b'NoTes To The FiNaNCiaL sTaTemeNTs DireCTors DeCLaraTioNFOR THE yEAR ENDED 30 JUNE 2021NOTE 22:EVENTS AFTER THE REPORTING PERIOD (continued)ThedirectorsoftheNewSouthWalesMasonicClub(theCompany) from the Metro construction works. However, the future effect of suchdeclare that:constructionworksontheClubsbuildingandoperationscannotbe1.The financial statements and notes are in accordance with the determined at this stage. Corporations Act 2001 and:The Club is progressing its obligations under the Sydney City Council(a)comply with Australian Accounting StandardsSimplified (SCC) issued Fire Safety Order, supported by our fire safety engineersDisclosures applicable to the Company; andand heritage consultants to develop a timeline and engineered solution(b)give a true and fair view of the financial position as at 30 June 2021 that preserves the heritage character of the Clubs building. Substantialand performance for the year ended on that date of the Company,capital expenditure is likely to be incurred once funds permit. 2.in the directors opinion there are reasonable grounds to believe that On 25 June 2021, the Government announced forced closure of registeredthe Company will be able to pay its debts as and when they become and licensed clubs, licensed premises in hotels and pubs, entertainmentdue and payable.venues and cinemas, casinos and nightclubs effective from 5 pm 25 JuneThis declaration is made in accordance with a resolution of the Board of 2021 until 11 October 2021. As such, the Club was closed for all food,Directors. beverage and function activities for this period. Prior to the date of this report, the NSW Government had announced that all clubs can re-open aroundmid-October,butmostlikelyunderrestrictedconditionssuch as social distancing. Such rules are changing day to day. The financial impact of these rules cannot be predicted. STEPHEN G BATESNoothermattersorcircumstanceshavearisensincetheendofthe(President)financial year which significantly affected or may affect the operations ofDated: 6th day of October 2021the Club, the result of those operations, or the state of affairs of the Club in future financial years.NOTE 23:SPECIAL REPORTING REqUIREMENTSiNDepeNDeNT aUDiTors reporT The Registered Clubs Act (as amended) requires the Club to make availableTO THE MEMBERS OF NEW SOUTH WALES MASONIC CLUBto Members the following information in relation to the financial year:(i)There were no contracts of employment with a top executive of the Club approved during the reporting period.Report on the Audit of the Financial Report(ii)Purpose and details of overseas travel by a director orOpinionemployee of the Club.Nil We have audited the financial report of New South Wales Masonic (iii)Total profits/(losses) from gaming machines in the Club during the Club (the Company), which comprises the statement of financial 12 month period ended 30 November in the financial position as at 30 June 2021, the statement of profit or loss and other year to which this report relates.($700) comprehensive income, the statement of changes in equity and the (iv)Amount applied by the Club to community development and statement of cash flows for the year then ended, and notes to the support during the 12 month period ended 30 Novemberfinancial report, including a summary of significant accounting policies, in the financial year to which this report relates.Nil and the directors declaration.(v)Loans made to employees of the Club.Nil In our opinion the accompanying financial report of New South Wales (vi)Consultants to the Club that were paid in excess of $30,000: Masonic Club, is in accordance with the Corporations Act 2001, Dimension 5 Design - $55,328. including: (vii)Total consultancy fees paid, excluding amounts disclosed above -$63,973 (i)Giving a true and fair view of the Companys financial position as (viii) There was no settlement made with a Member of the governing body orat 30 June 2021 and of its financial performance for the year ended employee as a result of a legal dispute and no associated legal fees. on that date; and (ix)No legal fees were paid on behalf of a Member of the governing body(ii)Complying with Australian Accounting StandardsSimplified or an employee. Disclosures and the Corporations Regulations 2001. (x)The Core Property of the Club as at 30 June 2021 was the property known as 169-173 Castlereagh Street, Sydney. Basis for opinion As at that date there was no Non-Core Property of the Club. We conducted our audit in accordance with Australian Auditing (xi)Set out below are disclosures made by a director, top executive orStandards.Our responsibilities under those standards are further employee in relation to: described in the Auditors responsibilities for the audit of the Financial A material personal interest that a director has in a matter relating toReport section of our report.We are independent of the Company the affairs of the Clubnil. in accordance with the Corporations Act 2001 and the ethical A personal or financial interest of a director or top executive in a contractrequirements of the Accounting Professional and Ethical Standards relating to the procurement of goods or services or any major capitalBoards APES 110 Code of Ethics for Professional Accountants works of the Club: (including Independence Standards) (the Code) that are relevant to our Peter Zeilic - $55,328. audit of the financial report in Australia.We have also fulfilled our other Any financial interest of a director or top executive in a hotel situatedethical responsibilities in accordance with the Code.within 40 kilometres of the Clubs premisesnil. We confirm that the independence declaration required by the A gift or remuneration of $1,000 or more from an affiliated body ofCorporations Act 2001, which has been given to the directors of the the Club or from a person or body that has entered into a contractCompany, would be in the same terms if given to the directors as at the with the Clubnil. time of this auditors report.(xii)Donations made to the Clubs internal sub-clubs, other entities utilisingWe believe that the audit evidence we have obtained is sufficient and the Clubs facilities and charitable institutions amounted to $4,050. appropriate to provide a basis for our opinion. Other information Training The directors are responsible for the other information.The other The Board of Directors has met its governance obligations under Part 6 ofinformation obtained at the date of this auditors report is information the Registered Clubs Regulations 2015. The following directors and Generalincluded in the annual report, but does not include the financial report Manager (Club Secretary) have completed the required training, as prescribed: and our auditors report thereon. Stephen BatesDirector Our opinion on the financial report does not cover the other information William RedpathDirector and accordingly we do not express any form of assurance conclusion Robert EagleshamDirector thereon. Paul BraschGeneral Manager In connection with our audit of the financial report, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial report or our knowledge obtained in the audit, or otherwise appears to be materially misstated.18NSW Masonic Club October 2021'