b'Presidentsdecisions over the past several months that will protect the cash reserves of Report your Club and ensure the Club remains Dear Fellowfinancially viable throughout this Members economic recovery period. The Board has suspended all capital expenditure This edition of ourprograms, reduced all operating costs in Club Magazineconsultation with the General Manager, includes the auditedsuspended all Directors Fees, curtailed financial statementsbuilding maintenance schedules and for the year endedcontinues to maintain strict oversight 30 June 2020, Notice of Annual Generalof cash including detailed monthly cash Meeting and Ordinary Resolutions. Theflow forecasting. Your Board is doing Annual General Meeting is scheduledeverything it possibly can to keep the for Monday the 23rd of November 2020future survival of your Club.at 1pm in Cellos Restaurant and I lookOn a positive note, the Clubs General forward to seeing as many members asManager, Mr Paul Brasch, has done can possibly attend under the existinga tremendous job keeping our Club Covid-19 NSW Government restrictions. Covid Safe. This has enabled the Club The financial results for the 2019/20to recommence its food and beverage financial year would have been pleasingofferings and I encourage all Members but for the outbreak of Covid-19 and theto check out and book in for one or massive disruption this virus has caused,more Club functions in the lead up to both economically and psychologically,Christmas. I hope to see you there soon.for many of us. What would haveMembership renewals will soon be been a healthy operating profit beforesent out for the 2021 calendar year. INEWLY REFURBISHED - ROOM 904income tax for the Club was turned rightencourage you to renew early. This will around in the last four months of thehelp your Club with its cash flow. Please financial year. The result was a beforekeep an eye open for your membership tax operating loss of $361,607. The onlyrenewal and any information thatSpring into Sydneypositive aspect of this result is the factaccompanies it.that the Club still managed to generateDont forget that the Clubs Members a cash flow profit from operations ofRewards program continues to deliverDeals from $100 per night$204,135 as compared to $336,278 thediscounts in the form of reduced food andfor two peopleprevious year.beverage prices. The menus on our level At the date of my report I note thattwo Lounge Bar have been refreshed andEnjoy the beautiful spring blooms the Clubs main source of revenue,enhanced and is great value for money.and fresh spring air, while strolling hotel accommodation, continues to beRemember to present your membershipthrough the lush gardens and seriously suppressed with occupancy atcard to secure your discount.colourful vistas of Sydney.only seven percent instead of closer toIt continues to be a privilege to serve as the usual 80%. We have never seen suchyour Club President. I look forward toFor the social butterflies, our dire financial circumstances in decades.2021 in the hope that the world economy,calendar is packed with events and Closed international borders as well asand that of Australia, will see the recoveryentertainment, so why not make a some interstate borders will mean thatthat we all need. I look forward tonight of it, or indulge in a our accommodation revenue has nomeeting you at the AGM and in the lead realistic opportunity to recover. Sinceup to Christmas 2020. Stay safe. spring weekend in Sydney?March 2020, your Club has incurred cash losses from operations. Cash reservesCall 9284 1000 to grab a hot have been further depleted during thisBest wishes. spring deal, or book online:time due to capital works programs that were already in place. www.castlereagh.com.auYour Board of Directors, of which thereStephen Bates | President To access exclusive Members Ratesare only seven instead of nine as I write,enter promo code: NSWMCMEMBERhave made a number of importantNSW Masonic ClubDestination NSWIts great to be back! *All deals exclude 30 & 31 December 2020 and are not applicable to any other Members and guests had a blast with thepromotional offer or Members discount. singing chef at our Welcome Back lunch.October 2020 NSW Masonic Club3'