b'NEW SOUTH WALES MASONIC CLUBABN 79 000 003 289YourdirectorspresenttheirreportontheNewPrincipal ActivitiesSouthWalesMasonicClub(theClub)fortheThe principal activities of the Club during the year financial year ended 30 June 2019. weretoprovideMemberswithamenitiesand The names, qualifications, experience and specialfacilities usually associated with a Licensed Social responsibilities of the directors in office at any timeClub and to operate a boutique hotel at not less during, or since the end of, the year are: thanafour-starstandard.Nosignificantchange Stephen George Bates, B. Bus, CA. in the nature of these activities occurred during the Elected to the Board in 1996. year.Occupation: Director, Watson Erskine & Co PtyTheseactivitieshaveassistedinachievingthe Ltd, Chartered Accountants. short and long term objectives of the Club by being President since 23 November 2015. DIRECTORS REPORT consistent in all respects with those objectives.Graham William Byrne, BA FOR THE yEAR ENDED 30 JUNE 2019 The Club measures its own performance through Elected to the Board on 26 November 2007. theuseofbothquantitativeandqualitative benchmarks.Thebenchmarksareusedbythe Occupation: Managing Director, Graham Byrne &directors to assess the financial sustainability of Associates Pty Ltd, Management Consultants. Board Committees the company and whether the Clubs short-term Special Responsibilities: Convenor, FinanceSG Bates 12/12 21/25 and long-term objectives are being achieved. Key Committee. GW Byrne 11/12 11/12 performance benchmarks used include:Robert Eaglesham, Dip. AIIAverage monthly room rate for Elected to the Board on 23 November 2015. RJ Eaglesham 12/12 12/13 accommodation;Occupation: Company Director. A Ezzy 9/12 13/13Average monthly room rate for Special Responsibilities: Member, House Supplyaccommodation net of commissions;and Staff Committee. K Foot 11/12 13/13Monthly occupancy rate for accommodation;Allan Ezzy, AM, APM, Justice of the Peace JJ Moore 9/12 12/13Monthly EBITDA against budget;Elected to the Board on 28 November 2011. P Read 10/12 11/12Monthly departmental operating results Occupation: Police Officer. Retired. against budget;Special Responsibilities: Convenor, House SupplySC Wearne 10/12 12/12Function enquiries capture rate;and Staff Committee. P Zeilic 9/12 13/13Feedback from members, guests and social Alice (Kate) Foot, B. Ed (Adults) media;Elected to the Board on 23 November 2015. Clubs ObjectivesSurvey of members and guests;Occupation: Company Director. The Clubs short term objectives are to:Membership growth;Special Responsibilities: Member, House Supply ProvideitsMemberswithbars,restaurant/bistro,Capital expenditure program against set and Staff Committee. meeting rooms, function rooms, gaming facilitiesmilestones; andand a high quality of service;Monitoring of regular training programs for John Joseph Moore, AM, RFD, ED, HDAProvide Members and guests with high qualityemployees.Elected to the Board on 2 July 2008. Elected Viceaccommodation facilities; Operating ResultsPresident on 23 November 2015.Provide Members and guests with service of theTheprofitfortheyearamountedto$51,074 Occupation: Public Relations Consultant. highest practical level; (2018: $537,140) after allowing for income tax Special Responsibilities: Vice President; Member, ProvideMembersandguestswithahighexpense.House Supply and Staff Committee. standard of food and beverage offering; and Review of OperationsPeter Read, B. Bus, CPA, Justice of the PeaceProvideappropriatetrainingforstaffandCompetition within the Sydney market for hotel Elected to the Board on 23 November 2015. directors. roomsremainedhighresultinginadeclinein Occupation: Principal, Present and AccountedThe Clubs long term objectives are to: contributionfromtheaccommodationsegment For, Strategic Financial Consultants.Continually upgrade the quality of the hotel inof $79,000 for the year. The food and beverage Special Responsibilities: Treasurer; Member,order to maximise its commercial returns for thecontributiondeclinedduetoacombinationof Finance Committee. overall betterment of the Club and the facilitieslowerrevenueandhighercosts.Asaresult, Stephen Caldwell Wearne, FCA it provides to its Members; and the contribution achieved from all of the Clubs Elected to the Board on 2 March 2005.Continually upgrade the quality of service offeredoperational areas was $163,000 lower than the Occupation: Director, Boroughs Australia Pty Ltd,by staff. previous year. Investment and other revenue was Chartered Accountants. To achieve these objectives the Club has adopted$293,000lowerthanthepreviousyeardueto Special Responsibilities: Member, Financethe following strategies: lowerrentalincomeandlowercompensation Committee.Developmentofanintegratedcapitalpayments received, whilst costs were $153,000 improvements program funded from retainedhigherthanthepreviousyear,duemainlyto Peter Zeilic, B. Sc., B. Arch, M. Proj Mgmt, Justiceand current earnings; higher repairs and maintenance costs. The Clubs of the PeaceDevelopmentofarefurbishmentandoperating result before tax declined by $609,000 Elected to the Board on 23 November 2009. maintenance program designed to uphold thecompared to the previous year. Occupation: Managing Director, Peter Zeilic Ptyheritage status of the building and enhance theAfter Balance Date EventsLtd, trading as Dimension 5 Design Architecturequality of the facilities available to Members; and Transport for NSWs construction of the Sydney & Project Management.MaintenanceofbestpracticetechnologytoMetro station to the immediate south of the Clubs Special Responsibilities: Member, House Supplymaximisereturnsfromaccommodationandbuilding continues, with the project now in the and Staff Committee. ancillary revenue streams for the benefit of the Club. tunnellingphase.Tothisdatetherehasbeen Directors have been in office since the start ofNew Accounting Standards Implemented minimal effect on the Clubs operations resulting the financial year to the date of this report unlessTheClubhasimplementedAASB9:Financialfrom the Metro construction works. However, the otherwise stated. Instruments, which has come into effect and isfutureeffectofsuchconstructionworksonthe Meetings of Directors included in the results. Clubsoperationscannotbedeterminedatthis During the financial year, the Board of Directorsstage.Noothermattersorcircumstanceshave met on 12 occasions, the House, Supply and StaffAASB 9: Financial Instruments has been appliedarisen since the end of the financial year which Committee met on 13 occasions and the Financeusing the retrospective method, with comparativesignificantly affected or may affect the operations amounts restated where appropriate. This did notof the Club, the result of those operations, or the Committee met on 12 occasions. The number ofresult in any changes to current or past disclosures. state of affairs of the Club in future financial years.meetingsattendedbyeachdirectorduringtheTheSydneyCityCouncil(SCC)hasrecently year out of the total number possible were:October 2019 NSW Masonic Club15'