Reglstered number: 04677231 Charity number: 1100812 BATH CRICKET CLUB TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Bishop Fleming BATH CRICKET CLUB CONTENTS Page Referencg and Administrative Details of the Charity, its Trustees and Advisers Trustees, Report Independent Audltots. R9POrt on the Financial Statoments 14-17 Consolidated Ststement of Flnanclal Activitios 18 Consolidated Balance Sheot Charity Balance Sheet 20 Consolidated Statement of Cash Flows 21 Notos to the Financial Statgments 22-35 BATH CRICKET CLUB REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustees D O Hilton, P￿Sident I￿Signed 18 January 2023) M C Hankins, Chairman DEBean G Brown A J Linnett K D Moseley G A Randle R S Sandford (appointed 18 January 20231 K Young M D Kerr (resigned 31 October 20221 Company reglsterod numbor 04677231 Charity registered number 1100812 Registered office and prlncipal operating office Bath Cricket Club North Parade Brid9e Road Bath BA2 4EX Company secretary Karen Young Independent audltors Bishop Fleming LLP Charte￿d Accountsnls 10 Temple Back Bristol BS1 SFL Bankors Barclays Bank plc 37 Milsom Street Bath BA1 1DW Sollclto Bates, Wells & Braithwaile LLP 2-8 Cannon Street London EC4M 6YH Insurance Brokers Club Insure Ltd Rom&ro House, 8 Airport West Lancaster Way Yeadon Leeds LS19 7ZA Page 1 BATH CRICKET CLUB TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present their report and the audited financial statements of the Club and its subsidiary for the year. The truslees have adopted the provisions of the Slalement of Recommended Piactice ISORPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial ststemenls ofthe Club. The financial statement5 have been prepared in accordance with the accounting policies sel out in notes to the accounts and comply wilh the Club's governing document, the Charities Act 2011 and Accotsnling and Reporting by Charities.. Slalement of Re¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. STRUCTURE The club started operating on 1 April 2003 as a company limited by guarantee and as a registered charity with Articles ofAssocialion, which were last amended on 6 November 2014. The Club has a wholly owned trading subsidiary - Bath Cricket Services Limited IBCSLI. GOVERNANCE AND MANAGEMENT The Man2gemenl Committee IMCI or Board of Trustees has eight members who are elected lo designated posts from the voting membership. This membership pool contains a range of skills, knowledge, and experience to support the purposes Df the cljjb. Interested persons can attend MC meetings by invitation to offer new ideas and challenge. On appointment, new MC members are appraised of their duties as trustees of a charity and as company directors and further training is offered when necessary. The MC is responsible lor directing and controlling Ihe charity whilst the full-lpart-lime professional staff run and operate the charity on a daY-t￿daY basi5, ensuring core 2clivities meet high standards, as well as providir¢g support to volunteers. The MC meets or receives electronic updates during the year lo control the club operations and finan¢es and, like many organisalions in the post Covid era, meetings are a mixlLtTe of in%)erson and via Teams. The governance and management stsucture of the Club continues to be effective at supervisory and opefational levels with balanced control, appropriate delegation of financial responsibilities and appropriate of cricket activities. Roles and responsibilities within the club are regularfy reviewed to ensure the structure remains fit for purpose. Risk management continues to be afforded regular attention by the MC with major risks reviewed and procedures put in place to manage them. The club uses the QuickBooks financial accounting and management information system lo accurately ￿e0rd all transactions, file VAT relums and produce financial reports. Health & Safety is given a high priority and professional expertise sought when rbecessary. Insurance feviews are carried out annually. All trustees give their time freely and received no remuneration for their trustee services in the year. Details of other trustee remuneration, expenses and related party transactions are disclosed in note 12 to the accounts. The club employs nine full-lpart-time professional staff and has access to a pool of paid casual hospitality 51aff and cricket coache5 to enable the effective running of the club and il encourages non-pl2ying volunteers to contribute lo the running ofthe cricket club mainly throughout the competitive cnckel season. Child welfare receives critical attention using cuslomised procedures adopted under the aegis of the ECB {England & W?les Cricket Board}. The club has Clubmark accreditation which recognises that best practices ale in-place to develop and deliver high quality community Cricket in a safe, effective, and child- friendly way. Page 2 BATH CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Following the introduction of the new Data Protection Act IGDPRI the club remains Cyber Essentials accredited, and the MC continues to take ils responsibilitie5 to ensure any personal data held al the club is secure seriously. OBJECTIVES AND ACTIVITIES The charitable objectives of the club are to promote community participation by providing facilities and seNices for playing cricket., and lo advance the education of children and young people. Supporting activities are conducted in Ihe context of being an ECB-appoinled Focus Club as a hub of the community cricket development network. The MC has regard lo the public benefit guidance of the Charity Commission in deciding which activities lo undertake and it plans to meet the aims for public benefit. No detrimental or hamiful effects or private benelils have been identified. The MC understands the importance of continuing lo make a valuable contribution lo the wider community and considers il vital that the charitable purposes continue to be pursued with high standards which involves using the service5 of professionally qualified people. In 2014, the MC produced a Club Plan, a strategic framework to identify the core values and aspirations of the club. In 2018 the "CILtb Cricket and Community Plan. 5pecificalty recognised the Challenge of increasing cricket particip*ion and the importance of delivering an expanded community outreach programme. The 2020 review recognised the risk inherent in club's reliar>ce on ils car park income as well as a desire lo gTOW the club's cricket and hospitality brand. The 2022 review was postponed lo autumn 2023 following the delay in re-opening of the car park and will be a strategic and wide-ranging review resulting in a new three-to-five-year Club Plan. The development conlenl of these plans is updated annually, on-line, on the ECB'S County Board Management System to maintain Focus Club status and to continue lo quality for grants, participale in the collation of national stabslics and enable the ECB to determine support resources. The MC considers the following summaries illustrate how the club achieves its charitable aims for public benefit. These summaries describe.. Achievements and performances reflected in the April 2022 to March 2023 financial results (including the 2022 playing season). Achievements and perfomiances since April 2023 to provide up 19 date information on the Club's activits"es. including the 2023 pfaying season. Page 3 BATH CRICKET CLUB TRUSTEES REPORT ICONTINUED FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE CRICKET Senior Cricket: Summer 2022 Women's Cricket The girls and women conlinued to train on Friday evenings. Our women enjoyed another impressive season with The Wanderers 1 st Xl winning the Southwest Women's Regional PrerDier League tille losing only one fixture. Unfortur¢ately, the 2nd Xl only played three matches in Gloucestershire women and girls, competition, winning Iwo of these fixtures. The ECB Women's Club T20 Cup run came to an end in the regional final against a strong team from Hursley Park cc. Men's Cficket Attendance at men's training was excellent with over 40 players training on a Thursday evening and enjoying supper afterwards in the clubhouse. We were blessed with some beautiful weather with only one week of fixtures lost lo rain and spectators were treated lo some fine individual and team performances. The Men's 1 St Xl comfortably won the WEPL lille - the first lime in four years with five batsmen aveTaging over 50 and our oveiseas player breaking the league run record with a very impressive 1196 runs. The Men's 2ryJ Xl consolidaled Iheir place in the Bristol Northeast WEPL with a solid set of performances that resulted in a mid-lable finish. The Men's 3rd Xl w88 unfortunately relegated from the Bristol and District League Division 1 having lost a core of players who moved away from the area. The 4m Xl also had a difficult season which re5ulled in relegation from the Bristol and District Division 4 league bul more positively this team often fielded more than half of ils players from the dub's 14-17 age group. Cup Competitions After the success last season in the National Club 40 over cup competition, the club lost in the Regional Final against Potterne CC in close and rain affected contest. The run in the National T20 competition also ended al the regional final stage against Bristol CC. In the Somersel T20 Major Cup we lost in the semi-final to the eventual winners Bedminster CC. Thg John Downey Trophy Was retained by Bath CC after winning 2 of the 3 games played. enior Crlcket: Summer 2023 Women's Crlcket The women and girls have continued lo train on Friday evenings. The Soulhwesl Women's cricket league was disbanded and replaced wtlh a new and exciting WEPL ladies league with the lop eight sides from Somerset, Wiltshire and Gloucestershire compeling. The Wanderers 1$1 team currently top this league having won all five games played so far. The ECB Women's Club T20 cup competition came to an end against a strong Exeter CC. The 2nd Xl is playing local friendly fixtures this season and the club Is working hard to overcome the challenge of finding suitable and regular fixtures for this team. It was a proud day fof the club in July we provided five players for the Somersel Pathway U18 Girls team in a match vs Cornwall and one player made their debut for Somerset in June. Page 4 BATH CRICKET CLUB TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Men's Crlcket Despite 2 rather soggy April, the 13t and 2nd Xl teams enjoyed a suwessful pre-season with a trip to Guildford CC and fixtures against Cheltenham and Swansea CC al North Parade. The Men's 1 St Xl is currently second in the WEPL recording some excellent team and individual performances including a new Club opening partnership record of 219 runs. The 2nd Xl is having much better season in the Brtstol Northeast WEPL and are fighting hard for promotion. The Men's 3rd Xl is currently 8th in tho Bristol and District League Division 2 whilst the Men's 4th Xl is bottom of the Bristol and Distitct Division 5 league. In cup competitions the 1 St Xl has reached the semi-final stage of the Somerset T20 Major Cup and finals day of the WEPL T20 Cup. Our run in the National Club 40 over cup competition came to an end at Ihe regional finals stage in a elosely contested match played at Penzance CC. Our U19's team is enjoying an excellent run in the Somerset T20 competition under the leadership of a group of parent volunteers. The healthy emphasis on enjoyment and playing as a group is reaping benefits as they have progressed lo the Quarter Final stage after winning in a rain affected match vs Hinton CharterhoLtse. The finals day takes place in Taunton at the County Ground Upgraded S¢oroboard Early in May 23, we welcomed the nephew of former 1 St and 3rd Xl scorer and Hon Life member Ken Patterson lo o)Yicially open the new scoreboard in Ken's memory. Funded by the development project it will benefit all players bLrt especially the juniors as coa¢hes will be able lo operate il remotely and score their matches on a big screen for Ihe first time. Junior Membershi Cricket: Summer 2022 The decision made in 2021 to reduce squad numbers reaped rewards in 2022 with Improved performances on the pilGh and higher levels of match participation with one young player turning out for five different teams throughout the summer. Vvhilst our Senior 161 Xl Men had been unable to defend their national title, our U13's ensured the club were still the proud owners of such an accolade when they won the U13's National Cup in August. Over 1,400 teams entered the championship which culminated in a final's day al Rugby School. In scorching hot weather, Bath faced Sonning CC from near Reading in the final. Winning the loss and deciding lo bat proved to be a good decision as the boys amassed 132 for 3 - a total which proved loo much for the opposition who were bowled out for just 66. Local league and cup 2022 highlights included.. Displaying a good all-round mix of skills, the U11 B team secured a league and cup double, losing only one game all season. Unfortunately, neither U11 girls, team were abre to record a league win but these young ladies will hopefully have benefitted from the match experience and better fortunes in 2023. The U13's achieved a rare triple - added local league and cup victories to their nattonal cup title. The U138's and U13C's finished 3rd and 4th respe¢lively in the league. Bath Girls Daggers finished 1 Olh in their league. The U15's came 3rd in their league. Junior Membershi Cricket: Summer 2023 The club continued to review its junio¥ membership product resutting in each squad representing a school year lo promote year group cohesion. Local league and cup 2023 highlights include.. Page 5 BATH CRICKET CLUB TRUSTEES REPORT (CONTINUED} FOR THE YEAR ENDEO 31 MARCH 2023 The Gids U13 (School years 5-81 won three matches and drew one after a two-year k)sing streak. Whilst the U15 Gir15 Years 9-101 didn't manage a win this season, results were much closer against their all-male opposition and this group have requested the creation of an U17 Girls side leslament lo the focused coaching they have received over the winter and summer and enjoyment they are experiencing playing the game, regardless of the match results. The U11, U13 and U15 boy's teams are 811 through to Ihe semi-final stage of the local Bristol & District cup competitions. Youn Crlcket Coaches The club invested ovef the winter in up-skilling two of ils coaches to Level 2 and four more coaches achieved their Level 1 coaching certificate. There were new ECB All Star aclivalors, 17-18 year olds, all produds of our youth programmes. Junior Ciieket.. SO- ear annivorsa On Sunday 4 September, before the final John Downey cup game, the club marked the occasion 0150 years of junior cricket al the club with a mini U9's festival against Lansdown CC. Afterwards the Bath CC President paid Iiibule lo the 'founder' coaches for their vision and contiibulion lo junior cricket at the club. All players were given a commemo￿liVe T-shirt lo mark the occasion and the U13 boys were presented with a speC￿al cap to celebrate their national cup success with their captain being invited lo cul a Sot anniversary cake, COMMUNITY CRICKET, MENTORING, AND INITIATIVES Schools Throughout the year, the club continued lo participate in a busy schedule ofcricket activity and mentoring at local schools in the community. Chance to Shine Vvorking acfOSS the school years 3-6 Ichildren ages 7-111. Chance to Shine sessions typical include an introduction lo the benefits ol a healthy and active lifestyle, irnprovemenl in physical literacy agility, balance, and coordination as well as cricket specifi'c skills catching. striking, and throwing. Additionally. the sessions promote the development of teamwork, discipline. respect, and resilRnce. During the FY22-23, working closely with Somer5et Cricket Foundation ISCF), ou¥ community coaches delivered over 150 hours, worth of sessions. Our coaches worked in St Martins GaTden Primary, Roundhill O'unior and infants), Widcombe Junior, Oldfield Park Junior, and St Philips Primary schools of whom are unable to provide any regular cricket experiences. The k)ng-lerm placement al St Vigor & Sl John Primary school in Chil¢ompton also continued. Since April 23, the coaches have also started cfelivering sessions at Ralph Allen school, Sl Gregory's school and Twerton Infants and St Michael's Ibolh schools are in one of the most deprived areas in England) Mentoring Thanks to the support of a Curlew Capital, the club began a new community engagement inilialwe in the autumn of 2021 mentoring nominated children with behavioral andlor learning challenges. in 8 weekly one to one session, designed lo help dampen anxiety and rebuild confidence. The sessions are one on one time wilh a lfusted adult with the aim of allowing the pupils to reflect on their experiences in class and with their friends and their families. We work with the schools to sel Page 6 BATH CRICKET CLUB TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 achievable tasks to not only raise performance in the classroom but their self ¢onfiden¢e and seff- esteem. The club also provides each mentee with the Matthew Syed journal 'You are awesome., In April 22, 28 children were benefitting from the programme. Girls Secondary School Crlcket Together with the SCF and Chance to Shine the club continued to promote cricket for secondary school aged girls. In 2022-23 our coaches worked in Ralph Allen and St Gregory's schools delivering a curriculum session which tyPIC8lly included mainstream PE, a cricket taster and leadership skills for girls in year 10 as well as after school clubs. We estimate thal by the end of summer 2023 we will have reached c.170 girls al each school. In June 2022. the club began a new venture with The Royal High School in Bath lo deliver part of their sports curriculum with an objective to develop a hard ball girls school cricket team. The three sessions a week proved very popular resulting in 10-20 girfs attending the after School crickel club. Due to ils success. Cricket continued throughout the winter with a session every Monday and this summer there is coaching at the school three times a week and we estimate over 90 girls have enjoyed this initiative lo dale. Farrington Gurney C of E School Unfortunately for this school, Chance to Shine funds were allocated elsewhere but due to the perceived benefit and pupil enjoyment. the school continued the programme on a self-fvnded basis. Once a week, our community coaches deliver a Key Stage 2 erickel session, and we expect 120 children will have participated in cricket activity by the end of the summer. The objeeltve remains lo raise awareness and enjoyment of cricket and to encourage the pupils lo migrate to Chilcomplon, Purnells or Timsbury cricket club's youth section. er 1s Disabilit Cricket The Club continues to support disability cricket. Super 1,5 cricket is a fun session, played with a softer ball, aimed at young people aged 12-25 years of age with mildlmoderale learning difficulties or with a physical disability. In 2022-23, our Community Coach delivered these sessions al Three Ways school in Bath and at the Margaret Coal Centre lal Sl Martins Garden Primary school) for children on the autism spectrum. Our coaches also supported Ihe development new Super 1 coaches and the very POPLtlar Table Cricket which is played on a table tennis table. Partnershl inltiatives with SCF Winter Programme The club continued lo provide a community coach to help deliver a 10-week wintei programme on Saturdays forjunior players from across Somersel who just missed out on a county trial andlor dropped out of the county programme. These sessions offer additional skills waching. Mental Health The club retains a Mental Health wellbeing champ¢on. The campaign aims to reduce the stigma around mental health and provide a point of contact able to signpost people to relevant support services. During July and August 2022, the club also supported Men's LBW- Little Breaks for Wellbeing" sessions on a Friday afternoon foi men aged 16-25 providing an opportunity for any ability to just drop in, ¢hat and play some crickeL BCC Communl Pro rammes ECB All Stars and Dynamos Cricket In 2020. the club decided lo provide the 8-week ECB initiative - 'All Stars. cricket - in place of its Stumpers programme. In 2022, we moved the sessions to a Friday evening with 40 All Stars and Page 7 BATH CRICKET CLU8 TRUSTEES REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 21 Dynamos coming along. The programme is a fantastic way of welcoming new families lo the cricket and hospitality al The Bound?ry. This summer, we have welcomed 46 All Stars and 25 Dynamos. Crlcket Camps 2022 We delivered Easter. Summer half tem and summer holiday cricket camps and advanced camps in the financial year. After experien¢ing lower than expected attendance al E8Stef, we sulveyed parents and increased the length of the camp day as a result. In the financial year more than 200 children have enjoyed a cricket camp experience. Our advanced cricket camp option proved as popular as ever with all sixteen days sold out as soon a5 advertised. These camps support the migration of players from soft to hard b311 cricket parh"cularly when they have outgrown the traditional camp activities. In 2023 a review of our holiday cricket camps was undertaken in response to making the camps more accessible to all, whilst providing products lo meet cricketing needs. This resulted in three new offerings.. Multi-aclivity camps. An affordable half 01 full day option offering dodgeball, kick rounders, arts and crafts, cinema club, game5, and competitions as well as a popular luck shop. Advanced cricket camps. For cricketers aged 11-15 covering skills foi batters, bowlers wiekel keepers and fielding. Elile Groupg. Limited to just six for each grouplskill with Ihemes such as "Spin Doctor" and "Launch Pad," participants benefit from our experienced coaching team a5 well as guest appearances from our 1st Xl players. Free School Meals Camps 2023 In April 23 we began a pilot project offering free holiday camps with healthy meals and Snacks included for children on Free School Meals al St Martins Garden Sch(￿1. School Strike Days 2023 We recently introduced a new affordable £10 half day camp on teacher strike days. Open to all, this morning offered children the opportunity to participate in or9anised outdoor activities or indoor arts and crafts with their friends. We received a great deal of positive feedback from very grateful parents. Around 100 children have participated. Autumn Cricket In October 2022, there was a busy 8-week prograrnme of autumn ciicket at our indoor cricket centre and al King Edwards Schools with members and non-members all welcome lo sign up to develop their skills. This programme will be repeated in 2023. U19 Cricket In the autumn of 2022. a new 8-week U19's programme was also introduced to keep these young 8dulls interested and engaged with senior cricket al Ihe club. In 2023. a group of parent volunteers have come together lo provide wonderfLtI support lo this group. Page 8 BATH CRICKET CLUB TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 GROUNDS Our full-time professional grounds staff work extremely hard lo produce excellent playing and practice surfaces al North Parade and Brownsword. e continue lo invest in our grounds through the replacement of old and obsolete equipment. We are also supporting our groun¢Js staff through their Level 2 Groundsmanship NVQ via BridgwateF College. Two members of the grounds staff will visit Taunton on a Iiaining day visited Lords Cricket ground and spent time wrth the Head Groundsman as part of their professional development. Our partnership with King Edwards School in Bath enabled the club lo use their Balhampton site for training andlor matches when we reach capacity al North Parade and Brownsword. In the winter we use their indoor cricket facility. Our ground staff continued lo keep the outdoor nels available whenever possible during weekend fixtures to encourage famity engagement and inclusion in club life. IJIEMBERSHIP The number of playing member5 is limited by the club's ability to operate at its capacity of facilrties and services. The Club has a fee-paying membership which is concessionary for specific groups. for example, jLtniors, students in full time education, and fernale cricketers. 11 also has a hardship policy in place to ensure the opportunity to benefit is available to 811 potential players with beneficiaries being substantially subsidised from the surplus generated from trading activities. Senior and junior memberships for the 2022 playing season, represented in these financial results were increased to include winter training- previousty paid for separately by junior members. Fees now covered all matGhes, 5Utnmer and winleT Iraining f8cilities, summer coaching alld clijb membership. Junior membership and new senior memberships also included an additional compulsory sum for a Iraining and playing clothing bundle, provided at cost. The MC reviewed the memberships fees in 2023 and agreed no change to the base senior men and junior memberships. The fee for women's cricket was reduced to £150 (from £1901 lo compensate for c. 60% less fixtures. An additional £20 was added lo all senior memberships for a club polo shirt to be worn tolat the end of matches. A new category of membership- Bath Uni Train and Play" was created, to be offered at the discretion of the Cricket Director, to players likely lo only be available for training and matches for part of the season. A change was also made to the occo$ional player coneession- any senior player lover 161 that plays occasional games musl pay a £10 per game match fee once three games have been played and pur¢hase a playing shirt al cost. This does not provide access to summer or winler training facilities. COMMUNICATION Electronic communication remains the preferred method of communicating club information. The website now mirrors the sites of many professional county cricket clubs and social media channels include @bathcricket on Twitter, bathcrieket on Facebook, bathcricket on Instagram and theboundary@bcc on Instagram. Page 9 BATH CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW Tradin Subsidia BCSL The business success of key off-field supporting activities is essential to the enabling the club to achieve its charilable objectives. Financial performance is reviewed regularfy to ensure trade and seNices and other income sources, together wilh cosl savings, generate enough surplus lo meet cash generation need5 and stralegic investment aims. The principal activities of BCSL which help suppo¥t the Club achieve its charitable objectives are= a) lo operate Iwo public car parks,. and bl to provide hospitslity services lo members, supporters,, and visitors to Bath Cricket Club during the cricket season. and cl to offer conference and event space from September to March. The hospitality space is c811ed "The Boundary." The Club's main car park re-opened in October 2022, having been closed since January 2020. Whilst closed the compensation received from a developer to recognise the loss of revenue is accounled for in the Club's financial stalemenls. Parking income in the year was £93,951. The main car park which re-opened in October 22 accounted for £85,915 of this total - lower than in the same period before ils closure, due lo a combination of factors Including fewer daily commuters post covid. the car park being less visible, the clean air zone and a deterioration in the overall Balh shoppiny experience. In response, new electronic entrance signage has been installed and opportunities to promote the car patk aclioned. Additionally, the Club reached an agreement with Western Power to bring an additional electricity supply lo the car park lo enable all spaces to have EV charging capacity. The Boundary income was £140,882 Compared to £132,081 last year reflecting a full year of trading post COVID, however the environment continues lo be challenging for the hospitality sector. The profil for the year of £36,981 reduced the retained loss during covid and the cai park closure lo £96,622 which the directors are confident will be eliminated by the end of the 2024 FY. Bath Cricket Club The Devèlopment Project In October 2022 the final legal completion process took place which involved Curlew Alternative Tenth Property L.P granting a leasehold estate IUnderlea5el back to the club for the car park, new indooi cricket school and empty space above it - effectively retuming these assets lo the Club's owne15hip. The Club also paid Curfew for the new indoor Gricket centre - funds for which had already been received by the club from Gilllown Limited in 2020. Financial Summary The Total Consolidated Incoming Resources for the Club were £633.195 and Total Consolidated Resources Expended were £688,192 giving Net Outgoing Resources for the year of£54,997. This compares to Net Oulgoing Resources in 2022 of £71.589. The reason for the net outgoing of resources in 2023 was due to a combination of factors including lower over811 income from parking {aclual receipts vs compensationl and the despite the resources expended being £80.995 lower than in 2022 this w8SlI't enough lo compensate for the lower income. The principal reasons for Ihe nel outgoing of reSou￿e$ in 2022 were professional Page10 BATH CRICKET CLUB TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 fees the club incurred defending a fomier empkjyee grievance claim and accruing foi Ihe out of court selllernent reached and paid just after the financial year*nd. Without these one-off costs. the result would have been a small net incoming of resource. The operating surplus (before depreciation, loss on sale of fixed assets and bank ehargesl is £41.554 compared lo operating surplus of £30,477 in 2022. Trading Subsidiary Donation As noted earlier in this report there was no donation made to the club in 2023. Charitable Activities Expenditure was £456,830 compared with the prevtous year of £504.653 prirnartly due to a decrease in support costs of £35,503 reflecting a fall in the depreciation charge and the grievanee claim cosl incurred in 2022 and a decrease in cricket services costs of £18,504. The main direct costs of cricket services al £153,554 and coaching al £113,010 were the core costs associated with cricket practice and matches for the benefioi8ries, amount lo 58./0 of the total Charitable Activities Expendilure155Q/o in 20221. Raising Funds Expenditure was £231,362 compared lo £264,534 in 2022 primarily due to reduced costs associated with cricket events and toumamenls and good cosl control regarding suptX)rt Cost5. The return to near noTmal activity levels in The Boundary meant hospitality cost of sath rose iii line with the higher revenue. Capital Expenditure Capital expenditure during the period was £993,184. This included.. £874,274 for the underlease from Curlew for the car park and indoor cricket centre £11.582 in upgrading the scoreboard al North Parade £8.003 on Palisade fencing at back of the clubhouse adjacent to the railway bank and new gales for the Ferry Lane entry point. The Brownsword pavilion is shown as a short-lerm leasehold property which better represents the terms of the lease and depreciation policy adopted by the club. Cash Reserves The MC has a￿ayS placed a high priority on managing working capital which proved during covid. The MC has the power under the Articles of Association to make any investment il considers appropriate. The MC reserve5 policy is lo maintain current cash reserves of around one third of annual consolidated income, subject to any significant investment plans. Consolidated cash reserves were £1,446,142 down from £2,410,345 at the end of 2022 after just under £1 million will be used lo pay for the new indoor cricket centre in 2023. The unrestr￿ted ftsnds at the end of the year were £4,187.598 compared with £4,242,595 in 2022 and restricted funds were £nil. Cash Investment The Club opened an account with Flagslone, the UK'S leading cash deposit platform to lake advantage of increasing interest rates. Al the end of the financial year, the Club had invested just under £900.000 in a diversified portfolio of fixed interest investments and had aecrued interest of £14,132. Page 11 BATH CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Loans The club took advantage of the favourable rates and repayment terms of the Government Bounce Back loan scheme and secured the full £50,000 in February 2021. All repayments were m8de in full and on lime in 2023. FUTURE PLANS The significant windfall income generated by the student accommodation project brings with il increased responsibility and the MC is determined the maximise the benefits it will bring the club for existing. fofmer, and future members. As previously reported significant investments have already been made al the Brownsword ground in the form of a new clubhouse and the new indoor ciickel centre has been fitted lo a high standard. The 10-year leases with Network Rail for a parcel of land behind the clubhouse and the small space of land enabling access lo the clubhouse from Fery Lane has proved invaluable in providing complimentary parking space for players. The MC has obtained planning permission for change of use for the space above the indoor school lo create ￿venue generating options and has continued with the process of looking al options lo redevelop andlor extending the clubhouse and obtain the necessary planning permission. STATEMENT OF MC MEMBERS, RESPONSIBILITIES The MC Members (who are also directors of the club for the purpose5 Of ¢ornpany lawl are responsible for preparing their Annual Report and the financial slalemenls in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and appli¢able lawl. Company law requires the MC members lo prepare financial statements for each financial year. which give a true and fail view of the stale of affairs of the group and the Club and ol the incoming resources and application of resources. including the income and expendilvre, of the group for that period. In preparing these financial statements, the MC Members are required lo.. Select suitable accounting policies and then apply them consislently Observe the methods and principles in the Charities SORP Make judgernents and eslimales that are reasonable and prudent stale whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial stalemen*s Prepare the financial slalements on the going concern basis unless it is inappropriate to presume that the Club will conlinue in operation The MC Members are responsible for keeping adequate accounting records that disclose, with reasonable accuracy al any time, the financial position of the club and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe club and hence for taking reasonable steps forthe prevention and detection of fraud and other irregulaTlties. DISCLOSURE OF INFORMATION TO THE AUDITORS In so lar as the MC Members are aware, the￿ is no relevanl audit informalion of wh￿h the Club's auditor is unaware, and the MC Members have taken all steps that they ought lo have taken to make themselves aware of any ielevant audit information and lo establish Ihat the audrtor is aware of that information. Page 12 BATH CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 AUDITORS A resolution will be proposed al the Annual General Meeting that Bishop Fleming LLP be re-appointed as auditors for the ensuing year. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the small companies, regime under the Companies Act 2006. Sign M Hankins Chairman Page 13 BATH CRICKET CLUB INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BATH CRICKET CLUB OPINION We have audited the financial slalements of Bath Cricket Club Ilhe 'parent charitable cornpany'l and ils subsidiaries Ilhe 'group'i for the year ended 31 March 2023 which comprise the Consolidated Stalemenl of Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Slalement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their prepafalion is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Fin8ncial Reporb'ng Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Praelicel. In our opinion the financial stalernents.. give a true and fair view of the slate of the Group's and of the parent charitable company's affairs as at 31 March 2023 and of the Group's incoming resources and application of resources, including Ils inwme and expenditure for the year then ended., have been Pfopedy prepared in accordance wth United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance wilh the requirements of the Companies Act 2006 and the Charities Act2011. BASIS FOR OPINION Vve conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of Ihe Group in accordance with the ethical requirements that are rolevant to our audit of the financial statements in the United Kingdoni. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to Provide a basis for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing thè financial stalemenls, we have wncluded that the Tiuslees, use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or cond￿'0n$ that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to Gonlinue as a going concern for a period of al least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responslbilities of the Trustees with respect to going concern are described in the relevant seclitins of this report. OTHER INFORMATION The other information comprises the information included in the Annual Report other than the financial statements and our Auditors. Report Ihereon. The Trustees are responsible for the other inlomiation eonlained within the Annual Report. Our opinion on the financial slalemenls does not cover the other information and, except to the extent olheNise explicitly stated In our report, we do not express any fc)fm of assurance conclusion Ihereon. Our iesponsibilty is lo read the olhei information and, in doing so, Consider whether Ihe other information is materially Inconsistent with the Iinaneial statements or our knowledge obtained in the course of the audit, or otherwise appeafs lo be materially misstated. If we identty such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise lo a material misslalement in the financial ststements themselves. If, based on the work we have performed, we conclude that there 15 a material misstalemenl of this other information, we are required to ￿pOrt that fact We have nothing to report in this regard. Page 14 BATH CRICKET CLUB INDEPENDENT AUDITORS, REPORT TO THE MEM8ERS OF BATH CRICKET CLUB {CONTINUED) OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken in the ¢ourse of the audit.. the information given in the Trijslees. Report for the financial year for which the financial statements are prepared is consistent with the fi'nancial slalemenls. the Trustees. Report has been prepared in accordance with applicable legal requirements. mA￿ERs ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding of the charitable company and its environment obtained in the COUTse of the audit. we have not identified material misslalements in the Trustees, Report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us lo report lo you if. in our opinion". the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received flom branches not visited by us", or the parent charitable company fin8nci81 statements are not in agreement with the accounting records and retums., or certain disdosures of Trustees, remuneration specified by law are not made", or we have not received all the information and explanations we require for our audit", or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and lake advanlage of the small companies, exemptions in preparing the Trustees, Report and from the requirement lo prepare a Strategic Report. RESPONSIBILITIES OF TRUSTEES As explained more fully in the Trustees, Responsibilities Slalemenl, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of finanThal slalemenls that are free trom material misslatemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Tnjstees are responsible for assessing the Group's and the parent charitable Company's ability lo continue as a going eoncern, disclosing, as applieable, matters related lo going con￿r￿ and using the going concern basis of accounting unless the Trustee5 either intend to liquidate the Group or the parent charitable company or lo cease operab'ons, or have no realists'c allernalive bul to do so. Page 15 BATH CRICKET CLUB INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF BATH CRICKET CLU8 ICONTINUEDI AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objective5 are lo obtain reasonable assurance about whether the financial slalements 85 a whole are free from material misstslemenL whether due lo fraud or error, and to Issue an Auditors, Report that Includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will ahrfays delect a material misstatement when It exists. Misslalements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-CoM￿lanCO with laws and regulab"ons. We design procedures in line with our responsibilities, outlined above. lo detect material misslatemenls in respect of irr￿ularrties. including fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detailed klow.. We have considered the nature of the sector, control environment and financial perfomiance,. We have conside￿d the results of enquiries with management and members in relation lo their own idenlificalion and assessment of the risk of irregularities within the entity,. and We have reviewed the documentation of key processes and controls 2nd performed walkthroughs of transactions lo confirm that the systems are operating in line with documenlalion. we have considered the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial slalemenls and Potential indicators of fraud. As a result of these procedures, we have considered the opportunities and incèntives that may exist within the organisalion fDr Iraud and identified the highesl area of risk lo be in relation lo rèvenue recognition. with a particular risk in relation to year-end cut off. In common with all audits under ISAS IUKI we are also required lo perform specific procedures lo iespDnd lo the risk of management override. We have also obtained understanding of the legal and regulatory frameworks that the Group operates in, focusing on provisions of those laws and regulations Ihal had a direct effect on the determination of material amounts and disclosures in the financial staterrents, The key laws and regulations we considered in this context included the Charities Act 2011, Charity SORP 2019, FRS 102 and the terms and condition5 attaching lo material grants received by the Charity. In addition, we considered the provisions of other laws and regulation5 that do not have a d1￿ct effect on the financial statements but compliance with which may be fundamental lo thè Group's ability to operate or avoid a materi81 penalty. Our procedures lo respond lo risks identified included the following.. Reviewing the financial statement disclosures and lesling to supporting documentation lo assess Compliance with provisions of relevant laws and regulations described as havino a direct effect on the financial statements., Performing analytical procedures to Klenlify Ltnusual or unexpected relatvJnships that may indicate risks of maleiial misslalement due lo fraud, Reviewing board meeting minutes., Enquiring of management in ￿latiOn lo actual and potential claims or litigations., Performing detailed Iransaclional testing in relation to the recognition of revenue, ￿th a particulaf focus around yearond cul off,. and In addressing the risk of fraud through management override of controls. testing the appropriateness of journal enth.es and other adjustrnents. We also eommunicated identified laws and regulations and potential fraud risks lo all members of the engagement team and remained alert lo possible indicators of fraud or non