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2012 Annual Report
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Business Partners
Royal Pines Resort
Official Venues Royal Pines Resort
Academy Partner
Contents
Business Area Reports Chairman’s Report Managing Directors and Executive Officer’s Report The Board of Directors Strategic Plan Future Developments
Page 06 09 12 14 18
Sports Program Reports Golf 20 Future Stars 22 Football (Soccer) 24 Rugby League 26 Indoor Volleyball 28 Beach Volleyball 30 Basketball 32 Table Tennis 34 Awards Night 36
Finance Reports Director’s Report Auditor’s Independence Declaration Directors’ Declaration Trading, Profit and Loss Account Income Statement Balance Sheet Statement of Cash Flow Notes to Financial Statements Depreciation Pools
42 46 47 48 51 52 54 56 65
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Sports Program Sponsors
Golf Royal Pines Resort
Future Stars (North) / Beach Volleyball
Football (Soccer) Royal Pines
Resort
Rugby League Royal Pines Resort
Future Stars (Gold Coast South) Robina
Volleyball (Indoor)
Basketball
Table Tennis
Official Suppliers
Paul Christou - Official Photographer. For copies call 0418 184 555
The GCAS Golf squad enters the Academy Games Opening Ceremony in Wollongong. Photo by GCAS media
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Chairman’s Report
Chairman’s Report GCAS Chairman the Hon Mick Veivers Photo by Paul Christou
At the end of a third year of operation, it is with great pleasure that I report on the achievements of the Gold Coast Academy of Sport. This year over 200 athletes participated in 9 sports programs, a remarkable increase in the number who were involved the previous year and since the official launch of the Academy in October 2009. The Board and sponsors are running every step of the way with the athletes and coaching staff. It gives the Board great pleasure to be providing advice voluntarily on the direction for this ‘not for profit organisation’ that is making such a positive impact on the development of sport and on young people in the Gold Coast region. The Awards Night is an event that I look forward to each year and greatly enjoy. As a part of such a large gathering of over 400 VIP’s and other guests this year, it was amazing to hear again about the efforts and achievements of the scholarship athletes, coaches and managers. I made
special mention in my address about the parents. Without their equal dedication in transporting the athletes to the various training sessions, the sporting dreams of their children could not be realised. I am most delighted to see the values of the Academy on show and these values are simple: Achieve your best in every aspect of life; Excel in everything you do; Inspire others and yourself by your deeds; and last but not least Respect yourself, the gifts and opportunities you’ve been given, and those people around you. These values are summarised in a culture document that is featured on the Academy’s website.
Over 400 Academy supporters gathered at the Awards Night Photo by Paul Christou
Chairman’s Report All athletes were recognised with a certificate of graduation and many fine up-and-coming athletes received specific awards in their chosen sport. Daniel Coleman (Triathlon/ Future Stars north) was the recipient of the Male Athlete of the Year Award for a second successive year, Jessica Roche (Indoor Volleyball) was presented with the Female Athlete of the Year and Kenza Benzenati (Athletics/Future Stars north) was honoured with the Chairman’s Award. A highlight of the evening was an interview with special guest Brent Livermore, 2004 Olympic Gold medallist in Hockey, about his journey in sport.
2012 GCAS Academy Games Golf Squad Photo by GCAS media
The GCAS once again entered a Golf squad into the Academy Games in Wollongong, NSW and Maddison Coster was the leading female athlete in the Golf tournament. The GCAS was the only squad from Queensland to compete and gladly carried the responsibility of representing the Gold Coast region and the State at this event that attracted nearly 1000 athletes from 7 different sports. It is important for the wider recognition of the Academy that we continue to be represented.
The founding group of business partners – Gold Coast City Council and Business GC, Greater Building Society, RACV Royal Pines Resort, NBN television, Sea and Gold FM and Griffith University were joined this year by the Runaway Bay Sport and Leadership Centre (Sports Super Centre) in providing the resources necessary to support the operations of the Academy. The GCAS would like to recognise the support of this first-class sporting facility and its Managing Director, David Morgan, who made this special announcement at the Awards Night. The on-going support of all official venues, program sponsors and official suppliers recognised in this report provides the platform for ‘golden opportunities through sport’ for the athletes. On behalf of the Board, I would like to thank the coaches, program managers and volunteers for their commitment to the operations of the sports programs. The inclusion of guest coaches, several with high level or even Olympic Games experience, provides greater insight for the athletes into what is required to reach high levels of elite sport. To my fellow Board members, Glynis NunnCearns, Bob Hagley, Professor Kristine Toohey, Gavin Kirkman, Mark Holton and Ian Robilliard, office staff and State Government Local Sport and Recreation Coordinators, I thank you for sharing your enthusiasm and expertise with the Academy. Managing Director Ian Robilliard has continued to share with the GCAS his experience of establishing a highly successful regional academy of
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Chairman’s Report
sport. Just as an athlete requires advice, Ian and the Central Coast Academy of Sport have helped provide guidance to the GCAS of how to establish sustainable operations. The GCAS is in an accelerated position of development owing much to his support in the area of administration.
and continuous improvement in pre-elite sport is steadily increasing in the leadup to hosting the 2018 Commonwealth Games. To have current Academy athletes competing at an event like this in the future is something special to strive for and would be truly satisfying.
Through this partnership, the GCAS is increasingly included in plans for the wider regional academy of sport network that extends across New South Wales and other states of Australia. The Gold Coast’s reputation as a region striving for excellence
I trust that you will continue your support and enjoy your participation in the Gold Coast Academy of Sport in 2013. Hon Mick Veivers Chairman
Academy Games Opening Ceremony, Wollongong NSW Photo by GCAS media
Managing Directors & Executive Officers Report
Managing Directors & Executive Officers Report The first three years of any organisational venture are often the most difficult to navigate. However, with a committed board, professional management team, a sound business plan, longer term guaranteed funding, a philosophy of continuous improvement and a growing groundswell of community support, the past year was again a remarkable year of development. Buoyed by interest in the 2012 London Olympic Games, for a third successive year the number of programs, athletes, coaches, administrators and volunteers participating in the Academy all increased significantly. Business partner level and programs sponsorship renewals with the Gold Coast City Council, Business GC, Greater Building Society, RACV Royal Pines Resort, NBN television and Griffith University were all announced. The Runaway Bay Sport and Leadership Excellence Centre (Sports Super Centre) increased its level of support to a business partner level as well and this was confirmed by its Managing Director David Morgan. All of these partnerships and the support of the sponsors is outstanding and allows the Academy to continue the work it does for sport in the Gold Coast community. The GCAS would particularly like to recognise the support of the Gold Coast City Council for
providing the facilities for the Academy to have its own functional independent office space. The Carrara Sports Complex is the ideal location for the office of the Academy because it is developing into a hub for sport development in readiness for hosting the 2018 Commonwealth Games on the Gold Coast. For still a relatively young organisation, the numbers of success stories of athletes progressing to higher levels of elite sport is most encouraging. Many of these athletes were featured at the annual Awards Night at which over 400 people were in attendance making this event one of the largest of its type in the Gold Coast region. The positive contribution the athletes are making off the field in the wider community was equally
Greater GCAS athlete ambassadors Rebecca Tickner and Roman Hofmann with Rosy King, Nerang Branch manager of the Greater Building Society. Photo by Paul Christou
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Managing Directors & Executive Officers Report pleasing to hear. A growing number are expressing how the Academy is positively influencing them and this current generation in a variety of ways, setting a foundation for an increasingly successful future in the modern world. In response to an increasing administrative workload to meet demand, the board was delighted this year to be able to increase the number of staff. Kathryn Shepherd-Ashby was appointed to the full-time position as the Office and Programs Coordinator. At the end of the year Kathryn chose to leave this full-time position in administration. However, the GCAS would like to thank her for her positive contribution to the operations during her short time in the Academy office. The GCAS continues to be a member of a like-minded cluster of community organisations that support State Government funded Local Sport and Recreation Coordinators Ty Chapman and Sarah Neal. Ty and Sarah worked in a part-time capacity for the GCAS supporting events, helping to generate sponsorship and developing grant applications for funding.
A highlight of the year was the launching of the redesigned website utilising the most cutting edge technology available. The site showed a major increase in unique visitors with over 13,000 recorded. This was an increase on the 10,000 that were recorded in 2011 and 5,000 in 2010). These visitors generated close to 1,000,000 hits. The GCAS has expanded its social media presence with its Facebook page and photo galleries in particular generating increasing interest. Other highlights included the annual Corporate Golf Day with sponsored holes and the participation of the Golf athletes together with the corporate sponsors.
GCAS Golf Athlete Tiana Beakey played with LPGA professional Golfer Francis Bondad at the Ladies Masters Pro-Am at the RACV Royal Pines Resort. Photo by GCAS Media
The contracting of Mick Ellison as the Manager of Commercial Operations in the early stages of the year assisted the Academy to ensure that the needs of existing sponsors were adequately met at a time when many of the programs were launching for the new year. The board will review the staffing strategy and adjustments to the staffing make-up will occur early in 2013 to best meet the growing needs to the GCAS.
The increasingly sound business position able to be reported is a direct result of the committed Board of Directors with the support of the various sponsors who are all recognised in this report. We would like to express our thanks to the Hon. Mick Veivers, Glynis Nunn-Cearns, Bob Hagley, Professor Kristine Toohey, Gavin Kirkman and Mark Holton for their involvement ensuring the academy fulfilled the requirements of the business plan. Support and advice was readily offered to staff if requested.
Managing Directors & Executive Officers Report The unique ‘culture’ of the GCAS was reviewed and a summary document published by the board. The values, ideals and future plans of the Academy are now outlined in a Culture Document and this is featured on the home page of the website. We offer our sincere thanks to Central Coast Academy of Sport. Its staff have openly shared their knowledge of establishing a regional academy. This has allowed the GCAS to accelerate its rate of development over the past three years for the benefit of the athletes involved. Accountant Linda Holton of Dynamic Taxation and Training, Reece Norris and other core education presenters, sport management work experience students from Griffith University and other volunteers have all assisted and this support is greatly appreciated.
privileged positions of administration. With even wider support from the commercial sector in the region, the possibilities are endless for athlete and business development. 2013 will no doubt hold many challenges but we are personally looking forward to a greater number of ‘golden opportunities through sport’ that the Academy seeks to facilitate. Ian Robilliard Managing Director
Robert Thompson Executive Officer
We would like to take this opportunity to again thank the board members of the GCAS who have allowed us to take on these
Olympic Beach Volleyball Gold medallist Kerri Pottharst met with GCAS Volleyball athletes Nicole Marr and Emily Haines. Photo by GCAS Media
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The Board of Directors
The Board of Directors Our Mission
Our Vision
The Gold Coast Academy of Sport will provide excellence through visionary programs for the region’s young athletes.
The Gold Coast Academy of Sport will combine sporting excellence with life skills development for pre-elite athletes of the Gold Coast.
The Gold Coast Academy of Sport has a clear model of Board involvement. The GCAS operates under the direction of a Board of Directors with each director allocated a specific portfolio. The involvement of the Board has been very consistent and is based on requests made by management staff. The role of the Board is to have primary responsibility for the strategic development of the business aspects without ‘hands on’ management. Other key objectives include -
The Board of Directors includes: Mr Hon. Mick Veivers Board Chairman Ms Glynis Nunn-Cearns OAM Deputy Chairman and Chair Athlete Services Mr Bob Hagley Chair Commercial Operations (incl Sponsorship) Mr Mark Holton Chair Finance and Audit
• Monitoring the effectiveness of management
Mr Gavin Kirkman Director
• Reviewing the current financial welfare of the organisation and approving forward budgets and financial plans
Mr Ian Robilliard Chair Sport and Business Operations/ Managing Director
• Ensuring all statutory reporting requirements are met in a timely and effective manner • Implementing staff recruitment when required In addition to regular review and planning meetings, the Board this year completed a comprehensive analysis of the vision, mission and aims of the organisation.
Professor Kristine Toohey Chair Sports Science and Education
The Board of Directors Aims of the GCAS as outlined in the constitution: • To promote interest, participation and opportunities for athletes of the Gold Coast. • To promote interest, participation and opportunities for coaches, administrators, officials, sports science practitioners, and other sports related parties of the Gold Coast.
• To provide sports education for coaches, athletes, officials, administrators and other related persons. • To conduct competitions, demonstrations, conferences in relation to any sports and pastimes and to engage coaches, players, instructors and others as the Academy may see fit.
• To provide specialist support to athletic performance through the interaction of sports medicine disciplines.
• To provide and promote vocational opportunities through athletic participation, sports coaching, sports science and general business opportunities for persons involved in the business of sport.
• To promote sports and sports tourism on the Gold Coast in order to bring additional economic benefits to the region.
• To adopt the means of making known and promoting the objects and activities of the Academy and its members.
• Either alone or in conjunction with any other sporting body whether corporate, individual or otherwise, to promote, conduct and carry out sports meetings, events, tournaments, competitions, and education programs for the benefit of participants.
• To print and publish in any journal, magazine, book, periodical or other medium as the Academy may see fit. • Liaise with related third parties involved with sports development for the Gold Coast Region.
GCAS Deputy Chairperson Glynis Nunn-Cearns with Wayne Hickson (Hickson media), David Morgan (Sports Super Centre) and Clare Ramsay (Gold Coast City Council) at the Awards Night. Photo By Paul Christou
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Strategic Plan
Strategic Plan The Gold Coast Academy of Sport has a unique strategic business plan for the period 2010-2014. It outlines a number of operational performance measures allowing the organisation to grow in accordance with the plan. A review of these operational measures includes:
Administration This year was the third year of the strategic development plan for the period 2010-2014. This document is closely linked to the wider regional Academy of Sport network in NSW and further afield. With the GCAS being a direct partner of the Central Coast Academy of Sport and an associate of other regional academies interstate, the commercial opportunities and collective goodwill are able to be extended beyond local borders. The GCAS is continuing to model a collective approach to sports development as exists in 20 other regions of Australia but is a concept unique to the state of Queensland. This is a model that is likely to be replicated in other regions of the state in the years to come, particularly given the successful introduction of this regional academy. Robert Thompson completed his third year as the Executive Officer. This position continues to receive significant remote and face to face support from the Central Coast Academy of Sport with Ian Robilliard as Managing Director assisting in securing sponsorship and developing the sport programs.
The board level is currently undergoing a thorough review of the staffing structure required to meet demand within the resources available and when that is completed, future plans in regard to staffing and positions of future employment will be announced.
Finance and Assets It is very pleasing to be able to report the sound financial figures as audited to the standards required by accounting firm Macquarie Partners. In a year where the global financial landscape remained tight and businesses were generally conservative
GCAS Indoor Volleyball girl athletes at the Awards Night. Photo by Paul Christou
Strategic Plan towards sponsorship, the GCAS was able to increase the number of programs and further secure its financial position. The financial performance of the academy is being constantly reviewed and justified by the executive staff and the board of directors. A summary of the key performance indicators reflects an increasingly solid financial position. There was a 20% increase in Local Council funding and a moderate rise in athlete levies and other income relating to the increased London 2012 Olympic Beach Volleyball coach number of athletes involved in the Steve Anderson instructs GCAS athlete programs. The 25% reduction Abby Byrne-Hartmann on the finer points of the sport in gross revenue ($351,487 in Photo by GCAS media 2012 compared to 469,775 in 2011) is directly attributable to a core education seminars from experts in the commensurate reduction in the relatively field. This represents outstanding value for extensive in-kind sponsorship income (in money. the form of television and radio advertising The GCAS is able to receive donations coverage) that was offered to the GCAS (as a tax deduction to donors) through the in the start-up phase of the business. A Federal Government’s Australian Sports controlled net profit of $25,770 for 2012 has Foundation (ASF). $1,294 was received in increased total equity to $180,554 providing comparison to $1,815 in 2011. This reflects an improving base of financial security for how individuals in the community are finding possible future expansion. it more difficult to make such contributions. Quite simply, as the financial position of It is hoped that more individual donors will the Academy becomes more secure, see the Academy as a most worthy cause in the amount of resources increase for the the coming year. programs. To all business partners, corporate If the academy is to expand, additional supporters and other donors, the academy sources of income will need to be found. offers its most sincere thanks. The Runaway The hosting of the Commonwealth Games Bay Sport and Leadership Excellence Centre on the Gold Coast in 2018 has the potential (Sports Super Centre) joined the other to be of great benefit. founding business partners in supporting the academy at this level which is greatly The payment of modest honorariums and a appreciated. high level of community volunteer support resulted in an athlete levy of no more than $330 (including GST payable) to join a year-round program and receive significant benefits from quality coaching, uniforms and
Without this level of support, the GCAS would not have been able to make such an impact in Gold Coast sport.
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Strategic Plan GCAS Corporate Golf Day at the RACV Royal Pines Resort and the winning team on handicap from Gold Coast Rugby League Photo by GCAS media
Sports Programs Nine sports programs (an increase from 6 and 2 trial programs in 2011) were offered including Golf, Future Stars (Gold Coast north), Football (soccer), Rugby League, Future Stars (Gold Coast south), Volleyball (Indoor), Beach Volleyball, Basketball and Table Tennis catering for 204 athletes (up from 154 in 2011). These athletes were exposed to expert coaching, practical skill development and core educational seminars. Topics included public speaking improvement, sports psychology, Greater Building Society ‘financial fitness’ seminars and nutrition for sport. Guest visits from high profile current and past sportspeople were also organised. The Greater GCAS athlete ambassador program sponsored by the Greater Building Society. Roman Hofmann (Football) and Rebecca Tickner (Golf) were selected by the board as this year’s ambassadors amongst the many athletes who entered applications. They were provided with additional opportunities in corporate skills training. They were then invited to attend a corporate functions and the they had their athlete profiles featured on both the GCAS and Greater Building Society websites.
The academy is extremely fortunate to have experienced coaching staff who not only provide a significant amount of time but ensure that their programs are of the highest order. Their high level of technical coaching expertise together with the addition of sport science offers a ‘point of difference’ for the athletes. A coaches conference was again held prior to the Awards Night. This was an opportunity for the Board to thank the coaches for their efforts and for them to share ideas and discuss issues in common across all sports.
IT and Systems The GCAS aims to have the most cutting edge IT platform possible including secure back-up of data in multiple locations. It is an on-going challenge to keep pace with the ever-changing world of IT that is required to remain compatible with the growing numbers of partners the academy communicates with electronically. A sports program ‘hotline’ on the website provided the participants with the most up to date information about the status of each academy sports program. A one page Programs Summary was also added. The Gold Coast Academy of Sport (GCAS) Facebook page doubled its number of Likes
Strategic Plan to well over 300. There are plans to expand the use of the Sports Locker system. SMS messaging from the academy office will be delivered direct to the mobile phones of the athletes. This service will provide members of the academy with a cost effective, dynamic secure social network and a platform for coaches to post educational bulletins.
Commercial Operations The ability to plan ahead financially is most important for organisational stability and it was pleasing that all major business partnerships with the GCAS were renewed providing an ongoing and solid financial backing. The acquisition of additional business partners and program sponsors is a high priority in order to further widen the financial base of support. Increased corporate sponsorship and development of the investment model will be required if the GCAS is to reach its longer-term strategic plans.
Gaining further marketing advertising exposure on TV and radio will be considered again.
Special Events The Corporate Golf Day and Annual Awards Presentation Evening were very well supported once again. These special events aimed to bring the community together to showcase the achievements of the organisation and the athletes to a wider audience than otherwise would be possible. A squad of golfers was invited to the annual Academy Games in Wollongong in April and they joined nearly 1000 athletes from other regional academies for 3-days of friendly competition. The GCAS continued its associate membership of the QSPORT network with wider Queensland and representatives attended the Queensland Sports Awards Function in Brisbane. Other events such as the Gold Coast City Council’s Science Week Fair, State Government’s Sport Super SignOn Day, Griffith University’s career day and Bumhela Indigenous Festival Day were also supported.
A large crowd attended the ‘Celebrating Success’ function after the Awards Night Photo by GCAS media
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Future Developments
Future Developments The coming year will be a great opportunity to turn the interest in sport created by the recent Olympics into increased participation. With the Commonwealth Games on the Gold Coast drawing ever closer, local athletes will become even more inspired to aim to look to compete for Australia on home soil in just 6 years time. The board has ambitious plans and these have been documented in the following key outcomes areas -
Administration The GCAS would like to recognise the Gold Coast City Council for their support in providing access to the current administration office for at least a further two years. The academy will be seeking to remain and expand its office location at the Carrara Sports Complex and office expenses on items such as photocopying have been reduced with appreciation under sponsorship from Sharp ABT office services. The concept of a purpose built and flexible administration centre domiciled within the Carrara Sports Complex for corporate functions, training rooms, storage and additional staffing would be a very important development in the growth of the academy.
Finance and Assets While the GCAS is pleased to report a increasingly robust business equity position, the board and staff of the organisation will be actively seeking to grow the amount of income further. This process will no doubt incur increased expenses but it will also generate new opportunities to invest in the GCAS, allowing it to invest back into the sports programs. The GCAS is looking for ways in which to minimise costs such as the bulk ordering
Chairman Mick Veivers and board member Bob Hagley with an eye to the future outside the GCAS office. Photo by GCAS media
of uniforms. The development of an on-line store with the ability to market merchandise and other products on behalf of sponsors and suppliers will also be investigated for cost efficiency. This option has already implemented by many Academies interstate for reasons of efficient finance and delivery direct to the homes of the athletes. The receipt of additional business level sponsorship and/or state government operational funding would provide increased confidence in the role of the academy with mainstream and other sports that are yet to establish a ‘value-added’ sports program. Additional funds would be directed to the employment of sports program staff and to developing the benefits in the programs.
Sport Management It is anticipated that up to 10-12 sports programs will be offered by the GCAS in 2013. This will include the following sports; Golf, Future Stars north, Football/ Soccer, Rugby League, Indoor Volleyball,
Future Developments Beach Volleyball, Basketball, Table Tennis and Triathlon. At least one new program is likely to be launched by June. Such a mix will provide scholarship positions for approximately 220-240 athletes. This will be a major undertaking and a robust target of participation. The GCAS will be taking a squad of at least 6 Golf athletes and managers to compete in the Academy Games in Wollongong from April 19-21. There are plans to take teams in other sports squads depending on sponsorship and availability of the athletes. The cost of taking a Golf squad to compete in the Games will be $7-$8,000. While this is significant, the academy will continue to provide funding relief to athletes offering them additional competitive opportunities and the experience of a lifetime.
IT and Systems Maintaining and advancing the IT platform to state of the art levels is an ongoing challenge. The GCAS is embracing current technologies in order to keep pace with the various changes in commonly used IT. Expanding its presence on social networking sites, video summaries of programs and developing data storage in a ‘cloud’ are all developments being considered. Website costs will only be required in maintenance and not establishment as was required this year. The GCAS will aim to keep updated content on the website and extend the length of visits by each visitor. The introduction of the National Broadband Network is likely to provide
enhanced opportunities for Internet-based technologies.
Marketing and Promotion Further developing the recognition of the GCAS brand and understanding the supportive role the academy plays in the Gold Coast sports industry is an ongoing process of education. Having an increasingly recognisable logo and a ‘golden opportunities through sport’ tagline will continue to permeate all marketing and promotion. The Board will continue to allocate significant resources for the Awards Night and the ‘Celebrating Success’ social event that follows. This is important as it is the once a year occasion where all of the stakeholders of the Academy can come together. While the support of the funding business partners and corporate sponsors is much appreciated, several sponsorship ‘gaps’ exist in the sponsorship matrix. The Board and staff will be working extremely hard to fill these gaps in order to continue to provide robust sports programs.
The GCAS partnered with Griffith University to promote sport science to hundreds of high school students at the Gold Coast Science Fair at Evandale. Photo by GCAS media
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Program Reports 2012
Golf THE 2012 GCAS Golf squad inducted 22 male and female athletes aged 13 – 18 from 9 different local golf clubs. The sponsorship support of RACV Royal Pines Resort and E-Z-GO Golf cars assisted in providing high quality Sporte Leisure uniforms for the athletes in the squad and for those who represented the academy with distinction at the Academy Games in Wollongong. The aim of the program is to provide the athletes with value-added on-course training and educational opportunities to enhance their prospects of progressing further in the existing development pathway. The program offered a first year Introductory, second year Advanced and for the first time a third year Alumni program. The program has the in-principle support of the Gold Coast Men’s and Women’s Associations and Golf Queensland. Curriculum advice, skills testing protocols and game preparation advice were offered to the athletes in line with the recommendations of these governing bodies. The Golf program has been a model for the integration of an academy program into the existing athlete pathway of a sport. The Head Coach once again was three-time QLD PGA Coach of the Year and current Chairman of the Australian PGA Mark Gibson. He was supported by professional coach Derrin Morgan for the training sessions. Skills testing, video/computer analysis and sport psychology for Golf supported the athletes existing training schedules at their home clubs. Handicap scores reduced significantly with practise and commitment.
Core education sessions on topics such as biomechanics of the golf complemented the 20 practical sessions offered. The Academy Games provided 8 athletes with a privileged experience including dressing and travelling as a team, time management skills and competing in different environments. The Captain of the squad was Tiana Beakey while Maddison Coster was the leading GCAS athlete, awarded the leading Female Golfer off scratch. Trent Whiting and Peter Lyon were the leading GCAS male athletes.
Head Coach Mark Gibson demonstrates putting skills Photo by GCAS media
Program Reports 2012 Program Partners:
Official Venue:
Royal Pines Resort
2012 GCAS Golf Squad at the Awards Night. Photo by Paul Christou
2011/12 Golf Squad Introductory Squad - Conor Bronson (Southport GC), Drew Herbert (Coolangatta-Tweed Heads GC), Heiko Jeandepeux (Palmer Colonial), Rebecca Kay (Coolangatta-Tweed Heads GC), Christopher Melia (Southport GC), Trent Rhodes (RACV Royal Pines Resort), Tyla Smith (Coolangatta Tweed Heads GC), Rebecca Tickner (Sanctuary Cove GC) Advanced Squad - Tiana Beakey (Surfers Paradise GC), Alice Burke-Caban (Southport GC), Maddison Coster (Emerald Lakes GC), Breana Hood (Emerald Lakes GC), Peter Lyon (Southport GC), Connor Martin (Hope Island GC), Jin Okugawa (Sanctuary Cove GC), Trent Whiting (Gold Coast Country Club) Alumni Squad - Liam Anderson (Emerald Lakes GC), Ryan Cumming (Emerald Lakes GC), Breana Hood (Emerald Lakes GC), Caleb Hood (Emerald Lakes GC), Dee Dee Russell (Coolangatta-Tweed GC), Trent Whiting (Gold Coast Country Club) 2012 Academy Games Squad, Wollongong NSW - Tiana Beakey (Captain), Alice Burke-Caban , Maddison Coster, Ryan Cumming, Breana Hood, Peter Lyon, Tyson Johnston-Moir, Trent Whiting
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Program Reports 2012
Future Stars
(North & South Gold Coast) THE Future Stars program is open to athletes aged 13-23 who do not meet the eligibility requirements (eg age) of existing GCAS programs or for those who participate in sports that are not currently being offered. Athletes are expected to be representing the Gold Coast at a regional, state or International level or aiming to this level of achievement with the assistance of the Academy. The Future Stars program is individually focused and is based on a high level of personal interaction with the athletes. Individual gymnasium and personal training support together with regular core education seminars were offered. 17 high quality athletes were inducted at training centres in the northern and southern regions of the Gold Coast. This allowed easier access for the athletes and parents to training sessions. The northern program ran from March to August at the Runaway Bay Sport and Leadership Excellence Centre while the southern program was offered from September to February at the Good Life Health Club at Robina.
was also provided. All athletes were expected to attend core education seminars once a month allowing them to interact as a group on topics such as nutrition, exercise program development and media skills training such as public speaking.
The athletes at both centres had access to a wide variety of entitlements to assist them in their further development in their chosen sport. They were provided with individual access to gym memberships with unlimited visits, physiotherapy and sport psychology support if required. Advice in time management to utilise these services when it best suited their existing training schedules
South Gold Coast Squad, Robina Athletes: Shaquille Gafa (Rugby League), Jake Gleeson (Rugby League), Jacob Roby (Rugby League), Tekapo Tuaine (Rugby League), Jessica Hughes (Athletics), Olivia Lucas (Athletics), Katelyn Simpson (Athletics), Leshay Wells (Athletics), Sonia Weatherley (Athletics/Program Coordinator)
North Gold Coast Squad, Runaway Bay - Athletes: Kenza Benzenati (Athletics), Darcey Campbell (Athletics) Daniel Coleman (Triathlon/Athletics), Hayden Harrison (Rugby League), Ben Houghton (Table Tennis), Calvin Quirk (Athletics/Triathlon), Jess Whittaker (Triathlon/Athletics), Sonia Weatherley (Athletics/Program Coordinator)
Program Partners: Robina
Program Reports 2012
Future Stars north squad. Photo by GCAS media GCAS Future Stars south squad boys Photo by GCAS media
GCAS Future Stars south squad girls Photo by GCAS media
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Program Reports 2012
Football (Soccer) THE 2012 GCAS Football program provided over 150 hours of ‘value-added’ quality practical Soccer training and core education sessions for 50 athletes in the pre-season, main winter program and off-season come’n’try sessions. A variety of venues were used to improve the ease of access to sessions. The GCAS was most appreciative to the RACV Royal Pines Resort for offering a home to the program for the majority of the year on its International Training Field at a central location at Ashmore. The athletes attended seminars on fitness testing results and Financial Fitness with the Greater Building Society. Life Skills sessions at Griffith University on topics such as social media were attended by a number athletes during school time. Twice weekly sessions were organised to complement club based training and weekend club matches. The coaching staff was led for a third year by Head Coach Gary
Scott. Guest coaches from the Chelsea, Everton and Watford Clubs in the UK also provided invaluable voluntary support. A school holiday day clinic with Academy coaches from the Chelsea FC in the UK Premier League was a highlight. Towards the end of the season, several athletes were invited to trial with A-League teams and overseas professional teams. Opportunities like these provide exposure to higher levels of participation. The GCAS will continue to support the participation of its athletes in local representative teams or club level competition. After three successful years, this program will come under re-development and a bright future is planned for the GCAS Football program.
GCAS Football squad members at the Chelsea FC Coaching Day at the RACV Royal Pines Resort Photo by GCAS media
Program Reports 2012 Program Partners: Royal Pines Resort
Andrew Alighieri (Football Program Athlete of the year) in action Photo by GCAS media
Coaching Staff Head Coach – Gary Scott Assistant Coaches – Clint Savage, Sam Smith Managers – Brad Hill, Wayne Meacham Athletes Andrew Alighieri, Marcus Allison, Georgina Amos, Blake Angus, Daniel Bell, Nicholas Boulton, Domingos Cardoso, Emmanuel Cardoso, Daniel Chambers, Richard Clark, Shaun Core, Liam Davidson, Alistair Davis, Joshua Drewes, Lachlan Drewes, Paige Galbraith, Jonah Gele, Conrad Gooley, Luke Hilan, Jackson Hill, Roman Hofmann, Matthew Jones, William Kitchen, Nathan Kelsey, Tyson Kohayakawa, Ngun Lian, Andrew Mackintosh, James Mackintosh, Liam Markey, Joshua Martin, Keiran McMonagle, Dion Meacham, Nathan Nagy, Milan Niksic, Harrison Phillips, Zac Rafidi, Daniel Roby, Rhys Saunders, Dimitri Sofatzis, Charlie Smith, Beau Stanford, Grant Sweet, Will Taylor, Jack Thomas-Wright, Blake Thompson, Thomas Torzsok, Joel Walker, Dougie Watson, Tyrone Whelan, Francis Wood
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Program Reports 2012
Rugby League With the sponsorship support of the Queensland Rugby League (SE QLD Division) and the in principle support of the Gold Coast District Junior Rugby League, this year’s program included 30 Indigenous and Non-Indigenous athletes. This was after being for Indigenous athletes only the previous year. The aim of the program is to help develop the next generation of communityminded Gold Coast Junior Representative players and athletes better equipped to perform in their own Gold Coast District Junior Rugby League team. The Head Coach was Indigenous mentor Sid Doyle who brings many years of playing and coaching experience to the program. Ably supporting Sid were assistant coaches and former NRL players Kevin Thompson and Nathan Antonik. The input of Gold Coast Titans development staff and qualified sports trainer Gary Johnston added to the professionalism of the program. 12 ‘value-added’ quality practical Rugby League training and core education sessions enhanced the abilities of participants. After a trial day, monthly core education sessions were held throughout the season. A variety of topics such as junior refereeing with the Gold Coast Referees Association, Financial Fitness with the Greater Building Society and cultural awareness were included.
off-season training at the RACV Royal Pines Resort focusing on fitness, skill and technique. As a point of difference, the athletes joined in some fitness work with the GCAS Football squad for variety and to create a real community atmosphere for high performance sports development. The Rugby League program is planning a 2-day pre-season camp to be held in January at the Runaway Bay Sport and Leadership Excellence Centre.
A highlight was a program launch at the Emerald Lakes Golf Club together with the Gold Coast Junior Representative teams. The athletes met with Gold Coast Titan and Indigenous AllStar Ryan James who is the ambassador of the program. To conclude the year’s activities, the athletes were offered 2 months of weekly
Jamal Idris from the Gold Coast Titans attended a pre-season promotion day for the program. Photo by GCAS media
Program Reports 2012 Program Partners:
Official Venues:
Queensland Rugby League (SE division) Gold Coast District Junior Rugby League Gold Coast Titans
RACV Royal Pines Resort Gold Coast Titans Centre of Excellence Mudgeeraba & Helensvale JRLFC facilities
GCAS Rugby League squad members. Photo by GCAS media
Royal Pines Resort Coaching Staff Head Coach – Sid Doyle Assistant Coaches – Kevin Thompson and Nathan Antonik Sports Trainer/Coach - Gary Johnston Athletes Benjamin Bell, Zaarne Bourke, Bailey Court, Bailey Currie, Lachlan Douglas, Tyler Dunemann, Adrian Elder, E’Shea Gafa, Jackson Galwey, Bayley Gill, Daniel Hardin, Trai Georgetown-Hegarty, Jake Gleeson, Brandan Halliday-Thompson, Fletcher Harrold, Hayden Harrison, Martin Jack, Adam Lock, Jared Lock, Denzal Ngati, Ethan Page, Keenan Palasia, Kealey Parker, Jacob Roby, Slade Robinson, Tahj Smart, Tekapo Tuaine, Ezra Tuitapa-Issac, Tyler Van Zanden-North, Ethan Yuke
27
28
Program Reports 2012
Indoor Volleyball Following the establishment last year of a trial program, the GCAS Indoor Volleyball program created great interest with the program sponsorship support of Gold Coast Volleyball and Trinity Lutheran College. A large squad of athletes attended the 32 skill and game development sessions provided. A great need was identified to develop a regional academy program. Prior to the establishment of the program, there were limited opportunities for committed preelite athletes outside of school hours. The sessions in Term One and Two were held at the St Hilda’s School Multi-Purpose Centre, Southport. For Terms 3 and 4, the program relocated under sponsorship to the Trinity Lutheran College Indoor Sports Hall. Access to a weights gym and classroom for core education sessions was also provided here meaning all activities could be held together at the one location. The Program Coordinator was former QAS athlete and coach Aaron Alsop. The Head Coach was Andrew McCaskill who is a current national level coach and has well over 100 games of international match experience.
The addition of several quality assistant coaches meant the growing needs of athletes were constantly met. An off-court high performance support team was established with students from Griffith University and this meant the athletes had access to a very high level of on and off court support. Roles for these support staff were created in areas such as sports science testing, strength and conditioning and video analysis/biomechanics. Jessica Roche was named as the GCAS Female Athlete of the Year and she was just one of many athletes in the squad who gained a very high level of achievement on state and national junior representative stages. The Academy program also assisted in developing interest for the newly formed Gold Coast Volleyball League and Gold Coast ‘Festivolle’ of Volleyball.
2012 GCAS Indoor Volleyball squad. Photo by GCAS media
Program Reports 2012 Program Partners:
Official Venues:
Gold Coast Volleyball
St Hilda’s School, Southport Trinity Lutheran College, Ashmore
Vertical jump testing. Photo by GCAS media
Coaching Staff Program Coordinator – Aaron Alsop Head Coach – Andrew McCaskill Assistant Coaches – Peter Grootenboer, William Alexander Athletes William Alexander, Gemma Anderton, Sarah Anzelotti, Lachlan Barker, Damian Bergsma, Karys Black, Elizabeth Boniface, Stephanie Boniface, Bede Bouzaid, Jordan Boxell, Carina Brennan, Brody Brooke, Anataia Brown, Emma Burton, Nathan Davies, Mitchel Dupen, Abby Byrne Hartmann, Carly Edwards, Edward Egger, Mattias Evaga, Spencer Evaga, Bryar Fairhall, Emily Faulkner, Kate Fordyce, Kane Galley, Tom Golden, Francis Goldfinch, Jake Grootenboer, Emily Haines, Hayley Hampson, Corey Harris, Samuel Harris, Andrew Hemmerling, Chelsea Herbert, Drew Herbert, Brendan Herd, Jonathan Hespe, Georgia Hjort, Zachary Hong, Kyle Jackson, Kathryn Jenkins, Danica Kloppers, Angela Kooymans, William Koskala, Harry Kryska, Flynn Loft, Nicole Marr, Callum Matthews, Charlotte McAneney, Sean McPhail, Jamie Meredith, Louis Milhaly, Jessica Morgan, Alana Neave, Yenifer Nino, Jayla Nokohoo-Badry, Megan Paige, Jessica Paul, Kehle Pelles, Rose Presto, Renee Reardon, Jessica Roche, Jennifer Sherwood, Sui Man Tang, Caitlin Thompson, Liam Thompson, Claudia Young, Amy Zhao
29
30
Program Reports 2012
Beach Volleyball The first full year program was held with the program sponsorship of Gold Coast Volleyball, Runaway Bay Sport and Leadership Excellence Centre and the Gold Coast City Council. Following the interest generated in 2 initial camps, a weekly program was then able to be offered in Terms 2 and 3 and this expanded to twice weekly in Term 4 for the Tier One athlete group. 22 athletes overall were involved in the skill and game development training sessions. The Gold Coast is internationally renowned as a location for worldclass Beach Volleyball. The regional academy program was designed to provide local committed pre-elite athletes with the opportunity to develop possibly into players capable of playing on the national tour or higher levels. The Program Coordinator was former QAS athlete and coach Aaron Alsop and the Head Coach was Olympic Gold medallist Kerri Pottharst at a GCAS coaching on Adam Thornley who is Surfers Paradise beach. Photo by GCAS media a former national U/21 champion in the sport. The program benefitted greatly The sessions in Terms Two and Three were from the input of some of Australia’s greats held under sponsorship at the Runaway Bay in the sport. 5-time Olympian and Gold Sport and Leadership Excellence Centre. In medallist Natalie Cook was joined by her Term 4 with the support of the Gold Coast elite Coach Steve Anderson at the first camp City Council and Steve Anderson who had to help coach the GCAS athletes. American returned from the London 2012 Olympics, MVP player Eddie Stokes also assisted with several of the sessions were relocated to these coaching sessions. Olympic Gold Surfers Paradise Beach to replicate the medallist Kerri Pottharst also coached the conditions the athletes would be likely GCAS athletes. A photo shoot, coaching to face in competition at this venue. The session on Surfers Paradise beach and a additional weekly sessions were held on core education session with Kerri were all the new Beach Volleyball court at Griffith organised. University.
Program Reports 2012 Program Partners:
Official Venues:
Gold Coast Volleyball Runaway Bay Sports Super Centre Gold Coast City Council
Runaway Bay Sports Super Centre Surfers Paradise Beach
2012 GCAS Beach Volleyball squad. Photo by GCAS media
Coaching Staff Program Coordinator – Aaron Alsop Head Coach – Adam Thornley Coaching Coordinator – Steve Anderson Athletes Angus Berg, Damien Bergsma, Karys Black, Jordan Boxell, Carina Brennan, Abby ByrneHartmann, Kate Fordyce, Brenton Gibson, Portia Gunthorpe, Veronica Lawrence, Aliki Lee, Jamie Liu, Leandro Lombardi, Tenneil Macmaster, Taisha Martin, Jessica Morgan, Megan Nestor, Phillip Nguyen, Kehle Pelles, Rose Presto, Renee Reardon, Liliia Samysheva
31
32
Program Reports 2012
Basketball With the in-principle support of Gold Coast Basketball and Seahawks GC Basketball and the program sponsorship of Trinity Lutheran College, the GCAS Basketball program completed its first full year of operation. Additional skill development sessions with a focus on technique improvement in the sport were offered together with a number of core education sessions. 16 athletes aged U/13-U/16 who are currently registered with a local Basketball association and/or play at a junior representative level joined the program when it started in July. Former NBL player Thalo Green was the Head Coach and he provided a series of challenging coaching and game simulation drills aimed to improve the performance level of the athletes in their respective teams.
Griffith University. The Basketball and Indoor Volleyball programs were held at the same location allowing this additional support to be shared for the benefit of the athletes in both programs. Core education sessions on nutrition, Financial Fitness and public speaking were also offered.
The other point of difference for the program was the inclusion of sport science testing and fitness development with students from
GCAS Basketball inaugural squad members together with coach Thalo Green. Photo by GCAS media
Program Reports 2012
Program Partners:
Official Venue:
Gold Coast Basketball Seahawks GC Basketball
Trinity Lutheran College, Ashmore
Basketball skill development drills. Photo by GCAS media
Coaching Staff Head Coach – Thalo Green Athletes Madeline Anderson, Ashley Birmingham, Gus Carey, Matthew Downes, Zeke Dunrobin, Cameron Goldfinch, Michelle Gullotta, Bailey Jarrett, Keagan Kirkwood, Jonathan Odlander, Chase Riley, Nathan Schmidt, Andrew Veh, Tyson Wilson
33
34
Program Reports 2012
Table Tennis With the in-principle support of Table Tennis Australia, Table Tennis Queensland and the program sponsorship of the Gold Coast Table Tennis Association, Safeway Self-Storage and Table Tennis World, the first ever GCAS Table Tennis program started in September for this Olympic and Commonwealth Games sport. A squad of 19 talented athletes gained benefit from the additional skill development sessions with a focus on technique improvement in the sport together with a number of core education sessions. Male and female athletes aged U/13-U/23 who are currently registered with the Gold Coast Table Tennis association were invited to join the program when it started in September at the Gold Coast Table Tennis Association Centre’s headquarters at Molendinar. Sessions for the Academy squad were held on Sunday afternoons following regular squad training. Queensland Director of Coaching Cathy Townsend was the Head Coach and Queensland High Performance Manager Graeme Townsend was the assistant coach. Together they provided a series of challenging coaching and game simulation drills.
Table Tennis skill development drills. Photo by GCAS media
Sport science testing and fitness development with students from Griffith University was an aspect many of the athletes had not experienced before. All athletes were evaluated in a battery of tests and this helped 5 members of the squad to be awarded a medal at the National Junior Championships in Perth.
Coaching Staff
A highlight of the program was the attendance of Australian Olympic Head Coach Jens Lang at the program orientation. Jens shared his experiences of coaching at the London Olympics and he read aloud the Olympic Creed. Karatani Tetsuo from Japan was another guest coach who brought international level experience and was welcomed into the program.
Matilda Alexandersson, Jesse Barnett, Morgan Barnett, Austin Carpenter, Dylan Carpenter, Gabriel Dequina, Jordan Dequina, Jake Duffy, Shane Futcher, Benjamin Gould, Ben Houghton, Keryn Hunt, Mimi Kim, Ben Lander, Zabrynn Lander, Kane Townsend, Wade Townsend, Keiran Werner, Naoya Yamamoto
Head Coach - Cathy Townsend Assistant Coach - Graeme Townsend Athletes
Program Reports 2012 Program Partners:
Official Venue:
Gold Coast Table Tennis Association Safeway Self-Storage Table Tennis World
Gold Coast Table Tennis Association, Molendinar
GCAS Table Tennis Squad inaugural squad members. Photo by GCAS media
Australian Olympic Head Table Tennis Coach Jens Lang attended the program orientation. Photo by GCAS media
35
36
2012 Awards Night
Awards Night recognises Athlete achievement On October 31st at the RACV Royal Pines Resort, over 400 people were present to recognise this year’s GCAS scholarship athletes for their efforts. Graduation Certificates were presented to all athletes and trophy awards were presented by VIPs to selected athletes to recognise outstanding achievement and to provide encouragement. The recipient of the 2012 Academy Male Athlete of the Year for a second year was Daniel Coleman. Daniel backed up a stellar 2011 by gaining further honours representing Australia in Athletics and Triathlon. He represented Australia in the World ITU Triathlon championships in New Zealand and was named the 2012 QLD Junior elite male triathlete of the year. In athletics he travelled to Malta for the World Cross Country Championships all while studying for his Year 12. He has also taken his efforts to the sand winning Gold medals at state surf lifesaving events in the 2km open beach runs. The Gold Coast Academy of Sport’s Female Athlete of the Year Award recipient was Jessica Roche from the Indoor Volleyball program. Jessica had a long list of achievements in 2012 including first place in the Queensland Indoor Volleyball Championships and the inaugural Gold Coast Festivolle of Volleyball. She was
a member of the South Coast Indoor rep team and showed her versatility also in Beach Volleyball by coming first in the U/17 Junior Beach Volleyball Championships for Queensland and fifth in Australia. The recipient of the Chairman’s Award was Kenza Benzenati. Kenza has been a member of the GCAS Future Stars north program for 2 years. In Athletics this year, she participated in three events at the National Youth Athletics Championships in the 2km steeplechase and the 3 and 5km walk events. She also represented Queensland at the All Schools National Championships. She hopes one day to represent Australia in Athletics and study medicine at University.
Kenza Benzenati receiving the Chairman’s Award from the Hon. Mick Veivers. Photo by Paul Christou
2012 Awards Night
Rebecca Kay - Golf program athlete of the year Photo by Paul Christou
Brenton Gibson - Beach Volleyball program athlete of the year Photo by Paul Christou
Daniel Coleman receiving his award from Olympic Hockey Gold medallist Brent Livermore OAM. Photo by Paul Christou
Jessica Roche - GCAS Female Athlete of the Year. Photo by Paul Christou
Special guest interview with Brent Livermore. Photo by Paul Christou GCAS Football (Soccer) athletes enjoying the ‘celebrating success’ after function. Photo by Paul Christou
37
38
2012 Awards Night
2012 Awards and Honour Roll 2012 Major Awards Male Athlete of the Year
Daniel Coleman (Future Stars/Triathlon)
Female Athlete of the Year
Jessica Roche (Indoor Volleyball)
Chairman’s Award
Kenza Benzenati (Future Stars/Athletics)
2012 Sport Program Awards Golf Encouragement Award Peter Lyon Athlete of the Year Rebecca Kay Future Stars (north) Encouragement Award Calvin Quirk Athlete of the Year Daniel Coleman Football Encouragement Award Jonah Gele Athlete of the Year Andrew Alighieri Rugby League Encouragement Award Bailey Court Athlete of the Year Jared Lock Future Stars (south) Encouragement Award Jake Gleeson Athlete of the Year Jacob Roby Indoor Volleyball Encouragement Award Jamie Meredith Athlete of the Year Jessica Roche Beach Volleyball Encouragement Award Taisha Martin Athlete of the Year Brenton Gibson
GCAS Honour Roll 2010
Male Athlete of the Year Female Athlete of the Year Chairman’s Award
Jackson Hill (Football/Soccer) Katelyn Simpson (Future Stars) Dee Dee Russell (Golf)
2011 Male Athlete of the Year Daniel Coleman (Triathlon) Female Athlete of the Year Katelyn Simpson (Future Stars) Chairman’s Award Tiana Beakey (Golf)
39
Finance Reports 2012
40
Gold Coast Academy of Sport Ltd ABN 63 120 724 414
Financial Statements For the year ended 31 December 2012
Macquarie Partners Central Coast Unit 2, 3A Racecourse Road Gosford Phone: 02 4324 9177
2250 Fax: 02 4324 9055
Email: info@mpcc.com.au
41
Gold Coast Academy of Sport Ltd ABN 63 120 724 414
Contents Directors' Report Auditor's Independence Declaration Trading Account Detailed Statement of Financial Performance Statement of Comprehensive Income Statement of Financial Position Statement of Changes in Equity Statement of Cash Flows Notes to the Financial Statements Directors' Declaration Pool Depreciation Report Independent Auditor's Report
42
43
44
45
46
47
48
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Trading Account For the year ended 31 December 2012 2012
2011
$
$
Trading Income Sales
1,068
2,933
Total Trading Income
1,068
2,933
Cost of Sales Add: Opening finished goods Purchases
22,410
-
1,823
32,689
24,233
32,689
Less: Closing finished goods
Cost of Sales Gross Loss from Trading
19,393
22,410
19,393
22,410
4,841
10,279
(3,773)
(7,346)
The accompanying notes form part of these financial statements.
49
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Detailed Statement of Financial Performance For the year ended 31 December 2012 2012
2011
$
$
Income Trading profit (loss)
(3,773)
Interest received
4,987
(7,346) 5,855
Local Government / Council funding
149,726
124,300
Sponsorship income
167,628
315,780
22,475
21,528
351,487
469,775
Athletes registration fees Other Income
10,444
Total income
9,658
Expenses Accountancy Advertising and promotion Assets <$1,000
11,650
14,100
155,422
256,420
3,240
3,100
14
4
3,399
1,329
31,000
31,400
3,561
Audit fees Bank fees and charges
Cleaning/rubbish removal
436
Computer Expenses
Conference/seminar costs
1,400
Consultancy fees Depreciation
1,725
Filing fees
43
653
-
1,919 1,000
42
Insurance - General
4,089
3,814
Insurance - Workers Compensation
1,182
828
Membership fees
50
Motor Vehicle - Fuel & Oil Motor Vehicle - Parking
2,236
Printing, Postage & stationery
16
50
2,471
68
7,562
4,223
918
6,161
Sponsorships awarded
5,400
-
Storage fees
1,103
2,375
Superannuation
6,088
5,498
Travel, accom & conference
9,261
5,081
68,068
61,085
Provision for annual leave Repairs & maintenance Staff amenities
Telephone Uniforms Wages
506 127
1,219 6,002
The accompanying notes form part of these financial statements.
-
999
9,906
50
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Detailed Statement of Financial Performance For the year ended 31 December 2012 2012
2011
$
Total expenses Profit from Ordinary Activities before income tax
$
325,717
412,526
25,770
57,249
The accompanying notes form part of these financial statements.
51
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Statement of Comprehensive Income For the year ended 31 December 2012 Note
2012
2011
$
$
Classification of Expenses by Nature Revenues from ordinary activities
2
Changes in inventories of:
356,328
480,054
- Finished goods
(3,017)
22,410
Raw materials and consumables used
(1,823)
(32,689)
(323,992)
(411,526)
2
25,770
57,249
3
-
-
Net profit attributable to members of the company
25,770
57,249
Total changes in equity other than those resulting from transactions with owners as owners
25,770
57,249
Opening retained profits
154,784
97,535
Closing retained profits
180,554
154,784
Depreciation and amortisation expenses
3
Other expenses from ordinary activities Profit from ordinary activities before income tax Income tax revenue relating to ordinary activities
Net profit attributable to members of the company
(1,725)
-
25,770
The accompanying notes form part of these financial statements.
(1,000)
-
57,249
52
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Statement of Financial Position As At 31 December 2012 Note
2012
2011
$
$
Current Assets Receivables
Cash assets
5
4
217,925
184,667
Inventories
6
19,393
22,410
264,146
242,324
Other
7
Total Current Assets
20,545 6,283
31,255 3,992
Non-Current Assets Property, plant and equipment
Other
8
7
Total Non-Current Assets Total Assets
5,979
3,797
2,075
2,075
8,054
5,872
272,199
248,196
11,380
Current Liabilities Payables
10
8,696
Financial liabilities
11 12
871
7,079
Other
13
Provisions
871
6,161
75,000
75,000
Total Current Liabilities
91,646
93,412
Total Liabilities
91,646
93,412
180,554
154,784
Net Assets
Equity Retained profits
180,554
154,784
Total Equity
180,554
154,784
The accompanying notes form part of these financial statements.
53
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Statement of Changes in Equity Notes
Balance at 01/01/2011 Subtotal
Balance at 31/12/2011 Total other comprehensive income for the year
Subtotal
Balance at 31/12/2012
Retained Profits
Total
-
-
-
-
154,784
25,770
180,554
180,554
154,784
25,770
180,554
180,554
54
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Statement of Cash Flows For the year ended 31 December 2012 2012
2011
$
$
Cash Flow From Operating Activities Receipts from customers Payments to Suppliers and employees Interest received
Net cash provided by (used in) operating activities (note 2)
362,051
452,340
(329,874)
(395,392)
37,164
62,804
4,987
5,855
Cash Flow From Investing Activities Payment for: Payments for property, plant and equipment
(3,906)
(2,930)
Net cash provided by (used in) investing activities
(3,906)
(2,930)
Net increase (decrease) in cash held
33,258
59,874
Cash at the beginning of the year
184,667
124,793
Cash at the end of the year (note 1)
217,925
184,667
The accompanying notes form part of these financial statements.
55
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Statement of Cash Flows For the year ended 31 December 2012 2012
2011
Note 1. Reconciliation Of Cash For the purposes of the statement of cash flows, cash includes cash on hand and in banks and investments in money market instruments, net of outstanding bank overdrafts. Cash at the end of the year as shown in the statement of cash flows is reconciled to the related items in the balance sheet as follows: Cash at bank
217,925
184,667
217,925
184,667
Note 2. Reconciliation Of Net Cash Provided By/Used In Operating Activities To Net Profit Operating profit (loss) after tax
25,770
57,249
1,725
1,000
(Increase) decrease in trade and term debtors
10,710
(21,859)
(Increase) decrease in prepayments
(2,292)
(1,007)
Depreciation Changes in assets and liabilities net of effects of purchases and disposals of controlled entities: (Increase) decrease in finished goods
Increase (decrease) in trade creditors and accruals Increase (decrease) in other creditors
Increase (decrease) in employee entitlements Net cash provided by operating activities
3,017
356
(3,041)
(22,410) (2,567)
46,237
918
6,161
37,164
62,804
The accompanying notes form part of these financial statements.
56
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012 Note 1: Statement of Significant Accounting Policies The financial report is a general purpose financial report that has been prepared in accordance with Accounting Standards and other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001. The financial report covers Gold Coast Academy of Sport Ltd as an individual entity. Gold Coast Academy of Sport Ltd is a company limited by guarantee incorporated and domiciled in Australia. The financial report has been prepared on an accruals basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets. The following is a summary of the material accounting policies adopted by the economic entity in the preparation of the financial report. The accounting policies have been consistently applied, unless otherwise stated.
Income tax The company is treated as a sporting body under Section 50-45 item 9.1 of the Income Tax Assessment Act 1997, and therefore it is exempt from income tax on all income it derives.
Inventories Inventories are measured at the lower of cost and net realisable value. Costs are assigned on a first-in first-out basis. The cost of manufactured products includes direct materials, direct labour and an appropriate portion of variable and fixed overheads. Overheads are applied on the basis of normal operating capacity. Costs are assigned on the basis of weighted average costs.
Property, Plant and Equipment Each class of property, plant and equipment is carried at cost or fair value less, where applicable, any accumulated depreciation. a) Property Freehold land and buildings are measured on the fair value basis, being the amount for which an asset could be exchanged between knowledgeable willing parties in an arm's length transaction. It is a policy of Gold Coast Academy of Sport Ltd to have an independent valuation every three years, with annual appraisals being made by the directors. The revaluation of freehold land and buildings has not taken account of the potential capital gains tax on assets acquired after the introduction of capital gains tax. b) Plant and equipment The carrying amount of plant and equipment is reviewed annually to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net cash flows that will be received from the assets employment and subsequent disposal. The expected net cash flows have not been discounted to present values in determining the recoverable amounts. The cost of fixed assets constructed within Gold Coast Academy of Sport Ltd includes the cost of materials, direct labour, borrowing costs and an appropriate proportion of fixed and variable overheads. c) Depreciation The depreciable amount of all fixed assets including buildings and capitalised leased assets, but excluding freehold land, is depreciated on a diminishing basis over their useful lives to Gold Coast Academy of Sport Ltd commencing from the time the asset is held ready for use. Properties held for investment purposes are not subject to a depreciation charge. Leasehold improvements are depreciated over the shorter of either the unexpired period of the lease or the estimated useful lives of the improvements. The accompanying notes form part of these financial statements.
57
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012 The depreciation rates used for each class of depreciable asset are: Class of Asset
Depreciation Rate %
General Pool
30% [15% first year of ownership]
Leases Leases of fixed assets, where substantially all the risks and benefits incidental to the ownership of the asset, but not legal ownership, are transferred to Gold Coast Academy of Sport Ltd are classified as finance leases. Finance leases are capitalised recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual value. Leased assets are depreciated on a straight line basis over their estimated useful lives where it is likely that ownership of the asset will be obtained or over the term of the lease. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Lease payments under operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred. Lease incentives under operating leases are recognised as a liability. Lease payments received reduce the liability.
Investments Shares in listed companies held as current assets are valued at those shares' market value at each balance date. The gains or losses, whether realised or unrealised, are included in profit from ordinary activities before income tax. Non-current investments are measured on the cost basis. The carrying amount of non-current investments is reviewed annually to ensure it is not in excess of the recoverable amount of these investments. The recoverable amount is assessed from the quoted market value for listed investments or the underlying net assets for other non-listed investments. The expected net cash flows from investments have not been discounted to their present value in determining the recoverable amounts.
Intangibles a) Goodwill Goodwill is initially recorded at the amount by which the purchase price for a business exceeds the fair value attributed to its net assets at the date of acquisition. Purchased goodwill is amortised on a straight-line basis over the period of 20 years. The balance is reviewed annually and any balance representing future benefits for which the realisation is considered to be no longer probable is written off. b) Patents and Trademarks Patents and Trademarks are valued in the accounts at cost of acquisition and are amortised over the period in which their benefits are expected to be realised.
The accompanying notes form part of these financial statements.
58
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012 Employee entitlements Provision is made for the liability for employee entitlements arising from services rendered by employees to balance date. Employee entitlements expected to be settled within one year together with entitlements arising from wages and salaries, annual leave and sick leave which will be settled after one year, have been measured at their nominal amount. Other employee entitlements payable later than one year have been measured at the present value of the estimated future cash out flows to be made for those entitlements. Contributions are made by Gold Coast Academy of Sport Ltd to an employee superannuation fund and are charged as expenses when incurred. Gold Coast Academy of Sport Ltd does not record, as an asset or a liability, the difference between the employer established defined benefit superannuation plan's accrued benefits and the net market value of the plans assets. Gold Coast Academy of Sport Ltd operates an ownership-based remuneration scheme, details of which are provided in the Notes to Accounts. Profits or losses incurred by employees, being the difference between the market value and the par value of the shares acquired, are not recorded as remuneration paid to employees.
Cash For the purpose of the statement of cash flows, cash includes cash on hand and in all call deposits with banks or financial institutions, investments in money market instruments maturing within less than two months, net of bank overdrafts.
Goods and Service Tax (GST) Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown inclusive of GST. Cash flows are presented in the cash flow statement on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows.
Revenue Revenue from the sale of goods is recognised upon the delivery of goods to customers. Interest revenue is recognised on a proportional basis taking in to account the interest rates applicable to the financial assets. Dividend revenue is recognised when the right to receive a dividend has been established. Dividends received from associates and joint venture entities are accounted for in accordance with the equity method of accounting. Revenue from the rendering of a service is recognised upon the delivery of the service to the customers. All revenue is stated net of the amount of goods and services tax (GST).
The accompanying notes form part of these financial statements.
59
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012
Note 2: Revenue and Other Income Sales revenue: Non-primary production trading revenue
1,068
2,933
1,068
2,933
Other revenue: Interest revenue*
4,987
5,855
Local Government / Council funding
149,726
124,300
Sponsorship income
167,628
315,780
Athletes registration fees
22,475
Other Income
Interest Income
21,528
10,444
9,658
355,260
477,121
4,987
5,855
4,841
10,279
Note 3: Profit from Ordinary Activities Profit (loss) from ordinary activities before income tax has been determined after:
Charging as Expense: Cost of goods sold Depreciation of non-current assets: - Plant and equipment
1,725
1,000
Total depreciation expenses
1,725
1,000
The accompanying notes form part of these financial statements.
60
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012
Note 4: Cash assets Bank accounts: Cash at bank
217,925
184,667
217,925
184,667
217,925
184,667
217,925
184,667
Reconciliation of Cash: Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the statement of financial position as follows: - Cash
Note 5: Receivables Current Trade debtors
20,545
31,255
20,545
31,255
Note 6: Inventories Current Finished goods at cost
19,393
22,410
19,393
22,410
The accompanying notes form part of these financial statements.
61
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012
Note 7: Other Assets Current Prepayments
6,283
3,992
6,283
3,992
2,075
2,075
2,075
2,075
5,979
3,797
Non Current Preliminary expenses
Less: accumulated amortisation
-
-
Note 8: Property, Plant and Equipment Other property, plant and equipment: - At cost
- Less: Accumulated depreciation
-
-
5,979
3,797
5,979
3,797
Note 10: Payables Unsecured:
- Trade creditors
1,054
698
1,054
698
Unsecured: - Other creditors
7,641
10,682
7,641
10,682
8,696
11,380
The accompanying notes form part of these financial statements.
62
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012
Note 11: Financial Liabilities Current Unsecured: - Other loans
871
871
871
871
871
871
7,079
6,161
7,079
6,161
7,079
6,161
Note 12: Provisions Current Employee entitlements*
* Aggregate employee entitlements liability There were 2 employees at the end of the year
Note 13: Other Liabilities Current Advance payments
75,000
75,000
75,000
75,000
3,240
3,100
3,240
3,100
Note 14: Auditors' Remuneration Remuneration of the auditor of the company for: Auditing or reviewing the financial report Other services
-
The accompanying notes form part of these financial statements.
-
63
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Notes to the Financial Statements For the year ended 31 December 2012
Note 15: Related Parties Director-Related Entities Transactions with director-related entities: During the year ended 31 December 2012, Gold Coast Academy of Sport Limited entered into a contract with Central Coast Academy of Sport for whom Ian Robilliard and Mark Holton are directors, to provide operational assistance
15,000
14,300
During the year ended 31 December 2012, Gold Coast Academy of Sport Limited entered into a contract with Skilled Sports Pty Limited for whom Ian Robilliard is a director, to provide operational assistance
15,000
20,240
During the year ended 31 December 2012, Gold Coast Academy of Sport Limited entered into a contract with Dynamic Taxation & Training Services for whom Mark Holton is a director, to provide accounting and taxation assistance
11,880
15,510
The accompanying notes form part of these financial statements.
64
1,139
Less deduction for the decline in value of depreciating assets of the pool for the income year
2,036.36 21/02/12
1,870.00 27/09/12
Mymac Business Solutions - New Computer
Website development
1,768.00 01/01/09
1,682.00 06/06/11
Cabinets
Website
1,370.00 28/09/09
Silk Drapes x 4
1,248.18 29/03/11
4 x Rollaway banners
Plant and Equipment
Toshiba laptop
Office Equipment
Closing Value of the Pool
1,768
1,870
2,036
1,682
1,370
1,248
Total
0.00
0.00
0.00
0.00
0.00
0.00
Priv
736
0
0
1,430
571
1,061
OWDV
Date
0
0 27/09/12
0 5,979
0
1,870
2,036
0
0
0
Cost
ADDITION Date
0 21/02/12
0
0
0
Consid
DISPOSAL
Less the taxable use percentage of the termination value of pooled assets disposed of during the income year
586
3,906
Plus the taxable use percentage of assets allocated to the pool for the income year
Less deduction for the decline in value of depreciating assets allocated to the pool for the income year
3,798
Opening Value of the Pool:
Pool : General Pool
736
1,870
2,036
1,430
571
1,061
Value
D
D
D
D
D
D
T
30.00
15.00
15.00
30.00
30.00
30.00
Rate
221
280
305
429
171
318
Deprec
DEPRECIATION
Gold Coast Academy of Sport Ltd ABN 63 120 724 414 Depreciation Pools for the year ended 31 December, 2012
0
0
0
0
0
0
Priv
515
1,590
1,731
1,001
400
743
CWDV
65
66
67
68
2012 Annual Report Golden Opportunities Through Sport Postal Address PO Box 433, Ashmore City QLD 4214 Email info@goldsport.com.au Web www.goldsport.com.au ABN 63 120 724 414