1 July 2019-30 June 2020
ANNUAL REPORT
TABLE OF CONTENTS 01
INTRODUCTION
02
MESSAGE FROM THE CEO
03
ABOUT CBCC
04
EVENTS
05
ADVOCACY AND INITIATIVES
06
FINANCIALS
07
ACKNOWLEDGEMENTS
CBCC 2020 Annual Report
INTRODUCTION
We, the Canterbury Bankstown Chamber of Commerce (CBCC) is the fastest-growing Chamber in NSW and the only Chamber to have a dedicated staffing resource. We share the knowledge. Our guiding mantra is to empower, connect, and build not only business but friendships. We are strengthened by the diversity in our community, as we involve everyone who conducts commerce or trade. We are a Commerce Chamber - building better outcomes for our members and our community. Business success is more achievable when mentorship, education, and networking is available. When we share the knowledge our seasoned members help other members with business leadership and mentorship, focusing our efforts on facilitating business educational workshops through partnership and building professional networks. The CBCC helps its members build better reputations through connection to our community, the promotion of doing good things, and being community-minded. 2019 ended with great success. Standing united, we all strove to build a vibrant and flourishing community through championing business leadership. We were proud to be the platform for the united voice of our business community to realise our vision of building Canterbury-Bankstown into the premier destination to live, work, study and visit. However, 2020 truly tested the strength of our community. COVID-19 struck not only as a global health and economic crisis, but it hit our nation and local business community hard. We had to help our members find the light, and create new opportunities, support mental health issues, get good panelled advice to the public, and empower our member to stay resilient and truly 'make it happen'. Each week brought fresh news to the table that changed how we conducted business. We make a point to employ local businesses and venues in the CanterburyBankstown area, and every month the CBCC reinvested all event sponsorship into highlighting and supporting our local business community. Sponsors of CBCC events know that they're not only spreading their name to our sold-out events, Ticket sales went from $6,000 to $8,000, as our events they're also boosting our local economy.
CBCC 2020 Annual Report
Canterbury Bankstown is the gateway to the west and has massive opportunities for growth. According to .id the number of registered businesses grew from 36,619 in 2019 to 37,560 in 2020 with construction being the major industry. Similarly, the CBCC increased gross profit from 130,215 to 184,735 from 2019 to 2020, with a 28% increase in membership fees 97,000 to 125,000. We are placed in an area with massive potential for entrepreneurial growth. For our community footprint this year, we managed to gain and reinvest $37,000 into the local community through sponsorship, and $120,000 through reinvesting event funding. We also help fundraising initiatives for local Charities and not-forprofits, such as raising $5,000 for Bass Hill High School Breakfast Club. Business leadership is turning up, and giving your members what they need to do well. We turned up, and then we stepped up, while other chambers and organisations hibernated. This is where we drove forward as an example that with determination, dedication and innovation, transformation is possible. Pivoting into digital, we continued to facilitate strong communication and maximised local business exposure, working closely with Council, State and Federal representatives, key partners and stakeholders to continue proving that together, we are unstoppable.
CBCC 2020 Annual Report
MESSAGE FROM OUR CEO When we look back upon the latter half of 2019 and the flourishing success of the year, it's hard to imagine just how quickly the market, economy, business, life, and work changed in a matter of months. COVID-19 will continue to haunt the world for a long time, but it didn't only leave scars to recover from. Adversity unearths stories of resilience, strength, determination and adaptation. When everyone took a step back, the CBCC took a step forward. It is when trouble hits our community that advocacy is needed most. Pivoting into
The CBCC has undoubtedly grown, from
digital and providing a united voice to
$191,000 to $246,000 in trading
combat isolation and uncertainty - the
revenue from 2019 to 2020, and we are
CBCC is honoured and proud to have
looking to dive into even more initiatives
witnessed the strength and resilience
to support. We work together for a
of our members showcased in CBCC
brighter tomorrow. We promote business
Live TV TM, and the video #shoplocal
leadership, embodying courage, drive
campaign.
and ambition- nurturing the entrepreneurial spirit. That's what we
Canterbury-Bankstown continues to
advocate for.
have enormous growth potential. We are the gateway to the West. The
Diversity is our strength. Let's maximise
CBCC is an energetic, growing and
local business, and proclaim our region
prosperous chamber that continues to
as the prime destination to live, work,
deliberately and methodically develop
study and do business.
new opportunities for its members. -Wally Mehanna, CEO
CBCC 2020 Annual Report
ABOUT CBCC Our main aim as the Canterbury-Bankstown Chamber of Commerce is to build a vibrant and prosperous community, furthering the economic development in the CanterburyBankstown Region and beyond by advocating and facilitating best practice.
MEET OUR BOARD MEMBERS
Wally Mehanna CEO of CBCC
Bill Parasiris WSU
Philip Iacovou Lefand
Jason Arraj Forward Legal
Geoff Gaymer TAFE NSW
George Germanos Alliance Accounting
Kristina Kogias St. George Bank
Lee de Winton Sydney Metro Airport
Andrew Kim NAB CBCC 2020 Annual Report
OUR EVENTS PHYSICAL DIGITAL
Transformation is part of a business. Learning to evolve with the times, take the hits and grow is a mark of resilience that we are proud to have seen and demonstrated during the rise of COVID19 and its impact on the world, economy, and local businesses. We were there to represent member's needs, ensure recognition, support and promotion. When social restrictions hit, we pivoted to digital. We refused to stop our advocacy when the community needed it the most. Livestreaming networking, digital workshops, specialist classes highlighting
"We can achieve wonders and much more by replacing complacency and acceptance with courage and determination. We don't need to wait for others for change. Let's all be change agents in our own right and grasp the future.” —Wally Mehanna
how to succeed digitally - CanterburyBankstown thrives because of our tenacity and our united strength. CBCC 2020 Annual Report
NETWORKING EVENTS We are very proud to showcase the events of 2019-2020 and to support our community with direct spending the encouragement of spending to boost our local economy, and support employment.
29-July-19 Power of Networking in Western Sydney July was a month where we focused on networking, leadership and motivation as the catalyst for local businesses. On the night, participants discovered how networking can open the doors to talk to highly influential people that you wouldn’t otherwise be able to talk to.
10-August-19 CBCC Business Expo The CBCC Business Expo’s Theme for 2019 was ‘Connections Creating the Future’ with an emphasis on manufacturing and innovation. Through teamwork we have set out to spread the message of unity and collaboration.
30-September-19 Talking Business with the Police Commissioner RISEUP is a strategy developed by the NSW Police Commissioner Mick Fuller, connecting disengaged young people to workplace opportunities. It incorporates job ready programs, mentoring and vocational training for at risk youth aged between 15 and 18 to build their engagement with education, employment opportunities and the community.
15-November-19 Business Breakfast With a complimentary Business Breakfast with the guest of honour, The Hon. Damien Tudehope NSW Minister for Finance and Small Business, the CBCC, members and participants enjoyed a wonderful morning where we also celebrated the launch of REGUS Bankstown, the worlds largest provider in flexible workspace solutions.
CBCC 2020 Annual Report
NETWORKING EVENTS 28-Jan-20
#BA5 Business Networking Event Our networking events presents our vision at the CBCC, which is about connecting local businesses whilst generating vibrant leadership in the Canterbury Bankstown Region and beyond, creating not only a sense of belonging to an amazing community but a passion for a greater future for all through our efforts to connect
24-Feb-20 Making the RIGHT moves! Plan for your business future and success with a Q&A Panel from TAFE NSW showcasing the amazing opportunities available to you. The CBCC engaged a panel of key representatives from TAFE NSW, learning about the latest key training that can impact your business, local employment and help transform our community into a better place for all.
9-Apr-20 Responding to COVID-19 - Emerging HR Best
Practices PerformHR hosted a 4-part webinar series where they covered options, strategies and risks associated with planning and making changes to your workforce structure and costs; exploring options that supported employees at this time.
23-Apr-20 Digital Public Speaking Craig Morris from Leadership Creativity is an experienced leadership and business coach frequently delivering highly engaging talks to business groups. In this online workshop, Craig shared his insights on how you can deliver an engaging message both in person and via zoom. This was the first time many members had used zoom - a staple now.
CBCC 2020 Annual Report
2019 ANNUAL GALA 9-November-2019
Our annual Gala Dinner was a great success. Hosted at the Grand Ballroom by Bankstown Sports Club and attended by special guest the Hon. Gladys Bereiklian, MP, the night began and ended celebrating the efforts, triumphs and success of our local businesses and community. The event demonstrated our shared dedication to move ever onward towards future enterprises, opportunities, and growth no matter what the future may bring.
WOMEN IN LEADERSHIP 31-August-2020 More women are getting employed than ever before but the statistics of women in leadership are still drastically skewed. Gender equality is an ongoing conversation in the the global business community, and we are eager to do our part to continue progress. We advocate for true equal opportunities, building year-round initiatives to promote gender equality in business, leadership, management for women entrepreneurs and community leaders.
OUR DIGITAL EVENTS CBCC LIVE TV
TM
We launched a new direction for providing information, education and networking events in a digital world while socially distancing. We piloted a real-time “live streaming” event to engage a larger audience - reaching 18,000 a month. We were excited by this new direction and will continue to deliver online experiences, in new and more innovative ways. Live-streaming is an important part of our future to grow business connections across Australia. We teach while we learn. Networking in new ways allows our members to practise new
We can achieve wonders and much more by replacing complacency and acceptance with courage and determination. - Wally Mehanna
techniques, new technologies and builds confidence to communicate in new ways.
CBCC 2020 Annual Report
Episode 2 Peter Ristevski - Chan & Naylor Leah Ostermeyer - Collappor8 Sasi Virtanen - Perform HR Episode 3 George Kapos - McGrath Jo Johnston - Collappor8 Anthony Mathews - St George Bank
Thank You Episode 1 Jason Arraj - Forward Legal Jo Johnston - Collappor8 Steve Vassallo - Bankstown City Unity Bank Davy Nugyen - HeyYa TV Tom Haramis - THA Creative
Episode 4 Mark Condi - Bankstown Sports Club Clr Khal Asfour - Mayor Rebecca Pham - Launchpad - WSU Jo Johnston - Collappor8 Episode 5 Ahmad Harb - Al Aseel Jackson Aces John Doumani - Zip Water Jo Johnston - Collappor8 The Hon. Damien Tudehope Minister for Finance & Small Business
OUR PRIORITY We are the premier destination for business networking. We aspire to realise the potential that Canterbury-Bankstown has as the gateway to the west, building a thriving and vibrant community and amassing the voices of our local business community together to make changes that truly matter.
No. 01 — Advocacy We advocate, to provide better networking, collaboration, key stakeholders, improve business outcomes, and ensure our voice to local, state and federal levels is heard.
No. 02 — Business Leadership We promote business leadership, furthering our responsibility to sustainable business practices. To stand as a leader is to inspire others to follow. We stand to promote good business practice.
No. 03 — Community Doing good is good for business. We are all a part of our communities. By giving back to the communities that support our businesses, we are sustaining ourselves into the future.
No. 04 — Networking Increasing the connectivity, creating friendships, connecting business to government, NFPs to possible sponsors, traders to potential suppliers, we build strong and powerful bonds.
CBCC 2020 Annual Report
MEASURING PROGRESS For the year ending 30 June 2020, the CBCC realised $184,735 in profit, which is a 42% increase from the previous financial year with no borrowings. Despite the unexpected impacts of COVID-19, we have successfully sustained growth throughout the period as a testament to the determination of our community to come out of 2020 on top. Below is a summary of our main sources of revenue.
Type of Revenue
Membership Revenue
Ticket Sales
Annual Gala Sponsorship and Fundraising
Source
Revenue
Active promotion of CBCC as the premier destination for business networking
Membership Revenue Increased From $97,000 to $125,000, a 28% increase
Ongoing CBCC COVID-Safe Events through 2020
Increased ticket revenue from $6,000 to $8,000
Calling for sponsorship and celebrating the efforts of CBCC over the year.
2019 and 2020 both raised $68,000 from Annual Gala
CBCC 2020 Annual Report
OUR OPPORTUNITIES BECOME A SPONSOR Despite the difficulties that haunted 2020, our events and continuing efforts to support the community were supported by our generous sponsors. We thank all our sponsors for funding the success of our events, as well as invite more businesses to sponsor us! Sponsoring one of our popular CBCC events is a sure-fire way to spread your name, brand and what you do to your local community. Interested in becoming a sponsor to one of CBCC's future events? Don't hesitate to contact us at ceo@cbchamber.org.au.
VOLUNTEERING Volunteers are the lifeblood of any nonprofit organisation. It is due to the dedicated efforts of our volunteers that our Chamber can continue our events and operations so smoothly. We thank all of our ongoing volunteers for their contribution over the year! If you're interested in finding out more about our volunteering opportunities, check out our website and see how you can contribute and help in one of our events! CBCC 2020 Annual Report
NEXT STEPS The aftermath of COVID-19 will undoubtedly be a trial of resilience as we all strive forward into recovery. Hard-hit industries will finally take their first steps back into business, and 2020-2021 will be a different test of resilience and triumph. We have no doubts, however, that our members and community will continue being shining examples of resilience. This is why we will adapt our slogan: Expect the Unexpected and Triumph.
No. 01 — Prioritise Recovery We will dedicate every effort to support our members and local business community to stand as stably as they were before COVID
No. 02 — Business Leadership Standing as an example and promoting local leaders will be one of our main focuses - nurturing our youth and the future of our community
No. 03 — Increase Advocacy We are honoured by the expectations of our members to represent their voice on larger platforms, like the council, state and federal. We will work to ensure your voice will be heard.
No. 04 — Community Spirit Premier Gladys Berejiklian in her address to the CBCC Gala 2020 congratulated us on finding the right formula for business success. When the government and the business community can work together - great things can be accomplished within the community.
CBCC 2020 Annual Report
ABN:
30 June 20
Prepared by Collappor8
NSW Phone: 02 Email: accounts@collappor8.com.au
ACKNOWLEDGEMENTS This year wouldn't have been possible without our members and community. 2020 was undoubtedly tough, but we pulled through and joined hands to build ourselves a better foundation for the future. We thank all our members and their contribution to the CBCC, and we wish all and everyone the best for 2021 and beyond. Without your continued support, we could not have achieved so much this year.
Financial Report and Annual Report was written by Collappor8 Management Consultants
Contact Wally Mehanna - CEO P: 0416 012 747 E: ceo@cbchamber.org.au W: cbchamber.org.au
CBCC 2020 Annual Report