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| PETER FREEMAN Treasurer | Crisis? What crisis? Sun Headline, 11.1.79, misquoting the Rt Hon. James Callaghan |
This is my first report as Treasurer of the Association...............Although the accounts show a deficit of £6614, the true deficit if you take into account the bequest from the late Ted Bates of £25,750, is £32,364.
Annual Report & Accounts, year to 31.10.2003.
I am writing in reply to your e-mail regarding the 2004 Accounts.....I am pleased that someone does read the accounts and I hope that I can answer your points satisfactorily......
TRAINING COSTS
Training of umpires is our "business". The increased costs reflects the Training Forums conducted during the year to improve the skills of our instructors and examiners. The costs of these is covered by the Sponsorship monies. I understand you have received a copy of the e-mail that Chris Rawson sent to Keir Hopley which fully explains the Sponsorship monies and the Debtors.
SPONSORSHIP MONEY
The £30,000 sponsorship which was hoped to have been included in last years accounts and the £50,000 sponsorship was procurred (sic) and paid direct from the sponsors to the suppliers of the lap tops and data projectors supplied to instructors during 2004.
I trust the above fully answers your questions.
16.2.2005: e-mail to Derek Honnor.
There was a surplus for the year of £40,730 compared with the deficit of £6,614 the previous year.
Minute 30(xii), AGM 19.3.2005.
Debtors and unexpired charges increased by 92.48% to £118,671, two invoices being outstanding as at 31 October 2004.
Minutes 31(iii), AGM 19.3.2005.
Referring to suggestions from certain quarters that General Council, the Executive Board, the Finance Board and the Association's Auditors had, in some way, colluded to deliberately conceal a £60,000 loss, the Treasurer said that they were not only a slur on the integrity of each of these bodies but absolute nonsense. He added that had they wanted, or even thought, to do so they would have been far more creative and imaginative than simply setting down such an obviously bald sum.
Minute 34, AGM 19.3.2005.
The Treasurer opined that unless anyone had personally been involved in negotiating high-level, long-term funding - particularly sponsorship funding - they could have no idea of how difficult and complex it was.
Minute 36, AGM 19.3.2005.
Concluding his explanation as to the missing sponsorship, the Treasurer said the Association did have a fallback position that could be activated in the highly unlikely event that it all went belly up.
Minute 38, AGM 19.3.2005.
The past year has been traumatic to say the least. First and foremost, the £100,000 invoice that was raised in good faith at the end of last year proved to be uncollectible and was cancelled.
Treasurer's Report 2004/5 (Which omits to mention the year's loss of £75,936).
Regrettably it proved necessary to liquidate our equity investments during the year.
Treasurer's Report 2004/5. (Still, there's always a silver lining. We made a small profit on the sale!)
Crisis? What crisis?