2023 Annual Report

2022-23

65 ANNUAL

TH

REPORT South Sydney Junior Rugby League Club Limited ABN 58 000 213 374

Contents 04 05 06 11 19

President’s Report CEO’s Report Directors’ Report Financial Reports Club Grants Recipients

President’s Report Dear Members, As I reflect on another year for the Juniors Group of Clubs, I can report to our members that the future is looking very positive as we had a full year of trading without restrictions, which affected all of us for so long. The three Juniors clubs are an important social hub for our community, and we have finally been able to get back to doing what we do best in that respect by providing a place to dine, drink, watch live entertainment and sport, and meet up with family and friends. This is very pleasing from my perspective and why we all invest so much time and energy into the club. This then also allows us to perform our primary charter of fostering the great game of rugby league in the South Sydney area through financing our Junior League competitions and development squads each year.

As our CEO Geoff Knight will touch on in his report, we have refurbished the club’s fitness centre and have plans to refurbish our ground floor which is well underway and scheduled for next year.

The other project which has been undertaken in recent months is a freshen up of the Henry Morris Bar which is now known as “Henry’s”. Whilst remaining a sports bar, we are livening up the room as a multipurpose space including live music on Friday nights and Music Bingo on Sundays. We are also making great pizzas four nights a week from Thursday-Sunday. Henry’s will also be available to hire for your next party with the ability to give you a sectioned off area exclusively for your use. It is another exciting addition to the club and coupled with the fitness centre and ground floor renovations, shows that we are progressing with providing our members with first class facilities.

Another key offering that we provide are our function spaces.

Between our three venues we have a space to suit any occasion. We now have the addition of Henry’s Bar to add to our venue list which will be suitable for birthday and Christmas parties. We are also offering a unique funeral package for large gatherings of up to 400, where we can offer an all-in-one funeral service and wake in the Wintle Theatre. We believe it offers a solution to people looking for a non-religious service and wake in the one place in comfort for all involved. Our functions department can answer any questions you may have relating to either of these function spaces. It’s not too late for any of our members to plan your Christmas work or social event with us.

4 | ANNUAL REPORT 2023

On the community front we continue to provide financial support through the Club Grants system and support many community events. These include the Malabar family day in October that celebrates the lives of the Malabar locals lost in the 2002 Bali bombings. The Juniors are also the major sponsor for the Maroubra Fun Run which has returned for the first time since 2019 and is a great day celebrating health, fitness, and community. Each year we also sponsor Randwick Council’s Step Out Speak Out Walk which raises awareness about domestic violence and asks everyone to stand up and say no to domestic violence. We are proud to be associated with these community events.

We continue this year to revise and re-invent our weekly promotions and major draws and look forward to another bumper Christmas period with our mega raffles for both toys and hams plus a Volkswagen T-Roc to be given away to one lucky winner for Christmas. We can’t wait to have our member’s children attend the annual kids Christmas concerts in December as well. It really is a great time of the year as we all look forward to the Christmas and holiday period.

The Rabbitohs had a mixed year as they looked like genuine premiership favourites in the first half of the NRL season, but then fell away and failed to make the semi-final series in the end which was a disappointing finish to a very promising year. We all know that this team can do better and with the addition of Jack Wighton next year, and a full pre-season at the new Centre of Excellence at Heffron park, I have no doubt that they will bounce back in 2024.

I would like to acknowledge the efforts of our management team and hard-working staff led as always by our CEO Geoff Knight, plus the unwavering support and diligence of our board of directors.

I would like to acknowledge the sad passing of our long-standing director Peter Ramsay, who truly loved the club and devoted a large part of his life to the junior league and licensed club operations.

I also welcome Cliff Pearce, who has filled the vacant position on the board as a result of Peter’s passing.

In closing I would like to personally wish all our wonderful members a merry Christmas and a prosperous and healthy new year.

Keith McCraw | President

CEO’s Report Dear members, I am pleased to present to you the Chief Executive Officer’s report for the financial year ended 30th June 2023.

Financially speaking 2023 was somewhat of a trading recovery year as our club like the industry as a whole looked to regain the support of their communities and steady the ship after being forced to shut down for 3.5 months in a COVID-19 affected 2022. This of course needs to be considered when comparatively reviewing our financial performance for the year which recorded a net loss after tax of ($35,000) after posting a loss of ($2,466,000) in the prior year.

While it has been pleasing to see a somewhat “return to normal” there are always challenges imminent, in particular the rising cost of living which is affecting many of our members and their families.

The rising cost of goods, services and wages is also making it very challenging for us to maintain acceptable service levels while ensuring we continue to offer members value for money. Rest assured your current board of directors and management team are working tirelessly in our roles as custodians to maintain the Juniors Group of Clubs as vibrant affordable entertainment venues.

The following table encapsulates our financial performance since 1 July 2021: FINANCIAL YEAR

2023

2022

REVENUE

53,029,000

36,007,000

EXPENSES

47,257,000

32,940,000

EBITDARD

5,772,000

3,067,000

Depreciation

4,869,000

4,984,000

Donations

787,000

566,000

Finance Costs

194,000

189,000

Income Tax (benefit)

(43,000)

(206,000)

$ NET (LOSS)/PROFIT AFTER TAX

($35,000)

($2,466,000)

Notwithstanding the difficulties faced during these times, our club was able to fulfill its obligations to continue to make general donations and provide much needed community support with this year’s donations totaling $787,000.

The consolidated group balance sheet continues to be strong with member’s funds totaling $48,174,000 as at 30 June 2023.

FINANCIAL YEAR

2023

2022

CURRENT ASSETS

15,617,000

13,280,000

NON CURRENT ASSETS

51,882,000

52,070,000

TOTAL ASSETS

67,499,000

65,350,000

9,031,000

6,753,000

NON CURRENT LIABILITIES

10,294,000

10,388,000

TOTAL LIABILITIES

19,325,000

17,141,000

$ NET ASSETS

$48,174,000

$48,209,000

$ TOTAL MEMBERS FUNDS

$48,174,000

$48,209,000

TOTAL NUMBER OF MEMBERS

39,770

39,902

$ MEMBERS EQUITY PER MEMBER

$1,211.32

$1,208.19

CURRENT LIABILITIES

Members are reminded that the financial information contained in this report is presented in a summary format and that if you would like to review the detailed version containing all disclosures it can be downloaded from the club’s website or posted out to you on request.

The freshly modernised gym is proving very popular with members both young and old and continues to be very busy.

Plans are well advanced for an internal refurbishment of our ground floor area. The work is scheduled to start early in the new year. The plans and décor look very exciting, and we are confident members will be pleased with the new look.

On a personal note, I would like to thank our chairman Keith McCraw and the Board of Directors, management, and staff of the club for their truly outstanding efforts over the past twelve months.

Sadly, our long-standing Director Peter Ramsay had to endure the death of his only son and then 7 weeks later, he passed away of a broken heart. He was a member on our Board for over 20 years, served as a Junior League volunteer for over 40 years and was a much respected and loved member of our community. Pete will be missed by all who knew him.

Finally, to you the member’s, thank you again for your ongoing support and patronage which is integral to the future success of the club.

Geoffrey Knight | Chief Executive Officer ANNUAL REPORT 2023

|

5

South Sydney Junior Rugby League Club Limited | ABN 58 000 213 374

Summary Financial Statements 30 June 2023

Directors’ Report

The financial statements and other specific disclosures have been derived from South Sydney Junior Rugby League Club Limited (the Group’s) full financial report for the financial year. Other information included in the summary financial statement is consistent with the Group’s full financial report.

The summary financial statements do not, and cannot be expected to, provide as full an understanding of the financial performance, financial position and operating, financing and investing activities of the Consolidated entity as the full financial report.

A copy of the Group’s 2023 full Financial Report, including the independent audit report, is available to all members and will be sent to members without charge upon request.

The directors present their report together with the financial statements of South Sydney Junior Rugby League Club Limited (the Company) and its controlled entities (the Group) for the year ended 30 June 2023.

DIRECTORS - The directors of the company in office at any time during or since the end of the financial year are:

Keith McCraw AGE 67 Director for 17 years, 7 months Chairman of Board of Directors President of South Sydney Junior Rugby League Club Limited President of South Sydney District Junior Rugby Football League Limited President of South Sydney Junior League Bowling Club Limited Director of South Juniors Sporting Association Limited Director of SSJ Developments Pty Limited Vice President - Eastern Suburbs Metropolitan Zone - Clubs NSW Vice President – Eastern Beaches Liquor Accord Chairman – Randwick LGA Club Grants Committee Patron of three Intra Clubs

Stephen Fisher AGE 73 Director for 26 years, 2 months Deputy Chairman of Board of Directors Director of South Sydney District Junior Rugby Football League Limited Director of South Juniors Sporting Association Limited Director of South Sydney Junior League Bowling Club Limited Director of SSJ Developments Pty Ltd Patron of four Intra Clubs

6 | ANNUAL REPORT 2023

Peter Ramsay AGE 79 Director for 20 years, 7 months (Deceased 29 July 2023) Director of South Juniors Sporting Association Limited Director of South Sydney Junior League Bowling Club Limited Director of SSJ Developments Pty Ltd Patron of three Intra Clubs

Garry Clark AGE 63 Director for 16 years, 7 months Director of South Sydney Junior League Bowling Club Limited Director of South Sydney District Junior Rugby Football League Limited Director of South Juniors Sporting Association Limited Director of SSJ Developments Pty Ltd Patron of three Intra Clubs

Spyro Spyrou AGE 78 Director for 12 years, 7 months Director of South Sydney Junior League Bowling Club Limited Director of South Sydney District Junior Rugby Football League Limited Director of South Juniors Sporting Association Limited Director of SSJ Developments Pty Ltd Patron of three Intra Clubs

The Hon. Lea Drake AGE 69 Director for 3 years Director of South Sydney Junior League Bowling Club Limited Director of South Juniors Sporting Association Limited Director of SSJ Developments Pty Ltd Chairperson of Sydney Junior Competition, Conduct Panel Member and Chairperson of South Sydney Junior Rugby League Judiciary Commissioner for Integrity – Law Enforcement Conduct Commission Patron of two Intra Clubs

Kieren Hickey AGE 53 Director for 2 year 8 months Director of South Sydney Junior League Bowling Club Limited Director of South Juniors Sporting Association Limited Director of SSJ Developments Pty Ltd Secretary, South Eastern Seagulls Rugby League Club Patron of three Intra Clubs

Cliff Pearce AGE 58 Director appointed 29 August 2023 Director of South Sydney Junior League Bowling Club Limited Director of South Sydney Junior Rugby League Club Limited Director of South Juniors Sporting Association Limited Director of SSJ Developments Pty Ltd Patron of three Intra Clubs

ANNUAL REPORT 2023

|

7

Directors’ Report Director’s Meetings The number of meetings of the company’s Board of Directors and the number of meetings attended by each director were: Number of

Number of

Meetings Attended

Meetings Held *

Keith McCraw

11

11

Stephen Fisher

9

11

Garry Clark

9

11

Peter Ramsay

10

11

Spyro Spyrou

11

11

Lea Drake

8

11

Kieran Hickey

9

11

* Number of meetings held during the time the director held office during the year.

Company secretary Geoffrey Knight, Chief Executive Officer of the company, has held the role of Company Secretary since 24 February 1994.

Membership The company is a company limited by guarantee and is without share capital. The number of members as at 30 June 2023 and the comparison with last year is as follows:

8

2023

2022

Ordinary

30,446

30,205

Associate

214

394

Anniversary

1,589

1,589

Life

7,110

7,159

Foundation

6

6

Honorary (35 years or more)

15

15

Half year membership

390

534

39,770

39,902

| ANNUAL REPORT 2023

Directors’ Report Members’ limited liability In accordance with the Constitution of the company, every member of the company undertakes to contribute an amount limited to $20 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. The total liability in the event of winding up is $795,400 (2022: $798,040).

Operating result The consolidated net loss from ordinary activities after tax for the year amounted to $35,000 compared with a net loss of $2,466,000 for the prior year. This resulted after receiving a $589,000 gain from the sale of property, plant and equipment (2022: $135,000), $nil from the Jobsaver Subsidy (2022: $1,062,000), and after charging $4,869,000 for depreciation (2022: $4,984,000), $787,000 for grants paid (2022: $566,000), $194,000 for finance costs (2022: $189,000), and income tax benefit of $43,000 (2022 income tax expense: $206,000).

Objectives Short term Providing for members and guests a social sporting club with all the usual facilities of a club and to assist generally in the promotion and propagation of junior sports.

Long term To sustain our position as the leading provider of social entertainment in Eastern Sydney to ensure our long term support of junior sports and the wider community in that region and beyond.

Strategy for achieving the objectives Principal strategies include: 1.

Maximising advantage from our property holdings;

2.

Maximising advantage from marketing opportunities;

3.

Offering a broad range of entertainment offerings; and

4.

Maintaining high customer service standards.

Principal activities The principal activities of the Group during the year have continued to be the operator of licensed social clubs and the propagation and promotion of sporting activities.

How these activities assist in achieving the objectives The activities assist in generating revenue to fund sporting activities and the promotion and propagation of junior sports.

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.

ANNUAL REPORT 2023

|

9

Directors’ Report Performance measurement and key performance indicators Performance is assessed regularly against relevant internal and industry benchmarks enabling assessment as to whether strategic initiatives have been effective in achieving company short and long term objectives. These relevant benchmarks are detailed below and are monitored by senior management and the Board on a regular basis.

Key Performance Indicators 2023

2022

%

%

Gross profit percentage

58.54

57.67

Wages to sales percentage

32.18

38.33

Gross profit percentage

57.49

55.43

Wages to sales percentage

46.17

52.21

Wages and salaries – percentage of total revenue

30.51

44.14

EBITDAG percentage*

13.54

12.36

Bar

Catering

*Receipt of Government subsidies, and profit on sale of non-current assets have been removed from EBITDAG for the current and prior year.

Signed in accordance with a resolution of the directors.

Stephen Fisher Director Dated at Kingsford this 27th day of September 2023

10

| ANNUAL REPORT 2023

Summary Consolidated Statement of Profit or Loss and Other Comprehensive Income FOR THE YEAR ENDED 30 JUNE 2023

2023

2022

$,000

$,000

Sale of goods

10,822

6,047

Rendering of services

39,525

27,549

Other revenue

2,093

1,214

Total revenue

52,440

34,810

Other Income

589

1,197

Raw materials and consumables used

(4,563)

(2,667)

Revenue

Expenses Employee benefits expense

(15,998)

(12,299)

Entertainment, marketing and promotional costs

(6,138)

(3,466)

Poker machine duties

(9,552)

(6,356)

Occupancy and property expenses

(8,053)

(6,175)

Sponsorship expenses Football department expenses Other expenses

(118)

(67)

(1,219)

(819)

(1,616)

(1,091)

(47,257)

(32,940)

Earnings before depreciation expenses, finance costs and grants paid

5,772

3,067

Depreciation expense

(4,869)

(4,984)

Finance costs

(194)

(189)

Grants paid

(787)

(566)

(Loss) before income tax

(78)

(2,672)

43

206

Net (loss) after income tax expense attributable to members

(35)

(2,466)

-

-

(35)

(2,466)

Income tax benefit/ (expense)

Other comprehensive income Other comprehensive income for the year, net of tax Total comprehensive (loss) for the year attributable to members

The Summary Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the discussion and analysis on page 15 and the notes to the summary financial statements on page 16.

ANNUAL REPORT 2023

|

11

Summary Consolidated Statement of Financial Position AS AT 30 JUNE 2023

2023 $,000

2022 $,000

Cash and cash equivalents

12,644

11,448

Other financial assets – term deposits

1,647

1,146

Trade and other receivables

659

117

Inventories

411

378

Prepayments

256

191

15,617

13,280

ASSETS Current Assets

Total Current Assets Non-Current Assets Right of Use Asset Property, plant and equipment Investment property Intangibles Deferred tax assets

-

63

48,782

49,017

990

923

1,752

1,752

358

315

Total Non-Current Assets

51,882

52,070

Total Assets

67,499

65,350

Trade and other payables

5,389

2,986

Employee benefits

3,430

3,188

Revenue in advance

212

423

LIABILITIES Current Liabilities

Lease liabilities

-

156

9,031

6,753

Financial liabilities

9,800

9,798

Employee benefits

134

172

Revenue in advance

360

418

Total Non-Current Liabilities

10,294

10,388

Total Liabilities

19,325

17,141

Net Assets

48,174

48,209

44,162

44,197

Total Current Liabilities Non-Current Liabilities

Members’ Funds Retained profits Amalgamation reserve

4,012

4,012

Total Members’ Funds

48,174

48,209

The Summary Consolidated Statement of Financial Position should be read in conjunction with the discussion and analysis on page 15 and the notes to the summary financial statements on page 16.

12

| ANNUAL REPORT 2023

Summary Consolidated Statement of Changes in Members’ Funds FOR THE YEAR ENDED 30 JUNE 2023

Retained Profits $,000

Amalgamation Reserve $,000

Balance at 1 July 2021

46,663

4,012

50,675

Net profit for the year after income tax expense

(2,466)

-

(2,466)

Other comprehensive income for the year, net of tax

Total Members’ Funds $,000

-

-

-

Total comprehensive income for the year

(2,466)

-

(2,466)

Balance as at 30 June 2022

44,197

4,012

48,209

(35)

-

(35)

-

-

-

(35)

-

(35)

44,162

4,012

48,174

Net loss for the year after income tax expense Other comprehensive income for the year, net of tax Total comprehensive loss for the year Balance at 30 June 2023

The Summary Consolidated Statement of Changes in Members’ Funds should be read in conjunction with the discussion and analysis on page 15 and the notes to the summary financial statements on page 16.

ANNUAL REPORT 2023

|

13

Summary Consolidated Statement of Cash Flows AS AT 30 JUNE 2023

2023 $,000

2022 $,000

Receipts from customers (inclusive of GST)

55,625

37,011

Payments to suppliers and employees (inclusive of GST)

(50,115)

(49,070)

-

1,062

Cash Flows From Operating Activities

Grants and other income received Interest received

24

26

Finance costs

(194)

(189)

Rent received (inclusive of GST)

1,351

1,127

Grants paid

(787)

(566)

Net cash from/(used in) operating activities

5,904

(10,599)

665

291

(4,719)

(2,334)

(501)

8,870

(4,555)

6,827

Cash Flows From Investing Activities Proceeds from sale of property, plant and equipment Payment for property, plant and equipment Transfer from/(to) other financial assets - term deposits Net cash (used in)/from investing activities Cash Flows From Financing Activities Repayment of financial liabilities

-

(6,490)

Repayment of lease liabilities

(154)

(67)

Net cash (used in) financing activities

(154)

(6,557)

Net increase/(decrease) in cash and cash equivalents

1,195

(10,329)

Cash and cash equivalents at the beginning of the financial year

11,448

21,777

Cash and cash equivalents at the end of the financial year

12,643

11,448

The Summary Consolidated Statement of Cash Flows should be read in conjunction with the discussion and analysis on page 15 and the notes to the summary financial statements on Page 16.

14

| ANNUAL REPORT 2023

Discussion & Analysis Statement of Profit or Loss and Other Comprehensive Income The Group’s total revenue and other income has increased by $17,022,000 (47%) since the prior year whilst expenses also increased by $14,428,000 (37%) resulting in a net loss before tax of $78,000 (income tax benefit $43,000) compared to a net loss before tax of $2,672,000 (income tax benefit $206,0000) for the previous year. The movements were largely impacted by the forced Club closures during 2022 and a return to normalised trading conditions in 2023.

Individual items that have impacted the result include: • •

• • • • • • • • •

Sales of goods increased by $4,775,000 (79%) Other income, consisting of net gain on sale of property, compensation and grants received, has decreased by $608,000 (51%). This is primarily due to Job Saver subsidy of $1,062,000 received in the prior year, offset by sales of property, plant and equipment Other revenue increased by $879,000 (72%) mainly as a result of insurance settlements received during the year Poker machine revenue increased by $11,026,000 (43%) Poker machine taxes increased by $3,196,000 (50%) Raw materials and consumables used increased by $1,896,000 (71%) Employee benefits expenses increased by $3,699,000 (30%) Occupancy and property expenses increased by $1,878,000 (30%) Entertainment, marketing and promotional costs increased by $2,672,000 (77%) Football department expenses increased $400,000 (49%) Other expenses increased by $525,000 (48%)

Statement of Financial Position The Group’s net assets have decreased by $35,000 or 0.1% since the previous year consisting of an increase in total assets of $2,149,000 and an increase in total liabilities of $2,184,000.

The movement in net assets for the year is mainly attributed to: • Increase in cash and cash equivalents and other financial assets of $1,697,000.

• Increase in trade and other receivables of $542,000.

• Increase in trade and other payables of $2,403,000.

Cash Flow Statement Operating activities provided net cash of $5,904,000, an improvement of $16,503,000 compared to the previous year.

Net cash used in investing activities of $4,555,000 related to proceeds from sale of property, plant and equipment of $665,000 offset by payments for property, plant and equipment of $4,719,000 and payments to term deposits for $501,000 compared to net cash from investing activities of $6,827,000 in the prior year.

Net cash from financing activities of $154,000 related to lease payments compared to net cash relating to the repayment of borrowings and lease payments of $6,557,000 in the prior year.

As a result of these cash flows, the net cash held during the year increased by $1,195,000 compared to the previous year’s decrease of $10,329,000.

ANNUAL REPORT 2023

|

15

Notes to the Financial Statements FOR THE YEAR ENDED 30 JUNE 2023 1 Summary of Significant Accounting Policies The Summary Financial Statements have been prepared from the audited financial report of South Sydney Junior Rugby League Club Limited for the year ended 30 June 2023. The audited report for the year ended 30 June 2023 is available at request from South Sydney Junior Rugby League Club Limited.

The financial statements are presented in Australian dollars which is the entity’s functional and presentation currency.

The financial statements, specific disclosures and other information included in the summary financial statements have been derived from and are consistent with the full financial statements of South Sydney Junior Rugby League Club Limited for the financial year.

The summary financial statements do not, and cannot be expected to, provide a detailed understanding of the financial performance, financial position and operating, financing and investing activities of South Sydney Junior Rugby League Club Limited as the full financial report.

The accounting policies have been consistently applied by South Sydney Junior Rugby League Club Limited and are consistent with those of the previous financial year unless otherwise stated.

South Sydney Junior Rugby League Club Limited has adopted all new or amended Accounting Standards and Interpretations issued by the Australian Accounting Standards Board (‘AASB’) that are mandatory for the current reporting year . Any new or amended Accounting Standards or Interpretations that are not yet mandatory have not been early adopted.

16

| ANNUAL REPORT 2023

Directors’ Declaration The directors of South Sydney Junior Rugby League Club Limited declare that the summary financial statements of the consolidated entity for the financial year ended 30 June 2023, as set out on pages 11 to 14: (a)

complies with the accounting policies disclosed in Note 1; and

(b)

is an extract from the full financial report for the year ended 30 June 2023 and has been derived from and is consistent with the full financial report of the entity.

This declaration is made in accordance with a resolution of the Board of Directors.

Stephen Fisher Director Dated at Kingsford this 27th day of September 2023

ANNUAL REPORT 2023

|

17

Report of the Independent Auditor ON THE SUMMARY FINANCIAL STATEMENTS To the members of South Sydney Junior Rugby League Club Limited Opinion The accompanying summary financial statements of South Sydney Junior Rugby League Club Limited, which comprise the summary consolidated statement of financial position as at 30 June 2023, the summary consolidated statements of profit or loss and other comprehensive income, summary consolidated statements of changes in members’ funds and summary consolidated statements of cash flows for the year then ended and related notes, are derived from the audited financial report of the consolidated entity comprising the company and the entities it controlled at the year’s end or from time to time during the financial year. We expressed an unmodified audit opinion on that financial report in our report dated 27 September 2023.

In our opinion, the summary financial statements for the consolidated entity derived from the audited financial report of South Sydney Junior Rugby League Club Limited for the year ended 30 June 2023 are consistent, in all material respects, with that audited financial report, on the basis described in Note 1.

Summary Financial Statements

Directors’ Responsibility for the Financial Report The Directors’ are responsible for the preparation of the summary financial statements in accordance with the basis described in Note 1.

Auditor’s Responsibility Our responsibility is to express an opinion on whether the summary financial statements are consistent, in all material aspects, of the audited financial report based on our procedures, which were conducted in accordance with Auditing Standard ASA 810 Engagements to Report on Summary Financial Statements.

BDO Audit PTY LTD.

Clayton Eveleigh Director Sydney, 27 September 2023

The summary financial statements do not contain all the disclosures required by Australian Accounting Standards - Reduced Disclosure Requirements and Interpretations. Reading the summary financial statements and the auditor’s report thereon, therefore, is not a substitute for reading the audited financial report and the auditor’s report thereon.

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.

18

| ANNUAL REPORT 2023

Club Grants Recipients 2023 B Miles Womens Foundation

Soroptimist International Randwick/Eastern Suburbs

Bayside Womens Shelter

South East Equestrian Club Inc

Cerebral Palsy Alliance

South Maroubra SLSC

Clovelly SLSC

St Vincent De Paul Society

Coogee Probus

St Vincent De Paul Society - Malabar Conference

Coogee SLSC

Sunnyfield

Dandelion Support network Inc

Surfing Southern Beaches

DANII Foundation

Sydney Childrens Hospital Foundation

Koolora Community Centre

Ted Noffs Foundation

Learning Links

The Benevolent Society

Little Heroes Swim Academy

The Deli Women & Children Centre

Maroubra Ladies Probus Club

The Humour Foundation

Maroubra SLSC

The Salvation Army - Eastern Beaches

Miracle Babies Foundation

The Shepherd Centre - For Deaf Children

PCYC NSW

The Survivor Hub

Project Kindness Inc

Vision Australia

Rainbow Club Australia

Windgap Foundation Ltd

Randwick Meals on Wheels

Youth Off The Streets

Randwick Offshore Rescue Boat Sir Roden Cutler Charities Inc

CLUBGRANTS TOTAL AMOUNT DONATED:

OVER $280K

ANNUAL REPORT 2023

|

19

South Sydney Junior Rugby League Club Limited www.thejuniors.com.au | (02) 9349 7555 558A Anzac Parade, Kingsford 2032