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Sydney Cricket Club Incorporated Annual Report & Financial Report 2015-16

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Sydney Cricket Club Incorporated Annual Report & Financial Report 2015-16 SYDNEY CRICKET CLUB INCORPORATED ANNUAL REPORT & FINANCIAL REPORT 2015-16 Tigers since 1897 www.sydneycricketclub.com.au/ Level 2 | Sheridan Building | Moore Park Road Moore Park | NSW | 2021 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2013-2014 - 2 - SCG CRICKET ANNUAL REPORT 2015-16 2nd Grade Premiers 2016 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 Sponsors Sydney Cricket Club gratefully acknowledges and appreciates the support of the 2015-16 season Sponsors and Partners Page 2 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 Office Bearers Season 2015-16 Chairman of the Board Mr Neil Maxwell President Mr Rodney Cavalier AO General Manager Mr David Kelly Board of Management Mr Neil Maxwell (Chairman) Mr Rodney Cavalier AO (President) Board Members: Mr Jamie Barkley | Mr Anthony Brooks | Mr Greg Healy | Mr Jason Penrose | Mr Paul Tonkin | Ms Jane Coles | Mr Maurice Newman AC | Mr Matthew Wiesner Club Patrons Mr Greg Hayne | Dr Harry Harinath | Mr Bob Adby Delegate to NSW Cricket Association Mr Jason Penrose Delegates to Sydney Cricket Association Mr Jason Penrose | Mr Peter Rashleigh Director of Cricket Mr Michael Haire Team Selection Committee (Men’s) Michael Haire (Chairman) | Dan Smith | Daniel Jacob | Dom Tonkin | Steve Rous | Nathan Breen Team Selection Committee (Women’s) Angela Reakes | Fiona Urquart Club Coach (Men’s) Michael Procajlo Club Coach (Women’s) Fiona Urquart Page 3 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 Men’s Operations Steve Pryde (Chairman) SCG XI Operations Paula Booth | Norm Kochannek Women’s Operations Fiona Urquhart SCG XI Management Committee Mr Neil Maxwell | Mr Michael Regan | Mr David Kelly | Ms Jane Coles | Andrew Jones Finance Committee Mr Neil Maxwell | Mr Jason Penrose | Mr David Kelly | Ms Lynda Mackie | Mr David Thorburn Honorary Counsel Mr David McGuiness | Dave Dalton Honorary Publicity Officer Mr Chris Karas Honorary Auditors Ernst & Young Honorary Accountants Mr Bernie Lamerton | Mr Andrew Denny | Mr David Thorburn | Ms Lynda Mackie | Ashleigh Meredith Club Historian Mr Colin Jefferies Club Photographer Mr William Ho Annual Report Mr David Kelly | Katrina Harvey Administration Support Ms Katrina Harvey | Ms Sue Channells | Ms Amanda Zaki Page 4 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 TABLE OF CONTENTS Sponsors 2 Office Bearers Season 2015-16 3 Finance Report 7 Chairman’s Report 16 General Manager Report 18 Cricket Operations Report 21 SCG XI Report 24 Sydney Cricket Club Awards 29 Obituaries 34 Director of Cricket Report 35 Tigers Junior Academy Program 37 Grand Final Report 38 Grand Final Teams 40 Mens 1st Grade Report 42 Mens 1st Grade Statistics 48 Womens 1st Grade Report 54 Womens 1st Grade Statistics 58 Mens 2nd Grade Report 60 Mens 2nd Grade Statistics 63 Womens 2nd Grade Report 69 Mens 3rd Grade Report 74 Mens 3rd Grade Statistics 76 Mens 4th Grade Report 81 Mens 4th Grade Statistics 84 Mens 5th Grade Report 87 Mens 5th Grade Statistics 89 Mens 6th Grade Report 96 Mens 6th Grade Statistics 96 Poidevin-Gray Shield Report 103 Page 5 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 Poidevin-Gray Shield Statistics 105 AW Green Shield Report 107 AW Green Shield Statistics 108 Brewer Shield Report 113 Brewer Shield Statistics 116 SCA/McDonalds Grade Competition Tables 118 Sydney Cricket Association Women’s Competition 120 2015-16 Playing Members & Officials - Ordinary Members 121 Page 6 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 Finance Report SYDNEY CRICKET CLUB DRAFT FINANCIAL REPORT FOR THE YEAR ENDED 30 APRIL 2016 TABLE OF CONTENTS Financial Report Statement of Comprehensive Income Statement of Financial Position Statement of Changes in Equity Notes to the Financial Report Page 7 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 SYDNEY CRICKET CLUB DRAFT STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 APRIL 2016 2016 2015 $ $ INCOME Sales income (991) 22,608 Interest 1,634 1,778 Sponsorship income 183,347 175,918 Subsidies and grants 159,051 159,892 Social and fundraising income 80,515 90,193 Membership subscriptions 56,859 48,350 Tour income 339,775 1,262 Other income 37,975 6,364 TOTAL INCOME 858,165 506,365 LESS EXPENSES Administration costs 2,423 3,069 Bad debts - 5,051 Bank charges 1,702 5,444 Coaching costs 45,492 34,910 Depreciation 10,819 8,922 Equipment and stock expenses 27,515 39,703 Operating expenses 66,751 55,623 Player expenses 56,241 31,047 Salaries and wages 90,332 106,146 Social and fundraising expenses 162,368 139,071 Tour expenses 332,196 - Finance expense 1,278 2,957 TOTAL EXPENSES 797,117 431,943 OPERATING PROFIT 61,048 74,422 Other comprehensive income - - TOTAL COMPREHENSIVE INCOME FOR THE YEAR 61,048 74,422 Page 8 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 SYDNEY CRICKET CLUB DRAFT STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2016 Notes 2016 2015 $ $ CURRENT ASSETS Cash and cash equivalents 66,503 303,046 Trade and other receivables 4 135,536 48,913 Inventories 12,014 7,524 TOTAL CURRENT ASSETS 214,053 359,483 NON-CURRENT ASSETS Property and equipment 5 99,805 80,014 TOTAL NON-CURRENT ASSETS 99,805 80,014 TOTAL ASSETS 313,858 439,497 CURRENT LIABILITIES Trade and other payables 6 59,704 245,057 Borrowings 7 50,200 38,651 TOTAL CURRENT LIABILITIES 109,904 283,708 NON CURRENT LIABILITIES Borrowings 7 3,333 16,216 TOTAL NON CURRENT LIABILITIES 3,333 16,216 TOTAL LIABILITIES 113,237 299,924 NET ASSETS 200,621 139,573 MEMBER'S FUNDS Retained earnings 8 200,621 139,573 TOTAL MEMBER FUNDS 200,621 139,573 Page 9 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 SYDNEY CRICKET CLUB DRAFT STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 APRIL 2016 Retained Earnings Total $ $ At 1 May 2014 65,151 65,151 Total comprehensive income for the period 74,422 74,422 At 30 April 2015 139,573 139,573 At 1 May 2015 139,573 139,573 Total comprehensive income for the period 61,048 61,048 At 30 April 2016 200,621 200,621 Page 10 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 SYDNEY CRICKET CLUB DRAFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016 1. Reporting Entity a) Sydney Cricket Club (the “Club”) is an Incorporated Association under the Associations Incorporation Act 1984 (NSW). This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act of New South Wales. The committee has determined that the Club is not a reporting entity. As the committee determined that the Club is not a reporting entity there is no requirement to apply applicable Accounting Standards or other authoritative pronouncements of the Australian Accounting Standards Board in the preparation and presentation of these financial statements. The report is also prepared on an accrual basis and is based on historic costs and does not take into account changing money values or, except where specifically stated, current valuations of non-current assets. The following specific accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this report: 2. Summary of Significant Accounting Policies a) Basis of Preparation The Club is incorporated under the Associations Incorporations Act 1984 (NSW) and the financial report is not required to be prepared in accordance with the Corporations Act 2001. The financial report of the Club has been prepared as a special purpose financial report for use by the Board and its members. The accounting policies used in the preparation of this financial report, as described below, are consistent with the previous years, and are, in the opinion of the Board, appropriate to meet the needs of members: i. The financial report has been prepared on an accrual basis of accounting including the historical cost convention and the going concern assumption. ii. The Club is not a reporting entity because in the opinion of the Board they are unlikely to have users of the financial report who are unable to command the preparation of reports so as to satisfy specifically all of their financial needs. The Committee has determined that in order for the financial report to present fairly the Club’s performance and financial position, the requirements of Australian Accounting Standards and other financial reporting requirements in Australia relating to the measurement of assets, liabilities, revenues, expenses and equity should be complied with. b) Statement of Compliance Certain Australian Accounting Standards and Interpretations have recently been issued or amended but are not yet effective and have not been adopted by the Club for the annual reporting period ended 30 April 2016. The directors have not early adopted any of these new or amended standards or interpretations. The directors have not yet fully assessed the impact of these new or amended standards (to the extent relevant to the Club) and interpretations. Page 11 SYDNEY CRICKET CLUB INCORPORATED FINANCIAL AND ANNUAL REPORT 2015-16 2. Summary of Significant Accounting Policies...Continued c) Property and Equipment Property and Equipment is carried at cost less, where applicable, any accumulated depreciation. The depreciable amount of all fixed assets are depreciated over the useful lives of the assets to the Club commencing from the time the asset was 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 carrying amount of fixed assets is reviewed annually by directors to ensure it is not in excess of the recoverable amount of these assets.
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