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.

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 ENDED JUNE 30, 2021 Income Year Ended 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;

• The continued roll out of “Jack Attack”;

• Promoting and expanding the Bowls Premier League and BPL Cup; • 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).

Government Grants 28.5% Government Grants 28.5% Capitation Fees 22.4% Licencing and Merchandise Government Support Initiatives 15.3% Licencing and Merchandise Sales 14.1% Sponsorship and Commercial 12.4% Sundry Items 7.2% Sales 14.1%Interest 0.2%

Capitation Fees 22.4%

Government Support Initiatives 15.3% Sponsorship and Commercial 12.4%

Sundry items 7.2%