Financial Results for 2021 confirmed

Wednesday 6th April 2022

Financial Results for 2021 confirmed

Kent County Cricket Club Ltd has announced its financial results for the year ending 31 October 2021.

In another COVID-impacted year, the Club’s turnover totalled £7.3million.

After interest, depreciation and the net impact of other items, the surplus for the year after taxation was £383,435 (deficit of £217,351 in 2020).

View 2022 Annual Report & Accounts

Against its primary financial performance measurement of EBITDA, (earnings before interest, tax, depreciation and amortisation), the year shows a surplus of £968,021 (£213,620 in 2020).

Income was supported with the limited return of crowds and gradual lifting of COVID-19 restrictions throughout the season.

A home Vitality Blast Quarter Final boosted ticket sales whilst the Club received over £30,000 in donations from Members and supporters.

Income was also helped by an increase in payments from the England and Wales Cricket Board (ECB) under the new County Partnership Agreement.

As the Club continued to face into the challenges of the Pandemic, strict financial controls were maintained across the business whilst also continuing prudent investment in cricket and the Club’s two venues at Canterbury and Beckenham.

Honorary Treasurer, Derek Taylor, said: “Despite the continued impact of the COVID-19 Pandemic, the Club exceeded the financial targets we set for the year.

“Everyone across the Club worked tirelessly to deliver these results and ensure that the Club was able to deliver success on and off the field.

“We are grateful for the continued support of our various stakeholders including our Members, supporters and commercial partners.

“Our budget for the year ending 31 October 2022 shows a gradual return to a more normal trading environment although with cost increases and a challenging economic climate we are mindful that 2022 will challenging.

“In-line with Government guidance, we are forecasting a return of full capacity crowds and will be staging a number of events including conferences, concerts and fireworks. We expect ECB income to be maintained.

“Costs are expected increase as inflation rises and we continue to invest in our young and talented squad. We also must continue to plan for essential expenditure at both Canterbury and Beckenham grounds which will be necessary to maintain and improve standards.”

Kent County Cricket Club Ltd. – Annual General Meeting (2022)

The Annual General Meeting (AGM) 2022 of Members of Kent County Cricket Club Limited will be held in the FGS Plant Harris Suite, Kent County Cricket Club, The Spitfire Ground, St Lawrence, Old Dover Road, Canterbury, Kent, CT1 3NZ on Monday 25 April 2022 at 19:00. 

Members will be asked to approve the new Club Rules and Terms of Reference plus ratify the new Board at the Club’s AGM. Members can gain entrance to the AGM upon presenting a valid Membership card for 2022. A postal voting process is also being run to allow as many Members as possible to take part. The deadline for receipt by the Club of any voting slip is 09:00 on April Monday 25 April, 2022.

In order that full and complete answers to questions at the Annual General meeting can be provided, Members are requested to submit these in writing to the Chief Executive, or alternatively email by the close of business on Monday 18 April 2022. This request does not preclude the Membership from asking spontaneous questions at the meeting. 

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