Concrete Leader Pools - Pool & Spa Combination - Concrete
FINANCE REPORT It is my pleasure to submit to members the 2020 consolidated Annual Report of the Swimming Pool & Spa Association of Australia Ltd (SPASA). SPASA reports all entities in a consolidated manner, including the Institute of Research and Learning, SPASA Australia Benefits the Trustee Watertight trust fund and the Pool and Spa Association Limited (NZ). This provides a total true and correct report of all financial operations within SPASA Australia’s responsibility. COVID-19 had a large impact last year, with event income reduced significantly due to the postponement of almost all scheduled events across 2020. Government support in the form of Job Keeper and the Cash Flow Boost provided $351,100 to the bottom line, ensuring SPASA could retain all staff at full-time hours. This enabled the delivery of increased advocacy and industry communication that supported members during an unprecedented time where everyone was responding to a global pandemic. In addition to the strong financial position and sustainable business model of SPASA, this support ensured we could withstand something as detrimental as COVID-19 while increasing our support to members across Australia and New Zealand.
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The Association’s external Auditors, William Buck Accountants and Advisors, conducted the Audit Report for the year ending 31 December 2020. Key findings from this audit can be found on the opposite page. I’d like to take this opportunity to thank Lindsay, Melinda and the whole SPASA team for a remarkable effort during the year and congratulate them all on the achievements they’ve managed to accomplish, both financial and non-financial, for the Association, Members and Industry as a whole. SPASA Australia continues to focus on building a strong and sustainable financial position for the long term to help underpin its ability to support and help member businesses grow into the future, and it was an honour to see the Association be in a position to do just that in my role over the last 12 months.
Adamn Jaworski Finance Audit and Compliance Committee Chair
SPASA AUSTRALIA - ANNUAL REPORT 2020
