## **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.
- 1 -
## **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.
- 2 -
## **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: .........................
- 3 -
## **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
- 2 the financial statements do not accord with those records; or
- 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
- 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: .........................
- 4 -
## **PROFESSIONAL CRICKETERS' TRUST LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**Unrestricted Endowment**
**Total**Unrestricted 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.
- 5 -
## **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)|
|---|---|
- 6 -
## **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**
- 7 -
**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.
- 8 -
**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|
- 9 -
## **PROFESSIONAL CRICKETERS' TRUST LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **3 Investments**
|**4**
**5**|**Unrestricted**Unrestricted
**funds**
funds
**2020**
2019
**£**
£
Income from listed investments
8,732
8,526
Interest receivable
2
-
8,734
8,526
**Raising funds**
**Unrestricted**Unrestricted
**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|
|---|---|
- 10 -
**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.
- 11 -
## **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.
- 12 -
**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|
- 13 -
## **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.
- 14 -
## **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|
|---|---|---|
- 15 -
## **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|**Total**Unrestricted
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
- 16 -
**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.
- 17 -
## **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|
- 18 -
**Document Activity Report**
**Document Sent** Thu, 30 Sep 2021 14:00:02 GMT **Document Approval Status** Approved **Approval Activity Summary** Geoff Davies Approved Thu, 30 Sep 2021 14:07:39 GMT
## **Document Activity History**
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## **Date**
## **Activity**
Thu, 30 Sep 2021 15:07:28 GMT Geoff Davies Approved the document Thu, 30 Sep 2021 15:06:06 GMT Geoff Davies viewed the document Thu, 30 Sep 2021 14:02:07 GMT Document Sent
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