2011 annual report -...

2011 ANNUAL REPORT

NEW SOUTH WALES OLYMPIC COUNCIL

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Contents

The New South Wales Olympic Council is pleased to present the 2011 Annual Report on the occasion of the

Annual General Meeting, Monday 19th

March, 2012 at the Ian Thorpe Theatrette at NSWIS, Sydney Olympic

Park.

2011 President’s Review 3

Members of the Executive 5

Life Members & Order of Merit Award Recipients 6

2011 Executive Director’s Review 7

Olympic Education 9

Olympians Club of NSW: President’s Review 11

Australian Olympic Team Partners & Suppliers 2009-2012 12

NSWOC Membership Organisations 13

NSWOC 2011 Statement of Accounts 16

CONTACT:

New South Wales Olympic Council

Level 3, 1 Atchison Street

PO Box 312

ST LEONARDS NSW 2065

Tel. 02 8436 2100

Fax. 02 8436 2197

www.olympics.com.au/nsw

ABN 69 861 556 748

All sport photos courtesy GETTY IMAGES


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2011 President’s Review

The last twelve months has seen a consolidation of planning in order to reach our fundraising target of $1.8 m for the quadrennium culminating with the 2012 Olympic Games. We are indeed fortunate to have a very solid Fundraising Committee, under the Chairmanship of John Conde AO, as well as regional committees established in the Illawarra and Hunter areas under the leadership of Gareth McKeen and Kelly Lofberg respectively. On 27 July, 2011, the “One Year to Go” Dinner was an outstanding success raising over $530,000. Some 700 patrons and 70 Olympians enjoyed a British themed evening which inspired a positive “vibe” for the 2012 Olympic Games. That morning, a number of NSW based Olympians joined BK (the Boxing Kangaroo) and two British Beefeaters on board a red London double decked bus at Circular Quay. The next major Sydney dinner will be held on 16 May, 2012 as a “Farewell to the Athletes” before their departure for London. In order to boost the London team appeal, your Executive made the decision to donate another $50,000, making our total contribution $100,000 for the quadrennial Olympic period. These funds were derived from distributions from our investments, and were welcomed by the AOC in these difficult financial times. In the lead up to the 2011 Dinner, NSWOC supported the British Consulate in hosting a “500 Days to Go” event at the Consul-General’s Sydney residence. This occasion afforded the opportunity for the Consul-General, Mr Richard Morris to welcome the new British High Commissioner to Australia, His Excellency, Mr Paul Madden, and to update the numerous British business leaders in attendance on progress towards the London 2012 Olympic Games. Early in the year, we experienced a very special “feel good” moment when we organised the dedication of a new “updated” plaque for the Barrenjoey Fountain in Victoria Park, Broadway to recognise all crew members from Australia’s first sailing Olympic gold medal (Tokyo, 1964). Previously, only the Skipper, Bill Northam, was named on the plaque. Special guest Dick Sargeant, and his family, as well as the families of Bill Northam and Peter “Pod” O’Donnell attended along with friends from the sailing fraternity. Our thanks are extended to the Lord Mayor, Clover Moore, and the City of Sydney Council for working with us to achieve such a positive and welcomed result. Another special moment occurred when the National Centre of Indigenous Excellence (NCIE), Redfern, was awarded the IOC Trophy for “Sport and Social Responsibility”. This Centre offers a range of excellent facilities, and provides outstanding programs for young indigenous people across Australia, as well as the local community. At the 2011 Annual General Meeting, the NSWOC Order of Merit was presented to Luke Borreggine from the sport of Weightlifting, and Jim Hull, Chairman, Ryde Sports Foundation for their contribution to the development of sport in their respective areas. On the education front, the Pierre de Coubertin Award continues to attract large numbers of nominations, and two 2010 recipients – Dylan Turner and Marlee Barber - were selected to attend the International Youth Forum in Beijing during August, as part of the Australian contingent. We also took part in sessions of “Talk to a Champ” in Orange and Tamworth where Olympians interacted with students from a number of schools. Just recently, we were delighted to see two young women from the NSW Central Coast achieve medal-winning performances in the inaugural Winter Youth Olympic Games, held in Innsbruck, Austria from 13 – 24 January, 2012. Snowboarder Alex Fitch and ice hockey player Sharnita Crompton both won bronze medals in their respective events. Alex also achieved a 4

th place in the halfpipe event, and proudly carried the Australian flag in

the Closing Ceremony. The financial support of the AOC and NSW Sport and Recreation is gratefully acknowledged. We are indeed privileged to work closely with staff in the AOC, on a day to day basis, and their assistance and cooperation on numerous projects enables us to achieve a high work output with minimum staff. I would like to take this opportunity to extend my personal appreciation to the members of the NSWOC Executive. The ongoing commitment and contribution to Council from Doug Donoghue, Geoff Davidson, Shane Alvisio, Peter Hadfield, Robert Lawton, Peter Lozan and Linda McLaren has been invaluable. In addition, the


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work of the Executive Director, James Edwards, and our Executive Assistant, Georgie Exton is without peer, and has set a formidable benchmark for all other State Olympic Councils. We achieve so much, purely as a result of their expertise and dedication to supporting our athletes and efficiently implementing the programs and events which are scheduled throughout the year. Thank you! The commitment shown by our member sports continues unabated. It is a credit to your respective organisations, and the wonderful volunteers who assist you, that your athletes are provided with outstanding opportunities to excel and inspire us all. With only 4 months to go (indeed just 129 days) from our AGM until the Australian Team of some 400 athletes march into the London 2012 Opening Ceremony, excitement is building amongst our sports. Some athletes have already been selected, but for others the “crunch time“ is yet to come with qualification events scheduled over the next two months. For the athletes, Olympic representation is the pinnacle of their sporting life, and indeed the realisation of their dreams. We wish them every success as they take on the world in London!

Helen Brownlee OAM

President


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Members of the Executive

President

Helen Brownlee OAM

Vice Presidents

J. Doug Donoghue AM

Geoff Davidson

Executive Board

Shane Alvisio

Peter Hadfield OAM

Robert J Lawton

Peter Lozan

Linda McLaren

Executive Director

James Edwards

Executive Assistant

Georgie Exton


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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

Order of Merit Award Recipients

Lionel Cox OAM

Keith Bowler OAM

Stuart Alldritt OAM

Dr Bill Webb OAM

Bob Elphinston OAM

Alex Fulcher OAM MBE

Jim Bosnjak OAM

John Treloar AM

Pam Tye AM

Robert Lawton

Leslie Neal OAM

Kevin McCann OAM

Frances Crampton OAM

Ken Brown AM FCPA

Mike Fletcher OAM

John Conde AO

Charles Turner

Bruce McHugh

Ken Page

Ralph Cashman OAM

Betty Moore

Robert Adby

David Morgan Williams

Andrea Webster

Murray Rose AM

Lionel Lee

Carol Purdy

Phil Neat

Luke Borreggine

Jim Hull


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2011 Executive Director’s Review

2011 has been a busy year in the lead up to the London 2012 Olympic Games. As we go to print our fundraising campaign is in full swing and all the general interest and momentum in the Olympic Movement continues to rise. 2011 had numerous highlights: On 6 April 2011, the dedication of a new plaque to the crew of the Barrenjoey, Australia’s first Gold Medallists in Tokyo 1964 was a great moment. The yachting fraternity and families of all three Olympians Sir William “Bill” Northam C.B.E, Peter “Pod” O’Donnell and Dick Sargeant (our only surviving member) attended the service at Lake Northam, Victoria Park. The plaque upgrade to recognise all three Olympians was instigated by Geoff Davidson. The gesture was appreciated by the families, and the event was enjoyed by all who attended. In May 2011 at the Australian Olympic Committee’s Annual General Meeting in Sydney, Helen Brownlee OAM, President of the NSW Olympic Council and Executive Board Member of the Australian Olympic Committee was awarded Life Membership to the Australian Olympic Committee. As the press release stated at the time: ‘Pioneer for Women in Sport honoured by Olympic Committee: After devoting much of her life to the sport of canoeing as a competitor, judge and administrator Helen Brownlee has been honoured as the first woman awarded life membership of the Australian Olympic Committee (AOC)’. The citation included Helen’s advocacy for women in sport and the significant role Helen plays in Olympic Education on behalf of the IOC. Congratulations Helen. The NSW Olympic Council continues to support the initiatives of the NSW Olympians Club, including in 2011 the annual Race Day at Randwick on 11 June and the Harbour Cruise on 15 September. Both were great events and we look forward to the next instalments in 2012. Fundraising The financial statement (on the final page) reports $1,226,389 funds raised at the close of 2011. We plan to go beyond the $1.8 million target before July 2012. All funds raised for the 2012 Team Appeal go directly to prepare and send the 2012 Australian Olympic Team to London. 2011 saw the fundraising campaign begin in earnest with the major Sydney Dinner, ‘One Year to Go’ taking place on 27 July at the Sydney Convention Centre. The event raised over $530,000 (net profit) for the 2012 Team Fund. With over 700 guests attending, we were pleased with this result which re-affirms the strong community and corporate support for the Australian Olympic Team. Over 70 Olympians were in attendance, including the triple world champion track cyclist Anna Meares OAM - aiming for Gold in London. Channel 9’s Peter Overton guided the evening which featured the ‘best of British’ entertainment, guided by our MC Peter Overton from the Nine Network. Our special thanks to Andrea Webster for producing another great event.


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The dinner was hosted by John Conde AO, Chairman AOC’s (NSW) Fundraising Committee for London, and Mr John Coates AC, President Australian Olympic Committee and IOC Executive Board Member. Nick Green OAM, Chef de Mission 2012 Australian Olympic provided a preview of London with Olympic legends like Kieren Perkins OAM who will accompany the Team as an Athlete Liason Officer. Also in attendance was the Hon. Barry O’Farrell MP, Premier of NSW - and Patron of the AOC’s (NSW) Fundraising Committee; Senator the Hon. Mark Arbib MP, Federal Minister for Sport; The Hon. Graham Annesley MP, NSW Minister for Sport; Mr Paul Madden, British High Commissioner to Australia; and Mr Richard Morris, British Consul General in Sydney. One lucky couple won the bidding to attend the Olympic Games Opening Ceremony. The AOC’s (NSW) Fundraising Committee for London, Chaired by John Conde AO has once again steadfastly supported our event program, and is actively selling for our future events. The NSWOC, AOC and 2012 Team is indebted to this Committee for their strong support of our events which raise much needed funds for the 2012 Team. Regional Fundraising The NSWOC has a tradition of working with our regional centres who have for many years proudly held events to assist the Team Appeal. The Illawarra and Hunter have once again arranged events for the 2012 Team. As we go to print the Illawarra Appeal Dinner has just been held on 13 March 2012 at the Novotel Northbeach Wollongong which raised over $50,000 (net) for the Team. Over 350 people attended, including 30 Olympians, lead by MC Lisa Forrest. Committee Chair Gareth McKeen and the Illawarra Appeal Committee delivered a sensational event with a great local flavour. Craig Phillips, Secretary General, provided an insight on London’s preparation and our Team’s progress. Tim Gilbert from Channel 9 interviewed London Prospective athletes Dani Samuels (Beijing Olympian), Ryan Gregson and Emily Esposito. A special interview was conducted with the Beijing 2008 Equestrian Silver Medallist Shane Rose on his extraordinary career set-backs only to finally make the Beijing Team and win a Silver Medal. Gilbert also spoke with Olympians Ray Smee OAM (Water Polo 1952, 1096), Mark Tonelli (1976, 1980 Gold Medallist), Michelle Ferris (Cycling 1996 Silver Medal, 2000 Silver Medal), Amy Hetzel (Beijing Bronze Medal in Water Polo) and Peter Hadfield OAM (Athletics 1980, 1984) who all offered their unique perspectives on the Olympic Games from different eras and sports. Coming up, the Hunter Appeal Dinner is due to take place on 30 March, followed by the second major dinner in Sydney on 16 May. This Athlete Farewell Dinner is the second of two dinners in Sydney and will celebrate our 2012 Team before they depart for London. The Carbine Club of NSW has been most generous with a payment to the Team Appeal in 2011 of $25,000. My sincere thanks to our NSW Olympic Council Executive and especially to President Helen Brownlee OAM and Vice Presidents Doug Donoghue AM and Geoff Davidson for their continual support. The NSWOC would like to thank the AOC for their constant support – to John Coates AC, President and Craig Phillips, Secretary General, the Executive Board, Directors and staff- all of whose help is which is greatly appreciated. Special thanks to Georgie Exton who has been promoted to the role of Coordinator and who keeps the operation moving, and more recently to Samantha Walker who has joined the team. James Edwards Executive Director


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Olympic Education

2011 Pierre de Coubertin Awards The NSW State Presentation of the Pierre de Coubertin Awards was held at the Sydney Olympic Park Sports Centre on 24 June 2011 attended by Ms Helen Brownlee OAM, President NSW Olympic Council, and special guest Steven Wooldridge OAM, Olympic Gold Medallist in the sport of Track Cycling from Athens 2004. One hundred students were recognised at this State Award Ceremony. The Pierre de Coubertin Award is granted by the AOC (NSWOC) to senior students who are nominated by their school for displaying excellence in sport and importantly, demonstrating sportsmanship. In conveying this award, the AOC recognises sports people who not only play the game well, but uphold the Olympic virtues of fair play. Students are selected by their schools and are often role models for students in their own right. Having spent a full day with them, the NSW Olympic Council was once again encouraged by the exceptionally high calibre of students who are nominated for this award. Several Australian Olympians joined the Academy to impart their knowledge to the students. Kerri Pottharst OAM (triple Olympian in Beach Volleyball, Atlanta 1996 Bronze Medallist, Sydney 2000, Gold Medallist and Athens 2004) had the student’s undivided attention with her presentation entitled “Turning Bronze into Gold”, describing the highs and lows of her Olympic journey while providing inspirational insight into setting goals and striving for excellence. Kate Hollywood (Hockey, Beijing 2008) was joined by winter dual Olympians Hannah Campbell-Pegg (Luge, Torino 2006 and Vancouver 2012) and Jeremy Rolleston (Bobsleigh, Torino 2006 and Vancouver 2010) who provided an interactive presentation on their Olympic experiences and life as an athlete. The Pierre de Coubertin Award is open to all secondary schools in NSW. The take-up in 2011 was very encouraging with a total of 337 Award recipients. The Pierre de Coubertin Award Program has now been successfully run for 19 years.


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2011 Talk With a Champ Schools in regional NSW were given the opportunity to participate in the Australian Olympic Committee’s Talk with a Champ program during October. Part of the a.s.p.i.r.e. school network, Talk with a Champ is an Olympic education initiative linking secondary school students with Olympic champions. The one hour discussion is themed on the Australian Olympic Team’s ‘a.s.p.i.r.e.’ values: namely Attitude, Sportsmanship, Pride, Respect, Individual responsibility and Express yourself. The program, aimed at Year 9 and 10 students, features two outstanding Australian Olympians talking about the highs and lows of their sporting careers while stressing the positive impact sport has had on their lives. Kinross Wolaroi School in Orange hosted the first session which comprised of 300 students from surrounding schools. Suzie Balogh OAM, Shooting (Gold Medal) from Athens 2004 and Amy Hetzel, Water Polo (Bronze Medal) from Beijing 2008 engaged the students with their Olympic journey. The second session took place in Tamworth hosted by Peel High School, where Amy Hetzel was joined by fellow Olympian and team mate Rebecca Rippon, Water Polo Athens 2004, Beijing 2008 (Bronze Medal). Each discussion was webcast live to the AOC’s website. Visual media, question and answer and autograph signing also featured during the sessions. Primary Schools Yeoval Central School, Yeoval and Tintinhull Public School, Tamworth were also visited as part of the regional tour. Amy Hetzel spoke to students at each school in an interactive forum, which was received with great enthusiasm amongst students and teachers alike. Talk with a Champ highlights the Olympic sport traditions and values to teach life values and life skills to primary and secondary school students.

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International Pierre de Coubertin Youth Forum Held every two years, the AOC was represented at the 2011 Youth Forum by a team of eight Year 12 students, under the direction of Bethanie Kearney (President, TAS Olympians Club and a current PE teacher) and NSW Olympic Council President, Helen Brownlee. The students were selected by their respective State Olympic Council’s from those students who had received the AOC Pierre de Coubertin Award in 2010. The NSW students were Dylan Turner and Marlee Barber. The students met at Sydney Olympic Park for a one-day orientation program before flying to Beijing. The Forum was conducted at the Beijing High School No 4, from 13 – 21 August, 2011, with accommodation in the school dormitories - which, along with meals, proved to be an interesting cultural experience! There were 113 student participants from 19 countries taking part in lectures, discussion groups, arts performances, sports activities including Tai Chi, and an Olympic knowledge test. Cultural visits to the Forbidden City and the Great Wall of China were highlights, along with a visit to Beijing’s Olympic Park, taking in “The Birds Nest” (Olympic Stadium) and the “Water Cube” (Aquatic Centre). By successfully completing all the components of the International Pierre de Coubertin Committee (CIPC) Award, all members of the Australian contingent received the Coubertin Medal at the Closing Ceremony. All in all, the students had an amazing experience, with many memorable moments they will treasure for a lifetime.


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Olympians Club of NSW: President’s Review 2011

It is now less than six months to the London Games and the build-up over the past year has provided a degree of excitement to all members of the Olympians Club. After the success of the 2010 event, an Olympians Club Race Day was again held at Royal Randwick on 11th June. Those Olympians and guests who attended enjoyed the day immensely although the numbers were down from the previous year with the AJC increasing the ticket price

To celebrate the 11th Anniversary of the Opening Ceremony for the Sydney 2000 Olympics and the build-up to the London Games, the Annual Olympians Club Dinner was conducted on the magnificent ‘Bella Vista’ on Sydney Harbour. 200 guests enjoyed the wonderful vistas provided by Sydney Harbour and the first class facilities on-board. Deputy Chef de Mission of the Australian 2012 Olympic Team, Kitty Chiller outlined the Team’s preparations for London as well as a sneak preview of the London sporting venues. Two things were confirmed on the night. The Thames River in London isn’t a patch on the beauty provided by Sydney Harbour! And Olympians of all ages proved that they still have plenty of stamina as they kicked on well into the night. Effective communications to Olympians and attracting Olympians Club Members to our events continues to be a challenge. The ratio of Olympians to general guests at our events remains low, despite the positive feedback received regarding the quality of the events provided and the enjoyment achieved by attending Olympians at our events. The Executive Committee would encourage all Olympians to attend the events but to also personally spread the work to encourage their team mates to do the same. Two events are planned for 2012 – a simple get-together of Olympians at an English style pub in April/May and we are looking to join forces with the AOC and the NSWOC as a part of the “Welcome Home” activities for the London team in August. Stay tuned. Thank you to the Olympians Club Executive members for the contribution they have made to the success of the Club and the events conducted this year. Sincere thanks to the AOC and the NSW Olympic Council for their on-going support of the Olympians Club and a special thanks to James Edwards and Georgie Exton for their active involvement and assistance.

Peter Hadfield OAM

President

Olympians Club NSW


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NSW Olympic Council Member Organisations

AFFILIATED SPORTS

ARCHERY

Archery Society of NSW

PO Box 563

MOSMAN NSW 2088

www.archerynsw.com

ATHLETICS

Athletics NSW

PO Box 595

SYDNEY MARKETS NSW 2129

www.nswathletics.org.au

BADMINTON

NSW Badminton Association

PO Box 717

WILLOUGHBY NSW 2068

www.badmintonnsw.org.au

BASKETBALL

Basketball NSW

PO Box 198


www.nswbasketball.net.au

BOXING

Boxing Australia (NSW) Incorporated

PO Box 4288

LONDONDERRY NSW 2753

www.nsw.boxing.org.au

CANOE / KAYAK

Paddle NSW

PO Box 6971

SILVERWATER NSW 2128

www.paddlensw.org.au

CYCLING

NSW Cycling Federation

PO Box 7209

BASS HILL NSW 2197

www.nsw.cycling.org.au

DIVING

Diving NSW

7 Clarence Street

TENAMBIT NSW 2323

www.divingnsw.org.au

EQUESTRIAN

The Equestrian Fed. of Aust (NSW) Inc

PO Box 7077

WETHERILL PARK BC NSW 2164

www.efansw.com.au

FENCING

NSW Fencing Assoc Inc

GPO Box 1654

SYDNEY NSW 2001

www.nswfencing.org.au

GYMNASTICS

NSW Gymnastics Assoc Inc

PO Box 190

NORTH STRATHFIELD NSW 2137

www.gymnsw.org.au

HANDBALL

NSW Handball Assoc Inc

PO Box 6471


www.nswhandball.com.au

HOCKEY

Hockey NSW Inc

PO Box 440


www.hockeynsw.com.au

ICE HOCKEY

NSW Ice Hockey Association

PO Box 3266


www.nswicehockey.com.au

http://www.nswicehockey.com.au/


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ICE SKATING

NSW Ice Skating Assoc

PO Box 3266


www.nswisa.com

ICE SPEED SKATING

Ice Speed Skating Association of NSW

PO Box 443

ROSE BAY NSW 2029

www.iceracingnsw.org.au

JUDO

Judo Federation of Aust (NSW)

PO Box 6441

SILVERWATER BC NSW 2128

www.judonsw.com.au

MODERN PENTATHLON

The Modern Pentathlon Assoc NSW

PO Box 3010

SOUTH YARRA VIC 3141

www.pentathlon.org.au

ROWING

NSW Rowing Assoc Inc

PO Box 265

CONCORD WEST NSW 2138

www.rowingnsw.asn.au

SAILING

Yachting Assoc of NSW

PO Box 6450


www.nsw.yachting.org.au

SHOOTING

NSW Shooting Assoc

PO Box 393

TERREY HILLS NSW 2084

www.nswshooting.com.au

SNOW SPORTS

NSW Snow Sports Ltd.

PO Box 934

JINDABYNE NSW 2627

www.nswsnowsports.com.au

SWIMMING

Swimming NSW Assoc Inc

PO Box 571


www.nswswimming.com.au

TABLE TENNIS

NSW Table Tennis Assoc Ltd

PO Box 6952


www.ttnsw.org.au

TENNIS

Tennis NSW

PO Box 6204


www.tennisnsw.com.au

TRIATHLON

Triathlon NSW

PO Box 13

ALEXANDRIA NSW 1435

www.trinsw.org.au

VOLLEYBALL

State Volleyball NSW Inc

PO Box 4092

ILLAWONG NSW 2234

www.nswvolleyball.com

WEIGHTLIFTING

NSW Weightlifting Assoc

PO Box 90

CONCORD NSW 2137

www.nswweightlifting.com.au

WRESTLING

NSW Wrestling Assoc Ltd

4 Darling Street

ABBOTSBURY NSW 2176

www.nsw.wrestling.com.au

http://www.nsw.yachting.org.au/


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RECOGNISED SPORTS

BASEBALL

NSW Baseball League

PO Box 63

MT DRUITT NSW 2770

www.nsw.baseball.com.au

DANCESPORT

Dancesport NSW

PO Box 7771

BALUKHAM HILLS NSW 2153

www.dancesportnsw.org.au

GOLF

NSW GOLF ASSOCIATION

PO Box 195

ARNCLIFFE NSW 2205

www.nswga.com.au

NETBALL

NSW Netball Association

PO Box 396

LIDCOMBE NSW 1825

www.netballnsw.com

ORIENTEERING

Orienteering Association of NSW

PO Box 3295


www.nsw.orienteering.asn.au

RUGBY UNION

NSW RUGBY UNION

Locked Bag 1222

PADDINGTON 2021

www.nswrugby.com.au

SKATE / ROLLERSPORTS

Skate NSW

PO Box 122

CRANEBROOK NSW 2749

www.skateaustralia.org.au

SOFTBALL

NSW Softball Assoc Inc

PO Box 52

BLACKTOWN NSW 2148

www.softball.net.au

SQUASH

NSW Squash Ltd

6 Duffey Ave

THORNLEIGH NSW 2120

www.nswsquash.com.au

TENPIN BOWLING

Tenpin Bowling Association of NSW Inc

26 Shackel Ave

CLOVELLY NSW 2031

www.tenpin.org.au/NSW

UNDERWATER SPORTS

Australian Underwater Federation NSW

42 Toyer Avenue

SANS SOUCI NSW 2219

www.auf.com.au

WATERSKI

NSW Waterski Association

PO Box 427


www.waterskinsw.com.au


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NEW SOUTH WALES OLYMPIC COUNCIL INC. STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2011

Note 2011 $

2010 $

REVENUE 4(a) 217,420 204,418

EXPENSES 4(b) 178,397 164,906

PROFIT/(LOSS) BEFORE INCOME TAX 39,023 39,512

INCOME TAX EXPENSE - -

NET PROFIT/(LOSS) FOR THE YEAR 39,023 39,512

OTHER COMPREHENSIVE INCOME/(LOSS) - -

TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR 39,023 39,512

The statement of comprehensive income should be read in conjunction with the accompanying notes.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2011

Note 2011 $

2010 $

CURRENT ASSETS

Prepayments 5 779 767

Trade and other receivables 6 239,398 201,619

TOTAL CURRENT ASSETS 240,177 202,386

NON-CURRENT ASSETS

Property, plant and equipment 7 853 890

TOTAL NON-CURRENT ASSETS 853 890

TOTAL ASSETS 241,030 203,276

CURRENT LIABILITIES

Trade and other payables 8 42 1,268

Other liabilities 9 91 135

TOTAL CURRENT LIABILITIES 133 1,403

TOTAL LIABILITIES 133 1,403

NET ASSETS 240,897 201,873

EQUITY

Accumulated Funds 240,897 201,873

TOTAL EQUITY 240,897 201,873

The statement of financial position should be read in conjunction with the accompanying notes.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2011

Note 2011 $

2010 $

CASH FLOWS FROM OPERATING ACTIVITIES

NET CASH FLOWS USED IN OPERATING ACTIVITIES 10 - -

NET DECREASE IN CASH AND CASH EQUIVALENTS - -

CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR - -

CASH AND CASH EQUIVALENTS AT END OF YEAR 2f - -

The statement of cash flows should be read in conjunction with the accompanying notes.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2011

Note 2011 $

2010 $

TOTAL EQUITY AT THE BEGINNING OF THE YEAR 201,873 162,361

PROFIT FOR THE YEAR 39,023 39,512

OTHER COMPREHENSIVE INCOME - -

TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE YEAR 39,023 39,512

TOTAL EQUITY AT THE END OF THE YEAR 240,897 201,873

The statement of changes in equity should be read in conjunction with the accompanying notes.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 (1) CORPORATE INFORMATION

The financial report of the New South Wales Olympic Council Inc. (‘NSWOC’ or ‘Council’) for the year ended 31 December 2011 was authorised for issue in accordance with a resolution of the Executive Board on 8

th March 2012.

The NSWOC is an Association incorporated under the Associations Incorporation Act, 1984 of New South Wales and is domiciled in New South Wales. The principal place of business is Level 3, 1 Atchison Street, St Leonards, NSW, 2065. The nature of the operations and principal activities of the Council are that 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.

(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 to fulfil the committee of managements’ (“Executive Board”) financial reporting requirements under the Associations Incorporation Act 1984 of the 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 1984 of New South Wales and the Council’s constitution, and are, in the opinion of the Executive Board, 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.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011

(a) Basis of preparation (Con’t)

Accordingly, the financial report has been prepared in accordance with the Associations Incorporation Act 1984 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 1984 of the New South Wales and the Constitution. The Executive have 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 2011. The Executive have not early adopted any of these new or amended standards or interpretations. The Executive have 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. 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) Fundraising

The NSWOC undertakes fundraising on behalf of the Australian Olympic Committee Inc (‘AOC’) and, as a result all funds raised by the NSWOC are recorded directly in the financial statements of the AOC.

At 31 December 2011, the NSWOC had raised $1,226,389 (2010: $131,361) towards the 2009 – 2012 Olympic Team Appeal.


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(e) Income Tax

The NSWOC is exempt from Australian income tax.

(f) 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 raised by the NSWOC are recorded directly in the financial statements of the AOC. At 31 December 2011 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 6).

(g) 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 uncollectible 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.

(h) Property, plant and equipment

Acquisition Items of property, 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 basis over their estimated useful lives ranging from 3 to 40 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.


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(i) Property, plant and equipment (Con’t)

Impairment losses would be recognised in the statement of comprehensive income.

(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.

(k) 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.

(l) Employee benefits and expenses

(i) Wages, salaries, annual leave and long services 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 choice of super. Contributions on behalf of employees are based on various percentages of gross salaries and are charge against the statement of comprehensive income when due. All employees in the group employee super 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.


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Note 2011 $

2010 $

(4) REVENUES AND EXPENSES

(a) Revenue

NSW Government grants 45,000 45,000

AOC Administration Grant 120,000 106,000

AOC Special Grant 43,160 43,160

Interest Income 5,458 4,812

Affiliation Fees 3,227 3,446

Olympians Club 575 -

AOC Olympic Solidarity Grant PDC - 2,000

TOTAL REVENUES 217,420 204,418

(b) Expenses

Salaries and wages 90,143 83,094

Training - 555

Office expenses 6,103 6,407

Office Equipment Expense 1,039 1,009

Depreciation 37 37

Travel & Meeting Expenses 15,846 14,631

Promotion and publicity - 219

Pierre de Coubertin Awards 15,229 8,506

Olympians Club - 448

Donations 50,000 50,000

TOTAL EXPENSES 178,397 164,906

NET PROFIT/(LOSS) 39,023 39,512

The Australian Olympic Committee has undertaken to provide the NSWOC with an annual grant (paid 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.


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Note 2011 $

2010 $

(5) PREPAYMENTS

Prepayments 779 767

779 767

(6) TRADE AND OTHER RECEIVABLES

Debtors (Affiliation Fees) 273 91

Accrued Interest 118 109

Due from Australian Olympic Committee Inc 239,007 201,419

239,398 201,619

(7) PROPERTY, PLANT AND EQUIPMENT

Plant and equipment

At cost 5,575 5,575

Provision for depreciation (4,722) (4,685)

853 890

(8) TRADE AND OTHER PAYABLES

Sundry creditors 42 1,268

42 1,268

(9) OTHER LIABILITIES

Deferred income (Affiliation Fees) 91 135

91 135

(10) STATEMENT OF CASH FLOWS RECONCILIATION

Net Profit/(Loss) 39,023 39,512

Depreciation 37 37

Changes in assets and liabilities: (Increase)/ decrease in receivables and prepayments (37,790) (40,819)

Increase /(decrease) in liabilities (1,270) 1,270

NET CASH FLOWS (USED IN) / FROM OPERATING ACTIVITIES - -


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NEW SOUTH WALES OLYMPIC COUNCIL INC. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2011 (11) 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 the New South Wales. (12) RELATED PARTY DISCLOSURES

The members of the Executive Board during the financial year were:

Helen M Brownlee OAM J Doug Donoghue AM Geoff Davidson Linda McLaren Shane Alvisio Robert Lawton Peter Hadfield OAM Peter Lozan

James Edwards (Executive Director)

The NSWOC is provided with the use of office premises and computer equipment at no charge from the Australian Olympic Committee Inc. (13) KEY MANAGEMENT PERSONNEL

Compensation of Key Management Personnel for NSWOC activities relate to the following categories only:

2011

$ 2010

$

Short-term employee benefits 37,798 36,697

Post-employment benefits 3,402 3,303

41,200 40,000

Apart from the Executive Director, Members of the Executive Board serve on an honorary basis for no remuneration.

(14) AUDITORS’ REMUNERATION

Costs for the audit of the NSWOC are borne by the Australian Olympic Committee Inc.


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(15) 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 the forecast level of funding revenue from the Australian Olympic Committee grant. The Executive have prepared a forecast for the 2012 year which indicates the Council will be able to meet their financial obligations as and when they fall due. On this basis the Executive believe it is appropriate to adopt the going concern basis in the preparation of these financial statements.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. DECLARATION BY THE MEMBERS’ OF THE EXECUTIVE FOR THE YEAR ENDED 31 DECEMBER 2011 In the opinion of the Members of the Executive Board of the New South Wales Olympic Council Incorporated (the ‘Council’), the accompanying Financial Report 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 result of the Council for the year ended 31 December 2011 and of their statement of financial position as at 31 December 2011. Signed on behalf of the Executive Board at Sydney, 8

th March 2012.

HELEN BROWNLEE OAM J. DOUG DONOGHUE AM President Executive


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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE NEW SOUTH WALES OLYMPIC COUNCIL INC.


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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE NEW SOUTH WALES OLYMPIC COUNCIL INC.


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AUDITOR’S DISCLAIMER REPORT TO THE MEMBERS OF THE NEW SOUTH WALES OLYMPIC COUNCIL INC.


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NEW SOUTH WALES OLYMPIC COUNCIL INC. STATEMENT OF FUNDRAISING FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 DECEMBER 2011

2011

$ 2010

$

Accumulated Surplus Fundraising 131,361 63,762

INCOME

2012 Appeal Breakfast - 61,280

2011 One Year to Go Dinner 881,125 -

Government Donation 500,000 -

Other Donations 75,000 50,000

General Fundraising - -

1,456,125 111,280

EXPENDITURE

2012 Appeal Breakfast - 13,438

2011 One Year to Go Dinner 321,547 30,140

Athlete Farewell Dinner 37,511 -

Hunter Regional Committee 153 -

Illawarra Regional Committee 1221 -

General Fundraising 665 103

361,097 43,681

Surplus carried for the year 1,095,028 67,599

Fundraising Quadrennium to date 1,226,389 131,361

2011 annual report -...

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