03-09-2011, 08:55 PM
SRB Wrote:How is this money being used?
Is some being spent on prize money/attracting titled players and some on buying the sensory boards?
Is all of it being spent on the sensory boards
Is all of it being spent on prize money/attracting titled players
Are there any conditions attached to the donation/sponsorship or is it up to Chess Scotland/the Scottish Championship how the money is to be spent?
The entire amount is for the Scottish Championships in line with the budget submitted to the benefactor.
None of it is being spent on Sensory Boards. The benefactor has allowed £6000 to be used for the purchase of the boards but must be returned to the accounts for the 2012 event.
Most of it is being spent on improving the prizefund and on offering conditions but some will be spent on hire of the venue and the transmission of live games hopefully with commentary at the venue.
My calculations showed that the cost of the boards could be covered by known donations and other means that I'm not going into here over a period of two years. I have got an agreed interest free loan for £2000 had that been necessary but I hope it will not be.
I think this answers all of your points.