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← Cricketers' Trust Limited

2023-12-31-accounts

CRICKETERS' TRUST LIMITED

Charity registration number 1120088

Company registration number 06249546 (England and Wales)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

CRICKETERS' TRUST LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr G Davies
Mr D Mitchell
Mr M Trescothick MBE
Mr D Ford
Mr I Thomas
Mr J Harris
Mr C Patel
Ms S Kent (Appointed 5 December 2023)
Secretary Mr G Davies
Charity number 1120088
Company number 06249546
Registered office 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

CRICKETERS' TRUST LIMITED

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Summary income and expenditure account 6
Balance sheet 7
Notes to the financial statements 8 - 19

CRICKETERS' TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in notes 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.

Public benefit

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

Significant activities and achievements against objectives

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. The work supporting members has continued throughout the year together with the continual development of the structures of the charity.

During the year, the Charity received donations and legacies of £404,694 (2022: £371,218) and income of £12,378 (2022: £9,658) from investments which, after the deduction of expenditure of £351,697 (2022: £332,479) and an increase of £23,849 (2022: decrease of £46,575) from the revaluation of investments, gave rise to a net surplus for the year of £89,224 (2022: surplus of £1,822). Total reserves as at 31 December 2023 were £905,403 (2022: £816,179).

Financial review

Reserves policy

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.

CRICKETERS' TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Major risks

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. The financial position of the Charity is robust, resources are sufficient to meet eventualities that may arise for the foreseeable future.

Plans for future periods

The Board of Trustees regularly review fundraising to ascertain that the current fundraising model is sustainable and that it has potential for growth. Innovation and any necessary changes will be put in place as decided by the trustees.

Structure, governance and management

Cricketers' Trust Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 17 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 Limited. On 13 August 2024, Professional Cricketers’ Trust Ltd changed their name to Cricketers’ Trust Limited.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr G Davies

Mr D Mitchell Mr M Trescothick MBE Mr D Ford Mr I Thomas Mr R Lynch (Resigned 15 July 2024) Mr J Harris Mr C Patel Ms S Kent (Appointed 5 December 2023)

Recruitment and 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

The following have been Trustees for the Trust for over 9 years; Mr G Davies (17 years) and Mr D Ford (16 years).

Organisational structure

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.

Induction and training of trustees

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.

Relationship with wider network

None of the 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.

CRICKETERS' TRUST LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Small company exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The Trustees’ report has been approved by the Board of Trustees and is signed on their behalf by:

..............................

Mr G Davies Trustee

30/09/2024 Date: .............................................

CRICKETERS' TRUST LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CRICKETERS' TRUST LIMITED

I report to the charity trustees on my examination of the financial statements of Cricketers' Trust Limited (the charity) for the year ended 31 December 2023 which are set out on pages 5 to 19.

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 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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants (ACCA) - UK, which is one of the listed bodies.

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:

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.

Audrey Williams FCCA

Dyke Yaxley Limited

1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA

30/09/2024 Dated: .........................

CRICKETERS' TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Endowment
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
2
404,694
-
Investments
3
12,378
-
Total income
417,072
-
Expenditure on:
Raising funds
4
84,595
-
Charitable activities
5
267,102
-
Total expenditure
351,697
-
Net gains/(losses) on
investments
11
-
23,849
Net income
65,375
23,849
Transfers between
funds
468,154
(468,154)
Net movement in
funds
8
533,529
(444,305)
Reconciliation of funds:
Fund balances at 1 January
2023
371,874
444,305
Fund balances at 31
December 2023
905,403
-		 Total
Unrestricted Endowment
funds
funds
2023
2022
2022
£
£
£
404,694
371,218
-
12,378
9,658
-
417,072
380,876
-
84,595
100,041
-
267,102
232,438
-
351,697
332,479
-
23,849
-
(46,575)
89,224
48,397
(46,575)
-
(4,222)
4,222
89,224
44,175
(42,353)
816,179
327,699
486,658
905,403
371,874
444,305		 Total
2022
£
371,218
9,658
380,876
100,041
232,438
332,479
(46,575)
1,822
-
1,822
814,357
816,179

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CRICKETERS' TRUST LIMITED

SUMMARY INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

All income funds
2023
£
Gross income
417,072
Transfer from/(to) endowment funds
468,154
Total income in the reporting period
885,226
Total expenditure from income funds
351,697
Net income for the year
533,529		 2022
£
380,876
(4,222)
376,654
332,479
44,175

CRICKETERS' TRUST LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023

2023
Notes
£
Fixed assets
Investments
13
Current assets
Debtors
14
25,947
Cash at bank and in hand
538,299
564,246
Creditors: amounts falling due within
one year
15
(133,968)
Net current assets
Total assets less current liabilities
Net assets excluding pension liability
The funds of the charity
Endowment funds
17
Unrestricted funds		 £
475,125
430,278
905,403
905,403
-
905,403
905,403		 2022
£
36,564
429,360
465,924
(94,050)		 £
444,305
371,874
816,179
816,179
444,305
371,874
816,179

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 2023.

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.

30/09/2024

The financial statements were approved by the trustees on .........................

..............................

Mr G Davies

Trustee

Company registration number 06249546 (England and Wales)

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Cricketers' Trust Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 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 amounts 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 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.

1.3 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.

1.4 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.

1.5 Expenditure

Resources expended are shown in the period in which they are incurred and include VAT which is not recoverable.

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.6 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 recognised 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.

1.7 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.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

1.11 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 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 404,694 371,218

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3 Income from investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Income from listed investments 12,378 9,658

4 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Fundraising consultancy 4,896 34,187
Fundraising fees 6,359 6,823
Staging fundraising events 68,619 47,876
Advertising (685) 5,718
79,189 94,604
Investment management 5,406 5,437
Total costs 84,595 100,041

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

5 Expenditure on charitable activities

Charitable Charitable
activities activities
2023 2022
£ £
Direct costs
Delivery of a service 108,097 109,250
Events and courses 5,958 4,989
Consultancy 6,592 10,181
120,647 124,420
Grant funding of activities (see note 6) 131,875 93,045
Share of support and governance costs (see note 7)
Support 2,827 1,234
Governance 11,753 13,739
267,102 232,438
Analysis by fund
Unrestricted funds 267,102 232,438

6 Grants payable

Grants to institutions:
Professional Cricketers' Association
Grants to individuals		 2023
£
47,500
84,375
131,875		 2022
£
40,000
53,045
93,045

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

7 Support costs allocated to activities

Charitable
activities
2023
£
Equipment Rental
(108)
General Overheads
2,935
Governance
11,753
14,580
2023
Governance costs comprise:
£
Independent examination fees
1,167
Accountancy
7,123
Trustees' expenses and meeting costs
3,463
11,753		 Total
2022
£
432
802
13,739
14,973
2022
£
1,080
7,510
5,149
13,739

Governance costs includes fees for accountancy services of £8,300 (2022: £8,650) of which £1,167 (2022: £1,080) is for independent examination fees and the balance of fees is for the delivery of accounts preparation, financial administration and consultancy services by Dyke Yaxley.

8 Net movement in funds 2023 2022
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 1,167 1,080

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Two trustees were reimbursed a total of £1,614 (three trustees 2022: £1,101) in respect of travel expenses incurred in the performance of their duties as trustees.

During the year the charity received donations from one trustee, without conditions, totalling £1,600 (2022: £1,850).

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

10 Employees

During the year there were the following employees:

During the year there were the following employees:
2023 2022
Number Number
Directors/ Trustees 9 7

There were no employees whose annual remuneration was more than £60,000.

11 Gains and losses on investments

Endowment Endowment
funds funds
2023 2022
Gains/(losses) arising on: £ £
Revaluation of investments 23,849 (46,575)

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 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

13 Fixed asset investments

Listed
investments
Cash in
portfolio
£
Cost or valuation
At 1 January 2023
440,699
3,606
Additions
83,518
690
Valuation changes
22,043
-
Disposals
(75,431)
-
At 31 December 2023
470,829
4,296
Carrying amount
At 31 December 2023
470,829
4,296
At 31 December 2022
440,699
3,606
14
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
9,542
Other debtors
16,405
25,947
15
Creditors: amounts falling due within one year
2023
Notes
£
Deferred income
16
29,257
Trade creditors
36,529
Other creditors
608
Accruals
67,574
133,968
16
Deferred income
2023
£
Other deferred income
29,257		 Total
£
444,305
84,208
22,043
(75,431)
475,125
475,125
444,305
2022
£
15,825
20,739
36,564
2022
£
-
145
23,550
70,355
94,050
2022
£
-

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

16
Deferred income
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 January 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 December 2023		 (Continued)
2023
2022
£
£
29,257
-
-
42,502
-
(42,502)
29,257
-
29,257
-

Deferred income included in the accounts relates to income for specific events to be held in future years.

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

17 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 Cricketers' Trust Limited (formerly 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.

During the year, the ten year period came to an end and consequently the fund has been transferred to unrestricted funds.

Balance at
1 January 2022
r
£
486,658
486,658		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
1 January 2023
r
£
£
£
£
£
-
-
4,222
(46,575)
444,305
-
-
4,222
(46,575)
444,305		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
31 December
2023
£
£
£
£
£
-
-
(468,154)
23,849
-
-
-
(468,154)
23,849
-		 Movement in funds
Incoming
esources
Resources
expended
Transfers
Gains and
losses
Balance at
31 December
2023
£
£
£
£
£
-
-
(468,154)
23,849
-
-
-
(468,154)
23,849
-
-

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
General funds		 January
2023
Incoming
resources
Resources
expended
Transfers
At 31
December
2023
£
£
£
£
£
371,874
417,072
(351,697)
468,154
905,403
January
2022
Incoming
resources
Resources
expended
Transfers
At 31
December
2022
£
£
£
£
£
327,699
380,876
(332,479)
(4,222)
371,874

19 Analysis of net assets between funds

Unrestricted
Endowment
funds
funds
2023
2023
£
£
At 31 December 2023:
Investments
475,125
-
Current assets/(liabilities)
430,278
-
905,403
-
Unrestricted
Endowment
funds
funds
2022
2022
£
£
At 31 December 2022:
Investments
-
444,305
Current assets/(liabilities)
371,874
-
371,874
444,305		 Total
2023
£
475,125
430,278
905,403
Total
2022
£
444,305
371,874
816,179

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

20 Related party transactions

Transactions with related parties

Sale of goods Purchase of goods Purchase of goods
2023 2022 2023 2022
£ £ £ £
Professional Cricketers' Association - - 1,100 3,489
PCA Events Limited - - - 7,138
PCA Management Limited - - 25,331 51,124
- - 26,431 61,751
Donations received Grants paid
2023 2022 2023 2022
£ £ £ £
Professional Cricketers' Association 120 348 47,500 40,000
PCA Events Limited - 1,743 - -
PCA Management Limited 45,026 1,059 - -
45,146 3,150 47,500 40,000

During the year, donations received from Professional Cricketers' Association £120 (2022: £348) and PCA Management Limited £26 (2022: £1,059) relate to amounts received by these two organisations on behalf of Professional Cricketers' Trust.

During the year, a donation of £9,000 (2022: £Nil) was received from The Tom Maynard Trust, of which Ian Thomas is a trustee.

Amounts owed to related
parties
2023 2022
£ £
Professional Cricketers' Association 633 3,091
PCA Management Limited - 20,458
633 23,549

CRICKETERS' TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

20 Related party transactions

(Continued)

Amounts owed by related
parties
2023 2022
£ £
PCA Management Limited 25 -
25 -

During the year, and up to the date of signature, the following trustees are also directors of PCA Management Limited:

Mr R Lynch (Resigned 15 July 2024) Mr J Harris Mr D Mitchell (Appointed 15 July 2024)

During the year the following trustees are also directors of PCA Events Limited: Mr R Lynch (Resigned 15 July 2024) Mr I Thomas

The charity provides support for members of the Professional Cricketers’ Association, of which the following trustees were officers during the year:

Mr J Harris, Chairman Mr R Lynch, Chief Executive (Resigned 15 July 2024) Mr D Mitchell, Interim Chief Executive (Appointed 15 July 2024)

During the year the charity purchased consultancy services of £6,592 (2022: £10,181) from Mr D Graveney who is the charity’s president.

Mr G Davies, a Trustee, is also a consultant of Dyke Yaxley. During the year the charity purchased accountancy and independent examination £3,500 (2022: £3,250), financial administration of £3,600 (2022: £3,600) and consultancy services of £1,200 (2022: £1,800).

Mon, 30 Sep 2024 14:35:31 GMT

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Date Activity Mon, 30 Sep 2024 15:53:38 GMT Audrey Williams Approved the document Mon, 30 Sep 2024 15:51:27 GMT Geoff Davies Approved the document Mon, 30 Sep 2024 14:38:34 GMT Document Sent

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