2017 chair & ceo report - aus tkd · 2019-10-12 · chair & ceo report 2017 2 | page...

© Australian Taekwondo Limited 2017 This work is copyright. Apart from users under the Copyright Act 1968, no part of this publication may be reproduced by any process without written permission from Australian Taekwondo Limited.

Annual Report

2017 Chairman’s

and CEO Report

Sports Taekwondo Australia Ltd

T/A Australian Taekwondo Ltd

ACN: 167 216 033

Effective Date: 1 October 2017

Chair & CEO Report 2017 1 | P a g e

Chairman’s & CEO’s Report to accompany the Financial Statements for the 2017 Financial Year

Chairman’s Statement This is my final report to Australian Taekwondo (AT) as Chair and a Director of the organisation. My tenure comes to an end at this AGM. I am incredibly proud of what the organisation has achieved since my appointment in September 2014. We now have recognised State organisations, a 50% increase in membership, a sport in the Olympic an Paralympic Games, two Poomsae World Champions, multiple international medallists, and the highlight has to be a return to Australian Sports Commission funding. None of this could have been achieved without the support of the members, volunteers, State Boards, AT Executive, and my fellow Board members. So please accept my heartfelt thanks.

A special thanks must also go to Anne Austin, one of our appointed Directors who is also standing down at this AGM. Anne’s wise counsel and experience in change management has been invaluable in getting AT to this juncture. Thank you for all of the time and effort that you have poured into AT.

Summary The 2017 Financial Year has been a continuation of the good governance foundations that were established in 2016. The return to Australian Sports Commission funding for High Performance and participation has to be the highlight of the period. This has allowed us to recruit a World-renowned Coaching Director, Karim Dighou and we are in the process of recruiting a participation manager.

The establishment of recognised State Associations in all of our States and Territories means that AT can continue to move forwards as a unified organisation to improve Taekwondo in Australia.

Financial Statements We are pleased to report that AT has made a small surplus in 2017 and remains solvent with a healthy cash balance.

The transparency of the reporting is much improved, and this has allowed my fellow Board members and I to make decisions knowing that we have good quality financial information.

While AT is a financially stable situation, it is still being run with very lean operations in order to rebuild the reserves for future activity.

State Mergers It is with great pleasure that today we can sit here and say that our full complement of eight State Members have now undergone their initial AGM’s and are starting to adopt their new names and logos. This is not to say that there is not still work to be done. AT has been assisting some states to develop their strategic plans and rebuild their relationships with the State Departments of Sport and Recreation.

I would like to take this opportunity to thank all of our voluntary State Board members.

The Membership I am pleased to report that we have had a steady uptake of membership this year and we are currently almost at 14,000 members, which is a 23% increase on 2016. However, this represents only a small portion of the Taekwondo participants in Australia and through activities from our strategic plan, and with your continuing support I look forward to seeing this number grow year on year.

Education It is very pleasing to see our number of accredited Kyorugi Referees growing. This is thanks to the work of the National Kyorugi Referee Committee. We are also in the pilot phase of the Kyorugi


Coaching accreditation and development of the Poomsae education curricula. At AT we maintain committed to providing modern, best practice education that is easily accessible to all.

In September 2017 AT hosted the inaugural Kukkiwon Instructors and Examiners course in Oceania. As well as Australian participants we attracted participants from Malaysia, Singapore and New Zealand.

2017 Senior World Championships At the end of June our Senior Kyorugi athletes went to Korea to contest the 2017 World Championships. The Team was a mix of experienced and developing athletes. The team achieved a top 16 result, seven athletes in the top 32 and 8 in the top 64. A full team list can be found in Annexure A.

2017 Universiade In August the team that we nominated to Australian University Sport went to Chinese Taipei to contest the 2017 Universiade. This is a multi sport event so it was a great opportunity for our athletes to meet and learn from athletes from other sports. It was extremely pleasing to see Bailey Lewis bring home a bronze medal in the M-54kg division. A full team list can be found in Annexure B

2017 Asian Indoor and Martial Arts Games 2017 sees the first year that the Australian Olympic Committee has sent a team to the Asian Martial Arts and Indoor games. AT has nominated a small team to the AOC, three males and three females. Two of our female athletes, Keshena Waterford and Ruth Hock, were the first Australian’s to win medals at this historic event.

See Annexure C for the team

2017 Cadet Team In June 2017 AT held selections for the Australian Cadet Team. The cadets did not contest the 2017 World Cadet Championships as the Government had severe warnings regarding travel to Egypt. The cadets will be contesting the Croatian open later in the year.

Finally I would like to thank all of the volunteers who contribute to Taekwondo. Without your time and effort we would not be able to carry out all of the activities that we do.

Joelie Chisholm John Walker AM

CEO Chair

1 October 2017


Annexure A 2017 World Championships Team

Division Weight Category Athlete Club State Result

Female Under 46kg Juliet Contreras Impact Martial Arts ACT R32 Under 49kg Keshena Waterford Impact Martial Arts ACT R32 Under 53kg Kyah English Melbourne Taekwondo Centre Vic R32 Under 57kg Carmen Marton Melbourne Taekwondo Centre Vic R32 Under 62kg Mia Italiano Melbourne Taekwondo Centre Vic R64 Under 67kg Ruth Hock Adelaide Taekwondo Academy SA R32 Under 73kg Emily Stellino Global Martial Arts NSW R64 Over 73kg Chelsea Hobday Tans Taekwondo Qld R32 Male Under 54kg Bailey Lewis City West Taekwondo Vic R32 Under 58kg Safwan Khalil Global Martial Arts NSW R16 Under 63kg Damon Cavey Whiteway's Taekwondo SA R64 Under 68kg Thomas Afoczenko Melbourne Taekwondo Centre Vic R64 Under 74kg Hayder Shkara Global Martial Arts NSW R64 Under 80kg Ghassan Moufarrej Olympic Taekwondo Vic R64 Under 87kg Daniel Safstrom Team Taekwondo Vic R32 Over 87kg Jaxon Simmonds Adelaide Taekwondo Academy SA R64 Staff Head of Team Hassan Iskandar Team Manager John Gradisar Team Manager Joelie Chisholm Head Coach Danny Crkvencic Coach Alf Dell'orso Coach Frank De Pasquale Coach Andrew Rozinszky Physiotherapist Sara Guevara WTF appointed International Referees Jenny Crutchett Ali Rihimi Delegate to WTF General Assembly Raff Di Renzo


Annexure B 2017 Universiade Team Division Athlete Club University Female Sparring Under 49kg Keshena Waterford Impact Martial Arts Canberra Institute of Technology Under 57kg Catherine Risbey Impact Martial Arts Australian National University Under 62kg Stephanie Freeman Impact Martial Arts Australian National University FUnder 67kg Lorna Munro Impact Martial Arts University of Canberra Male Sparring Under 54kg Bailey Lewis City West Taekwondo University of Victoria Under 58kg William Afonczenko MTC Knox Taekwondo Australian Catholic University Under 63kg Thomas Auger Global Martial Arts Flinders University Under 68kg Thomas Afonczenko MTC Knox Taekwondo Australian Catholic University Under 74kg Jack Marton MTC Knox Taekwondo Curtin University

Over 87kg Adam Meyers Professional Taekwondo Swinburne University of Technology

Poomase Female Individual Katarina Pavkovic Impact Martial Arts University of Canberra Male Individual Tran Phong Hanmu Taekwondo University of Victoria

Mixed Pairs Katarina Pavkovic Kyle Knowles

Impact Martial Arts Impact Martial Arts

University of Canberra University of Canberra

Sparring Coaches Danny Crkvencic Alex Sootho Joon No Poomsae Coach (Amy) Yukyung Song


Annexure C 2017 Universiade

Division Weight Category Athlete Club State

Female Under 46kg Deanna Kyriazopoulos Global Martial Arts NSW Under 49kg Keshena Waterford Impact Martial Arts ACT Under 67kg Ruth Hock Adelaide Taekwondo Academy SA Male Under 63kg William Afonczenko Melbourne Taekwondo Centre VIC Under 80kg Cameron Taylor San Taekwondo QLD Over 87kg Adam Meyers Professional Taekwondo VIC Coaches Danny Crkvencic ACT Shane Whiteway SA

ICACCOUNTANTS AUDITORS & ADVISORS

Level I. 100 Hutt StreetAdelaide SA 5000

Australia

AUDITOR'S INDEPENDENCE DECLARATION

To THE DIRECTORS OF TKD SPORTS TAEKwoNDO AUSTRALIA LTD

TKD SPORTS TAEKWONDO AUSTRALIA LTD

ABN 691672, .6033

Tel: 0881792800

Fax 0881792885

WWW. pitcher. comauenquiries@pitcher's acorn au

Pitcher Partners 15 an association of Independent firmsAdelaide I Brisbane I Melbourne I Newcastle I Perth I Sydney

In relation to the independent audit for the year ended 30 June 2017, to the best of myknowledge and belief there have been:

(i) No contraventions of the auditor independence requirements of the Coinorotions Act 2001;and

AT

(ii) No contraventions of any applicable code of professional conduct.

Postal Address

PO Box 7006, Hutt StreetAdelaide SA 5001

Australia

R, S

A P Faulkner

Principal

Date: 3 October 2017

Pitcher Partners SA Pty Ltd ABN 36/1221973SLiability limited by a scheme approved under Professional Standards Legislation

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Adelaide

atip d Innb. I

BAKER TILLYINTE RNATIO NAL

Offices throughoLit the wo in

TCACCOUNTANTS AUDITORS & ADVISORS

Level1.100 Hutt StreetAdelaide SA 5000

Australia

Opinion

We have audited the financial report of TKD Sports Taekwondo Australia Ltd "the Company" whichcomprises the statement of financial position as at 30 June 2017, the statement of profit or loss andother comprehensive income, statement of changes in equity and statement of cash flows for the yearthen ended, and notes to the financial statements, including a summary of significant accountingpolicies, and the directors' declaration.


ABN 69,67216033

Tel. 0881792800

Fax: 0881792885

WWW pitcher. comauenquiries@pitchersa. coin au

Pitcher Partners Is an association of Independent firmsAdelaide I Brisbane I Melbourne I Newcastle I Perth I Sydney

INDEPENDENT AUDITOR'S REPORT

To THE MEMBERS OF


In our opinion, the accompanying financial report of TKD Sports Taekwondo Australia Ltd, is inaccordance with the Coinorotions Act 2001, including:

ER

Postal Address

PO Box 7006, Hutt StreetAdelaide SA 5001

Australia

(a) giving a true and fair view of the Company's financial position as at 30 June 201.7 and of Itsfinancial performance for the year then ended; and

(b)

BOSis for Opinion

complying with Australian Accounting Standards - Reduced Disclosure Requirements and theCoinorotions Regulotions 2001.

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities underthose standards are further described in the Auditor's Responsibilities for the Audit of the FinancialReport section of our report. We are independent of the Company in accordance with the auditorindependence requirements of the Coinorotions Act 2001 and the ethical requirements of theAccounting Professional and Ethical Standards Board's APES 1.10 Code of Ethics for ProfessionalAccountants "the Code" that are relevant to our audit of the financial report in Australia We have alsofulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour opinion.

Pitcher Partners SA Pty Ltd ABN 36/12219735Liability limited by a scheme approved under Professional Standards Legislation =,

,p d Innb I

BAKER TILLYINTE RNATIO NAL

Offices throughoiit tile world

Other informotion

The directors are responsible for the other information. The other information comprises the DirectorsReport which was obtained as at the date of our audit report, and any additional other informationincluded in the Company's annual report for the Year ended 30 June 2017, but does not include thefinancial report and our auditor's report thereon. Our opinion on the financial report does not cover theother information and accordingly we do not express any form of assurance conclusion thereon.


ABN 69,672,6033


To THE MEMBERS OF


In connection with our audit of the financial report, our responsibility is to read the other informationidentified above and, in doing so, consider whether the other information is material Iy inconsistent withthe financial report or our knowledge obtained in the audit or otherwise appears to be materialIymisstated. If, based on the work we have performed, we conclude that there is a material misstatementof this other information, we are required to report that fact. We have nothing to report in this regard.

When we read the other information not Yet received as identified above, if we conclude that there is amaterial misstatement therein, we are required to communicate the matter to the directors and use ourprofessional judgment to determine the appropriate action to take.

PITCHER PARTNERS

Responsihilities of the Directorsfor the Finonciol Report

The directors of the Company are responsible for the preparation of the financial report that gives a trueand fair view in accordance with Australian Accounting Standards - Reduced Disclosure Requirementsand the Coinorotions Act 2001 and for such internal control as the directors determine is necessary toenable the preparation of the financial report that gives a true and fair view and is free from materialmisstatement, whether due to fraud or error.

In preparing the financial report, the directors are responsible for assessing the Company's ability tocontinue as a going concern, disclosing, as applicable, matters related to going concern and using thegoing concern basis of accounting unless the directors either intend to liquidate the Company or tocease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the FinonciolReport

Our objectives are to obtain reasonable assurance about whether the financial report as a whole is freefrom material misstatement, whether due to fraud or error, and to issue an auditor's report thatincludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that anaudit conducted in accordance with the Australian Auditing Standards will always detect a materialmisstatement when it exists. Misstatements can arise from fraud or error and are considered material if,individually or in the aggregate, they could reasonably be expected to influence the economic decisionsof users taken on the basis of this financial report.

As part of an audit in accordance with the Australian Auditing Standards, we exercise professionaljudgement and maintain professional scepticism throughout the audit. We also:


ABN 69,67216033


To THE MEMBERS OF


Identify and assess the risks of material misstatement of the financial report, whether due tofraud or error, design and perform audit procedures responsive to those risks, and obtain auditevidence that is sufficient and appropriate to provide a basis for our opinion. The risk of notdetecting a material misstatement resulting from fraud is higher than for one resulting fromerror, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or theoverride of internal control.

Obtain an understanding of internal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose of expressing anopinion on the effectiveness of the Company's internal control.

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Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by the directors'

PITCHER PARTNERS

Conclude on the appropriateness of the directors' use of the going concern basis of accountingand, based on the audit evidence obtained, whether a material uncertainty exists related toevents or conditions that may cast significant doubt on the Company's ability to continue as agoing concern. If we conclude that a material uncertainty exists, we are required to drawattention in our auditor's report to the related disclosures in the financial report or, if suchdisclosures are inadequate, to modify our opinion. Our conclusions are based on the auditevidence obtained up to the date of our auditor's report. However, future events or conditionsmay cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial report, including thedisclosures, and whether the financial report represents the underlying transactions and eventsin a manner that achieves fair presentation. We communicate with the directors regarding,among other matters, the planned scope and timing of the audit and significant audit findings,including any significant deficiencies in internal control that we identify during our audit.

We communicate with the directors regarding, among other matters, the planned scope and timing ofthe audit and significant audit findings, including any significant deficiencies in internal control that weidentify during our audit.

A P FAULKNER

PRINCIPAL

Date: 3 October 201.7

14PITCHER PARTNERS

Adelaide

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