26 NEW SOUTH WALES The Year That Was: Equestrian NSW membership was stable in FY2018, with 8,134 individual members and 250 group affiliates. Senior membership increased 2%, Juniors decreased 5%, Participants went up 1%, Supporters went down 5%. Officials membership increased 8%, driven by a significant increase in Dressage judges, benefitting from the excellent program run by Dressage NSW. The recent trend that has emerged in recent years continued, with 1,736 members not renewing but being replaced by about the same number of new members. Based on feedback from Members, the ongoing drought and increased costs of horse ownership and competing were the two most significant factors that impacted renewals. On a positive note, the four new shows staged by our energetic Show Horse Committee contributed to a significant increase in new Senior and Junior Competitors. Equestrian NSW made a modest $30,000 surplus in FY2018, based on Income of $2,594,000. NSW Fair Trading advised that our Income and Assets now exceeds the standard for a Not-For-Profit Incorporated Association, so that we need to transition to a Company Limited by Guarantee under ASIC. This will require minor changes to our Constitution, which will be submitted to our Members before our AGM in late 2018. With our strong financial position, Equestrian NSW was able to invest more than $368,000 with our NSW Discipline Councils and Committees, who have become trusted partners charged with delivering the programs across Administration, Swabbing, Officials Education, Major Event Support, High Performance and Club Development. Perhaps the highlight of our FY2018 competition calendar was the inaugural Stars of the Southern Cross Show Horse Championships, staged by our Show Horse Committee. The Owner/Rider prize was an all-expenses paid trip to the UK, to visit and ride at some of the top studs. The Sydney International Horse Trial Organising Committee again staged another successful event. Mike Etherington-Smith