Randwick District Rugby Union Football Club Inc. 2014 Annual Report 1 RDRUFC Annual Report 2014 Contents Treasurers Report ........................................................................................................................... 3 2014 Financial Reports ................................................................................................................... 4 NSW Grade Premiers ................................................................................................................... 15 Randwick Rugby Club Awards ...................................................................................................... 18 Randwick Hall of Fame ................................................................................................................. 22 Randwick Rugby Invincibles Luncheon ......................................................................................... 23 Randwick Rugby Club Statistics .................................................................................................... 24 2014 Career and Season Points Scored by Individual Grade Players ........................................... 44 2014 Season and Career Grade Games Played ........................................................................... 49 2014 Points Scored by Individual Colt Players .............................................................................. 54 2014 Season and Career Grade Games Played - Colts ................................................................ 57 Member Information Form ............................................................................................................. 60 2 RDRUFC Annual Report 2014 Treasurers Report 2014 The attached Profit and Loss report and Balance Sheet show a profit for 2014 of $6,934 (2013 $132,167) with cumulative retained funds including reserves of $247,404. The Club finished the year in a strong financial position. A reporting comparison between 2014 and 2013 in all areas is difficult due to different balance dates (12 months vs. 9 months). The Club’s cost base has also changed with implementation of a number of strategies to develop success both on and off the football field with a bottom-up approach. Total revenue rose in 2014 to $781,887 (2013 $614,971) due to concession sales of food and beverages from the canteens being undertaken directly by the Club and the success of the Randwick “Invincibles” lunch to support our scholarship program. Revenue and costs relating to these operations are detailed in the notes to the financial report. The strategy of employing a full-time Director of Rugby and part-time administrative person has proven to be the right decision with the success of the Colts program culminating with the First Grade Colt’s Premiership. Costs associated with these employees are shown within the administration expenses. To ensure success off the field the Club engaged a marketing consultant during the year to assist with sponsor servicing and developing marketing strategies to improve our revenue and reach in sponsorships for 2015. The success of the fund-raising lunch can also be directly attributed to this decision. In 2015 the Club has moved to appoint Travis Partridge to a full-time role as Director of Colts (50%) and Administration (50%).This will further strengthen our Colts program and administrative function. With ARU/NSWRU grants and income from direct sponsorship down from the previous years the Club had to rely on the Rugby Foundation for an increased contribution - 2014 - $200,000 (2013 - $75,000). Junior and school development programs were also funded directly by the Foundation. The Board is very conscious that this level of support cannot continue on an annual basis and is taking steps to increase sponsorship and other revenue We would like to take this opportunity to thank the Rugby Foundation Board for its understanding and continued support. With the closure of the Licensed Club and the sale of assets nearing completion a distribution of excess funds ($500,000) was made to the Rugby Foundation at the request of the Football Club. The investment income from this money has been earmarked for the development of the Colts and Junior football programs throughout the district. Finally the Board would like to thank our loyal sponsors and donors for their continued financial support especially as the Club reconstructs its rugby program. The Club also receives unreserved support from its many loyal volunteers and supporters, representative players, coaches, support staff and other well-wishers internal and external to the club. We thank you for all your support as this great Club would not be able to function without its many volunteers and supporters. Ian R Bonnette Honorary Treasurer 3 RDRUFC Annual Report 2014 2014 Financial Reports RANDWICK DISTRICT RUGBY UNION FOOTBALL CLUB INC ABN: 75 787 573 633 Income and Expenditure Statement for the Period Ended 30 September 2014 2014 2013 Note $ $ Income Sponsorship 2 514,640 437,236 N S W RU - Grant 29,000 - ARU - Grant 10,000 65,000 Revenue - Coogee Oval 3 97,436 49,285 Revenue - Players account - 14,856 Player Subscriptions 36,059 33,955 Fundraising Functions 90,763 2,182 Merchandise Revenue 378 217 Interest Received 213 133 Other income 4 3,398 12,107 Total Income 781,887 614,971 Expenses Coogee Oval 5 50,763 25,974 Latham Park 6 14,770 8,641 Ground Hire Other 6,570 - Player Operation Costs 7 174,311 125,863 Coaching Costs 8 128,654 110,797 Marketing - Direct 9 58,916 19,129 Marketing - Sponsorship Servicing 10 9,454 5,193 Sponsorship Contra Costs 11 155,000 132,691 Administration Expenses 12 171,515 44,960 Depreciation 13 5,000 9,556 Total Expenses 619,953 482,804 Operating Surplus/(Loss) Before Extraordinary Items 6,934 132,167 Operating Profit/(Loss) after Extraordinary Items 6,934 132,167 Retained Funds - Opening 213,358 81,191 Surplus Available for Appropriation 6,934 132,167 Retained Funds at End of Year 220,292 213,358 4 RDRUFC Annual Report 2014 RANDWICK DISTRICT RUGBY UNION FOOTBALL CLUB INC ABN: 75 787 573 633 Balance Sheet as at 30 September 2014 NOTE 2014 2013 $ $ Current Assets Cash 1 88,940 148,138 Trade and Other Debtors 14 163,899 113,055 Prepayments 9,456 9,329 GST Paid 12,631 7,536 Total Current Assets 274,926 278,058 Property, Plant and Equipment 15 27,081 20,120 Total Non-Current Assets 27,081 20,120 Total Assets 298,178 Current Liabilities Payables 16 28,225 40,661 GST on supplies 16,116 15,272 Provisions 17 10,262 1,775 Total Current Liabilities 54,603 57,708 Total Liabilities 54,603 57,708 Net Assets 247,404 240,470 Equity Accumulated Funds 220,292 213,358 Reserves 18 27,112 27,112 Total Equity 247,404 240,470 5 RDRUFC Annual Report 2014 RANDWICK DISTRICT RUGBY UNION FOOTBALL CLUB INC ABN: 75 787 573 633 Statement of Changes in Equity for the Year Ended 30 September 2014 Retained Earnings Reserves Total $ $ $ Balance as at 31st December 2012 81,191 24,910 106,101 Profit/Transfers 132,167 2,202 134,369 Balance as at 31st December 2013 213,358 27,112 240,470 Profit/Transfers 6,934 - 6,934 Balance as at 31st December 2014 220,292 27,112 247,404 Statement of Cash Flows for the Year Ended 30 September 2013 2014 2013 $ $ Cash Flows from Operating Activities Cash Receipts From Operations 576,043 354,881 Cash Payments in the Course of Operations (623,280) (361,899) Net Cash Provided/(Used) by Operating (47,237) (7,018) Activities Payments for Property Plant Equipment (11,961) - Net Cash Provided by Investing Activities (11,961) - Cash Flows from Financing Activities Provisions and Reserves - 2,202 Repayment of Loan - - Net Cash Provided by Financing Activities - 2,202 Net Increase/(Decrease) In Cash Held (59,198) (4,816) Cash at the Beginning of the Year 148,138 152,954 Cash at the End of the Year 88,940 148,138 6 RDRUFC Annual Report 2014 RANDWICK DISTRICT RUGBY UNION FOOTBALL CLUB INC ABN: 75 787 573 633 Notes to the Statement of Cash Flows 2014 2013 $ $ Note 1 - Reconciliation of Cash Cash at the end of the financial year as shown in the statements of cash flows is reconciled to the related item in the statement of financial position as follows: Cash in Hand Bank - Seniors 86,410 55,177 Cash Management - Macquarie Bank 2,530 2,505 RDRUFC Players Account - 90,456 Total Cash 88,940 148,138 Note 2 - Reconciliation of Cash Flows from Operations with Surplus from Ordinary Activities Surplus from Ordinary Activities 6,934 132,167 Non-cash Flows in Surplus from Ordinary Activities: Depreciation and Impairment Charge 5,000 9,556 Changes in Assets and Liabilities: (Increase)/Decrease in Debtors (50,844) (102,740) Increase/(Decrease) in Payables (12,436) 34,498 (Increase)/Decrease in Other Assets (127) (6,169) Increase/(Decrease) in GST Payable (4,251) (6,278) Increase/(Decrease) in Provisions 8,487 (68,052) Cash Flows from Operations (47,237) (7,018) Notes to the Financial Statements for the Year Ended 30 September 2014 Note 1 Statement of Significant Accounting Policies This financial report is a special purpose financial report prepared in order to satisfy the financial reporting requirements of the Associations Incorporation Act New South Wales. The committee has determined that the association is not a reporting entity. The financial report has been prepared in accordance with the requirements of the Associations Incorporation Act New South Wales and the following Australian Accounting Standards: AAS 5 : Materiality AAS 8: Events Occurring After Reporting date 7 RDRUFC Annual Report 2014 No other applicable Accounting Standards,