ANNUAL REPORT 2019/2020 2019/2020 BOARD OF DIRECTORS
PAUL BILLINGHAM NOEL CORNISH AM JANEY TRELEAVEN Commodore Vice Commodore Rear Commodore
DR. SAM HAYNES ARTHUR LANE LEANDER KLOHS Rear Commodore Treasurer Director
DAVID JACOBS JUSTIN ATKINSON BRADSHAW KELLETT Director Director Director
Photo credits: Cover image: ROLEX/Studio Borlenghi Contributing Photographers: ROLEX/Studio Borlenghi, David Brogan, Andrea Francolini, Hamish Hardy
2 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CONTENTS
4 Board of Directors, Management, Committees & Member Overview
6 Commodore’s Report
10 Treasurer’s Report
12 Sailing Committee Report
16 Member Engagement Committee Report
18 Premises Committee Report
20 Audit Planning & Risk Committee Report
21 CYCA SOLAS Report
22 Directors’ Report
26 Auditors’ Independence Declaration
27 Statement of Comprehensive Income
28 2019/2020 Balance Sheet
29 Statement of Cash Flow
30 Notes to the Financial Statements
49 Directors’ Declaration
50 Independent Auditor’s Report
52 Supplementary Information Relating to Financial Performance
53 2019/2020 Member List
62 2019/2020 Yacht Register
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 3 BOARD OF DIRECTORS, MANAGEMENT & COMMITTEES
BOARD OF DIRECTORS MANAGEMENT
Commodore P. Billingham Chief Executive Officer E. Moore/J. Kirkjian Vice Commodore N. Cornish AM Administration Manager F. Cole Rear Commodores J. Treleaven & Dr. S. Haynes Head of Finance J. Brennan Treasurer A. Lane House Events Manager M. Gibson Directors L. Klohs, J. Atkinson, Sports Marketing & Sponsorship Manager N. Janzen D. Jacobs & B. Kellett Sailing Manager J. Kirkjian/T. Blanc-Ramos
STANDING COMMITTEES SUB-COMMITTEES
Sailing Committee – Incorporates Training & Development and Cruising. Archives Sub-Committee Dr S. Haynes (Chairman), Director B. Kellett (Deputy Chair), Rear Director B. Kellett, J. Allen, T. Cable, L. Klohs, D. Champtaloup, Commodore J. Treleaven, A. Kear, A. Psaltis, D. Burt, D. Jordan, L. P. Shipway, D. Colfelt Goodridge, M. van Kretschmar, S. Rahilly, Z. Taylor (Aug-Nov), A. Brown Training & Development Sub-Committee Member Engagement Committee – Incorporates Associates, Rear Commodore Dr. S. Haynes (Chair), Director L. Klohs, A. Member Value and Archives. Kear, D. McCracken, T. Barker, S. Jarvin Rear Commodore J. Treleaven (Chair), Director J. Atkinson (Deputy Chair), Director L. Klohs (Deputy Chair), Director B. Cruising Sub-Committee Kellett, M. Keelty (Associates President), D. Wallace, K. Mendes, K. J Keelty, Director J Atkinson, F Walker, S Walsh, D Doyle, S Sleeth, M. Burns, J. Sapir, C. Gundy, J. Anson, A. Larkin. Prince, D Henry, A Greene, S Williamson, Director B Kellett Premises Committee Member Value Sub-Committee Treasurer A. Lane (Chair), Director D. Jacobs (Deputy Chair), Director L. Klohs (Chair), P. Messenger, Y. Henderson, J. Wilby, Director B. Kellett, K. Roxburgh, A. Wenham, P. Shipway, K. K. Mendes, D. Wallace Wallace, Commodore P. Billingham Sustainability Working Group Audit, Planning & Risk Committee Director J. Atkinson (Chair), V. Whitby, A. Devlin, M. Burns, J. Owens Vice Commodore N. Cornish AM (Chair), Director D. Jacobs (Deputy Chair), Treasurer A. Lane, Rear Commodore J. Treleaven, T. Barker, P. Gothard, A. Wilmot, S. York, P Whitford SC ASSOCIATES COMMITTEE Special Events Committee – Incorporates Rolex Sydney Hobart Yacht Race. M. Keelty (President), J. Anson (Vice-President), C. Mulherin (Treasurer), I. Soemardi (Secretary), J. Bartrum, K. Brooks, P. Commodore P. Billingham (Chair), Vice Commodore N. Cornish AM (Deputy Chair), Rear Commodore J. Treleaven, Director L. Klohs, Christie, J. Dahl, F. Davies, B. Daw, P. Emerson, K. Kellett, A. Director J. Atkinson, M. James, C. Grant, K. Kellett, K. Bennett, J. Lulham, F. Marr, P. Messenger Owens, P. Shipway, D Kellett.
4 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 PAST COMMODORES MEMBERSHIP
Name Year served 31/03/20 31/03/19 OBITUARY A.C. Walker 1944 - 1946 * Member 1,420 1,391 Members who have sailed their last 15 Year Member 51 42 P.M. Luke 1947 - 1948 * voyage: 30 Year Member 186 196 M.E. Davey 1949 - 1951 * Dawn Beal, Yvonne 50 Year Member 46 46 Byrne, Lewis Carter, S. Berg 1952 - 1953 * John Cooper, Kevin Regional 228 186 Dash, David Dickson, A.B. Wilson 1954 - 1956 * 15 Year Regional 3 3 John Fordham, M.E. Davey 1957 - 1958 * John Gunning, 30 Year Regional 6 4 William Hall, James D.M. Brown 1959 - 1960 * Country 78 83 Harrison, Maryrose Heffernan, Brian R.C. Hobson 1961 - 1962 * 30 Year Country 36 40 James, Craig Mahony, B.C. Psaltis 1963 - 1964 Overseas 140 144 Rob McAuley, Marshall Miller, 15 Year Overseas 1 1 R.A. Cottee 1965 - 1966 * Steve Old, Richard 30 Year Overseas 13 11 Robinson, Gary N.B. Rydge AM 1967 - 1968 Simon, David Steel, Associate 529 473 R. Crichton-Brown 1969 - 1970 * Stuart Stevenson, 15 Year Associate 6 5 Colin Stewart, B.C. Psaltis 1971 Nicholas Thompson 30 Year Associate 18 16 J.J. Bleakley 1972 * 50 Year Associate 4 3 J.N. Bridgland 1973 * Sailing Associate 3 5 J.P. Diamond 1974 - 1975 * 15 Year Sailing Associate 1 1
G.N. Evans 1976 * 30 Year Sailing Associate 6 6 Crew 59 53 J.P. Diamond 1977 * YSA Crew 58 82 A. Pearson 1978 - 1979 * YSA Junior 49 46 K.C. Roxburgh 1980 - 1981 Family Junior 56 55 G.S. Girdis 1982 - 1983 Life 12 11 J.L. Brooks 1984 - 1985 Past Commodore 15 11 A.E. Cooley 1986 - 1987 Honorary 28 25
D.B. Kellett AM 1988 - 1989 Sponsor 28 24
L. McClean 1990 - 1991 * TOTAL 3,080 2,963
L.P. Minehan 1992 - 1993 *
D.C. Fuller 1994 - 1995 LIFE MEMBERS
P.H. Bush 1996 - 1997 P.M Luke 1957 * R. Grubb 1997 *
H. van Kretschmar 1998 - 1999 M.E. Davey 1957 * D. Lawson 1997 * J.H. Illingworth 1957 * J.F. Keelty 1998 H. Sommer 2000 - 2001 E.G. le Brun 1957 * P.H. Bush 1999 J. Messenger 2002 - 2003 * J.S. Samson 1960 * B.C. Psaltis 1999 M.R. James 2004 H. Watkiss 1964 * J. York 2002 * G.R. Lavis 2005 - 2006 G. Barton 1972 * P. Grounds 2004 * M.C Allen AM 2007 - 2010 J.P. Diamond 1979 * A.L. Cable 2005 G. Linacre 2011 - 2012 A.D. Campbell 1980 * D.A. Van Ewijk 2007
H. Piggott 2013 - 2014 D.R. Goode 1980 * J. Messenger 2008 *
J. Cameron 2015 - 2016 R.D. Hollingsworth 1982 * D.B. Kellett AM 2011 G.E. Marshall 1982 * G. Lewis-Bearman 2013 J. Markos 2017 - 2018 G.C. Reynolds 1982 * J. Kirkjian 2014 K.H. Storey 1982 * J.W. Winning AM 2015 P. Rysdyk 1987 * A. Green 2017 P. Green 1990 * K. Kellett 2017 A. Brown 1992 * P. Shipway 2019 * Deceased E.C. Messenger 1995 *
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 5 A year of two parts The past 12 months have been momentous ones for the Club – starting with the highs of our 75th year and ending with the lows of the bushfires and COVID-19 that have so hugely impacted all of us. This time last year I wrote looking forward with optimism to the year of celebration ahead, and a celebration it was! Our Clubhouse was open and looking amazing, we were able to finish off the car park on time and on budget and we had a huge range of events both on and off the water, all leading up to the highlight of the year with the spectacle of the 75th Rolex Sydney Hobart Yacht Race. But by 31 March the year had ended in the most unimaginable way possible – doors closed, people stood down, friends unable to meet and sailing (all but) banned. However it is in times of adversity that we really begin to understand ourselves – to test what we and indeed what other people are made of. This has long been true in our sport of sailing – whether it has been fighting terrible weather, equipment failure, injury (or worse), such trials bring out the best in all of us. And so it has been these last months at the CYCA where that resilience shown by our people, Members and the sailing community has made the Club stronger than ever before. It has, I believe, reminded us that a Club is not a building or a race, but a willing community of likeminded people who come together to build what they believe in. For me that is the real CYCA.
First the celebration! It is impossible to name everything that has happened, so I am going to self-indulgently pick out some of my personal highlights!
• Renovations It was with a great sense of satisfaction that the car park was completed early in the year – I am delighted that we now have such wonderful premises which just feels like our home. We had been COMMODORE talking about renovating for well over 12 years – well now it is done and I couldn’t be prouder! Thank you to the Premises Committee, PAUL our builders Belmadar, professionals and team members – you have built a legacy.
BILLINGHAM • Social events There was such a huge array of sailing and non-sailing social events at the Club during the year. The SOLAS dinner as always a highlight; the Cruising Committee information evenings massively popular; and special events such as the Commodore’s Ball where we raised over $30k to refit our YSA fleet with sails was, for me, a highlight. Thank you to the Member Engagement, Associates and Cruising Committees for your hard work over the year – you made the party!
• Veterans shine We had two incredible veterans events during the year. I greatly enjoyed sailing with David Champtaloup on the famed Caprice of Huon in May, which was followed by Gordon “Wingnut” Ingate
6 2019/ 2020 COMMODORE’S REPORT
ceremoniously destroying the Clubs 75th birthday cake; • Communication excellence but it was the Veterans Regatta (and dinner!) in December So much focus has gone into improving the quality, that was just an amazing highlight and one I hope we can frequency and transparency of the way we communicate repeat. with Members. Offshore, Onshore, the Sked, website, • YSA success social media, podcasts, live race coverage and many other channels have made our Members more informed than If youth is the future of sailing, then the CYCA is well ever before as to what is happening in their Club. Thank served – back-to-back Youth World Match Racing titles you to Nick, Hamish, DJ and the professionals that have so have proven that we are at the very top of the game and lifted the quality of what we produce. our YSA program is the envy of many. The work over many years of Justine, Jordan, Pam, the army of coaches • The Great Race and the huge array of dedicated sponsors has been plain The 75th Rolex Sydney Hobart Yacht Race was the most to see and I greatly enjoyed meeting and talking to so widely watched ever – the highest possible calibre of fleet; many competitors at the various regattas the Club hosted over two million people watching the live start, millions more this year (most of which we won!). around the globe; and thrilling results with Jim Cooney on Comanche taking the line and Matt Allen’s Ichi Ban overall. • A sailing program without peer More than 1200 people attended the award ceremony in Over the years our sailing program has evolved to become Hobart! the most comprehensive keelboat program in Australia, if I committed to follow in the footsteps of the late John not the world. At the CYCA we can sail in a Cat 1 Ocean Messenger and at least meet, and ideally share a beer, with Classic; compete against the best there is in the Audi each boat on arrival. Needless to say with so many boats Centre Sydney Blue Water Pointscore Series; take part in finishing the race I lacked his stamina, but as I stood in the inshore and onshore races most weekends; or round the Rolex Sydney Hobart Yacht Race Hobart Village, supported cans white sail racing each week. Where else does that by Tasports, I marveled at how the changes we have made happen, anywhere? had brought the race to the people. The land side is now We almost take this for granted, but I want to recognise worthy of the sailors. what an incredible professional sailing team we have – I am also hugely proud of the wonderful book written by Rob thank you Sailing Committee, Sailing Office, Volunteers Mundle commemorating the race – and thank Life Members and Officials – simply amazing! Cable, Keelty, Kellett and Shipway for their oversight!
The CYCA’s 75th anniversary provided opportunity for many Members to celebrate. Gordon Ingate was delighted to cut the anniversary cake accompanied by Commodore Paul Billingham, Arthur Lane and Dr. Sam Haynes (left to right).
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 7 I also want to thank the various directors with whom I’ve been privileged to serve over the past 14 years and leave confident that the Club is in great hands.
COMMODORE’S REPORT CONT.
Thank you also to the Special Events Committee, the The Club looked to support the firefighters and our RYCT, media partners, the dozens of volunteers at both friends in Eden during the bushfires and many Members ends of the race, the Race Committee and of course Rolex individually made a difference at that time. – we are so fortunate to enjoy their long-term support. But COVID-19 was a knockout blow as the Club was forced • A plan for the future to close in mid-March, and as I write this report in May the Club is just starting to come back to life as restrictions Perhaps however the single biggest achievement of the ease and competitive sailing gets back underway. year happened quietly, without much fanfare back in the Clubhouse. In late 2019 after a long process of member What so impressed me however is how well our Members engagement, workshops and meetings, the Board and our people adapted and we have had only praise for the way in which the Club reacted to the rapidly-changing approved a long-term strategic plan for the CYCA – the position, rightsizing operations along the way smoothly first such plan that has been produced. This plan will and without mishap. serve as the blueprint for the Club’s future and provide guardrails for future boards. It is, for me, a sign of how we have matured as a Club that these changes were so quickly devised and seamlessly Importantly, it embeds appropriate levels of governance applied – and the results of years of investment in people in the Club, of a quality enviable even by corporate (especially with finance skills), systems and processes standards, and will provide direction and free up time for meant we were quickly able to stabilise the business of the Club’s future directors, management and volunteers the Club and move into preparing to plan to reopen. to do what they do best – sail! There is no doubt however that this pandemic will have Thank you Members for supporting the Board, Senior long-term consequences for our Club – even after we Management and Audit Planning & Risk to develop a reopen. The world is going to experience a post-stimulus strategic plan worthy of our future. recession like we have never seen before and the CYCA Looking forward will not be immune. I am confident, however, that we have the skills, resources and resilience to survive and thrive. The bushfires in late 2019/early 2020 delivered unprecedented destruction to our State and barely had Parting words we recovered when COVID-19 hit us. When I joined the Board as Treasurer in 2006 I had no
8 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 idea, or indeed ambition, to become Commodore. But this place and the people who come here have a habit The Rolex Sydney Hobart Yacht Race, celebrating 75 years, of getting under your skin (usually in a nice way!) and was a huge success. like so many of you, I became addicted to the Club and, yes, fell in love with it. I’ve tried to make a difference over the two years I have had the privilege of being your Commodore through putting Members first and bringing transparency as to what goes on. However any Commodore is just chief custodian of the Club for a two-year period of time – the History and Archives Committee have taught me that! So, I hope my way of working for you, talking with you and caring about our Club, though perhaps a little different, has worked and I want to thank all of you for your advice, support and opinions – I’ve listened to them all. I also want to thank the various directors with whom I’ve been privileged to serve over the past 14 years and leave confident that the Club is in great hands. Thank you.
Commodore Paul Billingham
9 / TREASURER’S 2019 2020 REPORT
Overview
FY20 saw a very strong improvement in the Club’s financial the Club shows a loss of $0.5m, a 51% improvement on last performance, being the first full financial year since the new year. Clubhouse was reopened in October 2018 and including Improved operations and strong working capital the celebration of the 75th year and the 75th Rolex Sydney management resulted in improved cash generation of Hobart Yacht Race. $1.3m, enabling the Club to pay for the carpark resurfacing Revenue of $10.4m was up $1.4m (16%) on last year driven and reduce debt by a net $0.4m during the year. by strong growth in Bar and Food sales, plus increased These results were slightly ahead of budget and would Sailing, Marina and Membership income. As a result, EBITDA, have been even better but for the forced closure of (before AASB 16 discussed below), of $0.8m, was up $0.6m the Clubhouse on 16 March 2020 due to the COVID-19 (314%) on last year. After depreciation and interest of $1.3m, Government imposed restrictions. Financial Summary
For Members ease of reference and comparison, I have summarized certain key financial information as to the Club’s performance and position over the last three years, pre and post AASB 16.
Post AASB 16 Pre AASB 16 Pre AASB 16 FY 2020 vs FY 2020 FY 2020 FY 2019 FY 2019 FY 2018 Income statement
Operating revenue 10,387,060 10,387,060 8,952,434 16% 8,521,283
Cost of sales -1,156,928 -1,156,928 -967,147 20% -899,673
Other income 144 144 10,223 -99% 348,823
Operating expenses -7,592,118 -8,374,421 -7,788,738 8% -6,807,013
EBITDA 1,638,158 855,855 206,772 314% 1,163,420
Depreciation and amortisation expense -1,561,900 -1,104,005 -1,044,995 6% -1,111,910
EBIT 76,258 -248,150 -838,223 -70% 51,510
Interest -755,792 -254,938 -180,650 41% -125,097
(Loss)/profit for the year -679,534 -503,088 -1,018,873 -51% -73,587
Cashflow
Net operating cash flow 2,147,326 1,358,626 1,596,260 1,057,336
Balance sheet
Current assets 571,259 571,259 1,135,593 4,742,940
Non-current assets 30,524,430 17,695,865 18,125,650 10,617,495
Current liabilities 3,960,544 3,502,428 3,866,346 3,769,923
Non-current liabilities 20,778,160 8,231,264 8,358,378 3,535,120
Members’ funds 6,356,985 6,533,432 7,036,519 8,055,392
Number of Members 3,080 3,080 2,963 4% 2,787
10 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Treasurer Arthur Lane
The required adoption of the new lease accounting standard • Continued commitment from Rolex and other major AASB 16, has resulted in the capitalisation of the Land and sponsors. Marina leases. Given the Club’s leases run until June 2049, • A renewed commitment to maintenance of assets with their capitalisation has had a material impact on the Balance increases allocated to repairs and maintenance of the Sheet, resulting in an increase of both assets and lease marina and vessels. liabilities of $14m. • Investment in people and corporate governance whilst Another impact of AASB16 is that lease payments are controlling administration costs. replaced by depreciation and interest charges in the Profit and Loss. These charges are greater during the earlier years • Continued support for the Youth Sailing Academy and of the lease due to the calculated interest charge on the CYCA SOLAS Trusts. large lease liability, which reduces over time. In FY 20 there Once reopened, the Club should see continued growth but is an additional $0.2m net charge to the Profit and Loss the Board are cognisant the Club is cycling from a big year (lower operating expenses of $0.8m but higher depreciation in FY20 with the 75th celebrations, DA constraints and the of $0.5m and interest of $0.5m). These changes inflate the current general community and societal norms in relation EBITDA to $1.6m and increase the Net Loss to $0.7m. to food and beverage consumption where there is plenty of The Club continues to generate positive cash flows, pay local competition and the renewed trend towards take away interest and substantially reduced its loans which is the driven by the likes of Uber eats etc. The recently renovated true measure of good financial health in a not for profit Clubhouse is a stronger platform to promote and grow the organisation and, looking forward, the Club’s robust financial external functions and revenue streams. position will enable it to operate well within its working The sponsorship portfolio is the envy of most yacht clubs capital facilities. in the country. The RSHYR high profile and iconic status Capital Expenditure helps us with obtaining global branding sponsors and the Club will continue to protect and nurture these relationships During the year the Club invested a total of $0.7m in around all of our properties —racing, YSA and hosting major capital expenditure, which included the refurbishment of regattas to ensure that the appropriate investments are the carpark, security gates and night lighting. Repair work made with sponsors so that they can be retained beyond to strengthen the structure of the lower deck was also current agreements. completed, to enable it to be sound for at least another five years at which time it may have to be replaced. The Board and Management remain focused on materially beating the FY 21 budget. Liquidity Cash and cash equivalents of $0.1m is slightly up on last In summary, I wish to thank my Board colleagues, John year, while total borrowings have decreased from $3.3m to Brennan, our Chief Financial Officer, and his Finance team $2.9m before AASB 16. The Club has an overdraft facility and Management for all working so well to deliver a great of $0.8m which enables it to manage the variability in net result and clean audit. Our heartfelt thanks, also, to Chamilka cashflows, while continuing to reduce borrowings. Ratwatte, Sruthi Ilanko and the PWC team for their hard work in the audit process. Outlook for 2021 FY21 presents significant challenges due to the impact of COVID-19. The Board has approved a budget for FY21 which will see the Club continue to meet its commitments and the Board and Management have acted quickly and decisively to reduce costs, renegotiate with landlords and avail of Government support. The conservative budget assumes: • Members numbers remaining relatively stable at 3,000, factoring in membership attrition of existing members, increases due to new members and accounting for the 50% discount on Membership fees, that will be credited to Members’ Club account for every month that the Club remains closed. • Clubhouse reopens on October 1, 2020, following the FY20, driven by the 75th year celebrations of the CYCA and the Sydney Hobart lifting of COVID-19 restrictions. Yacht Race, saw a very strong financial improvement.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 11 / SAILING COMMITTEE 2019 2020 REPORT
The 2019-2020 sailing season was an historic 12 months for Bearman, Paddy Glover and Ross Garlan. We can never have the CYCA, culminating in the 75th Rolex Sydney Hobart Yacht enough volunteers and I would like to extend a special thank Race, and including the first-ever JPK Pacific Two-Handed you to Tracey Johnstone who has been working to recruit Series. These events topped off an extensive sailing program many new faces to our team! which included the Audi Centre Sydney Blue Water Pointscore, I would like to extend a further thank you to the following: Ocean Pointscore, Short Ocean Pointscore, Short Haul Pointscore, Sharp EIT Monday Twilights, Wednesday Twilights, • David Jordan for his commitment to and management of Winter Series and the Concierge Traveller Spring Series. our major Race Committees
Our sponsors make our sailing program possible. Thank you • T he Radio Team, led by David Kellett to the following for their new and ongoing support - Rolex, • John Winning for the use of JBW and Andrew Cropley for Noakes Group, Audi Centre Sydney, Grinders Coffee, JPK skippering Pacific, Sharp EIT and Concierge Traveller. • John Kirkjian, Karl Garavan, Steve Hatch and Lister Hughes I would also like to thank the members of the Sailing for their assistance in protest committees Committee, who continue to support myself and the CYCA. Bradshaw Kellett, Janey Treleaven, Arthur Psaltis, • The RSHYR Eden Team, Denis Doyle, Lynne Smith and Les Goodridge, David Burt, Sean Rahilly, David Jordan, Pat Nash Angelique Kear, Matthew van Kretschmar and Zoe Taylor A total of 157 yachts started the 75th edition of the Sydney have dedicated time and shared their experience, helping to Hobart Yacht Race, in the fourth biggest fleet in history, with grow and develop our program. only three retirements. This momentous race saw Matt Allen’s The 2019-2020 season saw the introduction of the CYCA’s Botin 52 Ichi Ban claim their second overall win in three years, first Two-Handed Series, expanding our program and whilst Jim Cooney and Samantha Grant claimed the third line honours victory for super maxi Comanche. 2019 also saw ensuring the CYCA remains at the forefront of blue water the Southern Cross Cup reintroduced for the first time since sailing. This series consisted of four offshore races to enable 2013. A total of 22 teams competed with Australia Yellow, CYCA Members to gain two-handed experience in the lead up comprised of Ichi Ban, Gweilo and St Jude, taking the win. to the 2020-2021 Audi Centre Sydney Blue Water Pointscore. The Noakes Sydney Gold Coast set the stage for the 75th Our extensive program would also not be possible without RSHYR with Barry Cuneo taking out the win in Envy Scooters, the ongoing commitment of our volunteers. These officials followed by Matt Allen’s Ichi Ban in second and myself and continue to dedicate their time to our on- and off-water race my team on Celestial in third. management. Thank you to Denis Thompson, Steve Kidson, John Allan, Jenni Birdsall, Brian Carrick, Sarla Holmes, Matt Allen’s RSHYR win topped off a highly successful Tracey Johnstone, Lyn Ulbricht, Gail Lewis-Bearman, Richard season, culminating in an overall win for Ichi Ban in the Audi
Noakes Group’s long-time supporter of the Club, Sean Langman, skipper of the 2019 Noakes Sydney Gold Coast winning Envy Scooters Barry Cuneo, and CYCA Vice Commodore Noel Cornish.
12 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Rear Commodore Dr. Sam Haynes
Centre Sydney Blue Water Pointscore (IRC Pointscore of the Blue Water Series). Ichi Ban came first in Division 1, followed by Gweilo (Matt Donald & Chris Townsend) in second and Quest (Bob Steel & Craig Neil) in third. Division 2 was taken out by St Jude (Noel Cornish), with first time BWPS competitor Highly Sprung (Mark Spring) in second and TSA Management (Tony Levett) in third.
The Cape Byron Series (ORCi Pointscore of the Blue Water Series) was also won by Ichi Ban, followed by Quest in second and Gweilo in third. Division 1 saw Ichi Ban in first while Division 2 was won by St Jude. The Tasman Performance Series (PHS Pointscore of the Blue Water Series) was this year won by Gweilo, followed by Quest and Ichi Ban. Gweilo won Division 1, with Division 2 again won by St Jude. The Line Honours Pointscore of the Audi Centre Sydney Blue Water Pointscore was convincingly won by David Griffith on Chinese Whisper.
JPK Pacific came on board in 2019 to sponsor the inaugural JPK Pacific Two-Handed Series. This series was a great success for the CYCA, allowing competitors to build-up two-handed The Audi Centre Sydney Blue Water Pointscore Series remains experience in the lead up to the 2020-21 Blue Water Pointscore. the CYCA’s blue-ribbon ocean-racing competition. The Goat (Mitchell Gordon) won the Series in IRC, while the PHS win was secured by Min River (Jiang Lin) and the ORCi win by Local Hero (Shane Connelly).
The Ocean Pointscore Series fleet grew in 2019-2020 with Bush Paul Group (Ian Short) finishing first in IRC, followed by About Time (Julian Farren-Price) in second and Supernova (Matthew Hanning) in third. In ORCi, Supernova claimed first, with About Time in second and Bush Paul Group in third. PHS saw Tempo (Michael Smith) finish in first with Queztalcoatl (A Sweetapple, A Bruce, J Lee Warner) and Supernova following.
The Short Ocean Pointscore was as strong as ever with Bush Paul Group (Ian Short) finishing first in IRC Division 1, followed by Toy Box 2 (Ian Box) and Nine Dragons (Robert Cox). Division 2 was won by Our extensive Stormaway (Jack Stening & Colin Gunn), followed by Crosshaven program (Sean Rahilly & Justin Pelly) in second and Amante (Dennis Cooper) “ in third. Bush Paul Group and Amante took out ORCi Divisions 1 would also not and 2, respectively. In PHS, Division 1 was won by Bush Paul Group, be possible followed by Toy Box 2 and Nine Dragons with Division 2 won by Crosshaven, followed by Stormaway and Amante. without the The Short Haul Pointscore was won this year by Next (R Hunt, J ongoing Short, M Bastick, G Gleeson). Baltic Lady (Neil Burling) followed commitment in second with One More No More (Ian Guanaria) in third. One More No More took out the IRC Division with Next winning the of our PHS and IRC Divisions of the Passage Pointscore. volunteers Congratulations to all our competitors for another successful season. Thank you to CYCA Sailing Manager Justine Kirkjian and her team in the Sailing Office; Tara Blanc-Ramos, India Howard, Emma Harrison and Jess Grimes. A special thank you and farewell to Stephen Craig who has provided continuous support and service in the Sailing Office over the past decade.
13 2019/2020 TRAINING & DEVELOPMENT COMMITTEE New Zealand Yacht Squadron. REPORT Dr. Sam Haynes, Chairman Although 2020 looks set to be one of our toughest seasons The Training & Development Committee is pleased to present ahead, the year so far has seen the YSA remain undefeated to the CYCA Members the success and achievements of in competition, having claimed four titles in just two months. our Youth Sailing Academy (YSA). While the 2019 season Harry Price capped off his youth career with two final titles at returned to a normal schedule of events, the CYCA was once the Warren Jones Memorial Regatta in Perth and the Hardy again selected as the host Club of the Australian Youth Match Cup in Sydney throughout January, whilst Hodgson won both Racing Championship for 2019 & 2020, after successfully the Pre-Worlds and World Championship in Auckland. hosting the event for the past three years. All of this showcases the correct structure and support After celebrating their 25th season in 2018, in which the the Club, our Members and sponsors are providing to our Club hosted all three divisions of match racing national titles youth sailors, and the next generation of Club Members. We (open, women’s and youth), 2019 will be remembered for the are producing incredible results across multiple divisions impressive results achieved at each of these events, as the and across different age categories at local, national and CYCA became the first Club to win all divisions within the same international events. This in turn is strengthening our winter training programs and participation in CYCA Club events. year. CYCA Head Coach Jordan Reece with Murray Jones and Harry Price won the Open National title in Hobart before India During 2019, our winter squads and community courses Howard, Jess Tavener, Emma Byrne and Chelsea Williams won continued to build. Many sailors from dinghy Clubs across the Women’s title in Queensland. At the Youth Nationals, a NSW accepted scholarships offered to attend CYCA courses CYCA team won a fifth consecutive title, with James Hodgson, and squads through. Thank you to CYCA member John Harry Hall, Louis Schofield and Nick Rozenauers victorious. Kirby for his ongoing support through the Sun Foundation scholarships. Many more also participated in the annual Not only has the YSA become Australia’s leading youth Freedman Foundation program which saw 61 students keelboat program, but over the 2019/20 season, cemented experience sailing for the first time, with some then their place as the world’s leading youth keelboat program, as participating our school holiday courses. they won not one, but two World Championship crowns. After first claiming the Match Racing World Championship in 2017, We saw great participation from our youth in CYCA events over the past 12 months, the CYCA has won back-to-back as well, with all Advanced Squad members competing in the World Championships in Russia and New Zealand. Winter Series, 11 competing in the Noakes Sydney Gold Coast Yacht Race, and five competing in their first Rolex Sydney Tom Grimes, James Hodgson, Jess Grimes and Harry Hall Hobart Yacht Race, with numerous alumni also taking part in reclaimed the 2019 World Championship crown for the CYCA the 75th historic event. after the Club did not participate in the 2018 competition. Within six months, the Club had successfully defended their The YSA continues to rely on Members to assist with the title, with James Hodgson and Harry Hall winning a second billeting of interstate and international teams on their yachts. title alongside Louis Schofield and Nick Rozenauers at Royal This support makes these regattas more accessible for visiting teams, and in turn raises the profile of the regatta for competitors and sponsors of the event. CYCA Members continue to support the YSA by taking Eden Marine High and Freedman Foundation students sailing and by mentoring YSA sailors, taking them onboard their yachts for harbour and offshore races and including them in crews for major regattas. The YSA is proud to foster the development of our youth sailors from junior classes into match racing and offshore sailing. Through this they are able to pass on their skills to future generations and continue to support the CYCA and the sport of sailing. We would also like to extend our appreciation to our many supporter and program sponsors including Belmadar Constructions, Walker Corporation, Musto Australasia, Steadfast-IRS, Club Marine, Vibe Hotels, Sharp Australia, Roni Rigging, Toga Group, GME, Hood Sails, Noakes Group, Altex Yacht & Boat Paint, Freedman Foundation, Sun Foundation and Member regatta sponsor Dean Harrigan (Capt John The MUSTO International Youth Match Racing Regatta once again saw the CYCA excel. Piper).
14 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 The CYCA is immensely proud of the foundation and development opportunities its Youth Sailing Academy provides.
CRUISING SUB-COMMITTEE Captained by John Keelty together with how to treat injuries, including amputations, with practice stations setup for giving injections and the use The lead up to the 75th Hobart was quite a busy year for the CYCA Cruising Committee who put together a number of of defibrillators etc. A video of this evening can be seen well attended information evenings at the Club commencing on the CYCA website. Later in October we assisted the in July with Brett Perry and Roni Rigging giving an insight not Associates in organising the highly successful Market Day. only on rigging but also on the new Soft Wing Sail technology In order to keep everyone fully informed on the very latest that is now available to greatly enhance yacht performance. on search and rescue before the 75th Hobart on November This was followed later in July by a presentation by North 17 we organised representatives from AMSA, CORDIA Sails, with a team headed by Michael Coxon and Alby Pratt Communications, NSW Water Police, Helicopter Rescue and that focused on the way forward and new innovations. In Marine Rescue NSW, to give presentations on their role and August we had an entertaining evening for young and old, what you must do should an emergency occur. presented by author Philippa Sandell and illustrator Ad Long, The final events organised were well attended and very on ships animals called Seafurers – “The Cats who Lapped enjoyable social Christmas get together in the Rani Room and Mapped the World”. and the on water cruise to Port Hacking in company with Our presenter in September was Mike Prince who RSYS. covered where we are headed in relation to the Australian Hydrographic Office’s intention to eventually phase out Unfortunately the events we had planned for 2020 have paper charts and adopt electronic charts. This evening been cancelled due to the virus but will take place as soon was not only informative many Hobart entries took up the as restrictions are lifted. generous offer made on the evening of free use of electronic In closing I wish to thank the all the committee Director charts for the 75th Sydney Hobart. Justin Atkinson, Denis Doyle, Frank Walker, Steven Prince, In October we had a most informative evening “Beyond First Shaaron Walsh and David Henry, together with Marina Aid” with practising doctors and nurses covering topics such Gibson and all the staff at the CYCA for their contribution as Cat 1 and other drugs recommended, their use and effect, and assistance over the past 12 months.
CYCA YSA KEY RESULTS
1st 2020 World Sailing Youth Match Racing World Championship - RNZYS 1st 2020 Harken International Youth Match Racing Cup – RNZYS 1st 2020 Hardy Cup – RSYS 1st 2020 Warren Jones Memorial Match Racing Regatta – RFBYC/RPYC 1st 2019 World Sailing Youth Match Racing World Championship – KYC 1st 2019 Australian Youth Match Racing Championship – CYCA 1st 2019 Australian Women’s Match Racing Championship – MYC 1st 2019 Australian Open Match Racing Championship – RYCT 1st 2019 Club Marine NSW State Match Racing Championship – CYCA CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 15 1st 2019 John Messenger Women’s Match Racing Championship – CYCA MEMBER ENGAGEMENT 2019/2020 COMMITTEE
Rear Commodore Janey Treleaven
Throughout the 75th year of the CYCA, the Member 1. Video Archive Project is progressing well under the guidance Engagement Committee worked closely with the Member of David Champtaloup, Peter Shipway and Communications Value Committee, Archives Committee, Associates Co-ordinator Hamish Hardy. The 2019/2020 interviews Committee and Sustainability Working Group to explore and were Harold Cudmore, Bill Ferris, Past Commodore Matt augment the way Members connect and interact with the Allen, Michael Hesse, John Sheridan, Chris Iacono, Scott Club, its Sailing Program and use of the facilities we offer. Kaufman and Bruce Gould being added to the online collection of prominent yachtsperson interviews. I’d like to thank all the Committee members for their support, ideas and commitment to making the CYCA the best club 2. Offshore & SHYR Program scanning: 1956 – 2019 SHYR experience for all member demographics. The work of these Programs are online on the CYCA’s website History & Committees combined with the efforts of the Board and Archives page. The Archives Committee are in the process Club management/staff has seen a very impressive increase of scanning all Offshores to be displayed on the CYCA’s to the number of members and we have finished the year website History & Archives page. with a record high of 3,080 members. 3. Photo Digitising Project: the digitising of the CYCA’s MEMBER VALUE SUB-COMMITTEE – Chaired by Director stored print photos is in its 13th year of scanning. The Leander Klohs information is currently being stored at the CYCA in an effort to produce the digital archive on the CYCA’s website This year our focus was History & Archives page. on the celebration of our Club’s 75th year and the 4. Digital Archive: the Archives Committee are currently 75th time intrepid sailors designing the digital archive to be displayed on the CYCA’s have set sail on Boxing website History & Archives page. Day, racing their way to 5. Ar chives Room now houses 1 x complete set of: Hobart. Our Members • SHYR Programs and their family and • OFFSHORE magazines friends enjoyed a range • CYCA Annual Reports, and of events throughout the • CYCA Sailing Handbooks. The Commodore’s Ball proved a well- year to commemorate our received event in the Club’s 75th year. • Early SHYR files. anniversary, particularly the Commodore’s Ball in June. The Veteran’s Regatta Other CYCA historical artefacts or information are also and Dinner in December provided great recognition and housed here. For access to the Archives Room for recourse purposes, please contact CYCA’s reception. celebration of the beautiful boats, their skippers and crew who have raced to Hobart over the years. 6. Display of Artefacts: The Archives Committee continues to display artefacts in the Coasters Retreat Lounge and We celebrated International Women’s Day in March with a around the club house. breakfast panel, and have planned a number of events to celebrate and connect women in sailing through this year, SUSTAINABILITY WORKING GROUP – Chaired by Director which is the 75th anniversary of the first two women to Justin Atkinson compete in the Rolex Sydney Hobart Yacht Race. Since inception last year, the Sustainability Working Group The Board, in developing the strategic direction for the has met monthly to work on continuously improving the CYCA has reinforced our focus on Members with one of the four strategic pillars being optimising value for members. While the Clubhouse is currently closed, we are reviewing our offering to Members and look forward to being able to welcome you back into the Club.
ARCHIVES SUB-COMMITTEE – Chaired by Director Bradshaw Kellett The Archives Committee has welcomed Martin James and Chris Iacono to the Committee. We had six primary projects underway in 2019/2020. The CYCA’s International Women’s Day breakfast was once again well supported.
16 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 The Associates Committee’s Ladies’ Night was a huge hit.
ASSOCIATES COMMITTEE – Chaired by President The Associates continue to be active in fundraising and Margaret Keelty working proactively for the Club and this year purchased a new outside notice board for the use of members wanting Thank you to the 15 members of the Associates Committee to advertise items for sale (near the sail locker). Fundraising whose commitment to driving social functions and activities activities also included: the sale of tea towels emblazoned for members resulted in the following successful events in with the 75th Club logo and listing race winners; assisting 2019: at the SOLAS dinner; a raffle to provide additional funds for • Ladies Night returned in May. More than 100 female the Children’s Christmas party; and our annual Christmas Members with their guests enjoyed a relaxed evening Hamper, which this year raised a record $3860 for Drought chatting and meeting other members and a wonderful Angels. fashion parade featuring our YSA members modelling the One of the goals of the Associates continues to be ensuring a 75th anniversary clothing. welcoming environment at the Club, not only with events but • The CYCA Market Day also returned in October and was also at the Club generally and this is achieved by activities another success, with lots of bargains and promoting such as putting up (and taking down) the Christmas sustainability by finding new homes for no longer needed decorations and volunteering during the busy lead up to the items. RSHYR.
• Trivia nights with a sailing twist continued on the 2nd It has been a pleasure and honour to be the President of Wednesday of each month during winter to keep members the Associates and to be part of this hard working and busy whilst there were no twilight races. committed team, who are always available to put a personal • The Hall of Fame and Member Anniversary dinner was touch on events, lend a hand when required and to help again a combined event to celebrate 20, 30, 40 and 50 year welcome long-standing and new members to the CYCA. memberships and to recognise the special achievements of CYCA members, which in 2019 included those of Kay Cottee and it was wonderful to meet and catch up with her at the dinner.
• The Children’s Christmas party was a great family afternoon with Santa arriving by water to the delight of young and old.
• The Crew party was huge and great fun, starting in the Rolex Village again and then moving to the Clubhouse
when the band started playing in the Morna room. The CYCA Hall of Fame and Member Anniversary Dinner proved a popular evening.
Club’s approach to the re-use, recycling and reduction of • Continued reduction of single-use plastic items waste. The group focuses on all aspects of the club and works In late 2019, the Club was successful in securing a community with other Committees and Club management to help inform grant for the purchase of six SeaBins, which will be installed Members and implement practical approaches that support around the marina and will assist in keeping the marina environmentally sustainable practices for sailing and broader clean as well as helping to capture and reduce waste within club operations. This year the Club has been active with a Rushcutters Bay. We are also working with our waste number of activities and initiatives such as: management providers to leverage ‘return and earn’ options • Clean Up Australia - in March 2020 a group of Members and for the many recyclable bottles and cans so that the Club can Darling Point locals spent the day collecting rubbish from look to reinvest funds for the betterment of Members. around the marina and Club grounds The Sustainability Working Group appreciates the input of • Working towards Clean Marina accreditation as part of the many Members who have shared their ideas on how we can International Clean Marina standards continue to improve. Through our efforts we want to continue • Working towards Clean Regatta accreditation in line with to demonstrate that, as sailors, we care about the state of our many major regattas around the world waterways and a show leadership within our community.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 17 / PREMISES 2019 2020 COMMITTEE
Treasurer Arthur Lane
The Premises Committee oversees capital work at the Club. The Committee has reviewed and updated the license Capital works expenditure over the past year has been on: agreements, Marina By-laws and the Marina Berthing Policy. These will progressively be given to berth holders as their • The much-needed upgrade to the larger of the two existing agreements expire. The Marina presently houses carparks including security gates, security lighting and about 212 vessels however as there are also about 175 night lighting. The new gates together with the ‘smart yachts on the waiting list the Committee have spent time card’ system (your Membership card) have given our on developing a policy for having inactive vessels removed. Management Team greater control over the usage of the The Board has accepted the Committee’s recommendation bays for Members of the Club. The Board has also taken a with regard to inactive vessels on the Marina in order to far more stringent approach on Members who deliberately reduce the waiting list for active Members requiring berths. park in no-parking areas, emergency-only and accessible A matrix has also been developed providing a fairer and parking spaces. more transparent method for assessing the difficult task of • The timber piles and substructure to the lower deck was allocating berths once available. The Committee are also strengthened to comply with the revised loading capacity reviewing the continuing status of berth holders who are standards. consistently not timely with payment of their marina fees.
• A further 10 lockers have been acquired to supplement the The proposal for re-aligning the berths at the end of A-Arm, ones presently on the hardstand. from east-west berths to north-south orientated berths, has been reconsidered and will form part of an application Our Management Team have again demonstrated their request to Authorities to convert the existing casual berths dedication on the very effective preventative maintenance to permanent berths. schedule. They work within strict budgeting capital expenditure restraints and their ability and agility to deal I would also like to acknowledge and thank the Committee with and resolve the very many unexpected issues that arise for all its very valuable input, oversight and time over the ensures that all the Club’s assets and facilities are maintained past year. Having the knowledge, skills and diverse abilities at the highest standards for use by Members. of Past Commodore Kerry Roxburgh, past Directors Peter Shipway and Andrew Wenham, Directors Bradshaw Kellett The efforts that Tom Giese, Max Leonard, Stephen Cole, Max and David Jacobs and Member Kieran Wallis has allowed Henderson and Manuel Bonacini put into the day-to-day this Committee to work through and successfully resolve management and maintenance of the buildings, Marina and the many issues that have arisen over the year. the site to make our use of the facilities so accessible are The entire operation of the Cruising Yacht Club of Australia, on and off the water, very much appreciated. comes from strong governance and effective implementation.
18 / SPECIAL EVENTS 2019 2020 COMMITTEE
Commodore Paul Billingham
In 2018, in preparation for the 75th anniversary of the was very focussed on delivering a broader coverage of Club, the Rolex Sydney Hobart Yacht Race Committee the race start. It worked with Channel 7 to ensure that its was expanded and rebadged to cover the range of one- cameras focussed on all the great stories in the middle of off events and activities that would happen at the Club the fleet and towards the back, not just those captivating in 2019. match racing supermaxis (will we ever see five 100-footers race together again?). This saw coverage of the main fleet It cut its teeth overseeing the hugely successful Invictus increase from 15 per cent of the broadcast in 2018 to 65 per Games but came into its own this year to be not just the cent in 2019 – a resounding success. driving force behind the success of the 75th race, but also the Veterans Regatta, Commodore’s Ball and many other Another standout for me was the efforts of our amazing celebrations. Sailing Office team – I heard nothing but compliments from competitors throughout. Its main focus was, however, the Great Race and, with the incredible commitment of the Management team and The Committee’s success I attribute to the diversity of Volunteers, the Club ran a hugely successful 75th with skills and experience that came together. So, thank you the largest global and domestic following in the history Vice Commodore Noel Cornish, Rear Commodore Janey of the race. Treleaven, Directors Justin Atkinson and Leander Klohs, Past Commodores David Kellett and Martin James, Life The race organisation was exemplary and, despite the Members Kendi Kellett and Peter Shipway and Members forced cancellation of the Grinders Coffee SOLAS Big Katherine Bennett, Julia Owens and Caz Grant for your Boat Challenge due to the bushfires, the four-line start on dedication in supporting myself and Past CEO Eddie Boxing Day was perfect and Sydney saw our Club, and our Moore along with the senior management team of Justine sport, at its very best. Kirkjian, Marina Gibson, Nick Janzen, Amanda Brodie and The Committee spent many hours to deliver this result Fiona Cole to deliver this race. including: The 75th race was such a big part of all of our lives for well • Leading the strong relationship with finishing partner, over a year - and I shall never forget spending Christmas RYCT led by the excellent Commodore Tracy Matthews; morning on the phone with Race Committee Chair David Jordan, tracker supremo Martin James and Radio Relay • Driving the successful development and launch of Rob Vessel leader David Kellett working on contingency plans Mundle’s book “The Sydney Hobart Yacht Race”; for a smoky Sydney harbour and thinking about the clarity • With the inspiration of the Kellett family, commissioning of radio signals 50 miles offshore! an original oil painting by Ian Hansen commemorating the race presented to Rolex (with a copy in each of the CYCA and RYCT Clubhouses);
• Helping deliver sold-out functions including the Corporate Lunch, Skippers’ party and, with the Associates Committee, the Crew party;
• Supporting Amanda Brodie to reimagine and uplift in the shore-side experience in Sydney and Hobart; and
• Most importantly, working with the Sailing Office, Race Committee, volunteers, skippers and crews to deliver one of the safest races, with the lowest attrition rate, in history!
Outside of these activities the Committee The 2019 Rolex Sydney Hobart Yacht Race, the 75th Sydney Hobart, was a stunning success.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2019 19 AUDIT PLANNING & 2019/2020 RISK COMMITTEE REPORT
Vice Commodore Noel Cornish AM
The members of this Committee are: Rear Commodore would like to express my gratitude to the Management, Janey Treleaven, Treasurer Arthur Lane, Director David the Committee and the Board for their dedication and Jacobs, Thomas Barker, Peter Gothard, Amanda Wilmot, commitment to enhancing the governance and the risk Steven York and Peter Whitford SC. management function at our Club.
The Committee continued to undertake its traditional role of planning, overseeing, reviewing and monitoring the financial, commercial and legal matters that underpin the functioning of our Club such as operating budgets, capital expenditure, annual accounts, auditor’s reports, critical communications, I would like to express my contracts, grant applications, sponsorship agreements, gratitude to the management, insurances and race arrangements. the Committee and the Board As the complexity of managing the business and activities at the CYCA is increasing both on and off the water, I “for their dedication and commitment
20 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 CYCA SOLAS TRUST 2019/2020 REPORT
David Kellett AM
The CYCA Sydney Hobart Race SAFETY OF LIFE AT SEA We are sure the next financial year will be a difficult year for Trusts (CYCA SOLAS TRUSTS) were established following fund raising. the tragic loss of six lives in the 1998 Sydney Hobart Yacht In closing, I wish to thank my fellow Trustees for their Race. They continue to raise funds for disbursement to ongoing commitment to this great charity, Matt Allen, Paul needy families and safety organisations. Billingham, David Gotze, Leander Klohs, Arthur Lane as well The CYCA SOLAS Trusts have a 100-per-cent flow through as the support of Vice Commodore Noel Cornish. to the beneficiary from donations making the Trusts truly The CYCA Members should be proud of the activities of the unique and with great impact, with administration and SOLAS Trusts. management costs to run the Trusts absorbed by the CYCA.
Due to the support of the CYCA Board and the genorosity of several notable benefactors, we have raised in excess of $140,000 this year; while distributing more than $100,000 towards several search and rescue projects in NSW and Queensland. The funds were put towards new motors for rescue vessels, upgrade to radio systems and night vision cameras which help all water users, not just ocean racers.
The annual SOLAS dinner co-ordinated by Kendi Kellett was held in October with Olympic Coach and long-time Club Member Mike Fletcher as the guest speaker. The evening a great success attended by more than 150 Members and supporters who raised in excess of $30,000.
Newcastle Cruising Yacht Club continued as a great supporter of SOLAS and held a dinner in their Clubhouse in November with round the world, Olympic yachtsman and local Member Chris Nicholson as guest speaker. Another exceptional evening with terrific auction prizes donated by local businesses raised $13,000 on the night. Our thanks go to Commodore Steve Rae and General Manager Paul O’Rourke and their members for their wonderful support.
SOLAS has also become an integral part of the Rolex Sydney Hobart Yacht Race Corporate Lunch in December where we raised a further $20,000.
2020 has turned out to be a difficult year for many and The Rolex Sydney Hobart Yacht Race Corporate Lunch is one of many events that SOLAS is bracing for a call for support from many quarters. benefits the great work of the CYCA SOLAS TRUSTS.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 21 / DIRECTORS’ 2019 2020 REPORT
The Directors of the company at any time during or since the end of the financial year are:
Name and qualifications Age Experience and special responsibilities
Mr Paul Billingham Director since July 2006 FCA, FGIA, GAICD, RITP Sydney Office Chair and Head of Consulting, Grant Thornton Australia Ltd Non-executive Director 51 Director, CYCA SOLAS Limited Commodore Chairperson, Special Events Committee Owner – Defiant
Mr Noel Cornish AM Director since July 2013 B.Sc., M.Eng.Sc., FAICD Chairperson, Audit, Planning & Risk Committee Hon. FUOW 70 Chairman IMB Bank, Non-executive Director Chairman University of Wollongong Malaysia, Vice Commodore Director Forest Corporation NSW Owner – St Jude
Ms Janey Treleaven Director since July 2014 B.Info Systems Executive Manager, Commonwealth Bank of Australia Non-executive Director 40 Chairperson, Member Engagement Committee Rear Commodore Member, Audit, Planning & Risk Committee Owner – Finn Member, Sailing Committee
Dr Samuel Haynes BSc BVMS GCM (VP) Director since July 2016 Non-executive Director 56 Veterinarian, Sydney Animal Hospitals Rear Commodore Chairperson, Sailing Committee Owner – Celestial
Director since July 2010 Mr Arthur Lane Investment Banker B.Sc.(Q.S), M.A.(T.P) Corporate Governance KPMG Advisory Non-executive Director 72 Director, CYCA SOLAS Limited Treasurer Chairperson, Premises Committee Owner – Wilde Rush Director, CYCA Sailing Foundation Member, Audit, Planning & Risk Committee
Director since July 2014 Ms Leander Klohs Executive Manager, City of Sydney BA Comms 44 Director, CYCA SOLAS Limited Non-executive Director Deputy Chair, Member Engagement Committee
Mr Justin Atkinson Director since July 2018 BA Mgmt, M.Mgmt Sales Director 48 Non-executive Director Deputy Chair, Member Engagement Committee Owner – Kia Kaha Board Representative, Cruising Committee
Director since July 2018 Mr David Jacobs Solicitor BA, LLM Member, Premises Committee 70 Non-executive Director Deputy Chair, Audit, Planning & Risk Committee Owner – First Light Director, Fine Music Sydney Member, Audit, Planning & Risk Committee
Director since July 2018 Mr Bradshaw Kellett Director, B-sure Boating Services Pty Ltd Yachtmaster IV Deputy Chair, Sailing Committee 44 Non-executive Director Member, Member Engagement Committee Owner - Electra Member, Premises Committee Chair, Archives Committee
22 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Your Directors present their report on the company for the year ended 31 March 2019
Directors’ meetings
The number of directors’ meetings (including meetings of committees of directors) and number of meetings attended by each of the directors of the company during the financial year are:
Board MEETINGS OTHER MEETINGS Number of Number of Number of Number of Director Meetings Attended Meetings Held Meetings Attended Meetings Held
Paul Billingham 12 12 10 14
Noel Cornish 12 12 19 19
Janey Treleaven 11 12 27 35
Samuel Haynes 8 12 9 9
Arthur Lane 11 12 18 21
Leander Klohs 12 12 7 19
Justin Atkinson 12 12 11 14
David Jacobs 12 12 17 21
Bradshaw Kellett 8 12 13 30
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 23 DIRECTORS’ REPORT CONT.
Principal activities Review and results of operations
The principal activities of the company during the course of the The result from ordinary activities for the year amounted to a financial year were to promote participation in yachting, including loss of $679,534 (2019: $1,018,873 loss). This result was after the sport of sailing and to provide ocean racing facilities, training charging $1,561,900 (2019: $1,044,995) for depreciation and and other yachting facilities and competitions for its members. amortisation, which increased significantly upon adoption of new accounting standards AASB16 Leases There were no significant changes in the nature of the activities of the company during the year. Dividends
Objective The company is a non-profit organisation and is prevented by its constitution from paying dividends. The Company’s short and long term objective is to be the premier keelboat racing club in Australia and to offer a sailing State of affairs program that caters to a broad range of interests and skill levels. In the opinion of the directors, there were no significant Strategy for achieving objective changes in the state of affairs of the company that occurred To achieve this objective, the Company had adopted the during the financial year under review. following short and long term strategies: Environmental regulation • Leadership in Sailing by continuously delivering the best blue The company’s operations are subject to various environmental water racing program (including elite pathways and influence regulations under both Commonwealth and State legislation. in the sport) in Asia Pacific, The Board believes that the company has adequate systems in • Building on-water activities by creating breadth and depth place for the management of its environmental requirements in our sailing program to provide greater opportunity for and is not aware of any breach of those environmental Members to sail and engage with on water activities, requirements as they apply to the company. • Optimise value for members by attracting and retaining active Members, and Likely developments
• Developing great people, by supporting the people who The directors do not anticipate any further development in support Members the operations of the Club which will affect the results in subsequent years. These strategies helped the company to achieve its objective during the year as evidenced by the over-whelming positive Events subsequent to reporting date response to the 75th Rolex Sydney Hobart race, the Audi Centre Sydney Blue Water Pointscore Series, the success of our Youth By late 2019, a limited number of cases of an unknown virus Sailing Academy graduates and our ability to attract and retain had been reported to the World health Organisation. Following new Members and Employees. the subsequent spread of the virus, on 11 March 2020 the World Health Organisation declared the COVID-19 outbreak to be a Membership pandemic.
The Club is a Company limited by guarantee and without share As the COVID-19 virus was identified in March 2020, the figures capital. The number of members as at 31 March 2020 and the in the annual report as at 31 March 2020 reflect the conditions comparison with last year is as follows: known as at 31 March 2020 and they do factor in the initial effects of COVID-19, including the impact of the closure of the 2020 2019 No. No. Club house from 16 March 2020 onwards. However, as the virus is ongoing as at 26 May 2020, it is also Number of Members 3,080 2,963 considered to be a significant event continuing to occur after the reporting period. As such, management will continue to consider the potential implications of coronavirus, which Contribution in winding up includes disruptions to the Clubhouse operations and slowing The Company is incorporated under the Corporations Act of sales, given changes in customers’ circumstances which has 2001 and is a Company limited by guarantee. If the Company resulted in a decrease in revenue for the months of April and is wound up, the constitution states that each member is May 2020 when compared to prior years. Management expects required to contribute a maximum of $2 each towards meeting this to return to normalised levels in the short-to-medium term. any outstanding obligations of the entity. At 31 March 2020, However, the coronavirus is unprecedented and as such the the total amount that members of the Company are liable to Company will pay close attention to the development of the contribute if the Company wound up is $6,160 (2019: $5,926). situation and will continue to assess its impact on operations.
24 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 DIRECTORS’ REPORT CONT.
Apart from the above, no other matters or circumstances Liability Insurance. The insurance is in respect of legal liability for have occurred subsequent to year end that have significantly damages and legal costs within an annual limit of $10,000,000 affected or may significantly affect the operations of the (subject to a sub limit of in any one insurance period) arising Company, the results of those operations or the state of affairs from claims made by reason of any omissions or acts (other than of the Company or economic entity in subsequent financial dishonesty) by them, whilst acting in their individual or collective years. capacity as directors or officers of the company, towards which the directors of the company contribute. Proceedings on behalf of company The insurance premiums relate to: No person has applied to the Court under section 237 if the • costs and expenses incurred by the relevant officers in Corporations Act 2001 for leave to bring proceedings on behalf defending proceedings, whether civil or criminal and whatever of the company, or to intervene in any proceedings to which the their outcome; and Company is a party, for the purpose of taking responsibility on behalf of the company for all or part of those proceedings. • other liabilities that may arise from their position, with the No proceedings have been brought or intervened in on behalf exception of conduct involving a wilful breach of duty or of the company with leave of the Court under section 237 of improper use of information or position to gain a personal the Corporations Act 2001. advantage.
Indemnification and insurance of officers The company has provided for and paid premiums to the value of $5,983 (2019: $6,324) during the year for Management
AUDITOR’S INDEPENDENCE 2019/2020 DECLARATION
A copy of the auditor’s independence declaration as required under section 307 of the Corporations Act 2001 is set out on page 26.
This report is made in accordance with a resolution of directors.
P Billingham A Lane Commodore Treasurer Sydney, 26 May 2020 Sydney, 26 May 2020
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 25 AUDITOR’S INDEPENDENCE 2019/2020 DECLARATION
Auditor’s Independence Declaration As lead auditor for the audit of Cruising Yacht Club of Australia for the year ended 31 March 2020, I declare that to the best of my knowledge and belief, there have been:
(a) no contraventions of the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and (b) no contraventions of any applicable code of professional conduct in relation to the audit.
Auditor’s Independence Declaration As lead auditor for the audit of Cruising Yacht Club of Australia for the year ended 31 March 2020, I declare that to the best of my knowledge and belief, there have been:
Chamilka(a) no contraventions Ratwatte of the auditor independence requirements of the Corporations Act 2001Sydney in Partnerrelation to the audit; and 26 May 2020 PricewaterhouseCoopers(b) no contraventions of any applicable code of professional conduct in relation to the audit.
Chamilka Ratwatte Sydney Partner 26 May 2020 PricewaterhouseCoopers
PricewaterhouseCoopers, ABN 52 780 433 757 One International Towers Sydney, Watermans Quay, Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T: +61 2 8266 0000, F: +61 2 8266 9999, www.pwc.com.au Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 T: +61 2 9659 2476, F: +61 2 8266 9999, www.pwc.com.au
Liability limited by a scheme approved under Professional Standards Legislation.
6
PricewaterhouseCoopers, ABN 52 780 433 757 26 CRUISINGOne YACHT International CLUB OF AUSTRALIA Towers ANNUAL Sydney, REPORT Watermans YEAR END MARCH Quay, 31 2020Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T: +61 2 8266 0000, F: +61 2 8266 9999, www.pwc.com.au Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 T: +61 2 9659 2476, F: +61 2 8266 9999, www.pwc.com.au
Liability limited by a scheme approved under Professional Standards Legislation.
6 STATEMENT OF 2019/2020 COMPREHENSIVE INCOME for the financial year ended 31 March 2020
2020 2019 Notes $ $
Revenue from contracts with customers 5 10,387,060 8,952,434
Cost of sales (1,156,928) (967,147)
Gross profit 9,230,132 7,985,287
Other income 5 144 10,223
Employee and employment expenses (3,522,582) (3,302,295)
Entertainment and members costs (219,116) (195,107)
Sailing event costs (780,018) (553,790)
Property expenses (1,063,427) (1,705,003)
Insurance (174,093) (141,724)
Repairs and maintenance (321,232) (331,034)
Temporary services (32,865) (31,581)
Consultancy and audit fees (483,092) (352,083)
Other operating expenses (995,693) (1,176,121)
Financing expenses 6 (755,792) (180,650)
Depreciation and amortisation expenses (1,561,900) (1,044,995)
(Loss) before income tax (679,534) (1,018,873)
Income tax expense - -
(Loss) for the year 16 (679,534) (1,018,873)
Operating (loss) for the year (679,534) (1,018,873)
Other comprehensive income - -
Total comprehensive (loss) for the year (679,534) (1,018,873)
The accompanying notes form an integral part of the financial statements.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 27 BALANCE 2019/2020 SHEET for the financial year ended 31 March 2020
2020 2019 Notes $ $
Current assets
Cash and cash equivalents 7 128,678 85,949
Trade and other receivables 8 123,742 767,563
Inventories 9 103,206 121,245
Other assets 10 215,633 160,836
Total current assets 571,259 1,135,593
Non-current assets
Property, plant and equipment 11 15,426,223 18,125,650
Right-of-use assets 15 15,098,207 -
Total non-current assets 30,524,430 18,125,650
Total assets 31,095,689 19,261,243
Current liabilities
Trade and other payables 12 1,011,934 1,363,831
Provisions 13 586,318 384,757
Borrowings 14 584,707 768,552
Contract Liabilities 1,376,938 1,349,206
Lease Liabilities 15 400,647 -
Total current liabilities 3,960,544 3,866,346
Non-current liabilities
Provisions 13 4,422,469 5,795,094
Borrowings 14 1,886,014 2,563,284
Lease Liabilities 15 14,469,677 -
Total non-current liabilities 20,778,160 8,358,378
Total liabilities 24,738,704 12,224,724
Net assets 6,356,985 7,036,519
Members' funds
Retained profits 16 6,356,985 7,036,519
Total members' funds 6,356,985 7,036,519
The accompanying notes form an integral part of the financial statements.
28 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 STATEMENT OF CHANGES IN EQUITY for the financial year ended 31 March 2020
Total attributable to the Retained profits members of the entity $ $ Balance at 31 March 2018 8,055,392 8,055,392
Loss and total comprehensive loss for the year (1,018,873) (1,018,873)
Balance at 31 March 2019 7,036,519 7,036,519
Loss and total comprehensive loss for the year (679,534) (679,534)
Balance at 31 March 2020 6,356,985 6,356,985
The accompanying notes form an integral part of the financial statements.
STATEMENT OF CASHFLOW for the financial year ended 31 March 2020
2020 2019 Notes $ $
Cash flows from operating activities
Cash receipts in the course of operations 12,691,943 10,252,031
Cash payments in the course of operations (10,421,512) (8,578,458)
Cash generated from operations 2,270,431 1,673,573
Interest paid (123,105) (77,283)
Net cash provided by investing activities 19 2,147,326 1,596,290
Cash flows from investing activities
Interest received 144 (1,313)
Payments for property, plant and equipment (668,396) (8,553,150)
Net cash used in/ provided by investing activities (668,252) (8,554,463)
Cash flow from financing activities
Proceeds from borrowings - 3,331,836
Repayment of borrowings (545,759) (491,970)
Principal elements of lease payments (890,586) -
Net cash provided by financing activities (1,436,345) 2,839,866
Net (decrease)/increase in cash held 42,729 (4,118,307)
Cash and cash equivalents at 1 April 85,949 4,204,256
Cash and cash equivalents at 31 March 7 128,678 85,949
The accompanying notes form an integral part of the financial statements.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 29 NOTES TO THE 2019/2020 FINANCIAL STATEMENTS for the financial year ended 31 March 2020
1 GENERAL INFORMATION current assets and financial instruments. Cost is based on the fair values of the consideration given in exchange for Cruising Yacht Club of Australia (“the Company”) is a assets. All amounts are presented in Australian dollars, company limited by guarantee and operating in Australia. unless otherwise noted. In accordance with the Constitution of the Cruising Yacht In the application of the company’s accounting policies, Club of Australia, every member of the company undertakes to contribute to the assets of the company. In the event of which are described within this note, management is the company being wound up, whilst he or she is a member required to make judgments, estimates and assumptions or within one year after he or she ceases to be a member and about carrying values of assets and liabilities that are not of the costs, charges and expenses of winding up such as readily apparent from other sources. The estimates and may be required, not exceeding $2 per member. associated assumptions are based on historical experience and various other factors that are believed to be reasonable The company has 3,080 (2019: 2,963 members) members at under the circumstance, the results of which form the basis year end. of making the judgments. Actual results may differ from Cruising Yacht Club of Australia’s registered office and its these estimates. principal place of business is 1 New Beach Road, Darling The estimates and underlying assumptions are reviewed Point, NSW 2027. on an ongoing basis. Revisions to accounting estimates are 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES recognised in the period in which the estimate is revised if the revision affects only that period or in the period of revision The principal accounting policies adopted in the preparation and future periods if the revision affects both current and of the financial report are set out below. These policies have future periods. been consistently applied to all the years presented, unless otherwise stated. Judgments made by management that have significant (a) Basis of preparation effects on the financial statements and estimates with a significant risk of material adjustments in the next year are These general purpose financial statements have been disclosed, where applicable, in the relevant notes to the prepared in accordance with Australian Accounting financial statements. Standards and Interpretations issued by the Australian Accounting Standards Board and the Corporations Act 2001. Accounting policies are selected and applied in a manner The financial statements also comply with other requirements which ensures that the resulting financial information of the law including the Registered Clubs Act. Cruising Yacht satisfies the concepts of relevance and reliability, thereby Club of Australia is a not-for-profit entity for the purpose of ensuring that the substance of the underlying transactions preparing the financial statements. or other events is reported.
The financial report complies with Australian Accounting (b) New and amended standards adopted by the Company Standards as issued by the Australian Accounting Standards The Company has applied the following standards and Board (AASB). amendments for the first time in their annual reporting The financial statements were authorised for issue by the period commencing 1 April 2019: directors on 26 May 2020. • AASB 2017-6 Amendments to Australian Accounting (i) Compliance with Australian Accounting Standards – Standards - Prepayment Features with Negative Reduced Disclosure Requirements Compensation
The financial statements of the Cruising Yacht Club of • AASB 2017-7 Amendments to Australian Accounting Australia comply with Australian Accounting Standards – Standards - Long-term Interests in Associates and Joint Reduced Disclosure Requirements as issued by the Australian Ventures Accounting Standards Board (AASB). • AASB 2018-1 Amendments to Australian Accounting (ii) Historical cost convention Standards - Annual Improvements 2015-2017 Cycle
The financial report has been prepared on the basis of • AASB 2018-2 Amendments to Australian Accounting historical cost, except for the revaluation of certain non- Standards - Plan Amendment, Curtailment or Settlement
30 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
• AASB 2018-4 Amendments to Australian Accounting to apply at the time of settlement. Standards - Australian Implementation Guidance for Not- Liabilities recognised in respect of employee benefits which for-Profit Public Sector Licensors are not expected to be settled within 12 months are measured • AASB 2018-8 Amendments to Australian Accounting at the present value of the estimated future cash outflows to Standards - Right-of-Use Assets of Not-for-Profit Entities be made by the company in respect of services provided by employees up to reporting date. • AASB 15 Revenue from contracts with customers
• AASB 16 Leases Long term service benefits
The Company also elected to adopt the following The Company’s net obligation in respect of long-term service amendments early: benefits is the amount of future benefit that employees have earned in return for their service in the current and prior • AASB 2018-7 Amendments to Australian Accounting periods. The obligation is calculated using expected future Standards - Definition of Material. increases in wage and salary rates including related on-costs The Company had to change its accounting policies as and expected settlement dates and is discounted using rates a result of adopting AASB 15 and AASB 16. The Company for Commonwealth Government bonds at the balance date elected to adopt the new rules retrospectively but which have maturity dates approximating to the terms of the recognised the cumulative effect of initially applying the new Company’s obligations. standard on 1 April 2019. This is disclosed in note 3. The other (g) Financial assets amendments listed above did not have any impact on the amounts recognised in prior years and are not expected to Loans and receivables significantly affect the current or future years. Trade receivables, loans, and other receivables that have (c) New accounting standards and interpretations not yet fixed or determinable payments that are not quoted in an adopted active market are classified as ‘loans and receivables’. Loans and receivables are measured at amortised cost using the Certain new accounting standards and interpretations effective interest method less impairment. have been published that are not mandatory for 31 March 2020 reporting periods and have not been early adopted Interest is recognised by applying the effective interest rate by the Company. These standards are not expected to have basis for debt instruments other than those financial assets a material impact on the entity in the current or future ‘at fair value through profit or loss’. reporting periods and on foreseeable future transactions. Impairment of financial assets
(d) Borrowing costs Financial assets, other than those at fair value through profit Borrowing costs directly attributable to the acquisition or loss, are assessed for indicators of impairment at each and construction of qualifying assets, which are assets that balance sheet date. Financial assets are impaired where there necessarily take a substantial period of time to get ready for is objective evidence that as a result of one or more events their intended use, are added to the costs of those assets, that occurred after the initial recognition of the financial until such time as the assets are substantially ready for their asset the estimated future cash flows of the investment have intended use. been impacted. For financial assets carried at amortised cost, the amount of the impairment is the difference between the (e) Cash and cash equivalents asset’s carrying amount and the present value of estimated Cash comprises cash on hand and deposits at call. Cash future cash flows, discounted at the original effective interest equivalents are short-term, highly liquid investments that are rate. readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value and have The carrying amount of the financial asset is reduced by a maturity of three months or less at the date of acquisition. the impairment loss directly for all financial assets with the exception of trade receivables where the carrying amount (f) Employee benefits is reduced through the use of an allowance account. When A liability is recognised for benefits accruing to employees in a trade receivable is uncollectible, it is written off against respect of wages and salaries, annual leave and long service the allowance account. Subsequent recoveries of amounts leave when it is probable that settlement will be required and previously written off are credited against the allowance they are capable of being measured reliably. account. Changes in the carrying amount of the allowance account are recognised in profit or loss. Liabilities recognised in respect of employee benefits expected to be settled within 12 months, are measured at If, in a subsequent period, the amount of the impairment loss their nominal values using the remuneration rate expected decreases and the decrease can be related objectively to an
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 31 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
event occurring after the impairment was recognised, the If the recoverable amount of an asset is estimated to be previously recognised impairment loss is reversed through less than its carrying amount, the carrying amount of the profit or loss to the extent the carrying amount of the asset is reduced to its recoverable amount. An impairment investment at the date the impairment is reversed does not loss is recognised immediately in profit or loss, unless the exceed what the amortised cost would have been had the relevant asset is carried at revalued amount, in which case impairment not been recognised. the impairment loss is treated as a revaluation decrease.
(h) Financial instruments issued by the company Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised Debt and equity instruments estimate of its recoverable amount, but only to the extent that Debt and equity instruments are classified as either liabilities the increased carrying amount does not exceed the carrying or as equity in accordance with the substance of the amount that would have been determined had no impairment contractual arrangement. loss been recognised for the asset (cash-generating unit) in Financial liabilities prior years. A reversal of an impairment loss is recognised in profit or loss immediately, unless the relevant asset is carried Financial liabilities are classified as either financial liabilities at fair value, in which case the reversal of the impairment loss ‘at fair value through profit or loss’ or other financial liabilities. is treated as a revaluation increase.
Other financial liabilities (j) Income tax Other financial liabilities, including borrowings, are initially No provision has been made for income tax as the measured at fair value, net of transaction costs. Company is exempt under Section 50-45 of the Income Tax Other financial liabilities are subsequently measured at Assessment Act (1997), provided it continues as a sporting amortised cost using the effective interest method, with club predominately encouraging and promoting the sport interest expense recognised on an effective yield basis. of yachting, boating, cruising for pleasure and the building and sailing of yachts and boats. Accordingly, tax effect The effective interest method is a method of calculating the accounting has not been adopted by the Company. amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate (k) Leases is the rate that exactly discounts estimated future cash As explained in note 2(b) above, the Company has changed payments through the expected life of the financial liability, its accounting policy for leases where the Company is the or, where appropriate, a shorter period. lessee. The new policy is described and the impact of the (i) Impairment of other tangible and intangible assets change is explained in note 3. At each reporting date, the company reviews the carrying Until 31 March 2019, leases of property, plant and equipment amounts of its tangible and intangible assets to determine where the Company, as lessee, had substantially all the risks whether there is any indication that those assets have and rewards of ownership were classified as finance leases. suffered an impairment loss. If any such indication exists, Finance leases were capitalised at the lease’s inception at the recoverable amount of the asset is estimated in order the fair value of the leased equipment or, if lower, the present to determine the extent of the impairment loss (if any). value of the minimum lease payments. The corresponding Where the asset does not generate cash flows that are rental obligations, net of finance charges, were included independent from other assets, the company estimates the in other short-term and long-term payables. Each lease recoverable amount of the cash-generating unit to which payment was allocated between the liability and finance the asset belongs. Where a reasonable and consistent basis cost. The finance cost was charged to profit or loss over of allocation can be identified, corporate assets are also the lease year so as to produce a constant periodic rate of allocated to individual cash-generating units, or otherwise interest on the remaining balance of the liability for each they are allocated to the smallest group of cash-generating year. The plant and equipment acquired under finance units for which a reasonable and consistent allocation basis leases were depreciated over the asset’s useful life, or over can be identified. the shorter of the asset’s useful life and the lease term, if there is no reasonable certainty that the Company will obtain Recoverable amount is the higher of fair value less costs to ownership at the end of the lease term. sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value Leases in which a significant portion of the risks and rewards using a pre-tax discount rate that reflects current market of ownership were not transferred to the Company as lessee assessments of the time value of money and the risks specific were classified as operating leases (note 18). Payments made to the asset for which the estimates of future cash flows have under operating leases (net of any incentives received from not been adjusted. the lessor) are charged to profit or loss on a straight-line
32 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
basis over the period of the lease. including buildings on leasehold land. Depreciation is calculated on a straight-line basis so as to write off the (l) Trade receivables net cost or other revalued amount of each asset over its Impairment of financial assets expected useful life to its estimated residual value. Leasehold The company applies the AASB 9 simplified approach improvements are depreciated over the period of the lease to measure expected credit losses which uses a lifetime or estimated useful life, whichever is the shorter, using the expected loss allowance for all trade receivables and contract straight-line method. assets. The estimated useful lives, residual values and depreciation Previous accounting policy for impairment of trade method are reviewed at the end of each annual reporting receivables period, with the effect of any changes recognised on a prospective basis. Trade receivables are recognised initially at fair value and subsequently measured at amortised cost using the effective The gain or loss arising on disposal or retirement of an interest method, less provision for impairment. Trade item of property, plant and equipment is determined as the receivables are generally due for settlement within 30 days. difference between the sales proceeds and the carrying They are presented as current assets unless collection is not amount of the asset and is recognised in the statement of expected for more than 12 months after the reporting date comprehensive income.
Collectability of trade receivables is reviewed on an ongoing The following estimated lives are used in the calculation of basis. Debts which are known to be uncollectible are written depreciation: off by reducing the carrying amount directly. An allowance Leasehold improvements 5 – 33 years / term of the lease account (provision for impairment of trade receivables) is Boats 2 – 10 years used when there is objective evidence that the company Plant and equipment 2 – 10 years will not be able to collect all amounts due according to Motor vehicles 8 years the original terms of the receivables. The amount of the impairment allowance is the difference between the asset’s (o) Trade and other payables carrying amount and the present value of estimated future These amounts represent liabilities for goods and services cash flows, discounted at the original effective interest provided to the company prior to the end of financial rate. Cash flows relating to short term receivables are not year which are unpaid. The amounts are unsecured and discounted if the effect of discounting is immaterial. are usually paid within negotiated terms. Trade and other payables are presented as current liabilities unless payment The amount of the impairment loss is recognised in profit is not due within 12 months from the reporting date. They or loss within other expenses. When a trade receivable are recognised initially at their fair value and subsequently for which an impairment allowance had been recognised measured at amortised cost using the effective interest becomes uncollectible in a subsequent period, it is written method. off against the allowance account. Subsequent recoveries of amounts previously written off are credited against other (p) Borrowings expenses in profit or loss. Borrowings are initially recognised at fair value, net of (m) Inventories transaction costs incurred. Borrowings are subsequently Inventories are valued at the lower of cost and net realisable measured at amortised cost. Any difference between the value. Net realisable value represents the estimated selling proceeds (net of transaction costs) and the redemption price less all estimated costs of completion and costs amount is recognised in profit or loss over the period of the necessary to make the sale. borrowings using the effective interest method. Fees paid on the establishment of loan facilities are recognised as (n) Property, plant and equipment transaction costs of the loan to the extent that it is probable Plant and equipment, leasehold improvements and that some or all of the facility will be drawn down. In this equipment under finance lease are stated at cost less case, the fee is deferred until the draw down occurs. To the accumulated depreciation and impairment. Cost includes extent there is no evidence that it is probable that some or expenditure that is directly attributable to the acquisition all of the facility will be drawn down, the fee is capitalised as of the item. In the event that settlement of all or part of a prepayment for liquidity services and amortised over the the purchase consideration is deferred, cost is determined period of the facility to which it relates. by discounting the amounts payable in the future to their Borrowings are classified as current liabilities unless the present value as at the date of acquisition. company has an unconditional right to defer settlement of Depreciation is provided on property, plant and equipment, the liability for at least 12 months after the reporting period.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 33 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
(q) Provisions the costs incurred or to be incurred cannot be measured reliably; there is a risk of return of goods; or there is continuing Provisions are recognised when the company has a present management involvement with the goods. obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle Subscriptions the obligation, and a reliable estimate can be made of the Subscription fees are taken into account on an accruals basis amount of the obligation. and the portion relating to the ensuing year is transferred to The amount recognised as a provision is the best estimate subscriptions in advance. of the consideration required to settle the present obligation Yard and marina at reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision The yard and marina revenue includes casual and permanent is measured using the cash flows estimated to settle the berthing fees, hardstand fees, locker fees and tender fees present obligation, its carrying amount is the present value provided to members and other patrons of the Club. Yard of those cash flows. and marina revenue is recognised when the goods or services are provided. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, Sailing revenue the receivable is recognised as an asset if it is virtually certain Sailing revenue consists of ferry charter fees, race entry fees, that reimbursement will be received and the amount of the sponsorship and other associated income. Sailing revenue receivable can be measured reliably. is recognised when the goods or services are provided for all revenue except sponsorship which is recognised as it Site restoration make good provision accrues. A provision for site restoration is recognised when an Rental income obligation exists to restore certain sites for the effect of the company’s operations. Rental income from property is recognised on a straight-line basis over the term of the lease. Lease incentives granted The provision is the best estimate of the present value of the are recognised as an integral part of the total rental income. expenditure required to settle the restoration obligation at the reporting date. The amount is reviewed every year and Interest revenue changes recognised at the end of the reporting period. Interest revenue is accrued on a time basis, by reference to (r) Revenue from contracts with customers the principal outstanding and at the effective interest rate applicable, which is the rate that exactly discounts estimated Revenue is measured at the fair value of the consideration future cash receipts through the expected life of the financial received or receivable. asset to that asset’s net carrying amount. The company recognises revenue when the amount of (s) Goods and Services Tax (GST) revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific Revenues, expenses and assets are recognised net of the criteria have been met for each of the company’s activities amount of associated GST, unless the GST incurred is not as described below. The company bases its estimates on recoverable from the taxation authority. In this case it is historical results, taking into consideration the type of recognised as part of the cost of acquisition of the asset or customer, the type of transaction and the specifics of each as part of the expense. arrangement. Receivables and payables are stated inclusive of the amount Revenue is recognised for the major business activities using of GST receivable or payable. The net amount of GST the methods outlined below. recoverable from, or payable to, the taxation authority is included with other receivables or payables in the balance Goods sold and services rendered sheet. Revenue from the sale of goods comprises revenue earned Cash flows are presented on a gross basis. The GST from the provision of beverage and other goods and is components of cash flows arising from investing or financing recognised in the statement of comprehensive income when activities which are recoverable from, or payable to the the significant risks and rewards of ownership have been taxation authority, are presented as operating cash flows. transferred to the buyer. Revenue from services to members and other patrons of the Company is recognised in the 3 CHANGES IN ACCOUNTING POLICIES statement of comprehensive income when the services are This note explains the impact of the adoption of AASB 15 provided. No revenue is recognised if there are significant Revenue from Contracts with Customers and AASB 16 uncertainties regarding recovery of the consideration due; Leases on the Company’s financial statements.
34 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
(a) AASB 15 Revenue from Contracts with Customers are only applied after that date. This did not result in any measurement adjustments for residual value guarantees or AASB 15 Revenue from Contracts with Customers is based for variable lease payments based on an index or rate. The on the principle that revenue is recognised when control of remeasurements to the lease liabilities were recognised as a good or service transfers to a customer, so the concept of control has replaced the previous criteria of the transfer of adjustments to the related right-of-use assets immediately risks and rewards in order for revenue to be recognised. after the date of initial application.
A new five-step process is applied before revenue is (i) Practical expedients applied recognised: In applying AASB 16 for the first time, the Company has • identify contracts with customers, used the following practical expedients permitted by the standard: • identify the separate performance obligation, • applying a single discount rate to a portfolio of leases with • determine the transaction price of the contract, reasonably similar characteristics; • allocate the transaction price to each of the separate • relying on previous assessments on whether leases are performance obligations, and onerous as an alternative to performing an impairment • recognise the revenue as each performance obligation is review - there were no onerous contracts as at 1 April 2019; satisfied. • accounting for operating leases with a remaining lease Practical expedients applied term of less than 12 months as at 1 April 2019 as short-term The Company has chosen the simplified transition method, it leases; may elect to apply AASB 15 retrospectively only to contracts • excluding initial direct costs for the measurement of the that are not completed at the date of initial application (1 right-of-use asset at the date of initial application; and April 2019). • using hindsight in determining the lease term where the The Company has adopted AASB 15 Revenue from Contracts contract contains options to extend or terminate the with Customers from 1 April 2019. This has resulted in changes lease. to the accounting policies for the Company’s material revenue streams but has not resulted in any changes as to The Company has also elected not to reassess whether how revenue is recognised by the Company. a contract is or contains a lease at the date of initial application. Instead, for contracts entered into before the (b) AASB 16 Leases transition date the Company relied on its assessment made As indicated in note 2(b) above, the Company has adopted applying AASB 117 and Interpretation 4 Determining whether AASB 16 Leases retrospectively from 1 April 2019 but has an Arrangement contains a Lease. not restated comparatives for the 2019 reporting year. The (ii) Measurement of lease liabilities reclassifications and the adjustments arising from the new leasing rules are recognised in the opening balance sheet on 2019 1 April 2019. $ The new accounting policies and adoption methods are Operating lease commitments disclosed 20,851,184 disclosed in note 15. On adoption of AASB 16, the Company as at 31 March 2019 recognised lease liabilities in relation to leases which had Discounted using the lessee’s incremental 14,665,491 previously been classified as ‘operating leases’ under the borrowing rate at the date of initial principles of AASB 117 Leases. These liabilities are measured application at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate as Add: finance lease liabilities recognised as 316,779 of 1 April 2019. The weighted average lessee’s incremental at 31 March 2019 borrowing rate applied to the lease liabilities on 1 April 2019 was 3.48%. Lease liability recognised as at 1 April 14,982,270 For leases previously classified as finance leases the Company 2019 recognised the carrying amount of the lease asset and lease Of which are: liability immediately before transition as the carrying amount Current lease liabilities 390,116 of the right of use asset and the lease liability at the date of Non-current lease liabilities 14,592,154 initial application. The measurement principles of AASB 16
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 35 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
4 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that may have a financial impact on the entity and that are believed to be reasonable under the circumstances.
(a) Critical accounting estimates and assumptions The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
(i) Make good provision
This provision represents the present value of the directors’ best estimate of the future sacrifice of economic benefits that will be required to settle the site restoration make good obligations pursuant to the company’s lease of land and waterways. The estimate has been made on the basis of a cost estimate obtained from a Quantity Surveyor which has been projected to a future value using an escalation rate. The escalation rate is the equivalent of CPI and, where applicable, additional escalation for specific elements of the leased property. The discount rate applied to bring this future value back to its present value carrying amount is based on the incremental borrowing rate.
36 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
5 Revenue from contracts with customers
2020 2019 $ $
Revenue from sale of goods – bar, food and merchandise sales 2,879,056 2,520,600
Revenue from rendering of services – berthing, hardstand and sponsorship 5,606,743 4,760,630
Revenue from Race entry 487,760 379,500
Subscription revenue 1,165,534 1,132,335
Rental income (inc function room rental) 247,967 159,369
10,387,060 8,952,434
Other income
Interest revenue 144 10,223
10,387,204 8,962,657
(a) Disaggregation of revenue from contracts with customers
The Company derives revenue over time and at a point in time as follows:
2020 2019 $ $
Timing of revenue recognition
At a point in time 3,366,816 2,520,600
Over time 7,020,244 6,431,834
Total revenue 10,387,060 8,952,434
(b) Presentation of assets and liabilities related to contracts with customers
The Company has also voluntarily changed the presentation of certain amounts in the balance sheet to reflect the terminology of AASB 15, including Contract liabilities in relation to sponsorship agreements, berthing fees, hardstand fees, and subscription revenue which were previously presented as income received in advance ($1,349,206 as at 31 March 2019).
(c) Practical expedients applied
The Company has chosen the simplified transition method, and has elected to apply AASB 15 retrospectively only to contracts that are not completed at the date of initial application (1 April 2019).
6 Financing expenses
2020 2019 $ $
Interest expense on external borrowings 123,105 77,283
Other interest expense – unwind of make good provisions discount 103,367 103,367
Other interest expense – unwind of lease liability discount 529,320 -
Financing expenses 755,792 180,650
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 37 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
7 Cash and cash equivalents
2020 2019 $ $
Cash at bank 127,488 64,244
Cash on hand 1,190 21,705
128,678 85,949
8 Trade and other receivables
2020 2019 $ $
Trade receivables 110,578 756,027
Allowance for doubtful debts - -
110,578 756,027
Interest receivable 5,279 11,536
GST receivable 7,885 -
123,742 767,563
Ageing of past due but not impaired trade and other receivables
0-60 days 96,941 44,728
60-90 days 14,866 684,975
90-120 days 11,935 26,324
Total 123,742 756,027
9 Inventories
2020 2019 $ $
Finished goods – beverages and clothing 103,206 121,245
10 Other current assets
2020 2019 $ $
Prepayments 215,633 160,836
38 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
11 Property, plant and equipment
Leasehold Plant and Boats Total improvements equipment $ $ $ $ Cost
Balance at 31 March 2018 20,752,291 1,564,223 2,578,357 24,894,871
Additions 7,611,744 35,146 23,602 7,670,492
Disposals (57,458) - - (57,458)
Adjustments/transfers 940,115 - - 940,115
Balance at 31 March 2019 29,246,692 1,599,369 2,601,959 33,448,020
Adjustment for change in accounting (3,005,925) - (557,308) (3,563,233) policy (see note 3(b))
Rested balance at 31 March 2019 26,240,767 1,599,369 2,044,651 29,884,787
Additions 312,314 48,934 51,959 413,207
Adjustments/transfers (29,369) 1,201 30,954 2,786
Balance at 31 March 2020 26,523,712 1,649,504 2,127,564 30,300,780
Accumulated depreciation and Amortisation
Balance at 31 March 2018 11,805,508 1,043,794 1,428,074 14,277,376
Charge for the year 640,332 133,940 240,396 1,014,668
Disposals 30,326 - - 30,326
Balance at 31 March 2019 12,476,166 1,177,734 1,668,470 15,322,370
Adjustment for change in accounting (1,151,804) - (240,546) (1,392,350) policy (see note 3(b))
Rested balance at 31 March 2019 11,324,362 1,177,734 1,427,924 13,930,020
Charge for the year 745,229 108,453 113,882 967,564
Adjustments/transfers (7,532) (13,369) (2,126) (23,027)
Balance at 31 March 2020 12,062,059 1,272,818 1,539,680 14,874,557
Net book value
Balance at 31 March 2019 16,770,526 421,635 933,489 18,125,650
Balance at 31 March 2020 14,461,653 376,686 587,884 15,426,223
(a) Additions for the year ended 31 March 2020 include work-in-progress balances classified as leasehold improvements of $31,177.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 39 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
12 Trade and other payables
2020 2019 $ $
Trade payables (i) 445,209 726,667
Marina deposits from tenants 353,632 346,601
GST payable - 13,641
Other payables and accrued expenses 213,093 276,922
1,011,934 1,363,831
(i) The average credit period on trade payables is 30 days. There is no interest charged on trade or other payables.
13 Provisions
2020 2019 $ $
Current
Employee benefits (a): 428,720 197,043
Make good provision (b) : 157,598 187,714
586,318 384,757
Non-current
Employee benefits (a): 51,402 163,672
Make good provision (b): 4,371,067 5,631,422
4,422,469 5,795,094
Information about individual provisions and significant estimates:
(a) Employee benefits The provision for employee benefits relates to Cruising Yacht Club of Australia’s liability for long service leave and annual leave.
(b) Site restoration make good provision Cruising Yacht Club of Australia is required to restore the leased sites to their original condition at the end of the respective lease terms. A provision has been recognised for the present value of the estimated expenditure required to remove any leasehold improvements. These costs have been capitalised as part of the cost of leasehold improvements and are amortised over the shorter of the term of the lease or the useful life of the assets.
Movements in Provisions
Movements in each class of provision during the financial year, other than employee benefits, are set out below:
2020 2019 $ $
Current year site restoration make good provision movement:
Balance at 1 April 5,819,136 4,793,428
Unwind of discount 103,367 103,367
Changes in existing make good provisions (1,393,838) 922,341
Balance at 31 March 4,528,665 5,819,136
40 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
14 Borrowings
2020 2019 $ $
Current
Bank loans 584,707 768,552
Non-current
Bank loans 1,886,014 2,563,284
2,470,721 3,331,836
15 Leases
(a) Amounts recognised in the balance sheet The balance sheet shows the following amounts relating to leases:
2020 2019 $ $
Right-of-use assets
Land 7,350,752 -
Marina 6,831,261 -
Make good assets 437,856 -
Equipment 478,338 -
15,098,207 -
Lease liabilities -
Current 400,647 -
Non-current 14,469,677 -
Additions to the right-of-use assets during the current financial year were $nil.
(b) Amounts recognised in the statement of comprehensive income The income statement shows the following amounts relating to leases:
2020 2019 $ $
Depreciation charge of right-of-use assets
Land 250,594 -
Marina 232,884 -
Make good assets 54,485 -
Equipment 95,668 -
Statement of comprehensive income 633,631 -
Interest expense (included in finance cost) 529,320 -
The total cash outflow for leases in 2020 was (890,586) -
Net incremental charge to income statement due to adoption of AASB 16* 272,365 -
(*before exclusion of pre-existing make good and finance lease depreciation)
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 41 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
(c) The company’s leasing activities and how these are accounted for The company leases the land and marina at 1 New Beach Road, which expires in 30 June 2049. The company also rents equipment, which are typically made for a fixed period of 5 years but may have extension options as described in (e) below.
Contracts may contain both lease and non-lease components. The company allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate for which the company is a lessee, it has elected not to separate lease and non-lease components and instead accounts for these as a single lease component.
Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions.
The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets are used as security for borrowing purposes.
Until the 2019 financial year, leases of property, plant and equipment were classified as either finance leases or operating leases, see note 1(k) for details. From 1 April 2019, leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the company.
Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments:
• fixed payments (including in-substance fixed payments), less any lease incentives receivable
• variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date
• amounts expected to be payable by the company under residual value guarantees
• the exercise price of a purchase option if the company is reasonably certain to exercise that option,
• Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability.
The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the company, the lessee’s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.
To determine the incremental borrowing rate, the Company:
• where possible, uses recent third-party financing received by the individual lessee as a starting point, adjusted to reflect changes in financing conditions since third party financing was received
• uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leases, which does not have recent third- party financing, and
• make adjustments specific to the lease, e.g. term, country, currency and security
The company is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.
Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each year.
Right-of-use assets are measured at cost comprising the following:
• the amount of the initial measurement of lease liability
• any lease payments made at or before the commencement date less any lease incentives received
• any initial direct costs, and
• restoration costs.
Right-of-use assets are generally depreciated over the shorter of the asset’s useful life and the lease term on a straight-line basis. If the company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life. While the company re-values its land and buildings that are presented within property, plant and equipment, it has chosen not to do so for the right-of-use buildings held by the company.
(d) Variable lease payments Lease payments for some contracts include CPI increases, but there are no other variable lease payments that depend on an index or rate. Where considered necessary to reduce credit risk, the group may obtain bank guarantees for the term of the lease.
42 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
(e) Extension and termination options Extension and termination options are included in a number of property and equipment leases across the company. The majority of extension and termination options held are exercisable only by the company and by the respective lessor.
(f) Residual value guarantees The company sometimes provides residual value guarantees in relation to equipment leases.
16 Retained profits
2020 2019 $ $
Balance at 1 April 7,036,519 8,055,392
Total recognised income and expenses (679,534) (1,018,873)
Balance at 31 March 6,356,985 7,036,519
17 Financial instruments
(a) Capital risk management The capital structure of the company includes cash and cash equivalents and retained earnings. The company has an existing loan facility with St George Bank, an equipment Finance facility with ANZ/Esanda and St George Bank and an equipment agreement with Sharp/National Equipment Rentals.
(b) Categories of financial instruments
2020 2019 $ $
Financial assets
Trade and other receivables 123,742 767,563
Cash and cash equivalents 128,678 85,949
Financial liabilities
Loans and payables 2,470,721 3,331,836
Trade and other payables 1,011,934 1,363,831
The carrying amount reflected above represent the company’s maximum exposure to credit risk for such loans and receivables.
Other payables include Marina security deposits
(c) Financial risk management objectives The Directors manage the financial risks relating to the operations of the company. These risks include credit risk and liquidity risk. The company does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes.
(d) Market risk The company’s only exposure to market risk is the effect of changes in interest rates which would affect interest received. There has been no change to the company’s exposure to market risks.
(e) Liquidity risk Ultimate responsibility for liquidity risk management rests with the board of directors. The company manages liquidity risk by maintaining adequate cash balances and monitoring forecasts and actual cash flows. The following table details the company’s remaining contractual maturity for its non-derivative financial liabilities. The table has been drawn up based on the undiscounted cash flows of financial liabilities including interest based on the earliest date on which the company can be required to pay.
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 43 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
17 Financial instruments (continued)
Weighted Less than 1 1 to 3 3 months More than average 1 to 5 years Total Financial Liabilities month months to 1 year 5 years effective $ $ $ $ $ $ interest rate 2020
Fixed interest rate
Borrowings 4.21% 49,071 25,367 510,269 1,886,014 - 2,470,721
Non-interest bearing
Trade and other 857,700 99,812 54,422 - - 1,011,934 payables
906,771 125,179 564,691 1,886,014 - 3,482,655
2019
Fixed interest rate
Borrowings 4.48% 67,602 248,839 537,290 2,478,105 - 3,331,836
Non-interest bearing
Trade payables 354,006 359,815 12,856 - - 726,677
421,608 608,654 550,146 2,478,105 - 4,058,513
The following table details the company’s expected maturity for its non-derivative financial assets. The table has been drawn up based on the undiscounted contractual maturities of the financial assets including interest that will be earned on those assets except where the company anticipates that the cash flow will occur in a different period.
Weighted Less than 1 1 to 3 3 months More than Financial average 1 to 5 years Total month months to 1 year 5 years Assets effective $ $ $ $ $ $ interest rate 2020
Variable interest rate
Cash and cash 128,678 - - - 128,678 equivalent -
Non-interest bearing
Trade and other debtors 91,662 20,145 11,935 - - 123,742
220,340 20,145 11,935 - - 252,420
2019
Variable interest rate
Cash and cash 85,949 - - - 85,949 equivalent -
Non-interest bearing
Trade debtors 26,141 703,561 26,324 - - 756,026
112,090 703,561 26,324 - - 841,975
44 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
(f) Fair value The carrying amount of the financial assets and financial liabilities represents a reasonable approximation of fair value.
(g) Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the company. To the extent the company has a receivable from another party there is a credit risk in the event of non-performance by that counterparty. Financial instruments, which potentially subject the company to credit risk solely consist of trade and other receivables. The company has adopted a policy of only dealing with creditworthy counterparties as a means of mitigating the risk of financial loss from defaults.
The carrying amount of the financial assets recorded in the financial statements, net of any allowances for losses, represents the company’s maximum exposure to credit risk, without taking account of the value of any collateral obtained. The company does not have any significant credit risk exposure to any single counterparty or any group of counterparties having similar characteristics.
18 Commitments
2020 2019 $ $ Non-cancellable operating lease expense commitments Future operating lease commitments not provided for in the financial statements and payable:
Within one year - 695,039
One year or later and no longer than five years - 2,780,158
Later than five years - 17,375,987
- 20,851,184
These commitments represent the two leases that the Club benefit from – the ‘land lease’ for the property occupied by the clubhouse and the ‘wet lease’ for the water area utilised by the marina. Both leases run until 30 June 2049 and have been capitalised in accordance with AASB 16 – see Note 15.
AASB 16 was adopted using the modified retrospective method. As such current year commitments are now included on the balance sheet as per AASB 16, whereas comparative commitments are accounted for off balance sheet under AASB 117. Therefore, no current year commitments are required to be disclosed here.
19 Cash flow information
2020 2019 $ $
Reconciliation of net cash flows to operating activities:
(Loss) for the year (679,534) (1,018,873)
Depreciation and amortisation expense 1,561,900 1,044,995
Interest income (144) (10,223)
Finance costs 529,320 -
Changes in net assets and liabilities:
Decrease in trade and other receivables 661,371 (367,954)
Decrease in inventories 18,039 (33,283)
(Increase) in other assets (54,797) (98,186)
Decrease / (Increase) in trade payables (157,109) 271,095
Increase in provisions 240,548 1,036,411
Increase in other liabilities 27,732 772,308
Net cash provided by operating activities 2,147,326 1,596,290
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 45 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
20 Key management personnel
The following were key management personnel of the company at any time during the reporting period, and unless otherwise indicated, were for the entire period:
Non-executive Directors P. Billingham, N. Cornish, A. Lane, J. Treleaven, S. Haynes, L. Klohs, J. Atkinson, D. Jacobs, B. Kellett
Executive E. Moore (until 16 March 2020) J. Kirklian (from 16 March 2020)
Transactions with key management personnel
Non-executive directors have not received any remuneration from the Company during the year.
The key management personnel compensation included in “Employee and employment expenses” are as follows:
2020 2019 $ $
Short-term employee benefits 306,706 250,003
Termination benefits 11,785 32,803
318,491 282,806
Apart from the details disclosed in this note, no director has entered into a material contract with the company or since the end of the previous financial year and there were no material contracts involving directors’ interests existing at year-end.
From time to time, directors of the company, or their director-related entities, may purchase goods and services from the company. These purchases are on the same terms and conditions as those entered into by other company employees or customers and are trivial or domestic in nature.
21 Related Parties
(a) Transactions with key management personnel
Transactions with key management personnel are disclosed in Note 20 to the financial statements.
(b) Transactions with other related parties
Other related parties include:
• CYCA SOLAS Trust • CYCA Sydney Hobart Yacht Race Safety of Life at Sea Trusts
The Company is the sole member of CYCA SOLAS Limited; a Company limited by guarantee which is the trustee of the CYCA Sydney Hobart Yacht Race Safety of Life at Sea Trusts. The administration of the CYCA Sydney Hobart Yacht Race Safety of Life at Sea Trusts is under the control of the separate board of CYCA SOLAS Limited. The trustee company has a right to be indemnified out of the assets of the trust to satisfy liabilities properly incurred by the trustee. As at 31 March 2020 the outstanding liabilities committed by the trustee on behalf of the trust totalled $nil (2019: $nil). The assets of the trust are sufficient to meet this commitment. In the event CYCA SOLAS Limited is wound up and unable to repay all outstanding debts, the liability of its members is limited to an amount of $10.
Payments to related parties
• Donations payable to the CYCA SOLAS Trust during the year were $52,000 (2019: $52,000). • Expenses paid on behalf of the CYCA SOLAS Trust during the year were $nil (2019: $nil).
46 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
22 Contingent liabilities
Bank guarantees
The company has given away the following bank guarantees:
2020 2019 $ $
NSW Department of Industry 220,000 220,000
Roads and Maritime Services 81,136 81,136
23 Auditor’s remuneration
2020 2019 $ $
Audit services
Audit and review of the financial report 57,750 57,750
Other services
Taxation services - -
57,750 57,750
The auditor of Cruising Yacht Club of Australia for the year ended 31 March 2019 and 31 March 2020 was PricewaterhouseCoopers.
24 Segment information
The Club’s principal place of business and registered office is situated at 1 New Beach Road, Darling Point. The Club operates from these premises to promote participation in yachting including the sport of sailing and to provide ocean racing facilities, training and other yachting facilities and competition for its members.
Information reported to the chief operating decision maker for the purposes of resource allocation and assessment of segment performance focuses on types of goods or services delivered or provided. The chief decision maker of the entity reviews the financial information split by segment for revenue, but the expenses information is received by expense category. Therefore, only revenue per segment has been included below.
The following is an analysis of the revenue by reportable segment.
2020 2019 $ $
Sales revenue – bar, food and merchandise sales 3,159,447 2,666,823
Subscription revenue 1,165,534 1,132,335
Marina revenue 3,049,808 2,785,105
Rental income 85,835 84,947
Sailing activities 2,926,436 2,283,224
Interest revenue 144 10,223
Total revenue 10,387,204 8,962,657
Segment revenue reported above represents revenue generated from external customers. There were no inter-segment sales in the current year (2019: $nil).
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 47 Notes to the Financial Statements for the financial year ended 31 March 2020 (continued)
25 Going Concern
At 31 March 2020, the Company has recorded a loss after tax of $679,534 (2019: loss of $1,018,873) and had current liabilities that exceeded its current assets by $3,389,285 (2019: negative working capital of $2,730,753). The Company however continued to be in a net asset position of $6,356,985 as at 31 March 2020 (2019: $7,036,519) and generated operating cash inflows of $1,358,626 for the year ended 31 March 2020 (2019: operating cash inflows of $1,569,290).
The current liabilities recognised in the financial statements include contract liabilities of $1,376,938 (2019: $1,349,206), marina security deposits of $353,632 (2019: $346,601), which while generally refundable on 90 day notice, are rolled over for many years and the current portion of the make good provision of $157,598 (2019: $187,714). It is deemed that the deferred income, marina security deposit and the make good provision are purely accounting balances and will not result in future cash outflows to the Company.
Furthermore, by late 2019, a limited number of cases of an unknown virus had been reported to the World Health Organization and in early 2020 there was an outbreak of Coronavirus Disease 2019 (“COVID-19” or “the coronavirus”). There have been unprecedented measures put in place by the Australian Government, as well as governments across the globe, to contain the coronavirus which have had a significant impact on the economy. The effect of this on the Company has been a drop in revenue from bar, food and merchandise sales as a result of the closure of the clubhouse and certain racing and training events being cancelled or postponed indefinitely. Management expects that these matters will resolve as social distancing measures are lifted.
The Company’s ability to continue as a going concern is dependent upon the Company continuing to generate positive operating cash inflows through to the year ended 31 March 2021 and continuing to have access to the commercial overdraft facility extended to the Company by its financier or alternative funding arrangements, if required.
The Company’s directors believe that the Company will be successful in the above matters and, accordingly, have prepared the financial report on a going concern basis.
26 Subsequent events
By late 2019, a limited number of cases of an unknown virus had been reported to the World health Organisation. Following the subsequent spread of the virus, on 11 March 2020 the World Health Organisation declared the COVID-19 outbreak to be a pandemic.
As the COVID-19 virus was identified in March 2020, the figures in the annual report as at 31 March 2020 reflect the conditions known as at 31 March 2020 and they do factor in the initial effects of COVID-19, including the impact of the closure of the Club house from 16 March 2020 onwards.
However, as the virus is ongoing as at 26 May 2020, it is also considered to be a significant event continuing to occur after the reporting period. As such, management will continue to consider the potential implications of coronavirus, which includes disruptions to the clubhouse operations and slowing of sales, given changes in customers’ circumstances which has resulted in a decrease in revenue for the months of April and May 2020 when compared to prior years.
Management expects this to return to normalised levels in the short-to-medium term. However, the coronavirus is unprecedented and as such the Company will pay close attention to the development of the situation and will continue to assess its impact on operations.
48 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 DIRECTORS’ 2019/2020 DECLARATION for the financial year ended 31 March 2020
In the directors’ opinion:
(a) the financial eportr and notes set out on pages 27 to 49 are in accordance with the Corporations Act 2001, including:
(i) c omplying with Australian Accounting Standards – Reduced Disclosure Requirements, the Corporations Regulations 2001 and other mandatory professional reporting requirements, and
(ii) giving a true and fair view of the company’s financial position as at 31 March 2020 and of its performance for the financial year ended on that date, and
(b) 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 declaration is made in accordance with a resolution of the directors.
P Billingham A Lane Commodore Treasurer Sydney, 26 May 2020 Sydney, 26 May 2020
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 49 INDEPENDENT AUDITOR’S 2019/2020 REPORT
Independent auditor’s report IndependentTo the members of Cruising auditor’s Yacht Club report of Australia To the members of Cruising Yacht Club of Australia Our opinion OurIn our opinion opinion: InThe our accompanying opinion: financial report of Cruising Yacht Club of Australia (the Company) is in accordance with the Corporations Act 2001, including: The accompanying financial report of Cruising Yacht Club of Australia (the Company) is in accordance (a)withgiving the Corporations a true and fair Act view 2001 of, including:the Company's financial position as at 31 March 2020 and of its financial performance for the year then ended (a) giving a true and fair view of the Company's financial position as at 31 March 2020 and of its financial (b) complyingperformance with for Australian the year then Accounting ended Standards - Reduced Disclosure Requirements and the Corporations Regulations 2001. (b) complying with Australian Accounting Standards - Reduced Disclosure Requirements and the WhatCorporations we have audited Regulations 2001. The financial report comprises: What we have audited The● financialthe balance report sheet comprises: as at 31 March 2020 ● the statement of comprehensive income for the year then ended ● the balance sheet as at 31 March 2020 ● the statement of changes in equity for the year then ended ● the statement of comprehensive income for the year then ended ● the statement of cash flows for the year then ended ● the statement of changes in equity for the year then ended the notes to the financial statements, which include a summary of significant accounting policies ● the statement of cash flows for the year then ended ● the directors’ declaration. ● the notes to the financial statements, which include a summary of significant accounting policies ● the directors’ declaration. Basis for opinion BasisWe conducted for opinion our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial report sectionWe conducted of our report. our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial report Wesection believe of our that report. the audi t evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for Independenceour opinion. We are independent of the Company in accordance with the auditor independence requirements of the Independence Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical WeStandards are independent Board’s APES of the 110 Company Code of Ethicsin accordance for Professional with the auditorAccountants independence (including requirements Independence of the CorporationsStandards) (the Act Code) 2001 thatand arethe relevantethical requirements to our audit ofof thethe financialAccounting report Professional in Australia. and We Ethical have also Standardsfulfilled our Board’s other ethical APES 110responsibilities Code of Ethics in foraccordance Professional with Accountantsthe Code. (including Independence Standards) (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.
PricewaterhouseCoopers, ABN 52 780 433 757 One International Towers Sydney, Watermans Quay, Barangaroo, GPO BOX 2650, SYDNEY NSW 2001 T:PricewaterhouseCoopers, +61 2 8266 0000, F: +61 2 8266 ABN 9999, 52 780 www.pwc.com.au 433 757 LevelOne International 11, 1PSQ, 169 Towers Macquarie Sydney, Street, Watermans Parramatta Quay, NSW Barangaroo, 2150, PO Box GPO 1155 BOX Parramatta 2650, SYDNEY NSW 2124 NSW 2001 T: +61 2 82669659 2476,0000, F: F: +61 +61 2 2 8266 8266 9999, 9999, www.pwc.com.au www.pwc.com.au Level 11, 1PSQ, 169 Macquarie Street, Parramatta NSW 2150, PO Box 1155 Parramatta NSW 2124 LiabilityT: +61 limited2 9659 by 2476, a scheme F: +61 approved 2 8266 under 9999, Professional www.pwc.com.au Standards Legislation.
Liability limited by a scheme approved under Professional Standards34 Legislation.
34
50 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 Other information OtherThe directors information are responsible for the other information. The other information comprises the information included in the annual report for the year ended 31 March 2020, but does not include the financial report andThe ourdirectors auditor’s are responsiblereport thereon. for the other information. The other information comprises the information included in the annual report for the year ended 31 March 2020, but does not include the financial report andOur ouropinion auditor’s on the report financial thereon. report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. Our opinion on the financial report does not cover the other information and accordingly we do not Inexpress connection any form with of our assurance audit of conclusion the financial thereon. report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial reportIn connection or our knowledge with our audit obtained of the in financial the audit, report, or otherwise our responsibility appears to is be to materially read the other misstated. information and, in doing so, consider whether the other information is materially inconsistent with the financial If,report based or onour the knowledge work we obtainedhave performed in the audit, on the or other otherwise information appears that to bewe materially obtained prior misstated. to the date of this auditor’s report, we conclude that there is a material misstatement of this other information, we are requiredIf, based onto reportthe work that we fact. have We performed have nothing on the to reportother information in this regard. that we obtained prior to the date of this auditor’s report, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of the directors for the financial report ResponsibilitiesThe directors of the ofCompany the directors are responsible for the for financial the preparation report of the financial report that gives a true and fair view in accordance with Australian Accounting Standards - Reduced Disclosure Requirements Theand thedirectors Corporations of the Company Act 2001 are and responsible for such internal for the control preparation as the of directors the financial determine report is that necessary gives a totrue andenable fair the view preparation in accordance of the with financial Australian report Accounting that gives aStandards true and fair- Reduced view and Disclosure is free from Requirements material andmisstatement, the Corporations whether Act due 2001 to fraud and foror error.such internal control as the directors determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material Inmisstatement, preparing the whether financial due report, to fraud the or directors error. are responsible for assessing the ability of the Company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the Ingoing preparing concern the basis financial of accounting report, the unless directors the directors are responsible either intend for assessing to liquidate the abilitythe Company of the Company or to cease to continueoperations, as ora going have noconcern, realistic disclosing, alternative as butapplicable, to do so. matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Auditor’s responsibilities for the audit of the financial report Auditor’sOur objectives responsibilities are to obtain reasonable for the auditassurance of theabout financial whether thereport financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes ourOur opinion.objectives Reasonable are to obtain assurance reasonable is a highassurance level of about assurance, whether but the is financialnot a guarantee report asthat a whole an audit is free conductedfrom material in accordance misstatement, with whether the Australian due to fraudAuditing or error, Standards and to will issue always an auditor’s detect a reportmaterial that includes misstatementour opinion. Reasonable when it exists. assurance Misstatements is a high canlevel arise of assurance, from fraud but or is error not aand guarantee are considered that an auditmaterial if, individuallyconducted in or accordance in the aggregate, with the they Australian could reasonably Auditing Standardsbe expected will to alwaysinfluence detect the economica material decisions of usersmisstatement taken on when the basis it exists. of the Misstatements financial report. can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/auditors_responsibilities/ar4.pdf. This description forms part of our auditor's report.
PricewaterhouseCoopers
35 Chamilka Ratwatte Sydney Partner 35 26 May 2020
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 51
36 CORE AND NON-CORE PROPERTY
Pursuant to Section 41J(2) of the Registered Clubs Act for real property and associated marina owned or occupied by the financial year ended 31 March 2019. company at 1 New Beach Road Darling Point NSW.
The core property of the company, as that term is described The land area is owned by the Crown. in Section 41J(2) of the Registered Clubs Act, comprises all the
SUPPLEMENTARY INFORMATION RELATING TO FINANCIAL PERFORMANCE for the year ended 31 March 2020
2020 2019 2018
Administration
Subscriptions Received 1,165,534 1,132,335 1,106,700
Clothing Sales 261,367 174,275 202,073
Property Rental 85,835 84,947 88,882
Sundry Income & Interest 101,098 65,356 151,741
1,613,834 1,456,913 1,549,395
Less Consolidated Expenses 5,347,061 4,844,545 4,135,711
(3,733,227) (3,387,632) (2,586,316)
Food & Beverage
Bars 1,987,766 1,953,694 1,823,239
Commissions Received 240,504 167,236 147,811
Functions 584,201 316,485 384,355
2,812,471 2,437,415 2,355,405
Less Consolidated Expenses 1,966,283 1,976,369 1,777,209
846,188 461,046 578,196
Yard & Marina
Marina 1,925,417 1,915,157 1,806,874
Other Income 1,124,391 869,948 805,175
3,049,808 2,785,105 2,612,048
Less Consolidated Expenses 1,175,347 1,055,418 764,358
1,874,461 1,729,687 1,847,690
Sailing Activities
Youth Sailing Academy 451,221 383,844 353,011
Season Sailing 307,418 328,539 225,414
Major Races 2,152,452 1,570,841 1,644,306
2,911,091 2,283,224 2,222,731
Less Consolidated Expenses 2,578,047 2,105,198 2,134,733
333,044 178,026 87,999
Operating Profit for the Year (679,534) (1,018,873) (73,587)
52 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 2019/2020 MEMBER LIST
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 53 MEMBER LIST
SURNAME INITIAL YEAR JOINED ATKINSON H 2018 BELCHER L 2014 BRAY AM G 2010 ABBISS S 2016 ATTWOOD R 2016 BELCHER E 2017 BREIT R 2007 ABBON D 2019 ATWOOD P 2002 BELGIORNO-NETTIS L 2004 BRENAC K 2015 ABBOTT J 2000 AUCHINACHIE V 2019 BELL M 1983 BRENAC R 1967 ABBOTT A 1999 AUSTIN T 2013 BELL A 2011 BRENCHLEY J 2006 ABBOTT R 2011 AVENELL M 2020 BELL D 2019 BRENNAN D 1997 ABBOTT B 2016 AVERAY B 2019 BELLINGHAM M 1998 BREUER A 2017 ABBOTT B 2017 AXAM B 2019 BEMBRICK D 1991 BREWER W 2018 ABBOTT E 2017 AYTO M 2014 BENCSIK A 1994 BRIAND P 2017 ABERCROMBIE B 2017 AZIZ S 2015 BENCSIK M 1988 BRIDGEWOOD B 2020 ABRAHAM J 1982 BABBAGE S 2014 BENDALL R 2001 BRIDGEWOOD R 2020 ADAMS N 1995 BABINGTON-LEES V 2012 BENDER M 2017 BRIGHT M 2019 ADAMS R 1999 BADGERY W 2013 BENNETT J 2001 BRIGHTON-HALL M 2014 ADAMS D 1999 BAFFSKY D 1988 BENNETT G 1998 BROAD I 1978 ADAMS B 2013 BAILEY M 1987 BENNETT K 2015 BROADHURST S 1986 ADAMS A 2019 BAILLIE S 2015 BENNETT A 1996 BROCK C 2018 ADAMS R 2015 BAILLIE T 2019 BERGER P 2013 BRODZIAK J 1965 ADLER J 2018 BAIN J 1990 BERGMAN M 2004 BROEKHUIZEN N 2008 ADRIAANSE E 1995 BAIN J 2010 BERGMAN J 2004 BROOKS J 1971 AERTS N 2019 BAIRD P 1991 BERNABEI R 2001 BROOKS K 1986 AINSWORTH N 1998 BAKER R 1996 BERNATOVIC M 2016 BROOKS C 2016 AINSWORTH S 1997 BAKER P 2008 BERRY K 2007 BROOM S 1988 AITCHISON J 2016 BAKER R 2013 BERRY N 2017 BROOMAN N 2009 AITCHISON G 2019 BAKER D 2016 BETHWAITE H 2015 BROOMAN M 2008 AITKEN E 2012 BALAFAS J 2015 BETTINI A 2011 BROSNAN G 2020 ALDRIDGE C 2012 BALAFAS K 2017 BETTINI N 2013 BROUGHTON M 1998 ALEXANDER M 1977 BALDERSTONE J 2005 BETTINI P 2017 BROUGHTON P 1997 ALEXANDER R 2018 BALDRY T 2019 BEVAN H 2013 BROWN E 1994 ALEXANDER J 2018 BALGOBIND V 2019 BEVERIDGE T 2015 BROWN R 1999 ALEXANDER M 2015 BALICKI S 2006 BIDEY M 2012 BROWN A 2010 ALISALO S 2009 BALZER R 1995 BILLINGHAM P 2001 BROWN R 2002 ALLAN J 1973 BAMBER R 1972 BILSEL G 1999 BROWN S 2006 ALLAN S 2001 BANGEL K 2014 BIRDSALL J 2003 BROWN D 2008 ALLAN J 2006 BANIC Z 2017 BIRMINGHAM A 2016 BROWN M 2010 ALLAN V 2018 BANKS D 1996 BISHARA L 2015 BROWN A 2011 ALLANSON R 2015 BANKS A 2004 BISHOP D 2013 BROWN D 2014 ALLATT J 2015 BANNISTER C 2016 BLACK N 2012 BROWN S 2017 ALLEN R 1970 BARING A 2019 BLACKHALL G 2020 BROWN C 2015 ALLEN K 2004 BARKER D 2008 BLACKMORE M 2011 BROWN M 2015 ALLEN P 2004 BARKER K 2017 BLACKMORE A 2015 BRUCE A 2007 ALLEN F 1999 BARKER T 2004 BLAIR J 1996 BRUCE W 2018 ALLEN R 2018 BARKER J 2003 BLAIR N 1996 BRUCE OAM R 1999 ALLEN E 2001 BARLOW S 1995 BLAIR T 1996 BRUSH D 2012 ALLEN AM M 1999 BARNE N 2019 BLAIR L 1996 BRYDON L 2012 ALLISON C 2012 BARNES A 2001 BLAIR L 2017 BRYERS J 2015 ALVES DO NASCIMENTO FILHO A 2017 BARNES A 1999 BLAKE E 2019 BUCHANAN S 2019 AMBLER T 2003 BARNES J 2005 BLAKEMORE J 2005 BUCHANAN C 2013 AMERY S 2001 BARNES L 2011 BLAKEMORE P 2019 BUCKLEY A 2009 AMES A 2016 BARNES N 2015 BLANC-RAMOS R 2012 BUCKLEY D 2000 AMOS J 2012 BARNES P 2017 BLANC-RAMOS T 2012 BUCKMAN B 2013 ANDERSEN M 2014 BARRATT A 2020 BLANCH A 1992 BULL C 2001 ANDERSON M 1989 BARRETT J 1977 BLANN S 2008 BUNN J 1998 ANDERSON M 1992 BARRETT S 2001 BLAXELL M 2000 BUNTER R 2004 ANDERSON J 2009 BARRETT AO CSC T 2012 BLAXELL L 2020 BURGESS J 2016 ANDERSON M 2013 BARRINGTON S 2016 BLEASEL M 2001 BURGESS J 1997 ANDERSON T 2013 BARRINGTON T 2015 BLOOD M 2020 BURKE E 2008 ANDERSON R 2016 BARRY-COTTER K 2019 BLOW S 1985 BURKE T 2013 ANDERSON L 2016 BARRY-COTTER AM B 2019 BLUMER M 1988 BURKE T 2000 ANDREWS S 1992 BARTER J 1976 BLUNCK W 1993 BURLING N 2000 ANDREWS J 2010 BARTER P 2018 BLUNDELL C 2008 BURNS I 2009 ANDREWS R 2017 BARTER G 1975 BLUNDEN P 2019 BURNS R 2013 ANET J 2015 BARTLETT J 2019 BOEKEMANN D 2007 BURNS M 2009 ANGUS A 2014 BARTLETT J 2019 BOERS J 2017 BURRELL J 2008 ANIDO A 2018 BARTLEY A 2018 BOERS X 2017 BURT D 2012 ANKER M 2004 BARTRUM J 2015 BOESENBERG C 2015 BURT A 2015 ANSON J 2014 BARTTER D 1995 BOETTCHER G 2009 BUSH P 1986 ANTIPAS G 2003 BARYSHEV G 2008 BOGAIS J 2020 BUSH B 2019 APPLEBY G 1980 BASTICK M 2003 BOHM J 2017 BUSH G 2020 APPLEYARD P 2005 BATES P 1974 BOHM S 2009 BUSH A 2018 APTER R 2015 BATES A 2007 BOLLEN P 1981 BUSTEED A 2015 APTER M 2015 BATT K 2017 BOND S 2001 BUTLER A 2008 AQUILINA K 2010 BAUCHOP G 2014 BONJEAN R 2018 BUTLER B 1997 ARANDT G 2018 BAVIN P 1989 BONUS G 2002 BUTLER K 2009 ARANDT M 2018 BAVIN D 2017 BOOTH C 1994 BUTLER A 2015 ARANDT Z 2018 BAYLES M 2019 BOOTH C 2014 BUTLER R 2015 ARESH S 2020 BAYLISS J 1985 BOOTH J 2015 BUTLER J 2015 ARIFFIN R 2014 BEAK D 2002 BORA M 2016 BUTLER N 2020 ARMAN U 2018 BEAL B 2010 BOUKATOS S 2015 BUTTERWORTH M 2018 ARMAN B 2018 BEALE N 2001 BOURKE P 1990 BUTTERY B 1981 ARMSTRONG G 2016 BEALE D 2002 BOURKE C 2019 BUTTERY G 2013 ARMSTRONG J 2016 BEALES P 1998 BOUTELLIER P 2008 BUTTON I 2014 ARMSTRONG A 2018 BEARMAN R 1975 BOWER R 2018 BUTTROSE E 1997 ARMSTRONG-SMITH N 1995 BEATON J 2001 BOWKER J 1999 BYRNE E 2016 ARMSTRONG-SMITH D 2017 BEATON E 2002 BOX J 1981 BYRNE A 2004 ARNOUTS R 2002 BEATTY G 2016 BOYCE M 2016 BYRON S 1996 ARTHY I 2010 BEAUMONT-HUTCHINGS C 2010 BOYCE R 2019 CABBLE R 1998 ASCHE P 1993 BEAVER T 2017 BOYLE C 1988 CABLE R 2015 ASHLEY-JONES M 2007 BEDDING B 2017 BOYS J 2015 CABLE A 1964 ASHTON D 2015 BEDGGOOD N 1999 BRADDOCK I 1981 CAESAR C 2014 ASKEW AM G 1996 BEESLEY H 2019 BRADNER-LEE M 2018 CAHILL P 2019 ASPDEN P 2020 BEESON E 2014 BRADSHAW J 1998 CAIE S 2008 ASTUDILLO G 2010 BEGG M 2012 BRADY G 2015 CAINE D 2011 ATAKLIYAN A 2017 BEGG L 2015 BRAIN J 1999 CAIRNS C 2019 ATHANASERIS G 2009 BEGLEY I 2013 BRAITHWAITE-YOUNG J 2008 CALDWELL M 1997 ATKINS T 2005 BEILBY W 1986 BRAITLING J 2009 CALDWELL F 1997 ATKINSON J 2014 BELCHER D 2014 BRASHER R 1994 CALDWELL E 1997
54 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 MEMBER LIST MEMBERS LIST (CONT)
CALDWELL M 1995 CLEMENTS M 1981 CORNISH AM N 2002 DAVIS-SLADE J 1984 CALDWELL G 2019 CLIFT A 2012 CORRIGAN P 1967 DAVY W 1995 CALFAS G 2008 CLINTON J 1997 COSGROVE AK MC (RETD) P 2018 DAW B 2018 CALKIN J 2001 CLINTON J 2003 COTMAN N 2015 DAWSON I 1998 CALLAGHAN M 1995 CLINTON Z 2006 COTMAN C 2015 DAWSON R 2012 CALLIGEROS P 2016 CLINTON B 1999 COTTEE AO K 1993 DAWSON M 2019 CALVERT-JONES AM J 1988 CLITHEROE V 2006 COTTIER M 2018 DAY C 2013 CAMACHO R 2018 CLITHEROE AM P 2006 COTTIS W 2014 DAY P 2019 CAMERON M 2006 CLOETE S 2018 COTTON P 2001 DE BONO A 2009 CAMERON A 2015 CLUB MARINE 1 1997 COTTON G 2001 DE BOOS B 2015 CAMERON M 2020 COCHINEAS G 2009 COTTON D 2005 DE COSTER D 2018 CAMERON M 1980 COCHINEAS P 2014 COTTON L 2005 DE DIESBACH E 2015 CAMERON R 1999 COCHINEAS M 2014 COWEN G 1981 DE GROOT M 2010 CAMERON J 1998 COCHRANE A 1993 COWPE J 2003 DE LA VEGA J 1979 CAMERON J 1999 COHEN R 2006 COX O 1994 DE MESTRE M 2018 CAMILLERI K 2008 COHEN J 2015 COX P 2004 DE MEYRICK A 2003 CAMPBELL I 2020 COHEN M 2019 COX P 1998 DE MEYRICK A 2003 CAMPBELL OAM P 1971 COLE M 1975 COX B 2008 DE TORRES A 1997 CAMPBELL-WILLIAMS D 2011 COLE J 1998 COX P 1969 DE TORRES H 1976 CANTONI V 2010 COLE F 2018 COXELL M 2016 DE TORRES Y 2013 CANTONI S 2011 COLE E 2019 COXON M 1985 DEBNEY P 2013 CANTWELL G 2019 COLEMAN J 1997 COYLE A 1986 DEITZ A 2018 CAPELL S 2013 COLEMAN OAM J 2001 CRADDOCK N 2008 DELANEY M 1984 CARDOW-CLINTON K 2001 COLENSO M 2006 CRADDOCK F 1994 DELEGAT K 2015 CARGILL L 2016 COLES B 2009 CRAFOORD C 2001 DELEGAT J 2015 CARLESS S 2008 COLFELT D 1972 CRAIG R 2019 DELEGAT J 2016 CARLESS E 2011 COLFELT A 2008 CRANITCH M 1997 DELGADO E 2016 CARNEY B 2015 COLLEE J 2018 CRAVEN A 1986 DELVILLE-BLAKEMORE D 2018 CARNEY G 2012 COLLETT P 2017 CRAWFORD C 2005 DENG N 2019 CAROLAN E 2019 COLLIBEE S 1998 CRAWFORD M 2009 DENISON H 1984 CAROLAN M 2019 COLLINS P 1984 CRAWFORD B 2018 DENMAN M 2018 CARPENTER E 1994 COLLINS M 1998 CRAWFORD J 2018 DENNIS B 2015 CARPENTER J 1982 COLLINS L 2001 CRAWFORD A 2018 DENNIS M 2016 CARR B 1984 COLLINS S 2010 CREEDEN M 2014 DENT G 2015 CARR R 2008 COLLINS D 2015 CREENAUNE C 2015 DENTON-BURKE A 2013 CARR S 2013 COLLINS E 2015 CREEVEY T 2019 DEPUYDT L 2008 CARR A 1999 COLLINS S 2015 CRIBB A 2007 DERMODY E 1957 CARRICK J 2019 COLLINS T 2020 CRIBBIN I 2004 DEUCHAR T 2019 CARRICK B 1984 COLLIS B 1994 CRICHTON N 1985 DEVERY B 1970 CARRINGTON P 2016 CONFOS G 2019 CRICHTON-BROWN A 2018 DEXTER R 1995 CARTER K 2009 CONFOS S 2019 CROFT S 2019 DICKER G 2011 CARTER C 2017 CONLON S 1999 CROMPTON J 2020 DICKSON S 2016 CASEY J 2015 CONLON C 2017 CRONE M 2009 DIETHELM T 2008 CASEY A 2017 CONLON S 2017 CRONES N 2016 DIETHELM S 2014 CASEY T 1995 CONNAL C 2008 CROOK B 2013 DIETHELM J 1961 CASSIDY M 2013 CONNELL L 1992 CROOK J 2015 DIETRICH W 1981 CASSIDY P 1994 CONNELL I 2020 CROOKSHANKS S 1998 DILLON S 2002 CASSIM N 1960 CONNELLY S 2015 CROOKSHANKS L 1998 DIMARAS T 2005 CASSIM G 1972 CONNOLLY J 1998 CROPLEY G 1993 DIMOS P 2020 CASTLE D 2018 CONNOLLY M 2019 CROWE E 2020 DIMOS F 2018 CAVANAGH P 2018 CONNOLLY A 1985 CROWTHER P 2014 DINDAS R 2020 CAVILL S 2019 CONNOLLY J 1976 CUCINOTTA J 2014 DINDAS J 2020 CAWSE R 1973 CONNORS M 2019 CULLEN M 2016 DIXON C 1993 CAWTHORN D 1999 CONROY E 2017 CULPAN D 1999 DIXON B 2008 CEMBALA T 2010 CONWAY A 2016 CULSHAW J 2015 DIXON B 2014 CHAFFER M 2015 COOK C 2001 CUMMINS W 1996 DIXON J 2015 CHALLIS M 2013 COOK J 1985 CUNNINGHAM R 2015 DIXON G 2017 CHALLIS P 2013 COOK A 1997 CUPIT C 2017 DIXON D 2017 CHALMERS B 2019 COOK R 1986 CURNOW D 2003 DIXON K 2018 CHALMERS M 2019 COOK J 2001 CURNOW N 2019 DOCK P 2005 CHAMPION DE CRESPIGNY AM R 1994 COOKE A 2008 CURRAN C 1993 DOCK J 1998 CHAMPTALOUP D 1997 COOKE K 2016 CURRIE R 2001 DOCK C 2019 CHAMPTALOUP Z 2019 COOLEY A 1974 CURRIE D 2004 DOEL R 1998 CHAPMAN H 2009 COOLEY M 1999 CURRIE D 1977 DOFF R 2009 CHAPMAN C 2010 COOLEY J 2001 CURTIS J 1996 DOIG N 2012 CHAPMAN D 2012 COOMBES W 1997 CUTTING M 2019 DOIG N 2014 CHAPMAN P 2015 COONEY J 2010 DAGGER C 1985 DOLPHIN G 2009 CHAPMAN F 2019 COONEY F 2010 DAGGER C 2012 DOLPHIN A 2006 CHAPMAN S 2019 COONEY J 2010 DAGWORTHY M 2008 DOMINGUEZ A 2010 CHAPPELL K 2014 COONEY J 2010 DAHL J 2005 DOMINGUEZ S 2019 CHAPPELL J 2019 COONEY D 2010 DAISLEY J 2010 DOMINGUEZ CBE AM J 2006 CHEN A 2015 COONEY M 2010 DAISLEY H 2011 DONALD H 2019 CHEN A 2017 COOPER G 2003 DALE A 2015 DONALD M 2018 CHEN M 2015 COOPER M 1995 DALE V 2018 DONOVAN G 2007 CHEN C 2017 COOPER D 1999 DALE I 1984 DOOLEY L 1987 CHERRY J 2002 COOPER S 2015 DALGLIESH-QUINN S 1994 DORAN P 1999 CHILDERS J 2015 COOPER J 2019 DALLEN N 2006 DORENFEST L 2016 CHOWN A 1986 COOPER S 2019 DALRYMPLE J 2018 DOUMANI J 2019 CHRISTIAN J 2003 COOPER A 2015 DALTON D 2006 DOUMANI G 2019 CHRISTIANAKIS L 2010 COOPER R 1998 DAMMANN A 1996 DOUMANI T 2019 CHRISTIE B 2012 COOPER A 1996 DAMP P 2018 DOWLING H 1992 CHRISTIE P 2007 COOPES A 2001 DANDOLO M 2017 DOWNEY M 2018 CHUA C 2010 COOREY J 2005 DARBY L 2011 DOWNS M 2019 CHUA H 2014 COPELAND M 1977 DARE C 2006 DOYLE D 1994 CHURCHILL S 2019 COPLAND B 2003 DAVEN G 2006 DOYLE A 2017 CLAGUE H 2015 COPLEY A 1982 DAVEY D 2011 DOYLE M 2018 CLARE G 2015 COPP D 1986 DAVIES S 2001 DOYLE A 2020 CLARK R 1983 COPPIN A 2005 DAVIES F 2001 DRAKE-BROCKMAN P 2005 CLARK D 2004 CORDER A 2019 DAVIES V 1988 DRANSFIELD J 2019 CLARK P 2018 CORDINGLEY J 2015 DAVIES J 2018 DREDGE H 1982 CLARK C 2019 CORKE A 1986 DAVIES M 2019 DREDGE P 2016 CLARKE B 1998 CORKIN N 2019 DAVIES D 1996 DRENT M 1977 CLARKE D 2013 CORLESS A 2015 DAVIES M 1988 DREW E 1966 CLARKSON K 2004 CORLETTE M 2008 DAVIS P 1996 DREW J 1998 CLEGG S 2014 CORNELL C 2005 DAVIS L 1998 DREW R 2014 CLEGG-HEATH S 2014 CORNER J 1966 DAVIS R 2016 DREW B 2017
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 55 MEMBERS LIST (CONT)
DREW E 1998 EWING J 2017 FREEMAN Q 2012 GOSS A 2008 DRISCOLL K 2001 FABBRO J 2003 FREEMAN AM D 2007 GOTHARD P 2017 DRUERY B 2011 FABIAN M 2010 FREER D 1964 GOTZE D 1998 DRUMMOND S 2012 FAHEY S 2017 FRENCH S 2003 GOULD B 1966 DRURY G 2014 FAHEY M 2019 FRENCH A 2005 GOVENDER K 2019 DRURY G 2015 FAIRBAIRN-WATT R 2013 FRENCH M 2007 GOWER J 2010 DUARTE F 2010 FALCONER M 1986 FRENCH J 2010 GOYEN P 2008 DUBE G 2014 FALLINS D 2015 FRETCHLING J 2016 GRACANIN Q 2008 DUBOIS B 2007 FALLON P 1995 FREYBERG M 2008 GRACIE M 2017 DUFF F 2013 FARMER K 2019 FREYBERG K 2009 GRACIE E 2017 DUFF R 2017 FARR M 2012 FROELICH C 2000 GRAHAM D 1980 DUFFELL I 2005 FARREN-PRICE J 1980 FULDE T 2004 GRAHAM J 2012 DUGGAN D 1978 FELTON R 2008 FULLER D 1976 GRAHAM L 2006 DUGGAN P 2006 FENGA J 2019 GAGLIANO N 2017 GRAHAM A 2010 DULIEU R 2016 FENGER M 2019 GAJIC S 2009 GRAHAM L 2013 DUNCAN F 2017 FENTON L 2008 GALE A 2017 GRANT C 1995 DUNLOP S 2016 FERGUSON E 1979 GALLAGHER M 1984 GRANT R 1998 DUNLOP G 2017 FERGUSON R 2015 GALLAGHER M 1997 GRANT S 2010 DUNN E 1999 FERGUSON H 2019 GALLAGHER R 2009 GRANT S 2017 DUNN M 2009 FERGUSON S 2018 GALLAWAY A 2019 GRANTHAM T 2017 DUNN D 2018 FERRIS W 1979 GALLETTO M 2000 GRAY J 2001 DUNN M 2017 FEWSTER D 1998 GALVIN M 2014 GRECH W 2015 DUNN D 2020 FEYEN G 2013 GAMBACORTI B 1981 GREEN A 1989 DUNN G 2019 FIELD B 2014 GAMBLE J 1997 GREEN I 1996 DUNOON G 2019 FIELD AM CSC C 2019 GAMULIN L 2015 GREEN L 1959 DUNPHY A 2003 FIELDING R 1999 GARAVAN K 1998 GREEN M 1994 DUNPHY D 2019 FILBY B 2008 GARDINER P 1999 GREEN J 2000 DUPREE J 1998 FILDES L 2019 GARDNER P 1985 GREEN M 2006 DURRAN M 2007 FILDES S 2019 GARDNER L 2017 GREEN C 2019 DUSSELDORP T 1979 FINCH P 1998 GARDOLL B 2017 GREEN A 2010 DUSTING J 2014 FINCH A 2010 GARLICK B 1998 GREEN L 2019 DWYER C 2018 FINDLAY J 1997 GARNETT C 1994 GREENE M 2013 DYERS M 2019 FINKELSTEIN M 2014 GARNSEY J 2006 GREENHALGH G 2019 DYMET B 2011 FINLAYSON M 2019 GATES M 2018 GREENHALGH R 2018 EADIE P 1978 FINLEY D 2010 GAWNE W 2005 GREENHILL N 2011 EADY A 1970 FIRKIN S 2016 GAZAL S 1971 GREENWICH MP A 2018 EAGLE D 2011 FIRMIN M 2004 GAZZOLI D 2019 GREGA K 2018 EAGLE B 2019 FIRTH R 2008 GAZZOLI S 2019 GREGORY A 1998 EASLEY-FOLGER N 2014 FISCHER S 1962 GEDDES L 1989 GREISEN K 2008 EASTAUGH L 1987 FISHER D 1997 GEDDES A 2017 GRELLIS S 1999 EASTMAN S 1999 FISHER I 2008 GEEVES C 1993 GRIFFIN J 2007 EASTON S 1971 FISHER L 2008 GEEVES C 2009 GRIFFIN J 2006 EASTON P 2006 FISHER R 2008 GEEVES C 2014 GRIFFITH M 2006 EASTON R 2007 FISHER R 2014 GEORGE K 2018 GRIFFITH M 2018 EASTWOOD D 1994 FITZGERALD G 2019 GEORGE K 2018 GRIFFITH AM D 1991 EBENEZER J 2012 FITZGERALD M 2019 GERKE-REINEKE A 1999 GRIFFITHS A 1999 EBENEZER S 2015 FITZGERALD M 2013 GHABRIAL J 2012 GRILK S 2017 EBENEZER I 1994 FLANNERY J 2004 GHOSH F 2020 GRIMES T 2016 EDER R 2012 FLEISCHMANN S 2007 GIBBENS G 2010 GRIMES J 2016 EDWARDS A 2002 FLEMMING M 2019 GIBSON G 1996 GROOM C 2014 EDWARDS P 2002 FLETCHER M 2018 GIBSON P 1992 GROUNDS W 1991 EDWARDS G 2001 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PSALTIS B 2019 RODGERS F 1958 SCHUSTER B 2017 SMITH M 2014 PSALTIS M 1963 ROE M 1999 SCHWARTZ R 2017 SMITH A 2019 PUGH G 2014 ROE L 2013 SCIBERRAS S 2020 SMITH E 2004 PULLAR C 2009 ROEHM U 2020 SCOTT P 2005 SMITH J 1996 PURDIE M 2008 ROFE E 2014 SCOTT J 1994 SMYTH M 2007 PURVES J 1999 ROGER S 2018 SCOTT J 2014 SNEESBY E 2005 QUADERI C 2009 ROGERS B 1998 SCOTT G 2015 SNOW G 1971 QUICK A 1996 ROGERS J 2003 SCOTT T 2015 SNOW S 1999 QUICK G 2013 ROGERS D 2011 SCOTT Z 2019 SNOW R 1994 QUICK T 2003 ROGERS J 2020 SCOTT K 2020 SNOW R 1995 QUIN R 2019 ROGERS C 2014 SCOTT-PERRY N 2013 SOEMARDI I 2014 QUINN J 2006 ROLLASON L 1999 SCRIVENOR A 2005 SOLE K 1978 QUINN N 2020 ROOKE C 2004 SCRIVENOR R 1976 SOLIN C 2019 QUINN RFD B 2005 ROSANDIC M 2015 SCRIVENOR P 1989 SOLOMON AM E 1998 RADFORD A 2015 ROSE A 2015 SCRIVENOR R 2007 SOMERTON D 1994 RAE A 2017 ROSE J 2015 SEARLE A 2006 SOMMER H 1986 RAE P 2017 ROSS I 1985 SEARLE O 2010 SORENSEN OAM P 2003 RAE S 2018 ROSS E 1994 SEGAERT M 2007 SOUTER M 2001 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2014 ROBINSON B 2014 SCHILLING B 2017 SMITH S 2014 STURROCK J 1985 ROBINSON J 2018 SCHLEIBS R 2007 SMITH G 2015 STURROCK D 1981 ROBINSON J 2015 SCHMID B 1986 SMITH S 2017 SUDANO D 2017 ROBINSON R 1986 SCHOEVERS D 2014 SMITH A 2017 SULSTERS A 1997 ROBSON J 2003 SCHOFIELD L 2017 SMITH P 2019 SUNDBERG G 2012 ROCHAIX P 2010 SCHOFIELD L 2019 SMITH L 1995 SURGEON S 2019 ROCKELL C 2002 SCHULTE P 2003 SMITH M 2018 SUTCLIFFE J 2018 RODGER J 1999 SCHULZ J 2015 SMITH D 2015 SUTHERLAND J 2019 RODGERS L 2015 SCHULZ N 2017 SMITH J 2015 SUTTIE D 2017
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SUTTON A 1998 TUITE B 2005 WASSELL J 1994 WILLIAMS S 2019 SWAN G 1996 TURNBULL M 2008 WATERFORD M 2014 WILLIAMS C 2018 SWEENEY S 1998 TURNBULL V 2017 WATERS M 2001 WILLIAMS R 1995 SWEETAPPLE J 2014 TURNBULL J 2020 WATKINS W 2009 WILLIAMS M 1988 SWEETAPPLE A 1981 TURNER R 1973 WATSON A 1996 WILLIAMS A 2019 SWIFT N 2010 TURNER S 2002 WATSON G 2011 WILLIAMSON S 2010 SWINBURNE J 2019 TURNER V 2007 WATSON B 1995 WILLS R 1986 SWINEY K 2006 TURNER S 2019 WATSON A 2009 WILMOT A 2002 SYKES W 2006 TURNER S 1991 WATSON J 2010 WILMOT R 2018 SYRMALIS G 2016 TWIBILL A 1991 WATSON L 2015 WILSON C 1989 TALACKO M 2015 TYNAN D 2012 WATSON G 2015 WILSON D 1992 TALBOT K 2012 TYNAN C 2012 WATSON D 2017 WILSON D 1993 TAM A 2015 TYSON R 2012 WATSON D 2019 WILSON T 2011 TAMES C 2014 UGUINA L 2019 WATSON S 2008 WILSON G 2011 TAMES R 2016 ULM D 1994 WATSON J 2016 WILSON I 2012 TANAKA K 2014 UMEMOTO H 1991 WATSON S 2008 WILSON L 2014 TAPPER C 2018 UPTON MP G 2017 WATT P 2007 WILSON B 2018 TAPPER G 2013 URRY D 2001 WATT R 2019 WILSON I 1995 TARIMO P 2001 UTTING J 2015 WATT A 2016 WILTON R 1996 TATLOW O 2018 VAARZON-MOREL T 1976 WATT E 2008 WILTSHIRE M 2018 TAVENER J 2018 VAHEBZADEH S 2007 WATT C 2010 WINKLER P 1973 TAYLOR S 2012 VAN DER GRIEND M 1990 WATTS C 2019 WINKLER S 2000 TAYLOR A 1989 VAN DER VELDEN J 2018 WAUGH A 2014 WINNING R 1984 TAYLOR C 2001 VAN EWIJK D 1984 WAWN J 2012 WINNING K 1995 TAYLOR B 2005 VAN HEYST J 2014 WAWN S 2012 WINNING J 1995 TAYLOR I 2012 VAN HEYST J 2017 WEARN R 2019 WINNING AM J 1984 TAYLOR S 2014 VAN HEYST C 2017 WEATHERALL V 2004 WINNING-KERMOND J 1995 TAYLOR P 2017 VAN HEYST A 1994 WEBB J 2014 WINSTANTLY L 2005 TAYLOR Z 2017 VAN KRETSCHMAR M 1998 WEBB A 2017 WINSTANTLY D 2005 TAYLOR C 2019 VAN KRETSCHMAR J 1983 WEBB W 1984 WINSTONE D 2013 TAYLOR H 2019 VAN VUCHT J 2014 WEBB R 1992 WIRTH C 2015 TAYLOR B 2019 VAN'T HOF B 1995 WEBER M 2015 WISE E 2002 TAYLOR O 2019 VANDENBERG Y 2000 WEBSTER V 2008 WISE T 1980 TAYLOR J 2019 VARCOE R 2015 WEDDERBURN T 2012 WISE 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1994 VON EUW B 2019 WHALLEY R 2019 WRAGBY A 2001 THOMPSON S 2015 VON STOLZENHEIM A 2017 WHARINGTON G 2001 WRAY M 2018 THOMPSON L 2018 VON STOLZENHEIM U 2017 WHEATLEY A 2008 WRAY C 2018 THOMPSON A 2004 WADE D 1994 WHEELER W 2011 WRIGHT W 1975 THOMPSON N 2015 WADE W 2014 WHELAN J 2012 WRIGLEY P 2010 THORP E 2004 WADSWORTH E 2019 WHELAN A 2012 WRIGLEY B 2015 TIEDEMANN S 2019 WAGNER N 2008 WHELAN J 2014 WRITER C 2015 TILDEN G 2015 WAIN B 2001 WHELAN A 1999 WULF S 2014 TILDEN S 2015 WAINWRIGHT S 2019 WHERRY K 2020 WULF B 2016 TILLETT L 2009 WAKEFIELD-EVANS N 2019 WHITAKER N 2004 WYBORN M 2019 TISDALE N 2005 WALDTHAUSEN G 1990 WHITBY V 2008 WYBORN C 2019 TISHER C 2009 WALKER A 2011 WHITBY M 2001 WYLLIE A 2014 TOBIN M 2014 WALKER B 2009 WHITE B 1999 WYLLIE W 2018 TOLL C 2019 WALKER D 2011 WHITE G 2001 WYNN P 1999 TOMKINS P 2007 WALKER E 2002 WHITE C 2004 WYNNE S 2019 TOMKINS R 2008 WALKER F 2005 WHITE D 2009 WYNTER M 2003 TOMKINS E 2020 WALKER R 2010 WHITE S 2015 WYSE C 2010 TOOHER E 1997 WALKER AO L 1997 WHITE P 2015 XIE M 2018 TOOHER-BURRELL T 2004 WALL P 1999 WHITFELD J 2009 XU Y 2017 TORNAI S 2010 WALL S 1997 WHITFIELD T 1994 YAFFA M 1999 TOWNSEND C 2018 WALL J 2017 WHITFORD P 2001 YANG L 2018 TOWNSON W 1997 WALLACE B 2014 WHITTAKER A 2014 YATES L 2010 TRASK M 2019 WALLACE D 2015 WHITWAM L 2014 YEATES D 2013 TREHARNE OAM H 1971 WALLIS K 2017 WHITWORTH A 1996 YEATES R 2013 TRELEAVEN A 1994 WALLS J 2015 WHYTE K 2015 YEM D 1981 TRELEAVEN J 1994 WALSH P 1976 WIESENER A 1996 YEUNG C 1996 TRELEAVEN I 1987 WALSH S 1998 WIESNER M 2015 YORK S 1986 TRELEAVEN I 1994 WALSH M 2000 WILBY J 2014 YORK A 2009 TREMBATH R 1999 WALSH L 2008 WILD L 1982 YORK OAM M 1945 TRIGGS S 2009 WALSH P 2015 WILD D 2015 YOUNG M 2014 TROUGHTON D 2018 WALSH D 2016 WILKINS B 2013 YOUNG M 2015 TROUP C 1978 WALSH I 2019 WILKINSON P 2003 YOUNG J 2018 TROUP K 2019 WALTER L 2015 WILKINSON L 2017 YOUNG D 1999 TRYTKO B 2015 WALTERS B 2020 WILKINSON M 2001 YOUNG K 1992 TSIGOUNIS C 2018 WALTON J 1995 WILL S 1977 ZANARINI V 2004 TUCK W 2011 WALTON A 2017 WILLIAMS R 1958 ZAWALSKI E 2018 TUCKER P 2010 WALTON AM J 1970 WILLIAMS J 2004 ZEHNDER P 1995 TUDEHOPE A 2020 WAMBEEK G 2004 WILLIAMS R 2002 ZHANG S 2018 TUDEHOPE M 2020 WARD J 2011 WILLIAMS R 2010 ZHANG C 2015 TUDEHOPE A 2020 WARD D 2018 WILLIAMS D 2010 ZHAO Y 2017 TUDEHOPE H 2020 WARD M 2019 WILLIAMS A 2014 ZHOU Y 2020 TUER J 2019 WARE S 2015 WILLIAMS N 2014 ZHU H 2014 TUISK U 1985 WARN J 1956 WILLIAMS M 2015 ZIELINSKI F 2010 TUISK G 1986 WARNER B 2016 WILLIAMS A 2016 ZUZZA P 1998 TUISK R 2007 WASHINGTON T 2011 WILLIAMS M 2017
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SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE AUS 1292 1292 MATTHEW RAMALEY ETCHELL 7700 ABOUT TIME JULIAN FARREN-PRICE COOKSON 50 JPN 4321 ACTIVE AGAIN STEPHANIE KERIN HUMPHREYS 54 CRU ADELITA DENNIS COOPER GRAND BANKS 36 SM 138 ADRENALIN DAVID JORDAN SYDNEY 38 5148 AGENT 88 PETER & PAULINE REDMOND YOUNG 88 8080 AHOY DENISE VAN EWIJK JOHN MORRISSEY VAN DER STADT 40 AKUBRA PATRICK WILDE FARR 1220 5841 ALA MOANA SCOTT WILLIAMSON COLE 23 ALL IS FAIR SIMON KURTS SABRE 42 5935 ALPHA CARINAE DAMIAN BARKER SYDNEY 36 AMADOU CHRIS BULL AMEL 54 6609 AMANTE DENNIS COOPER SYDNEY 36CR AYD 8 AMAZINGRACE ANDREW BANKS & MALCOLM ROE SWAN CLASS 45 C 45 AMBITION ROBERT ROBERTSON BAVARIA C45 W 250 AMICI JOHN SMITH JANE GAMBLE 8048 ANDIAMO! MALCOLM EDWARDS BUIZEN 48 D 48 ANDROMEDA ED VINCENT FARR 11.6 6529 ANDURIL ANDREW BARNES SYDNEY 32 MH 10 ANGOURIE SARAH AND HECTOR CRAWFORD JEANNEAU 349 5106 ANNA ROBERT GILLIES GEORGE SIRRETT, ALAN STEVENS NORTHERNER 28 7447 ANOTHER PAINKILLER ROD WEST BENETEAU 44.7 316 ANTHANTA VI ANTON GRUZMAN NAUT 40 500 ANTIPODES OF AUSTRALIA GREG NEWTON BENETEAU 523 2 AOMA SCOTT RYRIE LOGAN 30 6809 APPLEJACK DEREK MCDONNELL ROGERIO BLANC-RAMOS BENETEAU OCEANIS 31 APSARA BARRIE & CHRIS ELSBURY SWAN 56 7030 AQUANIMITY RAYMOND SCHWARTZ DUFOUR PERFORMANCE 36 6544 ARALUEN RODNEY WILLIAMS BENETEAU OCEANIS 423 69200 ARCH NEMESIS ANDREW DALE / CHRISTOPHER HARE JEHANE GHABRIAL C & C 41 6519 ARCHERON NEVILLE & JAQUELINE BROWN BENETEAU 393 7101 ARCHINA BILL FERRIS JOSEPH SKRZYNSKI KETCH C 1 ARGO BLUE GEORGE SNOW BENETEAU OCEANIS 50 956 ARIADNE DAVID ANDREWS CATALINA 320 A 140 ARIEL RON FORSTER BENETEAU FIRST 40 027 ARIETTA LAURIE LASH JEANNEAU SUN ODYSSEY 379 1900 ARIKI DAVID WILLIAMS CAVALIER 28 CIG 16 ARIKI TAI DENIS DOYLE LYNNE SMITH CIGALE 16 ASTOR RICHARD STRAMAN 86' SCHOONER CRU AUDREY J STUART PURVES TRAWLER 6986 AURORA II MARCUS GILLEZEAU JEANNEAU SO 36I 3430 AZZURRO SHANE KEARNS SPARKMAN STEPHENS 34 BAD PETER FRANKS BENETEAU 44.7 3143 BALAMARA JAY & ANITA MCEVOY CAVALIER 975 BALLDA GREGORY HAREMZA DEKLOET B.V 9.5 CRU BALLY GEOFF LAVIS PRESTIGE 500 6652 BALTIC LADY NIEL BURLING HANSE 40 AUS 717 BANDIT WARWICK ROOKLYN MELGES 24 4423 BASKA ALLAN RICH SLOOP GBR 2566R BELLA GIOIA JOHN & KAREN COLE SWAN 40 5411 BELLANDEAN SERGE JOOK JARKAN 38 371 BERRIMILLA 3 ALEX WHITWORTH M26 FOLKBOAT 6767 BIG BLUE STEPHEN PHILLIPS BENETEAU FIRST 38S5 BIG SPLASH PETER LYNCH HUNTER 6783 BLACK PEARL IAN AWFORD BENETEAU OCEANIS 40 5962 BLACKJACK BRUCE RANKIN JEANNEAU SUN ODYSSEY 40 AUS 197 BLACKJACK TERRY WISE PACIFIC SAILING SCHOOL J24 3302 BLIND JUSTICE STEPHEN O'HALLORAN CAVALIER 28 USA 50035 BLING JACK GOLUZD NELSON MAREK 35 7701 BLISS ERIC FRANK BENETEAU OCEANIS 45 N 5555 BLOWN AWAY II GRAHAM MANVELL JARKAN 12.5 6006 BLUE CHIP KARL STECHMANN PETER MASON SYDNEY 38 79072 BLUE TOMALI JOHN FRENCH C&C / 121 BOADICEA ANDREW MILN COMPASS 28 BX 43 BORDEAUX PETER ZEHNDER ALICE MURPHY BENETEAU OCEANIS 43 1616 BORN FREE ANDY PETZOLD WALTER RATHGEB COMPAS 29 1616 BORN FREE WALTER RATHGAB SLOOP 6703 BOSWELL NANETTE AINSWORTH BAVARIA 34 MH 86 BOX OFFICE DAVID LYONS LYONS 25 6265 BRAINWAVE JOHN SIMMONDS BENETEAU 473 9988 BRANNEW CHRIS BRAN BENETEAU FIRST 40CR 6628 BREAKAWAY CHARLES CORNELL BENETEAU OCEANIS 42.3 BRIGADOON DARYL ISLES HOOD 23 7035 BRIGUS III TERENCE BURKE PUBLIC PRIVATE PARTNERSHIPS PL BENETEAU FIRST 35 111 BRINDABELLA HAMISH LINDSAY ENDEAVOUR 24 10000 BRINDABELLA JIM COONEY JUTSON 79 KA 294 BROLGA MALCOLM & MARK ANDERSON E22 CRU BULGANA ROBERT SCRIVENOR MOTOR LAUNCH BULLANT ROUGE COLIN ALLECK SPARKMAN STEPHENS 34 7441 BUMBLE BEE 5 JOHN DIETER KAHLBETZER SLOOP BUMBLE BEE IV JIM COONEY SLOOP 52650 BURNING PALMS RUPERT HENRY J-BOATS J-65 9994 BUSH TELEGRAPH FIONA DAVIES DAVID DAVIES ADAMS 10 CRU BUSTER ANDREW SMITH 28' MOTOR CRUISER 8301 CADENZA GUNNAR TUISK FARR 50 R 420 CADIBARRA 8 PAUL ROBERTS JONES 42 USA 61268 CAILIN LOMHARA LAWRENCE GREEN TAYANA 52 7777 CALIBRE RICHARD WILLIAMS SYDNEY 38 CALINA IV CHARLES BREWER VAN DER STADT PION 30 MH 102 CALLISTA TIM FLAHVIN BENETEAU 47.7 930 CALYPSO TOOTH/GRAHAM/CLARK NORTHSHORE 33 6259 CAMILLA ANGELO SCHEPIS TRADITIONAL 30 CRU CAPE NORTE MAX YAFFA MOTOR CRUISER 6278 CAPELLA RICHARD HUTCHESON BAVARIA 36 9009 CAPRIA PAUL HYLAND BENETEAU 40.7 7061 CAPRICCIO TONY CRAVEN CATALINA CAPRI 22 13 CAPRICE OF HUON DAVID CHAMPTALOUP CLASSIC CAPTAIN DENIZ GULAY BILSEL BAVARIA 37 SYD 25 CARABELLA V MATTHEW MCCANN X YACHT XP50 8090 CARAVELLE LESLIE PONGRASS JEANNEAU SO 469 567 CARLA M MARK MICHALOWSKI BENETEAU 47.7 7016 CAROLINA WILLIAM REDDICK BENETEAU OCEANIS 45 5601 CARPE DIEM IAN BEGLEY KAY COTTEE 56 AUS 49005 CARRERA S GERRY CANTWELL MARTEN 49 5438 CARTWHEEL RUSSELL DEBNEY CARTER 33 317 CATALINA JOHN MCKIM AM CATALINA 34 37008 CATAVENTO PETER BLAIR NORTHSHORE 370 6952 CELESTIAL SAM HAYNES TP 52
62 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 YACHT REGISTER YACHT REGISTER (CONT)
SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE 137 C'EST LA VIE MARK TOBIN JEANNEAU SO 44I 8824 CHANCELLOR EDWARD TOOHER BENETEAU 47.7 AUS 257 CHARLOTTE ERVIN VIDOR CNB 76 CRU 9002 CHARON JOSEPH ABRAHAM MOTOR CRUISER USA 90210 CHECKMATE OF HOLLYWOOD RAYMOND ROBERTS IOR MINI MAXI 111 CHEEKY ENCOUNTER RON COOPER ERICSON 46 AUS 13 CHINESE WHISPER DAVID GRIFFITH JUDEL VROLIJK 62 8350 CHORSE JOHN SMITH CAVALIER 350SL 5038 CINQUANTE KIM JAGGAR SYDNEY 38 4 CLUB MARINE YOUTH SAILING ACADEMY ELLIOTT 7 6719 CMIST TROY & SCOTT DILLON BENETEAU 44.7 CRU COALLITION ALAN QUICK MATTHEW PALAVIDIS RIVIERA 40 3720 COLAC BAY RAYMOND COLLETT ENDURANCE CONFUSION ROBERT SMITH COMPAS 30 CONVICTS REVENGE STEPHEN GIRDIS J24 HKG 56 COOL PHILIPPE ODOUARD BENETEAU FIRST 30 B COOL CHANGE JOHN BOX BENETEAU 34 6689 COPERNICUS GREG ZYNER RADFORD 12 COTE D'AZURE JAMES PEACH BENETEAU AUS 11111 CQS LUDDE INGVALL IRC SUPER MAXI 6683 CROSSHAVEN SEAN RAHILLY JUSTIN PELLY SYDNEY 36CR 5886 CROSSING SIMON MAY X 442 AUS 160 CRUSADER JONATHON GREEN MELGES 32 109 CRYSTAL BRAD AND SANDY LESTER CATALINA 309 6661 CRYSTAL CUTTER III CHARLES PARRY-OKEDEN BENETEAU FIRST 40.7 8412 CYRENE 3 MIKE SELBY ELENA WISE X 412 LM 28 DANSKER BILL WILSON TIMOTHY WILSON LM28 CRU DAWN TREADER MATT SOUTER JEFF BEATON 32' MOTOR SAILER 11 DEFIANCE NICOLE SHRIMPTON INTERNATIONAL 8 METRE 7045 DEFIANT PAUL BILLINGHAM PETER MCGEE BAVARIA CRUISER 41S F 88 DEGREES OF FREEDOM STANLEY REYNOLDS RUNNALLS 38 52569 DENALI DAMIEN PARKES TP52 DESPERADO ANDREW LUKAS SPY 8.2 DEVI GARH BRAD GARLICK BENETEAU OCEANIS 46 6660 DEVILS ADVOCATE MARK DONELLY CAVALIER 28 621 DEVILS LAIR BARRY CROOK MOUNT GAY 30 DIFFERENT DRUM TOM O'CALLAGHAN ENDEAVOUR 24 KA 5300 DRAKES PRAYER TED CRIMMINGS FARR 43 3433 DREAM TIME PAUL SPIRA HOLLAND 44 ESP 6100 DUENDE DAMIAN PARKES JUDEL VROLIJK 52 7744 EAGLE ROCK ROSS WILSON BENETEAU 47.7 USA 163 ECLIPSE CAMERON MCKNIGHT VIPER 640 144 ELECTRA BRADSHAW & VICTORIA KELLETT COLE 43 7 ELLIOTT 7 YOUTH SAILING ACADEMY ELLIOTT 7 CRU EMERITUS 2 NICHOLAS RYAN MOTOR CRUISER R 558 EMILY MAURICE DRENT’S COUTA BOAT NZL 8577 EMILY TIM CASEY DOVELL 62 5910 ENBEEDEE IAN PORTEK BENETEAU 31.7 ENDLESS SUMMER II BRUCE NEIL CATAMARAN ENTERPRISE ANTHONY TWIBILL LEXCEN 40 AUS 1286 ENTOURAGE SHANE GUANARIA ETCHELL CRU 9023 EOS JON MEYER MOTOR CRUISER EPICURUS PETER MAITZ BOATSPEED 86 1061 EPIPHANY NIGEL PRICE CATALINA 320 237 ERICA PETER WILLIAMS XP 44 6059 ESCAPADE RAWDON SIMON BAVARIA 8181 ESPRESSO FORTE LAURENCE FREEDMAN FARR 55 345 ESPRIT D’ARCACHON WILLIAM PECK HANSE 345 CRU ESSEX MICHAEL CALDWELL CRESTA SEDAN CRUISER 03 ETHEREAL ANTHONY TWIBILL DEHLER 46 8455 EUROPA DAVID MASON WAUQUIEZ 45 7017 EXCEL ANDREW JOYCE THOMPSON 7 8063 EYE APPEAL MICHAEL DELANEY JOHN MARKOS SYDNEY 36CR EYE CANDY ANDREW PAYNE BAVARIA 39 338 FAST COMPANY RALPH GUDDERJAHN YOUNG 88 6412 FERGUS RENEE WILLIAMSON-NOBLE X 42 2153 FICTION MICHAEL BLAXELL PETERSON 30 5200 FIFTY TWO HUNDRED IAN AND PETA SHORT FARR DESIGN TP 52 C 162 FIGMENT BRUCE COX CATALINA 320 AUS 6508 FINN JANEY TRELEAVEN IAN TRELEAVEN FARR 40 44800 FIRST LIGHT DAVID JACOBS ROY MELICK DEHLER 41DS 5700 FLYIN’ SCUD ADAM GOODE LYONS 40 Q 1 FLYING SAUCER MARK & ANNE ANDERSON MOTOR SAILOR AUS 6133 FOREIGN AFFAIR MATT WILKINSON FARR 30 CRU FORESIGHT MICHAEL SPIES RUNABOUT 645 FORTLET JOHN MACONOCHIE KETCH 8001 FORTY PHIL/SAM/MICHAEL TOMKINS/HILL/O’BRIEN FARR40 OD 6044 FRANCESCA BRENT CARR JEANNEAU USA 5341 FREE BIRD PHILIP ASCHE SWAN 44 8885 FREE SPIRIT STEPHEN GIRDIS JEANNEAU 51 345 FREE SPIRIT WILLIAM GAWNE HANSE 345 5138 FREETIME GREGORY TOTTEN WARWICK 40 FREYA JOHN SINGER SLOOP 80 R 10 FROTH & BUBBLE NATHAN SMITH YOUNG 780 6482 GAIA WAYNE JUPP HOWARD ELLIOTT X 482 CRU GALVESTON DAVID HEALY CARIBBEAN 35 38011 GINGER LESLIE GREEN MC38 AUS 114 GLORY ROAD GORDON WEISE J24 10 GME YOUTH SAILING ACADEMY ELLIOTT 7 5484 GONDWANA PETER EDWARDS ROBERTSON 950 8005 GOOD GRIEF IAN TAYLOR AUSTRAL CLUBMAN SUPER 30 CRU GORDON MARSHALL CYCA STEBER 36 6990 GREAT WHITE BOB & ANN PENTY BENETEAU OCEANIS 41 6343 GREAT XPECTATIONS ROD WILLS X-YACHTS/X43 14 GREENGATE MATTHEW FISHER MAGIC 25 NZL 8425 GUNSHOT DAVID WALSH ELLIOTT 52 3976 GUSTO PHILIP DENISON CAVALIER 39 4173 HALF HOUR PAUL HENDREY HALF TONNER 6937 HANNI TIM WILSON RINGLE 39 6644 HAPPY TOO EDWARD DERMODY BAVARIA VISION 44 AUS 202 HAT TRICK DAVID HENRY ETCHELL 6318 HAVANA JOHN JAMIESON SLOOP HAVE FUN GARY DONOVAN NORTHSHORE 33 5728 HEAVEN JOOST KERDIJK BENETEAU 33.7 6726 HECTOR BERTRAND PHILIPPE JEANNEAU SUN ODYSSEY 36IP AUS 98 HEY JUDE JAMES LEY INTERNATIONAL FINN 9797 HIDDEN AGENDA GRAHAM GIBSON SYDNEY 38 5773 HIGHWAY PATROL MICHAEL BLAXELL DUBOIS 30
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 63 YACHT REGISTER (CONT)
SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE AUS 8899 HOLLYWOOD BOULEVARD RAY ROBERTS FARR 55 6797 HOLY COW! JOHN & KIM CLINTON BENETEAU OCEANIS 50 2125 HOO HA PETER HOWES HALVORSEN 25 115 HOODWINKED NOEL O'BRIEN HOOD 23 6739 HUBCAP II HERMAN HEILIGERS BENETEAU OCEANIS 40 AUS 1084 HUMPBACK STEPHEN BARLOW ETCHELL 888 HUNTRESS PHILIP GROVE SYDNEY 39 CR HYSTERESIS III MARK & LOUISE SALMON PASSPORT 42 6815 IAGO GIBSON, YEATES BUTLER, MARSH BENETEAU FIRST 40 R 6572 ICEFIRE ICEFIRE SYNDICATE MUMMERY 45 AUS OO1 ICHI BAN MATTHEW ALLEN TP 52 AUS O1 ICHI BAN MATTHEW ALLEN CARKEEK 60 6458 ILUKA DANIEL STORCH NEIL FOX NORTHSHORE 369 35 IMAGINATION ROBIN & ANNETTE HAWTHORN BENETEAU 47.7 922 IMAGINE JOHN ACKLAND BONBRIDGE 27 1961 IN CAHOOTS PAT & ROBERTA EASTON BENETEAU OCEANIS 50 INFINITY IV MARTIN JAMES BENETEAU FIRST 50 6360 INTEGRITY ANDREW STOECKEL BENETEAU FIRST 42S7 89 INTO THE MYSTIC ARTHUR PSALTIS JON ROSS HANSE 430E 7106 INTRO II GARY CASSIM INTRO 22 3209 INVADER ANTHONY WEBB EASTCOAST 6509 IOLANI PETER WINKLER BENETEAU OCEANIS 361 299 IRREPRESSIBLE KIM LE GRAS E22 AUS 1337 ITCHY JAMIE WATSON ETCHELL 236 ITIKI KEITH LOGAN LYNDA SHELLEY FOUNTAINE PAJOT - HELIA 44 C 45 ITS TIME ROBERT ROBERTSON BAVARIA C45 AMBITION 1390 JABS BRAD STEPHENS CONTESSA 25 AUS 7 JAMES TIM RYAN J70 7178 JANELLEY PETER BERGER BENETEAU OCEANIA 38.1 4923 JAPARA PAT GUNNING COLE 30 USA 175 JAWS STAN HALES 11MTR GBR 772 JAZZ 4 CHRIS BULL INTERNATIONAL DRAGON 2210 JAZZED UP EDWARD DERMODY BUIZEN 40 SM 6518 JEM JEFF DUSTING SYDNEY 47CR 1309 JESSICA RABBIT BRUCE MILLAR SYDNEY 32 5531 JESSIE STEVE HUDSON BROLGA 33 CRU JOLLY ROGER MATTHEW DE TORRES VIKING 30 4763 JONGLEUR JOHN & CLARE FRASER J24 JOVE REG & SALLY LORD J111 KA 8 JUANA JOSE DE LA VEGA INTERNATIONAL 8 METRE JUICY FRUIT GEOFF FOLEY S 80 JUNO REG & SALLY LORD J70 CRU 18 KAI LAG MAURICE DRENT LUGGER 3401 KAIYU OWEN THOMAS LION 2682 KARISMA JOHN MANSON SPARKMAN & STEVENS 39 3031 KATINKA PAUL O'CONNELL MARAUDER 27 CYC 8 KATWINCHAR BILL BARRY-COTTER WATNEY RATER. 7878 KAYLE DAVID PESCUD LYONS 54 4968 KERMITTED JAN KENNEDY ENDEAVOUR 26 6153 KIA KAHA JUSTIN ATKINSON CAT WRITH YOUNG 88 AUS 7742 KIALOA II PATRICK & KEITH BROUGHTON S&S 73 KIAP DAMIAN CLARKE FJORD 24 WEEKENDER 52152 KOA ANDY KEARNAN PETER WRIGLEY TP52 CRU KODAK ACE KELVIN MOWTELL RUNABOUT CRU KOKODA RUSSELL MCCART OFFSHORE 62 8883 KOKOMO LANG WALKER FARR 40 OD KOKOMO LANG WALKER MC38 F 589 KONDILI PHIL & ROBYN HEARSE HANSE 495 AUS 40 KOOKABURRA GRAEME WILSON IACC 8383 KRAKATOA DON YOUNG YOUNG SUPER 30 9 KYEEMA DENIS O'NEIL 9 METRE SYD 55 L’AMOUR DE MA VIE NEVILLE WITTEY BENETEAU OCEANIS 55 7089 L’OISEAU MIKE GALVIN BENETEAU 45 LA BOHEME TIM BEVERIDGE AMOL SUPER MARAMU 7121 LA NICHE BRETT PEARCE KAREN HAWKETT HANSE 250 4584 LA VELA CHRIS PENTLAND BENETEAU OCEANIS 37 CRU LADY JOY JAMES & JOY MCLAREN MOTOR CRUISER CRU LADY NORMA RON SPINNER GRAND BANKS 63 L'ANGUILLE PAUL WILLIAMS TAHE WIND 585 LAPSE OF REASON SERGEI SHUTOV YULIA SHUTOVA TOP HAT 25 133 LAROOL TJERK DUSSELDORP 30 SQUARE METRE CLASS 8832 LARRIKIN ROSS/RICHARD GLASSON/HARPER SYDNEY 32 3782 LARRIKIN JOHN WEILEY ADAMS 10 8975 LAST TANGO PHILLIP KING SALONA 44 717 L'ATTITUDE JOHN BARTER DEHLER 41DS 4896 L'EAU CO GRANT POLLOCK NORTHSHORE 380 6833 LEEWARD ROBERT LEWIN MURRAY HAYWOOD BENETEAU FIRST 40 0110 LEGENDE ASHLEY PAGE JEANNEA GRP SLOOP, ODYSSEY 43DS. (2004). LHL DECLAN BRENNAN HALVERSON 25 MOTOR CRUISER 3643 LIBELLULE NEVILLE OLLIFFE SPARKMAN STEPHENS 39 6861 LIBERTE MICHAEL KARAGIANIS GARY SIMON BENETEAU OCEANIS 40 2616 L'IL BEAUTY FUJI HUANG TRITON 24 6277 LIMELIGHT ALAN HUSBAND BAVARIA 51 6772 LISDILLON DES FAGAN SEAQUEST 36 450 LITTLE DRAGON ROSS ALEXANDER NORTHSHORE 27 LITTLE G PATRICK BROUGHTON ETCHELL 3806 LIVEWIRE PHILLIP BARNES SYDNEY 38 1236 LOCAL HERO SHANE CONNELLY BASHFORD HOWISON 36 A 156 LOLITA NICHOLAS CASSIM WOODEN SLOOP SA 360 LONGSTAFF II MATTHEW AVENELL BAVARIA CRUISER 40 LORELEI MATTHEW FARR HANSE 385 3383 LOTUS ARTHUR EADY LOTUS 10.6 294 LOVE & WAR SIMON KURTS SPARKMAN STEPHENS 47 6175 LOVE BYTE CYRIL LATIMER, CHRIS FRANCE & DAVE ALLAIS SYDNEY 38 SB 445 LUNACY CHRIS MCSORLEY HANSE 445 MADEIRA GEOFFREY SMITH SUN ODYSSEY 554 DS AUS 1360 MAGIC CARPET MARCUS WHITE ETCHELL 3687 MAGNETIC NORTH RICHARD HAMMOND CAVALIER 946 MAGNUM ROBERT WILTON BOUNTY 35 CRU MAHALO RUDYARD MCKENDRICK MULDER 98 NZL 1 MAHLIGAI MURRAY OWEN JENNY KINGS SYDNEY 46 A 19 MALUKA SEAN LANGMAN GAFF 6616 MANLY FERRY JOHN RAINBOW WARWICK 53 CRU MARCUS B KAY COTTEE RIVER BOAT 353 MARGARET RINTOUL BRUCE GOULD YAWL SYD 5 MARGARET RINTOUL V GRAEME WILSON FRERS 61 3966 MARIGOT BAY MERRYL SEMPLE PETERSON 30 USA 16 MARITIMO BILL BARRY-COTTER SCHUMACHER 54
64 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 YACHT REGISTER (CONT) YACHT REGISTER (CONT)
SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE 101 MARK TWAIN MICHAEL SPIES S&S ONE TONNER 4715 MARLOO GEORGE GIRDIS JARKAN 12.5 31 MARQUISE STEPHEN LAMBERT MOODY 41AC 6512 MARTINI DAVID STITZ THOMPSON 870 ITA 70 MASERATI JIM COONEY VOLVO OPEN 70 6313 MASQUARADE TIMOTHY FOLLAND NORTHSHORE 27 6397 MATIKA JONATHON GOWLLAND SLOOP AUS 202 MAVERICK TERRY WISE PACIFIC SAILING SCHOOL J24 4377 MAX BARRY & TOBY MUNNS PETER FALLON CAPE 31 6928 MENAGE A TROIS KARL MATISZIK BENETEAU FIRST 30 MENTAL BLOCK BRETT PHOEBE LAGOON 400 1224 MERCEDES IV PETER STRONACH ONE OFF 2260 MERRY MAC DAVID MCCLEAN CLANSMAN ST 36 MIDNIGHT RAMBLER ED PSALTIS SYDNEY 36 MIGALOO ROSS HETHERINGTON CATALINA 470 2143C MIGNON BOB FISHER FIFE DAYBOAT MISSA SOLIS NIGEL WESTLAKE HUNTER 340 6515 MISTRAAL ANDREW BULLARD BENETEAU 57 R 678 MISTY PAUL KENNA LAW S&S34 5050 MOJO RICK FELDING FUSION 40 MONA R.A & W.M PORTER 38' GAFF KETCH 6914 MONICA’S DAUGHTER JEFF ROBINSON CUSTOM 30 4272 MONKEY MAGIC JOHN PENFOLD SLOOP 395 MONTANA SHANE & JAN O'CONNER CAREEL 5M CRU MOOCHALONG MATTHEW ALLEN PALM BEACH 65 6625 MOONDANCE MICHAEL COOPER CYCLADES 39 MOONSHADOW PAM CARRINGTON BENETEAU OCEANIS 423 8882 MOONSHADOW V LLOYD BENNETT DUNCANSON O'SHORE MORE MISCHIEF SIMON CARR BENETEAU OCEANIS 45 8402 MORE WITCHCRAFT JOHN CAMERON EAGLE 46 6484 MR BOJANGLES WARREN GROUNDS JEANNEAU 40.3 4748 MULLOKA PHIL BARTER NORTHSHORE 31 3509 MURPHYS LAW DEBRA WALLACE ENDEAVOUR 27 2 MUSTO AUSTRALIASIA YOUTH SAILING ACADEMY ELLIOTT 7 CRU NAIAD PAM MESSENGER 26FT TIMBER LAUNCH 3111 NAND IV RICHARD CHAPMAN SALAR 40 5482 NAUGHTY CALL GREGG WATSON ROBERTSON 950 AUS 1 NAVAL GROUP SEAN LANGMAN RP69 6538 NEGOTIATOR PHILIP RICHARDS JEANNEAU SUN ODYSSEY 36.2 33 NERIDA SIR JAMES HARDY CUTTER 6111 NEVER A DULL MOMENT COLIN & DENISE WILSON MACKMAN/LYONS 49 6081 NEXT ROBERT/JON/MILES/GREG HUNT/SHORT/BASTICK/GLEESON SYDNEY 38 7557 NGAK NGAK HAMISH PETRIE BENETEAU 57 AUS 9009 NIGHT NURSE RUSSELL MCCART FARR 40 OD 5995 NIPS-N-TUX HOWARD DE TORRES IMX 40 AUS 98888 NO LIMIT DAVID GOTZE REICHEL PUGH 63 N 3 NOAKES BLUE SEAN LANGMAN N26 N 2 NOAKES RED SEAN LANGMAN N26 N 1 NOAKES WHITE SEAN LANGMAN N26 5271 NOCTURNE GERARD KESBY MURRAY BURNS DUVAL AUS 180 NOKOMIS GEOFF COWEN J24 5857 NORTH STAR PETER THOMAS NORTHSHORE AUS 368 NORTH SYDNEY STATION ED MCCARTHY E22 226 NYORA TRACEY/GRAHAM CARPENTER/EVANS SLOOP 8008 OCCASIONAL COARSE LANGUAGE TOO WARWICK SHERMAN KER GTS 43 OCEAN DIAMOND JOHN HOSKIN READ PENELOPE GAI READ JEANNEAU 452 TYC 101 OCEAN FREEWAY CHARLES BOOTH ADAMS 3000 OCEAN ROAD GARY MCLEOD BENETEAU SENSE 43 AUS 1254 ODYSSEY JILL CONNELL ETCHELL OENONE HELEN LOVETT 38'GAFF CUTTER CRU OFFSHORE CYCA STEBER 36 FLYBRIDGE CRU OLLIE NICK KINGSMILL MOTOR LAUNCH CRU ONE CROWDED HOUR JOHN HARRIS PALM BEACH 36 8035 ONE MORE-NO MORE IAN GUANARIA BENETEAU FIRST 35 8898 ONESAILS RACING RAY ROBERTS TP 52 SYD 181 ONLINE STEPHEN TREVELLION JARKAN 12.5 AUS 7151 OPTIMUM RICHARD BRASHER FARR 30 NZL 9242 ORBIT MATTHEW BROWN SHAW 10 OUT OF THE BAG WILLIAM WEBB SLOOP AUS O40 OUTLAW ALAN & TOM QUICK FARR 40 4114 OUTWIDE RACING PETER SCHWARZ THOMPSON 650 5668 OVERDRIVE ANDREW JOHNSON MEEGAN THOMAS NORTHSHORE 380S AUS 202 PACATAC TERRY WISE PACIFIC SAILING SCHOOL J24 PAINKILLER ROD WEST BENETEAU 44.7 454 PALANA ROBIN WILLIAMS ARTHUR ROBB 38 8550 PANACEA REECE THEEDAM JEANNEAU SO 409 80808 PANACEA PETA WILCOX BENETEAU 40.7 6657 PANTOMIME IV MICHAEL KELLY MOODY 35 5447 PAPILLON JOHN ROTH SUNSET 750 6841 PAPILLON PHIL MOLONY ARCHAMBAULT A 40 RC 776 PAPOU GELI ROSS KARP BENETEAU FIRST 25.7S CRU PARADISE SIR WILLIAM TYREE RIVIERA 56FB PATRICIA AGAIN BILL SHERMAN BAVARIA 35 99 PAZAZZ II ROBERT DRURY DEHLER 44 329 PEGASUS WILLIAM STREETON ENDEAVOUR 32 5164 PENDRAGON ANDREW COCHRANE STEWART 34 OD 40 PEREGRINE DAVID STEPHENSON FARR 40 ONE DESIGN SM 74 PERFECT MATCH ALUN LEWIS BAVARIA MATCH 35 7131 PERIPATUS COLIN WORNER DUFOUR 412 GL M 669 PHOEBE CELESTE HARRY HOUSE ROZINANTE E 226 PILGRIM PAUL LEY KAUFMANN 58 7623 PLABA IV BRUNO GAMBACORTI 1/2 TON 101010 SHAPE DEAN HARRIGAN REICHEL PUGH 42 US 20 PLYM NEVILLE CRICHTON SLOOP 56 POLARIS MARK GALLAGHER MOTOR SAILOR CRU POMPIE TONY HENDERSON TIMBER CRUISER PRESTO BRUCE DENNIS CAVALIER 28 CRU PRIMA MICHAEL SPIES ANDREA HOLT PRIMA 54 PRIME TIME CHRIS SCHMID CATALINA 30 S 777 PRIMITIVE COOL JOHN NEWBOLD REICHEL PUGH 51 (RP51) 4582 PRIVATEER BILL MIROW DAVID DALTON BENETEAU FIRST 345 120 PROSPECTOR GREG JOHNSTON CUTTER KA 2 Q T SCOTT RYRIE 30 SQUARE CRU QE3 MR K J STEVENS MOTOR CRUISER KA 2 QUADRATO TRINTA SCOTT RYRIE 30 SQUARE F 8 QUATTRO JASON DAISLEY BENETEAU OCEANIS 43 AUS 893 QUEEN ANNES REVENGE MICHAEL BELLINGHAM ETCHELL QUEENIE GRACE ANDREW MORRIS SAVAGE OCEANIC 46
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 65 YACHT REGISTER (CONT)
SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE AUS 52002 QUEST BOB STEEL CRAIG NEIL TP 52 609 QUETZAL BRIAN CLAYTON NANTUCKET 31 2001 QUETZALCOATL A BRUCE, J LEE WARNER & A SWEETAPPLE JONES 40 6444 QUICKIE STUART MUIRHEAD SYDNEY 32 370 QUINTESSENCE SHANE FIRKIN NORTHSHORE 370 1272 RABELAIS PHILLIP MILLS COLUMBIA 33 AUS 70 RAGAMUFFIN 52 SYD FISCHER TP 52 RQ 130 RAGTIME STEVE WATSON J130 4684 RAINBOW JOHN ROBERTS NORTHSHORE 38 AUS 1191 RANGOON TIGER CHRIS GRUBB ETCHELL RAUCOS HENRY ROURKE OPEN 40 6332 RAZORS EDGE RAY STONE SYDNEY 32 AUS 1 REO SPEEDWAGON ANDREW YORK REO 7.7 CRU RESTORATION RUSSELL MCCART RIVIERA 40 5930 REVE KEVIN WHELAN BENETEAU 45 F5 E 16 ROB ROY MICHAEL YORK ETCHELL 750 ROGER THAT DAVID INGRAM MELGES 24 8 RONI RIGGING & RACING YOUTH SAILING ACADEMY ELLIOTT 7 7 ROSENN BOB FISHER SOLENT OD ROSIE STEPHEN THOMAS ROSE ISLAND LOBSTER BOAT 3 RS STEADFAST YOUTH SAILING ACADEMY ELLIOTT 7 6186 S.Y LA TORTUGITA BRIAN JAMES FARR 9.2 6206 SABBATICAL JEFFREY BURGESS CAVALIER 32 FT 74 SABRE STUART BIRDSALL FLYING TIGER KA 71 SACRE BLEU BEN WELSH SOLING 800 SAGA GARY APPLEBY NANTUCKET 33 4000 SAGACIOUS V DAVID HUNDT FARR 40 7709 SAIL EXCHANGE CARL CRAFOORD COOKSON 12 KA 113 SAILPAC TERRY WISE PACIFIC SAILING SCHOOL J24 AUS 949 SAINTS II BRUCE HILLIARD MARIN ROSANDIC ETCHELL 3724 SALONA PHILLIP KING SALONA 37 5826 SALT SHAKER PETER FRANKI SYDNEY 36 SALTY LADY ANDREW MORSE CAVALIER 37 2114 SAMIEL MIKE CASSIDY HOLEMAN & PYE SAMMIE GARRIE TOLLIS COMPASS 29 SANA DAVID MATHLIN ONE OFF SANDPIPER RALPH O'GRADY CAVALIER 32 7134 SANITY DAVID KELLY JIM LEY JEANNEAU 349 6226 SANTE' ROB & SUE SEGEART BENETEAU SENSE 46 SAROCA MICHAEL BLUMER 58' STEEL KETCH SAVANNAH GIRL RUSSELL BATES SWAN 46 2663 SCANDAL IAN MANLEY HOLLAND 30 KA 400 SCARLETT O'HARA ROBERT SKOL-WIGGINS 30 SQUARE METRE 5879 SEA CHANGE VICKI HARTLEY SYDNEY 36 268 SEA CHANGE MARCO FORSTNER BAVARIA 31 CRU SEA MIST DAVID SHMITH MOTOR CRUISER S 25 SEA WAY MICHAEL SPIES SEAWAY 25 KA 42 SECOND WIND MARK HOLLINGSWORTH CONVERTED ETCHELLS 8300 SECRET MEN’S BUSINESS DAVID DE COSTER MBD 42 IVB 1997 SECRET MENS BUSINESS GEOFF BOETTCHER TP 52 2560 SECRETS IAN BRADDOCK COMPASS 28 AUS 46000 SENTA JOHN COLE SWAN 46 7073 SERENDIPITY PETER MAY NORTHSHORE 31 6 SHARP YOUTH SAILING ACADEMY ELLIOTT 7 9477 SHERE KHAN RICHARD WYATT BENETEAU FT 77 SHERE KHAN ROD GIBBS FLYING TIGER 209 SHONA BILL FERRIS JOSEPH SKRZYNSKI SLOOP 1715 SHOPKEEPER GARRIE TOLLIS BUIZEN 48 5950 SHORETHING JAMES BUTLER NORTH SHORE 38 52002 SHORTWAVE CHRISTINE SHORT TP 52 AUS 325 SILKY ANTHONY HIRST E22 AUS 9 SILVER CLOUD III HOWARD PIGGOTT BENETEAU FIRST 50 331 SILVER MINX GEOFF & VICKI PLAYER BENETEAU SENSE 50 CRU SILVER MIST STAN RODGERS TSMV SL SILVERFOX KEVIN HEARD SLY 43 SIMPLICITY ANTHONY COLFELT ENDEAVOUR 28 5436 SINE WAVE GREGORY MASON DAVIDSON CUSTOM 37 9990 SINTARA GORDON ANDERSON BENETEAU 42S7 66666 SIX PACK SCOTT RYRIE 6 METRE 208 SKEAN DHU TED ROBERTS CLANSMAN 9997 SKEETER SANDOR TORNAI FARR 30 NY 40 SKYE ROB GROVES NORDIC 40 KA 124 SLACK ALICE KEITH SHEPPARD J24 6952 SMUGGLER SEBASTIAN BOHM JV TP52 5892 SOBRAON ROBIN & KAY HYETT BENETEAU 5291 SOGU DAVID JORDAN SOUTHERN 30 6497 SOINDIKA TIM ATKINS BENETEAU 40.7 RQ 1123 SOLAHART-RUM JUNGLE LOST BOYS SYNDICATE SWARBRICK 12.3 USA 50066 SOLARUS NOEL STERRETT J130 7096 SOLUTION PEPPERNELL / LEE / CONWAY JEANNEAU SO349 CYC 54 SOLVEIG ANNIE LAWRENCE JOHN WHITFIELD HALVORSEN 36 SLOOP 38038 SOLVEIG II DAVID MCLEAN X-YACHTS XP-38 700 SOMMERBREEZE HANS SOMMER CAVALIER 350SL AUS 92 SOPHIA PHILLIP MELLOR FLYING TIGER 6801 SORTIE NEIL WILLIAMS BAVARIA 46 5273 SOUNDTRACK JOHN AMOS J35 1770 SOUTHERN STAR JOHN ANTHONY CALVERT-JONES FARR 40 OD AUS 201 SPACE INVADER RICHARD CUNNINGHAM MELGES20 2578 SPARKLE STEPHEN PRINCE CUSTOM HERISOFF 26 8347 SPEEDWELL COLIN GEEVES BENETEAU 34.7 AUS 21 SPIRIT GRAEME WILSON IACC 819 SPIRIT OF BISCAY NIGEL MCCARTHY VAN DER STADT 34 4869 SPIRIT OF DEFIANCE JENS RASMUSSEN DEFIANCE 30 SPIRITBIRD PHILLIPE MENGUEL MUMM 30 7190 SQUARRK JAMES LUXTON FAREAST 28R 6686 ST JUDE NOEL CORNISH SYDNEY 47 6504 STAR OF ANTLIA SID FRENCH HUNTER 340 760 STARBUCK HUGH DOWLING COLE 40 AUS 203 STARPAC TERRY WISE PACIFIC SAILING SCHOOL J24 5132 STARSTRUCK DAVEAU KEN DAVIS JEANNEAU ONE DESIGN 508 STORMY PETREL KEVIN O'SHEA SPARKMAN STEPHENS 37 CRU STREETER STEPHEN SMART PEARL LUGGER CRU STRUTH JAIME MCINTYRE GREEN 42 53444 SUMATRA BASIL, SHANE AND TRISTAN DIETHELM SWAN 48 8585 SUMMERCLOUD II RICHARD MOORE MOTTLE 6326 SUNSHINE JOHN KIRBY JEANNEAU SUN ODYSSEY 45.2 SUNSHINE MCKENZIE OLIVER KETCH
66 CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 YACHT REGISTER (CONT) YACHT REGISTER (CONT)
SAIL NO VESSEL NAME OWNER FIRST NAME OWNER LAST NAME CLASS/TYPE 9900 SUPERFINE GEORGE WALDTHAUSEN CAVALIER 350 SL 1295 SURAYA CARL SRIBER SPARKMAN STEPHENS 37 CRU SURFRIDER II DAVID BURT HALVORSEN 40 FLYBRIDGE CRUISER A 250 SURPRISE ALAN & JOHN STEVNS & WESTACOTT BORRESEN BB10 AUS 2847 SWAY SHANE GUANARIA TASAR 6166 SWEET CHARIOT RALPH AND JENNIFER PICKERING J109 6085 SWEET CHARIOT IV DAVID & JILL HENRY BUIZEN 48 6070 SYDNEY CHARLES CURRAN SYDNEY 60 18 SYLVENA CAMERON MCDONALD HERRESHOFF 38 6497 SYMBIOSIS TROY SCOTT SYDNEY 36 193 SYONARA GREG MAUGHAN SWANSON 6835 TAHOE BLUE PAUL WOOD BENETEAU FIRST 35 114 TAKE TIME GRAHAM H SMITH BROLGA A 64 TAMARIS BRIAN SPROULE CLASSIC TAMMY II BRIAN & JILLIAN DE BOOS ISLAND GYPSY 44 TAMPICO II JOHN M P BOOTH SLOOP 626 TANAMI MANDELBERG/PRONT/ROSE COLE 40 97 TANIELLE BILL KOPPE HOEK 24 CRU TANTIVY GRAHAM SWAN MOTOR CRUISER 1247 TASHTEGO CAMPBELL MINTER HALVORSEN 41 638 TAWARRI II CHRIS IACONO CARBINEER 77115 TEAMM8 WARWICK EVANS BENETEAU 38 CRU THE "A" TRAIN ROSS MACDONALD MOTOR LAUNCH AUS 150 THE BUSINESS VAUGHAN STIBBARD MELGES 32 7027 THE GOAT MITCHELL GORDON, DANIEL HAWKINS ANTHONY CLIFT SYDNEY 38 6677 THE HOLY GALE JASON KLAAS BENETEAU 27.7 R 945 THE LUGE JOHN ACKLAND SWARBRICK JS8000 29 THE RED HAND GRAHAM O'NEILL HARBOUR RACER 807 THE SAINTS BRUCE HILLIARD MUTINY 28 R 650 THE STIGS AUDI DRIVING COUSIN DAVID ELLIS SHAW 650 M 300 THE SWEENEY SHAUN PARKER FARR 11.5 3790 TICKALARA DAVID LIVERMORE PHANTOM 32 AUS 90 TIGA HANK BEYER FLYING TIGER AUS 92 TIGGER ROBERT BREIT FLYING TIGER 4045 TIME OUT PETER BLAIR NORTHSHORE 38 9 TOGA YOUTH SAILING ACADEMY ELLIOTT 7 MH 109 TOUCH OF GOLD KELVIN MOWTELL SLOOP TRADITION PETER BUSH HANS CHRISTIAN 41 AUS 1275 TREKKA MIKE THACKRAY CAMERON BARTON ETCHELL 6223 TRIM SHAARON WALSH NORTHSHORE 369 AUS 191 TRINITY ROSS ADAMS J24 6377 TRITON MICHAEL CRANITCH DAVID GOTZE LYONS / CAWSE 60 R 317 TROUBADOR JOHN FRASER BENETEAU FIRST 31.7 6387 TRU BLU CHARLES GRACE IOR HALF TON 6481 TWO SHEA NICHOLAS JONES LIGHTWAVE 38 1014 UBS WILD THING GEOFF & PIP LAVIS INGLIS/MURRAY 50 7600 UTOPIA JOHN AMOS SYDNEY 38 AUS O47 VAMOS DOS TIM RYAN SOLARIS 47 43218 VAMP DAVID FULLER CORBY 49 VAPORETTO JUDY LEE KINGSTON 850 4688 VASCO DE GRANGA MICHAEL GRANGER YOUNG 88 00400 VENTO WALTER LEWIN FARR 400 1893 VENTURA BRENDAN HUNT TRADITIONAL SLOOP 5 VIBE HOTELS YOUTH SAILING ACADEMY ELLIOTT 7 KA 37 VICTORY BAR BRUCE ROWLEY SOLING 7621 VIKING VIKING SYNDICATE BRETT HART X 382 6813 VIRAGO II JAMES SMEALLIE FARR ONE OFF USA 40 VITESSE JOHN RAWSON ESSE 850 129 VIVA KEN HUDSON YOUNG 13.1 AUS 853 VOLPE PAUL WILLIAMS ETCHELL 2754 WAH MOON BILL WYLIE MOTTLE 33 1 WALKER CORPORATION YOUTH SAILING ACADEMY ELLIOTT 7 KA 17 WALLOP GARY AITCHISON PHIL KIELY STEPHEN WALL MODIFIED ETCHELL 5725 WATERSHED DAVID EASTWOOD CHRIS DUVALL ENDEAVOUR 26 6465 WAVE DANCER ROB MCCONCHIE RADFORD 10.6 7407 WAVE SWEEPER MORGAN ROGERS JULIAN BOWKER BENETEAU 40.7 248 WAX LYRICAL LES GOODRIDGE X 50 CYC 7 WAYFARER PETER SMITH ALDEN KETCH AUS 196 WETTY GRIPPER STUART/ADAM/FRANK MUIRHEAD/FRANCIS/VOLCKMAR J24 DAUS 198 WHIM GORDON INGATE DRAGON AUS 170 WHISPER ANDREW MCCRORY J24 116 WHISTLING KITE KYM EVANS SEAQUEST RP36 SM 1245 WHITE NOISE DANIEL EDWARDS M.A.T. 1245 AUS 100 WHO KNOWS DOUGLAS FOSTER J24 5621 WILD BLUE YONDER TERRY RHODES NOELEX 30 87 WILD CHILD RICHARD & LISA TREWEEKE PHANTOM 32 5494 WILD EAGLE PAUL MULHERIN ADAMS 40 AUS 7001 WILD OATS X THE OATLEY FAMILY REICHEL PUGH 66 AUS 10001 WILD OATS XI THE OATLEY FAMILY REICHEL PUGH 100 6492 WILD ONE LARKI MISSIRIS SYDNEY 38OD 4343 WILD ROSE BRETT EAGLE/GORDON SMITH MICHAEL WARD/MARK CAHUGU/ SANDY PITTMAN IMS/IRC RACER 1411 WILD SPIRIT KEVIN HORNE JEANNEAU. 51 M 118 WILD SPIRIT KEVIN HORNE ELLIOTT 9.6CR SYD 111 WILDE RUSH ARTHUR LANE BOB SOUTHERTON BENETEAU OCEANIS 51.1 8484 WINDFLYT DOUG STURROCK TOWNSON 36 6188 WINE DARK SEA PETER LOWNDES MKL 49 07 WINGS IAN EDWARDS DEHLER 46 263 WISTARIE BILL RATCLIFF MOODY WOOLLOOMOOLOO LOUISA GEDDES E22 6953 WOT EVA DAVID PESCUD TP 52 CRU WYLLAWAY JOHN HARRIS PILOT HOUSE MOTOR CRUISER XANADU JAMES MILLS BENETEAU 39S3 5805 XANTHIPPE BERNARD O'SULLIVAN ADAMS 48 AUS 868 YANDOO XX NEVILLE WITTEY ETCHELL 789 YARRAWIN LANG WALKER CLASSIC 60 A 5 YEAH BABY MARC & LOUIS RYCKMANS WELBOURN 50 YENDYS ROBERT DOEL ADAMS 8 6014 YEOMANS PHIL GOYMOUR BENETEAU FIRST 31.7 840 YOUNGSTAR GARRY CORSTORPHAN YOUNG 840 5936 YPUTAKITEUP ROBYN DREW SYDNEY 36 1097 YUM SING PAUL HUNTER PRINCE 1612 ZARA JOHN GRIFFIN HKG 1943 ZEPHYR JEREMY MEAD FARR 41 MX A 60 MALVEENA GABE KEMENY MALVEENA CLASS OCEAN RACER 5531 ZIG ZAG II GRAHAM THOMPSON J 35 6311 ZIPPIER ANDREW WAUGH THOMPSON 8 8975 ZORA PHILLIP KING SALONA 45
CRUISING YACHT CLUB OF AUSTRALIA ANNUAL REPORT YEAR END MARCH 31 2020 67 The CYCA would like to thank its sponsors and partners for supporting across 2019-2020.
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