Durham County Cricket Foundation (A company limited by guarantee) Annual report and financial statements for the year ended 30 September 2023 Registered company numbcr 06756096 Registered chai'ity 1127721
Durham County Cricket Foundation (A company limited by guarantee) Annual report and financial statements for the year ended 30 September 2023 Contents Legal and admini8ts'ativ6 infoimation........................................... Tnistees, report for the year ended 30 September 2023....-.................... Endependent cxamincr's report to the trustees of Durham Ctrllnty Cricket Foulldalion........-......... StatemeDt of financial 2Ctivities foi. the year ended 30 Sepl¢inb¢r 2023 (incorporating tlie income and expenditure a¢count)................... Balan¢e sheet as at 30 September 2023.....................,......... Statement of ac¢ountitig p)li¢tes.................................................... Notes to the fmallci41 statements for the yeai. ended 30 September 2023 ................................ 10 14
Durham County Cricket Foundation Legal and administrative information The ¢harity'5 trustees, together with the addresses of the registered office of the charity and of other advisers r¢ as follows.. Trustees Mr M Sinith (Chasr) (appointed IS Feb 24) Miss B M G8udem (appvinted 22 Mai. 24) Mrs B M Coult (appointed 22 Mar 24) Mr K Ram8Nathas (appointed 22 Mar 24) MrlDNairn (&ppointed 01 Ju]124) Mr T J Bostock (appointed 22 Mar 24) Mjs K L Todd (appointed 22 Mar 24) Mr l M Dawson {appointed 15 Feb 24) .5 H Florek Mi. R Jackson MBE (l1ged 15 Feb 24) Mr A Fletcher (resigned 15 Feb 24) Mr D Harker {r¥signed 15 Feb 24} Mr M Nortb {resigned IS Feb 24) Mr L Kobals (resigned 15 Feb 24) Mr G Weeks (i'esigned 15 Feb 24) Registered office Seat Unique Rivcrsid Chester 1¢ Str¢et County Durhatn DH3 3QII Independent Examincr RMT Acci)untants & Business Advisors Ltd Gosforth Park Avenue Newcastle upon Tyne NE12 8EG Ballkers Coopei7tivE Bank 29 Htgh Street Durham DHI 3PL
Durham County Cricket Foundation Trustees, report (Including Director?s Report) for the year ended 30 September 2023 The tnteeS pre$¢nt theii rewrt and f011 statements of th¢ chai'ilable company ("the charity") for tILe year ended 30 September 2023. The accounts h&ve beeu prepar¢d iti accordanoe with the accounting policie8 set out in note I to the accouhts and comply witb the charity's memorandum and articles of association , the Companies Act 2006 and"Accounting and RepOrtig by Charities: St8temcnt of Recommended Practice applicable to th&riti65 prqiaring their accollttts in accordance with the Financial Reporting Standard applicable ill the UK alld Republi¢ of Ireland (FRS 102) (effective l January 2019)" OBJEcfIvEI S AIYD ACTIVITIES FOR THE PUBLIC BENKFIT Objeetives and activities The objects of the charity (listed below) are for the benefit of the public and, in partkcular, of County Dui'ham and its sutyounding areas.. To promote ¢ommunity participation healthy i'ecreation by providing fa¢ilitÉes foi. the playing of ci'icket and other sports ¢&pablc of improving health {"fa¢ililies" in this cL&use mean5 land. buildings. equipment and organising sporting activities). To provide and a5S15t in pruvidsng fa¢ilithes for sport, recreation or other leisure time occupation of such persons who havc need foi. such facilitics by reason of their youth, age, infirniity, or disablement, povety or social and economic circum&iances or the publsc at large in th¢ interests of sobial welfare and wilh the obJt of improvkng Conditions nf lifc. To adyance the education of children and young people tbrough such means as the ttustees thiok fffit in accoi'dance with the law of charity. Foi. the general purposes of such charitable bodies or for such other exclusively charitable purposes eacli case as the trustee5 aY from time to titlle de¢ide. Relating directly to the objects of the eharity, the Strategic focus areas provide a framework around which operatÈonal d¢livay is shaped. The work of the C]rity falls three aill categories which are.. Education and Training Health and Wellbeing Collmiunity Cohesio The ¢h&iity supports communities to live happier and healthier lifestyles, while inspiiing people to fulfil the pot¢ntial the gaine of ciicket. Working alongside Durham Cricket and the Dui.ham Cricket Board we aim to use the inspiring setting of BTnir0tes Riverside to raise the aspir&tions of people in th6 North East. It operates i the community to deliver a rang6 of health, edu¢8tion, Cortkmunity hes1o and cricket development projects, programmes and evellts, to thousand5 of people acro the year. We have referred to the gukdance contained in the Chai'ity Con)mission's general guidance on public benefit when T6viewing our allns and objectives and in planning ouy future activities. The trustees have paid due regard to guidance issued by the Charity Commission in decidiThg what activities the charity sliould undertake.
Dllrham County Cricket Follndation Trustees, report for the year ended 30 September 2023 (continued) ACHtEVli IVIENTS AM) PERFORMANCE With donations down and the ability to raise addttional in¢om¢ $ti)et the Foundation relied on tts reserves to maintain its lev¢1 of a¢tivities. Key Highl¥ghts 2022123 l. Edveation alld Training The Foundation has c¢)ntinued to engage with schools across the North East as pait of both ¢UrriCul activities and b¢yo1. 2. Healib and Wellbeing The Foundation has ¢onlinu¢d its prEYious work towards iM.0vIng ihe Health and Wellbeing of the Noith East, continuing ¢0 dcvclop and ruli its pyogrammes within mentsl health, workitig with older pei)ple and healthy activitkes for childrerA and adults. The Follndation ha5 Bntered into its third year of supporting the delivery of Rollercoaster, a support group foi. parcntslearei3 who are supporting a child or young person with any kind of emotional or mental health problem. The project, based at Seat Unique Riv¢rsid¢, links cricket themes into its delivery and provides an on.going support probTatsun¢ for families. The project also includes the provision of tsainiag cours£5 and workshops for porentslcarers and also cricketillg activities for the family. The project this year has over 500 attendances across Ihe year and delivrd three training workshop8. 3. Great North Childrell's Ho8pilal The Foundation cuniinu¢d It's partnethip with tbe Great Noiih Children's Hospital to deliver a programme of support to the children with the hospital on a longer Lerm basis. 4. Aetlve ageing Our Active Ageing '0aMe, suppgrt¢d by community partners, fo¢us¢s Oll improviiig oldeL people's mental and physical wellbeing, with the aim of increasing the time peopl¢ Temain hlthy. The Foundation has continued to add new project8 to the ongoing programme, u]¢luding supporting a new weekly table spoil$ session.
Durham County Cricket Foundation Trustees, report for the year ended 30 September 2023 (contillued) Plans for the Future The Foundation has urndertaken a stt2tegic exercise alongside the ECB. Dutham Cricket CIC and the Dutham Cricket Board lo map out tbe future plans of the thai'Ety con]mencing in 2023. Across the gatlle Foundations and Cricket Boards have undertaken feasibility studies focusing on tlie additÉonal funding OppornItIeS ihat a merged entity may '0vide. All parties are Committed to wOrkg throu) this pi'oject thal should help provide additional fundlljg to the Foundation. FINANCIAL REVIEMI The year ended 30 Septernr 2023 has been severely impacted by the challenging CnOmiC enyironment fhat has followed the strllggles of the Covid 19 Pandemic. Dui'ing the year a loss of £34,344 was generated (2022.. £35.067 loss), this has led to a decrease in unreatri¢ted funds. R¢sery¢s pollcy The trnstees have undeilaken to secure reserves which will be at IEaSt equivalent to lh¢ winding up costs of tbe harity iTr the Event of funding being wiihdrawn. A specific reserve of £15,000 has been designated for this purpo$¢ and the trnstees are s&tisfied that the Teseryes atthe current level meet this requir¢m¢nt. Also witbin designated fuTids 13 a £5,000 rcs¢rve specifically creaied to fund futyre capital spend, including projected inyesttnent i]J CRM 3y$tem$ and replacement of essential IT equiprnent. The reserve will be released in line wlth the depreciation or write down in the capital items purchased. Atthe yeai. end, free resei'ves (totsl funds less restrict¢d funds and designated funds and fixed assets) are in deficit by £19,797 (2022.. £14,172). Goin2 concei D6spits & difficult couple of years, the Foundation was well plared to witl)stand ihese pressuiEs and fmancial suppoit has relumed dwiug 2023 to allow the continued operation with money available to cover all operating Gosts. Flir the coming 12 months, the foLU5 IS the potenlial merger with tli6 Durham Ci'icket Board and delivei'ing programjnes for which futhdin2 has already been secured. Additional sources Df funding will hopefully be achieved p05t-]nerger to inci'ease ibe nUbEr of progranmies available for delivery. Consequently the trustees have a reasonable expectation that th¢ eharity has adequate resources to contÉnue in operational existence for the foreseeable future. For this i'eason, they have adopted the going concern basis in prepai'ing the fman¢ial statements.
Durham County Cricket Foundation Trustees, report for the year ellded 30 September 2023 (continued) STRuufuRE, GOVERNANCE AP4D MANAGEMENr Coyerning document DurhaTn County Cricket Foundatioi) is a cornpally lirnited by guarantee aiid not having a share capital and Registered Charity governed by ils Memorandum and Articles of Association. (Charity number.. 1127721. Company llumber.. 06756096). It was incorpoTat¢d on 24th November 2008 and cotnthenced trading on 1° October 2009. Dire¢tor8 and trllsteos The direoloTS of the charity are trustees for the purpose of charity l&w and throughout this report zre Golle¢tively refwTed to as the trustees. The tlltees during th¢ y¢3r aud up lo the date of signing the fmallcilll statements were as set out on Page l. Re¢ruitmeDt, appointment and training of trust¢es As set out in the Articles of Association, trustee5 invited to join the Bo&rd. At th¢ Annual Gcneral Meeting up to one tbird of trustees shall retire by rolalion but available foi. re-electÈon. New undertake an induction which includes a fiill bi'iefing on thc finaneeg of the charity. all overvi¢w of the slrn¢tuiE of cricket within Durham alld the opportunity to visit one of the projects that is fund¢d by the charity. Org8niSatiuThal 5lructur¢ Staff are seconded to the charity by Durham Cricket Cic alld Durham Cricket BoaiQ who also provide support services. Rislc Managejnent The trugiees have a risk manag6mettt strategy which comprises.. A regular review of the risks the charity may face. The establishment of systems procedures to m&tigate those i'isk8 identified in the review, and The llnpleineiitalion of procedu dgsTgned to niiEillnise any potential unpact tsn the charity should those i'isks rnaterialisc. Cliange8 to the economic clunate are identified in the risk assessment as a tl)reat to fvndin& Ensuring pi'oper procedures are In place with Irgard to wi)rkÈllg with young people 18 a filllher risk area. Charitxble netiyorlis related pRrties The charity is also SUPPOrtcd by commllnity parkners Eyeryolle Active, Kai'boll Homes. The GreatNorth Cbildreng Hospital and North of England Protecting and Indemnity Asso¢iation. PublÉc BenefLt The trustees have referred to the ChaTity CommissLDn's general guidance on Charities andPubli¢ Benefit attd are satisfied that the aims and objectiV¢S of the charity meet the public beTrefit requirements.
Durham County Cricket Foundatlon Statement of tru5tees' responsibilities Th¢ tsusteE5 (who are also dllfctors of Durham County Crscket Foundation for the putyoses of company law), ar6 respottsible for preparing the Tmstees, Annual Report and the fjnancial statements accordance witb applicable law and United KÈngdom Accounting Slandards (United Kingdom Generally Accepted Ac¢ouDtin8 Practic¢). Company law requires the trustees to prepar6 financial ateMen1$ for each fancial y¢ar whioh give a tyje and fair view of the state of affallE of the ¢hwitable company aiid of the incoming resources aud application of resources, itscluding tbe in¢ome at]d expenditure, of the charÈtabl¢ company for that p¢riod. Jn preparing these fancial statements, the ttustees are Tequired to: select SULtable accounting policies and then apply thern ¢onsistently' observe the methods aiid pi'inciples in the Ch£ir&ties SOIiP. make judgements and estimates that are i'easonable and prudent. state whether applicable UK Accoullting Standards have been followed, subject to any Enalerial departures disclosed and explained th¢ financial statements- prepai'e the f]nantl81 statements on ¢h¢ going coneem basis unless it is inappropriate to presume that the charitable company will continue in opcration. The trustees are i'esponsible for keeping adequate accounting records that disclose with reasonable accuraoy at any time the fancial po8itlOEi of the charitable company aud enable them to ensure that the fmancial statetnents comply with the Companies Act 2006. They are also responsible for safeguai'ding the ttssets of the charitsbl¢ ompany and hence for laking reasonable steps foi. the prevention And detection of fi'aud and other irregulai'ities This reporthas been pi'epared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006. By order of the trustees Mr M Smith {Chair) JL4 ioZ*
Durham County Cricket Foundation Indcpendellt examiner's report to the trustees of Durham County Cricket Foundation I )wort to the c]ltY tntee5 on Y exomination of the a¢couTrts of the charity for the year ended 30 September 2023. This repoit ss made solely to the charity's tsIEStees, &s a body, in accordance with Part 4 of the Charities (Aeeounts and Reports) Regulatioiis 2008. My work has been uThdert8ken so that I might stat¢ to the charity's trnstecs those matters l required to state to thein in ats independent examinees report and for other purpose. To the lIest extent p¢rnitted by law, I cto not accepl gr asSUtne responsibility to anyone other than the charity the charity's tNstees as abody, for my work or for this report. Responsibilities ond basls of repoi* A$ the charity's trustees of tbe Company (who are also the directors of the company for the pllrwges of company law), you are Irspoi1bI¢ for the preparation of the accounts iti a¢coi'dan¢e witb tbe requirem¢nts of the Companies Act 2006 f'the 2006 ACV,). Haying satisfied myself that the aOUnt9 of the Company al'e not required to be audited for thi$ year under Part 16 of the 2006 Act Ed are eligible for indepcndent examination, I report in respect of my examination of your charity's accounts a5 Garried out under section 145 of the Charities ALt 2011 C'the 2011 Ad"). In ¢anyiJig out my examination, I have followed the D&rections given by the Charity Commission (utLder section 145{5)(b) of the 2011 Act. Independent eixminer's statenient I have cotnpleted my examin&tson. I cOnfW that no matters have conie to Jny attentioll in collnection with the examination giving me cause to believe tha£ in any material respect.. l accounting rccords were not kept respect of ihe charity as required by section 386 of the 2006 Act. OT 2 the fmallcldl slalements do not accord with ¢hosc record8,' or 3 the fuiancial st&tements do not comply with the COunting iequirements of section 396 of the 2006 A¢t other than any r¢quirement that th¢ accounts giv¢ a tt'ue and fair view which is not a matter ¢onsidcred as part of an independcnt ¢xamination- or 4 the fmancial Statements have not beeo prspared in accordancc with the methods and pi'inciples of the Statement of Recornm¢nded Prdctice for accounting reporting by tharities applicable to chai'ities preparing their acGounts in ateordance with the Financial Repoiting Stslldaid applicable tbe UK and Rq)ublic of Irelalld (FRS 102). I have no concerns and hav¢ co¢ aci'oss no other matt¢rs in conne¢ti(m the examiall0n to which attention should be di'awll in this report in order to enable a proper understandirlg of the accounts to b¢ Ched. stephen Slater FCA foi. uiid on behalf of RMT Acco11tants & Biisines5 Advlsors Ltd Gosforth Parli Avenue Newcastle upon Tyne NE12 8EG Z4
Durham County Cricket Foundation Statement of financial activities for the year ended 30 September 2023 (incorporating the income and expenditure account) Unrestrieted Restricted Total fuiids Funds Fund5 2023 2023 2023 Total Fund5 2022 Note Income and endo)V¢rtts from: Donation5 29,498 29,498 37,890 Charitable Activitie5: Fees Total illcome And endowmcnts 29,498 29,498 37,890 ExpeNdlture Chgtitable activities (63,466) (376) (63,842) (63,466) (72,581) (376) Depreciation Total resources expended (376) (63,A42) (72.957) Net incot/(expenditllre) (34,344) (34J44) (35,067) Reeonciligtion of funds Total funds brought forward 34,935 634 35,569 70,636 Total funds carried forward 591 634 1,225 35,569
Durham County Cricket Foundation Statement of financial activities for the year ended 30 September 2022 (incorporating the income and expenditure account) Ullregtrlcted Restricted Total filiids Punds unds 2022 2022 2022 Total Funds 2021 Income endoivments from: Donatlons 37,890 37,890 71,774 Charitable activities: Fees Total Income and endowments 37,890 37,890 71.774 Bxpenditure Charitabl¢ activities (72,581) (72,581) (58,820) Depreciation Total resourees expended (376) (376) {72,957) (72,957) (58,820) Net IncoRllel{expenditllre) (35,067) {35,067) 12,954 Recon£iliatlon of funds Total fvnds brought fonvai'd 70,002 634 70,636 57,682 Total funds earimed forward 34,935 634 35,569 70,636
Durha]n County Cricket Foundation Balance sheet as at 30 September 2023 Note 2023 2022 Fix¢d assets Tangible assets 387 763 Current assets Debtors 2,500 13.388 Cash at baDk aud in hand 3,373 32,525 6,260 46,676 CreditoiT: amounts falling due withln one year io (5,036) (11,107) Net current assets 1,224 35,569 Net assets 1,224 35,569 Represented by: Restrict¢d fillkds 634 634 UnrestrLGted fifftds 590 34,935 Total funds 1.224 35,569 For ihe year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatsng lo small cornpanies. No membeis have iEquired the coinpany to obtain aA audit of its accounts for the year in question in accordance with se¢tson 476 of the Companies Act 2006. The trustees acknowledge their responsibility foi. complying with the r¢quirernents of the Act with i'espect to accounting records and for the prepai'ation of 2CCOlltits. The fmancial statements wer¢ approved by the trustees on 4 July 2024 and were sffigned on its behalf by: Mr M SEnith Tru$tee DiirhAm County Cricket Foundatio Compai)y Number: 06756096 Regtstered Charity Number: 1127721 io
Durham County Crieket Foundation Statement of accounting policies Chxrlty iTrformAtion Durham Couiity Cricket Foundatioll is a private compaThy lllnited by guarantee inethyorated in England and Wales. The registered office i# Seat Unique Riv¢rsid4 ChBSter le Stsret, County Durham, DH3 3QR Basis of preparation Tile f5nancial statements have been PTepared in accordance with Aecounting Qlld Reporting by Charities.. Statement of RKoTnmended Practise applKcab16 lo charities preparing theii. accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Rcpublic of Ir¢land (FRS102)- {charilies SORP (FRS102)}, and the Companies Act 2006. The chiirity meets the d6fmition of a public benefit entity under FRS102. Assets and liabilities are initially reeognised at historical c05t or transaction valu¢ unless othenvise stated in the rtlevant accounttng policy. The fancIal Statement are prepared in GBP sterling wbich is the fuThctRDnal Currency of the charity and are rounded to the nearest £1. Going Confer The Foundatioi) entered the pa'iod with cnough reserves and support to ett it's obligations for ihe Qutl programmcs. With a feasibility study underway and potential thnding opportullities arising from this, they have adopted the going concern basis it) preparing the fancIal statemethts. Cash flow statement The oharity is a small company as deflryed by Section 382 of the Companies Act 2006 and has therefore tsken dvalltage of the 6xemption trom preparing a cash flow statement as pcmitted under Financial Reporting Standard 102 S7.IB"Staterneut of Cash Flows.. ID¢oJne Income is re¢ognis¢d whell the charity has entitlcmellt to the thnd8, any perfomkan¢e Conditions attached to the iteill(s) of in¢ome have b¢eii met, it is probable that tbe inCOLne will b6 received and the a0]¢ ¢an be mB&5ured reliably. Income from govetThnent and other grants. whether'capitsl, oi rev¢nue' grattts, is recognised when the charity has cntitle]nent to the funds, any pei'formance ¢ondilions attaGlied to the grants have been met, It is probabl¢ that the ill¢OmE will b6 received and the amount can be measured i'eliably and is not dcfcnrd. Income received in advance of provision of servi¢es is defeffEd until th¢ ctriteiiA for inc0e recogDition are met. Expemses Expenditure is vecolsed on an accrua15 basis, once th'C As a legal or constructiVE obligation to make a payment to a third paty, it is probable that 8ettlement will be required and the amount of th¢ obligaiion can be m&wred i'eliably. Bxpenditure is ctassified under charÈtable activities and includes direct costs which al'e atirkbutsble to specific activities (note 3) and governance ¢o$ts which are associated with meeting the constitulional and Statory
Dllrham Coullty Cricket Foundation Statement of accounting policxes (eontinued) requireinents of the charity (not¢ 5). Where costs are attributable to more than one activity, these costs arg apportiorA¢d acr05S Cost cat¢gorie5 based on all estimate gf th6 proportion of time sp¢nt on those activities. liyecoverable VAT is obarged as & cost againsl the aGttvity for which the expenditure was incufftd. Fund aeeounting Fund5 held by the charity aT¢ ¢ithBr'. Unrestricted geDeral funds- these are which can be used in accordance with the charitable objects at the discretion of the tw$tees. Designated futtds-those unrestri¢ted fvnds allocated for a specific project or purpose by tbe trustees. Restricted funds- these are fithds that Can only be used for particular restricted pUrpoS within the objects of the charity. Restrictions orise when specified by the donor or whell funds are raised foi. particulBr restricted purposes. Surplus fijnds held are deposited with the Co-op¢ratlYE Bank to earn interest prior to lltilisation by the charitable company. Interest rectlvable Interest on funds held on dep)sit is included when rpKeivable and the amoullt can be measured r¢liably by the charity. this is nomially upon notÉfication of the interest paid or payable by tbe Bank. Tangible fixed assets and depreelatlon Tangible f]xed assets are held at histixic purchase eost16ss accumulated depirckation. Cost includ¢s tbe original purcho$e price of the asset and the eosts attributable to br818 the assetto 115 worfcing condition for Its intended use. Depreciation is provided On a straight line basis over the estitnated useful life of the asset with a full year's depreciation charged an the fiiyt year. Rates us¢d are as follows.. Computei. equipment 33Vts per annum Cash alld eash equivalents Cash and Cash eqiiiYalcTlts include cash in hand, deposits held at call with banks, otber short-terni liqllid investments with oi'iginal maturities of three Inonths or less, and bank overdrafi5. Bank overdi'afts are shown withiti borrowings iti Cuent liabilities. Debtors Trade and other debtors are Yeco8nised at the gettlement amoullt. Prepayrnents are v&lued atthe amountprepaid net of any h7de discounts due. LÉabrlitÉes and provisions Liabilities aye recognised when there is an obligation at the balance sheet dat¢ &s a result of a past event, xt is probable that a transfer of ¢c(bllOrniG benefit will be requEI'ed in settlement, and tbe amount of the Settlement can be estIal¢d reliably. Liabiliti aye recognised at the amoimt that the company anticipates it will pay to gettle the d¢bt Or the amount it has received as adv&nced payments for the goods or seTvice8 It must provide. Provisions are Tneasured at the best estimate of th¢ amounts reqlliredto settle the obligatioTr. Where the effect of the time value of 12
Durham County Cricket Foundation Statement of accounting policies (continued) money is material, the provision is based Dnthe present value of those amounts. discounted at the ptrtax discount ra¢e tlial ieflects the risks specifi¢ tt) the liability. The unwinding of the discount is recognssed within interest pay&ble and stinilar charges if appropriate. Financial instruments The company only enters into financial InstMEnts transactions that result in the recDgDiti(w of basic debt financial assets alld liabilities like kn7de and other arxowits receivable and payable, cash and bank balances and loans to or from telated parties. All such instruments air due withiii otte year. and air measured. initially and $ub$equently at the transactlon price. Pension costs 'lThe charitable Gompany contrhbutes Éo the employees, personal penston scheme. Conts'ibutions are charged lo the Stat¢m¢nt of Fittancial ActivitÉes itL the period in which the reldtEd Pdyroll costs are iDcurred. Company Limited by Guarantee The charitable company docs not have a share capital and is limited by guarant¢¢. Each member of the charilable company undertakes to contribute an amount not exceedin¥ £10 lo the assets of the ehAritable co]npany in the ev61it of it being wound up CritlC81 accoulltlng estlmAte5 and areas of Sudgement Estimates and judg¢m¢rLls are ctsntinu&lly evasuated and air based on hisloiical experience and otber fa¢tors, including expectations of futhre events that are believed to be reasonable under the circumstances. Estimates included withill these fall¢la[ statemernts include depreciation charges and the allocation of salary costs to programs With Restricted Funds. None of the estimates made al'e considered to cany signifL¢ant estimation unceitainty, Dor to bear significant i'isk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial yeai.. In pi'waring these flnancial statements the trustees do llot consider there were aTLy Si8nifiGattt areas of judgement that were required in applying the charity's accountingpolicies as set out above. 13
Durham County Cricket Foundation Notes to the fillancial statements for the year ended 30 September 2023 l Donations Ut)restricted Funds 2023 Restricted Funds 2023 Totsl 2023 Total 2022 Voluntary 1cOMe Grantg 13,697 13,697 26,321 Donalions 8,883 8,883 3.476 Sunthy income 6,9l8 6,918 8,093 29,498 29,498 37,890 Expenditure on charitable aetivities Current fllnancial year Unrestricted Fund¥ 2023 Reslrieted Funds 2U23 Total 2023 Total 2022 Direct progranmae Gosts 1,347 1,347 16,954 SAlary costs (see note 4) 47,865 47,865 44.872 Insurance 3,964 3,964 2,224 Share 0£&pport costs (see note 3) 7,890 7,890 6,131 Share of goycrnance costs 2,400 2,400 2,400 63.466 63,466 72,581 14
Durham County Cricket Foundation Notes to the financial statements for the year ended 30 September 2023 (continued) Expenditure on eharitable activities (continued) Prior finAneial year Unre5trleted Funds 2022 Restrieted Funds 2022 Total 2022 Total 2021 Direct programme costs 16,954 16,954 9,133 Salary costs (see note 3) 44,872 44,872 34,764 Insui"ance 2.224 2,224 801 Sh&re of support costs 6.131 6,131 11,321 Shar¢ of sovernance costs 2,400 2,400 2.800 72,581 72,581 58.820 Support costs Support Governance Costs eosts 2023 2023 Support Costs Governanee Total Total 2023 costs 2022 2022 2022 BuSnesS Development 830 830 2.330 2,330 M&rketing 260 260 112 112 Administration 6,800 6,800 3,689 3,689 Independent examination 2,400 2,400 2,400 2,400 7.890 2,400 10,290 6,131 2,400 8,531
Durham County Cricket Foundation Notes to the financial statements for the year ended 30 September 2023 (continued) 4 Staff costs stsff costs are recharged by Durham Cricket CIC as staff 8r¢ s¢conded to the charity. The staff costs recharged call be analysed as follows.. 2023 2022 Salaries 42,959 40,315 National Insurance 3,281 2,857 PcDSiOIL 1,626 1,700 47,866 44,872 The average number ijf staff secoLded to the FouThdation was 2 (2022: 2). The time equival¢nt members of staff sc¢onded amounted to 2 {2022:2) Key Management Persotlnel Key ManagemeTht Personnel are deemed to be those having authority and i'esponsibility, delegatEd to them by the trustees foi. planning, diirctillg and controlling Ihe activities of the Foundatton. The total employee benefits of the Key Management Personnel charged to t¢ FouDdation were £47,866 (2022'.£44,872) 5 Taxation Ag 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 Chaygeable Gains Acl 1992, to ihe extentlhat these are applied to its charitable obje¢ls. Trustees, remllneration and expenses None of the trus¢¢¢8 i'eceived OT wei'e entided to receive any resnun&7tion during the year. Expenses of £nil12022'. £nil) were reimbursed to tb¢ tStS during the year. 16
Durham County Cricket Foundation Notes to the financial statements for the year ended 30 September 2023 (continued) Related party transactions Durham Cricket CIC supplied staffy and other S'vceS to Dllrbam County CrkckeÉ Foundation to the value of £47,866 (2022.. £44,872) during the ye8r, of which £nil (2022.. £7,649) ttmained outstanding at tlke end of the year and is included in CreditS. Trustees D Harker and R Jackson serytd as directol's of th¢ Durham Cricket Board ad Durham Cricket CIC during the year. Althou Durh&tn Collnty Cricket Foundation is Structurally and finat)cially independent from Durham Cricket CIC, the support of Durham Crickct CIC and the Dllrham l£ket Board is important to the continuing ¢fficiellt op¢ration of the Foundation. The Articles of Associatkon of the Foundation state that up to two Individ[lS from Durhom Cyicket CIC may be bustees. 8 Tangible assets Computer Eqttipmcnt Cost At l O¢lober2022 17,341 Additions At 30 September 2023 17J41 Aceumulated depreciatio Ai l O¢tob¢r 2022 16,578 Charg¢ for the year 376 At 30 September 2023 16,954 Net book value At 30 September 2023 387 At 30 Septetnber 2022 763 17
Durham County Cricket Foundation Notes to the financial statements for the year ended 30 September 2023 (continued) 9 Debtors 2023 2022 Other debtors 2,500 13,388 Prq)ayments 2,500 13,388 10 Creditors: amounts faIling due within one year 2023 2022 Trade ¢r¢ditors 2,636 8,707 Acorn$ and deferred income 2,400 2,400 S,036 11,107 L8
Durham County Cricliet Foundation Notes to the financial statements for the year ended 30 September 2023 (continued) 11 Funds as at 30 September 2023 Movemellt in resou$ Balance at l October 2022 Balance at 30 September 2023 Ineoming Outgoing Transfers Uvrestrieted funds Geller nd 14,935 29,498 (63,843) (19,410) Capital reserve- dE5ignated Conting¢nGy fulld - designated 5,000 5,000 15,000 Is,000 34J35 29,498 (63,843) 590 Re5Éricted fund$ Liontrust 634 634 634 634 Totk)I 35,569 29,498 (63,843) 1,224 Futtds have be¢n desIated a8 follows: Capltsl Re%erve: this reserv6 has been specifically crtrKiled to fuimi'e capital spend, including projected investmcnt in CRM systems and replacejnent of essenlial IT equipknent. The i'ese¥Ye will be relcascd ts) line with the deprcciation or write down an the Capital it¢ms pul'chased. Contingency Fund: represents ring fencing of ]nonies to allow the orderly completion of program &ctivity in tlke event ijf thc wind up of the Foundation. This 13 in linc with the Foundation's Re5erYcs policy as set out ill the Trustees Report The restricted funds relate to gmts given for specific prO.ammeS within the work of the Foundation and are for tbe following purposes.. Llontrust: balance comprise5 restt'icted fuDding 5PEGÉfically for the Kenya Volunteer projecL Let's Be Women Nortb East and various school engagement Pl'aMMes. L9
Dllrham County Cricket Foundation Notes to the financial statements for the year ended 30 September 2023 (colltinued) Funds as at 30 September 2022 MoverDeDt in resources Balanee At l October 2021 Balance 8t 30 Scplember 2022 Incomlng Outgoing Transfers Unrestrleted flld5 Genera] fund 50,002 37,890 (72,957) 14,935 Capital reserve - designated Contlligency fuNd- designated 5,000 5,000 15.000 15,000 70,002 37,&90 (72,957) 34.935 Re5ti'i¢ted fund$ Liontrust 634 634 634 634 Total 70,636 37,890 (72.957) 35,569 12 Analysis of net assets between funds Unrestricted Restrieted Funds Funds Total Fixed assets 387 387 Cuent assets 5.239 634 5,873 CeTht ligtbilities (5,036) (5,036) 590 634 J,224 20