2020-12-31-accounts

									Page
Charity information
Trustees' report (including Strategic	Report)
Trustees' responsibilities statement
Independent auditor's report
Consolidated statement offinancial	activities		(including		income	&expenditure		account)	9
Charity statement offinancial activities		(including		income &expenditure			account)		10
Balance sheets
Consolildated statement ofcash flows									12
Notes to the financial statements									13

Lancashire Cricket Foundation Limiled
Trustees' Report (cont'd)
Our actlvgies and achievements (cont'd)
Growing Cricket In Our Leagues &Clubs (cont'd):
Support provided to local Clubs &Leagues to source funding in excess of22.69M to help them through COVID-19				disruption				and
other requirements such as flooding;
90 newly qualified Foundation I coaches throughout Lancashire;
356 participants taking part in the Afi Stars Cricket programme across 54 recreational club-based	centres;
1,406 individual players from recreational cricket clubs now finked up vxth Lancashire Line and earning funds			to support				their
club,
Clma 231,000donated back to recreational cricket clubs through the Lancashire Line Lottery to support club			development.
Inspiring Our Comunlties Through Cricket:
193participants engaged through tha Lord's Tsverners funded Wickelz project across 3Huis in	the city ofManchester,						Salford and
Tralfortl, with a total of1,664 attendances;
21 lifestyle workshops delivered to Wlcketz participants, using cncket to help address social issues young		people face				in their
communities;
55sessions with 636atlendances of107unique participants from 7schools engaged in the Girls	Wfihout	Boundaries				programme,
designed to build selfmonfidence and self'-esteem in disengaged young women;
1 GWB Compefition held at EOT forsf 7 schools; 15virtual sessions wfih 54 attendances of9partiwpants;
6 Hub silas with 367atlendances and 53taster sessions delwered with 554attendances plus 128attendances through sessions ofthe Lord's Taverners funded Super I's programme;							virtual
The Super 9's disability sids received indoor training sessions at start ofthe year but no competitive matches 14teachers fiom 2 SEN schools received training In Table Cricket and 4schools provided with equipment to			were able totake enable activity to						place;
continue;
2 community Table Cricket hubs maintained, with 15regular attendees;
350young people and adufis fiom targeted communitiss benefitted from improved informal cricket provision			across the				city of
Manchester through the Care Cities programme;
- 198unique participants engaged in the Core Cities Indoor Cricket League;
- 2Tcoaches and umpires trained and given ongoing support through the Core Cities programme;
- 51 young people from Salford and Tmgord completed one ofour National Crbzen Service (NCS)	programmes,		a youth				empowerment
programme focused on social integrafion, community snd youth devekrpment, and emboldening	young people to make						a positive
dBsrsnce in the world they live;
NCS young people gave back over 1,100hours to their local communaes through a range ofsocial action		protects;
3young people aged 17-19qualified as an ECBLevel 1 coaches, and one aged 21-24 qualged as an ECBLevel 2coach, through
our Lord's Tavernsrs Wicketz programme,
5 young coaches aged 17-24volunteered a total ofmors than 100hours to Wicketz;
- 6Sporting Memories sessions delivered with 65attendances, and 84 virtual sessions with 1,344	attendances;
18Lanky's Arts Classes, a creative arts, crafts, music and dance Nasa for 0-5year olds hsd 135afiendances			(95from				Trafford) vrith
17new participants;
In excess of8,000 individuals supporting our work to 'Inspire Communities Through Cncket' through the Lancashire					Line, Fnends
ofthe Foundation and other Lottery events and draws.
Any funding grants issued by the Foundation are managed through an applicabon process, authorised by the Board ofDirectors					and only				fund		activity that
directly relates to the Objects and Aims ofthe chanty. Afi other funds generated directly support the delivery	ofFoundafion activriies and/or									are		distributed
to organisabons as a part ofa pre agreed fundraising inika&ie
The Foundabon will continue to deliver many ofthe activBes listed above and will only develop and implement new		activities		where they					directly relate to
the Objects and Aims ofthe charity.
Fundralsing
The Foundafion generated 224,570(2019:652,939)from fundraising activBes in 2020.
Afi funding received / raised is utilised to employ staff to develop and deliver projects, programmes and	events	that directly					impact		on the following
Strategic Aims ofthe organisation:
-provide increased opportunibes for 'MORE pLAY - Delivering a diverse range of high quality accessible pmjects, programmss							and events				that provide
increased opportunities for everyone to play the game; inspirin the next generation ofplayers acmss the North West;
- Support the development of 'GREAT TEAMS' - Providing the infrastructure support necessary to ensure	a sustainable and				successful					club		& hague
network is in place across the North West;
-Create 'INSPIRED FANS' -Using the power ofLancashire Cricket to provide familhs & individuals from across the		North West with positive									inspirational
cricketing expenences; and
-Address local 'COMMUNITY NEED' - Delivering high quafily intervenfions that address identifie community	need; ensuring Lancashire							Cricket				becomes
an important, central hub for the communily.
Structure, governance and management
The Trvstees who have served during the year and since the year end are set out on page 1.
The Trustees meet at least six times per year and on any other occasion as judged necessary in order to review		pmgress			and determine							magers of
strategy &policy
Every decision ofthe Trustees shall be determined by the majorily ofvotes ofthe Trustees present and vofing on the quesbon.					There shall					be		a quorum
when two Trustees are present at any meeting.
Afi Trustees serve a three year term fofiowlng which they can seek re-appointment. Ths existing Trustees	have the		power	to		appoint			further			Trustees
pnivided they have attained the age ofeighteen years and are not disqualried from taking office. The Trustees are		not actively					recruibng			at	present but
have measures in place to consider potential applicants as they might arise.
New Trustees undergo some training to brief them on their legal obligabons under charity and company law,	the content		ofthe		Memorandum						and Articles
of Association, the committee and decision making processes of the Foundabon, Ihe business plan and	recent financial			performance						of	the chanty.
Trustees ara encouraged to attend appropnate external training events where these wfil facfiilate the undertaking oftheir			role.
The operational management ofthe charity is shared between the Head of Community Growth and Head ofCricket		Relaaonships. performance ofboth
these positions and the charily fiself sm reviewed at afi Foundation Board meebngs and any decisions on remuneration the Trustees.			ofsf stalf				members			are		ratified by

Lancashire Cricket Foundaffon Limited
Trustees' Report (cont'd)
Structure, governance and management (Cont'd)
As detailed in Note 13to the financial statements, the Charity has three related parties, Lancashire County Cricket Club, Lancashire Couniy Cricket	Club
Development Association, for which the Charity is the sole member, and LCCC Trust Trading Limited, the Charily's trading subsidiary.
Financial review
Despite ths dramatic impact ofthe global pandemic which led to ths need for a major restructuring of the Foundation's workforce, leading to redundancy costs totalling f133,344, a small surplus ofF26,670 was generated in the year which represented a significant improvement on the prior year defimt of
E363,365
The Foundation was unable to carry out much of its activities and was forced to place most of its staff on furlough, thus taking advantage of the
government's employment support scheme to help retain most of its staff The lost revenues were largely offset by srgnrficant cost reductions,	with
programme delivery expenditure significantly curtailed. The restructuring and signiticant cost cuNng regime put in place has been cerned forward	into
2021 and projeckons demonstrate that the charity will move back Inta posiTive reseniss temlory by 2022. Whilst uncertainty surrounding the impact of
Covid-19 continues, the closing bank balance off248,907, the continuing support of Lancashire County Cncket Club and the posBve operating	cash
fiows expected in 2021,afi indicate that the underlying hnancial resources ofthe foundation remain relatively healthy.
During the year, the Foundation received donations amounbng to E1,265,920(2019:E1,196,649) In addition, the Foundabon received gift aid income of E2992(2019:0805),event income ofE24570(2019:E27902)and grant income of6420 342 (2019ENIL) from the government coronavirus job retention scheme. Including donafions this contributed towards total income ofE1,739,728 (2019:E1,356,625).
The Foundation has incurred expenses in relation to charitable activities during the course ofthe year relating to donafions of FNIL (2019:ENIL), payroll costs F1,392,027(2019:E1,249,096)and other charitable costs f252,097(2019:5399,431).
The Group generated a net proS in ihe year ofE26,370(2019' deficit of6363,365)after consolidating ils 100%subsidiary, LCCC Trust Trading LimNed,
which generated a net surplus ofFNIL (2019:E3,194).
The Trustees remain confident that the Foundation can continue to operate for at least the next bvelve months. Financial protections have been prepared
using largely guaranteed revenues and without raflecbng the benefil ofany continuing government support schemes, and with costs stfil based on a full year ofactivity; therefore wfih bufit in confingency should the pandemic continue well into 2021.These forecasts and resufiing positive operatfng cashfiows
will result in the Foundation returning to positive general reserves during 2022. Flnafiy, the main creditor and key strategic partner, Lancashire County
Cricket Club, have re-affirmed their support and wfil only require settlement ofany debtors due from the Foundakon during the next twelve months, as and
when itcan be afforded.
Reserves
The Foundafion seeks to retain a general reserve to provide sufficient resources to ensure that the level of expenditure, both charitable spend	and
overheads, expected in the next 12 months (ass minimum), is covered. It is clear that during 2019,reserves fell below the targeted levels and smce	then
the impact ofCovkl-19 has fimiled the extent to which the Trustees have been able to take action to successfully clear the deficit and re-build reserves
As discussed above, the Trustees are continuing to proactivsly address this issue and are confident that cash flows for the next twelve months will be
sufficient to support the charity. The current reserves deficit Is projected to be cleared by the 31 December 2021 year end wfih reserves then to be	buifi
back up again during 2022.
Grants
The Charily only distributes grants as directed by the England and Wales Cricket Board (ECB)for specific programmes designed to support cricket	club
development and cricket club improvement work. The funding amounts are fixed by the ECB,the Foundation monitors the performance ofa club against
any grant allocated. Afi funding distributed in this way contributes to the strategic aim to 'Support the development of 'Great Teams', pmviding	the
infrastructure support necessary to ensure a sustainable and successful club 8league network is in place across the Norih West.
Future Plans
The development ofthe new Lancashire Cncket Foundabon strategy and staff structure lays out the organisation's focus/diredion oftravel aligned to the
ECBCPA pmcess for the next 4 years, The Foundafion wifi work through the strategy and structure to develop and deliver projects, programmes, events
that engage, excfie, inspire and impmve individuals and communities through cricket In order to grow the appeal ofthe game at afi levels.
Risk management
The Trustees have reviewed the major nsks to which the Foundabon is exposed (listed below) and this topic is regularly discussed atTrustees' meebngs.
Financial Susfeinabilily:
The Foundation Board scrubnises financial perfonnance at afi Board meetings. The financial management accounts are prepared with support fiom the
LCCC Accounts Department. Visibfifiy of future funding streams is critica to the continuation ofths Foundation's acbvrbes and maintaining its staffing
resources. 1he Board focus heavily on ensuring the delivery ofprojects is commensurate wfih funding received.
Financial Claims:
The LCCC Foundabon has appropriate insurance cover in place as well as up to date policies and procedures in relation to operational delivery and	the
protection ofchildren and vulnerable adults.
Skills Gap:
In order to elfscfivsly deliver its objectives 4has been identilied that the new Foundabon Board will need to appoint addBonal expertise; in particular	non-
executive director roles that will represent key ECB and Foundation agendas including women and girls, education and diveme communBes.	The
appointment ofthese new rules will be driven by the Foundation Boarri and will support the strategic decision making of the organisation as well as
providing operational intelligence, and guidance for the Foundafion staff.
Auditor
The Trustees at the date ofapproval ofthis repori confirm that
- Sofar as Ihe Trustees are aware, there is no relevant audit informafion ofwhich the Foundafion's auditor is unaware; and
- The Trustees have taken afi the steps that they ought to have taken as Trustees in order to make themselves aware ofany relevant
audil information and to establish that the Foundafmn's auditor is aware ofthat informabon.
This confirmation is given and should be interpreted in accordance with the pmvisions ofS418ofthe Companies Act 2006 Hurst Accountants Limited
Approved by the @Trees and signed oftheir behalf by:

					Unrestricted	Restriicted	Total Funds for	Total Funds for
					Funds	Funds	the year	the year
				Notes	2020	2020	2020	2019
					6	6	6	6
INCOME FROM:
Charitable activities
Donations and legacies					311,729	957,183	1,268,912	1,194,260
Other trading activities
Fundraising events (Lancashire			Cricket Foundation)		24,570		24,570	52,939
Trading income (LCCC Trust		Trading)						3,254
Investments
Investment income
Government Grant income					420,342		420,342
Other income					25,904		25,904	106,232
TOTAL INCOME					782,545	957,183	1,739,728	1,356,685
EXPENDITURE ON:
Charitable activities					(687,779)	(957,183)	(1,644,962)	(1,649,404)
Raising Funds					(68,396)		(68,396)	(70,586)
Trading Costs (LCCC Trust Trading)								(60)
TOTAL EXPENDITURE					(756,175)	(957,183)	(1,713,358)	(1,720,050)
Net expenditure for	the year				26,370		26,370	(363,365)
Tax
NET MOVEMENT IN	FUNDS				26,370		26,370	363365
RECONCILIATION OF FUNDS
Total (deficit) / funds	brought	forward			(197,124)		(197,124)	166,241
Net movement in funds for the			year		26,370		26,370	(363,365)
Total deficit carried	forward				170754

				Unrestricted	Restricted	Total Funds for	Total Funds for the
				Fulids	Funds	the year	year
			Notes	2020	2020	2020	2019
				8	8	8	8
INCOME FROM:
Charitable activities
Donations and legacies			4	311,729	957,183	1,268,912	1,197,454
Investments
Fundraising events				24,570		24,570	52,939
Investment income
Government Grant	income			420,342		420,342
Other income				25,904		25,904	106,232
TOTAL INCOME				782,545	957,183	1,739,728	1,356,625
EXPENDITURE ON:
Charitable activities				(687,779)	(957,183)	(1,644,962)	(1,649,404)
Raising Funds				(68,396)		(68,396)	(70,586)
TOTAL EXPENDITURE				(756,175)	(957,183)	(1,713,358)	(1,719,990)
Net expenditure for the year				26,370		26,370	(363,365)
NET MOVEMENT	IN FUNDS			~26370		26,370	363,365
RECONCILIATION	OF FUNDS
Total (deficit) / funds brought		forward		(197,124)		(197,124)	166,241
Net movement in funds for the year				26,370		26,370	(363,365)
Total deficit carried forward				170,754		170,754	197124

Balance she	ets as at 31	December 2020
					Group		Chadity
			Notes	2020 f		2019 f	2020 f	2019 f
Fixed Assets & Equipment
Investments							1	1
Tangible Assets				16,971		20,041	16,971	20,041
				16,971		20,041	16,972	20,042
Current assets
Debtors			10	149,635		182,737	149,635	185,931
Cash at bank	and in hand			248,907		149,349	248,907	149,349
				398,542		332,086	398,542	335,280
Creditors
Amounts falling due within one year			11	(586,267)		(549,251)	(586,268)	(552,446)
Net current	liabilities			(187,725)		(217,165)	(187,726)	(217,166)
Total assets	less current	liabilities						197124
Funds			12
Unrestricted	funds			(170,754)		(197,124)	(170,754)	(197,124)
Restricted funds
Total funds						~122 2

							Total	Total
							funds	funds
							2020	2019
							5	8
Net cash provided	by/ (used		in) operating		activities		102517	(74502)
Investing activities
Payments to acquire	tangible	fixed assets					(2,959)	(6,727)
Net cash flow from	investing		activities				(2,959)	(6,727)
Financing activities:
Interest received
Net cash flow from	financing		activities
Net increase / (decrease) in		cash and cash equivalents					99,558	(81,229)
Cash and cash equivalents		at beginning ofyear					149,349	230,576
Cash and cash equivalents		at the		end ofthe year			248,907	149,349
Reconciliation of net surplus			/ (deficit) to net cash from operating			activities
							2020	2019
							6	8
Net surplus / (deficit) for the reporting				period			26,370	(363,365)
Adjustments for:
Depreciation charge							6,030	5,066
Decrease in debtors							33,102	81,791
Increase in creditors							37,015	202,006
Net cash provided	by/ (used		in) operating		activities		102517	74502

Analysis ofexpenditur	Analysis ofexpenditur	Analysis ofexpenditur	e on charita	e on charita	ble activi	ble activi	tie	s
Analysis ofexpenditure			on charaable		activities		by	fund.
								Unrestricted	Restricted	Total Funds	Unrestdicted	Restricted	Total Funds
								Funds	Funds	forthe year	Furlds	Funds	for the year
								2020 8	2020f	2020 E	2019 6	2019f	2019f
Payroll (see note 6)								574,213	817,814	1,392,027	591,838	657,258	1,249,096
Other charitable	costs							112,728	139,369	252,097	293,371	106,000	399,431
Governance costs - Audit Fee								5DO		500	5DO		500
Bank Charges								338		338	377		377
Total Charitable	Expendaure							687,779	057,183	1,644,962	886,086	763,318	1,649.4D4
Rasing Funds								68,396		68,396	70,586		70,586
Total Expenditure								756,175	957,183	1,713,358	956,672	763,318	1,719,990
Analysis ofexpenditure			on charitable		activaiss		by	activity.
									Activities	Grant
									undsnaksn	funding of	Support
									directly	activities	Costs	Total	Total
									2020f	2020f	2020 6	2020 9	2019
Chance 2 Shine										33,505		33,505	100.112
NCS										2.585		2,585	2,503
Wicketz										5,407		5,407	12,555
core city										638		038	15,102
GWB													7,342
W&G										14,127		14,127	23,691
Disability Cricket										3,0D7		3,007	13,937
Ag Stars													10,503
Alexandra Pitch	maintenace								10,00D			10,000	10,000
Education and Training									182,828			182,828	203,687
Payroll									309,084	817,014	265,120	1,392,027	1.249,096
Governance costs - Audit Fee										500		500	500
Bank Charges										338		338	377
Total Chaiitable	Expenditure								501.912	877,921	265,129	1 644962	1 640404
Raisiiig Funds									68,396			68,396	70,580
Total Expenditure									570,3DB	877,921	265,129	1,713,358	1,719,990
Analysis ofstaff costs, Trustee remuneration								and expenses
The average mcrahly		number ofemployees				was
												2020	2019
												No.	No.
Raising Funds												2	2
Charaable Activities												44	54
Support												8	7
												54	63
Their aggregate	remururation			comprised
												2020	2019f
Wages and satanas												1,272,638	1,139,140
Social security costs												118,026	102,732
Pension costs												65,006	61,405
												1,455,750	1,303,277

Comparative consogdate	d statement offinancial activities
		Unrestricted	Restricted	Total Funds
		Funds	Furlds	for the year
		2019	2019	2019
		5	8	8
INCOISE FROM:
Charitabfe activities
Donatiors and legacies		430,942	763,318	1,194,260
Other trading activities
Fundraising events (Lancashire Cnckel Foundation)		52,939		52,939
Trading Income (LCCC Trust Trading)		3,254		3,254
Other income		106,232		106,232
TOTAL INCOME		593,367	763,318	1,356,685
EXPENDITURE ON:
Charitable activities		(886,086)	(763,318)	(1,649,404)
Raising Funds		(70,586)		(70,586)
Trading Costs		(60)		(60)
TOTAL EXPENDITURE		(956,732)	(763,318)	(1,720,050)
Net income/(expenditure)	for the year	(363,365)		(363,365)
Tsx
NET MOVEMENT IN FUNDS				363,365
RECONCILIATION OF FUNDS
Total funds brought forward		166,241		166,241
Net movemenl in funds for	Ihe year	(363,365)		(363.365)
Total funds carried forward		197,124		197 'I24
Comparative charity statement offinancial activities
		Unrestlcted	Restricted	Total Funds
		Funds	Funds	forthe year
		2019	2019	2019
		2	2	8
INCOME FROM:
Charitable activities
Dormlions and legames		434,136	763,318	1,197,454
Other Trading Activities
Fundraismg events		52,939		52,939
Other income		106,232		106,232
TOTAL INCOME		593,307	763,318	1,356,625
EXPENDITURE ON:
Charitable activgies		(886,086)	(763.329)	(1,649,404)
Raising Funds		(70,586)		(70,586)
TOTAL EXPENDITURE		(?I0,389)	(763,329)	(1,719,990)
Net income/(expenditure)	for the veer	(363,365)		(363,365)
NET MOVEMENT IN FUND5		363,365		363365
RECONCILIATION OF FUNDS
Total funds brought forward		166,241		166,241
Net movement in funds for	the year	(363,365)		(363,365)
Total funds carried forward				19?,124

Group
The Group has the follomng	financial	instruments
Finanmal assets at fair value	through	income or expenditure
Finanmal assets that are debt instruments			measured		at amortised cost:
- Trade Receivables
- Other Receivables
Financial liabilities measured	at fair value		through	income or expenditure
Financial liabilities measured	at amortised		cost
- Trade creditors
- Deferred consideration
- Other creditors
Giber finanmal liabilfiies measured al		fair	value
Company
The Company has the following finanmsl			instruments
Financial assets at fair value	through	income or expenditure
Financial assets that are debt instruments			measured		at amortised cost.
- Trade Receivables
- Other Receivables
Financial liabilities measured	al fair value		through	income or expenditure
Financial liabilities measured	al amonised		cost.
- Trade creditors
- Deferred consideration
- Other creditors
Other financial liabilities measured at		fair	value