President’s Report
Dear members,
It is my pleasure to once again present a report on the year that was for The Juniors Group of Clubs. In a time when cost-of-living pressures continue to shape how people choose to spend their leisure dollar, we remain proud to be not only a football club at heart, but also a vital social and community hub for our members and the wider community who share their valuable free time with us. For the 2024–25 financial year, our revenue increased compared to the prior year; however, rising operational costs resulted in a post-tax loss. Our CEO will provide a more detailed overview of these figures in his report.
I must take this opportunity to acknowledge the passing of one of our long-serving directors, Spyro “Spros” Spyrou. Spros was a much-loved figure within the Souths Juniors community, as reflected in the hundreds who attended his memorial service to pay their respects. He served as a Director for over 14 years and, prior to that, as Catering Manager at the Kingsford Club for many years. More importantly, he was a great friend and a strong support to me, particularly in our shared passion for junior rugby league and the licensed club. He will be sorely missed by all who knew him.
In Spyro’s place, I warmly welcome Blake Solly to our Board of Directors. Blake brings a wealth of experience in both business and sports management as the current CEO of the South Sydney Rabbitohs. His knowledge and leadership will be an invaluable addition to the board, and I look forward to working with him in the years ahead.
On the community front, we remain committed to providing financial support through the ClubGRANTS system and to backing important local events. These include the Malabar Family Day in October, which honours the lives of locals lost in the 2002 Bali bombings, and the Maroubra Fun Run, which we are proud to sponsor once again. The Fun Run has firmly re-established itself as one of the area’s leading charity events, celebrating health, fitness, and community spirit. We are proud to stand alongside these initiatives.
Our entertainment and promotional calendar continues to deliver a diverse and exciting range of activities for our members. Henry’s Bar has quickly become a favourite – the go-to spot for major sporting events such as State of Origin, as well as weekly sport, racing, live music, and the hugely popular Sunday night Music Bingo. This year saw the successful launch of our first Everest Calcutta and the introduction of a new Quiz Meisters trivia night every Wednesday. Of course, a major attraction remains the 49% off drinks Happy Hour, held every Friday from 4–6pm and Saturdays from 12–2pm.
Our commitment to live entertainment remains strong, with top local and international artists performing weekly in the Wintle Theatre. We are especially looking forward to welcoming our members’ children to the annual Kids’ Christmas Concerts in December – always a highlight of the season and a reminder of the joy of community at this special time of year.
On the football front, the Rabbitohs endured a challenging season, finishing 14th on the ladder with nine wins. Injuries to key players played a significant role in shaping results, as they would for any NRL club. The positive news is that the majority of the playing group is committed to next season, with the squad set to start at near full strength. With a largely unchanged roster, there is great anticipation for a stronger campaign in 2026, and we all look forward to following their progress with renewed optimism.
As we look ahead to 2026 and beyond, The Juniors Group of Clubs is filled with confidence and purpose. Our proud foundations as a football club and community hub continue to guide us, and with each challenge comes the chance to grow stronger together. The year ahead presents opportunities to strengthen our operations, enhance our entertainment and social offerings, and continue nurturing the next generation of young players who embody both the future of our club and the proud traditions of South Sydney. With the unwavering support of our members, we are confident that the future holds progress, resilience, and shared success.
Finally, I want to acknowledge the dedication of our management team and staff, whose efforts are guided by the leadership of our CEO, Geoff Knight, along with the steadfast support of our Board of Directors. To our members, I extend my warmest wishes for a joyful Christmas and a new year filled with health, happiness, and prosperity.
Keith McCraw | President
CEO’s Report
Dear members,
It is my pleasure to present the Chief Executive Officer’s Report for the year ended 30 June 2025. The past year has been one of measured progress, ongoing transformation, and renewed focus on strengthening our foundations to support the future growth and sustainability of The Juniors Group of Clubs.
Financial Performance
For the 2025 financial year, the Group recorded a net loss after tax of $2.872 million, compared to a loss of $2.172 million in 2024. The 2025 financial year was shaped by several key factors:
- Inflationary pressures and rising wage costs continued to impact margins across our operations.
- Depreciation charges increased to $5.622 million, reflecting substantial investment in venue upgrades.
- Finance costs rose due to higher additional borrowings supporting capital development.
- Community and sporting grants of $826,000 were distributed to support junior rugby league, local schools, and community organisations.
Despite these challenges, our positive cash generation demonstrates the Club’s resilience and financial capacity to continue to invest in growth initiatives to provide much needed financial support to our community.
During the year, we completed a major renovation of the ground floor gaming room, the construction of a new café, and a full upgrade of the front reception area. These projects have significantly enhanced member experience, modernised our facilities, and positioned the Club to grow visitation and revenue in future years.
Our consolidated group balance sheet remains strong with member’s funds totaling $43,130,000 as at 30 June 2025.
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. We recently submitted an Expression of Interest to Randwick Council regarding the potential redevelopment of the Rainbow Street Market site. This would enable us to explore the possibility for us to build a new clubhouse on part of the site. We are still in the very early stages of this process and look forward to discussing this with Council.
However, should we receive agreement in principle to sell this site, it will provide the necessary foundation for us to move forward with formal negotiations and secure the best deal possible for the Club and its members. Without this preliminary approval, it remains difficult to progress the matter further, but we remain optimistic and will continue to keep members informed as the process develops. I ask that members approve this. I also request members approve the resolution to sell 9 and 11 Wallace Street. These are non-core assets, and while there are no current plans to sell, this approval provides flexibility should the sale align with the Club’s strategic or financial objectives in the future, and I think now is the right time for this approval.
In August this year, we were deeply saddened by the passing of our long-serving Director, Spyro Spyrou. Spyro’s commitment to The Juniors spanned decades, both as our former Catering Manager and as a valued Director of the Board. His contribution, guidance, and friendship enriched our Club, and he will be greatly missed by all who had the privilege of working alongside him. Beyond his service as a Director, Spyro was a proud and dedicated member of the Junior League, serving in many roles including coach, manager, Junior Reps selector, and Director. His passion for community and sport also extended to his involvement with the Maroubra Sub-Branch, where he was an Honorary Member. We extend our deepest condolences to Spyro’s family and friends. His legacy will remain an enduring part of The Juniors’ story. I am pleased to welcome Blake Solly, CEO of the Rabbitohs, as a Director on our Board and look forward to working with him.
I wish to extend my sincere thanks to our Board of Directors for their leadership and strategic oversight, to our management team and staff for their dedication and professionalism, and to you, our members, for your continued support and loyalty.
In conclusion 2025 was one of progress, prudent investment, and ongoing community support. While our bottom-line result reflects the realities of a changing operating environment and substantial reinvestment, our Club’s balance sheet remains strong, our mission remains clear, and our future remains bright.
Geoffrey Knight | Chief Executive Officer
Summary Financial Statements 30 June 2025 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 2025 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 2025.
DIRECTORS - The directors of the company in office at any time during or since the end of the financial year are:
Keith McCraw AGE 70
Director for 19 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 75
Director for 28 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
Garry Clark AGE 65
Director for 18 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 80
Director for 14 years, 7 months (deceased 8 August 2025)
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 71
Director for 5 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
Member of Personal Injury Commission
Chairperson of South Sydney Junior Rugby League Club Suspended Members Committee
Patron of two Intra Clubs
Kieran Hickey JP AGE 55
Director for 4 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
Member of Australian Institute of Company Directors
Member of South Sydney Junior Rugby League Club Suspended Members Committee
Patron of three Intra Clubs
Cliff Pearce AGE 60
Director 1 year, 8 months
Director of South Sydney Junior League Bowling Club Limited
Deputy Chairman 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
Blake Solly AGE 48
Director 1 month (appointed 26 August 2025)
CEO of South Sydney District Rugby League Football Club Limited
Director of Souths Cares PBI Limited
Patron of three Intra Clubs
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 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 2025 and the comparison with last year is as follows:
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 $791,220 (2024: $802,800).
Operating result
The consolidated net loss from ordinary activities after tax for the year amounted to $2,872,000 compared with a net loss of $2,172,000 for the prior year. This resulted after charging $5,622,000 for depreciation (2024: $5,210,000), $826,000 for grants paid (2024: $853,000), $422,000 for finance costs (2024: $238,000), and income tax benefit of $34,000 (2024 income tax benefit: $63,000).
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.
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
*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.
Garry Clark Director
Dated at Kingsford this 24th day of September 2025
Summary Consolidated Statement
and analysis on page 15 and the notes to the summary financial statements on page 16.
Summary Consolidated Statement of Financial Position
AS AT 30 JUNE 2025
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.
Summary Consolidated Statement of Changes in Members’ Funds
FOR THE YEAR ENDED 30 JUNE 2025
Summary Consolidated Statement of Cash Flows
AS AT 30 JUNE 2025
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.
Discussion & Analysis
Statement of Profit or Loss and Other Comprehensive Income
The Group’s total revenue and other income has increased by $3,243,000 (6%) since the prior year whilst expenses also increased by $3,914,000 (7%) resulting in a net loss before tax of $2,906,000 (income tax benefit $34,000) compared to a net loss before tax of $2,235,000 (income tax benefit $63,000) for the previous year.
Individual items that have impacted the result include:
• Sales of goods increased by $465,000 (4%).
• Other income has increased by $468,000 (1,170%). This is primarily due to an increase in net gains in the disposals of non-current assets of $390,000.
• Poker machine revenue increased by $1,850,000 (5%).
• Poker machine taxes increased by $596,000 (6%).
• Raw materials and consumables used increased by $208,000 (4%).
• Employee benefits expenses increased by $646,000 (4%).
• Occupancy and property expenses increased by $1,054,000 (13%).
• Entertainment, marketing and promotional costs increased by $306,000 (5%).
• Football department expenses increased $133,000 (12%).
• Other expenses increased by $337,000 (19%).
Statement of Financial Position
The Group’s net assets have decreased by $2,872,000 or 6% since the previous year consisting of an increase in total assets of $5,588,000 and an increase in total liabilities of $8,460,000.
The movement in net assets for the year is mainly attributed to:
• Increase in cash and cash equivalents and other financial assets of $362,000.
• Increase in property, plant and equipment of $2,065,000.
• Increase in investment property of $2,980,000.
• Increase in trade and other receivables of $150,000.
• Increase in trade and other payables of $1,022,000.
• Increase in financial liabilities of $7,282,000.
Cash Flow Statement
Operating activities provided net cash of $3,320,000, an increase of $1,742,000 compared to the previous year.
Net cash used in investing activities of $10,377,000 related to proceeds from sale of property, plant and equipment of $508,000 offset by payments for property, plant and equipment of $10,748,000 and payments to term deposits for $137,000 compared to net cash used in investing activities of $4,984,000 in the prior year.
Net cash from financing activities of $7,282,000 related to the net drawdown of the loan facility compared to $871,000 in the prior year.
As a result of these cash flows, the net cash held during the year increased by $225,000 compared to the previous year’s decrease of $2,535,000.
Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2025
1 Summary of Material 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 2025. The audited report for the year ended 30 June 2025 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.
The following are core properties:
1) 558A – 580 Anzac Parade Kingsford
2) 946 Anzac Parade, Maroubra
3) 28 – 30 Victoria St, Malabar
4) Car Park – Cnr. Ireton & Victoria St, Malabar
The following are non-core properties:
5) The Mariner - 11 Memorial Drive, Forster
6) Sundowner - Cnr. West & Lake St, Forster
7) 9 Wallace Street, Kingsford
8) 948 Anzac Parade, Maroubra
9) 952 Anzac Parade, Maroubra
10) 954 Anzac Parade, Maroubra
11) 950 Anzac Parade, Maroubra
12) 22 Victoria St, Malabar
13) 251-323 Greens Rd, Lower Portland
14) 11 Wallace St, Kingsford
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 2025, 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 2025 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.
Garry Clark Director
Dated at Kingsford this 24th day of September 2025
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 2025, 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 24 September 2025.
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 2025 are consistent, in all material respects, with that audited financial report, on the basis described in Note 1.
Summary Financial Statements
The summary financial statements do not contain all the disclosures required by Australian Accounting Standards – Simplified Disclosures 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.
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.
Clayton Eveleigh Director
Sydney, 24 September 2025
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.
BDO Audit PTY LTD.
Club Grants Recipients 2025
South Maroubra Surf Life Saving Club
Coogee Surf Life Saving Club Inc.
Surfing Southern Beaches
The Humour Foundation
Maroubra Surf Life Saving Club
The Deli Women and Childrens Centre
Sir Roden & Lady Cutler Foundation Inc.
Youth Off The Streets Limited
Stewart House
Surf Life Saving Sydney Incorporated
Sydney Children’s Hospitals Foundation
PCYC NSW
Miracle Babies Foundation
Kooloora Community Centre
Clovelly Surf Life Saving Club
B Miles Women’s Foundation
Cerebral Palsy Alliance
Clontarf Foundation
The Shepherd Centre - For Deaf Children
Little Heroes Swim Academy
Bayside Women’s Shelter
Mentoring Men
NSW Wheelchair Rugby League
Rainbow Club
Randwick Meals on Wheels
RizeUp
Ronald McDonald House Charities Sydney
Saint Vincent De Paul - Malabar
Soldier On Limited
Ted Noffs Foundation Ltd
The Survivor Hub Ltd.
Vision Australia
Camp Quality
Kids with Cancer Foundation (Australia) Limited
Children’s Tumour Foundation
Foster Care Angels Inc
777 MOVEMENT LTD
Epilepsy Action Australia
Kids Giving Back
Plate It Forward
The Junction Neighbourhood Centre Inc
Lifeline Direct Limited
St Francis Social Services
THE BURDEKIN ASSOCIATION INC
Little Wings Limited
Arrow Bone Marrow Transplant Foundation
Autism Spectrum Australia (Aspect)
Dandelion Support Network Inc
Dymocks Children’s Charities
Mindgardens Neuroscience Network
SHINE for Kids Co-operative Ltd
Soroptimist International RandwickEastern Suburbs
Coogee Beach Probus
St Laurence House Inc
Sunnyfield