City Tattersalls Club May 2013 Magazine

www.citytatts.com.au

CITY TATTERSALLS CLUB

mAGAZINEmay - july 2013

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2 city tattersalls club • may 2013 - july 2013 edition

Club DetailsCity tattersalls ClubaBn 4400 405 4353194-204 Pitt Street, SydneynSW 2000 australia

Phone 02 9267 9421Fax 02 9261 3593email [email protected] www.citytatts.com.auChairman Patrick CampionViCe Chairman Wendy Fishertreasurer james Chen

Committee members martyn Berry Paul Cavallarodr lawrence Coylinda FitzhardingeWilliam HurleyKevin Smithmichael Sterndale-Smith

ChieF exeCutiVe oFFiCer anthony j GuilfoylePatron john Healy oam

ContentsChairman’s Quarterly message 3employee of the Fourth Quarter 2012 7Functions & events 8member’s Badge draw 9membershiP 10membership Rewards Program 11Boonoona Ski lodge 12Promotions 14membership Rewards - daily Cash and Points draws 14$1,000 Fridays at City tattersalls Club 15Dining 16mother’s day in esperanto 16 Christmas in july in esperanto 16esperanto Club dining & degustation events 17Chef's table awards 2013 20annual rePortZest - a Contemporary dining experience 21What’s on 22Wine & Cheese nights 22lime Bar Promotions 24RSVP Singles events 25learn to dance 26dinner & Show Packages 27men’s Fitness Centre 28Women’s Fitness Centre 30Community 32Club opening Hours and dress Regulations 34Subsidiary Clubs inside Back Cover

TraDing UpDaTeAfter a slow start in January, trading momentum has built throughout the quarter and I am pleased to say that Gaming has improved month on month. I also note that our restaurants have traded solidly throughout the quarter with members taking advantage of the membership renewal promotion. Another positive outcome has been the substantial reduction in creditors throughout the quarter. All bank covenants have been met. We are looking forward to an even stronger quarter as Winter approaches.

annUal general MeeTingDon’t forget that the Club’s Annual General Meeting (AGM) will be held in the Celebrity Room on Tuesday 21 May 2013 at 6:00pm.

If you are able to attend, please do so. The Club’s Annual Report and Statement of Accounts for 2012 and the outlook for 2013 and beyond will be presented.

The Business of the 2013 Annual General Meeting is also advertised in this magazine.

life MeMbers lUnChAs usual, a resolution will be put to members at the AGM to elect new Life Members with 40 years continuous membership. If carried, a celebratory lunch will be held for those 231 new Life Members in the Celebrity Room on Friday 24 May 2013 at 12:00pm. At the lunch, Life Member badges will be presented.

This is always a wonderful occasion and our opportunity to recognise and thank those members for their loyalty and support over many years.

CoMMiTTee eleCTionsThe Committee elections will be held in May 2012. This election will again be determined by a postal ballot and the results will be announced on Friday 24 May 2013. I urge all Gold, Silver and Life members to cast your vote.

The nominations for the 2013 Committee Elections close at 5.00pm on Friday, 26 April 2013. The notice in respect of Committee elections was published in the previous edition of the magazine.

offiCe of liqUor gaMing & raCing invesTigaTionI am pleased to advise that the Office of Liquor, Gaming & Racing (OLGR) investigation has been completed. We were always confident that there would be no adverse findings against the Club, the Chief Executive Officer, Mr Tony Guilfoyle, or anyone associated with the Club, and this was confirmed when we were advised that OLGR intended to take no action and considered the matter finalised.

This puts to an end this expensive and time-wasting distraction.

Chairman’s Message

3city tattersalls club • may 2013 - july 2013 edition

Chairman’s Message

new banking arrangeMenTsAs you will be aware, since the global financial crisis banks have been tightening their security. National Australia Bank (NAB), with which we had banked for many years, made it clear to us earlier this year that it intended to extend its security from a mortgage over 194 Pitt Street to a charge over all the Club’s assets.

The Committee considered it prudent to explore what other banks might offer and we received an extremely attractive proposal from ANZ Bank. This offered us lower interest rates, less restrictive covenants, improved flexibility and certainty in return for a charge over the Club’s assets.

Consequently, the Committee resolved in February 2013 to transfer the Club’s banking arrangements to ANZ Bank from NAB. This change has allowed us to undertake the gaming upgrade which eventually should increase revenue.

We look forward to a long and rewarding relationship with ANZ Bank, and thank NAB for its past support.

gaMing UpgraDeMembers will have noticed some new poker machines on the gaming floor.

Over the next several months, more new machines will be introduced as part of an overall fleet upgrade.

In addition to the new machines, the Club has purchased the ticket in/ticket out, card in/card out gaming system bringing the very latest gaming technology to the Club. Members will have the full benefits of this in late May 2013.

airspaCe DevelopMenT UpDaTeThe application for the Sydney City Council’s pre DA Advice is likely to be lodged in June 2013, rather than May 2013. You will appreciate that the application is a complex document involving the collaboration of many different disciplines. It is however, progressing satisfactorily and I will continue to update you on a regular basis, including at the upcoming AGM.

We will shortly be contacting key Club stakeholders to obtain their input on behalf of the various subsidiary Clubs.

boonoona ski loDge bookingsThere are still vacancies at Boonoona Ski Lodge, but be quick.

All Gold, Silver and Life Members have access to City Tattersalls Club Boonoona Ski Lodge located at Perisher Valley in the beautiful Kosciusko National Park. The Lodge is conveniently located only moments away from the Skitube Terminal, Lifts and Perisher Centre.

Book now to experience an an exciting ski holiday for unbelievable value this winter.


The requisition sought a total of eight (8) Rule changes. Legal opinion received by the Committee was to the effect that only three (3) of the eight (8) proposed Rule changes were appropriate to be put to the members for voting on. The Committee has resolved that these three (3) proposed Rule changes will be put to members.

Please see the Notice of General Meeting in this magazine giving full details. The voting will be by postal vote. The voting papers will be accompanied by short submissions for and against the proposals. The Committee will not be supporting any of the three (3) proposals.

ConClUsion I ask all members who can make it to take the trouble to come along to the AGM in May, as the Club may be entering a very exciting phase. I also encourage all members to participate in the postal elections for Committee in May 2013 and in respect of the proposed Rule changes sought by 13 members in June 2013.

patrick Campion Chairman

For more information see page 12-13 or call the Customer Service Centre on 02 9267 9421.

ClUbs nsw Chef’s Table CoMpeTiTion 2013Once again two (2) Chefs from our Club have been recognised for their exceptional skills in the kitchen as part of a state-wide hunt to find the best club chefs.

Mr Julian Leather and Mr Ciarian Faherty were selected as one of fifteen (15) teams to reach the finals of the Clubs NSW 2013 Chef’s Table competition. Together they created an innovative and enticing three (3) course menu which will be showcased in the Esperanto Dining Room after the final event.

The ‘Chef's Table’ competition was created by Clubs NSW to recognise the many talented chefs, cooks and apprentices in clubs across New South Wales.

We wish them the best of luck in the competition this year.

rUle Changes proposeD by 13 MeMbers The Committee has recently received a written requisition by thirteen (13) members for the Committee to convene a General Meeting for the purpose of considering resolutions involving Club Rule changes.



notice of general Meeting of the Members

Notice is given that a General Meeting of the members of City Tattersall’s Club is to be held at 6.00pm on Tuesday 25 June 2013 in the Celebrity Room at the Club’s premises at 194-204 Pitt Street, Sydney.

The business for the meeting is as set out in the following section entitled “Business for General Meeting”

Please note that, under the Rules of the Club, Gold Members, Silver Members and Life Members are entitled to receive notice of, attend and vote at the general meeting.

Yours faithfully

anthony J guilfoyle Chief Executive Officer/Secretary City Tattersall’s Club

held at 6.00pm on Tuesday 25 June 2013

The business of the meeting will be –

To consider, and if thought fit to pass, each of the following resolutions:

1 resolution proposed by 13 Members

To delete the words from Rule 6.15(a), “and in alphabetical order” and insert the following Rule.

Rule 6.15(a)(i) After the closing time for nominations, the Secretary, upon notification by the Returning Officer of the number of nominations received and requirement to conduct an election, shall conduct a ballot for the positions on the ballot paper and the Secretary shall, within 3 days of being notified, advise the nominees of the date, time and place of the ballot and each nominee may attend and the Secretary shall ensure the name of each nominee is listed on the ballot paper in the sequence each name is drawn.

business for general Meeting of the Members of City Tattersall’s Club


employee of the 4Th quarter 2012

baCk of hoUsekamal limbu Commis Chef

Kamal Limbu has been working in the Food and Beverage department since August 2007. Kamal has been praised on his commitment to both his work and his team. Kamal is always prepared to help out when needed and is happy to do so. Kamal has been described by members of his team as going the extra mile in everything he does.

fronT of hoUseabdullah Zubair Gaming attendant

Abdullah Zubair has been contributing to our Gaming department since May 2011. Abdullah always goes out of his way to help fellow workers, and always goes the extra mile to assist Members & Guests. Abdullah's peers have the great respect for Abdullah and his work ethic.

A total of 12 staff members were nominated for these awards. This is a wonderful acknowledgement of the standard of service staff exhibit at City Tattersalls Club.

business for general Meeting of the Members of City Tattersall’s Club (Cont'd)


To delete Rule 22.2 and insert the following:

Rule 22.2 The Committee must, upon receipt of a written requisition signed by at least one hundred (100) Voting Members (each of whom are financial members of the Club as at midnight before the receipt of the requisition by the Chairman) must convene a general meeting of the Voting Members to deal with any proper purpose specified in the requisition other than for dealing with the rules.


To insert after Rule 29.5(b):

Rule 29.5(b)(i) To provide to members, on request, full and accurate minutes of meetings of members and also to provide, on request, the full transcript of any General Meeting of members.

Resolutions 1 to 3 will be determined by a ballot which includes provision for Voting Members to lodge votes by way of a postal ballot as resolved by the Committee under clause 21A.1 of the Club Rules.


Celebrate Your Function at City Tattersalls Club

a n d r e C e i v e a $ 1 5 0 d i n i n g v o u C h e r *

whether you are planning an intimate gathering or large corporate event, City Tattersalls Club offers a unique blend of boutique venues, extensive expertise and award-winning menus.

function packages start from $45pp for a 2 course premium menu and are designed to suit a variety of different occasions

Omega LoungeCaters for 10 - 150 guestsA sophisticated and stylish lounging environment, perfect for cocktails and canapé events.

Lime BarCaters for up to 50 guestsWith it’s vibrant modern décor and outdoor seating area - this is a great venue for more casual, informal events.

Celebrity LoungeCaters for 275 guests (200 seated)A multi-purpose ballroom, with a large dance floor and stage - ideal for any large catered event.

Sydney RoomCaters for up to 100 guestsA private function room inclusive of bars facilities, audio visual and presentation equipment.

Let City Tattersalls Club take the frustration out of your next function. Call our Functions Team today on 02 9287 6441.

*Book a function before 30/4/13 and receive a $150 Gift Voucher or a complimentary glass of sparkling wine for each guest on arrival. Further terms and conditions can be found at www.citytatts.com.au/functions.


If the Badge Draw is not won by Thursday 29 August 2013, it will Jackpot to $30,000 and must be won! Badge Draws restart at $2,000 when won. Terms and conditions available in Silks Foyer. NSW Permit Number LTPS/13/01354.

c i t y t a t t e r s a l l s c l u b

badge draw$30,000 in cash must be won

badge draws Jackpot $500 every tuesday & thursday at 6.30pm

member must be present to win


membershiP is here For eVeryone Tell yoUr frienDs anD faMily aboUT all The fUn They Can have aT yoUr ClUb!

City tattersalls Club Gold MeMbership is your pathway to a new era in dininG,

bars, Fitness & entertainMent. Enjoy the great benefits of your Club Membership with your friends. All new Gold Members receive a $155 Gift Card

to spend throughout the Club! Contact our Customer Service Team on 9267 9421. Conditions apply.

Offer available fOr a limited time Only

m e m b e r s h i p t o d ayt a k e g o l d

Pay $70 & Receive

$155$155

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Get ready for an excitinG new

This is our way to thank our members for their loyalty to City Tattersalls Club!

membership rewards program

laun

Ch

ing

laTe 2013

► Tiered program with valuable rewards

► earn points for every dollar spent

► Pay by Points

► Card based play available throughout the Club

► Special birthday gifts

► great savings

► Open for all members

Book now to experience an exciting ski holiday for unBelievaBle value this winter!

Perisher valley

Boonoona ski LodgeBoonoona ski Lodge

citytatts.com.au/ski-lodge


At BoonoonA Ski Lodge

Stay

3pay2

long weekend 7 -10 june 2013

5th perisher snowy mountains of music festival

2 nigHTs LoW seasonADULTS (18+) $340 CHILDREN (3-17) $220sHoULdeR seasonADULTS (18+) $430 CHILDREN (3-17) $325HigH seasonADULTS (18+) $475 CHILDREN (3-17) $360



accommodation rates

City Tattersalls Club Boonoona ski Lodge is renowned for its personal service, exquisite cuisine and superb on-snow location in the heart of Perisher Valley.

The Lodge is conveniently located only moments away from the Skitube Terminal, Lifts and Perisher Centre and is surrounded by some of the nation’s most unique and beautiful landscapes.

All packages include breakfast, lunch and 3 course dinner, free over snow transport on your arrival and departure days between 10am to 6pm, Fridays and Sundays only.

To make a booking, call the Customer Service Centre at City Tattersalls Club on 02 9267 9421 or visit www.citytatts.com.au/ski-lodge.

Rates are inclusive of GST and are based on the check-in date.

LoW season• 7 June -27 June 2013• 8 September - 6 October 2013

sHoULdeR season• 28 June - 27 July 2013• 25 August - 7 September 2013

HigH season• 28 July - 24 August 2013

Bookings• Friday - Sunday (2 nights) • Sunday - Friday (5 nights) • Friday - Friday (7 nights)• Sunday - Sunday (7 nights)• Ski season booking periods can be viewed at www.citytatts.com.au

season dates 7 JUne 2013 - 6 oCToBeR 2013Ski. dine. relax. eScape.

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5th perisher snowy mountains of music festival

ameniTies: • 14 Ensuite Rooms • Licensed Restaurant and Bar • Sauna, Steam Room and Spa • Relaxed Reading Room • Pool Table • Guest Lounge Area • TV, DVD and Stereo System

• Over Snow Transport • Central Heating • Ski Storage & Drying Room • Wireless Internet Access • 24 Hour Tea and Coffee Making Facilities • Linen and Towels Provided

M e m b e r s h i p

R E w a R d s

Cash draws:Ticket printed from Foyer swipe. Members can enter

both draws once only. Barrel emptied after every draw. Ticket valid day of issue. Terms and conditions available in the silks foyer. Excludes public holidays.

Nsw Permit Number LTPs/13/01015.

Points draws:insert your Membership Card for automatic entry. Barrel emptied after every draw.

Tickets printed after 6.15pm are eligible for the next 2.15pm Points draw. Terms and conditions available in the silks foyer. Player activity statements available

on request. Excludes public holidays. Nsw Permit Number LTPs/13/01021.

daily draws

pm2 2p m Cash draw

wiN $100 Cash

& $100 GiFT CaRd2.15p m Points draw

wiN 4,000 PoiNTs

daily drawspm6 6p m Cash draw

wiN $100 Cash

& $100 GiFT CaRd

6.15p m Points draw

wiN 4,000 PoiNTs

daily jaCkPot

must be won at 6pm if not won at the 2pm draws

Cash & gift Cards$400

Points8,000&

14

Promotions be aT CiTy TaTTersalls ClUb To win Cash anD aMaZing priZes.

city tattersalls club • may 2013 - july 2013 edition

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You must be present to win. The entry barrel will be cleared after every draw. Terms and conditions available in Silks Foyer. NSW Permit Number LTMP/12/00858

• M ay d r aw s 3 / 1 0 / 1 7 / 2 4 / 3 1

• J u n e d r aw s 7 / 1 4 / 2 1 / 2 8

One lucky winner will win $1,000 cashevery friday night at 7pm

To enter spend $5 or more at City Tattersalls Club

win cash instantly

$1,000fridays


Dining leT oUr exqUisiTe range of MenUs saTisfy all yoUr Dining neeDs.

EntréE

Braised Pork Belly Croquette With Sweet Mustard Pickles and Smoked Sweet CornOr

Esperanto Deconstructed Prawn Cocktail

Main

Pan-seared BarramundiWith Clams, asparagus, Parmentier Potatoes and Cider and Mustard SauceOr

100 Day Dry-aged Beef Striploin With Café de Paris Butter, Potato rösti and Baby Spinach

DESSErt

Strawberry Cheesecake With Pomegranate, rhubarb and Strawberry SaladOr

Valrhona Chocolate Tart With Espresso ice Cream and Chocolate Soil

Coffee, tea and Petit Fours

Mother's DayLuNch AT ESPErANTo

S u n D a y 1 2 M a y 2 0 1 3

Bookings essential Please contact Customer Service on 02 9267 9421

Indulge in the classical splendour of Esperanto this Mother's Day and treat your mum to a delightful 3 course lunch for only $78 per person. arrival at 11:30am for lunch at 12pm.

Christmas in Julyin esperantoAn irresistable menu has been designed by our Chefs that is full of texture and flavour. This menu will replace the Business Lunch Menu in Esperanto during July only.

2 Courses: $51 • 3 Courses: $63

For bookings call the Customer Service Centre on 9267 9421

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Quick! join the esperanto Club and save.for only $210 annually, membership benefits include:

20% discount inclusive of membership discount on all food and beverage purchases in esperanto throughout 2013

Complimentary evening parking at Piccadily or hilton valued at $20 *Conditions apply.

$10pp discount on tickets to esperanto degustation events

join today and save every time you dine at esperanto throughout 2013.

Esperanto Club Membership is available to Gold and Life members of City Tattersalls Club. hurry! Join today and receive the full Esperanto Club Member benefits - contact the Customer service Centre on 02 9267 9421

2013 esPeranto Club membershiP

you only have to dine

3 times in 2013 and your esperanto Club

membership pays for itself!

Based on 4 people dining with 3 courses, bottle of wine

per couple and parking


esPeranto degustation dinners 5 Course degustation event dates: thursday 16 may 2013 - french Connection thursday 20 june 2013 - autumn flavours thursday 25 july 2013 - Christmas in july

all members and guests welcome Price: degustation with paired wines Esperanto Club Members: $107.50, Non Members: $117.50

degustation menu only Esperanto Club Members: $87.50, Non Members: $97.50

time: seating at 7pm in Esperanto tickets: Bookings are essential, please contact Customer service on 02 9267 9421 No further discounts apply. Limited seating available

All menus served with Filter Coffee, Tea and Chocolates

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ThURsfrenCh ConneCtion

autumn flavours

Christmas in july

May16

ThURs ThURs

JUNE JULy20 25

1st CourseCauliflower Soup With Grilled Yabby Tail and White Truffle Oil

2nd CourseVine Tomato, Shallot And Black Olive Tarte Tatin

3rd CourseChicken Coq au Vin With Lyonnaise Potatoes, Smoked Bacon And Swiss Brown Mushrooms

4th CourseRaspberry Soufflé With Raspberry Sauce and Rose Petal Cream

5th CourseBrie de Mode With Walnut Bread and Muscatel Relish

1st CoursePrawn, Baby Leek And Avocado Terrine With Marinated Goats Feta

2nd CourseConfit Quail and Morrel Risotto With Morrel Foam

3rd CourseGin & Tonic Granita

4th CourseBraised Venison Pie With Red Cabbage, Bay Carrots and Turnips

5th CourseLemon Citrus Tart With Vanilla Bean Cream

1st CoursePea Velouté With Alaskan King Crab and Tomato Tian

2nd CourseEsperanto Garlic Prawns With Cognac and Orange Butter

3rd CourseMulled Wine Granita

4th CourseFree Range Turkey Breast With Sage and Chestnut Stuffing, Brussell Sprouts and Bread Sauce

5th CourseChristmas Assiette


City tattersalls Club has an enviable reputation for excellence at the Chef’s Table Awards. Once again our chefs have been recognised for their exceptional skills in the kitchen as part of a state-wide hunt to find the best club chefs.

The winning team - including Sous Chef, Julian Leather and Junior Sous Chef, Ciaran Faherty - was selected as one of fifteen teams to reach the finals of the ClubsNSW 2013 Chef’s Table competition.

Now in its ninth year, the competition recognises the exceptional cooking abilities of club chefs and sets a benchmark for best practice within the club industry.

In the finals the teams will be judged on the execution, taste and presentation of their 3-course menu, as well as their preparation skills and kitchen procedures.

The competition winners will be announced at the ClubsNSW Chef’s Table Awards Dinner on Monday 29 July 2013.

We wish them all the best!

City tattersalls Club makes the finals again!

Chef’s Table 2013Striving for great heights yet again


abn 44 004 054 353

CITY TATTERSALLS CLUB

AnnUAL REpoRT2012

2 city tattersalls club • CONCISE FINANCIAL REPORT 2012

notice is hereby given that the Annual General Meeting of the City Tattersall’s Club (the Club) is to be held at 6.00pm on Tuesday, 21 May 2013 at the Club’s premises in pitt Street, Sydney.

Please note that, under the Rules of the Club:

• a question in relation to the financial affairs or any proposed change to the rules must be provided to the secretary, in writing, no later than seven (7) days before the meeting at which a member wishes to ask the question; and

• Gold Members, silver Members and life Members are entitled to receive notice of, attend and vote at the annual General Meeting and each special general meeting of the club.

anthony J Guilfoyle chief executive Officer/secretary city tattersall’s club

notice of Annual General Meeting

3city tattersalls club • CONCISE FINANCIAL REPORT 2012

the business of the annual General Meeting will be:

1. previous Minutes

1.1 to read the Minutes of the previous annual General Meeting held on 22 May 2012.

2. Financial Reports

2.1 to receive from the committee a report and balance sheet and statements of accounts for the year ended 31 December 2012; and

2.2 to receive the auditor’s report and to elect an auditor.

3. CEo’s Report

3.1 to receive from the chief executive Officer on behalf of the committee information as to proposed expenditure of the funds of the club on improving, repairing, renovating or rebuilding the premises of the club during the 12 months following the meeting; and information current as at the end of

april 2012 as to the assets and liabilities of the club and such other information as to the financial affairs of the club as the committee considers useful and practicable to provide at the meeting.

4. Resolution Approving Life Members

4.1 to consider and if thought fit to pass the following resolution:

to elect the 234 Members whose names appear on the list available from the secretary’s office to life Membership under clause 37.1(c) of club’s rules for long and meritorious service to the club, each being in their 40th year as a Gold Member or silver Member (or equivalent).

5. Matters for Discussion

5.1 to deal with matters for which notice has been given.

the committee has resolved that there will not be a postal ballot.

Business of the Annual General MeetingOf the MeMbers Of city tattersalls club - tO be helD at 6.00pm On tuesDay 21 May 2013

Trading Results 2012

i am pleased to be able to advise that our club made a trading profit of $367,747 in 2012. that result needs to be qualified by the matters set out in the treasurer’s report and i refer you to the treasurer’s report in this magazine.

the sydney cbD continued to be a tough trading environment throughout 2012. the club faced many challenges from within and from outside, but despite that, our club continues to trade reasonably well, but of course there is room for improvement. Our key revenue driver, gaming, fell by 1%. this is not a huge fall, but we did not want it to become a trend. We have been aware for some time that our fleet of machines have needed renewal, but the uncertainty around the need for pre commitment technology as well as the club’s finances made it necessary to delay the expenditure needed to do so. We have this year however made the commitment to that renewal to ensure that the decline is arrested and that the gaming revenue is reenergised.

a pleasing part of the 2012 results is our membership growth. total new memberships grew by 47% over the 2011 figure and this growth filtered through to catering and fitness centre revenue also. Our street frontage promotions have been particularly successful and we are looking to build up that success in 2013.

We are looking forward to even stronger year of trading in 2013 and thank all members for your support.

possible Airspace Development

since 2004, the club’s development plan has included the possibility of developing the club’s airspace, and in 2012 the committee decided that conditions were right to progress this.

the first step is to obtain pre-Development application advice from the city of sydney council on whether a development would be likely to be approved and, if so, with what conditions. the application for this pre-Da advice will be lodged in June 2013 and i will report to members when it is received.

Chairman’s Annual MessageWinter 2013


i emphasise that no decision to proceed with the development will be made without members’ approval.

office of Gaming Liquor and Racing Investigation

the investigation into the club by the Office of liquor, Gaming & racing (OlGr) continued throughout the second half of 2012 and was completed in april 2013. it was an expensive and time-wasting exercise. We were always confident that there would be no adverse findings against the club or anyone associated with it, and this was confirmed when we were advised that OlGr intended to take no action and considered the matter finalised.

Corporate Governance

in 2012 the committee sharpened the focus on corporate governance including:

a) engaging the services of a consultant to advise on governance issues.

b) Prepared a corporate Governance Policy document to guide the current committee and future committees.

c) setting measurable key performance indicators to better measure the performance of senior executives.

d) creating sub committees in such areas as finance, corporate governance, marketing and remuneration to get a more detailed understanding and to make recommendations to the committee.

this emphasis on good corporate governances will continue to be an important focus throughout 2013 and beyond.

Boonoona Ski Lodge

2012 was not a good year for boonoona with total revenue seriously down, even in what was a reasonably good ski season. that performance made it imperative to change the business model for the lodge. as you are aware, the committee made the decision to open bookings up to the public (which requires them to become a Gold member to secure a booking), but only after members have had a first chance to make their bookings.


this has worked well with bookings for the 2013 season already substantially ahead of where we were at this time last year and looking extremely promising for a good season.

Committee

i take this opportunity to thank the members of our committee for their contributions throughout 2012.

the amount of work that has to be done and the time that has to be put in by committee Members grows every year and there is no sign of that abating. new legislation is making the role a more onerous and difficult one. add to that the increasing issues facing all clubs and then add the particular challenges facing our club. it is a hard and time consuming task with no reward, other than the knowledge that it is done to preserve and benefit a great club.

i also thank members for their support of the committee and its decision.

Staff

i also thank our staff for their work throughout 2012 and for how they dealt with the various issues which impacted on them. i encourage them to continue in their efforts to make our club a welcoming venue that members and others want to return to.

Conclusion

i urge members to support our club in 2013. no matter what the committee and Management may decide and action, everything ultimately depends on the support and patronage of our club’s loyal members.

patrick Campion chairman

Chairman’s Annual MessageWinter 2013



P Campion chairman 14/15

W Fisher Vice chair 15/15

J Chen treasurer 12/15

L Fitzhardinge committee Member 15/15

W Hurley committee Member 8/15(Granted leave for 3 meetings)

K Smith committee Member 12/15

Dr L Coy committee Member 12/15

P Cavallaro committee Member 13/15

M Berry committee Member 14/15

M Sterndale-Smith committee Member 15/15

Marketing Sub-Committee

P Campion chairman 4/6

M Berry committee Member 5/6

M Sterndale-Smith committee Member 6/6

L Fitzhardinge committee Member 1/1(resigned)

Finance Sub-Committee

P Campion chairman 2/2J Chen Treasurer 0/2M Berry committee Member 2/2P Cavallaro committee Member 2/2Corporate Governance Sub-Committee

P Campion chairman 2/2L Fitzhardinge committee Member 2/2Executive Review & Remuneration Sub-Committee

P Campion chairman 2/2L Fitzhardinge committee Member 2/2

Committee Attendance 2012 Sub Committee Attendance 2012


CITY TATTERSALLS CLUB ConCISE FInAnCIAL REpoRT 31 DeceMber 2012abn 44 004 054 353

Treasurer’s Report 2012it is my pleasure to once again present the annual financial report for the 2012 trading year to members, which i do on behalf of the chairman and board of city tattersalls club. in summary the club produced a trading profit of $367,747.

the committee undertook a valuation of the club property (which did not take into account the club’s airspace) which resulted in an impairment of $623,156. the trading profit of $367,747 before the effects of property re-valuation of $623,156 which is an improvement of $578,479 against last year’s loss of $210,732.

the impairment of $623,156 had no impact on our trading results due to the write down being made against our substantial asset revaluation reserve of $1,989,027. the final result for 2012 after revaluation of property, plant and equipment was a loss of $255,409.

Financial performance

there is no doubt that the below average financial performance of retail stores in cbD during 2012 has had a marked effect on the result produced this year. Many retailers are struggling and have reported a decrease on their yearly results during 2012. throughout 2012 people were not coming into the city to spend like they did previously to the Global financial crisis.

further supporting the tough trading environment in the cbD are the results produced by clubsnsW showing clubs in the cbD are 2.7% down on gaming turnover for the 2012 period against 2011 when compared to all nsW clubs that have shown an increase of 3.6% for gaming turnover (including inner sydney decrease of 2.7%) against 2011. further emphasising this point is the turnover decrease of 11.9% for inner sydney clubs when the rest of nsW is up 2.6% (including inner sydney) when the 2012 result is compared to the pre-smoking results of 2007. Our gaming revenue for the 2012 period decreased by $188,000 or 1% which is a result that can be improved on but is in line with cbD trends as shown in clubsnsW statistics.

the club combined total revenue and other income increased by $319,021 or 1.2% on 2011 due to a number of factors which i have detailed in the following discussion.

as i have already stated, gaming revenue decreased by $188,000 or 1% on the previous year. With gaming being the club’s major revenue producer, it is imperative that attention is given to the reasons for this reduction and focus is put on reversing the trend. therefore in an effort to turn the gaming results around the board, after management recommendation, has decided to invest in new gaming machines under a staged installation throughout 2013. a new gaming system will also be installed that will improve player


loyalty and allow the very latest in gaming technology of ticket in ticket Out and card in card Out to be utilised by our players, as well as streamlining many of the administrative functions involved in the gaming operation. We are confident of the success of this investment and acknowledge it is critical for us to be at least up to the technological standard of our competitors.

Our membership new member drive and renewal incentive program had a positive effect on membership revenue which was only down by 0.5% compared to 2011. this is considered a great improvement where the previous five years produced an average decreased revenue of around 5%. Our total new members for 2012 were 2,105 compared to 1,436 for 2011 an increase of 47%.

a successful promotion throughout 2012 and the later part of 2011 resulted in a increase in gymnasium revenue of 6% on 2011 along with additional new members. this was very encouraging considering there had been a negative growth for the past 2 years for this business unit.

boonoona lodge produced a disappointing revenue result which was down $61,000 or 26% on 2011. Due to this result the board decided to drop the traditional booking system of a member ballot for the 2013 season and have introduced a first come first served policy. this new policy will not disadvantage city tattersalls club members who are given first preference for accommodation bookings along with lower

rates. after the member exclusive period is completed the available accommodation is offered to the public via the Perisher blue website with the condition that all adult bookings must become a member of the city tattersalls club. to date i can report that total bookings are very encouraging under this new system when compared to 2012.

a significant improvement to our income came from the sale of a number of gaming machine entitlements which netted the club $627,500. these sales were made after a period of due diligence was carried out and decided by the board that the immediate and future benefits to the club far outweighed any gains that would be made by holding onto the entitlements. not only was there an immediate injection of cash to the business but continual savings each year will be made on service, electricity and general operating costs of the machines with no detrimental impact on the revenue.

as i have stated in previous years, the club’s expenses are always under review either through improved efficiencies or cost decreases negotiated with suppliers. this strategy lead to an overall decrease in expenses of $218,582 or 0.9% on the total of $25,209,912 for 2011.

some of the more significant cost movements in 2012 when compared to 2011 were:

• Decreased Members expenses of 99,495 or 13.4% with a significant portion of this attributable to no board elections held in 2012.


Treasurer’s Report 2012


• Poker Machine licenses and tax totalling $5,479,054 decreased by $386,508 or 6.6%. this was mainly due to decreased gaming taxes (due to a decrease in gaming revenue) and improved efficiencies for service to gaming machines which resulted in cost savings of over $67,000 for 2012.

• finance costs were reduced by $41,239 or 2.9% due to lower loan balances during 2012.

• increase in personnel expenses of $215,273 or 2.6%

• increase of $92,084 or 4.3% on the 2012 total of $2,209,458 for entertainment, marketing and promotional expenses. this was mainly attributed to increases in general advertising for the club membership and gymnasium member drives.

• increased Property expenses mainly due to increased workers compensation premiums for 2012.

although our gaming tax liability was reduced this year the club has now paid an additional $14,195,000 in gaming tax since the introduction of the new tax regime in 2004.

through a number of management initiatives we have been able to reduce our overall electricity usage by 9% on 2011 and 11% on 2010. some of these initiatives included the complete changing of light globes and tubes throughout the entire club. unfortunately this

has not reduced but only stemmed the actual electricity costs which again were up by 7% on last year which is attributable to continual increased network charges. this is definitely one area the club will continue to give attention to in order to improve efficiencies and minimise the impact of ever rising electricity costs.

Financial position

the club’s total assets decreased by $1,863,731 while the total liabilities also decreased by $1,608,322 or 6.7%. these decreases resulted in an overall decrease of the club’s net assets of $255,409 or 0.6% for 2012.

Most of the decrease to the assets was due to lower balance in 2012 for property, plant and equipment. as i indicated in my report last year capital purchases would be kept to a minimum this year and this combined with the revaluation write down of $623,156 resulted in the property, plant and equipment decrease.

a number of results contributed to the decrease to liabilities of $1,608,322.

• trade and other payables decreased by $523,486

• loans and borrowings decreased by $1,290,757

• Overdraft increased by $300,541

While it was a tremendous result for the club to reduce its trade and other liabilities by over $500,000 it is also very encouraging to see the loans and borrowings reduced by nearly $1,300,000.

the final two instalments totalling $384,712 for the loan to fund the new front entrance and alfresco Gaming room were made in March and June 2012. in august 2012 an additional commercial bill was drawn down for $350,000 and was repaid in agreement with the national australia bank. this commercial bill repayment plus another $300,000 were made on the 31st December 2012. the Major Works loan was reduced by $600,000 while the 194 Pitt st loan remains unchanged.

throughout 2012 the club met all bank covenants while continuing to deliver quality services and facilities that are rightfully expected by our members.

Cashflow

net cash generated from operations of $1,877,568 was a decrease of $1,023,029 on the result of $2,900,597 for 2011. a great deal of this decrease can be attributed to the focus that was placed on reduction of trade and other payables during the year which had increased at the end of 2011.

as previously mentioned the club kept capital expenditure to a minimum with a reduction of $1,782,002 in expenditure compared to

2011. i indicated earlier in my report that there will be a increased capital expenditure in 2013 with special attention to improving the back of house systems and gaming product offered to our members and guests.

i wish to thank our chairman Pat campion and all my fellow committee members for never losing sight of our goals even when the most difficult of challenges, both internal and external, are thrown at us. thanks should also go to tony Guilfoyle our chief executive Officer for the incredible energy and dedication he gives to the board and club.

Members wishing to ask questions regarding the 2012 financial report at the annual General Meeting on 21 May 2013 must submit their questions in writing to the chief executive Officer/secretary by 5pm on 14 May 2013. Members wishing to obtain a full copy of the 2012 financial report are asked to contact the secretary’s office during business hours.

James Chen Treasurer

Treasurer’s Report 2012



The financial statements and other specific disclosures is an extract of, and have been derived from City Tattersalls Club (“the Club”) full financial report for the financial year. other information included in the concise financial report is consistent with the Club’s full financial report.

the concise financial report does not, and cannot be expected to, provide as full an understanding of the financial performance, financial position and financing and investing activities of the club’s as the full financial report.

a copy of the club’s 2012 annual financial report, including the independent audit report, is available to all members, and will be sent to members without charge upon request. the 2012 annual financial report can be requested by telephone on (02) 9267 9421.

In AUD 2012 2011

Revenue from rendering of services 20,171,169 20,355,567

Revenue from sale of goods 4,737,788 4,934,886

Other revenue 1,157,521 1,102,964

Total revenue 26,066,478 26,393,417

City Tattersalls Club Statement of Comprehensive IncomefOr the year enDeD 31 DeceMber 2012

Cost of goods sold (1,545,048) (1,609,828)

Personnel expenses (8,546,614) (8,331,341)

Entertainment, marketing and promotional costs (2,209,458) (2,117,374)

Member expenses (641,290) (740,785)

Office expenses (467,755) (483,242)

Poker machine licences and taxes (5,479,054) (5,865,562)

Property expenses (3,612,148) (3,494,737)

Other expenses (705,607) (669,679)

Earnings before financing costs, depreciation and income tax 3,542,504 3,117,909

Other income 683,000 37,040



In AUD 2012 2011

Finance income 34 396

Finance costs (1,390,435) (1,431,674)

net finance costs (1,390,401) (1,431,278)

Total comprehensive (loss) income for the year (255,409) (210,732)

other comprehensive income for the year

Revaluation of property, plant and equipment (623,156) -

Income tax expense - -

(Loss) profit for the year 367,747 (210,732)

Reversal of impairment loss on land and buildings - -

Depreciation expense (1,784,356) (1,897,364)

(Loss) profit before income tax 367,747 (210,732)

City Tattersalls Club Statement of Comprehensive IncomefOr the year enDeD 31 DeceMber 2012

The discussion and analysis on pages 21 and 22 and the notes on pages 23 to 25 are an integral part of these financial statements

City Tattersalls Club Statement of changes in members’ fundsfOr the year enDeD 31 DeceMber 2012

In AUD ASSET REvALUATIon RESERvE CApITAL pRoFIT RESERvE GEnERAL FUnDS ToTAL

Balance at 1 January 2011 2,327,255 284,928 42,792,286 45,404,469

Balance at 31 December 2012 1,704,099 284,928 42,949,301 44,938,328

Total comprehensive income for the year

Loss for the year - - 367,747 367,747

Other comprehensive income (623,156) - - (623,156)

Total comprehensive loss for the year (623,156) - 367,747 (255,409)

Balance at 1 January 2012 2,327,255 284,928 42,581,554 45,193,737

Balance at 31 December 2011 2,327,255 284,928 42,581,554 45,193,737

Total comprehensive income for the year

Profit for the year - - (210,732) (210,732)

Other comprehensive income - - - -

Total comprehensive income for the year - - (210,732) (210,732)




In AUD 2012 2011

Assets

Cash and cash equivalents 425,731 350,905

Trade and other receivables 195,552 280,766

Inventories 345,193 424,209

Prepayments 143,700 323,041

Total current assets 1,110,176 1,378,921

Property, plant and equipment 66,288,820 67,883,806

Total non-current assets 66,288,820 67,883,806

Total assets 67,398,996 69,262,727

Liabilities

Bank overdraft 686,917 386,376

Trade and other payables 4,074,539 4,598,025

Loans and borrowings 1,058,006 1,400,668

Employee benefits 685,398 916,554

Provisions 368,020 368,780

Total current liabilities 6,872,880 7,670,403

City Tattersalls Club Statement of Financial positionfOr the year enDeD 31 DeceMber 2012

City Tattersalls Club Statement of Financial positionfOr the year enDeD 31 DeceMber 2012

Members' funds

Capital profit reserve 1,989,027 2,612,183

Retained earnings 42,949,301 42,581,554

Total members' funds 44,938,328 45,193,737

In AUD 2012 2011

Loans and borrowings 15,157,736 16,105,831

Employee benefits 380,052 242,756

Provisions 50,000 50,000

Total non-current liabilities 15,587,788 16,398,587

Total liabilities 22,460,668 24,068,990

net assets 44,938,328 45,193,737




In AUD 2012 2011

Cash flows from operating activities

Cash receipts from customers 29,518,162 29,332,492

Cash paid to suppliers and employees (26,250,193) (25,000,617)

Cash generated from operations 3,267,969 4,331,875

Interest received 34 396

Interest paid (1,390,435) (1,431,674)

net cash from operating activities 1,877,568 2,900,597

City Tattersalls Club Statement of CashflowsfOr the year enDeD 31 DeceMber 2011

Cash flows from investing activities

Proceeds from sale of property, plant and equipment 3,206 37,040

Acquisition of property, plant and equipment (815,732) (2,597,734)

net cash used in investing activities (812,526) (2,560,694)

Net increase/(decrease) in cash and cash equivalents (225,715) (434,991)

Cash and cash equivalents at beginning of year (35,471) 399,520

Cash and cash equivalents at end of year (261,186) (35,471)

In AUD 2012 2011

Cash flows from financing activities

Repayment of borrowings (1,174,801) (1,820,288)

Proceeds from borrowings - 1,160,866

Payment of finance lease liabilities (115,956) (115,472)

net cash used in financing activities (1,290,757) (774,894)


City Tattersalls Club Statement of CashflowsfOr the year enDeD 31 DeceMber 2011



Discussion and analysis of the statement of comprehensive income

the company’s total revenue (including financial and other income) for 2012 increased by $319,021 or (1.2%) to $26,749,478 over the prior year whilst total expenses have decreased by $218,582 or (0.9%) resulting in a net profit before tax of $367,747 (2011: loss $210,732).

individual items that have significantly impacted the result include:

• Decrease in revenue from rendering of services of $184,398 or (0.9%) which is mainly derived from decrease in gaming revenue;

• increase in other income of $645,960 or (100.0%);

• Decrease in interest income of $362 or (91.4%);

• increase in personnel expenses by $215,273 or (2.6%);

• Decrease in poker machine licences and taxes of $386,508 or (6.6%);

• Decrease in finance costs of $41,239 or (2.9%).

• Decrease in depreciation expense of $113,008 or (6.0%).

Discussion and analysis of the statement of financial position

the company’s net assets have decreased by $255,409 or (0.57%) over the year. this has resulted from an decrease in the company’s total assets of $1,863,731 or (2.7%) together with a decrease in liabilities of $1,608,322 or (6.7%).

Major movements during the year were as follows:

• Decrease in property, plant and equipment of $1,594,986 or (2.3%) to $66,288,820;

• Decrease in trade and other payables of $523,486 or (11.4%) to $4,074,539;

• Decrease in loans and borrowings of $1,290,757 or (7.4%) to $16,215,742.

Concise Financial Report 2012fOr the year enDeD 31 DeceMber 2012

Discussion and analysis of the statement of changes in members’ funds

total general funds increased by $367,747 during 2012 (2011: decrease of $210,732) to $42,949,301 (2011: $42,581,554). this increase solely represents the profit for the year.

total reserves decreased by $623,156 during 2012 (2011: $0) to $1,989,027 (2011: $2,612,183). this decrease solely represents the revaluation decrease on land and buildings.

Discussion and analysis of the statement of cash flows

Operating activities provided net cash of $1,877,568, an decrease of $1,023,029 or (35.3%) when compared to the previous year. cash flows from operating activities in 2012 were largely impacted by a reduction in trade payables balances by year end when compared to 2011.

net cash used in investing activities for the year has decreased by $1,748,168 or (68.3%) to $812,526 when compared to the previous year.

net cash used in financing activities for the year is $1,290,757, which represents debt repayments made during the year.

as a result of the movements in the cash flows detailed above, the net decrease in cash held during the year was $225,715, resulting in negative total cash and cash equivalents position at year end of $261,186.


Concise Financial Report 2012fOr the year enDeD 31 DeceMber 2012


1 Basis of preparation of the concise financial report

the concise financial report has been prepared in accordance with the accounting standard aasb1039 concise financial reports and applicable urgent issues Group consensus views. the financial statements and specific disclosures required by aasb1039 have been derived from the company’s full financial report for the financial year. Other information included in the concise financial report is consistent with the company’s full financial report. the concise financial report does not, and cannot be expected to, provide as full an understanding of the financial performance, financial position and financing and investing activities of the company as the full financial report.

the financial report is prepared on the historical cost basis except where stated.

a full description of the accounting policies adopted by the company may be found in the company’s full financial report.

these accounting policies have been consistently applied by the company and are consistent with those of the previous year. the presentation currency is australian dollars.

(a) Going concern

the financial statements have been prepared on a going concern basis, which assumes continuity of normal business activities and the realisation of assets and settlement of liabilities in the ordinary course of business.

the club made a total comprehensive loss of $255,409 for the year ended 31 December 2012 (2011: loss $210,732), included in this result was a revaluation decrement of land and buildings of $623,156 and a gain on sale of gaming machine entitlements of $627,500 (2011:$nil). the club also had a working capital deficiency of $5,762,704 (2011: $6,291,483) which was mainly made up of trade and other payables. notwithstanding this, the committee believe that the going concern basis is appropriate given:

• the club generated earnings before financing, depreciation and income tax of $3,542,504 (2011: $3,117,909) or $2,915,004 if excluding the gain on sale of gaming machine entitlements, during the year ended 31 December 2012, and generated cash flows from operating activities of $1,887,568 (2011: $2,900,597). cash flows from operating activities in 2012 were largely

notes to the Concise Financial Report 2012fOr the year enDeD 31 DeceMber 2012

impacted by a reduction in trade payables balances by year end when compared to 2011.

• included in current liabilities are employee benefits of $685,398. the committee believes that the majority of this amount will not be cash settled during the next twelve months, based on prior year history, which has shown that only a small amount of employee benefits liabilities are cash settled in any given year.

• included in trade payables is an amount of $1,204,115 (2011: $1,228,720) representing gaming tax payable to the Office of state revenue (Osr). the club has taken advantage of an approved deferred payment arrangement with the Osr. as at the current date, the amount due to the Osr has been reduced to $649,840 which is in accordance with Osr payment requirements.

• subsequent to year end, the club made further planned repayments of those bill facilities existing at year end and made reductions in trade payables and accruals balances from levels reported at year end.

• subsequent to year end, the club has also refinanced its finance facilities, which provide the club with beneficial

terms, greater flexibility and access to additional funding. the club is forecasting to meet all of the required debt covenants over the coming twelve months with its new financier.

• as a result of the new financing arrangements, the club has commenced an upgrade of gaming machines and the back of house gaming system which should enable the club to improve performance and achieve operational efficiencies.

• the club is continuing to explore other strategic opportunities which if realised, are expected to provide significant benefits to the club.

• the club is forecasting to generate profit before depreciation, interest and income tax, and positive cash flows from operations to meet working capital needs and debt servicing requirements.

after considering the above, the committee considers that the club will be able to continue to fulfil all obligations as and when they fall due for the foreseeable future, being at least twelve months from the date of approval of these financial statements, and accordingly, that the club’s financial statements should be prepared on a going concern basis.


notes to the Concise Financial Report 2012fOr the year enDeD 31 DeceMber 2012


accordingly, no adjustment has been made to the financial report relating to the recoverability and classification of recorded asset amounts or to the amounts and classification of liabilities that might be necessary should the club not continue as a going concern.

to the extent that the club ever has issues with respect to its ability to pay its debts as and when they fall due, due to unforeseen circumstances, the club would then seek to lease or sell its 194 Pitt street property, as previously advised to members prior to the decision to purchase the property.

2 Accounting estimates and judgements

the preparation of financial statements requires management to make judgements, estimates & assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. results may differ from these estimates.

estimates and underlying assumptions are reviewed on an ongoing basis. revisions to accounting estimates are recognised in the period in which the estimate is revised and in any future periods affected.

information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements and assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment within the next financial year, are included in the notes to the financial statements.

3 Contingencies

in auD 2012 2011 Contingent liabilities remote

the company has the following bank guarantee:

bank guarantee 143,020 143,020

4 Subsequent events

there have been no events subsequent to balance date which would have a material effect on the club’s financial statements at 31 December 2012.

in the opinion of the directors of city tattersalls club the accompanying concise financial report of city tattersalls club for the financial year ended 31 December 2012 set out on pages 1 to 7:

(a) has been derived from or is consistent with the full financial report for the financial year; and

(b) complies with Australian Accounting Standard AASB 1039 Concise Financial Reports.

signed in accordance with a resolution of directors.

City Tattersalls ClubcOMMittee MeMbers’ DeclaratiOn

Patrick campionchairMan

J chenTReasuReR

anthony GuilfoyleceO / secretary

Dated at sydney this 16th day of april 2013.



We have audited the accompanying concise financial report of city tattersalls club (the club) which comprises the statement of financial position as at 31 December 2012, the statement of comprehensive income, statement of changes in members’ funds and the statement of cash flows for the year then ended and related notes 1 to 5 derived from the audited financial report of city tattersalls club for the year ended 31 December 2012 and the discussion and analysis. the concise financial report does not contain all the disclosures required by australian accounting standards and accordingly, reading the concise financial report is not a substitute for reading the audited financial report.

Directors’ responsibility for the concise financial report

the directors of the city tattersalls club are responsible for the preparation and presentation of the concise financial report in accordance with australian accounting standard aasb 1039 concise financial reports and for such internal control as the directors determine are necessary to enable the preparation of the concise financial report.

auditor’s responsibility

Our responsibility is to express an opinion on the concise financial report based on our audit procedures which were conducted in accordance with auditing standard asa 810 engagements to report on summary financial standards. We have conducted an independent audit in accordance with australian auditing standards, of the financial report of city tattersalls club for the year ended 31 December 2012. We expressed an unmodified opinion on the financial report in our report dated 16 april 2013. the australian 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 for the year is free of material misstatement.

an audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the concise financial report. the procedures selected depend on the auditor’s judgement, including the risk of material misstatement of the concise financial report, whether due to fraud or error. in making those risk assessments, the

Independent audit report to the members of City Tattersalls ClubrePOrt On the cOncise financial rePOrt

auditor considers internal control relevant to the entity’s preparation of the concise financial report in order to design 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. Our procedures included testing that the information in the concise financial report is derived from, and is consistent with, the financial report for the year, and examination on a test basis, of evidence supporting the amounts, discussion and analysis, and other disclosures which were not directly derived from the financial report for the year. these procedures have been undertaken to form an opinion whether, in all material respects, the concise financial report complies with australian accounting standard aasb 1039 concise financial reports and whether the discussion and analysis complies with the requirements laid down in australian accounting standard aasb 1039 concise financial reports.

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 accounting Professional and ethical standards board.

auditor’s opinion

in our opinion, the concise financial report, including the discussion and analysis, of city tattersalls club for the year ended 31 December 2012 complies with australian accounting standard aasb 1039 concise financial reports.

KPMG

cameron roan

PaRTneR

sydney, 16 april 2013


194 - 204 Pitt street syDney nsW 2000 australia

phone 02 9267 9421 fax 02 9261 3593

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Located on Level 1

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july20






Saturday

june15


Argentine tAngo beginnersthursday 16 may 7.30-8.30pm segars ballroom $15 per lesson

advancedthursday 16 may 8.30-9.30pm segars ballroom $15 per lesson

fridAy LAtin nigHtsfriday 3 and 17 mayfriday 7 and 21 junefriday 5 and 19 july8.30pm till late celebrity Loungefree event

LAtin AmericAn beginners - samba friday 17 may introdUCing slow rHytHm 6-7pm segars ballroom $10 per lesson

Line dAncing beginnerssaturday 11 may10-11am segars ballroom $5 per lessonintermediate/advancedsaturday 11 may11am-12pm segars ballroom $5 per lesson

LAtin AmericAnintermediate/advanced• Cha Chafriday 17 may 7-8pm segars ballroom $10 per lesson

Argentine tAngo beginnersmonday 13 may 6.30-7.30pm segars ballroom $15 per lesson

intermediate/advancedmonday 13 may 7.30-8.30pm segars ballroom $15 per lesson

sociAL dAnceevery monday 7-9.30pmevery wednesday 8.30-10.30pmfree event celebrity Lounge

bALLroombeginners • Waltz - Tango - Quickstepthursday 16 may 6.30-7.30pm segars ballroom $10 per lesson

bALLroomintermediate/advanced • Foxtrot - Waltz - Tango - Quickstepwednesday 15 may6-7pm segars ballroom $10 per lessonadvanced • Foxtrot - Waltz - Tango - Quickstepsaturday 18 may6-7pm segars ballroom $10 per lesson

dj nighTs - Free evenTfriday 10 and 24 mayfriday 14 junefriday 12 july8.30pm till late celebrity Lounge

neW Vogueevery wednesday 7-8 pm segars ballroom$10 per lesson

Call today to book your class! contact tony geary 0418 117 208

fridAy bAnd nigHts • 31 mAy • 28 June • 26 JuLy in celebrity Lounge

Learnto Dance

Argentine tAngo• Workshop tuesday 14 may 6.30-9.30pm segars ballroom $15 per workshop

HAve fuN, STAy HeAlTHy, meeT NeW peOple!dancing is easy to learn, it’s great exercise and you’ll find yourself meeting new people whilst having fun! our courses are designed for beginners to advanced levels and cater for all styles, from ballroom to the latest latin and pop rock moves!

All dance classes are 12 weeks in duration

Dinner & Dance Nightdate: Saturday 1 june 2013 doors open: 6.30pm dinner served: 7pm sharp Tickets: $50 per person Bookings: 02 9267 9421

Barry HumpHries, Dame eDna & OtHer marsupials

join dame edna and her alter ego barry Humphries in a side splitting performance of storytelling definitely for the young at heart.

opera HouSe @ 8:00pm

date: friday 21 June 2013 Tickets: $119.00 inc. esperanto dinner

esperanto dinner from 5:30pm

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City tatterSallS Club

Dinner & sHOw packages

dinner and show Package prices include a two course menu. Please contact Customer service on (02) 9267 9421 for bookings

tHe nutcracker

State tHeatre @ 7:30pm

date: friday 31 may 2013

Tickets: $115.00 inc. esperanto dinner

this illustrious ballet company will amaze the ballet going public with their spectacular masterpiece performance, showcasing their artistic ballet skills, lavish costumes and superb dancing.


Festival OF russian Ballet

returning to australia in 2013....imperial russian ballet Company’s “a festival of russian ballet”. a festival of russian ballet features a diverse and stunning programme in three awe-inspiring acts.

State tHeatre @ 8:00pm

date: friday 25 october 2013



elvis One nigHt in vegasState tHeatre @ 8:00pm

date: saturday 1 June 2013


relive the King’s triumphant return to the concert stage as mark anthony recreates this historic period of the year 1969. elvis returns to his real passion - live performance.



2013 MeMbershipsannual membership $7606 monthly membership $4603 monthly membership $2501 month membership $88weekly membership $15.50weekly membership is only available with an annual contract

per week

only

$50

the men’s Fitness Centre offers a wide range of facilities designed to specifically cater to men’s fitness requirements.

• Cardio equipment • Weights area • Swimming pool & Spa • Sauna & Steam room • raquetball Courts • Cardio boxing area • range of Fitness Classes • masseur • State of the art Spin room • barber

Call us today on (02) 9267 9421 to arrange an obligation free tour of the men’s Fitness Centre or drop in and meet with us.

meN’S fiTNeSS ceNTrein our fitness centres, your HeALtH And fitness goALs mAtter. Join todAy And mAke it HAppen.

new cardio boxing class

get your blood puMping today!

new cardio boxing class tiMes: thursday 5.45pm friday 6.45amplease see citytatts.com.au for cycle, stretch, pilates, group exercise and cardio boxing timetable.


burn calories. build Muscle tone.

increase cardio endurance.

For an introduction to a Spin Class please see our friendly gym floor staff or call 02 9287 6443

begin the ultiMate cardio session.

new spin class tiMes: Monday 6.45am tuesday 5.45pm wednesday 6.45am & 12pm

new state of the art spin rooM

Men’s fitness centre spin rooM

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don't Miss out on our

new spin class tiMes!


2013 MeMbershipsannual membership $7606 monthly membership $4603 monthly membership $2501 month membership $88weekly membership $15.50weekly membership is only available with an annual contract

per week

only

$50

the Women’s Fitness Centre is located on level 3 and has been purposely designed as a boutique fitness facility, so we can get to know you personally and understand your needs.

• Weights area • Cycle room • Swimming pool • access to day Spa • Classes for all fitness levels from tai Chi to Zumba • Spa, Sauna & Steam room

Call us today on (02) 9267 9421 to arrange an obligation free tour of the Women’s Fitness Centre or drop in and meet with us.

WOmeN’S fiTNeSS ceNTrein our fitness centres, your HeALtH And fitness goALs mAtter. Join todAy And mAke it HAppen.

woMen’s day spa try one of our relaxing paMper packages!

$190bliss3 hour package • 1 Hour Facial • Body Scrub • 50 Minute Massage • Shampoo, Protein Treatment & Blow-dry* *Long hair extra

$100boost1.5 hour package • Mini Facial • 25 Minute Massage • Shampoo & Blow-dry* *Long hair extra

$50Massage25 minute session • Massage package including wash and blow dry with Havilli and paula

for day spa bookings and enquiries please call 02 9287 6459


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find your fitness classes at citytatts.coM.au

MeMbership includes over 45 exercise classes per week.

woMen’s fitness centre

$85hair dressingsave 15% off full colour, cut and Blow-dry • Available for your first visit only • Bookings essential Usually valued at $100! *Long hair extra

$25ref lexology25 minute treatment • Available all day Wednesdays and Saturdays up till 12noon give your feet a treat!

cOmmuNiTy city tAttersALLs cLub is dedicAted to supporting our LocAL community.


city tattersalls club has donated more than

$380,000in support of our local community

groups, charities and schoolsof this amount, more than $280,000 was donated through the nsW clubs

grants scheme and more than $90,000 through our club’s committee

C o m m u n i t y C o m m i t t m e n t 2 0 1 1 / 2 0 1 2

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city tAttersALLs cLub committee donAtions Amount betsafe $29,767.32 east Sydney Community High $20,000.00 the Girls & boys brigade $20,000.00 Guild of St Christopher $5,000.00 Centennial parklands Foundation $5,000.00 Sir roden and lady Cutler Foundation $4,855.00 mens lawn bowling $3,000.00 Cheetahs Swimming Club $2,000.00 Snooker Club $1,500.00 earling birds Club $1,000.00 nSW Ski association - nordic Shelter $1,000.00 Ski Club - boonoona open $606.00 dance Club $500.00 Harriers Club $500.00 ladies indoor bowls Club $500.00 mahjong $500.00 mens Golf Club $500.00 mens lawn bowling $500.00 mens racquet Club $500.00 Ski Club $500.00 Cheetahs Swimming Club $500.00 Snooker Club $500.00 toastmasters $500.00 Ski Club - boonoona open $394.00 totAL $99,622.32

city tAttersALLs cLub grAnts donAtions Amount neami ltd $30,000.00 east Sydney Community based High School $30,000.00 reconciliation unity network inc $15,000.00 St. Vincent's Hospital Gorman House $14,800.00 St john's anglican Church $14,000.00 Sir roden & lady Cutler Foundation inc. $12,500.00 royal Far West $12,000.00 bridge For asylum Seekers Foundation $10,000.00 Weave youth Family Community $9,350.00 Gunawirra limited $9,000.00 exodus Foundation $9,000.00 neami ltd $9,000.00 the Station ltd $9,000.00 Hope Street $9,000.00 South Sydney Community aid multicultural neighbourhood Centre $7,500.00 youth off the Streets $7,000.00 Sisters of Charity outreach $6,905.00 Careflight nsw ltd $6,763.00 Kings Cross Community Centre $6,500.00 rpa newborn Care $6,000.00 Father nektarios Zorbalas Soup Kitchen $5,500.00 Hunters Hill Community Services men's Shed $5,000.00 the Girls & boys brigade $5,000.00 b miles Women's Foundation $5,000.00 aunties & uncles $4,788.00 the Factory tree youth Service $3,500.00 multiple Sclerosis limited $3,000.00 the Factory Community Centre $3,000.00 men of league Foundation $2,500.00 ted noffs Foundation $2,000.00 Glebe police & Citizens youth Club $2,000.00 Whitelion $1,958.00 Spanish Community Care association $1,799.00 the Factory Community Centre $1,148.00 Wheelchair Sports nsw $1,000.00 b miles Women's Foundation $1,000.00 totAL $281,511.00

club trading HoursQueen’s Birthday trading Hoursmonday 10 june 2013the Club will trade as per a public Holiday (Silks, 196 and Zest will be open) all other areas will re-open on tuesday 11 june 2013 (or the next scheduled day in their regular trading hours)

including: esperanto dining room, Café 2, lime bar, omega lounge, Cocktail bar, lower bar, Celebrity bar, men’s & Women’s Fitness Centres, barber Shop, day Spa, Customer Service Centre, library and administration office.

the following are not permitted at any time:

ripped, torn, frayed, worn or offensive clothingdirty footwear or clothingbare feet or rubber thongsHeadwear including caps, beaniesswimwear or singletsfootball jerseysfootball shorts

• Patrons conduct must be orderly and not offensive • Provocative or offensive language, clothing or gestures will not be tolerated • Managements decisions shall be final in all matters relating to dress and behaviour.

club dress regulationsas a condition of entry to City tattersalls Club, patrons’ attire must be clean, neat and tidy, in good repair and in good taste at all times.


CuStomer SerViCe (Ground leVel)monday to friday5:30am - 9:30pmSaturday6:00am - 9:30pm

reCeption (leVel 2)monday to friday9:00am - 5:00pm

SilKS bar & tHe terraCeopen for drinks & foodmonday - Sunday24 hours

196 & tHe balConymonday - Sunday9.00am - 6.00am

loWer barmonday - Wednesday11.00am - 8.00pmThursday - friday11.00am - 9.00pmSaturday - Sundayclosed

SportS barmonday - Wednesday 12.00pm - 8.00pmThursday 12.00pm - 9.00pmfriday and Saturday 12.00pm - 10.00pmSunday closed

tab & Kenoextended trading hoursmonday - Saturday12.00pm - 10pm

Open Sunday with Self Serve Kiosks

SnooKermonday - Saturday11.00am - 11.00pmSunday12 noon - 9.00pm(equipment available from 196 Cashier outside bar hours as sports bar.)

eSperanto dininG roomlunCH: Tuesday - friday12 noon - 3.00pm (please order your main course by 2.30pm)Saturday, Sunday andmonday closeddinner: Tuesday - Saturday6.00pm - midnight(please order your main course by 9.45pm)Sunday and mondayclosed

ZeSt reStaurant breaKFaSt:monday - Sunday7.00am - 11.00amlunCH:monday - Sunday11.30am - 3.00pmdinner:Sunday - Wednesday5.30pm - 9.00pmThursday - Saturday5.30pm - 9.30pm

lime barmonday - Wednesday 12.00pm - 10.00pmThursday 12.00pm - 11.00pmfriday and Saturday 12.00pm - 12.00amSunday closedFood SerViCe:monday - Wednesday 12.00pm - 9.00pmThursday - Saturday 12.00pm - 9.30pm

omeGa lounGeThursday and friday 5.00pm - 10.00pmclosed Sunday - Wednesday

CoCKtail barTuesday - Saturday5.00pm - 9.00pmSunday - mondayclosed

CaFÉ 2monday and Tuesday10.00am - 2.45pmWednesday - friday10.00am - 2.45pm& 5.30pm - 8.00pmSaturday11.00am - 3.00pmSunday closed

FitneSS CentreSmonday - friday5.30am - 8.30pmSaturday6.00am - 7.00pm

* opening hours are subject to change. Certain parking discounts are available to City tattersalls Club members at sydney Hilton parking, pitt street sydney (24 Hour) and at piccadilly stockland Centre, Castlereagh street sydney. members can purchase discounted parking vouchers directly from the Club. please see our Customer service Centre for further details. * subject to availability.

redemption oF pointSwhen redeeming points it is necessary for members to show their current CtC membership Card and another form of photo identification. the maximum amount of points that can be redeemed in a single transaction cannot exceed $1,000 in value (by law). multiple transactions are permitted.


cHeetAHs sWimming cLubthe Cheetahs is a men’s swimming club, steeped in tradition and in 2009 completed its 50th anniversary. the club holds events each thursday evening in the pool of the mens fitness Centre, commencing at 6.15pm. Usually three swimming events are conducted ranging from 25 to 400 yards with 50 yard events the most common. swimming is usually followed by a get together at one of City tatts bars. any members who turn up will be made to feel very welcome and can ‘try it out’ for a night - just turn up. enquiries: ian mclennan 0418 228 455

ski cLub

the ski Club is always looking for new members interested in competition, social, down hill or cross country skiing. we are basically a social club that caters for every grade skier, holds internal competitions and takes part in open events. members are welcome to use the Club’s boonoona ski lodge in perisher Valley.enquiries: Carl melvey 02 9666 4999 boonoona Ski lodge: 02 9264 2121

subsidiary clubs

eArLy bird cLub the early bird Club was formed for CtC men’s gym members. its aim is to provide a means to maintain and further develop the friendships for the early morning trainer gym groups. if you are new to the men’s gym and don’t have anyone to spot you or to train with, this group is perfect for you. this Club also has a few socials throughout the year so the camaraderie can progress from the gym centre to a more relaxed social setting.enquiries: brian patterson 0408 974 208

HArriers Harriers is a running club for people who love being social and need that extra bit of motivation. this Club is run every sunday morning starting at 8.00am from Centennial park, just across from the bus depot. we will be running regardless of weather or public holidays. all are welcome! if you are worried that you won’t be able to keep up we also cater to different fitness levels from beginners to the exceptionally fit. enquiries: Customer Service 02 9267 9421

snooker cLub we run a handicap tournament every wednesday night commencing at 7.00pm. prizes to be won. Come along and join in a good night of competition! tournaments are run on a handicap basis, so everyone has a chance of winning! ladies are most welcome to join. enquiries: dennis tritt 0402 825 359

LAdies indoor boWLs ladies social bowls are held every saturday at noon right here at City tattersalls Club next to Café 2 on level 2. this Club is for ladies who enjoy lawn bowls and socialising without the bother of the weather ruining the game. women can start new friendships, develop old friendships and learn more about the game of bowls. we welcome new players and if you have never played the game before we also provide free lessons. after bowls we go to Café 2 for lunch or a snack or even a cup of tea. enquiries: mary puttick 02 9387 5096

dAnce cLub Have you ever wanted to learn to dance but never had the chance? well now you do! introducing the dance Club, which provides members with dancing classes and dance related activities at City tattersalls Club. please refer to page 24 of this magazine for lesson dates and times. enquiries: tony Geary 0418 117 208

MAh-jOng mah-jong is a tile game that originated in China and requires skill, strategy and calculation. the game is played with a set of 152 tiles based on Chinese characters and symbols. each player begins by receiving thirteen tiles, then players draw and discard tiles until they complete a legal hand using the fourteenth drawn tile to form four groups and a pair. we welcome new players to join in this fun, entertaining game. enquiries: mrs noel miller 02 9948 3063

gOLF CLUB - Men’s the men’s golf Club is for men to share their passion for golf. we encourage golfers of all experience levels to join our club, even if you have never played before. this Club plays every thursday with hit-off at approximately 11.30am - 12.00pm. Venues change weekly so for confirmation of the venue please contact us prior to the day. enquiries: George Samios 02 9630 5604 or 0438 131 934

toAstmAsters would you like to enhance your interpersonal skills by improving your public speaking ability? the toastmasters Club offers you this opportunity in a supportive and friendly atmosphere. the club meets on the 2nd and 4th tuesday of each month at 7.00pm in the sydney room of City tattersalls Club. enquiries: philippa duflou 0435 022 315 [email protected] www.citytattersallstm.org.au

men’s LAWn boWLs combinAtion men’s lawn bowls Club meets every tuesday for a 1pm start. the venue changes each week but once you join you shall be given a six monthly fixture card. the home bowling green for this club is the greenlees park in Concord. most tuesdays are social lawn bowls, but once a year all the City tattersalls Clubs get together for the turf bowlers Carnival. we would love for you to join the men’s lawn bowls combination club, as we always welcome new members.enquiries: mark Cooper 0417 697 343

rACQUeTBALL CLUBCity tattersalls Club has two racquetball courts in the men’s fitness Centre. racquetball has been played at the club for more than 50 years and boasts a rich honour roll of past and present players.

new players come to racquetball from a background in tennis and squash or just have an interest in racquet sports.

the racquetball Club conducts annual handicap and open tournaments. on monday, wednesday, and friday afternoons from around 3:00pm social games are organised for players from beginners to advanced.

all players are welcome and coaching is available. the courts are freely available to all fitness Centre users and racquets and balls can be obtained from fitness Centre staff.enquiries: neville Saville 0402 913 446

“Joining a sub club is a great way to meet new people and learn new skills. new members are always welcome.”

Ski. dine. relax. eScape.Perisher valley

Boonoona Ski lodgeBoonoona ski LodgeBoonoona Ski lodge iS open to all gold, Silver & life memBerS of city tatterSallS cluB

experience an exciting Ski holiday for unBelievaBle

value thiS winter!

ski. dine. r

elax. es

cape.

book now!

Documents

City Tattersalls Club May 2013 Magazine