PRESIDENT’S REPORT

Dear Members

On behalf of the Board of Directors, I am pleased to submit to members for approval the 65th Annual Report for the year ending 31st December 2022 of Wentworthville Leagues Club.

After a slow start to the year, 2022 saw a return to some form of normality with the club producing a solid financial result for the year, after the last two years of impacted trade that were heavily affected by COVID shutdowns. I am very pleased to announce that the club has delivered a record $18m operating profit before tax, generated over $22m in net cash from operations and reduced debt by another $16m. I am sure members would agree, this is an exceptional result in the current climate that we should all be very proud of.

Our balance sheet continues to be robust with total members funds up by another $17m to $151m, placing us in a very strong position for the future viability of our club.

Wenty Leagues remains at the forefront of innovation, passion and vision for what our members want to see from their local club. We are very proud of our long and consistent commitment to our community over many decades and the continuation of that commitment is paramount. As a not-for-profit community organisation, every dollar made is shared back in new and