Trent Bridge Annual Report 2018

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2018 ANNUAL REPORT & ACCOUNTS 10 exceptional deficit. Over the past ten years the average surplus had been £224,000, so the result for 2017 of £279,000 fitted well within those parameters. In summary Mr Ellis stated that 2017 was a return to showing a surplus for the year (£279,117 pre tax) after the previous year’s deficit (£741,076). International matches drove the financial results as the year the Club did not host a Test Match (2016) produced a deficit. 2017 produced a strong cash flow performance, with an increase of £789,807 in cash and cash equivalents. Finally, Mr Ellis reported that the budget set for 2018 showed a surplus for the year. Mr J Chambers voiced his concern at the level of debts and creditors, which had risen from £11m in 2016 to £15m in 2017. Mr Ellis replied that the Chief Executive and Finance Director would not allow the Committee to expend any money that would put the Club in jeopardy and had ensured the long-term debt could be satisfied. The subject of facilities investment and debt would be a cause for major discussion over the following few years. The Executive and Committee were very mindful that the Club did not get itself into the same predicament some grounds had found themselves in in recent years. Ms Pursehouse stated that the value of creditors had risen year- on-year as in 2016 Trent Bridge had not hosted a Test match, but it had in 2017. The majority of creditors related to the purchase of in advance sales for International cricket. In answer to a question from Mr P Measures as to whether there was any possibility of increasing the capacity of the ground - particularly with regard to the William Clarke stand which he felt had become an eyesore, Mr Tennant stated that capacity was not necessarily a priority and the ECB’s staging requirements had altered over the years. Mr Tennant stressed that the priority for the Club was to service the debt and it would not take on more than it could repay. He was proud that Nottinghamshire was financially one of the best run Clubs in the country. It was proposed by Mr P G Wright, seconded by Mr R A Dawson and unanimously approved by those present that the Annual Report and Statement of Accounts be adopted. 6. CRICKET REPORT Director of Cricket Mick Newell reported that the team had set out in 2017 with some pretty ambitious targets for the season. Achieving promotion was the number one priority and improving on the run of near misses and knock-out round defeats in both 50 and 20-over cricket was also high up on the list to improve. By the end of the season the team had surpassed everyone’s expectations – and the players gave the Club one of the greatest seasons in its long history. Not since 1987, when Rice and Hadlee were at their peak, and the great Ken Taylor was one of the first Cricket Managers, had they won two trophies in one season and come close to making it a treble. For that, Mr Newell emphasised, the players and coaches deserved huge credit. The hard work that went on all winter was rewarded with exceptional team and individual performances. Peter Moores and the rest of the support staff brought skill, knowledge and commitment to turning around the disappointment of 2016, and they continued to do so as they prepared The trophies from the Outlaws’ 2017 double success on display at Trent Bridge. £10.8M INCOME FOR YEAR ENDING 30 SEPT 2017