2021-09-30-accounts

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Durham County Cricket Foundation (A company limited by guarantee)

Annual report and financial statements for the year ended 30 September 2021

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 2021

Contents

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Durham County Cricket Foundation

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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) MtsMr A HFletcher Florek Mr D Harker Mr M North Mr C Roberts Mr G Weeks

Registered office The 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 2021

The trustees present their report and financial statements of the charitable company (“the charity”) for the year ended 30 September 2021.

The accounts have been prepared in accordance with the accounting policies set out in note | to the accounts and comply with the charity's memorandum and articles of association , the Companies Act 2006 and “Accounting and accordanceReporting bywithCharities:the FinancialStatementReportingof RecommendedStandard applicablePractice applicablein the UKto andcharitiesRepublicpreparingof Irelandtheir accounts(FRS 102)in (effective 1 January 2019)”.

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:

• 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);

• 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;

• 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;

• 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:

• e Education and Training e Health and Wellbeing

• 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 (including Director’s Report) for the year ended 30 September 2021 (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 2020/21 delivered programmes of aimed at inspiring vibrant, health and happy communities,

Key Highlights 2020/21

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 (including Director’s Report) for the year ended 30 September 2021 (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 | 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 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 surplus of £12,954 was generated (2020: £28,684 deficit), this has led to an increase in unrestricted funds of £12,954.

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 £50,002 (2020: £37,048).

Going concern

As noted above, the Covid-19 pandemic has impacted on the activities of the Foundation. However, in the year to September 2021 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-19 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 (including Director’s Report) for the year ended 30 September 2021 (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 I.

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:

• e aregular review of the risks the charity may face; © the establishment of systems and procedures to mitigate those risks identified in the review; and ¢ 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.

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Durham County Cricket Foundation

Trustees’ report (including Director’s Report) for the year ended 30 September 2021 (continued)

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 resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• ¢ — select suitable accounting policies and then apply them consistently;

• « observe the methods and principles in the Charities SORP;

• e make judgements and estimates that are reasonable and prudent; ¢ — state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• ¢ 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

Mr R Jackson 21 June 2022

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Durham County Cricket Foundation

Independent examiner's report to the trustees of Durham County Cricket Foundation

1 report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September

1. This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters 1 am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.

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 of the Company are not required to be audited for this year under Part 16 ofthe 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:

• ] 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

L(_ june 2022

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Durham County Cricket Foundation

Statement of financial activities for the year ended 30 September 2021 (incorporating the income and expenditure account)

Current financial year

Current financial year
		Unrestricted	Restricted	Total funds	Total Funds
		Funds	Funds	2021	2020
	Not ores	2021 £	2021 £	£	£
Income and endowments from:
Donations	1	71,774	-	71,774	44,121
Charitable activities:
Fees		-	-	~	-
Total incomeand endowments		71,774	-	71,774	44,121
Expenditure
Charitable activities	2	(58,820)	-	(58,820)	(72,805)
Total resources expended		(58,820)	-	(58,820)	(72,805)
Net income/(expenditure)		12,954	-	12,954	(28,684)
Reconciliation offunds
Total funds brought forward		57,048	634	57,682	86,366
Totalfundscarriedforward	11	70,002	634	70,636	57,682

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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Durham County Cricket Foundation

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Statement of financial activities for the year ended 30 September 2021 (incorporating the income and expenditure account) (continued)

Prior financial year
		Unrestricted	Restricted	Total funds	Total Funds
		Funds	Funds	2020	2019
	Not ores	2020 £	2020 £	£	£
Incomeandendowmentsfrom: Donations	1	44,121	-	44,121	95,060
Charitable activities:
Fees		-	-	-	1,092
Total incomeand endowments		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)
Net income/(expenditure)		(21,794)	(6,890)	(28,684)	21,199
Reconciliation offunds
Total funds broughtforward		78,842	7,524	86,366	65,167
Totalfundscarriedforward	11	57,048	634	57,682	86,366

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006,

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Durham County Cricket Foundation

Durham County Cricket Foundation				:
Balance sheetasat30September2021
	Notes	2021	2020
a					:,
Fixedassets
Tangible assets	8	-	-
Current assets
Debtors	9	11,630	43,111
Cash atbank and in hand		71,276	66,070
		82,906	109,181
Creditors: amounts falling due within oneyear	10	(12,270)	(51,499)
Net current assets		70,636	37,682
Net assets		70,636	57,682
Represented by:
Restricted funds	11	634	634
Unrestricted funds	il	70,002	57,048
Totalfunds	al	70,636	57,682

For the year ended 30 September 2021 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 21 June 2022 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 The 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, 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 2) 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 3). 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:

• e Unrestricted general funds — these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

• e Designated funds — those unrestricted funds allocated for a specific project or purpose by the trustees.

• e 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

Critica! 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 2021

1 Donations

	Unrestricted Funds	Unrestricted Funds	Restricted Funds	Total	Total
		2021	2021	2021	2020
		£	£	£	£
Voluntary income
Grants		47,027	-	47,027	28,893
Donations		3,532	-	3,532	6,323
Sundry income		21,215	-	21,215	8,905
		71,774	-	71,774	44,121
2	Expenditure on charitable	activities
Current	Current financial year
	Unrestricted		Restricted
		Funds	Funds	Total	Total
		2021	2021	2021	2020
		£	£	£	£
Directprogramme	programme costs	9,134	-	9,134	7,727
Salary	costs (see note 4)	34,764	-	34,764	46,098
Insurance		801	-	801	1,319
Share	ofsupportcosts (see note 3)	11,321	-	11,321	15,601
Share	ofgovernance costs	2,800	-	2,800	2,060
		58,820	-	58,820	72,805

Current financial year

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Durham County Cricket Foundation

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Notes to the financial statements for the year ended 30 September 2021 (continued)

2 Expenditure on charitable activities (continued)

Prior financial year
	Unrestricted	Restricted
	Funds	Funds	Total	Total
	2020	2020	2020	2019
	£	£	£	£
Directprogramme costs	837	6,890	7,727	23,488
Salary costs (seenote 3)	46,098	-	46,098	36,989
Professional fees	1,319	-	1,319	588
Share ofsupportcosts	15,601	-	15,601	11,248
Share ofgovernance costs	2,060	-	2,060	2,640
	65,915	6,890	72,805	74.953

3 Support costs

	Support Costs	Governance costs	Total	ppm osts	Governance costs	Total ota
	2021	2021	2021	2020	2020	2020
	£	£	£	£	£	£
Business Development	6,957	-	6,957	10,800	-	10,800
Marketing	215	-	215	899	-	899
Administration	4,119	-	4,119	3,746	-	3,746
Room hire	30	-	30	156	~	156
Independent examination	-	2,800	2,800	-	2,060	2,060
	11,321	2,800	14,121	15,601	2,060	17,661

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Durham County Cricket Foundation

Notes to the financial statements for the year ended 30 September 2021 (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:

	2021	2020
	£	£
NN SS
Salaries	31,718	41,058
National Insurance	1,953	3,550
Pension	1,093	1,490
SE
	34,764	46,098
NN

The average number of staff seconded to the Foundation was 2 (2020: 2). The full time equivalent members of staff seconded amounted to 2 (2020:2)

Key Management Personnel

Key Management Personne! 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 Personnel charged to the Foundation were £34,764 (2020: £46,098)

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 or in the prior year. No expenses were reimbursed to the trustees during the year or in the prior year.

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Durham County Cricket Foundation

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Notes to the financial statements for the year ended 30 September 2021 (continued)

7 Related party transactions

Durham Cricket CIC supplied staffing and other services to Durham County Cricket Foundation to the value of £34,764 (2020: £46,098) during the year, of which £7,507 (2020: £31,710) 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
	£
EO
Cost
At 1 October2020	16,202
Additions - ee
At30 September2021	16,202
Accumulated depreciation
At 1 October 2020	16,202
Charge fortheyear	-
At30September2021	16,202
Net book value
At 30 September 2021 eee	-
At30September2020	-

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 2021 (continued)

9 Debtors

	2021	2020
	£	£
Other debtors	11,630	43,111
Prepayments	-	-
	11,630	43,111

10 Creditors: amounts falling due within one year

	2021	2020
	£	£
Trade creditors	9,870	31,919
Accruals and deferred income	2,400	19,580
	12,270	51,499

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Durham County Cricket Foundation

Notes to the financial statements for the year ended 30 September 2021 (continued)

11 Funds as at 30 September 2021

Current financial year

Current financial year
		Movement		in resources
	Balance at					Balance at
	1 October 2020	: Incoming	: Outgoing		Transfers	30 September 2021
	£	£		£	£	£
Unrestricted funds
Generalfund	37,048	71,774	— (58,820)		-	50,002
Capital reserve - designated	5,000	-		-	-	5,000
Contingencyfund - designated	15,000	-		-	-	15,000
	57,048	71,774	(58,820)		-	70,002
Restricted funds
Liontrust	634	-		-	-	634
	634	-		-	-	634
Total	57,682	-		-	-	70,636

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 of monies 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.

The restricted funds relate to grants given for specific programmes within the work of the Foundation and are for the following purposes:

Liontrust: balance comprises restricted funding specifically for the Kenya Volunteer project, Let’s Be Women North East and various school engagement programmes.

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Durham County Cricket Foundation

| | | || |

Notes to the financial statements for the year ended 30 September 2021 (continued)

11 Funds as at 30 September 2020 (continued)

Prior financial year	Balance at	Movementin resources	Movementin resources	Movementin resources	Balance at
	1 October 2019	. Incoming	. Outgoing	fe Transfers	30 September 2020
	£	£	£	£	£
Unrestricted funds
General fund	58,842	44,121	(65,915)	-	37,048
Capital reserve - designated	5,000	-	-	-	5,000
Contingency fund - designated	15,000	-	-	-	15,600
	78,842	44,121	(65,915)	-	57,048
Restricted funds
Port ofTyne	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

12 Analysis of net assets between funds

	Unrestricted	Restricted
	Funds	Funds	Total
	£	£	£
Fixed assets	-	-	-
Current assets	82,272	634	82,906
Current liabilities	(12,270)	-	(12,270)
	70,002	634	70,636

20