Journal and Balance Sheet

2009

Annual General Meeting to be held Sunday

1st November 2009 at 10.30am

GOULBURN WORKERS CLUB LIMITED

ABN 67 001 003 596

THIRTY SEVENTH ANNUAL GENERAL MEETING

(since incorporation)

Notice is hereby given that the Thirty Seventh Annual General Meeting of the Goulburn Workers Club Limited will be held on the 1^st November, 2009 commencing at 10.30am. The meeting will be held in the McKell Lounge at the Club, McKell Place , Goulburn , New South Wales .

AGENDA

To confirm the minutes of the Thirty Sixth Annual General Meeting held on the 2^nd November, 2008.

To receive and consider:

Presidents Report.
Trading, Profit and Loss Accounts for the year ended 30^th June, 2009.
Balance Sheet for year ended 30^th June, 2009.
Special Business of which due notice has been received.

FIRST RESOLUTION

That approval is given to the provision of the following benefits to the Directors of the Club in respect to their services as members of the Board of Directors:

A Club uniform which includes jacket, trousers, shirt and tie as required.
Cost to cover attendance at conferences and any relevant training courses so they may carry out their duties and responsibilities as directors.
The reasonable cost of meal and beverages for each Director or Senior Management Officer at an appropriate time before or after a Board or Committee Meeting and which is incurred on the day of that Meeting. Reasonable expenses incurred by a Director either within the Club or elsewhere in relation to the duties of a Director, including the entertainment of special guests of the Club in relation to Club business and such other promotional activities as may be approved by the Board. Reasonable expenditure of food and refreshments for Directors and Senior Management Officers in entertaining guests of the Club in the Club dining rooms, where such expenditure is reasonable and properly incurred in the course of that Director’s or Senior Management Officer’s Club duties.

Note to Members

The above resolution ensures that the Club comply with Corporations Law and the Registered Clubs Act.

SECOND RESOLUTION

That the President be paid an honourarium of $194.00 per week in respect of his services as President of the Club, such sum to be paid weekly in arrears.

THIRD RESOLUTION

That each of the Directors be paid an honourarium of $120.00 per month, such sum to be in respect of their services as a member of the Board and to reimburse them their out of pocket expenses in attending such meetings and this is payable quarterly in arrears.

FOURTH RESOLUTION

That pursuant to the Registered Clubs Act, the members hereby approve and agree to the expenditure by the Club in a sum not exceeding $30,000 until the next Annual General Meeting of the Club for the purpose of the Directors holding Strategic Board Meetings, Building Committee Meetings and Workshops to discuss the long-term planning of the Club.

FIFTH RESOLUTION

The pursuant to the cost of an ordinary member’s subscription be increased to $8.00 per annum.

SIXTH RESOLUTION

That, in line with Corporate Policy, the constitution be updated to reflect changes in the Liquor Act 2007, the Liquor Regulation Act 2008 and the Gaming Machine Amendment Act 2008.

Peter J Walker

Chief Executive Officer

By direction of the Board

Dated 1^st October 2009

Questions Regarding Finance.

Members wishing to ask questions regarding finance at the Annual General Meeting are asked to convey those questions in writing to the Chief Executive Officer by Monday 26^th October, 2009. This allows staff time to carry out the necessary research.

P J Walker

Chief Executive Officer

PRESIDENT’S REPORT.

It is my pleasure in presenting our Club’s Annual Report to all our members. It is again through the effort and dedication of our Board, Management and Staff and you the Members that the Club has had a year where we could provide a facility that moved with the times and all the restrictions and upheaval of the smoking issues, drought and financial pressures. The new smoking laws came into effect on 2^nd July 2007, and as predicted in previous reports the revenue of the Club had dropped by some 17%. Despite this through effective management of the Club’s accounts and some hard decisions from the Board of Directors the Club has traded better than most other Clubs of the same size throughout the State, and is now showing a pleasing improving trend with this years result being most gratifying - a profit of $243,859 after a deficit last year of $223,775.

Once again the Clubs inner sports clubs and social clubs have been very active, growing or maintaining their membership numbers. Again there has been success with the Clubs sporting teams. Whilst participating in local competitions behaviour of club representatives on and off the field has been of a high standard and certainly pleasing, and I’m also pleased to report that the Arena facilities, including the Indoor Sports Centre, has again been popular with the community and Club members. Congratulations to all members of the inner sports and social clubs. I appreciate and acknowledge all the hard work provided to make each inner club successful. Thanks again to all involved.

To our catering team Steve Walker and Deborah Gabelle, I would like to thank them and their staff for their contribution to our members and facilities.

In conclusion I would like to thank my fellow Board Members for their co-operation and dedication to this Club. Board members have given many hours of their own time to ensure the Boards responsibilities have been delivered by attending many different sub-committee meetings - it again has been great working with you. To Peter Walker and his staff a big thanks goes to you for the way you have carried out the day to day operation of our Club during some of the most trying times the Club has recently experienced. Also thank you to Penny and Priscilla for your support. To all those who have lost their loved ones throughout the year I would like to offer my deepest sympathy. I would like to welcome all our new members, and thank very much all our members for their loyalty and support. I look forward to the times ahead and to seeing you in your Club in the near future.

Tony Dawson,

PRESIDENT.

CHIEF EXECUTIVE OFFICER’S REPORT.

Our industry has faced some of the most challenging hurdles that any business could face over the past several years.

Whilst we have faced the smoking restrictions as well as the economic crisis we have also had to deal with increased costs by way of gaming taxation and increases in power, general services and wages.

Through all of this we have been able to turn a 2008 deficit of $223,000 into a profit of almost $244,000, a very pleasing result. The rewarding issue from the last financial year is that our services to members and the support the Club has been able to inject back into our local area has not been too severely reduced. With donations and funds injected into our sporting and community groups we have seen almost $400,000 spent by way of the Community Development Support Scheme.

Some of our increased costs have seen our gaming tax increase this year by an additional $180,000 to a total of almost $1.3 million dollars, and our rates and water to provide a community facility is almost $150,000 per year.

But if you take up our profit figure of $244,000 and add back our depreciation of over $1.26 million it shows a healthy change in this year’s financials.

To Tony and his fellow Directors, I thank you for your support throughout the year, and the staff both frontline and back of house, your support to our members has been of a high standard.

I am not going to point out individuals, but to the members of our Club that, during these very trying economic times have not only taken, but initiated fundraising activities at the Workers to improve our local community services. These benefits will continue on with their much needed support in the region – thank you. The partnership between the Club and these groups has provided invaluable community steps forward for our membership to support.

To my wife Cath and son Tom thank you for your support, and please remember, if our members support their Club then their Club can support our community.

Peter Walker,

CHIEF EXECUTIVE OFFICER.

Grant Business Management.

The main source of revenue for the year was the poker machines with nett income of $3,471,390, which is an increase of 9% over the previous year after allowing for an increase of $181,272 in gaming tax. Bar turnover increased by 5%.

For the period 1 September 2007 to 31 August 2008 the profit attributable to gaming was $3,440,494 and $391,269 was applied to Community Development & Support Expenditure (CDSE).

Members funds have increased by $243,859 after allowing for $1,260,952 in depreciation for the year.

The Goulburn Workers Club remitted taxes totalling $2,301,492 to state and federal governments for the year.

Ray Grant ANIA

Grant Business Management

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

DIRECTORS’ REPORT FOR THE YEAR ENDED 30 JUNE 2009

The Directors present their report together with the Balance Sheet as at 30 June 2009 and supporting

financial statements for the year ended that date and in accordance with a resolution of Directors

report as follows:

DIRECTORS

The names of the Directors of the Goulburn Workers’ Club Limited (“the Club”) during the whole

financial year and until the date of this report (except as otherwise noted) are as follows:

A Dawson – President 				G McAleer 	 
· Member of the Board for 14 years 		· Member of the Board for 12 years 	 
· Supervisor 					· Retired

 	 
B Dell – Senior Vice President 			T McEachan 	 
· Member of the Board for 12 years 		· Member of the Board for 11 years 	 
· Train Shunter 					· RTA Inspector

 	 
B Bugden – Junior Vice President 		R Pollack 	 
· Member of the Board for 5 years 		· Member of the Board for 19 years 	 
· Fabricator 					· Relief Driver

 	 
C Brown – (appointed 2 November 2008) 	W Sharwood 	 
· Member of the Board for 1 year 			· Member of the Board for 5 years 	 
· Store person 					· Store Manager

M Humphries 		 
· Member of the Board for 8 years 		 
· Truck Driver

COMPANY SECRETARY

The company secretary at the end of the financial year was Mr Peter Walker. Mr Walker has

worked for the Goulburn Workers Club for the past 8 years, performing management roles in the

hospitality industry. Mr Walker was appointed company secretary on 15 March 2002.

PRINCIPAL ACTIVITIES

The nature of operations and principal activities of the Club during the financial year remained

unchanged and were the provision of social, cultural, sporting and entertainment for the welfare of

members.

The Club is incorporated as a company limited by guarantee in NSW, Australia, having its

registered office and principal place of business at McKell Place, Goulburn, NSW.

RESULTS

The profit for the year was $243,859 (2008 deficit: $223,775).

REVIEW OF OPERATIONS

The Club’s surplus for the year was $243,859 compared to a deficit of $223,775 in the previous

financial year.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

DIRECTORS’ REPORT FOR THE YEAR ENDED 30 JUNE 2009 (Continued)

SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS

There have been no significant changes during the year in the state of affairs of the Club.

MATTERS SUBSEQUENT TO THE END OF THE FINANCIAL YEAR

At the date of this report there does not exist any matter or circumstance that has arisen since the

end of the financial year that has or may significantly affect the operations of the Club.

DIVIDENDS

The Club is a company limited by guarantee and accordingly no shares, debentures or options have

been issued by the Club and no dividends have been recommended or paid since the commencement

of the financial year.

DIRECTORS’ BENEFITS

Since the end of the previous financial year, no director has received or become entitled to receive a

benefit, other than a benefit included in the aggregate amount of emoluments received or due and

receivable by Directors shown in the accounts or the fixed salary of a full-time employee of the

company, by reason of a contract made by the company or a related corporation with the Director or

with a firm of which he is a member or with a company in which he has a substantial financial

interest.

During the year, the Club paid $3,042 (2008: $3,465) to insure the Directors and Officers of the Club.

The liabilities insured against include costs and expenses that may be incurred in defending civil or

criminal proceedings that may be brought against the officers and Directors of the Club in their

capacity as officers and Directors of the Club.

It is also noted that;

· There were no occasions where Directors reported a material personal interest in a matter

relating to the Club’s affairs;

· There were no occasions where Directors or top executives reported a financial interest

in a hotel in NSW;

· There were no grants made out to an affiliated body of the Club in the past 12 months;

· No employees or Directors undertook overseas travel on behalf of the Club during the

year;

· No loans were granted to Directors or employees at any stage during the year;

· No close relatives of Directors or top executives received, or became entitled to receive

any remuneration during the year;

· There was one contract negotiated or renewed with a top executive during the year;

· There was no Controlled Contract approved by the Board and forwarded to the Director

of Liquor and Gaming;

· Total profits made from gaming for the 12 months ending 30 June 2009 were

$3,798,079;

· The total amount applied to community development and support during the twelve

months to June 2009 was $391,269;

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

DIRECTORS’ REPORT FOR THE YEAR ENDED 30 JUNE 2009 (Continued)

DIRECTORS’ BENEFITS (Continued)

· There were no legal settlements made with any members of the board or any employees

during the year;

· There were no legal fees paid on behalf of the board or any employees during the year,

and;

· No gifts from affiliates or contractors of the Club were received with a total value in

excess of $500.

CONSULTANTS USED BY THE CLUB

During the financial year the Club used a number of consultants, the following received in excess of

$30,000:

Visionads Pty Ltd received $36,227 (2008: $34,700).

Visionads provided analysis and advice on the operations of the Club’s poker machines as well as

market research, data management and information technology services. Visionads provided a

facilitator at Board and management workshops and assisted the Club to develop, implement and

monitor policies and procedures in a range of areas, with a focus on food safety. The above fees also

include travelling costs and out of pocket expenses.

Grant Business Management: $53,455 (2008: $53,455).

Grant Business Management provided data processing, bookkeeping, financial accounting and

management accounting services.

Grant Business Management provided monthly Profit and Loss Statements for each section of the

Club, monthly Balance Sheets, bank reconciliations, management accounts for executives and the

board and preparation of documents and financial records for the annual audit. Business Activity

Statements and quarterly bank financial data is also provided.

The fee includes attendance at meetings.

DIRECTORS’ ATTENDANCE AT MEETINGS

Combined Board and Finance Meetings

The Club held 12 combined board and finance meetings during the year ended 30 June 2009. The

number of meetings attended by each Director while in office were:

	Number of meetings	Number of
	held while in office	meetings attended
A Dawson	12	12
B Dell	12	6
B Bugden	12	12
C Brown	8	8
M Humphries	12	11
G McAleer	12	10
T McEachan	12	11
R Pollack	12	10
W Sharwood	12	12

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

DIRECTORS’ REPORT FOR THE YEAR ENDED 30 JUNE 2009 (Continued)

DIRECTORS’ ATTENDANCE AT MEETINGS (Continued)

Sundry sub-committees who held meetings at various times throughout the year:

Executive Committee: A Dawson, B Bugden, B Dell, G McAleer, T McEachan, R Pollack

Building Committee: A Dawson, B Bugden, G McAleer, M Humphries, W Sharwood,

House Committee: A Dawson, B Dell, G McAleer, T McEachan, W Sharwood, C Brown

Arena Committee: B Bugden, B Dell, R Pollack, W Sharwood

Gaming/Finance Committee: A Dawson, B Bugden, B Dell, G McAleer, W Sharwood,

Sports Council Delegates: B Bugden, B Dell, C Brown

Poker Machine Committee: A Dawson, B Bugden, W Sharwood, Reserve B Dell, C Brown

AUDITOR’S INDEPENDENCE DECLARATION

A copy of the auditor’s independence declaration as required under section 307C of the

Corporations Act 2001 follows this Directors’ Report.

On behalf of the Board

Goulburn 23 September 2009

Level 7 St George Centre

60 Marcus Clarke Street

GPO Box 500

Canberra ACT 2601

Tel (02) 6279 5400

Fax (02) 6279 5444

mail@duesberysnexia.com.au

www.duesberrynexi.com.au

AUDITOR’S INDEPENDENCE DECLARATION

UNDER SECTION 307C OF THE CORPORATIONS ACT 2001

TO THE DIRECTORS OF

GOULBURN WORKERS’ CLUB LIMITED

I declare that, to the best of my knowledge and belief, during the year ended 30 June 2009

there have been:

i. no contraventions of the independence requirements of the Corporations Act in

relation to the audit; and

ii. no contraventions of any applicable code of professional conduct in relation to

the audit.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

BALANCE SHEET

AS AT 30 JUNE 2009

2009 2009

Notes $ $

CURRENT ASSETS

Cash and cash equivalents 3 854,820 208,530

Trade and other receivables 4 49,561 69,684

Inventories 5 83,709 95,702

Other current assets 6 159,095 168,311

TOTAL CURRENT ASSETS

1,147,185 542,227

NON CURRENT ASSETS

Property, plant and equipment 7 13,397,022 14,101,934

Intangible assets 8 240,161 240,161

TOTAL NON CURRENT ASSETS 13,637,183 14,342,095

TOTAL ASSETS 14,784,368 14,884,322

CURRENT LIABILITIES

Trade and other payables 9 534,543 683,572

Provisions 10 257,824 236,997

Financial liabilities 11 3,047,710 3,295,695

Other current liabilities 12 86,252 53,878

TOTAL CURRENT LIABILITIES 3,926,329 4,270,142

TOTAL LIABILITIES 3,926,329 4,270,142

NET ASSETS $ 10,858,039 $ 10,614,180

EQUITY

Reserves 2,768,601 2,768,601

Retained surpluses 8,089,438 7,845,579

TOTAL EQUITY $ 10,858,039 $ 10,614,180

GOULBURN WORKERS' CLUB LIMITED ABN 67 001 003 596 STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

Notes $ $

Asset revaluation reserve 2,768,601 2,768,601

Retained surpluses 8,089,438 7,845,579

TOTAL EQUITY $ 10,858,039 $ 10,614,180

Movements during the year were:

(a)
Asset revaluation reserve

The asset revaluation reserve records
revaluation increments and decrements in
accordance with Accounting Standards.

Opening balance
2,768,601 2,768,601

Net movement
- -

Closing balance
$ 2,768,601 $ 2,768,601

(b)
Retained surpluses

Opening balance
7,845,579 8,069,354

Net surplus/(deficit)
243,859 (223,775 )

Closing balance
$ 8,089,438 $ 7,845,579

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

CASH FLOW STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

Notes
$ $

CASH FLOW FROM OPERATING ACTIVITIES

Receipts from members, guests and others 10,932,731 10,118,848

Interest received 6,406 5,989

Interest paid (217,935 ) (306,734 )

Payments to suppliers and employees (9,312,873 ) (9,000,769 )

Net cash provided by operating activities
15(b)

1,408,329

817,334

CASH FLOW FROM INVESTING ACTIVITIES

Payments for property, plant and equipment (514,054 ) (2,299,934 )

Net cash used in investing activities (514,054 ) (2,299,934 )

CASH FLOW FROM FINANCING ACTIVITIES

Receipts from borrowings - 1,331,610

Repayment of borrowings (158,522 ) -

Net cash provided by financing activities (158,522 ) 1,331,610

Net increase/(decrease) in cash held 735,753 (150,990 )

Cash at the beginning of the financial year 119,067 270,057

Cash at the end of the financial year 15(a) $ 854,820 $ 119,067

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 1 STATEMENT OF ACCOUNTING POLICIES

The financial report is a general purpose financial report that has been prepared in accordance with

Australian Accounting Standards, including Australian Accounting Interpretations and other

authoritative pronouncements of the Australian Accounting Standards Board and the Corporations

Act 2001.

Goulburn Workers’ Club Ltd (the Club) is a company limited by guarantee, incorporated and

domiciled in Australia. The financial report covers the Club as an individual entity.

The financial report of the Club complies with all Australian equivalents to International Financial

Reporting Standards (AIFRS) in their entirety.

A number of Australian Accounting Standards have been issued or amended prior to the date of this

report but are only applicable to future reporting periods and accordingly have not been applied in

preparing this financial report. The Directors are of the opinion that when the relevant Accounting

Standards are first applied, there will be no material impact on the accounting policies of the

Company and no material impact on the income statement or balance sheet of the Company.

Application of the pending standards will have a minor impact on disclosures presently made in the

financial statements.

The following is a summary of the material accounting policies adopted in the preparation of the

financial report. The accounting policies have been consistently applied, unless otherwise stated.

Basis of Preparation

Reporting Basis and Conventions

The financial report has been prepared on an accruals basis and is based on historical costs modified

by the revaluation of selected non-current assets, and financial assets and financial liabilities for

which the fair value basis of accounting has been applied.

Accounting Policies

(a) Income Tax

The Club is exempt from income taxation under the relevant provisions of the Income Tax

Assessment Act 1997.

(b) Inventories

Inventories are measured at the lower of cost and net realisable value. The cost includes direct

materials, direct labour and an appropriate portion of variable and fixed overheads. Overheads are

applied on the basis of normal operating capacity. Costs are assigned on the basis of weighted

average costs.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 1 STATEMENT OF ACCOUNTING POLICIES (CONT’D)

(c) Property, Plant and Equipment

Each class of property, plant and equipment is carried at cost or fair value less, where applicable any

accumulated depreciation and impairment losses.

Where a revaluation has been performed, any accumulated depreciation at the date of the

revaluation is eliminated against the gross carrying amount of the asset and the net amount is

restated to the revalued amount of the asset.

The carrying amount of property, plant and equipment is reviewed at each balance sheet date to

ensure it is not in excess of the recoverable amount from these assets. The recoverable amount is

assessed on the basis of the expected net cash flows that will be received from the assets

employment and subsequent disposal. The expected net cash flows have been discounted to their

present values in determining recoverable amounts.

An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s

carrying amount is greater than its estimated recoverable amount.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as

appropriate, only when it is probable that future economic benefits associated with the item will

flow to the Club and the cost of the item can be measured reliably. All other costs (eg. repairs and

maintenance) are charged to the income statement during the financial period in which they are

incurred.

Increases in the carrying amount arising on revaluation of assets are credited to a revaluation reserve

in shareholder’s equity. Decreases that offset previous increases of the same asset are charged

against fair value reserves directly in equity; all other decreases are charged to the income statement.

The assets’ residual values and useful lives are reviewed, and adjusted if appropriate, at each

balance sheet date.

Gains and losses on disposals are determined by comparing proceeds with the carrying amount.

These gains and losses are included in the income statement. When revalued assets are sold,

amounts included in the revaluation reserve relating to that asset are transferred to retained earnings.

Depreciation

The depreciable amounts of all fixed assets including capitalised leased assets are depreciated on

either a straight line or diminishing value basis over their estimated useful lives to the entity

commencing from the time the asset is held ready for use. Leasehold improvements are depreciated

over the shorter of either the unexpired period of the lease or the estimated useful lives of the

improvements.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 1 STATEMENT OF ACCOUNTING POLICIES (CONT’D)

(d) 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 entity are classified as finance leases.

Finance leases are capitalised, recording an asset and a liability at the lower of the amounts equal to

the fair value of the leased asset or the present value of the minimum lease payments, including any

guaranteed residual. Lease payments are allocated between the reduction of the lease liability and

the lease interest expense for the period.

Leased assets are depreciated over their estimated useful lives.

Lease payments for operating leases, where substantially all the risks and benefits remain with the

lessor, are charged as expenses in the periods in which they are incurred.

Lease incentives under operating leases are recognised as a liability and amortised on a straight-line

basis over the life of the lease term.

(e) Financial Instruments

Recognition

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.

Financial assets at fair value through profit and loss

A financial asset is classified in this category if acquired principally for the purpose of selling in the

short term or if so designated by management and within the requirements of AASB 139 - Financial

Instruments: Recognition and Measurement. Gains and losses arising from changes in the fair value

of these assets are included in the income statement in the period in which they arise.

Loans and receivables

Loans and receivables are financial assets with fixed or determinable payments and are stated at

amortised cost using the effective interest rate method.

Held-to-maturity investments

These investments have fixed maturities, and it is the intention to hold these investments to

maturity. Any held-to-maturity investments held are stated at amortised cost using the effective

interest rate method.

Available-for-sale financial assets

Available-for-sale financial assets include any financial assets not included in the above categories.

Available-for-sale financial assets are reflected at fair value. Unrealised gains and losses arising

from changes in fair value are taken directly to equity.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 1 STATEMENT OF ACCOUNTING POLICIES (CONT’D)

(e) Financial Instruments (cont’d)

Financial liabilities

Financial liabilities are recognised at amortised cost, comprising original debt less principal

payments and amortisation.

Fair Value

Fair value is determined based on current bid prices for all quoted investments. Valuation

techniques are applied to determine the fair value for all unlisted securities, including recent arms

length transactions, reference to similar instruments and option pricing models.

Impairment

At each reporting date, an assessment is made of whether there is objective evidence that a financial

instrument has been impaired. In the case of available-for-sale financial instruments, a prolonged

decline in the value of the instrument is considered to determine whether an impairment has arisen.

Impairment losses are recognised in the income statement.

(f) Impairment of Assets

At each reporting date, the Club reviews the carrying values of its tangible and intangible assets to

determine whether there is any indication that those assets have been impaired. If such an

indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less

costs to sell and value in use, is compared to the asset’s carrying value. Any excess of the asset’s

carrying value over its recoverable amount is expensed to the income statement.

Where it is not possible to estimate the recoverable amount of an individual asset, the recoverable

amount of the cash generating unit (CGU) to which the asset belongs is estimated.

(g) Intangible Assets

Intangible assets acquired separately are initially measured at cost. The Club’s intangible assets are

comprised of poker machine entitlements. The poker machine entitlements are capitalised when

purchased at cost. The entitlements have an infinite useful life as there is no expiry date attached to

the entitlements.

(h) Employee Benefits

Provision is made for the liability for employee benefits arising from services rendered by

employees to balance date. The benefits expected to be settled within one year to employees for

their entitlements have been measured at the amounts expected to be paid including on-costs and are

disclosed as current liabilities. Employee benefits payable later than one year are measured at the

present value of the estimated future cash outflows to be made in respect of those benefits. In

calculating the present value of future cash flows in respect of long service leave, the probability of

long service leave being taken is based upon historical data.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 1 STATEMENT OF ACCOUNTING POLICIES (CONT’D)

(i) Cash and cash equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short term

highly liquid investment with original maturities of three months or less, and bank overdrafts. Bank

overdrafts are shown within short term borrowings in current liabilities on the balance sheet.

(j) Revenue

Revenue from poker machine clearances is the amount of monies collected from the poker machine,

net of the amount paid out as winnings to customers.

Revenue from the rendering of a service is recognised upon the delivery of the service to the

customers.

Revenue from the sale of goods is recognised upon the delivery of goods to customers.

Interest revenue is recognised on a proportional basis taking into account the interest rates

applicable to the financial assets.

Income from grant funding is recognised as the relevant grant funding requirements are satisfied

Grant funding received but not yet recognised as revenue is deferred to the balance sheet as income

in advance.

All revenue is stated net of the amount of goods and services tax (GST).

(k) 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.

Cash flows are presented in the cash flow statement on a gross basis, except for the GST component

of investing and financing activities, which are disclosed as operating cash flows.

(l) Comparatives

Where required by Accounting Standards, comparative figures have been adjusted to conform to

changes in presentation for the current financial year.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 1 STATEMENT OF ACCOUNTING POLICIES (CONT’D)

Critical Accounting Estimates and Judgments

The directors evaluate estimates and judgments incorporated into the financial report based on

historical knowledge and best available current information. Estimates assume a reasonable

expectation of future events and are based on current trends and economic data, obtained both

externally and within the Club.

The directors do not believe that there were any key estimates or key judgments used in the

development of the financial report that give rise to a significant risk of material adjustment in the

future.

NOTE 2 COMPANY LIMITED BY GUARANTEE

The liability of members is limited. Every member of the Club undertakes to contribute to the

assets of the Club in the event of the same being wound up during the time that he or she is a

member or within one year afterwards for the payment of the debts and liabilities of the Club

contracted before the time at which he/she ceases to be a member and of the costs, charges and

expenses of winding up the same and for the adjustment of the rights of the contributories amongst

themselves such amount as may be required not exceeding twenty dollars.

GOULBURN WORKERS' CLUB LIMITED
ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

$ $

NOTE 3 CASH AND CASH EQUIVALENTS

Cash at bank 627,606 -

Cash on hand 227,214 208,530

$ 854,820 $ 208,530

NOTE 4 TRADE AND OTHER RECEIVABLES

Debtors 13,493 17,331

Input tax credits recoverable 36,068 52,353

$ 49,561 $ 69,684

Current receivables 49,561 69,684

Non-current receivables - -

Total receivables $ 49,561 $ 69,684

Ageing of receivables

Not overdue 44,110 59,576

Less than 30 days overdue - -

30 to 60 days overdue 2,560 6,864

61 to 90 days overdue 2,201 -

More than 90 days 690 3,244

Total receivables $ 49,561 $ 69,684

NOTE 5 INVENTORIES

Stock on hand $ 83,709 $ 95,702

NOTE 6 OTHER CURRENT ASSETS

Accrued income 38,178 17,373

Prepayments 120,917 150,938

$ 159,095 $ 168,311

GOULBURN WORKERS' CLUB LIMITED
ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2009

2009 2007

$ $

NOTE 7 PROPERTY, PLANT AND EQUIPMENT

Freehold land - at cost 1,406,294 1,406,294

Buildings - at cost 8,149,870 8,104,125

Less accumulated depreciation (2,623,579 ) (2,437,861 )

5,526,291 5,666,264

Freehold improvements - at cost 7,593,054 7,510,624

Less accumulated depreciation (2,243,271 ) (1,720,281 )

5,349,783 5,790,343

Poker machines - at cost 3,075,844 2,706,008

Less accumulated depreciation (2,491,450 ) (2,161,198 )

584,394 544,810

Plant, furniture and equipment - at cost 3,760,299 3,671,100

Less accumulated depreciation (3,316,091 ) (3,026,798 )

444,208 644,302

Motor vehicles - at cost 125,918 116,709

Less accumulated depreciation (43,891 ) (71,987 )

82,027 44,722

Plant and equipment under lease 27,440 27,440

Less accumulated depreciation (23,415 ) (22,241 )

4,025 5,199

$ 13,397,022 $ 14,101,934

GOULBURN WORKERS' CLUB LIMITED ABN 67 001 003 596 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2009

NOTE 7 PROPERTY, PLANT AND EQUIPMENT (CONT’D)

2009
Movements in Carrying
Amounts Balance at
the
beginning
of the year Additions Disposals Revaluation
increments/
(decrements) Transfer
in/(out) Depreciation/
amortisation
expense
Balance at
the end of
the year

$ $ $ $ $ $ $

Freehold land at cost 1,406,294 - - - - - 1,406,294

Buildings at cost 5,666,264 45,745 - - - (185,718) 5,526,291

Motor vehicles at cost 44,722 90,796 (20,236) - - (33,255) 82,027

Freehold improvements at
cost 5,790,343 82,430 - - - (522,990) 5,349,783

Poker machines at cost 544,810 268,106 - - - (228,522) 584,394

Plant, furniture and
equipment at cost 644,30 89,199 - - - (289,293) 444,208

Plant, furniture and
equipment under lease 5,199 - - - - (1,174) 4,025

TOTAL 14,101,934 576,276 (20,236) - - (1,260,952) 13,397,022

2008
Movements in Carrying
Amounts Balance at
the
beginning
of the year Additions Disposals Revaluation increments/
(decrements) Transfer
in/(out) Depreciation/
amortisation expense Balance at
the end of
the year

$ $ $ $ $ $ $

Freehold land at cost 1,406,294 - - - - - 1,406,294

Buildings at cost 5,851,982 - - - - (185,718) 5,666,264

Motor vehicles at cost 66,452 - - - - (21,730) 44,722

Motor vehicles under lease - - - - - - -

Freehold improvements at
cost 4,492,938 1,793,074 - - - (495,669) 5,790,343

Poker machines at cost 460,309 283,607 - - - (199,106) 544,810

Plant, furniture and
equipment at cost 686,053 271,197 - - - (312,948) 644,302

Plant, furniture and
equipment under lease 6,750 - - - - (1,551) 5,199

TOTAL 12,970,778 2,347,878 - - - (1,216,722) 14,101,934

Class of Asset Rate Depreciation/ Amortisation method

Buildings – at cost 2.5% Straight line

Motor vehicles– at cost 22.5% Straight line

Motor vehicles – under lease 22.5% Straight line

Freehold improvements – at cost 2.5% - 7% (Generally 2.5%) Straight line

Poker machines – at cost 20% - 40% Straight line

Property, furniture and equipment – at cost 7% - 40% Straight line

Property, furniture and equipment – under lease 20% - 33% Straight line

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

$ $

NOTE 8 INTANGIBLE ASSETS

Poker machine entitlements- at cost
240,161

240,161

The Club currently has 110 (2008: 110) poker machines. Due to changes in the Gaming Machines

Act 2001 (the Act), each of these poker machines has an entitlement granted by the Liquor

Administration Board. These entitlements to hold poker machines can be traded between clubs and

therefore have a value. Based on recent trading of poker machine entitlements, the Directors

consider each entitlement to have a sale value of around $16,000. 100 of the Club’s entitlements

with a sale value of approximately $1,600,000 pre-date the Act and were granted free of charge and

accordingly have not been recognised on the Balance Sheet. A further 10 entitlements result from

purchasing 15 entitlements and forfeiting 5 entitlements as required by the Act. The purchase price

of these purchased entitlements has been capitalised and is disclosed above as “Poker machine

entitlements – at cost”.

In accordance with Australian Accounting Standards, the poker machine entitlements are not

amortised as they have an indefinite life.

Movements in Carrying
Amounts Balance at
the
beginning
of the year Additions Disposals Revaluationincrements/
(decrements) Transfer
in/(out) Depreciation/
amortisation
expense Balance at
the end of
the year

2009 $ $ $ $ $ $ $

Poker machine entitlements
at cost 240,161 - - - - - 240,161

2008

Poker machine entitlements
at cost 240,161 - - - - - 240,161

NOTE 9 TRADE AND OTHER PAYABLES

CURRENT

Trade creditors and accruals 447,515 600,077

GST collected and payable 87,028 83,495

$ 534,543 $ 683,572

NOTE 10 PROVISIONS

CURRENT

Provision for annual leave 92,616 82,390

Provision for long service leave 159,508 148,107

Provision for members lucky draw 5,700 6,500

$ 257,824 $ 236,997

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

$ $

NOTE 11
FINANCIAL LIABILITIES

CURRENT

Bank overdraft (secured)

Bank loans (secured) - 89,463

3,047,710 3,206,232

$ 3,047,710 $ 3,295,695



The secured bank loans are comprised of:

- a bill facility of $105,882 with a fixed interest rate of 3.84% maturing in

September 2009;

- a bill facility of $2,760,000 with a fixed interest rate of 3.84% maturing in

September 2009;

- a bill facility of $151,266 with a fixed interest rate of 4.29% maturing in July

2009; and

- an asset purchase facility of $30,562 with a fixed interest rate of 9.86%.

The secured bank loans and bank overdraft with the Commonwealth Bank are secured

by way of registered mortgages over the Club’s land and buildings. In addition, the

bank holds an equitable mortgage and floating charge over the stock, plant and

equipment and debtors of the Club. The Club has an overdraft limit of $100,000 which

is unused.

There are a number of conditions placed by the bank over the bank loan facility

provided to the Club. One of the conditions limits the amount of donations and grants

that can be spent as a percentage of net profit. The Club was not able to meet this

condition as it has to meet the Community Development Support Expenditure

requirements which requires a higher level of donation and grant expenditure.

NOTE 12 OTHER CURRENT LIABILITIES

Subscriptions in advance 17,543 22,516

68,709 31,362

$ 86,252 $ 53,878

NOTE 13 CAPITAL AND LEASING COMMITMENTS

There are no capital or leasing commitments during the year.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 14 FINANCIAL INSTRUMENTS

(a) Terms, Conditions and Accounting Policies

The accounting policies and terms and conditions of each class of financial asset, financial

liability and equity instrument at the balance date are consistent with those regularly

adopted by businesses in Australia.

(b) Financial Risk Management

The financial instruments consist mainly of deposits with banks, short term investments

and accounts receivable and payable. The entity does not trade or speculate in derivatives.

The main purpose of the financial instruments is to raise funds for normal activities and

invest excess funds in an appropriate manner.

(i) Financial risks and risk management

The main risks the entity is exposed to through its financial instruments are liquidity risk,

credit risk and interest rate risk.

Liquidity risk

The liquidity risk is managed by monitoring forecast cash flows and ensuring that

adequate short term funds are maintained.

The following table illustrates the maturities for financial liabilities:

On demand Less than 1 year 1 to 5 years Greater than 5 years Total

2009 2008 2009 2008 2009 2008 2009 2008 2009 2008

$ $ $ $ $ $ $ $ $ $

Financial Liabilities - - - - - - - -

Trade and other - - - - - - - - 447,515 600,077

payables 447,515 600,077 - - - - - - 89,463

Bank overdraft 89,463 - - - - - -

Secured loans - - 3,047,710 3,206,232 - - - - 3,047,710 3,206,232

- - - - - - - - - -

447,515 689,540 3,047,710 3,206,232 - - - - 3,495,225 3,895,772

Foreign currency risk

The entity is not exposed to fluctuations in foreign currencies.

Credit risk

The maximum exposure to credit risk at balance date in respect of recognised financial

assets, excluding the value of any collateral or other security, is the carrying amount, net

of any provisions for impairment of those assets, as disclosed in the balance sheet and

notes to the financial statements. This risk is monitored and managed by management

reviewing financial assets and ensuring collections are made on a timely basis and that

unacceptable concentrations of credit risk are avoided.

The entity does not hold any collateral against financial assets.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 14 FINANCIAL INSTRUMENTS (CONT’D)

Ageing of financial assets that are past due but not impaired:

2009 2008

$ $

Financial Assets -- -

Trade and other receivables - -

Carrying amount 13,493 17,331

Neither impaired or past due on the reporting date 8,042 7,223

Less than 30 days overdue - -

30 to 60 days overdue 2,560 6,864

61 to 90 days overdue 2,201 -

More than 90 days 690 3,244

13,493 17,331

Price risk

The entity is not exposed to any material commodity price risk.

Market risk

The entity is not exposed to any material market risk.

Interest rate risk

The entity’s exposure to interest rate risk is managed by the entity reviewing the interest

rate profile, current interest rates and the market outlook, and taking action as necessary to

ensure that risk levels are maintained at a satisfactory level. The entity’s exposure to

interest rate risk and the effective weighted average interest rate for each class of financial

assets and financial liabilities is set out below:

Floating Interest Rate
Fixed Interest Rate (<1 year) Fixed Interest Rate (1 to 8 years) Non Interest Bearing Total

2009 2008 2009 2008 2009 2008 2009 2008 2009 2008 2009 2008

$ $ $ $ $ $ $ $ $ $

Financial Assets

Cash and cash

equivalents 627,606 227,214 208,530 854,820 208,530

Trade and other receivables 13,493 17,331 13,493 17,331

- 627,606 240,707 225,861 868,313 225,861

Weighted average interest rate 2.25% n/a
n/a

Financial Libilities

Trade and other

payables - - - - - - 447,515 600,077

Bank Overdraft - 89,463 - - - - - 89,463

Secured Loans - - 3,047,710 3,206,232 - - - 3,206,232

- 89,463 3,047,710 3,206,232 - - 447,515 3,895,772

Weighted average

interest rate n/a 10.85% 3.84% 7.99% - - n/a n/a

Net financial liabilities (2,626,912) (3,669,911)

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 14 FINANCIAL INSTRUMENTS (CONT’D)

The entity’s exposure to cash flow interest rate risk relates to financial assets and

liabilities subject to floating interest rates. These risks arise due to the entity holding

cash and cash equivalents and short term investments. The entity minimises its

exposure by continuously analysing its interest rate exposure and by fixing interest rates

on deposits with banks and short term investments, where appropriate. There have been

no changes in the market risks, methods and assumptions from the previous period.

The following table details the effect on profit before tax and on equity if interest rates

on financial assets and financial liabilities had been 1% higher or lower and all other

variables were held constant. Considering the market outlook and the current interest

rates, management believes a 1% movement in interest rates is reasonably possible.

2009 Interest Rate Sensitivity 2008 Interest Rate Sensitivity

Carrying amount -1% +1% -1% +1%

2009 2007 Profit Equity Profit Equity Profit Equity Profit Equity

Financial Assets

Cash and

cash

equivalents 854,820 208,530 (6,276) (6,276) 6,276 6,276 - - - -

Trade and

other

receivables 13,493 17,331 - - - - - - -

Financial Liabilities

Trade and

other

payables 447,515 600,077 - - - - - - - -

Bank

overdraft - 89,463 - - - - 895 895 (895) (895)

Secured - - - - -

loans 3,047,710 3,206,232 22,881 22,881 22,881 22,881 24,047 24,047 (24,047) (24,047)

(c) Net Fair Values

Financial assets and financial liabilities are carried at their net fair value at balance date.

The carrying value of financial assets and financial liabilities approximate their net fair

value due to their short term maturity or market interest rate. No financial assets or

financial liabilities are traded on organised markets in standardised form.

(d) Credit Standby Arrangements

The club has an overdraft facility with a limit of $100,000 (2008: $100,000). At 30 June

2009, the unused portion was $100,000 (2008: $10,537). The club also has a bill facility

with a limit of $3,206,232 (2008: $3,206,232). At 30 June 2009, the unused portion was

nil (2008: $nil).

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 15 CASH FLOW INFORMATION

(a) Reconciliation of Cash

For the purpose of this statement of cash flows, cash includes cash on hand, cash at

bank, at call deposits with banks or financial institutions, net of bank overdrafts.

Cash at the end of the year for the purposes of the Cash Flow Statement comprises:

2009 2008

$ $

Bank overdraft - (89,463 )

Cash at bank 627,606

Cash on hand 227,214 208,530

$ 854,820 $ 119,067

(b) Reconciliation of cash flow from operations

with profit

Net Surplus/(Deficit) 243,859 (223,775 )

Non-cash flows in operating surplus

Gain on disposal of fixed assets (41,986 )` (24,601 )

Depreciation and amortisation 1,260,952 1,216,722

1,462,825 968,346

Changes in operating assets and liabilities

Increase/(Decrease) in employees provisions 20,827 (58,804 )

(Increase)/Decrease in receivables 20,123 (17,658 )

(Increase)/Decrease in prepayments 30,021 (15,431 )

(Increase)/Decrease in accrued income (20,805 ) (12,373 )

(Increase)/Decrease in stock on hand 11,993 28,178

Increase/(Decrease) in unredeemed beer futures

(34,897)

Increase/(Decrease) in other current payables (149,029 ) (31,913 )

Increase/(Decrease) in subscriptions in advance 32,374 (8,114 )

$ 1,408,329 $ 817,334

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 16 KEY MANAGEMENT PERSONNEL COMPENSATION

Key management personnel is defined by AASB 124 “Related Party Disclosures” as

those persons having authority and responsibility for planning, directing and

controlling the activities of the entity, directly or indirectly, including any director of

the entity. The aggregate remuneration paid to key management personnel during the

financial year is as follows:

2009 2008

$ $

Short-term benefits - -

Salary 144,226 144,922

Superannuation 11,969 10,569

Bonuses - -

Other benefits 3,042 3,465

Post-employment benefits - -

Other long-term benefits - -

Termination benefits - -

Share based payments - -

TOTAL 159,237 158,956

The amounts paid and payable to employees of the Club during the year was $2,400,356

(2008: $2,358,249). There was only one employee (2008:1) who received, or was entitled

to received remuneration in excess of $100,000. The remuneration of that employee was

in the range of $130,000 to $140,000 (2008: in the range of $130,000 to $140,000).

It is also noted that no employees or Directors of the Club undertook overseas travel on

behalf of the Club during the year.

NOTE 17 RELATED PARTY DISCLOSURES

Key management personnel may transact with the Club from time to time on normal

terms and conditions that are no more favourable than those available to other members

of the Club. The types of transactions involved include gaming and the purchase of

food, beverages and membership. The transactions are settled at the time of the

transaction, and no amounts are owing to the Club at year end in respect of these

transactions. The total value of these transactions is low and is considered by the Club to

be immaterial.

With the exception of compensation of key management personnel, which is separately

disclosed in this report, there were no other related party transactions during the

financial year.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2009

NOTE 18 EVENTS AFTER THE BALANCE SHEET DATE

This financial report was authorised for issue by the Directors on the date of signing the

attached Report by the Directors. The board of directors have the right to amend the

report after it is issued.

There are no other events after the balance sheet date which require amendment of, or

further disclosure in, the financial report.

NOTE 19 CONTINGENT LIABILITY

The Club received a grant of $386,000 in 1991 towards the cost of the synthetic surface

hockey facility at Goulburn Workers’ Arena. Under the conditions of the grant, if the

Club ceases to use the facility for the purpose it was constructed, the grant may be

required to be repaid.

The Directors of the Club do not believe the Club has any other contingent liabilities.

NOTE 20 CAPITAL RISK MANAGEMENT

The Club’s objectives when managing capital are to safeguard its ability to continue as a

going concern.

As the Club does not issue shares, it manages its capital through the budgeting and

planning process and ensures that adequate funds are maintained to meet its operational

and financial objectives.

The Club monitors its capital on the basis of its working capital (current assets less

current liabilities) and accumulated funds as disclosed in the balance sheet.

There have been no changes to this strategy since the previous financial year.

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

Page 27

DIRECTORS’ DECLARATION

FOR THE YEAR ENDED 30 JUNE 2009

The Directors declare that the financial report comprising the attached Balance Sheet, Income Statement,

Statement of Changes in Equity, Cash Flow Statement and Notes to the Financial Statements:

(a) comply with Accounting Standards, the Corporations Regulations 2001 and other mandatory

professional reporting requirements; and

(b) give a true and fair view of the company’s financial position as at 30 June 2009 and of its

performance, as represented by the results of its operations and its cash flow, for the financial year

ended on that date.

In the Directors’ opinion:

(a) the financial statements and notes are in accordance with the Corporations Act 2001; and

(b) 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 Directors dated September 2009.

Level 7 St George Centre
60 Marcus Clarke Street

GPO Box 500

Canberra ACT 2601

Tel (02) 6279 5400

Fax (02) 6279 5444

mail@duesberysnexia.com.au

www.duesberrynexi.com.au

Independent Auditor's Report

TO THE MEMBERS OF THE GOULBURN WORKER'S CLUB LIMITED

We have audited the accompanying financial report of Goulburn Workers Club Limited, which comprises the balance sheet as at 30 June 2009, and the income statement, statement of changes in equity and cash flow statement for the year ended on that date, a summary of significant accounting policies, other explanatory notes and the directors, declaration.

Directors Responsibility for the Financial Report

The directors of the company are responsible for the preparation and fair presentation of the financial report in accordance with the Australian Accounting Standards (Including the Australian Accounting Interpretations) and the Corporations Act 2001. This responsibility includes designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the financial report that is free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances.

Auditor's Responsibility

Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with the Australian Auditing Standards. These Auditing Standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reasonable assurance whether the financial report is free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatement of the financial report, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness or accounting policies used and the reasonableness of accounting estimates made by the directors, as well as evaluating the overall presentation of the financial report.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Independence

In conducting our audit, we have complied with the independence requirements of the corporations Act 2001.

Auditor's Opinion

In our opinion, the financial report of the Goulburn Workers' Club is in accordance with the corporations Act 2001 including:

(i)    giving true and fair view of the company's financial position as at position as at 30 June 2009 and of it's performance for the year ended on that date; and

(ii)    complying with Accounting Standards in Australia ( including the Australian Accounting Interpretations) and the Corporations Regulations 2001

GOULBURN WORKERS' CLUB LIMITED

ABN 67 001 003 596

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDED 30 JUNE 2009

2009 2008

$ $

Income

Net profit - bar trading 977,469 888,551

Net profit - bottle shop 54,842 22,934

Net profit - poker machines 3,798,079 3,471,389

Net loss - club properties (53,854 ) (16,513 )

Net Keno commission income 81,139 86,751

Net TAB commission income 15,596 (1,492 )

Other commissions 52,338 47,405

Interest received 6,406 5,989

Member subscriptions 55,027 56,290

Sundry income 131,021 48,964

5,118,063 4,610,268

Less expenses

Operating costs 4,636,269 4,555,245

Non-operating costs 237,935 278,798

4,874,204 4,834,043

Total surplus/(deficit) $ 243,859 $ (223,775 )

Goulburn Amateur Swimming Club

The Goulburn Amateur Swimming Club held it’s AGM in May 2009 in conjunction with the 2008/2009 Presentation Night. A total of 56 swimmers competed at Friday Club Nights during the summer months with some excellent results. A new committee was elected for the 2009/2010 season, as listed:

President                   Mark Cummins

Vice-President          Greg O’Keeffe

Secretary                   Melissa Maddren

Treasurer                   Cherie-Anne Reid

Race Secretary         Sue Bui

Race Recorder          Tracey O’Keeffe

Public Officer/            Andy Oliver

Grants/Sponsorship

A core number of 13 swimmers competed at the 2009 ACT Summer Long Course Development Series and the 2009 ACT Winter Short Course Development Series, which are conducted at the AIS, with excellent results. A number of swimmers were successful in achieving overall top point scores for the 4 meets in both the summer and winter series.

The following swimmers achieved representative honours during 2009:

Hollie Wells                Competed at the ACT Short Course Championships

Jessica Ralph            Competed at the ACT Short Course Championships

Hannah Cummins     Competed at the ACT Short Course Championships, selected for the ACT D Squad to compete at the NSW Development Championships, SOPAC, 4 Oct 09

Riley Nelson               Competed at the ACT Short Course Championships

James Greenlees     Selected for the ACT D Squad to compete at the NSW Development Championships, SOPAC, 4 October 2009

A muster night and card/fun night were held at the Goulburn Aquatic Centre as an introduction to the 2009/2010 season. A lot of interest has been shown by new families, however membership is still to be finalised. The season commences on Friday 23 October 2009.

The GASC is pleased to accept the Coles Myer Group as a sponsor. The Coles Myer Group has generously agreed to purchase a new starting system for use at club nights and which will also be available for use by local schools for 2010 swimming carnivals, together with new stop watches which are to be acquired from the funds raised from the Goulburn Workers Club recent raffles.

Andy Oliver,

Public Officer/Grants/Sponsorship.

Goulburn City Workers Swans.

In October 2008 a new executive and committee was elected to lead the Goulburn City Swans club into 2009, they have worked extremely hard to make this club a success on and off the field, and I thank them for all their work this year.

In Early December the Swans were pleased to again appoint Heath Russell to the coaching position for 2009.

The early appointment of a coach allowed the club to assemble a team that was a mixture of new and older experienced talent and with pre season training kicking off mid January the club was confident of making a serious challenge for the 2009 premiership.

Numbers were very good early and the team started to take form, pre season trials were held against Harman and Bateman’s Bay, with wins in both trials the coach and players eagerly awaited the start of the season.

The team were undefeated through to round 9 and then had two weeks off with a double bye. Coach Russell was looking to finish off the second half of the season well and the aim was to finish in the top two so to secure a double chance come finals.

Nine straight games to the finals was starting to have an effect on the club as the injury toll was mounting and the team were starting to struggle to get over teams they had convincingly beaten earlier in the year.

With all players lifting and the club pulling together the team managed to remain undefeated and claimed the minor premiership, finals football had arrived for the second season in a row for Heath and his team.

A grand final spot was up for grabs the first week of the finals and the Swans although weakened with injuries were looking forward to putting up a strong performance against a committed Gungahlin Jets side.

On a ground and in conditions that didn’t really suit their fast open running play, the Swans were out played and muscled by Gungahlin going down by 47 points.

The injured and battered Swans limped back to Goulburn having to back up 6 days later against ANU.

The following Saturday the team faced up against a confident ANU at Dairy Farmers Park Queanbeyan.

The Swans who have a close affiliation with the Queanbeyan Tiger enjoyed the use of Queanbeyan’s change rooms for the day and used the opportunity to fully prepare for the game.

A great game ensued with the swans back line holding up in the last quarter to hold on by five points and through to the grand final at Manuka Oval the following Sunday.against Gungahlin.

On the Friday night before the grand final Peter Walker and several swans travelled to Canberra for the league presentation. At the night rumours abounded that the Gungahlin club had bought back a couple of stars from a higher division to make it extra hard for the Goulburn side to get up on the Sunday.

Swans David Waters won the leagues leading goal kicker and Dale Cummins Shared the league best and fairest with Ben Serafin from Yass, a great effort from both Swans players and a terrific result for country football.

Sunday was grand final day and a large bus full of players, staff and supporters headed to Manuka for what would be a classic game.

In the first quarter a very confident Gungahlin side came out and were intent on again out muscling and intimidating the smaller bodied Swans.

The Swans withstood the initial onslaught, gave back as hard as they got and led by 24 points at quarter time. In the second quarter with a strong breeze at Gungahlin’s back the lead had been reduced and the Swans went to the break without their ruckman who had a broken collar bone. The lead at the main break was just three points.

At the end of the third quarter the Swans had again increased their lead but to just 11 points. The last quarter saw Gungahlin have last use of the wind and the Swans knew it would be a battle to hang on, the team rallied and with their run and quick use of the ball saw them steady and kick the first two goals of the quarter.

As expected Gungahlin came back hard but all the players dug deep and the thrilling final quarter ended with the Swans getting up by thirteen points.

Premiers 2009.

As to be expected much celebration and jubilation was enjoyed at Manuka Oval, the trip home, at the Workers club and into mad Monday.

Thanks to all who travelled over and supported the Swans Grand Final day,

it was greatly appreciated by all.

Apart from the premiership some personal milestones were also achieved during the season.

Steve Armstrong played his 350^th game (combined Goulburn Hawks/ Swans); this memorable moment was made even more special with Steve playing with both his sons Brad and James on the day.

Life Member Jason Gray played his 250 games, Ben Howard also enjoyed 50 games this year.

Other highlights for the year included our sponsor’s day where sponsors and friends enjoyed food and refreshments at the home game against ADFA.

A large crowd also turned out for Pink Footy day, a pink football was used for the game, players wore pink socks and lots of other pink clothing was a highlight of the day.

To top off the festivities fifteen swans players and supporters had their heads shaved in front of a large and boisterous crowd at the Workers Club Sports bar.

Michael Gerakios from the Goulburn Barber Shop gave his time to entertain and clip a few swans, the club raised over $5500 dollars which was donated to the breast cancer support network of Australia .

A special mention must go to a very brave Jenny Northwood who also shaved her head on the night; we would also like to thank Michael and all those who generously gave money to such a great cause.

The Swans enjoyed the use of the Auburn Street sports bar and the Deck for presenting its awards after home games. Izabella’s platters of hot food and the bistro were also enjoyed by players and supporters, the team also enjoyed the use of the Workers Club bus for away games.

The Swans Football Club has further built on its junior strength fielding an under 14s for the third year and the combined Goulburn/Queanbeyan 16s enjoyed a spot in the grand final and were extremely brave in losing to a bigger, older and more experienced Gungahlin side.

Our Clubstart and Auskick program has been held on Sunday mornings at Kenmore and numbers have continued to grow and with this in mind it is hoped we can field more junior teams next year.

The Swans held its 2009 presentation dinner at the Workers Club on Friday 11^th September, Chad Croker provided the entertainment and an enjoyable night was had by all.

I would also like to Thank Deborah and the staff at Izabellas for the wonderful meal and their support during the season.

Award winners for the night were as follows:

Club Best and Fairest          Dale Cummins

Runner up                               David Waters

Most Consistent                    Heath Russell

Rookie                                    Andrew Mewburn

Best First Year Player          Rob Treloar

Most Improved                       Robbie Wiliams

Clubman of the year           Jason Gray

Two-Bob Award                    Aaron O’Leary

Leading Goal kicker             David Waters

Coaches Award                    Denis Mungovan

Best Backman                       Jimmy Condylios

Commemorative Premiership Mugs were also presented to players and support staff on the night.

On behalf of the executive and committee, coaches, players, and supporters, I would like to thank the Goulburn Workers Club, the Board of Directors and club staff for their support in 2009, we are most appreciative of your support and look forward to continuing our strong relationship in 2010 and well into the future.

Gavin Halder,

President.

Goulburn City Swans A.F.C

Goulburn & Districts Junior Rugby League.

Another year has passed and again our club continues to go from strength to strength. This year, 2009, we fielded 10 sides in the Canberra District Junior Rugby League competition. We had sides in all age groups from Under 10’s to Under 16’s with 2 sides in Under 11’s, Under 12’s and Under 13’s. A total of 170 registered players playing in the strong and very competitive Canberra Competition. We ended up with 7 of these sides in the semi finals, 4 in the finals and 2 in the Grand Finals. Our Under 12’s went all the way and won their Grand Final.

This year again we ran a local Mini league Competition played at North Park for Under 6’s through to Under 10’s. We increased the competition to 12 rounds of tackle Rugby League. We fielded 4 sides in all age groups and combined our Under 9’s and 10’s into a competitive mod league competition. A total of 172 players are registered in the Mini League in 2009. Our total registered players for our Club this year is 342 players. We got all coaches accredited, and had more than 20 volunteers complete a first aid course to ensure the safety of the kids. This competition is only going to grow as we will be asking surrounding districts to field sides in this comp next year. It is incredibly refreshing watching kids as young as 4 and 5 running around on a Saturday afternoon playing this great game. This will ensure the viability of this proud club and the future of Rugby League in this town. My thanks for the hard yards that were put in by the volunteers for this competition some of who don’t even have children involved. I also wish to thank our referees who did a fantastic job all year.

On the representative scene from our Under 16’s side we had 5 players, Mitchell Cornish, Sam Cockburn, Daniel Herden, Matt Worboys and Chris Druitt made the Canberra Raiders Harold Matthews side. Congratulations to all these players for their dedication to their sport. We certainly have a lot of talent coming through our teams and hopefully get a few more Stockmen juniors playing in the Raiders First Grade side.

The success of our club is due to a number of reasons, none greater than the help of all our volunteers who give up their time to help out in all areas of running the club. We have numerous people from committee members, coaches, managers, first aiders, water runners, referees, canteen helpers but to name a few. I wish to thank you and for the support and encouragement that is given to the kids both on and off the field. Our sponsors are also a critical part of our success. Collectively their contribution helps us to ensure each team can take to the field in an environment of ever increasing expenses. I thank these local community minded businesses for their contribution. The Workers Club as our major sponsor as always is there to help and I thank the Board and CEO for all they do for our club. Our club is committed to manageable growth, with an emphasis on fun, safety and participation and developing what we believe is the greatest game of all, Rugby League in our Community. Our future looks very bright.

Darren Falconer,

President.

GWC Indoor Bias Bowls.

It is with great pleasure that I submit my first annual report. We’ve had a good year, both socially and financially. The treasurers report will be well received, that is, we are still financially stable.

I would like to thank Kim and Judy for a job well done. Pat Lambert was true to form, as usual, with the annual point score. Thank you Pat and congratulations to all the top scorers.

It was sad we lost our Vice President to the nursing home, but Harry Harvey is still going strong.

I would like to take this opportunity to express our sad loss in the passing of Norma Fife and also Steve Trankulov. They were both extremely admired members. May they rest in peace.

The Indoor Bowls Clubs from Bargo and Merrylands have visited us this financial year. Very enjoyable. We have also returned their visits. St Mary’s Bowling Club were also paid a visit last year.

A special thanks to GWC management, committee and staff, as well as the Sports Council for their support. Also to Judy Moran and Kim Burg for religiously attending the GWC Sports Council meetings.

A very big thank you to Esme Warburton, Frank Onic, Beryl Lambert, Mavis Hadlow, Sheila Doyle and all on the committee of the former Thursday Bowls Club. Not to forget all the separate small jobs carried out through the year by our devoted team.

Pat and I visited CEO Peter Walker last week, and he gave us the OK to amalgamate all three days under one name. I suggest “GWC Indoor Bowls Club” as the new name. We also need about 15 new bowlers.

I would like to take this opportunity to thank past Presidents Graham Gillespie, and the late Laurie Smith for a job well done.

Thanks to you all.

Bruce Hoare,

President.

GWC Social Mixed Darts.

The older you get the quicker the time goes. Well we have had a good year this year and a most enjoyable one. We won some and lost some, but we had a good time with both sides showing what sportsmanship is all about (or should be).

We participated in a number of tournaments during the year. In March we went to the Loaded Dog at Tarago. June 28^th the Central Hotel Moss Vale came to GWC and we will meet them again in November. We met Mittagong RSL and they won by one game.

We have had our AGM at which I resigned as President. I’m getting too old and a much younger girl, Skye Norris, is now the President. We wish her all the best – she is a nice person and knows what it’s all about. Helen is still the Secretary Treasurer and does a good job as well. I would like to thank the Committee for the usual good job they do.

I know you all knew Anne Churchill, she was well liked and popular. The GWC had a Perpetual Darts Tournament with all the money going to the Cancer Council. The day was enjoyed by everyone. The Club, Peter Walker and members really got behind the event, including our committee and all the people who helped to make it great. So I will say thank you again. Skye will be a great President with Craig Brown a real help. Thank you for putting up with me for all those years.

Barb Gilbert.

Goulburn Strikers Football Club

2009 has been another great year for the Strikers and, although the Under 18s were the only side able to defend successfully the premiership title, the overall performance of our squads has been once again outstanding.

With all four sides finishing inside the top three in their respective competitions the Strikers have demonstrated to be extremely competitive both at junior and senior level.

Furthermore the Strikers this year have looked for new challenges entering their teams in NSW competitions as well as in the ACT, doing the Southern Tablelands proud.

This year, for the first time ever, the Strikers made it through to the ACT Federation Cup Quarter Finals, showing to be already competitive at Premier League level. The Strikers also entered the prestigious NSW Tiger Turf Cup reaching the third round. In the process they knocked out clubs such as NSW Super League giants Macarthur Rams. In the ACT League the Strikers finished runners up in Division One.

The Strikers Reserve Grade entered the NSW Bill Cullinan Cup reaching the last sixteen in NSW and in the ACT League the Strikers Reserves finished an unprecedented third in Div Two.

The Strikers Under 18s entered the NSW State Cup, also reaching the last sixteen in NSW. In the ACT Junior League the U/18s won back-to-back Premiership, while the Strikers Under 16’s finished runners up in their competition.

However the Strikers have been extremely busy off the field too, as they worked hard in trying to gain a spot in the prestigious ACT Premier League competition as from next year.

The STFA Strikers have now become the Goulburn Strikers Football Club Inc. still representing the Southern Tablelands Football Association. An MOU between the Goulburn Strikers FC and the STFA was formally ratified in August. With a new and vibrant committee and a loyal sponsorship base, the Goulburn Strikers and the STFA acknowledged the need and responsibility to enter the ACT Premier League, a goal that hopefully will be achieved in 2010.

The Strikers have submitted extensive documentation to Capital Football including a comprehensive Strategic Plan to outline the key initiatives and priorities that will ensure the Club’s financial sustainability in the ACT Premier League, to help the Strikers develop on-field strength in the short to medium term.

With a significant geographical area to draw from and thanks to our loyal sponsors we have sufficient player and financial resources to maintain a competitive Premier League Club.

We believe the goals we have set are achievable in the short term and sustainable over the next three years. We have also been mindful of establishing a flexible framework to ensure our Club’s sustainability throughout the sometimes unpredictable football and business environments.

It is with great confidence and enthusiasm that we embark on our journey towards further on and off the field success.

Carlo Aliffi,

Head Coach.

Goulburn Workers Bulldogs RLFC

The 2009 Rugby League season has been a very successful one for the Goulburn Workers Bulldogs as all 3 Bulldogs teams played in the Group 8 Canberra Raiders Cup Grand Finals. The Bulldogs won the 1^st Grade Grand Final by defeating West Belconnen 29-24 in extra time. The Bulldogs U18’s were also victorious winning by 28-24 over the Gungahlin Bulls whilst the Reserve Grade team were defeated by West Belconnen 36-10.

The club wishes to thank our coaching staff of Andrew Theuma 1^st Grade, Ricky Brooker and Matt Tozer Reserve Grade and Gary Price Under 18’s for their efforts this season. A big thank you also goes to Steve Freebody for his work as the clubs strength and conditioning coach. The club would also like to thank the committee and volunteers for their assistance in helping run the club, without their help the club wouldn’t be where it is today, and finally to all supporters that supported the club this year Thank you.

At the annual Canberra Raiders Cup awards night the Bulldogs received many awards following an outstanding season. The club received the Club Championship Shield along with the Minor Premier’s Shield for Reserve Grade and U18’s. Mikael Webber cleaned up in Reserve Grade winning the Best & Fairest, Top Point Scorer and Top Try Scorer awards. U18’s players Ben Picker won Top Point Scorer whilst Sam Hewitt won Top Try Scorer for U18’s and Top Try Scorer for all three Grades with 25. Well done to all players for their achievements.

Congratulations goes to Bulldogs 1^st Grade Captain Michael Dodson on gaining a career highlight with selection in the Country Firsts team that played Queensland in July at Foster. After an outstanding game for Country Firsts Michael received the Man of the Match award. Other representative honours for Michael this season were playing for Canberra in the representative games against Group 9 & 20. After these games Michael was selected to play for the Bidgee Bulls in the Country Championships. The Bidgee Bulls team went all the way to the final but were defeated by Illawarra in the Final.

Congratulations also go to Bulldogs players Nathan Morris, Josh Price, Ben Marmont, and Brad Hewitt in representing Group 8 Canberra in games against Riverina Group’s 9 & 20 in 1^st Grade and U18’s. From these representative games Josh Price and Ben Marmont were selected to play for the Bidgee Bull’s in the Country Championships in Parkes in April.

The Goulburn Workers Bulldogs RLFC wish to thank the Goulburn Workers Club and the clubs Corporate and Gold sponsors for their continued support for the season. Finally to the Goulburn Workers Club for once again the training and playing facilities that have been made available to the club at the Workers Arena.

Joe Stephens

Secretary

Goulburn Workers Bulldogs RLFC

Goulburn Workers Chess Club.

This new group, which only started this year plays Chess and teaches Chess every Wednesday night and newcomers are most welcome.

The Junior Group, opened to children 5 years and over plays from 5pm till 6pm and numbers have increased over the past few months, mainly due to our Outreach Program where classes are also held during their lunch break at St Joseph’s School and at the Annual Combined School Sports Day. Children MUST be accompanied by a parent or responsible adult to be able to attend these sessions.

Adults play and learn from 7pm till late and the competition can sometimes be quite fierce! Members are invited to come along for a night of relaxation and stimulation to exercise the “grey matter”.

Brian Spilsbury,

Convener.

GWC Tigers Dart Team

The Tigers had another successful year in the Goulburn & District Darts Association Competition. With a change in format this year a single competition held over three rounds was played.

Only losing two games all year the Tigers were unlucky not to get the minor premiership in “A” Grade, unfortunately missing the spot on for and against points.

In the semi-final the Tigers won six games to four, defeating the Carlton Allstars to be the first team to the Grand Final.

The Grand Final played in the McKell bar was very disappointing for the Tigers, losing six games to one against the Carlton Allstars. This result gave the Tigers second place in “A” Grade.

With the singles, doubles, mixed doubles and the Scott Memorial yet to be played I am sure some Tigers players will feature in the results.

The members of the GWC Tigers once again wish to thank the Board members, staff, Izabella’s and club members for their continued support.

Greg Cant.

Goulburn Workers U18 Boys Hockey Team

The boys and I would like to thank the Goulburn Workers Club for its continued support of the Goulburn Workers U18 Boys Hockey Team.

Each Sunday morning throughout the winter hockey season, we have made the journey to Canberra to compete in the ACT U18 Boys Competition. Involvement in this competition has given Goulburn’s younger players the opportunity to play at a world-class facility, whilst advancing their skills in games of a higher standard than they are accustomed to playing in their local competition.

All players in the team play club hockey in Goulburn as well, whether it be in the junior competition, in the senior ranks, or both. In order to gain higher representative honours in the past, our more talented players have had to relocate to Sydney , being permanently lost to the Goulburn competition. With Canberra less than an hour away, these players can have the best of both worlds. They can play hockey here in Goulburn of a Friday night or Saturday, and they can follow their representative pathway while enjoying their hockey on soft water-based pitches that are kind on their bodies.

The 2009 season was another successful one for our boys. As a development side, the ages ranged from 14 to 17 years. With a few of the more experienced players in the team away at various stages of the season on rep duties, the team went into the final series in fourth place. After winning the minor semi-final and the final, the Goulburn Workers Team came up against St Pats in the grand final. Unfortunately they fell short of taking out the premiership, but all boys are to be commended on their effort and sportsmanship, not only in this game, but throughout the entire season.

With the valued support of the Goulburn Workers Club over the past few years, being able to play in the Canberra competition has helped further develop Goulburn’s players to such an extent that we have had boys from the teams representing at the most elite levels. NSW U18 and U21 teams have been dotted with past and present U18 Goulburn Workers players, as have the Australia Schoolboys and Australian U21 teams. We have also seen some of our boys travel to South Africa to compete in the last three Capetown International Hockey Festivals. National Tournaments have also been experienced by our boys. These honours have helped put Goulburn Hockey back on the map.

Leon Robertson,

Coach – Goulburn Workers U18 Boys Hockey Team.

U3A Goulburn Mulwaree Inc.

Thanks to the generosity of the Workers Club in giving us rooms for many of our classes and the loan of their two mini buses for field trips, U3A Goulburn Mulwaree Inc. has helped to enrich the lives of many of Goulburn’s older and disadvantaged citizens.

Classes held at the Workers so far this year have included the “History of Music”; French & German Language classes; the “The 4^th Tuesday Book Club”; Family History Research Group; Irish History & Culture; Poetry Appreciation; “Let’s Talkabout” – a Discussion Group; “Passive Recreation” an afternoon of playing and learning to play such games as Chess, Mahjong, Rummykub and other board games; Bridge – where some very serious playing takes place as well as the teaching of newcomers and “Let’s Explore” which involves bus trips to explore the many interesting places surrounding Goulburn as well as cultural trips which have included the National Gallery for special exhibitions, Parliament House and the Film and Sound Archives.

We also held a party to celebrate our first birthday in the restaurant in February which was enjoyed by many of our members and last October, in conjunction with the Workers, we held a 3 day event “The Grey Mardi Gras” to celebrate International Day of the Older Person. Again, with the help and generosity of the Workers, we held a 2 day event for NSW Senior Week in March this year entitled “The Gray Mardi Gras Encore”. Both these events were very successful and attracted large crowds to the Club and provided older people with information on the many services and educational and social opportunities available to them in Goulburn, particularly at the Workers Club! The third in our Grey Mardi Gras series is “The Grey Mardi Gras – Baby Boomers & Beyond” to be held, with the Workers support, to celebrate this year’s International Day of the Older Person on October 1.

We were very grateful for being invited to take part in the Combined Sports Raffle which helped boost our Building & Equipment Fund. We would also like to thank the Management Committee, CEO Peter Walker, and the staff of the Workers for their patience, cheerful help and interest in our organisation.

Pat Spilsbury,

Hon Secretary,

U3A Goulburn Mulwaree Inc.

BENEFICIARIES IN THE GOULBURN COMMUNITY

SCHOOLS

Bradfordville Public School Fitnessathon fundraiser

Breadalbane Public School P & C Fundraising Raffle

Collector Public School P & C Assn Tiriva Night

Goulburn Clubs' Scholarship Fund 2009 fund

Goulburn High School D of E satellite phone

Goulburn South Public School P & C Assn Awards night

Goulburn West Primary School Speech Night

Marulan Public School Annual Awards Night

Mulwaree High International Food Night Fundraising

Mulwaree High School "School to Work" video making

Mulwaree v Crookwell Buckley Shield Interschool comp

St Joseph's Primary School Prawn & Chicken Night/Year 6 fundraiser

Windellama Public School Fireworks fundraiser

COMMUNITY ASSISTANCE

Anglicare/Auburn Cottage Bus Hire

Australian Breast Feeding Tea/coffee/biscuits

Baptist Clinton Villas - Aged Care Bus Hire

BDCU Goulburn Hospital Foundation Charity Housie Proceeds

Bourke Street Health Service Various projects (Kick for Cash)

Callum Corby Cup Day CF fundraiser

Canberra & Gbn Show Pigeon Society 2009 annual show

CanTeen Ongoing support

Challenge Foundation Calcutta

Challenge Foundation Various projects (Kick for Cash)

Clubs NSW Disaster Relief Fund Vic Bushfire Appeal

Collector Village Pumpkin Festival 2009 festival

Community Lifestyle Education Program Bus Hire August

Duke of Edinburgh Bus Hire

Endeavour Industries Bus Hire

Gbn Breast Cancer Support Group Bus Hire 22/4

Goulburn & District MS Branch Various projects (Kick for Cash)

Goulburn AP & H Society 2009 Goulburn Show

Goulburn Argyle Rotary August charity housie proceeds

Goulburn Argyle Rotary December charity housie proceeds

Goulburn Argyle Rotary Police Officer of the Year Awards

Goulburn Australia Day Celebrations Interact Billy Cart Derby

Goulburn Autism Support Group Lucky Door Prizes

Goulburn Base Hospital Various projects (Kick for Cash)

Goulburn Breast Cancer Support Group Various projects (Kick for Cash)

Goulburn Community Carols Annual carols

Goulburn Community Radio Community Radio

Goulburn Legacy Annual Appeal

Goulburn Legacy Donation for fundraiser

Goulburn Legacy Charity golf day funds

Goulburn Leisure Link Five discos for disabled persons

Goulburn Lieder Theatre Theatre production expenses

Goulburn Lilac City Festival Inc 2008 Festival

Goulburn Prostrate Cancer Support Group Various projects (Kick for Cash)

Goulburn Relay for Life 2009 2009 fundraiser

Goulburn Rostrum Club Competition fees

Goulburn Scout Group Fundraising for Aust Jamboree

Goulburn Spastic Centre Fundraising Bowls Day

Goulburn TAFE Industry training/visit consumables

Grey Mardi Gras Meal and tableclothes

GWC Day Out Society Grant

Kidney Kar Rally Kidney Health Fundraiser

LC - Australian Drug Foundation Recommended by the Local Committee

LC - Bowelscan Recommended by the Local Committee

LC - Crookwell Day Centre Recommended by the Local Committee

LC - Gbn & Dist Suicide Prevention Network Recommended by the Local Committee

LC - Gbn Community Health Recommended by the Local Committee

LC - Goulburn Health Service Recommended by the Local Committee

LC - Goulburn Liquor Accord Recommended by the Local Committee

LC - Highlands Community Centres Inc Recommended by the Local Committee

LC - Leukaemia Foundation Recommended by the Local Committee

LC - Life Education NSW Recommended by the Local Committee

LC - Lifeline Macarthur Recommended by the Local Committee

LC - Middle Arm Wayo RFB Recommended by the Local Committee

LC - PCYC Goulburn Club Recommended by the Local Committee

LC - Royal Life Saving Society NSW Recommended by the Local Committee

LC - Society of St Vincent De Paul Recommended by the Local Committee

Make a Wish Make a Wish Ball sponsor

Marulan Playgroup Christmas fundraising raffle

NSW Police Goulburn LAC Think the Drink program

Parkinsons Support Group Tea/coffee/biscuits

Parkinsons Support Group Raffle prize for charity golf day

Rainbow Club Bus Hire

Riding for the Disabled Equipment and ongoing costs

Starlight Foundation Starlight Trek fundraiser

Taralga Australia Day Rodeo Junior Bull Ride Event

The Cancer Council of NSW Relay for Life registration & donation

The Crescent School Various projects (Kick for Cash)

The Crescent School Literacy Program/Gum Boots & Glitter Ball

The Salvation Army Various projects (Kick for Cash)

The Salvation Army Red Shield Appeal

U3A Gbn Community Health Oxymeter

U3A Senior's Week

U3A Oxygen Sensor for Health Centre

U3A Bus Hire

Windellama Garden Club Inc Country Fair

SPORT

Bill Martin Racing Sponsorship 2009 season

Crookwell Rugby Union Fundraising for children's ward

David Christoff Hockey trip to South Africa

Exchange Football Club Raffle prize

Fireflys Hockey Club 2009 sponsorship

Gbn Dist Jnr Rugby League Sponsorship

Gbn District Racing Club Sponsorship

Gbn Greyhound Racing Club Ltd Winning Post

Glenn Turner Australian Mens Hockey Team

Glenn Wharton Masters competition in Perth

Goulburn Athletics Club Affiliation fees for Athletics NSW

Goulburn Basketball Assn Sponsorship

Goulburn City Swans Sponsorship

Goulburn Cycle Club Trackpower 2009

Goulburn Cycle Club Junior 2 Day Tour

Goulburn Netball Bus Hire

Goulburn Strikers Sponsorship

Goulburn Triathlon Club Sponsorship 2008/09 season

Goulburn Workers U/18's Boys Hockey Team ACT Hockey Comp fees

GWC Bowls Moss Vale visit

GWC Cricket Club Players fees 08/09

GWC Cricket Club Umpires fees 08/09

GWC Cricket Club Trophies Snr & Jnr

GWC Cricket Club 12 x logo's on shirts

GWC Darts Snacks in club

GWC Field & Game Gun Club 2 clay target throwers

GWC Hockey Re-union Comm Re-union expenses

GWC Junior Cricket Presentation Night

GWC Runners & Walkers City to Surf Fun Run

GWC Soccer Club Jumpers and shirts

GWC Sports Council Grants

GWC Tigers Darts Team GDDA registration fees

GWC U/11's cricket sides Shirts & Hats

Kurt Devlin Australian Boys Hockey participation

Lacey Devlin Pacific School Games participation

Marulan Football Club 2009 sponsorship

MBK United Soccer Club 2009 sponsorship

Mens Veterans Hockey Bus Hire

SERAS 2009 sponsorship

Southern District Darts Bus Hire

St Gregs & Erindale College Trial game

STFA U/11's Rep Team Sporting apparel

Taralga Bowling Club Annual Triples Tournament

U/14's Swans Bus Hire

U/15's Rugby Boys Bus Hire

U/17's Rep Hockey Team Bus Hire

Veterans Cricket Club Bus Hire

Witches of Eastgrove Soccer Club Bus Hire

Workers East Soccer Club 2009 sponsorship

Workers Junior Soccer Bus Hire

Workers Wildcats Darts competition fees

Zone 27 Pony Club 75 housie books

		2009	2009
	Notes	$	$
CURRENT ASSETS
Cash and cash equivalents	3	854,820	208,530
Trade and other receivables	4	49,561	69,684
Inventories	5	83,709	95,702
Other current assets	6	159,095	168,311

TOTAL CURRENT ASSETS
		1,147,185	542,227

NON CURRENT ASSETS
Property, plant and equipment	7	13,397,022	14,101,934
Intangible assets	8	240,161	240,161

TOTAL NON CURRENT ASSETS		13,637,183	14,342,095

TOTAL ASSETS		14,784,368	14,884,322

CURRENT LIABILITIES
Trade and other payables	9	534,543	683,572
Provisions	10	257,824	236,997
Financial liabilities	11	3,047,710	3,295,695
Other current liabilities	12	86,252	53,878

TOTAL CURRENT LIABILITIES		3,926,329	4,270,142

TOTAL LIABILITIES		3,926,329	4,270,142

NET ASSETS		$ 10,858,039	$ 10,614,180

EQUITY
Reserves		2,768,601	2,768,601
Retained surpluses		8,089,438	7,845,579

TOTAL EQUITY		$ 10,858,039	$ 10,614,180

		2009	2008
	Notes	$	$
Asset revaluation reserve		2,768,601	2,768,601
Retained surpluses		8,089,438	7,845,579

TOTAL EQUITY		$ 10,858,039	$ 10,614,180

Movements during the year were:

(a)	Asset revaluation reserve
	The asset revaluation reserve records revaluation increments and decrements in accordance with Accounting Standards.

	Opening balance	2,768,601	2,768,601
	Net movement	-	-

	Closing balance	$ 2,768,601	$ 2,768,601

(b)	Retained surpluses

	Opening balance	7,845,579	8,069,354
	Net surplus/(deficit)	243,859	(223,775 )

	Closing balance	$ 8,089,438	$ 7,845,579

		2009	2008
		$	$
NOTE 3	CASH AND CASH EQUIVALENTS
	Cash at bank	627,606	-
	Cash on hand	227,214	208,530
		$ 854,820	$ 208,530
NOTE 4	TRADE AND OTHER RECEIVABLES

	Debtors	13,493	17,331
	Input tax credits recoverable	36,068	52,353

		$ 49,561	$ 69,684

	Current receivables	49,561	69,684
	Non-current receivables	-	-

	Total receivables	$ 49,561	$ 69,684

	Ageing of receivables
	Not overdue	44,110	59,576
	Less than 30 days overdue	-	-
	30 to 60 days overdue	2,560	6,864
	61 to 90 days overdue	2,201	-
	More than 90 days	690	3,244

	Total receivables	$ 49,561	$ 69,684

NOTE 5	INVENTORIES

	Stock on hand	$ 83,709	$ 95,702

NOTE 6	OTHER CURRENT ASSETS

	Accrued income	38,178	17,373
	Prepayments	120,917	150,938

		$ 159,095	$ 168,311

		2009	2007
		$	$
NOTE 7	PROPERTY, PLANT AND EQUIPMENT

	Freehold land - at cost	1,406,294	1,406,294

	Buildings - at cost	8,149,870	8,104,125
	Less accumulated depreciation	(2,623,579 )	(2,437,861 )

		5,526,291	5,666,264

	Freehold improvements - at cost	7,593,054	7,510,624
	Less accumulated depreciation	(2,243,271 )	(1,720,281 )

		5,349,783	5,790,343

	Poker machines - at cost	3,075,844	2,706,008
	Less accumulated depreciation	(2,491,450 )	(2,161,198 )

		584,394	544,810

	Plant, furniture and equipment - at cost	3,760,299	3,671,100
	Less accumulated depreciation	(3,316,091 )	(3,026,798 )

		444,208	644,302

	Motor vehicles - at cost	125,918	116,709
	Less accumulated depreciation	(43,891 )	(71,987 )

		82,027	44,722
	Plant and equipment under lease	27,440	27,440
	Less accumulated depreciation	(23,415 )	(22,241 )
		4,025	5,199
		$ 13,397,022	$ 14,101,934

2009 Movements in Carrying Amounts	Balance at the beginning of the year	Additions	Disposals	Revaluation increments/ (decrements)	Transfer in/(out)	Depreciation/ amortisation expense	Balance at the end of the year
	$	$	$	$	$	$	$
Freehold land at cost	1,406,294	-	-	-	-	-	1,406,294
Buildings at cost	5,666,264	45,745	-	-	-	(185,718)	5,526,291
Motor vehicles at cost	44,722	90,796	(20,236)	-	-	(33,255)	82,027
Freehold improvements at cost	5,790,343	82,430	-	-	-	(522,990)	5,349,783
Poker machines at cost	544,810	268,106	-	-	-	(228,522)	584,394
Plant, furniture and equipment at cost	644,30	89,199	-	-	-	(289,293)	444,208
Plant, furniture and equipment under lease	5,199	-	-	-	-	(1,174)	4,025
TOTAL	14,101,934	576,276	(20,236)	-	-	(1,260,952)	13,397,022

2008 Movements in Carrying Amounts	Balance at the beginning of the year	Additions	Disposals	Revaluation increments/ (decrements)	Transfer in/(out)	Depreciation/ amortisation expense	Balance at the end of the year
	$	$	$	$	$	$	$
Freehold land at cost	1,406,294	-	-	-	-	-	1,406,294
Buildings at cost	5,851,982	-	-	-	-	(185,718)	5,666,264
Motor vehicles at cost	66,452	-	-	-	-	(21,730)	44,722
Motor vehicles under lease	-	-	-	-	-	-	-
Freehold improvements at cost	4,492,938	1,793,074	-	-	-	(495,669)	5,790,343
Poker machines at cost	460,309	283,607	-	-	-	(199,106)	544,810
Plant, furniture and equipment at cost	686,053	271,197	-	-	-	(312,948)	644,302
Plant, furniture and equipment under lease	6,750	-	-	-	-	(1,551)	5,199
TOTAL	12,970,778	2,347,878	-	-	-	(1,216,722)	14,101,934

Class of Asset	Rate	Depreciation/ Amortisation method
Buildings – at cost	2.5%	Straight line
Motor vehicles– at cost	22.5%	Straight line
Motor vehicles – under lease	22.5%	Straight line
Freehold improvements – at cost	2.5% - 7% (Generally 2.5%)	Straight line
Poker machines – at cost	20% - 40%	Straight line
Property, furniture and equipment – at cost	7% - 40%	Straight line
Property, furniture and equipment – under lease	20% - 33%	Straight line

		2009	2008
		$	$
NOTE 8	INTANGIBLE ASSETS
	Poker machine entitlements- at cost	240,161	240,161

Movements in Carrying Amounts	Balance at the beginning of the year	Additions	Disposals	Revaluationincrements/ (decrements)	Transfer in/(out)	Depreciation/ amortisation expense	Balance at the end of the year
2009	$	$	$	$	$	$	$
Poker machine entitlements at cost	240,161	-	-	-	-	-	240,161

2008
Poker machine entitlements at cost	240,161	-	-	-	-	-	240,161

CURRENT
Trade creditors and accruals	447,515	600,077
GST collected and payable	87,028	83,495
	$ 534,543	$ 683,572


CURRENT
Provision for annual leave	92,616	82,390
Provision for long service leave	159,508	148,107
Provision for members lucky draw	5,700	6,500
	$ 257,824	$ 236,997

		2009	2008
		$	$
NOTE 11	FINANCIAL LIABILITIES

	CURRENT
	Bank overdraft (secured)
	Bank loans (secured)	-	89,463
		3,047,710	3,206,232
		$ 3,047,710	$ 3,295,695


Subscriptions in advance	17,543	22,516
	68,709	31,362
	$ 86,252	$ 53,878

	On demand		Less than 1 year		1 to 5 years		Greater than 5 years		Total
	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008
	$	$	$	$	$	$	$	$	$	$
Financial Liabilities	-	-	-	-	-	-	-	-
Trade and other	-	-	-	-	-	-	-	-	447,515	600,077
payables	447,515	600,077	-	-	-	-	-	-		89,463
Bank overdraft		89,463	-	-	-	-	-	-
Secured loans	-	-	3,047,710	3,206,232	-	-	-	-	3,047,710	3,206,232
	-	-	-	-	-	-	-	-	-	-
	447,515	689,540	3,047,710	3,206,232	-	-	-	-	3,495,225	3,895,772

	2009	2008
	$	$
Financial Assets	--	-
Trade and other receivables	-	-
Carrying amount	13,493	17,331
Neither impaired or past due on the reporting date	8,042	7,223
Less than 30 days overdue	-	-
30 to 60 days overdue	2,560	6,864
61 to 90 days overdue	2,201	-
More than 90 days	690	3,244
	13,493	17,331

	Floating Interest Rate		Fixed Interest Rate (<1 year)		Fixed Interest Rate (1 to 8 years)		Non Interest Bearing		Total
2009 2008	2009	2008	2009	2008	2009	2008	2009	2008	2009	2008
	$	$	$	$	$	$	$	$	$	$
Financial Assets
Cash and cash
equivalents	627,606						227,214	208,530	854,820	208,530
Trade and other receivables							13,493	17,331	13,493	17,331
-	627,606						240,707	225,861	868,313	225,861

Weighted average interest rate	2.25%						n/a	n/a

Financial Libilities
Trade and other
payables	-	-	-	-	-	-	447,515	600,077
Bank Overdraft	-	89,463	-	-	-	-	-	89,463
Secured Loans	-	-	3,047,710	3,206,232	-	-	-	3,206,232
	-	89,463	3,047,710	3,206,232	-	-	447,515	3,895,772

Weighted average
interest rate	n/a	10.85%	3.84%	7.99%	-	-	n/a	n/a
Net financial liabilities									(2,626,912)	(3,669,911)

		*2009 Interest Rate Sensitivity*					*2008 Interest Rate Sensitivity*
	*Carrying amount*	-1%		+1%		-1%		+1%
	*2009*	*2007*	*Profit*	*Equity*	*Profit*	*Equity*	*Profit*	*Equity*	*Profit*	*Equity*
*Financial Assets*
Cash and
cash
equivalents	854,820	208,530	(6,276)	(6,276)	6,276	6,276	-	-	-	-
Trade and
other
receivables	13,493	17,331	-	-	-	-	-	-	-
*Financial Liabilities*
Trade and
other
payables	447,515	600,077	-	-	-	-	-	-	-	-
Bank
overdraft	-	89,463	-	-	-	-	895	895	(895)	(895)
Secured			-	-	-	-	-
loans	3,047,710	3,206,232	22,881	22,881	22,881	22,881	24,047	24,047	(24,047)	(24,047)

	2009	2008
	$	$
Short-term benefits	-	-
Salary	144,226	144,922
Superannuation	11,969	10,569
Bonuses	-	-
Other benefits	3,042	3,465
Post-employment benefits	-	-
Other long-term benefits	-	-
Termination benefits	-	-
Share based payments	-	-
TOTAL	159,237	158,956

	2009	2008
	$	$
Income
Net profit - bar trading	977,469	888,551
Net profit - bottle shop	54,842	22,934
Net profit - poker machines	3,798,079	3,471,389
Net loss - club properties	(53,854 )	(16,513 )
Net Keno commission income	81,139	86,751
Net TAB commission income	15,596	(1,492 )
Other commissions	52,338	47,405
Interest received	6,406	5,989
Member subscriptions	55,027	56,290
Sundry income	131,021	48,964

	5,118,063	4,610,268

Less expenses
Operating costs	4,636,269	4,555,245
Non-operating costs	237,935	278,798
	4,874,204	4,834,043

Total surplus/(deficit)	$ 243,859	$ (223,775 )

BENEFICIARIES IN THE GOULBURN COMMUNITY

SCHOOLS
Bradfordville Public School	Fitnessathon fundraiser
Breadalbane Public School P & C	Fundraising Raffle
Collector Public School P & C Assn	Tiriva Night
Goulburn Clubs' Scholarship Fund	2009 fund
Goulburn High School	D of E satellite phone
Goulburn South Public School P & C Assn	Awards night
Goulburn West Primary School	Speech Night
Marulan Public School	Annual Awards Night
Mulwaree High International Food Night	Fundraising
Mulwaree High School	"School to Work" video making
Mulwaree v Crookwell Buckley Shield	Interschool comp
St Joseph's Primary School	Prawn & Chicken Night/Year 6 fundraiser
Windellama Public School	Fireworks fundraiser

COMMUNITY ASSISTANCE
Anglicare/Auburn Cottage	Bus Hire
Australian Breast Feeding	Tea/coffee/biscuits
Baptist Clinton Villas - Aged Care	Bus Hire
BDCU Goulburn Hospital Foundation	Charity Housie Proceeds
Bourke Street Health Service	Various projects (Kick for Cash)
Callum Corby Cup Day	CF fundraiser
Canberra & Gbn Show Pigeon Society	2009 annual show
CanTeen	Ongoing support
Challenge Foundation	Calcutta
Challenge Foundation	Various projects (Kick for Cash)
Clubs NSW Disaster Relief Fund	Vic Bushfire Appeal
Collector Village Pumpkin Festival	2009 festival
Community Lifestyle Education Program	Bus Hire August
Duke of Edinburgh	Bus Hire
Endeavour Industries	Bus Hire
Gbn Breast Cancer Support Group	Bus Hire 22/4
Goulburn & District MS Branch	Various projects (Kick for Cash)
Goulburn AP & H Society	2009 Goulburn Show
Goulburn Argyle Rotary	August charity housie proceeds
Goulburn Argyle Rotary	December charity housie proceeds
Goulburn Argyle Rotary	Police Officer of the Year Awards
Goulburn Australia Day Celebrations	Interact Billy Cart Derby
Goulburn Autism Support Group	Lucky Door Prizes
Goulburn Base Hospital	Various projects (Kick for Cash)
Goulburn Breast Cancer Support Group	Various projects (Kick for Cash)
Goulburn Community Carols	Annual carols
Goulburn Community Radio	Community Radio
Goulburn Legacy	Annual Appeal
Goulburn Legacy	Donation for fundraiser
Goulburn Legacy	Charity golf day funds
Goulburn Leisure Link	Five discos for disabled persons
Goulburn Lieder Theatre	Theatre production expenses
Goulburn Lilac City Festival Inc	2008 Festival
Goulburn Prostrate Cancer Support Group	Various projects (Kick for Cash)
Goulburn Relay for Life 2009	2009 fundraiser
Goulburn Rostrum Club	Competition fees
Goulburn Scout Group	Fundraising for Aust Jamboree
Goulburn Spastic Centre	Fundraising Bowls Day
Goulburn TAFE	Industry training/visit consumables
Grey Mardi Gras	Meal and tableclothes
GWC Day Out Society	Grant
Kidney Kar Rally	Kidney Health Fundraiser
LC - Australian Drug Foundation	Recommended by the Local Committee
LC - Bowelscan	Recommended by the Local Committee
LC - Crookwell Day Centre	Recommended by the Local Committee
LC - Gbn & Dist Suicide Prevention Network	Recommended by the Local Committee
LC - Gbn Community Health	Recommended by the Local Committee
LC - Goulburn Health Service	Recommended by the Local Committee
LC - Goulburn Liquor Accord	Recommended by the Local Committee
LC - Highlands Community Centres Inc	Recommended by the Local Committee
LC - Leukaemia Foundation	Recommended by the Local Committee
LC - Life Education NSW	Recommended by the Local Committee
LC - Lifeline Macarthur	Recommended by the Local Committee
LC - Middle Arm Wayo RFB	Recommended by the Local Committee
LC - PCYC Goulburn Club	Recommended by the Local Committee
LC - Royal Life Saving Society NSW	Recommended by the Local Committee
LC - Society of St Vincent De Paul	Recommended by the Local Committee
Make a Wish	Make a Wish Ball sponsor
Marulan Playgroup	Christmas fundraising raffle
NSW Police Goulburn LAC	Think the Drink program
Parkinsons Support Group	Tea/coffee/biscuits
Parkinsons Support Group	Raffle prize for charity golf day
Rainbow Club	Bus Hire
Riding for the Disabled	Equipment and ongoing costs
Starlight Foundation	Starlight Trek fundraiser
Taralga Australia Day Rodeo	Junior Bull Ride Event
The Cancer Council of NSW	Relay for Life registration & donation
The Crescent School	Various projects (Kick for Cash)
The Crescent School	Literacy Program/Gum Boots & Glitter Ball
The Salvation Army	Various projects (Kick for Cash)
The Salvation Army	Red Shield Appeal
U3A	Gbn Community Health Oxymeter
U3A	Senior's Week
U3A	Oxygen Sensor for Health Centre
U3A	Bus Hire
Windellama Garden Club Inc	Country Fair

SPORT
Bill Martin Racing	Sponsorship 2009 season
Crookwell Rugby Union	Fundraising for children's ward
David Christoff	Hockey trip to South Africa
Exchange Football Club	Raffle prize
Fireflys Hockey Club	2009 sponsorship
Gbn Dist Jnr Rugby League	Sponsorship
Gbn District Racing Club	Sponsorship
Gbn Greyhound Racing Club Ltd	Winning Post
Glenn Turner	Australian Mens Hockey Team
Glenn Wharton	Masters competition in Perth
Goulburn Athletics Club	Affiliation fees for Athletics NSW
Goulburn Basketball Assn	Sponsorship
Goulburn City Swans	Sponsorship
Goulburn Cycle Club	Trackpower 2009
Goulburn Cycle Club	Junior 2 Day Tour
Goulburn Netball	Bus Hire
Goulburn Strikers	Sponsorship
Goulburn Triathlon Club	Sponsorship 2008/09 season
Goulburn Workers U/18's Boys Hockey Team	ACT Hockey Comp fees
GWC Bowls	Moss Vale visit
GWC Cricket Club	Players fees 08/09
GWC Cricket Club	Umpires fees 08/09
GWC Cricket Club	Trophies Snr & Jnr
GWC Cricket Club	12 x logo's on shirts
GWC Darts	Snacks in club
GWC Field & Game Gun Club	2 clay target throwers
GWC Hockey Re-union Comm	Re-union expenses
GWC Junior Cricket	Presentation Night
GWC Runners & Walkers	City to Surf Fun Run
GWC Soccer Club	Jumpers and shirts
GWC Sports Council	Grants
GWC Tigers Darts Team	GDDA registration fees
GWC U/11's cricket sides	Shirts & Hats
Kurt Devlin	Australian Boys Hockey participation
Lacey Devlin	Pacific School Games participation
Marulan Football Club	2009 sponsorship
MBK United Soccer Club	2009 sponsorship
Mens Veterans Hockey	Bus Hire
SERAS	2009 sponsorship
Southern District Darts	Bus Hire
St Gregs & Erindale College	Trial game
STFA U/11's Rep Team	Sporting apparel
Taralga Bowling Club	Annual Triples Tournament
U/14's Swans	Bus Hire
U/15's Rugby Boys	Bus Hire
U/17's Rep Hockey Team	Bus Hire
Veterans Cricket Club	Bus Hire
Witches of Eastgrove Soccer Club	Bus Hire
Workers East Soccer Club	2009 sponsorship
Workers Junior Soccer	Bus Hire
Workers Wildcats	Darts competition fees
Zone 27 Pony Club	75 housie books