2020/2021 Glenelg Golf Club Annual Report by Glenelg Golf Club

2020/2021

Annual Report

Glenelg Golf Club

2020/21 Annual Report

Front & back covers: Clubhouse & 18th green | David Brand Published 03/06/2021

Glenelg Golf Club Incorporated

ABN 94 199 789 857

CONTENTS Office Bearers & Committee Captains Report

2-3 4

Finance

5-6

Course & Maintenance

7-8

Clubhouse, Food & Beverage

9-10

Membership & Golf

10-11

Our People

11-13

Foundation & Heritage Fund

Glenelg Golf Club Foundation

Heritage Fund & 50 Year Club

Membership Status

Office Bearers

Committee Members

Performances of Note

Club Championships & Trophy Winners

20-21

Financial Reports

22-39

Audit Report

40-41

2020/21 Annual Report

OFFICE BEARERS COMMITTEE OF MANAGEMENT

CAPTAIN Greg Rundle

VICE CAPTAIN Imelda Lynch

COMMITTEE Paul Gander

COMMITTEE Paul Grosvenor

COMMITTEE Sid Kookana

COMMITTEE Scott Petherick

COMMITTEE Carolyn Turci

COMMITTEE Ben Winton

PRESIDENT:

Helen McMutrie

VICE PRESIDENT:

Chris Whitford

KEY MANAGEMENT PERSONNEL

GENERAL MANAGER:

Robert Vincekovic

COURSE SUPERINTENDENT:

Tim Warren

HEAD PROFESSIONAL:

Shane Robinson

FINANCE MANAGER:

Carly Clough

CLUBHOUSE OPERATIONS MANAGER:

Sam Hughes

Glenelg Golf Club Incorporated

ABN 94 199 789 857

COMMITTEE MEETING ATTENDANCE Attendance at Committee of Management meetings for the year ended 31 March 2021 Bevan Roberts

Greg Rundle

Imelda Lynch

Paul Gander

Paul Grosvenor

Sid Kookana

Scott Petherick

Carolyn Turci

Ben Winton^

A total of eleven (11) Committee of Management meetings were held for the year ended 31 March 2021

^ Ben Winton appointed June 2020

2020/21 Annual Report

2020/21

CAPTAIN’S REPORT largely by support payments from the Federal Government and the resurgence in the popularity of golf with many new Members being welcomed to the Club. Current debt levels are extremely manageable, positioning us well to undertake some of the course enhancements works being considered for the next four years.

CAPTAIN Greg Rundle

Members, I am pleased to present the Annual Report for the 2020/2021 Financial Year and to be reporting on the strong position of the Club, both financially through a healthy balance sheet and in membership numbers with strong growth being recorded. Firstly, I would like to thank the immediate past Captain, Bevan Roberts, for his contribution to the Club, and thank the Committee of Management for their continued service to the Club throughout the year. Thanks also to our staff, who, under the strong guidance of General Manager, Robert Vincekovic, were able to make sure we, as Members, could continue to enjoy the sport we love, throughout what was an unprecedented year, with changes to rules often happening by the hour. With this being the first 12-month period reported after the changes to the financial year in order to align it with the membership year, it is pleasing to report the Club has posted a net operating profit of $286,017. This result was assisted

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We welcomed a total of 223 new Members to the Club throughout the year in varying categories and saw a waiting list implemented for the first time since 2009. We now have a membership base actively using the course at a higher rate than ever before. During the year, our Committee of Management, along with senior staff, began the process of compiling our new Strategic Plan which is to be implemented alongside the Course Enhancement Plan over the next 4-5 years. We look forward to presenting these to Members over the next few months. With the Clubhouse being closed for a period, the opportunity was taken to undertake internal renovations, with new bathrooms, carpet and painting performed with the assistance of our hospitality staff who were being retained on the JobKeeper subsidy. Once operations could reopen, it was pleasing to see the strong Member support for our hospitality offerings with high volumes of sales for this period. Unfortunately, our function business took a little longer to rebuild, but is now reaching pre-COVID levels once again.

ABN 94 199 789 857

I would like to acknowledge the work of the course staff under the guidance of Course Superintendent, Tim Warren, and the Pro Shop staff under the guidance of Club Professional, Shane Robinson, who kept golf being played throughout the year. Course conditions remained strong, during a time of extremely high demand, enabling all players to enjoy a quality experience. They also managed to tackle a number of projects to improve course playability with extensive bunker work undertaken to assist our Members with ingress and egress. Pro Shop staff were at the front-line for all Members throughout the year providing a level of service and assistance that made all the changes and adaptations for the year an easier journey. Our Annual Report would normally talk to the success of the players who represented our Club, on state, national and international stages, but the 2020 season was greatly restricted by the pandemic. The cancellation of the 2020 pennant season meant we were unable to defend our titles or challenge for new ones. However, throughout the year, we were able to play a number of Club competitions within the strict COVID guidelines, with some of our Members having performances of note which are recorded through this report. Once again, I would like to thank Members for the ongoing support of your Club during the 2020/2021 year.

FINANCE The period ended 31st March 2021 saw our first 12-month financial year for the club’s new reporting period in-line with our membership year. It is the second period of reporting that includes extensive changes made due to Accounting Standard changes. 2019/2020 was a 15-month reporting period, with the Constitutional changes around financial year timing being transitioned, which makes close comparison between years difficult. This comparison is further impacted by the impact of the COVID-19 pandemic on the 2020/2021 financial results. The period ended the 31st March 2021 reported an operating profit of $286,017. Total equity increased to $11,536,141. The club’s cash position increased by $467,509, with $917,391 available at period end. Cash flow generated from operating activities was used to fund the club’s capital expenditure programs for the year and assist with debt reduction. Total net income for the period was

$3,769,879, with total expenditure for the year at $3,483,862. The loan facility remains at $2,200,000 with $10,000 drawn down at balance date. The club entered into a new lease agreement and a new chattel mortgage agreement for Toro course equipment. Overall, the club’s total debt level decreased by $1,116,976 to $557,139. Capital expenditure for the year was $455,045, with a key project undertaken this year being the internal clubhouse renovations, with the forced COVID-19 closure allowing an opportunity to renovate the upstairs bathrooms and replace carpet throughout the building. The bar and bistro was also refurbished with new cabinetry and equipment in the bistro kitchen and the addition of a Yoder Smoker to enhance our hospitality offerings. Administration saw several PCs replaced, the construction of a new website and the purchase of a new photocopier. Course added a new ute to their fleet and other equipment including the Pro-Core & Rake-o-vac.

Membership income continued to positively increase on prior years with $2,841,666 reported for the period. Subscription income increased 5.2% over the prior period, driven by the strong interest from new Members joining the club. A total of $361,964 was invoiced for entrance fees in 2020/2021. After adjustments were applied to allow for changes to entrance fee reporting (introduced in 2019/2020), the reportable amount for the 2020/2021 year was $171,200, with an increase of $190,944 to the liability account to be applied over future years. Golf operations revenue was impacted heavily due to COVID-19, reporting a $99,284 surplus for the period. The course was completely closed to visitors from late March 2020 through to the end of June 2021. On 1st July, Members’ guests were allowed back on the course in a very restricted capacity, with this being eased as the year went on. Green fees generated from corporate golf days and group bookings was 36% of total green

Members teeing off on the 17th Photo: David Brand

2020/21 Annual Report

fee revenue, a significant decrease on previous years.

revenue equated to 34% of total revenue for hospitality operations.

Hospitality operations reported an operating loss of $8,315. This area of operations was the most heavily impacted by the COVID-19 pandemic. The clubhouse was forced to close from the 23rd March with restricted trading allowed to commence in June 2020. In the initial instance, all hospitality staff were stood down, but the introduction of the JobKeeper program allowed for a majority of staff to be brought back to a certain level, with their role descriptions changing significantly. Hospitality wage expenses are reported without applying any JobKeeper subsidies, which have been included separately in other income. Our function business was non-existent for a large part of the year with confidence around changing capacity levels and border restrictions meaning functions were deferred. As the level of certainty increased, this part of our operations began to build back up. Function

Other income included COVID-19 support payments, received through the ATO, of $671,500. The club received a one off “Cash flow boost” of $100,000 along with JobKeeper wage subsidies of $571,500. These subsidies played a vital role in the club’s ability to maintain staff levels, ensuring the course was presented at a high standard throughout the year and allowing clubhouse staff to remain engaged with the club. Prior year included two years of forfeited Catering Levy over the 15-month period, with the current year only included a single year. Expenditure for the year included $1,044,534 in administration, $1,900,349 in course and $540,615 in house. Wage expenses were included in these departments prior to any wage subsidies being applied from JobKeeper. Staff levels in administration and course were kept at normal levels with days being staggered during the closure. An average monthly spend

calculation shows an increase of 4% on prior year costs. House expenditure for repairs and maintenance saw a significant increase, with the opportunity to repaint and rejuvenate the interior of the clubhouse being undertaken during the closure. A new cleaning contract was entered into once the clubhouse reopened, with an increased budget to ensure the level of service provided meets Member expectations. Trade and other payables totalled $406,783, compared with $603,377 in the previous year. A change to the way the membership renewals are billed at the end of the year saw a change to the way receivables are recorded, hence the receivable balance at year end being $243,062 against $1,417,494 in the prior year. It is expected that COVID-19 will continue to have an impact on the financials into 2021/2022 with the club in a strong financial position to face those challenges into the new reporting year.

2020 Club Championships Photo: David Brand

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ABN 94 199 789 857

Afternoon sun over the 18th green and Clubhouse Photo: David Brand

COURSE & MAINTENANCE It was an uncertain start to the year with the arrival of COVID-19. Pleasingly, we were able to adapt our maintenance practices in order to keep the course to the highlevel expected by our Members throughout the restriction periods. Our team was split into two, to adhere to capacity restrictions and to ensure the continuity of course maintenance, with teams working every second day for twelve-hour shifts on a fourteen-day roster.

proven it to be a viable alternative which will enable us to retain this key feature of the golf course and make maintenance and upkeep a more sustainable prospect. Our greens were renovated in September with the assistance of external contractors, and the annual fairway and tee renovations were undertaken in-house in early December. Agronomic benefits to our turf surfaces have meant that they have withstood the pressures of extra rounds due to the COVIDinduced golf boom.

This changing landscape gave us the opportunity to engage Ryan Van Der Veen, who has extensive experience around the world with golf course design and construction. With Ryan’s assistance, our team renovated approximately twenty bunkers, lowering the access points to improve Member access in and out of bunkers. This work has been well received and gave us a chance to address an ongoing issue for many of our Members.

Other key projects this year have been: • continual work to upgrade the front entrance • path works and carry works at the 11th hole • riparian works at the 8th and 18th holes to clean water hazard edges • tree works at the 6th, 7th and 19th holes • ASR auditing and a tender to formulate future works plans • irrigation system redesign

Over the course of the year, we experimented on the short game practice area using artificial turf as an alternative to natural revetting for bunkers. The results thus far have

During the year we undertook planning for future course works and course enhancement projects. The course enhancement project is being driven by the need to replace

our ageing irrigation system. In this year alone, more than $30,000 in labour for repairs and maintenance, as well as approximately $40,000 for parts and repairs, has been spent on our irrigation system. Improvements in irrigation will have multiple benefits on reducing our current water usage, savings on electricity for pumping and a reduction in maintenance of the rough and out-of-play areas through targeted irrigation. Around 800 native plants were planted this season with most plantings successful and will be enhanced with further ongoing plantings. This included a National Tree Day event, with volunteers and staff planting an area between the 9th and 10th holes. These plantings are part of a biodiversity corridor between the 9th and 11th holes with plants establishing well. Our Club was among twentyfive clubs in Australia chosen to participate in a one-year Golf Course Sustainability Project. Other clubs on the list include Royal Sydney, Bonnie Doon and Metropolitan. The project is run in conjunction with the Australian Sports Turf Managers’ Association (ASTMA) and the GEO Foundation,

2020/21 Annual Report

an international sustainable golf organisation, to review and tailor the OnCourse® sustainability platform for the Australian environment. In November 2020, we held our first ‘Grazing the Course’ dinner with renowned chef and Club Member, Andrew Fielke, cooking with ingredients harvested from our course. The dinner received great publicity with our Biodiversity Manager, Monina Gilbey, joining Andrew in an interview on ABC891 and Minister David Speirs, MP, attending the dinner. An article about the dinner was printed in the Australian Turfgrass Magazine. The GEO Foundation shared a post about the dinner on their social media and the dinner was voted as the best worldwide sustainable golf highlight of 2020. A beehive with bees, donated by John Rawson, has been set up near the plant nursery. This year we had our first harvest of three kilograms of honey. Some of the honey was used in the Clubhouse kitchen, while small pots of honey were given to

our volunteers and Minister David Speirs, MP – who posted on social media about our activities. COVID-19 saw a three-month hiatus for the Friends of the Course. One of our volunteers, John Wainwright, took the opportunity to remove and renovate the course ball washers. This year, volunteers have assisted with emptying rubbish bins and filling sand bins; sanding and staining course furniture; removing weedy plant species; raking scarifyings during renovations; and raking of pine needles and pine cones. Our volunteers contributed over 541 hours of time to compliment work being undertaken by course staff. We are very appreciative of the assistance contributed by this group. This year, we set up course specific social media accounts which include a wide variety of photos ranging from course works to biodiversity activities to scenic pictures of the course. Using social media not only promotes the work we are doing at our course to our Members, it also

brings external attention to some of the projects being completed. Our honey harvest has been mentioned in podcasts, while other posts have also been shared by the GEO Foundation, Turf Today and the ASTMA. Our team had several changes throughout the year, mentioned in more detail, later in the report. With the loss of some long-term staff members, we were able to engage some new members, and begin to rebuild a team that encompasses new skills. We thank our staff and volunteers for their adaptability and their patience. We have a strong team with a broad range of skills that position us well as we prepare for the enhancement works and future planned projects to improve our course.

This year volunteers contributed over 541 hours of time helping out around the course Photo: Monina Gilbey

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ABN 94 199 789 857

Greenkeeper Sophie Warren mowing the 9th green Photo: Monina Gilbey

CLUBHOUSE, FOOD & BEVERAGE Our food and beverage operations were significantly impacted by COVID-19 pandemic restrictions with the Clubhouse forced to close in March 2020 and re-opening in June 2020 under strict capacity restrictions. During this time, we were able to maintain limited food and beverage offerings while remaining compliant with SA Health rules and recommendations – providing a drinks cart on-course and offering takeaway options. We were initially forced to stand down all casual hospitality staff, but, with JobKeeper subsidies introduced, we were able to reengage many of them to assist with our internal Clubhouse renovations. Staff were split into two teams, working alternate days, to ensure staff level restrictions were adhered too. Teams were led by Lynn Kschammer and David Rice, in much varied job descriptions that staff were previously accustomed

too, repainting the Clubhouse and implementing other changes throughout. This proved to be a very successful team building exercise with staff maintaining a positive outlook and working productively together in uncertain times. Our internal renovations have been well received and commented upon by Members and outside clients alike. After resuming Clubhouse trade, bar and bistro operations were well supported by Members during what would normally be our quieter winter period. With Members restricted in their travel options, the Club was busier than ever. Function bookings were slow to return for the months of July and August. Customer confidence started to return in September, but was then further compromised by a three-day shut down in November. Fortunately, December yielded a strong result that continued until the end of March 2021. The wedding industry was hit hard nationally with couples hesitant to book with the usual long lead times

as previous years. Interstate and international travel has affected booking numbers as well as expected/actual guest numbers. We expect this will continue into 2022. In 2020, we were honored to be inducted into the Australian Bridal Industry Awards Hall of Fame presented to vendors who have won the state award five times. Of an approximate 40,000 vendors nationwide, only 40 have been recognized for their services in this way. Congratulations must go to our Sales & Events Manager, Lynn Kschammer, and her team for their outstanding commitment to our wedding clients to gain this recognition. General bar and bistro operations generated just over $1,325,874 in revenue for the 2020/2021 period, with function operations generating $681,396. After expenses are accounted for, the net loss for the period was $8,315, prior to any JobKeeper subsidies being deducted.

2020/21 Annual Report

Despite the numerous restrictions imposed on our offerings, we managed to host several successful Club events during the year. We tested out our newest asset with a Fourth of July Yoder Smoker menu marking the beginning of the return to larger Member gatherings, followed by a Father’s Day lunch with a Yoder Smoker infused menu. Our popular Winery Challenge saw a total of 170 wine loving Members and guests across both AM and PM rounds, followed by lunch and dinner service. The Junior Foundation Day was a fantastic day with weather to match, and we were able to utilise our balcony and stunning views for lunch. Blitz Golf in early January was slightly marred by extremely hot temperatures, but was a chance to showcase Glenelg Golf Club as a golfing, entertainment and hospitality experience ‘like no other’. We held two guest chef experiences for Members this year. In our first event in November 2020, renowned chef and Club Member, Andrew Fielke, assisted us with a ‘Grazing the Course’ event, showcasing Australian cuisine, featuring ingredients taken from our course. This event was well received by Members and led to a follow-on occasion of Australian inspired dishes being added to the menu during the Australia Day week in January 2021. Our second event, in February 2020, was held in conjunction with renowned chef, Kenny Ting (Concubine, Kosho, Bai Long restaurants) and our major wine sponsor, Woodstock wines, where we hosted a Chinese New Year Asian banquet. This was a sell-

out event with over 150 guests in attendance. By the end of the year, our hospitality operations had almost reached pre-COVID levels, with some minor capacity restrictions still in place. There continues to be an element of uncertainty, with hospitality being the first area impacted by new COVID outbreaks. We are confident that, if we maintain our offerings and service, we will remain a venue of choice for Members and guests well into the future.

MEMBERSHIP & GOLF The membership year commencing April 2020 was a period of great uncertainty with questions being asked around whether COVID-19 would we see a further decline in membership numbers. Pleasingly, it did not take long to find that, as a sport which is socially distanced by nature, golf was to be one of the few sports that could be played throughout the year. With some minor modifications to the game, our sport managed to adapt to enable continuous play swimming pool noodles in holes to stop flag touching, no rakes in bunkers, no sharing of carts, the introduction of a mobile scoring app, initially reduced playing groups, and restrictions to Members only. Golf was becoming more popular than ever – with Members working from home and travel restrictions

in place, Members had more time to play golf. As restrictions began to ease, playing groups returned to normal levels and there was a gradual reintroduction of Members’ guests to the course. This resurgence in popularity led to strong membership interest in 2020/2021 with the Club welcoming 223 new Members across varying categories. We are now in the fortunate position of having a waiting list for several membership categories. Key membership statistics: • 28% of all new Members are female • 82% joined the Women’s Try Golf membership • 45 new Members under the age of 30 • Average age of new Members is 43 compared to the average age of all Members of 56 The 2020/2021 season saw the introduction of staggered, age based, intermediate categories to help encourage the retention of our younger Members. We also saw the phasing out of several categories including Pinehill, Social and Twilight, with many of these Members transferring to more traditional membership categories such as Six Day, Weekday and Casual. Our usual Pennant season was suspended due to COVID restrictions with only senior Pennant held later in the year. The 2020 season saw a split into three divisions, with Glenelg placed in division two. We walked away victorious in the

FUNCTION NUMBERS Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

2020/21

2019/20

Weddings

Functions

110

Conferences

157

Golf Days

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ABN 94 199 789 857

finals, six matches to one, against South Lakes, and will be promoted into division one for the 2021 season. Our golfing calendar saw many of our annual events cancelled, although fortunately, we were able to play our Club Championship events, plus a number of other Club events, with winners listed later in the report. We formed a new corporate partnership with the Adelaide 36ers with the club now recognised as the ‘Official Golf Club’ of the 36ers. The partnership aligns well with the direction of both clubs to engage with the community in order to increase participation with a focus on growing the game from its grass roots. We thank the 36ers for their support of our Junior Foundation and look forward to accessing coaches on occasions to inspire our younger and elite players. With our course closed to visitors for part of the year, corporate golf days were either cancelled or deferred. We were fortunate to still host some events for Youth Opportunities, Codan, Morgan Stanley, Adtrans and Financial Planners. Twilight golf continued to be a highlight of the summer months with record numbers participating, bolstering our club culture and promoting our status across Adelaide as the most social club to visit and become a Member.

OUR PEOPLE On Thursday 25th June 2020, the 92nd Annual General Meeting was held virtually for the first time due to COVID related capacity restrictions in the Clubhouse. The outgoing Captain, Bevan Roberts, was thanked for his service to the Club as Captain and committee member. Greg Rundle was appointed Captain, along with incoming Vice-Captain, Imelda Lynch. Three committee positions were announced, with incumbents Carolyn Turci and Scott Petherick being reelected into three-year terms, and Ben Winton elected as a new committee member for a one-year vacancy.

President, Helen McMutrie, thanked out going Vice-President, David Lindsay, and welcomed Chris Whitford into the role. The women’s sub-committee led an active golf program (although COVID interrupted) throughout the year under the guidance of outgoing women’s Captain, Sue Raggatt, incoming women’s Captain, Fiona Eblen, and Vice-Captain, Jo Ricourt. Annette Rieniets and Chris Croucher had the challenging task of managing the women’s social program as President and Vice President respectively, ably assisted by committee member, Meg Woods. We welcomed 65 new female Members to the Club so we anticipate our program will continue to be strengthened. We continue to be fortunate in having Members willing to contribute their time and energy to undertake a myriad of tasks for us. Our volunteers are an important part of our club and we thank them for their contributions throughout the 2020/2021 year. Our team, led by General Manager, Robert Vincekovic, has delivered an exceptional level of experience for Members throughout the year. Robert did a wonderful job in keeping our team united and committed through an uncertain year. He assisted the Committee of Management in navigating the year and should be commended for a successful, first full year at the Club. Our golf course maintenance team did a remarkable job to ensure the course was well presented during a period of unprecedented course usage. The team, led by Course Superintendent, Tim Warren, saw several changes throughout the year. We farewelled Simon Grieve and Shane Birss, both after seven years of service to the Club, along with Brayden Gaiter, Ethan Sykes, Cooper Harrison and Jordan Barber. These changes allowed for the promotion of Graeme Davidson to Assistant Course Superintendent. We welcomed three new apprentices to the team - Sophie Warren, Lachlan Redden and Archie Nielson - along with Graeme Dwyer as Turf

‘Grazing the Course’ was a one-of-a-kind dinner, celebrating native ingredients found on our very own golf course

David & Jordan Marshall won the 2020 Tuohy Trophy

Blitz Golf gets the thumbs up for fourth year in a row, attracting over 1000 spectators on a very hot January day

Max Dale Trophy winner, Nick Eblen, with runner up, Wayne Humphries

2020/21 Annual Report

Glenelg Golf Club (Pinehill at Glenelg) is honoured to be inducted into the ABIA Wedding Industry Hall of Fame.

Equipment Technician, Peter Bell as Foreman, and Joe Brierly and Jonty Chaproniere as greenkeepers. We added new roles to the team, with Projects and Construction Manager, Ryan Van Der Veen, appointed to assist with implementing future enhancement projects, and horticulturist, Billy Miller. The hospitality team remained strong and committed despite the ever-changing circumstances around their work. During the year we farewelled Clubhouse Operations Manager, David Rice, who made a significant contribution during his tenure at the Club. We also farewelled some loved casual staff members who finished their studies and have gone on to take roles in their chosen fields. We welcomed Dani Caruso to the role of Hospitality Manager with a focus on ensuring Member service was maintained at high levels, and she has been a valuable addition to the team. Our senior hospitality team leaders, Sherylea Kemp, James Bridgen, Michelle Siebert and Phil Day, continue to ensure everything

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is kept in order. Our Sales and Events Manager, Lynn Kschammer, continues to oversee our awardwinning function service - in a year that was very much on-again, off-again, she maintained a level of optimism and professionalism that has kept our clients at ease. In November 2020, we welcomed new chefs, David Bridgman and Zak Kranjcec, to the kitchen and after a very busy start, they are truly placing their mark on, and showing their passion for, the food they are delivering. The Administration team also saw some changeover with Raeleen Day retiring from the Membership Officer role in November 2020. A small office restructure saw Sam Hughes appointed to the role of Club Operations Manager with a focus on membership sales and support and was kept busy welcoming our many new Members to the Club. Our Marketing and IT Manager, James Lorenz, took on the role of delivering a new website and overseeing the ongoing IT upgrades and implementation - James should

ABN 94 199 789 857

be commended for his work on the website which is receiving accolades from within the industry. We welcomed Natasha Bryant to the office in the role of Receptionist, replacing Tia Johnstone who has relocated with her family to Moonta. The finance team of Carly Clough and Matt Stone continued to conscientiously oversee the accounting functions of the Club. Our Pro Shop and Golf Operations team, led by Shane Robinson, had a busy year with record numbers of golfers on the course. The team welcomed Marcus Kuys to the role of Pro Shop Manager following the shift “upstairs” of Sam Hughes. Marcus has settled in well and combined with Sue Robinson, Brad Bell, Harry Edwards and Eliza Baker, the team are delivering a level of service to Members and guests that meets and often exceeds expectations. Our coaching staff have had a busy year with golf’s growing popularity driving Member thirst to improve their game. Sarah King has been

instrumental in driving our Women’s Try Golf program which has been extremely successful with women’s participation in golf growing. We welcomed Connor Chant to our coaching team and saw more of Gareth Jones, with border restrictions keeping him in Australia and coaching the Japan national team remotely. Rounding the coaching team out with Braeden Kelly, and we continue to have a formidable team of coaches available for our Members. The annual 50 Year Club Luncheon was held in November. Along with previous long serving Members, new inductees to the 50 Year Club were out-going Club Captain, Bevan Roberts, and Phillip Silver. Sadly, we lost a number of longtime Members during the year. Most notably were Les Diercks aged 103 and a Member of 68 years and Ian Brooks a Member of 44 years and Club Captain in 2006-07. We also sadly lost Reg Sands, 26 years a Member and long term ‘Starter’. Other long time Members who passed away were; Barry Baker (Member for 44 years), Danny Cousins (Member for 28 years), Patricia Duguid (Member for 54 years), Brian Faehse (Member for 69 years), Bruce Heard (Member for 38 years), John McEntree (Member for 59 years), Michael Sperou (Member for 14 years), and John Tully (Member for 57 years).

FOUNDATION & HERITAGE FUND The Glenelg Golf Club Foundation is committed to supporting, promoting and encouraging participation in golf through a variety of projects that stimulate development and growth, especially amongst our junior Members. The reputation of our Junior Golf and Elite Player Development Program continues to be a positive asset to our Club.

The annual Foundation Golf Day was held in December 2020, our major fundraising event for the year. In a revamped format with perfect weather conditions, the support of our generous Members and Club partners resulted in $22,699 being raised. In January 2021, our golf operations team ran another successful Junior Development Golf Day, with coaching and golf followed by a casual BBQ in the Clubhouse with parents and friends.

2020 Women’s Club Champion, Jill Hodge, with runner up Jill Mcdonald

Total funds raised by the Foundation during 2020/2021 was $34,429. The Foundation supported our junior Members by contributing $10,256 towards tournament entry fees, individual lessons, Junior Tigers and high-performance clinics. Members are encouraged to support Foundation projects through ongoing fundraising initiatives and other activities. This will ensure we can continue to provide our junior Members with the best development programs in Australia and develop and improve our infrastructure and facilities. The Club’s Heritage Fund received a bequest of $190,432 from the Estate of Dr Owen Burgan. As a Member of the 1927 Founders’ Society, Dr Burgan had identified the Glenelg Golf Club Foundation as a recipient as part of his estate. We are honoured to receive this generous donation and plans for its use will be overseen in accordance with his requests. Dr Burgan was a Member for 31 years, spent time on various committees, and in 2012, Dr Burgan was appointed Club Historian. His love of all things golf led to the creation of a new Pairs & Partners Event, ‘The Burgandy Trophy’. The event has proven to be quite popular and features an optional Mulligan ‘Burgandy’ on your first tee shot, however if you chose to take a ‘Burgandy,’ you must play the second ball regardless of the result.

Owen Burgan was a Member for 31 years and loved playing at The Bay

Bevan Roberts was inducted into the 50 Year Club by new Club Captain, Greg Rundle

Donald Cant turned 90 years old and is our longest serving current Member at 75 years of service.

2020/21 Annual Report

Glenelg Golf Club

FOUNDATION Building a stronger Club for future generations

JUNIOR GOLF & ELITE PLAYER DEVELOPMENT FUND ACTIVITIES The 2020 Junior Development day was once again strongly supported with 33 juniors taking part

Opening Balance

2020/21

2019/20

$87,824

$69,802

INCOME Saturday Competition donations Raffles

$112

$7 $15,721

$113

$491

$34,429

$30,648

Junior Development Golf Day

$2,418

$4,472

Individual Junior lessons

$8,793

$7,186

$1,154

$503

Foundation Golf Day Miscellaneous TOTAL INCOME

EXPENDITURE

Junior Tiger Golf Travel Expenses Entry Costs TOTAL EXPENDITURE Junior & Tiger Members as at 31 March 2021 Foundation Golf Day was generously supported by our Juniors, Members and Club partners

JUNIOR GOLF & ELITE PLAYER DEVELOPMENT FUND BALANCE:

$109,579 as at 31 March 2021

INFRASTRUCTURE DEVELOPMENT FUND BALANCE:

$8,674 Shakira Kuys won the 2020 Girls Club Junior Championship

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$6,981 $7,447

$22,699

Member donations

The 2020 Boys Junior Club Championship was won by Josh Grundel

$5,163 $6,342

as at 31 March 2021

ABN 94 199 789 857

$273

$309

$191

$12,674

$12,625

HERITAGE FUND SUMMARY OF ACTIVITIES Opening balance:............................................... $23,480 Bequests:..............................................................$190,432 Interest earned:............................................................$69

HERITAGE FUND BALANCE:

$213,981 as at 31 March 2021

HERITAGE FUND MEMBERS Securing the Club for Members both now and in the future. 1927 Founders’ Society Sapphire Member

Heritage Society Members

OWEN BURGAN (2012)

JOHN MADDERN AM (2013)

NOEL TAPLIN (2012) GEOFF GITSHAM (2013) GLENELG GOLF LINKS SHAREHOLDERS (2013)

50 YEAR CLUB 50 YEAR CLUB

Glenelg Golf Club has a rich tradition and history, much of which derives from the support and loyalty of our members. We believe it is important to recognise our long-standing members who have given so much to our Club over the many years of their membership. Below is a list of current members who have been with Glenelg Golf Club for over 50 years. We thank them for their ongoing loyalty and support and welcome them into the “50 Year Club”.

70+

Donald Cant

Pauline Sanderson

Peter Steadman

Noel Taplin

60+

Modge Brown

Brian Faehse

Alec Jordan

Dennis Nunn

Geoff Chapple

Rod Follett

David Lahiff

Liz Pitcher

John Dibben

Geoff Gitsham

Bernie Manser

David Tamblyn

Les Diercks

Geoff Hallion

Peter McDonald

Jan Wheatley

Peter Drew

Charles Harris

Steve McKee

Chris Ellis

David Jervis

Jane Nelson

Richard Bowering

Brenton Green

Terry O’Brien

Gary Taplin

Brian Cahill

Prue Henschke

John Rawson

Gary Thompson

Geoffrey Cook

Maurice Hiern

Bevan Roberts

Sue Tuohy

Jan Dale-Harris

Wayne Humphries

Marg Roberts

Graham Webster

Mike Dobson

David Lindsay

Phillip Silver

Chris Whitford

Pat Duguid

Margaret McCann

John Stone

Dennis Whitford

Rod Fiske

John McEntee

William Strangways

Bill Fuller

Rod McMutrie

Cathy Symons

50+

2020/21 Annual Report

MEMBERSHIP STATUS For the year ending 31 March 2021

Category

Male

Female

2020/21

2019

2018

2017

2016

Life

Full

265

302

325

351

379

Full Paid

Company

Provisional

100

105

100

111

Intermediate

Six Day

103

128

108

105

Weekday

117

166

139

158

166

153

Junior

Country

Corporate

Casual

Introductory

Women's Try Golf

Twilight

Social

Pinehill

PGA Member

Honorary

Social Honorary

Other*

206

257

237

250

259

272

TOTAL

1182

297

1481

1350

1380

1392

1446

The Bay Experience Tiger Cubs

*Absentee, Ambassador, Casual & Full Temp Employees/Pro Shop, Clubhouse, Senior Special 2 Day & Veteren Members

16 Glenelg Golf Club Incorporated

ABN 94 199 789 857

OFFICE BEARERS 1927-2021 Year

President

Captain

Vice-Captain

Year

President

Captain

Vice-Captain

1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973

A.J. Roberts A.J. Roberts A.J. Roberts A.J. Roberts A.J. Roberts Not Appointed W. Fisk W. Fisk W. Fisk W. Fisk W. Fisk W. Fisk Frank Smith Frank Smith Frank Smith Frank Smith Frank Smith Baden Pattinson Baden Pattinson Baden Pattinson W. Allen H.H. Handby H.H. Handby C.H. Fidock C.H. Fidock C.H. Fidock C.W. Anderson C.W. Anderson C.W. Anderson C.W. Anderson C.W. Anderson C.W. Anderson C.W. Anderson W.J. Parkinson W.J. Parkinson W.J. Parkinson W.J. Parkinson N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw

S. Jackman S. Jackman S. Jackman S. Jackman F.G. Hicks F.G. Hicks John Hill John Hill J.E. Ashton J.E. Ashton K.C. Crookall Dr. A.H. Guymer Dr. A.H. Guymer J.E. McKee V.M. Thomas V.M. Thomas V.M. Thomas V.M. Thomas W.B. Holt W.B. Holt E.Caradoc Ashton E.Caradoc Ashton E.Caradoc Ashton S.N. McKee S.N. McKee F.G. Collins F.G. Collins S.D. Harris S.D. Harris S.D. Harris D.M. Watson D.M. Watson D.M. Watson C.M. Wood C.M. Wood N.E. Bagshaw N.E. Bagshaw N.E. Bagshaw P.T. Morton P.T. Morton J.A. Butler J.A. Butler J.A. Manning J.R. Alderman J.R. Alderman J.D. Omond J.D. Omond

F.G. Hicks F.G. Hicks F.G. Hicks F.G. Hicks John Hill John Hill G. McLeay G. McLeay G. McLeay G. McLeay Dr. A.H. Guymer Dr. C.B. Maddern J.E. McKee V.M. Thomas W.B. Holt W.B. Holt W.B. Holt W.B. Holt A.C. Brooke A.C. Brooke S.N. McKee S.N. McKee S.N. McKee F.G. Collins F.G. Collins S.D. Harris S.D. Harris D.M. Watson D.M. Watson D.M. Watson C.M. Wood C.M. Wood C.M. Wood N.E. Bagshaw N.E. Bagshaw P.T. Morton P.T. Morton P.T. Morton J.A. Butler J.A. Butler J.A. Manning J.A. Manning J.R. Alderman J.D. Omond J.D. Omond M.C.E. Summers M.C.E. Summers

1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

N.E. Bagshaw N.E. Bagshaw F.G. Collins F.G. Collins F.G. Collins F.G. Collins F.G. Collins F.G. Collins F.G. Collins F.G. Collins R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett R.B. Bennett D.N. Barton D.N. Barton D.N. Barton D.N. Barton D.N. Barton J.L. Waddy J.L. Waddy J.L. Waddy J.L. Waddy J.L. Waddy B.J. Manser B.J. Manser B.J. Manser B.J. Manser B.J. Manser G.D. Gitsham G.D. Gitsham G.D. Gitsham G.D. Gitsham G.D. Gitsham G.D. Gitsham H. McMutrie H. McMutrie H. McMutrie H. McMutrie H. McMutrie H. McMutrie

M.C.E. Summers M.C.E. Summers R.B. Bennett R.B. Bennett G.A. Hodgson G.A. Hodgson H.T. Slade H.T. Slade B.J. Manser B.J. Manser J.E.O. Handford J.E.O. Handford G.D. Gitsham G.D. Gitsham A.K. Whitford A.K. Whitford D.N. Barton D.N. Barton J.L. Waddy J.L. Waddy J.R. Giles J.R. Giles J.A. Rawson J.A. Rawson I.P. Symons I.P. Symons D.M. Lindsay D.M. Lindsay C.R. Whitford C.R. Whitford P.J. Norman P.J. Norman I.R. Brooks I.R. Brooks P.R. McGrath P.R. McGrath N.J. Johnson N.J. Johnson A.J. Martin A.J. Martin G.M. Fox G.M. Fox P.B. Duregon P.B. Duregon B.M. Roberts B.M. Roberts G. C. Rundle

R.B. Bennett R.B. Bennett G.A. Hodgson G.A. Hodgson H.T. Slade H.T. Slade B.J. Manser B.J. Manser J.E.O. Handford J.E.O. Handford G.D. Gitsham G.D. Gitsham A.K. Whitford A.K. Whitford D.N. Barton D.N. Barton J.L. Waddy J.L. Waddy J.R. Giles J.R. Giles J.A. Rawson J.A. Rawson I.P. Symons I.P. Symons D.M. Lindsay D.M. Lindsay C.R. Whitford C.R. Whitford P.J. Norman P.J. Norman I.R. Brooks I.R. Brooks P.R. McGrath P.R. McGrath N.J. Johnson N.J. Johnson A.J. Martin A.J. Martin G.M. Fox G.M. Fox P.B. Duregon P.B. Duregon B.M. Roberts B.M. Roberts G. C. Rundle G. C. Rundle I. C. Lynch

2020/21 Annual Report

COMMITTEE MEMBERS 1927-2021 Name Adair, M.S. Alderman, J.R. Allen, W.S.

Yrs 5 24 16

Name

Yrs

Name

Yrs

Name

Yrs

Goldsworthy, J.S.

Maunder, P.J.

Stanhope, B.H.

Grosvenor, P.J.

Mausolf, N.

Stevens, G.B.

Guy, G.R.

McCarter, L.

Stevens, R.F.

Ashton, E.C.

Guymer, Dr. A.H.

McCarthy, K.J.

Still, J.A.

Ashton, J.E.

Handford, J.E.O.

McFarlane, A.

Stone, J.C.F.

Harris, S.D.

McFarlane, K.B.

Summers, M.C.E.

McGlasson, A.

Symons, I.P.

Bagshaw, N.E.

Barton, D.N.

Hartford, B.B.

Bennett, R.B.

Hendry, J.M.

McGrath, P.R.

Thomas, V.M.

Bishop, W.P.

Hewett, L.P.

McKee, J.E.

Thompson, G.R.

Briscoe, P.C.A.

Hicks, F.G.

McKee, S.N.

Trabilsie, F.J.

Brooke, A.C.

Hill, J.

McLeay, G.

Truscott, R.W.

Brooks, I.R.

Hodgson, G.A.

McLuckie, R.

Turci, C.J.

Brooks, L.A.

Hodgson, J.W.

McMutrie, H.

Vivian, A.B.

Burgan, O.T.

Holt, W.B.

Merrett, A.F.

Waddy, J.L.

Butler, J.A.

Hull, S.C.

Morton, P.T.

Walsh, T.I.

Campbell, K.S.

Humphries, W.G.

Nelson, R.A.

Warburton, C.

9 21

Chamberlain, R.R.

Jackman, A.J.

Newton, R.

Watson, D.M.

Chapple, G.B.

Jackman, J.W.

Norman, P.J.

Watson, E.J.

Collins, F.G.

Jackman, S.

Nyland, K.

Weston, G.W.

Connelly, P.F.

Jarrad, B.

O’Brien, G.P.

Wheatley, J.A.

Crookall, K.C.

Johnson, A.C.M.

Omond, J.D.

Whitford, A.K.

Cudmore, D.C.

Johnson, N.J.

Palmer, J.S.

Whitford, C.R.

Dale, M.E.

Johnson, W.G.

Percival, S.T.P.

Darling, A.E.

Kenny, J.P.

Dignan, J.A.

Kimber, A.W.

Duregon, P.B.

Ellers, L.G.

English, R.J.

Lacey, E.H.

Ferris, B.T.

Lewis, F.A.

Flehr, B.E.

Lindsay, D.M.

Rawson, J.A.

Follett, R.M.

Lynch, I.C.

Rawson, K.A.

Foster, G.C.

Maddern, Dr. C.B.

Reade, T.C.

Winton, B.

Petherick, S.

Wood, C.M.

Phillips, D.W.

Wood, L.M.

Kookana, S.S.

Phillips, M.B.

Wood, W.C.

Koukourou, S.

Price, W.D.

Woolcott, E.S.

Pritchard, W.A.

Wright, H.F.

Ranaldo, J

Young, W.D.

Fox, G.M.

Maddern, J.P.

Roberts, B.M.

Frances, I.K.

Mahoney, W.J.

Royals, D.W.

Freeman, R.E.N.

Mallen, L.

Rundle, G.C.

Gander, P.M.

Manning, J.A.

Sando, H.H.

Manser, B.J.

Sands, R.G.

Sauerbier, L.C.

Giles, J.R. Gillespie, D.P. Gillman, J.F. Gitsham, G.D.

10 3

Marshall, A.K.

Martin, A.J.

Skinner, L.P.

Martin, S.G.

Slade, H.T.

18 Glenelg Golf Club Incorporated

ABN 94 199 789 857

PERFORMANCES OF NOTE For the year ending 31 March 2021

2020 Senior Pennant Team Senior Div 2 Team: Paul McGrath, David Marshall, John Keogh, Brian Welsh, David Chantrell, Anthony Doyle, Graeme Bennett, Steve Weeks, & Team Manager, Wayne Humphries Glenelg defeated South Lakes to win the Division 2 Final, six matches to one.

Charley Jacobs, 19, Intermediate Member 2020 should have seen Jacobs’ starting her college year at Iowa State University. Instead, Covid put all plans on hold including all major Golf Australia events. With little on the calendar to start the year, Charley used this time wisely to work with State High Performance Coach, Adrian Wickstein, and fine tune her game.

Senior Pennant Div 2 TeamManager, Wayne Humphries

Jacobs was well rewarded later in the year by becoming the first hometown winner of the Women’s SA Amateur since 2011 by dominating the final at Mt Osmond Golf Club, needing just 27 holes to defeat Queensland’s Sarah Wilson 10 and 9. Her performance matched the occasion; she was effectively two-under par (and four up in the match) after the first 18 holes against Wilson, and proceeded to shoot six-under par for the next nine holes in the afternoon to close it out early.

Jack Tanner, 20, Intermediate Member 2020 saw Tanner stuck between countries for a few months as he travelled back from South Dakota State College. Like Jacobs, he made good use of the time and put in all the work necessary to reward him with the following notable finishes: • • •

Charley Jacobs & Sam Slater were the SA Amateur champions

Runner-Up 2020 Queensland Amateur Runner-Up 2020 Tasmanian Open T5 2020 Riversdale cup

Other Performances of Note SA Am Classic & Rene Erichsen Salver, Runner Up: Jack Buchanan. SA Primary School Golf State Final, Winner: Harry Leaf-Milham. SA 15/U Championship, Winner: Kade Byrant. SA Junior Interstate Series: Shakira-Ann Kuys, Jade Kinita & Harry Edwards were chosen to represent SA, but the event was cancelled due to COVID. Golf SA High Performance: Jack Buchanan, Shakira Kuys & Jade Kinita

Jack Tanner was runner up at the 2020 Queensland Amateurs

2020/21 Annual Report

CLUB CHAMPIONSHIPS & CLUB TROPHY WINNERS For the year ending 31 March 2021

Event

Winner

Runner Up

Men’s Club Championship

Jack Buchanan

Jackson Kalz

Women’s Club Championship

Jill Hodge

Jill McDonald

RF Stevens Trophy

Jack Buchanan

Jackson Kalz

Men’s B Grade Championship

Ken Schebella

Jon Oatey

Men’s C Grade Championship

Barry Jarrad

Andrew Knott

Women’s B Grade Championship

Jayne Staridas

Catherine Darling

Women’s C Grade Championship

Sharon Taylor

Deb Loveday

Men’s A Grade Plate

Sid Kookana

Bjorn Pederson

Men’s B Grade Plate

Nicholas Lambos

Richard Sheridan

Men’s C Grade Plate

Ian Mather

Darryn Vowles

Boys’ Club Championship

Josh Grundel

Fletcher Ryan

Girls’ Club Championship

Shakira Kuys

Jade Kinita

Men’s Senior Championship

Nick Eblen

Wayne Humphries

Jimmy McLachlan Memorial Trophy

(Cancelled due to COVID)

Men’s Foursomes Championship

Henry Duregon & Josh Hayes

Will Starkey & Jackson Kalz

Women’s Foursomes Championship

Jill Hodge & Jan Dale Harris

Matilda Wheare & Jo Rawson

Men’s A Grade Foursomes

David Brand & Paul Grosvenor

David Hiern & Floyd O’Toole

Men’s B Grade Foursomes

David Holst & Chris Cain

Angus Heffernan & Harrison Ellis

Men’s C Grade Foursomes

Bevan Roberts & Fred Vaskas

Wayne Burgan & John Barton

Women’s B Grade Foursome

Catherine Darling & Helen McMutrie

Chris Croucher & Deb Bennett

Women’s C Grade Foursome

Margaret Whelan & Ros Osborn

Joan Marshman & June Donnithorne

Mixed Foursomes Championship

Cathy Symons & David Brand

Elysia Yap & Michael Munn

Brian Ferris Memorial Trophy

(Cancelled due to COVID)

Eric Scovell Junior Vardon Trophy

(Cancelled due to COVID)

Glenelg Women’s Vardon

(Cancelled due to COVID)

Owen Whitford Trophy

(Cancelled due to COVID)

Lance Begg Trophy

Nick & Fiona Eblen

Jill & Neil Gehling

Winter Pinehurst Foursomes Trophy Allen Campbell & Tony Sullivan

Adam Weller & Nick Curyer

Burgandy Trophy

Sean Kelly & Michael Kelly

Nick Fuggle & Joanne Rice

Don Harris Memorial Trophy

Sam McGill

Sandy Small

20 Glenelg Golf Club Incorporated

ABN 94 199 789 857

Men’s Event

Winner

Men’s Event

Winner

Governor’s Cup

(Cancelled due to COVID)

Glenelg Trophy (Juniors)

Alex Manton

Senior Cup

Steven Wild

Boys’ Handicap Matchplay Alex Manton

Anzac Memorial Trophy

(Cancelled due to COVID)

Rawson Memorial

David Marshall

Captain’s Trophy

Paul Duregon

Don Watson Memorial

Sam McGill

President’s Trophy

(Cancelled due to COVID)

Frank Collins Memorial

Glenn Sterrey

Glenelg Trophy

(Cancelled due to COVID)

AH Smerdon Memorial

Jarret Moyse

Sam Percival Trophy

Alan Turner

Steve McKee Memorial

Andrew Grieve

Milo Sprod Trophy

Glen Paice

Summer Cup

Grant Bromley

Reg Sands Starter’s Trophy

Paul Gander

FA Lewis Memorial

Steve Gentle

Norm Omond Medals

A Grade: David Millington

Harold Wright Memorial

Steve Shippey

B Grade: Steve Rowe

Brian Bashford Memorial

(Cancelled due to COVID)

C Grade: Morrie Croucher

Joe Ashton Trophy

Graeme Cornes

Women’s Event

Winner

Women’s Event

Winner

President’s Foursomes

(Cancelled due to COVID)

Ella Cole Trophy

Jade Kanita

Captain’s Trophy

(Cancelled due to COVID)

Consistency Cup

Sharon Taylor

Laurel Wreath

Jayne Staridas

Veterans’ Handicap Net

Sue Raggatt

International Bowl - Silver

Jo Ricourt

Veterans’ Handicap Gross

Jill Hodge

International Bowl - Bronze Rita Niemorowski

Essex Stroke - Silver

Jo Ricourt

Shane Robinson Trophy

(Cancelled due to COVID)

Essex Stroke - Bronze

Judith Cullen

Club Medal 1

Jane Nelson

Most Improved Handicap

Rebecca Clarke

Club Medal 2

Jo Ricourt

Jacka Trophy

Wendy Vaughan

Wallace Stroke

Sue Raggatt

Parfection Prize

Cathy Symons

Anne Smerdon Trophy

Shakira Kuys

Hole-in-One Peggy Lau-Flux - 11th

Denis Prider - 11th

Kane Hyams - 11th

Christina Larsen - 11th

Sue Tuohy - 19th

Peter Hawke - 11th

Terry Phillis - 11th

Jo Ricourt - 3rd

Charles Drew - 16th

Paul Greenbank - 16th

Graham Fear - 16th

Geoffrey Rosser - 3rd

Sean Kelly - 16th

Daniel Leonard - 14th

Troy Perriam - 11th

Anil Kookana - 14th

Malcolm Lindquist - 16th

David Watkins - 3rd

Darren Tull - 14th

Andrew Nash - 16th

Simon Mestrov - 3rd

Chris Duke - 16th

Sue Crawford - 14th

Jack Buchanan - 16th

Jack Buchanan - 14th

Lee Del Cole - 3rd

2020/21 Annual Report

2020/21

Financial Reports

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY ABN 94 199 789 857 22 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2021 Note

NET INCOME Membership Subscriptions Entrance Fees Infrastructure Levy Bag & Buggy Storage Locker Fees Golf Operations Competition Fees Green Fees Cart Hire Affiliation Fees Trophies Professional Retainer (Pro Shop) Professional Retainer (Golf Operations) Professional Service Fees / Commissions Depreciation Other Golf Operations Expenses

Consolidated 2020-2021 2019-2020

Golf Club 2020-2021 2019-2020

12 Months

15 Months

12 Months

15 Months

2,273,425 171,200 312,261 75,110 9,670 2,841,666

2,161,538 205,293 306,994 77,976 11,377 2,763,178

2,273,425 171,200 312,261 75,110 9,670 2,841,666

2,161,538 205,293 306,994 77,976 11,377 2,763,178

66,060 296,433 107,494 (3,997) (53,288) (55,429) (85,272) (78,798) (60,161) (33,758) 99,284

94,349 576,822 142,091 (17,992) (68,286) (67,976) (104,575) (113,233) (82,909) (75,141) 283,150

66,060 296,433 107,494 (3,997) (53,288) (55,429) (85,272) (78,798) (60,161) (33,758) 99,284

94,349 576,822 142,091 (17,992) (68,286) (67,976) (104,575) (113,233) (82,909) (75,141) 283,150

971,127 (361,363) 609,764 1,036,143 (439,612) 596,531

1,295,100 (457,933) 837,167 1,572,109 (659,428) 912,681

971,127 (361,363) 609,764 1,036,143 (439,612) 596,531

1,295,100 (457,933) 837,167 1,572,109 (659,428) 912,681

(1,086,134) (99,996) (28,480) (8,315)

(1,368,520) (158,600) (27,425) 195,303

(1,086,134) (99,996) (28,480) (8,315)

(1,368,520) (158,600) (27,425) 195,303

65,213 186 65,243 35,102 671,500 837,244

144,308 1,776 62,137 73,276 281,497

65,213 186 65,243 35,102 671,500 837,244

144,308 1,776 62,137 73,276 281,497

3,769,879

3,523,128

3,769,879

3,523,128

Hospitality Bar Sales Less Cost of Goods Sold Bar Gross Profit Catering Sales Less Cost of Goods Sold Catering Gross Profit Less Expenditure

Salaries and Associated Costs Other Expenses Depreciation

Other Income Catering Levy forfeited

Interest Received Phone Tower Miscellaneous COVID-19 Support Payments

TOTAL NET INCOME

1(n)

2020/21 Annual Report The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2021 Note

EXPENDITURE Administration and Support Services Salaries and Associated Costs Audit Fees Marketing & Communications Depreciation Finance Costs Bank Charges & Merchant Fees Insurance Postage, Printing and Stationery Telephone Council Rates Legal and Consulting Travel and Accommodation Computer Consumables and Maintenance Other Administration Expenses Course Salaries and Associated Costs Maintenance Power Enhancement Irrigation Landscape Maintenance Machinery ASR Expenses Other Expenses Depreciation House Laundry Repairs and Maintenance Contract Cleaning Light, Power and Water Other House Expenses Depreciation Other Expenses (Profit)/Loss on Sale of Fixed Asset

TOTAL EXPENDITURE NET SURPLUS / (DEFICIT) Other Comprehensive Income Change in market value of financial assets TOTAL COMPREHENSIVE INCOME FOR YEAR

Golf Club Incorporated ABN 94 199 789 857 24 GlenelgTOTAL COMPREHENSIVE INCOME ATTRIBUTABLE TO EQUITY

1(b)

Consolidated 2020-2021 2019-2020

Golf Club 2020-2021 2019-2020

12 Months

15 Months

12 Months

15 Months

569,141 13,550 26,501 48,515 3,787 50,977 30,746 17,039 16,088 52,968 150 15 90,611 124,446 1,044,534

630,997 10,800 115,718 30,858 15,133 60,477 45,698 23,338 15,758 65,936 19,697 10,999 86,588 130,056 1,262,053

569,141 13,550 26,501 48,515 3,787 50,977 30,746 17,039 16,088 52,968 150 15 90,611 124,446 1,044,534

630,997 10,800 115,718 30,858 15,133 60,477 45,698 23,338 15,758 65,936 19,697 10,999 86,588 130,056 1,262,053

884,144 253,993 98,604 69,677 41,541 18,585 105,640 37,928 76,534 313,703 1,900,349

1,070,355 354,505 118,216 71,554 40,787 36,521 98,900 53,084 78,671 369,157 2,291,750

884,144 253,993 98,604 69,677 41,541 18,585 105,640 37,928 76,534 313,703 1,900,349

1,070,355 354,505 118,216 71,554 40,787 36,521 98,900 53,084 78,671 369,157 2,291,750

7,876 100,646 68,158 100,701 53,607 209,627 540,615

14,121 56,906 68,060 162,575 65,626 259,335 626,623

7,876 100,646 68,158 100,701 53,607 209,627 540,615

14,121 56,906 68,060 162,575 65,626 259,335 626,623

(1,636) (1,636)

(26,316) (26,316)

(1,636) (1,636)

(26,316) (26,316)

3,483,862

4,154,110

3,483,862

4,154,110

286,017

(630,982)

286,017

(630,982)

3,406,240

286,017

(630,982)

286,017

2,775,258

286,017

(630,982)

286,017

2,775,258

The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2021 Note

Consolidated

Golf Club

31-Mar-2020

31-Mar-2021

31-Mar-2020

CURRENT ASSETS 917,391 243,062 88,566 96,580 1,345,599

449,882 1,417,494 108,181 123,935 2,099,492

917,391 243,062 88,566 96,580 1,345,599

449,882 1,417,494 108,181 123,935 2,099,492

6,078,798 374,024 6,452,822

6,133,503 412,368 6,545,871

8,432,945 5,375,094 374,024 14,182,063

8,432,945 5,429,799 412,368 14,275,112

7,798,421

8,645,363

15,527,662

16,374,604

407,349 101,010 10,000 167,235 2,835,710

603,943 81,428 151,840 2,651,302

406,783 101,010 10,000 167,235 2,835,710

603,377 81,428 151,840 2,651,302

3,521,304

3,488,513

3,520,738

3,487,947

90,879 379,904

114,259 1,210,000 312,275

90,879 379,904

114,259 1,210,000 312,275

470,783

1,636,534

470,783

1,636,534

TOTAL LIABILITIES

3,992,087

5,125,047

3,991,521

5,124,481

NET ASSETS

3,806,334

3,520,317

11,536,141

11,250,124

Revaluation of Shares at Fair Value Retained Earnings Outside Equity Interests in controlled entity

3,778,587 27,747

3,492,570 27,747

7,748,512 3,787,629 -

7,748,512 3,501,612 -

TOTAL EQUITY

3,806,334

3,520,317

11,536,141

11,250,124

Cash & Cash Equivalents Trade & Other Receivables Other Current Assets Inventories Total Current Assets

2 3 4

NON-CURRENT ASSETS Financial Assets Property, Plant and Equipment Right of Use Assets Total Non-Current Assets

5 6 7

TOTAL ASSETS CURRENT LIABILITIES Trade & Other Payables Short-Term Provisions Short-Term Borrowings Short-Term Lease Liability Other Current Liabilities

8 9a 10a 11a 13

Total Current Liabilities NON-CURRENT LIABILITIES Long-Term Provisions Long-Term Borrowings Long-Term Lease Liability Total Non-Current Liabilities

9b 10b 11b

EQUITY

2020/21 Annual Report The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2021

Note

Retained Earnings $

Reserves

Outside Equity Interest $

Total $

Consolidated Entity Balance at 1 April 2020 Adjustment to Entrance Fee - Accrued Revenue Profit attributable to members of controlling entity

1(f)

Balance at 1 April 2020 Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Balance at 31 March 2021

3,492,570 286,017 3,778,587

27,747 27,747

3,520,317 286,017 3,806,334

3,778,587

27,747

3,806,334

3,501,612 286,017 3,787,629

7,748,512 7,748,512

3,787,629

7,748,512

11,536,141

4,716,649 (593,097) (630,982) 3,492,570

27,747 27,747

4,744,396 (593,097) (630,982) 3,520,317

3,492,570

27,747

3,520,317

4,725,691 (593,097) (630,982) 3,501,612

4,342,272 3,406,240 7,748,512

7,748,512

11,250,124

Controlling Entity Balance at 1 April 2020 Adjustment to Entrance Fee - Accrued Revenue Profit attributable to members of controlling entity

1(f)

Balance at 1 April 2020 Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Balance at 31 March 2021 Year End 2019-2020 Consolidated Entity Balance at 1 January 2019 Adjustment to Entrance Fee - Accrued Revenue Loss attributable to members of controlling entity

1(f)

Balance at 1 January 2019 Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Balance at 31 March 2020 Year End 2019-2020 Controlling Entity Balance at 1 January 2019 Adjustment to Entrance Fee - Accrued Revenue Loss attributable to members of controlling entity

Balance at 1 January 2019 Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

26 Glenelg Golf Club Incorporated Balance at 31 March 2020

ABN 94 199 789 857

1(f)

3,501,612

The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2021 Note

Consolidated 2020-2021 2019-2020 $ $

Golf Club 2020-2021 2019-2020 $ $

2,007,270 4,016,098 469,987 (5,176,528) (3,787) 165,744 671,500

2,867,209 1,678,941 813,262 (4,739,089) (15,133) 281,497 -

2,007,270 4,016,098 469,987 (5,176,528) (3,787) 165,744 671,500

2,867,209 1,678,941 813,262 (4,739,089) (15,133) 281,497 -

2,150,284

886,687

2,150,284

886,687

(567,435)

(508,269)

(567,435)

(508,269)

1,636

26,851

1,636

26,851

(45,000)

(565,799)

(526,418)

(565,799)

(526,418)

(227,155) (181,860) 48,730 264,884 135,000 - (1,200,000)

(227,155) 48,730 135,000 -

CASH FLOWS FROM OPERATING ACTIVITIES Bar and Catering Sales Subscriptions and Entrance Fees Green Fees and Competition Fees Payments to Suppliers and Employees Interest Paid Donations, Fundraising and Other Sundry Receipts COVID-19 Support Payments NET CASH INFLOW FROM OPERATING ACTIVITIES

CASH FLOWS FROM INVESTING ACTIVITIES Payments for Property, Plant and Equipment Proceeds from Sale of Property, Plant and Equipment Share Purchase NET CASH (OUTFLOW) FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES (181,860) 264,884 (1,200,000)

Repayment of Borrowing Additional Lease Established Drawdown on Bank Loan Repayment of Bank Loan NET CASH PROVIDED INFLOW (OUTFLOW) FROM FINANCING ACTIVITIES

(1,116,976)

(43,425)

(1,116,976)

(43,425)

NET INCREASE / (DECREASE) IN CASH HELD

467,509

316,844

467,509

316,844

Cash at Beginning of Year

449,882

133,038

449,882

133,038

917,391

449,882

917,391

449,882

Cash at End of Year

2020/21 Annual Report The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards, Australian Accounting Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board and the requirements of the Associations Incorporations Act of South Australia. The financial report covers the consolidated entity of Glenelg Golf Club Inc (Club) as the individual controlling entity and the controlled entity, Glenelg Golf Links Limited (GGL). The financial report of Glenelg Golf Club Inc and the controlled entity and Glenelg Golf Club Inc as an individual controlling entity comply with all Australian equivalents to International Financial Reporting Standards (IFRS) in their entirety except where compliance is not mandatory for non-corporate entities. The financial report has been prepared on an accrual basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets. During the 2019/2020 year a Constitutional amendment was passed to change the Club’s financial year to align with the Club’s Membership year being 1st April to the 31st March. The 2020/2021 financial year is the first year the with the new 12 month period being applied. The 2019/2020 financial year reported a 15 month period from 1st January 2019 through to 31st March 2020. The following is a summary of the material accounting policies adopted by the consolidated entity in preparation of the financial report. The accounting policies have been consistently applied unless otherwise stated. a)

Principles of Consolidation The Club controls the share capital of Glenelg Golf Links Limited. The consolidated accounts incorporated the assets and liabilities of Glenelg Golf Links Limited as at 31 March 2021 and the results of GGL for the period then ended. The effects of all transactions between the Club and GGL are eliminated in full. Outside equity interests in the results and group equity are shown separately in the consolidated profit and loss account and balance sheet respectively. The cost of acquiring shares in Glenelg Golf Links Limited have been accounted for as an interest in the land owned by that company and reflected accordingly.

Financial Instruments Financial assets and liabilities are initially recognised when the Club becomes a party to the contractual provisions to the instrument. For Financial assets, this is the date that the Club commits itself to the purchase or sale of the asset. Financial assets are initially measured at fair value, where the values in an active market are used to determine the value. A financial asset can be subsequently measured in three ways; amortised cost, fair value through other comprehensive income, or fair value through profit and loss. A financial asset is subsequently measured at fair value through other comprehensive income as it is irrevocably designated by Committee of Management (note 17b) to be treated in this way, with fair value adjustments to be made against a reserve in equity. As the value of the shares do not impact the business operating performance, the fair value adjustment need not impact operating surplus/deficit. A financial liability can be measured at amortised cost or at fair value through the Profit and Loss. In relation to the Club’s loan and Commercial Bill facilities they are measured at the amortised cost and the effective interest rate method is applied. This means the interest costs related to the debt are expensed in the Profit and Loss over the relevant period Changes to accounting standard AASB 9 have impacted the way that the Glenelg Golf Link Limited shares are to be reported in the 2019-2020, and all future Financial reports. Previously shares had been recorded at purchase price.

Property, Plant and Equipment Each class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation and impairment losses. Property Freehold land is shown at cost. Building is shown at cost less any accumulated depreciation and impairment losses.

28 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES Plant and Equipment The depreciable amount of all fixed assets including building, but excluding freehold land, is depreciated on a straight line basis over their useful lives to the consolidated entity commencing from the time the asset is held ready for use. The depreciation rates for each class of depreciable assets are based on the following estimated useful lives, expressed in years: Category Administration furniture and fittings Bar plant and equipment Catering plant and equipment Clubhouse building Clubhouse other Course buildings Clubhouse plant and equipment Motor vehicles Office equipment Course plant and equipment Entrance road & Carpark Range Equipment d)

Useful Lives 5-11 8-11 7-11 40-50 7-11 4-25 8-11 4-5 5-7.5 4-11 15 5-10

Impairment of Assets At each reporting date, the Committee of Management reviews the carrying values of its assets to determine whether there is any indicators of impairment. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell or value in use, is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is recognised immediately to the profit and loss statement. Where it is not possible to determine the recoverable amount of an individual asset, the Committee of Management estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Employee Benefits Provision is made for the association’s liability for employee benefits arising from services rendered by employees to balance date. Employee entitlements expected to be settled within one year together with entitlements arising from wages and salaries, annual leave and long service leave which will be settled after one year, have been measured at their nominal amount. Other employee entitlements payable later than one year have been measured at the present value of the estimated future cash outflows to be made for those entitlements.

Subscription & Entrance Fee Income Subscription revenue is recognised in the profit and loss statement in the Membership year it relates to. The Membership year runs in-line with the Financial year of the 1st April through to 31st March of the following year. Changes to AASB 15 Revenue from Contracts with Customers came into effect from the 1st January 2019. Entrance Fees recognition - the cumulative effective method of initially applying AASB 15 as an adjustment to the opening balance of equity at 1st January 2019 has been used, and therefore comparative information has not been restated and continues to be presented under AASB 118. Entrance Fee income has been adjusted to be apportioned to the expected average tenure of the membership. This has been applied retrospectively and brought to account through an adjustment to prior accumulated earnings. The impact is a reduction in Retained Earnings of $593,097 which is to be applied to future years. Entrance fees received in 2019/2020 and future years, will be put to a liability account (Note 13 - Entrance Fees - Accrued) to be apportioned over future years. A 10 year average has been applied to Provisional, Six Day, Weekday and Company member Entrance Fees. A 5 year average has been applied to Country, Casual and Intermediate member Entrance Fees. Junior Entrance Fees are applied at time of invoicing as the spread of these payments is already applied.

2020/21 Annual Report

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES g)

Income Tax The Club is exempt from Income Tax in accordance with Section 50-5 of the Income Tax Assessment Act, 1997.

Inventories Inventories are measured at the lower of cost and net realisable value. No provision has been made for slow moving inventory, but shall be accounted for if required.

Course Redevelopment Expenditure

Expenditure incurred on redevelopment of the course is recognised as an expense in the profit and loss statement as incurred, unless it is capital in nature, in which case it is capitalised in accordance with the capital expenditure definition. j)

Construction - Work In Progress Construction work in progress is stated at the aggregate of contract costs incurred to date and included if applicable, as part of Property, Plant & Equipment.

Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the balance sheet.

Comparative Figures When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year.

Leases - Right of Use Assets The Change to AASB 16: “Leases” became applicable from 1 January 2019 for Leases with more than 12 months remaining. This has an impact on the previously noted Operating Leases the Club holds for Golf Carts and Course Equipment. This has involved the initial transaction to bring on a lease liability discounted to the present value of the remaining lease payments at the commencement date. The interest rate used for the new leases in 2020-2021 is 3.99% (2019-2020: 3.99%), which is the interest rate applicable to the newest bank contract entered into during the year. Interest and principal are applied on an incremental basis for the remaining life of the lease. A corresponding Right-of-use Asset is to be recorded in the Balance Sheet based on the value of the lease liability recorded. This Right-of-use Asset is depreciated over the lease term or in a straight line basis over the useful life of the asset, whichever is the shortest.

Other Income - Covid-19 Support Payments During the 2020/2021 year, the Federal Government introduced some stimulus programs in response to the impact of COVID-19 on businesses. As part of the programs the Club was eligible for a one off “Cash Flow Boost” of $100,000, with payments spread over the period from April through to September. The Club also qualified for wage subsidies through the JobKeeper program, payments in relation to this program totalled $571,500. These stimulus amounts have been reported separately and included as Other Income. The wages paid to staff have been reported without deduction of JobKeeper subsidies and included in the Statement of Comprehensive Income in the departments they relate to.

30 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 Note

Consolidated 2020-2021 2019-2020 $ $

Golf Club 2020-2021 2019-2020 $ $

NOTE 2 - CASH & CASH EQUIVALENTS Cash at Bank Cash on Hand Heritage Fund - Bank Account

700,396 3,050 213,945 917,391

422,963 3,439 23,480 449,882

700,396 3,050 213,945 917,391

422,963 3,439 23,480 449,882

The effective interest rate on short-term bank deposits was 0.15% (2019-2020: 0.15%); these deposits have an average maturity of 20 days. The Heritage Fund holds funds donated and bequeathed to the Club for specific projects that are identified and approved by the Committee of Management these funds are not available for funding operational activities. Reconciliation of Cash Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the balance sheet as follows: Cash & Cash Equivalents

917,391

449,882

917,391

449,882

48,984 131,737 62,341 243,062

1,337,249 74,764 5,481 1,417,494

48,984 131,737 62,341 243,062

1,337,249 74,764 5,481 1,417,494

65,842 13,854 16,884 96,580

69,149 20,251 34,535 123,935

65,842 13,854 16,884 96,580

69,149 20,251 34,535 123,935

8,431,840 1,105 8,432,945

NOTE 3 - TRADE & OTHER RECEIVABLES Subscription Debtors House Account Sundry Debtors

NOTE 4 - INVENTORIES Bar Stock Catering Stock Course Stock

NOTE 5 - FINANCIAL ASSETS Shares - Glenelg Golf Links Ltd Loan - Glenelg Golf Links Ltd Total Financial Assets

Per changes to Accounting standard AASB 9 in relation to Financial Instruments, the shares held in Glenelg Golf Links Ltd are now recognised at balance date at Fair Value, with the value being based on the last sale price recorded. There were no sales in 2020-2021 and no change in value has been recorded, the last sale was in 2019/2020 - $302.00 per share (2018 $180.00 per share) the revaluation of these shares is carried through Other Comprehensive income and a reserve on the Balance Sheet.

2020/21 Annual Report

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 Note

Consolidated 2020-2021 2019-2020 $ $

Golf Club 2020-2021 2019-2020 $ $

NOTE 6 - PROPERTY, PLANT & EQUIPMENT 703,704

Freehold land

6,126,122 6,246,462 (2,317,401) (2,472,845) 3,808,721 3,773,617

6,126,122 (2,317,401) 3,808,721

703,704

Clubhouse Less Accumulated Depreciation

6,246,462 (2,472,845) 3,773,617

Clubhouse Plant and Equipment Less Accumulated Depreciation

792,503 (692,789) 99,714

730,354 (638,623) 91,731

792,503 (692,789) 99,714

730,354 (638,623) 91,731

Course Buildings Less Accumulated Depreciation

475,990 (326,056) 149,934

469,138 (309,631) 159,507

475,990 (326,056) 149,934

469,138 (309,631) 159,507

Administration Plant and Equipment Less Accumulated Depreciation

580,880 (425,621) 155,259

526,310 (377,106) 149,204

580,880 (425,621) 155,259

526,310 (377,106) 149,204

Bar Plant and Equipment Less Accumulated Depreciation

198,346 (164,432) 33,914

194,173 (156,911) 37,262

198,346 (164,432) 33,914

194,173 (156,911) 37,262

Catering Plant and Equipment Less Accumulated Depreciation

423,439 (369,932) 53,507

385,266 (348,973) 36,293

423,439 (369,932) 53,507

385,266 (348,973) 36,293

Golf Carts Less Accumulated Depreciation

114,588 (113,898) 690

114,588 (94,558) 20,030

114,588 (113,898) 690

114,588 (94,558) 20,030

Course Plant and Equipment Less Accumulated Depreciation

4,492,664 (3,746,829) 745,835

4,353,113 (3,610,251) 742,862

4,479,451 (3,733,616) 745,835

4,339,900 (3,597,038) 742,862

Entrance Road & Carpark Less Accumulated Depreciation

588,056 (346,119) 241,937

572,283 (323,001) 249,282

588,056 (346,119) 241,937

572,283 (323,001) 249,282

Capital Improvements Less Accumulated Depreciation

1,163 (1,060) 103

1,163 (1,045) 118

1,163 (1,060) 103

1,163 (1,045) 118

Range Equipment Less Accumulated Depreciation

284,642 (164,058) 120,584

271,178 (136,389) 134,789

284,642 (164,058) 120,584

271,178 (136,389) 134,789

6,078,798

6,133,503

5,375,094

5,429,799

TOTAL PROPERTY, PLANT AND EQUIPMENT

32 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 NOTE 6 - PROPERTY, PLANT & EQUIPMENT (CONT.) b)

Movement in Carrying Amount Movement in the carrying amounts for each class of property, plant & equipment between the beginning and the end of the current financial year. Carrying amounts at 1 April 2020

Depreciation

Write Back of Accumulated Depreciation

Carrying amount at 31 March 2021

Additions

Disposals

3,808,721

120,340

(155,444)

3,773,617

91,731

62,149

(54,166)

99,714

Course Buildings

159,507

6,852

(16,425)

149,934

Administration Plant & Equipment

149,204

54,570

(11,215)

(48,515)

11,215

155,259

Bar & Plant Equipment

37,262

4,173

(7,521)

33,914

Catering Plant & Equipment

36,293

38,173

(20,959)

53,507

Golf Carts

20,030

(19,340)

690

Course Plant & Equipment

742,862

139,551

(136,578)

745,835

Entrance Road & Carpark

249,282

15,773

(23,118)

241,937

Range Equipment

134,789

13,464

(27,669)

120,584

118

(15)

103

5,429,799

455,045

(11,215)

(509,750)

11,215

5,375,094

Depreciation

Write Back of Accumulated Depreciation

Carrying amount at 31 March 2020

98,525

5,429,799

Carrying amount at 31 March 2021

Golf Club Clubhouse Clubhouse Plant & Equipment

Capital Improvements

Carrying amounts at 1 January 2019

Prior year Property, Plant & Equipment

5,510,530

Additions

508,269

Disposals

(99,061)

(588,464)

Consolidated Entity Carrying amounts at 1 April 2020

Additions

Disposals

Depreciation

Write Back of Accumulated Depreciation

703,704

3,808,721

120,340

(155,444)

3,773,617

91,731

62,149

(54,166)

99,714

Course Buildings

159,507

6,852

(16,425)

149,934

Administration Plant & Equipment

Freehold Land* Clubhouse Clubhouse Plant & Equipment

149,204

54,570

(11,215)

(48,515)

11,215

155,259

Bar & Plant Equipment

37,262

4,173

(7,521)

33,914

Catering Plant & Equipment

36,293

38,173

(20,959)

53,507

Golf Carts

20,030

(19,340)

690

Course Plant & Equipment

742,862

139,551

(136,578)

745,835

Entrance Road & Carpark

249,283

15,773

(23,118)

241,938

134,789

13,464

(27,669)

120,584

118

(15)

103

11,215

6,078,798

Range Equipment Capital Improvements

6,133,503

455,045

(11,215)

(509,750)

2020/21 Annual Report

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 Carrying amounts at 1 January 2019

Prior year Property, Plant & Equipment

6,169,230

Additions

Disposals

553,269

(99,061)

Depreciation

Write Back of Accumulated Depreciation

Carrying amount at 31 March 2020

98,525

6,133,503

(588,460)

* The Freehold Land at 31st March 2021 is recorded at a carry forward value from prior years. This value will increase as a result of the purchase of equity in Glenelg Golf Links Limited which owns the land on which the golf course is situated. This will also include a reduction applied to reflect the reduction in Share Capital of outside equity interests. c)

Impairment Losses

Given there were no indicators of impairment, there were no impairment losses recognised in current year (2019/2020: nil). Consolidated 2020-2021 2019-2020 $ $

Golf Club 2020-2021 2019-2020 $ $

NOTE 7 - RIGHT OF USE ASSETS 47,128 (29,592) 658,851 (302,363) 374,024

Golf Carts Accumulated Depreciation Course Equipment Accumulated Depreciation

47,128 (16,440) 546,461 (164,781) 412,368

47,128 (29,592) 658,851 (302,363) 374,024

47,128 (16,440) 546,461 (164,781) 412,368

Per changes to AASB 16 (effective January 2019) - the Operating Leases in place for Golf Carts and Course Equipment are required to be recorded as a Right of Use Asset and depreciated on a straight line basis over the life of the lease. Lease for 6 Golf Carts expiring July 2022 - no view to extension or purchase Golf Carts Course Equipment Lease for Toro machinery expiring July 2021 - equipment purchase option available Lease for Toro machinery expiring April 2023 - equipment purchase option available Lease for Toro machinery expiring July 2024 - equipment purchase option available Lease for Toro machinery expiring Nov 2025 - equipment purchase option available

Golf Carts

Depreciation charged related to right-of-use assets Interest Expense on Lease

Course Equipment Depreciation charged related to right-of-use assets Interest Expense on Lease

2020-2021 $ 13,152 1,017 137,582 16,702

Asset Value 31/3/21 $17,536 $10,487 $77,738 $163,366 $104,897 $374,024 2019-2020 $ 16,440 1,989 126,136 17,776

NOTE 8 - TRADE & OTHER PAYABLES Trade Creditors Other Creditors

335,760

546,248

335,760

71,589

57,695

71,023

57,129

407,349

603,943

406,783

603,377

81,428 123,804 (104,222) 101,010

74,857 106,482 (99,911) 81,428

81,428 123,804 (104,222) 101,010

74,857 106,482 (99,911) 81,428

546,248

NOTE 9 - PROVISIONS a) Short-Term Provisions - Annual Leave Opening Balance Additional Provisions Raised Amounts Used

34 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 Note

Consolidated 2019-2020 2018 $ $

Golf Club 2019-2020 2018 $ $

Long-Term Provisions - Long Service Leave

Opening Balance Additional Provisions Raised Amounts Used

114,259 23,765 (47,145) 90,879

121,157 16,013 (22,911) 114,259

114,259 23,765 (47,145) 90,879

121,157 16,013 (22,911) 114,259

10,000 10,000

1,210,000 1,210,000

NOTE 10 - BORROWINGS a)

Short-Term Borrowings

Bank Loan b)

Long-Term Borrowings

Bank Loan

The Club has a loan facility of $2,200,000 which is secured by registered mortgages over land owned by Glenelg Golf Links Limited. At 31 March 2021, $10,000 of the Club’s facility was utilised (31 March 2020: $1,210,000).

NOTE 11 - LEASE LIABILITIES (a) SHORT-TERM LEASE LIABILITIES Lease Liabilities

167,235 167,235

151,840 151,840

167,235 167,235

151,840 151,840

379,904 379,904

312,275 312,275

379,904 379,904

312,275 312,275

Lease Commitments Payable - minimum lease payments within 12 months between 12 months & 5 years greater than 5 years Minimum Lease Payments

186,327 400,608 2,430 589,365

167,669 330,521 498,190

186,327 400,608 2,430 589,365

167,669 330,521 498,190

Less Future Finance Charges Present Value of Minimum Lease Payments

(42,226) 547,139

(34,075) 464,115

(42,226) 547,139

(34,075) 464,115

1,581,488 805,720 67,588 6,236 42,443 118,254 213,981 2,835,710

1,818,854 614,776 47,895 13,024 36,674 96,599 23,480 2,651,302

1,581,488 805,720 67,588 6,236 42,443 118,254 213,981 2,835,710

1,818,854 614,776 47,895 13,024 36,674 96,599 23,480 2,651,302

(b) LONG-TERM LEASE LIABILITIES Lease Liabilities

NOTE 12 - LEASE LIABILITIES

NOTE 13 - OTHER CURRENT LIABILITIES Membership in Advance Entrance Fees - Accrued Function Deposits Catering levy unabsorbed Trophy account Foundation - Junior & Infrastructure Funds Heritage Fund

2020/21 Annual Report

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 NOTE 14 - RECONCILIATION OF CASH FLOW FROM OPERATIONS WITH PROFIT FROM OPERATING ACTIVITIES Consolidated 2020-2021 2019-2020 $ $ Profit from Ordinary Activities

Golf Club 2020-2021 2019-2020 $ $

286,017

(630,982)

286,017

(630,982)

660,484 (3,798) (1,636)

769,685 (327) (26,316)

660,484 (3,798) (1,636)

769,685 (327) (26,316)

(Increase)/Decrease in Other Current Assets (Increase)/Decrease in Inventory

1,174,432 (12,186) 19,615 27,355

(1,084,237) 1,842,859 (48,698) 64,703

1,174,432 (12,186) 19,615 27,355

(1,084,237) 1,842,859 (48,698) 64,703

Net Cash Inflow from Operating Activities

2,150,284

886,687

2,150,284

886,687

Non cash flows in profit from ordinary activities Depreciation Provision for Employee Benefits (Profit)/Loss on Sale of Non Current Assets Changes in Assets & Liabilities (Increase)/Decrease in Debtors Increase/(Decrease) in Trade Creditors and Accrued Expenses

NOTE 15 - FINANCIAL INSTRUMENTS a)

Interest Rate Risk The Club’s exposure to interest rate risk, which is the risk that a financial instrument’s value will fluctuate as a result of changes in market interest rates and the effective weighted average on those financial assets and liabilities, is as follows: Weighted Average Effective Interest Rate

Financial Assets Cash at Bank

Financial Liabilities Borrowings b)

Fixed Interest Rate Maturing

Floating Interest Rate

Within 1 Year

1 to 5 Years

2020-2021

2019-2020

2020-2021

2019-2020

2020-2021

2019-2020

2020-2021

2019-2020

0.15

700,396 700,396

422,963 422,963

4.1

4.85

10,000

1,210,000

10,000

1,210,000

Credit Risk The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets is the carrying amount, net of any provisions for doubtful debts, as disclosed in the Balance Sheet and notes to the financial statements.

Net Fair Values The aggregate net fair values and carrying amounts of financial assets and financial liabilities are not materially different from those disclosed in the Balance Sheet and in the notes to and forming part of the accounts.

The Club has performed a sensitivity analysis relating to its exposure to interest rate risk at balance date. The sensitivity analysis demonstrates the effect on the current year results and equity which could result from a change in these risks.

At 31 March 2021, the effect on profit and equity as a result of changes in the interest rate, with all other variables remaining constant would be as follows:

36 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 Consolidated 2020-2021 2019-2020 $ $

Golf Club 2020-2021 2019-2020 $ $

Change in Profit Increase in the interest rate by 2% Decrease in the interest rate by 2%

(200) $200

(24,200) 24,200

(200) 200

(24,200) 24,200

Change in Equity Increase in the interest rate by 2% Decrease in the interest rate by 2%

(200) 200

(24,200) 24,200

(200) 200

(24,200) 24,200

NOTE 16 - AUDITOR’S REMUNERATION Remuneration of the Auditor of the parent entity for: 11,000 11,000

Auditing & Reviewing the financial report

13,350 13,350

11,000 11,000

13,350 13,350

NOTE 17 - RELATED PARTIES a)

The Club paid rent of $0 to Glenelg Golf Links Limited in which it has a majority shareholding, for use of the Golf Course (2019-2020 - $0).

The names of the persons who were officers of Glenelg Golf Club Incorporated at any time during the period ended 31 March 2021 and formed the Committee of Management are as follows: Bevan M. Roberts (Captain) Greg C. Rundle (Captain) Imelda C. Lynch (Vice-Captain) Carolyn J. Dillon Paul M. Gander Paul J. Grosvenor Sid S. Kookana Scott Petherick Ben Winton

Term Completed June 2020 Elected June 2020 Elected June 2020 Elected June 2020 Elected March 2018 Elected March 2019 Elected March 2019 Elected June 2020 Elected June 2020

During the period there were no related party transactions.

NOTE 18 - CONTINGENT LIABILITIES The Club’s objection to the land tax assessment for 2019/20 was upheld and therefore no expense or accrual has been recognised in relation to 2020/21 land tax. The Club understands that Revenue SA intends to review the eligibility for an exemption from land tax at the end of each financial year.

NOTE 19 - AFTER BALANCE DATE EVENTS There were no after balance date events that need to be brought to the attention to the users of the accounts, however it is noted that the impacts of the COVID-19 pandemic continue to have a minor impact on operations. With border restrictions and capacity restrictions still being implemented from time to time.

NOTE 20 - ASSOCIATION DETAILS The principal place of business of the association is 20-118 James Melrose Road, Novar Gardens, South Australia, 5040.

2020/21 Annual Report

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2021 NOTE 21 - CAPITAL EXPENDITURE COMMITMENTS Capital expenditure commitments contracted for: $ Plant & Equipment Purchases Capital Expenditure Projects

Payable: within 12 months between 12 months and five years greater than 5 years

Appropriate financing is in place, and from time to time the Committee of Management reviews the debt position (and takes action as necessary) to ensure the Club remains viable and can continue as a going concern. The Club’s debt and capital includes financial liabilities, supported by financial assets. The bank loans are secured by registered mortgages over the land and this forms an imposition on capital requirements. (Note 10) The committee members effectively manage the Club’s capital by assessing the Club’s financial risks and adjusting its capital structure in response to changes in these risks and in the market. The responses include the management of debt levels. There have been no changes in the strategy adopted by management to control the capital of the Club since the prior year. This strategy is to ensure that there is sufficient cash to meet trade and sundry payables and borrowings.

NOTE 22 - CONTROLLED ENTITIES 2020-2021 Country of Incorporation Controlling Entity Glenelg Golf Club Inc

Australia

Controlling Entity Glenelg Golf Links Ltd

Australia

* percentage of voting power in proportion to ownership

38 Glenelg Golf Club Incorporated

ABN 94 199 789 857

2019-2020

Percentage Owned (%) *

63.5%

GLENELG GOLF CLUB INCORPORATED STATEMENT BY COMMITTEE

In the opinion of the Committee of Management of Glenelg Golf Club Incorporated:

(a) The attached consolidated statements of Glenelg Golf Club Incorporated, comprising the balance sheet, income statement, statement of changes in equity, statement of cash flows and notes to the financial statements for the period ended 31 March 2021 are, in our opinion, properly drawn up so as to give a true and fair view of the state of affairs of the Club and the consolidated entity as at 31 March 2021, and of their results for the year then ended.

(b) At the date of this statement there are reasonable grounds to believe that the Club will be able to pay its debts as and when they fall due.

The accounts have been made out in accordance with applicable Accounting Standards.

In accordance with section 35(5) of the Associations Incorporations Act, 1985, the Committee of Glenelg Golf Club Incorporated hereby states that during the financial period ended 31 March 2021:

There were no related party transactions.

This report is made in accordance with a resolution of the Committee of Management and signed by two Members of the Committee.

Dated this 20th day of May 2021.

Greg Rundle Captain

Sid Kookana Committee Member

2020/21 Annual Report

Bentleys SA Audit Partnership Level 5 63 Pirie Street Adelaide SA 5000 GPO Box 939 Adelaide SA 5001

Independent Audit Report to the members of Glenelg Golf Club Inc.

ABN 43 877 091 903 T +61 8 8372 7900 F +61 8 8372 7999 admin@adel.bentleys.com.au bentleys.com.au

Opinion We have audited the accompanying financial report of Glenelg Golf Club Inc. which comprises the statement of financial position as at 31st March 2021, the statement of profit or loss and other comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and the statement by the committee of the association. In our opinion, the financial report gives a true and fair view of the financial position of Glenelg Golf Club Inc. as of 31st March 2021, and of its financial performance and its cash flows for the period then ended in accordance with Australian Accounting Standards and the Associations Incorporation Act 1985 (SA). Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent of the Club in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Committee's responsibility for the financial report The Committee of the Club is responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Associations Incorporation Act 1985 (SA). This responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. A member of Bentleys, a network of independent advisory and accounting firms located throughout Australia, New Zealand and China that trade as Bentleys. All members of the Bentleys Network are affiliated only, are separate legal entities and not in partnership. Liability limited by a scheme approved under Professional Standards Legislation. A member of Allinial Global – an association of independent accounting and consulting firms. Professional Standards Legislation.

In preparing the financial report, management is responsible for assessing the Club’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Club or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the Club’s financial reporting process. 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 the 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 in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report. A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/Home.aspx. This description forms part of our auditor’s report.

Bentleys SA Audit Partnership

DAVID FRANCIS PARTNER

Dated this 31st day of May 2021

A golf course that inspires the senses; a Club experience that elevates the spirit. Escape to The Bay.... GLENELG GOLF CLUB INCORPORATED ABN 94 199 789 857

Glenelg Golf Club James Melrose Road NOVAR GARDENS SA 5040

42 Glenelg Golf Club Incorporated

(08) 8350 3200 www.glenelggolf.com reception@glenelggolf.com ABN 94 199 789 857

2020/2021 Glenelg Golf Club Annual Report

Articles inside

Financial Reports

Finance

Performances of Note

Heritage Fund & 50 Year Club

Office Bearers

Audit Report

Course & Maintenance

Captains Report