Digitally Signed Document Document ID: 3988E0780A4348
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1188 accounts 31.10.22 (charity).PDF |
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Bright Brown |
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Mark Fletcher |
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boo_fletch@hotmail.com |
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| Date & Time: |
30/07/2023 23:03:27 PM (BST) |
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109.234.179.161 |
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The financial statements were approved by the
board of directors. |
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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 2022
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 2022
|
Page |
|
Report of the Trustees |
1 to |
5 |
Independent Examiner's Report |
6 |
|
Statement of Financial Activities |
7 |
|
Balance Sheet |
8 to |
9 |
Cash Flow Statement |
10 |
|
Notes to the Cash Flow Statement |
11 |
|
Notes to the Financial Statements |
12 to |
19 |
Detailed Statement of Financial Activities |
20 to |
21 |
VENTNOR CRICKET CLUB LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2022
The trustees who are also directorsof the charityfor the purposes of the CompaniesAct 2006, present their report with
the financialstatementsof the charityfor the year ended 31 October 2022. The trustees have adoptedthe provisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(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 promotion of communityparticipationin healthy recreationfor the benefit of 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 and a general report of Club Activities:
This year has been one of the most successfulboth on and off the pitchfor many years.The number playingcricket has
increasedatnearlyallagesandseveralmajorimprovementshavebeenmadeorplannedtotheinfrastructureof the
Club.However,theseasonhasendedwithamajorproblemfacingallClubsintheproposedincreaseincostof energy
and materials. More will be mentioned later in the report.
Roy George aftermanyyearsas Chairof the ExecutiveCommitteeresigned.Roy has been an importantmember of the
committeeespeciallyoverthelastfewyearsofthepandemic.Hisabilitytounderstandandrelatethechanges in
regulationswas of great value to the Club. The good news is that he is continuingthe many tasks he already does for the
Club.Asamemberofthefinancecommittee,hehashelpedtomaintainthebudget.Livinglocally,heisoften seen
aroundthe ground doing the more mundanejobs such as clearingthe bins, rolling the pitch,and especiallydealing with
our erratic alarm system.
We have been luckyto encouragea localClub member,ex playerand a long-termsupporterof the Club to takeon the
task of Chair. Simon Rodley is a well-knownIsland resident and the meetings have continuedto be successful.Thanks to
Roy for his time as Chair and to Simon for taking on the role.
The ExecutiveCommittee has met monthly during the year. The plan was to meet at the ground and in person. We soon
foundthattoallowtheeaseofattendance,especiallyforthoseonthemainland,wewouldincludeazoomlinkto all
meetings.ThishasworkedwellandhasallowedmemberswhenawaytojointhemeetingsfromtheUSAand South
Africa.Fionaasmeetingsecretaryproducestheminuteswithinashorttimeoftheendofthemeeting.Weare very
lucky to have such a conscientious set of committee members.
Appendix 1: Development Plans 2022 - Club and Executive
The cricketside of the Clubhashadone of the bestseasonsfor years.The CricketCommitteeunderRobSnelland Ben
Woodhousesupportedby the team captainshas made a great differenceto our playingactivities.The season had been
planned with two senior league side plus a friendly team backed up by teams at u15, u13, u11.
By Januarytheyhad addeda team in the IWCB league.This was an interestingdevelopmentas it was a jointteam with
Arreton. Usually,these mixed teams do not work very well but with Kevin Cooper from Arreton working with Mark Price
theyfulfilledalltheirfixtures.Therealimportanceofthisteamisthatitallowedsomeofouryoungerplayers and
players unable to commit to travelling to the mainland the chance to play for their Clubs.
Page 1
VENTNOR CRICKET CLUB LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2022
Appendix 1: Development Plans 2022 - Club and Executive continued
ThefirstX1secureditsplaceinDiv1oftheSouthernLeague.Althoughwehadanoverseasplayerwhomadea good
contributionwith bothbat and ball manyof our own playersmade theirmark in games.It was also possiblefor several
of our younger players to experience this higher standard of cricket.
The2ndX1continuedintheHampshireCricketLeagueandintheendwerealittledisappointednottobe promoted.
Thebonusforthisteamwasthereturnof BenDaviesascaptain.He startedwithus asa youngsterbutthenfor many
yearshas lived and playedon the mainland.To have such an experiencedplayercomingbackto Ventnorhelpedbed in
several new and younger players.
Wealsocontinuedtoplayfriendlymatcheswhichonceagainallowedthechanceforanybodytohaveagame. Kevin
Attrill always made sure that everyone took an active part in the game.
Appendix 2: Senior Cricket Report 2022
FortheTrusteesit is no surprisetheseasonwentso well as we were so luckyhavingsuchtalentedpeoplerunning the
teams.Wewouldalsoliketothankthemanyotherswhoareneededtomakethegamespossible.Onceagain, we
receivedsomehighmarksforourground.AliCottonhasbeenwillingtolendhisknowledgeandexperiencein ground
managementtotheworkplan.HehashelpedMartinWooddevelophisknowledgeasgroundsman.Martinhas been
verysupportiveofthejuniorteamsprovidingpitches,sometimesatshortnotice.Thanksalsogototheumpires and
scorerswith a specialmentionto FionaNewnhamfor becominga highlyqualifiedscorer.Manyvolunteershave helped
withcuttingthegrass,rollingthepitch,andkeepingthegroundlookingimmaculate.Wemustnotforgetthe time
parents put into supporting the Club. We thank you all.
Appendix 3: Volunteers 2022
Our overseas player this year was Dineth Thimodyafrom Sri Lanka.Diny soon became a very popularfigure in the Club.
Hesetprofessionalexamplestotheseniorplayersandmadegoodcontributionsinmatches.Whatsethimapart from
some previous players was his willingness to take part at all levels of the Club. He had a good relationshipwith the junior
sideoftheClubandenjoyedworkingwitheventheAllStars(u9s).Allthecoachesappreciatedhiscontribution.He is
keen to return next year, and plans are in place to make this possible.
Oneoftheobjectivesoftheclubistomakecricketavailabletoanyoneandthishasbeenshownbythe numbers
involved in senior cricket and the number of u18s playing. The other area of cricket that expanded this year has been the
junior,womenandgirls'cricket.Twou15teamsandtwou13teamsenteredtheleaguesthisseasonaswellas two
teamsintheindoorcompetition.Withtheexpansionofourseniorcricketmanyofthisyoungergroup experienced
seniorcricket.Thiswasonlypossiblebecauseofthehardworkofthecoachesandhelpers.Theirachievement was
marked by the whole junior cricket committee being award the title of Clubman of the year.
Appendix 4: Junior Cricket Report 2022 - See Appendix 6 for Honours and Award Winners 2022
For several years, the Club has tried to develop Girls and women's cricket. In the past girls have always been allowed and
encouragedtoplayintheboy'steams.Thisyeartherehasbeenanationalschemetoencouragegirlsandwomen to
formtheirownteams.Itispleasingtoreportthatnotonlydidtheycometopractice,butregulargameswere played
includingthefirstgirlsleagueontheIsland.Onceagainthiscouldonlybedonebyhavingacoachwillingto dedicate
themselvestothegirls.RuthNoyestookonthetaskofdevelopingthegirls,startingwithtwoorthreeona Tuesday
evening and finishingthe season with a full squadof players.We could not have managedthis withoutRuth'sdrive and
encouragement.She also, with the support of other coaches, ran a successful'Summer Camp' making use of ECB funded
grant aid.
Page 2
VENTNOR CRICKET CLUB LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2022
Appendix 5: Girls' and Women Cricket
Thereisalittlemoreconcernforouru11squad.Theseseemtohavesufferedmorewiththedifficultyofplaying both
withinschoolsandclubs.ThisyearournumbersforbothAllStars(u9s)andDynamos(u11)were down.Theones who
camewereenthusiasticandenjoyedthesessions.Thisdropinnumberswasalsoseeninouru11leagueteam. Our
worryisthatthenumbersofstudentsinprimaryschoolsisfallingandtwoofourmainfeederschoolshavenot been
takingpart in wider sportsactivities.We held our normalPrimaryCricketFestivalbut only two schoolsattended.This is
a problem we will have to try to rectify.
The season went very well but September saw the start of major financialproblems for all sports clubs. The projection of
ourenergycostsforthecomingyearlookshorrendous.Addedtothoseproblemsistheriseinthecostofrepairs. We
have met this problemhead on and the FinanceCommitteecontinuesto look for ways to cope with the extra costs and
tokeeptoourplannedexpenditureonrepairs.Wehavemadeuseofeverygrantthathasbeenavailableandtried to
lookmorecarefullyatourfutureneeds.Therealityisthatthepresenthighcostofrunninggamesisonlygoing to
increase.
Weareindebtedtoanexperiencedfinancecommitteewhohaveproducedaccurateaccountsforevery executive
meeting and are looking at ways to deal with all our extra costs.
Ruth Noyes, Coordinator Girls' and Women Cricket
Appendix 8: Sponsorship 2022
2022saw a changein the organisationof ClubMark.In the pastit was a SportsEnglandawardfor a childfriendly and
wellorganisedclub.ThisyeartheECBhastakenovertheorganisation.Wewereinthefirst100clubstoreceive Club
Mark and therefore we were one of the first to go through the new process. No other cricket club on the Island has Club
Mark and it is pleasing to report that we successfully achieved our re-accreditation.
TheTrusteesnotethattherewillbemajorchallengesduring2023butwouldliketothankallthemanyclub members
and volunteers (too numerous to name) who have worked so hard to make 2022 such a successful year.
FINANCIAL REVIEW
Review of financial activities
Appendix 7: Financial Report 2022 To be presented at the AGM
WehavecontinuedtoreceivesponsorshipfromseveralsourceswithRedFunnelagainbeingourmajor sponsor.
Withoutthe sponsorshipof Red Funnel the cost of our weekly travel to Hampshirecould be prohibitive.Thankyou very
muchandwe hopethatthesignageonthegroundandourplayingsuccessunderVentnorRedFunnelhashelped the
name of Red Funnel.SSC has sponsoredthe colouredclothingfor our juniorplayers.The systemof matchsponsors has
continued and makes an excellent contribution to our funds.
Reserves policy
Attheyearendthecharityholds£923,054(2021-£931,483)inreserves,£923,054(2021-£930,268)ofwhich is
unrestricted, and of this free reserves not invested in fixed assets amount to £38,041 (2021 - £45,255).
Of this £3,633 (2021 - £3,633) is designatedas for the JC Rogers Trust fund, set aside for expenditureon the club's under
16s team the colts, and £7,560 (2021 - £7,560) has been allocatedto the maintenancefund set aside for potential future
maintenance costs, leaving £26,848 (2021 - £34,062).
Thereservesareheldtoallowthecharitytofunctionwithflexibilityandtoallowittodealwithcashflow fluctuations
and meet the unexpectedexpensesthatcan arise in runningthe club.The trusteesare aimingto increasereservesto a
level of £40,000at which point it will be budgeted to maintainthis level, with investmentsand maintenance programme
factored into the 1-5 year budget schedules.
Page 3
VENTNOR CRICKET CLUB LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2022
FUTURE PLANS
Aswelookforwards,weknowthattheclubwillfeeltheimpactsofthecurrentcostoflivingcrisis,including the
significantincreasesin utilitycosts.In addition,the club's main buildingsare approaching20 years old and the levels of
maintenance required are increasing year on year.
ForbothGasandElectricity,wehavecometotheendoflongcontractsandtherateperunithas increased
considerably, up to as much as 5 times as much in the case of electricity.
Theclubislookingatmoreefficientandgreenerwayofoperating,butthesecancomeatinitialhighcoststo change
heating systems, convert lighting to LED and invest in additional solar panels for example.
Sponsorship,fund raising and income throughthe Trading element of the club such as the holidaylodge and the bar will
be more important this year to support the additional expenditure forecast.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charityis controlledby its governing document the memorandumand articles of associationdated 20 January 2011,
and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The memorandumand articlesof associationstate that there must be a minimum of three trustees.Each year one third
of the trustees are required to retire by rotation at the annual general meeting.
Trusteesmaybeappointedbyordinaryresolutionatgeneralmeeting,ifproposedforre-electionbythetrustees,or if
nominated for election by a member and notice is given prior to the meeting.
The trustees may also appointa new trustee by resolutionof the trustees. Any trustee appointedin such a 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.
Whilst we have some immediatefinancialrisks with the currentcosts of utilities,the club feels unableto invest in other
areas such as the new balcony steps, much needed mower and re-carpeting the changing room in this financial year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07286116 (England and Wales)
Registered Charity number
1141876
Page 4
VENTNOR CRICKET CLUB LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2022
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.
Garbetts (IOW) Limited
Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ
This report has been prepared in accordancewith the special provisions of Part 15 of the Companies Act 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 5
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')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2022.
Responsibilities and basis of report
As the charity'strustees of the Company (and also its directors for the purposes of company law) you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Havingsatisfiedmyselfthatthe accountsof the Companyare not requiredto be auditedunderPart16 of the 2006 Act
and are eligible for independentexamination,I report in respect of my examinationof your charity'saccountsas carried
outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed 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.
Garbetts (IOW) Limited
Newport
Isle of Wight
Date: .............................................
Page 6
VENTNOR CRICKET CLUB LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2022
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
52,711
Charitable activities
Training, hall and net hire
9,135
Subscriptions
3,341
Other trading activities
2
7,147
Investment income
3
-
Other income
596
Total
72,930
EXPENDITURE ON
Raising funds
470
Charitable activities
Costs of operations
79,674
Total
80,144
NET INCOME/(EXPENDITURE)
(7,214)
RECONCILIATION OF FUNDS
Total funds brought forward
930,268
TOTAL FUNDS CARRIED FORWARD
923,054 |
Restricted
funds
£
1,000
-
-
-
-
-
1,000
-
2,215
2,215
(1,215)
1,215
- |
2022
Total
funds
£
53,711
9,135
3,341
7,147
-
596
73,930
470
81,889
82,359
(8,429)
931,483
923,054 |
2021
Total
funds
£
38,987
3,507
3,833
2,562
795
2,960 |
|
|
|
52,644 |
|
|
|
96
65,988 |
|
|
|
66,084 |
|
|
|
(13,440)
944,923 |
|
|
|
931,483 |
The notes form part of these financial statements
Page 7
VENTNOR CRICKET CLUB LIMITED
BALANCE SHEET 31 OCTOBER 2022
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
13
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
879,081
100
879,181
4,399
42,231
46,630
(2,757)
43,873
923,054
923,054 |
Restricted
funds
£
-
-
-
-
1,000
1,000
(1,000)
-
-
- |
2022
Total
funds
£
879,081
100
879,181
4,399
43,231
47,630
(3,757)
43,873
923,054
923,054
923,054
-
923,054 |
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 |
The charitablecompanyis entitledto exemptionfrom auditunderSection477of the CompaniesAct2006for the year
ended 31 October 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 October 2022 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 8
VENTNOR CRICKET CLUB LIMITED
BALANCE SHEET - continued 31 OCTOBER 2022
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 9
VENTNOR CRICKET CLUB LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2022
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
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
2
Cash and cash equivalents at the end of the
reporting period
2 |
2022
£
14,472
14,472
(17,940)
-
(17,940)
(3,468)
45,699
42,231 |
2021
£
18,154
18,154
(5,427)
795
(4,632)
13,522
32,177
45,699 |
|
|
|
The notes form part of these financial statements
Page 10
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2022
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
Interest received
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents |
2022
£
(8,429)
23,772
-
(1,663)
792
14,472
2022
£
427
42,804
(1,000)
42,231 |
2021
£
(13,440)
32,104
(795)
393
(108)
18,154
2021
£
480
45,219
-
45,699 |
|
|
|
3. ANALYSIS OF CHANGES IN NET FUNDS
At
Net cash
Cash at bank and in hand
Bank overdraft
Total |
1.11.21
Cash flow
At 31.10.22
£
£
£
45,699
(2,468)
43,231
-
(1,000)
(1,000)
45,699
(3,468)
42,231
45,699
(3,468)
42,231 |
|
|
The notes form part of these financial statements
Page 11
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedin accordancewith the CharitiesSORP(FRS 102)'AccountingandReportingby Charities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicablein theUK andRepublicof Ireland'and the
Companies Act 2006. The financialstatementshave been prepared under the historicalcost convention,with the
exception of investments which are included at market value.
Income
All incomeis recognisedin 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
charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlement and
the amount of the obligationcan be measured reliably. Expenditureis accountedfor on an accruals basis and has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated 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.
Restricted funds can only be used for particularrestricted purposes within the objects of the 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 12
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
2. OTHER TRADING ACTIVITIES
2. |
OTHER TRADING ACTIVITIES |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Fundraising events |
7,147 |
2,457 |
|
Social events and match teas |
- |
105 |
|
|
7,147 |
2,562 |
3. |
INVESTMENT INCOME |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Bank interest |
- |
795 |
4. |
NET INCOME/(EXPENDITURE) |
|
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Depreciation - owned assets |
29,063 |
32,104 |
5. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2022norforthe year
ended 31 October 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
Charitable activities
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
36,237
Charitable activities
Training, hall and net hire
3,507
Subscriptions
3,833
Other trading activities
2,562
Investment income
795
Other income
2,960
Total
49,894 |
2021 |
2020 |
|
Nil |
Nil |
|
|
|
|
Restricted
funds
£
2,750
-
-
-
-
-
2,750 |
Total
funds
£
38,987
3,507
3,833
2,562
795
2,960 |
|
|
52,644 |
continued...
Page 13
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
EXPENDITURE ON
Raising funds
Charitable activities
Costs of operations
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 November 2021
23,000
Additions
-
At 31 October 2022
23,000
DEPRECIATION
At 1 November 2021
-
Charge for year
-
Charge written back
-
At 31 October 2022
-
NET BOOK VALUE
At 31 October 2022
23,000
At 31 October 2021
23,000 |
Freehold
property
£
1,081,904
-
1,081,904
235,298
21,639
-
256,937
824,967
846,606 |
Unrestricted
funds
£
96
65,953
66,049
(16,155)
1,500
(14,655)
944,923
930,268
Plant and
machinery
£
101,572
-
101,572
88,661
3,237
(5,291)
86,607
14,965
12,911 |
|
Restricted
funds
£
-
35
35
2,715
(1,500)
1,215
-
1,215
Motor
vehicles
£
2,995
17,940
20,935
599
4,187
-
4,786
16,149
2,396 |
Total
funds
£
96
65,988
66,084
(13,440)
-
(13,440)
944,923
931,483
Totals
£
1,209,471
17,940
1,227,411
324,558
29,063
(5,291)
348,330
879,081
884,913 |
Total
funds
£ |
|
|
|
|
|
|
96
65,988 |
|
|
|
|
|
|
66,084 |
|
|
|
|
|
|
(13,440)
- |
|
|
|
|
|
|
(13,440)
944,923 |
|
|
|
|
|
|
931,483 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
Page 14
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022
9. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
MARKET VALUE |
|
At 1 November 2021 and 31 October 2022 |
100 |
NET BOOK VALUE |
|
At 31 October 2022 |
100 |
At 31 October 2021 |
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 |
31.10.22
£
18,144
23,049
2022
£
204
699
3,496
4,399 |
31.10.21
£
23,495
25,640
2021
£
998
319
1,419
2,736 |
|
|
|
continued...
Page 15
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2022
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 12)
Accruals and deferred income
Accrued expenses
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Maintenance fund
Grant funded assets
JC Rogers trust fund
Restricted funds
England and Wales Cricket Trust (children
and/or women)
TOTAL FUNDS |
At
1.11.21
£
85,729
7,560
833,346
3,633
930,268
1,215
931,483 |
2022
£
1,000
400
2,357
3,757
2022
£
1,000
Net
movement
in funds
£
13,061
-
(20,275)
-
(7,214)
(1,215)
(8,429) |
2021
£
-
400
1,565
1,965
2021
£
-
At
31.10.22
£
98,790
7,560
813,071
3,633 |
2021
£
-
400
1,565 |
|
|
|
|
1,965 |
|
|
|
|
2021
£
- |
|
|
|
923,054
- |
|
|
|
|
923,054 |
|
continued...
Page 16
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
Unrestricted funds |
|
|
|
General fund |
72,930 |
(59,869) |
13,061 |
Grant funded assets |
- |
(20,275) |
(20,275) |
|
72,930 |
(80,144) |
(7,214) |
Restricted funds |
|
|
|
England and Wales Cricket Trust (children |
|
|
|
and/or women) |
- |
(1,215) |
(1,215) |
England and Wales Cricket Trust (Inspired |
|
|
|
To Play) |
1,000 |
(1,000) |
- |
|
1,000 |
(2,215) |
(1,215) |
TOTAL FUNDS |
73,930 |
(82,359) |
(8,429) |
Comparatives for 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 |
continued...
Page 17
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022
13. MOVEMENT IN FUNDS - continued
Comparative 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) |
MaintenanceFund:Includesfundssetasidebythetrusteesforthemaintenanceoftheclub'sbuilding and
facilities.
GrantFundedAssets:Includesfundsmadeupofthenetbookvalueofassetsaquiredundergrant funding
providedspecificallyforthatpurpose.Alargeproportionofthefundismadeupoftheclubhouse,with some
additionalequipmentfundedmakinguptheremainder.Fundsof£23,288weretransferredoutofthefund 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.
EnglandandWalesCricketTrust(childrenand/orwomen)Fund:Includesfundsreceivedtowardsincreasing the
number of children (boys and girls) and/or women participating in the game.
EnglandandWalesCricketTrust(InspiredToPlay):Includesfundsreceivedtowardsincreasingthenumber of
children (boys and girls aged under 18 years) participating in recreational cricket during the summer holidays.
continued...
Page 18
VENTNOR CRICKET CLUB LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022
14. RELATED PARTY DISCLOSURES
The charityoperates a trading subsidiary,Ventnor Cricket Club Trading Limited.Shares in the subsidiaryare held
in trustfor the charityby charitytrustees.Duringthe year to 31 October2022 the tradingsubsidiary generated
taxableprofitof £23,670(2021- £26,798),anddonated£28,400(2021- £11,500)to thecharity.At 31 October
2022 a balance of £204 (2021 - £998) 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 2022
|
2022 |
2021 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
24,311 |
4,835 |
Donation from Ventnor Cricket Club Trading |
|
|
Limited |
28,400 |
11,500 |
Grants |
1,000 |
22,652 |
|
53,711 |
38,987 |
Other trading activities |
|
|
Fundraising events |
7,147 |
2,457 |
Social events and match teas |
- |
105 |
|
7,147 |
2,562 |
Investment income |
|
|
Bank interest |
- |
795 |
Charitable activities |
|
|
Subscriptions |
3,341 |
3,833 |
Training, hall and net hire |
9,135 |
3,507 |
|
12,476 |
7,340 |
Other income |
|
|
Solar panel rebate |
596 |
987 |
Sundry receipts |
- |
1,973 |
|
596 |
2,960 |
Total incoming resources |
73,930 |
52,644 |
EXPENDITURE |
|
|
Raising donations and legacies |
|
|
Social events and match teas |
175 |
96 |
Fundraising |
295 |
- |
|
470 |
96 |
Support costs |
|
|
Other |
|
|
Premises costs |
22,999 |
15,635 |
Carried forward |
22,999 |
15,635 |
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 2022
|
2022 |
2021 |
|
£ |
£ |
Other |
|
|
Brought forward |
22,999 |
15,635 |
Ground maintenance |
14,821 |
6,067 |
Cost of activities |
12,691 |
8,279 |
Travel |
2,824 |
1,970 |
Bank charges |
72 |
52 |
Administration costs |
3,414 |
921 |
Independent examiners fee |
1,296 |
960 |
Depreciation of tangible fixed assets |
23,772 |
32,104 |
|
81,889 |
65,988 |
Total resources expended |
82,359 |
66,084 |
Net expenditure |
(8,429) |
(13,440) |
This page does not form part of the statutory financial statements
Page 21