NEW SOUTH WALES OLYMPIC COUNCIL INCORPORATED 2008 ANNUAL REPORT
NEW SOUTH WALES OLYMPIC COUNCIL
Contents
The New South Wales Olympic Council is pleased to present the 2008 Annual Report, on the occasion of the Annual General Meeting, Wednesday 25 March 2009 at the Ian Thorpe Theatrette at NSWIS, Sydney Olympic Park.
2008 President’s Report 3
Members of the Executive 5
Life Members & Order of Merit Award Recipients 6
2008 Olympic Games in Beijing 7
2008 Year in Review: Executive Director 13
Team Fundraising 14
Team Welcome Home Celebrations 16
2008 Order of Merit 17
2009 Australian Youth Olympic Festival 17
Olympic Education 18
Olympians Club of NSW: President’s Report 20
Australian Olympic Team Partners & Suppliers 2009 - 2012 21
NSWOC Member Organisations 22
NSWOC Statement of Accounts 2008 25
All photos Courtesy GETTY IMAGES
CONTACT: New South Wales Olympic Council Level 3, 1 Atchison Street PO Box 312 ST LEONARDS NSW 2065 Tel. 02 8436 2100 Fax. 02 8436 2197 www.olympics.com.au/nsw 2008 ANNUAL REPORT p. 2
NEW SOUTH WALES OLYMPIC COUNCIL
2008 President’s Report
As we reflect on the past twelve months, the highlight which eclipsed all else was without a doubt the Beijing Olympic Games. The Australian Team returned home with 46 medals (14 gold, 15 silver, 17 bronze) and a swag full of wonderful memories. Of the 435 Olympians in the 2008 Team, 104 were from NSW (24%) and of that number 28 NSW athletes won a medal in Beijing. Congratulations to all our Beijing Olympians!
Whether a medallist or not, they all competed with honesty, dignity and courage – sometimes overcoming seemingly impossible odds – to make the Olympics what it is – an unqualified celebration of sport and noble sportsmanship. Special mention should also go to those coaches, officials and administrators whose committed efforts behind the “field of play”, so ably supported and encouraged our athletes to achieve their dreams.
In support of the Australian Team, the NSWOC fundraising culminated in $1.84m at year’s end, which well exceeded our target of $1.38m. Our sincere appreciation is extended to the Chairman, John Conde, and the NSW state and regional committee members who worked so diligently to achieve such an outstanding result. We are pleased to confirm that John Conde has agreed to remain Chairman of the NSW Corporate Fundraising Committee to spearhead our fundraising for the 2012 London Games.
On the education front, 2008 saw 309 young students receive the Pierre de Coubertin Award, realising an increase on 2007 numbers. On 27th June 100 students attended an Olympic Workshop before being presented with their certificates by Olympian Sarah Ryan. A number of volunteers from the Workshop subsequently met with four past recipients to develop an Olympic Values Activity which they presented to 100 students of St Euphemia College, Bankstown in Term 4.
NSWOC was honoured to acknowledge our nominee, Debbie Watson, 2000 Gold medallist (Water Polo) as the recipient of the 2008 IOC Women & Sport Award for Oceania, as well as Victoria Roberts, 2000/2004 Olympian (Rowing) and past member of the AOC Athletes Commission, who represented the AOC at the Young Participants Session of the International Olympic Academy, Greece.
We gratefully recognise the financial support of the AOC and NSW Sport and Recreation which provides a valuable basis for our work. The close working relationship we enjoy with their Executive and staff supplements our own efforts in promoting the Olympic Movement throughout the state. Throughout the year, NSWOC staff have worked in cooperation on major projects or been involved in consultative committees to assist both organisations to achieve their goals. Once again, the NSW Department of Education and Training assisted with the state-wide distribution of the Pierre de Coubertin nomination forms.
At the 2008 Annual General Meeting we presented the NSWOC Order of Merit to David Morgan Williams (Chairman, Illawarra Fundraising Committee) and Andrea Webster (Event Manager) in recognition of their contribution to the work of the Council. We also welcomed Peter Lozan, President, NSW Swimming, to the Executive, following his election to fill the casual vacancy created in late 2007.
As advised at the AGM, the 2008 Financial Statements show the gift by deed of $50,000 to the Australian Olympic Foundation (AOF). This is in addition to the gifting of $470,000 in 2007, making a total contribution of $520,000 to the AOF. The Executive are currently exploring ways to further our objectives using the special grant this “gifting” generates.
2008 ANNUAL REPORT p. 3
NEW SOUTH WALES OLYMPIC COUNCIL
It was with sadness that we noted the passing of a number of our Olympic family, including Stuart Alldritt OAM, who was the long standing delegate for NSW Swimming and a recipient of the NSWOC Order of Merit. His contribution to swimming over the years is legendary and he will be missed.
My sincere thanks are extended to James Edwards, Monique Fermin and the NSWOC Executive for their commitment and on-going support in a year of heightened activity. I would particularly acknowledge the contribution of Monique Fermin to the work of the Council over the past two years. Regretfully, she has left us to pursue a career in event management with the Sony Foundation, and we will miss her professional work and cheerful cooperative spirit in so many ways.
Just as the Beijing Olympics showed us that the world can pull together and “live as one”, sharing the highs and lows of human endeavour, and rejoicing in the excellence of the human spirit as demonstrated by our athletes, let us look forward to London in 2012 with vigour and enterprise.
Helen Brownlee OAM President
2008 ANNUAL REPORT p. 4
NEW SOUTH WALES OLYMPIC COUNCIL
Members of the Executive
President Helen Brownlee OAM
Vice Presidents J. Doug Donoghue AM Geoff Davidson
Executive Board Shane Alvisio Peter Hadfield OAM Robert J Lawton Linda McLaren Peter Lozan
Executive Director James Edwards
2008 ANNUAL REPORT p. 5
NEW SOUTH WALES OLYMPIC COUNCIL
Life Members
Sir Harold Alderson KCMG MBE KStJ (d) Sydney Grange AO OBE MVO (d) William Young OAM MBE (d) Doris Magee AM MBE (d) Phillip Coles AM Arthur Tunstall OBE John Coates AC John Devitt AM Norman May AM Clive Lee AM Dawn Fraser AO MBE Helen Brownlee OAM
Order of Merit Award Recipients
Lionel Cox OAM Keith Bowler OAM Stuart Alldritt OAM Dr Bill Webb OAM Bob Elphinston OAM Alex Fulcher OAM MBE Jim Bosnjak OAM John Treloar AM Pam Tye AM Robert Lawton Leslie Neal OAM Kevin McCann OAM Frances Crampton OAM Ken Brown AM FCPA Mike Fletcher OAM John Conde AO Charles Turner Bruce McHugh Ken Page Ralph Cashman OAM Betty Moore Robert Adby David Morgan Williams Andrea Webster
2008 ANNUAL REPORT p. 6
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Olympic Games in Beijing
Australia completed the 2008 Olympic Games in Beijing with 46 Medals, including 14 Gold, 15 Silver and 17 Bonze. Australian finished 5th on the Overall Medal Tally and 6th on the Gold Medal Tally. Of the 435 Olympians in the 2008 Team, 104 were from NSW. This represents 24% of the total number of Olympians.
Of the 753 members of the Australian Team (Athletes and Officials), 218 were from NSW. This represents 29% of the overall Team.
124 Australian Olympians won a medal in Beijing, including 28 from NSW. This represents 22% of all Australian medallists. Further, 27% of all Olympians from NSW returned from Beijing with a medal.
Australian Olympians from New South Wales
Youcef Abdi Athletics Edwina Alexander Equestrian - Jumping Ben Austin Sailing Angie Bainbridge Swimming Gold Medal, 4 x 200m Freestyle Relay George Barton Shooting Kate Bates Cycling - Road Suzy Batkovic Basketball Silver Medal Robin Bell Canoe/Kayak - Slalom Bronze Medal, Slalom C1 Luke Boyd Boxing Kyla Bremner Wrestling - Freestyle Mark Bridge Football Grant Brits Swimming Bronze Medal, 4 x 200m Freestyle Relay Graeme Brown Cycling - Track Darren Bundock Sailing Gold Medal, Tornado Class Nicole Callisto Cycling - BMX Richie Campbell Water Polo David Carney Football James Chapman Rowing Rod Chisholm Rowing Jessica Crisp Sailing Alexandra Croak Diving Nikita Cuffe Water Polo Bronze Medal Lara Davenport Swimming Gold Medal, 4 x 200m Freestyle Relay Michael Diamond Shooting Casey Eastham Hockey Sophie Edington Swimming Angela Farrell Sailing Adam Federici Football Lexie Feeney Archery Trent Franklin Water Polo Myriam Glez Synchro Swimming Taniele Gofers Water Polo Bronze Medal Karyn Gojnich Sailing Stuart Gomez Badminton Matthew Gray Archery Peter Hardcastle Rowing Benn Harradine Athletics Francis Hegerty Rowing Silver Medal, Coxless Four Belinda Hocking Swimming Kate Hollywood Hockey Amy Ives Rowing Lauren Jackson Basketball Silver Medal 2008 ANNUAL REPORT p. 7
NEW SOUTH WALES OLYMPIC COUNCIL
Elizabeth Kell Rowing Torsten Lachmann Canoe/Kayak - Flatwater Tom Laurich Rowing Jacqueline Lawrence Canoe/Kayak - Slalom Silver Medal, Slalom K1 Samuel Loch Rowing Luke Madill Cycling - BMX Alicia McCormack Water Polo Bronze Medal Brad McGee Cycling - Track Sam McGregor Water Polo Chantal Meek Canoe/Kayak – Flatwater Bronze Medal, Flatwater K4 500m Joel Milburn Athletics Mark Milligan Football Lachlan Milne Canoe/Kayak - Slalom Matthew Mitcham Diving Gold Medal, 10m Platform Victoria Mitchell Athletics Kenrick Monk Swimming David Moore Shooting Simmone Morrow Softball Bronze Medal Iain Murray Sailing Stuart Musialik Football Michael Naray Archery Daniel Noonan Rowing Jade North Football Anthony Nossiter Sailing Kristy Oatley Equestrian - Dressage Nathan Outteridge Sailing Malcolm Page Sailing Gold Medal, 470 Class Andrew Palfrey Sailing Semir Pepic Judo Stacey Porter Softball Bronze Medal Warren Potent Shooting Bronze Medal, Rifle 50m Prone Brooke Pratley Rowing Marty Rabjohns Rowing Lachlan Renshaw Athletics Rebecca Rippon Water Polo Bronze Medal Shane Rose Equestrian Silver Medal, Eventing - Team Heath Ryan Equestrian - Dressage Matthew Ryan Rowing Silver Medal, Coxless Four Dani Samuels Athletics Jenna Santoromito Water Polo Bronze Medal Mia Santoromito Water Polo Bronze Medal Glen Saville Basketball Jane Saville Athletics Tony Schumacher Canoe/Kayak - Flatwater Jennifer Screen Basketball Silver Medal Hassan Shahsavan Wrestling - Greco-Roman Janelle Shepherd Judo Matthew Simon Football Tom Slingsby Sailing Dave Smith Canoe/Kayak - Flatwater John Steffensen Athletics Craig Stevens Swimming Stephen Stewart Rowing Zoe Uphill Rowing Natalie Ward Softball Bronze Medal Thomas Whalan Water Polo Nathan Wilmot Sailing Gold Medal, 470 Class Oenone Wood Cycling - Road Gavin Woods Water Polo Belinda Wright Softball Bronze Medal Kerry Wyborn Softball Bronze Medal Ruben Zadkovich Football 2008 ANNUAL REPORT p. 8
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Olympic Medallists from New South Wales
Photos courtesy Getty Images
Top: Angie Bainbridge; Darren Bundock and Glen Ashby. Middle: Suzie Batkovic and Lauren Jackson; Nakita Cuffe. Base: Robin Bell; Sophie Eddington and Lara Davenport.
2008 ANNUAL REPORT p. 9
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Olympic Medallists from New South Wales
Photos courtesy Getty Images
Top: Grant Brits (3rd from right), Alicia McCormack (far right). Middle: Taniele Gofers (left), Jacqueline Lawrence, Base: Simmone Morrow, Chantal Meek (2nd from left)
2008 ANNUAL REPORT p. 10
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Olympic Medallists from New South Wales
Photos courtesy Getty Images
Top: Malcom Page and Nathan Wilmot, Matthew Mitcham Middle: Belinda Wright and Natalie Ward, Warren Potent Base: Jennifer Screen, Mia and Jenna Santoromito
2008 ANNUAL REPORT p. 11
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Olympic Medallists from New South Wales
Photos courtesy Getty Images
Top: Kerry Wyborn, Frances Hegerty (left) and Matthew Ryan(Right) Middle: Rebecca Rippon Base: Stacey Porter, Shane Rose
2008 ANNUAL REPORT p. 12
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Year in Review: Executive Director
The role of the NSW Olympic Council is primarily to undertake fundraising activities for the Australian Olympic Team and promote the Olympic Movement through education programs.
2008 saw a significant increase in fundraising activities throughout New South Wales with several large events held throughout the State. Momentum and interest in the 2008 Team steadily built in the Olympic Year in the countdown towards the Opening Ceremony of the 2008 Olympic Games on 8.8.08.
The NSW Olympic Council surpassed its target of $1.38 million, raising $1.84 million for the 2008 Team Fund. All monies raised went directly to sending the 2008 Australian Olympic Team to Beijing.
NSW was privileged to enjoy the support of our Fundraising Committees which contributed a tremendous amount of monetary and moral support for the 2008 Team. Committees in Sydney, the Hunter, Illawarra, Central Coast and the Chinese Community represented leaders in commerce and the community. They worked tirelessly to ensure the Team was properly supported by business in NSW and they collectively managed to ‘sell out’ each event held in 2008.
Whilst the primary focus of the fundraising events are to raise funds for the Team, they serve many positive purposes. They showcase the Olympic Movement and enable business communities and the general public the opportunity to mingle with Olympians and be a part of the athlete’s journey to the Olympic Games. Importantly, our major events are well attended by Olympians, giving them the opportunity to keep in touch and lend their support to the current Team.
My thanks go to Helen Brownlee, Doug Donoghue and members of the NSWOC Executive for their support throughout the very busy fundraising event calendar of 2008. In particular, my thanks go to Monique Fermin who added a significant contribution to the entire NSWOC program. Monique worked tirelessly between October 2006 – January 2009, especially with the Team fundraising events. She was an essential part of the ‘Out of Village’ group during the Olympic Games, as well as the Welcome Home Celebrations throughout Australia. We all wish Monique the best of luck.
With less than one year to go until the 2010 Olympic Winter Games in Vancouver we look forward to assisting our winter athletes in their Olympic journey.
James Edwards Executive Director
2008 ANNUAL REPORT p. 13
NEW SOUTH WALES OLYMPIC COUNCIL
Team Fundraising
Fundraising for the 2008 Australian Olympic Team was heavily supported AOC (NSW) Fundraising by the business communities in Sydney and throughout New South Wales. Committee – Beijing 2008 The most pleasing element to all the events was the genuine enthusiasm shown for the 2008 Team as well as the support of the events by the Patron current 2008 Team Members and all Olympians. The NSW Olympic Council The Hon. Nathan Rees MP set an ambitious calendar of fundraising events to assist the Team and Premier of New South Wales was greatly supported by the extraordinary Fundraising Committees, as detailed below. Chairman John Conde AO The AOC’s (NSW) Fundraising Committee Chaired by John Conde AO, ran two major appeal dinners leading into Beijing. The first was ‘One Year to Deputy Chairman Go’ on 8 August 2007 – which raised just over $500,000 for the Team. The Doug Donoghue AM Second dinner ‘Bound for Beijing’ was held on 14 May 2008 and improved from the first event to raise $600,000. The Committee has therefore raised Fundraising Committee over $1.1 million for the 2008 Team – an outstanding result. Tony Berg AM Marcus Blackmore AM ‘Bound for Beijing’ Appeal Dinner - 14 May 2008 Bonita Boezeman AO The ‘Bound for Beijing’ Athlete Farewell Dinner was held on 14 May at the Mark Bouris Sydney Convention & Exhibition Centre - the major fundraising event in Liz Cacciottolo the NSW Olympic calendar. Over 800 guests enjoyed a unique Olympic Angela Clarke evening with 80 Olympians attending. Her Excellency Professor Marie John Coates AC Bashir AC CVO, Governor of New South Wales addressed all guests and Peter Cosgrove AC MC delivered an inspirational speech to the athletes of the 2008 Team. Charles Curran AC Sydney’s business community heavily supported the appeal dinner and a Terry Davis total of $600,000 was raised for the Team. Geoff Dixon Michael Grace AM
James Graham
Ross Grant Phillip Green Nick Greiner AC Tony Harrington Bill Ireland Doug Jukes Tom King OAM Lionel Lee Sally Loane Bruce Mansfield Nicholas Moore Max Moore-Wilton AC Lachlan Murdoch Ken Page Rod Pearse Simon Poidevin OAM Paul Ramsay AO Rod Read Andrew Roberts Steven Sargent Warwick Smith David Smithers AM John Thorpe AM John Walton AM
2008 ANNUAL REPORT p. 14
NEW SOUTH WALES OLYMPIC COUNCIL
Hunter Appeal Dinner - 28 February 2008 The Hunter Appeal Dinner held at Wests Leagues Club on 28 February. It set the benchmark for the year’s events and was a great success. With approximately 330 guests and twenty Olympians, the Hunter Fundraising Committee chaired by Phil Neat exceeded their target and raised $70,000 for the 2008 Team.
Illawarra Appeal Dinner - 12 March 2008 The Novotel Northbeach, Wollongong hosted the Illawarra Appeal Dinner on 12 March – the largest of our regional appeal dinners with 390 guests and thirty Olympians. David Morgan Williams led the Illawarra Fundraising Committee which raised $45,000 for the Team.
Carbine Club Olympic Luncheon - 14 March 2008 On 14 March, the Carbine Club (NSW) ran an ‘Olympic Lunch’ at the Four Points Hotel, where they made another very generous donation of $25,000 to the 2008 Team Fund (matching their initial donation of $25,000 from 2007) and bringing the total contribution to $50,000.
Chinese Community Team Appeal Dinner - 13 June 2008 Sydney’s Chinese Communities combined to run an appeal dinner for the 2008 Team at China Grand Restaurant, Market City on 13 June. Organised by the Chinese Youth League and the Chinese Australia Forum, many Olympians and AOC Executive attended along with an outstanding show of support for the Team by current and former NSW and Federal politicians including former Prime Minister, Mr Bob Hawke. The support for the Team was very generous and raised $60,000.
The Central Coast - 21 June 2008 The Central Coast ran an appeal dinner for the Team on 21 June. The event, attended by over 250 guests and thirty Olympians, promoted the Olympic Movement superbly with an abundance of Olympic Spirit and raised $20,000 in the process.
Billich Art Gallery - 25 June 2008 Billich Gallery in The Rocks once again supported the Australian Olympic Team by hosting a ‘Launch’ of Chinese Olympic Art on 25 June. The live auction of one painting signed by many Olympians secured $7,500 for the Team Fund.
2008 ANNUAL REPORT p. 15
NEW SOUTH WALES OLYMPIC COUNCIL
Team Welcome Home Celebrations
In the weeks post-Beijing, the NSW Olympic Council contributed considerable support to the AOC to organise the 2008 Team’s Welcome Home Parade. The national tour of the ‘Happy Homecoming Celebrations’, presented by Olympic Team Partner Bankwest began in Sydney on 15 September 2008. Over 180 of the 2008 Team members (including 96 Olympians and sixty two medallists) participated in the Sydney Parade up George Street with a Civic Reception at Town Hall and Team Function at the Sydney Opera House.
The Team were amazed at the enthusiasm and gratitude expressed by the many thousands of people who lined George Street to cheer them on. Media interest in the Team was significant with all outlets represented and Olympic television broadcaster Channel Seven televising the Sydney parade nationally. The Hon. Nathan Rees MP, Premier of New South Wales together with the Hon. Clover Moore MP, Lord Mayor of Sydney presented the ‘Keys to the City’ to the 2008 Australian Olympic Team.
2008 ANNUAL REPORT p. 16
NEW SOUTH WALES OLYMPIC COUNCIL
2008 Order of Merit
NSW Olympic Council’s Order of Merit was awarded in 2008 to two distinguished recipients who have been integral members of the Australian Olympic family since the Atlanta 1996 Olympiad and were still actively involved in the Beijing 2008 campaign - Mr David Morgan Williams and Mrs Andrea Webster.
David Morgan Williams first chaired the Illawarra’s Fundraising Committee for Atlanta 1996 and has been Chairman since, through the campaigns of Sydney 2000, Athens 2004 and now Beijing 2008. He has greatly assisted in the preparation for each Olympic Team, both raising funds and promoting the Olympic Movement to Wollongong and the Illawarra.
Andrea Webster has been a valued member of the Olympic family since the Atlanta 1996 Olympiad as our perennial Event Producer of Sydney’s major appeal dinners. Andy continues to deliver outstanding large-scale fundraising dinners - showcasing the Olympic Movement and greatly assisting in raising funds for the Team. In 2008 Andy also produced the Australian Olympic Team Reception in Beijing on the eve of the Opening Ceremony.
2009 Australian Youth Olympic Festival
The start of 2009 has already seen the AOC staging the fifth edition of the Australian Youth Olympic Festival (AYOF) in Sydney from 14 – 18 January. Over 1,600 athletes and officials from 30 nations competed in seventeen sports in what has been widely regarded as the ‘best Games’ so far. Many NSW athletes were represented in the Australian Team. Equally, many NSW Officials were heavily involved assisting their State and National Federations to stage the Festival. The competition was once again intense as our future Olympians gained a simulated Olympic Games experience of a large scale multi-sport competition.
2008 ANNUAL REPORT p. 17
NEW SOUTH WALES OLYMPIC COUNCIL
Olympic Education
2008 Pierre de Coubertin Awards The 2008 Pierre de Coubertin Awards recognised 309 New South Wales (NSW) students from some 779 young people across Australia for their participation in sport and their demonstration of the Olympic values. The number of recipients increase each year and is indicative of the value placed on the Award by the schools who nominate students.
In NSW the Olympic Academy Day and Award Presentation was conducted at the Sydney Olympic Park Sports Centre on 27 June for 100 students from a total of 309 recipients. The students were engaged in a program of activities delivered by Olympians covering drug education (Joanne Carter, Figure Skating, Torino 2006) and the Olympic experience from Myriam Glez, (Synchronised Swimming, Sydney 2000, Beijing 2008)and Alexandra Croak (Gymnastics, Sydney 2000; Diving, Beijing 2008). Following an update on the 2008 Olympic Games and the Australian Olympic Team, Paul Wade OAM (Football, Seoul 1988) organised a physical activities session for the students on the Olympic Hockey pitch.
The Award Presentation was conducted in the Hall of Legends for an audience of 400 (students, parents and school representatives) with guest speaker Sarah Ryan OAM (Swimming, Atlanta 1996, Sydney 2000, Athens 2004). The NSWOC is indebted to the Sydney Sports Centre Trust who supported the Academy and Award Presentation by providing the venue free of charge. Thanks are also extended to the IOC Solidarity Program which provided financial assistance for the Awards in 2008.
The Pierre de Coubertin Awards continue to deliver by developing an understanding of the Olympic Movement among young people, promoting Olympians as role models, encouraging participation in sport and recognising the achievements of school students. The Awards form the framework to select young people to represent the AOC at the Olympic Youth Camps, the International Pierre de Coubertin Youth Forums, the Olympic Torch Relays and International Conferences.
A significant number of Pierre de Coubertin Award recipients have gone on to achieve success in their chosen sport, with a number selected to be Australian representatives at the Olympic or Paralympic Games.
2008 ANNUAL REPORT p. 18
NEW SOUTH WALES OLYMPIC COUNCIL
The CAF Squad As an extension of the NSW program, a group of 15 young Pierre de Coubertin Award recipients (from 2005, 2007 and 2008) formed the CAF (Citius, Altius, Fortius) Squad following the 2008 Academy Day. The CAF Squad met on several occasions to develop an interactive activity based on the Olympic Values for delivery to young people in schools. With the finalisation of their presentation to 100 students of St Euphemia’s College, Bankstown, these young people showed the wonderful capacity of youth to inspire youth!
A number of the CAF Squad enjoyed the experience of being a volunteer at the 2009 Australian Youth Olympic Festival, and it is intended to involve these enthusiastic young people in future NSWOC activities.
International Olympic Academy NSWOC were honoured to have their nominated candidate, Vicky Roberts, selected to represent the AOC at the 2008 International Olympic Academy in Ancient Olympia, Greece during June, 2008. Vicky was a Pierre de Coubertin Award recipient back in 1995, before going on to represent Australia in Rowing at the Sydney 2000 and Athens 2004 Olympic Games.
Olympic Day A large number of NSW Primary Schools registered their intention to organise an Olympic Day celebration on or around 20th June, 2008. The NSWOC worked closely with a small number of schools to coordinate an Olympian visit for their event. Alex Croak, Shelley Oates-Wilding, Belinda Wright, Lisa Critoph, Thomas Whalan, Melissa Medlicott, John Devitt, Biance Netzler and Morgan Endicott-Davies were just a few of the Olympians who visited schools and shared their experiences. For some remote schools, Olympians spoke to students using video conferencing technology coordinated by the AOC.
Ambassadors NSW Olympians endorsed by the AOC as Olympic Education Ambassadors include Nathan Thomas (Water Polo), Danielle Le Ray (Gymnastics), Cheryl Salisbury (Football), Thomas Whalan (Water Polo), Lisa Critoph (Synchronised Swimming), and Sarah Ryan (Swimming). Their role is to visit schools in their area encouraging active and healthy lifestyles and promoting the a.s.p.i.r.e. values.
In addition, Jo Carter, Debbie Watson and Vicky Roberts have delivered Live Clean Play Clean sessions to school groups, school sports teams and the national football team prior to their international tour.
2008 ANNUAL REPORT p. 19
NEW SOUTH WALES OLYMPIC COUNCIL
Olympians Club of NSW: President’s Report
NSW OLYMPIANS CLUB REPORT 2008
The Beijing Olympics were spectacular and on behalf of all members of the Olympians Club I congratulate all 2008 Olympians and the Team support staff for their efforts and performances during the Games. I wish to also send a cordial welcome to our latest members of the Olympians Club. You have joined an elite group and we look forward to you being involved in future activities.
I had the pleasure to be in Beijing during the Games and met with WOA President Dick Fosbury at the Visa Olympians Reunion Centre. Dick was lamenting the difficulty in attracting members in the United States and globally, to participate in large numbers in organised activities.
Our 3rd Olympians Club Lawns Bowls Day was conducted at the new venue of Paddington Bowling Club. Unfortunately the weather was not kind, but given the competitive nature of our group, a hastily organised pool competition and trivia event were conducted with the winners being inconsequential. Boxer, Rick Timperi was unanimously voted as the custodian of the perpetual Bowls Day trophy. The event will involve a change of format in 2009. We are moving indoors to contest a Ten Pin Bowling competition in the first half of the year. Stay tuned for details.
The Beijing Olympians Welcome Home event doubled as the Olympians Club Annual event in 2008. It was a pleasure to be a part of the celebration and those Olympians who attended I am sure enjoyed the opportunity to meet and celebrate with our latest members.
Sincere thanks to the AOC and the NSW Olympics Council for the support this year and a special thanks to James Edwards and Monique Fermin for their involvement and assistance.
Further thanks to the Committee for their efforts and encouragement throughout the year.
I would encourage all NSW Olympians to keep in touch. Please provide your contact details, especially email address, to the NSW Olympic Council so that we have an accurate database of members. I would ask all Olympians to contact their team mates and athletes in their respective sport so that we can expand the involvement of Olympians in our events.
As always it has been a pleasure to be your President this year. We will be conducting an Annual General Meeting in the near future and would ask those of you who would like to take on an active role in the Executive of the Olympians Club to contact myself or the NSW Olympic Council
Peter Hadfield OAM President Olympians Club NSW
2008 ANNUAL REPORT p. 20
NEW SOUTH WALES OLYMPIC COUNCIL
AUSTRALIAN OLYMPIC TEAM PARTNERS 2009 – 2012
AUSTRALIAN OLYMPIC TEAM SUPPLIERS 2009 – 2012
2008 ANNUAL REPORT p. 21
NEW SOUTH WALES OLYMPIC COUNCIL
NSW Olympic Council Member Organisations
AFFILIATED SPORTS
ARCHERY EQUESTRIAN Archery Society of NSW The Equestrian Fed. of Aust (NSW) Inc PO Box 563 PO Box 7077 MOSMAN NSW 2088 WETHERILL PARK BC NSW 2164 www.archerynsw.com www.efansw.com.au
ATHLETICS FENCING Athletics NSW NSW Fencing Assoc Inc PO Box 595 GPO Box 1654 SYDNEY MARKETS NSW 2129 SYDNEY NSW 2001 www.nswathletics.org.au www.nswfencing.org.au
BADMINTON GYMNASTICS NSW Badminton Association NSW Gymnastics Assoc Inc PO Box 717 PO Box 190 WILLOUGHBY NSW 2068 NORTH STRATHFIELD NSW 2137 www.badmintonnsw.org.au www.gymnsw.org.au
BASKETBALL HANDBALL Basketball NSW NSW Handball Assoc Inc PO Box 198 PO Box 6471 SYDNEY MARKETS NSW 2129 SILVERWATER NSW 2128 www.nswbasketball.net.au www.nswhandball.com.au
BOXING HOCKEY NSW Amateur Boxing Assoc Ltd Hockey NSW Inc 27 South Avenue PO Box 440 DOUBLE BAY NSW 2028 SYDNEY MARKETS NSW 2129 www.nswaba.org.au www.hockeynsw.com.au
CANOE ICE HOCKEY Paddle NSW NSW Ice Hockey Association PO Box 6971 PO Box 3266 SILVERWATER NSW 2128 NORTH STRATHFIELD NSW 2137 www.paddlensw.org.au www.nswicehockey.com.au
CYCLING ICE SKATING NSW Cycling Federation NSW Ice Skating Assoc PO Box 7209 PO Box 3266 BASS HILL NSW 2197 NORTH STRATHFIELD NSW 2137 www.nsw.cycling.org.au www.nswisa.com
DIVING ICE SPEED SKATING Diving NSW Ice Speed Skating Association of NSW 7 Clarence Street PO Box 443 TENAMBIT NSW 2323 ROSE BAY NSW 2029 www.divingnsw.org.au www.iceracingnsw.org.au
JUDO 2008 ANNUAL REPORT p. 22
NEW SOUTH WALES OLYMPIC COUNCIL
Judo Federation of Aust (NSW) TRIATHLON PO Box 6441 Triathlon NSW SILVERWATER BC NSW 2128 PO Box 386 www.judonsw.com.au SYDNEY MARKETS NSW 2129 www.trinsw.org.au MODERN PENTATHLON The Modern Pentathlon Assoc NSW VOLLEYBALL PO Box 3010 State Volleyball NSW Inc SOUTH YARRA VIC 3141 PO Box 4092 www.pentathlon.org.au ILLAWONG NSW 2234 www.nswvolleyball.com ROWING NSW Rowing Assoc Inc WEIGHTLIFTING PO Box 722 NSW Weightlifting Assoc GLEBE NSW 2037 PO Box 135 www.rowingnsw.asn.au SYDNEY MARKETS NSW 2129 www.nswweightlifting.com.au SAILING Yachting Assoc of NSW WRESTLING PO Box 6450 NSW Wrestling Assoc Ltd SILVERWATER NSW 2128 Level 1 / 167 Castlereagh Street www.nsw.yachting.org.au SYDNEY NSW 2000 www.nsw.wrestling.com.au SHOOTING NSW Shooting Assoc PO Box 393 TERREY HILLS NSW 2084 www.nswshooting.com.au
SNOW SPORTS NSW Snow Sports Ltd. PO Box 934 JINDABYNE NSW 2627 www.nswsnowsports.com.au
SWIMMING Swimming NSW Assoc Inc PO Box 571 SYDNEY MARKETS NSW 2129 www.nswswimming.com.au
TABLE TENNIS NSW Table Tennis Assoc Ltd PO Box 6952 SILVERWATER NSW 2128 www.ttnsw.org.au
TENNIS Tennis NSW PO Box 6204 SILVERWATER NSW 1811 www.tennisnsw.com.au
2008 ANNUAL REPORT p. 23
NEW SOUTH WALES OLYMPIC COUNCIL
RECOGNISED SPORTS
BASEBALL SOFTBALL NSW Baseball League NSW Softball Assoc Inc PO Box 63 PO Box 52 MT DRUITT NSW 2770 BLACKTOWN NSW 2148 www.nsw.baseball.com.au www.softball.net.au
DANCESPORT TENPIN BOWLING Dancesport NSW Tenpin Bowling Association of NSW Inc PO Box 74 26 Shackel Ave GEORGES HALL NSW 2198 CLOVELLY NSW 2031 www.dancesportnsw.org.au www.tenpin.org.au/NSW
NETBALL UNDERWATER SPORTS NSW Netball Association Australian Underwater Federation NSW PO Box 396 42 Toyer Avenue LIDCOMBE NSW 1825 SANS SOUCI NSW 2219 www.netballnsw.com www.auf.com.au
ORIENTEERING WATERSKI Orienteering Association of NSW NSW Waterski Association PO Box 3295 PO Box 427 NORTH STRATHFIELD NSW 2137 SYDNEY MARKETS NSW 2129 www.nsw.orienteering.asn.au www.waterskinsw.com.au
SKATE / ROLLERSPORTS SQUASH Skate NSW NSW Squash Ltd PO Box 122 6 Duffey Ave CRANEBROOK NSW 2749 THORNLEIGH NSW 2120 www.skateaustralia.org.au www.nswsquash.com.au
2008 ANNUAL REPORT p. 24
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2008
Note 2008 2007 $ $
REVENUE 4 239,944 208,546
EXPENSES 4 228,718 646,168
PROFIT/(LOSS) BEFORE INCOME TAX 11,226 (437,622)
INCOME TAX EXPENSE - -
NET PROFIT/(LOSS) 4 11,226 (437,622)
Refer to note 4 regarding the NSWOC gift of $50,000 (2007: $470,000) to the Australian Olympic Foundation.
The income statement should be read in conjunction with the accompanying notes
2008 ANNUAL REPORT p. 25
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
BALANCE SHEET
AS AT 31 DECEMBER 2008
Note 2008 2007 $ $
CURRENT ASSETS
Cash and cash equivalents 5 - - Prepayments - 845 Trade and other receivables 6 46,023 33,863
TOTAL CURRENT ASSETS 46,023 34,708
NON-CURRENT ASSETS
Property, plant and equipment 7 964 1,002
TOTAL NON-CURRENT ASSETS 964 1,002
TOTAL ASSETS 46,987 35,710
CURRENT LIABILITIES
Trade and other payables 8 72 21
TOTAL CURRENT LIABILITIES 72 21
TOTAL LIABILITIES 72 21
NET ASSETS 46,915 35,689
EQUITY
Accumulated funds 46,915 35,689
TOTAL EQUITY 46,915 35,689
The balance sheet should be read in conjunction with the accompanying notes
2008 ANNUAL REPORT p. 26
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2008
Note 2008 2007 $ $
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from organisations - - Payments to organisations - (15,961) Gift to AOF - (470,000) Interest received - 6,217 NET CASH FLOWS USED IN OPERATING ACTIVITIES 9 - (479,744)
NET DECREASE IN CASH AND CASH EQUIVALENTS 2f - (479,744)
CASH AND CASH EQUIVALENTS AT BEGINNING OF 2f YEAR - 479,744
CASH AND CASH EQUIVALENTS AT END OF YEAR 5 , 2f - -
The cash flow statement should be read in conjunction with the accompanying notes.
2008 ANNUAL REPORT p. 27
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2008
Note 2008 2007 $ $
TOTAL EQUITY AT THE BEGINNING OF THE YEAR 35,689 473,311
PROFIT/(LOSS) FOR THE YEAR 11,226 (437,622)
TOTAL EQUITY AT THE END OF THE YEAR 46,915 35,689
The statement of changes in equity should be read in conjunction with the accompanying notes
2008 ANNUAL REPORT p. 28
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
1. Corporate Information The financial report of the New South Wales Olympic Council Inc. (NSWOC) for the year ended 31 December 2008 was authorised for issue in accordance with a resolution of the Executive Board on 3 March 2009.
The NSWOC is an Association incorporated under the Associations Incorporation Act, 1984 of New South Wales and is domiciled in New South Wales.
The principal place of business is Level 3, 1 Atchison Street, St Leonards, NSW, 2065.
The nature of the operations and principal activities of the Council are described in note 10.
2 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
The significant policies which have been adopted in the preparation of these financial statements are:
(a) Basis of preparation This special purpose financial report has been prepared for distribution to the members to fulfil the committee of managements’ (“Executive Board”) financial reporting requirements under the Associations Incorporation Act, 1984 of New South Wales and the Councils’ constitution. The accounting policies used in the preparation of this financial report, as described below, are consistent with the financial reporting requirements of the Associations Incorporation Act, 1984 of New South Wales and the Councils’ constitution, and are, in the opinion of the Executive 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 Council is not a reporting entity because in the opinion of the Executive there are unlikely to exist users of the financial report who are unable to command the preparation of reports tailored so as to satisfy specifically all of their information needs.
The members neither hold equity in, nor are financial lenders to, the Council and their membership is pursuant to the Olympic Charter as well as the Constitution.
Accordingly, the financial report has been prepared in accordance with the Associations Incorporation Act, 1984 of New South Wales and the Constitution, the basis of accounting specified by all Accounting Standards and Interpretations and the disclosure requirements of AASB 101 'Presentation of Financial Statements', AASB 107 'Cash Flow Statements', AASB 108 'Accounting Policies, Changes in Accounting Estimates and Errors', AASB 1031 'Materiality and AASB 1048 Interpretation and Application of Standards' which apply to all entities required to prepare financial reports under the Associations Incorporation Act, 1984 of New South Wales and the Constitution.
2008 ANNUAL REPORT p. 29
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
2 (a) (ii) Continued
The Executive have determined that in order for the financial report to give a true and fair view of the Council’s performance, cash flows 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.
iii) The financial report is prepared in Australian dollars.
(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 Council for the annual reporting period ended 31 December 2008. The Executive have not early adopted any of these new or amended standards or interpretations. The Executive have not yet fully assessed the impact of these new or amended standards (to the extent relevant to the Council) and interpretations.
This special purpose financial report complies with Australian Accounting Standards as described above.
(c) Income and Expenditure Recognition Income, with the exception of fundraising and government grants, has been brought to account on an accrual basis and if not received at balance date is reflected in the Balance Sheet as a receivable. Expenses have been brought to account as incurred and any expenses incurred but not paid for at balance date are reflected in the Balance Sheet as creditors.
(d) Fundraising The NSWOC undertakes fundraising on behalf of the Australian Olympic Committee Inc. (‘AOC’) and, as a result all of the funds raised by the NSWOC are recorded directly in the financial statements of the AOC.
At 31 December 2008, the NSWOC had raised $1,844,942. (2007: $1,112,616) towards the 2005- 2008 Olympic Team Appeal.
(e) Income Tax The NSWOC is exempt from Australian income tax.
(f) Cash and cash equivalents The NSWOC undertakes fundraising on behalf of the Australian Olympic Committee Inc. (‘AOC’) and, as a result all of the funds raised by the NSWOC are recorded directly in the financial statements of the AOC. At 31 December 2008 the NSWOC had no bank account and for administrative purposes all cash transactions are processed by the AOC and the net cash position is reflected in a net receivable account at year end (Refer Note 6).
2008 ANNUAL REPORT p. 30
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
(g) Property, Plant and Equipment
Acquisition Items of property, plant and equipment are recorded at cost or, in the case of donations and sponsorship contributions in kind, at fair value at the time of donation or contribution, less accumulated depreciation and any impairment in value.
Depreciation and amortisation Items of plant and equipment are depreciated on a straight line basis over their estimated useful lives ranging from 3 to 15 years from the date of acquisition.
Impairment The carrying values of plant and equipment are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.
If any such indication exists and where the carrying values exceed the estimated recoverable amount, the assets are written down to their recoverable amount.
The recoverable amount of plant and equipment is the greater of fair value less costs to sell and value in use. Value in use is the depreciated replacement cost of an asset when the future economic benefits of the asset are not primarily dependent on the asset’s ability to generate net cash inflows and where the NSWOC would, if deprived of the asset, replace its remaining future economic benefits.
Impairment losses would be recognised in the income statement.
(h) Government Grants Government grants are recognised at their fair value where there is a reasonable assurance that the grant will be received and all attaching conditions will be complied with.
(i) Trade and other receivables Trade receivables, which generally have 30-90 day terms, are recognised and carried at original invoice amount less an allowance for any uncollectible amounts.
An estimate for doubtful debts is made when collection of the full amount is no longer probable. Bad debts are written off when identified.
3. Significant accounting judgements, estimates and assumptions
In applying the accounting policies the NSWOC evaluates judgements, estimates and assumptions based on experience and other factors, including expectations of future events. All judgements, estimates and assumptions made are believed to be reasonable based on the most current set of circumstances available to the NSWOC. Actual results may differ from the judgements, estimates and assumptions.
2008 ANNUAL REPORT p. 31
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
Note 2008 2007 $ $ 4. REVENUES AND EXPENSES
(a) Revenue: NSW Government grants 45,000 45,000 Interest Income 3,722 6,355 AOC Special Grant 43,645 33,221 AOC Administration grant 144,791 121,736 Affiliation fees 2,786 2,234
TOTAL REVENUES 239,944 208,546
(b) Expenses: Depreciation 38 38 Travel & Meeting Expenses 12,140 11,039 Office expenses 7,957 12,345 Olympians Club 68 70 Promotions and publicity (including Pierre de 712 6,762 Coubertin Awards) Salaries and wages 157,803 145,914
TOTAL OPERATING EXPENSES 178,718 176,168
Gift to the Australian Olympic Foundation 50,000 470,000
TOTAL EXPENSES 228,718 646,168
NET PROFIT/(LOSS) 11,226 (437,622)
On 20 March 2008, by Deed of Gift, the NSWOC gifted $50,000 (2007:$470,000) to the Australian Olympic Foundation (AOF). This gift has resulted in a reduction of profit in the 2008 financial accounts of the NSWOC and an equivalent gain in the accounts of the AOF.
The Australian Olympic Committee has undertaken to provide the NSWOC with an annual grant (paid quarterly) which will be based on an independently determined rate of return that exceeds the rate of inflation by the average bond yield over rolling four year periods.
5. CASH AND CASH EQUIVALENTS
Bank term deposit - -
2008 ANNUAL REPORT p. 32
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
6. TRADE AND OTHER RECEIVABLES
Accrued interest - 1,497 Due from Australian Olympic Committee Inc. 46,023 32,366
46,023 33,863
7. PROPERTY, PLANT AND EQUIPMENT
Plant and equipment At cost 5,575 5,575 Provision for depreciation (4,611) (4,573) 964 1,002
8. TRADE AND OTHER PAYABLES Sundry Creditors 72 21
72 21
9. STATEMENT OF CASH FLOWS
Net Profit/(Loss) 11,226 (437,622)
Depreciation 38 38 Changes in assets and liabilities: (Increase) in assets (11,315) (33,348) Increase in liabilities 51 (8,812)
NET CASH FLOWS (USED IN)/FROM OPERATING ACTIVITIES - (479,744)
2008 ANNUAL REPORT p. 33
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
10. SEGMENT INFORMATION
The NSWOC acts to develop and protect the Olympic movement in the State of New South Wales in accordance with the Olympic Charter and the Constitution of the Australian Olympic Committee Inc. and to actively promote the fundamental principles of Olympism within the framework of sports. The NSWOC operates wholly within New South Wales.
11. RELATED PARTY DISCLOSURES
The members of the Executive Board during the financial year were:
Helen M Brownlee OAM J. Doug Donoghue AM Geoff Davidson Linda McLaren Shane Alvisio Robert Lawton Peter Hadfield OAM Mr Peter Lozan (appointed 26 March 2008)
James Edwards (Executive Director)
The NSWOC is provided with the use of office premises and computer equipment at no charge from the Australian Olympic Committee Inc.
During the year the NSWOC gifted $50,000 (2007: $470,000) to the Australian Olympic Foundation.
12. KEY MANAGEMENT PERSONNEL
Compensation of Key Management Personnel for NSWOC activities relate to the following categories only:
2008 2007
Short-term employee benefits 84,274 78,631 Post-employment benefits 7,497 6,922 91,771 85,553
Apart from the Executive Director, Members of the Executive Board serve on an honorary basis for no remuneration.
13. AUDITORS’ REMUNERATION
Costs for the audit of the NSWOC are borne by the Australian Olympic Committee Inc.
2008 ANNUAL REPORT p. 34
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2008
14. FINANCIAL INSTRUMENTS
(a) Terms, conditions and accounting policies
The NSWOC’s accounting policies, including terms and conditions of each class of financial asset, financial liability and equity instrument, both recognised and unrecognised at the balance date, are as follows:-
Accounts Receivable and Payable - carried at the nominal amount, is interest free and has no set repayment terms.
(b) Interest rate risk
The NSWOC has minimal exposure to interest rate risk in relation to the recognised financial assets and financial liabilities at balance date.
(c) Fair values
All the NSWOC’s financial instruments are carried at fair value.
(d) Credit risk exposure
The NSWOC has no credit risk exposure as there are no trade debtors at balance date.
2008 ANNUAL REPORT p. 35
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
DECLARATION BY THE MEMBERS’ OF THE EXECUTIVE
In the opinion of the Members of the Executive Board of the New South Wales Olympic Council Incorporated (the “Council”) the accompanying Financial Report of the Council, as set out on pages 1 to 11 is drawn up so as to give a true and fair view of the result of the Council for the year ended 31 December 2008 and of the balance sheet as at 31 December 2008.
Signed on behalf of the Executive Board at Sydney, 3 March 2009.
H Brownlee OAM James Edwards President Executive Director
2008 ANNUAL REPORT p. 36
NEW SOUTH WALES OLYMPIC COUNCIL
NEW SOUTH WALES OLYMPIC COUNCIL INC.
STATEMENT OF FUNDRAISING FINANCIAL PERFORMANCE
FOR THE YEAR ENDED 31 DECEMBER 2008
2008 2007 $ $
Accumulated Surplus/(Deficit) of Fundraising 1,112,616 (14,033)
INCOME 2008 Athlete Farewell Dinner 827,365 - Billich Art Launch 6,818 - Carbine Club 25,000 25,000 Chinese Community Fundraiser 57,010 - 2007 Countdown Dinner ‘One Year to Go’ - 824,470 Central Coast Committee 25,433 - Fundraising Donation - 50,000 General Fundraising 7,765 120 NSW Government Donation - 500,000 Hunter Regional Committee 56,985 25,636 Interest 11,663 14,213 Illawarra Regional Committee 45,891 - Young Professionals Committee - 76,732
1,063,930 1,516,171
EXPENDITURE
2008 Athlete Farewell Dinner (291,151) (29,919) Chinese Community Fundraiser (1,716) - 2007 Countdown Dinner ‘One Year to Go’ - (300,972) Central Coast Committee (15,148) (7) Hunter Regional Committee (18,090) (662) Illawarra Regional Committee (3,311) (23) Wagga Wagga Committee - (842) Young Professionals Committee (273) (56,968) General Fundraising (1,915) (129)
(331,604) (389,522)
(Deficit)/Surplus carried for the year 732,326 1,126,649
Fundraising Quadrennium to date 1,844,942 1,112,616
2008 ANNUAL REPORT p. 40