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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
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
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
```