TH
ET AN A N N UA L
ANNUAL REPORT 2009/2010
GL
RE
PO
IN
RT CL 20 U 09 B /2 01 0
OUR VISION To be the most sought-after premier club in Singapore, constantly exceeding the expectations of members. OUR MISSION To provide a first-class dining, sporting and recreation facility to meet the needs of a diverse multi-national membership.
THE TANGLIN CLUB
CONTENTS GENERAL COMMITTEE PRESIDENT’S MESSAGE TREASURER’S REPORT FIVE YEAR COMPARISON RECORD OF MEETINGS
2 3 4 5 7
SUB-COMMITTEE REPORTS DEVELOPMENT & PROPERTY ENTERTAINMENT FOOD & BEVERAGE HUMAN RESOURCE LIBRARY & CLUB RELATIONS MAGAZINE & WEBSITE MEMBERSHIP & RULES TENDERS & PURCHASING SPORTS & RECREATION
8 10 12 14 15 16 17 19 20
SPORTS SECTION REPORTS BALUT BILLIARDS BRIDGE FITNESS GOLF LAWN BOWLS SCUBA SQUASH SWIMMING TENNIS
21 22 23 24 25 26 27 28 29 30
FINANCIAL STATEMENTS STATEMENT BY THE GENERAL COMMITTEE AUDITORS’ REPORT STATEMENT OF FINANCIAL POSITION STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF CHANGES IN FUND STATEMENT OF CASH FLOWS NOTES TO FINANCIAL STATEMENTS
31 32 33 34 35 36 37
NOTICE OF ANNUAL GENERAL MEETING
52
AUDITORS DELOITTE & TOUCHE (CERTIFIED PUBLIC ACCOUNTANTS)
PRINCIPAL BANKERS CITIBANK DBS BANK HSBC STANDARD CHARTERED BANK UNITED OVERSEAS BANK ANNUAL REPORT 2009/2010
1
GENERAL COMMITTEE 2009/2010
Standing (from left): Vincent Troy, David Palmer, Dr Richard Tan, Robert Wiener, Eric Lee Seated (from left): Frank Newman, Nan Sandford, Humphrey Chua, Joseph Chew, Shanta Sundarason, Dr Albert Wee
Joseph Chew President
David Palmer Vice President
Humphrey Chua Honorary Treasurer
Committee Members Eric Lee Frank Newman Nan Sandford Shanta Sundarason Dr Richard Tan Vincent Troy Dr Albert Wee Robert Wiener
2
THE TANGLIN CLUB
PRESIDENT’S MESSAGE
It gives me great pleasure to pen the foreword of the Club’s 2009/10 Annual Report. It has been an eventful year. The General Committee (GC) together with the Management of the Club took stock of where the Club was in early 2009 and quickly determined where the Club should be going. It was not an easy task bearing in mind the interests of the major stakeholders namely the members of the Club. I am glad to report that we have embarked on several projects and exercises which will land the Club in good stead going forward.
and remain relevant. With this in mind, the MRSC has been working diligently on some rule changes. Firstly, it is proposed that the wordings of the Rules be tidied up to improve readability and understanding. Secondly, a number of rule changes are being proposed. These rule changes have to be approved at the upcoming Annual General Meeting on Monday 26 April 2010.
spurred the members to come to the Club to savour the entertainment as well as the food and beverage.
During the financial year 2009/10, the Club welcomed 114 new Ordinary Members and 81 Term Members. Membership growth in the year under review, was slower when compared to the previous year. A related development to membership was the capacity study commissioned by the Club to the Singapore Management University. The study was to help the Club determine the utilisation of the Club’s facilities and amenities, and the optimal membership capacity.
I am happy to report that in the past year, the Club has seen greater harmony in the General Committee; and between the GC and the membership through better communication and being more sensitive to the needs of members.
The report was presented to members at a recent M&R Dialogue. With the members’ feedback, we will moderate the report and undertake the agreed recommended actions.
The renovation and upgrading works of the Wheelhouse, the swimming pools and the surrounds will start in June 2010 and should be completed by October 2010. The iconic Churchill Room will be receiving a facelift, so to speak and its menu revamped. The landscaping works at the new Sports & Recreation Complex is completed. Only the walkway between the Squash Centre and the car park has to be done pending approval of the authorities.
Food & Beverage, which has to be the anchor of the Club did well. Food covers grew for most F&B outlets. Gross F&B revenue grew by a hefty $700,000 from $8.2m in 2008/09 to $8.9m in 2009/10. Menus in the different outlets were modified and/ or upgraded to reflect members’ preferences. However at all times prices were kept attractive if not low, bearing in mind that this is a Members’ Club.
The Membership and Rules SubCommittee (MRSC) and the M&R management staff have been particularly busy addressing the Club Rules, so that these Rules are updated
Working hand-in-hand and supporting the F&B team is the Events & Entertainment team. There is never a month that went by that the Club did not have topical events that must have ANNUAL REPORT 2009/2010
Not to be outdone are the Sports & Recreation sections, which are to be credited with the various tournaments in golf, tennis, squash, swimming etc. A new Darts Section was set up recently and is already having a good following.
There are and always will be times when we cannot react as fast or in the manner expected. We seek your kind understanding and patience. It now leaves me to thank my fellow GC and Sub-Committee members for their general services, the Management and staff of the Club for their dedication and hardwork and last but not least all the members for their kind support.
Joseph Chew President The Tanglin Club
3
TREASURER’S REPORT
FINANCE SUB-COMMITTEE Humphrey Chua (Convenor) Joseph Chew (Deputy Convenor) Frank Newman Patrick Docherty Lim Kian Kok Tan Kai Seng Yap Boh Pin FINANCIAL SUMMARY Despite an uncertain global period, for the financial year ended 31 Jan 2010 the Club recorded an Operating Surplus After Tax of $3.391m against budget of $4.613m. The lower than budgeted surplus arose from Entrance Fees of $3.94m which was lower by $2.8m against the previous year. Cash at Bank and Fixed Deposits stood at $14.321m and Investment from the 5% OCBC Bond maturing in September 2011 with net book value at $10.307m, giving total available Cash of $24.628m. The cash-flow for the financial year remained positive and Interest earned for the financial year was $555k. However, on the business line results, F&B operations with higher revenue of $8.918m (2009: $8.278m) suffered a deficit of $2.784m (2009 deficit: $3.324m) arising from higher cost of sales not passed on through higher selling price. The Sports & Recreation operations also revealed comparable deficit of $1.622m (2009: $1.635m). Comforting to note, Members Subscriptions of $7.63m, together with the rental & commission income of $374k, were more than sufficient to cover other operating costs and utilities of $6.45m. All other business lines produced surpluses - Jackpot operations generated higher net surplus of $945k, up by $160k from prior year and Guestrooms achieved an operating surplus of $769k. The jobs credit for this year amounted to $521k. This is projected to reduce to $95k after considering the reduction from 12% in the last FY to 6% from January to March 2010, 3% from April to June 2010 and no further rebates from the Government thereafter. The Balance Sheet of the Club remained conservatively strong with Net Assets standing at $59.409m. (2009: $56.018m). No revaluation of the Club’s properties were made, which still stands at Property Revaluation Reserve of $2.258m. On Capital Expenditure, the final payment to the Master Plan was completed in two trenches after ensuring that all defects were
4
recognized and made good with warranties, $554k on 21 December 2009 and $698k on 8 March 2010, totalling $1,252k. Other major Capital Expenditure as approved by GC not exceeding $250k per project item (per Club Rule 4(v), capital expenditure of less than S$250,000/- in aggregate can be approved by the General Committee) totalled 3 (landscaping works and its surroundings including the garden and covered walkway at S&R building $200k, installation of CCTVs $100k, installation of outdoor tennis lightings $108k). At the SGM held on 8 February 2010, the members voted in favour of the refurbishment of Wheelhouse and Pool Project at an amount not exceeding $3.5m. The Club finances and cash-flows are able to fund all the above Capital Expenditure. Extraordinary legal fees arising from members’ action against the Club and Committee came to $217k. The Club will make every effort to claim against the Directors & Officers Liability Insurance Policy. CLUB ACTIVITIES The Club had been more vibrant with more members coming back to enjoy the myriad of sports and social activities as well as patronizing the F&B outlets. For Club activities and achievements held in the financial year, kindly refer to the respective Convenors’ reports. BUDGET 2010/2011 For the coming financial year, the Club has budgeted a net surplus of $744k, compared to this financial year’s $3,391k. The major variances are: • no property tax rebate next FY (expense increase by $107k) • reduction in jobs credit from $521k to $95k (expense increase by $426k) • higher depreciation of $570k due to full impact on S&R building and additional new capital expenditure planned for the new FY • write back of bonuses of $635k in FY ending January 2010 • lower F&B sales by $346k, assuming lower collections from Wheelhouse which will be closed for refurbishment for about 3 months • lower guestroom revenue by $254k, assuming closure for renovation for 3 months Total capital expenditure budgeted amounts to $6.687m. Major items are as follows: • Wheelhouse and Swimming Pool renovation at $3.5m • Guestrooms upgrade including M&E works estimated at $1.6m THE TANGLIN CLUB
• • •
Improvement to M&E and ACMV (for energy efficiency arising from energy audit) at $500k Churchill Room minor renovation at $200k Jackpot machines replacement at $135k
Notwithstanding the above expenditures, the budget revealed that at end of financial year 31 January 2011, the Club will continue to have positive cash balance of $12.4m (not including the $10m Bonds). FINANCE SUB-COMMITTEE During the financial year and on an ongoing basis, the Finance Sub-Committee, together with the General Manager and the Financial Controller had worked on recommendations to streamline areas of operations for cost reductions without compromising on quality and efficiency, to improve accounting systems and procedures and to ensure that the financial records and reports are accurate, timely and to show a true and fair view as required under good governance and practice. We are also looking into ways to improve productivity in the area of integrating the current Front Office to Back Office Accounting System, using the computerized Inventory Control System to work out the F&B costs and for stock take, and using the computerized Checking System for cheque issuance. As I approach the end of my term, I would like to thank the members of the Finance SubCommittee, the Finance department and the other departments in giving their commitment in ensuring good work ethics, cooperation and for their support and contributions. Humphrey Chua Honorary Treasurer
FIVE YEAR COMPARISON PERFORMANCE RESULTS FOR THE PAST 5 YEARS 2009/10
2008/09
2007/08
2006/07
2005/06
Guest Room rental
1,219
1,261
1,097
967
832
Subscriptions fees
7,630
6,797
5,684
5,444
5,315
Food and Beverage sales
8,918
8,278
7,782
7,232
6,747
Jackpot collections
1,372
1,215
1,182
1,026
1,066
Sports and Recreation
326
279
122
119
118
Miscellaneous
375
354
332
293
282
19,839
18,184
16,200
15,081
14,361
3,941
6,970
4,948
3,249
2,938
555
231
699
953
885
4,495
7,201
5,647
4,202
3,823
24,334
25,386
21,847
19,283
18,184
Cost of food and beverage sales
3,983
3,644
3,286
2,971
2,826
Staff and related costs
8,135
9,148
8,828
7,796
7,580
Other operating costs
4,461
4,004
4,017
3,414
2,731
Water and electricity
1,991
1,879
1,408
1,266
1,113
Depreciation
2,122
1,982
1,239
1,148
1,081
Property tax
161
269
269
269
269
20,854
20,926
19,046
16,863
15,599
3,480
4,460
2,801
2,420
2,585
89
-11
151
16
150
3,391
4,471
2,650
2,404
2,435
24,628
20,419
21,802
23,339
28,744
Beverage/ cigarette cost of sales
49.2%
47.1%
47.9%
46.5%
47.8%
Food cost of sales
43.0%
42.8%
40.0%
38.9%
39.5%
236
233
219
216
REVENUE
Total operating revenue Entrance fees Investment income Other Operating Income Total Revenue EXPENSES
Total operating expenditure Net Operating Surplus Less : Taxation Net surplus for the year
Cash balance including investments
Staff Strength at year end
ANNUAL REPORT 2009/2010
212
5
TOTAL REVENUE for the years ended 31st January ($’000) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000
Guestroom Jackpot Collections Entrance Fees
Subscriptions Fees Sports & Recreation Investment Income
TOTAL REVENUE for year 2010
6
THE TANGLIN CLUB
Food & Beverage Sales Miscellaneous
2009/10
2008/09
2007/08
2006/07
2005/06
0
RECORD OF MEETINGS Record of meetings attended by General Committee Members May 2009 to March 2010 A B C D E
General Committee Development & Property Finance Human Resource Food & Beverage
Committee No. of meetings held Joseph Chew David Palmer Humphrey Chua Eric Lee Frank Newman Nan Sandford Shanta Sundarason Dr Richard Tan Vincent Troy Dr Albert Wee Robert Wiener
F G H I J
A 9 9 9 9 6 9 9 8 9 8 7 9
B 9
Membership & Rules Entertainment Sports & Recreation Magazine & Website Tenders & Purchasing
C 10 8
D 9
E 8
K Library & Club Relations L Introduction Evenings M Interview of Candidates
F 9
G 10
6
H 9
I 10 1
J 9
K 9
7
8 9 7
7 6
10 10
6 7
8
7 9 7
ANNUAL REPORT 2009/2010
6 8 10
3
L 8 7 7 8 6 8 8 5 8 5 8 7
M 17 4 4 4 2 5 15 1 2 4 3
7
SUB-COMMITTEE REPORT
DEVELOPMENT & PROPERTY
DEVELOPMENT & PROPERTY SUB-COMMITTEE Dr. Richard Tan (Convenor) Shanta Sundarason (Deputy Convenor) V. Krishna Jeffrey Beh Tan Siang Chik Chen Teck Shing Kevin Gin VISION & FOCUS OF THE DEVELOPMENT & PROPERTY SUB-COMMITTEE We are set to improve the upkeep of the Club’s premise by implementation of proactive maintenance. By doing so, the Club will be able to have an accurate projection of cyclical maintenance expenses. A carefully drawn development plan will also be put in place to ensure that the Club is constantly updated to meet the members’ changing needs. MASTER PLAN DEVELOPMENT I am happy to report that all works related to the Master Plan Development had been completed including the finalization of the accounts with the main contractor, Sanchoon Builders Pte Ltd. The sprinkler system for the lawn bowls green is now equipped with a water tank and modifications works had been made to the sprinklers enabling them to cover the whole lawn bowls area. The watering of the green can now be carried out in an efficient and effective manner. IMPROVEMENT WORKS AT THE SPORTS COMPLEX Improvement works had been carried out for the area in front of the Squash Centre. The
landscape along the boundary fence is now decorated with lush and leafy plants providing a natural screen for the Club from public’s view. We had also enlarged the beer garden thus increasing the seating capacity, allowing more members to chill out at the beer garden after their workout. The upgraded beer garden comes with a timber deck and is partially roofed with glass so that it blends well with the surrounding landscape. A covered walkway connecting the Sports Complex and the Squash Centre was also constructed to provide shelter during rainy days. WHEELHOUSE, SWIMMING POOL AND SURROUNDS UPGRADING An amount of $500,000 has been set aside in the FY2009/2010 budget for the re-tiling of the swimming pool. Having taken into consideration that the re-tiling of the swimming pool will have its impact on the Wheelhouse and swimming pool surrounds, the General Committee decided to include these two areas, which are weary and outdated, for upgrading. The upgrading plan aims to integrate facilities and optimize the use of space in the Club. As such, the General Committee called for a Special General Meeting on 8 February 2010 to seek approval for a budget of $3.5 million to execute the upgrading plan and the resolution was passed. The Management is now working closely with the designer to refine the proposal and explore the feasibility of incorporating members’ input into the proposal. LOOKING AHEAD We had made plans to upgrade the existing facilities in the Club and the primary focus is to enhance the physical condition of facilities
8
THE TANGLIN CLUB
and keeping it updated to meet the needs of members. One area of priority will be our guestrooms which are extremely popular judging from our occupancy and also vital to the financial success of the Club. However guest feedback indicates that they look very tired especially our bathrooms and the air-conditioning system are in need of a major overhaul. Churchill Room, being an outlet that offers fine dining, is often utilized to hold events and weddings. The upgrading aims to bring it back to its glorious days and also equip it with modern infrastructure to handle the advanced audio & visual needs of users. The existing set-up at the Terrace, Terrace Bar and Wine Bar presents a challenge. We could enhance their individual identity or integrate the outlets with a common theme e.g. bar cum alfresco dining. The main lobby looks weary in its current state and deserves a make-over to restore its majestic character in a contemporary fashion. The DPSC will put recommendations in place to improve all those facilities to ensure The Tanglin Club remains the most thought after club in Singapore. In conclusion, I would like to thank each and every member, for the valuable time and effort given, in enhancing the Club to what it is today. Dr Richard Tan Development & Property Convenor
SUB-COMMITTEE REPORT
DEVELOPMENT & PROPERTY COST REPORT ON ADDITION AND ALTERATION WORKS TO THE TANGLIN CLUB At 31 January 2010 CONTRACT PACKAGES
AWARDED CONTRACT SUMS $
PILING CONTRACT
1.0 1.1.1 1.2.1 1.3.1 1.3.2 1.3.3 1.4.1 1.4.2 1.4.3 2.0 2.1 2.2.1 (a)
Main Builder’s Works General Preliminaries Cost for Bond & Insurances & Discount, etc Builder’ Works - Architectural & Structural Variations to Builder’s Works Variations not in Master Plan M&E Works Variations to M&E Works (as advised by Squire Mech) Variations not in Master Plan
FINAL at 31 Jan 2010 $
921,395.00
760,992.23
1,531,207.00
1,531,207.00
370,000.00 9,004,420.00 0.00
370,000.00 9,004,420.00 411,232.41 0.00 3,439,303.00
3,439,303.00 0.00
728,624.40 0.00
350,000.00
248,200.00 0.00
3,094,000.00 0.00 0.00 200,000.00 200,000.00
2,038,930.00 0.00 11,647.85 364,020.00 196,385.00 243,457.00
(b) 2.2.2 2.2.3 2.3 2.4
Prime Cost Sums Vertical Transportation Interior Fitting-Out Works PC Sum for Interior fitting-Out Works and Built-in Joinery Works PC Sum for Loose Furniture, Fixtures and Lockers Variations to ID NSC Variations not in Masterplan / F1 Bar Equipment Audio Video Equipment
3.0 (a) (b) (c) (d) (e) (f) (g)
Provisional Sums Builder’ Works in Connection with Services Installation Interior Fitting-Out Works to Hair Salon Interior Fitting-Out Works to Spa/Health Club Diversion fo Existing Services Services Connection Fee Landscaping Works Contingencies
200,000.00 160,000.00 864,000.00 175,000.00 60,000.00 100,000.00 843,000.00
0.00 0.00 0.00 17,441.25 0.00 100,000.00 0.00
4.0
Builder’s Profit & Attendance on Prime Cost
107,070.00
68,963.34
TOTAL FOR MAIN CONTRACT
20,698,000.00
18,773,831.25
TOTAL TO PILING & MAIN CONTRACT WORKS [exclusive of GST]
21,619,395.00
19,534,823.48
1,400,000.00
1,880,600.00
1,072,046.10 260,000.00 423,282.39 10,600.00 3,400.00 91,850.37 23,011.04 8,930.00 18,100.00 1,911,219.90
23,499,995.00
21,446,043.38
5.0 5.1 5.11 5.2 5.3 5.4 5.5 5.6 5.7 5.8
ADD Consultants’ Fee HBO Fees Site Administration Accredited Checkers Models and Prospective Authorities Submission Fee Authorities Submission Fee to SLA Structural Investigation Fees Demolition of sub-station Total for ‘ADD’
350,000.00 10,600.00 12,000.00 75,000.00 23,000.00 10,000.00
TOTAL COST including Consultancy Fees and Site Administration
GRAND TOTAL
REMARKS
Final Account signed
21,446,043.38
List of Items not to be included in Masterplan
(528,864.92)
Total less excluded items
Tangles Kitchen, POS Cabling, Equipment Room
20,917,178.46 ANNUAL REPORT 2009/2010
9
SUB-COMMITTEE REPORT
ENTERTAINMENT
Clockwise (from top): Robert Wiener, Tan Chin Ngiap, Kate Stanley, Patricia Hancock-Teoh, Shirley Low, Angelina Tan, Vanitar Sindaya and Tony Liok.
ENTERTAINMENT SUB-COMMITTEE Robert Wiener (Convenor) Patricia Hancock-Teoh Kathy Birkbeck Shirley Low Tan Chin Ngiap Tony Liok Kate Stanley CHILDREN SUB-COMMITTEE Christine Kwee Rachelle Lau Soon Pek Quan DEPARTMENT STAFF Angelina Tan - Events Manager Vanitar Sindaya - Events Executive Komala Attegan - Playroom Officer Nishalani Nair - Playroom Officer SUMMARY OF EVENTS & ENTERTAINMENT Number of events from January to December: • 22 special events • 4 Ladies Luncheon • 2 Adults Art Workshop Most of our events attracted an average attendance of 100 to 120 members and guests. Some of the few successful events with overwhelming crowds of more than 160 members and guests were the Peranakan Evening held in June, Golden Oldies Night in July and Oktoberfest in September. In May, the Annual Club Party themed “Blue Hawaii” had a successful turnout of over 800 members and their guests. It was a fun-filled evening with heart-pounding entertainment and great food & beverage throughout the night.
Golden Oldies
10
In support of Spa Botanica, we held two therapeutic Spa events in July and October, which saw approximately 25 attendees. NYE Ball countdown saw a total of almost 700 revelers through the Club with good entertainment and excellent food & beverage. It was a memorable night for most. Most of all festive events were successful. We had approximately 600 attendees during the Christmas Tree Lighting. In aid of The Children’s Aid Society, a donation box was placed at the reception desk from 29 November till 25 December. A total of $1,333 was collected and we thank those who contributed to this donation. CINEMA Numbers of movies screened from January to December: 48 movies Total Attendance from January to December: Approximately 11,524 Some of the popular movies which received very good response with over 300 viewers were Mama Mia, Sound Dog, Ramen Girl, Australia, Young Victoria, Last Chance Harvey, Gran Torino, Changeling and Up. TEEN SCENE This year, we had the privilege of having Kate Stanley on our committee who is very enthusiastic and active in teenage activities. Although we have not planned anything successfully for this demographic group, we will strive harder to organize activities and events for the upcoming year. There have also been ideas and suggestions brainstormed and put together in setting up at teenage area within the lower ground floor for the Club. This project, we hope, will be looked into seriously and carried forward successfully. CHILDREN’S ACTIVITIES & PLAYROOM Total number of events & activities: 18 Majority of our children’s activities went well in 2009 with an average of 20 children per activity/workshops. To name a few successful events: Sweet Love Chocolate-making Workshop, Modern Etiquette, Science Show, Children’s Easter Party, National Day Brunch, Sweet Scary Night Halloween Party and all the festive baking workshops. Magical Christmas Fairy Tale party was a great success with an attendance of about 120 children. THE TANGLIN CLUB
Our playroom continued to be well-utilized by children age two and above. Operationally, it has been a smooth year. Towards the last quarter of 2009, we spent approximately $350 in replacing and replenishing toys. Beginning of 2009, an advertisement was placed in the magazine titled “Reuse & Recycle” reaching out to members to bring in used toys for the Playroom. Response was fair and we urge members to continue to participate in this recycling project. In continuation of 2008’s success, we brought back the Christmas Pantomime “Aladdin” which was wonderfully performed by The Stage Club over the weekend of our annual Tree Lighting. We had an overwhelming turnout of more than 450 attendees. FY2009/10 BUDGET (FEBRUARY TO DECEMBER 2009) Generated Gross Income Revenue vs Budgeted Gross Special Events Generated Gross Income Revenue - $214,712.32 Budgeted Gross - $170,000 Children’s Activity Generated Gross Income Revenue - $27,564.51 Budgeted Gross - $16,600 Special Events had the opportunity to work in two other events (Peranakan Evening and Oktoberfest) which were not forecasted in the calendar. Children’s Activity brought in substantial revenue for the NYE Family Party. FY2010/2011 The goal for the Entertainment Department for FY2010/2011 is to create a concentrated mix of cultural entertainment that will be capable of contributing to the Club’s social activities by attracting and accommodating members and their guests of diverse cultures and ages. The Entertainment Department will not only seek after local and regional artists to perform or exhibit but will create entertainment that is stimulating, cost effective and attractive. We have finalized our objectives for the year ahead and look forward to generate a Gross Income of no less than $240,000 in all areas of the Entertainment.
SUB-COMMITTEE REPORT
ENTERTAINMENT TERMS OF REFERENCE Terms of Reference for the Entertainment SubCommittee were put together in late December and we are pleased to share the following with you. The Entertainment Sub-Committee is made up of a group no less than four and no greater than eight members including the Convenor and Deputy convenor. The Entertainment Sub-Committee’s role is to focus on all matters pertaining to entertainment and events in the Club. Its primary role is to: • Set the policy and the direction of the Club’s activities (events and entertainment) for the year in question. • Set the policy and direction of the Club’s children’s activities (events and activities) for the year in question • Arrange for the selection of all films in the Club for the year in question • To raise the profile of the Club’s activities within Singapore society
• •
through media coverage in various high profile magazines (Singapore Tatler, The Peak etc) To solicit as far as possible sponsorship (external) for events and activities in the Club Ensure that the budget for the department, inclusive of operating costs, Club subsidies and any new infrastructure is provided for the ensuing year.
OPERATIONALLY There are two separate sub-committees under the entertainment umbrella namely: • The ESC (Entertainment Sub-Com) Through the Events HOD; works closely with the Events Department and makes recommendations to the Management of the Club on all major Club events (Tanglin Ball, NYE Ball, Club Party etc), and all other events/activities in the Club. • The CSC (Children’s Sub-Com) Through the Events HOD; makes recommendations to the Management of the Club on
activities for members’ children age between 5 to 16 years of age. WORD OF THANKS Once again, thank you members for supporting all our events. Please do not hesitate to provide us feedback on any of the events you have participated in, may it be good or bad. However, we will come to you with a yearly survey. In closing, many thanks to all my Committee members for giving so much time and effort to make this year such a success. To the Tanglin Club Entertainment Team, Angelina, Vanitar, Komala and Nishalani, you all make our job so very easy. I know we have achieved a great deal this year and I wish you all the very best for 2010. It has been a great pleasure to be your Convenor this year. Robert Wiener Entertainment Convenor
Golden Oldies
Blue Hawaiian Club Party
Blue Hawaiian Club Party
Oktoberfest
Oktoberfest
Rock & Roll Night
Rock & Roll Night
Shanghai Nights
Christmas Day
ANNUAL REPORT 2009/2010
11
SUB-COMMITTEE REPORT
FOOD & BEVERAGE
F&B SUB-COMMITTEE Frank Newman (Convenor) David Palmer (Deputy Convenor) David Goh Nan Sandford David Hickman It has been a difficult year for all in the F&B department. With the economic situation, expats leaving and staffing tight due to IR’s opening, and average check down 20%, management has done an excellent job in controlling cost without a price increase. Members often do not realize that F&B is quite a complex department with turnover of almost $8 million a year, serves 1000 meals a day and employs 69 people in the kitchens and 77 staff in restaurants - a total of 146 persons. There are four kitchens serving four main types of food, Chinese, Western, Indian, Thai and local dishes to cater to our multinational group of members. From the figures (please see table on the following page) you will note, revenue is up and costs down, and all budgets positive, this resulting in a considerable reduction in losses on direct costing of $563,000 compared to the previous year. (Job credits totaled $270,000). With covers up but individual checks down, it must mean members appreciate the good value of Club services in these difficult economic times. It also means staff are working harder for less revenue. Revenue for combined F&B outlets reached over $1 million in a single month for the first time in December 2009.
CHURCHILL ROOM - OUR FLAGSHIP RESTAURANT A lot of effort was put into trying to introduce a Chinese Restaurant in the Churchill Room, but it always floundered over the Club’s low customer base. Outside contractors were not interested unless the restaurant was open to the public, and internal catering was not cost effective. Top quality Chinese food is 2 to 3 times more expensive to prepare and serve than Western food. Fine dining did not take Deli Lounge off – members were more interested in a wholesome meal rather than “Picasso on a plate”. It was decided to position the restaurant based on an “international theme” with best dishes taken from menus supplied by reciprocal clubs. Food standard and positioning is upmarket from Tavern with prices and quality about 15 to 20% higher. Covers and revenue have already shown an increase. The Club needs both a function room and a premier restaurant, and the Churchill Room serves both. The room was beginning to look tatty, and not befitting the premier restaurant of a 5-star international Club. Designers were consulted, resulting in a “soon to be completed” upgrade of the room. THE TAVERN AND TERRACE The most popular restaurant in the Club - nearly always full as it offers good wholesome food at sensible prices. Menus have been revamped. WHEELHOUSE The highlight of the year was the passing at the SGM in February 2010, of the proposal to renovate the pool, surroundings and the Wheelhouse Restaurant.
Churchill Room
12
This will result in the closure of the restaurant for about three months. Alternative arrangement are in hand to increase serving areas in the Wine Bar, Terrace, Deli and Tangles. This may result in slightly smaller menus in some THE TANGLIN CLUB
outlets but the staff are doing all they can to continue “service as usual”. The restaurant will be much brighter and with a partially-open kitchen, allowing a larger menu with a concentration on local dishes. When completed it will be a very attractive restaurant, befitting a premier Club. Compared to other outlets it is more expensive to staff, as it is open for 15.5 hours a day, and revenue per cover is smaller than in other outlets. THE DELI LOUNGE AND TANGLES These restaurants have proved to be popular, especially at lunch time. Not only do they serve a good meal at reasonable prices, but with the opening of the new car park, parking is much easier. BANQUETING Banqueting sales over the last year have increased by 24% at $1.208 million. Members are now beginning to appreciate the excellent value and facilities the Banqueting Department is offering compared to outside vendors. BARS AND WINE BAR There are five bars in the Club all selling a complete range of drinks. The Wine Bar has not taken off as hoped, but plans are in hand to upgrade this room, after the Wheelhouse renovations are complete. Wine sales have held up surprisingly well this year at $1.012 million - a marginal increase of 3% over last year, and prices are lower than at most other clubs. WINE SECTION The Wine Section held seven functions during the year, including a dinner with Guest Chef
SUB-COMMITTEE REPORT
FOOD & BEVERAGE Jimmy Chok, five wine tasting events and a gala dinner in December 2009.
The F&B policy is to give members 5-star food and service at reasonable prices. With the improvement in the economic situation, it is hoped that price increases can be kept to the minimum. Pricing policy is continually under review.
GENERAL Most clubs in Singapore lose money on their F&B departments. To break even on direct costs at the Club’s F&B outlets means revenue/covers would have to increase by about 10%. With new menus and upgrades, and hopefully additional revenue at all restaurants, it is possible the break even figure will be obtained in a year or so. It is not practical to engage outside caterers to deliver 5-star food and service at a sensible pricing/cost structure.
PERFORMANCE Members sometimes state that staff are not performing as the F&B department continues to lose money. That is not correct. Staff are measured against budget, which is approved by the General Committee. This year, all figures are positive, so staff have performed above expectations.
To recover all costs, both direct and allocated, means menu prices would have to be increased by over 50% which is inconceivable.
Wine Bar
The F&B department has not had an overall price increase for some years yet all costs from food, utilities, staffing etc, have increased in the meantime. Overall, our food & beverage prices are the lowest of the major clubs, although individual items may be higher. Members often complain that some items are more expensive than outside food courts, stalls, etc. Their overheads are usually much lower, their customer base larger, and normally they are only selling one or two lines, which allows for economies of scale. McDonalds can sell hamburgers cheaper than the Club. On the other hand, prices at Raffles are much higher. The Club has first class staff in both kitchens and restaurants, and both service and food
quality have been upgraded this year and complaints way down. The main problem is that the Club is serving members 5-star food and service at 3-star prices, with expensive overheads. With no menu price increase for some time, but with cost cutting measures, increased productivity and increased sales, expenses have decreased, and losses reduced, but this can only carry on for so long, as all costs have increased considerably over the past few years. Some members say that as they are paying a monthly subscription, this should be used to subsidise F&B. Almost all the subscription goes to paying for Club amenities like swimming pool, car parks, sports complex, maintenance, cinema, as well as administration, security and the likes. A 5-star club has to have these amenities, whether members use them or not.
SUMMARY OF F&B FINANCIAL RESULTS 2009/10 ($1000) DIRECT COSTS/REVENUE Y.T.D. Budget
The General Committee sets pricing, number of outlets and menu policy. It is these items that mainly affect the overall cost and profit/loss structure of the F&B department. A BIG THANKS TO ALL It’s been a challenging year for all concerned, not only coping with the economic situation, but a change of management. All agree that there has been a considerable improvement in standards over the period and I am certain that with our team of Executive Chef Louis Tay, Sous Chef Dennis Thng and F&B Operations Manager Johnny Yap, there will be even more improvements in the coming year. My thanks go to all the staff and F&B SubCommittee members for all their help, guidance and assistance in obtaining these excellent results. Frank Newman F&B Convenor
Revenue Cost of Sales Gross Profit Direct Labor Costs Other Direct Costs
8919 3983 4936 4811 1008
8470 3799 4670 4704 867
8244 3644 4600 5015 1032
% increase/decrease over last year +8.2 +9.3 +7.3 -4.1 -2.3
Net Income (Loss) On Direct Costing
-883
-901
-1446
+39.0
Allocated Expenses Utilities Property Tax Depreciation Allocated Labor
991 57 497 357
1003 61 436 342
958 94 472 355
+3.4 -39.4 +5.3 +0.6
Total Allocated Costs
1902
1842
1879
+1.2
Estimated total Loss F&B department
-2784
-2743
-3324
+16.2
44.66 53.95 372,307 23.73
44.99 55.70 319,774 26.15
44.02 60.57 282,607 29.00
+1.5 -10.9 +31.7 -18.2
F&B Cost (%) Labor Costs (%) Total Food Covers Average Check ($)
Last Year
Note: 1. A government “Job Credit Scheme” of $259,000 reduced labour costs by that amount. 2. Including in the accounts is $84,000 for cable vision expenses. 3. About 6000 $50 birthday vouchers will be given to members this year. ANNUAL REPORT 2009/2010
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SUB-COMMITTEE REPORT
HUMAN RESOURCE
From left: Patrick Kwek, Vincent Troy, Eric Lee, Nan Sandford and Adrian Kwong. Inset: Sylvia Lee.
HUMAN RESOURCE SUB-COMMITTEE Eric Lee (Convenor) Nan Sandford (Deputy Convenor) Sylvia Lee Patrick Kwek Vincent Troy Adrian Kwong
Institute of Singapore. Even further emphasis will be given to ensure all service staff will receive compulsory training before serving a single Club member.
We managed to save a big portion of our training budget by fully utilizing all the various government grants, subsidies and absentee payroll assistance available. Total course fees amounted to $14,088.85, after a SDF grant of $50,488 and a SRP grant of $32,358.35.
All work and no play would certainly make one very dull; therefore, staff morale was improved with regular trips to places of interest, giving staff the opportunity to relax, unwind, get to know each other and have a much-needed breather. It allowed staff to form a more cohesive bond with their Staff at a Communication & colleagues, many of whom Relationship Management Workshop. do not socialise with each other outside their normal work schedules. The outings THE LEAP FORWARD proved to be popular, and the In the dynamic work environment that exists Human Resource Department received many in Singapore, people are recognised as the suggestions on places to visit in the future. country’s primary resource, and as an elite Events organised for staff included a visit to social and business club, The Tanglin Club the Singapore Flyer, the Night Safari, a Staff recognises our staff as such a resource. Bowling Tournament and a trip to the Marina Barrage. In-house activities included a cooking In the months to come, specialised training in demonstration by Executive Chef Louis Tay and hospitality, information technology, resource a health talk by an experienced nutritionist. management, coaching and advanced problemsolving skills will be taught by corporate training A new life insurance plan was introduced schools and skilled professionals, carefully to include all levels of staff. With this new identified and selected by the Management. We benefit, our overall benefits plans will be more will do our best to retain the special talent that competitive within the industry. we have and provide them with the enhanced skills to continue to bring the Club to a higher The monthly ‘Town Hall Meetings’ are now level of service standard that members have ‘Staff Gatherings’, which give the staff the come to expect and appreciate. opportunity to hear updates directly from their General Manager and their colleagues from I have the honour and pleasure of thanking Human Resource. A bit of fun is added, and all my fellow Sub-Committee members for their birthdays are now celebrated for those staff support and wise counsel to the Human whose birthdays fall on the current month. Resource department during our tenure. I Cohesive interaction is greatly encouraged, would also like to thank the Management of which allow the staff to raise issues of the Club for their support and hard work in the importance. application of staff-improvement measures and in the implementation of the new HR initiatives. RESULTS ACHIEVED The measures that were implemented produced Eric Lee encouraging results, judging by the increase in Human Resource Convenor complimentary letters from members, and the reduction in complaints. It appears so far, that training has improved the staff’s understanding of their work requirements, and learning new work-flow process, amongst other things, which also improved overall work efficiency and quality of work.
Recently, we have also started a Workforce Skills Qualification in Employability Skills Systems offered by the Tourism Management
Although this achievement is admirable, much more effort can be put in, and will be put in, as the year progresses.
The harsh global economic climate in the first three quarters of 2009 resulted in a negative impact on many businesses here in Singapore. However, the economic outlook for 2010 seems better as companies are more confident and business is picking up. The Club itself managed quite well to sail through these difficult times and we actually have recorded an increase in business in most areas. 2009/10 also saw a nice dip in staff resignations where we managed to reduce the monthly attrition rate to 1.3% as compared with 3.2% from the previous financial year. The Club still showed a high turnover in various department heads but we look forward to a stabilisation in this area with a new management team in place. IMPROVEMENTS Several new initiatives and activities were implemented during 2009 to improve the working environment and work culture of the staff. It began with the area known as the ‘Backof-House’, where the Facilities, Housekeeping, Security, and Kitchen staff engage in their duties; and staff have their changing and resting rooms. The area has been nicely cleaned up and is well-lit, making it a welcoming entrance for staff arriving for their duties. The staff entrance also has been officially relocated to this area with a new security station in place to assist and monitor activities. Training was the next important step for the staff. With the assistance of training agencies such as OTI Consulting Pte Ltd, Elaine Heng Image Consultancy and the Tourism Management Institute of Singapore, staff were trained in Communication & Relationship Management, Problem Solving & Decision Making, and Personal Grooming, with an attendance of 70% to 90% of all staff attending.
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THE TANGLIN CLUB
SUB-COMMITTEE REPORT
LIBRARY & CLUB RELATIONS
LIBRARY SUB-COMMITTEE Nanette Sandford (Convenor) Dr. Albert Wee (Deputy Convenor) Obaid Ul Haq Simon Martin Nancy Lum Rupa Natarajan Ng-Lim Yoke Kian Dan Ooi James See-Thoe Carolyn Yeo The Junior and the Main Library together with the DVD Section have been very active throughout the year. As per the directive from the General Committee, a separate DVD Section Committee was formed in November 2009 under the umbrella of the Library SubCommittee. Mrs. Ng-Lim Yoke Kian was elected as the DVD Convenor. The DVD Budget for the year 2010 was discontinued. Thereafter, DVD Section Fund will be used for the purchase of DVDs for the year 2010.
demand by members and reciprocal members. Printing and photocopying services are also available in the Library at a minimal charge. The Junior Library has always been completely utilized. New books for children aged 3 to 14 are purchased monthly. Book suggestions from members are mostly approved. The members in general are pleased with the selection of books. We furnish several new books for teens and encourage boys and girls of this age to visit the Junior Library. The library staff are pleased to serve members and their children at any time when the Library is open for operations. New books are acquired monthly and the loan reports below shows the increased no. of loans. We are within budget this year and the purchase of books was based on the guideline as previously, 70% for General Fiction and 30% for Non Fiction. Loan Acquisition figures for 2009 are as follows:
The Library Sub-Committee members have introduced new writers to the Fiction collection to gauge members’ interest. Book suggestions from members have been well received. Books are approved based on the majority of the members’ interest and popular authors or a bestseller.
Total Number of Books Borrowed (Feb ’09 to Jan ‘10) Adult Library: 35,449 & Junior Library: 25,104
The Internet stations have been used in great
I wish to thank the Library Sub-Committee
members for their immeasurable contribution for the libraries and the Reading Room. A thank you note to reach Laura Monteiro, HOD for the Library, Agnes, Nancy, new recruits – Mei Hui who has taken the duties from Feona and Shamima who has taken over from Jenny. CLUB RELATIONS Once again, I worked very hard to meet current members, returning absent members, reciprocal members and staff. This is to get feedback with a view to enhance facilities of the Club. The staff have worked extremely hard and I have done my best to make sure that everything is in order. I would like to thank the staff for their co-operation. By attending the interview sessions, I meet people from all walks of life who wish to join the Club. I have been to most of the interviews and to-date, all of the Introduction Evenings every month. Nan Sandford Library & Club Relations Convenor
New Books Acquired (Feb ’09 to Jan ‘10) Adult Library: General Fiction - 583, Non Fiction - 298
DVD SECTION COMMITTEE Nan Sandford (Library Convenor) Ng-Lim Yoke Kian (Convenor) Simon Martin (Treasurer) Chua Chew Yong Khoo Kay Chai Rupa Natarajan Reeta Raj Sajeeve Thomas The DVD Section Committee was formed in November 2009 and I am very privileged to be elected as the DVD Convenor for the year 2009/2010. The DVD Section Committee has first of the monthly meetings. With the increasing DVD members in this section, the DVD Section Committee will endeavour to setup a system to enhance service to the members. I would like to thank DVD Section Committee members for their valuable effort to make the section a success. A big thank you to the very supportive library staff and to the Library Sub-Committee members. New DVDs Acquired (Feb ‘09 to Jan ‘10) - 858 Total Number of DVDs Borrowed (Feb ‘09 to Jan ‘10) - 9,892 Ng-Lim Yoke Kian DVD Section Convenor ANNUAL REPORT 2009/2010
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SUB-COMMITTEE REPORT
MAGAZINE & WEBSITE
MAGAZINE & WEBSITE SUB-COMMITTEE Shanta Sundarason (Convenor) Nan Sandford Susan Gallagher Priti Shah The Magazine & Website Sub-Committee has had another extremely busy year. With a continuous flurry of activities and events, the task of improving and enhancing the website and continuing to implement a revamp of the magazine, the Marcom team was kept on their toes throughout the year. They have however, welcomed the challenges and risen to the occasion. Those of you who use the Club’s website will have noticed the on-going improvements, enhancements, and additions. We have been revamping the design and functionality of our website. More than 1,000 members have signed up for access to the “Members’ Only Area” where Rules & Bye-Laws, announcements, notices, and surveys can be viewed and downloaded.
Further value-added services will continue to be added to the system over the next few months. We will continue to pursue our initiative to have the website become an integral part of the Club’s mode of communication with the members. We have continued to work on improving the E-Newsletter, which has resulted in better readability via email and web browsers. Many thanks to members for all your feedback. This has helped us with our decisions on improvements within our section. The team has strived to maintain the “freshness” of our publication, with more emphasis on articles, recent events, and design. Changes have been subtle so as to not appear too different from the previous issues. Advertising revenue has increased, with more advertisements by members who wish to advertise their products and services. Signage throughout the Club has been replaced by professional-looking posters designed by our Marcom team. We have been able to save on costs by designing and installing notices in-house. Much of our photography is now done in-house (with emphasis on F&B), by Marcom. The Marcom tteam has expressed great interest in photography, photograp and have taken on the task of performing performin photo shoots of food & beverage for the magazine, m posters, menus and website. Cost savings sa have increased, as a result of not no hiring external photographers and with less reliance on purchasing stock images. Part of the heritage board at the front f of the Club was designed by our Marcom M team. An icon of history must be made m public knowledge, and with the help of National Heritage Board, the board . was in installed We have undergone a restructuring of our department depar and the Marketing & Communications Communi department now operates under the direct leadership of General Manager, with the Convenor advising where necessary. necessary
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THE TANGLIN CLUB
The staff have learned to multi-task extremely well, having to manage various additional projects over and above those related to the publishing of the monthly magazine. Workflow and administrative processess have been finetuned over the months after the resignation of the ex-Marcom Manager, and the department continues to operate under pressure effectively. The Marcom team have also performed tasks beyond their normal scope of work - ranging from installation of vinyl sticker and acrylic signages to preparing Club party props and decorations. Staff have requested to attend classes for advanced photography, imageediting software and workshops related to their job scope. Constant skills upgrading and training is in line with Ministry of Manpower’s advice of “staying ahead”. We are extremely fortunate to have such a dedicated and enthusiastic team that continues to strive to improve itself and serve the membership. I would like to thank them all for their continued support and great work. Nazrin Ali, Habib Mansoor and Alvin Teu. You are all a great asset to the Club and on behalf of the committee, I would like to thank you all for yet another year of great work. Before I sign off, I would like to say a very big thank you to the Magazine & Website SubCommittee members, Nan Sandford, Susan Gallagher and Priti Shah as well. Without your guidance and input, the magazine would not continue to be a much awaited item in most members’ mailboxes each month! Shanta Sundarason Magazine & Website Convenor
SUB-COMMITTEE REPORT
MEMBERSHIP & RULES
MEMBERSHIP & RULES SUB-COMMITTEE Vincent Troy (Convenor) Robert Wiener (Deputy Convenor) Sylvia Lee Moiz Sithawalla In addition to providing information and advice to the General Committee on matters relating to Club Rules and Bye-Laws, the M&R SubCommittee reviewed membership procedures and records, and carried out a capacity study of Club facilities. The results of these initiatives together with a summary of admissions and membership composition are contained in this report. CLUB MEMBERSHIP In February 2010, members were provided with the results of a review of membership composition showing the number of Singaporean and non-Singaporean members categorized by their active and absent status and membership type. It was noted that the “citizens of one country” limit imposed by Club Rules had been exceeded because of past errors in the manual records and that the Club had now taken steps to ensure the accuracy of the new computerized record system. The admission of new Singaporean members and the limited buy back scheme were both suspended in July 2009 in anticipation of the results of the review. Since there were still vacancies for nonSingaporean members, the Club was able to admit 114 new Ordinary and 81 new Term Members during the financial year. Entrance fees received from our new members totaled $3,940,666 and continued to represent an important source of Club income. Within these admissions the Club had bought back and admitted 14 Singaporean memberships making a total of 88 such buy backs since the scheme was introduced in September 2004. As at 31 January 2010, the number of Ordinary and Life Members was 3,769 against a Planned Total Membership of 4,000. The total number of registered Club Members (excluding children under the age of 16 years) was some 12,000 of which some 8,000 were active members. An age analysis of active members showed that some 10% were aged under 30 years, 30% were aged between 30 and 49 years and 47% were aged between 50 and 69 years and 13% aged 70 years and above. There were 230 vacancies for non-Singaporean membership as at 31 January 2010 which compared with Waiting List numbers are as follows:
Singaporean children of members - 808 Singaporean adults - 417 IMPROVING THE APPLICATION PROCESS The proposal of a candidate by two members, the display of the application on the Club notice board, and interview and endorsement by committee members remain the essential platform for the admission of new members. The procedure to obtain an application form and the time period for notice board display have been changed in order to expedite the process.
Members at a recent Introduction Evening.
CLUB’S RULES & BYE-LAWS The Registrar of Societies confirmed agreement to the Rule amendments which had been approved by members at the Special General Meeting held on 1 December 2008 and the Annual General Meeting held on 25 May 2009. The new edition of the Rules which became effective on 1 November 2009 has been sent to members, and additional copies are available from the Membership Department and the Club website. CAPACITY STUDY The M&R Sub-Committee commissioned a study on the utilization and capacity of the key amenities and facilities of the Club with the objective of determining the potential for growth in membership. The study was conducted by a team of fourth year business management students from the Singapore Management University. The study concluded that an increase in membership numbers would depend on desirable loadings of club facilities and other key criteria which should be decided by the Club. The students developed a computer tool which the Club can use to test various criteria and calculate membership numbers by very broad age bands. They also looked at some key statistics such as spend against age profile, joining age over time etc. which will help the Club in formulating membership changes. NEW MEMBERSHIP CARDS When it became necessary to order more membership cards a decision was taken to switch to a cheaper type of card. In order that both types of card can be used, dual card ANNUAL REPORT 2009/2010
readers will now be installed at the key entry points to the Club. The issue of cards and the installation of card readers is expected to be completed by June 2010. RECIPROCAL CLUBS During the course of the year, we added one additional club in Canada (The Granite Club in Toronto) to our list of reciprocal clubs, which now total 124 worldwide. We continue to receive numerous requests from clubs around the world for reciprocity and we adopt a selection process which ensures that successful applicants meet the standards required by the Tanglin Club. We have also implemented a feedback form for members’ completion after their visit to the various reciprocal clubs to gauge popularity and evaluate reciprocal arrangements. ACKNOWLEDGEMENTS I wish to thank my colleagues on the M&R Sub-Committee for the support and guidance they have given me during the year. They have given generously of their time and provided invaluable professional expertise. I would also like to commend the dedicated staff of the Membership Department for their effectiveness in managing this important aspect of Club administration and for the support they have given to our Sub-Committee. Vincent Troy Membership & Rules Convenor
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SUB-COMMITTEE REPORT
MEMBERSHIP & RULES SUMMARY OF MAIN RULE CHANGES
The main Rule changes may be summarized as follows: Rule 4 (iii)
Investment limit of one third with single party.
Rule 5 (i)
Three year residency for election to Committee.
Rule 5 (ii)
Committee non executive role.
Rule 5 (v)
Committee Member’s right to resignation statement.
Rule 6 (iv)
Stricter conflict of interest rules.
Rules 7 (ii)(iii)
Restriction of Officers holding Sub Committee positions.
Rule 8 (ii)
Committee approval for appointment/ removal of key staff.
Rule 10 (ii)
Mailing of Bye-Law changes.
Rule 10 (iii)
Committee’s right to suspend Bye-Law.
Rule 11 (v)
75% majority to change PTM.
Rule 13 (iii)
75% majority to elect Life Member.
Rule 14A (i)
Restriction on Singaporean Term membership.
Rule 14A (iv)
Removal of Term conversion incentive.
Rule 14A (v)
Number of Term members tied to PTM.
Rule 16 (i)(a)
Candidates’ sponsors liable for Club bills.
Rule 16 (i)(b)
Term Member must have sponsor.
Rule 16 (iii)
Notification of unsuitable candidates.
Rule 17 (i)(ii)
Candidates must get signed support of five Committee Members.
Rule 19 (iv)
Effective date for granting child priority to Ordinary membership.
Rule 20 (iv)
Remove Committee discretion on Visiting Member’s stay.
Rule 22 (ii)(iv)
Cessation of Absent membership for non-payment or non re-registration.
Rule 22 (v)
Remove Committee discretion to allow Absent Members use of Club.
Rule 26 (ii)
Natural justice for Member expelled or suspended.
Rule 26 (v)
Procedures for Inquiry Sub Committee moved from Bye-Law.
Rule 27 (iii)
Posting of suspension or expulsion moved from Bye-Law.
Rule 29 (ii)
Installment Plan payable at rate of $10,000 per annum.
Rule 29 (iii)
No participation in voting or distribution unless fully paid up Member.
Rule 30 (iii)
Removal of Committee discretion to waive subscription.
Rule 33 (ii)(iii)
Set date and order of business at AGM.
Rule 34 (i)(ii)(iii)
New procedures to prevent delay in holding SGM.
Rule 38 (i)(a)(b)(c)
Extension of AGM voting period and scrutiny provisions.
Rule 38 (vi)(b)(c) (d)(e) Voting procedures moved from Bye-Laws. Rule 38 (viii)(a)(b) (c)(d)(e)(f)
Preparation of Minutes of General Meeting moved from Bye-Laws.
Rule 41
Strengthen provisions for dealing with gratuity, abuse and complaint against staff issues and suggestions and complaints made to Club.
Rule 45
Widens prohibitions of claims against Club and Committee Members.
Rule 45A
Exclude indemnity for claims for removal from office.
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THE TANGLIN CLUB
SUB-COMMITTEE REPORT
TENDERS & PURCHASING
TENDERS & PURCHASING SUB-COMMITTEE Dr Albert Wee (Convenor) Vincent Troy (Deputy Convenor) Andre Arul Dinesh Sharma Michael J Oliver It has been a great honour and pleasure to serve as the Convenor of the Tenders & Purchasing Sub-Committee (TPSC) for a second term. TPSC continues to maintain a high level of professionalism and efficiency in overseeing the tender and procurement of goods and services process. We continue to be very stringent in selection of vendors and award contracts to those that offer best value for money to the Club. For example, in the Club Building Painting Tender Exercise, although the approved budget was $150,000 we managed to award the painting job to a reputable painting company for $38,800 saving the Club $111,200.
Six tender exercises were successfully conducted and awarded. We managed to achieve an overall cost saving of $45,820 against the approved budget of $1,128,620 which is equivalent to 4%. I would like to thank all the TPSC members who worked with us and they include Mr Vincent Troy, Mr Andre Arul, Mr Dinesh Sharma and Mr Michael J Oliver. They have sacrificed their precious time offering valuable advice and services.
Freshly painted facade of the Club’s Main Building.
Last but not least, my thanks to the in house management team for their support and in ensuring that TPSC policies and directives are observed and implemented.
conducted and awarded for 2009/2010. Dr Albert Wee Tenders & Purchasing Convenor
The table below gives details of tender
LIST OF TENDERS CALLED BY THE TPSC FOR THE PERIOD APRIL 2009 TO JANUARY 2010 S/No Description
1 2 3 4 5 6 7 8 9 10 11 12
Club Building Painting Housekeeping Contract Cleaning (24 months) Security Services (24 months) Waste Disposal Services (12 months) Lawn Bowls Shade Squash Court Refurbishment Glass Enclosure for Tangles Printing of Club Magazine (12 months) Re-Conditioning for Function Rooms Supply of New Chinaware for Churchill Room Supply of Membership Cards Fresh Flower Supply (12 months)
Tender Amount Awarded S$
Budgeted Amount
Cost Saving Against Budget
$38,800.00 $478,200.00 $436,200.00 $39,600.00 $42,000.00 $46,000.00 $30,000.00 In Progress In Progress In Progress In Progress In Progress
$150,000.00 $597,120.00 $500,000.00 $45,900.00 $40,000.00 $44,000.00 $30,000.00 In Progress In Progress In Progress In Progress In Progress
$111,200.00 $118,920.00 $63,800.00 $6,300.00 ($2,000.00) ($2,000.00) NA NA NA NA NA NA
$1,110,800.00
$1,407,020.00
$300,220.00
ANNUAL REPORT 2009/2010
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SUB-COMMITTEE REPORT
SPORTS & RECREATION
SPORTS & RECREATION SUB-COMMITTEE David Palmer (Convenor) Dr Richard Tan (Deputy Convenor) Sethuraman Ganesan (Balut Convenor) Dr Ng Boon Keng (Billiards Convenor) Rohini Arya (Bridge Convenor) Chris Claridge (Golf Convenor) Rodger Kimpton (Lawn Bowls Convenor) Chu Hui Wen (Scuba Convenor) Andrew Crombie (Swimming Convenor) Shane Hagan (Squash Convenor) John Rasmussen (Tennis Convenor) Activity levels in almost all sports are up year on year and there is greater usage of the Sports Complex. The S&R Department has been completely restructured this year and is currently at full strength. We have employed Ennie Toh as S&R Manager and she brings some of the management skills we have lacked in the past. The Sports Committee has healthy debates about the future of sports in the Club and many new initiatives are being undertaken. The Committee is focused on providing enjoyment and activities to the membership. A new dedicated Gym Manager has enhanced the fitness environment and we are optimistic that this will generate greater activity. BALUT Fourth of July turned out to be an exciting day for Tanglin Balut as we claimed the Empire Cup from the British Club. It was a special achievement, as the trophy had eluded us since the start of this competition five years ago. Another all-important annual fixture was the Staff vs Members tournament which had a good turnout from both sides. Twenty-six players participated in an exciting afternoon with a great finish by Staff who claimed the trophy after many years of disappointment. BILLIARDS Commitment and perseverance has finally paid off when our team brought home the John Ewing Trophy from Singapore Cricket Club after four years of hard fought challenge. BRIDGE Bridge members made their maiden overseas trip in July and their visit to Royal Bangkok Sports Club and RBSC Polo Club was an eye opener, we look forward to more trips. Also, a refreshing change from the usual duplicate games was the introduction of Wine & Tapas Evening team format games which received overwhelming response. As a result, two more evenings will be planned for 2010.
20
GOLF This year saw two shotgun start matches being Annual Championship in August and Captain’s Cup in January. Both events received enthusiastic participation of an average 100 members each. A “Young Swingers” workshop was also organized for the first time and demand has prompted us to conduct it twice this year at Heartland Golf. We secured a sponsorship package from Barclays Capital for the Golf Section, which has enabled us to develop better quality events and a closer relationship with our key corporate sponsor. LAWN BOWLS The 2009 season ended sweetly with a victorious encounter against Singapore Cricket Club in January. An additional coaching clinic was also conducted with nearly 50 members taking part, with most seeing a big improvement to their techniques. SCUBA An injection of youth into the committee has paid huge dividends in the number of talks and slide shows, socials events and dive trips being organized. A good mix of youth and experience is how we would summarize for the first half of 2009. A BSAC Sports Diver Course was also conducted in January with twelve members enrolled. SWIMMING Going beyond the depth of the pool, members were rallied to support the 24-Hour Splash for Cash fund raising event for Rainbow Centre EIPIC Fund. A total of S$148,112.23 charity fund was raised surpassing our expectations - a significant achievement from our Swimming Section. It is definitely “IN” to swim as the Annual Swimming Championships received over 170 entries, a huge number by any standard. SQUASH The 11th International Jumbo Doubles Squash Tournament hit its record high with over 200 players participating including the current World Masters Champion and teams from as far as UK, Australia and New Zealand setting us as the biggest Jumbo Doubles event in the world. With just two years’ entry at the Singapore National Squash League, we have come on very strongly and won the National ‘A’ Grade THE TANGLIN CLUB
competition that we had lost by just one point to Singapore Cricket Club a year previously. TENNIS 2009 saw a fast growing interest and participation for the Junior Coaching Programme which will set a strong foundation for future pathway. This result was seen with our young and furious team claiming the Quadrangular Trophy hosted by Keppel Club. Twelve tennis members also enjoyed their trip to Hong Kong in December to play friendly with Ladies Recreation Club and look forward to hosting them in 2010. I would like to pay tribute to the dedication of the S&R staff and Management who had a difficult year with many personnel and sport allocation changes. We now have a full crew of professionals that will go the “extra mile” for the members – we expect great things for 2010/11. Thanks also to the Sports Convenors for their dedication to their sports. Few members appreciate the amount of work the convenors do - day in and day out - to provide the quality of events that are becoming expected at The Tanglin Club. David Palmer Sports & Recreation Convenor
SPORTS SECTION REPORT
BALUT SUB-COMMITTEE Sethuraman Ganesan (Convenor) Nina Menon Sapinah Hughes 2009 was a good year for the Balut Section. Balut is a fun dice game played by two or more players. Played with five dice, the aim is to score as many points as possible by the end of the game. Members interested in learning how to play Balut, can find instructions at the Main Reception Counter and the S&R Reception Counter. They will find that Balut is easy to digest and get addicted to. MONTHLY GAMES At the Tanglin Club, we play monthly games on the last Thursday of the month (except December). Players meet at the Terrace Bar at around 7pm for drinks, followed by six games of Balut in the Cards Room. The players with the highest scores will walk away with monthly prizes. The section membership level remains steady and the section organised 20 competitions during the year including excursions to Bangkok, Thailand and Kota Kinabalu, Sabah, West Malaysia. CLUB CHAMPIONSHIP The Club Championship for the year is selected on the total of each player’s best six games out of a total of 11 games played. Again this year, the competition went to the wire and the last throw decided the championship and a new name to be engraved onto the Peter Bird Trophy. The accumulated top scorers were: Sethuraman Ganesan (Champion 2009) 3715/619 Lillian Lee (Runner-up) - 3704/617 David Hughes - 3664/611 Huned Hassanbhai - 3601/600 (ocb) Fatema Sadiq - 3597/600 Min Kemeny - 3573/596
Additionally, the year’s highest event total score was Fatema Sadiq (706) with runner-up David Hughes (702). Highest column score went to Sapinah Hughes (155) with runner-up Fahmida Hassanbhai and Fatema Sadiq both at 149. INTER-CLUB BALUT Six clubs - namely NUSS, Singapore Recreation Club (SRC), Singapore Cricket Club (SCC), The Indian Association, The Eurasian Association and The Tanglin Club - competed in this year’s competition. The tournament ran in four stages and was sponsored by Pernod-Ricard Singapore, distributors of Chivas Regal Whisky and Jacob’s Creek Wines. The Tanglin Club team was defending champion and at stage one played at the SRC, saw TC Team 1 (Min, Sapinah, David & Sethu) carrying on the good form.
STAFF VS MEMBERS The all-important annual fixture, Staff vs Members, was again enjoyed by all 26 participants this year. It looked at a certain stage as the members were comfortably in charge but the staff smelled an opportunity after the fourth game and collected the trophy with an unheard of finishing at the end of the sixth game. Congratulations to all. A special mentioning of staff go to Mary Lee, Letchumi and Betty and members Gale, Sapinah, Min and Bansi. 29TH STC INTER-PORT BALUT COMPETITION A record number of totally 168 baluteers (42 teams) from Thailand, Singapore, Brunei, Philippines, Sabah and Sarawak gathered in November 2009 at the Sabah Golf & Country Club, Kota Kinabalu.
However, at the finals, played at the TC with a sellout crowd of 76 players, we had to entrust the year’s championship to The Indian Association with TC Team 1 in third place out of the 20 teams that participated.
The efforts of the hosts when visiting East Malaysia are just out of this world - with golf, sightseeing, fellowship, camaraderie, sumptuous meals and of course not least the Balut.
POT GAMES VS SCC We repeated last year’s success at the POT Games and retained the cup with very close scores. As usual, it was a team effort, with Bansi and Shirley Lim performing exceptionally bright for the Tanglin Club.
The Tanglin Club did well. We had two teams participating and our TC Team 2 (Kristian Bonnichsen, Huned & Fahmida Hassanbhai and guest player Rena) came in as runner-up, just 67 point shy of the new champions - the British Club Bangkok - where the 2010 event will be hosted.
EMPIRE CUP VS BRITISH CLUB The fourth of July 2009, may have been the turning point in our annual Balut endeavours against the Singapore British Club. Since this cup was inaugurated five years ago, Tanglin Club has always come out short. Eighteen determined Tanglin Club players gathered at the British Club and we won with a clear margin of more than 100 points, with a special mentioning of Raj Sundarason, Else Stokkmo and David Hughes.
ANNUAL REPORT 2009/2010
In closing, sincere thanks to the Balut Section members, sub-committee members Sapinah Hughes and Nina Menon, together with the S&R and F&B staff for their diligent support during the year. Kristian Bonnichsen Scribe
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SPORTS SECTION REPORT
BILLIARDS SUB-COMMITTEE Mark Simpson (Convenor) Dr. Ng Boon Keng Cheung Yew Tak Kevin Chen Hung Te The Billiards Section managed to complete all the named competitions for the year. Participation was, however, poor. Few signed up and of these quite a number gave walk-overs.
members was that the Billiards Room is detached from the other areas of social activities. Ideally, the Billiards Room should be sited near other similar activities like the Jackpot Room and Cards Room. It is hoped that something can be done in the New Year to alleviate this depressing situation. Dr Ng Boon Keng
Usage of the facility was poor and hence revenue continued to drop. Feedback from
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SPORTS SECTION REPORT
BRIDGE SUB-COMMITTEE Rohini Arya (Convenor) Howard Haythornthwaite Sherna Danani Grace Yeh Shyamala Kanagasundaram Lily Lim Deepa Gupta Norma Keith Esther Ling Bansi Sethuraman The Bridge Section had another event-filled great year, with attendance reaching record numbers. These high numbers held steady, even through the traditionally slow summer period as well as over Christmas and New Year. To deal with the growing popularity of the game at the Club, we have expanded the Bridge SubCommittee to ten members, six of whom joined during the year. We started last season with the Spring Surprise Tea & Game in April. This was followed in June by our ever-popular summer lunch for the Bridge community held at the Raffles Room, followed by an afternoon game comprising of 30 pairs playing a ‘Michelin’ movement. The year witnessed two firsts for the Bridge Section - an overseas trip to Bangkok and a Wine & Tapas Evening at the Club. The trip to Bangkok happened in July where The Tanglin Club members competed against the Royal Bangkok Sports Club and the Polo Club.
It was a successful event and we plan to do another overseas trip this year. The Wine & Tapas Evening was held in August. It was a refreshing change from the usual duplicate games that are played at every session, in that it was a team event with six teams of four members to a team competing against each other. Thanks to Howard for this great idea. In September, we bid farewell to Claire Quinn - a familiar name in the Bridge group - having been convenor for over ten years and actively promoted the game of Bridge at The Tanglin Club. The Diwali High Tea was held at the Raffles Room on 12 October, where again we had 15 full tables of Bridge. The special Indian menu, Bollywood dance item and an Indian song by the members made this a very enjoyable afternoon.
with the most number of masterpoints. The Year of the Tiger was welcomed in with a special “Ang Pow” game followed by high tea. Dim sum and noodles were much appreciated by all the players and almost every pair went home with a red packet. I would like to take this opportunity to thank all the Bridge Sub-Committee members for their untiring and invaluable help and support over the last year. And on behalf of the Bridge SubCommittee, thanks to all the S&R staff, as well as the F&B staff, who have all been amazing and with whose help Bridge at the Club has been an enjoyable experience. Rohini Arya Bridge Convenor
November witnessed the Annual Club Championship, where 30 Club members participated. It started with lunch at the Tavern followed by the pairs championship game. Rohini Arya and Rupa Natarajan emerged as winners of this event. The Christmas Lunch & Game was again very well-attended with traditional turkeys, carols and a Bridge quiz adding to the festivities. This is the time when prizes are awarded to the session winners and to the overall Club Champion. Once again, this year’s trophy went to Rohini Arya
ANNUAL REPORT 2009/2010
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SPORTS SECTION REPORT
FITNESS 2009 has been a year of change for our Sports & Recreation Department - finding the right balance between catering to members’ needs, and operating a functional and efficient gym with a viable programme. Our new Sports & Recreation Manager, Ennie Toh and Gym Manager, Arziz Kamsani have worked together to address various areas of need in the gym. PROGRAMMING The classes on offer have increased considerably, from 35 to 45 on our weekly timetable with a greater variety. From Pilates to Dance Classes to special 15-minute, freeof-charge sessions, where all members can experience a group exercise setting and improve their core strength. All exercise to music classes have grown in popularity. Specialty classes have been added to create a fun social atmosphere and encourage newcomers to participate.
membership which has increased in recent months from 110 to 145. PERSONAL TRAINING An article about our fitness team in the latest issue of the Club magazine presented our current Physical Training (PT) team, consisting of eight personal trainers including our new Gym Supervisor, Bala. Personal training is still in its early stages at The Tanglin Club. The gym management is developing PT packages to attract a larger demographic to exercise with a qualified personal trainer. New options for the deconditioned, pre/post natal and the elderly are areas which Arziz is currently considering. Free fitness assessments can be arranged with the Management. All personal trainers have been issued with uniforms and staff badges improving the professional look of our team in compliance with the Tanglin Club standards.
The Ultimate Fitness Feast Card encompasses all group classes as well as water-based fitness classes. It has been a key element in attracting Aqua participants to try land-based exercises, using the fitness facilities as well as joining any class on the timetable.
EQUIPMENT Members have welcomed a fresh addition to equipment. New Yoga blocks, yoga straps, yoga mats and resistance tubing are adding a new face to traditional classes. Soon, there will be an addition to the number of Spinning bicycles, allowing more members to participate during peak hour classes.
This has led to an increased interest in gym usage and attendance - from 130 to 140 members on a daily basis, as well as the UFF
We have also seen a clear improvement on the sound equipment with the introduction of ‘pitch control’ in Studio 1, giving the instructors more
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control to use music to suit their participants’ skills by altering the speed of music. This is an important consideration in a professional studio. MAINTENANCE There has been a steady improvement in the upkeep and cleanliness of the studios. The installation of a permanent sanitizer/hand towel unit encourages all participants to adhere to basic hygiene requirements before and after using gym equipment. SOCIAL ENVIRONMENT Bringing fitness events to the members will be part of our next set of goals. Talks, workshops, fun classes and charity events, contribute to a healthy lifestyle with a fun element. Fitness professionals work together in the Club to create an interesting and tempting fitness feast for participants to consider joining. Late last year, events such as “Pink Ribbon, Spin for Life” successfully brought Tanglin Club members together for a good cause. The gym management looks forward to proposing a host of events in 2010. REFINING OUR PRODUCT. We will spend 2010 carefully listening to our members and doing our best to provide them with a Fitness centre and management whose primary role is to bring solutions to their concerns, consider their suggestions for improvement and excel in delivering a high quality health and wellness facility.
SPORTS SECTION REPORT
GOLF SUB-COMMITTEE Chris Claridge (Convenor) Yeo Swee Tuan Alex Eow Yoke Kee Alban Kang Eugene Lim Gopal Banerji Ranjan Ramchandani David James Jurgen Martiens Under the Convenorship of first Alban Kang, then Chris Claridge and the newly-appointed Captain ST Yeo, the 2009 Golfing year was the busiest ever for the 300 or so Tanglin Club members who subscribe to the Tanglin Club Golf Section. Multiple opportunities to play some great courses in great competitions against great clubs, with great camaraderie - and always followed by great refreshments. Members played Jurong, Keppel, Laguna, Orchid, Raffles, Seletar, SICC, Tanah Merah and Warren. Members turned out in record numbers for the major competitions with 126 at The Annual Championship and 90 for the Captain’s Cup. The Annual Christmas Bash & Turkey Dinner was also a huge success.
Two “Home & Away” matches against The American Club in the Ryder Cup series resulted in the trophy now sitting in The Tanglin Club’s cabinet and other clubs which played (but with less to celebrate) included Changi Beach Club, Singapore Cricket Club and SAFRA. Within the Club, we played against Fitness, Lawn Bowls, Squash and Tennis and the Young Swingers programme was launched to give members’ children and grandchildren an introduction to the ancient game.
The final word has to be for your Golf Section Sub-Committee, a group of keen golfers who give up their personal time to ensure The Tanglin Club and its members have a full and vibrant annual Golf calendar – Alban Kang (Convenor Mentor), Alex Eow, David James, Eugene Lim, Gopal Banerji, Jurgen Martiens, Ranjan Ramchandani, ST Yeo (Captain) and yours truly, Chris Claridge (Convenor). Chris Claridge Golf Convenor
All of the above activity is funded by members of the Golf Section, each paying $60 a year to the Section Fund with a Club top-up. This year, we were able to enhance the Golf Section activities with a generous sponsorship from Barclays Capital. Thanks to Barclays Capital, we were able to award The Blue Jacket to the new Club Champion Gopal Banerji, give away multiple blue shirts and caps, enhance the Annual Championship and Captain’s Cup dinners, deliver the Young Swingers programme and, perhaps most importantly, deliver on the promise that at least 10% of our Golf Section members have the opportunity to play each month and all Golf Section members have the chance to play in at least one of the major events.
ANNUAL REPORT 2009/2010
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SPORTS SECTION REPORT
LAWN BOWLS
SUB-COMMITTEE Rodger Kimpton (Convenor) John Child Devi Hodgkinson Derek Hodgkinson Virginia Longfellow Ganesan Sethuraman Steve Wright
players for each championship and it is pleasing to be able to report that this was achieved in most instances. To maintain levels of interest and involvement, all entrants to championship competitions are guaranteed at least two games; the first in the competition proper, and for the losers in the first round progression to the first round of the Plate.
DEVELOPMENT The breadth of our playing activity was enhanced by the introduction of a Triples competition, which was well-supported and has now become a favourite format. It is intended, in due course, to extend the Section Championships by the inclusion of this discipline on a permanent basis. We are also considering the introduction of handicap competitions. Apart from the Annual Inter-Section Bowls Challenge, the Squash Section fielded a team for an Inter-Section match which proved a great success. Clearly more of these events will help extend members enjoyment of Lawn Bowls and the popularity of our world-class bowling green as a centre of sporting recreation in the Club. The bowling green is also available as a venue for members to hold their private or corporate staff social functions.
Lawn Bowls team games continued to be very popular as shown by full entry lists to all doubles competitions.
Lawn bowls organisations in Australia have become aware of our facility which has lead to requests to arrange friendly games during 2010/2011. This follows a very successful visit by an initial group of Australian bowlers in June. Another international friendly match during July, was by a team representing the Hong Kong Police Bowling Association. We will be hosting matches with many teams visiting Singapore this year. Section member strength has grown slightly during 2009 in spite of successfully recruiting many new players. Unfortunately, the additions were offset by losses due to membership departures from Singapore during the economic crisis but we continue to draw attention of members to the opportunity Lawn Bowls provides for sporting and social interaction. Insofar as the green is concerned, work still needs to be done to ensure that the Club’s investment is well protected. It is hoped that in the coming year an appropriate heavy roller will be acquired, sprinklers commissioned and proper and regular maintenance of the green and its surrounds, as well as the Club owned equipment, will be forthcoming. Shades around the banks of the green are soon to be installed which will provide protection from the sun and rain. 2009 CHAMPIONSHIPS Our aim is to ensure a minimum entry of 32
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RESULTS OF THE 2009 CHAMPIONSHIPS Singles Steve Wright Trophy Winner: Rodger Kimpton First Runner-up: Zoher Motiwallah Second Runner-up: Virginia Longfellow Singles Plate Winner: Richard Coventry Runner-up: Sethuraman Ganesan Draw Pairs Winners: Rodger Kimpton and Bob Gunning Runners-up: Virginia Longfellow and Anthony Rawlinson Drawn Pairs Plate Winners: Lee Wah and Huned Hassanbhai Runners-up: Fatema Sadiq and John Child Open Pairs Winners: Zoher Motiwallah and Sethuraman Ganesan Runners-up: Lee Wah and Richard Coventry Open Pairs Plate Winners: Devi and Derek Hodgkinson Runners-up: Fatima and Zoeb Sadiq Novices (Ladies) Winner: Val Reeves Runner-up: Bansi Sethuraman Novices (Gentlemen) Winner: Ted Hartland Runner-up: John Wright NATIONAL CHAMPIONSHIP We entered a team in the Mens’ Triples National Championship which was played on a “knockout” basis at the Kallang green. Good experience of two bowl play was acquired by our team before losing in the quarter final. LAWN BOWLS INTER-SECTION CHALLENGE SHIELD The dedicated trophy for this event, contributed to the Tanglin Club by former president Mr. E. Henton was won in 2009 by the Squash Section (Team 2) with Bridge being the runnerup. Most Sport & Recreation Sections entered teams, although disappointingly there were notable exceptions. We shall do our best to rectify this in the current year because there are few opportunities in the sporting calendar for all sections to take part in a game against each THE TANGLIN CLUB
other on an equal basis and importantly meeting other members of the Club in the social contact which follows the fixture. INTER-PORT WITH THE ROYAL BANGKOK SPORTS CLUB This fixture was played at the Polo Club venue in Bangkok over the first weekend of May and in spite of a few local political difficulties which were prevalent at the time, a very successful visit was enjoyed by all participants. Regrettably, RBSC retained the trophy but we have great expectations for our next meeting here in Singapore later this year. LAWN BOWLS LEAGUE There were ten teams entered in the Pairs InterClub League, which was hosted by The Tanglin Club. We took the first and second places with points tallies of 27 and 25 respectively. The competition was played over a nine-week period with all games played on our green. A similar league will take place in the current year. COACHING In addition to the ongoing personal coaching which is available to all Club members, we were able to run two coaching clinics during the year through the generosity of visiting coaches sharing their time and experience with our bowlers. Nearly 50 players took part in the various clinics and they saw a big improvement to their technique and game. More coaching clinics will be conducted during 2010. The section purchased DVDs of many of the best international matches played in Australia in 2009 and these will be screened each week at Tangles, watching the top players in the world compete is a great way to understand the strategy of bowls match play. CONCLUSION Progress was made in 2009 but there is no room for complacency and we acknowledge that there is scope for a great deal more to be achieved both in terms of enhancing our facility and promoting our presence. Our priority in the immediate future, must be to increase our section membership numbers and build up the matchplay experience of our existing bowlers. We are grateful for the persistent help we have received from the Sports & Recreation staff without which our committee would have been hard pressed to make maximum use of the first class sporting facility which we now have. Rodger Kimpton Lawn Bowls Convenor
SPORTS SECTION REPORT
SCUBA SUB-COMMITTEE Chu Hui Wen (Convenor) Jonathan Quek (Secretary) Faris Alsagoff (Diving Officer) Helena Chu (Treasurer) Derek Quek Grace Wong Tan Lee Leng Leong Yut Wah Dr Marcus Lim Len Reutens Conor McCoole What a year this has been for the Scuba Section, filled with highlights and heartaches. The year started well with three talks and slideshows from engaging speakers who were generous enough to volunteer their time, opening the eyes of Tanglin Club members and our Scuba Section members. We started first with William Tan - not only were his beautiful underwater photographs marvelous to behold, his good-humoured and chatty style of presentation made us forget just how difficult it really is to get good, clear photographs that tell a story. Then Derek Potter gave an excellent presentation on sunken treasure and maritime archaeology in Southeast Asia. His fascinating talk was so popular that every seat in the Raffles Room was occupied, and more than a few people were spotted standing at the back listening intently. In April, Emery Kristof, who found and filmed the “Titanic”, spoke to us about underwater videography, and the part he played in inventing and developing different video equipment lights and systems for filming the dark depths of the sea. All three speakers were mobbed with questions and thanks, and we would happily welcome them back for more inspiring talks in future. Late in the year, we also
had the pleasure of welcoming Eric Leong, a semi-professional photographer who has been published in numerous magazines, back to the Club for another presentation of his stunning photographs. Eric generously shared tips and stories on diving and underwater photography, making it a very enjoyable evening. May brought 17 Scuba Section members and friends to the Tubbataha Reef in the Philippines. This is the largest coral atoll and only marine national park in the Philippines, and has been a World Heritage Site since 1993. So we were looking forward to some world-class dive sites. As it turned out, although there were some interesting sites and fish-life (like manta rays and schooling baby grey reef sharks), some of the sites were infested with Crown-of-Thorns, or were recovering from obvious underwater bombing previously. The only really memorable sight underwater was a 3-metre tiger shark that came up close to a few divers. Too bad it was such a brief encounter that not everyone saw it. But for those who were close enough... shiver! Other members also went on trips to Lembeh Straits, the Bahamas, and elsewhere, and returned with tales to tell.
Section, one of our members was taken away. Dr Marcus Lim was an extremely enthusiastic and energetic diver who joined us as a qualified and experienced diver. With such energy, he was soon invited to join the Scuba Section Sub-Committee and spurred us on with creative ideas to reach out to divers and non-divers in the Tanglin Club - by way of articles and photos in the Club magazine, underwater pictures for the Club’s Swim for Charity event a few years ago, and talks by world-renown underwater experts. Marcus’ photographs were awardwinning, and always eye-catching with a depth and warmth to them. Marcus, you will be sadly missed. Finally, I would like to extend my heartfelt thanks to the Scuba Section Sub-Committee, who have been a cohesive team, working hard throughout the year to keep the diving flame burning. Their enthusiasm and passion for diving is evidence of the joy that we get from our friendship and shared love of diving. Chu Hui Wen Scuba cuba Convenor
The Scuba Section happily welcomes new members to its fold, whether young or not so young, and whether qualified or complete novices. Two babies have been added to our scuba families this year (with another due in April), as well as some young, newly-qualified divers who were trained by the Scuba Section’s instructors. We look forward to seeing all of them come out on dive trips and social events soon. Sadly, in the midst of the additions to the Scuba
ANNUAL REPORT 2009/2010
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SPORTS SECTION REPORT
SQUASH SUB-COMMITTEE Shane Hagan (Convenor) Lood van Rooyen (Treasurer) Brian Dickerson (Scribe / Media / Communications) Peter Rogers (Doubles Advisor) Henry Mullen (Socials, Junior Coaching) Iqbal Singh (Singles Competitions) Norman Wee (Facilities/Maintenance) Alex Yew (Tours and Friendlies)
to win the league for the first time in many years for the Tanglin Club. It was particularly sweet to successfully revenge the loss to Singapore Cricket Club by one point last year. Tanglin also entered a team in the ‘E’ grade league and whilst not being successful, by all accounts the team performed with grace and sportsmanship and enjoyed themselves. This spirit also appeared in the Cosmo league where the Tanglin team performed creditably.
2009 saw continued growth in participation for the Squash Section. The number of section members increased (current membership stands at 167 people) and all club tournaments were very well patronised.
OVERSEAS TRIPS This year, trips were made by section members to Bangkok for the Chiang Mai Cup and Kuala Lumpur for the annual Jumbo Doubles tournaments there. And in October, a small team played against a selection of local players in Manila. It is hoped to have more overseas trips in 2010 including a proposed trip to the Hong Kong 3s, which is to be held in November. ANNUAL CLUB CHAMPIONSHIPS This year’s annual singles championship was divided into three draws, giving players the opportunity to compete with players at their own level. In Division 1, Richard Hill, timing his return back to Singapore from university perfectly for the tournament, proved far too strong for the rest of the field. In Division 2, Darcy McColl proved that experience can beat youth in accounting for Alex McKenzie, and in Division 3, David McElwain prevailed over section veteran Graham Dare.
THE 11TH INTERNATIONAL DOUBLES TOURNAMENT Entries for the President’s Cup, our annual international jumbo doubles tournament, reached record levels with more than 200 players participating. It is now the biggest Jumbo Doubles event in the world and players from Asia and as far afield as UK came to enjoy the competition and social activities put on by the Club. It was an honour to hear Geoff Davenport, current World Masters Champion in the over-50 category remark at the prizegiving that “I’ve experienced many tournaments around the world in my squash career, but this is probably the best I’ve ever been to.” Another player also summed up the weekend well: “It just ticks all the boxes - great sport, the company of like-minded people, plenty of good F&B, solid tournament organisation and the opportunity to explore Singapore.” Tanglin Club participation was particularly strong with a total of 30 teams entered. I would like to thank the sponsors, many of whom return to support the tournament year after year such as KC Dat, Prosec Services and Acma Engineering. This year, we were proud to have John Link and his company Link Pumps as the gold sponsor. We sincerely thank John and all other stalwart sponsors. The success of this year’s event is largely due to our experienced tournament organisers, but more importantly the outstanding support from our Club management and staff.
ANNUAL MASTERS AND VETERANS CHAMPIONSHIPS Given the average age of our members, this tournament is historically very popular and this year we held four categories - Juniors for the kids under-50s, Masters for the over-50s, Veterans for the over 60s and Vintage for those venerable members whose actual age is “lost in Respectability and the Mists of Time“ (quote brought to you under licence from Brian Dickerson). Winners this year were myself in the Juniors, Darcy in the Masters, Ish in the Veterans, and John Kuyper beat Peter von Selkey for the Vintage title. KIMPTON CUP The finals of the Kimpton Cup, the Club’s annual doubles tournament, were played in December with Paul Isted and myself defeating Marc Nicholson and Lood van Rooyen in a very hard fought match. OTHER TOURNAMENTS The spring handicap squash tournament was won by Marc Nicolson, who in coming from a very large handicap, set possibly a club record in scoring points over a weekend squash competition. The annual SCC-Tanglin Doubles
NATIONAL SQUASH LEAGUE (NSL) The 2009 NSL consisted of eight teams and ran from February to June. This was the second consecutive season that Tanglin Club had entered a team into the ‘A’ grade competition. In 2008, we had finished one point away in second place. This year was to be Tanglin’s though, as the same team as last year augmented by Club coach Tim Arnold managed
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tournament was held in December and this year Johnathan Chan from SCC and Vincent Lam were victorious. SOCIAL ACTIVITIES Following with strong tradition from previous years, there were a large number of social activities carried out at the Squash Centre including numerous regular birthday bashes, a couple of caiparinha events and also a visit by some world-class players. In August, the Club was honoured to host World Number 8, Madeline Perry, and World Number 24, Sarah Kippax, from Northern Ireland and England respectively. A battle of the sexes was organised with two of the Club’s players including yours truly and it was a surprising win to the local side 2-0, I guess the girls were really concentrating on their real reason for being in Singapore, the Singapore Masters tournament taking place at Kallang a few days later. Numerous overseas clubs graced our courts with the usual high standard of competitive play during the year. As usual a Japanese team led by squash legend Hitoshi Ushioggi made their annual visit to the Club, and in June a team from Calcutta Rackets Club played some matches against Tanglin Club friends. NEW DECKING AND LANDSCAPING In early January, we returned from holidays to see construction underway for our new Beer Garden. After initial fears of change, members have really been drawn to the new facility and its beautiful landscaping, and we are all looking forward to many enjoyable social activities in our new garden. MEMBERS This year, we welcomed to the Club, seasoned squash players Ashley Gunning and Al Aspen, who have definitely strengthened our doubles ranks. We also welcomed a large number of other new players to the Club. We are sad to say “goodbye” to a number of members over the year including Saturday regulars Paul Gelardi and John Christopherson. We said goodbye to Peter von Selkey, the designer of our Squash Centre, during the year but I think he enjoyed himself so much at his farewell that he decided to stay a little longer. We wish one of our longest serving members a very happy retirement in Australia. Cheers Peter. Shane Hagan Squash Convenor
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SPORTS SECTION REPORT
SWIMMING swimmers enter and leave, chalking up lap after lap. Members of all ages slogged it out in all manner of strokes and speeds, hour by hour, for a worthy cause.
SUB-COMMITTEE Andrew Crombie (Convenor) Genevieve Crombie Audrey Ruyters-Lim Judy Lim Frederick Francis Alvin Pang - TotalSwimming Lionel Leong - TotalSwimming
The post event dinner was very special with entertainment from a collection of Singapore’s best including Mathilda D’Silva, Sheila DeNiro, Clement Chow, B. Hardie, Wendy and David, and Faridah Ali. A line up of which few venues could ever boast!
Whilst the rest of the world was sinking steadily to the bottom, the Swimming Section enjoyed one of its most buoyant years ever, with many successful events, excellent inter-club results and all topped off by the recession-busting fundraising performance at our “Splash for Cash” 24-Hour Charity Swim. WINNERS ARE GRINNERS! There are two major Club championships held each year at The Tanglin Club. The first of these is The Tanglin Club Annual Swimming Championship which was held on the 16 May 2009. With over 170 event entries received, this quickly established itself as one of our best. Whilst many young stars sparkled, one shone above the rest - none other than Ryan Teh who won all of his five Boys 9-10 years races, setting two new Club age records along the way. Other Club age records were also set by Emily Shaw, and sisters Tan Mae Shuen and Tan Lee Shuen. Fantastic swims by all! The other main Club competition was The Tanglin Club Annual Sprint Championships which was held over the 33m short course distance on 7 November 2009. Stars of this championships were again many, but the standouts had to be Gillian Fu, setting a record 27.79s for the 33m Girls 11-12 years backstroke, and father and son missiles Carl and Sean Chan, who set a blistering 39.05s for 66m parent/child. BEST SWIMMERS AWARDS Each year, we award Best Male and Female Swimmers Awards for the swimmers who have shown the most dedication, effort and improvement in skills and results over the preceding year. This year, Teoh Ning was awarded the Best Female Swimmer 2009 and Lim Kojin was awarded the Best Male Swimmer 2009. Congratulations to Ning and Kojin, you have made the Club and your parents proud. IT ISN’T JUST SWIMMING! With each of the Club Championships, we also host a BBQ/party for the swimmers and their families, set around the kids’ pool. These have proven phenomenally successful with most of
the swimmers staying on with their families to enjoy the great food and free flow wine, beer (for the adults!) and soft drinks. In 2010, we will be looking for more novel and exciting ways to entertain the kids and create the space all parents need to kick back, and enjoy a drink or two with the other members of the Swimming Section. Something we don’t do enough. NEVER TOO OLD! The Master’s Programme continues to grow steadily, with many new swimmers joining to make up for the departures of some foundation members during the year. The only competition entered this year was the Singapore Masters Championships held in late August, where Franz de Jong pulled off a clean sweep of all of his races - winning six Gold Medals. Great stuff, Franz!
Our thanks must be given to our Guest of Honour Professor Tommy Koh and to Mrs. Koh, who went far beyond their formal roles as dignitaries, returning throughout the 24 hours to support the swimmers and the children visiting from The Rainbow Centre. Further thanks also to Ms. June Tham and her team from the Rainbow Centre for their insight and execution; to all of our entertainers who generously gave our cause their time and their talent; to our sponsors – The Tote Board/Singapore Pools, Nestle, Water’s Edge Pte Ltd, W Star Corporation, TotalSwimming, EK Ang Trading & Transport, The Ian Ferguson Foundation, Lena Eng, Lee Su Lian and Aida Lee; and to the staff of the Tanglin Club and the Swimming Section Sub-Committee for all of their tireless effort.
INTER-CLUB EVENTS During 2009, The Tanglin Club was represented strongly at Triton League events held at the British Club in May, the Swiss Club in September and the Hollandse Club in November – all with great results. In 2010, The Tanglin Club will host one of the rounds and show these other clubs what home advantage is really about! POOL SAFETY 2009 was a key year for pool safety with the addition of GOLD Medallion rating for our NASSA (National Swimming Safety Award) accreditation. This means The Tanglin Club, through TotalSwimming, are able to offer all levels of swimming safety training, covering all needs from basic water safety to technical lifesaving skills. Interested members should apply to the S&R Department to register. Further pool safety improvements will be implemented in 2010, together with the renovation of the pool and poolside areas. THE BEST FOR LAST! OUR CROWNING GLORY! No matter how (or how often) you look at it, the Tanglin Club’s “Splash for Cash” 24-Hour Charity Swim to raise much needed funds for The Rainbow Centre’s ‘EIPIC’ early intervention programme was an incredible success. Despite the prevailing doom and gloom of the recession, the members of The Tanglin Club rallied together behind this most noble cause and were able to raise a staggering $140,000.
Coming at the end of a stormy year, it was appropriate that our brightest moment of 2009 would be signaled by a rainbow - the smiles and gratitude of the kids at The Rainbow Centre. THANKS TO OUR TEAMS A final note to thank all those parents, staff and committee members who have gone out of their way to make all of our 2009 events a brilliant success. Special thanks to Alvin Pang and Lionel Leong of TotalSwimming without whom our events would be a mess and to Frederiek Bollen, who has singlehandedly held the fort for the S&R Department and still managed to coordinate all of our events for our best results yet. Now we turn our attention to 2010 and how to beat what we have achieved over the past 12 months. Thank you. Andrew Crombie Swimming Convenor
Over the 24 hours, the pool saw phases of ANNUAL REPORT 2009/2010
29
SPORTS SECTION REPORT
TENNIS SUB-COMMITTEE John Rasmussen (Convenor) Lilian Lum Esther Ling Virginia Longfellow LL Lim The Tennis Section enjoyed an eventful year, packed with an average of two to three events per month. We started out the year with the annual Singapore Swimming Club Invitational, with a Men’s pair team, a Ladies pair team and Mixed Doubles pair team in March 2009. Other events held throughout the year were: IN-HOUSE EVENTS 2009/10 • Monthly Bring-a-Guest evenings • 2009 Wimbledon Tennis Match & Dinner, on Sunday 5 July • National Day Tennis Social, on Sunday 9 August • Tennis End-of-Year Celebration, on Saturday 28 November • Tennis Chinese New Year Party, on Saturday 23 January 2010 CLUB CHAMPIONSHIPS This year the Junior Tennis Championships were held in September and the Club Championships in November. Our congratulations go out to: Junior Champions Under 10 Girls Maxine Ng Under 10 Boys Ishaan Parakkoran Under 12 Girls Shibani Mehta Under 12 Boys Evan Tan Under 14 Girls Jose Maria Condotta Under 14 Boys Will Angkawidjaja Under 16 Girls Alison Kuah Under 16 Boys Ishan Krishan Club Champions Ladies Singles Anne Tan Men’s Singles Mark Fernandes Ladies Doubles Maddie Noda & Naomi Takeda
30
Men’s Doubles Mark Fernandes & Dave Ng Mixed Doubles Chong Yu Mei & Bernard Fung INTER-CLUB COMPETITIONS This year, the Club entered two teams for the STA Inter-Club Doubles Competition. The men’s team was entered in the ‘B’ Division and for the first time, our ladies team was entered into the ‘A’ Division. The men’s team had many close-fought battles and was only one point short of a place in the semi-finals. The ladies also had a lot of tight matches and came close to taking the top spot; a placing of third was a very respectable finish for the ladies. This year the POT Games were hosted by the Singapore Cricket Club, but played at the Tanglin Club. Great tennis was played by all, and as expected, the result was very close, and unfortunately the Cup was brought back to SCC again. The Tennis Quadrangular 2010 was organized by the Keppel Club, and we competed for the trophy together with the American Club, the Hollandse Club and of course the Keppel Club. Fortunately, we were able to close this final event of the year with a great win and brought home the Quadrangular Trophy! INTER-CLUB FRIENDLIES Throughout the year many friendly matches were organized. Matches played amongst others were: • SICC on 29 March 2009 • Jurong Country Club on 19 May 2009 • Keppel Club on 27 June 2009 • Singapore Swimming Club on 29 August 2009 • NUSS on 12 November 2009 • Singapore Cricket Club on 27 February 2010 OVERSEAS TRIP Tanglin Club was invited by the Ladies Recreation Club (LRC) of Hong Kong, to a friendly
THE TANGLIN CLUB
tennis match on 4 December 2009 - altogether 12 members attended this event. LRC hosted a great event, and as usual there were men’s doubles, ladies doubles and mixed doubles, and was well-organized by their resident tennis pro. We look forward to hosting the Ladies Recreation Club in Singapore sometime in 2010. Tennis in the Club is in excellent shape with fast growing interest and participation from the members. Tennis coaching, by Ken Smith and his team, has also developed in a major way with revenue to the Club, excluding court fees, of approximately S$90,000 for the year. Our thanks must go to the Tennis Section members including all tennis players and our juniors for their enthusiasm in supporting all events which were organized by the Tennis Section Sub-Committee, together with our dedicated and hardworking S&R staff, with Ken and his team also helping out with many events. Finally, I would like to thank the members of the Tennis Section Sub-Committee, not only for their time and support but also their warm fellowship, which makes it all worthwhile and ensures the Tennis Section flourish. John Rasmussen Tennis Convenor
STATEMENT BY THE
GENERAL COMMITTEE STATEMENT BY THE GENERAL COMMITTEE TO THE MEMBERS OF THE TANGLIN CLUB In accordance with a resolution of the General Committee and in the opinion of the General Committee, the financial statements set out on pages 33 to 51 are drawn up so as to present fairly the state of aairs of the Club as at January 31, 2010, and the results, changes in funds and cash flows for the financial year then ended, and at the date of this statement, there are reasonable grounds to believe that the Club will be able to pay its debts when they fall due. ON BEHALF OF THE GENERAL COMMITTEE
CHUA TIANG HOO Honorary Treasurer March 12, 2010
JOSEPH CHEW President March 12, 2010
ANNUAL REPORT 2009/2010
31
AUDITOR’S REPORT INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF THE TANGLIN CLUB We have audited the financial statements of The Tanglin Club (the “Club”) which comprise the statement of financial position as at January 31, 2010, the statement of comprehensive income, statement of changes in funds and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory notes, as set out on pages 33 to 51. GENERAL COMMITTEE’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS The General Committee is responsible for the preparation and fair presentation of these financial statements in accordance with Singapore Financial Reporting Standards. This responsibility includes: devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair profit and loss account and balance sheet and to maintain accountability of assets; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. AUDITORS’ RESPONSIBILITY Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the General Committee, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. OPINION In our opinion, the financial statements of the Club are properly drawn up in accordance with Singapore Financial Reporting Standards so as to give a true and fair view of the state of affairs of the Club as at January 31, 2010 and of the results, changes in funds and cash flows of the Club for the year then ended.
Deloitte & Touche LLP Public Accountants and Certified Public Accountants Singapore March 12, 2010
32
THE TANGLIN CLUB
FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION JANUARY 31, 2010 Note
2010 $
2009 $
Current assets Cash and bank balances Members’ accounts Other receivables Inventories Total current assets
5 6 7 8
14,320,591 4,955,737 898,858 255,535 20,430,721
9,923,710 5,218,286 669,562 251,236 16,062,794
Non-current assets Property, plant and equipment Held-to-maturity investments Total non-current assets
9 10
35,752,528 10,307,297 46,059,825
37,310,787 10,495,244 47,806,031
66,490,546
63,868,825
11 12
4,474,204 1,296,209 1,103,907 207,000 7,081,320
5,412,169 1,273,876 1,041,867 122,682 7,850,594
13 14 15 16
15,889,230 31,261,996 2,258,000 10,000,000 59,409,226
14,944,640 28,815,591 2,258,000 10,000,000 56,018,231
66,490,546
63,868,825
ASSETS
Total assets
LIABILITIES Current liabilities Trade and other payables Members’ advance payments and deposits Subscription charged in advance Income tax payable Total current liabilities Funds and reserves Accumulated special fund (jackpot machines) Accumulated operating fund Property revaluation reserve Special reserve Total funds and reserves Total liabilities, funds and reserves
See accompanying notes to financial statements.
JOSEPH CHEW President March 12, 2010
CHUA TIANG HOO Honorary Treasurer March 12, 2010 ANNUAL REPORT 2009/2010
33
FINANCIAL STATEMENTS STATEMENT OF COMPREHENSIVE INCOME YEAR ENDED JANUARY 31, 2010 Note
2010
2009
$
$
Guest room rental
1,218,846
1,260,629
Subscriptions fees
7,629,584
6,796,887
Food and beverage sales
8,917,914
8,278,441
Jackpot collections
1,372,020
1,214,865
Sports and recreation
325,533
279,013
Miscellaneous
374,808
354,353
19,838,705
18,184,188
(3,982,923)
(3,643,936)
Operating revenue
Total operating revenue Less: Operating expenditure Cost of food and beverage sales Sta and related costs
17
(8,134,667)
(9,148,227)
Other operating costs
18
(4,461,059)
(4,003,652)
Water and electricity
(1,991,114)
(1,879,130)
Depreciation
(2,122,432)
(1,981,751)
Property tax
(161,450)
(268,890)
(20,853,645)
(20,925,586)
(1,014,940)
(2,741,398)
3,940,666
6,970,000
554,726
231,433
4,495,392
7,201,433
3,480,452
4,460,035
Total operating expenditure Operating deficit Add: Other operating income Entrance fees Investment income
19
Surplus for the year before tax Less: Income tax (expense) benefit
20
Surplus for the year after tax Other comprehensive income for the year, net of tax Total comprehensive income for the year See accompanying notes to financial statements.
34
THE TANGLIN CLUB
(89,457)
10,697
3,390,995
4,470,732
-
-
3,390,995
4,470,732
ANNUAL REPORT 2009/2010
See accompanying notes to financial statements.
Balance at January 31, 2010
Transfer to Accumulated Special Fund
Total comprehensive income for the year
Balance at January 31, 2009
Transfer to Accumulated Special Fund
Total comprehensive income for the year
Balance at February 1, 2008
STATEMENT OF CHANGES IN FUNDS YEAR ENDED JANUARY 31, 2010
14
14
NOTE
15,889,230
944,590
-
14,944,640
784,599
-
14,160,041
$
31,261,996
(944,590)
3,390,995
28,815,591
(784,599)
4,470,732
25,129,458
$
FUND
OPERATING
SPECIAL FUND (JACKPOT MACHINE)
ACCUMULATED
ACCUMULATED
2,258,000
-
-
2,258,000
-
-
2,258,000
$
RESERVE
REVALUATION
PROPERTY
10,000,000
-
-
10,000,000
-
-
10,000,000
$
RESERVE
SPECIAL
59,409,226
-
3,390,995
56,018,231
-
4,470,732
51,547,499
$
TOTAL
FINANCIAL STATEMENTS
35
FINANCIAL STATEMENTS STATEMENT OF CASH FLOWS YEAR ENDED JANUARY 31, 2010
Operating activities Surplus before taxation Adjustments for: (Writeback) Allowance for doubtful debts Depreciation of property, plant and equipment Gain on disposal of property, plant and equipment Interest income Operating cash flows before movements in working capital Members’ accounts Inventories Other receivables Trade and other payables Members’ advance payments and deposits Subscription charged in advance Cash generated from operations Income tax paid Net cash from operating activities Investing activities Purchase of property, plant and equipment Proceeds from disposal of property, plant and equipment Interest received Net cash used in investing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (Note A)
2010 $
2009 $
3,480,452
4,460,035
(22,458) 2,122,432 (18,613) (554,726) 5,007,087
23,577 1,981,751 (17,076) (231,433) 6,216,854
285,007 (4,299) (30,005) (1,058,431) 22,333 62,040 4,283,732
(1,738,212) 12,223 (135,020) 400,286 89,489 170,376 5,015,996
(5,139) 4,278,593
(93,096) 4,922,900
(588,595) 43,035 543,382 (2,178)
(6,631,479) 28,925 642,240 (5,960,314)
4,276,415 9,821,353 14,097,768
(1,037,414) 10,858,767 9,821,353
14,320,591 (222,823) 14,097,768
9,923,710 (102,357) 9,821,353
Note A Cash and bank balances (Note 5) Less: Funds held as custodian (Note 5)
See accompanying notes to financial statements.
36
THE TANGLIN CLUB
FINANCIAL STATEMENTS NOTES TO FINANCIAL STATEMENTS JANUARY 31, 2010 1
GENERAL The Club is registered under the Societies Act with its principal place of business and registered office at 5 Stevens Road, Singapore 257814. The financial statements are expressed in Singapore dollars. The principal activities of the Club are to provide social and recreational amenities for its members. The financial statements of the Club for the year ended January 31, 2010 were authorised for issue by the General Committee on March 12, 2010.
2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF ACCOUNTING - The financial statements have been prepared in accordance with the historical cost basis, except as disclosed in the accounting policies below, and are drawn up in accordance with the Singapore Financial Reporting Standards (“FRS”). ADOPTION OF NEW AND REVISED STANDARDS - In the current financial year, the Club has adopted all the new and revised FRSs and Interpretations of FRS (“INT FRSs”) that are relevant to its operations and effective for annual periods beginning on or after February 1, 2009. The adoption of these new/revised FRSs and INT FRSs does not result in changes to the Club’s accounting policies and has no material effect on the amounts reported for the current and prior years except as disclosed below. FRS 1 – Presentation of Financial Statements (Revised) FRS 1 (2008) has introduced terminology changes (including revised titles for the financial statements) and changes in the format and content of the financial statements. In addition, the revised standard requires the presentation of a third statement of financial position at the beginning of the earliest comparative period presented if the entity applies new accounting policies retrospectively or makes retrospective restatements or reclassifies items in the financial statements. At the date of authorisation of these financial statements, the General Committee of the Club anticipates that the adoption of the other FRSs, INT FRSs and amendments to FRS that were issued but effective only in future periods will not have a material impact on the financial statements of the Club in the period of their initial adoption. FINANCIAL INSTRUMENTS - Financial assets and financial liabilities are recognised on the Club’s statement of financial position when the Club becomes a party to the contractual provisions of the instrument. Effective interest method The effective interest method is a method of calculating the amortised cost of a financial instrument and of allocating interest income or expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts or payments through the expected life of the financial instrument, or where appropriate, a shorter period. Income and expense is recognised on an effective interest rate basis for debt instruments other than those financial instruments “at fair value through profit or loss”. Financial assets Investments are recognised and de-recognised on a trade date where the purchase or sale of an investment is under a contract whose terms require delivery of the investment within the timeframe established by the market concerned, and are initially measured at fair value, net of transaction costs except for those financial assets classified as at fair value through profit or loss which are initially measured at fair value.
ANNUAL REPORT 2009/2010
37
FINANCIAL STATEMENTS Other financial assets are classified into the following specified categories: financial assets “at fair value through profit or loss”, “held-to-maturity investments”, and “loans and receivables”. The classification depends on the nature and purpose of financial assets and is determined at the time of initial recognition. Held-to-maturity investments Bonds with fixed or determinable payments and fixed maturity dates where the Club has a positive intent and ability to hold to maturity are classified as held-to-maturity investments. Held-to-maturity investments are recorded at amortised cost using the effective interest method less impairment, with revenue recognised on an effective yield basis. Loans and receivables Members’ account and other receivables which have fixed or determinable payments that are not quoted in an active market are classified as “loans and receivables”. Loans and receivables are measured at amortised cost using the effective interest method less impairment. Interest is recognised by applying the effective interest method, except for short-term receivables when the recognition of interest would be immaterial. Impairment of financial assets Financial assets, other than those at fair value through profit or loss, are assessed for indicators of impairment at the end of each reporting period. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been impacted. For all financial assets, objective evidence of impairment could include: • significant financial difficulty of the issuer or counterparty; or • default or delinquency in interest or principal payments; or • it becoming probable that the borrower will enter bankruptcy or financial re-organisation For certain categories of financial assets, such as trade receivables, assets that are assessed not to be impaired individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for a portfolio of receivables could include the Club’s past experience of collecting payments, an increase in the number of delayed payments in the portfolio past the average credit period of 45 days, as well as observable changes in national or local economic conditions that correlate with default on receivables. For financial assets carried at amortised cost, the amount of the impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate. The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with the exception of receivables where the carrying amount is reduced through the use of an allowance account. When a receivable is uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and demand deposits and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of changes in value. Derecognition of financial assets The Club derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or it transfers the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. If the Club neither transfers nor retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Club recognises its retained interest in the asset and an associated liability for amounts it may have to pay. If the Club retains substantially all the risks and rewards of ownership of a transferred financial asset, the Club continues to recognise the financial asset and also recognises a collateralised borrowing for the proceeds received.
38
THE TANGLIN CLUB
FINANCIAL STATEMENTS Financial liabilities Financial liabilities are recognised when the Club becomes a party to the contractual agreements of the instrument. The Club’s financial liabilities include members’ deposits and trade and other payables. Payables, which represent the fair value of consideration for goods and services to be paid in the future, whether or not billed to the Club, are recognised initially at their fair value and subsequently measured at amortised cost, using the effective interest method, except for short-term payables, where the recognition of interest would be immaterial. Derecognition of financial liabilities The Club derecognises financial liabilities when, and only when, the Club’s obligations are discharged, cancelled or they expire. INVENTORIES - Inventories are stated at the lower of cost and net realisable value. Cost is calculated using the first in first out basis. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. Inventories comprise of mainly beverages and food stuff. LEASES - Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. The Club as lessee Rentals payable under operating leases are charged to profit or loss on a straight-line basis over the term of the relevant lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period in which they are incurred. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis, except where another systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed. The Club as lessor Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless another systematic basis is more representative of the time pattern in which use benefit derived from the leased asset is diminished. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term. PROPERTY, PLANT AND EQUIPMENT - Property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. The initial cost of property, plant and equipment comprises its purchase price, including import duties and nonrefundable purchase taxes and any directly attributable costs of bringing the asset to its working condition and location for its intended use. Any trade discounts and rebates are deducted in arriving at the purchase price. Dismantlement, removal or restoration costs are included as part of the cost of property, plant and equipment if the obligation for dismantlement, removal or restoration is incurred as a consequence of acquiring or using the asset. Depreciation is computed utilising the straight-line method to write-off the cost of these assets over their estimated useful lives as follows: Buildings - 50 years or over the remaining useful lives Furniture, fixtures and equipment - 3 to 10 years No depreciation is provided on freehold land.
ANNUAL REPORT 2009/2010
39
FINANCIAL STATEMENTS The estimated useful life and depreciation method are reviewed at each year end to ensure that the method and period of depreciation are consistent with the expected pattern of economic benefits from fixed assets. The eect of any changes in estimate is accounted for on a prospective basis. Construction-in-progress is stated at cost. The accumulated costs will be reclassified to the appropriate property, plant and equipment account when the construction is substantially completed and the asset is ready for its intended use. For acquisitions and disposals during the financial year, depreciation is provided from the month of acquisition to the month before disposal respectively. Fully depreciated assets still in use are retained in the financial statements. An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected from its use or disposal. The gain or loss arising on the disposal or retirement of an asset is determined as the dierence between the sales proceeds and the carrying amounts of the asset and is recognised in profit or loss. IMPAIRMENT OF ASSETS - At the end of each reporting period, the Club reviews the carrying amounts of its non financial assets to determine whether there is any indication that those assets have suered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the Club estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount of an asset (cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss. Where an impairment loss subsequently reverses, the carrying amount of the asset (cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. PROVISIONS - Provisions are recognised when the Club has a present obligation (legal or constructive) as a result of a past event, it is probable that the Club will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably. REVENUE RECOGNITION - Revenue includes bar sales, restaurant sales, revenue from jackpot machines, guest room rentals, and sports and other revenue. Revenue is recognised when the significant risks and rewards of ownership have been transferred to the members and the amount of revenue and the costs of the transaction can be measured reliably. Revenue excludes goods and services taxes and is arrived at after deduction of trade discounts. No revenue is recognised if there are significant uncertainties regarding recovery of the consideration due, associated costs or the possible returns of subscription fees.
40
THE TANGLIN CLUB
FINANCIAL STATEMENTS The basis of recognition of revenue is as follows: (i) Entrance fees Entrance fees are recognised as revenue on an accrual basis when the membership applications are approved. The payments made for membership buy-backs is offset against entrance fee in the period of the buy-back. Under a Limited Buy-Back Scheme, the Club may buy back the membership from a Life or Ordinary member for a sum of $10,000 or 50% of the prevailing entrance fee, whichever is greater. With effect from August 1, 2008, the sum payable has been increased to $15,000 or 50% of the prevailing entrance fee, whichever is greater. (ii) Subscription fees Subscription fees are recognised as revenue when they are billed. (a) Subscription fees billed to Permanent Absent Members Subscription fees are billed to the Permanent Absent Members for whom the Club has a current address. (b) Subscription fees from Term Members Term members are billed on an annual basis and the Term Membership ceases at the end of term. (iii) Jackpot revenue Jackpot revenue is recognised based on gross receipts less the relevant government taxes, payment of winnings and capital refills. (iv) Interest income from long-term investments is accounted for on a time-apportioned basis. (v) All other income is recognised as revenue on an accrual basis in profit or loss. RETIREMENT BENEFIT COSTS - Payments to defined contribution retirement benefit plans are charged as an expense as they fall due. Payments made to state-managed retirement benefit schemes, such as the Singapore Central Provident Fund, are dealt with as payments to defined contribution plans where the Club’s obligations under the plans are equivalent to those arising in a defined contribution retirement benefit plan. EMPLOYEE LEAVE ENTITLEMENT - Employee entitlements to annual leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the end of the reporting period. INCOME TAX - Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from surplus as reported in profit or loss because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are not taxable or tax deductible. The Club’s liability for current tax is calculated using tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to profit or loss. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Club intends to settle its current tax assets and liabilities on a net basis.
ANNUAL REPORT 2009/2010
41
FINANCIAL STATEMENTS Current and deferred taxes are recognised as an expense or income in the profit or loss. FOREIGN CURRENCY TRANSACTIONS - The Club’s financial statements are measured and presented in Singapore dollars, which is the currency of the primary economic environment in which the Club operates (its functional currency). In preparing the financial statements of the Club, transactions in currencies other than the Club’s functional currency are recorded at the rate of exchange prevailing on the date of the transaction. At the end of each reporting period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at the end of the reporting period. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated. Exchange differences arising on the settlement of monetary items, and on retranslation of monetary items are included in profit or loss for the period.
3
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY (a) Critical judgements in applying the Club’s accounting policies In the application of the Club’s accounting policies, which are described in Note 2, the General Committee is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. (b) Key sources of estimation uncertainty The key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are discussed below. Useful lives of property, plant and equipment Property, plant and equipment are depreciated on a straight-line basis over their estimated useful lives. The General Committee estimates the useful lives of these property, plant and equipment to be within 3 to 50 years. The carrying amount of the Club’s property, plant and equipment at January 31, 2010 was $35,752,528 (2009 : $37,310,787). Changes in the expected level of usage could impact the economic useful lives and the residual values of these assets and therefore future depreciation charges could be revised. Allowance for doubtful debts Allowance for doubtful debts are made in the financial statements based on management’s best estimate of the carrying amount of receivables that are doubtful of collection after evaluation of collectability. Management’s judgement is required in assessing the ultimate realisation of these receivables including the current creditworthiness and the past collection history of each member. Where the expectation is different from the original estimate, such difference will impact the carrying value of the members’ account and other receivables and doubtful debts expense in the period in which such estimate has been changed. The carrying amounts of the members’ account and other receivables at January 31, 2010 were $4,955,737 and $898,858 (2009 : $5,218,286 and $669,562) respectively.
42
THE TANGLIN CLUB
FINANCIAL STATEMENTS 4
FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL RISKS MANAGEMENT (a) Categories of financial instruments The following table sets out the financial instruments as at the end of the reporting period. 2010 2009 $ $ Financial assets Held to maturity investment 10,307,297 10,495,244 Loan and receivables: Members’ accounts 4,955,737 5,218,286 Other receivables 717,689 505,210 Cash and cash equivalent 14,097,768 9,821,353 2010 $ Financial liabilities Amortised cost: Members’ deposits Trade and other payables
1,296,209 4,474,204
2009 $
1,273,876 5,412,169
(b) Financial risk management policies and objectives The Club’s overall financial risk management programme seeks to minimise potential adverse effects of the financial performance of the Club. There has been no significant change to the manner in which it manages and measures the risk. (i) Foreign exchange risk management The Club’s transactions are largely denominated in Singapore dollars and has limited exposure to foreign exchange risk. Accordingly, no sensitivity analysis is prepared as the Club does not expect any material effect on the Club’s profit or loss arising from the effects of reasonably possible changes to foreign currency exchange rates. (ii) Interest rate risk management The Club’s exposure to changes in interest risk relates primarily to the short-term fixed deposits with bank and held-to-maturity investments. The interest rates for fixed deposits and fixed coupon rates are disclosed in Notes 5 and 10 to the financial statements respectively. No sensitivity analysis is prepared as the Club does not expect any material effect on the Club’s profit or loss arising from the effects of reasonably possible changes to interest rates on interest bearing financial instruments at the end of the reporting period. (iii) Credit risk management The Club’s principal financial assets are cash and bank balances, members’ account and other receivables. The carrying amount of financial assets recorded in the financial statements represents the Club’s maximum exposure to credit risk. Further details of credit risks on members accounts are disclosed in Note 6. Cash and fixed deposits are placed with creditworthy banks and financial institutions which are regulated. (iv) Liquidity risk management The Club maintains sufficient cash and cash equivalents and internally generated cash flows to finance their activities. The Club ensures that there are adequate funds to meet all its obligations in a timely and cost-effective manner.
ANNUAL REPORT 2009/2010
43
FINANCIAL STATEMENTS (v) Fair value of financial assets and financial liabilities The carrying amounts of cash and cash equivalents, amount due from members and other current receivables and payables, provisions and other liabilities approximate their respective fair values due to the relatively short- term maturity of these financial instruments. The fair values of other classes of financial assets and liabilities are disclosed in the respective notes to financial statements. (c) Capital risk management policies and objectives The Club reviews its capital structure at least annually to ensure that the Club will be able to continue as a going concern. The capital structure of the Club comprises only of funds and reserves. The Club’s overall strategy remains unchanged from 2009.
5
CASH AND BANK BALANCES 2010 $ Fixed deposits Cash at bank Cash on hand
8,661,409 5,470,159 189,023 14,320,591
2009 $ 7,308,504 2,393,796 221,410 9,923,710
Bank balances and cash comprise cash held by the Club and short-term bank deposits with an original maturity of 1 month or less. The carrying amounts of these assets approximate their fair values. Fixed deposits bear average effective interest rate of 0.5% (2009 : 1.5%) per annum and for a tenure of approximately 90 days (2009 : 90 days). Bank balances of $222,823 (2009 : $102,357) relate to funds which the Club held as custodian for members from the various interest groups. The corresponding liability is recorded in trade and other payables (Note 11). Significant cash and bank balances that are not denominated in the functional currency of the Club are as follows:
Denominated in: Great Britain pound
6
2010 $
2009 $
93,893
60,566
2010 $
2009 $
MEMBERS’ ACCOUNTS
Members’ accounts Entrance fees receivable from members
2,409,125 2,552,500 4,961,625 (5,888) 4,955,737
Allowance for doubtful debts
2,344,549 2,920,000 5,264,549 (46,263) 5,218,286
The average credit period is 45 days (2009 : 45 days). A penalty charge of $50 is payable on overdue balances. Members’ accounts balance with a carrying amount of $48,502 (2009 : $18,525) are past due but not impaired as these are recoverable due to their current creditworthiness and past collections history of members. The Club has fully provided for members’ accounts which are impaired.
44
THE TANGLIN CLUB
FINANCIAL STATEMENTS Movement in the allowance for doubtful debts:
Balance at beginning of the year (Credit) Charge to profit or loss Amount written o Balance at end of the year
7
2009 $
46,263 (22,458) (17,917) 5,888
22,686 23,577 46,263
2010 $
2009 $
OTHER RECEIVABLES
Interest receivable Prepayments Deposits Other receivables
8
2010 $
209,452 181,169 239,040 269,197 898,858
10,161 164,352 244,920 250,129 669,562
INVENTORIES 2010 $ Food and beverages Cigarettes Others
219,040 11,164 25,331 255,535
ANNUAL REPORT 2009/2010
2009 $ 206,688 10,187 34,361 251,236
45
FINANCIAL STATEMENTS 9
PROPERTY, PLANT AND EQUIPMENT
Cost or valuation: At February 1, 2008 Transfers Additions Disposals At January 31, 2009 Transfers Additions Disposals At January 31, 2010 Accumulated depreciation: At February 1, 2008 Charge for the year Disposals At January 31, 2009 Charge for the year Disposals At January 31, 2010 Carrying amount: January 31, 2010: Cost Valuation*
January 31, 2009: Cost Valuation*
Buildings $
Furniture, fixtures and equipment $
Constructionin-progress $
Total $
2,458,000 2,458,000 2,458,000
21,211,317 18,949,894 40,161,211 100,189 40,261,400
10,663,327 2,977,874 926,950 (265,731) 14,302,420 432,932 (104,556) 14,630,796
16,223,239 (21,927,768) 5,704,529 55,474 55,474
50,555,883 6,631,479 (265,731) 56,921,631 585,595 (104,556) 57,405,670
-
9,041,758 949,340 9,991,098 960,618 10,951,716
8,841,217 1,032,411 (253,882) 9,619,746 1,161,814 (80,134) 10,701,426
2,458,000 2,458,000
29,309,684 29,309,684
3,929,370 3,929,370
55,474 55,474
33,294,528 2,458,000 35,752,528
2,458,000 2,458,000
30,170,113 30,170,113
4,682,674 4,682,674
-
34,852,787 2,458,000 37,310,787
Freehold Land $
-
17,882,975 1,981,751 (253,882) 19,610,844 2,122,432 (80,134) 21,653,142
* The freehold land was stated at valuation based on an independent appraisal made in 1970. No regular revaluation has been performed for the freehold land as the freehold land is exempted from revaluation in accordance with FRS 16 Property, Plant and Equipment.
46
THE TANGLIN CLUB
FINANCIAL STATEMENTS 10
HELD-TO-MATURITY INVESTMENTS
Quoted bonds, at amortised cost
2010 $
2009 $
10,307,297
10,495,244
The fair value of the quoted bonds is $10,423,000 (2009 : $10,099,000) and are determined using the last transacted bid prices on the stock exchange on the last day of the financial year. The quoted bonds have a fixed coupon rate of 5% (2009 : 5%) per annum. The average effective interest rate is 2.8% to 3.2% (2009 : 2.8% to 3.2%) per annum. Interest income is received on a 6-monthly basis. These quoted bonds mature in September 2011.
11
TRADE AND OTHER PAYABLES
Trade payables Other payables Amount payable to contractors Amount held as custodian for members from the interest groups (Note 5) Staff benefits Accruals
2010 $
2009 $
1,245,852 618,394 774,202
1,046,486 589,718 2,153,526
222,823 764,630 848,303 4,474,204
102,357 1,232,690 287,392 5,412,169
The average credit period on purchase of goods is 30 days (2009 : 30 days).
12
MEMBERS’ ADVANCE PAYMENTS AND DEPOSITS
Members’ advance payments Members’ deposits
13
2010 $
2009 $
160,659 1,135,550 1,296,209
171,196 1,102,680 1,273,876
ACCUMULATED SPECIAL FUND (JACKPOT MACHINES) In accordance with Club Rule 2005 Section 46(ii), on dissolution of the Club, any accumulated surplus arising from Jackpot machines not used for the Club’s normal yearly operating expenses would be distributed to recognised charitable organisations in Singapore and not be available for distribution to the Club members. The accumulated special fund represents the accumulated surplus from Jackpot machines. 2010 2009 $ $ Balance at beginning of year Transfer from accumulated operating fund (Note 14) Balance at end of year
ANNUAL REPORT 2009/2010
14,944,640 944,590 15,889,230
14,160,041 784,599 14,944,640
47
FINANCIAL STATEMENTS 14
ACCUMULATED OPERATING FUND
Balance at beginning of year Surplus for the year Transfer to accumulated special fund (Note 13) Balance at end of year
2010 $
2009 $
28,815,591 3,390,995 (944,590) 31,261,996
25,129,458 4,470,732 (784,599) 28,815,591
In the event of the Club being dissolved, all debts and liabilities legally incurred on behalf of the Club shall be fully discharged. Thereafter, the Club shall distribute the accumulated surpluses in compliance with the Club Rule 2005 Section 46(ii). The transfer to accumulated special fund represents net jackpot collections of $1,372,020 (2009 : $1,214,865) less related expenses of $427,430 (2009 : $430,266).
15
PROPERTY REVALUATION RESERVE The property revaluation reserve represents the excess of a 1970 valuation of the freehold land over its book value at that date.
16
SPECIAL RESERVE A special reserve was set up in 2005 financial year by a transfer of $10 million from the accumulated operating fund as mandated by members at a special general meeting held on March 22, 2004, whereby at any time, the Club’s special reserve should not fall below $10 million at the commencement and for the duration of each phase of masterplan development without the membership’s approval of a recovery plan. This reserve is represented by quoted bonds in Note 10.
17
STAFF AND RELATED EXPENSES 2010 $ Key management personnel: Salaries and related expenses CPF contributions Other than key management personnel: Salaries and related expenses CPF contributions Incentive allowance Staff free meals Medical expenses Uniforms Skills Development Fund levy Other staff cost
48
THE TANGLIN CLUB
2009 $
679,359 51,666
791,595 78,386
6,413,428 508,118 7,986 147,022 85,563 18,197 18,130 205,198 8,134,667
7,122,441 643,776 6,905 147,788 103,829 46,614 21,477 185,416 9,148,227
FINANCIAL STATEMENTS 18
OTHER OPERATING COSTS 2010 $
2009 $
Entertainment, Special Events and Music Band contract and expenses Special events
77,714 157,463
81,309 212,175
Food and Beverage Food and beverage related overheads
428,532
433,924
Cinema Cinema and related expenses
303,460
260,607
Library and Reading Room Library books Newspaper and periodicals
33,869 60,919
35,846 27,961
Sports and Recreation Sports matches and supplies
146,327
99,364
20,354
19,878
768,436
582,328
275,407
334,782
127,016 263,337 652,614 69,072 95,118 153,553 169,702 87,572 55,995 185,574 56,953 (22,458) 18,613 77,156 23,361 149,900 25,500 4,461,059
100,275 30,278 78,779 586,888 58,746 70,711 85,121 154,091 97,928 62,728 172,632 45,349 23,577 (17,076) 95,384 18,082 228,312 23,673 4,003,652
Jackpot Complimentary snacks Facilities Repairs and renewals of building and equipment Support Centres and Cross Unit Expenses General expenses Auditors’ remuneration: - current year - prior year Professional charges Contract outsource - security and cleaning services Outsource and contract labour cost Computer services Insurance Printing and stationery Postage and telephone Club advertising Laundry and dry cleaning Transport Allowance for doubtful debts Gain on disposal of property, plant and equipment In house event expenses DVD Miscellaneous expenses Lease rental
ANNUAL REPORT 2009/2010
49
FINANCIAL STATEMENTS 19
INVESTMENT INCOME
Net interest income from held-to-maturity investments Interest income from banks
20
2010 $
2009 $
513,423 41,303 554,726
117,502 113,931 231,433
2010 $
2009 $
104,319 (14,862) 89,457
102,683 (113,380) (10,697)
INCOME TAX (BENEFIT) EXPENSE
Current taxation Overprovision in prior year
Domestic income tax is calculated at 17% (2009 : 17%) of the estimated assessable profit for the year. The total (credit) charge for the year can be reconciled to the accounting surplus as follows: 2010 $ Surplus for the year before tax
3,480,452
Tax expense at income tax rate Tax effect on income exempted from tax Overprovision in prior year
591,677 (487,358) (14,862) 89,457
2009 $ 4,460,035 758,206 (655,523) (113,380) (10,697)
Section 11(1) of the Income Tax Act Chapter 134 states that if more than 50% of the Club’s gross takings are from its members, the Club is exempted from income tax. The income tax expense in 2010 and 2009 relate to the income tax payable on income received by the Club which is not related to the activities of the Club.
21
COMMITMENTS AND CONTINGENCIES
Committed capital expenditure Capital expenditure approved but not contracted for Bankers’ guarantees in lieu of deposits
50
THE TANGLIN CLUB
2010 $
2009 $
202,910 14,310 280,560
525,180 280,560
FINANCIAL STATEMENTS 22
OPERATING LEASE COMMITMENTS (NON-CANCELLABLE) The Club as lessee Payment recognised as an expense during the year:
Minimum lease payments under operating leases
2010 $
2009 $
25,500
23,673
At the end of the reporting period, the Club was committed to making the following lease rental payments under non-cancellable operating lease for office equipment with a term of:
Within one year In the second to fifth years inclusive
2010 $
2009 $
25,500 48,875 74,375
25,500 74,375 99,875
Operating lease payments represent rentals payable on the Club’s office equipment. Leases are negotiated for an average of three years.
The Club as lessor The Club rents outs its premises and generated rental income of $151,752 (2009 : $90,042) during the year. At the end of the reporting period, the Club has contracted with tenant for the following future minimum lease payments: 2010 2009 $ $ Within one year In the second to fifth years inclusive
107,700 906,200 1,013,900
269,200 1,230,600 1,499,800
The Club’s lease commitments above are based on the agreed monthly rates. However, based on the terms of the agreements, the tenant shall pay rental based on the higher of percentage of monthly total revenue or the agreed monthly rates. The Club has committed tenants for the next 3 years.
23
SUBSEQUENT EVENT A special general meeting was held on February 8, 2010 to approve the budget of $3.5 million for upgrading of the Club’s premises.
ANNUAL REPORT 2009/2010
51
NOTICE OF
ANNUAL GENERAL MEETING Notice is hereby given that the Annual General Meeting of the Members of The Tanglin Club will be held at the Clubhouse on Monday 26 April 2010 at 6.00 pm. Business 1.
To receive the Report of the Committee on the general affairs of the Club in respect of the previous year.
2.
To receive and approve a Financial Statement made up to the preceding 31st January.
3.
To receive an income and capital expenditure budget for the coming year.
4.
To appoint Auditors for the ensuing year.
5.
5.1 5.2
6.
To approve in accordance with Rule 4(v) expenditure not to exceed $1.6M for a complete Guest Rooms renovation including its corridors, new energy saving air-condition and M&E works.
7.
To approve in accordance with Rule 4(v) expenditure not to exceed $500,000 for Energy Efficiency improvement works based on Energy Audit recommendation.
8.
To consider changes to the Club’s Rules, due notice of which has been given to Members under Rule 2(iii) of the Rules of the Club.
9.
To deal with any other business brought before the meeting in accordance with Rule 33(iii)(a)(f) of the Rules of the Club.
Introduction of Candidates for Election. To elect President, Vice President, Honorary Treasurer and eight Members of the Committee for the ensuing year.
By Order of the General Committee
HERBERT HOFER General Manager 26 March 2010
NOTE:
Please note that registration will commence at 5pm in the Deli Lounge on 26 April 2010 and will finish at the conclusion of the Annual General Meeting (‘AGM’). When voting by secret ballot, each member must use the appropriate ballot paper provided at registration. Voting for the election of a new Committee will commence two hours after the AGM has been declared open and for this purpose ballot boxes shall remain opened until 0100 hours on 27 April 2010 and shall be reopened at 0900 hours on 27 April 2010 and finally closed at 1800 hours later that evening. Counting of votes shall proceed thereafter. Where members at the AGM decide to vote on a resolution by secret ballot the opening of the ballot boxes and the counting of the votes for this purpose shall take place at the AGM and be conducted at the direction of the President or Chairman of the AGM. Nominations for election to the General Committee must be completed on the prescribed form available from the Reception, and must be received by the General Manager not later than twenty-one days before the meeting i.e. 6.00 pm, Monday 5 April 2010. Deadline for receipt of amendments to the proposed rule amendments is 6.00 pm, Monday 19 April 2010. Deadline for receipt of matters to be discussed under Any Other Business is 6.00 pm, Monday 19 April 2010.
The above Notice of the Annual General Meeting was mailed out to members on Friday 26 March 2010 in accordance with Rule 35(i).
52
THE TANGLIN CLUB
Presidents of The Tanglin Club 1865 to 2009 1865 1866 1867 1868 1869 1870 1871 1872 1873 1874 1875 1877 1879 1880 1881 1882 1883 1884 1885 1886 1887 1888 1889 1890 1891 1892 1893 1894 1895 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914
Thomas Dunman Thomas Dunman Robert Read Robert Read Robert Read Reginald Padday Hon James Birch Hon James Birch Hon James Birch Hon James Birch Hon James Birch Julius Brussel William Read Samuel Gilfillan Frederick Bishop Thomas Cuthbertson John Fraser John Cuthbertson Sir John Anderson Sir John Anderson John Cuthbertson Hon John Finlayson Sir George Murray John Cuthbertson John Cuthbertson John Cuthbertson John Cuthbertson John Cuthbertson William Caddell William Caddell John Jones William Waddell William Waddell James Maclaren Francis Mactaggart Dr W R C Middleton J Dashwood Saunders Hon William Collyer William Hooper Frederick Elliot Frederick Elliot William Hooper Cedric Carver Rowland Allen Rowland Allen Donald Perkins Dr Peter Fowlie Hon Elliot Hewan Hon Elliot Hewan Sir Roland Braddell
1915 1916 1917 1918 1919 1920 1921 1922 1923 1924 1925 1926 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
Hon Elliot Hewan William Sims Sir Roland Braddell Sir Roland Braddell Gilbert Carver Gilbert Carver A G Harrington A G Harrington Gilbert Carver Oswald Griffith-Jones Oswald Griffith-Jones Sir Arthur Jelf Ernest Fulcher Dr Edward Elder L C Margoliouth Harold Godwin Oswald Griffith-Jones Oswald Griffith-Jones Oswald Griffith-Jones Henry Salmond Charles Holland H W Hawkeswood Sir Andrew Caldecott Osborne Bateman Osborne Bateman Oswald Griffith-Jones Thomas Holyoak Thomas Holyoak Harold Godwin Harold Godwin No President No President No President No President Freddie Kemlo Freddie Kemlo Hubert Hopkins Jack West Arnold Thorne Eric Rushworth Freddie Kemlo Arnold Thorne John Mason Eric Henton Justice C Knight Dr Robert Calderwood Eric Henton John Pickering Tim Parker Justice M Buttrose ANNUAL REPORT 2009/2010
1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 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
William Hannay John Craig Harold Smyth Pat Caldicott Pat Caldicott Douglas Beaton Ken Gould Joe Elias Ernest Waller Jim Lawton Jim Lawton Dr Leo Taylor Jim Heaton Jim Heaton Joe Grimberg Joe Grimberg Peter Tomkins Peter Tomkins Ken Thai Ian Braslin John Ewing John Ewing Peter Newman Reggie Thein Ted Grinsted Charles Ho Charles Ho George Sandosham George Sandosham Michael Khoo Michael Khoo Graham Bell Graham Bell Richard Eu Richard Eu John Rasmussen John Rasmussen Dr Chan Kong Thoe Dr Chan Kong Thoe Dr Alex K H Ooi Dr Alex K H Ooi Dr Alex K H Ooi Alan Jones Alan Jones Alan Jones Leow Siak Fah Philip Beng Joseph Chew
5 Stevens Road, Singapore 257814 Tel: 66220555 • Fax: 67332391 • Web: www.tanglinclub.org.sg THE TANGLIN CLUB