ANNUAL REPORT 2007/2008
contents
Contents
Notice and Agenda Mission Statement Commodore’s Message RSYC Committee Secretary’s Report Heritage Report Event’s Report House Report Membership Status, Marketing & Relations Report Marine Facilities Report Sailing Report Treasurer’s Report Auditor’s Report Financial Statements Reciprocal Clubs Past Commodores
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MICA (P) 188/03/2008 ANNUAL REPORT 2007 / 2008
notice & agenda
Notice & Agenda 1 June 2008
Dear Members Notice is hereby given that the 83rd Annual General Meeting of the Members of the Republic of Singapore Yacht Club will be held at the Quarterdeck (Multi-Purpose Hall) on Friday, 20 June 2008 at 1900 hours to transact the following business: 1. Commodore's Address 2. To confirm Minutes of the Annual General Meeting held on 22 June 2007 3. Matters Arising 4. To consider the Annual Report of the Club 5. To consider and if approved, adopt the Audited Accounts for the Year ended 31 December 2007 6. To elect Flag Officers and Committee Members for the year 2008/2009 7. To elect Auditors for the Club 8. To transact any other business of which due notice has been given under Article 26 (e) of the Constitution The election of Flag Officers and Committee Members will be by secret ballot and supervised by a panel of Scrutineers comprising of a representative from the Club's independent Auditors and two Life or Ordinary Members of the Club. To facilitate the orderly conduct of the AGM, members are kindly requested to observe the provisions of Article 26 (e) and to write to the Secretary at least 7 days in advance, should they wish to raise any other matter or obtain any additional information. Refreshments and light snacks will be served after the AGM. Beer will be on the house for half an hour after the conclusion of the Meeting. By Order of the RSYC Committee
Jimmy Khoo Secretary
NOTE: Nominations for election to the Committee must be completed on the prescribed form (in accordance with Articles 20.5 and 22), Proposed and Seconded by two Life or Ordinary fully paid Members of not less than six months standing. Nomination Forms can be obtained from the Club's Administration Office. Completed Forms must reach this Office not later than 1700 hours on 13 June 2008.
ANNUAL REPORT 2007 / 2008
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mission statement
Mission Statement
To build upon our rich tradition as Singapore’s premier yacht club, member-owned and affordable, and providing the best sea sports facilities with excellent club amenities.
ANNUAL REPORT 2007 / 2008
commodore’s message
Commodore’s Message department, with two new marinas opening up in Singapore. In the face of tough competition, the Marine department did well to overcome the challenges. I am pleased to report that F&B patronage at all of the Club's food and beverage outlets has been very positive. Thanks to the improvements initiated by the Club's new General Manager, Mr. Norbert Finger, we have achieved significant improvements in the area of both service and quality at the Club's food and beverage outlets.
Dear Fellow Members, I am honored to be able to carry on the tradition of presenting to you the Annual Report on behalf of the RSYC Committee. The year 2007/2008, has indeed been an eventful year for RSYC. We took a proactive approach to recruit new Members to our Club. We pulled off the most successful Charity event in the Club's recent history attended by Minister for Community Development, Youth and Sports Dr. Vivian Balakrishnan. The Heritage Committee was established to begin work on the RSYC's Heritage / Coffee Table Book. And, the Club's facilities underwent some notable upgrades. Although we made considerable progress in many operational areas of the Club, we had to overcome quite a number of obstacles and challenges. With the departure of our General Manager shortly after the last AGM, the respective Sub-Committee Chairmen and Members stepped up to work with Management and Staff to pull the Club through for nearly six months until a suitable candidate for the General Manager position was found. For this, I wish to thank all the Committee Members and the Sub-Committee Members who have put in tremendous amount of time and efforts for the benefit of the Members of RSYC despite their heavy work and personal commitments. Club's Membership thrived as a result of a vibrant and booming economy in 2007. The market price for RSYC's Ordinary Membership rose from under $ 7,000.00 at this time last year to nearly $ 11,000.00 in February 2008. In contrast to the years before where membership intake was nearly stagnant, we welcomed nearly130 new members into our Club in the last year. RSYC Sea Sports Academy has flourished since it was established in April 2007. We started off with sailing programmes for the United World College and we now have four schools under the umbrella of the Ministry of Education working with us to train the potential sailing champions of Singapore. The past year has been a challenging year for the marine ANNUAL REPORT 2007 / 2008
To tackle the extremely high demand for rooms at the Marina Lodge, we have upgraded the Lodge and added four well appointed rooms on the ground floor of the Lodge. I can confidently state that these rooms can rival those offered at high-end hotels in Singapore. Singapore is on course to see major changes to its leisure and recreational facade in not too distant future with the world class resorts and casinos coming online in less than two years time. These new establishments will pose new sets of challenges for our Club and we will be hard pressed to compete with them to attract new Members and provide adequate events and activities to maintain the patronage of the Club's outlets and facilities by existing Members. To compound these challenges, we also face increased competition from newer Marinas and Clubs. Therefore, it is paramount for the Club to look ahead at future challenges and opportunities and cement strategic plans that will enable us to thrive in the coming years. That is specifically why we have recently drawn up a 3-year master business plan that will serve as a road map to guide the Club's Committee and Management team towards accomplishing our goals and mission until 2011. I am confident that RSYC will continue to do well in the years ahead although we are mindful of the uncertain economic conditions unfolding around us. Please go through the details of the reports submitted by the various Sub-Committee Chairmen to obtain more information about what has transpired in the Club during the past year. Finally, I wish to express my sincere gratitude to the members of the RSYC Committee and the Sub-Committees for their commitment and dedication for the benefit of the Club. I would also like to thank the management and staff for their hard work and steadfast performance through often challenging conditions. Yours sincerely,
B. Balakrishnan Commodore
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rsyc committee
RSYC Committee
Seated L to R Neo Wee Sim Balakrishnan B Pang Leong Kim Erich Paulini
COMMITTEE MEMBER COMMODORE VICE COMMODORE COMMITTEE MEMBER
Standing L to R Tan Kay Toh Jeyendran Naidu Joerg Kalisch Jimmy Khoo John McGugan
COMMITTEE MEMBER COMMITTEE MEMBER COMMITTEE MEMBER SECRETARY REAR COMMODORE
Absent G Rajagopal Karl Nilssen
TREASURER COMMITTEE MEMBER
ANNUAL REPORT 2007 / 2008
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Secretary’s Report
As we look back on our accomplishments of the past and look forward to our future plans, along the way, we sometimes seem to forget that we are Members of more than just a Club. RSYC is an institution that is nearly two centuries old. RSYC is Asia's First Yacht Club and one of the oldest Clubs in the world. Our Members should not overlook this important fact when they reflect on their Memberships at the Club. RSYC is a members' owned Club and our members are central to the Club's very existence. The initiatives that Members take in shaping the atmosphere of the Club go a very long way in improving the Club's atmosphere and environment. We seek the support of the general membership to make our Club a vibrant and welcoming destination where our Members can call it a home away from home. Please make an effort to visit the Club and bring your friends and family along to enjoy the facilities. And don't stop there. We need the Members to proactively be involved in the Club's activities. Good discipline and proper conduct of Member while on the Club's premises are critical to the Club's health and prosperity and we urge all our members to govern themselves at the highest level while you are at the Club. To keep up to date with the Club's progress and evolution, certain amendments and additions to the Club's bylaws, approved by the Main Committee are being carried out. The updated bylaws will be made available to Members shortly. ANNUAL REPORT 2007 / 2008
Over the course of the year, the Committee and the Management received numerous feedbacks from our Members on the level of service, or the lack thereof, they received at the Club's various outlets. We have taken this issue to heart and worked closely with the Management and staff to effectively address the matter. I am pleased to see that we have made significant inroads in terms of improving the quality of products we offer to our members and the service that goes along with it. In closing, I would like to thank my fellow Committee Members for their commitment and devotion to the Club. The amount of time and efforts these volunteers dedicate to the Club is highly commendable. At the same time, I would like to urge our Members to come forward and join the various Committees and Sub-Committees and contribute to the Club's development with your ideas and initiatives.
Jimmy Khoo Secretary
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report
Heritage Report
The heritage Sub-com was formed only in March 2008 but there has been a long-standing desire to make progress with a Heritage Book for RSYC. As far back as the late 90's, at the old Club on Jalan Buroh, efforts to consolidate the Club's history & records with feedback & photographs from past members or their surviving families all had the aim of one day formalizing the RSYC Coffee Table Book. Utilizing the materials of our former Club Historian, Eric Holmberg, we are now well on the way to realizing the dream. Eric's work and his cooperation will prove invaluable and we deeply appreciate & recognize his contributions.
aforementioned contributions to The Club. My thanks also go to my fellow sub-committee members for their commitment to a two year program. Chairman John McGUGAN *100% Members Balakrishnan B *50% co-opted in March 08 Peter DUNLOP *100% Wayne WONG *67% Note: Number of meetings held from February 2008 to April 2008 = 3 Legend: *refers to percentage of meetings attended
Much work remains to be done & we are keen to solicit the help of members or their spouses who have some experience or are keen & have the time to contribute to the work. The present sub-com consists of Peter Dunlop as Chief Editor, Commodore B Balakrishnan, Wayne Wong & John McGugan and we plan to give regular updates on progress as we try to complete the book in time for the 10th Anniversary of the opening of the new club in 2010. At the same time the Heritage sub-com will assist & work with the Management & Membership & PR to update & refresh the various posters & exhibits depicting our club & its history. We hope that this will meet with member's approval and we would welcome any suggestions that you may have to capitalize on the rich heritage of The RSYC. As mentioned, this project has been a long time in the making and this report would be remiss if it did not recognize the contributions over the years from others who have been involved in its preparation. Our special thanks go to Ms Inez Wei, former Chair-person of the PR & Heritage sub-committee & Eric Holmberg for his ANNUAL REPORT 2007 / 2008
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Event’s Report
As Chair of the Events Sub Committee, I wish to record my sincere thanks to all Members whom one way or another had helped, participated, or sponsored in kind or in cash, and the Events staff for the myriad of activities organized for the enjoyment of Members through the year. It was the untiring dedication of this team of Members and staff that saw the Club through another eventful year of activities. Though some of the events had to be cancelled regrettably for lack of Members' interest, the efforts expended should not go unrecognized. On the subject of Members' interest, or the lack of it, I would welcome Members's feedback and suggestions. Let us know what kind of events and activities do you wish the Club to organize? Are social activities preferred over recreational? Any special skills or hobbies you have that you can share with fellow Members? When or which month of the year do you prefer the events to take place? Just log on the website or give the Events staff a call at Tel. 6768 9305 to let us know. No events can be better than ideas coming from the Members, organized by the Members, and for the Members. We are looking for Member volunteers. I urge all Members to support the Club through regular involvement and participation in the Club's activities. If the Club has failed to meet your expectations in this area, or is not doing enough to cater to your needs, make noise, and as loud as possible so that improvements can be made. Don't vote with your feet and walk away but with your hands and be vocal. Well, not all is lost. The ongoing classes such as Yoga, Taekwando, Swimming, Wushu, and Dance lessons continued to be popular with Members all year round. The RSYC Family Day 2007 with a “Tropical Escapade” theme held on the traditional first Sunday of June was hugely successful with nearly 500 Members and their families taking part in the festivities. The annual Christmas and Chinese New Year Bazaars were well attended by Members and vendors alike. And, we brought down the house and literally lit up the skies with our signature year end party “Ahoy 2008”. ANNUAL REPORT 2007 / 2008
The crowning event last year was the RSYC Charity Golf Tournament 2007. Graced for the first time by the Minister for Community Development, Youth and Sports and Second Minister for Information, Communications and the Arts, Dr. Vivian Balakrishnan, we succeeded in raising an unprecedented amount of $ 50,000.00 for the Singapore Indian Education Trust, the chosen beneficiary for 2007. The success of the Charity Golf Tournament would not have been possible if not for the many Member volunteers who had helped and contributed generously. The 2007 Charity Golf Tournament also achieved another benchmark with three impressive hole-in-one prizes; a speedboat sponsored by Mr. Eric Koh (Membership No. H0286), a Toyota Estima car sponsored by Mr. S. P. Yow (Membership No. K0245 ) and a luxury timepiece sponsored by Corum. With the momentum achieved in 2007, the bar will be raised for the Charity Golf Tournament of 2008. In closing, I wish to express my sincere thanks again to all RSYC Members and the Events Team for their support and efforts.
Chairman NEO Wee Sim *100% Vice Chairman Erich PAULINI *0% John McGUGAN *89% Danny SIM *89% Wayne WONG *67%
Note: Number of meetings held from August 2007 to April 2008 = 9 Legend: *refers to percentage of meetings attended
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House Report
To oversee and be responsible for all house affairs and activities including accommodation, food & beverage, swimming pool and other hospitality and house-related matters. Whilst writing this report, I realized just how much time, thoughts and efforts had been expended in one year by our MC, GM, HODs, Staff and our House Sub Committee members in ensuring that our Club remains in peak conditions and runs efficiently to commensurate with our national heritage status. Having functioned at this present location for 10 years now, the last year saw numerous interim upgrading and improvements to enhance the ambience of the Club. Painting of the Lobby, Beacon, boat sheds & temporary car-parks were carried out with minimal disruption to all our members. At the Bridge, a new menu was introduced, new dining tables & chairs were replaced and re-arranged, and dress code had been relaxed on weekends. On the water, the main attenuator too had been lighted up during weekends to highlight the ambience of the marina. To create more buzz in the Club, a 3-piece live band from the Philippines was engaged to entertain members 6 evenings nightly. Old TV sets were replaced with new LCD TVs at all F&B outlets. The KOD Karaoke system too had been replaced and usage regularized. Even the white fluorescent lightings in the men and ladies toilet had been replaced with warm lightings after members' feed back that the white fluorescent lights make the toilet looked like a mortuary. Every suggestion &/or feed back from members & well wishers were taken seriously. When one of our former General Managers visited us last year, he was surprised that our Club was still so well maintained after his departure and even though we were functioning without a General Manager then. This compliment speaks volumes for all the hard work put in by HODs & all Staff including each and every one of you as members. Thankfully, we now have a new GM, Mr Norbert Finger to take us to the next phase of development.
FOOD & BEVERAGE With revenue of $3,561K, F&B had an adjusted surplus of $87K before minimum spending levy and inventory writeoffs. This is an achievement of 86% of the budgeted $4,108.30K. Net margin was approximately 2.4% against the budgeted 6%. I attribute this result to high costs & increases in payroll & related expenses. There was an F&B write-off of $53K made for inventory, food, beverage, & tobacco costs to Cost of Sales. It also took a share of other inventory write-offs amounting to $168K. In an article in the Business Times 10 March 2008 Power Lunch, Dining out with Citi Bank, our Bridge restaurant was commended by its journalist for “fantastic lamb rack, cheesecake and crab cakes, not to mention an idyllic marina ambience - distant refinery, chimney stacks not withstanding�. MARINA LODGE With revenues of $1,284K the Housekeeping department exceeded its budget of $1,267.6K. Occupancy was 90% against 91% budgeted. During the year, there was a change in accounting treatment relating to Housekeeping payroll and Housekeeping Expenses. These were previously treated as General Administrative Expenses. Commencing from 2007, these were deemed as part of Room expenditure. It also took a share of other inventory write-offs amounting to $49K. New pool towels, writing chairs for accommodation rooms, gymnasium maintenance contract, air-conditioning maintenance & chemical wash were all carried out in 2007 An ad-hoc property manager with relevant experiences, member Tan Kay Hum was appointed on a voluntary basis to oversee the usage & optimization of all Club's facilities. In this respect, re-location & re-assignation of the games room, childrens' room & mahjong room were carried out. This resulted in an addition of 4 accommodation rooms for members' use. On a disappointing note, the Breeze Spa operator had their ANNUAL REPORT 2007 / 2008
report tenancy agreement lapsed and vacated the premised in November 2007. In this regard, management & HSC are reviewing all viable options. Should you have any suggestions, please contact the General Manager, Mr Norbert Finger. SECURITY After numerous & prolonged meetings with ICA, we were finally issued an ultimatum in April 2008 from the Ministry of Home Affairs to either comply with their armed guard requirement & SOPs or stand the risk of the Club being de gazetted without CIQP status. Without a choice and in keeping with our marina objectives, MC has decided to comply & incorporate all of ICA's requirements in order to retain & provide CIQP facilities for our members. New security SOPs for CIQP, including the presence of an armed guard will be implemented effective 1 June 2008. I would encourage all members to familiarize themselves accordingly. During the past year, a review of the existing car-park ticketing system and CCTV system were also taken. I am pleased to report that both of these had been approved and will be replaced & operational by the time of our AGM. We believe these investments will increase our security capabilities and ease members' entry & exit whilst keeping unauthorized entry at bay. With the Shell Bukom project taking off and their daily buses & ferry operating from the West Coast Park & the WCFT, an expected peak of 2000 foreign workers is envisaged by mid 2008. In this regard, our security department is monitoring the situation. Club members' safety & convenience will be top priority. CONCLUSION I thank all my HSC members, MC, GM, HODs & Staff for another commendable performance. I attribute these results to the hard work and many late nights put in by all in attending meetings & often times heated arguments, all for the best interests of the club. I am sure we all agree that it was a satisfying endeavour. Of course, I thank all our members & their guests, concessionaires, sponsors, suppliers, service providers & well wishers for your patronage, support, understanding, and patience when we did not meet your expectations.
Chairman PANG Leong Kim *90% Vice Chairman Jimmy KHOO *80% Members Louis LIEW *80% Richard PEH *70% TAN Chek Kee *70% TAN Kay Chuan *30% TAN Kay Hum *100% Note: Number of meetings held from July 2007 April 2008 = 10 Legend: *refers to percentage of meetings attended ANNUAL REPORT 2007 / 2008
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Membership Status, Marketing & Relations Report
Our main aim of the membership marketing efforts remains to be the expansion of the membership base and continuously improve the level of satisfaction of members in their time spent at the Club.
increase in overall membership can only be achieved by the introduction of new Ordinary Memberships, supplemented by Term and Corporate Memberships directly issued by the Club.
With a vibrant economy and the increased interest in marine related recreational activities in Singapore, we managed to embrace nearly one hundred new members in 2007. It represented approximately 250 percent jump from the number of members who joined the Club in 2006.
Moving into 2008, we initiated a limited Membership Launch for Ordinary Membership (Transferable) in March and April 2008. In addition, we discontinued the Lifestyle Membership Programme, which has not been very popular, in favor of a more attractively packaged Term Membership. Overall, we have set an extremely ambitious Membership target for 2008. We will be putting concerted efforts throughout the year to achieve our goals. Our vision is to gradually increase the number of our general membership to the optimum number of Members the Club is designed to house, which is 3,500 members.
Our industry in general witnessed very promising rings of prosperity in 2007. The open market price for the Ordinary Membership (Transferable) rose significantly from under $7,000.00 at the beginning of 2007 to $ 11,000.00 by the end of the year. Last year, we took a proactive approach to promote the Club and actively drive membership. Advertisements for RSYC Membership in the mainstream media and targeted mass mailers were sent out in the second half of 2007 to engage new Members to join the Club. An Open House was held from September to October 2007. Although we achieved only limited success in taking in new Members, we were successful in increasing the awareness and profile of RSYC with the general public, international associations and major business organizations. The majority of Members who joined opted for Ordinary Memberships through Membership Transfers. It is encouraging that new Members are looking to stay with the club on a long term basis. However, this brings us back to the zero sum game in active Membership where our general membership number remains constant. Therefore, the
We have learnt through our membership marketing drives and feedback from members that “Lifestyle� is the buzz word in Club membership these days. Today's new members are looking for a club where they can meet new friends, join a community with fellow members who have similar interests and enjoy an active club membership. The key to successfully attract new members to join the Club lies in the Club's ability to provide a lifestyle that is uniquely RSYC. While we face stiff competition from other Marinas in Singapore, none of them can boast RSYC's unique heritage and history. Our Club's competitive edge lies in our heritage and the history that is unparalleled, coupled with a warm and welcoming atmosphere while at the same time providing our Members with modern facilities and amenities. Singapore in the past 10 years has established itself as the ANNUAL REPORT 2007 / 2008
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cosmopolitan city in Asia. RSYC today is on the brink of becoming a cosmopolitan Club and it has to be marketed as such catering to both Singaporeans and non-Singaporeans, alike.
Membership Status as at 31st December 2007: Description
Membership Numbers
Honorary Member Life Member VIP Member Ordinary Members (T) Lady Members (NT) Social Members (NT) Term Members (NT) Country (NT) Temporary Members (NT) Group Members (NT) Corporate Members (T) Ordinary (T.A.M.) T Ordinary (P.A.M.) T Ordinary (P.A.M.) NT Social (P.A.M.) NT Social (T.A.M.) NT Corporate (P.A.M.) Term (P.A.M.)
5 9 3 1533 4 123 7 1 36 2 50 15 204 37 13 3 1 1
Total
2047
In an era where we are witnessing the resurgence in boating and marine lifestyle, our ability to capitalize on the increasing number of boat owners who are interested in joining RSYC is being hampered by the limited capacity of our dry sheltered berths. Owing to its popularity among boaters, RSYC's dry berths are highly sought after and are now filled to capacity. Therefore, we are unable to sign up Members who are looking for dry berths at RSYC. While we have capacity in the wet berths, that is not currently a competitive advantage for RSYC. In order to stay competitive and relevant with the evolving lifestyles of our Members and future Members, RSYC has to ANNUAL REPORT 2007 / 2008
evolve and become a state of the art sea sports and marine lifestyle Club, that offers extensive Sailing and Power boating facilities, complemented by other activities such as jet skiing and wake-boarding. With great sea sports activities and social events at the Club, our Members will actively enjoy the Club and prospective Members will readily sign up as Members. Sea Sports is one of the fastest growing leisure activities in the region and around the world. RSYC is in the right position to capitalize on the growing trend. I would like to thank the RSYC Committee, members of the Sub Committee, the Management, and Staff for their contributions to the successes we have achieved in the past year.
Chairman Erich PAULINI *78% Vice Chairman Joerg KALISCH *33% Members Martin EVERETT *50% co-opted in August 2007 Jimmy KHOO *67% PANG Leong Kim *44%
Note: Number of meetings held from July 2007 to April 2008 = 9 Legend: *refers to percentage of meetings attended
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Marine Facilities Report
Singapore has recently seen something of a resurgence in pleasure boating and a number of new boats have appeared as people have either upgraded or started in to pleasure boating for the first time. While RSYC has managed to get a few of these new boats it is recognized that the majority of the new boats have gone to the “new” marinas. The year 2007/2008 has been a challenging year for the marine department, with new marinas either opening up or coming in to full operation in Singapore. We are aware of another 3 in peninsula Malaysia, 1 in Phuket, Thailand and 1 in Batam which is under going rebuilding. These are going to add to the “over-supply situation. All this will have an effect one way or the other on the Marine Dept and the Club as a whole. The department has weathered the `storm' quite well in 2007. With the re-opening of the Marina at Keppel Bay, the total number of boats `lost' to other marinas initially was 7 power and 1 sail. At the end of the day 6 power boats have came back.
number of boats in the sheltered berth in December 2006 is 70. Total number of boats in Dec 2007 is 78 and at present it stands at 102 total inclusive of sailboats and open berth with 2 on the waiting list as the dry berth is full. The Dept is looking at re visiting the original dry stacking for boats as the demand for dry berthing is expected to rise. YEAR 2006 2007 2008 (Mar)
WET
DRY DRY JET VISIT ORS SAILBOAT S (co vered ) (o p en ) SKIS 35 70 24 30 123 6 49 78 21 33 52 6 53 80 22 38 10 6
FUEL SALES Fuel sales for both ADO and Synergy 5000 saw a significant drop in 2007 in comparison to year 2006. PRODUCT
2007 was also a good year for the department as we had a well known visitor in our Marina. It was the famous Greenpeace boat the RAINBOW WARRIOR. Vessel was berth at the I berth with the help of 2 of our RIBs and stayed for 9 days. The vessel left on the 11th of November 2007 with happy and fond memories of the Club. The wet berths have also seen a slight increase in occupancy from 35 berth in 2006, 48 in 2007 and 53 in March 2008. The Dept will have to work extra hard to increase the occupancy & it is recognized that a break water would surely help in this aspect. The dry berth also saw an increase in the boat/jet ski population. Jet skis showed the most significant increase with a total of 24.24% from year 2006 to present. We are considering ways to increase the potential for jet ski storage without taking up more boat shed space. Occupancy for the dry berth also showed an increment. At the end of 2006 the total number of boats stood at 100 inclusive of the open berth for boats and sailboats. Total
YEAR
DIESEL
2006 2007 2008 (Mar)
PETROL
2006 2007 2008 (Mar)
AMOUNT LITRES S$ 310,000 304,000 194,000 192,000 37,957 30,000
129,000 114,000 44,466
80,000 70,000 23,000
Customer Service The Marine Dept recognizes that it must compete with the new marina's in the region & to do so it must provide first class service & support to the members & visiting boaters. In Jan of 2008 we held the first of our “Meet the Boaters Night” to generate feedback & comments from the boaters at RSYC. Management & the Sub-Committee have obtained valuable feed back from those who attended & we have already started taking action on many issues raised by the members. We ANNUAL REPORT 2007 / 2008
report have agreed that these meetings should be held once every 3 months, so that we can monitor progress & go on to continuously improve the support to our members. Regular feedback will also be given via the notice boards, website & our club magazine. Facilities With the movement experienced in the wet berths, we have engaged in a continuous process of checking & tightening of the floating pontoons. Despite this, we have suffered a number of pontoon & bracket failures & even had to weld up some cracks in two of the piles. This on-going maintenance will continue in 2008 & beyond, as we need to ensure that we stay on top of the pontoon & other marina equipment condition. We do apologise for any inconvenience caused during these maintenance exercises as some boats may have to be repositioned for work to be carried out. Maintenance also took place in the dry berths & this included a complete repaint of the dry storage sheds as well as some repairs to the land subsidence under some of the boat sheds. This is an unfortunate fact of life because we are situated on reclaimed land. At the same time the Sub Com & management took the opportunity to re-look at maximizing boat space usage in the dry sheds so that we can accommodate more boats for members. We do apologise for any inconvenience caused during this period & trust that everyone understands the need to accommodate more boats given the increased interest in sea-sports & pleasure boating. I would like to take the opportunity to thank our Marina Management & Staff for their hard work over the last 12 months. Through the sub-committee, we strive for improvement in all areas and hope that the results meet the majority of our members’ approval. Finally I would like to thank all of the members of the Subcom who provided their time & efforts without compensation with the single aim of assisting management in improving the marine facilities & services so that all can enjoy. They are Philip Mason, Karl Nilssen, Christopher Nunns, Alex Reis and Capt Sukumaran.
Chairman John McGUGAN *100%
Members Philip MASON *38% Karl NILSSEN *63% Christopher NUNNS *88% Alex REIS *88% Capt Sukumaran *50%
Note: Number of meetings held from July 2007 to March 2008 = 8 Legend: *refers to percentage of meetings attended
ANNUAL REPORT 2007 / 2008
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Sea Sports Report
The Sea Sports Sub-Committee was introduced after the last AGM by combining the Powerboat Sub-Committee and the Sailing Sub-Committee to form a unified Sub-Committee to look after the interests of all RSYC's Boaters and Sailors. The mandate of this committee is not only to organize and promote sailing, and power boating activities for Members but also cement plans to broaden the scope of sea sports activities of the Club. We followed tradition to set the Cruise Plan for 2008 at the beginning of the year for RSYC Members. To date, we have organized cruises to various locations in Malaysia and Indonesia. Responses have been encouraging. On the sailing front, we welcome onboard our Head of Sea Sports, Gwenael Aribaud who joined us last year. He brings with him a wealth of professional sailing experience to RSYC. Gwenael also happens to be a very experienced sailing instructor. His contributions have no doubt helped the Club in perfecting procedures and programmes of the Sea Sports Academy.
training to aspiring sea sports athletes in the West Coast area of Singapore. With the official endorsement and logistical support from the Ministry of Education, RSYC Sea Sports Academy has begun providing sailing lessons for schools in the west zone. Along the way, we continue to receive strong support and sailing collaboration opportunities from Singapore Polytechnic and National University of Singapore. PPCDL RSYC's partnership with Maritime Education and Training Services (METS) for the PPCDL courses at the Club is progressing well. The sign up rate for the classes have been strong throughout the year with an average attendance of 22 students per class. The PPCDL courses have also become an extra avenue for the Club to recruit potential members to RSYC. CHARITY CRUISE 2007
Under Gwen's supervision, the RSYC sailing fleet has undergone upgrades and improvements at the beginning of 2008. New navigation equipments and sails have been installed on the J-24s. Racings sails are now available for the serious sailors who are looking for more speed and maneuverability. The Toppers also have been refitted with new sails and repaired.
The Charity Cruise to Pulau Hantu for the children of the Singapore Indian Education Trust was a resounding success with a number of RSYC boaters volunteering their time and equipment for these children who otherwise will not get the opportunity to go on such cruises. Taken onboard a flotilla of RSYC boats, twenty lucky children were treated to a day of fun in the sun, topped off by thrilling Jet Ski rides around Pulau Hantu.
RSYC REGATTA
LOOKING FORWARD
Despite the severe shortage of manpower in the Sea Sports Department during the time of the RSYC Regatta 2007, we managed to pull off another successful RSYC Regatta with 24 boats entraining the competition.
To successfully recruit new Members, Sea Sports Academy needs to be one of the Corner Stones that will carry the RSYC forward for the next 3 years. A 3-year look ahead plan has been made to assist incoming committee to achieve the goals set out.
RSYC SEA SPORTS ACADEMY After its inception in April of 2007, the Sea Sports Academy is slowly achieving its intended goal of providing professional ANNUAL REPORT 2007 / 2008
Moving forward, for RSYC to effectively sustain a credible sea sports activity hub, the Club will need to expand the number and types of boats in its fleet. The Club will also need to invest ANNUAL REPORT 2007 / 2008
report in Cruisers that Members can charter. The ability and the opportunity to be able to charter and pilot a boat, without having to actually own one is a very good incentive to join the Club. Having more club boats is also essential as we broaden our Sea-Sport offerings to Members. These boats should have the range and stability to both follow RSYC cruises and serve as RSYC's official club boat at Regattas and other arrangements. I would like to express my sincere appreciations to the members of the Sub-Committee for volunteering their time and resources for the benefit of RSYC Members. As for Management and Staff, a word of thanks for their hard work and dedication. I hope to see more of our Members actively participating in the upcoming sea sports activities.
Chairman Karl R. NILSSEN *100% Vice Chairman NEO Wee Sim *89% Members Keith DUNN *0% LULLA Prem Tirth *50% resigned in December 2007 Philip MASON *33% John McGUGAN *89% TAN Kay Hum *50% co-opted in September 2008 Note: Number of meetings held from August 2007 April 2008 = 9 Legend: *refers to percentage of meetings attended
ANNUAL REPORT 2007 / 2008
15
report
16
Treasurer’s Report Article Text.
Dear Fellow Members, OVERALL RESULTS It is with great relief and satisfaction that I am presenting our Club's financial report for the period 1 January 2007 to 31 December 2007. This year's financial accounts has been deemed as the basis-year to benchmark future audits by our external auditors though this is their second year as our Club's auditor. ENVIRONMENT When this Committee was elected and took office in July 2007, we were faced with the following challenges: a) Absence of a Finance and Administration Manager from April 07 to July 07, except for a brief 1 month in June 07. b) Almost the entire Finance team had left the Club by end April 07. c) Accounting system was not stable and some members had billing and payment errors. d) There were no proper Club Accounts for the initial 4 months after this Committee took office.
For Financial Year 2007, the Net Loss before tax was $337K. This was a vast improvement over 2006 which registered a Net Loss before tax of $604K. Included in 2007 Net Loss was a write off of S$353K. This mainly resulted from addressing the 7 areas of concerns raised by the external auditors in their 2006 Management Letter. Details on these write-offs can be found in Note 21 of the audited accounts. Effectively, from an operational perspective, this means that the Club in Financial Year 2007 had registered a Net Profit before tax of $16K. Allow me to analyze and highlight the improvements the Club had attained in 2007: a) The Club achieved a sales turnover of $11.2 Million. Although the sales turnover in 2007 was slightly lower than that achieved in 2006 by $50K, the net cash generated from operations instead rose from $576K in 2006 to $922K in 2007. b) Efforts were made by Management in 2007 to further improve profitability and control costs.
e) The external auditors on completion of their 1st year audit of 2006 accounting period, issued a Management Letter which contained 7 key concerns. f)
In an effort to illustrate this, data from Note 3 of the audited accounts were analyzed and made comparable by putting through adjustments. In 2007, Management introduced some changes to accounting treatment as well as putting through write-offs to address the areas of concerns raised by the external auditors in their 2006 Management Letter. The accounting treatment changes were:
The ex-General Manager submitted his resignation before our first Committee meeting.
We faced the challenges head-on and prevailed. We recruited our current Finance and Administration Manager, Ms Janet Yap in July 2007. Within a month, we had a core finance team to move the Club forward. They immediately embarked on a journey of understanding the Club's operations and concurrently started clearing the back-logs and putting the accounts in order. For this I am sincerely thankful to Janet and her team for the hard-work and perseverance in doing their job and facing many unpleasant situations. I would also like to thank all members for your understanding, patience, support and kindness extended to the Finance Team during this difficult period.
•
"Housekeeping Payroll" and "Housekeeping Expenses" were reclassified as part of Room Department Costs instead of treating these as General Administrative Costs.
•
Sea-sports income and expenditure were reclassified as part of Activities instead of Marina.
As Note 3 of audited accounts still show 2006 performance details prior to the reclassification and write-off of inventory, ANNUAL REPORT 2007 / 2008
report Food & Beverage 3,567
Rooms 1,284
Jackpot 4,842
Marina 1,439
Activities 101
Total 11,233
Cost of Sales Adjustments Inventory write-off Adjusted Cost of Sales
(1,356)
-
-
(242)
-
(1,598)
Contribution % Contribution
2,264 63.5%
1,284
4,842
1,197 83%
101
9,688
Payroll & related costs
(1,753)
(568)
(171)
(452)
(101)
(3,045)
Other direct costs Adjustment Inventory write-off (Allocated from $311K) Adjusted Other Direct Costs
(592)
(367)
(4,084)
(255)
(24)
(5,322)
168 (424)
49 (318)
5 (4,079)
9 (246)
4 (20)
235 (5,087)
Payroll + Other Costs Adjusted Dept Contribution
2,177
886
4,250
698
121
8,132
87
398
592
499
-20
1,556
2.4%
31%
12%
34%
-20%
2007 Revenue
53
53
(1,303)
(242)
(1,545)
Revenue
Food & Beverage 3,592
Rooms 993
Jackpot 4,816
Marina 1,592
Activities 302
Total 11,295
Cost of Sales
(1,389)
-
-
(380)
-
(1,769)
Contribution % Contribution
2,203 61.3%
993
4,816
1,212 76%
302
9,526
(1,605)
(222)
(164)
(349)
(208)
(2,548)
2006
Payroll & related costs Adjustment Housekeeping Payroll Adjusted Payroll Costs
(308)
(308)
(1,605)
(530)
(164)
(349)
(208)
(2,856)
Other direct costs Adjustment Housekeeping Expenses Adjusted Other Direct Costs
(510)
(138) (92)
(4,075)
(156)
(252)
(5,131) (92)
(510)
(230)
(4,075)
(156)
(252)
(5,223)
Payroll Costs
(2,115)
(760)
(4,239)
(505)
(460)
(8,079)
88
233
577
707
(158)
1,555
2.4%
23%
12%
44%
-52%
+
Adjusted Contribution
Other
Dept
ANNUAL REPORT 2007 / 2008
17
report
18
After the two tables have been made comparable, the following were our achievements in 2007: a) For Food & Beverage Department, although the profit contribution remained at 2.4%, the gross contribution after cost of sales improved from 61.3% to 63.5%. b) For Rooms Dept, the profitability increased from 23% to 31%. c) For Jackpot Dept, profit contribution remained at 12%. d) For Marina Dept, profit contribution decreased from 44% to 34% caused by lower fuel sales. It dropped from $440K in 2006 to $309K due to escalating fuel prices and costs. e) For Activities, the gross-approach to report revenues and costs was used in 2006 while the net-approach was used in 2007. "The Seasports Academy" label was launched in 2007 to promote interests in the various sea-sport activities.
f)
A record surplus of $50K was achieved at our Golf & Charity Dinner event. This amount was donated to the Singapore Indian Education Trust.
OUTLOOK With competition growing for a share of the same wallet, the committee recognized that we need to continuously improve ourselves in all areas of our service, talent development and ambience of our Club. Thus, we have approved some significant investment in our kitchen and people development. We are confident that these improvements will make your trip to the Club a much more memorable experience. Management will communicate these developments and changes on an on-going basis as it happens.
CONCLUSION Finally, I would like to express my appreciation and thanks to all our members, concessionaires, sponsors, advertisers, corporate customers and service providers for their continued support and patronage. A word of thanks is also extended to the Commodore and all my colleagues in the Management Committee, Finance Sub-Committee and other Sub-Committees for making time, effort and cooperation for the best interests of the Club. Last but not least, credit to all our Club Management and Staff for their contributions and leadership during their tenure in 2007.
g) The 2007 year-end party (promoted as Ahoy 2008) contributed a surplus of $7K.
Rajagopal G *70% Treasurer
h) We are pleased to inform effective July 2008 our Club will be debt free upon settlement of the last outstanding Term Loan with Standard Chartered Bank.
Jeyendran NAIDO *60% Vice Chairman
The Finance sub-committee recommended two documents for adoption as part of our Corporate Governance. Both documents were accepted in-principle by the current Main Committee. The two documents are "Audit Charter" and "Conflict of Interests Declaration". Both these documents were introduced to address the creation of an Audit Committee which was brought up in the last AGM.
Members PANG Leong Kim *80% Dennis LIN *70% Peter SEAH *50% TAN Kay Chuan *60% Note : Number of meetings held from July 2007 to April 2008 = 10 Legend: * refers to percentage of meetings attended
ANNUAL REPORT 2007 / 2008
report
Financial Statement
Independent Auditors' Report Income Statement Balance Sheet Statement of Changes in Accumulated Fund Cash Flow Statement Notes to the Financial Statements
ANNUAL REPORT 2007 / 2008
20 21 22 23 24 25-36
19
20
report
Auditor’s Report We have audited the accompanying financial statements of the Republic of Singapore Yacht Club (“RSYC”), which comprise the balance sheet as at 31 December 2007, and the income statement, statement of changes in accumulated fund and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes. Management's Responsibility for the Financial Statements The RSYC Committee is responsible for the preparation and fair presentation of these financial statements in accordance with the provisions of the Societies Act, Cap 311 (the ”Act”) and Singapore Financial Reporting Standards. This responsibility includes: (a) devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair income statement and balance sheet and to maintain accountability of assets; (b) selecting and applying appropriate accounting policies; and (c) making accounting estimates that are reasonable in the circumstances. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, (a) the financial statements are properly drawn up in accordance with the provisions of the Societies Act, Cap 311 (the ”Act”) and Singapore Financial Reporting Standards so as to give a true and fair view of state of affairs of the RSYC as at 31 December 2007 and the results, changes in accumulated fund and cash flows of the Club for the year ended on that date; and (b) the accounting and other records required by the Act to be kept by the Club have been properly kept in accordance with the provisions of the Act.
ROHAN MAH & PARTNERS Certified Public Accountants Singapore, 13 May 2008 (RK/AR/LZ/HB/ay) ANNUAL REPORT 2007 / 2008
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reciprocal clubs
Reciprocal Clubs
AUSTRALIA CAIRNS CRUISING YACHT SQUADRON 42-48 TINGIRA STREET PORTSMITH CAIRNS, QUEENSLAND 4870 CAPRICORNIA CRUISING YACHT CLUB ROSSLYN BAY YEPPOON, QUEENSLAND 4700 FREMANTLE SAILING CLUB INC MARINE TERRACE FREMANTLE, WESTERN AUSTRALIA GOLD COAST YACHT & GAME FISH CLUB 245 BAYVIEW STREET RUNAWAY BAY, QUEENSLAND 4216 HERVEY BAY SAILING CLUB INC ESPLANADE TORQUAY, QUEENSLAND 4655 KEPPEL BAY SAILING CLUB P O BOX 32 YEPPOON, QUEENSLAND 4703 MIDDLE HARBOUR YACHT CLUB LTD LOWER PARRIWI ROAD THE SPIT, MOSMAN, NSW AUSTRALIA 2088 NOOSA YACHT & ROWING CLUB GYMPIE TERRACE NOOSAVILLE, QUEENSLAND PORT CURTIS SAILING CLUB INC 1 GOONDOON ST GLADSTONE 4680, QUEENSLAND ANNUAL REPORT 2007 / 2008
PORT DOUGLAS YACHT CLUB INC PORT DOUGLAS, QUEENSLAND 4871
TIN CAN BAY YACHT CLUB INC NORMAN POINT TIN CAN BAY, QUEENSLAND 4580
QUEENSLAND CRUISING YACHT CLUB SINBAD STREET SHORNCLIFFE, QUEENSLAND 4017
THE DARWIN SAILING CLUB INC VESTEYS BEACH FANNIE BAY, DARWIN
ROYAL MELBOURNE YACHT SQUADRON PIER ROAD, ST KILDA WEST 3182, VICTORIA ROYAL PERTH YACHT CLUB OF WESTERN AUSTRALIA AUSTRALIA II DRIVE, CRAWLEY 6009 ROYAL PRINCE ALFRED YACHT CLUB 16 MITALA STREET NEWPORT 2106 NSW ROYAL QUEENSLAND YACHT SQUADRON A.C.N. 053 989 272 P O BOX 5021 MANLY QUEENSLAND 4179 ROYAL YACHT CLUB OF VICTORIA INC P O BOX 51 WILLIAMSTOWN, VICTORIA 3016 SANDRINGHAM YACHT CLUB JETTY RD, SANDRINGHAM, VICTORIA 3191 SOUTHPORT YACHT CLUB INC MACARTHUR PARADE MAIN BEACH, GOLD COAST, QUEENSLAND 4217
THE ROYAL YACHT CLUB OF TASMANIA MARIEVILL EESPLANADE SANDY BAY TASMANIA 7005 TOWNSVILLE MOTOR BOAT CLUB LTD P O BOX 484 TOWNSVILLE QUEENSLAND 4810 TOWNSVILLE SAILING CLUB P O BOX 5642 NC TOWNSVILLE, QUEENSLAND 4810 WHITSUNDAY SAILING CLUB LTD AIRLIE POINT, AIRLIE BEACH QUEENSLAND 4802 WYNNUM MANLY YACHT CLUB ROYAL ESPLANADE MANLY QUEENSLAND 4178 YORKEYS KNOB BOATING CLUB INC BUCKLEY STREET YORKEYS KNOB QUEENSLAND 4878 BAHRAIN BAHRAIN YACHT CLUB P O BOX 5390 MANAMA-BAHRAI N ARBIAN GULF, STATE OF BAHRAIN
37
38
reciprocal clubs BELGIUM ROYAL BELGIAN SAILIING CLUB J. SCHRANTSTRAAT NO 3 B.9000 GENT. EUROPE
IRELAND ROYAL CORK YACHT CLUB CROSSHAVEN CO. CORK
MONACO YACHT CLUB DE MONACO 16, QUAI ANTOINE IER MC 98000 MONACO
CANADA DEEP COVE YACHT CLUB 4420 GALLANT AVE NORTH VANCOUVER BRITISH COLUMBIA V7G 1L2
ITALY CLUB NAUTICO RIMINI P.LE BOSCOVICH, 12 47900 RIMINI
NETHERLANDS ROYAL MAAS YACHT CLUB VEERDAM 1, 3016 DD ROTTERDAM NETHERLANDS
YACHT CLUB ITALIANO PORTICCIOLO DUCA DEGLI ABRUZZI 16126 GENOVA
NEW ZEALAND THE ROYAL AKARANA YACHT CLUB THE LANDING TAMAKI DRIVE OKAHU BAY AUCKLAND NEW ZEALAND
FALSE CREEK YACHT CLUB 1661 GRANVILLE STREET VANCOUVER BRITISH COLUMBIA V6Z 1N3 ROYAL CANADIAN YACHT CLUB 141 ST GEORGE STREET TORONTO ONTARIO M5R 2L8 ROYAL NOVA SCOTIA YACHT SQUADRON 376 PURCELL'S COVE RD HALIFAX NOVA SCOTIA B3P 1C7 CHINA AMBASSY CLUB 1500 CENTRAL HUAIHAI RD SHANGHAI, 200031 SUZHOU TAIHU MERCURY CLUB & MARINA 81 LAKESIDE RD TAIHU NATIONAL TOURISM VACATION ZONE SUZHOU, JIANGSU 215164 GERMANY AUGSBURGER SEGLER-CLUB E.V. ED.-THÖNY-STR 26 . 86919 UTTING NORDDEUTSCHER REGATTA VEREIN SCHÖNE AUSSICHT 37 22085 HAMBURG EUROPE GUAM MARIANAS YACHT CLUB P O BOX 2297 AGANA 96910 HONG KONG ABERDEEN BOAT CLUB LIMITED 20 SHUM WAN ROAD ABERDEEN ROYAL HONG KONG YACHT CLUB KELLETT ISLAND CAUSEWAY BAY INDIA MADRAS BOAT CLUB RAJA ANNAMALAIPURAM MADRAS 60 0028
MALAYSIA / BRUNEI KINABALU YACHT CLUB JALAN ARU, TANJONG ARU KOTA KINABALU SABAH
ROYAL NEW ZEALAND YACHT SQUADRON SQUADRON ROOMS WESTHAVEN AUCKLAND
PERAK YACHT CLUB LOT 678 KG LALANG, KG BARU KARONG BERKUNCI NO 3 AYER TAWAR 32400 AYER TAWAR PERAK DARUL RIDZUAN
ROYAL PORT NICHOLSON YACHT CLUB CLYDE QUAY MARINA 103 ORIENTAL PARADE ORIENTAL BAY WELLINGTON
PIASAU YACHT CLUB SARAWAK SHELL BERHAD LOCKED BAG NO. 1 98100 LUTONG, SARAWAK
PHILIPPINES SUBIC BAY YACHT CLUB RIZAL HIGHWAY COR. BURGOS STREET SUBIC BAY FREEPORT ZONE
ROYAL LANGKAWI YACHT CLUB JALAN DATO SYED OMAR 07000 KUAH LANGKAWI, KEDAH DARUL AMAN
THE MANILA YACHT CLUB ROXAS BOULEVARD MANILA
ROYAL SELANGOR YACHT CLUB JALAN LIMBONGAN 42000 PORT KELANG SELANGOR SANDAKAN YACHT CLUB SIM SIM ROAD SANDAKAN SABAH TAWAU YACHT CLUB 91011 TAWAU SABAH ROYAL BRUNEI YACHT CLUB SIMPANG 664 JALAN KOTA BATU NEGARA BRUNEI DARUSSALAM KUALA BELAIT BOAT CLUB BRUNEI SHELL PETROLEUM CO SDN BHD SERIA KB 3534 NEGARA BRUNEI DARUSSALAM MALTA ROYAL MALTA YACHT CLUB COUVRE PORTE FORT MANOEL MANOEL ISLAND GZIRA – MALTA G.C. EUROPE
THE PUERTO GALERA YACHT CLUB PUERTO GALERA ORIENTAL MINDORO PHILIPPINE ISLANDS SEYCHELLES SEYCHELLES YACHT CLUB P O BOX 504 VICTORIA MAHE SEYCHELLES INDIAN OCEAN SOUTH AFRICA ROYAL CAPE YACHT CLUB SMALL CRAFT BASIN DUNCAN ROAD, TABLE BAY HARBOUR CAPE TOWN 8001 VICTORIA LAKE CLUB P O BOX 77 GERMISTON 1400 TANZANIA DAR ES SALAAM YACHT CLUB LEOPARD'S COVE MSASANI BAY
ANNUAL REPORT 2007 / 2008
reciprocal clubs THAILAND ROYAL VARUNA YACHT CLUB 286 PRATAMNAK ROAD PATTAYA CHONBURI THAILAND 20150 UNITED KINGDOM CLYDE CRUISING CLUB SUITE 101 PENTAGON CENTRE 36 WASHINGTON STREET GLASGOW G3 8AZ SCOTLAND DEBEN YACHT CLUB JETTY LANE, WOODBRIDGE SUFFOLK IP12 4BB LEANDER CLUB HENLEY-ON-THAMES RG92LP POOLE HARBOUR YACHT CLUB 38 SALTERNS WAY LILLIPUT POOLE PARKSTONE DORSET BH14 8JR ROYAL CHANNEL ISLANDS YACHT CLUB QUAY STEPS ST PETER PORT GUERNSEY GY1 2NB CHANNEL ISLANDS ROYAL CORINTHIAN YACHT CLUB THE PARADE COWES ISLE OF WIGHT PO31 7QU ROYAL CORNWALL YACHT CLUB GREENBANK FALMOUTH CORNWALL TR11 2SW ENGLAND ROYAL DART YACHT CLUB KINGSWEAR, DARTMOUTH DEVON TQ6 OAB ENGLAND ROYAL FOWEY YACHT CLUB WHITFORD YARD FOWEY CORNWALL PL23 1BH ROYAL LYMINGTON YACHT CLUB BATH ROAD LYMINGTON HAMPSHIRE S041 3SE ROYAL NORTHERN & CLYDE YACHT CLUB RHU DUNBARTONSHIRE G84 8NG SCOTLAND ROYAL SOLENT YACHT CLUB YARMOUTH ISLE OF WIGHT PO41 ONS ROYAL THAMES YACHT CLUB 60 KNIGHTSBRIDGE LONDON SW1X 7LF ANNUAL REPORT 2007 / 2008
ST. HELIER YACHT CLUB SOUTH PIER ST.HELIER JERSEY JE2 3NB CHANNEL ISLANDS THE ROYAL MOTOR YACHT CLUB "ENCHANTRESS" SANDBANKS POOLE DORSET THE ROYAL NAVAL CLUB & ROYAL ALBERT YACHT CLUB 17 PEMBROKE ROAD, OLD PORTSMOUTH HAMPSHIRE ENGLAND ROYAL ULSTER YACHT CLUB 101 CLIFTON RD, BANGOR CO DOWN BT20 5HY USA BALBOA YACHT CLUB 1801 BAYSIDE DRIVE CORONA DEL MAR CALIFORNIA 92625 BOCA RATON YACHT CLUB 4001 NORTH OCEAN BOULEVARD FLORIDA CORINTHIAN YACHT CLUB OF CAPE MAY P O BOX 260 CAPE MAY NEW JERSEY 08204 DEL REY YACHT CLUB 13900 W.PALAWAN WAY MARINA DEL REY CALIFORNIA 90291 EPPING FOREST YACHT CLUB 1830 EPPING FOREST DRIVE JACKSONVILLE FLORIDA 32217 FORT WALTON YACHT CLUB 180 FERRY ROAD N.E. FORT WALTON BEACH FLORIDA 32548 HALIFAX RIVER YACHT CLUB 331 SOUTH BEACH STREET DAYTONA BEACH FLORIDA LAHAINA YACHT CLUB 835 FRONT ST. LAHAINA MAUI HAWAII 96761 QUEEN CITY YACHT CLUB 2608 BOYER AVE WEST SEATTLE WASHINGTON 98102 SAN DIEGO YACHT CLUB 1011 ANCHORAGE LANE SAN DIEGO CA 92106 THE SAN FRANCISCO YACHT CLUB
98 BEACH RD BELVEDERE CA 94920-0379 SEATTLE YACHT CLUB 1807 EAST HAMLIN STREET SEATTLE WASHINGTON 98112 WAIKIKI YACHT CLUB 1599 ALA MOANA BOULEVARD HONOLULU HAWAII 96814 WAUKEGAN YACHT CLUB 15342 WEST CLOVER LANE LIBERTYVILLE ILLINOIS 60048
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40
past commodores
Past Commodores 1919 1920 1921 1922 1923 1924 1925 1926 1927
1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 – 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961
W F NUTT, O.B.E W M BLAKE W F NUTT, O.B.E W F NUTT, O.B.E SIR LAURENCE GUILLEMARD SIR LAURENCE GUILLEMARD SIR LAURENCE GUILLEMARD SIR LAURENCE GUILLEMARD SIR LAURENCE GUILLEMARD SIR LAURENCE GUILLEMARD C BODEN KLOSS SIR HUGH CLIFFORD SIR HUGH CLIFFORD SIR HUGH CLIFFORD R O WINSTEDT C BODEN KLOSS C BODEN KLOSS F G LUNDON F G LUNDON F G LUNDON F G LUNDON M H MATHESON M H MATHESON M H MATHESON E W SLIGHT E W SLIGHT E G HOLIDAY E W SLIGHT P A B MCKERRON P A B MCKERRON SIR PATRICK MCKERRON H WORHAM H WORHAM E G HOLIDAY E G HOLIDAY EG HOLIDAY J C ALLAN V C BATH E G HOLIDAY V C BATH SIR WILLIAM GOODE SIR WILLIAM GOODE J H P YOUNG E G HOLIDAY A W SCOTT
1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007
H PFRUNDER T G COTTERELL R A SANDFORD F R PITCHER F R PITCHER J SNOWDEN J SNOWDEN R G BEALE K SMEDLEY K SMEDLEY J SNOWDEN J SNOWDEN W H HENDERSON W H HENDERSON D F ROE D F ROE G W CHUBB TEO ENG TAT TEO ENG TAT TEO ENG TAT P F PHILLIPS C M FAIRFIELD R G URRY FRANCIS C H LEE FRANCIS C H LEE FRANCIS C H LEE HARRY S H HO HARRY S H HO HARRY S H HO LOO SOON HENG KAM CHAI HENG KAM CHAI HENG KAM CHAI HENG TAN KAY TOH TAN KAY TOH TAN KAY TOH LIM KWONG HOON, PBM LIM KWONG HOON, PBM LIM KWONG HOON, PBM TAN KAY TOH KHOO IH CHU KHOO IH CHU KHOO IH CHU TAN KAY TOH TAN KAY TOH B BALAKRISHNAN
ANNUAL REPORT 2007 / 2008