CLUB LIMITED

2017 ANNUAL REPORT 147TH ANNUAL REPORT AND FINANCIAL STATEMENTS 2016 – 2017

SYDNEY ROWING CLUB ANNUAL REPORT 2017

SYDNEY ROWING CLUB LIMITED

Office Bearers 2016 – 2017

Patron His Excellency General the Honourable David Hurley AC DSC (Ret’d) Governor of New South Wales

President Keith Jameson OAM

Vice Presidents Stephen Handley Michael Morgan OAM

Captain Paul Coates (Part year) Simon Nola (Part year)

Vice Captain Kendall Brodie

Finance DirectoR Scott Turner

Directors Kirsten Liljeqvist, David Sollom, Susanne Thiebe

General Manager Peter Grosvenor

Head Coach Donovan Cech

3 SYDNEY ROWING CLUB ANNUAL REPORT 2017

PRESIDENT’S MESSAGE GENERAL MANAGER’S REPORT We are enjoying a very pleasing I am pleased to report that the period of success and stability in our club has experienced another rowing program. Success is not successful year both on and off the achieved overnight. It is the outcome of many years of effort on the part of water. our competitors, coaches and I congratulate the coaches and administrators. I congratulate all athletes on their excellent efforts involved in the club’s program in this year which have produced recent years and their efforts leading some outstanding results. I to the successes that are set out in encourage you to read the this report. Captain’s report for the full details The club again received the award of Champion Club of , based on of this year’s successes. the results achieved at the National It has been a busy year for Championships. Our members were the Club with various projects prominent on the podium at all levels being completed. This included of competition over the course of the regatta. substantial funds invested into the ongoing repairs and maintenance The club was also successful in some key iconic events in the regatta to the boat shed including the replacement of the pontoon, an calendar, including the Champion Men’s Eights of NSW, the Riverview extension of our Lounge bar facility and the development of a new Gold Cup, the Champion Men’s Pair of Australia, and the Champion Men’s Sculls of Australia (last won for SRC by Ted Hale in 1982). Especially dining offer, The Smoking Goat. pleasing is the steady progress we are making with our women’s program, The Lounge bar extension opened in November 2016. The increased with strong performances at the NSW and National Championships. capacity has allowed us the ability to provide higher levels of service Sydney Rowing Club was again very well represented in Interstate and efficiency to our members resulting in five of the preceding six International competition. A key outcome this year was the win of the months achieving record trading and contributed to a record Lounge NSW in the King’s Cup, coached by our Head Coach Don Cech and bar trading result for the financial year. with four of our members in the crew. Our success was achieved during a period of change at the National level, The Smoking Goat restaurant opened in May 2016. While starting having instituted organisational changes, changes in strong and achieving record results over the Christmas period it personnel, and changes in its program. We were pleased that our leading unfortunately did not deliver the expected results. The performance members were successful in gaining entry to the new National Training highlighted the downward trend of formal dining being experienced Centres, in Canberra for men and in Penrith for women. It was very within the industry and the challenges of providing a specialised pleasing, too, that under the new rowing administration at RA, the NTC dining experience and an event location within such a large space. athletes were able to compete in club crews at the National Regatta, thus Work has now commenced on transforming this space to be included giving the regatta greater relevance and meaning to the clubs and their into a “whole of club” ultimate casual dining experience which is due athletes. This was a great decision that brought the rowing community for completion in September 2017. together. In the boatshed, we have continued our program of repairs and The club’s gaming facilities continued to perform at consistent levels. maintenance to the building, adding substantially to our rowing costs this Membership subscription levels were close to 14,000. Interestingly, season. industry research shows that the average memberships for similar We continue to review the club’s fleet and equipment and again this year sized clubs as ours within the Sydney region are attracting an average made necessary purchases to give our rowing members the best chance to of 5,000 members. We should take great confidence that SRC is be successful. continuing to provide a popular destination where membership is Financially, the club had a very satisfactory year, with pleasing patronage valued. of the club’s lounge bar and restaurants. We very much appreciate the support we receive from the local community. Looking further to the future, it is expected in the next financial Our long and successful collaboration with our caterers, Con and Kerrie year to see some strong progress on the masterplan as we firm up Dedes, continues to provide lasting benefits for the club. We thank them the finer details of our next building stage. This stage is expected to and their staff for their close co-operation and strong commitment to provide an increase to clubhouse, rowing and car parking facilities quality and service. During the year, Con and Kerrie exercised their option for our members. to extend the agreement with the club for a further five years. I would like to take this opportunity to thank Con and Kerrie Dedes We are grateful to our General Manager Peter Grosvenor and his staff who and their team for delivering such a wonderful dining experience and work hard to make our club house successful. being such a professional team for the club to align with. Meeting We regularly review the operation of our licensed club. Last year we customers’ expectations within the current market is becoming replaced the front windows of the main restaurant with sliding windows, increasingly difficult and Con and Kerrie should be commended for and expanded the main bar. This year we are making further changes to the building, and these are currently under way. These changes will allow exceeding this. us to expand, streamline and improve our dining facilities. It is important to thank the exceptional SRC Board, management and Separately we are working on a long-term master plan which will involve staff who are strongly committed to the club, are passionate about expansion of the spaces and improvements in the facilities we provide to our product and consistently provide high levels of support to both members. myself and the members. Our refurbishments in the club house and in the boatshed, and our upgrades to the club’s fleet, have been carried out with funds generated Finally, I thank the members for their ongoing support of SRC and through current cash flow without the need to borrow money. look forward to an exciting year to come. The Board has appointed a subcommittee to begin planning the Peter Grosvenor celebrations for the club’s Sesquicentenary year in 2020. The celebrations will include a Sesquicentenary Regatta and a Sesquicentenary Dinner, and General Manager we plan to republish Sydney Rows, the club’s Centennial History, with an update for the 50 years 1970 to 2020. I wish to thank my Board colleagues for their efforts over the year. Our directors work hard for the club, attending two Board meetings most months, plus subcommittees, and the club’s long-term success owes much to the dedicated work of our Board. We are looking forward to the new rowing season. We know we must not rest on our laurels. Our sport is highly competitive and other clubs are keen to beat SRC at every opportunity. This can only be to the benefit of the sport. I wish all our members the best of success. Keith Jameson President 4 SYDNEY ROWING CLUB ANNUAL REPORT 2017

HONORARY LIFE MEMBERSHIP Domestically both Spencer and Alex have done very well. Spencer rowed in the winning King’s Cup Eight in 2013 and was joined The club’s Board has recommended that Honorary Life Membership by Alex in the state crew in 2017 when NSW won for the seventh be conferred upon three outstanding members who have time in a row. With two second places to Victoria in 2015 and 2016, been prominent in the sport over the past Olympiad, and great Spencer and Alex were proud to claim the King’s Cup back in 2017 ambassadors for the club. with a dominant display of rowing from a crew that included club is an outstanding mates Angus Moore and Ed White. Spencer and Alex have had great oarsman. He is a world champion success in the pair with podium finishes at the NSW and National in and in sweep and has Championships every year from 2013-2016. represented Australia in six World With consistently solid Championships (2005, 2006, 2007, performances at selection trials 2010, 2011, 2014) and three throughout the Olympiad, they (2008, 2012, were selected into the Australian 2016). Chris moved from Adelaide Men’s Four in 2013 which won to Sydney after winning a bronze silver, gold and silver medals at medal in the 2012 Olympic Games World Cups I, II and III in the Men’s Quad. The success of respectively. They finished the year our program since then owes with a Silver Medal at the World much to the high level of athletic Championships in Chungju, South ability and leadership that Chris Korea. In 2014, they won the displays. He has won many races Men’s Four and Eight at World Cup for SRC and with his success last year was selected into the Australian I and went on to win a bronze for his third Olympics where they won the B-Final. Alex Lloyd medal in the Men’s Four at the Chris has had to manage several injuries throughout his career to World Championships in stay in the national squad so his performances in the last Olympiad Amsterdam. Following their outstanding gold medal win in World and in particular the 2016 National Championships were very Cup III over the Italians in 2015, Alex broke his collar bone in a bike impressive. He won a silver medal in the Men’s and accident and was unable to compete at the World Championships in two gold medals in the Men’s Double and Quad Sculls. He has Aiguebelette, France. Spencer remained in the crew and the four represented South Australia in the Interstate single scull and King’s were unfortunately beaten by the same Italian Four and had to settle Cup many times since 2005, and in 2016 won bronze medals in both for a silver medal. Alex made a miraculous recovery to get himself events only one hour apart. back onto the national team in 2016. They were selected as the Men’s Pair for their first Olympic campaign which began with a Apart from winning races for SRC, Chris has served as a terrific role scratchy fifth place in World Cup II. The pair made significant gains model, mentor, coach, leader, personal trainer, psychologist and to win a silver medal (2.71sec behind NZ) at World Cup III, the friend to us all. Morgs has time for everyone and never discriminates closest that any pair had ever come to the famous Kiwi Pair who were between club and elite level rowers, because anyone with the unbeaten from 2009-2016. Spencer and Alex were the Australian willingness to learn is worthy of his support. He will offer his Men’s Pair at the 2016 Olympic Games in Rio de Janeiro where they technical expertise to everyone who catches his eye in all aspects placed 6th in the A-Final in extremely challenging conditions. of training. It doesn’t matter if you are performing a deadlift in the gym, running around Hen and Chicken Bay or rowing in the boat, Since the Olympic Games Alex has taken some time off from Chris will offer his advice in a masterclass and turn you into a better international competition to finish his Engineering degree athlete. He won’t tell you what you want to hear, he’ll tell you what while Spencer decided to take on single sculling at the National you need to hear in order to improve. Championships to prove that he is Australia’s best all round rower. After an amazing race, he was crowned Champion Sculler of Australia Chris’ experience at the highest level of rowing extends way beyond for 2017, beating the 2016 champion. Spencer again made selection the technical side of the sport. He also taps into the psychology of into the Australian senior team, rowing in the winning Men’s Four rowing and helps others to get through the pressure situations such in World Cup II and in the Men’s Eight in World Cup III where they as Championship races and selection trials. Chris has also helped were received the Silver medal, beaten by current World Best Time to build a strong culture within the club with his generosity in holders, Germany by 0.49sec. gifting his national team training gear to young club rowers in need, attending club social events and functions, and turning any situation Chris, Spencer and Alex have represented the club with pride and into a positive one. Thank you, Chris, for being such a big part of our integrity. Their contribution to our senior men’s program has been club and making a huge difference. significant, with the highlight being the great win over Sydney University in the Men’s Eights at the NSW State Championships in and Alex Lloyd 2015. This was a major turning point in the recent history of our have shared a lot of their success club. Their performances made a major contribution to the club’s together in the . They success in being crowned Champion Club of Australia in 2016 and both started out in SRC Junior 2017. These three men are an inspiration to our members and have Quads that competed in the made Sydney Rowing Club a better place. They are worthy recipients at Henley of the award of Honorary Life Membership. Royal Regatta (Alex in 2008 and Spencer in 2009), and they Lachlan Carter persisted with the sport and worked hard to get to where they are today. They have shown all aspiring young rowers that you don’t necessarily have to row in Spencer Turrin the Australian Junior team to be successful later in your career. Spencer made his first Australian Team in 2011 in the U23 Men’s Eight which won the B Final at the U23 World Championships in Amsterdam. In 2012 Spencer and Alex were paired together for the National Championships placing fifth. They went on from this disappointing result to win the pair trial a few weeks later at the U23 Australian Selection Trials and consequently were selected into the Men’s Eight which won a bronze medal at the U23 World Championships in Trakai, Lithuania.

5 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Captain’s Report Gus Moore in the winning boat and Spencer Turrin and Josh Hicks in second place. I must begin by thanking my good friend Paul Coates for his service to In total SRC won eight gold, four silver and six bronze medals the club as Captain. Paul made the including a nail-biting finish in the U23 Women’s single scull by Harriet decision to resign from the board Hudson, two crews on the podium in the Elite Men’s Pair with Spencer after seeing the club through many Turrin and his pair partner from Adelaide, Alex Hill in first and Gus successful seasons as Captain. Paul Moore and Josh Hicks in third, and another open water victory for continues to bring his expertise and Romy Davenport in the U21 Lightweight Single Scull. Georgia Bradley passion to the junior program was another stand out of the regatta, winning the Schoolgirl Single which has thrived both in its own Sculls for Sydney Girls High and another gold in the Women’s U19 right as a group of athletes, and by with Lauren Graham, Lauren Lyon, Ella Hudson and Pippy contributing a number of talented Wiseman (Cox). I am encouraged to see a resurgence of lightweight and committed athletes to the rowing at the club, not only in Romola Davenport’s dominance of senior program. I hope I can the U21 Lightweight Single Scull, but the fast finishing Under 21 continue to rely on Paul for Lightweight Double combination of Sebastian Myles and Wyatt Batt guidance, and I continue to look up who finished less than a second behind the winners in quite a good to him as an example of true passion for our club, and for the sport of time, nearly making up a four second deficit in the final stages of the rowing. race. Sydney Rowing Club has maintained its number one position in 2017, Undoubtedly the highlight of the Sydney International Rowing thanks to the hard work and dedication of countless members and Regatta was to see Spencer Turrin hoisted up on the shoulders of his volunteers. During the season, our crews represented the club with opponents, as Champion Men’s Single Sculler of Australia. Spencer’s pride and great success. In what is traditionally a light year for elite defiant return to the single scull after spending a number of years competition, following the Olympic year, a small number of our elite establishing himself as one of the best sweep oarsmen in the country members have taken the opportunity to rest and recuperate, while is truly an awe-inspiring feat that will be remembered for years to others are taking the opportunity to obtain valuable international come. Other impressive results at the National Championships racing experience in the lead up to 2020. Coach Carter has taken included the win in the Men’s Pair of Gus Moore and Josh Hicks, advantage of this time to become engaged to his partner and World rowing in the winning Women’s Open Quad and Championship silver medallist, Laura Dunn, congratulations Lachy and winning the U21 Women’s double with Romy Davenport, and Harriet’s Laura. second in the Open Double with , and Leah, Harriet and Looking back on a year that began with the 2016 Olympic Games, one Kendall Brodie teaming up with the rest of the NSW Crew to win the can gain an appreciation for the vital role our coaching staff plays in Sprint Women’s Eight. The Club dominated the Men’s Coxed fours the club. Maintaining the top position is considerably more difficult once again, and had members in the first and second placed Men’s than any other position, particularly with the quality of rowing clubs Coxless Fours. Erik Horrie was again successful in winning the Arms we have as our peers and the challenges created by external factors, and Shoulders Single Sculls. The club’s strength was reflected in its from the establishment of National Training Centres and changes win in the overall points score for the Championships. to Olympic boat classes to pontoon replacement and the constant In the Interstate Regatta, the club was similarly well represented, with struggle to find flat water (driving Kirsten Liljeqvist to take up rowing Ed White making his debut in the King’s Cup and simultaneously a wooden skiff). Material changes have come into effect at the breaking the drought for NSW, alongside club mates Spencer Turrin, international level, with the loss of the Men’s Lightweight Four from Gus Moore and Alex Lloyd and coached by SRC’s own Don Cech. The the Olympic program, and the opportunity presented by the addition Men’s Youth Eight also dominated the field, coached by Jason Baker of the Women’s four to the program. Closer to home Rowing Australia and with SRC Member Tom Barnes on board. The Queen’s Cup eight, has established two National Training Centres (NTCs) for men and including Leah Saunders and Harriet Hudson, with women, located in Canberra and Penrith respectively, the aim being selected as the assistant coach, took second place with an aggressive to provide selected athletes with world class facilities and coaching, race strategy aimed at dislodging the dominant Victorian crew giving them the best chance at success in the coming Olympiad. Leah who have now won the event 13 years in a row. The NSW Women Saunders was invited to join the women’s NTC and Spencer Turrin, were narrowly beaten in the last 500m, but the race was a huge Josh Hicks and Angus Moore were invited to Canberra. While it is improvement on previous years and bodes well for the 2018 crew’s never ideal for our most talented athletes to train away from the club, chances. The Club was also represented in the fourth-placed Women’s it is clear that the NTCs have been successful, with SRC’s athletes Youth Eight with Georgia Bradley and Lauren Lyon, and by Coach winning a gold, two silver medals and a bronze medal at World Cups Carter as assistant coach of the Lightweight Men’s Four, claiming 2 and 3 in 2017. Responding to these challenges at the same time as bronze for the third year in a row. continuing to educate, mentor and guide our athletes is a demanding I can’t begin to express how impressed I am with the Sydney Rowing task, for which we all thank Don Cech, Jason Baker, Lachlan Carter and Club women’s program. After many years of one-off individual James Chapman. successes in small boats, courtesy of the likes of Tess Gerrand and Leah Our Head Coach, Don Cech, has been recognised by Rowing New Saunders, it fills me with pride to see a full Women’s Eight wearing South Wales with the award of NSW Coach of the Year. This is the light blue and winning events at the state and national championships. second year in a row that Don has earned this award. Our Coaches I must admit, I had serious doubts that the success we have seen over are also supported by a tremendous team of part-time and volunteer recent years was possible, particularly with the rise of some very strong coaches, in particular Paul Coates, Jim Stride, Luke Stait, Gavin Parcsi, women’s programs at UTS Haberfield, SUBC, and Mosman Rowing Sean Madeley, and Stephen Handley who all provide an essential Clubs, but Coach Carter has proven me wrong by building a program service to the club and contribute a tremendous amount to our from a nucleus of only a couple of female athletes – albeit very success. talented ones. Members of the Sydney Rowing Club Women’s squad The NSW State Championships were held in record breaking heat in won five gold medals at the National Championships, including the 2017 causing stress and discomfort for the athletes, and as a result Club four and the Club eight championships of Australia. The Board much of the racing was rescheduled or cancelled. Nevertheless, is committed to ensuring that the women’s program continues to go our club achieved much success, rounding out a successful regatta from strength to strength, and sent two crews to Henley Women’s by winning the QL Deloitte trophy with an open water win in the Regatta in the UK and the Holland Beker Regatta in Amsterdam to gain blue riband Men’s eight. The crew of Ed White, Charlie Patterson, exposure to a very high level of racing and to bring back experiences Chris Morgan, Nathan Bowden, Alex Lloyd, Spencer Turrin, Angus to share with the rest of the squad. Moore, Josh Hicks, and Kendall Brodie, won by nearly seven Leah Saunders and Harriet Hudson, the leading members of our seconds. Ed White, Alex Lloyd, Chris Morgan, and Nathan Bowden women’s program, did not represent Australia in the same Women’s with Pippy Wiseman steering, annihilated the opposition in the Coxed Quad crew this year due to their age differences, but they are both four, winning by over 18 seconds and showing that our club is certainly sitting in the bow seat, with the rest of the crew in both cases being a force to be reckoned with in the coxed boats. The club was also made up of Gen Horton, and . Leah represented in the top two Elite Men’s Coxless fours, which were both is bow of the Senior A Women’s Quad which raced at World Cup composite boats put together by the National Training Centre, with 2 coming second in the final and World Cup 3 where they placed 6 SYDNEY ROWING CLUB ANNUAL REPORT 2017

third. At the time of writing they are still to compete at the World winning the Men’s E Grade Single Scull, and Fiona Martin winning the Championships in Florida. Harriet combined with the same three Women’s F Grade Single Scull. In the Mixed Events Fiona and Rick to race at the Under 23 World Championships in Plovdiv Bulgaria, Martin won the F Grade Double and Kaye Smythe teamed up with winning a silver medal in the A Final. We are incredibly proud to be Geoff Raymond to with the G Grade Mixed Double Scull. The club represented on the world stage by Leah and Harriet, and at the club was represented in the Master’s Interstate competition as well, with level by our crews at Henley Women’s and Holland Beker Regattas. Fiona Martin in the Bronze winning Women’s , and Deb As has become tradition, the Club sent a number of crews to compete Church and Jennifer Edge in the Women’s eight, which won silver. in Europe in 2017. This time the addition of Henley Women’s Regatta Our club’s newsletter, The Catch has become a global success, and is to the itinerary meant the squad would be divided. The Women’s Four due to enter its fifth year of publication in November. The global and of Maddy Farrar, Susie Dear, Candice Williams and Emily Partridge constantly growing readership is a testament to the efforts put in by improved as the tour went on, but were faced with a very big task on all involved and it is my hope that this continues to gain momentum their first day of racing at Henley Women’s Regatta. After qualifying and its success can add to the renown of the club overall. There are a fifth overall in the Time Trial, they were drawn against the fourth number of people whose hard work goes into the production of The qualifier in the heat later the same day, narrowly losing. At the Henley Catch. Editor Jenny Cole and Kendall Brodie coordinate a huge number Women’s Regatta, the club’s team included a Composite Junior Quad of newsworthy items across the current and wider membership and Scull of Ella Hudson (SRC), Laura Chancellor (Somerville House), their contribution to the club is deserving of praise. Hillary Ballinger (Somerville) and India Thomson (Pymble). The Junior It has been a terrific year for the club, with many stand out Quad performed exceptionally well in their first international regatta, achievements. I look forward now to the World Championships in qualifying all the way to the semi-final where they were beaten by a Florida, and on to another successful season of working together to narrower margin than that which was required by the same crew to keep Sydney Rowing Club on the top step of the podium. win the final later the same day. The Club’s athletes came together for a strong show of force at the SIMON NOLA Holland Beker Regatta in Amsterdam, where the men’s crews were Club Captain able to test themselves against some of the best crews in the world in the lead up to , and the women, who had finished racing at Henley Women’s the week prior were given a 2017 AUSTRALIAN REPRESENTATIVES second chance to show the results of their hard work. In total SRC had World Cup 2 (Poznan, Poland) members in five crews competing on the tour. Three were full Sydney Men’s Spencer Turrin, Josh Hicks rowing club crews, the women’s four mentioned above who competed Women’s Quad Scull Leah Saunders at Henley Women’s and Holland Beker, and the Wyfold and Britannia Men’s Eight Gus Moore, Nathan Bowden fours who raced at Henley and Holland Beker, where they came World Cup 3 (Lucerne, Switzerland) together to make a formidable eight but were unable to race the final due to an unfortunate flight scheduling clash. At Henley Royal Regatta Men’s Eight Gus Moore, Spencer Turrin, the club experienced a challenging set of circumstances with both SRC Josh Hicks crews meeting top ranked crews prior to the final, with the Britannia Men’s Nathan Bowden Four bowing out to the eventual winners in their quarter final. Women’s Quad Scull Leah Saunders SRC was well represented in the Temple Men’s Eight at Henley Royal World Rowing Championships (Sarasota, USA) Regatta, with half of the University of California, Berkeley USA crew Men’s Coxless Four Spencer Turrin, Josh Hicks hailing from SRC, namely James Riley, Sam Horsley, Mark Brinker and Women’s Quad Scull Leah Saunders Hamish McDonald. The Temple 8+ is a very high standard of racing Men’s Eight Gus Moore, Nathan Bowden for student crews, and the Bears combined well in the short time they AS Men’s Single Scull Erik Horrie, Jason Baker had to prepare together for the event, being beaten in the semi-final (Coach) by the Oxford Brookes University ‘A’ Crew, who went on to win the World Rowing Under 23 Championships final and defend their 2016 title. (Plovdiv, Bulgaria) Once again, the Men’s program has delivered a fantastic set of results Women’s Quad Scull Harriet Hudson during 2017, winning the Riverview Gold Cup for the third time in a Men’s Coxed Four row, winning the NSW Championship Eights, and gaining selection of Under 21 Trans-Tasman Team five men and one coach in the Australian team to join Leah Saunders Romola Davenport at the World Cup regattas in Europe. The men performed extremely World Rowing Junior Championships (Trakai, Lithuania) well, with a gold medal to Spencer Turrin and Josh Hicks in the four Men’s Quad Scull Jackson Kench, at World Cup 2, and they were joined by Angus Moore in the Men’s Lachlan Stevenson, Eight that went on to win a thrilling silver medal at World Cup 3, less Harry Crouch, than half a second behind the Olympic champions, Germany. Nathan Jason Baker (coach) Bowden also won silver in the coxed pair at World Cup 3 where he combined with former SRC member Ben Coombs and coxswain James Rook. Sam Hardy achieved selection once again in the Under 2017 STATE TEAM REPRESENTATIVES 23 Men’s Coxed Four to compete alongside Henry Youl, Sam Marsh, Penrith Cup Men’s Lightweight Four Andrew Judge and coxswain Georgia Litt in Plovdiv, Bulgaria where Lachlan Carter the crew placed fifth in the A final. A long-standing member of the (Assistant Coach) Men’s and Women’s programs at SRC, Kendall Brodie, came very Victoria Cup Women’s Lightweight Quad Scull close to making history during the selection trials for the Australian Romola Davenport (reserve) Men’s Eight, where she was shortlisted for the coxswain’s position, for which she is now eligible as a result of a recent change to the World Women’s Youth Eight Georgia Bradley Rowing Laws of Boat Racing. At the junior level, the Club is also well Lauren Lyon represented internationally with Jason Baker, who has been kept busy Men’s Youth Eight Tom Barnes during the winter season, selected once again to coach multiple World Jason Baker (Coach) Champion and World’s Best Time holder, Erik Horrie, at the World Women’s Eight (Queens Cup) Leah Saunders Championships, as well as the Junior Men’s Quad scull including SRC Harriet Hudson members Jackson Kench, Harry Crouch and Lachlan Stevenson. Kendall Brodie Sydney Rowing Club is lucky enough to be home to a number of very James Chapman (Assistant Coach) talented masters rowers, some of whom once represented the club Men’s Eight (Kings Cup) Ed White in open competition and others who have taken it up later in life. Gus Moore Despite its small numbers when compared with the powerhouses of Alex Lloyd masters rowing, the SRC Masters’ program continues to punch above Spencer Turrin its weight. At the National Championships in Nagambie Victoria the Donovan Cech (Coach) Club’s small team of ten came home with ten medals, Carl Quitzau 7 SYDNEY ROWING CLUB ANNUAL REPORT 2017

YVONNE ELLIS AWARD Gold medals at the National Championships in the Open Quad Most Outstanding Oarswoman and the U21 Double. I’m very pleased that there are two winners of this prestigious At the National Championships this year, Leah and Harriet raced award this year, as it shows the growing depth in women’s in the Open Double Scull and won a silver medal together rowing at SRC. Both Leah Saunders (24) and Harriet Hudson against a very experienced field. They both represented NSW (19) have had outstanding seasons and are both very deserving in the Queen’s Cup Eight that placed second to Victoria after winners. leading the race until 500m to go. This was the best result for the NSW Women’s Eight since 2004. After last season when Leah was the reserve for the Australian Women’s Eight at the Olympic qualification regatta she has The Club is very proud of these two incredible women. They worked extremely hard to earn a spot in the new National both show qualities that exemplify the true meaning of a good Training Centre for Women in Penrith. The transition into role model. They take pride in upholding the Sydney Rowing becoming a full time professional athlete took some adjusting, Club ethos in everything they do and put their best foot forward but Leah seized the opportunity and made it count. She went with every challenge that rowing and life throw at them. to and found herself trialling for the coxless Congratulations to you both and we look forward to seeing your four until selectors threw a curve ball and had Leah trialling performances throughout this Olympiad on the road to the 2020 for the quad scull in the same week. Switching from sweeping Tokyo Games. to sculling would be a major adjustment for anyone, but Leah Lachlan Carter remained very positive and backed herself to rely on her strength - being adaptable. Leah’s remarkable ability to row in any boat in any combination got her selected into the Australian Senior GEOFF KNIGHT TROPHY A Quad. They won a silver medal in World Cup II and bronze Most Outstanding Lightweight Rower medal at World Cup III. We wish Leah all the best for the World With the strength of the Championships in Sarasota, Florida in September. women’s program building, we As mentioned in the Captain’s report, Leah and Harriet have a have seen a number of talented unique situation where the two of them share the bow seat of women succeeding at a very high the Australian Quad. Straight after World Cup III, Leah came back level including Romola home to continue training for the Senior A World Championships Davenport who this year while the rest of the crew met Harriet at the European Training becomes the second female at Centre in Varese, Italy in the lead up to the Under 23 World SRC to ever win this award. The Championships in Plovdiv, Bulgaria. It was only two years ago club has typically had success in that Leah won a silver medal in this very same event and we all lightweight men’s rowing and it’s hoped that Harriet could have similar success and amazingly she great to add to that on the did. The Aussies stormed home in the final quarter of the race to women’s side. Romy has been a edge out the Germans for a silver medal. Hopefully one day, Leah very successful junior at the club and Harriet will race in the same crew for Australia so they can for several years now and her hard work, dedication and share their success together. For Harriet to make the Under 23 persistence has paid off. team in her first year out of Juniors is a remarkable feat and one Romy made the Australian Junior Quad in 2016 but was unable to of which we are very proud. Harriet’s success was all due to her compete at the Junior World Championships due to a rib injury. hard work throughout the season where she had huge success As hard as that was to take, Romy was determined to persist with winning the Under 23 single at the NSW Championships and two her rowing and decided to try her hand at now that she has moved into the Under 21 category. After several months of rehabilitation and regaining her strength, she started to gain momentum again even as she dropped her body weight down to 59kg. Her first race as a lightweight was at the Small Boats regatta in January where she shot out of the blocks as per her previous tactics but found it difficult to maintain speed in the second half of the race. After that she soon learned how to best manage her weight and how to race under fatigue especially with the stress that weight restrictions have on the body. She came to the NSW Championships very well prepared and took out the U21 lightweight single 8.5sec ahead of second place. The momentum was now flowing and Romy performed brilliantly at the National Championships with a silver medal in the U21 single and a Gold medal in the U21 double with Harriet Hudson. She was also the reserve for the NSW lightweight quad in the interstate regatta. She finished the National regatta with a Bronze medal with Madeleine Farrar in the Club Double. At the National Selection trials, Romy had another rib scare but still managed to be the number one ranked U21 lightweight single sculler selected for the Australian U21 Team that competes against New Zealand in the Trans Tasman series. Romy competes in the lightweight double as well as a mixed weight Quad and Eight. At this stage of the competition the Aussies are leading the points score for the Rusty Robertson Trophy. The team is yet to head over to New Zealand for the final leg of the series in August this year. Good luck Romy and congratulations on all of your Leah Saunders and Harriet Hudson: Open Women’s success this season. Double Scull (Silver Medallists) at the National Championships. Lachlan Carter 8 SYDNEY ROWING CLUB ANNUAL REPORT 2017

PHIL CAYZER AWARD This proves the worth of our leading club oarsmen on the world Most Outstanding Oarsman stage and we trust they will once again prove that they are the leading rowers in world rowing at the World Championships This year’s award is shared by Spencer Turrin and Josh Hicks. in Sarasota, USA in September. Both of these men never shy The 2016-17 rowing season has been one for the club to fondly from competition and in doing so they’ve produced stellar remember. Amongst the club’s many major performances there performances for their club at both the NSW and National are a handful of athletes who had truly remarkable performances Championships this season. and both Spencer and Josh lead this group. Besides the fact that Donovan Cech both are members of Australia’s priority sweep boat, the men’s coxless four for the 2017 World Rowing Championships taking place in late September, these rowers were also separate winners of different boat categories at the National Championships. If there was a performance of the year award at the club or in Australia for that matter it would probably go to Spencer for his outstanding win in the single scull at the National Championships. Following that race was a sight to behold as Spencer turned the screws on the opposition through the middle of the course to win quite comfortably and claim his first single sculls national title, the first for the club for some time. The “Do it for Dungog!” calls from the bank certainly left a telling impression on Spencer. Josh, on the other hand paired up with Gus Moore in the men’s pair to claim his first national title in that event, proving that this combination’s success in the 2016 national selection process and rowing season, which was unfortunately brought to a halt when Gus got glandular fever at the NSW Small Boats Regatta, was no fluke. These two performances which showed considerable strength and determination surely paved the way for their inclusion in the Rowing Australia Men’s coxless four. This four stepped up to the plate at World Cup 2 in Poznan, Poland in May, winning the men’s coxless four ahead of long term rivals Great Britain. This result was a catalyst for confidence, and in Lucerne in World Cup 3 they were included in the Australian men’s eight which took on Olympic Champions Germany in a monumental hard-fought Champion Men’s Sculler of Australia: Spencer Turrin, battle, won by the World Best Time holding Germans in a supported by Hamish Playfair (Silver) and Cameron thrilling finish on the line. Girdlestone (Bronze).

Champion Men’s Pair of Australia: Angus Moore and Josh Hicks.

9 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Erik Horrie, Australian Representative in AS Men’s Single Sculls at 2017 World Rowing Championships.

SRC Winning the Champion Men’s Eight of NSW

Champion Men’s Eight of NSW: Alex Lloyd, Chris Morgan, Charlie Patterson, Josh Hicks, Kendall Brodie, Nathan Bowden, Angus Moore, Spencer Turrin, Ed White. 10 SYDNEY ROWING CLUB ANNUAL REPORT 2017

AWARD OF MERIT FOR NOVICE ROWING W J GOULDING AWARD This special award is made from Most Improved Rower time to time to recognise the Coming off the back of a successful Head of the River winning achievements of an athlete who season in the Shore 2nd VIII, Lachlan ‘Stevo’ Stevenson set his started the season as a novice. sights on trialling for the National Junior Team. Tal Lewis started his rowing A strong performance in the single scull at the National career in the early part of January Championships, where Lachlan placed fourth set him up well for 2016 on a sunny Sunday morning a good performance at the trials. at the SRC boatshed after a fellow After multiple days of trialling and seat racing Lachlan was student and SRC compatriot triumphant and was selected in the National Junior Quad. Benedict Brenner convinced him Gaining selection on a National team is testament to Lachlan’s to give it a crack. This was under diligence and unwavering commitment. the tutelage of then captain The crew placed third in the B Final in a strong field at the World Paul Coates, who told me at the Junior Championships in Trakai, Lithuania. time that “this kids gonna be pretty good brother”. In his second The club is thrilled with Lachlan’s success this season and session, I had the opportunity to take him out in a single and what delighted to have him as our Most Improved Rower. most impressed me was his nous for picking up major technical aspects of rowing in a very short time, as well as his unwavering Jason Baker ability to commit to the work without hesitation or question. He also loves to train in the single, citing that it keeps him honest and ALF DUVAL TROPHY constantly competitive, having “fun” in the process. Most Outstanding Junior As the months rolled on he was still one of the familiar faces Jackson Kench has been with Sydney Rowing Club for two years always turning up wanting to learn and work hard, making him now. In this time, he has had great success with the Shore 1st VIII the ideal athlete to coach. Of late he was selected into our junior and SRC. quad to go to the state championships and had a strong showing Jackson won consecutive Head of the Rivers in the 1st VIII in at the CHS regatta, combining with Ben Brenner to win the 2016 and 2017. His 2016 crew was Champion Schoolboy VIII Men’s Pair event and placed strongly in the Single Scull. These of Australia. In 2017 the crew raced to a Silver medal at the are all promising signs for a rower with another year of juniors to Nationals. complete, and recently, under the watchful eye of Coach Carter, Tal set a new world record for 5k on the ski erg to keep his Jackson’s strong performances in the scull at the National Junior motivation levels sky high and help him continue to strive and Trials gained him two successive years in the Australian Junior compete hard in this upcoming season. quad. He raced at the World Junior Championships in Rotterdam, 2016 and Trakai, Lithuania in 2017. With his dedication to hard work and attention to detail, I have no doubt Tal is soon to have a fruitful season 2017-18, with his Jackson has had a remarkable degree of success, both enthusiasm and colourful personality playing a huge role in not domestically and internationally which makes him a deserving only his success, but the upbeat and positive mood he brings winner of the 2017 Most Outstanding Junior. with him!! Jason Baker Sean Madeley

Australian Junior Men’s Quad: Lachlan Stevenson (Shore/SRC), Harry Crouch (Newington/SRC), Jackson Kench (Shore/SRC), Daniel Samus (St Augustines/Mosman).

11 SYDNEY ROWING CLUB ANNUAL REPORT 2017

MICHAEL MORGAN TROPHY Noni relished the challenge and the crew managed a bronze Most Significant Contribution by an Honorary Coach medal. Sean Madeley is again the winner Noni’s humility, focus, talent and a delightful personality makes of this award after last year her a deserved winner of the point score and as a rower an sharing the award with Luke invaluable member of the SRC Masters contingent. Stait. Scott Turner Sean continued the work of last season, making a major FRANK HIDDEN AWARD contribution to the junior For Service to the Club program under the guidance of Not enough can be said about Paul Coates. the contributions that Gavin Sean began his rowing in the Parcsi has made to Sydney club’s junior program, and his Rowing Club since he joined the crew won the Special Award club in 2014. His endless hours of Merit for Novice Rowing in coaching juniors on Sundays, 2010. Sean went on to achieve much success as an oarsman, repairing Rowperfect machines, racing at every opportunity, and winning the award for the Most fixing and rigging boats and Outstanding Junior in 2012 and the John Hackett Trophy for the loading trailers have all been leading point scorer in the season in 2011 and 2012 seasons. He greatly appreciated. Gavin is rowed in the club’s Under 21 eight in 2012 and was the reserve studying and practicing medicine in the Australian Junior team in the same year. Sean participated and has little spare time on his in the National Talent ID tour of New Zealand in 2012, rowing in hands. Yet somehow, he the men’s quad, and in 2013 competed in the NSW team in the manages to find the time away from his studies to tidy the gym Youth Olympics. At the National Regatta in 2014 Sean rowed in and boatshed and pay attention to detail as every is placed the winning crews in the Under 21 Men’s Quad and the Under 23 back on the wall in colour coded order. Gavin has been based in Coxed Four. Dubbo for his fourth and final year of medicine and has been Since turning his hand to coaching Sean has made rapid there since the beginning of the year but this hasn’t stopped him progress, drawing on his extensive experience and utilising his from helping out in big ways. He drove five hours from Dubbo knowledge gained through his studies in Exercise and Sport one weekend just to prepare and cook food for 100 people at Science completed last year. this year’s Henley Fundraiser by the foreshore and did a fantastic Since the end of the season Sean has focussed on assisting the job. All that was left at the end were 100 very satisfied people emerging juniors in their transition to the next phase of their with dozens of stripped BBQ skewers on their plates. rowing. We wish Sean continued success with his coaching. Thanks once again Gavin for your continued support of this great club and congratulations on being our Frank Hidden Award winner. All the best for the rest of your exams. We are very much BILL ANDREWS AWARD looking forward to having you back in Abbotsford by the bay later Highest Point Score for a Masters Rower in the Rowing NSW Season this year to help Coach Carter polish a few more boats. Noni Martin has been the most outstanding of our Masters Rowers this season taking out the point score convincingly. With Lachlan Carter a background in horse riding and cross-country skiing, Noni decided to start rowing as Rick Martin (Noni’s husband) had R J DALEY AWARD returned to the sport of rowing. With balance and great posture, Highest Point Score for a Coxswain along with her quietly determined spirit, Noni has enjoyed a Scott Trayhurn has contributed stellar season! to Sydney Rowing Club’s Along with natural talent, her willingness to learn and improve competitive program at many made her a ‘perfect student’. Noni flourished under the expert levels over the past four years coaching from Ken Ambler. Ken spent many hours rowing from and has enjoyed considerable Clontarf to Roseville Bridge or Hen and Chicken Bay always success in club competition. giving invaluable points and tips. Under such wonderful eyes, His regular ride is the men’s Noni decided to enter every single race throughout the season masters eight in which Scott even competing in horrendous heat. Undefe ated until NSW played a key role, both as a State Masters where Noni lead the whole race only to be beaten coxswain and as a coach. His by 0.4 seconds by former lightweight world champion, Adair considerable coaching capability Ferguson. This was an amazing race to watch, an achievement and good judgement, combined and highlight indeed. with a rare ability to understand Throughout the season Noni was a valuable crew member in the what is needed for fast rowing, bring the best out of his crews, Women’s G4X (stroke), Women’s F2X, mixed F4X and mixed F2X most particularly in close racing situations. with Rick, winning medals in all categories. Noni also entered in a Scott is of the same calibre as many of our club’s great coxswains SA and NSW mixed 8+ crew for the Head of the Yarra placing 4th. and is a worthy recipient of the R.J. Daley award. Another huge achievement was a victory in the F1X at the Stephen Handley National Masters held on Nagambie Lakes. In the horrendous conditions and almost suffering hypothermia, Noni was a clear winner. Noni was selected in the NSW D4X crew to race at the National Masters Regatta. This required a huge commitment travelling from the Northern Beaches to the Cooks River twice a week.

12 SYDNEY ROWING CLUB ANNUAL REPORT 2017

JOHN HACKETT TROPHY DRUMMOYNE ROTARY CLUB Most Points in the Rowing NSW Season Community Spirit Award In addition to winning the award for Novice rowing, Tal Lewis The Drummoyne Rotary Club Community Spirit Award had a clear-cut win in the John Hackett Trophy for the most recognises the worthy example set by a rower who has fostered points in the season. the objectives of SRC by exhibiting the qualities of ideals of service to fellow club members and encouraging and fostering a During the season, Tal competed in 25 races, winning nine of sense of community spirit within the club environment. these, and winning 85 points for the club. Next in the points Jack Quinn has completed his first season with the club after table were Ben Brenner with 69 points and Sara McDonald with previously rowing in New Zealand. His season started quietly due 60 points. to injury but he was subsequently successful in gaining selection Congratulations Tal on your consistent performance over the into the club’s team for Henley Royal Regatta. season. Jack is noted for his willingness to shoulder responsibility wherever possible. He is always the first to volunteer where GEORGE SCHNELLER AWARD assistance is needed. He made a valuable contribution to the Service to the Club fundraising effort for the Henley team. Thanks Jack for your efforts this year. This year’s George Schneller Award goes to Chris Morgan. Considering the successful season that Chris had on the water in 2016, which included Australian Olympic Selection for Rio in the Men’s Double Scull, it is hard to believe that he would have had the time or energy to put into the club, but he truly did. Chris has managed to back up his 2016 Frank Hidden Service to the Club award with another service award. Morgs has continued to find avenues to make an impact within the membership of the club. The culture of not shying away from competition is one which Chris leads on the water and his mentorship off the water is acknowledged by many of our junior and youth athletes as an invaluable resource to tap into. From words of encouragement whilst biking the roads of Perisher to strategic banter over a beer post Gold Cup win, from technical correction mid-lift in the gym to crew preparation pre-competition, Chris adds value to the program is some way or form. The old adage of “Ask not what the club can do for you, but rather what you can do for the club!” stands firm with Chris, we trust that our young rowers can follow suit. Donovan Cech

Women’s Quad, Bronze Medallists at the NSW Championships: Harriet Hudson, Emily Partridge, Susie Dear, Candice Williams.

13 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Club Men’s Eight, Silver Medallists at the Australian Championships: Jake Brighton, Nick Clifton, Dylan Boakes, Jack Quinn, Max Brenner, Pippy Wiseman, Will O’Connell, Clinton Boltman, Matt Gertenbach. Photo: Scott Patterson

Champion Club Women’s Eight of Australia: Lara Campbell, Brianna Caputo, Madison Brown, Maddy Farrar, Candice Williams, Tessa Mapplebeck, Emily Partridge, Susie Dear, Millicent Cheetham.

14 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Club Men’s Four, Silver Medallists at the Australian Championships: Nick Clifton, Will O’Connell, Clinton Boltman, Matt Gertenbach.

Champion Club Women’s Four of Australia: Susie Dear, Emily Partridge, Tessa Mapplebeck, Candice Williams.

15 SYDNEY ROWING CLUB ANNUAL REPORT 2017

FINANCE DIRECTOR’S REPORT likely to see significant benefits to the Club and its members It is my pleasure to report that for the in the coming financial year. Gaming revenues remained at 2017 financial year the club achieved strong levels after subsequent years of pleasing growth. a net operating surplus of $224,399 Administration expenses increased by 4%. Club House ($408,391 in 2016). The trading result and Grounds expenses increased by 7% as a result of reflects the continued commitment by increased depreciation costs associated with the continued the Board, Management, and staff to refurbishment of the bar and dining facilities within the club provide facilities which our members house, and the purchases of gaming machines and a new and their guests can enjoy. This has pontoon. in turn enabled the club to be in a The operating surplus for the year includes a depreciation strong and stable financial position to charge of $510,348. This charge relates to the club’s buildings, this this year invest in extensive capital purchases and repairs plant and equipment and fleet. and maintenance through cash reserves to improve members On a cash flow basis, the club generated from its operating facilities. activities $768,741 after interest of $3,972. The cash held by The club’s gross revenue for the year was $5,524,313 the club at year end totalled $519,640. This strong financial ($5,575,527 in 2016). Gross Bar and Gaming revenues position has enabled the club to fund through cash flow the remained strong. Surpluses were achieved for Bar and extension of the Lounge bar, the purchase of a new pontoon, Gaming during the year of $1,118,783 ($1,123,291 in 2016) increases to the fleet, and substantial repairs and maintenance and $545,108 ($565,232 in 2016) respectively. Expenses work to the boatshed. relating to the club house operations totalled $1,740,518, I take this opportunity to thank the club’s staff for all their an increase of $81,085 from 2016. Record bar trading from efforts during the year, and the members for their patronage the extension to the Lounge Bar in November was offset by which has enabled the club to achieve the results this year. declines in bar sales in the new dining facility, The Smoking Scott Turner Goat. Current work on the dining facilities within the club is Finance Director

2017 2016 2015 2014 2013 $ $ $ $ $ Gross Revenue ______5,524,313 5,575,527 5,387,536 5,294,408 5,402,746 Income Contribution Bar 1,118,783 1,123,291 1,207,407 1,263,417 1,175,937 Poker Machines 545,108 565,232 540,290 498,851 655,809 Catering 665,877 634,334 635,714 613,647 585,076 Interest Received 3,441 5,378 8,780 8,683 13,305 Keno 9,970 14,713 16,901 14,196 17,056 Other Income ______38,139 41,606 44,793 67,542 78,965 ______2,381,318 2,384,554 2,453,885 2,466,336 2,526,148 Expenses applicable to above ______1,740,518 1,659,433 1,666,665 1,707,811 1,736,262 Surplus/(Deficit) from Club House operations 640,800 725,121 787,220 758,525 789,886 Subscriptions 317,722 329,568 280,338 288,330 237,177 Donations and sponsorship ______0 0 2,500 5,000 9,455 Surplus/(Deficit) from Club House Operations and Non-operating Income 958,522 1,054,689 1,070,058 1,051,855 1,036,518 Less: Rowing expenses 734,971 642,675 636,569 641,145 563,220 Add: Net income from Events and Fundraising 848 (3,623) (8,918) (5,557) 5,442 Operating Surplus/(Loss) 224,399 408,391 424,571 405,153 478,740 ______

2017 INCOME CONTRIBUTION 2006 INCOME CONTRIBUTION

Catering Catering 9% 27% Bar 20%

Bar 48%

Gaming 25% Gaming 71%

16 Sydney Rowing Club Limited ABN 12 000 995 746

Directors’ Report For the year ended 30 June 2017

Directors Your directors present their report on the company for the financial year ended 30 June 2017. The names of the directors in office at any time during the financial year, or since the end of the year are: K. E. Jameson (appointed 01/05/1979) S. Handley (appointed 19/09/2004) M. Morgan (appointed 17/09/2006) D. Sollom (appointed 17/06/2006) S. Turner (appointed 23/09/2007) P. D. Coates (retired 22/05/2017) K. Liljeqvist (appointed 29/09/2013) T. Gerrand (retired 25/09/2016) K. Brodie (appointed 20/09/2015) S. Thiebe (appointed 08/04/2016) S. Nola (appointed 29/05/2017) Directors have been in office since the start of the financial year to the date of this report. Company Secretary The following person held the position of company secretary at the end of the financial year: Peter Grosvenor was appointed secretary on 20 April 2009. Peter has worked in the hospitality industry for over 30 years with the last 22 years in the club industry. Principal Activities The principal activity of Sydney Rowing Club Limited is to promote the sport of rowing and provide members and their guests with the amenities and facilities usually associated with a sporting club. No significant changes in the nature of these activities have occurred during the year. The entity’s short-term objectives are: - To expand the number of members competing in the sport and to aim for the highest standards of performance. - To provide a high level of club house services that meet the needs of the local community. The entity’s long term objectives are: - To promote the sport of rowing. - To provide for members and guests a social and sporting club with all the usual facilities of a registered club. To achieve these objectives the entity has adopted the following strategies; - The club has identified a range of programs that match the requirements of the active rowing members, and endeavors to provide the necessary level of equipment, coaching and support to the members to permit them to be successful at the highest possible level. - The club attracts and retains quality staff who are committed to providing quality service to the members. - The club regularly reviews the club’s facilities, customer needs and industry trends, to ensure the registered club meets the needs of members and the local community. Operating Results The net surplus of Sydney Rowing Club Limited amounted to $1,569,626 (2016: $408,391). This included a gain on revaluation of land and buildings of $1,345,227 (2016: $nil). Key Performance Measures The company measures its own performance through the use of both quantitative and qualitative benchmarks. The benchmarks are used by the directors to assess the financial sustainability of the company and whether the company’s short-term and long-term objectives are being achieved.

17 Sydney Rowing Club Limited ABN 12 000 995 746

Directors’ Report (continued) For the year ended 30 June 2017

2017 2016 Actual Benchmark Actual Benchmark Members Number of members 13,942 14,000 14,321 14,000 Number of rowing members competing 147 130 130 125

Staff Number of supervisory and management staff involved in industry training 5 5 5 5 Turnover of supervisory and management staff 30% 15% 22% 15%

Operational and financial Annual Financial Indicators: Total net profit $224,399 $325,262 $408,391 $353,232 Gaming net profit $545,108 $522,062 $565,232 $521,975 Beverage net profit $1,118,783 $1,208,642 $1,123,291 $1,238,510 Catering licence revenue $447,483 $446,171 $441,247 $440,445 Membership subscription revenue $317,722 $310,542 $329,568 $281,500

Proportion of funding spent on: Rowing program $734,971 $676,817 $642,675 $671,854 Elite athlete support $52,664 $50,000 $48,856 $50,000 Staff training $3,651 $11,200 $6,024 $10,200

Information on Directors Director Office Holdings Occupation Qualification and experience

K. E. Jameson President Retired BA (Accounting) CPA, member since 1962, director since 1979, member of the Building, Finance and Regatta committees.

S. Handley Vice President Company Director Background in banking and electronics engineering, member since 1970, director since 2004, member of the Finance and Regatta Committees, school and club coach since 1979.

M. Morgan Vice President Retired Teacher for 25 years, and professional rowing coach, member since 1964 and director since 2006.

18 Sydney Rowing Club Limited ABN 12 000 995 746

Directors’ Report (continued) For the year ended 30 June 2017

Director Office Holdings Occupation Qualification and experience

D. Sollom Director Company Director Member since 1957, Honorary Treasurer 1981 to 1988, director since 2007, member of the Finance and Building committees.

S. Turner Finance Director Chartered Accountant Bachelor of Business, member since 1980, director since 2007, member of the Finance Committee.

P. D. Coates Captain Sports Administrator Member since 1996 and a member of the Regatta and Rowing Coach Committee.

K. Liljeqvist Director Accountant B. Bus (Land Economy) Grad. Dip. Accounting, CPA. Member since 1997, member of the Finance Committee.

T. Gerrand Director Strategic Sales Bachelor of Arts (Economics) Leadership Graduate at Coca-Cola Amatil, Member of the Rowing Australia Athletes Commission, member since 2010 K. Brodie Vice Captain Graphic Designer Bachelor of Arts (Design) at the University of NSW.

S. Thiebe Director Engineer Engineering degree in Interior Architecture. Extensive board experience, founding member of Deutschstunde a German Language School; founding member of the Industry representation for Professional Organisers, past P&C president at her local primary school. Currently runs her own business helping people de-clutter and organise their spaces.

S. Nola Captain Compliance Manager BA, member since 2001, director from 2004-2009.

Meetings of Directors During the financial year, 22 meetings of directors were held. Attendances by each director during the year were as follows: K. E. Jameson 21 P. D. Coates 10* S. Handley 21 K. Liljeqvist 20 M. Morgan 18 T. Gerrand 5* D. Sollom 20 S. Thiebe 20 S. Turner 20 K. Brodie 13 S. Nola 2^ * retired in the year. ^ appointed in the year.

The entity is incorporated under the Corporation Act 2001 and is an entity limited by guarantee. If the entity is wound up, the constitution states that each member is required to contribute a maximum of $2 each towards meeting any outstanding obligations of the entity. At 30 June 2017, the total amount that members of the company are liable to contribute if the company is wound up is $27,884 (2016: $28,642).

19 Sydney Rowing Club Limited ABN 12 000 995 746

Directors’ Report (continued) For the year ended 30 June 2017

Proceedings on Behalf of the Company No person has applied for leave of Court to bring proceedings on behalf of the Company or intervene in any proceedings to which the Company is a party for the purpose of taking responsibility on behalf of the Company for all or any part of those proceedings.

The Company was not a party to any such proceedings during the year.

Auditor’s Independence Declaration A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out at page 21.

This report is signed in accordance with a resolution of the Board of Directors:

K.E. Jameson S. Turner Director Director

Dated this 31st day of July 2017

20 Sydney Rowing Club Limited ABN 12 000 995 746

21 Sydney Rowing Club Limited ABN 12 000 995 746

Statement of Profit and Loss and Comprehensive Income For the year ended 30 June 2017

Note 2017 2016 $ $ Revenue 2 5,524,313 5,579,618 Cost of sales 3 ______(834,695) ______(873,341)

Gross operating surplus 4,689,618 4,706,277

Other income 2 62,430 70,805 Clubhouse expenses (1,046,533) (979,182) Rowing expenses (734,971) (642,670) Bar expenses (1,302,100) (1,323,644) Poker machine expenses (685,771) (678,860) Keno expenses (4,775) (4,725) Administration expenses (675,057) (665,409) Borrowing costs 3 (28,444) (24,394) Other expenses ______(49,998) ______(49,807)

Surplus for the year attributable to members 224,399 408,391

Other comprehensive income for the year Gain on revaluation of land and buildings ______1,345,227 ______-

Total comprehensive income for the year attributable to members 1,569,626 408,391 ______

The accompanying notes form part of the financial statements

22 Sydney Rowing Club Limited ABN 12 000 995 746

Statement of Financial Position As at 30 June 2017 Note 2017 2016 $ $ ASSETS Current assets Cash and cash equivalents 5 519,640 422,444 Trade and other receivables 6 157,532 251,999 Inventories ______100,151 ______89,752 Total current assets ______777,323 ______764,195

Non-current assets Property, plant and equipment 7 12,362,204 10,855,150 Intangibles 9,168 6,065 Work in progress ______117,585 ______98,364 Total non-current assets ______12,488,957 ______10,959,579 TOTAL ASSETS 13,266,280 11,723,774 ______

LIABILITIES Current liabilities Trade and other payables 8 365,806 394,440 Interest bearing liabilities 10 - 100,000 Provisions 9 204,570 220,225 Income in advance 8 ______263,132 ______257,886 Total current liabilities ______833,508 ______972,551

Non-current liabilities Interest bearing liabilities 10 100,000 - Provisions 9 ______52,525 ______40,602 Total non-current liabilities ______152,525 ______40,602 TOTAL LIABILITIES 986,033 1,013,153 ______

NET ASSETS 12,280,247 10,710,621 ______

EQUITY Reserves 11 6,739,824 5,394,597 Retained earnings ______5,540,423 ______5,316,024

TOTAL EQUITY 12,280,247 10,710,621 ______

The accompanying notes form part of the financial statements

23 Sydney Rowing Club Limited ABN 12 000 995 746

Statement of Changes in Equity For the year ended 30 June 2017 Asset Note Retained Revaluation Earnings Reserve Total $ $ $ Balance at 1 July 2016 5,316,024 5,394,597 10,710,621 Surplus for the year 224,399 - 224,399 Other comprehensive income for the year 11 ______- 1,345,227 1,345,227 Total comprehensive income for the year ______224,399 1,345,227 1,569,626 Balance as at 30 June 2017 5,540,423 6,739,824 12,280,247 ______

Balance at 1 July 2015 4,907,633 5,394,597 10,302,230 Surplus for the year 408,391 - 408,391 Other comprehensive income for the year 11 ______- - - Total comprehensive income for the year ______408,391 - 408,391 Balance as at 30 June 2016 5,316,024 5,394,597 10,710,621 ______

Statement of Cash Flow For the year ended 30 June 2017

Note 2017 2016 $ $ Cash flows from operating activities Receipts from customers 6,255,897 5,962,350 Payments to suppliers and employees (5,505,502) (5,172,587) Interest received 2 22,318 26,271 Interest paid 3 ______(3,972) ______(8,732) Net cash from operating activities 12 ______768,741 ______807,302

Cash flows from investing activities Acquisition of plant and equipment and WIP (691,397) (669,383) Acquisition of intangible assets (5,520) (6,065) Proceeds from sale of plant and equipment 2 ______25,372 ______35,484 Net cash used in investing activities ______(671,545) ______(639,964)

Cash flows from financing activities Repayment of borrowings 10 - (100,000) Repayment of finance lease commitments 10 ______- ______(9,824) N et cash used in financing activities ______- ______(109,824)

Net increase in cash held 97,196 57,514 Cash and cash equivalents at beginning of year ______422,444 ______364,930 Cash and cash equivalents at end of financial year 5 519,640 422,444

The accompanying notes form part of the financial statements

24 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements For the year ended 30 June 2017

NOTE 1 STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial statements are for Sydney Rowing Club Limited as an individual entity (the company). Sydney Rowing Club Limited is a company limited by guarantee, incorporated and domiciled in Australia. The company is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards. The presentation currency is Australian dollars. The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. New or amended Accounting Standards and Interpretations adopted The company has adopted all of the new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. Basis of Preparation These general purpose financial statements have been prepared in accordance with Australian Accounting Standards - Reduced Disclosure Requirements and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) and the Corporations Act 2001, as appropriate for not-for-profit oriented entities. The financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar. The directors have the power to amend and revise the financial statements. The financial statements were authorised for issue on 31 July 2017 by the directors of the company. (a) Income Tax No provision for income tax has been raised as the company is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997. (b) Leases Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the company are classified as finance leases. Finance leases are capitalised, recording an asset and a liability to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives where it is likely that the company will obtain ownership of the asset. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments for operating leases, where substantially all of the risks and benefits remain with the lessor, are charged as expenses on a straight line basis over the lease term. (c) Goods and Services Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office (ATO). Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables or payables in the statement of financial position. Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to, the ATO are presented as operating cash flows included in receipts from customers or payments to suppliers. (d) Critical accounting estimates and judgements The preparation of the financial statements requires the use of certain accounting estimates. It also requirements management to exercise its judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgment or complexity are detailed below. The directors evaluate estimates and judgments incorporated into the financial statement based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the company. The resulting accounting judgments and estimates will seldom equal the actual results. Valuation The Company’s freehold land and building were independently valued at 6 July 2017 by Preston Rowe Paterson. The valuation was based on the fair value using the value per square metre of land and the current replacement costs. The

25 Sydney Rowing Club Limited ABN 12 000 995 746 Notes to the Financial Statements (continued) For the year ended 30 June 2017

critical assumptions adopted in determining the valuation included the location of the land and buildings, the current strong demand for land and buildings in the area and recent sales data for similar properties. Depreciation The company determines the estimated useful lives and related depreciation and amortisation charges for its property, plant and equipment and finite life intangible assets. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation and amortisation charge will increase where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down. Employee benefits provision The liability for employee benefits expected to be settled more than 12 months from the reporting date are recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees at the reporting date. In determining the present value of the liability, estimates of attrition rates and pay increases through promotion and inflation have been taken into account. 2017 2016 $ $ NOTE 2 REVENUE AND OTHER INCOME Revenue Revenue from club operations: Bar sales 3,246,359 3,309,204 Poker machine revenue 1,230,879 1,244,092 Mercery sales 7,246 4,048 Keno commission 14,745 19,438 Catering fee and function income 665,877 638,425 Membership subscriptions 317,722 329,568 Fundraising income ______41,485 ______34,843 Total revenue 5,524,313 5,579,618 ______

Other income Interest 22,318 26,271 Net gain on disposal of plant and equipment 25,372 35,484 Other ______14,740 ______9,050 Total other income 62,430 70,805

Accounting Policy Revenue is recognised when it is probable that the economic benefit will flow to the company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable. Revenue from rendering of a service is recognised upon the delivery of services to the customers. Revenue from the sales of goods is recognised upon delivery of goods to the customers. Revenue from gaming activities is recognised net of winnings paid out to the customers. Membership subscriptions run from 1 July to 30 June. Only those membership subscriptions that are attributable to the current financial year are brought to account as income. Subscriptions relating to periods beyond the current financial year are shown in the statement of financial position as income in advance. Life time members one-off subscription is recognised in the year received. Donations and bequests are recognised as revenue when received. Interest revenue is recognised using the effective interest rate method, which for floating rate financial rates is the rate inherent in the investment. All revenue is stated net of the amount of goods and services tax (GST).

26 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

2017 2016 $ $ NOTE 3 EXPENSES Other bank charges 24,472 15,662 Interest paid – non related parties ______3,972 ______8,732 Total borrowing cost ______28,444 ______24,394 Superannuation – defined contributions 168,269 166,183 NOTE 4 AUDITOR’S REMUNERATION Remuneration of the auditor for: Auditing the financial statement 26,900 26,200 Other assurance services ______4,350 ______4,260 Total auditor’s remuneration 31,250 30,460 NOTE 5 CASH AND CASH EQUIVALENTS Cash at bank and on hand 221,124 211,190 Short term bank deposits ______298,516 ______205,172 Total cash and cash equivalents 519,640 422,444

Accounting Policy Cash and cash equivalents include cash on hand, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less, and bank overdrafts. NOTE 6 TRADE RECEIVABLES AND OTHER ASSETS CURRENT Trade receivables 57,271 140,212 Prepayments 93,833 109,366 Other debtors ______6,428 ______2,421 157,532 251,999 Less: prepayments ______(93,833) ______(109,366) Financial asset (refer to note 15) 63,699 142,633

Accounting Policy Receivables are recognised at amortised costs, less any provision for impairment.

Provision for impairment of receivables Current trade receivables are generally on 30-day terms. These receivables are assessed for recoverability and a provision for impairment is recognised when there is objective evidence that an individual trade receivable is impaired. These amounts have been included in other expense items. Whilst $1,057 (2016: $6,860) is older than 90 days, there is no provision for impairment as at 30 June 2017 (2016: Nil).

27 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

2017 2016 $ $ NOTE 7 PROPERTY, PLANT AND EQUIPMENT Land and Building – Core Property Land and building – at fair value 10,670,000 9,100,000 Additions ______- ______283,252 10,670,000 9,383,252 Less: accumulated depreciation (375,869) (240,256) Reversal of accumulated depreciation – fair value adjustment ______375,869 ______10,670,000 9,142,996 Plant and Equipment Plant and equipment – at cost 4,131,945 3,915,027 Less: accumulated depreciation ______(2,565,200) ______(2,345,533) 1,566,745 1,569,494 Leased Assets Capitalised leased plant and equipment 550,337 789,189 Less: accumulated depreciation ______(424,878) ______(646,529) ______125,459 ______142,660 Total property, plant and equipment ______12,362,204 ______10,855,150

Movements in carrying amounts Land and Plant and Leased Plant Buildings Equipment & Equipment Total $ $ $ $ Balance at the beginning of the year 9,142,996 1,569,494 142,660 10,855,150 Additions 317,390 364,030 - 681,420 Disposals - (125,178) (238,852) (364,030) Gain on revaluation of land and buildings 1,345,227 - - 1,345,227 Depreciation expense (135,613) (360,528) (14,207) (510,348) Depreciation recovered on disposal ______- 118,927 235,858 354,785 Balance at the end of the year ______10,670,000 1,566,745 125,459 12,362,204

28 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

Accounting Policy Property Freehold land and buildings are shown at their fair value, based on periodic valuations by external independent valuers, less subsequent depreciation for buildings. It is the policy of the Company to have an independent valuation every three years, with annual appraisals being made by the directors. Increases in the carrying amount arising on revaluation of land and buildings are recognised in other comprehensive income and accumulated in the revaluation surplus in equity. Decreases that offset previous increases of the same classes of assets shall be recognised in other comprehensive income under the heading revaluation surplus. All other decreases are charged to the statement of profit or loss and other comprehensive income. When revalued assets are sold, amounts included in the revaluation reserve relating to that asset are transferred to retained earnings. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Plant and equipment Plant and equipment is stated at historical cost less accumulated depreciation and impairment. Historical cost includes expenditure that is directly attributable to the acquisition of the items. The residual values, useful lives and depreciation methods are reviewed by the directors, and adjusted if appropriate, at each reporting date. An assets value is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. An item of property, plant and equipment is derecognised upon disposal or when there is no future economic benefit to the Company. Gains and losses between the carrying amount and the disposal proceeds are taken to profit or loss. Gains and losses on disposals are determined by comparing proceeds with the carrying amount. These gains or losses are included in the statement of comprehensive income. Depreciation Depreciation is calculated to write off the net cost of each item of property, plant and equipment (excluding land) over their expected useful lives as follows:

Class of fixed asset Depreciation rate Depreciation method Buildings 2% Straight line Plant and equipment 5% - 40% Diminishing value and straight line

Valuation The basis of the valuation of land and building is fair value and any additions to the building since the last valuation is valued at cost (see above note on page 16 for the split). Land and buildings are independently revalued every three years. Values are based on an active market value or depreciated replacement value and are performed by a registered independent valuer. The valuation was performed on 6 July 2017 by Preston Rowe Paterson Pty Limited. The valuation of the land and building was for $10,670,000, split as $5,744,130 for land and $4,927,268 for the building. The fair value increase has been recorded through the statement of comprehensive income. Fair value measurement When an asset or liability, financial or non-financial, is measured at fair value for recognition or disclosure purposes, the fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; and assumes that the transaction will take place either: in the principle market; or in the absence of a principal market, in the most advantageous market. Fair value hierarchy AASB 13 requires fair value measurement to be recognised using the following fair value measurement hierarchy: • Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities • Level 2: Inputs other than quote prices included within level 1 that are observable for the asset or liability either directly or indirectly • Level 3: Unobservable inputs for assets and liabilities

29 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

The following table presents the Company’s assets measured and recognised at fair value at 30 June 2017. There are no liabilities recorded in the table below as no liabilities are recognised at fair value.

Level 1 Level 2 Level 3 Total $ $ $ $ At 30 June 2017 Land and buildings ______- - 10,670,000 10,670,000

At 30 June 2016 Land and buildings ______- - 9,100,000 9,100,000

There were no transfers between levels during the financial year.

Valuation techniques used to derive level 2 and level 3 fair values i) Recurring fair value measurements The fair value of the land and building is determined using valuation techniques assuming that it is not traded in an active market. The valuation techniques maximise the use of observable market data where it is available and rely as little as possible on entity specific estimates. If all significant inputs required to fair value an asset are observable then it is included in level 2. If one of more of the significant inputs is not based on observable market date, the asset is included in level 3. Fair value measurements using significant unobservable inputs (level 3) The following table summarises the quantitative information about the significant unobservable inputs used in level 3 fair value measurements:

Description Fair value Unobservable Rating on input Relationship of at 30 June 2017 inputs (probability unobservable weighted average) input to fair value

Land $5,744,130 Estimated value $375 to $1,143 per Zoning of “private per square metres SQM recreational area”

Discount rate 26% to 46% The higher the discount rate, the lower the fair value.

Building $4,927,268 Estimated current $10,875,900 The higher the replacement costs estimated costs the lower the fair value.

Discount rate 30% to 90% The higher the discount rate, the lower the fair value.

i) Valuation process in a year when no external valuation is performed During the period between independent valuation reports, the directors review the carrying amount of the land and building, the market conditions, the current and future capital expenditure, together with the latest independent valuation to determine whether the value recorded is appropriate. Additionally, the directors assess whether there are any indications of impairment.

30 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

2017 2016 $ $ NOTE 8 TRADE AND OTHER PAYABLES CURRENT Trade payables 119,703 221,700 GST clearing account 76,745 61,627 Accruals 107,094 58,516 PAYG withholding 35,141 33,978 Other creditors ______27,123 ______18,619 ______365,806 ______394,440

Member subscriptions in advance 263,132 257,886

Accounting Policy Trade and other payables represent the liabilities for goods and services received by the company during the reporting period that remain unpaid at the end of the reporting period. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability. Member subscriptions in advance relate to subscriptions received from members as at 30 June 2017, for services that will be delivered in future financial years. These amounts are deferred to the period in which the income relates.

NOTE 9 PROVISIONS CURRENT Provision for employee benefits: annual leave 153,499 172,527 Provision for employee benefits: long service leave ______51,071 ______47,698 ______204,570 ______220,225 NON CURRENT Provision for employee benefits: long service leave ______52,525 ______40,602 Total employee benefits ______257,095 ______260,827

Accounting Policy

Short-term employee benefits Liabilities for wages and salaries, including non-monetary benefits, annual leave and long service leave expected to be settled wholly within 12 months of the reporting date are measured at the amounts expected to be paid when the liabilities are settled.

Other long-term employee benefits The liability for annual leave and long service leave not expected to be settled within 12 months of the reporting date are measured at the present value of expected future payments to be made in respect of services provided by employees up to the reporting date using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the reporting date on national government bonds with terms to maturity and currency that match, as closely as possible, the estimated future cash outflows.

31 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

2017 2016 $ $ NOTE 10 INTEREST BEARING LIABILITIES CURRENT Mortgage loan - 100,000 NON CURRENT Mortgage loan ______100,000 ______- Total interest bearing liabilities ______100,000 ______100,000

Accounting Policy The company has a mortgage loan agreement with a bank. The mortgage loan has a limit of $1,700,000 and matures on 30 June 2020. The loan is secured by all assets of the company. Loans and borrowings are initially recognised at the fair value of the consideration received, net of transaction costs. They are subsequently measured at amortised cost using the effective interest method. Where there is an unconditional right to defer settlement of the liability for at least 12 months after the reporting date, the loans or borrowings are classified as non-current.

NOTE 11 RESERVES Opening balance 5,394,597 5,394,597 Asset revaluation – other comprehensive income ______1,345,227 ______- Closing balance ______6,739,824 ______5,394,597

The asset revaluation reserve records the revaluation of non-current assets and this has been disclosed in changes of equity and recorded in other comprehensive income.

NOTE 12 CASH FLOW INFORMATION Reconciliation of cash flows from operations with surplus Net surplus for the year ______224,399 ______408,391 Non cash flows: - Depreciation 512,765 455,541 - Net loss/(gain) on disposal of property, plant and equipment (25,372) (35,484)

Changes in assets and liabilities: - (Increase)/decrease in trade and other receivables 94,465 (72,768) - (Increase)/decrease in inventories (10,398) (38,836) - Increase/(decrease) in trade and other payables (23,388) 80,720 - Increase/(decrease) in provisions ______(3,730) ______9,738 ______768,741 ______807,302

32 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For the year ended 30 June 2017

NOTE 13 COMPANY LIMITED BY GUARANTEE Sydney Rowing Club Limited is a company limited by guarantee with the liability of members limited to the amount set out in the company’s constitution. The amount of the guarantee is limited to such amount as may be required not exceeding two dollars ($2). The guarantee is not capable of being called up except for the purpose of winding up of the company.

NOTE 14 CONTINGENT LIABILITIES AND ASSETS There are no contingent liabilities or contingent assets to report at 30 June 2017 (2016: nil).

NOTE 15 FINANCIAL RISK MANAGEMENT The company’s financial instruments consist mainly of deposits with banks, accounts receivable and payable, leases, and bank loan. The totals for each category of financial instruments, measured in accordance with AASB 139 as detailed in the accounting policies to these financial statements, are as follows: Note 2017 2016 $ $ Financial assets Cash and cash equivalents 5 519,640 422,444 Trade and other receivables 6 ______63,699 ______142,633 Total financial assets 583,339 565,076 ______

Financial liabilities Financial liabilities at amortised cost: - Trade and other payables 8 365,806 394,440 - Interest bearing liabilities 10 ______100,000 ______100,000 Total financial liabilities 465,806 494,440 ______

NOTE 16 OPERATING AND CAPITAL COMMITMENTS a. Leases as lessee Non-cancellable operating lease rentals are payable as follows: Payable Less than one year 18,386 18,161 Between one and five years 73,847 72,643 Greater than five years ______281,540 ______276,950 373,773 367,754 ______

The operating leases include a non-cancellable lease from NSW Maritime commenced on October 2011 with a 25 year term and rent payable quarterly in advance. Rent reviews occur annually and are based on CPI.

b. Capital commitments There has been no capital expenditure contracted for at the reporting date but not recognised at the balance sheet date.

33 Sydney Rowing Club Limited ABN 12 000 995 746

Notes to the Financial Statements (continued) For Year Ended 30 June 2016

2017 2016 $ $ NOTE 17 RELATED PARTY TRANSCATIONS Transaction with related parties: Director, Kendall Brodie, has been awarded a QL Deloitte Scholarship 566 2,342 Director, Susanne Thiebe’s son, Max Brenner, is an athlete who has been awarded a QL Deloitte Scholarship. 2,493 1,000 Directors are members of the Sydney Rowing Club Limited and transactions between them and the company are on normal commercial terms, and conditions no more favourable than those available to other parties unless otherwise stated. No director of the company has received or become entitled to receive a benefit by reason of a contract made by the company or a related corporation with a director or with a firm of which they are members, or with a company in which they have a substantial financial interest.

NOTE 18 KEY MANAGEMENT PERSONNEL Total remuneration of key management personnel. 738,529 692,409 ______

NOTE 19 AFTER BALANCE SHEET DATE EVENTS There have been no other matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the company, the results of those operations, or the state of affairs of the company in future financial years.

NOTE 20 COMPANY DETAILS The registered office of the company is: Sydney Rowing Club Limited 613 Great North Road Abbotsford NSW 2046

Directors’ Declaration

The directors of the company declare that: 1 The financial statements and notes, as set out on pages 22 to 34, are in accordance with the Corporations Act 2001 and: (a) comply with Accounting Standards and the Corporations Regulations 2001; and (b) give a true and fair view of the financial position as at 30 June 2017 and of the performance for the year ended on that date of the Company. 2 In the directors’ opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. This report is signed in accordance with a resolution of the Board of Directors:

K. E. JAMESON S. TURNER Director Director

Dated this 31st day of July 2017 34 Sydney Rowing Club Limited ABN 12 000 995 746

35 Sydney Rowing Club Limited ABN 12 000 995 746

36 Sydney Rowing Club Limited ABN 12 000 995 746

37 Sydney Rowing Club Limited ABN 12 000 995 746

Schedules to support the Statement of Profit and Loss

Schedule 2017 2016 $ $ Surplus on bar trading 1 1,118,783 1,123,291 Net income from poker machines 2 545,108 565,232 Catering and function income 665,877 634,334 Interest received 3,441 5,378 Net income from Keno 9,970 14,713 Other income ______38,139 ______41,606 2,381,318 2,384,554 Less: Administration expenses 3 675,057 665,409 Club house and grounds expenses 4 1,046,533 979,182 Dining room expenses 5 9,180 10,739 Financial expenses 6 9,567 3,501 Other expenses ______181 ______602 ______1,740,518 ______1,659,433 Surplus from club house operations 640,800 725,121

Add: Members subscriptions 317,722 329,568 Donations and sponsorship ______- ______- ______317,722 ______329,568

Less: Net rowing expenses 7 ______(734,971) ______(642,675)

Add / (less): Net income from events & fundraising 8 ______848 ______(3,623)

Operating surplus ______224,399 ______408,391

38 Sydney Rowing Club Limited ABN 12 000 995 746

Schedules to support the Statement of Profit and Loss

2017 2016 $ $ SCHEDULE 1. Bar Trading Sales 3,246,359 3,309,204 Cost of sales ______(825,476) ______(862,270) Gross surplus ______2,420,883 ______2,446,934 Expenses Bar wages and payroll costs 1,253,381 1,277,591 Depreciation 2,218 903 Glass and bar consumables 39,045 35,634 Other ______7,456 ______9,514 T otal expenses ______1,302,100 ______1,323,643 Surplus on bar trading ______1,118,783 ______1,123,291

SCHEDULE 2. Poker Machine Results Receipts 1,335,046 1,349,603 Less: GST collected ______(121,347) ______(122,691) 1,213,699 1,226,912 OLGR rebate income ______17,180 ______17,180 Total income 1,230,879 1,244,092 Expenses Depreciation 102,197 69,393 Duty 93,798 97,701 Monitoring 21,353 20,765 Promotions 238,401 225,365 Repairs and maintenance 17,497 15,386 Sundries 26,885 59,262 Wages ______185,640 ______190,988 T otal expenses ______685,771 ______678,860 Net income from poker machines ______545,108 ______565,232

SCHEDULE 3. Administration Accounting, computer and audit fees 76,801 69,318 Depreciation 40,598 41,417 Consulting and legal expenses 2,456 8,915 Directors expenses 11,089 11,676 Donations 5,089 5,428 Printing, postage and stationery 43,691 55,418 Repairs and maintenance 1,349 2,364 Salaries, wages and payroll costs 433,264 405,395 Sundries 37,220 43,011 Telephone 14,960 16,631 V ehicle costs ______8,540 ______5,836 Administration expenses ______675,057 ______665,409

39 Sydney Rowing Club Limited ABN 12 000 995 746

Schedules to support the Statement of Profit and Loss

2017 2016 $ $ SCHEDULE 4. Club House and Grounds Expenses Advertising 6,926 6,801 Cleaning 130,800 131,667 Depreciation 273,498 246,108 Electricity and gas 142,978 139,469 Entertainment 102,125 102,606 Insurance 44,096 41,091 Leases 18,386 16,932 Promotions 53,090 73,045 Rates 42,045 44,808 Repairs and maintenance 97,138 82,302 Security 100,533 96,027 Sesquicentennial anniversary 25,000 - Sundries ______9,918 ______(1,674) Club house and grounds expenses ______1,046,533 ______979,182

SCHEDULE 5. Dining Room Expenses Depreciation ______9,180 ______10,739 Dining room expenses ______9,180 ______10,739

SCHEDULE 6. Financial Expenses Bank charges 5,595 (5,231) Interest paid ______3,972 ______8,732 Financial expenses ______9,567 ______3,501

SCHEDULE 7. Rowing Expenses NSWRA fees and levies 8,832 7,517 Coaching expenses 466,181 426,008 Depreciation 82,657 87,726 Insurance 17,882 15,686 Training and competition expenses 73,343 80,717 Repairs and maintenance Boat fleet 14,643 14,518 Boat house 89,400 15,042 Sundries 21,430 20,373 Other 10,076 10,088 Rowing Australia elite club funding ______(49,473) ______(35,000) Net rowing expenses ______734,971 ______642,675

SCHEDULE 8. Net income from Events and Fundraising Revenue 41,485 34,843 Disbursements to athletes ______(40,637) ______(38,466) N et income from events and fundraising ______848 ______(3,623)

40 SYDNEY ROWING CLUB ANNUAL REPORT 2017

SRC Winning the Riverview Gold Cup 2017

Champion Men’s Coxed Four of Australia: Chris Morgan, Will O’Connell, Charlie Patterson, Ed White, George Davis.

Winners of the Riverview Gold Cup 2017: Jason Baker, Lachlan Carter, Don Cech (Coaches), Tom Barnes, Alex Lloyd, Nathan Bowden, Kendall Brodie, Chris Morgan, Will Champion Women’s Under 21 Double of Australia: O’Connell, Charlie Patterson, Scott Woodward, Ed White. Romula Davenport, Harriet Hudson.

41 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Women’s Four, Henley Women’s Regatta 2017: Emily Partridge, Candice Williams, Susie Dear, Maddy Farrar.

Composite Junior Women’s Quad, Henley Women’s Regatta 2017: India Thomson (Pymble), Hillary Ballinger (Somerville House), Laura Chancellor (Somerville), and Ella Hudson (SRC). 42 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Wyfold Cup Four, Henley Royal Regatta 2017: Max Brenner, Clinton Boltman, Jack Quinn, Nick Clifton.

Britannia Cup Four, Henley Royal Regatta 2017: Charlie Nicholas (Cox), Alex Nichol, Michael Bernerius, Will O’Connell, Charlie Patterson. 43 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Champion Women’s Under 19 Coxed Four of NSW: Lauren Graham, Ella Hudson, Pippy Wiseman, Lauren Lyon (LRC), Georgia Bradley.

Men’s Under 19 Quad: Evan Wang, Alex Migdalias, Tal Lewis, John Bivell.

Men’s Under 23 Pair: Tom Barnes, Charlie Patterson.

44 SYDNEY ROWING CLUB ANNUAL REPORT 2017

WINNING CREWS Regatta Season 2016-2017

NEWCASTLE UNI PRE-IV – 10 SEPTEMBER 2016 Men’s C/D Grade Single Scull Tal Lewis, Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C/D Grade Single Scull Benedict Brenner, Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C/D Grade Single Scull John Bivell, Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C/D Grade Quad Sculls Jason Huang, Alexander Migdalias, Tal Lewis, Luke Stait| Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s Open Coxed Four Kurtis Aroney, Tom McMahon, Joe McMahon, Paul Coates Cox: Sara McDonald, Coach: Paul Coates

HENLEY ON HUNTER – 11 SEPTEMBER 2016 Men’s Open Coxed Four Luke Stait, Kurtis Aroney, Paul Coates (Composite) Coaches: Paul Coates, Hugh McLeod, Kurtis Aroney Women’s Under 17 Double Scull Deborah Prospero, Sara McDonald Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Under 17 Single Scull Deborah Prospero, Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s Under 19 Quad Scull Alexander Migdalias (Composite) Coach: Peter Bond Women’s Under 17 Quad Scull Deborah Prospero (Composite)

NEPEAN ROWING CLUB – 24 SEPTEMBER 2016 Men’s Open Double Scull Angus Moore, Spencer Turrin Women’s Masters Double Scull Fiona Martin, Deborah Church Coach: Ken Ambler Men’s C Grade Coxed Four Paul Coates, Phil Coates, Joe McMahon, Tom McMahon Cox: Benedict Brenner, Coach: Paul Coates Women’s Masters Single Scull Fiona Martin, Coach: Ken Ambler Women’s Masters Quad Scull Fiona Martin, Deborah Church, Kaye Smythe, Dorothy De George

RNSW SPRING REGATTA – 15 OCTOBER 2016 Men’s C Grade Double Scull Michael Ritchie, Lucas Giles Coach: Lachlan Carter Men’s Open Coxless Four Angus Moore, Charlie Patterson, Spencer Turrin, Nathan Bowden Coach: Donovan Cech Women’s Open Quad Scull Bianca Riley, Leah Saunders, Georgia Bradley, Brianna Caputo Coach: Lachlan Carter Men’s Open Eight Dylan Boakes, Nicholas Clifton, Spencer Turrin, Charlie Patterson, Angus Moore, Nathan Bowden, Edward White, Alexander Lloyd Cox: Millicent Cheetham, Coach: Donovan Cech Men’s Open Double Scull Angus Moore, Spencer Turrin Coach: Donovan Cech Women’s Open Coxless Four Lara Campbell, Harriet Hudson, Candice Williams, Emily Partridge Coach: Lachlan Carter

SYDNEY GIRLS HIGH SCHOOL REGATTA – 26 NOVEMBER 2016 Schoolgirl Year 8 Double Scull Genevieve Bivell, Isabel Lucraft Coach: Paul Coates

HEAD OF THE YARRA – 26 NOVEMBER 2016 Men’s Masters D Eight Ken Rikard-Bell, Rick Martin, Stuart Cowap, Roger Brighton, David Greenslade, Steve Graham, Rob McNeill, Michael Davies Cox: Scott Trayhurn, Coach: Stephen Handley Mixed Masters Eight Dylan Boakes, Emily Partridge, Candice Williams, Harriet Hudson, Max Brenner, Rob Wells, Will O’Connell, Susie Dear Cox: Pippy Wiseman

RNSW REINDEER REGATTA – 3 DECEMBER 2016 Women’s Open Single Scull Leah Saunders, Coach: Lachlan Carter Men’s Open Coxless Pair Edward White, Nathan Bowden, Coach: Donovan Cech 45 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Women’s Under 21 Single Scull Harriet Hudson, Coach: Lachlan Carter Men’s D Grade Quad Sculls Alexander Migdalias, Benedict Brenner, Oscar Gullickson, Jason Huang Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Masters Single Scull Fiona Martin Men’s Masters Pair Martin Little, Charles Lloyd Jones Men’s Masters Pair David Greenslade, Roger Brighton Coach: Stephen Handley Women’s Masters Quad Scull Kirsten Liljeqvist, Fiona Martin, Deborah Church, Dorothy De George Men’s Masters Eight Ken Rikard-Bell, Richard Martin, Stuart Cowap, Roger Brighton, David Greenslade, Stephen Graham, Robert McNeill, Michael Davies Cox: Scott Trayhurn, Coach: Stephen Handley Women’s Open Pair Leah Saunders (Composite) Coaches: Lachlan Carter, Ellen Randell, David Gely Men’s Masters Coxless Four Ken Rikard-Bell, Stephen Graham, Robert McNeill, Michael Davies Coach: Stephen Handley Women’s Masters Double Scull Fiona Martin, Deborah Church Men’s Under 21 Double Scull Max Duignan, Max Brenner Coach: Lachlan Carter Women’s Open Coxless Four Candice Williams, Emily Partridge, Leah Saunders, Susannah Dear Coach: Lachlan Carter Men’s B Grade Quad Scull Dylan Boakes, Nicholas Clifton, Max Brenner, Max Duignan Coaches: Jason Baker, Lachlan Carter Women’s Masters Eight Deborah Church, Fiona Martin, Kirsten Liljeqvist (Composite) Coaches: Robert Glendenning, Phillip Titterton

NSW SPRINT CHAMPIONSHIPS – 14 DECEMBER 2016 Men’s Under 21 Single Scull Lucas Giles, Coach: Lachlan Carter Men’s Lightweight Coxless Pair Luke Stait, Cristian Pezo Coaches: Paul Coates, Luke Stait

TAREE SUMMER REGATTA – 13 TO 15 JANUARY 2017 Men’s D Grade Double Scull Aaron Winata, Richard Quach Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s D Grade Double Scull William Ma, Jason Huang Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s D Grade Double Scull Tal Lewis, Benedict Brenner Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s C Grade Quad Scull Georgia Duggan, Deborah Prospero, Sara McDonald, Doris Doyle Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C Grade Quad Scull John Bivell, Cristian Pezo, Jason Huang, Tal Lewis Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Under 16 Single Scull Caitlin McManus-Barrett Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s Masters Eight Ken Ambler, Andrew Goldstein, Paul Coates, Richard Martin, Ken Rikard-Bell, Carl Quitzau, David Greenslade, Roger Brighton Cox: Scott Trayhurn Coach: Stephen Handley Men’s Masters Single Scull Carl Quitzau Men’s Masters Single Scull Ken Ambler Men’s D Grade Single Scull Andrew Li, Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Under 19 Single Scull Deborah Prospero Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Masters Quad Scull Dorothy De George, Deborah Church, Vivienne King, Fiona Martin Men’s Masters Pair David Greenslade, Roger Brighton Coach: Stephen Handley Men’s B Grade Double Scull Luke Stait, Andrew Goldstein, Coach: Paul Coates Men’s D Grade Quad Scull John Bivell, Benedict Brenner, Jason Huang, Tal Lewis Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s Masters Double Scull David Greenslade, Roger Brighton Coach: Stephen Handley Women’s D Grade Quad Scull Kisha Chabo, Caitlin McManus-Barrett, Doris Doyle, Sara McDonald Coaches: Luke Stait, Paul Coates, Sean Madeley

46 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Women’s Under 16 Double Scull Caitlin McManus-Barrett, Doris Doyle Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s Masters Coxless Four Ken Rikard-Bell, Richard Martin, David Greenslade, Roger Brighton Coach: Stephen Handley Women’s B Grade Quad Scull Kisha Chabo, Caitlin McManus-Barrett, Doris Doyle, Sara McDonald Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Masters Single Scull Fiona Martin Women’s D Grade Single Scull Kisha Chabo Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C Grade Double Scull Richard Quach, Aaron Winata Coaches: Luke Stait, Paul Coates, Sean Madeley Women’s Under 19 Double Scull Georgia Duggan, Deborah Prospero Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s Masters Quad Scull Richard Martin, David Greenslade, Carl Quitzau, Roger Brighton Coach: Stephen Handley Men’s C Grade Single Scull Carl Quitzau Women’s Masters Double Scull Deborah Church, Fiona Martin

RNSW SMALL BOATS REGATTA – 28 JANUARY 2017 Women’s Masters Single Scull Fiona Martin Coach: Ken Ambler Men’s Under 23 Double Scull Dylan Boakes, Nicholas Clifton Coach: Jason Baker Women’s Under 21 Single Scull Georgia Bradley Coach: Lachlan Carter Men’s Under 23 Single Scull Charlie Patterson Coaches: Donovan Cech, Jason Baker Men’s Elite Pair Edward White, Nathan Bowden Coach: Donovan Cech Women’s Masters Double Scull Kaye Smythe, Dorothy De George Men’s Under 21 Double Scull Jake Brighton, Lucas Giles Coaches: Lachlan Carter, Jason Baker Women’s Elite Double Scull Harriet Hudson (Composite) Coaches: Andrew Randell, Lachlan Carter, Donovan Cech

NSW ROWING CHAMPIONSHIPS – 10 TO 12 FEBRUARY 2017 Women’s Under 23 Single Scull Harriet Hudson Coaches: Lachlan Carter, Donovan Cech Men’s Elite Pair Spencer Turrin (Composite) Coaches: , Mark Prater, Andrew Randell Women’s Under 21 Lwt Single Romola Davenport Coach: Lachlan Carter Women’s Under 19 Coxed Four Lauren Graham, Lauren Lyon (LRC), Ella Hudson, Georgia Bradley Cox: Pippy Wiseman, Coaches: Lachlan Carter, Harold Kratz, David Cameron Men’s Elite Coxless Four Angus Moore (Composite) Coaches: Ian Wright, Mark Prater, Andrew Randell Men’s Elite Coxed Four Edward White, Alexander Lloyd, Christopher Morgan, Nathan Bowden Cox: Pippy Wiseman, Coach: Donovan Cech Men’s Elite Eight Edward White, Charlie Patterson, Christopher Morgan, Nathan Bowden, Spencer Turrin, Alexander Lloyd, Angus Moore, Cox: Kendall Brodie, Coach: Donovan Cech

SYDNEY ROWING CLUB REGATTA – 25 FEBRUARY 2017 Men’s Under 23 Coxless Pair Thomas Barnes, Charlie Patterson Coach: Donovan Cech Women’s Under 19 Single Scull Lauren Lyon Coach: Lachlan Carter Women’s Under 21 Single Scull Harriet Hudson Coaches: Lachlan Carter, Donovan Cech Men’s Lightweight Single Scull Gavin Parcsi, Coach Lachlan Carter Women’s Open Eight Leah Saunders (Composite) Cox: Kendall Brodie, Coaches: John Keogh, Ellen Randell, Thomas Westgarth 47 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Men’s Open Eight Thomas Barnes (Composite) Coaches: Jason Baker, Dustyn Butler Men’s Open Coxless Four Edward White, Charlie Patterson, Thomas Barnes, Nathan Bowden Coach: Donovan Cech Women’s Open Quad Scull Leah Saunders (Composite) Coaches: John Keogh, Ellen Randell, Thomas Westgarth

RIVERVIEW GOLD CUP REGATTA – 4 MARCH 2017 Women’s B Grade Coxed Four Lauren Lyon, Susannah Dear, Emily Partridge, Tessa Mapplebeck Cox: Pippy Wiseman, Coach: Lachlan Carter Women’s Masters Eight Deborah Church (Composite) Coaches: Robert Glendenning, Phillip Titterton Women’s Invitational Single Scull Harriet Hudson, Coaches: Donovan Cech, Jason Baker, Lachlan Carter Men’s Open Eight Edward White, Christopher Morgan, William O’Connell, Charlie Patterson, Scott Woodward, Alexander Lloyd, Thomas Barnes, Nathan Bowden Cox: Kendall Brodie, Coaches: Donovan Cech, Jason Baker, Lachlan Carter

SYDNEY INTERNATIONAL ROWING REGATTA – 27 MARCH TO 2 APRIL 2017 Women’s Open Quad Scull Harriet Hudson (Composite) Women’s Under 21 Double Scull Romola Davenport, Harriet Hudson Coaches: Lachlan Carter, Donovan Cech Men’s Open Single Sculls Spencer Turrin Coaches: Ian Wright, Mark Prater, Andrew Randell Men’s Open Coxless Pair Angus Moore, Josh Hicks Coach: Donovan Cech Men’s Open Coxless Four Nathan Bowden (Composite) Coaches: Ian Wright, Mark Prater, Andrew Randell Men’s Open Coxed Four Will O’Connell, Chris Morgan, Ed White, Patterson, Cox: George Davis Coach: Donovan Cech Men’s Under 23 Coxless Four Tom Barnes, Charlie Patterson (Composite) Coaches: Donovan Cech, Simon Gadsden Women’s Open Eight Sprint Leah Saunders, Harriet Hudson (Composite) Cox: Kendall Brodie Men’s Open Eight Sprint Edward White, Nicholas Clifton, Matthew Gertenbach, Charlie Patterson, Christopher Morgan, Nathan Bowden, William O’Connell, Joshua Hicks Cox: Pippy Wiseman, Coach: Donovan Cech Club Women’s Coxless Four Candice Williams, Tessa Mapplebeck, Emily Partridge, Susie Dear Coach: Lachlan Carter Club Women’s Eight Lara Campbell, Brianna Caputo, Madison Brown, Madeleine Farrar, Candice Williams, Tessa Mapplebeck, Emily Partridge, Susie Dear Cox: Millicent Cheetham, Coach: Lachlan Carter Men’s Arms and Shoulders Single Erik Horrie Coach: Jason Baker

DRUMMOYNE REGATTA – 19 MARCH 2017 Men’s C Grade Quad Scull Evan Wang, Alexander Migdalias, Tal Lewis, John Bivell Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C Grade Double Scull Alexander Migdalias, Tal Lewis Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s D Grade Quad Scull Oscar Gullickson, Benedict Brenner, Lucas Chabo, Cristian Pezo Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C Grade Single Scull Alexander Migdalias Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s C Grade Coxless Pair Benedict Brenner, Tal Lewis Coaches: Luke Stait, Paul Coates, Sean Madeley Men’s D Grade Double Scull Evan Wang, Oscar Gullickson Coaches: Luke Stait, Paul Coates, Sean Madeley

48 SYDNEY ROWING CLUB ANNUAL REPORT 2017

DRUMMOYNE MASTERS – 26 MARCH 2017 Men’s D Single Scull Carl Quitzau Men’s E Quad Scull David Greenslade, Carl Quitzau, Richard Martin, Roger Brighton Coach: Stephen Handley Women’s F-K Double Scull Deborah Church, Fiona Martin Coach: Ken Ambler Men’s D-E Eight Carl Quitzau, Charles Lloyd Jones, Richard Martin, Ken Rikard-Bell, Martin Little, Stephen Graham, David Greenslade, Roger Brighton Cox: Scott Trayhurn, Coach: Stephen Handley Women’s F-K Single Scull Fiona Martin, Coach: Ken Ambler Men’s F-K Quad Scull Charles Lloyd Jones (Composite) Men’s E Single Scull Carl Quitzau Men’s F-K Coxless Four Charles Lloyd Jones, Geoffrey Raymond, Richard Martin, Ken Rikard-Bell Men’s F-K Double Scull Richard Martin, Geoffrey Raymond

EDWARD TRICKETT NSW GRADE CHAMPIONSHIPS – 8 TO 9 APRIL 2017 Men’s D Grade Single Scull Lucas Hempton, Coach: James Stride Men’s C Grade Single Scull Sebastian Myles, Coach: James Stride Men’s C Grade Coxless Pair Roger Brighton, David Greenslade Coach: Stephen Handley Men’s D Grade Double Scull Tal Lewis, Benedict Brenner Coaches: Luke Stait, Paul Coates, Sean Madeley

IRON COVE MASTERS – 30 APRIL 2017 Women’s F-K Single Scull Kaye Smythe Women’s A-B Quad Scull Kim Odolphi, Jennifer Edge (Composite) Men’s A-C Pair Michael Davies, Robert McNeill Coach: Stephen Handley Women’s D Quad Scull Fiona Martin (Composite) Coach: Bruce Williams Men’s F-K Double Scull Richard Martin, Geoffrey Raymond Women’s F-K Quad Scull Fiona Martin, Deborah Church, Kaye Smythe, Dorothy De George Women’s C Quad Scull Fiona Martin (Composite) Coach: Bruce Williams Women’s F-K Double Scull Kaye Smythe, Dorothy De George

NSW MASTERS CHAMPIONSHIPS – 3 MAY 2017 Women’s Masters Trial Eight Deborah Church, Jennifer Edge (Composite) Coach: Steve Sherry Women’s H Double Scull Kaye Smythe, Dorothy De George Men’s F Quad Scull Charles Lloyd Jones (Composite) Women’s A-B Eight Jennifer Edge (Composite) Women’s G Single Scull Kaye Smythe Mixed A-C Quad Scull Jennifer Edge (Composite) Men’s E Single Scull Carl Quitzau Women’s Masters Trial Quad Fiona Martin (Composite) Coach: Bruce Williams Men’s E Coxless Four Charles Lloyd Jones, Martin Little, Richard Martin, Geoffrey Raymond Mixed D-F Double Scull Kaye Smythe, Martin Little Women’s F Double Scull Fiona Martin, Deborah Church Coach: Ken Ambler Women’s H-K Quad Scull Kaye Smythe, Dorothy De George (Composite) Men’s D Double Scull Carl Quitzau (Composite)

AUSTRALIAN MASTERS ROWING CHAMPIONSHIPS – 18 TO 21 MAY 2017 Mixed Masters F - G Double Richard Martin, Fiona Martin Mixed Masters F - G Double Kaye Smythe, Geoff Raymond Men’s Masters E Single Carl Quitzau Women’s Masters F Single Fiona Martin Coach: Ken Ambler 49 SYDNEY ROWING CLUB ANNUAL REPORT 2017

SYDNEY ROWING CLUB SOCIAL GOLF EVENTS AND FUNDRAISING CLUB Our major fundraising activity this season was for the club’s The social golf club continues to attract new members and we crews travelling to Henley Women’s Regatta and Henley Royal welcome any enquires from members of the Sydney Rowing Club Regatta in the United Kingdom, and Holland Beker Regatta in who would like to join the golf club. Amsterdam. Athletes and parents formed the majority of the fundraising committee. With the women’s crews needing to The Phyllis Gilmore Club Championship Trophy for 2016 was a depart early, we ran two functions – a barbecue just prior to the closely fought contest won by Jeff Ackland scoring 99 stableford women’s crews’ departure, and the traditional Henley fundraiser points over the three championship rounds at Boomerang, just before the men’s crews departed. Once again there was a Woodville and Blackheath Golf Clubs. The runner-up for 2016 wonderful variety of raffle items, and loud and silent auction was one of our lady members, Debra Adams, with 98 stableford items. Over the two functions, generous supporters contributed points. $35,000 towards the team’s expenses. The Alf McBurney Trophy for 2016 was won by Ken Porter with We joined forces with the NSW Rowing community for a 151 points, with Neil Clarke the runner-up scoring 144 points. fundraiser to help support the NSW members in the Australian The Most Improved Golfer award went to Alfie Di Bello, the teams for the 2017 World Rowing Under 23 Championships, Graham Thomas Encouragement Award went to David Smith the World Rowing Junior Championships, and the Trans-Tasman and the Captain’s Birdie Trophy was won by Alfie Di Bello with Under 21 Series. This year we hosted the fundraiser at Sydney three birdies. We also had Richard Yarad achieve a hole in one at Rowing Club. Barnwell Park in December. Every week our Team SRC members can be seen in the club We held our Annual Presentation night at the Watergrill in house selling raffle tickets for a fresh seafood tray. The funds December and it was again a pleasure to welcome our some raised from the raffle go towards regatta, training and travel of our sponsors, Richard and Yolla Yarad, Ivan Meeke and Paul expenses of the athletes, and by purchasing tickets, club patrons Keating who are sponsors as well as being members. are helping our athletes to compete for the club. We thank our The winners of our point score games this year to-date are Tony members and guests for their generous support. Dyer, Peter Carolan, Jeff Carpenter, Matt Lincoln and Neil Clarke. Our social team events this year have been won by Jeff Carpenter and Warren Partington (Canadian Foursomes) and Matt Lincoln MARKETING AND COMMUNICATIONS and Matt Hawkesleye (Ambrose). The Marketing and Communications Committee is responsible Our annual Billy Bolger Match Play Challenge event was again for the Rowing Club’s social media: Facebook (www.facebook. a great day at the Boomerang Golf Club on Sunday 12 March com/SydneyRowing), Twitter (@sydrowingclub), Instagram (@ 2017. The Chairman’s team just defeated the Captain’s team six sydrowing), YouTube, Flickr photo sharing site (Sydney Rowing matches to five. Club) and e-newsletter The Catch. Subscribe here: http:// Our club is ably supported by our Committee members, sydneyrowingclub.com.au/Rowing/src-the-catch.php. Chairman Linda Watt-Smith, Secretary Peter Carolan, Treasurer The club uses social media extensively to promote our rowing Jim Riccord, Captain Norman Gilmore, Handicapper Mark program and the athletes and coaches. Various platforms are Stephens, Social Secretary Tony Dyer and Assistant Social used to inform and engage with the Sydney Rowing Club Secretary Rick Seymour. Our thanks also to our regular chefs community and wider rowing audience. The Committee have Neil Clarke and Paul Keating and the ladies who assist with the been working on increasing the number of subscribers and barbecues after our games. building content interaction with our audience. We especially thank the Sydney Rowing Club for their ongoing These platforms give users a good snapshot of the essence of support and sponsorship of our social golf club. Our members the club as well as a place to keep up to date with all that is particularly enjoy the after-game barbecues, drinks and prize happening locally and internationally for SRC. The content from presentations back at the Club after our games. these accounts is accessed by local users and by an international We would like to thank the members of Sydney Rowing Club for audience. helping to spread the Sydney Rowing Club brand and their continued generous support of our Saturday meat raffles, the winning reputation of the club worldwide. This is evidenced and our other sponsors Ambassador Trophies, Basket Case by the high volume of traffic and interaction with our content Laundrette, Dedes Restaurant, Ivan Meeke, John and Barbara that also gets shared by other users and accounts all over the Langley, Lock Stock & Bottle Abbotsford, Paul Keating and world, widening the audience and exposure of our successful Richard Yarad all of whom make the day even more enjoyable for program. the golfers. Kendall Brodie Linda Watt-Smith Chairman, Sydney Rowing Club Social Golf Club

50 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Mixed Eight at the Taree Regatta 2017: Tal Lewis, Jason Huang, Ben Brenner, Deborah Prospero, Sara McDonald, Doris Doyle, Caitlin McManus-Barret, Scott Trayhurn and John Bivell

Champion Women’s Masters F Sculler of Australia: Fiona Martin.

51 SYDNEY ROWING CLUB ANNUAL REPORT 2017

Masters Men’s Eight at the Head of the Yarra

Masters Rowing An enthusiastic and capable group continue to train regularly and compete with great success in Masters events for SRC. The men opened their account this season with a convincing win at the Head of the Parramatta in a field of 10 boats, perhaps an early indicator of their form leading into the Head of the Yarra. After several attempts in recent years, the SRC Men won the D-Division in 2016 which included a visit to the “Protest Room” when the crew had to stop to avoid a collision with last year’ victors, Barwon, who had been caught (in the time trial format) and refused to yield. The first half of the season finished with the Reindeer Regatta the following week where the same crew (Ken Rikard-Bell, Ric Martin, Start Cowap, Steve Graham, David Greenslade, Roger Brighton, Rob MacNeill, Mike Davies and Scott Trayhurn) were victorious against arch-rivals Mosman along with the four and pair events. At the same regatta, Deb Church and Fiona Martin won the Women’s Masters Double, teamed up with Kirsten Liljeqvist and Dorothy DeGeorge to win the Women’s Quad, and also won the eight with Kirsten in a composite crew. In January, a small but dedicated bunch competed at Taree with great success in multiple boat classes across the three days, including wins for new combinations in the Men’s and Women’s Quads. (Rick Martin, Carl Quitzau, David Greenslade, Roger Brighton and Dorothy DeGeorge, Deb Church, Vivien King and Fiona Martin respectively), coxless Four (Rikard-Bell, Martin, Greenslade and Brighton) and Fiona Martin, Ken Ambler and Carl Quitzau in singles. Attention then turned to the main goal for half the men’s squad of the World Masters Games at in New Zealand. The weather was perfect at the picturesque venue and the level of competition was very high as expected. The squad contested all boat categories admirably making several finals, with David Greenslade and Roger Brighton bringing home a Silver Medal in the Men’s D Pair. Back home, the wider Masters group contested several regattas leading up to the NSW and National Masters Championships. At the State Masters Championships, Kaye Smythe and Dorothy DeGeorge won their division in the Double, as did Fiona Martin and Deb Church again, and a new men’s combo of Charles Lloyd-Jones, Martin Little, Rick Martin and Geoff Raymond took out the E Quad. Fiona Martin won selection in the Interstate Women’s Quad which took a Bronze at the National Regatta while Deb Church and Jennifer Edge rowed in the Interstate Women’s Eight which took Silver. Well done girls! Carl Quitzau successfully defended his E Single Championship. The Men’s group would again like to thank Steve Handley and coxswain Scott Trayhurn for their continuing dedication and invaluable input on which much of our success depends. Roger Brighton

52 SYDNEY ROWING CLUB ANNUAL REPORT 2017

EQUIPMENT REPORT Erik Horrie Filippi Excellent Sgt Fred Wellisch Sykes Excellent The Club has an excellent fleet, maintained to a high Lt A C H Jackson. Sykes Excellent standard. Capt Sykes Excellent This year the club disposed of the following boat: Lt Claude Luscombe Sykes Excellent Coxless Four Michael Morgan Tess Gerrand Sykes Excellent Ray Armstrong Sykes Excellent Boats purchased: Peter Baird Sykes Excellent Coxless Four Michael Morgan Kirsten Liljeqvist Sykes Excellent Coxless Four Roger Brighton Hugh McLeod Sykes Excellent Coxless Pair Leah Saunders Carl Quitzau Sykes Excellent Racing Single Scott Woodward Martin Ward Sykes Excellent Racing Single Lachlan Carter Charles Lloyd Jones Sykes Excellent Double Sculls To be named Ken Ambler Sykes Excellent Wavecutter Training Singles (two) Paul Coates Sykes Excellent Further boat purchases are planned for the new season. Jim Goulding Sykes Excellent CLUB FLEET Simon Nola Sykes Excellent Eights: Angus Playfair Sykes Excellent Ernie Chapman Empacher Excellent Jim Stride Sykes Excellent John Coates Empacher Excellent A.J. Brown Sykes Excellent Phillip Cayzer Empacher Excellent Andrew Rowley Sykes Excellent Q L Deloitte Sykes Good Glenn Ryder Sykes Excellent Phil Cayzer Empacher Good Reg Stride Ausrowtec Fair George Parlby Ausrowtec Fair Ernie Chapman Ausrowtec Fair John Langley Ausrowtec Fair Coxless Fours/Quad Sculls: Sue Walker Ausrowtec Good Michael Morgan Empacher New Matt Long Ausrowtec Fair Roger Brighton Sykes Excellent Jim Goulding Sykes Excellent Wavecutters (2) Race1 Excellent Dallas Smith Empacher Excellent Mick Allan Empacher Excellent Motor Boats: Tony Brown Sykes Good 3.7m Quintrex Excellent Dedes Family KIRS Good 3.7m Quintrex Excellent Sydney Sykes Good 3.7m Sea Jay Good Larry Parker Sykes Fair 3.7m Sea Jay Good Dallas Smith Ausrowtec Fair 3.7m Stacer Good 3.9m Sea Jay Good Coxed Four/Quad: 3.9m Sea Jay Good Dame Eadith Walker Sykes Excellent Dale Caterson Sykes Excellent Motors: Keith Jameson Sykes Excellent 15hp 4 stroke Yamaha Excellent 15hp 4 stroke Yamaha Excellent Coxless Pairs/Double Sculls: 9.9hp 4 stroke Yamaha Excellent Double, to be named Empacher Excellent 9.9hp 4 stroke Yamaha Excellent Leah Saunders Empacher New 15hp 4 stroke Yamaha Good Chris Morgan Sykes Excellent 20hp 4 stroke Yamaha New Ian Clubb Sykes Excellent 20hp 4 stroke Yamaha Good Alex Lloyd Empacher Excellent Spencer Turrin Empacher Excellent Sweep Russell Cooper Sykes Excellent Concept 2 Big blades x 12 Peter Grosvenor Sykes Excellent Concept 2 Skinnys x 8 Sykes Excellent Croker Arrows x 10 James Chapman Sykes Excellent Ian Paver Sykes Excellent Croker M4 (5 x sets of 8) Scott Turner Sykes Excellent David Sollom Sykes Very Good Sculling Oars Stephen Handley Sykes Good Croker Arrows x 10 pairs Michael Rowan Sykes Very Good Croker S2 superlight x 20 pairs Jenny Cole Sykes Good Croker S4 soft x 8 pairs Diane Johnson Sykes Good Croker S2 stiff x 12 pairs Doug Donoghue Sykes Excellent Melva Cayzer Empacher Fair Lachlan Carter has responsibility for arranging maintenance Single Sculls: and upkeep of the fleet and equipment, with support from Lachlan Carter Sykes New Mick Allan, Paul Coates and Jim Stride. Their efforts are much Scott Woodward Sykes New appreciated. 53 SYDNEY ROWING CLUB ANNUAL REPORT 2017

ORDER OF MERIT HONORARY SYDNEY ROWING CLUB FOUNDATION In recognition of their LIFE MEMBERS The Foundation is now in its eighth year. service to the Club, the 1928 H. R. Pearce* The Trustees of the Foundation are Doug Donoghue AM Order of Merit has been 1937 W. J. Dixon* (Chairman), Ian Clubb, Keith Jameson OAM, Michael Morgan conferred upon the 1954 W. F. Bradley* OAM, and Andrew Rowley. following members: 1959 J. A. Goulding* On its formation, the Trustees resolved to apply funds raised by 1936 F. McK. Leister* 1959 W. A. Goulding* the Foundation over time to: 1937 W. A. Goulding* 1959 W. H. Holden* • Assist in upgrading or replacement of rowing facilities 1938 T. P. Mullholland* 1959 G. E. Parlby OAM* • Support to training, coaching and other programmes of the Club 1939 N. W. Lawrance* 1967 N. T. Grounds* 1940 A. C. Lambert* 1968 M. T. Wood MBE* • Assisting in the funding of boats and equipment 1947 E. Sawkins* 1969 A. W. Duval (Jnr) • Financial assistance to the Club’s rowers 1955 G. E. Parlby OAM* 1970 H. Clare* It is accepted that the Trust will grow over time through bequests 1956 W. H. Holden* and donations. 1971 A. L. May* 1957 J. A. Goulding* The Trustees encourage members and supporters of Sydney 1972 A. R. Callaway* 1959 E. W. Chapman OAM* Rowing Club to make donations and consider bequests where 1972 A. G. Grover 1960 J. Creaser* possible for the future benefit of the Club and particularly its 1961 C. K. Stewart* 1972 M. D. Morgan OAM younger members. 1963 F. T. D. Meares* 1972 G. M. Pearce Two functions were held during the year to thank supporters of 1964 O. N. Rosevear* 1973 G. Carlson* the Foundation and update them on the Club’s rowing activities. 1966 H. Clare* 1974 E. W. Chapman OAM* As at 30 June 2017 contributions to the Foundation from 1970 P. A. Cayzer OAM* 1974 O. N. Rosevear ED* donations and bequests totalled $143,640. 1972 E. A. Perry* 1977 R. D. Paver The Foundation has an Agreement with the Australian Sports 1975 K. L. Graham OAM* 1979 K. L. Graham OAM* Foundation to enable members and supporters to make 1980 R. P. Stride* 1980 I. R. Lee tax-deductible donations to the Sydney Rowing Club Foundation. 1982 J. D. Donoghue AM 1981 I. A. Clubb We ask members to consider making a donation or provide for a 1983 D. J. Sollom 1983 P. A. Cayzer OAM* bequest to the Foundation. 1986 K. E. Jameson OAM 1983 J. D. Coates AC Please don’t hesitate to contact any of the Trustees, or Peter 1991 G. R. Ryder 1985 J. P. Stride Grosvenor at the Club, if you would like further information. 1993 D. W. Smith 1987 D. Caterson OAM Doug Donoghue AM 1995 J. A. Goulding* 1989 R. P. Stride* Chairman of Trustees 1997 I. A. Clubb 2001 K. E. Jameson OAM 1998 J. D. Coates AC 2003 K. Larsen 2001 G. K. Allan 2003 R. Walker OBITUARIES 2003 M. Daffy 2003 R. Wearne We regret to record the deaths of the following members since our last report: 2005 L. Parker 2003 J. Winter Ted Anderson, Brian Blowes, John Bolger, Tom Breaden, Peter 2007 S. Derwin 2003 R. Jahrling 2007 M. Morgan OAM Capri, David Clark, Walter Craigie, Beryl Crowe, Vincenzo Floro, 2008 S. Handley Joan Foster, Nimrod Greenwood, Max Johnson, Laurence 2010 S. Handley 2012 D. Smith 2012 A. J. Brown Larcombe, Robert Lynch, Patricia McGrath, Geoffrey Moss, Ross 2014 J. Chapman 2015 D. Caterson OAM Musumeci, Beryl Mutch, Elizabeth Newton, Judith Ozanne, 2014 T. Gerrand Douglas Parry, Clement Robinson, Thomas Unsworth, Kevin 2015 J. Cole * Denotes deceased Wearne. 2015 J. Stride The club extends our deepest sympathy to their relatives and 2016 M. Rowan friends. * Denotes deceased Brian Blowes rowed in the sixties for Glebe and Leichhardt, and later coached for Glebe, and was a well-known associate member ROWING REUNIONS and a regular in the club house. The club’s reunions are held twice a year, on the first Sunday in Nim Greenwood rowed for Leichhardt and was a contemporary May and the first Sunday in November. of Phil Cayzer. He represented Australia in the 1952 Helsinki Olympic Games where he won a bronze medal in the Men’s These reunions are well attended by current and past Eight. members. Activities at the reunions usually include boat naming Doug Parry was a lightweight rower of the early 1950s and ceremonies, reunions of crews, presentation of 50 year awards, brother of coxswain Gordon Parry. He retained his interest in the and general recollection and review of past years. club through regular attendance at the club’s rowers’ reunions. At the November 2016 Reunion, we were joined by Phil Cayzer’s Kevin Wearne was Honorary Secretary of the club in the years great-nephews for the scattering of Phil’s ashes from the 1960 to 1963. In the 1962-1963 season Kevin rowed for the club pontoon. as a Novice (no previous experience) and won a race at the We then conducted boat naming ceremonies for five new boats Balmain Regatta. Kevin is well remembered by those who rowed – straight four Roger Brighton, and pairs Leah Saunders, Chris in the early sixties, and he attended the club’s rowing reunions Morgan, Spencer Turrin and Alex Lloyd. regularly. We moved on to lunch and a reunion of the 1976 Australian Olympic eight with many members present from that era. For some it was a very long day. In May of this year we presented a 50 year tankard to Ray Armstrong and named three boats – a new four Michael Morgan, pair Ian Clubb and single scull Scott Woodward. The next reunion will be held on Sunday 5 November 2017. 54 SYDNEY ROWING CLUB ANNUAL REPORT 2017 Millicent Cheetham, Susie Dear, Emily Partridge, Tessa Mapplebeck, Candice Williams, Madison Brown, Madeleine Farrar, Madison Brown, Madeleine Farrar, Mapplebeck, Candice Williams, Tessa Emily Partridge, Millicent Cheetham, Susie Dear, Eight of Australia: Champion Club Women’s Brianna Caputo, Lara Campbell. O’Connell, Nathan Bowden, Chris Morgan, Josh Hicks, Will Wiseman, by .07 seconds from UTS Pippy SRC winning the Champion Men’s Sprint Eight of Australia Matthew Gertenbach, Nick Clifton,Charlie Patterson, Ed White.

55 SYDNEY ROWING CLUB LIMITED

613 Great North Road Abbotsford NSW 2046 PO Box 45 Five Dock NSW 2046 Australia

Phone: 02 9712 1199 Fax: 02 9712 3252

web: www.sydneyrowingclub.com.au