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Durham County Cricket Foundation
(A company limited by guarantee) Annual report and financial statements for the year ended 30 September 2020
Registered company number 06756096 Registered charity 1127721
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Durham County Cricket Foundation
(A company limited by guarantee)
Annual report and financial statements
for the year ended 30 September 2020
Contents
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|Legal|and|administrative|information|.......cccccceeseeserseeeenerssetesetesesesasscssssssscssssnsseseressasansavesenseceeasvesseasesecseserere b|
|Trustees’|report for the year ended 30|September|2020............scsssvscssecrescecessessesecseeeenssssssssssssssssssneesesererenssel|
|Independent|examiner's|report to the trustees|of Durham County|Cricket|Foundation.........ssssccessssrerecsvsererend|
|Statement|of financial|activities|for the year ended|30|September 2020|(incorporating the|income|and|
|EXPENitUre|ACCOUNE) oer recccerscseesssseanssavensensnsssctscceessococenseeseerseesscssrsvesssseseensersrssssenesnserssinsntanssseressssessessenD|
|Balance|sheet|as|at 30|September 2020|0... cssscssssecssssessecsetccsscsscececeeceavssssssssssseccccesssssevssessevssesessseesssessessescseeeLO|
|Statement|of|accounting|Policies... cccsseeseseseessrecessesserseeresesetesessesssssssesssastnesssessessssensnensssssssnsostssassesecscesbb|
|Notes|to the|financial|statements|for the|year ended|30|September|2020 wc. ccccsecessscceneesssessnensseceeesLA|
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Durham County Cricket Foundation
Legal and administrative information
The charity’s trustees, together with the addresses of the registered office of the charity and of other advisers are as follows:
Trustees Mr R Jackson MBE (Chair) Mr N CD Craig (resigned 12 April 2021) Mr A Fletcher Mrs H Florek Mr D Harker Mr M North Mr C Roberts Mr G Weeks Registered office Emirates Riverside Riverside Chester le Street County Durham DH3 3QR
Independent Examiner RMT Accountants & Business Advisors Ltd Gosforth Park Avenue Newcastle upon Tyne NE12 8EG
Bankers Cooperative Bank 29 High Street Durham DH1 3PL
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Durham County Cricket Foundation
Trustees’ report (Including Director’s Report) for the year ended 30 September 2020
The trustees present their report and financial statements of the charitable company (“the charity”) for the year ended 30 September 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's memorandum and articles of association , the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)” .
OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
Objectives and activities
The objects of the charity (listed below) are for the benefit of the public and, in particular, of County Durham and its surrounding areas:
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e To promote community participation in healthy recreation by providing facilities for the playing of cricket and other sports capable of improving health (“facilities” in this clause means land, buildings, equipment and organising sporting activities);
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e To provide and assist in providing facilities for sport, recreation or other 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 the public at large in the interests of social welfare and with the object of improving conditions of life;
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e To advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity;
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e 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.
Relating directly to the objects of the charity, the strategic focus areas provide a framework around which operational delivery is shaped. The work of the charity falls three main categories which are:
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e Education and Training
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e =Health and Wellbeing
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e Community Cohesion
The charity supports communities to live happier and healthier lifestyles, while inspiring people to fulfil their potential using the game of cricket. Working alongside Durham Cricket and the Durham Cricket Board we aim to use the inspiring setting of Emirates Riverside to raise the aspirations of people in the North East. It operates in the community to deliver a range of health, education, community cohesion and cricket development projects, programmes and events, to thousands of people across the year.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities,
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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Durham County Cricket Foundation
Trustees’ report for the year ended 30 September 2020 (continued)
ACHIEVEMENTS AND PERFORMANCE
This year saw the Foundation consolidate its finances and programmes as the Covid-19 pandemic affected all of its operations.
With donations down and the ability to access venues restricted the Foundation took advantage of the government furlough scheme to preserve finances.
The restricted programme in 2019/20 delivered programmes of aimed at inspiring vibrant, health and happy communities.
Key Highlights 2019/20
1. Education and Training
The Foundation has continued to engage with schools across the North East as part of both curricular activities and beyond.
2. Health and Wellbeing
The Foundation has continued its previous work towards improving the Health and Wellbeing of the North East, continuing to develop and run its programmes within mental health, working with older people and healthy activities for children and young adults.
The Foundation has entered into its second year of supporting the delivery of Rollercoaster, a support group for parents/carers who are supporting a child or young person with any kind of emotional or mental health problem. The project, based at Emirates Riverside, links cricket themes into its delivery and provides an on-going support programme for families. The project also includes the provision of training courses and workshops for parents/carers and also cricketing activities for the family. The project this year has over 500 attendances across the year and delivered three training workshops.
3. Great North Children’s Hospital
The Foundation has entered into a partnership with the Great North Children’s Hospital to deliver a programme of support to the children with the hospital on a longer term basis.
4. Active ageing
Our Active Ageing programme, supported by community partners, focuses on improving older people’s mental and physical wellbeing, with the aim of increasing the time people remain healthy. The Foundation has continued to add new projects to the ongoing programme, including supporting a new weekly table sports session.
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Durham County Cricket Foundation
Trustees’ report for the year ended 30 September 2020 (continued)
Plans for the Future
A new fulltime Community Development Officer was appointed in April 2020 that allowed the Foundation to deliver limited programmes over the summer. During the year to September 2020 time has been spent on developing a new strategy for the Foundation and a full needs analysis for the North East, working alongside key partners including but not limited to local authorities, Durham Cricket and the English Cricket Board, to map out the future strategic plans of the charity for the years 2020-24. A plan is now in place and took effect from 1 October 2020, focusing on a number of key programmes and involving the recruitment of a new Foundation manager.
FINANCIAL REVIEW
The year ended 30 September 2021 has been severely impacted by the Covid 19 Pandemic, after a good start the enforced shutdown of the business and limited activity at the Emirates Riverside led to the last 6 months being a period of consolidation and taking the opportunity to utilise the government furlough scheme as access to care homes and other areas of delivery was not possible.
During the year a deficit of £28,684 was generated (2019: £21,199 surplus), this has led to a decrease in unrestricted funds of £21,794 and a decrease in restricted funds of £6,890.
Reserves policy
The trustees have undertaken to secure reserves which will be at least equivalent to the winding up costs of the charity in the event of funding being withdrawn. A specific reserve has been designated for this purpose and the trustees are satisfied that the reserves at the current level meet this requirement.
At the year end, free reserves (total funds less restricted funds and designated funds) are in surplus by £37,048 (2019: £58,842)..
Going concern
As noted above, the Covid-19 pandemic has impacted on the activities of the Foundation. However, in the year to September 2020 the costs were controlled within the funded programmes that were able to be delivered and as a result the Foundation has ended the period in only a slightly worse position. For the coming 12 months, the focus is on delivering programmes for which funding has already been secured. With income secured and the ability of the Foundation to restrict costs through its new staffing structure in the delivery of agreed programmes the trustees are confident that any further impact of Covid on the operations through 2021 can be managed through cost reduction and use of available government support as needed should programmes be curtailed. Consequently the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.
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Durham County Cricket Foundation
Trustees’ report for the year ended 30 September 2020 (continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Durham County Cricket Foundation is a company limited by guarantee and not having a share capital and a Registered Charity governed by its Memorandum and Articles of Association. (Charity number: 1127721; Company number: 06756096). It was incorporated on 24th November 2008 and commenced trading on 1* October 2009.
Directors and trustees
The directors of the charity are trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The trustees during the year and up to the date of signing the financial statements were as set out on Page 1.
Recruitment, appointment and training of trustees
As set out in the Articles of Association, trustees are invited to join the Board, At the Annual General Meeting up to one third of trustees shall retire by rotation but are available for re-election. New trustees undertake an induction which includes a full briefing on the finances of the charity, an overview of the structure of cricket within Durham and the opportunity to visit one of the projects that is funded by the charity.
Organisational structure
Staff are seconded to the charity by Durham Cricket CIC who also provide support services.
Risk Management
The trustees have a risk management strategy which comprises:
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e =6A regular review of the risks the charity may face; « The establishment of systems and procedures to mitigate those risks identified in the review, and
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The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
Changes to the economic climate are identified in the risk assessment as a threat to future funding. Ensuring proper procedures are in place with regard to working with young people is a further risk area.
Charitable networks and related parties
The charity is also supported by community partners Emirates, Port of Tyne, Liontrust, Darlington Building Society, Everyone Active and North of England Protecting and Indemnity Association.
Public Benefit
The trustees have referred to the Charity Commission's general guidance on Charities and Public Benefit and are satisfied that the aims and objectives of the charity meet the public benefit requirements.
Statement of trustees' responsibilities
The trustees (who are also directors of Durham County Cricket Foundation 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).
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
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Durham County Cricket Foundation
resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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¢ make judgements and estimates that are reasonable and prudent;
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e — state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
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
This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006.
By order of the trustees
- Zl MrAugustR Jackson 2021
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Durham County Cricket Foundation
Independent examiner's report to the trustees of Durham County Cricket Foundation
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2020.
Responsibilities and basis of report ; As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts ofthe Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”), In carrying out my _examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2 the financial statements do not accord with those records; or 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than-any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached,
Stephen Slater FCA
for and on behalf of RMT Accountants & Business Advisors Ltd Gosforth Park Avenue Newcastle upon Tyne NE12 8EG
9 September 2021
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Durham County Cricket Foundation
Statement of financial activities for the year ended 30 September 2020 (incorporating the income and expenditure account)
| Unrestricted | Restricted | Total funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | |||
| Not ore |
2020 £ |
2020 £ |
£ | £ | ||
| Income and endowments from: | ||||||
| Donations | 1 | 44,121 | - | 44,121 | 95,060 | |
| Charitable activities: | ||||||
| Fees | - | - | - | 1,092 | ||
| Total incomeandendowments | 44,121 | - | 44,121 | 96,152 | ||
| Expenditure | ||||||
| Charitable activities | 2 | (65,915) | (6,890) | (72,805) | (74,953) | |
| Total resources expended | (65,915) | (6,890) | (72,805) | (74,953) | ||
| Netincome/(expenditure) | (21,794) | (6,890) | (28,684) | 21,199 | ||
| Reconciliation offunds | ||||||
| Total fundsbrought forward | 78,842 | 7,524 | 86,366 | 65,167 | ||
| Totalfundscarriedforward | il | 57,048 | 634 | 57,682 | 86,366 |
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Durham County Cricket Foundation
Statement of financial activities for the year ended 30 September 2019 (incorporating the income and expenditure account)
| Unrestricted | Restricted | Total funds | Total Funds | |
|---|---|---|---|---|
| Funds | Funds | 2019 | 2018 | |
| 2019 | 2019 | |||
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations | 82,060 | 13,000 | 95,060 | 80,314 |
| Charitable activities: | ||||
| Fees | 1,092 | - | 1,092 | 3,737 |
| Total income and endowments | 83,152 | 13,000 | 96,152 | 84,05] |
| Expenditure | ||||
| Charitable activities | (57,895) | (17,058) | (74,953) | (102,407) |
| Total resources expended | (57,895) | (17,058) | (74,953) | (102,407) |
| Net income/(expenditure) | 25,257 | (4,058) | (21,199) | (18,356) |
| Reconciliation offunds | ||||
| Tota! fundsbrought forward | 53,585 | 11,582 | 65,167 | 83,523 |
| Totalfundscarriedforward | 78,842 | 7,524 | 86,366 | 65,167 |
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Durham County Cricket Foundation
Balance sheet as at 30 September 2020
| Note | 2020 | 2019 | ||
|---|---|---|---|---|
| a, | ||||
| Fixed assets | ||||
| Tangible assets | 8 | - | - | |
| Current assets | ||||
| Debtors | : | 9 | 43,111 | 24,950 |
| Cash atbankand inhand | 66,070 | 74,536 | ||
| 109,181 | 99,486 | |||
| Creditors: amounts falling duewithin oneyear | 10 | (51,499) | (13,120) | |
| Netcurrent assets | 57,682 | 86,366 | ||
| Netassets | 57,682 | 86,366 | ||
| Represented by: | ||||
| Restricted funds | 11 | 634 | 7,524 | |
| Unrestricted funds | 11 | 57,048 | 78,842 | |
| Totalfunds | 11 | 57,682 | 86,366 |
For the year ended 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006,
The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The financial statements were approved by the trustees on 3) August 2021 and were signed on its behalf by:
Mr R Jackson
Trustee
Durham County Cricket Foundation Company Number: 06756096
Registered Charity Number: 1127721
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Durham County Cricket Foundation
Statement of accounting policies
Charity information
Durham County Cricket Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Emirates Riverside, Riverside, Chester le Street, County Durham, DH3 3QR
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) — (charities SORP (FRS102)), and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statement are prepared in GBP sterling which is the functional currency of the charity and are rounded to the nearest £1.
Going Concern
Since the year end the Covid 19 pandemic has impacted on the activities of the Foundation. The Foundation utilised the government’s Job Retention Scheme and was able reduce costs in line with the reduction in activities. Following the restructuring undertaken in 2020 and given income already secured for 2021, which will allow the Foundation to deliver key programmes within approved budgets and known cash flows, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they have adopted the going concern basis in preparing the financial statements.
Cash flow statement
The charity is a small company as defined by Section 382 of the Companies Act 2006 and has therefore taken advantage of the exemption from preparing a cash flow statement as permitted under Financial Reporting Standard 102 S7.1B “Statement of Cash Flows”.
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.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of provision of services is deferred until the criteria for income recognition are met.
Expenses
Expenditure is recognised on an accruals basis, 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 charitable activities and includes direct costs which are attributable to specific activities (note 3) and governance costs which are associated with meeting the constitutional and statutory
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Durham County Cricket Foundation
Statement of accounting policies (continued)
requirements of the charity (note 5). Where costs are attributable to more than one activity, these costs are apportioned across cost categories based on an estimate of the proportion of time spent on those activities.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Fund accounting
Funds held by the charity are either:
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¢ Unrestricted general funds — these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
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e Designated funds — those unrestricted funds allocated for a specific project or purpose by the trustees.
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¢ Restricted funds — these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Surplus funds held are deposited with the Co-operative Bank to earn interest prior to utilisation by the charitable company.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Tangible fixed assets and depreciation
Tangible fixed assets are held at historic purchase cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.
Depreciation is provided on a straight line basis over the estimated useful life of the asset with a full year’s depreciation charged in the first year. Rates used are as follows:
Computer equipment
- 33% per annum
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of
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Durham County Cricket Foundation
Statement of accounting policies (continued)
money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges if appropriate.
Financial instruments
The company only enters into financial instruments transactions that result in the recognition of basic debt financial assets and liabilities like trade and other accounts receivable and payable, cash and bank balances and loans to or from related parties. All such instruments are due within one year, and are measured, initially and subsequently at the transaction price.
Pension costs
The charitable company contributes to the employees’ personal pension scheme. Contributions are charged to the Statement of Financial Activities in the period in which the related payroll costs are incurred.
Company Limited by Guarantee
The charitable company does not have a share capital and is limited by guarantee. Each member of the charitable company undertakes to contribute an amount not exceeding £10 to the assets of the charitable company in the event of it being wound up
Critical accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Estimates included within these financial statements include depreciation charges and the allocation of salary costs to programs within Restricted Funds. None of the estimates made are considered to carry significant estimation uncertainty, nor to bear significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.
In preparing these financial statements the trustees do not consider there were any significant areas ofjudgement that were required in applying the charity's accounting policies as set out above.
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Durham County Cricket Foundation
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Notes to the financial statements for the year ended 30 September 2020
1 Donations
| Unrestricted Funds |
Restricted Funds |
Total | Total | |
|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2019 | |
| £ | £ | £ | £ | |
| Voluntary income | ||||
| Grants | 28,893 | - | 28,893 | 16,700 |
| Donations | 6,323 | - | 6,323 | 64,720 |
| Sundry income | 8,905 | - | 8,905 | 13,640 |
| 44,121 | - | 44,121 | 95,060 |
2 Expenditure on charitable activities Current financial year
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| Funds | Funds | Total | Total | |
| 2020 | 2020 | 2020 | 2019 | |
| £ | £ | £ | £ | |
| Directprogramme costs | 837 | 6,890 | 7,727 | 23,488 |
| Salary costs (see note 4) | 46,098 | - | 46,098 | 36,989 |
| Insurance | 1,319 | - | 1,319 | 588 |
| Shareofsupportcosts (seenote 3) | 15,601 | - | 15,601 | 11,248 |
| Share ofgovernance costs | 2,060 | - | 2,060 | 2,640 |
| 65,915 | 6,890 | 72,805 | 74,953 |
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Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 ‘ (continued)
2 Expenditure on charitable activities (continued) Prior financial year
| Prior financial yearyear | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Funds | Funds | Total | Total | |
| 2019 | 2019 | 2019 | 2018 | |
| £ | £ | £ | £ | |
| Directprogramme costs | 6,430 | 17,058 | 23,488 | 71,519 |
| Salary costs (seenote 3) | 36,989 | - | 36,989 | 17,587 |
| Professional fees | 588 | - | 588 | 560 |
| Share ofsupport costs | 11,248 | - | 11,248 | 10,221 |
| Share ofgovernance costs | 2,640 | 2,640 | 2,520 | |
| 57,895 | 17,058 | 74,953 | 102,407 |
3 Support costs
| 3 Support costs |
||||||
|---|---|---|---|---|---|---|
| Support Costs |
Governance costs |
Total | suppor ost |
Governance costs |
Total ota |
|
| 2020 | 2020 | 2020 | 2020 | 2020 | 2019 | |
| £ | £ | £ | £ | £ | £ | |
| Business Development | 10,800 | - | 10,800 | - | - | - |
| Marketing | 899 | - | 899 | 6,979 | - | 6,979 |
| Administration | 3,746 | - | 3,744 | 3,743 | - | 3,743 |
| Room hire | 156 | ~ | 3,744 | 526 | - | 526 |
| Independentexamination | ~ | 2,060 | 2,060 | - | 2,640 | 2,640 |
| 15,601 | 2,060 | 17,661 | 11,248 | 2,640 | —«:17,058 |
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Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 (continued)
4 Staff costs
Staff costs are recharged by Durham Cricket CIC as staff are seconded to the charity.
The staff costs recharged can be analysed as follows:
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Salaries | 41,058 | 32,346 | |
| National | Insurance | 3,550 | 3,243 |
| Pension | 1,490 | 1,400 | |
| 46,098 | 36,989 |
The average number of staff seconded to the Foundation was 2 (2019: 1). The full time equivalent members of staff seconded amounted to 2 (2019:1)
Key Management Personnel
Key Management Personnel are deemed to be those having authority and responsibility, delegated to them by the trustees for planning, directing and controlling the activities of the Foundation. The total employee benefits of the Key Management Personne! charged to the Foundation were £46,098 (2019:£36,989)
5 Taxation
As a registered charity, the company is exempt from taxation on its income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992, to the extent that these are applied to its charitable objects.
6 Trustees’ remuneration and expenses
None of the trustees received or were entitled to receive any remuneration during the year. Expenses of £nil (2019: £nil) were reimbursed to the trustees during the year.
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Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 (continued)
7 Related party transactions
Durham Cricket CIC supplied staffing and other services to Durham County Cricket Foundation to the value of £46,098 (2019: £36,989) during the year, of which £31,710 (2019: £793) remained outstanding at the end of the year and is included in creditors.
Trustees D Harker and R Jackson served as directors of the Durham Cricket Board and Durham Cricket CIC during the year.
Although Durham County Cricket Foundation is structurally and financially independent from Durham Cricket CIC, the support of Durham Cricket CIC is important to the continuing efficient operation of the Foundation. The Articles of Association of the Foundation state that up to two individuals from Durham Cricket CIC may be trustees.
8 Tangible assets
| 8 Tangible assets |
|
|---|---|
| Computer | |
| Equipment | |
| Cost | |
| At | October2019 |
| Additions | - |
| At30 September2020 | 16,202 |
| Accumulated depreciation | |
| At | October2019 |
| Charge fortheyear | - |
| At30September2020 | 16,202 |
| Net bookvalue | |
| At30 September2020 . - eei |
|
| At30September2019 | - |
Fixed assets were written down to zero in the year ended 30 September 2018 when a specific capital reserve within designated funds (see Note 11) was created for the purchase of new equipment for the future.
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Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 (continued)
9 Debtors
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Otherdebtors | 43,111 | 22,200 |
| Prepayments | - | 2,750 |
| 43,111 | 24,950 |
.
10 Creditors: amounts falling due within one year
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 31,919 | 10,485 |
| Accruals and deferred income | 19,580 | 2,635 |
| 51,499 | 13,120 |
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Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 (continued)
11 Funds as at 30 September 2020
| Movement in resources | Movement in resources | Movement in resources | |||
|---|---|---|---|---|---|
| Balance at | Balance at | ||||
| 1 October 2019 |
Incoming | Outgoing | Transfers | 30 September 2020 |
|
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General fund | 58,842 | 44,121 | (65,915) | - | 37,048 |
| Capitalreserve -designated | 5,000 | - | - | - | 5,000 |
| Contingencyfund - designated | 15,000 | - | - | - | 15,000 |
| 78,842 | 44,121 | (65,915) | - | 57,048 | |
| Restricted funds | |||||
| PortofTyne | 643 | - | (643) | - | - |
| GoNorth East | 2,772 | - | (2,772) | - | - |
| Liontrust | 4,109 | - | (3,475) | - | 634 |
| 7,524 | - | (6,890) | - | 634 | |
| Total | 86,366 | ~ | (28,684) | - | 57,682 |
Funds have been designated as follows:
Capital Reserve: this reserve has been specifically created to fund future capital spend, including projected investment in CRM systems and replacement of essential IT equipment. The reserve will be released in line with the depreciation or write down in the capital items purchased.
Contingency Fund: represents ring fencing ofmonies to allow the orderly completion of program activity in the event of the wind up of the Foundation. This is in line with the Foundation’s Reserves policy as set out in the Trustees Report
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2
| | | |
Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 (continued)
The restricted funds relate to grants given for specific programmes within the work of the Foundation and are for the following purposes: Port of Tyne: this balance comprises restricted funding for community delivery within South Shields
Go North East: balance comprises restricted funding specifically for community delivery across the North East. Liontrust: balance comprises restricted funding specifically for the Kenya Volunteer project, Let’s Be Women North East and various school engagement programmes.
Funds as at 30 September 2019
| Movement in resources | Movement in resources | Movement in resources | |||
|---|---|---|---|---|---|
| Balance at | Balance at | ||||
| 1 October 2018 |
Incoming | . Outgoing |
Transfers | 30 September 2019 |
|
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| Generalfund | 33,585 | 83,152 | (57,895) | - | 58,842 |
| Capital reserve -designated | 5,000 | - | - | - | 5,000 |
| Contingency fund - designated | 15,000 | - | - | - | 15,000 |
| §3,585 | $3,152 | (57,895) | - | 78,842 | |
| Restricted funds | |||||
| PortofTyne | 643 | - | - | - | 643 |
| GoNorth East | 2,772 | - | - | - | 2,772 |
| Liontrust | 8,155 | - | (4,046) | - | 4,109 |
| ChesterFest | - | 10,000 | (10,000) | - | |
| Darlington Building Society | 12 | 3,000 | (3,102) | - | |
| 11,582 | 13,000 | (17,058) | - | 7,524 | |
| Total | 65,167 | 96,152- | =(74,953) | - | 86,366 |
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Durham County Cricket Foundation
Notes to the financial statements for the year ended 30 September 2020 (continued)
12 Analysis of net assets between funds
| Unrestricted | Restricted | ||
|---|---|---|---|
| Funds | Funds | Total | |
| £ | £ | £ | |
| Fixed assets | - | - | - |
| Current assets | 108,547 | 634 | 109,181 |
| Current liabilities | (51,499) | - | (51,499) |
| 57,048 | 634 | 57,682 |
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