MERIMBULA-IMLAY BOWLING CLUB LTD

MERIMBULA-IMLAY BOWLING CLUB LTD · ABN 89 001 064 008

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BOARD OF DIRECTORS 2019/20

(from left): Top Left Corner: Greg Halloran Back Row: Damien Foley (CEO), Bill Dejong, Ian Martin (Treasurer), Ricky Holt,

Front Row: Felicity White, Peter Moore (Chairman), Christine Keens (Deputy Chair)


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CHAIRMAN’S REPORT

It is with pleasure that I present my report for the 2019-2020 year. The year turned out to be something of two halves, the first six months was business as usual with our planning and budgets running to schedule. Unfortunately we are still feeling the effects of the second half which was dominated by devastating drought, bushfires and COVID–19. Our Club and local community have been adversely affected with recovery predicted to take quite some time. Our main focus over the past year was again to consolidate and move forward our plans to diversify our income streams. The effort has been somewhat overshadowed by the events of second half of the year and circumstances led to the Board putting some planned projects on hold and adopting a wait and see approach. Our overall focus remains to ensure the sustainability of our club including diversification of our business and revenue streams through the use of our land assets. Plans for these projects will be moved forward and hopefully accelerated following COVID–19 recovery. When considering the exceptionally difficult trading climate, your Club again performed reasonably well. On behalf of the Board, I would like to congratulate and thank our CEO, Damien Foley, Operations Manager, Lerrel McDonald and all of their dedicated staff for their efforts throughout the year. Their commitment has been exceptional, especially during the bushfires in which our Club served as an evacuation centre for two weeks. Mention must also be made of the very efficient and ongoing management by the team in order to keep our doors open during the current pandemic. The entire team have continued to operate at a very high level which has benefited the membership and the community overall. Our bowling sections saw a much curtailed programme with only few of the planned representative games played or completed. As with our management team, the Board congratulates our Bowls Development Officer, Michael Wilks for the way our bowling rinks were kept active with innovative programmes introduced to replace tournaments and events which had to be either cancelled or restricted. Congratulations go to all of our bowlers who were successful in individual and team events at all levels. Thanks also to the management committees of the bowls sections for their hard work and commitment to their sport, especially during a very trying second half of the year. On behalf of the Board I wish to extend condolences to those members who have lost loved ones during the past year. In closing I would like to thank my fellow Board Members for their dedicated work and support throughout the year, the management team also for their support and a big thank you to all of our members who continue to support this great club. P.J. Moore Chairman 30th September, 2020


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TREASURER’S REPORT

It is with pleasure that I submit my report on the financial performance of your Club for 2019-2020. The full audited financial statements are contained within the pages of this Annual Report.

We all know that it was a tumultuous year where your Club had the privilege to serve the community as evacuation centre during the bushfires. Before the Club could recover financially from the bushfires, we were given orders to shut down on 23 March 2020 due to COVID-19. The Club opened again, with restrictions to the number of patrons allowed on 1st June 2020. The Club is still not trading at full capacity or normal trading hours, with no members’ draw, raffles, bingo, courtesy bus, childminding or the very popular bowling activities and live entertainment. It is thus understandable that the results for the period show less profitable results than the 2019/20 trading, recording a loss of $128,163 after tax. The Club participated in the JobKeeper scheme with 75 employees qualifying for JobKeeper. The Board acknowledge the assistance of the Federal Government with JobKeeper and the Cashflow Boost as well as State Government’s 25% discount on payroll tax.

I would like to highlight the following major points from this year’s financial statements: • Operating Loss for 2019/20 was $111,421 before tax (previous year profit $219 before tax) • Operating Loss for 2019/20 was $128,163 after tax (previous year profit of $34,137) • Operating Loss includes $1,406,298 depreciation (previous year $1,403,432) • EBITDA for 2019/20 was $1,294,875 or 11.95% (previous year $1,403,652 or 11.32%) • Net Assets, as per the Balance Sheet, at 30 June 2020 was $15,842,259

(previous year $15,970,421).

During the year, the Club continued to be a major employer in the Bega Valley Shire and paid $4,816,058 in employee related expenses. The Club also provided $108,126 in donations (cash in kind included) to the local community.

In closing I would like to thank the management team and staff for their dedication and diligence and also for their support throughout the year. Thank you also to our members for your support and understanding through the bushfire crisis and COVID-19 pandemic. I. Martin Treasurer 30th September, 2020

2015/16 Operating Profit (Loss) $342,614 Depreciation $1,156,077 2015/16 EBITDA $1,498,691 2016/17 Operating Profit (Loss) ($13,834) Depreciation $1,069,786 2016/17 EBITDA $1,055,952 2017/18 Operating Profit (Loss) $264,630 Depreciation $1,406,764 2017/18 EBITDA $1,671,394 2018/19 Operating Profit (Loss) $219 Depreciation $1,403,431 2018/19 EBITDA $1,403,650 2019/20 Operating Profit (Loss) ($111,421) Depreciation $1,406,296 2019/20 EBITDA $1,294,875 *(Earnings Before Interest Paid, Tax, Depreciation and Amortisation)


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DIRECTORS’ REPORT

1. Your Directors present their report on the Company for the financial year ended 30th June 2020. 2. The names of the Directors in office at any time during or since the end of the year are:

William Anthony DEJONG Gregory Thomas HALLORAN Ricky John HOLT Christine KEENS Peter James MOORE Ian MARTIN Felicity Ann WHITE

Directors have been in office since the start of the financial year to the date of this report, unless otherwise stated.

3. Principal Activities: The principal activities of the Company during the financial year consisted

of the operation and promotion of a licensed club for members of the Company. There were no significant changes to the nature of the activities during the year.

4. Short Term Objectives: To provide high standard hospitality and sporting facilities for members and visitors whilst maintaining a reputation for being the employer of choice in the local hospitality industry.

5. Long Term Objectives Strategies and Reviews: The Club’s vision is to be recognised as the leading provider of leisure, entertainment and community services on the Sapphire Coast. Strategies to achieve this vision:

• Improve the services, facilities and environment so that we are the Club of choice; • Promote a culture that embraces change, innovation, excellence and modern practices; • Continue to provide events which are well run and are an enjoyable experience for all; • Continue to foster strong relationships with all stakeholders to strengthen their support for the Club; • Maintain a reputation for providing a modern, friendly and safe experience; • Foster a “customer first” culture amongst all our staff through the provision of outstanding customer service; • Diversify our revenue base to reduce our reliance on gaming.

Principal Activities linked to objectives: The Principal Activities provided the funding to support the primary objective. Measurement of Performance: The Company monitors and measures its performance against several key performance indicators including: • Gross revenues; • Gross profit margins; • Wages as a percentage of revenue;


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DIRECTORS’ REPORT (continued)

• Total costs; • Net operating profit; • EBITDA; • Capital expenditure to EBITDA; • Current ratio; • Membership trends.

6. Review of Operations for the Year: The Company suffered significant business interruption

during the year due to the summer bushfires where the Club served as an evacuation centre from 31 December 2019 to 8 January 2020 and additionally due to the COVID-19 government imposed closure of the Club from 23 March 2020 to 31 May 2020. These events had a major negative effect on trade. As a result of these events the following occurred: • Total revenue from trading, excluding COVID-19 government subsidies and bushfire related

insurance recoveries, was more than $3mill less than the previous year. • An operating loss of $128,163.39 after tax was recorded.

7. Significant Changes in State of Affairs: The following significant changes in the state of affairs of the Company occurred during the financial year: • Bushfires in the region during December 2019 and January 2020 significantly disrupted the

Club’s operations during the peak holiday season. The Club served as an emergency evacuation centre and was closed for 9 days resulting in significant decreases in operating revenue.

• Due to COVID-19 the Club was closed from 23 March and reopened under stringent health and social distancing related restrictions on 1 June 2020. Although State and Federal Government assisted with various grants, subsidies and JobKeeper payments, the disruption and impact of the forced closure on the Club was significant.

• The loss of tourism activities within the region, largely due to the closure of the Victorian/NSW Border, remains a major ongoing challenge for the Club.

8. Events Subsequent to the End of the Reporting Period: Due to the ongoing decline in trade

relating to the government imposed COVID-19 restrictions, the Club has reduced the size of operation including closing Rockpool Café and the TAB Sports Bar and ceased some services (e.g. childminding, courtesy bus and bingo) and a number of regular activities (e.g. raffles, badge draws and live entertainment). The operating hours of the venue have also been reduced. It is hoped these changes will be temporary, however, at this stage the date of resumption is unknown.

9. Likely Developments and Expected Results of Operations: Government imposed restrictions that significantly affect the Club’s trading – social distancing, restricted numbers, 4m²/person rule, record keeping of all entering and leaving the premises, COVID Marshalls, additional cleaning, etc. are expected to continue to impact the Club throughout 2020/21.

The ongoing closure of the Victorian/NSW border will continue to negatively impact the Club’s financial performance as will the reduction in Jobkeeper payments and other government subsidies that were vital to the Club and its employees in recent months.


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10. Operating Results: The net loss for the year amounted to $111,421.39 before tax.

11. Information on Directors: The particulars of the qualifications (i), experience (ii), and special

responsibilities (iii) of each Director are as follows:

William Anthony DEJONG: (i) Bachelor of Arts (Economics) University of Melbourne. Australian Public Service

Manager in the fields of employment, industrial relations, international labour affairs and regional development.

(ii) Community work in Merimbula, includes Rotary, Imlay House Nursing Home Board, Red Cross Emergency Services and Twyford Hall Committee. Bowling member since 2008 includes service as social bowls duty officer and serving on Men’s Bowls Committee.

(iii) Board member since August 2017. Currently Chair of Planning Committee, member of Finance Audit and Risk Committee.

Gregory Thomas HALLORAN:

(i) Owner/Director Pambula Beach Trail Pty Ltd, Pambula Boarding Kennels, Outasight Storage for 43 years.

(ii) Elected to the Board in November 2015. Currently member of Finance Audit and Risk Committee, Building and Maintenance Committee and Constitutional Review & Members Disciplinary Committee.

Ricky John HOLT:

(i) Owner/Director Jerbam Holdings Pty Ltd Plumbing Business since 1986. Director Rainbows and Roses Foundation-Helping Children with CF & Autism since 2013. Recipient of B.V.S.C. Community Service Award 2011, Bega Valley Citizen of the year 2017 and Government of N.S.W. Community Service Award 2014.

(ii) Life member of Pambula Panthers AFL, South Coast Master’s AFL and North Albury Hoppers Cricket Club.

(iii) Elected to the Board in November 2015. Currently member of Planning Committee, Building and Maintenance Committee and Australian Bowling Championships Committee.

Christine KEENS:

(i) Honours Degree in Law (LLB Hons) University of London. Over 25 years’ experience in legal areas of the Australian Public Service including as Director of Legal Services in Government Organisations.

(ii) Bowling member of Club Sapphire since 2009. Experience as member of Selection Committee, Secretary and Vice President of MIWBC and Vice President of Bega Imlay District Women’s Bowling Association.

(iii) Elected to Board in November 2015. Currently Deputy Chair of Board, Chair of Constitution Review & Members Disciplinary Committee, member of Planning Committee, Planning Sub Committee – Strategic Planning, Australian Bowling Championships Committee and Executive, Board Performance, Education and Succession Committee.


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Ian MARTIN:

(i) Leased public aquatic centre in Sydney for 28 years. Liaised with council on future and present budgets and financial planning.

(ii) Life member of Ku-ring-gai Swimming Club, former head swimming coach and management committee member for 21 years. Past President of Men’s Bowls Club.

(iii) Elected to the Board in November 2012. Current Treasurer, Chairman of Finance, Audit & Risk Committee, Member of Planning Committee, Building & Maintenance Committee and Executive, Board Performance, Education and Succession Committee.

Peter James MOORE:

(i) Retired licensed builder, Building Clerk of Works, Works Manager for Commonwealth War Graves Commission.

(ii) Member of MIMBC Social Committee and Publicity Officer (2009/10). Secretary/Treasurer of MIMBC Management Committee (2011/12). Member of Rotary Club of Pambula since 2011.

(iii) Elected to the Board in November 2012. Currently Chairman of the Board and member of the Executive, Board Performance, Education and Succession Committee.

Felicity Ann WHITE: (i) Retired Nurse, Health Educator and Community Service Director. Previously Senior

Health Educator at Sydney’s Ryde Hunters Hill Hospital, Executive Director – Belconnen Community Service (Canberra) and Counsellor/Manager of Canberra Bushfire Recovery Service.

(ii) Member of MIWBC Management Committee and Match Committee and 4 years as President of MIWBC.

(iii) Elected to the Board in November 2018. Currently Member of the Strategic Planning and Constitution Review and Member Disciplinary Committees.

Meetings of Directors: The number of meetings of Directors (including sub-committees) held during the financial year and the meetings attended by each Director were: Director

Board Meetings: Number attended

Number eligible to attend

Committee Meetings: Number attended

Dejong, W.A. Halloran, G.T.

14 12

15 15

15 17

Holt, R.J. 11 15 9 Keens, C. 15 15 14 Martin, I. 15 15 20 Moore, P.J. 14 15 21 White, F.A. 13 15 6


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(i) Auditor’s Independence Declaration: The Auditor’s Independence Declaration for the year ended 30th June 2020 has been received.

(ii) Members Details and Guarantee: The Company is Limited by Guarantee. If the

Company wound up, its Articles of Association state that each member is required to contribute a maximum of $2.00 towards meeting any outstanding obligations of the Company. As at 30th June 2020, the number of members was 7,690.

Signed in accordance with a resolution of the Board of Directors.

P.J. Moore Chairman 30th September, 2020


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DECLARATION OF DIRECTORS

The Directors of the Company declare that:

1. The financial statements and notes for the year ended 30th June, 2020, are in accordance with the Corporations Act 2001 and:

(a) comply with Australian Accounting Standards - Reduced Disclosure Requirements;

and (b) give a true and fair view of the financial position of the Company as at 30 June, 2020,

and its performance for the year ended on that date.

2. In the Directors’ opinion there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of the Board of Directors.

P.J. Moore Chairman 30th September, 2020


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CHIEF EXECUTIVE OFFICER’S REPORT

It’s my pleasure to provide this report to members on behalf of the management team of Club Sapphire. The 2019/20 year was a year like no other with a number of great challenges faced by the Club. During the year the Club produced EBITDA of almost $1.3mill, down from the previous year of $1.4mill. To put this in perspective, in the eight years since MIBC Ltd de-amalgamated from Tura Beach Country Club annual EBITDA has ranged from a high of $1.67mill to a low of $1.05mill (average of $1.4mill) therefore the financial result for 2019/20, given the bushfires and COVID-19 interruptions, was very good in the circumstances. However, it must be noted this result would not have been possible without insurance recoveries of $350,000 and government reimbursements of $127,640 relating to the evacuation centre and business interruption from the bushfires. Additionally, government subsidies related to COVID-19, most particularly JobKeeper payments of $784,500 were also vital. The operating result for the year was a loss of $111,421 (before tax) down from a profit of $219 in the previous year. As referred to above, your Club stood up when it mattered the most and offered its unconditional services to the community as the main evacuation centre in Merimbula during the January 2020 bushfires. The Club was closed for approximately 9 days whilst more than 1200 evacuees and volunteers sheltered, slept and ate in the Club at peak times during this period. The community spirit displayed by the Club, its staff, volunteers, and the many community groups that came together to assist during this horrific time was inspirational and something this Club can be very proud of. Unfortunately, the major downturn in trade in the weeks leading up to, during, and in the months following the bushfires, had a major impact on the Club’s annual financial performance. As we were just starting to see some positive signs in March, along came COVID-19 and the Club was again closed, this time by government direction, from 23 March 2020 to 30 May 2020. Recovery of the Club’s business following our re-opening on 1 June 2020 has been difficult. At the time of writing this report, our revenues were still 30% less than the comparable period from the previous year. However, indicators are looking more positive with less COVID-19 positive cases being reported in Victoria and therefore good prospects of a reopening of the border before Christmas. Despite all of the challenges, at the end of the 19/20 year the Club still had cash assets of $1.7mill and is still in a very sound financial position. Throughout the year a large amount of work continued on our longer term plans for a 40-unit residential development at 95/97 Main St and the potential 4.5 star 100 room hotel on the Clubhouse site. After bushfire and COVID-19 related delays, the Club’s consultants are now expected to lodge a Development Application for the residential development and a Conceptual Development Application and Planning Proposal for the hotel by the end of 2020. Thanks and congratulations go to staff members who clocked up permanent long service milestones this year, Wayne Ayton (25 Years), Simone Bennett (20 years) and Steve Merrills (20 years), well done all. Thank you also to all of the Club’s wonderful team of staff, headed by Operations Manager Lerrel McDonald, for your continued dedication and loyalty and particularly for your patience and understanding through a most difficult year. Club Sapphire is very fortunate to have a professional and caring team of individuals committed to great customer service. Thank you one and all for your continued contribution to the success of the Club.


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CHIEF EXECUTIVE OFFICER’S REPORT (continued)

Thank you to the Board for your vision and continued support and encouragement of the management team throughout the year. My sincere thanks to members for your ongoing support of Club Sapphire. The significant support of members from when we re-opened in June has been heartwarming and greatly appreciated. Your patronage is vital to the success of the Club and your loyalty essential. Thank you one and all. D.C. Foley Chief Executive Officer 30th September 2020


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INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF MERIMBULA-IMLAY BOWLING CLUB LIMITED

Report on the Audit of the Financial Report: Opinion We have audited the financial report of Merimbula-Imlay Bowling Club Limited (the Company), which comprises the statement of financial position as at 30 June 2020, the statement of profit or loss, statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the directors’ declaration. In our opinion, the accompanying financial report of Merimbula-Imlay Bowling Limited is in accordance with the Corporations Act 2001, including:

(i) giving a true and fair view of the Company’s financial position as at 30 June 2020 and of its financial performance for the year then ended; and

(ii) complying with Australian Accounting Standards – Reduced Disclosure Requirements and the Corporations Regulations 2001.

Basis for opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for Audit of the Financial Report section of our report. We are independent of the Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110: Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of Merimbula-Imlay Bowling Club Limited, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. However, our statutory audit does not cover all details of dissection of financial data. Emphasis of Matter The restrictions relating to the COVID-19 virus since 23 March 2020 have had a significant effect on the Company’s operations. The financial effect of these continuing disruptions to operations has resulted in significant declines in operating revenue after 23 March 2020. The financial report has been prepared on the basis that the Company is a going concern, however, due to the uncertainty of the effects of the ongoing COVID-19 virus disruptions, the future financial viability of the Company may be significantly affected. Information Other than the Financial Report and Auditor’s Report Thereon The directors are responsible for the other information. The other information comprises the information included in the Company’s financial report for the year ended 30 June 2020, but does not include the financial report and our auditor’s report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.


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INDEPENDENT AUDITOR’S REPORT (continued)

Responsibilities of the Directors for the Financial Report The directors of the Company are responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards – Reduced Disclosure Requirements and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial report, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

• Conclude on the appropriateness of the directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial report, including the

disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.


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INDEPENDENT AUDITOR’S REPORT (continued)

We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Richard C. Parbery F.C.P.A. Registered Company Auditor (1864) 101 Main Street Merimbula NSW 2548 30th September, 2020


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AUDITOR’S INDEPENDENCE DECLARATION

Under Section 307C of the Corporations ACT 2001 to the Directors of Merimbula-Imlay Bowling Club Limited. I declare, that to the best of my knowledge and belief, during the year ended 30th June, 2020, there have been:

(i) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

(ii) no contraventions of any applicable code of professional conduct in relation to the audit.

Richard C. Parbery F.C.P.A Registered Company Auditor (1864) 101 Main Street Merimbula NSW 2548 30th September, 2020


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STATEMENT OF PROFIT OR LOSS AND OTHER

COMPREHENSIVE INCOME For the year ended 30th June 2020

2018/19 2019/20 $ $

12,403,970 Revenue (Note 1g) 10,836,312 (2,099,746) Cost of Sales (1,509,648) (5,103,672) Employee Expenses (4,816,057) (1,403,431) Depreciation and Amortisation Expenses (1,406,296)

(581,971) Repairs and Maintenance (520,700) (106,532) Advertising (103,331) (244,399) Insurances (274,455)

(88,557) Council Rates and Land Taxes (91,443) (268,504) Electricity and Gas (198,031)

(13,652) Printing Postage and Stationery (10,927) (1,131,300) Poker Machine Tax (848,927)

(113,614) Bowls Expenses (61,315) (1,248,373) Other Operating Expenses (1,106,603)

219 Profit (Loss) before income tax (111,421)

33,918 Income Tax Expense (Note 21 & Note 22) (16,742)

34,137 Profit (Loss) for the year (128,163)

0 Other Comprehensive Income 0

34,137 Profit (Loss) attributable to Members of the Company (128,163)

STATEMENT OF CHANGES IN EQUITY For the year ended 30th June, 2020

2018/19 2019/20 $ $

15,936,285 Total equity at the beginning of the financial year 15,970,422 34,137 Operating Profit (Loss) (128,163)

15,970,422 Total equity at the end of the financial year 15,842,259


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STATEMENT OF FINANCIAL POSITION As at 30th June, 2020

2018/19 2019/20 $ CURRENT ASSETS: $

2,098,626 Cash Assets (Note 3) 1,749,334 63,254 Receivables (Note 3a) 462,458

142,379 Inventories (Note 4) 121,999 1,096,702 Other (Note 5) 1,690,760

155,276 Deferred Tax Asset (Note 21) 138,534 4,501 Income Tax Receivable (Note 20) 1,282

3,560,738 Total Current Assets: 4,164,367

NON - CURRENT ASSETS:

14,528,990 Property Plant and Equipment (Note 6) 13,977,614 14,528,990 Total Non-Current Assets 13,977,614

18,089,728 Total Assets 18,141,981

CURRENT LIABILITIES:

901,734 Payables (Note 7) 768,184 919,682 Provisions (Note 8) 984,516 195,437 Other (Note 9) 434,600

- Provision for Tax (Note 20) - 2,016,853 Total Current Liabilities 2,187,300

NON-CURRENT LIABILITIES:

7,400 Security Deposits 7,400 95,054 Provisions (Note 8) 105,022

102,454 Total Non-Current Liabilities 112,422 2,119,307 Total Liabilities 2,299,722

15,970,421 Net Assets 15,842,259

MEMBERS’ EQUITY:

15,970,421 Retained Profits 15,842,259 15,970,421 15,842,259


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2018/19 $

12,217,776 (11,084,522)

28,631 84,593

STATEMENTS OF CASH FLOWS For the year ended 30th June 2020

CASH FLOW FROM OPERATING ACTIVITIES:

Receipts from Customers Payments to Suppliers and Employees Interest Received Members’ Subscriptions Received

2019/20 $

10,345,788 (9,336,384)

15,846 13,388

(8,303) Income Tax Expenses 3,219 1,238,175 Net Cash Provided by Operating Activities (Note 16b) 1,041,857

CASH FLOW FROM INVESTING ACTIVITIES:

100,706 Proceeds from Sale of Property Plant and Equipment 129,225 (1,209,418) Payment for Property Plant and Equipment (1,520,375) (1,108,712) Net Cash used in Investing Activities (1,391,150)

16,364 Proceeds from Borrowings 0

(5000) Repayment / Payment of Security Deposit 0 11,364 Net Cash used in Borrowing Activities 0

140,827 Net Increase (Decrease) in Cash Held (349,293)

1,957,800 Cash at beginning of Financial Year 2,098,627 2,098,627 Cash at End of Financial Year (Note 16a) 1,749,334

NOTES TO AND FORMING PART OF THE ACCOUNTS

For the year ended 30th June, 2020 NOTE 1 Basis of Preparation: The Merimbula-Imlay Bowling Club Ltd applies Australian Accounting Standards – Reduced Disclosure Requirements as set in AASB 1053: Application of Tiers of Australian Accounting Standards. The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards – Reduced Disclosure Requirements of the Australian Accounting Standards Board (AASB) and the Corporations Act 2001. The Company is not for profit entity for financial reporting purposes under Australian Accounting Standards. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of these financial statements are presented below and have been consistently applied unless stated otherwise. The financial statements, except for the cash flow information, have been prepared on an accruals basis and are on based historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar. The financial statements were authorised for issue on 30th September 2020 by the directors of the Company.


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NOTES TO AND FORMING PART OF THE ACCOUNTS (continued)

Accounting Policies (a) Property, Plant and Equipment: Each class of property, plant and equipment is carried at cost or

fair value less, where applicable, any accumulated depreciation and impairment losses. Property: Freehold land and buildings are shown at cost less subsequent depreciation for buildings.

It is the policy of the entity to have an independent valuation every three years by an external independent valuer, with annual appraisals being made by the directors.

Plant and Equipment: Plant and equipment are measured on the cost basis and therefore carried

at cost less accumulated depreciation and any accumulated impairment. In the event the carrying amount of plant and equipment is greater than the estimated recoverable amount, the carrying amount is written down immediately to the estimated recoverable amount. A formal assessment of recoverable amount is made when impairment indicators are present (refer to Note 1m)) for details of impairment.

Plant and equipment that have been contributed at no cost, or for nominal cost, are valued and

recognised at the fair value of the asset at the date it is acquired. Depreciation: The depreciable amount of all fixed assets, including building and capitalised lease

assets, but excluding freehold land, is depreciated on a straight line basis over their useful lives to the Company commencing from the time the asset is held ready for use. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements.

The depreciation rates used for each class of depreciable assets are: Class of Fixed Asset Depreciation Rate Building 2.5- 4% Plant and Equipment 10-35% The assets’ residual values and useful lives are reviewed and adjusted if appropriate, at each

reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Gains and losses on disposal are determined by comparing proceeds with the carrying amount. These gains and losses are included in the statement of profit or loss and other comprehensive income. When revalued assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to retained earnings.

(b) Inventories: Inventories are measured at the lower of cost and net realisable value. (c) Income Tax: Since Merimbula-Imlay Bowling Club Limited de-amalgamated from Tura Beach

Country Club in the 2012 year, it has been determined that the main purpose of the club has changed to a dual activity for the promotion of sport and additional supplementary activities i.e. social activity such as food, beverage, gaming and entertainment.

The Club is now a multiple purpose Club and as such is not eligible for sporting Club income tax exemption. The income tax expenses (revenue) for the year comprises current income tax expenses (income) and deferred tax expenses (income). Current income tax expense charged to profit or loss is the tax payable on taxable income. Current tax liabilities (assets) are measured at the amounts expected to be paid to (recovered from) the relevant taxation authority. Deferred income tax expense reflects movements in deferred tax asset and deferred tax liability balances during the year as well as unused tax losses. Current and deferred income tax expenses (income) is charged or credited outside profit or loss when the tax relates to items that are recognised outside profit or loss.


21


Except for business combinations, no deferred income tax is recognised from the initial recognition of an asset or liability where there is no effect on accounting or taxable profit or loss. Deferred tax assets and liabilities are calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled and their measurement also reflects the manner in which management expects to recover or settle the carrying amount of the related asset or liability.

Deferred tax assets relating to temporary differences and unused tax losses are recognised only to the extent that it is probable that future taxable profit will be available against which the benefits of the deferred tax asset can be utilised. Where temporary differences exist in relation to investments in subsidiaries, branches, associates and joint ventures, deferred tax assets and liabilities are not recognised where the timing of the reversal of the temporary difference can be controlled and it is not probable that the reversal will occur in the foreseeable future. Current tax assets and liabilities are offset where a legally enforceable right of set-off exists and it is intended that net settlement or simultaneous realisation and settlement of the respective asset and liability will occur. Deferred tax assets and liabilities are offset where: (a) a legally enforceable right of set-off exists; and (b) the deferred tax assets and liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities, where it is intended that net settlement or simultaneous realization and settlement of the respective asset and liability will occur in future periods in which significant amounts of deferred tax assets or liabilities are expected to be recovered or settled.

(d) Comparative Figures: When required by accounting standards, comparative figures have been

adjusted to conform with changes in presentation for the current financial year. (e) Employee Provisions:

Short Term employee provisions: Provision is made for the Company’s obligation for short-term employee benefits. Short-term employee benefits are benefits (other than termination benefits) that are expected to be settled wholly before 12 months after the end of the annual reporting period in which the employees render the related service, including wages, salaries and sick leave. Short-term employee benefits are measured at the (undiscounted) amounts expected to be paid when the obligation is settled. Other Long-term employee provisions: Provision is made for employees’ long service leave and annual leave entitlements not expected to be settled wholly within 12 months after the end of the annual reporting period in which the employees render the related service. Other long-term employee benefits are measured at the present value of the expected future payments to be made to employees. Expected future payments incorporate anticipated future wage and salary levels, durations of service and employee departures, and are discounted at rates determined by reference to market yields at the end of the reporting period on government bonds that have maturity dates that approximate the terms of the obligations. Upon the remeasurement of obligations for other long-term employee benefits, the net change in the obligation is recognised in profit or loss as a part of employee benefits expense.

The Company’s obligations for long-term employee benefits are presented as non-current employee provisions in its statement of financial position, except where the Company does not have an unconditional right to defer settlement for at least 12 months after the end of the reporting period, in which case the obligations are presented as current provisions.

Provisions: Provisions are recognised when the Company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result and that outflow can be reliably measured.


22


Provisions are measured using the best estimate of the amounts required to settle the obligation at the end of the reporting period.

(f) Cash and Cash Equivalents: Cash and cash equivalents include cash on hand, deposits held at-

call with banks, other short-term highly liquid investments with original maturities of twelve months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position.

(g) Revenue from Contracts with Customers – Adoption of AASB 15: The Company has adopted

AASB 15 Revenue from Contracts with customers and AASB 1058 Income of Not-for-Profit Entities for the first time in the current year with a date of initial application of 1st July 2019.

The Company has applied AASB 15 and AASB 1058 using the cumulative effect method which

means the comparative information has not been restated and continues to be reported under AASB 111, AASB 118, AASB 1004 and related interpretations. There were no prior year adjustments on adoptions of AASB 15 and AASB 1058 to any account balances, only changes in the presentation in the financial statements.

(h) Leases – Adoption of AASB 16: The Company has adopted AASB 16 Leases using the modified

retrospective (cumulative catch-up) method from 1 July 2019 and therefore the comparative information for the year ended 30 June 2019 has not been restated and has been prepared in accordance with AASB 117 Leases and Associated Accounting Interpretations. There has been no impact from the adoption of AASB 16 Leases.

(i) Revenue and other Income: For Comparative Year: Revenue is recognised when the amount of the revenue can be measured

reliably, it is probable that economic benefits associated with the transactions will flow to the Company and specific criteria relating to the type of revenue as noted below has been satisfied.

Revenue is measured at the fair value of the consideration or receivable and is presented net of

returns, discounts and rebates. Donations: Donations and bequests are recognised as revenue when received. Revenue from contracts with customers: For Current Year The core principles of AASB 15 is that revenue is recognised on a basis that reflects the transfer of

promised goods or services to customers at an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Revenue is recognised by applying a five-step model as follows:- 1. Identify the contract with the customer 2. Identify the performance obligations 3. Determine the transaction price 4. Allocate the transaction price to the performance obligations 5. Recognise revenue as and when control of the performance obligations is transferred. Generally the timing of the payment for sale of goods and rendering of services corresponds closely to the timing of satisfaction of the performance obligations, however where there is a difference it will result in the recognition of a receivable, contract asset or contract liability. None of the revenue streams of the Company have any significant financing terms as there is less than 12 months between receipts of funds and satisfaction of performance obligations.

Revenue and other Income: Specific Revenue Streams: The revenue recognition policies for the principal revenue streams of the Company are:


23


Sales Revenue: Sales revenue includes bar sales, poker machine income, catering income, greens

income, Keno income and TAB income. All services and goods for these revenue are provided to customers at the time of sale and income is accounted for at that time. If deposits are held for any of these revenue items a liability is booked until services or goods have been provided to the customer and then as income.

Membership Income: Membership income is received in advance for the period of membership

paid for. A liability booked for membership income received in advance with the income spread over the membership period paid for.

Other Income: Other income is recognised on an accruals basis when the Company is entitled to

it. Revenue from Continuing Operations: Revenue from contracts with customers (ASSB 15)

2018/19 REVENUE: 2019/20 $

$

2,395,292 Bar Sales 1,679,521 3,354,913 Catering Sales 2,431,254

160,603 Keno/TAB Commission 127,826 5,941,300 Poker Machine Revenue 4,673,900

122,839 Greens Income 52,527 101,296 Member subscriptions 84,538

72,390 Other Operating Income 236,492 12,148,633 9,285,788

Revenue recognised on receipt: (not enforceable or no sufficiently specific performance obligations (AASB 1058)

0 Donations 107 107,405 Insurance Recoveries 565,984

25,504 Rentals 82,831 0 Government Grant & Subsidies 885,756

132,909 Total Revenue 1,534,678 Disaggregation of revenue from contracts with customers: Revenue from contracts with

customers has been disaggregated into revenue recognised at a point in time and over time which is only applicable to membership subscriptions, and the following table shows this breakdown:

Revenue Recognised at a point in time and over time:

2019/20 $

At a point in time 9,201,250 Over time – member subscriptions 84,538 Revenue from contracts with

customers

9,285,788 Finance Income

28,631 Interest Income 15,846

(j) Financial Instruments: Financial instruments are recognised initially on the date that the Company

becomes party to the contractual provisions of the instrument. On initial recognition, all financial instruments are measured at fair value plus transaction costs (except for instruments measured at fair value through profit or loss where transaction costs are expenses as incurred).


24


(k) Financial assets: All recognised financial assets are subsequently in their entirety at either

amortised cost or fair value, depending on the classification of the financial assets. Classification:

On initial recognition, the Company has only ever held financial assets categorized as at “amortised cost” financial assets are not reclassified subsequent to their initial recognition unless the Company changes its business model for managing financial assets. Amortised cost: Assets measured at amortised cost are financial assets where:

• The business is to hold assets to collect contractual cash flows; and • The contractual terms give rise on specified dates to cash flows are solely payments of

principal interest on the principal amount outstanding.

The Company’s financial assets measured at amortised cost comprise trade and other receivables and cash and cash equivalents in the statement of financial position. Subsequent to initial recognition, these assets are carried at amortised cost using the effective interest rate method less provisions for impairment.

Interest income, losses and impairment are recognised in profit and loss. Gain or loss on derecognition is recognised in profit or loss.

Impairment of financial assets: Impairment of financial assets is recognised on an expected credit loss (ECL) for financial assets measured at amortised cost. When determining whether the credit risk for financial assets has increased significantly since initial recognition and when estimating ECL, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis based on the Company’s historical experience and informed credit assessment and including forward looking information. The Company uses the presumption that an asset which is more than 30 days past due has seen a significant increase in credit risk. The Company uses the presumption that a financial asset is in default when the other party is unlikely to pay its credit obligations to the Company in full, without recourse to the Company to actions such as realizing security (if any is held). Credit losses are measured as the present value of the difference between the cash flows due to the Company in accordance with the contract and the cash flows expected to be received. This is applied using a probability weighted approach. Trade receivables: Impairment of trade receivables have been determined using the simplified approach in AASB 9 which uses an estimation of lifetime expected credit losses. The Company has determined the probability of non-payment of the receivable and multiplied this by the amount of the expected loss arising from default. The amount of the impairment is recorded in a separate allowance account with the loss being recognised in finance expenses. Once the receivable is determined to be uncollectable then the gross carrying amount is written off against the associated allowance. Where the Company renegotiates the terms of trade receivables due from certain customers, the new expected cash flows are discounted at the original effective interest rate and any resulting difference to the carrying value is recognised in profit and loss. Other financial assets measured at amortised cost: Impairment of other financial assets measured at amortised cost are determined using the expected credit, loss model in AASB 9. On initial recognition of the asset, an estimate of the expected credit


25


losses for the next 12 months is recognised. Where the asset has experienced significant increase in credit risk then the lifetime losses are estimated and recognised.

Financial Liabilities: The Company measures all financial liabilities initially at fair value less transaction costs, subsequently financial liabilities are measured at amortised costs using the effective rate method. The financial liabilities of the Company comprise trade payables, bank and other loans and finance lease liabilities. Non-derivative financial liabilities are subsequently measured at amortised cost.

(l) Goods and Services Tax: Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case it is recognised as part of the cost of acquisition of the asset or as part of the expense. Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the Statement of Financial Position. Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from or payable to the taxation authority, are presented as operating cash flows.

(m) Impairment of Assets: At each reporting date, the Company reviews the carrying values of its

tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the 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 statements.

Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

(n) Trade Receivables: Trade receivables are recognised initially at fair value and subsequently

measured at amortised cost, less provision for doubtful debts. Trade receivables are due for settlement no more than 30 days from the date of recognition. Collectability of trade debtors is reviewed on an on-going basis. Debts which are known to be uncollectible are written off. A provision for doubtful receivables is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables. The amount of the provision is the difference between the carrying amount and the present value of estimated future cash flows, discounted at the effective interest rate. The amount of the provision is recognised in the statement of comprehensive income.

When a trade receivable for which an impairment allowance had been recognised becomes uncollectible in a subsequent period, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against other expenses in profit or loss.

(o) Trade and Other Payables: These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year which are unpaid. The amounts are unsecured and are usually paid within 30 days of recognition. Trade and other payables are presented as current liabilities unless payment is not due with 12 months from the reporting date. They are recognised

initially at their fair value and subsequently measured at amortised cost using the effective interest method.

(p) Members’ Subscriptions in Advance: Subscriptions received in advance for the financial year have been carried forward as a current liability.

(q) Retirement Benefit Obligations: Defined contribution superannuation benefits.

All employees of the Company receive defined contribution superannuation entitlements, for which the Company pays the fixed superannuation guarantee contribution (currently 9.5% of the


26


employees average ordinary salary) to the employees’ superannuation fund of choice. All contributions in respect of employees’ defined contribution entitlements are recognised as an expense when they become payable. The Company’s obligation with respect to employees’ defined contribution entitlements is limited to its obligation for any unpaid superannuation guarantee contributions at the end of the reporting period. All obligations for unpaid superannuation contributions are measured at the (undiscounted) amounts expected to be paid when the obligation is settled and are presented as current liabilities in the Company’s statement of financial position.


NOTE 2 - CLASSIFICATION OF INCOME AND EXPENSES BY FUNCTION FOR THE YEAR ENDED 30TH JUNE 2020:

BAR TRADING

2018/19 2019/20 $

$

2,395,292.04 Bar Sales 1,679,520.82

2,395,292.04 Total Bar Sales

1,679,520.82

89,222.11 Opening Stock 101,511.52 958,506.44 Purchases 656,864.28

1,047,728.55

758,375,80

101,511.52 Less Stock on Hand 87,216.17

946,217.03 Cost of Goods Sold

671,159.63

1,449,075.01 Gross Profit

1,008,361.19 LESS EXPENSES:

32,908.06 Depreciation 20,461.79

21,300.53 Insurance 20,983.37

33,232.61 Payroll Tax 26,519.75

22,936.69 Repairs & Maintenance 22,944.50

2,687.55 Requisites 1,752.23

25,408.11 Staff Amenities 30,467.64 2,247.10 Staff Training 15,572.77

69,869.12 Superannuation 54,705.46

299.48 Uniforms 4,670.69

708,674.27 Wages 555,371.31

13,370.83 Waste Disposal 10,920.71

932,934.35 Total Expenses

764,370.22

516,140.66 Net Profit

243,990.27


27


NOTE 2 - CLASSIFICATION OF INCOME AND EXPENSES BY FUNCTION

FOR THE YEAR ENDED 30TH JUNE 2020: CATERING TRADING

2018/19 2019/20 $

$

3,354,913.07 Sales 2,431,254.22

3,354,913.07 Total Sales

2,431,254.22

32,523.92 Opening Stock 32,972.73

1,147,080.28 Purchases 832,174.18

1,179,604.20

865,146.91

32,972.73 Less Stock on Hand 27,973.16

1,146,631.47 Cost of Goods Sold

837,173.75

2,208,281.60 Gross Profit

1,594,080.47 LESS EXPENSES:

20,004.86 Cleaning 17,586.90

34,837.43 Depreciation Plant and Equipment 31,243.10

31,719.53 Depreciation - Furniture and Fittings 31,344.65

28,632.33 Gas 19,676.52

46,513.29 Insurance 47,999.16

3,747.76 Laundry 2,686.32

22,281.06 Materials not for Resale 18,003.31 81,487.53 Payroll Tax 61,525.58

2,144.90 Catering Promo 0 1,202.68 Printing and Stationery 1,441.59

49,939.51 40,429.68

Repairs and Maintenance Staff Amenities

39,566.06 31,376.41

3,240.70 Staff Training (227.37)

149,153.95 Superannuation 123,619.88

3,019.14 Uniforms 4,726.14

1,695,477.95 Wages 1,270,400.59

20,716.31 Waste Disposal 21,160.71

2,234,548.61 Total Expenses

1,722,129.55

(26,267.01) Net Loss

(128,049.08)


28



FOR THE YEAR ENDED 30TH JUNE 2020: GAMING MACHINE TRADING

2018/19 2019/20 $

$

5,941,299.52 Revenue after Payouts

4,673,900.25

LESS EXPENSES: 382,961.37 Depreciation 425,479.65

9,748.44 Insurance 11,711.80

11,382.89 Jackpot Provision (3,558.81)

27,162.72 Members-Advantage Club 22,338.38 18,802.61 Payroll Tax 14,902.85

166,832.23 Promotions 137,941.68

133,943.69 Repairs and Maintenance 97,893.98

3,035.72 Requisites 0

9,310.71 Staff Amenities 10,851.03

283.20 Staff Training 0


1,131,299.80 Supplementary Tax 848,926.88

398,168.10 Wages 309,979.01


1,909,995.61

3,605,545.03 Net Profit

2,763,904.64

KENO/TAB TRADING 2018/19 2019/20

$

$ 160,602.68 Revenue

127,826.22

LESS EXPENSES:

830.11 Depreciation 1,646.61

2,483.24 Insurance 2,137.97

4,274.79 7,973.59

Payroll Tax Promotions

2,781.00 5,539.21

17,515.13 Repairs and Maintenance 15,663.46

2,542.10 Requisites 2,258.76

23,038.20 Sky Channel Subscriptions 15,947.74

200.39 Staff Training 174.13


89,544.80 Wages 56,585.86


108,747.55

3,833.59 Net Profit

19,078.67


29



FOR THE YEAR ENDED 30TH JUNE 2020:

GYMNASIUM

2018/19 2019/20 $

$

72,389.64 Gymnasium Fee

56,101.99 LESS EXPENSES:

34,787.98 Depreciation 28,430.73

3,060.47 48,083.44

Other Expenses Repairs and Maintenance

2,524.94 2,665.56


33,621.23

(13,542.25) Net Profit (Loss)

22,480.76

BOWLING

2018/19 2019/20 $

$

121,491.52

Tournaments, Barefoot Bowls, Other, Green Fees and Sponsorships

51,986.85

33,586.66 Subscriptions 28,230.65

(5,551.09) Bowls Shop Net (Loss) (1,044.13)

149,527.09 Total Revenue

79,173.37

LESS EXPENSES: 258.08 Advertising & Promotions 300.00

190.94 Association Fees 0 252,171.94 Depreciation - Plant Greens 250,447.80

8,813.84 Greens and Surrounds Maintenance 11,636.62

3,994.14 Insurance 4,609.49

1,049.16 Motor Vehicles and Equipment 570.96

4,978.17 Payroll Tax 4,349.63

14,988.95 Sections & Other Bowls 6,530.67

370.00 Staff Training 0


87,272.13 Tournament Expenses 40,625.70

2,163.83 Uniforms and Staff Amenities 3,581.44

103,848.24 Wages 91,564.11


423,166.46

(340,226.55) Net Loss

(343,993.09)


30


NOTE 2 - CLASSIFICATION OF INCOME AND EXPENSES BY FUNCTION FOR THE YEAR ENDED 30TH JUNE 2020:

INCOME SUMMARY

2018/19 2019/20 $

$

516,140.66 Bar Net Profit 243,990.97

(26,267.01) Catering Net Loss (128,049.08)

3,605,545.03 Poker Machine Net Profit 2,763,904.64

3,833.59 Keno/TAB Net Profit 19,078.67

(340,226.55) Bowling Net Loss (343,993.09)

28,631.13 Interest Received 15,846.08

(13,542.25) Gymnasium Net Profit (Loss) 22,480.76

67,709.70 Subscriptions - Social Members 56,308.88

103,424.59 Other Income 143,980.39

Other Revenue Government Subsidies 885,756.09 107,405.00 Other Revenue Insurance Recovery 565,983.63

15,877.24 Gain on Disposal of Asset 119,348.12

4,068,531.13 Total Gross Income

4,364,634.06

LESS EXPENSES: 104,129.02 Advertising 103,031.25

4,725.00 Accounting Fees – Taxation Preparation 4,725.00 48,510.00 Audit Fees 48,510.00

38,703.12 Bank Fees 30,274.12

19,178.77 Car Park / Surrounds Repairs and Maintenance 4,041.85

255,689.89 Cleaning In House 199,735.62

7,519.60 Courtesy Bus Expenses 8,147.51

456,875.57 Depreciation - Building 451,640.28

9,496.59 Depreciation - Courtesy Bus 12,828.58

41,522.73 Depreciation - Furniture & Fittings 34,202.95 125,319.88 Depreciation - Plant Clubhouse 118,569.61

3,203.09 Directors' Expenses 1,996.62

76,041.76 Donations 89,126.97

239,871.39 Electricity 178,354.50

339,149.08 Entertainment 230,136.74

26,369.71 Fringe Benefits 22,964.62

36,000.00 Honoraria 36,000.00

229,032.96 House Repairs and Maintenance 296,206.26

53,189.44 Office Equipment Repairs and Maintenance 33,727.38

153,341.96 Insurance 179,845.75

9,706.97 Land Tax 12,203.30

2,793.00 Legal Fees 3,132.00

27,761.84 Licence Fees - Other 22,815.91

147,478.49 Members Direct Expenses 140,832.39

8,897.94 Motor Vehicle Expenses 10,986.51


31


NOTE 2 – CLASSIFICATION OF INCOME AND EXPENSES BY FUNCTION

FOR THE YEAR ENDED 30TH JUNE 2020

2018/19 2019/20 $ LESS EXPENSES: (continued) $

53,276.58 Payroll Tax 43,241.86

12,449.26 Postage and Stationery 9,485.11

22,978.51 Professional Services 76,775.82

78,849.93 Rates - Council 79,183.13

2,355.36 Recruitment Costs 812.98 15,008.87 Residential 13,679.14

7,935.47 Security Services 6,911.25

457.33 Shortages 897.69

42,118.70 Staff and Directors' Training 25,685.54

24,619.76 Subscriptions 24,998.89

4,479.58 Sundry 5,863.55 111,473.18 Superannuation 111,160.98

25,817.52 12,381.00

Telephone Operating Telephone Lease (Note 10)

35,348.22 9,837.81

67,956.29 Uniform and Staff Amenities 36,242.80

0 Wages - JobKeeper 784,500.00 275,213.72 Wages - Reception 200,572.05

165,337.26 Wages - Creche, Bus, Maintenance 114,768.23

681,096.46 Wages - Administration 622,054.68


4,476,055.45

218.55 Net Profit (Loss)

(111,421.39) NOTE 3 - CASH:

259,000.00 Change - Cash Float 220,000.00 246,284.84 Westpac Banking Corporation - Secured 120,533.02

11,060.13 Westpac Banking Corporation - Keno 11,902.55 12,654.92 Westpac Banking Corporation - TAB 10,517.91

NAB Trading - Secured 258,060.54 1,569,626.63 Short Term Investments 1,128,320.10 2,098,626.52 1,749,334.12

NOTE 3a - RECEIVABLES:

21,399.56 Trade Debtors 7,185.49 41,854.88 Debtors – Other 455,272.57 63,254.44 462,458.06

NOTE 4 – INVENTORIES:

101,511.52 Stock on Hand at Cost - Bar 87,216.17 32,972.73 Stock on Hand at Cost - Catering 27,973.16

7,894.74 Stock on Hand at Cost - Bowls Shop 6,809.75 142,378.99 121,999.08


32


NOTE 5 - OTHER

238,444.64 853,257.43

Prepayments Capital Projects in Progress

285,958.47 1,399,801.96

0 Security Deposits Paid 5,000.00 1,096,702.07 1,690,760.43

The service road has been completed and the Club complied with the contractual obligation to contribute $400,000 toward the cost of the service road. The completion of the road increased the value of Club’s land significantly. NOTE 6 - PROPERTY, PLANT AND EQUIPMENT - FIXED ASSETS:

232,226.10 Greens - Plant and Equipment 232,226.10 (162,809.51) Less: Provision for Depreciation (170,901.26

69,416.59 61,324.84

32,095.05 Kitchen - Plant and Equipment 50,675.14 286,021.20 Rockpool Café - Plant and Equipment 288,112.11

(287,939.47) Less: Provision for Depreciation (297,994.85) 30,176.78 40,792.40

3,790.91 Kitchen - Furniture and Fittings 3,790.91

227,833.92 Rockpool Café - Furniture and Fittings 227,833.92 (136,422.04) Less: Provision for Depreciation (152,949.02)

95,202.79 78,675.81

754,684.31 New Bistro - Plant and Equipment 759,515.50 (663,450.33) Less: Provision for Depreciation (683,305.15)

91,233.98 76,210.35

91,839.03 New Bistro - Furniture and Fittings 91,839.03 (91,548.10) Less: Provision for Depreciation (91,602.64)

290.93 236.39

138,430.14 Bistro Enhancement 138,430.14 (101,089.96) Less: Provision for Depreciation (115,853.09)

37,340.18 22,577.05

3,518,176.91 Poker Machines 3,680,273.48 (2,292,014.46) Less: Provision for Depreciation (2,328,445.84)

1,226,162.45 1,351,827.64

378,749.52 Loyalty System 378,749.52 (270,578.73) Less: Provision for Depreciation (324,707.42)

108,170.79 54,042.10

134,788.14 Alfresco Gaming 134,788.14 (57,034.95) Less: Provision for Depreciation (62,427.02)

77,753.19 72,361.12

1,634.55 Keno - Plant and Equipment 2,675.45 (1,634.55) Less: Provision for Depreciation (1,033.53)

0.00 1,641.92


33


141,425.05 TAB/Sky - Plant and Equipment 141,425.05

(126,954.87) Less: Provision for Depreciation (128,385.22) 14,470.18 13,039.83

297,709.47 Car Park Extension - At cost 299,149.47

0 Less: Provision for Depreciation (136.63) 297,709.47 299,012.84

1,425,629.55 95/97 Main Street, Merimbula 1,425,629.55 (194,417.31) Less: Provision for Depreciation (194,417.31) 1,231,212.24 1,231,212.24

11,992,504.77 Club House - at Cost 11,998,915.22 (8,549,972.75) Less: Provision for Depreciation (8,778,400.33)

3,442,532.02 3,220,514.89

128,302.50 Poker Machine Licences Shortland 128,302.50 128,302.50 128,302.50

5,626,652.94 Club Extension 5,862,738.56

398,407.74 Land Development/Master Plan 398,407.74 (2,353,074.74) Less: Provision for Depreciation (2,576,150.81)

3,671,985.94 3,684,995.49

1,772,151.89 Club - Plant and Equipment 1,817,627.93 (1,250,878.40) Less: Provision for Depreciation (1,359,988.14)

521,273.49 457,639.79

548,843.01 Bar - Plant and Equipment 549,203.01 (417,046.47) Less: Provision for Depreciation (437,508.26)

131,796.54 111,694.75

676,601.74 Club - Furniture and Fittings 699,144.20 (539,984.41) Less: Provision for Depreciation (574,187.36)

136,617.33 124,956.84

355,103.42 Gymnasium 355,103.42 (172,889.98) Less: Provision for Depreciation (201,320.71)

182,213.44 153,782.71

1,951,149.38 Bowling Greens - at cost 1,951,149.38 (1,843,375.36) Less: Provision for Depreciation (1,886,110.37)

107,774.02 65,039.01

3,326,398.45 Bowling Greens Covered 3,326,398.45 (399,043.75) Less: Provision for Depreciation (598,664.79) 2,927,354.70 2,727,733.66

14,528,989.55 Total Property, Plant and Equipment 13,977,614.17


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NOTE 6a: An independent revaluation of land and buildings was undertaken on 30 June 2018 by a Registered Valuer. The revaluation was undertaken as part of a policy to revalue land and buildings every three years and was based on fair value as part of an ongoing concern basis. The valuation revealed a current market value of $18,460,000.

NOTE 6b: MOVEMENT IN CARRYING AMOUNTS: Movement in the carrying amounts for each class of property, plant and equipment between the beginning and the end of the current financial year. Carrying 2019/20: Balance at the Amount Beginning at the End Economic entity: of the Year Additions Disposals Depreciation of the Year Freehold land 1,340,357 - - - 1,340,357 Greens and Car Park 3,332,839 1,440 - 242,493 3,091,786 Buildings 6,995,097 242,496 - 479,791 6,757,802 Licences 128,303 - - - 128,303 Plant and Equipment 2,494,211 620,861 9,877 684,012 2,421,183 Non Core Vacant Land 238,183 - - - 238,183 Total 14,528,990 864,797 9,877 1,406,296 13,977,614 Carrying 2018/19: Balance at the Amount Beginning at the End Economic entity: of the Year Additions Disposals Depreciation of the Year Freehold land 1,340,357 - - - 1,340,357 Greens and Car Park 3,566,999 7,932 - 242,092 3,332,839 Buildings 7,346,408 135,909 - 487,220 6,995,097 Licences 128,303 - - - 128,303 Plant and Equipment 2,565,238 687,921 84,829 674,119 2,494,211 Non Core Vacant Land 238,183 - - - 238,183 Total 15,185,488 831,762 84,829 1,403,431 14,528,990


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NOTE 7 – PAYABLES

2018/19 2019/20 $ $

683,615.01 Trade Creditors 308,624.51 218,118.82 Accrued Charges 459,560.11 901,733.83 768,184.62

NOTE 8 – PROVISIONS

1,025,413.74 Opening Balance as at 1 July 2019 1,014,736.29 363,696.33 Additional Provisions raised during year 444,003.27

(374,373.78) Amounts Used (369,200.84) 1,014,736.29 Closing Balance as at 30th June, 2020 1,089,538.72

Analysis of Employee Provisions

Current: 696,074.77 - Annual & Sick Leave Entitlements 742,851.62 223,607.03 - Long Service Leave Entitlements 241,664.73 919,681.80 Total Current Entitlements 984,516.35

Non-current:

95,054.49 - Long Service Leave Entitlements 105,022.37 95,054.49 Total non-current Entitlements 105,022.37

1,014,736.29 Total Entitlements 1,089,538.72

Employee Provisions: Employee provisions represent amounts accrued for annual leave and long service leave. The current portion for this provision includes the total amount accrued for annual leave entitlements and the amounts accrued for long service leave entitlements that have vested due to employees having completed the required period of service. Based on past experience, the Company does not expect the full amount of annual leave or long service leave balances classified as current liabilities to be settled within the next 12 months. However, these amounts must be classified as current liabilities since the Company does not have an unconditional right to defer the settlement of these amounts in the event employees wish to use their leave entitlement. The non-current portion for this provision includes amounts accrued for long service leave entitlements that have not yet vested in relation to those employees who have not yet completed the required period of service. NOTE 9 – OTHER:

125,131.91 Subscriptions in Advance 82,213.39 35,952.11 Income In Advance 27,100.16 33,803.78

0 Provisions for Poker Machine Jackpots Hunter Premium Funding (Insurance)

30,244.97 237,911.54

0 Members Point Liability 56,881.95 549.50 Temporary Clearing Account 248.00

195,437.30 434,600.01


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NOTE 10 – OPERATING LEASE COMMITMENTS: Non Cancellable operating leases contracted for but not recognised in the financial statements has been settled in full by negotiation on 17 September 2020:

Payable - minimum lease payments: - Not later than one year $12,363.25

$12,363.25 NOTE 11 – AUDITOR’S REMUNERATION: Amounts due and receivable for audit services total $48,510 plus non audit services of $4,880. NOTE 12 – MEMBERS’ GUARANTEE: The Company is limited by guarantee. If the Company is wound up, the Articles of Association state that each member is required to contribute a maximum of $2.00 each towards meeting any outstanding obligations of the Company. At 30th June 2020, the number of members were 7,690 (30th June 2019 – 8,383). NOTE 13 – RELATED PARTY TRANSACTIONS: Transactions between related parties are on normal commercial terms and conditions, no more favourable than those available to other parties unless otherwise stated. (a) Directors The names of persons who were Directors of the Company at any time during the year are as follows:

William Anthony DEJONG Gregory HALLORAN Ricky John HOLT Christine KEENS Ian MARTIN Peter James MOORE Felicity Ann WHITE

(b) Directors’ Remuneration The Directors did not receive any remuneration from the Company during the year other than

Honorariums and reasonable costs which have been approved at the Annual Meeting. (c) Transactions with Directors and Director related Entities There were no transactions with Directors, other than those at normal commercial terms and

conditions. NOTE 14 - FINANCIAL RISK MANAGEMENT (a) Financial Risk Management The entity’s financial instruments consist mainly of deposits with the bank accounts receivable and payables. The entity relies on this working capital as its source of funds. The totals for each category of financial instruments measured in accordance with AASB 9 as detailed in the accounting policies to these financial statements are as follows:


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2018/19 Financial Assets 2019/20

$ $ 269,999.89 Cash at Bank (Note 3) 401,014.02

1,569,626.63 Short Term Investments (Note 3) 1,128,320.10 259,000.00 Cash on Hand (Note 3) 220,000.00 63,254.44 Receivables (Note 3a) 462,458.06

2,161,880.96 2,211,792.18 Financial Liabilities

683,615.01 Trade Creditors (Note 7) 308,624.51 683,615.01 308,624.51

1,478,265.95 Net Financial Assets 1,903,167.67

NOTE 15: FAIR VALUE MEASUREMENTS The Company has the following assets, as set out in the table below, that are measured at fair value on a recurring basis after their initial recognition. The Company does not subsequently measure any liabilities at fair value on a recurring basis and has no assets or liabilities that are measured at fair value on a non-recurring basis. Recurring fair value measurements: Property, Plant and Equipment

2019 2020 $18,460,000 Freehold Land and Improvements $18,460,000 $2,769,065 Plant and Equipment $2,668,613

For freehold land and buildings, the fair values are based on a directors’ valuation considering an external independent valuation performed in the previous year, which used comparable market data for similar properties. NOTE 16: NOTES TO STATEMENT OF CASH FLOWS: (a) Reconciliation of Cash: For the purpose of this statement of cash flows, cash includes: (i) cash on hand and at-call deposits with banks or financial institutions, net of bank overdrafts;

and (ii) investments in money market instruments with less than 259 days to maturity. Cash at the end of the year is shown in the balance sheet as:

2018/19 $

2019/20 $

259,000 Cash on Hand 220,000 270,000 At-call Deposits with Financial Institutions 401,014

1,569,627 Short term Investments 1,128,320 2,098,627 Net Assets per Financial Statement 1,749,334


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(b) Reconciliation of Cash Flow from Operations with (Loss) Profit from Ordinary Activities:

2018/19 2019/20 $ $

34,137 Profit (Loss) from Ordinary Activities after Income Tax (128,163) Non-cash Flows From Ordinary Activities

1,403,431 Depreciation 1,406,296

(15,877) (Gain) on Sale Non-Current Assets (119,348)

Changes in Assets and Liabilities

(19,995) (Increase) Decrease in Receivables (290,171) (64,237) (Increase) Decrease in Prepayments (47,514) (5,840) (Increase) Decrease in Inventories 20,380 16,883 (Increase) Decrease in Other Assets 0

(14,988) (Decrease) Increase in Trade Creditors (137,079) 157 (Decrease) Increase in Accrued Charges 241,441

(53,981) (Decrease) Increase in Income in Advance (51,770) (42,220) (Decrease) Increase in Other Liabilities 76,541

705 (Decrease) Increase in Provisions 71,244 1,238,175 Cash Flows from Operations 1,041,857

NOTE 17 - KEY MANAGEMENT PERSONNEL: The Company is run by the Board of Directors. All major business decisions are made by the Board. The day to day business of the Company is run by the employees of the Company. As all major business decisions are made by the Board no key management personnel disclosures are deemed appropriate.

NOTE 18 - CAPITAL MANAGEMENT: Management controls the capital of the Company to ensure that adequate cash flows are generated to fund its operations and that returns from investments are maximised. Management ensures all the overall risk management strategy is in line with this objective. Management operates under policies approved by the Board of Directors. Informal risk management policies are discussed by the Board on a regular basis. These include credit risk and future cash flow requirements. The Company’s capital consists of financial liabilities, supported by financial assets. Management effectively manages the Company’s capital by assessing the Company’s financial risks and responding to changes in these risks and in the market. These responses may include the consideraion of debt levels. There have been no changes to the strategy adopted by management to control the capital of the entity since the previous year. NOTE 19 - STATEMENT OF OPERATIONS BY SEGMENTS: The Company operates in the Licensed Registered Clubs Sector within New South Wales.


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NOTE 20 – INCOME TAX EXPENSE:

2019

$ 2020

$ 219 Operating Profit (Loss) Before Tax (111,421)

(101,296) Less: Members Subscriptions (84,538) (245,630) Non apportionable (987,974)

(8,028) Add: Sections Income (44,183)

1,244,444 Add: Non allowable, non apportionable and part apportionable expenses 1,425,530

889,709 Net Assets per Financial Statement 197,414

439,516 Portion Attributable to non members 106,703 133,715 Add: Non apportionable items 414,477

(668,305) Less: Non and part apportionable items (659,858)

(95,074) Taxable Income (138,678)

0 Tax on taxable income x (27.5%) 0 (4501) Less Tax Instalment Paid (1,282)

(4,501) Tax Payable (Tax Refundable) (1,282)

NOTE 21 – DEFERRED TAX ASSETS AND LIABILITIES FOR EACH TYPE OF TEMPORARY DIFFERENCE:

Deferred tax assets

696,075 Provision for Annual Leave & Sick Pay 742,852 318,662 Provisions for Long Service Leave 346,687

48,510 Audit Provision 48,510 82,022 Superannuation 31,488

1,145,269 1,169,537 579,506 Adjustment for member component 537,402 565,763 632,135

Deferred Tax Liabilities

2,277 Debtor – Other 237,508 2,277 237,508 1,152 Adjustment for member component 109,135 1,125 128,373


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Deferred tax amounts recognised in income tax expense:

2019 $ Deferred tax assets

2020 $

191,421 Provision for Annual Leave & Sick Pay 204,284

87,632 Provisions for Long Service Leave 95,339 13,340 Audit Provision 13,340 22,556 Superannuation 8,659

314,949 321,622 159,364 Adjustment for member component 147,785

155,585 Total Deferred Tax Asset 173,837 Deferred Tax Liabilities

626 Debtor – Other 65,315 626 65,315 317 Adjustment for member component 30,012 309 Total Deferred Tax Liabilities 35,303

155,276 Net Deferred Tax Asset 138,534

121,358 Opening Balance at 1 July 2019 155,276 155,276 Closing Balance at 30 June 2020 138,534

33,918 Movement in Deferred Tax for the financial year (16,742) NOTE 22 - TAX EXPENSE:

The Components of tax (expense)/income comprise: 0 Current Tax 0

33,918 Deferred Tax (16,742) 33,918 (16,742)

NOTE 23 - ASSOCIATED ENTITIES: There are three associated sports bodies (as recognised under Article 45 of the constitution of the Company), managed and controlled by separate committees set up under the conditions inherent in those articles. The income and expenditure of the committees has not been consolidated in the books of account of the Company nor have they been part of the Company’s audit process. These bodies hold in various bank accounts the following amounts as at 30 June 2020 Merimbula-Imlay Womens’ Bowling Club $45,525.37 Merimbula-Imlay Mens’ Bowling Club $33,454.38 Merimbula-Imlay Indoor Carpet Bowls Club $2,526.81


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NOTE 24 – CONTINGENT LIABILITIES: The Club undertook renovations in the 2007/2008 financial year. At completion of the renovation the builder confirmed in writing and BVSC subsequently certified, that all works were compliant with the Building Code of Australia. The Club undertook further renovations in the 2016/2017 financial year. During the 2016/2017 renovations, the builder undertaking the works identified some parts of the earlier renovation works which he believed may not have been fully BCA compliant. The Club has since been liaising with the builder who undertook the 2007/2008 works and with the Club’s legal advisor. The final scope of any rectification works is currently being assessed by the Club’s consultant and due to bushfire & COVID-19 related delays, any required works are expected to now be undertaken in 2020/21. The cost of those works is yet to be finalised. . NOTE 25 - COMPANY DETAILS: The registered office of the Company is: Merimbula-Imlay Bowling Club Limited, 119 Main Street, Merimbula NSW 2548. The principal places of business are: Merimbula-Imlay Bowling Club Limited, 119 Main Street, Merimbula NSW 2548. Limited by guarantee unlisted.

CORE AND NON-CORE PROPERTIES

Pursuant to Section 41J(2) of the Registered Clubs Act for the financial year ended 2020: The following properties are core property of the Club:

(i) The Club house, bowling greens and car park currently forming Lot 121 DP1250503 Parish of Pambula, County of Auckland, Shire of Bega.

The following are non-core properties:

(ii) The vacant land situated being Lot 122, DP1250503 Parish of Pambula, County of Auckland, Shire of Bega.

(iii) The vacant land situated at 95 Main Street, Merimbula, being Lot 1, DP521571 Parish of Pambula, County of Auckland, Shire of Bega.

(iv) The vacant land situated at 97 Main Street, Merimbula, being Lot 2,DP521571 Parish of Pambula, County of Auckland, Shire of Bega.

(v) The vacant land being Lot 231, DP1263284 Parish of Pambula, County of Auckland, Shire of Bega.

(vi) The vacant land being Lot 233, DP1263284 Parish of Pambula, County of Auckland, Shire of Bega

NOTES TO MEMBERS:

1. Section 41J(2) of the Registered Clubs Act requires the annual report to specify the core property

and non-core property of the Club as at the end of the financial year to which the report relates.

2. Core property is any real property owned or occupied by the Club that comprises: (a) the defined premises of the Club; or (b) any facility provided by the Club for use of its members and their guests; or


42

NOTES TO MEMBERS (continued)

(c) any other property declared by a resolution passed by a majority of the members present at

a general meeting of Ordinary members of the Club to be core property of the Club.

3. Non-core property is any other property other than that referred to above as core property and any property which is declared by the members at a general meeting of ordinary members of the Club not to be core property.

4. The significance of the distinction between core property and non-core property is that the Club cannot dispose of any core property unless: (a) the property has been valued by a registered valuer within the meaning of the Valuers Act

2003; and (b) the disposal has been approved at a general meeting of the Ordinary members of the Club

at which the majority of the votes cast support the approval; and (c) any sale is by way of public auction or open tender conducted by an independent real estate

agent or auctioneer.

5. These disposal provisions are to some extent modified by regulations made under the Registered Clubs Act and by Section 41J itself.

CURRENT LIFE MEMBERS AS AT 30 JUNE 2020

I.Stroud – 2003, R. Caterson – 2012, R. Christie – 2017, B. Kennedy – 2017

CLUB PATRON R. Caterson


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DONATIONS FOR 2019/20

Organisations supported throughout the year included:

Alliance Francaise Bega Senior Citizens Bega Valley Bridge Club Bega Valley Homelessness & Housing Solutions Bega Valley Shire Council Bega Valley Suicide Prevention Action Network Bermagui & District Seniors Social Club Bowelcare Australia Candelo A.H. & D.F. Association

Bega Men’s Shed Bega Valley Archers Inc Bega Valley Genealogy Society Inc Bega Valley Regional Gallery Bega Valley Shire Council – Library Bemboka Sports Social & Recreation Club Bermagui Men’s Shed Cancer Council NSW Candelo Blues Club

Cobargo School of Arts Hall Committee Country Womens Association of NSW – Bega Eden Chamber of Commerce Evans Park Sporting Complex Inc

Community Carers Accommodation South East Inc Dementia Australia Eden Whale Festival Far South Coast Cricket Ass

Far South Coast Family Support Services First Cobargo Scout Group fLiNG Physical Theatre Inc Grand Pacific Health Ltd Imlay House Nursing Home Auxiliary Lions Club of Pambula-Merimbula Inc. Lumen Christi Catholic College Marine Rescue NSW – Bermagui Unit Merimbula Astronomy Group Merimbula & District Garden Club

Merimbula & District Arts Group Merimbula Basketball

Merimbula Big Game & Lake Angling Club Merimbula Chamber of Commerce Merimbula Diggers Australian Rules Football Club

Merimbula Evening View Club Merimbula Jazz Festival Inc

Merimbula Pambula Senior RLFC Inc Merimbula Public School P & C Mitchell, Charli Pambula AH & P Society Inc

Merimbula Knights Cricket Club Merimbula Water Dragons One Door Mental Health Carer Support Group Pambula Beach Surf Life Saving Club

Pambula Pre-School Kindergarten Ass Pinkup Merimbula PCYC Rainbow Wave Road Safety Education Ltd. Rural Aid Ltd Sapphire Coast Destination Marketing Sapphire Coast Netball Ass Sapphire Coast Sporting Car Club Sapphire Socratics

Pambula Merimbula Lions Pearls Place Pirate Studios Quaama Mens Shed Red Cross Rotary Merimbula Sapphire Coast Concert Band Sapphire Coast Mental Health Carers Support Group Sapphire Coast Turf Club

Social Justice Advocates of the Sapphire Coast Southern Women’s Group Inc St Vincent de Paul Society – Bega St Vincent de Paul Society – Merimbula Streetsmart Australia Suicide Bereavement Support Group Tathra Life Saving Club The Disability Trust Twyford Hall Committee Writers of the Far South Coast

U3A Wolumla Football Club

Documents

MERIMBULA-IMLAY BOWLING CLUB LTD