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2020-10-31-accounts

Digitally Signed Document Document ID: 5257D69F3DB95E

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Filename: 1188 2020 Charity Accounts.PDF
Client of: Bright Brown
Signature Details
Name: Mark Fletcher
Email: boo_fletch@hotmail.com
Date & Time: 30/07/2021 12:25:51 (BST)
IP Address: 208.127.198.219
Signing Statement: The trustees confirm their approval of the accounts.
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Please keep a copy of this document for your records. 

REGISTERED COMPANY NUMBER: 07286116 (England and Wales)
REGISTERED CHARITY NUMBER: 1141876

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

VENTNOR CRICKET CLUB LIMITED

Garbetts (IOW) Limited
Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ

VENTNOR CRICKET CLUB LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020
Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11 to 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 21
Detailed Statement of Financial Activities 22 to 23 
VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31October2020.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objective of the Charity is set out in the governing document:

The promotionof communityparticipationin healthyrecreationfor the benefitof the inhabitantsof the Isle of Wight,
in particular by the provision of facilities for playing cricket.

Public benefit

InplanningobjectivesandactivitiesfortheyearthetrusteeshaveconsideredtheCharityCommission'sguidance on
public benefit.

Page 1

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

ACHIEVEMENT AND PERFORMANCE

We planned three main aims for 2020:

1. Recruitment and retention of players

Withallthefinancialproblemsoverthepreviousyearsitisgoodtobeabletoconcentrateonacricketproblem. A
detailedplan had alreadybeen discussedand put into practice.This was started but in March at the start of lock down
noonereallythoughtthattherewouldbe anycricketplayedinthesummer.We hadtocancelthecontractwith our
overseas player and we could not give players any idea of the coming season. This will remain a priority for 2021.

2. Formation of a Membership Group

This has been continuingproblem. Once again plans were began to put together a membership group. The start of  our
membership in March coincidedwith the first lock down and with the poor prospectsfor any cricket during the season
it was difficult to organise any membership initiative. This must once again be a priority for next year.

3. Contribution of the working groups to the Development Plan

We tried to keep these going but the regulationsabout meetings of people and staying at home reduced any progress.
We alsoas a Clubmade an earlydecisionthatwe wouldnot putanyof our membersat risk or underanypressure to
carry out work at the Club.

Key points of the Finance position

The financialimplicationsof Covidhada massiveeffecton the Club.We were facedwithmonthsof no incomeat the
timeofourexpectedmajorincome.Thisiswherethemovetoworkinggroupshelpedustomanagethisyear. The
FinanceCommittee,underAlanParkerandMarkFletcherhavesourcedgrants,organisedawinterletofthe lodge,
found funds and made sure that we have remained without debts.

The ExecutiveCommittee has met regularlyas a virtual meeting. After a couple of sessions we realised we could not all
talkatonceandhadtokeepontargettocompletethesessionin40minutes.Theyhavebeensuccessfulwithus all
appreciatinga40minutemeeting.Italsogavesomeofuswhoneededtobemorecarefulwithisolationthat very
important issue of personal contact with friends.

Oneofthepositivepointsthathadcomeoutofgovernmentregulationsthisyearhasbeentheamountofhelp and
guidancegivenbythecricketauthorities.Witheachchangeingovernmentregulationswehavereceived specific
advicefromEnglishCricketBoard(ECB),HampshireCricketBoard(HCB),SouthernCricketPremierLeague (SCPL),
HampshireCricketLeague(HCL)andtheIsleofWightCricketBoard(IWCB).Theseallcontainedthesame basic
information but with some specific points for their organisation.

AllthisinformationthenneededtobeinterpretedfortheClub.RoyGeorgeundertookthetaskoflookatthe latest
regulationsandthenpassingtheinformationontotherestofthecommittee.Thismadecommitteemeetings very
positive and the Club acted in line with the regulations.

We wouldalsoliketo thankStuartChatfield,IWCBDevelopmentManagerfor hishelpandsupportandespecially for
his work making the playing of cricket possible during the summer.

Sponsorshipwas very difficultthis year. Our thanks go to Red Funnel for their continuedsupport.Withoutthis support
ourmainlandtravelwouldprohibitive.ChristineKanestartedherannualmatchsponsorslistbutthelackof games
made this a difficult task.

Key points of the Junior section

ThegreatestdisappointmentfortheClubduringtheyearwasthatthecoachingforourjuniorswascurtailed. Every
timewe thoughtwe were ableto startcoachinga new clampdownoccurred.Itwas notonlyfor ourclubbutfor the
other clubs that use our facilities.

Page 2

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

For the last four years we have taken an active part in All Stars Cricket,a nationalinitiativeto provide coachingand an
introductiontocricketfor5 to8 yearolds.ThesehavebeenverysuccessfulandenjoyedhugelybyboththeAll Stars
andthecoaches.ThisyearanewinitiativewasplannedcalledDynamoCricketaimedat9 to11yearolds continuing
the successfulAll Starsprogramme.Thissummedup our season,we workedhardorganisingthe schemeand working
withthecoachesonlyforthesessionstobecancelled.Planshavestartedfor2021andwejusthopethatwe can
deliver these programmes.

We alsohadto cancelour PrimarySchoolsFestival.This usuallygives us a greatlinkwith our primaryschoolsand the
chanceforthejuniorstoseethefacilitieswehavetooffer.Onceagainwewillplantoofferthisfacilityagain.This is
going to be very importantfor our juniorsas they will have missed a year's cricket.After a year of restrictionsin taking
partin activesportsgreatconcernis beingexpressedthroughoutthe countryat the effectthisis havingon the social
and physicalside of their lives. Our other concern is that once activitiesare stoppedfor people of all ages the difficulty
of restarting is very great.

Ourthanksgototheparentsfortheirconstantsupport,totheenthusiasmofmanagersandcoachesanda special
thanks to Ruth and Rob Noyes for their time as Junior Coordinators.

Key points on the fabric and groundwork

Asacricketclubwe notonlyhavethemainplayingareatomaintainbutalargegrassareaandthesurroundsof the
ground.Duringallthelockdownsandrestrictionswehavemaintainedourparttimegroundsmanwho has
concentratedonthemainplayingarea.Withoutthisthereisnochancetoplaygames.Weareluckytohave an
experiencedand professionalgroundsmanwho has over seen the work and more importantlyplan the year's work. Ali
CottonnolongerlivesontheIslandbutis a regularvisitorandhasorganisedtheworkonthesquareoften providing
importantmachinery for major work. We are very grateful for all the advice and work he does on a voluntarybasis. The
value of this was shown when we were allowed to start playing our ground was ready for games.

WiththeregulationswecouldnotorganiseourusualCricketForceweekendandthegeneralmaintenanceof the
ground by groups of volunteers.These were needed for making rotas for cuttingthe outfieldand rolling the pitch. Our
thanksgotothosevolunteers,especiallyPeteBuckleyandSteveClutterbuck,whocarriedoutmuchofthiswork on
their own.

As well as the pressure of keeping the ground in order we also had the pavilion, bar, kitchen and the changing rooms to
maintainandcleanregularly.Oneofthesideeffectsoftherestrictionwasthatwemadeamajorefforttomake the
cricket hall covid ready for coaching sessions unfortunately as soon as we finished the next lockdown started.

ChandraandDaveShawwereunabletomanagetheLodgethisyear.FiNewnhamandAlanParkerwithhelp from
Margaret Hilsum and Debbie Buckley took over the running of the Lodge.

The lodge gave us some income and did qualify for some grant money. The interior developmentsof the Lodge by Alan
Parker have made it suitable for a winter let.

The Blood Donors have used our hall for many years but travel to the Islandmade it difficultfor them to continue. We
haveleftitopenthattheyarewelcomeanytimeevenifitisatshortnotice.Duringtheearlypartoftheyear when
coachingof the juniorswas alloweda numberof parentswere leftwaitingwithnothingto do.On theirinitiative they
asked if there were any jobs they could do whilst waiting. This was excellent and our thanks go especially to Richard  Hill
and Jason Curtis for the work they have done round the pavilion.The fittingof a new clock was just one of their tasks.
This has made us think about how we could develop a maintenance team when we return to normal.

Page 3

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

National Guidelines update

AsaClubwe havesupportedandachievedClubmarkstatussinceitsinaugurationin2009.TheaimofClubmarkis to
make a child friendlyclub. The criteriato achievethis are very detailedand require a great deal of work and evidence.
2020 was going to be the year that changeswere to be made with responsibilitymoving to the ECB ratherthan Sports
England.All Clubmarkclubswere given a yearto allowfor the reorganisationof the criteria.This has now started and
willbe a mainfeatureof theClub'sworkthisyear.To someitwouldseem asjustcollectinginformationbutwe have
alwaystreateditasawaytomakesureourClubismeetingtheneedsofourJuniors.Weareproudthatwe have
received re-accreditation ever since 2009.

Page 4

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

FINANCIAL REVIEW

Review of financial activities

ThefinancialpositionoftheCharityisdescribedintheaccountsthathavebeenindependentlyexaminedby our
accountants.

The financecommitteemeetsapproximatelyevery2 monthsandholdthe responsibilityfor managingthe majority of
the financial and business elements of running the Cricket Club. The meetings focus on the following areas:

o Annual income and expenditure budget reports phased into the 12 months of the year
o Monthly reports of actual expenditure against monthly budgets
o Focuses on longer term financial plans and investments in maintenance
o Membership Payment Summary
o Fund Raising schemes
o Capital Expenditure
o Bank Account/Cash Flow Summary

Our thanks go to the finance group: Alan Parker - Chair; Mark Fletcher - Treasurer; Ben Woodhouse;Nigel Cox; and  Roy
George.

On an annualbasisthe cricketclubincursrunningcostsrangingfrom £30,000to £40,000,withthe largest proportion
beingbuildingoverheadsandmaintenancecostsinadditiontothecricketgroundpreparationcosts.The cricket
relatedincome,includingmembership,fundraisingandsponsorshipdoesn'tcovertheseexpensesandtheclub relies
on the Trading related bar, catering and lodge income to bridge the annual costs as well as contributeto the  increasing
maintenance costs that are likely to be incurred more frequently with a clubhouse building that is now 20 years old.

Asweareallwellaware,the2020Cricketseasonwasseriouslycurtailedduetothelockdownsresultingfrom the
introductionto the UK of the Covid-19 virus in January 2020. As we were preparing to get the club and ground open for
the new season we were brought to a halt by a total Lockdown on March 23rd.

Althoughno cricketwas being playedfor most of the year,there are still many costs,which still roll on regardless. We
have tried to reduce these as much as possible,but there are still costs to meet. We have been fortunatein being able
totakeadvantageofGovernmentGrantspaidthroughtheLocalAuthority,basedonrateablevalueofour facilities.
NotonlywereBusinessRatessuspendedfor12months,butwealsobenefitedtothetuneof£10,000through the
Retail, Hospitality and Leisure Grant Fund.

AswearetwocompanieswithtwodifferentrateablevaluestheTradingCompanyalsoqualifiedforasimilar grant,
meaning it enabled the Trading Company to again prop up the club by donating its margins to the club.

During the year, we purchased,as was budgeted,a second hand tractor and associatedequipment,capable of  carrying
outallofthegroundmaintenancefunctions,ratherthanhavingtorelyonthegoodnatureandforbearanceof Ali
Cottonandhisemployers,inbringingmachineryovertotheIslandtodotheannualpitchrepairsand maintenance.
Thesebitsofequipmentcost£8,000,andweareverygratefulforthecontributionsmadebyourPresident Graham
and Chris Innis by way of donationswhich helped to make these purchasespossible.The old rotarymower and tractor
was sold for £2,300. Our thanks go to Ali Cotton for carrying out the purchase and disposal of these items.

Income for the Lodge and Bar has been significantlyreduced due to the Lockdown,and also when reopened having a 3
daygapbetweenbookingstoenablesafeturnaroundsbetweenlets.Manythankstothosethathavecarriedout the
cleaning etc in a safe way between games and lets, to enable us to achieve the income that we have.

Bywayofillustration:Barincomewasdownfrom£20,000to£6,000(minus70%)andwewouldexpecttomake a
margin of approx £50% on sales at the bar.

Lodge income was down from £7,000 to £4,000 (reduction of 44%)

Page 5

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

RobSnellaskedforreassurancethatgroundworkwouldbeimprovedfromlastyear,whensomeequipmenthad got
stuckontheground.Plansarewellaheadforthe2021season,withAndyButlerhavingcarriedoutsome remedial
work on the outfield.

Reserves policy

Attheyearendthecharityholds£944,943(2019:£960,378)inreserves,allofwhichisunrestricted,andofthis free
reserves not invested in fixed assets amount to £33,253  (2019: £28,890).

Of this £3,633is designatedas for the JC Rogers Trust fund, set aside for expenditureon the club's under 16s team the
colts, and £7,560 has been allocated to the maintenance fund set aside for potential future maintenance costs.

The reservesare heldto allowthe charityto functionwithflexibilityandto allowit to dealwithcashflow fluctuations
and meet the unexpectedexpenses that can arise in running the club. The trustees are aiming to increase reserves to a
levelof£40,000atwhichpointitwillbebudgetedtomaintainthislevel,withinvestmentsand maintainence
programme factored into the 1-5 year budget schedules.

FUTURE PLANS

Our main aims for 2021:

1. Recruitment and retention of players

Plansforthisarealreadyunderway.Acontractforanoverseasplayerhasbeencompleted.Plansareinhand to
developa CricketManagerto work with the CricketChair.Their job will be to coordinatethe runningof cricket within
the Club and to make sure that work is carried out to meet this aim.

RobSnelladvisedthatAlexBartonwaslookingtodevelopagroupofgirlsfromayoungage,whilstshewill need
support as she progresses her Level 2 Coaching certificate.

MarkFletcher,GraemeBurnettandBenWoodhousehavemettolookatplayerrecruitment,initiallywithaview to
2021season,whilstalongertermplanisdeveloped.ThedepthoftalentontheIOWislowerthatpreviously. James
BradshawnotedthatIOWFootballleaguesarelookingtoextendtheir2020/21seasonlonger,whichwill therefore
impacton thecricketseason.The SouthernLeaguedo notplanto changethedatesfor 2021,so commence1st May,
through to 28th August.

BenWoodhousenotedtheneedfordevelopingtheCricketManager,whilstJamesBradshawofferedto become
involved in the essential cricket aspects of the club, as he'd had concerns the previous season of how the club had  been
approaching this aspect.

2. Formation of a Membership Group

This has been continuingproblem. Once again plans were started to put together a membership group. The start of  our
membership in March coincidedwith the first lock down and with the poor prospectsfor any cricket during the season
it was difficult to organise any membership initiative. This must once again be a priority for next year.

3. To successfully complete the new Safe Hands Management System (SHMS) and Clubmark structure

ThisyearseesachangeintheClubmarksystem.TheECBisstartingarolloutofthenewsystemSafe Hands
ManagementSystem(SHMS).ThiswillbethefirststageofthenewClubmarktoidentifyvolunteersandtheirrole in
theClub.Thiswillrequirenotonlynamestoberecordedbutthatthepersonhastobewillingtoaccept the
post/voluntaryposition.All this will be on line. In the first instancethis will be a major job but hopefullyonce recorded
the updatingshould be easy. As a Club we are 106 on the list for going on line by the end of January (next Island Club is
in the 800s).They hope to activate100 clubs a week. It looks as thoughthe basicClubmarkwill need to be completed
bytheendoftheyear.TheimportanceofthistotheClubcannotbestressedtoomuch.Withgrantsoneofthe first
questionsthat is asked 'have you Clubmarkaccreditation?'To play in the SCPL you need Clubmark.This system will be
new to the Club but one we must take seriously.

Page 6

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Thecharityiscontrolledbyitsgoverningdocumentthememorandumandarticlesofassociationdated20 January
2011, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Thememorandumandarticlesofassociationstatethattheremustbeaminimumofthreetrustees.Eachyear one
third of the trustees are required to retire by rotation at the annual general meeting.

Trusteesmay be appointedby ordinaryresolutionat generalmeeting,if proposedfor re-electionby the trustees,or  if
nominated for election by a member and notice is given prior to the meeting.

Thetrusteesmayalsoappointanewtrusteebyresolutionofthetrustees.Anytrusteeappointedinsucha manner
must retire at the next annual general meeting, in addition to any other directors retiring by rotation.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07286116 (England and Wales)

Registered Charity number

1141876

Registered office

Ventnor Cricket Club
Steephill Road
Ventnor
Isle of Wight
PO38 1UF

Trustees

R B Cook
G A Burnett
M N Fletcher
Rev N D Cox
R E George
Mrs F Newnham (appointed 20.2.20)

Company Secretary

R B Cook

Independent Examiner

G Kelly, A.C.A., F.C.C.A.
Chartered Accountant
Garbetts (IOW) Limited
Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ

Page 7

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2020

This report has been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating
to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

M N Fletcher - Trustee

Page 8

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
VENTNOR CRICKET CLUB LIMITED

Independent examiner's report to the trustees of Ventnor Cricket Club Limited ('the Company')

IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 October 2020.

Responsibilities and basis of report

As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accountsof the Company are not required to be audited under Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carryingout my examinationI have  followed
the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

G Kelly, A.C.A., F.C.C.A.
Chartered Accountant
Garbetts (IOW) Limited
Newport
Isle of Wight

Date: .............................................

Page 9

VENTNOR CRICKET CLUB LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2020

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
24,869
Charitable activities
Training, hall and net hire
3,822
Subscriptions
1,959
Costs of operations
(505)
Other trading activities
2
3,832
Other income
1,211
Total
35,188
EXPENDITURE ON
Raising funds
172
Charitable activities
Costs of operations
50,471
Total
50,643
NET INCOME/(EXPENDITURE)
(15,455)
RECONCILIATION OF FUNDS
Total funds brought forward
960,378
TOTAL FUNDS CARRIED FORWARD
944,923		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 2020
Total
funds
£
24,869
3,822
1,959
(505)
3,832
1,211
35,188
172
50,471
50,643
(15,455)
960,378
944,923		 2019
Total
funds
£
21,102
3,999
3,598
-
14,553
965
44,217
2,948
62,284
65,232
(21,015)
981,393
960,378		 
The notes form part of these financial statements

Page 10

VENTNOR CRICKET CLUB LIMITED

BALANCE SHEET 31 OCTOBER 2020

Notes
FIXED ASSETS
Tangible assets
7
Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 Unrestricted
funds
£
911,590
100
911,690
3,129
32,177
35,306
(2,073)
33,233
944,923
944,923		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 2020
Total
funds
£
911,590
100
911,690
3,129
32,177
35,306
(2,073)
33,233
944,923
944,923
944,923
944,923		 2019
Total
funds
£
931,388
100
931,488
2,943
27,665
30,608
(1,718)
28,890
960,378
960,378
960,378
960,378		 
The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year
ended 31 October 2020.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 11

VENTNOR CRICKET CLUB LIMITED

BALANCE SHEET - continued 31 OCTOBER 2020

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:

.............................................

M N Fletcher - Trustee

The notes form part of these financial statements

Page 12

VENTNOR CRICKET CLUB LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2020

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning
of the reporting period
Cash and cash equivalents at the end of the
reporting period		 2020
£
15,237
15,237
(13,025)
2,300
(10,725)
4,512
27,665
32,177		 2019
£
9,440
9,440
(1,323)
-
(1,323)
8,117
19,548
27,665		 
The notes form part of these financial statements

Page 13

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2020

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 2020
£
(15,455)
31,263
(740)
(186)
355
15,237		 2019
£
(21,015)
30,273
-
560
(378)
9,440

2. ANALYSIS OF CHANGES IN NET FUNDS

At
Net cash
Cash at bank and in hand
Total		 1.11.19
Cash flow
At 31.10.20
£
£
£
27,665
4,512
32,177
27,665
4,512
32,177
27,665
4,512
32,177		 1.11.19
Cash flow
At 31.10.20
£
£
£
27,665
4,512
32,177
27,665
4,512
32,177
27,665
4,512
32,177
32,177
32,177 
The notes form part of these financial statements

Page 14

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
prepared in accordancewith the Charities SORP (FRS 102) 'Accountingand Reportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with
the exception of investments which are included at market value.

Income

All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

Grants offered subject to conditionswhich have not been met at the year end date are noted as a  commitment
but not accrued as expenditure.

Tangible fixed assets

Depreciationis providedat the followingannualratesin order to write off each assetover its estimated useful
life.

Freehold property- 2% on cost
Plant and machinery- 10% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

Page 15

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2020

2. OTHER TRADING ACTIVITIES

Fundraising events
Social events and match teas
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Surplus on disposal of fixed assets		 2020
£
3,476
356
3,832
2020
£
31,263
(740)		 2019
£
13,208
1,345
14,553
2019
£
30,273
-

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2020norforthe year
ended 31 October 2019.

5. STAFF COSTS

 The average monthly number of employees during the year was as follows:
2020 2020 2019
- -
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
20,102
Charitable activities
Training, hall and net hire
3,999
Subscriptions
3,598
Other trading activities
14,553
Other income
965
Total
43,217
EXPENDITURE ON
Raising funds
2,948		 Restricted
fund
£
1,000
-
-
-
-
1,000
-		 Total
funds
£
21,102
3,999
3,598
14,553
965
44,217
2,948

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 16

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Charitable activities
Costs of operations
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 November 2019
23,000
Additions
-
Disposals
-
At 31 October 2020
23,000
DEPRECIATION
At 1 November 2019
-
Charge for year
-
Eliminated on disposal
-
At 31 October 2020
-
NET BOOK VALUE
At 31 October 2020
23,000
At 31 October 2019
23,000		 - continued
Unrestricted
funds
£
61,284
64,232
(21,015)
981,393
960,378
Freehold
property
£
1,081,904
-
-
1,081,904
192,020
21,639
-
213,659
868,245
889,884		 Restricted
fund
£
1,000
1,000
-
-
-
Plant and
machinery
£
89,240
13,025
(3,125)
99,140
70,736
9,624
(1,565)
78,795
20,345
18,504		 Total
funds
£
62,284
65,232
(21,015)
981,393
960,378
Totals
£
1,194,144
13,025
(3,125)
1,204,044
262,756
31,263
(1,565)
292,454
911,590
931,388		 
continued...

Page 17

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

8. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 November 2019 and 31 October 2020 100
NET BOOK VALUE
At 31 October 2020 100
At 31 October 2019 100 
There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Ventnor Cricket Club Trading Ltd

Registered office:
Nature of business: Bar and Shop
%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
Profit for the year
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Intercompany account
Accrued income
Prepayments		 2020
£
9,355
11,705
2020
£
1,289
288
1,552
3,129		 31.10.19
£
6,150
16,110
2019
£
1,365
241
1,337
2,943		 
continued...

Page 18

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Accrued expenses
11.
MOVEMENT IN FUNDS		 2020
£
400
1,673
2,073		 2019
£
-
1,718
1,718
Unrestricted funds
General fund
Maintenance fund
Grant funded assets
JC Rogers trust fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Grant funded assets
TOTAL FUNDS		 At
1.11.19
£
69,263
7,560
879,922
3,633
960,378
960,378
Incoming
resources
£
35,188
-
35,188
35,188		 Net
movement
At
in funds
31.10.20
£
£
7,833
77,096
-
7,560
(23,288)
856,634
-
3,633
(15,455)
944,923
(15,455)
944,923
Resources
Movement
expended
in funds
£
£
(27,355)
7,833
(23,288)
(23,288)
(50,643)
(15,455)
(50,643)
(15,455)		 
continued...

Page 19

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Maintenance fund
Grant funded assets
JC Rogers trust fund
TOTAL FUNDS		 At
1.11.18
£
66,990
7,560
903,210
3,633
981,393
981,393		 Net
movement
in funds
£
2,273
-
(23,288)
-
(21,015)
(21,015)		 At
31.10.19
£
69,263
7,560
879,922
3,633
960,378
960,378 
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 43,217 (40,944) 2,273
Grant funded assets - (23,288) (23,288)
43,217 (64,232) (21,015)
Restricted funds
ECB Grant for EPOS system 1,000 (1,000) -
TOTAL FUNDS 44,217 (65,232) (21,015) 
MaintenanceFund:Includesfundssetasidebythetrusteesforthemaintenanceoftheclub'sbuilding and
facilities.

GrantFundedAssets:Includesfundsmadeupofthenetbookvalueofassetsaquiredundergrant funding
providedspecificallyforthatpurpose.A largeproportionofthefundismadeupoftheclubhouse,with some
additionalequipmentfundedmakinguptheremainder.Fundsof £23,288were transferredoutof thefund to
general reserves to reflect the depreciation charged to general reserves in respect of grant funded assets.

JCRogersTrustFund:IncludesfundsrecievedasalegacyfromMrJCRogersandsetasidebytheclub for
expenditure on the Colts, the club's under 16's team.

continued...

Page 20

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2020

12. RELATED PARTY DISCLOSURES

Thecharityoperatesatradingsubsidiary,VentnorCricketClubTradingLimited.Sharesinthesubsidiary are
heldintrustforthecharitybycharitytrustees.Duringtheyearto31October2020thetrading subsidiary
generatedtaxableprofitof£11,800(2019:profitof£13,911),anddonated£8,500(2019:£13,500)to the
charity.At31October2020abalanceof£1,289(2019:£1,365)wasowedtothecharitybythe trading
subsidiary.

Page 21

VENTNOR CRICKET CLUB LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020

2020 2019
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 6,319 6,602
Donation from Ventnor Cricket Club Trading
Limited 8,500 13,500
Grants 10,050 1,000
24,869 21,102
Other trading activities
Fundraising events 3,476 13,208
Social events and match teas 356 1,345
3,832 14,553
Charitable activities
Subscriptions 1,959 3,598
Training, hall and net hire 3,317 3,999
5,276 7,597
Other income
Solar panel rebate 1,211 965
Total incoming resources 35,188 44,217
EXPENDITURE
Raising donations and legacies
Social events and match teas - 1,555
Fundraising 172 1,393
172 2,948
Charitable activities
Grants to institutions - 1,000
Support costs
Other
Premises costs 11,540 16,007
Ground maintenance 5,298 7,376
Carried forward 16,838 23,383 
This page does not form part of the statutory financial statements

Page 22

VENTNOR CRICKET CLUB LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2020

2020 2019
£ £
Other
Brought forward 16,838 23,383
Cost of activities 1,012 4,385
Travel 148 1,262
Bank charges 137 210
Administration costs 553 631
Independent examiners fee 1,260 1,140
Depreciation of tangible fixed assets 31,263 30,273
Profit on sale of tangible fixed assets (740) -
50,471 61,284
Total resources expended 50,643 65,232
Net expenditure (15,455) (21,015) 
This page does not form part of the statutory financial statements

Page 23