Record profit for Endurance GB
Good news for the endurance world as Endurance GB announces record profits and higher membership
Endurance GB has recorded a profit of almost £90,000 in its first full year.The revelations of what a spokesman for the society described as “almost an embarrassment of riches” show that the sport is on a sound footing a year after the devastation of foot-and-mouth disease.
Chairman John Hudson commented that higher than expected membership levels of 2,750 and increased ride income have boosted the figure. John said that both he and finance director Maurice Whiteley had budgeted for profits in excess of £50,000.
However, the figuresto the year end of 31 August reflect a full year’s income in terms of membership yet only eight months’ worth of expenses.
The high yield, almost three times that raised by the two former societies, the British Endurance Riding Association and the Endurance Horse and Pony Society, could avert a plan to charge potential British team riders £100 each to be on the long-list.
That scheme, according to the society’s spokesman, reflected the view among some members that those “who do the bigger things should pay more”.
The country’s senior team was hard hit financially in 2002, with the youngest squad in years left to fund an expensive trip to the World Equestrian Games mostly out of their own pockets after efforts to raise sponsorship hit the rocks.
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Five new management committee members are to be voted in at this Saturday’s (23 November) AGM from six candidates: Rosemary Attfield, Diana Honnor, Margaret McKiddie, Maggie Maguire, John Robertson and Maurice Whiteley. The 2003 FEI calendar will also be announced.
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