Page 7 - Climate Control News Oct-Nov 2020

News
Industry grants hit by funding shortfall
ARBS FOUNDATION CHAIR, Ian Hopkins, said the COVID-19 pandemic has impacted the organisa- tion’s income stream reducing the number of grants made available to support industry programs.
Speaking at the foundation’s annual general meeting, Hopkins said the organisation complet- ed another successful 12 months of operation de- spite massive disruption caused by the global Coronavirus pandemic.
It led to the 2020 ARBS Exhibition scheduled for May to be postponed to 2022.
Hopkins said the 2022 event will be held in Mel- bourne rather than Syd- ney as originally planned.
He said this move has enabled the rolling over of the deposit paid to the Melbourne Exhi- bition Centre for 2020
and the avoidance of can- cellation fees had the event been cancelled all together.
“As a result of this change
all fees paid for 2020 have been refunded to ex- hibitors and cash will not recommence flow- ing to Exhibitions until the second half of 2021,” he said.
“ARBS Exhibitions did commit to make an an- nual financial grant to the Foundation to sup- port its programs. In light of the loss of income from the 2020 Exhibition, the payment for this financial year was held off.
“Nevertheless, the Foundation was able to continue to receive and deal with requests for funding for a range of projects.
“All of these requests have been considered on their merit. Some received funding others did not.”
Since its inception, the Foundation has made
ABOVE: ARBS Exhibition will return in 2022. LEFT : ARBS Foundation chair, Ian Hopkins.
available grants totalling $301,506. In the past fi- nancial year, grants totalled $102,106.
“Due to the loss of income for the 2021 finan- cial year and the likelihood that funds won’t be available from Exhibitions until late in the first half of the 2022 financial year the Foundation Board will need to be circumspect in approving projects,” he said.
Hopkins said the composition of the board of directors is being kept under review.
“I am very aware that the board needs to have gender balance,” he said.
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