WENTWORTHVILLE LEAGUES CLUB LIMITED DIRECTORS’ REPORT (CONTINUED)

FOR THE 52 WEEKS ENDED 27 DECEMBER 2022

Name Experience, qualifications, special responsibilities, and interest in contracts

J MANSON Director Director 2 years. Member of Board's Audit, Risk, and Compliance Committee, Sponsorship Committee and Disciplinary Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Member of all Sporting Associations including Life Member and President of Netball Club.

Interest in contracts - Wentworthville Leagues Netball Club.

D MUMFORD Director Director 3 years. Member of Board's Audit Risk and Compliance Committee, Sponsorship Committee and Disciplinary Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Member of all Sporting Associations.

Interest in contracts - Nil.

R WILLIS Director Director 8 years. Vice President of Cricket Club. Member of the Board's Property Corporate and Investment Committee, Sponsorship Committee and Disciplinary Committee. Member of member bodies of Leagues Club Association, ClubsNSW and Club Directors Institute. Sports Council Chairman, Life Member of the Cricket Club and Member of all Sporting Associations.

Interest in contracts - Wentworthville Leagues Cricket Club.

Short And Long Term Objectives

Generate sufficient profits from club operations to be able to promote, support and encourage sport in the Wentworthville district, with a particular emphasis on Rugby League. We strive to be the go-to destination for our community by providing a welcoming and inclusive environment for our members and guests. We prioritise the social, cultural, and recreational well-being of our community, and are dedicated to supporting local initiatives, sports and charities.

Strategy For Achieving Objectives

We aim to achieve our objectives by providing a modern and up-to-date venue that offers quality hospitality and entertainment. Our goal is to exceed expectations by providing high quality services, amenities, and entertainment options that cater to a diverse range of preferences and interests that contribute to the betterment of our community.

Principal Activities

The principal activities of the Company during the course of the financial year were that of a licensed club. The purpose of the club is to promote and encourage the sport in the Wentworthville district, with a particularly focus on Rugby League by providing a modern and up-to-date venue offering quality hospitality and entertainment to members.

Activities In Achieving The Objectives

Our primary activities are designed to generate a sufficient financial return to maintain the assets of the club while also promoting and encouraging sports in the Wentworthville district, with a strong emphasis on Rugby League. Additionally, we aim to create, promote, and develop an inclusive environment within the club that fosters good fellowship and social harmony among our members. We believe the club is a hub for our community to come together, enjoy sports and other activities, and socialise in a welcoming and friendly atmosphere and are committed to continuously improving our facilities and services to meet the evolving needs and preferences of our community.

Measurement Of Performance

The entity is measured against a financial budget, a strategic plan and a set of key performance indicators that are assigned to its senior management team. In addition, research is carried out to assess the team's performance with regard to the demographic of the area and our competition.

WENTWORTHVILLE LEAGUES CLUB LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE 52 WEEKS ENDED 27 DECEMBER 2022

Membership

The company is limited by guarantee and without share capital. If the company is wound up, Rule 23 of the Constitution states that each member at that time, or within one year afterwards is required to contribute a maximum of $1 each towards meeting any outstanding obligations of the company. As at 27 December 2022 there are 70,421 (2021: 74,169) current members across the following membership classes:

Results Of Operations

The profit after tax for the financial period is $16,861,627 (2021: $5,865,972).

“Comparative earnings position” is a non-IFRS measure. A reconciliation to the statutory profit after tax is included in the above table.

WENTWORTHVILLE LEAGUES CLUB LIMITED DIRECTORS' REPORT (CONTINUED)

For The 52 Weeks Ended 27 December 2022

DIRECTORS' MEETINGS

The following table sets out the number of Director's meetings held and attended during the year. During the financial period, 15 board meetings were held. Under the Board's Charter for its Committee the Directors along with management combine to undertake the responsibilities of the Property Corporate and Investment Committee, Audit Risk and Compliance Committee, Sponsorship Committee, Disciplinary Committee and Remuneration Committee meetings.

The directors have also attended other meetings and functions in fulfilling their duties, inclusive but not limited to industry professional bodies, sporting associations, councils and political representatives functions and sporting club committees throughout the year.

DIRECTORS’ AND EXECUTIVES' REMUNERATION

Remuneration of directors is in accordance with Rule 86 of the Constitution. Details of remuneration provided to directors is as follows:

Ernst & Young

200 George Street

Sydney NSW 2000 Australia

GPO Box 2646 Sydney NSW 2001

Ernst & Young

200 George Street

Sydney NSW 2000 Australia

GPO Box 2646 Sydney NSW 2001

Tel: +61 2 9248 5555

Fax: +61 2 9248 5959 ey.com/au

Tel: +61 2 9248 5555

Fax: +61 2 9248 5959 ey.com/au

Auditor’s Independence Declaration to the Directors of Wentworthville Leagues Club Limited

As lead auditor for the audit of the financial report of Wentworthville Leagues Club Limited for the 52 weeks ended 27 December 2022, I declare to the best of my knowledge and belief, there have been :

Auditor’s Independence Declaration to the Directors of Wentworthville Leagues Club Limited

a) no contraventions of the auditor independence requirements of the Corporations Act 200 1 in relation to the audit; and

As lead auditor for the audit of the financial report of Wentworthville Leagues Club Limited for the 52 weeks ended 27 December 2022, I declare to the best of my knowledge and belief, there have been : b) no contraventions of any applicable code of professional conduct in relation to the audit. c) No non-audit services provided that contravene any applicable code of professional conduct in relation to the audit. a) no contraventions of the auditor independence requirements of the Corporations Act 200 1 in relation to the audit; and b) no contraventions of any applicable code of professional conduct in relation to the audit c) No non-audit services provided that contravene any applicable code of professional conduct in relation to the audit.

Sydney

11 April 2023

Sydney

11 April 2023

A member firm of Ernst & Young Global Limited Liability limited by a scheme approved under Professional Standards Legislation

Wentworthville Leagues Club Limited

Statement Of Profit Or Loss And Other Comprehensive Income For The 52 Weeks Ended 27 December 2022

The above statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.