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ANNUAL R E P O RT 2017-2018

WEST TAMWORTH LEAGUE CLUB LTD ABN 26 001 037 832


WESTS’ BOARD OF DIRECTORS

Maxwell Sharpe President

Terry Psarakis Vice President

Wally Franklin Director

James Treloar Director

Robert Both Director

Rod Laing Chief Executive Officer

HONORARY LIFE MEMBERS + Edward Harrison

+ Pat McKinnon

+ Joan Chillingworth

+ Augustus Yates

+ S.H (Lee) Allen

John McClelland

+ John Hinkelbein

+ John Kelly

+ Jack McGilvray

+ Albert Lee

+ M. McKinnon

Max Sharpe

+ John Meincke

+ L. Bettison

Rod Laing

+ Ken Chillingworth

+ Stan Cole

Dennis Gross

+ Jack Bradley

+ Len Walters

Alice Edmunds

+ Norm Young

+ Reg Cognet

Ken Thompson

+ Jack Whitmore

+ Nita Blake

+ Adrian Solomons

+ Dennis Condon

+ Member Deceased

2017/2018 AT A GLANCE Income

$24.9m Increase 12.54%

Net Assets

$27m 2

Chris Watson Director

Operating Profit (Before provisions, finance costs and extra-ordinary revenue items)

$2.693m

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

Opened The Terrace & The Patio Commenced Construction Wests Events Centre Members 21,283


PRESIDENT’S REPORT Dear members This is my first president’s report for the Wests Entertainment Group. It is my pleasure to present the club’s annual report for the financial year ending June 2018. This report is to be considered at the Annual General Meeting (AGM) to be held on Tuesday 27 November 2018 at Wests, Phillip Street commencing at 6.30pm. My first report will also be my last as I will be retiring from the board and therefore will not seek re-election in November. I will be relocating to Queensland with my wife Helen. I would like to take this opportunity to publicly thank Helen for her support and for being my rock. It certainly has been my privilege to be a board member of the Wests Entertainment Group for the last 23 years including 22 years as treasurer and a year as president. Over those 23 years I have made a lot of friends, both current and past board members, management and staff and of course, our members. We have gone through good times as well as tough times but have always come out on top. The secret of our success (which really is no secret at all) is we simply work as a team supporting each other using careful and concise decision making. The past 12-months, like the previous 12-months, have been extremely challenging for clubs with the current drought situation (which shows no signs of letting up), higher utility costs, rising petrol prices and increased competition from various hospitality providers. This year’s results include a combined result from Wests, Wests’ Diggers, The Courts @ East and Mercure Tamworth. Our combined businesses recorded an operating profit before provisions and finance costs of $2.693 million, a very good result. Due to our loans, interest charges this year have contributed to a net loss of $652,417 after provisions and finance costs. Finance costs will continue to impact on the bottom line in future years due to the structure of the loans.

second round and if successful will see the tennis courts and surrounds completely upgraded. This development will provide championship tennis courts to Tamworth thus attracting major tournaments. The club house will be next on the agenda for a refurbishment. Sadly, a year does not pass without the loss of someone near and dear to us. The group extends its deepest sympathies to our members who have lost loved ones this year. I would like to pay tribute to Nita Blake who passed away in April. Nita was a life member of Wests and she gave so much of her time volunteering for the ladies auxiliary and the Robins Rugby League Club. In fact, our CEO and Nita spent a lot of time together years ago organising and running children’s events for our club. Nita will be sadly missed. It would be remiss of me not to make mention of the group’s bankers Westpac and our auditors Forsyths. To senior commercial manager Phil Salvestrin, principals Paul Cornall and Mark Slack-Smith thank you for your support over the years. Finally, as I reflect on my 23 years of being a board member, treasurer and president of Wests Entertainment Group, I am so proud to be part of a wonderful team that has achieved so much. To Rod Laing, Eileen Smyth and Michelle Bullock thank you for your support. I know at times I can be very demanding but I do appreciate everything you do. Before I sign off one last time, I would like to thank our membership for your patronage. The board always welcomes your feedback. Remember it’s your club use it. I look forward to seeing you at the Annual General Meeting.

Max Sharpe President

The turnover for the group, which now includes three clubs and the Mercure hotel, is $24.961 million up 12.54% on the previous year. These results don’t just happen by themselves. These results are achieved by teamwork. This team includes my fellow board members, who at times make difficult decisions, and the management team making the board decisions into a reality as well as the entire group’s staff who go above and beyond to provide great customer service. I thank all these people on a job well done. The group plays a major role in financially supporting your community. This year has been no exception as we supported 150+ individuals, community groups and sporting bodies both in-kind and financially. We have always been strong believers of being involved in the community in which we do business. The recent successes from Scully Park Regional Sporting Precinct just keep coming with the NRL premiership game between Wests Tigers and Newcastle Knights being a sell-out, the Country Rugby Championships and more recently the Hay Mate: Buy a Bay outdoor concert with John Farnham and supporting Rural Aid. The Tigers are heading back to Scully Park next year and management is currently in negotiations with a major international artist to perform here as well. Our building program continues as works near completion of the Wests Event Centre, this venue is located next to the hotel and will be the perfect place for weddings, seminars and the like. This building program has seen the hotel, Legends Terrace, with Tamworth’s largest outdoor screen, and Banjos Patio with a children’s play area completed. The building program may very well continue into the future as attention has now turned to The Courts. Wests Entertainment Group, Tennis NSW and Tamworth Regional Council have formally submitted a proposal for funding to the NSW Government. We have made it through to the WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

3


CHIEF EXECUTIVE OFFICER’S REPORT Dear members On behalf of our board of directors, management and staff, I thank you for your continued patronage and loyalty to our clubs. As another financial year comes to an end, it is my pleasure to submit the 57th annual report and balance sheets for the year ending June 30, 2018.

Every day we strive to deliver exceptional service, everything we do starts with people. Our talented team is a very important part of the equation – we are blessed to have this team. Please accept my welldeserved thanks.

As I write this report, we are currently experiencing perhaps our worst drought in history, certainly in my lifetime. This drought will be remembered for a longtime as the worst.

This year’s Annual General Meeting will be the end of an era with the retirement of long-serving board member, treasurer and current president, Max Sharpe. I am honoured to call Max a friend and I have appreciated his support over the last 23 years.

Most of the effects of this drought are yet to be widely experienced, and unfortunately, will be negatively felt in almost all sectors of local businesses. It’s not just rural and ag businesses taking the full brunt. I am sorry to say the impact of the drought will be felt far and wide throughout local communities for a long time to come. In these challenging times, financially the group has recorded a good result. An operating profit of $2.693 million before provisions and finance costs and a net loss of $652,417 were recorded. This is mainly due solely to finance costs and loans. Wests’ trading has been outstanding resulting in an operating profit of $1.854 million before provisions and finance costs, while Diggers returned an operating profit of $563,318. The Courts @ East produced a loss of $132,781 while the Mercure Tamworth had an operating profit of $409,330. The 2018 financial year was a strong and demanding year for the group. Our performance reinforces our belief that we have the right strategy in place as we pursue our mission to be financially successful through great people consistently delivering outstanding hospitality in a welcoming atmosphere, making every member loyal. There have been many highlights in the past 12-months and to single out just a couple certainly does not do justice. The 2018 Quality Business Awards saw Mercure Tamworth win the category Excellence in Customer Service in Accommodation. Congratulations to the entire Mercure Tamworth team. The success of Scully Park speaks for itself. In just a short period this boutique stadium has become an icon. An NRL premiership game with the Tigers and Knights, a Country Rugby Championship game, BrewFest, the Hay Mate: Buy a Bale – A Concert for the Farmers with John Farnham and not to forget local rugby league and soccer (football). Trent Madams and his team do a wonderful job on presenting the venue as a world-class facility. Our building program continues with the soon to be completed Wests Event Centre later this year. This will be a popular venue for weddings and conferences. The switchboard and power upgrade at The Courts has been finished. This upgrade will make way for future refurbishments to the club house and tennis courts. The board and management have been working on plans for The Courts and although they are not yet finalised, it is hoped that later this year we can have them on display for member comment. Our tennis club members can expect something very exciting, different and organic. Back at Wests, in addition to the new and very well patronised outdoor areas, another successful project has also been completed this being our Solar Power project. Wests now has 1451 solar panels that are making our energy during a sunny day. It is estimated we will save 33% on our power bills. This is welcomed as electricity cost increases is prohibiting growth in our industry. Our executive team remained laser-focused on becoming brilliant with the basics, and they continue to create exceptional member experiences. To Eileen Smyth, Geoff Shanley and Peter Carlyle thank you for your involvement during this successful year. Behind the scenes executive assistant, Michelle Bullock supports both the board and managers. Thank you, Michelle. To the supporting management team and venue managers, congratulations on a great year.

4

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

Max has always put the club first and listened to any ideas put forward by members, board and management carefully and acted appropriately regarding any decisions. Max was a former bank manager and therefore the expertise that he brought to the table was invaluable. Max, affectionately known as the ‘money man’, has been a huge part of the Wests Entertainment Group success. He has worked tirelessly on all our building projects ensuring they stayed on budget. May I extend my congratulations to Max and wish both Max and his wife, Helen a happy and healthy retirement and thank you Max for those rollercoaster rides. In honour of Max’s contribution, a new meeting room in our hotel complex was named the Max Sharpe room. Again may I express my sincere thanks to the board, this year led by Max Sharpe, for their ongoing support. It certainly has been a busy year. Next year and beyond are also shaping up to be busy years. There are still a number of projects that need to commence along with a number of board discussions concerning business offers and new ventures that will be debated in the boardroom. Last December’s successful Christmas Day trading will again see Wests open on Christmas Day for a few hours hosting the popular Christmas buffet lunch. Finally, I cannot end this report without expressing once again my appreciation to all members who continue on a daily basis to support our clubs. Our focus is still looking after our members, their club and the community we serve. I trust you will see that this report confirms the commitment of the Wests Entertainment Group to its members and the wider community. I look forward to seeing you at the Annual General Meeting on Tuesday 27 November 2018.

Rod Laing Chief Executive Officer


DIRECTORS’ REPORT Your directors in office at any time during, or since the end of, the year are: Names Maxwell Sharpe Terry Psarakis Robert Both James Treloar John McClelland Chris Watson Ken Thompson Wally Franklin

Position President Vice President Director Director Director Director Director Director

Appointed/Resigned

Elected 28 November 2017 Retired 28 November 2017 Vacated 1 December 2017

Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. COMPANY SECRETARY Mr Rodney John Laing held the position of the company secretary at the end of the financial year. PRINCIPAL ACTIVITIES The principal activities of West Tamworth League Club Limited during the financial year were:  

Operating a Licensed Club including the activities of liquor, gaming, catering, sports, community, the provision of entertainment and hotel operations; Providing facilities for members.

The only significant change in the nature of these activities that occurred during the year was the commencement of hotel operations. OBJECTIVES AND STRATEGIES Objectives The short-term objectives of the Club are capital improvements to facilities and the enhancement of the customer experience through products and services. The Company strives as a matter of priority to be a responsible provider of products within the community. The long term objectives of the Company are to provide facilities and entertainment for its members and support to the wider community through provision of amenities for sport and recreation. The Company assists in the promotion of rugby league and through its memorandum of amalgamation supports the traditions of the RSL movement and the sport of tennis. Strategies The strategies to meet these objectives are centred on maintenance of existing operations with the development of new enhanced facilities and amenities. Core activities were the consistent provision of service and entertainment to the membership and community support. Performance Measures The Company regularly measures its performance through budgetary control and individual KPI’s placed on projects or areas of operations. Monthly the Club benchmarks its performance including earnings before interest, tax, depreciation and amortisation (EBITDA) against other clubs. DIRECTOR INFORMATION Name

Position

Qualifications

Experience

Special Responsibilities

Maxwell Sharpe

President

Company Director

23 years as Director

Membership Committee, Finance Committee, Sponsorship Committee

Terry Psarakis

Vice President

Accountant

8 years as Director

Finance Committee

Robert Both

Director

Retired

21 years as Director

James Treloar

Director

Farmer

1 year as Director

John McClelland

Director

Retired

32.1 years as Director

Chris Watson

Director

Business Partner

4 years as Director

Ken Thompson

Director

Retired

1 year as Director

Wally Franklin

Director

Retired

1.6 years as Director

Membership Committee , Sponsorship Committee Membership Committee, Finance Committee

Sponsorship Committee

Sponsorship Committee

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

5


Meetings of Directors During the financial year, 37 meetings of directors (including committees of directors) were held. Meetings of Directors Attendances by each director during the year were as follows: During the financial year, 37 meetings of directors (including committees of directors) were held. Committee Membership Committee Attendances by each director duringMeetings the year were asSponsorship follows: Directors' Meetings Meetings

Maxwell Sharpe Terry Psarakis Maxwell Sharpe Robert Both Terry JamesPsarakis Treloar Robert Both John McClelland James Treloar Chris Watson John McClelland Ken Thompson

Finance Committee Meetings

Eligible to Number Directors' Meetings attend attended

Sponsorship Committee Eligible to Number attendMeetings attended

Membership Committee Eligible to Number attendMeetings attended

Finance Eligible to Committee Number attendMeetings attended

12 to Eligible attend 12

12 Number attended 11

5 to Eligible attend -

5 Number attended -

12 to Eligible attend -

12 Number attended -

1 to Eligible attend 1

1 Number attended 1

12 12 12 8

12 12 11 8

5 12 --

5 12 --

12 8 8-

12 8 6-

11-

11-

12 4 8 12

12 4 8 9

12 12

12 9-

8 4 8-

8 4 6-

---

---

4 5 12 12

4 4 9 8

-12 7

-9 4

4 4 --

4 4 --

---

---

Chris WallyWatson Franklin Ken Thompson 5 4 4 4 Incorporation and Member's Guarantee Wally Franklin 12 8 7 4 The Club is incorporated under the Corporations Act 2001 as a company limited by guarantee. If the Club is wound up, theGuarantee Constitution states that each member is required to contribute a maximum of $4 towards meeting any Incorporation and Member's outstanding obligations of the club. At 30 June 2018 the number of members was (2017: 21,429). The Club is incorporated under the Corporations Act 2001 as a company limited by 21,283 guarantee. If the Club is wound up, the Constitution states that each member is required to contribute a maximum of $4 towards meeting any Auditor's Independence Declaration outstanding obligations of the club. At 30 June 2018 the number of members was 21,283 (2017: 21,429). A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out at page 6. Auditor's Independence Declaration Non-Core Property A copy of the auditor's independence declaration as required under section 307C of the Corporations Act 2001 is set out at page 6. Non-core property is disclosed in Note 25. Non-Core Property Non-core property is disclosed in Note 25. Signed in accordance with a resolution of the Board of Directors: Signed in accordance with a resolution of the Board of Directors:

Director Maxwell Sharpe Dated 26 September 2018 Director

AUDITOR’S

Maxwell Sharpe INDEPENDENCE DECLARATION Dated 26 September 2018

Director Terry Psarakis Director Terry Psarakis

Auditors Independence Declaration under Section 307C of the Corporations Act 2001 AUDITOR’S INDEPENDENCE DECLARATION AUDITOR’S INDEPENDENCE DECLARATION

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2018 there have been: Auditors Independence Declaration under Section 307C of the Corporations Act 2001 (i) no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and I declare that, to the best of my knowledge and belief, during the year ended 30 June 2018 there have been: (ii) (i)

no contraventions of any applicable code of professional conduct in relation to the audit. no contraventions of the auditor independence requirements as set out in the Corporations Act 2001 in relation to the audit; and

(ii)

no contraventions of any applicable code of professional conduct in relation to the audit. Paul Cornall Principal 26 September Paul Cornall 2018

Principal 92 St, 2018 26 Rusden September Armidale NSW 2350 P 2 6773 92+61 Rusden St,8400 fArmidale +61 2 6772 9957 NSW 2350 e armidale@forsyths.com.au P +61 2 6773 8400 ABN 935 296 22 f +6124 2 6772 9957 e armidale@forsyths.com.au ABN 24 935 296 22

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WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018


WESTS, WESTS’ DIGGERS & THE COURTS @ EAST ANNUAL REPORT 2016 - 2017

7


STATEMENT OFPROFIT PROFIT OR AND LOSS ANDCOMPREHENSIVE OTHER COMPREHENSIVE INCOME STATEMENT OF OR LOSS OTHER INCOME STATEMENT OF30PROFIT For the Year Ended June 2018OR LOSS AND OTHER COMPREHENSIVE INCOME

2018 $ 2018 $ 24,953,212 (5,831,976) 24,953,212 19,121,236 (5,831,976) 8,713 19,121,236 (1,823,856) 8,713 (273,106) (1,823,856) (3,085,365) (273,106) (805,244) (3,085,365) (9,773,598) (805,244) (2,767,700) (9,773,598) (1,253,497) (2,767,700) (652,417) (1,253,497) (652,417) (652,417)-

2017 $ 2017 $ 22,164,849 (5,247,605) 22,164,849 16,917,244 (5,247,605) 1,147,050 16,917,244 (1,643,247) 1,147,050 (204,675) (1,643,247) (2,697,655) (204,675) (888,416) (2,697,655) (8,375,751) (888,416) (2,243,101) (8,375,751) (856,283) (2,243,101) 1,155,166 (856,283) 1,155,166 1,155,166-

Other comprehensive income Profit for the year

(652,417)-

1,155,166-

Total comprehensive Other comprehensiveincome incomefor the year

(652,417)-

1,155,166-

Total comprehensive income for the year

(652,417)

1,155,166

2018 $ 2018 $

2017 $ 2017 $

7 8 7 9 8 10 9 10

2,107,177 226,018 2,107,177 277,145 226,018 378,543 277,145 2,988,883 378,543 2,988,883

3,021,570 119,299 3,021,570 235,854 119,299 266,080 235,854 3,642,803 266,080 3,642,803

Property, plant and equipment Non-current assets Intangible assets Property, plant and equipment Total non-current assets Intangible assets

11 12 11 12

44,821,832 983,615 44,821,832 45,805,447 983,615 48,794,330 45,805,447 48,794,330

43,235,888 983,615 43,235,888 44,219,503 983,615 47,862,306 44,219,503 47,862,306

Trade and benefits other payables Employee Borrowings Total current liabilities Employee benefits

13 14 13 15 14 15

1,891,928 460,180 1,891,928 1,343,757 460,180 3,695,865 1,343,757 3,695,865

2,112,223 318,763 2,112,223 1,294,917 318,763 3,725,903 1,294,917 3,725,903

14

17,741,303 17,741,303 17,741,303 21,437,168 17,741,303 21,437,168 27,357,162

16,126,824 16,126,824 16,126,824 19,852,727 16,126,824 19,852,727 28,009,579

NET ASSETS EQUITY

Reserves EQUITY Retained earnings Reserves Retained earnings TOTAL EQUITY

27,357,162 6,459,878 20,897,284 6,459,878 20,897,284 27,357,162

28,009,579 6,459,878 21,549,701 6,459,878 21,549,701 28,009,579

TOTAL EQUITY

27,357,162

28,009,579

For the Year Ended 30 June 2018 Sales revenue Cost of sales Sales Grossrevenue profit Cost of sales Other income Gross profit Marketing expenses Other income Occupancy costs Marketing expenses Administrative expenses Occupancy costs Entertainment costs Administrative Operating costsexpenses Entertainment Other expensescosts Operating costs Finance costs Other expenses Profit Financebefore costs income tax Income tax expense

Profit before income tax Profit for year Income taxthe expense

Note Note 2 3 2 3 2 2

4 4

STATEMENT OF FINANCIAL POSITION

STATEMENT OF FINANCIAL POSITION STATEMENT OF POSITION For the year ended 30FINANCIAL June 2018 For the year ended 30 June 2018 ASSETS

Current assets ASSETS Cash and cash equivalents Current Trade andassets other receivables Cash and cash equivalents Inventories Trade other receivables Other and assets Inventories Total current assets Other assets

Total currentassets assets Non-current

TOTAL ASSETS Total non-current assets TOTAL ASSETS LIABILITIES Current liabilities LIABILITIES Trade and other payables Current liabilities Borrowings

Total currentliabilities liabilities Non-current Borrowings

Non-current liabilities Total non-current liabilities Borrowings TOTAL LIABILITIES Total non-current liabilities TOTAL LIABILITIES NET ASSETS

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WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

Note Note

14


STATEMENT OFCHANGES CHANGES IN EQUITY STATEMENT OF IN EQUITY STATEMENT OF CHANGES IN EQUITY For the Year Ended 30 June 2018 For the Year Ended 30 June 2018

2018 2018

Retained Earnings Retained Earnings $

Asset Revaluation Asset Reserve Revaluation Reserve$

Total Total $

Balance at 1 July 2017 Balancefor atthe 1 July 2017 Deficit year

21,549,701$ 21,549,701 (652,417)

6,459,878$ 6,459,878-

28,009,579$ 28,009,579 (652,417)

Deficit for the year

(652,417) 20,897,284 20,897,284

6,459,878 6,459,878

(652,417) 27,357,162 27,357,162

Retained Earnings Retained Earnings$

Asset Revaluation Asset Reserve Revaluation Reserve$

Total Total $

$ 20,394,535 1,155,166 20,394,535 1,155,166 21,549,701 21,549,701

$ 6,459,878 6,459,8786,459,878 6,459,878

$ 26,854,413 1,155,166 26,854,413 1,155,166 28,009,579 28,009,579

Balance at 30 June 2018 Balance at 30 June 2018 2017 2017

Balance at 1 July 2016 Profit foratthe year2016 Balance 1 July Profit for the year

Balance at 30 June 2017 Balance at 30 June 2017

STATEMENT OF CASHFLOWS STATEMENT OF STATEMENT OFCASHFLOWS CASHFLOWS For the Year Ended 30 June 2018 For the Year Ended 30 June 2018

Cash from operating activities: Cash from operating activities:

Note Note

Receipts from customers Payments to suppliers and employees Receipts from customers Interest received Payments to suppliers and employees Finance Interest costs received Finance costs

Net cash provided by (used in) operating activities Net cash provided by (used in) operating activities

21 21

Cash flows from investing activities: Cash flows from activities: Proceeds from saleinvesting of plant and equipment Proceeds to from sale of plant andassets equipment Payment acquire intangible intangibleplant assetsand equipment Payment to acquire property, Payment to acquire property, plant and equipment Cash acquired on amalgamation Cash acquired on amalgamation

Net cash (used by) investing activities Net cash (used by) investing activities Cash flows from financing activities: Proceeds of drawdowns of loans Cash flows from financing activities:

21 21

Proceeds of drawdowns of loans

Net cash used by financing activities Net cash used by financing activities Net cash increase (decreases) in cash and cash equivalents Cash and cash equivalents at beginning of year Net cash increase (decreases) in cash and cash equivalents Cash and cash equivalents at beginning of year

Cash and cash equivalents at end of year Cash and cash equivalents at end of year

7 7

2018 2018$ $

2017 2017$ $

27,331,142 (25,181,091) 27,331,142 8,713 (25,181,091) (1,253,497) 8,713 (1,253,497) 905,267 905,267

24,375,748 (21,638,952) 24,375,748 14,916 (21,638,952) (856,283) 14,916 (856,283) 1,895,429 1,895,429

517,386 517,386-

331,533 331,533 (60,803) (60,803) (10,000,327)

(4,092,942)(4,092,942)(3,575,556) (3,575,556)

(10,000,327) 44,234 44,234 (9,685,363) (9,685,363)

1,755,896 1,755,896 1,755,896 1,755,896

5,927,637 5,927,637 5,927,637 5,927,637

(914,393) 3,021,570 (914,393) 3,021,570

(1,862,297) 4,883,867 (1,862,297) 4,883,867

2,107,177 2,107,177

3,021,570 3,021,570

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

9


NOTES TO THE FINANCIAL STATEMENTS 1. Summary of Significant Accounting Policies (a) General information The financial statements are for West Tamworth League Club Limited as an individual entity, incorporated and domiciled in Australia. West Tamworth League Club Limited is a Company limited by guarantee. (b) Basis of preparation The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards, Australian Accounting Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions to which they apply. Compliance with Australian Accounting Standards ensures that the financial statements and notes also comply with International Financial Reporting Standards. Material accounting policies adopted in the preparation of these financial statements are presented below. They have been consistently applied unless otherwise stated. The financial statements have been prepared on an accruals basis and are based on historical costs modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. (c)

Tamworth Tennis Club Ltd Amalgamation

On 8 December 2016 the Company amalgamated with the Tamworth Tennis Club Ltd (TTC) taking control of all TTC's assets for nil consideration. The Company has recognised this amalgamation by applying the acquisition method where the Company is the acquiring entity. The acquisition date under this method is the date that the acquiring entity obtained control over the acquired entity. The fair values of identifiable assets acquired are recognised in the financial statements at the amalgamation date. These include cash, stock, property plant and equipment. A gain on amalgamation of $1,132,134 has been recognised in the Statement of Profit or Loss and Other Comprehensive Income for the 2017 comparative financial year as the Company acquired the assets for nil consideration and the fair value of assets acquired was $1,132,134. All amalgamation-related costs have been recognised as expenses in the period in which the costs are incurred. (d)

Revenue

Revenue from the sale of goods is recognised at the point of delivery as this corresponds to the transfer of significant risks and rewards of ownership of the goods and the cessation of all involvement in those goods. Interest revenue is recognised on a proportional basis taking into account the interest rate applicable to the financial assets. Revenue from the rendering of a service is recognised upon the delivery of the service to the customers. Grants are recognised at their fair value when it is received. All revenue is stated net of the amount of goods and services tax (GST). (e)

Income taxes

The income tax expense/ (income) for the year comprises current income tax expense/ (income) and deferred tax expense/ (income). The Income Tax Act 1997 (as amended) provides that under the concept of member mutuality, clubs are only liable for income tax derived from non-members. Current income tax expense charged to the profit or loss is the tax payable on taxable income calculated using applicable income tax rates enacted, or substantially enacted, as at reporting date. Current tax liabilities/ (assets) are therefore measured at the amounts expected to be paid to/ (recovered from) the relevant taxation authority. Deferred income tax expense reflects movements in deferred tax asset and deferred tax liability balances during the year as well as unused tax losses. Current and deferred income tax expense/ (income) is charged or credited directly to equity instead of the profit or loss when the tax relates to items that are credited or charged directly to equity. Deferred tax assets and liabilities are ascertained based on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. Deferred tax assets also result where amounts have been fully expensed but future tax deductions are available. No deferred income tax will be recognised from the initial recognition of an asset or liability, excluding a business combination, where there is no effect on accounting or taxable profit or loss. Deferred tax assets and liabilities are calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled, based on tax rates enacted or substantively enacted at reporting date. Their measurement also reflects the manner in which management expects to recover or settle the carrying amount of the related asset or liability. Deferred tax assets relating to temporary differences and unused tax losses are recognised only to the extent that it is probable that future taxable profit will be available against which the benefits of the deferred tax asset can be utilised.

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WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018


(f) Leases Finance leases Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, are transferred to the Company are classified as finance leases. Finance leases are capitalised, recording an asset and a liability equal to the present value of the minimum lease payments, including any guaranteed residual values. Leased assets are depreciated on a straight-line basis over their estimated useful lives. Lease payments are allocated between the reduction of the lease liability and the lease interest expense for the period. Operating leases Lease payments for operating leases, where substantially all of the risks and benefits remain with the lessor, are charged as expenses on a straight-line basis over the life of the lease term. (g) Cash and cash equivalents Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within short-term borrowings in current liabilities on the statement of financial position. (h) Inventories Inventories are measured at the lower of cost and net realisable value. (i)

Property, plant and equipment

Each class of property, plant and equipment is carried at cost less, where applicable, any accumulated depreciation and impairment losses. Property Freehold land and buildings are shown at their cost less, where applicable, any accumulated depreciation and impairment losses. Plant and equipment Plant and equipment are measured on the cost basis. The carrying amount of plant and equipment is reviewed annually by directors to ensure it is not in excess of the recoverable amount from these assets. The recoverable amount of plant and equipment for not-for-profit entities is the current replacement cost discounted to current asset condition. Depreciation The depreciable amount of all fixed assets including buildings but excluding freehold land, is depreciated on a straight line basis over the asset's useful life to the Company commencing from the time the asset is held ready for use. The depreciation rates used for each class of depreciable assets are: Class of Fixed Asset Buildings and Improvements Plant and Equipment Furniture, Fixtures and Fittings Poker Machines Motor Vehicles Office Equipment

1.0% 10.0 - 20.0% 7.5 - 15.0% 27.0% 23.0% 10.0 - 30.0%

The assets' residual values and useful lives are reviewed, and adjusted if appropriate, at each balance sheet date. (j)

Intangible assets

Poker Machine Entitlements The Company, as a result of state legislation, received for no cost, poker machine entitlements for those machines it held at the time the legislation was enacted. These entitlements can be sold should the Company decide to reduce or cease its poker machine activities. The Company has not recorded these initial poker machine entitlements in the financial statements as there was no fair value on acquisition of these entitlements and there is not a sufficiently deep and active market to determine changes in fair value as required by accounting standards. The Company has subsequently acquired a number of poker machine entitlements which were recognised at cost upon acquisition. In the 2017 financial year a number of entitlements were acquired for nil consideration as a result of the amalgamation with the Tamworth Tennis Club. As required by accounting standards, their acquisition fair value was determined by a broker involved in poker machine entitlement trading. Poker machine entitlements are considered to have an indefinite life and as a result entitlements acquired and capitalised since the legislation was enacted have not been amortised. Poker machine entitlements are tested for impairment annually or more frequently if events or changes in circumstances indicate that the poker machine entitlements might be impaired, and are carried at cost less accumulated impairment losses.

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

11


(k) Financial Instruments Recognition and Initial Measurement Financial instruments are initially measured at cost on trade date, which includes transaction costs, when the related contractual rights or obligations exist. Subsequent to initial recognition these instruments are measured as set out below. Classification and Subsequent Measurement Loans and receivables Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are subsequently measured at amortised cost using the effective interest rate method. Financial liabilities Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal payments and amortisation. (l) Employee benefits Provision is made for the Company's liability for employee benefits arising from services rendered by employees to balance date. Employee benefits that are expected to be settled within one year have been measured at the amounts expected to be paid when the liability is settled. Employee benefits payable later than one year have been measured at present value of the estimated future cash outflows to be made for those benefits. (m) Borrowing Costs Borrowing costs are recognised in the income statement of profit or loss and other comprehensive income in the period in which they are incurred. (n) Trade and other payables Trade and other payables represent the liability outstanding at the end of the reporting period for goods and services received by the Company during the reporting period which remain unpaid. The balance is recognised as a current liability. (o)

Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the statement of financial position are shown inclusive of GST. Cash flows are presented in the statement of cash flows on a gross basis, except for the GST component of investing and financing activities, which are disclosed as operating cash flows. (p)

Comparatives

When required by Accounting Standards, comparative figures have been adjusted to conform to changes in presentation for the current financial year. (q)

Critical accounting estimates and judgments

The directors evaluate estimates and judgments incorporated into the financial statements based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and based on current trends and economic data, obtained both externally and within the company. Key estimates - impairment of plant and equipment The Company assesses impairment at the end of the reporting year by evaluating conditions specific to the Company that may be indicative of impairment triggers. Recoverable amounts of relevant assets are reassessed using value-in-use calculations which incorporate various key assumptions. Key estimates - useful lives of assets The Company determines the estimated useful lives and related depreciation and amortisation charges for its property, plant and equipment and finite life intangible assets. The useful lives could change significantly as a result of technical innovations or some other event. The depreciation amortisation charge will increase where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down. (r)

Adoption of new and revised accounting standards

During the current year, the Company adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. (s)

New accounting standards for application in future periods

The AASB has issued new and amended accounting standards and interpretations that have mandatory application dates for future reporting periods. The company has decided against early adoption of these standards as none of the changes are expected to have a material effect on the company.

12

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018


(t)

Company financial position

The company incurred a deficit from operations of $652,417 in the current year (2017: surplus $1,155,166). As at the 30 June 2018 the company had current assets of $2,988,883 compared to current liabilities of $3,695,865. Directors and management have considered the current financial position of the company and are comfortable that the financial statements are prepared on a going concern basis due to the factors outlined below. The company utilised $680,000 of cash reserves to acquire solar panels and for instalment on property rather than seek additional borrowings. These cash reserves will be replenished once bank borrowings for these assets have been established or from operating surpluses. The company also has continuing bank support for its borrowing facilities over the medium to long term and has unused bank borrowing capacity to draw upon to meet operational cash flows. Finally, the company has budgeted for strong profits for the 2018/2019 financial year which will be used to rebuild cash reserves and the financial position. 2. Revenue 2018

2017

$

$

Sales revenue - Bar - Sales

3,301,800

2,868,973

- Catering Sales

3,459,522

3,089,265

325,134

291,023

- Bottle Shop Sales

13,156,513

12,961,770

- Gaming Commissions

125,497

107,963

- Bingo & Raffle Income

632,609

579,755

- Concert Ticket Sales

440,230

566,306

- Keno Income

222,442

218,398

- Other Income

955,524

536,286

- Membership Subscriptions

148,851

144,967

- Poker Machines - net clearances

- Hotel Revenue

2,185,090

800,143

Total Revenue

24,953,212

22,164,849

8,713 8,713

14,916 1,132,134 1,147,050

Other revenue: - Interest - cash at bank - Gain on amalgamation Total other income

Note 21

3. Profit for the year 2018

2017

$

$

Total interest paid to banks

1,253,497

856,283

Cost of Sales

5,831,976

5,247,605

Depreciation and amortisation

2,043,722

1,698,638

Expenses

4. Income tax expense The prima facie tax on profit from ordinary activities before income tax is reconciled to the income tax as follows: 2018 $ Prima facie tax payable on profit from ordinary activities before income tax at 30% (2017: 30%)

2017 $

(195,725)

346,486

16,561 179,164 -

(511,038) 164,552 -

Add/(subtract): Tax effect of: - Principal of Mutuality adjustment and permanent differences - Adjustment for unrecognised losses Income tax attributable to entity

The company has unrealised tax losses of $1,538,901 (2017: $1,359,737) at a tax rate of 30%. No deferred tax asset has been taken up, as it is not probable that these losses will be utilised in future years.

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

13


5. Key Management Personnel Compensation Key management personnel include the Chief Executive Officer/Company Secretary, Chief Financial Officer, Chief Operations Officer, Chief Food & Beverage Officer and Director's honorarium.

2018 Total compensation 2017 Total compensation

Short-term benefits $

Post-employment benefit $

Total $

587,285

64,284

651,569

541,498

60.379

601,877

6. Auditors’ Remuneration

Remuneration of the auditor of the Company for: - auditing the financial statements - taxation services

2018 $

2017 $

30,569 10,342 40,911

42,552 13,516 56,068

2018 $ 564,146 253,152 1,289,879 2,107,177

2017 $ 650,058 684,316 1,687,196 3,021,570

2018 $

2017 $

2,107,177

3,021,570

2,107,177

3,021,570

2018 $

2017 $

226,018

119,299

226,018

119,299

2018 $ 110,285 33,681 19,079 62,973

2017 $ 64,552 23,622 26,044 5,081

226,018

119,299

7. Cash and cash equivalents

Cash on hand Cash at bank Short-term bank deposits

Reconciliation of Cash

Cash at the end of the financial year as shown in the cash flow statement is reconciled to items in the balance sheet as follows: Cash and cash equivalents

8. Trade and other receivables

CURRENT Trade receivables

Aged analysis The ageing analysis of receivables is as follows:

0-30 days 31-60 days 61-90 days (past due not impaired) 91+ days (past due not impaired) No provision for impairment was required for 2018 or 2017.

14

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018


9. Inventories 2018 $

2017 $

277,145

235,854

277,145

235,854

2018 $

2017 $

378,543 378,543

266,080 266,080

2018 $

2017 $

1,000,000 1,000,000

1,000,000 1,000,000

Building At cost Accumulated depreciation

38,546,710 (2,894,593)

36,869,823 (2,513,443)

Total buildings

35,652,117

34,356,380

Total land and buildings

36,652,117

35,356,380

Plant and equipment At cost Accumulated depreciation Total plant and equipment

20,245,825 (12,213,190) 8,032,635

19,133,621 (11,389,092) 7,744,529

Computer equipment Under lease Accumulated amortisation Total computer equipment

184,206 (184,206) -

184,206 (184,206) -

Crockery, Glass & Linen At cost Total plant and equipment

137,080 8,169,715

134,979 7,879,508

44,821,832

43,235,888

CURRENT At Cost Finished goods 10. Other Assets

CURRENT Prepayments 11. Property, plant and equipment

LAND AND BUILDINGS Freehold land At cost Total Land

Total property, plant and equipment

Movements in Carrying Amounts Movement in the carrying amount for each class of property, plant and equipment between the beginning and the end of the current financial year

Balance at the beginning of year

Land $ 1,000,000

Crockery, Glass & Linen $ 134,979

Buildings $ 34,356,380

Plant and Equipment $ 7,744,529

1,685,977

2,404,864

2,101

4,092,942

(463,277)

-

(463,277)

Total $ 43,235,888

Additions

-

Disposals - written down value

-

Transfer between asset classes

-

(9,090)

9,090

-

-

Depreciation expense

-

(381,150)

(1,662,571)

-

(2,043,721)

8,032,635

137,080

44,821,832

Carrying amount at the end of year

1,000,000

-

35,652,117

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

15


12. Intangible assets 2018 $

2017 $

15,000

15,000

Poker Machines Entitlements at Cost

968,615

968,615

Total Intangibles

983,615

983,615

Licenses and franchises at Cost

13. Trade and other payables CURRENT Unsecured liabilities Trade payables Membership income in advance Other payables Revenue in advance 14. Borrowings and Lease Liability CURRENT Secured liabilities Finance lease Bank loan - secured

NON-CURRENT Secured liabilities Bank loan - secured (a)

Total current and non-current secured liabilities

Bank loans Finance lease (b)

18

2018 $

2017 $

1,250,252 136,920 410,005 94,751

1,407,666 116,160 383,762 204,635

1,891,928

2,112,223

2018 $

2017 $

107,035 353,145

318,763

460,180

318,763

2018 $

2017 $

17,741,303

16,126,824

17,741,303

16,126,824

2018 $ 18,094,448 107,035

2017 $ 16,445,587 -

18,201,483

16,445,587

2018 $ 36,652,117

2017 $ 35,356,380

36,652,117

35,356,380

2018 $

2017 $

689,843 653,914

658,186 636,731

The carrying amounts of non-current assets pledged as security are:

First mortgage over freehold land and buildings 15. Employee Benefits CURRENT Provision for long service leave Annual leave entitlements

1,343,757 1,294,917 16. Reserves Asset Revaluation Reserve The asset revaluation reserve records historical revaluations of non-current assets. When the Company adopted revised Accounting Standards it chose to treat previously revalued land and buildings as being deemed cost and has not performed any subsequent revaluations.

16

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018


17. Capital Commitments Capital expenditure commitments Capital expenditure commitments contracted for: Internet gaming technology Solar Panels Function Centre Payable: - no later than 1 year - between 1 year and 5 years

2018 $

2017 $

395,025 22,500 2,200,000

592,537 691,700 -

2,617,525

1,284,237

2,220,012 397,513

889,212 395,025

2,617,525

1,284,237

107,035

-

107,035

-

18. Leasing Commitments Finance leases Minimum lease payments: - not later than one year

Finance leases are in place for Poker Machines and non-interest bearing and normally have a term of 12 months. 19. Financial Instruments Financial Risk Management Policies The Company's financial instruments consist mainly of deposits with banks, short-term investments, accounts receivable and payable and bank loans. The main purpose of those financial instruments is to raise finance for the company's operations. The Board's overall risk management strategy seeks to meet the Company's financial targets, whilst minimising potential adverse effects on financial performance. The Board is focused on debt repayment and interest expense reduction as well as maintaining healthy cash reserves and borrowing capacity. The Company does not have any derivative instruments at 30 June 2018. The Company's main financial risks relate to credit, liquidity and interest rates discussed below. (a) Credit risk The maximum exposure to credit risk, excluding the value of any collateral or other security, at balance date to recognised financial assets, is the carrying amount, net of any provisions for impairment of those assets, as disclosed in the statement of financial position and notes to the financial statements. The profile of the Club's credit risk at 30 June 2018 was as follows: Percentage of sundry (unsecured) receivables - Current - Past due

2018 48.8% 51.2%

2017 54.1% 45.9%

Although the Company has a portion of receivables past due, the Company does not consider there to be sufficient risk of collection of these receivables to require a doubtful debts provision. The Company does not have any material credit risk exposure to any single receivable or group of receivables. (b) Interest rate risk Financial instrument composition and maturity analysis The Company's exposure to interest rate risk, which is the risk that a financial instruments value will fluctuate as a result of changes in market interest rates and the effective weighted average interest rates on classes of financial assets and financial liabilities, is as follows: Weighted Average Effective Interest Rate

2018 2017 % % Financial Assets: Cash and cash equivalents 0.05 Receivables Total Financial Assets

0.42

-

-

Financial Liabilities: Bank loans and overdrafts

5.33

6.34

Trade and sundry payables

-

-

Lease liabilities Total Financial Liabilities

-

-

Maturing Within 1 Year

Maturing over 5 years

2018 $

2017 $

1,543,031

2,372,213

-

1,543,031 2,372,213

-

353,144

2018 $

Non-interest Bearing

2017 $

2018

Total

$

2017 $

2018 $

-

564,146

649,357

2,107,177

3,021,570

-

226,018 790,164

119,299 768,656

226,018 2,333,195

119,299 3,140,869

318,763

17,741,363

16,126,824

-

-

-

-

-

1,891,928 2,112,223

107,035 460,179

318,763

17,741,363

16,126,824

1,891,928 2,112,223

-

2017 $

18,094,507 16,445,587 1,891,928

2,112,223

107,035 20,093,470 18,557,810

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

17


(c) Liquidity risk The company manages liquidity risk by monitoring forecast cash flows and ensuring that adequate unutilised borrowing facilities are maintained. Further, the company maintains significant cash on hand and at bank to manage day to day operations. (d) Net fair values The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the statement of financial position and in the notes to the financial statements. (e) Sensitivity Analysis Interest rate risk The impact of a 100 basis point (1%) plus or minus change in interest rates on the company's financial performance would be to increase or decrease operating profit by $180,944 (2017: $164,456). 20. Capital Management Management controls the capital of the Company to ensure that adequate cash flows are generated to fund its operations and that returns from investments are maximised. The Company's capital consists of financial assets and liabilities. Management effectively managed the company's capital by assessing the Company's financial risks and responding to changes in these risks. Responses may include the consideration of debt levels and maintaining adequate cash reserves. There has been no change in the capital management strategy of the Company since the previous year. 21. Cash Flow Information (a) Reconciliation of Cash Flow from Operations with Profit after Income Tax 2018 $ (652,417)

2017 $ 1,155,166

Non-cash flows in profit Depreciation and amortisation Net (gain)/loss on disposal of property, plant and equipment Gain on amalgamation

2,043,722 (54,110) -

1,698,638 (24,361) (1,132,134)

Changes in assets and liabilities (Increase)/decrease in trade and term receivables (Increase)/decrease in prepayments (Increase)/decrease in inventories Increase/(decrease) in trade payables and accruals Increase/(decrease) in provisions Cash flow from operations

(106,719) (112,463) (41,291) (220,295) 48,840 905,267

(6,377) (38,089) (30,938) 214,874 58,650 1,895,429

Profit for the year Cash flows excluded from profit attributable to operating activities

(b) Non-cash financing and investing activities Acquisition of property plant and equipment for nil consideration as part of the amalgamation with the Tamworth Tennis Club:

Buildings and improvements Plant and equipment Poker machine entitlement Cash at bank and on hand Cash flow from operations

2018 $

2017 $

-

931,000 26,900 130,000 44,234 1,132,134

(c) Credit Standby Arrangement and Loan Facilities The Company has unused bank lending facilities amounting to $2,000,000. Interest rates are variable. 22. Contingent Liabilities and Contingent Assets In the opinion of the Directors, the Company did not have any contingencies at 30 June 2018 (30 June 2017: None). 23. Events after the end of the Reporting Period The financial statements was authorised for issue on 26 September 2018 by the Board of Directors. No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in future financial years.

18

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018 24. Related party transactions Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other


No matters or circumstances have arisen since the end of the financial year which significantly affected or may significantly affect the operations of the Company, the results of those operations or the state of affairs of the Company in future financial years. 24. Related party transactions Transactions between related parties are on normal commercial terms and conditions no more favourable than those available to other parties unless otherwise stated. Executive managers are appointed by the board of the club. The following transactions occurred with related parties: Employee expenses relating to close family members $122,877. 25. Core and Non-core property Core property is defined as any real property owned by the company that comprises the defined premises of the club or any facility provided by the club for the use of its members and their guests. Pursuant to section 41J of the Registered Clubs Act 1976 the following properties are considered core property of West Tamworth League Club Limited: 1) Wests Diggers Club, Lot 1 DP 1142453, 4 Kable Avenue, Tamworth NSW 2340. 2) West Tamworth League Club, Lot 2 DP815862, 58 Phillip Street, West Tamworth NSW 2340. 3) The Courts @ East, Lots 1, 2, 3, 4, 5, 6, 7, 8, 9 & 10 DP 758951, 102-128 Napier Street, Tamworth NSW 2340 The company does not hold any non-core property for the 2018 or 2017 financial years. 26. Company Details Registered office The registered office of the company is: West Tamworth League Club Limited 58 Phillip Street Tamworth, NSW 2340 Principal place of business The principal places of business are: West Tamworth League Club Limited 58 Phillip Street Tamworth, NSW 2340 and Wests Diggers 4 Kable Avenue Tamworth, NSW 2340 and The Courts @ East 102-128 Napier Street

DIRECTORS DECLARATION The directors of the Company declare that: 1. The financial statements and notes, as set out on pages 7 to 20, are in accordance with the Corporations Act 2001 and: (a) (b)

comply with Accounting Standards and the Corporations Regulations 2001; and give a true and fair view of the financial position as at 30 June 2018 and of the performance for the year ended on that date of the Company.

2. In the directors’ opinion, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable. This declaration is made in accordance with a resolution of the Board of Directors.

Maxwell Sharpe Director

Terry Psarakis Director

Dated 26 September 2018 WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018

19


INDEPENDENT AUDIT REPORT Report on the Audit of the Financial Statements Opinion We have audited the financial statements of West Tamworth League Club Limited (the Company), which comprises the statement of financial position as at 30 June 2018, the statement of profit or loss and other comprehensive income, the statement of changes in equity and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies, and the directors' declaration. In our opinion, the accompanying financial statements of the Company are in accordance with the Corporations Act 2001, including: (i) giving a true and fair view of the Company's financial position as at 30 June 2018 and of its financial performance for the year ended; and (ii) complying with Australian Accounting Standards 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 Statements 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 (the Code) that are relevant to our audit of the financial statements in Australia. We have also fulfilled our other ethical responsibilities in accordance with the Code. We confirm that the independence declaration required by the Corporations Act 2001, which has been given to the directors of the Company, would be in the same terms if given to the directors as at the time of this auditor's report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of Directors for the Financial Statements The directors of the Company are responsible for the preparation of the financial statements that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial statements that gives a true and fair view and is free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Auditor's Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are 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 level of assurance, but is not a guarantee that an audit conducted in accordance with 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 the financial statements.

Paul Cornall Principal 26 September 2018 92 Rusden Street, Armidale NSW 2350 P +61 2 6773 8400 f +61 2 6772 9957 e armidale@forsyths.com.au ABN 24 935 296 22

20

WESTS ENTERTAINMENT GROUP ANNUAL REPORT 2017 - 2018


Notice of AGM WEST TAMWORTH LEAGUE CLUB LIMITED ACN 001 037 832 NOTICE OF ANNUAL GENERAL MEETING AND RESOLUTIONS NOTICE is hereby given of the Annual General Meeting of WEST TAMWORTH LEAGUE CLUB LIMITED to be held on Tuesday 27 November 2018 commencing at 6:30pm at the premises of the Club, 58 Phillip Street, West Tamworth, New South Wales.

AGENDA The following business will be dealt with at the Annual General Meeting: 1.

APOLOGIES.

2.

CONFIRMATION of the Minutes of the previous Annual General Meeting held on Tuesday 28 November 2017.

3.

REPORTS: To lay the Directors’ Report, Auditors’ Report and Financial Report for the year ended 30 June 2018 before the meeting. Please note: These reports can be viewed in PDF format on the Club’s website www.wtlc.com.au or on written request to the Chief Executive Officer – Company Secretary.

4.

ORDINARY RESOLUTIONS: To consider and if thought fit pass the two (2) Ordinary Resolutions set out below in this Notice.

5.

SPECIAL RESOLUTIONS: To consider and if thought fit pass the eight (8) Special Resolutions set out below in this Notice.

6.

DECLARATION OF RESULTS OF THE BALLOT FOR DIRECTORS.

7.

BALLOT PAPERS: To approve that the ballot papers be destroyed after one (1) month of this Annual General Meeting.

8.

GENERAL BUSINESS (of which due notice has been given) that may be brought before the meeting in accordance with the Club’s Constitution.

QUESTIONS ON THE REPORTS Members who have questions in relation to any report referred to in Item 3 are requested to submit their questions in writing to the Chief Executive Officer – Company Secretary by 5:00pm on Friday 16 November 2018. This will allow sufficient time for information to be gathered or research undertaken. If questions are not submitted in this manner, the Club may not be able to provide a complete answer at the Annual General Meeting.

PROCEDURAL MATTERS FOR RESOLUTIONS 1. 2. 3. 4. 5. 6. 7. 8.

ORDINARY RESOLUTIONS: To be passed, an Ordinary Resolution must receive votes in favour from not less than a majority (50% + 1) of those members who, being eligible to do so, vote in person on the Ordinary Resolution at the meeting. SPECIAL RESOLUTIONS: To be passed, a Special Resolution must receive votes in favour from not less than three quarters (75%) of those members who, being eligible to do so, vote in person on the Special Resolution at the meeting. The Resolutions should be read in conjunction with the notes to members which follow the Resolutions. VOTING ON RESOLUTIONS: Financial Full Fee, Pensioner, Tamworth RSL, Tamworth Tennis, Honorary Life and Gold Life members are eligible to vote on the Resolutions. Under the Registered Clubs Act, members who are employees of the Club are not entitled to vote and proxy voting is prohibited. Amendments to a Special Resolution (other than minor typographical corrections which do not change the substance or effect of the Resolution) will not be permitted from the floor of the meeting. The amendments contained in the First, Second, Third and Fourth Special Resolutions, if passed, will only take effect from and for the purposes of the election of the Board positions and the Annual General Meeting to be held in 2019. They will not affect the elections of the Board positions and Annual General Meeting this year. The Board of the Club recommends each of the Resolutions to members.


FIRST ORDINARY RESOLUTION That the members hereby: (a) approve that the Club’s Board of Directors are entitled to receive the following benefits for the twelve (12) month period preceding the 2019 Annual General Meeting: (i) reasonable food and refreshments for each director at Board or committee meetings. (ii) payment by the Club of reasonable costs or expenses of attending functions whilst representing the Club (with spouses or partners where appropriate) or in relation to such other duties including entertainment of special guests of the Club and other promotional activities as may be approved from time to time by the Board. (iii) reasonable costs or expenses in relation to the professional development and education of directors, including (but not limited to): (1) attending meetings of associations of which the Club is a member or directors are members; (2) attending conferences, seminars, lectures, trade displays, organised study tours, fact finding tours and other similar events (whether held within Australia or overseas) as may be determined by the Board from time to time; (3) attending other registered clubs or gaming venues for the purpose of observing their facilities and methods of operation; (4) attending conferences and training sessions (including mandatory training) in relation to director’s roles and responsibilities under the Registered Clubs Act 1976, the Corporations Act 2001 and any other relevant legislation. (iv) payment by the Club for provision of a blazer and associated apparel. (v) provision of specially reserved parking spaces at the Club without charge. (b) acknowledge that the benefits in paragraph (a) are not available for members generally but are only for those who are directors of the Club (and their spouses or partners in the circumstances set out in paragraph (a)(ii) above). Notes to Members on First Ordinary Resolution 1. The First Ordinary Resolution is to have the members approve expenditure by the Club on directors (and their spouses or partners in certain circumstances) in respect of the matters set out in the First Ordinary Resolution. 2. Included in the First Ordinary Resolution is the cost of directors attending seminars, lectures, trade displays and other similar events to be kept abreast of current trends and developments which may have a significant bearing on the Club. SECOND ORDINARY RESOLUTION That the members hereby approve: (a) payment of the following honorariums (inclusive of any superannuation guarantee levy if payable) to the Club’s Directors for services as directors for the twelve (12) month period preceding the 2018 Annual General Meeting: (i) President - $7000; (ii) Vice President - $3500; and (iii) Directors (including any Board Appointed Directors) - $2000 each. (b) such honorariums to be paid on a pro-rata basis if the President, Vice President or a Director only held office for part of the twelve (12) month period preceding the 2018 Annual General Meeting. Notes to Members on Second Ordinary Resolution 1. The Second Ordinary Resolution is to have the members approve honorariums for the directors of the Club for duties to be performed by them during the twelve (12) month period preceding the 2018 Annual General Meeting. 2. The honorariums will be paid on a pro-rata basis which means that if the President, Vice President or an Ordinary Director (including a Board Appointed Director) only held office for part of the year, that person will only receive a proportional part of the honorarium. FIRST SPECIAL RESOLUTION That, with effect from and for the purposes of the Annual General Meeting to be held in 2019 and the election of the Board to be held in that year and thereafter, the Constitution of West Tamworth League Club Limited be amended by inserting the following new Rule 55B: “55B. A member shall not be entitled to nominate for or be elected or appointed to the Board unless he or she has been a financial member of the Club during the twelve (12) months immediately preceding the date that he or she nominates for election to the Board or the date of his or her proposed appointment to the Board.” Notes to Members on First Special Resolution 1. The First Special Resolution proposes to introduce an additional eligibility requirement in relation to nominating for and being elected or appointed to the Board. 2. If the First Special Resolution is passed, a member must be a financial member of the Club for at least the preceding twelve (12) months before he or she can nominate for or be elected or appointed to the Board. SECOND SPECIAL RESOLUTION That, with effect from and for the purposes of the Annual General Meeting to be held in 2019 and the election of the Board to be held in that year and thereafter, the Constitution of West Tamworth League Club Limited be amended by inserting the following new Rule 55C: “55C. A member shall not be entitled to nominate for or be elected or appointed to the Board if he or she is a former employee of the Club whose employment with the Club was terminated by the Club for misconduct.”


Notes to Members on Second Special Resolution 1. The Second Special Resolution proposes to introduce an additional eligibility requirement in relation to nominating for and being elected or appointed to the Board. 2. If the Second Special Resolution is passed, a member will not be entitled to nominate for or be elected or appointed to the Board if he or she is a former employee of the Club whose employment was terminated by the Club for misconduct. THIRD SPECIAL RESOLUTION That, with effect from and for the purposes of the Annual General Meeting to be held in 2019 and the election of the Board to be held in that year and thereafter, the Constitution of West Tamworth League Club Limited be amended by inserting the following new Rule 55D: “55D. A member shall not be entitled to nominate for or be elected or appointed to the Board if he or she was an employee of the Club during the five (5) calendar years immediately preceding the proposed date of election or appointment to the Board.” Notes to Members on Third Special Resolution 1. The Third Special Resolution proposes to introduce an additional eligibility requirement in relation to nominating for and being elected or appointed to the Board. 2. If the Third Special Resolution is passed, a member who was an employee of the Club during the preceding five (5) calendar years will not be entitled to nominate for or be elected or appointed to the Board. FOURTH SPECIAL RESOLUTION That, with effect from and for the purposes of the Annual General Meeting to be held in 2019 and the election of the Board to be held in that year and thereafter, the Constitution of West Tamworth League Club Limited be amended by: (a) inserting the following definition of “Contractor” into Rule 2(a): ““Contractor” means a person (which for the avoidance of doubt includes a company, a partnership or a business) who has a “contract” with the Club for the purposes of section 41B of the Registered Clubs Act.” (b) inserting the following new Rule 55E: “55E. A member shall not be entitled to nominate for or be elected or appointed to the Board if he or she is a Contractor or a director, secretary, employee or a business owner of a Contractor.” (c) inserting the following new Rule 77(i): “(i) becomes a Contractor or a director, secretary, employee or a business owner of a Contractor.” Notes to Members on Fourth Special Resolution 1. The Fourth Special Resolution proposes to introduce an additional eligibility requirement for standing for and being elected or appointed to the Board. 2. If the Fourth Special Resolution is passed, a member will: (a) not be entitled to stand for or be elected or appointed to the Board if the member is a Contractor or a director, secretary, employee or business owner of a Contractor; and (b) automatically cease to be a director if the member becomes a Contractor or a director, secretary, employee or business owner of a Contractor. 3. With regard to this: (a) A Contractor is a person (which includes a company, partnership or business) who has a “contract” with the Club for the purposes of section 41B of the Registered Clubs Act; and (b) Section 41B of the Registered Clubs Act defines a “contract” as including a commercial arrangement. FIFTH SPECIAL RESOLUTION That the Constitution of West Tamworth League Club Limited be amended by inserting at the end of Rule 56(c) the words “Candidates may submit a candidate profile comprising a passport size photograph and a resume (of such length and containing such information as determined by the Board by way of By-Law) with their nomination form.” Notes to Members on Fifth Special Resolution 1. The Fifth Special Resolution clarifies that candidates for election to the Board may submit a candidate profile with their nomination form. This amendment reflects the Club’s existing practice. SIXTH SPECIAL RESOLUTION That the Constitution of West Tamworth League Club Limited be amended by inserting the following new Rule 56(k) and renumbering the remaining provision of Rule 56 accordingly: “(k)(i) No member shall issue, display, publish, distribute or cause to be issued, displayed, published or distributed any written material (including “how to vote” tickets) within the premises or surrounding precincts of the Club advocating either for or against the election of any candidate or candidates for the Board of the Club. However, this restriction shall not apply to any material that candidates are authorised by the Board or returning officer to issue, display, publish or distribute (including but not limited to candidate profiles). (ii) No member shall conduct electioneering on the premises of the Club or surrounding precincts of the Club (including but not limited to in the Club’s car park, the Club’s foyer, reception area and any area where voting is being conducted). (iii) Any breach of Rules 56(k)(i) and (ii) shall be deemed to be conduct prejudicial to the interests of the Club for the purposes of the Club’s Constitution.”


Notes to Members on Sixth Special Resolution 1. The Sixth Special Resolution proposes to prohibit members from: (a) issuing, displaying publishing, distribution or causing to be issued, displayed, published or distributed any written material (including “how to vote” material) advocating either for or against the election of any candidate or candidates for the Board of the Club within the premises or surrounding precincts of the Club (unless approval has been given by the Board or returning officer); and (b) electioneering on the premises of the Club or surrounding precincts of the Club (including but not limited to in the Club car park, foyer, reception area or any area where voting is being conducted). 2. The Board proposes the above prohibitions because the Club has received a number of complaints from members stating that the electioneering and distribution of “how to vote” material during the election of the Board in 2017 adversely affected their use, convenience and enjoyment of the Club’s facilities. 3. Therefore, if the Sixth Special Resolution is passed: (a) unless approval has been obtained from the Board or returning officer, members will not be permitted to issue, display, publish, distribute or cause to be issued, displayed, published or distributed any written material (including “how to vote” material) advocating either for or against the election of any candidate or candidates for the Board of the Club within the premises (including any voting areas) or surrounding precincts of the Club; and (b) members will not be permitted to engage in electioneering on the premises of the Club or surrounding precincts of the Club including the car park; (c) any breach of the above restrictions will be deemed to be conduct prejudicial to the interests of the Club and may be dealt with under the disciplinary provisions of the Constitution. SEVENTH SPECIAL RESOLUTION That the Constitution of West Tamworth League Club Limited be amended by deleting Rules 71 to 76 (and the headings immediately preceding those Rules) and in lieu thereof inserting the following new headings and Rules 71 to 76C inclusive: “MATERIAL PERSONAL INTERESTS OF DIRECTORS 71. (a) Any director who has a material personal interest in a matter that relates to the affairs of the Club must, as soon as practicable after the relevant facts have come to the director’s knowledge declare the nature of the interest at a meeting of the Board and comply with Rule 71(b). (b) Subject to Section 195 of the Act, a director who has a material personal interest in a matter that is being considered at a meeting of the Board, or of the Directors of the Club: (i) must not vote on the matter; and (ii) must not be present while the matter is being considered at the meeting. REGISTERED CLUBS ACCOUNTABILITY CODE 72. (a) The Club must comply with the requirements of the Registered Clubs Accountability Code (as amended from time to time) and the provisions of Rules 73 to 76C inclusive. (b) For the purposes of Rule 73 to 76C inclusive, the following terms “close relative”, “controlling interest”, “manager”, “pecuniary interest” and “top executive” shall have the meanings assigned to them by the Registered Clubs Act and Registered Clubs Regulations. CONTRACTS WITH TOP EXECUTIVES 73. (a) The Club must ensure that each top executive has entered into a written employment contract with the Club dealing with: (i) the top executive’s terms of employment; and (ii) the roles and responsibilities of the top executive; (iii) the remuneration (including fees for service) of the top executive; (iv) the termination of the top executive’s employment. (b) Contracts of employment with top executives will not have any effect until they are approved by the Board and they must be reviewed by an independent and qualified adviser before they can be approved by the Board. CONTRACTS WITH DIRECTORS OR TOP EXECUTIVES 74. (a) Subject to Rule 75 and any restrictions contained in the Registered Clubs Act, the Club must not enter into a commercial arrangement or a contract with a director or top executive or with a company or other body in which a director or top executive has a pecuniary interest, unless the proposed commercial arrangement or contract is first approved by the Board. (b) A “pecuniary interest” in a company for the purposes of Rule 74(a) does not include any interest exempted by the Registered Clubs Act. CONTRACTS WITH SECRETARY AND MANAGERS 75. Unless otherwise permitted by the Registered Clubs Act, the Club must not enter into a commercial arrangement or contract with: (a) the Secretary or a manager; or (b) any close relative of the Secretary or a manager; (c) any company or other body in which the Secretary or a manager or a close relative of the Secretary or a manager has a controlling interest. LOANS TO DIRECTORS AND EMPLOYEES 76. The Club must not: (a) lend money to a director of the Club; and (b) unless otherwise permitted by the Registered Clubs Act and Regulations, the Club must not lend money to an employee of the Club unless the amount of the proposed loan is ten thousand dollars ($10,000) or less and the proposed loan has first been approved by the Board.


RESTRICTIONS ON THE EMPLOYMENT OF CLOSE RELATIVES OF DIRECTORS AND TOP EXECUTIVES 76A. (a) A person who is a close relative of a director or top executive must not be employed by the Club unless their employment is approved by the Board. (b) If a person who is being considered for employment by the Club is a close relative of a director of the Club, the director must not take part in any decision relating to the person's employment. DISCLOSURES BY DIRECTORS AND EMPLOYEES OF THE CLUB 76B. (a) A director, top executive or employee of the Club must disclose any of the following matters to the Club to the extent that they relate to the director, top executive or employee: (i) any material personal interest that the director has in a matter relating to the affairs of the Club; and (ii) any personal or financial interest of the director or top executive in a contract relating to the procurement of goods or services or any major capital works of the Club; (iii) any financial interest of the director or top executive in a hotel situated within forty (40) kilometres of the Club's premises, (iv) any gift (which includes money, hospitality and discounts) valued at one thousand dollars ($1,000) or more, or any remuneration (including any fees for service) of an amount of one thousand dollars ($1,000) or more, received by the director, top executive or employee from an affiliated body of the Club or from a person or body that has entered into a contract with the Club. (b) The Club must keep a register in an approved form containing details of the disclosures made to the Club in accordance with Rule 76B(a). PROVISION OF INFORMATION TO MEMBERS 76C. The Club must: (a) make the information required by the Registered Clubs Regulations available to the members of the Club within four (4) months after the end of each reporting period to which the information relates, and (b) indicate, by displaying a notice on the Club's premises and on the Club's website (if any), how the members of the Club can access the information.” Notes to Members on Seventh Special Resolution 1. The Seventh Special Resolution proposes to amend provisions of the Club’s Constitution dealing with corporate governance and accountability to bring them into line with the recent amendments to the Registered Clubs Act and Registered Clubs Regulation. EIGHTH SPECIAL RESOLUTION That the Constitution of West Tamworth League Club Limited be amended by: (a) deleting from Rule 40(a) the words “by the first day of July in each year” and in lieu thereof inserting the words “on such date or dates as determined by the Board from time to time.” (b) deleting from Rule 40(b) the words “by the thirty first day of July in each year” and in lieu thereof inserting the words “within one (1) month of the due date or dates (as the case may be).” (c) deleting Rule 40(c) and renumbering Rule 40(d) as Rule 40(c). Notes to Members on Eighth Special Resolution 1. The Constitution currently provides that: (a) annual subscriptions are due and payable on 1 July each year; and (b) a member will be deemed to be a non-financial member of the Club if they have not paid their annual subscription by 31 July in any year. 2. The Club wishes to adopt a new system for the payment of annual subscriptions (with effect from the date of the Annual General Meeting to be held in 2018) whereby: (a) existing members (ie any person admitted to membership of the Club before the date of the Annual General Meeting to be held in 2018) must continue to pay their annual subscription by 1 July each year; and (b) new members (ie any person admitted to membership of the Club on or after the date of the Annual General Meeting to be held in 2018) must pay their annual subscription on each anniversary of their admission to membership of the Club; (c) a member will be deemed to be a non-financial member of the Club if they have not paid their annual subscription within one (1) month of the due date or dates. 3. The Eighth Special Resolution proposes a series of amendments to Rule 40 of the Club’s Constitution to provide operational flexibility to enable the Club to adopt the new system (to be implemented by By-Law passed by the Board) for the payment of annual subscriptions with immediate effect. A copy of the proposed By-Law is set out below: “3. PAYMENT OF ANNUAL SUBSCRIPTIONS For the purposes of Rule 40(a) of the Club’s Constitution, all members who were admitted to membership of the Club: (a) before 27 November 2018 must continue to pay their annual subscription by 1 July each year; and (b) on or after 27 November 2018 must pay their annual subscription by each anniversary of the date that they were admitted to membership of the Club. (c) Members shall not be given renewal notices prior to the due date for payment of the subscriptions pursuant to paragraphs (a) and (b) of this By-Law. However if a member defaults in paying his or her subscription by the due date the Club will give written notice to the member requiring payment within one month of the due date otherwise the provisions of Rule 40(b) of the Constitution shall take effect.” DATED: 26 September 2018 BY direction of the Board

Rod Laing Chief Executive Officer – Company Secretary


2018 BOARD ELECTION - GROUP 3

The Candidates Terry PSARAKIS work that has been achieved by the club over my 8 years as a director, 6 years as an elected board member and 2 years as an the last 5 years. The Mercure Hotel, Scully Park Precinct & club expansion has all happened in the last 6 years. I am married to Karen and we have 2 adult children. I have lived in Tamworth for over 55 years. over 17 years. My interests outside of family and work is sport. I am on the NIAS board, chairman of Central North Cricket Zone, deputy chair of Country Cricket NSW and board member of Northern NSW Football. I believe strongly in giving back to the people/community that have helped me get to where I am today. This is also what Wests believe in… giving back to the community.

Stephen BARTLETT Tamworth resident since 1988

- Director Centacare New England North West

Robert BOTH

Robert has been a member of Wests Entertainment Group since 1975. Born in Tamworth and owned and operated, RG & Has served in the local community for 20 years through Scouts, Wires and Apex, also as a director for two years on interests include fishing, model railways and of course his family. Robert has been on Wests’ board for the past 20 years, which has been a great privilege and a pleasure. He is enjoying seeing the Wests Group going from strength to strength. Married to Ellen and has two children, Jon and Karen. Robert would club grow in the future.

Dennis CLAPHAM

My 15 year old granddaughter encouraged me to nominate as she considers that I shouldn’t squander my skills and and strategic planning. When I arrived in Tamworth I was the the RTA. I have been a member of West Tamworth League Club for over 30 years and past member of Tamworth RSL Club. Previously the business/services manager at Farrer Memorial Agricultural High School, and

- Bachelor of Business - Master of Local Government Management - Master of Local Government & Environmental Law - Diploma in Legal Studies West Tamworth League Club Ltd. It would be my unwavering aim to work the public image, professionalism and quality of service of the venues of Wests, Wests Diggers and The Courts @ East. The Wests Entertainment Group is entertainment services to members and the wider community. I wish to contribute my experience and insight as a director of such a quality and

at TRC Help Desk. Currently a Licensed Risk Management and Compliance

2018 Board Election - Group 3 VotingDates Dates & Times Voting & Times Street, West Tamworth and Wests’ Diggers - Kable Avenue,

Jayne McCARTHY

My husband and I served in the Royal Australian Navy for approximately 20 years each. Eight years ago we moved as a family from Sydney to Tamworth so my husband could start a new business. Business is going great and I am employed in Tamworth I have been heavily involved with a number of Tamworth RSL Sub-Branch and deputy chair of the Northwest Regional proud to develop community interests and see Tamworth grow. I believe as a of view to help increase the clubs standing in the Tamworth community.

Friday Saturday Sunday Monday Tuesday Wednesday Thursday

9 November 10 November 11 November 12 November 13 November 14 November 15 November

12noon 10am 10am 12noon 12noon 12noon 12noon -

8pm 4pm 4pm 8pm 8pm 8pm 8pm

, East Friday Saturday

9 November 10 November

4pm - 8pm 12noon - 8pm

ANY ENQUIRIES CONCERNING THIS ELECTION SHOULD BE DIRECTED TO THE RETURNING OFFICER, PAUL CORNALL OF FORSYTHS – 6773 8400

2


MAKING A DIFFERENCE IN THE

Clubs are at the heart of every community, providing local groups and charities with much needed support. Owned by the members in the community for the community. The Wests Entertainment Group believes that by responding to community needs and working in partnership, we can contribute towards making communities where we do business better places to live and work. The Wests Entertainment Group plays a major role in supporting your community. Here a just a few of the local charities, sporting groups, community groups and the like that received funding from your local clubs, Wests, Wests’ Diggers and The Courts @ East for the period 1 September 2017 to 31 August 2018.

COMMUNITY GROUPS

SPORTING GROUPS

CanAssist

AFL North West NSW Inc

Centacare New England North West

Australian Country Dance Festival

The Wests Entertainment Group has supported Centacare NENW Lantern & Chinese Moon Cake Festival for the past 8 years. The Chinese have honoured the harvest with this festival since the Shang Dynasty and it is celebrated worldwide each September on the Chinese autumn full moon. As part of the Centacare NENW festival, participants will experience the traditions of this festival through making lanterns, tasting “Moon Cake”, listening and singing traditional Chinese Moon songs and traditional Chinese dance. The festival brings together many culturally and linguistically diverse individuals within the community, fostering social inclusion and cohesion, and a better understanding of differing cultural traditions. The grant enables Centacare NENW to provide an opportunity for harmony, acceptance and cross-cultural understanding in our community.

Central Northern Cricket Zone Group 4 Rugby League Referee’s Association Hillvue Rovers Football and Sporting Club Kable Avenue Indoor Bowls Men of League Foundation Northern Inland Academy of Sport NSW Darts Inc

City of Tamworth Eisteddfod Society Inc

Oxley Vale Attunga Football Club

Co-Care Incorporated

Pirates Rugby Club Tamworth

Feel the Magic Ltd

South Tamworth Cricket Club

Friendly Faces Helping Hands Foundation

Tamworth & District Minor Rugby League

Greater Northern Skills Development Group

Tamworth City Swimming Club

Kirinari Community Services

Tamworth Dart Tournament Committee

Koori Kids

Tamworth District Cricket Association

Life Education NSW

Tamworth Football Club

Little Wings Limited

Tamworth Harness Racing Club

Nazareth Care (Nazareth House Tamworth Auxiliary)

Tamworth Senior Baseball

News On Wheels

Tamworth Swans Australian Football Club

Oxley High School

Tamworth Veterans Cricket

Oxley Vale Public School

Tudor Wests Hockey Club

Royal Flying Doctor Service (South Eastern Section)

West Tamworth Cricket Club

Rural Aid Ltd

West Tamworth Lions Junior RLFC

St Vincent de Paul Society - St Louise Conference Tamworth Bicentenary Committee Tamworth Classic Holden Club Tamworth Homeless Connect

Modelled on a number of Homeless Connect or Community Connect Days that are run across the country each year assisting thousands of people, Tamworth Homeless Connect Day provides an opportunity for homeless people, service providers and the community to work together to create solutions to homelessness and for providers of services to network, learn collaboratively from one another and share best practice experiences. Tamworth Homeless Connect Day was held on 26 July 2018 with over 900 people attending the event.

Tamworth RSL Sub-Branch Tamworth Songwriters Association Tamworth Young Veterans The Northcott Society Westpac Rescue Helicopter Service White Elephant Ball (Batyr) Youth Off The Streets Limited

MEMBERS SPORTS REWARD BURSARY Since 1989, the Wests Entertainment Group has supported individuals who have gained selection in sport at a State or National level through our Members Sports Reward Bursary. A total $4800 in funding and 25 bursaries were awarded in the sports of Athletics, Baseball, Basketball, Benchrest Shooting, BMX Racing, Futsal, Hockey, Rugby League, Swimming and Water Polo.


WEST TAMWORTH LEAGUE CLUB Phillip Street, West Tamworth NSW 2340 Ph: 02 6765 7588 Fax: 02 6765 1508

WESTS’ DIGGERS Kable Avenue, Tamworth NSW 2340 Ph: 02 6766 4661 Fax: 02 6766 4419 PO Box 3040 West Tamworth NSW 2340

THE COURTS @ EAST Cnr Napier Street & Roderick Street, East Tamworth NSW 2340 Ph: 02 6766 2070 Fax: 02 6766 7049

Annual Report 2017 - 2018  
Annual Report 2017 - 2018  
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