Cricket Scotland posts pre-tax surplus
Mon, Mar 15, 2010 11:42 AM
Cricket Scotland has reported its best-ever financial results, with a pre-tax surplus of £135,000 in 2009. It has also donated £35,000 to the Cricket Scotland Development Trust for its work in supporting member clubs with grants for their imaginative projects.
The board’s turnover increased by 23% to £1.8 million, as a result of ICC and SportScotland investment, and also participation in the ICC World Twenty20 2009 in England, which boosted the governing body’s financial reserves to £164,000.
Under its community development programme, Cricket Scotland was able to report more than 18,000 participating children, with a record 263 schools taking part in the Schools Cup. Further investment in its performance development programme helped national and regional age group teams with some excellent individual and team performances.
Keith Oliver, Chairman of Cricket Scotland, said on its website: "It is clear that our national side is going through a period of transition, so it was pleasing to be able to set aside significant reserves to support future success - and to consolidate our award-winning development programme in such an impressive manner."
Chief Executive Roddy Smith commented: "We are delighted that our annual report is showing such positive growth across all aspects of the game. Increased ICC funding enabled us to invest more in all our activities, and our structures and development programmes are in excellent shape for the future. It is especially pleasing in difficult economic times to report a healthy surplus for the year, which will enable us to continue to invest in the sport’s further development in Scotland."