.

Incorporated as Charlestown Bowling Club Limited

ANNUAL REPORT 2018 - 2019

1

OFFICE BEARERS 2018-2019

CHAIRMAN

J. Davis

DIRECTORS

M. Rigby

C. Huth

J. Garry

G. Adams

I. Percival

G. Fielding

AUDITORS SECRETARY MANAGER

DFK Crosbie Michael Gray LIFE MEMBERS CHARLESTOWN BOWLING CLUB Since the formation of Charlestown Bowling Club 71 years ago a number of members through their devotion and distinguished service to their Club, have been elected to the coveted office of Life members. *J. Paterson *J. Norris *A. G. Avery *C. Booth *J. T. Joyce *N. Oswald *S. Hayes *D. B. Bailey *L. Searle *D. Campbell *J. Newton *B. Owen K. McCabe *S. Fraser Snr *R. T. Hoy P. Harrold *C. A. Clarke R. T. Owens W. P. Fogarty J. Hugo I. Gardner B. Carling J. Clement

*Deceased

LIFE MEMBERS CHARLESTOWN WOMEN’S BOWLING CLUB

M. Norris* L. Higgins S. Johnson* R. Ravell* E. Owen O. Browne* R. Oaten*

J. Parkinson J. Booth* D. Waller B. Reynolds B. Garnham E. Hoy M. Keating

M. Green * Deceased

2

CHARLESTOWN BOWLING CLUB LIMITED

CHAIRMAN’S FOREWORD 2018-2019

On behalf of the Board of Directors, I am pleased to present my report for 2019. It has been another successful year for the Club. We have continued to upgrade and improve our facilities for our members and guests. Further improvements on the drawing board will continue with our future vision for the Club. Our Bowlers:

We are extremely proud of all our bowlers who participated this year in this great game we play! Thank you to everyone who participated and it has certainly been another great year of bowling.

• Our talented women bowlers were successful in winning another flag to add to their

achievements and congratulations to all for another competitive year and

outstanding bowling.

• Our men also certainly put in a great effort this year with all teams very competitive

during the season with vast improvements seen under the guidance of Daniel Hill,

our Bowls Co-ordinator.

For further information please refer to our Bowls Co-ordinator’s report.

Our Club:

This year we continued with improvements in line with our future vision. Innovations were trialed and implemented and they have proved successful. Michael Gray (our Chief Executive Officer) together with the Board continued to review the Club’s operations, focusing on listening to our members to improve facilities.

This year saw some more quality upgrades and improvements including:

• Numerous internal and maintenance changes such as the purchase of additional poker

machine entitlements.

• Technology upgrades including a major security upgrade to enhance security for staff

and patrons.

• Upgrades to entertainment and bingo facilities.

• Improvements and increase in both raffles and member giveaways.

• Introduction of the Inflatables on the Green, school holiday entertainment which has

proved very successful.

• Works currently being undertaken to provide all members easy access from the car

park, with larger self-opening doors and ramps being installed

• A new outdoor entertainment area is planned for later in the year and we are currently awaiting final approval before work can commence.

Our Board remains committed and focused on making decisions that keep this Club viable. We will continue to promote the interest of all members both social and bowling. We will also continue to support for our community and to also be an employer of choice for our staff.

The Club’s vision is to ensure that our club becomes the bowls Club of choice for our area. We welcome new ideas from everyone at any time!

3

Our People

We are lucky to have such amazing employees at Club Charlestown. Under the great leadership of Michael Gray and his dedicated staff, the club continues its smooth-running and continues to provide great services for our members and guests. We thank you all for working so hard to make our members and guests feel welcome, safe and ensuring that they enjoy themselves.

Our kitchen this year has increased their staff and under the proficient management of Greg Hawke, they have capably serviced our members and guests. They work tirelessly to ensure our patrons have a comfortable and enjoyable dining experience. Big congratulations also go to Greg and Duncan for their outstanding efforts in the NSW Clubs Chef Table awards held in Sydney each year. You both did an amazing job in representing our Club, preparing and plating such amazing dishes from a mystery box of ingredients this year. You are to be congratulated on your outstanding achievement. We are all very proud of both of you!

Congratulations also to Sarah and her functions team. We have seen a huge increase in our function facilities and options with great feedback received from patrons.

Our Bowls Co-ordinator Daniel Hill has provided great leadership and guidance to our bowlers again this year. We appreciate your support of our bowlers and look forward to another great year on the green.

Greg Geise and his crew have again excellently maintained our greens and Club surrounds. We thank you for your outstanding work which is appreciated by all.

Again, we have seen many members and patrons freely provide valuable support and we thank our substantial volunteer workforce who provided their time for the benefit of our Club. The Board certainly appreciates your support and you are to be congratulated on your amazing efforts, thank you all!

Valued bowlers and your guests, thank you again for your continuing support and your assistance in supporting our Club’s direction. You are the heart of our Club and we look forward to enjoying bowls and great times with you, our friends.

Sympathy:

On behalf of the Board of Directors, I extend our sympathy to the family and friends of our members who passed away in the last twelve months. To those who are currently ill, we wish you a speedy recovery and good health.

Moving forward:

Unfortunately, I will be unable to attend the Annual General Meeting this year due to family commitments. I wish to extend my best wishes to all nominees standing in the upcoming election for Board positions.

I am very confident that this Club is moving in a great direction and will continue to strive forward in the future. I am really looking forward to the new additions coming soon and sharing good times in the outdoor area with you all.

Finally, A BIG THANKYOU to all our members, friends and your families, the Board is very grateful for your continuing support this year and we wish you all good health, happiness and good luck always. Best wishes to all.

Jeff Davis Chairman

4

CHARLESTOWN BOWLING CLUB LIMITED

DIRECTOR OF FINANCE’S REPORT ON THE 2018-2019 FINANCIAL YEAR

As Director of Finance, I am pleased to provide this report for the year ended 30th June 2019.

In summary:

Profit 2018 2019

Operating profit $ 691,363 $ 898,815 (Before provisions and depreciation). Provisions and Depreciation $ 1,088,149 $ 1,113,366 Net profit (loss) $ (396,786) $ (214,551)

As a not for profit entity, it is the operating cash profit that reflects the trading performance of the Club. An operating cash profit of $898,815 was recorded for the year ended June 2019. This represents an improvement of $207,452 on the previous year.

Net Assets 2018 2019

The Club remains in a strong financial $ 17,371,819 $ 17,157,268 position with net assets of over $17m.

Total Income $ 7,077,131 $ 7,966,321

Liquidity Quick Ratio

This measures the short-term liquidity of the Club. A positive ratio indicates the Club has the capacity to meet its immediate debts. 2018 2019

Current Assets and Investments $ 1,534,011 $ 1,682,890 Current Liabilities $ 881,717 $ 869,457

Ratio 1.7 1.9

Summary of Statement of Cash Flows 2018 2019

Net cash flows from operating activities $ 631,859 $ 875,074 Cash flows from investing activities $ (622,121) $ (802,867) Cash flows from financing activities $ (2534) $ (10,205) Net Increase in Cash Held $ 7,204 $ 62,002

As with all not for profit entities, profits are re-invested back in the form of capital expenditure including upgrading and improving building and grounds, and upgrading gaming amenities.

Investments 2018 2019

Term deposits > 3 months $ 1,017,179 $ 1,106,305

Summary

The Club is in a sound financial position and remains debt free. Net assets total over $17m and all capital expenditure throughout the year has been met from trading profits and investment reserves. Key revenue areas of bar, bistro, functions and gaming have all yielded positive

5

outcomes during the year. The Board remains mindful of the need to identify and implement new revenue streams to ensure the Club’s ongoing financial viability. The support and assistance throughout the year of Michael Gray (CEO), Jeff Davis (Chairperson) and all Board members is acknowledged and appreciated. George Adams Director Finance

6

CHARLESTOWN BOWLING CLUB LIMITED CHIEF EXECUTIVE OFFICER’S REPORT

Another year has quickly come and gone and the club has had another strong result. Our key revenue areas of Bar, Bistro and Gaming have all experienced continued growth which is shown in the summary below. 2017-18 2018-19 $ +/- % +/-

Bar Sales 1,883,282 2,014,351 131,609 7.00%

Bistro Sales 1,790,909 2,037,196 246,287 13.75%

Memberships 7,214 7,400 186 2.54%

PM revenue 2,741,930 3,170,508 428,578 15.63%

Total Revenue 7,077,131 7,966,321 889,190 12.56%

These revenue increases are above the industry averages and enable us to continue to invest back into the Club to maintain a modern and appealing venue for our members and guests. Our bar and bistro sales hit the $2 million mark for the first time which is a great effort for a club of our size. Last financial year has seen the following improvements to our Club:

1. Upgrade of the function room lights and audio system. 2. New website and launch of the Club Charlestown brand. 3. 6 additional poker machine licences. 4. Additional heaters in the outdoor gaming room.

Management and the Board have also looked at how we can diversify the business. Feasibility and concept plans were undertaken to build an 80-room hotel on site. Costings for this project were greater than expected and more work needs to be undertaken to make this project viable.

The second area of development looked at was the turning of the Club’s driveway into an additional outdoor area comprising of a playground, café, bar, additional toilets and covered sitting. This project has been approved by the Board and a development application (DA) has been lodged with Lake Macquarie City Council. It is hoped that this DA will be approved in the near future with work commencing in November 2019.

The Club is very fortunate to have great people working here. To all our managers, supervisors and staff, I thank you for your continued hard work. The Club has grown in the last few years and we now have 64 full-time, part-time and casual staff working for the Club.

To Jeff Davis and his Board of Directors, I thank them for their continued support and guidance. They work tirelessly in the best interests of the Club whilst being a sounding board for our members.

Finally, to all our members and visitors, thank you for coming to the Club and being a part of our growth. Our members define the Club, they create the culture and atmosphere which makes the Club a great place to attend.

Regards

Michael Gray Chief Executive Officer

7

CONTENTS

Directors’ Report 8 Auditor’s Independence Declaration 11 Audit Report to Members 12-13 Directors’ Declaration 14 Statement of Financial Position 15 Statement of Profit or Loss and Other Comprehensive Income 16 Statement of Cashflows 17 Statement of Changes in Equity 18 Notes to the Financial Statements 19-24

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

CHARLESTOWN BOWLING CLUB LIMITED

AGM Report – Bowls Co-Ordinator

It is with pleasure I present my 2018-19 lawn bowls report. What a year it has been on the green

with our club proving to be a force to be reckoned with in many different events.

Thank you to all players who made themselves available during the pennant season. Our men

enjoyed some successes with the Mid-Week 1 grade making the Semi Finals and the Saturday 2

grade being the runner-up in the race to the flag. Our Women once again proved they are the

team to beat in the Lake Macquarie region with our 1 grade team winning the District and Region

flags and running 3rd in the State Finals. The Women’s 3 grade also performed well being the

runner-up at district level. Well done to all involved during the pennant season in all capacities.

You have all done yourselves and the club proud.

The Tigers also flexed their muscles in district events with Daniel Hill, David Collins, Scott

Thoroughgood and Warren Shipley winning the District 4’s. That quartet will play the state fours

at the end of September. Good Luck guys. Our Women also performed well with Lyn Genders

and Kay Shuttlewood winning the district and regional senior pairs, Kathryn Clerke, Raweang

Namutwong and Gayle Gannon winning the district and regional triples and Karleen Gemmell,

Robin Gardner, Helen Sanderson and Laurel Faint winning the district and regional senior 4’s.

These 3 teams competed in the state finals in early September and although no titles were won

the ladies gave a very good account of themselves and should be very proud of the way they

played. Well done to all involved.

Congratulations to all the members who were selected to represent the Club in all the various

representative sides for Zone 2, the NSW Bowling Arm and the NSW State sides.

I would like to take this opportunity to thank the many wonderful members who have lent their

assistance to the club to help with all the events that we stage. The support from our members is

incredible and without the help of all volunteers throughout the year we would not be able to put

on events with success like we do.

To our games committee of Daryl McKinnon, Joe Clement, Phil Garry, Fred Verschoor, Milton

Rigby, Jim Cowan and John Sanderson, thanks for all your efforts over the past 12 months.

Thank you also to all of our umpires who give up their time to help officiate events throughout the

year including pennants, club games and tournaments.

In closing I would also like to thank Chairman Jeff, CEO Michael and the Board of Directors for

their continued support of Lawn Bowls and making our club the envy of others and our fantastic

group of staff that go out of their way to make all our bowling members and visitors feel more

than welcome whenever they are in the club.

Bowls Co-Ordinator

Daniel Hill

29

CHARLESTOWN MEN’S BOWLING CLUB ACHIEVEMENTS

District Achievements 2018

District Senior Pairs

Winners – W. Marsh, R. Atkins

District President Pairs

R/up – I. Percival, S. Fogarty

District Senior Singles

R/up – W. Marsh

District Triples

Winners – C. Willingham, D. King, D. Hill

NDBA Senior Bowler of the Year

W. Marsh

Club Championships Results Men’s 2018

Major Singles W. Marsh

Major Pairs C. Willingham, S Laguzza

Major Triples C. Willingham, D. King, D. Hill

Major Fours I. Percival, C. Burns, S. Fogarty, F. Verschoor

Minor Singles P. Lyford

Consistency Singles P. Lyford

Minor Pairs W. Fullick, G. Wallis

Major/Minor Pairs P. Delforce, S. Fogarty

Minor Fours N. Singleton, D. Hardy, W. Carney, P. Lyford

Most Improved Men’s Bowler P. Lyford

Mixed Pairs K. Clerke, P. Gray

Bowlers of the Year C. Willingham

30

CHARLESTOWN WOMEN’S BOWLING CLUB ACHIEVEMENTS

District Achievements 2018

District and Region Open Pairs Winners R. Namutwong and G. Gannon

District Open Pairs R/Up – K. Clerke, V. Fullick

District Senior Fours Winners – L. Genders, V. Fullick, P. White,

H. Wuro

District & Region Triples Winners – L. Bickford, F. Wells, G. Gannon

District Senior Pairs R/Up – J. Turner, J. McCabe

Club Championship Results Ladies 2018

Major Singles G. Gannon

Championship Pairs K. Clerke, G. Gannon

Championship Triples J. Gray, R. Namutwong, K. Clerke

Championship Fours M. Hollis, J. Turner, R. Namutwong, H. Wuro

Minor singles K. Gemmell

Olive Brown Consistency G. Baker

Most Improved Ladies Bowler G. Baker

Bowler of the Year G. Gannon

31

During the last financial year Club Charlestown supported the following Charities and Community Groups

First Chance Delando

Hunter Breast Cancer Foundation Youth of the Streets

Charlestown Caring Group Little Wings

Westpac Rescue Helicopter Cancer Council

Motor Neurone Disease Association NSW Charlestown Junior FC

Disabled Surfers Cardiff Hawks Senior AFLC Cardiff Hawks Junior AFLC Special Olympics Charlestown Men’s Bowling Club Newcastle Zone Cricket

Charlestown Women’s Bowling Club Red Cross

Mark Hughes Foundation Charlestown South Public School

Novatones Charlestown Cricket Club

Lake Macquarie Branch Liberal Party Dudley Redhead FC

Rotaract Hunter Hunter View Club

SurGICure Charlestown Rotary Club

Vision Impaired Bowlers Charlestown Lions Club

Newcastle Roller Derby Hunter Sports High

Valentine FC Charlestown Legacy Ladies

The Colosseum Valentine Men’s Probus Club

Pat Conroy MP Newcastle Backgammon Club

Justice of the Peace Charlestown Delta Therapy Dogs

Charlestown Bowling Club Craft Ladies All Ability Sports Coaching

A Growing Understanding Speech Pathology Lake Macquarie Zone Little Athletics

International Women’s Day Probus Club of Merewether

DFK Crosbie CBC Flying Bowlers

Newcastle District Bowls Association Mercedes Benz Classic Car Club

Hunter Animal Rescue Charlestown Childcare Centre

Newcastle Rugby Union Referees Association John Hunter Hospital Children’s Hospital

Stars of Newcastle Animal Justice Party

Headstart Charlestown Men’s Probus

32

Obituaries During the past year the Club has suffered the loss of several of its Members. On behalf of the Chairman, Board and Members we extend sincere condolences to their families and friends Peter Woodcock Leslie Ell Peter Toneguzzi David Davidge Ruth Roberts Debbie McRae Helen Gustard Darrell Blair Jillian Miles Leo Tallas

Christine Shaw Christopher Fischer Alister Fyfe Barry Robinson William Adams Jake Nicholas-Hansen Albert Smith Rosina Riley Kevin Leech Mervyn Larden

Charlestown Bowling Club Limited 5 Lincoln Street, CHARLESTOWN NSW 2290 Phone: 4943 3766 ABN: 38 609 055 115 ACN: 101 425 307 www.clubcharlestown.com.au