Charlty rngl8tratlon number 1130878 Company registration number 069346701England and Wales) THE YORKSHIRE CRICKET FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 •AEEBICt4T* 3011012025 ". COMPANIES HOUSE A11 #272 THE YORKSHIRE CRICKET FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Trustees J Jackson J Clarke J Ellison S Hartley A J Birkinshaw R L Burton I Cotterhill PA Malik V Rehal {Appointed 14 May 2024) (Appointed 14 May 2024) (Appointed 1 July 2025) {Appoinled 1 July 2025) (Appointed 1 July 2025) (Appointed 1 July 2025) (Appointed 1 July 2025> Charity number 1130878 Company numb•r 06934670 (Limited by Guarantee) Registsred office The Camegie Pavilion Emerald Headingley Cricket Ground Kirkstall Lane Leeds LS6 3DP Auditor Azets Audit Services Limited 12 King Slieel Leeds LS12HL Bankers HSBC PIC Clty Branch 33 Park Row Leeds LS1 1LD THE YORKSHIRE CRICKET FOUNDATION CONTENTS P•g• Trustees. report Statement of Trustees, responsibilities Independent auditofs report Statement of financlal activities Bal8n¢e sheet 10 Statement of cash flows 11 Notes to the financial statements 12-24 THE YORKSHIRE CRICKET FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE PERIOD ENDED 31 JANUARY 2025 The Trustees present their report and the audited financial statements of the Yorkshire Cricket Foundation rthe Charitable Company,) for the period ended 31 January 2025. The financial statements have been prepared in accordance with the a¢¢ounling policies set out in Notes 1 and 2 to the accounts and comply with the Charitable Company's Trust Deed and all applicable legislation and guidance. The finanual slatemenls Comply with Ihe Charities Acl 2011. the Companies Act 2006, the Articles of Association and Accounting and Reporting by Charities Stalemenl of Recommended Practice, applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102). Structure. Governance and Managemenl J Jackson J Clarke J Ellison S Hartley S Pascoe S Walton T C D GTey-Thompson A Bashir R P Hodson V Arthur A J Birkinshaw R L Burton I Cotterhill PA Malik V Rehal (Appointed 14 May 2024) (Appoinled 14 May 2024) (Resigned 25 April 2024) (Resigned 7 November 2024) (Resigned 25 April 2024) (Resigned 25 October 2023> (Appointed 25 April 2025 and Tesigned 1 July 2025) (Resigned 17 September 2024) (Appointed 1 July 2025} (Appointed 1 July 2025) {Appointed 1 July 2025) {Appoinled 1 July 2025) (Appointed 1 July 2025) Goveming Document The Charity is structured as a charitable trust governed by a Trust Deed dated 29 May 2009 and subsequently amended on various occasions, most recently July 2025.. it is a Charity registered by the Chaflty Commission, number 1130878, operaling Irom the registered office shown above. The Yorkshire Cricket Foundation is a company limiled by guarantee and is governed by its own Memorandum and Articles ofAsso¢ialion which were signed on 23 July 2009. Gov&mance and Management The Charitable Company is governed by the Trustees who hold regular meeting8. Decision8 are taken at meetings when a quorum is present {as laid out in the governing document) and in the period in question all ffeetings were quorate. Decisions may also be taken without a meeting on a unanimous basis through written resolution or other communication belween the Trustees. The day-t041ay management of the affairs of the Charitable Company is delegaled to the professional stsff of the Charitable Company. THE YORKSHIRE CRICKET FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Appointment and govemance principles of Trustees The Charitable Company may appoint new or additional Truslees by resolution at a properly constituted meeting and subject to appropriate checks having been undertaken. The Trustees who have sepied during the year are set out on page 1. AII Twstees give of their time freely and no Trustee may receive any remuneration or other benefit in money or money's worth from the Charity, although there is provision for some expenses to be daimed in line with the expenses policy. On appointment, all new Trustees receive information and Iraining as appropriate lo ensure that Ihey are familiar with all aspecls of the Charity including its finances and objectives. The Trustees have regard to Ihe prlnciples of Ihe Charlty Govemance Code and applied these to the operation ol the Charitable Company throughout the period. A maximum of 12 Trustees may be appointed, with not more than two being. directors or officers of the Yorkshire County Cricket Club. Trustees shall serve for a thre&year term and may seNe for a maximum of Ihree tem)s excepi in exceptlonal circumstances, where Trustees must be reappointed on an annual basis. The Trustees shall appoint on8 of themselves to be Chair. The Chair shall hold office until they shall cease to be a Trustee or for such shorter period as Ihe Trustees may decide. PUry￿Se and Objectives The purpose of the Charitable Company. as per its Constltution, is for the promotlon of community participation in healthy recreation, by the provision of facilitie5 for the playing of cricket. The Yorkshire Cricket Foundation is the official Charity and community arm of Yorkshire County Cricket Club. and works with local partners ts Iran$fomi the lives of people in our region for the better, through the power of cricket. The Charitable Company has delivered against this purpose in a number of ways, some of which are referred to briefly in this report bul which are laid out in full in the Annual Report 23124 posted on the Foundation website. Remuneralion Policy Remuneration ol lh• employees 1$ determined by the Board of Trustee8, The pay structure for all employees and the level of any annual cost of living increase, takes inlo account appropriate benchmarks and prevaling inflation rates. Achlevements and perfom)ance Financial review During the period. the Charitable Company received income of £575,307. Total expendilure was £693.085, resulting in a net surplus of £16,858. Al the period end 31 January 2025. the Charitable Company held Unrestr￿ted funds balance of £87.662, and restricted funds balance of £111,112 as sel out in Notes 18 and 19. The Charitable Company works with a number of key stakeholders who provide core restricted funding.. these include Ihe ECB and the Lord's Tavemers. Pmmoting participation and inclusion The following are examples of activity that fulfils the purpose and delivers on the objectives of Ihe Charitable Company. More Ihan 36.000 participants look part in more than 40 projects. Further details and other activities are available in the Annual Report, The ACE Pmgrnmme The ACE Pro9ramme was designed to engage young people of African and Caribbean heritage, launching a talent search lo identify promisin9 players. It aims lo inspire the wider game to support reconnecting the Black community with cricket. In 2024, ACE operated in fiv8 primary schools, one secondary school, one community hub, one development academy and one development hub. These locations provide essential training, mentorship, and opportunities for young uicketers. THE YORKSHIRE CRICKET FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Walking Cricket A modified version of the traditional game. designed to be accessible for older adults or those with reduced mobility, Walking Cricket was launched in 2019 through a partnership belween the yorkshi￿ Cricket Foundalion and the University of the Third Agè. In 2024 Yorkshire took part in the MC'C Walking Cricket Competition at the iconic Lord's Cricket Ground, joining leams from across the country for a three4ay indoor tournament. The Yorkshire Walking Cricket Festival was held at Park Avenue Bradford in the new ECB Domes. The event welcomed eight teams and 64 players from across the county for a full day of frlendly competltion. The Wcketz Prograrnme This is a nationally funded initiative by The Lord's Tavemers. delivered by YCF across Leeds, Bradford, and Hull. Designed to engage young people aged 8-19, particularly those Irom areas of deprivation or underrepresented communities, Wicketz provides free, year.round crlcket sesslons while addressing wider Social issues Ihrough targeted workshops and life skills training. In 2024. Hull participants joined the Scarborough Beach Festival, combining crickel on the beach with a visit to professional match many for the first tirne. Additionally. the Glrls Wicketz Feslival at Headingley in May brought Hull. Leeds, and Bradlord hubs together for a day of cricket and a full stadium loui. Cardio Cricket Cardio Cricket is an inclusive initiative designed to encourage Soulh Asian females. particularly those who wouldn't typically engage in sport, lo gel actlve through crickel-inspired fitness. In 2024 this led to the Cardio Cricket Feslival al Park Avenue Bradford, bringing together women and girls from all the hubs in Leeds and Bradford tjr a day of indoor soflball cricket and celebration. This activity is one of many that benefi1$ from the support of the Keith Howard Foundalion. CiitrKit The Cric-kit recycling programme aims to create awarene55 and a culture whereby donatlng, Tecyding and reusing sports Clothing 1$ done more frequently lo help break down barriers in communities to participation. Local CricthKit Hubs have further strengthened impact Ihrough dedicated donation hubs across Yorkshire, ensuring a convenient and structured way for individuals to conlribule or receive equipment. Located in Headingley, Bradford and SheiTield, thèse hubs are collection polnts for cricket dothing and gear redistribulion. Cric-Kil has made it easier lor players of all ages to access the necessary equipment, promoting inclusivity and suslainablllty- Flnanclal poli¢les Risk management The Trustees have, withln the period under review, assessed the risks that the Charitable Company faced. including some uncertainties as lo the level of income. and look action where appropriate to minimise those risks. This induded, for example, reducing fixed costs where appropriate and appointing a SafeguaTding lead Tru51ee. The Board has established a Finance, Audil and Risk sU￿cOmmIttee and this will conlinue to monitor and re-consider the risks the Charitable Company is exposed to during the corning period, reportin9 to the Board on a regular basis, as doe5 the Safeguardinglgad. Going concem After due consideration and review. the Truslees have a reasonable expectation that the Chafilable Company has adequate resources to conlir)ue in operalional existence for the foreseeable future. For this rea50n. Ihey Continue to adopt the going concern basis in Preparing the financial statements. THE YORKSHIRE CRICKET FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Res&Thes policy The Trustees reco9nise that the Charrtable Company needs to build an appropriale level of unrestricted reserves in order to meel unfO￿$een adverse financial circumstances. The Trustees will therefore take this into account when the Charitable Company approves its annual budget lo ensure that adequate reserves ale set aside over forthcoming financial periods, commensurate with its projected level of financial activity- The Trustees consider free reserves to be those assets that could be converted into cash in the short term should the need arise (net current assets). Free reser4es al the period end were £198.773. Plans for future periods The Trustees are pleased to report that the direction. prospeds and impact of the Yorkshire Crickel Foundation IYCF) is continuing lo strengthen and grow. This is driven by several key events that have happened since January 2025. Most notably, the merger of the Yorkshire Cricket Foundation wilh the Yorkshire Cricket Board (YC8) on 1 Juty 2025. This has created a unified organisation overseeing both community cricket programme$ and club cricket across Yorkshire. This integration enables a holistic support structure Ihal spans from primary schcols and junior clubs to senior groups and walking cricket. The newly merged entity i$18d by a Board of Trusteeg, comprising Some of th8 pre-8xlstlng YCF Trustees and YCB Directors. This diverse board brings a wealth of experlence and expèrtise Irom both the Charity and cricket Sectors, offering strategic and operational guidance. Additionally, Ihe appointment of a new Managing Director introduces focused leadership and day-IoThday managefflenl. Their role Is pivolal in guiding slaff, implementing stralegi¢ goals, and ensuring ihe smooth operation of cricket iniliatives across the county. Auditor In accordance with the charitable compan￿$ articles, a resolution proposing thal Azels Audit SeNices Limited be reappointèd as auditor of the charitable company will be put at a G8neTal Meeting. Post balance sheet events Subsequent to the period end. on 1 July 2025 the Irade and assets of The Yorkshire Cricket Board, a company limited by guarantee, was donated lo the Charitable Company thereby merging the entities. Dlsclosuro of Inforniatlon to •udllor The Trustees who held office al the date of approval of Ihis Trustees, report confirm that, so lar as they are eachaware, there is no relevant audit infomiation of which the Charrtable Company's auditor is unaware. The Trustees have laken all Ihe steps they ought lo have taken to make themselves aware of any relevant audit information and to establish that the Charilable Company's auditor is aware of that information, The Trustees, report was approved by the Board of Twslees. J Jackson Deputy Chair of the Board of Trustees 2811012025 Date= THE YORKSHIRE CRICKET FOUNDATION STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE PERIOD ENDED 31 JANUARY 2025 The Trustees. who are also the direclors of The Yorkshire Cricket Foundation for the purpose of ¢ompany law, are responsible for prepaiing the Trustees, Report and Ihe 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 Period which give a true and fair view of the stale of affairs of the Charitable Company and of the incoming resources and application of resources, including the income and expenditure. of the charilable company for that Period. In preparing these financial statements. the Trustees are required to= seled suitable accounting policies and then apply them consistently., observe the methods and principles in Ihe Chaiilies SORP., make judgements and estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements-. and prepare the financial stalemenls on the going concern basis unless it 1$ inappropriate to presume Ihat the Charilable Company wlll continue In operation. The Trustee5 are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for laking reasonable steps for the prevention and deteclion of fraud and other irregularities. THE YORKSHIRE CRICKET FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE YORKSHIRE CRICKET FOUNDATION Opinion We have audited the financial statements of The Yorkshire Cricket Foundation {Ihe 'Charitable Comkwny,) for the Period ended 31 January 2025 which Comprise the statement of financial activities, the balance sheet. the statement ol cash flows and noles to the financial statements, including significant aco?unling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting PractiGe>. In our opinion, the financial statements.. give a Irue and fair view of the state of the charitable company's affairs as at 31 January 2025 and of its incoming resources and application of resources. for the Period then ended: have been properly prepared in accordance with United Kingdom Generally Accepted A¢¢ounting Practio., and have been prepared in accordance wllh the requirements of the Companies Act 2006. Basis for opinlon We conducled our audit in accordance wilh International Standards on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditots r8sponsibilities for Ihe audit ol the financial slalements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audil of the financial stalemenls in the UK, induding th6 FRC'S Ethical Standard. and we have fulfilled our olher ethi￿1 responsibilrties in accordance wilh Ihese requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Con¢lu$ion8 relatlng to golng ¢on¢•rn In auditing the financial statements, we have concluded that Ihe Trustees, use of the golng concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainlies relating to events or condilions that, individually or collectively, may cast significant doubl on the Charitable Company's ability to Continue as a going concern for a peTlod of at least twelve months from when Ihe financial stalemenls are authorised for issue. Our responsibilities and the responsibilities of the Trustees with re$ped to going concern a￿ described in the relevant sections of this report. Other Infom)atlon The other infomiation comprises the information included in the anr)ual report other than the fina￿la1 statements and our audilorfs report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do nol express any lorm of assurance conclusion thereon. Our responsibillty 1$ to read the other information and, in doing so, consider whelher the other informalion is malerially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are required to determine whether this gives rise to a material misstatement in the financial statements Ihem5elves. If, based on the work we have performed, we Conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matter5 on which we are roquired to report by exception We have nothing to report in respect of Ihe following matters in ielalion to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion= the information given in Ihe financial statements is inconsislent in any material respect with the Trustee5' report,. or sufficient accounting records have not been kept,. or the financial slalemenls are not in a9reemenl with the accounting records; or we have not received all the information and explanations we require for our audrt. THE YORKSHIRE CRICKET FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE YORKSHIRE CRICKET FOUNDATION Responsibilities of Trustees As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the Charitsble Company for the purpose of company law. are responsible for the preparation of the financial stalements and for being satisfied that they give a true and fair view. and for such intemal control as the Tnjslees detem)ine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or èrror. In preparing the financial slalemenls, the Trustees are responsible for assessing the Chanlable Company's ability to continue as a going concem, disclosing, as applicable, matters related lo going concern and using the going concern basis of accounting unless the Trustees elther Intend to liquidale the charitable company or to cease operations. or have no realistic alt8mative but to do so. Auditorfs responsibilities for the audit of tho financial statements We have been appointed as audilor under section 144 of Ihe Charltie$ Ad 2011 and report In accordance wlth the Act and relevant regulalions made or having 8ffecl Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level of as5UTance but 15 not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect a malerial misstalemenl when it exists. Misslatements Can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of useTS taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Councll's w•bsil• al.. https:11 wvM.fr¢.org.uklauditorsresponsibilities. This de$¢riplion fom$ part of our audito¢s report. Extsnt to which the audit was considered capable of detecting irregularities, including fraud Irregularities, in¢luding fraud, are instances of non-compliance with laws and regulations. We design procedures in line wilh our responsibilities, outlined above and on the Financial Reporting Council's website. to detect material misslalements in iespect of iTregularilies, including fraud. We obtain and update our underslanding ol Ihe enlity, its activities, ils control environment, and Ilkely fulure developments. including in relation lo the legal and regulatory framework applicable and how the entty is complying with that framework. Based on this understanding, we identify and assess Ihe risks of material misstalement of the financial slalements, whether due to Iraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence Ihat is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity thal were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularilies and non-compliance with laws and regulalions, including fraud, we designed procedures which included- Enquiry of management and those charged with govemance around actual and potential lrtigation and aims as well as actual. suspected and alleged fraud; Reviewing minutes of meetings of those charged wrth governance.. Assessing the exter)l of compliance with the laws and regulation5 considered to have a direct material effect on Ihe financial statements or the operations ol the enlily Ihrough enquiry and inspection.. Reviewing financial statement di$dosures and t•sting to supporting documentation to assess compliance with applicab18 laws and regulations: and Perfomiing audit work over the risk of management bias and overrid8 of controls, including testing of journal entries and other adjustments for approprialeness, evaluating the business rationale of significant transactions outside the nomial course of business and reviewing accounling estimates for indicators of potential bias. Because of the inherent Ilrnllallons of an audit, there 1$ a risk that we will not detect all irregularilies. induding those leading lo a malerial misstatement in the financial statements or non-compliance with regulation. Thi5 risk increases the more that compliance with a law or iegulation is removed from the events and transactions reflected in the financial statements, as we will be less likety to become aware of instances of noTrcompliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion. forgery, intenlional omissions, misrepresentations, or Ihe override of internal control. THE YORKSHIRE CRICKET FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE YORKSHIRE CRICKET FOUNDATION Oplnlon• on other matters pr•$¢rlbed by tho Companlos Act 2006 In our opinion, based on the work undertaken in the Course of our audit.. the information given in the Trustee's report for the financial period for which the financial statements are prepared is consistent with the financial statements.. and the Tru5tees' report have been prepared in accordance with the applicable legal requirements. Use of our report This report is made solely to the charilable companies's Irustees, as a body, In accordance wlth Part 4 of the Charities {A¢¢ounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charrtable company's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To Ihe fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report. or lor the opinions we have formed. Jessica L•wrence {Senlor Statutory Audltorl For and on behalf of Azots Audit Services Limited. Statutory Audltor Accountants 12 King Street Leeds LS12HL Date.. 2811012025 THE YORKSHIRE CRICKET FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 JANUARY2025 Unrestrlcted Restrlcted fundg funds Period Period ended 31 ended 31 January January 2025 2025 Total Total Perfod ended 31 January 2025 Year ended 31 August 2023 Not•3 Donats'ons and legacies Charitable activilies 109.339 95,131 109.339 465.968 199,029 630,278 370,837 Total Incom• 204,470 370,837 575.307 829,307 Charitable activities 291,250 401.835 693.085 872,896 N•t outgolng r•8our¢•• b•for• wrft••off {86,780) (30.998) <117.778> (43,589) Amounts written-off 134.638 134.636 Net mov•m•nt In fund• 47,856 (30,9981 16,858 (43,589) Fund balances at 1 September 2023 39,806 142,110 181,916 225,505 Fund balances at 31 January 202S 87.662 111.112 198,774 181,916 The stalement of financial actlvliles includes all gains and losses recognised in the Period. The stalement of financial activities include5 all gains and losses recognised In the Perlod. All Income and expenditure derive from continuing activities. The statement of financial a¢livilies also complies wilh the requirements for an income and expenditure account under the Companies Act 2006. The notes on pages 12 10 24 form part of these financial slalements. THE YORKSHIRE CRICKET FOUNDATION BALANCE SHEET AS AT31 JANUARY2025 17 month period ended 31 J•nu•ry 2025 Year ended 31 August 2023 Notes Flxed assets Inveslmenls 12 Current assets Debtors Cash at bank and In hand 14 13.824 221,217 208,364 178,569 235,041 386,933 Creditors.. amounts f•lllng due within on• year 16 (36.268) (205,018) Net Current assels 198,773 181,915 Totsl a88ets less curr•nt Ilabllltles 198,774 181,918 Income fund$ Restricted funds Unrestricted funds 111,112 87,662 142,110 39,806 198,774 181,916 The directors acknowledge their responsibilitles for complylng wlth the requirements of the Companies Act 2006 with respect to accounling records and the preparats'on of financial 51atement$. 2811012025 The financial slatemenls were approved by the Trustees on J Jackson Deputy Chalr of the Board of Tru8t••s Company registratlon number 06934670 10- THE YORKSHIRE CRICKET FOUNDATION STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 JANUARY 2025 17 month period ended 31 January 2025 Year ended 31 August 2023 Not08 Cash flows from operatlng actlvltlès Cash generated froml(absorbed by) operations 23 42,648 (135,919) Not Increa801{decrnag0) In cash and ca•h equivalents 42.648 (135,919) Cash and cash equivalents at beginning of Period 178,569 314.488 Cash and cash equlval•nt• at •nd of Porlod 221,217 178.569 11 THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JANUARY 2025 Accounting pollcles Charity inforniation The Yorkshire Cricket Foundation is a Company Limiled by Guarantee and is also a registered charity. The registered Off1r￿ 15 The Carnegie Pavilion, Headingley Cricket Ground. Kirkstall Lane, Leeds. LS6 3DP. The registered charity number is 1130878 and ils company number is 06934670. Each member of the company has undertaken to contribute such amount as may be required not exceeding £110 the assets of the Charitable Company in the event of ils being wound up while he or she is a member, or within one year after he or she ceases lo be 3 member. 1.1 Reportlng period The charitable company has presented the figures within the accounts for an extended period of the 17 month period to 31 January 2025 to move Ihe year end I￿lIne with the England and Wales Cricket Board. Therefore. the comparative amounts presented in the financial slalemenls {including the related notes) are not entirely comparable. 1.2 Accountlng ¢onv•ntlon The financial statements have been prepared in accordance with the Charitable Company's Memorandum, the Companies Act 2006, FRS 102 'The Financial Reporting Slandard applicable in the UK ar)d Republic of Ireland. {"FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Slatemenl ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {effectiv8 1 January 2019), The Charilable Company is a Public Benefil Entity as defined by FRS 102. Under section 100 of the Co-operativg and Communily Benefit Societies Act 2014 (the Act), none of The Yorkshire County Cricket Club's fixed asset Investments meet the definilion of a subsidiary. The Act only requires a consolidation to be prepared where investments meet the definition of a subsidiary, and under FRS 102 an entity is exempt from preparing consolidaled financial statements if not required by the applicable statutory framework (in this case, the Act). As such, The Yorkshire Cricket Foundiation has not been included within consolidation ol The Yorkshire County Crickel Club's financial statements. The financial slalements are prepared in sterling, which is the fiJn¢lional currency of the Charitable Company. Monetary amounts in these financial slatem8nls are rounded lo the nearest £1. The financial statements hav8 been prepared under the historical cost convention, modified to include certaln financial instruments at fair value. The principal accounting policies adopted are set out below. 1.3 Golnq concem The results for the period Show Ihe Charitable Company made a surplus of £16,858 and the Balance Sheet has a net funds position of £198.774, of which £111,112 is restricted. The Charitable Company Continues lo make conlributions to the public through ils activities and Ihe services it provides are valued by the local communiiy and Yorkshire County Cricket Club ('Ihe Club"). At the time of approving Ihe financial statements, the Iruslees have a reasonable expectation that the charity has adequate resour¢es to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of a¢￿untIng in preparing the financial statements. 1.4 Charitable funds Unrestricted funds are incoming recourses received that are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Cornpany and which have not been designated for other proposes, Reslricted funds are to be used for a specific purpose laid down by the donor. Expenditure that meets these ¢riteria'is identffied to the fund. together with a relevant allocation of overheads and support Costs. 12- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Accounting policles Iconllnued) 1.S Incomo Donatlon and non perfomian¢e grants and legacies are included in full upon entillemenl. Revenue grants are credited as income when they are recèivable. provided wnditions for receipt have been complied with, unless they relate to a specified future period. in which case Ihey aredeferred. Educational initiative income is recognised once received or if, before re¢eipi. there is sufficient evidence to provide the necessary certainly that the income will be received and Ihe value of the incorning resources can be measured with sufficient reliability. Grants for the purchase of fixed assets are credited to restricted income when conditions for reoeipi have been complied with. Direct charitable Income represents invoiced sales ol goods and services. Income is recognised when goods or services are delivered. Income from a$$ociated undertakin9S is tr•at•d as a donation in the Foundation's a¢￿￿nIS when receipt is deemed probable and the amount Can be measured reliably. Income is deferred.. where the charitable company has to fulfil conditions before becoming entitled to it. where the income is received specifically for expendituie in a future accounting period. or where donations. sponsorship and grants are received in anticipalion of an event to be held in a future accounting period. 1.6 Expenditurn Expendilure. which is charged on an accruals basis. indudes the dired cost of the activilies. Where costs relate lo more than one calegory, they have been Split based on the percentage of income arising from that category. 1.7 Fixed asset Inv•stments Assets held for investment purposes are valued al cost at the Balance Sheel dale. 1.8 Cash and Cash equlvalents Cash and cash equivalenls include cash in hand, deposits held al call with banks, other short-lem liquid investments with onginal maturities of three Months or less. 1.9 Flnanclal Instruments The Charitable Company has elected to apply th8 provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 '01her FinanGial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the Charitable Company's balance sheet when the Charitable Company becomes paty lo Ihe conlraclual provisions of the instrument. Financial assets and liabilities are offset. wrth Ihe net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounls and there is an intention lo settle on a net basis or to realise the assel and settle the liability simultaneously. Baslc flnanclal a$$•t$ 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 ihe 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 a55ets elassified as receivable within one year are not amortised. 13- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 Ac¢ounting pollcles (Continued) Baslc financial liabilities Basic financial liabilities, Including creditors and bank loans are initially recognlsed at transaction price unless the arrangement conslilLJles 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 ¢lassified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective Interest rale method. Trade ueditors are obligations to pay for goods or seplices 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. 11 not, they are presented as non-currenl Ilabilities. Trade creditors are recognised inltlally at transaction price and subsequently measured al amortised cost using Ihe effeclive interest melhod. D•recognltlon of Ilnanclal Ilabilllle$ Financial liabilities are derecognised when the Charitable Company'8 contractual obligatlons •xplr• or are discharged or cancelled. 1.10 T8xation The Yorkshlre Cricket Foundalion is considered to pa5S the tests set out in Paragraph 1 Schedule 6 Flnance Act 2010 and Iherefore il meets the definition of a Charitable Company for UK corporalion lax purposes. Accordingly, the Charitable Company is potentially exempt from taxalion in ￿SPeCt of income or capital gains received within calegorles covered by Chapier 3 Part 11 Corporatlon Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable Gains Act 1992, to the extent that such irbcome or gains are applied exclusively to charitable purposes. 1.11 Employee beneflts The costs of the short-lerm employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period. 1.12 Allocatlon of support ¢08ts Support costs are those functions that assist Ihe work of the Charitable Company but do nol dlrect undertake charitable activities. Support costs indude ba¢k•offi¢e costs. finance. personnel, payroll and governance cos1$ which support the Trust's adivilies. These costs have been allocated between the adivty headin9S. 1.13 Retirement benefits The Charitable Company contributes to defined contribution penslon arrangements on behalf of ils employees. Amounts due are recognised in the statement of financial activities in the pèriod to which the contribution relates. Critical accounting estimatos and judgements In the appli¢alion of the Charitable Company'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 ihat are considered lo be relevanl. Actual resulls may differ from Ihese e5tim8les. The estimates and underfying assumptions are ieviewed on an ongoing basis. Revisions to accountiTrg estimates are recognised in the period in which the estimate is revised, if the revision affects onty that period. or in Ihe period ol the revision and future periods if Ihe revision affects bolh current and future periods. The Trustees consider that there are no key estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities. 14- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUAR Y 2025 Income from donatlons and legacies Unrnstrlctsd Unrestrlct•d funds funds 17 month Year ended 31 period ended August 2023 31 January 2025 Donatlons and gifts 109,339 199,029 Charftabl• a¢tlvltles CharStable Charltabl• In¢om• Incom• 17 month Year endèd period 31 August •nded 31 2023 January 2025 Educational Initiatives Grants 53,023 412.945 242,680 387,598 465,968 630,278 Analy818 by lund Unrestricted funds Restricted funds 95.131 370.837 372.725 257.553 465,968 630.278 15- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Charitable actlvltle$ Charitable Charitable Expenditure Expenditure 17 month Year ended perlod 31 Au9USt ended 31 2023 January 2025 Provision and promotion of lacilities Educalion- young people Educatlon- history and heritage 115,124 14,036 15.159 92,073 98,650 82,827 144,319 273.550 Share of support costs (see note 7) 548,766 599,346 693.085 872,896 Analy818 by lund Unreslricled funds Restricted lunds 291.250 401,835 603.042 269,854 693,085 872,896 Amount wr5tten.off During the pèriod, the Charitable Company Iransfefred the trade and assets of its associated undertakings Pro Coach Yorkshire Cricket Ltd and Pro Coach Education Ltd, ¢olleclively referred to as "Pro Coach" The trade was transferred to Yorkshire Cricket Coaching Limtted. a wholly owned subsidiary of The Yorkshire County Cricket Club {"the Club"). Upon completion of the transaction, the Charitable Company wrote off debts payable to the Club and Pro Coach amounting to £134,636 by virtue of a tripartite agreement. 16- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 Support costs Provlslon Education: Education: and young history & promotion of people heritsge fa¢iliti•• 17 month Year ended period 31 August ènded 31 2023 January 2025 Payroll and office support costs Olhei costs Promotional material Insurance 471.885 22,020 117 26,143 1.223 26,143 1,223 524,171 24,466 129 572,790 15,468 6,312 4,776 494,022 27,372 27,372 548,766 599,348 Payroll and office support costs includes £477,704 (2023.. £545,685> in respect of staff costs (note 9). These costs have been allocated on an èqual basis over each of the aciiviiies of the Charitable Company in prior periods. However, during the period this allocation has been reassessed glven Ihe reduction in income from Educational Inilialives following ihe conclusion of the relaled ¢onlrad. Therefore, support costs are now split 90.5.5 for 'Provi$ion and promotion of facililies., 'Education'. young people, and 'Education: history & heritag8' respectivety. Net movement In funds 17 month Year ended 31 perlod ended August 2023 31 January 2025 The nel movement In lunds is stated after chargingl(crediting)'. Fees payable for the audit of Ihe charitable company's financial statements 10,945 9,590 Tru8t••s The board of Truslees of the Charitable Company a￿ also the Directors under company law and senior leadership team are the key management personnel. The Trustees were relmbursed expenses of £140 during the period {2023.. £42). 17- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 10 Employees The average monthly number of employees during the Period was- 17 monlhyear ended 31 perlod onded August 2023 31 January 2025 Number Number 29 33 Employment c¢Mts 17 monthyear ended 31 perlod èndèd August 2023 31 January 2026 Wages and salaries Social secuTlty cosls Olher pension costs 417,285 33,729 26,690 521,516 44,597 25,450 477,704 591,563 The lolal remuneration of key management personnel. including employers pension and national insurance contribution$ for Ihe period totalled £167,079 - 5 employees (2023.. £223,845 - 6 employees). Included in this amount is £14,095 paid to a Trustee during the period in thelr capacity as interim acting ex¢e¢ulive director. The number of employees whose annual remuneration was more than £60.000 Is as follows- 17 monthyear ended 31 p•rlod ended August 2023 31 January 2025 Number Numb•r £60,001 to £70,¢)00 11 Taxatlon The charitable company is exempt from taxation on its activities because all its income is applied for charitable purposes. 18- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 12 Fixed a8•et investments Investment in associated undortakings Cost or valuation At 1 September 2023 & 31 January 2025 Cafrylng amount At 31 January 2025 At 31 August 2023 13 Associates These financlal statements are separate Charitable Company financial stalemenls for 31 January 2025. Details of the Charitable Company's associates at 31 January 2025 are as lollows.. Name of undertaking Registered Nature of busln•s$ office Class of Shares h•ld Dlr•ct Indlr•¢t Pro Coach Yorkshir• Cricket Carnegie Ltd Pavilion, Kirkstall Lane, Leeds, LS6 38U Sl Michaels Lane. Leeds, LS6 38R Park Avenue Bradford Ltd Carnegie Chairtable company involved NIA Pavilion. in promolion of cricket within Kirkslall Lane. the community Leeds, LS6 30P Provision of professlonal cricket coaching Ordlnary 50.00 Pro Coach Education Ltd Sports hollday cours88 Ordinary 50.00 33.00 14 Debtors 17 month Y•ar •nd•d 31 perlod ended August 2023 31 January 2025 Amounts falling due within one year: Trade debtois Prepayments and accrued income 7.390 6.434 58.196 150.168 13.824 208.364 19- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 15 Cr•dltOTS: amounts falllng due wlthln one year 17 month Yearended 31 perlod endod August 2023 31 January 2026 Notes Olher taxallon and social security Deferred Income Trade creditors Other creditors Accruals and deferred Income 4,578 9,254 8,882 43,240 111,264 32,378 16 10,793 1,527 19,370 36.268 205.018 16 Deferred Incom• Deferred incom8 is included in Ihe finandal statements as follows.. 17 month Year ended 31 period ended Augu8t 2023 31 January 2025 Deferred income is included within: Current ￿abilItieS 8.882 Brought fopNard Released from previous periods Deferred in the Period 8,882 {8,882) 1,294 {1,294} 8,822 Carried forward 8,822 17 Retir•m•nt benefft sch•m Defined contributlon schemes The Charitable Company operated a defined contribution pension scheme during the period. Under this scheme, the Charitable Company conlributed 60/9 of basic salary into Ihe scheme. There were 12 employees enrolled in the scheme al the period-end (2023.. 13). The total employer contributions during the period amounted to £26.690 (2023.. £25.450). The total pension creditor at 31 January 2025, including both employee8 and employers pension contributions, was £3,279 (2023.. £1,527). This has been settled post year-end. -20- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 18 R•$trl¢led lund$ The income funds ol the charitable company Include restrlcted funds comprlsing the following unexpended balances of donations and grants held on trust for specific purposes.. Movement In funds InGorn• Exyndltur• Movement In funds In¢om• Exp•ndllur• Balanco at 1 S•ptwnbgr 2022 8*l*ne• It 1 soplemb•r 2023 B•l*fteo •t 31 J•nuory. 2025 M Bather Legacy Funds Charitable Youth Tryst- Enloy Cricket Kevin Amilage Scholar8hlp FuThJ SouthA&San Pfojecl Lords Tavemers W¢ketz Prohecl TheACE Prolecl Bfadlord MDC H*ritag¢ Prol•cl 14,406 14.406 14,406 18.382 13.617 (29.999) 2.000 68,968 (45,439) 25,529 4.000 4,000 4,000 117,623 104,300 (125,435) 96.488 149,108 (211,343) 34,253 86.886 40.250 {86.886) {24.534) 111,598 41,163 (86.784) (49,902) 24.814 6,977 15,716 12,500 (3,0001 9,500 (8,367) 1,133 154,411 257,553 <269,854) 142,110 370,837 (401,835) 111,112 21 THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 31 JANUAR Y 2025 18 Restrlcted funds (Continued) Purpose of Funds: The M Barker legacy funds relate to a £20,000 legacy from M Barker. feceived in 2010. The funds are restricted as follows,. £10,000 to provide an annual £250 award and trophy to the mosl improved play¥ within the under 14 age group, as proposed by the county age group coaches,. and £10.000 lo award small grants (currenlly limited to £250> to help towards the cost of travel, kil and equipment, coaching etc. for promising young players who are In need of specific financial support to dship awards are revi￿￿ed on a case-by-case basis by the Board of Trustees. The Charitable Youth Twsl Enjoy Cricket Fund Is to lund a Scheme run by the Yorkshire Cricket Foundation with the aim to get young people playing cricket in the school holidays. Cricket Club apply lo the Foundation for funding lo run an enjoy ¢ri¢ket scheme and this is to wver the costs ol the cenlre administrators. coaches and printing costs. Kevln Armitage Scholarship Fund may be used to conlrlbute £1,500 a year towards the costs ol one ol the YCCC Academy playeis going overseas to play cricket during the winter. Core Cities South Asian Project is funded from the ECB and Sport England to run a three-year project in Leeds and Bradford providing Cfickeling opportunities to the South Asian communities in these cities The fund is to cover the cos18 of a fvlklime development officer to run the project, developing facllltles and funnlng PIO9Tammes aimed at increasing participalion. The Lord's Taverners Wicketr project is a community cricket programme largeting young people aged 8-18 Ilvlng In areas ol deprivation and har&to-reach groups without access to sporting opportunilies and the benefits sporl can bring. By establishing sustainable community cricket hub$, we provide year-round weekly cricket sessions with a focus on developing crucial life skills. The ACE Programme is a project to broaden the outreach of cricket and allow inner cty children. who would not have accass previously, the opportunity to try something new and build on their alhletlc skllls. The Bradford MDC Heritage Project is a scheme that alms to wnprove hisloric buildings, contribuling to the quality of the townscape, which should increase property values, and encourage further business investment In the area. 19 Anatysls of nel a••ots between funds Unmtrlcted Restricted fund$ funds 17 month 17 month period perlod ended 31 ended 31 January January 2025 2025 Total Unrestricted Restricted funds funds 17 month Y•ar•nded Year ended Y••r •nd•d period 31 August 31 August 31 August ended 31 2023 2023 2023 January 2025 Total Fund balance5 at 31 January 2025 are represented by: Investments Current assetsl(liabilities) 87,661 111,112 198.773 39,085 142,110 181,915 87,662 111,112 198.774 39,086 142,110 181,916 20 Events after the reporting date Subsequent to Ihe period end, on l July 2025 the trade and assets of The Yorkshire Cricket Board, a company limited by guarantee, was donated to the Charitable Company thereby meiging the enlrties. -22- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY 2025 21 Relat•d party tr•n¥a¢tion8 J Jackson was a director of the Yorkshire County Cricket Club (Ihe Club.? during ihe period. The number of Trustees shall be not less than five and not more than Iwelve. of whom nol more Ihan two persons may be directors. officers or employees of th8 Club. He resigned during 2024 from this position. Nel amounts of £2,053 were written off by the Club In the period In respect of debts due by the Charitable Company. During the period the Charitable Company made payments to the Club totalling £69,373 (2023: £110,987). During the period, the Charitable Company transferred the trade and assets ol rts asso¢ialed undertakings Pro Coach Yorkshire Cricket Ltd and Pro Coach Education Ltd, collectivety referred to as "Pro Coach" Thè Irade was translerred to Yorkshire Cricket Coaching Limited, a wholly owned subsidiary of The Yorkshire County Cricket Club {"Ihe Club"). Upon completion of the Iransaclion, the Charilable Company wrote off debts payable to the Club and Pro Coach amounting to £134,636 by virtue of a tripartite agreement. During the period the Charitable Company also Incurred £6,440 {2023'. £1,100) of costs from Park Avenue Bradford Ltd in respect of hire Charges for Ihe Bradford Park Avenue ground. There is also a creditor balance owed lo Park Avenue Bradford of £4,370 {2023.' £Nil) al the period-end. 22 Comparallv• Slatement of Flnanclal Actlviti•s Unrestrlcted Restrlcted fvnds funds Year ended Year ended Year •nd•d 31 August 31 August 31 August 2023 2023 2023 Total Not•8 In¢om6 from: Donations and legacies Charitable activities 199,029 372,725 199,029 630,278 257,553 Total Incomg 571,754 257.553 829.307 Expend5ture on: Charitable activilles 603,042 269.854 872,898 Net movement In funds {31,288) (12,301) (43,589) Fund balances at 1 September 2022 71,094 154,411 225.505 Fund balancos at 31 August 2023 39.806 142.110 181.916 -23- THE YORKSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JANUARY2025 23 Cash generatod from operatlons 17 month Yèar ended 31 period ended August 2023 31 January 2025 Surplusl(deficil) for the Period 16.858 (43.589) Movements in working capital.. Oecreasel(increase) In debtors