WATER POLO CLUB 50th ANNUAL REPORT 2014/2015 CRONULLA SUTHERLAND WATER POLO PO BOX 510 CRONULLA NSW 2230 ABN 25 688 209 493 Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 CRONULLA SUTHERLAND WATER POLO CLUB INC Office Bearers 2014-2015 Season Patron: Scott Morrison Patron: Robert McLelland President: John Zagame Vice Presidents: National League – Chris Brooks Academy - Greg Williams Metropolitan Grade/Gear Steward Karl Nusdorfer Juniors Karen Kerr Officiating and Accreditation - Ashleigh Kaesler Life Members Association - Jenny Liessmann Schools Liaison - Leanne Lucy Directors: Marketing and Communications Rachel Collier Capital Projects – Colin Nicholson Finance and Planning/Treasurer – Roger Rudkins Coaching and Programs - Predrag Mihailovic Secretary: Kylie Simmons / Jenny Liessmann Public Officer: Graeme Geldart LIFE MEMBERS: Frank Falson (dec) Ralph French Ron Mandelson Randall Goff (dec) John Halpin Craig Miller Eric Hirst (dec) Simone Hankin Mark Oberman Peter Abbott Mal Hunt Paul Oberman George Birss William Jones Alan Roberts Sean Boyd Andrew Kerr Robert Smith Grace M Bryant Karen Kerr Troy Stockwell Grace Bryant Peter Kerr Valerie Bryant Robert Bryant Jennifer Liessmann Stephen Timilty Bruce Falson Robert Lumb Michael Turner Tony Falson Alicia McCormack Grant Waterman Greg McFadden - 2 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 Presidents Report The 2014-2015 season has come and gone with many new players and our loyal and long term members enjoying the camaraderie and competition that our great sport provides us. The season launched into the summer of 2014 with our trials and selection process. With the many new and strong players following the pathway from the juniors our selectors had a tough time making decisions. Once the teams were selected and the competition commenced then it was Game-On! As our teams showed tremendous Sharkies spirit and gave their all to every game. Our Club has continued to perform incredibly well throughout our age groups and grades at Metropolitan, State and National levels. In the Metropolitan Competition our Ladies Team was Minor Premiers but overall 3rd and our Men finished in 4th place. In the National League our Women were 3rd after normal season and finished 4th after finals. Our Men finished in 7th place just shy of making the finals series which was a great effort from them and one big step toward a podium position in the future.. We admire and congratulate our club members selected to represent in school, state and national water polo teams. The whole club is behind our Rep Players so go out show that Sharks spirit. The proposal for the development of a dedicated water polo facility within the grounds at Cronulla High School has proceeded with the Sporting Fields and Football Club House being constructed on the site and now in operation. The team being led by John Watkins is making progress and the plans can be viewed at www.siwpa.com.au. I wish to thank the SIWPA Board of Directors which is made up of John Watkins, Colin Nicholson, Paul Manning, Keith Ward, Chris Batty and John Zagame and the Executive consisting of John Watkins, President and Public Officer, Chris Batty, Secretary, David Bullock, Treasurer, Colin Nicholson, Chairman Capital Works Control Group and Dusan Damjanovic, Manager Programs Development and Operations Control Group for their contributions. Our club is run day-to-day by a small group of very energetic and dedicated volunteers. Our management team is growing year by year but needs more supporters to accept formal roles. At the end of another wonderfully successful year we should all thank those who dedicate so much of their energy and time to make our sport great. Particularly let me thank the Executive Committee who does so much hard work. The annual Sports Luncheon will be held before the start of the coming season as a Kick-Off event. We need a strong year for fundraising so please do your very best to support this and the other events throughout the coming season. Let’s pull together and continue to make Cronulla Sharks the best club in Australia. Go Sharkies ! John Zagame - 3 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 DIRECTOR OF FINANCE AND PLANNING REPORT 2014 - 2015 The financial statements of Cronulla Water Polo Club Inc that appear in this report have been audited by the auditor duly appointed by the Club, Tom Iceton, OAM CA Chartered Accountant. The Club has returned a deficit of ($10,625.48) for the year compared to a small surplus of $5,679.21 in the prior year. The main reasons for the deficit this year is the payment of $10,000 in sponsorship donation to Sharks International Waterpolo Academy Inc (the pool development body) and reduced fund raising activities relating to National League and water polo camps this year. The sponsorship donation was received by the Club in prior years specifically for the purpose of the Capital Infrastructure Project (new pool development). The result highlights the importance of fundraising for the Club to allow the Club to remain in surplus each year. Despite the current year deficit the Club remains in a healthy financial position with cash on hand at the end of the financial year of $57,014.08 (prior year $68,620). It should be noted that $15,000 of cash on hand in the prior year related to sponsorship donations received by the Club specifically for the purpose of the Capital Infrastructure Project (new pool development) which was paid across to Sharks International Waterpolo Academy Inc (the pool development body) in this financial year. Accounts Receivable representing monies owed to the Club was $11,027.77 at the end of the financial year (prior year $13,247). Current outstanding (less than 21 days) was $1,505 (prior year $6,825) while over 21 day unpaid invoices totalled $9,522.77 (prior year $6,455), most of which related to National League player monies owing. It is important that the Club receives payment from players on a timely basis to ensure we are funded to meet all the Club’s obligations. Trade Creditors representing amounts owed by the Club was $13,384.20 at the end of the financial year (prior year $13,601). The majority of the balance represented two outstanding invoices owing to Water Polo NSW for $6,985 for referee charges for the 2014/15 Metro Summer Competition and $5,000 for metro team entry fees for the NSW state championships. Both invoices were unpaid at year end as the Club had queried both invoices. Other points to note in relation to the current year financials compared to the prior year: 1. The 2014 Sports Lunch generated a $9,677 (2013 Sports Lunch $10,136) net profit for the Club. 2. The annual Blue Tie Ball was not organised this year. While in the prior year the 50th Anniversary Celebration did not generate a surplus for the Club due to lower than expected attendance this function has historically been a strong fund raiser for the Club (the 2013 Blue Tie Ball generated a $9,746 net profit for the Club). A strongly attended function can be an important fundraising activity for the Club. 3. The National League teams continue to require support from the broader Club community. While National League Income including specific National League sponsorship and fundraising totalled $31,109 (prior year $39,640), total National League expenses totalled $49,329 (prior year $60,677) generating a net deficit for National League of ($18,220) (prior year net deficit of ($21,036)). - 4 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 4. Due to a lack of additional fund raising this year there was no expenditure on capital or equipment purchases this year. Lastly, thank you to those businesses whom have provided financial support during the financial year - Paul’s Warehouse, Cronulla Sutherland League Club Sports Council, and McDonalds Sylvania. Your assistance is greatly appreciated. Roger Rudkins Director of Finance and Planning - 5 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 6 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 7 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 8 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 9 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 10 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 11 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 - 12 - Cronulla Sutherland Water polo Club Inc 50th Annual Report 2014/2015 CAPITAL INFRASTRUCTURE REPORT Sharks International Water Polo Academy is an incorporated organisation registered in New South Wales, Australia. The Academy was established by the Cronulla Sutherland Water Polo Club Incorporated to solve our sport’s biggest barrier to sustainable development and growth – the lack of suitable facilities, access to those facilities and program management of facility operations. As it stands, grass roots participation is constrained and the delivery of quality development pathways for emerging elite and elite athletes is unsuitable and insufficient. Spectator accommodation is minimal to say the least and without a world class facility in our region the conduct of National League games, regional, state, national and international tournaments and events will become ever more problematic and the benefits of program enhancement and sports tourism will be lost. The Foundation Members of the Sharks International Water Polo Academy are the Cronulla Sutherland Water Polo Club Incorporated and the University of Wollongong’s Recreation and Aquatic Centre Ltd. The Foundation Stone for this alliance was the securing of a Deed of Agreement between the Cronulla Sutherland Water Polo Club and the NSW Department of Education.