2023-12-31-accounts

HARROW SCHOOL CRICKET FUND AecouDts for the year ended 31st Detember 2023

Poke J Harrow School Cricket Fund REPORT OF THE TRUSTEES The Trustee5 subrnit tht statirt(Kv rqmt s￿] accounts of The Haw¥D SclMM)I Cricket for the ye8r ajded 315t DeCem￿r 2023. The Fund is CO￿lItI11ed bv Ded of TTu& and bettme rwered £¥t 12 se1￿C￿2[￿K1. 1082374 The fknnds princirdl addrt&s is Fi¢ld House S(yJttL West StreeL HaTWOWQll the HilL MiddleseK HAI 3EIL Objtt¢ives The Fw)d's charitable objtttives ￿ to help the ofthe FreeGraTn1ll￿ Sch(x)l of John Lvon to provide fI￿t cl&ss cricketing * Harrom. Sch(x>l. Prlntipl Artivity Thc Fund's piincipaj ¥ivity is ￿ (kxwe fun(b to the Sckni and improv¢ its cricket ¢ithing w)d fauilKIics. In plannirkg their ￿tivitieS fiythe y¢8rthe TEUSLees co]Lsid¢r¢d th¢ guidance on public IKnefit as ISSU bv the ChaTiN Commission. During the year donati(>ns Mrre made to the Sch(Kbl in resp?￿ ￿ S￿lfiC requests r￿CriLet equipm￿1 and Field House Club expenseswhich this vear included a uiekd oge-. spin IM>wiing mhin< and a IxMqiTr8 anatysis systrm. OrgAiiisatlo The trustees m¢et with repre5entalives orHa[ro￿ SchLM)I twÈce a)earon a foTma] IKL8iS to discuss how best to a5Si%t The Govertlors in impw￿l￿g the cricketing facilities. The Maj￿ risks to Mtht¢h the charil! is ext￿￿[ identsfia by the Tnjstees. have been reviewed and have Ixen esrablished ts) mtthgate those risks. fFnantlal Report for tbt Yer The Ac¢umulated Ftsnd has rt5en by £25.808 itxthe vear to £91n.614. Thc investment fund increa5¢d in value during the year by jusi over 4%. With etyect fn)m l J3nuarv 2015 the Tft￿tr5 decid￿ to adotA a aN￿oaCh in order to calculate th¢ amount that be made aailable for th￿ati￿s. De￿15 of the ralculation in res￿LI ofthe ¢ornin8 ycar are iD¢Judd in norte 6 to the The amouai caiculakd as available for MithdEavi71 iTr 2023 is £31178 In the ￿"le￿ of th¢ irustees of the income h&s len Tr5tricted by the th)rtotS other than the requiremrnt for the income or ¢Jonaiions to k used for the furthfftnce of crickd iES l)roa<k5t sense. The Furtd'5 banker5 Westin]￿ Bank in HanThv. Middle5ex. The Fund'5 invcslm¢ni ath'ISe￿ aTe ￿￿e[M)l"e Capithl ManagLirKnL I IA)rxknn Wall Place. EC2Y SAU During the ytrdr [na￿eMent of fund was CarrTr￿ out by: D P Wjwtt IChaÈrrtianl J D S Fricker (Honordt! Treasurer) H St J R F(kStrr {Honorary Se¢rdaryl R D Nelson ITnJst¢¢l S P Berry I'rtust¢el R A J Hills (Trustee) New Trust¢ts are apEM)inted bv th¢ Prtwd of TnL5tees a[￿ will wmdly IKAd office an Inde￿itC tertn. Staff & VoltEnittrs no staft"ittvolv¢d in rL￿￿ing the Ex*￿IDer The'l rustees recommthd thatthe a￿¥￿Trts ￿ ex5rni￿ by Walkerof Frxthrerose Limitrd. Signed on ￿hairOf the Tn

Pagg 2 Harrow School Crieket Fund llldeperldent ExJ•inerfs Report This rery)rt is on the aCCA)uThts of the Harrow kh(Kkl Crick¢t Fund (charits. numEr 10823741 [￿the Year ended 31st Decern￿ 2023. which are set outon i to 8. and is in resta of 8n lE￿￿¢￿t examination. The ciwity's tr￿lle¢S are re¥￿Th$]ble f￿ the ofthe ac￿￿1]￿. Tr ch&ity's tru%tee8 tonsider that an audil 1.8 not required for this year tsnikr section 144 of the Charities A¢t 2011 (the Charities Act) and that an 1ndgxnde￿ exafflit￿￿ is ne￿. It is my resFK)nsibilitv to-. - examine the acLM)unts {￿derVEd1￿ 145 of the ajarities Ad}; - to folloH' the wKedllr￿ laid (kiwn in tht GeneF31 Directions given by the Clwtty Comrllission¢rs lurth seL%ion 14515Mbl of the Chariiies Act)" and - to state whether W1icular mattcrs haie to attaAion. Bgsig ofiDdtpendent rryort My ¢%aminatiott W5 (xrried O￿t in aco)rdtTrce with the General DireL1O￿s given bv the Charity Commitsi¢)n¢F5. An examination includes a ￿'it￿ of the accounting kept h). the chants" and a comparison of thc ac&)UTLts with those re¢i)rds. It also includ¢s Lonsidering aTry unusual itenLS nrilixlosures in the aLts)unLs and seeking expl￿allonS from as Lx>rtcetRing such matter& The EMrthlure5 UrKkrt￿ert du not proi.id¢ all the evidenLe that iTrould ￿ re4uir¢d in av audit. and cons4llet)Uy no op1￿lOn is given as kn I￿￿ether the aCUM￿ts prc5cnt a't￿￿ and fa5rf vie1 and the repmt is liThtted to those set oul in the Sta￿￿e￿I belom". Independent eyamitie￿s sxtemeDt In tiMnection wÈth t)Jv examirwtiffi. no mauerhas corne lo altefttion: {] I whiLh eii'es tne re￿nabIc cause to beliJ'e thai in fftateTial re5rKci the r(xuitttnents - to kcep accounting re£ords in accordafi¢e with Section 130 of the CharitiesALi attd - to prepare accounts i%"hich accord with the at(xMmiing ￿rdS - to comply with the appliL?bl¢ r¢NuiremenLs eoncerning thc aT¥J a)nlent of aLYOUtts Set out in the Chariti&s (Accounts and RqM)rt51 Regul*](￿ 2(X)¥ have not been rn¢£: or 12} to which, in m) optt)ioN attenti(Trn shiyjld l￿draWit in (thto el￿b]e 8 wtyerunderstsnding of the accounts to be reached. lan w￿k¢rCAT. FixtureTr￿ Limit(xJ 43 Beresfi)rd Road St AIIxtns Herrfor(Lshire ALI )ThW

Page J HarroTrv School Cricket Fund state￿*llt Of fJnaDti•l Adivitits ftrr th¢ year to 31st Iktembtr 2023 Year to Year to 31112n022 31112r2023 INCOMING RESOURCES 1&2 36.763 36,118 Other tn(x>me 1&2 tknnatiorks l&) 183 £36.301 RESOURC&S EXPENDED eTicketing wyipmcnt s&￿¢¢h Day Rele￿1(￿] A55iStance for 3 membeES ofcrÈcket Twrts) India Field Ilouse Ewnses: mainte[kn￿Ce Other nmtting Governance costs Investmeni Mattageffteni o>sts Bank chargcs IndipctLdcnl Examination fr¢ 15.(FlO 1394 19277 1,60? 7.500 23 922 529 23 R21 55) 440 L?6.Sjl 44f) £30.219 ET INCOMINCI{OUTCOING> RESOURCES IOJ9i 6,082 GAINS AND LO&SES ON INVEStMEP4TS PYofitsl{10&5es) r￿liS¢d on investments {1.443} Net increa5elldLYreasel in n]aJket va]ue of inTrc5tsntn¢s 15267 (98.0991 REALISED AND UNREALISED INVESTMENTCAINSI (LOSSES) FOR THE PERIOD 15.413 {99.542} NET MOVEMENT IN FUNDS £25.808 1£93,460} BALANCE BROUGHT FORWARD AT sfART OF PERIOD 84.81K) £978266 BALANCE CARRIED FORWARD AT END OF PERIOD £910.614 £884.806 The Dotes on 6 to 8 fonn rort of these a¢oM]nL% Independent F.Jamincrfs Rerth pagc:.

Poge 4 Harrow School Cricket Fund Balw¢ Sh¢tt zs *t 31st l>ettmber 21123 31n2121123 311J212022 LISTED INVFSTMENTS At market value (￿t£S l & 6} 912J18 s75.￿5 CURIiENT ASSETS Debtors Itx)te 41 Cash at bank Cvtrent attounts 8.949 18JlO 185 1.429 9.134 19.739 CURRENT LL4BILITIFS Crcditor5 Inotc 51 6￿) 690 NET CURRENT ASSETS 19.049 NET ASSETS £￿￿.76? £894.954 REPRESENTED BY :_ ACCUMULA'IED FUND lunrestyictrd) 910,614 884.806 APPEAL FUND (unr￿tric￿l} ￿kn￿lOn5 received 10.148 10,148 £920.76? £894.954 Apprnved b>. . J)gL The Thrte50n 6 to 8 fwtn of th¢5e aca)uTrts.

Page 5 Harrow School Cricket Fund Sl¥trmtut of 50urte xlld applitaÉion of fw#ds fgr the ye8T ts Jlst Deetmber 2112) 21122 SOURCE OF FUNDS Pr(￿& from sale of investtnents It￿ of ex￿1$e9) 15,757 30.555 15.757 30.ii5 APPLICATtOP4 OF FUNDS IncollK reinv¢&m¢ntl Purch￿Or1￿VCstM￿ (36.757} (36.114) Extess of income over eX￿dItl￿c 10.395 6.08? AdJ￿ent items itwolwng the nu>v￿ent of fund8 10.395 6,(182 {DECREASEVINCREASE IN WORKING CAPITAL £10.6051 lInCre￿ydeCr￿V in creditor5 IDe¢re&seYmLYe￿ in bank arwj cash (10.6051 1£10.6051 £.i2.3

Page 6 Harrow School Crieket Fund Notes to the forthe yexrtnded 31st Ik£tmber21123 l. Attom￿ling Politits The fJnat)cial StsLements have ten [mep￿t￿ u]Mler the hisiortcal thnv¢ntion in accordance with applicable acc(HJnting standarth the Statemeniof RecornEDetti]ed Practice on Accounting ￿. Chatilie5 IFRS 102). the Chariiies A￿ 2011 and on a ￿lThg c￿Cern tMSi& a.)Fts The ￿T￿lS of the HarroH' SclKxyl Crickd Fur￿ are of an Unrestrict￿ natuK in Lhat thei. not subjLLI ts) anN' reSlTiLiions te8at(line their use. and are ai'ailablc for application on tht ?entTai ofthe Hatr0￿. ctitk.et Fund. b.Ilnvesiment I￿Orne Investment Income 15 included on the ix5is of divider￿ interest 8JLd a￿Umulation credits r¢¢eivabl¢ duTiNg the vw. A¢¢urnulton credsts mav reinvestvj in the inve5thiellt fund &8 thej are received. under fiift Ai d.) Gain¥ al￿10s5e3 itrThesiments Re￿iSed gains or lo￿ are reCognL￿ Mthen invesments are g)Id Ut)rtalised gains or lows are acrount¢d for revalyati(Xb of inve5m￿ts at 31st Dec¢m￿r. e.IErgetth"hwe f.)Lisledlpnysin￿nts Invesknjents are ￿8]Ued al markd at ]1￿ tkcember. The market N71ue is detrrtnined t5 the [nid￿[WkeL I"alue. 8.1FiKedAssets F￿ed A&sets are ivritten off in the vear (Jf ptrcha* lrt res￿Of tertaÉn artefacts 014IILxI b¥ thc FuniL ￿￿tte of Mhich ￿ere a4uire4J ￿aThY vears ago. the ori8inal cost is noi casilv ascertainable. In the opinion of the Trustecs, the cost of ob￿nIng a rwaswdble t5tifftate of original c05l or c￿￿ value to the Fund would 0￿￿eigh Sigmiritrdntl￿ the IKnefit to Lr d￿li."¢d from (kTring ￿. Accordingi) such assets are not included i)n the bakncc 5h¢el.

Page 7 Harrow School Cricket Fund Notes to the forthe ye*r hbJls¢ D¢etmber 2023 2. Investment Income {ullrtstricttd 21122 Dividend5 from listed inv£thents and h trdstul financi21 insrrun Invcstment Fthld Ac¢umulation Crdtts Ireini¢&ed) 3(757 36.114 DetM)5it interesL Other incom¢ £36.763 £36.118 J. Donations {••restricted fllttds) 2023 2022 s￿￿'n￿lunS and thmjatsons 183 183 £183 4. Debtors 2(122 5. Creditor5 20LI 21122 Cr¢dkth for 8￿mJS and seThqces 6YJ 690 £690 £69)

Puge 8 Harrow School Cricket Fund Iyotes to the acco￿ ftsr the yt4r to 31st Deetmber21123 6. Invest￿etsts Cxe#ove Cxpilxl 21122 Mark¢t value at tginnthgof ]xYl￿1 s75.￿5 969.888 Reinvested AcCumll12ti￿ Cre(ffis i6.757 36.114 Sales- net IT￿ted5 115.757) 130,5551 Changes in maTkrtvalue- W￿liSed gainsllkbse51 15267 {94099) Rea]ised g2insl(losses) utth sale {1.4431 Markel Yalu¢ 8t ¢TKlof wi(Kl £91?.j18 £875.905 Hi5knric cosL eod of peri(KJ £8Ji.177 £813.070 Ddi15 of materfl (walt over imvestMets I￿ portfvlio at 31112121111 Holding HisioThc cosl .Varkei volue Chariry Multi Asset Fund £835,177 £912.318 Iwtthin this Th]ulti futKi the folkntring Tnatcrtat InvcstsEK￿ a￿ held: VanEu2rd S&P 51K) UCITS ETF HSBC FTSE All-world Itjdex Fund Schnmler Global SusthiTrable Growth £140,034 £105.182 £61.872 With effea fmtn l JaN4J4ry 2015 the Tnjsiees decid￿ to a(kyt a tthal rettmj approach io calculate the amount that Can bc iv]th(Irdwn from the tun4 in a finaficiai ￿ear. Und¢r the rtLY ￿liC}. up to 3.5% of an average of the fimd va]u¢ for e&h oft.the precedin8 3 years dithiiK](L AmoU￿￿vaRIobleIor(￿SffibU4Ion InVe5M￿ni 1'aiuifft & 31 Decern￿ 2￿1 Investrtjeni I'aluation * 31 Decemi￿r ?(Y22 Investtnent valuation at 31 Decemlxr 2023 9.888 87i.g)5 912,318 919,370 Am(Mmi avatlable fordistrii￿ti0n atJ.i%- ?023 31178 7. Trll5tees' ReM•￿t￿tiOn Exwsts No remuneration directiv or It￿]rL￿dI (￿[Or the fiumls of thecharity Fmid or pavablt for thr (MJ to an￿ trustee or ts) any pvrn)n (¥pe￿￿)S knomryj COTLTbEcd an￿ of them. The OTtly re1rnburse￿ts of ex1￿5¢5 Telate ￿ ineithnta] co%$ arising from the six-monthlv TTUStce Me￿ingS. totsJl¢d £67? for the ear 12022.. £5711. No reimbutsetnent of any kind rem￿nS thje ts) ￿ made to of the TnEses in res￿ of the year 12022 £nil).