‘Sig­nif­i­cant in­crease in team ex­penses can­not be ig­nored’

The Kerryman (North Kerry) - - SPORT -

WE are pleased to re­port that 2018 was a good solid fi­nan­cial year for Kerry GAA. While our Se­nior foot­ballers ex­ited un­ex­pect­edly at the new Su­per 8s stage of the Cham­pi­onship, which has its own fi­nan­cial im­pli­ca­tions across the board in terms of fundrais­ing abil­ity and sales in our GAA Store in Kil­lar­ney, other ar­eas per­formed well con­tribut­ing to the solid fi­nan­cial re­turns and con­tin­ued progress of the board.

On re­view of the fi­nan­cial state­ments the re­sults show a re­tained profit of €539k com­pris­ing of an op­er­at­ing profit from day to day ac­tiv­i­ties of €111k, do­mes­tic fundrais­ing of €266k and the Five-Year Ticket Scheme of €161k .

To keep Kerry teams suc­cess­ful, huge ef­fort is re­quired from play­ers and man­age­ment alike which in turn de­mand more re­sources re­sult­ing in costs to the board re­flected in our team ex­penses es­pe­cially in the area of player wel­fare and med­i­cal ex­penses. The re­sults achieved for 2018 would not be pos­si­ble without the sup­port of our play­ers and man­age­ment teams who are well aware of the tight fi­nan­cial con­straints that we have to op­er­ate within.

We would sin­cerely like to thank our sup­port­ers, spon­sors and fundrais­ing com­mit­tees for all their help and sup­port in our fundrais­ing ac­tiv­i­ties dur­ing the year.

GATE RE­CEIPTS

WITH gate re­ceipts a very im­por­tant rev­enue stream for the board, fig­ures this year show an in­crease of 25% from the pre­vi­ous year with an in­crease of €90k. The Se­nior Foot­ball Cham­pi­onship in­creased by €96k as a re­sult of a re­play at the semi-fi­nal stage and an in­crease in at­ten­dances across the cham­pi­onship along with the na­tional in­crease to €20 for ad­mis­sion to the county fi­nal. The Club cham­pi­onship month of April this year also con­trib­uted in­creases of €35k with the In­ter­me­di­ate fi­nal a stand out, while in the Hurl­ing Cham­pi­onship we had a de­crease of €38k com­pared to last year’s fig­ures which in­cluded a county fi­nal re­play and ear­lier round draws as well. Clashes with na­tional fix­tures on TV also added to re­duced at­ten­dances.

COM­MER­CIAL IN­COME

COM­MER­CIAL In­come proved very solid again this year with an in­crease of €20k mainly aris­ing from ad­di­tional roy­al­ties from the sale of the new Kerry GAA ‘Back to Gold’ jersey. We would like to thank Kerry Group as our ma­jor spon­sor, and all our com­pe­ti­tion and as­so­ciate spon­sors for their con­tin­ued sup­port through­out the year. Spon­sor­ship is cru­cial in meet­ing the fi­nan­cial de­mands and com­mit­ments each year. The Kerry GAA Store in the Kil­lar­ney Out­let Cen­tre again de­serves spe­cial men­tion mak­ing a profit of €64k. Sin­cere thanks to Niall O’Cal­laghan and Noreen Cooper and the staff along with John Joe O’Car­roll and John O’Leary who rep­re­sent us on the Board of the Kerry GAA Store for their out­stand­ing work and mak­ing this ven­ture a very im­por­tant rev­enue stream for Kerry GAA.

FUNDRAIS­ING AC­TIV­I­TIES

THE Kerry GAA Night of Cham­pi­ons at the Dog Track again proved to be a huge suc­cess. The event raised €62k and has now gen­er­ated more than €520k for Kerry GAA since 2010. We would also like to recog­nise the ef­forts and con­tri­bu­tions of our Golf Clas­sic Com­mit­tees in Kerry and Dublin which gen­er­ated €39k for the board. To all the clubs for tak­ing up the an­nual church gate col­lec­tion on be­half of the board, bring­ing in €15k in 2018. Devel­op­ment fundrais­ing brought in

€126k with a Cor­po­rate Din­ner in Dublin and a Golf Clas­sic in New York. Un­for­tu­nately the Fitzger­ald Sta­dium fundrais­ing is down €38k this year and hope­fully this can be re­stored to pre­vi­ous year’s fig­ures in 2019.

Cairde Chiar­raí un­der the chair­man­ship of Mike Mc­Carthy again made a wel­come con­tri­bu­tion of €50k to the board along with €45k from the busi­ness peo­ple of Tralee through the Austin Stack Park fundrais­ing com­mit­tee un­der the chair­man­ship of Tony O’Ke­effe.

COACH­ING & GAMES DEVEL­OP­MENT

COACH­ING & Games Devel­op­ment con­tin­ues to pro­vide high qual­ity coach­ing to our clubs, schools, coaches and IT Col­lege Tralee. With eight full-time coaches em­ployed, Donal Daly and his team pro­vide the nec­es­sary coach­ing struc­tures and sup­port sys­tems to en­sure all our clubs and schools are pro­vided with the high­est coach­ing stan­dards. The Sum­mer Camps again this year went from strength to strength with over 7,000 par­tic­i­pants and pro­vided a wel­come boost to the boards fi­nances. With Ter­ence Houli­han as Coach­ing of­fi­cer, this is a very ac­tive brief within the board which in­cludes all our devel­op­ment squads in hurl­ing and foot­ball along with the Sum­mer Camps.

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