Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
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OUR MISSION
To provide a first-class dining, sporting and recreation facility
to meet the needs of a diverse multi-national membership.
GENERAL COMMITTEE 2
PRESIDENT’S MESSAGE 3
TREASURER’S REPORT 4
FIVE YEAR COMPARISON 5
RECORD OF MEETINGS 7
SUB-COMMITTEE REPORTS
DEVELOPMENT & PROPERTY 8
ENTERTAINMENT 10
FOOD & BEVERAGE 12
HUMAN RESOURCE 14
LIBRARY & CLUB RELATIONS 15
MAGAZINE & WEBSITE 16
MEMBERSHIP & RULES 17
TENDERS & PURCHASING 19
SPORTS & RECREATION 20
FINANCIAL STATEMENTS
STATEMENT BY THE GENERAL COMMITTEE 31
AUDITORS’ REPORT 32
STATEMENT OF FINANCIAL POSITION 33
STATEMENT OF COMPREHENSIVE INCOME 34
STATEMENT OF CHANGES IN FUND 35
STATEMENT OF CASH FLOWS 36
NOTES TO FINANCIAL STATEMENTS 37
AUDITORS
DELOITTE & TOUCHE (CERTIFIED PUBLIC ACCOUNTANTS)
PRINCIPAL BANKERS
CITIBANK
DBS BANK
HSBC
STANDARD CHARTERED BANK
UNITED OVERSEAS BANK
Standing (from left): Vincent Troy, David Palmer, Dr Richard Tan, Robert Wiener, Eric Lee
Seated (from left): Frank Newman, Nan Sandford, Humphrey Chua, Joseph Chew, Shanta Sundarason, Dr Albert Wee
Joseph Chew
President
David Palmer
Vice President
Humphrey Chua
Honorary Treasurer
Committee Members
Eric Lee
Frank Newman
Nan Sandford
Shanta Sundarason
Dr Richard Tan
Vincent Troy
Dr Albert Wee
Robert Wiener
and remain relevant. With this in spurred the members to come to the
mind, the MRSC has been working Club to savour the entertainment as
diligently on some rule changes. well as the food and beverage.
Firstly, it is proposed that the wordings
of the Rules be tidied up to improve Not to be outdone are the Sports &
readability and understanding. Recreation sections, which are to be
Secondly, a number of rule changes credited with the various tournaments
are being proposed. These rule in golf, tennis, squash, swimming
changes have to be approved at the etc. A new Darts Section was set up
upcoming Annual General Meeting on recently and is already having a good
Monday 26 April 2010. following.
FINANCE SUB-COMMITTEE recognized and made good with warranties, • Improvement to M&E and ACMV (for
Humphrey Chua (Convenor) $554k on 21 December 2009 and $698k on 8 energy efficiency arising from energy audit)
Joseph Chew (Deputy Convenor) March 2010, totalling $1,252k. Other major at $500k
Frank Newman Capital Expenditure as approved by GC not • Churchill Room minor renovation at $200k
Patrick Docherty exceeding $250k per project item (per Club • Jackpot machines replacement at $135k
Lim Kian Kok Rule 4(v), capital expenditure of less than
Tan Kai Seng S$250,000/- in aggregate can be approved by Notwithstanding the above expenditures, the
Yap Boh Pin the General Committee) totalled 3 (landscaping budget revealed that at end of financial year
works and its surroundings including the garden 31 January 2011, the Club will continue to have
FINANCIAL SUMMARY and covered walkway at S&R building $200k, positive cash balance of $12.4m (not including
Despite an uncertain global period, for the installation of CCTVs $100k, installation of the $10m Bonds).
financial year ended 31 Jan 2010 the Club outdoor tennis lightings $108k).
recorded an Operating Surplus After Tax of FINANCE SUB-COMMITTEE
$3.391m against budget of $4.613m. The lower At the SGM held on 8 February 2010, the During the financial year and on an ongoing
than budgeted surplus arose from Entrance members voted in favour of the refurbishment basis, the Finance Sub-Committee, together
Fees of $3.94m which was lower by $2.8m of Wheelhouse and Pool Project at an amount with the General Manager and the Financial
against the previous year. not exceeding $3.5m. The Club finances and Controller had worked on recommendations
cash-flows are able to fund all the above Capital to streamline areas of operations for cost
Cash at Bank and Fixed Deposits stood at Expenditure. reductions without compromising on quality
$14.321m and Investment from the 5% OCBC and efficiency, to improve accounting systems
Bond maturing in September 2011 with net Extraordinary legal fees arising from members’ and procedures and to ensure that the financial
book value at $10.307m, giving total available action against the Club and Committee came records and reports are accurate, timely and
Cash of $24.628m. The cash-flow for the to $217k. The Club will make every effort to to show a true and fair view as required under
financial year remained positive and Interest claim against the Directors & Officers Liability good governance and practice.
earned for the financial year was $555k. Insurance Policy.
We are also looking into ways to improve
However, on the business line results, F&B CLUB ACTIVITIES productivity in the area of integrating the
operations with higher revenue of $8.918m The Club had been more vibrant with more current Front Office to Back Office Accounting
(2009: $8.278m) suffered a deficit of $2.784m members coming back to enjoy the myriad of System, using the computerized Inventory
(2009 deficit: $3.324m) arising from higher cost sports and social activities as well as patronizing Control System to work out the F&B costs and
of sales not passed on through higher selling the F&B outlets. For Club activities and for stock take, and using the computerized
price. The Sports & Recreation operations also achievements held in the financial year, kindly Checking System for cheque issuance.
revealed comparable deficit of $1.622m (2009: refer to the respective Convenors’ reports.
$1.635m). As I approach the end of my term, I would like
BUDGET 2010/2011 to thank the members of the Finance Sub-
Comforting to note, Members Subscriptions of For the coming financial year, the Club has Committee, the Finance department and the
$7.63m, together with the rental & commission budgeted a net surplus of $744k, compared other departments in giving their commitment
income of $374k, were more than sufficient to this financial year’s $3,391k. The major in ensuring good work ethics, cooperation and
to cover other operating costs and utilities variances are: for their support and contributions.
of $6.45m. All other business lines produced • no property tax rebate next FY
surpluses - Jackpot operations generated higher (expense increase by $107k) Humphrey Chua
net surplus of $945k, up by $160k from prior • reduction in jobs credit from $521k to $95k Honorary Treasurer
year and Guestrooms achieved an operating (expense increase by $426k)
surplus of $769k. • higher depreciation of $570k due to full
impact on S&R building and additional new
The jobs credit for this year amounted to capital expenditure planned for the new FY
$521k. This is projected to reduce to $95k after • write back of bonuses of $635k in FY
considering the reduction from 12% in the last ending January 2010
FY to 6% from January to March 2010, 3% from • lower F&B sales by $346k, assuming lower
April to June 2010 and no further rebates from collections from Wheelhouse which will be
the Government thereafter. closed for refurbishment for about
3 months
The Balance Sheet of the Club remained • lower guestroom revenue by $254k,
conservatively strong with Net Assets standing assuming closure for renovation for
at $59.409m. (2009: $56.018m). No revaluation 3 months
of the Club’s properties were made, which
still stands at Property Revaluation Reserve of Total capital expenditure budgeted amounts to
$2.258m. $6.687m. Major items are as follows:
• Wheelhouse and Swimming Pool
On Capital Expenditure, the final payment renovation at $3.5m
to the Master Plan was completed in two • Guestrooms upgrade including M&E works
trenches after ensuring that all defects were estimated at $1.6m
EXPENSES
Cost of food and beverage sales 3,983 3,644 3,286 2,971 2,826
Staff and related costs 8,135 9,148 8,828 7,796 7,580
Other operating costs 4,461 4,004 4,017 3,414 2,731
Water and electricity 1,991 1,879 1,408 1,266 1,113
Depreciation 2,122 1,982 1,239 1,148 1,081
Property tax 161 269 269 269 269
Net surplus for the year 3,391 4,471 2,650 2,404 2,435
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
2005/06
2006/07
2007/08
2008/09
2009/10
Guestroom Subscriptions Fees Food & Beverage Sales
Jackpot Collections Sports & Recreation Miscellaneous
Entrance Fees Investment Income
Committee A B C D E F G H I J K L M
No. of meetings held 9 9 10 9 8 9 10 9 10 9 9 8 17
Joseph Chew 9 8 1 7 4
David Palmer 9 6 7 7 4
Humphrey Chua 9 8 8 4
Eric Lee 6 9 6 2
Frank Newman 9 7 8 5
Nan Sandford 9 7 6 10 8 8 15
Shanta Sundarason 8 6 10 5 1
Dr Richard Tan 9 7 7 8 2
Vincent Troy 8 9 6 5 4
Dr Albert Wee 7 8 3 8
Robert Wiener 9 7 10 7 3
COST REPORT ON ADDITION AND ALTERATION WORKS TO THE TANGLIN CLUB At 31 January 2010
5.0 ADD
5.1 Consultants’ Fee 1,400,000.00 1,072,046.10
5.11 HBO Fees 260,000.00
5.2 Site Administration 350,000.00 423,282.39
5.3 Accredited Checkers 10,600.00 10,600.00
5.4 Models and Prospective 12,000.00 3,400.00
5.5 Authorities Submission Fee 75,000.00 91,850.37
5.6 Authorities Submission Fee to SLA 23,000.00 23,011.04
5.7 Structural Investigation Fees 10,000.00 8,930.00
5.8 Demolition of sub-station 18,100.00
Total for ‘ADD’ 1,880,600.00 1,911,219.90
List of Items not to be included in Masterplan (528,864.92) Tangles Kitchen, POS Cabling,
Equipment Room
ENTERTAINMENT
Clockwise (from top): Robert Wiener, Tan Chin Ngiap, Kate Stanley, Patricia Hancock-Teoh, Shirley Low,
Angelina Tan, Vanitar Sindaya and Tony Liok.
ENTERTAINMENT SUB-COMMITTEE In support of Spa Botanica, we held two Our playroom continued to be well-utilized
Robert Wiener (Convenor) therapeutic Spa events in July and October, by children age two and above. Operationally,
Patricia Hancock-Teoh which saw approximately 25 attendees. it has been a smooth year. Towards the last
Kathy Birkbeck quarter of 2009, we spent approximately $350
Shirley Low NYE Ball countdown saw a total of almost in replacing and replenishing toys. Beginning
Tan Chin Ngiap 700 revelers through the Club with good of 2009, an advertisement was placed in the
Tony Liok entertainment and excellent food & beverage. magazine titled “Reuse & Recycle” reaching
Kate Stanley It was a memorable night for most. Most of out to members to bring in used toys for the
all festive events were successful. We had Playroom. Response was fair and we urge
CHILDREN SUB-COMMITTEE approximately 600 attendees during the members to continue to participate in this
Christine Kwee Christmas Tree Lighting. recycling project.
Rachelle Lau
Soon Pek Quan In aid of The Children’s Aid Society, a donation In continuation of 2008’s success, we brought
box was placed at the reception desk from back the Christmas Pantomime “Aladdin” which
DEPARTMENT STAFF 29 November till 25 December. A total of was wonderfully performed by The Stage Club
Angelina Tan - Events Manager $1,333 was collected and we thank those who over the weekend of our annual Tree Lighting.
Vanitar Sindaya - Events Executive contributed to this donation. We had an overwhelming turnout of more than
Komala Attegan - Playroom Officer 450 attendees.
Nishalani Nair - Playroom Officer CINEMA
Numbers of movies screened from January to FY2009/10 BUDGET
SUMMARY OF EVENTS & ENTERTAINMENT December: 48 movies (FEBRUARY TO DECEMBER 2009)
Number of events from January to December: Total Attendance from January to December: Generated Gross Income Revenue vs
• 22 special events Approximately 11,524 Budgeted Gross
• 4 Ladies Luncheon Special Events
• 2 Adults Art Workshop Some of the popular movies which received Generated Gross Income Revenue - $214,712.32
very good response with over 300 viewers were Budgeted Gross - $170,000
Most of our events attracted an average Mama Mia, Sound Dog, Ramen Girl, Australia,
attendance of 100 to 120 members and Young Victoria, Last Chance Harvey, Gran Children’s Activity
guests. Some of the few successful events Torino, Changeling and Up. Generated Gross Income Revenue - $27,564.51
with overwhelming crowds of more than 160 Budgeted Gross - $16,600
members and guests were the Peranakan TEEN SCENE
Evening held in June, Golden Oldies Night in July This year, we had the privilege of having Special Events had the opportunity to work
and Oktoberfest in September. Kate Stanley on our committee who is very in two other events (Peranakan Evening and
enthusiastic and active in teenage activities. Oktoberfest) which were not forecasted in the
In May, the Annual Club Party themed “Blue Although we have not planned anything calendar.
Hawaii” had a successful turnout of over 800 successfully for this demographic group, we
members and their guests. It was a fun-filled will strive harder to organize activities and Children’s Activity brought in substantial
evening with heart-pounding entertainment events for the upcoming year. There have also revenue for the NYE Family Party.
and great food & beverage throughout the been ideas and suggestions brainstormed and
night. put together in setting up at teenage area FY2010/2011
within the lower ground floor for the Club. This The goal for the Entertainment Department for
project, we hope, will be looked into seriously FY2010/2011 is to create a concentrated mix
and carried forward successfully. of cultural entertainment that will be capable
of contributing to the Club’s social activities by
CHILDREN’S ACTIVITIES & PLAYROOM attracting and accommodating members and
Total number of events & activities: 18 their guests of diverse cultures and ages.
Majority of our children’s activities went well
in 2009 with an average of 20 children per The Entertainment Department will not only
activity/workshops. To name a few successful seek after local and regional artists to perform
events: Sweet Love Chocolate-making or exhibit but will create entertainment that is
Workshop, Modern Etiquette, Science Show, stimulating, cost effective and attractive.
Children’s Easter Party, National Day Brunch,
Sweet Scary Night Halloween Party and all the We have finalized our objectives for the year
festive baking workshops. Magical Christmas ahead and look forward to generate a Gross
Golden Oldies Fairy Tale party was a great success with an Income of no less than $240,000 in all areas of
attendance of about 120 children. the Entertainment.
ENTERTAINMENT
TERMS OF REFERENCE through media coverage in various activities for members’ children age
Terms of Reference for the Entertainment Sub- high profile magazines (Singapore between 5 to 16 years of age.
Committee were put together in late December Tatler, The Peak etc)
and we are pleased to share the following with • To solicit as far as possible WORD OF THANKS
you. sponsorship (external) for events Once again, thank you members for supporting
and activities in the Club all our events. Please do not hesitate to
The Entertainment Sub-Committee is made up • Ensure that the budget for the provide us feedback on any of the events you
of a group no less than four and no greater than department, inclusive of operating have participated in, may it be good or bad.
eight members including the Convenor and costs, Club subsidies and any new However, we will come to you with a yearly
Deputy convenor. infrastructure is provided for the survey.
ensuing year.
The Entertainment Sub-Committee’s role In closing, many thanks to all my Committee
is to focus on all matters pertaining to OPERATIONALLY members for giving so much time and effort to
entertainment and events in the Club. There are two separate sub-committees under make this year such a success.
Its primary role is to: the entertainment umbrella namely:
• Set the policy and the direction • The ESC (Entertainment Sub-Com) To the Tanglin Club Entertainment Team,
of the Club’s activities (events Through the Events HOD; works Angelina, Vanitar, Komala and Nishalani, you
and entertainment) for the year in closely with the Events Department all make our job so very easy. I know we have
question. and makes recommendations to the achieved a great deal this year and I wish you all
• Set the policy and direction of the Management of the Club on all the very best for 2010.
Club’s children’s activities (events major Club events (Tanglin Ball,
and activities) for the year in NYE Ball, Club Party etc), and all It has been a great pleasure to be your
question other events/activities in the Club. Convenor this year.
• Arrange for the selection of all films • The CSC (Children’s Sub-Com)
in the Club for the year in question Through the Events HOD; makes Robert Wiener
• To raise the profile of the Club’s recommendations to the Entertainment Convenor
activities within Singapore society Management of the Club on
Golden Oldies Blue Hawaiian Club Party Blue Hawaiian Club Party
Jimmy Chok, five wine tasting events The F&B policy is to give members
and a gala dinner in December 2009. 5-star food and service at reasonable
prices. With the improvement in the
GENERAL economic situation, it is hoped that
Most clubs in Singapore lose money price increases can be kept to the
on their F&B departments. To break minimum. Pricing policy is continually
even on direct costs at the Club’s under review.
F&B outlets means revenue/covers
would have to increase by about 10%. PERFORMANCE
With new menus and upgrades, and Members sometimes state that
hopefully additional revenue at all staff are not performing as the F&B
restaurants, it is possible the break department continues to lose money.
even figure will be obtained in a year
or so. It is not practical to engage That is not correct. Staff are measured
outside caterers to deliver 5-star food against budget, which is approved by
and service at a sensible pricing/cost the General Committee. This year,
structure. all figures are positive, so staff have
performed above expectations.
To recover all costs, both direct and
Wine Bar
allocated, means menu prices would The General Committee sets pricing,
have to be increased by over 50% - number of outlets and menu policy. It
which is inconceivable. is these items that mainly affect the
quality have been upgraded this year and overall cost and profit/loss structure of
The F&B department has not had an overall complaints way down. the F&B department.
price increase for some years yet all costs from
food, utilities, staffing etc, have increased in the The main problem is that the Club is serving A BIG THANKS TO ALL
meantime. members 5-star food and service at 3-star It’s been a challenging year for all concerned,
prices, with expensive overheads. With no not only coping with the economic situation,
Overall, our food & beverage prices are the menu price increase for some time, but with but a change of management. All agree that
lowest of the major clubs, although individual cost cutting measures, increased productivity there has been a considerable improvement
items may be higher. Members often complain and increased sales, expenses have decreased, in standards over the period and I am certain
that some items are more expensive than and losses reduced, but this can only carry that with our team of Executive Chef Louis Tay,
outside food courts, stalls, etc. Their overheads on for so long, as all costs have increased Sous Chef Dennis Thng and F&B Operations
are usually much lower, their customer base considerably over the past few years. Manager Johnny Yap, there will be even more
larger, and normally they are only selling one or improvements in the coming year.
two lines, which allows for economies of scale. Some members say that as they are paying a
monthly subscription, this should be used to My thanks go to all the staff and F&B Sub-
McDonalds can sell hamburgers cheaper than subsidise F&B. Almost all the subscription goes Committee members for all their help, guidance
the Club. On the other hand, prices at Raffles to paying for Club amenities like swimming and assistance in obtaining these excellent
are much higher. pool, car parks, sports complex, maintenance, results.
cinema, as well as administration, security
The Club has first class staff in both kitchens and the likes. A 5-star club has to have these Frank Newman
and restaurants, and both service and food amenities, whether members use them or not. F&B Convenor
Allocated Expenses
Utilities 991 1003 958 +3.4
Property Tax 57 61 94 -39.4
Depreciation 497 436 472 +5.3
Allocated Labor 357 342 355 +0.6
Note:
1. A government “Job Credit Scheme” of $259,000 reduced labour costs by that amount.
2. Including in the accounts is $84,000 for cable vision expenses.
3. About 6000 $50 birthday vouchers will be given to members this year.
ANNUAL REPORT 2009/2010
13
SUB-COMMITTEE REPORT
HUMAN RESOURCE
From left: Patrick Kwek, Vincent Troy, Eric Lee, Nan Sandford and Adrian Kwong.
Inset: Sylvia Lee.
Recently, we have also started a Workforce Although this achievement is admirable, much
Skills Qualification in Employability Skills more effort can be put in, and will be put in, as
Systems offered by the Tourism Management the year progresses.
LIBRARY SUB-COMMITTEE demand by members and reciprocal members. members for their immeasurable contribution
Nanette Sandford (Convenor) Printing and photocopying services are also for the libraries and the Reading Room. A thank
Dr. Albert Wee (Deputy Convenor) available in the Library at a minimal charge. you note to reach Laura Monteiro, HOD for
Obaid Ul Haq the Library, Agnes, Nancy, new recruits – Mei
Simon Martin The Junior Library has always been completely Hui who has taken the duties from Feona and
Nancy Lum utilized. New books for children aged 3 to 14 Shamima who has taken over from Jenny.
Rupa Natarajan are purchased monthly. Book suggestions from
Ng-Lim Yoke Kian members are mostly approved. The members in CLUB RELATIONS
Dan Ooi general are pleased with the selection of books. Once again, I worked very hard to meet
James See-Thoe current members, returning absent members,
Carolyn Yeo We furnish several new books for teens and reciprocal members and staff. This is to get
encourage boys and girls of this age to visit the feedback with a view to enhance facilities of
The Junior and the Main Library together Junior Library. The library staff are pleased to the Club.
with the DVD Section have been very active serve members and their children at any time
throughout the year. As per the directive when the Library is open for operations. The staff have worked extremely hard and
from the General Committee, a separate DVD I have done my best to make sure that
Section Committee was formed in November New books are acquired monthly and the loan everything is in order. I would like to thank the
2009 under the umbrella of the Library Sub- reports below shows the increased no. of staff for their co-operation.
Committee. Mrs. Ng-Lim Yoke Kian was elected loans. We are within budget this year and the
as the DVD Convenor. The DVD Budget for the purchase of books was based on the guideline By attending the interview sessions, I meet
year 2010 was discontinued. Thereafter, DVD as previously, 70% for General Fiction and 30% people from all walks of life who wish to join
Section Fund will be used for the purchase of for Non Fiction. Loan Acquisition figures for the Club. I have been to most of the interviews
DVDs for the year 2010. 2009 are as follows: and to-date, all of the Introduction Evenings
every month.
The Library Sub-Committee members have Total Number of Books Borrowed
introduced new writers to the Fiction collection (Feb ’09 to Jan ‘10) Nan Sandford
to gauge members’ interest. Book suggestions Adult Library: 35,449 & Junior Library: 25,104 Library & Club Relations Convenor
from members have been well received. Books
are approved based on the majority of the New Books Acquired (Feb ’09 to Jan ‘10)
members’ interest and popular authors or a Adult Library: General Fiction - 583,
bestseller. Non Fiction - 298
The Internet stations have been used in great I wish to thank the Library Sub-Committee
The DVD Section Committee was formed in November 2009 and I am very
privileged to be elected as the DVD Convenor for the year 2009/2010. The
DVD Section Committee has first of the monthly meetings.
With the increasing DVD members in this section, the DVD Section Committee
will endeavour to setup a system to enhance service to the members.
I would like to thank DVD Section Committee members for their valuable
effort to make the section a success. A big thank you to the very supportive
library staff and to the Library Sub-Committee members.
Signage throughout the Club has been replaced The Marcom team have also performed tasks
by professional-looking posters designed by beyond their normal scope of work - ranging
our Marcom team. We have been able to save from installation of vinyl sticker and acrylic
on costs by designing and installing notices signages to preparing Club party props and
in-house. decorations. Staff have requested to attend
classes for advanced photography, image-
Much of our photography is now done in-house editing software and workshops related to their
(with emphasis on F&B), by Marcom. The job scope. Constant skills upgrading and training
Marcom tteam has expressed great interest in is in line with Ministry of Manpower’s advice of
photography,
photograp and have taken on the task of “staying ahead”.
performing
performin photo shoots of food & beverage
for the magazine,
m posters, menus and website. We are extremely fortunate to have such a
Cost savings
sa have increased, as a result of dedicated and enthusiastic team that continues
not
no hiring external photographers and to strive to improve itself and serve the
with less reliance on purchasing stock membership. I would like to thank them all for
images. their continued support and great work. Nazrin
Ali, Habib Mansoor and Alvin Teu. You are all
a great asset to the Club and on behalf of the
Part of the heritage board at the committee, I would like to thank you all for yet
front
f of the Club was designed by our another year of great work.
Marcom
M team. An icon of history must
be made
m public knowledge, and with the Before I sign off, I would like to say a very big
help of National
. Heritage Board, the board thank you to the Magazine & Website Sub-
was in
installed Committee members, Nan Sandford, Susan
Gallagher and Priti Shah as well. Without your
We have undergone a restructuring of guidance and input, the magazine would not
our department
depar and the Marketing & continue to be a much awaited item in most
Communications
Communi department now operates members’ mailboxes each month!
under the direct leadership of General
Manager, with the Convenor advising where Shanta Sundarason
necessary.
necessary Magazine & Website Convenor
LIST OF TENDERS CALLED BY THE TPSC FOR THE PERIOD APRIL 2009 TO JANUARY 2010
BALUT
SUB-COMMITTEE Additionally, the year’s highest event total score STAFF VS MEMBERS
Sethuraman Ganesan (Convenor) was Fatema Sadiq (706) with runner-up David The all-important annual fixture, Staff vs
Nina Menon Hughes (702). Highest column score went to Members, was again enjoyed by all 26
Sapinah Hughes Sapinah Hughes (155) with runner-up Fahmida participants this year. It looked at a certain
Hassanbhai and Fatema Sadiq both at 149. stage as the members were comfortably in
2009 was a good year for the Balut Section. charge but the staff smelled an opportunity
Balut is a fun dice game played by two or more INTER-CLUB BALUT after the fourth game and collected the trophy
players. Played with five dice, the aim is to Six clubs - namely NUSS, Singapore Recreation with an unheard of finishing at the end of the
score as many points as possible by the end Club (SRC), Singapore Cricket Club (SCC), The sixth game.
of the game. Members interested in learning Indian Association, The Eurasian Association
how to play Balut, can find instructions at the and The Tanglin Club - competed in this year’s Congratulations to all. A special mentioning of
Main Reception Counter and the S&R Reception competition. staff go to Mary Lee, Letchumi and Betty and
Counter. They will find that Balut is easy to members Gale, Sapinah, Min and Bansi.
digest and get addicted to. The tournament ran in four stages and was
sponsored by Pernod-Ricard Singapore, 29TH STC INTER-PORT BALUT COMPETITION
MONTHLY GAMES distributors of Chivas Regal Whisky and Jacob’s A record number of totally 168 baluteers (42
At the Tanglin Club, we play monthly games Creek Wines. The Tanglin Club team was teams) from Thailand, Singapore, Brunei,
on the last Thursday of the month (except defending champion and at stage one played at Philippines, Sabah and Sarawak gathered in
December). Players meet at the Terrace Bar the SRC, saw TC Team 1 (Min, Sapinah, David & November 2009 at the Sabah Golf & Country
at around 7pm for drinks, followed by six Sethu) carrying on the good form. Club, Kota Kinabalu.
games of Balut in the Cards Room. The players
with the highest scores will walk away with However, at the finals, played at the TC with The efforts of the hosts when visiting East
monthly prizes. The section membership level a sellout crowd of 76 players, we had to Malaysia are just out of this world - with
remains steady and the section organised entrust the year’s championship to The Indian golf, sightseeing, fellowship, camaraderie,
20 competitions during the year including Association with TC Team 1 in third place out of sumptuous meals and of course not least the
excursions to Bangkok, Thailand and Kota the 20 teams that participated. Balut.
Kinabalu, Sabah, West Malaysia.
POT GAMES VS SCC The Tanglin Club did well. We had two teams
CLUB CHAMPIONSHIP We repeated last year’s success at the POT participating and our TC Team 2 (Kristian
The Club Championship for the year is selected Games and retained the cup with very close Bonnichsen, Huned & Fahmida Hassanbhai and
on the total of each player’s best six games scores. As usual, it was a team effort, with Bansi guest player Rena) came in as runner-up, just
out of a total of 11 games played. Again this and Shirley Lim performing exceptionally bright 67 point shy of the new champions - the British
year, the competition went to the wire and for the Tanglin Club. Club Bangkok - where the 2010 event will be
the last throw decided the championship and a hosted.
new name to be engraved onto the Peter Bird EMPIRE CUP VS BRITISH CLUB
Trophy. The fourth of July 2009, may have been the In closing, sincere thanks to the Balut Section
turning point in our annual Balut endeavours members, sub-committee members Sapinah
The accumulated top scorers were: against the Singapore British Club. Since this Hughes and Nina Menon, together with the S&R
Sethuraman Ganesan (Champion 2009) - cup was inaugurated five years ago, Tanglin and F&B staff for their diligent support during
3715/619 Club has always come out short. Eighteen the year.
Lillian Lee (Runner-up) - 3704/617 determined Tanglin Club players gathered
David Hughes - 3664/611 at the British Club and we won with a clear Kristian Bonnichsen
Huned Hassanbhai - 3601/600 (ocb) margin of more than 100 points, with a special Scribe
Fatema Sadiq - 3597/600 mentioning of Raj Sundarason, Else Stokkmo
Min Kemeny - 3573/596 and David Hughes.
BILLIARDS
BRIDGE
SUB-COMMITTEE It was a successful event and we plan to do with the most number of masterpoints.
Rohini Arya (Convenor) another overseas trip this year.
Howard Haythornthwaite The Year of the Tiger was welcomed in with a
Sherna Danani The Wine & Tapas Evening was held in August. special “Ang Pow” game followed by high tea.
Grace Yeh It was a refreshing change from the usual Dim sum and noodles were much appreciated by
Shyamala Kanagasundaram duplicate games that are played at every all the players and almost every pair went home
Lily Lim session, in that it was a team event with six with a red packet.
Deepa Gupta teams of four members to a team competing
Norma Keith against each other. Thanks to Howard for this I would like to take this opportunity to thank all
Esther Ling great idea. the Bridge Sub-Committee members for their
Bansi Sethuraman untiring and invaluable help and support over
In September, we bid farewell to Claire Quinn the last year. And on behalf of the Bridge Sub-
The Bridge Section had another event-filled - a familiar name in the Bridge group - having Committee, thanks to all the S&R staff, as well
great year, with attendance reaching record been convenor for over ten years and actively as the F&B staff, who have all been amazing and
numbers. These high numbers held steady, even promoted the game of Bridge at The Tanglin with whose help Bridge at the Club has been an
through the traditionally slow summer period Club. enjoyable experience.
as well as over Christmas and New Year. To
deal with the growing popularity of the game The Diwali High Tea was held at the Raffles Rohini Arya
at the Club, we have expanded the Bridge Sub- Room on 12 October, where again we had 15 Bridge Convenor
Committee to ten members, six of whom joined full tables of Bridge. The special Indian menu,
during the year. Bollywood dance item and an Indian song by the
members made this a very enjoyable afternoon.
We started last season with the Spring Surprise
Tea & Game in April. This was followed in June November witnessed the Annual Club
by our ever-popular summer lunch for the Championship, where 30 Club members
Bridge community held at the Raffles Room, participated. It started with lunch at the Tavern
followed by an afternoon game comprising of 30 followed by the pairs championship game.
pairs playing a ‘Michelin’ movement. Rohini Arya and Rupa Natarajan emerged as
winners of this event.
The year witnessed two firsts for the Bridge
Section - an overseas trip to Bangkok and a Wine The Christmas Lunch & Game was again very
& Tapas Evening at the Club. well-attended with traditional turkeys, carols
and a Bridge quiz adding to the festivities. This is
The trip to Bangkok happened in July where The the time when prizes are awarded to the session
Tanglin Club members competed against the winners and to the overall Club Champion. Once
Royal Bangkok Sports Club and the Polo Club. again, this year’s trophy went to Rohini Arya
FITNESS
2009 has been a year of change for our Sports membership which has increased in recent control to use music to suit their participants’
& Recreation Department - finding the right months from 110 to 145. skills by altering the speed of music. This is an
balance between catering to members’ needs, important consideration in a professional studio.
and operating a functional and efficient gym PERSONAL TRAINING
with a viable programme. An article about our fitness team in the latest MAINTENANCE
issue of the Club magazine presented our There has been a steady improvement in the
Our new Sports & Recreation Manager, Ennie current Physical Training (PT) team, consisting upkeep and cleanliness of the studios. The
Toh and Gym Manager, Arziz Kamsani have of eight personal trainers including our new installation of a permanent sanitizer/hand towel
worked together to address various areas of Gym Supervisor, Bala. Personal training is still unit encourages all participants to adhere to
need in the gym. in its early stages at The Tanglin Club. The gym basic hygiene requirements before and after
management is developing PT packages to using gym equipment.
PROGRAMMING attract a larger demographic to exercise with a
The classes on offer have increased qualified personal trainer. SOCIAL ENVIRONMENT
considerably, from 35 to 45 on our weekly Bringing fitness events to the members will be
timetable with a greater variety. From Pilates New options for the deconditioned, pre/post part of our next set of goals. Talks, workshops,
to Dance Classes to special 15-minute, free- natal and the elderly are areas which Arziz is fun classes and charity events, contribute to
of-charge sessions, where all members can currently considering. Free fitness assessments a healthy lifestyle with a fun element. Fitness
experience a group exercise setting and improve can be arranged with the Management. All professionals work together in the Club to
their core strength. personal trainers have been issued with create an interesting and tempting fitness
uniforms and staff badges improving the feast for participants to consider joining. Late
All exercise to music classes have grown in professional look of our team in compliance with last year, events such as “Pink Ribbon, Spin
popularity. Specialty classes have been added to the Tanglin Club standards. for Life” successfully brought Tanglin Club
create a fun social atmosphere and encourage members together for a good cause. The gym
newcomers to participate. EQUIPMENT management looks forward to proposing a host
Members have welcomed a fresh addition to of events in 2010.
The Ultimate Fitness Feast Card encompasses equipment. New Yoga blocks, yoga straps, yoga
all group classes as well as water-based fitness mats and resistance tubing are adding a new REFINING OUR PRODUCT.
classes. It has been a key element in attracting face to traditional classes. Soon, there will be We will spend 2010 carefully listening to
Aqua participants to try land-based exercises, an addition to the number of Spinning bicycles, our members and doing our best to provide
using the fitness facilities as well as joining any allowing more members to participate during them with a Fitness centre and management
class on the timetable. peak hour classes. whose primary role is to bring solutions to
their concerns, consider their suggestions for
This has led to an increased interest in gym We have also seen a clear improvement on the improvement and excel in delivering a high
usage and attendance - from 130 to 140 sound equipment with the introduction of ‘pitch quality health and wellness facility.
members on a daily basis, as well as the UFF control’ in Studio 1, giving the instructors more
GOLF
SUB-COMMITTEE Two “Home & Away” matches against The The final word has to be for your Golf Section
Chris Claridge (Convenor) American Club in the Ryder Cup series resulted Sub-Committee, a group of keen golfers who
Yeo Swee Tuan in the trophy now sitting in The Tanglin Club’s give up their personal time to ensure The
Alex Eow Yoke Kee cabinet and other clubs which played (but with Tanglin Club and its members have a full and
Alban Kang less to celebrate) included Changi Beach Club, vibrant annual Golf calendar – Alban Kang
Eugene Lim Singapore Cricket Club and SAFRA. (Convenor Mentor), Alex Eow, David James,
Gopal Banerji Eugene Lim, Gopal Banerji, Jurgen Martiens,
Ranjan Ramchandani Within the Club, we played against Fitness, Ranjan Ramchandani, ST Yeo (Captain) and yours
David James Lawn Bowls, Squash and Tennis and the Young truly, Chris Claridge (Convenor).
Jurgen Martiens Swingers programme was launched to give
members’ children and grandchildren an Chris Claridge
Under the Convenorship of first Alban Kang, introduction to the ancient game. Golf Convenor
then Chris Claridge and the newly-appointed
Captain ST Yeo, the 2009 Golfing year was the All of the above activity is funded by members
busiest ever for the 300 or so Tanglin Club of the Golf Section, each paying $60 a year
members who subscribe to the Tanglin Club Golf to the Section Fund with a Club top-up. This
Section. year, we were able to enhance the Golf Section
activities with a generous sponsorship from
Multiple opportunities to play some great Barclays Capital.
courses in great competitions against great
clubs, with great camaraderie - and always Thanks to Barclays Capital, we were able
followed by great refreshments. to award The Blue Jacket to the new Club
Champion Gopal Banerji, give away multiple
Members played Jurong, Keppel, Laguna, Orchid, blue shirts and caps, enhance the Annual
Raffles, Seletar, SICC, Tanah Merah and Warren. Championship and Captain’s Cup dinners, deliver
the Young Swingers programme and, perhaps
Members turned out in record numbers for most importantly, deliver on the promise that
the major competitions with 126 at The Annual at least 10% of our Golf Section members have
Championship and 90 for the Captain’s Cup. The the opportunity to play each month and all Golf
Annual Christmas Bash & Turkey Dinner was also Section members have the chance to play in at
a huge success. least one of the major events.
LAWN BOWLS
SUB-COMMITTEE players for each championship and it is pleasing other on an equal basis and importantly meeting
Rodger Kimpton (Convenor) to be able to report that this was achieved in other members of the Club in the social contact
John Child most instances. To maintain levels of interest which follows the fixture.
Devi Hodgkinson and involvement, all entrants to championship
Derek Hodgkinson competitions are guaranteed at least two INTER-PORT WITH THE ROYAL BANGKOK
Virginia Longfellow games; the first in the competition proper, and SPORTS CLUB
Ganesan Sethuraman for the losers in the first round progression to This fixture was played at the Polo Club venue
Steve Wright the first round of the Plate. in Bangkok over the first weekend of May and
in spite of a few local political difficulties which
DEVELOPMENT Lawn Bowls team games continued to be very were prevalent at the time, a very successful
The breadth of our playing activity was popular as shown by full entry lists to all doubles visit was enjoyed by all participants. Regrettably,
enhanced by the introduction of a Triples competitions. RBSC retained the trophy but we have great
competition, which was well-supported and expectations for our next meeting here in
has now become a favourite format. It is RESULTS OF THE 2009 CHAMPIONSHIPS Singapore later this year.
intended, in due course, to extend the Section Singles
Championships by the inclusion of this discipline Steve Wright Trophy LAWN BOWLS LEAGUE
on a permanent basis. We are also considering Winner: Rodger Kimpton There were ten teams entered in the Pairs Inter-
the introduction of handicap competitions. First Runner-up: Zoher Motiwallah Club League, which was hosted by The Tanglin
Apart from the Annual Inter-Section Bowls Second Runner-up: Virginia Longfellow Club. We took the first and second places with
Challenge, the Squash Section fielded a team Singles Plate points tallies of 27 and 25 respectively. The
for an Inter-Section match which proved a great Winner: Richard Coventry competition was played over a nine-week period
success. Clearly more of these events will help Runner-up: Sethuraman Ganesan with all games played on our green. A similar
extend members enjoyment of Lawn Bowls and Draw Pairs league will take place in the current year.
the popularity of our world-class bowling green Winners: Rodger Kimpton and Bob Gunning
as a centre of sporting recreation in the Club. Runners-up: Virginia Longfellow and Anthony COACHING
The bowling green is also available as a venue Rawlinson In addition to the ongoing personal coaching
for members to hold their private or corporate Drawn Pairs Plate which is available to all Club members, we
staff social functions. Winners: Lee Wah and Huned Hassanbhai were able to run two coaching clinics during
Runners-up: Fatema Sadiq and John Child the year through the generosity of visiting
Lawn bowls organisations in Australia have Open Pairs coaches sharing their time and experience with
become aware of our facility which has lead Winners: Zoher Motiwallah and Sethuraman our bowlers. Nearly 50 players took part in the
to requests to arrange friendly games during Ganesan various clinics and they saw a big improvement
2010/2011. This follows a very successful visit Runners-up: Lee Wah and Richard Coventry to their technique and game. More coaching
by an initial group of Australian bowlers in June. Open Pairs Plate clinics will be conducted during 2010.
Another international friendly match during Winners: Devi and Derek Hodgkinson
July, was by a team representing the Hong Kong Runners-up: Fatima and Zoeb Sadiq The section purchased DVDs of many of the
Police Bowling Association. We will be hosting Novices (Ladies) best international matches played in Australia
matches with many teams visiting Singapore Winner: Val Reeves in 2009 and these will be screened each week
this year. Section member strength has grown Runner-up: Bansi Sethuraman at Tangles, watching the top players in the
slightly during 2009 in spite of successfully Novices (Gentlemen) world compete is a great way to understand the
recruiting many new players. Unfortunately, Winner: Ted Hartland strategy of bowls match play.
the additions were offset by losses due to Runner-up: John Wright
membership departures from Singapore during CONCLUSION
the economic crisis but we continue to draw NATIONAL CHAMPIONSHIP Progress was made in 2009 but there is no
attention of members to the opportunity We entered a team in the Mens’ Triples room for complacency and we acknowledge
Lawn Bowls provides for sporting and social National Championship which was played on that there is scope for a great deal more to be
interaction. a “knockout” basis at the Kallang green. Good achieved both in terms of enhancing our facility
experience of two bowl play was acquired by and promoting our presence. Our priority in
Insofar as the green is concerned, work still our team before losing in the quarter final. the immediate future, must be to increase our
needs to be done to ensure that the Club’s section membership numbers and build up the
investment is well protected. It is hoped that LAWN BOWLS INTER-SECTION matchplay experience of our existing bowlers.
in the coming year an appropriate heavy roller CHALLENGE SHIELD
will be acquired, sprinklers commissioned and The dedicated trophy for this event, contributed We are grateful for the persistent help we have
proper and regular maintenance of the green to the Tanglin Club by former president received from the Sports & Recreation staff
and its surrounds, as well as the Club owned Mr. E. Henton was won in 2009 by the Squash without which our committee would have been
equipment, will be forthcoming. Shades around Section (Team 2) with Bridge being the runner- hard pressed to make maximum use of the first
the banks of the green are soon to be installed up. Most Sport & Recreation Sections entered class sporting facility which we now have.
which will provide protection from the sun and teams, although disappointingly there were
rain. notable exceptions. We shall do our best to Rodger Kimpton
rectify this in the current year because there are Lawn Bowls Convenor
2009 CHAMPIONSHIPS few opportunities in the sporting calendar for
Our aim is to ensure a minimum entry of 32 all sections to take part in a game against each
SCUBA
SUB-COMMITTEE had the pleasure of welcoming Eric Leong, a Section, one of our members was taken away.
Chu Hui Wen (Convenor) semi-professional photographer who has been Dr Marcus Lim was an extremely enthusiastic
Jonathan Quek (Secretary) published in numerous magazines, back to the and energetic diver who joined us as a qualified
Faris Alsagoff (Diving Officer) Club for another presentation of his stunning and experienced diver. With such energy, he
Helena Chu (Treasurer) photographs. Eric generously shared tips and was soon invited to join the Scuba Section
Derek Quek stories on diving and underwater photography, Sub-Committee and spurred us on with creative
Grace Wong making it a very enjoyable evening. ideas to reach out to divers and non-divers in
Tan Lee Leng the Tanglin Club - by way of articles and photos
Leong Yut Wah May brought 17 Scuba Section members and in the Club magazine, underwater pictures for
Dr Marcus Lim friends to the Tubbataha Reef in the Philippines. the Club’s Swim for Charity event a few years
Len Reutens This is the largest coral atoll and only marine ago, and talks by world-renown underwater
Conor McCoole national park in the Philippines, and has been experts. Marcus’ photographs were award-
a World Heritage Site since 1993. So we were winning, and always eye-catching with a depth
What a year this has been for the Scuba Section, looking forward to some world-class dive sites. and warmth to them. Marcus, you will be sadly
filled with highlights and heartaches. As it turned out, although there were some missed.
interesting sites and fish-life (like manta rays
The year started well with three talks and and schooling baby grey reef sharks), some of Finally, I would like to extend my heartfelt
slideshows from engaging speakers who were the sites were infested with Crown-of-Thorns, thanks to the Scuba Section Sub-Committee,
generous enough to volunteer their time, or were recovering from obvious underwater who have been a cohesive team, working hard
opening the eyes of Tanglin Club members bombing previously. The only really memorable throughout the year to keep the diving flame
and our Scuba Section members. We started sight underwater was a 3-metre tiger shark that burning. Their enthusiasm and passion for diving
first with William Tan - not only were his came up close to a few divers. Too bad it was is evidence of the joy that we get from our
beautiful underwater photographs marvelous to such a brief encounter that not everyone saw it. friendship and shared love of diving.
behold, his good-humoured and chatty style of But for those who were close enough... shiver!
presentation made us forget just how difficult Chu Hui Wen
it really is to get good, clear photographs that Other members also went on trips to Lembeh Scuba
cuba Convenor
tell a story. Then Derek Potter gave an excellent Straits, the Bahamas, and elsewhere, and
presentation on sunken treasure and maritime returned with tales to tell.
archaeology in Southeast Asia. His fascinating
talk was so popular that every seat in the The Scuba Section happily welcomes new
Raffles Room was occupied, and more than a members to its fold, whether young or not
few people were spotted standing at the back so young, and whether qualified or complete
listening intently. In April, Emery Kristof, who novices. Two babies have been added to our
found and filmed the “Titanic”, spoke to us scuba families this year (with another due in
about underwater videography, and the part April), as well as some young, newly-qualified
he played in inventing and developing different divers who were trained by the Scuba Section’s
video equipment lights and systems for filming instructors. We look forward to seeing all of
the dark depths of the sea. All three speakers them come out on dive trips and social events
were mobbed with questions and thanks, and soon.
we would happily welcome them back for more
inspiring talks in future. Late in the year, we also Sadly, in the midst of the additions to the Scuba
SQUASH
SWIMMING
TENNIS
GENERAL COMMITTEE
In accordance with a resolution of the General Committee and in the opinion of the General Committee, the financial
statements set out on pages 33 to 51 are drawn up so as to present fairly the state of affairs of the Club as at January 31,
2010, and the results, changes in funds and cash flows for the financial year then ended, and at the date of this statement,
there are reasonable grounds to believe that the Club will be able to pay its debts when they fall due.
We have audited the financial statements of The Tanglin Club (the “Club”) which comprise the statement of financial position
as at January 31, 2010, the statement of comprehensive income, statement of changes in funds and statement of cash flows
for the year then ended, and a summary of significant accounting policies and other explanatory notes, as set out on pages 33
to 51.
AUDITORS’ RESPONSIBILITY
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in
accordance with Singapore Standards on Auditing. Those standards require that we comply with ethical requirements
and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material
misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial
statements. The procedures selected depend on the auditor’s judgement, including the assessment of the risks of material
misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor
considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies
used and the reasonableness of accounting estimates made by the General Committee, as well as evaluating the overall
presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion.
OPINION
In our opinion, the financial statements of the Club are properly drawn up in accordance with Singapore Financial Reporting
Standards so as to give a true and fair view of the state of affairs of the Club as at January 31, 2010 and of the results, changes
in funds and cash flows of the Club for the year then ended.
Current assets
Cash and bank balances 5 14,320,591 9,923,710
Members’ accounts 6 4,955,737 5,218,286
Other receivables 7 898,858 669,562
Inventories 8 255,535 251,236
Total current assets 20,430,721 16,062,794
Non-current assets
Property, plant and equipment 9 35,752,528 37,310,787
Held-to-maturity investments 10 10,307,297 10,495,244
Total non-current assets 46,059,825 47,806,031
LIABILITIES
Current liabilities
Trade and other payables 11 4,474,204 5,412,169
Members’ advance payments and deposits 12 1,296,209 1,273,876
Subscription charged in advance 1,103,907 1,041,867
Income tax payable 207,000 122,682
Total current liabilities 7,081,320 7,850,594
35
FINANCIAL STATEMENTS
Investing activities
Purchase of property, plant and equipment (588,595) (6,631,479)
Proceeds from disposal of property, plant and equipment 43,035 28,925
Interest received 543,382 642,240
Net cash used in investing activities (2,178) (5,960,314)
Note A
1 GENERAL
The Club is registered under the Societies Act with its principal place of business and registered office at 5 Stevens
Road, Singapore 257814. The financial statements are expressed in Singapore dollars.
The principal activities of the Club are to provide social and recreational amenities for its members.
The financial statements of the Club for the year ended January 31, 2010 were authorised for issue by the
General Committee on March 12, 2010.
BASIS OF ACCOUNTING - The financial statements have been prepared in accordance with the historical cost
basis, except as disclosed in the accounting policies below, and are drawn up in accordance with the Singapore
Financial Reporting Standards (“FRS”).
ADOPTION OF NEW AND REVISED STANDARDS - In the current financial year, the Club has adopted all the new and
revised FRSs and Interpretations of FRS (“INT FRSs”) that are relevant to its operations and effective for annual
periods beginning on or after February 1, 2009. The adoption of these new/revised FRSs and INT FRSs does not
result in changes to the Club’s accounting policies and has no material effect on the amounts reported for the
current and prior years except as disclosed below.
FRS 1 (2008) has introduced terminology changes (including revised titles for the financial statements) and changes
in the format and content of the financial statements. In addition, the revised standard requires the presentation
of a third statement of financial position at the beginning of the earliest comparative period presented if the entity
applies new accounting policies retrospectively or makes retrospective restatements or reclassifies items in the
financial statements.
At the date of authorisation of these financial statements, the General Committee of the Club anticipates that the
adoption of the other FRSs, INT FRSs and amendments to FRS that were issued but effective only in future periods
will not have a material impact on the financial statements of the Club in the period of their initial adoption.
FINANCIAL INSTRUMENTS - Financial assets and financial liabilities are recognised on the Club’s statement of
financial position when the Club becomes a party to the contractual provisions of the instrument.
Financial assets
Investments are recognised and de-recognised on a trade date where the purchase or sale of an investment is under
a contract whose terms require delivery of the investment within the timeframe established by the market
concerned, and are initially measured at fair value, net of transaction costs except for those financial assets
classified as at fair value through profit or loss which are initially measured at fair value.
Other financial assets are classified into the following specified categories: financial assets “at fair value through
profit or loss”, “held-to-maturity investments”, and “loans and receivables”. The classification depends on the
nature and purpose of financial assets and is determined at the time of initial recognition.
Held-to-maturity investments
Bonds with fixed or determinable payments and fixed maturity dates where the Club has a positive intent and
ability to hold to maturity are classified as held-to-maturity investments. Held-to-maturity investments are
recorded at amortised cost using the effective interest method less impairment, with revenue recognised on an
effective yield basis.
For certain categories of financial assets, such as trade receivables, assets that are assessed not to be impaired
individually are, in addition, assessed for impairment on a collective basis. Objective evidence of impairment for
a portfolio of receivables could include the Club’s past experience of collecting payments, an increase in the number
of delayed payments in the portfolio past the average credit period of 45 days, as well as observable changes in
national or local economic conditions that correlate with default on receivables.
For financial assets carried at amortised cost, the amount of the impairment is the difference between the asset’s
carrying amount and the present value of estimated future cash flows, discounted at the original effective interest
rate.
The carrying amount of the financial asset is reduced by the impairment loss directly for all financial assets with
the exception of receivables where the carrying amount is reduced through the use of an allowance account. When
a receivable is uncollectible, it is written off against the allowance account. Subsequent recoveries of amounts
previously written off are credited against the allowance account. Changes in the carrying amount of the allowance
account are recognised in profit or loss.
Financial liabilities
Financial liabilities are recognised when the Club becomes a party to the contractual agreements of the instrument.
The Club’s financial liabilities include members’ deposits and trade and other payables.
Payables, which represent the fair value of consideration for goods and services to be paid in the future, whether
or not billed to the Club, are recognised initially at their fair value and subsequently measured at amortised cost,
using the effective interest method, except for short-term payables, where the recognition of interest would be
immaterial.
INVENTORIES - Inventories are stated at the lower of cost and net realisable value. Cost is calculated using the first
in first out basis. Net realisable value represents the estimated selling price less all estimated costs of completion
and costs to be incurred in marketing, selling and distribution. Inventories comprise of mainly beverages and food
stuff.
LEASES - Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks
and rewards of ownership to the lessee. All other leases are classified as operating leases.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a
liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis,
except where another systematic basis is more representative of the time pattern in which economic benefits from
the leased asset are consumed.
PROPERTY, PLANT AND EQUIPMENT - Property, plant and equipment are stated at cost less accumulated
depreciation and any accumulated impairment losses.
The initial cost of property, plant and equipment comprises its purchase price, including import duties and non-
refundable purchase taxes and any directly attributable costs of bringing the asset to its working condition and
location for its intended use. Any trade discounts and rebates are deducted in arriving at the purchase price.
Dismantlement, removal or restoration costs are included as part of the cost of property, plant and equipment if the
obligation for dismantlement, removal or restoration is incurred as a consequence of acquiring or using the asset.
Depreciation is computed utilising the straight-line method to write-off the cost of these assets over their estimated
useful lives as follows:
Buildings - 50 years or over the remaining useful lives
Furniture, fixtures and equipment - 3 to 10 years
The estimated useful life and depreciation method are reviewed at each year end to ensure that the method and
period of depreciation are consistent with the expected pattern of economic benefits from fixed assets. The effect
of any changes in estimate is accounted for on a prospective basis.
Construction-in-progress is stated at cost. The accumulated costs will be reclassified to the appropriate property,
plant and equipment account when the construction is substantially completed and the asset is ready for its
intended use.
For acquisitions and disposals during the financial year, depreciation is provided from the month of acquisition to
the month before disposal respectively. Fully depreciated assets still in use are retained in the financial statements.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are
expected from its use or disposal.
The gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales
proceeds and the carrying amounts of the asset and is recognised in profit or loss.
IMPAIRMENT OF ASSETS - At the end of each reporting period, the Club reviews the carrying amounts of its non
financial assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the
Club estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the
estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current
market assessments of the time value of money and the risks specific to the asset.
If the recoverable amount of an asset (cash-generating unit) is estimated to be less than its carrying amount, the
carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in
profit or loss.
Where an impairment loss subsequently reverses, the carrying amount of the asset (cash-generating unit) is
increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not
exceed the carrying amount that would have been determined had no impairment loss been recognised for the
asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant
asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation
increase.
PROVISIONS - Provisions are recognised when the Club has a present obligation (legal or constructive) as a result of
a past event, it is probable that the Club will be required to settle the obligation, and a reliable estimate can be
made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the
obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its
carrying amount is the present value of those cash flows.
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third
party, the receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the
amount of the receivable can be measured reliably.
REVENUE RECOGNITION - Revenue includes bar sales, restaurant sales, revenue from jackpot machines, guest room
rentals, and sports and other revenue.
Revenue is recognised when the significant risks and rewards of ownership have been transferred to the members
and the amount of revenue and the costs of the transaction can be measured reliably. Revenue excludes goods
and services taxes and is arrived at after deduction of trade discounts. No revenue is recognised if there are
significant uncertainties regarding recovery of the consideration due, associated costs or the possible returns of
subscription fees.
40 THE TANGLIN CLUB
FINANCIAL STATEMENTS
Under a Limited Buy-Back Scheme, the Club may buy back the membership from a Life or Ordinary member for
a sum of $10,000 or 50% of the prevailing entrance fee, whichever is greater. With effect from August 1, 2008,
the sum payable has been increased to $15,000 or 50% of the prevailing entrance fee, whichever is greater.
(iv) Interest income from long-term investments is accounted for on a time-apportioned basis.
(v) All other income is recognised as revenue on an accrual basis in profit or loss.
RETIREMENT BENEFIT COSTS - Payments to defined contribution retirement benefit plans are charged as an expense
as they fall due. Payments made to state-managed retirement benefit schemes, such as the Singapore Central
Provident Fund, are dealt with as payments to defined contribution plans where the Club’s obligations under the
plans are equivalent to those arising in a defined contribution retirement benefit plan.
EMPLOYEE LEAVE ENTITLEMENT - Employee entitlements to annual leave are recognised when they accrue to
employees. A provision is made for the estimated liability for annual leave as a result of services rendered by
employees up to the end of the reporting period.
INCOME TAX - Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from surplus as reported in
profit or loss because it excludes items of income or expense that are taxable or deductible in other years and it
further excludes items that are not taxable or tax deductible. The Club’s liability for current tax is calculated using
tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on differences between the carrying amounts of assets and liabilities in the financial
statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using
the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary
differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be
available against which deductible temporary differences can be utilised.
The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the
extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to
be recovered.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the
asset realised. Deferred tax is charged or credited to profit or loss.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets
against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the
Club intends to settle its current tax assets and liabilities on a net basis.
Current and deferred taxes are recognised as an expense or income in the profit or loss.
FOREIGN CURRENCY TRANSACTIONS - The Club’s financial statements are measured and presented in Singapore
dollars, which is the currency of the primary economic environment in which the Club operates (its functional
currency).
In preparing the financial statements of the Club, transactions in currencies other than the Club’s functional
currency are recorded at the rate of exchange prevailing on the date of the transaction. At the end of each reporting
period, monetary items denominated in foreign currencies are retranslated at the rates prevailing at the end of the
reporting period. Non-monetary items carried at fair value that are denominated in foreign currencies are
retranslated at the rates prevailing on the date when the fair value was determined. Non-monetary items that are
measured in terms of historical cost in a foreign currency are not retranslated.
Exchange differences arising on the settlement of monetary items, and on retranslation of monetary items are
included in profit or loss for the period.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised if the revision affects only that period, or in the
period of the revision and future periods if the revision affects both current and future periods.
2010 2009
$ $
Financial liabilities
Amortised cost:
Members’ deposits 1,296,209 1,273,876
Trade and other payables 4,474,204 5,412,169
There has been no significant change to the manner in which it manages and measures the risk.
No sensitivity analysis is prepared as the Club does not expect any material effect on the Club’s profit or loss
arising from the effects of reasonably possible changes to interest rates on interest bearing financial
instruments at the end of the reporting period.
The carrying amount of financial assets recorded in the financial statements represents the Club’s maximum
exposure to credit risk.
Cash and fixed deposits are placed with creditworthy banks and financial institutions which are regulated.
The Club ensures that there are adequate funds to meet all its obligations in a timely and cost-effective
manner.
Bank balances and cash comprise cash held by the Club and short-term bank deposits with an original maturity of 1
month or less. The carrying amounts of these assets approximate their fair values.
Fixed deposits bear average effective interest rate of 0.5% (2009 : 1.5%) per annum and for a tenure of
approximately 90 days (2009 : 90 days).
Bank balances of $222,823 (2009 : $102,357) relate to funds which the Club held as custodian for members from
the various interest groups. The corresponding liability is recorded in trade and other payables (Note 11).
Significant cash and bank balances that are not denominated in the functional currency of the Club are as follows:
2010 2009
$ $
Denominated in:
Great Britain pound 93,893 60,566
6 MEMBERS’ ACCOUNTS
2010 2009
$ $
The average credit period is 45 days (2009 : 45 days). A penalty charge of $50 is payable on overdue balances.
Members’ accounts balance with a carrying amount of $48,502 (2009 : $18,525) are past due but not impaired as
these are recoverable due to their current creditworthiness and past collections history of members.
The Club has fully provided for members’ accounts which are impaired.
7 OTHER RECEIVABLES
2010 2009
$ $
8 INVENTORIES
2010 2009
$ $
Accumulated depreciation:
At February 1, 2008 - 9,041,758 8,841,217 - 17,882,975
Charge for the year - 949,340 1,032,411 - 1,981,751
Disposals - - (253,882) - (253,882)
At January 31, 2009 - 9,991,098 9,619,746 - 19,610,844
Charge for the year - 960,618 1,161,814 - 2,122,432
Disposals - - (80,134) - (80,134)
At January 31, 2010 - 10,951,716 10,701,426 - 21,653,142
Carrying amount:
January 31, 2010:
Cost - 29,309,684 3,929,370 55,474 33,294,528
Valuation* 2,458,000 - - - 2,458,000
2,458,000 29,309,684 3,929,370 55,474 35,752,528
* The freehold land was stated at valuation based on an independent appraisal made in 1970. No regular
revaluation has been performed for the freehold land as the freehold land is exempted from revaluation in
accordance with FRS 16 Property, Plant and Equipment.
10 HELD-TO-MATURITY INVESTMENTS
2010 2009
$ $
The fair value of the quoted bonds is $10,423,000 (2009 : $10,099,000) and are determined using the last
transacted bid prices on the stock exchange on the last day of the financial year.
The quoted bonds have a fixed coupon rate of 5% (2009 : 5%) per annum. The average effective interest rate is 2.8%
to 3.2% (2009 : 2.8% to 3.2%) per annum. Interest income is received on a 6-monthly basis. These quoted bonds
mature in September 2011.
In accordance with Club Rule 2005 Section 46(ii), on dissolution of the Club, any accumulated surplus arising from
Jackpot machines not used for the Club’s normal yearly operating expenses would be distributed to recognised
charitable organisations in Singapore and not be available for distribution to the Club members. The accumulated
special fund represents the accumulated surplus from Jackpot machines.
2010 2009
$ $
In the event of the Club being dissolved, all debts and liabilities legally incurred on behalf of the Club shall be fully
discharged. Thereafter, the Club shall distribute the accumulated surpluses in compliance with the Club Rule
2005 Section 46(ii). The transfer to accumulated special fund represents net jackpot collections of $1,372,020
(2009 : $1,214,865) less related expenses of $427,430 (2009 : $430,266).
The property revaluation reserve represents the excess of a 1970 valuation of the freehold land over its book value
at that date.
16 SPECIAL RESERVE
A special reserve was set up in 2005 financial year by a transfer of $10 million from the accumulated operating
fund as mandated by members at a special general meeting held on March 22, 2004, whereby at any time, the
Club’s special reserve should not fall below $10 million at the commencement and for the duration of each phase
of masterplan development without the membership’s approval of a recovery plan. This reserve is represented by
quoted bonds in Note 10.
Cinema
Cinema and related expenses 303,460 260,607
Jackpot
Complimentary snacks 20,354 19,878
Facilities
Repairs and renewals of building and equipment 768,436 582,328
19 INVESTMENT INCOME
2010 2009
$ $
Domestic income tax is calculated at 17% (2009 : 17%) of the estimated assessable profit for the year.
The total (credit) charge for the year can be reconciled to the accounting surplus as follows:
2010 2009
$ $
Section 11(1) of the Income Tax Act Chapter 134 states that if more than 50% of the Club’s gross takings are from
its members, the Club is exempted from income tax. The income tax expense in 2010 and 2009 relate to the income
tax payable on income received by the Club which is not related to the activities of the Club.
At the end of the reporting period, the Club was committed to making the following lease rental payments under
non-cancellable operating lease for office equipment with a term of:
2010 2009
$ $
Operating lease payments represent rentals payable on the Club’s office equipment. Leases are negotiated for an
average of three years.
The Club rents outs its premises and generated rental income of $151,752 (2009 : $90,042) during the year.
At the end of the reporting period, the Club has contracted with tenant for the following future minimum lease
payments:
2010 2009
$ $
The Club’s lease commitments above are based on the agreed monthly rates. However, based on the terms of the
agreements, the tenant shall pay rental based on the higher of percentage of monthly total revenue or the agreed
monthly rates.
23 SUBSEQUENT EVENT
A special general meeting was held on February 8, 2010 to approve the budget of $3.5 million for upgrading of the
Club’s premises.
Notice is hereby given that the Annual General Meeting of the Members of The Tanglin Club will be held at the
Clubhouse on Monday 26 April 2010 at 6.00 pm.
Business
1. To receive the Report of the Committee on the general affairs of the Club in respect of the
previous year.
2. To receive and approve a Financial Statement made up to the preceding 31st January.
3. To receive an income and capital expenditure budget for the coming year.
6. To approve in accordance with Rule 4(v) expenditure not to exceed $1.6M for a complete Guest Rooms renovation
including its corridors, new energy saving air-condition and M&E works.
7. To approve in accordance with Rule 4(v) expenditure not to exceed $500,000 for Energy Efficiency improvement
works based on Energy Audit recommendation.
8. To consider changes to the Club’s Rules, due notice of which has been given to Members under Rule 2(iii) of
the Rules of the Club.
9. To deal with any other business brought before the meeting in accordance with Rule 33(iii)(a)(f) of the
Rules of the Club.
HERBERT HOFER
General Manager
26 March 2010
NOTE:
Please note that registration will commence at 5pm in the Deli Lounge on 26 April 2010 and will finish at the conclusion of the Annual
General Meeting (‘AGM’). When voting by secret ballot, each member must use the appropriate ballot paper provided at registration.
Voting for the election of a new Committee will commence two hours after the AGM has been declared open and for this purpose ballot
boxes shall remain opened until 0100 hours on 27 April 2010 and shall be reopened at 0900 hours on 27 April 2010 and finally closed at
1800 hours later that evening. Counting of votes shall proceed thereafter.
Where members at the AGM decide to vote on a resolution by secret ballot the opening of the ballot boxes and the counting of the votes
for this purpose shall take place at the AGM and be conducted at the direction of the President or Chairman of the AGM.
Nominations for election to the General Committee must be completed on the prescribed form available from the Reception, and must
be received by the General Manager not later than twenty-one days before the meeting i.e. 6.00 pm, Monday 5 April 2010.
Deadline for receipt of amendments to the proposed rule amendments is 6.00 pm, Monday 19 April 2010.
Deadline for receipt of matters to be discussed under Any Other Business is 6.00 pm, Monday 19 April 2010.
The above Notice of the Annual General Meeting was mailed out to members on Friday 26 March 2010 in accordance with Rule 35(i).