Club
SPRING/SUMMER 2016 FREE COPY
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TA K E O N E
Welcome from our Chairman As your Club Chairman it gives me great pleasure to be able to keep you up to date with what has been happening at Yarraville Club over the past few months. The Board of Directors along with Chris Byrne, are proud of how the Club has worked closely with Communities in providing assistance to other Clubs and organisations that need our support. For the financial year ended 30th June, 2016, the Yarraville Club provided community support to many community, educational and sporting groups. The total value of our support for this period was $255,250. This support reflects the ethos of the club and is something that the Board of Directors are proud of. It is only possible to provide this community support if our club is profitable. Recently, I was lucky enough to represent the Club at the recent Seddon Branch of the Bendigo Bank’s Community Pitch night that was held in our function room. Local businesses donated $21,550.00 on the night. Yarraville Club contributed $5000 to this event which is designed to help local community groups achieve successful outcomes in our community.
I will update members in more detail on our financial performance for the year ended 30 June, 2016 in the Annual Report, however, the Club made an operating profit of $1.434 million before provisions and finance costs and a nett profit of $161,180 was realised. I am proud that the club continues to trade profitably, and I thank our General Manager, Chris Byrne and his team for the continued hard work they provide to ensure our Club remains strong. The Board of Directors under my guidance, continue to work on the Strategic Vision and Master Plan of the Club to ensure we continue to be an integral part of the local community and remain relevant to our membership. You will have noticed over the past few months, upgrades have commenced to the reception & foyer areas of the Club. We are planning to expand further expand these upgrades to include new and exciting facilities for Members and guests. I will be able to provide more information on these changes at the Annual General Meeting. I would also like to remind and invite all our Financial Members to the Annual General Meeting which will be held on Sunday 27th November at 11.00am at the Club. We will provide light refreshments and drinks following the meeting, and invite you all to discuss Club matters with the Board, management and staff. I look forward to chatting with you next time you are at the Club. Yours sincerely.
John C. Papazisis Chairman
Club LIFEST YLE & EVENTS
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