ANNUALREPORT SINGAPORE RECREATION CLUB
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ANNUALREPORT
SINGAPORE RECREATION CLUB
2018
CONTENTS 1 President’s Message 4 Management Information 6 Sub-Committees and Section Committees 19 Finance Member’s Message 21 Financial Statements
PRESIDENT’S
MESSAGE
Dear Members
Land Lease Extension Negotiations
The time has come for us to commence our negotiations with the
Singapore Land Authority (SLA) over the extension of our lease.
Questions have been raised by many members and potential members
over our continued existence on this historical ground.
The Urban Redevelopment Authority’s 2014 Master Plan for the
Downtown Core/City Hall planning area shows the land area occupied
by the Singapore Recreation Club as under “sports and recreation” use. A
real estate advisory company will be hired to assist the Club in land and
building valuation for the lease negotiations.
Our intent is to show SLA that we deserve to continue to exist on the
Padang and that we will be able to finance the lease.
This is why there has been a consistent effort over the past five years to
maintain and upgrade the Clubhouse, a push towards making sports
accessible for members, and sharing our grounds with the community
through projects with partners such as SportSG and the Central Singapore
Community Development Council. The Club also accepted a partnership
invitation from the People’s Association to field a contingent for the
Chingay Parade 2019.
More than ever, with our sports and social section committees and other
sub-committees, the Club has been on a path to rejuvenate itself in terms
of facilities and inject vibrancy through programming in all areas, be they
in sports, social or F&B.
A task force has been working behind the scenes to put together
documents for our lease extension bid, and a business plan for raising
capital when the lease extension is approved.
The Management Committee and I are optimistic that we will be able to
give an answer to members before the end of 2019.
ANNUAL REPORT 2018 |1
Banquet Sales for FY2018 In 2018, the Club continued to prioritise maximising banquet revenue to compensate for the reduced takings from the jackpot room due to regulatory changes. Our Banquet sales for the year stood at $1,570,248 inclusive of banqueting events at Lounge 1883 and on the 3rd storey. For the six-month operating period from July to December 2018, the banqueting events on the third storey generated sales of $561,591 and a gross profit of $347,034 (62%). With the halal kitchen, we have been able to fulfil government events and other events with halal requirements. Clients have been giving our new facilities a stamp of approval – there have been a fair share of meetings, seminars, weddings, parties and functions held to date. The focus on banquet sales will continue in 2019, especially with the anticipated drop in Padang rental income. The National Day Parade will be held at the Padang in conjunction with the Singapore Bicentennial celebrations, with our grounds ceded to the National Day Parade organising committee from March to August. This is followed by Singapore GP’s use of the grounds for the Formula 1 Singapore Airlines Singapore Grand Prix. 3rd Storey Additions and Alterations & 1st Storey Regularisation Works We completed our additions and alterations (A&A) to the 3rd storey of the Clubhouse and regularisation works for Padang Terrace located on the 1st storey of the Clubhouse and formally commenced operations from July. The resolution passed at the 128th Annual General Meeting authorised the Management Committee to expend funds up to a maximum sum of $2,700,000 ($2.7mil). A report will be given in due course on the expenses incurred for this project. 2|ANNUAL REPORT 2018
DHL Asia Cup 2018
Our corporate client, DHL Asia returned to the Padang to hold its Asia Cup from August 4 to August 5, an event that
catered for over 1,200 attendees. The hard work of the F&B department yielded even better results than in FY2017:
FY2018 FY2017
Total Sales $333,800 $252,300
Cost of Sales $88,200 (26%) $92,600 (37%)
Gross Profit $245,600 (74%) $159,700 (63%)
Padang rental rates remained the same at $88,000.
Sporting Achievements in 2018
Our 8 sports sections continued to fly our flag high in the areas of snooker, bowling, cricket, golf, hockey, netball
and softball.
Notably, we were the runners-up for the 19th Youth Bowling Inter-Club 2018. In cricket, we were the 1st runner-
up for Singapore Cricket Association League 2018 Premier Division and Division 1 and champions for Division 3.
The men’s hockey team were the Singapore Hockey National Hockey League 2018 Junior Division 2 and League 2
champions, and runner-up for League 3. Our ladies were the 1st runner-up for the Singapore Baseball and Softball
Association Women’s Fastpitch League.
Congratulations to all participants donning Club colours for the various competitions.
Our Workforce
We are moving towards streamlining operations and containing our labour costs due to service quota cuts and
a reduction in wage rebates from the Government. We will continue to invest in staff programs and training
to enhance service delivery to our members. We are also looking into automation wherever possible without
compromising service standards. Grants will also help to defray some automation costs.
The Excellent Service Award (EXSA) is a national award that recognises individuals who have delivered outstanding
service. This year, we had a total of 23 winners: 3 Gold and 20 Silver.
We are proud of all our staff who have received EXSA awards.
Number of Management Committee Meetings
For the year 2018, the MC held a total of 14 meetings.
We thank you for your continued support of the Club and look forward to seeing you at the Club’s Annual General
Meeting on April 13, 2019.
Dr Sarbjit Singh
President
Singapore Recreation Club
ANNUAL REPORT 2018 |3
MANAGEMENTINFORMATION
President
Dr Sarbjit Singh Honorary Members
Dr Tony Tan, former President, Republic of Singapore
Vice-President The Late Dr B H Sheares
Mr Ronnie Chua Poh Teck The Late Dr Wee Kim Wee
The Late Mr Edwin Clement Tessensohn
Finance Member The Late Mr E W Barker
Mr Derrick Charles D’Souza The Late Mr Lee Kuan Yew
The Late Mr S R Nathan
Games Control Board Chairman The Late Prof E S Monteiro
Mr Albert Teo Heng Kiat
Life Presidents
Management Committee Members The Late Mr F A Milne
Dr Christopher Chong Yew Luen The Late Mr Reggie John Tessensohn
Mr Robin Tan Boon Yong
Mr Steven Yeo Peng Keng Patron Members
Mr William Loh Heng Hong The Late Mr Kumar Lal
Mr Allan Goh Eng Kim The Late Mr Kantilal J Shah
Mr Anil Murkoth Changaroth The Late Mr Rajabali Jumabhoy
Mr Ryan Chin Kean Onn The Late Mr Ronald Hubert Barth
Mr Steven Goh Kim Soon
Auditor
General Manager / Secretary HLB Atrede LLP
Mr Shareef Jaffar 20 Peck Seah Street
#05-00
Registered Office Singapore 079312
B Connaught Drive
Singapore 179682 Principal Bankers
Tel: 6595 0500 CIMB Bank Berhad
Fax: 6339 6563 DBS Bank Ltd
src1883@src.org.sg Maybank Singapore Limited
www.src.org.sg Standard Chartered Bank
4|ANNUAL REPORT 2018
MANAGEMENT COMMITTEE 2018 - 2020
DR SARBJIT SINGH MR RONNIE CHUA POH TECK MR DERRICK D’SOUZA
President Vice-President Finance Member
MR ALBERT TEO HENG KIAT DR CHRISTOPHER CHONG YEW LUEN MR ROBIN TAN BOON YONG
Games Control Board Chairman Management Committee Member Management Committee Member
MR STEVEN YEO PENG KENG MR WILLIAM LOH HENG HONG MR ALLAN GOH ENG KIM
Management Committee Member Management Committee Member Management Committee Member
MR ANIL MURKOTH CHANGAROTH MR RYAN CHIN KEAN ONN STEVEN GOH KIM SOON
Management Committee Member Management Committee Member Management Committee Member
ANNUAL REPORT 2018 |5
SUB-COMMITTEES
CHAIRMAN
MR ANIL MURKOTH CHANGAROTH
COMMITTEE MEMBER COMMITTEE MEMBER
MS IRENE TAY KIAN LIAN ENTERTAINMENT MR MAXWELL NORBERT FERNANDO
COMMITTEE MEMBER COMMITTEE MEMBER
MS JOAN YEE MR ROGER TEO HOE BENG
VICE-CHAIRMAN
MR ROBIN TAN BOON YONG
CHAIRMAN
MR STEVEN YEO PENG KENG
COMMITTEE MEMBER COMMITTEE MEMBER
MR BENJAMIN ONG KOK CHYE FACILITIES & MR RONNIE CHUA POH TECK
MAINTENANCE
COMMITTEE MEMBER COMMITTEE MEMBER
MR LEE AH POY MR VICTOR LYE
VICE-CHAIRMAN
MR LIM FATT SENG
6 |ANNUAL REPORT 2018
SUB-COMMITTEES
CHAIRMAN VICE-CHAIRMAN
DR SARBJIT SINGH MR STEVEN YEO PENG KENG
FOOD & BEVERAGE
COMMITTEE MEMBER COMMITTEE MEMBER
MR ALLAN GOH ENG KIM MR RAYMOND LIM TIAM TENG (PBM)
COMMITTEE MEMBER COMMITTEE MEMBER COMMITTEE MEMBER
MS JANET CHAN MS NORAINI LOI MR SUNDER RAMCHANDANI
CHAIRMAN
MR DERRICK CHARLES D’SOUZA
COMMITTEE MEMBER COMMITTEE MEMBER
MR BENJAMIN ONG KOK CHYE FINANCE MR SALEEM AKHTAR
COMMITTEE MEMBER COMMITTEE MEMBER
MR DAVID TONG HOW HENG MR SURESH AGARWAL
VICE-CHAIRMAN
MR WILLIAM LOH HENG HONG
ANNUAL REPORT 2018 |7
SUB-COMMITTEES
CHAIRMAN
MR ALBERT TEO HENG KIAT
VICE-CHAIRMAN
MR RONNIE CHUA POH TECK
BILLIARDS CONVENOR SOCIAL SOCCER CONVENOR
DR HAN KIT KWONG MR RANJIT SINGH
GAMES CONTROL
BOARD
SOFTBALL CONVENOR
BOWLING CONVENOR MR MARCUS LEW CHENG CHYE
MRS TANG WHAI YIH
GOLF CONVENOR
MR NELSON YEO KIAN PENG
TENNIS CONVENOR
CRICKET CONVENOR MR PETER FOO SAY TUANG
MR PAUL JOSEPH
HOCKEY CONVENOR
MR KELVIN LIM YONG SHENG
8 |ANNUAL REPORT 2018SUB-COMMITTEES
CHAIRMAN
DR CHRISTOPHER CHONG YEW LUEN
HUMAN RESOURCE
COMMITTEE MEMBER COMMITTEE MEMBER
MR CHRIS GAY TEO POH MR VINCENT YUEN KOK WENG
VICE-CHAIRMAN
MR RONNIE CHUA POH TECK
COMMITTEE MEMBER COMMITTEE MEMBER
MR MANIMARAN PUSHPANATAN MR STEPHEN YEE FOOK KEONG
COMMITTEE MEMBER
MR NICHOLAS TEO EU JIN
ANNUAL REPORT 2018 |9SUB-COMMITTEES
CHAIRMAN VICE-CHAIRMAN
MR RYAN CHIN KEAN ONN DR SARBJIT SINGH
INFORMATION
TECHNOLOGY
COMMITTEE MEMBER COMMITTEE MEMBER
DR LAU CHIEW TONG MR SURESH AGARWAL
COMMITTEE MEMBER
DR FREDDIE LOW HOONG YUEN
CHAIRMAN
MR ALLAN GOH ENG KIM
COMMITTEE MEMBER COMMITTEE MEMBER
MR ERIC TAN HUAT LIM PUBLICATIONS MR NELSON YEO KIAN PENG
COMMITTEE MEMBER COMMITTEE MEMBER
MR MICHAEL LIEW SOON FOOK MR RAYMOND LIM TIAM TENG (PBM)
VICE-CHAIRMAN
MR DERRICK CHARLES D’SOUZA
10 |ANNUAL REPORT 2018SUB-COMMITTEES
CHAIRMAN
MR WILLIAM LOH HENG HONG
VICE-CHAIRMAN
MR ANIL MURKOTH CHANGAROTH
COMMITTEE MEMBER COMMITTEE MEMBER
MR AMARJEET SINGH MR KULDIP SINGH S/O LATCHIMAN SINGH
RULES &
MEMBERSHIP
COMMITTEE MEMBER
COMMITTEE MEMBER MR NG HOON HWEE
MS CONSTANCE MARGREAT PAGLAR
COMMITTEE MEMBER
MR JAGINDAR SINGH
COMMITTEE MEMBER
COMMITTEE MEMBER MDM SHIRLEY LOURDES
DR FREDDIE LOW HOONG YUEN
COMMITTEE MEMBER
MR KERTAR SINGH S/O GULJAR SINGH
ANNUAL REPORT 2017|11SUB-COMMITTEES
CHAIRMAN
MR RYAN CHIN KEAN ONN
SECURITY
COMMITTEE MEMBER COMMITTEE MEMBER
CAPT FRANCIS KOH KHENG SENG MR R PRABU MENON
VICE-CHAIRMAN
MR STEVEN GOH KIM SOON
COMMITTEE MEMBER COMMITTEE MEMBER
MR KENNETH MAH CHERN FENG MR ROY S RAMACHANDARAN
COMMITTEE MEMBER
DR MATTHEW YAP CHOON PIAN
12 |ANNUAL REPORT 2017SUB-COMMITTEES
CHAIRMAN
MR ROBIN TAN BOON YONG
VICE-CHAIRMAN
MR ALLAN GOH ENG KIM
BALUT CONVENOR & LINE DANCE CONVENOR
WOMEN’S WING CHAIRPERSON MR KOH CHOON HWA
MS YVONNE MARIE PEREIRA
SOCIAL
TOASTMASTERS PRESIDENT
BRIDGE CONVENOR MS ROSALIND YIP
MR CHUGH VIJAY THAKURDAS
CHESS CONVENOR
MR SUNDER RAMCHANDANI
DANCESPORT CONVENOR
MR GILBERT HU TOH TECK
ANNUAL REPORT 2018 |13SECTION COMMITEES
BALUT SECTION
CONVENOR YVONNE MARIE PEREIRA
VICE-CONVENOR GERARD LEE LEONG JIN
SECRETARY IRENE QUEK POH SUAN
BILLIARDS SECTION
CONVENOR DR HAN KIT KWONG
VICE-CONVENOR RONNIE WONG POH KOON
CAPTAIN SEAN KERWIN MATHEWS
MEMBER IKHLAQUE SHAIKH
MEMBER BRADLEY SCULLY GERARD
BOWLING SECTION
CONVENOR TANG WHAI YIH
VICE-CONVENOR SUSAN TAN S I
MEMBERS LEE AH POY
DUDLEY OLSEN
ROGER TEO HOE BENG
WINNIE LOO SOU LEONG
BRIDGE SECTION
CONVENOR CHUGH VIJAY THAKURDAS
VICE-CONVENOR KRISHNAN VIJAYAN
TREASURER INDRU LACHMANDAS KHEMANY
SECRETARY MICHAEL CHEN
MEMBER TIMOTHY TAY CHIN HEAN
CHESS SECTION
CONVENOR SUNDER RAMCHANDANI
CAPTAIN ANDREW EE CHONG NAM
MEMBERS INDUBHAI BALUBHAI PATEL
MATHAVAN KUNDAN
THADHANI SHIVANDAS RAMCHAND
VIJAYAKUMAR
CRICKET SECTION
CONVENOR
PAUL JOSEPH
VICE-CONVENOR
ALPHESH PUNA
MEMBERS
ANUJ BEHL
MITHILA CHATHURANGA SENEWIRATHNE RAJAPAK
REZZA GAZNAVI
IRFAN MADAKIA
SANDEEP PURI
14 |ANNUAL REPORT 2018SECTION COMMITEES
DANCESPORT SECTION
CONVENOR GILBERT HU HOH TECK
VICE-CONVENOR ANTHONY HOE GIM WAH
TREASURER WAN KOK LEONG (VICTOR)
MEMBERS HO CHENG TOON (PAUL)
LOH KWAN BOH
LOW CHIN SING (LAURENCE)
PAULINE WONG
GOLF SECTION
CONVENOR NELSON YEO KIAN PENG
VICE-CONVENOR RAYMOND LIM TIAM TENG (PBM)
MEMBERS ERIC TAN HUAT LIM
DAYAL KHEMLANI
JANSSEN HO SENG FATT
IRENE LYE KIM HUA
FRED TAY KAM KIANG
JONATHAN TAN KHENG MENG
MARTIN CHUA SOOK WHEE
RONNIE TAN KIM CHENG
LINE DANCE SECTION
CONVENOR KOH CHOON HWA
VICE-CONVENOR HILDA TAN BENG HUAY
TREASURER MAGDALENE SOO MEI HENG
SECRETARY LIM AH WAN (LILIAN YAP)
MEMBERS JANET CHAN
JOAN YEE
LILIAN LEE
HELEN LOY CHEE HUAN
AMY TAN KHOON WAH
TEO EAN EAN DIANA @ MRS HENG KEOW
HOCKEY SECTION
CONVENOR KELVIN LIM YONG SHENG
MEMBERS EDWIN TAN KWEE YONG
NG WAN CHIANG (ROBIN)
SOFTBALL SECTION
CONVENOR MARCUS LEW CHENG CHYE
MEMBERS REGINA YEO LI IM
ALVIN TAN WEI WEN
ROYSTON TAN
DANIEL HENG
ANNUAL REPORT 2018 |15SECTION COMMITEES
SOCIAL SOCCER SECTION
CONVENOR RANJIT SINGH
VICE-CONVENOR WAYNE CHAN WEI WEE
TREASURER KRISHNA PARAMASIVAM
MEMBERS DAVID ONG BOON LAI
STEVEN LEE SOO LIAP
THOMAS TAY WHEE HONG
ANG HOCK CHAI
TENNIS SECTION
CONVENOR PETER FOO SAY TUANG
MEMBERS DR BOK TECK SUN
PETER FOO KOK CHEE
TAKESHI YOSHIDA
ERNEST QUEK CHENG EN
BRENDAN BOEY JEN YU
TOASTMASTERS SECTION
EXECUTIVE COMMITTEE
(1 JULY 2017 - 30 JUNE 2018)
PRESIDENT THIA ELITA
VICE-PRESIDENT, EDUCATION ROSALIND YIP
VICE-PRESIDENT, MEMBERSHIP SHUI LI TING SERILYN
VICE-PRESIDENT, PUBLIC RELATIONS MARK DAVID WEINBERGER
TREASURER JOSEPH MEYANA PRAGASAM
SECRETARY JANSSEN HO SENG FATT
SERGEANT-AT-ARMS SMITA SINGH
EXECUTIVE COMMITTEE (1 JULY 2018 - 30 JUNE 2019)
PRESIDENT ROSALIND YIP
VICE-PRESIDENT, EDUCATION NGO AI LIN
VICE-PRESIDENT, MEMBERSHIP JESSIE KWEK
VICE-PRESIDENT, PUBLIC RELATIONS JENNY NG
TREASURER ANNE LEE
SECRETARY JANSSEN HO SENG FATT
SERGEANT-AT-ARMS ANNE CHONG
WOMEN’S WING SECTION
CHAIRPERSON YVONNE MARIE PEREIRA
VICE-CHAIRPERSON CHEW LIAN NEO IRENE
MEMBERS AMELIA LYNNA V M JOHN
IRENE QUEK POH SUAN
MENON PAMELA CHARLES NEE PEREIRA
ONG SEW CHENG (VERONICA)
KATHARINE SYN OI KWAN
DOROTHY BONNIE TESSENSOHN
16 |ANNUAL REPORT 2018SPORTING ACHIEVEMENTS IN 2018
BILLIARDS
• Winner of Annual Interport Game 2018 with Royal Bangkok
Sports Club
BOWLING
• 19th Youth Bowling Inter-Club 2018 - Runner-up
CRICKET
• Singapore Cricket Association League 2018
• Premier Division – 1st Runner-up
• Division 1 – 1st Runner-up
• Division 3 – Champion
GOLF
• Winner of the SRC-SGCC Annual Golf Tournament
HOCKEY (MEN’S)
• Singapore Hockey National Hockey Junior League Division
2 - Champion
• Singapore Hockey National Hockey League 2 - Champion
• Singapore Hockey National Hockey League 3 - Runner-up
SOFTBALL
• Singapore Baseball and Softball Association Women’s
Fastpitch League – 1st Runner-up
ANNUAL REPORT 2018|17PADANG EVENTS
4 March 2018 SRC-EA Crystal Cup 2018
28 March 2018 JP Morgan Corporate Challenge Singapore 2018
28 to 30 April 2018 JSSL Singapore International 7s 2018
27 May 2018 Families for Life Celebrations 2018
28 to 29 July 2018 GetActive! Singapore 2018
3 to 5 August 2018 DHL Asia Cup 2018
26 August 2018 SAFRA Singapore Bay Run / Army Half Marathon 2018
15 to 17 September 2018 Formula 1 Singapore Grand Prix 2018
4 November 2018 MediaCorp SPOP! Sing 2018
17 November 2018 Padang Shield 2018 (Hosted by SRC)
18 |ANNUAL REPORT 2018FINANCE MEMBER’S
MESSAGE
Dear Members
Once again, it is an honour and privilege to address you as Finance Member
in our Management Committee and to share salient matters of our Club’s
financials for 2018.
1. Balance Sheet as at December 31, 2018
1.1 As members may be aware, our largest long term assets are our fixed
assets, at cost less accumulated depreciation, of $15,261,012 (2017
$16,823,480). A significant change in the make-up of this item is that in
2017, as reported, the guest rooms at Level 3 were disposed of. This year,
we are proud to have in its place at Level 3, our completed Esplanade
Ballroom. In Note 4 of our audited financial statements, this fixed asset
has been disclosed as $782,653 being cost less depreciation and, as
reported in Note 11, the Development Fund balance of $1,627,288 was
utilised for part of the construction cost of the Esplanade Ballroom.
1.2 Our cash at banks comprises fixed deposits (long term and current)
totalling $15,452,425 (2017 $17,795,325) and cash and cash equivalents
$3,956,388 (2017 $6,560,118). These balances are with four banks,
Standard Chartered Bank, CIMB Bank Berhad, Development Bank of
Singapore and Maybank Singapore Limited.
1.3 Members’ receivables less allowance for expected credit losses
(previously termed provision for impairment) total $1,249,637
(2017 $1,344,226). Constant review of long-outstanding balances
has resulted in a clearer image of such unpaid balances while the
challenge of clarification of incomplete membership records has been
significantly resolved.
ANNUAL REPORT 2018|192. Results for the year 2018 Total comprehensive deficit for the year was $4,428,588 (2017 $4,728,220), a decrease of $299,632. The deficit of $4,428,588 was impacted chiefly by the reduction in contribution from fruit machines (net) of $1,118,793. Members may recall that the Ministry of Home Affairs, the regulator of fruit machines operations, tightened regulations in the second half of 2017 in an attempt to control problem gambling. As a result, members’ guests were no longer allowed to enter the fruit machine room. Furthermore, among other new regulations, entry by members was strictly controlled and clubs were not allowed to provide facilities to encash members’ cheques and credit cards. In comparison with the previous year’s results, members may recall that the deficit in 2017 was mainly due to an extraordinary loss of $1,356,765 on disposal of property, plant and equipment from the guest rooms fixed assets. Staff costs are a significant expense that management, present and future, must continue to be aware of, monitor and rationalise. 3. Independent Auditor We are pleased to report that our independent auditor, HLB Atrede, has expressed its willingness to accept reappointment for 2019. 4. Conclusion I take this opportunity to thank all concerned, especially members, the management committee, the Finance sub-committee and all staff for their kind and valuable support and advice on our financial matters. In particular, it is also imperative that all heads of departments and their staff continue to support our finance director and the finance department to ensure smooth flow of information and documentation to facilitate and improve the efficiency in all areas of financial matters especially in the area of budgetary control. Thank you. Derrick D’Souza Finance Member Singapore Recreation Club 20|ANNUAL REPORT 2018
B Connaught Drive Singapore 179682 | Tel: 6595 0500 | Fax: 6339 6563
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