Ss1551 Rabbitohs
CHAIRMAN’S REPORT 14TH ANNUAL REPORT CHAIRMAN’S REPORT Dear Members, temporary residence within the Junior’s facility in Kingsford while we await the construction of our new As you will see from the report of our Chief Financial Officer, the Community High Performance Centre at Heffron Park. 2019 season was another successful one for our Club. A preliminary final appearance under new Head Coach, Wayne Bennett, and a very healthy financial result, are outcomes that 6 should make Members very proud indeed. Like close siblings, our two organisations are reliable and In financial terms, a Football Club profit before tax and supportive partners who come to each other’s aid when needed. extraordinary items in excess of $1.2m is a result looked upon Just as the Juniors have always supported us in times of need, we, with envy by many of our competitors, particularly given the the Football Club and Member Co., have responded to their call as underlying increase in revenues of $1.5m over the 2018 year, with they meet some short-term challenges. I commend Keith McCraw our cash reserves climbing to $5.77m as at 31 October 2019. and his Board on all they have achieved in the extraordinary circumstances they have faced. And of course, we will continue to These results are, in large part, due to the hard work of our CEO, stand side by side with them as they embark on a new and exciting Blake Solly, and his Executive team, all of whom have been phase of their proud history.
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