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2025-09-30-accounts

Company registration number 06756096 (England and Wales) Charity registration number 1127721 (England and Wales)

DURHAM COUNTY CRICKET FOUNDATION

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

DURHAM COUNTY CRICKET FOUNDATION

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees H Florek
M Smith (Chair)
E Gaudern
K Ramanathas
I Dawson
K Todd
P Pollard
C Tetley (Appointed 10 February 2026)
S McLoughlin (Appointed 24 October 2025)
E Price (Appointed 12 October 2025)
Country of incorporation United Kingdom 06756096
(England and Wales)
Charity registration England and Wales 1127721
Registered office Emirates Riverside
Riverside
Chester-le-Street
Co.Durham
DH3 3QR
Independent examiner RMT Accountants & Business Advisors Ltd
Gosforth Park Avenue
Newcastle upon Tyne
NE12 8EG
Bankers The Co-Operative Bank
29 High Street
Durham
DH1 3PL

DURHAM COUNTY CRICKET FOUNDATION

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6 - 7
Balance sheet 8
Statement of cash flows 9
Notes to the financial statements 10 - 19

DURHAM COUNTY CRICKET FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

The trustees present their annual report and financial statements for the year ended 30 September 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing 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 2019).

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:

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:

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.

Public benefit

The trustees have 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.

DURHAM COUNTY CRICKET FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Achievements and performance

Significant activities and achievements against objectives

The foundations work is focussed around two key objectives: to ensure recreational cricket in the region thrives, and we design and run programmes around the real needs of the community, investing in people’s futures and creating opportunities that go beyond the game.

Through our initiatives we reach and impact the lives of thousands of people within the region through the power of cricket.

We delivered in 191 schools with nearly 24,000 children taking part. We had 530 junior teams, incorporating 4500 children playing within our leagues. We have 101 cricket clubs incorporating over 5000 adult players.

Over 700 participants took part in our community programmes such as

Using Sport England’s Social Value calculator, we generated £57,756,400 worth of Social Value.

Financial review

During the year a deficit of £132,901 was generated (2024: £550,158 surplus). The balance sheet shows total funds carried forward of £417,847 (2024: £551,382) of which £417,847 (2024: £550,748) relates to unrestricted funds and £634 (2024: £634) and relates to restricted funds.

For further details please see the statement of financial activities, balance sheet and supporting notes.

Going concern

Despite a difficult couple of years, the Foundation merged with the Durham Cricket Board on June 1, 2024 and has added financial strength to it’s operations as a result of the merger. For the coming 12 months, the focus is on the delivering programs for which funding has already been secured, whilst evaluating new opportunities given the additional resources of the combined organisation. Additional sources of funding will hopefully be achieved to increase the number of programmes available for delivery. 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.

Reserves policy

The purpose of this Reserves Policy is to ensure that Durham Cricket Foundation maintains adequate financial reserves to safeguard its sustainability, support strategic objectives, and manage financial risks. This policy provides a framework for establishing, maintaining, and using reserves in a transparent and responsible manner.

The Board aims to maintain reserves equivalent to not less than three months and no greater than 6 months of normal operating expenditure.

In determining the appropriate level of reserves, the Board will consider:

The target range will be reviewed annually as part of the budgeting and business planning process.

At the year end, free reserves (total funds less restricted funds and designated funds and fixed assets) are in surplus by £396,129 (2024: deficit £549,058).

DURHAM COUNTY CRICKET FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Risk Management

The trustees have a risk management strategy which comprises:

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.

The risk register is review bi-monthly firstly by the Audit and Risk Committee, then ratified by the board.

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 1st October 2009.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

H Florek M Smith (Chair) E Gaudern B M Coult (Resigned 11 October 2024) K Ramanathas I D Nairn (Resigned 11 October 2024) T J Bostock (Resigned 11 February 2026) I Dawson K Todd P Pollard C Tetley (Appointed 10 February 2026) S McLoughlin (Appointed 24 October 2025) E Price (Appointed 12 October 2025)

Recruitment and appointment of trustees

The process for appointing trustees is set out in the Articles of Association.

Following a review of the foundation’s skills matrix, new trustees are either headhunted by the board, or positions are advertised. Once a suitable trustee is identified, the nominations Committee shall make written recommendations to the Board as to the identity of candidates they would recommend are appointed as Trustees, and shall give reasons for such recommendations. The Nominations Committee may not recommend any person for appointment unless that person has indicated their willingness to be appointed as a Trustee.

The Board shall consider the recommendations made by the Nominations Committee, but need not accept those recommendations. All Appointed Trustees shall be appointed by resolution of the Board.

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.

DURHAM COUNTY CRICKET FOUNDATION

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Statement of trustees' responsibilities

The trustees, who are also the directors of Durham County Cricket Foundation for the purpose of company law, are responsible for preparing the Trustees' 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees' report was approved by the Board of Trustees.

M Smith (Chair)

Trustee

28 July 2026

DURHAM COUNTY CRICKET FOUNDATION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF DURHAM COUNTY CRICKET FOUNDATION

I report to the trustees on my examination of the financial statements of Durham County Cricket Foundation (the charity) for the year ended 30 September 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

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 financial statements to be reached.

Stephen Slater BA(Hons) FCA

RMT Accountants & Business Advisors Ltd Gosforth Park Avenue Newcastle upon Tyne NE12 8EG

Dated: 28 July 2026

DURHAM COUNTY CRICKET FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Current financial year
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
Notes
£
£
£
Income from:
Donations and legacies
3
37,362
65,491
102,853
Charitable activities
4
755,409
-
755,409
Total income
792,771
65,491
858,262
Expenditure on:
Charitable activities
Support costs
5
925,672
65,491
991,163
Total expenditure
925,672
65,491
991,163
Net income/(expenditure) and movement in funds
(132,901)
-
(132,901)
Reconciliation of funds:
Fund balances at 1 October 2024
550,748
634
551,382
Fund balances at 30 September 2025
417,847
634
418,481		 Total
2024
£
787,920
130,602
918,522
368,364
368,364
550,158
1,224
551,382

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

DURHAM COUNTY CRICKET FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Prior financial year
Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
787,920
-
Charitable activities
4
130,602
-
Total income
918,522
-
Support costs
5
368,364
-
Total expenditure
368,364
-
Net income and movement in funds
550,158
-
Reconciliation of funds:
Fund balances at 1 October 2023
590
634
Fund balances at 30 September 2024
550,748
634		 Total
2024
£
787,920
130,602
918,522
368,364
368,364
550,158
1,224
551,382

DURHAM COUNTY CRICKET FOUNDATION

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2025
£
59,949
390,515
450,464
(53,701)		 £
21,718
396,763
418,481
634
417,847
418,481		 2024
£
32,618
543,268
575,886
(26,194)		 £
1,690
549,692
551,382
634
550,748
551,382

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 28 July 2026

M Smith (Chair)

Trustee

DURHAM COUNTY CRICKET FOUNDATION

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Net cash generated from financing activities
Net (decrease)/increase in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
£
(127,861)
(24,892)
(24,892)
-
(152,753)
543,268
390,515		 2024
£
(3,144)		 £
543,039
(3,144)
-
539,895
3,373
543,268

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 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 Durham International Cricket Ground, Riverside, Chester-le-Street, Co.Durham, DH3 3QR.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

The Foundation entered the period with enough reserves and support to meet it’s obligations for the current programmes. With a feasibility study underway and potential funding opportunities arising from this, they have adopted the going concern basis in preparing the financial statements.

1.3 Charitable funds

Funds held by the charity are either:

Surplus funds held are deposited with the Co-operative Bank to earn interest prior to utilisation by the charitable company.

1.4 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.

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, 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 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.

1.6 Tangible fixed assets

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 recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office Equipment 20% and 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 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.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In preparing these financial statements the trustees do not consider there were any significant areas of judgement that were required in applying the charity's accounting policies as set out above.

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
21,862
-
Grants received
15,500
65,491
37,362
65,491
Grants receivable for core activities
ECB Core Funding
-
-
Everyone Active
12,000
-
Active Ageing Programme
-
19,591
Karbon Homes
-
45,900
Primary Club
3,500
-
15,500
65,491		 Total Unrestricted
funds
2025
2024
£
£
21,862
694,706
80,991
93,214
102,853
787,920
-
93,214
12,000
-
19,591
-
45,900
-
3,500
-
80,991
93,214		 Total Unrestricted
funds
2025
2024
£
£
21,862
694,706
80,991
93,214
102,853
787,920
-
93,214
12,000
-
19,591
-
45,900
-
3,500
-
80,991
93,214
787,920
93,214
-
-
-
-
93,214

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Activities
Services from charitable activities 751,469 100,494
Other income 3,940 30,108
755,409 130,602

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

5 Charitable activities

Charitable
expenditure
1
Charitable
expenditure
1
2025
2024
£
£
Staff costs
706,758
255,303
Depreciation and impairment
4,864
1,841
Direct programme costs
170,908
33,423
Insurance
4,432
-
886,962
290,567
Share of support costs (see note 6)
101,321
75,397
Share of governance costs (see note 6)
2,880
2,400
991,163
368,364
Analysis by fund
Unrestricted funds
925,672
368,364
Restricted funds
65,491
-
991,163
368,364
6
Support costs allocated to activities
2025
2024
£
£
Business Development
23,401
816
Utilities and Facilities
3,780
8,577
Operating and Maintenance Expenses
11,651
29,689
General administration
54,040
30,506
Clothing costs
8,449
5,809
Governance costs
2,880
2,400
104,201
77,797
Analysed between:
Support costs
104,201
77,797
2025
2024
Governance costs comprise:
£
£
Accountancy fees
2,880
2,400
2,880
2,400		 Charitable
expenditure
1
Charitable
expenditure
1
2025
2024
£
£
Staff costs
706,758
255,303
Depreciation and impairment
4,864
1,841
Direct programme costs
170,908
33,423
Insurance
4,432
-
886,962
290,567
Share of support costs (see note 6)
101,321
75,397
Share of governance costs (see note 6)
2,880
2,400
991,163
368,364
Analysis by fund
Unrestricted funds
925,672
368,364
Restricted funds
65,491
-
991,163
368,364
6
Support costs allocated to activities
2025
2024
£
£
Business Development
23,401
816
Utilities and Facilities
3,780
8,577
Operating and Maintenance Expenses
11,651
29,689
General administration
54,040
30,506
Clothing costs
8,449
5,809
Governance costs
2,880
2,400
104,201
77,797
Analysed between:
Support costs
104,201
77,797
2025
2024
Governance costs comprise:
£
£
Accountancy fees
2,880
2,400
2,880
2,400		 Charitable
expenditure
1
Charitable
expenditure
1
2025
2024
£
£
Staff costs
706,758
255,303
Depreciation and impairment
4,864
1,841
Direct programme costs
170,908
33,423
Insurance
4,432
-
886,962
290,567
Share of support costs (see note 6)
101,321
75,397
Share of governance costs (see note 6)
2,880
2,400
991,163
368,364
Analysis by fund
Unrestricted funds
925,672
368,364
Restricted funds
65,491
-
991,163
368,364
6
Support costs allocated to activities
2025
2024
£
£
Business Development
23,401
816
Utilities and Facilities
3,780
8,577
Operating and Maintenance Expenses
11,651
29,689
General administration
54,040
30,506
Clothing costs
8,449
5,809
Governance costs
2,880
2,400
104,201
77,797
Analysed between:
Support costs
104,201
77,797
2025
2024
Governance costs comprise:
£
£
Accountancy fees
2,880
2,400
2,880
2,400
2025
£
706,758
4,864
170,908
4,432
886,962
101,321
2,880
991,163
925,672
65,491
991,163
2025
£
23,401
3,780
11,651
54,040
8,449
2,880
104,201
104,201
2025
£
2,880
2,880		 2024
£
255,303
1,841
33,423
-
290,567
75,397
2,400
368,364
368,364
-
368,364
2024
£
816
8,577
29,689
30,506
5,809
2,400
77,797
77,797
2024
£
2,400
2,400

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

7
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets
8
Trustees		 2025
£
2,880
4,864		 2024
£
2,400
1,841

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Expenses of £nil (2024: £nil) were reimbursed to the trustees during the year.

9 Employees

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
24
2025
£
620,875
62,466
23,417
706,758		 2024
Number
11
2024
£
227,109
19,025
9,169
255,303

In the prior year up until June 2024 staff costs were recharged by Durham Cricket CIC as staff were seconded to the charity. Since then the charity has setup its own payroll.

The number of employees whose annual remuneration was more than £60,000 is as follows:

2025 2024
Number Number
£60,001 - £70,000 - 1
£70,001 - £80,000 1 -

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Employees (Continued)
Remuneration of key management personnel
2025 2024
£ £
Aggregate compensation 85,579 69,160

9 Employees

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets

Cost
At 1 October 2024
Additions
At 30 September 2025
Depreciation and impairment
At 1 October 2024
Depreciation charged in the year
At 30 September 2025
Carrying amount
At 30 September 2025
At 30 September 2024
12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors		 Office Equipment
£
4,283
24,892
29,175
2,593
4,864
7,457
21,718
1,690
2025
2024
£
£
59,929
28,422
20
4,196
59,949
32,618		 Office Equipment
£
4,283
24,892
29,175
2,593
4,864
7,457
21,718
1,690
2025
2024
£
£
59,929
28,422
20
4,196
59,949
32,618
29,175
2,593
4,864
7,457
21,718
1,690
2024
£
28,422
4,196
32,618

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

13 Creditors: amounts falling due within one year

Other taxation and social security
Trade creditors
Accruals and deferred income
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
16,860
34,440
2,401
53,701
2025
£
23,417		 2024
£
12,091
8,082
6,021
26,194
2024
£
9,169

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement Movement in funds Movement in funds
in funds
Balance at Incoming
Balance at		 Incoming Resources Balance at
1 October 2023 resources 1 October 2024 resources expended 30 September
2025
£ £ £ £ £ £
Active Ageing Programme - - - 19,591 (19,591) -
Active Minds & Active
Bodies - - - 45,900 (45,900) -
Liontrust 634 - 634 - - 634
634 - 634 65,491 (65,491) 634

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

Liontrust :

Funding specifically for the Kenya Volunteer project, Let’s Be Women North East and various school engagement programmes.

Active Minds & Active Bodies:

Funding received from Community Foundation and National Lottery for the delivery of Active Bodies / Active Minds project which supports vulnerable and at-risk older people in Chester le Street.

Active Ageing Programme:

Funding received from Karbon Homes and FAF for the delivery of the active aging programme.

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
General funds
Previous year:
At 1
Capital reserve
Contingency fund
General funds		 October
2024
Incoming
resources
Resources
expended
Transfers
At 30
September
2025
£
£
£
£
£
550,748
792,771
(925,672)
-
417,847
October
2023
Incoming
resources
Resources
expended
Transfers
At 30
September
2024
£
£
£
£
£
5,000
-
-
(5,000)
-
15,000
-
-
(15,000)
-
(19,410)
918,522
(368,364)
20,000
550,748
590
918,522
(368,364)
-
550,748		 October
2024
Incoming
resources
Resources
expended
Transfers
At 30
September
2025
£
£
£
£
£
550,748
792,771
(925,672)
-
417,847
October
2023
Incoming
resources
Resources
expended
Transfers
At 30
September
2024
£
£
£
£
£
5,000
-
-
(5,000)
-
15,000
-
-
(15,000)
-
(19,410)
918,522
(368,364)
20,000
550,748
590
918,522
(368,364)
-
550,748
550,748

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

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 30 September 2025:
Tangible assets
21,718
-
Current assets/(liabilities)
396,129
634
417,847
634		 Total
2025
£
21,718
396,763
418,481

DURHAM COUNTY CRICKET FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

17 Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 September 2024:
Tangible assets 1,690 - 1,690
Current assets/(liabilities) 549,058 634 549,692
550,748 634 551,382

18 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

19 Related party transactions

Remuneration of key management personnel

2025 2024
£ £
Aggregate compensation 85,579 69,160

Durham Cricket CIC supplied staffing and other services to Durham County Cricket Foundation to the value of £64,187 (2024: £41,859) during the year, of which £5,415 (2024: £nil) remained outstanding at the end of the year.

Durham County Cricket Foundation supplied staffing and other services to Durham Cricket CIC to the value of £16,616 (2024: £5,363) during the year, of which £8,571 (2024: £nil) remained outstanding at the end of 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.