Lancashire Cricket Foundation Limited
Company Registration number 6394384 Charity number 1121855 (A charitable company limited by guarantee)
Annual Report and Financial statements
For the year ended 31 December 2023
Lancashire Cricket Foundation Limited
Contents
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report (including Strategic Report) | 2 |
| Trustees' responsibilities statement | 7 |
| Independent auditor's report | 8 |
| Statement of financial activities (including income & expenditure account) | 11 |
| Balance sheet | 12 |
| Statement of cash flows | 13 |
| Notes to the financial statements | 14 |
Lancashire Cricket Foundation Limited
Charity information
Trustees and Officers
R Cross (Chairman) L Morgan G Brindley J Murphy P Ackerley (Resigned 15 May 2023) C Robinson E Cooper (Resigned 31 January 2023) J Hunt (Resigned 31 December 2023) J Abrahams Y Sufi H Islam T Akhlaq K Cross (appointed 15 May 2023) M Dunbar (appointed 21 November 2023)
Principal Officers - Key Management Personnel
John Murphy - Executive Director of Lancashire Cricket Foundation
Auditor
Hurst Accountants Limited 3 Stockport Exchange Stockport Cheshire SK1 3GG
Bankers
Metro Bank plc One Southampton Row London WC1B 5HA
Legal Advisors
Muckle LLP Time Central 32 Gallowgate Newcastle-upon-Tyne NE1 4BF
Registered office
Lancashire County Cricket Club Brian Statham Way Emirates Old Trafford Manchester M16 0PX Company number 6394384 Charity number 1121855
Page 1
Lancashire Cricket Foundation Limited
Trustees' Report
The Trustees, who are also directors of the charitable company (the Foundation), present their annual report (including the Strategic Report) on the affairs of the Foundation, together with the financial statements and auditor’s report for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 14 & 15 and comply with the charity's memorandum and articles of association and applicable law. The liabilty of the members is limited at £10.
The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. The main activities in relation to those purposes for the public benefit have been discussed in the "Our activities and achievements" section of this report.
Incorporation
The charitable company was incorporated on 9 October 2007 by a Memorandum and Articles of Association, and is a registered charity (No. 1121855). The registered office of the charitable company and Foundation is Lancashire County Cricket Club, Emirates Old Trafford, Manchester, M16 0PX.
Who We Are and What We Do
The Foundation aims to Inspire Individuals and Communities through Cricket and is the official charity arm of Lancashire Cricket. The Foundation is an independent and registered charity governed by a Board of Directors.
The objects of the Foundation (listed below) are for the benefit of the public generally and, in particular, the inhabitants of Lancashire and its surrounding areas:
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To promote community participation in healthy recreation by providing facilities for the playing of and development of cricket and other sports capable of improving health (facilities in this clause means land, buildings, equipment and organising sporting activities including coaching and course of instruction);
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To provide or assist in providing facilities for the playing of and development of the game of cricket and other games or sports on a recreational basis for the leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life;
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To advance the education of children and young people through such means as the Trustees think fit in accordance with the law of charity; and
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For the general purposes of such charitable bodies or for such other exclusively charitable purposes in each case as the Trustees may from time to time decide.
The Foundation is the governing body for recreational cricket in Lancashire and works in the community to deliver a range of health, education, community cohesion and cricket development projects, programmes and events.
Our Aims
Relating directly to the objects of the charity, the Strategic Aims (listed below) provide a framework around which operational delivery is shaped.
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Use the power of cricket and sport to motivate, educate and inspire our community;
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Improve the health and well-being of the community;
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Provide education and training opportunities for schools and the wider community;
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Positively develop and support work which targets women, disabled people and minority ethnic communities;
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Fundraise to support the charitable and community work of the cricket club; and
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Ensure Lancashire County Cricket Club ("LCCC") becomes an important and central hub for the community.
Our Activites and achievements
Each of the projects, programmes and events delivered by the Foundation in 2023 directly contributed to at least one of the Strategic Aims of the organisation and also has a clearly defined and measurable outcome and series of outputs in place. Performance against these is monitored and reported back to the Foundation Board.
Below are some of the activities that the Lancashire Cricket Foundation has delivered and supported in the last twelve months.
GROWING A LOVE OF THE GAME
Supporting our Leagues and Clubs
At the Lancashire Cricket Foundation, our recreational clubs are at the heart of everything we do as we look to ensure they can thrive and grow, attracting more people to play the game. We support our clubs in a number of ways through our dedicated Cricket Development Officers. Specifically:
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Support was provided to 317 cricket clubs and nomadic teams across the county.
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There are 183 clubs with a junior section (boys or girls).
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16,481 players took part in 9,277 fixtures.
Women & Girls Cricket
The Women and Girl’s game is one of the fastest growing areas of cricket, and the Lancashire Cricket Foundation's programme is expanding year on year thanks to the dedicated support we provide. In particular:
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124 clubs have a women’s and girl’s section – up from 102 in 2022
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530 Secondary Girls took part in the ECB Girls Indoor Competitions – up from 480 in 2022
Page 2
Lancashire Cricket Foundation Limited Trustees' Report (cont'd)
GROWING A LOVE OF THE GAME (cont'd)
Children & Young People
The Foundation provides a range of Junior Programmes which are designed to not only give children and young people an introduction to cricket, but also further develop the skills of those who are already involved in the game.
74,319 unique participants from 1,028 schools across Lancashire accessed high quality cricket provision through the Chance to Shine Schools Programme.
Junior Cricket programmes
5,613 children attended All Stars and Dynamos programmes across Lancashire. Of 4,113 All Stars participants (aged 5-8) 23% were female, anf of 1,500 Dynamos participants (aged 8-11) 45% were female.
A total of 1,626 females took part across both programmes, up from 1,215 in 2022. An increase of 34%. Also, 1,180 free places were provided across All Stars and Dynamos to children from disadvantaged areas.
Wicketz
Funded by Lord’s Taverners, Wicketz provides free, year-round, weekly community cricket sessions and personal development workshops for young people aged 8-19 in communities where there are few opportunities to play the game regularly.
1,672 participants engaged through the Wicketz project across Foundation Hubs in Manchester, Salford, Trafford and Burnley, with a total of 3,923 attendees.
Coach Education
The Lancashire Cricket Foundation continues to be at the forefront of Coach Education, offering an increased number and range of courses in partnership with the England and Wales Cricket Board. The results in 2023 were as follows:
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29 ECB Coach development courses.
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371 people attended Coaching Courses with 105 female attendees and 122 attendees from diverse communities.
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A combined attendance of over 100 participants across 3 young officials’ courses and 2 coach workshops
Development Centres
- The Lancashire Cricket Development Centres were launched in September 2021 and provide young people with the opportunity to develop, grow and hone their skills.
Sessions are led by qualified Lancashire Cricket coaches and are available for beginners all the way through to those children playing at County level, providing an opportunity to play at the best standard for each individual involved.
There were 1,600 attendees at a Development Centre during 2023, up from 1,116 in 2022 (increase of over 43%).
The Lancashire Cricket Foundation has a strong commitment to growing the game of cricket in the county. With that in mind, a Bursary Scheme has been established that provides young people from disadvantaged backgrounds with access to financial support needed to attend one of the Development Centres.
CRICKET FOR ALL
The Lancashire Cricket Foundation believes cricket is a game for all and it works hard to help make cricket accessible to everyone within the county. Through cricket the Foundation brings people together, inspire individuals and improve lives, enabling people from deprived communities and those with disabilities to say that ‘cricket is a game for me’.
Urban Cricket
The Chance to Shine Street programmes bring cricket into deprived urban areas. It's a fast-paced game, played in closed spaces...it's all action. It's available for youths (8-16) and young adults (16-24).
In 2023 there were 1,482 unique participants, up from 1,242 in 2022 and 2,292 coaching hours delivered across 25 projects.
ACE
The ACE Programme Charity aims to inspire the wider game to support reconnecting the Black community with cricket. The programme launched in Manchester in 2023 with 320 participants engaged.
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Lancashire Cricket Foundation Limited Trustees' Report (cont'd)
CRICKET FOR ALL (cont'd)
Core Cities
The programme aims to engage with South Asian communities in Manchester, with the principal aim to inspire people to connect with cricket – both as players and as spectators, under the Lancashire Cricket’s banner of ‘Inspiring Play’.
Ramadan Cup
Lancashire Cricket hosted a cricket tournament for local teams in the Muslim Community during the Islamic month of Ramadan. The Core Cities Ramadan Cup saw 102 people from eight Lancashire-based teams compete across 39 matches of five over cricket. Players broke their fast before joining together in the Isha prayer, with matches then starting at 10:30pm, lasting until 12:30am.
Community Competition
850 people attended the Foundation's Core Cities Community Competition with teams representing India, Pakistan, West Indies, Bangladesh and Afghanistan.
The Lancashire Cricket Foundation, Young Interfaith and Islamic Relief combined to collaboratively deliver the first ever Iftar at Emirates Old Trafford, welcoming over 200 guests. Held in the Members’ Suite, guests heard a number of speeches about the significance of the event and Imam Abid Khan of Cheadle Muslim Association led the evening prayer. The evening included a traditional Iftar, where Muslim and non-Muslim guests were able to share an evening meal directly after sunset and to break the days fast together.
MCC Foundation Hubs
216 young people attended a network of cricket Hubs that provide free-to-access training and match play to state-educated young cricketers. The Hubs focus on talent: helping promising youngsters who have been engaged through mass participation activities or non-traditional formats to join cricket clubs, develop their hard-ball skills, and access the formal talent pathways.
Disability Cricket
D40, Super 9s and Visually Impaired disability squads were supported during the regular season, with over 30 players representing Lancashire.
Disability Community Cricket
There a seven Lord’s Taverners Super 1s Hub sites and there 133 unique participants, up from 89 in 2022.
Special Educational Needs
There were 940 participants in the SEND schools programme, including competitions and training of young leaders to support delivery. Quotes received included: “Table Cricket allows students of all needs to access it. Everyone is included, the teachers love it, our students love it. We enjoy meeting other students and staff at competitions.” “It helps with teamwork, leadership, communication and helps to build confidence. Lancashire Cricket Foundation events are always well organised, and we love attending.”
PLACES TO PLAY
Facilities Strategy
2023 saw the Foundation develop and launch its first ever Facilities Strategy. The strategy is designed to understand the balance of existing resources across the County and to determine how to best service the future cricketing needs of the people that live within Lancashire.
The local insight for Lancashire, similar to across England and Wales, highlights an inequality of access to cricket facilities which is particularly apparent in urban areas, amongst women and girls, diverse communities and people from lower socio-economic groups.
Investing in facilities in isolation will not deliver the strategic aims. It is essential that 'Places to Play' are accompanied by sustainable 'Programmes of participation and competition' and 'People Support' to ensure Lancashire's facilities are thriving for generations to come.
Building on the learnings of the Greater Manchester Plan the Facilities Strategy seeks to put in place a framework for identifying and delivering future projects that will create welcoming environments for all and to deliver on Lancashire’s vision to ‘To be the best place in the world to enjoy cricket’.
Any funding grants issued by the Foundation are managed through an application process, authorised by the Board of Directors and only fund activity that directly relates to the Objects and Aims of the charity. All other funds generated directly support the delivery of Foundation activities and/or are distributed to organisations as a part of a pre agreed fundraising initiative. The Foundation will continue to deliver many of the activities listed above and will only develop and implement new activities where they directly relate to the Objects and Aims of the charity.
CRICKET FOR SOCIAL GOOD – COMMUNITY ENGAGEMENT, EDUCATION & HEALTH
A key aim of the Lancashire Cricket Foundation is to use cricket to engage our local communities and use it as a force for good whilst helping to grow a love of the game. We have expanded our range of programmes to increase participation, improve health and wellbeing and build relationships in diverse communities.
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Lancashire Cricket Foundation Limited Trustees' Report (cont'd)
CRICKET FOR SOCIAL GOOD (cont'd)
a) Schools’ programmes
- Education
The Foundation's flagship school education programme takes place at Emirates Old Trafford, providing an inspirational setting to fully engage children in learning. 1,350 primary school children from local schools experienced an ‘Education without Boundaries’ Day, developing skills around literacy, numeracy, teamwork and health. The programme also features a cricket session in the Indoor Cricket Centre at Emirates Old Trafford, inspiring more young people to play the game.
20 Secondary school children attended the Cricket Facilities Design programme.
- Schools Open Days at Emirates Old Trafford
2,000 Primary school children attended across two Schools Open Days of first-class cricket and fun activities. 1,000 Secondary school children attended the Secondary Schools T20.
- Young Leaders
150 Primary school children attended the Primary Sports Leaders programme. Attendees were trained to become Activity Leaders within their schools, with the aim of inspiring their peers to become more physically active and having a positive impact on their health. 30 Primary school children attended the Primary Green Leaders programme.
- Guard of Honour
290 children had a Guard of Honour experience at Lightning, Thunder & England games.
- Gambling reduction programme
Delivered in partnership with Gambling with Lives, the Foundation's Gambling Education programme addresses addictive behaviours in gambling and gaming in young people. 175 young people aged 14+ from local secondary schools attended the programme.
b) Health & Wellbeing Initiatives
- Sporting Memories
Monthly sessions were delivered to two groups, with 34 individual particants leading to 212 overal attendances.
- Walking Cricket
91 unique participants attended across four groups. 15 participants had age related illnesses such as dementia, high blood pressure and diabetes. 24 participants were female. A South Asian female only group was launched in the second half of 2023.
95% of attendees said they enjoy staying active, 81% said their mental health has improved and 90% enjoy the social element the sessions provide.
Structure, governance and management
The Trustees 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 progress and determine matters of strategy & policy.
Every decision of the Trustees shall be determined by the majority of votes of the Trustees present and voting on the question. There shall be a quorum when two Trustees are present at any meeting.
All Trustees serve a three year term following which they can seek re-appointment. The existing Trustees have the power to appoint further Trustees provided they have attained the age of eighteen years and are not disqualified from taking office. The Trustees are not actively recruiting 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 obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes of the Foundation, 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.
The operational management of the charity is headed by an Executive Director. Performance of this position and the charity itself are reviewed at all Foundation Board meetings and any decisions on remuneration of all staff members are ratified by the Trustees.
We believe that all the Trustees have the experience required to carry out their duties effectively.
As detailed in Note 12 to the financial statements, the Charity has two related parties, Lancashire County Cricket Club and Lancashire County Cricket Club Development Association, for which the Charity is the sole member.
Financial review
During the year the Foundation made a profit of £21,832 (2022 £50,235).
As at 31 December 2023 the Foundation bank account balance was £416,393 and the liability due to the Lancashire County Cricket Club has increased from £290 to £30,618 during the year, a payment was made in January 2024 to clear the balance.
During the year, the Foundation received donations amounting to £2,061,690 (2022: £1,905,647). In addition, the Foundation received event income of £110,473 (2022: £124,465). Including donations this contributed towards total income of £2,442,039 (2022: £2,180,820).
The Foundation has incurred expenses in relation to charitable activities during the course of the year relating to payroll costs £1,654,439 (2022: £1,443,181) and other charitable costs £680,677 (2022: £578,790).
The Trustees remain confident that the Foundation can continue to operate for at least the next twelve months. Financial projections have been prepared using largely guaranteed revenues, and with costs based on actual spend in 2023. These forecasts and resulting positive operating cashflows will result in the Foundation generating surpluses during 2024. Finally, the key strategic partner, Lancashire County Cricket Club, have re-affirmed their support and will only require settlement of any debtors due from the Foundation during the next twelve months, as and when it can be afforded.
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Lancashire Cricket Foundation Limited Trustees' Report (cont'd)
Reserves
Following a challenging year in 2019 and the subsequent impact of the Covid pandemic, the Foundation continues to build up a general reserve to provide sufficient resources to ensure that the level of expenditure, both charitable spend and overheads, expected in the next three months (as a minimum), is covered. The Trustees continue to keep under review the level of the Foundation’s general reserve and are confident that cash flows for the next twelve months will be sufficient to support the charity.
Grants
The Charity 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 of a club against any grant allocated. All funding distributed in this way contributes to the strategic aim to ‘Support the development of ‘Great Teams’, providing the infrastructure support necessary to ensure a sustainable and successful club & league network is in place across the North West.
Future Plans
As the Foundation enters the final year of the County Partnership Agreement with the England and Wales Cricket Board (ECB), which has been instrumental in providing crucial funding, the charity looks forward to embarking on discussions for a new agreement covering the period from 2025 to 2029. Assurance has been provided that funding levels will not diminish, and additional support of £6.7 million for the Recreational Game is anticipated from 2025 onwards, with the Foundation expected to benefit from 6.7% of this allocation based on existing distribution formulas.
Furthermore, Chance to Shine (“CTS”) has extended the opportunity for the Foundation to expand its delivery of CTS Cricket Activity programs in Lancashire by an additional 20%. This generous offer not only reflects the success of existing initiatives but also underscores a shared commitment to nurturing cricket at the grassroots level.
In parallel, other Income Generation activities continue to thrive, complemented by a comprehensive fundraising strategy aimed at providing a solid foundation for the future. As the Foundation strives to make cricket a game for all, it is acutely aware of the challenges highlighted in the Independent Commission into Equity in Cricket Report published in 2023. With this in mind, the Foundation is dedicated to playing a pivotal role in addressing the issues raised and ensuring that cricket remains accessible and inclusive for everyone in the local community.
In summary, the Lancashire Cricket Foundation is poised for continued growth and impact, buoyed by strong partnerships, sustainable funding, and a steadfast commitment to advancing the game of cricket while championing equity and inclusivity. The Trustees look forward to the opportunities and challenges that lie ahead, confident in the Foundation’s ability to make a meaningful difference in the lives of individuals and communities through the power of cricket.
Risk management
The Trustees have reviewed the major risks to which the Foundation is exposed (listed below) and this topic is regularly discussed at Trustees' meetings.
Safeguarding
The Foundation Staff have day to day engagement with young and vulnerable people, and therefore the Board prioritise the safeguarding of all these individuals. The Board have a designated Safeguarding Lead who oversees the process, with Safeguarding a standard Agenda item at all Board meetings. All staff are suitably trained with a Safeguarding Officer responsibility for monitoring and reporting issues to the Board, and the ECB have a central support team to manage serious cases on our behalf staffed by experts in complex and challenging safeguarding issues.
Financial Sustainability:
At all Board meetings, the Foundation Board scrutinises financial performance set against trading and cash flow forecasts. Visibility of future funding streams is critical to the continuation of the Foundation's activities and maintaining its staffing resources. The Board focus heavily on ensuring the delivery of projects is commensurate with funding received.
Auditor
The Trustees at the date of approval of this report confirm that:
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So far as the Trustees are aware, there is no relevant audit information of which the Foundation's auditor is unaware; and
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The Trustees have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant audit information and to establish that the Foundation's auditor is aware of that information.
This confirmation is given and should be interpreted in accordance with the provisions of S418 of the Companies Act 2006. Hurst Accountants Limited have expressed their willingness to continue in office as auditor.
Approved by the Trustees and signed of their behalf by:
Lee Morgan
Lee Morgan
Date 13 May 2024
Page 6
Lancashire Cricket Foundation Limited Trustees' responsibilities statement
The Trustees (who are also directors of Lancashire Cricket Foundation Limited for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in charities SORP;
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make judgements that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in business.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 7
INDEPENDENT AUDITORʼS REPORT TO THE TRUSTEES OF LANCASHIRE CRICKET FOUNDATION LIMITED
Opinion
We have audited the financial statements of Lancashire Cricket Foundation Limited (the “Charity”) for the year ended 31 December 2023 which comprise the Statement of Financial Activities including Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charitable Companyʼs affairs as at 31
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December 2023 and charitable Company's incoming resources and application of resources for the year then ended
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors' Report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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a satisfactory system of control over transactions has not been maintained; or
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the Charity has not kept proper accounting records; or
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the financial statements are not in agreement with the books of account; or we have not received all the information and explanations we need for our audit.
Responsibilities of the Trustees
As explained more fully in the Trustees' Responsibilities Statement on Page 6, the Trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.
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INDEPENDENT AUDITORʼS REPORT TO THE TRUSTEES OF LANCASHIRE CRICKET FOUNDATION LIMITED (Cont'd)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below We identify and assess the risks of material misstatement of the financial statements whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
Identifying and assessing potential risks relating to irregularities
In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
the nature of the industry and sector, control environment and the Charity's objectives and aims; ● enquiring of management concerning the policies and procedures relating to: · identifying, evaluating and complying with laws and regulations, particularly in relation to the Charity commission, and whether they were aware of any instances of non-compliance; · detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; · the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. discussions amongst the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud; obtaining and understanding the legal and regulatory frameworks that the Charity operates in, such as provisions of the Companies Act 2006, the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, pensions and tax legislation, General Data Protection requirements, Anti-Bribery policy, Health and Safety and the application of other central and local government grants and support. Communication with The Charity Commission and minutes of Trustees' meetings. Audit response to risks identified Our procedures to respond to the risks identified included the following: reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; enquiring of management concerning actual and potential litigation and claims; reading minutes of meetings of those charged with governance; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reviewing manual journals posted by management throughout the period and testing any unusual or unexpected entries; testing a sample of income and expenditure ensuring that they are in accordance with the aims and objectives of the Charity. We have also considered the risks noted above in addressing the risk of fraud through management override of controls: testing the appropriateness of journal entries and other adjustments, We have used data analytics software to identify accounting transactions which may pose a heightened risk of material misstatement, whether due to fraud or error; assessing whether the judgements made in making accounting estimates are indicatve of a potential bias; evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.
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INDEPENDENT AUDITORʼS REPORT TO THE TRUSTEES OF LANCASHIRE CRICKET FOUNDATION LIMITED (Cont'd)
There are inherent limitations in the audit procedures and there is an unavoidable risk that we may not have detected some material misstatements in the financial statements. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Use of our report
This report is made solely to the Charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charityʼs members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.
Hurst Accountants Limited
John Glover (senior statutory auditor) for and on behalf of Hurst Accountants Limited
Chartered Accountants Statutory Auditors 3 Stockport Exchange Stockport Cheshire SK1 3GG
13 May 2024
Page 10
Lancashire Cricket Foundation Limited
Statement of financial activities (including income & expenditure account) for the year ended 31 December 2023
| Notes INCOME FROM: Charitable activities Donations and legacies 4 Investments Fundraising events Other income TOTAL INCOME Charitable activities 5 Raising Funds 5 TOTAL EXPENDITURE Net income for the year NET MOVEMENT IN FUNDS 3 RECONCILIATION OF FUNDS Total surplus brought forward Net movement in funds for the year Total funds carried forward EXPENDITURE ON: |
2023 £ 398,459 110,473 269,876 778,808 (671,485) (85,491) (756,976) 21,832 21,832 50,909 21,832 72,741 Unrestricted Funds |
Restricted Funds 2023 2023 2022 £ £ £ 1,663,231 2,061,690 1,905,647 - 110,473 124,465 - 269,876 150,708 1,663,231 2,442,039 2,180,820 (1,663,231) (2,334,716) (2,023,621) - (85,491) (106,964) (1,663,231) (2,420,207) (2,130,585) - 21,832 50,235 - 21,832 50,235 - 50,909 674 - 21,832 50,235 - 72,741 50,909 Total Funds for the year Total Funds for the year |
|---|---|---|
The notes on pages 13 to 18 form part of these financial statements.
There were no other recognised gains or losses other than those listed above and the net movement in funds for the year. All income and expenditure derives from continuing activities.
See note 13 for comparative Charity Statement of Financial Activities analysed by funds.
Page 11
Lancashire Cricket Foundation Limited Balance sheet as at 31 December 2023
| Notes Fixed Assets Investments 7 Tangible Assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors Amounts falling due within one year 10 Net current assets Total assets less current liabilities Funds 11 Unrestricted funds Restricted funds Total funds |
2023 £ 1 25,571 25,572 168,053 416,393 584,446 (537,277) 47,169 72,741 72,741 - 72,741 |
2022 £ 1 28,017 28,018 163,365 294,508 457,873 (434,982) 22,891 50,909 50,909 - 50,909 |
|---|---|---|
The financial statements of Lancashire Cricket Foundation Limited, registration number 6394384, charity number 1121855, on pages 13 to 18 were approved and authorised for issue on on behalf of the 13 May 2024 Board by:
Lee Morgan Lee Morgan
Page 12
Lancashire Cricket Foundation Limited
Statement of Cash flows for the year ended 31 December 2023
| Net cash provided by operating activities Investing activities Payments to acquire tangible fixed assets Net cash flow from investing activities Financing activities: Interest received Net cash flow from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at the end of the year Net surplus for the reporting period Adjustments for: Depreciation charge (Increase) in debtors Increase in creditors Net cash provided by operating activities Reconciliation of net surplus to net cash from operating activities |
Total Total funds funds 2023 2022 £ £ 135,269 57,688 (13,384) (21,720) (13,384) (21,720) - - - - 121,885 35,968 294,508 258,540 416,393 294,508 2023 2022 £ £ 21,832 50,235 15,830 13,941 (4,687) (38,256) 102,294 31,768 135,269 57,688 |
|---|---|
Page 13
Lancashire Cricket Foundation Limited
Notes to the financial statements for the year ended 31 December 2023
1 Principal accounting policies
- a Company and charitable status
Lancashire Cricket Foundation Limited, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having a share capital. There are currently 11 Trustees, 4 of whom are also the members of the company. Each member has undertaken to contribute to the assets in the event of winding up a sum not exceeding £10. The charity is a registered charity. The registered office is given on page 1.
b Basis of accounting
The financial statements are prepared under the historical cost convention, in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities (SORP 2015)” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2015; and the Companies Act 2006.
The company is exempt from the requirement to prepare consolidated financial statements as all of its subsidiaries are required to be excluded from consolidation by section 402 of the Companies Act 2006.
The principal accounting policies are set out below.
c Income Grants, donations, legacies and voluntary income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Grants, donations, legacies and voluntary income are recognised in full in the Statement of Financial Activities in the year in which the above conditions are satisfied.
Investment income
Investment income is accounted for in the year in which the charity is entitled to receipt.
Trading income
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where payments are received from customers in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year. All turnover was generated in the UK from the charity's principal activities.
Deferred income
Income received in respect of future periods is treated as deferred income.
d Going concern
The Foundation only makes discreet one-off payments so there are never any obligations to beneficiaries for future funding. In this respect, donations are only made if there are sufficient cash reserves in place.
As set out in the Trustee’s Responsibilities Statement on page 6, in preparing these financial statements the Trustees are required to prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Foundation will continue in operation. The Trustees remain confident that the Foundation can continue to operate for at least the next twelve months.
Financial projections have been prepared using largely guaranteed revenues, and with costs based on actual activity from the prior year. These forecasts and resulting positive operating cashflows will result in the Foundation continuing to maintain positive general reserves during 2023. Finally the key strategic partner, Lancashire County Cricket Club, have reaffirmed their support and will only require settlement of any debtors due from the Foundation during the next twelve months, as and when it can be afforded.
e Expenditure
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
• Expenditure on charitable activities includes the costs of charitable cricket activities, events, projects and programmes to further the purposes of the charity and their associated support costs.
• Costs of raising funds comprise the direct costs of fund raising events and initiatives and their associated support costs.
• Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charitable cricket activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 5.
f Tax
The Foundation is a registered charity and as such is exempt from taxation on its income to the extent that they are applied to its charitable purpose.
Current tax, including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised on all timing differences where the transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the Company's relievable tax losses and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax assets are recognised when it is more likely than not that they will be recovered. Deferred tax is measured using rates of tax that have been enacted or substantively enacted by the balance sheet date.
Page 14
Lancashire Cricket Foundation Limited Notes to the financial statements for the year ended 31 December 2023 (Cont'd)
1 Principal accounting policies (cont'd)
g Tangible assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets on a straight line basis over their expected useful life as follows:
- Computer Equipment
3 years
h Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Foundation.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through terms of an appeal. The restricted funds are held in the Balance sheet as a combination of cash at bank and amounts due from related parties.
- i Pensions
For defined contribution schemes the amount charged to the Statement of Financial Activities in respect of pension costs and other retirement benefits is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.
j Financial instruments Financial assets and financial liabilities are recognised when the charity become a party to the contractual provisions of the instrument. All financial assets and liabilities are initially measured at transaction price (including transaction costs).
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. Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions 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 after allowing for any trade discounts due.
The charity only have financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
- 2 Critical accounting judgements and key sources of estimation uncertainty
In the application of the Foundation’s accounting policies, which are described in note 1, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.
3 Result for year
| The surplus for the year is stated after charging: Auditor's remuneration Depreciation |
2023 £ 1,000 15,830 |
2022 £ 500 13,941 |
|---|---|---|
| 4 Analysis of income from donations Sundry donations LCCC Development Association England & Wales Cricket Board Women & Girls ECB Chance 2 Shine The Lords Taverners NCS (The Growth Company) Apprentices GMCA |
Unrestricted Funds Restricted Funds Total Funds for the year 2023 2023 2023 £ £ £ 328,459 - 328,459 70,000 - 70,000 - 780,258 780,258 - 89,000 89,000 - 540,678 540,678 - 92,214 92,214 - - - - - - - 161,081 161,081 398,459 1,663,231 2,061,690 |
Unrestricted Funds 2022 £ 335,979 65,000 - - - - - 17,543 - 418,522 |
Restricted Funds 2022 £ - - 707,630 79,570 403,121 35,456 130,744 - 130,604 1,487,125 |
Total Funds for the year 2022 £ 335,979 65,000 707,630 79,570 403,121 35,456 130,744 17,543 130,604 1,905,647 |
|---|---|---|---|---|
The Restricted funds relate to the following projects:
England & Wales Cricket Board ; funding to provide a range of cricket development projects, programmes and events to engage, excite, inspire and improve individuals and communities in order to grow the game.
Chance 2 Shine ; funding to deliver cricket projects, programmes and events in primary and secondary schools.
The Lord Taverners ; the project provides apprenticeship opportunities and life skills workshops in targeted communities of Salford, Trafford and Manchester for young people aged 8-15.
NCS ; a personal and social development for 16-17 year olds in England and Northern Ireland, funded by money from the UK Government. GMCA ; funding to deliver cricket projects, programmes and events.
Page 15
Lancashire Cricket Foundation Limited
Notes to the financial statements for the year ended 31 December 2023 (Cont'd)
5 Analysis of expenditure on charitable activities
| Analysis of expenditure on charitable activit Payroll (see note 6) Other charitable costs Governance costs - Audit Fee Bank Charges Total Charitable Expenditure Raising Funds Total Expenditure |
ies by fund: Unrestricted Funds Restricted Funds Total Funds for the year 2023 2023 2023 £ £ £ 580,723 1,073,716 1,654,439 88,650 589,515 678,165 1,000 - 1,000 1,112 - 1,112 671,485 1,663,231 2,334,716 85,491 - 85,491 756,976 1,663,231 2,420,207 |
Unrestricted Funds 2022 £ 479,644 55,202 500 1,150 536,496 106,964 643,460 |
Restricted Funds 2022 £ 963,537 523,588 - - 1,487,125 - 1,487,125 |
Total Funds for the year 2022 £ 1,443,181 578,790 500 1,150 2,023,621 106,964 2,130,585 |
|---|---|---|---|---|
Analysis of expenditure on charitable activities by activity:
| Chance 2 Shine NCS Wicketz W&G Disability Cricket GMCA Education and Training Payroll Governance costs - Audit Fee Bank Charges Total Charitable Expenditure Raising Funds Total Expenditure |
Activities undertaken directly Grant funding of activities 2023 2023 £ £ - 115,077 - - - 4,253 - 21,775 - 7,899 - 163,190 365,971 - - - 1,000 - 1,112 - 368,083 312,194 85,491 - 453,574 312,194 |
Support Costs 2023 £ - - - - - - - 1,654,439 - - 1,654,439 - 1,654,439 |
Total 2023 £ 115,077 - 4,253 21,775 7,899 163,190 365,971 1,654,439 1,000 1,112 2,334,716 85,491 2,420,207 |
Total 2022 £ 93,342 20,828 19,926 28,693 9,785 121,564 284,652 1,443,181 500 1,150 2,023,621 106,964 2,130,585 |
|---|---|---|---|---|
6 Analysis of staff costs, Trustee remuneration and expenses
The average monthly number of employees was:
| Raising Funds Charitable Activities Support |
2023 2022 No. No. 2 1 64 60 6 9 72 70 |
|---|---|
Their aggregate remuneration comprised:
| Wages and salaries Social security costs Pension costs Raising Funds Charitable Activities Support Cricket 4 Social Goods Participation & Growth Fundraising Activities Overheads |
2023 £ 1,503,446 130,969 74,298 1,708,713 2023 £ 54,274 1,382,664 271,775 1,708,713 2023 £ 264,153 1,118,511 54,274 271,775 1,708,713 |
2022 £ 1,311,122 124,324 55,535 1,490,981 2022 £ 47,800 1,138,227 304,954 1,490,981 2022 £ 198,994 939,233 47,800 304,954 1,490,981 |
|---|---|---|
One Trustee received remuneration during the current year of £77,821 (2022: £72,779) No travel and subsistence expenses were paid to Trustees (2022: £nil). One other member of staff earned between £65,000 & £75,000.
Page 16
Lancashire Cricket Foundation Limited Notes to the financial statements for the year ended 31 December 2023 (Cont'd)
7 Investments
| Cost At 1 January 2022 and 31 December 2023 |
2023 £ 1 |
2022 £ 1 |
|---|---|---|
Investments represents a 100% holding in the ordinary share capital of LCCC Trust Trading Limited (registered number 07145995). This is a company registered and incorporated in the United Kingdom.
The company was dormant in 2023 and the prior year.
The aggregate of the assets and liabilities was:
| Current assets Current liabilities Net assets Tangible Assets Cost 1 January 2023 Additions 31 December 2023 Depreciation 1 January 2023 Charge for the year 31 December 2023 Net book Value 31 December 2023 31 December 2022 Prepayments Debtors - Amounts falling due within one year Other debtors |
£ 1 - 1 2023 £ 45,524 122,529 168,053 |
£ 1 - 1 Computer Equipment £ 81,739 13,384 95,123 53,722 15,830 69,552 25,571 28,017 2022 £ 74,758 88,607 163,365 |
|---|---|---|
8 Tangible Assets
- 9 Debtors - Amounts falling due within one year
Page 17
Lancashire Cricket Foundation Limited
Notes to the financial statements for the year ended 31 December 2023 (Cont'd)
10 Creditors - Amounts falling due within one year
| Amounts owed to related parties Taxes and social security costs Deferred Income Other creditor Deferred income: 1 January 2023 Released Additions 31 December 2023 Accruals Trade Creditors |
2023 £ 30,618 20,623 39,893 43,362 386,815 15,966 537,277 |
2022 £ 290 25,249 37,188 16,902 353,939 1,414 434,982 £ 353,939 (353,939) 386,815 386,815 |
|---|---|---|
Deferred income relates to trading or grant income received in advance for events or activities taking place in the following year.
11 Funds
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Unrestricted funds comprise those funds which the Trustees are free to use in accordance with the charitable objects.
| England & Wales Cricket Board Women & Girls ECB Chance 2 Shine The Lords Taverners GMCA Unrestricted Funds England & Wales Cricket Board Women & Girls ECB Chance 2 Shine The Lords Taveners NCS (The Growth Company) GMCA Unrestricted Funds Restricted Funds: Restricted Funds: Total Funds Total Funds |
As at 1 January 2023 £ - - - - - 50,909 50,909 As at 1 January 2022 £ - - - - - - 674 674 |
Income £ 780,258 89,000 540,678 92,214 161,081 778,808 2,442,039 Income £ 707,629 79,570 403,121 35,456 130,744 130,604 693,696 2,180,820 |
Expenditure £ (780,258) (89,000) (540,678) (92,214) (161,081) (756,976) (2,420,207) Expenditure £ (707,629) (79,570) (403,121) (35,456) (130,744) (130,604) (643,461) (2,130,585) |
As at 31 December 2023 £ - - - - - 72,741 72,741 As at 31 December 2022 £ - - - - - - 50,909 50,909 |
|---|---|---|---|---|
The activities linked to the restricted funds are discussed in note 4.
12 Related Party Transactions
The Trustees consider Lancashire County Cricket Club Limited, a registered society under the Co-operative and Community Benefit Societies Act 2014, registered in England and Wales, to be a related party due to their close day to day working relationships. Included within charitable activity expenses are payroll related costs recharged from Lancashire County Cricket Club Limited equating to £1,708,713 (2022 £1,490,981); this recharge has been offset in arriving at the creditor per note 10. During the year a donation of £70,000 (2022 £65,000) was accrued and subsequently paid over from the Lancashire County Cricket Club Development Association which is considered to be a related party due to key management control.
The amount owed by the Lancashire County Cricket Club Development Association at 31 December 2023 was £70,000 (2022 £65,000).
The amount owed to Lancashire County Cricket Club at 31 December 2023 was £30,618 (2022 £290).
Key management compensation in the year totalled £153,358 (2022 £144,951).
Page 18
Lancashire Cricket Foundation Limited
Notes to the financial statements for the year ended 31 December 2023 (Cont'd)
13 Comparative statement of financial activities
| INCOME FROM: Charitable activities Donations and legacies Other Trading Activities Fundraising events Investment Income Government Grant Income Other income TOTAL INCOME Charitable activities Raising Funds TOTAL EXPENDITURE Net income for the year NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total deficit brought forward Net movement in funds for the year Total funds carried forward 14 Financial Instruments The Company has the following financial 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 at fair value through income or expenditure Financial liabilities measured at amortised cost: - Trade creditors - Deferred consideration - Other creditors Other financial liabilities measured at fair value 15 Analysis of changes in net debt Cash at bank and in hand 16 Leasing commitments Total future minimum lease payments under non-cancellable operating leases are as follows: Operating lease charges paid during the year for the hire of equipment, including short term hire EXPENDITURE ON: |
Unrestricted Funds 2022 £ 418,522 124,465 - - 150,708 693,695 (536,496) (106,964) (643,460) 50,235 50,235 674 50,235 50,909 At 1 January 2023 £ 294,508 arrangements, am |
Restricted Total Funds Funds for the year 2022 2022 £ £ 1,487,125 1,905,647 - 124,465 - - - - - 150,708 1,487,125 2,180,820 (1,487,125) (2,023,621) (106,964) (1,487,125) (2,130,585) - 50,235 - 50,235 - 674 - 50,235 - 50,909 2023 2022 £ £ - - - - 168,053 163,365 168,053 163,365 - - (20,623) (25,249) (386,815) (353,939) (129,839) (55,794) (537,277) (434,982) - - Cashflows At 31 December 2023 £ £ 121,885 416,393 ounted to £3,549 (2022: £3,185). |
|---|---|---|
| - within one year - between one and five years |
2023 Other £ 3,549 - 3,549 |
2022 Other £ 3,549 3,549 7,098 |
|---|---|---|
Page 19
==> picture [170 x 52] intentionally omitted <==
Issuer
HURST Accountants
Document generated Mon, 13th May 2024 10:24:19 UTC
Document fingerprint c02dfbf38293e262f09f417d9739ba6b
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Audit history log
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John Glover viewed the envelope (46.64.239.253) This envelope has been signed by all parties (46.64.239.253) Sent the envelope to Joanne flynn (joanne.flynn@hurst.co.uk) for signing (46.64.239.253) John Glover signed the envelope (46.64.239.253) John Glover viewed the envelope (46.64.239.253) John Glover opened the document email. (51.142.169.205) Document emailed to john.glover@hurst.co.uk (18.134.205.190) Lee Morgan viewed the envelope (138.124.134.130) Sent the envelope to John Glover (john.glover@hurst.co.uk) for signing (138.124.134.130) Lee Morgan signed the envelope (138.124.134.130) Lee Morgan viewed the envelope (138.124.134.130) Document emailed to LMorgan@lancashirecricket.co.uk (35.178.121.205) Sent the envelope to Lee Morgan (LMorgan@lancashirecricket.co.uk) for signing (149.107.64.226) Joanne flynn has been assigned to this envelope (149.107.64.226) John Glover has been assigned to this envelope (149.107.64.226) Lee Morgan has been assigned to this envelope (149.107.64.226)
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