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SYDNEY ROWING CLUB LIMITED 2019 ANNUAL REPORT 149TH ANNUAL REPORT AND FINANCIAL STATEMENTS 2018 – 2019 SYDNEY ROWING CLUB ANNUAL REPORT 2019 SYDNEY ROWING CLUB LIMITED OFFICE BEARERS 2018 – 2019 PATRON Her Excellency the Honourable Margaret Beazley AO QC Governor of New South Wales PRESIDENT Keith Jameson OAM VICE PRESIDENTS Stephen Handley Michael Morgan OAM CAPTAIN Simon Nola VICE CAPTAIN Edward White (Part year) Stephen Graham (Part year) FINANCE DIRECTOR Scott Turner DIRECTORS Kirsten Liljeqvist David Sollom, Susanne Thiebe GENERAL MANAGER Peter Grosvenor HEAD COACH Donovan Cech 3 SYDNEY ROWING CLUB ANNUAL REPORT 2019 PRESIDENT’S MESSAGE GENERAL MANAGER’S REPORT I hope I can be excused if I I am extremely pleased to report appear somewhat proud of the that the club has experienced club’s achievements this year. another successful year both on The fact is that the club has had and off the water. one of its best years ever. On the Firstly, I congratulate our water there were many coaches and athletes on their outstanding performances over excellent efforts, which have the season, across the board and produced some outstanding at all levels in the sport, and results. I encourage you to read financially, we are reporting a the Captain’s report for the full record profit. details of this year’s successes. There are many reasons for The Club posted a record profit this success but as always, most for the year, the best financial importantly, we have very many good people in the club at the result in its 149-year history. While this is a pleasing result, it is moment. Underpinning all our activity is the continued viability also important to note that the club continued to increase its and prosperity of our licensed club. Our General Manager Peter financial support for the rowing program. Grosvenor and his staff work very hard and are constantly striving to improve what is already a highly successful operation. With The result was driven by a significant increase in clubhouse much thought and effort, they manage each year to improve the trading as an outcome of changes to our food and beverage club’s services and facilities and at the same time keep careful facilities completed in December 2017. The decision to remove control over costs. the formal dining facility and replace this with an improved In the boatshed, our staff coaches have all enjoyed success casual dining experience proved to be very successful. The over the season and provide a very high level of support to changes included the expansion and refurbishment of the our rowers. Our coaches are a highly effective team and a club’s kitchen facilities, the construction of a new café and pleasure to work with. Our members have demonstrated great improvements to the menu design and food quality. Since the athleticism, commitment and persistence, and richly deserve work has been completed, we have experienced a significant their success. Furthermore, we can be very proud of the club’s increase in group bookings, indicating that members are rowing culture of support for each other and the focus on confident with our new offer and prepared to invite guests to the enjoyment in the sport as well as achievement in competition. club to celebrate their milestone occasions. Despite increases to The club’s performances over the season are set out elsewhere wages, electricity and insurances during this period we managed in this report, in the Captain’s Report and in the very long list to increase our bar net profits by 23%. This was a significant of winning crews. But I will mention in particular the club’s very achievement. good showing in Under 21 men’s and women’s rowing, the The club’s gaming operations also performed well for the success of NSW at the Interstate Regatta with crews in which our 12-month period with a better than budget result and a 4% athletes and coaches played a significant part, our presence again increase in revenues compared to the previous year. This was at Henley Royal Regatta with a strong team and the win of our a pleasing result considering that other clubs across the state men’s coxless four in the Wyfold Cup, and our strong presence reported declines in club gaming revenue. in Australian representative crews again this year. I congratulate Membership subscriptions numbers were close to 13,000, our athletes and their coaches on their results and I wish them all providing a consistent and pleasing result. We should take success in the coming season. great confidence from the fact that SRC is continuing to After more than 20 years as manager of the club’s teams to provide a popular destination which attracts such high levels of Henley Royal Regatta, Michael Rowan has stepped down from membership. this role, and the team this year was managed by Jim Stride. Early in the season we completed a major refurbishment of Looking forward, it is expected that the year to come will the upstairs area of the boatshed, and we now have a very be interruption free and will allow us to focus on providing flexible area that is a rowers’ common room, a lounge area, a a full complement of services to our members. Progress on meeting space, and a comfortable function room, in various future building plans has also been made, with a Development configurations. We also took the opportunity to place on display Application now lodged with Canada Bay Council to increase many items from the club’s collection of photographs and seating, car parking and rowing facilities. This application is memorabilia. currently being considered by council. As President I am extremely fortunate to have the support of a I would like to take this opportunity to thank the Dedes very capable, experienced, dedicated and hard-working Board Group including Con and Kerrie Dedes and their team for of Directors. I thank my colleagues for their enthusiasm and delivering such a wonderful dining experience and being such persistence and continued efforts for the club. They work well a professional team for the club to be associated with. Meeting together and the many hours that we spend in Board meetings customers’ expectations within the current market is becoming are most enjoyable and a great source of satisfaction. increasingly difficult and Con and Kerrie should be commended Our long and mutually successful partnership with the Dedes for exceeding these. Group remains in place and I thank Con and Kerrie and their It is important to thank the exceptional SRC Board, management staff for their efforts to maintain the high standards of service and and staff who are strongly committed to the club, are highly quality in the club’s restaurant areas. passionate about our product and consistently provide high The club continues to be an important part of the local levels of support to both myself and the members. community and we are grateful for the strong support we receive Finally, I thank the members for their ongoing support of SRC from members, guests and visitors who are coming to the club in and look forward to an exciting year to come. increasing numbers to enjoy the facilities of the club. Peter Grosvenor Keith Jameson General Manager President 4 SYDNEY ROWING CLUB ANNUAL REPORT 2019 CAPTAIN’S Report up of NTC athletes Kendall Brodie, Spencer Turrin, Josh Hicks, Angus Moore, Nathan Bowden and Sam Hardy, with club athletes Sydney Rowing Club continues Alex Nichol, Alex Potter and Hamish Macdonald doing a fantastic to show tremendous strength job, contributing to what was a world class performance by some across a number of boat classes of our best male athletes. and age groups. From Under 17 women’s scullers Lily Gavan and Owing to the combined efforts of our elite squads the club Sarah Abrams winning the NSW was successful in winning the overall point score for the NSW Championship, to our Men’s Championships. President Keith Jameson proudly accepted Masters Eights defending their the trophy for Sydney Rowing Club for the first time since Gold Cup Title, the club has 2001. Winning the NSW Championship point score is a been extremely well represented particularly impressive feat given that in recent years the NSW and I am incredibly proud of all Championships has been a vital regatta for Senior A athletes of our athletes for working wishing to be selected in the national team, requiring athletes together to show the world how from around Australia to travel to Penrith and perform at their great our club is. best in order to be invited to the next round of selection trials. The upstairs section of the boatshed has been transformed At the 2019 Australian Championships the New South Wales to a modern, comfortable and functional Athlete Lounge. It is Rowing team made history by winning all four of the Interstate pleasing to see the area being utilised for relaxing and socialising Eights races. The team was bolstered by 27 SRC athletes and when our athletes are finished training. The area will also ensure coaches and the historic triumph was enough to secure the that visitors to our club and new members feel comfortable and Rowing Australia Cup for NSW. This level of representation in welcome. interstate crews is very pleasing to see, and along with the World Cup results for 2019, goes to prove the old adage: “If Sydney Sadly, we said farewell to Jason Baker from the coaching staff in Rowing Club is successful, then New South Wales Rowing will 2018, but we welcomed his replacement Franz Imfeld. The club’s be successful.

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