Annual Report 2019 the BRISBANE GOLF CLUB INC
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Annual Report 2019 THE BRISBANE GOLF CLUB INC. The Brisbane Golf Club Inc. 70 Tennyson Memorial Avenue, Yeerongpilly Telephone (07) 3848 1008 www.brisbanegolfclub.com.au Contents Office Bearers & Committee 2019 04 President’s Report 06 Finance Report 09 Course Report 10 Match Report 12 Honour Board & Major Event Winners 14 Member Services Report 16 Facilities Report 18 Membership Category List 19 Financial Statements 20 Notes to the Financial Statements 24 General Committee’s Declaration 40 Independent Audit Report 42 Attachments to the Financial Statements 44 List of Members Men as of 30 September 2019 48 Ladies as of 30 September 2019 57 Office Bearers & Committee 2019 President Vice-President Hon. Treasurer Phil Wikman Mark Deuble Geoff Moore Captain Vice-Captain Committee Alan Grieve Alistair McNee Catherine Hammond Committee Committee Committee Paul O’Callaghan Gerry O’Shaughnessy Andrew Slack 04 Committee President – Phil Wikman Vice-President – Mark Deuble Hon. Treasurer – Geoff Moore Captain – Alan Grieve Vice-Captain – Alistair McNee Committee – Catherine Hammond Committee - Paul O’Callaghan Committee – Gerry O’Shaughnessy Committee – Andrew Slack General Manager Mr Geoff Kuehner Finance, Audit & Governance Sub-Committee Geoff Moore (Chair) Gerry O’Shaughnessy Course Sub-Committee Paul O’Callaghan (Chair) Mark Deuble Match Sub-Committee Alan Grieve (Chair) Alistair McNee, Andrew Slack Member Services Sub-Committee Mark Deuble (Chair) Gerry O’Shaughnessy, Andrew Slack Facilities Sub-Committee Catherine Hammond (Chair) Alistar McNee The President, Captain and Hon. Treasurer are ex-officio members of all Sub-Committees. 05 President’s Report I am pleased to present the 123rd Annual Report winter and now spring seasons. That is a credit to to members of The Brisbane Golf Club on behalf Course Chairman Paul O’Callaghan, our Course of your Committee. In last year’s Annual Report Superintendent Mitch Hayes and their support I noted how the year had been challenging on a teams. We would certainly like to see more number of fronts. This year I can confidently say consistent, steady rain across our catchment in that it has been satisfying in many ways although the upcoming summer. as you would expect challenges remain. We have seen a further fall in membership The Course in 2019 has been well presented numbers in 2019. Our membership remains to members in better condition for longer sound overall but there has been a distinct periods of the year. That was a key goal for the shift away from full membership to six-day Committee and our management team. We have membership. I have included a graph below recently implemented the 2nd Maintenance and that plots the movements in the key financial Improvement Plan and appreciate that the course membership categories of Senior, Full, Six-day has again been disrupted. This is a necessary and Transition Members since 2012. The graph evil if we want to achieve the better for longer shows steady growth in total member numbers outcome each year. Our expectation is that these in these key categories through to 2017 as disruptions will continue each year although the well as the switching of numbers for Full and extent of addressing foreign grass issues and Six-day membership. Transition numbers have disruption to play should reduce in severity over been generally strong and Senior numbers have time. Overall the Committee and many members remained fairly static. have been happy with the condition of our 21 holes during a very dry period through the autumn, In the last two years we have seen a drop in the Key Financial Membership Categories 06 total numbers for these categories. This was not level. This continues the trend that has seen club unexpected given the challenges in presenting membership in the Brisbane area decline by 9.8% the course in 2018 and the increases to annual since 2012. By that comparison our Club remains subscription fees. In August 2018 changes were strong with overall growth in our key financial approved to fee levels for many categories to membership categories over that seven-year improve the profitability and cash reserves of the period of 21.6%, albeit from a relatively low point Club in anticipation of capital expenditures ahead. in 2012. We should however remain vigilant to One of the consequences known at that time was providing existing and prospective members with that our membership numbers would fall from the experience they are seeking. previously high levels. It was acknowledged that our course was suffering from too many rounds In 2020 we will form a new Membership sub- each year and some members were finding it committee that will focus entirely on the Club’s difficult to get on the timesheet at a time that membership categories, benefits and strategies suited. The changes made together with a and make recommendations to the Committee for reduction in the number of corporate events held changes as necessary. We would like to see our on the course has contributed to reduction in Full Member numbers increase from the current rounds of approximately 10,000 per annum. This level and welcome new ideas and initiatives from has assisted with the better presentation of the members to help us achieve that end. course in 2019 while improved pace of play has also been a beneficiary of less congestion on the The Member Services Sub-Committee had a timesheet. busy year co-ordinating the many functions and events around the Club whilst maintaining a close There was some expectation that the flow of eye on the quality of service to members. There members from Full to Six-day membership would have been some exciting developments in 2019 subside after changes to the fee structure were with Chairman Mark Deuble marrying the Club’s implemented. This has not occurred. Through past with our future. We are pleased that so many this year’s renewal period we observed this trend members chose to join us for various celebrations continuing at higher than expected levels. Whilst during the year. We really do offer a selection of this opens the opportunity for new Full members small and grand events during the year that we we would like to understand the reasons for this believe suit our diverse membership. If you haven’t continuing shift. All members who have changed attended any yet you are missing wonderful categories this year will be requested to help our experiences. Perhaps 2020 is your year. understanding by undertaking a short survey. We do this annually for those leaving the Club, but The Club has recorded another sound financial it has become imperative that we understand result. Our Cash Operating Surplus for the year was more fully the triggers for this downgrading of $696,437 which exceeded budget and represents membership. an increase of 25% over the previous financial year. As explained to members at the Extraordinary Interestingly, golf club membership numbers General Meeting in August 2018, the Club needs have been declining nationally for some time. to generate strong, consistent performances Golf Australia published its latest edition of a to support the capital expenditure program participation report which highlights the difficulty incorporating the replacement of irrigation, course of maintaining strong membership levels. investment and Clubhouse improvements in time. This latest report focused on the 2018 year. It Treasurer Geoff Moore has kept a firm hand on showed golf club membership nationally had the tiller this year with the management team fallen 1.6% and in Brisbane 2.5% from the 2017 supporting our efforts to lift cash surpluses. Not 07 all targets were met but importantly the result played and we will acknowledge the winners at our needed was achieved. trophy presentation night at the beginning of next season. Our balance sheet also grew with the result and corresponding debt reduction. The future will I have again been well supported this year by very continue to throw curve balls around revenue and capable and passionate Committee members. Each expenditure, but our team is well placed to manage brings a different perspective influenced by their those. own learnings and their interaction with the wider membership. This ensures important decisions are Our Facilities Sub-Committee has been well led well considered and argued in the best interest of again this year by Catherine Hammond. Workplace the Club. I congratulate and thank every one of Health and Safety issues are considered each them for their selfless contribution to bettering month with staff and members encouraged to our great Club. raise concerns with any of the Club’s operations. We have seen some projects undertaken this year This year Alistair McNee is standing down from with plans to include other improvements in the Committee. Alistair has been a key contributor future. The Sub-Committee undertakes regular to the Committee and the Club in his roles as inspections of the non-course areas of the Club to Honorary Treasurer and Vice-Captain over the last identify any areas that can be better presented to five years. On behalf of all members I would like to members and visitors. Whilst we acknowledge it thank Alistair for that contribution. would be easy to spend money in a lot of places, we have been carefully trying to build a war chest Geoff Kuehner leads an excellent management to help address significant challenges such as the team who genuinely have the interests of the replacement irrigation. This has meant that funds members at heart. Each day that strive to get aren’t always as readily available as we would like. better and deliver more for members. That attitude has served them and the membership well in Alan Grieve capably led the Match Sub-Committee 2019. in 2019.