| Notes to the 17. RELATED PARTY TRANSACTIONS
The following directors of the company are also directors, or key management, of companies which received grants during the period:
Grants made £
R E Corden (Nottingham Stadium) C F Feltham (GRA – 5 stadia)
C A Osborne (Gaming International – 2 stadia) G M Bissett (Ladbrokes – 2 stadia) (A) K P Miller (William Hill – 2 stadia) (B) J Curran (Kinsley Greyhound Stadium)
138,393 643,752 160,698 181,300 209,209 146,768
A The following were directors of the company during the year: A S Ross (until 21 September 2010) and G M Bissett (from 7 February 2011)
B The following were directors of the company during the year: D Hood (until 14 July 2010) and K P Miller (1 February 2011 onwards)
Grants given comprised prize money, integrity support and racecourse improvement grants.
It is the company’s policy that the directors concerned take no part in the awarding of racecourse improvement grants.
R E Corden, J Curran, C F Feltham, J Haynes, C A Osborne and B Faulkner (from 14 May 2010), directors of the company, were also directors of Greyhound Board of Great Britain Limited during the year ended 31 March 2011. Grants of £2,089,500 were made to Greyhound Board of Great Britain Limited during the year ended 31 March 2011. These comprised Marketing £1,025,500, Welfare, £720,500, Regulatory, £171,500, IT, £129,000 and Other, £43,000.
At 31 March 2011, a loan of £44,365 (2010: £44,365) was due from Greyhound Board of Great Britain Limited to British Greyhound Racing Fund Limited. This represented an interest-free loan towards facilitating the new premises occupied by Greyhound Board of Great Britain Limited. An additional sum of £104,975 (2010: £104,975) was due from Greyhound Board of Great Britain Limited in relation to an interestfree loan for payment of a rent deposit. This amount is due for repayment after more than one year. In addition, payments amounting to £67,500 (2010: £Nil) had been advanced to Greyhound Board of Great Britain Limited in relation to the 2011-12 grants budget, and are included in prepayments.
Financial Statementscontinued
18 Annual Report 2010-2011
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