Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 2012 NSW Masonic Club October 2016 12 NSW Masonic Club October 2016 ANNUAL REPORT 2016 ANNUAL REPORT 2016 Your directors present their report on the New South Wales Masonic Club, a Company, (the “Club”) for the financial year ended 30 June 2016. The names and qualifications of the directors in office at any time during, or since the end of, the year are: Stephen George Bates, B. Bus, CA. Elected to the Board in 1996. Occupation: Director, Watson Erskine & Co Pty Ltd, Chartered Accountants. President since 23 November 2015. Graham Leonard Berry, OAM Elected to the Board in 2001. Ceased to be a director on 23 November 2015. Vice President in 2003. Acting President from 6 October 2004. President from 28 November 2005 to 23 November 2015. Occupation: Practised as a Solicitor in Sydney from 1960 to 2005. Retired. Graham William Byrne, BA, MAICD, Justice of the Peace Elected to the Board on 26 November 2007. Occupation: Managing Director, Graham Byrne & Associates Pty Ltd, Management Consultants. Special Responsibilities: Convenor, Finance Committee. Francis (Frank) Mervyn Deane, Dip. Law Elected to the Board on 1 August 2007. Elected Vice President on 1 July 2009. Ceased to be a director on 23 November 2015. Occupation: Retired Solicitor. Special Responsibilities: Vice President; Member, House Supply and Staff Committee. Robert Eaglesham, Dip. AII Elected to the Board on 23 November 2015. Occupation: Company Director. Special Responsibilities: Member, Finance Committee. Allan Ezzy, AM, APM, Justice of the Peace Elected to the Board on 28 November 2011. Occupation: Police Officer. Retired. Special Responsibilities: Convenor, House Supply and Staff Committee. Alice (Kate) Foot Elected to the Board on 23 November 2015. Occupation: Company Director. Special Responsibilities: Member, House Supply and Staff Committee. Roger Gregory, Justice of the Peace Elected to the Board on 25 November 2013. Deceased on 12 September 2015. Occupation: Qantas Airways from 1968 to 1993. Parramatta Council Alderman and Councillor from 1983 to 1999. Retired. Special Responsibilities: Member, Finance Committee. John Joseph Moore, AM, RFD, ED, HDA, CMC Elected to the Board on 2 July 2008. Elected Vice President on 23 November 2015. Occupation: Public Relations Consultant & Authorised Marriage Celebrant. Special Responsibilities: Vice President; Member, House Supply and Staff Committee. Peter Read, B. Bus, CPA, Justice of the Peace Elected to the Board on 23 November 2015. Occupation: Strategic Operations & Commercial Manager, Link-up International Pty Ltd. Special Responsibilities: Treasurer; Member, Finance Committee. Stephen Caldwell Wearne, FCA Elected to the Board on 2 March 2005. Occupation: Director, Boroughs Australia Pty Ltd, Chartered Accountants. Special Responsibilities: Member, Finance Committee. Peter Zeilic, B. Sc., B. Arch, M. Proj Mgmt, Justice of the Peace Elected to the Board on 23 November 2009. Occupation: Managing Director, Peter Zeilic Pty Ltd, trading as Dimension 5 Design Architecture & Project Management. Special Responsibilities: Member, House Supply and Staff Committee. Directors have been in office since the start of the financial year to the date of this report unless otherwise stated. Meetings of Directors During the financial year, the Board of Directors met on 13 occasions and the House, Supply and Staff Committee and the Finance Committee each met on 12 occasions. The number of meetings attended by each director during the year out of the total number possible were: Board Committees SG Bates 13/13 16/19 JJ Moore 11/13 10/12 GW Byrne 12/13 12/12 SC Wearne 12/13 11/12 P Zeilic 9/13 9/12 A Ezzy 13/13 11/12 P Read 6/7 6/7 K Foot 7/7 7/7 R Eaglesham 5/7 6/7 GL Berry 6/6 9/10 FM Deane 4/6 2/5 R Gregory 3/4 2/2 Company Secretary Mr Stephen George Bates, director, also held the position of Company Secretary throughout the year. Club’s Objectives The Club’s short term objectives are to: • Provide its Members with bars, restaurant/ bistro, meeting rooms, function rooms, card room and gaming facilities and a high quality of service; • Provide Members and guests with high quality accommodation facilities; • Provide Members and guests with service of the highest practical level; • Provide Members and guests with a high standard of food and beverage offering; and • Provide appropriate training for staff. The Club’s long term objectives are to: • Continually upgrade the quality of the hotel in order to maximise its commercial returns for the overall betterment of the Club and the facilities it provides to its Members; and • Continually upgrade the quality of service offered by staff. To achieve these objectives the Club has adopted the following strategies: • Development of an integrated capital improvements program funded from retained and current earnings; • Development of a refurbishment and maintenance program designed to uphold the heritage status of the building and enhance the quality of the facilities available to Members; and • Maintenance of best practice technology to maximise returns from accommodation and ancillary revenue streams for the benefit of the Club. Principal Activities The principal activities of the Club during the year were to provide Members with amenities and facilities usually associated with a Licensed Social Club and to operate a boutique hotel at not less than a four-star standard. No significant change in the nature of these activities occurred during the year. These activities have assisted in achieving the short and long term objectives of the Club by being consistent in all respects with those objectives. The Club measures its performance against its short and long term objectives by: • Conducting surveys of Members; • Monitoring financial performance against projected cash flows and forecasts on a regular basis; • Encouraging and responding to feedback on its website; • Encouraging and responding to comments made by hotel guests; and • Encouraging and responding to comments made by Members. Operating Results The profit for the year amounted to $272,471 (2015 – loss of $240,356) after allowing for income tax expense. Review of Operations Whilst the hospitality and accommodation industry continued to be extremely competitive during the year, the Club achieved higher hotel occupancy and average room rate, partly due to a new booking system, which in turn resulted in a significant increase in the contribution made by the accommodation segment to the Club’s overall results. Food and beverage revenue was also higher than the previous year with the result that the contribution achieved from all of the DIRECTORS’ REPORT FOR THE YEAR ENDED 30 JUNE 2016 NEW SOUTH WALES MASONIC CLUB ABN 79 000 003 289