PROFESSIONAL CRICKETERS' TRUST LTD
Charity Registration No. 1120088 Company Registration No. 06249546 (England and Wales) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
PROFESSIONAL CRICKETERS' TRUST LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr G Davies Mr D K H Mitchell Mr M Trescothick MBE Mr D Ford Mr I Thomas Mr R K Lynch Mr J A R Harris
(Appointed 16 July 2020) (Appointed 25 February 2021)
Secretary Mr G Davies Charity number 1120088 Company number 06249546 Registered office Dyke Yaxley 1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA Independent examiner Dyke Yaxley Limited 1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA Bankers National Westminster Bank PO Box 414 38 Strand London WC2H 5JB
PROFESSIONAL CRICKETERS' TRUST LTD
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 18 |
PROFESSIONAL CRICKETERS' TRUST LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report and financial statements for the year ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note s to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 ) issued in October 2019."
Objectives and activities
The objects of the charity are to promote the relief of physical and mental illness and disability, addictions and hardship of both men and women who are involved or were formerly involved in the playing of cricket professionally in England and Wales (members of the Professional Cricketers’ Association) and their dependants who, for whatever reason, are in need of such relief.
To provide mental health education and addiction awareness for all past and present Professional Cricketers’ Association members; further, to create roles to educate and bring awareness of such matters to adults and children in the wider general public.
To advance education and personal development opportunities for all past and present members of the Professional Cricketers’ Association.
To promote physical education, health and the game of cricket generally to adults and children as a recreational sport.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees consider the objectives and activities of the charity are of a public benefit.
Grant making policy
All grant applications are subject to an assessment to ensure they meet the basic criteria for funding within the objectives of the Charity. Applicants must be prepared to provide such other information as the Trustees may reasonably require in order to assist them in their decision-making process. Grants will be considered by the Trustees at their meetings, with urgent applications considered as soon as possible.
Achievements and performance
Few careers carry so much uncertainty as that of a professional cricketer but thanks to the Professional Cricketers' Trust, past and present players have a vital support network which helps them to prepare for and readjust in the world beyond cricket.
During the year the Charity received donations of £116,766 (2019: £386,519) and income of £8,734 (2019: £8,526) from investments which, after the deduction of expenditure of £278,423 (2019: £404,468) and an increase of £23,142 (2019: £50,389) from the revaluation of investments , gave rise to a net deficit for the year of £129,781 (2018: surplus of £40,966). Total reserves as at 31 December 2020 were £594,039 (2019: £723,820).
Reserves
The Trustees are of the opinion that the resources they retain and anticipate receiving in the future will enable it to meet effectively the current and future requirements of the Charity.
Investment policy
The Trustees are authorised to invest the assets of the Charity in whatever way they believe to be in the interests of the Charity and its objectives.
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PROFESSIONAL CRICKETERS' TRUST LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Risk management
The Trustees have examined the major strategic, business and operational risks which the Charity faces and confirm that systems have been established to ensure the minimisation of those risks.
Covid-19
The outbreak of Covid – 19 and subsequent virus control resulted in the charity having to suspend many of its fundraising and promotional activities. As the general lockdown starts to be lifted, all such activities are being reviewed with the intention of reactivating all fundraising and promotional activities. The charity’s reserve policy is such that is has sufficient reserves, as well as expenditure control, to not present a going concern issue.
Future activities
The Board of Trustees regularly review fundraising to ascertain if the current fundraising model is sustainable and if it has potential for growth.
Structure, governance and management
Professional Cricketers' Trust Ltd is a company limited by guarantee governed by its Memorandum and Articles of Association dated 16 May 2007, as updated 30 December 2019. It is registered as a charity with the Charity Commission. The members agree to contribute £1 each in the event of the charity winding up.
On 29 August 2018 PCA Benevolent Fund Limited changed their name to Professional Cricketers’ Trust Ltd.
The following have served as Trustees of the charity since 1 January 20 20 : Mr G Davies
Mr D K H Mitchell Mr M Trescothick MBE Mr D Ford Mr I Thomas Mr A R Irish (Appointed 6 January 2020 and resigned 16 July 2020) Mr R K Lynch (Appointed 16 July 2020) Mr J A R Harris (Appointed 25 February 2021)
Appointment of trustees
New trustees are appointed by the existing trustees. The Articles of Association provides for minimum of 1 trustee and no maximum, unless determined by the company in a general meeting.
Long serving Trustees
Mr G Davies and Mr D Ford have been Trustees for the Trust for over 9 years.
Organisation
The Board of Trustees meet on a quarterly basis to receive reports from fundraisers, individual cases requiring support and to consider the management accounts. The overall strategy of the Charity is decided at these meetings.
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PROFESSIONAL CRICKETERS' TRUST LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Trustee induction and training
New trustees undergo a meeting to brief them on: their legal obligation under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Related Parties and co-operation with other organisations
None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior management of the charity with a related party must be disclosed to the full board of trustees.
The Trustees’ report has been approved by the Board of Trustees and is signed on their behalf by:
..............................
Mr G Davies
Trustee Dated: .........................
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PROFESSIONAL CRICKETERS' TRUST LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PROFESSIONAL CRICKETERS' TRUST LTD
I report to the charity trustees on my examination of the financial statements of Professional Cricketers' Trust Ltd (the charity) for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
The Trustees have engaged Dyke Yaxley, a firm of which I am a director, to provide financial administration services to the charity. I have considered the guidance contained in the FRC's Revised Ethical Standard and concluded that the provision of such services does not pose a threat to my integrity, objectivity and independence as an examiner, and does not impact on my ability to carry out this independent examination.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr I Walsh FCA Dyke Yaxley Limited
1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA
Dated: .........................
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PROFESSIONAL CRICKETERS' TRUST LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted Endowment TotalUnrestricted Endowment funds funds funds funds 2020 2020 2020 2019 2019 Notes £ £ £ £ £ Income from: Donations and legacies 2 116,766 - 116,766 386,519 - Investments 3 8,734 - 8,734 8,526 - Total income 125,500 - 125,500 395,045 - Expenditure on: Raising funds 4 11,759 - 11,759 114,164 - Charitable activities 5 266,664 - 266,664 290,304 - Total resources expended 278,423 - 278,423 404,468 - Net gains/(losses) on investments 9 - 23,142 23,142 - 50,389 Net (outgoing)/ incoming resources before transfers (152,923) 23,142 (129,781) (9,423) 50,389 Gross transfers between funds (7,695) 7,695 - - - Net movement in funds (160,618) 30,837 (129,781) (9,423) 50,389 Fund balances at 1 January 2020 314,364 409,456 723,820 323,787 359,067 Fund balances at 31 December 2020 153,746 440,293 594,039 314,364 409,456 |
Total 2019 £ 386,519 8,526 395,045 114,164 290,304 404,468 50,389 40,966 - 40,966 682,854 723,820 |
|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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PROFESSIONAL CRICKETERS' TRUST LTD
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| All income funds 2020 £ Gross income 125,500 Transfer to endowment funds (7,695) Total income in the reporting period 117,805 Total expenditure from income funds 278,423 Net expenditure for the year (160,618) |
2019 £ 395,045 - 395,045 404,468 (9,423) |
|---|---|
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PROFESSIONAL CRICKETERS' TRUST LTD
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Fixed assets Investments 10 Current assets Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities Capital funds Endowment funds-general General endowment funds Revaluation reserve 15 Income funds Unrestricted funds |
2020 £ 14,168 239,267 253,435 (99,689) 338,776 101,517 |
2019 £ £ 440,293 52,200 421,313 473,513 (162,973) 153,746 594,039 294,273 115,183 440,293 153,746 594,039 |
£ 413,280 310,540 723,820 409,456 314,364 723,820 |
|---|---|---|---|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on .........................
..............................
Mr G Davies Trustee
Company Registration No. 06249546
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
Charity information
Professional Cricketers' Trust Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Dyke Yaxley, 1 Brassey Road, Old Potts Way, Shrewsbury, Shropshire, SY3 7FA. The charity is a registered charity with the Charity Commission in England and Wales, number 1120088.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Prior period adjustment
The previous year’s endowment fund has been restated to show the split of the revaluation reserve on the foot of the balance sheet .
1.3 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.4 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.5 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.6 Expenditure
Resources expended are shown in the period in which they are incurred and include VAT which is not recoverable.
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
1.7 Fixed asset investments
Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recogni s ed in net income/ (expenditure) for the year . Transaction costs are expensed as incurred.
The charity does not acquire put options, derivatives or other complex financial instruments.
The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and the changes in sentiment concerning equities and within particular sectors or sub sectors.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.10 Legal status of the charity
The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
2 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2020 | 2019 | |
| £ | £ | |
| Donations and gifts | 111,766 | 386,519 |
| Legacies receivable | 5,000 | - |
| 116,766 | 386,519 |
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
3 Investments
| 4 5 |
UnrestrictedUnrestricted funds funds 2020 2019 £ £ Income from listed investments 8,732 8,526 Interest receivable 2 - 8,734 8,526 Raising funds UnrestrictedUnrestricted funds funds 2020 2019 £ £ Fundraising and publicity Staging fundraising events 2,353 98,152 Advertising 4,547 11,310 Fundraising and publicity 6,900 109,462 Investment management 4,859 4,702 11,759 114,164 Charitable activities 2020 2019 £ £ Grant funding of activities (see note 6) 222,577 224,256 Share of support costs (see note 7) 37,543 56,632 Share of governance costs (see note 7) 6,544 9,416 266,664 290,304 |
|---|---|
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
6 Grants payable
| Grants to institutions: Professional Cricketers' Association Grants to individuals Support costs Support costs Governance costs £ £ Consultancy 5,322 - Equipment rental 432 - General overheads 31,789 - Accountancy - 6,194 Trustees' expenses and meeting costs - 350 37,543 6,544 Analysed between Charitable activities 37,543 6,544 |
2020 £ 48,000 174,577 222,577 2020 £ 5,322 432 31,789 6,194 350 44,087 44,087 |
2019 £ 40,000 184,256 224,256 2019 £ 18,890 432 37,310 6,302 3,114 66,048 66,048 |
|---|---|---|
7 Support costs
Governance costs includes fees for accountancy services of which £2,594 (2019: £2,472) is for independent examination fees and the balance of fees is for the delivery of financial administration services by Dyke Yaxley.
8 Employees
During the year there were the following employees:
| Directors/ Trustees The directors/trustees were unpaid for the year (2019: Nil). |
2020 Number 7 |
2019 Number 8 |
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more.
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
9 Net gains/(losses) on investments
| Endowment | Endowment | |
|---|---|---|
| funds | funds | |
| general | general | |
| 2020 | 2019 | |
| £ | £ | |
| Revaluation of investments | 23,142 | 50,389 |
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
10 Fixed asset investments
| Listed investments Cash in portfolio £ Cost or valuation Market value at 1 January 2020 408,214 5,066 Additions at cost 67,163 (67,163) Valuation changes 23,141 - Management costs - (4,860) Investment income - 8,732 Disposal proceeds (59,739) 59,739 At 31 December 2020 438,779 1,514 Carrying amount At 31 December 2020 438,779 1,514 At 31 December 2019 408,214 5,066 11 Debtors 2020 Amounts falling due within one year: £ Trade debtors 10,827 Other debtors 3,341 14,168 12 Creditors: amounts falling due within one year |
Listed investments Cash in portfolio £ Cost or valuation Market value at 1 January 2020 408,214 5,066 Additions at cost 67,163 (67,163) Valuation changes 23,141 - Management costs - (4,860) Investment income - 8,732 Disposal proceeds (59,739) 59,739 At 31 December 2020 438,779 1,514 Carrying amount At 31 December 2020 438,779 1,514 At 31 December 2019 408,214 5,066 11 Debtors 2020 Amounts falling due within one year: £ Trade debtors 10,827 Other debtors 3,341 14,168 12 Creditors: amounts falling due within one year |
Listed investments Cash in portfolio £ Cost or valuation Market value at 1 January 2020 408,214 5,066 Additions at cost 67,163 (67,163) Valuation changes 23,141 - Management costs - (4,860) Investment income - 8,732 Disposal proceeds (59,739) 59,739 At 31 December 2020 438,779 1,514 Carrying amount At 31 December 2020 438,779 1,514 At 31 December 2019 408,214 5,066 11 Debtors 2020 Amounts falling due within one year: £ Trade debtors 10,827 Other debtors 3,341 14,168 12 Creditors: amounts falling due within one year |
Total £ 413,280 - 23,141 (4,860) 8,732 - 440,293 440,293 413,280 2019 £ 17,229 34,971 52,200 |
|---|---|---|---|
| Notes Deferred income 13 Trade creditors Other creditors Accruals |
2020 £ 27,463 77 30 72,119 99,689 |
2019 £ 38,150 23,259 36,068 65,496 162,973 |
| 2020 | 2019 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Deferred income | 13 | 27,463 | 38,150 |
| Trade creditors | 77 | 23,259 | |
| Other creditors | 30 | 36,068 | |
| Accruals | 72,119 | 65,496 | |
| 99,689 | 162,973 |
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
13 Deferred income
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Other deferred income | 27,463 | 38,150 |
Deferred income included in the accounts relates income for specific events to be held in future years.
14 Trustees' remuneration and benefits
There were no trustees’ remuneration or other benefits for the year ended 31 December 2020 (2019: £nil).
T wo trustees were reimbursed a total of £ 261 ( three trustees 2019: £1,779) in respect of travel expenses incurred in the performance of their duties as trustees.
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
15 Endowment funds
On the 13 November 2013 the Professional Cricketers Association Charity, charity registered number 286742, was removed from the Charity Commission register and all assets of the Professional Cricketers Association Charity were transferred to the Professional Cricketers' Trust Ltd. The endowment should remain intact for the ten years to 12 November 2023, but the income can be used without restriction for the charity’s general objectives. If within the ten year period any cricketer over the age of 55, or his dependents, require assistance and there is insufficient income to provide that assistance, then a distribution from capital will be allowed.
The previous year’s endowment fund has been restated to show the split of the revaluation reserve on the foot of the balance sheet.
| Balance at 1 January 2019 £ 359,067 359,067 |
Movement in funds Incoming resources Resources expended Transfers Revaluations gains and losses Balance at 1 January 2020 £ £ £ £ £ - - - 50,389 409,456 - - - 50,389 409,456 |
Movement in funds Incoming resources Resources expended Transfers Revaluations gains and losses Balance at 31 December 2020 £ £ £ £ £ - - 7,695 23,142 440,293 - - 7,695 23,142 440,293 |
|---|---|---|
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 16 Analysis of net assets between funds Unrestricted Funds Endowment funds 2020 2020 £ £ Fund balances at 31 December 2020 are represented by: Investments - 440,293 Current assets/ (liabilities) 153,746 - 153,746 440,293 |
TotalUnrestricted Funds Endowment funds 2020 2019 2019 £ £ £ 440,293 3,824 409,456 153,746 310,540 - 594,039 314,364 409,456 |
Total 2019 £ 413,280 310,540 723,820 |
|---|---|---|
17 Related party transactions
Transactions with related parties
During the year the charity received donations of £nil (2019: £9,350) from PCA Management Limited of which the following trustees are also directors:
Mr D Mitchell
Mr I Thomas
Mr R Lynch (appointed 27/02/2020)
Mr J Harris (appointed 30/09/2020)
Mr A Irish
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
17 Related party transactions (Continued)
The charity has purchased from PCA Management Limited during the financial year the following:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Event management salary contribution | 12,000 | 16,798 |
| Tickets and auctions prizes | - | 22,200 |
| Marketing | 3,600 | 10,980 |
| Golf day expenses | - | 182 |
| Staff travel expenses | - | 10 |
| PCA ambassador fees | 3, 138 | - |
The charity provides support for members of the Professional Cricketers’ Association, of which the following trustees are also officers:
Mr D Mitchell, Chairman (resigned 25/02/2021) Mr J Harris, Chairman (25/02/2021) Mr R Lynch, Chief Executive (appointed 16/07/2020) MR A Irish, Chief Executive (resigned 16/07/2020)
A grant of £48,000 (2019: £40,000) and costs recharged of £4,866 (2019: £nil) was paid to the Professional Cricketers' Association in the year.
During the year the charity purchased consultancy services of £5, 322 (2019: 18,890) from Mr D Graveney who is the charity’s president.
Mr G Davies, a Trustee, is also a consultant of Dyke Yaxley.
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PROFESSIONAL CRICKETERS' TRUST LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 17 | Related party transactions | (Continued) | |
|---|---|---|---|
| The following amounts were outstanding at the reporting end date: | |||
| Creditors | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Tom Maynard Trust Limited | - | 36,068 | |
| PCA Management Limited | - | 9,927 | |
| Professional Cricketers' Association | 30 | - | |
| The following amounts were outstanding at the reporting end date: | |||
| Debtors | |||
| 20 20 |
201 9 | ||
| £ | £ | ||
| Tom Maynard Trust Limited | - | 14 , 933 | |
| PCA Management Limited | - | 9,350 | |
| Professional Cricketers' Association | - | 28 |
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