Page 14 - CGC_Annual_Report_2014
P. 14
Annual Report 2013-2014
COTTESLOE GOLF CLUB (INC)
2013/14 ANNUAL REPORT
Financial Results CHIEF EXECUTIVE OFFICER’S OPERATIONS REPORT
creTdeoxhirTFespcmeecihxoenplcpeorefaoiteasdninfnreereaitecgnsddnisinaaecpgainldetatnhoRrclpieiotereaheadosrlep.bpuioroue$letdbrrd1spta.ug2otfde9ionrt,gtr8ege3dftth3oseerusdsurt2puhr0sprleup1ulusl3ru2sp/s20olu01off1s3fo4$/ro2$2ff0it52nh,13a$6e,426n269cp3fi2ira,ne6.wlav9yhiTno2eihccu.aihissraTlhyisencTETacoooexrottpmwaamdelllpiynsepaodcmarapieltpoerpudeprslraooseteotyiinsent$toegea4den,ea2xx0Cpop9$oepe,m1n8ens21rdme7a9istu,tuf8inionnr3ierccg32arae0tsmais1ousu2onrer/psud2pln0uMlttu1oseas3d$no.2fatfo,og4$re0$2r4t,45h,,9i,5ne671c42r3p.e6,r1Taeh9wsv2eeihoicuhs
in casual wages in catering and golf operations and
rheaadlloacnaitmiopnaCoctfaocsnohutarhsines dfsigtcauafrfest.ho efuqlfuil itvaasklerneqtsuirements
Accumulated Members'
Funds 800
Administration expenses increased $125,602 on
0T1T3E/S1L4OAENGNOU555L343FA005CL000LRUEBPO(IRNTC) p6r0e0vious year. This is mainly due to changed accounting
IVE OFFICER5’S25O0PERATIONS REPORT practice for affiliation fees (+$30k), consultancy fees
(+40$017k), computer & website maintenance (+$16k) &
5200 bad debt expenditure incurred (+$15k).
200
5150
nancial yea5r1d00iscloses an operating surplus of $25,626 which House expenses increased by $43,078 compared to
692. This compares t2o01a2 $129,83320s1u3rplus for t2h0e14previous pre0vious year. General repairs (+$17k) and electricity
(+$33k) were20t1h2e primary rea2s0o1n3 for the incre2a0s1e4.
TRoetvaelnrueeveCnaushe afnodr ctahseh Ceqluubivadluenritnsg the past Course expenses increased by $15,190 compared to
in8c00rease on the previous year $5,145,112. previous year. This was largely due to extensive tree
twelvperumniongntohnshwoleass8$a5n,d44146,1(+2$219wk)h. ich was a $299,010
B6a00r revenue Depreciation
to400$524,298
$w9h5ic5h,7w63aswahic$h34w,8a2s8ao$n65th,1e2p3reinvcioreuasstDyoeeetapoalrnlree,cdtihha$oet4iwo7pn1ere,v7cve6hir6oariu(tg$sei5sdy1e7si,tan7ilr4l.t2fhCeefaolttraet2chr0ciin1osg2ui/ns2rte0sov1nef3eo)n.ruaterheeiancywreeeaar csaend
g2e0n0 erate additional revenue.
Capital Expenditure
$663,980 in cash was provided by operating
Go0lf Oper2a01t2ions reven2u01e3 reduced 2b0y14 $30,742 to
$5a2cC9ta,iv1pi2tiite7as.l TaEhlxlopiswenwindgaitsuforlarer$g9e3l5y,2d3u7etotobeasdpecnrteoansceaipnitatrlade
ast tweRTlovedrinteevaavellmayentrunoiegventvoetrehelrnysyeunwvneaaefsfluueot$rear5astti,hl4o,4ednh4u,iCo1en2lwu22bte0owv1deh2utrihc/r2ihegn0grwo1cas3toshs.uearpspr$eoa2fs9ict9to,0trnwe1s0detlruvucecetdionbi$hmyo5$$iwmp8u62$krsop666oer3krov5koa,en,i9svn3nm8esd3h0mpe(6-o$nr$eii2utnnw2sn0sk.8tecklhsea$,.ii1arnc8s0n$uhh0cd18p7ow0)gwk$m.7ra2aaskpGs0dpsukeoseptpesinlirnfnroettnvuoclroiatpoednVgrmteoagardcnalpeviolduebucetpyorreissneau.reovrHutpsecpeeenaogarunancrdeasot,itdonnr$uesrgv2estce6r.tmaurkiosccanitttniaii,vontinteei,edds$5a
months was $5,444,122 which was a $299,010
n27eps34dtr2rueinucvtcceioortdeiuo$ah$oBinasn5ond5baiETmSscn22wydyreroxu9tcewe4eipehttbo$r,ara,im1aoev2eoeen6sr2revl9,n5ancekbt7erpo8h,ahsrds3.enoriioepletp3eTiwurnwt(re6hvdspi-teuesh$ieitirrvoosrhieiw2avsnceet$unev8ewtothhnt9isiir,lorip1anul5cowiru0$syrtefhg5eeds1ea.4i,lvsal7)aweuyst4.ier6eorsxcatg9.an3Gtahupesei,Clruiso2dlles$.yriaelf3nenyCf3eittdsef24adeolllurtaiea,troein8eeittrcrtatnnhuc2grhatt$igenier8enorise5leedga,raiopai1Csrernraeaneas4edvlocvmruae5veetnetre$b,nchdenew1oanr6ue.uae1nuuae5eeat2sepnr,oosc1ee.ritieranvae2neencv3$ocimdwnrrir2osfegeeaittt,uanaera6oi$anscssnt11aeedeere$ey5dndded5re4aa,54as,tt5,oeer97,12135,c1ow9m2h1ipcc4068oa0000h0000mrewpdaasrteoidnpCtrolaaiop$rrgi4tea,y2le0pEa9axr,rp8t$e12dn7,ud5feoi8tr1ut,2or5e03t17h2.e/2En0ne1twr3a. nScoecifael e1s
GTolof taOl peemraptiloonyseereevxepnueenseresduinccerdeabsyed$3to0,7$422,40to4,974. Th20e0 newly appointed Communications Manager,
1155,54,97215d($c-a5$irowne2y2mhc9q8gipr,,cu1e1rahei20arree7e1wsnd.)mea.TfstheeioGnienisnosptclwsfrladaioahusrrrsgueeaetayldaateolpriaalgwartnerhratle$eyigmv2ddcee,u5opunes8ueua1itrecn,ots5ote3ctroa7hecan.emodtneEetannshrceitintrinwrrseeuagadcnfSsitcagioeeornuceniidnrfalaeewltetg.ri1osvaoredkllfeysoperation0s and reallocation of course staff to fulfil task
2012 2013
2014
neutral, however gross profit reduced by $65,336 which
wAasdmin ilnairsgteraptaiortnanexopveernsstaetsedinincvreenatsoerydva$l1ua2t5io,6n0i2n on previous year. This was mainly due to changed
$4,5132,10am91c22acc/io2no0umte1np3nta.ianrengdcetpo(r$$a41c,26ti0kc9)e,8a1nf7odfrobraa2fd0f1idl2iae/2tb0iot1n3e.xpfeeensdit(u$r3e0ikn)c, ucrroDBenoudasriur(nd$lgt1Mat5nhekece)y.t2in0fg1es3e/s14 ($17k), computer and website
year the Board met on 12 occasions a
de52ig.,t,(6u4o$0r0l3fe240o,ik9nop)iwiSc7c,nnneouu4teCHratccmrar.rbprlsoroeooeetsTerpidneueauccoihdnasuvrsrntesipuir(srcepsoe$elileenradcttu1dauaiedriso5tngeentnwknyotdtecxxiyo)lonyy.pep($rp$gteaee4ahapfra3r4epnnee.orrl3el9pitvssonoTCsk,eoeec2drhl)inhaussn3ui(suwtyb$ot2eiieeoe1.nilwedneaa7tcroanscrkeCros)rei,oft8nie$nthammccha2cceasoro,ersmae5enuemneia8rnduadpesds1plnsreywe,u1beii5cmdts6byda3eoStuytaa7rfo($ieof$.rcf$t1ayno1$i1tEtan5soo94r5ndl,eMk135tf1crua$),9,waa7h.0ls2fm0nna1ei7o,la6nc5be8ctneg1gsamowee5istfmcrdbe,kfoh4,eoeir9cpermh2tssahpreeadirnetcdoreptaorseevp.iPPTPorehuGMWvesricroifbiyoGgubeluhlsolaeitrwrey.ienTaghriB.sowGareadnsM911el01arearmgl ebrleeyrpsdawuireesreto($el1eig7xitkbe)MElenRsatLoionvebdeeainttse
The following Board Members were eligible to atte
COTTESLOE GOLF CLUB (INC)
2013/14 ANNUAL REPORT
Financial Results CHIEF EXECUTIVE OFFICER’S OPERATIONS REPORT
creTdeoxhirTFespcmeecihxoenplcpeorefaoiteasdninfnreereaitecgnsddnisinaaecpgainldetatnhoRrclpieiotereaheadosrlep.bpuioroue$letdbrrd1spta.ug2otfde9ionrt,gtr8ege3dftth3oseerusdsurt2puhr0sprleup1ulusl3ru2sp/s20olu01off1s3fo4$/ro2$2ff0it52nh,13a$6e,426n269cp3fi2ira,ne6.wlav9yhiTno2eihccu.aihissraTlhyisencTETacoooexrottpmwaamdelllpiynsepaodcmarapieltpoerpudeprslraooseteotyiinsent$toegea4den,ea2xx0Cpop9$oepe,m1n8ens21rdme7a9istu,tuf8inionnr3ierccg32arae0tsmais1ousu2onrer/psud2pln0uMlttu1oseas3d$no.2fatfo,og4$re0$2r4t,45h,,9i,5ne671c42r3p.e6,r1Taeh9wsv2eeihoicuhs
in casual wages in catering and golf operations and
rheaadlloacnaitmiopnaCoctfaocsnohutarhsines dfsigtcauafrfest.ho efuqlfuil itvaasklerneqtsuirements
Accumulated Members'
Funds 800
Administration expenses increased $125,602 on
0T1T3E/S1L4OAENGNOU555L343FA005CL000LRUEBPO(IRNTC) p6r0e0vious year. This is mainly due to changed accounting
IVE OFFICER5’S25O0PERATIONS REPORT practice for affiliation fees (+$30k), consultancy fees
(+40$017k), computer & website maintenance (+$16k) &
5200 bad debt expenditure incurred (+$15k).
200
5150
nancial yea5r1d00iscloses an operating surplus of $25,626 which House expenses increased by $43,078 compared to
692. This compares t2o01a2 $129,83320s1u3rplus for t2h0e14previous pre0vious year. General repairs (+$17k) and electricity
(+$33k) were20t1h2e primary rea2s0o1n3 for the incre2a0s1e4.
TRoetvaelnrueeveCnaushe afnodr ctahseh Ceqluubivadluenritnsg the past Course expenses increased by $15,190 compared to
in8c00rease on the previous year $5,145,112. previous year. This was largely due to extensive tree
twelvperumniongntohnshwoleass8$a5n,d44146,1(+2$219wk)h. ich was a $299,010
B6a00r revenue Depreciation
to400$524,298
$w9h5ic5h,7w63aswahic$h34w,8a2s8ao$n65th,1e2p3reinvcioreuasstDyoeeetapoalrnlree,cdtihha$oet4iwo7pn1ere,v7cve6hir6oariu(tg$sei5sdy1e7si,tan7ilr4l.t2fhCeefaolttraet2chr0ciin1osg2ui/ns2rte0sov1nef3eo)n.ruaterheeiancywreeeaar csaend
g2e0n0 erate additional revenue.
Capital Expenditure
$663,980 in cash was provided by operating
Go0lf Oper2a01t2ions reven2u01e3 reduced 2b0y14 $30,742 to
$5a2cC9ta,iv1pi2tiite7as.l TaEhlxlopiswenwindgaitsuforlarer$g9e3l5y,2d3u7etotobeasdpecnrteoansceaipnitatrlade
ast tweRTlovedrinteevaavellmayentrunoiegventvoetrehelrnysyeunwvneaaefsfluueot$rear5astti,hl4o,4ednh4u,iCo1en2lwu22bte0owv1deh2utrihc/r2ihegn0grwo1cas3toshs.uearpspr$eoa2fs9ict9to,0trnwe1s0detlruvucecetdionbi$hmyo5$$iwmp8u62$krsop666oer3krov5koa,en,i9svn3nm8esd3h0mpe(6-o$nr$eii2utnnw2sn0sk.8tecklhsea$,.ii1arnc8s0n$uhh0cd18p7ow0)gwk$m.7ra2aaskpGs0dpsukeoseptpesinlirnfnroettnvuoclroiatpoednVgrmteoagardcnalpeviolduebucetpyorreissneau.reovrHutpsecpeeenaogarunancrdeasot,itdonnr$uesrgv2estce6r.tmaurkiosccanitttniaii,vontinteei,edds$5a
months was $5,444,122 which was a $299,010
n27eps34dtr2rueinucvtcceioortdeiuo$ah$oBinasn5ond5baiETmSscn22wydyreroxu9tcewe4eipehttbo$r,ara,im1aoev2eoeen6sr2revl9,n5ancekbt7erpo8h,ahsrds3.enoriioepletp3eTiwurnwt(re6hvdspi-teuesh$ieitirrvoosrhieiw2avsnceet$unev8ewtothhnt9isiir,lorip1anul5cowiru0$syrtefhg5eeds1ea.4i,lvsal7)aweuyst4.ier6eorsxcatg9.an3Gtahupesei,Clruiso2dlles$.yriaelf3nenyCf3eittdsef24adeolllurtaiea,troein8eeittrcrtatnnhuc2grhatt$igenier8enorise5leedga,raiopai1Csrernraeaneas4edvlocvmruae5veetnetre$b,nchdenew1oanr6ue.uae1nuuae5eeat2sepnr,oosc1ee.ritieranvae2neencv3$ocimdwnrrir2osfegeeaittt,uanaera6oi$anscssnt11aeedeere$ey5dndded5re4aa,54as,tt5,oeer97,12135,c1ow9m2h1ipcc4068oa0000h0000mrewpdaasrteoidnpCtrolaaiop$rrgi4tea,y2le0pEa9axr,rp8t$e12dn7,ud5feoi8tr1ut,2or5e03t17h2.e/2En0ne1twr3a. nScoecifael e1s
GTolof taOl peemraptiloonyseereevxepnueenseresduinccerdeabsyed$3to0,7$422,40to4,974. Th20e0 newly appointed Communications Manager,
1155,54,97215d($c-a5$irowne2y2mhc9q8gipr,,cu1e1rahei20arree7e1wsnd.)mea.TfstheeioGnienisnosptclwsfrladaioahusrrrsgueeaetayldaateolpriaalgwartnerhratle$eyigmv2ddcee,u5opunes8ueua1itrecn,ots5ote3ctroa7hecan.emodtneEetannshrceitintrinwrrseeuagadcnfSsitcagioeeornuceniidnrfalaeewltetg.ri1osvaoredkllfeysoperation0s and reallocation of course staff to fulfil task
2012 2013
2014
neutral, however gross profit reduced by $65,336 which
wAasdmin ilnairsgteraptaiortnanexopveernsstaetsedinincvreenatsoerydva$l1ua2t5io,6n0i2n on previous year. This was mainly due to changed
$4,5132,10am91c22acc/io2no0umte1np3nta.ianrengdcetpo(r$$a41c,26ti0kc9)e,8a1nf7odfrobraa2fd0f1idl2iae/2tb0iot1n3e.xpfeeensdit(u$r3e0ikn)c, ucrroDBenoudasriur(nd$lgt1Mat5nhekece)y.t2in0fg1es3e/s14 ($17k), computer and website
year the Board met on 12 occasions a
de52ig.,t,(6u4o$0r0l3fe240o,ik9nop)iwiSc7c,nnneouu4teCHratccmrar.rbprlsoroeooeetsTerpidneueauccoihdnasuvrsrntesipuir(srcepsoe$elileenradcttu1dauaiedriso5tngeentnwknyotdtecxxiyo)lonyy.pep($rp$gteaee4ahapfra3r4epnnee.orrl3el9pitvssonoTCsk,eoeec2drhl)inhaussn3ui(suwtyb$ot2eiieeoe1.nilwedneaa7tcroanscrkeCros)rei,oft8nie$nthammccha2cceasoro,ersmae5enuemneia8rnduadpesds1plnsreywe,u1beii5cmdts6byda3eoStuytaa7rfo($ieof$.rcf$t1ayno1$i1tEtan5soo94r5ndl,eMk135tf1crua$),9,waa7h.0ls2fm0nna1ei7o,la6nc5be8ctneg1gsamowee5istfmcrdbe,kfoh4,eoeir9cpermh2tssahpreeadirnetcdoreptaorseevp.iPPTPorehuGMWvesricroifbiyoGgubeluhlsolaeitrwrey.ienTaghriB.sowGareadnsM911el01arearmgl ebrleeyrpsdawuireesreto($el1eig7xitkbe)MElenRsatLoionvebdeeainttse
The following Board Members were eligible to atte
