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2021-10-31-accounts

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 2021

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 2021
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9 to 10
Cash Flow Statement 11
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 19
Detailed Statement of Financial Activities 20 to 21 
VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2021

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31October2021.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.

ACHIEVEMENT AND PERFORMANCE

Review of progress towards meeting the objective:

EvenattheheightofthepandemiclastyearfewthoughtthatitwouldstillbethemajorinfluenceontheClub and
cricketthisyear.Wedidmanagetocompleteafullsummerprogrammeoffixturesforallages.Duringtheyear we
were faced with several restrictionswhich influencedhow we ran the Club. In all this we took the safety of our players
andmembersveryseriouslyalwaysoptingtofollowguidelinesofgovernmentandcricketauthorities.TheECB was
veryproactivewithaweeklynewsletterhelpingtoclarifytheguidelines.Theystillhadtobeinterpretedforthe Club
and we were very fortunatethat our chair Roy George made this part of his tasks to keep us informedof changes. Ben
Woodhouse help with us meeting the regulations as to the use of the Club ground and buildings for cricket.

Theexecutivecommitteemeteverymonthusuallybyzoommeetings.Wemissedthesocialsideofmeeting and
chatting to old friends but especially in the winter it made good sense to use zoom.

Wehavebeenveryluckyafteradecadeofsufferingthelossofoldestablishedcommitteememberstohave them
replaced by a group of younger and active replacements.This has been especiallynoticeablein the developmentof  our
working groups. There is now a good mixture of ages connected with the administrationof the Club. All side of the  Club
has worked well and the various leaders of the working groups Roy George (executive),Alan Parker (finance),Rob  Snell
(cricket),Fi Newnham(house),KateMarshall(juniorcricket),Ben Woodhouse(cricketmanager)witha very hands-on
President Graham Benson making this a very successful year.

TheTrusteearepleasedwiththewaya 'younger'groupof membershavetakenonthetaskof runningallteams and
making a greater contribution to the running of the Club.

Roy George is standingdown as chair of the executive.Roy contributionover the past three years has greatlyhelp the
Club throughsome difficulttimes.As well as being chairhe has also helpedwith the generalwork roundthe Club and
has sufferedbeing a key holderand copingwith the regularproblemsof our alarm system.He is not disappearing and
will stillbe ClubSafeguardingOfficeranda volunteerwhennotoff travelling.The Trusteesthankyoufor allthe work
you have undertaken.

TheClubalsolosttwoestablishedmembers,BillCutterbuck,anappreciationwillappearintheCricketappendix and
Dickie Randall who played for Ventnor in the 50s,60 and 70s.

Page 1

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2021

ACHIEVEMENT AND PERFORMANCE

Thepandemicmayhaveanothereffectoncricketthatmaynotbeseenuntilwe returntonormalconditions. During
thelasttwoyearsaswehavetriedtocompletefixtureschangeshavetakenplacewithinthegame.Questions are
being asked about the length of games, should we expect games to go on until 7.30 and will there be a return to having
teas. A national player's survey has been carried out and we look forward to suggestions.

The availabilityof defibrillatorsis becoming of more importance.We have had ours, which we share with the  Botanical
Gardens,forseveralyears.Wereallyneedtoholdarefreshercourseeveryear.Ithasbeenshownhowthe person
chancesareincreasedbyusingadefibrillator.Weneedtotrytoencouragemorepeopletobecomequalified and
comfortable about using the machine.

WehadthreemainClubtargetsfor2021.Aswithlastyeartherehasbeenproblemswiththeextent,wehave been
able to complete the targets.

1. Recruitment and retention of players.

The appointmentof a cricketmanager,Ben Woodhouse,anda new Chairof the CricketCommittee,RobSnell, meant
that recruitmentwas carriedout during the close season.The success of this was seen in the best season we have had
for five years.There was a goodatmospherearoundthe Club,andthisfilteredthroughto all the otherteams. Thanks
totheworkofGraemeBurnettandFiNewnhamtherecruitmentofAnthonyAllanyeasouroverseasplayer was
completed despite all the changes in travel and visa regulations made during the year

2. Formation of a Membership Group.

Thisonceagainhasbeenverydifficulttodevelopthisyear.Wehavetorememberthattheyearstartedwith limited
spectatorsandtheclosingofallhospitalityattheClub.Membershipformsweredistributedbutwestilldonot have
anyone to develop this side of the Club. Once again, we will make this a priority for the new season.

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

We were thefirstclubon theIslandto undertaketheECBnew SHMSandClubmarksystem.Therehavebeen several
teething problems and that linked with the difficultyof many meetings being zoomed meant it was frustratingat times.
Wecompletedtheregistrationofmostoftherequiredpositionsveryquicklyandthankstotheindividualsfor their
support.ThepositionofSafeguardingOfficerwasaproblemasthisneednewcoursesdeliveredonlineandby zoom
meetings.RoyGeorgecompletedhisregistrationandRichardHillhasjustacourseplannedforearlyintheyear to
attendto be our secondsafeguardingOfficer.The detailsneededwill increaseas the yearprogresses,butwe are in a
good position to meet these requirements.

Cricket

As already stated, this has been a good year for the club and congratulationto the 1st XI for promotionto Division One
of the SCPL. Rob Snell and Ben Woodhouse has made a great contributionto this progress. Their success in recruitment
ofplayersaswellasencouragingsomeofour'older'youngplayerstomakethemovefromjuniorcricketto senior
cricket has made for a very positive feeling in the Club. This is the stage in the developmentof youngsterswhen cricket
loses many of its players. Our juniors have not only been keen to make the change but enjoyed the challenge of  playing
at a higher standard.

A 2nd team has playedin the Islandleague this year due to the travellingproblemfaced by trips to the mainland. The
plan for next year is to return to the Hampshire League.

Therehasbeenapleasingincreaseinthesocialcricket.Thishasgivenachancetothosewhocannotplay regular
weekend cricket to continue to enjoy games.

Page 2

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2021

ACHIEVEMENT AND PERFORMANCE

The Juniors had a full set of fixtures with regular u15, u13 and u11 league matches. Our u15 team was a young one but
itdidgivethemexperiencethatwillstandthemingoodsteadfornextseason.Thenumbersofu13seemedto grow
every week with manyof these also playingin the u15s.The u11 had the biggestproblem.Due to the pandemic, they
missed much of their basic introductionto cricket at schools and within the Club. For two years we have not been able
hold the Primary School's Festival.

WehavebeeninvolvedintheECBsu9sAllStarsinitiativeforfouryearswhichalwayshasaboutthirtykeen and
enthusiasticjuniors.TheECBhopetodevelopanewinitiativecalledDynamoCricketfortheu11.Unfortunately, this
had to be cancelledlast year but was reinstatedfor this year. It was a great success for us. We startedthe season with
onlythreeu11,bythetimewehadcompletedtheDynamo'ssessionwehadthirtyattendingandwereable to
complete our summer fixtures. There is still a lot of work to do to give them the chance to meet their potential.

Manypeoplehavehelpto runthejuniorsection,coaches,managers,umpires.scorersandthemanyparentswho do
the little jobs have our thanks.

Althoughthe use of the ground and our facilitieswere restrictedcongratulationsto the team who maintainthe playing
areaoftheground.ItreceivedsomeverygoodgroundscoresfromtheSCPL.Weareluckytohavetheadviceof an
experiencedgroundsmaninAliCotton.AliisanIslandladwhonowmaintainsthefacilitiesofalargeschool in
Hampshire.He visits the Island regularly and will lead some of the major work on the square and organised a work  plan
for the square.MartinWoodstartedas groundsmana coupleof yearsago andhe alsodeservescreditfor the way he
has learnt the new skills of being a cricket groundsman.The captainsand Juniors have found him very cooperative and
reliable providing pitches for our busy fixture list.

The playingarea is not the onlypartof the Club thatneeds regularmaintenance.We have the remainingarea around
the ground,hospitalityarea, changingroom, an indoor cricket hall and a holidayrental.Most of these are managed by
volunteers.Manyofthesevolunteershaveskillsthatwouldcostagreatdealifwehadtopayforthem.Itis these
volunteers that make the Club with their friendship support for VCC.

Manypeopleandbusinesseshavefoundsponsorshipdifficultduringthelasttwoyearsbutwemustthankthem for
theirsponsorshipoftheClubthisyear.RedFunnelhascontinuedtheirsponsorshipofourcrossSolenttravel. They
have made it possible for us to play in the top leagues on the mainland.Match sponsorshiphas continuedand we  hope
todevelopbusinesssponsorshipwithmoreadvertisingboardsattheground.Onespecialsponsorshipwasthekit for
the u13 and u15 kit provided by Richard Hill and Oil Spill Company Limited.

Finally,as always,we must thankall the volunteerswho given their time to help the Club in so many ways to keep the
Clubrunning.Weareveryluckytohavesuchtalentedvolunteerswhoaresohelpfulnotonlywithadvicebut also
practicalhelp.Thisyearwehavealsoseensomeofouroldplayers,whonowareprofessionalcricketers,come and
carriedoutacoachingsession.Thisisanexampleofthefriendshipandsupportshownbysomany,oncea Ventnor
member always a supporter of the Clubs.

We hope for a full year of cricket in 2022 withoutany new set of covid regulations.The Club provides a very  important
socialfunctionformanywhootherwisemightfindthedaysandweekslongwithoutsomethingtolookforwardto at
weekend. Our hope this year is to reinstate the Club place within the community after two years of restrictions.

Page 3

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2021

FINANCIAL REVIEW

Review of financial activities

The financialside of the Club is very strong. The FinancialGroup provides monthly informationof not only the  accounts
but whether we are on budget. We are now looking at future cost and putting them in a longer-term budget.

Covidhasprovidedaseriesofgrantsandloanstohelpclubscopewiththelossofincomeandextracostof the
pandemic. We have made full use of these grants from government sources and from cricketing organisations.

ThebookingsfortheLodgehavevariedashavetheregulationsbutithasprovidedwithagoodincome.Alan Parker
has continuedto organisethe up gradingof the Lodge as well as the rota for dealingwith the changeof guest.He has
been assisted by Fi Newnham, Margaret Hilsum, Roy George and Debbie Buckley.

Themorestablepositionofourincomeisallowingthefinancialgrouptostartthelonger-termplanningof our
expenses.The costof machinery,the refurbishmentof the 20-year-oldbuilding,the fencesroundthe groundand the
increasing cost of playing cricket are just some of the expenses that are in the plan.

Reserves policy

Attheyearendthecharityholds£931,483(2010-£944,923)inreserves,£930,268(2010-£944,923)ofwhich is
unrestricted, and of this free reserves not invested in fixed assets amount to £45,255 (2020 - £33,233).

Ofthis£3,633(2020-£3,633)isdesignatedasfortheJCRogersTrustfund,setasideforexpenditureonthe club's
under16steamthecolts,and£7,560(2020-£7,560)hasbeenallocatedtothemaintenancefundsetaside for
potential future maintenance costs, leaving £34,062 (2020 - £22,040).

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

Three Club Targets for 2022.

1. Compete and update our Risk Assessments for Clubmark.

Theimportanceofmakingafullreviewofourriskassessmentshasbeenshowninthelastcoupleofyears.We have
hadtolookatourarrangementstocompilewithchangingregulations.LookingattheClubmarkdocumentson risk
assessmentstheyarefarmoredetailedthaninthepast.Thegoodpointis thatitdoesshowustherightdirection of
things we should be noting. It also gives us good practice and we should follow this with the many yearly contracts.

We shall link this with a major review of the long-term maintenance of our buildings.

2. Review the Club Membership.

We have tried for two years to make a start on this, but we still have not found a person to take overall responsibility.
The Juniors have taken responsibilityfor their membership,and it was pleasing to see that the same was seen with the
seniors.The majorproblemis the great declinein the numberof our vice presidents.In our 2020 fixturecardswe  had
62 LVP. In 2020 we had replies from only 15. For VPs the number in 2020 was 54 in 2021 25. The good news is that  Roy
George has volunteered to take on the role of membership secretary.

Page 4

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2021

FUTURE PLANS

3. Equity in Cricket (ICEC)

As a result of the problems at Yorkshire CCC which then seemed to start comments from all areas of cricket the ECB  has
open an investigation into the depth of the problem in cricket.

TheECBhaveinitiatedanIndependentCommissionforEquityinCricket(ICEC)andwillbeaskingpeoplewhoare or
wereinvolvedincricket,onoroffthefieldtosharetheirexperiencesofracism,elitism,andsexism-positive or
negative-helpformtheCommission'sequityreportduesummer2022.Amajoreffortwillbemadetoincrease the
involvement of girls and women in cricket.

We are all going to have to address this issue. It is too early to say how this will affect our Club, but it is a problem that
will not go away.

We also plan to ask each of the working partiesto put in place one plan that they wish to develop themselves.We  will
then all items will form our 2022 Development Plan.

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.

Risk management

Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.

TheTrusteesarekeentoensuretherearemeasuresandfinancialmanagementprocessesinplacetoensure the
achievementofthekeyobjectivesandsafeguardingofthecharity'sfundsandassets.Thisisinlinewiththe Charity
Commission's Guidance paper 'Charities and risk management (CC26)'

TheTrusteeshavedelegatedtheroleoffinancialmanagementtothefinancecommittee,withupdatesand reports
presentedtotheexecutivecommittee.TheFinanceCommitteewillfurtherdeveloprisklogs,annualfinancial action
plansandmonthlyreportingofactualsagainstbudget.OtherCharityfunctionrisksarealsoincludedaswellas the
financial elements.

Currently based on the size of the charity and its current level of operationsthere are no significantrisks identified that
pose an immediate threat to the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07286116 (England and Wales)

Registered Charity number

1141876

Page 5

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021

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

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

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 6

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 2021.

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 7

VENTNOR CRICKET CLUB LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
36,237
Charitable activities
Training, hall and net hire
3,507
Subscriptions
3,833
Costs of operations
-
Other trading activities
2
2,562
Investment income
3
795
Other income
2,960
Total
49,894
EXPENDITURE ON
Raising funds
96
Charitable activities
Costs of operations
65,953
Total
66,049
NET INCOME/(EXPENDITURE)
(16,155)
Transfers between funds
12
1,500
Net movement in funds
(14,655)
RECONCILIATION OF FUNDS
Total funds brought forward
944,923
TOTAL FUNDS CARRIED FORWARD
930,268		 Restricted
funds
£
2,750
-
-
-
-
-
-
2,750
-
35
35
2,715
(1,500)
1,215
-
1,215		 2021
Total
funds
£
38,987
3,507
3,833
-
2,562
795
2,960
52,644
96
65,988
66,084
(13,440)
-
(13,440)
944,923
931,483		 2020
Total
funds
£
24,869
3,822
1,959
(505)
3,832
-
1,211
35,188
172
50,471
50,643
(15,455)
-
(15,455)
960,378
944,923		 
The notes form part of these financial statements

Page 8

VENTNOR CRICKET CLUB LIMITED

BALANCE SHEET 31 OCTOBER 2021

Notes
FIXED ASSETS
Tangible assets
8
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
884,913
100
885,013
2,736
44,484
47,220
(1,965)
45,255
930,268
930,268		 Restricted
funds
£
-
-
-
-
1,215
1,215
-
1,215
1,215
1,215		 2021
Total
funds
£
884,913
100
885,013
2,736
45,699
48,435
(1,965)
46,470
931,483
931,483
930,268
1,215
931,483		 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		 
The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year
ended 31 October 2021.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 October 2021 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 9

VENTNOR CRICKET CLUB LIMITED

BALANCE SHEET - continued 31 OCTOBER 2021

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 10

VENTNOR CRICKET CLUB LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2021

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
Interest received
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		 2021
£
18,154
18,154
(5,427)
-
795
(4,632)
13,522
32,177
45,699		 2020
£
15,237
15,237
(13,025)
2,300
-
(10,725)
4,512
27,665
32,177		 
The notes form part of these financial statements

Page 11

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2021

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
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2021
£
(13,440)
32,104
-
(795)
393
(108)
18,154		 2020
£
(15,455)
31,263
(740)
-
(186)
355
15,237

2. ANALYSIS OF CHANGES IN NET FUNDS

At
Net cash
Cash at bank and in hand
Total		 1.11.20
Cash flow
At 31.10.21
£
£
£
32,177
13,522
45,699
32,177
13,522
45,699
32,177
13,522
45,699		 1.11.20
Cash flow
At 31.10.21
£
£
£
32,177
13,522
45,699
32,177
13,522
45,699
32,177
13,522
45,699
45,699
45,699 
The notes form part of these financial statements

Page 12

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021

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.

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
Motor vehicles- 20% 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 13

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021

2. OTHER TRADING ACTIVITIES
2021 2020
£ £
Fundraising events 2,457 3,476
Social events and match teas 105 356
2,562 3,832
3. INVESTMENT INCOME
2021 2020
£ £
Bank interest 795 -
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
£ £
Depreciation - owned assets 32,104 31,263
Surplus on disposal of fixed assets - (740)

5. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2021norforthe year
ended 31 October 2020.

6. STAFF COSTS

The average monthly number of employees during the year was as follows:
2021 2020
Charitable activities Nil Nil

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
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 3,832
Other income 1,211 
continued...

Page 14

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Total
EXPENDITURE ON
Raising funds
Charitable activities
Costs of operations
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 November 2020
23,000
Additions
-
At 31 October 2021
23,000
DEPRECIATION
At 1 November 2020
-
Charge for year
-
At 31 October 2021
-
NET BOOK VALUE
At 31 October 2021
23,000
At 31 October 2020
23,000		 Freehold
property
£
1,081,904
-
1,081,904
213,659
21,639
235,298
846,606
868,245		 Plant and
machinery
£
99,140
2,432
101,572
78,795
9,866
88,661
12,911
20,345		 Motor
vehicles
£
-
2,995
2,995
-
599
599
2,396
-		 Unrestricted
funds
£
35,188
172
50,471
50,643
(15,455)
960,378
944,923
Totals
£
1,204,044
5,427
1,209,471
292,454
32,104
324,558
884,913
911,590

8. TANGIBLE FIXED ASSETS

continued...

Page 15

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

9. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 November 2020 and 31 October 2021 100
NET BOOK VALUE
At 31 October 2021 100
At 31 October 2020 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

10.

%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
Profit for the year
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Intercompany account
Accrued income
Prepayments		 31.10.21
£
23,495
25,640
2021
£
998
319
1,419
2,736		 31.10.20
£
9,355
11,705
2020
£
1,289
288
1,552
3,129		 
continued...

Page 16

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
Accrued expenses		 2021
£
400
1,565
1,965		 2020
£
400
1,673
2,073
12.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Maintenance fund
Grant funded assets
JC Rogers trust fund
Restricted funds
Shed fund
England and Wales Cricket Trust (children
and/or women)
TOTAL FUNDS		 At
1.11.20
£
77,096
7,560
856,634
3,633
944,923
-
-
-
944,923		 Net
movement
in funds
£
7,133
-
(23,288)
-
(16,155)
1,500
1,215
2,715
(13,440)		 Transfers
between
funds
£
1,500
-
-
-
1,500
(1,500)
-
(1,500)
-		 At
31.10.21
£
85,729
7,560
833,346
3,633
930,268
-
1,215
1,215
931,483 
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 49,894 (42,761) 7,133
Grant funded assets - (23,288) (23,288)
49,894 (66,049) (16,155)
Restricted funds
Shed fund 1,500 - 1,500
England and Wales Cricket Trust (children
and/or women) 1,250 (35) 1,215
2,750 (35) 2,715
TOTAL FUNDS 52,644 (66,084) (13,440) 
continued...

Page 17

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

12. 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
1.11.19
£
69,263
7,560
879,922
3,633
960,378
960,378		 Net
movement
in funds
£
7,833
-
(23,288)
-
(15,455)
(15,455)		 At
31.10.20
£
77,096
7,560
856,634
3,633
944,923
944,923 
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 35,188 (27,355) 7,833
Grant funded assets - (23,288) (23,288)
35,188 (50,643) (15,455)
TOTAL FUNDS 35,188 (50,643) (15,455) 
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.

Shed Fund: Includes funds received towards the purchase of a new shed for storage.

Englandand Wales Cricket Trust (childrenand/or women) Fund: Includes funds received towards increasing the
number of children (boys and girls) and/or women participating in the game.

continued...

Page 18

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021

13. RELATED PARTY DISCLOSURES

Thecharityoperatesatradingsubsidiary,VentnorCricketClubTradingLimited.Sharesinthesubsidiary are
heldintrustforthecharitybycharitytrustees.Duringtheyearto31October2021thetrading subsidiary
generated taxable profit of £26,798 (2020 - £11,800),and donated £11,500 (2020 - £8,500) to the charity.At  31
October 2021 a balance of £998 (2020 - £1,289) was owed to the charity by the trading subsidiary.

Page 19

VENTNOR CRICKET CLUB LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021

2021 2020
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 4,835 6,319
Donation from Ventnor Cricket Club Trading
Limited 11,500 8,500
Grants 22,652 10,050
38,987 24,869
Other trading activities
Fundraising events 2,457 3,476
Social events and match teas 105 356
2,562 3,832
Investment income
Bank interest 795 -
Charitable activities
Subscriptions 3,833 1,959
Training, hall and net hire 3,507 3,317
7,340 5,276
Other income
Solar panel rebate 987 1,211
Sundry receipts 1,973 -
2,960 1,211
Total incoming resources 52,644 35,188
EXPENDITURE
Raising donations and legacies
Social events and match teas 96 -
Fundraising - 172
96 172
Support costs
Other
Premises costs 15,635 11,540
Carried forward 15,635 11,540 
This page does not form part of the statutory financial statements

Page 20

VENTNOR CRICKET CLUB LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021

2021 2020
£ £
Other
Brought forward 15,635 11,540
Ground maintenance 6,067 5,298
Cost of activities 8,279 1,012
Travel 1,970 148
Bank charges 52 137
Administration costs 921 553
Independent examiners fee 960 1,260
Depreciation of tangible fixed assets 32,104 31,263
Profit on sale of tangible fixed assets - (740)
65,988 50,471
Total resources expended 66,084 50,643
Net expenditure (13,440) (15,455) 
This page does not form part of the statutory financial statements

Page 21