Surrey County Cricket Club

Transcription

1 Surrey County Cricket Club Annual Report & Accounts 2013/14

2 SURREY COUNTY CRICKET CLUB Patron: His Royal Highness The Prince of Wales Management 2013/14 (as at 1st April 2014) Officers General Committee Surrey CCC Limited Management Board President: Chairman: Chairman: Sir Trevor McDonald OBE R.W. Thompson R.W. Thompson Deputy President: Members: Directors: P.I. Pocock S.J. Carey Retire 2014: A.P. Dickinson Immediate Past President: S.R.Z. Brown C. Dymond Sir Michael Pickard J.E. Douglas R. Elliott D.F. Kingsmill R. Gould Past Presidents: D.J. Pakeman Lord Grabiner B. Coleman OBE C. Hodgson V.J. Dodds Retire 2015: I. Jamieson B.G.K. Downing OBE P.L. Garrard A.J. Lane J.H. Edrich MBE P. Johnson D.J. Pakeman R. Harman P.I. Pocock A.J. Stewart OBE R.D.V. Knight OBE D.M. Ward D.T. Watts DL The Rt Hon Sir John Major KG CH D.H. Newton Retire 2016: J.M. Poland P.J. Garrard Lord Sandberg CBE R. Laudy Audit, Risk & Governance Committee M.J. Soper K.T. Medlycott M.J. Stewart OBE G. Sutton Chairman: Sir Richard Stilgoe OBE DL A.P. Dickinson D.T. Watts DL Retire 2017: N.M. Blyth Members: Honorary Treasurer: R. Harman J.E. Douglas A.P. Dickinson O. Slipper M.J. Eadon D.T. Watts DL M. Palios J.E. Ryan Co-Opted: R.W. Thompson C. Dymond R.W. Thompson Ex Officio: The President The Deputy President The Honorary Treasurer 2

3 ANNUAL GENERAL MEETING 2014 Dear Member, The Annual General Meeting of Members will be held on Thursday, 24th April, 2014, in the OCS Stand at The Kia Oval, Kennington, London, SE11 commencing at 6.00 p.m. The Agenda for business to be transacted is given below. By order of the Committee. Richard Gould, Chief Executive 1st April, 2014 AGENDA 1. To consider and, if appropriate, confirm the Minutes of the Annual General Meeting held on 15th April, To consider and, if appropriate, adopt the Annual Report and Accounts for the period ended 31st January 2014, which accompany this notice. 3. To elect:- i) The President ii) The Deputy President iii) The Honorary Treasurer for the succeeding year iv) Honorary Life Vice Presidents 4. To re-appoint Auditors for the Financial year 2014/ To announce the election of members of the Club to the General Committee, pursuant to Rule 19 (see note 2 on page 17) 6. To announce the names of Honorary Life Members appointed by the Committee. CHIEF EXECUTIVE S REPORT 2013 I am very grateful to the Members and Surrey fans for their contribution to the Club in the past year, which has seen huge audiences at the Kia Oval. The ICC Champions Trophy was a great success thanks largely to the excellent crowds that watched this well structured competition. As a Club we hosted eight International matches in a 24-day period, with seven of these being sell outs; and it was very satisfying to see so many cricket watchers from England, India, Sri Lanka and all the other nations flood into the ground. It proved that London and the Kia Oval has the largest and most diverse cricket supporter base in the world, which should help to ensure that we continue to successfully host significant amounts of International cricket in the future. Large crowds continued throughout the season when we hosted a number of sell out matches to watch Surrey CCC compete in the T20 Competition, on our way to be eventual runners-up after a long and wet finals day at Edgbaston. The Club demonstrated that the support for Friday night cricket, spread out sufficiently to allow people to return on a more regular basis, is so strong that it has the potential to transform the domestic game. The T20 format provides Members and fans with a great match day experience, the players really enjoyed the big game atmosphere, and the Club was able to maximise the opportunities available to create a stronger fan base for the future. In 2014 we have five Friday night fixtures and we look forward to many more sell out games. 3

4 CHIEF EXECUTIVE S REPORT 2013 As you would expect our LV= County Championship attendances were rather smaller, but we still attract bigger audiences than the vast majority of counties and have the largest Membership base of any county. The Championship season was a tough one, which ultimately ended in relegation, but the loyalty and support of our Members was exceptional and provides a very good platform for improved performances in 2014, with a young Surrey developed squad that is one year older, reinforced by some excellent senior players. It was also heartening to receive universally positive comments on the improvements made to the Members Pavilion during the last year, including the Pavilion frontage, comfy seats, Presidents Tea Room and refurbished Alcock Room that hosts the Members restaurant. We really do have a Pavilion to be proud of and the Club will continue to invest in facilities that improve the customer experience. The business side of the Club is doing extremely well, and I am grateful for the guidance and support of the Surrey Management Board and the hard work and innovation of the Club staff. Over the last three years we have been able to retain significant profits, whilst keeping Membership fees relatively low. These profits are being invested back into the Club as efficiently as possible in order to ensure we have the best playing squad and staff available, further grow the Club business and enhance the customer experience. Much work has gone on during the winter of We are delighted to welcome our new Head Coach, Graham Ford, who will work with the support of Director of Cricket, Alec Stewart. Many of our promising young players have been signed on longer contracts and I look forward to seeing them progress under Graham. The capacity of the ground has been increased by 1,000, with additional seats in the OCS stand, supported by extra toilet facilities and circulation space. The joint venture partnership with Compass, Oval Events, which provides the financial muscle of the Club, has been revised and extended. Our sales efforts for conferences and events, ticket sales and corporate partnerships continue to provide impressive growth. Many thanks for your continued Membership of the Club, and I hope we can provide you with great memories in Richard Gould Chief Executive 4

5 CHAIRMAN S STATEMENT 2013 A lot has changed in a year. We have had the huge disappointment of relegation and now face the challenge of rebuilding - a process that has already begun in earnest. Getting to T20 finals day and making the final was a bright spot. Coming that far and losing in the final was frustrating. For the many Members that made the trip to Birmingham to support the Club on a long and rainy day it was much appreciated. After four and a half years, we felt it was time for Chris Adams and Ian Salisbury to move on. We made the decision midseason rather than wait until October to enable the re-structuring to take place more immediately. Looking forward I believe Alec Stewart s role as Director of Cricket is crucial. It will ensure we maintain a sense of what Surrey stands for and what the Club is about. On the field, we will have at the helm one of the best cricketers of his generation in Graeme Smith - who is contracted as Surrey Captain for at least another two years - and off the field we have appointed one of the best coaches and I stress the word coach in Graham Ford. I believe we have assembled the best leaders in their individual roles to take the Club and our developing team forward. One of the observations that plenty of people have made in the last few years is that we have seen lots of our younger players come through but for whatever reason their progress has stalled, or they have had to move to another county to develop their career. I think it is important to have a coach with an old-fashioned, hands-on approach to make sure our players have the best possible chance of succeeding. I am confident that we will have a very strong group of individuals to guide the next 5

6 CHAIRMAN S STATEMENT 2013 generation of Surrey cricketers to success. Leaving Division Two may not happen overnight but whatever happens our aim has to be to earn promotion and regularly challenge for honours in the top division. Here at the Kia Oval, it will always be a case of trying to strike a balance between operating a major Test venue and creating a winning Championship side. The money we make, particularly with the last two record breaking years, will always go into making the Club better for Members whether that be creating the best environment for players or making sure our venue continues to be world-class. My intention and ambition is for this Club to have both. On that note, there has been fantastic feedback on the Pavilion re-development. We spent 2million on this project. I believe that was fitting for a ground with our extraordinary history and heritage; something we should all be proud of. If anything, I want the new Pavilion entrance to become the image that is most associated with Surrey. It really brings home what a phenomenal ground we have here at the Kia Oval. Members will also be pleased next year as the fixture list provides a more regular rhythm for county cricket, something Surrey have been lobbying hard for at the ECB. Knowing that virtually all of our Championship games will start on a Sunday and that T20 Blast will occupy mostly Friday evenings should make planning easier. We are looking for this to be reflected in attendances. All in all, and I say this as a proud but pragmatic Surrey man, I think that we have had a hard and challenging couple of years for a variety of reasons. We now have the right people in place to build and become the team and the Club that we want to be. Thank you to all of our Members for your ongoing support. It is never taken for granted. Here s to a successful Richard Thompson Chairman 6

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8 TREASURER S REPORT 2013 This Report relates to the Club, its wholly owned subsidiary, Kennington Oval Limited (KOL), and its trading subsidiary, Oval Events Holdings Limited (OEHL) - which is the joint venture between KOL and Compass PLC - and Oval Events Limited (OEL). The decision was taken during the year to extend the end of the financial year from 30th November 2013 to 31st January As such the Financial Statements represent a fourteen month accounting period. This change was made to align the Club s year end with that of the ECB and also allow us to plan more readily each year for the coming financial year. Members are asked to adopt the Accounts for the year ended 31st January The General Committee and the Surrey Management Board approved the Accounts on the 13th March The Accounts are presented as consolidated group accounts for the Club, KOL, OEHL and OEL. Those published with this Report are in summary form but, for Members who wish to have a copy of the full Accounts, they are available on request from the Membership Department. Copies will also be available at the Annual General Meeting. Group Results For 2013/14 As a Surrey supporter for nearly 60 years, I can only be disappointed with our relegation in It was a very bitter pill to swallow after the determination shown following the tragic events of the previous year. Yet, as your Treasurer, I was delighted with the performance of the Club off the field in Record results have afforded us a very strong foundation to progress with our plans to further develop the Kia Oval to provide first class facilities for Members and other spectators whilst enabling us to invest in the cricketing side at the same time. The Financial Statements presented to Members for approval as part of this report represent the strongest financial performance the Club has ever achieved. Pre tax profit increased from 915k in 2012 to over 2million in 2013/14. Of course, we benefitted from a strong schedule of International cricket, with both the Investec Ashes and the ICC Champions Trophy being hosted at the Kia Oval. But what was more pleasing was the 79% growth in attendances for Surrey T20 matches, which led to ticket income alone from T20 of 1m. As time goes on, I expect this part of our income to become ever more important to us, enabling us to be very strong financially at a difficult time in the UK economy and whilst many of our fellow First-Class Counties struggle to break even. The Ashes once again provided the primary draw of the International schedule and all five days of the Test Match were sold out well in advance of the fixture. Hospitality sales were also strong with the considerable supporter base of the Kia Oval enabling the Club to maximise the potential of a Test Match starting on a Wednesday. Though disappointing to lose the entire fourth day to rain, our investment in the outfield drainage enabled another exciting, 8

9 though ultimately frustrating finish to the Test. Sales for the ICC Champions Trophy were stronger than expected resulting in better than expected revenue from that tournament. The IT20 matches against New Zealand were also well attended. Again the Club was unlucky to lose one of these fixtures to the weather but the appropriate insurances we had in place meant that the Club did not lose out financially. The strong financial result for the period has resulted in a supplementary payment to the ECB on top of the regular staging fees we pay for hosting International cricket. This amounted to 232k and is included in the Accounts presented. Our excellent income from T20 was due, in part, to a better structured fixture schedule but also an intelligent marketing effort. Total income (tickets, hospitality and secondary spend) for T20 rose from 1.4m to 2.4m, the highest generated in county cricket. In January 2014, the Club concluded negotiations with its catering partner, Compass, to extend the current joint venture deal. Revenues from Hospitality, Conferences & Events and Retail Catering underpin the finances of the Club and to have certainty over this area of the business is crucial. Compass have invested a significant amount of capital and resource into the highly successful Oval Events and we are pleased to continue with them as a valued partner. During the year a repayment of 1 million was made to our bank as part of our scheduled loan repayments. This has reduced the outstanding loan to 7.5m from the 13m initially borrowed in The final repayment is due in We remain very well able to service all our borrowings. Looking Ahead In addition to the magnificent redevelopment of the front of the Pavilion, we have invested in the facilities of the stadium again this year with an extra 1,000 seats added to wings of the OCS stand. The project has been funded out of the Club s own cash flows without the need for further external finance. It is essential that the Club generates sufficient money to provide for future development of the Kia Oval to ensure it is one of the pre-eminent cricket grounds in the country with excellent facilities for all. I am confident that we are well placed to continue our financial progress with attractive visits from India and Sri Lanka in 2014 and Australia and New Zealand in It is important for us to consolidate our financial position during these years and keep to sound financial disciplines for the more challenging years that will inevitably follow. Alan Dickinson Honorary Treasurer 9

10 AUDITORS REPORT Surrey County Cricket Club Limited and Subsidiary Undertakings Independent Auditors Report to the Members of Surrey County Cricket Club Limited. We have examined the summary financial statements of Surrey County Cricket Club Limited and subsidiary undertakings for the period ended 31st January Respective responsibilities of the Club s General Committee and Auditors The Club s General Committee is responsible for preparing the summarised financial statements in accordance with applicable United Kingdom law. Our responsibility is to report to you our opinion on the consistency of the summary financial statements with the full annual accounts. This report is made solely to the Club s Members, as a body, in accordance with our engagement letter. Our work has been undertaken so that we might state to the Club s Members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Club and the Club s Members as a body, for our audit work, for this report, for our audit report or for the opinions we have formed. Basis of opinion We conducted our work in accordance with Bulletin 2008/3 The Auditors statement on the summary financial statements issued by the Auditing Practices Board for use in the United Kingdom. Opinion In our opinion the summary financial statements are consistent with the full annual accounts of Surrey County Cricket Club for the period ended 31st January The Auditors report on the Club s annual accounts was unqualified. BDO LLP, Statutory Auditor Gatwick, March 2014 BDO LLP is a limited liability partnership registered in England and Wales (with registered number OC305127). 10

11 Consolidated profit and loss account FOR THE period ENDED 31st january Months Year to to Turnover Membership 1,681 1,542 ECB 1,870 1,873 Domestic Cricket 1, International Matches 7,329 6,716 Advertising and Commercial 3,165 2,655 Retail and Cricket Centres 977 1,238 Oval Events 14,437 9,174 30,665 23,843 Cost of Sales Ticketing and Membership (821) (690) Match Day Costs (2,558) (2,759) Commercial and Marketing Activities (1,014) (1,066) Retail and Cricket Centres (822) (915) Oval Events (7,550) (5,233) (12,765) (10,663) Overheads Commercial and Marketing (1,130) (1,001) Stadium (2,432) (1,739) Administration and Finance (4,518) (3,497) Oval Events (2,844) (2,186) Cricket (4,304) (3,248) (15,228) (11,671) Operating profit 2,672 1,509 Other interest receivable and similar income Interest payable and similar charges (637) (605) Profit on ordinary activities before taxation 2, Taxation on profit on ordinary activities (857) (320) Profit on ordinary activities after taxation 1, Minority interest (78) (15) Profit for the financial period 1, All amounts relate to continuing activities. All recognised gains and losses in the current and prior period are included in the profit and loss account. 11

12 Consolidated BALANCE SHEET AT 31st january Fixed Assets Tangible Assets 29,045 27,203 Intangible Assests Current Assets Stock Debtors 4,300 5,100 Cash at bank and in hand 6,338 3,819 10,835 9,125 Creditors: amounts falling due within one year (13,820) (11,051) Net current liabilities (2,985) (1,926) Total assets less current liabilities 26,060 25,481 Creditors: amounts falling due after more than one year Long term loans and deferred income (20,617) (21,390) Provisions for liabilities (451) (319) 4,992 3,772 Capital and reserves Called up share capital - - General reserve 4,672 3,530 Minority interest ,992 3,772 12

13 Consolidated CASH FLOW STATEMENT FOR THE period ENDED 31st january Net cash inflow from operating activities 9,375 1,226 Returns on investments and servicing of finance Interest received Interest paid (637) (605) Net cash outflow from returns on investments and servicing of finance (595) (594) Taxation UK corporation tax (paid)/received (1,185) (341) Capital expenditure Payments to acquire tangible fixed assets (4,276) (1,933) Payments to acquire intangible fixed assets - (204) Receipts from sale of tangible fixed assets - 5 Net cash inflow/(outflow) before financing 3,319 (1,841) Financing New loans Repayment of loans (1,250) (731) Issue of debentures Net cash outflow from financing (800) (175) Increase/ (Decrease) in cash 2,519 (2,016) 13

14 Notes forming part of the financial statements for THE period ended 31st january Debtors Trade debtors 1, Sundry debtors and prepayments 2,712 4,446 Corporation tax recoverable ,300 5,100 Creditors: amounts falling due within one year Bank loans 725 1,180 Other loans Trade creditors 888 1,565 Other taxation and social security Corporation tax Other creditors, accruals and deferred income 9,969 6,729 Loan notes ,820 11,051 Creditors: amounts falling due after more than one year Bank loans 6,619 7,374 Accruals and deferred income 1,231 1,392 Other creditors 9,532 9,562 Unsecured loans 3,235 3,062 20,617 21,390 The bank loan is secured by a fixed and floating charge over all of the group s assets. 14

15 Audit, Risk & Governance Committee Meetings Attended March March 2014 (five meetings held) Name Attendance Notes A.P. Dickinson 5 Also member of General Committee and Surrey Management Board J.E. Douglas 3 Also member of General Committee M.J. Eadon 4 M. Palios 5 J.E. Ryan 4 R.W. Thompson 1 Also Chairman of General Committee and Surrey Management Board General Committee Members Meetings Attended March 2013 to March 2014 (seven meetings held) Name Attendance Notes N.M. Blyth 5 S.R.Z. Brown 6 A.P. Dickinson 7 Also member of Surrey Management Board and Chairman of Audit, Risk & Governance Committee J.E. Douglas 5 Also member of Audit, Risk & Governance Committee C. Dymond 6 Also member of Surrey Management Board P.J. Garrard 7 P.L. Garrard 6 R. Harman 6 P. Johnson 5 Also Chairman of the Surrey Cricket Board (retired February 2014) D.F. Kingsmill 6 Also member of Surrey Cricket Board R. Laudy 6 K.T. Medlycott 4 D.J. Pakeman 4 Also member of Surrey Management Board P.I. Pocock 7 O. Slipper 4 G. Sutton 6 R.W. Thompson 7 D.M. Ward 0 Also Chairman of Surrey Management Board and member of Audit, Risk & Governance Committee D.T. Watts DL 5 Also member of Surrey Management Board. 15

16 match attendances 2013 Members Public Total Attendance LV = County Championship Surrey v Somerset 2,765 1,775 4,540 Surrey v Sussex 2,737 6,203 8,940 Surrey v Durham 2,047 1,604 3,651 Surrey v Warwickshire (g) 3,464 3,395 6,859 Surrey v Nottinghamshire 2,837 1,986 4,823 Surrey v Derbyshire 2,926 2,424 5,350 Surrey v Middlesex 2,479 2,821 5,300 Surrey v Yorkshire 2,629 2,546 5,175 Yorkshire Bank 40 Surrey v Hampshire 1,581 2,022 3,603 Surrey v Durham ,408 Surrey v Lancashire (g) 1,288 2,520 3,808 Surrey v Essex 1,306 4,788 6,094 Surrey v Scotland 723 1,112 1,835 Surrey v Derbyshire 859 1,654 2,513 Friends Life T20 Surrey v Sussex 1,355 11,482 12,837 Surrey v Middlesex 1,733 16,205 17,978 Surrey v Essex 1,652 12,466 14,118 Surrey v Hampshire 1,773 15,409 17,182 Surrey v Kent 1,756 18,722 20,478 Surrey v Somerset (Quarter Final) 1,821 8,279 10,100 International ICC Champions Trophy: South Africa v Pakistan (Warm up game) 2,010 ICC Champions Trophy: West Indies v Pakistan 17,112 ICC Champions Trophy: West Indies v India 18,272 ICC Champions Trophy: England v Sri Lanka 17,752 ICC Champions Trophy: Australia v Sri Lanka 14,094 ICC Champions Trophy: England v Sri Lanka 16,018 NatWest IT20 England v New Zealand 17,696 NatWest IT20 England v New Zealand 18,101 Investec Ashes Series Days 1-5 England v Australia 116,340 Total 393,987 Code Matches played at Guildford (g) 16

17 NOTES 1. Copies of the relevant Minutes are available for inspection by Members by personal visit to the ground between the hours of 10.00am and 4.00pm on Mondays to Fridays from the date of receipt of this notice until and including the date of the Annual General Meeting. In addition, copies will be available for inspection on the day of the meeting in the OCS Stand from 5.00pm or by ing 2. Nominations for election to the General Committee have been received from the following:- R. A. Beeston; C. F. Dymond; E. J. Hurst and R. W. Thompson. 3. The attention of Members is drawn to the following extracts from the Rules:- Rule 19.2 Election of Committee Provisions in Case of More Nominations than Vacancies (a) If there shall be more nominations than there are vacancies for membership of the Committee, the Secretary shall cause to be posted, with the paper giving notice of Annual General Meeting, to Members entitled to vote at General Meetings, ballot papers on which shall appear the name of each candidate properly nominated as aforesaid and willing to serve on the Committee (and the decision as to whether a candidate has been properly nominated shall be in the absolute discretion of the Secretary whose decision shall be final and binding), and the names of the five nominating Members of each candidate, together with a memorandum giving details of each candidate s professional and general qualifications. (b) Such ballot papers after completion shall be returned to the Secretary or to such other person and address as the Secretary may designate, by the date indicated on the ballot paper. (c) Each Member entitled to vote at General Meetings shall have one vote for each vacancy on the Committee but shall not give more than one vote to any one candidate. (d) Any ballot papers which do not comply with the conditions or requirements for their completion and return shall be invalid. (e) The Committee shall appoint not less than three scrutineers (of whom one may be the Secretary) to examine the ballot papers, and the decision of the majority of the scrutineers acting as experts on the validity of any ballot paper or papers and as to the outcome of the election shall be final and binding. (f) Those candidates shall be elected to the Committee who receive the highest number of votes in the ballot and, in the event of two or more Members (not otherwise elected) receiving an equal number of votes (but receiving more votes than others (if any) also not otherwise elected) the candidate(s) to be elected from amongst them shall be decided by lot in a manner to be prescribed by the President. Rule 28.5c Business at Annual General Meetings If any ten or more Members entitled to vote at General Meetings wish any matter concerning the business or affairs of the Club to be discussed at an Annual General 17

18 NOTES Meeting, those Members shall give written notice to the Secretary by 1st February of the matter to be discussed. The Secretary may, at his discretion, require sufficient details to be set out in or added to such written notice so as to ensure that Members, on receipt of the notice of the Annual General Meeting, have adequate information concerning the matter to be discussed but no resolution may be put to the vote of the meeting under this item. Rule 28.6 Decisions and Actions of the Committee It shall not be competent for any Annual General Meeting to alter or interfere with any decision or action of the Committee, the Management Board, or the Audit, Risk and Governance Committee or other competent person or persons taken or done in pursuance of the powers conferred by these Rules. Rule 31 Voting at General Meetings 31.1 Qualification Only those Members who are qualified to do so under Rule 7.2 shall be permitted to vote at General Meetings Methods Voting on ordinary business and voting on special business shall be in accordance with the provisions of Rule Voting on General Meetings Except as provided by the Acts and except as provided in Rule 34 and Rule 40, voting on Ordinary Business and on Special Business shall be by a show of hands unless the Committee in its absolute discretion considers that any resolution to be proposed at any General Meeting is of sufficient importance to the Club to justify the use of proxy voting or postal voting in relation to that resolution, so as to enable Members to vote on that resolution without having to be present at the meeting, in which case the Committee may so require. It shall be at the absolute discretion of the Committee as to whether proxy or postal voting is to be used. Proxy voting shall be conducted in accordance with the provisions set out in Rule 31.6 as supplemented by any Regulations made from time to time by the Committee and postal voting shall be conducted in accordance with Bye-laws and for Regulations made from time to time by the Committee. In addition, the Chairman of the meeting shall be entitled to call for any matter to be determined by poll or by postal ballot (as the Committee may elect) either before or after the result of a show of hands is declared and the Committee shall make the appropriate arrangements in its discretion. In particular, but without limitation, the Committee shall at its absolute discretion have the right to appoint the Electoral Reform Society or any other independent scrutineer appointed by the Committee to examine the ballot papers, and the decision of the scrutineer acting as an expert on the validity of any ballot paper or papers and as to the outcome of the voting on a resolution shall be final and binding. 18

19 NOTES 31.4 Majority Required for Passing of Resolution (a) Unless otherwise provided by the Acts or in these Rules, any resolution shall, in order to be passed, require in favour of the resolution a majority of the votes cast by Members who (being entitled to do so) vote Casting Vote of Chairman In the event of an equality of votes at a General Meeting, the chairman of such meeting shall be entitled to a second or casting vote Proxy Voting Voting by proxy shall be carried out in the following manner:- (a) The instrument appointing a proxy shall be in writing under the hand of the appointor. (b) A proxy must be a Member entitled to attend and vote at a General Meeting. (c) The instrument appointing a proxy shall be delivered to the Secretary at the registered office of the Club (or such other place as may be specified for the delivery of instruments of proxy in the notice convening the meeting or other document sent therewith) so that such instrument reaches the Secretary not less than 48 hours before the time appointed for holding the meeting or adjourned meeting at which the Member named in the instrument proposes to vote. In default the instrument of proxy shall not be treated as valid Declaration by Chairman A declaration by the chairman of a General Meeting to the effect that a particular resolution has been passed (or not) or passed by a particular majority (or not) shall, subject to the Acts, be final and binding on all Members. 19

20 Please contact or call for more information on how to receive this report in different formats. Surrey County Cricket Club The Kia Oval, Kennington, London SE11 5SS Tel: Fax: kiaoval.com As part of Surrey County Cricket Club s commitment to the environment this brochure has been printed on recycled paper. 20