1.1 Director Profiles
John Murray OAM Chairman
Member since 1962 | Joined the Board in 1981
John's impactful journey encompasses various roles, including being a former company Director and Councillor, serving the community of Camden. His commitment to charity and the betterment of society shines through his endeavours as a retired RFS volunteer, charity fundraiser, and farmer. In recognition of his exceptional dedication, John has been honoured as a Life Member of the Club and has been the Chairman of the Club since 2006.
Richard Phillips Director
Member since 1971 | Joined the Board in 1981
Richard, a highly accomplished retired businessman, has been a part of the Club since 1971. He is passionate about sports, particularly snooker and squash. Richard's unwavering dedication to the Club's sporting endeavours is exemplified by his notable roles within the organisation. From 1986 to 2013, he served as the Sports Committee Chairman, and from 2006-2019 as Vice-President. He is also a Life Member of the Club.
Member since 1993 | Joined the Board in 2006
Vern served as a Senior Industrial Advocate for the Australian Workers Union for over four decades, where he played a pivotal role in safeguarding the rights and interests of workers. Presently, he leverages his extensive expertise as a consultant in employment law. Beyond his professional accomplishments, Vern is an avid sports enthusiast, with a particular passion for cricket, especially at junior levels. Vern was made a Life Member of Bankstown Sports Club in 2016.
Carolyn Campbell Director
Member since 2004 Joined the Board in 2019
Carolyn Campbell, CEO of Scouts NSW, has dedicated her life to the administration of sport in Australia, holding multiple key positions within the industry. She is a Director of NSW Rugby League and Volleyball Australia. Carolyn's commitment extends to hockey as the Chair of Hockey One and Secretary of the Norwest Strikers Hockey Club. Carolyn's passion, tireless efforts, and exceptional leadership have made a lasting impact on Australian sports.
Jim Hanna Director Member since 2004 Joined the Board in 2015
Jim, a Company Director, has vast experience in property development and construction. He's a registered solicitor and member of the Law Society of NSW and AICD. With a background as a long-term Commonwealth public servant, Jim's diverse expertise is highly valuable. Since 2011, he has served on the Board of Bankstown City Aged Care. Beyond his profession, Jim enjoys watching local cricket and rugby league.
Martin Klumpp Director Member since 1993 | Joined the Board in 2013
Marty is a former HR and change management consultant in the banking industry, with experience in both the notfor-profit sector and NSW government. He has been a dedicated volunteer at Bankstown District Cricket Club for over 40 years and is passionate about cycling, actively participating as a member of the Bankstown Sports Cycling Club.
Jim Ronis Director
Member since 1965 | Joined the Board in 2005
With a lengthy and prosperous real estate career, Jim continues as a consultant for Ronis Real Estate in Bankstown. He helped to establish the Hellenic Lions Club and was a long serving member of the APEX Club of Bankstown. Jim actively collaborates with the Saint Lavra Association, aiding migrant resettlement in Australia. He served on the board of Soccer NSW (now Football NSW) and is a life member of Football NSW, Canterbury Marrickville Soccer Club, and Bankstown Sports.
Clare Pearson CEO, of Little Wings Charity Member since 2020 Board Appointed 2021-2024 CEO, of Little Wings Charity, Clare has dedicated her career to the not-for-profit sector, fulfilling roles in the anti-human trafficking and disability industries. Clare is a qualified psychologist, specialising in the critical field of child and adolescent welfare. Clare's passion for advocacy and storytelling has led her to author a book titled "Threads of Hope," a powerful testament that celebrates the lives of human trafficking survivors.
Vernon Falconer Director
1.2 Chairman’s Report
To Our Valued Members,
It gives me great pleasure to bring you the Bankstown Sports Group 2023-24 Annual Report after a fantastic year of trade, and some wonderful achievements in our community over the past 12 months.
I would like to begin by stating how proud I am that as a group, we have been able to contribute $4,287,241 in contributions to local sporting clubs and community groups, through ClubGRANTS and additional funding channels.
We have done some wonderful work in the family and domestic violence space, working with ReLove to support families and individuals who need to leave their homes and begin new lives.
Our partnership with Bankstown-Lidcombe Hospital has continued with record funding for our Nurses, Midwives and Allied Health Professionals Scholarships program, assisting them in their clinical specialities. We also supported the Fair
Fight Foundation with funding for their SuperTee program.
A highlight of the year for me was the ClubsNSW Clubs & Community Awards, held in June. We submitted six strong entries, and we received recognition with two Highly Commended awards in the categories of Fostering Grassroots Sport and Heart of the Community.
As always, our commitment to grassroots sport has continued with $2,280,160 in funding for 37 sporting clubs.
I’m extremely proud that our club has been able to contribute to the upgrades to Memorial Oval in Bankstown, which are now complete. Thousands of players will benefit from the new facilities and amenities in the years to come, and I truly believe it is now one of the best local sporting grounds in NSW.
Over the past 12 months, we have extended our commitment to social inclusion in our community, supporting Disability Sports Australia programs, All Abilities Touch, and the What Ability Foundation.
And we’ve celebrated some wonderful achievements by local female athletes including Jess Hull and Eleanor Patterson from the Bankstown Sports Athletics Club, who qualified for the Paris Olympics, former Bankstown Sports Swimming Club member Bec Rippon, who was appointed head coach of Australian Women’s Water Polo, and Yasmine Bella-Younes from the swimming club who competed at the World Para Series in Melbourne.
I’ve kept a close eye on the developments at Bankstown Golf Club since our amalgamation and it’s been great to witness the positive changes both within the venue, and on the course. I remember caddying on those fairways when I was a child and to see it stand the test of time and become the popular venue it is today, is truly remarkable.
On a personal note, I would like to congratulate CEO Michael Clancy who is celebrating 25 years of service with the Bankstown Sports Group in 2024. Michael began his career with our organisation as the Venue Manager at The Velodrome and the Handle Bar Tavern after the Sydney Olympics, and I’ve watched him work his way up through the ranks, to become the leader he is today. His no-nonsense approach to business combined with his deep love for our clubs, has earned him the respect of the Board of Directors, his industry peers, and the employees who work with him.
I would like to take this opportunity to thank and farewell Clare Pearson who has decided to step down from our board, to focus on growing the Little Wings charity, where she is the CEO. Clare provided first-hand insight into the not-for-profit sector and enhanced the way our clubs engage with community groups in our area. I thank Clare for her hard work and dedication to our
organisation and wish her all the best with her future endeavours.
To our wonderful team of employees at all our venues – thank you. Your commitment and passion to customer service is what drives the board of directors and I to look at new initiatives to grow our clubs and extend our commitment to our community.
To Michael and the Executive Team, I congratulate you on another fantastic year. Thank you for the care, consideration, and dedication to our business and our clubs, and I look forward to working with you for many more years to come.
And finally, to our members and guests, I am truly grateful for your ongoing support and the faith you have in my fellow directors and I to manage your club. You are the reason we exist.
– John Murray
1.3 CEO's Report
What a remarkable year 2023-24 has been for the Bankstown Sports Group.
We began the year strong, building on the success of our outstanding trading results in FY 2022-23. This allowed us to upgrade facilities across many of our venues, enhance our food and beverage offerings, and deepen our support for our sporting clubs and charity partners.
A key focus this past year has been responsible gambling reforms. We embraced the ClubsNSW Gaming Code of Practice. In February 2024, we initiated the rollout of Responsible Gaming Officers across all our gaming floors, training 140 staff members. They were operational by June 1st, well ahead of the mandatory July 1st deadline.
In addition, we developed a master plan for Bankstown Golf Club through focus groups with members and guests, gathering input on their ideal future experience.
One of the first changes was an overhaul of catering. Inspired by La Piazza at Bankstown Sports, we launched The Italian Bistro, which has been warmly received. Led by former La Piazza manager Mario Libertini, the team there is thriving, and I look forward to its continued success.
We also completed significant upgrades to the golf course to enhance the playing experience for our members and all players who enjoy our course.
Further improvements were made at our other venues. The East Terrace expansion at Bankstown Sports Club opened in July 2023, and we refreshed the Rainforest Lounge with new carpet, furniture, and a big screen on the stage. We completed the major Mona Foyer upgrade and made enhancements to the Cornerstone Café and we'll also be refreshing La Piazza's vergola and upgrading our event spaces.
We continued to expand our culinary offerings with the launch of Sushi Izu and Xing Yan, an exciting new Asian restaurant. In the months ahead, we will open Marrow and Co, a steakhouse located in the historic train carriages.
At The Acres Club, rebuilt the kitchen and cafe area and welcomed Mike’s Grill as the new caterer, serving a range of steaks, pizzas, ribs, seafood, and classic club favourites, we have also commenced work on the outdoor space at The Acres Club with new basketball and handball courts, and a play area for young children.
Mike’s Grill also opened at Baulkham Hills Sports Club in June, and we anticipate replicating its success there.
We’ve also continued our commitment to sustainability, installing EV charging stations in the Bankstown Sports car park.
Our diversification strategy remains central to our long-term vision we continue to see strong performance from our business portfolio, including ClubCo and Flinders Centre.
Our Flinders Centre tenants align with our mission of making a positive impact in the community. For example, Bankstown Heart provided free heart health checks to our members, contributing to our shared goal of community well-being.
As we close FY 2023-24, the Bankstown Sports Group is in a robust position. With 178,000 members and over $150M in revenue, we are excited to reinvest these resources back into our clubs and community.
Looking ahead, we anticipate more exciting developments with new restaurants opening in late 2024, upgraded event spaces designed with client needs in mind, and continued opportunities to serve and support our community.
Supporting grassroots sports and local community organisations has always been central to our mission. I am incredibly proud of our contribution of $4,287,241 this year to 37 sporting clubs and numerous local not-forprofit organisations, reinforcing our ongoing commitment to our community.
Bankstown Sports Club Life Members
I want to take this opportunity to express my gratitude to Clare Pearson, who is moving on from her role as Director. I wish her the best in her future endeavors, particularly with Little Wings who remain one of our charity partners.
I also want to recognise Steve Cavanagh for his remarkable 37 years of service. Steve has been an integral part of our team since 1987, and his contributions, especially as our beloved Operations Support Manager, have been invaluable. As he enters retirement, I wish him happiness and fulfillment with his family.
Lastly, I extend my deepest thanks to the Board for their unwavering commitment, to our staff for their dedication, and to our members – who are the heart of our clubs.
Thank you.
– Michael Clancy
Acknowledging our
John Murray
Jim Ronis
Richard Phillips
Vernon F Falconer
John Mackay
Janice Mackay
John S Phillips
Tony Stewart
Mark C Condi
Sport and Community
2.0
In December 2023, Little Wings reached out to Bankstown Sports about a family from the town of Hay in regional NSW, that they have been supporting for two years. The family has three children – two of whom require regular treatment at Westmead Children’s Hospital.
In the lead up to Christmas, the family realised they wouldn’t be able to afford presents for their children and reached out for support.
Bankstown Sports donated gifts, to ensure all three children had something to open on Christmas Day.
Bankstown-Lidcombe Hospital
Nurses, midwives and allied health professionals
In 2023, Bankstown Sports Club contributed $80,000 in funding towards scholarships for dozens of nurses, midwives and allied health staff at Bankstown-Lidcombe Hospital, to assist them in developing their proficiencies within their clinical specialties.
This is the 18th year Bankstown Sports Club has supported the nurses and midwives in this wonderful initiative, and the 2nd year with the allied health education scholarship program.
Urology Department
We extended our support to the hospital in 2023 with a financial contribution to the Urology Department.
Our Club contributed $100,000 towards the purchase of a LISA Laser Machine for the Urology Department at the hospital. This machine is a medical device used primarily in urological procedures, particularly in the treatment of conditions such as enlarged prostate and the treatment of large stones. It utilises high-powered laser technology to precisely remove excess prostate tissue or stone material.
In February 2024, the Bankstown Sports Group welcomed more than 100 representatives from our local community partners to Lady Banks Rooftop, to thank them for their hard work and dedication and to celebrate the incredible year that was 2023.
This event was the first of its kind hosted by Bankstown Sports Club and allowed over 40 community groups to come together to network and celebrate their achievements.
Our Community
ReLove
ReLove is a registered charity that collects pre-loved, seconds and surplus furniture from businesses and the community, cleans them up, and re-distributes these items at no cost, direct to families and individuals in crisis, so they can furnish a home and get back on their feet.
Financial Support
In 2023, Bankstown Sports contributed $50,000 to support the organisation to continue to do the valuable work they do within the Canterbury-Bankstown community.
This funding went towards warehouse operational costs, staffing costs, fuel and tolls for delivery trucks, insurance, and other consumables.
Furniture Donation
Bankstown Sports donated truckloads of pre-loved furniture and hundreds of sets of plates to ReLove, to assist their clients with their home set-ups.
Staff Volunteering
On three occasions, our team has helped to organise and prepare items that are collected from ReLove’s corporate and community partners. They have assisted families in the warehouse and helped them choose items for their new homes, before going out to their homes to help set them up. On average, we have had 40 staff members volunteer and there are plans to continue with regular visits.
“Our aim is to make the transition into housing as stress-free as possible. When we help someone, they come in and choose everything they need. We’ve set it (the warehouse) up so it’s a sleep, live, dine, eat, homewares section, and it feels like a mini-IKEA”
– Co-founder Ren Fernando
CatholicCare
CatholicCare is the social services agency of the Archdiocese of Sydney and works with the community to build a society in which every individual feels valued and supported. They provide care for the most vulnerable and rely on community contributions to deliver their projects.
BariStars
This initiative provides professional barista training and employment opportunities for people with disabilities.
Through ClubGRANTS, Bankstown Sports has provided a mobile coffee cart, coffee machine, and a grinder, for training purposes so each participant in the BariStars program can learn to prepare drinks, work with a professional-standard coffee machines, and serve customers.
HOPE Program
In 2023-24, Bankstown Sports Club contributed $23,500 to the HOPE Program, which helps at-risk young women with babies and young children.
The program aims to provide participants with the support they need to heal from trauma, build their parenting skills and create a nurturing and safe home environment, while also assisting them to make positive choices for their future.
Toy Drive
For roughly 30 years, Brian ‘Dubba’ Grey has been fundraising for sick children at the Westmead Hospital Oncology Ward, organising regular raffles with his fellow bowlers at Bankstown Bowls Club, and even contributing his own funds for the purchase of specialist medical equipment.
Every year at Christmas, he also organises a Toy Drive for kids who will be spending the festive season in hospital.
In 2023, Bankstown Sports Club decided to back Dubba’s campaign and organised a toy drive at all our venues, which amounted to over 600 toys being donated.
Beyond the Badge
Beyond the Badge is a not-for-profit organisation supporting first responders and Veterans across Australia, who need support navigating through a career transition.
Bankstown Sports provided $22,500 in funding for a Career Transition Program for marginalised first responders. The Club also provided room hire, AV set up and catering through ClubGRANTS, which means there was no out-ofpocket cost for them.
Raise Foundation
The Raise Foundation offers early intervention, evidencebased mentoring programs for disengaged young people in high schools, to help them shape a purposeful life.
In 2023, Bankstown Sports was approached about supporting a mentoring program at Canterbury Girls High School, and we jumped at the chance!
Our funding enabled Raise to deliver a 23-week in-person course, providing positive outcomes for students in the areas of resilience, coping skills, confidence, help-seeking, goal setting, educational engagement, and hope for the future – which acts as a buffer against suicidal ideation.
Supertee
In 2023, Bankstown Sports supported the Fair Fight Foundation with $20,000 for their Supertee program which provides families and children at local hospitals with a special medical garment to make their treatment a little easier to get through.
The Supertee is an updated version of the traditional hospital gown, especially designed for children. Its unique and innovative design allows doctors, nurses and parents to bypass medical links for easier access to change dressings and provide care, without causing too much discomfort for the patient.
The garments are designed in superhero themes to celebrate the true heroism of sick kids and encourage imaginative play.
$2.28M Contributed between FY2023-24
2.2 Sport
Women in Sport
In 2023-24, Bankstown Sports celebrated some wonderful achievements by our female athletes:
Yasmine-Bella Younes Bankstown Sports Swimming Club, competed at the World Para Series in Melbourne.
Jessica Hull and Eleanor Patterson Bankstown Sports Athletics Club, qualify for Paris Olympics.
Alina Hawron Baulkham Hills Baseball Club, debuted for the Open Women’s NSW Team as Pitcher in the Australian Women’s Baseball Championships.
Bec Rippon former Bankstown Sports Swimming Club member, appointed Head Coach of Australian Women’s Water Polo.
Bankstown Sports Women’s Cricket Club finished 8th in the NSW Women’s Premier Cricket Club Championship standings for the 2023-24 season.
Abilities Unleashed
Disability Sports Australia recently facilitated an All-Abilities Program for 134 local participants at the Bankstown Basketball Stadium, thanks to support from Bankstown Basketball Association and Bankstown Sports Club. The “Abilities Unleashed” program, held on June 19, provides an inclusive sporting opportunity for individuals with a disability, in a safe and supportive environment.
Bankstown Sports provided funding to support the delivery of two events in 2024, providing specialised equipment, coaching, and facility hire.
Bankstown District Amateur Football Association
Bankstown District Amateur Football Association (BDAFA) is the home of football (soccer) for three associated Bankstown Sports Network sporting clubs – Birrong Sports Football Club, Bankstown Sports Strikers Football Club and Bankstown Sports Stars Football Club.
Recently, Bankstown Sports supported the association with $9,600 to give 96 local coaches and parents the opportunity to attend a free ‘Foundations of Football’ coaching development course to enhance their skills.
Bankstown Sports’ commitment to football clubs was above $100k this past year, with over 3,000 participants supported through the ClubGRANTS scheme.
All Abilities Touch
In October 2023, Bankstown Sports Touch launched a new program in conjunction with Touch Football NSW, focusing on inclusion and community.
The All Abilities Touch Football Program provides the opportunity for people with intellectual and/or physical impairments to learn Touch skills, and play the sport with their family members, carers, friends, elite footy players, and the wider community.
What Ability Foundation
The What Ability Foundation is a charity founded by former NRL player Steve Dresler, to fund and facilitate fun and exciting experiences for people living with a disability or diminished capacity across Australia.
In August 2023, the Bankstown Sports Group provided $10,000 in funding to send several individuals in the Canterbury-Bankstown area on various experiences and excursions.
The funds also went towards a special day out at Entertainment Park in Milperra where families had a chance to take part in go-karting, bowling, and arcade games. They also got to meet some of their favourite athletes including captains from the NSW Swifts, Sydney Swans AFLW, and Rugby Australia.
Bankstown Cricket
For the past 65 years, Bankstown Sports and Bankstown District Cricket Club have been intertwined through the history of foundation and ongoing support.
This past year, the Cricket Club started renovations on the Steve and Mark Waugh Pavilion, refurbishing the change rooms and giving the exterior a fresh coat of paint to revitalise the building.
Bankstown Sports increased their annual support to cricket in the local area with over $200,000 going to men’s, women’s and junior cricket this past year.
The Club was also recognised with a “Highly Commended” at the ClubsNSW Clubs & Community Awards for their ongoing commitment to local cricket.
Bec Rippon Alina Hawron
Yasmine-Bella Younes
Bankstown
3.0
178,471
51,247
1,849,196
200,000L
3.2 Internal Venues
Greenfield Station Bistro Lady Banks
150,000
Guests visited this year
22,342 OF WHICH WERE 'PRETTY IN PINK'
4,359
To those guests we served:
25,000 Buffet breakfasts
7,000 Chicken schnitzels
200,000+
11,000 Roasts
100,000 Pizzas
70,000 Plates of pasta
3.3 External Venues
Bankstown Golf Club
Fairway Drainage Works
As part of a joint funding arrangement with the state government, drainage works were completed during 2023-24 to clear water from the course more efficiently, meaning members and guests of the Club can get back onto the course within days of heavy events.
The Italian Bistro
After 14 successful years at Birrong Sports Club, The Italian Bistro expanded to open another restaurant at Bankstown Golf Club in April 2024.
Offering authentic Italian flare, it’s already a hit with Members and guests!
Club Highlights
Bankstown Golf Club hosted 55,000 rounds of golf in 2023-24
Meet Braxton Burrough the youngest member of Bankstown Golf Club
In 2022, the 4-year-old joined the club after mum and dad saw potential in his ability. And they would know… his dad happens to be Bankstown Golf Club’s Golf Coach, John Burrough.
Braxton says his favourite thing about being a member of the golf club is being able to play with his mum and dad.
“And to ride the golf cart!"
The Acres Club
Mikes Grill
In December 2023, The Acres Club renovated its kitchen and Mike's Grill was introduced as the new caterer.
Mike has 20 years of experience in the restaurant industry and his food offers great variety and value to our members and guests.
Outdoor Deck
In May 2024, the Club began the next stage of development in a redesign of the outdoor deck and kids play area.
The concept will see a running track, handball and basketball courts built, alongside a play space for 2-5 year-olds.
Baulkham Hills Sports
In June 2024, Mike’s Grill expanded into Baulkham Hills Sports Club bringing the same delicious food and quality customer service to members and guests in the Hills Shire.
25 bookings each month in our Events Centre
Club Highlight
"The highlight of the past 12 months has been assisting with the club’s transition from an in-house operated kitchen to Mike’s Grill. Pairing a great food offering with our exclusive in-house promotions and activities has made for a great customer experience in the Hills area."
Sam Chan Venue Manager
Fact
3.3 External Venues
Bankstown Bowls
In February 2024, Bankstown Bowls introduced a new caterer – Club Grill by Rocky – which offers a casual dining experience with a familyfriendly vibe, and serves high-quality, classic pub fare.
In the first half of 2024, the Club also began preparations for a return to Barefoot Bowls in the summer of 2024-25, with some cosmetic upgrades to the outdoor space.
Auburn Tennis Club
Mojo began his career with the Bankstown Sports Group in 2017 when he began working at Bankstown Bowls as a chef.
In 2019, he moved to Basement Brewhouse and Greenfield Station
Bistro at Bankstown Sports until the
COVID pandemic forced the closure of our venues.
During those shutdowns, Mojo spent some time at The Acres Club to work on a food truck offering, before moving to Auburn Tennis Club, where he has been the Head Chef since 2020.
Chicken Schnitzel’s served since Club Grill opened in February 2024 48,374 Schooners of beer sold:
Birrong Sports Club
The Italian Bistro sold 22,000 pizzas throughout the year with BBQ Meat Lovers being the crowd favourite.
Our number one beverage for the 2024 was Great Northern.
We have approx. 80 social bowlers playing Tuesday, Thursday and Saturday.
Club Highlights
"My highlight for the last year was the season launch we held for Birrong Football Club, Birrong Netball Club and Bankstown Swimming Club on 9 March 2024, which brought together the local clubs to celebrate the start of their upcoming season with family and friends.
It was a great success with a large turnout from everyone involved."
Adam Green Venue Manager
Responsible Gaming
4.0
Review
In July 2023, ClubsNSW introduced a revised Code of Practice for Gambling. As a result, the Bankstown Sports Group has rolled out the following initiatives.
• 3-hour gaming session welfare checks.
• An in-house pager system alerting management to 3-hour continuous gaming play.
• New brochure on responsible gambling which includes information about the new online application for self-exclusion, which allows an individual to ban themselves without having to go to the venue.
• Ongoing education and training on compliance for our gaming team.
In 2023, we
have...
01
Carried out in-person welfare checks on gaming patrons and additional welfare checks via phone calls, to ensure all members know support is available to them 02 Assisted family members to make applications for third party exclusions
The Future Looks Bright
From 1 July 2024, new gaming regulations will be introduced to pubs and clubs in a bid to better identify problem gambling and assist those who have a gambling addiction.
To prepare for this, we are:
• Training Responsible Gaming Officers in Advanced RCG (so far, 159 staff have completed the course)
• Preparing a Gaming Plan of Management which will be used to assist gaming regulators, police, and compliance officers from Liquor & Gaming
• Introducing welfare checks for members who register long periods on a gaming machine
• Implementing the staffing of at least three Responsible Gaming Officers on the gaming floor at all times when gaming machines are operational. During busy periods, the Club will have five Responsible Gaming Officers (RGOs) on the gaming floor.
We're All In This Together
03 Guided members through the selfexclusion system
04 Educated and trained our staff to be proactive on our gaming floors to identify and assist patrons who may be experiencing gambling harm Bankstown Sports Group was chosen to launch the ClubsNSW online self-exclusion initiative alongside ClubsNSW CEO Rebecca Riant and ClubsNSW ambassador Nathan Hindmarsh.
Quenten Roberts is our Senior Responsible Gambling Officer who is driving Bankstown Sports’ Responsible Gambling program. His role is to implement legislative and industry body recommendations and to ensure our entire business is aligned in our responsible gambling approach.
Quenten Roberts
Environmental & Social Governance
5.0
5.1 Overview
“Champion Responsibility, Embrace Sustainability, Strengthen Community”
Our vision is to establish a clear and progressive strategy that enables us to continue to support our community, encourage environmental responsibility and promote sustainability initiatives. This strategy will be supported by a robust, risk-conscious and ethical corporate governance framework.
Our T.R.U.S.T. Framework
Thoughtful Interventions that help real people
Responsibility to our Community
Unify to support diversity and inclusivity
Sustainability and environmental resilience
Trust and integrity as a business
Future Bankstown Sports remains committed to adopting the International Sustainability Standards Board (ISSB) standards when they become applicable for us in 2027.
Our commitment to ‘Making a Difference’ in our community extends to taking direct action to drive a positive influence that supports Environmental, Social and Corporate Governance (ESG) initiatives.
Environment and Sustainability Pillars
Operational Efficiencies
Energy, Water, Waste and Pollution management
Supporting Local Communities Local sourcing and ethical supply chain processes Future-Proof with Renewable Technology
Sustainability, renewables and clean technology
Empowering Green Futures
Identifying climate change vulnerabilities and strengthening environmental resilience
5.2 Environment & Sustainability
207,360
23,400
5.3 Social Responsibility5.4 Corporate Governance
Social Responsibility Goals
Community Support and Social Responsibility
• Ensuring the Club's core values and business practices centre around 'Making a Difference' in our community
• Supporting multiple community initiatives
• Championing local projects and local community leaders
• Partnering with local clubs and groups to support their operational, governance and resourcing needs
• Supporting grassroots sports clubs, projects and initiatives
• Implementing venue accessibility and inclusive venue design elements into our facilities
• Improving pedestrian connections to public transport
Harm minimisation
• Implementing robust and proactive harm identification, harm minimisation and responsible action policies, processes and procedures
• Ensuring internal resources are in place to specifically address harm minimisation initiatives and support those in need
• Supporting and promoting external harm minimisation initiatives and resources
• Reporting on harm minimisation and ethical responsibility initiatives
• Implementing Modern Slavery processes and initiatives
Our People Diversity, Equality and Inclusivity
• Implementing policies and procedures that support and promote diversity and inclusivity
• Ensuring equal and fair workplace rights and opportunities are afforded to all
• Supporting our people in times of need without prejudice
Our Workplace Health, Safety and Human Rights
• Implementing a robust contractor management process, including a Supplier Charter outlining expectations and standards of behaviour and operation
• Implementing a work, health and safety management system with accessible reporting, transparency and continuous improvement review processes integrated into its function
• Ensuring safe and compliant working conditions and labour standards are met and afforded to our people
• Ensuring free, confidential and accessible wellbeing and psychosocial support is available for our team members
• Affording training and development opportunities to build the skills and resilience of our people
• Ensuring tender processes and contractual arrangements include WHS, Modern Slavery and Human Rights provisions
Corporate Governance
Governance and ProbityPolicies, Procedures and Ethical Decision Making
Risk Management and Mitigation
Continuous ImprovementAuditing and Analyses
Emerging Technologies and Emerging Risks
Stats of what we’ve done in the Corporate Governance space
In FY 2023-24, we introduced an executive-driven Governance and Risk Management Strategy with a 3-year roadmap, enabling us to continue to support our community, encourage environmental responsibility, and promote sustainability initiatives.
This is in addition to our already robust Risk Management and Corporate Governance structure which includes key policies and procedures.
Compliance and auditing 1234
Risk management
Work, health and safety management
Ethical governance and corporate accountability
Positive, ethical and responsible gaming practices
Data privacy and IT protection
Our People
6.0
6.1 Our Members
When you become a Member at Bankstown Sports, you gain access to a wide range of benefits. From discounts on dining and drinks to exclusive invitations to special events, our Membership program is designed to offer something for everyone.
A couple of the most popular rewards our members have enjoyed are:
250,000
Net Promoter Score (NPS)
The NPS is a way to determine how likely someone is to recommend a product or service to another person thereby indicating their level of loyalty and likelihood of ‘telling a friend’ about Bankstown Sports Group. The survey participant is asked to rate the likelihood of recommending Bankstown Sports and/or External Venues from 1-10, 10 being the highest likelihood, these results are then used to calculate the NPS. The maximum score achievable is 100 and the lowest score -100.
447,270 App logins 11,260 New App downloads
Bankstown Sports is in the process of developing a new Member App that will offer additional rewards and a points breakdown.
28,905
Total number of Members entered The Ultimate Members Draw.
845 New Members
32% increase in Membership in comparison to the same period in 2023.
36,287 Visitation
17% increase in visitation in comparison to the same period in 2023.
Number of times Members used the kiosk to check their points or enter a promotion.
437,204 Member kiosks usage
•
and back-ofhouse roles for FY24
• Launch of Capability Framework Better alignment and clarity of Club expectations for team members to be successful.
itself
and development
the
7.0
Directors' Report
30 June 2024
The directors present their report, together with the consolidated financial statements of the Group, being the Company and its controlled entities, for the financial year ended 30 June 2024.
Information on directors
The names of the directors in office at any time during, or since the end of, the year are:
Name Occupation Years on Board Appointed / Resigned
FALCONER, Vernon Frederick Consultant 18
HANNA, Jim Company Director 9
KLUMPP, Martin OAM Consultant 10
MURRAY, John OAM Retired (Chair) 44
PHILLIPS, Richard Retired 43
RONIS, Jim Consultant 19
CAMPBELL, Carolyn Company CEO 5
PEARSON, Clare Company CEO 3 Resigned 9 April 2024
Directors have been in office since the start of the financial year to the date of this report unless otherwise stated.
Company secretary
The Company Secretary at the end of the financial year is Mr Michael Clancy (CEO). Mr Michael Clancy has been the Company Secretary since 11 August 2022.
Principal activities
The principal activities of the Club during the course of the financial year were the promotion of sport and games and the operation of a Licensed Club.
No significant change in the nature of these activities occurred during the year.
Objectives
The short and long term objectives of the Group are to continue to provide the very best facilities for its members and guests, support and foster sport in the local area and provide a high level of financial support to community organisations. These objectives also include the diversification of income streams and to lessen the reliance on gaming revenue.
Measurement of Success
The following measures are used within the Group to monitor performance:
The Company measures financial and operation performance by:
Benchmarking to industry standards
Profitability
Cashflow
Trading versus Budget
Using gross profit and wage cost ratios
Return on capital employed
Patron visitations
Bankstown District Sports Club Limited
Directors'
Report
30 June 2024
Members' guarantee
Bankstown District Sports Club Limited is a company limited by guarantee without share capital. The number of members as of 30 June 2024 was 178,471 (2023: 141,459).
Operating Results
The Net Surplus after Tax and Objectives for the year ended 30 June 2024 amounted to $16,983,789 (2023: $38,904,371), which included the gain on amalgamation of $Nil (2023: $19,958,496). This surplus is after including, depreciation and impairment of non-current assets $13,407,688 (2023: $13,070,913) and income tax expense of $114,860 (2023: benefit of $92,700).
Significant changes in state of affairs
There have been no significant changes in the state of affairs of entities in the Group during the year.
Meetings of directors
During the financial year, 11 meetings of directors (including committees of directors) were held. Attendances by each director during the year were as follows:
FALCONER, Vernon Frederick 11 11
HANNA, Jim 11 1
KLUMPP, Martin OAM 11 11
MURRAY, John OAM 11 10
PHILLIPS, Richard 11 10
RONIS, Jim 11
CAMPBELL, Carolyn 11 11
PEARSON, Clare 9 8
Core property disclosure
Section 41E of the Registered Clubs Amendment Act 2006 requires Bankstown District Sports Club to nominate its core and non core property assets.
Core property assets are: 8 Greenfield Parade, Bankstown 11 Renown Road, Baulkham Hills 231 Roberts Road, Greenacre 181 Chisholm Road, Auburn. 41 Northam Avenue, Bankstown 70 Ashford Avenue, Milperra
30 June 2024
property disclosure (continued)
Auditor's independence declaration
The lead auditor's independence declaration in accordance with section 307C of the Corporations Act 2001, for the year ended 30 June 2024 has been received and can be found on page 4 of the consolidated financial report. Signed in accordance with a resolution of the Board of Directors:
Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Year Ended 30
Consolidated Statement of Financial Position
Consolidated Statement of Changes in Equity
For the Year Ended 30
Consolidated Statement of Cash Flows
Notes to the Financial Statements
For the Year Ended 30 June 2024
The consolidated financial report covers Bankstown District Sports Club Limited and its controlled entities ('the Group').
The Club is incorporated and domiciled in Australia as a Company limited by guarantee. In accordance with the Constitution of the Club, every member of the Club undertakes to contribute an amount to $4 per member in the event of the winding up of the Club during the time that he or she is a member or within one year thereafter. The nature of the operations and principal activities of the Club are described in the directors’ report.
Each of the entities within the Group prepare their financia statements based on the currency of the primary economic environment in which the entity operates (functional currency). The consolidated financial statements are presented in Australian dollars which is the parent entity’s functional and presentation currency.
1Basis of Preparation
The financial statements are general purpose financial statements that have been prepared in accordance with the Australian Accounting Standards - Simplified Disclosures and the Corporations Act 2001. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in a financial report containing relevant and reliable information about transactions, events, and conditions to which they apply.
Material accounting policies adopted in the preparation of this financial report are presented below and they have been consistently applied unless otherwise stated. Except for cash flow information, the financial statements have been prepared on an accrual basis and are based on historical costs, modified where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities.
This financial report has been prepared under the Going Concern concept.
2Material Accounting Policy Information
(a)Basis for consolidation
The consolidated financial statements include the financial position and performance of controlled entities from the date on which control is obtained until the date that control is lost. Intragroup assets, liabilities, equity, income, expenses and cashflows relating to transactions between entities in the consolidated entity have been eliminated in full for the purpose of these financial statements.
As Bankstown District Sports Club Limited owns 100% of issued share capital of BDSC Agencies Pty Limited, BDSC Properties Pty Limited, Flinders Centre Properties Pty Ltd, Facility Services Pty Ltd, Eleon Pty Ltd, Athlitikos Pty Ltd, Clairemont Properties Pty Ltd, Doontkare Pty Ltd and Bandour Greenfield Pty Ltd, it is considered that Bankstown District Sports Club Limited has total control over the just mentioned entities.
(b)Income tax
In accordance with the concept of mutuality, income tax is liable on income derived from non-members and other parties. The charge for current income tax is based on the surplus for the year, adjusted for any non? assessable or disallowed items. It is calculated using the tax rates that have been enacted at the balance sheet date. Deferred tax is accounted for using the balance sheet liability method in respect of temporary differences arising between the tax base of assets and liabilities and their carrying amounts in the financial statements. No deferred tax will be recognised from the initial recognition of an asset or liability, excluding a business combination, where there is no effect on accounting, or taxable profit or loss.
Bankstown District Sports Club Limited
Notes to the Financial Statements
For the Year Ended 30 June 2024
2Material Accounting Policy Information (continued)
(b)Income tax (continued)
Deferred tax liability is calculated at the tax rates they are expected to apply in the period when an asset is realised or a liability is settled. Deferred tax is credited in the income statement, except where it relates to items that may be credited to equity, in which case the deferred tax is adjusted against equity.
Deferred tax assets are recognised to the extent that it is probable that future tax profit will be available against which deductible temporary differences can be utilised. The amount of benefits brought to account, or which may be realised in the future, is based on the assumption that no adverse change will occur in income tax legislation and the anticipation that the economic entity will derive sufficient future assessable income to enable the benefit to be realised and comply with conditions of deductibility imposed by the law.
(c)Revenue and other income
Trading revenue is recognised upon the delivery of goods and services to customers. Interest revenue is recognised at the earliest of receipt or being due and receivable. The profit and loss on disposal of assets is brought to account at the date an unconditional contract comes into being. Australian Accounting Standard AASB 15 Revenue from Contracts with Customers has been fully applied.
Rental income is brought to account
i.when it’s received or it is receivable, or
ii.where a rent-free period is involved, the benefit of the entire lease is taken into account and is apportioned over the lease period, or
iii.upfront receipt in relation to a signed lease is brought to account as income, over the lease period.
(d)Employee benefits
Provision is made for the company’s liability for employee benefits arising from services rendered by employees to the end of the reporting period. Employee provisions that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee provisions payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those benefits. In determining the liability, consideration is given to employee’s wage increases and the probability that the employee may not satisfy vesting requirements. Those cash outflows are discounted using market yields on national government bonds with terms to maturity that match the expected timing of cash flows attributable to employee provisions.
(e)Cash and cash equivalents
Cash and cash equivalents comprises cash on hand, demand deposits and short-term investments which are readily convertible to known amounts of cash and subject to an insignificant risk of change in value.
Notes to the Financial Statements
For the Year Ended 30 June 2024
2Material Accounting Policy Information (continued)
(f)Property, plant and equipment
i.Property, Plant and Equipment are brought to account at cost, less where applicable, any accumulated depreciation. The carrying amount of property, plant and equipment is reviewed annually by Directors to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is assessed on the basis of the expected net cash flows, which will be received from the assets employment and subsequent disposal.
ii.Buildings are depreciated on a straight line basis, whereas all other depreciable assets are on a diminishing value basis over their estimated lives. Buildings on leasehold land are written off on the consideration of the remaining term of the lease, likelihood of the lease being renewed, and the present cash generation ability of the building.
iii.Land and buildings are revalued by a professional independent valuer every three years. That valuation is shown in note 8, forming part of the financial statements, but not the actual statement of financial position.
iv.In this year, as in previous years, the Company at 30 June 2024 has building works under construction. Advice is received annually from the Company’s quantity surveyors, Kinlay Grinham Casey Burne as to completed works and that are still under construction at 30 June 2024. The quantity surveyor further advises as to completed works in respect of dividing costs between buildings, plant and equipment and repairs.
v.When real estate is purchased, the acquisition cost is divided between land and buildings. The land value is determined by a recent Valuer Generals Valuation and the balance of the purchase price is allocated to buildings. If a property is acquired for possible redevelopment in the near to medium term, then the acquisition cost is directed to Land only.
vi.The potential capital gains tax on the disposal of applicable land and buildings and any other assets subject to capital gain tax has not been taken into account
Depreciation
The depreciation rates used for each class of depreciable asset are shown below:
At the end of each annual reporting period, the depreciation method, useful life and residual value of each asset is reviewed. Any revisions are accounted for prospectively as a change in estimate.
Gains and losses on disposal are determined by comparing proceeds with the carrying amount. These gains and losses are recognised in the profit and loss in the period in which they arise.
Bankstown District Sports Club Limited
Notes to the Financial Statements
For the Year Ended 30 June 2024
2Material Accounting Policy Information (continued)
(g)Intangibles - Poker Machine Entitlements
Poker machine entitlements are recognised at cost. The Directors believe that the value shown in respect of poker machine entitlements is based on an active market at 30 June 2024, and accordingly the values are not impaired, and as such, entitlements have an indefinite life and amortisation need not be considered. Each poker machine licence is an effective cash generating unit.
(h)Impairment of assets
At each reporting date the Company reviews the carrying value of its assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable of the assets, being the higher of the assets fair value less costs to sell, and value in use, is compared to its carrying value.
Any excess of the assets carrying value over its recoverable amount is expensed to the statement of profit or loss and other comprehensive income. Where it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the cash generating unit to which that asset belongs. The following impairment write offs were recorded:
The investment impairment was for ‘The Acre Restaurant Group’, which ceased operation in February 2023. The business had been severely impacted from Covid restrictions over the past couple of years which was the main reason for its demise.
(i)Trade Creditors
Liabilities are recognised for amounts to be paid in the future for goods and services received whether or not billed to the Company. Trade accounts are normally settled within 30 days unless there are specific arrangements to the contrary.
(j)Bank Bill Facility
The bank bill facility in current liabilities comprises the current portion of the Company’s bank bill repayment within one year. The bank bill facility is repayable in minimum annually instalments of $8,000,000. The Company does have the right to make additional reductions in principal. The bill bears interest at the bank’s interest rate plus a margin. The Company is required to submit to the bank an annual capital budget for approval. The part of interest that relates post 30 June is included as a prepayment. During the year, the facility was moved from Westpac Banking Corporation to Commonwealth Bank of Australia.
Notes to the Financial Statements
For the Year Ended 30 June 2024
2Material Accounting Policy Information (continued)
(k)Goods and services tax (GST)
Receivables and Payables in the statement of financial position are shown inclusive of GST. Revenues, expenses, and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or an item of the expense.
(l)Adoption of new and revised accounting standards
The Group has adopted all standards which became effective for the first time at 30 June 2024, the adoption of these standards has not caused any material adjustments to the reported financial position, performance or cash flow of the Group.
3Critical Accounting Estimates and Judgments
Critical Accounting Estimates and Judgements incorporated in the Financial Report are based on historical and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the Company.
Key estimates - Impairment
The Company assesses impairment at each reporting date by evaluating conditions specific to the Group that may lead to impairment of assets. Where an impairment trigger exists, the recoverable amounts incorporate a number of key estimates. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the organisation.
Key estimates - provisions
As described in the accounting policies, provisions are measured at management’s best estimate of the expenditure required to settle the obligation at the end of the reporting period. These estimates are made taking into account a range of possible outcomes and will vary as further information is obtained.
Key estimates - employee benefits provision
The liability for employee benefits expected to be settled more than 12 months from the reporting date are recognised and measured at the present value of the estimated future cash flows to be made in respect of all employees at the reporting date. In determining the present value of the liability, estimates of attrition rates and pay increases through promotion and inflation have been taken into account.
to the Financial Statements
For the Year Ended 30 June 2024
4Result for the Year
The result for the year includes the following specific expenses:
5Income Tax Expense
(b)Reconciliation of income tax to accounting profit:
Notes to the Financial Statements
For the Year Ended 30 June
Notes
to
the
Financial Statements For the Year Ended 30 June 2024
8Property, Plant and Equipment (continued)
and buildings were independently valued at fair value for
purposes in accordance with
116 on 31 December 2021 at $412,360,000 (GST exclusive). This value has not been taken up in the accounts. This valuation was prepared on the basis of completed works (renovations) at that point in time. It does not take into account any additions and improvements to buildings since that date or the acquisition of land.
9Intangible Assets
Notes to the Financial Statements
For the Year Ended 30 June 2024
11Borrowings (continued)
During the current and prior year, there were no defaults or breaches on any of the loans.
Lease liabilities are secured by the related leased assets.
The financial assets pledged as collateral represent a floating charge and cannot be disposed of without consent of the financier.
The Commonwealth Bank of Australia holds a registered equitable mortgage over the assets and undertakings of the Company and also holds registered mortgages on certain real estate owned by the Group to support a maximum loan facility of $84,500,000.
The actual indebtedness at 30 June 2024 was $67,000,000 (2023: $70,000,000). The interest rate as at 30 June 2024 was 4.35%, with the average for the year being 4.24% (ln 2023 the interest rate at 30 June 2023 was 4,00% and the average for the year 3.53%). 12Employee
associates and joint ventures Investments in subsidiaries, associates and joint venture entities are accounted for at cost in the consolidated financial statements of the parent entity. Dividends received from associates are recognised in the
Notes to the Financial Statements
For the Year Ended 30 June
18Parent Entity (continued)
Notes to the
Financial
Statements For the Year Ended 30 June 2024
19Key Management Personnel Disclosures
The remuneration paid to key management personnel of the Company and the Group is $ 1,737,634 (2023: $1,441,888).
20Auditors' Remuneration
There were no known material contingent
facilities The following facilities were available
24Amalgamation
On 25 April 2023, the Club amalgamated with Bankstown Golf Club Limited under a deed of Amalgamation pursuant to Division 1A of the Registered Clubs Act 1976. Under an amalgamation the Club acquired the net assets and operations from Bankstown Golf Club Limited.
Notes to the Financial Statements
For the Year Ended 30 June 2024
25Events After the End of the Reporting Period
No matters or circumstances have arisen since the end of the financialyear which significantly affected or may significantly affect the operations of the Group, the results of those operations or the state of affairs of the Group in future financial years.
26Statutory Information
The registered office and principal place of business of the company is:
Bankstown District Sports Club Limited
8 Greenfiled Parade
BANKSTOWN NSW 2200
Bankstown District Sports Club Limited
Consolidated entity disclosure statement
For the Year Ended 30 June 2024
Basis of preparation
The Consolidated Entity Disclosure Statement (CEDS) has been prepared in accordance with the Corporations Act 2001. It includes certain information for each entity that was part of the consolidated entity at the end of the financial year.
Determination of tax residency
Section 295 (3A) of the Corporation Acts 2001 defines tax residency as having the meaning in the Income Tax Assessment Act 1997. In determining the tax residency of each entity, the consolidated entity has applied current legislation and judicial precedent, including having regard to the Tax Commissioner's public guidance in Tax Ruling TR 2018/5.
The tax residency of each entitie is as follows; Bankstown District Sports Club Limited (Australian tax resident), BDSC Agencies Pty Limited (Australian tax resident), BDSC Properties Pty Limited (Australian tax resident), Flinders Centre Properties Pty Ltd (Australian tax resident), Facility Services Pty Ltd (Australian tax resident), Eleon Pty Ltd (Australian tax resident), Athlitikos Pty Ltd (Australian tax resident), Clairemont Properties Pty Ltd (Australian tax resident), Doontkare Pty Ltd (Australian tax resident) and Bandour Greenfield Pty Ltd (Australian tax resident).
Directors' Declaration
The directors of the Company declare that:
1.The consolidated financial statements and notes, as set out on pages 5 to 21, are in accordance with the Corporations Act 2001 and:
a.comply with Australian Accounting Standards - Simplified Disclosure Standard; and
b.give a true and fair view of the financial position as at 30 June 2024 and of the performance for the year ended on that date of the Company and consolidated group.
2.In the directors' opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.
3.The information disclosed in the attached consolidated entity disclosure statement is true and correct
This declaration is made in accordance with a resolution of the Board of Directors.
Director .......................................... MURRAY, John OAM
Vernon Frederick Dated
Corporations Act 2001
Corporations Act 2001
