**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:
- 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);
- 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;
- To advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity;
- 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:
- Education and Training
- Health and Wellbeing
- 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.
## **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.
- 1 -
## **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
- Our street cricket hubs
- Our Wicketz Programme
- Our disability hubs
- Our Visually Impaired cricket team
- Our Walking cricket hubs
- Our craft classes
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 Foundation’s risk profile and income stability
- Forecasted expenditure and cash flow requirements
- Existing financial commitments
- Future strategic plans
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).
- 2 -
## **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:
- A regular review of the risks the charity may face
- The establishment of systems and procedures to mitigate those risks identified in the review
- 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.
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.
- 3 -
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity 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 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
- 4 -
## **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:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
- 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 Companies Act 2006 other than any requirement that the financial statements 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 financial statements 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 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
- 5 -
## **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.
- 6 -
## **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|
- 7 -
## **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**
- 8 -
## **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|
|---|---|---|---|
- 9 -
## **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:
- Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Designated funds – those unrestricted funds allocated for a specific project or purpose by the trustees.
- 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.
## **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.
- 10 -
## **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.
- 11 -
## **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.
- 12 -
## **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|
- 13 -
## **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|
- 14 -
## **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|-|
- 15 -
## **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|
- 16 -
## **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.
- 17 -
## **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|
- 18 -
## **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.
- 19 -