1. Newcastle Cruising Yacht Club Limited 2018 Annual General Meeting
30th August 2018

2. Agenda Declaration of the election results NCYC Business Overview
Our Strategic Plan/ Business achievements and future plans
Our Financial Performance
Sailing achievements and future plans
Consideration of Director’s Report and Financial Statements 2017/ 18 year
Adoption of the report
Appointment of the Auditors for
Any Questions

3. Declaration of the election results
The following director was elected unopposed;
Steve Rae - Commodore
The following directors were elected by ballot:
Returning Office to provide ballot result

4. Our vision
Get Newcastle Sailing!

5. Our key strategies are:
Sailing Strategies
Future Facilities
Sailing Fleets
Major Events
Operate Safely
Club Strategies
Financial Plan
Communication
Maritime Opportunities
Talented People

6. Business Update
We have continued to invest (more) in sailing so that we can promote our sport in the local community to make sailing more accessible, and providing more sailing opportunities for our members.
We have also worked to improve the Club offering to our members and their guests.

7. Business Update
We are negotiating with Thales to lease an area of land for lasers, to provide on-going facilities for this fleet.
We are involved in discussions with NCC in the event that Newcastle is successful in it’s bid to host the Volvo Round the World teams for their Australian stopover.

8. Credit to you…..
To our (internal) committees; social club, sailing committee, She Sails and Cruising Division
……for taking your own initiatives to take the club forward
To all our members for your support, and “using and enjoying” your club

9. Finance Update
The Marina continues to provide substantial cashflow with an average 90% monthly occupancy or better.
Our new updated schedule for Berthing Fees has allowed us to correctly maintain our ageing marina and maintain our club buildings.
The first of our 15 year lease berths expired this financial year. We have 30 remaining leased berths with varying expiry dates out to 2023.

10. Finance Update
Our Clubhouse performed exceedingly well with revenue over the bar increasing by more than 18% compared to the prior year.
The introduction of a contract caterer resulted in a small improvement in the Clubhouse net result.
Cashflow improved this year to the extent that we were able to pay $500,000 off the loan that we had not been able to reduce the previous year.

11. Finance Update
Corporate assets continue to be well maintained, including commercial buildings and clubhouse, the marina, and boats
The Club has been refurbished and we now have a separate Trophy Room and safe access to the kitchen.
We have also established the Foredeck Café, offering coffee and a licensed area to provide drinks while enjoying our beautiful marina views.

12. NCYC Business Overview
Financial Results

13. Financial Performance
Functional Area
Licenced Club
(91,317)
(72,216)
Marina
754,825
888,570
Commercial Centre
433,078
460,934
Sailing
(167,405)
(188,315)
Excludes depreciation

14. Profitability and Cash Flow
2015
2016
2017
2018 $
Net Profit
140,205
167,632
(23,066)
194,337
Add Back: Interest
97,063
73,535
67,514
56,706
Add Back: Depreciation
711,260
406,110
398,578
383,883
Add Back: Asset Write Downs
1,263
66,310
Operating Profit
949,791
713,587
443,026
634,927

15. Summary of Financial Position
2015
2016
2017
2018 $
Total Assets
7,651,412
7,345,917
7,033,973
6,902,153
Total Liabilities
2,971,036
2,497,909
2,209,031
1,882,874
Net Assets
4,680,376
4,848,008
4,824,942
5,019,279

16. NCYC Business Overview
Future Plans/ challenges

17. Looking ahead … Focus on increasing our Membership at all levels.
We will continue to maintain and grow our Club.
We do have closure on our DA and will be considering the options available to us for future planning.
Plans in place to refurbish our Bathroom/Laundry facilities.
Considering increasing Marina capacity.
Increasing the Wet Lease by seeking approvals from key stakeholders and possibly extending the marina.

18. NCYC Business Overview
Strategic Plan Achievements in 2017 / 2018
Sailing

19. We will develop sailing in Newcastle by:
Building participation in sailing
Prioritising our investments
Hosting a range of successful sailing events

20. Our key strategies are:
Sailing Strategies NOW
Future Facilities
Sailing Fleets
Major Events
Operate Safely
Club Strategies
Maritime Opportuni ties
Financial Plan
Communi cation
Talented People

21. Sailing this year Lasers: Keelboats NSW Country Championships
63 races
Keelboats
40 races
NSW Country Championships
Farr 40 OD event
Port Stephens Lead in Race

22. Sailing this year Sailing Academy Discover Sailing
Lean to Sail: “Tackers” and Force 24s
Youth Development
Twilights
“She Sails”
Youth Keelboat Championships
Youth Match Racing
Corporate Sailing

23. Sailing Strategies Plan
DINGHY LTS
KEELBOAT LTS
Tackers LTS
Start Crew
Start Helm
Skipper
Optimist
Green Fleet
Lasers
Green Fleet
Private Lessons?
New Boat Owner?
Optimist
Club Racing
Lasers
Club Racing
Club Racing Fleet
Club Cruising Fleet
Regatta Fleet
Youth Perf Program
Twilight Fleet

24. Sailing Strategies Bottom up strategy adopted
People – Jacqueline Ellis & Jack Buchan
Equipment
Wombat, George Keegan & Paul Gleeson
Race Marks, Radios, GPS receivers etc.
Training
SAFETY
Race Officer and Race Management
RRS

25. Sailing Strategies Increase membership participation Member’s Survey
Twilights move to Friday
Sailing schedule re-vamp
Acquisition of 8 Elliot 6s

26. Our key strategies are:
Sailing Strategies in Planning
Future Facilities
Sailing Fleets
Major Events
Operate Safely
Club Strategies
Maritime Opportuni ties
Financial Plan
Communi cation
Talented People

27. Future Sailing Strategies & Events
Farr 40 Regatta continues
TP 52 Regatta is under negotiation for March 19
Continued focus on increasing the participation of Women in sailing
Newcastle Lord Howe race shelved
NCYC is in PRELIMINARY planning to stage a lead in Regatta for SPS concurrent with TP52s

28. Volunteers Sailing Committee / Sub Committees Social Committee
Mark Layers
Race Officials / Starters
Handicapper
Rum Runners
Raffles Volunteers
THANK YOU!

29. Consideration of the Directors Report and Financial Statements of 2017/ 18
DFK Crosbie appointed & completed financial year audit of statutory accounts
Any questions regarding NCYC Statutory Accounts?
Formally note acceptance of Directors Report and Financial Statement for 2017/ 18

30. Appointment of our Auditors
NCYC’s Board recommends continuation with DFK Crosbie as auditors for the financial year

31. Any final questions or comments?

32. Invitation to celebrate another successful year at NCYC by moving into the Club to enjoy a drink