```
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
```
- `(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 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
```