ANNUAL REPORT 2019/2020 2019/2020 BOARD OF DIRECTORS

CONTENTS

4 Board of Directors, Management, Committees & Member Overview

6 Commodore’s Report

10 Treasurer’s Report PAUL BILLINGHAM NOEL CORNISH AM JANEY TRELEAVEN Commodore Vice Commodore Rear Commodore 12 Sailing Committee Report

16 Member Engagement Committee Report

18 Premises Committee Report

20 Audit Planning & Risk Committee Report

21 CYCA SOLAS Report

22 Directors’ Report

26 Auditors’ Independence Declaration DR. SAM HAYNES ARTHUR LANE LEANDER KLOHS Rear Commodore Treasurer Director 27 Statement of Comprehensive Income

28 2019/2020 Balance Sheet

29 Statement of Cash Flow

30 Notes to the Financial Statements

49 Directors’ Declaration

50 Independent Auditor’s Report

52 Supplementary Information Relating to Financial Performance DAVID JACOBS JUSTIN ATKINSON BRADSHAW KELLETT 53 2019/2020 Member List Director Director Director 62 2019/2020 Yacht Register Photo credits: Cover image: ROLEX/Studio Borlenghi Contributing Photographers: ROLEX/Studio Borlenghi, David Brogan, Andrea Francolini, Hamish Hardy

2 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 3 PAST COMMODORES MEMBERSHIP

Name Year served 31/03/20 31/03/19 OBITUARY A.C. Walker 1944 - 1946 * Member 1,420 1,391 Members who have sailed their last 15 Year Member 51 42 P.M. Luke 1947 - 1948 * voyage: 30 Year Member 186 196 M.E. Davey 1949 - 1951 * Dawn Beal, Yvonne 50 Year Member 46 46 Byrne, Lewis Carter, S. Berg 1952 - 1953 * John Cooper, Kevin Regional 228 186 Dash, David Dickson, A.B. Wilson 1954 - 1956 * 15 Year Regional 3 3 John Fordham, M.E. Davey 1957 - 1958 * John Gunning, 30 Year Regional 6 4 William Hall, James D.M. Brown 1959 - 1960 * Country 78 83 Harrison, Maryrose Heffernan, Brian R.C. Hobson 1961 - 1962 * 30 Year Country 36 40 James, Craig Mahony, B.C. Psaltis 1963 - 1964 Overseas 140 144 Rob McAuley, Marshall Miller, 15 Year Overseas 1 1 R.A. Cottee 1965 - 1966 * Steve Old, Richard 30 Year Overseas 13 11 Robinson, Gary N.B. Rydge AM 1967 - 1968 Simon, David Steel, Associate 529 473 R. Crichton-Brown 1969 - 1970 * Stuart Stevenson, 15 Year Associate 6 5 Colin Stewart, B.C. Psaltis 1971 Nicholas Thompson BOARD OF DIRECTORS, 30 Year Associate 18 16 J.J. Bleakley 1972 * 50 Year Associate 4 3 MANAGEMENT & COMMITTEES J.N. Bridgland 1973 * Sailing Associate 3 5 J.P. Diamond 1974 - 1975 * 15 Year Sailing Associate 1 1

G.N. Evans 1976 * 30 Year Sailing Associate 6 6 Crew 59 53 BOARD OF DIRECTORS MANAGEMENT J.P. Diamond 1977 * YSA Crew 58 82 Commodore P. Billingham Chief Executive Officer E. Moore/J. Kirkjian A. Pearson 1978 - 1979 * Vice Commodore N. Cornish AM Administration Manager F. Cole YSA Junior 49 46 K.C. Roxburgh 1980 - 1981 Rear Commodores J. Treleaven & Dr. S. Haynes Head of Finance J. Brennan Family Junior 56 55 G.S. Girdis 1982 - 1983 Treasurer A. Lane House Events Manager M. Gibson Life 12 11 Directors L. Klohs, J. Atkinson, Sports Marketing & Sponsorship Manager N. Janzen J.L. Brooks 1984 - 1985 Past Commodore 15 11 D. Jacobs & B. Kellett Sailing Manager J. Kirkjian/T. Blanc-Ramos A.E. Cooley 1986 - 1987 Honorary 28 25

D.B. Kellett AM 1988 - 1989 Sponsor 28 24 3,080 2,963 STANDING COMMITTEES SUB-COMMITTEES L. McClean 1990 - 1991 * TOTAL L.P. Minehan 1992 - 1993 * Sailing Committee – Incorporates Training & Development and Cruising. Archives Sub-Committee D.C. Fuller 1994 - 1995 LIFE MEMBERS Dr S. Haynes (Chairman), Director B. Kellett (Deputy Chair), Rear Director B. Kellett, J. Allen, T. Cable, L. Klohs, D. Champtaloup, Commodore J. Treleaven, A. Kear, A. Psaltis, D. Burt, D. Jordan, L. P. Shipway, D. Colfelt P.H. Bush 1996 - 1997 P.M Luke 1957 * R. Grubb 1997 * Goodridge, M. van Kretschmar, S. Rahilly, Z. Taylor (Aug-Nov), A. Brown Training & Development Sub-Committee H. van Kretschmar 1998 - 1999 M.E. Davey 1957 * D. Lawson 1997 * Member Engagement Committee – Incorporates Associates, Rear Commodore Dr. S. Haynes (Chair), Director L. Klohs, A. J.H. Illingworth 1957 * J.F. Keelty 1998 Member Value and Archives. H. Sommer 2000 - 2001 Kear, D. McCracken, T. Barker, S. Jarvin E.G. le Brun 1957 * P.H. Bush 1999 Rear Commodore J. Treleaven (Chair), Director J. Atkinson J. Messenger 2002 - 2003 * (Deputy Chair), Director L. Klohs (Deputy Chair), Director B. Cruising Sub-Committee J.S. Samson 1960 * B.C. Psaltis 1999 Kellett, M. Keelty (Associates President), D. Wallace, K. Mendes, K. M.R. James 2004 J Keelty, Director J Atkinson, F Walker, S Walsh, D Doyle, S H. Watkiss 1964 * J. York 2002 * Sleeth, M. Burns, J. Sapir, C. Gundy, J. Anson, A. Larkin. Prince, D Henry, A Greene, S Williamson, Director B Kellett G.R. Lavis 2005 - 2006 G. Barton 1972 * P. Grounds 2004 * Premises Committee Member Value Sub-Committee M.C Allen AM 2007 - 2010 J.P. Diamond 1979 * A.L. Cable 2005 Treasurer A. Lane (Chair), Director D. Jacobs (Deputy Chair), Director L. Klohs (Chair), P. Messenger, Y. Henderson, J. Wilby, G. Linacre 2011 - 2012 Director B. Kellett, K. Roxburgh, A. Wenham, P. Shipway, K. K. Mendes, D. Wallace A.D. Campbell 1980 * D.A. Van Ewijk 2007 Wallace, Commodore P. Billingham D.R. Goode 1980 * J. Messenger 2008 * Sustainability Working Group H. Piggott 2013 - 2014 Audit, Planning & Risk Committee R.D. Hollingsworth 1982 * D.B. Kellett AM 2011 Director J. Atkinson (Chair), V. Whitby, A. Devlin, M. Burns, J. Owens J. Cameron 2015 - 2016 Vice Commodore N. Cornish AM (Chair), Director D. Jacobs (Deputy G.E. Marshall 1982 * G. Lewis-Bearman 2013 Chair), Treasurer A. Lane, Rear Commodore J. Treleaven, T. Barker, P. J. Markos 2017 - 2018 Gothard, A. Wilmot, S. York, P Whitford SC G.C. Reynolds 1982 * J. Kirkjian 2014 ASSOCIATES COMMITTEE Special Events Committee – Incorporates Rolex Sydney Hobart K.H. Storey 1982 * J.W. Winning AM 2015 Yacht Race. M. Keelty (President), J. Anson (Vice-President), C. Mulherin P. Rysdyk 1987 * A. Green 2017 (Treasurer), I. Soemardi (Secretary), J. Bartrum, K. Brooks, P. Commodore P. Billingham (Chair), Vice Commodore N. Cornish AM P. Green 1990 * K. Kellett 2017 (Deputy Chair), Rear Commodore J. Treleaven, Director L. Klohs, Christie, J. Dahl, F. Davies, B. Daw, P. Emerson, K. Kellett, A. Director J. Atkinson, M. James, C. Grant, K. Kellett, K. Bennett, J. Lulham, F. Marr, P. Messenger A. Brown 1992 * P. Shipway 2019 Owens, P. Shipway, D Kellett. * Deceased E.C. Messenger 1995 *

4 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 5 2019/ 2020 COMMODORE’S REPORT

A year of two parts ceremoniously destroying the Clubs 75th birthday cake; • Communication excellence but it was the Veterans Regatta (and dinner!) in December The past 12 months have been momentous ones for the Club – So much focus has gone into improving the quality, starting with the highs of our 75th year and ending with the lows of that was just an amazing highlight and one I hope we can frequency and transparency of the way we communicate the bushfires and COVID-19 that have so hugely impacted all of us. repeat. with Members. Offshore, Onshore, the Sked, website, social media, podcasts, live race coverage and many other This time last year I wrote looking forward with optimism to the year • YSA success channels have made our Members more informed than of celebration ahead, and a celebration it was! Our Clubhouse was If youth is the future of sailing, then the CYCA is well ever before as to what is happening in their Club. Thank open and looking amazing, we were able to finish off the car park served – back-to-back Youth World Match Racing titles you to Nick, Hamish, DJ and the professionals that have so on time and on budget and we had a huge range of events both on have proven that we are at the very top of the game and lifted the quality of what we produce. and off the water, all leading up to the highlight of the year with the our YSA program is the envy of many. The work over spectacle of the 75th Rolex Sydney Hobart Yacht Race. many years of Justine, Jordan, Pam, the army of coaches • The Great Race But by 31 March the year had ended in the most unimaginable way and the huge array of dedicated sponsors has been plain The 75th Rolex Sydney Hobart Yacht Race was the most possible – doors closed, people stood down, friends unable to meet to see and I greatly enjoyed meeting and talking to so widely watched ever – the highest possible calibre of fleet; and sailing (all but) banned. many competitors at the various regattas the Club hosted over two million people watching the live start, millions more around the globe; and thrilling results with Jim Cooney on However it is in times of adversity that we really begin to understand this year (most of which we won!). Comanche taking the line and Matt Allen’s Ichi Ban overall. ourselves – to test what we and indeed what other people are made • A sailing program without peer More than 1200 people attended the award ceremony in of. This has long been true in our sport of sailing – whether it has Over the years our sailing program has evolved to become Hobart! been fighting terrible weather, equipment failure, injury (or worse), such trials bring out the best in all of us. the most comprehensive keelboat program in Australia, if I committed to follow in the footsteps of the late John not the world. At the CYCA we can sail in a Cat 1 Ocean Messenger and at least meet, and ideally share a beer, with And so it has been these last months at the CYCA where that Classic; compete against the best there is in the Audi each boat on arrival. Needless to say with so many boats resilience shown by our people, Members and the sailing community Centre Sydney Blue Water Pointscore Series; take part in finishing the race I lacked his stamina, but as I stood in the has made the Club stronger than ever before. It has, I believe, inshore and onshore races most weekends; or round the reminded us that a Club is not a building or a race, but a willing Rolex Sydney Hobart Yacht Race Hobart Village, supported cans white sail racing each week. Where else does that community of likeminded people who come together to build what by Tasports, I marveled at how the changes we have made happen, anywhere? they believe in. For me that is the real CYCA. had brought the race to the people. The land side is now We almost take this for granted, but I want to recognise worthy of the sailors. First the celebration! what an incredible professional sailing team we have – I am also hugely proud of the wonderful book written by Rob It is impossible to name everything that has happened, so I am going thank you Sailing Committee, Sailing Office, Volunteers Mundle commemorating the race – and thank Life Members to self-indulgently pick out some of my personal highlights! and Officials – simply amazing! Cable, Keelty, Kellett and Shipway for their oversight! • Renovations It was with a great sense of satisfaction that the car park was completed early in the year – I am delighted that we now have such wonderful premises which just feels like our home. We had been COMMODORE talking about renovating for well over 12 years – well now it is done and I couldn’t be prouder! Thank you to the Premises Committee, PAUL our builders Belmadar, professionals and team members – you have built a legacy.

BILLINGHAM • Social events There was such a huge array of sailing and non-sailing social events at the Club during the year. The SOLAS dinner as always a highlight; the Cruising Committee information evenings massively popular; and special events such as the Commodore’s Ball where we raised over $30k to refit our YSA fleet with sails was, for me, a highlight. Thank you to the Member Engagement, Associates and Cruising Committees for your hard work over the year – you made the party!

• Veterans shine We had two incredible veterans events during the year. I greatly enjoyed sailing with David Champtaloup on the famed Caprice of Huon in May, which was followed by Gordon “Wingnut” Ingate The CYCA’s 75th anniversary provided opportunity for many Members to celebrate. Gordon Ingate was delighted to cut the anniversary cake accompanied by Commodore Paul Billingham, Arthur Lane and Dr. Sam Haynes (left to right).

6 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 7 I also want to thank the various directors with whom I’ve been privileged to serve over the past 14 years and leave confident that the Club is in great hands.

COMMODORE’S REPORT CONT.

Thank you also to the Special Events Committee, the The Club looked to support the firefighters and our idea, or indeed ambition, to become Commodore. But

RYCT, media partners, the dozens of volunteers at both friends in Eden during the bushfires and many Members this place and the people who come here have a habit The Rolex Sydney Hobart Yacht Race, celebrating 75 years, ends of the race, the Race Committee and of course Rolex individually made a difference at that time. of getting under your skin (usually in a nice way!) and was a huge success. like so many of you, I became addicted to the Club – we are so fortunate to enjoy their long-term support. But COVID-19 was a knockout blow as the Club was forced and, yes, fell in love with it. • A plan for the future to close in mid-March, and as I write this report in May the Club is just starting to come back to life as restrictions I’ve tried to make a difference over the two years I have Perhaps however the single biggest achievement of the ease and competitive sailing gets back underway. had the privilege of being your Commodore through year happened quietly, without much fanfare back in the putting Members first and bringing transparency as What so impressed me however is how well our Members Clubhouse. In late 2019 after a long process of member to what goes on. However any Commodore is just and our people adapted and we have had only praise for engagement, workshops and meetings, the Board chief custodian of the Club for a two-year period the way in which the Club reacted to the rapidly-changing approved a long-term strategic plan for the CYCA – the of time – the History and Archives Committee have position, rightsizing operations along the way smoothly first such plan that has been produced. This plan will taught me that! and without mishap. serve as the blueprint for the Club’s future and provide So, I hope my way of working for you, talking with guardrails for future boards. It is, for me, a sign of how we have matured as a Club that you and caring about our Club, though perhaps a little these changes were so quickly devised and seamlessly Importantly, it embeds appropriate levels of governance different, has worked and I want to thank all of you applied – and the results of years of investment in people in the Club, of a quality enviable even by corporate for your advice, support and opinions – I’ve listened (especially with finance skills), systems and processes standards, and will provide direction and free up time for to them all. meant we were quickly able to stabilise the business of the Club’s future directors, management and volunteers the Club and move into preparing to plan to reopen. I also want to thank the various directors with whom to do what they do best – sail! I’ve been privileged to serve over the past 14 years There is no doubt however that this pandemic will have and leave confident that the Club is in great hands. Thank you Members for supporting the Board, Senior long-term consequences for our Club – even after we Management and Audit Planning & Risk to develop a reopen. The world is going to experience a post-stimulus Thank you. strategic plan worthy of our future. recession like we have never seen before and the CYCA Looking forward will not be immune. I am confident, however, that we have the skills, resources and resilience to survive and thrive. The bushfires in late 2019/early 2020 delivered unprecedented destruction to our State and barely had Parting words Commodore Paul Billingham we recovered when COVID-19 hit us. When I joined the Board as Treasurer in 2006 I had no

8 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 9 Treasurer Arthur Lane / TREASURER’S 2019 2020 REPORT

Overview The required adoption of the new lease accounting standard • Continued commitment from Rolex and other major AASB 16, has resulted in the capitalisation of the Land and sponsors. FY20 saw a very strong improvement in the Club’s financial the Club shows a loss of $0.5m, a 51% improvement on last Marina leases. Given the Club’s leases run until June 2049, performance, being the first full financial year since the new year. • A renewed commitment to maintenance of assets with their capitalisation has had a material impact on the Balance increases allocated to repairs and maintenance of the Clubhouse was reopened in October 2018 and including Improved operations and strong working capital Sheet, resulting in an increase of both assets and lease marina and vessels. the celebration of the 75th year and the 75th Rolex Sydney management resulted in improved cash generation of liabilities of $14m. Hobart Yacht Race. • Investment in people and corporate governance whilst $1.3m, enabling the Club to pay for the carpark resurfacing Another impact of AASB16 is that lease payments are controlling administration costs. Revenue of $10.4m was up $1.4m (16%) on last year driven and reduce debt by a net $0.4m during the year. replaced by depreciation and interest charges in the Profit by strong growth in Bar and Food sales, plus increased These results were slightly ahead of budget and would and Loss. These charges are greater during the earlier years • Continued support for the Youth Sailing Academy and Sailing, Marina and Membership income. As a result, EBITDA, have been even better but for the forced closure of of the lease due to the calculated interest charge on the CYCA SOLAS Trusts. (before AASB 16 discussed below), of $0.8m, was up $0.6m the Clubhouse on 16 March 2020 due to the COVID-19 large lease liability, which reduces over time. In FY 20 there Once reopened, the Club should see continued growth but (314%) on last year. After depreciation and interest of $1.3m, Government imposed restrictions. is an additional $0.2m net charge to the Profit and Loss the Board are cognisant the Club is cycling from a big year (lower operating expenses of $0.8m but higher depreciation in FY20 with the 75th celebrations, DA constraints and the Financial Summary of $0.5m and interest of $0.5m). These changes inflate the current general community and societal norms in relation For Members ease of reference and comparison, I have summarized certain key financial information as to the Club’s EBITDA to $1.6m and increase the Net Loss to $0.7m. to food and beverage consumption where there is plenty of performance and position over the last three years, pre and post AASB 16. The Club continues to generate positive cash flows, pay local competition and the renewed trend towards take away interest and substantially reduced its loans which is the driven by the likes of Uber eats etc. The recently renovated Post AASB 16 Pre AASB 16 Pre AASB 16 true measure of good financial health in a not for profit Clubhouse is a stronger platform to promote and grow the FY 2020 vs organisation and, looking forward, the Club’s robust financial external functions and revenue streams. FY 2020 FY 2020 FY 2019 FY 2019 FY 2018 position will enable it to operate well within its working The sponsorship portfolio is the envy of most yacht clubs Income statement capital facilities. in the country. The RSHYR high profile and iconic status Operating revenue 10,387,060 10,387,060 8,952,434 16% 8,521,283 Capital Expenditure helps us with obtaining global branding sponsors and the Club will continue to protect and nurture these relationships Cost of sales -1,156,928 -1,156,928 -967,147 20% -899,673 During the year the Club invested a total of $0.7m in around all of our properties —racing, YSA and hosting major capital expenditure, which included the refurbishment of Other income 144 144 10,223 -99% 348,823 regattas to ensure that the appropriate investments are the carpark, security gates and night lighting. Repair work made with sponsors so that they can be retained beyond Operating expenses -7,592,118 -8,374,421 -7,788,738 8% -6,807,013 to strengthen the structure of the lower deck was also current agreements. completed, to enable it to be sound for at least another five EBITDA 1,638,158 855,855 206,772 314% 1,163,420 years at which time it may have to be replaced. The Board and Management remain focused on materially Depreciation and amortisation expense -1,561,900 -1,104,005 -1,044,995 6% -1,111,910 beating the FY 21 budget. Liquidity EBIT 76,258 -248,150 -838,223 -70% 51,510 Cash and cash equivalents of $0.1m is slightly up on last In summary, I wish to thank my Board colleagues, John Brennan, our Chief Financial Officer, and his Finance team Interest -755,792 -254,938 -180,650 41% -125,097 year, while total borrowings have decreased from $3.3m to $2.9m before AASB 16. The Club has an overdraft facility and Management for all working so well to deliver a great (Loss)/profit for the year -679,534 -503,088 -1,018,873 -51% -73,587 of $0.8m which enables it to manage the variability in net result and clean audit. Our heartfelt thanks, also, to Chamilka cashflows, while continuing to reduce borrowings. Ratwatte, Sruthi Ilanko and the PWC team for their hard work in the audit process. Cashflow Outlook for 2021

Net operating cash flow 2,147,326 1,358,626 1,596,260 1,057,336 FY21 presents significant challenges due to the impact of COVID-19. The Board has approved a budget for FY21 which will see the Club continue to meet its commitments and the Balance sheet Board and Management have acted quickly and decisively to reduce costs, renegotiate with landlords and avail of Current assets 571,259 571,259 1,135,593 4,742,940 Government support. The conservative budget assumes: Non-current assets 30,524,430 17,695,865 18,125,650 10,617,495 • Members numbers remaining relatively stable at 3,000, factoring in membership attrition of existing members, Current liabilities 3,960,544 3,502,428 3,866,346 3,769,923 increases due to new members and accounting for the Non-current liabilities 20,778,160 8,231,264 8,358,378 3,535,120 50% discount on Membership fees, that will be credited to Members’ Club account for every month that the Club Members’ funds 6,356,985 6,533,432 7,036,519 8,055,392 remains closed. • Clubhouse reopens on October 1, 2020, following the Number of Members 3,080 3,080 2,963 4% 2,787 FY20, driven by the 75th year celebrations of the CYCA and the Sydney Hobart lifting of COVID-19 restrictions. Yacht Race, saw a very strong financial improvement.

10 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 11 Rear Commodore / SAILING COMMITTEE 2019 2020 REPORT Dr. Sam Haynes

The 2019-2020 sailing season was an historic 12 months for Bearman, Paddy Glover and Ross Garlan. We can never have Centre Sydney Blue Water Pointscore (IRC Pointscore of the Blue the CYCA, culminating in the 75th Rolex Sydney Hobart Yacht enough volunteers and I would like to extend a special thank Water Series). Ichi Ban came first in Division 1, followed by Gweilo Race, and including the first-ever JPK Pacific Two-Handed you to Tracey Johnstone who has been working to recruit (Matt Donald & Chris Townsend) in second and Quest (Bob Steel Series. These events topped off an extensive sailing program many new faces to our team! & Craig Neil) in third. Division 2 was taken out by St Jude (Noel which included the Audi Centre Sydney Blue Water Pointscore, Cornish), with first time BWPS competitor Highly Sprung (Mark I would like to extend a further thank you to the following: Ocean Pointscore, Short Ocean Pointscore, Short Haul Spring) in second and TSA Management (Tony Levett) in third. Pointscore, Sharp EIT Monday Twilights, Wednesday Twilights, • David Jordan for his commitment to and management of The Cape Byron Series (ORCi Pointscore of the Blue Water our major Race Committees Winter Series and the Concierge Traveller Spring Series. Series) was also won by Ichi Ban, followed by Quest in second Our sponsors make our sailing program possible. Thank you • T he Radio Team, led by David Kellett and Gweilo in third. Division 1 saw Ichi Ban in first while Division to the following for their new and ongoing support - Rolex, 2 was won by St Jude. The Tasman Performance Series (PHS • John Winning for the use of JBW and Andrew Cropley for Pointscore of the Blue Water Series) was this year won by Gweilo, Noakes Group, Audi Centre Sydney, Grinders Coffee, JPK skippering Pacific, Sharp EIT and Concierge Traveller. followed by Quest and Ichi Ban. Gweilo won Division 1, with • John Kirkjian, Karl Garavan, Steve Hatch and Lister Hughes Division 2 again won by St Jude. The Line Honours Pointscore of I would also like to thank the members of the Sailing for their assistance in protest committees the Audi Centre Sydney Blue Water Pointscore was convincingly Committee, who continue to support myself and the won by David Griffith on Chinese Whisper. CYCA. Bradshaw Kellett, Janey Treleaven, Arthur Psaltis, • The RSHYR Eden Team, Denis Doyle, Lynne Smith and JPK Pacific came on board in 2019 to sponsor the inaugural Les Goodridge, David Burt, Sean Rahilly, David Jordan, Pat Nash JPK Pacific Two-Handed Series. This series was a great success Angelique Kear, Matthew van Kretschmar and Zoe Taylor A total of 157 yachts started the 75th edition of the Sydney for the CYCA, allowing competitors to build-up two-handed have dedicated time and shared their experience, helping to Hobart Yacht Race, in the fourth biggest fleet in history, with The Audi Centre Sydney Blue Water Pointscore Series remains experience in the lead up to the 2020-21 Blue Water Pointscore. the CYCA’s blue-ribbon ocean-racing competition. grow and develop our program. only three retirements. This momentous race saw Matt Allen’s The Goat (Mitchell Gordon) won the Series in IRC, while the PHS The 2019-2020 season saw the introduction of the CYCA’s Botin 52 Ichi Ban claim their second overall win in three years, win was secured by Min River (Jiang Lin) and the ORCi win by first Two-Handed Series, expanding our program and whilst Jim Cooney and Samantha Grant claimed the third line Local Hero (Shane Connelly). honours victory for super maxi Comanche. 2019 also saw ensuring the CYCA remains at the forefront of blue water the Southern Cross Cup reintroduced for the first time since The Ocean Pointscore Series fleet grew in 2019-2020 with Bush sailing. This series consisted of four offshore races to enable 2013. A total of 22 teams competed with Australia Yellow, Paul Group (Ian Short) finishing first in IRC, followed by About CYCA Members to gain two-handed experience in the lead up comprised of Ichi Ban, Gweilo and St Jude, taking the win. Time (Julian Farren-Price) in second and Supernova (Matthew to the 2020-2021 Audi Centre Sydney Blue Water Pointscore. Hanning) in third. In ORCi, Supernova claimed first, with About The Noakes Sydney Gold Coast set the stage for the 75th Our extensive program would also not be possible without Time in second and Bush Paul Group in third. PHS saw Tempo RSHYR with Barry Cuneo taking out the win in Envy Scooters, the ongoing commitment of our volunteers. These officials (Michael Smith) finish in first with Queztalcoatl (A Sweetapple, A followed by Matt Allen’s Ichi Ban in second and myself and continue to dedicate their time to our on- and off-water race Bruce, J Lee Warner) and Supernova following. my team on Celestial in third. management. Thank you to Denis Thompson, Steve Kidson, The Short Ocean Pointscore was as strong as ever with Bush Paul John Allan, Jenni Birdsall, Brian Carrick, Sarla Holmes, Matt Allen’s RSHYR win topped off a highly successful Group (Ian Short) finishing first in IRC Division 1, followed by Toy Box Tracey Johnstone, Lyn Ulbricht, Gail Lewis-Bearman, Richard season, culminating in an overall win for Ichi Ban in the Audi 2 (Ian Box) and Nine Dragons (Robert Cox). Division 2 was won by Our extensive Stormaway (Jack Stening & Colin Gunn), followed by Crosshaven program (Sean Rahilly & Justin Pelly) in second and Amante (Dennis Cooper) “ in third. Bush Paul Group and Amante took out ORCi Divisions 1 would also not and 2, respectively. In PHS, Division 1 was won by Bush Paul Group, be possible followed by Toy Box 2 and Nine Dragons with Division 2 won by Crosshaven, followed by Stormaway and Amante. without the The Short Haul Pointscore was won this year by Next (R Hunt, J ongoing Short, M Bastick, G Gleeson). Baltic Lady (Neil Burling) followed commitment in second with One More No More (Ian Guanaria) in third. One More No More took out the IRC Division with Next winning the of our PHS and IRC Divisions of the Passage Pointscore. volunteers Congratulations to all our competitors for another successful season. Thank you to CYCA Sailing Manager Justine Kirkjian and her team in the Sailing Office; Tara Blanc-Ramos, India Howard, Emma Harrison and Jess Grimes. A special thank you and farewell to Stephen Craig who has provided continuous support

Noakes Group’s long-time supporter of the Club, Sean Langman, skipper of the 2019 Noakes Sydney Gold Coast winning Envy Scooters Barry Cuneo, and CYCA Vice and service in the Sailing Office over the past decade. Commodore Noel Cornish.

12 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 13 2019/2020 TRAINING & DEVELOPMENT COMMITTEE New Zealand Yacht Squadron. REPORT Dr. Sam Haynes, Chairman Although 2020 looks set to be one of our toughest seasons The Training & Development Committee is pleased to present ahead, the year so far has seen the YSA remain undefeated to the CYCA Members the success and achievements of in competition, having claimed four titles in just two months. our Youth Sailing Academy (YSA). While the 2019 season Harry Price capped off his youth career with two final titles at returned to a normal schedule of events, the CYCA was once the Warren Jones Memorial Regatta in Perth and the Hardy again selected as the host Club of the Australian Youth Match Cup in Sydney throughout January, whilst Hodgson won both Racing Championship for 2019 & 2020, after successfully the Pre-Worlds and World Championship in Auckland. hosting the event for the past three years. All of this showcases the correct structure and support After celebrating their 25th season in 2018, in which the the Club, our Members and sponsors are providing to our The CYCA is immensely proud of the youth sailors, and the next generation of Club Members. We foundation and development opportunities its Club hosted all three divisions of match racing national titles Youth Sailing Academy provides. (open, women’s and youth), 2019 will be remembered for the are producing incredible results across multiple divisions impressive results achieved at each of these events, as the and across different age categories at local, national and CYCA became the first Club to win all divisions within the same international events. This in turn is strengthening our winter training programs and participation in CYCA Club events. year. CYCA Head Coach Jordan Reece with Murray Jones and Harry Price won the Open National title in Hobart before India During 2019, our winter squads and community courses Howard, Jess Tavener, Emma Byrne and Chelsea Williams won continued to build. Many sailors from dinghy Clubs across CRUISING SUB-COMMITTEE Captained by John Keelty together with how to treat injuries, including amputations, NSW accepted scholarships offered to attend CYCA courses with practice stations setup for giving injections and the use the Women’s title in Queensland. At the Youth Nationals, a The lead up to the 75th Hobart was quite a busy year for and squads through. Thank you to CYCA member John CYCA team won a fifth consecutive title, with James Hodgson, the CYCA Cruising Committee who put together a number of of defibrillators etc. A video of this evening can be seen Kirby for his ongoing support through the Sun Foundation Harry Hall, Louis Schofield and Nick Rozenauers victorious. well-attended information evenings at the Club commencing on the CYCA website. Later in October we assisted the scholarships. Many more also participated in the annual Not only has the YSA become Australia’s leading youth in July with Bret Perry and Roni Rigging giving an insight not Associates in organising the highly successful Market Day. Freedman Foundation program which saw 61 students keelboat program, but over the 2019/20 season, cemented only on rigging but also on the new Soft Wing Sail technology experience sailing for the first time, with some then In order to keep everyone fully informed on the very latest their place as the world’s leading youth keelboat program, as that is now available to greatly enhance yacht performance. participating our school holiday courses. on search and rescue before the 75th Hobart on November they won not one, but two World Championship crowns. After This was followed later in July by a presentation by North 17 we organised representatives from AMSA, Kordia first claiming the Match Racing World Championship in 2017, We saw great participation from our youth in CYCA events Sails, with a team headed by Michael Coxon and Alby Pratt Communications, NSW Water Police, Helicopter Rescue and over the past 12 months, the CYCA has won back-to-back as well, with all Advanced Squad members competing in the that focused on the way forward and new innovations. In Marine Rescue NSW, to give presentations on their role and World Championships in Russia and New Zealand. Winter Series, 11 competing in the Noakes Sydney Gold Coast Yacht Race, and five competing in their first Rolex Sydney August we had an entertaining evening for young and old, what you must do should an emergency occur. Tom Grimes, James Hodgson, Jess Grimes and Harry Hall presented by author Philippa Sandell and illustrator Ad Long, Hobart Yacht Race, with numerous alumni also taking part in The final events organised were the well-attended and very reclaimed the 2019 World Championship crown for the CYCA on ships animals called Seafurers – “The Cats who Lapped the 75th historic event. enjoyable social Christmas get together in the Rani Room after the Club did not participate in the 2018 competition. and Mapped the World”. Within six months, the Club had successfully defended their The YSA continues to rely on Members to assist with the and the on-water cruise to Port Hacking in company with Our presenter in September was Mike Prince who title, with James Hodgson and Harry Hall winning a second billeting of interstate and international teams on their yachts. RSYS. covered where we are headed in relation to the Australian title alongside Louis Schofield and Nick Rozenauers at Royal This support makes these regattas more accessible for visiting teams, and in turn raises the profile of the regatta Hydrographic Office’s intention to eventually phase out Unfortunately the events we had planned for 2020 have for competitors and sponsors of the event. CYCA Members paper charts and adopt electronic charts. This evening was been cancelled due to COVID-19 but will take place as soon continue to support the YSA by taking Eden Marine High and not only informative, many Rolex Sydney Hobart entries as restrictions are lifted. Freedman Foundation students sailing and by mentoring YSA took up the generous offer made on the evening of free use In closing I wish to thank all the committee, Director Justin sailors, taking them onboard their yachts for harbour and of electronic charts for the 75th Sydney Hobart. Atkinson, Denis Doyle, Frank Walker, Stephen Prince, Shaaron offshore races and including them in crews for major regattas. In October we had a most informative evening “Beyond First Walsh and David Henry, together with Marina Gibson and all The YSA is proud to foster the development of our youth Aid” with practising doctors and nurses covering topics the staff at the CYCA, for their contribution and assistance sailors from junior classes into match racing and offshore such as Cat 1 and recommended drugs, their use and effect, over the past 12 months. sailing. Through this they are able to pass on their skills to future generations and continue to support the CYCA and the sport of sailing. CYCA YSA KEY RESULTS We would also like to extend our appreciation to our many supporter and program sponsors including Belmadar 1st 2020 World Sailing Youth Match Racing World Championship - RNZYS Constructions, Walker Corporation, Musto Australasia, 1st 2020 Harken International Youth Match Racing Cup – RNZYS Steadfast-IRS, Club Marine, Vibe Hotels, Sharp Australia, Roni 1st 2020 Hardy Cup – RSYS Rigging, Toga Group, GME, Hood Sails, Noakes Group, Altex 1st 2020 Warren Jones Memorial Match Racing Regatta – RFBYC/RPYC Yacht & Boat Paint, Freedman Foundation, Sun Foundation 1st 2019 World Sailing Youth Match Racing World Championship – KYC and Member regatta sponsor Dean Harrigan (Capt John 1st 2019 Australian Youth Match Racing Championship – CYCA The MUSTO International Youth Match Racing Regatta once again saw the CYCA excel. Piper). 1st 2019 Australian Women’s Match Racing Championship – MYC 1st 2019 Australian Open Match Racing Championship – RYCT 1st 2019 Club Marine NSW State Match Racing Championship – CYCA 14 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 15 1st 2019 John Messenger Women’s Match Racing Championship – CYCA MEMBER ENGAGEMENT 2019/2020 COMMITTEE The Associates Committee’s Ladies’ Night was a huge hit. Rear Commodore Janey Treleaven

Throughout the 75th year of the CYCA, the Member 1. Video Archive Project is progressing well under the guidance ASSOCIATES COMMITTEE – Chaired by President The Associates continue to be active in fundraising and Engagement Committee worked closely with the Member of David Champtaloup, Peter Shipway and Communications Margaret Keelty working proactively for the Club and this year purchased a Value Committee, Archives Committee, Associates Co-ordinator Hamish Hardy. The 2019/2020 interviews new outside notice board for the use of members wanting Committee and Sustainability Working Group to explore and were Harold Cudmore, Bill Ferris, Past Commodore Matt Thank you to the 15 members of the Associates Committee to advertise items for sale (near the sail locker). Fundraising augment the way Members connect and interact with the Allen, Michael Hesse, John Sheridan, Chris Iacono, Scott whose commitment to driving social functions and activities activities also included: the sale of tea towels emblazoned Club, its Sailing Program and use of the facilities we offer. Kaufman and Bruce Gould being added to the online for members resulted in the following successful events in with the 75th Club logo and listing race winners; assisting collection of prominent yachtsperson interviews. 2019: I’d like to thank all the Committee members for their support, at the SOLAS dinner; a raffle to provide additional funds for ideas and commitment to making the CYCA the best club 2. Offshore & SHYR Program scanning: 1956 – 2019 SHYR • Ladies Night returned in May. More than 100 female the Children’s Christmas party; and our annual Christmas experience for all member demographics. The work of these Programs are online on the CYCA’s website History & Members with their guests enjoyed a relaxed evening Hamper, which this year raised a record $3860 for Drought Committees combined with the efforts of the Board and Archives page. The Archives Committee are in the process chatting and meeting other members and a wonderful Angels. Club management/staff has seen a very impressive increase of scanning all Offshores to be displayed on the CYCA’s fashion parade featuring our YSA members modelling the One of the goals of the Associates continues to be ensuring a to the number of members and we have finished the year website History & Archives page. 75th anniversary clothing. with a record high of 3,080 members. welcoming environment at the Club, not only with events but 3. Photo Digitising Project: the digitising of the CYCA’s • The CYCA Market Day also returned in October and was also at the Club generally and this is achieved by activities MEMBER VALUE SUB-COMMITTEE – Chaired by Director stored print photos is in its 13th year of scanning. The another success, with lots of bargains and promoting such as putting up (and taking down) the Christmas Leander Klohs information is currently being stored at the CYCA in an sustainability by finding new homes for no longer needed decorations and volunteering during the busy lead up to the effort to produce the digital archive on the CYCA’s website This year our focus was items. RSHYR. History & Archives page. on the celebration of our • Trivia nights with a sailing twist continued on the 2nd It has been a pleasure and honour to be the President of 4. Digital Archive: the Archives Committee are currently Club’s 75th year and the Wednesday of each month during winter to keep members the Associates and to be part of this hard working and designing the digital archive to be displayed on the CYCA’s 75th time intrepid sailors busy whilst there were no twilight races. committed team, who are always available to put a personal have set sail on Boxing website History & Archives page. • The Hall of Fame and Member Anniversary dinner was touch on events, lend a hand when required and to help Day, racing their way to 5. Ar chives Room now houses 1 x complete set of: again a combined event to celebrate 20, 30, 40 and 50 year welcome long-standing and new members to the CYCA. Hobart. Our Members • SHYR Programs memberships and to recognise the special achievements and their family and • OFFSHORE magazines of CYCA members, which in 2019 included those of Kay friends enjoyed a range • CYCA Annual Reports, and Cottee and it was wonderful to meet and catch up with her of events throughout the • CYCA Sailing Handbooks. at the dinner. The Commodore’s Ball proved a well- year to commemorate our received event in the Club’s 75th year. • Early SHYR files. anniversary, particularly • The Children’s Christmas party was a great family afternoon Other CYCA historical artefacts or information are also the Commodore’s Ball in June. The Veteran’s Regatta with Santa arriving by water to the delight of young and old. and Dinner in December provided great recognition and housed here. For access to the Archives Room for recourse purposes, please contact CYCA’s reception. • The Crew party was huge and great fun, starting in the celebration of the beautiful boats, their skippers and crew Rolex Village again and then moving to the Clubhouse who have raced to Hobart over the years. 6. Display of Artefacts: The Archives Committee continues when the band started playing in the Morna room. to display artefacts in the Coasters Retreat Lounge and The CYCA Hall of Fame and Member Anniversary Dinner proved a popular evening. We celebrated International Women’s Day in March with a around the club house. breakfast panel, and have planned a number of events to celebrate and connect women in sailing through this year, SUSTAINABILITY WORKING GROUP – Chaired by Director Club’s approach to the re-use, recycling and reduction of • Continued reduction of single-use plastic items which is the 75th anniversary of the first two women to Justin Atkinson waste. The group focuses on all aspects of the club and works compete in the Rolex Sydney Hobart Yacht Race. In late 2019, the Club was successful in securing a community Since inception last year, the Sustainability Working Group with other Committees and Club management to help inform grant for the purchase of six SeaBins, which will be installed The Board, in developing the strategic direction for the has met monthly to work on continuously improving the Members and implement practical approaches that support around the marina and will assist in keeping the marina CYCA has reinforced our focus on Members with one of the environmentally sustainable practices for sailing and broader clean as well as helping to capture and reduce waste within four strategic pillars being optimising value for members. club operations. This year the Club has been active with a Rushcutters Bay. We are also working with our waste While the Clubhouse is currently closed, we are reviewing number of activities and initiatives such as: management providers to leverage ‘return and earn’ options our offering to Members and look forward to being able to • Clean Up Australia - in March 2020 a group of Members and for the many recyclable bottles and cans so that the Club can welcome you back into the Club. Darling Point locals spent the day collecting rubbish from look to reinvest funds for the betterment of Members. ARCHIVES SUB-COMMITTEE – Chaired by Director around the marina and Club grounds The Sustainability Working Group appreciates the input of Bradshaw Kellett • Working towards Clean Marina accreditation as part of the many Members who have shared their ideas on how we can The Archives Committee has welcomed Martin James and International Clean Marina standards continue to improve. Through our efforts we want to continue Chris Iacono to the Committee. We had six primary projects • Working towards Clean Regatta accreditation in line with to demonstrate that, as sailors, we care about the state of our underway in 2019/2020. The CYCA’s International Women’s Day breakfast was once again well supported. many major regattas around the world waterways and a show leadership within our community.

16 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 17 / PREMISES / SPECIAL EVENTS 2019 2020 COMMITTEE 2019 2020 COMMITTEE

Treasurer Arthur Lane Commodore Paul Billingham

The Premises Committee oversees capital work at the Club. The Committee has reviewed and updated the license In 2018, in preparation for the 75th anniversary of the was very focussed on delivering a broader coverage of Capital works expenditure over the past year has been on: agreements, Marina By-laws and the Marina Berthing Policy. Club, the Rolex Sydney Hobart Yacht Race Committee the race start. It worked with Channel 7 to ensure that its These will progressively be given to berth holders as their was expanded and rebadged to cover the range of one- cameras focussed on all the great stories in the middle of • The much-needed upgrade to the larger of the two existing agreements expire. The Marina presently houses off events and activities that would happen at the Club the fleet and towards the back, not just those captivating carparks including security gates, security lighting and about 212 vessels however as there are also about 175 in 2019. match racing supermaxis (will we ever see five 100-footers night lighting. The new gates together with the ‘smart yachts on the waiting list the Committee have spent time race together again?). This saw coverage of the main fleet card’ system (your Membership card) have given our It cut its teeth overseeing the hugely successful Invictus on developing a policy for having inactive vessels removed. increase from 15 per cent of the broadcast in 2018 to 65 per Management Team greater control over the usage of the Games but came into its own this year to be not just the The Board has accepted the Committee’s recommendation cent in 2019 – a resounding success. bays for Members of the Club. The Board has also taken a driving force behind the success of the 75th race, but also with regard to inactive vessels on the Marina in order to far more stringent approach on Members who deliberately the Veterans Regatta, Commodore’s Ball and many other Another standout for me was the efforts of our amazing reduce the waiting list for active Members requiring berths. park in no-parking areas, emergency-only and accessible celebrations. Sailing Office team – I heard nothing but compliments from A matrix has also been developed providing a fairer and parking spaces. competitors throughout. more transparent method for assessing the difficult task of Its main focus was, however, the Great Race and, with • The timber piles and substructure to the lower deck was allocating berths once available. The Committee are also the incredible commitment of the Management team and The Committee’s success I attribute to the diversity of strengthened to comply with the revised loading capacity reviewing the continuing status of berth holders who are Volunteers, the Club ran a hugely successful 75th with skills and experience that came together. So, thank you standards. consistently not timely with payment of their marina fees. the largest global and domestic following in the history Vice Commodore Noel Cornish, Rear Commodore Janey of the race. Treleaven, Directors Justin Atkinson and Leander Klohs, • A further 10 lockers have been acquired to supplement the The proposal for re-aligning the berths at the end of A-Arm, Past Commodores David Kellett and Martin James, Life ones presently on the hardstand. from east-west berths to north-south orientated berths, The race organisation was exemplary and, despite the Members Kendi Kellett and Peter Shipway and Members has been reconsidered and will form part of an application forced cancellation of the Grinders Coffee SOLAS Big Our Management Team have again demonstrated their Katherine Bennett, Julia Owens and Caz Grant for your request to Authorities to convert the existing casual berths Boat Challenge due to the bushfires, the four-line start on dedication on the very effective preventative maintenance dedication in supporting myself and Past CEO Eddie to permanent berths. Boxing Day was perfect and Sydney saw our Club, and our schedule. They work within strict budgeting capital Moore along with the senior management team of Justine sport, at its very best. expenditure restraints and their ability and agility to deal I would also like to acknowledge and thank the Committee Kirkjian, Marina Gibson, Nick Janzen, Amanda Brodie and with and resolve the very many unexpected issues that arise for all its very valuable input, oversight and time over the The Committee spent many hours to deliver this result Fiona Cole to deliver this race. ensures that all the Club’s assets and facilities are maintained past year. Having the knowledge, skills and diverse abilities including: The 75th race was such a big part of all of our lives for well at the highest standards for use by Members. of Past Commodore Kerry Roxburgh, past Directors Peter Shipway and Andrew Wenham, Directors Bradshaw Kellett • Leading the strong relationship with finishing partner, over a year - and I shall never forget spending Christmas The efforts that Tom Giese, Max Leonard, Stephen Cole, Max and David Jacobs and Member Kieran Wallis has allowed RYCT led by the excellent Commodore Tracy Matthews; morning on the phone with Race Committee Chair David Henderson and Manuel Bonacini put into the day-to-day Jordan, tracker supremo Martin James and Radio Relay this Committee to work through and successfully resolve • Driving the successful development and launch of Rob management and maintenance of the buildings, Marina and Vessel leader David Kellett working on contingency plans the many issues that have arisen over the year. Mundle’s book “The Sydney Hobart Yacht Race”; the site to make our use of the facilities so accessible are for a smoky Sydney harbour and thinking about the clarity The entire operation of the Cruising Yacht Club of Australia, on and off the water, very much appreciated. comes from strong governance and effective implementation. • With the inspiration of the Kellett family, commissioning of radio signals 50 miles offshore! an original oil painting by Ian Hansen commemorating the race presented to Rolex (with a copy in each of the CYCA and RYCT Clubhouses);

• Helping deliver sold-out functions including the Corporate Lunch, Skippers’ party and, with the Associates Committee, the Crew party;

• Supporting Amanda Brodie to reimagine and uplift in the shore-side experience in Sydney and Hobart; and

• Most importantly, working with the Sailing Office, Race Committee, volunteers, skippers and crews to deliver one of the safest races, with the lowest attrition rate, in history!

Outside of these activities the Committee The 2019 Rolex Sydney Hobart Yacht Race, the 75th Sydney Hobart, was a stunning success.

18 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2019 19 AUDIT PLANNING & CYCA SOLAS TRUST 2019/2020 RISK COMMITTEE REPORT 2019/2020 REPORT

Vice Commodore Noel Cornish AM David Kellett AM

The members of this Committee are: Rear Commodore would like to express my gratitude to the Management, The CYCA Sydney Hobart Race SAFETY OF LIFE AT SEA We are sure the next financial year will be a difficult year for Janey Treleaven, Treasurer Arthur Lane, Director David the Committee and the Board for their dedication and Trusts (CYCA SOLAS TRUSTS) were established following fund raising. Jacobs, Thomas Barker, Peter Gothard, Amanda Wilmot, commitment to enhancing the governance and the risk the tragic loss of six lives in the 1998 Sydney Hobart Yacht In closing, I wish to thank my fellow Trustees for their Steven York and Peter Whitford SC. management function at our Club. Race. They continue to raise funds for disbursement to ongoing commitment to this great charity, Matt Allen, Paul needy families and safety organisations. The Committee continued to undertake its traditional role of Billingham, David Gotze, Leander Klohs, Arthur Lane as well planning, overseeing, reviewing and monitoring the financial, The CYCA SOLAS Trusts have a 100-per-cent flow through as the support of Vice Commodore Noel Cornish. commercial and legal matters that underpin the functioning to the beneficiary from donations making the Trusts truly The CYCA Members should be proud of the activities of the of our Club such as operating budgets, capital expenditure, unique and with great impact, with administration and SOLAS Trusts. annual accounts, auditor’s reports, critical communications, I would like to express my management costs to run the Trusts absorbed by the CYCA. contracts, grant applications, sponsorship agreements, gratitude to the management, Due to the support of the CYCA Board and the genorosity insurances and race arrangements. the Committee and the Board of several notable benefactors, we have raised in excess of As the complexity of managing the business and activities $140,000 this year; while distributing more than $100,000 at the CYCA is increasing both on and off the water, I for their dedication and commitment towards several search and rescue projects in NSW and Queensland. The funds were put towards new motors for “ rescue vessels, upgrade to radio systems and night vision cameras which help all water users, not just ocean racers.

The annual SOLAS dinner co-ordinated by Kendi Kellett was held in October with Olympic Coach and long-time Club Member Mike Fletcher as the guest speaker. The evening a great success attended by more than 150 Members and supporters who raised in excess of $30,000.

Newcastle Cruising Yacht Club continued as a great supporter of SOLAS and held a dinner in their Clubhouse in November with round the world, Olympic yachtsman and local Member Chris Nicholson as guest speaker. Another exceptional evening with terrific auction prizes donated by local businesses raised $13,000 on the night. Our thanks go to Commodore Steve Rae and General Manager Paul O’Rourke and their members for their wonderful support.

SOLAS has also become an integral part of the Rolex Sydney Hobart Yacht Race Corporate Lunch in December where we raised a further $20,000.

2020 has turned out to be a difficult year for many and The Rolex Sydney Hobart Yacht Race Corporate Lunch is one of many events that SOLAS is bracing for a call for support from many quarters. benefits the great work of the CYCA SOLAS TRUSTS.

20 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 21 Your Directors present their report on the / DIRECTORS’ 2019 2020 REPORT company for the year ended 31 March 2019

The Directors of the company at any time during or since the end of the financial year are: Directors’ meetings

The number of directors’ meetings (including meetings of committees of directors) and number of meetings attended by Name and qualifications Age Experience and special responsibilities each of the directors of the company during the financial year are:

Mr Paul Billingham Director since July 2006 FCA, FGIA, GAICD, RITP Board MEETINGS OTHER MEETINGS Sydney Office Chair and Head of Consulting, Grant Thornton Australia Ltd Non-executive Director 51 Number of Number of Number of Number of Director, CYCA SOLAS Limited Director Commodore Meetings Attended Meetings Held Meetings Attended Meetings Held Chairperson, Special Events Committee Owner – Defiant Paul Billingham 12 12 10 14 Mr Noel Cornish AM Director since July 2013 B.Sc., M.Eng.Sc., FAICD Noel Cornish 12 12 19 19 Chairperson, Audit, Planning & Risk Committee Hon. FUOW 70 Chairman IMB Bank, Janey Treleaven 11 12 27 35 Non-executive Director Chairman University of Wollongong Malaysia, Vice Commodore Director Forest Corporation NSW Samuel Haynes 8 12 9 9 Owner – St Jude Arthur Lane 11 12 18 21 Ms Janey Treleaven Director since July 2014 B.Info Systems Executive Manager, Commonwealth Bank of Australia Leander Klohs 12 12 7 19 Non-executive Director 40 Chairperson, Member Engagement Committee Rear Commodore Member, Audit, Planning & Risk Committee Justin Atkinson 12 12 11 14 Owner – Finn Member, Sailing Committee David Jacobs 12 12 17 21 Dr Samuel Haynes BSc BVMS GCM (VP) Director since July 2016 Bradshaw Kellett 8 12 13 30 Non-executive Director 56 Veterinarian, Sydney Animal Hospitals Rear Commodore Chairperson, Sailing Committee Owner – Celestial

Director since July 2010 Mr Arthur Lane Investment Banker B.Sc.(Q.S), M.A.(T.P) Corporate Governance KPMG Advisory Non-executive Director 72 Director, CYCA SOLAS Limited Treasurer Chairperson, Premises Committee Owner – Wilde Rush Director, CYCA Sailing Foundation Member, Audit, Planning & Risk Committee

Director since July 2014 Ms Leander Klohs Executive Manager, City of Sydney BA Comms 44 Director, CYCA SOLAS Limited Non-executive Director Deputy Chair, Member Engagement Committee

Mr Justin Atkinson Director since July 2018 BA Mgmt, M.Mgmt Sales Director 48 Non-executive Director Deputy Chair, Member Engagement Committee Owner – Kia Kaha Board Representative, Cruising Committee

Director since July 2018 Mr David Jacobs Solicitor BA, LLM Member, Premises Committee 70 Non-executive Director Deputy Chair, Audit, Planning & Risk Committee Owner – First Light Director, Fine Music Sydney Member, Audit, Planning & Risk Committee

Director since July 2018 Mr Bradshaw Kellett Director, B-sure Boating Services Pty Ltd Yachtmaster IV Deputy Chair, Sailing Committee 44 Non-executive Director Member, Member Engagement Committee Owner - Electra Member, Premises Committee Chair, Archives Committee

22 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 23 DIRECTORS’ REPORT CONT. DIRECTORS’ REPORT CONT.

Principal activities Review and results of operations Apart from the above, no other matters or circumstances Liability Insurance. The insurance is in respect of legal liability for have occurred subsequent to year end that have significantly damages and legal costs within an annual limit of $10,000,000 The principal activities of the company during the course of the The result from ordinary activities for the year amounted to a affected or may significantly affect the operations of the (subject to a sub limit of in any one insurance period) arising financial year were to promote participation in yachting, including loss of $679,534 (2019: $1,018,873 loss). This result was after Company, the results of those operations or the state of affairs from claims made by reason of any omissions or acts (other than the sport of sailing and to provide ocean racing facilities, training charging $1,561,900 (2019: $1,044,995) for depreciation and of the Company or economic entity in subsequent financial dishonesty) by them, whilst acting in their individual or collective and other yachting facilities and competitions for its members. amortisation, which increased significantly upon adoption of years. capacity as directors or officers of the company, towards which new accounting standards AASB16 Leases There were no significant changes in the nature of the activities the directors of the company contribute. The insurance premiums relate to: of the company during the year. Dividends Proceedings on behalf of company No person has applied to the Court under section 237 if the • costs and expenses incurred by the relevant officers in Objective The company is a non-profit organisation and is prevented by Corporations Act 2001 for leave to bring proceedings on behalf defending proceedings, whether civil or criminal and whatever its constitution from paying dividends. The Company’s short and long term objective is to be the of the company, or to intervene in any proceedings to which the their outcome; and premier keelboat racing club in Australia and to offer a sailing State of affairs Company is a party, for the purpose of taking responsibility on program that caters to a broad range of interests and skill levels. behalf of the company for all or part of those proceedings. • other liabilities that may arise from their position, with the In the opinion of the directors, there were no significant No proceedings have been brought or intervened in on behalf exception of conduct involving a wilful breach of duty or Strategy for achieving objective changes in the state of affairs of the company that occurred of the company with leave of the Court under section 237 of improper use of information or position to gain a personal advantage. To achieve this objective, the Company had adopted the during the financial year under review. the Corporations Act 2001. following short and long term strategies: Environmental regulation • Leadership in Sailing by continuously delivering the best blue Indemnification and insurance of officers The company’s operations are subject to various environmental water racing program (including elite pathways and influence The company has provided for and paid premiums to the value regulations under both Commonwealth and State legislation. in the sport) in Asia Pacific, of $5,983 (2019: $6,324) during the year for Management The Board believes that the company has adequate systems in • Building on-water activities by creating breadth and depth place for the management of its environmental requirements in our sailing program to provide greater opportunity for and is not aware of any breach of those environmental Members to sail and engage with on water activities, requirements as they apply to the company. • Optimise value for members by attracting and retaining active Members, and Likely developments

• Developing great people, by supporting the people who The directors do not anticipate any further development in support Members the operations of the Club which will affect the results in subsequent years. AUDITOR’S INDEPENDENCE These strategies helped the company to achieve its objective / during the year as evidenced by the over-whelming positive Events subsequent to reporting date 2019 2020 DECLARATION response to the 75th Rolex Sydney Hobart race, the Audi Centre Sydney Blue Water Pointscore Series, the success of our Youth By late 2019, a limited number of cases of an unknown virus Sailing Academy graduates and our ability to attract and retain had been reported to the World health Organisation. Following new Members and Employees. the subsequent spread of the virus, on 11 March 2020 the World Health Organisation declared the COVID-19 outbreak to be a Membership pandemic. A copy of the auditor’s independence declaration as required under section 307 of the Corporations Act 2001 is set out on page 26. The Club is a Company limited by guarantee and without share As the COVID-19 virus was identified in March 2020, the figures capital. The number of members as at 31 March 2020 and the in the annual report as at 31 March 2020 reflect the conditions This report is made in accordance with a resolution of directors. comparison with last year is as follows: known as at 31 March 2020 and they do factor in the initial effects of COVID-19, including the impact of the closure of the 2020 2019 No. No. Club house from 16 March 2020 onwards. However, as the virus is ongoing as at 26 May 2020, it is also Number of Members 3,080 2,963 considered to be a significant event continuing to occur after the reporting period. As such, management will continue to consider the potential implications of coronavirus, which Contribution in winding up includes disruptions to the Clubhouse operations and slowing The Company is incorporated under the Corporations Act of sales, given changes in customers’ circumstances which has 2001 and is a Company limited by guarantee. If the Company resulted in a decrease in revenue for the months of April and is wound up, the constitution states that each member is May 2020 when compared to prior years. Management expects required to contribute a maximum of $2 each towards meeting this to return to normalised levels in the short-to-medium term. P Billingham A Lane any outstanding obligations of the entity. At 31 March 2020, However, the coronavirus is unprecedented and as such the Commodore Treasurer the total amount that members of the Company are liable to Company will pay close attention to the development of the Sydney, 26 May 2020 Sydney, 26 May 2020 contribute if the Company wound up is $6,160 (2019: $5,926). situation and will continue to assess its impact on operations.

24 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 25 AUDITOR’S INDEPENDENCE STATEMENT OF 2019/2020 DECLARATION 2019/2020 COMPREHENSIVE INCOME

for the financial year ended 31 March 2020

Auditor’s Independence Declaration

As lead auditor for the audit of Cruising Yacht Club of Australia for the year ended 31 March 2020, I 2020 2019 Notes declare that to the best of my knowledge and belief, there have been: $ $

(a) no contraventions of the auditor independence requirements of the Corporations Act 2001 in Revenue from contracts with customers 5 10,387,060 8,952,434 relation to the audit; and Cost of sales (1,156,928) (967,147) (b) no contraventions of any applicable code of professional conduct in relation to the audit. Gross profit 9,230,132 7,985,287 Auditor’s Independence Declaration Other income 5 144 10,223 As lead auditor for the audit of Cruising Yacht Club of Australia for the year ended 31 March 2020, I Employee and employment expenses (3,522,582) (3,302,295) declare that to the best of my knowledge and belief, there have been: Entertainment and members costs (219,116) (195,107)

Chamilka(a) no contraventions Ratwatte of the auditor independence requirements of the Corporations Act 2001Sydney in Sailing event costs (780,018) (553,790) relation to the audit; and Partner 26 May 2020 Property expenses (1,063,427) (1,705,003) PricewaterhouseCoopers(b) no contraventions of any applicable code of professional conduct in relation to the audit. Insurance (174,093) (141,724)

Repairs and maintenance (321,232) (331,034)

Temporary services (32,865) (31,581)

Consultancy and audit fees (483,092) (352,083)

Chamilka Ratwatte Sydney Other operating expenses (995,693) (1,176,121) Partner 26 May 2020 PricewaterhouseCoopers Financing expenses 6 (755,792) (180,650) Depreciation and amortisation expenses (1,561,900) (1,044,995)

(Loss) before income tax (679,534) (1,018,873)

Income tax expense - -

(Loss) for the year 16 (679,534) (1,018,873)

Operating (loss) for the year (679,534) (1,018,873)

Other comprehensive income - -

Total comprehensive (loss) for the year (679,534) (1,018,873)

PricewaterhouseCoopers, ABN 52 780 433 757 One International Towers Sydney, Watermans Quay, Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T: +61 2 8266 0000, F: +61 2 8266 9999, www.pwc.com.au Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 T: +61 2 9659 2476, F: +61 2 8266 9999, www.pwc.com.au

Liability limited by a scheme approved under Professional Standards Legislation.

6 The accompanying notes form an integral part of the financial statements.

PricewaterhouseCoopers, ABN 52 780 433 757 26 CRUISINGOne YACHT International CLUB OF AUSTRALIA Towers ANNUAL Sydney, REPORT Watermans YEAR END MARCH Quay, 31 2020Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 27 T: +61 2 8266 0000, F: +61 2 8266 9999, www.pwc.com.au Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 T: +61 2 9659 2476, F: +61 2 8266 9999, www.pwc.com.au

Liability limited by a scheme approved under Professional Standards Legislation.

6 BALANCE STATEMENT OF CHANGES IN EQUITY / SHEET 2019 2020 for the financial year ended 31 March 2020 for the financial year ended 31 March 2020 Total attributable to the Retained profits members of the entity $ $ Balance at 31 March 2018 8,055,392 8,055,392 2020 2019 Notes Loss and total comprehensive loss for the year (1,018,873) (1,018,873) $ $ 7,036,519 7,036,519 Current assets Balance at 31 March 2019

Cash and cash equivalents 7 128,678 85,949 Loss and total comprehensive loss for the year (679,534) (679,534)

Trade and other receivables 8 123,742 767,563 Balance at 31 March 2020 6,356,985 6,356,985

Inventories 9 103,206 121,245 The accompanying notes form an integral part of the financial statements.

Other assets 10 215,633 160,836

Total current assets 571,259 1,135,593 STATEMENT OF CASHFLOW Non-current assets for the financial year ended 31 March 2020 Property, plant and equipment 11 15,426,223 18,125,650

Right-of-use assets 15 15,098,207 - 2020 2019 Notes Total non-current assets 30,524,430 18,125,650 $ $

Total assets 31,095,689 19,261,243 Cash flows from operating activities

Current liabilities Cash receipts in the course of operations 12,691,943 10,252,031

Trade and other payables 12 1,011,934 1,363,831 Cash payments in the course of operations (10,421,512) (8,578,458)

Provisions 13 586,318 384,757 Cash generated from operations 2,270,431 1,673,573

Borrowings 14 584,707 768,552 Interest paid (123,105) (77,283)

Contract Liabilities 1,376,938 1,349,206 Net cash provided by investing activities 19 2,147,326 1,596,290

Lease Liabilities 15 400,647 - Cash flows from investing activities

Total current liabilities 3,960,544 3,866,346 Interest received 144 (1,313)

Non-current liabilities Payments for property, plant and equipment (668,396) (8,553,150)

Provisions 13 4,422,469 5,795,094 Net cash used in/ provided by investing activities (668,252) (8,554,463)

Borrowings 14 1,886,014 2,563,284 Cash flow from financing activities

Lease Liabilities 15 14,469,677 - Proceeds from borrowings - 3,331,836

Total non-current liabilities 20,778,160 8,358,378 Repayment of borrowings (545,759) (491,970)

Total liabilities 24,738,704 12,224,724 Principal elements of lease payments (890,586) -

Net assets 6,356,985 7,036,519 Net cash provided by financing activities (1,436,345) 2,839,866

Members' funds Net (decrease)/increase in cash held 42,729 (4,118,307)

Retained profits 16 6,356,985 7,036,519 Cash and cash equivalents at 1 April 85,949 4,204,256

Total members' funds 6,356,985 7,036,519 Cash and cash equivalents at 31 March 7 128,678 85,949

The accompanying notes form an integral part of the financial statements. The accompanying notes form an integral part of the financial statements.

28 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 29 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) NOTES TO THE 2019/2020 FINANCIAL STATEMENTS for the financial year ended 31 March 2020 • AASB 2018-4 Amendments to Australian Accounting to apply at the time of settlement. Standards - Australian Implementation Guidance for Not- Liabilities recognised in respect of employee benefits which for-Profit Public Sector Licensors are not expected to be settled within 12 months are measured • AASB 2018-8 Amendments to Australian Accounting at the present value of the estimated future cash outflows to Standards - Right-of-Use Assets of Not-for-Profit Entities be made by the company in respect of services provided by 1 GENERAL INFORMATION current assets and financial instruments. Cost is based on employees up to reporting date. the fair values of the consideration given in exchange for • AASB 15 Revenue from contracts with customers Cruising Yacht Club of Australia (“the Company”) is a assets. All amounts are presented in Australian dollars, Long term service benefits company limited by guarantee and operating in Australia. • AASB 16 Leases unless otherwise noted. The Company’s net obligation in respect of long-term service In accordance with the Constitution of the Cruising Yacht The Company also elected to adopt the following In the application of the company’s accounting policies, benefits is the amount of future benefit that employees have Club of Australia, every member of the company undertakes amendments early: earned in return for their service in the current and prior to contribute to the assets of the company. In the event of which are described within this note, management is • AASB 2018-7 Amendments to Australian Accounting periods. The obligation is calculated using expected future the company being wound up, whilst he or she is a member required to make judgments, estimates and assumptions Standards - Definition of Material. increases in wage and salary rates including related on-costs or within one year after he or she ceases to be a member and about carrying values of assets and liabilities that are not The Company had to change its accounting policies as and expected settlement dates and is discounted using rates of the costs, charges and expenses of winding up such as readily apparent from other sources. The estimates and a result of adopting AASB 15 and AASB 16. The Company for Commonwealth Government bonds at the balance date may be required, not exceeding $2 per member. associated assumptions are based on historical experience and various other factors that are believed to be reasonable elected to adopt the new rules retrospectively but which have maturity dates approximating to the terms of the The company has 3,080 (2019: 2,963 members) members at under the circumstance, the results of which form the basis recognised the cumulative effect of initially applying the new Company’s obligations. year end. standard on 1 April 2019. This is disclosed in note 3. The other of making the judgments. Actual results may differ from (g) Financial assets Cruising Yacht Club of Australia’s registered office and its these estimates. amendments listed above did not have any impact on the Loans and receivables principal place of business is 1 New Beach Road, Darling amounts recognised in prior years and are not expected to The estimates and underlying assumptions are reviewed Point, NSW 2027. significantly affect the current or future years. Trade receivables, loans, and other receivables that have on an ongoing basis. Revisions to accounting estimates are fixed or determinable payments that are not quoted in an 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES recognised in the period in which the estimate is revised if the (c) New accounting standards and interpretations not yet active market are classified as ‘loans and receivables’. Loans revision affects only that period or in the period of revision adopted The principal accounting policies adopted in the preparation and receivables are measured at amortised cost using the and future periods if the revision affects both current and Certain new accounting standards and interpretations of the financial report are set out below. These policies have effective interest method less impairment. future periods. been consistently applied to all the years presented, unless have been published that are not mandatory for 31 March 2020 reporting periods and have not been early adopted Interest is recognised by applying the effective interest rate otherwise stated. Judgments made by management that have significant by the Company. These standards are not expected to have basis for debt instruments other than those financial assets effects on the financial statements and estimates with a (a) Basis of preparation a material impact on the entity in the current or future ‘at fair value through profit or loss’. significant risk of material adjustments in the next year are reporting periods and on foreseeable future transactions. These general purpose financial statements have been disclosed, where applicable, in the relevant notes to the Impairment of financial assets prepared in accordance with Australian Accounting financial statements. (d) Borrowing costs Financial assets, other than those at fair value through profit Standards and Interpretations issued by the Australian Accounting Standards Board and the Corporations Act 2001. Accounting policies are selected and applied in a manner Borrowing costs directly attributable to the acquisition or loss, are assessed for indicators of impairment at each The financial statements also comply with other requirements which ensures that the resulting financial information and construction of qualifying assets, which are assets that balance sheet date. Financial assets are impaired where there of the law including the Registered Clubs Act. Cruising Yacht satisfies the concepts of relevance and reliability, thereby necessarily take a substantial period of time to get ready for is objective evidence that as a result of one or more events Club of Australia is a not-for-profit entity for the purpose of ensuring that the substance of the underlying transactions their intended use, are added to the costs of those assets, that occurred after the initial recognition of the financial preparing the financial statements. or other events is reported. until such time as the assets are substantially ready for their asset the estimated future cash flows of the investment have intended use. been impacted. For financial assets carried at amortised cost, (b) New and amended standards adopted by the Company The financial report complies with Australian Accounting the amount of the impairment is the difference between the (e) Cash and cash equivalents Standards as issued by the Australian Accounting Standards The Company has applied the following standards and asset’s carrying amount and the present value of estimated Board (AASB). amendments for the first time in their annual reporting Cash comprises cash on hand and deposits at call. Cash future cash flows, discounted at the original effective interest equivalents are short-term, highly liquid investments that are The financial statements were authorised for issue by the period commencing 1 April 2019: rate. readily convertible to known amounts of cash and which are directors on 26 May 2020. • AASB 2017-6 Amendments to Australian Accounting subject to an insignificant risk of changes in value and have The carrying amount of the financial asset is reduced by (i) Compliance with Australian Accounting Standards – Standards - Prepayment Features with Negative a maturity of three months or less at the date of acquisition. the impairment loss directly for all financial assets with the Reduced Disclosure Requirements Compensation exception of trade receivables where the carrying amount (f) Employee benefits is reduced through the use of an allowance account. When The financial statements of the Cruising Yacht Club of • AASB 2017-7 Amendments to Australian Accounting A liability is recognised for benefits accruing to employees in a trade receivable is uncollectible, it is written off against Australia comply with Australian Accounting Standards – Standards - Long-term Interests in Associates and Joint respect of wages and salaries, annual leave and long service the allowance account. Subsequent recoveries of amounts Reduced Disclosure Requirements as issued by the Australian Ventures leave when it is probable that settlement will be required and previously written off are credited against the allowance Accounting Standards Board (AASB). • AASB 2018-1 Amendments to Australian Accounting they are capable of being measured reliably. account. Changes in the carrying amount of the allowance (ii) Historical cost convention Standards - Annual Improvements 2015-2017 Cycle account are recognised in profit or loss. Liabilities recognised in respect of employee benefits The financial report has been prepared on the basis of • AASB 2018-2 Amendments to Australian Accounting expected to be settled within 12 months, are measured at If, in a subsequent period, the amount of the impairment loss historical cost, except for the revaluation of certain non- Standards - Plan Amendment, Curtailment or Settlement their nominal values using the remuneration rate expected decreases and the decrease can be related objectively to an

30 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 31 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

event occurring after the impairment was recognised, the If the recoverable amount of an asset is estimated to be basis over the period of the lease. including buildings on leasehold land. Depreciation is previously recognised impairment loss is reversed through less than its carrying amount, the carrying amount of the calculated on a straight-line basis so as to write off the (l) Trade receivables profit or loss to the extent the carrying amount of the asset is reduced to its recoverable amount. An impairment net cost or other revalued amount of each asset over its investment at the date the impairment is reversed does not loss is recognised immediately in profit or loss, unless the Impairment of financial assets expected useful life to its estimated residual value. Leasehold exceed what the amortised cost would have been had the relevant asset is carried at revalued amount, in which case The company applies the AASB 9 simplified approach improvements are depreciated over the period of the lease impairment not been recognised. the impairment loss is treated as a revaluation decrease. to measure expected credit losses which uses a lifetime or estimated useful life, whichever is the shorter, using the straight-line method. (h) Financial instruments issued by the company Where an impairment loss subsequently reverses, the expected loss allowance for all trade receivables and contract carrying amount of the asset is increased to the revised assets. The estimated useful lives, residual values and depreciation Debt and equity instruments estimate of its recoverable amount, but only to the extent that Previous accounting policy for impairment of trade method are reviewed at the end of each annual reporting Debt and equity instruments are classified as either liabilities the increased carrying amount does not exceed the carrying receivables period, with the effect of any changes recognised on a or as equity in accordance with the substance of the amount that would have been determined had no impairment prospective basis. contractual arrangement. loss been recognised for the asset (cash-generating unit) in Trade receivables are recognised initially at fair value and The gain or loss arising on disposal or retirement of an prior years. A reversal of an impairment loss is recognised in subsequently measured at amortised cost using the effective Financial liabilities item of property, plant and equipment is determined as the profit or loss immediately, unless the relevant asset is carried interest method, less provision for impairment. Trade difference between the sales proceeds and the carrying Financial liabilities are classified as either financial liabilities at fair value, in which case the reversal of the impairment loss receivables are generally due for settlement within 30 days. amount of the asset and is recognised in the statement of ‘at fair value through profit or loss’ or other financial liabilities. is treated as a revaluation increase. They are presented as current assets unless collection is not expected for more than 12 months after the reporting date comprehensive income. Other financial liabilities (j) Income tax Collectability of trade receivables is reviewed on an ongoing The following estimated lives are used in the calculation of Other financial liabilities, including borrowings, are initially No provision has been made for income tax as the basis. Debts which are known to be uncollectible are written depreciation: measured at fair value, net of transaction costs. Company is exempt under Section 50-45 of the Income Tax off by reducing the carrying amount directly. An allowance Leasehold improvements 5 – 33 years / term of the lease Other financial liabilities are subsequently measured at Assessment Act (1997), provided it continues as a sporting account (provision for impairment of trade receivables) is Boats 2 – 10 years amortised cost using the effective interest method, with club predominately encouraging and promoting the sport used when there is objective evidence that the company Plant and equipment 2 – 10 years interest expense recognised on an effective yield basis. of yachting, boating, cruising for pleasure and the building will not be able to collect all amounts due according to Motor vehicles 8 years and sailing of yachts and boats. Accordingly, tax effect The effective interest method is a method of calculating the the original terms of the receivables. The amount of the accounting has not been adopted by the Company. (o) Trade and other payables amortised cost of a financial liability and of allocating interest impairment allowance is the difference between the asset’s expense over the relevant period. The effective interest rate (k) Leases carrying amount and the present value of estimated future These amounts represent liabilities for goods and services cash flows, discounted at the original effective interest provided to the company prior to the end of financial is the rate that exactly discounts estimated future cash As explained in note 2(b) above, the Company has changed rate. Cash flows relating to short term receivables are not year which are unpaid. The amounts are unsecured and payments through the expected life of the financial liability, its accounting policy for leases where the Company is the discounted if the effect of discounting is immaterial. are usually paid within negotiated terms. Trade and other or, where appropriate, a shorter period. lessee. The new policy is described and the impact of the payables are presented as current liabilities unless payment (i) Impairment of other tangible and intangible assets change is explained in note 3. The amount of the impairment loss is recognised in profit is not due within 12 months from the reporting date. They or loss within other expenses. When a trade receivable At each reporting date, the company reviews the carrying Until 31 March 2019, leases of property, plant and equipment are recognised initially at their fair value and subsequently for which an impairment allowance had been recognised amounts of its tangible and intangible assets to determine where the Company, as lessee, had substantially all the risks becomes uncollectible in a subsequent period, it is written measured at amortised cost using the effective interest whether there is any indication that those assets have and rewards of ownership were classified as finance leases. off against the allowance account. Subsequent recoveries method. suffered an impairment loss. If any such indication exists, Finance leases were capitalised at the lease’s inception at of amounts previously written off are credited against other (p) Borrowings the recoverable amount of the asset is estimated in order the fair value of the leased equipment or, if lower, the present expenses in profit or loss. to determine the extent of the impairment loss (if any). value of the minimum lease payments. The corresponding Borrowings are initially recognised at fair value, net of Where the asset does not generate cash flows that are rental obligations, net of finance charges, were included (m) Inventories transaction costs incurred. Borrowings are subsequently independent from other assets, the company estimates the in other short-term and long-term payables. Each lease Inventories are valued at the lower of cost and net realisable measured at amortised cost. Any difference between the recoverable amount of the cash-generating unit to which payment was allocated between the liability and finance value. Net realisable value represents the estimated selling proceeds (net of transaction costs) and the redemption the asset belongs. Where a reasonable and consistent basis cost. The finance cost was charged to profit or loss over price less all estimated costs of completion and costs amount is recognised in profit or loss over the period of the of allocation can be identified, corporate assets are also the lease year so as to produce a constant periodic rate of necessary to make the sale. borrowings using the effective interest method. Fees paid allocated to individual cash-generating units, or otherwise interest on the remaining balance of the liability for each on the establishment of loan facilities are recognised as (n) Property, plant and equipment they are allocated to the smallest group of cash-generating year. The plant and equipment acquired under finance transaction costs of the loan to the extent that it is probable units for which a reasonable and consistent allocation basis leases were depreciated over the asset’s useful life, or over Plant and equipment, leasehold improvements and that some or all of the facility will be drawn down. In this can be identified. the shorter of the asset’s useful life and the lease term, if equipment under finance lease are stated at cost less case, the fee is deferred until the draw down occurs. To the there is no reasonable certainty that the Company will obtain accumulated depreciation and impairment. Cost includes extent there is no evidence that it is probable that some or Recoverable amount is the higher of fair value less costs to ownership at the end of the lease term. expenditure that is directly attributable to the acquisition all of the facility will be drawn down, the fee is capitalised as sell and value in use. In assessing value in use, the estimated of the item. In the event that settlement of all or part of a prepayment for liquidity services and amortised over the future cash flows are discounted to their present value Leases in which a significant portion of the risks and rewards the purchase consideration is deferred, cost is determined period of the facility to which it relates. using a pre-tax discount rate that reflects current market of ownership were not transferred to the Company as lessee by discounting the amounts payable in the future to their assessments of the time value of money and the risks specific were classified as operating leases (note 18). Payments made Borrowings are classified as current liabilities unless the present value as at the date of acquisition. to the asset for which the estimates of future cash flows have under operating leases (net of any incentives received from company has an unconditional right to defer settlement of not been adjusted. the lessor) are charged to profit or loss on a straight-line Depreciation is provided on property, plant and equipment, the liability for at least 12 months after the reporting period.

32 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 33 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

(q) Provisions the costs incurred or to be incurred cannot be measured (a) AASB 15 Revenue from Contracts with Customers are only applied after that date. This did not result in any reliably; there is a risk of return of goods; or there is continuing measurement adjustments for residual value guarantees or Provisions are recognised when the company has a present AASB 15 Revenue from Contracts with Customers is based management involvement with the goods. for variable lease payments based on an index or rate. The obligation (legal or constructive) as a result of a past event, on the principle that revenue is recognised when control of remeasurements to the lease liabilities were recognised as it is probable that the company will be required to settle Subscriptions a good or service transfers to a customer, so the concept of the obligation, and a reliable estimate can be made of the adjustments to the related right-of-use assets immediately Subscription fees are taken into account on an accruals basis control has replaced the previous criteria of the transfer of after the date of initial application. amount of the obligation. and the portion relating to the ensuing year is transferred to risks and rewards in order for revenue to be recognised. The amount recognised as a provision is the best estimate subscriptions in advance. A new five-step process is applied before revenue is (i) Practical expedients applied of the consideration required to settle the present obligation Yard and marina recognised: In applying AASB 16 for the first time, the Company has at reporting date, taking into account the risks and • identify contracts with customers, used the following practical expedients permitted by the uncertainties surrounding the obligation. Where a provision The yard and marina revenue includes casual and permanent berthing fees, hardstand fees, locker fees and tender fees standard: is measured using the cash flows estimated to settle the • identify the separate performance obligation, present obligation, its carrying amount is the present value provided to members and other patrons of the Club. Yard • applying a single discount rate to a portfolio of leases with and marina revenue is recognised when the goods or services • determine the transaction price of the contract, of those cash flows. reasonably similar characteristics; are provided. • allocate the transaction price to each of the separate When some or all of the economic benefits required to settle • relying on previous assessments on whether leases are Sailing revenue performance obligations, and a provision are expected to be recovered from a third party, onerous as an alternative to performing an impairment the receivable is recognised as an asset if it is virtually certain Sailing revenue consists of ferry charter fees, race entry fees, • recognise the revenue as each performance obligation is review - there were no onerous contracts as at 1 April 2019; that reimbursement will be received and the amount of the sponsorship and other associated income. Sailing revenue satisfied. receivable can be measured reliably. is recognised when the goods or services are provided for • accounting for operating leases with a remaining lease Practical expedients applied all revenue except sponsorship which is recognised as it term of less than 12 months as at 1 April 2019 as short-term Site restoration make good provision accrues. The Company has chosen the simplified transition method, it leases; A provision for site restoration is recognised when an Rental income may elect to apply AASB 15 retrospectively only to contracts • excluding initial direct costs for the measurement of the obligation exists to restore certain sites for the effect of the that are not completed at the date of initial application (1 right-of-use asset at the date of initial application; and Rental income from property is recognised on a straight-line company’s operations. April 2019). basis over the term of the lease. Lease incentives granted The provision is the best estimate of the present value of the • using hindsight in determining the lease term where the are recognised as an integral part of the total rental income. The Company has adopted AASB 15 Revenue from Contracts expenditure required to settle the restoration obligation at contract contains options to extend or terminate the with Customers from 1 April 2019. This has resulted in changes the reporting date. The amount is reviewed every year and Interest revenue lease. to the accounting policies for the Company’s material changes recognised at the end of the reporting period. Interest revenue is accrued on a time basis, by reference to revenue streams but has not resulted in any changes as to The Company has also elected not to reassess whether (r) Revenue from contracts with customers the principal outstanding and at the effective interest rate how revenue is recognised by the Company. a contract is or contains a lease at the date of initial applicable, which is the rate that exactly discounts estimated application. Instead, for contracts entered into before the Revenue is measured at the fair value of the consideration (b) AASB 16 Leases future cash receipts through the expected life of the financial received or receivable. transition date the Company relied on its assessment made asset to that asset’s net carrying amount. As indicated in note 2(b) above, the Company has adopted applying AASB 117 and Interpretation 4 Determining whether The company recognises revenue when the amount of (s) Goods and Services Tax (GST) AASB 16 Leases retrospectively from 1 April 2019 but has an Arrangement contains a Lease. revenue can be reliably measured, it is probable that future not restated comparatives for the 2019 reporting year. The Revenues, expenses and assets are recognised net of the (ii) Measurement of lease liabilities economic benefits will flow to the entity and specific reclassifications and the adjustments arising from the new amount of associated GST, unless the GST incurred is not criteria have been met for each of the company’s activities leasing rules are recognised in the opening balance sheet on recoverable from the taxation authority. In this case it is 2019 as described below. The company bases its estimates on 1 April 2019. historical results, taking into consideration the type of recognised as part of the cost of acquisition of the asset or $ The new accounting policies and adoption methods are customer, the type of transaction and the specifics of each as part of the expense. Operating lease commitments disclosed 20,851,184 disclosed in note 15. On adoption of AASB 16, the Company arrangement. Receivables and payables are stated inclusive of the amount as at 31 March 2019 recognised lease liabilities in relation to leases which had of GST receivable or payable. The net amount of GST Discounted using the lessee’s incremental 14,665,491 Revenue is recognised for the major business activities using previously been classified as ‘operating leases’ under the recoverable from, or payable to, the taxation authority is borrowing rate at the date of initial the methods outlined below. principles of AASB 117 Leases. These liabilities are measured included with other receivables or payables in the balance application Goods sold and services rendered at the present value of the remaining lease payments, sheet. discounted using the lessee’s incremental borrowing rate as Add: finance lease liabilities recognised as 316,779 Revenue from the sale of goods comprises revenue earned Cash flows are presented on a gross basis. The GST of 1 April 2019. The weighted average lessee’s incremental at 31 March 2019 from the provision of beverage and other goods and is components of cash flows arising from investing or financing borrowing rate applied to the lease liabilities on 1 April 2019 recognised in the statement of comprehensive income when activities which are recoverable from, or payable to the was 3.48%. Lease liability recognised as at 1 April 14,982,270 the significant risks and rewards of ownership have been taxation authority, are presented as operating cash flows. transferred to the buyer. Revenue from services to members For leases previously classified as finance leases the Company 2019 3 CHANGES IN ACCOUNTING POLICIES and other patrons of the Company is recognised in the recognised the carrying amount of the lease asset and lease Of which are: statement of comprehensive income when the services are liability immediately before transition as the carrying amount This note explains the impact of the adoption of AASB 15 Current lease liabilities 390,116 provided. No revenue is recognised if there are significant Revenue from Contracts with Customers and AASB 16 of the right of use asset and the lease liability at the date of Non-current lease liabilities 14,592,154 uncertainties regarding recovery of the consideration due; Leases on the Company’s financial statements. initial application. The measurement principles of AASB 16

34 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 35 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

5 Revenue from contracts with customers

4 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS 2020 2019 Estimates and judgements are continually evaluated and are $ $ based on historical experience and other factors, including Revenue from sale of goods – bar, food and merchandise sales 2,879,056 2,520,600 expectations of future events that may have a financial impact on the entity and that are believed to be reasonable Revenue from rendering of services – berthing, hardstand and sponsorship 5,606,743 4,760,630 under the circumstances. Revenue from Race entry 487,760 379,500 (a) Critical accounting estimates and assumptions Subscription revenue 1,165,534 1,132,335 The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by Rental income (inc function room rental) 247,967 159,369 definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of 10,387,060 8,952,434 causing a material adjustment to the carrying amounts Other income of assets and liabilities within the next financial year are discussed below. Interest revenue 144 10,223

(i) Make good provision 10,387,204 8,962,657 This provision represents the present value of the directors’ best estimate of the future sacrifice of economic benefits (a) Disaggregation of revenue from contracts with customers that will be required to settle the site restoration make good obligations pursuant to the company’s lease of land and The Company derives revenue over time and at a point in time as follows: waterways. The estimate has been made on the basis of a cost estimate obtained from a Quantity Surveyor which has 2020 2019 been projected to a future value using an escalation rate. The $ $ escalation rate is the equivalent of CPI and, where applicable, Timing of revenue recognition additional escalation for specific elements of the leased property. The discount rate applied to bring this future value At a point in time 3,366,816 2,520,600 back to its present value carrying amount is based on the Over time 7,020,244 6,431,834 incremental borrowing rate. Total revenue 10,387,060 8,952,434

(b) Presentation of assets and liabilities related to contracts with customers

The Company has also voluntarily changed the presentation of certain amounts in the balance sheet to reflect the terminology of AASB 15, including Contract liabilities in relation to sponsorship agreements, berthing fees, hardstand fees, and subscription revenue which were previously presented as income received in advance ($1,349,206 as at 31 March 2019).

(c) Practical expedients applied

The Company has chosen the simplified transition method, and has elected to apply AASB 15 retrospectively only to contracts that are not completed at the date of initial application (1 April 2019).

6 Financing expenses

2020 2019 $ $

Interest expense on external borrowings 123,105 77,283

Other interest expense – unwind of make good provisions discount 103,367 103,367

Other interest expense – unwind of lease liability discount 529,320 -

Financing expenses 755,792 180,650

36 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 37 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

7 Cash and cash equivalents 11 Property, plant and equipment

2020 2019 Leasehold Plant and Boats Total $ $ improvements equipment $ $ $ $ Cash at bank 127,488 64,244 Cost Cash on hand 1,190 21,705 Balance at 31 March 2018 20,752,291 1,564,223 2,578,357 24,894,871 128,678 85,949 Additions 7,611,744 35,146 23,602 7,670,492

Disposals (57,458) - - (57,458) 8 Trade and other receivables Adjustments/transfers 940,115 - - 940,115 2020 2019 $ $ Balance at 31 March 2019 29,246,692 1,599,369 2,601,959 33,448,020 Adjustment for change in accounting Trade receivables 110,578 756,027 (3,005,925) - (557,308) (3,563,233) policy (see note 3(b)) Allowance for doubtful debts - - Rested balance at 31 March 2019 26,240,767 1,599,369 2,044,651 29,884,787 110,578 756,027 Additions 312,314 48,934 51,959 413,207

Interest receivable 5,279 11,536 Adjustments/transfers (29,369) 1,201 30,954 2,786

GST receivable 7,885 - Balance at 31 March 2020 26,523,712 1,649,504 2,127,564 30,300,780

123,742 767,563

Ageing of past due but not impaired trade and other receivables Accumulated depreciation and Amortisation Balance at 31 March 2018 11,805,508 1,043,794 1,428,074 14,277,376 0-60 days 96,941 44,728 Charge for the year 640,332 133,940 240,396 1,014,668 60-90 days 14,866 684,975 Disposals 30,326 - - 30,326 90-120 days 11,935 26,324 Balance at 31 March 2019 12,476,166 1,177,734 1,668,470 15,322,370 Total 123,742 756,027 Adjustment for change in accounting (1,151,804) - (240,546) (1,392,350) policy (see note 3(b))

9 Inventories Rested balance at 31 March 2019 11,324,362 1,177,734 1,427,924 13,930,020

Charge for the year 745,229 108,453 113,882 967,564 2020 2019 $ $ Adjustments/transfers (7,532) (13,369) (2,126) (23,027)

Finished goods – beverages and clothing 103,206 121,245 Balance at 31 March 2020 12,062,059 1,272,818 1,539,680 14,874,557

Net book value

10 Other current assets Balance at 31 March 2019 16,770,526 421,635 933,489 18,125,650

2020 2019 Balance at 31 March 2020 14,461,653 376,686 587,884 15,426,223 $ $

Prepayments 215,633 160,836 (a) Additions for the year ended 31 March 2020 include work-in-progress balances classified as leasehold improvements of $31,177.

38 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 39 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

12 Trade and other payables 14 Borrowings

2020 2019 2020 2019 $ $ $ $

Trade payables (i) 445,209 726,667 Current

Marina deposits from tenants 353,632 346,601 Bank loans 584,707 768,552

GST payable - 13,641 Non-current

Other payables and accrued expenses 213,093 276,922 Bank loans 1,886,014 2,563,284

1,011,934 1,363,831 2,470,721 3,331,836

(i) The average credit period on trade payables is 30 days. There is no interest charged on trade or other payables. 15 Leases

13 Provisions (a) Amounts recognised in the balance sheet The balance sheet shows the following amounts relating to leases: 2020 2019 2020 2019 $ $ $ $ Current Right-of-use assets Employee benefits (a): 428,720 197,043 Land 7,350,752 - Make good provision (b) : 157,598 187,714 Marina 6,831,261 - 586,318 384,757 Make good assets 437,856 - Non-current Equipment 478,338 - Employee benefits (a): 51,402 163,672 15,098,207 - Make good provision (b): 4,371,067 5,631,422 Lease liabilities - 4,422,469 5,795,094 Current 400,647 -

Non-current 14,469,677 - Information about individual provisions and significant estimates:

(a) Employee benefits Additions to the right-of-use assets during the current financial year were $nil. The provision for employee benefits relates to Cruising Yacht Club of Australia’s liability for long service leave and annual leave. (b) Amounts recognised in the statement of comprehensive income (b) Site restoration make good provision Cruising Yacht Club of Australia is required to restore the leased sites to their original condition at the end of the respective lease terms. The income statement shows the following amounts relating to leases: A provision has been recognised for the present value of the estimated expenditure required to remove any leasehold improvements. 2020 2019 These costs have been capitalised as part of the cost of leasehold improvements and are amortised over the shorter of the term of $ $ the lease or the useful life of the assets. Depreciation charge of right-of-use assets Movements in Provisions Land 250,594 - Movements in each class of provision during the financial year, other than employee benefits, are set out below: Marina 232,884 - 2020 2019 $ $ Make good assets 54,485 - Current year site restoration make good provision movement: Equipment 95,668 - Balance at 1 April 5,819,136 4,793,428 Statement of comprehensive income 633,631 -

Unwind of discount 103,367 103,367 Interest expense (included in finance cost) 529,320 -

Changes in existing make good provisions (1,393,838) 922,341 The total cash outflow for leases in 2020 was (890,586) -

Balance at 31 March 4,528,665 5,819,136 Net incremental charge to income statement due to adoption of AASB 16* 272,365 -

(*before exclusion of pre-existing make good and finance lease depreciation)

40 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 41 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

(c) The company’s leasing activities and how these are accounted for (e) Extension and termination options The company leases the land and marina at 1 New Beach Road, which expires in 30 June 2049. The company also rents equipment, Extension and termination options are included in a number of property and equipment leases across the company. The majority of which are typically made for a fixed period of 5 years but may have extension options as described in (e) below. extension and termination options held are exercisable only by the company and by the respective lessor.

Contracts may contain both lease and non-lease components. The company allocates the consideration in the contract to the lease (f) Residual value guarantees and non-lease components based on their relative stand-alone prices. However, for leases of real estate for which the company is a The company sometimes provides residual value guarantees in relation to equipment leases. lessee, it has elected not to separate lease and non-lease components and instead accounts for these as a single lease component.

Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. 16 Retained profits The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets are used as security for borrowing purposes. 2020 2019 $ $ Until the 2019 financial year, leases of property, plant and equipment were classified as either finance leases or operating leases, see note 1(k) for details. From 1 April 2019, leases are recognised as a right-of-use asset and a corresponding liability at the date at which Balance at 1 April 7,036,519 8,055,392 the leased asset is available for use by the company. Total recognised income and expenses (679,534) (1,018,873) Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: Balance at 31 March 6,356,985 7,036,519

• fixed payments (including in-substance fixed payments), less any lease incentives receivable

• variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date 17 Financial instruments

• amounts expected to be payable by the company under residual value guarantees (a) Capital risk management The capital structure of the company includes cash and cash equivalents and retained earnings. • the exercise price of a purchase option if the company is reasonably certain to exercise that option, The company has an existing loan facility with St George Bank, an equipment Finance facility with ANZ/Esanda and St George Bank • Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. and an equipment agreement with Sharp/National Equipment Rentals. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is (b) Categories of financial instruments generally the case for leases in the company, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. 2020 2019 $ $ To determine the incremental borrowing rate, the Company: Financial assets • where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received Trade and other receivables 123,742 767,563 • uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases, which does not have recent third- Cash and cash equivalents 128,678 85,949 party financing, and

• make adjustments specific to the lease, e.g. term, country, currency and security Financial liabilities

The company is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in Loans and payables 2,470,721 3,331,836 the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset. Trade and other payables 1,011,934 1,363,831

Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each year. The carrying amount reflected above represent the company’s maximum exposure to credit risk for such loans and receivables.

Right-of-use assets are measured at cost comprising the following: Other payables include Marina security deposits • the amount of the initial measurement of lease liability (c) Financial risk management objectives • any lease payments made at or before the commencement date less any lease incentives received The Directors manage the financial risks relating to the operations of the company. These risks include credit risk and liquidity risk. • any initial direct costs, and The company does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.

• restoration costs. (d) Market risk Right-of-use assets are generally depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. If the The company’s only exposure to market risk is the effect of changes in interest rates which would affect interest received. There has company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful been no change to the company’s exposure to market risks. life. While the company re-values its land and buildings that are presented within property, plant and equipment, it has chosen not to do so for the right-of-use buildings held by the company. (e) Liquidity risk

(d) Variable lease payments Ultimate responsibility for liquidity risk management rests with the board of directors. The company manages liquidity risk by maintaining adequate cash balances and monitoring forecasts and actual cash flows. The following table details the company’s Lease payments for some contracts include CPI increases, but there are no other variable lease payments that depend on an index or remaining contractual maturity for its non-derivative financial liabilities. The table has been drawn up based on the undiscounted cash rate. Where considered necessary to reduce credit risk, the group may obtain bank guarantees for the term of the lease. flows of financial liabilities including interest based on the earliest date on which the company can be required to pay.

42 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 43 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

17 Financial instruments (continued) (f) Fair value The carrying amount of the financial assets and financial liabilities represents a reasonable approximation of fair value. Weighted Less than 1 1 to 3 3 months More than average 1 to 5 years Total (g) Credit risk Financial Liabilities month months to 1 year 5 years effective $ $ $ $ $ $ Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the company. To interest rate the extent the company has a receivable from another party there is a credit risk in the event of non-performance by that counterparty. 2020 Financial instruments, which potentially subject the company to credit risk solely consist of trade and other receivables. The company has adopted a policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults. Fixed interest rate The carrying amount of the financial assets recorded in the financial statements, net of any allowances for losses, represents the Borrowings 4.21% 49,071 25,367 510,269 1,886,014 - 2,470,721 company’s maximum exposure to credit risk, without taking account of the value of any collateral obtained. The company does not have any significant credit risk exposure to any single counterparty or any group of counterparties having similar characteristics.

Non-interest bearing 18 Commitments

Trade and other 2020 2019 857,700 99,812 54,422 - - 1,011,934 payables $ $

906,771 125,179 564,691 1,886,014 - 3,482,655 Non-cancellable operating lease expense commitments Future operating lease commitments not provided for in the financial statements and 2019 payable:

Fixed interest rate Within one year - 695,039

Borrowings 4.48% 67,602 248,839 537,290 2,478,105 - 3,331,836 One year or later and no longer than five years - 2,780,158

Later than five years - 17,375,987 Non-interest bearing - 20,851,184 Trade payables 354,006 359,815 12,856 - - 726,677 These commitments represent the two leases that the Club benefit from – the ‘land lease’ for the property occupied by the clubhouse 421,608 608,654 550,146 2,478,105 - 4,058,513 and the ‘wet lease’ for the water area utilised by the marina. Both leases run until 30 June 2049 and have been capitalised in accordance with AASB 16 – see Note 15.

The following table details the company’s expected maturity for its non-derivative financial assets. The table has been drawn up based AASB 16 was adopted using the modified retrospective method. As such current year commitments are now included on the balance on the undiscounted contractual maturities of the financial assets including interest that will be earned on those assets except where sheet as per AASB 16, whereas comparative commitments are accounted for off balance sheet under AASB 117. Therefore, no current the company anticipates that the cash flow will occur in a different period. year commitments are required to be disclosed here.

Weighted 19 Cash flow information Less than 1 1 to 3 3 months More than Financial average 1 to 5 years Total month months to 1 year 5 years 2020 2019 Assets effective $ $ $ $ $ $ $ $ interest rate 2020 Reconciliation of net cash flows to operating activities:

Variable interest rate (Loss) for the year (679,534) (1,018,873)

Cash and cash 128,678 - - - 128,678 Depreciation and amortisation expense 1,561,900 1,044,995 equivalent - Interest income (144) (10,223) Non-interest bearing Finance costs 529,320 - Trade and other debtors 91,662 20,145 11,935 - - 123,742 Changes in net assets and liabilities: 220,340 20,145 11,935 - - 252,420 Decrease in trade and other receivables 661,371 (367,954) 2019 Decrease in inventories 18,039 (33,283) Variable interest rate (Increase) in other assets (54,797) (98,186) Cash and cash 85,949 - - - 85,949 equivalent - Decrease / (Increase) in trade payables (157,109) 271,095 Non-interest bearing Increase in provisions 240,548 1,036,411 Trade debtors 26,141 703,561 26,324 - - 756,026 Increase in other liabilities 27,732 772,308 112,090 703,561 26,324 - - 841,975 Net cash provided by operating activities 2,147,326 1,596,290

44 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 45 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)

20 Key management personnel 22 Contingent liabilities

The following were key management personnel of the company at any time during the reporting period, and unless otherwise Bank guarantees indicated, were for the entire period: The company has given away the following bank guarantees: Non-executive Directors P. Billingham, N. Cornish, A. Lane, J. Treleaven, S. Haynes, L. Klohs, J. Atkinson, D. Jacobs, B. Kellett 2020 2019 $ $ Executive E. Moore (until 16 March 2020) NSW Department of Industry 220,000 220,000 J. Kirklian (from 16 March 2020) Roads and Maritime Services 81,136 81,136

Transactions with key management personnel

Non-executive directors have not received any remuneration from the Company during the year. 23 Auditor’s remuneration

The key management personnel compensation included in “Employee and employment expenses” are as follows: 2020 2019 $ $ 2020 2019 $ $ Audit services

Short-term employee benefits 306,706 250,003 Audit and review of the financial report 57,750 57,750

Termination benefits 11,785 32,803 Other services

318,491 282,806 Taxation services - -

57,750 57,750 Apart from the details disclosed in this note, no director has entered into a material contract with the company or since the end of the previous financial year and there were no material contracts involving directors’ interests existing at year-end. The auditor of Cruising Yacht Club of Australia for the year ended 31 March 2019 and 31 March 2020 was PricewaterhouseCoopers.

From time to time, directors of the company, or their director-related entities, may purchase goods and services from the company. These purchases are on the same terms and conditions as those entered into by other company employees or customers and are 24 Segment information trivial or domestic in nature. The Club’s principal place of business and registered office is situated at 1 New Beach Road, Darling Point. The Club operates from these premises to promote participation in yachting including the sport of sailing and to provide ocean racing facilities, training 21 Related Parties and other yachting facilities and competition for its members.

(a) Transactions with key management personnel Information reported to the chief operating decision maker for the purposes of resource allocation and assessment of segment performance focuses on types of goods or services delivered or provided. The chief decision maker of the entity reviews the Transactions with key management personnel are disclosed in Note 20 to the financial statements. financial information split by segment for revenue, but the expenses information is received by expense category. Therefore, only revenue per segment has been included below. (b) Transactions with other related parties The following is an analysis of the revenue by reportable segment. Other related parties include:

• CYCA SOLAS Trust 2020 2019 • CYCA Sydney Hobart Yacht Race Safety of Life at Sea Trusts $ $

The Company is the sole member of CYCA SOLAS Limited; a Company limited by guarantee which is the trustee of the CYCA Sydney Sales revenue – bar, food and merchandise sales 3,159,447 2,666,823 Hobart Yacht Race Safety of Life at Sea Trusts. The administration of the CYCA Sydney Hobart Yacht Race Safety of Life at Sea Trusts is under the control of the separate board of CYCA SOLAS Limited. The trustee company has a right to be indemnified out of the Subscription revenue 1,165,534 1,132,335 assets of the trust to satisfy liabilities properly incurred by the trustee. As at 31 March 2020 the outstanding liabilities committed by Marina revenue 3,049,808 2,785,105 the trustee on behalf of the trust totalled $nil (2019: $nil). The assets of the trust are sufficient to meet this commitment. In the event CYCA SOLAS Limited is wound up and unable to repay all outstanding debts, the liability of its members is limited to an amount of $10. Rental income 85,835 84,947

Payments to related parties Sailing activities 2,926,436 2,283,224

• Donations payable to the CYCA SOLAS Trust during the year were $52,000 (2019: $52,000). Interest revenue 144 10,223 • Expenses paid on behalf of the CYCA SOLAS Trust during the year were $nil (2019: $nil). Total revenue 10,387,204 8,962,657

Segment revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the current year (2019: $nil).

46 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 47 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued) DIRECTORS’ 2019/2020 DECLARATION

25 Going Concern

At 31 March 2020, the Company has recorded a loss after tax of $679,534 (2019: loss of $1,018,873) and had current liabilities that for the financial year ended 31 March 2020 exceeded its current assets by $3,389,285 (2019: negative working capital of $2,730,753). The Company however continued to be in a net asset position of $6,356,985 as at 31 March 2020 (2019: $7,036,519) and generated operating cash inflows of $1,358,626 for the year ended 31 March 2020 (2019: operating cash inflows of $1,569,290).

The current liabilities recognised in the financial statements include contract liabilities of $1,376,938 (2019: $1,349,206), marina security deposits of $353,632 (2019: $346,601), which while generally refundable on 90 day notice, are rolled over for many years and the In the directors’ opinion: current portion of the make good provision of $157,598 (2019: $187,714). It is deemed that the deferred income, marina security deposit and the make good provision are purely accounting balances and will not result in future cash outflows to the Company. (a) the financial eportr and notes set out on pages 27 to 49 are in accordance with the Corporations Act 2001, including: Furthermore, by late 2019, a limited number of cases of an unknown virus had been reported to the World Health Organization and (i) complying with Australian Accounting Standards – Reduced Disclosure Requirements, the Corporations Regulations in early 2020 there was an outbreak of Coronavirus Disease 2019 (“COVID-19” or “the coronavirus”). There have been unprecedented 2001 and other mandatory professional reporting requirements, and measures put in place by the Australian Government, as well as governments across the globe, to contain the coronavirus which have had a significant impact on the economy. The effect of this on the Company has been a drop in revenue from bar, food and (ii) giving a true and fair view of the company’s financial position as at 31 March 2020 and of its performance for the merchandise sales as a result of the closure of the clubhouse and certain racing and training events being cancelled or postponed financial year ended on that date, and indefinitely. Management expects that these matters will resolve as social distancing measures are lifted. (b) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and The Company’s ability to continue as a going concern is dependent upon the Company continuing to generate positive operating cash payable. inflows through to the year ended 31 March 2021 and continuing to have access to the commercial overdraft facility extended to the Company by its financier or alternative funding arrangements, if required. This declaration is made in accordance with a resolution of the directors. The Company’s directors believe that the Company will be successful in the above matters and, accordingly, have prepared the financial report on a going concern basis.

26 Subsequent events

By late 2019, a limited number of cases of an unknown virus had been reported to the World health Organisation. Following the subsequent spread of the virus, on 11 March 2020 the World Health Organisation declared the COVID-19 outbreak to be a pandemic.

As the COVID-19 virus was identified in March 2020, the figures in the annual report as at 31 March 2020 reflect the conditions known as at 31 March 2020 and they do factor in the initial effects of COVID-19, including the impact of the closure of the Club house from 16 March 2020 onwards. P Billingham A Lane However, as the virus is ongoing as at 26 May 2020, it is also considered to be a significant event continuing to occur after the Commodore Treasurer reporting period. As such, management will continue to consider the potential implications of coronavirus, which includes disruptions Sydney, 26 May 2020 Sydney, 26 May 2020 to the clubhouse operations and slowing of sales, given changes in customers’ circumstances which has resulted in a decrease in revenue for the months of April and May 2020 when compared to prior years.

Management expects this to return to normalised levels in the short-to-medium term. However, the coronavirus is unprecedented and as such the Company will pay close attention to the development of the situation and will continue to assess its impact on operations.

48 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 49 INDEPENDENT AUDITOR’S 2019/2020 REPORT

Independent auditor’s report Other information IndependentTo the members of Cruising auditor’s Yacht Club report of Australia OtherThe directors information are responsible for the other information. The other information comprises the information included in the annual report for the year ended 31 March 2020, but does not include the financial report To the members of Cruising Yacht Club of Australia andThe ourdirectors auditor’s are responsiblereport thereon. for the other information. The other information comprises the information Our opinion included in the annual report for the year ended 31 March 2020, but does not include the financial report OurIn our opinion opinion: Ourand ouropinion auditor’s on the report financial thereon. report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. InThe our accompanying opinion: financial report of Cruising Yacht Club of Australia (the Company) is in accordance Our opinion on the financial report does not cover the other information and accordingly we do not with the Corporations Act 2001, including: The accompanying financial report of Cruising Yacht Club of Australia (the Company) is in accordance Inexpress connection any form with of our assurance audit of conclusion the financial thereon. report, our responsibility is to read the other information (a)withgiving the Corporations a true and fair Act view 2001 of, including:the Company's financial position as at 31 March 2020 and of its financial and, in doing so, consider whether the other information is materially inconsistent with the financial performance for the year then ended reportIn connection or our knowledge with our audit obtained of the in financial the audit, report, or otherwise our responsibility appears to is be to materially read the other misstated. information (a) giving a true and fair view of the Company's financial position as at 31 March 2020 and of its financial and, in doing so, consider whether the other information is materially inconsistent with the financial (b) complying with Australian Accounting Standards - Reduced Disclosure Requirements and the performance for the year then ended report or our knowledge obtained in the audit, or otherwise appears to be materially misstated. Corporations Regulations 2001. If, based on the work we have performed on the other information that we obtained prior to the date of (b) complying with Australian Accounting Standards - Reduced Disclosure Requirements and the this auditor’s report, we conclude that there is a material misstatement of this other information, we are If, based on the work we have performed on the other information that we obtained prior to the date of WhatCorporations we have audited Regulations 2001. required to report that fact. We have nothing to report in this regard. this auditor’s report, we conclude that there is a material misstatement of this other information, we are The financial report comprises: required to report that fact. We have nothing to report in this regard. What we have audited Responsibilities of the directors for the financial report The● financialthe balance report sheet comprises: as at 31 March 2020 ● the statement of comprehensive income for the year then ended ResponsibilitiesThe directors of the ofCompany the directors are responsible for the for financial the preparation report of the financial report that gives a true ● the balance sheet as at 31 March 2020 ● the statement of changes in equity for the year then ended and fair view in accordance with Australian Accounting Standards - Reduced Disclosure Requirements ● the statement of comprehensive income for the year then ended Theand thedirectors Corporations of the Company Act 2001 are and responsible for such internal for the control preparation as the of directors the financial determine report is that necessary gives a totrue ● the statement of cash flows for the year then ended ● the statement of changes in equity for the year then ended andenable fair the view preparation in accordance of the with financial Australian report Accounting that gives aStandards true and fair- Reduced view and Disclosure is free from Requirements material the notes to the financial statements, which include a summary of significant accounting policies and the Corporations Act 2001 and for such internal control as the directors determine is necessary to ● the statement of cash flows for the year then ended misstatement, whether due to fraud or error. ● the directors’ declaration. enable the preparation of the financial report that gives a true and fair view and is free from material ● the notes to the financial statements, which include a summary of significant accounting policies Inmisstatement, preparing the whether financial due report, to fraud the or directors error. are responsible for assessing the ability of the Company to ● the directors’ declaration. Basis for opinion continue as a going concern, disclosing, as applicable, matters related to going concern and using the goingIn preparing concern the basis financial of accounting report, the unless directors the directors are responsible either intend for assessing to liquidate the abilitythe Company of the Company or to cease to BasisWe conducted for opinion our audit in accordance with Australian Auditing Standards. Our responsibilities under operations,continue as ora going have noconcern, realistic disclosing, alternative as butapplicable, to do so. matters related to going concern and using the those standards are further described in the Auditor’s responsibilities for the audit of the financial report going concern basis of accounting unless the directors either intend to liquidate the Company or to cease sectionWe conducted of our report. our audit in accordance with Australian Auditing Standards. Our responsibilities under operations, or have no realistic alternative but to do so. those standards are further described in the Auditor’s responsibilities for the audit of the financial report Auditor’s responsibilities for the audit of the financial report Wesection believe of our that report. the audi t evidence we have obtained is sufficient and appropriate to provide a basis for Auditor’sOur objectives responsibilities are to obtain reasonable for the auditassurance of theabout financial whether thereport financial report as a whole is free our opinion. from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ourOur opinion.objectives Reasonable are to obtain assurance reasonable is a highassurance level of about assurance, whether but the is financialnot a guarantee report asthat a whole an audit is free Independenceour opinion. conductedfrom material in accordance misstatement, with whether the Australian due to fraudAuditing or error, Standards and to will issue always an auditor’s detect a reportmaterial that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit We are independent of the Company in accordance with the auditor independence requirements of the misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, Independence conducted in accordance with the Australian Auditing Standards will always detect a material Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical individually or in the aggregate, they could reasonably be expected to influence the economic decisions of misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, WeStandards are independent Board’s APES of the 110 Company Code of Ethicsin accordance for Professional with the auditorAccountants independence (including requirements Independence of the users taken on the basis of the financial report. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of CorporationsStandards) (the Act Code) 2001 thatand arethe relevantethical requirements to our audit ofof thethe financialAccounting report Professional in Australia. and We Ethical have also Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence users taken on the basis of the financial report. fulfilled our other ethical responsibilities in accordance with the Code. A further description of our responsibilities for the audit of the financial report is located at the Auditing Standards) (the Code) that are relevant to our audit of the financial report in Australia. We have also and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_responsibilities/ar4.pdf. fulfilled our other ethical responsibilities in accordance with the Code. This description forms part of our auditor's report.

PricewaterhouseCoopers, ABN 52 780 433 757 One International Towers Sydney, Watermans Quay, Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T:PricewaterhouseCoopers, +61 2 8266 0000, F: +61 2 8266 ABN 9999, 52 780 www.pwc.com.au 433 757 PricewaterhouseCoopers LevelOne International 11, 1PSQ, 169 Towers Macquarie Sydney, Street, Watermans Parramatta Quay, NSW Barangaroo, 2150, PO Box GPO 1155 BOX Parramatta 2650, SYDNEY NSW 2124 NSW 2001 T: +61 2 82669659 2476,0000, F: F: +61 +61 2 2 8266 8266 9999, 9999, www.pwc.com.au www.pwc.com.au Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 LiabilityT: +61 limited2 9659 by 2476, a scheme F: +61 approved 2 8266 under 9999, Professional www.pwc.com.au Standards Legislation.

Liability limited by a scheme approved under Professional Standards34 Legislation. 35 Chamilka Ratwatte Sydney 34 Partner 35 26 May 2020

50 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 51

36 CORE AND NON-CORE PROPERTY 2019/2020 Pursuant to Section 41J(2) of the Registered Clubs Act for real property and associated marina owned or occupied by the financial year ended 31 March 2019. company at 1 New Beach Road Darling Point NSW. MEMBER LIST The core property of the company, as that term is described The land area is owned by the Crown. in Section 41J(2) of the Registered Clubs Act, comprises all the

SUPPLEMENTARY INFORMATION RELATING TO FINANCIAL PERFORMANCE for the year ended 31 March 2020

2020 2019 2018

Administration

Subscriptions Received 1,165,534 1,132,335 1,106,700

Clothing Sales 261,367 174,275 202,073

Property Rental 85,835 84,947 88,882

Sundry Income & Interest 101,098 65,356 151,741

1,613,834 1,456,913 1,549,395

Less Consolidated Expenses 5,347,061 4,844,545 4,135,711

(3,733,227) (3,387,632) (2,586,316)

Food & Beverage

Bars 1,987,766 1,953,694 1,823,239

Commissions Received 240,504 167,236 147,811

Functions 584,201 316,485 384,355

2,812,471 2,437,415 2,355,405

Less Consolidated Expenses 1,966,283 1,976,369 1,777,209

846,188 461,046 578,196

Yard & Marina

Marina 1,925,417 1,915,157 1,806,874

Other Income 1,124,391 869,948 805,175

3,049,808 2,785,105 2,612,048

Less Consolidated Expenses 1,175,347 1,055,418 764,358

1,874,461 1,729,687 1,847,690

Sailing Activities

Youth Sailing Academy 451,221 383,844 353,011

Season Sailing 307,418 328,539 225,414

Major Races 2,152,452 1,570,841 1,644,306

2,911,091 2,283,224 2,222,731

Less Consolidated Expenses 2,578,047 2,105,198 2,134,733

333,044 178,026 87,999

Operating Profit for the Year (679,534) (1,018,873) (73,587)

52 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 53 MEMBER LIST MEMBERS LIST (CONT)

SURNAME INITIAL YEAR JOINED ATKINSON H 2018 BELCHER L 2014 BRAY AM G 2010 CALDWELL M 1995 CLEMENTS M 1981 CORNISH AM N 2002 DAVIS-SLADE J 1984 ABBISS S 2016 ATTWOOD R 2016 BELCHER E 2017 BREIT R 2007 CALDWELL G 2019 CLIFT A 2012 CORRIGAN P 1967 DAVY W 1995 ABBON D 2019 ATWOOD P 2002 BELGIORNO-NETTIS L 2004 BRENAC K 2015 CALFAS G 2008 CLINTON J 1997 COSGROVE AK MC (RETD) P 2018 DAW B 2018 ABBOTT J 2000 AUCHINACHIE V 2019 BELL M 1983 BRENAC R 1967 CALKIN J 2001 CLINTON J 2003 COTMAN N 2015 DAWSON I 1998 ABBOTT A 1999 AUSTIN T 2013 BELL A 2011 BRENCHLEY J 2006 CALLAGHAN M 1995 CLINTON Z 2006 COTMAN C 2015 DAWSON R 2012 ABBOTT R 2011 AVENELL M 2020 BELL D 2019 BRENNAN D 1997 CALLIGEROS P 2016 CLINTON B 1999 COTTEE AO K 1993 DAWSON M 2019 ABBOTT B 2016 AVERAY B 2019 BELLINGHAM M 1998 BREUER A 2017 CALVERT-JONES AM J 1988 CLITHEROE V 2006 COTTIER M 2018 DAY C 2013 ABBOTT B 2017 AXAM B 2019 BEMBRICK D 1991 BREWER W 2018 CAMACHO R 2018 CLITHEROE AM P 2006 COTTIS W 2014 DAY P 2019 ABBOTT E 2017 AYTO M 2014 BENCSIK A 1994 BRIAND P 2017 CAMERON M 2006 CLOETE S 2018 COTTON P 2001 DE BONO A 2009 ABERCROMBIE B 2017 AZIZ S 2015 BENCSIK M 1988 BRIDGEWOOD B 2020 CAMERON A 2015 CLUB MARINE 1 1997 COTTON G 2001 DE BOOS B 2015 ABRAHAM J 1982 BABBAGE S 2014 BENDALL R 2001 BRIDGEWOOD R 2020 CAMERON M 2020 COCHINEAS G 2009 COTTON D 2005 DE COSTER D 2018 ADAMS N 1995 BABINGTON-LEES V 2012 BENDER M 2017 BRIGHT M 2019 CAMERON M 1980 COCHINEAS P 2014 COTTON L 2005 DE DIESBACH E 2015 ADAMS R 1999 BADGERY W 2013 BENNETT J 2001 BRIGHTON-HALL M 2014 CAMERON R 1999 COCHINEAS M 2014 COWEN G 1981 DE GROOT M 2010 ADAMS D 1999 BAFFSKY D 1988 BENNETT G 1998 BROAD I 1978 CAMERON J 1998 COCHRANE A 1993 COWPE J 2003 DE LA VEGA J 1979 ADAMS B 2013 BAILEY M 1987 BENNETT K 2015 BROADHURST S 1986 CAMERON J 1999 COHEN R 2006 COX O 1994 DE MESTRE M 2018 ADAMS A 2019 BAILLIE S 2015 BENNETT A 1996 BROCK C 2018 CAMILLERI K 2008 COHEN J 2015 COX P 2004 DE MEYRICK A 2003 ADAMS R 2015 BAILLIE T 2019 BERGER P 2013 BRODZIAK J 1965 CAMPBELL I 2020 COHEN M 2019 COX P 1998 DE MEYRICK A 2003 ADLER J 2018 BAIN J 1990 BERGMAN M 2004 BROEKHUIZEN N 2008 CAMPBELL OAM P 1971 COLE M 1975 COX B 2008 DE TORRES A 1997 ADRIAANSE E 1995 BAIN J 2010 BERGMAN J 2004 BROOKS J 1971 CAMPBELL-WILLIAMS D 2011 COLE J 1998 COX P 1969 DE TORRES H 1976 AERTS N 2019 BAIRD P 1991 BERNABEI R 2001 BROOKS K 1986 CANTONI V 2010 COLE F 2018 COXELL M 2016 DE TORRES Y 2013 AINSWORTH N 1998 BAKER R 1996 BERNATOVIC M 2016 BROOKS C 2016 CANTONI S 2011 COLE E 2019 COXON M 1985 DEBNEY P 2013 AINSWORTH S 1997 BAKER P 2008 BERRY K 2007 BROOM S 1988 CANTWELL G 2019 COLEMAN J 1997 COYLE A 1986 DEITZ A 2018 AITCHISON J 2016 BAKER R 2013 BERRY N 2017 BROOMAN N 2009 CAPELL S 2013 COLEMAN OAM J 2001 CRADDOCK N 2008 DELANEY M 1984 AITCHISON G 2019 BAKER D 2016 BETHWAITE H 2015 BROOMAN M 2008 CARDOW-CLINTON K 2001 COLENSO M 2006 CRADDOCK F 1994 DELEGAT K 2015 AITKEN E 2012 BALAFAS J 2015 BETTINI A 2011 BROSNAN G 2020 CARGILL L 2016 COLES B 2009 CRAFOORD C 2001 DELEGAT J 2015 ALDRIDGE C 2012 BALAFAS K 2017 BETTINI N 2013 BROUGHTON M 1998 CARLESS S 2008 COLFELT D 1972 CRAIG R 2019 DELEGAT J 2016 ALEXANDER M 1977 BALDERSTONE J 2005 BETTINI P 2017 BROUGHTON P 1997 CARLESS E 2011 COLFELT A 2008 CRANITCH M 1997 DELGADO E 2016 ALEXANDER R 2018 BALDRY T 2019 BEVAN H 2013 BROWN E 1994 CARNEY B 2015 COLLEE J 2018 CRAVEN A 1986 DELVILLE-BLAKEMORE D 2018 ALEXANDER J 2018 BALGOBIND V 2019 BEVERIDGE T 2015 BROWN R 1999 CARNEY G 2012 COLLETT P 2017 CRAWFORD C 2005 DENG N 2019 ALEXANDER M 2015 BALICKI S 2006 BIDEY M 2012 BROWN A 2010 CAROLAN E 2019 COLLIBEE S 1998 CRAWFORD M 2009 DENISON H 1984 ALISALO S 2009 BALZER R 1995 BILLINGHAM P 2001 BROWN R 2002 CAROLAN M 2019 COLLINS P 1984 CRAWFORD B 2018 DENMAN M 2018 ALLAN J 1973 BAMBER R 1972 BILSEL G 1999 BROWN S 2006 CARPENTER E 1994 COLLINS M 1998 CRAWFORD J 2018 DENNIS B 2015 ALLAN S 2001 BANGEL K 2014 BIRDSALL J 2003 BROWN D 2008 CARPENTER J 1982 COLLINS L 2001 CRAWFORD A 2018 DENNIS M 2016 ALLAN J 2006 BANIC Z 2017 BIRMINGHAM A 2016 BROWN M 2010 CARR B 1984 COLLINS S 2010 CREEDEN M 2014 DENT G 2015 ALLAN V 2018 BANKS D 1996 BISHARA L 2015 BROWN A 2011 CARR R 2008 COLLINS D 2015 CREENAUNE C 2015 DENTON-BURKE A 2013 ALLANSON R 2015 BANKS A 2004 BISHOP D 2013 BROWN D 2014 CARR S 2013 COLLINS E 2015 CREEVEY T 2019 DEPUYDT L 2008 ALLATT J 2015 BANNISTER C 2016 BLACK N 2012 BROWN S 2017 CARR A 1999 COLLINS S 2015 CRIBB A 2007 DERMODY E 1957 ALLEN R 1970 BARING A 2019 BLACKHALL G 2020 BROWN C 2015 CARRICK J 2019 COLLINS T 2020 CRIBBIN I 2004 DEUCHAR T 2019 ALLEN K 2004 BARKER D 2008 BLACKMORE M 2011 BROWN M 2015 CARRICK B 1984 COLLIS B 1994 CRICHTON N 1985 DEVERY B 1970 ALLEN P 2004 BARKER K 2017 BLACKMORE A 2015 BRUCE A 2007 CARRINGTON P 2016 CONFOS G 2019 CRICHTON-BROWN A 2018 DEXTER R 1995 ALLEN F 1999 BARKER T 2004 BLAIR J 1996 BRUCE W 2018 CARTER K 2009 CONFOS S 2019 CROFT S 2019 DICKER G 2011 ALLEN R 2018 BARKER J 2003 BLAIR N 1996 BRUCE OAM R 1999 CARTER C 2017 CONLON S 1999 CROMPTON J 2020 DICKSON S 2016 ALLEN E 2001 BARLOW S 1995 BLAIR T 1996 BRUSH D 2012 CASEY J 2015 CONLON C 2017 CRONE M 2009 DIETHELM T 2008 ALLEN AM M 1999 BARNE N 2019 BLAIR L 1996 BRYDON L 2012 CASEY A 2017 CONLON S 2017 CRONES N 2016 DIETHELM S 2014 ALLISON C 2012 BARNES A 2001 BLAIR L 2017 BRYERS J 2015 CASEY T 1995 CONNAL C 2008 CROOK B 2013 DIETHELM J 1961 ALVES DO NASCIMENTO FILHO A 2017 BARNES A 1999 BLAKE E 2019 BUCHANAN S 2019 CASSIDY M 2013 CONNELL L 1992 CROOK J 2015 DIETRICH W 1981 AMBLER T 2003 BARNES J 2005 BLAKEMORE J 2005 BUCHANAN C 2013 CASSIDY P 1994 CONNELL I 2020 CROOKSHANKS S 1998 DILLON S 2002 AMERY S 2001 BARNES L 2011 BLAKEMORE P 2019 BUCKLEY A 2009 CASSIM N 1960 CONNELLY S 2015 CROOKSHANKS L 1998 DIMARAS T 2005 AMES A 2016 BARNES N 2015 BLANC-RAMOS R 2012 BUCKLEY D 2000 CASSIM G 1972 CONNOLLY J 1998 CROPLEY G 1993 DIMOS P 2020 AMOS J 2012 BARNES P 2017 BLANC-RAMOS T 2012 BUCKMAN B 2013 CASTLE D 2018 CONNOLLY M 2019 CROWE E 2020 DIMOS F 2018 ANDERSEN M 2014 BARRATT A 2020 BLANCH A 1992 BULL C 2001 CAVANAGH P 2018 CONNOLLY A 1985 CROWTHER P 2014 DINDAS R 2020 ANDERSON M 1989 BARRETT J 1977 BLANN S 2008 BUNN J 1998 CAVILL S 2019 CONNOLLY J 1976 CUCINOTTA J 2014 DINDAS J 2020 ANDERSON M 1992 BARRETT S 2001 BLAXELL M 2000 BUNTER R 2004 CAWSE R 1973 CONNORS M 2019 CULLEN M 2016 DIXON C 1993 ANDERSON J 2009 BARRETT AO CSC T 2012 BLAXELL L 2020 BURGESS J 2016 CAWTHORN D 1999 CONROY E 2017 CULPAN D 1999 DIXON B 2008 ANDERSON M 2013 BARRINGTON S 2016 BLEASEL M 2001 BURGESS J 1997 CEMBALA T 2010 CONWAY A 2016 CULSHAW J 2015 DIXON B 2014 ANDERSON T 2013 BARRINGTON T 2015 BLOOD M 2020 BURKE E 2008 CHAFFER M 2015 COOK C 2001 CUMMINS W 1996 DIXON J 2015 ANDERSON R 2016 BARRY-COTTER K 2019 BLOW S 1985 BURKE T 2013 CHALLIS M 2013 COOK J 1985 CUNNINGHAM R 2015 DIXON G 2017 ANDERSON L 2016 BARRY-COTTER AM B 2019 BLUMER M 1988 BURKE T 2000 CHALLIS P 2013 COOK A 1997 CUPIT C 2017 DIXON D 2017 ANDREWS S 1992 BARTER J 1976 BLUNCK W 1993 BURLING N 2000 CHALMERS B 2019 COOK R 1986 CURNOW D 2003 DIXON K 2018 ANDREWS J 2010 BARTER P 2018 BLUNDELL C 2008 BURNS I 2009 CHALMERS M 2019 COOK J 2001 CURNOW N 2019 DOCK P 2005 ANDREWS R 2017 BARTER G 1975 BLUNDEN P 2019 BURNS R 2013 CHAMPION DE CRESPIGNY AM R 1994 COOKE A 2008 CURRAN C 1993 DOCK J 1998 ANET J 2015 BARTLETT J 2019 BOEKEMANN D 2007 BURNS M 2009 CHAMPTALOUP D 1997 COOKE K 2016 CURRIE R 2001 DOCK C 2019 ANGUS A 2014 BARTLETT J 2019 BOERS J 2017 BURRELL J 2008 CHAMPTALOUP Z 2019 COOLEY A 1974 CURRIE D 2004 DOEL R 1998 ANIDO A 2018 BARTLEY A 2018 BOERS X 2017 BURT D 2012 CHAPMAN H 2009 COOLEY M 1999 CURRIE D 1977 DOFF R 2009 ANKER M 2004 BARTRUM J 2015 BOESENBERG C 2015 BURT A 2015 CHAPMAN C 2010 COOLEY J 2001 CURTIS J 1996 DOIG N 2012 ANSON J 2014 BARTTER D 1995 BOETTCHER G 2009 BUSH P 1986 CHAPMAN D 2012 COOMBES W 1997 CUTTING M 2019 DOIG N 2014 ANTIPAS G 2003 BARYSHEV G 2008 BOGAIS J 2020 BUSH B 2019 CHAPMAN P 2015 COONEY J 2010 DAGGER C 1985 DOLPHIN G 2009 APPLEBY G 1980 BASTICK M 2003 BOHM J 2017 BUSH G 2020 CHAPMAN F 2019 COONEY F 2010 DAGGER C 2012 DOLPHIN A 2006 APPLEYARD P 2005 BATES P 1974 BOHM S 2009 BUSH A 2018 CHAPMAN S 2019 COONEY J 2010 DAGWORTHY M 2008 DOMINGUEZ A 2010 APTER R 2015 BATES A 2007 BOLLEN P 1981 BUSTEED A 2015 CHAPPELL K 2014 COONEY J 2010 DAHL J 2005 DOMINGUEZ S 2019 APTER M 2015 BATT K 2017 BOND S 2001 BUTLER A 2008 CHAPPELL J 2019 COONEY D 2010 DAISLEY J 2010 DOMINGUEZ CBE AM J 2006 AQUILINA K 2010 BAUCHOP G 2014 BONJEAN R 2018 BUTLER B 1997 CHEN A 2015 COONEY M 2010 DAISLEY H 2011 DONALD H 2019 ARANDT G 2018 BAVIN P 1989 BONUS G 2002 BUTLER K 2009 CHEN A 2017 COOPER G 2003 DALE A 2015 DONALD M 2018 ARANDT M 2018 BAVIN D 2017 BOOTH C 1994 BUTLER A 2015 CHEN M 2015 COOPER M 1995 DALE V 2018 DONOVAN G 2007 ARANDT Z 2018 BAYLES M 2019 BOOTH C 2014 BUTLER R 2015 CHEN C 2017 COOPER D 1999 DALE I 1984 DOOLEY L 1987 ARESH S 2020 BAYLISS J 1985 BOOTH J 2015 BUTLER J 2015 CHERRY J 2002 COOPER S 2015 DALGLIESH-QUINN S 1994 DORAN P 1999 ARIFFIN R 2014 BEAK D 2002 BORA M 2016 BUTLER N 2020 CHILDERS J 2015 COOPER J 2019 DALLEN N 2006 DORENFEST L 2016 ARMAN U 2018 BEAL B 2010 BOUKATOS S 2015 BUTTERWORTH M 2018 CHOWN A 1986 COOPER S 2019 DALRYMPLE J 2018 DOUMANI J 2019 ARMAN B 2018 BEALE N 2001 BOURKE P 1990 BUTTERY B 1981 CHRISTIAN J 2003 COOPER A 2015 DALTON D 2006 DOUMANI G 2019 ARMSTRONG G 2016 BEALE D 2002 BOURKE C 2019 BUTTERY G 2013 CHRISTIANAKIS L 2010 COOPER R 1998 DAMMANN A 1996 DOUMANI T 2019 ARMSTRONG J 2016 BEALES P 1998 BOUTELLIER P 2008 BUTTON I 2014 CHRISTIE B 2012 COOPER A 1996 DAMP P 2018 DOWLING H 1992 ARMSTRONG A 2018 BEARMAN R 1975 BOWER R 2018 BUTTROSE E 1997 CHRISTIE P 2007 COOPES A 2001 DANDOLO M 2017 DOWNEY M 2018 ARMSTRONG-SMITH N 1995 BEATON J 2001 BOWKER J 1999 BYRNE E 2016 CHUA C 2010 COOREY J 2005 DARBY L 2011 DOWNS M 2019 ARMSTRONG-SMITH D 2017 BEATON E 2002 BOX J 1981 BYRNE A 2004 CHUA H 2014 COPELAND M 1977 DARE C 2006 DOYLE D 1994 ARNOUTS R 2002 BEATTY G 2016 BOYCE M 2016 BYRON S 1996 CHURCHILL S 2019 COPLAND B 2003 DAVEN G 2006 DOYLE A 2017 ARTHY I 2010 BEAUMONT-HUTCHINGS C 2010 BOYCE R 2019 CABBLE R 1998 CLAGUE H 2015 COPLEY A 1982 DAVEY D 2011 DOYLE M 2018 ASCHE P 1993 BEAVER T 2017 BOYLE C 1988 CABLE R 2015 CLARE G 2015 COPP D 1986 DAVIES S 2001 DOYLE A 2020 ASHLEY-JONES M 2007 BEDDING B 2017 BOYS J 2015 CABLE A 1964 CLARK R 1983 COPPIN A 2005 DAVIES F 2001 DRAKE-BROCKMAN P 2005 ASHTON D 2015 BEDGGOOD N 1999 BRADDOCK I 1981 CAESAR C 2014 CLARK D 2004 CORDER A 2019 DAVIES V 1988 DRANSFIELD J 2019 ASKEW AM G 1996 BEESLEY H 2019 BRADNER-LEE M 2018 CAHILL P 2019 CLARK P 2018 CORDINGLEY J 2015 DAVIES J 2018 DREDGE H 1982 ASPDEN P 2020 BEESON E 2014 BRADSHAW J 1998 CAIE S 2008 CLARK C 2019 CORKE A 1986 DAVIES M 2019 DREDGE P 2016 ASTUDILLO G 2010 BEGG M 2012 BRADY G 2015 CAINE D 2011 CLARKE B 1998 CORKIN N 2019 DAVIES D 1996 DRENT M 1977 ATAKLIYAN A 2017 BEGG L 2015 BRAIN J 1999 CAIRNS C 2019 CLARKE D 2013 CORLESS A 2015 DAVIES M 1988 DREW E 1966 ATHANASERIS G 2009 BEGLEY I 2013 BRAITHWAITE-YOUNG J 2008 CALDWELL M 1997 CLARKSON K 2004 CORLETTE M 2008 DAVIS P 1996 DREW J 1998 ATKINS T 2005 BEILBY W 1986 BRAITLING J 2009 CALDWELL F 1997 CLEGG S 2014 CORNELL C 2005 DAVIS L 1998 DREW R 2014 ATKINSON J 2014 BELCHER D 2014 BRASHER R 1994 CALDWELL E 1997 CLEGG-HEATH S 2014 CORNER J 1966 DAVIS R 2016 DREW B 2017

54 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 55 MEMBERS LIST (CONT) MEMBER LIST (CONT)

JEBKEN C 2014 DREW E 1998 EWING J 2017 FREEMAN Q 2012 GOSS A 2008 HALL I 2014 HEARD K 2011 HOWE G 1997 JEFFREY M 2001 DRISCOLL K 2001 FABBRO J 2003 FREEMAN AM D 2007 GOTHARD P 2017 HALL W 1989 HEARD C 2011 HOWE C 2012 JEFFREY B 2003 DRUERY B 2011 FABIAN M 2010 FREER D 1964 GOTZE D 1998 HALLS L 1978 HEARDER A 1976 HOWES P 1966 JEFFREY J 2010 DRUMMOND S 2012 FAHEY S 2017 FRENCH S 2003 GOULD B 1966 HALLS G 1976 HEARNE J 2008 HOWES S 2003 JENKINS B 2000 DRURY G 2014 FAHEY M 2019 FRENCH A 2005 GOVENDER K 2019 HALVORSEN N 2015 HEATH D 2008 HOWISON K 1977 JENKINS A 2011 DRURY G 2015 FAIRBAIRN-WATT R 2013 FRENCH M 2007 GOWER J 2010 HAMILTON G 2008 HEATHCOTE M 2007 HOWISON G 2019 JENKINSON P 1988 DUARTE F 2010 FALCONER M 1986 FRENCH J 2010 GOYEN P 2008 HAMILTON R 2019 HEDBERG W 2016 HOWSE J 2005 JERVIS P 2002 DUBE G 2014 FALLINS D 2015 FRETCHLING J 2016 GRACANIN Q 2008 HANCOCK P 1998 HEEPS R 2009 HOWSE W 2005 JOHNS S 2017 DUBOIS B 2007 FALLON P 1995 FREYBERG M 2008 GRACIE M 2017 HAND D 2013 HEGH A 2017 HUANG F 2011 JOHNSON P 1990 DUFF F 2013 FARMER K 2019 FREYBERG K 2009 GRACIE E 2017 HANDLIN AO D 2004 HEHIR V 1999 HUANG X 2018 JOHNSON P 1973 DUFF R 2017 FARR M 2012 FROELICH C 2000 GRAHAM D 1980 HANDS D 1985 HEILIGERS H 1994 HUDSON S 1993 JOHNSON T 2002 DUFFELL I 2005 FARREN-PRICE J 1980 FULDE T 2004 GRAHAM J 2012 HANKIN P 1967 HEININGER R 1991 HUDSON K 2007 JOHNSON L 2003 DUGGAN D 1978 FELTON R 2008 FULLER D 1976 GRAHAM L 2006 HANLEY P 1997 HEMERY J 2001 HUDSON J 2015 JOHNSON A 2014 DUGGAN P 2006 FENGA J 2019 GAGLIANO N 2017 GRAHAM A 2010 HANLEY D 1997 HEMMING J 2003 HUGHES L 1997 JOHNSON P 2016 DULIEU R 2016 FENGER M 2019 GAJIC S 2009 GRAHAM L 2013 HANNING S 2015 HEMPEL S 1997 HULL P 1994 JOHNSON B 1999 DUNCAN F 2017 FENTON L 2008 GALE A 2017 GRANT C 1995 HANNING K 2015 HENDERSON R 1999 HUMBERSTONE R 2009 JOHNSON C 2014 DUNLOP S 2016 FERGUSON E 1979 GALLAGHER M 1984 GRANT R 1998 HANNING M 2018 HENDERSON B 2006 HUMPHREYS W 2014 JOHNSTON F 1978 DUNLOP G 2017 FERGUSON R 2015 GALLAGHER M 1997 GRANT S 2010 HANNING C 2015 HENDERSON T 2007 HUNDT D 2008 JOHNSTON M 2013 DUNN E 1999 FERGUSON H 2019 GALLAGHER R 2009 GRANT S 2017 HANNING B 2015 HENDERSON M 2017 HUNDT B 2019 JOHNSTON D 2019 DUNN M 2009 FERGUSON S 2018 GALLAWAY A 2019 GRANTHAM T 2017 HANRICK R 2013 HENNESSY P 2000 HUNT B 1996 JOHNSTON C 2010 DUNN D 2018 FERRIS W 1979 GALLETTO M 2000 GRAY J 2001 HARA W 2016 HENNESSY G 2016 HUNT R 1993 JOHNSTON N 2011 DUNN M 2017 FEWSTER D 1998 GALVIN M 2014 GRECH W 2015 HARCOURT G 2020 HENRY R 2002 HUNT S 1994 JOHNSTON A 2019 DUNN D 2020 FEYEN G 2013 GAMBACORTI B 1981 GREEN A 1989 HARDING N 2018 HENRY D 2006 HUNTER J 2017 JOHNSTON G 1982 DUNN G 2019 FIELD B 2014 GAMBLE J 1997 GREEN I 1996 HARDING A 2018 HENRY O 2002 HUNTER B 2009 JOHNSTON N 1999 DUNOON G 2019 FIELD AM CSC C 2019 GAMULIN L 2015 GREEN L 1959 HARDING M 2018 HERLIHY D 1970 HUON J 2019 JOHNSTONE T 1984 DUNPHY A 2003 FIELDING R 1999 GARAVAN K 1998 GREEN M 1994 HARDING I 2018 HERSOVICS P 2016 HURLEY AC DSC D 2018 JOHNSTONE A 2008 DUNPHY D 2019 FILBY B 2008 GARDINER P 1999 GREEN J 2000 HARDMAN C 2005 HERTZ L 1965 HUS W 2006 JONES J 1995 DUPREE J 1998 FILDES L 2019 GARDNER P 1985 GREEN M 2006 HARDY H 2010 HESSE M 1968 HUSBAND A 2013 JONES I 2001 DURRAN M 2007 FILDES S 2019 GARDNER L 2017 GREEN C 2019 HARDY A 2019 HEUCHMER G 1984 HYDE E 2001 JONES G 2011 DUSSELDORP T 1979 FINCH P 1998 GARDOLL B 2017 GREEN A 2010 HARDY J 2019 HEWINS A 2005 HYLAND P 1999 JONES M 2012 DUSTING J 2014 FINCH A 2010 GARLICK B 1998 GREEN L 2019 HARDY OAM J 2017 HEWITT J 2014 HYND J 2010 JONES P 2017 DWYER C 2018 FINDLAY J 1997 GARNETT C 1994 GREENE M 2013 HARDY OBE J 1971 HICKS I 2012 HYNES P 2016 JONES G 2017 DYERS M 2019 FINKELSTEIN M 2014 GARNSEY J 2006 GREENHALGH G 2019 HARE B 2019 HIGHAM C 2019 IACONO C 1965 JONES F 2019 DYMET B 2011 FINLAYSON M 2019 GATES M 2018 GREENHALGH R 2018 HARE C 2015 HILI B 2018 IBRAHIM N 2007 JONES N 1979 EADIE P 1978 FINLEY D 2010 GAWNE W 2005 GREENHILL N 2011 HAREMZA G 1992 HILKEN C 2019 IBRAHIM M 2007 JOOK S 2015 EADY A 1970 FIRKIN S 2016 GAZAL S 1971 GREENWICH MP A 2018 HARGREAVES P 2000 HILL G 1989 IGOE J 2014 JORDAN A 2012 EAGLE D 2011 FIRMIN M 2004 GAZZOLI D 2019 GREGA K 2018 HARLAND G 2015 HILL L 2019 ILLY T 1972 JORDAN A 2012 EAGLE B 2019 FIRTH R 2008 GAZZOLI S 2019 GREGORY A 1998 HARPER R 1989 HILLEARD D 1995 ILZHOFER S 2015 JORDAN D 2012 EASLEY-FOLGER N 2014 FISCHER S 1962 GEDDES L 1989 GREISEN K 2008 HARPER A 2017 HILLEBRAND M 2010 IMBARDELLI M 2014 JORDAN D 2003 EASTAUGH L 1987 FISHER D 1997 GEDDES A 2017 GRELLIS S 1999 HARPUR J 2019 HILLIARD B 2016 IMBARDELLI A 2013 JOSLING C 1994 EASTMAN S 1999 FISHER I 2008 GEEVES C 1993 GRIFFIN J 2007 HARRIGAN D 1998 HILLIER V 2019 INCHBOLD P 2001 JOWELL A 2005 EASTON S 1971 FISHER L 2008 GEEVES C 2009 GRIFFIN J 2006 HARRIS J 1970 HINCHCLIFFE M 2017 IND J 1979 JOWSEY D 2016 EASTON P 2006 FISHER R 2008 GEEVES C 2014 GRIFFITH M 2006 HARRIS P 2005 HINDS G 2004 INGATE S 2015 JOYCE A 2003 EASTON R 2007 FISHER R 2014 GEORGE K 2018 GRIFFITH M 2018 HARRIS R 1999 HINES R 2007 INGATE OAM G 1949 JOYCE M 1997 EASTWOOD D 1994 FITZGERALD G 2019 GEORGE K 2018 GRIFFITH AM D 1991 HARRIS C 2004 HINTZE AM M 2016 INGRAM D 2019 JULIER L 1997 EBENEZER J 2012 FITZGERALD M 2019 GERKE-REINEKE A 1999 GRIFFITHS A 1999 HARRISON E 1994 HIRST G 1998 INGVALL L 1997 KACHEL G 2009 EBENEZER S 2015 FITZGERALD M 2013 GHABRIAL J 2012 GRILK S 2017 HARRISON S 2008 HIRST A 1996 INWOOD A 2009 KAHLBETZER J 1967 EBENEZER I 1994 FLANNERY J 2004 GHOSH F 2020 GRIMES T 2016 HARRISON H 2008 HISLOP D 2012 IPKENDANZ A 1993 KAHLBETZER M 1999 EDER R 2012 FLEISCHMANN S 2007 GIBBENS G 2010 GRIMES J 2016 HARRISON A 2008 HO A 2011 IRVINE J 2019 KAHUGU M 2018 EDWARDS A 2002 FLEMMING M 2019 GIBSON G 1996 GROOM C 2014 HARRISON R 2011 HOARE K 2000 ISAAC G 2015 KALBARCZYK M 2017 EDWARDS P 2002 FLETCHER M 2018 GIBSON P 1992 GROUNDS W 1991 HARRISON G 2011 HOARE C 2019 ISBELL T 2015 KALIC N 2012 EDWARDS G 2001 FLETCHER M 1970 GIBSON J 1992 GROUNDS W 1994 HARRISON E 2016 HOCKINGS D 2015 ISHERWOOD J 2012 KALJO T 2019 EDWARDS T 2016 FLORES VELOZ R 2015 GIBSON J 2013 GROUNDS T 2016 HARRISON A 2017 HODDER J 1999 ISLES A 2014 KALUCY M 2016 EDWARDS I 2019 FLYNN L 2016 GIDDINGS D 2018 GROVE P 2003 HARRISON J 2019 HODGKINSON D 1993 ISLES A 1976 KALUCY E 2016 EDWARDS D 2020 FLYNN D 2008 GILBERT L 2013 GROVE P 1995 HARRISON J 1984 HODGKINSON L 1999 ISRAEL G 2006 KALUCY AM R 2016 EDWARDS J 2018 FOGGO D 2017 GILL M 1998 GROVE J 2016 HART A 1980 HODGMAN E 2005 JACKSON D 2001 KAROLL S 2015 EDWARDS M 2003 FOLBIGG B 1976 GILL M 2010 GROVE A 2016 HARTLEY M 2019 HODGSON M 2011 JACKSON B 1965 KAROLL E 2019 EDWARDS S 1977 FOLLAND T 2005 GILLESPIE A 2010 GROVES R 1994 HARTLEY K 2019 HODGSON T 2019 JACKSON M 1992 KAROLL A 2011 EGGLESHAW J 2011 FONZO M 2017 GILLEZEAU M 2018 GRUBB C 2001 HARTLEY V 2006 HODGSON J 2017 JACKSON A 2003 KARP R 2009 EGINTON J 1999 FORBES N 1995 GILLIES E 1989 GRUBB R 2010 HARTON H 2015 HOGAN B 2019 JACKSON A 2017 KARP E 2015 EILERT D 2007 FORBES M 2019 GILLIES R 1988 GRUT G 2011 HARVEY S 2016 HOGBEN D 2012 JACKSON C 2020 KARP M 1991 ELDRID P 2015 FORDHAM V 2014 GILLING P 2015 GRUZMAN A 2004 HARVEY F 2017 HOLDER G 2014 JACKSON R 2014 KATSIGARAKIS E 2016 ELIAS C 2019 FORDHAM N 2018 GIRDIS G 1954 GRUZMAN G 2009 HARVEY J 2010 HOLDER L 2018 JACOB S 2000 KATZ L 2018 ELLIOT G 2018 FORMOSA M 1994 GIRDIS S 1994 GRYLLIS C 1986 HASELDINE E 2016 HOLDER K 2018 JACOB P 2003 KAUFMAN G 1967 ELLIOTT G 2014 FORMOSA J 2007 GIVNEY D 2015 GUAN S 2011 HASKARD C 2016 HOLDER D 2014 JACOBS K 1986 KEAN M 2019 ELLIOTT D 2015 FORSTER W 2015 GLASBERG A 2005 GUANARIA I 2003 HASSLACHER I 2018 HOLE G 2003 JACOBS N 1991 KEANE S 1990 ELLIS R 1988 FORSTER R 2010 GLASSON R 1994 GUANARIA J 2003 HASTIE J 1996 HOLLE C 2017 JACOBS D 2010 KEAR A 2010 ELLIS C 1995 FORSTNER M 2005 GODDARD P 1978 GUANARIA S 2006 HASTINGS M 2008 HOLLES F 1994 JACOBS A 2015 KEARNAN A 2006 ELLIS S 2009 FORTUNE R 2008 GODDARD L 2018 GUEVARA-RATTRAY E 2014 HASTINGS B 2017 HOLLES D 2001 JACOBS J 2015 KEARNEY P 2016 ELLIS D 2014 FOSTER F 2002 GODDARD L 2019 GULLIKSEN N 2017 HATCH M 2013 HOLLEY J 2002 JACOBS R 2016 KEARNS S 2004 ELLIS H 2018 FOX M 2001 GODDARD E 2009 GUNDY C 2018 HATCH S 2013 HOLLINGSWORTH M 1989 JACOBS T 2016 KEARNS K 2010 ELLISS S 2015 FOX M 2011 GODDARD JNR J 1976 GUNNS W 2019 HATTERSLEY A 2018 HOLLOWAY M 2018 JACOBS E 2016 KEAVNEY R 2018 EMERSON P 2001 FOX D 2003 GOKYILDIRIM A 2014 GUTWEIN MP P 2020 HATTON H 1981 HOLM P 2005 JACOBS J 2018 KEAVY R 2012 EMMETT S 2019 FOXX R 2015 GOLDEN A 2018 HABER A 2002 HATZER P 2019 HOLMBERG R 2005 JACOBSEN T 2011 KEDGLEY-FOOT Z 2018 ENGELHARDT G 2016 FOYE B 1989 GOLDSACK T 2012 HACKNEY G 1985 HAVRYLIV A 2015 HOLSTEIN R 1997 JACOBSSON S 1991 KEELTY J 1965 ENGELHARDT G 2020 FOYE A 2018 GOLDSTIVER P 1995 HADDAD B 2018 HAWCROFT P 2001 HOLT A 1996 JAGGAR OAM K 1978 KEELTY M 1994 ENGELHARDT M 2020 FRAMPTON P 1989 GOLDSTIVER B 1992 HAEGE P 2014 HAWKINS D 2014 HOLUBINSKYJ A 2011 JAMES B 1972 KEEN J 2003 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TAYLOR C 2019 VASILYEVA L 2015 WEDDERBURN W 2003 WITTEY N 2002 RATTEN J 1978 ROXBURGH K 1971 SHAW B 2019 STAFRACE V 2011 TAYLOR-ADAMS L 2009 VASS H 2016 WEDDERBURN-MAXWELL S 2000 WITTEY J 2007 RAWLINGS K 1994 ROYLANCE L 1998 SHEILES D 1987 STANLEY B 1998 TEHRANI F 2011 VAUGHAN G 2003 WEGG G 1994 WOLFENSBERGER M 1986 READ J 1966 ROZENAUERS N 2019 SHELLEY L 1999 STANLEY M 2018 TEHRANI-WALKER L 2011 VAVAKIS M 2019 WEHRLE D 2013 WOLFF M 2006 READ D 2010 RUDDOCK G 2009 SHEPHERD W 2001 STANTON A 2017 TELFORD D 1995 VEGH S 2013 WEILEY J 1996 WOOD J 1984 READ J 2017 RUDKIN R 2019 SHEPHERD A 2019 STANTON K 2007 TERKEL D 2019 VENABLES S 1999 WEIR R 1996 WOOD P 2010 READ J 2015 RUGG W 2006 SHEPPARD K 1990 STAPLETON L 2001 TESCH L 2012 VENVILLE S 2019 WEIR S 2002 WOOD P 2010 READ M 2015 RUGGLES M 2019 SHEPPARD M 2013 STAR J 2009 TESS J 2007 VERBLUN E 2014 WELLS J 2014 WOOD D 2014 REBLIN K 2017 RUMING D 1994 SHEPPARD N 2014 STEAD L 2011 TESVIC I 2014 VERNALL J 2007 WELSH B 2003 WOOD A 2004 REDDICK S 2013 RUNOW S 1987 SHEPPARD J 2006 STECHMANN K 1993 THACKRAY M 2005 VICARS J 2007 WENHAM A 1981 WOOD AM G 2003 REDDICK W 2013 RUNOW L 2018 SHERIDAN J 1979 STEEL L 2010 THATCHER J 2006 VICARS J 2007 WEST R 1984 WOODCOCK T 2018 REDDICK E 2013 RUSSELL S 1997 SHERMAN W 1994 STEEL R 1985 THEEDAM R 2015 VICKERY J 2019 WEST P 2002 WOODS M 1981 REDDICK W 2013 RUTHERFORD D 2018 SHIPWAY P 1972 STENING C 2005 THOMAS M 2001 VIDOR AM E 1975 WEST N 2003 WOODS G 2003 REDILI A 2018 RYAN N 1978 SHIPWAY J 1994 STENTA M 2013 THOMAS A 2001 VIGAR J 2009 WEST T 2019 WOODS C 2003 REECE J 2018 RYAN M 2014 SHIRBIN J 1996 STEPHENS B 1985 THOMAS S 2004 VINCENT E 2006 WESTACOTT J 2011 WOODWARD L 2005 REES M 2015 RYAN S 2012 SHORT I 1995 STEPHENSON D 2017 THOMAS P 2013 VINE T 2005 WESTON S 2017 WORNER C 2009 REEVES M 1999 RYAN N 2013 SHORT M 2010 STERGOULIS M 2003 THOMAS R 2002 VOGEL P 2013 WESTWOOD T 2019 WRAGBY R 1996 REGENER N 2016 RYAN C 2014 SHORT J 1989 STERRETT N 2009 THOMPSON G 1994 VON EUW B 2019 WHALLEY R 2019 WRAGBY A 2001 REID P 2001 RYAN M 2015 SHRIMPTON N 2013 STEVENS R 1972 THOMPSON S 2015 VON STOLZENHEIM A 2017 WHARINGTON G 2001 WRAY M 2018 REID D 1989 RYAN P 2015 SHUTES L 1995 STEVENSON K 1986 THOMPSON L 2018 VON STOLZENHEIM U 2017 WHEATLEY A 2008 WRAY C 2018 REID W 2019 RYAN W 2004 SHUTES H 2018 STEVNS A 1993 THOMPSON A 2004 WADE D 1994 WHEELER W 2011 WRIGHT W 1975 REUBEN Y 2019 RYAN J 2016 SHUTOV S 2015 STEVNS C 2008 THOMPSON N 2015 WADE W 2014 WHELAN J 2012 WRIGLEY P 2010 RHO K 2017 RYAN E 2013 SHUTOVA Y 2017 STEWARD L 2018 THORP E 2004 WADSWORTH E 2019 WHELAN A 2012 WRIGLEY B 2015 RHODES T 1999 RYAN T 2003 SIBRAA P 2011 STEWART R 1978 TIEDEMANN S 2019 WAGNER N 2008 WHELAN J 2014 WRITER C 2015 RHODES M 2014 RYCKMANS L 2004 SIBRAA A 2014 STEWART G 2001 TILDEN G 2015 WAIN B 2001 WHELAN A 1999 WULF S 2014 RICH L 2015 RYCKMANS M 2004 SIMMER G 1987 STEWART S 2001 TILDEN S 2015 WAINWRIGHT S 2019 WHERRY K 2020 WULF B 2016 RICHARDS W 2015 RYDGE L 1966 SIMPSON T 2007 STEWART A 2002 TILLETT L 2009 WAKEFIELD-EVANS N 2019 WHITAKER N 2004 WYBORN M 2019 RICHARDSON M 2008 RYDGE R 2015 SINCLAIR G 2015 STEWART M 2019 TISDALE N 2005 WALDTHAUSEN G 1990 WHITBY V 2008 WYBORN C 2019 RICHARDSON G 2018 RYDGE AM OBE N 1964 SINCLAIR-WAITE L 2015 STEWART S 2005 TISHER C 2009 WALKER A 2011 WHITBY M 2001 WYLLIE A 2014 RICKWOOD C 2019 RYRIE S 2002 SINDEN L 2019 STEWART A 2003 TOBIN M 2014 WALKER B 2009 WHITE B 1999 WYLLIE W 2018 RIDDLE B 2003 SABEY M 2000 SIRETT G 1994 STICPEWICH D 1963 TOLL C 2019 WALKER D 2011 WHITE G 2001 WYNN P 1999 RILEY G 2015 SACKELARIOU R 1994 SIVRIS M 2007 STITZ D 2003 TOMKINS P 2007 WALKER E 2002 WHITE C 2004 WYNNE S 2019 RILEY W 1971 SAFFRE L 2019 SKILLEN D 1996 STODART C 2001 TOMKINS R 2008 WALKER F 2005 WHITE D 2009 WYNTER M 2003 RITCHIE M 2004 SAFFRE B 2019 SKOL-WIGGINS R 2006 STOECKEL M 1995 TOMKINS E 2020 WALKER R 2010 WHITE S 2015 WYSE C 2010 RITCHIE J 2009 SAFFRON R 2014 SLATER M 2014 STOECKEL A 1991 TOOHER E 1997 WALKER AO L 1997 WHITE P 2015 XIE M 2018 RIVERS W 2018 SAHAKIAN A 2015 SLEETH K 2017 STOECKEL H 1995 TOOHER-BURRELL T 2004 WALL P 1999 WHITFELD J 2009 XU Y 2017 RIVERS J 2017 SALMON L 2005 SLINGSBY T 2012 STOKES R 2019 TORNAI S 2010 WALL S 1997 WHITFIELD T 1994 YAFFA M 1999 RIVKIN D 2015 SALMON M 2005 SLOANE M 2014 STONE R 1998 TOWNSEND C 2018 WALL J 2017 WHITFORD P 2001 YANG L 2018 ROACH S 2000 SALON C 2016 SMALL M 2015 STONE J 2012 TOWNSON W 1997 WALLACE B 2014 WHITTAKER A 2014 YATES L 2010 ROBERTS J 1980 SANDARS D 2019 SMART S 1999 STONE E 2012 TRASK M 2019 WALLACE D 2015 WHITWAM L 2014 YEATES D 2013 ROBERTS S 1998 SANDISON J 1963 SMART B 2005 STONER H 2016 TREHARNE OAM H 1971 WALLIS K 2017 WHITWORTH A 1996 YEATES R 2013 ROBERTS C 1995 SANTIFORT W 1985 SMITH J 1998 STORCH D 1998 TRELEAVEN A 1994 WALLS J 2015 WHYTE K 2015 YEM D 1981 ROBERTS G 1996 SAPIR J 2015 SMITH G 2005 STOREY J 1989 TRELEAVEN J 1994 WALSH P 1976 WIESENER A 1996 YEUNG C 1996 ROBERTS J 2013 SATCHELL D 2000 SMITH J 1993 STRACHAN A 1977 TRELEAVEN I 1987 WALSH S 1998 WIESNER M 2015 YORK S 1986 ROBERTS P 2015 SAUNDERS B 2019 SMITH G 1991 STRANGER J 1993 TRELEAVEN I 1994 WALSH M 2000 WILBY J 2014 YORK A 2009 ROBERTS J 2019 SAUNDERS C 2014 SMITH S 2001 STRAUSS A 2014 TREMBATH R 1999 WALSH L 2008 WILD L 1982 YORK OAM M 1945 ROBERTS T 2018 SAVA M 2003 SMITH A 1997 STREETON W 1999 TRIGGS S 2009 WALSH P 2015 WILD D 2015 YOUNG M 2014 ROBERTS S 2019 SAY T 2015 SMITH A 2003 STROINOVSKY K 2006 TROUGHTON D 2018 WALSH D 2016 WILKINS B 2013 YOUNG M 2015 ROBERTS R 1983 SAYER T 2012 SMITH J 2002 STRONACH P 1984 TROUP C 1978 WALSH I 2019 WILKINSON P 2003 YOUNG J 2018 ROBERTS N 1994 SAYWELL A 2005 SMITH N 2004 STRONG J 2014 TROUP K 2019 WALTER L 2015 WILKINSON L 2017 YOUNG D 1999 ROBERTSON R 2000 SCADE F 2019 SMITH P 2004 STUART A 2007 TRYTKO B 2015 WALTERS B 2020 WILKINSON M 2001 YOUNG K 1992 ROBINSON S 1999 SCANLAN C 1994 SMITH A 2005 STUCKEY K 2019 TSIGOUNIS C 2018 WALTON J 1995 WILL S 1977 ZANARINI V 2004 ROBINSON M 1995 SCHEU A 2019 SMITH C 2014 STUHLMANN F 2014 TUCK W 2011 WALTON A 2017 WILLIAMS R 1958 ZAWALSKI E 2018 ROBINSON B 2014 SCHILLING B 2017 SMITH S 2014 STURROCK J 1985 TUCKER P 2010 WALTON AM J 1970 WILLIAMS J 2004 ZEHNDER P 1995 ROBINSON J 2018 SCHLEIBS R 2007 SMITH G 2015 STURROCK D 1981 TUDEHOPE A 2020 WAMBEEK G 2004 WILLIAMS R 2002 ZHANG S 2018 ROBINSON J 2015 SCHMID B 1986 SMITH S 2017 SUDANO D 2017 TUDEHOPE M 2020 WARD J 2011 WILLIAMS R 2010 ZHANG C 2015 ROBINSON R 1986 SCHOEVERS D 2014 SMITH A 2017 SULSTERS A 1997 TUDEHOPE A 2020 WARD D 2018 WILLIAMS D 2010 ZHAO Y 2017 ROBSON J 2003 SCHOFIELD L 2017 SMITH P 2019 SUNDBERG G 2012 TUDEHOPE H 2020 WARD M 2019 WILLIAMS A 2014 ZHOU Y 2020 ROCHAIX P 2010 SCHOFIELD L 2019 SMITH L 1995 SURGEON S 2019 TUER J 2019 WARE S 2015 WILLIAMS N 2014 ZHU H 2014 ROCKELL C 2002 SCHULTE P 2003 SMITH M 2018 SUTCLIFFE J 2018 TUISK U 1985 WARN J 1956 WILLIAMS M 2015 ZIELINSKI F 2010 RODGER J 1999 SCHULZ J 2015 SMITH D 2015 SUTHERLAND J 2019 TUISK G 1986 WARNER B 2016 WILLIAMS A 2016 ZUZZA P 1998 RODGERS L 2015 SCHULZ N 2017 SMITH J 2015 SUTTIE D 2017 TUISK R 2007 WASHINGTON T 2011 WILLIAMS M 2017

60 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 61 YACHT REGISTER YACHT REGISTER (CONT)

SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE AUS 1292 1292 MATTHEW RAMALEY ETCHELL 137 C'EST LA VIE MARK TOBIN JEANNEAU SO 44I 7700 ABOUT TIME JULIAN FARREN-PRICE COOKSON 50 8824 CHANCELLOR EDWARD TOOHER BENETEAU 47.7 JPN 4321 ACTIVE AGAIN STEPHANIE KERIN HUMPHREYS 54 AUS 257 CHARLOTTE ERVIN VIDOR CNB 76 CRU ADELITA DENNIS COOPER GRAND BANKS 36 CRU 9002 CHARON JOSEPH ABRAHAM MOTOR CRUISER SM 138 ADRENALIN DAVID JORDAN SYDNEY 38 USA 90210 CHECKMATE OF HOLLYWOOD RAYMOND ROBERTS IOR MINI MAXI 5148 AGENT 88 PETER & PAULINE REDMOND YOUNG 88 111 CHEEKY ENCOUNTER RON COOPER ERICSON 46 8080 AHOY DENISE VAN EWIJK JOHN MORRISSEY VAN DER STADT 40 AUS 13 CHINESE WHISPER DAVID GRIFFITH JUDEL VROLIJK 62 AKUBRA PATRICK WILDE FARR 1220 8350 CHORSE JOHN SMITH CAVALIER 350SL 5841 ALA MOANA SCOTT WILLIAMSON COLE 23 5038 CINQUANTE KIM JAGGAR SYDNEY 38 ALL IS FAIR SIMON KURTS SABRE 42 4 CLUB MARINE YOUTH SAILING ACADEMY ELLIOTT 7 5935 ALPHA CARINAE DAMIAN BARKER SYDNEY 36 6719 CMIST TROY & SCOTT DILLON BENETEAU 44.7 AMADOU CHRIS BULL AMEL 54 CRU COALLITION ALAN QUICK MATTHEW PALAVIDIS RIVIERA 40 6609 AMANTE DENNIS COOPER SYDNEY 36CR 3720 COLAC BAY RAYMOND COLLETT ENDURANCE AYD 8 AMAZINGRACE ANDREW BANKS & MALCOLM ROE SWAN CLASS 45 CONFUSION ROBERT SMITH COMPAS 30 C 45 AMBITION ROBERT ROBERTSON BAVARIA C45 CONVICTS REVENGE STEPHEN GIRDIS J24 W 250 AMICI JOHN SMITH JANE GAMBLE HKG 56 COOL PHILIPPE ODOUARD BENETEAU FIRST 30 8048 ANDIAMO! MALCOLM EDWARDS BUIZEN 48 B COOL CHANGE JOHN BOX BENETEAU 34 D 48 ANDROMEDA ED VINCENT FARR 11.6 6689 COPERNICUS GREG ZYNER RADFORD 12 6529 ANDURIL ANDREW BARNES SYDNEY 32 COTE D'AZURE JAMES PEACH BENETEAU MH 10 ANGOURIE SARAH AND HECTOR CRAWFORD JEANNEAU 349 AUS 11111 CQS LUDDE INGVALL IRC SUPER MAXI 5106 ANNA ROBERT GILLIES GEORGE SIRRETT, ALAN STEVENS NORTHERNER 28 6683 CROSSHAVEN SEAN RAHILLY JUSTIN PELLY SYDNEY 36CR 7447 ANOTHER PAINKILLER ROD WEST BENETEAU 44.7 5886 CROSSING SIMON MAY X 442 316 ANTHANTA VI ANTON GRUZMAN NAUT 40 AUS 160 CRUSADER JONATHON GREEN MELGES 32 500 ANTIPODES OF AUSTRALIA GREG NEWTON BENETEAU 523 109 CRYSTAL BRAD AND SANDY LESTER CATALINA 309 2 AOMA SCOTT RYRIE LOGAN 30 6661 CRYSTAL CUTTER III CHARLES PARRY-OKEDEN BENETEAU FIRST 40.7 6809 APPLEJACK DEREK MCDONNELL ROGERIO BLANC-RAMOS BENETEAU OCEANIS 31 8412 CYRENE 3 MIKE SELBY ELENA WISE X 412 APSARA BARRIE & CHRIS ELSBURY SWAN 56 LM 28 DANSKER BILL WILSON TIMOTHY WILSON LM28 7030 AQUANIMITY RAYMOND SCHWARTZ DUFOUR PERFORMANCE 36 CRU DAWN TREADER MATT SOUTER JEFF BEATON 32' MOTOR SAILER 6544 ARALUEN RODNEY WILLIAMS BENETEAU OCEANIS 423 11 DEFIANCE NICOLE SHRIMPTON INTERNATIONAL 8 METRE 69200 ARCH NEMESIS ANDREW DALE / CHRISTOPHER HARE JEHANE GHABRIAL C & C 41 7045 DEFIANT PAUL BILLINGHAM PETER MCGEE BAVARIA CRUISER 41S 6519 ARCHERON NEVILLE & JAQUELINE BROWN BENETEAU 393 F 88 DEGREES OF FREEDOM STANLEY REYNOLDS RUNNALLS 38 7101 ARCHINA BILL FERRIS JOSEPH SKRZYNSKI KETCH 52569 DENALI DAMIEN PARKES TP52 C 1 ARGO BLUE GEORGE SNOW BENETEAU OCEANIS 50 DESPERADO ANDREW LUKAS SPY 8.2 956 ARIADNE DAVID ANDREWS CATALINA 320 DEVI GARH BRAD GARLICK BENETEAU OCEANIS 46 A 140 ARIEL RON FORSTER BENETEAU FIRST 40 6660 DEVILS ADVOCATE MARK DONELLY CAVALIER 28 027 ARIETTA LAURIE LASH JEANNEAU SUN ODYSSEY 379 621 DEVILS LAIR BARRY CROOK MOUNT GAY 30 1900 ARIKI DAVID WILLIAMS CAVALIER 28 DIFFERENT DRUM TOM O'CALLAGHAN ENDEAVOUR 24 CIG 16 ARIKI TAI DENIS DOYLE LYNNE SMITH CIGALE 16 KA 5300 DRAKES PRAYER TED CRIMMINGS FARR 43 ASTOR RICHARD STRAMAN 86' SCHOONER 3433 DREAM TIME PAUL SPIRA HOLLAND 44 CRU AUDREY J STUART PURVES TRAWLER ESP 6100 DUENDE DAMIAN PARKES JUDEL VROLIJK 52 6986 AURORA II MARCUS GILLEZEAU JEANNEAU SO 36I 7744 EAGLE ROCK ROSS WILSON BENETEAU 47.7 3430 AZZURRO SHANE KEARNS SPARKMAN STEPHENS 34 USA 163 ECLIPSE CAMERON MCKNIGHT VIPER 640 BAD PETER FRANKS BENETEAU 44.7 144 ELECTRA BRADSHAW & VICTORIA KELLETT COLE 43 3143 BALAMARA JAY & ANITA MCEVOY CAVALIER 975 7 ELLIOTT 7 YOUTH SAILING ACADEMY ELLIOTT 7 BALLDA GREGORY HAREMZA DEKLOET B.V 9.5 CRU EMERITUS 2 NICHOLAS RYAN MOTOR CRUISER CRU BALLY GEOFF LAVIS PRESTIGE 500 R 558 EMILY MAURICE DRENT’S COUTA BOAT 6652 BALTIC LADY NIEL BURLING HANSE 40 NZL 8577 EMILY TIM CASEY DOVELL 62 AUS 717 BANDIT WARWICK ROOKLYN MELGES 24 5910 ENBEEDEE IAN PORTEK BENETEAU 31.7 4423 BASKA ALLAN RICH SLOOP ENDLESS SUMMER II BRUCE NEIL CATAMARAN GBR 2566R BELLA GIOIA JOHN & KAREN COLE SWAN 40 ENTERPRISE ANTHONY TWIBILL LEXCEN 40 5411 BELLANDEAN SERGE JOOK JARKAN 38 AUS 1286 ENTOURAGE SHANE GUANARIA ETCHELL 371 BERRIMILLA 3 ALEX WHITWORTH M26 FOLKBOAT CRU 9023 EOS JON MEYER MOTOR CRUISER 6767 BIG BLUE STEPHEN PHILLIPS BENETEAU FIRST 38S5 EPICURUS PETER MAITZ BOATSPEED 86 BIG SPLASH PETER LYNCH HUNTER 1061 EPIPHANY NIGEL PRICE CATALINA 320 6783 BLACK PEARL IAN AWFORD BENETEAU OCEANIS 40 237 ERICA PETER WILLIAMS XP 44 5962 BLACKJACK BRUCE RANKIN JEANNEAU SUN ODYSSEY 40 6059 ESCAPADE RAWDON SIMON BAVARIA AUS 197 BLACKJACK TERRY WISE PACIFIC SAILING SCHOOL J24 8181 ESPRESSO FORTE LAURENCE FREEDMAN FARR 55 3302 BLIND JUSTICE STEPHEN O'HALLORAN CAVALIER 28 345 ESPRIT D’ARCACHON WILLIAM PECK HANSE 345 USA 50035 BLING JACK GOLUZD NELSON MAREK 35 CRU ESSEX MICHAEL CALDWELL CRESTA SEDAN CRUISER 7701 BLISS ERIC FRANK BENETEAU OCEANIS 45 03 ETHEREAL ANTHONY TWIBILL DEHLER 46 N 5555 BLOWN AWAY II GRAHAM MANVELL JARKAN 12.5 8455 EUROPA DAVID MASON WAUQUIEZ 45 6006 BLUE CHIP KARL STECHMANN PETER MASON SYDNEY 38 7017 EXCEL ANDREW JOYCE THOMPSON 7 79072 BLUE TOMALI JOHN FRENCH C&C / 121 8063 EYE APPEAL MICHAEL DELANEY JOHN MARKOS SYDNEY 36CR BOADICEA ANDREW MILN COMPASS 28 EYE CANDY ANDREW PAYNE BAVARIA 39 BX 43 BORDEAUX PETER ZEHNDER ALICE MURPHY BENETEAU OCEANIS 43 338 FAST COMPANY RALPH GUDDERJAHN YOUNG 88 1616 BORN FREE ANDY PETZOLD WALTER RATHGEB COMPAS 29 6412 FERGUS RENEE WILLIAMSON-NOBLE X 42 1616 BORN FREE WALTER RATHGAB SLOOP 2153 FICTION MICHAEL BLAXELL PETERSON 30 6703 BOSWELL NANETTE AINSWORTH BAVARIA 34 5200 FIFTY TWO HUNDRED IAN AND PETA SHORT FARR DESIGN TP 52 MH 86 BOX OFFICE DAVID LYONS LYONS 25 C 162 FIGMENT BRUCE COX CATALINA 320 6265 BRAINWAVE JOHN SIMMONDS BENETEAU 473 AUS 6508 FINN JANEY TRELEAVEN IAN TRELEAVEN FARR 40 9988 BRANNEW CHRIS BRAN BENETEAU FIRST 40CR 44800 FIRST LIGHT DAVID JACOBS ROY MELICK DEHLER 41DS 6628 BREAKAWAY CHARLES CORNELL BENETEAU OCEANIS 42.3 5700 FLYIN’ SCUD ADAM GOODE LYONS 40 BRIGADOON DARYL ISLES HOOD 23 Q 1 FLYING SAUCER MARK & ANNE ANDERSON MOTOR SAILOR 7035 BRIGUS III TERENCE BURKE PUBLIC PRIVATE PARTNERSHIPS PL BENETEAU FIRST 35 AUS 6133 FOREIGN AFFAIR MATT WILKINSON FARR 30 111 BRINDABELLA HAMISH LINDSAY ENDEAVOUR 24 CRU FORESIGHT MICHAEL SPIES RUNABOUT 10000 BRINDABELLA JIM COONEY JUTSON 79 645 FORTLET JOHN MACONOCHIE KETCH KA 294 BROLGA MALCOLM & MARK ANDERSON E22 8001 FORTY PHIL/SAM/MICHAEL TOMKINS/HILL/O’BRIEN FARR40 OD CRU BULGANA ROBERT SCRIVENOR MOTOR LAUNCH 6044 FRANCESCA BRENT CARR JEANNEAU BULLANT ROUGE COLIN ALLECK SPARKMAN STEPHENS 34 USA 5341 FREE BIRD PHILIP ASCHE SWAN 44 7441 BUMBLE BEE 5 JOHN DIETER KAHLBETZER SLOOP 8885 FREE SPIRIT STEPHEN GIRDIS JEANNEAU 51 BUMBLE BEE IV JIM COONEY SLOOP 345 FREE SPIRIT WILLIAM GAWNE HANSE 345 52650 BURNING PALMS RUPERT HENRY J-BOATS J-65 5138 FREETIME GREGORY TOTTEN WARWICK 40 9994 BUSH TELEGRAPH FIONA DAVIES DAVID DAVIES ADAMS 10 FREYA JOHN SINGER SLOOP 80 CRU BUSTER ANDREW SMITH 28' MOTOR CRUISER R 10 FROTH & BUBBLE NATHAN SMITH YOUNG 780 8301 CADENZA GUNNAR TUISK FARR 50 6482 GAIA WAYNE JUPP HOWARD ELLIOTT X 482 R 420 CADIBARRA 8 PAUL ROBERTS JONES 42 CRU GALVESTON DAVID HEALY CARIBBEAN 35 USA 61268 CAILIN LOMHARA LAWRENCE GREEN TAYANA 52 38011 GINGER LESLIE GREEN MC38 7777 CALIBRE RICHARD WILLIAMS SYDNEY 38 AUS 114 GLORY ROAD GORDON WEISE J24 CALINA IV CHARLES BREWER VAN DER STADT PION 30 10 GME YOUTH SAILING ACADEMY ELLIOTT 7 MH 102 CALLISTA TIM FLAHVIN BENETEAU 47.7 5484 GONDWANA PETER EDWARDS ROBERTSON 950 930 CALYPSO TOOTH/GRAHAM/CLARK NORTHSHORE 33 8005 GOOD GRIEF IAN TAYLOR AUSTRAL CLUBMAN SUPER 30 6259 CAMILLA ANGELO SCHEPIS TRADITIONAL 30 CRU GORDON MARSHALL CYCA STEBER 36 CRU CAPE NORTE MAX YAFFA MOTOR CRUISER 6990 GREAT WHITE BOB & ANN PENTY BENETEAU OCEANIS 41 6278 CAPELLA RICHARD HUTCHESON BAVARIA 36 6343 GREAT XPECTATIONS ROD WILLS X-YACHTS/X43 9009 CAPRIA PAUL HYLAND BENETEAU 40.7 14 GREENGATE MATTHEW FISHER MAGIC 25 7061 CAPRICCIO TONY CRAVEN CATALINA CAPRI 22 NZL 8425 GUNSHOT DAVID WALSH ELLIOTT 52 13 CAPRICE OF HUON DAVID CHAMPTALOUP CLASSIC 3976 GUSTO PHILIP DENISON CAVALIER 39 CAPTAIN DENIZ GULAY BILSEL BAVARIA 37 4173 HALF HOUR PAUL HENDREY HALF TONNER SYD 25 CARABELLA V MATTHEW MCCANN X YACHT XP50 6937 HANNI TIM WILSON RINGLE 39 8090 CARAVELLE LESLIE PONGRASS JEANNEAU SO 469 6644 HAPPY TOO EDWARD DERMODY BAVARIA VISION 44 567 CARLA M MARK MICHALOWSKI BENETEAU 47.7 AUS 202 HAT TRICK DAVID HENRY ETCHELL 7016 CAROLINA WILLIAM REDDICK BENETEAU OCEANIS 45 6318 HAVANA JOHN JAMIESON SLOOP 5601 CARPE DIEM IAN BEGLEY KAY COTTEE 56 HAVE FUN GARY DONOVAN NORTHSHORE 33 AUS 49005 CARRERA S GERRY CANTWELL MARTEN 49 5728 HEAVEN JOOST KERDIJK BENETEAU 33.7 5438 CARTWHEEL RUSSELL DEBNEY CARTER 33 6726 HECTOR BERTRAND PHILIPPE JEANNEAU SUN ODYSSEY 36IP 317 CATALINA JOHN MCKIM AM CATALINA 34 AUS 98 HEY JUDE JAMES LEY INTERNATIONAL FINN 37008 CATAVENTO PETER BLAIR NORTHSHORE 370 9797 HIDDEN AGENDA GRAHAM GIBSON SYDNEY 38 6952 CELESTIAL SAM HAYNES TP 52 5773 HIGHWAY PATROL MICHAEL BLAXELL DUBOIS 30

62 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 63 YACHT REGISTER (CONT) YACHT REGISTER (CONT)

SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE AUS 8899 HOLLYWOOD BOULEVARD RAY ROBERTS FARR 55 101 MARK TWAIN MICHAEL SPIES S&S ONE TONNER 6797 HOLY COW! JOHN & KIM CLINTON BENETEAU OCEANIS 50 4715 MARLOO GEORGE GIRDIS JARKAN 12.5 2125 HOO HA PETER HOWES HALVORSEN 25 31 MARQUISE STEPHEN LAMBERT MOODY 41AC 115 HOODWINKED NOEL O'BRIEN HOOD 23 6512 MARTINI DAVID STITZ THOMPSON 870 6739 HUBCAP II HERMAN HEILIGERS BENETEAU OCEANIS 40 ITA 70 MASERATI JIM COONEY VOLVO OPEN 70 AUS 1084 HUMPBACK STEPHEN BARLOW ETCHELL 6313 MASQUARADE TIMOTHY FOLLAND NORTHSHORE 27 888 HUNTRESS PHILIP GROVE SYDNEY 39 CR 6397 MATIKA JONATHON GOWLLAND SLOOP HYSTERESIS III MARK & LOUISE SALMON PASSPORT 42 AUS 202 MAVERICK TERRY WISE PACIFIC SAILING SCHOOL J24 6815 IAGO GIBSON, YEATES BUTLER, MARSH BENETEAU FIRST 40 4377 MAX BARRY & TOBY MUNNS PETER FALLON CAPE 31 R 6572 ICEFIRE ICEFIRE SYNDICATE MUMMERY 45 6928 MENAGE A TROIS KARL MATISZIK BENETEAU FIRST 30 AUS OO1 ICHI BAN MATTHEW ALLEN TP 52 MENTAL BLOCK BRETT PHOEBE LAGOON 400 AUS O1 ICHI BAN MATTHEW ALLEN CARKEEK 60 1224 MERCEDES IV PETER STRONACH ONE OFF 6458 ILUKA DANIEL STORCH NEIL FOX NORTHSHORE 369 2260 MERRY MAC DAVID MCCLEAN CLANSMAN 35 IMAGINATION ROBIN & ANNETTE HAWTHORN BENETEAU 47.7 ST 36 MIDNIGHT RAMBLER ED PSALTIS SYDNEY 36 922 IMAGINE JOHN ACKLAND BONBRIDGE 27 MIGALOO ROSS HETHERINGTON CATALINA 470 1961 IN CAHOOTS PAT & ROBERTA EASTON BENETEAU OCEANIS 50 2143C MIGNON BOB FISHER FIFE DAYBOAT INFINITY IV MARTIN JAMES BENETEAU FIRST 50 MISSA SOLIS NIGEL WESTLAKE HUNTER 340 6360 INTEGRITY ANDREW STOECKEL BENETEAU FIRST 42S7 6515 MISTRAAL ANDREW BULLARD BENETEAU 57 89 INTO THE MYSTIC ARTHUR PSALTIS JON ROSS HANSE 430E R 678 MISTY PAUL KENNA LAW S&S34 7106 INTRO II GARY CASSIM INTRO 22 5050 MOJO RICK FELDING FUSION 40 3209 INVADER ANTHONY WEBB EASTCOAST MONA R.A & W.M PORTER 38' GAFF KETCH 6509 IOLANI PETER WINKLER BENETEAU OCEANIS 361 6914 MONICA’S DAUGHTER JEFF ROBINSON CUSTOM 30 299 IRREPRESSIBLE KIM LE GRAS E22 4272 MONKEY MAGIC JOHN PENFOLD SLOOP AUS 1337 ITCHY JAMIE WATSON ETCHELL 395 MONTANA SHANE & JAN O'CONNER CAREEL 5M 236 ITIKI KEITH LOGAN LYNDA SHELLEY FOUNTAINE PAJOT - HELIA 44 CRU MOOCHALONG MATTHEW ALLEN PALM BEACH 65 C 45 ITS TIME ROBERT ROBERTSON BAVARIA C45 AMBITION 6625 MOONDANCE MICHAEL COOPER CYCLADES 39 1390 JABS BRAD STEPHENS CONTESSA 25 MOONSHADOW PAM CARRINGTON BENETEAU OCEANIS 423 AUS 7 JAMES TIM RYAN J70 8882 MOONSHADOW V LLOYD BENNETT DUNCANSON O'SHORE 7178 JANELLEY PETER BERGER BENETEAU OCEANIA 38.1 MORE MISCHIEF SIMON CARR BENETEAU OCEANIS 45 4923 JAPARA PAT GUNNING COLE 30 8402 MORE WITCHCRAFT JOHN CAMERON EAGLE 46 USA 175 JAWS STAN HALES 11MTR 6484 MR BOJANGLES WARREN GROUNDS JEANNEAU 40.3 GBR 772 JAZZ 4 CHRIS BULL INTERNATIONAL DRAGON 4748 MULLOKA PHIL BARTER NORTHSHORE 31 2210 JAZZED UP EDWARD DERMODY BUIZEN 40 3509 MURPHYS LAW DEBRA WALLACE ENDEAVOUR 27 SM 6518 JEM JEFF DUSTING SYDNEY 47CR 2 MUSTO AUSTRALIASIA YOUTH SAILING ACADEMY ELLIOTT 7 1309 JESSICA RABBIT BRUCE MILLAR SYDNEY 32 CRU NAIAD PAM MESSENGER 26FT TIMBER LAUNCH 5531 JESSIE STEVE HUDSON BROLGA 33 3111 NAND IV RICHARD CHAPMAN SALAR 40 CRU JOLLY ROGER MATTHEW DE TORRES VIKING 30 5482 NAUGHTY CALL GREGG WATSON ROBERTSON 950 4763 JONGLEUR JOHN & CLARE FRASER J24 AUS 1 NAVAL GROUP SEAN LANGMAN RP69 JOVE REG & SALLY LORD J111 6538 NEGOTIATOR PHILIP RICHARDS JEANNEAU SUN ODYSSEY 36.2 KA 8 JUANA JOSE DE LA VEGA INTERNATIONAL 8 METRE 33 NERIDA SIR JAMES HARDY CUTTER JUICY FRUIT GEOFF FOLEY S 80 6111 NEVER A DULL MOMENT COLIN & DENISE WILSON MACKMAN/LYONS 49 JUNO REG & SALLY LORD J70 6081 NEXT ROBERT/JON/MILES/GREG HUNT/SHORT/BASTICK/GLEESON SYDNEY 38 CRU 18 KAI LAG MAURICE DRENT LUGGER 7557 NGAK NGAK HAMISH PETRIE BENETEAU 57 3401 KAIYU OWEN THOMAS LION AUS 9009 NIGHT NURSE RUSSELL MCCART FARR 40 OD 2682 KARISMA JOHN MANSON SPARKMAN & STEVENS 39 5995 NIPS-N-TUX HOWARD DE TORRES IMX 40 3031 KATINKA PAUL O'CONNELL MARAUDER 27 AUS 98888 NO LIMIT DAVID GOTZE REICHEL PUGH 63 CYC 8 KATWINCHAR BILL BARRY-COTTER WATNEY RATER. N 3 NOAKES BLUE SEAN LANGMAN N26 7878 KAYLE DAVID PESCUD LYONS 54 N 2 NOAKES RED SEAN LANGMAN N26 4968 KERMITTED JAN KENNEDY ENDEAVOUR 26 N 1 NOAKES WHITE SEAN LANGMAN N26 6153 KIA KAHA JUSTIN ATKINSON CAT WRITH YOUNG 88 5271 NOCTURNE GERARD KESBY MURRAY BURNS DUVAL AUS 7742 KIALOA II PATRICK & KEITH BROUGHTON S&S 73 AUS 180 NOKOMIS GEOFF COWEN J24 KIAP DAMIAN CLARKE FJORD 24 WEEKENDER 5857 NORTH STAR PETER THOMAS NORTHSHORE 52152 KOA ANDY KEARNAN PETER WRIGLEY TP52 AUS 368 NORTH SYDNEY STATION ED MCCARTHY E22 CRU KODAK ACE KELVIN MOWTELL RUNABOUT 226 NYORA TRACEY/GRAHAM CARPENTER/EVANS SLOOP CRU KOKODA RUSSELL MCCART OFFSHORE 62 8008 OCCASIONAL COARSE LANGUAGE TOO WARWICK SHERMAN KER GTS 43 8883 KOKOMO LANG WALKER FARR 40 OD OCEAN DIAMOND JOHN HOSKIN READ PENELOPE GAI READ JEANNEAU 452 KOKOMO LANG WALKER MC38 TYC 101 OCEAN FREEWAY CHARLES BOOTH ADAMS F 589 KONDILI PHIL & ROBYN HEARSE HANSE 495 3000 OCEAN ROAD GARY MCLEOD BENETEAU SENSE 43 AUS 40 KOOKABURRA GRAEME WILSON IACC AUS 1254 ODYSSEY JILL CONNELL ETCHELL 8383 KRAKATOA DON YOUNG YOUNG SUPER 30 OENONE HELEN LOVETT 38'GAFF CUTTER 9 KYEEMA DENIS O'NEIL 9 METRE CRU OFFSHORE CYCA STEBER 36 FLYBRIDGE SYD 55 L’AMOUR DE MA VIE NEVILLE WITTEY BENETEAU OCEANIS 55 CRU OLLIE NICK KINGSMILL MOTOR LAUNCH 7089 L’OISEAU MIKE GALVIN BENETEAU 45 CRU ONE CROWDED HOUR JOHN HARRIS PALM BEACH 36 LA BOHEME TIM BEVERIDGE AMOL SUPER MARAMU 8035 ONE MORE-NO MORE IAN GUANARIA BENETEAU FIRST 35 7121 LA NICHE BRETT PEARCE KAREN HAWKETT HANSE 250 8898 ONESAILS RACING RAY ROBERTS TP 52 4584 LA VELA CHRIS PENTLAND BENETEAU OCEANIS 37 SYD 181 ONLINE STEPHEN TREVELLION JARKAN 12.5 CRU LADY JOY JAMES & JOY MCLAREN MOTOR CRUISER AUS 7151 OPTIMUM RICHARD BRASHER FARR 30 CRU LADY NORMA RON SPINNER GRAND BANKS 63 NZL 9242 ORBIT MATTHEW BROWN SHAW 10 L'ANGUILLE PAUL WILLIAMS TAHE WIND 585 OUT OF THE BAG WILLIAM WEBB SLOOP LAPSE OF REASON SERGEI SHUTOV YULIA SHUTOVA TOP HAT 25 AUS O40 OUTLAW ALAN & TOM QUICK FARR 40 133 LAROOL TJERK DUSSELDORP 30 SQUARE METRE CLASS 4114 OUTWIDE RACING PETER SCHWARZ THOMPSON 650 8832 LARRIKIN ROSS/RICHARD GLASSON/HARPER SYDNEY 32 5668 OVERDRIVE ANDREW JOHNSON MEEGAN THOMAS NORTHSHORE 380S 3782 LARRIKIN JOHN WEILEY ADAMS 10 AUS 202 PACATAC TERRY WISE PACIFIC SAILING SCHOOL J24 8975 LAST TANGO PHILLIP KING SALONA 44 PAINKILLER ROD WEST BENETEAU 44.7 717 L'ATTITUDE JOHN BARTER DEHLER 41DS 454 PALANA ROBIN WILLIAMS ARTHUR ROBB 38 4896 L'EAU CO GRANT POLLOCK NORTHSHORE 380 8550 PANACEA REECE THEEDAM JEANNEAU SO 409 6833 LEEWARD ROBERT LEWIN MURRAY HAYWOOD BENETEAU FIRST 40 80808 PANACEA PETA WILCOX BENETEAU 40.7 0110 LEGENDE ASHLEY PAGE JEANNEA GRP SLOOP, ODYSSEY 43DS. (2004). 6657 PANTOMIME IV MICHAEL KELLY MOODY 35 LHL DECLAN BRENNAN HALVERSON 25 MOTOR CRUISER 5447 PAPILLON JOHN ROTH SUNSET 750 3643 LIBELLULE NEVILLE OLLIFFE SPARKMAN STEPHENS 39 6841 PAPILLON PHIL MOLONY ARCHAMBAULT A 40 RC 6861 LIBERTE MICHAEL KARAGIANIS GARY SIMON BENETEAU OCEANIS 40 776 PAPOU GELI ROSS KARP BENETEAU FIRST 25.7S 2616 L'IL BEAUTY FUJI HUANG TRITON 24 CRU PARADISE SIR WILLIAM TYREE RIVIERA 56FB 6277 LIMELIGHT ALAN HUSBAND BAVARIA 51 PATRICIA AGAIN BILL SHERMAN BAVARIA 35 6772 LISDILLON DES FAGAN SEAQUEST 36 99 PAZAZZ II ROBERT DRURY DEHLER 44 450 LITTLE DRAGON ROSS ALEXANDER NORTHSHORE 27 329 PEGASUS WILLIAM STREETON ENDEAVOUR 32 LITTLE G PATRICK BROUGHTON ETCHELL 5164 PENDRAGON ANDREW COCHRANE STEWART 34 3806 LIVEWIRE PHILLIP BARNES SYDNEY 38 OD 40 PEREGRINE DAVID STEPHENSON FARR 40 ONE DESIGN 1236 LOCAL HERO SHANE CONNELLY BASHFORD HOWISON 36 SM 74 PERFECT MATCH ALUN LEWIS BAVARIA MATCH 35 A 156 LOLITA NICHOLAS CASSIM WOODEN SLOOP 7131 PERIPATUS COLIN WORNER DUFOUR 412 GL SA 360 LONGSTAFF II MATTHEW AVENELL BAVARIA CRUISER 40 M 669 PHOEBE CELESTE HARRY HOUSE ROZINANTE LORELEI MATTHEW FARR HANSE 385 E 226 PILGRIM PAUL LEY KAUFMANN 58 3383 LOTUS ARTHUR EADY LOTUS 10.6 7623 PLABA IV BRUNO GAMBACORTI 1/2 TON 294 LOVE & WAR SIMON KURTS SPARKMAN STEPHENS 47 101010 SHAPE DEAN HARRIGAN REICHEL PUGH 42 6175 LOVE BYTE CYRIL LATIMER, CHRIS FRANCE & DAVE ALLAIS SYDNEY 38 US 20 PLYM NEVILLE CRICHTON SLOOP 56 SB 445 LUNACY CHRIS MCSORLEY HANSE 445 POLARIS MARK GALLAGHER MOTOR SAILOR MADEIRA GEOFFREY SMITH SUN ODYSSEY 554 DS CRU POMPIE TONY HENDERSON TIMBER CRUISER AUS 1360 MAGIC CARPET MARCUS WHITE ETCHELL PRESTO BRUCE DENNIS CAVALIER 28 3687 MAGNETIC NORTH RICHARD HAMMOND CAVALIER CRU PRIMA MICHAEL SPIES ANDREA HOLT PRIMA 54 946 MAGNUM ROBERT WILTON BOUNTY 35 PRIME TIME CHRIS SCHMID CATALINA 30 CRU MAHALO RUDYARD MCKENDRICK MULDER 98 S 777 PRIMITIVE COOL JOHN NEWBOLD REICHEL PUGH 51 (RP51) NZL 1 MAHLIGAI MURRAY OWEN JENNY KINGS SYDNEY 46 4582 PRIVATEER BILL MIROW DAVID DALTON BENETEAU FIRST 345 A 19 MALUKA SEAN LANGMAN GAFF 120 PROSPECTOR GREG JOHNSTON CUTTER 6616 MANLY FERRY JOHN RAINBOW WARWICK 53 KA 2 Q T SCOTT RYRIE 30 SQUARE CRU MARCUS B KAY COTTEE RIVER BOAT CRU QE3 MR K J STEVENS MOTOR CRUISER 353 MARGARET RINTOUL BRUCE GOULD YAWL KA 2 QUADRATO TRINTA SCOTT RYRIE 30 SQUARE SYD 5 MARGARET RINTOUL V GRAEME WILSON FRERS 61 F 8 QUATTRO JASON DAISLEY BENETEAU OCEANIS 43 3966 MARIGOT BAY MERRYL SEMPLE PETERSON 30 AUS 893 QUEEN ANNES REVENGE MICHAEL BELLINGHAM ETCHELL USA 16 MARITIMO BILL BARRY-COTTER SCHUMACHER 54 QUEENIE GRACE ANDREW MORRIS SAVAGE OCEANIC 46

64 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 65 YACHT REGISTER (CONT) YACHT REGISTER (CONT)

SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE AUS 52002 QUEST BOB STEEL CRAIG NEIL TP 52 9900 SUPERFINE GEORGE WALDTHAUSEN CAVALIER 350 SL 609 QUETZAL BRIAN CLAYTON NANTUCKET 31 1295 SURAYA CARL SRIBER SPARKMAN STEPHENS 37 2001 QUETZALCOATL A BRUCE, J LEE WARNER & A SWEETAPPLE JONES 40 CRU SURFRIDER II DAVID BURT HALVORSEN 40 FLYBRIDGE CRUISER 6444 QUICKIE STUART MUIRHEAD SYDNEY 32 A 250 SURPRISE ALAN & JOHN STEVNS & WESTACOTT BORRESEN BB10 370 QUINTESSENCE SHANE FIRKIN NORTHSHORE 370 AUS 2847 SWAY SHANE GUANARIA TASAR 1272 RABELAIS PHILLIP MILLS COLUMBIA 33 6166 SWEET CHARIOT RALPH AND JENNIFER PICKERING J109 AUS 70 RAGAMUFFIN 52 SYD FISCHER TP 52 6085 SWEET CHARIOT IV DAVID & JILL HENRY BUIZEN 48 RQ 130 RAGTIME STEVE WATSON J130 6070 SYDNEY CHARLES CURRAN SYDNEY 60 4684 RAINBOW JOHN ROBERTS NORTHSHORE 38 18 SYLVENA CAMERON MCDONALD HERRESHOFF 38 AUS 1191 RANGOON TIGER CHRIS GRUBB ETCHELL 6497 SYMBIOSIS TROY SCOTT SYDNEY 36 RAUCOS HENRY ROURKE OPEN 40 193 SYONARA GREG MAUGHAN SWANSON 6332 RAZORS EDGE RAY STONE SYDNEY 32 6835 TAHOE BLUE PAUL WOOD BENETEAU FIRST 35 AUS 1 REO SPEEDWAGON ANDREW YORK REO 7.7 114 TAKE TIME GRAHAM H SMITH BROLGA CRU RESTORATION RUSSELL MCCART RIVIERA 40 A 64 TAMARIS BRIAN SPROULE CLASSIC 5930 REVE KEVIN WHELAN BENETEAU 45 F5 TAMMY II BRIAN & JILLIAN DE BOOS ISLAND GYPSY 44 E 16 ROB ROY MICHAEL YORK ETCHELL TAMPICO II JOHN M P BOOTH SLOOP 750 ROGER THAT DAVID INGRAM MELGES 24 626 TANAMI MANDELBERG/PRONT/ROSE COLE 40 8 RONI RIGGING & RACING YOUTH SAILING ACADEMY ELLIOTT 7 97 TANIELLE BILL KOPPE HOEK 24 7 ROSENN BOB FISHER SOLENT OD CRU TANTIVY GRAHAM SWAN MOTOR CRUISER ROSIE STEPHEN THOMAS ROSE ISLAND LOBSTER BOAT 1247 TASHTEGO CAMPBELL MINTER HALVORSEN 41 3 RS STEADFAST YOUTH SAILING ACADEMY ELLIOTT 7 638 TAWARRI II CHRIS IACONO CARBINEER 6186 S.Y LA TORTUGITA BRIAN JAMES FARR 9.2 77115 TEAMM8 WARWICK EVANS BENETEAU 38 6206 SABBATICAL JEFFREY BURGESS CAVALIER 32 CRU THE "A" TRAIN ROSS MACDONALD MOTOR LAUNCH FT 74 SABRE STUART BIRDSALL FLYING TIGER AUS 150 THE BUSINESS VAUGHAN STIBBARD MELGES 32 KA 71 SACRE BLEU BEN WELSH SOLING 7027 THE GOAT MITCHELL GORDON, DANIEL HAWKINS ANTHONY CLIFT SYDNEY 38 800 SAGA GARY APPLEBY NANTUCKET 33 6677 THE HOLY GALE JASON KLAAS BENETEAU 27.7 4000 SAGACIOUS V DAVID HUNDT FARR 40 R 945 THE LUGE JOHN ACKLAND SWARBRICK JS8000 7709 SAIL EXCHANGE CARL CRAFOORD COOKSON 12 29 THE RED HAND GRAHAM O'NEILL HARBOUR RACER KA 113 SAILPAC TERRY WISE PACIFIC SAILING SCHOOL J24 807 THE SAINTS BRUCE HILLIARD MUTINY 28 AUS 949 SAINTS II BRUCE HILLIARD MARIN ROSANDIC ETCHELL R 650 THE STIGS AUDI DRIVING COUSIN DAVID ELLIS SHAW 650 3724 SALONA PHILLIP KING SALONA 37 M 300 THE SWEENEY SHAUN PARKER FARR 11.5 5826 SALT SHAKER PETER FRANKI SYDNEY 36 3790 TICKALARA DAVID LIVERMORE PHANTOM 32 SALTY LADY ANDREW MORSE CAVALIER 37 AUS 90 TIGA HANK BEYER FLYING TIGER 2114 SAMIEL MIKE CASSIDY HOLEMAN & PYE AUS 92 TIGGER ROBERT BREIT FLYING TIGER SAMMIE GARRIE TOLLIS COMPASS 29 4045 TIME OUT PETER BLAIR NORTHSHORE 38 SANA DAVID MATHLIN ONE OFF 9 TOGA YOUTH SAILING ACADEMY ELLIOTT 7 SANDPIPER RALPH O'GRADY CAVALIER 32 MH 109 TOUCH OF GOLD KELVIN MOWTELL SLOOP 7134 SANITY DAVID KELLY JIM LEY JEANNEAU 349 TRADITION PETER BUSH HANS CHRISTIAN 41 6226 SANTE' ROB & SUE SEGEART BENETEAU SENSE 46 AUS 1275 TREKKA MIKE THACKRAY CAMERON BARTON ETCHELL SAROCA MICHAEL BLUMER 58' STEEL KETCH 6223 TRIM SHAARON WALSH NORTHSHORE 369 SAVANNAH GIRL RUSSELL BATES SWAN 46 AUS 191 TRINITY ROSS ADAMS J24 2663 SCANDAL IAN MANLEY HOLLAND 30 6377 TRITON MICHAEL CRANITCH DAVID GOTZE LYONS / CAWSE 60 KA 400 SCARLETT O'HARA ROBERT SKOL-WIGGINS 30 SQUARE METRE R 317 TROUBADOR JOHN FRASER BENETEAU FIRST 31.7 5879 SEA CHANGE VICKI HARTLEY SYDNEY 36 6387 TRU BLU CHARLES GRACE IOR HALF TON 268 SEA CHANGE MARCO FORSTNER BAVARIA 31 6481 TWO SHEA NICHOLAS JONES LIGHTWAVE 38 CRU SEA MIST DAVID SHMITH MOTOR CRUISER 1014 UBS WILD THING GEOFF & PIP LAVIS INGLIS/MURRAY 50 S 25 SEA WAY MICHAEL SPIES SEAWAY 25 7600 UTOPIA JOHN AMOS SYDNEY 38 KA 42 SECOND WIND MARK HOLLINGSWORTH CONVERTED ETCHELLS AUS O47 VAMOS DOS TIM RYAN SOLARIS 47 8300 SECRET MEN’S BUSINESS DAVID DE COSTER MBD 42 43218 VAMP DAVID FULLER CORBY 49 IVB 1997 SECRET MENS BUSINESS GEOFF BOETTCHER TP 52 VAPORETTO JUDY LEE KINGSTON 850 2560 SECRETS IAN BRADDOCK COMPASS 28 4688 VASCO DE GRANGA MICHAEL GRANGER YOUNG 88 AUS 46000 SENTA JOHN COLE SWAN 46 00400 VENTO WALTER LEWIN FARR 400 7073 SERENDIPITY PETER MAY NORTHSHORE 31 1893 VENTURA BRENDAN HUNT TRADITIONAL SLOOP 6 SHARP YOUTH SAILING ACADEMY ELLIOTT 7 5 VIBE HOTELS YOUTH SAILING ACADEMY ELLIOTT 7 9477 SHERE KHAN RICHARD WYATT BENETEAU KA 37 VICTORY BAR BRUCE ROWLEY SOLING FT 77 SHERE KHAN ROD GIBBS FLYING TIGER 7621 VIKING VIKING SYNDICATE BRETT HART X 382 209 SHONA BILL FERRIS JOSEPH SKRZYNSKI SLOOP 6813 VIRAGO II JAMES SMEALLIE FARR ONE OFF 1715 SHOPKEEPER GARRIE TOLLIS BUIZEN 48 USA 40 VITESSE JOHN RAWSON ESSE 850 5950 SHORETHING JAMES BUTLER NORTH SHORE 38 129 VIVA KEN HUDSON YOUNG 13.1 52002 SHORTWAVE CHRISTINE SHORT TP 52 AUS 853 VOLPE PAUL WILLIAMS ETCHELL AUS 325 SILKY ANTHONY HIRST E22 2754 WAH MOON BILL WYLIE MOTTLE 33 AUS 9 SILVER CLOUD III HOWARD PIGGOTT BENETEAU FIRST 50 1 WALKER CORPORATION YOUTH SAILING ACADEMY ELLIOTT 7 331 SILVER MINX GEOFF & VICKI PLAYER BENETEAU SENSE 50 KA 17 WALLOP GARY AITCHISON PHIL KIELY STEPHEN WALL MODIFIED ETCHELL CRU SILVER MIST STAN RODGERS TSMV 5725 WATERSHED DAVID EASTWOOD CHRIS DUVALL ENDEAVOUR 26 SL SILVERFOX KEVIN HEARD SLY 43 6465 WAVE DANCER ROB MCCONCHIE RADFORD 10.6 SIMPLICITY ANTHONY COLFELT ENDEAVOUR 28 7407 WAVE SWEEPER MORGAN ROGERS JULIAN BOWKER BENETEAU 40.7 5436 SINE WAVE GREGORY MASON DAVIDSON CUSTOM 37 248 WAX LYRICAL LES GOODRIDGE X 50 9990 SINTARA GORDON ANDERSON BENETEAU 42S7 CYC 7 WAYFARER PETER SMITH ALDEN KETCH 66666 SIX PACK SCOTT RYRIE 6 METRE AUS 196 WETTY GRIPPER STUART/ADAM/FRANK MUIRHEAD/FRANCIS/VOLCKMAR J24 208 SKEAN DHU TED ROBERTS CLANSMAN DAUS 198 WHIM GORDON INGATE DRAGON 9997 SKEETER SANDOR TORNAI FARR 30 AUS 170 WHISPER ANDREW MCCRORY J24 NY 40 SKYE ROB GROVES NORDIC 40 116 WHISTLING KITE KYM EVANS SEAQUEST RP36 KA 124 SLACK ALICE KEITH SHEPPARD J24 SM 1245 WHITE NOISE DANIEL EDWARDS M.A.T. 1245 6952 SMUGGLER SEBASTIAN BOHM JV TP52 AUS 100 WHO KNOWS DOUGLAS FOSTER J24 5892 SOBRAON ROBIN & KAY HYETT BENETEAU 5621 WILD BLUE YONDER TERRY RHODES NOELEX 30 5291 SOGU DAVID JORDAN SOUTHERN 30 87 WILD CHILD RICHARD & LISA TREWEEKE PHANTOM 32 6497 SOINDIKA TIM ATKINS BENETEAU 40.7 5494 WILD EAGLE PAUL MULHERIN ADAMS 40 RQ 1123 SOLAHART-RUM JUNGLE LOST BOYS SYNDICATE SWARBRICK 12.3 AUS 7001 WILD OATS X THE OATLEY FAMILY REICHEL PUGH 66 USA 50066 SOLARUS NOEL STERRETT J130 AUS 10001 WILD OATS XI THE OATLEY FAMILY REICHEL PUGH 100 7096 SOLUTION PEPPERNELL / LEE / CONWAY JEANNEAU SO349 6492 WILD ONE LARKI MISSIRIS SYDNEY 38OD CYC 54 SOLVEIG ANNIE LAWRENCE JOHN WHITFIELD HALVORSEN 36 SLOOP 4343 WILD ROSE BRETT EAGLE/GORDON SMITH MICHAEL WARD/MARK CAHUGU/ SANDY PITTMAN IMS/IRC RACER 38038 SOLVEIG II DAVID MCLEAN X-YACHTS XP-38 1411 WILD SPIRIT KEVIN HORNE JEANNEAU. 51 700 SOMMERBREEZE HANS SOMMER CAVALIER 350SL M 118 WILD SPIRIT KEVIN HORNE ELLIOTT 9.6CR AUS 92 SOPHIA PHILLIP MELLOR FLYING TIGER SYD 111 WILDE RUSH ARTHUR LANE BOB SOUTHERTON BENETEAU OCEANIS 51.1 6801 SORTIE NEIL WILLIAMS BAVARIA 46 8484 WINDFLYT DOUG STURROCK TOWNSON 36 5273 SOUNDTRACK JOHN AMOS J35 6188 WINE DARK SEA PETER LOWNDES MKL 49 1770 SOUTHERN STAR JOHN ANTHONY CALVERT-JONES FARR 40 OD 07 WINGS IAN EDWARDS DEHLER 46 AUS 201 SPACE INVADER RICHARD CUNNINGHAM MELGES20 263 WISTARIE BILL RATCLIFF MOODY 2578 SPARKLE STEPHEN PRINCE CUSTOM HERISOFF 26 WOOLLOOMOOLOO LOUISA GEDDES E22 8347 SPEEDWELL COLIN GEEVES BENETEAU 34.7 6953 WOT EVA DAVID PESCUD TP 52 AUS 21 SPIRIT GRAEME WILSON IACC CRU WYLLAWAY JOHN HARRIS PILOT HOUSE MOTOR CRUISER 819 SPIRIT OF BISCAY NIGEL MCCARTHY VAN DER STADT 34 XANADU JAMES MILLS BENETEAU 39S3 4869 SPIRIT OF DEFIANCE JENS RASMUSSEN DEFIANCE 30 5805 XANTHIPPE BERNARD O'SULLIVAN ADAMS 48 SPIRITBIRD PHILLIPE MENGUEL MUMM 30 AUS 868 YANDOO XX NEVILLE WITTEY ETCHELL 7190 SQUARRK JAMES LUXTON FAREAST 28R 789 YARRAWIN LANG WALKER CLASSIC 60 6686 ST JUDE NOEL CORNISH SYDNEY 47 A 5 YEAH BABY MARC & LOUIS RYCKMANS WELBOURN 50 6504 STAR OF ANTLIA SID FRENCH HUNTER 340 YENDYS ROBERT DOEL ADAMS 8 760 STARBUCK HUGH DOWLING COLE 40 6014 YEOMANS PHIL GOYMOUR BENETEAU FIRST 31.7 AUS 203 STARPAC TERRY WISE PACIFIC SAILING SCHOOL J24 840 YOUNGSTAR GARRY CORSTORPHAN YOUNG 840 5132 STARSTRUCK DAVEAU KEN DAVIS JEANNEAU ONE DESIGN 5936 YPUTAKITEUP ROBYN DREW SYDNEY 36 508 STORMY PETREL KEVIN O'SHEA SPARKMAN STEPHENS 37 1097 YUM SING PAUL HUNTER PRINCE CRU STREETER STEPHEN SMART PEARL LUGGER 1612 ZARA JOHN GRIFFIN CRU STRUTH JAIME MCINTYRE GREEN 42 HKG 1943 ZEPHYR JEREMY MEAD FARR 41 MX 53444 SUMATRA BASIL, SHANE AND TRISTAN DIETHELM SWAN 48 A 60 MALVEENA GABE KEMENY MALVEENA CLASS OCEAN RACER 8585 SUMMERCLOUD II RICHARD MOORE MOTTLE 5531 ZIG ZAG II GRAHAM THOMPSON J 35 6326 SUNSHINE JOHN KIRBY JEANNEAU SUN ODYSSEY 45.2 6311 ZIPPIER ANDREW WAUGH THOMPSON 8 SUNSHINE MCKENZIE OLIVER KETCH 8975 ZORA PHILLIP KING SALONA 45

66 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 67 The CYCA would like to thank its sponsors and partners for supporting across 2019-2020.

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