford
Jimmy McLachlan Trophy Anthony Olsen Matt Overall
Women’s Open Championship Josie Hodge Jill Hodge
Men’s Foursomes Championship Andrew Grzybowski & Anthony Olsen Henry Duregon & Sam Raschella
Women’s Foursomes Championship Jan Dale-Harris & Jill Hodge Cathy Johnson & Sue Raggatt
Men’s A Grade Foursomes Henry Duregon & Sam Raschella Andrew Grzybowski & Anthony Olsen
Men’s B Grade Foursomes Mark Footner & Keith Turner Allen Campbell & Peter Thomas
Men’s C Grade Foursomes Rob Arbon & Mike Panno Adrian Harders & Bevan Roberts
Women’s B Grade Foursomes Championship Chris James & Christine Sullivan Ros Henderson & Ros Osborn
Women’s C Grade Foursomes Championship Pat Aitken & Alison Waterman Lynne Cotton & Carmel Fairweather
Mixed Foursomes Championship Campbell Rawson & Elysia Yap David Brand & Cathy Symons
Rhonda Watson Brooch (Gross) Elise Dignan, Cathy Symons & Elysia Yap
Rhonda Watson Brooch (Net) Jodie Deacon, Deb Percy & Jill Trenorden
Brian Ferris Memorial Trophy Jack Williams Heath Riches
Eric Scovell Trophy Colin Coleman Jake Hurst
Women’s Vardon Jenny Lee Ebony Heard
Owen Whitford Trophy James Brown & Jacqui Whitford Andrew Hodge & Jill Hodge
Lance Begg Trophy Gavan Fox & Karin Fox Deane Harris & Jan Dale-Harris
Winter Pinehurst Foursomes Trophy Ian Foord & Joy Green Cathy Symons & Ian Symons
Don Harris Memorial Trophy Mark Fleer & John Wainwright Lisa Faehrmann & Geoff Gitsham
Tuohy Trophy Geoff Attenborough & Leigh Attenborough Jack McGrath & Paul McGrath
Event Winner Event Winner
Governor’s Cup Paul McBriarty (West Lakes) Glenelg Trophy (Juniors) Sam Raschella
Senior Cup Ron Heald Boys’ Handicap Matchplay Josh Hodgson
Anzac Trophy Phill Noblet Rawson Memorial Ian Gardner
Captain’s Trophy Brian Welsh Don Watson Memorial Graham Spall
President’s Trophy Brett Cefai & Stephen Dean Frank Collins Memorial Grant Baum
Glenelg Trophy Paul McGrath AH Smerdon Memorial Louis Langanis
Sam Percival Trophy Richard Karolewicz Steve McKee Memorial Ian Daebeler
Milo Sprod Trophy John Burkett Summer Cup Trent Kotz
Reg Sands Starter’s Trophy Greg Kendall Harold Wright Memorial Anthony Olsen
Norm Omond Medals A: Brett Cefai Men’s Winter Matchplay Jim Sullivan
B: Bruce Davy Brian Bashford Memorial Graham Hobbs
C: Mike Panno
Women’s Event Winner Women’s Event Winner
President’s Foursomes Cathy Darling & Heather Waddy Shylie Rymill Foursomes Helen McMutrie & Helen Mesnil
Captain’s Trophy Sue Raggatt Consistency Cup Marie Winter
Laurel Wreath Judy Martin Aggregate Par Trophy Sue Tuohy
International Bowl Silver: Kay Nyland Veterans’ Handicap Nancy Craigie
Bronze: Joyce Thomas Veterans’ Handicap Gross Jayne Staridas
Shane Robinson Trophy Jayne Staridas Veterans’ Handicap Net Joy Giles
Club Medal 1 Joy Giles JM Sims Trophy A Grade: Jill Gehling
Club Medal 2 Chris James B Grade: Marie Winter
Club Medal 3 Marie O’Halloran C Grade: Karin Fox
Club Medal 4 Elysia Yap Essex Stroke Silver: Ruth Martin
Caddy Trophy Jan Dale-Harris Bronze: Peggy Lau-Flux
Past Committee Trophy Marg Coker Most Improved Handicap Sue Robinson
Grandmothers’ Trophy Jill Sutter Jacka Trophy Lisa Faehrmann
Putting Trophy Ruth Martin
Wallace Stroke Louise Pike
Parfection Prize Sophie James
Ella Cole Trophy Matilda Wheare
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Event Winner Runner Up
Men’s Club Championship Campbell Rawson David Hiern
Women’s Club Championship Jill Hodge Elise Dignan
RF Stevens Trophy Campbell Rawson Andrew Grzybowski
Men’s B Grade Championship Richard Karolewicz Ralph Faithfull
Men’s C Grade Championship Bevan Roberts Stephen Dean
Women’s B Grade Championship Chris James Jill Stone
Women’s C Grade Championship Judy Clayton Ann Colmer
Men’s A Grade Plate Brett Cefai Henry Duregon
Men’s B Grade Plate Mark Footner Troy Perriam
Men’s C Grade Plate Wayne Sands Anton Clovicko
Boys’ Club Championship Josh Hayes Sam Raschella
Girls’ Club Championship Matilda Wheare Hyoyi Pyun
Men’s Senior Championship Denis Prider Chris Whitford
Jimmy McLachlan Trophy Anthony Olsen Matt Overall
Women’s Open Championship Josie Hodge Jill Hodge
Men’s Foursomes Championship Andrew Grzybowski & Anthony Olsen Henry Duregon & Sam Raschella
Women’s Foursomes Championship Jan Dale-Harris & Jill Hodge Cathy Johnson & Sue Raggatt
Men’s A Grade Foursomes Henry Duregon & Sam Raschella Andrew Grzybowski & Anthony Olsen
Men’s B Grade Foursomes Mark Footner & Keith Turner Allen Campbell & Peter Thomas
Men’s C Grade Foursomes Rob Arbon & Mike Panno Adrian Harders & Bevan Roberts
Women’s B Grade Foursomes Championship Chris James & Christine Sullivan Ros Henderson & Ros Osborn
Women’s C Grade Foursomes Championship Pat Aitken & Alison Waterman Lynne Cotton & Carmel Fairweather
Mixed Foursomes Championship Campbell Rawson & Elysia Yap David Brand & Cathy Symons
Rhonda Watson Brooch (Gross) Elise Dignan, Cathy Symons & Elysia Yap
Rhonda Watson Brooch (Net) Jodie Deacon, Deb Percy & Jill Trenorden
Brian Ferris Memorial Trophy Jack Williams Heath Riches
Eric Scovell Trophy Colin Coleman Jake Hurst
Women’s Vardon Jenny Lee Ebony Heard
Owen Whitford Trophy James Brown & Jacqui Whitford Andrew Hodge & Jill Hodge
Lance Begg Trophy Gavan Fox & Karin Fox Deane Harris & Jan Dale-Harris
Winter Pinehurst Foursomes Trophy Ian Foord & Joy Green Cathy Symons & Ian Symons
Don Harris Memorial Trophy Mark Fleer & John Wainwright Lisa Faehrmann & Geoff Gitsham
Tuohy Trophy Geoff Attenborough & Leigh Attenborough Jack McGrath & Paul McGrath
Event Winner Event Winner
Governor’s Cup Paul McBriarty (West Lakes) Glenelg Trophy (Juniors) Sam Raschella
Senior Cup Ron Heald Boys’ Handicap Matchplay Josh Hodgson
Anzac Trophy Phill Noblet Rawson Memorial Ian Gardner
Captain’s Trophy Brian Welsh Don Watson Memorial Graham Spall
President’s Trophy Brett Cefai & Stephen Dean Frank Collins Memorial Grant Baum
Glenelg Trophy Paul McGrath AH Smerdon Memorial Louis Langanis
Sam Percival Trophy Richard Karolewicz Steve McKee Memorial Ian Daebeler
Milo Sprod Trophy John Burkett Summer Cup Trent Kotz
Reg Sands Starter’s Trophy Greg Kendall Harold Wright Memorial Anthony Olsen
Norm Omond Medals A: Brett Cefai Men’s Winter Matchplay Jim Sullivan
B: Bruce Davy Brian Bashford Memorial Graham Hobbs
C: Mike Panno
Women’s Event Winner Women’s Event Winner
President’s Foursomes Cathy Darling & Heather Waddy Shylie Rymill Foursomes Helen McMutrie & Helen Mesnil
Captain’s Trophy Sue Raggatt Consistency Cup Marie Winter
Laurel Wreath Judy Martin Aggregate Par Trophy Sue Tuohy
International Bowl Silver: Kay Nyland Veterans’ Handicap Nancy Craigie
Bronze: Joyce Thomas Veterans’ Handicap Gross Jayne Staridas
Shane Robinson Trophy Jayne Staridas Veterans’ Handicap Net Joy Giles
Club Medal 1 Joy Giles JM Sims Trophy A Grade: Jill Gehling
Club Medal 2 Chris James B Grade: Marie Winter
Club Medal 3 Marie O’Halloran C Grade: Karin Fox
Club Medal 4 Elysia Yap Essex Stroke Silver: Ruth Martin
Caddy Trophy Jan Dale-Harris Bronze: Peggy Lau-Flux
Past Committee Trophy Marg Coker Most Improved Handicap Sue Robinson
Grandmothers’ Trophy Jill Sutter Jacka Trophy Lisa Faehrmann
Putting Trophy Ruth Martin
Wallace Stroke Louise Pike
Parfection Prize Sophie James
Ella Cole Trophy Matilda Wheare
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Year President Captain Vice-Captain Year President Captain Vice-Captain
1927 A.J. Roberts S. Jackman F.G. Hicks 1970 N.E. Bagshaw J.R. Alderman J.D. Omond
1928 A.J. Roberts S. Jackman F.G. Hicks 1971 N.E. Bagshaw J.R. Alderman J.D. Omond
1929 A.J. Roberts S. Jackman F.G. Hicks 1972 N.E. Bagshaw J.D. Omond M.C.E. Summers
1930 A.J. Roberts S. Jackman F.G. Hicks 1973 N.E. Bagshaw J.D. Omond M.C.E. Summers
1931 A.J. Roberts F.G. Hicks John Hill 1974 N.E. Bagshaw M.C.E. Summers R.B. Bennett
1932 Not Appointed F.G. Hicks John Hill 1975 N.E. Bagshaw M.C.E. Summers R.B. Bennett
1933 W. Fisk John Hill G. McLeay 1976 F.G. Collins R.B. Bennett G.A. Hodgson
1934 W. Fisk John Hill G. McLeay 1977 F.G. Collins R.B. Bennett G.A. Hodgson
1935 W. Fisk J.E. Ashton G. McLeay 1978 F.G. Collins G.A. Hodgson H.T. Slade
1936 W. Fisk J.E. Ashton G. McLeay 1979 F.G. Collins G.A. Hodgson H.T. Slade
1937 W. Fisk K.C. Crookall Dr. A.H. Guymer 1980 F.G. Collins H.T. Slade B.J. Manser
1938 W. Fisk Dr. A.H. Guymer Dr. C.B. Maddern 1981 F.G. Collins H.T. Slade B.J. Manser
1939 Frank Smith Dr. A.H. Guymer J.E. McKee 1982 F.G. Collins B.J. Manser J.E.O. Handford
1940 Frank Smith J.E. McKee V.M. Thomas 1983 F.G. Collins B.J. Manser J.E.O. Handford
1941 Frank Smith V.M. Thomas W.B. Holt 1984 R.B. Bennett J.E.O. Handford G.D. Gitsham
1942 Frank Smith V.M. Thomas W.B. Holt 1985 R.B. Bennett J.E.O. Handford G.D. Gitsham
1943 Frank Smith V.M. Thomas W.B. Holt 1986 R.B. Bennett G.D. Gitsham A.K. Whitford
1944 Baden Pattinson V.M. Thomas W.B. Holt 1987 R.B. Bennett G.D. Gitsham A.K. Whitford
1945 Baden Pattinson W.B. Holt A.C. Brooke 1988 R.B. Bennett A.K. Whitford D.N. Barton
1946 Baden Pattinson W.B. Holt A.C. Brooke 1989 R.B. Bennett A.K. Whitford D.N. Barton
1947 W. Allen E.Caradoc Ashton S.N. McKee 1990 R.B. Bennett D.N. Barton J.L. Waddy
1948 H.H. Handby E.Caradoc Ashton S.N. McKee 1991 R.B. Bennett D.N. Barton J.L. Waddy
1949 H.H. Handby E.Caradoc Ashton S.N. McKee 1992 R.B. Bennett J.L. Waddy J.R. Giles
1950 C.H. Fidock S.N. McKee F.G. Collins 1993 R.B. Bennett J.L. Waddy J.R. Giles
1951 C.H. Fidock S.N. McKee F.G. Collins 1994 D.N. Barton J.R. Giles J.A. Rawson
1952 C.H. Fidock F.G. Collins S.D. Harris 1995 D.N. Barton J.R. Giles J.A. Rawson
1953 C.W. Anderson F.G. Collins S.D. Harris 1996 D.N. Barton J.A. Rawson I.P. Symons
1954 C.W. Anderson S.D. Harris D.M. Watson 1997 D.N. Barton J.A. Rawson I.P. Symons
1955 C.W. Anderson S.D. Harris D.M. Watson 1998 D.N. Barton I.P. Symons D.M. Lindsay
1956 C.W. Anderson S.D. Harris D.M. Watson 1999 J.L. Waddy I.P. Symons D.M. Lindsay
1957 C.W. Anderson D.M. Watson C.M. Wood 2000 J.L. Waddy D.M. Lindsay C.R. Whitford
1958 C.W. Anderson D.M. Watson C.M. Wood 2001 J.L. Waddy D.M. Lindsay C.R. Whitford
1959 C.W. Anderson D.M. Watson C.M. Wood 2002 J.L. Waddy C.R. Whitford P.J. Norman
1960 W.J. Parkinson C.M. Wood N.E. Bagshaw 2003 J.L. Waddy C.R. Whitford P.J. Norman
1961 W.J. Parkinson C.M. Wood N.E. Bagshaw 2004 B.J. Manser P.J. Norman I.R. Brooks
1962 W.J. Parkinson N.E. Bagshaw P.T. Morton 2005 B.J. Manser P.J. Norman I.R. Brooks
1963 W.J. Parkinson N.E. Bagshaw P.T. Morton 2006 B.J. Manser I.R. Brooks P.R. McGrath
1964 N.E. Bagshaw N.E. Bagshaw P.T. Morton 2007 B.J. Manser I.R. Brooks P.R. McGrath
1965 N.E. Bagshaw P.T. Morton J.A. Butler 2008 B.J. Manser P.R. McGrath N.J. Johnson
1966 N.E. Bagshaw P.T. Morton J.A. Butler 2009 G.D. Gitsham P.R. McGrath N.J. Johnson
1967 N.E. Bagshaw J.A. Butler J.A. Manning 2010 G.D. Gitsham N.J. Johnson A.J. Martin
1968 N.E. Bagshaw J.A. Butler J.A. Manning 2011 G.D. Gitsham N.J. Johnson A.J. Martin
1969 N.E. Bagshaw J.A. Manning J.R. Alderman 2012 G.D. Gitsham A.J. Martin G.M. Fox
2013 G.D. Gitsham A.J. Martin G.M. Fox
Office Bearers 1927 - 2013
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Name Years Name Years Name Years Name Years
Alderman, J.R. 24 Gillespie, D.P. 3 Manning, J.A. 7 Rundle, G.C. 1
Allen, W.S. 16 Gillman, J.F. 1 Manser, B.J. 12 Sando, H.H. 3
Ashton, E.C. 11 Gitsham, G.D. 6 Marshall, A.K. 1 Sands, R.G. 3
Ashton, J.E. 16 Goldsworthy, J.S. 2 Martin, A.J. 8 Sauerbier, L.C. 3
Bagshaw, N.E. 11 Guy, G.R. 3 Martin, S.G. 2 Skinner, L.P. 5
Barton, D.N. 13 Guymer, Dr. A.H. 3 Mausolf, N. 6 Slade, H.T. 11
Bennett, R.B. 9 Handford, J.E.O. 10 McCarter, L. 5 Stanhope, B.H. 1
Bishop, W.P. 6 Harris, S.D. 12 McCarthy, K.J. 6 Stevens, G.B. 5
Briscoe, P.C.A. 11 Hartford, B.B. 1 McFarlane, A. 3 Stevens, R.F. 8
Brooke, A.C. 6 Hendry, J.M. 2 McFarlane, K.B. 3 Still, J.A. 4
Brooks, I.R. 10 Hewett, L.P. 2 McGlasson, A. 6 Stone, J.C. 3
Brooks, L.A. 1 Hicks, F.G. 5 McGrath, P.R. 8 Summers, M.C.E. 20
Burgen, O.T. 3 Hill, J. 5 McKee, J.E. 5 Symons, I.P. 10
Butler, J.A. 11 Hodgson, G.A. 13 McKee, S.N. 12 Thomas, V.M. 6
Campbell, K.S. 3 Hodgson, J.W. 1 McLeay, G. 2 Thompson, G.R. 4
Chamberlain, R.R. 1 Holt, W.B. 9 McLuckie, R. 3 Trabilsie, F.J. 7
Chapple, G.B. 3 Hull, S.C. 2 McMutrie, H. 6 Truscott, R.W. 1
Collins, F.G. 21 Humphries, W.G. 5 Merrett, A.F. 6 Vivian, A.B. 5
Connelly, P.F. 3 Jackman, A.J. 2 Morton, P.T. 23 Waddy, J.L. 6
Crookall, K.C. 2 Jackman, J.W. 1 Nelson, R.A. 2 Walsh, T.I. 6
Cudmore, D.C. 2 Jackman, S. 4 Newton, R. 4 Warburton, C. 9
Dale, M.E. 9 Jarrad, B. 4 Norman, P.J. 9 Watson, D.M. 21
Darling, A.E. 12 Johnson, A.C.M. 7 Nyland, K. 5 Watson, E.J. 1
Dignan, J.A. 1 Johnson, N.J. 6 O’Brien, G.P. 6 Weston, G.W. 3
Duregon, P.B. 3 Johnson, W.G. 2 Omond, J.D. 21 Wheatley, J.A. 9
Ellers, L.G. 3 Kenny, J.P. 1 Palmer, J.S. 4 Whitford, A.K. 12
English, R.J. 10 Kimber, A.W. 4 Percival, S.T.P. 1 Whitford, C.R. 10
Ferris, B.T. 4 Koukourou, S. 8 Phillips, D.W. 2 Wood, C.M. 11
Flehr, B.E. 4 Lacey, E.H. 2 Phillips, M.B. 14 Wood, L.M. 4
Follett, R.M. 7 Lewis, F.A. 24 Price, W.D. 1 Wood, W.C. 2
Foster, G.C. 1 Lindsay, D.M. 8 Pritchard, W.A. 2 Woolcott, E.S. 3
Fox, G.M. 7 Maddern, Dr. C.B. 1 Rawson, J.A. 11 Wright, H.F. 6
Frances, I.K. 2 Maddern, J.P. 5 Rawson, K.A. 16 Young, W.D. 2
Freeman, R.E.N. 3 Mahoney, W.J. 5 Reade, T.C. 6
Giles, J.R. 10 Mallen, L. 3 Roberts, B.M. 2
Committee Members 1927 - 2013
Tony Martin Captain
Gavan Fox Vice-Captain
Captain’s Report
Gameplan Review & Highlights
Tony Martin Captain
Annual Report | Page 12
• Improved local and overseas reciprocals• Women’s pennant success• More variety and fun• Good financial management• Increased debt reduction achieved• Improved course presentation, reputation and ranking• The Bay Coterie Group launched• Enhanced and more flexible membership categories
Let’s start with Adam Scott and the US Masters win! It does not get much better than this. The game has been struggling, but this historic victory has changed the landscape and will see renewed interest and enthusiasm at all levels, especially at the grass roots which will help kick start the game again.
As Wayne Grady says “If you want to build the perfect golfer so far as swing, personality and humility, just the whole person, you’d build Adam Scott.”
We hope Adam (and others) keep on winning and our game grows as a result!
In respect to the Club, much has been achieved with a number of firsts and some significant advancements in the member value areas.
Early in the year, the Committee of Management and key management staff held a planning session to develop the Club’s Strategic Gameplan for the period 2013-2017. Among some of the key goals and objectives was the need for the Club to offer a family friendly, welcoming and relaxed environment, and to better understand the needs and requirements of new and existing members.
Some quoted extracts:
‘Golf is a game of history and tradition that faces significant challenges in a modern society with so many competing challenges. They are specifically related to time, expense, difficulty and choice.’
‘… to find the right pathways forward to ensure the best possible golf and sociably pleasing experience going forward.’
The purpose of this report document is to explore some ideas that will drive us more toward the game being faster, more affordable and make it easier to access and play and ultimately to have more fun.’
‘There is a concept that golf is more than a game. In fact some would say ... “It’s a game for life.”’
‘We believe golf should be affordable, accessible and ageless. Golf is about healthy exercise and having fun in a safe and friendly environment.’
The final summary document, titled “Our Strategic Gameplan (2013-2017) – The Short Game Version” was presented to members at the Annual General Meeting in March. A number of short and long-term goals and key performance indicators were identified in the document and I am pleased to advise that we have been able to meet many of those short-term goals during 2013.
Some of these successes include:
1. More variety and fun – we held our first Night Golf event and was universally hailed a great success. We are now doing it again in April 2014 with an expanded event.
2. More social activities – Concert at The Bay with The Brewster Brothers (nee Angels) came to the club and over 150 rockers danced the night away. Again a shining light in the year that will ensure future well known artists will follow.
3. Enhanced member value – we have added to our impressive local reciprocal courses/club list that now boasts Woodlands (VIC) and St. Michael’s (NSW).
4. Even more enhanced member value – we joined the Pacific Links group which opens up access to over 40 premium overseas golf courses/clubs mainly in the Asia Pacific region and USA. This is a significant value add to any member travelling overseas.
5. And finally, we have further enhanced member value with the recent signing of Cruden Bay which is a major coup as this is one of the world’s finest links golf courses.
The above are significant as what this means is that with just one membership, you, the member, have the ability to now access over 60 world class golf courses so that we can say “one club.............more golf”! We believe this is a major step in the right direction.
The Committee of Management also set itself an ambitious set of targets in 2013 given the current economic conditions. Whilst just missing our net surplus target,
we were still able to report a modest net surplus, but more importantly, the Club’s strong cash flow position saw us exceed our debt reduction target for the year.
Another short-term goal set by the Committee of Management was to feature in club and service awards of excellence, and whilst the Club was unsuccessful in winning any awards this year, we were nominated for three SA Bridal Industry awards and two Clubs SA awards for excellence.
We maintained our commitment to ensuring the golf course continued to be manicured so that conditioning and presentation are of the highest quality, in an effort to maintain and improve our course rankings. In December 2013, it was announced that Glenelg had climbed another place to 28th in Golf Australia Magazine’s top 100 golf courses, the only Adelaide club to improve its ranking.
Food & Beverage was another key area of focus for the Committee of Management and after a slow first six months, we saw significant improvements in clubhouse utilisation and profitability in the latter months of the year. Our food and beverage operations continue to be the envy of many other golf clubs in Adelaide and with an increasing trend in wedding (approaching Gameplan target of 30), function and conference bookings being seen in recent months, we hope to achieve even better results in 2014.
Another ‘first’ has seen the introduction of “The Bay Coterie Group” which is a member-driven initiative by a few passionate members aiming to establish a group of 100 or more generous and loyal members who wish to help finance special projects . You are sure to hear more soon.
Annual Report | Page 13
Looking back on the year that was (2013) there is a great list of successes, firsts and achievements both in respect to our Club and golf generally.
It has been a very good year! Defining moments?
It is pleasing to report a net surplus of $19,845 for the year ending 31st December 2013 despite the tight economic conditions faced during the year, with total equity increasing by the same amount to $4,201,832.
The Club continued to report strong cash flow with a net increase in its cash position of $81,340 as at 31st December 2013. This included repayment of a further $350,000 off the clubhouse loan, $50,000 more than budgeted, ensuring we continue to meet our debt reduction obligations as previously outlined to members. The Club reduced its operating debt associated with hire purchases and lease agreements by $91,190, and when accounting for $46,500 in additional leases covering the acquisition of six new golf carts, the Club was able to reduce its total debt level by $397,690 to $2,431,297.
Following a decrease in membership income as reported in 2012, it is pleasing to report a small increase in membership revenue for 2013. Strong entrance fee revenue totalling $243,360 was 7% higher than the previous year and accounts for much of the increase in membership revenue. Interest in membership continues to be strong with 71 new members joining the Club, including 32 new members across all categories requiring full payment of the entrance fee. Although down slightly, this was offset by a higher membership retention rate with only 132 resignations, compared with 147 in 2012. Full member equivalent (FMI) numbers continue to fall and this is reflected in reduced Infrastructure Levy revenue of $291,248, all of which was allocated to the Club’s debt reduction program.
A reduced capital expenditure schedule saw only $245,392 spent on various projects, compared with $349,383 in 2012, with most capital items targeted to deliver savings on future operational expenditure.
An audit undertaken on the Club’s electricity usage in 2012 led to the installation of LED lighting throughout clubhouse in early 2013, replacing the old halogen downlights. This project will have estimated annual savings of approximately $5,000. A 10kW solar system was installed on the clubhouse
roof in March with an estimated payback period of approximately 7 to 10 years. A new photocopier was purchased for the Administration Office late in the year which will deliver savings in excess of 50% of the previous machine’s operating costs.
Further capital expenditure was undertaken on the ageing maintenance facility to ensure our WHS and environmental obligations were being met, whilst a new dishwasher, stainless steel benching and other associated equipment were installed in the kitchen scullery. The 12th tee toilet block received a well overdue upgrade with funds to be allocated in 2014 to upgrade the 4th tee toilet.
Bar and catering contributed a combined net profit of $235,176 in 2013, a 25% increase over 2012 figures. Bar performance was exceptional posting a net profit of $195,419, surpassing the previous year’s result by 60%. Strong bar sales, particularly in the 2nd half of the year, combined with careful management of staffing levels and purchasing, was the key to this excellent result. Catering struggled to post its usual profits through the first half of 2013 with an unexpected drop in function bookings. A marked increase in bookings, particularly weddings, in the second half saw Catering post a net profit of $39,757 for the year.
Total expenditure grew by only 1.3% in 2013 through careful cost management strategies. Administration expenses increased by 3.1%, most of which was related to increased marketing, communications and advertising costs as we strive to develop alternative revenue streams for the Club. Finance costs were reduced by $28,504 as we continued our debt reduction program. Course expenses increased marginally, whilst house saw no material increase in expenditure.
Financial Scoreboard• Debt reduction success• Improved food and beverage result• Tough wedding and function market• Membership steady
JanuaryMartin Ardill appointed Clubhouse Operations Manager, replacing Karen Steindorf
13th greenside bunkers refurbished
Brad Edwards joins Course Maintenance team, replacing David Kinnear
Finance & Administration Manager, Carly Clough, takes 6 months maternity leave
FebruaryLED lighting installed throughout clubhouse, replacing old halogen downlights
Extreme hot weather impacts on course usage and F&B sales
Anvers wines become house pour through sponsorship arrangement with the Club’s pennant teams
New Junior Golf sub-committee introduced
64 women participate in Women’s Try Golf program
Links Lady Bay pennant camp held
MarchGerry O’Brien resigns from COM
2013-2017 Strategic Game Plan finalised and distributed to members
New family price structure introduced for the Junior Tigers Golf Program
James McDonald resigns as Assistant Course Operations Manager, replaced by Simon Grieve
86th Annual General Meeting held
10kw solar system installed on clubhouse roof
AprilGolf SA Classic & Rene Erichsen held
Greg Rundle appointed to COM in casual vacancy
Various new membership categories and policies introduced for new membership year
Quarterly instalment plan and direct debit payment options implemented
Woodlands Golf Club added to reciprocal club list
Shane Birss joins Course Maintenance team
Annual Report | Page 14
A year of controlled fiscal policy has put the Club in a stronger financial position with a positive outlook for 2014.
Annual Report | Page 15
The focus for our golf course maintenance operations in 2013 was in maintaining outstanding turf quality, conditioning, presentation and playability all year round, something for which our Club has become well known. I am sure all would agree that we were able to achieve this during the year.
Minimal major works were carried out in 2013 as we focused our attention on grooming and presentation.
During the first half of the year, the nursery area between the 11th and 12th holes was redeveloped, establishing 2,800m2 of turf for a variety of different applications. Landscaping works were also undertaken to tidy up what has been a rather unsightly area of the golf course for a number of years. The establishment of this enlarged nursery, which also included the installation of a new irrigation system, has the capacity to save upwards of $10,000 per annum by allowing us to harvest our own turf for our requirements rather than importing turf at significant cost.
Our ongoing bunker refurbishment program continued during the year with 16 bunkers receiving attention on various access issues and revetting. Refurbishment works included the greenside bunkers on the 13th, 12th, 7th, 16th, 2nd, 14th and 10th holes.
Minor course enhancement works were carried out, including the refurbishment of quartzite paths on 10th/11th, 14th & 15th/16th. The redesign of the pathway on the 14th hole has enhanced the look
of the hole, taking the path out of players’ eyeline and directing all traffic through the natural landscape. A new irrigation system was installed on the left hand side of the entrance road adjacent the 10th tee to improve the visual amenity of this area and the quality of the grassed overflow car park area. An upgrade of the practice nets adjacent the chipping green was completed during 2013 and course renovations were again carried out in September with all work finished within two weeks.
In keeping with the Club’s goal of developing an environmentally sustainable golf course, we were able to demonstrate improved efficiency in the operation of our irrigation system. During the year, careful management resulted in utilising 20% less water than the actual requirement of the turf, resulting in an effective saving of $40,000 in irrigation expenses. This was despite receiving only 31% of average rainfall for the months of October to December.
Our ASR wetland system continues to provide the Club with a consistent and guaranteed supply of quality irrigation water. In total, 119ML (119,000,000L) of stormwater was injected into the underlying aquifers throughout the year, bringing the overall total of injection to 345ML since the system commenced full operation in 2011.
In order to ensure continued efficiency with the ASR wetland system, the Club carried out a review of the system’s operations during the year, funded by the Adelaide
& Mt Lofty Ranges Natural Resources Management Board. The review identified a number of changes to the system with many of the improvements implemented and generating excellent results. Issues from extracting sedimentation from underlying aquifers and causing blockages in the irrigation system were rectified late in the year with the installation of a sand filter on the problematic ASR2 bore.
The Club’s commitment to meeting its WHS and environmental obligations saw further work undertaken on the maintenance facility. Works included the upgrade of the Club’s chemical mixing area with weather protection, drainage and bunding installed to meet legislative requirements. Other minor works were also undertaken and procedures put in place to ensure compliance requirements were met.
Our golf course continues to be the jewel in the crown of what we offer our membership base. Its condition continues to improve every year and this is a credit to our highly skilled course maintenance team led by our highly regarded Course Superintendent, Daryl Sellar, and Course Operations Manager, Graham Stevens.
Golf Course• Outstanding course condition• Continued bunker enhancement success• Increased reputation and national ranking• Improved water efficiency and usage
Annual Report | Page 16
Course renovations play an integral role in the condition and presentation of our course. Daryl and his team continue to make modifications to the renovation
program carried out through September each year, with the aim of reducing the impact to members
Annual Report | Page 17
Our Course Operations Team with Australian golfing legend, Wayne Grady
before the 2013 Glenelg Foundation Day
Annual Report | Page 18
For much of 2013, the Membership & Member Focus sub-committee was concentrating on ways to deliver a greater level of service and value to members and to establish alternative sources of revenue.
Recognising a gap in the new member market, new policies were introduced targeting the age brackets 25-40 years of age and the over 65s. Weekday Senior membership was introduced, offering those over the age of 65 the chance to join the Club as a Weekday member with a reduced entrance fee – an option not previously available to new members. Intermediate Plus was created for those aged 25 to 34 who may have family and work commitments and not necessarily have the available funds or time to commit to a Full membership at this stage. A discounted entrance fee and subscription, along with restricted playing rights, form the basis of Intermediate Plus membership. Neither category has seen a large take up in the early stages although we anticipate more interest in coming years.
One of the Club’s strategic goals is to offer a fun, family friendly, welcoming and relaxed environment for members. In keeping with this goal, a new entrance fee policy was introduced offering significant discounts for new members joining the Club under the age of 25 who have parents or grandparents as members. It is hoped this new policy will encourage family memberships and generate family lineage of membership designed to enhance the Club’s unique family culture and casual, relaxed atmosphere.
Affordability is a key concern for the Club. As our operating costs continue to increase, we need to provide our members with affordable, flexible membership options to ensure they can remain as members well into the future. Accordingly, quarterly instalment direct debit payment options were introduced to give members an alternative option to pay their subscriptions. Approximately 60 members took out this option in 2013 and we expect this number will increase in future years.
The establishment of new revenue streams is a key focus for the Club. Sponsorship arrangements were entered into with Anvers Wines, McGrath Real Estate, the Watermark Hotel and SA Safe Supplies to assist in the funding of the Club’s pennant program. We thank Kevin Thomas (Anvers Wines), Paul McGrath (McGrath Real Estate), David Elmes (the Watermark Hotel) and Mark Roberts (SA Safe Supplies) for their generous support. Other event sponsors throughout the year included Mark Fleer (The Tool Chrome Company), Jane Nelson (Magain Real Estate), Phil Greig (City Mazda) and the Tuohy family.
The Anvers Wines partnership extended beyond the pennant program with a number of other initiatives, including becoming the new house pour and the introduction of the Saturday Anvers Wine Open held in June coinciding with a special Anvers wine tasting day for members.
The first full year of the partnership with the Adelaide Football Club saw some great initiatives for members. A 10% discount for food and beverages was offered to all Adelaide Football Club members during the AFL’s home and away season – many Club members made use of this offer and we saw a number of new faces around the Club for lunches and dinners as a result. Brenton Sanderson continued his role as Club Ambassador providing exposure for the Club through the media and on social media sites, and culminating at the December Captain’s Lunch as guest speaker.
Corporate membership was restructured during 2013 resulting in an increase in numbers. Signs Inc., Metcash, Starr Rubber & Plastics, Mitsubishi Electric and John Lewis Foodservice were just some of the new companies taking out new corporate membership packages and making the most of the Club’s hospitality and conference facilities. In total, approximately $50,000 was generated through Corporate memberships.
We saw a large spike in advertising, marketing and communications expenses in 2013 as we heavily promoted our Pinehill Bistro, our function and conference facilities and our
Membership & Member Focus• Improved local reciprocals and value adds• Improved overseas reciprocals and value adds• Improved and more flexible membership categories• Improved service and quality wine product additions• Establishment of the “50 Year Club”• First rock concert held
MaySaturday BBQ re-introduced for the winter months
Mother’s Day luncheon held
Changes made to kitchen rosters to reduce wage costs and maximise returns
Refurbishment of quartzite paths on 10th/11th, 14th & 15th/16th completed
Nursery redevelopment project commenced
JuneNursery development project finished
Upgrades to maintenance facility to meet compliance and legislative requirements
Anvers Wine Open Saturday competition introduced
St Michaels Golf Club added to reciprocal club list
JulyGlenelg joins the Pacific Links group of golf courses
Glenelg hosts Golf SA Pennant finals. Women’s Grade 1 take out title, Women’s Grade 2, Juniors and Bonnar Cup sides go down in tight matches
Carly Clough returns from maternity leave
Captain’s Lunch held, with Stuart Blackwell (St Hallet Wines) as guest speaker
Local Messenger advertising campaign underway
Revetting work on 12th, 7th and 16th greenside bunkers
AugustFoundation Golf Day held with special guest, Wayne Grady
Member Satisfaction Survey sent out to members
Rump & Red Night becomes The Grill Night.
Revetting work on 2nd greenside bunker and 14th greenside bunkers
Annual carp removal works completed successfully
Annual Report | Page 19
membership offerings. Utilisation of the local Messenger newspaper, bridal magazines and expos, and online marketing were just some of the methods used during the year.
Member activities continued during the year with a number of ‘firsts’ held. The 50-Year Club was launched with the inaugural luncheon gathering 30 or so members who have been at the Club for 50 or more years. The first Night Golf event was held in August attracting 72 players, whilst our first concert was held in December with the Brewster Brothers playing to more than 150 members and guests in the Club’s Dining Room. In April, a new Anzac Day tradition was started with the playing of the Last
Post by club employee, Josh Chenoweth – a poignant and moving reminder to those members who have served our country in the armed forces.
In August, we once again undertook an extensive member satisfaction survey with pleasing results. Overall satisfaction ratings continue to be high with the golf course rating highest at 8.71, an improvement over the 2012 ratings. The Pro Shop received an overall satisfaction rating of 8.43 whilst Food & Beverage rated 7.95.
Our reciprocal club list has been significantly bolstered during the year with some outstanding additions. Nationally, Woodlands (ranked 5 in Victoria) and St
Michael’s in Sydney add further quality and variety. Internationally, Cruden Bay in Scotland is universally known as one of the finest tests of links golf in the world.
The signing of the Pacific Links Group, which provides access to a further 40 premium golf club facilities in the Asian /Pacific regions and USA, has given members unprecedented access to choice when they travel abroad. This is one of the most significant announcements in the Club’s history and further emphasises the ‘one club........more golf’ value concept.
The signing of the Pacific Links Group, which provides access to a further 40 premium golf club facilities in the Asian /Pacific regions and USA, has given members unprecedented access to choice when they travel abroad.
‘one club........more golf’
Annual Report | Page 20
Whilst wedding numbers dropped significantly throughout 2013, bookings for 2014 (29 to date) suggest the Club’s direction to rectify ailing booking numbers has started to show results.
The first live concert was held at the Club in 2013, with the Brewster Brothers, renowned members of The Angels, rocking out to over 130 members and guests in our dining room.
Function numbers in 2013
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec TOTAL 2012
Weddings 2 2 1 2 1 1 0 0 0 4 5 0 18 28
Functions 3 3 2 6 12 5 7 7 20 11 7 19 102 92
Conferences 2 22 16 10 31 24 14 27 9 17 10 5 187 181
Golf Days 0 2 5 3 7 2 3 0 2 6 8 1 39 43
Our food and beverage operations performed well during 2013 posting a combined profit of $235,176, a 25% improvement on 2012. Much of the improvement was driven through improved bar sales whilst catering struggled to match the sales of previous years with a drop in wedding numbers and a slow start to the year in function and conference bookings.
The Club hosted 389 functions for the year, including weddings, conferences, functions, golf days, club functions and club golf days. This was 10 more than in 2012, however total revenue through functions was just over 8% lower than the previous year. This drop in revenue was mainly attributable to fewer wedding receptions, with only 18 held in 2013 compared with 28 in 2012. We currently have 29 weddings booked for 2014.
In total, just under 19,500 members and guests attended functions hosted by the Club in 2013, spending just over $900,000 and accounting for approximately 43% of combined bar and catering revenue.
Our Pinehill Bistro continues to grow more popular every week with Thursday and Friday nights consistently seeing covers over 50 or more. Our popular Thursday Rump & Red Night saw a change in focus during the year to become The Grill Night. Whilst the popular rump steak special remained, the change allowed our culinary team to have a greater focus on other cuts of meat which has been well received by diners. Friday night dinners
saw a resurgence during the year with the introduction of Curry Night through the winter months, followed by Fish ‘n’ Chip Night as the weather warmed up.
Lunch at Pinehill Bistro continues to be a popular choice for members and guests. Menus continue to be updated regularly offering a great variety of options. Non-function catering sales, consisting of our Pinehill Bistro, sandwich and snack bar sales, saw an increase of 15% to $514,611 for the year.
Sunday breakfast was introduced in October and has been a resounding success to date as numbers continue to build, with the introduction of Saturday breakfast expected to follow in 2014. Our bi-annual Captain’s Luncheons again proved popular with 90 attending the July event featuring Stuart Blackwell from St Hallett Wines, and 122 attending the December luncheon with Adelaide Football Club coach, Brenton Sanderson, and the eccentric Chester Osborn, of d’Arenberg Wines fame. The ever popular Winery Challenge in October saw changes in 2013 with only one event played. An adjusted golf component allowed for 150 participants both on and off the golf course, all of whom were entertained by former Adelaide Oval curator, Les Burdett.
During winter, the famous Glenelg Golf Club sausage sizzle returned to Saturdays, replacing the drinks cart for three months. The drinks cart continues to be used in the warmer months of the year and provides
welcome relief for those thirsty and hungry golfers during their rounds.
Our Clubhouse Operations Manager, Martin Ardill, continues to grow in the role he took over at the beginning of the year, as he slowly introduces changes to our food and beverage operations. Regular staff meetings were held, new uniforms introduced, the wine list updated to include a greater variety of options, and wine tasting evenings were held during the twilight season. A new “Chef’s Herb Garden” was established behind the clubhouse and will provide our culinary team with locally grown herbs for their menus and, in a first for the Club with the help of our partner Anvers Wines, the Glenelg Golf Club Plate was run at Morphettville Racecourse in October providing the Club with some excellent, free exposure.
Our culinary team, led by Head Chef, Matt Chapman, and Second Chef, Richard Narria, continue to ensure we offer consistent and affordable choices through our Pinehill Bistro and snack bar menus, and manage to deliver outstanding function cuisine that continues to impress our guests.
In her first full year in the role, Events Manager, Lynn Kschammer, has been the driving force behind the rebirth of our function business through her friendly and professional performance, whilst our Bar Manager, Phil Day, continues to offer able assistance to Martin and the rest of the food and beverage team.
Clubhouse Operations• 2014 wedding/function market improved• Increased popularity of theme food nights• Successful Captain’s lunches
Annual Report | Page 21
Some of the strategic goals set by the Committee of Management in the 2013-2017 Strategic Gameplan were to introduce more variety into our golf programs, promote and integrate shorter forms of competition, return the Club to being a force in pennant golf and conduct more coaching clinics for men, women and juniors.
Our Golf Operations team, led by Head Professional and Director of Golf Operations, Shane Robinson, worked diligently throughout the year to deliver on many these goals and objectives.
Early in the year, another 64 women participated in the Women’s Try Golf program. This program has been overwhelmingly successful with more than 30 new women joining the Club directly through this program in the last four years. Shane, and his team of coaches, including Head Teaching Professional, Gareth Jones, and teaching professional, Adrian Wickstein, deserve a huge amount of credit for the work done making this program the success it has been over the last two years. However, the program would not continue to be successful without the tireless work of Committee of Management member, Kay Nyland, who has taken on the role of champion of this program, and the assistance provided to her by the Women’s sub-committee.
The Women’s sub-committee continued to work progressively to introduce a number of new initiatives making it easier for female members to participate in events. New booking procedures were used for various events and a new event, the Women’s Open Championship, was introduced to be played in conjunction with the Men’s Club Championship in November. This event allowed those women studying or working to play in a championship style event on a weekend. Josie Hodge was the inaugural winner of this event, defeating her mother, Jill Hodge, in a tight 34-hole battle.
Coincidentally, it was Jill who took out the Women’s Club Championship played in June, her sixth title, against Elise Dignan. In other matches, Christine James defeated Jill Stone 4/2 in the 27 hole B Grade Championship,
Judy Clayton took out the C Grade Championship defeating Ann Colmer 3/1 and Arja Korhonen defeated Genny Amadio in the C Grade Plate final.
In the Men’s Club Championships played in November, Campbell Rawson took out his first AJ Roberts Championship Cup against David Hiern whilst Denis Prider claimed his first Men’s Senior Championship over six-time club champion, Chris Whitford. Rick Karolewicz defeated Ralph Faithfull in the B Grade Championship and committee member, Bevan Roberts, collected his first C Grade title against Steve Dean. In the Plate Championships, Brett Cefai defeated Henry Duregon in A Grade, Mark Footner claimed victory over Troy Perriam in B Grade whilst Wayne Sands overcame Anton Clovicko in C Grade.
Our Golf Operations team put forward a new blueprint for pennant golf in 2013 as we work towards becoming a force in pennant golf again. The blueprint included guidelines and expectations for players, managers and officials and set out the training schedule for the season, including a 2-day training camp held at Links Lady Bay. Players responded well to the new structure, with four out of the Club’s six pennant teams reaching the finals.
Glenelg played host to the Golf SA pennant finals in June, with our Women’s Grade 1 team and Junior pennant teams qualifying. Whilst our Juniors went down to Kooyonga in a closely fought match, it was our Women’s Grade 1 team who defended their title in overwhelming style against The Grange. Our Women’s Grade 2 and Bonnar Cup sides also reached their respective finals but failed to bring home the pennant. In the individual honours, Matt McGowan was the standout male player of the year whilst Jenny Lee took out the female pennant player of the year.
Participation rates remained high in 2013 with strong numbers in Saturday and Tuesday competitions, numbers sometimes exceeding 100 in Wednesday twilights and excellent involvement seen in our regular Pairs & Partners events. The Beach-Bay Trophy, played between Glenelg and 13th Beach, was held on the Adelaide Cup long weekend with
Annual Report | Page 22Annual Report | Page 22
Golf Operations• Women’s pennant success• More variety in golf programs and events (Tuohy Trophy and Night Golf)• Coaches embraced• Women’s Try Golf success• Women’s Open Championship success• Junior golf success – Junior Tiger program
Club ChampionsMen’s Club Champion Campbell Rawson
Women’s Club Champion Jill Hodge
Women’s Open Champion Josie Hodge
Senior Club Champion Denis Prider
Boys’ Club Champion Josh Hayes
Girls’ Club Champion Matilda Wheare
Men’s Foursomes Champions Andrew Grzybowski and Anthony Olsen
Women’s Foursomes Champions Jan Dale-Harris and Jill Hodge
Mixed Foursomes Champions Campbell Rawson and Elysia Yap
Glenelg successfully keeping the trophy at home, whilst we saw the Airport Challenge trophy between Glenelg and Kooyonga head north of the airport for the first time.
In keeping with promoting more family friendly activities, good entries were received for The Tuohy Trophy which, in its second year, was opened up to players from around the state. Geoff and Leigh Attenborough took out the trophy from Paul and Jack McGrath, with inaugural winners, Paul and Henry Duregon, coming third. Another 32 pairs entered the Men’s Club Foursomes events held in October, with 13 competing in the 36 hole Club Foursomes Championship won by Andrew Grzybowski and Anthony Olsen.
Glenelg played host to the Golf SA Classic and Rene Erichsen 72 hole amateur events again in April with feedback from players, officials and spectators further consolidating Glenelg’s reputation as one of the premier hosting championship golf courses in Australia.
In October, Golf SA and Golf Australia held a joint “Golf Week” promotion designed to get more players out onto the golf course. All clubs were invited to participate in the week-long promotion, with Glenelg holding a clinic and sausage sizzle for approximately 20 locals interested in trying out the game.
The Club continued to provide support to Golf SA throughout 2013 for state squad training, giving players valuable access to the Club’s outstanding practice facilities. This support, some commercial and some charitable, will be ongoing as we continue to provide the necessary support to ensure South Australia remains a leader in promoting the game of golf and its development.
Many of our members represented the state in various activities throughout the year. A full list of outstanding achievements has been listed at the front of the Annual Report, however, the standout performer again in 2013 was Jenny Lee. Runner-up
in the Australian Amateur Championship in January, she fell painstakingly short of her third State Junior Amateur Championship and was narrowly defeated in the Women’s State Amateur Championship final. Jenny continues to be an outstanding ambassador for Glenelg Golf Club and we are sure she will continue to improve over the coming years.
Our Junior Development Program was well supported in 2013 with the Junior Tigers Golf Program continuing to introduce new juniors to the game of golf. Clinics on Wednesday afternoons and Sunday mornings consistently attracted 20 or more “Junior Tigers” and we are sure to see an influx of junior members as these participants find themselves ready to join the Club. New pricing structures were introduced for families in line with the Club’s new family friendly strategic goals.
A successful trip to 13th Beach Golf Links for our junior pennant squad was held in the April school holidays with ten attending the trip, all players representing the Club in the best possible way. In what was a unique opportunity, all attendees roared with joy in the Tailem Bend BP roadhouse as Adam Scott rolled in his winning putt to take out the US Masters – an outstanding, team-bonding experience that will never be forgotten.
The Junior Golf sub-committee was reformed in 2013 with a greater focus on the coordination and supervision of junior events, overseeing and implementing fundraising activities and recommending junior membership and program initiatives. Thanks must go to our Golf Operations team who drive the Club’s junior development program, and those parents who volunteer their time to assist; among them being Brenton Kalz, Vicki Hynes, Fran Brown, Paul Kennewell, Jack Starkey, Jackie Hodgson, Byron Williams and Mark Roberts, and led tirelessly by Committee of Management member, Paul Duregon.
Annual Report | Page 23
2013 Sharp Cup (Junior Pennant) team
Annual Report | Page 24
1,410 Total member numbers 2013
18LARGEST DROPin handicap in 2013
JACK TANNER AGE
13
97OL
DEST
mem
ber
YOU
NG
EST
mem
ber9
TOTAL REVENUESby department
MEMBERSHIP47%
GOLF OPERATIONS10%
BAR18%
CATERING23%
OTHER3%
by the NUMBERS
2013
Annual Report | Page 25
1,985BOWLS OF HOT CHIPSpurchased in 2013
34,449total number ofCOMPETITIONrounds played 16
5 most roundsplayed incompetitionby a member
TOTAL EXPENSESby department
ADMINISTRATION18%
GOLF COURSE34%HOUSE
10%
BAR15%
CATERING23% BEER
34,318SCHOONERS12,075 PINTSBUTCHERS 2,644
851 JUGS16,411LITRESCONSUMED
19,4
84FUNCTIONguests attending18 WEDDINGS187 CONFERENCES102 FUNCTIONS39 GOLF DAYS43 CLUB EVENTS
Summary of Glenelg Golf Club Foundation Activities for 2013
JUNIOR DEVELOPMENT PROGRAM
INCOME
Donations: $1,850.00
Foundation Day: $18,635.00
Other Income: $3,810.00
EXPENDITURE
Junior Development: $14,434.00
Travel Expenses: $8,571.00
CURRENT BALANCE:
$34,770.00
Annual Report | Page 26
The Glenelg Golf Club Foundation remains a pivotal factor in the growth of our Junior Development Program. The majority of funding for the program comes from donations, fund raising activities and events associated with the Foundation.
In 2013, over $23,005 was spent on activities associated with the Junior Development Program. Activities included the partial funding of Junior Tigers Golf Program clinics, individual lessons and entry fees into junior events, assistance with travel and accommodation expenses and costs associated with the 13th Beach Junior Trip held in the April school holidays.
Our major fund raising activity, the Glenelg Golf Club Foundation Golf Day, was held in August with special guest, Wayne Grady. In total, $18,635 was raised on the day with all participants enjoying the hospitality of the Club
and the banter from Wayne Grady at the dinner. A special thanks must go to Troy Perriam and his company, One Solution Mobile & Data, for their major sponsorship of the day and to all other sponsors for their generous support.
A further $5,660 was raised through various other fundraising activities during the year, bringing the overall fundraising tally for the Foundation’s Development of Junior Golf project to $24,295.
The Glenelg Golf Club Heritage Fund continues to gain momentum with a closing balance of $22,804 reported as at 31st December 2013. This balance is directly attributable to donations received from Heritage Fund members and interest earned on the balance. A number of members have also joined the Heritage Fund as a result of their bequests. A full list of Heritage Fund members is shown on this page and we thank them for their kind generosity.
Foundation & Heritage Fund• Wayne Grady attendance• Heritage Fund gaining momentum• Fundraising success for junior golf
1927 Founders’ Society Sapphire MemberOWEN BURGAN (2012)
Heritage Society MembersNOEL TAPLIN (2012)
JOHN MADDERN AM (2013)
GEOFF GITSHAM (2013)
GLENELG GOLF LINKS SHAREHOLDERS (2013)
SeptemberFirst Night Golf event held
Inaugural 50-Year Club Luncheon held
New uniforms for F&B staff introduced
Course renovations carried out
Revetting works on 10th greenside bunker
New “Chef’s Herb Garden” created behind clubhouse
$750k Commercial Bill paid off
OctoberMen’s Club Foursomes Events held
Club Junior Championships held
Winery Challenge held, new format, with guest speaker, Les Burdett
Lynn Cotton replaces Jill Stone as Women’s President
Upgrade to 12th tee toilet facilities
Twilight Golf commences – slow numbers early due to weather
Curry Night replaced by Fish ‘n’ Chip Night for summer
Second local Messenger campaign run
Golf Week held (joint venture between Golf Australia and Golf SA)
Sunday Breakfasts commence
Paul Gander finishes after almost 20 years of service in the Pro Shop
NovemberMember Information Session held
Club Championships and inaugural Women’s Open Championship held
Club Championship & Trophy Presentation Dinner held
DecemberBrewster Brothers Concert held
Captain’s Lunch held with guest speakers, Brenton Sanderson and Chester Osborn
Christmas Ambrose held
Preparations underway for the introduction of the new Golf Australia Handicapping System in January 2014
10th green bunkering works being carried out
Opening Balance: $5,000.00
Donations: $16,730.00
Interest earned: $354.00
HERITAGE FUND BALANCE: $22,084.00 as at 31st December 2013
Heritage Fund Members Securing the Club for Members both now and in the future.
Summary of Heritage Fund activities for 2013
Annual Report | Page 27
No club can be successful without a great team of volunteers and staff.
Your Committee of Management has worked with diligence, passion and dedication over the last 12 months to provide members with a strong Club.
• Bevan Roberts (Chair of Finance & Strategic Planning) has been a great addition to our team with his business knowledge and wise counsel.
• Gavan Fox (Chair of Golf Course) has always provided innovative solutions and provided valuable assistance to Daryl on all course matters.
• Paul Duregon (Chair of Membership & Member Focus) has led this area with great passion and much has been introduced and enhanced under Paul’s leadership.
• Kay Nyland (Chair of Golf Operations) has excelled in this difficult area and overseen some fun initiatives like Night Golf and added some more variety into our golf program.
• Sam Koukourou, Brett Jarrad and Greg Rundle provided invaluable insights and their contributions are greatly appreciated.
Women’s Captain, Heather Waddy, and her Vice-Captain, Cathy Johnson, continued to lead a strong and active Women’s sub-committee during the year. Jill Stone completed her term as Women’s President with Lynne Cotton taking over at the women’s general meeting in October. Also joining the sub-committee was Liz Kelton as Vice-President, Louise Pike and Carmel Fairweather, replacing Barb Deed and Glenys Bartlett.
Once again, the Club could not operate effectively without the support and assistance received from a long list of sponsors and volunteers. It would not be possible to individually thank everyone for
their support, so I thank all who have, in some way, contributed their time, resources or services to the Club in 2013. There are too many to name, but they are too valuable to ignore.
Our course maintenance team, ably led by Daryl Sellar and Graham Stevens, have again done a superb job to present a course of which we can all be proud. The majority of members’ comments continue to be extremely encouraging. We have a course that we are proud to bring our friends and family to and that, I am sure, we all enjoy playing every day.
Our food and beverage team, headed by Martin Ardill, continue to impress members and guests with new initiatives, quality cuisine and the excellent level of service expected at our Club. Martin took over the role in January and was given the task of delivering a range of new initiatives to drive the Club’s food and beverage operations. Martin has worked admirably through a difficult year which saw function revenue drop markedly, however recent signs have been positive and, along with his team of Lynn Kschammer (Events Manager), Phil Day (Bar Manager) and our culinary team led by Matt Chapman (Head Chef) and Richard Narria (Second Chef), we look forward to bigger and better things in 2014.
Shane Robinson and his staff play a crucial role on the front-line, providing members and visiting golfers with the level of service commensurate with Glenelg’s status in the golfing community, and their efforts are much appreciated. Our world class coaching team, with State and National coach, Gareth Jones, and PGA professional, Adrian Wickstein, have provided valuable assistance and knowledge to many members who have taken the opportunity to learn from the best, whilst Matt Hickman and the casual staff always provide friendly and efficient service in the golf shop. Long
serving pro shop employee, Paul Gander, “retired” during the year after almost 20 years of service. Paul has been a very loyal team member; we wish him all the best in the future and look forward to seeing him at the Club socially.
As always, Kerry Crossman and Cathy Symons diligently carried out their administrative duties throughout the year. Our Finance & Administration Manager, Carly Clough, took time out through the first six months of the year with the birth of her third child, Katelyn, however she was very capably substituted by her sister, Hayley Rantanen, and our financial reports continue to be presented accurately and on time month after month. Anthony Olsen continues to grow in his very broad role as Membership and Marketing Manager, identifying new revenue streams through corporate partnerships and sponsorship, whilst still accurately and efficiently managing our lengthy membership list. His work in arranging and organising events such as the Captain’s Luncheons and the Brewster Brothers Concert, in particular, were exemplary and he has also filled in capably as Acting General Manager on numerous occasions during the year.
Lastly, of course, all of this would not be possible without a dedicated and capable leader in David Brand. David now presides over a strong departmental management team with an overarching goal of continuous improvement. David is passionate about all aspects of our great Club, which we know is in great hands with David at the helm.
Players in the game
Annual Report | Page 28
ObituaryWe acknowledge the following members who passed away during 2013:
• Peter Craigie
• John Croall
• Ray Godden
• Paul Kedgley
• Glen Lewis OAM
• Bill Lock
• Warwick Lumbers
• Ashley Richards
May they rest in peace.
We extend our deepest sympathy to relatives and friends.
In summary, 2013 has been a very good year.
A lot of our Gameplan objectives were either met or are in progress. We have significantly enhanced our member value with quality additions to our reciprocal club list and introduced some new fun and social initiatives that can be built on in the future.
In short, the future looks bright.
As we said last year, our Gameplan is set. It is ambitious and challenging, but certainly achievable.
We have some great COM and staff who are passionate about our great Club and wish to continue to improve the golf and social experience. They are an extremely capable and committed group and the Club is fortunate in having them directing the future of our Club.
Working together, we can be universally known as “The Friendly Fun Club”.
My tenure is now coming to a close and I pass the driver to Gavan Fox - another equally committed and passionate friend who will be a straight shooter and aim to be on the fairway.
Thank you to all the members and staff of the Club who have provided great support and camaraderie to me over my time as Captain. It has been an honour and a privilege to have been given the opportunity to serve you.
See you on the green.
The 19th
Tony Martin Captain
Annual Report | Page 29
GLENELG GOLF CLUB INCORPORATEDAND CONTROLLED ENTITY
STATEMENT OF COMPREHENSIVE INCOMEFOR THE YEAR ENDED 31 DECEMBER 2013
Note Consolidated Golf Club2013 2012 2013 2012
$ $ $ $NET INCOME
MembershipSubscriptions 1,833,332 1,832,739 1,833,332 1,832,739 Entrance Fees 243,360 226,713 243,360 226,713 Infrastructure Levy 291,248 299,145 291,248 299,145 Bag & Buggy Storage 52,204 47,263 52,204 47,263 Locker Fees 16,184 14,927 16,184 14,927
2,436,328 2,420,787 2,436,328 2,420,787 Golf OperationsCompetition Fees 68,247 66,562 68,247 66,562 Green Fees 367,543 384,658 367,543 384,658 Cart Hire 69,486 69,582 69,486 69,582 Range Income 35,034 38,655 35,034 38,655 Affiliation Fees 2,785 (107) 2,785 (107) Trophies (49,537) (43,620) (49,537) (43,620) Professional Retainer (115,008) (115,008) (115,008) (115,008) Depreciation (26,955) (25,225) (26,955) (25,225) Other Golf Operations Expenses (107,771) (119,247) (107,771) (119,247)
243,824 256,250 243,824 256,250 BarSales 916,112 867,332 916,112 867,332 Less Cost of Goods Sold (342,780) (336,410) (342,780) (336,410) Gross Profit 573,332 530,922 573,332 530,922 Less ExpenditureSalaries and Associated Costs (332,169) (368,209) (332,169) (368,209) Replacements and Repairs (3,470) (3,765) (3,470) (3,765) Other Expenses (36,177) (30,366) (36,177) (30,366) Depreciation (6,097) (6,904) (6,097) (6,904)
195,419 121,678 195,419 121,678 CateringSales 1,178,562 1,188,643 1,178,562 1,188,643 Less Cost of Goods Sold (452,470) (467,964) (452,470) (467,964) Gross Profit 726,092 720,679 726,092 720,679 Less ExpenditureSalaries and Associated Costs (589,978) (572,304) (589,978) (572,304) Laundry (23,654) (23,882) (23,654) (23,882) Replacements and Repairs (10,188) (8,384) (10,188) (8,384) Cleaning Materials (6,049) (6,756) (6,049) (6,756) Stationery and Advertising (7,004) (4,811) (7,004) (4,811) Other Expenses (38,042) (25,207) (38,042) (25,207) Depreciation (11,420) (13,004) (11,420) (13,004)
39,757 66,331 39,757 66,331 Other IncomeCatering Levy forfeited 60,118 55,822 60,118 55,822 Interest Received 14,252 19,006 14,252 19,006 Phone Tower 46,367 44,159 46,367 44,159 Miscellaneous 33,206 40,445 33,206 40,445
153,943 159,432 153,943 159,432
TOTAL NET INCOME 3,069,271 3,024,478 3,069,271 3,024,478
The accompanying notes form part of these accounts
Annual Report | Page 31
GLENELG GOLF CLUB INCORPORATEDAND CONTROLLED ENTITY
STATEMENT OF COMPREHENSIVE INCOMEFOR THE YEAR ENDED 31 DECEMBER 2013
Note Consolidated Golf Club2013 2012 2013 2012
$ $ $ $EXPENDITURE
Administration and Support ServicesSalaries and Associated Costs 404,646 402,253 404,646 402,253 Audit Fees 8,875 8,700 8,875 8,700 Advertising 58,490 27,463 58,490 27,463 Depreciation 19,816 21,328 19,816 21,328 Finance Costs 148,046 176,550 148,046 176,550 Bank Charges & Merchant Fees 60,448 56,473 60,448 56,473 Insurance 38,593 33,086 38,593 33,086 Postage, Printing and Stationery 27,621 26,649 27,621 26,649 Telephone 14,567 15,076 14,567 15,076 Council Rates 42,210 39,852 42,210 39,852 Legal and Consulting 2,300 1,686 2,300 1,686 Travel and Accommodation 4,434 - 4,434 - Computer Consumables and Maintenance 31,666 27,978 31,666 27,978 Other Administration Expenses 39,271 37,097 39,271 37,097
900,983 874,191 900,983 874,191 CourseSalaries and Associated Costs 821,390 841,279 821,390 841,279 Maintenance 179,402 148,687 179,402 148,687 Power 73,644 64,224 73,644 64,224 Enhancement 22,261 35,122 22,261 35,122 Irrigation 20,430 24,160 20,430 24,160 Landscape Maintenance 17,612 20,895 17,612 20,895 RIVAP 510 1,418 510 1,418 Machinery 70,917 68,221 70,917 68,221 ASR Expenses 22,590 17,426 22,590 17,426 Other Expenses 77,775 50,082 77,775 50,082 Depreciation 369,880 396,329 369,880 396,329
1,676,411 1,667,843 1,676,411 1,667,843 HouseLaundry 10,873 10,161 10,873 10,161 Repairs and Maintenance 48,305 42,796 48,305 42,796 Contract Cleaning 89,430 96,347 89,430 96,347 Light, Power and Water 104,024 106,821 104,024 106,821 Other House Expenses 33,110 26,533 33,110 26,533 Depreciation 200,300 203,193 200,300 203,193
486,042 485,851 486,042 485,851 Other Expenses(Profit)/Loss on Sale of Fixed Asset (14,010) (20,050) (14,010) (20,050) Impairment of Financial Asset 4a - - - -
(14,010) (20,050) (14,010) (20,050)
TOTAL EXPENDITURE 3,049,426 3,007,835 3,049,426 3,007,835
NET SURPLUS / (DEFICIT) 19,845 16,643 19,845 16,643
Other Comprehensive Income - - - -
TOTAL COMPREHENSIVE INCOME FOR YEAR 19,845 16,643 19,845 16,643
TOTAL COMPREHENSIVE INCOME 19,845 16,643 19,845 16,643 ATTRIBUTABLE TO EQUITY
The accompanying notes form part of these accounts
GLENELG GOLF CLUB INCORPORATEDAND CONTROLLED ENTITY
STATEMENT OF FINANCIAL POSITIONAS AT 31 DECEMBER 2013
Note Consolidated Golf Club2013 2012 2013 2012
$ $ $ $CURRENT ASSETS
Cash & Cash Equivalents 2 274,740 193,400 274,740 193,400 Trade & Other Receivables 3 161,060 129,356 161,060 129,356 Other Current Assets 87,693 90,473 87,693 90,473 Inventories 132,353 131,256 132,353 131,256 Total Current Assets 655,846 544,485 655,846 544,485
NON-CURRENT ASSETS
Financial Assets 4 16,500 16,500 625,933 625,933 Property, Plant and Equipment 5 7,084,585 7,480,749 6,455,884 6,852,048 Total Non-Current Assets 7,101,085 7,497,249 7,081,817 7,477,981
TOTAL ASSETS 7,756,931 8,041,734 7,737,663 8,022,466
CURRENT LIABILITIES
Trade & Other Payables 6 284,705 353,689 284,642 353,626 Short-Term Provisions 7a 163,687 149,217 163,687 149,217 Short-Term Borrowings 8a 900,433 1,282,565 900,433 1,282,565 Other Current Liabilities 10 534,905 411,416 534,905 411,416
Total Current Liabilities 1,883,730 2,196,887 1,883,667 2,196,824
NON-CURRENT LIABILITIES
Long-Term Provisions 7b 140,505 116,438 140,505 116,438 Long-Term Borrowings 8b 1,530,864 1,546,422 1,530,864 1,546,422
Total Non-Current Liabilities 1,671,369 1,662,860 1,671,369 1,662,860
TOTAL LIABILITIES 3,555,099 3,859,747 3,555,036 3,859,684
NET ASSETS 4,201,832 4,181,987 4,182,627 4,162,782
EQUITY
Retained Earnings 4,173,585 4,153,740 4,182,627 4,162,782 Outside Equity Interests in controlled entity 28,247 28,247 - -
TOTAL EQUITY 4,201,832 4,181,987 4,182,627 4,162,782
The accompanying notes form part of these accounts
GLENELG GOLF CLUB INCORPORATEDAND CONTROLLED ENTITY
STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2013
Retained Outside Equity TotalEarnings Interest
$ $ $Consolidated Entity
Balance at 1 January 2013 4,153,740 28,247 4,181,987 Profit attributable to members of controlling entity 19,845 - 19,845
Balance at 31 December 2013 4,173,585 28,247 4,201,832
Controlling Entity
Balance at 1 January 2013 4,162,782 - 4,162,782 Profit attributable to members of controlling entity 19,845 - 19,845
Balance at 31 December 2013 4,182,627 - 4,182,627
Year End 2012Consolidated Entity
Balance at 1 January 2012 4,137,097 28,247 4,165,344 Profit attributable to members of controlling entity 16,643 - 16,643
Balance at 31 December 2012 4,153,740 28,247 4,181,987
Year End 2012 Controlling Entity
Balance at 1 January 2012 4,146,139 - 4,146,139 Profit attributable to members ofcontrolling entity 16,643 - 16,643
Balance at 31 December 2012 4,162,782 - 4,162,782
The accompanying notes form part of these accounts
Annual Report | Page 33
GLENELG GOLF CLUB INCORPORATEDAND CONTROLLED ENTITY
STATEMENT OF CHANGES IN EQUITYFOR THE YEAR ENDED 31 DECEMBER 2013
Retained Outside Equity TotalEarnings Interest
$ $ $Consolidated Entity
Balance at 1 January 2013 4,153,740 28,247 4,181,987 Profit attributable to members of controlling entity 19,845 - 19,845
Balance at 31 December 2013 4,173,585 28,247 4,201,832
Controlling Entity
Balance at 1 January 2013 4,162,782 - 4,162,782 Profit attributable to members of controlling entity 19,845 - 19,845
Balance at 31 December 2013 4,182,627 - 4,182,627
Year End 2012Consolidated Entity
Balance at 1 January 2012 4,137,097 28,247 4,165,344 Profit attributable to members of controlling entity 16,643 - 16,643
Balance at 31 December 2012 4,153,740 28,247 4,181,987
Year End 2012 Controlling Entity
Balance at 1 January 2012 4,146,139 - 4,146,139 Profit attributable to members ofcontrolling entity 16,643 - 16,643
Balance at 31 December 2012 4,162,782 - 4,162,782
The accompanying notes form part of these accounts
GLENELG GOLF CLUB INCORPORATEDAND CONTROLLED ENTITY
STATEMENT OF CASH FLOWSFOR THE YEAR ENDED 31 DECEMBER 2013
Note Consolidated2013 2012 2013 2012
$ $ $ $CASH FLOWS FROM OPERATING ACTIVITIES
Bar and Catering Sales 2,094,674 2,055,975 2,094,674 2,055,975 Subscriptions and Entrance Fees 2,404,624 2,385,991 2,404,624 2,385,991 Green Fees and Competition Fees 540,310 559,457 540,310 559,457 Payments to Suppliers and Employees (4,342,173) (4,284,374) (4,342,173) (4,284,374) Interest Paid (148,046) (176,550) (148,046) (176,550) Donations, Fundraising and Other Sundry Receipts 153,943 159,432 153,943 159,432
NET CASH INFLOW FROM OPERATINGACTIVITIES 11 703,332 699,931 703,332 699,931
CASH FLOWS FROM INVESTINGACTIVITIES
Payments for Property, Plant and Equipment (245,391) (349,383) (245,391) (349,383) Proceeds from Sale of Property, Plant and Equipment 21,089 21,909 21,089 21,909 Conversion of cash deposit to equity in investment - - - -
NET CASH (OUTFLOW) FROMINVESTING ACTIVITIES (224,302) (327,474) (224,302) (327,474)
CASH FLOWS FROM FINANCINGACTIVITIES
Repayment of Borrowing (94,190) (121,638) (94,190) (121,638) Additional Lease Established 46,500 62,800 46,500 62,800 Repayment of Bank Loan (350,000) (300,000) (350,000) (300,000) Debentures Repaid - - - -
NET CASH PROVIDED INFLOW (OUTFLOW) FROM FINANCING ACTIVITIES (397,690) (358,838) (397,690) (358,838)
NET INCREASE / (DECREASE) IN CASH HELD 81,340 13,619 81,340 13,619
Cash at Beginning of Year 193,400 179,781 193,400 179,781
Cash at End of Year 2 274,740 193,400 274,740 193,400
The accompanying notes form part of these accounts
Golf Club
Annual Report | Page 35
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
The financial report is a general purpose financial report that has been prepared in accordance with AustralianAccounting Standards, Australian Accounting Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board and the requirements of the Associations Incorporations Act of South Australia.
The financial report covers the consolidated entity of Glenelg Golf Club Inc as the individual controlling entity andthe controlled entity, Glenelg Golf Links Limited.
The financial report of Glenelg Golf Club Inc and the controlled entity and Glenelg Golf Club Inc as an individualcontrolling entity comply with all Australian equivalents to International Financial Reporting Standards (IFRS) intheir entirety except where compliance is not mandatory for non-corporate entities.
The following is a summary of the material accounting policies adopted by the consolidated entity in preparation of thefinancial report. The accounting policies have been consistently applied unless otherwise stated.
The financial report has been prepared on an accrual basis and is based on historical costs and does not take intoaccount changing money values or, except where stated, current valuations of non-current assets. Cost is based onthe fair values of the consideration given in exchange for assets. Unless otherwise stated, the accounting policies adoptedare consistent with those of the previous year.
Certain new accounting standards and interpretations have been published that are not mandatory for 31 December 2013reporting periods. The consolidated entity's assessment is that there will be no impact from these new standards and interpretations.
a) Principles of Consolidation
The Club controls the share capital of Glenelg Golf Links Limited. The consolidated accounts incorporated the assetsand liabilities of Glenelg Golf Links Limited as at 31 December 2013 and the results of the Company for the periodthen ended. The effects of all transactions between the Club and the Company are eliminated in full. Outside equityinterests in the results and group equity are shown separately in the consolidated profit and loss account and balancesheet respectively.
The cost of acquiring shares in Glenelg Golf Links Limited have been accounted for as an interest in the land owned bythat company and reflected accordingly.
b) Financial Instruments
Financial instruments are initially measured at cost on trade date, which includes transaction costs, when the relatedcontractual rights or obligations exist. Subsequent to initial recognition these instruments are measured as setout below:
Available-for-sale financial assetsAvailable-for-sale financial assets include any financial assets that are not considered to be "loans andreceivables" or held for selling in the short term.Available-for-sale financial assets are reflected at fair value. Where fair value cannot be reliably estimated, theasset is stated at its initial cost. Unrealised gains and losses arising from changes in fair value are taken directlyto equity.
Financial LiabilitiesNon-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal paymentsand amortisation.
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
c) Property, Plant and Equipment
Each class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation andimpairment losses.
Property
Freehold land is shown at cost. Building is shown at cost less any accumulated depreciation and impairment losses.
Plant and Equipment
The depreciable amount of all fixed assets including building, but excluding freehold land, is depreciated on a straightline basis over their useful lives to the consolidated entity commencing from the time the asset is held ready for use.The depreciation rates for each class of depreciable assets are based on the following estimated useful lives, expressed in years:
Category Useful Lives
Administration furniture and fittings 5-11Bar plant and equipment 8-11Catering plant and equipment 7-11Clubhouse building 40-50Clubhouse other 7-11Course buildings 4-25House plant and equipment 8-11Motor vehicles 4-5Office equipment 5-7.5Office equipment 5-7.5Course plant and equipment 4-11Entrance road 15
d) Impairment of Assets
At each reporting date, the Committee of Management reviews the carrying values of its assets to determine whether there isany indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, beingthe higher of the asset's fair value less costs to sell and value in use, is compared to the asset's carrying value. Any excess of the asset's carrying value over its recoverable amount is expensed to the income statement.
Where it is not possible to determine the recoverable amount of an individual asset, the Committee of Management estimatesthe recoverable amount of the cash-generating unit to which the asset belongs.
Annual Report | Page 37
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
e) Employee Benefits
Provision is made for the association's liability for employee benefits arising from services rendered by employees tobalance date. Employee entitlements expected to be settled within one year together with entitlements arising fromwages and salaries, annual leave and long service leave which will be settled after one year, have been measured at their nominal amount. Other employee entitlements payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those entitlements.
f) Subscription Income
Members subscriptions are included as income in the year the invoice is raised. Subscription year is from April of the currentyear to March of the following year. Any subscription fees invoiced for the quarter of January to March of the following yearis recognised as income of the current year. This has been treated consistently from year to year.
g) Income Tax
The Club is exempt from Income Tax in accordance with Section 50-5 of the Income Tax Assessment Act, 1997.
h) Inventories
Inventories are measured at the lower of cost and net realisable value.
i) Course Redevelopment Expenditure
Expenditure incurred on redevelopment of the course is charged to operating profit as incurred.
j) Construction - Work In Progress
Construction work in progress is stated at the aggregate of contract costs incurred to date.
k) Cash and cash equivalents
Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investmentswith original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowingsin current liabilities on the balance sheet.
l) Comparative Figures
When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentationfor the current financial year.
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
Note Consolidated Golf Club2013 2012 2013 2012
$ $ $ $
NOTE 2 - CASH & CASH EQUIVALENTS
Cash at Bank 238,456 181,389 238,456 181,389 Cash on Hand 14,200 12,011 14,200 12,011 Heritage Fund - Bank Account 22,084 - 22,084 -
274,740 193,400 274,740 193,400
The effective interest rate on short-term bank deposits was 7.26% (2012: 7.76%); these deposits have an average maturity of 20 days.
Reconciliation of Cash
Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the balance sheet as follows:
Cash & Cash Equivalents 274,740 193,400 274,740 193,400
NOTE 3 - TRADE & OTHER RECEIVABLES
Subscription Debtors 41,786 20,405 41,786 20,405 Sundry Debtors 57,034 48,858 57,034 48,858 GST Input Tax Credits 62,240 60,093 62,240 60,093
161,060 129,356 161,060 129,356
NOTE 4 - FINANCIAL ASSETS
Available for sale financial assets comprise of:
Shares - Glenelg Golf Links Ltd - - 608,328 608,328 Premium Income Fund 16,500 16,500 16,500 16,500 Provision for Impairment - Premium Income Fund - - - - Loan - Glenelg Golf Links Ltd - - 1,105 1,105 Total Financial Assets 16,500 16,500 625,933 625,933
(a) The Club has an investment in the following:250,000 units in the Premium Income Fund, which is a managed investment scheme managed by Wellington Capital; and250,000 shares in Asset Resolution Limited.
Whilst the Premium Income Fund is listed, the shares in ARL are not, so an exact carrying value is not available, so there has been no adjustment for impairment ($150,000 in 2009, $83,500 in 2010, nil in 2011, nil in 2012).
Annual Report | Page 39
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
Note Consolidated Golf Club2013 2012 2013 2012
$ $ $ $
NOTE 5 - PROPERTY, PLANT AND EQUIPMENT
Freehold land 628,704 628,704 - -
Clubhouse 6,017,068 6,017,068 6,017,068 6,017,068Less Accumulated Depreciation (1,404,458) (1,237,318) (1,404,458) (1,237,318)
4,612,610 4,779,750 4,612,610 4,779,750
Clubhouse Plant and Equipment 363,757 303,767 363,757 303,767Less Accumulated Depreciation (278,797) (245,680) (278,797) (245,680)
84,960 58,087 84,960 58,087
Course Buildings 366,919 330,818 366,919 330,818Less Accumulated Depreciation (194,816) (162,896) (194,816) (162,896)
172,103 167,922 172,103 167,922
Administration Plant and Equipment 279,151 260,560 279,151 260,560Less Accumulated Depreciation (249,260) (229,444) (249,260) (229,444)
29,891 31,116 29,891 31,116
Bar Plant and Equipment 149,742 143,982 149,742 143,982Less Accumulated Depreciation (130,292) (124,193) (130,292) (124,193)
19,450 19,789 19,450 19,789
Catering Plant and Equipment 272,669 249,982 272,669 249,982Less Accumulated Depreciation (225,261) (213,839) (225,261) (213,839)
47,408 36,143 47,408 36,143
Motor Vehicles 131,033 136,805 131,033 136,805 Less Accumulated Depreciation (55,689) (77,294) (55,689) (77,294)
75,344 59,511 75,344 59,511
Course Plant and Equipment 4,254,961 4,235,196 4,241,748 4,221,983 Less Accumulated Depreciation (2,915,016) (2,633,663) (2,901,800) (2,620,447)
1,339,945 1,601,533 1,339,948 1,601,536
Entrance Road 273,697 273,697 273,697 273,697 Less Accumulated Depreciation (215,313) (198,928) (215,313) (198,928)
58,384 74,769 58,384 74,769
Capital Improvements 1,163 1,163 1,163 1,163 Less Accumulated Depreciation (881) (839) (881) (839)
282 324 282 324
Range Assets 35,821 35,821 35,821 35,821 Less Accumulated Depreciation (20,317) (12,720) (20,317) (12,720)
15,504 23,101 15,504 23,101
TOTAL PROPERTY, PLANT AND EQUIPMENT 7,084,585 7,480,749 6,455,884 6,852,048
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 5 - PROPERTY, PLANT AND EQUIPMENT (CONT.)
b) Movement in Carrying amountMovement in the carrying amounts for each class of property, plant and equipment between the beginning and the end ofthe current financial year.
Golf Club
Carrying amounts at 1 January 2013 Additions Disposals Depreciation
Write Back of Accumulated Depreciation
Carrying amount at 31
December 2013
Clubhouse 4,779,750 - - (167,140) - 4,612,610 Clubhouse Plant & Equipment 58,087 59,990 - (33,117) - 84,960 Course Buildings 167,922 36,102 - (31,921) - 172,103 Administration Plant & Equipment 31,116 18,592 - (19,817) - 29,891 Bar & Plant Equipment 19,789 5,760 - (6,099) - 19,450 Catering Plant & Equipment 36,143 22,687 - (11,422) - 47,408 Motor Vehicles 59,511 42,273 (48,045) (19,361) 40,966 75,344 Course Plant & Equipment 1,601,536 59,987 (40,223) (321,575) 40,223 1,339,948 Entrance Road 74,769 - - (16,385) - 58,384 Range Assets 23,101 - - (7,597) - 15,504 Capital Improvements 324 - - (42) - 282
6,852,048 245,391 (88,268) (634,476) 81,189 6,455,884
Consolidated Entity
Carrying amounts at 1 January 2013 Additions Disposals Depreciation
Write Back of Accumulated Depreciation
Carrying amount at 31
December 2013
Freehold Land 628,704 - - - - 628,704 Clubhouse 4,779,750 - - (167,140) - 4,612,610 Clubhouse Plant & Equipment 58,087 59,990 - (33,117) - 84,960 Course Buildings 167,922 36,102 - (31,921) - 172,103 Administration Plant & Equipment 31,116 18,592 - (19,817) - 29,891 Bar & Plant Equipment 19,789 5,760 - (6,099) - 19,450 Catering Plant & Equipment 36,143 22,687 - (11,422) - 47,408 Motor Vehicles 59,511 42,273 (48,045) (19,361) 40,966 75,344 Course Plant & Equipment 1,601,533 59,987 (40,223) (321,575) 40,223 1,339,945 Entrance Road 74,769 - - (16,385) - 58,384 Range Assets 23,101 - - (7,597) - 15,504 Capital Improvements 324 - - (42) - 282
7,480,749 245,391 (88,268) (634,476) 81,189 7,084,585
c) Impairment Losses
Total impairment loss recognised in the income statement during the year is nil.
Annual Report | Page 41
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
Consolidated Golf Club 2013 2012 2013 2012
$ $ $ $NOTE 6 - TRADE & OTHER PAYABLES
Trade Creditors 200,552 270,623 200,552 270,623 Other Creditors 84,153 83,066 84,090 83,003
284,705 353,689 284,642 353,626
NOTE 7 - PROVISIONS
(a) SHORT-TERM PROVISIONS
Annual LeaveOpening Balance 149,217 154,808 149,217 154,808 Additional Provisions Raised 69,016 124,087 69,016 124,087 Amounts Used (54,546) (129,678) (54,546) (129,678)
163,687 149,217 163,687 149,217
(b) LONG-TERM PROVISIONS
Long Service LeaveOpening Balance 116,438 113,724 116,438 113,724 Additional Provisions Raised 30,855 26,369 30,855 26,369 Amounts Used (6,788) (23,655) (6,788) (23,655)
140,505 116,438 140,505 116,438
NOTE 8 - BORROWINGS
(a) SHORT-TERM BORROWINGS
Bank Loan 850,000 1,200,000 850,000 1,200,000 Hire Purchase 50,433 82,565 50,433 82,565
900,433 1,282,565 900,433 1,282,565
(b) LONG-TERM BORROWINGS
Bank loan 1,500,000 1,500,000 1,500,000 1,500,000 Hire Purchase 29,864 45,422 29,864 45,422 Debentures 1,000 1,000 1,000 1,000
1,530,864 1,546,422 1,530,864 1,546,422
The Club has a loan facility of $2,750,000 which is secured by registered mortgages over land owned by Glenelg Golf Links Limited. At 31 December 2013, $2,350,000 of the Club's facility was utilised ($2,700,000 in 2012).
$1,200,000 of the loan facilities is offset for interest purposes by the balance held in the Club's transaction account. This means theinterest on the $1,200,000 is only payable once the balance on hand falls below $1,200,000.
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
Consolidated2013 2012 2013 2012
$ $ $ $NOTE 9 - CAPITAL & LEASING COMMITMENTS
Hire Purchase Lease CommitmentsPayable - minimum lease payments
not later than 12 months 57,072 93,910 57,072 93,910 between 12 months & 5 years 33,488 52,544 33,488 52,544 greater than 5 years - - - -
Minimum Lease Payments 90,560 146,454 90,560 146,454
Less Future Finance Charges (10,263) (18,467) (10,263) (18,467) Present Value of Minimum Lease Payments 80,297 127,987 80,297 127,987
Operating Lease Commitment - Toro EquipmentPayable - minimum lease payments
not later than 12 months 33,285 16,573 33,285 16,573 between 12 months & 5 years 100,427 40,051 100,427 40,051
Minimum Lease Payments 133,712 56,624 133,712 56,624
NOTE 10 - OTHER CURRENT LIABILITIES
Catering Deposits 66,700 25,800 66,700 25,800 Green Fee Deposits 16,492 18,500 16,492 18,500 Catering levy unabsorbed 203,265 149,423 203,265 149,423 Wallet account 26,759 23,872 26,759 23,872 Trophy account 27,087 32,108 27,087 32,108 PAYG Tax 33,169 32,894 33,169 32,894 Sundry - - - - GST Payable 103,144 89,951 103,144 89,951 Foundation 36,205 33,868 36,205 33,868 Heritage Fund 22,084 5,000 22,084 5,000
534,905 411,416 534,905 411,416
NOTE 11 - RECONCILIATION OF CASH FLOW FROM OPERATIONS WITH PROFIT FROM OPERATING ACTIVITIES
PROFIT FROM ORDINARY ACTIVITIES 19,845 16,643 19,845 16,643
Non cash flows in profit from ordinary activitiesDepreciation 634,476 665,976 634,476 665,976 Impairment of Financial Asset - - - - Provision for Employee Benefits 38,537 (2,877) 38,537 (2,877) (Profit)/Loss on Sale of Non Current Assets (14,010) (20,050) (14,010) (20,050)
Changes in Assets and Liabilities(Increase)/Decrease in Debtors (31,704) (34,796) (31,704) (34,796) Movement in Loans to Glenelg Golf Links - - - - Increase/(Decrease) in Trade Creditors and Accrued Expenses 54,505 123,599 54,505 123,599 (Increase)/Decrease in Prepayments 2,780 (25,041) 2,780 (25,041) (Increase)/Decrease in Stock (1,097) (23,523) (1,097) (23,523)
NET CASH INFLOW FROM OPERATING ACTIVITIES 703,332 699,931 703,332 699,931
Golf Club
Annual Report | Page 43
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 12 - FINANCIAL INSTRUMENTS
(a) Interest Rate Risk
The Club's exposure to interest rate risk, which is the risk that a financial instrument's value will fluctuate as a result of changesin market interest rates and the effective weighted average on those financial assets and liabilities, is as follows:
2013 2012 2013 2012 2013 2012 2013 2012% % $ $ $ $ $ $
Financial AssetsCash at Bank 7.26 7.76 238,456 181,389 - - - -Cash on Deposit - -
238,456 181,389 - - - -
Financial LiabilitiesBorrowings 4.45 6.14 - - 900,433 1,282,565 1,530,864 1,546,422
- - 900,433 1,282,565 1,530,864 1,546,422
While it is noted that some of the Club's debt has become payable within the next 12 months, it is intended that a portion of this debt facility will be finalised in 2014.
(b) Credit Risk
The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognisedfinancial assets is the carrying amount, net of any provisions for doubtful debts, as disclosed in the Balance Sheet and notes to thefinancial statements.
(c) Net Fair Values
The aggregate net fair values and carrying amounts of financial assets and financial liabilities are not materially differentfrom those disclosed in the Balance Sheet and in the notes to and forming part of the accounts.
(d) The Club has performed a sensitivity analysis relating to its exposure to interest rate risk at balance date. The sensitivityanalysis demonstrates the effect on the current year results and equity which could result from a change in these risks.
At 31 December 2013, the effect on profit and equity as a result of changes in the interest rate, with all other variablesremaining constant would be as follows:
2013 2012 2013 2012$ $ $ $
Change in ProfitIncrease in the interest rate by 2% (48,626)$ (56,580)$ (48,626)$ (56,580)$ Decrease in the interest rate by 2% 48,626$ 56,580$ 48,626$ 56,580$
Change in EquityIncrease in the interest rate by 2% (48,626)$ (56,580)$ (48,626)$ (56,580)$ Decrease in the interest rate by 2% 48,626$ 56,580$ 48,626$ 56,580$
NOTE 13 - AUDITOR'S REMUNERATION
Remuneration of the auditor of the parent entity for:
Auditing & Reviewing the financial report 8,875 8,700 8,875 8,700 8,875 8,700 8,875 8,700
FloatingInterest
Rate
Weighted AverageEffective Interest
Rate Within 1 Year 1 to 5 Years
Fixed InterestRate Maturing
Consolidated Golf Club
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 14 - RELATED PARTIES
(a) The Club paid rent of $0 to Glenelg Golf Links Limited in which it has a majority shareholding, for use of the Golf Course(2012 - $0).
(b) The names of the persons who were officers of Glenelg Golf Club Incorporated at any time during the year ended31 December 2013 are as follows:
Anthony J. Martin (Captain)Gavan M. Fox (Vice Captain)Paul DuregonBrett D. Jarrad Re-elected March 2013Sam KoukourouKay NylandGerard P. O'Brien Resigned March 2013Bevan Roberts Re-elected March 2013Greg C. Rundle Appointed April 2013
During the year the following related party transactions occurred:
1 Paul Duregon's company received payments under normal commercial conditions for maintenance works performedby PASA Building sub-contractors.
NOTE 15 - CONTINGENT LIABILITIES
The Club's objection to the land tax assessment for 2012/13 was upheld and therefore no expense or accrual has been recognised in relation to 2013/14 land tax. The Club understands that Revenue SA intends to review the eligibility for an exemption from land tax at the end of each financial year.
NOTE 16 - AFTER BALANCE DATE EVENTS
No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affectthe operations of the entity, the results of those operations, or the state of affairs of the entity in future financial years.
NOTE 17 - ASSOCIATION DETAILS
The principal place of business of the association is 20-118 James Melrose Road, Novar Gardens.
Annual Report | Page 45
GLENELG GOLF CLUB INCORPORATED
NOTES TO AND FORMING PART OF THE ACCOUNTSFOR THE YEAR ENDED 31 DECEMBER 2013
NOTE 18 - CAPITAL EXPENDITURE COMMITMENTS$
Capital expenditure commitments contracted for:
Plant & Equipment Purchases - Capital Expenditure Projects -
-
Payable:not later than 12 months - between 12 months and five years - greater than 5 years -
-
The committee members control the capital of the Club in order to maintain a good debt-to-equity ratio and to ensure that theClub can fund its operations to continue as a going concern.
The Club's debt and capital includes financial liablities, supported by financial assets.
There are no externally imposed capital requirements.
The committee members effectively manage the Club's capital by assessing the Club's financial risks and adjusting its capital structurein response to changes in these risks and in the market. The responses include the management of debt levels.
There have been no changes in the strategy adopted by management to control the capital of the Club since the prior year. Thisstrategy is to ensure that there is sufficient cash to meet trade and sundry payables and borrowings.
2013 2012
NOTE 19 - CONTROLLED ENTITIESCountry of
IncorporationParent Entity
Glenelg Golf Club Inc AustraliaSubsidiary
Glenelg Golf Links Ltd Australia 62 62
*percentage of voting power in proportion to ownership
Percentage owned (%)*
GLENELG GOLF CLUB INCORPORATED
STATEMENT BY COMMITTEE
In the opinion of the Committee of Management of Glenelg Golf Club Incorporated:
(a) The attached consolidated statements of Glenelg Golf Club Incorporated, comprising the balance sheet, income statement, statement of changes in equity, statement of cash flows and notes to the financial statements for the year ended 31 December 2013 are, in our opinion, properly drawn up so as to give a true and fair view of the state of affairs of the Club and the consolidated entity as at 31 December 2013, and of their results for the year then ended.
(b) At the date of this statement there are reasonable grounds to believe that the Club will be able to pay its debts as and when they fall due.
The accounts have been made out in accordance with applicable Accounting Standards.
In accordance with section 35(5) of the Associations Incorporations Act, 1985, the Committee of Glenelg Golf Club Incorporated hereby states that during the financial year ended 31 December 2013:
1. Paul Duregon's company received payments under normal commercial conditions for maintenance works performed by PASA Buildingsub-contractors.
This report is made in accordance with a resolution of the Committee of Management and signed by two Members of the Committee.
Dated this 28th day of January, 2014.
TONY MARTIN GAVAN FOX Captain Vice Captain
James Melrose Road NOVAR GARDENS SA 5040
Phone: (08) 8295 3793 Fax: (08) 8294 8894