Wenty Leagues Club Annual Report 2024

ANNUAL REPORT 2024

BOARD OF DIRECTORS

OFFICE BEARERS

HONORARY LIFE MEMBERS

L. L. Rigby 1980 Deceased

W. L. Archer 1981 Deceased

R. A. McIntosh 1982 Deceased

R. L. Collison 1982 Deceased

R. N. Downing 1984 Deceased

J. R. Scott 1986 Deceased

R. R. Howard 1987

T. P. Donoghue 1988 Deceased

W. F. Webster OAM 1991 Deceased

D. R. Cromack 1992 Deceased

K. F. Darke 1992 Deceased

B. J. Doyle 1993 Deceased

R. L. Mavin 1995

J. Felstead 1999 Deceased

L. Capovilla 1999

N. Stoddart 1999 Deceased

T. Simpson OAM 2001

B. Bowman 2002 Deceased

A. Downing 2009 Deceased

A. Branson 2011 Deceased

J. Stephenson 2013

A. Cromack 2019

I. McCann 2021

J. Isaacs 2024

MANAGEMENT

Chief Executive Officer Glenn Kovacs

Chief Operations Officer Stuart Jamieson

Chief Financial Officer Ian Dengate

Building & Facilities Manager Paul Felice

Gaming Manager

Christie Wheeler

Commercial Manager Mary McTaggart

Executive Manager, Rebecca Green

People & Culture

Marketing Manager

AUDITORS Ernst & Young

Rosanna Melluso

BANKERS Australia & New Zealand Banking Group

SOLICITORS Frank Law & Thomson Geer

David Mumford

PRESIDENT Ian McCann

Justin Isaacs

Alan Fowler

Rod Pritchard

Jody Manson

Adam Cromack

Laurie Capovilla

PRESIDENT’S REPORT

Dear Members

On behalf of the Board of Directors, I am pleased to present the 67th Annual Report of Wentworthville Leagues Club for the 53 weeks ending 31 December 2024.

This year, the Club delivered another exceptional result, with an operating profit before tax of $11.6 million and over $25 million in net cash generated from operations. We maintained a strong financial position, increasing total member funds to over $184 million. This growth is a testament to the dedication of our team and the loyalty of our members.

In 2024, we made significant progress in our vision to evolve our Entertainment Hub. Construction works commenced in March, with early works laying the foundation for a modern and inclusive club environment. We are excited about what lies ahead as we transform our spaces.

Our commitment to community has never been stronger. Through our Heart of Wenty brand, we proudly supported 56 community projects and programs, distributing more than $4.1 million in community funding. From helping children through Ronald McDonald House and The Humour Foundation, to standing beside our local community who may be experiencing challenging times, through Parramatta Mission and Eat Up Australia, our Club continues to make a meaningful impact.

We also saw a record-breaking increase in membership this year, reaching over 80,000 members. I am proud of the work our team is doing to continually deliver value to our members, both within the Club and in our broader community.

I extend my sincere thanks to the Board of Directors for their dedication and commitment, and to our CEO Glenn Kovacs and his Executive team for their leadership and hard work. I also thank our staff, sporting sub clubs, and most importantly, our members for your ongoing loyalty.

I look forward to seeing many of you at the 2025 Annual General Meeting on Sunday 25th May, where we will share further updates on the Club’s development and community initiatives.

Warm regards,

Ian McCann PRESIDENT

CEO’S REPORT

Dear Members,

2024 was a transformative year for Wenty Leagues as we took steps forward with our redevelopment project and strengthened our connection with members and community alike.

Our redevelopment works officially began in March, marking a major milestone in our journey to evolve your Entertainment Hub. We are reimagining spaces with members in mind, introducing more inclusive and comfortable areas, upgraded entertainment zones, and modern finishes. Despite the works underway, our commitment to service and experience has remained unwavering.

Financially, we recorded $99 million in revenue and an operating profit of $11.6 million before tax. This strong result enabled continued investment into our community, staff, and facilities.

Heart of Wenty continued to be a cornerstone of our community presence with notable initiatives such as Emergency Services Day and our heartfelt Kosciuszko hike supporting brain tumour research.

We also embraced digital innovation, launching a brand-new website in early 2025. With improved mobile access, simplified navigation, and stronger alignment to our brand, members can now connect with Wenty more easily than ever.

Wenty promotions continued to generate excitement with highlights such as our Wheels & Waves giveaway and a dream trip to the 2025 NRL Las Vegas event. These moments not only reward our members but bring deeper engagement and joy.

To our staff, thank you for your unwavering passion and excellence. To the Board, thank you for your support and direction. And to you, our members, thank you for making Wenty Leagues a vibrant community we are proud to serve every day.

I look forward to an exciting year ahead as we unveil our new spaces, elevate member experiences, and continue our mission to be your home away from home.

Warm regards,

CHIEF EXECUTIVE OFFICER

COMMUNITY 2024 HIGHLIGHTS

A Heartfelt Hike

The Heart of Wenty brand’s first initiative, led by Community Engagement Coordinator Rebecca Gauci, was not just a fundraising effort but a deeply personal journey for all involved. Rebecca, who has bravely faced her own health challenges after being diagnosed with a benign brain tumour (Acoustic Neuroma), decided to take on an 18km hike to the top of Mt Kosciuszko in March, joined by the marketing team. This initiative was a chance to raise awareness, show resilience, and support a cause close to Rebecca’s heart.

The hike began before sunrise and tested each participant both physically and mentally. Despite the challenges, the team pushed through reaching the summit together, just as the sun was peaking over the horizon. It was a powerful moment of teamwork in support of a cause that means so much to Rebecca, and to all of us at Wenty.

Community Unites for Emergency Services Day

As part of our Heart of Wenty initiatives, we hosted an Emergency Services Day that brought the community together to engage with and celebrate local first responders. The event offered hands-on learning opportunities, access to emergency vehicles, and a chance to show appreciation for the vital work these services provide.

St John Ambulance ran interactive CPR and first aid demonstrations, while SES and NSW Fire and Rescue opened up their vehicles for families to explore. Children enjoyed face painting, balloon twisting, and meeting SES mascot Paddy Platypus, who quickly became a crowd favourite.

All donations from the day went to support the Holroyd SES, reflecting our ongoing commitment to local emergency services. The event was praised for building awareness and preparedness, and many attendees expressed interest in seeing it return as an annual tradition.

Inaugural Sports Lunch: Supporting Family of League

In April, we hosted our inaugural Sports Lunch NRL Calcutta, bringing together footy fans, suppliers, and special guests to support the Family of League. The event featured a panel of guest speakers, including Anthony Minichiello, Corban Baxter, Luke Lewis, and Josh Reynolds, who shared insights into their careers in a Q&A session with MC Anthony Maroon.

A major highlight was the NRL Calcutta auction, where competitive bidding for teams created an exciting atmosphere. Over $15,000 was raised for the Family of League, supporting past and present rugby league players and their families facing hardship.

Supporting Parramatta Mission’s Rich Person Poor Person Dinner

Our staff and management attended Parramatta Mission’s Annual ‘Rich Person Poor Person’ Dinner, an event designed to raise awareness about homelessness and its challenges. As guests arrived, they selected a ball, with gold representing the ‘rich’ and white representing the ‘poor.’ Only 15 attendees received a gold ball and enjoyed a fine three-course meal, while the rest were served a humble onecourse meal of pumpkin soup and bread.

We proudly supported the event as a Diamond sponsor, donating table settings and meals for all guests. Our Executive Chef and Executive Sous Chef prepared the dishes, ensuring a meaningful experience for everyone involved. The event successfully raised awareness and vital funds for Parramatta Mission, giving all the opportunity to walk in someone else’s shoes and reflect on the realities of homelessness.

OUR COMMUNITY PARTNERSHIPS

Fighting Childhood Hunger, One Sandwich at a Time

One in five Australian children regularly experience food insecurity (Foodbank, 2022), a staggering statistic that highlights the urgent need for action. At Wenty Leagues, we believe no child should go hungry, which is why we are proud to support Eat Up Australia—a vital organisation that provides lunches to children who attend school without food.

In the Cumberland LGA, the schools we support require 95% more lunches than the average school, demonstrating the significant demand for assistance in our local community. To help address this pressing issue, we contributed $13,385 in financial assistance in 2024, ensuring that more children receive the nourishment they need to focus, learn, and thrive.

Beyond financial support, our team is passionate about making a hands-on impact. We actively participate in sandwich-making sessions, where volunteers come together to prepare fresh and nutritious lunches for students in need. This initiative not only fills empty stomachs but also fosters a stronger, more compassionate community.

By partnering with Eat Up Australia, we are taking meaningful steps toward reducing food insecurity and supporting the well-being of children in our community. We remain committed to this cause and look forward to continuing our efforts to ensure no child goes to school hungry.

Helping Families Take the First Step to Safety

Escabags provides free ‘Escape Bags’ to families and individuals fleeing domestic and family violence. These escape bags are available for single adults or there are also parents/child bags. The bags are not gender specific and are filled with essential items needed in the initial days after leaving a domestic family violence situation whilst seeking further support.

Wenty Leagues not only provided financial assistance to Escabags for the amount of $10,000, but also became a stockist for the bags. This enables members and guests to access the bags in a safe and supported environment. Victims having access to FREE Escape Bags is a unique and practical solution in their immediate time of danger and limiting the necessity for families and individuals to re-enter the family home for essential items.

By supporting Escabags, Wenty Leagues is helping to provide dignity, and immediate relief when it matters most.

Healing through Laughter with Clown Doctors

At Wenty Leagues, we are proud to support the Clown Doctors, who use evidence-based humour therapy to support children and families at Westmead Children’s Hospital. Their work is

heartwarming. By easing anxiety, they help medical staff work more efficiently while also bringing joy to seriously ill children and their families during an incredibly stressful time.

The Clown Doctors play a crucial role in transforming the hospital environment into one of comfort and laughter. Their efforts help reduce the stress that comes with medical procedures, providing emotional relief and a sense of joy and connection in an otherwise challenging setting. For families navigating the tough journey of a child’s illness, these moments of laughter become vital in helping them cope.

In 2024, we provided $33,220 in financial assistance to sustain the Clown Doctors program, ensuring that it continues to benefit approximately 6,800 young people from the Cumberland LGA admitted to Westmead Children’s Hospital each year. We recognise how important this program is, and we are committed to supporting it for years to come, knowing that our contribution helps bring light to many families facing difficult situations.

Empowering Young Patients with SuperTee

At Wenty Leagues, we are proud to partner with the Fair Fight Foundation, an incredible organisation that supports children facing medical challenges. The foundation provides innovative solutions to help empower young patients during their treatment, such as the SuperTee, a superhero-themed medical garment designed to give children a sense of strength and control during difficult times. These garments offer emotional support, transforming hospital visits into more positive experiences for kids.

In 2024, the Fair Fight Foundation expanded their range of empowering garments by introducing an astronaut design, encouraging imaginative play and promoting positive mental health among young patients. These garments not only make medical procedures more comfortable, but they also help children feel brave and confident as they face their medical journeys.

As part of our commitment to supporting this initiative, we contributed $20,000 to help fund the production of these free garments. We also had the privilege of participating in a packing event, where our team worked together to prepare SuperTees for delivery to Westmead Children’s Hospital. The event was a rewarding experience, knowing that we were making a tangible difference in the lives of children who need it the most.

We are honoured to support the Fair Fight Foundation and look forward to continuing to help provide strength, comfort, and hope to young patients battling medical challenges.

Supporting Families Living with Neurofibromatosis

The Children’s Tumour Foundation (CTF) facilitates weekend NF Hero Community Camps for families impacted by Neurofibromatosis (NF), a genetic condition that causes tumours to grow on nerve cells, including the brain and spine. Living with NF is incredibly challenging, as it is a chronic, lifelong, and progressive condition, often accompanied by frequent hospital visits and medical procedures.

These camps offer families a much-needed break from the clinical environment, providing a safe and supportive space where they can connect with others facing similar challenges, allowing children and parents to engage in recreational activities, share experiences, and connect with other families facing the same challenges.

Wenty Leagues contributed $3,674 in funding to assist the Children’s Tumour Foundation in facilitating the camps free of charge, ensuring they are accessible to those in need. The camps also promote lasting connections among families, reducing the emotional toll and creating lasting support networks that extend well beyond the camp weekends.

COMMUNITY SNAPSHOT

ClubGRANTS Catergory 1 Funding Purpose

WHAT WE OFFER

GET TO KNOW YOUR

At Wenty Leagues, our mission is to be a ‘home away from home’ for our members. When you think of home, feelings of comfort, connection, and delicious food come to mind—all of which we strive to deliver every day.

Whether you’re looking to unwind with friends, enjoy a family meal, or celebrate a special occasion, Wenty Leagues offers a welcoming and vibrant atmosphere tailored to every experience.

Our diverse range of dining options ensures there’s something for everyone, from classic club favourites to international flavours. The Plaza, our casual dining precinct, is home to four distinct outlets and a well-stocked bar, each designed to provide a memorable experience.

Indulge in hearty, mouth-watering meals that bring comfort with every bite. From signature steaks and golden schnitzels to crumbed lamb cutlets cooked to perfection, each dish is crafted with care using quality ingredients. Complete your meal with a fresh salad, crispy fries, or one of our house-made gravies for the perfect finishing touch.

Pizza Mama serves up authentic stone-baked pizzas, hand-stretched and topped with the freshest ingredients. Choose from timeless classics like the Margherita, a loaded meat feast, or a gourmet truffle mushroom creation, each one baked to perfection in our stone oven. Ideal for sharing or enjoying solo.

Crave Desserts is a haven for those with a sweet tooth. Enjoy a gelato with crunchy toppings, beautifully crafted cakes, and tempting pastries that are sure to delight. From a casual treat to special celebrations, every dessert is designed to meet your cravings.

Take your taste buds on a journey through Asia with Red Panda Noodles. The menu features stirfries, rich broths, and flavourful noodle dishes inspired by Asian street food. Dishes like spicy laksa and crispy honey chicken bring tradition and taste together in every mouthful.

At Wenty Leagues, we take pride in delivering an exceptional dining experience, where every visit is filled with good food and good company. Whether

you’re here for a casual lunch, a family dinner, or simply to enjoy your favourite dish, there’s always something to love at Wenty, your home away from home.

CELEBRATE IN STYLE WITH

COMPASS BAR

The Compass Bar and Lounge, located on Level 1, offers an elegant, naturally lit space with premium furnishings, accommodating up to 300 guests. With exclusive access to an entire level, it features live music capabilities, state-of-the-art AV facilities, and personalised service. The Compass Bar is ideal for creating unforgettable events.

BLAXLAND ROOM

The Blaxland Room features high ceilings, premium lighting, and lush carpeting. It accommodates 150 to 300 guests, with options to divide the space for smaller events. The room can include access to Compass Bar, and features state-of-the-art AV facilities. Customisable drapes, coverings and lighting add a personal touch for any occasion.

Looking for the perfect venue for your next special occasion or corporate gathering? Wenty Events offers a versatile and elegant function space on Level 1, designed to cater to every occasion. From intimate gatherings and premium conference rooms to curated breakout areas for cocktail parties.

Our venue features a variety of sophisticated spaces, each thoughtfully designed to accommodate different event styles and sizes. Whether you’re hosting a corporate seminar, milestone celebration, graduation, sporting club gathering, or a farewell for a loved one, we have the perfect space to suit your needs.

With customisable packages, expert planning, and exceptional service, our dedicated team ensures a seamless and personalised experience. From stylish interiors to tailored setups, we bring your vision to life, making every event stress-free and memorable.

Let us help you create unforgettable memories in a warm and welcoming setting.

LAWSON ROOM

The Lawson Room is perfect for intimate events, accommodating 50–100 guests. It features high ceilings, premium lighting, and plush carpeting, with two interconnecting spaces (North and South). Equipped with state-of-the-art AV facilities, including projector screens, microphone access, and Bluetooth audio, it offers a sophisticated setting with convenient access via the porte cochere and private carpark.

YOUR LIVE & LOUD LOCATION

Looking to catch all your sports action LIVE AND LOUD? Magpie Sports Bar is the ultimate destination for sports enthusiasts. With state-of-the-art screens broadcasting the latest games, you won’t miss a second of the action.

Whether you’re cheering on your favourite teams or celebrating a win, Magpie Sports Bar offers the perfect setting to enjoy the game with a cold drink in hand and tasty bites to keep you fueled. With comfortable seating and friendly service, it’s the place to be for any sports fan!

LIFE IS BREWTIFUL AT

While our beloved Wenty Café undergoes a temporary relocation as part of our Entertainment Hub evolution, The Café remains the perfect destination for members to relax, unwind, and indulge in a wide range of food and drinks. We’re ensuring that your experience remains just as satisfying during this transition, offering all your classic Wenty favourites, along with a selection of new and exciting dishes to keep your taste buds delighted. From casual meals to indulgent treats, The Café continues to deliver the same high-quality food and warm, welcoming atmosphere you know and love.

2024 HIGHLIGHTS

$11.6m Operating Profit (Before Tax)

80,745

Total Members

Giving Back to Our Members

Total Visitation

$184.2m

Total Member Funds over 1.32m

In 2024, Wenty Leagues took our member experience to the next level by introducing a new wave of member promotions, designed not only to reward but to excite, connect, and bring joy to everyday visits. Our goal was simple. Give back to the people who make Wenty what it is.

Wheels & Waves Promotion

Over the winter months, we brought the beach to Wenty with our Wheels and Waves promotion. Running across eight weeks from June to August, we gave our members the chance to win a Mazda BT50 and a Yamaha Jet Blaster, bringing a taste of summer adventure to the colder season.

From the moment the grand prizes were rolled into our foyer, members were talking.

Beyond the grand prize, the excitement extended to many more members, with 39 runner-up prizes awarded throughout the promotion. This ensured that the joy of Wheels and Waves was shared far and wide, making the experience even more rewarding for our Wenty community.

Win a Trip to Vegas

As the year came to a close, we offered an unforgettable opportunity, the chance to win the trip of a lifetime: four tickets to the 2025 NRL event in Las Vegas, complete with flights, accommodation, spending money, and exclusive access.

Running through October and November, the promotion captured the spirit of footy fever. With entries earned through spend, swipes, and bonus Coca-Cola and LION product purchases, members embraced the chance to win big. The lucky winners? A couple of regular raffle attendees, who were thrilled to be heading to Vegas to witness history on the world stage.

These campaigns weren’t just about prizes but also about creating moments that brought our community together. There’s something truly special about seeing the joy on a winner’s face. Whether it was a dream holiday or a brand-new car, the excitement, gratitude, and emotion shared in those moments is something we treasure.

“It’s incredibly rewarding to see how much these moments mean to our members. It reminds us why we do what we do.”

Glenn Kovacs — CEO, Wenty Leagues

A NEW DIGITAL EXPERIENCE

One of the most significant digital initiatives undertaken in 2024 was the complete redevelopment of the Wenty Leagues website, a project aimed at enhancing the online experience for our members. As technology continues to evolve, we recognised the need for a more intuitive, accessible, and engaging platform that reflects the diverse offerings and vibrant community at Wenty.

The project involved extensive planning, design, and development throughout the year, incorporating feedback from members and staff to ensure the site meets the needs of our community. After months of refinement, the new website officially launched in early 2025, unveiling a modern visual identity, improved navigation, and streamlined access to essential club information. Whether members are looking for dining options, entertainment schedules, promotions, or details about our Heart of Wenty

community initiatives, the upgraded platform makes finding information easier than ever.

A key focus of the redevelopment was mobile optimisation, as more members engage with us via smartphones and tablets. The new site is fully responsive, delivering a seamless and user-friendly experience across all devices, ensuring that members can stay connected with Wenty anytime, anywhere.

This project is a testament to our commitment to innovation, continuous improvement, and memberfirst experiences. As we move forward, we remain dedicated to leveraging digital advancements to enhance engagement and accessibility, making it easier for our community to enjoy everything Wenty has to offer.

Explore the new site: wentyleagues.com.au

OUR SOLAR JOURNEY BEGINS

In early 2025, Wenty Leagues took a meaningful step in our commitment to environmental sustainability, with the installation of a 460.5 kW solar system, marking the beginning of our Solar Journey.

This project saw 801 solar panels installed across the club’s rooftops, designed to harness clean energy and reduce our reliance on traditional power sources. While this is just the first phase of our solar investment, the impact is already significant. Each year, our solar system will generate approximately 582,636 kWh of clean electricity, offsetting the equivalent of 466,610 kg of CO2 emissions annually. That’s the same environmental benefit as planting 46,610 trees every year. This is a powerful symbol of the greener future we’re working towards.

The solar system now contributes to the club’s total energy needs, helping to improve our energy efficiency and reduce long-term operational costs. While we are not currently exporting to the grid, every kilowatt produced is used directly within the club, supporting a more sustainable future for our members, staff, and wider community.

This project is a key pillar in our broader Environmental, Social and Governance (ESG) strategy, which prioritises measurable action in sustainability, community connection, and responsible operations.

At Wenty Leagues, we are proud to invest in our future while staying true to our values as a communityfocused club. The launch of our solar journey is just the beginning, and we look forward to continuing to grow greener together.

OUR SUB CLUBS

4592 Goals scored in 2024 Netball Season

14 End of Year presentations held at Wenty Leagues

329 Years of Combined Experience Among 8 Black Belt Instructors

1995 Games played in Snooker

3.1kms Average distance walked per Bowls game

215 Competition Hours Played for Indoor Bowls

1,215 Sporting Members

10 Hole-in-Ones

37 Darts Members

49 Sub Club Award Recipients

50,233 Total Runs in 23/24 Cricket Season

170no Highest Individual Score

3,451 Hours of Competitive Sport Played

SUB CLUB MILESTONES

Proud Moments for Wenty Magpies

Round 19 - Saturday, 10th August 2024 against Hills Bulls at Ringrose Park saw 2 amazing milestones for WDRLFC. Captain Blake Cook achieved the magical 300 game milestone for the club. Blake is just the ninth player in the club’s history to reach this incredible achievement.

The same day also saw Ryan Pritchard play his 200th game for the club. This is no mean feat for any player but to achieve this at the age of 25 is something to be proud of. To top the day off the team turned on a real display running out 60-12 victors.

We hope there will be plenty more games ahead for both Blake and Ryan in the black and white Magpie jersey.

Congratulations to both players on your careers!

Celebrating Our Sporting Champions

On Sunday, 1 December, Wenty Leagues proudly hosted the 2024 Annual Sub Club Dinner, an evening dedicated to celebrating the commitment and contribution of our Sporting Sub Club community.

Committee members from across our 15 active Sub Clubs came together to recognise the outstanding efforts of their peers. Awards were presented to those who have served 15 and 25 years, acknowledging the dedication and passion that help keep grassroots sport alive and thriving at Wenty.

We were also privileged to welcome two inspiring guest speakers: former Australian cricketer Stuart Clark and NSW Swifts netball captain Maddy Proud. Both shared powerful insights and stories from their sporting journeys, captivating the room and reinforcing the values of perseverance, teamwork, and community.

Congratulations to all award recipients.

60 Years of Squash Excellence

On Saturday, 1st June 2024 the Squash Club celebrated their 60th anniversary. The had a wonderful event in the Blaxland Room at Wenty Leagues Club. It was great to see current and former players in attendance celebrating and remembering the history of the club. From starting out playing on the courts that were within the club, before moving to the Coolibah Courts at Merrylands to now playing at Northmead Squash Courts.

A fantastic night was had by all who were able to attend, we can not wait to see what the next 60 years hold for the Squash Club.

“Our Sub Clubs embody the spirit of teamwork, dedication, and inclusion, bringing people together and creating a strong sense of belonging. We’re incredibly proud of the volunteers and committee members who give their time to ensure sport continues to thrive at Wenty.”

Ian McCann - Wenty Leagues President

STAFF MILESTONES

At Wenty Leagues, we take great pride in celebrating staff milestones and recognising the dedication of team members who have been with us for many years. Their commitment and hard work contribute to our success, and we are honoured to acknowledge their lasting impact on Wenty Leagues and the broader community.

PAUL FELICE

25 Years of Service

In 2024, we celebrated an incredible milestone for one of our longest-serving team members, Paul Felice, our dedicated Facilities Manager, who marked 25 years of service at Wenty Leagues.

Paul has been a constant presence through decades of change. More than just witnessing the transformation of our venue, Paul has been hands-on in driving it by playing a key role in delivering many of the renovation and upgrade projects that have shaped the club into the welcoming space our members know today.

Known for his meticulous attention to detail, Paul’s influence can be seen in every corner of the club. Whether it’s a major refurbishment or a behind-the-scenes fix that keeps the club running smoothly, Paul’s problem-solving mindset is at the heart of it all.

His commitment goes beyond bricks and mortar. Paul is one of the people who make Wenty feel like a ‘home away from home’, for members, staff, and the wider community.

We thank Paul for his extraordinary contribution and look forward to many more milestones to come.

GLINYS

45 Years of Service

Glinys has been a valued part of our club for 45 years, starting behind the bar and in the Chinese restaurant before becoming the welcoming face of reception.

Reflecting on her journey, she shares, “The most rewarding part of my job is the respect I receive from staff and members. It’s a joy to put a smile on people’s faces every day.” Her kindness, professionalism, and dedication have made a lasting impact on all who walk through our doors.

Over the years, she has witnessed the club’s evolution and takes great pride in seeing more women step into leadership roles. Her commitment has helped shape the warm and welcoming atmosphere we all cherish.

We celebrate Glinys for her outstanding service and the invaluable contributions she has made over the past 45 years.

OUR PRODUCT

28,910 Chicken Schnitzels made

66,276 Pizzas handmade & cooked

372,118 Schooners sold

285,209 Coffees sold

38,405 Cakes sold

26,441 Steaks cooked

OUR SOCIALS

292 minutes of content filmed on phone

37,413 Followers across all social platforms

Website visitors from across

42 different countries

119 Staff members featured across our channels

2,143

Social photos taken

1,320

Individual pieces of content published in

7PM

Most active time for our followers

782 Emojis used over our social channels

FINANCIAL SNAPSHOT

$99m

$79m

TOTAL Revenue

$17m

GAMING Revenue

$11m

$25m

CATERING & BEVERAGE Revenue

$242m

NET PROFIT for the year before tax

CASH GENERATED from operations

TOTAL Assets

FINANCIAL REPORT

WENTWORTHVILLE LEAGUES CLUB LIMITED

ABN 25 000 244 459

GENERAL PURPOSE (SDS) FINANCIAL REPORT FOR THE 53 WEEKS ENDED 31 DECEMBER 2024

CONSITUTIONAL REPORTING

MEMBER STATEMENT OF BENEFIT (RULE 70)

The apportionment of the annual profit has been appropriated for improvements to the benefit for the members.

HONORARIUMS (RULE 86: ALLOWANCE $88,000 + CPI)

DIRECTORS EXPENSES

In accordance with the Constitution the total value of Directors’ expenses under Rule 87 (a) - (n) for the year 2024 is $169,849 (2023: $163,000). The actual expenditure for the year of $129,827 (2023: $104,519) is $40,002 or 24% below the amount allocated for the year but an increase of $25,308 above the costs of the prior year.

Attending other Registered Clubs for the purpose of viewing and assessing their facilities and methods of operation - Rule 87 (e) $–

Travelling to and from Directors’ Meetings or other duly constituted Committee Meetings - Rule 87 (f) $10,746

Meal and beverage immediately before or after a Board or Committee Meeting on the day of that meeting when that meeting corresponds with a normal mealtime - Rule 87 (g) $19,738

Attending any Club, community or charity function as the representatives of the Club - Rule 87 (h) $9,746

Wife, husband or partner attendance at any Club, community or charity function - Rule 87 (i) $5,564

Food and refreshment in one of the Club’s Dining Rooms or the Club’s room(s) - Rule 87 (j) $6,677

Annual or special functions being - Rule 87 (k): (i) Meal and beverage Annual Sport and Recreation Club Dinner $5,855

Meal and beverage at a Special Function held to acknowledge a member’s service or achievement - Rule 87 (l)

All other expenses not specified in clause 87(a)-(m) but otherwise permitted at law - Rule 87 (n) $17,512

Aggregate sum of the 6 highest paid officers of the club (Rule 159 (b)(i))

The aggregate sum representing the annual salaries, bonuses and emoluments paid (when taken together) to the 6 highest paid Officers of the club including the CEO $1,920,101

Registered members (Rule 159 (b)(ii))

The number of members registered at the end of the club’s financial year (2023: 70,373) 80,745

DIRECTORS’ REPORT

The directors present their report together with the financial report of Wentworthville Leagues Club Limited (the Company or the Club) for the 53 weeks ended 31 December 2024.

DIRECTORS

The Directors of the Company at any time during or since the end of the financial year are:

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

I McCANN President

J ISAACS Vice President

Director 18 years including President 16 years. Honorary Life Member of Wentworthville Leagues Club. Chairman of Board’s Remuneration Committee, Audit Risk and Compliance Committee, Sponsorship Committee and Disciplinary Committee. President of Leagues Club Association (18 years of service). Delegate of member bodies of Clubs NSW and member of Club Directors Institute. Member of Clubs Corporate Governance Working Group, Boards Representative at Sports Council. Member of all Sporting Associations and patron of Squash Club and Cricket Club. Life member of WDRLFC.

Interest in contracts - Nil

Director 16 years, Vice President (2023 – Current). Member of Board’s Remuneration Committee and Property Corporate and Investment 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 patron of Darts Club and Life member and President of Cricket Club.

Interest in contracts - Wentworthville Leagues Cricket Club.

L CAPOVILLA Director

A CROMACK Director

Director 36 years. Honorary Life Member of Wentworthville Leagues Club., Member of the Board’s Property Corporate and Investment Committee, Sponsorship Committee and Disciplinary Committee. Delegate to Leagues Clubs Association and Member of ClubsNSW and Clubs Directors Institute. 35 years’ service Leagues Club Australia. Member of all Sporting Associations and Patron of Wenty Leagues Golf Club and Life Member of WDRLFC and WUJRLFC.

Interest in contracts - Nil

Director 22 years including past Vice President for 6 years (2013 - 2019). Honorary Life Member of Wentworthville Leagues Club. Member of Boards Remuneration Committee, Audit Risk and Compliance Committee, Sponsorship Committee, Disciplinary Committee. Member of member bodies of ClubsNSW and Club Directors Institute. Delegate of Leagues Club Association. Alternate at Sports Council. Member of all Sporting Associations, including Life Member of WDRLFC.

Interest in contracts - Nil

A FOWLER Director Director 14 years including past Vice President (Non-consecutive: 2011 - 2013, 2021 - 2023) Member of Board’s Audit Risk and Compliance Committee, Remuneration Committee and Disciplinary and Sponsorship Committee. Member of Member Bodies of Leagues Club Association and Club Directors Institute. Member of all Sporting Associations.

Interest in contracts - Laing and Simmons Real Estate.

J MANSON Director Director 4 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 Committee Member of WLC Netball Club.

Interest in contracts - Wentworthville Leagues Netball Club.

D MUMFORD Director Director 5 years. Member of 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. Member of all Sporting Associations.

Interest in contracts - Nil

R PRITCHARD 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. President of Wentworthville Leagues District Football Club, Member of all Sporting Associations.

Interest in contracts - Wentworthville District Rugby League Football 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 sport in the Wentworthville district, with a particular 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.

DIRECTORS’ REPORT

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.

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 31 December 2024 there are 80,745 (2023: 70,373) current members across the following membership classes:

DIRECTORS’ MEETINGS

The following table sets out the number of Director’s meetings held and attended during the year. During the financial period, 14 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.

and Charter Committees

DIRECTORS’ MEETINGS (CONTINUED)

Officers of the company

The executive’s remuneration package may contain the key elements of salary, superannuation and long service leave.

In accordance with Rule 159 (b) of the Constitution, the aggregate remuneration representing the annual salaries, bonuses and emoluments provided to the 6 highest paid officers of the company is $1,920,101 (2023: $1,750,695).

Indemnification and insurance of Directors and Officers

During the financial year, the Club held an insurance policy for the benefit of the directors and officers. In accordance with commercial practice, the insurance policy prohibits disclosure of the terms of the policy including the nature of the liability insured against and amount of the premium.

Indemnification of auditor

To the extent permitted by law, the Club has agreed to indemnify its auditor Ernst & Young (Australia), as part of the terms of its audit engagement agreement against claims by third parties arising from the audit (for an unspecified amount). No payment has been made to Ernst & Young (Australia) during or since the financial period.

Significant events after reporting period

There have been no significant events occurring after the reporting period which may affect either the Company’s operations or results of those operations or the Company’s state of affairs.

AUDITOR’S INDEPENDENCE DECLARATION

The auditor’s independence declaration is included on page 34.

Signed in accordance with a resolution of the directors made pursuant to s298(2) of the Corporations Act 2001.

I McCann Director

Dated 16th April 2025 at Wentworthville

Sydney NSW 2000 Australia

Box 2646 Sydney NSW 2001

Tel: +61 2 9248 5555 Fax: +61 2 9248 5959

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 53 weeks ended 31 December 2024, 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;

As lead auditor for the audit of the financial report of Wentworthville Leagues Club Limited for the 53 weeks ended 31 December 2024, 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; and

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;

b) No contraventions of any applicable code of professional conduct in relation to the audit; and

c) No non-audit services provided that contravene any applicable code of professional conduct in relation to the audit.

Ernst & Young

Daniel Cunningham Partner

Sydney

16 April 2025

Daniel Cunningham Partner

Sydney

16 April 2025

STATEMENT OF PROFIT OR LOSS & OTHER COMPREHENSIVE INCOME

for the year 10,740,932 13,976,945 Other comprehensive income Other comprehensive income that will not be reclassified to profit or loss in subsequent periods:

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

STATEMENT OF FINANCIAL POSITION

The above statement of financial position should be read in conjunction with the accompanying notes.

STATEMENT OF CHANGES IN EQUITY

The above statement of changes in equity should be read in conjunction with the accompanying notes.

STATEMENT OF CASH FLOWS

weeks ended 52 weeks ended In AUD Note 31 December 2024 26 December 2023 Cash flows from operating activities

The above statement of cash flows should be read in conjunction with the accompanying notes.

NOTES TO THE FINANCIAL STATEMENTS

1 Reporting entity

Wentworthville Leagues Club Limited (the Company or the Club) is a company limited by guarantee incorporated and domiciled in Australia. The address of the Company’s registered office is 50 Smith Street, Wentworthville, NSW, 2145. The financial statements of the Company are as at and for the 53 weeks ended 31 December 2024.

2 Basis of preparation

(a) Statement of compliance

These general-purpose financial statements have been prepared in compliance with the requirements of the Corporations Act 2001 and Australian Accounting Standards - Simplified Disclosures.

The financial statements were approved by the Board of Directors on 16th of April 2025.

(b) Basis of measurement

The financial statements have been prepared on the historical cost basis, with the exception of some financial instruments which are measured on fair value basis, and component of property, plant and equipment which is measured on revaluation model basis.

The financial report is presented in Australian dollars ($).

(c) Going concern

The financial statements have been prepared on a going concern basis, which contemplates the continuity of normal business operations and realisation of assets and settlement of liabilities in the ordinary course of business.

The Company has generated a net profit after tax of $10,740,932 for the 53 weeks ended 31 December 2024 (2023: $13,976,945) and, as at that date, is in a net current liability position of $4,447,972 (2023: $932,404) and in a net asset position of $184,205,220 (2023: $168,144,288). During the period, the Company generated cash inflows of $25,347,910 (2023: $23,740,617) from operating activities. The Company also has access to a financing facility with its bank and, as at reporting date $12,000,000 (2023: $22,000,000) of this is yet to be drawn. The existing loan facility expires on 30 April 2026 (2023: 30 April 2025).

Based on the above, the Directors consider that the Company will be able to continue to fulfil all obligations as and when they fall due for the foreseeable future, being at least twelve months from the date of approval of these financial statements, and that the Company’s financial statements should be prepared on a going concern basis.

(d) Functional and presentation currency

These financial statements are presented in Australian dollars, which is the Company's functional currency.

(e) Use of estimates and judgements

The preparation of financial statements in conformity with AASB requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

NOTES TO THE FINANCIAL STATEMENTS

2 Basis of preparation (continued)

(e) Use of estimates and judgements (continued)

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year are included in the following notes:

• Note 11 Intangible assets

• Note 16 Property, plant and equipment - residential property land

• Note 21 Contingencies

(f) Changes in accounting policies, disclosures, standards and interpretations

New accounting standards and interpretations

During the 53 weeks ended 31 December 2024, the Club has reviewed and adopted all of the new and revised standards and interpretations issued by the Australian Accounting Standards Board (‘AASB’) that are relevant to its operations and effective for annual reporting periods beginning on or after 27 December 2023. It has been determined by the Club that there is no impact, material or otherwise, of the new and revised standards and interpretations on its business.

Accounting Standards and Interpretations issued but not yet effective

Certain Australian Accounting Standards and Interpretations have recently been issued or amended but are not yet effective and have not been adopted by the Club for the 53-week reporting period ended 31 December 2024. The directors have not early adopted any of these new or amended standards or interpretations.

3 Material accounting policies

(a) Financial instruments

(i) Recognition and initial measurement

Trade receivables and debt securities issued are initially recognised when they are originated. All other financial assets and financial liabilities are initially recognised when the Company becomes a party to the contractual provisions of the instrument.

A financial asset (unless it is a trade receivable without a significant financing component) or financial liability is initially measured at fair value plus, for an item not at fair value through profit and loss transaction costs that are directly attributable to its acquisition or issue. A trade receivable without a significant financing component is initially measured at the transaction price.

(ii) Classification and subsequent measurement

On initial recognition, a financial asset is classified as measured at: amortised cost; fair value through other comprehensive income - debt investment: fair value through other comprehensive income - equity investment: or fair value through profit and loss.

Financial assets are not reclassified subsequent to their initial recognition unless the Company changes its business model for managing financial assets, in which case all affected financial assets are reclassified on the first day of the first reporting period following the change in the business model.

A financial asset is measured at amortised cost if it meets both of the following conditions and is not designated as at fair value through profit or loss:

• it is held within a business model whose objective is to hold assets to collect contractual cash flows: and

• its contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

All financial assets not classified at amortised cost or fair value through other comprehensive income (FVOCI) as described above are measured at fair value through profit and loss (FVTPL). This includes all derivative financial assets. On initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortised cost or at FVOCI as at FVTPL if doing so eliminates or significantly reduces an accounting mismatch that would otherwise arise.

Financial assets at fair value through profit and loss

These assets are subsequently measured at fair value. Net gains and losses, including any interest or dividend income, are recognised in profit or loss.

Financial assets at amortised cost

These assets are subsequently measured at amortised cost using the effective interest method. The amortised cost is reduced by any impairment losses. Interest income, foreign exchange gains and losses and impairment are recognised in profit or loss. Any gain or loss on derecognition is recognised in profit or loss.

(iii) Derecognition

Financial assets

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset.

The Company enters into transactions whereby it transfers assets recognised in its statement of financial position, but retains either all or substantially all of the risks and rewards of the transferred assets. In these cases, the transferred assets are not derecognised.

The Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire. The Company also derecognises a financial liability when its terms are modified and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognised at fair value.

On derecognition of a financial liability, the difference between the carrying amount extinguished and the consideration paid (including any non-cash assets transferred or liabilities assumed) is recognised in profit or loss.

(b) Property, plant and equipment

(i) Recognition and measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses, except residential property - land which is measured at fair value under the revaluation model.

The increase in an asset class carrying amount as a result of a revaluation is recognised in other comprehensive income and accumulated in equity under the heading of revaluation surplus. However, the increase shall be recognised in profit or loss to the extent that it reverses a revaluation decrease of the asset class previously recognised in profit and loss.

Cost includes expenditure that is directly attributable to the acquisition of the asset. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment.

When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment.

3 Material accounting policies (continued)

(b) Property, plant and equipment (continued)

(i) Recognition and measurement (continued)

The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of the property, plant and equipment and is recognised net in profit or loss.

A gain arising from revaluation is recognised within other comprehensive income. A loss arising from revaluation is recognised within profit or loss to the extent that it exceeds any existing revaluation surplus for the asset.

(ii) Subsequent costs

Subsequent expenditure is capitalised only when it is probable that the future economic benefits associated with the expenditure will flow to the Company. Ongoing repairs and maintenance are expensed as incurred.

(iii) Depreciation

Items of property, plant and equipment are depreciated from the date that they are installed and are ready for use.

Depreciation is calculated to write off the cost of property, plant and equipment less their estimated residual values using the straight-line basis over their estimated useful lives. Depreciation is generally recognised in profit or loss, unless the amount is included in the carrying amount of another asset. Land is not depreciated.

The estimated useful lives for the current and comparative years of significant items of property, plant and equipment are as follows:

• Buildings including residential property buildings 40 years

• Leasehold improvements 11 years

• Plant and equipment 5 - 10 years

• Equipment under finance lease 3 years

• Furniture, fixtures and fittings 5 - 10 years

• Office machines 3 - 5 years

• Motor vehicles 8 years

Depreciation methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.

(c) Intangible assets

Poker machine entitlements

Poker machine entitlements that are acquired by the Club, which have infinite useful lives, are measured at cost less accumulated impairment losses.

Subsequent expenditure

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to which it relates. All other expenditure is recognised in profit or loss as incurred.

Impairment

Poker machine entitlements have indefinite useful lives as they have no expiry date. Accordingly, such intangible assets are not amortised but are systematically tested for impairment at each reporting date (see note 3(e)).

(d) Inventories

Inventories are measured at the lower of cost and net realisable value. The cost of inventories is calculated on a weighted-average cost basis, and includes expenditure incurred in acquiring the inventories and other costs incurred in bringing them to their existing location and condition.

Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and estimated costs necessary to make the sale.

(e) Impairment

Non-derivative financial assets

Financial instruments and contract assets

The Company considers a financial asset to be in default when:

• financial assets measured at amortised cost;

• debt investments measured at fair value through other comprehensive income; and

• contract assets.

The Company measures loss allowances at an amount equal to lifetime expected credit losses. Loss allowances for trade receivables and contract assets are always measured at an amount equal to lifetime expected credit losses.

When determining whether the credit risk of a financial asset has increased significantly since initial recognition and when estimating expected credit losses, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes both quantitative and qualitative information and analysis, based on the Company’s historical experience and informed credit assessment and including forward- looking information.

The Company assumes that the credit risk on a financial asset has increased significantly if it is more than 30 days past due.

The Company considers a financial asset to be in default when:

• the borrower is unlikely to pay its credit obligations to the Company in full, without recourse by the Company to actions such as realising security (if any is held);

• or the financial asset is more than 90 days past due.

12-month expected credit losses are the portion of credit losses that result from default events that are possible within the 12 months after the reporting date (or a shorter period if the expected life of the instrument is less than 12 months).

The maximum period considered when estimating expected credit losses is the maximum contractual period over which the Company is exposed to credit risk.

Non-derivative financial assets (continued)

Measurement of expected credit losses

Credit losses are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls (i.e.the difference between the cash flows due to the entity in accordance with the contract and the cash flows that the Company expects to receive). Credit losses are discounted at the effective interest rate of the financial asset.

Presentation of allowance for expected credit losses in the statement of financial position

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets. For debt securities at fair value through other comprehensive income, the loss allowance is charged to profit or loss and is recognised in other comprehensive income.

Write-off

The gross carrying amount of a financial asset is written off when the Company has no reasonable expectations of recovering a financial asset in its entirety or a portion thereof. The Company expects no significant recovery from the amount written off.

3 Material accounting policies (continued)

(f) Employee benefits

(i) Defined contribution plans

A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are recognised as an employee benefit expense in profit or loss in periods during which services are rendered by employees.

(ii) Other long-term employee benefits

The Company’s net obligation in respect of long-term employee benefits is the amount of future benefit that employees have earned in return for their service in the current and prior periods plus related on-costs; that benefit is discounted to determine its present value, and the fair value of any related assets is deducted. The discount rate is the yield at the reporting date on government bonds that have maturity dates approximating the terms of the Company’s obligations.

(iii) Short-term benefits

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognised for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

(g) Provisions

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost.

(h) Revenue

Revenue from contracts with customers

Revenue is recognised at an amount that reflects the consideration to which the Company is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the Company identifies the contract with a customer, identifies the performance obligations in the contract, determines the transaction price which takes into account estimates of variable consideration and the time value of money, allocates the transaction price to the separate performance obligations on the basis of the relative stand-alone selling price of each distinct good or service to be delivered, and recognises revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services.

(i) Goods sold

Revenue from the sale of goods is recognised at the point in time the goods are provided, and payment is collected.

(ii) Rendering of services

Revenue from gaming services is the net difference between gaming wins and losses, and is recognised upon the outcome of the game at the close of business.

(iii) Rental income

Rental income is recognised in profit or loss on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income, over the term of the lease.

(iv) Dividend and interest revenue

Dividend revenue is recognised on a receivable basis. Interest revenue is recognised on a time proportionate basis that takes into account the effective yield on the financial asset.

(i) Leases

At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:

• the contract involves the use of an identified asset – this may be specified explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified.

• the Company has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use; and

• the Company has the right to direct the use of the asset. The Company has this right when it has the decision-making rights that are most relevant to changing how and for what purpose the asset is used.

In rare case where the decision about how and for what purpose the asset is used is predetermined, the Company has the right to direct the use of the asset if either:

• the Company has the right to operate the asset; or

• the Company designed the asset in a way that predetermines how and for what purpose it will be used.

At inception or on reassessment of a contract that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative stand-alone prices.

For contracts entered into before, the Company determined whether the arrangement was or contained a lease based on the assessment of whether:

• fulfilment of the arrangement was dependent on the use of a specific asset or assets; and

• the arrangement had conveyed a right to use the asset. An arrangement conveyed the right to use the asset if one of the following was met:

- the purchaser had the ability or right to operate the asset while obtaining or controlling more than an insignificant amount of the output;

- the purchaser had the ability or right to control physical access to the asset while obtaining or controlling more than an insignificant amount of the output; or

- facts and circumstances indicated that it was remote that other parties would take more than an insignificant amount of the output, and the price per unit was neither fixed per unit of output nor equal to the current market price per unit of output.

As a lessee

The Company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date and plus any initial direct costs incurred.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right-of-use assets are determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

3 Material accounting policies (continued)

(i) Leases(continued)

As a lessee (continued)

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, and the Company’s incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate.

Lease payments included in the measurement of the lease liability comprise the following:

• fixed payments, including in-substance fixed payments.

• variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; and

• lease payments in an optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Company is reasonably certain not to terminate early.

The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Company’s estimate of the amount expected to be payable under a residual value guarantee, or if the Company changes its assessment of whether it will exercise a purchase, extension or termination option. When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero. The Company presents right-ofuse assets and lease liabilities separately in the statement of financial position.

(j) Finance income

Finance income comprises interest income on funds invested. Interest income is recognised as it accrues in profit or loss, using the effective interest method. Finance cost on loans and borrowings is recognised in profit or loss using the effective interest method.

(k) Income tax

Tax expense comprises current and deferred tax. Current tax and deferred tax is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income.

(i) Current tax

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Current tax payable also includes any tax liability arising from the declaration of dividends.

(ii) Deferred tax

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for temporary differences on the initial recognition of assets or liabilities in a transaction and that affects neither accounting nor taxable profit or loss.

The measurement of deferred tax reflects the tax consequences that could follow the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted by the reporting date.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different tax entities, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realised simultaneously.

A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised.

The Income Tax Assessment Act 1997 (amended) provides that under the concept of mutuality, clubs are only liable for income tax on income derived from non-members and from outside entities.

(l) Good and services tax

Revenue, expenses and assets are recognised net of the amount of goods and services tax (GST), except where the amount of GST incurred is not recoverable from the taxation authority. In these circumstances, the GST is recognised as part of the cost of acquisition of the asset or as part of the expense.

Receivables and payables are stated with the amount of GST included. The net amount of GST recoverable from, or payable to the Australian Taxation Office (ATO) is included as a current asset or liability in the statement of financial position.

Cash flows are included in the statement of cash flows on a gross basis. The GST components of cash flows arising from investing and financing activities which are recoverable from, or payable to, the ATO are classified as operating cash flows.

(m) Fair value measurement

When measuring fair value of an asset or liability, the Company uses observable market data as far as possible. Fair values are categorised into different levels in a fair value hierarchy based on the inputs used in the valuation techniques as follows:

• Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities

• Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, Either directly (i.e. as prices) or indirectly (i.e. derived from prices).

• Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs)

The fair value assessment of the residential properties-land was carried out as at 31 December 2024 by Howden Insurance Brokers (Australia) Pty Ltd (Certified practicing valuer no. 67391). The Company has elected to revalue only the land component associated with the residential properties, and has recognised buildings under residential properties (buildings) category on a cost model, refer to note 2(e) and 3(b).

The following table details the assets which are measured and disclosed at fair value categorised under the three level hierarchy.

NOTES TO THE FINANCIAL STATEMENTS

3 Material accounting policies (continued)

(n) Current versus non-current classification

The Company presents assets and liabilities in the statement of financial position based on current/noncurrent classification. An asset is current when it is:

• Expected to be realised or intended to be sold or consumed in the normal operating cycle;

• Held primarily for the purpose of trading;

• Expected to be realised within twelve months after the reporting period, or

• Cash or a cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

All other assets are classified as non-current

A liability is current when:

• It is expected to be settled in the normal operating cycle;

• It is held primarily for the purpose of trading;

• It is due to be settled within twelve months after the reporting period, or

• There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities

(o) Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.

Timing of revenue from contracts with customers recognition

NOTES TO THE FINANCIAL STATEMENTS

7 Tax Expense

Numerical reconciliation between tax expense and pre-tax accounting profit

The Income Tax Assessment Act 1997 (amended) provides that under the concept of mutuality, registered clubs are only liable for income tax on income derived from non-members and from outside entities.

The amount set aside for income tax in the statement of profit or loss and other comprehensive income has been calculated as follows:

These are poker machine entitlements and are stated at cost less accumulated impairment losses. Poker machine entitlements have an indefinite useful life given they have no expiry date, and accordingly are not amortised but are to be assessed annually for impairment.

The

The loan matures on 30 April 2026 (2023: 30 April 2025) and is subject to quarterly repayments. The interest rate for the relevant interest period is BBSY plus a margin of 0.75% (2023: BBSY plus a margin of 1.08%). Security consists of:

(i) Registered first mortgage by Wentworthville Leagues Club Limited over club premises situated at Wentworthville Leagues Club, Smith Street, Wentworthville, NSW, 2145.

(ii) A first registered equitable mortgage by Wentworthville Leagues Club Limited over the whole of its assets and undertakings including uncalled capital. Registered first mortgage by Wentworthville Leagues Club Limited over 40 properties situated in Wentworthville.

The movement during the period was follows:

Linked poker machine jackpot

Poker machine link jackpots is the current balance of available jackpots that accumulate from turnover play on poker machines. These jackpots are returned to players by achieving the required combination for the link jackpot on the machine being played.

Member mortality commitment

Members who joined the club between 1970 and 1989 may have been eligible for a mortality payment. No external fund exists and all commitments are met out of current cash flow. The present value of the mortality commitment reflects management’s estimates based upon similar lapse rates and discount rates to prior year Actuarial valuations.

Rewards bonus points

The best estimate of the commitment to members in relation to unredeemed bonus points is $152,357 (2023: $365,791). Earning rates, lapse rates and terms and conditions shall impact on future estimates

16 Property, plant and equipment

17 Leases

The Company holds an operating lease with Cumberland Council for the use of the Ringrose Oval adjacent to the property.

(i) Right of use asset

Balance as at 27 December 2023 1,017,615

as at 31 December 2024

(ii) Amounts recognised in profit or loss

(iii)

Future lease payments under the operating lease as at reporting period are as follows:

In AUD 31 December 2024 26 December 2023 Not later than 1 year

than 1 year and not later than 5 years

18 Related party transactions

1,023,417 1,101,116

The directors of the club may from time to time hold a director’s role, have membership, life membership or be the patron of the various sport and recreational clubs and football clubs that are governed and controlled by the Leagues Club constitution.

A Director of the Company is the principal of a business that has a contract for the provision of rental management of the residential property portfolio. The contract is on commercial terms. The rental management fees paid in the reporting period were $67,620 (2023: $60,783). In addition, selling fee of $15,000 was paid for purchase of residential property in the reporting period.

Two directors of the Company during the reporting period received honorariums as a Director of the Cricket Club and Director of the District Football Club.

From time to time, Directors of the Company may purchase goods and engage in services that are provided by the Company and available to all members. These purchases are on the same terms and conditions as those available to all other members and may be in addition to allowances entitled by the Constitution and approved by the members at the AGM.

Apart from the details disclosed in this note, no Director has entered into any contract with the Company since the end of the previous financial period and there were no contracts involving Directors interests at year end.

NOTES TO THE FINANCIAL STATEMENTS

18 Related party transactions (continued)

Key management personnel compensation

The aggregate compensation made to directors and other members of key management personnel of the company is set out below:

53 weeks ended 52 weeks ended In AUD 31 December 2024 26 December 2023

Short term employee benefits 2,030,643 1,829,893

2,026,725

19 Financial reporting period

The Company has always used a 52-week cycle for its reporting with every fifth year being a 53 weeks reporting period. The monthly reporting cycle is grouped by weeks and follows a 5, 4, 4 cycle resulting in uniform days in the relative months across consecutive years. Consequently, the close off day for annual reporting purposes changes every year by a day and two days every leap year, except for the fifth year. The actual month end date for 2024 is 31 December with a reporting period of 53 weeks and the actual close for 2023 was 26 December 2023 with a reporting period of 52 weeks. Accordingly, amounts presented in the financial statements for 2023 are not entirely comparable to the amounts presented for 2024.

20 Capital commitments

The Club entered into a contract for the refurbishment of its premises. The original contracted amount was $21.84 million with approved variations as at 31 December 2024 being an additional $1.98 million. The total revised contract amount at 31 December 2024 is $23.82 million with a remaining unpaid but committed balance of $11.26 million.

21 Core properties

Pursuant to Section 41J of the Registered Club Amendments Act 2006, the club categorises property as follows:

In AUD 31 December 2024 26 December 2023 Core property 217,475,000 202,480,000

Core properties held by the Club are:

50 Smith Street, Wentworthville NSW 2145

2 Dawes Street, Wentworthville NSW 2145

3 Dawes Street, Wentworthville NSW 2145

4 Dawes Street, Wentworthville NSW 2145

5 Dawes Street, Wentworthville NSW 2145

6 Dawes Street, Wentworthville NSW 2145

7 Dawes Street, Wentworthville NSW 2145

8 Dawes Street, Wentworthville NSW 2145

9 Dawes Street, Wentworthville NSW 2145

10 Dawes Street, Wentworthville NSW 2145

11 Dawes Street, Wentworthville NSW 2145

12 Dawes Street, Wentworthville NSW 2145

13 Dawes Street, Wentworthville NSW 2145

14 Dawes Street, Wentworthville NSW 2145

15 Dawes Street, Wentworthville NSW 2145

16 Dawes Street, Wentworthville NSW 2145

17 Dawes Street, Wentworthville NSW 2145

19 Dawes Street, Wentworthville NSW 2145

432 Great Western Hwy, Wentworthville NSW 2145

430b Great Western Hwy, Wentworthville NSW 2145

3 Jewelsford Street, Wentworthville NSW 2145

5 Jewelsford Street, Wentworthville NSW 2145

7 Jewelsford Street, Wentworthville NSW 2145

9 Jewelsford Street, Wentworthville NSW 2145

11 Jewelsford Street, Wentworthville NSW 2145

13 Jewelsford Street, Wentworthville NSW 2145

15 Jewelsford Street, Wentworthville NSW 2145

17 Jewelsford Street, Wentworthville NSW 2145

19 Jewelsford Street, Wentworthville NSW 2145

21 Jewelsford Street, Wentworthville NSW 2145

25 Jewelsford Street, Wentworthville NSW 2145

27 Jewelsford Street, Wentworthville NSW 2145

31 Jewelsford Street, Wentworthville NSW 2145

76 Smith Street, Wentworthville NSW 2145

78 Smith Street, Wentworthville NSW 2145

80 Smith Street, Wentworthville NSW 2145

51 Smith Street, Wentworthville NSW 2145

70 Smith Street, Wentworthville NSW 2145

72 Smith Street, Wentworthville NSW 2145

74 Smith Street, Wentworthville NSW 2145

68 Smith Street, Wentworthville NSW 2145

22 Contingent assets and contingent liabilities

The directors are of the opinion that provisions are not required in respect of these matters, as it is not probable that a future sacrifice of economic benefits will be required or the amount is not capable of reliable measurement.

31 December 2024 26 December 2023

23 Members guarantee

The Company is limited by guarantee. 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. At 31 December 2024, the number of members were 80,745 (2023: 70,373).

24 Auditor’s remuneration

The auditor of Wentworthville Leagues Club Limited is Ernst & Young (Australia) in 2024 and 2023.

25 Events subsequent to reporting date

There have been no events subsequent to reporting date which would have a material effect on the Club’s financial statements at 31 December 2024.

CONSOLIDATED ENTITY DISCLOSURE STATEMENT

Disclosure of subsidiaries and their country of tax residency, as required by the Corporations Act 2001, does not apply to the Club as the Club is not required by accounting standards to prepare consolidated financial statements.

DIRECTORS’ DECLARATION

In the opinion of the directors of Wentworthville Leagues Club Limited (the Company):

(a) The financial statements are in accordance with the Corporations Act 2001, including:

(i) giving a true and fair view of its financial position as at 31 December 2024 and performance for the period ended on that date; and

(ii) complying with Australian Accounting Standards – Simplified Disclosures and the Corporations Regulations 2001.

(b) There are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

(c) The consolidated entity disclosure on page 31 required by section 293(3A) of the Corporations Act is true and correct.

Signed in accordance with a resolution of directors.

Ian McCann Director

Dated 16th April 2025 at Wentworthville

AUDIT REPORT

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

Independent auditor’s report to the members of Wentworthville Leagues Club Limited

Opinion

Independent auditor’s report to the members of Wentworthville Leagues Club Limited

We have audited the financial report of Wentworthville Leagues Club Limited (the Company), which comprises the statement of financial position as at 31 December 2024 , the statement of comprehensive income, statement of changes in equity and statement of cash flows for the 53 weeks then ended, notes to the financial statements, including material accounting policy information , the consolidated entity disclosure statement and the directors’ declaration.

Opinion

In our opinion, the accompanying financial report of the Company is in accordance with the Corporations Act 2001 , including:

We have audited the financial report of Wentworthville Leagues Club Limited (the Company), which comprises the statement of financial position as at 31 December 2024 , the statement of comprehensive income, statement of changes in equity and statement of cash flows for the 53 weeks then ended, notes to the financial statements, including material accounting policy information , the consolidated entity disclosure statement and the directors’ declaration.

a. G iving a true and fair view of the Company ’s financial position as at 31 December 2024 and of its financial performance for the 53 weeks ended on that date; and

In our opinion, the accompanying financial report of the Company is in accordance with the Corporations Act 2001 , including:

b. Complying with Australian Accounting Standards – Simplified Disclosures and the Corporations Regulations 2001

a. G iving a true and fair view of the Company ’s financial position as at 31 December 2024 and of its financial performance for the 53 weeks ended on that date; and

Basis for opinion

b. Complying with Australian Accounting Standards – Simplified Disclosures and the Corporations Regulations 2001.

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 Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (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.

Information other than the financial report and auditor’s report thereon

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 Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (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.

The directors are responsible for the other information. The other information is the directors’ report accompanying the financial report.

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

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

Information other than the financial report and auditor’s report thereon

The directors are responsible for the other information. The other information is the directors’ report accompanying the financial report.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit o r otherwise appears to be materially misstated.

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit o r otherwise appears to be materially misstated.

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

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the directors for the financial report

The directors of the Club are responsible for the preparation of:

► The financial report (other than the consolidated entity disclosure statement) that gives a true and fair view in accordance with Australian Accounting Standards – Simplified Disclosures and the Corporations Act 2001 ; and

Independent auditor’s report to the members of Wentworthville Leagues Club Limited

Opinion

► The consolidated entity disclosure statement that is true and correct in accordance with the Corporations Act 2001; and for such internal control as the directors determine is necessary to enable the preparation of:

► The financial report (other than the consolidated entity disclosure statement) that gives a true and fair view and is free from material misstatement, whether due to fraud or error; and

We have audited the financial report of Wentworthville Leagues Club Limited (the Company), which comprises the statement of financial position as at 31 December 2024 , the statement of comprehensive income, statement of changes in equity and statement of cash flows for the 53 weeks then ended, notes to the financial statements, including material accounting policy information , the consolidated entity disclosure statement and the directors’ declaration.

► The consolidated entity disclosure statement that is true and correct and is free of misstatement, whether due to fraud or error.

In our opinion, the accompanying financial report of the Company is in accordance with the Corporations Act 2001 , including:

a. G iving a true and fair view of the Company ’s financial position as at 31 December 2024 and of its financial performance for the 53 weeks ended on that date; and

In preparing the financial report, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters relating to going concern and using the going concern basis of accounting unless the dir ectors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

b. Complying with Australian Accounting Standards – Simplified Disclosures and the Corporations Regulations 2001.

Auditor’s

responsibilities for the audit of the financial

report

Basis for opinion

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 le vel 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.

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 Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (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.

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

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

Information other than the financial report and auditor’s report thereon

The directors are responsible for the other information. The other information is the directors’ report accompanying the financial report.

► 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 fo r 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.

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

► 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 Company’s internal control.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit o r otherwise appears to be materially misstated.

► Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

AUDIT REPORT CONTINUED

Conclude on the appropriateness of the directors’ 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 Company’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 o pinion. 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 Company to cease to continue as a going concern.

Independent auditor’s report to the members of Wentworthville Leagues Club Limited

► 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.

► Conclude on the appropriateness of the directors’ 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 Company’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 o pinion. 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 Company to cease to continue as a going concern.

Opinion

► 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 directors 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.

We have audited the financial report of Wentworthville Leagues Club Limited (the Company), which comprises the statement of financial position as at 31 December 2024 , the statement of comprehensive income, statement of changes in equity and statement of cash flows for the 53 weeks then ended, notes to the financial statements, including material accounting policy information , the consolidated entity disclosure statement and the directors’ declaration.

We communicate with the directors 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.

In our opinion, the accompanying financial report of the Company is in accordance with the Corporations Act 2001 , including:

Ernst & Young

a. G iving a true and fair view of the Company ’s financial position as at 31 December 2024 and of its financial performance for the 53 weeks ended on that date; and

b. Complying with Australian Accounting Standards – Simplified Disclosures and the Corporations Regulations 2001.

Basis for opinion

Daniel Cunningham Partner

Sydney 16 April 2025

Ernst & Young Daniel Cunningham Partner

Sydney

16 April 2025

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 Company in accordance with the auditor independence requirements of the Corporations Act 2001 and the ethical requirements of the Accounting Professional and Ethical Standards Board’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (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.

Information other than the financial report and auditor’s report thereon

The directors are responsible for the other information. The other information is the directors’ report accompanying the financial report.

Our opinion on the financial report does not cover the other information and accordingly we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit o r otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.