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Chiang Mai Schools Cricket Alliance Commentary on Accounts Year 2000 01 Childhood Throughout this year all income and expenditure was to or from the Cash Account, which was held by the Treasurer of the Chiang Mai International Cricket Sixes. Initial funds were provided by the Chiang Mai Cricket Sixes in 2000, who provided 42,850 Baht. Other small donations were received during the year. The income of 13,310 Baht from Thailand Cricket League (TCL) arose in June 2002, when they offered to reimburse CMSCA with expenses incurred over the previous two years, up to a total limit of about 110,000 Baht. Consequently this money for 1000-01 has been shown as Income, although it was not realised at the time that this money would be received. Expenditure, totalling about 34,000 Baht, was largely on outside coaching, Sawasdee cricket equipment and tournaments and start-up office costs. Funds at the end of the year were just over 25,000 Baht. Year 2001 02 Adolescence Income from Chiang Mai Cricket Sixes 2001 was about 50% greater than the previous year. The CMSCA also received donations which helped fund the childrens handbooks and other expenditure. TCL provide 90,000 Baht, which covered many items of expenditure, as noted for 2000 2001. All sections of expenditure increased compared with 2000 2001, the largest increases being on coaching and Sawasdee cricket equipment, particularly bats and balls. Nevertheless, the CMSCA had a surplus on the year of just over 44,000 Baht. Funds at the end of the year were almost 69,500 Baht. A CMSCA bank account was opened in December 2001, although initially this was little used. Its primary purpose at the time was to be used to receive expected income from the TCL. Year 2002 2003
Ambitions In this year the income from both the Chiang Mai Cricket Sixes and the TCL was significantly greater than in 2001 2002. The increased income, which seemed likely to be sustained, encouraged the CMSCA to expand its coaching activities and to pay small monthly salaries to its senior coach and the coaching liaison officer. It was also decided to reimburse the local volunteer coaches for their travelling and other expenses with 400 Baht for each school visit. This year saw the first occasions when boys from Chiang Mai were invited to Bangkok to train with and to play for the Thailand National Under-13 team. Hard ball equipment was purchased and the nets at the Gymkhana Club were refurbished to enable them to be coached in Chiang Mai. A store room was established at the Gymkhana Club to house the ever growing quantity of cricket equipment. The successful Seminar at Doi Saket cost 18,500 Baht and an increased amount was spent on promotion, in the hope of securing further financial support. In December 2002 it was decided that the CMSCA not only needed but could afford a professional coach. A suitable person was identified for this role and he visited Chiang Mai in February 2003 for discussions. He paid his own air fare and CMSCA paid for his accommodation and welfare. He was subsequently appointed. Again, in spite of a considerable increase in expenditure, the CMSCA had a surplus on the year of over 104,000 Baht, increasing its funds to nearly 174,000 Baht. Year 2003 2004 Expansion Income from Chiang Mai Cricket Sixes was disappointing, being about 90,000 Baht less than the previous year. This was compensated by an increase of 24,000 Baht in revenue from the CA(T), who had replaced the TCL, and by money raised at marketing events, particularly the Afternoon Tea Party in February 2004. Overall income this year was just over 495,000 Baht, less than 1,000 Baht down on 2002 03, of which 366,000 Baht came from the CA(T). Expenditure, however, increased substantially. This was mainly due to the costs of the professional coach, who began working for the CMSCA in October 2003. His salary for the part year was almost 260,000 Baht. Local coaches salaries and expenses were also higher, resulting in an increase in total coaching costs of over 300,000 Baht to 503,000 Baht. The Under-13 hard ball tournament in February 2004, which involved teams from Bangkok, Khon Kaen, Petchaboon and Chiang Mai, cost the CMSCA almost 43,000 Baht. The total cost of other areas of expenditure was broadly similar to 2002 03. Total expenditure was just over 670,000 Baht, almost 280,000 Baht more than the previous year. The deficit on the year was 175,000 Baht which totally absorbed the funds that had been accumulated over the previous three years, leaving a net deficit of 2,553 Baht. Year 2004 2005 Life in the big league The year started with high hopes. It was recognised that expenditure would be much higher than in 2003 2004. However, it was confidently expected that income would be substantially greater than in 2003 04, with income from Chiang Mai Sixes returning to previous levels, a further increase in money from CA(T) and a vigorous effort to raise money from marketing activities. Events proved otherwise. Quarter 1, April June 2004 Up The year started well. Income from Chiang Mai Cricket Sixes was over 143,000 Baht, almost as much as in 2002 03. In addition, almost 300,000 Baht was raised at the CMSCA stall at the Sixes, mainly in the form of donations and sponsorship to individual members of the Under-13 squad. Other sources contributed to a total income for the quarter of 480,000 Baht, almost as much as for each of the preceding two full years. Coaching costs for the quarter were almost 196,000 Baht. The Under-13 tournament against Khon Kaen cost almost 35,000 Baht. Total expenditure for the quarter was about 255,000 Baht, giving a surplus on the quarter of about 225,000 Baht. This restored total funds to 223,000 Baht. Quarter 2, July Sept. 2004 Down Income for this quarter was 107,000 Baht, mainly due to 100,000 Baht from CA(T). However, it was very disappointing to be told that only one further payment of 50,000 Baht could be expected this year. Expenditure rose considerably, to over 380,000 Baht. This was due primarily to almost 78,000 Baht spent on purchasing hard ball equipment for the boys who had been sponsored at the Sixes in April. General marketing expenditure increased by 38,000 Baht to 47,500 Baht. The main contribution to this was a decision to pay a monthly salary of 15,000 Baht to the Marketing Manager. The net deficit for the quarter was 274,000 Baht, reducing total funds to a debt of 51,000 Baht. In reality this was concealed by money not yet paid for coaching and other expenses in September. The CMSCA had total bank and cash funds of 68,500 Baht, a small stock of merchandise, valued (at cost) at 7,300 Baht and debts of over 127,000 Baht. The future looked bleak. Quarter 3, Oct. Dec. 2004 Rescue The CMSCA were rescued financially by an anonymous donation of nearly 420,000 Baht in early October. Income from other sources, including a further 9,000 Baht from Sixes 2005, 50,000 Baht from the CA(T), other donations of 90,500 Baht and marketing income of 25,500 Baht, brought the total net income for the quarter to 594,000 Baht. Coaching expenses dropped back slightly to 193,500 Baht. The CMSCA were obliged to carry most of the transport and welfare costs for the Chiang Mai boys for two tournaments in Bangkok, amounting to over 68,000 Baht. Most of this was in the form of a loan from CMCF. Other expenditure included 35,600 Baht transport costs for the professional coach and 53,100 Baht of general marketing expenses, including 45,000 Baht salary costs. Total expenditure for the quarter was over 372,000 Baht. The surplus on the quarter was about 222,000 Baht, bringing the total funds to just over 170,000 Baht. It seemed that the CMSCA had managed to survive the critical situation at the end of September. Quarter 4, Jan. March 2005 Recovery The fourth quarter of the year started well with a Bangkok lady, Khun Somporn, donated 100,000 Baht in January 2005. Marketing income for the quarter was almost 36,000 Baht, giving a total income of about 141,500 Baht. Total expenditure for the quarter, amounting to 325,000 Baht, was very similar to the previous quarter, excluding the costs of the Bangkok tournaments. The consequent deficit on the quarter was about 184,000 Baht, leaving a net deficit of nearly 14,000 Baht at the end of the financial year. During this quarter a decision was taken to purchase merchandise for sale at the April 2005 Cricket Sixes at a total cost of 372,500 Baht, including 236,000 Baht on men and 87,000 Baht on clothing. Much of this cost could not be paid until after the Sixes, as there were no funds available to do so. In consequence, although the CMSCA had bank and cash funds of 107,000 Baht and were holding merchandise valued at 349,000 Baht, they owed their creditors nearly 480,000 Baht. Year 2004 2005, Review Realisation As a consequence of the substantial highs and lows during the year of both income and expenditure, each amounting, in total to over 1,300,000 Baht, the CMSCA had a deficit on the year of about 11,000 Baht, leaving the CMSCA with in debt by nearly 14,000 Baht. Income from the Chiang Mai Cricket Sixes, 152,000 Baht, was similar to that for 2003 04. Income from CA(T), of 150,000 Baht, was less than half that for 2003 04. This was particularly disappointing. Marketing income for the year was over 372,000 Baht, although general marketing expenses were almost 175,000 Baht. However, as noted above, there was an important development during the last quarter, arising from the decision to attempt to raise money at the 2005 Cricket Sixes by the sale of merchandise. To this end, 372,500 Baht was spent purchasing goods for sale. Much of this had been bought on credit, to the extent that the CMSCA owed, in total, almost 480,000 Baht at the end of the year. Bank and cash funds totalled 107,000 Baht. 95,000 Baht of this was required for the payment of March 2005 coaching salaries and other expenditure. It was very clear that substantial income was required from the 2005 Cricket Sixes. Year 2005 2006 Battle rejoined It was recognised at the start of this year that the money that had been spent on purchasing merchandise in February and March 2005 had to be recovered, hopefully at a profit. This proved to be more difficult than expected. Quarter 1, April June 2005 Success Income in the first quarter was almost 610,000 Baht. This was not only higher than any quarter in 2004 05; it was higher than any previous single year. Income from Chiang Mai Cricket Sixes was 197,500 Baht, the highest amount ever. In addition, 312,500 Baht was raised directly by the CMSCA at the Cricket Sixes, from donations and sponsorship and over 93,000 Baht was raised at a Charity Dance Concert, organised jointly with the charity organisation, Zonta. No money was received from CA(T) during this quarter. Expenditure for this quarter, of 305,600 Baht, was substantially similar to those in 2004 05. In consequence, the surplus for the quarter was 304,400 Baht. This enabled some of the debts owing in March 2005 to be repaid, leaving total funds of about 290,600 Baht. Less happily, only 79,000 Baht of merchandise had been sold during the quarter, mainly at the Cricket Sixes, yielding a profit of about 15,000 Baht. Consequently, although total funds were 290,600 Baht only 192,500 Baht was in the CMSCA bank and cash accounts. Merchandise stock totalled 270,000 Baht and 87,000 Baht for the purchase of merchandise remained unpaid together with a debt to the CMCF of 54,000 Baht for expenses in Bangkok in December 2004. Quarter 2, July Sept. 2005 Disappointment This quarter saw several major developments affecting CMSCA finances. The CMSCA were advised that, for this year, they could expect grants totalling only 80,000 Baht from CA(T). This was about half the amount they had received in the previous year, which was, in itself, half that for 2003 04. 40,000 Baht was received from the CA(T) in this quarter, with a further similar amount promised in February 2006. However, CA(T) provided the CMSCA with hard ball equipment valued at 30,000 Baht. This situation, though disappointing, was seen as not disastrous, because high hopes were pinned on selling a substantial quantity of merchandise, at a good profit, at the UK Cheltenham Cricket Festival in August. This venture had been suggested to the CMSCA during Sixes Week. They were advised that the Cheltenham Festival presented a major opportunity to sell cricket orientated merchandise, of which the CMSCA now had a large stock. A net profit of 200,000 Baht was forecast. The Festival coincided with an intended visit to the UK by the CMSCA professional coach and it was agreed that he would take a substantial quantity of CMSCA merchandise to the UK for sale at the Festival. Unfortunately the event proved to be a financial disaster for the CMSCA. Sales proceeds themselves were only 55,700 Baht. The value of goods sold was 26,900 Baht, giving a gross profit on sales of only 28,800 Baht. Far more damaging were the event costs totalling over 111,000 Baht; 39,390 Baht on freight charges, 16,770 Baht on UK Customs and VAT, 18,900 Baht on local transport and refreshments in UK, 22,500 Baht on salary and 13.675 Baht written off for goods lost, damaged and given away, of which 5,540 Baht was subsequently recovered from the shipping agents. The end result was a loss to CMSCA of almost 77,000 Baht a long way from the forecast profit of 200,000 Baht. Furthermore the unsold merchandise was left in the UK. Donations for the quarter amounted to 63,000 Baht and a 6,000 was received for the sale of 30 small men to the ACC at a Seminar in July. In consequence, total income for the quarter was only about 66,000 Baht, of which 30,000 Baht was in the form of equipment provided by CA(T). A separate impact on CMSCA finances in this quarter was the resignation, at the end of July, of the professional coach. The financial affect of this was to lessen coaching costs for the quarter to a total of 102,000 Baht. The CMSCA marketing director also resigned, reducing general marketing expenditure for the quarter to about 28,000 Baht. Total direct expenditure for the quarter was about 181,500 Baht, the lowest for any quarter for two years. The overall deficit for the quarter was 115,500 Baht, reducing total funds to about 175,000 Baht. However, only 143,000 Baht was in accessible funds, in cash or bank accounts. The value of merchandise, at cost, totalled 201,000 Baht and the CMSCA owed a total amount of 230,000 Baht. As a further consequence of the Cheltenham Festival, merchandise totalling 54,000 Baht was now in the UK and 147,000 Baht in Chiang Mai. The total value of merchandise dropped partly because of sales at the Cheltenham Festival and in Chiang Mai and partly due to write-offs. In October the stock of merchandise was checked and valued, based on original unit purchase costs. These were identified from invoices, where these were available. (This had not been done hitherto.) It was found that there was a shortfall between the total purchase costs, an attempted valuation of the cost of goods sold (no records of the value of goods sold had been kept) and the current stock value. This could only be bridged by writing off stock to the value of about 20,000 Baht. This was split between this and the previous quarter. Quarter 3, Oct, Dec. 2005 Retreat and retrenchment Income for this quarter totalled 41,600 Baht, mainly from donations. Direct expenditure was about 108,000 Baht, mainly on coaching and local expenses. 10,000 Baht was paid for the revival of the CMSCA Web Site. However, in December 2006 it was decided to write-off the stock of merchandise, in the form of men and miscellaneous items, which were held at the end of December 2005, amounting to about 154,000 Baht. Very little of this merchandise had been sold since then and there seemed to be little prospect of improving this situation. Only the value of the stock of clothing was retained. Back-dating this write-off to December 2005 had the effect of avoiding distorting the accounts for 2006 2007. In consequence, the deficit on the quarter was 221,000 Baht and the CMSCA was in overall debt by 45,700 Baht. About 85,000 Baht was in bank and cash accounts and the stock of clothing were valued at 44,400 Baht. The outstanding debt of 141,000 Baht to CMCF remained unpaid. Quarter 4, Jan. March, 2006 Stabilisation At the end of this quarter a further 40,000 Baht was received from CA(T). Together with donations of 39,000 Baht and small profits on promotion and sales, income was 82,300 Baht. Expenditure was as low as reasonably possible, at 109,000 Baht. Coaching costs were 72,200 Baht and 5,000 Baht was spent on web site management. The net loss on the quarter was 26,700 Baht, reducing bank and cash funds to 60,900 Baht. Some items of clothing valued at 4,800 Baht were brought back from the UK to Chiang Mai, leaving 3 boxes of men, now considered to have no value, in the UK. Year 2005 2006, Review A roller-coaster ride During 2005 2006 the overall indebtedness of the CMSCA increased by 58,600 Baht, from 13,800 Baht to 72,400 Baht. Income was almost 800,000 Baht, of which 348,000 Baht came from marketing events (after allowing for the 78,000 Baht loss at the Cheltenham Festival), 197,500 Baht from the Chiang Mai Sixes, 110,000 Baht from CA(T), including equipment valued at 30,000 Baht, and 142,600 Baht in donations. Direct expenditure for the year was 681,000 Baht, almost half that in the previous year, of which 430,000 Baht was spent on coaching. The cost of general marketing activities was 268,000 Baht, made up principally of the salary for the marketing manager for April to July 2005 of 60,000 Baht and write-off, as explained above, totalling 177,500 Baht. Bank and cash funds fell by 46,800 Baht, from 107,100 Baht to 60,900 Baht. This was caused largely by paying creditors 240,000 Baht for merchandise purchased in the previous year using money raised at the 2005 Cricket Sixes to do this. The value of merchandise held in stock fell from 349,000 Baht to 44,400 Baht as a result of the decision to write-off the stock of men and miscellaneous items. At the end of the year creditors were owed a total of 177,700 Baht, most of which was owed to the CMCF for merchandise and Bangkok expenses in December 2004. The balance was largely made up of coaching and related expenses for March 2006. Year 2006 - 2007 Financial reality The expectations at the start of this year were for a further fall in expenditure, to around 500 kBaht, arising principally from the departures of the professional coach and salaried marketing manager in August 2005. It was hoped that income to cover this could be achieved, starting with the Sixes in April 2006 although it was recognised that the Sixes themselves were likely to be less generous than hitherto because of the consequences of the 2005 floods. Quarter 1, April June 2006 Good and Bad News In April 2006, the CMSCA were advised that they would receive 75 kBaht per quarter from the CAT for coaching expenditure. Over the full year this would amount to 300 kBaht compared with the 80 kBaht received in 2005 2006. This seemed good news, until the CAT said they would henceforth expect the CMSCA to pay Khun Parns monthly salary of 20 kBaht, which hitherto they had paid direct. The net result was that, excluding Khun Parns salary, money from the CAT for coaching would fall to 60 kBaht for the full year. Income from the Sixes in April 2006 was more than expected. In addition to over 97 kBaht from Sixes activities, 140 kBaht was raised directly by the CMSCA; 78.5 kBaht from donations, 16 kBaht from sponsorship, 19.5 kBaht from auctions and 26 kBaht from sales. Sales were almost entirely of clothing and stubbies; very few men and little other merchandise were sold, despite the CMSCA manning their stall throughout the tournament. 75 kBaht duly arrived from CAT and, together with other small donations; income for the quarter was 320 kBaht. Expenditure was held to 169 kBaht, in spite of now paying Khun Parns salary, yielding a surplus for the quarter of 151 kBaht. This surplus restored the CMSCAs total funds to 78.4 kBaht. During the quarter the CMSCA accepted a challenge from the ACC, via CAT, to prepare three grass wickets for an ACC Under-15 tournament in December 2006. 150 kBaht was advanced for this work in May 2006. About 44 kBaht of this remained in the CMSCA bank account at the end of the quarter, giving superficially healthy bank and cash funds of 317 kBaht. However, 141 kBaht remained owing to CMCF for past expenditure on behalf of CMSCA. Quarter 2, July Sept. 2006 Debt Clearance Income for the quarter was 168 kBaht; 75 kBaht from CAT for coaching, a further 30 kBaht (in kind) for equipment and 63 kBaht from donations, including 38.5 kBaht from a UK donor. Expenditure was kept low. Apart from coaching costs of 131.kBaht, less than 28 kBaht was spent directly by CMSCA, leading to a deficit on the quarter of only 20 kBaht. Total funds at the end of the quarter were 58 kBaht. As a result of the income during Cricket Sixes week in April, the CMSCA now had sufficient funds to pay off their debts to CMCF. They were able to do more than this and, in addition, loaned the CMCF 64 kBaht to cover the costs of setting up the Foundation, mainly professional fees. Total funds at the end of the quarter were 58 kBaht. Bank and cash funds totalled 85 kBaht, merchandise 36 kBaht, 64 kBaht was owed by CMCF to CMSCA and 126 kBaht was in the Ground Development Fund, including a further 100 kBaht which was advanced by CAT at the end of the quarter. Quarter 3, Oct. Dec. 2006 International Cricket Income, at 186 kBaht, was slightly more than the previous quarter. In addition to 75 kBaht from CAT for coaching and 30 kBaht for a Sawasdee Cricket Seminar in October, 70 kBaht was received from local donations, 6 kBaht from profit on sales of merchandise and 4 kBaht for sponsorship of the CMSCA web site. Expenditure was broadly similar to the previous quarter, leading to a small surplus of 6 kBaht and total funds of 96 kBaht. The bank account was kept very active during the quarter because of funds received in, and quickly paid out, for the Thailand Regional Under-16 Tournament in November and the ACC International Under-15 Challenge Cup in December. All the matches at the Gymkhana Club, for both tournaments were played on the new grass wickets, which received much praise. Quarter 4, Jan. March 2007 Relaxation The quarterly income was, as expected, the lowest for the year. It totalled 152.5 kBaht, made up of 75 kBaht from CAT, 74.5 kBaht from local donations, including 7 kBaht worth of junior cricket balls, and 3 kBaht from profit on sales of merchandise. Similarly expenditure, at 159 kBaht, was the lowest for the year. 119 kBaht was spent on coaching, 17 kBaht on sundry expenditure for members of the Under-15 squad at a tournament in Bangkok and about 16 kBaht on miscellaneous local expenditure. The deficit on the quarter was about 7 kBaht, reducing total funds to 58 kBaht, of which only 6 kBaht was in the form of cash and bank deposits. Year 2006 2007, Review Return to Financial Stability (almost) The overall surplus of income over expenditure for the year was 130 kBaht. This was the first surplus for any financial year since 2002 2003. It went some way to cancelling the deficits of the previous three years. Total funds at the end of the year were about 58 kBaht, compared with nearly 174 kBaht in March 2003. The surplus was achieved partly by taking every opportunity to obtain donations, both locally and from overseas and partly by keeping a very tight control on expenditure, especially for coaching. The book value of total expenditure was 696 kBaht, but this includes 240 kBaht for Khun Parns coaching salary (hitherto paid directly to him by CAT), 30 kBaht for a seminar which was funded by CAT, 30 kBaht of equipment provided by CAT and 7 kBaht of cricket balls funded by a donation. Without these items, total expenditure was 389 kBaht, significantly less than the 500 kBaht envisaged at the start of the year. Bank and cash funds at the end of the year were so low that they were insufficient to pay March coaching salaries and expenses. However, the CMSCA were confident that they would receive significant income during the 2007 Sixes week in early April. The book value of potentially saleable merchandise had fallen to 30 kBaht. Year 2007 - 2008 Optimism The CMSCA Committee looked forward to the new financial year with some confidence. It was envisaged that expenditure would rise to about 800 kBaht, partly arising from an increase in the number of volunteer Sawasdee cricket coaches. However, it was also expected that direct and indirect income from the 20th International Cricket Sixes would be greater than previous years and there were indications that the CAT would increase their funding to CMSCA. It was also intended to pursue a vigorous campaign to secure sponsorship from potential individual and corporate sponsors. This money would initially be used to improve cricket facilities at schools.
Quarter 1, April June 2007 Cooperation with CMCF Direct and indirect income from the 2007 Sixes week was even higher than expected. However, it was realised that, following the formation of the CMCF, the CMSCA were no longer exempt from potential taxation if they started to show a significant annual surplus. It was therefore decided that all income from donations and sponsorship, apart from local contributions, would be transferred to the CMCF accounts. The CMSCA would use the income from CAT and sundry income from local sources to fund coaching and other routine expenditure and would also retain any income from the sale of merchandise. As expected the funding from CAT increased to 90 kBaht per quarter. The CAT also agreed to provide 41 kBaht per quarter towards the cost of maintaining the grass wickets at the Gymkhana Club. Income for the quarter was 121.5 kBaht. This excludes income arising from Cricket Sixes week, which was transferred to CMCF. Expenditure for the quarter was 117 kBaht, leaving a surplus of 4.5 kBaht. This increased the CMSCA total funds to 62 kBaht. As a result of the income from Sixes Week, the CMCF were able to reimburse the CMSCA for the loans made during the previous year. This helped to improve the funds held in Account No. 2, such that the bulk of the CMSCA total funds were now liquid. As a result of sales during Sixes Week the value of clothing merchandise held by CMSCA reduced to 21 kBaht. Bank Account No. 1 was closed during the quarter as it had been substantially inactive for several years and there was no benefit in keeping it open.
Quarter 2, July Sept. 2007 A quiet quarter Expenditure for the quarter was 4 kBaht less than the total of funds received from CAT and local donations. This money was transferred to CMCF, partially offsetting the excess coaching and other expenditure in the previous quarter. In consequence the total funds remained at 62 kBaht.
Quarter 3, Oct. Dec. 2007 International Cricket returns This quarter was dominated by preparations for an ACC Under-15 Tournament for teams from eight countries. Half the games for the preliminary rounds were played in Chiang Mai, the others and the final matches were played in Bangkok. A considerable effort was put into the preparation of the grass wickets at Gymkhana Club and Prem Center and both pitches were highly praised by ACC officials. CMSCA officers were heavily involved with the administration and organisation of events in Chiang Mai. Income for the quarter increased to 128 kBaht. This includes 11 kBaht due from CMCF for the preparation of drawings for the practice nets to be erected at local schools and 3.7 kBaht for sponsorship of the web site. Total expenditure was 128 kBaht, including coaching costs of 96 kBaht, 11 kBaht for the nets drawings and other small costs. During this quarter the last of the merchandise which had been in UK since August 2005 was brought back to Chiang Mai. In the event it was slightly less than the quantity which had been assumed, necessitating a write off of 750 Baht. This contributed to a small deficit for the quarter of 301 Baht. Total funds remained at 62 kBaht. 32 kBaht was in Bank Account 2, merchandise was valued at 20.5 kBaht and 18.5 kBaht was owed to CMSCA by CMCF.
Quarter 4, Jan. Mar. 2008 More tournaments The ACC Under-19 Challenge Cup was held in January 2008. Teams from four countries took part and all matches were in Chiang Mai. CMSCA officers and coaches were again heavily involved in the planning and organisation. The Thailand Inter Regional Cup 2008 took place in Chiang Mai during February. The bulk of the preparation and organisation was handled by CMSCA officers and coaches and members of the Chiang Mai Cricket Club. Four new coaches joined the CMSCA in January 2008, Martin and Khun Wilaiwan (Puy) Papworth and Marco and Khun Maneerat (Jum) Bevaqua. Income for the quarter was 167 kBaht. The increase, compared with the third quarter was due to including a notional value of 40 kBaht for equipment received from CAT and net proceeds from the sale of some merchandise to the ACC to be used as souvenirs for the ACC Competition in January. Expenditure was 159 kBaht. Coaching expenditure increased by 11 kBaht, principally caused by expenses incurred by the new coaches. The notional value of the equipment supplied by CAT was also regarded as expenditure. Total CMSCA funds increased to 70 kBaht, because of the income from the sale of merchandise to the ACC. Half of this was in Bank Account 2, 9.5 kBaht in cash and 20.5 kBaht in merchandise. (The merchandise sold to the ACC had previously been regarded as of no value.)
Year 2007 2008, Review A not-unsatisfactory year The financial year had been generally in accordance with expectations at the start of the year. Income for the year was 525 kBaht; of which 400 kBaht came from CAT, 96 kBaht from local donations and sponsorship, 16 kBaht from CMCF for nets drawings and to cover excess coaching expenditure over the year and 12 kBaht from profit on the sale of merchandise. Expenditure for the year was 512 kBaht. 397 kBaht was for coaching and related expenditure 40 kBaht on the notional value of equipment from CAT and the remainder on miscellaneous expenditure. Compared with 2006 2007, total income was substantially less, because of the decision in April 2007 to transfer all major donations directly to CMCF. Coaching expenditure was also reduced because of the departure in March 2007 of Richard Bartholomew. The overall surplus on the year was 12 kBaht, almost entirely from the sale of merchandise. Happily the book value of merchandise still held by CMSCA fell from 30 kBaht to 20 kBaht.
Year 2008 - 2009 Continued Optimism The CMSCA Committee looked forward to the new financial year with some confidence. The size of this years grant from CAT was not known but it was hoped that it would be greater than the previous year. The CMCF had sufficient funds to cover the cost of the proposed practice nets at Prince Royals College and other schools. These funds were likely to be further enhanced by donations from the Cricket Sixes in April 2009.
Quarter 1, April June 2008 Uncertainties As in previous years this was a quiet quarter for CMSCA as it coincided with the long school holiday. The amount of the grant expected from CAT was still not known, despite frequent requests for information. 100 kBaht was received on 27th May. There was no indication of its intended purpose. The CMSCA accounts therefore allocated it to coaching. The Income stated on this quarters accounts shows 129 kBaht from CAT. However this was not known at the time and was written back into the accounts during Quarter 2. A profit of 8.5 kBaht was realised during Cricket Sixes week from the sale of merchandise. Expenditure during the quarter was relatively low, largely because of minimal coaching activity. For presentational purposes it was decided to show salaries paid to the curator and the liaison officer separately rather than include them as coaching expenditure. This also was a late adjustment to the accounts as, at the time, it was not known that CAT would make a separate grant for curator. As a consequence of the later adjustments total expenditure was less than income to the extent that CMSCA could donate the excess to CMCF when they had sufficient funds to do this. The surplus for the quarter of 9 kBaht arose almost entirely from profit on the sale of merchandise at the Cricket Sixes. At the end of the quarter total funds were 79 kBaht. This was made up of 110 kBaht in bank and cash funds, merchandise valued at 21 kBaht (unchanged from the start of the quarter because of purchases), un-reimbursed expenditure on Ground Maintenance of 20 kBaht, 71 kBaht outstanding from CAT (not known at the time) and 142 kBaht owed to CMCF, mainly for the advance donation from Cricket Sixes. In effect the donation from the Cricket Sixes that CMSCA was holding on behalf of the CMCF was being used to keep the CMSCA bank account in credit. Together with the uncertainties about the grant to be received from CAT, this was not a comfortable financial situation.
Quarter 2, July Sept. 2008 Two new coaches and continued cash flow problems On 25th August 2008 CMSCA were, at last, notified of the grant they would receive this year from CAT. This was, for the full year; coaching 420 kBhat, curator 96 kBaht and ground maintenance of 168 kBaht; a total of 684 kBaht for the year, 171 kBaht per quarter. The actual money received from CAT was 100 kBaht on 2nd July, leaving CMSCA awaiting 142 kBaht from CAT at the end of the quarter. In September 2008, in the light of the knowledge of the improved grant from CAT, the officers of the CMSCA appointed Khun Maneerat Jum Bevaqua and Khun Wilaiwan Puy Papworth as coaches, on a monthly salary of 7.5 kBaht, with effect from 1st September. Income for the quarter was 153 kBaht; 105 KBaht from CAT for coaching and curator, plus 24 kBaht from local donations. Expenditure was higher than the previous quarter, largely because of salaries paid to the new coaches in September. In consequence the surplus to be donated to CMCF dropped to 29 kBaht. Total funds at the end of the quarter were unchanged at 79 kBaht. This was now made up of 165 kBaht in bank and cash funds, merchandise valued at 21 kBaht (unchanged), un-reimbursed expenditure on Ground Maintenance of 28 kBaht, 142 kBaht outstanding from CAT and 276 kBaht owed to CMCF. The funds held in Account 2 were high because of further money donated by the Cricket Sixes and destined to be donated on to the CMCF. The large sums in Debtors and Creditors were of significant concern to the officers of CMSCA. Whilst it would have been possible to clear some of the money owed to CMCF, it was decided to postpone this to keep ample liquid funds ahead of the forthcoming ACC tournaments.
Quarter 3, Oct. Dec. 2008 International Cricket returns again It was with great relief that CMSCA received, on 11th November, the outstanding 142 kBaht from CAT for the previous two quarters. A further 100 kBaht was received on 21st December. It was decided to regard this as being for coaching, leaving 71 kBaht still awaited. The ACC Under-17 Challenge Cup competition was held in Chiang Mai and Bangkok during November 2008 and the ACC Ladies Under-19 Championship, involving 11 teams, was held entirely in Chiang Mai in December 2008. These events, especially the later, placed heavy demands on the officers of the CMSCA and their colleagues in Chiang Mai Cricket Club. The CMSCA bank account was very active at this time; 750 kBaht was transferred in and out for the November competition and an astounding 5.25 mBaht for the December competition. Whilst being happy to handle these substantial sums, CMSCA drew no financial benefit from them. A local Under-15 hard ball competition involving 3 teams from local schools was started in this quarter but did not impose a heavy burden on CMSCA funds. Income for the quarter was slightly less than previously because of a drop in local donations. Expenditure increased significantly; in part due to increased coaching costs, in part due to the annual payment to the Webmaster, for maintaining the CMCF web site, and in part due to a Sawasdee Tournament in November. In consequence the CMSCA looked to CMCF to fund the deficit of 15 kBaht. Total funds at the end of the quarter were almost unchanged at 79.5 kBaht. This was now made up of 203 kBaht in bank and cash funds, merchandise valued at 21 kBaht (unchanged), un-reimbursed expenditure on Ground Maintenance of 32 kBaht, 71 kBaht outstanding from CAT and 247 kBaht now owed to CMCF. Whilst it would again have been possible to clear some of the money owed to CMCF, it was again decided to postpone this to keep ample liquidity for the remaining ACC tournament in January 2009.
Quarter 4, Jan. Mar. 2009 Another tournament January 2009 saw yet another ACC Tournament in Chiang Mai. This was the ACC Trophy Challenge, involving eight teams. All matches were again in Chiang Mai and CMSCA and CMCC were again heavily involved. 3.3 mBaht passed through the CMSCA bank account. Yet again promised funds from CAT were slow to arrive. 100 kBaht was received on 18th February, together with the 71 kBaht outstanding from Quarter 3. The remaining 71 kBaht was not received until 12th May. Direct income for the quarter was 153 kBaht; 129 kBaht from CAT and 24 kBaht from local donations. Expenses were substantially similar to the previous quarter and the CMSCA looked to CMCF to fund the consequent deficit of 15 kBaht. During the course of the year CMSCA spent 205.5 kBaht on Ground Maintenance. This was 37.5 kBaht more than the grant from CAT. The CMCF agreed to cover the consequent deficit. At the end of the quarter the CMSCA held 194 kBaht in liquid funds. This was almost sufficient to transfer to CMCF the donation received almost a year earlier from Cricket Sixes. However, it was decided to postpone doing this until after the next Cricket Sixes in April and the receipt of the outstanding 71 kBaht from CAT.
Year 2008 2009, Review A very difficult year The financial year 2008 2009 had proved to be an unexpectedly difficult year for CMSCA. All the officers and coaches had been heavily involved in the three ACC tournaments which had taken place in Chiang Mai, necessarily eroding the time they had available for CMSCA matters. A total of 9.3 mBaht had passed through the CMSCA bank account in connection with these events. The appointment of two salaried coaches in September almost cancelled out the surplus on coaching expenditure experienced in the first two quarters. This situation would clearly continue in 2009 2010. The uncertainty for the first five months of the year about the size of the quarterly grants from CAT had prevented CMSCA making clear decisions about their future financial plans. On top of that the late arrival of these quarterly grants placed a heavy strain on the administration of CMSCA finances to ensure that sufficient liquid funds were always available to meet immediate financial commitments. It was indeed a very difficult year financially and otherwise for CMSCA.
extended July 2009.
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