2021/22 Annual Report

2021/2022

Annual Report

Glenelg Golf Club

Front & back covers: Clubhouse & 18th green Published 09/06/2022

2

Glenelg Golf Club Incorporated

ABN 94 199 789 857

CONTENTS Office Bearers & Committee

2-3

Captains Report

4-5

Finance

6-7

Course & Maintenance

7-9

Clubhouse, Food & Beverage

9-10

Membership & Golf

10-11

Our People

11-13

Foundation & Heritage Fund

13

Glenelg Golf Club Foundation

14

Heritage Fund & 50 Year Club

15

Membership Status

16

Office Bearers

17

Committee Members

18

Performances of Note

19

Club Championships & Trophy Winners

20-21

Financial Reports

22-39

Audit Report

40-41

2021/22 Annual Report

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OFFICE BEARERS COMMITTEE OF MANAGEMENT

CAPTAIN Greg Rundle

VICE CAPTAIN Imelda Lynch

COMMITTEE Paul Grosvenor

COMMITTEE Paul Gander

COMMITTEE Anna Standish

COMMITTEE Sid Kookana

COMMITTEE Scott Petherick

COMMITTEE Carolyn Turci

COMMITTEE Ben Winton

PRESIDENT:

Helen McMutrie

VICE PRESIDENT:

Chris Whitford

KEY MANAGEMENT PERSONNEL GENERAL MANAGER:

Robert Vincekovic

COURSE SUPERINTENDENT:

Tim Warren

HEAD PROFESSIONAL:

Shane Robinson

FINANCE MANAGER:

Carly Clough & Emma Twartz*

CLUBHOUSE OPERATIONS MANAGER:

Sam Hughes

* Emma Twartz from February 2022

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Glenelg Golf Club Incorporated

ABN 94 199 789 857

COMMITTEE MEETING ATTENDANCE Attendance at Committee of Management meetings for the year ended 31 March 2022 Greg Rundle

11

Imelda Lynch

10

Paul Gander

12

Paul Grosvenor

12

Sid Kookana^

9

Scott Petherick

9

Carolyn Turci

10

Ben Winton

12

Anna Standish^

3

A total of twelve (12) Committee of Management meetings were held for the year ended 31 March 2022

^ Sid Kookana resigned December 2021 ^ Anna Standish appointed as casual vacancy for Sid Kookana, January 2022

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2021/22

CAPTAIN’S REPORT

CAPTAIN Greg Rundle

It gives me great pleasure to write this Captain’s report following two successful, yet challenging (global pandemic!) years as Captain. We are a team, together the Members, Committee and Staff powered through a period of uncertainty, once again highlighting the Glenelg culture, camaraderie and generosity embedded in this Club. On the back end of Covid-19 we are stronger than ever, with a 2+ year waiting list for membership, positive financial position, and a strong team ready to lead our Club forward.

Whilst Covid-19 presented its challenges, especially once the borders opened around Christmas time, the decision making was strong, and most importantly the response from Members was outstanding. Numerous changes with short notice were embraced, and most importantly the health and safety of our Members, Staff and visitors was preserved. At times we ran with minimal staff, but we kept the facility running, so I thank Members for your understanding through these difficult times.

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Financially, we posted a net operating profit of $42,664. A solid result given that we expensed over $300k in relation to course enhancement work relating to the 19th Hole, 18th Hole, establishment of the 2nd Nursery and initial costs of the 13th Hole. We also welcomed 95 new Members to the Club throughout the year, before closing off Membership towards the end of 2021 to preserve tee times for Members. We are starting to see signs of pre covid normality in our booking sheets as people start to travel again so we will be keen to see what impact that has on course traffic and the ability to keep it at the standard we have come to expect.

I am proud of what we have achieved in the past two years, and this year especially with the commencement of the Course Enhancement Plan. It has been discussed for a long period of time and finally we were in a strong financial position to proceed.

At this stage we are tracking better than budget and, if all goes to plan, we don’t expect to reach the anticipated $2 Million debt level. This would be a great achievement. This comes on the back of some great decisions made in terms of irrigation and synthetic turf. These items were paid in full for the entire project, and delivered to Adelaide ready for use.

This saved an enormous amount of waiting time due to world-wide shortages, plus significant price increases in irrigation, shipping costs, and potential exchange rate changes between the AUD and USD. We are extremely happy with the results from the first two

ABN 94 199 789 857

holes, 18 and 13, and have received a significant amount of positivity from Members, other Clubs and industry professionals. We look forward to the next hole, 14, commencing in mid-August.

This year we also introduced the Glenelg Golf Club Strategic Plan. This is something we have been working on for over two years, however the goal posts moved significantly through the Covid-19 period. Initially membership induction was key, however with the appetite returning for golf, we are in a fortunate position and are focussed on membership retention, adding value to membership and balancing the demand on the course. The Plan is set for the next four years, with the Course Enhancement being the number one priority.

Thanks to the wonderful level of donations towards the new Pavilion at the 10th tee, plans are well underway to move quickly on this project. Whilst the original images were a concept, we have taken feedback on board and will be meeting with donors and the architect to finalise a design.

We are certain that a Pavilion will be created that Members are extremely proud of and can utilise on a regular basis. Those donors will be formally recognised as the process continues. It is not too late to contribute. All donations are tax deductible, perfect timing for the end of financial year. Please see the administration team if you are interested. We hope to have the Pavilion completed early in the new year.

2021 saw the return of Pennant golf following a hiatus the previous year.

It was great to see the black and gold back out competing and dominating as we have become accustomed to. Great wins for our Pike Cup and Sharp Cup teams, whilst other grades fell agonisingly short of the trophies. Nevertheless, a great season and fantastic representation by all players in the Glenelg teams.

I thank my Committee for their hard work and dedication to the Club over the past two years. A Captain can only be as good as the team, and I undoubtably have always had their support and assistance at all times.

Each and every Staff Member is also to be congratulated, they have done an outstanding job through some testing periods. Be it course condition, food and beverage quality, or pro shop and admin services, they have all played an immense role to provide us enjoyment every day we visit the golf club. Thank you.

first time in the history of Glenelg Golf Club, and in fact all tier one golf clubs in Adelaide, a female will be Captain of the Club. We are proud of this fact and hope this paves the way for other Clubs to follow suit.

Imelda has done an outstanding job on our committee for 4 years and will be a fabulous leader of our Club.

Once again, I would like to thank the Members for your ongoing support of our Club, and for your patience and understanding through unprecedented times. It is you that make Glenelg a great Club and one that I look forward to sharing many more wonderful memories with my family and all of you for many years to come.

Greg Rundle Captain

I now pass the baton over to my Vice-Captain Imelda Lynch. For the

New 13th green after enhancement upgrades.

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FINANCE The Club reported an operating profit of $42,664 for the period ended March 31 2022. Total equity increased to $11,578,806. The Club’s cash position increased by $299,239, with $1,216,630 available at period end. Cash flow generated from operating activities was used to fund the Club’s capital expenditure programs for the year, including the extensive course enhancement work. Total net income for the period was $4,026,105, with total expenditure for the year at $3,983,441.

The loan facility remains at $2,200,000 with $5,000 drawn down at balance date. The Club entered into new lease agreements for Toro course equipment and also for 22 Golf Carts.

Capital expenditure for the year was $808,646. The main project undertaken for the year was the course enhancement work including the finalisation of the nursery, 19th and 18th holes during the financial year. The project manager wages, and the irrigation costs associated with these projects equated to majority of the capital expenditure for the year. The course added a

trencher, track loader, woodchipper and tipper truck during the year.

The range netting was upgraded to increase the width of the netting thus improving the safety to persons on the 1st tee. The clubhouse saw a number of small upgrades, including upgrades to the security system, CCTV and the air conditioner in the men’s locker room. Typical capital replacement was undertaken for administration, including the upgrade of a few of the older PC’s.

The kitchen was refurbished as well as the dining room chairs.

During the financial year, the Club expensed over $300,000 related to the course enhancement project which excludes additional wages to service the additional work required and also costs associated with project manager wages and irrigation that were capitalised. The principal enhancements covered by this amount were construction of the 2nd nursery, 19th hole, 18th hole & the beginning of the 13th hole. The Club reduced unit costs by prepaying for the irrigation during the year that will be used over the duration of the course enhancement. Any unused irrigation as at the 31st of March 2022 is presented as capital work in progress to be used in later years.

Course expenditure for the year was

$467,684 higher than the prior year due to higher staffing levels to service the course enhancement and other costs directly related to the enhancement.

Golf is booming and the 2021/22 year saw the creation of a waitlist for the first time in years. A very positive sign for the financial sustainability of the golf club for years to come. Membership income continued to positively increase on prior years, with $3,264,237 reported for the period. Subscription income increasing 15% over the prior period, driven by the strong interest from new Members joining the Club. A total of $451,509 was invoiced for Entrance Fees in 2021/2022, after the adjustments were applied to comply with AASB 15 relating to Entrance Fee reporting, the reportable amount for the year was $199,807, with an increase of $451,509 to the Liability account to be recognised as income over future years.

Golf Operations finished with a surplus of $228,078. Golf Operations revenue was impacted heavily due to COVID-19 in the prior year, and the reintroduction of corporate golf and the opening of the borders in December 2021 saw

2021 Club Championships Photo: Sam Hughes

6 Glenelg Golf Club Incorporated

ABN 94 199 789 857

New retaining wall by the 18th hole.

an increase of interstate visitors and member guests, in turn increasing green fee revenue by $107,155 compared to the prior year. Cart hire followed suit, increasing by $40,581 compared to the 2020/21 year.

Hospitality operations were slowly restored finishing with a surplus of $294,405, a significant increase of $302,720 on the prior year. A pleasing result following a difficult prior year due to the COVID-19 pandemic which significantly impacted operations, forcing the closure of the Clubhouse for part of the year. The functions business was somewhat impacted for a large part of the year, with confidence around changing capacity levels and border restrictions meaning that functions were deferred, as the level of certainty increased this part of operations began to build back up. Function revenue equated to 39% of total revenue for hospitality operations which is up 5% over the prior period.

Other income finished with a surplus of $239,385 which includes forfeited catering levies, phone tower rental income & apprentice wage subsidies. Other income reduced by $597,859 as a result of COVID-19 support payments

received through the ATO totalling $671,500 in the prior year.

Expenditure for the year in Administration saw an increase of $95,106 as a result of the payroll tax waiver in the prior year, industry wide increase in insurance costs and computer maintenance expenses associated with the server. House expenditure finished $35,574 below last year, with the with the opportunity to repaint and rejuvenate the interior of the Clubhouse being undertaken during the closure in the prior year.

As we conclude the 2021/22 financial year with a healthy waitlist, the first completed hole on the course enhancement plan and a few tough years of COVID-19 impacted operations behind us, the Club is in an excellent financial position as we head into the new year.

COURSE & MAINTENANCE The last year has seen the Course Maintenance Team embark on the implementation of the Course Enhancement Plan. After many years of planning, we are now able to address the maintenance issues

that we have been contending with over several years, such as the irrigation system, greens surfaces, bunkering, rough management, and golfer traffic. For some time, these issues have been a drain on Course resources and limiting our ability to present it to its fullest potential. It’s an exciting time for the Club and our Course Staff have taken the task on with great enthusiasm.

Works commenced on the 19th Hole early in the year to make modifications, to sustain increased use through the duration of the Course Enhancement Works. The Tee area was expanded, as well as reworking of the Greenside bunkering with artificial turf utilised in their construction. As well as these modifications, the carry was landscaped and naturalised in conjunction with the reworking of the fairway bunkering on the 6th.

Enhancement works were also started on the 8th to facilitate the installation of two new irrigation storage tanks. These two tanks will enable a high level of water security through the running of our nightly irrigation cycles, minimising the risk of running out of water if our bores are compromised whilst irrigation is occurring. Mounding was completed to screen the tanks

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using soil fill from our new Greens nursery site that was constructed on the south side of the 2nd. The Greens nursery construction on the 2nd gives us a further 1600 square meters of Bent grass for our Greens resurfacing process.

In November, the Course Enhancement Plan works commenced on the 18th with the Hole opening in the first week of March. With this hole under our belt, work began on 13 and with many lessons learnt through the early stages of the project, the construction works on 13 have progressed well.

Throughout the year with Course Enhancement Works being undertaken, staff continued to maintain the Course to a high standard. At our Couch surface renovations in December, we employed a new machine for scarifying fairways in the Field Topmaker equipped with a scarifying bar. There are several benefits in using this machine, with the key ones being the aggressive removal of thatch and the reduction of Poa annua population and its seed bed just below the surface.

Fairways 9, 10, 15 and 17 were scarified as part of a programmed, staged approach to progress through the fairways. As it was our first year of undertaking this process, various depths were trialled to see how much material could be taken versus the recovery time.

With a more aggressive approach taken with 15 and 17 leading to longer recovery times, a middle ground will be sort going into the future to ensure quicker recovery times without compromising the aim of this program.

Biodiversity and Vegetation This year we received a Green Adelaide Grassroots Grant of $94,000 (ex GST). The project, entitled Establishing a plant preservation partnership and creating habitat connectivity on Adelaide’s sand dune golf courses, aims to create habitat corridors between the four group one sand belt golf courses in Adelaide.

This project will connect over 250 hectares of land - a larger land space than the recently established 208-hectare Glenthorne National

Park. We will also swap seeds and plant material between courses to create back up plant populations.

These plant populations on each other’s courses will secure seedstock and plant material for our projects and preserve and protect the plants for future generations.

Former Minister for the Environment, the Hon. David Speirs MP, visited the course to learn more about the project. Mr Speirs released a video on social media about our Club being a national leader in sustainability and showing great leadership in Australia and around the world.

We have also been working with Green Adelaide to: •

create habitat for and rewild an extinct butterfly, the Yellowish Sedge Skipper

•

support Adelaide’s first insect survey

•

support bat surveys University of Adelaide

•

plant and conserve for future seed collection a rare plant grown by the Seed Conservation Centre at the Adelaide Botanic Garden.

by

This year volunteers contributed over 480 hours of time helping out around the course Photo: Monina Gilbey

8 Glenelg Golf Club Incorporated

ABN 94 199 789 857

Greenkeeper Cooper Harrison in the 9th greenside bunker Photo: Monina Gilbey

Our Club’s environmental programs have been featured in Turfgrass Magazine and a Golf Australia article. We were invited to attend an Office of Recreation, Sport and Racing (ORSR) conference to participate in a discussion panel on Clubs of the Future and we were featured on their website as a Club of the Future.

On ground works during the year included planting out of Course Enhancement Work areas on the 2nd, 19th, and 8th holes along with the general program of tidying up overgrown and weedy areas, raising of Pine tree canopies and Casuarina “suckering” control.

Volunteers This year, our loyal band of volunteers have contributed over 480 hours of work. They have assisted with emptying rubbish bins and filling sand bins; sanding and staining course furniture; removing weedy plant species; raking scarifyings during renovations; and raking of pine needles and pinecones.

Their efforts are genuinely appreciated.

As our Course Enhancement Works continue

over the next four years, any assistance from our Members will be welcomed.

Social Media Our following continued to grow this year. Some of our posts reached over 1,000 accounts. We posted 147 photos, some of which were reposted by Green Adelaide, as well as internationally by the GEO Foundation, Turf Today and the Real Turf Crew. The former Minister for the Environment, the Office of Recreation, Sport and Racing and Golf Australia have posted about our environmental work on social media.

Our social media accounts help us to promote our projects and our Club within Australia and around the world.

I commend the Course Staff for their work and dedication through a very busy and successful year.

The last twelve months has seen advances in infrastructure to improve efficiencies, upskilling of staff and refinements in our turf management practices that continue to see our standard of

presentation maintained at the highest possible level.

The Glenelg Golf Course Maintenance team’s work in these areas, as well as our work in promoting our environmental sustainability initiatives, have been acknowledged both on a national and international level and we look forward to another year of positive achievement.

CLUBHOUSE, FOOD & BEVERAGE Our food and beverage operations swung back to life, post 2020 Covid restrictions. With Members unable to travel reliably, continuing to work from home and membership full, the course was running at capacity and all golfers enjoyed spending more time at the Club. For the first time ever, the Club started offering the drinks cart 5 days a week along with public holidays to keep up with Member demand.

When borders opened in December our hospitality team was faced with a new problem not seen during the

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pandemic. Continual shortages due to the Covid close contact restrictions resulted in many of the team unable to attend work for several weeks. We were fortunate enough to have several of the senior and casual staff step up and fill the shortages, even the office staff joined the team on busy day's just to get by.

The wedding industry continued to be hit hard with couples still hesitant to book or booking with longer than usual lead times. Our Sales and Event Manager, Lynn Kschammer and her team did an amazing job during the year with limited bookings and managed to win for the first time, the Clubs SA Awards of Excellence – Best Function/ Event Venue. Also rounding out another success, Glenelg featured as runner-up in the ABIA Designer of Dreams National Awards, coming in behind The Club at Parkwood (Gold Coast).

Function bookings started off strongly from April to December with Covid largely being contained to other states, business return to normal and conference bookings began to grow. Shortly after borders opened in December, customer confidence began to fade as a raft of covid restrictions followed, with functions, conferences and weddings continually being plagued and turning from on-again to offagain that continued until March 2022.

General bar and bistro operations generated $1,607,318 in revenue for the 2021/2022 period, with function operations generating $1,018,842.

After expenses are accounted for, the net profit for the period was $294,405.

Despite the numerous restrictions and staff shortages, we managed to host several successful Club events during the year. Mother’s Day was a sell-out event as Members and their families enjoyed a fabulous threecourse menu. Our popular Winery Challenge saw a total of 200 wine loving Members and guests across both AM and PM rounds, followed by lunch and dinner service. The Junior Foundation Day was a sell-out with yet another fantastic day with weather to match, and we were able to utilise our balcony and stunning views for lunch. Our annual Blitz Golf event was the first casualty of the borders opening in December with the event being cancelled one week before hosting as covid cases climbed across the state.

We held two Winery Lunch experiences for Members this year. Our first event in May 2021, renowned wine maker, Alistair Ashmead of Elderton Wines, led over 160 Members through a delicious five course menu paired with nine wines. Our second event in March 2022 was hosted by Sarah Marquis, owner and winemaker of Molly Dooker Wines. Sarah entertained 75 Members, incluiding 15 interstate guests from our reciprocal club 13th Beach. Both events were well received with special thanks going to Head Chef, David Bridgman and his team for continually pairing amazing food with the wines presented on the days.

In a new event for the Members, the Club hosted a Lazy Sunday Afternoon featuring local rock legends, The Rejuvenators. While covid restrictions at the time prevented dancing, it couldn’t stop the event becoming a sell out and left Members jiving in their chairs instead.

By the end of the year, our hospitality operations have started to exceed pre-covid levels with twilight golf becoming the weekly feature for Members to attend the Club. A special thanks to our entire hospitality team who endured record numbers during a time of staff shortages and continual changes. We are confident that the culture we have built and the service we offer that Glenelg will remain a venue of choice for Members and guests well into the future.

MEMBERSHIP & GOLF The Membership year commencing April 2021 saw the return of the waitlist at Glenelg for the first time in over 15 years. With the influx of Members welcomed in the 2020/21 year, the waiting list for all membership categories was soon introduced in September.

Covid trends from 2020/21 lingered as Members continue to work from home and quarantine restrictions meant anyone travelling was at risk of an extended home lockdown.

Across the varying membership

FUNCTION NUMBERS Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

2021/22

2020/21

Weddings

3

1

0

0

1

1

2

2

1

3

1

2

17

16

Functions

6

14

6

4

6

10

12

11

23

1

3

7

103

59

Conferences

11

19

21

2

12

13

4

19

9

0

5

16

131

96

Golf Days

5

4

1

0

3

1

4

4

1

1

1

2

27

31

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ABN 94 199 789 857

categories, we welcomed 95 new Members and added 68 to our waitlist.

Guests enjoyed golf, dining and live music through the Clubhouse.

Key membership statistics: •

Average age of all new Members was 40 compared to the average age of all Members 55

•

32% of all new Members under the age of 30

•

72% of Women’s Try Golf participants upgraded to traditional membership

With the easing of most covid restrictions on the golf course, we were able to bring back rakes into bunkers, share a cart and remove the pool noodles from the holes. Along with the easing of restrictions meant we saw the return of interstate travellers again and inline the membership demand, we moved Wednesday golf bookings to Members only to offer the same exclusivity as a Saturday. The feedback from the change was well received along with the introduction of the two-tee start to maximise Member tee times.

Pennant Golf resumed again as our Simpson Cup team looked to win the flag again for the 5th year in a row, unfortunately the inform Vines of Reynella defeated the team at Kooyonga in the semi-finals. Also suffering a similar fate was our Sanderson Cup team, going down narrowly in the grand final against Kooyonga. Our Sharp Cup team managed to defeat our long-time rivals (The Grange) on the coldest day of the year at Blackwood, with the boys winning 4-1. Pike Cup were also victorious giving Glenelg another two flags for the season.

The regular competition calendar resumed with huge popularity found across all Member events including: The Foundation Day, Winery Challenge and in particular the Pairs & Partner events as Members enjoyed the public holidays with family and friends.

Twilight golf returned again with the social outing really showcasing why we are one of the best Clubs in Adelaide as every week, over 100 Members and

OUR PEOPLE At the 93rd AGM on Thursday 24th June 2021 Returning Officer, Peter Norman declared the results of the election for Committee. It was advised that Paul Gander and Ben Winton were elected to the Committee of Management for a term of three years.

The 18th hole was the first to receive enhancments.

Helen McMutrie was also reappointed as President for a further three year term and Chris Whitford was reappointed as Vice President for a one year term.

In December 2021, Sid Kookana stepped down from the Committee of Management and Anna Standish was appointed as a Casual Vacancy in January 2022.

Women's Sub Committee The Women’s Sub-Committee of Meg Woods, Women’s President Chris Croucher, Women’s Vice-President Cathy Molloy, Women’s Captain Fiona Eblen, Women’s Vice-Captain Jo Ricourt provided an action packed golf and social program for the Club’s women golfers.

Adam & Tony Vonthethoff won the 2021 Tuohy Trophy

Volunteers We are fortunate to have a Club full of members who happily give their time and energy to undertake a myriad of tasks for the Club. Volunteers have been found managing pennant teams, refereeing, collecting pine cones and other course maintenance, gardening, coaching, marshalling, polishing trophies and not to mention all the wonderful parents that help out throughout the whole pennant season and Junior Foundation Days. Our thanks go to all those who generously supported the Club in 2021.

Our team, led by General Manager Robert Vincekovic, continued to deliver on Member service and expectations throughout the year. Now entering his third year as General Manager, Robert’s guidance and knowledge

Max Dale Trophy winner, Sandy Small with runner up, Greg Cox

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Glenelg Golf Club (Pinehill at Glenelg) is honoured to be awarded Clubs SA - Best Function/Event Venue 2021

of the golf industry is starting to provide the stability and decision making to the Committee of Management that has been lacking in recent years. Robert along with the Committee of Management have been busy putting together a 4 year Course Enhancement Plan along with the Clubs Strategic Plan, securing our Club’s Financial and Environmentally Sustainable future.

The Hospitality Team The hospitality team stepped up and enjoyed one of the busiest seasons as golf continues to boom and record numbers of Members and Guest enjoyed the Club and our wonderful facilities. Despite the ever-changing circumstances and the wave of close contact rules that followed the borders opening in December, the team came together and covered shifts where required, while continuing to provide an excellent service. We farewelled Hospitality Manager, Dani Caruso after just over a year in her position and welcome Anna Fontaine into the new role. Anna joins us from Adelaide Show Grounds Events and formerly the Clubhouse Operations Manager at Kooyonga. We also farewelled some loved senior and casual staff members Michelle Siebert, Indiana Meares and Morgan Patterson who finished their studies and gone on to take roles in their chosen fields. Our Sales and Events Manager, Lynn Kschammer continues to oversee our award winning function service with another year of on-again, off-again events caused by covid restrictions and close contact rules. Lynn continues to maintain her optimism and professionalism as restriction ease in 2022. In the Kitchen, Sous Chef, Zak Krajcek was farewelled as he pursued his dream role as a Head Chef in Norwood. Head Chef, David Bridgman led the team through yet another busy year of functions and several booked out Member events.

Joining the kitchen team was Scott Muller who replaced Zak Kranjec as Sous Chef in January.

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Admin Team 2021 saw several changes beginning with the departure of our beloved Finance Manger of 18 years, Carly Clough. Carly has been with us since November 2003 having started as an Accountant here at the Club. She has seen the business grow in her time and she leaves the Club and finances in a better place than we she started in her role. Carly has led the Finance and Administration team through many changes, including multiple General Managers in the past few years.

She regularly stepped up to do whatever was required to keep the Club operating smoothly, including stints as Acting General Manager on a number of occasions.

a youthful burst of energy to start of the year and we look forward to seeing the team continue to grow and thrive under the guide of General Manager, Robert Vincekovic.

Course Team

The Club welcomed Emma Twartz as the new Finance Manger and joined us from her previous role as the Finance Manager at Kooyonga Golf Club.

Our course maintenance staff have been super stars this year, not only have they been able to present top class playing surfaces in a year with where playing numbers have been at record levels and close contact rules have caused staff shortages, the team also embarked on the first stage of the Course Enhancement Plan. Led by Superintendent Tim Warren and Project Manager, Ryan Van der Veen, the team have put in a massive amount of work to keep our wonderful course at its best while also completing works on the 19th Hole, 2nd Hole nursery, 8th Hole tanks, carry and mounding, completion of the 18th Hole and breaking ground on the 13th.

In continuing changes to the admin team, both James Lorenz and Matt Stone departed at the end of 2021, with James Lorenz and his partner moving to Melbourne to embark on new adventures in marketing and graphic design and Matt also relocating to the Adelaide Hills with his partner and pursuing a passion in Real Estate.

This year has seen a settling of staff movements. We now have a great team with a wide range of skills and experience. The Club has invested in our Vegetation Management Team through the employment of Harry Morbey as our Conservation and Ecosystem Management Apprentice and a new Horticulturalist from Royal Sydney Golf Club, Ben Rolton.

The Club also welcomed Kane Hyams replacing Matt Stone and Jacob Rathjen replacing James Lorenz. Together the new Administration team has provided

Apprentice Greenkeeper Ethan Pfitzner joined the team in early February.

Jamie Gibson, who completed his Turf Management Apprenticeship early in the year

ABN 94 199 789 857

was offered a full-time qualified position on staff. We were all very excited that Jamie was awarded the South Australian AFL Sportsready Apprentice of the Year.

Pro Shop Our Pro Shop and Golf Operations Team, led by Shane Robinson, had one of the busiest years on record, with Members and guests returning to golf post Covid restrictions. The team welcomed new PGA Associate, Ryan Reavley. Formerly a top-class footballer and electrician, Ryan will add another professional layer to the services offered by our Golf Operations Team.

The coaching staff continue to shine in the golfing industry with several of the team being nominated for awards at the Golf SA awards night.

Head Teaching Professional, Sarah King took home SA PGA Coach of the Year – Game Development as well as MyGolf Deliverer of the Year. While Gareth Jones won SA PGA Coach of the Year – High Performance, for his outstanding achievement with the Japan Nation Team and several world class amateur and professional golfers.

The Club will miss Sarah for the next several months as she steps away to be an expecting mother and we can’t wait to see her return with her little bundle of joy.

PGA member Braeden Kelly will enjoy the opportunity to step into Sarah’s role and will continue her great work with the most successful Women’s Try Golf program in South Australia, while continuing to work closely with his existing clients. Braeden has also had the opportunity to work with Adrian Wickstein in guiding the Men’s Interstate Team to victory in the recent Australian Interstate Series.

50 Year Club The annual 50 Year Club Luncheon was held in November. Along with previous long serving Members, new inductees to the 50 Year Club were Rod Fiske, Maurice Hiern, John Stone, John Rawson and Brian Cahill.

Sadly, we lost a number of longtime Members during the year. Most notably were John Dibben OAM aged 93 and a Member of 65 years and Geoff Gitsham a Member of 61 years, Club Captain 1986-87 and Club President 2009-14.

Other long time Members who passed were; Margaret Gordon (Member for 17 years) and John Muller (Honorary Member for 45 years)

Members to the level we have preCOVID. Members are encouraged to support Foundation projects through ongoing fundraising initiatives and other activities. This will ensure we can continue to provide our junior Members with the best development programs in Australia and develop and improve our infrastructure and facilities.

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

The annual Foundation Golf Day was held in December 2021, our major fundraising event for the year. The support of our generous Members and Club partners resulted in $42,526 being raised, an exceptional result and a $8,097 increase on last year.

In January 2022, our golf operations team ran another successful Junior Development Golf Day, with coaching and golf followed by a casual BBQ in the Clubhouse with parents and friends. Total funds raised by the Foundation during 2021/2022 was $49,066.

The Foundation supported our Junior Members by contributing $14,485 towards tournament entry fees, individual lessons, Junior Tigers and high-performance clinics.

Unfortunately, COVID-19 related disruptions over the past couple of years has seen a significant reduction and almost inexistent level of golf events to support our juniors. With these disruptions mostly behind us, and junior golf events buzzing once again, this presents greater opportunity to support our junior

Photo: Monina Gilbey

Photo: Monina Gilbey

Photo: Monina Gilbey

2021/22 Annual Report

13

Glenelg Golf Club

FOUNDATION Building a stronger Club for future generations

JUNIOR GOLF & ELITE PLAYER DEVELOPMENT FUND ACTIVITIES The 2021 Junior Development day was once again strongly supported with 26 juniors taking part

Opening Balance

2021/22

2020/21

$109,579

$87,824

INCOME Saturday Competition donations Raffles Member donations Foundation Golf Day Miscellaneous TOTAL INCOME

$5,696

$5,163

$565

$6,342

$1,369

$112

$42,526

$22,699

$-

$113

$50,156

$34,429

$1,091

$2,418

$13,294

$8,793

$-

$1,154

EXPENDITURE Junior Development Golf Day Individual Junior lessons Junior Tiger Golf Travel Expenses Entry Costs TOTAL EXPENDITURE The 2021 Boys Junior Club Championship was won

by Harry Leaf-Milham & Runner-up Fletch Ryan

Junior & Tiger Members

JUNIOR GOLF & ELITE PLAYER DEVELOPMENT FUND BALANCE:

$144,161 as at 31 March 2022

INFRASTRUCTURE DEVELOPMENT FUND BALANCE:

$8,674 Zoe Manton won the 2021 Girls Club Junior Championship

14 Glenelg Golf Club Incorporated

as at 31 March 2022

ABN 94 199 789 857

$-

$-

$1,190

$309

$15,575

$12,674

67

57

HERITAGE FUND SUMMARY OF ACTIVITIES Opening balance:.................................................$213,981 Interest earned:............................................................$66

HERITAGE FUND BALANCE:

$214,047 as at 31 March 2022

HERITAGE FUND MEMBERS Securing the Club for Members both now and in the future.

1927 Founders’ Society Sapphire Member

Heritage Society Members

OWEN BURGAN (2012)

JOHN MADDERN AM (2013)

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

50 YEAR CLUB 50 YEAR CLUB

Glenelg Golf Club has a rich tradition and history, much of which derives from the support and loyalty of our members. We believe it is important to recognise our long-standing members who have given so much to our Club over the many years of their membership.

Below is a list of current members who have been with Glenelg Golf Club for over 50 years. We thank them for their ongoing loyalty and support and welcome them into the “50 Year Club”.

70+

Donald Cant

Pauline Sanderson

Peter Steadman

60+

Modge Brown

Charles Harris

Margaret McCann

Geoff Chapple

David Jervis

Peter McDonald

Peter Drew

Alec Jordan

Steve McKee

Chris Ellis

David Lahiff

Jane Nelson

Rod Follett

David Lindsay

David Tamblyn

Geoff Hallion

Bernie Manser

Jan Wheatley

Richard Bowering

Prue Henschke

Phillip Silver

Chris Whitford

Brian Cahill

Maurice Hiern

John Stone

Dennis Whitford

Geoffrey Cook

Wayne Humphries

William Strangways

Jan Dale-Harris

Rod McMutrie

Cathy Symons

Mike Dobson

Terry O’Brien

Gary Taplin

Rod Fiske

John Rawson

Gary Thompson

Bill Fuller

Bevan Roberts

Sue Tuohy

Brenton Green

Marg Roberts

Graham Webster

50+

Noel Taplin

2021/22 Annual Report

15

MEMBERSHIP STATUS For the year ending 31 March 2022

Category

Male

Female

2021/22

Life

1

1

2

Full

270

37

Full Paid

24

Company

2019

2018

2017

2

2

3

3

307

302

302

325

351

0

24

24

25

26

26

46

8

54

54

53

54

53

Provisional

107

16

123

100

105

96

100

Intermediate

79

6

85

67

26

28

22

Six Day

120

36

156

128

108

105

87

Weekday

139

56

195

166

139

158

166

Junior

33

11

44

41

34

41

52

Country

24

4

28

28

36

42

59

Corporate

36

0

36

40

23

31

38

Casual

69

4

73

69

23

27

25

Introductory

0

0

0

0

1

6

10

Women's Try Golf

0

68

68

77

31

27

28

Twilight

0

0

0

5

15

18

17

Social

0

0

0

5

12

14

17

Pinehill

0

0

0

16

35

43

48

PGA Member

6

0

6

8

8

8

3

Honorary

12

0

12

13

16

17

18

1

2

3

0

0

1

1

The Bay Experience

2

0

2

63

91

47

2

Tiger Cubs

18

5

23

16

16

13

7

Other*

222

48

270

257

237

250

259

TOTAL

1209

302

1511

1481

1350

1380

1392

Social Honorary

2020

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

16 Glenelg Golf Club Incorporated

ABN 94 199 789 857

OFFICE BEARERS 1927-2022 Year

President

Captain

Vice-Captain

Year

President

Captain

Vice-Captain

1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974

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

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

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

1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

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

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

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

2021/22 Annual Report

17

COMMITTEE MEMBERS 1927-2022 Name Adair, M.S. Alderman, J.R. Allen, W.S.

Yrs 5 24 16

Name

Yrs

Name

Yrs

Name

Yrs

Goldsworthy, J.S.

2

Maunder, P.J.

3

Stanhope, B.H.

Grosvenor, P.J.

6

Mausolf, N.

6

Stevens, G.B.

5

1

Guy, G.R.

3

McCarter, L.

5

Stevens, R.F.

8

Ashton, E.C.

11

Guymer, Dr. A.H.

3

McCarthy, K.J.

6

Still, J.A.

4

Ashton, J.E.

16

Handford, J.E.O.

10

McFarlane, A.

3

Stone, J.C.F.

3

Harris, S.D.

12

McFarlane, K.B.

3

Summers, M.C.E.

1

McGlasson, A.

6

Symons, I.P.

Bagshaw, N.E.

11

20

Barton, D.N.

13

Hartford, B.B.

10

Bennett, R.B.

9

Hendry, J.M.

2

McGrath, P.R.

8

Thomas, V.M.

6

Bishop, W.P.

6

Hewett, L.P.

2

McKee, J.E.

5

Thompson, G.R.

4

Briscoe, P.C.A.

11

Hicks, F.G.

5

McKee, S.N.

12

Trabilsie, F.J.

7

Brooke, A.C.

6

Hill, J.

5

McLeay, G.

2

Truscott, R.W.

1

Brooks, I.R.

10

Hodgson, G.A.

13

McLuckie, R.

3

Turci, C.J.

4

Brooks, L.A.

1

Hodgson, J.W.

1

McMutrie, H.

6

Vivian, A.B.

5

Burgan, O.T.

3

Holt, W.B.

9

Merrett, A.F.

6

Waddy, J.L.

6

Butler, J.A.

11

Hull, S.C.

2

Morton, P.T.

23

Walsh, T.I.

6

Campbell, K.S.

3

Humphries, W.G.

5

Nelson, R.A.

2

Warburton, C.

9 21

Chamberlain, R.R.

1

Jackman, A.J.

2

Newton, R.

4

Watson, D.M.

Chapple, G.B.

3

Jackman, J.W.

1

Norman, P.J.

10

Watson, E.J.

Collins, F.G.

21

Jackman, S.

4

Nyland, K.

10

Weston, G.W.

3

Connelly, P.F.

3

Jarrad, B.

6

O’Brien, G.P.

6

Wheatley, J.A.

9

Crookall, K.C.

2

Johnson, A.C.M.

7

Omond, J.D.

21

Whitford, A.K.

12

Cudmore, D.C.

2

Johnson, N.J.

6

Palmer, J.S.

4

Whitford, C.R.

10

Dale, M.E.

9

Johnson, W.G.

2

Percival, S.T.P.

Darling, A.E.

12

Kenny, J.P.

Dignan, J.A.

1

Duregon, P.B. Ellers, L.G. English, R.J.

10

Ferris, B.T.

4

Flehr, B.E.

4

Lindsay, D.M.

8

Rawson, J.A.

11

Follett, R.M.

7

Lynch, I.C.

4

Rawson, K.A.

16

Foster, G.C.

1

Maddern, Dr. C.B.

Reade, T.C.

6

1

Winton, B.

2

1

Petherick, S.

3

Wood, C.M.

11

Kimber, A.W.

4

Phillips, D.W.

2

Wood, L.M.

4

8

Kookana, S.S.

4

Phillips, M.B.

14

Wood, W.C.

2

3

Koukourou, S.

8

Price, W.D.

Woolcott, E.S.

3

Lacey, E.H.

2

Pritchard, W.A.

2

Wright, H.F.

6

Lewis, F.A.

24

Ranaldo, J

3

Young, W.D.

2

1

1

Fox, G.M.

9

Maddern, J.P.

5

Roberts, B.M.

9

Frances, I.K.

2

Mahoney, W.J.

5

Royals, D.W.

3

Freeman, R.E.N.

3

Mallen, L.

3

Rundle, G.C.

9

Gander, P.M.

4

Manning, J.A.

7

Sando, H.H.

3

Giles, J.R.

10

Manser, B.J.

12

Sands, R.G.

3

Sauerbier, L.C.

3

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

1

3

Marshall, A.K.

1

1

Martin, A.J.

8

Skinner, L.P.

5

6

Martin, S.G.

2

Slade, H.T.

11

18 Glenelg Golf Club Incorporated

ABN 94 199 789 857

PERFORMANCES OF NOTE For the year ending 31 March 2022

2021 Sharp Cup & Pike Cup Pennant Team Sharp Cup Team: Fletch Ryan, Jackson Leonard, Noah Collison, Harry Leaf-Milham, Alex Manton & Team Managers, Dan Leonard & Haydn Ryan.

Glenelg defeated The Grange to win the Sharp Cup Final, four matches to one.

Jack Buchanan, 20, Intermediate Member The 2021/22 season saw one of our biggest up and coming stars, Jack Buchanan rise to the top on a National level. Jack, now with several years of tutelage from our own Adrian Wickstein has been rewarded with several top 10 performances this year including Captaining the Winning Interstate series team, undefeated!

• • • • • • • • •

Glenelg wins the Sharp Cup Final

Riversdale Cup tied 5th South Australian Amatuer 4th (2021) Port Phillip Open 4th Keperra Bowl tied 6th Victoraian Amateur 2nd South Australian Amatuer 2nd (2022) Australian Men's Amatuer 2nd National Order of Merit - Winner South Austrlian Men's Vardon Trophy - Winner

Keep an eye out for Jack as he heads to the UK to play in the Scottish Amatuer Open.

Jack Buchanan

Sarah King, SA PGA Coach of the Year - Game Development & MyGolf Since becoming a Full Vocational Member in 2019, Sarah has had a focus on growing the game not only for Glenelg, but for the whole state.

In the past year Sarah has delivered: • • •

More than 200 MyGolf junior clinics Managed the Women's Try Golf Program with 80-100 participants Head of the Pennant Coaching program and Junior Foundation Coaching program

Sarah has now earned some valued time off as she prepares to be a new Mum in the coming month.

Other Performances of Note SA Primary School Golf State Final, Winner: Jackson Leonard SA Aboriginal Championship, Winner: Noah Collison SA 15/U Championship, Winner: Kade Byrant (back to back) SA Interstate Series: Jack Buchanan (Captain, undefeated) Golf SA High Performance: Jack Buchanan & Kade Bryant SA PGA Coach of the Year, High Performance: Gareth Jones

Sarah King - SA PGA Coach of the Year, Game Development & MyGolf Deliverer of the Year

2021/22 Annual Report

19

CLUB CHAMPIONSHIPS & CLUB TROPHY WINNERS For the year ending 31 March 2022

Event

Winner

Runner Up

Men’s Club Championship

Nathan Uebergang

Henry Duregon

Women’s Club Championship

Jill Hodge

Jo Rawson

RF Stevens Trophy

Kade Bryant

Jack Buchanan

Men’s B Grade Championship

Mack Grigson-Gair

Peter Gebhardt

Men’s C Grade Championship

Adam Rice

John Morrissy

Women’s B Grade Championship

Jane Nelson

Helen Mesnil

Women’s C Grade Championship

June Donnithorne

Heather Bedson

Men’s A Grade Plate

Bjorn Pederson

Nick Eblen

Men’s B Grade Plate

Neil Gehling

Simon Knapp

Men’s C Grade Plate

Mark Footner

Mark Ruwoldt

Boys’ Club Championship

Harry Leaf-Milham

Fletcher Ryan

Girls’ Club Championship

Zoe Manton

Bec Hardy

Men’s Senior Championship

Sandy Small

Greg Cox

Jimmy McLachlan Memorial Trophy

Jack Buchanan

Connor Chant

Men’s Foursomes Championship

Nathan Uebergang & Matt Uebergang

Jack Buchanan & Sam Raschella

Women’s Foursomes Championship

Jill Hodge & Jan Dale Harris

Jayne Staridas & Kay Nyland

Men’s A Grade Foursomes

Nathan Uebergang & Matt Uebergang

Jack Buchanan & Sam Raschella

Men’s B Grade Foursomes

Brett Hicks & Grant Whellum

Glenn Sterrey & Gary Thompson

Men’s C Grade Foursomes

Hamish Appleyard & Gab Banyai

Bevan Roberts & Fred Vaskas

Women’s B Grade Foursome

Helen McMutrie & Helen Mesnil

Barbara Deed & Peggy Lau-Flux

Women’s C Grade Foursome

Christina Larsen & Libby Neuling

Ros Osborn & Margaret Whelan

Mixed Foursomes Championship

Ben Chinner & Eliza Baker

Martin Ardill & Rebecca Hughes

Brian Ferris Memorial Trophy

Harry Burner

Frank Vucic

Eric Scovell Junior Vardon Trophy

Kade Bryant

Charlie Nobbs

Glenelg Women’s Vardon

Amelia Whinney

Raegan Denton

Owen Whitford Trophy

Alex Martinson & Sarah Russel

Geoff & Jenny Watson

Lance Begg Trophy

Gary Jackson & Sue Smallacombe

…

Winter Pinehurst Foursomes Trophy Mark Nunn & Alf Ianniello

….

Burgandy Trophy

Sharon Broadbent & Joanie Connell

---

Don Harris Memorial Trophy

Max Stuart & Hamish Gordon

---

20 Glenelg Golf Club Incorporated

ABN 94 199 789 857

Men’s Event

Winner

Men’s Event

Winner

Governor’s Cup

Terrence Battje

Glenelg Trophy (Juniors)

Fletch Ryan

Senior Cup

David Holst

Boys’ Handicap Matchplay Noah Collison

Anzac Memorial Trophy

Greg Kendall

Rawson Memorial

Troy Perriam

Captain’s Trophy

Grant Cullen

Don Watson Memorial

Michael Panno

President’s Trophy

Grant Cullen & Wayne Inglis

Frank Collins Memorial

Rob Inglis

Glenelg Trophy

Glenn Skelly

AH Smerdon Memorial

Darryl Bailey

Sam Percival Trophy

Matt Wake

Steve McKee Memorial

Ron Heald

Milo Sprod Trophy

Rob Schmidt

Summer Cup

Nick Eblen

Reg Sands Starter’s Trophy

Andrew Knott

FA Lewis Memorial

Darryl Pelham

Norm Omond Medals

A Grade:David Marshall

Harold Wright Memorial

James Mattsson

B Grade:Christopher Duguid

Brian Bashford Memorial

Greg Bennett

C Grade: Ian Daebeler

Joe Ashton Trophy

Graham Shreeve

Women’s Event

Winner

Women’s Event

Winner

President’s Foursomes

Jill Hodge & Deb Loveday

Ella Cole Trophy

Bec Hardy

Captain’s Trophy

Catherine Darling

Consistency Cup

Sue Smallacombe

Laurel Wreath

Louise Pike

Veterans’ Handicap Net

Joanie Connell

International Bowl - Silver

Jan Dale-Harris

Veterans’ Handicap Gross

Jill Hodge

International Bowl - Bronze Lisa Harvey

Essex Stroke - Silver

Jill Hodge

Shane Robinson Trophy

Julie Gobbie

Essex Stroke - Bronze

Patricia Aitken

Club Medal 1

Jill McDonald

Most Improved Handicap

Julie Gobbie

Club Medal 2

Patricia Crowhurst

Jacka Trophy

Kay Nyland

Wallace Stroke

Louise Pike

Parfection Prize

Louise Pike

Anne Smerdon Trophy

Amelia Whinney

Hole-in-One Austin Tremaine - 3rd

Jennifer Carlaw - 11th

Neville Betts - 3rd

Emma Cole - 16th

Brad Stephens - 14th

Rob Rawson - 16th

John McRae - 11th

John Wainwright - 16th

Darcy Fogarty - 12th

Ros Osborn - 11th

Josh Fitzpatrick - 3rd

Robert Ashby - 16th

Michael Munn - 16th

Michael Noble - 19th

Phil Miller - 19th

Greg Schell - 11th

Tom Conner - 16th

Daniel Wohling - 16th

Ian Scriven - 14th

Paul Wheeler - 11th

Jenny Jose - 16th

Annette Rieniets - 14th

Dean Rosenhain - 14th

Sandy Small1 - 14th

Julie Downs - 16th

Mark Hall - 19th

Andrew Fielke - 16th

Ismail Motala - 14th

2021/22 Annual Report

21

2021/22

Financial Reports

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

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2022 Note NET INCOME Membership Subscriptions Entrance Fees Infrastructure Levy Bag & Buggy Storage Locker Fees Golf Operations Competition Fees Green Fees Cart Hire Affiliation Fees Trophies Professional Retainer (Pro Shop) Professional Retainer (Golf Operations) Professional Service Fees / Commissions Depreciation Other Golf Operations Expenses

Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

2,618,759 199,807 355,327 80,075 10,269 3,264,237

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

2,618,759 199,807 355,327 80,075 10,269 3,264,237

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

82,078 403,588 148,075 (8,969) (70,641) (56,832) (87,078) (102,908) (49,962) (29,273) 228,078

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

82,078 403,588 148,075 (8,969) (70,641) (56,832) (87,078) (102,908) (49,962) (29,273) 228,078

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

1,249,298 (482,353) 766,945 1,376,862 (530,749) 846,113

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

1,249,298 (482,353) 766,945 1,376,862 (530,749) 846,113

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

(1,163,212) (129,210) (26,231) 294,405

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

(1,163,212) (129,210) (26,231) 294,405

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

69,380 494 68,506 70,845 30,160 239,385

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

69,380 494 68,506 70,845 30,160 239,385

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

4,026,105

3,769,879

4,026,105

3,769,879

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

Salaries and Associated Costs Other Expenses Depreciation

Other Income Catering Levy forfeited

Interest Received Phone Tower Miscellaneous Government Support Payments

TOTAL NET INCOME

1(n)

2021/22 Annual Report The accompanying notes form part of these accounts

23

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2022 Note EXPENDITURE Administration and Support Services Salaries and Associated Costs Audit Fees Marketing & Communications Depreciation Finance Costs Bank Charges & Merchant Fees Insurance Postage, Printing and Stationery Telephone Council Rates Legal and Consulting Travel and Accommodation Computer Consumables and Maintenance Other Administration Expenses

Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

621,343 11,401 34,806 51,321 4,899 40,988 45,151 14,578 13,522 53,780 4,181 111,603 132,067 1,139,640

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

621,343 11,401 34,806 51,321 4,899 40,988 45,151 14,578 13,522 53,780 4,181 111,603 132,067 1,139,640

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

1,069,836 298,961 70,060 329,469 22,941 19,825 131,968 20,477 75,605 328,891 2,368,033

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

1,069,836 298,961 70,060 329,469 22,941 19,825 131,968 20,477 75,605 328,891 2,368,033

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

10,182 60,121 77,863 89,136 53,734 214,005 505,041

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

10,182 60,121 77,863 89,136 53,734 214,005 505,041

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

(29,273) (29,273)

(1,636) (1,636)

(29,273) (29,273)

(1,636) (1,636)

3,983,441

3,483,862

3,983,441

3,483,862

42,664

286,017

42,664

286,017

-

-

-

-

TOTAL COMPREHENSIVE INCOME FOR YEAR

42,664

286,017

42,664

286,017

TOTAL COMPREHENSIVE INCOME

42,664

286,017

42,664

286,017

Course Salaries and Associated Costs Maintenance Power Enhancement Irrigation Landscape Maintenance Machinery ASR Expenses Other Expenses Depreciation House Laundry Repairs and Maintenance Contract Cleaning Light, Power and Water Other House Expenses Depreciation Other Expenses (Profit)/Loss on Sale of Fixed Asset

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

TO EQUITY Golf Club Incorporated ABN 94 199 789 857 24 GlenelgATTRIBUTABLE

1(b)

The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2022 Note

Consolidated

Golf Club

31-Mar-2022

31-Mar-2021

31-Mar-2022

31-Mar-2021

$

$

$

$

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

2 3 4

1,216,630 227,967 188,800 86,734 1,720,131

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

1,216,630 227,967 188,800 86,734 1,720,131

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

6,364,934

6,078,798

8,432,945 5,661,230

8,432,945 5,375,094

NON-CURRENT ASSETS Financial Assets Property, Plant and Equipment

5 6

Capital Work In Progress

6a

496,892

-

496,892

-

Right of Use Assets Total Non-Current Assets

7

569,843 7,431,669

374,024 6,452,822

569,843 15,160,910

374,024 14,182,063

9,151,800

7,798,421

16,881,041

15,527,662

455,335 106,208 5,000 255,092 3,793,630

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

454,768 106,208 5,000 255,092 3,793,630

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

4,615,265

3,521,304

4,614,698

3,520,738

72,432 615,105

90,879 379,904

72,432 615,105

90,879 379,904

687,537

470,783

687,537

470,783

TOTAL LIABILITIES

5,302,802

3,992,087

5,302,235

3,991,521

NET ASSETS

3,848,998

3,806,334

11,578,806

11,536,141

3,821,251 27,747

3,778,587 27,747

7,748,512 3,830,294 -

7,748,512 3,787,629 -

3,848,998

3,806,334

11,578,806

11,536,141

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

8 9a 10a 11a 13

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

9b 10b 11b

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

2021/22 Annual Report The accompanying notes form part of these accounts

25

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2022

Note

Retained Earnings $

Reserves

Outside Equity Interest $

$

Total $

Consolidated Entity Opening Balance at 1 April 2021 Profit attributable to members of controlling entity

Opening Balance Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Closing Balance at 31 March 2022

3,778,587 42,664 3,821,251

-

27,747 27,747

3,806,334 42,664 3,848,998

-

-

-

-

3,821,251

-

27,747

3,848,998

3,787,629 42,664 3,830,293

-

-

3,787,629 42,665 3,830,294

-

7,748,512 7,748,512

-

7,748,512 7,748,512

3,830,293

7,748,512

-

11,578,806

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

-

27,747 27,747

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

-

-

-

-

3,778,587

-

27,747

3,806,334

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

-

-

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

-

7,748,512 7,748,512

-

7,748,512 7,748,512

3,787,629

7,748,512

-

11,536,141

Controlling Entity Opening Balance at 1 April 2021 Profit attributable to members of controlling entity

Opening Balance Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Closing Balance at 31 March 2022 Year End 2020-2021 Consolidated Entity Opening Balance at 1 April 2020 Adjustment to Entrance Fee - Accrued Revenue Loss attributable to members of controlling entity

1(f)

Opening Balance Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Closing Balance at 31 March 2021 Year End 2020-2021 Controlling Entity Opening Balance at 1 April 2020 Adjustment to Entrance Fee - Accrued Revenue Loss attributable to members of controlling entity

Opening Balance Revaluation of Shares (FVOCI) Change in Fair Value of Shareholding

Closing Balance at 31 March 2021

26 Glenelg Golf Club Incorporated

1(f)

ABN 94 199 789 857

The accompanying notes form part of these accounts

GLENELG GOLF CLUB INCORPORATED AND CONTROLLED ENTITY STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2022 Note

Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

CASH FLOWS FROM OPERATING ACTIVITIES 2,541,021 4,222,157 633,741 (6,008,364) (26,771) 209,225 30,160

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

2,007,270 2,541,021 4,016,098 4,222,157 469,987 633,741 (5,176,528) (6,008,364) (3,787) (26,771) 165,744 209,225 671,500 30,160

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

1,601,169

2,150,284

1,601,169

2,150,284

(1,120,698)

(567,435)

(1,120,698)

(567,435)

29,273

1,636

29,273

1,636

-

-

-

-

(1,091,425)

(565,799)

(1,091,425)

(565,799)

(5,000) (205,505) -

(181,860) 264,884 (1,200,000)

(5,000) (205,505) -

(181,860) 264,884 (1,200,000)

NET CASH PROVIDED INFLOW (OUTFLOW) FROM FINANCING ACTIVITIES

(210,505)

(1,116,976)

(210,505)

(1,116,976)

NET INCREASE / (DECREASE) IN CASH HELD

299,239

467,509

299,239

467,509

917,391

449,882

917,391

449,882

1,216,630

917,391

1,216,630

917,391

14

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

CASH FLOWS FROM FINANCING ACTIVITIES Repayment of Borrowing Principal Lease Payments Drawdown on Bank Loan Repayment of Bank Loan

Cash at Beginning of Year Cash at End of Year

2

2021/22 Annual Report The accompanying notes form part of these accounts

27

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES The financial report is a general purpose financial report that has been prepared in accordance with Australian Accounting Standards, Australian Accounting Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board and the requirements of the Associations Incorporations Act of South Australia.

The financial report covers the consolidated entity of Glenelg Golf Club Inc (Club) as the individual controlling entity and the controlled entity, Glenelg Golf Links Limited (GGL) incorporated and domiciled in Australia.

The financial report of Glenelg Golf Club Inc and the controlled entity and Glenelg Golf Club Inc as an individual controlling entity comply with all Australian equivalents to International Financial Reporting Standards (IFRS) in their entirety except where compliance is not mandatory for non-corporate entities.

The financial report has been prepared on an accrual basis and is based on historical costs and does not take into account changing money values or, except where stated, current valuations of non-current assets. Cost is based on the fair values of the consideration given in exchange for assets. The principal continuing activity of the Club consisted of: - providing a golf course for member and social play; and - providing bar and dining facilities in the clubhouse The following is a summary of the material accounting policies adopted by the consolidated entity in preparation of the financial report. The accounting policies have been consistently applied unless otherwise stated. a)

Principles of Consolidation The Club controls the share capital of Glenelg Golf Links Limited. The consolidated accounts incorporated the assets and liabilities of Glenelg Golf Links Limited as at 31 March 2022 and the results of GGL for the period then ended. The effects of all transactions between the Club and GGL are eliminated in full. Outside equity interests in the results and group equity are shown separately in the consolidated profit and loss account and balance sheet respectively.

The cost of acquiring shares in Glenelg Golf Links Limited have been accounted for as an interest in the land owned by that company and reflected accordingly.

b)

Financial Instruments Financial assets and liabilities are initially recognised when the Club becomes a party to the contractual provisions to the instrument. For Financial assets, this is the date that the Club commits itself to the purchase or sale of the asset.

Financial assets are initially measured at fair value, where the values in an active market are used to determine the value.

A financial asset can be subsequently measured in three ways; amortised cost, fair value through other comprehensive income, or fair value through profit and loss.

A financial asset is subsequently measured at fair value through other comprehensive income as it is irrevocably designated by Committee of Management (note 17b) to be treated in this way, with fair value adjustments to be made against a reserve in equity.

As the value of the shares do not impact the business operating performance, the fair value adjustment need not impact operating surplus/deficit.

A financial liability can be measured at amortised cost or at fair value through the Profit and Loss. In relation to the Club's loan and Commercial Bill facilities they are measured at the amortised cost and the effective interest rate method is applied.

This means the interest costs related to the debt are expensed in the Profit and Loss over the relevant period.

Changes to accounting standard AASB 9 have impacted the way that the Glenelg Golf Link Limited shares are to be reported in the 2019-2020, and all future Financial reports. Previously shares had been recorded at purchase price.

c)

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

Property Freehold land is shown at cost. Building is shown at cost less any accumulated depreciation and impairment losses.

28 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES Plant and Equipment The depreciable amount of all fixed assets including building, but excluding freehold land, is depreciated on a straight line basis over their useful lives to the consolidated entity commencing from the time the asset is held ready for use.

The depreciation rates for each class of depreciable assets are based on the following estimated useful lives, expressed in years: Category Administration furniture and fittings Bar plant and equipment Catering plant and equipment Clubhouse building Clubhouse other Course buildings Clubhouse plant and equipment Motor vehicles Office equipment Course plant and equipment Entrance road & Carpark Range Equipment d)

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

Impairment of Assets At each reporting date, the Committee of Management reviews the carrying values of its assets to determine whether there is any indicators of impairment. If such an indication exists, the recoverable amount of the asset, being the higher of the asset's fair value less costs to sell or value in use, is compared to the asset's carrying value.

Any excess of the asset's carrying value over its recoverable amount is recognised immediately to the profit and loss statement.

Where it is not possible to determine the recoverable amount of an individual asset, the Committee of Management estimates the recoverable amount of the cash-generating unit to which the asset belongs.

e)

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

f)

Subscription & Entrance Fee Income Subscription revenue is recognised in the profit and loss statement in the Membership year it relates to. The Membership year runs in-line with the Financial year of the 1st April through to 31st March of the following year.

Entrance Fee income has been adjusted to be apportioned to the expected average tenure of the membership.

Entrance Fees are put to a liability account (Note 13 - Entrance Fees - Accrued) to be apportioned over future years.

A 10 year average has been applied to Provisional, Six Day, Weekday and Company member Entrance Fees.

A 5 year average has been applied to Country, Casual and Intermediate member Entrance Fees.

Junior Entrance fees are applied at time of invoicing as the spread of these payments is already applied.

g)

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

2021/22 Annual Report

29

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 NOTE 1 - STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES h)

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

i)

Course Redevelopment Expenditure

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

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

k)

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

l)

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

m)

Leases - Right of Use Assets The Change to AASB 16: "Leases" became applicable from 1 January 2019 for Leases with more than 12 months remaining. This has an impact on the previously noted Operating Leases the Club holds for Golf Carts and Course Equipment. This has involved the initial transaction to bring on a lease liability discounted to the present value of the remaining lease payments at the commencement date. The interest rate used for the new leases in 20212022 is 2.45% (2020-2021: 3.99%), which is the interest rate applicable to the newest bank contract entered into during the year. Interest and principal are applied on an incremental basis for the remaining life of the lease. A corresponding Right-of-use Asset is to be recorded in the Balance Sheet based on the value of the lease liability recorded. This Right-of-use Asset is depreciated over the lease term or in a straight line basis over the useful life of the asset, whichever is the shortest.

n)

Other Income - Covid-19 Support Payments During the 2020/2021 year, the Federal Government introduced some stimulus programs in response to the impact of COVID-19 on businesses. As part of the programs the Club was eligible for a one off "Cash Flow Boost" of $100,000, with payments spread over the period from April through to September. The Club also qualified for wage subsidies through the Jobkeeper program, payments in relation to this program totalled $571,500. These stimulus amounts have been reported separately and included as Other Income. The wages paid to staff have been reported without deduction of Jobkeeper subsidies and included in the Statement of Comprehensive Income in the departments they relate to. During the 2021/22 year, the Club received wage subsidies for the employment of apprentices amounting to $30,160

o)

Critital Accounting Judgments The directors of the Responsible Entity evaluate judgements incorporated into the financial statements based on historical knowledge and the best available current information.

30 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 Note

Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

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

13

999,633 2,950 214,047 1,216,630

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

999,633 2,950 214,047 1,216,630

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

The effective interest rate on short-term bank deposits was 0.01% (2020-2021: 0.15%); these deposits have an average maturity of 20 days.

The Heritage Fund holds funds donated and bequeathed to the Club for specific projects that are identified and approved by the Committee of Management these funds are not available for funding operational activities.

Reconciliation of Cash Cash at the end of the financial year as shown in the statement of cash flows is reconciled to items in the balance sheet as follows: Cash & Cash Equivalents

1,216,630

917,391

1,216,630

917,391

67,342 155,902 4,723 227,967

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

67,342 155,902 4,723 227,967

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

74,600 12,134 86,734

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

74,600 12,134 86,734

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

-

-

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

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

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

NOTE 4 - INVENTORIES Bar Stock Catering Stock Course Stock

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

Per changes to Accounting standard AASB 9 in relation to Financial Instruments, the shares held in Glenelg Golf Links Ltd are now recognised at balance date at Fair Value, with the value being based on the last sale price recorded. There were no sales in 2021-2022 and no change in value has been recorded, the last sale was in 2019/2020 - $302.00 per share (2018 $180.00 per share) the revaluation of these shares is carried through Other Comprehensive income and a reserve on the Balance Sheet.

2021/22 Annual Report

31

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 Note

Consolidated 2021-2022 2020-2021 $

Golf Club 2021-2022 2020-2021 $

$

$

NOTE 6 - PROPERTY, PLANT & EQUIPMENT 703,704

703,704

-

-

Clubhouse Less Accumulated Depreciation

6,128,597 (2,615,695) 3,512,902

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

6,128,597 (2,615,695) 3,512,902

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

Clubhouse Plant and Equipment Less Accumulated Depreciation

766,240 (553,759) 212,481

792,503 (692,789) 99,714

766,240 (553,759) 212,481

792,503 (692,789) 99,714

Course Buildings Less Accumulated Depreciation

461,187 (321,895) 139,292

475,990 (326,056) 149,934

461,187 (321,895) 139,292

475,990 (326,056) 149,934

Administration Plant and Equipment Less Accumulated Depreciation

346,642 (210,995) 135,647

580,880 (425,621) 155,259

346,642 (210,995) 135,647

580,880 (425,621) 155,259

Bar Plant and Equipment Less Accumulated Depreciation

72,725 (41,138) 31,587

198,346 (164,432) 33,914

72,725 (41,138) 31,587

198,346 (164,432) 33,914

Catering Plant and Equipment Less Accumulated Depreciation

293,187 (230,032) 63,155

423,439 (369,932) 53,507

293,187 (230,032) 63,155

423,439 (369,932) 53,507

Golf Carts Less Accumulated Depreciation

-

114,588 (113,898) 690

-

114,588 (113,898) 690

Course Plant and Equipment Less Accumulated Depreciation

4,542,223 (3,370,770) 1,171,453

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

4,529,010 (3,357,557) 1,171,453

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

Entrance Road & Carpark Less Accumulated Depreciation

587,314 (368,348) 218,966

588,056 (346,119) 241,937

587,314 (368,348) 218,966

588,056 (346,119) 241,937

Capital Improvements Less Accumulated Depreciation

1,162 (1,073) 89

1,163 (1,060) 103

1,162 (1,073) 89

1,163 (1,060) 103

Range Equipment Less Accumulated Depreciation

260,731 (85,073) 175,658

284,642 (164,058) 120,584

260,731 (85,073) 175,658

284,642 (164,058) 120,584

6,364,934

6,078,798

5,661,230

5,375,094

496,892 496,892

-

496,892 496,892

-

Freehold land

32

TOTAL PROPERTY, PLANT AND EQUIPMENT 6A - CAPITAL WORK IN PROGRESS GlenelgNOTE Golf Club Incorporated ABN 94 199 789 857 Course Enhancement Work in Progress

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 NOTE 6 - PROPERTY, PLANT & EQUIPMENT (CONT.) b)

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

Carrying amounts at 1 April 2021

Additions

Disposals

Depreciation

Reallocation

Carrying amount at 31 March 2022

3,773,617

6,297

-

(156,141)

(110,872)

3,512,902

99,714

86,721

-

(57,852)

83,898

212,481

Course Buildings

149,934

6,168

-

(16,986)

176

139,292

Administration Plant & Equipment

155,259

19,189

-

(51,322)

12,521

135,647

Bar & Plant Equipment

33,914

-

-

(7,323)

4,996

31,587

Catering Plant & Equipment

53,507

27,405

-

(18,908)

1,151

63,155

690

-

-

-

(690)

(0)

Course Plant & Equipment

745,835

582,313

-

(162,272)

5,577

1,171,453

Entrance Road & Carpark

241,937

-

-

(23,671)

700

218,966

Range Equipment

120,584

80,553

-

(28,022)

2,543

175,658

103

-

-

(13)

-

89

5,375,094

808,646

-

(522,510)

(0)

5,661,230

Disposals

Depreciation

Write Back of Accumulated Depreciation

Carrying amount at 31 March 2021

(11,215)

(509,750)

Golf Club Clubhouse Clubhouse Plant & Equipment

Golf Carts

Capital Improvements

Carrying amounts at 1 January 2020

Prior year Property, Plant & Equipment

5,429,799

Additions

455,045

11,215

5,375,094

Consolidated Entity Carrying amounts at 1 April 2021

Additions

Disposals

Depreciation

Reallocation

Carrying amount at 31 March 2022

703,704

-

-

-

-

703,704

3,773,617

6,297

-

(156,141)

(110,872)

3,512,902

99,714

86,721

-

(57,852)

83,898

212,481

Course Buildings

149,934

6,168

-

(16,986)

176

139,292

Administration Plant & Equipment

155,259

19,189

-

(51,322)

12,521

135,647

Freehold Land* Clubhouse Clubhouse Plant & Equipment

Bar & Plant Equipment

33,914

-

-

(7,323)

4,996

31,587

Catering Plant & Equipment

53,507

27,405

-

(18,908)

1,151

63,155

690

-

-

-

(690)

(0)

Course Plant & Equipment

745,835

582,313

-

(162,272)

5,577

1,171,453

Entrance Road & Carpark

241,937

-

-

(23,671)

700

218,966

Range Equipment

120,584

80,553

-

(28,022)

2,543

175,658

103

-

-

(13)

-

89

(0)

6,364,934

Golf Carts

Capital Improvements

6,078,798

808,646

-

(522,510)

2021/22 Annual Report

33

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 Carrying amounts at 1 January 2020

Prior year Property, Plant & Equipment

6,133,503

Additions

455,045

Disposals

Depreciation

(11,215)

(509,750)

Write Back of Accumulated Depreciation

Carrying amount at 31 March 2021

11,215

6,078,798

The Freehold Land at 31st March 2022 is recorded at a carry forward value from prior years.

This value will increase as a result of the purchase of equity in Glenelg Golf Links Limited which owns the land on which the golf course is situated. This will also include a reduction applied to reflect the reduction in Share Capital of outside equity interests.

During the year there was a comprehensive review of the fixed asset registeer which resulted in reallocation of balances with no overall net effect. As part of this comprehensive review of the fixed asset register, 427 assets were written off.

Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

NOTE 7 - RIGHT OF USE ASSETS 310,775 (51,532) 599,207 (288,607) 569,843

Golf Carts Accumulated Depreciation Course Equipment Accumulated Depreciation

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

310,775 (51,532) 599,207 (288,607) 569,843

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

Per changes to AASB 16 (effective January 2019) - the Operating Leases in place for Golf Carts and Course Equipment are required to be recorded as a Right of Use Asset and depreciated on a straight line basis over the life of the lease.

NOTE 8 - TRADE & OTHER PAYABLES Trade Creditors Other Creditors

340,848

335,760

340,848

335,760

114,487

71,589

113,921

71,023

455,335

407,349

454,769

406,783

101,010 140,737 (135,539) 106,208

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

101,010 140,737 (135,539) 106,208

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

NOTE 9 - PROVISIONS a)

Short-Term Provisions - Annual Leave

Opening Balance Additional Provisions Raised Amounts Used

34 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 Note

b)

Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

Long-Term Provisions - Long Service Leave

Opening Balance Additional Provisions Raised Amounts Used

90,879 13,041

114,259 23,765

90,879 13,041

114,259 23,765

(31,488)

(47,145)

(31,488)

(47,145)

72,432

90,879

72,432

90,879

5,000 5,000

10,000 10,000

5,000 5,000

10,000 10,000

-

-

-

-

NOTE 10 - BORROWINGS a)

Short-Term Borrowings

Bank Loan b)

Long-Term Borrowings

Bank Loan

The Club has a loan facility of $2,200,000 which is secured by registered mortgages over land owned by Glenelg Golf Links Limited.

At 31 March 2022, $5,000 of the Club's facility was utilised (31 March 2021: $10,000).

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

255,092 255,092

167,235 167,235

255,092 255,092

167,235 167,235

615,105 615,105

379,904 379,904

615,105 615,105

379,904 379,904

Minimum Lease Payments

278,602 643,571 922,173

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

278,602 643,571 922,173

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

Less Future Finance Charges Present Value of Minimum Lease Payments

(51,977) 870,196

(42,226) 547,139

(51,977) 870,196

(42,226) 547,139

2,209,483 1,057,605 48,150 48,837 152,835

1,581,488 805,720 67,588 6,236 42,443 118,254

2,209,483 1,057,605 48,150 48,837 152,835

1,581,488 805,720 67,588 6,236 42,443 118,254

214,047

213,981

214,047

213,981

(b) LONG-TERM LEASE LIABILITIES Lease Liabilities

NOTE 12 - LEASE LIABILITIES Lease Commitments Payable - minimum lease payments within 12 months between 12 months & 5 years greater than 5 years

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

Government Biodiversity Grant

2

62,673

-

62,673

-

3,793,630

2,835,710

3,793,630

2,835,710

2021/22 Annual Report

35

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 NOTE 14 - RECONCILIATION OF CASH FLOW FROM OPERATIONS WITH PROFIT FROM OPERATING ACTIVITIES Consolidated 2021-2022 2020-2021 $ $ Profit from Ordinary Activities Non cash flows in profit from ordinary activities Depreciation Provision for Employee Benefits (Profit)/Loss on Sale of Non Current Assets Changes in Assets & Liabilities (Increase)/Decrease in Debtors Increase/(Decrease) in Trade Creditors and Accrued Expenses

(Increase)/Decrease in Other Current Assets (Increase)/Decrease in Inventory Net Cash Inflow from Operating Activities

Golf Club 2021-2022 2020-2021 $ $

42,664

286,017

42,664

286,017

670,415 (13,249) (29,273)

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

670,415 (13,249) (29,273)

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

15,095 1,005,906 (100,234) 9,845

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

15,095 1,005,906 (100,234) 9,845

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

1,601,169

2,150,284

1,601,169

2,150,284

NOTE 15 - FINANCIAL INSTRUMENTS a)

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

Financial Assets Cash at Bank

Financial Liabilities Borrowings b)

Fixed Interest Rate Maturing

Floating Interest Rate

Within 1 Year

1 to 5 Years

2021-2022

2020-2021

2021-2022

2020-2021

2021-2022

2020-2021

2021-2022

2020-2021

%

%

$

$

$

$

$

$

0.15

0.15

999,633 999,633

700,396 700,396

4.1

4.1

-

-

5,000

-

-

5,000

-

-

-

10,000

-

-

10,000

-

-

-

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

c)

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

d)

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

36 Glenelg Golf Club Incorporated

ABN 94 199 789 857

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 At 31 March 2022, the effect on profit and equity as a result of changes in the interest rate, with all other variables remaining constant would be as follows: Consolidated 2021-2022 2020-2021 $ $

Golf Club 2021-2022 2020-2021 $ $

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

$(100) $100

$(200) $200

$(100) $100

$(200) $200

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

$(100) $100

$(200) $200

$(100) $100

$(200) $200

NOTE 16 - AUDITOR’S REMUNERATION Remuneration of the Auditor of the parent entity for: 11,400 11,400

Auditing & Reviewing the financial report

11,000 11,000

11,400 11,400

11,000 11,000

NOTE 17 - RELATED PARTIES a)

The Club paid rent of $0 to Glenelg Golf Links Limited in which it has a majority shareholding, for use of the Golf Course (2020-2021 - $0).

b)

The names of the persons who were officers of Glenelg Golf Club Incorporated at any time during the period ended 31 March 2022 and formed the Committee of Management are as follows: Greg C. Rundle (Captain) Imelda C. Lynch (Vice-Captain) Carolyn J. Turci Paul M. Gander Paul J. Grosvenor Sid S. Kookana Scott Petherick Ben Winton Anna Standish

Elected June 2020 Elected June 2020 Elected June 2020 Elected March 2018 Elected March 2019 Resigned December 2021 Elected June 2020 Elected June 2020 Committee Appointed January 2022

During the period there were no related party transactions.

NOTE 18 - CONTINGENT LIABILITIES The Club's objection to the land tax assessment for 2020/21 was upheld and therefore no expense or accrual has been recognised in relation to 2021/22 land tax. The Club understands that Revenue SA intends to review the eligibility for an exemption from land tax at the end of each financial year.

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

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

2021/22 Annual Report

37

GLENELG GOLF CLUB INCORPORATED NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022 NOTE 21 - CAPITAL EXPENDITURE COMMITMENTS Capital expenditure commitments contracted for: $ Plant & Equipment Purchases Capital Expenditure Projects

-

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

-

Appropriate financing is in place, and from time to time the Committee of Management reviews the debt position (and takes action as necessary) to ensure the Club remains viable and can continue as a going concern.

The Club's debt and capital includes financial liabilities, supported by financial assets.

The bank loans are secured by registered mortgages over the land and this forms an imposition on capital requirements. (Note 10) The committee members effectively manage the Club's capital by assessing the Club's financial risks and adjusting its capital structure in response to changes in these risks and in the market. The responses include the management of debt levels.

There have been no changes in the strategy adopted by management to control the capital of the Club since the prior year. This strategy is to ensure that there is sufficient cash to meet trade and sundry payables and borrowings.

NOTE 22 - CONTROLLED ENTITIES 2021-2022 Country of Incorporation Controlling Entity Glenelg Golf Club Inc

Australia

Controlling Entity Glenelg Golf Links Ltd

Australia

* percentage of voting power in proportion to ownership

38 Glenelg Golf Club Incorporated

ABN 94 199 789 857

2020-2021

Percentage Owned (%) *

63.5%

63.5%

GLENELG GOLF CLUB INCORPORATED STATEMENT BY COMMITTEE

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

(a) The attached consolidated statements of Glenelg Golf Club Incorporated, comprising the statement of financial position, statement of comprehensive income, statement of changes in equity, statement of cash flows and notes to the financial statements for the year ended 31 March 2022 are, in our opinion, properly drawn up so as to give a true and fair view of the state of affairs of the Club and the consolidated entity as at 31 March 2022, and of their results for the year then ended. (b) At the date of this statement there are reasonable grounds to believe that the Club will be able to pay its debts as and when they fall due.

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

In accordance with section 35(5) of the Associations Incorporations Act, 1985, the committee of Glenelg Golf Club Incorporated hereby states that during the financial year ended 31 March 2022:

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

Dated this 31st day of May 2022.

GREG RUNDLE Captain

IMELDA LYNCH Vice-Captain

2021/22 Annual Report

39

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

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

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

Opinion We have audited the accompanying financial report of Glenelg Golf Club Inc. which comprises the statement of financial position as at 31st March 2022, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies and the statement by the committee of the association.

In our opinion, the financial report gives a true and fair view of the financial position of Glenelg Golf Club Inc. as of 31st March 2022, and of its financial performance and its cash flows for the period then ended in accordance with Australian Accounting Standards and the Associations Incorporation Act 1985 (SA).

Basis for Opinion We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report.

We are independent of the Club in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Committee's responsibility for the financial report The Committee of the Club is responsible for the preparation and fair presentation of the financial report in accordance with Australian Accounting Standards (including the Australian Accounting Interpretations) and the Associations Incorporation Act 1985 (SA). This responsibility includes establishing and maintaining internal controls relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

A member of Bentleys, a network of independent advisory and accounting firms located throughout Australia, New Zealand and China that trade as Bentleys. All members of the Bentleys Network are affiliated only, are separate legal entities and not in partnership. Liability limited by a scheme approved under Professional Standards Legislation. A member of Allinial Global – an association of independent accounting and consulting firms.

Professional Standards Legislation.

In preparing the financial report, management is responsible for assessing the Club’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Club or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Club’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Report Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of this financial report.

A further description of our responsibilities for the audit of the financial report is located at the Auditing and Assurance Standards Board website at: http://www.auasb.gov.au/Home.aspx. This description forms part of our auditor’s report.

Bentleys SA Audit Partnership

DAVID FRANCIS PARTNER

Dated this 1st day of June 2022

A golf course that inspires the senses; a Club experience that elevates the spirit.

Escape to The Bay....

GLENELG GOLF CLUB INCORPORATED ABN 94 199 789 857

Glenelg Golf Club James Melrose Road NOVAR GARDENS SA 5040 (08) 8350 3200 www.glenelggolf.com reception@glenelggolf.com