CYCSA Annual report2024/2025

CRUISING YACHT CLUB OF SOUTH AUSTRALIA

Membership

Club Sponsors

As at 31.05.2025

The CYCSA thanks its sponsors for their support during 24/25

Life 9

Gold

Foundation 13 Honourary 7 Senior 505 Port Vincent Senior

49

General Member

40

NMAFC 105 Social 131 Racing 144 Associate/Family 40 Youth 34 Total 1077

Silver

Miscellaneous Membership Corporate 16 Contractors 83 Berth Licensee

93

Members on hold

4

Absent Members

14

Corporate

Cruising Yacht Club of South Australia Inc. Lady Gowrie Drive, North Haven South Australia PO Box 1020, North Haven SA 5018 Telephone: Email: Web:

Youth Sailing Foundation Sponsors

08 8248 4222 reception@cycsa.com.au www.cycsa.com.au

Cruising Yacht Club of SA | 2024/2025 Annual Report

2

Contents Administration

4

Board Committees

4

Club Committees

4

Club Association Committees

4

Life Members

4

Flag Officers

5

Board of Management

5

President’s Report

6

Treasurer’s Report

8

Commodore’s Report

11

Finance, Audit and Risk Committee Report

12

All Associations Committee Report

12

Port Vincent Marina Committee Report

13

Membership, Marketing & Sponsorship Report

13

Marine Academy Advisory Committee Report

14

Youth Sailing Foundation Report

16

Cruising Association Report

19

Fishing Association Report

20

Racing Association Report

22

Social Association Committee Report

24

Groundswell Editorial Committee Report

25

Club Structure

26

CYCSA Financial Reports

27

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Cruising Yacht Club of SA | 2024/2025 Annual Report

Administration General Manager Financial Controller/2IC

Board Committees Adam Hays (until Feb 25) Jamie Joyce (from May 25) Kerry O’Brien

Finance, Audit and Risk Committee Chair David Hughes Kerry O’Brien, Peter Hall, Mark Johns, Mark Hutton, Lorenzo Mazzocchetti (from May 25)

Club Associations

Boating and Training Advisory Committee (formerly the Marine Academy Advisory Committee) Chair Doreen Perrin Geoff Catt, Jeff Dinham, Rod Hunter, Mark Hutton, Andrew Saies, Greg Allison, David Royle (Principal)

Cruising Association Committee Chair Darren Harvey (Chair, Treasurer) Miguel Alemao, Jack Didyk, Israel Dunk, Rod Hunter, Tracey Hutt (Deputy Chair, Secretary until April 25), Howard Murton, Julie Verco, Adrian Wotton

Facilities Committee Chair Mark Hutton Troy Smith, Graeme Footer (Marina East Replacement)

Fishing Association Committee Chair Peter Schembri Vadis Rodato (Deputy Chair & Secretary) Vlad Humeniuk (Treasurer), Glen Simpson, Nathan McArdle

Youth Sailing Foundation Advisory Committee Chair Doreen Perrin Robbie Deussen, Caroline Cowen, Luke Allison (Head Coach), Greg Allison

Racing Association Committee Chair Rob Human (Chair) Wayne Grant (Safety Officer), Andrew Lloyd, Charlie Ryan-Kane, Di Schwerdt, John Wardell.

David Hughes (ex officio), Greg Borg (ex officio), Inese Lainis (Racing Administrator)

Membership, Marketing & Sponsorship Committee Chair Jacqueline Heffernan (until Feb 25) Garth Heynen (from Feb 25) Mike Holmes (until Feb 25), Heath Patten, Mellissa Vahoumis

Social Activities Association Committee Chair Giorgina Gauci Rosemary Gould (Treasurer), Jacqueline Heffernan, Jenny Murton, Adrian Wilson, Clay Tenni, Cheryl Marshall, Anna Sciancalepore

Other Committees CYCSA Insurance Fund Advisory Committee Chair Rob Sellick David Roper (Board ex officio), Peter Bolton, Peter Donovan, David Everett, Graeme Footer, Wayne Grant, Steve Perkins

Other Associations The Cruising Yacht Club of SA is a member of the following Associations: Boating Industry Association, Australian Sailing, Marina Industries Association, Clubs SA, Yachting South Australia, Good Sports, STARCLUB, Recreation SA.

Life Members Geoffrey R Catt, Craig A Evans, Richard H Fidock AO, Gay Footer, Graeme L Footer, John Gerard, Jacqueline Heffernan, Andrew D Saies [deceased: Arthur F Carolan, James A Henry, Malcolm A Kinnaird AC, Peter J Page]

Cruising Yacht Club of SA | 2024/2025 Annual Report

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All Associations Committee Chair Mike Holmes David Roper, Adam Hays, Rob Human, Peter Schembri, Darren Harvey, Giorgina Gauci, Di Schwerdt, Rod Hunter Groundswell Committee Chair Gay Footer Pat Catley, Dianne Schwerdt, Mellissa Vahoumis Port Vincent Marina Committee Chair Andrew Abbott Peter Codrington, Greg Hackett, Rob Jacobs, Geoff Catt, David Roper, Rob Marner (ex officio)

Board of Management and Flag Officers

David Roper President

Mark Hutton Treasurer

Jacqueline Heffernan (until Sept 2024)

Garth Heynen

Mark Johns (until May 2025)

Doreen Perrin

Amanda Rice (from Sept 2024)

Troy Smith

David Hughes (from May 2025)

Adam Hays General Manager (until Feb 2025)

Jamie Joyce General Manager (from May 2025)

Mike Holmes Commodore

Di Schwerdt Vice Commodore

Pat Catley Rear Commodore

5

Andrew Saies Rear Commodore

Cruising Yacht Club of SA | 2024/2025 Annual Report

President’s Report

Leadership Transition

The Club’s focus in 2024-2025 was for the steady delivery of services and events, and an orderly management transition. We welcomed new leadership, concluded a major program review, kept members engaged on and off the water, and closed with a solid operating result despite slower trading conditions. None of this happens without our volunteers, staff, Associations and Committees — thank you.

We thanked outgoing General Manager Adam Hays for six and a half years of service across facilities, education and youth development. Kerry O’Brien served as Acting General Manager to maintain continuity during recruitment.

In late May we appointed Jamie Joyce as General Manager following a rigorous process. Jamie brings deep experience in maritime, training and operations. His first months have focused on behind the-scenes improvements: staff training and development, workload resilience, safety management, asset management, and enhanced emergency response capability. These practical foundations set the tone for the coming year.

Board & Membership Milestones At the AGM in mid-September 2024, members returned six experienced Directors, welcomed Amanda Rice to the Board, and elected Gay Footer and retiring Board member Jacqueline Heffernan as Life Members, a fitting recognition of outstanding service. Mark F Johns retired from the Board in May 2025 and was replaced by David Hughes. Thank you Mark for your valuable contributions over the past two years, and welcome back to the Board David.

Youth Sailing Foundation (YSF) Review After extensive member feedback and Board deliberation, we confirmed support to continue the Youth Sailing Foundation and Elliott activities, with clearer oversight, tighter alignment, and improved delivery. The aim is a sustainable platform that grows youth development, strengthens Member engagement, and reinforces our standing in the sailing community.

Membership trends remain mixed but encouraging in the areas that matter for future participation. Youth membership continued to grow on the back of our Youth Sailing Foundation/Elliott program and our alliance with the Adelaide University Sailing Club; Senior membership stayed steady with a waitlist for 10–14 metre single berths in Marina East.

Community and Partnerships Volunteers remain central to Club life. In May the Board hosted a Volunteer Appreciation Gourmet BBQ to recognise the people who give their time across events and operations.

These are the contributions that quietly keep the Club moving.

Opening Day set the tone for the season with a strong turnout and a visible public face through our Flag Officers, reinforcing the Club’s profile, hospitality and event foundations for the months ahead.

Cruising Yacht Club of SA | 2024/2025 Annual Report

To deepen our civic and industry links, the Board approved a Defence Steering Group. Working with management and Sailing Operations, the group will connect defence-sector

6

President’s Report

sponsors with the Marine Academy, the Elliott 7 keelboat program and the revitalised ‘Setting a New Course’ liveaboard initiative for veterans. It also has a practical remit: to help build senior membership from the veteran, serving ADF and defence-industry cohorts, and lift our profile in the wider community.

In parallel, our Port Vincent engagement continues via the Memorandum of Understanding with the Yorke Peninsula Council and industry partners to explore local amenity improvements, channel depth, and a potential ferry connection—longer-range work that could lift value for Members and the region.

Financial Overview (Year Ended 31 May 2025)

Looking Ahead

The Club’s Earnings before Tax, Depreciation, Amortisation and Investments (EBTDA) was $384,238.

This result enables us to maintain and improve our facilities through our capital expenditure program.

The emphasis for 2025–26 is straightforward: embed the General Manager transition; deliver the EBTDA plan through sharper operations and revenue in hospitality, sponsorship/YSF and the Marine Academy; progress the marina refurbishment program with transparent milestones; and keep the on-water and learning calendar active as the pathway from youth to senior membership strengthens.

While revenue for the year was 24% below budget with the main shortfalls in hospitality, Youth Sailing Foundation/sponsorship and the Marine Academy, the Board has identified strategies to strengthen these areas in the year ahead. For 2025–26, the Board has set an EBTDA target of $450,000.

The Sinking Fund (for long-term marina refurbishment) tracked markets through the year: having a book value of $7,635,132 at 31 May 2025 maintaining capital preservation and income for refurbishment cycles.

My thanks to members, volunteers, staff and my Board colleagues for your commitment. Your support enables the Club to invest in people, programs and facilities that keep the CYCSA a leading yachting community in South Australia.

David Roper President

Infrastructure and Planning The marina refurbishment program remains a multiyear priority. No drawdown was required from the Sinking Fund for this purpose during this financial year, but significant expenditure on Marina East services and main walkways is planned to commence soon.

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Cruising Yacht Club of SA | 2024/2025 Annual Report

Treasurer’s Report

In my second year as Treasurer, I am pleased Revenue Streams 24/25 fees Inv Hospitality Corporate fees Membership to present the consolidated financial position (excluding sinking fund revaluation) - $5.1m Hospitality Corporate fees of the Cruising Yacht Club of South Australia Membership fees Investment revenue and Associated Entities to the members for the Racing Assoc 2% Marina west Marina east Hardstand Port Vincen Financial Year ending 31 May 2025.

Licence to occupy Berth sales & leasing Port Vincent Marina west YSF 1% 15% 17% Slipping 3% Ramp Marine Academy Slipping The past year has continued to present challenges, with the ongoing cost-of-living Racing Assoc YSF Other income4% Other income Marine Academy 2% pressures impacting members’ discretionary spending. The Board has acknowledged this Hardstand 15% Ramp 2% environment by once again limiting the increase in membership fees to below the current CPI rate.

Berth sales & leasing 4% Initiatives such as the Thursday evening Members Draw and Boating Conversations have played a key role in supporting Bar and Bistro patronage.

Additionally, our partnerships with Veterans Sailing and the Adelaide University Sailing Club have brought energy to the Club, contributing to vibrant social evenings and increased use of the Elliott 7 fleet.

Hospitality 31%

Licence to occupy berths 3% Marina east Investment revenue 53% 5% (inc sinking fund)

Corporate fees 29%

Membership fees 14%

revenue

Revenue

Hospitality

Corporate fees

Total revenue has increased on the previous year by $181k (up 3.6%) this excludes unrealised gains in the Sinking Fund of $430k. Increased revenue is from member subscriptions and corporate fees. Sale of berths continues to be vibrant with new Senior Members joining, these commissions have also contributed to the increased revenue.

Marina west

Port Vincent 15% Membership North Haven 90%

The Club’s Social, Cruising, Fishing and Racing Associations continued to deliver a vibrant calendar of events, enhancing member engagement and supporting revenue.

Hardstand 15% Racing 5%

Port Vincen

Marina west 17%

Marina east 53%

Port Vincent 5%

8

Hardstand

Mem

Corpora

Membership fees

Investm

Licence to occupy

Berth s

MarinaRamp WestMarine Academy 17% Racing Assoc YSF

Hardstand 15%

revenue

Cruising Yacht Club of SA | 2024/2025 Annual Report

Marina east

Port Vincent 15%

Corporate fees Hospitality

Marina East 53%

Treasurer’s Report

Expenditure

Net Contributions

Total expenses (excluding capital expenditure) for the year increased by $223k, representing a 4.7% rise compared to the previous year, unfortunately outpacing revenue growth. Key drivers of this increase were insurance costs and operating expenses. The rise in operating expenses is largely due to the demands of maintaining aging equipment and undertaking necessary upgrades to our IT infrastructure.

When expenses are allocated across the Club’s revenue streams, we see a clear picture of the net contribution from each area of activity. Member and Corporate Fees remain the Club’s largest contributors, followed by hospitality and trading operations.

The Sinking Fund has delivered a positive return, supporting the Club’s financial position. Meanwhile, the Marine Academy, Associations and slipping operations have operated at cost-neutral or slight loss levels.The Elliott 7 fleet, when costs are attributed solely to YSF, has run at a loss

As members will be aware the Club has a complicated entity structure. We have two Unit Trusts (CYC Ramp Trust and CYC (SA) Unit Trust) each with their own corporate trustees as well as an incorporated body being CYC of SA Inc. This structure was set up with the establishment of the Club and provides members benefits around protection of assets and flexibility for future directions.

These programs are essential to fostering a vibrant Club culture, supporting racing and training initiatives, and driving membership growth and facility use.

However, given that this structure was implemented some 50 years ago, in a very different commercial and corporate environment, the Finance, Audit and Risk Committee has recommended a comprehensive review. The aim is to ensure that the current structure continues to serve the best interests of members moving forward.

Hospitality

Salaries

Depreciation

Cash Flow

Capital expens

Expenditure 24/25 (including capital expenditure) Hospitality

Salaries

Capital expenses

Depreciation

Rates, taxes & utilities

office expenses Insurance OtherGeneral expenses 12% Property maintenance

Other expenses

Property Maintenance 3%

Hospitality 13%

Insurance 3% General office exp 5%

Salaries 38%

Despite expenses increasing at a greater rate than revenue, the Club has successfully delivered a surplus for the year. There has been significant Capital and Capital Replacement projects completed during the past year, to a total of $309k. Significant items include the replacement of outdated and unreliable IT infrastructure and the purchase of a new slip cradle. There have also been some upgrades to the BBQ area which was partially funded with contributions from the Associations. These investments not only enhance operational efficiency but also improve the member experience and long-term sustainability of the Club.

Rates, taxes & utilities 8% Capital expenses* 6% expenses

A summary of the last three years key financial statistics

Depreciation 12% Capital expenses *consolidated a/c additions net of disposals

Net Surplus

A summary of the last three years key financial statistics is set out in the following table.

2024

2023

$

$

$

5,562,341

5,508,725

4,539,752

632,468

801,450

126,107

Income Statement Revenue

The Club and its management continue to embrace strong corporate governance and a positive corporate culture both at Board level and across all business areas.

2025

Balance Sheet Current Assets

8,388,639

7,477,987

6,774,254

Non-current Assets

17,202,763

17,496,491

17,695,679

Current Liabilities

1,226,302

1,088,721

947,927

Non-current Liabilities

3,674,227

3,825,552

4,263,801

Net Assets

20,690,873

20,060,205

19,258,205

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Cruising Yacht Club of SA | 2024/2025 Annual Report

Treasurer’s Report

Sinking Fund Following the interesting year in the Financial Markets, the Sinking Fund continues to grow. As at 31 May 2025, the balance was $7.6m. This is a return on investment of 30% from inception and 10.6% for the past year. As planned by the previous Board and Facility Committee, the Sinking Fund has not been drawn down for Marina replacement activities this past year. The condition reports on the Fire Hydrant and Water infrastructure may require a more rapid replacement program. This is to ensure the CYCSA meet regulatory, risk management requirements and ensure vessels are safely berthed.

Balance Sheet Our Club now has combined Total Assets of $25.6m an increase of $616,924 primarily due to the increased (unrealised) value of the Sinking Fund. The Total Liabilities are $4.9m, a minor decrease on the previous year. As at 31 May 2025 the Club has no external bank borrowings.

The Year Ahead Despite the challenging economic climate, the Club remains in a strong financial position. Encouragingly, inflationary pressures are expected to ease over the coming 12 months, providing a more stable environment for planning and operations.

Based on the Fire Hydrant and Water Infrastructure condition reports, replacement of Marina East will need to progress quicker that previously planned. The Board are exploring sustainable funding options to support this critical infrastructure project.

In summary, we have a Club to be proud of. One that is flourishing, with growing membership and an increasingly vibrant community. I look forward to another successful year of boating and expanded social activities, supported by our Associations and the ongoing engagement of all members.

Mark Hutton Treasurer

Cruising Yacht Club of SA | 2024/2025 Annual Report

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The table below shows the historical financial performance of the Club over the past 10 years. The table shows on an annualised basis both the operating surplus and EBITDA (earnings before interest, tax, depreciation and amortisation).

Year

Operating Surplus

EBITDA-CYC Inc

$’000

$’000

2015

112

567

2016

484

733

2017

406

568

2018

345

700

2019

2,437

2,476

2020

215

1,138

2021

1,751

1,276

2022

423

464

2023

126

867

2024

801

705

2025

632

638

Commodore’s Report At the end of May this year I proudly completed my first full year as your Commodore, which has been a great honour. On behalf of myself and my fellow flag officers, Vice Commodore Di Schwerdt and Rear Commodores Pat Catley and Andrew Saies, we greatly appreciate the support you have given us.

On a sad note, we remember those we have lost this last 12 months in the boating community, with great respect to the friends and family of David Saies, George Ottewell, Martin Sampson, Sue Gerard and Francis O’Connor. Both David and George were very well-known at the Club.

Volunteers can never be thanked enough, and I will always recognise the great work our volunteers do at each and every opportunity. This year has been exceptionally busy as witnessed by the fishing charters, traditional Children’s Christmas Party and Easter Egg Hunt plus the increasingly popular Cruising Association events both on and off the water.

I encourage everyone to get involved with these events to help keep the Club a vibrant and welcoming place.

On water, we held some great regattas at the Club including the Premiers Cup, Great Southern, Fred Neill Match Racing along with the amazing Women’s Keelboat Regatta (SAWKR) over the October Long Weekend. Further afield, crews competed in the King of the Gulf, Port Lincoln Race and Regatta, the iconic Sydney Hobart Race and others. Dan Turner continues to inspire in his 5.80 Mini Globe Race, passing the top of Australia as I write this.

Turning to the management of the Club, including our hospitality, berthing, slipping, facilities and maintenance, the team have done an amazing job, particularly without a full-time General Manager for many months. The Marine Academy and Youth Sailing Program continue to progress, the latter having completed a successful full review this year to hopefully make our Elliott 7 activities even better. The Academy continues to add programs and build an important connection between training programs and Club memberships.

I particularly want to recognise the relationship we have with the Adelaide University Sailing Club and the SA Veteran Sailing program. I am hoping that the new Defence Steering Group that I am chairing will grow our relationship with Defence Veterans and the broader Defence community, as the LeFerve Peninsular business population grows with an enhanced footprint provided by the current Royal Australin Navy Hunter Class Frigate construction and future SSN-AUKUS submarine programs.

I’ve even re-joined the boat ownership cohort myself, buying a Fareast 28R to race here and eventually interstate. Shout out to both the REX on-water and offwater volunteers that make things happen week after week.

The All Associations Committee has worked with Club Management, volunteers and contractors to create a vastly superior BBQ area. With new clear blinds, heaters, fans and updated kitchen and benches, all members are encouraged to make use of this area. It looks fantastic.

I acknowledge the confidence the Board has placed in me to discharge the duties of the role, most of which doesn’t involve putting the white clobber on! Monthly board meetings, some occasional crisis management, plus a couple of ‘Coffee with the Commodore’ events, and many Thursday-night raffle draws with the wonderful Pat Catley assisting. The work is highly rewarding, and I love every minute of it.

In conclusion, I would like to thank the Club, its employees, volunteers, members and your families who help make this a place where memories are made. I’m grateful for your support and look forward to a wonderful year ahead.

Happy boating!

Mike Holmes Commodore

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Cruising Yacht Club of SA | 2024/2025 Annual Report

All Associations Committee Report

Finance, Audit and Risk Committee Report

The All Associations Committee held quarterly meetings on 6/07/2024, 30/11/2024, 8/02/2025 and 5/04/2025.

The Committee again had some change in membership throughout the year. Doreen Perrin, after many years contribution, finished with her time on the committee.

Thankyou Doreen for your significant contribution over an extended time. Mark Johns left the committee earlier this year and was replaced by another senior member, Lorenzo Mazzocchetti. Thanks Mark for your contributions during your time on the committee and thanks to Lorenzo for agreeing to join. This committee now comprises David Hughes (Chair), Mark Hutton (Club Treasurer), Peter Hall, Lorenzo Mazzocchetti and Dominic Rinaldi.

This committee is also assisted by Jamie Joyce (General Manager) and Kerry O’Brien (Financial Controller).

The primary purpose of the committee is to help maintain effective communications between the Associations, the Club Flag Officers, Club Management and the Board. The primary output is an aligned Club diary, maintained by Club Management, to provide visibility of all the planned events, who will be the lead Association, who else will be involved and so on. I would like to thank the Association Chairs for their support and cooperation in delivering the program.

This year has not been without its challenges, most notably losing Adam Hays in the middle of summer leaving the Club without a visible leader for Associations to work through. Kerry O’Brien and Mellissa Vahoumis are to be congratulated for helping keep events on track. This year we also welcomed input to the Committee from the South Australian Women’s Keelboat Regatta team along with past Flag Officer, Jeff Dinham and Boating Conversations representative, Rod Hunter.

I am pleased to say that the year has produced a significantly updated BBQ area at North Haven, with embedded learnings from the earlier renovations at Port Vincent from Darren Harvey. We now have a new kitchen, benches, power board upgrade, fans, high-tech strip heaters and re-painted walls. We will also soon have a new refrigeration capability to support the multitude of events that utilise the area. Thank you to the Associations and Management for working together to make this happen, with special recognition to the SAWKR team (led by Adrian Wotton) for the research and delivery of this.

Moving forward, with the experience and direction of our new General Manager, many of the Association’s events will have a tighter integration with the Heads of Department at the Club to help us focus on the delivery of events to our members. I look forward to continuing to work with the Associations.

Mike Holmes Chair

Cruising Yacht Club of SA | 2024/2025 Annual Report

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This committee is a sub-committee of the Board and, whilst it does not have decision making powers, assists the Board by providing recommendations and advice while reviewing and highlighting risks and issues to the Board for their consideration.

The Committee met four times during the year and reviewed, at each meeting, the Sinking Fund investment performance, the Club’s financial performance, and risks, policies and incidents. The Committee has established a formal risk register, covering both on-water and off-water risks, a clear policy register to ensure all policies are reviewed and updated regularly, as well as reviewing the budgets, external audit and statutory year-end accounts.

In addition to the above, future activities will focus on long term financial planning, including alternative ways to finance the Board’s Master Plan, as well as risk management, policy reviews and streamlining the club’s legal structure and documentation. We have also recently introduced a formal risk matrix to assist in identifying and managing risks in the future.

David Hughes Chair

Port Vincent Marina Committee Report

Membership, Marketing & Sponsorship Committee Report

The Port Vincent Members Committee (PVMC) has met quarterly this year. The meetings continue to be productive and informative.

The Membership, Marketing and Sponsorship Committee continued its focus on growing our membership base and enhancing member engagement.

Our primary objectives remain to enhance the enjoyment of Marina Port Vincent’s facilities, foster communication, and improvements, involve new members, collaborate with other associations and raise funds to support our initiatives.

The committee consisted of Mike Holmes, Garth Heynen, Heath Patten, Adam Hays, Mellissa Vahoumis and myself as Chair. Membership of the committee has since changed, with Adam and others stepping down.

The biggest issue which we are dealing with at every meeting continues to be cleanliness due to the native bird issues. There are several initiatives for bird control being explored by CYCSA but the Committee agrees the best deterrent for native birds is more usage and activity at the marina.

The Committee is focusing on promoting activities at the Port Vincent Marina and welcome feedback from CYCSA members and other Club associations on what would enhance the use of the marina and facilities for you.

Port Vincent, like all towns on the York Peninsula, is feeling the pinch of reduced tourism caused by the affects of the Algal Bloom and these towns could really use any support or business that we can bring during what will continue to be a tough period. Please make the effort to plan a trip to Port Vincent, support the local businesses and use the fabulous CYCSA facilities while you are there.

We are committed to further enhance the Marina Port Vincent experience for all members. I’d like to thank Committee members Geoff Catt, Peter Codrington, Rob Jacobs , Greg Hackett, CYCSA President David Roper and new CYCSA General Manager Jamie Joyce. Thank you all for your support and participation in making this year a success, see you across the gulf.

Andrew Abbott Chair

Our core objectives remain: •

To attract new members

•

Re-engage and retain existing members by providing appealing services and activities

•

Promote the Club and its values

•

Secure sponsorships and donations to ensure longterm sustainability

Over the past year, we’ve continued implementing targeted strategies to understand and meet the needs of our members. Multiple member satisfaction surveys have been conducted, gathering valuable input on events, programs, and areas for development. This feedback directly shapes our planning and ensures that the Club remains aligned with member expectations.

A reminder to all members: your feedback is essential.

Please take the time to respond to survey requests or reach out with your ideas — they truly help guide our direction (and yes, once again, we still can’t move the Club down the coast!)

One highlight this year has been the release of our successful ‘Voices of the Club: Real Stories, Real Journeys’ video series. These personal stories spotlight how members have progressed through the ranks and found a sense of purpose and connection within the Club. Featuring both long-time and newer members, these videos have been a meaningful way to strengthen our community and celebrate our collective identity. You can view these on the Club’s website.

The Thursday night members draw remains a popular fixture and a great opportunity for members to connect.

We extend our sincere thanks to all participating sponsors for their support of this initiative. We would also like to acknowledge the work of Adam Hays, past General Manager, whose proactive efforts helped secure a pipeline of potential sponsors ready to support the Club.

Due to personal reasons, I stepped down from the role of Chair in late 2024 and am currently travelling around the country with Marty. We look forward to being more involved again on our return.

As always, the Committee welcomes your suggestions and feedback to help the Club grow and thrive.

Jacqueline Heffernan Ex-Chair

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Cruising Yacht Club of SA | 2024/2025 Annual Report

Marine Academy Advisory Committee Report

The CYCSA Marine Academy continues to be an important part of the Club. 2024-25 was the Academy’s eighteenth year of operation and it continues to grow as it assists in enhancing our sport through meeting the purpose of increasing competency, enjoyment, safety and general boating knowledge for both our CYCSA members and the general community. Importantly the Marine Academy continues to be a successful entity in terms of providing a pathway and attracting membership to the Club. Over the 2024-25 year 17 Marine Academy participants have gone on to become Club members.

While the ‘Setting a New Course’ veterans program, run in partnership with the Invictus Pathway Program at UniSA, did not go ahead this year due to changes in university support and sponsorship challenges, we remain committed to working with the veterans community and exploring new partnerships to resume the program in 2025–26.

A new offering available on request, the ‘Whitsunday Preparation Course’, is tailored to individual groups booking yacht charters around the Whitsunday Islands in Queensland. It has been accessed several times during the year and is included under private courses.

This year also saw what may be a one-off training session on celestial navigation, organised by Rod Hunter. This involved a group of 11 members and is included in our ‘other’ course category above. Lastly, our Sea Safety & Survival Instructor, Andy Shipp, has retired from course delivery. To meet ongoing demand, the Marine Academy is now partnering with another Adelaide provider, Marine Safety Works, to ensure these courses can continue to be delivered.

At the time of writing the new 2025-26 Training Program has just been released with some 46 courses planned between September 2025 and May 2026. It also remains the case that we can offer private courses both to individuals and groups by negotiation.

Assets The Club’s purchase of Southern Investigator as its main cruising training platform in 2020 was a significant strategic decision.

This investment and the vessels upkeep has, without doubt, increased our capacity to consistently train more customers in the four years that it has been operating. It is also a fantastic vehicle to recruit club members who often become boat owners themselves.

The Elliott 7 fleet which became operational in November 2021 will be subject to a separate section of this Annual Report.

Human Resources The Marine Academy could not function without depending on a fine group of Instructors who collectively cover a diverse range of boating expertise.

Pete Chambers remains in place as our Chief Instructor and is driving the inclusion of more RYA courses within our training scope. Matt Young, Stephen Thomas and David Royle undertake Australian Sailing Instructing with Andy Shipp, Rod Hunter, Mark Hutton, Pete Chambers and Vernon Schulz as our primary RYA instructors. Our Boating Operations maintenance activity is undertaken by Guy Wogan-Provo. Guy’s duties include keeping Southern Investigator and CYC3 at the level required to meet our training accreditation and compliance with Royal Yachting Association (RYA) and Australian Sailing (AS) standards. He also coordinates maintenance for CYC 1, 2 and CYC 5 used predominantly for the Racing Association.

David Royle’s involvement as Principal ensures that the Club maintains its position as a preeminent recreational training facility. The Committee is appreciative of and grateful for David’s passion and expertise in a wide range of necessary skills.

The Marine Academy also appreciates and recognises the Club’s administrative staff and the Advisory Committee members, all of whom have supported the Academy in their various capacities.

Courses Courses run and total number of participants for the year were as follows:

Course Safety Sunday

46

17

27

Start Yachting

57

56

35

Discover Sailing

37

32

31

Competent Crew

35

26

29

Powerboating

21

13

20

Marine Radio

27

21

19

Day Skipper Practical

9

19

13

International Certificate of Competence (ICC)

5

4

4

Boating Essentials for Women

11

11

10

Sea Safety & Survival

23

19

23

10

18

Other/Private

Cruising Yacht Club of SA | 2024/2025 Annual Report

14

22/23 23/24 24/25

Income Statement 2024/2025 Income

Marketing and Administration The transition of course participants into members remains a priority. Great work undertaken by Rod Hunter and other instructors in welcoming and introducing new trainees to the club through twilight ‘follow the fleet’ sailing is most appreciated. Moreover, the popular monthly ‘Boating Conversations’ on Friday evenings, also championed by Rod Hunter, has been a great success. With a broad range of topics and attendees, numbering up to 100 on some evenings, I am assured that these events will continue.

The Marine Academy continues to advertise successfully through the Club’s social media platforms which are always maintained to a high standard by Mellissa Vahoumis, the CYCSA Marketing and Communications representative.

Financials The financial statement included in this report show a deficit of $8329 for the 2024–25 year.

We thank IC Frith, our Insurance brokerage firm, for their continue sponsorship in support of the Marine Academy and safe boating.

As in recent years, members were invited to contribute tax deductible dollars to the Marine Academy Foundation to support the activities of the Academy. Contributions and members’ support for the scheme once again was fantastic with $7825 donated.

Finally, a big thank you to my fellow Boating and Training Advisory Committee members - Andrew Saies, Geoff Catt, Jeff Dinham, Mark Hutton and Rod Hunter. Your voluntary time and deep expertise are much appreciated and valued.

Doreen Perrin Boating & Training Advisory Committee Chair

$

SSSC and Update Safety Day Start Yachting Discover Sailing Live Aboard Courses RYA/AS Theory - Day Skipper & DSS RYA/AS Theory - Essential Navigation Marine Radio Powerboat Courses ICC Direct Assessment Sponsorship Womens Boating Essentials Private Lessons Total Income

9,980 1,100 16,450 2,896 48,885 637 636 5,857 6,349 2,155 4,500 1,358 2,251 $103,054

Expenses SSSC and Update Safety Day Start Yachting Discover Sailing Live Aboard Courses RYA/AS Theory - Day Skipper & DSS RYA/AS Theory - Essential Navigation Marine Radio Powerboat Courses Instructors Training Private Lessons ICC Direct Assessment Salaries and on costs Womens Boating Essentials Course books Fuel for boats Repairs & Maintenance - CYC Boats Other Expenses

2,254 1,081 5,957 1,000 19,307 682 1,932 3,243 2,614 2,668 1,310 1,100 50,967 969 1,757 1,485 10,524 2,533

Total Expenses

$111,383

2024/2025 Result

($8,329)

15

Cruising Yacht Club of SA | 2024/2025 Annual Report

Youth Sailing Foundation A Year of Milestones and Momentum The past 12 months have been nothing short of extraordinary for the CYCSA Youth Sailing Foundation. From landmark wins to record-breaking participation, the momentum and energy around the Club have reached new heights and it’s only getting better.

A highlight was our historic achievement in the South Australian Sailing League, where we secured first place overall and took top honours in the Youth Division. This milestone reflects the dedication and skill of our sailors and will be detailed further in the ‘Events’ section.

Our Youth Sailing Foundation (YSF) continues to grow, now with 12 active squad members and steadily increasing numbers. The Elliott 7s fleet remains invaluable, featuring not only in YSF and match racing events but also making its debut in Wednesday Twilight Series, weekend racing, and corporate sailing days.

These boats provide essential opportunities for sailors without keelboats to engage fully in racing and cruising.

Following a recent three-year review, the Elliott program received overwhelming positive support from members, corporate partners, and the broader community a strong endorsement that ensures the program will continue to thrive and evolve.

Holiday programs, OutThere Sailing and Australian Sailing courses have also seen increased participation from both youth and adults, welcoming fresh faces and enthusiasm to the Club.

Our Veterans Sailing Program and Adelaide University Sailing Program continue to gain momentum, contributing actively to weekend sailing, cruising events, and the vibrant Thursday night social scene.

Lastly, we are delighted to have Ocean View College back, with students from Years 8 to 10 sailing Pacers as part of their curriculum, a vital step in nurturing the next generation of sailors.

South Australian Sailing League (SASL) 2024 was a standout year for the CYCSA Youth Sailing Foundation, with two teams finishing first and second overall in the South Australian Sailing League a first in Club history.

Fraser Baker took out the overall win, while Carter Baker won the Youth Division and placed second overall.

Held on the Port River, the event featured fast-paced Stadium Sailing and tough competition. The CYCSA teams impressed with skill and consistency, highlighting the strength of the Club’s keelboat development program.

Open and Youth Match Racing Championships – Hobart In a major milestone for the CYCSA Youth Sailing Foundation, three teams represented the Club for the first time at the Australian Youth Match Racing Championships in Hobart, hosted by the Royal Yacht Club of Tasmania.

Our teams were led by Skippers Carter Baker, Murphy Cowen, and Finlay Bunt.

Despite tough conditions and strong national competition, the event was a fantastic learning experience especially for many of our sailors competing interstate for the first time. The weekend strengthened their match racing skills and marked an exciting step forward in the CYCSA’s youth sailing pathway.

Cruising Yacht Club of SA | 2024/2025 Annual Report

16

Opening Day Sail Past The CYCSA Youth Sailing Foundation proudly took part in the 2024 Opening Day Sail Past, with the Elliott 7s fleet leading the charge in a colourful and energetic display on the water. It was a fantastic opportunity for youth sailors to represent the Foundation and Club spirit in front of members, guests, and the broader sailing community.

The event also served as a great showcase for the Elliotts and the growing number of young sailors active at the Club, setting the tone for another exciting season ahead.

Fred Neill Match Racing Championship The 2024 Fred Neill Match Racing Championship, held at the CYCSA, brought together eight competitive teams for a weekend of high-level racing. The event honours respected CYCSA yachtsman Fred Neill and continues to play a key role in developing youth match racing talent.

Jordan Barney from RQYS claimed a well-deserved win in his first appearance, narrowly defeating Skipper Fraser Baker’s CYCSA team by just a boat length in an exciting final. Our second CYCSA team, led by Skipper Finlay Bunt, also made it into the final’s series an impressive milestone for the young crew.

A big thank you to all competitors from across the state, and to the ACE committee and volunteers who ran over 50 races across two days all while keeping the spectator boats entertained with comedians on board and plenty of smiles all round.

Youth Sailing Programs

Defence Industry Cup

It’s been a big year for the CYCSA’s youth sailing programs, with strong participation across a range of initiatives that continue to strengthen the Club’s development pathway.

Held at the Port, the Defence Industry Cup featured six teams going head-to-head in a competitive day of corporate match racing on the Elliott 7s. The event ended with a tightly contested final, showcasing just how exciting and accessible keelboat racing can be. For those who have served and are looking to get back into sailing or try it for the first time this event is a fantastic way to connect, compete, and learn more about the sport in a welcoming and inclusive environment.

Our Holiday Programs have been a standout success, with several participants going on to join the YSF Squad, reflecting the strength of the entry-to-performance pathway. We also welcomed back OutThere Sailing, which was fully booked and made great use of the Club’s assets a clear sign of growing demand and enthusiasm.

The return of Ocean View College has also been a highlight, with students from Years 8 to 10 learning to sail in our Pacers as part of their school curriculum.

We’re excited to continue building this partnership, with the school now locked in for two four-week programs each year.

Meanwhile, our Australian Sailing courses have grown busier than ever, with more participants signing up and learning in both Pacers and Elliott 7s.

Success stories like Johnny and Tristan, who began with no sailing experience and have since completed multiple courses, joined CYCSA racing (both locally and interstate), and immersed themselves in the Club’s cruising and racing culture, are a testament to the pathways now available. Their journey reflects not only the structure of our programs but the inclusive and welcoming nature of our Club members and staff who help bring it all to life.

Hobart Cup The annual Hobart Cup brought together teams from the Air Force, Army, and Navy for a spirited few days of team racing at CYCSA. With shifting wind conditions and even two man-overboard incidents, the event delivered plenty of action and excitement. In a close finish, it was Navy who took the win, edging out the other services in a great display of teamwork and competition. The event continues to be a highlight for our Veterans Sailing Program, offering a strong sense of camaraderie both on and off the water.

Income Statement 2024/2025 Income

$

Sponsorship Courses/boat hire Corporate income Regatta Income

17,509 23,592 1,318 7,665

Total Income

$50,084

Expenses Salaries Championship/Regattas Fleet running costs Other expenses

91,827 3,271 9,584 4,003

Total Expenses

$108,685

2024/2025 Result

($58,601)

17

Cruising Yacht Club of SA | 2024/2025 Annual Report

Youth Sailing Foundation Looking Ahead: 2025–26 As we move into the 2025–26 season, the CYCSA remains focused on growth, innovation, and deeper engagement across all areas of sailing. Building on the past year’s success, we aim to expand participation, enhance development pathways, and continue fostering a strong, inclusive sailing community.

The Elliott program remains a key pillar of this vision, with growing racing opportunities on Wednesday nights and Saturdays, as well as expanded focus on training, learning, and coaching initiatives. These assets play a vital role in youth development and community engagement, and we are committed to showing their long-term value to both members and the public.

In the year ahead, we will continue expanding the use of the Elliotts across youth training, corporate, defence, university, and return-to-sailing pathways.

Strengthening partnerships with Adelaide University and Veterans Sailing SA will be key to helping more sailors gain qualifications and discover the many entry points into the sport whether cruising, racing, instructing, or coaching.

We’re also committed to growing the Elliott program’s purpose: bringing more youth into sailing through structured development and performance pathways, while providing access to experienced coaches. Our goal is to position the CYCSA as South Australia’s leading hub for keelboat sailing and racing, showcasing the opportunities available to those who join our club and embrace its thriving, ambitious culture.

In the lead-up to the 2027 Australian Youth, Open and Women’s Match Racing Championships, which we’re proud to host, we’ll be sending our Youth Sailing Foundation (YSF) squad to Tasmania this October for the 2025 Open and Youth Match Racing Championships. This marks our second appearance at the event and an exciting chance to build on previous results.

We will also continue to support intergenerational mentorship, with senior members helping guide youth sailors through coaching and vessel access, further enriching our community culture.

These ongoing efforts are made possible by the dedication of the CYCSA Sailing Operations Team, along with our administration, hospitality, and maintenance staff. Together, we are driving progress and creating meaningful opportunities for current and future sailors.

Luke Allison Head Coach, Youth Sailing Foundation

Cruising Yacht Club of SA | 2024/2025 Annual Report

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Association Report | Cruising The Cruising Association (CA) has seen steady growth in events, participation and activity over the past year. Our New Year’s Eve gathering at Kangaroo Island attracted 38 boats, a fantastic turnout and a testament to the vibrant, welcoming spirit of our members and friends.

The CA remains focused on promoting a love of the sea, encouraging boating activities, and strengthening connections across our Club community. Sincere thanks to all who participated throughout the past 12 months and to those who continue to embrace the Cruising lifestyle.

I would also like to express my gratitude to the CA Committee and our valued sponsors, Charlesworth Nuts and Heynen Planning Consultants, for their ongoing support. Their contributions have been instrumental in the success of last year’s events.

Event Highlights •

Port Adelaide Cruise (August 2024) – Friday night dinner hosted by the Port Adelaide Sailing Club, followed by a Saturday tour of historic Port Adelaide and dinner at a local iconic pub.

•

Stansbury: Sounds by the Sea – held over the October 2024 long weekend.

•

November Club BBQ with friends - with complimentary desserts, saw approximately 130 people in attendance.

•

Kangaroo Island – New Year’s Eve Beach Party and the Ballast Head Cup.

•

Stansbury January Long Weekend Cruise– featuring a historical twist.

•

Easter-ANZAC Day 10-Day Cruise – North Haven, Kangaroo Island, Port Vincent loop, with group dining at local eateries, and CA participation in Port Vincent ANZAC Day commemorations.

Income Statement 2024/2025 Income

$

•

May Club BBQ – De Vinyls Night, music played from everyone’s record collection.

Sponsorship

6,000

•

June Solo Cruise in Company – organised in collaboration with the REX Port Vincent Destination Race.

Total Income

$6,000

Beyond the Events The CA continues to enhance the member experience while advocating for improved club facilities that benefits all members and visitors. We actively support cruising across South Australia waters, share memorable voyages and warmly welcome visiting vessels. As part of a valued CYCSA and the broader sailing community, the CA plays a supporting role in connecting sailors within and beyond South Australia.

Expenses Burgee/flags Speaker battery Event Expenses Air fryer (Pt Vincent) Prizes Other Expenses

1,863 545 1,978 325 382 837

Total Expenses

$5,930

2024/2025 Result

$70

19

Cruising Yacht Club of SA | 2024/2025 Annual Report

Association Report | Cruising

Association Report | Fishing

Upcoming Events & Ideas: Looking Ahead 2025–26

Committee members

•

October Long Weekend, Stansbury – 4-6 October

•

Club BBQ with Friends & Live Music – 8 November

The 2024-2025 Fishing Association committee comprised the following members with myself as Chair.

•

South Australian Cruise Rally – 22-23 November with participation from five sailing clubs.

•

Port Victoria 150th Celebration – March 2026, Spencer Gulf Cruise.

Vadis Rodato as Deputy Chairperson & Secretary, Vlad Humeniuk as Treasurer along with Glen Simpson and Nathan McArdle as committee members.

I would like to thank all committee members for their contributions to our Fishing Association activities during the year.

As always, our plans depend on weather conditions.

Nevertheless, the Cruising Association looks forward to another active and rewarding year. With fresh ideas and strong momentum, we invite all members to get involved and enjoy the opportunities our Club has to offer.

Darren Harvey Chair

Activities and Events Our key activities were; •

Cockling Day. After postponing the initial event due to bad weather, we were fortunate to reschedule to 12 January 2025 which turned out being a great day with over 30 CYCSA members and family enjoying a warm day gathering a Goolwa cockles and the celebratory sausage sizzle.

•

Crabbing Day. With only 53 attendees and 7 boats crabbing, it was a smaller event than usual. Our catch of 115 crabs overall was enough to give all a generous feed. Prizes for the crabbing day awards were very generous and well appreciated. The FA is grateful for the generous financial support of event sponsor Andrew van Ryneveld and his business SA Boat Trailer (Spitfire).

•

Offshore Fishing charters around Kangaroo Island for Reef and Tuna fishing.

•

Fishing Awards – Fishing Awards were presented to the following recipients; King George Whiting: Vadis Rodato Snapper: Not awarded Game Fish: Peter Schembri Scale Fish: Peter Schembri

A review if the Fishing Awards program has resulted in a realignment with what is being caught by members, focussing on local opportunities while maintaining one opportunity for larger fish (Game Fish). The new categories are King George Whiting, Garfish, Game Fish and Blue Swimmer Crab have been established. The Blue Crab award is an ongoing competition through the year, in addition to awards made on crabbing day, specific to that event.

Event Planning: Looking Ahead: 2025–26

Cruising Yacht Club of SA | 2024/2025 Annual Report

20

•

CYCSA members BBQ sponsored by the Fishing Association and R Marine – Saturday 11 October

•

Cockling Day – Sunday 9 November.

•

Fishing awards and trophies to be presented at the ‘All Associations Bash’ – Saturday 13 December.

•

Crabbing Day – 15 March 2026.

•

Fishing Charters – two tuna and reef fishing events scheduled for 1 February and 8 March 2026.

•

Fishing Conversations to be held on Friday evenings as part of the boating conversation series.

Financial Results This Financial Year worked out well for 2025, due to the determined efforts of the Committee, arranging our flagship events such as Crabbing Day, Cockling Day and Fishing Charters.

Income totaled $8396, expenses $6433 giving a surplus of $1963. Crabbing Day made a small loss of $525 due mainly to reduced numbers attending. Fishing charters also suffered from a lack of attendees with only two of the planned three eventuating.

Thanks especially to the key sponsorship from ‘Spitfire Trailers’ and Andrew van Ryneveld we were able to continue with events even though numbers were low.

The FAC acknowledges this and thanks Andrew for his generosity.

I also wish to thank Kerry O’Brien for overseeing the finances for the year and providing the figures for this report. - Vladimir Humeniuk (Treasurer, FAC) Peter Schembri Fishing Association Chairperson

Income Statement 2024/2025 Income

$

Subscription Fees Crabbing Day Cockling Day Sponsorship Fishing Charters Apparel sales

2,000 1,118 100 2,364 2,718 96

Total Income

$8,396

Expenses Bar / Catering Crabbing Day Cockling Day Fishing Charters Other Expenses (prizes)

280 1,643 109 3,900 501

Total Expenses

$6,433

2024/2025 Result

$1,963

21

Cruising Yacht Club of SA | 2024/2025 Annual Report

Association Report | Racing People

Racing

Congratulations to the volunteer duty crews of CYC 1 and CYC 2, the Racing Officials, Racing Administrator, CYCSA management and all participants on another successful season.

Racing membership for the year was a total of 212, comprising of 65 Senior members and 146 racing members (includes two on-hold). We have a Club partnership affiliate with the Adelaide University Sailing Club and Veterans SA.

As part of the Port Adelaide Enfield Council’s City of PAE Volunteer Community Awards, the Club had the opportunity to nominate a Sport Volunteer from within the Council area. We proudly nominated Michael Nettle, who was recognised as the CYCSA’s representative at the inaugural Sport Network Volunteer Appreciation Function held on 14 June 2025. Michael was celebrated for his contribution to the Club providing invaluable behindthe-scenes support on race days, assisting with repairs, and offering consistent, dedicated help across various activities.

This season we scheduled a 15 race Inshore series plus a Trophy Race, three regattas and a five race short offshore series. I would like to recognize the Race Officers setting of excellent courses along with CYC 3 and CYC 5 support crews for the three regattas sailed.

Our great depth and experience of our senior Race Officers and volunteers were a valuable asset this season, with new faces stepping up to fill vacancies. Anybody wishing to try out on the official boats should contact Inese. There are also incentives for volunteers of lower membership fees. Inese can explain the term and conditions. The new management concept is micro-volunteering, a commitment that is flexible.

Thank you to Lisa Bettcher and Andrew Waterman for serving on the Protest Committee this season. Only one protest was lodged.

The Racing Association Executive committee comprised Wayne Grant, Andrew Llyod (retired 9 April 2025), Charlie Ryan-Kane, Di Schwerdt, John Wardell (retired 26 April 2025) and myself. Race Officers Greg Borg and David Hughes as ex-officio contributing at REX meetings. Marine Academy Principal, David Royle and Sailing Operations Manager Greg Allison have taken a regular position at meetings to improve communication with the everincreasing events our club is showcasing. Well done for working through the large agenda each month that keeps the on-water events going.

Sponsors We are grateful for the ongoing support from our primary sponsors, Yalumba, Bravo Sails and MyEasyBnB plus Heatlie taking on the Premier’s Cup Regatta. They generously provide prizes for podium/winners and support the running of events financially.

Cruising Yacht Club of SA | 2024/2025 Annual Report

22

This summer season saw the weekend racing calendar completed with no Inshore Races abandoned. Sailors enjoyed a good range of breezes. While 10 of 22 Twilight races were abandoned due to high winds or no wind. The Short Offshore series only attracted four entries, casual entries and racing combined with the Royal South Australian Yacht Squadron made for a satisfactory fleet size.

The Commodores Shield was run as a combined Inshore series using all but two scheduled inshore series races. A nonspinnaker division was introduced on three Saturdays over the summer season. A Small Boat Series was also programmed with the CYCSA hosting one of the weekend events.

Twilight racing was very well attended with good fleets and strong après race gatherings. There were four combined twilight races programmed this year, with three completed.

The fleet of Elliott 7s were well utilized for the South Australian Women’s Keelboat Regatta, Defence Industry Cup, SA Sailing League (with CYCSA Youth teams placing 1st and 2nd), The Hobart Cup and Fred Neill Match Racing Trophy (with CYCSA Youth teams placing 2nd and 4th). The Elliotts also participated in some Twilight races and the W/L winter races.

The South Australian Women’s Keelboat Regatta held over the 2024 October long weekend was a success, with 28 boats and 167 female crew after some late withdrawals.

Many volunteers turned out to support the event.

Preparations are well in hand by the SAWKR committee for the next staging in October 2025.

The Women’s series was conjointly promoted and run by the CYCSA and RSAYS once again.

The CYCSA was represented by Clockwork in the Rolex Sydney to Hobart yacht race achieving 1st in their division and hence being awarded the Yachting Excellence Trophy at Racing Presentation Night.

Handicaps were managed by myself under the SailSys software and mentored by John MacLurcan.

The Yacht Safe Auditing Program seems to be well established and working well thanks to the Safety Auditing team and Racing Administrator. However, additional auditors are needed to support the program’s continued success.

Upcoming Season Programme and Documents Notice of Race and Sailing Instructionss are being updated by Lisa Bettcher and Andrew Waterman. Please study them as there will be changes.

• • • • • •

• • •

Inshore 16 races. – windward/leeward, triangle, fixed mark, coaster races. 6 non-spinnaker races programmed.

One Trophy race during King of the Gulf regatta.

The Tri Series has been re-instated in our Inshore Series.

(This is a competition between the CYCSA, RSAYS and PASC).

The Small Boat Series has been programmed again this summer season with the CYCSA holding two of the weekend events.

The Short offshore series will be a five race series including the Adelaide to Port Lincoln race again.

Twilights Pre and Post Christmas with four combined races programmed.

The Women’s Series, consisting of eight Sunday races, is jointly run by the CYCSA and RSAYS. The only requirement is that a female must be at the helm—there’s no need for an all-female crew.

Six races for each of the Short-Handed and Winter Series.

The CYCSA will be hosting the Flying 15s National Championships in early January 2026.

The Skipper’s Briefing is scheduled for 4 September.

Please ensure your Safety Audits are renewed before the season starts—book your audit time via the app or website.

We are also looking for additional Safety Auditors, so expressions of interest are welcome.

Rating certificates must be renewed/current before the season begins. Boats without a valid certificate will be scored DNC (Did Not Compete). Please note, under the Sailing Instructions and Racing Rules, a rating is only valid from the date shown on the certificate.

Fire extinguisher inspections are planned for 8 and 9 October 2025, with more details to be provided closer to the date.

In closing, I would like to express my sincere appreciation to all those who contribute to the success of our association. Your ongoing support and dedication are what keep us on the water.

Rob Human Chair

Income Statement 2024/2025 Income

$

Racing Membership Fees Racing flags/Blue Book sales Racing Nominations Casual Nominations Raffle Income Safety Income Sail Storage Shed Regatta Income Sponsorship: Yalumba Haetlie BBQs Bravo Sails My Easy BNB Phil Hoffmann Travel Total Income

33,254 462 21,977 1,953 845 709 6,436 24,947 4,000 3,900 2,000 4,000 1,467 $105,950

Expenses Administration Duty Crew Expenses Engraving/Signage expense Trophies/Prizes YA/YSA Yearly Membership expense Other Expenses Salaries and wages Repairs & Maintenance - CYC1 Repairs & Maintenance - CYC2 & CYC5 Fuel for boats SailSys Regatta Expenses

2,040 3,703 893 3,196 10,781 1,618 37,571 6,207 9,477 1,760 1,541 22,928

Total Expenses

$101,715

2024/2025 Result

$4,235

23

Cruising Yacht Club of SA | 2024/2025 Annual Report

Association Report | Social What a fabulous year for the Social Association and the CYCSA members, families and friends. The Social Association had a truly memorable year filled with laughter, music and strong community spirit. Our calendar of events brought members and families together in the most joyful ways, creating memories that will last for years. Here’s a look back at the highlights of the year.

Italian Night – A Night to Remember We kicked off the year with the much-loved Italian Night, attended by 183 members and friends. The atmosphere was set beautifully by Angelo, serenading us with classic Italian songs, and elevated to a whole new level with a performance

by Henry Olonga, whose stunning arias earned him a welldeserved standing ovation. We’re thrilled to have Henry booked again for this year.

With a packed dance floor, endless Italian cuisine, and the room buzzing with laughter, it was a night to cherish. A big thank you to our Hospitality Team, Chef Camillo and his crew, and our generous sponsors: Tony & Marks, Fasta Pasta and Vittoria Coffee.

Events for the Adults Quiz Night brought out the competitive spirit in all ages. With great attendance and a wonderful vibe, we extend our thanks to Brian Partington from Wintulichs Smallgoods for the amazing antipasto platters provided to each table.

Our High Tea was a picture of elegance. With Chef Camillo once again delivering delicious treats and a fine selection of teas served in beautiful matching china (some kindly loaned by a Committee member), it was a refined and thoroughly enjoyable afternoon. Entertainment was provided by the talented Busking Biker, performing everything from classical to pop. We even spotted some members sipping tea with pinkies raised — classy! Next year, we hope to see more of our male members joining us for this elegant event.

Acknowledgements A heartfelt thank you to Nick George of Koonowla Clare Valley Wines, a valued sponsor of the Social Association.

Our appreciation goes out to all members and friends who supported our raffles and events.

Children’s Christmas Party – Magic and Memories Always a highlight on the Club calendar is the arrival of Father Christmas in early December. The annual Children’s Christmas Party was a hit, kicked off by Magic Mike, who wowed the kids (and adults) with his tricks, jokes and laughter.

Immense gratitude to the Social Association Committee who consistently arrived early, rain, hail or shine to set up and ensure every event ran smoothly. They were Giorgina Gauci (Chair), Rosemary Gould (Treasurer), Jacqueline Heffernan, Jenny Murton, Adrian Wilson, Clay Tenni, Cheryl Marshall and Anna Sciancalepore.

A special moment was the enthusiasm of little Laurell, who ran across the BBQ area with her little arms outstretched to hug Santa as he was leaving, a touching reminder of the magic of childhood and the innocence of the young... that’s what makes it all worthwhile!

Looking Ahead We are always on the lookout for new members with fresh ideas and enthusiasm. Early planning is already underway for a potential Chinese New Year Celebration, so stay tuned!

All Associations Bash – Festive Fun for All The decorations from the Kids’ Party carried through to the All Associations Bash, an evening of BBQs, dancing, and infectious laughter. Some of our more ‘experienced’ dancers may have felt their age but spirits were high and joy filled the night.

Easter Celebration – Chocolate, Craft and Critters Our Easter Egg Hunt was a delightful mystery. No one saw the Easter Bunny drop the eggs, but they were certainly found!

Meanwhile, Farmer Darcy’s animal farm was a huge success, with children and adults equally enthralled. The craft table was a hit, keeping the little ones entertained for hours.

We look forward to another exciting and engaging year with CYCSA members and their families.

Adrian Wilson Committee Member

Income Statement 2024/2025 Income

$

Sponsorship Kids Xmas Party Italian Night raffle Easter raffle High Tea raffle Christmas raffle

2,000 600 1,594 714 541 859

Total Income

$6,308

Expenses

Cruising Yacht Club of SA | 2024/2025 Annual Report

24

Kids Xmas Party All Assocaitions Xmas Bash Easter Egg Hunt Hospitality Expenses Raffle Prizes Other expenses

1,558 264 1,957 194 1,187 173

Total Expenses

$5,333

2024/2025 Result

$975

Groundswell Editorial Committee Report Groundswell is an important communication and promotion vehicle for the Club as it attempts to reflect life at the Club by involving all interest groups and individuals through the publishing of articles about their activities and interests. The committee works together to gather articles for each of the four editions published annually in both printed and online form with the aim of encompassing a wide range of events and activities.

Putting each magazine together takes time for our small group of volunteers on the committee and we really appreciate the input from members and in particular from the Flag Officers and Associations. Without the interest and response from our members there would not be a Club publication of this type.

Advertising is an important component of Groundswell in order to make it cost neutral to members. We appreciate and would like to thank our long supporting advertisers who enable us to go to print. New advertisers are always welcome so for information about pricing please contact Mellissa via mellissa@cycsa.com.au for details.

Inese Lainis from the Racing Association and David Royle, the Marine Academy Principal, have been wonderful contributors to the magazine by keeping us up to date with racing results and news and commenting on the various courses offered by the Marine Academy both of which add to the vibrancy of the Club. Greg and Luke Allison have also provided valuable insights into the Youth Sailing Foundation and the Adelaide University Club’s input has enriched our coverage. The Social, Cruising and Fishing Association chairs also contribute with articles about what has happened and future events in their respective areas.

Alan Noble continues to provide us with informative articles about all manner of things and his interest and willingness to allow us to include them in Groundswell is much appreciated.

Members of the Groundswell Editorial Committee are myself, Dianne Schwerdt, Pat Catley and Mellissa Vahoumis and we encourage you to approach any of us if you have suggestions about the content and format of the magazine. Mellissa is the

Club’s Marketing and Communications Officer and without her assistance and imagination Groundswell would not be the quality production it is. She is a great asset to the Club and I thank her very sincerely for her input. Pat continues to provide us with great articles on Boats at the Club whether they be a new boat into the basin or a new boat to the owners and Dianne produces great sailing articles including the annual Adelaide to Lincoln race and the South Australian Women’s Keelboat Regatta.

Because I have been at the Club the longest and therefore know most of the older members at the Club I write most of the obituaries and Club member profiles plus whatever else needs to be done. The three of us proof the copy and hopefully between us eliminate most of the typographical errors but I apologise if we miss some as we are non-professionals in the field and all volunteers.

For Groundswell to maintain the high quality we have achieved, input and feedback from all areas of the Club is needed. If you have been on a race, cruise or a fishing trip or completed a Marine Academy course that you found interesting, it is likely other members will be interested also so please, put your thoughts into words and forward it to Mellissa for possible inclusion in the magazine.

If you are not confident about your writing skills but have a great story to relate, just get hold of one of the committee members as we can help out. Poetry, prose and particularly graphics are always welcome and our Editorial Committee will proof your articles and make editing changes and correct grammar and format where required.

Thank you for your support over the year and I trust you continue to enjoy contributing to and reading Groundswell.

Gay Footer Chair, Groundswell Committee

25

Cruising Yacht Club of SA | 2024/2025 Annual Report

Club Structure The following diagrammatical representation of the Club’s structure is provided to clarify the relationship between the associated entities and the function each entity undertakes in the total Club structure.

CYCSA Incorporated (referred to as ‘the Club’)

CYC Ramp Trust

•

Senior Members elect a seven member Board of Management annually.

•

•

The Board of Management (‘the Board’)

This is the trust established in the early 1990s to facilitate the purchase of property including the southern area of the carpark, the land to the south and the Western Basin.

-

is responsible for the management of the Club with delegation of appropriate responsibilities to the General Manager.

•

-

act as Directors of CYC (SA) Management Pty Ltd, the trustee of the CYC (SA) Unit Trust.

The major assets of the trust are the Western Basin including Marina West and the water area adjoining the northern peninsula.

•

The trust also operates the public boat ramp.

•

The trust leases Marina West land/water to the CYC (SA) Unit Trust.

•

The trust, being a discretionary trust, does not have owners, but the beneficiaries of the trust are the Club and the CYC (SA) Unit Trust. The trust has made distributions to the Club in the past.

•

act as Directors of CYC Ramp Pty Ltd, the trustee of the CYC Ramp Trust.

The Club owns the floating assets in Marina West.

CYC (SA) Unit Trust •

The major assets of this trust are the freehold of the Club Eastern Basin at North Haven, including land, water and buildings, the sub-lease of the Port Vincent Marina and a lease of the land and water of Marina West which is sublet to the Club by the CYC Ramp Trust.

•

All Senior Members hold units in this trust and therefore have a beneficial interest in the above assets.

•

As an asset holding entity, the trust’s affairs do not generate profits that can be distributed to unit holders.

BOARD OF MANAGEMENT

Directors elected annually by Senior Members

CYC Ramp Pty Ltd As trustee for

CYC Ramp Trust Owns Marina West, adjacent land and water, including channel

CYC (SA) Management Pty Ltd

CYC (SA) Unit Trust Owns land and water, buildings, Marina East • Underlease of Port Vincent Marina from the Yorke Peninsula Council • Lease of Marina West

Profits

Profits

Beneficiaries CYC (SA) Unit Trust CYCSA Inc

Beneficiaries Senior Members

Cruising Yacht Club of SA | 2024/2025 Annual Report

26

CYCSA Incorporated • Operates bar and slip • Staff • Rents buildings and Marina East from CYC (SA) Unit Trust • Underlease of Marina West and Port Vincent from CYC (SA) Unit Trust

Members

CYCSA Inc and Controlled Entities Financial Report For the year ended 31 May 2025

Statement by the Board of Management In the opinion of the Board of Management, the Financial Report as set out on pages 4 to 25: 1.

Presents fairly the financial position of The Cruising Yacht Club of SA Incorporated & its Controlled Entities (the “consolidated group”) as at 31 May 2025 and its performance for the year ended on that date in accordance with the Australian Accounting Standards (including Australian Accounting Interpretations), mandatory professional reporting requirements and other authoritative pronouncements of the Australian Accounting Standards Board.

2.

At the date of this statement, there are reasonable grounds to believe that the consolidated group will be able to pay its debts as and when they fall due.

3.

In accordance with Section 35(5) of the ended 31 May 2025:

+ the Board of the consolidated group hereby states that during the year

- Other than disclosed in Note 22 in the financial statements, no officer of the consolidated group has, since the end of the previous financial year, received, or become entitled to receive a benefit (other than a benefit included in the aggregate amount of emoluments received or due and receivable by the officers of the consolidated group shown in the financial report) as a result of a contract between the officer or a firm of which they are a member or an entity in which has a substantial financial interest in the consolidated group; - No officer of the consolidated group has, since the end of the previous financial year, received directly or indirectly from the consolidated group, any payment or other benefit of a pecuniary value (other than a benefit included in the aggregate amount of emoluments received or due and receivable by the officers of consolidated group shown in the financial report).

This statement is made in accordance with a resolution of the Board of Management and is signed for and on behalf of the Board of Management by:

President

Treasurer

Dated this 24th day of July 2025

27

Cruising Yacht Club of SA | 2024/2025 Annual Report

CYCSA Inc and Controlled Entities Financial Report Statement of Comprehensive Income for the year ended 31 May 2025

Note

Consolidated Group 2025

2024

$

$

REVENUE Revenue

2

4,037,876

3,899,809

Other revenue

2

1,094,619

1,051,750

Unrealised gain/loss on investment

429,846

557,166

TOTAL REVENUE

5,562,341

5,508,725

EXPENSES Employee benefits expense

1,992,444

1,960,899

Depreciation

10

610,433

587,690

Other expenses

4

1,243,959

1,108,428

Finance costs

734

720

Cost of sales

749,499

719,188

Insurance

154,136

140,519

Repairs & maintenance

178,668

189,831

TOTAL EXPENSES

4,929,873

4,707,275

NET PROFIT / (LOSS)

632,468

801,450

Other Comprehensive Income

-

-

TOTAL COMPREHENSIVE INCOME

632,468

801,450

The accompanying notes form part of these financial statements and can be accessed on the Club’s website.

Notes to the Financial Statements The Club’s full financial reports and notes to the financial statements are available for viewing and download online on the Club’s website at: https://cycsa.com.au/club-financial-reports/ Printed copies are available upon request from Club Reception.

Cruising Yacht Club of SA | 2024/2025 Annual Report

28

CYCSA Inc and Controlled Entities Financial Report Statement of Financial Position as at 31 May 2025

Note

Consolidated Group

ASSETS

2025

2024

$

$

CURRENT ASSETS Cash and cash equivalents

5

410,494

228,387

Trade and other receivables

6

376,725

284,141

Inventories

7

90,156

95,835

Other assets

8

222,156

171,303

Financial assets

9

7,289,108

6,698,321

TOTAL CURRENT ASSETS

8,388,639

7,477,987

NON-CURRENT ASSETS 17,202,763

17,496,491

TOTAL NON-CURRENT ASSETS

Property, plant and equipment

10

17,202,763

17,496,491

TOTAL ASSETS

25,591,402

24,974,478

LIABILITIES CURRENT LIABILITIES Trade and other payables

11

937,119

764,075

Short-term provisions

12

289,183

324,646

1,226,302

1,088,721

3,661,401

3,809,532

TOTAL CURRENT LIABILITIES NON-CURRENT LIABILITIES Trade and other payables

11

Borrowings

13

-

-

Long-term provisions

12

12,826

16,020

TOTAL NON-CURRENT LIABILITIES

3,674,227

3,825,552

TOTAL LIABILITIES

4,900,529

4,914,273

NET ASSETS

20,690,873

20,060,205

6,114,419

6,116,219

EQUITY Issued capital

14

Reserves

16

1,535,514

1,523,744

Retained earnings

13,040,940

12,420,242

TOTAL EQUITY

20,690,873

20,060,205

The accompanying notes form part of these financial statements and can be accessed on the Club’s website.

29

Cruising Yacht Club of SA | 2024/2025 Annual Report

CYCSA Inc and Controlled Entities Financial Report Statement of Changes In Equity for the year ended 31 May 2025

Contributed Equity

Retained Earnings

Premium Reserve

Marine Academy Reserve

Total

$

$

$

$

$

6,115,669

11,620,371

1,420,500

101,665

19,258,205

550

-

-

-

550

Operating Result for the Year

-

801,450

-

-

801,450

Transfer to Reserves

-

(17,136)

-

17,136

-

Transfer from Reserves

-

15,557

-

(15,557)

-

Balance at 31 May 2024

6,116,219

12,420,242

1,420,500

103,244

20,060,205

Balance at 1 June 2024

6,116,219

12,420,242

1,420,500

103,244

20,060,205

(1,800)

-

-

-

(1,800)

Operating Result for the Year

-

632,468

-

-

632,468

Transfer to Reserves

-

(15,400)

-

15,400

-

Transfer from Reserves

-

3,630

-

(3,630)

-

Balance at 31 May 2025

6,114,419

13,040,940

1,420,500

115,014

20,690,873

Consolidated Group Balance at 1 June 2023 Contributed (Reduction) in Capital

Contributed (Reduction) in Capital

The accompanying notes form part of these financial statements and can be accessed on the Club’s website.

Cruising Yacht Club of SA | 2024/2025 Annual Report

30

CYCSA Inc and Controlled Entities Financial Report Statement of Cash Flows for the year ended 31 May 2025

Note

Consolidated Group

CASH FLOWS FROM OPERATING ACTIVITIES

2025

2024

$

$

Receipt from customers

4,694,834

4,761,162

Interest received

-

-

Payments to suppliers and employees

(4,316,509)

(4,107,995)

Receipt from investments

257,477

277,449

Interest paid Net cash provided by (used in) operating activities

(734)

(720)

635,068

929,896

CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from disposal of property, plant and equipment

-

-

Payments for property, plant and equipment

(316,705)

(388,502)

Purchase of investments

(2,704,781)

(293,468)

Proceeds from the sale of investments

2,570,325

87,696

Net cash provided by (used in) investing activities

(451,161)

(594,274)

-

(292,000)

CASH FLOWS FROM FINANCING ACTIVITIES Proceeds / (Repayments) from borrowings

13

Proceeds / (Redemption) from issue of units in Unit Trust

(1,800)

550

Net cash provided by (used in) financing activities

(1,800)

(291,450)

Net increase / (decrease) in cash held

182,107

44,172

Cash and cash equivalents at beginning of financial year

228,387

184,215

Cash and cash equivalents at end of financial year

410,494

228,387

5

The accompanying notes form part of these financial statements and can be accessed on the Club’s website at: https://cycsa.com.au/club-financial-reports/

31

Cruising Yacht Club of SA | 2024/2025 Annual Report

Cruising Yacht Club of South Australia Inc. Lady Gowrie Drive, North Haven, South Australia PO Box 1020, North Haven SA 5018 08 8248 4222 | reception@cycsa.com.au | www.cycsa.com.au