Sandringham Athletic Club Inc.sandyaths.com.au/wpsac/wp-content/uploads/2019/08/Annual...2019. This is verified through the stocktake process of uniform and member clothing. 2. We

Sandringham Athletic Club Inc.

89th Annual Report

2018 – 2019

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Table of Contents OFFICE BEARERS 2018-2019 ..................................................................................................................... 5 HONORARY LIFE MEMBERS ...................................................................................................................... 6 SERVICE AWARDS ..................................................................................................................................... 6 PRESIDENT’S REPORT ............................................................................................................................... 7 FINANCIAL STATEMENTS AND REPORT .................................................................................................... 9

Trading Account ............................................................................................................................ 13 Detailed Profit and Loss Statement ............................................................................................ 14 Detailed Balance Sheet as at 31 March 2019 ........................................................................... 16 Detailed Balance Sheet as at 31 March 2019 ........................................................................... 17 Notes to the Financial Statements For the year ended 31 March 2019 ................................ 18 Notes to the Financial Statements For the year ended 31 March 2019........................................... 21 Notes to the Financial Statements For the year ended 31 March 2019........................................... 22 Treasurer's Declaration................................................................................................................. 23 Acknowledgement ........................................................................................................................... 28

SANDRINGHAM ATHLETIC CLUB - OFFICIALS REPORT. .......................................................................... 32 COACHING 2018/2019 ........................................................................................................................... 34 SUMMER TRACK & FIELD REPORT 2018/19 ........................................................................................... 35

Open Woman ................................................................................................................................... 37 U18 Women ..................................................................................................................................... 37 U16 Girls ........................................................................................................................................... 38 U14 Girls ........................................................................................................................................... 38 Open Men ........................................................................................................................................ 39 U20 Men .......................................................................................................................................... 39 U16 Boys .......................................................................................................................................... 40

SANDY ATHLETES RUNNING STRONG IN CROSS COUNTRY ................................................................... 42 AV CROSS COUNTRY ........................................................................................................................ 42 CROSS COUNTRY STATE CHAMPIONSHIPS 16TH JUNE 2018 ........................................................... 43 NATIONAL CROSS-COUNTRY CHAMPIONSHIPS MALENY QLD 25TH AUGUST 2018. ...................... 44

VAL REPORT ............................................................................................................................................ 46 CHAMPIONSHIPS RESULTS ..................................................................................................................... 48

AUSTRALIAN TRACK & FIELD CHAMPIONSHIPS SYDNEY ................................................................. 48 AUSTRALIAN JUNIOR TRACK & FIELD NATIONALS Sydney .............................................................. 48 AUSTRALIAN AGE COMBINED EVENTS CHAMPIONSHIPS - Hobart ................................................. 48 VICTORIAN OPEN TRACK & FIELD CHAMPIONSHIPS March 2019 ................................................... 49 VICTORIAN JUNIOR TRACK & FIELD CHAMPIONSHIPS March 2019 ................................................ 49 VICTORIAN ALL-SCHOOLS TRACK & FIELD CHAMPIONSHIPS........................................................... 51 AUSTRALIAN ALL SCHOOLS TRACK & FIELD CHAMPIONSHIPS December 2018 ............................. 52 VICTORIAN MULTI EVENT CHAMPIONSHIPS ................................................................................... 53 VICTORIAN COUNTRY TRACK & FIELD CHAMPIONSHIPS ................................................................. 54 VICTORIAN SHIELD FINALS CHAMPIONSHIPS .................................................................................. 55 VICTORIAN MASTER TRACK AND FIELD CHAMPIONSHIPS .............................................................. 55 ATHLETICS VICTORIA 5K TEAM WALK CHAMPIONSHIPS ................................................................. 56 ZATOPEK CHAMPIONSHIPS .............................................................................................................. 56 VICTORIAN RELAY CHAMPIONSHIPS ................................................................................................ 57

PERPETUAL CLUB TROPHIES ................................................................................................................... 59 PERPETUAL BEST PERFORMANCE TROPHIES ......................................................................................... 61

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PRIOR TROPHIES NO LONGER AWARDED .............................................................................................. 63 PERPETUAL TROPHY WINNERS 2018-19 ................................................................................................ 64 RECORDS CREATED FOR 2018/19 YEAR ................................................................................................. 66 2018-2019 MEMBERSHIP ....................................................................................................................... 76 MEMBERSHIP SUMMARY ....................................................................................................................... 77 ACKNOWLEDGEMENTS .......................................................................................................................... 78

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OFFICE BEARERS 2018-2019 PRESIDENT Tom Morehouse HON SECRETARY Elena Clarkin HON TREASURER Greg Scerri REGISTRAR Ruby Holten SUMMER TEAM MANAGER Kathy Tanojevic WINTER TEAM MANAGER Andrea Eastman ROSTERS MANAGER Jo Linford NEWSPAPER DELEGATE Kathy Tanojevic AV CLUB DELEGATES Tom Morehouse, Kathy Tanojevic, Jo Linford GENERAL COMMITTEE Kathy Tanojevic, Andrea Eastman, Ben King, Jo Linford,

Craig Baikie, Lizzie Dingeldei, Aaron Wood GROUNDS MANAGER Darryl Hunt RECORDS OFFICER Nancy Emblin S E REGION DELEGATE: Michael Lindstrom SUMMER TEAM LEADERS Clodagh Grogan, Tom Tanojevic, Stuart Cafarella, Anna Plessinger WINTER TEAM LEADER Annabelle Eastman COMMITTEE MEMBERS

Elena Ruby Greg Tom

Aaron Jo Andrea Kathy

Lizzie Craig Ben

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HONORARY LIFE MEMBERS SWAAC (Sandringham Women's Amateur Athletic Club) * Deceased * Mrs E McBeth 1968 * Mrs L Caskey 1977 Mrs A Hale 1981 * Mrs J Smith 1970 * Mrs J Joslin 1977 Mrs M Saunders 1983 * Mrs R Perrett 1970 * Mrs D Walke 1977 SAC Inc (Sandringham Athletic Club Inc) * Deceased * RSW Bingham 1935 G V Page 1976 D Appleby 1991 * J Best 1 936 MD Baird 1977 A De Nardis 1994 * W Thurgood 1936 B Burston 1977 * J Whybrow 1994 * W B Marston OBE 1936 D K Macgregor 1978 N J Emblin 1994 * R Bear 1938 * L G Smith 1978 J M Isaac 1996 * H R Pritchard 1938 D B Bleazby 1978 J E. Isaac 1996 * J Clay 1940 * K G Bottomley 1979 J Linford 1996 * J Campbell 1941 * A L Morrison 1981 C Woodruff 2001 * DF Bell OAM 1942 * F L Saunders 1982 I Morehouse 2007 * SCG McConnell 1952 * F P Canny 1984 E Rees 2008 * H J McWaters 1958 A Hale 1984 C Morehouse 2008 K A McConnell 1961 * K Hollins 1985 J Reyes 2009 * A J Stevens 1964 * L K Williamson 1986 J Lewis 2011 L R Boyd OAM 1964 N McLennan 1986 T Lewis 2011 * C J Batchelor 1966 I Alexander 1987 T Morehouse 2014 * A F Alexander 1967 * J Bowles 1987 N Baltas 2014 * R D Baird 1973 M Hale 1987 D Hunt 2015 B F Murphy 1974 J Sheehan 1988 B King 2017 V McFarlane 1975 J Morrison 1989 J Kneen 1976 D Cash 1991

SERVICE AWARDS * Deceased N Emblin 1987 * J Whybrow 1988 * D Grinsted 2000 T Boyle 1987 * P Tyler 1989 P Mews 2000 J Holper 1987 * M Shilston 1989 M Woodruff 2002 D Appleby 1987 E Crane 1989 S Laidlaw 2002 E De Nardis 1987 J Isaac 1989 I Morehouse 2005 J O'Neil 1987 R D Shilston 1992 G Nicholson 1987 D Chugg 1992 J Sheehan 1987 J E Isaac 1992 A Boyd 1988 * J Whybrow 1993 M Byrne 1988 A Constable 1996 R Zubin 1988 N Baltas 2000

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PRESIDENT’S REPORT

Sandringham Athletic Club has had another excellent year. Our membership has continued to grow, our athletes have enjoyed significant success, we are in a strong financial position, and we enjoy a close relationship with Sandringham Little Athletics Club. Membership

Our membership numbers continued their trend over the past several seasons with a steady rise to 176 members, up from 165 last season, including 129 athletes. We introduced a program in conjunction with SLAC to support little athletes in their transition to Athletics Victoria competitions. It is imperative that we continue to actively engage with schools, and Sandringham and other Little Athletics clubs, to support them and their members. All SAC members need to help new and future members transition to the club and make them feel welcome. Venue, Facilities & Equipment

We have continued to maintain the facility and have upgraded several elements, including: x Painting of the lines on the northern bend; x Purchase and regular use of a high powered blower to keep the track clear of sand and debris; x Removal of old equipment and reorganisation of the gymnasium facilities; x Purchase of a second-hand treadmill and exercise bikes to assist athletes in the completion of

rehabilitation programs and alternative warm-ups; and x Installation of a defibrillator in the clubrooms.

We are also in ongoing discussion with representatives from Bayside Council regarding the future redevelopment of the Glamis Avenue facility. The Council commissioned a Condition Assessment Report which concluded that our track had worn to a point that there is insufficient thickness over the base layer, irregularity and shifting of the base layer itself, non-compliance of many elements of the track and facility with IAAF standards, and high wear through the centre of the synthetic surface of all lanes. The Report recommended redevelopment to include renewal of both the surface and subgrade layers, with an approximate cost of $2.1 million to create a fully IAAF compliant track and field facility. Representatives from SAC and SLAC continue to engage with councillors and Bayside Council staff to develop an appropriate funding and facility management model. I would like to acknowledge the efforts of several people involved in those discussions as well as the ongoing maintenance of the facility and provision of support for organisations that book our facility for use including Darryl Hunt in his capacity as Facility Manager, Andrea Bramwell and Tim Lai, Vic MacFarlane, Kim Mulhall and Michal Burian. Membership Survey

In the final quarter of the season we conducted a survey of the Club members. We received responses from 46 members or their parents, and several trends were observed including:

x Nearly half of respondents regularly train at the track on Sundays, Tuesdays and Thursdays, and approximately one third train on Mondays and Wednesdays;

x Only a third of respondents regularly use the gymnasium facilities (once or more per fortnight); x Just under 60 per cent of respondents oppose a gym levy for regular users of the gymnasium; x Nearly 80 per cent of respondents support a refundable officiating levy to assist the club in

meeting its officiating obligations with Athletics Victoria.

I thank the participants for their responses and encourage all members to actively involve themselves in the future management of the club so that your values are represented and your voices are heard.

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Results

The 2018/19 season saw some truly outstanding results from our members. Sandringham athletes continue to regularly take home a swag of medals from state-level events including at All Schools and Victorian Championships in Cross Country, Multi Events and Track and Field. We enjoyed significant success in team events including at the Victorian Relay Championships in November, where Sandringham teams took out gold in the under 18 Women’s 4x100 and Medley, the under 14 Men’s 4x400 and the under 14 Women’s 4x100. Our under 14 women continued their season-long campaign, ending up as Premiers at the Shield Finals, and our under 18 Women finished in second place. This season also produced some impressive individual results. Mia Scerri finished as National Champion in the Heptathlon at the Australian Multi Event Championships with a performance that would have seen her win or be very competitive in the four age groups above her. Tristan Scheirs completed a rare double to win both the under 20 Long Jump and Triple Jump at the Australian Track and Field Championships. Henry Smith broke the Open Long Jump Club Record as he became the first Sandringham athlete to pass the 8 metre mark with a performance of 8.06 metres, and also managed to win the event at the Australian Championships. Dhruv Rodrigues Chico became the first Sandringham athlete in club history to win the Stawell Gift. The future looks very bright with so many athletes achieving success in the Green and Black. Our Sponsors

Sandringham Sports Physio, in Tulip Street, continues to provide medical and financial support to our members. They also conduct seminars on rehabilitation and injury prevention, and on careers in Sports Medicine. We thank Rob De Nardis and his staff for their support and generosity. Thank You

Our club is reliant upon the hard work of many people, and often that work goes on unnoticed behind the scenes. I would like to thank the following for their time and effort this season, including:

x Nancy Emblin, who continues to play a role in tracking Club records; x Michael Lindstrom, Peter Price and David Cash for serving as officials on behalf of the club; x Kathy Tanojevic and Andrea Eastman, our diligent and enthusiastic team managers; x Detsy Holten, who manages our track bookings; x Greg Scerri and Darryl Hunt, who both put their hands up time and again to help the club out in

any number of ways including opening and closing the facility, coaching, financial support for new members, liaison with Bayside Council and councillors, event management and a multitude of administrative tasks;

x Ben King, who is stepping down after many years on the Committee. x The entire SAC Committee of Ruby, Ellie, Greg, Andrea, Kathy, Jo, Lizzie, Aaron, Craig and Ben for

the patience, wisdom and insight. Thank you all. Tom Morehouse President

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FINANCIAL STATEMENTS AND REPORT

DARYL VINCE & Co. Pty Ltd

ABN 680 0630 0143

Governing Director DARYL VINCE CPA

Ref: DVFl362

March 31, 2019 To Management & Members Attention: Gregory Scerri, Treasurer Sandringham Athletic Club Inc Glamis Ave Hampton VIC 3188

Dear Greg,

MANAGEMENT REPORT OF SANDRINGHAM ATHLETIC CLUB INC

We have completed the audit of the financial accounts of the Sandringham Athletic Club Inc for the financial year ending 31st March 2019.

During the course of our audit certain accounting matters came to our attention and we wish to make you aware of the following:

1. We were able to determine the uniform stock on hand at 31st March

2019. This is verified through the stocktake process of uniform and member clothing.

2. We recommend a more detailed description within the Saasu file for each transaction, to state the nature of the transaction rather than a repeated narration for a group of transactions. .

3. $1,810.00 worth of Accounts Receivables were reviewed and written off to bad debts, which you considered unrecoverable in the current year.

4. We recommend monthly reconciliation of all balance sheet items in the Saasu file to the bank statements.

5. We recommend all assets under $300 be expensed in the Profit and Loss and all Asset over $300 to be posted as an Asset in the balance sheet.

6. Assets above $300 were depreciated on a straight-line basis at 10% per annum. 7. You may consider deregistering from GST as at 01/04/2019.

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This report is prepared on the basis of the limitations set out below.

There were no matters that came to our attention during the course of our audit, however, this does not confirm there were no weaknesses that exist or improvements that might be made.

We cannot, in practice, examine every activity and procedure, nor can we be a substitute for management's responsibility to maintain adequate controls over all levels of operations and their responsibility to prevent and detect irregularities, including fraud.

Accordingly, management should not rely on our reports to identify all weaknesses that may exist in the systems and procedures reviewed, or potential instances of fraud that may exist. Our comments should be read in the context of the scope of our work. Findings within this report may have been prepared on the basis of management representations.

This report has been prepared solely for your use as management of the Sandringham Athletic Club Inc and should not be quoted in whole or in part without our prior written consent. No responsibility to any third party is accepted as the report has not been prepared, and is not intended, for any other purpose.

Should you have any questions in relation to the above matters, please do not hesitate to contact Daryl Vince on telephone number (03) 8611 4077. Kind regards,

Daryl Vince Licensed Company Auditor No: 10348

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Sandringham Athletic Club Inc

Financial Statements

For the year ended 31 March 2019

LS Accountants Level 17, Tower One, Collins

Square, 727 Collins Street

MELBOUR!\E VIC 3008

Phone: +61 3 8611 4077 Fax: · 6 I 3 9649 7633

Email: [email protected]

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Contents

Trading Account

Detailed

Profit and

Loss

Statement

Detailed

Balance

Sheet

Notes to the Financial Statements

Treasurer's Declaration

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Trading Account For the year ended

31 March 2019

2019 $

2018 $

Trading Income

Sales of Uniform & Club Clothing 1,970 6,295

Total Trading Income 1,470 6,295

Cost of Sales

Add:

Opening Stock 6,355

6,683

Purchases 6,021 4,005

12,376 I 0,688

Less:

Closing Stock 10,800

6,355

10,800 6,355

Cost of Sales

1,576

4,333

Gross Profit from Trading 394 1,962

These financial statements are audited. They must be read in conjunction with the attached Accountant's Notes which form part of these financial statements.

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Detailed Profit and Loss Statement For the year ended 31 March 2019

2019

$ 2018

$

Income

Trading profit (loss) 394 1,962

Hire income 52,248 35,296

Interest received 3,297 16,800

Other income

- Other income 600 4,722

- SLA - Income 5,835 6,285

6,435 11,007

Sales

- Social & Fund Raising 32

- Members Subscriptions 10,640 9,205

- Training Fees 1,374 1,505

12,514 10,741

Total income 74,389 75,807

Expenses

Accountancy 165 164

Advertising & promotion 6,319

Bad debts 1,810 8,577

Bank fees & charges 64 973

Cleaning 1,750 1,700

Depreciation - Equipment 2,402 5,634

Fees & charges

- Affiliation Fee 688 409

- Relay Entry Fees 988 1,300 1,675 1,709

General expenses 189 3,263

Hire/Rent of plant & equipment 500 500

Light & power 4,133 4,975

Presentation Expenses 6,369 4,002

Rates & land taxes 2,967 928

Rent on land & buildings 1,471 2,801

Registration & insurance 643 1,307


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Detailed Profit and Loss Statement

For the year ended 31 March 2019

2019

$ 2018

$ Repairs & maintenance 8,749 1,741 Track Expenditure 89,098

Total expenses 39,206 127,373

Net Profit from Ordinary Activities before income tax

35,183

(51,566)


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Detailed Balance Sheet as at 31 March 2019

Note 2019 $

2018 $

Member's Funds

Opening balance 232,978 284,543

Net profit/ (loss) 35,183 (51,566)

Less:

Total Member's Funds 268,161 232,978

Represented by:

Current Assets Cash Assets

Cash at bank 59,443 32,024 Bendigo Bank Registration Account*9062 400 758 Bendigo Bank Term Deposit*3923 102,279 100,115 Bendigo Bank Fixed Term Deposit*67 l 7 5,300 5,300 Bendigo Bank Term Deposit*8768 50,276 49,283

217,698 187,480 Receivables

Trade debtors 3,550 3,615 3,550 3,615 Inventories

Stock - At cost 10,800 6,355 10,800 6,355 Other

Deposits - Keys 1,000 1,000 1,000 1,000

Total Current Assets 233,048 198,450


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Detailed Balance Sheet as at 31 March 2019

Note 2019 $

2018 $

Non-Current Assets

Property, Plant and Equipment

Plant & equipment - At cost 50,191 43,602

Less: Accumulated depreciation (15,078) (12,677)

35,112 30,925

Total Non-Current Assets 35,ll2 30,925

Total Assets 268,161 229,376

Current Liabilities

Current Tax Liabilities

Input tax credit control account (3,602)

(3,602)

Total Current Liabilities

(3,602)

Total Liabilities

(3,602)

Net Assets 268,161 232,978

These financial statements are audited. They must be read in conjunction with the attached Accountant's Notes which form part of these financial statements

.

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Notes to the Financial Statements For the year ended 31 March 2019

Note 1: Summary of Significant Accounting Policies

The Treasurer has prepared the financial statements of the business on the basis that it is a non-reporting entity because there are no users dependent on general purpose financial statements. These financial statements are therefore special purpose financial statements that have been prepared in order to meet the needs of the owner.

The financial statements have been prepared in accordance with the significant accounting policies disclosed below, which the owner has determined are appropriate to meet their own needs. Such accounting policies are consistent with the previous period unless stated otherwise.

The financial report is prepared on an accruals basis and is based on historical costs and docs not take into account changing money values or, except where specifically stated, current valuations of non-current assets.

The following significant accounting policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of this financial report:

(a) Property, Plant and Equipment

Property, plant and equipment are included at cost, independent of the treasurers valuation. All assets, excluding freehold land and buildings are depreciated over the useful lives of the assets to the entity.

(b) Inventories

Inventories are measured at the lower of cost and net realisable value. Costs are assigned on a first-in first-out basis and include direct materials, direct labour and an appropriate proportion of variable and fixed overhead expenses.

(c) Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities on the balance sheet.

(d) Revenue and Other Income

Revenue is measured at the value of the consideration received or receivable after taking into account any trade discounts and volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognising revenue.

Interest revenue is recognised using the effective interest rate method, which, for floating rate financial assets, is the rate inherent in the instrument. Dividend revenue is recognised when the right to receive a dividend has been established.


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Sandringham Athletic Club Inc Notes to the Financial Statements For the year ended 31 March 2019

Revenue recognised related to the provision of services is determined with reference to the stage of completion of the transaction at the reporting date and where outcome of the contract can be estimated reliably. Stage of completion is determined with reference to the services performed to date as a percentage of total anticipated services to be performed. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent that related expenditure is recoverable. All revenue is stated net of the amount of goods and services tax (GST).


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2019 2018

Note 2: Revenue

Operating Activities:

Non-primary production trading revenue 1,970 6,295

Revenue from services rendered 52,248 35,296

Interest revenue Other operating revenue:

3,297 16,800

- Other income 600 4,722

- SLA - Income 5,835 6,285

- Social & Fund Raising 32

- Members Subscriptions 10,640 9,205

- Training Fees 1,374 1,505

75,965 80,140

Note 3: Inventories

Current

Stock - At cost 10,800 6,355

10,800 6,355

Note 4: Other Assets

Current

Short term deposits 1,000 1,000

1,000 1,000


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2019 2018

Note 5: Property, Plant and Equipment Plant and equipment:

- At cost 50,191 43,602 - Less: Accumulated depreciation (15,078) (12,677)

35,112 30,925

35,112 30,925

Note 6: Tax Liabilities

Current

Input tax credit control account (3,602)

(3,602)


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Treasurer's Declaration

The Treasurer has determined that the entity is not a reporting entity and that this special purpose financial report should be prepared in accordance with the accounting policies outlined in Note 1 to the financial statements.

The Treasurer declares that:

I. The financial statements and notes present fairly the entity's financial position as at 31 March 2019 and its performance for the year ended on that date in accordance with the accounting policies described in Note I to the financial statements;

2. In the treasurers opinion there are reasonable grounds to believe that the entity will be able to pay its debts as and when they become due and payable.

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DARYL VINCE & Co. Pty Ltd

ABN 680 0630 0143 Governing Director DARYL VINCE CPA

March 31, 2019

Gregory Scerri Treasurer Sandringham Athletic Club Inc PO Box 2146 MOORABBIN VIC 3189

Dear Gregory,

ENGAGEMENT AS AUDITOR You have request ed that we audit the financial statements of Sandringham Athletic Club Inc for the year ended 2019 which comprises the statements of financial position & statements of revenue and expenditure for the year. We are pleased to confirm our acceptance and our understanding of this engagement by means of this letter. Our audit will be conducted with the objective of expressing an opinion on the financial statements. The responsibilities of the auditor: We will conduct our audit in accordance with Australian Auditing Standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the· risks of material misstatement of the financial statements, whether due to fraud or error. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. Because of the inherent limitations of an audit, together with the inherent limitations of internal control, there is an unavoidable risk that some material misstatements may not be detected, even though the audit is properly planned and performed in accordance with Australian Auditing Standards. In making our risk assessments, we consider int ernal control relevant to the entity's preparation of the financial statement s 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

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the entity's internal control. However, we will communicate to you in writing concerning any significant deficiencies in internal control relevant to the audit of the financial statement s that we have identified during the audit. Our audit is not designed to be a complete examination of all aspects of your accounting system. Accordingly any matter s that are reported to you verbally or in writing should not be regarded as all- inclusive. Responsibilities of those charged with governance: Our audit will be conducted on the basis that [management and, where appropriate, those charged with governance] acknowledge and understand that they have responsibility: For the preparation of the financial statements that present fairly the results of the Association for the reporting period and the financial position of the Association as at the end of the reporting period. To provide us with: Access to all information of which the directors and management are aware that is relevant to the preparation of the financial report such as records, documentation and other matters; Additional information that we may request from the directors and management for the purpose of the audit; and Unrestricted access to persons within the entity from whom we determine it necessary to obtain audit evidence. To advise us of any material and/or contentious issues relating to the preparation of the financial statements and any known or suspected frauds which have occurred within the Association. To maintain adequate accounting records, to ensure that proper internal controls are in place, to ensure the accuracy of all financial records, and to maintain and safeguard the entity's assets to enable the preparation of the financial report that is free from material misstatement, whether due to fraud or error. Such internal controls reduce but do not eliminate the risk of misstatements in the financial statements from fraud or error. Those charged with governance assume responsibility for such risk. While the conduct of an audit may act as a deterrent against fraud or error we cannot be held responsible for preventing them.

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Those charged with governance are responsible for adjusting the financial statements to correct identified material misstatements. At the conclusion of each financial reporting engagement we provide those charged with governance with a summary of any uncorrected misstatements we identify and request to confirm in writing that the effects of any uncorrected misstatements are immaterial, both individually and in aggregate, to the financial statements taken as a whole. Representations from those charged with governance: As part of our audit process, we will request from those charged with governance written confirmation concerning oral representations made to us by the association in connection with the audit and that the association acknowledges that such representations would be relied upon by us during the audit. Reporting We anticipate the issues of an unqualified audit report in accordance with Australian Auditing Standards, however the form and content of our report may need to be amended in the light of our audit findings. Independence We have established policies and procedures designed to ensure our independence, including policies on the provision of non-audit work. Fees Our fee for the audit of the financial report of the association for the year, is $500.00, exclusive of GST and out-of-pocket expenses, as agreed. This fee assumes that all accounting transactions will have been processed and we will be presented with a final trial balance/set of financial statements at commencement of the audit. If we incur additional costs as a result of factors such as:

x Information not being provided to us within agreed time limits x Significant errors in the information that is provided x The scale of the business significantly changing x A material issue arising which was not reasonably contemplated at the time of the fee

quote then this additional time will also be billed. Our fees will be billed as the work progresses.

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Health and safety We are required to comply with Occupational Health and Safety legislation by taking all practical steps to ensure the health and safety of our people. Our firm's policy expects mutual responsibility for our people to ensure their own safety and that no harm is caused to others in the workplace, but the Act places responsibility for their safety on your Association when they are visitors to your site. Other services We are pleased to provide any additional services that may be required from time to time, provided such services do not impair our independence. We note that this engagement letter applies only to the work described in this letter. Should further work be required over and above such work, separate terms of engagement will need to be agreed. In particular, this letter does not deal with accounting advice or assistance with accounts preparation.

Presentation of Auditing Financial Statements on the Internet If the association presents the audited financial statements and auditors' report electronically on a web site, the security and controls over information on the web site should be addressed by the Association to maintain the integrity of the data presented. The examination of the controls over the electronic presentation of audited financial information on the Association web site is beyond the scope of the audit of the financial statements. Responsibility for the electronic presentation of the financial statements on the Associations web site is that of the governing body of the entity. Other financial information In reports We read the financial information contained in the documents or statements that are issued with any of the financial statements, including the Committee reports, to identify material inconsistencies with the financial reports. However, we will not verify such other information.

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General Matters The terms of this letter apply to all work carried out by us in connection with this engagement prior to the date of signing this letter. This letter will be effective for future years unless we advise you of its amendment or replacement or the engagement is terminated. Please sign and return the attached copy of this letter to indicate your acknowledgement of, and agreement with, the arrangements for our audit of the financial statements, including our respective responsibilities.

Yours sincerely LS Accountants

Daryl Vince

Acknowledgement We hereby acknowledge that the engagement letter dated 31 March 2019 is in accordance with our understanding of the arrangements for the audit of the Sandringham Athletic Club Inc financial statements. Signed for and on behalfofthe members by:

Date:

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DARYL VINCE & Co. Pty Ltd ABN 680 0630 0143

Governing Director DARYL VINCE CPA

March 31, 2019

Independent auditor's report

To the members of the Sandringham Athletic Club Inc

Report on the financial report We have audited the accompanying balance sheet as at 31st March 2019 and the income statement for the year then ended of the Sandringham Athletic Club Inc.·

The responsibility of the committee for the financial report

The committee are responsible for the preparation and fair presentation of the financial report in accordance with Australian accounting standards (including the Australian accounting interpretations). This responsibility includes designing, implementing arid 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 responslb/llty Our responsibility is to express an opinion on the financial report based on our audit. We conducted our audit in accordance with 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 that 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 of the accounting policies µsed and the reasonableness of accounting estimates made by [those charged with governance], 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.

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Independence

In conducting our audit, we have complied with the independence requirements of the Australian professional accounting bodies.

Qualifications In our opinion, the financial statements referred to in the first paragraph presents fairly, in all material respects, present fairly the financial position of Sandringham Athletic Club Inc.

Auditor's opinion In our opinion, the financial report gives a true and fair view of the financial position of Sandringham Athletic Club Inc as of 31st March 2019, and its financial performance for the year then ended in accordance with Australian accounting standards (including the Australian accounting interpretations).

Signed:

Daryl Vince ASIC Auditor Registration Number 10348

Documents

Sandringham Athletic Club Inc.sandyaths.com.au/wpsac/wp-content/uploads/2019/08/Annual...2019. This is verified through the stocktake process of uniform and member clothing. 2. We