LL L&DCC TREASURER'S REPORT 2019- 2020

Date: 9th January 2021

FINANCIAL REPORT - YEAR TO 31 OCTOBER 2020

The audited Balance Sheet as at 31st October 2020 is attached to the AGM papers.

We were unable to receive the remaining payment of £5,000 from Liverpool Gin, although we thank them for the £10,000 previously received from their 3-year sponsorship agreement.

Our new sponsor, Love Lane Brewery, was unable to commit to any income, but provided “benefits in kind” with lots of beer for cup competition prizes and also professional advice on future L&DCC website development, for which we are grateful. Also, our thanks to ICON Sports who have continued to support the Comp.

Due to the much-publicised ECB financial difficulties, monies received for the 2020 season were £5,349, down from the 2019 figure of £13,445.

The management committee also decided that all subscriptions, affiliation fees and fines, etc would not be collected and interest free loans would be made available to our clubs.

There was a commitment that Women & Girls cricket and the Player Development programme would continue to be supported.

Due to the restricted amount of cricket matches played and reduced administrative costs the expenditure was reduced from £41,653 down to £16,638, a reduction of approximately £25,000.

The Management Committee recommends that the Club subscriptions for the 2021 season remain at the same level as 2020 which was £160, an interim one-year level from the previously agreed increased level of £200, although this amount was subsequently waived. Unless circumstances substantially change the fee to be charged will be £160 in 2021 and £200 in 2022.

It is the hope that the 2021 season will see a return to “business as usual” with minimal or no exceptions. However, I am not able to fully forecast our budget requirement due to circumstances relating to the financial/economic fall-out of Covid-19. Specifically, ECB grants, sponsorship and various LCF initiatives and probable changes.

The committee will continue to monitor the financial implications, for both the league and our clubs, and make the necessary changes as and when required.

Peter Fleetwood

Treasurer L&DCC

On behalf of the Management Committee.