Golf New Zealand has published its 2020 Annual Report in advance of its AGM to be held on 13 June.

The COVID-19 pandemic created a completely different year than originally planned as the organisation managed its way through unprecedented times. The pandemic delivered the golf sector a range of new challenges however by uniting and working together, the initial wave has been negotiated and golf has emerged stronger.

Despite the pandemic, there is much to be proud of when looking back over 2020. Golf continues to enrich the lives of New Zealand by bringing communities together and helping people stay active and healthy. The initial COVID-19 storm has been weathered and golf now has a stronger platform from which to approach the future.

In 2020 we are delighted to report a membership growth of 9.3% and an average rounds played growth each month from July onwards of 26%.

The group financial result for 2020 sees a net surplus of $460,695 (against a group 2020 budget of $342,905) and a corresponding growth in the group’s net assets to $3,093,906. This result is very pleasing result in what was a tough financial year.

The COVID-19 pandemic caused great concern early in the financial year as around $600,000 of expected revenue was lost. Through very careful management, this challenge was navigated, and a surplus delivered ahead of budget. While a great deal of revenue was lost, expenses were also reduced as many tournaments and events were postponed or cancelled. The organisation was also grateful to receive several support subsidies and, through the delivery of a DotGolf performance which was ahead of forecast, a healthy surplus has been posted.

Group cash position has increased by $1,727,648 reflecting the strong surplus delivered by the group and in particular, revenue generated from the completion of the software solutions builds for the Great Britain and Ireland Golf unions providing World Handicap System services and the creation of DotGolf software system assets locally.

From a broad perspective, the organisation managed to achieve a great deal in 2020 despite the pandemic and it is well placed to continue delivering results in 2021.

Golf membership and participation levels are increasing, golf clubs are becoming stronger, and the positive profile of golf is rising. From a financial perspective, the organisation continues to add equity to its balance sheet through the delivery of a healthy surplus which provides a strong platform for future endeavours.