25 ANNUAL 26 R E P O R T GENERAL PURPOSE (RDR) FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2026
CON TEN TS
ii vi xii xiv 01 36 38
Executive Report
What We Offer
Our Staff Community
Our Club Community
Financial Report
Annual Community Support
Our Vision, Values, Purpose and Foundation
EXECUTIVE REPORT Christine Butters and Scott Bennetts
F
Y25/26 marked another year of meaningful progress for the Club, underpinned by disciplined financial management and a continued focus on sustainable growth. By further reducing debt and reinforcing our balance sheet, we have created greater flexibility to respond to opportunities and invest with purpose. This stronger foundation supports improvements to our facilities, broader community programs and enhanced services for members. As we begin the year ahead, the Club is well placed to build on this momentum, pursue its strategic priorities and deliver lasting value for our members and the wider community.
local sub-clubs, community organisations, and initiatives supporting vulnerable members of the community.
We confirm that the operating profit for FY25/26 was $9,343,805. This was a great result under the circumstances and gave the Club an EBITDA for the year of $20,461,406.
This funding enables the delivery of essential services, strengthens community capacity, supports grassroots sport and recreation, and enhances opportunities for local residents.
STRENGTHENING OUR STRATEGIC VISION In a rapidly changing industry, the Board of Directors continues to position Revesby Workers’ Club for long-term success, with a clear focus on community connection, innovation and sustainable growth. Looking ahead, the Board remains fully committed to the strategic direction established for Revesby Workers’ Club. Working closely with our management team and staff, we will continue to pursue opportunities that reflect our values, strengthen the Club and deliver meaningful benefits for our members and the wider community. We will continue to share updates as this work advances and appreciate the ongoing confidence and support of our members and community. ClubGRANTS 2026 Built on a tradition of community service and support, Revesby Workers' Club has played a significant role in supporting community wellbeing for over 6 decades. Revesby Workers' Club's annual investment through the ClubGRANTS program continues to deliver significant community outcomes, with $1,403,278 invested across ii
RWC ANNUAL REPORT 2025 / 2026
Christine Butters President
Scott Bennetts CEO
Revesby Workers' Club remains firmly committed to supporting victim-survivors and the organisations dedicated to preventing and responding to domestic and family violence. Through an investment of more than $278,000 via ClubGRANTS, the Club has helped fund specialist services and programs that deliver essential support, including crisis assistance, counselling, emergency accommodation, advocacy, and recovery services. For more than 60 years, Revesby Workers' Club has remained committed to investing in initiatives that strengthen the wellbeing of our local community and future generations. Recognising the growing need for youth mental health support, the Club has prioritised funding for programs that provide accessible services, early intervention, and ongoing care for young people and their families. With more than 65,000 young people living across the Canterbury-Bankstown region and national data showing that almost 39% of Australians aged 16-24 experience a mental health disorder in a 12-month period, the importance of local, community-based support services has never been greater.
has enabled local organisations to provide essential assistance to vulnerable individuals and families, including food relief, emergency support, community outreach programs, aged care services, social inclusion initiatives, and services aimed at reducing isolation and hardship. Through these investments, the Club continues to strengthen community resilience and ensure that those facing financial and social challenges can access the support they need during increasingly difficult times.
Top-Bottom: Photos from the ClubGRANTS presentation held in the Whitlam Theatre, Revesby Workers' Club.
In response, Revesby Workers' Club invested $187,348 into youth mental health services, helping local organisations expand their programs, increase access to support, and deliver critical services to young people when they need them most. This investment reflects the Club's ongoing commitment to creating a healthier, more resilient community by ensuring local young people have access to the resources, guidance, and support needed to thrive both now and into the future.
Revesby Workers' Club Staff supporting Charlotte's Wish.
The local community and members are the foundation of Revesby Workers' Club, recognising this, the Club contributed $134,415 to local sporting organisations and Revesby Workers' sub-clubs. As a community-led organisation for the local community, the Club recognises the important role these groups play in maintaining participation, connection, and belonging. This investment supports the growth of junior and grassroots sport, creates opportunities for people of all ages to participate in healthy and active lifestyles, and ensures local community groups have accessible spaces to meet, collaborate, and thrive.
Top-Bottom: Revesby Workers' Club supporting community organisations; Bankstown Koori Elders receiving their grant.
With the increasing pressures of the cost-of-living crisis and growing demand for support services, Revesby Workers' Club has invested a further $68,000 to expand welfare and social service initiatives across the local community. This funding
Top-Bottom: A selection of different sub clubs supported by the Club.
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EXECUTIVE REPORT
Through RWCommunity Amplified, Revesby Workers' Club continues to invest in education, wellbeing, community resilience, and charitable initiatives, creating positive outcomes for individuals, families, and community organisations across the region.
Continued...
The RWCommunity - Amplified program The RWCommunity Amplified Program continues to extend the Club's community support beyond ClubGRANTS, with a further investment of $653,270, bringing total community investment to $2.1 million. Through the Amplified Program, the Club delivered its School Subsidy Program, providing $16,000 in assistance across 5 local schools to support educational opportunities for the children of members across the community. A further $46,500 was invested in scholarships, helping local students pursue their educational goals and reach their full potential. These scholarships recognise achievement, encourage future leaders, and provide meaningful support to young people within our community. The program also supported a range of community fundraising initiatives. An example was the Green Keepers Bowls Day, where the Board committed $7,700 to dollar-fordollar matched funding to support the Club's Head Greens Keeper Craig Tuohy in his efforts to raise funds for prostate cancer awareness and research.
Craig Tuohy (centre) with the Green Keepers Bowls Day Cheque.
Top-Bottom: Photos from the Tertiary Scholarships Program presentation.
CLUBGRANTS YOUTH WELLBEING PROGRAMS
EDUCATION
$112,840 DOMESTIC AND FAMILY VIOLENCE
$278,000 iv
RWC ANNUAL REPORT 2025 / 2026
$187,348
TO DV
LOCAL GRASSROOTS SPORTS
$280,415
THANK YOU TO OUR STAFF AND MEMBERS With so much always happening at the Club, we want to take this opportunity to extend our sincere thanks to the people who make our Club the thriving community it is today, our incredible staff and our loyal members. Our staff continue to go above and beyond every day, living our core Values of adaptability, supportiveness, teamwork, and strength. Whether it's a major event or daily operations, their dedication and professionalism help create a warm and welcoming environment where every member feels at home. From front-of-house to behind-the-scenes, each team member plays a vital role in upholding the standards that define our Club. Their commitment is a driving force behind our continued success, and we are incredibly proud to have such passionate and capable people representing our Club. To our valued members thank you for your continued support, trust, and engagement. Your loyalty is the reason we exist, and it’s your presence that brings the Club to life. Whether you’ve been with us for five years or fifty, your ongoing involvement and pride in our community help us grow stronger every year. Together with the unwavering efforts of our staff and the loyalty of our members, we look forward to a bright future.
Top-Bottom: Revesby Workers' Club staff standing united against domestic and family violence.
Christine Butters President
Scott Bennetts Chief Executive Officer
RWCOMMUNITY - AMPLIFIED CHARITY SUPPORT AND DONATIONS
$117,129
SCHOLARSHIP TOTAL AMOUNT DONATED & EDUCATION
$101,635
COMMUNITY CONNECTION AND ENGAGEMENT *INCLUSIVE OF IN-KIND SUPPORT
$353,515*
$2,193,047 v
WHAT WE OFF Our Revesby Workers’ Club Group
Revesby Workers’ Club Est. 1962
Since opening its doors in 1962, Revesby Workers' Club has grown to become one of Sydney's leading leisure, dining and entertainment destinations, proudly serving nearly 60,000 members and playing a vital role in the social and economic wellbeing of the local community. The Club continues to evolve while remaining committed to its founding purpose of providing exceptional facilities, experiences and support for members and the broader community. The diverse club facilities cater to a wide range of interests and needs: • Restaurants and Bars; an array of options that cater to all tastes. • Theatre Entertainment; showcasing a variety of live performances. • Function Centre; purpose-built, well-equipped, versatile spaces to host events in style. • Stylish Lounges; ideal for enjoying local entertainment or supporting your favourite team. Additional specialised facilities and services: • Fitness Centre; a state-of-the-art facility with specialised programs for all fitness types. • Retail and Medical Precinct; convenient access to essential services and retail facilities. With its community at heart, the Club continually provides local community support to hundreds of community organisations, charities, sporting and social groups with much-needed funding through a range of programs, partnerships and schemes annually.
Club Facilities
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RWC ANNUAL REPORT 2025 / 2026
FER
vii
WHAT WE OFF Our Revesby Workers’ Club Group
Mooney Mooney Club
Est. 1971 l Part of Revesby Workers’ Club Group since 2004 Nestled on the scenic shores of the Hawkesbury River, Mooney Mooney Club offers a unique waterfront destination with sweeping views across to Brooklyn and a relaxed atmosphere that attracts both locals and visitors alike. As part of the Revesby Workers' Club Group since 2004, the Club combines natural beauty, quality hospitality and community connection in one of the region's most picturesque settings. The Club features expansive open-air balconies, comfortable indoor lounge areas, lawn bowls facilities, wharf access and a children's playground, creating a welcoming environment for members, day-trippers and boating enthusiasts exploring the Hawkesbury River. Its unique waterfront location continues to make it a popular destination for recreation, dining and social connection. A highlight of the venue is Coastal Dining, renowned for its fresh produce, quality meats and seafood served in a relaxed riverside setting. Complementing this offering is Hawkes, the Club's vibrant outdoor dining experience set amongst lush lawns overlooking the Hawkesbury River. Hawkes provides a casual and contemporary destination where guests can enjoy brunch, long lunches, family gatherings and relaxed afternoons with friends while taking in the spectacular natural surroundings. Its focus on fresh, locally inspired food and welcoming atmosphere has further strengthened Mooney Mooney Club's reputation as a premier hospitality destination on the Hawkesbury. Located approximately 45 minutes from Sydney and midway between Sydney and the Central Coast, Mooney Mooney Club continues to provide members and guests with an exceptional blend of dining, recreation and riverside hospitality. With its distinctive waterfront setting, diverse dining experiences and strong community appeal, the venue remains a cherished destination for families, visitors and locals alike.
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RWC ANNUAL REPORT 2025 / 2026
FER Revesby Greens
Est. 1957 l Part of Revesby Workers’ Club Group since 2009 A valued part of the local community since 1957, Revesby Greens continues to provide a welcoming and relaxed environment for bowlers, members and visitors alike. As part of the Revesby Workers’ Club Group since 2009, the venue combines the traditions of lawn bowls with contemporary hospitality, creating a vibrant community hub for social connection, recreation and events. Set amongst beautifully maintained greens and gardens, Revesby Greens offers a casual and inviting atmosphere, with comfortable indoor and outdoor spaces that cater to a wide range of activities. The venue is home to an active bowls community, while also welcoming families, community groups and local sporting organisations throughout the year. Revesby Greens has become a popular destination for social gatherings, corporate events and private celebrations, with barefoot bowls remaining a favourite activity for groups of all ages. The Club's relaxed setting, flexible event spaces and food and beverage packages make it an ideal location for birthdays, team-building activities, community events and special occasions.
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WHAT WE OFF Specialty Facilities and Services
Health Mates Health Mates continues to provide members with a premium fitness and wellness experience in a supportive and welcoming environment. Conveniently located on the ground floor of Revesby Workers’ Club and now operating 24 hours a day, seven days a week, the centre features first-class facilities, state-of-the-art equipment, and dedicated spaces for cardio, strength training, group exercise, and functional fitness. Designed to support members at every stage of their health journey, Health Mates offers personalised fitness appraisals, tailored exercise programs, personal training services, and ongoing support to help members achieve their goals. The centre boasts one of Sydney’s most extensive group fitness timetables, with more than 60 classes each week, including Cycle, Zumba, Yoga, Pilates, HIIT and specialised programs for seniors. Beyond exercise, Health Mates takes a holistic approach to wellbeing, providing access to accredited health professionals, educational workshops, seminars, exercise physiology services and remedial massage therapy. More than just a fitness centre, Health Mates is a vibrant community where members are supported, motivated and empowered to improve their physical, mental and overall wellbeing.
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RWC ANNUAL REPORT 2025 / 2026
FER Revesby Village Centre and Brett Street Medical Precinct Revesby Village Centre is a convenient retail, medical and lifestyle destination located in the heart of Revesby, offering a diverse mix of essential services and everyday convenience under one roof. Anchored by a flagship Coles supermarket and supported by a range of specialty retailers, dining options and convenient services, the centre provides an accessible shopping experience for the local community. With more than 230 undercover parking spaces and a location just moments from Revesby Station, convenience remains at the heart of the centre's offering. The centre's dedicated medical precinct brings together a broad range of healthcare and specialist services, enabling visitors to access quality care in one convenient location. Whether attending a health appointment, completing weekly shopping or meeting friends for coffee, visitors can enjoy a seamless experience in a welcoming environment. Complementing the retail and medical offerings, the entertainment level features Pin Palace and Flip Out, providing family-friendly recreation and activities for all ages. Together, these elements position Revesby Village Centre as a vibrant community hub where shopping, health, dining and leisure come together to meet the needs of residents and visitors alike.
xi
OUR STAFF
COMMUNITY A REFLECTION OF OUR CORE VALUES
Ca s
Ma le
These values are not just words on a wall but the guiding principles that shape our daily interactions and drive our collective success.
Total Staff
Permanent Part-Time
F
ta
l 0 ul 10 ff 54%
im -T
e
RWC ANNUAL REPORT 2025 / 2026
75
xii
S
Staff Party
269
Fem ale
Purple Friday
% 46
By embracing these core values, we continue to build a cohesive and resilient team, ready to face the future with confidence and shared purpose.
St a
ff
At the heart of our Club lies a vibrant staff community, each member embodying the values of adaptability, teamwork, support, and strength.
u
94 al
8.80 yrs Average Tenure
OUR FOUNDATION
Respect Our Heritage | Honour Our Values | Ensure Our Future
Clubwide Staff Meetings
OUR VALUES ADAPT
LE AB
The Wrench has the adaptability to accomplish all tasks essential for success.
SUPPO
ORK
The Cog is the continual collaboration uniting passionate individuals.
TEAMW
IVE RT
The Glove is protective, supportive, and most importantly, inclusive of all.
STRE N
GT
H
The Hammer gives us determination to strive for our goals through all adversities.
xiii
OUR CLUB
COMMUNITY We put our people first, be a pillar in the community, and are continually responsible to ensure longevity into the future. With its community at heart, the Club continually provides local community support to hundreds of community organisations, charities, sporting and social groups with muchneeded funding through a range of programs, partnerships and schemes annually.
CHARLOTTE'S WISH: TURNING TRAGEDY INTO HOPE Some stories leave a lasting mark on a community. Charlotte's Wish is one of those stories. Charlotte was a bright, kind and much-loved young girl whose life was tragically cut short following a devastating bullying incident. In the face of unimaginable grief, her parents, Mat and Kellie, chose to honour Charlotte's memory by creating Charlotte's Wish, a charity dedicated to supporting young people, raising awareness around bullying, and ensuring Charlotte's legacy continues to make a positive impact on the lives of others. Through Charlotte's Wish, Mat and Kellie they have worked tirelessly to advocate for safer communities, support young people facing challenges, and provide opportunities for children and families who may otherwise miss out. Their commitment to creating positive change has resonated deeply throughout the Canterbury-Bankstown region and beyond, inspiring countless individuals, businesses and community organisations to get behind the cause. At Revesby Workers' Club, we are incredibly proud to support Charlotte's Wish and the extraordinary work being undertaken by Mat, Kellie and the wider Charlotte's Wish team.
Walk Week Fundraising Initiative Last November, the community laced up their walking shoes for Walk Week, a week-long fundraising challenge that brought together individuals, schools, businesses and community groups in support of a meaningful cause. Designed to promote physical activity, wellbeing and community connection, participants tracked their kilometres, shared their journeys and rallied their networks to make a positive difference. Thanks to the incredible support of participants and sponsors, Revesby Workers' Club raised $14,820 for the Charlotte's Wish Scholarships, helping young people access opportunities and experiences that may otherwise have been beyond reach. The impact of the initiative extended far beyond the local community, with Walk Week growing into a global movement. Across four countries, more than 340 participants collectively walked over 6,700 kilometres, raising in excess of $45,000 to support mental health initiatives and youthfocused programs.
Charlotte's parents, Mat and Kellie.
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RWC ANNUAL REPORT 2025 / 2026
Revesby Workers' Club Staff supporting Charlotte's Wish.
OUR PURPOSE
People Focused l Community Proud l Business Responsible Mayor's 24 Hour Walk In April, Mayor Bilal El Hayek stood behind the cause with ‘The Mayor's 24 Hour Walk for Mental Health’, bringing together local leaders, businesses, organisations and residents to walk continuously for 24 hours in support of important local causes. Revesby Workers' Club proudly joined the challenge, standing alongside the community to raise funds and awareness for Charlotte's Wish. Through this initiative, the club pledged $10,000 towards Charlotte's Wish Scholarships, ensuring Charlotte's legacy continues to support and empower young people throughout our community.
Charlotte's Wish and the powerful legacy of their daughter Charlotte. Their message of kindness, acceptance and creating positive change resonated strongly with attendees and reinforced the importance of building more inclusive communities. In support of this important initiative, Revesby Workers' Club proudly contributed $20,000 to Charlotte's Wish Scholarships, helping young people access opportunities that may otherwise be beyond reach.
Revesby Workers' Club proudly participated in the Mayor's 24 Hour Walk.
Light on the Hill Anti-Bullying Forum The Light on the Hill Society, a Revesby Workers' Club subclub, is dedicated to promoting discussion, education and community engagement around important social, economic and public policy issues. Inspired by the Club's commitment to social awareness and community leadership, the Sub Club provides a platform for meaningful conversations on issues that impact local residents. This year, the Light on the Hill Society hosted an AntiBullying Forum, shining a spotlight on kindness, inclusion and the importance of standing together against bullying. Bringing together the wider community, the event encouraged open dialogue and greater understanding of the lasting impacts bullying can have on young people and the broader community. A highlight of the evening was a special Q&A session with Mat and Kellie, who shared the inspiring story behind
Revesby Workers' Club proudly contributing $20,000 to Charlotte's Wish Scholarships.
Charlotte's Wish Gala Event As a proud Silver Sponsor of the Charlotte's Wish Gala, Revesby Workers' Club contributed $10,000 to support Kids Helpline and the vital services it provides to children, young people and families across Australia. The gala brings together supporters, community leaders and local businesses for an evening dedicated to raising funds, celebrating impact and continuing the important work of Charlotte's Wish. Revesby Workers' Club is proud to be more than just a sponsor. Through financial contributions, event support, promotion, volunteer involvement and community partnerships, the Club has stood alongside Charlotte's Wish in its mission to create safer, kinder communities for young people. Together, we have helped raise awareness of bullying, support scholarship opportunities and ensure xv
OUR CLUB
COMMUNITY Charlotte's legacy continues to make a lasting difference. This partnership reflects our shared commitment to supporting local families and investing in the wellbeing and future of our community.
partners through a series of activities focused on education, awareness, fundraising and practical support for individuals and families experiencing domestic and family violence.
Club staff standing united against domestic and family violence.
Charlotte's Wish Gala Event.
PURPLE WEEK: TURNING AWARENESS INTO ACTION This year marks the first anniversary of Purple Fridays at Revesby Workers' Club, an initiative that reflects our ongoing commitment to raising awareness of domestic and family violence and supporting those impacted by it. Each Friday, staff wear purple as a visible symbol of support for victimsurvivors and a reminder that domestic and family violence is an issue that affects our communities every day. What began as a simple gesture has become an important part of the culture, helping Club staff marking the first anniversary of Club's Purple Fridays. spark conversations, increase awareness and demonstrate solidarity with those seeking safety and support. To celebrate the initiative's one-year anniversary, the Club expanded its efforts through a dedicated Purple Week, bringing together staff, members and community xvi
RWC ANNUAL REPORT 2025 / 2026
Supporting Those Who Need It Most Revesby Workers' Club believes that awareness must be matched with action. Over the past year, the Club has supported several initiatives that deliver practical assistance to victim-survivors at different stages of their journey. StandByU Foundation Through the Club's investment in StandByU, eight Safety Shields have been provided since May 2026, supporting seven local women and one child. These innovative devices offer an additional layer of protection and reassurance, helping recipients feel safer while accessing support services and rebuilding their lives.
Revesby Workers' Club supporting StandbyU and WDVCAS.
DV Safe Phones Having access to a safe and reliable mobile phone can be life-changing for someone escaping domestic and family violence. Through the generosity of the local community, 45 unused mobile phones were donated and diverted from
OUR PURPOSE
People Focused l Community Proud l Business Responsible
landfill to be refurbished as DV Safe Phones, ensuring victimsurvivors can remain connected to emergency services, support organisations, family members and trusted networks when they need it most.
assembling emergency care packages for women and children fleeing domestic and family violence. These bags contain essential everyday items that provide immediate comfort and support during times of crisis, helping recipients navigate an incredibly challenging period with dignity and care.
To further strengthen this vital initiative, Revesby Workers' Club contributed $25,000 towards the program, helping facilitate the distribution of 250 DV Safe Phones to victimsurvivors. This support provides DV Safe Phone drop off box located a critical lifeline for individuals next to club reception. experiencing domestic and family violence, improving access to safety, support and independence during times of crisis. Justice Support Centre – Safe at home program A $15,000 contribution has been provided to Justice Support Centre – WDVCAS (Women’s Domestic Violence Court Advocacy Service) to support the Safe at Home program. Delivered in partnership with the Bankstown Police Domestic Violence Team, the initiative provides tailored home security systems for up to 77 high-risk victimsurvivors. The program is designed to help individuals and families remain safety in their own homes, reducing the need to relocate in times of crisis. Importantly, it also strengthens crucial evidence collection and enables faster responses from support services and police, allowing for earlier intervention when it matters most. By combining practical safety measures with coordinated support, Safe at Home offers a critical layer of protection for those in vulnerable situations. Escabags Volunteering Revesby Workers' Club's support extends beyond financial contributions. During Purple Week, members of the Club's Executive Leadership Team volunteered with Escabags,
Club Senior Leadership Team volunteering at Escabags.
More Than Awareness While Purple Fridays are a visible reminder of the issue, they also represent something greater: a commitment to creating meaningful change. Through partnerships with organisations including Stand By You, DV Safe Phones, Justice Support and Escabags, Revesby Workers' Club is helping deliver practical outcomes that improve safety, provide connection and support recovery for victim-survivors across our community. As we celebrate one year of Purple Fridays, we remain committed to turning awareness into action and continuing to support programs that provide hope, dignity and safety to women, children and families affected by domestic and family violence. xvii
OUR CLUB
COMMUNITY BIYANI HOUSE: CREATING STABILITY AND HOPE
SAFETY,
For women and children escaping domestic and family violence, having a safe place to go can be the difference between crisis and the opportunity to rebuild. Since opening its doors in January 2022, Biyani House has provided emergency accommodation, support services and hope to women and children experiencing domestic and family violence and homelessness. Located in the Canterbury-Bankstown region, Biyani House was established to address a critical gap in local services and provide a safe, culturally inclusive environment where women and children can begin their journey towards recovery and independence. As demand for domestic and family violence services continues to grow across Southwestern Sydney, Biyani House remains a vital community resource, offering not only crisis accommodation but access to practical support, counselling, advocacy and pathways towards long-term stability. Meeting a Critical Community Need The impact of Biyani House extends far beyond providing a roof over someone's head. Since opening, the service has supported hundreds of women and children through accommodation, outreach services, safety planning and recovery support. Recent reports highlight the significant demand for these services, demonstrating the ongoing need for safe accommodation and wraparound support in our local community.
195
10,424
Accommodated
Women & Children
Average Stay
70 Nights
xviii
Safe Bed Nights
FY2026
18
Women
325 Supported
20 Children
Have been supported
RWC ANNUAL REPORT 2025 / 2026
Women
(not accommodated in shelter)
Every woman who arrives at Biyani House is met with more than safety. She is provided with an opportunity to regain confidence, access support services, rebuild independence and create a future free from violence. Revesby Workers' Club Supporting Local Women Revesby Workers' Club is proud to be a longstanding supporter of Biyani House and its mission to provide safety, dignity and opportunity to women and children in crisis. Our support extends beyond funding. The Club has stood alongside Biyani House throughout its journey, supporting initiatives that strengthen the service and improve outcomes for the women and families who rely on it. The broader Revesby Workers' Club community has also contributed through volunteering, in-kind assistance, maintenance support and fundraising efforts, demonstrating the power of community working together for a common purpose. Investing in Wellbeing Recognising that recovery extends far beyond emergency accommodation, Revesby Workers' Club has made a significant investment in the development and growth of Biyani House's Wellbeing Program. In 2025, the Club committed $40,000 to establish the program, followed by a further $35,000 investment in 2026 to expand wellbeing initiatives for both residents and frontline support workers. This funding has enabled the onboarding of three additional support officers, delivering a range of engagement and wellbeing activities for women and children, including arts programs, cooking classes and homework clubs. A key highlight has been the introduction of the "Let's Create" Art Program, which received overwhelmingly positive feedback from participants and has now become a monthly initiative. With additional activities planned, the program continues to grow and evolve to meet the needs of residents. Early outcomes have demonstrated a positive impact on shelter life, helping to build connection, confidence and
OUR PURPOSE
People Focused l Community Proud l Business Responsible
wellbeing among women and children while also providing valuable support for the dedicated staff who care for them.
Left-Right: Selection of artworks from the "Let's Create" Art program.
The Impact of Community Support Support for Biyani House creates meaningful and lasting change for women and children escaping domestic and family violence and homelessness. Contributions help: • Create safety during times of crisis through access to emergency accommodation and support services. • Provide essential items including food, clothing, toiletries and educational resources. • Remove barriers to wellbeing through access to transport, healthcare, counselling and specialist support services. • Build confidence, resilience and independence through wellbeing and recovery programs. • Create pathways to training, employment and financial independence. • Provide safe, welcoming and trauma-informed environments where women and children can heal and rebuild. These supports help transform moments of crisis into opportunities for recovery, stability and hope. Rallying the Community Through International Women's Day The Club's support of Biyani House extends beyond direct funding and partnership initiatives.
Through Revesby Workers' Club's International Women's Day events and community fundraising efforts, an incredible $66,792.95 has been raised in support of Biyani House and the vital services it provides to women and children escaping domestic and family violence. This remarkable result reflects the generosity of Club members, guests, sponsors and community partners who came together to support one of the region's most important frontline services. Every dollar raised contributes towards creating safer futures for women and children, helping provide crisis accommodation, practical support, wellbeing initiatives and pathways towards independence.
Key Contributions
$188,157.95
Total community funding contributed to Biyani House and its residents
$66,792.95
Raised through Revesby Workers' Club's 2026 International Women's Day fundraising initiatives for Biyani House.
$5780.00
Raised though Purple Friday initiatives
$50,585.00
In waived property rental, rates & utilities
$35,000.00
Investment supporting the continuation and expansion of the Wellbeing Program in 2026.
$30,000.00
Investment into shelter operational support
RECOGNITION OF IMPACT: AWARDS HONOURING COMMUNITY EXCELLENCE The past year has seen Revesby Workers' Club recognised on both a state and national stage, with two prestigious awards acknowledging our commitment to creating meaningful and lasting outcomes within the community. xix
OUR CLUB
COMMUNITY These awards are a reflection of the partnerships, programs and people who work together to make a difference every day, supporting education, inclusion and opportunities for those who need it most. National Recognition for the Tertiary Scholarship Program In 2025, Revesby Workers' Club was honoured to receive the prestigious Leagues Club Australia (LCA) John Knipe Award for its longstanding Tertiary Scholarship Program. The award recognises clubs that deliver outstanding community or charitable initiatives and make a significant, long-term impact beyond traditional funding programs.
The John Knipe Award is a significant acknowledgement of the Club's long-term investment in education and our belief that every young person should have the opportunity to reach their full potential. Through the scholarship program, generations of local students have been supported to pursue their goals, creating a legacy that continues to strengthen our community. ClubsNSW Award for Fostering Grassroots Sport Revesby Workers' Club was also recognised at the 2026 ClubsNSW Clubs & Community Awards, receiving the Fostering Grassroots Sport Award for its partnership with FosterCare Sports. The award celebrates the Club's support of an innovative initiative that helps children and young people in foster care and out-of-home care access local sporting opportunities. Through financial assistance and community partnerships, barriers such as registration fees, uniforms and sporting equipment are removed, allowing children to participate in xx
RWC ANNUAL REPORT 2025 / 2026
For many children, participation in sport provides far more than physical activity. It creates a sense of belonging, routine, confidence and connection during what can be an incredibly challenging period in their lives. Through its partnership with FosterCare FC, Revesby Workers' Club became the program's founding impact partner locally, helping children build resilience, friendships and positive community connections.
Impact Insights
For more than six decades, the Revesby Workers' Club Tertiary Scholarship Program has helped local students pursue higher education by easing financial barriers and supporting their academic aspirations. The program has assisted students across a wide range of fields including health, engineering, law, science, trades and the arts, helping develop future leaders within our community.
sport and experience the benefits of being part of a team.
140+ player registrations
25+ LGAs
6 states
17 active referral partners
50+ families supported
12 sports
7 program sponsors
40 sporting clubs
“Playing football, has not only supported this young person to get out in the community and stay fit and healthy, but engage in a positive mindset, meet new children his age, learn discipline, connecting with his coach and club and learn how to work as a team, through developing skills in the sport he loves. Without this program, he wouldn't be playing football, and he wouldn't be able to share his stories about how his defence skills are improving each week. He is a shy kid that likes to stay in his room, now he is training two times a week and playing games on Saturday. He is thriving through sports and that is thanks to FOSTERCARE FC and his club..”
Community Service Centre Child Protection caseworker
OUR PURPOSE
People Focused l Community Proud l Business Responsible
Community at the Heart While these awards are a tremendous honour, they ultimately represent something far greater than recognition.
community events and the much-loved Friday night Charity Meat Raffles, the Foundation has raised hundreds of thousands of dollars to support the local community.
They reflect the Club's commitment to investing in people, supporting local families and creating opportunities that help individuals thrive. Whether through education, sport, community partnerships or social impact programs, Revesby Workers' Club remains dedicated to strengthening our community and improving lives.
Over the years, the Foundation has funded a range of critical medical equipment for Bankstown-Lidcombe Hospital, helping clinicians deliver better patient care and improving health outcomes for thousands of local residents. Previous donations have included portable ventilators, patient lifting equipment, specialised birthing unit furniture and advanced ultrasound technology, ensuring local healthcare providers have access to the resources they need.
These achievements belong to the many staff, volunteers, community partners and members who support the Club's vision of creating positive and lasting change.
A Record Investment in Local Healthcare In July 2026, the Bill Bullard Charity Committee hosted its annual Christmas in July Fundraising Gala, bringing together members, supporters and community leaders to celebrate another year of giving back. The evening culminated in the announcement of a remarkable $103,513 investment into Bankstown-Lidcombe Hospital, further strengthening the Foundation's longstanding partnership with one of the region's most vital healthcare providers.
Left-Right: Revesby Workers' Club recieves the John Knipe Award and Club President Christine Butters accepting the Fostering Grassroots Sport Award at the 2026 ClubsNSW Clubs & Community Awards.
The Bill Bullard Charity Foundation: A Legacy of Giving Named in honour of the late Revesby Workers' Club President Noel Edward "Bill" Bullard OAM, the Bill Bullard Charity Foundation continues a proud tradition of supporting local people and strengthening the community. Bill served on the Club's Board from the late 1970s and as President from 1982 to 1995, where he championed programs that supported working families, education initiatives and local charities. His vision helped establish a culture of community service that remains at the heart of Revesby Workers' Club today. Following Bill's passing, the Foundation and its dedicated Charity Committee continued this commitment, transforming the generosity of members into meaningful support for local causes. Through fundraising activities,
Club Vice President Christine Benham and Club directors with the cheque to Bankstown-Lidcombe Hospital.
The funding will support the purchase of a range of specialised medical equipment across multiple hospital departments, directly enhancing patient care, comfort and safety.
xxi
OUR CLUB
COMMUNITY A significant portion of the donation, $34,210, will fund a CT Injector for the Radiology Department, supporting a second CT scanner and enabling more efficient contrast imaging studies. The additional equipment will help improve diagnostic capabilities and reduce wait times for patients requiring advanced medical imaging. Within the Intensive Care Unit, the Foundation has funded two ICU Care Chairs valued at $14,444. These specialised chairs support early patient mobilisation, an important aspect of recovery that can reduce complications such as deep vein thrombosis and improve overall patient outcomes.
The investment will also see the purchase of a new LX Ultrasound Machine for the Anaesthetics Department, valued at $19,459. This advanced technology will assist clinicians with a range of procedures, helping to improve accuracy, efficiency and patient outcomes throughout the surgical journey. Finally, five Recliner Chairs valued at $11,400 will be provided to enhance the patient and visitor experience across the hospital. These chairs will offer greater comfort for patients undergoing treatment and provide a welcoming space for family members supporting loved ones during their care. Continuing Bill Bullard's Legacy The 2026 Christmas in July donation represents more than just new equipment. It reflects the generosity of Club members, the dedication of the Charity Committee, and the enduring legacy of Bill Bullard. Through every raffle ticket sold, fundraising event attended and donation made, Revesby Workers' Club members continue to make a tangible difference in the lives of local families. Revesby Workers' Sub-Clubs: A Tradition of Connection, Participation and Community Over 6 decades, generations of members have found connection through Revesby Workers' Club's network of sub-clubs. Since the Club's establishment in 1962, its subclubs have played a vital role in shaping the culture and community spirit that continues to define Revesby Workers' Club today.
Top-Bottom: Photos from the annual Christmas in July Fundraising Gala.
Recognising the importance of patient safety, the Foundation has also committed $22,000 towards four Low-Low Beds for the Emergency Department. Designed to minimise the risk of falls, these beds provide greater protection for vulnerable patients while supporting clinical staff in delivering safe care during busy periods. xxii
RWC ANNUAL REPORT 2025 / 2026
From the development of junior sport through Little Athletics, Football, Netball and Swimming, to the camaraderie within Darts, Hockey, Golf Men's, Snooker, Lawn Bowls, Fishing, the Garden Club and Revesby Writers, these groups have provided countless opportunities for members to participate, compete, volunteer and build lifelong friendships. Many of these clubs share a rich history that reflects the growth of both Revesby Workers' Club and the local community it serves. Among the oldest is the Revesby Workers' Golf Club, officially formed on 21 September 1962, just days after the Club opened its doors. Alongside golf, the
OUR PURPOSE
People Focused l Community Proud l Business Responsible
Fishing Club and RW Football Club also trace their origins back to the Club's earliest years, helping to establish the strong sporting culture that remains a defining feature of Revesby Workers' Club today. As the Club grew, so too did its network of sporting and social groups. The Men's Lawn Bowls in 1967 and Ladies Indoor Bowls in 1968, both clubs have continued to grow over the years having recently merging into a singular mixed bowling club under the banner of Revesby Workers’ Bowling club in 2025. Over the decades, these clubs have welcomed thousands of members and volunteers, many of whom have contributed countless hours to building a vibrant and inclusive community.
while the Revesby Writers' Club, established in 2009, provides a welcoming space for local authors, poets and storytellers to share their craft and inspire others. While proudly preserving its traditions, the Club has never stood still and supported the changing dynamic of the community seeing some of our sub club’s flourish.
The Chess Club.
More recently, Revesby Workers' Club welcomed the Revesby Workers' Chess Club in 2026 as the first new sub-club established in many years and a reflection of the evolving interests of today's members.
Today, every sub-club contributes to the vibrant and inclusive community that Revesby Workers' Club is proud to support, ensuring the Club continues to create opportunities for future generations.
Blast from the past! Little Athletics (top); Garden club (bottom, left) and Netball club (bottom, right).
Beyond sport, Revesby Workers' Club has embraced creativity, learning and personal development. The Garden Club, established in 1989, continues to bring together members with a passion for gardening and community, Top-Bottom: Photos of the different sub clubs that the Revesby Workers' support.
xxiii
Contents to the Financial Report Directors' Report
1
Auditor's Independence Declaration
7
Independent Auditor's Report
8
Directors' Declaration
10
Consolidated Statement of Profit or Loss and Other Comprehensive Income
11
Consolidated Statement of Financial Position
12
Consolidated Statement of Changes in Members’ Funds
13
Consolidated Statement of Cash Flows
14
Notes to the Consolidated Financial Statements
15
Consolidated Entity Disclosure Statement
35
xxiv
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Directors’ Report
THE BOARD OF
DIRECTORS
The directors present their report, together with the financial statements of Revesby Workers’ Club Ltd (the company) for the year ended 30 June 2026. The directors of the company in office at any time during or since the end of the financial year are:
QUALIFICATIONS, EXPERIENCE AND SPECIAL RESPONSIBILITIES C M (Christine) Butters - Registered Nurse & Midwife, GAICD (Graduate of the Australian Institute of Company Directors), Life Member of Revesby Workers' Club
Christine Butters President
• President since October 2024 (2 years) • Director since September 2010 (16 years) • Liaison Director - Revesby Workers' Garden Club, Revesby Ladies Group, and Revesby Workers' Junior Athletics • Life Member - Revesby Workers' Little Athletics Centre • Secretary - Southern Metropolitan Zone Athletics • Former Director - Bankstown City Aged Care 2020 - 2025 • Vice President - Western Metropolitan Region Committee of ClubsNSW • Chairperson of the ESG and Risk Committee • Committee Member of the Business and Building Committee • Chairperson of the RWC Community Committee C E (Christine) Benham - FCISI (Chartered Institute for Securities and Investment), Life Member of Revesby Workers' Club
Christine Benham Vice President
• Vice President since October 2024 (2 years) • Director since November 2008 (18 years) • Over 30 years career in managing investment and corporate assets domestically and internationally • Liaison Director - Revesby Workers’ Netball Club, Revesby Workers' Women’s Hockey, Revesby Workers' Swim Club, Bankstown Stroke Support Group, Revesby Workers' Chess Club and Revesby Workers’ Seniors Golf Club • Chair Bill Bullard Charity Committee and Welfare Coordinator • Life member Revesby Workers’ Cricket Club • Life member Bankstown District Cricket Association • Secretary - Revesby Workers' Cricket Club • Director - Bankstown District Cricket Association • Former Committee Member Peter "Bullfrog" Moore Memorial Sports Foundation • Community Representative School Council - Caroline Chisholm Public School • Bankstown City Council Citizen of the Year 2009 • Committee member of the ESG and Risk Committee • Committee member of the RWC Community Committee
1
Directors’ Report (continued)
THE BOARD OF DIRECTORS (CONTINUED)
QUALIFICATIONS, EXPERIENCE AND SPECIAL RESPONSIBILITIES D (David) Raper – Master of Business and Technology UNSW
David Raper Director
• Director since October 2022 (4 years) • Employed with a NSW Government Agency undertaking Project Management • Previously worked as a Customs Officer, Production Planner, Employment Consultant and Policy Development Officer • Liaison Director for Ladies Indoor Bowls, Revesby Workers’ Bowling Club, Revesby Workers’ Billiards and Snooker Club, Revesby Workers’ Darts Club and Revesby Workers’ Spearfishing Club • Member of Revesby Workers’ Club since 2007
• Previously Vice President of Revesby Workers’ Men’s Bowling Club • Represented Revesby Workers’ Club in both cricket and snooker • Vice Chairperson of Business and Building Committee • Committee Member of ESG and Risk Committee • Committee member of the RWC Community Committee
L (Linda) Downey – B Ec, Dip Ed, Grad Dip Labour Relations and the Law, AICD Member, Life Member of Revesby Workers' Club
Linda Downey Director
• Director since October 2022 (4 years) • Liaison Director for Light on the Hill Society, Revesby Workers’ Toastmasters/Gavel Club, Australian Native Orchid Club, and Writers Club • Councillor Bankstown City Council (2008 – 2015) • Mayor of Bankstown (2014-2015) • Councillor of Canterbury Bankstown City Council (2017 – 2024) • Deputy Mayor Canterbury Bankstown City Council (2021)
• Women in Local Government (Metropolitan) of the year in 2024 • Chairperson of the Light on the Hill Society • Chairperson of RWC Education Committee • Vice Chairperson of the ESG and Risk Committee • Vice Chairperson of the RWC Community Committee
D (Daniel) Kurtz - Licensed Automotive Light Vehicle Motor Mechanic, Cert. in Business Management and Turf Management
Daniel Kurtz Director
2
• Director since October 2023 (3 years) • Vice President Revesby Workers' Football Club (2017 – 2019) • President of Revesby Workers' Football Club (2019 – present) • Director of Bankstown District Football Associated (2022 – present)
RWC ANNUAL REPORT 2025 / 2026
• Liaison Director for Revesby Workers Football, Revesby Workers' Touch Football and Revesby Workers' Senior Athletics • Chairperson of the Business and Building Committee
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Directors’ Report (continued)
THE BOARD OF DIRECTORS (CONTINUED)
QUALIFICATIONS, EXPERIENCE AND SPECIAL RESPONSIBILITIES T (Trevor) Heaslip - Graduate Diploma in Crime Prevention, Certificate IV in Security Risk Management, Advanced Certificate in Safety & Crowd Management, Advanced Certificate Crime Prevention Through Environmental Design (CPTED), RSA
Trevor Heaslip Director
• Director since October 2024 (2 years) • Liaison Director - Revesby Workers' Cricket, Revesby Workers' Fishing and Revesby Workers' Men’s Golf • Recipient of Queens Commendation for Brave Conduct, Royal Humane Society Bravery Medal, National Medal, NSW Police Commissioners Commendation and Police Service Medals • NSW Police Force: Retired Sergeant of Police (24 years). Extensive Community based Policing. Crime prevention, school and ethnic liaison, alcohol and crime management, General Duties
• The Royal Botanic Gardens and Domain Trust (18 years). Chief Warden, Master Security Licence holder, Advanced Liquor Licence holder, Manager Ranger Services, public safety, risk, event and traffic management • Life Member of Revesby Workers’ Cricket Club, current President with over 52 years as player, coach and Executive • School P&C President 7 years • Committee Member of Business and Building Committee
J (John) Choueifate
John Choueifate Director
• Director since October 2024 (2 years) • Liaison Director for Mooney Mooney Bowls Club, Mooney Mooney Fishing Club and Marine Rescue • Member - Mooney Mooney Club Advisory Committee • Appointed by NSW Premier Morris Iemma as Head of Government Strategy and Communication in 2008 • Established a crisis communications and strategy consultancy business in 2007 • Currently works in the Local Government sector as a strategic policy adviser • Served on the Children’s Hospital board at
Westmead for several years • Recently appointed Chairman of the Professional Rugby League Match Officials and represents their best interests • Life-time member of the ALP and is a member of the “Light on The Hill” committee • Committee Member of Business and Building Committee • Committee Member of Education Committee
3
Directors’ Report (continued) COMPANY SECRETARY Mr S A (Scott) Bennetts was appointed to the position of Company secretary on 2 March 2020.
DIRECTORS’ MEETINGS The number of meetings of the company’s Board of Directors (the Board) held during the year ended 30 June 2026 and the number of meetings attended by each director were: BOARD MEETINGS Director
Number of Meetings Attended
Number of Meetings Held
C M (Christine) Butters
10
10
C E (Christine) Benham
10
10
David Raper
10
10
Linda Downey
10
10
Daniel Kurtz
10
10
T (Trevor) Heaslip
9
10
J (John) Choueifate
10
10
In addition to the Board meetings listed above all Board members attend various Committee meetings as required.
MEMBERSHIP The company is a company limited by guarantee and is without share capital. The number of members as at 30 June 2026 and the comparison with last year is as follows: 2026
2025
Ordinary
64,084
65,934
Foundation
5
6
Life
10
10
64,099
65,950
MEMBERS' LIMITED LIABILITY In the event the Club was ever to be wound up, the Constitution under paragraph 15 states that: Every member of the Club undertakes to contribute to the assets of the Club in the event of the same being wound up during the time that he is a member or within one year afterwards for payment of the debts and liabilities of the Club contracted before the time at which he ceases to be a member and of the costs charges and expenses of winding up the Club and for the adjustment of the rights of the contributories amongst themselves such amount as may be required not exceeding two dollars.
4
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Directors’ Report (continued) OPERATING RESULT The profit after tax of the company for the year ended 30 June 2026 was $9,343,805 (2025: $8,218,785). The table below shows a reconciliation of earnings before interest, income tax, depreciation, amortisation and impairment losses. This is referred to as EBITDA. 2026
2025
$
$
Net profit after income tax expense attributable to members
9,343,805
8,218,785
Less: Income tax expense/(credit)
-
-
(2,008,641)
-
(247,675)
(747,333)
Depreciation and amortisation expense
12,299,399
11,438,798
Net finance costs
1,074,518
1,705,197
EBITDA
20,461,406
20,615,447
Profit on sale of childcare business
Gain from sale of property, plant and equipment Add back:
PRINCIPAL ACTIVITIES The principal activities of the Club during the course of the financial year comprised of the operations and promotion of a licensed club for Club members and applying the income of the Club towards supporting community, philanthropic, sporting activities as well as the maintenance and enhancement of the Club's facilities. These activities assist the Club in meeting its main financial objective by creating a viable, healthy and profitable environment that allows for reinvestment into income producing assets. There were no significant changes in the nature of the activities of the company during the year.
OBJECTIVES AND STRATEGIES FOR ACHIEVING THE OBJECTIVES The Club’s short-term and long-term objective is to ensure its viability and growth in the current and future economical and environmental climate it faces so that it can maintain its support of the community. The strategic plan is underpinned by a detailed review of the Club's Strengths, Weakness, Opportunities and Threats ("SWOT"). In response to the SWOT analysis, four primary objectives are set that enable the Club to optimise strengths and possible opportunities whilst addressing identified weaknesses and minimising potential threats. The objectives provide a five-year view towards progressive growth of the business aimed at optimising the existing Club's assets, capturing new products and services and working towards sustainable diversification. The corresponding strategies provide the specific direction required to achieve these objectives. The strategic plan is to monitor performance in all key areas and determine if any corrective action has to be taken to rectify negative trends. By examining the Club's strength, weakness, opportunities and threats (SWOT), it is able to implement measures to optimise strength and opportunities while addressing weaknesses and threats.
5
Directors’ Report (continued) PERFORMANCE MEASUREMENT AND KEY PERFORMANCE INDICATORS Financial performance is measured by: • • • •
Comparison of actual results against budget; Monitoring key performance indicators (KPIs) in various areas including wage costs and gross profit margins; Monitoring cashflows; and Calculating and comparing EBITDA performance.
SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS During the financial year, the Company completed the sale of its childcare centre business to an external party, with the transaction becoming effective on 16 December 2025. This represented a significant change in the nature and scope of the Company's operations during the year. The sale was undertaken as part of the Company's strategic objectives and has been appropriately reflected in the financial statements for the year ended 30 June 2026. Other than the above, there were no other significant changes in the state of affairs of the consolidated entity during the financial year.
EVENTS SUBSEQUENT TO REPORTING DATE There are no matters or circumstances that have arisen since the end of the financial year that have significantly affected or may significantly affect the operations of the company, the results of those operations or the state of affairs of the company in future financial years.
AUDITOR’S INDEPENDENCE DECLARATION A copy of the auditor’s independence declaration as required under Section 307C of the Corporations Act 2001 is set out on page 7. Signed in accordance with a resolution of the directors. Dated at Revesby this 10th day of September 2026.
Christine Butters Director
6
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au
Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au
Parkline Place Level 25, 252 Pitt Street Sydney NSW 2000 AustraliaSt Level 11, 1 Margaret Sydney NSW 2000 Australia
DECLARATION OF INDEPENDENCE BY CLAYTON EVELEIGH TO THE DIRECTORS OF REVESBY WORKERS’ CLUB LTD DECLARATION OF INDEPENDENCE BY CLAYTON EVELEIGH TO THE DIRECTORS OF REVESBY WORKERS’ As lead auditor of Revesby Workers’ Club Ltd for the year ended 30 June 2026, I declare that, to the best of my knowledge and CLUB LTD
belief, there have been: As lead auditor of Revesby Workers’ Club Ltd for the year ended 30 June 2022, I declare that, to the best of 1. knowledge No contraventions the auditor independence requirements of the Corporations Act 2001 in relation to the audit; and my and belief, of there have been: 2. No contraventions of any applicable code of professional conduct in relation to the audit. 1. No contraventions of the auditor independence requirements of the Corporations Act 2001 in relation the audit; and Thistodeclaration is in respect of Revesby Workers’ Club Ltd and the entities it controlled during the period. 2.
No contraventions of any applicable code of professional conduct in relation to the audit.
Clayton Eveleigh Clayton Eveleigh Director Director BDO Audit Pty Ltd BDO Audit Ltd 2026. Sydney, 10 Pty September Revesby, 13 September 2022
BDO Audit Pty Ltd ABN 33 134 022 870 is a member of a national association of independent entities which are all members of BDO Australia Ltd ABN 77 050 110 275, an Australian company limited by guarantee. BDO Audit Pty Ltd and BDO Australia Ltd are members of BDO International Ltd, a UK company limited by guarantee, and form part of the international BDO network of independent member firms. Liability limited by a scheme approved under Professional Standards Legislation.
7
Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au
Parkline Place Level 25, 252 Pitt Street Sydney NSW 2000 Australia
INDEPENDENT AUDITOR'S REPORT To the members of Revesby Workers’ Club Ltd
REPORT ON THE AUDIT OF THE FINANCIAL REPORT Opinion We have audited the financial report of Revesby Workers' Club Ltd (the Company) and its subsidiaries (the Group), which comprises the consolidated statement of financial position as at 30 June 2026, the consolidated statement of profit or loss and other comprehensive income, the consolidated statement of changes in members’ funds and the consolidated statement of cash flows for the year then ended, and notes to the financial report, including material accounting policy information, the consolidated entity disclosure statement and the directors’ declaration. In our opinion the accompanying financial report of Revesby Workers’ Club Ltd, is in accordance with the Corporations Act 2001, including: (i) Giving a true and fair view of the Group’s financial position as at 30 June 2026 and of its financial performance for the year ended on that date; and (ii) Complying with Australian Accounting Standards – Simplified Disclosures and the Corporations Regulations 2001. 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 Group in accordance with the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (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 confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor’s report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other information The directors are responsible for the other information. The other information obtained at the date of this auditor’s report is information included in the directors’ report, but does not include the financial report and our auditor’s report thereon. Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon. In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit, or otherwise appears to be materially misstated.
8
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report Tel: +61 2 9251 4100 Fax: +61 2 9240 9821 www.bdo.com.au
Parkline Place Level 25, 252 Pitt Street Sydney NSW 2000 Australia
In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report obtained in the audit, otherwiseobtained appearsprior to be materially misstated. If, basedoronour theknowledge work we have performed on the otheror information to the date of this auditor’s report, we conclude
that thereon is athe material of this other information, we are required to report thattofact. have If, based workmisstatement we have performed on the other information obtained prior theWe date ofnothing this to report in this regard.report, we conclude that there is a material misstatement of this other information, we are auditor’s required to report that fact. We have nothing to report in this regard. Responsibilities Other matter of the directors for the Financial Report The directors of the Company are responsible for the preparation of: The financial report of Revesby Workers’ Club Ltd, for the year ended 30 June 2021 was audited by a) the financial that gives a true and fairopinion view in accordance with on Australian Accounting Standards – Simplified another auditor whoreport expressed an unmodified on that report 14 September 2021. Disclosures and the Corporations Act 2001 and Responsibilities of the directors for the Financial b) the consolidated entity disclosure statement thatReport is true and correct in accordance with the Corporations Act 2001, and for such internalofcontrol as the directors determine isfor necessary to enable the preparation of:report that gives a true The directors the Company are responsible the preparation of the financial i) fair view the financial report that gives a true and Accounting fair view andStandards is free from –material misstatement, due to fraud and in accordance with Australian Reduced Disclosure whether Requirements and or error; the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable and the preparation of the financial report statement that givesthat a true and fair viewand andisisfree free from material ii) the consolidated entity disclosure is true and correct of misstatement, whether due to fraud misstatement, whether due to fraud or error. or error. In preparing the financial report, the directors are responsible for assessing the Company’s ability to In preparing financial report, the directorsas areapplicable, responsible for assessing the ability of theconcern group to and continue a going concern, continue as the a going concern, disclosing, matters related to going usingasthe disclosing, as applicable, related to going and usingintend the going concern basis accounting the directors going concern basis of matters accounting unless the concern directors either to liquidate theofCompany or unless to cease operations, or has no realistic alternative but to do so. either intend to liquidate the Group or to cease operations, or has no realistic alternative but to do so. Auditor’s responsibilities for the audit of the Financial Report 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 Our objectives are to obtain reasonable assurance about whether the financial report as a whole is free from material misstatement, from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit assurance, but is not a guarantee that an audit conducted in accordance with the Australian Auditing Standards will always detect a conducted in accordance with the Australian Auditing Standards will always detect a material material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, aggregate, they be expected to influence the economic decisions of users taken the basis of this financial individually or could in thereasonably aggregate, they could reasonably be expected to influence the on economic decisions of report. users taken on the basis of this financial report. A further description of our responsibilities for the audit of the financial report at the Auditing and Assurance Standards Board A further description of our responsibilities for the audit of the financial report is located at the Auditing website (http://www.auasb.gov.au/Home.aspx) at: https://www.auasb.gov.au/media/apzlwn0y/ar3_2024.pdf and Assurance Standards Board website (http://www.auasb.gov.au/Home.aspx) at: http://www.auasb.gov.au/auditors_responsibilities/ar4.pdf This description part of our auditor’s report.report. This descriptionforms forms part of our auditor’s
BDO Audit Audit Pty BDO PtyLtd Ltd
Clayton Eveleigh Clayton Eveleigh Director Director Sydney, 10 September 2026 Revesby, 13 September 2022
8 9
Directors' Declaration The directors of the company declare that: (a)
In the directors’ opinion the financial report and notes set out on pages 11 to 36, are in accordance with the Corporations Act 2001, including:
(i)
Giving a true and fair view of the company’s financial position as at 30 June 2026 and of its performance, for the financial year ended on that date; and
(ii)
Complying with Australian Accounting Standards – Simplified Disclosures, the Corporations Regulations 2001 and other mandatory professional reporting requirements.
(b)
There are reasonable grounds to believe that the company will be able to pay its debts as and when they become due and payable.
(c)
The information disclosed in the attached consolidated entity disclosure statement set out on page 35 is true and correct.
Signed in accordance with a resolution of the directors made pursuant to section 295 (5)(a) of the Corporations Act 2001.
Dated at Revesby this 10th day of September 2026.
Christine Butters Director
10
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Consolidated Statement of Profit or Loss and Other Comprehensive Income For the year ended 30 June 2026
Note
2026
2025
$
$
Revenue and other income Revenue
1
90,796,645
88,873,788
Other income
1
2,936,897
973,088
(6,158,763)
(5,532,358)
(26,311,029)
(26,042,404)
Gaming machine taxes
(15,814,516)
(15,616,693)
Entertainment, marketing and promotions
(3,560,362)
(3,656,994)
(422,263)
(339,464)
Repairs and maintenance
(2,592,551)
(2,371,617)
Cleaning expense
(2,232,325)
(2,227,685)
Security expense
(1,041,118)
(1,004,113)
Insurance expense
(1,992,354)
(2,555,946)
Electricity rates
(2,146,054)
(1,777,094)
(12,299,399)
(11,438,798)
(9,237)
(177,953)
Other operating expenses
(6,832,976)
(5,704,627)
ClubGRANTS, donations and other cash support to the community
(1,706,694)
(1,360,221)
(1,270,096)
(1,822,124)
9,343,805
8,218,785
-
-
9,343,805
8,218,785
-
-
9,343,805
8,218,785
Expenses Cost of goods sold Employee benefits expense
2
Rent and rates
Depreciation expense
2
Other childcare centre expenses
Finance costs
2
Profit before income tax Income tax expense Net profit after income tax expense Other comprehensive income for the year, net of tax Total comprehensive income for the year
3
The Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the accompanying notes set out on pages 15 to 35.
11
Consolidated Statement of Financial Position As at 30 June 2026
Note
2026
2025
$
$
ASSETS Current Assets Cash and cash equivalents
4
6,659,426
5,279,046
Trade and other receivables
5
1,666,945
1,390,276
Inventories
399,540
452,443
Prepayments
1,439,460
1,367,234
Total Current Assets
10,165,371
8,488,999
Non-Current Assets Trade and other receivables
5
111,161
497,899
Deferred tax assets
3
1,795,559
1,243,020
Property, plant and equipment
6
94,224,396
100,574,245
Investment properties
7
51,619,702
50,959,659
Intangible assets
8
2,398,454
2,405,638
Right-of-use assets
9
3,178,721
2,724,508
Total Non-Current Assets
152,327,993
158,404,969
TOTAL ASSETS
163,493,364
166,893,968
LIABILITIES Current Liabilities Trade and other payables
10
6,132,838
7,728,129
Employee benefits
12
3,978,433
4,160,099
Interest-bearing loans and borrowings
11
-
-
333,640
389,610
369,764
218,778
10,814,675
12,496,616
Income in advance Lease liabilities
13
Total Current Liabilities Non-Current Liabilities Deferred tax liabilities
3
1,795,217
1,242,679
Employee benefit liabilities
12
483,189
525,795
Interest-bearing loans and borrowings
11
13,000,000
25,000,000
323,567
318,067
2,960,497
2,538,399
Total Non-Current Liabilities
18,562,470
29,624,940
TOTAL LIABILITIES
29,377,145
42,121,555
Net Assets
134,116,218
124,772,413
Members' Funds Retained profits
134,116,218
124,772,413
Total Members' Funds
134,116,218
124,772,413
Income in advance Lease liabilities
13
The Consolidated Statement of Financial Position should be read in conjunction with the accompanying notes set out on pages 15 to 35. 12
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Consolidated Statement of Changes in Members’ Funds For the year ended 30 June 2026
Balance at 1 July 2024 Net profit after income tax expense for the year Other comprehensive income for the year, net of tax Total comprehensive income for the year Balance at 30 June 2025 Net profit after income tax expense for the year Other comprehensive income for the year, net of tax Total comprehensive income for the year Balance at 30 June 2026
Retained Profits
Total Members' Funds
$
$
116,553,628 116,553,628 8,218,785
8,218,785
-
-
8,218,785
8,218,785
124,772,413 124,772,413 9,343,805
9,343,805
-
-
9,343,805
9,343,805
134,116,218 134,116,218
The Consolidated Statement of Changes in Members’ Funds should be read in conjunction with the accompanying notes set out on pages 15 to 35.
13
Consolidated Statement of Cash Flows For the year ended 30 June 2026
2026
2025
$
$
100,106,579
96,835,238
485,003
108,828
(81,651,836)
(74,081,313)
271,393
116,927
Interest paid
(1,270,096)
(1,822,124)
Net cash inflow from operating activities
17,941,043
21,157,556
2,000,000
-
250,000
-
(6,466,151)
(11,062,918)
-
(1,575,000)
(4,216,151)
(12,637,918)
Repayment of borrowings
(12,000,000)
(8,000,000)
Repayment of lease liabilities
(344,511)
(456,962)
Net cash outflow from financing activities
(12,344,511)
(8,456,962)
Net increase in cash and cash equivalents
1,380,381
62,676
5,279,046
5,216,370
6,659,426
5,279,046
Note
Cash Flows from Operating Activities Receipts from customers (inclusive of GST) Receipts from government grants Payments to suppliers and employees (inclusive of GST) Interest received
Cash Flows from Investing Activities Proceeds from sale of business Proceeds from sale of property, plant and equipment Payment for property, plant and equipment Cash paid for acquisition of subsidiary Net cash outflow from investing activities Cash Flows from Financing activities
Cash and cash equivalents at the beginning of the financial year Cash and cash equivalents at the end of the financial year
4
The Consolidated Statement of Cash Flows should be read in conjunction with the accompanying notes set out on pages 15 to 35.
14
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements For the year ended 30 June 2026 BASIS OF PREPARATION Revesby Workers’ Club Ltd is a company limited by guarantee, incorporated and domiciled in Australia and is a not-for-profit entity for the purposes of preparing the consolidated financial statements. The financial statements are for the Group consisting of Revesby Workers’ Club limited and its controlled entities. The financial statements were approved for issue by the Directors on 10 September 2026. The financial statements are general purposes financial statements which: • • • • •
Have been prepared in accordance with the requirements of the Corporations Act 2001 and Australian Accounting Standards – Simplified Disclosures of the Australian Accounting Standards Board (‘AASB’); Have been prepared under the historical cost convention; Are presented in Australian dollars; and Where necessary comparative information has been restated to conform with changes in presentation in the current year; and Have been prepared on a going concern basis.
Principles of consolidation The Group’s financial statements consolidate those of the parent company and all its controlled entities at the end of the reporting period. Controlled entities are all entities which the Revesby Workers’ Club Ltd has the power to govern the financial and operating policies so as to obtain benefits from its activities. All related entities have a reporting date of 30 June. In preparing the consolidated financial statements, all intragroup balances and transactions between entities in the Group have been eliminated in full on consolidation. New or amended Accounting Standards and Interpretations adopted The Company has adopted all new or amended Accounting Standards and Interpretations issued by the AASB that are mandatory for the current reporting period. Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted. Critical Accounting Judgements, Estimates and Assumptions In the process of applying the company’s accounting policies, management has made a number of judgements and applied estimates of future events. Judgements and estimates that are material to the financial statements are detailed further in the following notes: Taxation Note 3 Allowance for expected credit losses Note 5 Estimation of useful lives of assets Note 6 & 7 Impairment of non-financial assets Note 6 & 7 Recoverability of intangible assets Note 8 Estimated goodwill impairment Note 8
15
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 1. REVENUE
Revenue from catering
2026
2025
$
$
11,750,074
10,289,068
Revenue from beverages
6,436,226
5,684,976
Revenue from gaming
58,838,279
58,171,312
Revenue from fitness centre
2,692,871
2,539,008
Revenue from show tickets
168,927
112,273
Revenue from childcare centre
1,795,750
3,778,832
Subscriptions and joining fees
251,334
260,868
Commissions and other
2,724,141
2,218,887
Rental income
6,139,043
5,818,564
Total Revenue
90,796,645
88,873,788
Goods transferred at a point in time
77,444,841
74,518,498
Services transferred over time
13,351,805
14,355,290
Total Revenue
90,796,645
88,873,788
247,675
747,333
2,008,641
-
Interest received
195,579
116,927
Government grants
485,002
108,828
Total other income
2,936,897
973,088
Timing of revenue recognition
Other income Gain from sale of property, plant and equipment Gain on sale of childcare business
Recognition and Measurement Revenues are recognised at fair value of the consideration received or receivable net of the amount of goods and services tax (GST) payable to the taxation authority. Transfer of goods or services of the same nature and value without any cash consideration are not recognised as revenues. Sale of Goods Revenue from the sale of goods comprises of revenue earned from the provision of food, beverage and other goods and is recognised (net of rebates, returns, discounts and other allowances) at a point in time when the performance obligation is satisfied, that is, on delivery of goods to the customer.
16
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 1. REVENUE (continued) Rendering of Services Revenue from rendering services comprises revenue from gaming facilities together with other services to members and other patrons of the club and is recognised at a point in time when the services are provided. Rental Income Rental income from investment properties is accounted for on a straight-line basis over the lease term. Contingent rental income is recognised as income in the periods in which it is earned. Lease incentives granted are recognised as an integral part of the total rental income.
Other Income Sale of Property, Plant and Equipment The gain or loss on disposal of property, plant and equipment is calculated as the difference between the carrying amount of the asset at the time of disposal and the net proceeds on disposal (including incidental costs) and is recognised as other income at the date control of the asset passes to the buyer. Interest Revenue Interest revenue is recognised using the effective interest rate method, which, for floating rate financial assets is the rate inherent in the instrument. Sale of Business The Group derecognises assets and liabilities disposed of when control passes to the purchaser. Any gain or loss arising on disposal is recognised in profit or loss and is measured as the difference between the consideration received, net of directly attributable transaction costs, and the carrying amount of the net assets disposed of. Assets retained by the Group as part of the transaction continue to be recognised and measured in accordance with their respective accounting policies.
2. EXPENSES Profit before income tax includes the following specific expenses: 2026
2025
$
$
Wages and salaries
19,419,492
19,023,697
Defined contribution superannuation expense
2,486,848
2,362,589
Payroll tax
1,259,641
1,225,251
Leave and provision for leave expense
2,035,558
2,442,633
Other employee benefits expense
1,109,490
988,234
Total employee benefits expense
26,311,029
26,042,404
Employee benefits expense
17
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 2. EXPENSES (continued)
2026
2025
$
$
Land and buildings
3,102,744
3,231,016
Plant and equipment
6,413,960
5,717,425
Investment properties
2,445,716
2,373,738
336,978
116,619
12,299,398
11,438,798
1,147,398
1,765,974
-
128
122,698
56,022
1,270,096
1,822,124
Depreciation and amortisation
Right-of-use asset Total depreciation expense Finance costs Bank loans Interest expense on finance leases and hire purchase contracts Interest on lease liability Total finance costs
Recognition and Measurement Finance costs Finance costs include interest, premiums relating to borrowings, amortisation of ancillary costs incurred in connection with arrangement of borrowings and lease finance charges.
3. INCOME TAX EXPENSE 2026
2025
$
$
The major components of income tax expense for the years ended June 2026 and 2025 are:
18
Current income tax expense
-
-
Income tax expense reported in the statement of profit or loss
-
-
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 3. INCOME TAX EXPENSE (continued) 2026
2025
$
$
Reconciliation of tax expense and the accounting profit multiplied by Australia’s domestic tax rate for 2026 and 2025: The Income Tax Assessment Act, 1997 (amended) provides that under the concept of mutuality clubs are only liable for income tax on income derived from non-members and from outside entities. Accounting profit before income tax
9,343,805
8,218,785
At Club's statutory income tax rate of 30% (2025: 30%)
2,802,341
2,465,635
-
15,387
Non-deductible non-temporary difference Deferred tax assets on tax loss not recognised
(565,892) (2,072,459)
Members only income
(883,262) (2,839,146)
Members only expenses
1,329,115
Effect of mutuality
(2,292,790) (2,516,892)
4,778,524
Utilisation of tax losses to the extent DTA was not previously recognised
(355,621)
-
Other items (net)
(33,891)
168,951
-
-
Straight – lined rental receivable
117,634
189,775
Property, plant and equipment
222,422
-
Capitalised interest
498,653
515,982
2,892
96,743
953,616
-
-
440,179
1,795,217
1,242,679
Tax losses
351,609
799,337
Employee benefits
383,882
361,776
Provisions
34,521
54,845
Accruals
18,169
-
Borrowing interest
7,958
-
-
2,601
Aggregate income tax expense/(benefit) Recognised deferred tax assets and liabilities Deferred tax at 30 June relates to the following: (i) Deferred tax liabilities
Prepayments Right of use assets Temporary Full Expensing (TFE) Gross deferred tax liabilities (ii) Deferred tax assets
Property, plant and equipment Lease liabilities Other Gross deferred tax assets
999,078
-
342
24,461
1,795,559
1,243,020 19
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 3. INCOME TAX EXPENSE (continued) 2026
2025
$
$
(iii) Deferred tax charge Straight – lined rental receivable
(72,141)
(38,297)
Property, plant and equipment
225,023
(735)
Capitalised interest
(17,329)
(17,320)
Tax losses
447,728
250,301
Employee benefits
(22,106)
(97,896)
Provisions
20,323
(52,119)
Accruals
(18,169)
-
Borrowings interest Prepayments
(93,851)
10,428
Temporary Full Expensing (TFE)
(440,179)
-
Leases
(45,462)
-
Other
16,163
(54,362)
-
-
Deferred tax charge
Recognition and Measurement The income tax expense or benefit for the period is the tax payable on that period’s taxable income based on the applicable income tax rate, adjusted by changes in deferred tax assets and liabilities attributable to temporary differences, unused tax losses and the adjustment recognised for prior periods, where applicable. Deferred tax assets and liabilities are recognised for temporary differences at the tax rates expected to apply when the assets are recovered or liabilities settled, based on those tax rates that are enacted or substantively enacted. Deferred tax assets are recognised for deductible temporary differences and unused tax losses only if it is probable that future taxable amounts will be available to utilise those temporary differences and losses. The carrying amount of recognised and unrecognised deferred tax assets are reviewed each reporting date. Deferred tax assets recognised are reduced to the extent that it is no longer probable that future taxable profits will be available for the carrying amount to be recovered. Previously unrecognised deferred tax assets are recognised to the extent that it is probable that there are future taxable profits available to recover the asset. The estimate of tax losses for which no deferred tax asset has been recognised at 30 June 2026 is $3,058,337.
Key Estimate and Judgement: Taxation The Club's accounting policy for taxation requires management's judgement as to the types of arrangements considered to be a tax on income in contrast to an operating cost. Judgement is also required in assessing whether deferred tax assets and certain deferred tax liabilities are recognised on the statement of financial position. Deferred tax assets, including those arising from temporary differences and tax losses are recognised only where it is considered more likely than not that they will be recovered, which is dependent on the generation of sufficient future taxable profits.
20
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 3. INCOME TAX EXPENSE (continued) Key Estimate and Judgement: Taxation (continued) Assumptions about the generation of future taxable profits depend on management's estimates of future cash flows. These depend on estimates of future business expectations, operating costs capital expenditure and other capital management transactions. Judgements are also required about the application of income tax legislation. These judgements and assumptions are subject to risk and uncertainty, hence there is a possibility that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets and deferred tax liabilities recognised on the statement of financial position and the amount of other tax losses and temporary differences not yet recognised. In such circumstances, some or all of the carrying amounts of recognised deferred tax assets and liabilities may require adjustment, resulting in a corresponding credit or charge to the statement of profit or loss and other comprehensive income.
Mutuality Principle The company calculates its income in accordance with the mutuality principle which excludes from income, any amounts of subscriptions and contributions from members, and payments received from members for particular services provided by the club or association, eg. poker machines, bar and dining room service in the case of social clubs. The Commissioner of Taxation accepts this method of calculating income as appropriate for recognised clubs and associations. Amendments to the Income Tax Assessment Act 1997 ensure social clubs continue not to be taxed on receipts from contributions and payments received from members.
4. CASH AND CASH EQUIVALENTS Reconciliation of Cash Cash as at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the Statement of Financial Position as follows:
Cash at bank and on hand
2026
2025
$
$
6,659,426
5,279,046
6,659,426
5,279,046
Recognition and Measurement Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
21
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 5. TRADE AND OTHER RECEIVABLES 2026
2025
$
$
Trade receivables
1,385,993
1,255,591
Rental receivables
280,952
134,685
1,666,945
1,390,276
111,161
497,899
111,161
497,899
Current
Non-current Rental receivables
Recognition and Measurement Trade and other receivables represent the principal amounts due at balance date plus accrued interest and less, where applicable, any unearned income and impairment allowance. Trade receivables are due for settlement no more than 30 days from the date of recognition. In accordance with AASB 9 an 'expected credit loss' ('ECL') model is used to recognise an impairment allowance. Impairment is measured using a 12-month ECL method unless the credit risk on a financial asset has increased significantly since initial recognition in which case the lifetime ECL method is adopted. The expected credit loss estimated by management using the simplified approach is $Nil (2023: $Nil).
6. PROPERTY, PLANT AND EQUIPMENT 2026
2025
$
$
At cost
106,565,901
109,873,265
Accumulated depreciation
(40,722,563)
(38,793,097)
65,843,338
71,080,168
At cost
72,050,317
72,841,156
Accumulated depreciation
(45,153,392)
(44,843,531)
26,896,925
27,997,625
At cost
1,484,134
1,496,452
Total property, plant and equipment
94,224,396
100,574,245
Land and buildings
Plant and equipment
Work in progress
22
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 6. PROPERTY, PLANT AND EQUIPMENT (continued) Reconciliations Movements in carrying amounts Movements in the carrying amounts for investment properties between the beginning and the end of the current financial year are set out below: 2026
2025
$
$
71,080,168
65,576,912
Land and buildings Carrying amount at beginning of year
20,660
-
(2,154,746)
-
-
8,734,272
Depreciation expense
(3,102,744)
(3,231,016)
Carrying amount at end of year
65,843,338
71,080,168
Carrying amount at beginning of year
27,997,625
23,100,768
Additions
5,818,187
10,597,649
Disposals
(203,207)
(2,714)
Transfers to investment properties
(790,037)
-
Transfers from work-in-progress
488,317
19,347
Depreciation expense
(6,413,960)
(5,717,425)
Carrying amount at end of year
26,896,925
27,997,625
1,496,452
9,335,862
Additions
774,381
932,399
Transfers
(594,222)
(8,753,619)
Expensed
(192,478)
(18,190)
Carrying amount at end of year
1,484,134
1,496,452
Additions Transfers to investment properties Transfers from work-in-progress
Plant and equipment
Work in progress Carrying amount at beginning of year
(a) Leases The carrying value of plant and machinery held under leases and hire purchase contracts at 30 June 2026 was $nil (2025: $nil). Additions during the year include $nil (2025: $nil) of plant and machinery under leases and hire purchase contracts. Leased assets and assets under hire purchase contracts are pledged as security for the related finance lease and hire purchase liabilities. (b) Valuation of land and buildings Land and buildings and investment properties were independently valued by Jeff Millar, AAPI Certified Practising Valuer and Registered Valuer No. 67391 (NSW) of Howden Insurance Brokers (Australia) Pty Ltd on the basis of open market value at 30 June 2025. The valuations for land, buildings and site improvements were a total of $282,850,000. Since the valuation, no significant capital works and improvements have been undertaken. As land and buildings are recorded on a historical cost basis, the valuation has not been brought to account. 23
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 6. PROPERTY, PLANT AND EQUIPMENT (continued) (c) Core and non-core land With reference to section 41J of the Registered Clubs Act as amended by the Registered Clubs Amendment Act 2006, the properties owned or occupied by the Revesby Workers' Club Ltd, as at 30 June 2026 are as follows: Non-core properties: • 22 Revesby Place, Revesby (Retail Shop) • 20 Revesby Place, Revesby (Retail Shop) • 20 Blamey Street, Revesby • 30 Blamey Street, Revesby • Part Blamey Street, Revesby (Lot 101 in DP 1153796) • 2-4 Brett Street, Revesby 5 Brett Street, Revesby • 6 Brett Street, Revesby • 8 Brett Street, Revesby • 10 Brett Street, Revesby • 12 Brett Street, Revesby • 16 Brett Street, Revesby •
• • • • • • • • • • •
18 Brett Street, Revesby 25 Brett Street, Revesby 70 Uranus Road, Revesby 74 Uranus Road, Revesby 76 Uranus Road, Revesby 78 Uranus Road, Revesby 7 Jamieson Street, Revesby 1-3 Macarthur Avenue, Revesby 2 Macarthur Avenue, Revesby 5 Kowan Street, Mooney Mooney Parcel of Land Brett St Revesby (Lot 36 in DP 35692)
The above properties are owned by the Revesby Workers' Club Ltd and have been purchased by the Club as non-core properties and not for the licensed premises of the Club. Core properties: 2B Brett Street, Revesby (Revesby Workers' Club licensed premises and car park) • 60 McGirr St, Padstow (Revesby Greens licensed premises) • The above properties are owned or occupied by the Club and are the defined (licensed) premises of the Club.
Recognition and Measurement All property, plant and equipment is stated at historical cost less depreciation and accumulated impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. All other repairs and maintenance are charged to the profit or loss during the financial period in which they are incurred. The depreciable amount of all fixed assets including buildings and capitalised lease assets, but excluding freehold land, is depreciated using the straight line method to allocate their cost or revalued amounts, net of their residual values, over their estimated useful lives, as follows: Asset
Useful lives
Land
Not depreciated
Buildings Plant and equipment
24
RWC ANNUAL REPORT 2025 / 2026
Over 40 years Over 1 to 30 years
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 6. PROPERTY, PLANT AND EQUIPMENT (continued) Recognition and Measurement (continued) The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.
Key Estimate and Judgements: Useful lives of assets The company determines the estimated useful lives and related depreciation and amortisation charges for its property, plant and equipment and finite life intangible assets. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation and amortisation charge will increase where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down. Impairment of assets At each reporting date, the Club reviews its tangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less cost to sell and value in use is compared to the assets carrying value. Any excess of the assets carrying value over its recoverable amount is expensed to the statement of profit or loss and other comprehensive income. Operating lease commitments – Club as lessor The Club has entered into commercial property leases on its investment property portfolio. The Club has determined, based on an evaluation of the terms and conditions of the arrangements, such as the lease term not constituting a substantial portion of the economic life of the commercial property, that it retains all the significant risks and rewards of ownership of these properties and accounts for the contracts as operating leases. 2026
2025
$
$
At cost
81,976,501
77,125,394
Accumulated depreciation
(30,356,799) (26,165,735)
7. INVESTMENT PROPERTIES Revesby Village Centre
51,619,702
50,959,659
Carrying amount at beginning of year
50,959,659
53,220,780
Transfers from property, plant and equipment
2,943,724
-
Additions
56,130
112,617
Transfer from work in progress
105,905
-
Depreciation
(2,445,716)
(2,373,738)
Carrying amount at end of year
51,619,702
50,959,659
Reconciliations Revesby Village Centre
25
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 7. INVESTMENT PROPERTIES (continued) (a) Valuation of investment properties Land and buildings and investment properties were independently valued by Jeff Millar, AAPI Certified Practising Valuer and Registered Valuer No. 67391 (NSW) of Howden Insurance Brokers (Australia) Pty Ltd on the basis of open market value at 30 June 2025. The valuations for land, buildings and site improvements were a total of $282,850,000. Since the valuation, no significant capital works and improvements have been undertaken. As land and buildings are recorded on a historical cost basis, the valuation has not been brought to account.
Recognition and Measurement Investment properties are measured at cost, net of accumulated depreciation and accumulated impairment losses, if any. The estimated useful life is 5 to 40 years. Investment properties are derecognised either when they have been disposed of or when they are permanently withdrawn from use and no future economic benefit is expected from their disposal. The difference between the net disposal proceeds and the carrying amount of the asset is recognised in statement of profit or loss and other comprehensive income in the period of derecognition. Transfers are made to (or from) investment property only when there is a change in use. For a transfer from investment property to owner-occupied property, the deemed cost for subsequent accounting is valued at cost at the date of change in use. If owner-occupied property becomes an investment property, the Club accounts for such property in accordance with the policy stated under property, plant and equipment up to the date of change in use.
Key Estimate and Judgement: Impairment of assets At each reporting date, the Club reviews its tangible assets to determine whether there is any indication that those assets have been impaired. If such an indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less cost to sell and value in use is compared to the assets carrying value. Any excess of the assets carrying value over its recoverable amount is expensed to the statement of profit or loss and other comprehensive income.
8. INTANGIBLE ASSETS 2026
2025
$
$
473,940
473,940
859,514
859,514
1,065,000
1,065,000
-
7,184
2,398,454
2,405,638
Licenses to Occupy Holiday Cabins At cost Gaming Machine Licenses At cost Goodwill At cost Other Intangible Assets At cost Total intangible assets
Recognition and Measurement (i) Licences to occupy holiday cabins Per the "Deeds of Licence" between Revesby Workers' Club Ltd and The Federation of Community, Sporting and Workers Club Inc, the licences are refundable in full upon their termination. The Deeds are for an indefinite period and only the Club has the option to terminate the agreements between the two parties. Accordingly, the licences are carried at cost and the Club is of the view no amortisation is necessary, however, an impairment analysis is carried out at year end. 26
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 8. INTANGIBLE ASSETS (continued) Recognition and Measurement (continued) (ii) Gaming machine license Gaming machine licences are carried at cost less accumulated impairment losses and have been determined to have indefinite useful lives. Gaming machine licences are subject to impairment testing on an annual basis or whenever there is an indication of impairment. (iii) Goodwill Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less ay accumulated impairment losses. The club tests whether goodwill has suffered any impairment on an annual basis. The recoverable amount has been measured based on value-in-use, using a discounted cash flow model. The key assumptions or the value-in-use calculation include discount rates, terminal growth rates and cash flow projections.
Key Estimate and Judgement: Recoverability of Intangible Assets Impairment of poker machine entitlements is recognised based on a value in use calculations and is measured at the present value of the estimated future cash inflows available to the company from the use of these licenses. In determining the present value of the cash inflows, growth rates and appropriate discount factors have been considered. Management believes that reasonable changes in the key assumptions on which the recoverable amount of gaming division’s poker machine entitlements is based would not cause the cash-generating unit’s carrying amount to exceed its recoverable amount.
9. RIGHT-OF-USE ASSETS 2026
2025
$
$
Right-of-use assets
3,632,318
2,841,127
Accumulated depreciation
(453,598)
(116,619)
Total
3,178,721
2,724,508
The right-of-use assets and associated lease liabilities are related to property leases entered into under the operating premises for Surly's Hospitality Pty Ltd. The remaining lease terms for the leases is approximately 10 years.
Recognition and Measurement A right-of-use asset is recognised at the commencement date of a lease. The right-of-use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencement date net of any lease incentives received, any initial direct costs incurred, and, except where included in the cost of inventories, an estimate of costs expected to be incurred for dismantling and removing the underlying asset, and restoring the site or asset. Right-of-use assets are depreciated on a straight-line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the Group expects to obtain ownership of the leased asset at the end of the lease term, the depreciation is over its estimated useful life. Right-of-use assets are subject to impairment or adjusted for any re-measurement of lease liabilities. The Group has elected not to recognise a right-of-use asset and corresponding lease liability for short-term leases with terms of 12 months or less and leases of low-value assets. Lease payments on these assets are expensed to profit or loss as incurred. 27
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 10. TRADE AND OTHER PAYABLES 2026
2025
$
$
Trade payables
2,160,720
2,863,426
Other payables and accrued expenses
3,972,118
4,864,703
6,132,838
7,728,129
Recognition and Measurement These amounts represent liabilities for goods and services provided to the company prior to the end of the financial year which are unpaid. Due to their short-term nature they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.
11. INTEREST-BEARING LOANS AND BORROWINGS 2026
2025
$
$
Current Loan - ANZ
-
-
-
-
13,000,000
25,000,000
13,000,000
25,000,000
Non - Current Loan - ANZ
Leases - Hire Purchase For terms and conditions attached to each type of borrowing, refer to section (b) below and to Note 12 for the finance leases and hire purchase contracts. (a) Defaults and breaches During the current and prior years, there were no defaults or breaches on any of the borrowings. (b) Terms and conditions Current interest-bearing loans and borrowings:
28
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 11. INTEREST-BEARING LOANS AND BORROWINGS (continued) Loan from ANZ Bank The Company has a loan facility of $35,000,000 and bears a variable interest at BBSY (for the relevant period) plus a margin of 0.75%. The bank loan is secured by registered mortgages over 25 of the Club's properties. This facility from Australia and New Zealand Banking Group Limited is repayable in equal quarterly instalments of $800,000 till May 2029. The Company has made additional voluntary principal repayments during the year totaling $12,000,000 (FY25: $4,000,000). The Company is ahead of its repayment schedule and no payments are considered due and payable in the following 12 months. The Company’s also has the following ANZ Bank facilities available to it during the year: - Loan facility of $35,000,000 – of which $13,000,000 has been drawn down at year end - Asset Finance facilities of $4,000,000 – of which nil has been drawn down at year end - Electronic Payaway facilities of $1,000,000 – of which nil has been drawn down at year end - Overdraft facilities of $550,000 – of which nil has been drawn down at year end - Commercial card facilities of $70,000 – of which $28,557 has been drawn down at year end - Letters of Credit $420,000 – of which $15,000 has been drawn down at year end (c) Assets pledged as security The carrying amounts of assets pledged as security for non-current interest bearing liabilities are: 2026
2025
$
$
Non-current First mortgage Freehold land and buildings
117,463,040
134,652,086
Total non-current assets pledged as security
117,463,040
134,652,086
Recognition and Measurement Borrowings Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognised in the profit or loss over the period of borrowings using the effective interest method. Borrowings are classified as non-current liabilities unless the company has an unconditional right to defer settlement of the liability for at least 12 months after the end of the reporting period. Leases A lease liability is recognised at the commencement date of a lease. The lease liability is initially recognised at the present value of the lease payments to be made over the term of the lease, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company’s incremental borrowing rate. Lease liabilities are secured over the rights to the hire purchase assets recognised in the statement of financial position which will revert to the lessor if the company defaults. Lease liabilities are measured at amortised cost using the effective interest method. The carrying amounts are remeasured if there is a change in the following: future lease payments arising from a change in an index or a rate used; residual guarantee; lease term; certainty of a purchase option and termination penalties. When a lease liability is remeasured, an adjustment is made to the corresponding right-of use asset, or to profit or loss if the carrying amount of the right-of-use asset is fully written down. 29
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 12. EMPLOYEE BENEFITS 2026
2025
$
$
Liability for annual and other leave
2,332,245
2,509,129
Liability for long-service leave
1,646,188
1,650,970
3,978,433
4,160,099
483,189
525,795
Current
Non - Current Liability for long-service leave
Recognition and Measurement Wages and Salaries, Annual Leave and Sick Leave Liabilities for wages and salaries, including non-monetary benefits, annual leave and accumulating sick leave expected to be settled within 12 months of the reporting date are recognised in other payables with respect to employees’ services up to the reporting date and are measured at the amounts expected to be paid when the liabilities are settled. Liabilities for non-accumulating sick leave are recognised when the leave is taken and measured at the rates paid or payable. Long Service Leave The provision for employee benefits relating to long service leave represents the present value of the estimated future cash outflows to be made resulting from employees’ services provided to reporting date. The provision is calculated using expected future increases in wage and salary rates including related on-costs and expected settlement dates based on turnover history and is discounted using the market yields on national government bonds at reporting date which most closely match the terms of maturity with the expected timing of cash flows. The unwinding of the discount is treated as long service leave expense.
Superannuation Plans Contributions The company is under a legal obligation to contribute 12% of each employee’s base salary to a superannuation fund.
13. LEASE LIABILITY 2026
2025
$
$
369,764
218,778
2,960,497
2,538,399
Current Lease liability Non - Current Lease liability
30
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 13. LEASE LIABILITY (continued) Recognition and Measurement A lease liability is recognised at the commencement date of a lease. The lease liability is initially recognised at the present value of the lease payments to be made over the term of the lease, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Lease liabilities are secured over the rights to the hire purchase assets recognised in the statement of financial position which will revert to the lessor if the Groups defaults. Lease liabilities are measured at amortised cost using the effective interest method. The carrying amounts are remeasured if there is a change in the following: future lease payments arising from a change in an index or a rate used; residual guarantee; lease term; certainty of a purchase option and termination penalties. When a lease liability is remeasured, an adjustment is made to the corresponding right-of-use asset, or to profit or loss if the carrying amount of the right-of-use asset is fully written down.
14. COMMITMENTS AND CONTINGENCIES (a) Commitments Operating lease commitments - Club as lessor The Club leases out portions of the main club and its land and buildings to third parties under operating leases. Future minimum rentals receivable under non-cancellable operating leases as at 30 June 2026 as follows: 2026
2025
$
$
Within one year
5,981,182
5,175,147
One year or later and no later than five years
15,144,122
14,192,785
Total minimum lease payments receivable
21,125,304
19,367,932
2026
2025
$
$
4,246,660
1,902,078
TAB Limited
15,000
15,000
ATH Investments
93,721
-
(b) Capital commitment Commitments to various capital projects
(c) Contingencies The Club has given the following bank guarantees:
31
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 15. AUDITORS’ REMUNERATION During the financial year the following fees were paid or payable for services provided by BDO, the auditor of the company: 2026
2025
$
$
Audit of the financial statements
72,500
82,500
Other services to BDO Other services
25,000
14,000
Audit services provided to BDO
16. CONTROLLED ENTITIES The Group’s principal subsidiaries at 30 June 2026 are set out below. Unless otherwise stated, they have share capital consisting solely of ordinary shares that are held directly by the club, and the proportion of ownership interests held equals the voting rights held by the club. The country of incorporation or registration is also their principal place of business. Interest 2026
2025
%
%
RWC Hospitality Pty Ltd
100
100
Surly's Hospitality Pty Ltd
100
100
17. PARENT ENTITY DISCLOSURES (a) Summary financial information The individual financial statements for the parent entity, Revesby Workers’ Club Ltd, show the following aggregate amounts: 2026
2025
$
$
Statement of Financial Position Assets Total Current Assets
13,215,964
10,364,353
Total Non-Current Assets
147,491,494
154,047,623
Total Assets
160,707,458
164,411,975
Total Current Liabilities
10,784,537
12,427,813
Total Non-Current Liabilities
14,566,246
26,813,321
Total Liabilities
25,350,784
39,241,134
Net Assets
135,356,674
125,170,842
Liabilities
32
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 17. PARENT ENTITY DISCLOSURES (continued) (a) Summary financial information (continued) 2026
2025
$
$
Statement of changes in Member’ Funds Retained earnings
125,170,842
116,553,628
Profit for the year
10,185,832
8,617,214
Total comprehensive income for the year
10,185,832
8,617,214
(b) Contingent liabilities of the parent entity The parent entity did not have any contingent liabilities as at 30 June 2026 or 30 June 2025. (c) Contractual liabilities of the parent entity As at 30 June 2026, the parent entity had $3,947,012 in contractual commitments for the acquisition of property, plant or equipment (2025: $nil).
18. KEY MANAGEMENT PERSONNEL DETAILS (a) Directors The following persons were directors of the company during the financial year: C M (Christine)
Butters
C E (Christine)
Benham
D (David)
Raper
L (Linda)
Downey
D (Daniel)
Kurtz
T (Trevor)
Heaslip
J (John)
Choueifate
The Directors' remuneration is capped at the amounts approved each year by the members at the Annual General Meeting (October 2025: $112,500; October 2024: $72,000). During the year, the Club paid a total of $128,016 (2025: $102,400) to Directors for their role as Directors of the Club.
33
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 18. KEY MANAGEMENT PERSONNEL DETAILS (continued) (b) Key Management Personnel Compensation Key management personnel, being persons having authority and responsibility for planning, directing and controlling activities of the Club, include the Directors, Chief Executive Officer (CEO), Chief Financial Officer (CFO), Chief Operating Officer (COO), Chief Risk Officer (CRO), Chief Community and Communications Officer (CCCO), Chief People Officer (CPO) and Chief Commercial Officer (CCO). The key management personnel compensation included in “employee benefits expense” are as follows: 2026
2025
$
$ 7
4
2,502,892
1,665,061
Number of key management personnel Aggregate compensation
19. RELATED PARTIES Key Management Personnel Disclosures relating to key management personnel are set out in Note 18.
Transactions with Related Parties In the course of attending the Club and/or representing the Club in an official capacity, Directors were provided with the cost of travel and entertainment, meals and beverages totalling $125,574 (2025: $23,872). From time to time, directors of the Club may purchase goods from the Club or participate in other Club activities. These purchases and participations are on the same terms and conditions as those entered into by other Club employees or customers and are trivial or domestic in nature. During the year, the Club provided $70,000 of ClubGRANTS donations (2025: $104,000) to Biyani House, an entity of which Chief People Officer Sharyn Buhagiar is a Director. During the year, the Club provided $1,800 of donations (2025: $30,000) to Escabags, an entity of which Chief Risk Officer, Daisy Brown is a Director. During the year, the Club provided $3,000 of ClubGrants donations (2025: $0) to Bankstown District Cricket Association, an entity of which Vice President, Christine Benham is a Committee Member. Apart from the details disclosed above in this note, no other director has entered into a material contract with the Club during the year or since the end of the previous financial year and there were no material contracts involving other directors' interests existing at year-end.
34
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
Notes to the Consolidated Financial Statements (continued) For the year ended 30 June 2026 19. RELATED PARTIES (continued) Receivables from and Payables to Related Parties There were no trade receivables from or trade payables to related parties at the current and previous reporting date.
20. MEMBERS' GUARANTEES The company is a company limited by guarantee and is without share capital. The number of members as at 30 June 2026 and the comparison with last year is as follows: 2026
2025
64,084
65,934
Foundation
5
6
Life
10
10
64,099
65,950
Ordinary
In accordance with the Constitution of the company, every member of the company undertakes to contribute an amount limited to $2 per member in the event of the winding up of the company during the time that he/she is a member or within one year thereafter.
21. EVENTS SUBSEQUENT TO REPORTING DATE There are no matters or circumstances that have arisen since the end of the financial year that have significantly affected or may significantly affect the operations of the company, the results of those operations or the state of affairs of the company in future financial years.
22. COMPANY DETAILS The Club is incorporated and domiciled in Australia as a company limited by guarantee. The registered office of the company is 2B Brett Street, Revesby, NSW 2212.
Consolidated Entity Disclosure Statement Entity name
Body corporate, partnership or trust
Place incorporated/ formed
% of share capital Australian resident held or indirectly or foreign resident held by the company (for tax purposes)
Revesby Workers' Club Ltd
Body corporate
Australia
100%
Australia
RWC Hospitality Pty Ltd
Body corporate
Australia
100%
Australia
Surly's Hospitality Pty Ltd
Body corporate
Australia
100%
Australia
35
Revesby Workers’ Club
ANNUAL COMMUNITY SUPPORT 25/26 Community Donations Funding Schedule Year Ending August 2026 Donated To
Cash and In Kind
Donated To
Cash and In Kind
ESCABAGS
$22,200
DISABILITY SERVICES AUSTRALIA
$22,000
PURPLE WEEK ACTIVATIONS
$20,700
MERCY WORKS LIMITED
$20,000
LIFELINE MACARTHUR
$20,000
LIFE EDUCATION
$20,000
GOTCHA 4 LIFE FOUNDATION LTD
$20,000
THE MOBILITY FOUNDATION LTD
$17,597
MIRACLE BABIES FOUNDATION LTD
$17,273
CHARITY FUNCTIONS
$16,377
CAROLINE CHISHOLM SCHOOL
$16,000
BANKSTOWN KOORI ELDERS GROUP INC
$15,700
RIVERWOOD PUBLIC SCHOOL P & C
$14,680
STEWART HOUSE
$12,500
MATES ON A MISSION
$12,500
REVESBY WORKERS' CLUB SUB CLUBS, SPORTING & COMMUNITY GROUPS
$553,917
CATEGORY 3 CLUBGRANTS
$249,060
REVESBY GREENS LAWN BOWLS MAINTENANCE
$146,000
BIYANI HOUSE REVESBY
$115,787
WOMENS COMMUNITY SHELTERS LIMITED
$51,000
YOUTH OFF THE STREETS LIMITED
$50,460
MINIFIT CHILDRENS WORKSHOPS
$50,000
LOCAL SCHOOLS
$44,000
JUSTICE SUPPORT CENTRE INC
$43,000
STEP INTO ACTION FOUNDATION
$40,000
MARINE RESCUE & RFS
$39,623
KOORANA CHILD & FAMILY SERVICES LTD
$30,161
STANDBYU FOUNDATION LTD.
$30,000
STREETHEART
$27,000
DV SAFE PHONE LTD
$25,000
BILL CREWS CHARITABLE TRUST
$25,000
BANKSTOWN-AUBURN COMMUNITY RADIO INCORPORATED
$12,277
PADSTOW COMMUNITY CARE
$25,000
OUTLOUD INC
$12,083
MORRIS CHILDREN'S FUND INCORPORATED
$24,000
BANKSTOWN DEMENTIA CARERS GROUP
$11,000
36
RWC ANNUAL REPORT 2025 / 2026
$2,193,047 Donated To
Cash and In Kind
given
Donated To
Cash and In Kind
ST CHRISTOPHERS CRICKET CLUB
$10,000
CAREFLIGHT LIMITED
$4,891
REVESBY ROVERS SOCCER FOOTBALL CLUB
$10,000
FORTITUDE MINDS
$4,198
BANKSTOWN CITY AGED CARE LTD
$10,000
$4,000
REVESBY UNITING CHURCH
$9,800
CHINESE PARENTS ASSOCIATION CHILDREN WITH DISABILITIES INCORPORATED
POLICE CITIZENS YOUTH CLUBS NSW LTD
$9,650
REVESBY MENS SHED
$3,388
BROOKLYN SOCCER CLUB
$9,636
ZONTA CLUB OF SYDNEY WEST
$3,300
YOURTOWN
$9,091
OZ ARAB MEDIA
$3,000
HELPING HAND GROUP
$8,215
BANKSTOWN DISTRICT CRICKET ASSOCIATION
$3,000
WOMEN'S HOUSING COMPANY LTD
$7,903
ROTARY CLUB OF PADSTOW
$2,000
SOLVE-TAD LIMITED
$7,800
TERRY RAPER BOWLS DAY
$1,500
PROSTATE CANCER FOUNDATION OF AUSTRALIA
$7,700
LEUKEMIA FOUNDATION
$1,040
SEBASTIAN FOUNDATION LTD
$7,500
CHRIS OBRIEN LIFEHOUSE
$1,000
CASS CARE LIMITED
$7,000
THE Y BANKSTOWN
$909
CAMP QUALITY LIMITED
$6,800
SAILOS TAREE
$796
RAINBOW CLUB AUSTRALIA LTD
$6,268
ST VINCENT DE PAUL - CEO SLEEPOUT
$530
CHAROLTTES WISH WALK
$5,357
BANKSTOWN ART SOCIETY
$500
SHINE FOR KIDS
$5,000
Tertiary Scholarships
$88,335
REVESBY HEIGHTS RHINOS JRLFC INCORPORATED
$5,000
NATIONAL BREAST CANCER FOUNDATION
$5,000
Bill Bullard Charity
$26,445
MISSION AUSTRALIA
$5,000
Mortality Benefits
$9,600
BANKSTOWN STROKE SUPPORT GROUP
$5,000
BANKSTOWN COMMUNITY RESOURCE GROUP INC
$5,000
TOTAL DONATIONS
$2,193,047 37
OUR
VISION VALUES PURPOSE AND FOUNDATION 38
RWC ANNUAL REPORT 2025 / 2026
Revesby Workers’ Club Ltd - ABN 34 000 348 121 - Financial Report
39
40
RWC ANNUAL REPORT 2025 / 2026
Photo: Revesby Workers' Club Atrium.