FINANCES

The operating result for the 2022 year was a modest deficit of $16,390 compared with a surplus of $262,717 in 2021.

The lifting of COVID restrictions saw a return to more “normal” events and operations.

The Australian Open was arguably the most successful ever with record entry numbers.

The removal of Jobkeeper support funding saw a reduction in other income of $905,000 and was effectively offset by increased revenue from Membership fees, due to return by the STAs to more normal membership fee structures and the funding of new programs by Sport Australia and the AIS.

Revenue

Overall revenue increased for the year by $1.823m to be $7,934m, (2021: $6,711m).

Ongoing grant support from the Sport Australia and the AIS provided a total of $2.575. This included amounts of $856k relating to High Performance and $735k for Sport Participation. In addition, we received $402K for the Better Ageing initiative.

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.

Expenditure

Overall expenditure increased for the year by $1.52m to be $7.950m, (2021: $6.448m). Primarily due to increased activity in our High-Performance area.

Spending on development/participation activities was up to $2.492m for the year (2021 $2.388m).

Other notable expenditure during the year was directed towards: • The ongoing management and funding of the activities of seventeen (17) 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 (BPL) Cup.

• The continuation of a National Marketing Campaign – Local Legends Wanted.

• The further development and improvement of the BowlsLink whole of sport technology project.

• Continued activity in the Better Aging initiative. Expenditure up to $408k (2020 $460k).

Balance sheet and cash reserves

BA’s strong financial position remained with $4.4m held in Cash and Cash equivalents (2021 $5.3m).

Net equity decreased slightly due to the deficit to $2.205m (2021 $2.221m).

BA has continued the strong steps to protect itself and its employees during the pandemic.

This included adopting COVID safe working policies with some selected staff still being rostered to work from home during the year.

Expenses Year Ended June 30th 2022

Income year ended June 30

Government Grants 33.2% Capitation Fees 24.1% Government Support Initiatives 0.2% Licencing and Merchandise Sales 18.1% Sponsorship and Commercial 14.5% Sundry Items 9.8% Interest 0.1% Expenses year ended June 30

Game Development 31.3% National Event Expenses 18.7% High Performance and Training Programs 24.8% Communications and Marketing 6.4% Licencing and Merchandise Expenses 7.9% Administration Expenses 6.1% Governance Expenses - Board, Council & Committees 1.7% Television Production Costs 0.6% World Bowls Affiliation Fees 1.4% Depreciation 0.8% Audit Fees 0.2% Provision of Bad & Doubtful Debts 0.00%