2021-12-31-accounts

Contents
							Page
Charity information
Trustees' report (including		Strategic Report)
Trustees' responsibilities		statement
Independent auditor's	report
Statement of financial	activities		(including	income	& expenditure	account)	10
Balance sheet
Statement of cash flows							12
Notes to the financial	statements						13

Responsibilities ofthe Trustees
As explained more fully rn the Trustees' Responslbihtres Statement an Page 6.Ihe Trustees are responsible for the preparation of financial slatemenls and for being satisfied Ihat Ikey give a true and fair view, and (or such internal control as the Trustees determine is necessary to enable Ihe preparation of financial statements that are free from
mstenal misstatement, whether due lo fraud or error
Irt prepanng Ihe financial statements, the Trustees are resporisrble (or assessing Ihe Charity's ability to continue as a going concern, disclosing. as applrcable, matters related to going concern and using Ihe going concern basis oF accounting unless the Trustees either intend lo liqurdsle Ihe Charily or to cease operations or have no reelisttc
abemabve bul to do so
Auditors' responsibilities for the audit ofthe financial statements
our objectives are lo obtain reasonable assurance about whether the financial statements	as a whole are		Free fram
matenal mrsstalement, whether due to Iraud or error, and to issue an Auditors' Report	that includes our			oprnron
Reasonable assurance is a high level ofassurance, but is not a guarantee that an audit	conducted rn accordance
with ISAs (UKF will always detect a material misstatement when it exists Maslatements	can ense (rom			fraud		or
error and are consrdered material if rndkviduafiy or rn the aggregate, they could reasonably	be expected to		rrttluence
the economic dewsions ofusers taken on the basis of these linanciaf statements
Irregulantws rncludrng fraud are instances of non-complrance with laws and regulabons Irne with our responsrbrlrbes, outlined above, to detect malarial misslatemenls rn respect	INe design procedures iri o( irregularities, including
fraud The extent to which our procedures are capable ofdetecting irregularibes, including	Fraud is delarled	below
We rdenbfy and assess the risks oi material misstatement of the financial statemenls whether due to fraud or error, and then design and perform audrt procedures responsive to those risks, including obtaining audit evidence that is
sulfimenl and appropnale to provide a basis (or our opinion
Identifying and assessing potential risks relating to irregularities
In idensfyrng and assessing Ihe nslrs of malenal misstatement rn respect of irregulantres	including fraud	and			non-
compliance vnlh laws and regulations, we considered the fofiowing
the nature of the rnduslry and sector control environment and the Chenly's oblectrves and arms,
anquinng of nienagemenl concerning the polrmes and procedures relatirig to
rdenbfylng evaluating and complying with laws snd regulations paracvlarly rn relation to The Chanty
Commission and whether they vrers aware of any mstsnces ofnon-compliance,
deteclrng and responding to tha risks of fraud and whether they have knowledge	of any actual
suspected or afieged fraud,
the internal controls eslabi shed to mrhgale nsks related lo fraud or non-compliartce with laws and
regulatrons
drscussrons amongst the engagement team regarding how and where fraud might	occur rn Ihe frnanoai
statements and any potentrai indkcators of fraud,
~ obtaining and understanding lhe legal and regulatory frameworks thai the Chanly	operates rn. such		as
provisions ofthe Comperses Acl 2006, Ihe Chantres Ad 201I, Ihe Chanlres (Accourils and Reportsi
Regulattons 2008.pensions and tax legislation, General Dale Protection requirements. AntuBnbery
policy Heahh and Safety and the appbcabon ot Coronevirus Job Retention Scheme and other
central and local government grants and suppori ~ communication with Tha Chariily Commisaon and minutes of Trustees' meetings
Aud t response to risks identified
Our procedures to respond to the nsks rdenbfred included the fofiowing
renewing Ihe finanwal statement disclosures and teeing to supporting documentation to assess
compliance with provrsions of relevant laws and regulabons described as having	a direct eriem an
the financial statements;
enquiring ofmanagement concerning actual and potenhal libgabon and claims
reading minutes ofmeetings of those charged with governance,
performing analytical procedures to iderttrfy any unusual or unexpected relationships Ihst may rndrcate
risks of matenal mrsslatement due to fraud,
reviewing manual loumals posted by management throughout the period and testing any unusual		or
unexpected entries,
carping oul substanave tesbng lo confirnt the validity and accuracy ofgrant claims under Ihe
Coronavirus Job Retentron Scheme;
testing a sample of I((come and expenditure ensurmg that they are in accordance	mth the arms and
objectives of the chanly
We have also considered Ihe nsks noted stove in addressing the nsk of fraud through	management ovemde					of
corltrols
lasting Ihe appropnaleness o(lournal entnes end other adluslments,
assessing whether the judgements made in making accounting estimates are indicalve ofa potential
bras,
evaluating the business rationale of sny significant transaobons Ihal are unusual	or autwde the normal
course ofbusiness
We also communicated relevanl idenkfied laws and regulebons and polenbal fraud nsks	to afi engagement				team
members and remained alert to any indicalrons of Fraud or non-compliance with laws and regulations throughout					the
audit.

		Unrestricted	Restricled	Total Funds for	Total Funds for the
		Fbilds	Funds	the year	year
	Notes	2021f	2D21f	2021 E	202Df
INCOME FROM:
Charitable activities Donations and legacies	4	380,616	1,021,328	1,401,9dd	1.268,912
Investments Fundraising events		97,170		97.170	24,570
Investment income
Gavernment Grant incame Other income		64,921 114,493		64.921 114,493	42D,342 25,904
TOTALINCOME		657,201	1,021,328	1,678,529	1,739,728
EXPENDITURE ON: Charitable acbvities Raismg Funds		(364,395) (121,378)	(1,021,328)	(1,385,723) (12137S)	(1,644,982) (68,396)
TOTAL EXPENDITURE		(485,773)	(1,021,328)	(1,507,101)	(1,713,358)
Net income for the year		171,428		171,428	28,370
NET MOVEMENT IN FUNDS		171,428		171,428	26,370
RECONCILIATION OF FUNDS Total defiat brought forward Net movement in funds lor the year		(170,754) 171,428		(170,754) 17'l,428	(197,124) 26,370
Total fundal(deficit) canied forward		674		674	170,754

			Notes	2021	2020
				2	6
Fixed Assets &Eguipment
Investments				1	1
Tangible Assets				20,238	16,971
				20,239	16,972
Current assets
Debtors				125,109	149,635
Cash at bank and	in hand			258,540	248,907
				383,649	398,542
Creditors
Amounts faibng due within		one year	10	(403,214)	(586,268)
Net current liabilities				(19,565)	(187,726)
Total assets less	current	liabilities		674	170,754
Funds
Unrestricted funds				674	(170,754)
Restncted funds
Total funds/(deficit)				674	170,754

Statement ofCash	flows for	the	year end	ed 31 December	2021
						Total	Total
						funds	funds
						2021	2020
						6	E
Net cash provided	by operating		activities			20,723	102,517
Investing activities Payments to acquire	tangible	fixed	assets			(11,090I	(2,959)
Net cash flow from	investing	activities				(11,090)	(2,959)
Financing activities:
Interest received
Net cash flow from	Financing	activities
Net increase in cash and cash equivalents						9,633	99,558
Cash and cash equivalents		at beginning		of year		248,907	149.349
Cash snd cash equivalents		at the end of		the year		258,540	248,907
Reconciliation ofnet surplus to			net cash	from operating	activities
						2021	2020
						E	E
Nel surplus for the reporting penod						171.428	26,370
Adjustments for Depreciation charge Decrease in debtors (Decrease)/increase	in creditors					7,822 24,526 (183,053)	6,030 33,102 37,015
Net cash provided	by operating		activities			20,723	102,517

L	c shi Cri 1 tF nd lionLimited
Nelestoth ( n I ist tementsfor(heyearended31December2021
|principal accounting p licies
a Company and ch ntabl talus
	Lancashiecnclt tFo nd li nDmled, p bl b lil uly i inmm ratedlnEnglandandtvalesasacompanybmiledby
	guarantee nol having a share capital There ere currenUy 12 Trustees, s fwham are also	Ihe members			el	the company
	Each member has underiaken to conlribule lo the assets m Ihe ev nl ofwincrng up a s m n	Ieve edng Eig				The chadty is
	a reg stared chanly The registered oigce is Ipven on page 1.
b Basis at accoungng
	The enanual stalemenls era papered under Ih» hisloncai cost c nvenUon. rn accordance			Ih the		Slalemenl			of
	Recommended pram(ca 'Accounung and Reporlng by Chankes IsoRp 2015) applicable lo chenbes				prepanng				their
	accounts In accordance whh Iha Fmanciai Repomag Stands d appbcable In Ihe UK a d Repub(c		of ireland				(FRs 102),
	egacli I January 20I5;andlhs Compartes Act 2006
	The company is exempt from the requirement le prepare cons lidaled financ al statements	as ab	ot tls		subs«hence				are
	req red lo b e eluded from car solids bon by sectien 402 of the Compani 1Acl 2006
	The pdncip I accoungng pol cies are 1st oui below
	Income
	Grants, donations, legacl s snd otu lary Inc me
	Irtcomeisrecognisedwhenihechanty hasentitlemenllolhefunds anyp rfonnancecondlonsahachedl					Iheilemi			) I
	mcome have been met. 1 s pr bable Ihal Ihe Income vs b r carved and lhe aino nlcanb a			drekably				Gra Is.
	donasorls legacies end voluntary income are recognrsed in (ug in the Slate ent of Rnanmal	Ariivmes		I Ihe		year		wh ch
	th» above cond bans are satisged
	Investmenl income is acmunted for m the year rn whrch Ih charily is enliged to receipt
	Trading income
	Turnover is stat d n I f VAT and Ir d dhM nl Tum er i Ihe supply of services repr sents		Ihe		atua		of	services
	provided umlarconlracw to ths extent Ihal there is a nghl lo csnside olio and is recorded at	Ih value		of Ihe		consideration
	due vihere paymenls are race ved from customers in advance ofsen«ces provided lhe amo	nls are	reco		ded		as defermd
	«come and tncwded as pert or credhors due w thin one year Ag turnover was generated	In Ihe	UK from			Ihe		charily's
	pri dpal amritles
	0 (ewM incom
	Income recewed tn aspect ot future penods ts Irealed as defeaed inmme
d	Going concern
	Th Fo dek anly makes discreet on*wlf payments so there are n er any obltgal ons to bene(iden			ex I	r future			fund	ng
	In th s reaped, do aUans are only made d Ihere are summant casll lesen es in place
	Notwithstanding the nel current lish(has pavilion al 31 December 202I off(0M5, Ihe gnandal slatemenls						ha	e b	e
	prepared on a gomg c ncem hews Tttis r~also Ihe c nclusion ofIh Foundabon's Board aher	taking tuh		consideralien ol					the
	o gomg nceriainbescausedaffMUngb ihlheUKa dWorid'seconomes
	As seto tribe Tn ates's ResponslthUes Slatemenl on peg 6. In prepanng Ihese 6 a mi	slateme		Is Ihe		Trustees			are
	required lo prepare Ihe finanrial slalemenh on Ihe going concern basis u I ss il Is Inapp	opnale		lo p	es	me		thai	Ih
	Foundaso vngconhnueinoperaton The TmsleesremwnconUdenllhallheFoundatroncanc	nhnu	I	ops	erato			alleast
	the next twel e months
	In2022lheFsundabonisbudgeledlomakeasurpl suf61010tig, a dl leslmanag mentacco ntseh				Ih		Fo	nd	I n
	lobe 669000 ahead of b dget ilh Ihe year-I -d le mmh eo also showtng a post e ena ce of246000						whilst		no
	detailed budget has been p spared Ior 2023, the Board fully anticipate 2023 fehomng a sit(liter pattern wtlh s qtlus for Ihe liml 6 m nths lo 30 Seplembw 2023 of between 160.000 a d 270.000 enabling a corwnuing					a	like io ncrease		like in
	mM(ves
	Fnally, lhemanwedl ndk ystrategcp dn L h Cou IUCncketClub, hamrealfirmedglelrsuppodandwil
	only require segement ef any debtors due fram Ihe Foundatmn d nng Ihe nMI twel e months as			and	when		il	can	be
	alfomed
e	Expe dlmre
	Expenditure and(mme arabia VAT
	Expendnure is recogntsed once Ihme is slag I or constnm e obygation to make a paymenl	la a third		party		il ts probable
	Ihat sehleme I mh be required and Ihe amount ol the obligabon can be measured reliably Expend bra is riassried							under
	Ihe logovnng ac&iity headikgs
	~ Expend lure on chanlable acbvihes ci des the costs of hant hie cncket acs ibes, e enls	pralecls		and	progra			mes I
	I'urlher the puqmsas of Ihe charity and lheir assohaled support costs
	c sts ofra srng funds Mmprlse Iha dram costs oftundra s ng event and n babves and lhmr	Msohaled support					cost|
	~lneco w ble VAT is charged as a cost gmnsl Ihe Mttv ty lor which Ihe expenditure was inc rred
	Allocation o(suppow coals
	Support casts ar Iho e 4 borts Ih I a I ih w rl I the charily bul da nol ritmrib undertake			chwltabie			acuviUes
	Suppcll costs induda back olgce costs, Unance, pemcnnel, payroU and gevemance costs which suppori				Ihe		charitabl
	miritei acbvities These costs have 0 n syocaled betw en cost ofralsng hr ds and expendih. re on			charhab(e			amwldes
	The bases on h ch s pport coals have been adecated are 1st out rn naia 5.
I	Ta*
	The Foundagon sa regale ed chenly and as such is exempt from laxsgen on ds nr me lo Ihe extent		that they are					applied
	le ils chanlable purpose
	cunenl Lm, Indudmg UK cerporaken tax is provided al amounts expected lo be paid (or rscaverad)			usirtg Ihe			hales and
	ls *Ihal have been enacted or sobs lanlively snared by me balance she I d t
	Deferred tax h rec gntsed on ag liming dilferences Mere Ihe Iransachons a events Ihat lasug	n an eblqalion				to pay more
	lm n Ihe future er a right lo pay less tax In Ihe future have occurred at Ihe balance sheet	date T	mng		drilerences are
	dilferances between Ihe company' ~ regevable tax losses and ils resuks as slathl n Ihe gnandal stalemenls				thai		arise fram
	Ule inciuwen of gens and losses n lax assessmenls m penods lbfferanl from lhasa in which	Ihey are recognised						in Ihe
	finanrial stalemenls Defaned la*assels are recognised Mten lie mare Ihely Ihan nol Ihat Ih y Ub		n.		ared		D	(e	ed
	tax amass red usa g rates o(lax Ihal have been enamed er 1 bslanlwaly enaried by Ufo balance sheet			dale

Lancashire CrfckelFo dabon	Lancashire CrfckelFo dabon		Llrn ted	Llrn ted	Llrn ted	Llrn ted
Notes	lo lhe finandsf stalemerlt				tor the			year		ended			31 December 2021(Cont'4)
13	Comparative statement			offinancial					acpvitl			.
																Unrestlcted		Restricted	Total F nds
																	Funds	Funds	for Ihe year
																	2020	2020	2020
																	E	E	2
	INCOME FROhh
	charsable acu ities Donasons and legades															311,729		957,103	1,260 912
	Other Trading Acti ilies F ndralsing events																24,570		24 570
	In calmant income
	Cavemmenl Grant Ircome Other lncame															420,342 25,904			420 342 25,004
	TOTAL INCOME															762.545		957,183	1,739,728
	EXPENDITURE ON. Chantable aclml es Rws g Funds															(687.779I (60,396)		(957,183I	(1,644,962) (68,3961
	TOTAL EXPENDITURE															(756,175)		(957,193)	(1,713,355)
	N t sspsndiiure for Ihe		veer														26,370		16,370
	NE 7 MOVEMENT IN FUI'IDS																26,370		26,370
	RECONCILIATION OF FUNDS Total defiril bm~hl lorward Nel moveme I in funds for the year															(197.124i 26,370			(197.124) 26,370
	T lsldefmlc n d for			srd
14	Finanmal instruments																	2021	2920
																		E	6
	Th c mpany has Ih faso				ng fina			alinstm				ent
	Frmnoal assets al far value				Ihmugli			ncome			r	e	penditure
	Finanoal assels Ihal are	debit				Ir	ments mess						red at a	orl see cost
	- Trade Rmevabtss . Other Race vabies																	125,109	149,635
																		125.109	149,635
	Fwanoal Iab itlw mess	red			at lair		value			toro	gh		ncome	r e«penditure
	Finanoal habsbas mea - Trade cred tore - Deferred consideration - Olhercredtors	red			at amorlwed					cost							tz0,876) (9ooa) (ISZ,ZSZ) (I00,313) ~229,946 ~468,947
																	~403,2I4 ~506,266
	Other linandal lab lilies measured						al	fw		value
15	Analysis sf changes iri	el		d	bl
																			At31
																At I January		Cashf low	Decembe
																	2011		202i
	Cash al bank snit in hand															248907		9633	256,540
16	Leasing commitments
	Opemling lea scharges	patd dunng						the	year for Ihe are of					equipmenl	mcl ding short term hv.	arrarigemenls	amounted	lo E4 384I2020 23 327)
	Total future minimum lease			paymenls				urlder non-ranoe3able						operating	leases are as fo8o s
																		2021	2020
																		Other	Other
																			3
	-mtlan one year ~ between one and live years																3,549 7,098 ~~647		1,386 i)00