ADELAIDE ROWING CLUB INC .
(Founded in 1882 as I'Zingari Rowing Club)
T H 135 ANNUAL REPORT
Season 2017 / 2018
O FFICE BEARERS
Ex Officio Patron...... The Right Honourable Lord Mayor of Adelaide Mr Martin Haese
Senior Vice Patron…. Don Sarah Vice Patrons…………. Phil Mangelsdorf, Grant Duncan, Patrick Hill, Geoff Hill, Dick Turnbull, Jock Jamieson, Brain Sawley, David Hislop, Jim Eglinton, Brian Dalton, Tas Binder, Edward Suttell, Tony Matthews, John Osborne, John Jarvis, Tony Roberts, Neil Sarah President...... Chris Greening Vice Presidents...... John Absolon, Joanne Howski, Rob Greening, Tim Dunstone, Trent Collins, Daryl Bosch, Tim Hennessey, Tom Guthrie, Patrick Winter, Danny Barrera, Stuart Masson, David Cropley, Mitch Oliver, Adam Salleh Honorary Solicitor….. Ted Guthrie Honorary Auditor.….. Patrick Winter Honorary Architect…. Chris Greening Public Officer………… Mitch Oliver
Committee Captain...... Jessica McRae Vice Captain...... Tim Santin Bryn Coudraye Secretary………...... Erica Webb Treasurer...... Vicki Brown Bar Manager...... Portia Capoccia (ex officio) General Members...... Donna Webb Andrew Cropley Tyson Beachamp Tom Shelton Trent Collins Amy Hobbs Daren Potts
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PRESIDENT 'S REPOR T
I am happy to report that the season 2017/18 was a sensational one for the Adelaide Rowing Club both on and off the water.
Your Club’s Committee worked hard all year, running functions, hosting regattas, and also worked hard in competing in and winning races at regattas inside and outside of South Australia. A special mention goes to Portia and Angela Capoccia for their tireless efforts in and behind the bar.
We again ran and organised the Henley on Torrens regatta, focussing on the opportunity to raise much needed funds for boat acquisitions. This important regular event shines a light on the activation that rowing as a sport brings to the City of Adelaide. The environment of the Torrens continues to require ongoing conversations and engagement in riverbank politics, in order to continue the club’s long held position as activator and custodian.
Outside of the Club’s Committee the work of the I’Zingari foundation continues. Earnings from the invested capital will one day help to provide ongoing acquisitions. I thank those current and founding members for their work in this regard including current Chair Ted Guthrie and would recommend that all current and resting members invest in foundation membership.
On the water the Club continued its previous year’s strong showing with dominant performances in the First and Second Grade State Championships, winning both eight races for the fourth time running. We were well represented in the Nationals Regatta again finishing as SA’s highest ranking club. Alex Hill, Olympia Aldersey, Molly Goodman and Jack Kelly were chosen to represent the senior Australian Rowing Team in the international season. In addition to winning gold in the fours at world cups 2 and 3; Molly and Alex went on to Stroke the Australian Eights at Henley Royal Regatta to win the Remenham and Grand Challenge Cups respectively. The latter setting a new course record of 5:53. Unprecedented.
Ella Bramwell has been selected to represent Australia in the U21 Trans- Tasman Team. Verayna Zilm and Kane Grant have been selected to represent Australia in the U23 World Championships in Poznan Poland. Plenty of Green and Gold at the Club at the moment.
Our Club’s professionalism and standards continue to improve with our on water management excelling this year under the leadership of Captain Jessica McRae. Jessica has brought high levels of organisational and professional management to the role, to complement our coaching team of
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Ron Mobbs, Daren Potts, Daniel Ralph, Catherine McDougall, Jarrad Schar, Tom Fraser and Donna Webb.
Into the future, the Committee and I will be bringing a renewed vigour to the realm of fundraising. With the club’s day to day finances in reasonable order, we now turn our focus to fleet turnover and clubhouse upgrades – if you hear the call; put up your hand! In recent times, prior to EOFY 2017/18 we raised over $4,000 in a week!
Chris Greening President
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C APTA IN ’S RE POR T
As Adelaide finally begins to shake off its “large country town” persona, our little historic clubhouse has been gaining some mighty neighbours over the last few years with multi-million (and billion) dollar redevelopments at the Adelaide Oval, the Adelaide Convention Centre, the New Royal Adelaide Hospital, SAHMRI, and most recently, the Festival Centre. As we have always known, ARC sits with the best views in Adelaide, and it is becoming increasingly important for the Club to be able to assert its position not only as a competitive club but also as a significant contributor to the Riverbank Precinct and the rowing community. Along with a successful season on the water which shows our strength and depth in the sport, the Club has also been developing programs which ensure we are contributing to the wider community and demonstrating the value which we provide to the development of the sport.
As outlined in the President’s Report, we have had unprecedented success this season locally, interstate, and overseas. You will be able to see full results elsewhere in this report but I will touch on a few of the overall figures. Over the First Grade State Championships weekend, the club took home 19 wins and collected the Men’s and Women’s Premierships along the way. Notably, we were the only club to field a crew in every open heavy weight event. Over in Penrith, at the Interstate Regatta, we had 14 ARC athletes representing South Australia, as well as 3 coaches (and another 2 who have joined us for the winter season), and 3 men in the Masters State Team who competed in Barrington, Tasmania. Then of course, we currently have four ARC athletes based at the National Training Centres and competing to great success in the Senior Australian Team (Alexander Hill, Olympia Aldersey, Molly Goodman, and Jack Kelly) and another 3 new additions to the underage teams (Verayna Zilm, Kane Grant, and Ella Bramwell).
Whilst we quite rightly celebrate in the success of our top end athletes, there is increased national focus on “grass roots” programs and we as a Club are also constantly striving to improve our development programs. After a couple of seasons of ARC running a low key School Winter Rowing Program, this season it took off with over 80 rowers participating in the program ranging from year 8s through to year 12s. This program is aimed at school age students and school leavers, to provide an opportunity to row at the club through the winter months when most schools are off the water, and to give clear pathways for students to continue their rowing career after school. Over the coming seasons it is expected many of these athletes will continue
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on their rowing pathways through the Club, going on the represent South Australia and potentially Australia. Alongside of our Learn-To-Row program, these initiatives allow us to capture a wide demographic of athletes to ensure that we are increasing participation at all levels of the sport.
We are undoubtedly going through a period of great success as a club. One of my side projects this season was looking at how we can use our strong position to increase participation of other clubs at regattas. Too often this season we had to scratch races as we were the only entry. Supporting clubs around us to train and compete can only benefit us by providing more opportunities to race, preparing us for tougher competition interstate, and makes for much better spectator sport! This season you may have seen ARC athletes filling crews with Renmark, Port Pirie, and Murray Bridge, enabling these smaller country clubs to field crew boats making the journey to a regatta more worthwhile.
Alongside of this, we endeavour to ensure that there is always a representation of ARC at regattas and events. This season you might have spotted our iconic black, red, and gold hoops competing outside of the city at Murray Bridge, Mannum, Renmark, Port Adelaide, Head of the Yarra, NSW State Championships, and the Australian National Championships and Interstate Regatta in Penrith. This can be our full squad out in force as we saw at the Renmark regatta or any selection of our seniors, juniors, masters, or social rowers. Each of our squads has shown great development over the past season. The success of our senior squad is shown in our results. Our Masters Men have increased in numbers and are certainly the most regular attendees at regattas which is reflected in their admirable second spot in the Masters Men Premiership, given their relatively young age. Finally, our social rowers (gained primarily through our Learn-To-Row program and often parents of school age rowers) have developed from rowers who are happy to not fall in during training, to athletes training and racing regularly at regattas.
The most unexpected (but certainly enjoyed) aspect of coming in as Captain, has been the number and variety of enquiries the club receives. On a monthly basis we have rowers from interstate and overseas requesting to come out for a guest paddle (which we are more than happy to accommodate where we can). We have acquired a selection of items, which were donated back to the club including a trophy from 1893 Spring SARA Regatta and a scrap book of rowing memorabilia from the 1920s. But my personal favourite by far was a request from Ian Moncrieff, a member of the Club in the 50s who is now aged in his 90s. Ian had built a timber Derwent Skiff that he launched in front of the club with friends and family in attendance
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followed by drinks upstairs at the bar. I found this to be a great example that long after our racing days are done, our Club remains a place that can always be returned to; in 6 months, 6 years, or 60 years. It provides an environment to strive towards success on the water, and a home for wandering souls.
Just as a race is a product of many strokes, our Club’s success is the product of many consistent, behind the scenes actions, by our numerous volunteers and coaches. I have much gratitude for the assistance and advice that has been provided to me in my first season as Captain. As we forge ahead into exciting new times in Adelaide, I encourage all members, past or present, to look for ways in which they can continue to contribute to the Club and the rowing community; jump back in a boat, come down and cheer on at a regatta, attend fundraising events, become a boat race official, or simply come and join us on a Thursday night for a beer and a burger on the balcony. Regardless of the time between rows or drinks, there always remains a place at the club for those who seek it and an important role which you can play. Just ask Mr Moncrieff!
To everyone who has contributed to the season been, thank you, well done, and let’s crack on to 2018/2019!
Jessica K. McRae Captain
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SECRETARY ’S RE PORT
With the closing of my first season as secretary, I can say it has been a busy but rewarding time. As the first line for membership enquiries and renewals, Rowing SA registrations and club history enquiries, I have had the chance to get to know the whole spectrum of the club’s community and learn more about our club’s rich history along the way.
Aside from the general duties that come with being the secretary of any club, the secretary’s role on the ARC Committee is also to manage our membership. This is a large job, with constant maintenance required to keep records updated, chase membership forms and payments throughout the year. I have suggested to the Committee that an unofficial position of membership officer be selected from the general members of the committee to assist the secretary in this duty.
There was a mad rush at the start of the season to get out membership renewal notices by personalised emails, which were well received and allowed us to update our contacts from the very start of the season. This method was adopted from the process established by my predecessor Amy Hobbs, and allowed us to accurately invoice members to cater to their membership class and racing needs.
Through the hard work of our previous and current Captains and coaches, our retention rate and recruitment of rowers this season lead to growth in our membership numbers from those previous. This season also saw four of our athletes at the Australian National Training Centres and a further nine athletes rowing under the South Australian Sports Institute during the season.
The membership breakdown for this year is outlined below.
Membership Category Number of Members Active 80 Semi-Active 8 Non-Active 6 Social 1 Life Members (Honorary & Paid) 26 Other 98 Total 219
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Of the 80 active rowers this season, over 50 were in contention for the C.A.M West Shield, winning premiership points for their club. A full list can be found later in this report.
These strong numbers were supplemented by the Learn-To-Row program run by Donna Webb, which had a total of 20 participants this season, with four going on to do the intermediate course.
The prospects for next season and beyond are looking bright, with our winter rowing program bringing in 85 rowers at the time of this report, with more having expressed interest in taking part. This is due to the outstanding efforts of Jessica McRae, Jarrad Schar, Daniel Ralph and our fabulous long-standing coaches Ron Mobbs and Daren Potts.
Erica Webb Secretary
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C LUBROOM RE P OR T
It has been a good year for functions and events, with the financial statements showing the net contribution from the bar and function activities of $67,336.
During the year, Thursday nights included the service of burgers and drink deals for members. The social rowers have been great supporters, regularly staying for dinner after training, also introducing more patrons to meet them there for a meal.
The Annual Dinner was well attended, with catering by Cuisine by Angela and room dressings provided by Intimate Events.
We had a very successful Fringe season this year, hosting 6 sell out shows and next year has already had a lot of interest. A different structure was introduced in 2017/18 incorporating staff costs into the venue pricing and simplifying the quotation process.
A new wine list from Samuel Smith & Sons was introduced, thanks to member Alex Worthington, and drink prices (to the public) were increased by $1.
The club was again open for Crow’s home games in the winter months, with a handful of loyal supporters helping out by decorating and promoting Game Day. We continue to offer bar snacks and BBQ to entice the crowds. The Festival Theatre development is still on-going, so we’re happy with the turnout and still believe it will increase when things return to normal.
This year we opened again on Australia Day, offering a family environment for members to come and enjoy a drink and a meal and be close to festivities.
We look forward to a continued relationship with ARC into 2018-2019.
Portia & Angela Capoccia Clubroom Managers
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F INANCIAL RE P OR T C OMMITTEE S TATEMENT
In the opinion of the Committee Members of Adelaide Rowing Club Inc. the accompanying financial statements show an accurate financial position of the Adelaide Rowing Club as at 30 June 2018.
At the date of this statement, there are reasonable grounds to believe that the Adelaide Rowing Club will be able to pay its debts when they fall due.
TREASURER RE P OR T
Monthly Financial Statements including a Balance Sheet and Profit and Loss Statement have continued to be provided to the Committee during the year to assist the Committee with managing the financial affairs of the Club. The financial position of the Club has made a further improvement from the previous year with a current year loss recorded of $3,332 ($8,400 loss in 2016/17). Operating Profit for 2017/18 before depreciation was $26,699 ($19,932 in 2016/17). Membership Revenue for 2017/18 was $54,115, an increase of 35% from the previous year, although a number of Members have outstanding balances that currently represent 24% of Accounts Receivable greater than three months old. The provision for doubtful debts has been maintained at $2,500 and, at this time, it is considered that all outstanding Membership Fees will be recovered. Revenue from the Torrens Clubhouse Function Activities was $142,709, an increase of $42,554 from the previous year (a 42% increase), with a net profit contribution of $68,385, a 55% improvement from 2016/17. The Cash position of the Club at 30 June 2018 was $108,110 with the Club showing a slight decrease of 1.6% in Total Equity from the previous year due to the small loss made in 2017/18. In late May 2018, two grants were received from Renewal SA to assist with the upgrade of the Torrens Precinct. One grant for $5,000 is for a ‘City Makers Placemaking’ project, with an additional $3,000 earmarked for Building Compliance work. During June 2018, the President finalised arrangements with the Australian Sports Foundation to facilitate tax deductible donations to be made to assist with upgrading the club’s rowing fleet on an ongoing basis.
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As at 30 June 2018, $4,379 has been received into the Fleet and Equipment Rejuvenation Fund. Monies from the Renewal SA grants and the Fleet and Equipment Rejuvenation Fund have not been recognised as revenue for 2017/18, and have been separately identified within the Balance Sheet for use in future years. It is expected that during early 2018/19, the president will sign an agreement with the Murray Bridge Rowing Club to prepay a 10 year lease for half of a bay in the soon to be constructed Murray Bridge Rowing Hub, at a value of $33,460 (ex GST).
Vicki Brown Treasurer
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PROFIT & LOSS STATEMENT FOR THE YEAR ENDED 3 0 J UNE 2 0 1 8 The Profit and Loss should be read in conjunction with the accompanying notes. Notes 2018 2017 $ $ Operating Income Membership Subscriptions 54,115 40,205 Learn to Row Courses 4,920 11,100 Fundraising, Donations & Sponsorship 2 6,661 6,749 Regatta Operations Revenue 29,787 25,330 Torrens Club Revenue 3 134,804 93,812 Club Hospitality Events Revenue 3 7,905 6,343 Merchandise Revenue 1,273 73 Interest Received 565 492 Sundry Revenue 4 5,514 2,991 Total Operating Income 245,544 187,095
Less Cost of Sales Membership Subscriptions Winter/School Costs 4,625 2,170 Regatta Operations Costs 35,963 23,148 Torrens Club Costs 3 67,469 50,773 Hospitality Events Costs 3 6,855 5,185 Merchandise Costs - 303 Total Cost of Sales 114,912 81,579
Gross Profit 130,632 105,516
Operating Expenses Administration 15,864 12,566 Coaching Expenses 16,986 15,478 Torrens Boat House Expenses 31,198 25,011 West Lakes Boat House Expenses 15,586 15,049 Insurance 10,894 12,868 Trailer / Motor Vehicles Expenses 1,690 830 Sponsorship, Athlete Support & Fundraising Expenses 364 Boat Fleet Maintenance and Damage 5 10,715 2,504 Bad Debt Expense - - Total Operating Expenses 130,297 85,584
Operating Profit Before Depreciation and Amortisation 27,699 19,932 Less Depreciation and Amortisation Expense 31,031 31,332 Total Operating Profit / (Loss) (3,332) (11,400)
Non-Operating Income Other Revenue - 3,000 Total Non-Operating Income - 3,000
Net Profit / (Loss) After Non-Operating Income / Expenses (3,332) (8,400)
Member Funds from Previous Years 252,748 261,148 Less adjustment from prior year 6 (779) Total Member Funds 248,637 252,748
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BALANCE SHEET AS AT 3 0 J UNE 2 0 1 8
The Balance Sheet should be read in conjunction with the accompanying notes. Notes 2018 2017
Assets
Current Assets Cash 108,110 94,039 Receivables 7 23,888 19,517 Inventories 8 15,214 14,123 Total Current Assets 147,212 127,678
Non-Current Assets Property Plant and Equipment 9 136,365 148,547 Total Non-Current Assets 136,365 148,547
Total Assets 283,577 276,224
Liabilities
Current Liabilities Accounts Payable 5,547 3,189 Accruals 10 1,664 287 Renewal SA Grants Received 11 8,000 - Fleet & Equipment Rejuvenation Fund 12 4,379 - Revenue Received in Advance 13 5,350 10,000 Total Current Liabilities 24,940 13,477
Non-current Liabilities I'zingari Foundation 10,000 10,000 Total Non-current Liabilities 10,000 10,000
Total Liabilities 34,940 23,477
Net Assets 248,637 252,748
Equity Member Funds from Prior Year 252,748 261,148 Current Year Profit / (Loss) (3,332) (8,400) Prior Year Adjustment 6 (779) - Total Equity 248,637 252,748
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N OTES TO AND F ORMING P ART OF THE F INANCIAL S TATEMENTS FOR THE YEAR ENDING 3 0 J UNE 2 0 1 8
1. Summary of Significant Accounting Policies This special purpose financial report has been prepared for distribution to the members to fulfil the Committee's financial reporting requirements under the Club rules. The accounting policies used in the preparation of this report, as described below, are consistent with the financial reporting requirements of the club rules and are, in the opinion of the Committee appropriate to meet the needs of members:
(a) The financial report has been prepared on an accrual accounting basis including the historical cost convention and the going concern assumption.
(b) The financial statements are GST exclusive.
(c) The requirements of Accounting Standards and other professional reporting requirements do not have mandatory applicability to Adelaide Rowing Club Incorporated because it is not a "reporting entity".
Cash Cash includes cash on hand and cash deposits held in the Bendigo Bank.
Inventories Inventories are valued at cost price excluding GST.
Property, Plant and Equipment Boat House and Club House Improvements and all Equipment is carried at cost, less where applicable, any accumulated depreciation.
Depreciation Depreciation is provided on a straight line basis on all Property, Plant and Equipment.
Major depreciation periods are: Boats and Oars 10 years Sundry Rowing Equipment 5 years Motor Vehicles 6¼ years Leasehold improvements 20 years
Auditor's Remuneration There has been no remuneration paid for the audit.
Tax Status The activities of Adelaide Rowing Club Incorporated are exempt from taxation under sec. 23 (g) of the Income Tax Assessment Act.
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2. Donations & Sponsorship and Fundraisers Support from the Club’s community has continued including donations, auctions, BBQ’s and other fundraising activities.
Thank you to the following Members and friends of Adelaide Rowing Club for their financial donations: Neil Sarah Patrick Hill Alex Silz
3. Torrens Club Operating Profit Included in the Operating Profit is the following detailed items of Operating Revenue and Expenses.
2018 2017 $ $ Torrens Club Revenue Function Revenue 72,469 40,911 Bar Revenue 62,335 52,901 Total Torrens Club Revenue 134,804 93,812
Torrens Club Hospitality Events Revenue Annual Dinner Revenue 6, 876 6,343 Captain's Cocktail Party Revenue 1,029 - Total Torrens Club Hospitality Events Revenue 7,905 6,343
Less Cost of Sales Bar Inventory Costs 44,226 31,096 Bar Supplies Costs 1,430 1,261 Bar & Function Contract Services 21,813 18,416 Bar and Function Honorariums - - Total Less Cost of Sales 67,469 50,773
Torrens Club Hospitality Events Costs Annual Dinner Costs 5,982 5,185 Captain's Cocktail Party Costs 873 - Total Torrens Club Hospitality Events Costs 6,855 5,185
Torrens Club Operating Profit 68,385 44,197
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4. Sundry Revenue 2018 2017 $ $ Boat Rack Hire Revenue 2,896 2,736 Rowing Equipment Hire Revenue 1,409 182 Function Deposits Reclaimed 1,136 - Rowing Sheds Key Revenue 73 73 Total Sundry Revenue $5,514 $2,991
5. Boat Fleet Maintenance and Damage
During 2017/18, expenditure of $10,715 (net) was made to maintain the exisiting boat fleet. This included $4,410 to repair the accidental damage incurred to I’Zingari XXIII, of which $4,160 was recovered under the Marine Hull Insurance Policy (excess of $250 was applied).
6. Adjustment to Prior Year
An adjustment of $779 has been made to write off a Membership Invoice that was incorrectly raised in 2016/17.
7. Receivables 2018 2017 $ $ Accounts Receivable 25,582 12,688 Provision for Doubtful Debts (2,500) (2,500) Prepayments 805 9,328 Total Receivables 23,887 19,517
Accounts Receivables as at 30 June 2018 include: • current month invoices for functions, regatta fees and monies awaiting transfer from the Australian Sports Foundation of $8,077 (32%); and • outstanding Memberships fees older than 3 months of $6,047 (24%).
At this time, it is considered that all monies owing, including outstanding Membership fees, will be fully recovered.
The Prepayment of $805 is the deposit paid to secure accommodation for the 2019 Nationals.
8. Inventories 2018 2017 $ $ Inventory Bar 6,465 5,173 Inventory Merchandise 8,749 8,949 Total Inventories 15,214 14,122
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9. Property, Plant and Equipment 2018 2017 $ $ Rowing Equipment at Cost 572,038 554,451 Less Accumulated Depreciation (482,135) (460,006) 89,903 94,445
Sundry Bar Assets at Cost 40,123 38,859 Less Accumulated Depreciation (33,073) (32,083) 7,050 6,776
Motor Vehicle and Trailer at Cost 15,620 15,620 Les s Accumulated Depreciation (14,995) (12,496) 625 3,124
Clubhouse Improvements at Cost 118,267 118,268 Les s Accumulated Depreciation (79,480) (74,067) 38,787 44,201
Total Property Plant and Equipment 136,365 148,547
10. Accruals 2018 2017 $ $ GST Payable 1,664 287 Total Accruals 1,664 287
11. Renewal SA Grant Funds Received In late May 2018, two grants were received from Renewal SA to assist with the upgrade of the Torrens Precinct. One grant for $5,000 is for a ‘City Makers Placemaking’ project, with an additionsl $3,000 earmarked for Building Compliance work.
12. Fleet & Equipment Rejuvenation Fund During June 2018, the President finalised arrangements with the Australian Sports Foundation to facilitate tax deductible donations to be made to assist with upgrading the club’s rowing fleet on an ongoing basis.
As at 30 June 2018, $4,379 has been received into the Fleet and Equipment Rejuvenation Fund, due to the generousity of the following Members and friends of the Adelaide Rowing Club: Brian Sawley Richard Turnbull George Ujvary David Eichler Adam Salleh Ruth King Robert and Dianne Greening Christopher Darby Graham Vasileff Dave Fielder
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13. Revenue Received in Advance These monies relate to a number of function deposits, where the functions are planned to be held during 2018/19, and include a $500 deposit from the Adelaide Crows Supporters Group.
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INDEPENDENT AUDIT REPORT TO THE MEMBERS OF THE ADELAIDE ROWING CLUB INC
SCOPE
I have audited the financial report of THE ADELAIDE ROWING CLUB INC for the year ended 30 June 2018. The Committee is responsible for the financial report. I have conducted an independent audit of the financial report in order to express an opinion on it to the members.
The audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance whether the financial report is free of material misstatement. The procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the financial report and the evaluation of significant accounting estimates. These procedures have been undertaken to form an opinion whether, in all material respects, the financial report is presented fairly in accordance with Accounting Standards and other mandatory professional reporting requirements in Australia so as to present a view, which is consistent with any understanding of the association’s financial position and performance as represented by the results of its operations.
The audit opinion expressed in this report has been formed on the above basis.
Audit Opinion
In my opinion, the financial report of THE ADELAIDE ROWING CLUB INC presents a true and fair view in accordance with applicable Accounting Standards and other mandatory professional reporting requirements in Australia, the financial position of THE ADELAIDE ROWING CLUB INC as at 30 June 2018, and the results of its operations for the year then ended.
PD Winter Honorary Auditor
Dated this 27th day of July 2018.
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I’Z INGARI F OUNDATION C HAI R MAN ’ S R E P O R T
CHAIRMAN’S REPORT 2018
At the end of last year, our longest-serving trustee, and Foundation secretary / treasurer, Rob Greening, resigned. The trustees thank Rob for his very substantial contribution to the Foundation over the years (made particularly significant by his role as secretary / treasurer).
Due to Rob Greening’s casual vacancy, we welcomed back to the Foundation a former trustee (and past Club President), Tony Roberts (who generously continued to host us for our regular meetings, even when not a trustee). Therefore, the trustees presently comprise me, Tom Guthrie, Chris Greening, Tim Hennessey, Tony Roberts and Jessica McRae. The immediate past Chairperson, David Hislop, also continues to have an active role in the Foundation, as does Rob Greening.
In terms of social activities, we held once again an annual Foundation Lunch in late 2017, hosted by Tony Roberts, for members of both the Foundation and the Club. Those in attendance enjoyed the occasion, having an opportunity to catch up with present and past Club members. We will continue to hold further lunches over the coming years and will keep members informed about these.
Over the past year, we have continued to meet regularly, at which meetings we discuss primarily the growth of the Foundation and management of the funds. We are pleased with the growth over the past year, in terms of both capital and new members.
There is still however some way to go before the Foundation will reach its goal of having a base level of capital to be in a position to distribute funds regularly to the Club. Once that goal is achieved, the Foundation will be able to fund expenses of the Club, such as new boats and capital works at the Clubhouse, at no cost to the Club or its members. Further, achieving that goal will enable the Foundation to assist with meeting any unexpected expenses or financial challenges that may arise.
A strong Foundation and substantial fund will provide a significant long-term benefit to the Club and its members, and ensure its long-term financial security and viability. We therefore encourage any Club members (past and present), who have received enjoyment from the Club and want to see its long-term future secured, to become members of the Foundation.
Ted Guthrie. Chairman
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I’Z INGARI F OUNDATION F INANCIAL R E P O R T
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I’Z INGARI F OUNDATION T RUSTEES ’ D ECLARATION
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I’Z INGARI F OUNDATION I NDEPENDENT A U D I T O R ’ S R E P O R T
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I’Z INGARI F OUNDATION L I ST O F M E M B ER S Platinum Adelaide Rowing Club (Benefactors included) ($50,000+)
Silver David Hislop ($10,000+) John Jarvis Tony Roberts Brian Sawley Don Sarah Neil Sarah
Bronze Grant Duncan ($5,000+) Henry Duncan Geoff Hage Tony Matthews Jim Moffatt (deceased) Nigel Winter (deceased) Patrick Winter
Member ($1,000+) John Absolon Patrick Hill Darryl Bosch Robert Hudson John Brook Dr Sam Humble (deceased) Neil (Sam) Collins Christina Jarvis Graham Cotton Margaret Jarvis (deceased) Robert Jarvis (deceased) David Cropley Tom Lunn Tim Dunstone Stuart Masson Peter Emery Mitch Oliver Stuart Glenn John Osborne Jamie Grant Gilbert Rutherford Chris Greening Meredyth Sarah Dianne Greening Michael Shearer Rob Greening Alex Silz Ted Guthrie Andrew Tidemann Tom Guthrie Richard Turnbull Tim Hennessy George Ujvary Geoff Hill Alex Worthington
Donor Geoff Burfield Andrew Jeffrey Michael Lohmeyer Margaret Rose
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PERPETUAL TROPHY WINNERS S EASON S EASON 2 0 1 7 / 1 8
Captain’s Trophy For the most improved first-year rower Oscar McGuinness
J.J. Sharp Memorial Cup For the most improved rower Tanja Klotz
F. Kenneth Milne Trophy For the most outstanding coxswain Alannah Gilsmore
Greening-Taylor Trophy For exemplary character & Club spirit Sophia Nery
Moffatt-Le Page Master’s Challenge Cup For the most winning Master’s rower Andrew Hannon Andrew Tidemann
Charles Amiel Trophy For the most winning Junior member Xavier Barnett
C.A.M. West Shield For most winning Club member Sophia Nery
Charles Morgan Trophy For most ability & general qualities Molly Goodman Alexander Hill
Percy Forwood Memorial Trophy For meritorious coaching service to Adelaide Rowing Club Daren Potts
I’Zingari Trophy For exemplary service to the Adelaide Rowing Club Andrew Hannon
R.W. Richardson Memorial Shield For outstanding service over a very long period Unawarded
Special Service Awards Ion Menadue David Eichler Robert Greening
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N ATIONAL TEAM SELECTIONS & RE S ULTS S EASON 2 0 1 7 / 1 8
Senior A Team (competed at 2017 World Championships in Saresota) Women’s Double Scull – Olympia Aldersey - BRONZE Women’s Coxless Four – Molly Goodman - GOLD Men’s Coxless Four – Alexander Hill - GOLD
(to compete at the 2018 World Championship in Plovdiv) Women’s Quadruple Scull – Olympia Aldersey Women’s Coxless Four – Molly Goodman Men’s Coxless Four – Alexander Hill
Senior B Team (competed at the 2017 World Championships in) Lightweight Women’s Double Scull – Verayna Zilm – 6th
(to compete at the 2018 World Championships in Poznan) Men’s Coxless Four – Kane Grant Lightweight Women’s Double Scull – Verayna Zilm
U21 Team (to compete at the 2018 Trans-Tasman Regatta) Ella Bramwell INTERSTATE REGATTA RE S ULTS S EASON 2 0 1 7 / 1 8
2018 Australian Interstate Regatta (Penrith, NSW)
GOLD Interstate Men’s Single Scull Alex ander Hill
SILVER Interstate Women’s Single Scull Olympia Aldersey
BRONZE Interstate Women’s Youth Eight Ella Bramwell, Alannah Gilsmore (Cox), Katie Luscombe (Reserve)
4th King’s Cup Men’s Eight Drew Clements, Kane Grant, Tim Santin, Alex Hill, Jack Kelly, Matt Stamatas (Reserve), Daren Potts (Coach)
4th Interstate Women’s Lightweight Sophia Nery, Verayna Zilm Quad
5th Queen’s Cup Women’s Eight Olympia Aldersey, Mieka Webb, Anna Collins, Katie Luscombe (Reserve), Ron Mobbs (Coach)
5th Interstate Men’s Youth Eight James Price, Oscar McGuiness, Bonnie Hall (Cox)
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2018 Australian Master’s Interstate Regatta (Lake Barrington, TAS)
BRONZE Interstate Men’s Masters D Rob Young, Brad Jackson, Coxed Eight George Jeffrey
N ATIONAL C HAMPIONSHIP RESULTS S EASON 2 0 1 7 / 1 8
2018 Australian Rowing Championships (Penrith, NSW)
GOLD Open Women’s Quadruple Scull Molly Goodman
GOLD Open Women’s Coxless Pair Molly Goodman
GOLD Open Women’s Double Scull Molly Goodman
GOLD Open Women’s Coxed Eight Molly Goodman
GOLD Open Men’s Single Scull Alexander Hill
GOLD Open Men’s Double Scull Alexander Hill
GOLD Open Lightweight Men’s Single Scull Jack Kelly
GOLD U23 Lightweight Women’s Verayna Zilm Quadruple Scull
SILVER Open Women’s Quadruple Scull Olympia Aldersey
SILVER Open Men’s Quadruple Scull Jack Kelly
SILVER Open Men’s Coxed Four Jack Korcz, Matthew Sta matas, Drew Clements
SILVER Open Lightweight Men’s Coxed Oscar McGuinness, Jack Kelly Eight SILVER U23 Men’s Coxless Pair Kane Grant
SILVER U23 Men’s Coxless Four Kane Grant
SILVER U23 Lightweight Women’s Single Verayna Zilm Scull
SILVER U23 Lightweight Women’s Double Verayna Zilm Scull
SILVER U19 Women’s Coxed Eight Laura Blazek
BRONZE U23 Men’s Coxless Four Tim Santin
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BRONZE U23 Men’s Coxed Eight Jac k Deans, Kane Grant, Matthew Stamatas, Tim Santin
BRONZE U23 Lightweight Women’s Sophia Nery Quadruple Scull
BRONZE U23 Lightweight Men’s Double Scull Oscar McGuinness
2018 Australian Master’s Rowing Championships (Lake Barrington, TAS)
BRONZE Men’s Masters D Coxed Eight Rob Young, Brad Jackson, George Jeffrey
ROWING SA C HAMPIONSHIP RE SULTS S EASON 2017/18
GOLD Open Men’s Coxless Eight James Price, Jack Deans, Jack Korcz, Matthew Stamatas, Kane Grant, Tim Santin, Drew Clements, Oscar McGuinness C: Alannah Gilsmore
GOLD Open Women’s Coxless Eight Mieka Webb, Ella Bramwell, Verayna Zilm, Anna Collins, Laura Blazek, Erica Webb, Christie Shanahan, Gill Crowe, C: Bonnie Hall
GOLD Open Men’s Coxless Four Jack Korcz, Matthew Stamatas, Kane Grant, Tim Santin
GOLD Open Women’s Coxless Four Erica Webb, Mieka Webb, Anna Collins, Gill Crowe
GOLD Open Women’s Double Scull Mieka Webb, Verayna Zilm
GOLD Open Men’s Coxless Pair Drew Clements, Kane Grant
GOLD Open Women’s Coxless Pair Erica Webb, Mieka Webb
GOLD Open Men’s Single Scull Kane Grant
GOLD Open Women’s Single Scull Verayna Zilm
GOLD Lightweight Women’s Quadruple Christie Shanahan, Alex Scull Carter, Sophia Nery, Verayna Zilm 31
GOLD Lightweight Women’s Double Sophia Nery, Verayna Zilm
GOLD Lightweight Women’s Single Alex Carter
GOLD U21 Lightweight Men’s Single Oscar McGuinness
GOLD U21 Women’s Coxed Four Katie Luscombe, Alys Bockman, Ella Bramwell, Sophia Nery, C: Bonnie Hall
GOLD U21 Men’s Double Scull James Price, Oscar McGuinness
GOLD U21 Men’s Single Scull James Price
GOLD U21 Women’s Single Scull Ella Bramwell
GOLD U19 Men’s Coxed Four Jed Gauci, Xavier Barnett, Fred Moss-Davis
GOLD U19 Men’s Coxless Pair Xavier Barnett, Fred Moss - Davis
ROWING SA PREMIERSHIP RES ULTS S EASON 2 0 1 7 / 1 8
Results from the Rowing SA Premierships in the 2017/18 season are listed below.
Premiership Club Placing Adelaide RC 1st Senior Men’s SPC 2nd AUBC 3rd Adelaide RC 1st Senior Women’s AUBC 2nd PARC 3rd Riverside RC 1st Master’s Men Adelaide RC 2nd Mannum RC 3rd PARC 1st Pheonix RC 2nd Master’s Women Torrens RC & 3rd Renmark RC
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C.A.M. WEST SHIELD POINT SCO R E S EASON 2 0 1 7 / 1 8
Sophia Nery 27 George Jeffrey 7 Mieka Webb 26 Jessica McRae 7 Verayna Zilm 25 Zoe Molloy 7 James Price 21 Andrew Tidemann 7 Xavier Barnett 20 Alex Carter 6 Anna Collins 20 Jack Deans 6 Gill Crowe 19 Andrew Hannon 6 Erica Webb 19 Sam Jordan 6 Alannah Gilsmore 17 Aldo Pretorius 6 Oscar McGuinness 17 Sidney Heitmann 5 Drew Clements 16 Malte Reitdorf 5 Kane Grant 16 Alexander Moore 4 Katie Luscombe 16 Marten Snel 4 Simon Lane 15 James Andrewartha 3 Ella Bramwell 14 Laura Blazek 3 Bonnie Hall 14 David Cropley 3 Sarah Davidson 13 Robert Greening 3 Jed Gauci 13 Georgia Molloy 3 Fred Moss -Davis 12 Bob Singh 3 Christie Shanahan 12 George Jaensch 2 Matthew Stamatas 10 Ion Menadue 2 Alys Bockman 9 Michael Sgandurra 2 Jack Korcz 9 Alex Cutts 1 George Nery 9 David Eichler 1 Tim Santin 9 Rob Young 1 Matt Hooper 8 Anthony Zito 1
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HONORARY LIFE ME MB E R S
Amiel Charlie * Binder Tas Blain W.H.G. * Burton W.L. * Clark R.D. * Coogan C.S. * Cudmore C.R. * Dean G.H. * Grayson A. J. * Grummet L.T. * Harry G.C. * Harvey Jim Hebblewhite Guy * Hill Patrick Humble Sam * Jamieson Jock Jarvis John Linnett D.N. * Matthews Tony Menz H.V. * Milne F.K. * Morphett H.C. * Nicholls Jack * Osman Russell * Peterswald F.D. * Poole F.H. * Potts Daren Richardson R.F. * Richardson R.W. * Roberts Tony Runge C.E. * Sarah Neil Sarah O.A. Don Silz Alex Sharp J.J. * Sparks H.Y. * Suttell Edward Walker C.A.D. *
(*deceased)
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LIST OF MEMBERS S EASON 2 0 1 7 / 1 8
J. Absolon A. Dorogi J. Jarvis T. Albertini J. Dunstan A. Jeffery O. Aldersey T. Dunstone G. Jeffrey S. Alkhazrajy T. Dykstra P. Jeffries D. Andary J. Eglinton T. Johnson J. Andrewartha D. Eichler S. Jordan N. Bache** P. Emery A. Kapitoulov M. Barenski E. Felder-Sheurd M. Karpowicz X. Barnett L. Fidge J. Kelly D. Barrera C. Field A. Kemp L. Baxter G. Foster H. Keough T. Beauchamp** J. Gauci R. Keynes T. Binder A. Gilsmore T. Klotz O. Birchby M. Goodman J. Korcz N. Blackman K. Grant M. Kotro L. Blazek** K. Gray P. Kuchta R. Bluntish R. Green S. Lane A. Bockman** C. Greening A. Le Quesne D. Bosch R. Greening B. Le Riche E. Bramwell T. Guthrie C. Leguay** Y. Briggs T. Guthrie R. Lethbridge M. Broadbent T. Ha M. Linton E. Brophy G. Hage T. Lokteff A. Buhavac S. Hagley M. Lum** N. Burr M. Haines K. Luscombe A. Carter B. Hall S. Macdonald F. Castrique** A. Hannon L. Malingre M. Catt J. Harvey P. Mangelsdorf K. Chapman N. Hebardt D. Marques E. Chappell C. Heeson S. Masson L. Clarke S. Heitmann T. Matthews D. Clements T. Hennessy N. McCormack W. Cockburn A. Hill E. McGill-Cooper J. CoCo G. Hill O. McGuinness A. Collins P. Hill H. McPharlin T. Collins C. Hillen J. McRae A. Commons S. Hinic I. Menadue L. Coppola D. Hislop R. Mobbs B. Coudraye A. Hobbs G. Molloy A. Cropley C. Hooper J. Molloy D. Cropley M. Hooper Z. Molloy G. Crowe C. Horsell** A. Moore A. Cutts M. Houghton M. Moore** B. Dalton H. Howell-meurs F. Moss-Davis F. Darby J. Howski R. Mukherjee S. Davidson J. Hutt E. Myatt A. Dawson B. Jackson G. Nery J. Deans G. Jaensch** S. Nery T. D'Herouville J. Jamieson K. Nicholson
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J. Nilsen A. Salleh E. Suttell C. Ogier W. Sam A. Tidemann T. Oldfield T. Santin A. Tucker** M. Oliver D. Sarah D. Turnbull D. Oliviero N. Sarah C. Ujvary J. Osborne L. Sargeant** G. Ujvary E. Page J. Saunders J. Vazquez L. Page B. Sawley Z. Vine-Hall** M. Piovesan J. Scarborough S. Walsh R. Porter** A. Seed** H. Waters** D. Potts Z. Seeley S. Waters A. Pretorius C. Sellars** D. Webb C. Price M. Sgandurra E. Webb J. Price C. Shanahan M. Webb A. Rajic T. Shelton T. Weir A. Rajic A. Silz T. White M. Reitdorf S. Silz G. Wiadrowski O. Richardson M. Simons C. Williams T. Roberts B. Singh P. Winter R. Rowlands M. Snel A. Wood G. Rutherford O. Stankovic R. Young S. Ryan M. Stomatas A. Zaccara M. Ryszawa S. Suhinin V. Zilm A. Sadler V. Suhinin A. Zito
(** indicates non-financial member)
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F LEET
Boat Class Make
I’Zingari XXIV 8+ Empacher I’Zingari XXIII 8+ Empacher I’Zingari XXII 8+ Johnston Racing I’Zingari XXI 8+ Sykes I’Zingari XVIII 8+ Sykes Adelaide VI 4-/4x - Empacher Adelaide V 4-/4x - Sykes Adelaide III 4-/4x - Sykes Hunter XIV 4x Johnston Racing Hunter XII 4+/4x Johnston Racing Hunter XI 4+/4x Johnston Racing Hunter IX 4+ Sykes Hunter VIII 4+/4x Sykes Franklin 2-/2x Sykes Tarlow 2-/2x Ausrowtec Darling IV 2-/2x Sykes Inman 2-/2x Sykes Onkaparinga II 2-/2x Sykes Gawler 2- Sykes Sturt 2x Sykes Cascade 2-/2x Sykes Mitchell 1x Ausrowtec Arckaringa II 1x Sykes Swan 1x Sykes Light 1x Sykes Brownhill 1x Sykes Fiddian 1X Johnston Racing Todd 1x Johnston Racing Avon 1x Johnston Racing Broughton 1x Howell Tamar VI 1x Howell
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