2019 – 2020 Annual RePORT #LoveOfTheHorse CONTENTS
Snapshots...... 2 Highlights...... 3 Acting CEO ...... 4 Message from Sport Australia...... 6 Message from Paralympics Australia...... 7 Our Valued Partners...... 8 Thank You...... 9 High Performance ...... 10 Health and Safety...... 12 Coaching ...... 14 Dressage ...... 16 Eventing ...... 18 Jumping ...... 20 Show Horse ...... 21 Vaulting...... 22 Driving ...... 23 Endurance ...... 25 New South Wales ...... 26 Queensland ...... 28 Northern Territory...... 30 South Australia...... 32 Victoria ...... 33 Western Australia ...... 36 Honorary Life Members...... 38 Financial Report...... 39
South Australian rider Stella Harbison took out the FEI 160km endurance ride at Stirling’s Crossing Equestrian Complex in Imbil, Queensland Madeline Sinderberry and Ciel winning 2019 Australian in the EA Championships on Minton East Chauncer (Denise Keelan) Young Rider Championship (Australian Jumping)
About Equestrian Australia Equestrian Australia (EA) is the peak body for the administration of Equestrian Sport, Olympics and Paralympics in Australia. The commitment to success is encouraged at every level of the sport and is reflected in world-class results. To date, Australian Equestrians have won 9 Gold, 4 Silver and 8 Bronze medals at the Olympic & Paralympic Games. Our athletes have achieved great victories at peak international Equestrian events and, as a result, Australia has earned the reputation as an elite Equestrian nation. A big part of this success is the tireless commitment and excellence shown by our sport’s administrators, coaches, officials, volunteers, owners and our athletes of all ages performing at all levels, as well as the importance placed on sports leadership and the welfare of horses.
Front Cover Image (Jess Kennedy Photography)
2 1 Snapshots HIGHLIGHTS
EA has employed a National Safety Manager. The updating of EA National Safety Systems has begun and is ongoing, with Risk Management remaining a high priority.
Mary Hanna and her mare Calanta became the first Australian combination to score above 80 percent in a CDI Grand Prix Freestyle test, breaking the Australian record with an impressive 80.145%
Two coaching delegates, Tim Calkin and Simon Kale, represented EA at the International Group for Equestrian Qualifications (IGEQ) conference held in Germany, December 2019. An international working group was formed with Simon appointed as Chair.
In 2019 our Eventing Team claimed 3rd place at the prestigious CHIO Aachen (GER) and 2nd at Boekelo (NED).
The EA Facebook page has surpassed 50,000 followers and continues to grow.
EA currently have three EA members on FEI Committees: • Mr Boyd Excel – FEI Driving Committee (2016-20) • Dr Kirsten Neil – FEI Vet Committee (2017-21) • Mr Geoff Sinclair – FEI Eventing Committee (2018-22)
At the beginning of 2020, the Australian Jumping Team secured 3rd place at the Palm Beach International Equestrian Center, Wellington (USA).
Our National Safety Manager represented and presented at the FEI’s safety-orientated ‘Eventing Risk Management Seminar and Forum’ held in Manchester-Aintree UK.
Boyd Exell yet again showed his dominance in the Driving world, claiming his ninth FEI Driving World Cup title in 2020.
Athletes in our Para-equestrian program produced a record-breaking Australian qualification team score and securing Australia’s place at the Tokyo 2020 Paralympic Games with the highest score in the Oceania region.
We have three AUS officials appointed to officiate at the Tokyo 2020 Olympics and Paralympics: • Olympics: Mary Seefried (FEI Delegate Dressage) and Susie Hoevenaars (Member of Ground Jury) • Paralympics is Sue Cunningham (Member Ground Jury, Para Equestrian).
2 3 ACTING CEO
As the Acting CEO of Equestrian Australia Whilst EA is responsible for national safety and management of COVID-19 Being the first Olympic sport to enter Voluntary Administration (EA), I am pleased to present this report risk, everyone in the equestrian community is required to play Being a business that was largely built on government funding following the withdrawal of Federal Government funding, and on behalf of EA and its staff. a role to enable improved safety and risk management for the and membership, and given the timing of when COVID-19 not knowing the implications of this decision, the team did While this report will touch on a few key welfare of all participants and the continued enjoyment of the first appeared, we were able to reflect and assess its potential what it knew best and that was to gather information about events that occurred in the first half of sport. impact without a need to immediately react. the situation, co-operate and support the Administrators FY20, as I have been Acting CEO since throughout their process and continue to service equestrian Roles and responsibilities However, it quickly became apparent that some immediate members. January 2020, the main focus will cover decisions were required. Working with the State Branch CEOs, January-June 2020. At the beginning of 2020, EA experienced changes in its we introduced weekly meetings to discuss the impact of the Acknowledgements While many would describe the latter part of FY20 as one of the management structure which saw me appointed to the Acting virus on the operations of each State and the sport overall and most challenging periods in recent memory for the equestrian CEO position whilst still being required to fulfill the GM were able to determine that whilst all competition had to cease, EA acknowledges the loyal support and generous contribution community and likely all Australians, for EA, this started in responsibilities. there was still a desire to continue competition virtually. from the Federal Government through Sport Australia and the Following the departure of several staff – Karen Myers, Tracey Australian Institute of Sport, who have once again provided January 2020 and is ongoing. While introducing material changes Working with the State Branch CEOs, the National Discipline Vardy and Lucy Warhurst – I was aware juggling multiple invaluable support and advice to our organisation over this to our functionality will better position us for a positive future, and Coaching Committee Chairs, enlisting the expertise of our executive management roles was going to prove challenging period. it will require time to materialise. But importantly the seed has National Safety Manager and the entire EA team, to support the but the wonderful EA staff have assisted by delivering been sown and a new journey commenced. sport, we created: A special acknowledgement to our sponsors, who are outlined improvements in the operations of the Sport team which in this Report and continued to amicably work through some Additional Management Resources included welcoming Di Saunders back into the team. We were • A COVID-19 Information for Equestrian Sport page on our challenging past arrangements. We recognise the importance of able to introduce the following new operating procedures and website; The early period of FY20 saw the appointments of myself into the sport to your business. Thank-you for the support that you systems that streamlined many processes: the General Manager – Business Operations and Integrity and • Virtual Equestrian Training Activities Guideline; provide to the sport and we look forward to the day when we Sasha Ulasowski into the General Manager – Sport Operations • in the monthly CEO meetings, we introduced reports on • FAQs for EA Coaches and Officials; can re-engage with you. national programs – coaching, officiating and safety, which positions. • Regular updates for the members on the situation; A gracious thank you is extended to the FEI, EA’s Board of were presented by the EA staff responsible for those areas; These appointments added much needed management Directors, National Discipline, Coaching and FARM committee • Incentives for members, coaches and officials to continue resources to support the CEO, Lucy Warhurst, and assist • regularly brought together the National Discipline and members, and especially their respective Chairs, the High their membership of the sport which included discounts on operational staff. The additional resources delivered optimism Coaching Committee Chairs to meet with the Sport Performance Panel members, the medical consultative group administrative fees and insurance levies, deferred payment and an expectation of increased capacity and capability in the Operations team to discuss and to develop plans to resolve members, the State Branch CEOs, the sport’s Officials, Coaches plans, payments by instalment and having evaluated the organisation amongst the operational staff. issues common to all Disciplines; and the many volunteers, for their continual commitment and pressure on Officials to meet re-accreditation requirements, dedication to the growth and development of the sport and the These appointments advanced the successful recruitment • developed a 2021 Workplan; extending the re-accreditation period; and brand of equestrian in Australia. of the National Safety Manager, which was one of the 31 • improved the efficiency of our Business Unit meetings and • When the situation began to ease nationally, a Guideline to recommendations arising from the Coroner’s Inquest. resolved aged issues; and To the EA staff, both operational and high performance, you Resuming Equestrian Training and Competition Activities. • improved how we documented meeting outcomes from deserve the most praise and thanks for the way that you have Coroner’s Inquest our many stakeholder groups to ensure all action items were There were many other initiatives that we had to introduce to conducted and presented yourselves in extreme circumstances. Despite ongoing and continued disruption, you have continued to After a thorough process, the NSW Deputy State Coroner Mr reviewed, discussed, and completed. ensure that the business could withstand what could have easily execute your roles and responsibilities and service the members Derek Lee handed down 31 consolidated recommendations been a complete shutdown. These included High Performance Furthermore, we gradually introduced a change in our for which you have been employed with little complaint. As a following the inquest into the tragic deaths of two young staff being sent on annual leave 25% of their time from mid- operational philosophy of: team, we were close before 2020, but the circumstances have equestrians (Recommendations). March, EA staff being stood down each Friday but on annual • gathering and assessing all the facts of a matter prior to leave from May until further notice, staff switching to working only brought us closer. Thank you – it has been a pleasure to The Recommendations highlighted systemic issues in safety and reacting, then agreeing on a clear direction following fulsome flexibly between home and the office, assessing our eligibility work with you and I am extremely proud of you all. risk in the sport of Eventing, and are designed to improve safety discussions; and applying for any available government support packages and and risk management at all levels in the sport. • remaining focused on our core responsibilities despite the removing any discretionary expenditure in the business as long Andrew Hamilton While the handing down of these Recommendations closes a disruption and noise that surrounded us; as it didn’t impact the service to members. Acting CEO chapter filled with anguish and grief for all of those connected • expanding our consultation processes and seeking the input with the tragedies, the release of the Recommendations places from the expertise that we had internally and in the sport Entering Voluntary Administration the accountability squarely in the hands of EA to ensure their network; Based on a series of factors including the withdrawal of implementation and a safer future for equestrian. • making decisions based on evidence and sound business Federal Government funding and the operational and financial The foundations that Roger Kane laid in his role as National principles; and uncertainty caused by COVID-19, the EA Board placed EA into Safety Officer have been continued and expanded with the Voluntary Administration on 9 June 2020. employment of Meredith Chapman as National Safety Manager, • being clearer about our purpose, focusing on our people, This decision was made with the intention of restructuring the and the publishing of these Recommendations is only the and improving our product which improved our profitability. business in a way which would ensure long term viability and beginning of what will be a continuous journey to improve safety From these and other initiatives, our capacity to deliver has regain the trust of stakeholders. and risk in all Disciplines and in every element of the sport. improved despite reduced resources.
4 5 MessageS OF SUPPORT
A message from the Chair of the Australian Sports Commission – John Wylie AM
The start of 2020 has been an extraordinarily tough time for Australians, including all of us committed to sport.
The impact of bushfires and the COVID-19 pandemic have been confronting for communities, where we all know sport plays such an important role.
At the Australian Sports Commission (ASC), comprising Sport Australia and the The dates have changed, but our commitment to sending the best Australian Institute of Sport (AIS), our energy is focused on supporting our Australian Team to the Tokyo Paralympic Games remains rock solid. Among partners through these times as we continue to advocate the importance of our nation’s best will be our amazing Para-equestrian Team, who have sport to our economy, productivity, health, wellbeing and culture. played such an important role in our success over the years.
After a year like no other, the high level of collaboration between We believe whole-heartedly that when we get through this challenging period, sport will play a Paralympics Australia and Equestrian Australia has never been more prominent role in lifting the nation’s energy and spirits again. important. Our role is to not only help produce and facilitate the world’s best Para-equestrian program, but also to open the door as Times such as these can also make us more appreciative of what we do have and of the success we widely as possible to participation at all levels. Working together is have achieved. without doubt the best way to achieve both outcomes.
Together with the dedicated Para-equestrian staff from EA and other Success in sport is always hard fought. But it’s a fight Australian high-performance sport welcomes contributors to the high-performance program including the AIS, as it continues to achieve success. Paralympics Australia continues to work intently to ensure the athletes vying for selection for Tokyo are given the best possible access to Last year the wonderful Ash Barty won the French Open and became our first female No1 tennis classification opportunities, sports science and sports medicine, as player since her idol, Evonne Goolagong Cawley, in 1976. Javelin-thrower Kelsey Lee-Barber set well as coach support and cutting edge technology to assist in the daily personal bests throughout the year and took the title at the IAAF World Championships in Doha. training environment.
Dylan Alcott added three more Grand Slam quad wheelchair singles trophies to the cabinet and PA’s Games Delivery team has been working with the EA team to prepare Sailing duo Matt Belcher and Will Ryan claimed the men’s 470 World Championship. In the pool, our and deliver an optimum performance environment for our athletes in Tokyo swimmers won seven gold medals at the FINA World Championships, placing Australia fourth on the and has continued to engage with team management and athletes to ensure medal tally. up-to-date information about our plans is provided on a regular basis.
This year our inspiring women’s cricket team won a fifth World T20 title, drawing a record crowd of For those just beginning their journey in Para-equestrian, the 86,174 to the MCG. How fitting that this historical moment fell on International Women’s Day. These Paralympics Australia Equipment Fund has supported projects to assist emerging pathway athletes and programs. This initiative addresses the results are a testament to the tenacity and passion of athletes, coaches, sports staff and sporting significant barriers to participation with respect to adaptive and organisations, which know we have all the skills and abilities to achieve success. customised equipment required for participation in Para-sport and PA is proud to have given some up-and-coming Para-equestrians the opportunity I am proud too of the service our organisation provides to Australian sport each year, on behalf of to benefit from this targeted fund. the Australian Government. Over the next year we will face challenges which the Paralympic Movement has never had to face. But, I am confident that, through the collective The ASC, through Sport Australia and the AIS, delivers 25,000 grants a year. dedication of Equestrian Australia and Paralympics Australia to the pursuit of excellence and maintaining and growing our programs to The AIS, funds and prepares our Olympic, Paralympic and Commonwealth Games to represent us at increase participation and open pathways, the future of Para-equestrian the highest level in international competition. looks brighter than ever.
In the past few years, we have enhanced our support to athlete wellbeing and engagement, a move Yours Sincerely, that is essential, especially in the current environment. Lynne Anderson Chief Executive Officer Sport Australia invests in sports participation programs, from our national Sporting Schools program Paralympics Australia for younger children through to the Better Ageing program aimed at Australians aged 65 and over.
So many of these grants fuel aspirations. Our Local Sporting Champions program supports 9,000 children a year to reach for their sporting dreams.
6 7 Our gratitude is extended to our many coaches, OUR VALUED PARTNERS Thank You officials and volunteers without whom our sport would not run. Your time, effort, energy and OuR VAlueD PARTneRS enthusiasm are the backbone of our equestrian OuRWe’d VA like lueto thank ourD valued PART partners: neRS endeavours. Each and every one of you is OuR VAlueD PARTneRS appreciated and valued. We’d.like.to.thank.our.valued.partners: OuR VAlueD PARTneRS We’d.like.toWe’d.thank.like.our.to.thank.valued.our..partners:valued.partners: OuR VAlueD PARTneRS
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High Performance
It was expected that by now our athletes Focus Drives Success Whilst Olympic medals are secured in the competition arena, it would have contested the Games of the Despite the distractions presented by the global pandemic our is our belief that they are delivered by the entire team. This has XXXII Olympiad and we would be in the athletes continue to focus on their Tokyo preparations and been a driving force behind our commitment to build a strong process of evaluating our Tokyo 2020 have consistently delivered solid results both domestically and and empowered team culture that is commensurate with our medal delivery goals. campaign. We could not have predicted internationally. the very different set of circumstances we In August 2019 the Tokyo Olympic Games Organising These results are in-line with our high performance strategies currently face as a result of COVID-19. Committee hosted the ‘Ready Steady Tokyo’ Test Event in and projected outcomes, confirming we remain on track as we Japan, providing National Federations with the opportunity to Our pursuit of podium success at the postponed Olympic count down to Tokyo 2020. and Paralympic Games remains our priority as we revise our inspect the venue and test the facilities during a trial competition. We continue to identify key events as benchmark performance logistical and operational plans to ensure all necessary measures Australia was one of only four nations to be represented in the indicators for our athletes and over the past twelve months are taken to protect the health and safety of our athletes, horses competition placing us in the unique position of having a rider we have seen three Australian Teams ascend the podium at and support staff. capable of physically analysing the event experience. In addition, Nations Cup Competitions. the High Performance team and a contingent of identified The EA High Performance Program (HP) continues to be In 2019 our Eventing Team claimed 3rd place at the prestigious athletes took part in the observation program, which provided Emma Booth and Mogelvangs Zidane Boneo Classic CPEDI guided by the High Performance Panel who have provided CHIO Aachen (GER) and 2nd at Boekelo (NED); and at invaluable insights to the logistics and operational workings of (Australian Equestrian Team) sound leadership, direction and stability throughout these the beginning of 2020 the Australian Jumping Team secured the Games. unprecedented times. 3rd place at the Palm Beach International Equestrian Center, An unmounted Eventing Camp was also held in the United Providing the Competitive Edge – Future Cycle We continue to welcome the ongoing support of the Wellington (USA). Kingdom, concentrating on in-depth comprehensive planning While high performance sport continues to evolve, the expected Australian Institute of Sport (AIS) who remains the sole Boyd Exell yet again showed his dominance conquering the over an intensive three-day program attended by both Australian medal delivery in Eventing remains a constant motivation in our financial contributor to the HP Program. All funding received is Driving world over the past year delivering an unprecedented and overseas-based athletes. The camp was immersive in nature succession planning and is cultivated within our Generation allocated in accordance with AIS policy requirements and no EA result at Aachen (GER) 2019 to win the Horsch’s prize, before and explicitly designed with a focus on high-performance tactics NEXT Program. membership funds are required in the delivery of our Program. then going on to claim his ninth FEI Driving World Cup title in to inspire success and ensure our riders are well equipped 2020. A key focus of the Program is to educate emerging talent on moving into the selection period. the requirements within the world of high performance sport In the dressage arena, Mary Hanna and her mare Calanta made and how best to navigate their way to future Olympic team history when they became the first Australian combination to Tokyo Together in 2021 – Para-Equestrian selection. score above 80 percent in a CDI Grand Prix Freestyle test, This has been a monumental year for our domestic Para- breaking the Australian record with an impressive 80.145% at This year the Generation NEXT Program has designed new equestrian program, seeing our athletes produce a record- Willinga Park in February. initiatives to provide our athletes with greater access to world- breaking Australian qualification team score and securing renowned coaching sessions and mentoring opportunities, in Unprecedented Engagement Through Innovation Australia’s place at the Tokyo 2020 Paralympic Games with the addition to athlete well-being specialists and veterinary support. highest score in the Oceania region. In contrast to the unwelcome disruptions of COVID-19, the HP A Bright Future for Equestrian Program has seen unparalleled levels of engagement and athlete The dedicated program, which has been shaped around a participation throughout 2019/2020. At a time when reinvention podium placing at Tokyo 2020, has seen the Para-equestrian The HP Program continues to move from strength to strength has never been more vital our Program has demonstrated community swell in Australia. With the support of the AIS, as we keep our sights firmly set on the Tokyo Olympic and versatility, innovation and adaptability, without compromising the number of international Para-dressage competitions held Paralympic Games. The focus of our athletes, staff and support the quality of its delivery. domestically has continued to grow, providing our home-based crew leave us with no doubt that we will face the Games Building on the strong foundations already established, our riders with an increased opportunity to gain their Paralympic next year with confidence and we look forward to once again world-class program has reshaped its learning platform, qualifications. delivering on the world stage. expanding our interactive virtual component and successfully Our Tokyo short listed athletes also attended a Tokyo Test closing the distance between our riders, coaches, and staff. Event held at the Sydney International Equestrian Centre earlier Chris Webb this year. The Test Event was shaped to replicate the logistical High Performance Director ‘Ready Steady Tokyo’ Preparing for the Podium – framework of a Paralympic Games and provided the opportunity Current Cycle for riders to experience these conditions under competition To ensure that all of our identified athletes are best placed pressure within a dedicated team environment. in the lead up to team selection, we continue to monitor each combination carefully and support them with a detailed, Andrew Hoy and Bloom Des Hauts Crets Tokyo Test Event individual performance plan. (Australian Equestrian Team)
10 11 Health and Safety
Statistics Update Concussion Reporting COVID-19 Statistics continue to be monitored at Concussion reporting is a mandatory requirement by Sports • EA continues to watch and monitor State and Federal both a National and State level in order Australia and the Australian Institute of Sport (AIS). We have Government, World Health Organisation (WHO), to maintain an up-to-date and accurate completed an inclusive review of the existing concussion Department of Health, AIS and FEI COVID-19 restrictions risk profile. Some equestrian disciplines, protocols, training materials and all reporting processes. A key and developments. like Vaulting, Dressage and Interschool, item in achieving good conformance with this process for EA • I continue to assist OCs as they return to sport activities are currently focused on improving their stakeholders (EA Disciplines Committees, affiliated clubs and with reviewing COVID-Safe Plans by providing feedback and reporting processes and collection of more injury-incident data accredited coaches) will be engagement, training in the process recommendations aligned with the ‘EA Guideline to Resuming to improve safety processes. As the Equestrian Australia National and clear communications. It is anticipated concussion training Equestrian Training and Competition Activities in a COVID Safety Manager (NSM), I continue to liaise with equestrian delivery will commence early 2021. Environment’ resource. disciplines and the current EA insurance broker (Gow Gates) • Discussions have commenced with stakeholders regarding the NSM Health and Safety Actions to identify what statistical data is available and ways to improve development of COVID-Safety Training for OCs and officials. communications for data reporting and analysis. • We commenced a review and reform of the National Safety • We are currently investigating contact tracing applications for I have worked closely with the Eventing Medical Consultative presence on the EA website. OCs and attendees as a national health and safety initiative. Group, Equestrian Disciplines, Medical Service Providers (MSP) • Updating of EA National Safety Systems (policies and and relevant others, to develop a comprehensive Athlete procedures) continues, while Risk Management remains a Meredith Chapman Incident/Referral Report-Form. Training and support will be high priority. National Safety Manager provided to all nationally registered MSPs to enable more • An Eventing ‘event management audit-tool’ has been comprehensive, consistent and relevant data collection following developed to assist Organising Committees (OCs) and the an athlete-incident at any EA event or club affiliated activity. NSM in facilitating a review of health and safety processes, Review of data collection processes, evaluation and information with a focus on meeting EA Eventing Guidelines, Rules and outcomes continues to be a priority for EA. the 31 Coronial Recommendations. This audit-tool has been endorsed by Equestrian Australia Eventing Committee (EAEC), with the agreed outcome of one to three random audits per year being completed for Eventing OCs throughout Australia. • The EA Critical Incident Management Team (CIMT) plan and framework continues to be populated. It is anticipated Stage Two theory training for the national CIMT (A-team) will be completed early in 2021 following the lifting of boarder travel restrictions between NSW and Victoria. • We have completed a review of the Eventing Guidelines, Annexure D, in consultation with the EAEC and Medical Consultative Group. The updated guidelines for medical service provisions have been approved and endorsed by all relevant stakeholders and disseminated to all relevant parties. • Eventing’s Serious Incident Management Plan (SIMP) is being reviewed, along with the development of an EA National SIMP framework for all other equestrian disciplines. Risk mitigation during any athlete-horse interaction is vital to the welfare of both parties, the sustainability of our sport and social licence to operate. • EA compulsory coach updates have been reviewed, primarily in the areas of safety considerations, risk management and
Horse and athlete well-being is essential to our sport athlete incident reporting processes, (e.g. concussion). Stuart Tinney and Celebration winning the Mitsubishi International 3DE CCI4*L (Kirsty Pasto)
12 13 COACHING
Coach Registration Fees Syllabus Review and Coaching Statistics Registered coaches have repeatedly requested information as Through the hard work of 31 volunteers across nine different to what happens with their registration fees. We were glad to syllabus groups, we have commenced Stage one of the be able to provide that information to coaches in 2020 via a Coaching Syllabus Review, to ensure the content is current and high-level summary of 2019/20 expenditure to demonstrate relevant and to develop a firm platform for us to develop our where EA coach registration fees now go. coaching resources and professional development programs. We appreciate their time and effort. Support of EA Coaches As at 30th June 2020, EA has 927 registered and currently EA made some significant changes to the support of EA accredited coaches with 728 of these coaches insured through the EA Coaching Insurance Scheme. accredited coaches in 2019/20. The EACC Chair was invited, along with the Chairs from all the discipline committees, to be The state breakdown is as follows: included in a sport committee initially formed under the then NSW 367 – 39.6%, CEO Lucy Warhurst and continued with the now acting CEO VIC 191 – 20.6% QLD 170 – 18.3% Andrew Hamilton. WA 98 – 10.6% This has given coaching input and inclusion at the top level of SA 51 – 5.5% the sport. This remarkable group of volunteers have been in TAS 44 – 4.7% constant consultation with the CEO and Board and are able NT 6 - .65% to communicate our collective issues and concerns in a united, As coaches ourselves, we have all felt the impact of COVID-19 Red Curtis - EA Coach (Red Curtis) respectful and collaborative way, giving each group a platform in 2020. We are attempting to keep coaches aware of the It has been an interesting year for Coaching and since the re- to raise issues they are experiencing. All disciplines now have a landscape which changes daily around what coaches can instatement of the Equestrian Australia Coaching Committee voice and representation to put into direction of the sport. Rod Brown coaching Liam Mackensie in a jumping lesson and cannot do in line with each State and Territory’s health (EACC) in early 2019 a lot of progress has been made. advice. It has been a frustrating time for coaches, however, it Promotion of EA Coaches The EACC has engaged with the EA Safety personnel, Roger has been great to see coaches applying COVID safe protocols In April 2019, the Interim Committee originally appointed by Kane and Meredith Chapman to capture and include the new EACC has worked with the NDCs, State Chairs, EA and the EA and creating innovative coaching solutions in a heavily restricted EA, completed the required outcomes and the EACC was concussion and COVID protocols. These are being incorporated Directors to implement the agreed position that all State squads environment. formed with representation from across the nation. Each into the coaching syllabus, which is currently being revised, and teams must be coached by current, appropriately accredited We hope that our efforts to deliver coach updates online has State nominated representatives from the State Coaching educating coaches in the ways they can help to address the high EA coaches from July 1 2020. The only exception to this is if a been helpful in this time, as well as improving access for regional committees. These people are your State representatives and risk in equestrian sports. recognised international expert has been engaged. This process and remote coaches. voice for coaching concerns or ideas. was rolled out with all States and disciplines advised of this new Throughout the latter half of 2019, eight Coach Educator We remain dedicated to improving and further developing the During the first term of the EACC, we have been addressing the protocol, which should now be adhered to. and SSTA Updates were run across six states. These were scheme and look forward to your positive encouragement and issues raised during the forum in 2018. run in partnership with the State branches, locally delivered feedback. and nationally funded. Three in NSW and one each in VIC, Appointment of National Coaching Officer QLD, WA, SA and TAS. These updates included Coach & Robert Stewart Kellie Hayes was appointed and has proven to be a very Assessor training and assessing with Daryl Durham, safety Coaching Committee Chair beneficial addition to the EA team. Kellie handles member and rule updates by Roger Kane or a representative, and Safe Thank you to our committee members: enquiries with a pleasant and helpful manner and works closely Work training by the relevant State authorities. The feedback, Robert Stewart (NSW) - Chair and well with the EACC and EA administration at all levels. attendance numbers and engagement were encouraging, and we look forward to delivering more post-COVID restrictions. Tim Calkin (VIC) IGEQ delegate Geraldine van Montfrans-Eady (QLD) Insurance The EACC also re-engaged with the International Group of Judy Peel (TAS) The EACC has pressed EA to improve the service and product Equestrian Qualifications (IGEQ) by attending their conference Lynda Smith (SA) offering around coaches’ insurance requirements. A list of FAQs in Warendorf (GER) in December 2019. Our delegates, Simon Philippa Collier (WA) has been developed to assist coaches with their on-boarding Kale and Tim Calkin, were successful in having the EA Coaching Simon Kale - co-opted by the EA Board as an IGEQ delegate experience. The global insurance landscape has changed Syllabus restored on the IGEQ Matrix. Due to their effort and Second delegates are: dramatically, so major changes to the EA Insurance offering has that of EA in the area of safety and risk management, the IGEQ asked Simon Kale to Chair an international working group, to Gillian Botten (WA) not been achievable. We look forward to working with our Coaching riders of all ages and abilities progress the issue of safety and risk management in the area of Sally-Ann Barbera (NSW) insurance brokers to expand the insurance offering. (images above and right supplied by Robert Stewart) coaching on an international level. Susan Leslie (VIC)
14 15 DRESSAGE DRESSAGE
In just under two years, the National Discipline Committees The sports committees are currently working with EA Sports (NDCs) have evolved into a unified Committee of Chairs, Services Officer, Jenny Merity, to collate a national major working together to build and maintain a communication chain events calendar, addressing clashes and long-standing event that was previously the ‘missing link’ between disciplines. We dates, e.g. Royal Ag Shows. We are also working towards now see ourselves on an equal status, revealing a commonality establishing a national database, to document numbers-per- of issues and a network with more respect and understanding discipline from EA Online and State Branches, which will of a ‘whole of sport’. enable the committees to pull real-time statistical information This introduction is to give an understanding of the cross on participants, types, regions etc. pollination of issues that are now on the table for national We wish to greatly acknowledge our EA CEO and team. We discussion and this impacts on the Equestrian Australia would really appreciate Board support here, they have never Dressage Committee (EADC) and our priorities. wavered in being available and responsive whenever we have The primary achievement of 2020 was the resumption needed them, they have been outstanding. of competition. With all CDIs post February cancelled or Rozzie Ryan & Jarrah R took out the FEI World Cup Grand Prix There is very little ‘down time’ to being on a National Sports changed to CDNs, the disruption to Olympic preparations Freestyle at Boneo Park September 2019 (Stephen Mowbray) Committee, we’re on-call at any time, it’s our job. Our National and qualifications for our Australian-based contenders is Rider Representative, Maree Tomkinson, is likewise on call; she seeing our High Performance (HP) team, with Australian is the best means of communication to and from our riders. The impact of COVID-19 set unique challenges for sports Olympic Committee (AOC) backing, negotiate with the development across the board needing ‘lateral’ thinking – a We aim to make 2021 a year to remember; a celebration of FEI for exemptions in regard to the Rules for Ground Jury Dressage speciality. our Sport’s determination and grit that saw us through goals, composition, which impacts on Olympic qualifiers. training and competition programmes sidelined Australia-wide. ‘Virtual Dressage Competitions’ became the way to go, albeit One highlight gave us the best lift of the year. Mary Hanna with no official status, but still an outlet for peer competition We look forward to an ‘us’ year – now that we are all EA. and Cantana set an Australian record of 80.14%. in the CDI4* and judge feedback. This led to us widening our thinking about Prue Spurrett Grand Prix Freestyle at Willinga Park in February. It was a delivery of judge education. Online webinars, which took the Equestrian Australia Dressage Committee Chair stand-out display of lightness, harmony and partnership that Mary Hanna and ‘Calanta’ set a new Australian Record of place of face-to-face seminars and workshops for our judges, set the bar several notches higher and was rewarded by the 80.145% to win the Kur (Stephen Mowbray) are now part and parcel of our education programme – Thank you to our committee members: international 5* judges. Mary even scored an interview on especially significant for our regional and Territory judges – Prue Spurrett – Chair 2019/2020 ABC Grandstand, a first for Dressage! long overdue recognition of distance. Hannie Byrne 2019 Liz Owens 2019/2020 One of our working priorities is succession planning for officials; Virginia Creed 2019/2020 this is where we have commonality with other disciplines. We Gillian Botten 2019/2020 are working with our Equestrian Australia Dressage Judges Julie Jones 2020 Committee (EADJC) on a range of initiatives to encourage Maree Tomkinson Athletes’ Representative 2019/2020 more (younger) judges into and through the system. The number of judges aged under 35-years-old at the Introductory levels G & F is a challenge for the EADJC. They’re working with us on initiatives for the target demographic that will do the long haul through to FEI. Our State Dressage Associations (SDAs) are our ‘service deliverers’, our on-the-ground conduits to our membership. We wish to acknowledge the support and dialogue over a range of operational issues that we have received from our State Chairs, our Major Events Committee, our Steward General and our EA Dressage Judges Sub-Committee.
Judge Mary Seefried at a Mini-Masterclass (supplied by Mary Seefried)
16 17 EVENTING EVENTING
Developments The National Safety Manager has been appointed, so we welcome Meredith Chapman to that position. I am sure she will work closely with everyone to improve safety even more in our sport. A huge thank you to the out-going Roger Kane, who has already made many significant changes to safety across many areas in our sport.
Governance The National Discipline Chairs are meeting on a regular basis and this is proving to be very successful.
Education The sports operations team at EA have been working very
hard to update Official and Coach status and the pathways for Chris Burton Nations Cup NED (William Carey) Officials is almost complete. The Equestrian Australia Eventing Committee (EAEC) continues to work closely with the High Performance Team and, whilst Tokyo has been postponed, we are hard at work in maintaining the program, to be ready for the Games in 2021. Our riders in the High Performance Squads also continue their own personal programs to ensure they are ready to go fitness- wise, both athletes and horses, whenever they are called upon. We are confident that our team will do well at the games and bring home the medals.
Des Hughes Hazel Shannon and Willinga Park Clifford made history winning the Australian International 3DE 5 star for the third year in a row (Kirsty Pasto) Equestrian Australia Eventing Committee Chair
Our overseas riders have done very well in the past twelve Team results show that Australia came second out of twelve Thank you to our committee members: months despite the COVID-19 shutdown. teams at the CCIO4* Nations Cup in Boekelo (NED). The Des Hughes – Chair 2019/2020 Shane Rose and Virgil pulled off an impressive third at the team then followed that up with third place from eight Mattea Davidson 2019 CCI5*-L in Pau (FRA), having been in the UK for just ten days teams, in the World Equestrian Festival Championships at the Sharmayne Spencer 2019 after travelling over from Australia. CCIO4* at Aachen (GER), with Andrew Hoy and Bloom des Narelle Davidson 2019 Hauts Crets individually finishing in fifth place. Australia was Janet Houghton 2019/2020 Chris Burton as had a great season. Also at the CCI5*L in Pau one of only four nations that imported horses to this event. Wayne Copping 2019/2020 Shane Rose and Virgil finished 3rd at Pau (FRA) (Kirsty Pasto) (FRA), Chris and Quality Purdey finished second (33.8) from PollyAnn Huntington 2019/2020 a field of 42 riders, with 10 Nations represented at the event. Andrew Hoy and Vassily de Lassos have had a very impressive overall record this season, they have never been placed Jade Findlay 2020 Chris and Lawtown Chloe placed first at the CCI4*-L at outside the top ten at any FEI competition. Michael Dalmau 2020 Millstreet (IRE) from a field of 28 riders, representing eight Jamie Buckby 2020 Back on home turf, Stuart Tinney won the CCI4*-L at nations. Emma Mason Athletes’ Representative 2019/2020 Werribee (VIC) and had two other horses finishing in the top On Clever Louis, Chris won the CCI4*-S in the 8-9 years old ten. Hazel Shannon and Willnga Park Clifford made history at section at Blenheim (UK). Chris had only acquired the horse Adelaide by winning the Australian International 3DE CCI5*-L three to four weeks prior to this event. Then, just three weeks for the third year in a row. later, the combination also finished second in the Nation’s Cup at Boekelo (they tied for first place in the Dressage phase Terrific results from all of these riders! on a score of 26.0).
18 19 JUMPING SHOW HORSE
The past twelve months have been productive for the As many members would be aware, Korda Mentha were Equestrian Australia National Show Horse Committee appointed as voluntary administrators of Equestrian Australia (EASHC). Show Horse has continued to grow across all levels in June. The processes in relation to this are still ongoing. of ability, which is pleasing to see for the future of the sport. Thank you to the outgoing delegate for South Australia, Alyson Memberships and registrations have increased in most States. Emery, for her contribution to the sport as a representative on The EASHC has continued to work on updating rules and, the EASHC. We welcome Dominique Blanchette (NSW) & over time, many rules have been changed. However, with Gayle Manning (SA) to the committee. these changes, it raises the issue that “the rules do not always On behalf of the EASHC, I would like to express our speak to each other” between the National Show Horse appreciation to EA National Office staff Di Saunders & Jenny Rules and the General Regulations, Policies and By-Laws and Merity and Acting CEO Andrew Hamilton for their support to other relevant polices. We continue to work on this to ensure Show Horse throughout the past twelve months. consistency between the rules. Australian Jumping Team claim third place at CSIO 4star Nations Cup in America. From left to right - Rowan Willis, Hilary Scott, Todd Hinde We hope members stay safe during these very challenging (Chef d’Equipe), Amy Graham, Scott Keach (Sportfot) Equestrian Victoria (EVIC) hosted the EA Australasian Show times. Horse and Rider Championships in December 2019, bringing Jumping started on a positive note with a very successful One outstanding highlight of the year was our Nations Cup together competitors from across Australia to compete at Kerry Patchett 2019 National Championship at Boneo Park. Thanks to the Team placing 3rd in Wellington USA Nations Cup. Members the most prestigious event in the Show Horse calendar. The Equestrian Australia Show Horse Committee Chair McNaught family and all involved for staging the National of the Team being Amy Graham, Scott Keach, Hilary Scott and 2019 event played host to the beautiful hack “Mikimoto” being Championships and again congratulations to the winners Tom Rowan Willis. Well done to all involved. awarded the EA National Small Champion Hack title for the Thank you to our committee members: McDermott (Senior) on Elegance De La Charmille, Madeline As we all know, COVID-19 put an end to our competition sport fourth time, the only horse in the history of the event to win Kerry Patchett – Chair 2019/2020 Sinderberry (Young Rider) on Ciel and Sally Simmonds (Junior) mid-March 2020. EA Jumping Committee has now completed the award four times. Darryl Hayes 2019 on Oaks Chifley. the development of our National Calendar and are working on This is the only event on the Show Horse calendar that provides Mitchell Fox 2019 In January, we sent a team of Young Riders to the Trans-Tasman developing a National Rider Ranking. With all the restructure a team atmosphere, by way of bringing competitors together Kerry Wilson 2019 Team Borrowed Horse Competition at Larsens Showjumping that is happening in our sport I would encourage all members to represent their State at an elite level of competition over Tanya Reynolds 2019 Championship in Gisborne, New Zealand. The team consisted to be involved. We have a National Board, National Discipline three days at Werribee Park Equestrian Centre. A wonderful Chimene Deavin 2019/2020 of Chris Holland, Clemency Hughes, Samantha Lamont and Committees, State Boards and State Discipline Committees, event showcasing the best horses and riders in the country. Alyson Emery 2019/2020 Sally Simmonds, with Todd Hinde as Chef d’equipe. Each rider Toni Harper-Purcell 2019/2020 however it is you, the members that are Equestrian Australia Early 2020 saw the whole country come to a halt with the competed on borrowed horses which they had never ridden Lorri Mansell 2019/2020 (EA) so please become involved and vote to decide the future outbreak of COVID-19, which has impacted on our sport as a and the horses switched between riders each day. This in itself Gayle Manning 2020 direction of YOUR Sport. whole. Events were cancelled nationwide, impacting on many makes their competitiveness even more impressive as they Dominique Blanchette 2020 I would like to thank all involved in our reference groups for groups. The EAHSC meetings are currently being held via tele- displayed wonderful horsemanship skills throughout. Chris Lawrie Athletes’ Representative 2019/2020 their time and effort that they have contributed to make our conference as we endeavour to ensure our sport continues. The 2019/20 FEI Australian World Cup season was completed sport better. Special thanks to Rory Hovell, Stuart Jenkins, Coco in February 2020. Qualifiers were hosted by Caboolture, The EASHC & EVIC organising committees came to the very Miles, John Vallance and Annie White for all their support and Gatton, Waratah, Adelaide Royal, Melbourne Royal, difficult decision to postpone the 2020 EA Australasian Show work in the past year. Last but not least, thanks to all the office Horse & Rider Championships to 2021 (date to be confirmed) Tamworth, Adelaide 3DE, Sale, Sydney Summer Classic and Boneo Park (two events). A big thank you to all the organisers staff for their hard work in very trying times. due to COVID-19. The decision was a difficult one, as we of the events. The winner of the League was Chris Chugg on had hoped that the COVID situation would improve across Graeme Watts PSS Levilensky. Unfortunately, due to COVID, the World Cup the country with border restrictions being lifted and all States Equestrian Australia Jumping Committee Chair Final was cancelled. being able to travel to Victoria in December. However, it will not be possible. The safety and well-being of both competitors, Special thanks to the previous members of the World Cup Thank you to our committee members volunteers, judges and animals is paramount. Both committees Committee for their work and effort over the years. This Graeme Watts – Chair 2019/2020 will continue to work closely together for the future-planning committee has now been dissolved and the administration Tim Dreverman 2019 of the 2020 event. of the League is now with the Equestrian Australia Jumping John Vallance 2019/2020 Committee (EAJC). Annie White 2019/2020 Judge re-accreditation has been granted an extension to March 2022, to allow judges to be able to fulfil the requirements. FEI Jumping Stewards refresher course in October 2019 ran Rory Hovell 2019/2020 with Nigel King from Hong Kong as the Course Director, ably Coco Miles 2020 Multiple discussions have been held around the implementation assisted by Katrina Dukats, Australian FEI Jumping Steward Stuart Jenkins Athletes’ Representative 2019/2020 of interim COVID rules for the sport, to ensure States are able General. The course was well attended with 16 participants to continue to host events when facing border restrictions and who successfully refreshed their FEI status. other challenges. David Quayle and Why Waltz Kid Rock (supplied by ESA)
20 21 VAULTING DRIVING
Developments The EAVC has actioned initiatives on improving education. Online scoring development work has commenced through the EA Online portal. Once complete, it will enable results to be collected and distributed in a very timely manner. As 2020 saw the start of COVID-19 and the cancellation of events as we knew them, clubs around the country started to explore new ways of interacting safely with members. Online “protocol” judging was offered to barrel participants and proved a positive way to keep enthusiasm up, maintain engagement and boost even mental health levels. Yindi Falconbridge and Grace Joyce on Monty in the Pas des Deux While the year has proven frustrating for those with international WA (Rebecca de Vries) performance in their sights and organising committees have had the uncertainty of State border closures and the impact of returning judges that have not been officiating for longer than trying to include locally qualified officials in their programs due three years. It will involve a familiarisation session and judging to the financial burden of quarantine, we are continuing our with a mentor judge. forward-planning by consulting with the FEI. The Equestrian We currently have one EA Level 1 judge, seven EA Level 3 Australia Vaulting Committee (EAVC) are assisting organising judges, one FEI2* judge and two FEI3* judges. We also have committees towards the CVI1* and 2* event set to be held four EA stewards, one FEI Level 1 steward and four FEI Level in April 2021 and the National Championships, hosted by SA, 2 stewards. in October 2021. Events and Facilities Boyd Exell (AUS), who finished in first place, at FEI Driving World Cup at Olympia, London (GBR). Taken during the prize giving Initiatives ceremony. Taken on 21st December 2019 (FEI Liz Gregg) In 2019, each State hosted a State Championship. The Judges Eye Clinic were held in WA and VIC, offering Vaulters National Championships were hosted in Scone in October. the opportunity to hear and learn what a judge is looking for in Crossing over into 2020, events were stopped due to The 2019/20 year has truly been an unprecedented year ENSW Driving Awards saw Sandy Hunter take home the the competition arena. These proved to be both popular and COVID-19. A casualty early in the calendar was the 2020 EA and something that no one could ever have foreseen. Events prestigious Driver Of The Year and her elegant chestnut mare successful; able to financially to support themselves as events. Australian Vaulting Championships to be held in SA, however across the country were limited due to the ongoing impacts “Fiore” took home the Driving Horse Of The Year. Again, COVID-19 has allowed interaction for vaulters on a new some positives were the several digital ‘Zoom’ unofficial of the drought, lack of water and bushfires across many States The overall results for the 2019 Tamworth International Horse scale, in the form of electronic meetings. This will be beneficial competitions organised by clubs. and then COVID-19 brought the entire world to a standstill. Driving Trials were: to remote clubs and States in future education programs and Despite all these disruptions, there were still some great FEI H1 1* Tracey Borg, Sandy Hunter, Patricia Nolan clinics. The EAVC has now implemented regular and on-going Volunteers highlights that continued to emerge and brought our driving meetings with State committees, to better develop a cohesive The EAVC, working with the State committees, has been able community together. Here is a wrap up of the 2019-2020 FEI P1 1* Nicole Kimlin, Lisel Dingley plan for a way forward for Vaulting as a whole, not just State to offer some limited training for volunteers. Next season, we year: FEI H2 1* Ross Carbery by State. are hoping to be able to offer some national volunteer training The Young Drivers’ Clinic was brought back for a third year days FEI P1 2* Corby Cunnington Coaching and Officiating and saw the specially-designed clinic for our sports’ new and FEI H1 2* Lorraine Cairns experienced young athletes held in conjunction with the Boyd The EAVC Coaches Forum was a great initiative with support Darryn Fedrick FEI H2 2* Byron McIntyre from most States. Many ideas were shared with very positive Exell Clinic. The Young Drivers’ Clinic saw athletes under the Equestrian Australia Vaulting Committee Chair outcomes, including a specific Facebook page for Vaulting instruction of not only Boyd Exell, but fellow Australian coaches and industry professionals. The safe, fun and encouraging coaches and active lungers. The page is administered by a Thank you to our committee members: EA Participation Classes: environment established the fundamentals and allowed each coach representative from each State. Darryn Federick – Chair 2019/2020 young athlete to grow extensively in confidence and skill in Single Horse Haylee Frost, Kirstin Feddersen, Maria Trott EAVC established a coach working group to work with EA Jenny Scott 2019 such a short time during the weeklong clinic. It was great to in the development of updated Vaulting coaches’ syllabus. Sarah Hocking 2019/2020 Single Pony Deanna Hibberd see the variance in age from 8 – 24 years, with the majority Currently, there are nine EA Introductory coaches, twelve EA Lisbeth Betts 2019/2020 Pony Pairs Rachael Cooper of these young drivers new to the sport of Driving. The 2019 Level 1 coaches and five EA Level 2 coaches. Wendy Singlehurst 2019/2020 EA Young Driver Clinic attendees were Angus Redgewell, Vaulting is currently facing a downturn in judge numbers. One Sharyn van Someren 2020 Braydon Sonter, Charlie Zirkler, Harrison Redgewell, Harry of the reasons is limited competitions to meet re-accreditation Skye Barrowcliffe Athletes’ Representative 2019/2020 needs. A form has been developed to capture lapsed and McIntyer, Haylee Frost, Ned Andrew and Tamara Sempf.
22 23 DRIVING ENDURANCE
The Equestrian Queensland Awards saw Tor Van Den Berge I encourage the wider Driving community to stay connected receive the prestigious Finch Farm ‘Athlete Of The Year’ and follow the Driving Australia (Equestrian) Facebook Award. page. This platform provides a medium for Driving, High Equestrian Queensland Driving were dynamic with interactive Performance and Discipline updates, as well as some great webinars, Come & Try Days, and training weekends across and interesting articles and EA notifications. Southern Queensland. South Burnett Equestrian group hosted Thank you to all our wonderful Driving volunteers, officials, a number of driving activities that encouraged cross discipline committees, sponsors, athletes, grooms and coaches for all engagement in all elements of our sport. the hours, time, effort and commitment you put in. Thank you Equestrian NSW Driving also saw the continuation of monthly for your dedication, to our sport and taking the time to learn, club training days, the Tamworth International Horse Driving grow and share what our great sport is all about. Trials Event and club-based events in northern NSW. As host Our Driving community is grateful to you, because without of all events and training days in NSW, the Horse Driving you helping out (with even the smallest of activities) and Trials Club continued to be active, despite reduced competitor playing your part, the show would not go on. numbers due to the drought and bushfires. Because of the bushfires in Bega and surrounding regions, the January annual Jessica Meredith Boyd Exell Clinic, organised by the Southern Horse Driving Australian Trans Tasman Team (John Archer) Equestrian Australia Driving Committee Chair Trials Club, was sadly cancelled. Committee Members & Meetings Competition Internationally, only twelve months ago Tor Van Den Berge Thank you to our committee members: and the gorgeous pair, Felix and Harry (owned by Owen and Jessica Meredith – Chair 2019/2020 Dr Anne Barnes, who has held the Chair position for the 2019-20 presented many disruptions to all equestrians as we Janet Pilling), started their journey together. They competed at Veronica Steward 2019 previous two years, completed her term at the end of 2019. faced drought and bushfires towards the latter half and then only five competitions together (four of them FEI), consistently Andrea Webb 2019/2020 We thank Anne for all her efforts during this time and for COVID-19, which forced the cancellation of FEI competitions placing 2nd after the dressage and finishing in the top 10 at Ty Nichols 2020 helping to facilitate a cohesive committee. due to border closures. all, before heading off to the FEI World Pairs Championships Kirstin Feddersen 2020 To assist with communications to fill the vacant Athlete Equestrian Australia also entered Voluntary administration where they finished 18th out of 82 competitors. Corby Cunnington Athletes’ Representative 2019 Representative role, the Australian Endurance Riders’ which impacted the MOU process with our national body Boyd Exell had another astonishing year internationally, with Association Inc (AERA) were contacted to broaden the reach AERA. The administration process resulted in a significant the highlight truly being when he kept his cool, only to be of possible candidates. The interaction proved more than investment of time from the EAEC and I’m proud of the crowned the FEI Driving World Cup Final Champion for an worthwhile with a strong response and exceptional experience representation of Endurance in this process. Endurance will incredible NINTH time! Absolutely flawless, Boyd and his within nominations. Naomi Shaughnessy brings to the role continue to work closely with the other disciplines to ensure team navigated the course with his consistent flair, precision support from a domestic and international perspective having an improved position for both our sport and equestrian into and skill that made him victorious. successfully competed both domestically and as an Australian the future. representative at the World Equestrian Games (WEG). Her United States-based Janelle Marshall also performed well, insight will be well utilised in one of Endurance’s strategies of Chris Bailey quietly progressing with several combinations. Highlights were defining grassroots to elite pathway. Equestrian Australia Endurance Committee Chair the back-to-back winning of the Intermediate Single Pony at Live Oak Florida and placing 2nd at the Grand Oaks CDE As Chair, I have worked closely with the other EA Discipline Thank you to our committee members: Florida in the FEI P1 2*. Janelle was also the very deserving Committee Chairs over the last twelve months and have Christopher Bailey – Chair 2020 recipient of the Equestrian Victoria Carriage Driver Of The enjoyed bringing Endurance into the discussion with the Anne Barnes – Chair 2019 Year for 2020. other disciplines. The sharing of some common themes this Louise McCormack 2019 networking has allowed will enable Endurance to have a strong Matthew Walker 2019 The Driving community across Australia, although small, representation in many EA organisational areas. Robyn Parnell 2019/2020 is passionate about this sport and their community. This Jane Radny 2019/2020 is true now more than ever and really came to light when Sonya Ryan 2020 the HDT Club in NSW participated in the Toilet Roll Toss Elizabeth Lawrence competing in the marathon stage at the DVI Darien Feary 2020 Challenge to raise awareness for mental health. This light- Valkenswaard Netherlands event held at Boyd Exell’s, 2019 - Naomi O’Shaunessey Athletes’ Representative 2020 hearted challenge followed the hashtags #standingtogether Elizabeth travelled to Boyd’s to undertake training & drove Boyd’s by #notstandingtogether and was a huge success, going viral indoor team (Andrea Webb) all over Australia.
24 25 NEW SOUTH WALES NEW SOUTH WALES
Financial year 2019-20 was dominated by major challenges facing our sport and the wider community in NSW. In July 2019, Deputy Coroner Lee conducted the coronial inquiries into the tragic deaths in 2016 of Eventing riders Olivia Inglis and Caitlyn Fisher. The hearing took place over several weeks, and brought together experts from around Australia and overseas, to understand what happened and what could be done to improve safety in our sport. The Inglis and Fisher families were intimately involved and our heart-felt feelings and best wishes go to them. Nothing will bring Olivia and Caitlyn back, but the work done by Deputy Coroner Lee and his team, ably coordinated with the then CEO of Equestrian Australia, Lucy Warhurst, has fundamentally changed the way that equestrian sports are conducted in Australia, for the better. Most of the recommendations have been implemented in the sport of Eventing in NSW, with further work required to finalise the final few items. Without doubt, the reporting and findings from the inquest has resulted in a significant uplift in organising committees’ and competitors’ understanding of risk and most importantly, Charlie Richardson in the National Interschools CNC 2 Stare NSW Event of the Year Wallaby Hill International 3 Day Event Organising Team (Stephen Mowbray) measures to reduce those risks. (Stephen Mowbray)
The devastating bushfires over summer, across large swathes of Generous funding from the NSW Office of Sport, will help NSW, brought hardship to many in our equestrian community. our sport recover in the year ahead. More than $339,000 was We will be forever grateful to the dedication, courage and provided for club grass roots training and competitions, coaching resilience of our emergency services workers, who helped to and officials education and risk management training. save many properties and horses. From an operations perspective in 2019-20, Equestrian NSW Following in the footsteps of the bushfires, the COVID-19 membership numbers were stable at 8,400. A surplus of pandemic brought all equestrian competitions to a standstill. This $128,000 was delivered, with more than $390,000 spent on meant that some of the key events in NSW could not be run, discipline support. With COVID-19 and JobKeeper, staff costs including the Sydney CDI, Sydney 3DE, Southern Cross Show were down by 20 percent. Horse Spectacular and NSW Interschools Championships. It 2020-21 is forecast to be a really difficult year for Equestrian also meant that the Tokyo Olympics were postponed, with our NSW and our sport. Based on ongoing issues with COVID-19, NSW high performance athletes re-setting for 2021. it’s impossible to predict what the future will bring. We can only Training and coaching continued under restrictions, with some hope for some sort of normality, so we can enjoy the simple clubs and riding centres struggling to survive. Many in our pleasures of being with and riding our horses. equestrian community suffered. Disruption to our day-to-day lives, job losses, a significant downturn in business, especially for our professional riders and coaches, all made 2020 tough, both Bruce Farrar CEO, Equestrian NSW Dr Derek Major - Lifetime Achievement Award (Stephen Mowbray) financially and mentally, for many people.
Chris Burton and catch ride TAE Caspea at Wallaby Hill (Stephen Mowbray)
26 27 NEQUEENW SOSULATNHD WALES NEQUEENW SOSULATNHD WALES
Over the past year, Equestrian Queensland (EQ) has continued to make strong progress in line with each of our four strategic objectives; increasing participation across all levels of the sport, raising the standard of excellence, maintaining financial sustainability and delivering improved value to our members. Supporting our members and the volunteers who deliver equestrian activities is a key priority for us and always will be. The past twelve months have been increasingly challenging for our clubs and event organisers and we express our sincere appreciation to the more than 1,600 volunteers, 190 accredited coaches and 270 accredited officials for their support and dedication. Prydes EasiFeed Spring into Jumping Championships, Gatton - (Left) Hayley Morris, Carly Overton, Stuart Jenkins, EQ CEO Briston Toft, Our highlights for 2019/20 include Shane Davidson, Maleah Lang-McMahon & Gemma Creighton (Jedd Johnstone, The Jtaime) • Delivery of good governance workshops and resources to support our affiliated clubs and sport committees, to build • Supporting participation of clubs and the development of general knowledge and provide practical advice regarding grassroot riders through the delivery of eight EQ Leaderboards addressing issues. and the Interclub Challenge. • Providing over $240,000 in direct investment through various • Another year of membership growth (seventh consecutive funding programs, which support rider development, official year) and an operating surplus (ninth consecutive year). and coach education, events and safety initiatives for regional clubs and affiliates. EQ is very proud of the achievements of our sport committees, • Delivery of the 14th EQ Annual Awards with the induction of clubs and event organisers over 2019-2020. We also Mary Seefried and Chris Burton to the EQ Hall of Fame and acknowledge and thank all the volunteers who worked tirelessly the presentation of awards to our 14 category winners. during this time. • Final release of the EQ Statewide Facilities Plan, Facilities Standards and Implementation Plan. In 2021, the key priorities for Equestrian Queensland will be • Supporting the delivery of 23 courses to support the centred around horse welfare, member safety, education recruitment, refresh or upgrade of officials in the sport. Prydes EasiFeed Horse of the Year Champion Lead Rein Hunter and volunteer support, while working towards implementing • Implementation of new member benefits, such as our Virtual Pony n.e 12.0hh (riders 5yrs & under 8 yrs). Left- Martina Duncan, new ways to support regional areas and providing further Dressage Series, Freeform event, 30 day challenge and Cleo Valentine Duncan riding Berwyn Swallow and Kirsty Harper- development opportunities for grassroots riders. Purcell (OzShotz Photography) educational series. We look forward to continuing to be an industry leader in advocating the social and economic value of equestrian to communities and to ensure ongoing access to facilities, which • Delivery of EA Coaching Intensive Clinics and online coaching provide safe and enjoyable experiences to the growing number forums to support the accreditation and upgrade of new and of horses and riders participating in the increasing number of existing coaches. events on the annual calendar. • Release of the EQ Q&A Series, providing members an opportunity to learn from a broad range of experienced equestrian professionals. Briston Toft • Delivery of Queensland Horse Welfare Forum, with guest CEO, Equestrian QLD speaker Dr Roly Owers, World Horse Welfare. Bronte Rigney riding Funtime in the Dressage at the 2020 Pryde’s • Supporting our members, clubs and event organisers to plan EasiFeed Interschool Queensland State Championships and return to activities and competition through the delivery (Jedd Johnstone, The Jtaime) of COVID Safe Plans, resources and support. • Delivery of new member webinars including the ‘The Power Olivia Hamood and Knock Out III (IMP) in the 1.35-1.40m class of Positive Doing’ Webinar with Dr Phil Jauncey. at 2020 Pryde’s EasiFeed Spring into Jumping Championships at Gatton Showgrounds (Katie Mendl, Calico Pony)
28 29 NORTHERN TERRITORY NORTHERN TERRITORY
2019 NT Interschool National Championship Team Improved Member Services Six riders qualified to represent the NT, with the following four November 2019 saw a first for ENT, with the engagement of riders accepting team positions: Cara Doherty (Team Captain), two branch staff. This was immensely welcomed by the ENT Amy Fisher, Indiana Evans and Sophie Carlton. Unfortunately, Board of Directors and members alike, which has resulted in Bridie McKenna and Dominica Robertson were unable to vastly increased membership services and participation on a attend. national level with our interstate branch counterparts. Accompanied by family, friends, and supporters, with the The engagement of branch staff was made possible due to assistance and support of Team Manager Karen Ruzsicska and increased funding from the NT Government, the Department Jumping Coach Nicole Mutimer, the team made the trip to New of Sport and Recreation. The additional funding resulted in South Wales in September to compete. Equestrian NSW did recognition from the Department in the growth in membership, an excellent job hosting the 2019 Marcus Oldham Australian promotion, development, and delivery of equestrian sport in Interschool Equestrian Championships. the NT. Whilst the team didn’t have any podium finishes at the event, Lowlights the team has been recgonised in the NT for their achievements being a finalist in the category of ‘NT Team of the Year’ in Like the rest of the nation, the COVID-19 pandemic affected the 2020 NT Sports Awards. We are awaiting the result and, the NT in the ability to deliver any of the planned opportunities 2019 NT Dressage Championships placegetters (supplied by ENT) whichever way, ENT is very proud of their achievement and the in first half of 2020. The NT did fare a little better than most recognition they have received. States, being the first to return to competition in June 2020 Equestrian Northern Territory have had a successful year, with The vision for this event is for one day to evolve into a ‘North which, in Jumping, saw record number of entries at events. a major increase in their funding from the Northern Territory Australia’ championship. At present, Northern Territory and NT Judges The Future Government (NTG) – tripling their funding. ENT is now a Tier Western Australia are represented, we just need our friends Karen Ruzsicska EA Level 3 Jump Judge, was invited to judge at 2 sport based on their good governance and membership base from far north Queensland to attend. the 2019 Australian Jumping Championships. This is an event COVID-19 has highlighted the necessity to have more home- of approximately 500 across all their affiliates. August 2019 was the month of our state championships for with over 800 horses from all over Australia competing and is grown officials, judges etc. Development in this area has become Equestrian Northern Territory (ENT), despite the impacts Show Horse, Dressage and Jumping. All events were officiated one of the biggest events in Australia. a priority for ENT and will become a focal point of the strategic plan. of the COVID-19 pandemic affecting the first half of the NT by interstate judges and course designer. Numbers continue to Danila Lochrin and Jodi Triggs, both D Level Dressage Judges, competition season in 2020, has continued to improve the remain strong, with the championships being the pinnacle of the were invited to judge at the 2020 Victorian Youth Dressage ENT would like to thank all our volunteers who worked tirelessly services that it provides to its members and delivering the NT equestrian calendar. Championships, hosted at Boneo Park Equestrian Centre. to deliver the sport of equestrian in the NT. actions identified in our Strategic Plan. ENT is honoured our judges are being invited to judge at We look forward to continuing close collaboration with the other States, working together for the benefit and development Highlights interstate and national events. of equestrian sport across the nation. July 2019 was the Pryde’s EasiFeed Pre Royal inaugural event, running over three days at the Darwin Show Grounds. ENT, Danila Lochrin in conjunction with its affiliated clubs Darwin Dressage Club General Manager, Equestrian NT (DDC) and Darwin Show Jumping Club (DSJC), delivered highly contested competition in Dressage, Show Horse and Jumping. Competitors travelled from across the NT, Darwin to Alice Springs, including Katherine, with members from Western Australia, from Kununurra and as far south of the Kimberly as Halls Creek. To put in perspective the tyranny of distance for our members to attend, round trip distance to Katherine is 636km, to Alice Springs is 2,996km, to Kununurra is 1,658km and to Halls Creek is 2,374km. This demonstrates our members are prepared and Amy Fisher, Member of 2019 National Interschool Championship Olivia Rodeghiero and Riverdown Stom (Jumping) (Grand Effects are keen to travel to participate in competition. Team - competing at the 2019 Marcus Oldham National Photography) Interschool Championship, SIEC NSW (Stephen Mowbray)
30 31 South AUSTRALIA VICTORIA
evident that the Board still has some work to do in engaging When we reflect on the 2019/2020 financial year it would with our members and ensuring that we represent the true be easy to be preoccupied by the COVID pandemic, in truth voice of our constituency. We will continue to build on this however, the financial year saw Equestrian Victoria (EV) communication strategy and hope to see greater respect and continue to deliver against our Strategic Plan. While COVID transparency across all equestrian disciplines and participants in did have a significant impact on the membership and on EV South Australia. operations in the latter stages of the period, overall Equestrian The Board, like the committees, understand what it means to Victoria was able to consolidate the strong foundations laid in volunteer many hours of their time and expertise to ESA. We the first year of the plan. thank each and every one of our committee members for their As an organisation, we have been able to collectively ensure patience and perseverance through the review process, and in the future viability of EV, strengthening areas across the sport, their day to day tasks and activities that keep our equestrian despite the challenges of the global pandemic. We were sports going. particularly proud of implementing EV’s Event Management Despite the extraordinary circumstances that equestrian sport Policy and Procedure and fulfill our commitment of returning has dealt with this year, our membership numbers remain profits generated from disciplines, squads and event activities strong. The Board made a deliberate decision to discount back to the respective areas. Initially announced at the EV AGM our membership renewals going into the 2020-2021 financial at Werribee Park in November 2018, this initiative has created greater ownership within EV’s Sport Discipline Committees Melissa Boekel riding Regal Wolkendance (supplied by ESA) year, to compensate for the lack of events and the impact that COVID has had on all our lives. New categories were also (SDCs) and enables disciplines to build longer term plans in line introduced to better cater for our infrequent competitors and with the respective SDC and EV Strategic Plans. It goes without saying that the past year has been challenging those who are likely to be most impacted by COVID. We look We have also continued to secure government funding to in ways that no one could have predicted. The impact of the forward to seeing how these changes impact our membership support EV’s strategic agenda and we thank the Victorian COVID-19 pandemic, while occurring late in our membership rates next year. Government and particularly the Department for Jobs, Precincts year, has had lasting effects on the delivery of our sport both and Regions which incorporates Sport and Recreation Victoria here and across the world. Whilst we have been impacted in We welcomed a new Executive Officer (EO) in November for their ongoing support. a minor way when compared to our counterparts in Victoria 2019 and have seen the office settle into a new rhythm after Mary Hanna & Calanta at the Boneo Classic (Rachel Quagliani) and NSW, we must acknowledge the significant efforts that some unrest in previous years. Unfortunately, due to a personal During the last financial year, EV was able for the most part to circumstance, we will lose our EO and in November 2020, maintain its membership numbers, experiencing a net decline have gone into reducing the spread of the virus here in South Equestrian Victoria was strongly represented at the Victorian we will welcome a new person into this position. The Board of just 19 members. However, member expenditure declined Australia (SA), of which our community has contributed. Thank Sport Awards in February. Recognised as the night of nights for would like to thank Kirsty Dummin for her time at ESA and considerably during the period, the largest impacts of which you to all who have implemented COVID Safe plans, initiatives, the Victorian sporting community, the annual awards provide wish her and her family our best wishes for their new life in were horse related fees, down 48%, and membership fees which training and measures to enable the continued delivery of all sporting organisations with the opportunity to recognise Queensland. With greater governance and Board support, the were down 11% on FY19. The difference on FY19 figures can equestrian sport in a safe and reliable manner. and celebrate the outstanding achievements in sport and active Executive Officer will have the accountability to shape the ESA be attributed to the impact of COVID, which resulted in a State I was brought onto the Equestrian South Australia (ESA) Board recreation throughout the prior calendar year in Victoria. staff structure into a sustainable and effective office that will of Emergency being declared on 16 March 2020 preventing the after a period of review and reform. The 2019 Governance • Chris Wallis was named as one of four finalists in the Victorian meet all the membership and stakeholders needs. running of major equestrian events and activities. Review undertaken by Positive Solutions, detailed a great Sport Awards Official of the Year In closing, I would like to thank the membership for all your number of recommendations to move the Association forward Celebrations • The Victorian Interschool Team were crowned as 2019 after some time of difficulty. Recommendation F was to appoint support and passion for equestrian sport. With the rest of the While strategic delivery of the sport continued to be a central VicSport Young Team of the Year, and an interim and independent Chair to steer ESA through this Board, I look forward to further progressing our governance focus, we also took time to celebrate our successes. 2019/20 • Jan Smith awarded the Victorian Olympic Council (VOC) transitional period. The elected Board of ESA agreed to this reformation and supporting the Association as we strive started strongly with a terrific turn out at the annual EV Awards, Julius L Patching Award, which recognises the outstanding recommendation and subsequently appointed me to this role. to become a highly successful, transparent and accepting community of athletes, volunteers, officials and supporters of supported by principal partner Racing Victoria’s Off the Track contribution that officials make to the fabric of the Olympic Whilst my intent was always to work on the governance of equestrian sport. (OTT) Program and hosted at the RACV Club in the Melbourne sporting community in Victoria. Jan joins an illustrious group ESA, the decision for Equestrian Australia to enter Voluntary CBD with approximately 360 guests. of equestrian officials who have been previously recognised Administration has required a great deal of my time and input. by the VOC at the Julius L Patching Awards including Reg However, the EV Awards were not the only accolades shared Through this process, we have actively engaged with our Office Steve Ludlam Cleland, Barry Roycroft, Lindy Young and Chris Wallis. across our organisation in 2020. of Recreation, Sport and Racing and our Discipline Committees, Chair, Equestrian SA as well as encouraged the membership base to provide feedback and comments direct to the Board. It has become increasingly
32 33 VICTORIA VICTORIA
The development of our volunteer workforce continues to be In February, EV welcomed Dr Roly Owers, CEO World Horse Recognised as the ‘spiritual home’ of equestrian sport in a focus under our strategic plan with two of Eventing Victoria’s Welfare, to Melbourne for an industry presentation entitled “A Victoria, the office relocation will provide our members with officials receiving funding through the Change Our Game Social license for Equestrian Sport”. Held at William Inglis & Sons an administrative and event support hub that will result in Scholarship program: at Junction Oval and run in conjunction with the Classic Yearling greater efficiency and a stronger member service experience. • Chief Medical Officer, Dr Tess Goodwin was supported to Sales, the event brought together over 100 attendees in person This decision is consistent with Equestrian Victoria’s 2018-2022 undertake the Care Flight Course which deals with treating from diverse organisational backgrounds, including veterinarians, Strategic Plan with the five key reasons for the move motivated trauma emergencies in the field and stabilising patients prior equine dentists, educators, coaches, breed societies, pony club, by our desire to provide: to Medivac taking over; and HRCAV and EV, with the event also webcast by My Sport Live • Enhanced member support and engagement enjoying over 1,200 unique views during the week. • Jacqueline Sayers was supported to transition into the FEI as a • Improved administrative efficiency Dressage Judge/Ground Juror at the FEI course in Sydney. 2019/20 saw the culmination of many months work, with EV • Ongoing successful event support and delivery establishing a groundbreaking relationship with Racing Australia • Facility development and potential future government Industry Initiatives (RA). The first of its kind, this partnership sees EV and RA investment share horse traceability data and augment the numerous equine EV undertook three particularly special promotions during the • Positive financial outcomes through collective savings for both welfare initiatives implemented by the Australian Racing Industry. Russell Johnstone and DaPrice at the Boneo Classic (Rachel Quagliani) financial year. WPNEC and EV On 26 November 2019, EV partnered with SAP and Westpac The importance of Equestrian Victoria maintaining a presence to host seven-time Olympian Andrew Hoy in the Westpac at and engagement across all facets of our industry cannot With specific reference to facility development, we have Certainly, over the last seven months there have been moments Boardroom in Melbourne’s CBD for a cocktail function. 200 be understated. Undeniably, EV operates in a competitive recently completed the installation of an 80m x 90m multi- of frustration, but for the most part the EV membership has guests were treated to live music, drinks and canapes overlooking environment. We compete for government funding, for discipline Martin Collins waxed surface arena. Funding for this been resolute in adhering to the government advice around the the city, before enjoying a personal Q&A with Andrew, hosted sponsors, for members and it is the recognition by industry project was received from the Sport Australia Community Sport public health response, designed to ensure the safety of the by EV Board Member and long-time Hoy family friend Peter peers, government and broader community that assists in Infrastructure Grant program achieved through a collaborative entire community. Heagney. elevating EV as an organisation and provides us with the ability effort by Werribee Park and Equestrian Victoria and represents to do more. two years of dedicated work. We acknowledge and thank Sport What Does the Future Hold for Equestrian Victoria? Australia for making this possible. Our organisational focus remains squarely on sound fiscal Government Support management with an increased focus on: Sport & Recreation Victoria (SRV) funding increased during COVID 1. EV’s sport development pillar in the form of support for sport the year with the “Together More Active (TMA) Program” In the 2018-2019 Annual Report I suggested that as an disciplines through: supporting business development and planning and specific organisation we had “laid a foundation for future success, noting • Coaching, education, and youth development pathways project funding focussed on the expansion and development of that we still faced significant challenges”. Of course, no one could • Increased engagement and support of clubs and members our Interschool segment. have foreseen one of those challenges being a global pandemic! • Volunteer support for officials’ and judges’ education FY20 also saw EV sign the first ever multi-year, multi discipline On 16 March 2020, the Victorian community entered • Alignment to national planning agreement with the SRV Significant Sporting Events Program unchartered territory when a State of Emergency was declared. • Commercial opportunities (SSEP) through to 2023. This will support EV’s hosting of major Only days earlier, Equestrian Victoria had made the tough but 2. EV events and event support, and ensuring equestrian sport international and national events. Major events deliver many necessary decision to postpone both the PSI Dressage and has appropriate facilities for the conduct of the sport social, health, economic and liveability benefits for Victorians. Jumping with the Stars and Jumping Victoria State Titles events, 3. Marketing and communications, including a refreshed digital They showcase the best of sport in our own backyard, enable closely followed by the postponement of the Horseware presence for ISV and attracting non-traditional equestrian Victorian athletes to compete on home soil, provide inspiration Australia Victorian Interschool Championships and the Furphy partners to EV events for fans to emulate their heroes, and encourage people to get Media Melbourne International Three-Day Event. active and healthy through sport. If there was to be any positive taken from the impacts of the We have high ambitions for Equestrian Victoria over the next pandemic, it was how steadfastly our community stood with three years. A post-COVID environment will create new Facility Oversight – Development at Werribee Park us. The commitment of our event directors and organising challenges, and out of challenge comes opportunity - for which With events remaining a key focus for EV, 2019/20 saw committees, event supporting partners, sponsors, traders and we are ready. We encourage you to join us on the journey and, Equestrian Victoria make the strategic decision to relocate the suppliers, not to mention our participants, the team at Werribee in turn, live your equestrian dream. EV office back to Werribee Park National Equestrian Centre Park and EV staff. Their ability to pivot, to firstly minimise (WPNEC). the economic impact of event cancellation and their dogged Matthew Brown CEO, Equestrian VIC Brynie Lee & Valentino (Lisa Gordoni) determination not to let COVID bring us undone, highlights the overarching pragmatism and optimism of our cohort.
34 35 WESTERN AUSTRALIA WESTERN AUSTRALIA
State Developments Utilising EA Level 1 and Level 2 coaches, ten clinics were Coaching and Officiating Many areas of Equestrian Western Australia (EWA) saw growth delivered from January to July 2020, including two regional High Performance initiatives and developments events. The partnership achieved outstanding results with more in 2019. While it would have been great to see the continued In addition to several High-Performance workshops, Rod Brown than 370 horses attending the clinics an average of 2.3 times. increase in memberships seen in 2018 continued in 2019, the visited Western Australia in August 2019 to deliver a three-day Anecdotal feedback regarding clinic content and delivery was overall number of members are still above 2017 levels, following clinic to more than 25 Eventing and Jumping squad riders. Rod’s overwhelmingly positive due to the quality and accessibility the introduction of Recreational and Adult Riding memberships main aim was to work on straightness, contact through leg to to accredited coaches, officials and judges. This partnership is in 2018. The overall membership income fell slightly, although hand and lines between jumps. The SEC indoor arena provided continuing in 2020/2021. the financials show an overall gross increase in membership an excellent venue for a small course set-up. Approximately income, relating to the increased EA Membership Insurance Member Information and Achievements 98% of clinic spots were filled and it was great to have a chance costs in the 2019 fees. for riders to attend a ‘meet and greet’ with Rod on the Saturday Pleasingly, member numbers have not been largely affected by The number of horse Competition Licenses has fallen from evening. COVID-19 and have remained fairly consistent in comparison 1,800 in 2016 to 1,511 in 2019. This has resulted in a decrease to previous years. It is of note that the memberships taken out At Swan Hills horse Trials in September 2019, Jacinta Withoud in levies received by our sport committees by 14% over the later in the year mostly included non-competitive categories. organised and ran an excellent Technical Delegate (TD) past two years, highlighting a reduced participation in the Sport. and Course Designer (CD) seminar to address the ongoing Events at the State Equestrian Centre ran every weekend It was pleasing to receive confirmation of The City of Swan requirement for safety in Eventing. There were Interstate in 2019, including State Championships for Showjumping, approving funding; the amount of $223,183 will provide the presenters, Roger Kane, Level 3 TD and Sylvia Roberts Level 3 Dressage and Show Horse of the Year, with many midweek State Equestrian Centre (SEC) with ArenaKleen. This is a CD. It was very well attended with very positive outcomes, it clinics for coaching and other disciplines also being held. product designed to save bore water used at the facility and was also agreed that more Officials development and education assist with dust suppression on the arena surfaces. The year 2020 started well with all weekends booked but, due opportunities be held. to COVID-19 and the imposed restrictions, the SEC closed In addition, power supply has been added to ‘Presidents Lawn’, down on 21 March 2020, to be reopened in July 2020. Events for utilization by vendors, in place of generators. This will be useful for keeping the noise down at trade fairs during events. Unfortunately, this meant lots of events couldn’t run and others Carl Hester Masterclass – 14 October 2019 tried to reschedule into the very little space available. Several Dressage WA was thrilled to bring five-time Olympian, multi- EWA CEO, Dwight Pedlow, was fortunate to attend the events were required to share the SEC in order for their events medal winning rider and coach, Carl Hester MBE, to Perth for National Interschools Championships held at the Sydney Champion Show Hunter Pony (supplied by EWA) to go ahead and all worked well together in order to make this an intimate Masterclass on Monday 14 October 2019. On his International Equestrian Centre to watch the WA Interschools happen. Western Australia has been very privileged to have this way from the UK to New Zealand, Carl touched down for a team compete and enjoy this amazing youth festival. Well done The Masterclass focused on six levels: Introduction to the opportunity of normality. one-night only “Through the Levels” masterclass at Western to all our riders, as well as parents and siblings in supporting our Young Horse, 4 YO horse, 5 YO Horse, Elementary/Medium, Australia’s State Equestrian Centre. riders to participate in this great opportunity to represent WA. The past year has had a number of highlights for the Show Advanced, Small Tour and Large Tour, using local horse and Horse Committee but probably the one that stands out is the rider combinations. The audience got so much out of the EWA hosted the annual EA and State CEO’s face to face success of the Western Australian team at the EA Australasian lessons with a packed State Equestrian Centre in attendance. meeting, which enabled the CEOs to also attend the Perth Horse and Rider at the Championships in December 2019. The Horse Trials Wooroloo Three Day Event. Western Australia team made its presence felt by winning two Equestra – 7/8 December 2019 Equestra aims to provide a platform for a variety of equestrian Off The Track Educational Series – A Partnership Championships, a Reserve Champion in the Open Large Hunter sports and recreational activities to perform and exhibit with Racing and Wagering Western Australia Galloway and Second Runner-Up in the Open Medium Show Pony. There was great team spirit throughout the competition their work in one place over a fun weekend celebrating the During the 2019/2020 year, EWA embarked on a partnership and we congratulate the team on their participation and success. relationship between horse and human. with Racing and Wagering Western Australia (RWWA) to After the success of Equestra 2018, the two-day event was deliver and promote an Off the Track educational series. The held again in December 2019, it saw the State Equestrian series provides opportunities for riders and Off the Track horses Centre host a free festival of equestrian disciplines, family to improve themselves in a range of disciplines. It also includes entertainment, educational clinics, and training sessions for off-horse activities such as horse management, goal setting, equestrian enthusiasts. The highlight event was an exhibition fitness training and psychology for both competitive and grass from Horsemanship Trainers Louise Ratcliffe and Dan Steers roots riders. from Double Dan Horsemanship.
WA coaching update Jan 2020 presented by 5 star Event rider Full House for an Evening to Remember – Masterclass with Carl Dwight Pedlow and EA Level 3 coach Will Enzinger (supplied by EWA) Hester 2019 (Eric Lloyd Photography) CEO, Equestrian WA
36 37 HONORARY LIFE MEMBERS
Gilbert Adrian QLD Ronald Easey NSW Megan Jones SA Vicki Roycroft NSW Gillian Adrian QLD Jo Edwards SA (dec.) Samantha Jones WA Wayne Roycroft QLD EQUESTRIAN AUSTRALIA LIMITED (Subject to Deed of Company Arrangement) Lola Anderson VIC (dec.) Jeff Evans SA Scott Keach SA Heath Ryan NSW
Malcolm Ansell VIC (dec.) Boyd Exell QLD Colin Kelly VIC (dec.) Matt Ryan NSW Kevin Bacon NSW (dec.) (John) Thomas Fahey QLD Margaret Kelly VIC (dec.) Richard Sands WA ABN 19 077 455 755 Frank Bawden SA Stan Fear VIC John Kelly VIC (dec.) George Sanna NSW
Mervyn Bennett NSW Kiera Foletta VIC (dec.) Pat Kenneally VIC (dec.) James Scanlon VIC (dec.) Dianne Bennit WA Joann Formosa VIC Judy Kilby TAS Wendy Schaeffer-McDonald Hayley Beresford VIC Clayton Fredericks WA Nicole Kullen NSW (dec.) SA Nikki Bishop NSW Lucinda Fredericks WA Ivy Lambert QLD Brian Schrapel VIC Geoffrey Bloomfield VIC Fred Freeman WA Neale Lavis NSW (dec.) Michael Scott OAM SA Grace Bowman SA Kristina Fritzell SA Harry Le Bherz QLD Tahlia Shambrook QLD Rod Brown NSW Robert Fryer VIC Laurie Lever VIC Judith Sheldrake QLD John Bruggemann SA (dec.) Marie Gahan VIC (dec.) Anne Lindh SA Robert Shepherd SA Richard Bruggemann SA (dec.) Peter Gahan VIC (dec.) Sue-Ellen Lovett NSW Chris Smith VIC Allan Bruno VIC Ronald J Garrett QLD Bridget MacIntyre NSW Suzanne Smith VIC Olivia Bunn NSW Robert Goldsworthy SA (dec.) Lisa Martin NSW Kerry Smith TAS Christopher Burton NSW Denis Goulding SA Jenny Marwood TAS Brook Staples NSW Jane Bush SA Ann Graves TAS Val Mayger WA Anne Taylor WA David Button WA David Green QLD Gregory McDermott NSW Erica Taylor SA Heather Cameron VIC (dec.) Sandra Hammill VIC (dec.) Geoff McGuire WA Edie Thomas VIC (dec.) Samuel Campbell NSW Mary Hanna VIC Margaret McIver VIC (dec.) Wyatt ‘Bunty’ Thompson NSW (dec.) Isabel Casey TAS Julie Hargraves NSW Rebel Morrow QLD Stuart Tinney NSW Gavin Chester VIC Sandra Haynes SA Jane Murray QLD Edwina Tops-Alexander NSW June Chesterman TAS Suzanne Hearn NSW Wanda Nelson VIC (dec.) Zane Treloar SA Reginald Cleland VIC Dennis Heather VIC (dec.) Rob Oakley NSW Michael Trenerry SA Francine Cleland VIC Peter Hickey QLD Lyndal Oatley NSW Katie-Maree Umback NSW Jamie Coman VIC Hollie Hicks QLD Kristy Oatley-Nist NSW Adrianus Uytendaal VIC David Cooper NSW Lynda Hicks QLD Jenny Parlevliet VIC Marg Van Heel VIC (dec.) Ian Coulson TAS Peter Hickson WA James Paterson-Robinson Julie Wakefield VIC (dec.) Harry Cox VIC (dec.) Julie Higgins NSW NSW Shirley Walsh QLD Guy Creighton QLD Judith Hogan WA Jack Patten VIC (dec.)
Denis Pigott NSW Tim Weigal WA (dec.) Brian Cobcroft NSW (dec.) Mary Hovers SA FINANCIAL REPORT Carol Wells WA (dec.) Felicity Cribb NSW Andrew Hoy NSW Jan Pike NSW Brian Whibley SA Mrs De Crespigny VIC (dec.) Wendy Hunt SA Hazel Pither WA (dec.) P Dennis White NSW (dec.) FOR THE YEAR ENDED 30 JUNE 2020 Derek Dobson QLD Mary Ipkendanz WA Kaye Platt SA Judy Whyntie SA Hannah Dodd NSW Lynette Jacobs VIC (dec.) Stuart Platt SA Matthew Williams VIC Rachel Downs NSW Sharon Jarvis WA Gillian Rolton OAM SA (dec.) Antionette Williams QLD Jessica Draper VIC Graham Jensen QLD Shane Rose NSW Mary Williamson VIC (dec.) Jim Dunn OAM SA (dec.) Sonja Johnson WA Amanda Ross VIC Phillip Dutton NSW Russell Johnstone VIC Barry Roycroft VIC Jack Eadon VIC (dec.) Caroline Jones SA Clarke Roycroft VIC (dec.)
38
Deed Administrators’ Report CONTENTS DeedDeed Administrators Administrators’ Report’ Report
Deed Administrators’ Report ...... 411 The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the Auditor’s Independence declaration ...... 499 CompanyTheThe DeedDeed) Administrators haveAdministrators resolved ofto ofEquestrianmake Equestrian and Australiasign Australiathis Limitedreport Limited in(Subject place (Subject ofto theDeed directorsto of Deed Company, andof Company inArrangement) our capacity Arrangement) (the as Deed (the Administrators of the Company for the year ended 30 June 2020. CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Financial Statements ...... 1050 Administrators of the Company for the year ended 30 June 2020. OnAdministrators 9 June 2020, weof the were Company appointed for Voluntary the year endedAdministrators 30 June 2020.of the Company. On 16 July 2020 on the execution Statement of Profit or Loss ...... 11 51 ofOn a 9 Deed June of2020 Company, we were Arrangement appointed Voluntary (DOCA), Administratorswe were appointed of the asCompany Deed Administrators.. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution Statement of Financial Position ...... 1252 of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. Weof ahave Deed made of Company this report Arrangement based on information (DOCA), we provided were appointed to us by theas Deed Company Administrators. and with records that we have Statement of Changes in Equity ...... 1353 inspected.We have made This thisreport report is made based by on us information without having provided had to any us involvementby the Company with and the with Company records prior that weto ourhave date of inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have Statement of Cash Flows ...... 14 appointment as Voluntary Administrators. 54 appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of Notes to The Financial Statements ...... 15 Toappointment the maximum as Voluntary extent permissible, Administrators. we disclaim any representation made or implied by us as a result of 55 To the maximum extent permissible, we disclaim any representation made or implied by us as a result of information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct Deed Administrators’ declaration ...... 3474 informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of wwhichhich is attributable toto any any willful willful misconduct misconduct, gross, gross negligence negligence or willfulor willful failure fail toure comply to comply with relevantwith relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation.legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant AdministratorsAdministratorslegislation.
TheTheAdministrators name of thethe Company’s Company’s Deed Deed Administrators Administrators and and Voluntary Voluntary Administrators Administrators in office in office during during the financial the financial year year andand until the datedate of of this this report report is isset set our our below. below. The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . and. until Kate the ConneelyConneely date of this report is set our below. . Craig Shepard . CraigKate Shepard Conneely Governance Overview Governance. Craig Overview Shepard The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth) and is required to comply with all applicable legal and reporting obligations. recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Registered office RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The Company’s registered office is: RegisteredUnit office 7 11Unit-21 7 Underwood Road The Company’sHOMEBSH11-21 Underwood registered NSW 2129 Road office is: HOMEBSH NSW 2129 Members’ Unitlimited 7 liability Members’11 limited-21 Underwood liability Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 HOMEBSH NSW 2129 Ifeach the Ctowardsompany meeting is wound any up, outstanding the Constitution obligations states of that the eachCompany. member At 30is requiredJune 2020, to contributethe total amount a maximum that of $1 eachmembersMembers towards of’ limited the meeting Company liability any are outstandingliable to contribute obligations if the Cofompany the C ompany.is wound upAt was30 June$6 (2019: 2020, $6). the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1
1
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Directors . Enhance the Pathway Programs for Officials, Volunteers, Coaches and Athletes to encourage year on year membership growth. TheDeedDeed following Administrators Administrators persons were ’directors Report’ Report of the Company during the whole of the financial year, unless otherwise DeedDeed Administrators Administrators’ Report’ Report . Perform on the World Stage including World Equestrian Games and Olympic Games and Maintain stated : alignment with the Sport Australia's Sport 2030 - National Sport Plan to ensure we are the world's most The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the The. DeedPeter Administrators William Toft (resigned of Equestrian 15 September Australia 2020) Limited (Subject to Deed of Company Arrangement) (the The Deedactive Administrators and healthy nation, of Equestrian known for Australia our integrity Limited and sporting (Subject success. to Deed of Company Arrangement) (the CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators. Helen Hamiltonof the Company James for (resigned the year 15 ended September 30 June 2020) 2020. Administrators. Identify of alternate the Company revenue for the streams year ended to build 30 Junethe financial 2020. reserves of Equestrian Australia. Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. . John Gregory Glenn (resigned 15 September 2020) On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution ofOn a. 9Deed JuneCatherine of 2020 Company, weMargaret Arrangementwere appointed Collier ((resignedDOCA Voluntary), we 15 were September Administrators appointed 2020) as Deed of the Administrators. Company. On 16 July 2020 on the execution ReviewofOn a 9Deed June of ofOperations 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. We .have Erica made Ethel this Macmillanreport based (resigned on information 11 May provided 2020) to us by the Company and with records that we have TheWe operating have made profit this reportfor the based year endedon information 30 June provided2020 as $ to228,10 us by5 the (2019: Company $141,349 and ).with records that we have inspected.We. haveGillian madeThis reportAnne this Canapiniisreport made basedby (resigned us withouton information 18 havingSeptem hadber provided any 2019, involvement appointedto us by with the 16 the CompanyJanuary Company 2020, and prior withand to resigned recordsour date that11of May we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have Financial Management appointmentinspected.2020) This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of appointment as Voluntary Administrators. appointment as Voluntary Administrators. To .the maximumDavid Cameron extent (resigned permissible, 4 February we disclaim 2020) any representation made or implied by us as a result of TheTo thefinancial maximum statements extent arepermissible, presented we in disclaim Australian any currency. representation The annualmade orreport implied and by the us financial as a result statements of information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct wereinformation authori providedsed for issue to us by which us on we 24 may December reasonably 2020. rely upon. This disclaimer does not extend to any conduct To .the Suzannemaximum Aileen extent Doyle permissible, (resigned 8 Novemberwe disclaim 2019) any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation.. Alistair Robert Mackinlay (resigned 7 November 2019) Duringlegislation. our appointment we have the power to amend and reissue the annual report and the financial statements. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Afterwhich our is appointment, attributable the to Company’sany willful d irectorsmisconduct have, thegross power negligence to amend or and willful reissue fail theure annual to comply report with and therelevant Details of each of the above directors’ qualifications, special responsibilities and experience are set out in the Administratorslegislation. financialAdministratorslegislation. statements. Director Information section of this report. TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year DividendsTheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year Companyand until theSecretary date of this report is set our below. and until the date of this report is set our below. The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . The c.onstitution of the Company prohibits the payment of dividends. No dividends were paid during the year. Theand Company until Kate the ConneelySecretary date of this was report Ms Sashi is set Sharin our below.Lata. The Company Secretary resigned on 25 August 2020. and until Kate the Conneely date of this report is set our below. . Craig Shepard Director. InformationCraig Shepard Principal. ActivitiesKate Conneely . Kate Conneely Governance Overview TheGovernance details of Overview each Director’s qualifications, special responsibilities and experience at 30 June 2020 are set out The principal. Craig activity Shepard of the Company remained unchanged and was that of being the National Sporting below.. Craig Shepard OrganisationThe Company (NSO operates) for Equestrian as a company Sport inlimited Australia, by guarantee.recognised Thisby the structure Federation reflects Equestre the Internationalbest practice (FEI), The Company operates as a company limited by guarantee. This structure reflects the best practice SportrecommendationsGovernance Australia Overview(SA ),for the national Australian sporting Olympic organisations Committee (NSOs (AOC) )contained and Paralympics in Sport Australia Australia’s (PA Mandatory). Sports recommendationsGovernanceDirector Overview for national Term sporting organisationsQualifications (NSOs) andcontained Experience in Sport Australia’sSpecial Mandatory Responsibilities Sports Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Company(Cth)The andCompany Objectivesis required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)PeterThe and Company is required 21operates toNovember comply as with a2018 allcompany applicable FEI Official limited legal and and byTechnical reporting guarantee. Delegateobligations. This structureNone reflects the best practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Williamrecommendations Toft to for15 nationalSeptember sporting within organisations Equestrian Sport(NSOs ) contained in Sport Australia’s Mandatory Sports TheRegisteredGovernance objectives office Principles.of the Company As a company are split betweenlimited by short guarantee, term and the long Company term objectives. is governed by the Corporations Act 2001 RegisteredGovernance office Principles. 2020 As a company limited by guarantee, the Company is governed by the Corporations Act 2001 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. Short Term Objectives Helen 1 April 2019 to 15 LLB (hons) Aberdeen University, Fellow Chair of Finance Audit and RegisteredUnit office 7 HamiltonRegisteredUnit office 7 September 2020 of the Institute of Chartered Risk Management . Improve11-21 Underwood the capacity Road and capability of the Equestrian Australia service offering to members or our James 11-21 Underwood Road Accountants of England and Wales and committee The Company’scommunity.HOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: a member of the Institute of Chartered . Continuously improve member safety and horse welfare through the development of sound policy and Accountants in Australia Members’ limited liability Members’ limited liability process.Unit 7 Unit 7 11-21 Underwood Road 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 . FocusHOMEBSH on domestic NSW 2129and international high-performance development across all disciplines. HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that . Enhance communication to build trust and enable inclusive decision making across our community. membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). Long Term Objectives
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 . each towardsTo see Equestrianmeeting any sport outstanding thrive in Australia obligations for generations of the Company. to come. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 1
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John 1 April 2019 to 15 Australian Institute of Company None Meetings of Directors Gregory September 2020 Directors, GAICD, FAIML, Post grad DeedGlennDeed Administrators Administrators’ Report’ Report qualification in Mathematics, DuringDeedDeed the Administrators Administrators financial year, 13’ meetingsReport’ Report of directors were held. Attendances by each director were as follows: Engineering, Computer Science and TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian ManagementAustralia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed Boardto of Deed Company Meetings of Company Arrangement) Arrangement) (the (the CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place Eligiblein ofplace the to directorsof Attend the directors, and in our, and Attendedcapacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. SuzanneAdministrators Doyle of the Company for the year ended 30 June 2020. 6 6 Alistair MacKinlay 6 6 On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution PeterofOn a 9Deed Toft June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of 1the 3Administrators. Company. On 16 July10 2020 on the execution Catherineof a Deed of Company16 January Arrangement 2020 to (DOCAMaster), weof wereBusiness appointed Adm asinistration, Deed Administrators. None Rickof av DeedMacMillan of Company Arrangement (DOCA), we were appointed 1as1 Deed Administrators. 10 WeMargaret have made this15 Septemberreport based 2020 on information FAICD, providedand JP to (QLD) us by theformer Company EQLD and with records that we have JohnWe haveGlenn made this report based on information provided to us by the 1Company3 and with records 12that we have inspected.CollierWe have madeThis report this isreport made basedby us withouton informationDirector having and had provided Viceany involvementChair; to hasus by worked with the theCompany in Company and prior with to recordsour date thatof we have Gillianinspected.We have Cana madeThispini report this isreport made basedby us withouton information having had provided any involvement to us by6 with the theCompany Company and prior with to6 recordsour date thatof we have government, the media, commercial appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of Davidappointmentinspected. Cameron This as Voluntary report is Administrators. made by us without having had any involvement7 with the Company7 prior to our date of appointment as Voluntary Administrators.and not for profit sectors appointment as Voluntary Administrators. To the maximum extent permissible, we disclaim any representation made or implied by us as a result of HelenTo the Hamilton maximum-James extent permissible, we disclaim any representation1 3made or implied by us as13 a result of Cathi Collier 6 5 informationEricaTo the Ethelmaximum provided 1 April extent to us2019 which permissible, to we 11 may Dualreasonably we Olympian,disclaim rely anyupon.Bachelor representation This of disclaimer Dentistry doesmade notChair or extend implied(until to May any by 2019) conductus as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Macmillaninformation providedMay 2020 to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Significantwhich is Changesattributable in the to State any ofwillful Affairs misconduct , gross negligence or willful failure to comply with relevant AdministratorsGillianlegislation. Anne 21 November 2018 Advanced Diploma in HR, LLB None Administratorslegislation. Canapini to 18 September Melbourne, Professional Certificate in On 9 June 2020, the then Board of Directors of the Company resolved to place the Company into voluntary TheAdministrators name of the 2019Company’s and 16 Deed January Administrators Arbitration, and Voluntary Certificate Administrators Mediation in office during the financial year administrationTheAdministrators name of the, with Company’s Kate Conneely Deed Administrators and Craig Shepard and Voluntary of KordaMentha Administrators appointed in office as Voluntaryduring the financialAdministrators. year At and until the date2020 of this to report11 May is 2020set our below. theand Second until the Meeting date of thisof Creditorsreport is set held our onbelow. 14 July 2020, creditors of the Company resolved that the Company The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year executeThe name a D OCAof the. The Company’s DOCA was Deed executed Administrators on 16 July and 2020, Voluntary and the AdministratorsVoluntary Administrators in office during became the the financial Deed year . Kate Conneely . Kate Conneely Davidand until the date1 February of this report 2019 tois set4 ourBachelor below. Secondary Education and Athlete Director. HP Panel. Administratorsand until the .date of this report is set our below. Cameron. Craig ShepardFebruary 2020 Human Movement . Craig Shepard . Kate Conneely The key. objectivesKate Conneely of the DOCA have now been achieved, and include the following: GovernanceSuzanne Overview3 November 2017 to PhD Economics Chair (until April 2019) & Governance Overview . Craig Shepard . . TheCraig calling Shepard of a special general meeting of the Company to amend the Company's Constitution. Aileen Doyle 8 November 2019 Member of Finance Audit The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice and Risk Management & . The establishment of a Deed Fund, from which creditor claims were to be paid in full. recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Governance Principles. As a company limited by guarantee, the Company is governed byRemuneration the Corporations Committee Act 2001 Governance. The Principles.selection Asand a companyappointment limited of by a guarantee,Nominations the Committee Company is governedto consider by theapplications Corporations for Acta position 2001 on (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompanythe is requiredFirst Boardoperates to comply of Directors as with a all companyof applicable the Company, limited legal and by reportingto provideguarantee. obligations. a recommendation This structure of reflectsappropriately the qualifiedbest practice Alistair 21 November 2018 LLB. Former admitted practitioner Chair (until April 2019) & recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationscandidates to for the national Deed Administrators. sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Robert to 7 November 2019 Member of Finance Audit RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Mackinlay and Risk Management & . The appointment of nine individuals to comprise the First Board of Directors of the Company. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. Remuneration Committee As the outcome of the administration is now known, the accounts have been prepared on a going concern basis. RegisteredUnit office 7 TheRegistered DeedUnit Administrators office 7 do not have any intention as at the date of this report to wind down or liquidate 11-21 Underwood Road operations11 of-21 the Underwood Company. Road The Company’sHOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: On entering administration, all liabilities of the Company, including but not limited to, trade and other payables, Members’ Unitlimited 7 liability andMembers employee’ Unitlimited 7entitlements, liability were frozen ('Pre-appointment Liabilities'). On 20 October 2020, the Deed 11-21 Underwood Road Administrators11-21 made Underwood a distribution Road of 100 cents in dollar to admitted creditors of the Pre-appointment Liabilities If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 HOMEBSH NSW 2129 in accordanceHOMEBSH with the NSW Corporations 2129 Act 2001 (Cth). each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). AsmembersMembers at the dateof’ limited the of C ompanythis liability report, are liablethe final to contribute administrative if the C ompanyobligations is wound pursuant up was to $6the (2019: terms $6). of the DOCA are being attended to, and the documentation required to be lodged to effectuate the DOCA will be completed shortly.
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 ControlIf the C ofompany the Company is wound will up, revert the toConstitution the First Board states of thatDirectors each onmember effectuation is required of the to DOCA. contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 1
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To the best of the Deed Administrators' knowledge, there have been no circumstances arising, other than those uncertainty arising from this, conservative assumptions have been applied around membership and event income, disclosed below, since 30 June 2020 that have significantly affected or may significantly affect: external grant funding and operational expenses. DeedDeed Administrators Administrators’ Report’ Report DeedDeed Administrators Administrators’ Report’ Report a. The operations These forecasts indicate that, taking account of reasonably possible downsides, the Company is expected to TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the continueTheThe DeedDeed to Administrators operateAdministrators within ofavailable ofEquestrian Equestrian cash Australia levels. Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the b. The results of those operations, or CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. However,Administrators there ofare the risks Company present for which the year may ended threaten 30 June the 2020. Company's ability to continue as a going concern if they Administratorsc. The state of theof affairs Company of Equestrian for the year Australia ended Limited 30 June in 2020.future financial years. wereAdministrators to occur, including: of the Company for the year ended 30 June 2020. On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9. JuneThe 2020 ongoing, we were situation appointed surrounding Voluntary COVID Administrators-19, and the of thepotential Company impact. On 16on Julymembership 2020 on the or executionthe Company's On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution Environmentalof a Deed of Company Regulations Arrangement (DOCA), we were appointed as Deed Administrators. of a Deedoperations of Company should Arrangement Government (DOCA-imposed), we were restrictions appointed assignificantly Deed Administrators. increase, particularly if geographical of a Deed of Company Arrangement ( ), we were appointed as Deed Administrators. of a Deed of Company Arrangement ( ), we were appointed as Deed Administrators. DOCA lockdowns are imposed. DOCA TheWe Company have made is thisnot reportaffected based by any on informationsignificant environmental provided to us regulationby the Company in respect and with of its records operations. that we have We have made this report based on information provided to us by the Company and with records that we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have inspected.We. haveThe madeThis Company's report this isreport madefunding basedby asus NSO withouton informationnot havingbeing reinstatedhad provided any involvement in to due us course. by with the theCompany Company and prior with to recordsour date thatof we have Newappointment Accounting as Voluntary Standards Administrators. Implemented appointment as Voluntary Administrators. inspected. This report is made by us without having had any involvement with the Company prior to our date of inspected.. Any Thisother report material is made event by or us interruption without having to the had Company any involvement's operations with which the Company may occur prior beyond to our the date of appointment as Voluntary Administrators. appointment as Voluntary Administrators. TheTo theCompany maximum has extentimplemented permissible, three we new disclaim Accounting any representation Standards that made are orapplicable implied byfor usthe as current a result reporting of To the maximumcontrol of extentthe Company. permissible, we disclaim any representation made or implied by us as a result of period.informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of TheinformationTo riskthe ofmaximum the provided above extent tocircumstances us which permissible, we mayeventuating reasonably we disclaim remains rely anyupon. present representation This disclaimerand very realdoesmade. Asnot orat extend theimplied date to any byof conductsigningus as athese result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct accounts,information and providedafter assessing to us thewhich Company’s we may currentreasonably circumstances, rely upon. Thisthe Deeddisclaimer Administrators does not areextend satisfied to any as conductto AASBlegislation. 15: Revenue from Contracts with Customers legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant thewhich Company’s is attributable ability to continueto any willful as a going misconduct concern ,as gross at the negligence date of the oraccounts. willful failure to comply with relevant Administratorslegislation. Administratorslegislation. AASB 1058: Income of Not-for-Profit Entities Indemnification of Officers and Auditors AASBTheAdministrators name 16: Leas of thees Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year and until the date of this report is set our below. Duringand until the the 20 date20 financial of this report year, isthe set Company our below. paid a premium in respect of contracts insuring the Directors of the Company, the Company Secretary and all executive officers of the Company against a liability incurred as a director, TheseThe namehave beenof the applied Company’s using Deedthe cumulative Administrators effective and method; Voluntary that Administrators is, by recognising in office the cumulative during the effectfinancial of year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . secretary. or executive officer to the extent permitted by the Corporations Act 2001 (Cth). initiallyand until applyingKate the Conneely date AASB of 15, this AASB report 1058 is set and our AASB below. 16 as an adjustment to the opening balance of equity at 1 January and until Kate the Conneely date of this report is set our below. 2019.. Therefore,Craig Shepard the compa rative information has not been restated and continues to be reported under AASB The Company. Craig hasShepard not otherwise, during or since the end of the financial year, except to the extent permitted by . Kate Conneely . Kate Conneely 118: Revenue, AASB 117: Leases and AASB 1004: Contributions. Further information is provided in Note 1 to the law, indemnified or agreed to indemnify an officer or auditor of the Company against a liability incurred as such financialGovernance statements. Overview officerGovernance or auditor. Overview . Craig Shepard . Craig Shepard The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice Matters Subsequent to the End of the Financial Year Proceedings on Behalf of the Company recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports TheGovernance Coronavirus Principles. pandemic As a (‘COVIDcompany-19’) limited and by related guarantee, measures the Company to slow theis governed spread ofby thethe virusCorporations have had Act a 2001significant NoGovernance person has Principles. applied toAs the a company Court under limited section by guarantee, 237 of Corporations the Company Actis governed 2001 (Cth) by thefor Corporationsleave to bring Act proceedings 2001 impact(Cth)The and Companyon isthe required Australian operates to comply and globalas with a alleconomy,company applicable supplylimited legal chainsand by reporting andguarantee. financial obligations. markets,This structure and resulted reflects in increased the best levels practice on(Cth)The behalf andCompany ofis requiredthe Company. operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice ofrecommendations volatility and uncertainties. for national The effectssporting of organisationsthis health crisis (NSOs are continuing) contained to inunfold, Sport and Australia’s the ultimate Mandatory extent of Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Registered office Registered office theGovernance economic Principles.impacts worldwide As a company are unknown. limited by F orguarantee, the year theended Company 30 June is 2020,governed COVID by- 19the has Corporations impacted theAct 2001 NoGovernance proceedings Principles. have been As abrought company on limitedbehalf byof guarantee,the Company the with Company leave isof governed the Court by under the Corporations section 237 Act of 2001 Company,The(Cth) Company’s and specifically is required registered as to follows: complyoffice is: with all applicable legal and reporting obligations. CorporationsThe(Cth) Company’s and is Actrequired registered 2001 (Cth).to complyoffice is: with all applicable legal and reporting obligations.
Registered. ReducedUnit office 7 ability to hold equestrian events and therefore generate membership and other income. Auditor’sRegistered UnitIndependence office 7 Declaration . Requirement11-21 Underwood to reduce Road employee contact hours, in line with the decreased operational demand. 11-21 Underwood Road The Company’sHOMEBSH registered NSW 2129 office is: TheThe auditor’s Company’sHOMEBSH independence registered NSW 2129 officedeclaration is: as required under section 307C of the Corporations Act 2001 (Cth) is . Restricted interstate activity of equestrian sport. included after this report. Members’ limited liability Members’ limited liability . RestrictUnit 7ed international and interstate travel. Unit 7 11-21 Underwood Road 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 . ReceiptHOMEBSH of Federal NSW Government2129 support by way of Jobkeeper and Cashflow Booster payments. HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that Despite the impact of COVID-19, the Company generated profit of $228,105 and maintained positive working membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). capital.
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 Management has prepared projected cash flow information for the twelve months from the date of approval of theseeach accounts towards taking meeting into any consideration outstanding estimated obligations continued of the business Company. impacts At 30 of June COVID 2020,-19. Inthe response total amount to the that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 1
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ŝ Auditor EϲϱϭϬϱϭϮϳϵϯϳ Auditor’s Independence Declaration Under Section 307C of The Corporations Act ǁǁǁ͘ǁǁ2001 toͲǁĂ͘ĐŽŵ͘ĂƵ ů WalkerDeedDeed Wayland Administrators Administrators Audit (WA) ’Pty Report’ LimitedReport continues in office in accordance with section 327 of Corporations Act The Deed Administrators of Equestrian Australia Limited. Ă 2001 (Cth). Ğ The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the Đ The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed I declare that, to the best of my knowledge and belief, during the year ended 30 June 2020 there have ͗ Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed Ɛ Administrators of the Company for the year ended 30 June 2020. been no contraventions of: ThisAdministrators report is signed of thein accordance Company forwith the a resolutionyear ended of 30 the June Deed 2020. Administrators. н ŝ On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution (i) the auditor independence requirements as set out in the Corporations Act 2001 in relation On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution ϲ of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. to the audit; and ŵ of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. ϭ We have made this report based on information provided to us by the Company and with records that we have ŝ inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have (ii) any applicable code of professional conduct in relation to the audit. ϴ Auditor’s Independence Declaration Under Section 307C of The Corporations Act 2001 to ů Kaappointmentinspected.te Conneely This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of The Deed Administrators of Equestrian Australia Limited. ϵ Deedappointment Administrator as Voluntary Administrators. Ğ To the maximum extent permissible, we disclaim any representation made or implied by us as a result of SYDNEY ϯ informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of I declare that, to the best of my knowledge and belief, during the year ended 30 June 2020 there have ͗ which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant 24information December 2020.provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct been no contraventions of: ϲ legislation. н which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant (i) the auditor independence requirements as set out in the Corporations Act 2001 in relation ϳ Administratorslegislation. WALKER WAYLAND AUDIT (WA) PTY LTD ϲ to the audit; and ϯ ϭ TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year and until the date of this report is set our below. ϰ (ii) any applicable code of professional conduct in relation to the audit. ϴ The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . Kate Conneely ϰ and until the date of this report is set our below. ϵ ϰ . Craig Shepard . Kate Conneely ϯ Richard Gregson CA ǁ Governance Overview ϲ . Director Craig Shepard ǁ The Company operates as a company limited by guarantee. This structure reflects the best practice Level 3, 1 Preston Street, COMO WA 6152 ϳ recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports WALKER WAYLAND AUDIT (WA) PTY LTD ǁ Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Dated this 24th day of December 2020 ϯ (Cth) and is required to comply with all applicable legal and reporting obligations. ͘ The Company operates as a company limited by guarantee. This structure reflects the best practice ϰ recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports ǁ RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 ϰ (Cth) and is required to comply with all applicable legal and reporting obligations. ǁ The Company’s registered office is: ϰ
Ͳ RegisteredUnit office 7 Richard Gregson CA ǁ 11-21 Underwood Road Director ǁ The Company’sHOMEBSH registered NSW 2129 office is: Level 3, 1 Preston Street, COMO WA 6152 ǁ Ă ǁ Members’ Unitlimited 7 liability th Dated this 24 day of December 2020 ͘ 11-21 Underwood Road ͘ If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 HOMEBSH NSW 2129 Đ each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that ǁ membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). Ž ǁ ŵ If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 Ͳ each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that ͘ members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). ǁ >ĞǀĞůϯ͕ϭWƌĞƐƚŽŶ^ƚƌĞĞƚ͕ŽŵŽtϲϭϱϮͮWKŽdžϮϭϲϮ͕ŽŵŽĞĂĐŚtϲϭϱϮͮd͗нϲϭϴϵϯϲϰϵϵϴϴͮ&͗нϲϭϴϵϯϲϳϯϰϰϰ Ă 1 Ă
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Financial Statements Statement of Profit or Loss DeedDeed Administrators Administrators’ Report’ Report AndDeedDeed Other Administrators Administrators Comprehensive Income’ Report’ Report for the Year Ended 30 June 2020
Note 2020 2019 TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed $ $ Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Revenue On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company . On 16 July 2020 on the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOn Revenue a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed 2 as Deed of the Administrators. Company5,609,715. On 16 July 2020 on 6,551,378 the execution of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. of Other a Deed revenue of Company Arrangement (DOCA), we were appointed as Deed Administrators.765,810 455,350 We have made this report based on information provided to us by the Company and with records that we have We have made this report based on information provided to us by the Company and6,375,525 with records that we 7,006,728have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of Expenses appointment as Voluntary Administrators. appointment as Voluntary Administrators. To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct Amortisation and impairment loss 3 28,425 32,208 To the maximum extent permissible, we disclaim any representation made or implied by us as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant w Depreciationhich is attributable expenses to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely3 upon. This disclaimer47,355 does not extend to 38,806any conduct legislation. legislation. Employee benefits expense which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross 3negligence or willful1,638,627 failure to comply 1,448,882 with relevant High performance program expenses 1,681,719 2,559,084 Administratorslegislation. Administratorslegislation. Insurance premiums & related expenses 1,522,704 1,467,155 TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators Finance name andof the bank Company’s fees Deed Administrators and Voluntary Administrators in office21,261 during the financial year 37,699 and until the date of this report is set our below. and Office until and the ITdate cost of this report is set our below. 211,636 233,613 The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The Professional name of thefees Company’s Deed Administrators and Voluntary Administrators in office during the financial year . Kate Conneely . 306,186 109,659 and until the date of this report is set our below. and until Kate the Conneely date of this report is set our below. Event and promotion expenses 18,009 26,989 . Craig Shepard Travel,. Craigboard Shepard and committee expenses 80,807 109,612 . Kate Conneely . Kate Conneely FEI expenses 216,868 314,508 Governance Overview Governance Overview . Craig Shepard Other. expensesCraig Shepard 373,824 487,164 The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure6,147,421 reflects the best practice 6,865,379 recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations ( NSOs) contained in Sport Australia’s Mandatory Sports Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Net current year surplus 228,105 141,349 Th(Cth)Theese and Companyfinancial is required statements operates to comply coveras with a Equestrian allcompany applicable Australia limited legal and Limited.by reporting guarantee. The obligations. financial This statements structure are reflects presented the in best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice Other comprehensive income for the year - - Australianrecommendations currency. for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs ) contained in Sport Australia’s Mandatory Sports Registered office Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Equestrian Australia Limited is a company limited by guarantee, incorporated, and domiciled in Australia. Its Total Comprehensive Income 228,105 141,349 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. (Cth) and is required to comply with all applicable legal and reporting obligations. registered office and principal place of business is: The Company’s registered office is: RegisteredUnit office 7 RegisteredUnit office 7 Equestrian11 -Australia21 Underwood Limited Road (Subject to Deed of Company Arrangement) 11-21 Underwood Road UnitThe 7Company’s HOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: 11-21 Underwood Road HOMEBSHMembers’ Unitlimited NSW 7 2129 liability Members’ Unitlimited 7 liability 11-21 Underwood Road 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 A descriptionHOMEBSH of the Company’s NSW 2129 operations and its principal activities is included in the Deed Administrator’s HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that report on pages 1 to 8, which is not part of these financial statements. members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). Members’ limited liability Members’ limited liability Th e financial statements were authorised for issue by the Deed Administrators on 24 December 2020. The Deed AdministratorsIf the Company have is wound the power up, the to amendConstitution and reissue states the that financial each member statements. is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towardsThe accompanyingThe meeting accompanying any notes outstanding notes on pages on pagesobligations 55-73 15 formto 33of anformthe integral Cpartompany. of part these Atof financial 30these June accounts statements. 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 1
10 11
1 1 50 51
Statement of Financial Position Statement of Changes in Equity ForDeedDeed the YearAdministrators Administrators Ended 30 June 2020’ Report’ Report ForDeedDeed the YearAdministrators Administrators Ended 30 June 2020’ Report’ Report 2020 2019
Note $ $ TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed CompanyRetained of Company Arrangement) Arrangement)Total (the Equity (the CURRENT ASSETS CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. AdministratorsCash and cash equivalents of the Company for the year ended 305 June 2020. 1,320,158 1,725,052 Administrators of the Company for the year ended 30 June 2020.Reserves surplus Receivables 6 9,768 42,847 On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution ofOnInventories a 9Deed June of 2020 Company , we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed7 as Deed of the Administrators. Company- . On 16 July 202011,230 on the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOther a Deed assets of Company Arrangement (DOCA), we were8 appointed as Deed386,409 Administrators. 14,041 of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. $ $ $ WeTotal have Current made thisAssets report based on information provided to us by the Company1,716,33 and5 with records that 1,793,170 we have We have made this report based on information provided to us by the Company and with records that we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of NON-CURRENT ASSETS appointment as Voluntary Administrators. appointmentBalance as at as1 July Voluntary 2018 Administrators. 594,014 724,873 1,318,887 ToProperty, the maximum plant and extent equipment permissible, we disclaim any representation9 made1,092,334 or implied by us as 1,064,545a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of Surplus for the year attributable to members of the informationToIntangible the maximum assetsprovided extent to us which permissible, we may reasonably we disclaim rely 1 anyupon.0 representation This disclaimer43,276 doesmade not or extend implied to any by 71,701conductus as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant wentityhich is attributable to any willful misconduct, gross negligence or willful failure to comply 141,349 with relevant 141,349 information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation.Total Non -current Assets 1,135,610 1,136,246 legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant wBalancehich is asattributable at 1 July 2019 to any willful misconduct, gross negligence 594,014 or willful fail ure866,222 to comply 1,460,236 with relevant Administratorslegislation.TOTAL ASSETS 2,851,945 2,929,416 Administratorslegislation. TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year andCURRENT until the LIABILITIES date of this report is set our below. andBalance until the as atdate 1 July of this 2019 report is set our below. 594,014 866,222 1,460,236 ThePayables name of the Company’s Deed Administrators and11 Voluntary Administrators430,771 in office during 444,63 the financial8 year TheSurplus name for of the the year Company’s attributable Deed to membersAdministrators of the and Voluntary Administrators in office during the financial year . Kate Conneely . Kate Conneely andProvisions until the date of this report is set our below. 13 123,685 118,705 andentity until the date of this report is set our below. 228,105 228,105 Lease. LiabilityCraig Shepard 12,399 - . Craig Shepard . Kate Conneely . Kate Conneely Other Liabilities 14 542,681 883,581 Balance as at 30 June 2020 594,014 1,094,327 1,688,341 Governance Overview Governance Overview Total. CurrentCraig LiabilitiesShepard 1,109,536 1,446,924 . Craig Shepard The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice recommendationsGovernanceNON-CURRENT Overview LIABILITIES for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports GovernanceProvisions Principles. As a company limited by guarantee,13 the Company is governed9,858 by the Corporations Act22,256 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice Lease Liability 44,209 - recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports RegisteredGovernanceTotal Non office-Current Principles. Liabilities As a company limited by guarantee, the Company54,067 is governed by the Corporations 22,256 Act 2001 RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. TOTAL LIABILITIES 1,163,603 1,469,180 RegisteredUnit office 7 RegisteredUnit office 7 NET ASSETS11-21 Underwood Road 1,688,341 1,460,236 11-21 Underwood Road The Company’sHOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is:
MembersEQUITY ’ Unitlimited 7 liability Members’ Unitlimited 7 liability Reserves11 -21 Underwood Road 15 594,014 594,014 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 HOMEBSH NSW 2129 HOMEBSH NSW 2129 eachRetained towards surplus meeting any outstanding obligations of the16 C ompany. At 301,094,327 June 2020, the total amount 866,222 that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). Members’ limited liability Members’ limited liability TOTAL EQUITY 1,688,341 1,460,236
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towardsThe accompanyingT meetinghe accompanying any notes outstanding notes on pages on pagesobligations 55-73 15 formto 33of anformthe integral Cpartompany. of part these Atof financial 30these June accounts statements. 2020, the total amount that each towardsThe accompanyingT meetinghe accompanying any notes outstanding notes on pages on pagesobligations 55-73 15 formto 33of anformthe integral Cpartompany. of part these Atof financial 30these June accounts statements. 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 1
12 13
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Notes to The Financial Statements Statement of Cash Flows For the Year Ended 30 June 2020 For the Year Ended 30 June 2020 DeedDeed Administrators Administrators’ Report’ Report 1.DeedDeed STATEMENT Administrators Administrators OF SIGNIFICANT’ Report’ ACCOUNTINGReport POLICIES
2020 2019 TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheTheThe financial DeedDeed Administrators Administrators statements cover of ofEquestrian Equestrian Equestrian Australia Australia Australia Limited Limited Limited (Subject as an (Subject individual to Deed to company,of Deed Company of incorporated Company Arrangement) Arrangement) and (thedomiciled (the Note $ $ in Australia. Equestrian Australia Limited is a company limited by guarantee. CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Cash flows from operating activities The financial report was approved by the Deed Administrators on 24 December 2020. On 9 June 2020, we were appointed Voluntary Administrators of the Company . On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution Government grants received 3,713,710 4,118,844 ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company . On 16 July 2020 on the execution BasisofOn a 9Deed ofJune preparation of 2020 Company, we of Arrangementwere the financialappointed (DOCA report Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOther a Deed receipts of Company in the course Arrangement of operations (DOCA ), we were appointed as Deed Administrators.3,561,943 2,705,131 of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. WePayments have made to suppliers this report and based employees on information provided to us by the Company and(7,675,004) with records that we (6,634,398) have TheseWe have general made- purposethis report financial based onsta informationtements have provided been preparedto us by the in accordanceCompany and with with them records Corporations that we have Act 2001 inspected. This report is made by us without having had any involvement with the Company prior to our date of inspected. This report is made by us without having had any involvement with the Company prior to our date of WeInterest have received made this report based on information provided to us by the Company 2,739and with records that 2,877 we have (Cth)We haveand Australian made this Accounting report based Standards on information and Interpretations provided toof usthe by Australian the Company Accounting and with Standards records Board. that Thewe have appointment as Voluntary Administrators. appointment as Voluntary Administrators. inspected. This report is made by us without having had any involvement with the Company prior to our date of Companyinspected. is Thisa not report-for-profit is made company by us forwithout financial having reporting had any purposes involvement under with Australian the Company Accounting prior Standards. to our date of appointment as Voluntary Administrators. appointment as Voluntary Administrators. ToNet the cash maximum used in extentoperating permissible, activities we disclaim any representation 17 (ii)made or implied(396,612) by us as a result 192,455 of MaterialTo the maximum accounting extent policies permissible, adopted wein tdisclaimhe preparation any representation of these financial made statementsor implied by are us presented as a result below of and information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct haveinformation been consistently provided to appliedus which unless we may stated reasonably otherwise. rely upon. This disclaimer does not extend to any conduct To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of wCashhich flowsis attributable from investing to any activities willful misconduct , gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct Theinformation financial statements,provided to except us which for wethe maycash reasonablyflow information, rely upon. have Thisbeen disclaimer prepared ondoes an notaccruals extend basis to andany areconduct legislation.Payments for property, plant and equipment (8,212) (10,781) legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant basedwhich on is historicaattributablel costs, to modified, any willful where misconduct applicable,, gross by the negligence measurement or willfulat fair valuefailure of toselected comply non with-current relevant
Administratorslegislation. assets,Administratorslegislation. financial assets and financial liabilities. The amounts presented in the financial statements have been Net cash used in investing activities (8,212) (10,781) rounded to the nearest dollar. The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year Administrators Administrators andCash until flows the fromdate of financing this report activities is set our below. and until the date of this report is set our below. Compliance with the Australian Accounting Standards – Reduced Disclosure Requirements ThePayment name of of borrowings the Company’s Deed Administrators and Voluntary Administrators in office- during the financial - year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . Kate Conneely . Kate Conneely and until the date of this report is set our below. Theand financial until the statements date of this of report the Company is set our comply below. with the Australian Accounting Standards – Reduced Disclosure Net. cash Craig used Shepard in financing activities - - Requirements. Craig Shepard as issued by the Australian Accounting Standards Board (AASB). . Kate Conneely . Kate Conneely
Governance Overview Governance Overview Net .decrease Craig inShepard cash held (404,894) 181,674 The financial. Craig report Shepard has been prepared in accordance with the significant accounting policies disclosed below, TheCash Company on hand atoperates beginning as ofa thecompany financial limited year by guarantee. This structure reflects1,725,051 the best practice 1,543,378 determinedThe Company to beoperates appropriate as a tocompany meet the limited needs by of members.guarantee. SuchThis accountingstructure reflects policies theare consistentbest practice with the previous period unless stated otherwise. recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports
GovernanceCash at end Principles. of the financial As a company year limited by guarantee, the Company 17 is (i) governed by1,320,15 the Corporations8 Act 1,725,0522001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Accounting Policies (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Registered office (a)Registered Revenue office Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. RevenueThe(Cth) Company’s and from is required saleregistered of goods to complyoffice is recogniis: with salled applicablewhen the significantlegal and reportingrisks and rewardsobligations. of ownership of the goods have passed to the buyer and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Registered office Registered office Unit 7 Risks andUnit rewards 7 of ownership are considered passed to the buyer at the time of delivery of the goods to the 11-21 Underwood Road 11-21 Underwood Road The Company’s registered office is: customer.The Company’s registered office is: HOMEBSH NSW 2129 HOMEBSH NSW 2129 Revenue recognition Members’ Unitlimited 7 liability Members’ Unitlimited 7 liability
11-21 Underwood Road 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 TheIf the Company Company has is wound applied up, AASB the Constitution 15: Revenue states from that Contracts each member with Customers is required (AASB to contribute 15) and aAASB maximum 1058: of Income $1 of HOMEBSH NSW 2129 HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that Noteach-for towards-Profit Entitiesmeeting (AASB any outstanding 1058) using obligations the cumulative of the effective Company. method At 30 oJunef initially 2020, applying the total AASB amount 15 andthat AASB membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). 1058membersMembers as an of’ adjustmentlimited the Company liability to are the liable opening to contribute balance of if theequity Company at 1 January is wound 2019. up was Therefore, $6 (2019: the $6). comparative information has not been restated and continues to be presented under AASB 118: Revenue and AASB 1004:
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 ContributionsIf the Company. is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towardsThe accompanyingThe meeting accompanying any notes outstanding notes on pages on pagesobligations 55-73 15 formto 33of anformthe integral Cpartompany. of part these Atof financial 30these June accounts statements. 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 1 15
14
1 1 54 55
In the current year The Company recognises income in profit or loss when or as the Company satisfies its obligations under the terms of the grant. Contributed assets Deed Administrators’ Report Deed Administrators’ Report TheDeed Company Administrators receives assets from’ Report the government and other parties for nil or nominal consideration in order to InterestDeed inc Administratorsome ’ Report further its objectives. These assets are recognised in accordance with the recognition requirements of other TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the InterestTheThe DeedDeed income Administrators Administrators is recognised of ofEquestrian using Equestrian the effectiveAustralia Australia interestLimited Limited method.(Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the applicable accounting standards (for example, AASB 9, AASB 16, AASB 116 and AASB 138). CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. DividendAdministrators income of the Company for the year ended 30 June 2020. OnAdministrators initial recognition of the of Company an asset, thefor Companythe year ended recognises 30 June related 2020. amounts (being contributions, lease liability, Administrators of the Company for the year ended 30 June 2020. financialOn 9 June instruments, 2020, we were provisions, appointed revenue Voluntary or Administratorscontract liability of arisingthe Company from a. Oncontract 16 July with 2020 a on customer). the execution TheOn 9Company June 2020 recognises, we were appointed dividends Voluntary in profit or Administrators loss only when of thethe CompanyCompany’s. On right 16 July to receive2020 on payment the execution of the ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution dividend is established. Theof a Company Deed of Companyrecognises Arrangement income immediately (DOCA) in, we profit were or appointedloss as the asdifference Deed Administrators. between the initial carrying of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. We have made this report based on information provided to us by the Company and with records that we have We have made this report based on information provided to us by the Company and with records that we have amount of the asset and the related amount. inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have Branchinspected.We have Levy madeThis and report Membershipthis isreport made based byIncome us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of Operating grants, donations, bequests and sponsorship Branch levies and related contributions revenue is recognised in the period in which the service is provided. appointment as Voluntary Administrators. appointment as Voluntary Administrators. To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of When the Company received operating grant revenue, donations or bequests or sponsorship amounts, it All revenue is stated net of the amount of goods and services tax. informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of assesseswhich is whetherattributable the tocontract any willful is enforceable misconduct and, gross has sufficientlynegligence specificor willful performance failure to comply obligations with inrelevant accordance which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. Inlegislation. the comparative period withwhich AASB is 15.attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant legislation. legislation. WhenAdministrators both these conditions are satisfied, the Company: Non-Administratorsreciprocal grant revenue was recognised in profit or loss when the Company obtained control of the grant and it was probable that the economic benefits gained from the grant would flow to the Company and the TheAdministrators .nameidentifies of the Company’s each performance Deed Administrators obligation and relating Voluntary to the Administrators grant in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year and until the date of this report is set our below. amountand until of the the date grant of this could report be measured is set our below. reliably. The. namerecognises of the Company’s a contract Deedliability Administrators for its obligations and under Voluntary the agreement Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . Kate Conneely If conditions. Kate were Conneely attached to the grant which must be satisfied before the Company was eligible to receive the and. untilrecognises the date ofrevenue this report as it satisfies is set our its below. performance obligations. and until the date of this report is set our below. contribution, the recognition of the grant as revenue was deferred until those conditions were satisfied. Where. theCraig contract Shepard is not enforceable or does not have sufficiently specific performance obligations, the . Craig Shepard . Kate Conneely . Kate Conneely Company: When grant revenue was received whereby the Company incurred an obligation to deliver economic value Governance Overview Governance Overview . Craig Shepard directly. backCraig to Shepardthe contributor, this was considered a reciprocal transaction and the grant revenue was . recognises the asset received in accordance with the recognition requirements of other applicable The Company operates as a company limited by guarantee. This structure reflects the best practice recognisedThe Company in the operates statement as ofa financialcompany position limited asby a liabilityguarantee. until This the servicestructure had reflects been delivered the best to practice the accounting standards (for example AASB 9, AASB 16, AASB 116 and AASB 138) recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports contributor;recommendationsGovernance otherwise Overview for national, the grant sporting was recognised organisations as income(NSOs) oncontained receipt. in Sport Australia’s Mandatory Sports Governance. recognises Principles. related As a company amounts limited (being by contributions, guarantee, the lease Company liability, is governed financial by instruments, the Corporations provisions, Act 2001 revenue Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (Cth)The andCompanyor is contractrequired operates toliability comply arisingas with a all companyfrom applicable a contract limited legal with and by areporting customer)guarantee. obligations. This structure reflects the best practice The(Cth)The Company andCompany is required received operates to comply non -reciprocalas with a allcompany applicable contributions limited legal ofand assetsby reporting guarantee. from obligations. the governmentThis structure and otherreflects parties the for best no or practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports . recognises income immediately in profit or loss as the difference between the initial carrying amount of nominal value. RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 the asset and the related amount. These assets were recognised at fair value on the date of acquisition in the statement of financial position, with a The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. If a contract liability is recognised as a related amount above, the Company recognises income in profit or loss corresponding amount of income recognised in the statement of profit or loss and other comprehensive income. whenRegistered or Unitas it office 7satisfies its obligations under the contract. RegisteredUnit office 7 11-21 Underwood Road Donations11 and-21 Underwoodbequests were Road recognised as revenue when received. CapitalThe Company’s grantHOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: Interest revenue was recognised using the effective interest method, which for floating rate financial assets is WhenMembers the’ UnitlimitedCompany 7 liability receives a capital grant, it recognises a liability for the excess of the initial carrying amount of theMembers rate inherent’ Unitlimited 7 liabilityin the instrument. Dividend revenue was recognised when the right to receive a dividend had 11-21 Underwood Road 11-21 Underwood Road theIf the financial Company asset is wound received up, theover Constitution any related states amounts that each(being member contributions, is required lease to contribute liability, financial a maximum instruments, of $1 beenIf the established.Company is wound Rental up, income the Constitution from operating states leases that each was member recognised is required on a straight- to contributeline basis a maximum over the of term $1 of HOMEBSH NSW 2129 HOMEBSH NSW 2129 provisions,each towards revenue meeting or contractany outstanding liability obligationsarising from of a thecontract Company. with aAt customer) 30 June 2020, recognised the total under amount other that theeach relevant towards leases. meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that Australianmembers of Accounting the Company Standards. are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). Members’ limited liability RevenueMembers from’ limited the rendering liability of a service was recognised upon the delivery of the service to the customer.
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 16 1 17
1 1 56 57
(b) Foreign currency translations and balances held as assets. Where this information is not available, other valuation techniques are adopted and, where significant, are detailed in the respective note to the financial statements. Functional and presentation currency Deed Administrators’ Report GaDeedins and Administrators losses on disposals’ Reportare determined by comparing net proceeds with the carrying amount. These gains TheDeed finan Administratorscial statements are presented’ Report in Australian dollars which is the company's functional and presentation Deed Administrators’ Report and losses are recognised in profit or loss in the period in which they occur. When revalued assets are sold, currency. amounts included in the revaluation relating to that asset are transferred to retained surplus. TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TransactionsCompanyCompany) )have have and resolved Balancesresolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. (e)AdministratorsProperty, Plant of the and Company Equipment for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. EachAdministrators class of plant of and the equipmentCompany for is carried the year at endedcost or 30fair June value 2020. as indicated, less, where applicable, accumulated Foreign currency transactions during the year are converted to Australian currency at the time of exchange and On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution depreciationOn 9 June 2020 and, we any were impairment appointed losses. Voluntary Administrators of the Company. On 16 July 2020 on the execution areofOn a ba9Deed Junesed ofon 2020 Company the ,actual we Arrangementwere exchange appointed rate (DOCA plusVoluntary), weany were fees Administrators appointed for that exchange, as Deed of the Administrators. offered Company by the. On Company’s 16 July 2020 bank on at the the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution timeof a ofDeed exchange. of Company Arrangement (DOCA), we were appointed as Deed Administrators. Plantof a Deedand equipment of Company is measured Arrangement on a (costDOCA basis), we and were is therefore appointed carried as Deed at cost Administrators. less accumulated depreciation We have made this report based on information provided to us by the Company and with records that we have We have made this report based on information provided to us by the Company and with records that we have and any accumulated impairment losses. In the event the carrying amount is written down immediately to the Foreigninspected.We have currency madeThis report thismonetary isreport made items basedby us that withouton are information outstanding having had provided any at the involvement reporting to us by with datethe the Company(other Company than and monetaryprior with to recordsour items date arisingthatof we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have underappointmentinspected. foreign This as currency Voluntary report con is Administrators. madetracts bywhere us without the exchange having rate had for any that involvement monetary item with is the fixed Company in the contract) prior to are our date of estimatedappointmentinspected. recoverable This as Voluntary report amount is Administrators. made impairmen by us without t losses having are recognised had any involvement either in profit with or lossthe Companyor as a revaluation prior to our date of translatedappointment using as the Voluntary spot rate Administrators. at the end of the financial year. decreaseappointment if the asimpartment Voluntary losses Administrators. relate to a revalued asset. A formal assessment of the recoverable amount is To the maximum extent permissible, we disclaim any representation made or implied by us as a result of madeTo the when maximum impairment extent indicatorspermissible, are we present. disclaim any representation made or implied by us as a result of (c)informationTo Inventories the maximum provided on Hand extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Inventoriesinformation are provided measured to atus the which lower we of may cost reasonably and current rely replacement upon. This cost. disclaimer does not extend to any conduct Subsequentinformation costs provided are included to us which in the we asset’s may carrying reasonably amount rely orupon. recognised This disclaimer as a separate does asset, not extend as appropriate, to any conduct legislation. legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant onlywhich when is attributableit is probable tothat any future willful economic misconduct benefits, gross associated negligence with the or item willful will failflowure to theto complyCompany with and therelevant Inventories held for distribution are measured at cost adjusted, when applicable, for any loss of service potential. Administratorslegislation. costAdministratorslegislation. of the item can be measured reliably. All other repairs and maintenance are recognised as expenses in profit Inventories acquired at no cost or for nominal consideration are measured at the current replacement cost as at or loss in the financial period in which they are incurred. TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year the date of acquisition. and until the date of this report is set our below. Plantand until and the equipment date of this that report have is been set our contributed below. at no cost or for nominal costs are recognised at the fair value The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year (d) Fair. ValueKate Conneely Assets and Liabilities of the. assetKate at Conneely the date it is acquired. Theand Company until the measuresdate of this some report of its is assetsset our at below. fair value on a recurring basis. and until the date of this report is set our below. . Craig Shepard Depreciation. Craig andShepard amorti sation Fair value. Kateis the Conneely price the Company would receive to sell an asset or would have to pay to transfer a liability in an . Kate Conneely orderlyGovernance (i.e., Overviewunforced) transaction between independent, knowledgeable and willing market participants at the ThGovernancee depreciable Overview amount of all fixed assets, including buildings and capitalised lease assets, is depreciated on a . . measurement Craig date. Shepard straight -lineCraig basis Shepard over the asset's useful life commencing from the time the asset is held ready for use. The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice AsrecommendationsGovernance fair value is Overview a market for national- based sporting measure, organisations the closest (equivalentNSOs) contained observable in Sport market Australia’s pricing Mandatory information Sports is used to TherecommendationsGovernance depreciation Overview rates for national used for sporting each class organisations of depreciable (NSOs assets) contained are: in Sport Australia’s Mandatory Sports determineGovernance fair Principles. value. AsAdjustments a company limitedto market by guarantee, values may the Companybe made ishaving governed regard by the to Corporations the characteristics Act 2001 of the Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice specific asset or liability. The fair values of assets and liabilities that are not traded in an active market are Class of Fixed Asset Depreciation Rates Depreciation basis recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports determinedRegistered office using one or more valuation techniques. These valuation techniques maximise, to the extent possible, Registered office theGovernance use of observable Principles. market As a companydata. limited by guarantee, the Company is governed by the Corporations Act 2001 GovernanceBuildings & Buildin Principles.g Partitioning As a company limited by guarantee,2. the5% Company is governed byS thetraight Corporations Line Act 2001 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth)Computer Company’s and is & required Office registered Equipment to complyoffice is: with all applicable legal 20%and -reporting 40% obligations. Straight Line To the extent possible, market information is extracted from either the principal market for the asset or liability Veterinary Equipment 20% Straight Line (i.e.Registered the marketUnit office 7 with the greatest volume and level of activity for the asset or liability) or, in the absence of such a RegisteredUnit office 7 market, the11- 21most Underwood advantageous Road market available to the company at reporting date (i.e. the market that maximises 11-21 Underwood Road theThe receipts Company’sHOMEBSH from registered the NSW sale 2129 of office the asset is: or minimises the payment made to transfer the liability, after taking into ThThee assets’ Company’sHOMEBSH residual registered NSW values 2129 and office useful is: lives are reviewed and adjusted, if appropriate, at the end of each account transaction costs and transport costs). reporting period. Members’ Unitlimited 7 liability Members’ Unitlimited 7 liability 11-21 Underwood Road 11-21 Underwood Road ForIf the non Company-financial is woundassets, up, the the fair Constitution value measurement states that alsoeach takesmember into is accountrequired ato market contribute participant’s a maximum ability of $1 to use GainsIf the Candompany losses is onwound disposals up, the are Constitution determined states by comparing that each member proceeds is requiredwith the to carrying contribute amount. a maximum The gains of $1 or HOMEBSH NSW 2129 HOMEBSH NSW 2129 theeach asset towards in its meetinghighest andany bestoutstanding use, or to obligations sell it to another of the marketCompany. participant At 30 June that 2020, would the use total the amount asset in thatits highest losseseach towards are recognised meeting in any profit outstanding or loss in obligationsthe period ofin whichthe Company. they arise. At When30 June revalued 2020, the assets total are amount sold, amountsthat andmembers best use.of the The Company fair value are ofliable liabilities to contribute and the if thecompany's Company own is wound equity up instruments was $6 (2019: (excluding $6). those related to includedmembers in of the the revaluation Company are surplus liable to relating contribute to the if the asset Company are transferred is wound upto retainedwas $6 (2019: surplus. $6). shareMembers-based’ limited payment liability arrangements) may be valued, where there is no observable market price in relation to the Members’ limited liability transfer of such financial instrument, by reference to observable market information where such instruments are If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 18 1 19
1 1 58 59
(f) Leases (g) Financial Instruments
The Company as lessee Initial recognition and measurement AtDeed inception Administrators of a contract, the’ Report Company assesses if the contract contains or is a lease. If there is a lease present, Deed Administrators’ Report Deed Administrators’ Report FinancialDeed Administratorsassets and financial ’liabilities Report are recognised when the company becomes a party to contractual a right-of-use asset and a corresponding lease liability is recognised by the Company where the Company is a provisions to the instrument. For financial assets, this is equivalent to the date that the Company commits itself to The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the lessee.The Deed However, Administrators all contracts of that Equestrian are classified Australia as short Limited-term leases (Subject (i.e. ato lease Deed with of a Companyremaining leaseArrangement) term of (the eitherThe Deed purchase Administrators or sell the asset of (i.e.Equestrian trade date Australia accounting Limited is adopted). (Subject to Deed of Company Arrangement) (the Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed 12Company months )or have less) resolvedand leases to of make low-value and assetssign this are reportrecognised in place as an of operating the directors expense, and on ain straight our capacity-line basis as Deed Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. overAdministrators the term of ofthe the lease. Company for the year ended 30 June 2020. (ii)Administrators Loans and Receivables of the Company for the year ended 30 June 2020. On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution OnLoans 9 June and 2020 receivables, we were are appointed non-derivative Voluntary financial Administrators assets with of fixedthe Company or determinable. On 16 July payments 2020 on thatthe execution are not quoted Initially,ofOn a 9Deed June the of 2020 leaseCompany, liabilitywe Arrangementwere is appointedmeasured (DOCA atVoluntary the), we present were Administrators appointed value of theas Deed leaseof the Administrators. payments Company still. On to 16 be July paid 2020 at on the execution inofOn ana 9Deed active June of 2020 marketCompany, we and Arrangementwere are appointedsubsequently (DOCA Voluntary) ,measured we were Administrators appointed at amorti assed Deed ofcost. the Administrators. Gains Company or losses. On are16 Julyrecogni 2020sed on in the profit execution or commencementof a Deed of Company date. The Arrangement lease payments (DOCA are) ,discounted we were appointed at the interest as Deed rate Administrators.implicit in the lease. If this rate lossof a through Deed of the Company amortis Arrangementation process and(DOCA when), we the were financial appointed asset is as derecogni Deed Administrators.sed. We have made this report based on information provided to us by the Company and with records that we have We have made this report based on information provided to us by the Company and with records that we have cannot be readily determined, the Company uses the incremental borrowing rate. inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have (v)inspected.We Financial have madeThis liabilities report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have Leaseappointmentinspected. payments This as Voluntary includedreport is Administrators.in made the measurement by us without of having the lease had liability any involvement are as follows: with the Company prior to our date of Nonappointmentinspected.-derivative This as financialVoluntary report isliabilities Administrators. made by are us subsequently without having measured had any at involvementamortised cost. with Gains the or Company losses are prior recogni to oursed datein of appointment as Voluntary Administrators. profitappointment or loss through as Voluntary the amorti Administrators.sation process and when the financial liability is derecognised. To the. maximumfixed lease extent payments permissible, less any we lease disclaim incentives; any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of ImpairmentinformationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which. is variableattributable lease to payments any willful that misconduct depend on, gross an index negligence or rate, orinitially willful measured failure to using comply the withindex relevant or rate at the which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct Ainformation financial asset provided (or a group to us of which financial we assets) may reasonably is deemed relyto be upon. impaired This if, disclaimer and only if, does there not is objectiveextend to evidence any conduct legislation.commencement date; legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant ofw hichimpairment is attributable as a result to ofany one willful or more misconduct events (a, "lossgross event") negligence having or occurred, willful failwhichure hasto complyan impact with on relevantthe . the amount expected to be payable by the lessee under residual value guarantees; estimated future cash flows of the financial assets. Administratorslegislation. Administratorslegislation.
. the exercise price of purchase options, if the lessee is reasonably certain to exercise the options; TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year ImpairmentTheAdministrators name of losses the Company’s are recogni Deedsed Administrators in profit or loss and immediately. Voluntary Administrators Also, any cumulative in office decline during thein fair financial value yearpreviously and .until leasethe date payments of this report under is extension set our below. options if the lessee is reasonably certain to exercise the options; and recogniand untilsed the in date other of comprehensivethis report is set incomeour below. is reclassified into profit or loss at this point. The. name payments of the Company’s of penalties Deed for terminating Administrators the lease,and Voluntary if the lease Administrators term reflects inthe office exercise during of thean option financial to year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . Kate Conneely . Kate Conneely and untilterminate the date theof this lease report is set our below. Inand the until case the of financialdate of thisassets report carried is set at amortiour below.sed cost, loss events may include: indications that the debtors or a group of debtors are experiencing significant financial difficulty, default or delinquency in interest or principal . Craig Shepard . Craig Shepard The right. -ofKate-use Conneely assets comprise the initial measurement of the corresponding lease liability as mentioned payments;. Kate indications Conneely that they will enter bankruptcy or other financial reorganisation; and changes in arrears or above, any lease payments made at or before the commencement date, as well as any initial direct costs. The Governance Overview economicGovernance conditions Overview that correlate. subsequent. Craig measurement Shepard of the right-of-use assets is at cost less accumulated depreciation and impairment . Craig Shepard losses.The Company operates as a company limited by guarantee. This structure reflects the best practice DerecognitionThe Company operates as a company limited by guarantee. This structure reflects the best practice recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports FinancialrecommendationsGovernance assets Overview are for derecogni national sportingsed when organisations the contractual (NSOs )right contained to receipt in Sport of cashAustralia’s flows Mandatoryexpires or Sportsthe asset is RightGovernance-of-use Principles.assets are As depreciated a company limitedover the by lease guarantee, term theor useful Company life isof governed the underlying by the Corporationsasset, whichever Act 2001 is the transferredGovernance toPrinciples. another As party a company whereby limited the bycompany guarantee, no thelonger Company has any is governed significant by thecontinuing Corporations involvement Act 2001 in the shortest.(Cth)The andCompany Wis hererequired aoperates lease to comply transfers as with a ownership allcompany applicable of limited thelegal underlying and by reporting guarantee. asset, obligations. or theThis cost structure of the right reflects-of-use assetthe bestreflects practice risks(Cth)The and andCompany benefitsis required operatesassociated to comply aswith with a the allcompany applicableasset. Financial limited legal and liabilities by reporting guarantee. are obligations. derecogn Thisi s edstructure when the reflects related obligationsthe best arepractice recommendations for national sporting organisations ( ) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations ( ) contained in Sport Australia’s Mandatory Sports that the Company anticipates to exercise a purchase option,NSOs the specific asset is depreciated over the useful life discharged or cancelled or have expired. The difference betweenNSOs the carrying amount of the financial liability RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 of the underlying asset. extinguished or transferred to another party and the fair value of consideration paid, including the transfer of non- The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. cashThe(Cth) Company’s assets and is or required liabilities registered to assumed, complyoffice is: withis recogni all applicablesed in profit legal or andloss. reporting obligations. Concessionary leases RegisteredUnit office 7 RecognitionRegisteredUnit officeof 7 expected credit losses in financial statements 11-21 Underwood Road At each reporting11-21 Underwood date, the Road company recognises the movement in the loss allowance as an impairment gain or loss For leases that have significantly below-market terms and conditions principally to enable the Company to The Company’sHOMEBSH registered NSW 2129 office is: inThe the Company’s statementHOMEBSH ofregistered NSW profit 2129 or officeloss and is: other comprehensive income. further its objectives (commonly known as peppercorn/concessionary leases), the Company has adopted the temporaryMembers’ Unitlimited relief 7 under liability AASB 2018-8 and measures the right-of-use assets at cost on initial recognition. TheMembers carrying’ Unitlimited amount 7 liability of financial assets measured at amortised cost includes the loss allowance relating to that 11-21 Underwood Road asset. 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 The CompanyHOMEBSH as lessor NSW 2129 HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that Assetseach towards measured meeting at fair any value outstanding through otherobligations comprehensive of the Company. income At are 30 recogniJune 2020,sed atthe fair total value amount with changesthat in members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). TheMembers Company’ limited did not liability operate as a lessor. fairMembers value recogni’ limitedsed liability in other comprehensive income. The amount in relation to change in credit risk is transferred from other comprehensive income to profit or loss at every reporting period. If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 20 1 21
1 1 60 61
For financial assets that are unrecognised (e.g., loan commitments yet to be drawn, financial (k) Accounts Receivable and Other Debtors guarantees), a provision for loss allowance is created in the statement of financial position to Accounts receivable and other debtors include amounts due from members as well as amounts receivable from recognise the loss allowance. customers for services provided in the ordinary course of business. DeedDeed Administrators Administrators’ Report’ Report DeedDeed Administrators Administrators’ Report’ Report (h) Impairment of Assets Receivables expected to be collected within 12 months of the end of the reporting period are classified as current AtThe the Deed end Administratorsof each reporting of Equestrianperiod, the Australia Company Limited assesses (Subject whether to thereDeed isof any Company indication Arrangement) that an asset (the may be assets.The Deed All otherAdministrators receivables of areEquestrian classified Australia as non- currentLimited assets.(Subject to Deed of Company Arrangement) (the impaired.The Deed If suchAdministrators an indication of exists, Equestrian an impairment Australia test Limited is carried (Subject out on theto Deedasset byof comparingCompany theArrangement) recoverable (the The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed amountAdministrators of the ofasset, the Company being the for higher the year of endedthe asset's 30 June fair 2020. value less costs to sell and value in use, to the asset's AccountsAdministrators receivable of the areCompany initially for recogni the yearsed ended at fair 30 value June 2020.and subsequently measured at amortised cost using the carryingAdministrators amount. of Any the excess Company of the for asset's the year carrying ended amount 30 June over 2020. its recoverable amount is recognised immediately effectiveAdministrators interest of method, the Company less any for provision the year endedfor impairment. 30 June 2020. Refer to Note 1(g) for further discussion on the inOn profit 9 June or 2020 loss,, we unless were the appointed asset is Voluntary carried atAdministrators a revalued amount of the Company in accordance. On 16 Julywith 2020 another on the Standard execution (e.g., in determinationOn 9 June 2020 of, we impairment were appointed losses. Voluntary Administrators of the Company. On 16 July 2020 on the execution accordanceofOn a 9Deed June of 2020 withCompany , thewe revaluationArrangementwere appointed model (DOCA Voluntary )in, we AASB were Administrators116). appointed Any impairment as Deed of the Administrators. Companyloss of a .revalued On 16 July asset 2020 is treatedon the executionas a ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution revaluationof a Deed of decrease Company in accordanceArrangement with (DOCA that other), we wereStandard. appointed as Deed Administrators. (l)of Incomea Deed Taxof Company Arrangement (DOCA), we were appointed as Deed Administrators. We have made this report based on information provided to us by the Company and with records that we have NoWe provision have made for this income report tax based has beenon information raised as the provided Company to us is byexempt the Company from income and with tax underrecords Div that 50 we of thehave Income inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the Tax Assessment Act 1997. appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of recoverable amount of the cash-generating unit to which the asset belongs. appointment as Voluntary Administrators. (appointmentm) Goods and as services Voluntary tax (GST)Administrators. To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of Where the future economic benefits of the asset are not primarily dependent upon the asset's ability to generate Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of isinformationTo not the recoverable maximum provided from extent to usthe which Australianpermissible, we may Taxation reasonably we disclaim Office rely (ATO). anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of netwhich cash is inflowsattributable and whento any the willful company misconduct would,, gross if deprived negligence of the or asset,willful replace failure itsto remainingcomply with future relevant economic which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct benefits,legislation. value in use is determined as the depreciated replacement cost of an asset. legislation. which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Receivableswhich is attributable and payables to are any stated willful inclusive misconduct of the amount, gross ofnegligence GST receivable or willful or payable. failure The to netcomply amount with of GSTrelevant recoverable from, or payable to, the ATO is included with other receivables or payables in the statement of WhereAdministratorslegislation. an impairment loss on a revalued asset is identified, this is recognised against the Administratorslegislation. revaluation surplus in respect of the same class of asset to the extent that the impairment loss financial position. doesTheAdministrators name not exceed of the Company’s the amount Deed in the Administrators revaluation andsurplus Voluntary for that Administrators class of asset. in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year and until the date of this report is set our below. Cashand until flows the are date presented of this report on a isgross set our basis. below. The GST components of cash flows arising from investing or financing (i)The nameEmployee of the Company’s Provisions Deed Administrators and Voluntary Administrators in office during the financial year activitiesThe name which of the are Company’s recoverable Deed from, Administrators or payable to, and the VoluntaryATO are presented Administrators as operating in office cash during flows the included financial in year . . and until Kate the Conneely date of this report is set our below. receiptsand until fromKate the Conneelycustomers date of this or report payments is set to our suppliers. below. Short-term employee benefits . Craig Shepard . Craig Shepard Provision. isKate made Conneely for the Company's obligation for short-term employee benefits. Short-term employee benefits (n) Comparative. Kate Conneely Figures When required by Accounting Standards, comparative figures have been adjusted to conform to changes in areGovernance benefits Overview(other than termination benefits) that are expected to be settled wholly before 12 months after the Governance Overview end of. theCraig annual Shepard reporting period in which the employees render the related service, including wages, salaries presentation. Craig for Shepard the current financial year. andThe sickCompany leave. Shortoperates-term as employee a company benefits limited are bymeasured guarantee. at the This (undiscounted) structure reflects amounts the expectedbest practice to be paid The Company operates as a company limited by guarantee. This structure reflects the best practice whenrecommendationsGovernance the obligation Overview for is nationalsettled. Thesporting Company's organisations obligations (NSOs for) contained short-term in employee Sport Australia’s benefits Mandatory such as wages, Sports salaries (recommendationsGovernanceo) Accounts Payable Overview for andnational Other sporting Payables organisations (NSOs) contained in Sport Australia’s Mandatory Sports andGovernance sick leave Principles. are recogni As as companyed as part limited of current by guarantee, accounts the payable Company and is other governed payables by the in Corporations the statement Act 2001of financial AccountsGovernance payable Principles. and Asother a company payables limited represent by guarantee, the liabilities the Company outstanding is governed at the by end the Corporationsof the reporting Act 2001 period for position.(Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice goods(Cth)The and Companyand is servicesrequired operates toreceived comply as bywith athe allcompany Companyapplicable limited legalduring and theby reporting reportingguarantee. obligations. period This that structure remain reflectsunpaid. Thethe balancebest practice is recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recognirecommendationssed as a current for liabilitynational with sporting the amounts organisations normally ( paidNSOs within) contained 30 days in of Sport recognition Australia’s of the Mandatory liability. Sports Registered office Registered office OtherGovernance long-term Principles. employee As abenefits company limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (p) Provisions ProvisionThe(Cth) Company’s and is is made required registered for employees' to complyoffice is: withannual all leaveapplicable entitlements legal and not reporting expected obligations. to be settled wholly within 12 months The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. after the end of the annual reporting period in which the employees rendered the related service. Other long-term Provisions are recognised when the Company has a legal or constructive obligation, as a result of past events, for employeeRegisteredUnit benefits office 7 are measured at the present value of the expected future payments to be made to employees. whichRegistered it isUnit probable office 7 that an outflow of economic benefits will result and that outflow can be reliably measured. Expected11 future-21 Underwood payments Road incorporate anticipated future wage and salary levels, durations of service and Provisions11 recogni-21 Underwoodsed represent Road the best estimate of the amounts required to settle the obligation at the end of employeThe Company’seHOMEBSH departures, registered NSW and 2129 are office discounted is: at rates determined by reference to market yields at the end of the tThehe reporting Company’sHOMEBSH period registered NSW. 2129 office is: reporting period on high quality corporate bonds that have maturity dates that approximate the terms of the (q) Going Concern Basis obligations.Members’ Unitlimited 7 liability Members’ Unitlimited 7 liability 11-21 Underwood Road 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 TIfhe the financial Company report is wound has beenup, the prepared Constitution on a states going that concern each memberbasis, which is required assumes to contributecontinuity a of maximum normal businessof $1 (j) Cash andHOMEBSH Cash Equivalents NSW 2129 HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that activitieseach towards and themeeting realisation any outstanding of assets and obligations the settlement of the Cofompany. liabilities At in 30 the June ordinary 2020, coursethe total of amountbusiness. that Casmembersh and ofcash the equivalents Company are include liable tocash contribute on hand, if the deposits Company held is woundat call withup was banks, $6 (2019: other $6). short -term highly liquid members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). investmentsMembers’ limited with original liability maturities of three months or less, and bank overdrafts. Bank overdrafts are shown Members’ limited liability within short-term borrowings in current liabilities on the statement of financial position. If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 22 1 23
1 1 62 63
On 9 June 2020, the Company resolved enter voluntary administration, and subsequently entered a DOCA on 16 Initial application of AASB 15 and AASB 1058 July 2020. As at the date of this report, the final administrative obligations pursuant to the terms of the DOCA are being finalised. The Company has applied AASB 15: Revenue from Contracts with Customers and AASB 1058: Income of Not-for- DeedDeed Administrators Administrators’ Report’ Report ProfitDeedDeed Entities Administrators Administrators using the cumulative’ Report’ Report effective method of initially applying AASB 15 and AASB 1058 as an Management has prepared projected cash flow information for the twelve months from the date of approval of adjustment to the opening balance of equity at 1 July 2019. Therefore, the comparative information has not these accounts taking into consideration estimated continued business impacts of COVID-19. In response to the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the beenTheThe Deed restatedDeed Administrators Administrators and continues of ofEquestrianto beEquestrian presented Australia Australia under Limited AASB Limited (Subject118: Revenue (Subject to Deed and to of AASBDeed Company 1004: of Company Contributions.Arrangement) Arrangement) (the (the uncertainty arising from this, conservative assumptions have been applied around membership and event CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed income,Administrators external of grantthe Company funding for and the operational year ended expenses. 30 June 2020. TheAdministrators Company has of the elected Company to apply for the AASB year 1058 ended retrospectively 30 June 2020. only to contracts that are not completed contracts Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. at the date of initial application. A classification change occurred, which resulted in the deferred income now On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution TheseOn 9 Juneforecasts 2020 indicate, we were that, appointed taking account Voluntary of reasonably Administrators possible of downsides,the Company the. CompanyOn 16 July is 2020 expected on the to execution beingOn 9 classifiedJune 2020 as, wecontract were liabilityappointed in line Voluntary with wording Administrators used in AASB of the15. Company. On 16 July 2020 on the execution continueof a Deed to of operateCompany within Arrangement available (DOCA cash) levels., we were appointed as Deed Administrators. of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. We have made this report based on information provided to us by the Company and with records that we have (tWe) Financial have made Risk this Management report based on information provided to us by the Company and with records that we have Hinspected.Weowever, have theremadeThis report are this risks isreport made present basedby us which withouton informationmay having threaten had provided theany Company'sinvolvement to us by ability with the the Companyto continueCompany and asprior awith going to recordsour concern date thatof if they we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have wereappointmentinspected. to occur, This as including: Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of Tappointmentinspected.he Company This as’s Voluntary financialreport is Administrators. instrumentsmade by us consistwithout mainly having of had deposits any involvement with banks, with local the money Company market prior instruments, to our date of appointment as Voluntary Administrators. accountsappointment receivable as Voluntary and payable, Administrators. and leases. To the• maximumThe ongoing extent situation permissible, surrounding we disclaim COVID any-19, representationand the potential made impact or implied on membership by us as ora resultthe of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of informationTo the Company'smaximum provided operationsextent to us which permissible, should we may Government reasonably we disclaim -relyimposed anyupon. representation restrictionsThis disclaimer significantly doesmade not or extendincrease, implied to particularlyany by conductus as aif result of ThinformationToe organisationthe maximum provided is exposed extent to us which topermissible, a varietywe may of reasonably we financial disclaim risksrely anyupon. comprising: representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant informationgeographical provided lockdowns to us which are we imposed. may reasonably rely upon. This disclaimer does not extend to any conduct informationa) Government provided funding to us which risk we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. legislation. which• isThe attributable Company's tofunding any willfulas NSO misconductnot being reinstated, gross negligencein due course. or willful failure to comply with relevant whichb) isInterest attributable rate risk to any willful misconduct, gross negligence or willful failure to comply with relevant c) Credit risk Administratorslegislation.• Any other material event or interruption to the Company's operations which may occur beyond the Administratorslegislation. d) Liquidity risk control of the Company. TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year and until the date of this report is set our below. Theand boarduntil the of datedirectors of this will report have is overallset our responsibilitybelow. for identifying and managing operational and financial risks. TheThe risk name of any of the of the Company’s above circumstances Deed Administrators eventuating and remains Voluntary present, Administrators and that they in officepresent during a significant the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . Economic. Dependence and Government Risk materialand until Kateuncertainty the Conneely date of in this the reportability ofis setthe ourCompany below. to continue as a going concern and to realise its assets in the and until Kate the Conneely date of this report is set our below. normal course of business and at the amounts stated in the financial report. The organisation is dependent on federal government funding to operate many of its services. The risk of loss of . Craig Shepard . Craig Shepard . Kate Conneely these. funding Kate streams Conneely is considered to be material to the organisation. This risk is managed through a range of (r) Critical Accounting Estimates and Judgements complementary strategies but cannot be totally mitigated. The major risk management strategies are: Governance Overview Governance Overview . (i). The Company pursue diversification of the Company’s income stream through implementing new Certain accountingCraig Shepard estimates include assumptions concerning the future, which, by definition, will seldom Craig Shepard The Company operates as a company limited by guarantee. This structure reflects the best practice The Companyprojects operates such as asseeking a company new sponsorship limited by partners guarantee. in the This future. structure reflects the best practice represent actual results. Estimates and assumptions based on future events have a significant inherent risk, and recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance(ii) With Overview the foruse national of a cash sporting forecast organisations tool, the Company (NSOs) containedhas modelled in Sport Government Australia’s cuts Mandatory to funding Sports, and has a where future events are not as anticipated there could be a material impact on the carrying amounts of the assets Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Governancebr oadPrinciples. plan of As action a company should limited this occur. by guarantee, the Company is governed by the Corporations Act 2001 and(Cth)The liabilities andCompany is required discussed operates to comply below. as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Interestrecommendations rate risk for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports RegisteredLong office service leave. InterestRegistered rate office risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate as a result GovernanceNet present Principles. value As calculations a company arelimited used by to guarantee, estimate the the long Company service is leave governed provision. by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (Cth) and is required to comply with all applicable legal and reporting obligations. of(Cth) changes and isin required market interest to comply rates. with Interest all applicable rate risk legalis minimal and reporting as the organization obligations. has no borrowings. Subject to The Company’s registered office is: considerationThe Company’s of registered liquidity officerisk, cash is: is held in fixed interest rate accounts to maximise returns. (s) New and Amended Accounting Policies Adopted by the Company RegisteredUnit office 7 RegisteredUnit office 7 Credit risk Initial application11-21 Underwood of AASB Road 16 11-21 Underwood Road The Company’sHOMEBSH registered NSW 2129 office is: CreditThe Company’s riskHOMEBSH is the registered NSW risk 2129 that office one is: party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation. The Company has adopted AASB 16: Leases with the cumulative effect of initially applying AASB 16 recognised at Members’ Unitlimited 7 liability Members’ Unitlimited 7 liability 1 July 2019. In accordance with AASB 16, the comparatives for the 2019 reporting period have not been 11-21 Underwood Road The maximum11-21 exposure Underwood to credit Road risk, excluding the value of any collateral or other security, at balance date of If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 restated. HOMEBSH NSW 2129 recognisedHOMEBSH financial assets NSW 2129is the carrying amount of those assets, net of any provisions for impairment of those each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that assets,each towards as disclosed meeting in statementany outstanding of financial obligations position of andthe Cnotesompany. to financial At 30 June statements. 2020, the total amount that membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). The organisation does not have any material credit risk exposure to any single debtor or group
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 ofIf debtorsthe Company under isfinancial wound instruments up, the Constitution entered by states the organisation. that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 24 1 25
1 1 64 65
5. CASH AND CASH EQUIVALENTS 2020 2019 The organisation does not have any material credit risk in respect of cash and cash equivalents as these are held $ $ with Authorised Deposit-taking Institutions (ADIs) regulated by APRA. Petty Cash 200 - Deed Administrators’ Report Deed Administrators’ Report Deed Administrators’ Report BankDeed Account Administrators - General Account’ Report 10,525 1,484,530 Liquidity risk Liquidity risk is the risk that a company will encounter difficulty in meeting obligations associated with financial Bank Account - Reserve Account - Making Eventing Safer Fund 1 103,261 TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the liabilities. Bank Account – Reserve Account - 137,261 CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed Administrators of the Company for the year ended 30 June 2020. BankAdministrators Account – of Restricted the Company Funds for Accountthe year ended 30 June 2020. 1,281,654 - TheAdministrators organisation of manages the Company liquidity for risk the by year monitoring ended 30 forecast June 2020. cash flows and ensuring that adequate cash and Administrators of the Company for the year ended 30 June 2020. cashOn 9 equivalentsJune 2020, we are were maintained. appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution BankOn 9 JuneAccount 2020 –, Restrictedwe were appointed Funds Account Voluntary Administrators of the Company. On 16 July 202027,778 on the execution - ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On1,320,158 16 July 2020 on 1,725,052the execution of2. aREVENUE Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators.2020 2019 of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. We have made this report based on information provided to us by the Company and with records$ that we have $ We have made this report based on information provided to us by the Company and with records that we have inspected.WeRevenue have frommadeThis report grant this isreportfunding made based by us withouton information having had provided any involvement to us by with the theCompany Company2,893,151 and prior with to recordsour date 3,744,404 thatof we have 6inspected.We. TRADE have AND madeThis OTHERreport this isreport RECEIVABLES made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior2020 with to recordsour date thatof 2019we have appointmentinspected.Branch Admin This as Voluntarylevies report and is Administrators. relatedmade by contributions us without having had any involvement with 643,74the Company0 prior 535,854to our date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company$ prior to our date$ of appointmentICDF Funding as Voluntary Administrators. - - Tradeappointment Debtors as Voluntary Administrators. 9,768 42,847 To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of Making Eventing Safer Revenue 38,621 62,460 information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct ToEducation the maximum and Participation extent permissible, we disclaim any representation made 308,043or implied by us 375,454as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct 7information. INVENTORIES provided to us which we may reasonably rely upon. This disclaimer does2020 not extend to any2019 conduct legislation.Branch Insurance levy and other Insurance revenue 1,588,420 1,703,329 legislation. wInteresthich is revenueattributable to any willful misconduct, gross negligence or willful fail2,739ure to comply with 2,877 relevant which is attributable to any willful misconduct, gross negligence or willful failure to$ comply with relevant$ Administratorslegislation.Sponsorship 135,000 127,000 InventoriesAdministratorslegislation. - at cost - 11,230 Total Revenue 5,609,715 6,551,378 TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year 8. OTHER ASSETS 2020 2019 and3. EXPENSE until the date of this report is set our below. 2020 2019 and until the date of this report is set our below. The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office $during the financial$ year . Kate Conneely $ $ . Kate Conneely andCost until of Equestrian the date ofGoods this report is set our below. 33,890 36,979 Prepaymentsand until the date of this report is set our below. 304,894 14,041 Amorti. sCraigation Shepard and impairment loss 28,425 32,208 GST refund. Craig due Shepard 81,515 - . . Depreciation Kate Conneely 47,355 38,806 Kate Conneely Total other assets 386,409 14,041 GovernanceMaking Eventing Overview Safer Expense 38,621 62,460 Governance Overview . Craig Shepard . Craig Shepard Provision for doubtful debts/Bad Debts 69,543 3,348 The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice Employee benefits 1,638,627 1,448,882 recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports 2020 2019 GovernanceAudit Fees Principles. As a company limited by guarantee, the Company is governed by the11,146 Corporations Act 2001 12,500 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 $ $ (Cth)TheTotal andCompany Expense is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure1,867,607 reflects the 1,635,183 best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations9. PROPERTY, PLANT for & nationalEQUIPMENT sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Registered office Registered office 4Governance. KEY MANAGEMENT Principles. PERSONNEL As a company COMPENSATION limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Building - at Principles. fair value As a company limited by guarantee, the Company is governed1,100,000 by the Corporations 1,100,000 Act 2001 (Cth) and is required to comply with all applicable legal and reporting obligations. (Cth) and is required to comply with all applicable legal and reporting obligations. AnyThe person(s)Company’s having registered authority office is:and responsibility for planning, directing and controlling the activities of the The Less Company’s accumulated registered depreciation office is: - Building (85,500) (55,000) company, directly or indirectly, including any director (whether executive or otherwise) 'is considered key Registered office Registered office 1,017,500 1,045,000 managementUnit 7 personnel. Four key management positions are included. No remuneration was paid to the Unit 7 Directors.11-21 Underwood Road 11-21 Underwood Road The Company’sHOMEBSH registered NSW 2129 office is: TheBuilding Company’sHOMEBSH partitioning registered NSW - at 2129 cost office is: 114,851 114,851 2020 2019 Less accumulated depreciation - Partition (109,607) (108,775) MembersKey management’ Unitlimited 7 liability personnel compensation Members’ Unitlimited 7 liability $482,015 $445,644 5,244 6,076 11-21 Underwood Road 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 HOMEBSH NSW 2129 >$150,000 >$150,000 HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount1 that 1 each Right towards of Use meetingAsset – Photocopierany outstanding obligations of the Company. At 30 June 2020, the66,862 total amount that - members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). Members’ limited liability <$150,000 <$150,000 Members Less accumulated’ limited liabilitydepreciation – ROU (11,144) - 3 3 55,718 - If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 26 1 27
1 1 66 67
Computer and office equipment - at cost 141,494 133,212 10. INTANGIBLE ASSETS 2020 2019
Less accumulated depreciation - Computer and office equipment (127,622) (120,373) $ $ Software - at cost 199,190 199,190 13,872 12,839 Deed Administrators’ Report Deed Less accumulated Administrators amortisation’ Report - Software (166,919) (142,162) Deed Administrators’ Report Deed Administrators’ Report 32,271 57,028 Veterinary equipment - at cost 39,033 39,033 TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the TheThe DeedDeed Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the Less accumulated depreciation - Veterinary equipment (39,033) (38,403) CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompanyPatent and) )have haveTrademark resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in14,673 our, and capacity in our as capacity Deed 14,673 as Deed Administrators of the Company for the year ended 30 June 2020. - 630 Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. AdministratorsLess accumulated of theamorti Companysation for the year ended 30 June 2020. (3,668) - Total Property, Plant and Equipment 1,092,334 1,064,545 On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company . On 16 July11,005 2020 on the execution 14,673 On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. ofTotal a Deed intangible of Company assets Arrangement (DOCA), we were appointed as Deed Administrators. 43,276 71,701 (a)of aDetails Deed of for Company measurement Arrangement of amounts (DOCA ), we were appointed as Deed Administrators. of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. We have made this report based on information provided to us by the Company and with records that we have We have made this report based on information provided to us by the Company and with records that we have On 10 December 2020, a valuation report was issued for all land and buildings. That valuation report was inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have conductedappointment by as licensed Voluntary valuers, Administrators. Anderson Group Valuers. The valuation at 10 December 2020 for all land and appointment11. TRADE AND as Voluntary OTHER PAYABLESAdministrators. 2020 2019 inspected. This report is made by us without having had any involvement with the Company prior to our date of inspected. This report is made by us without having had any involvement with the Company prior to our date of buildingsappointment held atas the Voluntary time was Administrators. $1,100,000. appointment as Voluntary Administrators. $ $ To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of Current information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct To the maximum extent permissible, we disclaim any representation made or implied by us as a result of ToTrade the creditors maximum extent permissible, we disclaim any representation made or53,597 implied by us as a 114,190 result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. legislation.Accruals 312,969 109,750 which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant (b) Reconciliations Employee super 31,397 - legislation. legislation. Administrators Administrators GST, FBT and PAYG payable 32,808 127,669 TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year Computer Other creditors - 93,029 and until the date of this report is set our below. Building Veterinary and until the date of this report is set our below. Building and office Right of Use Total 430,771 444,638 The name of the Company’s Deed Administratorspartitioning and Voluntary Administratorsequipment in office during the financial year TheTotal name Trade of and the Other Company’s Payables Deed Administrators and Voluntary Administrators in office during the financial year . equipment Asset . and until Kate the Conneely date of this report is set our below. and until Kate the Conneely date of this report is set our below. . Craig Shepard . Craig Shepard . Kate Conneely 12. BORROWINGS. Kate Conneely 2020 2019 Opening carrying amount 1,045,000 6,076 12,839 630 - 1,064,545 Governance Overview Governance Overview $ $ . . Craig Shepard Bank andCraig financing Shepard arrangements AdditionsThe Company operates as a company - limited by guarantee.- This8,282 structure reflects- the best66,862 practice 75,144 The Company operates as a company limited by guarantee. This structure reflects the best practice The company has access to the following: recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports Revaluation of fair value of Credit card facility - 21,000 Governance Principles. As a company limited- by guarantee, the- Company is governed- by the Corporations- Act -2001 - Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 building (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects- the best 21,000practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports DisposalsRegistered office ------RegisteredFacilities notoffice utili sed at balance date: Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 Credit card facility - 15,400 (Cth) and is required to comply with all applicable legal and reporting obligations. (Cth) and is required to comply with all applicable legal and reporting obligations. DepreciationThe Company’s Expense registered office is:( 27,500) (832) (7,249) (630) (11,144) (47,355) The Company’s registered office is: - 15,400 Total borrowings RegisteredUnit office 7 RegisteredUnit office 7 Closing Carrying11- amount21 Underwood Road 1,017,500 5,244 13,872 - 55,718 1,092,334 11-21 Underwood Road 13. PROVISIONS 2020 2019 The Company’sHOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: Current $ $
Members’ Unitlimited 7 liability MembersEmployee’ Unitlimited benefits 7 liability (a) 123,685 118,705 11-21 Underwood Road Non-Current11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 HOMEBSH NSW 2129 EmployeeHOMEBSH benefits NSW 2129 (a) 9,858 22,256 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that
members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). Members’ limited liability Members’ limited liability (a) Aggregate employee benefits liability 133,543 140,961
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 28 1 29
1 1 68 69
2020 2019 14. OTHER LIABILITIES 2020 2019 $ $ Current $ $ 18. CAPITAL AND LEASING COMMITMENTS DeedDeedGrant moniesAdministrators Administrators carried over ’ Report’ Report 41,407 390,453 DeedDeed Administrators Administrators’ Report’ Report Other revenue received in advance 476,374 493,128 Non-cancellable operating leases contracted for but not The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the TheWCSJ Deed Revenue Administrators Carried Over of Equestrian Australia Limited (Subject to Deed24,900 of Company Arrangement) - (the Thecapitali Deedsed Administratorsin the financial statements: of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the CompanyCompany) )have have resolved resolved to maketo make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity in our as capacity Deed as Deed CompanyCompany- payable) )have nothave laterresolved resolved than to 1 makeyearto make and andsign signthis reportthis report in place in ofplace the directorsof the directors, and in our, and capacity- in our as capacity Deed14,750 as Deed AdministratorsTotal Other Liabilities of the Company for the year ended 30 June 2020. 542,681 883,581 Administrators of the Company for the year ended 30 June 2020. Administrators of the Company for the year ended 30 June 2020. Administrators- payable later of than the 1 Company year but no for later the thanyear ended5 years 30 June 2020. - 59,002 On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on- the execution73,752 15. RESERVES 2020 2019 ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution $ $ of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. 19of. aM DeedEMBER’S of Company GUARANTEE Arrangement (DOCA), we were appointed as Deed Administrators. WeAsset have Revaluation made this reportReserve based on information provided to us by the Company and594,014 with records that we have 594,014 IfWe the have company made thisis wound report up, based the onConstitution information states provided that to each us by member the Company is required and withto contribute records that a maximum we have of inspected. This report is made by us without having had any involvement with the Company prior to our date of inspected. This report is made by us without having had any involvement with the Company prior to our date of We have made this report based on information provided to us by the Company and with records that we have $We1 each have towards made meetingthis report any based outstanding on information obligations provided of the Company. to us by Atthe 30 Company June 2020, and the with total records amount that that we have appointment as Voluntary Administrators. appointment as Voluntary Administrators. inspected. This report is made by us without having had any involvement with the Company prior to our date of membersinspected. of Thisthe Companyreport is madeare liable by usto contributewithout having if the hadCompany any involvement is wound up withwas $6the (2019: Company $6). prior to our date of appointment as Voluntary Administrators. appointment as Voluntary Administrators. To16 the. ACCUMULATED maximum extent SURPLUS permissible, we disclaim any representation made or implied2020 by us as a result of 2019 To the maximum extent permissible, we disclaim any representation made or implied by us as a result of 20. ECONOMY DEPENDENCY informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied$ to any by conductus as a result$ of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Thewhich organisation is attributable is dependent to any willful on federal misconduct government, gross fundingnegligence to operateor willful many failure of itsto services.comply with The riskrelevant of loss of informationBalance at 1 providedJuly 2019 to us which we may reasonably rely upon. This disclaimer866,222 does not extend to 724,873 any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. theselegislation. funding streams is considered to be material to the organisation. This risk is managed through a range of Surplus for the year 228,105 141,349 which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant complementarywhich is attributable strategies to butany cannot willful be misconduct totally mitigated., gross The negligence major risk or management willful fail urestrategies to comply are: with relevant Administratorslegislation.Balance as at 30 June 2020 1,094,327 866,222 (i)Administratorslegislation.The Company pursue diversification of the Company's income stream through implementing new projects such as seeking new sponsorship partners in the future. The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year 17Administrators. CASH FLOW INFORMATION (ii)AdministratorsWith the use of a cash forecast tool, the Company has modelled if the Government cuts the funding and and until the date of this report is set our below. and until the date of this report is set our below. (i) Reconciliation of cash have a broad plan of action should this occur. ForThe the name purposes of the of Company’s the Statement Deed of Administrators cash Flows, cash and includes Voluntary cash Administratorson hand, cash at in bank office and during short -theterm financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . . and until Kate the Conneely date of this report is set our below. and until Kate the Conneely date of this report is set our below. deposits, net of any outstanding bank overdrafts. 21. COMPANY DETAILS . Craig Shepard . Craig Shepard Corporations Act 2001 . Kate Conneely The C.ompany Kate was Conneely incorporated on 11 February 1997 under the (Cth). The registered 2020 2019 office and principal place of business of the Company is at Unit 7, 11-21 Underwood Road, Homebush, NSW, Governance Overview Governance Overview 2140. . Craig Shepard $ $ . Craig Shepard The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice Cash at bank, on deposit and on hand 1,320,157 1,725,052 recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports 22recommendationsGovernance. EVENTS SUBSEQUENT Overview for national TO BALANCEsporting organisations DATE (NSOs) contained in Sport Australia’s Mandatory Sports Governance(ii) Reconciliation Principles. of cashAs a company flow from limited operations by guarantee, with surplusfor the Company the is year governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 On 9 June 2020, the then Board of Directors of the Company resolved to place the Company into voluntary (Cth)TheSurplus andCompany foris required the yearoperates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure228,105 reflects the 141,349best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice administration, with Kate Conneely and Craig Shepard of KordaMentha appointed as Voluntary Administrators. recommendationsAdjustments and non for-cash national items: sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports RegisteredGovernance office Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 AtRegisteredGovernance the Second office Principles. Meeting of As Creditors a company held limited on 14 Julyby guarantee, 2020, creditors the Company of the Company is governed resolved by the that Corporations the Company Act 2001 Depreciation 47,355 38,806 execute a DOCA. The DOCA was executed on 16 July 2020, and the Voluntary Administrators became the Deed The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. Amortisation 28,425 32,208 Administrators. RegisteredNet cashUnit provided office 7 before changes in assets and liabilities 212,363 RegisteredUnit office 7 Changes11 in-21 assets Underwood and liabilities Road during the financial year The key objectives11-21 Underwood of the DOCA Road have now been achieved, and include the following: The Company’sHOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: (Increase) / Decrease in receivables 33,079 320,270 • The calling of a special general meeting of the Company, to amend the Company's Constitution. (Increase) / Decrease in other assets (439,230) 88,185 Members’ Unitlimited 7 liability Members• The’ Unitlimited establishment 7 liability of a Deed Fund, from which creditor claims were to be paid in full. (Increase)11 /- Decrease21 Underwood in inventories Road on hand 11,230 13,679 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the• Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 Increase HOMEBSH/ (Decrease NSW) in payables 2129 66,105 (41,388) TheHOMEBSH selection NSW and appointment2129 a Nominations Committee to consider applications for a position on the each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towardsFirst Boardmeeting of Directorsany outstanding of the Company,obligations and of theto provideCompany. a recommendation At 30 June 2020, of the appropriately total amount qualified that Increase / (Decrease) in employee provisions (7,418) 40,830 membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). membersMemberscandidates of’ limited the Company liability to the are Deed liable Administrators. to contribute if the Company is wound up was $6 (2019: $6). Increase / (Decrease) in other liabilities (364,262) (441,483) • The appointment of nine individuals to comprise the First Board of Directors of the Company. IfCash the flowsCompany (used is in) wound / from up, operating the Constitution activities states that each member is required(396,612) to contribute a maximum 192,456 of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 30 1 31
1 1 70 71
As the outcome of the administration is now known, the accounts have been prepared on a going concern basis. . John Gregory Glenn (resigned 15 September 2020) The Deed Administrators do not have any intention as at the date of this report to wind down or liquidate . Catherine Margaret Collier (resigned 15 September 2020) operations of the Company. DeedDeed Administrators Administrators’ Report’ Report DeedDeed. Administrators EricaAdministrators Ethel Macmillan’ Report (resigned’ Report 11 May 2020) On entering administration, all liabilities the Company, including but not limited to, trade and other payables, . Gillian Anne Canapini (resigned 18 September 2019, appointed 16 January 2020, and resigned 11 May andTheThe employee DeedDeed Administrators Administrators entitlements, of wereofEquestrian Equestrian frozen Australia ('Pre Australia-appointment Limited Limited (Subject Liabilities'). (Subject to Deed On to 20of Deed OctoberCompany of 2020,Company Arrangement) the DeedArrangement) (the (the TheThe DeedDeed2020) Administrators Administrators of ofEquestrian Equestrian Australia Australia Limited Limited (Subject (Subject to Deed to of Deed Company of Company Arrangement) Arrangement) (the (the Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed AdministratorsCompany) have made resolved a distribution to make of and100 centssign thisin dollar report to admittedin place creditorsof the directors of the Pre, and-appointment in our capacity Liabilities as Deed Company. ) have resolved to make and sign this report in place of the directors, and in our capacity as Deed Administrators of the Company for the year ended 30 June 2020. AdministratorsDavid ofCameron the Company (resigned for the 4 February year ended 2020) 30 June 2020. inAdministrators accordance with of the CorporationsCompany for Act the 2001 year (Cth)ended. 30 June 2020. Administrators of the Company for the year ended 30 June 2020. . Suzanne Aileen Doyle (resigned 8 November 2019) On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution On 9 June 2020, we were appointed Voluntary Administrators of the Company. On 16 July 2020 on the execution As at reporting date, the final administrative obligations pursuant to the terms of the DOCA are being finalised ofOn a 9Deed June of 2020 Company, we Arrangementwere appointed (DOCA Voluntary), we were Administrators appointed as Deed of the Administrators. Company. On 16 July 2020 on the execution ofOn a 9.Deed JuneAlistair of 2020 Company Robert, we Arrangementwere Mackinlay appointed (r(DOCAesigned Voluntary), we 7 Novemberwere Administrators appointed 2019) as Deed of the Administrators. Company. On 16 July 2020 on the execution andof a the Deed documentation of Company requiredArrangement to be (lodgedDOCA) to, we effectuate were appointed the DOCA as will Deed be Administrators.completed shortly. Control of the of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. CompanyWe have made will revert this report to the based First Boardon information of Directors provided on effectuation to us by the of Company the DOCA. and with records that we have We have made this report based on information provided to us by the Company and with records that we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have inspected.We have madeThis report this isreport made basedby us withouton information having had provided any involvement to us by with the theCompany Company and prior with to recordsour date thatof we have Toappointmentinspected. the best ofThis as t heVoluntary report Deed Administrators'is Administrators. made by us without knowledge, having there had have any been involvement no other withcircumstances the Company beyond prior what to ourhas date of appointmentinspected. This as Voluntary report is Administrators. made by us without having had any involvement with the Company prior to our date of beenappointment disclosed, as arising Voluntary since Administrators.30 June 2020 that have significantly affected or may significantly affect: appointment as Voluntary Administrators. To the maximum extent permissible, we disclaim any representation made or implied by us as a result of To the maximum extent permissible, we disclaim any representation made or implied by us as a result of informationTo thea. maximumThe provided operations extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of informationTo the maximum provided extent to us which permissible, we may reasonably we disclaim rely anyupon. representation This disclaimer doesmade not or extend implied to any by conductus as a result of which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant informationa. The provided results of to those us which operations, we may or reasonably rely upon. This disclaimer does not extend to any conduct information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. legislation. whichb. is Theattributable state of affairs to any of Equestrianwillful misconduct Australia, Limited gross negligencein future financial or willful years. failure to comply with relevant which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant Administratorslegislation. Administratorslegislation.
TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year TheAdministrators name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year 23.andRE untilMUNERATION the date of this OF report AUDITORS is set our below. 2020 2019 and until the date of this report is set our below. The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year . . and until Kate the Conneely date of this report is set our below. $ $ and until Kate the Conneely date of this report is set our below. Auditors. CraigRemuneration Shepard 11,146 12,500 . Craig Shepard . Kate Conneely . Kate Conneely TotalGovernance other assets Overview 11,146 12,500 Governance Overview . Craig Shepard . Craig Shepard The Company operates as a company limited by guarantee. This structure reflects the best practice The Company operates as a company limited by guarantee. This structure reflects the best practice recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendationsGovernance Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports 2Governance4. ADMINSTRATORS Principles. AsOF a THE company COMPANY limited by guarantee, the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice (Cth)The andCompany is required operates to comply as with a allcompany applicable limited legal and by reporting guarantee. obligations. This structure reflects the best practice recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports TRegisteredhe name ofoffice the Company’s Voluntary Administrators and subsequent Deed Administrators in office during the Registered office financialGovernance year Principles.and until the As date a company of this report limited is by set guarantee, our below. the Company is governed by the Corporations Act 2001 Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. The(Cth) Company’s and is required registered to complyoffice is: with all applicable legal and reporting obligations. . Kate Conneely RegisteredUnit office 7 RegisteredUnit office 7 . 11Craig-21 ShepardUnderwood Road 11-21 Underwood Road The Company’sHOMEBSH registered NSW 2129 office is: The Company’sHOMEBSH registered NSW 2129 office is: 25. DIRECTORS OF THE COMPANY Members’ Unitlimited 7 liability Members’ Unitlimited 7 liability The following11-21 persons Underwood were directors Road of the Company during the whole of the financial year and up to the date of 11-21 Underwood Road If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 this report,HOMEBSH unless otherwise NSW 2129 stated: HOMEBSH NSW 2129 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that . Peter William Toft (resigned 15 September 2020) membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). membersMembers of’ limited the Company liability are liable to contribute if the Company is wound up was $6 (2019: $6). . Helen Hamilton James (resigned 15 September 2020)
If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). 1 32 1 33
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Independent Auditor’s Report ŝ Ɛ To the Members of Equestrian Australia Limited Deed Administrators’ declaration ŝ ŵ ŵ Opinion ŝ Deed Administrators’ Report Deed Administrators’ Report Auditor’s Independence Declaration Under Section 307C of The Corporations Act 2001 to ů ŝ In the Deed Administrators’ opinion, and to the best of their knowledge, following a review of the documents WeThe have Deed audited Administrators the financial o freport Equestrian of Equestrian Australia Australia Limite Limitedd. (“the Company”) which comprises providedThe Deed to usAdministrators by the Company: of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the ů The Deed Administrators of Equestrian Australia Limited (Subject to Deed of Company Arrangement) (the the statement of financial position as at 30 June 2020, the statement of comprehensive income, the Ğ Company) have resolved to make and sign this report in place of the directors, and in our capacity as Deed Companya. the) have financial resolved statements to make and and Notes sign set this out report on pages in 10place to 33 of are the in directors accordance, and with in theour Corporations capacity as Deed statement of changes in equity and the statement of cash flows for the year then ended, and notes to Ğ Administrators of the Company for the year ended 30 June 2020. I declare that, to the best of my knowledge and belief, during the year ended 30 June 2020 there have ͗ AdministratorsAct 2001 of the(Cth), Company including: for the year ended 30 June 2020. thebeen financial no contraventions statements ,of: including a summary of significant accounting policies, and the Deed Administrators’ declaration. н ͗ On 9 Junei. 2020complying, we were appointedwith Accounting Voluntary Standards Administrators – Reduced of the Disclosure Company Requirements,. On 16 July 2020 the on Corporationsthe execution Onof a9 DeedJune of2020 Company, we were Arrangement appointed (DOCA Voluntary), we were Administrators appointed as Deedof the Administrators. Company. On 16 July 2020 on the execution Regulations 2001 and other mandatory professional reporting requirements; and (i) the auditor independence requirements as set out in the Corporations Act 2001 in relation ϲ н of a Deed of Company Arrangement (DOCA), we were appointed as Deed Administrators. In our opinion,to the the accompanying audit; and financial report of the Company is in accordance with the Corporations We have ii.madeG thisive areport true andbased fair on view information of the financial provided position to us by of the the Company Company and as with at 30 records June 2020 that andwe have of its Act 2001, including: ϲ ϭ Weinspected. have made Thisperformance report this report is made basedfor by the us on financialwithout information having year ended had provided any that involvement date.to us by thewith Company the Company and prior with to records our date that of we have (ii) any applicable code of professional conduct in relation to the audit. ϭ inspected.appointment This as reportVoluntary is madeAdministrators. by us without having had any involvement with the Company prior to our date of a) giving a true and fair view of the Company’s financial position as at 30 June 2020 and of its ϴ b. There are reasonable grounds to believe that the Company will be able to pay its debts as and when appointment as Voluntary Administrators. financial performance for the year then ended; and ϴ To the maximumthey become extent due permissible, and payable. we disclaim any representation made or implied by us as a result of ϵ information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct To the maximum extent permissible, we disclaim any representation made or implied by us as a result of ϵ which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant b) complying with Australian Accounting Standards – Reduced Disclosure Requirements and the ϯ information provided to us which we may reasonably rely upon. This disclaimer does not extend to any conduct legislation. Corporations Regulations 2001. ϯ This declaration is made in accordance with a resolution of the Deed Administrators. ϲ which is attributable to any willful misconduct, gross negligence or willful failure to comply with relevant ϲ legislation.Administrators Basis for Opinion ϳ WALKER WAYLAND AUDIT (WA) PTY LTD AdministratorsThe name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year ϯ ϳ and until the date of this report is set our below. We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under ϯ The name of the Company’s Deed Administrators and Voluntary Administrators in office during the financial year those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial ϰ . Kate Conneely and until the date of this report is set our below. Report section of our report. We are independent of the Company in accordance with the auditor ϰ independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting ϰ Kate Conneely. Craig Shepard Craig Shepard . Kate Conneely Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (“the ϰ ϰ Deed Administrator Deed Administrator Governance Overview Code”) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other Richard Gregson CA ǁ ϰ . Craig Shepard ethical responsibilities in accordance with the Code. Director The Company operates as a company limited by guarantee. This structure reflects the best practice ǁ Level 3, 1 Preston Street, COMO WA 6152 ǁ Governancerecommendations Overview for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports We confirm that the independence declaration required by the Corporations Act 2001, which has been 24 December 2020 ǁ Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 given to the Deed Administrators of the Company, would be in the same terms if given to the Deed ǁ The(Cth) Company and is required operates to comply as witha company all applicable limited legal andby reportingguarantee. obligations. This structure reflects the best practice Dated this 24th day of December 2020 Administrators as at the time of this auditor’s report. ǁ recommendations for national sporting organisations (NSOs) contained in Sport Australia’s Mandatory Sports ͘ Registered office Governance Principles. As a company limited by guarantee, the Company is governed by the Corporations Act 2001 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ǁ ͘ (Cth)The Company’s and is required registered to comply office is: with all applicable legal and reporting obligations. our opinion. ǁ ǁ
RegisteredUnit office 7 Ͳ ǁ 11-21 Underwood Road Material Uncertainty Related to Going Concern
The Company’sHOMEBSH registered NSW 2129 office is: ǁ Ͳ Without modifying our opinion, we draw attention to the following matter. On 9 June 2020, the Company MembersUnit’ limited 7 liability was placed in Voluntary Administration by its directors. The Company subsequently entered a Deed of Ă ǁ 11-21 Underwood Road Company Arrangement on 16 July 2020, as voted by the Company’s creditors at the creditors’ meeting Ă If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 held on 14 July 2020. As a result of this matter and those disclosed in Note 1q) “Going Concern” of the ͘ each towardsHOMEBSH meeting NSW any 2129 outstanding obligations of the Company. At 30 June 2020, the total amount that financial report, there are material uncertainties that cast significant doubt whether the Company can ͘ members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). Đ Members’ limited liability continue as a going concern and therefore whether it will realise its assets and extinguish its liabilities in Ž Đ the normal course of business and at amounts stated in the financial report. The ability of the Company If the Company is wound up, the Constitution states that each member is required to contribute a maximum of $1 to continue as a going concern is dependent upon ongoing funding and sponsorship support and its ŵ Ž each towards meeting any outstanding obligations of the Company. At 30 June 2020, the total amount that ability to generate profits from operational activities. ŵ members of the Company are liable to contribute if the Company is wound up was $6 (2019: $6). ͘ 1 ͘ 34 >ĞǀĞůϯ͕ϭWƌĞƐƚŽŶ^ƚƌĞĞƚ͕ŽŵŽtϲϭϱϮͮWKŽdžϮϭϲϮ͕ŽŵŽĞĂĐŚtϲϭϱϮͮd͗нϲϭϴϵϯϲϰϵϵϴϴͮ&͗нϲϭϴϵϯϲϳϯϰϰϰ Ă Ă >ŝĂďŝůŝƚLJůŝŵŝƚĞĚďLJĂƐĐŚĞŵĞĂƉƉƌŽǀĞĚƵŶĚĞƌWƌŽĨĞƐƐŝŽŶĂů^ƚĂŶĚĂƌĚƐ>ĞŐŝƐůĂƚŝŽŶ Ƶ Ƶ 1 74 >ĞǀĞůϯ͕ϭWƌĞƐƚŽŶ^ƚƌĞĞƚ͕ŽŵŽtϲϭϱϮͮWKŽdžϮϭϲϮ͕ŽŵŽĞĂĐŚtϲϭϱϮͮd͗нϲϭϴϵϯϲϰϵϵϴϴͮ&͗нϲϭϴ75 ϵϯϲϳϯϰϰϰ
Information Other than the Financial Report and Auditor’s Report Thereon
The Deed Administrators are responsible for the other information. The other information comprises the • Conclude on the appropriateness of the Deed Administrators’ use of the going concern basis of information included in the Company’s annual report for the year ended 30 June 2020 but does not accounting and, based on the audit evidence obtained, whether a material uncertainty exists related include the financial report and our auditor’s report thereon. to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention Our opinion on the financial report does not cover the other information and accordingly we do not in our auditor’s report to the related disclosures in the financial report or, if such disclosures are express any form of assurance conclusion thereon. inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to In connection with our audit of the financial report, our responsibility is to read the other information and, cease to continue as a going concern. in doing so, consider whether the other information is materially inconsistent with the financial report or • Evaluate the overall presentation, structure and content of the financial report, including the our knowledge obtained in the audit or otherwise appears to be materially misstated. disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation. If, based on the work we have performed, 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. We communicate with the Deed Administrators regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control Responsibilities of the Deed Administrators for the Financial Report that we identify during our audit.
The Deed Administrators of the Company are responsible for the preparation of the financial report that We also provide the Deed Administrators with a statement that we have complied with relevant ethical gives a true and fair view in accordance with Australian Accounting Standards – Reduced Disclosure requirements regarding independence, and to communicate with them all relationships and other matters Requirements and the Corporations Act 2001 and for such internal control as the Deed Administrators that may reasonably be thought to bear on our independence, and where applicable, related safeguards. determine is necessary to enable the preparation of the financial report that gives a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the financial report, the Deed Administrators 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 going concern basis of accounting unless the Deed Administrators either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. WALKER WAYLAND AUDIT (WA) PTY LTD Auditor’s Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the 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 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or Richard Gregson CA in the aggregate, they could reasonably be expected to influence the economic decisions of users taken Director on the basis of this financial report. Level 3, 1 Preston Street, COMO WA 6152
As part of an audit in accordance with the Australian Auditing Standards, we exercise professional Dated this 24th day of December 2020 judgement and maintain professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Deed Administrators.
76 77 Equestrian Australia Limited ABN 19 077 455 755 National Office
Postal: PO Box 673, SYDNEY MARKETS, NSW, 2129 Unit 7, 11-21 Underwood Road, Homebush, NSW, 2140
Telephone: +61 2 8762 7777 Fax: +61 2 9763 2466 Website: www.equestrian.org.au
Follow us @EquestrianAus EquestrianAus @EquestrianAus
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