Finances
Combined with generous government support packages totalling just over $1Mil, including JobKeeper payments of $905,000, tight control was kept on expenses.
REVENUE
Overall revenue increased for the year by $87k to be $6,711m, (2020: $6,623m). Ongoing grant support from the Sport Australia and the AIS provided a total of $1.91m. This included amounts of $523k relating to High Performance and $735k for Sport Participation. In addition, BA received $449k for the Better Ageing initiative focusing on BA’s Roll Back The Clock program. Major sponsors and partners included Tourism and Events Queensland, BLK and Major Events Gold Coast. The National Merchandising Program continues to be a major revenue source to support the employment of Regional Bowls Managers throughout Australia.
• The creation of a National Marketing Campaign, Local Legends Wanted, which included a significant investment in advertising this campaign; • The further development and improvement of the BowlsLink whole-of-sport technology project; • Increased activity in the Better Aging initiative. Expenditure up to $460k (2020 $317k).
BALANCE SHEET AND CASH RESOURCES
BA’s strong financial position improved with $5.3m held in Cash and Cash equivalents (2020 $3.9m). Net equity grew off the back off the surplus to $2.221m (2020 $1.958m). BA has continued to take strong steps to protect itself and its employees during the pandemic. This includes adopting COVID-19 safe working policies, with some selected staff still being rostered to work from home during the year.
INCOME YEAR 30, 2021 IncomeENDED Year EndedJUNE 30th June 2021
EXPENDITURE
Overall expenditure decreased for the year by $311k to be $6.448m, (2020: $6.759m). Spending on development/participation activities was down to $2.5388m for the year (2020 $2.554m). Other notable expenditure during the year was directed towards: • The ongoing management and funding of the activities of sixteen (16) Regional Bowls Managers throughout Australia giving both support to bowling clubs and the development of the sport;Government Grants 28.5% Sponsorship and Commercial 12.4%
• The continued roll out of “Jack Attack”; • Promoting and expanding the Bowls Premier League and BPL Cup;
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ANNUAL REPORT 2020/21
Capitation FeesGrants 22.4% 28.5% Government Sundry Items 7.2%
Capitation Fees 22.4%
Government Support Initiatives 15.3%
Government Support Initiatives 15.3% Licencing and Mercha Licencing and Merchandise
Sales 14.1% Interest 0.2%
Sponsorship and Commercial 12.4% Sundry items 7.2%
