AGM & Key Documents
Our Next Annual General Meeting
The next Annual General Meeting of Club Forbes will be held Thursday 23rd October 2025 - 6.30pm in the Club Function room. Members are warmly welcome to attend, however you must present current membership cards for entry. No entry will be permitted after the meeting begins. Refreshments will be served following the meeting.
Club Forbes 2024–25 Financial Overview
The financial year to 30 June 2025 closed strongly for Club Forbes, delivering a solid result and providing a platform for further growth. Total revenue exceeded $6.2 million, with a net profit of $220,572. This result reflects steady trading across bar, bistro, gaming, and entertainment operations, supported by disciplined cost management.
Employment costs rose in line with business activity, reflecting investment in people. New roles included additional staff for the Rosemary Café, a dedicated Advanced Gaming Compliance Officer in response to regulatory requirements, and extra reception staff. In addition, we resolved earlier staffing issues in the kitchen and now have a small, dedicated team delivering quality food. These appointments have strengthened service delivery, compliance, and the overall member experience.
Spending on member amenities also increased, funding raffles, entertainment, and community activities that boosted engagement and visitation.
Capital reinvestment continued as a priority. The club invested $899,820 in renovations and new equipment during the year, predominantly funded from cash flow. Key projects included new kitchen equipment (combi ovens, dishwashers, and plates), upgrades to function spaces, the addition of the Court 1 entertainment space and toilets, foyer and cinema improvements, and new carpets ordered for installation.
At the same time, borrowings continued to fall. Debt was reduced by $369,577 from the previous year. Over the past two years, borrowings have fallen from $1,892,332 in 2023 to $1,034,847 in 2025—an overall reduction of $857,485.
These results highlight Club Forbes’ ability to balance financial sustainability with reinvestment in staff, facilities, and the community.
With stronger revenues, improved staffing, and a modernised venue, the club is well placed to build on these achievements and deliver further improvements in 2025–26.
I would like to thank the Board for their continued guidance and support, and extend my appreciation to our management team and all of our wonderful staff for their contribution this year.
Peter Gasson ACCM
CEO, Club Forbes
Links for Members
Key Documents
Important Information for Club Members
This club is by law required to make available to its members information
that relates to the management and financial administration of the club
including:
A register of disclosures made by the directors and employees of the club.
Details of the overseas travel made by the directors and employees of the club.
Details of loans given by the club to employees.
Details of contracts of employment of top executives.
Details of the payments made by the club for consultant services.
Details of legal settlements made by the club with a director or an employee of the club.
Details of legal fees paid by the club for a director or an employee of the club.
The club’s annual gaming machine profit.
The amount applied by the club to community development and support.
AND
The club must provide quarterly financial statements to its board for adoption, and make them available to members, including:
The club’s profit and loss accounts and trading accounts for the quarter, and
A balance sheet as at the end of the quarter.