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NSW OLYMPIC COUNCIL 2015 ANNUAL REPORT
CONTENTS
The New South Wales Olympic Council is pleased to present the 2015 Annual Report
on the occasion of the Annual General Meeting, Wednesday 20th April, 2016 at the
Royal Sydney Yacht Squadron, Kirribilli.
1/ NSW OLYMPIC COUNCIL 2015 ANNUAL REPORT ...........................1
1.1 MEMBERS OF THE EXECUTIVE ..............................................3
1.2 2015 PRESIDENT’S REVIEW .....................................................4
1.3 LIFE MEMBERS & ORDER OF MERIT AWARD RECIPIENTS ..7
1.4 2015 EXECUTIVE DIRECTOR’S REVIEW..................................8
1.5 LILLEHAMMER YOUTH WINTER OLYMPICS .........................10
1.6 OLYMPIC EDUCATION ............................................................11
1.7 2016 AUSTRALIAN OLYMPIC TEAM APPEAL (NSW) .............12
1.8 2015 NSW OLYMPIC COUNCIL ATHLETE GRANT RECIPIENTS
..................................................................................................13
1.9 OLYMPIANS CLUB OF NSW: PRESIDENT’S REVIEW............14
1.10 AUSTRALIAN OLYMPIC TEAM PARTNERS AND SUPPLIERS
.............................................................................................. ....15
1.11 NSWOC MEMBER ORGANISATIONS .....................................16
1.12 NSWOC 2015 STATEMENT OF ACCOUNTS .........................19
CONTACT:
New South Wales Olympic Council
Museum of Contemporary Art
Level 4, 140 George Street
SYDNEY NSW 2000
PO Box R1788
ROYAL EXCHANGE NSW 1225
Tel. 02 9247 2000
www.olympics.com.au/nsw
ABN 69 861 556 748
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 2|P A G E
MEMBERS OF THE EXECUTIVE
PRESIDENT
Helen Brownlee OAM
VICE PRESIDENTS
J. Doug Donoghue AM
Geoff Davidson
EXECUTIVE BOARD
Shane Alvisio
Peter Hadfield OAM
Peter Lozan
Betty Moore
Carolyn Toh
EXECUTIVE DIRECTOR
James Edwards
EVENT MANAGER
Sarah Burston
Australian Women’s Basketball Team, London 2012 Bronze Medallists
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 3|P A G E
2015 PRESIDENT’S REVIEW
This last year has been extremely busy for the NSW Olympic Council, for as well as our
fundraising and education activities, the team has rolled out the IGNITE series of athlete
seminars to prepare our athletes for the Rio Olympic Games. All prospective Rio athletes and
their coaching and management personnel were engaged in presentations highlighting the
history of the Australian Olympic Team involvement since 1896, and outlining the expectations
of the 2016 Team Management to create a unity of purpose -“one team” – in achieving a life
best experience for each athlete. These sessions incorporated many Olympians from past
Games who shared their stories and inspired our prospective athletes to ‘ignite the passion’ to
be the best that they could be!
Late last year, as a follow-on from IGNITE, we were again involved in two of the ASPIRE
athlete seminars, with the third and final NSW session held earlier this month. These sessions
covered team processing and uniform sizing, but importantly, the athletes were presented with
a ‘snapshot’ of what to expect in Rio from their Olympic Village accommodation, transport,
security and health matters to how to interpret the AOC Team Agreement, anti-doping
requirements and the management of social media.
For the first time ever, Australia and New Zealand were
invited to participate in four sports at the Pacific Games, held
in Port Moresby from 4-18 July, 2015. Under the leadership of
our own gold medal Olympian, Malcolm Page, as Chef d’
Mission, Australia won 47 medals with only 43 athletes – 16
from NSW, in the sports of Rugby 7’s, Sailing, Taekwondo
and Weightlifting. These young athletes made such a positive
Women Rugby 7’s Team impression that the Pacific Games Council (PGC) is
2015 Pacific Games
proposing that Australia and New Zealand be included in
future Games, with an increase in sports. This decision will be made at the PGC Annual
Meeting in Vanuatu in May, 2016. A highlight of the PNG experience was a visit to the
Bomana War Cemetery, and welcoming Ezekial Tindeppa, grandson of the original Fuzzy
Wuzzy Angel (battle of Buna-Gona) as the Australian Team’s driver.
The Athlete Grant Program, introduced in 2014, has gone from strength to strength which
indicates the depth of talent amongst young athletes, as well as their need for financial
assistance. In 2015 five scholarships were awarded to athletes from Sailing, Water Polo,
Athletics, Fencing and Triathlon, from a total of 196 applications.
With a significant increase in applications this year (411), the recipients of the 2016 Athlete
Grants will be announced at the 2016 Annual General Meeting.
At the AOC 2015 Annual Meeting, the Constitution was changed to recognise Australia’s
Indigenous heritage by the addition of a clause “To recognise the heritage, culture and
contribution of our nation’s first people, and to give practical support to Indigenous
reconciliation through sport”. To this end the AOC supported the Indigenous Marathon Project
– a 10km indigenous Relay run around the base of Uluru by sending five athletes (including
three indigenous Olympians) and three staff members – forming two relay teams. The
weekend was an outstanding success, and rated as one of the most historical and culturally
significant events ever witnessed.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 4|P A G E
On the education “front” we continued with on-line nomination forms for the Pierre de
Coubertin Award, noting an increase in take-up by schools to reach 306 applications. We were
delighted to involve the Olympians who shared their
journeys with our students at the Academy Day and
Award Presentation – our thanks to Scott Kneller
(Ski Cross), Stephanie Magiros (Snowboard),
Youcef Abdi (Athletics) and Kitty Chiller (Modern
Pentathlon) and Chef de Mission of 2016 Australian
Olympic Team.
A number of athletes celebrated the 2015 Olympic
Day in June by visiting schools and sharing their
Helen Brownlee, 2015 Pierre de Coubertin experiences. Olympians Bec Rippon (Water polo)
State Presentation and Stephanie Magiros (Snowboard) visited All
Hallows Catholic Primary School; Jarryd Hughes
(Snowboard) inspired students from Monte Sant’ Angelo Mercy College and Michelle Jenneke
(Athletics) visited North Epping Primary School. In addition Cycling Australia, in conjunction
with Cycling NSW, supported Olympic Day by running a “Let’s Ride” session at North
Narrabeen Public School, tripling the participation numbers from previous weeks.
Continuing the Olympic Day Celebrations in July, the AOC attended the inaugural National
Primary Games, held in Tamworth and hosted by the Northern Inland Academy of Sport.
Olympians Lyndsie Fogarty (Canoe/Kayak) and Stephanie Moorhouse (Gymnastics) promoted
Olympism to some 1500 young athletes as well as sharing their Olympic journeys.
The Pierre de Coubertin International Youth Forum was held in Piestany, Slovakia in late
August, followed by a week of homestay in Austria. Harry Shaw (Pittwater House) and Jack
Newman (Maitland Grossman High) represented NSW, with Sarah Burston joining the
management team for this unique experience.
In 2015, Jindabyne Central School was linked with the Norwegian School at Gaudsal, prior to
the Youth Olympic Winter Games, held in Lillehammer from 12 – 21 February, 2016. Details of
Australia’s success in Lillehammer features later in this Report.
We are grateful for the financial support of the AOC and NSW Sport & Recreation for office
administration and the conduct of our core programs, which has enabled so much to be
achieved over the past year, particularly in the field of education. NSWOC again gifted
$50,000 to the Australian Olympic Foundation on the basis of receiving a quarterly cash grant
from the AOC. A special thank you to the AOC President, John Coates for his continuing
support and the AOC staff who so generously assist NSWOC on a daily basis.
Our Fundraising Committee, under the leadership of John Conde, is continuing their quest to
raise $2.2M for the Olympic Team Fund. The ‘One Year to Go’ Dinner held on Wednesday 5
August, 2016 was a great success, and the Rio 2016 Athlete Farewell dinner is scheduled for
Wednesday 18 May, 2016. Further fundraising initiatives are detailed later in this Report.
At the 2014 Annual General Meeting the Order of Merit was awarded to Mrs Lynn Parker
(Paddle NSW) and Matthew Dunn (NSW Swimming) for their outstanding voluntary
contribution to their respective sports, and the significant impact they have made at a ‘grass
roots’ level. As you know, our work in NSW relies heavily on the commitment of our member
sports. The organisation of exemplary programs across the state is a credit to your personal
dedication, along with the large number of volunteers who so cheerfully support your
respective organisations in the delivery of sport. Your dedicated efforts enable so many
athletes to realise their dreams.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 5|P A G E
It is with sadness that we acknowledge the passing of our Life Member, Arthur Tunstall on 11 February, 2016 at 93 years of age. Arthur spent more than five decades as a sport administrator for Boxing, including 30 years as the Secretary-General of the Australian Commonwealth Games Association. Despite his often outspoken comments, Arthur was loved and respected around the world. Along with his late wife Peggy, they formed a formidable team which shaped the future of sport in Australia. Arthur was in so many respects a great Australian pioneer. Many of us knew him personally as a lovable larrikin who bounced through life in true Australian style. His loyalty was without peer, and so many of us have benefited by having Arthur ‘in our corner’. We are indeed richer for his energy, generosity and commitment. Arthur inspired us all and will be definitely missed, but never forgotten. In conclusion I acknowledge the efforts of our Executive Director, James Edwards, and Event Manager, Sarah Burston, who have managed the Council’s activities with cheerful professionalism. In many respects they provide leadership for the other States, and in so doing, enhance the image of the NSWOC. My sincere thanks are also extended to the members of the NSWOC Executive, Doug Donoghue, Geoff Davidson, Shane Alvisio, Peter Hadfield, Peter Lozan, Betty Moore and Carolyn Toh, for their ongoing loyalty and valuable contribution to our work. As we approach the Olympic Games in Rio, the focus is unashamedly on our athletes and providing the best conditions we can manage to enable them to achieve success. May those athletes selected for Rio feel encouraged to be part of ‘one Team’, and take up the Rio Motto to “Live Your Passion”. Helen Brownlee OAM President NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 6|P A G E
LIFE MEMBERS & ORDER OF MERIT RECIPIENTS LIFE MEMBERS Sir Harold Alderson KCMG MBE KStJ (d) Sydney Grange AO OBE MVO (d) William Young OAM MBE (d) Doris Magee AM MBE (d) Phillip Coles AM Arthur Tunstall OBE John Coates AC John Devitt AM Norman May AM Clive Lee AM Dawn Fraser AO MBE Helen Brownlee OAM J. Doug Donoghue AM ORDER OF MERIT RECIPIENTS Lionel Cox OAM Bruce McHugh Keith Bowler OAM Ken Page Stuart Alldritt OAM Ralph Cashman OAM Dr Bill Webb OAM Betty Moore Bob Elphinston OAM Robert Adby Alex Fulcher OAM MBE David Morgan Williams Jim Bosnjak OAM Andrea Webster John Treloar AM Murray Rose AM Pam Tye AM Lionel Lee Robert Lawton Carol Purdy Leslie Neal OAM Jim Hull OAM Kevin McCann OAM Carolyn Toh Frances Crampton OAM Glenn Tasker Ken Brown AM FCPA William (Bill) Ronald OAM Mike Fletcher OAM Helen Mantellato Phil Neat Gareth McKeen Luke Borreggine Victor Kovalenko OAM John Conde AO Matthew Dunn OAM Charles Turner Lynn Parker 2015 EXECUTIVE DIRECTOR’S REVIEW NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 7|P A G E
The New South Wales Olympic Council’s (NSWOC) remit is built around fundraising for the
summer Olympic Team, Olympic education, advocacy for athletes and support for Olympians.
On all fronts the NSWOC was heavily engaged in 2015 as the momentum builds ahead of Rio
2016.
The NSWOC plays an ever increasing role in Australia’s Olympic Movement. In 2015 the
NSWOC collaborated with the Australian Olympic Committee (AOC) on many initiatives, with
the NSWOC assisting the delivery of the AOC’s Culture and Values event series preparing
NSW athletes ahead of Rio 2016.
The ‘One Year to Go’ Team Appeal Dinner was held at The Star on 5 August 2015. The dinner
attracted 700 guests including 70 Olympians. The NSW Team Appeal Committee, Chaired by
John Conde AO brought together many of Australia’s leading businesses in an outstanding
support of the Australian Olympic Team.
The night was themed around the Rio carnivalé with Rhythm Brazil and Todd McKenney
leading the entertainment. Event
partners The Star transformed their
event centre with six giant screens to
present the Olympic preview dinner in
dramatic style.
2016 Rio ‘One Year to Go’ Dinner The Premier of NSW the Hon Mike
Baird MP stated his enthusiasm for the
Olympic ideals in his encouragement of
the Team. The NSW Government has led by example in support our Olympic Team by
providing $500,000 to the Team Appeal.
The second of Sydney’s major corporate dinners is set for 18 May at The Star. The Athlete
Farewell Dinner will celebrate our Olympic Team a few months prior to the Games
commencing.
Over three quarters of Olympic athletes typically come from Australia’s regional areas. To
complement our major dinners in Sydney, the NSWOC stages events in New South Wales
regions and for the 2016 campaign we have focused on the Hunter, Illawarra and Western
Sydney regions.
The Hunter Team Appeal Committee, led by its Chairman Mike Rabbitt OAM staged the
Hunter Olympic Dinner on 5 March 2016 at Wests New Lambton. The Committee rose to the
challenge and delivered an outstanding dinner supported by over 300 guests from local
companies and sporting groups. We were privileged to hear Olympic great Herb Elliot AC
MBE interviewed by the great sports journalist Gerry Collins on Herb’s career and attitude to
life. Local athletes aspiring for Rio Will Ryan (Sailing), Benn Harradine (Discus) and Scott
Westcott (Marathon) provided their unique perspectives on their sacrifices and challenges on
their journey to the Rio Games.
To complete the Team Appeal events the NSWOC looks forward to working with the Carbine
Club of NSW, and Team Appeal Committees in Western Sydney and the Illawarra.
In Olympic education the NSWOC oversaw another outstanding take up of our Pierre de
Coubertin Award, which continually involves over 300 participating schools. The Pierre de
Coubertin Academy is a highlight of the year with many outstanding young Australians
participating.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 8|P A G E
The NSWOC was very pleased to assist the NSW Olympians Club once again in 2015. The highlight was the cocktail function on the 18th September, celebrating 15 year anniversary of Sydney 2000 and attended in good numbers by Olympians across many years and sports. The NSWOC was also pleased to be involved in the initiative by Olympic Swimmer Daniel Kowalski OAM to organise a float in the Sydney Mardi Gras, under the banner of #OneTeam. It was endorsed by the AOC and the Australian Paralympic Committee and supported by NSW based Olympians across all years. The NSWOC’s Athlete Grant for junior athletes has proved incredibly popular again. For the 2015/16 offer the NSWOC Executive increased the offer to five grants of $1,500, gratefully distributed through NSW sports. Over 400 + junior athletes applied, demonstrating the hunger for funding amongst junior sporting families. Congratulations to Helen Brownlee OAM, President NSWOC and Vice President AOC who in May 2015 was recognised by the International Olympic Committee (IOC) with the Olympic Order for her contribution to world sport and her dedication in upholding the Olympic ideals. In November 2015 Helen was inducted into the Sport Australia Hall of Fame as a General Member for her services as a sports administrator within the sport of Canoeing and within the Olympic Movement. Helen has been a pioneer for women in sport and is the first female Vice President of the AOC. Helen has also devoted much of her life to Canoeing, firstly as a competitor and then an international administrator covering no fewer than six Olympic Games. On both fronts, these awards are befitting a life dedicated to sport. My sincere thanks to Olympians in NSW, our Sports, Helen Brownlee and the NSW Executive and Appeal Committees who volunteer their time and effort to prepare our 2916 Team and build the Olympic Movement. A special thanks to our Event Manager, Sarah Burston who is driving the NSWOC’s programs to new levels, for the betterment of all athletes. I look forward to sharing with all Sports and Committees that comprise the NSWOC the road ahead to Rio and in support of our athletes. James Edwards Executive Director NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 9|P A G E
LILLEHAMMER 2016 WINTER YOUTH OLYMPIC GAMES
Australia’s 17 athletes made history at the second Winter Youth Olympic Games, winning a
total of four individual medals and one team medal to become Australia’s most successful
Winter Olympic Team on record.
The Aussies pulled off a total of 11 top ten performances in what Australian Chef de Mission
Ian Chesterman classed as “an outstanding result from the next generation of Australia winter
sport athletes.”
Of the 17 athletes selected, eight were from NSW meaning that nearly half of the Australian
team were NSW athletes. Of the 5 medals won, 3 were won by athletes from NSW.
2016 YOUTH OLYMPIANS FROM NSW
NAME SPORT MEDAL
Emily Arthur Snowboard Halfpipe Silver Medallist
Lillian Boland Cross Country Skiing
Liam Burton Cross Country Skiing
Alex Dickson Snowboard Cross Silver Medallist
Mahalah Mullins Snowboard Slopestyle
Zali Offord Ski Cross Silver Medallist
Beth Slade Luge
Cameron Waddell Ski Halfpipe
2016 Australian Youth Winter Olympic Team
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 10 | P A G EOLYMPIC EDUCATION
2015 PIERRE DE COUBERTIN AWARDS
The Pierre de Coubertin Award is granted by the AOC to senior students who are nominated
by their school for displaying excellence in sport and importantly, demonstrating values that
reflect the Olympic Movement. In 2015, New South Wales had a total of 306 Award recipients
for the Pierre de Coubertin Awards this was an increase of 64 from 2014.
For the second year the Awards were delivered online via the AOC’s Olympic Education
website. The online format elicited a positive response from participating schools and is
allowing the AOC to have more frequent communication regarding the Olympic Education.
This year the Olympic Academy was held at the New South Wales Institute of Sport (NSWIS)
followed by the State Presentations at the Hall of Legends in the State Sports Centre, Sydney
Olympic Park on Friday, 19 June 2015.
In 2015 NSWIS Senior Personal Excellence Advisor, Gina Rees conducted a workshop with
the students on goal setting. It was wonderful to work together with NSWIS to provide students
with practical resources that will assist them setting, pursuing and achieving their goals.
An outstanding group of Australian Olympians joined the Academy including, Winter Olympian
Scott Kneller (Vancouver 2010, Sochi 2014 – Ski Cross) and Youth Ambassador for the 2016
Winter Youth Olympic Games, Stephanie Magiros (Sochi 2014 – Snowboard) and Youcef Abdi
(Beijing 2008, London 2012 – Athletics). Our Olympians shared their unique Olympic
Journey’s with students.
In the afternoon parents and teachers gathered at the Hall of Legends where students were
recognised at the State Award Ceremony. Having spent a full day with the 2015 cohort, the
NSW Olympic Council was very impressed by the exceptionally high calibre of students who
were nominated for this Award.
The State Presentation was attended by special guest Kitty Chiller, Chef de Mission of the
2016 Australian Olympic Team, who presented each student with their Award and addressed
the students, parents and teachers about her Olympic journey and ‘the Road to Rio’.
2015 Pierre de Coubertin Academy & State Presentation Day attendees
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 11 | P A G ERIO 2016 AUSTRALIAN OLYMPIC TEAM APPEAL (NSW)
Together with the generous support of $500,000 from the Premier of New South Wales,
$600,000 from the ‘One Year to Go’ Dinner and $60,000 from the Hunter Olympic Dinner the
New South Wales Olympic Council have now raised over $1.1 million of our targeted $2.2
million for the 2016 Team in NSW. These funds go directly to prepare and send the Australian
Olympic Team to Rio 2016.
RIO 2016 ‘ONE YEAR TO GO’ DINNER
The ‘One Year to Go’ Team Appeal Dinner was held on 5 August at The Star. The event was
a great success attracting 700 guests, including 70 Olympians and raising critical funds for the
2016 Australian Olympic Team.
Hosted by Chairman John Conde AO and John
Coates AC, President of the Australian Olympic
Committee, the Australian Olympic Team Appeal
Dinner raised over $600,000 for the 2016 Team
Appeal.
Attendees on the night included; the Governor of
New South Wales General David Hurley, the Hon.
Dual Olympian, Sally Pearson at ‘One Year to
Go’ Dinner Mike Baird MP Premier of New South Wales, Mr
Rubem Correa Barbosa Brazilian Ambassador to
Australia, John Wylie Chairman of the Australian Sports Commission, Kitty Chiller 2016
Australian Olympic Team Chef de Mission and Chairman John Conde AO. Past and present
Olympians were also present.
RIO 2016 HUNTER OLYMPIC DINNER
Whilst not in the reporting year, The Hunter Team Appeal Committee lead by Mike Rabbitt
OAM hosted the Hunter Olympic Dinner on 5 March 2016 at West’s, New Lambton.
The Dinner raised over $60,000 for the 2016 Team Appeal. These funds go directing to
prepare and send the Australian Olympic Team to Rio 2016. This is a great result and re-
affirmed the strong corporate and community support for the Australian Olympic Team in the
Hunter.
The Honourable Stuart Ayres MP Minister of Sport attended the night and was joined with,
Counsillor Nuatali Nelmes Lord Mayor of Newcastle,
Mike Rabbitt OAM Chairman of the Australian
Olympic Team Committee, Helen Brownlee OAM Vice
President AOC, Fiona de Jong Chief Executive Officer
AOC. Olympians present on the night included
Ramone Cooper, Deputy Chair of AOC’s Athletes
Commission (Vancouver 2010), Herb Elliott AC MBE
(Rome 1960, Gold Medallist, Athletics), Benn
Harradine (Beijing 2008, London 2012, Rio 2016,
Athletics), Will Ryan (Rio 2016, Sailing) and Scott Dual Olympian, Benn Harradine, Acknowledgment of
Westcott (Prospective Rio 2016) Country
2015 NSWOC ATHLETE GRANT
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 12 | P A G EIn 2015 the NSWOC increased the grant distribution amount from $1,000 to $1,500 per
recipient and awarded 5 grants to ‘up and coming’ junior NSW athletes. The athlete grant
program will continue to run 2016.
This year, the grant had an astonishing number of nominations with a total 190 from a range of
athletes competing in Olympic Sports. This was an increase of 70 applications from 2014
Recipients for 2015 were; fencer Matthew Dall’Asen (16) from Wahroonga, water polo player
Kiara Holden (16) from Engadine, sailor Kurt Hansen (18) from Davistown, triathlete Lorcan
Redmond (15) from Mayfield and hammer thrower Alexandra Hulley (18) from Rouse Hill who
was a silver medallist at the 2014 Youth Olympic Games in Nanjing.
The focus of the Program is to provide increased opportunities and assist with the funding for
the development of young ‘up and coming’ NSW athletes. The program was created to reach
athletes outside of the NSWIS scholarship program and those that are not already receiving
significant support from their State and National Sporting Bodies.
2015 Athlete Grant Recipient Alexandra Hulley (18)
Nanjing Silver Medallist, Hammer Throw
2015 Athlete Grant Recipient Lorcan Redmond (15)
Triathlete
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 13 | P A G EOLYMPIANS CLUB OF NSW: PRESIDENT’S REVIEW 2015 saw a continuation of the focus on events relevant to our members based on feedback received from NSW Olympians. Our major event for the year was a celebration of the 15th Anniversary of the Sydney Olympic Games for Olympians and their partners at North Bond Surf Club, the home of Beach Volleyball in 2000. Many thanks to IOC Member Phil Coles, Life Member of the Bondi Surf Club for his generous hospitality and to all Olympians who supported the event. Olympians Club Committee Member Amy Hetzel (Beijing 2008, Bronze Medallist, Water Polo) interviewed Sydney Gold medallists Chris Fydler OAM (Barcelona 1992, Atlanta 1996, Sydney 2000, Gold Medallist, Swimming) and Kerri Pottharst OAM (Atlanta 1996, Bronze Medallist, Sydney 2000, Gold Medallist, Athens 2004, Beach Volleyball) and Taryn Woods OAM (Sydney 2000, Gold Medallist, Swimming) was the lucky winner of the raffle, a portrait sitting with artist Charles Billich. 2016 will be a busy year for the Olympians Club leading into the Rio Games. We will conduct a pre Rio event at a Brazilian restaurant in June to wish our 2016 Olympic Team well. This event will particularly provide the opportunity for our 1956, 1976, 1996 and 2006 Summer and Winter Olympic team members to get together to reminisce over old times. We will also work in conjunction with the AOC to welcome back our Olympians after the 2016 Games. Thank you to our Olympians Club Ambassadors who have been instrumental in increasing the numbers of Olympians attending our events. I would also like to thank the Olympians Club Executive Members for their significant contribution to the success of the Club and the events conducted this year. Finally, sincere thanks to the AOC and the NSW Olympic Council for their ongoing support of the Olympians Club, particularly Meg Sissian, Sarah Burston and James Edwards. I look forward to meeting as many Olympians as possible at our events over the next year. Peter Hadfield OAM President Olympians Club NSW NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 14 | P A G E
AUSTRALIAN OLYMPIC TEAM PARTNERS AND SUPPLIERS NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 15 | P A G E
NSWOC MEMBER ORGANISATIONS
Affiliated Sports
ARCHERY EQUESTRIAN
Archery Society of NSW The Equestrian Fed. of Aust (NSW)
PO Box 563 Inc
MOSMAN NSW 2088 PO Box 7077
www.archerynsw.com WETHERILL PARK BC NSW 2164
www.nsw.equestrian.org.au
ATHLETICS
Athletics NSW FENCING
PO Box 595 NSW Fencing Assoc Inc
SYDNEY MARKETS NSW 2129 GPO Box 1654
www.nswathletics.org.au SYDNEY NSW 2001
www.nswfencing.org.au
BADMINTON
NSW Badminton Association GOLF
PO Box 717 NSW Golf Association
WILLOUGHBY NSW 2068 PO Box 195
www.badmintonnsw.org.au ARNCLIFFE NSW 2205
www.nswga.com.au
BASKETBALL
Basketball NSW GYMNASTICS
PO Box 198 NSW Gymnastics Assoc Inc
SYDNEY MARKETS NSW 2129 PO Box 190
www.nswbasketball.net.au NORTH STRATHFIELD NSW 2137
www.gymnsw.org.au
BOXING
Boxing Australia (NSW) HANDBALL
Incorporated NSW Handball Assoc Inc
PO Box 4288 PO Box 6471
LONDONDERRY NSW 2753 SILVERWATER NSW 1181
http://boxingnsw.org.au/ www.nswhandball.com.au
CANOE / KAYAK HOCKEY
Paddle NSW Hockey NSW Inc
PO Box 6971 PO Box 440
SILVERWATER NSW 2128 SYDNEY MARKETS NSW 2129
www.paddlensw.org.au www.hockeynsw.com.au
CYCLING
ICE HOCKEY
NSW Cycling Federation
NSW Ice Hockey Association
PO Box 7209
PO Box 3266
BASS HILL NSW 2197
NORTH STRATHFIELD NSW 2137
www.nsw.cycling.org.au
www.nswicehockey.com.au
DIVING
ICE SKATING
Diving NSW
NSW Ice Skating Assoc
7 Clarence Street PO Box 3266
TENAMBIT NSW 2323 NORTH STRATHFIELD NSW 2127
www.divingnsw.org.au www.nswisa.com
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 16 | P A G EICE SPEED SKATING SWIMMING
Ice Speed Skating Association of Swimming NSW Ltd
NSW PO Box 571
PO Box 443 SYDNEY MARKETS NSW 2129
ROSE BAY NSW 2029 www.nswswimming.com.au
www.iceracingnsw.org.au
TABLE TENNIS
JUDO NSW Table Tennis Assoc Ltd
Judo Federation of Aust (NSW) PO Box 6952
PO Box 6441 SILVERWATER NSW 2128
SILVERWATER NSW 2128 www.ttnsw.org.au
www.judonsw.com.au
TENNIS
MODERN PENTATHLON Tennis NSW
The Modern Pentathlon Assoc NSW PO Box 6204
PO Box 3010 SILVERWATER NSW 1811
SOUTH YARRA VIC 3141 www.tennisnsw.com.au
www.pentathlon.org.au
TRIATHLON
ROWING Triathlon NSW
NSW Rowing Assoc Inc PO Box 13
PO Box 265 ALEXANDRIA NSW 1435
CONCORD WEST NSW 2138 www.trinsw.org.au
www.rowingnsw.asn.au
VOLLEYBALL
RUGBY UNION State Volleyball NSW Inc
NSW RUGBY UNION PO Box 6327
Locked Bag 1222 SILVERWATER NSW 2128
PADDINGTON NSW 2021 www.nswvolleyball.com
www.nswrugby.com.au
WEIGHTLIFTING
SAILING NSW Weightlifting Assoc
Yachting NSW PO Box 90
PO Box 684 CONCORD NSW 2137
DOUBLE BAY NSW 1360 www.nswweightlifting.com.au
www.nsw.yachting.org.au
WRESTLING
SHOOTING NSW Wrestling Assoc Ltd
NSW Shooting Assoc PO Box 188
PO Box 393 PLUMPTON NSW 2761
TERREY HILLS NSW 2084 www.nsw.wrestling.com.au
www.nswshooting.com.au
SNOW SPORTS
NSW Snow Sports Ltd.
PO Box 934
JINDABYNE NSW 2627
www.nswsnowsports.com.au
Recognised Sports
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 17 | P A G EBASEBALL SOFTBALL
NSW Baseball League NSW Softball Assoc Inc
PO Box 63 PO Box 210
MT DRUITT NSW 2770 ROOTY HILL NSW 2766
www.nsw.baseball.com.au www.softball.net.au
DANCESPORT SQUASH
Dancesport NSW NSW Squash Ltd
PO Box 7771 6 Duffey Ave
BALUKHAM HILLS NSW 2153 THORNLEIGH NSW 2120
www.dancesportnsw.org.au
www.nswsquash.com.au
NETBALL
TENPIN BOWLING
NSW Netball Association
PO Box 396 Tenpin Bowling Association of NSW
LIDCOMBE NSW 1825 Inc
26 Shackel Ave
CLOVELLY NSW 2031
ORIENTEERING
www.tenpin.org.au/NSW
Orienteering Association of NSW
PO Box 3295 UNDERWATER SPORTS
NORTH STRATHFIELD NSW
2137 Australian Underwater Federation
www.nsw.orienteering.asn.au NSW
C/- PO Box 195
SKATE / ROLLERSPORTS MENAI CENTRAL NSW 2234
Skate NSW www.auf.com.au
PO Box 122
CRANEBROOK NSW 2749 WATERSKI
NSW Waterski Associaton
PO Box 427
SYDNEY MARKETS NSW 2129
www.waterskinsw.com.au
NSWOC STATEMENT OF ACCOUNTS
STATEMENT OF COMPREHENSIVE INCOME
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 18 | P A G EFOR THE YEAR ENDED 31 DECEMBER 2015
NOTE 2015 2014
$ $
REVENUE 4(a) 237,353 214,955
EXPENSES 4(b) 209,903 186,163
SURPLUS BEFORE INCOME TAX 27,450 28,792
INCOME TAX EXPENSE - -
NET SURPLUS FOR THE YEAR 27,450 28,792
OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
27,450 28,792
YEAR
The statement of comprehensive income should be read in conjunction with the
accompanying notes.
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2015
NOTE 2015 2014
$ $
CURRENT ASSETS
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 19 | P A G ETrade and other receivables 5 365,589 338,309
Prepayments 6 2,486 2,510
TOTAL CURRENT ASSETS 368,075 340,819
NON-CURRENT ASSETS
Property, plant and equipment 7 - -
TOTAL NON-CURRENT ASSETS - -
TOTAL ASSETS 368,075 340,819
CURRENT LIABILITIES
Trade and other payables 8 - 194
TOTAL CURRENT LIABILITIES - 194
TOTAL LIABILITIES - 194
NET ASSETS 368,075 340,625
EQUITY
Accumulated funds 368,075 340,625
TOTAL EQUITY 368,075 340,625
The statement of financial position should be read in conjunction with the
accompanying notes.
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2015
NOTE 2015 2014
$ $
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 20 | P A G ECASH FLOWS FROM OPERATING ACTIVITIES
NET CASH FLOWS USED IN OPERATING ACTIVITIES 9 - -
FINANCING ACTIVITIES
NET CASH FLOWS USED IN INVESTING ACTIVITIES 9 - -
NET INCREASE IN CASH AND CASH EQUIVALENTS - -
CASH AND CASH EQUIVALENTS AT BEGINNING OF
YEAR - -
CASH AND CASH EQUIVALENTS AT END OF YEAR 2(g) - -
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2015
NOTE 2015 2014
$ $
TOTAL EQUITY AT THE BEGINNING OF THE YEAR 340,625 311,833
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 21 | P A G ESURPLUS FOR THE YEAR 4 27,450 28,792
OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 27,450 28,792
TOTAL EQUITY AT THE END OF THE YEAR 368,075 340,625
The statement of changes in equity should be read in conjunction with the accompanying notes.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
(1) CORPORATE INFORMATION
The financial report of the New South Wales Olympic Council Inc. (‘NSWOC’ or
‘Council’) for the year ended 31 December 2015 was authorised for issue in
accordance with a resolution of the Executive on 3 March 2016.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 22 | P A G EThe NSWOC is an Association incorporated under the Associations Incorporation Act,
2009 of New South Wales and is domiciled in New South Wales. The principal place of
business is Suite 402, Level 4, 140 George Street, Sydney, NSW, 2000.
The nature of the operations and principal activities of the Council are that it acts to
develop and protect the Olympic movement in the state of New South Wales in
accordance with the Olympic Charter and the Constitution of the Australian Olympic
Committee Inc. The NSWOC assists the AOC in raising funds for Australian athletes to
prepare for and participate in Olympic Games; liaise with State Government,
Departments and Institutes of Sports; assist the Olympians Clubs by providing
administrative and personnel support; liaise with education authorities concerning the
Olympic Movement, provide Olympic educational material when required and
promote Olympism within the framework of sports.
(2) STATEMENT OF SIGNIFICANT ACCOUNTING POLICIES
The significant policies which have been adopted in the preparation of these financial
statements are:
(a) Basis of preparation
This special purpose financial report has been prepared for distribution to the
members of the Council to fulfil the Executive’s financial reporting requirements
under the Associations Incorporation Act 2009 of New South Wales and the
Council’s constitution. The accounting policies used in the preparation of this
financial report, as described below, are consistent with the financial reporting
requirements of the Associations Incorporation Act 2009 of New South Wales
and the Council’s constitution, and are, in the opinion of the Executive,
appropriate to meet the needs of members:
(i) The financial report has been prepared on an accrual basis of accounting
including the historical cost convention and the going concern
assumption.
(ii) The Council is not a reporting entity because in the opinion of the
Executive there are unlikely to exist users of the financial report who are
unable to command the preparation of reports tailored so as to satisfy
specifically all of their information needs.
The members neither hold equity in, nor are financial lenders to, the
Council and their membership is pursuant to the Olympic Charter as well
as the Constitution.
Accordingly, the financial report has been prepared in accordance with
the Associations Incorporation Act 2009 of New South Wales and the
Council’s constitution, the basis of accounting specified by all Accounting
Standards and Interpretations and the disclosure requirements of AASB
101 ‘Presentation of Financial Statements’, AASB 107 ‘Cash Flow
Statements’, AASB 108 ‘Accounting Policies, Changes in Accounting
Estimates and Errors’, AASB 1031 ‘Materiality’ and AASB 1048
‘Interpretation and Application of Standards’ which apply to all entities
required to prepare financial reports under the Associations Incorporation
Act 2009 of the New South Wales.
NOTES TO THE FINANCIAL STATEMENTS
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 23 | P A G EFOR THE YEAR ENDED 31 DECEMBER 2015
(a) Basis of preparation con’t
The Executive has determined that in order for the financial report to give
a true and fair view of the Council’s performance, cash flows and financial
position, the requirements of Australian Accounting Standards and other
financial reporting requirements in Australia relating to the measurement
of assets, liabilities, revenues, expenses and equity should be complied
with.
(iii) The financial report is prepared in Australian dollars.
(b) Statement of compliance
Certain Australian Accounting Standards and Interpretations have recently been
issued or amended but are not yet effective and have not been adopted by the
council for the annual reporting period ended 31 December 2015. The Executive
has not early adopted any of these new or amended standards or
interpretations. The Executive has not yet fully assessed the impact of these
new or amended standards (to the extent relevant to the Council) and
interpretations.
This special purpose financial report complies with Australian Accounting
Standards as described above.
(c) Income and expenditure recognition
Income, with the exception of fundraising, has been brought to account on an
accrual basis and if not received at balance date is reflected in the statement of
financial position as a receivable. Income received at balance date that is in
relation to future years is brought to account as unearned income. Expenses
have been brought to account as incurred and any expenses incurred but not
paid for at balance date are reflected in the Statement of Financial Position as
creditors.
(d) Government grants
Government grants are recognised at their fair value where there is a reasonable
assurance that the grant will be received and all attaching conditions have been
complied with.
(e) Fundraising
The NSWOC undertakes fundraising on behalf of the Australian Olympic
Committee Inc (‘AOC’) and, as a result, all net fundraising revenue
realised by the NSWOC is recorded directly in the financial statements of
the AOC.
At 31 December 2015, the NSWOC had realised $1,153,620 for the 2013 –
2016 Olympic Team Appeal (2014: realised $642,614)
Net fundraising revenue is proceeds of fundraising less direct costs
associated with fundraising.
(f) Income Tax
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 24 | P A G EThe NSWOC is exempt from Australian income tax. NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 25 | P A G E
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
(g) Cash and cash equivalents
The NSWOC undertakes fundraising on behalf of the Australian Olympic
Committee Inc. (‘AOC’) and, as a result all of the funds realised by the NSWOC
are recorded directly in the financial statements of the AOC. At 31 December
2015 the NSWOC had no bank account and for administrative purposes all cash
transactions are processed by the AOC and the net cash position is reflected in a
net receivable account at year end (refer Note 5).
(h) Trade and other receivables
Trade receivables, which generally have 30 – 90 day terms, are recognised and
carried at original invoice amount less an allowance for any uncollectable
amounts.
An estimate for doubtful debts is made when collection of the full amount is no
longer probable. Bad debts are written off when identified.
(i) Plant and equipment
Acquisition
Items of plant and equipment are recorded at cost or, in the case of donations
and sponsorship contributions in kind, at fair value at the time of donation or
contribution, less accumulated depreciation and any impairment in value.
Depreciation and amortisation
Items of plant and equipment are depreciated on a straight line method over
their estimated useful lives ranging from 3 to 5 years from the date of
acquisition.
Impairment
The carrying values of plant and equipment are reviewed for impairment when
events or changes in circumstances indicate the carrying value may not be
recoverable.
If any such indication exists and where the carrying values exceed the estimated
recoverable amount, the assets are written down to their recoverable amount.
The recoverable amount of plant and equipment is the greater of fair value less
costs to sell and value in use. Value in use is the depreciated replacement cost
of an asset when the future economic benefits of the asset are not primarily
dependent on the asset’s ability to generate net cash inflows and where the
NSWOC would, if deprived of the asset, replace its remaining future economic
benefits.
Impairment losses would be recognised in the Statement of Comprehensive
Income.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 26 | P A G E(j) Trade and other payables
Expenditure is brought to account on an accruals basis. Any expenses incurred
but not paid for at balance date are recorded as payables on the Statement of
Financial Position.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
(k) Interest
‘Interest paid’ and ‘Interest received’ are not classified in the Statement of Cash
flows as NSWOC has no bank account. Interest recorded and applied in the
Statement of Comprehensive income has been received by the NSWOC, based
on deposits held by the AOC on behalf of the NSWOC. Interest is recorded when
received and used in the general operations of the NSWOC.
(l) Employee benefits and expenses
(i) Wages, salaries, annual leave and long service leave
Expenses for wages and salaries, including non-monetary benefits, annual
leave and long service leave, are recognised when the wages are paid or
payable, benefits are received or leave is accrued and are measured at the
rates paid or payable.
(ii) Superannuation
The Council contributes to the AOC group employee superannuation
scheme as well as any authorised employee superannuation scheme
chosen under Superannuation Legislation Amendment (Choice of
Superannuation Funds). Contributions on behalf of employees are based
on various percentages of gross salaries and are charged against the
statement of comprehensive income when due. All employees in the
group employee superannuation scheme are entitled to benefits on
retirement or permanent disability. Benefits are payable to nominated
beneficiaries on death.
(3) SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS
In applying the accounting policies the NSWOC evaluates judgements, estimates and
assumptions based on experience and other factors, including expectations of future
events. All judgements, estimates and assumptions made are believed to be
reasonable based on the most current set of circumstances available to the NSWOC.
Actual results may differ from the judgements, estimates and assumptions.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 27 | P A G ENOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
2015 2014
$ $
(4) REVENUES AND EXPENSES
(a) Revenue
NSW Government General
Operations Grant 45,000 45,000
AOC Administration Grant 140,000 120,000
AOC Special Grant 40,320 39,900
Interest Income 2,469 3,513
Affiliation Fees 2,773 3,136
AOC Grant PDC 1,800 3,370
Miscellaneous Income 4,991 36
TOTAL REVENUES 237,353 214,955
(b) Expenses
Salaries and wages 117,673 105,818
Office expenses 5,485 4,880
Office equipment expense 378 1,428
Functions, meetings and
11,341 12,841
travel
Memorabilia 1,595 -
Pierre de Coubertin Awards 7,879 5,005
Olympians Club 8,052 1,191
Gift to Australian Olympic
- 50,000
Foundation
Gift to Australian Olympic
50,000 -
Team Fund
Athlete Grants 7,500 5,000
TOTAL EXPENSES 209,903 186,163
NET SURPLUS 27,450 28,792
The Australian Olympic Committee has undertaken to provide the NSWOC with an
annual grant (remitted quarterly) which will be based on an independently determined
rate of return that exceeds the rate of inflation by the average bond yield over rolling
four year periods.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 28 | P A G ENOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
2015 2014
$ $
(5) TRADE AND OTHER RECEIVABLES
Debtors 45,531 364
Accrued Interest - 157
Due from Australian Olympic Committee
Inc 320,058 337,788
365,589 338,309
(6) PREPAYMENTS
Prepayments 2,486 2,510
2,486 2,510
(7) PROPERTY, PLANT AND EQUIPMENT
Plant and equipment
At cost 5,575 5,575
Provision for depreciation (5,575) (5,575)
- -
(8) TRADE AND OTHER PAYABLES
Sundry creditors - 194
- 194
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 29 | P A G ENOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
2015 2014
$ $
(9) STATEMENT OF CASH FLOWS RECONCILIATION
Net Surplus 27,450 28,792
Depreciation - -
Changes in assets and liabilities:
Decrease / (Increase) in receivables and prepayments (27,256) (28,723)
(Decrease) in liabilities (194) (69)
NET CASH FLOWS (USED IN) / FROM OPERATING
- -
ACTIVITIES
(10) SEGMENT INFORMATION
The NSWOC acts to develop and protect the Olympic movement in the state of New
South Wales in accordance with the Olympic Charter and the Constitution of the
Australian Olympic Committee Inc. and to actively promote the fundamental principles
of Olympism within the framework of sports. The NSWOC operates wholly within New
South Wales.
(11) RELATED PARTY DISCLOSURES
The members of the Executive during the financial year were:
Helen M Brownlee OAM President
J Doug Donoghue AM Vice President
Geoff Davidson Vice President
Shane Alvisio Executive
Peter Hadfield OAM Executive
Peter Lozan Executive
Carolyn Toh Executive
Betty Moore Executive
James Edwards is the Executive Director
The NSWOC is provided with the use of office premises and facilities at no charge from
the Australian Olympic Committee Inc.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 30 | P A G ENOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
(12) KEY MANAGEMENT PERSONNEL
Compensation of Key Management Personnel for NSWOC activities related to the
following categories only:
2015 2014
$ $
Short-term employee benefits 41,096 41,143
Post-employment benefits 3,904 3,857
45,000 45,000
Apart from the Executive Director, Members of the Executive serve on an honorary
basis for no remuneration.
(13) AUDITOR’S REMUNERATION
Costs for the audit of the NSWOC are borne by the Australian Olympic Committee Inc.
(14) GOING CONCERN
The financial statements have been prepared on a going concern basis.
The Council’s ability to continue as a going concern is dependent on receiving ongoing
support from the Australian Olympic Committee Inc. and government grants. The
Executive has prepared a forecast for the 2016 year which indicates the Council will be
able to meet their financial obligations as and when they fall due.
On that basis the Executive believe it is appropriate to adopt the going concern basis in
the preparation of these financial statements.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 31 | P A G ESTATEMENT BY THE EXECUTIVE
FOR THE YEAR ENDED 31 DECEMBER 2015
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a. the financial statements and notes of the Council as set out on pages 1 to 12 are
drawn up so as to give a true and fair view of the Council’s financial position for the
year ended 31 December 2015 and of their performance for the year ended on that
date; and
b. the financial statements and notes have been prepared in accordance with the basis
of accounting described in Note 2; and
c. there are reasonable grounds to believe that the Council will be able to pay its debts
as and when they become due and payable.
This statement is made out in accordance with a resolution of the Executive.
Signed on behalf of the Executive at Sydney this 3 March 2016.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 32 | P A G EINDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF THE NEW SOUTH WALES OLYMPIC
COUNCIL INC.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 33 | P A G EINDEPENDENT AUDITOR’S REPORT
TO THE MEMBERS OF THE NEW SOUTH WALES
OLYMPIC COUNCIL INC.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 34 | P A G EAUDITOR’S DISCLAIMER REPORT
TO THE MEMBERS OF THE NEW SOUTH WALES
OLYMPIC COUNCIL INC.
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 35 | P A G ESTATEMENT OF FUNDRAISING FINANCIAL
PERFORMANCE
FOR THE YEAR ENDED 31 DECEMBER 2015
2015 2014
$ $
Net Accumulated Surplus of fundraising 642,614 33,076
INCOME
NSW Government Donation to Team - 500,000
Interest on funds 7,373 5,253
Hunter Regional Committee 4,955 -
One Year to Go Dinner 800,150 151,819
NSWOC Donation to Team Appeal 50,000 -
Other Donations - -
862,478 657,072
EXPENDITURE
2015 One Year to Go Dinner 312,447 43,862
Athlete Farewell Dinner 28,471 -
Hunter Regional Committee 943 -
General Fundraising 9,611 3,672
351,472 47,534
Net Surplus carried for the year 511,006 609,538
Net Fundraising Surplus Quadrennium to date 1,153,620 642,614
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT 36 | P A G ELevel 4,of
Museum 140 George Street
Contemporary Art
SYDNEY NSW 2000
T: 02 9247 2000
NEW SOUTH WALES OLYMPIC COUNCIL 2015 ANNUAL REPORT E: nswoc@olympics.com.au 36 | P A G EYou can also read
