Annual Report v1 | Page 17

GOLF CLUB • KEW Director’s Report Directors submit their report on the results of the company for the eight months ended 31 March 2014 and the state of the company’s affairs at that date. Directors Directors in office at the date of the report were:Position Name Occupation Committee Service Board Meetings Attended Held President P.D. FRENCH Director 2007-2014 7 7 Vice President K. PARRY Retired 2013-2014 4 4 Captain B.J. WASLEY Financial Planner 2009-2014 7 7 Treasurer M.J. READ Business Consultant 2012-2014 6 7 Director J.M. BAYLY National Manager 2007-2014 6 7 Director A. NELSON Pharmaceutical Consultant 2011-2014 6 7 Director L.P. DAPHNE Retired 2013-2014 7 7 Director J. WEEL Retired 2013-2014 4 4 Director R. KING Retired 2013-2014 4 4 At the Annual General Meeting held 25 November 2013, Mr P.D. French was elected to the position of President and Mr K. Parry was elected to the position of Vice President unopposed. At the same meeting, L.P. Daphne, J. Weel, and R. King were elected to their positions with a two year term. Since the end of the previous financial year no Director of the Company has received or become entitled to receive any emolument or other benefits by reason of a contract made with the company. Principal Activities The principal activities of the company throughout the financial year were the provision and maintenance of a golf club for the use and enjoyment of its members and no significant change in the nature of these activities has taken place during that period. These principal activities assist in achieving the short and long term objectives of the company by: • Providing golfing facilities for members; • Providing food, beverage and entertainment facilities for the members and community; and • Providing the cash flow and profit required to meet the objectives of the company. Short Term Objectives The company has identified the following short term objectives: • To maintain a quality golf course; • To trade in a financially responsible manner; and • To maintain strong membership. To achieve the above objectives, the company has: • Implemented a Course Works program designed to ensure that the course is maintained at the standard expected by Club members; • Implemented a budget and expense controls; and • Prepared a Marketing Plan designed to help build the profile of the Club and ensure ongoing membership demand. 15