The Barwon Heads Golf Club Annual Report 2024-2025

our vision

A UNIQUE GOLF CLUB PROVIDING AN EXCEPTIONAL LINKS COURSE AND A QUALITY HOSPITALITY EXPERIENCE FOR MEMBERS AND GUESTS.

BHGC COMMITTEE

BARBARA INGLIS PRESIDENT

Joined Committee in 2018. Ex-officio of all Sub-Committees.

PETER GUY VICE-PRESIDENT

Joined Committee in 2021. Chair of Nominations Sub-Committee. Governor of Future Fund SubCommittee. Member of Project Steering Group. Member of Museum SubCommittee. Ex-officio of all SubCommittees.

JENNY CARDEN CAPTAIN

Joined Committee in 2020 Chair of Match Sub-Committee, Course Sub-Committee

BRONWYN CONSTANCE TREASURER

Joined Committee in 2020 Chair of Finance, Audit and Risk Sub-Committee.

Governor of Future Fund Sub-Committee. Member of Project Steering Group.

HUGH BRODIE ORDINARY COMMITTEE MEMBER

Joined Committee in 2024. Member of Finance Audit & Risk Sub-Committee and Membership Sub-Committee.

PAUL KLEIN

ORDINARY COMMITTEE MEMBER

Joined Committee in 2023 Chair of Project Steering Group. Member of Course Sub-Committee.

JAMES POOLE

ORDINARY COMMITTEE MEMBER

Joined Committee in 2020. Chair of Membership SubCommittee. Member of Project Steering Group

ROD SLATTERY

ORDINARY COMMITTEE MEMBER

Joined Committee in 2022. Member of Course Sub-Committee Membership Sub-Committee and Finance, Audit & Risk SubCommittee.

ANTHONY MASTERS GENERAL MANAGER

Commenced as General Manager in 2016. Precinct 1 Project Team Executive

TONY HEDLEY ORDINARY COMMITTEE MEMBER

Joined Committee in 2024. Member of Match Sub-Committee and Course Sub-Committee.

ANNE TAYLOR ORDINARY COMMITTEE MEMBER

Joined Committee in 2023. Member of Finance, Audit & Risk Sub-Committee. Member of Women's Golf Sub-Committee.

PRESIDENT’S REPORT

Barbara Inglis

I am delighted to present my report covering the activities of The Barwon Heads Golf Club (BHGC) from 1 July 2024 to 30 June 2025.

Year of the Clubhouse Closure

These 12 months will be long remembered as the year that the Clubhouse closed for renovation and the Club moved to temporary facilities. The modest but remarkably successful Golfers’ Marquee was embraced by members as they watched the building program unfold.

The year was indeed an all-of-Club effort to realise the renovation plans. While there were some disruptions and inconvenience along the way, members’ abiding memories, I believe, are of seeing the intense building activity played out before their eyes. My thanks to all for their camaraderie, patience and support of the Club. I would also like to recognise the exceptional commitment of our staff and thank them for providing such a warm welcome in the marquee despite the limited amenities.

Financial Performance in Line with Expectations

The closure of the Clubhouse over the reporting period and the temporary

loss of its considerable accommodation and food and beverage income meant that the Club was fully prepared for a deficit year in 2024/2025. While no president likes to report an operating shortfall, the welcome news is that at 30 June 2025 our deficit after depreciation of $360,282 was less than the deficit of $757,167 that was forecast when the Committee gave its approval to proceed with Stage 2 of the Clubhouse renovation in September 2024. This favourable result was largely due to better-than-expected income from green fees, golf shop retail and the Golfers' Marquee’s food and beverage activities. With the addition of new members’ entrance fees totalling $262,697, as well as Future Fund income of $1,764,650 (including donations) and Interest income of $193,811, the Club recorded a net surplus of $1,895,332 for 2024/2025.

Expenditure on the Clubhouse renovation (Precinct 1 Project) was $14,170,851 for the year, taking the total expenditure on the project to $17,358,803 at 30 June 2025. The deft management of the Club’s cash flows, and some luck with the timing of payments, meant that the activation of the borrowing arrangement with Westpac was not required until May 2025. At the financial year-end, the draw-down on the bank facility was $2,871,108; however, after cash at bank the net cash position was positive $968,169.

A highlight of the year was members’ generous support of the Clubhouse Completion Fund, which enabled the Club to implement the most important elements of Stage 2 of the renovation. Donations and pledges totalling $1.968M were received for the full campaign in an unprecedented show of commitment to BHGC and its future. My sincere thanks to every donor for helping us to realise Stage 2, which included the renovation of our 19 bedrooms. Accommodation is and will remain a key source of income in the years ahead.

The Treasurer’s Report provides further detail and explanation of these results.

"Our links golf experience continued to receive wide praise."

On Time and on Budget

As I write this report in September 2025, just after the re-opening of the Clubhouse, there is celebration and genuine pleasure among members as they see the outcome of 18 months of building activity. The project has been delivered ‘on time’ as per the agreed construction schedule with our builders Alchemy Construct, and ‘on budget’ as per members’ expectations. Good planning, management and discipline were the key to this result, especially during the allimportant 'build’ stage in 2024/2025.

Good planning was the legacy of previous years where the Club and its committees had taken the time to identify as best as possible the potential problems and pitfalls that lay within our century-old Clubhouse. This meant we had a realistic basis for tender pricing and project budgeting. While Alchemy found some asbestos in ceilings and walls, and the Learmonth Room’s sub-structure had unexpected challenges, these could be managed within the contingency budget. Importantly, there were no other large surprises as we moved through the year.

Good management was in the skill and commitment of Alchemy to deliver the best possible result. We commend them on their professionalism and the way in which they worked with the Club. Our other consultants were equally effective. I would like to acknowledge the work of our architect, Michael Jefferson of Demaine Partnership and our interior designer Sonia Simpfendorfer of Nexus Designs. This outside expertise was complemented by the Committee’s hard work, in particular the focus and discipline of the Project Steering Group, chaired by Paul Klein; and the Finance, Audit & Risk Sub-Committee, chaired by Bronwyn Constance. The appointment of the project’s Superintendent, Brad van Cuylenberg, was also vital to the project’s success, as was the dedication of our General Manager, Anthony Masters, and his team in providing business continuity and logistics support.

With the good planning and management also came a little luck. Throughout the build, the weather was largely on the Club’s side. There were few rain-affected workdays and any delays in materials’ supply or other unforeseen events proved to be manageable. We were also fortunate in that Alchemy did not find too many unexpected, expensive problems with the fabric of the Clubhouse when it peeled back its floors and ceilings.

Members were able to watch every stage of the renovations from Golf Links Road and the 7th and 18th fairways. The ‘strip out’, the infrastructure re-build, the internal fit-out and the finishing touches were keenly followed. The Club’s Weekly Update, detailing the latest news from the worksite, was far and away the most read page on the website.

Clubhouse Completion Fund

The Clubhouse Completion Fund was established in May 2024 as a special purpose fund under the umbrella of the Club’s Future Fund. Its aim was to raise the monies needed to realise Stage 2 of the Clubhouse renovation. Donations and pledges totalling $1.76m were received between inception and 1 September 2024, the latter being the date by which Alchemy required the Club to confirm its Stage 2 intentions. Thanks to the initial momentum of the lead donors’ gifts and the unprecedented generosity of a broad cross-section of the Club, the Committee was able to give the go-ahead for the key elements of Stage 2. The Fund grew to $1.968m in total at September 2025 a remarkable outcome. The achievement of the major Stage 2 works took the renovation to a new level of quality and finish. The Club will reap the benefits of this extra investment, particularly in the guest accommodation, for many years to come.

Course

Members’ use and enjoyment of the golf course and tennis courts were unaffected by the Clubhouse closure. The presentation of both remained of the highest quality and priority. Rounds of golf played by members and their guests was largely in line with previous years (46,773 rounds compared with 52,000 rounds in 2023/2024). The number of green fee rounds was higher, with these filling the gap left by the lack of house guests. Our links golf experience continued to receive wide praise. I would like to thank our Course Superintendent, Craig Molloy, and his team for maintaining the course and Club grounds to such a high standard throughout the year.

Governance

The 2024 Annual General Meeting saw the election of Jenny Carden as Club Captain. A retired medical practitioner, Jenny was BHGC Women’s Champion in 2022. She has been a Committee member since 2021 and made a notable contribution this year chairing the Match and Course sub-committees, and contributing to the Club’s governance in the area of health and safety, particularly child safety.

Two new members were elected to the Committee – Hugh Brodie and Tony Hedley. Hugh’s expertise in accounting and finance has provided added depth, while Tony’s experience in large projects’ management has been particularly valuable during the build. He is also a long-standing member of the Course SubCommittee. I hope that their example will encourage other members to consider registering their skills and interest in serving the Club with the Nominations Sub-Committee.

During the year the Committee continued to develop a robust framework of policies that articulate the Club’s principles and procedures. Increasing legislative and compliance requirements, as well as the need for clarity and transparency, and for a shared understanding among members of the Club’s responsibilities and actions have driven this initiative. The policies delivered this year included the Club’s first Values Statement. This is an important document that articulates the principles that underpin the Club’s

character and behaviour. The Committee also approved the BHGC Naming and Gift Recognition Policy, and a procedures statement for the handling of complaints in accordance with the Club’s Rules. Important progress was made on the Club’s Risk Policy and Framework, the Child Safety Policy, and the BHGC Support for Charities and Not-For-Profits Policy.

Sub-Committees and Advisory Groups

Many members willingly volunteer their time and expertise to the Club. Our BHGC community benefits greatly from this generosity. Indeed, I would say that the enjoyment that we derive from our Club community is due in no small part to the contribution of these members. The Committee thanks them sincerely for their efforts.

2024/2025 COMMITTEE MEETINGS

The number of Committee meetings held and the number of meetings attended by each Committee member during the financial year:

* Reflects the number of meetings held during the time the Committee member held office.

The Finance, Audit and Risk Sub-Committee (FAR) chaired by Treasurer Bronwyn Constance, played a major role this year in guiding the Club’s finances through the build-phase of the Clubhouse renovation. The considerable skill and experience of two new members of the sub-committee, Stuart Crosby and Charles Christie, provided added muscle. The FAR maintained an intense focus on the monthly financial reports, budgets, cashflows and the tracking of performance to the project’s financial ‘model’. They provided advice and guidance to the Club’s management. The Treasurer assured the vital link between the FAR and the Project Steering Group, with the ‘on budget’ result of the build a testament to the dedication of both groups.

The Membership Sub-Committee, chaired by James Poole, continued to manage the membership application process with care and efficiency. This year 99 new members (including 39 juniors) entered the Club, bringing the total membership to 1811 at 30 June 2025. The sub-committee held regular member induction meetings. These are an important step in familiarising incoming members with the Club’s values, expectations and offering. A review of the member categories was also progressed. We currently have 12 membership categories, each with its own set of criteria, and a simpler approach is being investigated. This work will form part of the Rules review that was signalled in the 2023–2027 Strategic Plan. The Committee thanks the sub-committee’s co-opted members Gary Carpenter, Jackie McDonald, Sarah Hay, JEG Robertson and Cathie Vickers-Willis for the time and effort that they have given to these important activities.

The Women’s Golf Sub-Committee (WGSC), chaired by Women’s President Sally Robertson, managed a full program of golf and social activities this year, albeit sometimes on a slightly smaller scale due to the Clubhouse closure. The absence of shotgun starts followed by lunch was missed but the Golfers’ Marquee was able to accommodate several events. Junior Golf Week was as vibrant as ever, with more than 350 entries. The WGSC shoulders much of the organisation of Junior Golf Week and is to be congratulated on the event’s year-on-year success. My thanks to Sally Robertson and Sarah Hay – Women’s President and Vice-President – and to Jen Warnock and Kirsty Hutton – Women’s Captain and Vice-Captain – for their dedication and leadership.

The Project Steering Group (PSG), chaired by Paul Klein, continued its close monitoring of every aspect of the Clubhouse restoration and renovation, providing monthly updates to the Committee. As the Committee’s front line of governance for the project, the PSG scrutinised the building activity and its associated costs against the agreed construction timeline and budgets, flagging any discrepancies or potential issues.

The Match Sub-Committee and the Course Sub-Committee, both chaired by Captain Jenny Carden, delivered a very successful golfing year. While shotgun starts were temporarily set aside, due to the Golfers’ Marquee having insufficient space to accommodate a full field, all other formats went ahead as usual. The men’s program was well supported and conducted in good, competitive spirit. Despite the Clubhouse closure, the Men’s Invitational attracted a strong field. They had to contend with the worst of Barwon Heads weather, but this did not dampen their enjoyment and camaraderie.

The presentation of the course was praised by members throughout the year. The Course Superintendent, Craig Molloy, and his team maintained their customary high standards and took players’ enjoyment of the course to a new level. The implementation of the Course Enhancement Plan was a priority, with the 4th and 13th holes receiving particular attention. Important planning work was also undertaken in relation to the replacement of the course’s irrigation system, which is scheduled for 2027. As part of this, a revised plan for a 19th hole was developed for consideration by local planning authorities. If approved, the 19th hole will be of valuable assistance over the period of irrigation works as well as into the future. During the year, the Club received a Conservation Works Exemption for noncourse land from the Victorian Department of Energy, Environment and Climate Action, thereby allowing the revitalisation of non-course areas of native bush with a wide range of Indigenous plants. This exemption was the result of several years of hard work by the Club’s Land Management Advisory Group (LMAG), which prepared the Club’s case and formal application. I would like to congratulate the LMAG on the success of this initiative, which will greatly enhance these areas.

The Nominations Sub-Committee, chaired by Peter Guy, completed its second year of activities. It supports a skills-based approach to identifying candidates for governance roles at the Club and provides an open process for members to register their expertise and an expression of interest (EOI) in serving on the Committee or a sub-committee. This process does not prevent any member from standing for election as per Rule 40; rather, it helps to identify members with skills and interest in contributing to Club governance. I would like to thank Pat Lockie, Julie Hope-Johnstone and Jon Malpas for the care with which they undertake the sub-committee’s responsibilities. I note that since its inception the EOI process has resulted in the appointment of 14 members to governance roles.

The Museum and Archives Sub-Committee, chaired by Val Lawrence, turned its focus this year to planning for the re-opening of the Clubhouse and the move into the Archives’ new home – a purposebuilt space with a large compactus in which to keep safe and secure the Club’s collection of artefacts and memorabilia. Some cataloguing and scanning work continued with assistance from staff. Our thanks to Val and her hard-working group: Robin Edge, Pam Hastings, Jacky Healy, Ginny Henderson, Anne Howarth, Jenny McKellar, Nan Nagle and Robin Spry.

The Rules Sub-Committee, chaired by Daryl Batrouney, provided advice as needed to the Committee. As always, the Chair reviewed the notices associated with the Annual General Meeting prior to their dispatch to members to ensure compliance with the Rules and relevant legislation. The Committee would like to thank the sub-committee’s members Tim Dowling, Rob Jeremiah, David King, Evan Lacey and Richard Smith for their expertise and support.

Barbara Inglis with Paul Klein during a construction update

In line with the Club’s Strategic Plan, a review of some aspects of the Rules will be undertaken next year. This review will be managed by the Committee in close consultation with the Rules Sub-Committee. Any proposed changes to the Rules will require member approval, with a threshold of 75 per cent of votes cast.

Future Fund

Established in 2011 the Future Fund is an integral part of the Club’s longterm planning and investment capability. Its Governors are Amanda Derham (Chair), Vice-President Peter Guy, Treasurer Bronwyn Constance, and members John Clark and Mark Cashinella. I would like to thank them for their careful stewardship of the Future Fund, in particular overseeing the compliance requirements of the Special Purpose Fund to support Stage 2 of the Clubhouse restoration (i.e. Clubhouse Completion Fund). This included independent verification and reporting of the acquittal of the Stage 2 funds to the Australian Sports Foundation under whose auspices members’ donations to the Clubhouse Completion Fund received tax deductibility.

Club Competitions

It was wonderful to see so many members participating in the Club’s golfing program in 2024/2025. Win, lose or draw, each contest is an opportunity to take home some good shots, enjoy the course and the company of fellow members.

My congratulations to all the winners, especially to our 2025 Club Champions David Clark and Heather Brodie. This was David’s first championship win, and like David Ennels in 2024, was a special moment as his love of golf goes right back to his Wallace Cup days, and his family too has long-standing ties to the Club. Heather’s championship win was her 12th, which is a remarkable achievement.

This year we offered a Men’s Open category in the Club Championships for the first time, in addition to A, B and C grades. This decision proved very popular as it grouped the near-scratch golfers together and provided added incentive in the A grade category.

A highlight of the year was undoubtedly our Men’s Division 1 Pennant Team winning the flag for the first time in more than 50 years. Comprising both seasoned players and young guns, the team is to be congratulated on a strong season and an exciting win. In the women’s pennant program, there was a similar “first” with the Women’s Sunday Pennant Team taking out its first flag since entering the competition. The Women’s Division 2 team was also victorious. Well done to every member who represented the Club.

I would like to take this opportunity to acknowledge Club member Sally Ludlow in her capacity as a Board Member of the South West Golf Association (SWGA). Sally has served on the SWGA Board for several years with her term to end in November 2025.

Junior Golf

There was a net increase of 39 junior members (or 65%) in 2024/2025. Overall, over the last five years, junior membership has grown from

48 to 71 members. The focus of the Club’s program is to provide these budding golfers with a range of opportunities to improve their skills, get to know other juniors and have some fun. In addition to Junior Golf Week, junior members can join in the ‘Aces’ program, Junior Pennant and regular school holiday clinics. For the past three years, the Club has been invited to participate in the Australian Golf Foundation’s Junior Girls Scholarship Program, with Club Professional Jess Bramble providing tuition and mentorship. Twenty girls have graduated from the program.

50+ Years Members

Members celebrating 50 years of membership in 2024/2025 were: Mr Richard Allen, Mrs Robina Brookes, Mr Andrew de Crespigny, Mr Charles Happell and Mr Angus McKechnie. We congratulate and thank them for their long-standing support of the Club. Due to the Clubhouse closure, the 50+ Years Membership Lunch is taking place in October 2025, rather than prior to the end of the financial year. We look forward to formally introducing the newest members to this special group at that time, together with the 50 Year members from 2023/2024.

In Appreciation Volunteers

Our Club is the vibrant place thanks in large part to the many members who volunteer their time, energy and skills for the benefit of all. On behalf of the Committee, I sincerely thank our volunteers for their generosity and Club spirit. Whether it be serving on a subcommittee, or managing tennis, bridge, billiards or mahjong, or providing beautiful flower arrangements in the Clubhouse, these community-minded members ensure that everyone feels welcome. Their contribution is greatly appreciated by all.

Staff

Every year we acknowledge and sincerely thank our management team and staff whose dedication, skill and care are on display every day.

We have a very experienced team that is led by General Manager, Anthony Masters. Anthony is to be congratulated on the success of this ‘Year of the Marquee’ and all his work behind the scenes to keep the Club community positive and strong. The support that he provided to the Committee and the Project Steering Group throughout the build phase was exceptional.

On behalf of the members, I would also like to congratulate and thank the Club’s departmental heads: Peter Earl (Finance/Administration), Ashley Andrews (Golf Operations), Craig Molloy (Course Superintendent) and Damian Richards (Clubhouse Operations) Additionally, I would like to acknowledge the outstanding efforts of our Food & Beverage Manager, Anton Sergent, and Head Chef, Daniel Howell, who have gone above and beyond in delivering exceptional service to members while working in the temporary facilities.

"I have had the immense good fortune to lead a united, experienced and hardworking Committee..." BarbaraInglis.

Committee

I have had the immense good fortune to lead a united, experienced and hard-working Committee that has given its all this year in pursuit of the Club’s best interests. The build phase of the Clubhouse project brought its own set of additional responsibilities, with Committee members willingly taking on these duties and the time commitment required. Every member undertook their role with diligence and care, and I sincerely thank them for their contribution. It has been an honour to serve with them.

In conclusion

The Clubhouse restoration project will be long remembered as a pivotal moment in the Club’s history. It demonstrated the strength of our Club spirit, our confidence in the Club’s future and our passion for a century-old building that lies at the heart of our community. We already enjoy one of the best links golf courses in Australia and now we can take pleasure in one of the best Clubhouses in the country. The completion of its restoration marks the start of a new and exciting chapter for all of us.

My sincere thanks to everyone for their wonderful support during the year.

BARBARA INGLIS PRESIDENT

Above L-R: Barbara Inglis, Peter Guy, Rod Slattery, James Poole, Bronwyn Constance, Paul Klein, Anne Taylor, Tony Hedley, Hugh Brodie, Jenny Carden.

PRECINCT 1 PROJECT ACHIEVEMENTS

July 2024

Progress is well underway on the construction of the southern extension.

July 2024

Hazardous materials (asbestos) are uncovered. Guidelines are followed and critical control measures employed.

August 2024

Non-heritage areas of the lower ground floor are stripped out. Soil is removed to expose, then replace, structural footings.

September 2024

A copy of the Argus newspaper from August 1923 is discovered in the Clubhouse from when it was originally built.

September 2024

Thanks to member generosity, $1.76M was raised in donations and pledges enabling Committee approval of a revised Stage 2 project scope.

October 2024

Structural steel arrival enables construction of internal spaces and integration with existing ground and lower floor areas.

November 2024

Course architect Paul Mogford visited to review course enhancement works, including 7th fairway mounding

December 2024

A significantly upgraded electrical kiosk substation is installed.

January 2025

The approved heritage colour scheme balances the Clubhouse’s 1920s origins with its more recent greenand-white palette.

March 2025

The Learmonth Room requires major subfloor works with new stumps, steel and glazing. Integrity is secured.

April 2025

The new watertight deck and piers frame a useful space at locker room level

June 2025

May 2025

An 8.85kW solar system is installed.

Indigenous flora now shapes the Clubhouse gardens, creating a sustainable landscape that complements the renewal and links.

June 2025

Nexus’ design pillars—tradition, belonging, functionality and identity begin coming to life.

TREASURER’S REPORT

BronwynConstance

EXPENSES FROM OPERATING ACTIVITIES

Summary

The Financial Statements have been affected by the closure of the Clubhouse for the full 12 months. House guests make a significant contribution to the Club’s financial position. Accommodation, Food and Beverage, and Golf Shop revenues were all lower than last year due to their absence. Management has ensured that expenditure was curtailed where possible.

Operating results and cashflows for the financial year were favourable compared to the forecast prepared when Stage 2 of the Clubhouse renovation was approved.

The key focus of the Finance, Audit and Risk Sub-Committee has been on the Clubhouse restoration, particularly expenditure on Stage 1 compared to the approved amount, reviewing and recommending to the Committee the Stage 2 financials, and finalising the loan agreements with Westpac. I am pleased to report that expenditure on both Stage 1 and 2 is below approved levels.

A risk management framework is being implemented in accordance with the 2023–2027 BHGC Strategic Plan.

Operating Results for the Year Ended 30 June 2025

(refer Graph 1)

An operating deficit of $360,281 was reported for the year compared to a surplus last year of $14,872. Comparisons are difficult as the Clubhouse was closed for 12 months in 2025 versus one month in 2024.

Membership was the only centre to record an improvement year-on-year due to the increase in subscriptions.

Accommodation was the worst affected with no revenue versus $754,064 last year. Employment expenses were reduced by $266,948 as housekeeping staff were not required and permanent staff were deployed elsewhere. The Golf Shop and Golf Operations surplus was $176,344 below last year due to the impact of house guests on green fees and retail. The Food and Beverage deficit was $87,792 higher than last year, as the impact of the temporary Clubhouse and the extension of the house levy to 2026 was partially offset by lower employment expenses due to reduced staff headcount.

Administration expenses were $67,611 more than last year due to costs of relocating the Clubhouse and increased insurance premiums.

The Operating Deficit was less than forecast. The popularity of the marquee ensured Food and Beverage results were better, as were green fees and golf retail sales.

Net Surplus for the year ended 30 June 2025

A net surplus of $1,895,332 was reported for the year. This includes income from non-operating activities: donations received from members and applied to Stage 2 expenditure $1,699,680; entrance fees $262,697; and interest income of $193,811.

Net Cash Position

At 30 June, the Club had $3,839,277 in cash and $2,871,108 in borrowings, resulting in net cash of $968,169 compared to $10,929,530 (cash and cash equivalents) at the beginning of the year—a net outflow of $9,961,361.

Capital expenditure of $14,878,132 was offset by donations received from members ($1,699,680), cash inflows from operating activities ($2,729,210), and working capital movements.

Capital expenditure includes the Clubhouse renovation ($14,170,851) and other items ($707,281). The Club continues to invest in the course in line with an agreed 10-year plan. Major items of expenditure were replacement of course machinery ($477,000), irrigation works, design planning ($98,000), and course improvement works ($33,000).

The net cash balance was favourable to the forecast due to operating activities and the timing of expenditure on the Clubhouse renovation.

Statement of Financial Position

The Club’s balance sheet remains strong, with total members’

A measure commonly used when assessing the liquidity of an entity is the relationship of current assets to current liabilities. In the past, the Club’s current assets have exceeded current liabilities. This year they were below. Entrance fees which have already been received have been deferred and treated as current liabilities for accounting purposes. When these are excluded, the ratio is positive. In prior years, the Club’s significant cash reserves contributed to the positive number.

Clubhouse Restoration

The final Clubhouse restoration project expenditure is not yet finalised but it will be below the approved budget for both Stage 1 and 2 of $19,858,561. Donations received from members were applied against Stage 2 expenditure, with the Club funding the balance from operating cashflows.

The Sub-Committee put in place a process for approving variations to contract commitments and use of project contingencies, including approval limits for management and the Project Steering Group (PSG). Any variations above management’s limit were reviewed by the Sub-Committee, with recommendations made to the PSG and Committee.

Most of the contingency has been absorbed by approved variations, the majority of which were for asbestos removal and the Learmonth Room sub-structure. They accounted for 43% and 17% of the total, respectively.

As the expenditure is within budget, borrowing levels will remain within the $7 million approved limit.

In January, the formal borrowing facility documentation was finalised with Westpac. It included reference to Stage 2 and the sale of 18 Stephens Parade. All terms and conditions, including the interest-only period, repayment, fees, and interest margins, were as per the previously agreed term sheet with an approved debt limit of $7 million. After the proceeds are received from the sale of 18 Stephens Parade, Westpac will reduce the limit to $5 million.

Risk

A risk management framework is being implemented in accordance with the 2023–2027 BHGC Strategic Plan.

During the year, the Club’s Strategic Risk Register was completed. The Project Strategic Risk Register was already in place. Management is working on establishing an Operational Risk Register.

Outlook

The 2025/26 financial year should be viewed as two distinct periods. A loss will be reported for the three months to 30 September as the marquee continued to operate for the first five weeks and the costs of returning to the Clubhouse were incurred. A profit in line with the forecast prepared when Stage 2 of the Clubhouse renovation was approved is expected for the remaining nine months. Thank You

This has been another interesting year with many new challenges confronting management. These include operating in the marquee, raising funds for Stage 2, changing the contract and model to include Stage 2, negotiating a final agreement with Westpac, and developing a new operating model for when the Clubhouse reopens. Thank you for a job very well done.

I would also like to thank the members of the Finance, Audit and Risk Sub-Committee for their input and advice. Rod Slattery and Anne Taylor have been on the Sub-Committee for the full year, Richard Leckie for the months up to the AGM in November, and Hugh Brodie, Charles Christie, and Stuart Crosbie after that date. It is a very qualified and experienced group.

BRONWYN CONSTANCE TREASURER CHAIR OF FINANCE, AUDIT & RISK SUB-COMMITTEE

Graph 1. Operating Results for the Year Ended 30 June 2025.

Details of membership as at 30 June 2025:

It is a pleasure to report on what has been an eventful year for the Membership Sub- Committee.

As at 30 June 2025 the overall Club membership stood at 1,811 compared with 1,760 at the same time last year. Within that total, Ordinary Playing Member numbers rose by 11 to 1,124, Provisional Members remained steady at 50, and Junior Members increased to 71. The male/female ratio across the overall membership shifted slightly from 63/37% to 64/36%.

During the year 99 new members were elected, including 39 juniors. A further 52 Provisional Members were transferred to full membership. Offsetting these additions were 35 resignations, a substantial reduction from 69 in the prior year, and 13 obituaries. In the absence of new member functions during the past year, we look forward to welcoming recent additions at two functions planned to coincide with the reopening of the Clubhouse.

The pipeline of candidates remains strong, with approximately two and a half years’ worth of applications currently in hand—an increase on last year.

As noted previously, rounds of golf played on the main course are a key factor in determining the pace at which candidates are admitted and Provisional Members are transferred to full membership. These rounds were somewhat reduced during the Clubhouse closure but are expected to return to more normal levels in the year ahead.

During the year five members reached 50+ years of membership: Mr Richard Allen, Mrs Robina Brookes, Mr Andrew de Crespigny, Mr Charles Happell and Mr Angus McKechnie.

Finally, I extend sincere thanks to the members of the Membership Sub-Committee for their commitment and contributions throughout the year.

JAMES POOLE CHAIR OF MEMBERSHIP SUB-COMMITTEE

OBITUARIES

We record with much regret the death of the following members during the year to 30 June 2025: Mr R A (Ron) Potter, Mrs A G (Ann) McMillan, Mrs D M (Davina) Hanson, Mr I R (Ian) Redpath, Mr C B (Chris) Mackey, Mrs A M (Alison) Nash, Mr A (Alan) Howarth, Mr R T B (Tom) Paul, Mr G S (George) Selwyn, Mrs G (Gillian) Gubbins, Mr L T (Trevor) King, Mr T P (Terry) Callan and Mr J A (John) Hall.

46,773

Total

GENERAL MANAGER’S REPORT

Anthony Masters

The 2024/2025 year has been one of the most significant in the Club’s history. What began with the decant from our heritage-listed home in mid-2024 into temporary facilities evolved into a year of strategic planning, operational adaptation and anticipation for the reopening in early September 2025.

Construction on the Precinct 1 Project progressed steadily under the guidance of Project Manager Brad van Cuylenberg and builder, Alchemy Construct. Stage 2 enhancements, approved during the year, were incorporated without jeopardising the overall delivery timeline. As at July 2025, the project remains on budget and on track, with the installation of furniture, fixtures and equipment scheduled from late August. The Clubhouse is set to reopen in the first week of September 2025 – subject to final statutory approvals – marking a milestone in the history of the Club.

A program of member events, designed to appeal to the full spectrum of membership, will run from opening day, ensuring that golfers, social members, house guests and families all have the opportunity to celebrate this occasion. Management has also developed a comprehensive Project Transition Plan covering all aspects of the move – from commissioning utilities and installing IT systems to reopening hospitality operations, relocating billiards and bridge, and training staff in the new environment. This structured approach will ensure a smooth changeover from the marquee and coffee caravan into the Clubhouse.

At the start of the financial year, two key uncertainties shaped the budget: how well members would support food and beverage operations in temporary facilities, and whether the Club could offset the expected loss of green fee revenue from reduced accommodation by increasing public and member play.

While green fees finished $121k below budget, they still represented a $169k increase on the prior year – a far stronger result than forecasts suggested early in the year.

Food and beverage performance was a standout, with sales exceeding expectations by $295k, representing a 48% uplift on budget. Growth was evenly split between food and beverage, reflecting strong member support throughout the construction period. Achieving this result, however, required an additional $234k in labour and cost of goods sold, highlighting the close link between higher sales volumes and staffing costs.

In line with the 2023–2027 Strategic Plan, a major review of the Club’s Food & Beverage operations was undertaken. Led by consultant Annette Verhoeff and informed by site visits to other leading golf and hospitality venues, the review examined menu design, service models, pricing, dress codes and operational standards for each hospitality space. New function packages, wine lists and operating procedures are ready for implementation from reopening.

STAFF – YEARS OF SERVICE

A key outcome of this work has been the development of the Hospitality Vision Statement and its six supporting pillars. This vision captures the essence of the Club’s food and beverage philosophy – enriching the member and guest experience with offerings that are welcoming, appropriate, enduring and aligned with the Club’s values, traditions and unique character. The pillars are summarised below.

Hospitality Pillars

1. Member & Guest Centred – Every decision begins with the membership in mind; offerings suit the occasion, respect tradition, and preserve Club culture.

2. Consistent Excellence – Consistency in quality, service and presentation underpins every experience. Predictable standards, delivered well, build trust and pride.

3. Thoughtfully Designed – Menus, spaces and service models are purposeful, functional, and complement the Club environment.

4. Warm & Welcoming – Service that is courteous, attentive, and fosters a sense of belonging.

5. Quietly Distinctive – A culinary identity rooted in heritage and place, with creativity balanced by restraint.

6. Responsive, Not Reactive – Hospitality at the Club evolves through thoughtful review, not short-term trends or individual preference.

This Vision Statement, fully aligned with the Strategic Plan, will guide decision-making, training and service delivery across all hospitality outlets, providing both clarity of purpose and continuity of experience for years to come.

Operating from the marquee, coffee caravan and temporary administration hub at Gullane tested the adaptability of members and staff. The response, however, was exceptional. Members embraced the constraints of temporary facilities with patience and good spirit – even during the multiple, and often frustrating, safety-related closures due to high winds.

Bridge and billiards players showed similar resilience, relocating to the Uniting Church hall and, when necessary, the Barwon Heads Bowls Club, while billiards players forged a successful alliance with the Geelong Club. Committee, Sub-Committee and New Member meetings were held in a variety of venues – from the marquee and the course maintenance shed to Gullane and, most notably, the Barwon Heads Arts Hub, which became the Committee’s “pseudo home” the past 15 months.

Throughout this period, the Golf Shop team maintained strong member engagement and delivered a busy calendar of events despite logistical challenges. Shotgun starts were simply not possible under reduced marquee capacity, but creative scheduling ensured competitions continued with minimal disruption. Pace of play initiatives, including proactive marshalling and the introduction of tracking tools, delivered measurable improvements, while retail performance remained consistent, supported by fitting days and the release of new products.

The Club’s clinics, pathway programs, junior coaching and school partnerships also remained strong, sustaining participation and engagement despite operational constraints. While accommodation bookings were naturally reduced during the closure, targeted communications – including e-newsletters to past house guests – have already secured more than 1,500 room nights for the first quarter following reopening.

In Food & Beverage, the team adapted offerings to the limitations of the marquee and caravan, introducing menu changes, wine promotions and operational efficiencies that enabled the successful hosting of a variety of member and interclub events.

The launch of the Northstar Club App provided members with streamlined access to golf bookings, event registrations and account information. Training and support ensured a smooth uptake, and further enhancements are planned for the year ahead.

The Committee and management team remained focused on delivering the 2023–2027 Strategic Plan. Notable progress this year included development of a Brand Positioning Statement to guide communications, marketing and service standards; continued works on the Course Enhancement Plan including steady progress on the addition of a 19th hole; and engagement with Golf Australia on the transition to the GA CONNECT platform, preparing the Club for the national changeover in late September 2025.

The achievements of the past year have only been possible through the dedication of our staff, the support of our members and the leadership of the Committee. I extend my sincere thanks to President Barbara Inglis, Captain Jenny Carden, Vice-President Peter Guy, Treasurer Bronwyn Constance and all Committee members for their guidance and commitment.

Finally, I acknowledge the efforts of our entire management team and staff – many of whom have worked in challenging temporary conditions – as we prepare together for an exciting new chapter in the Club’s history.

ANTHONY MASTERS

Flags flying around the 18th green during the Men's Invitational.

MATCH

2024–25 has been a challenging year without the Clubhouse, but the outstanding course and the temporary facilities in the Golfers’ Marquee ensured members continued to enjoy participation in Club life and competition. The course has remained in excellent condition, reflected in the Club’s continued high national ranking.

As planned in the financial modelling for the Clubhouse redevelopment, the Club welcomed many visitors this year, including regular house guests, member-introduced players, reciprocal members and green fee golfers.

A review of the Course Access Policy was undertaken in anticipation of increased house guests once the Clubhouse reopens and the consequent impact on tee times. There is always a balance between member access and non-member play (house guests and visitors) and the revenue they generate. Visitors and house guests are encouraged to play at less “in demand” times to ensure member amenity remains the priority while also supporting guest satisfaction, Clubhouse utilisation and revenue.

The sub-committee has focused on encouraging participation and inclusion across all membership categories and stages of life — from our Division 1 Men’s Pennant Team and regular competition day players to

provisional and new members, juniors, the Par 3 groups, nine-hole golfers and those playing from the forward tees. Truly, there is something for everyone.

Total rounds played were, as anticipated, lower at 46,773 (from 52,173 in 2023/24). Member rounds remained essentially unchanged at 36,576 (36,815), while visitor rounds declined primarily due to minimal house guest use — 659 compared with 5,110 the previous year. Green fee rounds increased as planned, driven by promotion during the Clubhouse closure, at 2,151 (1,183), while member guest rounds remained steady at 5,757 (5,800).

Work has continued under the active management of the Golf Operations team and sub-committee on pace of play, member conduct on the course, and use of both the practice facilities and Par 3 course. The sub-committee’s responsibilities also include regular review of competitions and Conditions of Play. This year, we have:

• Established a decisions register

• Developed a Knockout Policy

• Developed a Junior Framework, including a Child Safety Policy

• Reviewed reciprocal club arrangements

• Reviewed the Par 3 course slope rating

2025 Club Championships

The Club Championship qualifying rounds again provided flexibility for members to qualify on either weekdays or weekends. In 2025, a new Men’s A Grade division was introduced due to the large number of players with handicaps below six. Despite three days of high temperatures over the March long weekend, David Clark claimed his first Club Championship. In the women’s division, Heather Brodie continued her remarkable run, securing her 12th title. Congratulations to the winners of the other grades who are listed elsewhere in this report.

Pennant

Our Pennant teams had a groundbreaking year. The Division 1 Men’s Team claimed an historic Premiership — the Club’s first in 52 years. Likewise, the Women’s Sunday Pennant team secured their first win in the competition’s 38-year history, and the Women’s Division 2 team was victorious in their section. These results represent an exceptional achievement for the Club.

Interclub Events

In the Ripple Cup the BHGC women prevailed but the men lost the Rip Cup to Sorrento; RMGC defeated BHGC at Royal Melbourne but the BHGC women won the 'Flash in the Pan'; and The National defeated BHGC at The National. Despite the absence of a Clubhouse and challenging windy conditions, the Men’s Invitational Challenge was well supported by clubs from across Australia and New Zealand and won by Kooyonga.

Upholding Traditions and Values

The Club’s core beliefs — honesty, integrity, respect, sportsmanship, civility and the traditions of golf — remain central to our identity. This year, a roundtable discussion was held following a survey suggesting some erosion of these values. The Committee made a series of recommendations and has since worked to raise awareness of expected standards and behaviours.

Concerns raised included: late cancellation of games, members failing to notify partners of withdrawal, limited mixing between groups, reduced participation in trophy events, lack of post-round engagement, phone use on the course, smoking, slow play, and impolite interactions between members or with staff. The Committee is adopting a proactive approach to reinforce the high standards that underpin the culture of our Club.

Acknowledgements

On behalf of the Match Sub-Committee, I thank the Golf Operations team — Ashley Andrews, Narelle Alford and all Golf Shop staff for their efficient management of our golfing program and their support of both members and visitors. I also thank my fellow sub-committee members: Jen Warnock, Tony Hedley, Andrew Kibbis and Bec Bain.

JENNY CARDEN

CHAIR OF MATCH SUB-COMMITTEE

Above: After

the

since 1973.

Top left: Cunningham Trophy winners Andrew & Jenny Bigelow with presenter Tony Reilly (centre). Left: The Invitational winning team from Kooyonga L-R: Dennis Laundy, Rowan Fielke, Michael Gilroy, Geoff Brennan. Above: RMGC Captain Anna Field (L) and BHGC WGSC Captain Jen Warnock.

52 years,

Division 1 Men’s Pennant team broke the drought—securing its first premiership

The Division 1 Pennant team consisted of LR: Cam Russell, Jack Wood, Tom Hyland, Mark Cashinella, Craig Corker, Peter Brooks and Jack Keating.

Maintaining the short game practice facility.

COURSE

Despite the lack of access to our Clubhouse, members, reciprocal members, guests, green fee players and the wider golfing community have continued to visit and enjoy the course. Many regular house guests and invitational visitors maintained their annual trips, a testament to the quality and reputation of the course itself.

Course Enhancement Plan

Work under the Course Enhancement Plan has continued with close involvement from our course architect, Paul Mogford. Members will have noticed:

• Renovation of the 1st tee and fencing

• Reshaping of mounds and planting near the 7th hole

• New tees on the 13th hole

Irrigation

Reduced rainfall this year, combined with an ageing irrigation system, has highlighted the need for the planned irrigation project. Design work is well underway, supported by drone mapping of the course. This project will deliver significant improvements in efficiency, both in water use and in chemical application.

Par 3 Course and Practice Facilities

The Par 3 course continues to be a highly utilised facility. Recent maintenance and upgrades — including resurfacing of tees and

improved irrigation on selected teeing areas — have reduced wear and improved playing conditions. The short game practice facility also remains popular. Staff and members continue to work together to manage both safety and wear in this area.

Course and Clubhouse Interface

The Clubhouse restoration project has created new opportunities for landscaping and planting around the building. A new employee will take responsibility for the gardens surrounding the Clubhouse.

19th Hole Planning

Planning for the 19th hole, in collaboration with Paul Mogford, continues with a focus on the preferred location to the left of the 10th green. This requires sensitive cultural heritage assessment and minimal vegetation removal to ensure environmental impacts are kept to a minimum.

Environmental Stewardship

The Course team continues to demonstrate a strong commitment to environmental stewardship. Modern technology is being applied to improve efficiency in water, chemical use and manpower, delivering both financial and sustainability benefits.

Acknowledgements

Sincere thanks are extended to Craig Molloy and his team, along with sub-committee members Tony Hedley, Rod Slattery and Jen Warnock, for their considerable contributions throughout the year.

JENNY CARDEN CHAIR OF COURSE SUB-COMMITTEE

13th tee works

shaping of the RHS of the seventh.

WOMEN'S GOLF

Sally Robertson

It has been an historic year for the Club and, of course, for the women members. Our beloved Clubhouse closed its doors at the end of May 2024 for a major renovation (rebuild!) Understandably, this milestone has affected women’s golf at the Club, but overall we have been only slightly inconvenienced. It is not every day a retro caravan is parked next to the 1st tee for that important coffee, and the marquee beside the practice fairway has catered to our nourishment needs rather well.

It was decided once again not to hold the Women’s Invitational. Without the Clubhouse atmosphere and facilities, it was not considered suitable to host the event. For the most part, however, the women’s golfing program has run as usual (with some modifications), both on our home course and away.

Thank you to those members who continue to brave the elements, and to those who represent the Club in the many district Bowls and competitions. A particular thank you to Sally Ludlow, Club member and SWGA Vice President, for her continued support of women’s golf.

In October, to maintain camaraderie during this ‘chapter of change’, the sub-committee organised a dinner at Feed Me Bellarine in Ocean Grove. Fifty diners enjoyed excellent food, warm company, and contributed generously to a worthwhile charity. Thank you to Sarah Hay for this initiative.

Our annual Wellways charity golf day was again well supported by members and the community. Mental health remains an important cause, and this fixture is an important part of our calendar.

In late October, a team of eight competed in the Three Links Challenge against The Sands and 13th Beach, with Barwon Heads emerging as the winning team.

Spring brought the President v Captain Teams Match, Members Day for Committee, Oaks Day and the Shaw Foursomes — all annual events that reflect the fun and enjoyment of playing golf at BHGC.

The Women’s Annual Trophy Presentation Day in November celebrated the achievements of our women golfers and marked changes within the subcommittee. We farewelled our outstanding President, Cathie VickersWillis, who left large shoes for yours truly to fill. I was honoured to accept the role as the 50th President of the Women’s Golf Sub-Committee. Jane Galbraith, our BP Quiet Achiever, also retired after three loyal years of service. We welcomed Jackie McDonald and Anne Taylor, our representative from the Main Committee.

The Trilogy Cup followed — three rounds scheduled at the end of our golfing calendar. Only two were played, as the second round was abandoned due to fog. Instead of the usual lunch after the third round, we held Trilogy ‘Wind-Up’ drinks in the marquee, enjoyed by many.

The Saturday Par 3 group also celebrated the year with a lively lunch. Marg Austin and her right hand, Susie Austin, continue to coordinate this happy group throughout the year. Thank you both.

The New Year began with the Ripple Cup against Sorrento, and it was pleasing to win it back. The move to Thursday play was well received. This event is one of many social yet competitive matches played throughout the year, with Royal Melbourne, Victoria, Metropolitan and Ballarat Golf Clubs among our opponents. These fixtures have long associations with our Club and are an important part of our history.

Junior Golf Week (JGW) followed, with a record 369 entries. The response and positivity were heartening. The marquee proved a perfect base for the young players, with record numbers of fries and milkshakes consumed. The Women’s Golf Sub-Committee managed well, despite not having an office. Thank you to Women’s Captain, Jen Warnock, for coordinating the children, parents, grandparents and crucial helpers. Without our volunteers, this event could not happen.

Opening Day was a Pinehurst event, enjoyed by all despite the heat. Drinks and finger food followed in the marquee that evening, with a musician providing background harmony.

In February, BHGC hosted the Barwon Heads District Bowl, with 17 SWGA Clubs fielding 30 teams. The day was a great success and enjoyed by all.

The Club Championships in March are a significant date in our calendar. Entries were lower than usual this year, so we hope to see an improvement next year. Congratulations to our winners:

• Club Champion: Heather Brodie

• B Grade Champion: Sarah Hay

• C Grade Champion: Xenia Williamson

• Veterans: Carol Reid

• Super Veterans: Cynthia Thomas

The Pennant season began in March with evening drinks in the marquee. Thank you to Kirsty Hutton for again coordinating the four teams (while also playing), ably supported by team captains, caddies and emergency players. This year’s Sunday Pennant team secured their first-ever win for the Club, and the Division 2 team had a thrilling victory. The Sue Pizzey Trophy for Pennant Player of the Year went to Anna Rothe. The Women’s Captain Club Award was won by Wendy Amor, and the Sunday Pennant Joye Burton Salver by Amanda Derham and Sally Ludlow. The season’s successes were celebrated in style at the pennant wind-up.

Our annual Marrum Cup, normally in May, was postponed until September due to the Clubhouse renovations. With 2025 marking both the Centenary of the Marrum Cup and the reopening of the Clubhouse, it will

Pennant Season Launch 2025.

Above: Division 2 Pennant Winners 2025

Above:AmandaDerham&SallyLudlowJoyeBurtonSalver 2025. Left:AnnaRothe-SuePizzeyTrophyWinner2025

Above: Sunday Pennant Winners 2025.

AwetstarttoJuniorGolfWeek2025.JennyMcMillan&AnneTaylor.

Left:Women'sGolfSub-CommitteePastPresident,CathieVickersWillis.

Above:ThehugelysuccessfulJuniorGolfWeek2025.

Above: Women's Golf Sub-Committee 2024-2025. L-R: Anne Taylor, Kirsty Hutton (Vice Captain), Hilary Williams, Jen Warnock (Captain), Sally Robertson (President), Sarah Hay (Vice President) and Jackie McDonald.

Above: Jen Warnock (R) accepting the Ripple Cup from Sorrento Captain, Andrea Burne.

be a double celebration. We thank Chris Edge and Sherryl Nelson, who are stepping back after many years coordinating Marrum Cup volunteers.

To all women members who contribute their time — from JGW helpers to spotters, caddies, archive work and the floral arrangements on the first tee — thank you. Your efforts make a real difference to our Club.

We are grateful to Golf Operations Manager, Narelle Alford, for her invaluable support, and to Jess Bramble for her work with the Women’s Members Game Improvement Program.

The Clubhouse overhaul has been years in the making. We congratulate our General Manager Anthony Masters and ALL the staff- indoors and outdoors. Thank you for your considerable efforts to accommodate each and every one of us throughout this project. You ARE appreciated and we are almost there!

I must also mention Anton Sergent, our Food and Beverage Manager. Anton has worked tirelessly, particularly for events, to plan many and varied menus for us within rather limited facilities. It has not been easy, but I think you will agree that he has managed very well and always with a smile. Thank you Anton.

To the Women’s Sub-Committee: Captain Jen Warnock, Vice President Sarah Hay, Vice-Captain Kirsty Hutton, Hilary Williams, Jackie McDonald and Anne Taylor. Thank you very much for your willingness to contribute and your able fulfilment of your specific roles.

Lastly, I thank the women members for their unwavering support. We have had more celebratory drinks than post-shotgun lunches, but that hasn’t been such a bad alternative! We have also been able to continue to play uninterrupted on our wonderful golf course and with that, benefit from the friendship and bonds of our fellow members.

2025 is the Year of the Snake. Snakes (apparently) represent wisdom, development and transformation. This is most appropriate with the current shedding of the old Clubhouse skin for its new shiny one!

There is much to look forward to.

SALLY ROBERTSON PRESIDENT OF WOMEN'S GOLF SUB-COMMITTEE

Above: The 2024 Women's Annual Trophy Presentation in the Golfers' Marquee.

JUNIOR GOLF

The Club’s junior golf program supports all levels of junior players, from beginners without a handicap through to those competing at an elite level.

Membership

The Club currently has 71 junior members — 14 girls and 57 boys. The pipeline remains healthy with 32 junior candidates (two girls and 30 boys).

Programs

Our junior program includes the monthly Sunday Aces clinics, the AGF Girls Scholarship program, the Grade 5/6 Primary School clinics, Junior Golf Week in January, school holiday clinics and Junior Pennant.

In 2025 we farewelled Jordan Kane, who moved to a senior role at Lonsdale Links. Jordan’s contribution over recent years was significant, encouraging juniors to participate, improve and enjoy the game. We thank him sincerely. His role has been ably taken up by Jess Bramble and Ashley Andrews.

• Aces: The Aces program continues to thrive, with 143 participants in 2024. Held on the first Sunday of each month, it introduces juniors to the fundamentals of the game.

• Primary School Program: Two after-school clinics run throughout the school year, with 47 children attending in 2024.

• Holiday Clinics: Fully subscribed clinics remain a popular part of the program each school holiday.

• AGF Girls Scholarship Program: Congratulations to Jess Bramble for her leadership of this initiative, which fosters a deep love of golf by building a strong bond between girls and their golf club. An enthusiastic group of young girls participate each school term.

The 2024 Junior Pennant team finished fifth in their division. Special thanks are extended to Hague Shier for his remarkable 10 years of service as Junior Pennant Manager and Junior Coordinator. Prior to 2014 the Club did not have a structured junior program, nor a junior member with a handicap. Today we can proudly say we have:

• A healthy pipeline of juniors progressing to full membership

• Juniors playing (and winning) senior pennant

• Juniors attending college in the USA

Championships

Junior Girls Champion: Claudia Collins

Junior Boys Champion: Tom Hyland, who defeated Jack Keating on the 18th hole in a high-quality match worthy of the Open Championship.

Community Engagement

The August Community Golf Day once again raised significant funds for Barwon Heads Primary School; however, due to the inability to hold a shotgun start the total of $5800 was lower than previous years.

Acknowledgements

Thank you to our members, Club professionals and Committee for their ongoing support of junior golf, and for taking a genuine interest in the development of our young players both on and off the course.

JENNY CARDEN JUNIOR GOLF COORDINATOR

L-R: Jenny Carden, Tom Hyland, Claudia Collins, Michael Ramsey.

Junior Pennant

Above left: Aces participants.

Above: In the 2025 C.L.Winser Trophy, it was

who made the best possible start with a hole-in-one on the first.

prior

Oscar Lowe

Left: Alex Quirk in 2022 with

Junior Development Coordinator Hague Shier.

A participants in the AGF Girls Scholarship Program. L-R: Lucy Miller, Maddie Wright, Georgia Goonan, Clementine Cole, Maggie Goonan, Chloe Gunn.

FUTURE FUND

The mission of the Future Fund is to preserve and enhance the Club's standing as one of Australia’s premier golf clubs.

The Fund is available for future major capital purchases and facility improvements, in accordance with Club Rule 63. Members' donations are tax-deductible through our association with the Australian Sports Foundation (ASF).

The Future Fund is divided into two parts. Fund A holds general donations and bequests from members, which accumulate until the balance reaches at least $1 million before any drawdowns. As of June 2025, the balance stands at $76,784. Fund B holds project-specific donations, entry fees, and investment income. The current balance stands close to zero after $6,003,999 was drawn down to assist with the restoration project and new donations for Stage 2 were expensed.

Members raised an extraordinary $1.968 million for the completion of Stage 2 of the Clubhouse restoration. The result reflects the remarkable generosity of members and the Club’s strong culture of stewardship for future generations.

During the campaign, Future Fund Governors worked closely with the Clubhouse Completion Fund Ambassadors, the Finance, Audit & Risk SubCommittee, and the main Committee. The collaboration demonstrates the power of alignment among governance groups to advance major projects. Donations were directed to the Clubhouse Completion Fund via the Australian Sports Foundation (ASF) and the Club’s Future Fund account. These funds ensured Stage 2 could proceed in tandem with Stage 1 works. Member support has been central to delivering enhanced amenities while preserving the Club’s heritage and reputation.

The ASF’s process requires the General Manager to account for the donated monies with monthly updates on the project’s status, detailing use of funds and evidence of payment.

The framework provides discipline and accountability for the Club and subcontractors to ensure compliance with ASF obligations.

With Stage 2 secured, the Future Fund’s ongoing role changes as the Committee’s focus is now on repaying Stage 1 debt. Once repaid, the intention is to recommence the growth of the Future Fund’s corpus through the transfer of entrance fees and, it is hoped, member donations. The Governors’ fiduciary role to manage Fund A continues, and discussions are underway to redefine shorter-term goals while maintaining the Fund’s long-term vision.

The Future Fund has continued to benefit from the strategic expertise of its Governors. Thanks are extended to John Clark and Mark Cashinella for their sensible investment advice and commitment, to President Barbara Inglis for her leadership during the Clubhouse Completion Fund campaign, to Treasurer and Governor Bronwyn Constance for her financial stewardship, and to Vice-President and Governor Peter Guy for his valued contributions. The Governors also acknowledge the work of General Manager Anthony Masters and Finance Manager Peter Earl in ensuring robust financial management and transparent member communication.

The Clubhouse Completion Fund remains live on the ASF platform for tax-deductible donations, and members are encouraged to continue their support of the Future Fund and its mission to protect and advance the Club’s long-term interests. I encourage members to support the Club’s culture of giving and speak to General Manager Anthony Masters, who will be happy to answer any questions.

My heartfelt thanks to all members for your support of the Future Fund.

AMANDA DERHAM CHAIR OF FUTURE FUND SUB-COMMITTEE

CLUBHOUSE COMPLETION FUND

We are truly grateful for your support.

As part of this annual report, a list of the members or families who have donated or pledged to the Clubhouse Completion Fund can be found on the Club's website. Members who requested anonymity have not been named, nor have the amounts donated been published.

Lead donors

We would like to acknowledge and thank our lead donors who generously contributed $100,000 or more:

Cath and Roger Brown

Marg and Mark Burrowes

Ros and Ray Quinlan

Rosemary and Robin Syme

LAND MANAGEMENT ADVISORY GROUP

2025 has been a milestone year for the Land Management Advisory Group (LMAG), with the achievement of its primary objective: the approval and implementation of a land management strategy to enhance and preserve the Club’s valuable natural environment.

Established in January 2017, LMAG was tasked with guiding the stewardship of approximately 48 hectares of non-course land owned by the Club. From the outset, its key goal was to develop a long-term plan that would protect and enhance the site’s native vegetation and biodiversity.

A critical step in increasing biodiversity has been the ecological thinning of tea tree, which had come to dominate many areas. This required approvals from the City of Greater Geelong and later the Department of Energy, Environment and Climate Action (DEECA). In 2023, Okologie Consulting was engaged to develop a comprehensive strategy, which was revised and submitted to DEECA in 2024.

In February 2025, Course Superintendent Craig Molloy reported that DEECA had approved ecological thinning across six designated zones of non-course land. The permit allows for the removal of up to 70% of tea tree in those areas — the realisation of the goal first set in 2017 and a significant achievement for the Club. Implementation of the works will span up to four years. Members may already have noticed the early stages of thinning near the left-hand side of holes 4 and 13. Over time, these areas will showcase improved biodiversity and native species regeneration.

LMAG has also reviewed landscaping plans for the refurbished Clubhouse and welcomes the inclusion of native plants chosen to complement both the architecture and surrounding environment.

Volunteer support continues to play a vital role. Our thanks go to Frank Webb, who coordinates the Working Bee group, which meets on the last Monday of each month from March through October. Under the guidance of Superintendent Craig Molloy and Vegetation Manager Alex Cust, the group — often numbering up to 15 volunteers — works to remove invasive species such as Italian buckthorn, coastal wattle, juvenile tea tree, boobialla and other noxious weeds.

New volunteers are always welcome. Those interested in joining the Working Bee group are encouraged to contact Frank Webb or John Austin.

We also extend thanks to Robin Spry and Bill McKellar for their ongoing contributions to the Club newsletter through the “Bird of the Month” and "Feature Flora" articles. Appreciation is likewise extended to Andy Beauchamp (LMAG member) and the Club’s main Committee for their continued support.

ROD ASHBY CHAIR OF LAND MANAGEMENT ADVISORY GROUP

BILLIARDS, SNOOKER & PIN POOL

During the year billiards was played at the Uniting Church Hall in Barwon Heads until mid-February, after which play moved to the Geelong Club in Brougham Street.

While at the Hall, a number of one-off competitions were introduced to celebrate 100 years of billiards at the Club. The Centenary Mixed Pin Pool Doubles was won by Andy Wall and Susie Austin, who defeated Simon McNair and Barbara Inglis. The Centenary Family Pin Pool event was won by Fred and Patrick van Wegen over James and Noah Troedel, providing members the chance to partner with a relative who is not a Club member.

The Geelong Club, established in 1859, is home to a magnificent billiards room. We are most grateful to the current President, Mr Glenn King, and his Committee for welcoming our members so warmly. Interclub matches were a regular feature between our two clubs in the 1970s, and it is our hope to revive this tradition in 2026.

In March the annual John Marcard Memorial Trophy was contested at the Australian Club, where the hosts recorded a convincing 16–8 win. Our team is selected from winners of board events at the Club, with preference given to the prior year. We look forward to hosting this event in 2026 in our newly refurbished billiard room.

The reopening of the Clubhouse is eagerly anticipated and promises to be outstanding. Both tables have been fully refurbished with new cushions and cloth, while the lighting, seating and décor will ensure that playing billiards at the Club is a wonderful experience for members and guests alike.

I would like to thank the members of the Sub-Committee—Lyndy Stagg, Julie Richardson, James Troedel and Fred van Wegen—for their commitment and contribution to billiards at the Club. We also acknowledge with appreciation the many members who assist with refereeing matches and supporting the long and proud history of billiards at BHGC.

GARY CARPENTER

CHAIR OF BILLIARDS SUB-COMMITTEE

At the Australian Club in March 2025.

L-R: Andy Wall & Susie Austin with Barbara Inglis & Simon McNair

L-R: Lyndy Stagg, Tinks Urquhart, Susie Austin, Chris Swinton and Marg Austin at the Geelong Club.

Lyn Fraser Trophy 2024

Pin Pool Singles

Zara Brookes

Lyn Fraser Trophy 2024

Pin Pool Doubles

Melissa Dallinger & Andrea Orchard

J.D.D. Fisher Trophy 2024

Pin Pool Handicap

Bill McKewan & Hugh McKewan

R.V. Moon Trophy 2024

Singles Snooker Singles Handicap

Gary Carpenter

I.D.W. Macdonald Trophy 2024

Billiards Singles Handicap

David Proctor

Men's Singles Pin Pool Trophy 2024

Bill McKewan

Club Snooker Championship 2024

Fred van Wegen

Club Billiards Championship 2024

Fred van Wegen

Above: Fred van Wegen (L) and Lloyd Smith (R) representing Barwon Heads at the Australian Club.

TENNIS

Our excellent tennis facility continues to be well utilised by members and the local community, particularly accommodating overflow from junior competitions at the town courts.

The year began in ideal fashion with fine weather for the FRH MacDonald Round Robin Mixed Doubles, where 20 players enjoyed a friendly and competitive morning. This was followed by the Men’s Doubles Round Robin, played in breezy but dry conditions. Junior tennis once again attracted strong participation across the U12, U14, U16 and U19 age groups, with three excellent days of weather allowing for well-contested matches. As always, grandparents, parents and friends formed a supportive gallery, adding to the community atmosphere. Senior competitions were competitive and well attended, with formats adjusted to accommodate player availability.

The Incidental Cup match against Sorrento was also contested as part of the Rip Cup. This year’s competition went the way of Sorrento, who are currently fielding very strong men’s tennis teams.

The summer clinics also proved popular once again, playing an important role in skill development and fostering enthusiasm for the game. Thanks to Narelle Alford for her organisation of this popular week.

Overall, participation across both senior and junior competitions was strong, member and family support was outstanding, and the dedication of staff and volunteers ensured that all events ran smoothly. Special

thanks must also go to the ground staff, whose efforts in maintaining the courts in magnificent condition provided the perfect stage for all matches.

ANDREW ROGERS CHAIR OF TENNIS SUB-COMMITTEE

SENIOR

FRH MacDonald Mixed RR Doubles: Andrew de Crespigny & Fiona Smith

Men’s RR Doubles: Tim Jessen and Lawry Simpson

Women’s Women's RR Doubles: Jenny Inkster & Chris Swinton

JUNIORS

Under 19 Boys' Singles: Ben Frewin

Under 16 Boys' Singles: Paddy Moulton

Under 16 Boys Doubles: Charlie Hutchins & Paddy Moulton

Under14 Boys’ Singles: Elliot Gill

Under 14 Girls’ Singles: Lucy Salmon

Under 14 Mixed Doubles: Elliot Gill & Maddie Hutchins

Under 12 Boys' Singles: Will Stevens

Under 12 Girls' Singles: Harriet Vickery

Under 12 Doubles Boys: Georgie Pisasale & Will Stevens

Under 12 Doubles Mixed: Herbie Jones & Harriet Vickery

BRIDGE

The bridge program of Monday, Wednesday and Friday play has continued to run smoothly, with increasing numbers on Friday mornings and often full tables on other days.

The ongoing use of an external director has proved very effective, with Friday attendances now justifying expansion of the program. Accordingly, Denny Newland, another local expert player, has joined Stephen Lester. When they are unavailable, members Gary Lee, Sherryl Nelson and Don Blackmore continue to step in as directors.

The annual Seaside Bridge Challenge, a teams’ event between Peninsula Kingswood, The National, Sorrento and Barwon Heads golf clubs, was hosted at The National during the year. Although Barwon Heads was competitive, Sorrento secured the win.

Another successful visit to the Alexandra Club in Melbourne was held in June, with 24 players participating.

With the temporary closure of the Clubhouse, bridge play was initially relocated to the Barwon Heads Uniting Church Hall. During the year, however, the Hall was unexpectedly declared unavailable and subsequently demolished. A new home was then found at the Barwon Heads Bowls Club. These transfers were managed smoothly by Club staff led by Damian Richards. Throughout, members continued to enjoy their customary coffee—ably sustained by deliveries from local cafés.

Special thanks go to Gary Lee and Sherryl Nelson. Thanks are also extended to Graeme Mathers for dealing the cards, and to the Club’s Roseanne Conheady for her assistance.

DON BLACKMORE CHAIR OF BRIDGE SUB-COMMITTEE

Remnants of a 1923 newspaper found during the Clubhouse restoration.

MUSEUM

The 2024/2025 year has been another exceptionally busy and rewarding one for the Museum Sub-Committee, marked by significant progress, important historical discoveries and detailed preparations for the transition back into our restored Clubhouse.

Special thanks are due to Robin Spry for her outstanding work in continuing to catalogue the Club’s historical collection on eHive. This monumental task has now surpassed 1,500 individual records, including photographs, documents, trophies and memorabilia. Robin’s dedication, supported by Noula Davis in the office, has created the foundation of a digital archive that will serve members and researchers for years to come. Procedures have also been developed to ensure future scanning and uploading can be managed consistently, and once the current program is complete, member access will be enabled.

Planning for displays within the new Clubhouse museum space has been a major focus. The sub-committee has worked closely with the design team on the layout of display cabinets, lighting and humidity control to ensure the collection is presented safely and attractively. A mix of permanent, rotating and mobile displays will allow different aspects of the Club’s history to be highlighted throughout the year. Work has also begun on updating and standardising trophy display cards, with prototypes to be finalised before reopening.

Research into the Club’s rich history has continued to yield valuable results. Using sources such as Trove and the Geelong Heritage Centre, the sub-committee has uncovered important historical photographs, including images relating to the Marrum Cup and the Club’s early years. We are especially grateful to members and families who have provided photographs and memorabilia, helping to build a more complete record. We continue to encourage members to share items or stories that might enhance the Club’s archives.

been another major focus. In collaboration with the Women’s Golf SubCommittee, plans are underway for a special exhibition to honour the 100-year history of this iconic event. The display will feature historic photographs, team records and significant artefacts, making it a centrepiece of the Clubhouse celebrations.

Finally, we extend our sincere thanks to Damian Richards and the Club staff for their invaluable assistance during this transition period, particularly in the careful packing, cataloguing and storage of the collection throughout the Clubhouse restoration. Their efforts have ensured the preservation of the Club’s history during an exceptionally busy and significant year.

The year ahead promises to be one of the most exciting in the Museum Sub-Committee’s history. With the reopening of the Clubhouse, new museum displays and the Marrum Cup Centenary, we look forward to sharing the Club’s remarkable heritage with members, guests and future generations.

VAL LAWRENCE CHAIR OF MUSEUM SUB-COMMITTEE

The Marrum Cup Centenary, to be celebrated in September 2025, has

RESULTS OF MAJOR WOMEN’S EVENTS

Results for events finalised between 1 July 2024 and 30 June 2025

RESULTS OF MAJOR MEN’S EVENTS

Results for events finalised between 1 July 2024 and 30 June 2025

Top Left: 2025 Men’s Club Champion, David Clark.

Top Right: 2025 Men’s A Grade Champion, Andrew Kibbis, with runner-up Jake Ward.

Middle Left: 2025 Men’s B Grade Champion, Steve Lilley (right), and runnerup, Rod Watkins (left).

Middle Right: 2025 Men’s C Grade Champion, Tim Kay.

Below Right: 2025 Richard Hallowes Cup and Alex Russell Trophy winner, Calem Hoffmann.

Top Left: 2025 Women’s Club Champion, Heather Brodie.

Top Right: 2025 Women’s B-Grade Champion, Sarah Hay with runner-up Micky Knevitt.

Middle Left: 2025 Women’s C-Grade Champion, Xenia Williamson with runner-up Lesya Abraham.

Middle Right: Anna Jamieson, winner of the 2025 Joan Young Salver, with Alison Watkins, winner of the 2025 Betty Kernot Trophy.

Below Right: 2025 Super Veterans Champion, Cynthia Thomas with runner-up Susie Austin.

Left to Right: 2025 Women’s and Men’s Veterans Champions (scratch matchplay), Carol Reid and Graeme Mathers.

Left to Right: 2025 Diana Learmonth Memorial Trophy Veterans Champion (Nett), Janette McCabe and J H Scudamore Memorial Trophy Veterans Champion (Nett) winner David Plueckhahn.

financial statements

For the Year Ended 30 June 2025

THE BARWON HEADS GOLF CLUB INC.

Statement of comprehensive income for the year ended 30 June 2025

Statement of financial position as at 30 June 2025

Statement of Changes in Members’ Equity as at 30 June 2025

THE BARWON HEADS GOLF CLUB INC.

Statement of cash flows for the year ended 30 June 2025

THE BARWON HEADS GOLF CLUB INC.

NOTE 1. MATERIAL ACCOUNTING POLICY (continued)

NOTE 1. MATERIAL ACCOUNTING POLICY (continued)

THE BARWON HEADS GOLF CLUB INC.

NOTE 1. MATERIAL ACCOUNTING POLICY (continued)

NOTE 2. MEMBERS

NOTE 3. ACCOMMODATION

NOTE 4. FOOD & BEVERAGE

NOTE 5. GOLF

NOTE 6. ADMINISTRATION EXPENSES

NOTE 7. COURSE AND GROUNDS EXPENSES

NOTE 8. SALE OF PLANT, EQUIPMENT & LAND

NOTE 9 FUTURE FUND

NOTE 10. CASH AND CASH EQUIVALENTS

NOTE 11. TRADE AND OTHER RECEIVABLES

NOTE 12. INVENTORIES

NOTE 13. FINANCIAL ASSETS

NOTE 14. PROPERTY, PLANT AND EQUIPMENT

NOTE 15. TRADE AND OTHER PAYABLES

NOTE 16. DEFERRED INCOME

NOTE 17. PROVISIONS

NOTE 18. CREDIT ARRANGEMENTS

The Club's debt facility is provided by Westpac Banking Corporation Ltd (Westpac). This is secured by a mortgages over the Club's properties and a specific security agreement over all existing and future assets and undertakings. The debit facility consists of: an overdraft of $1,040,000 none of which was utilised at balance date; a credit card facility of $60,000; a bank guarantee of $706,800Requirement from Heritage Council of Victoria as part of the clubhouse redevelopment;a bank bill business loan of $7,000,000$2,871,108 of the loan was utilised at balance date. The bank bill business loan of $7,000,000 will reduce to $5,000,000 upon the finalisation of the sale of a block of land on Stephens Parade Barwon Heads.

NOTE 19. AUDITOR’S REMUNERATION

NOTE 20. COMMITMENTS FOR EXPENDITURE

NOTE 21. CONTINGENT LIABILITIES

At balance date the Club did not have any known contingent liabilities (2024 - nil)

NOTE 22. POST BALANCE DATE EVENTS

The Club commenced operations in its new clubhouse in early September 2025, following the receipt of its certificate of occupancy in August 2025. No other matters or circumstance has arisen since 30 June 2025 that has significantly affected, or may significantly affect the Club's operations, the results of those operations, or the Club's state of affairs in future financial years.

NOTE 23. INCORPORATION STATUS

The Barwon Heads Golf Club Inc. is incorporated in the State of Victoria under the Associations Incorporation Reform Act 2012. Its primary objective and principal activity is to provide, for its members, a golf course and Clubhouse and other services incidental to the playing of golf.

The registered office and principal place of operation is located at:

Golf Links Rd

Barwon Heads Victoria 3227

THE BARWON HEADS GOLF CLUB INC.

Statement by Members of the Committee

The Committee has determined that The Barwon Heads Golf Club Inc is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.

In the opinion of the Committee the financial report comprising the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Members’ Equity, Statement of Cash Flows and Notes to the financial statements of The Barwon Heads Golf Club Inc (“Club”) for the year ended 30 June 2025

1. Represents a true and fair view of the financial position of the Club as at 30 June 2025 and its performance for the year ended on that date.

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

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

Barbara Inglis President Anthony Masters General Manager

Barwon Heads, 25 September 2025

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF BARWON HEADS GOLF CLUB INC

Report on the Audit of the Financial Report

Opinion

We have audited the financial report of Barwon Heads Golf Club Inc (the association), which comprises the statement of financial position as at 30 June 2025, the statement of profit or loss and other comprehensive income, the statement of cash flows for the year then ended, notes comprising a summary of significant accounting policies and other explanatory information, and the statement by members of the Committee

In our opinion, the accompanying financial report of Barwon Heads Golf Club Inc is in accordance with the requirements of the Associations Incorporation Reform Act 2012 (Vic), including:

(i) giving a true and fair view of the association’s financial position as at 30 June 2025 and of its performance for the year then ended; and

(ii) that the financial records kept by the association are such as to enable financial statements to be prepared in accordance with Australian Accounting Standards

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

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

Emphasis of Matter – Basis of Accounting

We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has been prepared to assist the association to meet the requirements of Associations Incorporation Reform Act 2012 (Vic). As a result, the financial report may not be suitable for another purpose. Our opinion is not modified in respect of this matter.

Responsibilities of the Committee for the Financial Report

The Committee is responsible for the preparation and fair presentation of the financial report in accordance with the financial reporting requirements of the Associations Incorporation Reform Act 2012 (Vic) and for such internal control as the Committee determines is necessary to enable the preparation and fair presentation of a financial report that is free from material misstatement, whether due to fraud or error.

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

The Committee is responsible for overseeing the association’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Financial Report

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

As part of an audit in accordance with the Australian Auditing Standards, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

– Identify and assess the risks of material misstatement of the financial report, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

– Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the association’s internal control.

– Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Committee

Conclude on the appropriateness of the Committee’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the association’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial report or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the association to cease to continue as a going concern.

– Evaluate the overall presentation, structure and content of the financial report, including the disclosures, and whether the financial report represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with the Committee regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

SRIPATHY SARMA

Principal

Dated this day the 25th of September 2025

LBW Business & Wealth Advisors

“ITS TIMELESSNESS AS A GOLF COURSE AND AS A VENUE IS PERHAPS THE CLUB’S GREATEST ASSET.”

Ian Baker-Finch

President: B L S Inglis

Vice-President: P D Guy Captain: J R Carden

Treasurer: B M Constance

COMMITTEE

H L Brodie, P Klein, A M Hedley, J H Poole, R J Slattery, A L Taylor Golf Links Road, Barwon Heads Ph. 03 5255 6255 Email. info@barwonheads.golf www.barwonheads.golf