2023 ANNUAL REPORT

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2023 ANNUAL REPORT & ACCOUNTS 36 In my Treasurer’s report to the 2023 AGM, I noted that we would be expecting to show a significant deficit in our financial results for 2022-2023, just as we did in 2016 when we last experienced a ‘normal’ (non-World Cup) year without men’s Test cricket. PAU L E L L I S TREASURER’ S REPORT In a year where costs also continued to soar and inflation hit a 41-year high, 2023 proved to be in line with expectations. Our international schedule broke new ground; we were proud to host the onlyWomen’s Ashes Test Match, welcoming a record attendance of over 23,000 spectators toTrent Bridge – with a significant number being new to not only our venue, but to cricket as a whole. This fixture was granted to us as an addition to our original major match allocation, and although it generated a six-figure operating profit, the financial returns were not comparable to those of men’s international cricket. The accompanying chart highlights the main sources of income in 2023 (fig.1) . Figures relating to retail, catering and hospitality are shown within their own income lines and are recorded separately to match receipts. The importance of men’s Test matches to our financial performance remains clear – and ultimately, our year-end position reflects this. Our financial results for 2022-2023 show a pre-tax deficit position of £0.99m, which represents a positive uplift against budget. A complete overview of the financial results is shown within the full set of accounts on the subsequent pages of this report. We generated £14.3m of income (comparing favourably to £15.6m in 2022 and £14.1m in 2021), but the negative impact on our primary commercial income streams is stark. Our international match receipts reduced by over £2.5 million from 2022 levels. The scheduling of our major matches was challenging from a sales perspective, with our IT20 against New Zealand, our ODI against Ireland and the Metro Bank One Day Cup Final all played in a three-week period during September. It is testament to the loyalty of our members and supporter base that both of our white ball internationals were close to sell-out. Our Vitality Blast home fixtures at Trent Bridge were again compressed into an extremely tight schedule, with five games in thirteen days during June. Nevertheless, domestic match day sales increased from 2022 and drove over £650k in total revenue, surpassing budget expectations. Catering and hospitality continued to drive meaningful revenue, and our attempts to diversify our offering by introducing ‘ticket plus’ packages such as the T20Takeout and the Century Club led to an increase in bookings compared to previous years. Retail sales are growing year on year, with the operation recording its highest daily turnover for Trent Rockets’ fixture against Manchester Originals in The Hundred. The increase in ECB Distribution can be attributed to the additional funding that is ringfenced to support the delivery of the East