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Northants Cricket Announce a Profit

Northants Cricket is delighted to announce a profit of £22k for the financial trading year up to 30^th September 2011.

The County Ground was subject to an ECB Audit of facilities and qualified for a full Memorandum of Understanding (MOU) TSF payment during 2011. The Directors now believe the ground to be one of the best non test match grounds in the country and are very heartened with customer and media feedback.

The club reports a slight decrease in turnover in some very difficult trading conditions. Many companies had restricted budgets for entertaining, which had an adverse effect on the corporate hospitality and advertising market.

Chief Executive David Smith said of the results, “Overall the club is pleased with the progress made during the year and I believe we are well placed to benefit from the investments made.

“On the cricket front, many of our players at various different stages this winter have enjoyed cricket abroad, including Andrew Hall, Niall O’Brien, Jack Brooks, Stephen Peters, Kyle Coetzer, David Willey, Chaminda Vaas and many more of our younger players have also had spells of cricket out of the country, so we feel we will be very well prepared for our first four day Championship match of the Season on 5^th April.”

“With this in mind and with the current challenging economical trading conditions we recently made the decision that the playing staff would not be spending two weeks in South Africa as previously planned, but would instead along with a number of other first class counties prepare for the coming season in home conditions.”

The club is still hopeful of attracting outside investment to help strengthen the team by adding a left arm spinner to the playing squad.

2011 accounts

Minutes of the Annual General Meeting, held at the County Ground

31^st March 2011

A minutes silence was held to remember those who have passed away in the last year.

1. To Elect the President of the Club

The Rt Honourable the Lord Naseby was proposed as President by Mr Martin Lawrence and elected by a show of hands

2. Apologies of Absence

Apologies were received from David Beckett, Jim Hawkins, John Scopes, Michael Wells, Jill Gibb and John Barnes.

3. Minutes of Previous Meeting

Minutes of the Annual General Meeting Held on the 4^th March 2010 were proposed and seconded, and the President signed them as a true record

4. Chairman’s Statement

The Chairman read out his 2010 report – a copy of which is appended to these minutes

Mr Trevor Bailey was concerned about what would happen with the pictures and memorabilia in Lynn Wilson Centre that had been removed.  Mr Mark Tagg assured Mr Bailey that the pictures would go back up in the Lynn Wilson Centre, and that the memorabilia was now located in the foyer of Spencer Pavilion.

5. CEO Report

The Chief Executive read out his 2010 report – a copy of which is appended to these minutes

Mr Tagg was asked if moving the Net area to the Bowling Green generated more income from the ECB.  Mr Tagg confirmed that it only fulfilled ECB criteria and that all age groups and academy players would also reap the benefits of the area.

Mr Tagg was asked if it was possible not to have the Television scaffold in front of the Turner Suite.  Mr Tagg confirmed that Sky have agreed to remove the scaffolding after each game.  Mr Tagg was also asked if it would be possible to create a walkway around the scaffolding, but due to Health and Safety reasons this would not be possible.

Mr Simon Schanschieff asked if we are likely to achieve a profit this year, and Mr Tagg answered that it was important that we returned to profit and we are currently anticipating same, but we are heading into our busiest time of the year and need membership and gate receipts to achieve budget.

Mr Schanschieff accepted that fifteen of the first class Counties had made losses last year but he suggested that, with much of our income guaranteed and our low cost base, it was disappointing that we had not been able to show a profit. He asked the Chief Executive, six months into the current financial year, what he expected the outturn for the year would be. The Chief Executive replied that the forecast was for a small profit. He added that this could not be guaranteed, but with an anticipated strong performance from the Marketing department, including particularly the Elton John Concert, and hopefully good results on the field he still hoped this could be achieved.

6. To Receive and Adopt the Annual Accounts

The President proposed the approval of the Accounts and this was approved by a pre-count vote.

7. Questions to Head Coach/First Team Manager

Mr David Capel answered questions from the floor.

Mr Capel was asked about the spinning section.  He confirmed that we have James Middlebrook and he also had high hopes for Tom Brett, and Johan Botha was joining us for Twenty20 season.  Mr Capel was also asked if the squad were fully and he confirmed that they were.

8. To Appoint Auditors for 2011

The President proposed that Macintyre Hudson be re-appointed as Auditors which was approved by a pre-count vote

9. Amendment to Articles of Association

Mr Douglas Iles explained the amendment, and the amendment was agreed by a pre-count vote

10. To consider and if thought fit, to re-appoint the following persons as Directors of the Club

Mr Martin Lawrence, Mr Ian Peck, Mr Nigel Felton and Mr Douglas Iles were re-appointed.

11. Any Other Business

The President was asked if the voting figures for the election of Directors could be announced – Mr Lawrence received 65 votes, Mr Peck 63 votes, Mr Felton 60 votes, Mr Iles 51 votes and Mr Thompson 35 votes.

The meeting concluded at 8.20pm