Cricket Victoria Annual Report 2022-23

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ANNUAL REPORT

2022
- 2023

WOULD LIKE TO THANK THE FOLLOWING PARTNERS FOR THEIR SUPPORT

OFFICE BEARERS

Cricket Victoria Patron

Malcolm Gray AM

Delegates 2022-23

Club

Camberwell Magpies

Carlton

Cricket Victoria Board (as at 30 June 2023)

Lydia Dowse

Penelope Cleghorn

Ross Hepburn (Chair)

Melissa McConnell

Shaun Richardson

Sharyn McNeill

Paul Sealy

Chris Bulford

Harish Rao

Casey-South Melbourne

Dandenong

Essendon

Fitzroy Doncaster

Footscray

Frankston Peninsula

Geelong

Greenvale Kangaroos

Kingston-Hawthorn

Melbourne

Delegate

Brett Watkins

Neville Box

Ross Moore

Brendan McArdle

Simon Tobin

Matthew Elliott

Geoff Collinson

Alternate Delegate

Mark Dwyer

Mark Morris

Shaun Petrie

Gary Davidson

Shane Eaton

Michael Fletcher

Jack Sheppard

Cameron Wallace Jacinta Klauer

Michael King

Bruce Kent

Brett Sebire

Andrew Kent

Melbourne University Nic Brian

Northcote

Prahran

Richmond

Ringwood

St Kilda

VCCL

VMCU

VSDCA

Mark Sundberg

John Raglus

Peter Gigliotti

Stuart Baum

Paul Meddings

Keith Thompson

Mark Keating

Geoff Richardson

VSDCA Phil O’Meara

Women’s Premier Cricket Panel

Adam Di Giacomo

Sarah Pike (resigned June 2023) / Jennie Deckker

Ken Hutchinson

Danny Stevenson

Michael Sholly

Peter Anderson

Grant Gardiner

Nigel Parsons

Paul Gilchrist

Tamara Bourke

Paul Ryan

Kelvin White

Rod Patterson

Dr Geoffrey Hart

Neil Burns

ANNUAL REPORT 2022—23 3

CHAIR REPORT

WE COMPLETE THE REPORTING YEAR HAVING SEEN A RANGE

ROSS HEPBURN

As I reflect on my first year as Chair, it has been a year of remarkable achievement and growth for Victorian cricket.

We complete the reporting year having seen a range of key strategic milestones achieved and new business opportunities delivered.

I am pleased to say that this performance is underpinned by a strong culture of collaboration and support from right across the Victorian cricket community. Together, we can achieve so much in partnership with our affiliates, clubs and associations.

Without the same challenges of previous years, I can report a range of important outcomes for our game:

• Growth in key participation metrics year on year and above pre-pandemic levels, particularly for women and girls

• 85 Victorian cricket infrastructure projects that will receive funding from the Australian Cricket Infrastructure Fund (the most by any state on record)

• Strong progress in the development and construction of our network of metropolitan and regional cricket hubs in Geelong, Bendigo, Casey,

Moe, Ringwood, Wodonga, Hume and Hamilton.

• The delivery of a new Player Pathway Strategy to articulate a clear, concise direction for emerging players seeking greater honours

• The ongoing implementation of the Salesforce CRM at Cricket Victoria to provide a comprehensive approach to club support and customer experience

• Significant preparation for Victoria’s transition from MyCricket to PlayHQ in season 2023-24

• The elevation of Geelong Cricket Club to Women’s Premier Firsts in 2023-24

The season was not without disruption though as torrential rain caused flooding across regional and metropolitan centres, in many cases the worst in a century.

The floods took an enormous toll on communities and cricket was no different with grounds, club houses and pavilions destroyed.

I would like to extend our sincere thanks to everyone in Victorian cricket who lent their support to the recovery efforts. Again, the loyalty and commitment from our many thousands of volunteers proved pivotal in our

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OF KEY STRATEGIC MILESTONES ACHIEVED AND NEW BUSINESS OPPORTUNITIES DELIVERED.

ability to get the season back on track for the remainder of the summer.

In team news, the Victorian men’s team performed strongly to reach the Marsh Sheffield Shield final but fell to Western Australia for a second consecutive year.

In the KFC BBL, the Melbourne Renegades made a welcome return to finals action after finishing third on the regular season table.

In national honours, we congratulated two Victorians on their elevation to the highest level.

Todd Murphy earned his Test debut at Nagpur against India in February and went on to take seven wickets for the match in a tremendous display.

Kim Garth earned her T20 International debut against India in December before receiving her Baggy Green in her Test debut in The Ashes in June.

These selections and results are again a worthwhile reminder of the level of talent we currently have in Victoria and the quality of the next generation of players we are seeking to develop for the future.

In international retirement news, I would like to warmly congratulate Aaron Finch on an outstanding career with Australia.

Aaron represented Australia on 254 occasions –five Tests, 146 ODIs and 103 T20 Internationals ODIs after first stepping out in Australian colours in 2011.

Aaron was part of Australia’s victorious 2015 ICC Cricket World Cup side on home soil, before leading his country to its first ICC T20 World Cup title in 2021.

He captained Australia on 131 occasions –including 76 T20I matches, more than any other men’s player and continues to be a respected ambassador for the game and for Victorian cricket.

In Kookaburra Premier Cricket, I congratulate and thank all clubs, volunteers, coaches and players on delivering a successful season.

I would like to congratulate Makinley Blows and Harrison Smyth from Essendon Maribyrnong Park Cricket Club and Carlton Cricket Club

respectively on winning the Una Paisley and Jack Ryder medals.

Cricket Victoria continues to receive wonderful support from its partners, and I would like to acknowledge the Victorian Government and CitiPower’s major contributions.

I would like to record our sincere gratitude to the Premier, the Hon. Daniel Andrews MP; Minister for Major Events and Sport, the Hon. Martin Pakula MP; Minister for Health, Ambulance Services and Diversity, the Hon. Martin Foley MP and the Minister for Community Sport, the Hon. Ros Spence MP for their commitment to cricket.

I’d also like to thank CitiPower Chief Executive Tim Rourke and his team for his organisation’s fantastic support of cricket in Victoria.

From a CV Board perspective, at the AGM in August, Paul Sealy and Chris Bulford were both elected as Directors for the first time, replacing outgoing Chair Dr David Maddocks and Peter Williams.

Mr Sealy is a Co-Founder, Partner and Investment Advisor at a successful financial services and wealth management firm. Mr Bulford is owner and Managing Director of a strategy and marketing consultancy. On behalf of my fellow Directors, I welcome Paul and Chris’s election and I thank David and Peter for their service to Victorian cricket.

I would like to recognise the incredible service David delivered to Cricket Victoria over a ten-year period, including as Chair since 2020. He played a critical role in leading Cricket Victoria through the height of the pandemic and on behalf of the Board we congratulate him on his appointment to the Board of Cricket Australia.

Cricket Victoria also welcomed the appointment of Clea Smith and Sarah Adam-Gedge, two new Victorian-based directors to the CA Board. All Victorian based CA directors met with the CV Board during the year.

The year has also seen strong collaboration between the State and Territory Chairs and Cricket Australia, and I would like to thank Dr Lachlan Henderson for his service as Chair of Cricket Australia and congratulate Mike Baird AO on his appointment to the role. We look forward to building on our ongoing growth in partnership and communication.

In March, the Board appointed Harish Rao as a Director. Mr Rao is currently the Executive Director of the Australia-India Chamber of Commerce and I welcome him to the Board.

From a strategic perspective, the reporting year has been one of considerable growth and diversification of many of our revenue streams.

In the success of our new tertiary partnership with RMIT University, our first-year agreement with the San Francisco Unicorns, the launch of the Cricket Victoria Foundation and a range of new consumer products, we continue to drive our ambition to deliver new and sustainable revenue opportunities for Victorian cricket while maximising all our assets.

In doing this we can maintain our focus on growing participation, building successful high-performance teams, enhancing our suite of commercial partners and delivering sustainable financial performance and opportunities to reinvest in our sport.

I would like to take this opportunity to thank all of Cricket Victoria’s members and affiliates, including the Victorian Metropolitan Cricket Union (VMCU), Victorian Country Cricket League (VCCL), Victorian Sub District Cricket Association (VSDCA) for their support and leadership as we work together to grow and evolve Victorian cricket.

During the reporting period, the Cricket Victoria Board transitioned away from committees to advisory groups and I thank all those who volunteered their expertise to make these groups successful.

I would like to thank my fellow Cricket Victoria Directors for their passion, counsel and support this season and our Chief Executive Nick Cummins for his energy and leadership. To our senior management and staff, players, members, clubs, and fans, thank you for everything that goes into making Victorian cricket such a success.

I wish everyone a productive season ahead.

ANNUAL REPORT 2022—23 5

CEO REPORT

NICK CUMMINS

I write this report following a year of strong growth for Victorian cricket and considerable expansion in Cricket Victoria’s operations.

From a season perspective, we began with the significant challenges of major flooding impacting large sections of metropolitan and regional Victoria. The damage toll to both grounds and facilities was extensive and the volume of rainfall prevented preparation of grounds.

As always, the tenacity, goodwill and passion of all our loyal volunteers in Victorian cricket shone through. Ultimately, the hard work of cleaning up and putting the season back on track at local level rested on the shoulders of all of you.

We thank you for your collective effort, dedication and service to the game. We will never tire of saying that our game doesn’t exist without you.

Cricket Victoria’s relationships with government at all levels allowed us to advocate effectively on behalf of clubs requiring support in times of crisis and I’d like to thank the Victorian Government for their support for local clubs and those requiring emergency relief.

The reporting year also saw a State Election held in November. I’m pleased to report that Victorian cricket will be a direct and indirect beneficiary of more than $64 million in funding committed for facilities and the sport.

Cricket Victoria continued to engage in productive conversations with the Victorian Government regarding funding for our proposed second stage of construction at the CitiPower Centre and Junction Oval – cementing its future as a worldclass boutique cricket venue.

I’d like to thank the Minister for Sport, Tourism and Major Events Steve Dimopolous MP for the Victorian Government’s ongoing support for our game.

In participation news, Victoria has made some strong gains over the 2022-23 year season.

In total, 123,170 Registered Participants were involved in club cricket, up two per cent on the previous year. In a year where Cricket Victoria launched its new six-year Women and Girls’ Strategy, Victoria continues to be a national leader, with participation in women and girls club cricket up nine per cent from the previous season.

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AS ALWAYS, THE TENACITY, GOODWILL AND PASSION OF ALL OUR LOYAL VOLUNTEERS IN VICTORIAN CRICKET SHONE THROUGH.

Overall, Registered Participation throughout Victoria has grown by five per cent year-on-year demonstrating the resurgence of the game in our community.

In other major developments, Cricket Victoria launched the Melbourne Cricket Education Academy (MCEA) in partnership with RMIT University in November. The tertiary program sees students studying full time at the CitiPower Centre towards completing either a Diploma of Business or a Diploma of Leadership and Management.

It is the first program of its kind in Australian cricket and I would like to thank RMIT’s Deputy Vice-Chancellor – Vocational Partnerships Mish Eastman for her enthusiasm and support for this program.

In further exciting news, in the second half of the reporting year we launched the new Cricket Victoria Foundation.

The Foundation’s purpose is to generate philanthropic support for sections of our community who may have had limited or no access to cricket or be underrepresented in the context of our game.

I’d like to thank our Foundation Chair Paul Gardner AM and all our advisory group members for their counsel and support as we bring the new foundation to life.

From an international partnerships perspective, in late 2023 Cricket Victoria executed a services agreement with the San Francisco Unicorns T20 team as part of the new Major League Cricket tournament to be held in the United States.

The new competition delivers more playing opportunities for Victorian cricketers and the opportunity to compete in an emerging cricket market. It also allows us to further the professional development of coaches and support staff.

I’d to thank the Unicorns owners Anand Rajaraman and Venky Harinarayan for their belief in Cricket Victoria and I look forward to the partnership we will forge together.

In our Cricket Performance division, I congratulate Chris Rogers and Peter Handscomb on leading the men’s squad to the Marsh Sheffield Shield Final for the second consecutive year at the WACA. While we did not prevail, there is continued optimism about the trajectory of our squad and emerging talent.

In the Women’s National Cricket League (WNCL), Victoria finished in fourth place with a young squad led by Nicole Faltum while many of our senior players were on national duties.

In the Weber WBBL, the Melbourne Stars and Melbourne Renegades finished in sixth and seventh position respectively.

In the KFC BBL, the Melbourne Renegades made a resurgent run to finish third on the table and compete in finals for the first time in 3 years.

The Melbourne Stars finished in 8th position after a difficult season where the club lost captain Glenn Maxwell to a broken leg on the eve of the season.

It was another productive year for our Kookaburra Premier Cricket competition and I congratulate all Premiers on their successful seasons.

Our infrastructure program continues to lead the agenda at the national level and we are delighted to be able to contribute, in partnership with Cricket Australia, the Victorian Government and local government authorities, to facilities of the future.

Victoria delivered the highest number of applications for the Australian Cricket Infrastructure Fund ever recorded and the highest amount of funding committed to those applications.

From a financial perspective, Cricket Victoria concluded the year reporting a $746,531 surplus for 2022-23.

It is pleasing to return to surplus in FY23 as projected in last year’s report. The absence of a range of biosecurity and other operational costs required during the pandemic, together

with effective cost management and continued revenue growth through new initiatives has assisted this outcome.

I would again like to thank our major partners CitiPower, Kookaburra, Manhari Metals and Toyota for their ongoing support for Victorian cricket. I’d also like to recognise and thank Melbourne Renegades partners Liberty and Marathon Foods and Melbourne Stars partners Aussie Broadband and MG Motor for their support, particularly during the pandemic.

In closing, I’d like to thank our Chair, Ross Hepburn together with all our Directors who have provided invaluable support and guidance during my second year as Chief Executive.

To our senior management and staff, I thank you sincerely for your incredible commitment to Victorian cricket. Your collective work continues to ensure Cricket Victoria provides the leadership, support and collaboration that is critical to our growth and success.

ANNUAL REPORT 2022—23 7

2022-23 SEASON

VICTORIAN STATE TEAMS

The Victorian Men’s and Women’s teams headed into the 2022/23 season with plenty to build on following a successful previous year.

Coming off the back of a Sheffield Shield Final appearance, Victoria would begin their four-day season with three straight draws against South Australia, Western Australia and Tasmania.

Despite heading into the break with only one win under their belt, the Victorians would win four straight games post-BBL to storm into the Sheffield Shield Final for a second-consecutive season, eventually falling short to Western Australia at the WACA.

Captain Peter Handscomb finished the Shield year as the competition’s fourth highest run scorer, blasting 634 runs at an average of 70.44, including a career-best of 281 not out against Western Australia at the CitiPower Centre.

The Victorian skipper would be recalled to the Australian side for their tour of India in February, joined by teammates Scott Boland and Todd Murphy - the latter making his Test debut in Nagpur, taking 7/124 in the first innings.

Will Sutherland would take over the captaincy in Handscomb’s absence, thriving under the role as he saw the Victorians to four-straight victories.

It was a breakout season for Matt Short, who

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struck his first two Shield hundreds and finish with 623 runs at an average of 41.53, sixth best in the competition.

Just one spot behind him was Marcus Harris, who hit 601 runs at 37.56 with two hundreds himself, and was rewarded with selection on the Ashes tour alongside Boland and Murphy.

Mitch Perry and Fergus O’Neill (who debuted against South Australia in October) shouldered the bowling load alongside Sutherland, taking 29 and 27 wickets respectively throughout the year.

Ash Chandrasinghe made his debut against Tasmania, carrying his bat in his first Shield innings - hitting 119 not out in a display of patience and class.

He was joined on the debutants list by O’Neill, Ruwantha Kellapotha, Sam Elliott, Campbell Kellaway and Jack Prestwidge.

The WNCL campaign began in September with a big win over South Australia, thanks to hundreds from Ellyse Perry and Annabel Sutherland.

Sutherland would continue her fine form with another ton against Tasmania two games later, finishing with 354 runs at an average of 88.50.

Perry herself would slam two more hundreds, including a season-high 147 not out against New South Wales, ending her tournament with 435 runs at an incredible average of 108.75.

New skipper Sophie Molineux would score her maiden WNCL century against Tasmania, while wicket-keeper Nicole Faltum would hit hers against New South Wales three months later.

Faltum would also take over the captaincy in the new year following an injury to Molineux, excelling once again in the leadership role.

Spinner Sophie Day led the Victorian bowling attack, finishing her season with 24 wickets at an average of 16.45 - second in the competition.

Victoria would conclude their campaign in

fourth place, with five wins, six losses and a tie, improving on their 1-6 record the season before.

The Victorian Men began their One-Day Cup tournament in September with a thrilling Duckworth-Lewis win over New South Wales, Matt Short hitting what would be the final ball of the game for six to win.

Short himself would have an excellent tournament, hitting his maiden one-day domestic hundred at the MCG, ending the season with 301 runs at 60.20, seventh-best for the year.

Just ahead of him in sixth position was Marcus Harris, who scored 315 runs at 63.00, including a career-best innings of 142 not out.

Victoria would finish third, a big improvement on their last-placed finish the year before and continuing to build towards the future with an exciting, youthful squad.

Jack Prestwidge, Campbell Kellaway, Ruwantha Kellapotha, Tom O’Donnell and Tom Rogers all made their List A debuts.

Will Sutherland and Nicole Faltum took out the top Victorian Cricket Awards for the 2022-23 season.

Sutherland would have a breakout season, leading the competition with 41 wickets at an average on 19.92 while also hitting 467 runs at 29.18, including his maiden First-Class hundred.

Faltum took out her second-consecutive Sharon Tredrea Award, hitting 368 runs at an average of 40.88 across the WNCL season to go with her 11 catches and four stumpings.

Matt Short was awarded the Dean Jones Medal as the state’s best player during the Marsh One-Day Cup following an outstanding campaign.

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ANNUAL REPORT 2022—23 9

2022-23 SEASON

MELBOURNE RENEGADES REVIEW

The Melbourne Renegades made their return to the BBL Finals in KFC BBL|12.

Aaron Finch (428 runs) and Tasmanian recruit Tom Rogers (23 wickets) were both named in the Team of the Tournament, as the Renegades won seven matches to finish the regular season in third place. The Renegades were ultimately knocked out of the tournament by the Brisbane Heat in The Knockout.

The overseas player recruitment strategy was successful, with Andre Russell having a whirlwind influence across four games and spinners Akeal Hosein and Mujeeb Ur Rahman highly impactful.

In the Weber WBBL, the Renegades were unable to reach the same heights as the previous season, winning four matches.

Captain Sophie Molineux starred with bat and ball in a season-opening win against eventual champions, the Adelaide Strikers.

WBBL matches returned to Victoria, with the Renegades hosting games at the CitiPower Centre and Ballarat’s Eastern Oval.

Off the field, the Renegades continued to innovate and connect with community.

The in-bowl activation ‘Gades Arcade’ was a BBL first and new addition to Marvel Stadium home matches, while renowned Indigenous musician Baker Boy took centre stage at the club’s First Nations Round match, which also featured the first Little Long Walk in cricket.

More than 10,000 members signed on, as the club continued to grow its presence across metropolitan and regional Victoria.

Programs such as the Renegades Roadshow, Renegades Connect, School Holiday Programs and Super Clinics continued to engage, whilst the Festival of Sport ahead of the club’s second BBL match in Geelong was successful engaging the Geelong community and boosting attendance on that day.

Renegades Recruit expanded into both a Female and Male program, in partnership with Channel 7, whilst the Melbourne Renegades Champions League was again a success with Sri Lanka victorious at Werribee’s Chirnside Park on the club’s Family Day.

The club would like to extend its thanks to Liberty, Marathon, Trikon, TCL, RACV Solar, Metaweb, Hyundai, TyrePower, Darche, Truck Assist, Visit Victoria, City of Greater Geelong, VRGF, TAC, CBCo, Oatley Wines and The Cullen for their support throughout 2022-23.

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THE MELBOURNE RENEGADES MADE THEIR RETURN TO THE BBL FINALS IN KFC BBL|12.

ANNUAL REPORT 2022—23 11

2022-23 SEASON

MELBOURNE STARS REVIEW

Despite some early setbacks before both the KFC BBL and Weber WBBL seasons, the Melbourne Stars were able reconnect with members and fans as we saw a significant uplift in attendance and viewership in both competitions.

There were plenty of positives to take out of WBBL|08, as Head Coach Jonathan Batty took the reins for the first time. English Internationals Alice Capsey and Lauren Winfield-Hill joined the squad alongside the Stars first-ever Indian player, Jemimah Rodrigues.

Captain Meg Lanning missed the tournament whilst taking some time away from the game and subsequently Nicole Faltum was appointed as captain at just 23 years of age.

With added responsibility with both bat and ball, Annabel Sutherland began to realise her potential with numerous standout performances that saw her named in the WBBL|08 Team of the Tournament.

The BBL|12 season began in much the same way as WBBL|08 as the Stars lost their captain Glenn Maxwell for the tournament with a broken leg. Adam Zampa was appointed captain in his 8th season at the club.

The first-ever BBL Overseas Player Draft was an overwhelming success and the Stars drafted New Zealand’s Trent Boult at Pick 3, BBL|11 Player of the Season Joe Clarke and English quick Luke Wood.

The Stars’ season was characterised by being on the wrong side of close finishes, losing 8 games in the last over. Joe Clarke was again a standout with the bat and named as the Player of the Season for the second year in a row.

BBL Head Coach David Hussey stepped down from his role following his appointment as Head of Male Cricket at Cricket Victoria and former England Coach Peter Moores was appointed for the next two seasons.

WBBL Coach Jonathan Batty was also reappointed for a further two years.

At community level, the club was able to reconnect with families and fans through school holiday camps which were delivered throughout the year with record attendances including a sold out BBL super clinic on the MCG in January. The Stars also held open training sessions, held their first ever members-only draft watch party and delivered the Super Stars Road Trip where players and staff visited over 45 schools throughout Eastern Victoria over three days.

Stars TV returned for Season Three, with new streaming partner 7 Plus, which allowed for greater integration into broadcast. Stars TV delivered more than 3 million unique viewers, giving fans from all over the world a ticket to the behind-the-scenes workings at the club. The club also released Series 1 of Road to the Draft, a fly on the wall documentary, taking fans inside list management and strategy meetings in the buildup to the draft.

The Melbourne Stars would like to thank the support of our sponsors and Partners: Aussie Broadband, Euromaid, MG, TripADeal, Yale, Snap Fitness, Manhari Metals, 13Cabs, Colonial Brewing, Victorian Responsible Gambling Foundation, Art Series Hotels, Turkey Flat Vineyards and Kookaburra.

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THE CLUB WAS ABLE TO RECONNECT WITH FAMILIES AND FANS THROUGH SCHOOL HOLIDAY CAMPS, WITH RECORD ATTENDANCES INCLUDING A SOLD OUT BBL SUPER CLINIC ON THE MCG IN JANUARY.

ANNUAL REPORT 2022—23 13

2022-23 SEASON PREMIER CRICKET REVIEW

The start of the Kookaburra Victorian Premier Cricket season saw the weather wreak havoc. The men’s competitions experienced their worst start (by ground availability and match completion) since 1992-93. No play was possible until the first Saturday in November in the men’s competition and the women’s competition was heavily impacted as well.

The Men’s 1st XI eventually played 10 One Day and 5 Two Day (10 One Day and 4 Two Day in the Lower XIs), with one scheduledTwo Day game washed out entirely. In the Women’s Grades, 14 One Day and 7 T20 games were played by the 8 Women’s 1st XI clubs, whilst the Women’s 2nd & 3rd XIs played 18 matches (14 x One Day and 4 x T20s) due to the inclusion of the Greenvale Kangaroos to the Women’s Premier Cricket ranks for the first time, bolstering the competition to 10 clubs.

The Men’s First XI Grand Final was played for the first time ever at Windy Hill with Carlton and Melbourne competing for the title. This was a great recognition for Essendon Cricket Club and their curators.

The Men’s 1st XI Grand Final saw Melbourne overcome Carlton by 52 runs on the 1st Innings in a match that went the full three days and four innings, with Melbourne just five runs short of the Outright win when the last ball of the Final was hit for four chasing 156 in the final innings. Carlton batted first after being sent in by Melbourne and their 184 was led by Nick Ross (68) and Lachie McKenna (40*), whilst Kieran Elliott (4/74 off 20.4 overs) and Fergus O’Neill (3/53 off 23) did the main work. The Demons recovered from their Stumps Day 1 score of 4/21 to post 236 and take the first innings advantage thanks to the Harper brothers – John Scholes Medallist Jack (56) and Victorian keeper Sam (56), with Jack Prestwidge (34) and the lower order all chipping in against Cam Stevenson (4/72 off 30.5). Carlton made an effort to push for a reverse outright, scoring 7/207 off 30 overs before declaring with Mackenzie Harvey (106) the lynchpin for their batting, whilst Kieran Elliott (3/95 off 15) bowled unchanged. Set 156 to get off 50 overs, Melbourne secured the flag and finished the overs at 3/151 with skipper Blake Thomson (60) and Charles Lill (41) laying the foundation of the club’s 22nd Men’s 1st XI Premiership.

Season 2022/23 saw the fourth iteration of the Vic SUPER SLAM tournament take place.

The Final of the Vic SUPER SLAM saw Carlton take on Melbourne at the CitiPower Centre in January with Carlton taking home their third successive title with a six wicket victory. Melbourne’s Campbell Kellaway (46 off 46 balls) batted well but lacked support as Xavier Crone (4/15 off 4), Nicholas Ross (36* off 19) and Jai Lemire (31 off 29) led the Blues to another title.

St Kilda came from behind to go back-to-back in the Men’s Club Championship, with all four XIs making the Finals. The result was only determined after the Ringwood vs Prahran 1st XI match on the last Saturday of the Home & Away season, with the drawn match seeing the Saints secure their eighth Men’s Club Championship. Melbourne took out their fourth Women’s Club Championship title in five seasons, but were made to work for it by EMP with just a solitary point deciding the two places.

The Jack Ryder Medal saw another tight vote count, with Carlton batsman Harrison Smyth breaking through after being a runner-up last season. Smyth finished with 31 votes to secure the win with one round to go, despite the efforts of the fast-finishing James Nanopoulos (Frankston Peninsula) who finished second on 30 votes and 2019/20 Ryder Medalist James Seymour (Essendon) in third on 26 votes.

The Spirit of Cricket Awards were won for the 2022/23 season by Ringwood in the Men’s competition and Prahran in the Women’s competition.

The Men’s Lower XI titles were won by Northcote (Seconds), St Kilda (Thirds – as the higher placed side after a drawn match) and St Kilda (Fourths).

In the Women’s Premier Firsts One Day competition, the Grand Final was played at the CitiPower Centre between EMP and Melbourne. The Bombers were sent in by Melbourne and notched 6/249 off their overs, led by skipper and Betty Wilson Medalist Makinley Blows (79), with support from Emily Smith (47), Samantha Bates (37*) and Alyssa Humphries (33). Erika Quinn (3/34) was the sole multiple-wicket taker for the Demons. In reply, the Bombers never let the Demons in the game with Chloe Rafferty (5/30), Bates (3/13) and Katia Jomini (2/18) dominating proceedings and bowling the Demons out for 96.

The Women’s 1st XI T20 competition was held for the first time since the pandemic with Ringwood and Carlton meeting in the Final in January. On the day, the Rams adjusted to the moment better to defeat the Blues by nine wickets chasing 139 with Player of the Final Sarah Bryce (62*) and skipper Una Raymond-Hoey (40*) countering the Blues’ Sophie Reid (59) with the bat.

The Una Paisley Medal count saw the medal return to Aberfeldie Park, with Bombers’ skipper Makinley Blows taking home the medal, polling 22 votes to win by four votes over Dandenong’s Poppy Gardner, with Dandenong all-rounder Linsey Smith and EMP’s Alyssa Humphries tied in third place on 16 votes.

In the Women’s Premier Seconds One Day competition, Geelong defeated Melbourne at Beaumaris Secondary College in an 8-wicket win. The Demons made 8/165 with Elly Donald (51) starring but five run-outs played their part, before Player of the Final Stephanie Townsend (78) and Meera Patel (53*) put on a match-winning second wicket stand of 134.

The Women’s Premier Thirds competition was won by Carlton, awarded on playing conditions after the match finished in a tie with scores at 127 each.

This season saw the Dowling Shield Competition again take place under the management of the Premier Clubs, with five One Day rounds, Semi Finals and Grand Final played and a ‘floating’ pool structure to deliver more variety to pool composition. The Grand Final at Walter Galt Reserve saw Kingston Hawthorn and Essendon go head to head. The Bombers clinched their first Dowling Shield title since 1986/87 with a 98-run win over the Hawks, posting 8/249 before bowling the Hawks out for 151.

The Marg Jennings Cup for the Female Under 18 Competition again took place, with four rounds of One Day games fixtured before the top two sides played for the title. The Grand Final saw the undefeated Carlton and second placed Melbourne play off, with the Demons making it back-to-back wins with a 102-run win after posting 7/299 off their overs and bowling the Blues out for 197.

Cricket Victoria would like to recognise notable retirees from Premier Cricket this season including former Australian, Victorian and

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Dandenong player James Pattinson, former Victorian representative Amy Vine, former Victorian, Melbourne and Essendon bat Michael Hill, 2021/22 Ryder Medallist in former Victorian and Footscray keeper-bat turned all-rounder

Dean Russ, Prahran premiership skipper Jake Hancock, Geelong quick Dom McGlinchey, Richmond and Footscray opening bat Dan Sartori, umpires Dale Ireland, Tony Ventura, Ken Hobbs and John Richards and long-serving Ringwood volunteer Peter Kaspar.

MEN’S PREMIER TEAM OF THE YEAR

WOMEN’S PREMIER TEAM OF THE YEAR

Blake Thomson (Melbourne) (Capt.) Makinley Blows (EMP) (Capt.)

Dylan Brasher (Footscray) Bess Heath (Ringwood)

James Seymour (Essendon)

Harrison Smyth (Carlton)

Thomas Rogers (Ringwood)

Nicole Faltum (Dandenong) (WK)

Nipuni Hansika (Plenty Valley)

Anna Lanning (Box Hill)

Harrish Kannan (Casey-South Melbourne) Jasmine Nevins (Plenty Valley)

James Nanopoulos (Frankston Peninsula)

Linsey Smith (Dandenong)

Liam Banthorpe (Fitzroy Doncaster) (WK) Poppy Gardner (Dandenong)

Joe Medew-Ewen (Northcote)

Tom O’Donnell (Essendon)

Matthew Fotia (Ringwood)

Umair Butt (Footscray)

Katia Jomini (EMP)

Emma Gallagher (Dandenong)

Anna O’Donnell (Melbourne)

Madison Albers (Carlton)

VIEW & DOWNLOAD PDFS

MEN’S PREMIER CRICKET BATTING AVERAGES

MEN’S PREMIER CRICKET BOWLING AVERAGES

MEN’S PREMIER CRICKET LADDERS

WOMEN’S PREMIER CRICKET BATTING AVERAGES

WOMEN’S PREMIER CRICKET BOWLING AVERAGES

WOMEN’S PREMIER CRICKET LADDERS

ANNUAL REPORT 2022—23 15

2022-23 SEASON

COMMUNITY CRICKET REVIEW

After two seasons of consolidation for Community Cricket in Victoria, season 2022/23 was one of resurgence. Our key focus area entering the season was on bringing more 5-12 year old children into the game, and recent census results have shown that we have achieved this with a 9% increase year-on-year (YOY) in this key strategic metric.

This growth is mainly attributed to an increase in Cricket Blast participation which was up by 30% YOY and increased by 16% when compared to our 2019/20 figures (pre-Covid year).

However, the season was not without challenge, with floods ravaging most of the state throughout the early part of our season. The impacts of Victoria’s heavy rainfall and flooding were felt right across metropolitan and regional communities. It left extensive and expensive damage to grounds, cricket facilities and clubrooms and for those clubs fortunate to have avoided floods, grounds were simply too wet to prepare for competition.

Just as cricket had done in the previous two pandemic years, the sport forged a path forward through the incredible resilience of the thousands of volunteers across our state. On behalf of Cricket Victoria, we extend our thanks to all the volunteers throughout our Clubs and Associations for their tireless support and effort in making cricket happen across Victoria.

We want to particularly acknowledge Mark Keating (Victorian Metropolitan Cricket Union), Kelvin White (Victorian Country Cricket League) and Phil O’Meara (Victorian Sub-District Cricket Association) for their support, leadership of the their clubs and associations and collaboration in another challenging year for community cricket.

Once the skies cleared, we saw amazing cricket played with 123,170 Registered Participants in club cricket, up 2% YOY. In a year where Cricket Victoria launched its new Women and Girls’ Strategy 2022 – 2028, it was particularly pleasing to see Victoria continue to be a national leader in this market, with participation in women and girls club cricket up 9% from the previous season.

Overall, Registered Participation throughout Victoria has grown by 5% YOY demonstrating that 2022/23 was a strong season for Community Cricket.

Cricket Victoria continues to have a strong focus on safe and strong club environments for children entering our sport and we have invested additional time in our support resources for clubs to adopt and implement Child Safety Standards. We had 96% of clubs accredited through Steps 1, 2 and 3 in 2022/23, up from 74% last season, and with an overall aim of 100% of clubs by the end of next season.

The National Cricket Inclusion Championships (NCIC), the National Indigenous Cricket Championships (NICC) and the Australian Country Cricket Championships (ACCC) all returned this year. We congratulate our Deaf and Hard of Hearing team on winning the title for the first time in 20 years and the Intellectual Disability team on their title as well. At the National Indigenous Cricket Championships, Victoria finished in fourth place in the men’s competition and fifth in the women’s competition.

Cricket Victoria began the process of transitioning over to PlayHQ registration and competition management platform for cricket. The rollout has seen Cricket Victoria Community Cricket staff travel to all corners of the state for

face-to-face training with both Associations and Clubs, and thus far the engagement has been overwhelmingly positive. We look forward to completing this transition over to PlayHQ prior to the start of the 23/24 season.

To celebrate a successful year, Cricket Victoria again hosted the Community Cricket Awards at the CitiPower Centre. Cricket Victoria congratulates all winners on their wonderful contribution to the success of Victorian cricket, with a special acknowledgment of Daniel Melican from Footscray United Cricket Club who was named Volunteer of the Year.

CRICKET VICTORIA 16
ANNUAL REPORT 2022—23 17
Australian Cricket Infrastructure Fund 1 31 $1.35m AUSTRALIAN CRICKET INVESTMENT IN GRASSROOTS FACILITIES 85 TOTAL NUMBER OF PROJECTS $38.3 million COMMUNITY CRICKET INFRASTRUCTURE INVESTMENT IN VICTORIA 28 TRAINING NET DEVELOPMENTS AND UPGRADES GROUND AND PITCH REDEVELOPMENTS 26 PAVILION, INCLUSIVE CHANGE ROOMS & OTHER FACILITY IMPROVEMENTS LEARN MORE CRICKETVICTORIA.COM.AU/GRANTS 2022-23 SEASON

2022-23 SEASON

COMMUNITY CRICKET AWARDS RECIPIENTS

COMMUNITY MATCH OFFICIAL OF THE YEAR: Bill Sheehan

INDOOR FACILITY OF THE YEAR: Casey Stadium YMCA

TECHNOLOGY AND MEDIA INITIATIVE OF THE YEAR: Luke Alford (Laburnum Cricket Club)

COMMUNITY PARTNERSHIP OF THE YEAR: St Joseph’s Cricket Club

WOMEN AND GIRLS INITIATIVE OF THE YEAR: Sale-Maffra Cricket Association

INCLUSION AND DIVERSITY INITIATIVE OF THE YEAR:

Barwon Women’s Cricket Competition

CELEBRATING CRICKET IN SCHOOLS:

Traralgon West Cricket Club

YOUNG LEADER OF THE YEAR: Daniel Melican (Footscray United Cricket Club)

JUNIOR CRICKET INITIATIVE OF THE YEAR: Altona Sports Cricket Club

COMMUNITY COACH OF THE YEAR: David Swierzbiolek (Parkfield Cricket Club)

PREMIER CLUB OF THE YEAR: Frankston Peninsula Cricket Club

COMMUNITY CRICKET ASSOCIATION OF THE YEAR: Ringwood District Cricket Association

COMMUNITY CRICKET CLUB OF THE YEAR: Sanctuary Lakes Cricket Club

VOLUNTEER OF THE YEAR: Daniel Melican (Footscray United Cricket Club)

CRICKET VICTORIA 20
ANNUAL REPORT 2022—23 21

VICTORIAN CRICKET & PREMIER AWARD WINNERS

2022-23 STATE AND BIG BASH AWARD WINNERS

BILL LAWRY MEDAL

Will Sutherland

SHARON TREDREA AWARD

Nicole Faltum

DEAN JONES MEDAL

Matt Short

JOHN SCHOLES AWARD

Will Sutherland

WOMEN’S PLAYER’S PLAYER AWARD

Sophie Day

MELBOURNE STARS

PLAYERS OF THE SEASON

BBL: Joe Clarke

WBBL: Annabel Sutherland

MELBOURNE RENEGADES

PLAYERS OF THE SEASON

BBL: Aaron Finch

WBBL: Sophie Molineux

CRICKET VICTORIA 22

2022-23 KOOKABURRA PREMIER CRICKET AWARDS WINNERS

JACK RYDER MEDAL

Harrison Smyth (Carlton)

UNA PAISLEY MEDAL

Makinley Blows (Essendon Maribyrnong Park)

AARON FINCH MEDAL (VIC SUPER SLAM PLAYER OF THE SEASON)

Evan Gulbis (Carlton)

MEN’S TEAM OF THE SEASON

Blake Thomson (Melbourne) (Capt.)

Dylan Brasher (Footscray)

James Seymour (Essendon)

Harrison Smyth (Carlton)

Thomas Rogers (Ringwood)

Harrish Kannan (Casey-South Melbourne)

James Nanopoulos (Frankston Peninsula)

Liam Banthorpe (Fitzroy Doncaster)(WK)

Joe Medew-Ewen (Northcote)

Tom O’Donnell (Essendon)

Matthew Fotia (Ringwood)

Umair Butt (Footscray)

WOMEN’S TEAM OF THE SEASON

Makinley Blows (EMP) (Capt.)

Bess Heath (Ringwood)

Nicole Faltum (Dandenong)(WK)

Nipuni Hansika (Plenty Valley)

Anna Lanning (Box Hill)

Jasmine Nevins (Plenty Valley)

Linsey Smith (Dandenong)

Poppy Gardner (Dandenong)

Katia Jomini (EMP)

Emma Gallagher (Dandenong)

Anna O’Donnell (Melbourne)

Madison Albers (Carlton)

MEN’S PLAYERS OF THE SEASON

2nd XI – James Doherty (Footscray) & Dhruval Parikh (Richmond)

3rd XI – Brayden Lambden (Casey-South Melbourne)

4th XI – Om Patel (Melbourne University)

SUE WOOLCOCK AWARD (WOMEN’S PREMIER SECOND XI ONE DAY PLAYER OF THE SEASON)

Stephanie Townsend (Geelong)

WOMEN’S PREMIER THIRDS ONE DAY PLAYER OF THE SEASON

Yolanne Carvalho (Melbourne)

WOMEN’S PREMIER FIRSTS T20 PLAYER OF THE SEASON

Nicole Faltum (Dandenong)

WOMEN’S PREMIER SECONDS T20 PLAYER OF THE SEASON NOT AWARDED

JUNE COLE AWARD (BEST FIRST YEAR WOMEN’S PREMIER FIRSTS PLAYER)

Jessica Bohn (Dandenong)

SPIRIT OF CRICKET AWARD

Men’s – Ringwood Cricket Club

Women’s – Prahran Cricket Club

CLUB CHAMPIONSHIP

Men’s – St Kilda Cricket Club

Women’s – Melbourne Cricket Club

UMPIRE RECOGNITION AWARD

Glenn Cumming

ANNUAL REPORT 2022—23 23

CRICKET VICTORIA LIFE MEMBERS

1909/10 Mr WT Ahern

1923/24 Mr WW Gaggin

1927/28 Mr HR Rush

1941/42 Mr JA Howlett

1943/44 Mr HW Allen

1947/48 Mr RM Hatch

1951/52 Mr EC Yeomans

1956/57 Mr GA Davies

1957/58 Mr CW Simmonds

1964/65 Mr AE Dunne

1967/68 Mr OB Jenkin

1967/68 Mr L Murphy

1968/69 Mr EL a'Beckett

1969/70 Mr WL Rush MBE

1970/71 Mr AE Liddicut

1970/71 Mr WL Jacobs

1972/73 Mr HH Oakley

1972/73 Mr JA Ledward MBE

1972/73 Mr B Cosgrave

1973/74 Mr JW Meehan

1975/76 Mr CG Stuckey

1975/76 Mr EC Kirton BEM

1975/76 Mr J Ryder

1976/77 Mr D Fitzmaurice

1977/78 Mr WK (Keith) Burnham

1977/78 Mr SH McCorkell

1977/78 Mr EK Tolhurst

1978/79 Mr CA Tuttleby

1979/80 Mr KE Rigg MBE 1979/80

W King 1980/81

SJE Loxton

WJ Roberts 2001/02 Mr JS Batty

2001/02 Dr GS McKie

2001/02 Mr KJ Kearney

2002/03 Dr CM Jain

2002/03 Mr G Schickerling

2002/03 Mr PJ Marshall

2003/04 Mr SNC Murch

2004/05 Mr DA Patrick

2004/05 Mr DM Richards OAM

2005/06 Mr RG Hepburn

2005/06 Mr JR Atkinson

2005/06 Mr RA Hare

2006/07 Mr RF Merriman AM

2006/07 Mr KW Jacobs OAM

2006/07 Mr WJ Smyth OAM

2007/08 Mr IN Crawford

2007/08 Mr KG Fewster OAM

2007/08 Mr JA Malligan

2007/08 Mr EW Parker

2008/09 Mr J Peters

2008/09 Mr RA Steele

2010/11 Mr RG Lloyd

2010/11 Mr MD Taylor

2010/11 Mr JG Craig

2010/11 Mr IR Redpath MBE

2010/11 Mr G Joslin

2010/11 Mr GN Yallop

2010/11 Ms S Tredrea

2010/11 Mr DM Jones AM

2010/11 Mr SK Warne

2011/12 Mr PM Warner OAM

2011/12 Mr GC O'Donnell

2011/12 Ms C Fitzpatrick

2011/12 Mr AN Connolly

2011/12 Mr MG Hughes

2012/13 Mr RJ Bright OAM

2012/13 Mr JD Higgs OAM

2012/13 Ms M Jennings

2012/13 Mr K Noy

2013/14 Mr MM Smith

2013/14 Mr ER Eddings

2013/14 Mr D Kelly

2013/14 Mr JW McConville

2013/14 Mr KW Stone

2013/14 Mr KI Carroll

2013/14 Mr RD MacKenzie

2013/14 Ms J Crowther

2013/14 Ms L Taylor

2013/14 Ms S Faram

2013/14 Ms R Calder

2013/14 Dr J Savage

2015/16 Mr GL Tamblyn OAM

2016/17 Mr D Crow

2016/17 Mr T O'Hoy

2017/18 Ms S Crow

2017/18 Mr JB Cassidy

2017/18 Mr J Sheehan

2017/18 Mr M Findlay

2017/18 Ms A Gordon

2017/18 Ms R Thompson

2017/18 Mr RM Cowper

2017/18 Mr AP Sheahan

2017/18 Mr M Walsh OAM

2017/18 Mr AIC Dodemaide OAM

2017/18 Mr RW Thomas

2017/18 Mr W Riches

2017/18 Mr D Prendergast

2019/20 Mr PW Binns

2019/20 Ms M Knee

2020/21 Mr KH Eastwood

2020/21 Mr T Wodak

2021/22 Mr K Sharp

Mr
Mr
OBE
Mr
MBE 1980/81 Mr WJ Price 1980/81 Mr
Richards 1981/82 Mr J Birch 1982/83 Mr HL Numa
Mr LV Maddocks
Mr
Nunn 1986/87 Mr FH Tyson 1987/88 Mr WK Tickner
1980/81
A Gray
DL
1983/84
1983/84
HA
1987/88 Mr HT Houston 1988/89 Mr
(John) Edwards 1988/89 Mr
Neate 1988/89 Mr K Mitchell 1989/90 Mr KJ Smith 1990/91 Mr DR Bowtell 1990/91 Mr WK Collicoat OAM 1990/91 Mr CL Fairbairn OAM 1990/91 Mr G Murray 1990/91 Mr DM Stewart 1990/91 Mr KB Thomas 1990/91 Mr PD Williams 1991/92 Mr RC Steele OBE 1991/92 Mr RJ Parish CMG OBE 1991/92 Hon LHS Thompson CMG AO 1991/92 Mr RJ Sincock 1991/92 Mr JL Chambers 1992/93 Mr
1993/94 Mr
1993/94 Mr
1994/95 Mr
1994/95 Mr
1994/95 Mr
Reeve 1994/95 Mr
Wright 1994/95 Mr
Shipley 1996/97 Mr
Hannan 1997/98 Mr
Edwards 1997/98 Mr
Jones 1997/98 Mr
Finch 1997/98 Mr
1998/99 Mr
1999/00 Mr
1999/00 Mr
OAM
Mr
JN
BC
LK Ewart
JR Beitzel
JW Mann
FT Murphy
GG Morris
MH
HN
CG
PJ
JE
PD
RL
WM Lawry AM
WK (Warwick) Burnham
MA Gray AM
IR Huntington
2001/02
CRICKET VICTORIA 24

CRICKET VICTORIA 200 CLUB

Allan, C

Allardice, GJ

Amalfi, AJ

Aparo, Ms A

Applebee, Ms KM

Armstrong, WW

Augustin, JM

Austin, NJ

Ayres, WG

Bailhache, RC

Baker, EA

Baker, LJ

Banfield, Ms SA

Baring, FA

Baring, HT

Barrow, A

Bartlett, RA

Bath, Ms J

Batty, Ms VL

Beames, PJ

Beams, Ms KM

Beer, MA

Berger, CAC

Berry, DS

Binch, Ms BC

Blackie, DD

Blundell, NC

Boland, SM

Bomford, DN

Booth, GR

Boraston, PM

Borovec, AP

Bowtell, DR

Bray, Ms EJ

Bright, BW

Bright, RJ

Brock, Ms CE

Brown, AE

Brown, Ms KM

Buchanan, LGL

Buckstein, Ms R

Bull, AG

Buszard, NR

Butterworth, HWJ

Callen, IW

Calvert, J

Cameron, Jack Jr

Cameron, Jack Sr

Cantwell, JJ

Cashen, SJ

Chadwick, AL

Challis, Ms N

Chambers, JL

Chapman, TC

Chasemore, MF

Ciavarella, Ms M

Clapham, AW

Cleghorn, Ms P

Cohen, BL

Collicoat, WK

Collins, JR

Connolly, AN

Considine, BT

Copeland, WJ

Cormack, GF

Cowper, DR

Cowper, RM

Cox, PJ

Craig, SAJ

Daniel, J

Dart, SP

Davenport, CM

Davey, G

Davies, B

Davies, GA

Davies, PJ

Davis, SP

Day, MNL

Dean, Ms J

Dean, TJ

Dempsey, DM

Dempster, RA

Denholm, Ms L

di

Venuto, P

Dick, WA

Dickinson, AJ

Dickson, PJ

Dodemaide, AIC

Donnell, TF

Dowling, GP

Dudley, WJ

Duffin, Ms JE

Dymond, PJ

Eastwood, KH

Eddings, ER

Edwards, John

Elliott, Ms SJ

Elliott, MTG

Emerson, DA

Emerson, NL

Entwistle, CT

Finch, AJ

Fitzpatrick, Ms CL

Fleming, DW

Fletcher, BR

Flynn, S

Forbes, DG

Forsyth BS

Franklin, Ms JA

Frith, Ms J

Galbraith, MG

Gardiner, GB

Gell, Ms S

Gillespie, PJ

Gloury, TP

Gordon, Ms DA

Goring, Ms M

Grace, AG

Graf, SF

Grant, AJ

Grant, JW

Groves, DJ

Gulbis, EP

Hamilton, JW

Handscomb, PSP

Hansen, MJ

Hanton, M

Hargraves (later Pitman), Ms

EL (Billie)

Harmer, JC

Harper, SB

Harris, CJ

Harris, DA

Harvey, IJ

Harvey, MR

Harvey, Ray

Harvey, RN

Hassett, AL

Haynes, Ms RL

Healy, GEJ

Hempenstall, Ms K

Herbert, SA

Herft, D

Hetherington, PA

Hewett, ISL

Hibbert, PA

Higgs, JD

Higgs, JKE

Hill (nee Fitzsimmons), Ms S

Hill, JC

Hill, Ms L

Hill, MW

Hill, SF

Hobba, GK

Hodge, BJ

Holland, GJ

Holland, JM Holt, DW

Hosking, PM

Howard, Ms JA

Howard, R

Howe, Ms J

Hughes, MG Hunter, Ms JL

Huntington, IR Hussey, DJ Illingworth, EP Inglis, Ms EJ

Ireland, D

Ironmonger, H Isherwood, RC

Jacobs, WL

Jacoby, JR

James, LH

Jansz, KC

Jennings, Ms M

Jensen, PH

Jewell, N

Jinks, A

Johnson, IWG

Johnson, WJ

Johnston, WA

Jones, AP

Jones, DM

Jones, Ms M Jordon, RC

Joseland, BR

Joshua, G

Joyce, BA

Keating, JL

Kellar, GJ

Kendall, KHD

Kenny, A

Kent, AJ

Kershaw, Ms EJ

Kight, DG King, DA

King, LJ

King, Ms A

Kingston, PA

Kinnear, WG

Kirby, KW

Klinger, M

Lalor, GA

Lanning, Ms A

Lanning, Ms MM

Lansdown, AJW

Laughlin, TJ

Lawry, WM

Ledward, JA

Lewis, ML

Liddicut, AE

Lincoln, BE

Lindsay, GP

Lloyd, RG

Loorham, JDB

Lowery, DW

Loxton, SJE

Lynch, NW

Maddocks, IL

Maddocks, LV

Maddocks, RI

Maddocks, SR

Mash, LR

Mason, Ms CL

Mathers, H

Matthews, Ms E

Matthews, RG

Maxwell, GJ

McAlister, PA

McArdle, BJ

McCooke, SM

McDonald, AB

McDonald, CC

McDonald, DA

McFarlane, Ms B

McGain, BE

McGuinness, Ms W

McIntyre, Ms E

McKay, CJ

McKenzie, I

Meikle, GS

Melbourne, AJ

Miles, JG

Millar, KJ

Miller, JF

Mitchell, R

Monckton A

Monks, I

Monohan, P

Montague, Ms D

Montague, Ms SG

Morrow, GTD

Moss, JK

Mottau, OS

Mullett, LT

Murray, G

Murray, WWB

Nankervis, DB

Nanopoulos, JA

Neivandt, B

Neville, KJ

Noblett, Ms N

Numa, HL

Oakley, HH

O’Brien, LPJ

O’Donnell, Ms A

O’Donnell, SP

O’Halloran, WM

O’Keefe, MP

O’Meara, Ms P

O’Neill, KV

Onyons, BA

O’Sullivan, MJ

O’Sullivan, TDB

Page, R

Paisley, Ms U

Parry, RL

Patterson, RG

Pattinson, DJ

Pattinson, JL

Pauwels (nee Foster), Ms M

Peake, CJ

Pearson, WE

Phillips, WN

Pickles, Dr M (Ms)

Plant, HJ

Ponsford, WH

Potter, J

Price, AE

Quiney, RJ

Radley, Ms JR

Rae (nee Adams), Ms D

Ransford, VS

Reber, R

Redpath, IR

Reece, CJ

Reiffel, PR

Ricci, BP

Richardson, GW

Rigg, KE

Ring, DT

Ringham, MP

Roach, PJ

Robertson, APS

Robinson, DB

Robinson, RD

Rodgers, SE

Root, L

Rose, JE

Ross, NJ

Rowan, DN

Rummans, GC

Russ, DJ

Russ, JI

Ryder, J

Saker, DJ

Salvana, LC

Sambell, Ms A

Sandford, HCA

Sandri, CS

Sartori, D

Saunders, Ms K

Savage, Dr J (Ms)

Schilov, Ms N

Schlittler, N

Scholes, WJ

Seymour, SP

Shanahan, DR

Shannon, JF

Shaw, JH

Sheahan, WP

Sheedy, CI

Sheehan, TV

Shepard, DJ

Shipperd, G

Sholly, MWD

Siddle, PM

Sincock, RJ

Smith, Ms CR

Smyth, TJ

Smyth, WJ

Stackpole, KR

Stackpole, KW

Stephens, JL

Stephens, RS

Strano, Ms MR

Stratford, RW

Stray, TD

Stuart, IM

Stuckey, JH

Sundberg, PGA

Sutherland, JA

Sutherland, Ms A

Symons, MF

Tamblyn, GL

Tate, DA

Taylor, MD

Taylor, SJ

Templeton, RI

Theodore, Ms SR

Thies, GM

Thomas, KB

Thompson, Ms RH

Tredrea, Ms SA

Turner, RR

Vaughan, F

Villani, Ms EJ

Vimpani, GR

Vine, Ms A

Walerys, TA

Walker, L

Walker, MHN

Walsh, BT

Walsh, MK

Walton, A

Ward, AP

Ward, JD

Warne, SK

Warne, TS

Warren, Ms C

Waters, SB

Watson, G

Watters, JC

Watts, GM

Watts, LJ

Watts, RW

Welsford, TH

Whatmore, DF

Whichello, KA

White, CL

White, Ms CH

Whiteside, WG

Wiener, JM

Williams, Ms I

Wilson, Ms ER

Wilson, WY

Wise, AB

Woodford, JRH

Wrigglesworth, IA

Yallop, GN

Yeomans, FC

York, MCA

Young, PW

ANNUAL REPORT 2022—23 25
ABN 28 004 128 812 29 30 34 35 36 38 39 40 41 42 CORPORATE DIRECTORY DIRECTORS’ REPORT AUDITOR’S INDEPENDENCE DECLARATION DIRECTORS’ DECLARATION INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS FINANCIAL STATEMENTS STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME STATEMENT OF FINANCIAL POSITION STATEMENT OF CHANGES IN EQUITY STATEMENT OF CASH FLOWS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2023
CRICKET VICTORIA 26
VICTORIAN CRICKET ASSOCIATION

CORPORATE DIRECTORY

DIRECTORS

Lydia Dowse

Shaun Richardson

Melissa McConnell

Penelope Cleghorn

Ross Hepburn

Sharyn McNeill

Paul Sealey

(appointed 30 August 2022)

Chris Bulford (appointed 31 August 2022)

Harish Rao

(appointed 6 June 2023)

Peter Williams

(ceased 29 August 2022)

David Maddocks (ceased 29 August 2022)

CHIEF EXECUTIVE OFFICER

Nicholas Cummins

SECRETARY

Michael Bullock

PRINCIPAL REGISTERED OFFICE

CitiPower Centre

Lakeside Drive

St Kilda VIC 3182

EXTERNAL AUDITOR

PricewaterhouseCoopers

2 Riverside Quay

Southbank VIC 3006

LEGAL ADVISORS

Lander & Rogers

Level 15

477 Collins Street Melbourne VIC 3000

BANKERS

Commonwealth Bank

Level 20, Tower 1 Collins Square

727 Collins Street

Docklands VIC 3008

INVESTMENT ADVISORS

JB Were

Level 42, Governor Phillip Tower 1 Farrer Place

Sydney NSW 2000

WEBSITE cricketvictoria.com.au

ANNUAL REPORT 2022—23 27

DIRECTORS’ REPORT

The directors present their report on the accounts of the Victorian Cricket Association (the Company) for the year ended 30 June 2023.

INFORMATION ABOUT THE DIRECTORS

The following names and particulars of the Directors of the Victorian Cricket Association during the Financial year and up to the date of this report are:

Name Role Particulars

Member of the Board since 2020, Chair of the Board and Chair of Nominations & Remuneration Committee.

Mr Hepburn has a long-standing association with Dandenong Cricket Club following a successful career in senior marketing and management roles in state, local government and small business.

He was a consultant to former Victorian Premier John Cain on a number of key projects during his tenure.

Member of the Board since 2022.

Mr Bulford is the Managing Director of Circ Consulting, a strategy and marketing consultancy.

Mr Bulford’s experience includes Marketing Director of Mars Petcare Australia, Managing Director of part of Heinz Australia, and General Manager of Marketing for the National Australia Bank. On the consultancy side, he worked for Booz Allen Hamilton.

Member of the Board since 2020, Member of the Nominations & Remuneration Committee.

Ms Cleghorn is currently the Assistant Principal at Viewbank College and has spent the last decade teaching Physical Education, supporting all students to access broad educational opportunities.

Ms Cleghorn also represented Box Hill Cricket Club for 16 years as a player, making more than 200 First XI appearances.

Member of the Board since 2019, Member of the Nominations & Remuneration Committee.

Ms Dowse joined Cricket Victoria following a career in sports law and event acquisition and development.

Ms Dowse was most recently the Executive Manager of Governance at the Western Australian Football Commission and has worked for both Tourism WA and the Victorian Major Events Company.

Member of the Board since 2021, member of the Finance, Audit, Investment & Risk Committee.

Ms McConnell is the Managing Director of MelSafe Audit and Compliance Services that specialises in risk management, compliance, and certification systems, covering health and safety, environmental, social accountability, health and wellbeing and information security.

Ms McConnell has been involved in community cricket for more than 25 years in a range of roles and is a former Vice President of Frankston-Peninsula Cricket Club.

Member of the Board since 2021, chair of the Finance, Audit, Investment & Risk Committee, member of the CV Foundation Advisory Committee.

Ms McNeill is a chartered accountant and tax lawyer with a successful career in finance and taxation at top tier accounting and law firms Arthur Andersen, EY and Allens, and is an experienced non-executive director focused on governance and finance in public sector, community and sporting organisations in Australia and Asia.

Having spent five years in Hong Kong, Ms McNeill led the Hong Kong Junior Australian Football League under AFL Asia and was a board member of national sporting body Cricket Hong Kong.

Member of the Board since 2023, member of the CV Foundation Advisory Committee.

Mr Rao has a background in chartered accounting and corporate finance and has been involved in the financial services industry in Australia in various roles for over three decades. He most recently pioneered the concept of business process outsourcing for accounting firms in Australia. He exited that business in 2004 to Sundaram Business Services Limited (“SBS”), the outsourcing arm of the Chennai based, US$5billion Sundaram Finance Group.

Mr Rao continued as Global Head of Business Development for SBS until 2021 and is now Chair of the Advisory Board.Mr Rao has been involved in the Australia India business space for over 2 decades and continues to advise companies on market entry opportunities between the two countries.Mr Rao is also a Non-Executive Director of the Australia India Chamber of Commerce Limited and the Australia India Institute (part of University of Melbourne).

CRICKET VICTORIA 28

Member of the Board since 2021.

Mr Richardson has spent the last two decades working in the banking and finance sector and is currently a Business Banking Executive at NAB, leading teams and specialising in strategy development, transaction execution and driving customer advocacy.

He also previously worked for Melbourne Storm and Cricket Victoria in commercial operations and sales roles.A former 1st XI player with both St Kilda and Dandenong Cricket Clubs and spent nearly 20 years at Caulfield Cricket Club in a range of roles.

Member of the Board since 2022, Member of the Finance, Audit, Investment & Risk Committee.

MEETINGS OF DIRECTORS

Mr Sealey is a Co-Founder and Partner of Escala Partners, an Australian wealth management firm that was established over 9 years ago. Previously, Mr Sealey worked at UBS Wealth Management as an Investment Advisor and prior to that was a Tax Analyst at Goldman Sachs JBWere.

Mr Sealey is also a Director and Co-Founder of Cocofrio, a health food brand that specialises in manufacturing and distribution of health food products. Mr Sealey played for over 16 years as a 1st XI player for Prahran and Frankston Peninsula CC.

The following table sets out the number of directors’ meetings held during the financial year and the number of meetings attended by each director (while they were a director).

M = Number of meetings Director could have attended

A = Number of meetings attended

COMMITTEES

Three key standing committees have been established to assist the Board in fulfilling its responsibilities:

i) Finance, Audit, Investment & Risk Committee - Oversees financial reporting, risk management and internal controls, internal and external audit, insurance, WHS and IT governance, investment strategy, strategic planning, capital expenditure, annual budgets and monthly financial performance.

ii) Nominations & Remuneration Committee - The Committee’s primary responsibility is in leading and recommending (to the Board) on matters including but not limited to strategies, policies and/or processes in relation to the nomination of candidates for relevant appointments to the Board, the CA Board and the CA Nominations Committee, the evaluation of the CV Directors’ performance and, in consultation with the CA Chair, the performance of the CV appointee on the CA Board; the overall remuneration of CV staff, including the Chief Executive Officer and (in consultation with the Chief Executive Officer) other members of the Executive.

ii) CV Foundation - The foundations primary responsibility is in assisting Management in partnering with the ASF to drive initiatives seeking funding from potential donors; assisting in the consideration, development and review of Foundation fundraising programs and projects; facilitating an ethical, lawful and compliant approach to Foundation fundraising and acquittal of donated funds and generating investment in the Foundation itself.

Paul Sealey B. Comm. MAICD
Director Board meetings Finance, Audit, Investment & Risk Committee Nominations & Remuneration Committee CV Foundation M A M A M A M A David Maddocks 1 1 Peter Williams 1 1 1 1 Lydia Dowse 8 7 4 4 Ross Hepburn 8 7 4 4 Penelope Cleghorn 8 8 4 4 Shaun Richardson 8 7 2 2 Melissa McConnell 8 8 8 8 Sharyn McNeill 8 8 8 8 1 1 Paul Sealey 7 7 6 6 Chris Bulford 7 6 Harish Rao 1 1
ANNUAL REPORT 2022—23 29

DIRECTORS’ REPORT

BOARD STRUCTURE

The directors of the Victorian Cricket Association consist of six elected directors and three appointed directors. The term of the elected directors is up to three years with two elected directors elected at each Annual General Meeting. The term of each elected director will expire at the conclusion of the third Annual General Meeting following their election. Elected directors are eligible for re-election following the expiry of their term. No elected director who has served for a total of 3 consecutive terms shall be eligible for re-election (except in extenuating circumstances) until the third Annual General Meeting following the date of conclusion as a director.

The elected directors may appoint a maximum of three appointed directors for a term of up to three years. Appointed directors are eligible for further appointment following expiry of their term. No appointed director who has served for a total of 3 consecutive terms shall be eligible for re-election for at least 3 years following the date of conclusion as a director.

PRINCIPAL ACTIVITIES

The principal activities of the Victorian Cricket Association during the financial year were the ongoing promotion, management and control of cricket in the State of Victoria. The Victorian Cricket Association delivers a range of activities including community cricket programs, coaching, talent identification and development, staging of State and Big Bash matches, and provides valuable resources for the ongoing growth and promotion of the game of cricket throughout Victoria.

The objective of the company is to be Australia’s leading cricket state, supporting and growing grassroots cricket throughout Victoria, delivering the finest cricket performance program for elite men’s and women’s cricket and growing our fan base through the Big Bash.

There were no significant changes in the nature of the company’s activities during the year.

DIVIDENDS

In respect of the financial year ended 30 June 2023, no dividends were declared or paid (2022: $Nil). The company is a public company limited by guarantee, is a not for profit and is therefore precluded from paying dividends.

REVIEW OF OPERATIONS

The movement in revenues versus prior year can be attributed to an increase in BBL revenues across sponsorship, ticketing and memberships as the WBBL and BBL seasons returned to normality after two COVID-19 impacted years. Funding received from Cricket Australia increased versus prior year and was in line with contractual obligations between CA and CV. Government assistance increased versus prior year as a result of CV securing state and local government support for various initiatives, including hosting WBBL and BBL fixtures in regional Victoria. CV’s managed funds recovered strongly versus prior year with an unrealised gain of $667,391 reported in this year versus an unrealised loss of ($1,224,060) last year. Costs increased versus prior year, notably in travel and match related expenses as the domestic cricket season returned to a sense of normality.

Activities during the financial year returned a surplus for the Company of $746,531 (2022 loss $3,677,609).

Net cash outflows from operating activities were $8,461. The Company balance sheet continues to remain in a strong position despite the challenges encountered throughout the COVID-19 pandemic.

SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS

In the opinion of the Directors, other than as set out in this report, there were no significant changes in the state of affairs of the company that occurred during the financial year under review.

EVENTS SINCE THE END OF THE FINANCIAL YEAR

No matter or circumstance has arisen since 30 June 2023 that has significantly affected the company’s operations, results or state of affairs, or may do so in future years.

ENVIRONMENTAL REGULATION

The company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory.

RECOGNISING AND MANAGING RISK

The Board is responsible for ensuring the adequacy of the Victorian Cricket Association’s risk management and is assisted in doing

this by the Finance Audit Investment and Risk Committee. This includes ensuring the establishment, implementation and annual review of the Victorian Cricket Association risk management systems, ensuring that they are designed to protect the Company’s reputation and manage key business, strategic and financial risks.

The Finance Audit Investment and Risk Committee reviews the risk management framework on a regular basis and satisfies itself that management has appropriate systems in place for managing risk and maintaining internal controls. The CEO and senior management team are responsible for identifying, evaluating and monitoring risk in accordance with the risk management framework.

INSURANCE OF OFFICERS AND INDEMNITIES

Clause 31 of the Constitution provides that the company will to the extent permitted by law, indemnify officers of the company in respect of any liability incurred by the officer in or arising out of the proper performance of any duty of the business of the Association.

The Directors, CEO and Company Secretary of the Victorian Cricket Association are provided with a Deed of Indemnity, Access & Insurance with the company. No benefit has been received under an indemnity from the company during the year ended 30 June 2023 or to the date of this report.

The company has paid an insurance premium in respect of an insurance contract that covers directors and officers of the company against any liability arising in or out of the conduct of the business of the company and the proper performance of any duty of that director or officer. Due to the confidential undertakings of the policy, no further details in respect of the premium or policy can be disclosed.

PROCEEDINGS ON BEHALF OF THE COMPANY

No person has applied to the Court under section 237 of the Corporations Act 2001 for leave to bring proceedings on behalf of the Company, or to intervene in any proceedings to which the Company is a party, for the purpose of taking responsibility on behalf of the Company for all or part of those proceedings.

CRICKET VICTORIA 30

AUDITOR’S INDEPENDENCE DECLARATION

A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 34.

MEMBERS GUARANTEE

The company is a public company limited by guarantee. If the company is wound up, the Constitution states that each voting member is required to contribute an amount not exceeding $100 towards the Victorian Cricket Association’s property while they are a member or within one year after their membership ceases. At 30 June 2023 the members held 25 votes with each Men’s Premier Club (one vote), VMCU and VCCL (one vote each), VSDCA (two votes) and the Women’s Premier Clubs (through the WPP) collectively (three votes). (2022: 25 votes).

ROUNDING OF AMOUNTS

The Company is of a kind referred to in ASIC Legislative Instrument 2016/191, relating to the ‘rounding off’ of amounts in the directors’ report. Amounts in the directors’ report have been rounded off in accordance with the instrument to the nearest thousand dollars, or in certain cases, to the nearest dollar.

SHARYN MCNEILL DIRECTOR 03/08/2023
ANNUAL REPORT 2022—23 31
ROSS HEPBURN DIRECTOR 03/08/2023

Auditor’sIndependenceDeclaration

AsleadauditorfortheauditofVictorianCricketAssociationfortheyearended30June2023,I declarethattothebestofmyknowledgeandbelief,therehavebeen:

(a)nocontraventionsoftheauditorindependencerequirementsofthe CorporationsAct2001 in relationtotheaudit;and

(b)nocontraventionsofanyapplicablecodeofprofessionalconductinrelationtotheaudit.

PricewaterhouseCoopers,ABN52780433757

2RiversideQuay,SOUTHBANKVIC3006,GPOBox1331,MELBOURNEVIC3001

T:61386031000,F:61386031999,www.pwc.com.au

Melbourne
3August2023
AndrewCronin
Partner PricewaterhouseCoopers
LiabilitylimitedbyaschemeapprovedunderProfessionalStandardsLegislation. Victorian Cricket Association 30 June 2023 8 CRICKET VICTORIA 32

DIRECTORS’ DECLARATION

In the Directors’ opinion:

(a) the financial statements and notes set out on pages 38 to 52 are in accordance with the Corporations Act 2001, including:

(i) complying with Accounting Standards, the Corporations Regulations 2001 and other mandatory professional reporting requirements, and

(ii) giving a true and fair view of the entity’s financial position as at 30 June 2023 and of its performance for the financial year ended on that date, and

(b) there are reasonable grounds to believe that the Company will be able to pay its debts as and when they become due and payable.

This declaration is made in accordance with a resolution of directors.

ANNUAL REPORT 2022—23 33

Independentauditor’sreport

TothemembersofVictorianCricketAssociation

Ouropinion

Inouropinion:

TheaccompanyingfinancialreportofVictorianCricketAssociation(theCompany)isinaccordance withthe CorporationsAct2001,including:

(a)givingatrueandfairviewoftheCompany'sfinancialpositionasat30June2023andofits financialperformancefortheyearthenended

(b)complyingwithAustralianAccountingStandards-SimplifiedDisclosuresandthe Corporations Regulations2001

Whatwehaveaudited

TheCompanyfinancialreportcomprises:

●thestatementoffinancialpositionasat30June2023

●thestatementofchangesinequityfortheyearthenended ●thestatementofcashflowsfortheyearthenended

●thestatementofprofitorlossandothercomprehensiveincomefortheyearthenended ●thenotestothefinancialstatements,whichincludesignificantaccountingpoliciesandother explanatoryinformation ●thedirectors’declaration.

Basisforopinion

WeconductedourauditinaccordancewithAustralianAuditingStandards.Ourresponsibilitiesunder thosestandardsarefurtherdescribedinthe Auditor’sresponsibilitiesfortheauditofthefinancial report sectionofourreport.

Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasis forouropinion.

Independence

WeareindependentoftheCompanyinaccordancewiththeauditorindependencerequirementsofthe CorporationsAct2001 andtheethicalrequirementsoftheAccountingProfessional&Ethical StandardsBoard’sAPES110 CodeofEthicsforProfessionalAccountants(includingIndependence Standards) (theCode)thatarerelevanttoourauditofthefinancialreportinAustralia.Wehavealso fulfilledourotherethicalresponsibilitiesinaccordancewiththeCode.

Otherinformation

Thedirectorsareresponsiblefortheotherinformation.Theotherinformationcomprisesthe informationincludedintheAnnualFinancialReportfortheyearended30June2023,butdoesnot includethefinancialreportandourauditor’sreportthereon.

PricewaterhouseCoopers,ABN52780433757

2RiversideQuay,SOUTHBANKVIC3006,GPOBox1331,MELBOURNEVIC3001

T:61386031000,F:61386031999

LiabilitylimitedbyaschemeapprovedunderProfessionalStandardsLegislation.

VictorianCVictorianCricket Association 30
10 CRICKET VICTORIA 34
June 2023

Ouropiniononthefinancialreportdoesnotcovertheotherinformationandaccordinglywedonot expressanyformofassuranceconclusionthereon.

Inconnectionwithourauditofthefinancialreport,ourresponsibilityistoreadtheotherinformation and,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancial reportorourknowledgeobtainedintheaudit,orotherwiseappearstobemateriallymisstated.

If,basedontheworkwehaveperformedontheotherinformationthatweobtainedpriortothedateof thisauditor’sreport,weconcludethatthereisamaterialmisstatementofthisotherinformation,weare requiredtoreportthatfact.Wehavenothingtoreportinthisregard.

Responsibilitiesofthedirectorsforthefinancialreport

ThedirectorsoftheCompanyareresponsibleforthepreparationofthefinancialreportthatgivesa trueandfairviewinaccordancewithAustralianAccountingStandards-SimplifiedDisclosuresandthe CorporationsAct2001 andforsuchinternalcontrolasthedirectorsdetermineisnecessarytoenable thepreparationofthefinancialreportthatgivesatrueandfairviewandisfreefrommaterial misstatement,whetherduetofraudorerror.

Inpreparingthefinancialreport,thedirectorsareresponsibleforassessingtheabilityoftheCompany tocontinueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusing thegoingconcernbasisofaccountingunlessthedirectorseitherintendtoliquidatetheCompanyorto ceaseoperations,orhavenorealisticalternativebuttodoso.

Auditor’sresponsibilitiesfortheauditofthefinancialreport

Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialreportasawholeis freefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditor’sreportthat includesouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethat anauditconductedinaccordancewiththeAustralianAuditingStandardswillalwaysdetectamaterial misstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterial if,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomic decisionsofuserstakenonthebasisofthefinancialreport.

AfurtherdescriptionofourresponsibilitiesfortheauditofthefinancialreportislocatedattheAuditing andAssuranceStandardsBoardwebsiteat:http://www.auasb.gov.au/auditors_responsibilities/ar3.pdf. Thisdescriptionformspartofourauditor'sreport.

AndrewCronin Melbourne Partner 3August2023 11 VictorianCVictorianCricket Association 30 June 2023 ANNUAL REPORT 2022—23 35
PricewaterhouseCoopers

STATEMENT OF PROFIT OR LOSS

AND OTHER COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2023

**Restructuring expenses incurred as a result of organisational changes within the company in FY22.

The above consolidated statement of profit or loss and other comprehensive income should be read in conjunction with the accompanying notes.

Notes 2023 $ 2022 $ Revenue from contracts with customers 4 48,022,355 41,106,555 Interest income 21,671 970 Gain/(loss) attributable to movements in fair value in investment property and investment portfolio 1,744,354 (858,100) Gain/(loss) attributable to Australian Cricket match cost sharing model - (470,551) Employee benefit expenses (25,733,525) (23,055,826) Restructuring expenses** - (197,726) Consultants expenses (450,042) (293,718) Depreciation & Amortisation expense (1,518,495) (1,503,749) Cricket match expenses (7,193,519) (6,408,190) Travel, catering and corporate hospitality expenses (3,780,528) (2,954,132) IT and communication expenses (522,073) (477,790) Repairs, hire and equipment expenses (1,585,073) (1,151,215) Awards, promotion and advertising expenses (1,372,559) (1,052,447) Motor vehicle expenses (698,468) (575,787) Other expenses (2,962,121) (2,702,882) Profit/(Loss) before tax and grants to associated bodies 3,971,977 (594,588) Income tax expense 1(c) -Grants to associated bodies (3,225,446) (3,083,021) Profit/(Loss) for the period 746,531 (3,677,609) Other Comprehensive Income -Total comprehensive income for the period 746,531 (3,677,609)
CRICKET VICTORIA 36

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2023

The above consolidated statement of financial position should be read in conjunction with the accompanying notes.

Notes 2023 $ 2022 $ Current assets Cash and cash equivalents 15 4,202,290 4,681,086 Trade and other receivables 5 1,402,329 1,159,180 Other financial assets 6 21,432,966 19,811,850 Other current assets 7 350,955Total current assets 27,388,540 25,652,116 Non-current assets Property, plant and equipment 9 40,123,520 41,130,075 Right-of-use assets 11 3,530,048 3,450,310 Investment properties 8 12,300,000 12,300,000 Other assets 14,645 16,244 Total non-current assets 55,968,213 56,896,629 Total assets 83,356,753 82,548,745 Current liabilities Trade and other payables 10 2,383,649 2,285,332 Lease liabilities 11 142,427 167,530 Provisions 12 588,154 622,055 Other financial liabilities 13 2,075,275 2,027,755 Other current liabilities - 100,000 Total current liabilities 5,189,505 5,202,672 Non-current liabilities Lease liabilities 11 3,562,749 3,455,337 Provisions 12 867,467 900,225 Total non-current liabilities 4,430,216 4,355,562 Total liabilities 9,619,721 9,558,234 Net assets 73,737,032 72,990,511 EQUITY Share capital - 10 Retained earnings 73,737,032 72,990,501 Total equity 73,737,032 72,990,511 ANNUAL REPORT 2022—23 37

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 JUNE 2023

The above consolidated statement of changes in equity should be read in conjunction with the accompanying notes.

Share capital $ Retained earnings $ Total $ Balance at 1 July 2021 10 76,668,110 76,668,120 Loss for the period - (3,677,609) (3,677,609) Total comprehensive income for the period - (3,677,609) (3,677,609) Balance at 30 June 2022 10 72,990,501 72,990,511 Share capital $ Retained earnings $ Total $ Balance at 30 June 2022 10 72,990,501 72,990,511 (Loss)/profit for the period (10) 746,531 746,521 Total comprehensive income for the period (10) 746,531 746,521 Balance at 30 June 2023 - 73,737,032 73,737,032 CRICKET VICTORIA 38

STATEMENT OF CASH FLOWS

AS AT 30 JUNE 2023

The above consolidated statement of cash flows should be read in conjunction with the accompanying notes.

Notes 2023 $ 2022 $ Cash flows from operating activities Receipts from customers 46,691,605 40,148,480 Payments to suppliers and employees (47,303,247) (42,811,318) Receipts of grants 736,646 479,461 Interest received 21,671 970 Interest paid - leases (138,214) (132,899) Net cash inflow (outflow) from operating activities 15(a) 8,461 (2,315,306) Cash flows from investing activities Payments for property, plant and equipment (336,670) (419,208) Proceeds from disposal of property, plant and equipment 26,000 14,000 Net cash (outflow) from investing activities (310,670) (405,208) Cash flows from financing activities Principal elements of finance lease payments (176,587) (114,058) Net cash (outflow) from financing activities (176,587) (114,058) Net (decrease) in cash and cash equivalents (478,796) (2,834,572) Cash and cash equivalents at the beginning of the financial year 4,681,086 7,515,658 Cash and cash equivalents at end of year 15 4,202,290 4,681,086 ANNUAL REPORT 2022—23 39

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of preparation

These general purpose financial statements have been prepared in accordance with Australian Accounting Standards and Interpretations issued by the Australian Accounting Standards Board and the Corporations Act 2001. The Victorian Cricket Association is a not-for-profit entity for the purpose of preparing the financial statements.

Where necessary comparative amounts have been represented or reclassified to ensure compatibility with the current year.

(i) Compliance with Australian Accounting Standards - Simplified Disclosure Requirements

The financial statements of the Victorian Cricket Association comply with AustralianAccounting Standards - Simplified Disclosure Requirements as issued by the Australian Accounting Standards Board (AASB).

(ii) Historical cost convention

The financial report has been prepared on the basis of historical cost, except for the revaluation of certain non-current assets and financial instruments. Cost is based on the fair values of the consideration given in exchange for assets. All amounts are presented in Australian dollars.

(b) Financial reporting framework

The Company is not a reporting entity because in the opinion of the directors there are unlikely to exist users of the financial report who are unable to command the preparation of reports tailored so as to satisfy specifically all of their information needs. Accordingly, the ‘general purpose reduced disclosure financial report’ has been prepared to satisfy the directors’ reporting requirements under the Corporations Act 2001.

(c) Income tax

No provision for income tax has been raised as the company is exempt from income tax under Division 50 of the Income Tax Assessment Act 1997.

(d) Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of associated GST, unless the GST incurred is not recoverable from the taxation authority. In this case it is recognised as part of the cost of acquisition of the asset or as part of the expense.

Receivables and payables are stated inclusive of the amount of GST receivable or payable. The net amount of GST recoverable from, or payable to, the taxation authority is included with other receivables or payables in the Statement of financial position. Cash flows are presented on a gross basis. The GST components of cash flows arising from investing or financing activities which are recoverable from, or payable to the taxation authority, are presented as operating cash flows.

2. SIGNIFICANT CHANGES IN THE CURRENT REPORTING PERIOD

The financial position and performance of the Company was impacted with the following transaction during the reporting period:

• Funding from Cricket Australia returned to 100% of FY23 contractual base funding that resulted in an additional $2.1m in revenue versus the prior year.

3. CRITICAL ESTIMATES, JUDGEMENTS AND ERRORS

In the application of the company’s accounting policies, which are described below, the directors are required to make judgements, estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

CRICKET VICTORIA 40

4. REVENUE FROM CONTRACTS WITH CUSTOMERS

ACCOUNTING POLICIES

Revenue is measured at the fair value of the consideration received or receivable.

Revenue from Cricket Australia

Revenue from Cricket Australia is generated via contributions from Cricket Australia to support the management of operations of the business, state teams & W/BBL teams. As per AASB 15, revenue from Cricket Australia is recognised when the specified performance obligations have been satisfied.

Grant revenue

Where contracts contain specified performance obligations, as per AASB 15, revenue from grants and other contributions is recognised when the specified performance obligations have been satisfied. Where contracts do not contain specified performance obligations, as per AASB 1058, revenue from grants and other contributions is recognised immediately in profit or loss.

Revenue from cricket matches

Revenue from cricket matches is generated via proceeds from ticket sales, memberships, merchandise and hospitality to T20 Big Bash League matches and domestic state team matches. As per AASB 15, revenue from cricket matches is recognised when the specified performance obligations have been satisfied.

Sponsorship revenue

As per AASB 15, sponsorship revenue is recognised when the specified performance obligations have been satisfied.

Other revenue

Revenue is recognised when the specified performance obligations have been satisfied.

2023 $ 2022 $
Revenue from Cricket Australia 34,668,418 30,661,290 Grant revenue 736,646 479,461 Revenue from cricket matches 4,276,023 2,546,951 Sponsorship 5,704,618 5,433,099 Registrations 796,538 533,136 Rental revenue 497,168 414,057 Profit on sale of assets - (1,918) Other revenue 1,342,944 1,040,479 48,022,355 41,106,555
ANNUAL REPORT 2022—23 41

5. TRADE AND OTHER RECEIVABLES

ACCOUNTING POLICIES

Trade receivables are recognised initially at the amount of consideration that is unconditional unless they contain significant financing components, when they are recognised at fair value. They are generally due for settlement within 30 days and are therefore all classified as current. The Company holds the trade receivables with the objective of collecting the contractual cash flows and therefore measures them subsequently at amortised cost using the effective interest method.

Collectability of trade receivables is reviewed on an ongoing basis. Debts which are known to be uncollectible are written off. A provision for impairment of trade receivables is raised based on the expected credit loss model under AASB 9. The Company recognises a provision if required based on historical default rates, debtor analysis and the company’s monitoring of credit risk.

Accrued income

Revenue is recognised on an accrual basis in accordance with the substance of the relevant agreements.

6. OTHER FINANCIAL ASSETS

ACCOUNTING POLICIES

Investments are recognised and derecognised on trade date where the purchase or sale of an investment is under a contract whose terms require delivery of the investment within the time frame established by the market concerned, and are initially measured at fair value, net of transaction costs except for those financial assets classified as at fair value through the profit or loss which are initially measured at fair value.

Financial assets at fair value through profit or loss

Financial assets are classified as financial assets at fair value through the profit or loss where the financial asset:

(i) has been acquired principally for the purpose of selling in the near future;

(ii) is a part of an identified portfolio of financial instruments that the company manages together and has a recent actual pattern of short-term profittaking; or

(iii) is a derivative that is not designated and effective as a hedging instrument.

Financial assets at fair value through the profit or loss are stated at fair value, with any resultant gain or loss recognised in the profit or loss. The net gain or loss recognised in the profit or loss incorporates any dividend or interest earned on the financial asset. Fair value is determined in the manner described below.

The fair values of financial assets measured at fair value are determined as follows:

i) the fair value of financial assets with standard terms and conditions and traded on active liquid markets are determined with reference to quoted market prices;

ii) the fair value of other financial assets (excluding derivative instruments) are determined in accordance with generally accepted pricing models based on discounted cash flow analysis.

Equity instruments are held for trading whilst debt instruments are not held for the purpose of payment of principal and interest. Therefore, these financial assets do not meet the criteria for amortised cost or fair value through other comprehensive income and should be recognised as fair value through profit or loss.

2023 $ 2022 $
Current Trade receivables 1,345,883 1,125,961 Accrued income - 5,667 Cricket association loans - 12,500 Other receivables 56,446 15,052 1,402,329 1,159,180 2023 $ 2022 $
Managed funds at fair value 20,321,577 19,281,667 Managed cash funds at fair value 1,111,389 530,183 21,432,966 19,811,850
CRICKET VICTORIA 42

Prepayment predominately relate to expenses associated with the Major League Cricket Competition occurring in July 2023. These are fully reimbursable to the Victorian Cricket Association.

ACCOUNTING POLICIES

Investment property, which is property held to earn rentals and/or for capital appreciation, is measured initially at its cost, including transaction costs. Subsequent to initial recognition, investment property is measured at fair value. Gains or losses arising from changes in the fair value of investment property are included in profit or loss in the period in which they arise.

The Company obtains detailed independent valuations for its investment properties every three years with independent desktop valuations provided for the intervening two years. At the end of each reporting period, the Company updates its assessment of the fair value of each property, taking into account the most recent independent valuations. The Company determines a property’s value within a range of reasonable fair value estimates.

ended 30 June 2023

ACCOUNTING POLICIES

Property, plant and equipment, is initially recorded at cost and then reduced by accumulated depreciation and any impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the item. In the event that settlement of all or part of the purchase consideration is deferred, cost is determined by discounting the amounts payable in the future to their present value as at the date of acquisition.

Plant and equipment is depreciated so that the assets are written down to their residual value over their useful lives, using a straight line method. Assets that relate to leases are written off over the period of the lease or useful life, whichever is shorter. Residual values, useful lives and amortisation methods are reviewed annually and adjusted when required. No changes to depreciation rates were made during the year.

If applicable, leasehold improvements are depreciated over the period of the lease or estimated useful life, whichever is the shorter, using the straight line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each annual reporting period, with the effect of any changes recognised on a prospective basis.

Depreciation expense is recorded in the statement of profit or loss and other comprehensive income.

2023 $ 2022 $ 8. INVESTMENT PROPERTY Investment properties - Independent valuation 12,300,000 12,300,000 2023 $ 2022 $ 7. OTHER CURRENT ASSETS Prepayments 350,9559. PROPERTY, PLANT AND EQUIPMENT Buildings at cost $ Plant and equipment at cost $ Motor vehicles $ Total $ At 30 June 2022 Cost or fair value 42,846,000 4,343,475 212,912 47,402,387 Accumulated depreciation (3,576,042) (2,486,558) (209,713) (6,272,313) Net book amount 39,269,958 1,856,917 3,199 41,130,074 Year
Opening net book amount 39,269,958 1,856,917 3,199 41,130,074 Additions 68,468 253,557 - 322,025 Depreciation and Amortisation expenses (961,079) (366,700) (800) (1,328,579) Closing net book amount 38,377,347 1,743,774 2,399 40,123,520
ANNUAL REPORT 2022—23 43

• Buildings 5 - 50 years

- 30 years

When an asset is sold, scrapped or no longer of use to the business it is derecognised. Any gain or loss arising on derecognition of the asset (calculated as the difference between the net proceeds and the carrying amount of the asset) is recorded in the period the asset is derecognised in the statement of profit or loss and other comprehensive income.

ACCOUNTING POLICIES

Trade payables and other payables are recognised when the Company becomes obliged to make future payments resulting from the purchase of goods and services. Trade and other payables are carried at amortised cost.

11. LEASES

(i) Amounts recognised in the statement of financial position

(ii) Amounts recognised in the statement of profit or loss and other comprehensive income

2023 $ 2022 $
TRADE AND OTHER PAYABLES Trade payables 799,892 871,455 Other creditors and accruals 1,583,757 1,413,877 2,383,649 2,285,332 2023 $ 2022 $ Right-of-use assets Property 3,261,491 3,195,725 Motor vehicles 252,837 233,831 Equipment 15,720 20,755 3,530,048 3,450,311 Lease liabilities Current 142,427 167,529 Non-current 3,562,749 3,455,337 3,705,176 3,622,867
10.
2023 $
Property 84,823 Motor vehicles 5,035 Equipment (13,862) Interest expense 138,214 Expenses relating to short-term leases 9,491
Depreciation charge of right-of-use assets
• Plant and equipment 2
• Motor Vehicles 4 - 5 years
Derecognition and disposal
CRICKET VICTORIA 44

THE GROUP’S LEASING ACTIVITIES AND HOW THESE ARE ACCOUNTED FOR

The Company leases Junction Oval, two surrounding ovals in the nearby Albert Park precinct, gym equipment and motor vehicles. Rental contracts are typically made for fixed periods of one year to four years, but may have extension options as described below. The property lease for the Junction Oval is a 50year lease.

Contracts may contain both lease and non-lease components. For all leases where both lease and non-lease components exist, predominantly motor vehicle contracts, the Company has elected not to split the payments into lease and non-lease components.

Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease arrangements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as security for borrowing purposes.

As per AASB 16 Leases, leases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Company.

Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments:

• fixed payments (including in-substance fixed payments), less any lease incentives receivable

• variable lease payment that are based on the Victorian Cricket Association’s incremental borrowing rate (based on the published interest rate used by similar entities to the Victorian Cricket Association). Initially measured using the incremental borrowing rate as at commencement date of 1 July 2019

• amounts expected to be payable by the Company under residual value guarantees

• the exercise price of a purchase option if the Company is reasonably certain to exercise that option, and

• payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.

Lease payments to be made under reasonably certain extension options are also included in the measurement of a liability. The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, the Victorian Cricket Association’s incremental borrowing rate is used, being the rate that the Company would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.

To determine the incremental borrowing rate, the Company:

• uses the lease impact assessment provided by accounting firm BDO, whereby the incremental borrowing rate was based on the published interest rate used by similar entities to the Victorian Cricket Association.

The Company is exposed to potential future increase in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-ofuse asset.

Lease payments are allocated between principal and finance costs. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period.

Right-of-use assets are measured at cost comprising the following:

• the amount of the initial measurement of lease liability

• any lease payments made at or before the commencement date less any lease incentives received

• any initial direct costs, and

• restoration costs

Right-of-use assets are generally depreciated over the shorter of the asset’s useful life and the lease term on a straight line basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset’s useful life.

Payments associated with short-term leases of property, equipment and vehicles and all leases of low-value assets are recognised on a straight line basis as an expense in the profit or loss. Short term leases are leases with a lease term of 12 months or less.

Extension and termination options

Extension and termination options are included in a number of properties, equipment and motor vehicle leases across the Company. The majority of extension and termination options held are exercisable only by the Company and not by the respective lessor.

ANNUAL REPORT 2022—23 45

12. PROVISIONS

ACCOUNTING POLICIES

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at reporting date, taking into account the risks and uncertainties surrounding the obligation.

Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Employee benefits

A liability is recognised for benefits accruing to employees in respect of wages and salaries, annual leave and long service leave when it is probable that settlement will be required, and they are capable of being measured reliably.

Liabilities recognised in respect of employee benefits expected to be settled within 12 months are measured at their nominal values using the remuneration rate expected to apply at the time of settlement.

Liabilities recognised in respect of employee benefits which are not expected to be settled within 12 months are measured as the present value of the estimated future cash outflows to be made by the Company in respect of services provided by employees up to the reporting date.

13. OTHER LIABILITIES

Income

The main contributors of income received in advance relate to Cricket Australia funding for the Australian Cricket Infrastructure Fund and sponsorship revenue relating to FY24.

14. FINANCING FACILITIES

The Victorian Cricket Association has an overdraft facility of $200,000 of which the unused portion at reporting date is $200,000. The overdraft facility was not utilised during the year.

The company also has a contingent liability facility limit of $515,000 of which $260,000 has been provided as bank guarantees as part of the redevelopment of the Kevin Murray Stand at Junction Oval. These may be called upon in the event that Cricket Victoria breaches its contractual obligations.

2023 $ 2022 $
received in advance 2,075,275 2,027,755 2023 2022 Current $ Non-current $ Total $ Current $ Non-current $ Total $
Employee benefits 588,154 867,467 1,455,621 622,055 900,225 1,522,280
CRICKET VICTORIA 46

15. CASH AND CASH EQUIVALENTS

ACCOUNTING POLICIES

For the purposes of the statement of cash flows, cash and cash equivalents includes cash on hand and in banks, net of outstanding bank overdrafts. Cash and cash equivalents at the end of the financial year as shown in the cash flow statement is reconciled to the related items in the statement of financial position.

(a) Reconciliation of profit or (loss) after income tax to net cash inflow from operating activities

2023 $ 2022 $
Cash at bank 4,202,290 4,681,086
Notes 2023 $ 2022 $ Profit/(loss) for the period 746,531 (3,677,609) Adjustments for Depreciation and amortisation 1,518,495 1,503,749 Unrealised (gain)/loss on revaluation of investment properties - (250,000) Net (gain)/loss on managed funds (1,621,116) 1,231,257 Net (gain)/loss on sale of non-current assets - 1,917 Movement in working capital Trade and other receivables (243,149) (485,137) Other assets (350,955) 4,605 Trade and other payables 77,792 (279,732) Provisions (166,657) (150,288) Income received in advance 47,520 (214,068) Net cash inflow (outflow) from operating activities 8,461 (2,315,306)
ANNUAL REPORT 2022—23 47

16. RELATED PARTY TRANSACTIONS

(a) Key management personnel compensation

Key management personnel include executives with authority for the strategic direction and management of the Company.

Key management personnel remuneration for the year ended 30 June 2023 is set out below:

ACCOUNTING POLICIES

Short-term benefits

Short-term employee benefits are expensed as the related service is provided. A liability is recognised for the amount expected to be paid if the Company has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

Termination benefits

Termination benefits are expensed at the earlier of when the Company can no longer withdraw the offer of those benefits and when the Company recognises costs for a restructuring. If benefits are not expected to be settled wholly within 12 months of the end of the reporting period, then they are discounted.

(b) Transactions with other related parties

No amounts paid in respect to related party transactions for the year ended 30 June 2023. The Australian Cricket match costs sharing models for BBL11 and WBBL07 respectively ceased as of 30 June 2022.

17. ECONOMIC DEPENDENCY

A significant amount of the Victorian Cricket Association’s revenue is received through contributions from Cricket Australia. Cricket Australia and the Victorian Cricket Association have extended the current funding agreement for a further year to 30 June 2024. Negotiations for a new four-year funding agreement will commence in early FY2024.

2023 $ 2022 $ Total remuneration 1,875,595 1,851,220 2023 $ 2022 $ Queensland Cricket Association - (70,180) Cricket Australia - (400,371) CRICKET VICTORIA 48

18. FINANCIAL RISK MANAGEMENT

Financial Risk Management framework

The Company’s financial risk management policies cover risk tolerance, internal controls (including segregation of duties), investments and delegated authority limits in addition to the reporting of any exposures through board committees and ultimately to the board. These policies are reviewed at least annually and approved by the board of directors.

(a) Market risk

Market risk is the risk that changes in market prices, such as interest rates and equity prices - will affect the Company’s income or the value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising the return.

(i) Interest rate risk

Interest rate risk refers to the risk that the value of a financial instrument or cash flows associated with the instrument will fluctuate due to changes in market interest rates. Interest rate risk arises from interest-bearing financial assets that the Company utilises. Interest-bearing financial assets are generally shortterm liquid assets.

(ii) Price risk

Equity price risk arises from financial assets designated at fair value through profit or loss held by the Company in the form of investments in listed equities. The portfolio of investments is managed by external portfolio managers, who buy and sell equities based on their analysis of returns. The asset position and returns are reported to the Finance Audit Investment & Risk Committee on a regular basis.

(b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by cash. The Company’s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company ensures at all times an appropriate level of liquidity comprising primarily of cash resources. To facilitate this, the Company monitors forecasted and actual cash flows and undertakes analysis to ensure adequate liquidity is available for the Company . The Company aims to have sufficient cash or cash equivalents on demand and investments that can be liquidated at short notice to meet operational expenses for a period of up to 60 days.

(c) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations.

The carrying amount of financial assets represents the maximum credit exposure.

When measuring the expected credit losses, balances have been grouped based on the days past due. The ageing of the Company’s current trade receivables is disclosed below:

Based on historical default rates, debtor analysis and the Company’s monitoring of credit risk, no impairment allowance is considered necessary in respect of trade receivables not past due.

Not past due and past due 0-30 days balances represent 97.5 per cent of the total balance. The remaining balance relates to customers considered low risk based on their association with the Victorian Cricket Association.

The current expected loss rate for the Company is 0%.

2023 $ 2022 $ Not past due 1,300,544 542,072 Past due 0-30 days 12,606 19,095 Past due 31-120 days 32,733 585,419 1,345,883 1,146,586 ANNUAL REPORT 2022—23 49

19. EVENTS OCCURING AFTER THE REPORTING PERIOD

Cricket Victoria will enter in negotiations with Cricket Australia to finalise a new funding agreement for a further four years which will commence from 1 July 2024.

20. REMUNERATION OF AUDITORS

The external auditor for the Victorian Cricket Association is PricewaterhouseCoopers (2022: PricewaterhouseCoopers)

The internal auditor / lease management service provider for the Victorian Cricket Association is BDO (2022: BDO)

2023 $ 2022 $
External Auditor Audit of the financial report 61,000 57,250 2023 $ 2022 $ Internal Auditor Internal audit/Lease management services 5,150 19,500 CRICKET VICTORIA 50

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ANNUAL REPORT 2022—23 51
CITIPOWER CENTRE – JUNCTION OVAL LAKESIDE DRIVE, ST KILDA VIC 3182 T: 03 9085 4000 F: 03 9085 4001 W: cricketvictoria.com.au E: vca@cricketvictoria.com.au
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