Annual Report

Annual Report 2017THE BRISBANE GOLF CLUB INC. Contents Office Bearers & Committee 2017 .................................. 04 President’s Report .................................. 06 Finance Report ...................................11 Course Report .................................. 12 Match Report .................................. 14 Honour Board & Major Event Winners .................................. 16 Member Services Report .................................. 18 Facilities Report .................................. 20 Membership Category List .................................. 21 Financial Statements .................................. 22 Notes to the Financial Statements .................................. 26 General Committee’s Declaration .................................. 40 Independent Audit Report .................................. 42 Attachments to the Financial .................................. 44 Statements List of Members Men as of 30 September 2017 .................................. 48 Ladies as of 30 September 2017 .................................. 58 Office Bearers & Committee 2017 President Mr John Kelly Vice-President Mr Philip Wikman Hon. Treasurer Mr Alistair McNee Captain Mr Stephen Deane Vice-Captain Mr Philip Fraser (Resigned January 2017) Mr Nicholas Woodley (Appointed February 2017) Committee Mr Patrick Dixon Mr Terry Campbell Ms Catherine Hammond Mr Geoff Moore (Appointed February 2017) General Manager Mr Geoff Kuehner Sub-Committees Finance, Audit and Governance: Mr Alistair McNee (Chair), Mr Philip Wikman, Mr Terry Campbell Course: Mr Stephen Deane (Chair), Mr Terry Campbell, Mr Philip Fraser, Mr Nicholas Woodley Match: Mr Stephen Deane (Chair), Mr Terry Campbell, Mr Philip Fraser, Mr Nicholas Woodley Member Services: Mr Patrick Dixon (Chair), Mr Philip Wikman, Ms Catherine Hammond Facilities: Mr Philip Wikman (Chair), Ms Catherine Hammond The President, Captain and Hon. Treasurer are ex-officio members of all Sub-Committees. 04 05 President’s Report positive feedback from you, attrition of members resigning Margie Maher and Nyrie The Club launched a new of the week. Along with our members, on the superb at the end of the financial Elcock who have reached information technology system our traditional events, the condition of the course. I know year. The marketing strategies the incredible milestone of during the 16/17 FY. The Committee introduced shorter the reconstruction has at created by our Member 60 years of membership. upgrade included new hardware forms of the game over the times stretched your patience, Services Sub-Committee for each operating department. summer to encourage use however on behalf of the under the leadership of Chair The Club is making continued The transition period caused of the Club during hotter Committee, I thank you for Patrick Dixon and General improvement in our little disruption to members months. It is a great credit your support during this time. Manager Geoff Kuehner have marketing, social media and and now provides the to Course Superintendent been vital to our continued communication with our Committee and management Mitch Hayes and his team The most significant capital membership growth. members and the outside team with a number of new for maintaining the course works undertaken during the golfing world. Communication tools to analysis our business. in such fine condition year was the construction of The Ladies, Let’s Golf program with our members remains Additionally, members are also given this amount of use. the chipping and putting practice is a great success and continues a strong part of our culture. experiencing faster transaction Implementation of the facilities adjacent to the 10th to grow. The Club instituted a Notes from the President, times and real-time reporting Landscape Master Plan also tee and the reconstruction of graduated learning program course reports from the for their Club card. Early in continued though 2017. the 21st hole. All 21 holes are of Bronze, Silver and Gold LLG Course Superintendent, “The the 17/18 FY a new Golf The rapid maturing of the now available for play and we membership that leads to full Deane Report” and the Ladies’ Module will be launched that plantings over the past year On behalf of the General have the flexibility to play both membership. The program Committee’s “News from the will deliver further numerous has been extraordinary and is Committee, I am pleased to the Yeerongpilly and Chelmer is the major source of new Red Tees” provide regular and benefits for our members. very obviously adding to the present the 121st Annual layouts on a regular basis. women members to the Club. interesting information to our beauty of our course. Thank Report to the members Following structural inspections Since its inception in 2014, members. We have a very Our members are using you to the volunteers who have of The Brisbane Golf Club. of our aging bridges, the over 86 ladies have joined the active website and Facebook the course more and more. continued to assist the course Committee decided to replace program; 36 have graduated page that provide lots of regular This year just under 60,000 staff in implementing the Plan. This year saw the completion the bridges on holes 14 and to Full Club memberships news and entertainment. rounds were played, with of our green reconstruction 21 that were found to be in with 30 still working their way the course busy every day To minimise future impacts on program with all course and a very poor state of repair. through the program. The practice putting surfaces now Ladies’ Committee members, stolonised with ‘Champion’ Our ongoing membership led by Vivienne Cassidy and ultra-dwarf bermuda. Our drive has continued to be an Vicki McDonald, co-ordinated a course continues to mature outstanding success with team of over 40 volunteers to and improve as does our course 161 new members joining provide on-course escorts for status. We again received this year. These included 30 the LLG program and to provide high praise from the players, Provisional Members, 21 Six- assistance in assimilating sponsors and the Australian Day Members, 52 Transition the new members into Club PGA following this year’s Isuzu Members, 35 Junior Members life. Congratulations ladies - Queensland Open and the and 23 Ladies, Let’s Golf an outstanding contribution. Legends PGA Tour Pro-Am. Members. Their entrance Whilst we maintain our ranking fees and subscriptions have Congratulations to Helen in the Top 100 Golf Courses in substantially contributed to the Hudson (1952) and Keith Australia, it was also pleasing growth in our annual revenue. Cockburn (1957) who were to be voted Queensland’s Capacity for male members in endowed with life membership favourite golf course this year the Full, Six-Day and Transition at last year’s Annual General and the Australia’s fourth membership categories was Meeting for their long and favourite. More importantly, reached in April 2017. However, significant contributions the Committee and staff are there are now a small number to The Brisbane Golf Club. continually receiving very of vacancies due to the natural Congratulations also to 06 07 members the Committee, in program for the year and Championships, with 18-year consultation with the Course meet its debt repayment old Lawry Flynn and 16-year Superintendent, has approved obligations. Hosting the Isuzu old Isabelle Simpson our 2017 a maintenance program that Queensland Open was factored Club Champions. Both are requires all major course into our budget, but with so exceptional young people with works to be undertaken over many unknowns, especially terrific talent and a bright future the Christmas period between in regard to attendances, the in the game. Lawry Flynn is a Closing Day and Opening Day. exact cost was always going member of the Queensland to be difficult to forecast. Academy of Sport Golf Program The 2017 Isuzu Queensland Despite the additional costs and the Queensland Men’s Open was again held at the end incurred, the branding and Interstate Team. Isabelle is of October. The event continues awareness generated by also the winner of the Titleist to give us exposure, enhances this event has been critical 2-Day Winter Classic held our reputation, is an attraction to our recent success. at Keperra Golf Club in July. for new members, and gives us an increased sense of pride in Over the past three years I am Other notables include: our Club. By these measures, pleased to report that our cash the Open was an outstanding operating profit has increased • Louis Dobbelaar, success. I thank members for from $1,027 million in 2014 to a member of the their support and involvement, $1,480 million this year. This Queensland Academy of for giving up their course for represents an improvement Sport Golf Program and the week of competition, of almost $500,000. the Queensland Men’s scholarship with a Tier 1 golfing college in and for volunteering Interstate Team, winner of West Carolina in the USA. The Committee’s working relationship with the to help run the event. Our members have achieved the Gary Player Classic for • Sam Slater, Junior Club Champion and Ladies’ Committee during 2017 has never been outstanding success at 16-17 year olds, and the Queensland Schoolboys Champion. closer. Ladies’ Committee members served The 2017 Legends Pro-am home and in interclub, Jack Newton International • Raeann Shields, runner up (and winner of on the Member Services Sub-Committee held in July was well supported national and international Junior

Load more