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2024-10-31-accounts

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Filename: 1188 accs 31.10.24.PDF Client of: Bright Brown

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Name: Mark Fletcher Email: boo_fletch@hotmail.com Date & Time: 30/07/2025 16:14:00 PM (BST) IP Address: 208.127.199.58 The financial statements were approved by the Signing Statement: board of trustees.

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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 2024

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 2024
Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 20
Detailed Statement of Financial Activities 21 to 22 
VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024

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 2024. 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 active years for the Club both on and off the field. The year began with a pond  taking
up most of the Love Lane side of the ground. Several major decisions have been made which will have a lasting effect on
the developmentof the club.These decisionshave meant a leap in faithand commitmentby all sides of the Club. 2025
sees the 175th anniversary of the Club and many events and projects have been planned.

Lastyearsaw two majorreportson the facilitiesandthe projectedcostof maintenance.The taskof followingup these
reportswereundertakenbyourFinanceandFacilitiesgroup.We cannotspeakhighlyenoughofthethoughtand care
that went into every decision. Every avenue of obtainingfinancialhelp was explored includinggrants, loans, sponsorship
and the most difficult was the use of our reserves.

Our basicprincipleis 'wouldthe developmenthelp us meet futurecosts'.Projectsincludedthe renewingof our lighting
systemtomakeitmoreefficient,especiallyinoursportshall.Anincreaseinthenumberofsolarpanels.Anew gas
boiler has been installed.The major buildingprojecthas been the replacementof the outsidesteps leadingthe balcony
andoutsidedoorsofthechangingrooms.Thisisstillinprogress,andweareindebtedtosponsorsformaking this
project possible.

This year has seen the return of the IWCB using the sports hall for many of its group sessions. About six years ago we  lost
all these groupsand it had a majoreffect on our finances.Our relationshipwith the IWCB has improvedgreatlyand we
have tried to make sure we make our facilitysuitablefor top qualitycoaching.We are also lookingat makingmore club
facilities available for hire.

The Lodgehas againprovidedus with a good incomealthoughevery year has seen the need for further improvements.
A new floor has been laid and roof tiles fixed. The good news is that we have now been allowed to have a winter let. This
will help with our cash flow. Much of this work has been carriedout by Alan Parkerand we are indebtedto him for the
workontheseimprovements.ThanksalsotoAlanandhisteamofhelpersfortheirregularworkonthe changeover
days.

The Club has such a talented and hard-working finance group and our thanks go to all the team.

Appendix 1 Finance, Budget and Facilities Report

Page 1

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

In the last few years, we have run a 3rd XI in the IWCB league on a Saturdayto try to give our younger (14 to 18) players
a chance to play adult cricket and to include the more senior playerswho are unable to travel for our Hampshire teams.
RobSnell,ourChairof Cricketcameup withtheideaof a 4thXI to playin theIWCBleague.Thiswas met witha great
deal of surprise and questionedby many. How wrong we were!At the end of the season four senior teams including our
new4thXI,playedleaguecricketonaSaturday.AsocialteamplayedregulargamesonSundaysandThursdays. The
juniorsection,u11,u13andu15playedinleaguesandcupcompetitions.Theothergoodnewsisthatthewomens &
girlssection,includingu11,u14andLadies,playedinleaguesandcupcompetitions.Manycannotremembera time
when we have been able to offer so much cricket.

Torunsomany,variedteamsrequiredastrongteamofvolunteersofcaptains,managers,coaches,umpires and
bar/foodmanagers.The trustees would like to thank all the volunteerswho have worked so hard to make the season so
successful.

Appendix 2 Junior Cricket

The cricket committee has proposed a five-year plan to try to manage the developmentof cricket within the Club. This is
important,especiallyfortheyoungeragegroups.Thenumberinprimaryschoolsisfallingandthepressureto involve
the youngstersis becomingharder.Since Covid it has remaineddifficultto involve the juniors.Chance to Shine, All  Stars
andDynamosare stillrunningbutnumbershave been down.One of the mainaims thisyearis to attractthe u9 age so
that we can build up some continuity in age groups throughout the juniors.

The seniors have had a good season,the 1st XI maintainedtheir positionin the SCPL and the 2nd XI won their league in
theHCL.Thiswasveryimportantasthereisare-organisationoftheleagues,andwehavemaintainedour position
within the best possible league.

The3rdXIand4thXIhadsuccessfulseasons,andtheimprovementintheyoungerplayerswasexcellent.Thanks must
go to the captainsof theseteamsandespeciallyto the socialteamswho havemadeeveryeffortto makethese games
inclusive to all players. This has been appreciated by the lads.

Appendix 3 Senior Cricket

Twooftheyoungerplayersdeserveaspecialmention.JessGloverstartedwithusau9andasgirl'scricket has
developed,shehasbeenregularlyinvolvedwithIWCBandHampshire.Thisyearshescoredhermaiden50,making 75
notoutfortheLadiesXIvNewportandmoreimportantlyscoredhermaiden100,making145fortheIWCBu15 Girls
team v Herefordshire.

Sam Miils scored over 1000 runs over the course of the season,playingnot only for our 1st XI but also Rugby School 1st
XI, Hampshireu16s and variousIW Islandrepresentativeteams.His highestscore of 94 was for the IW senior XI in their
victory vs the MCC. Well done to Sam and we look forward to seeing his continued development at Ventnor and beyond.

Appendix 4 Women and Girls

Dini returnedfor a secondyear as our OverseasPlayer.He has contributedto all areasof the Club.As a playerhis skills
bothwiththebatandballwasimportantinmanyofourleaguegames.Hemadehimselfavailabletosupport every
section of the Club.

Appendix 5 Honours Board

Anewdevelopment,withtheaimofmakingtheClubmoreinclusive,wasstartedthisyear.ChampionCricketwas an
ECBinitiativetoencouragedisabilitycricket.Wehavereceivedgrantstohelpwiththecostofcoachinganduse of
facilities. Martin Blackman has led this scheme.

Page 2

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024

Maintainingthegroundandsquaretocopewithallthesegamestakesagreatdealofeffortfrommanypeople. Ali
Cottonhascontinuedtohelpwiththeorganisationoftheworkandpreparationofthewickets.Aregulargroup will
spend a couple of hours at a time rolling the wicket. Another rota of people will cut the outfield. The remaining surround
will be looked after by other volunteers. The square receives regular high marks by SCPL.

The ExecutiveCommitteehas met regularlyduringthe year.To make meetingsmore availablewe do offer a zoom. We
have continuedto try to develop working groups for most areas of the club. This has greatlyhelped the management of
meetings as we are receiving detailed proposals rather than having to start the process in the meeting.

Oneofourworriesovertheyearshasbeenlinkingourconstitutionwithorganisations.Weareacharityaswellas a
company. We have a responsibilityto the ECB and these days to all the child welfare legislation.We are lucky to have Bill
Nicholsin the Club.He is very experiencedin businesslaw and otherassociatedbusinessmatters.Bill has reviewed our
constitutionwhichhasbeenpresentedto the executivecommittee.Thishasbeenacceptedandwill be includedin our
AGM.

WehaveonceagainhadourClubMarkre-accredited.Thisyearwasstraightforward,nextyearwillbea full
self-assessmentfollowedin 2026by a full assessment.We are stillthe onlyClub on the Islandthatis Club Marked, and
we should be proud that we have maintained this since the scheme began.

Safeguardingis becoming a major issue for all clubs, and it will only become more important.The ECB has asked clubs to
look at a programmecalled'Raisingthe Game'. This not only includessafeguardingbut also inclusion.We hope a  group
will look at this and lead a discussion at the AGM.

Communicationis always a problem within clubs. Various social media systems have been used over the years. This  year
wehaveadoptedasystemcalledSpondwhichcanincludemembership,individualgroupssuchasteams,can post
selectionsand availability,Club events and many more actions.This has been our first season and graduallyit is  starting
show that it should improve information sharing for Club members.

We have received excellent support from all our sponsors. Red Funnel have continuedto be our major sponsor. Without
the supportof Red Funnelour participationin the SCPLandthe HCL wouldbe financiallydifficult.Pleasesupport them
whenever you can. Information about Red Funnel is on our web sites and other social media.

This year we have had specialsupportfrom members to help pay for the new outdoorstaircaseleadingto the balcony.
We looked at many ideas but, in the end decided that we needed to keep it in characterwith the pavilion.Thank you to
those who made it possible.

Others have sponsored events or matches and have made a great contribution to the Club, thank you.

Appendix 6 Sponsors

FundRaisingis playingan importantpartbothfinanciallyandsocially.Lou andBen Woodhousehavetakenon the role
of fund raisers. A regular number of events have been held as well as special events.

A great deal of planningis going into next season when we will be celebratingour 175th anniversary.The Club started in
1850,andseveralspecialeventsare plannedfor nextseason.This will includespecialgames,a Club dinnerand regular
events. The aim will be to make the Club once again a focal part of the community.

Appendix 7 Volunteers

NoClubwillbesuccessfulwithoutthevolunteers,playersandofficials.Werelyheavilyonourvolunteersandat last
count 57 men were doing 126 jobs and 20 women doing 44 tasks. Ventnor has always been a special Club because of  the
widerangeandvarietyofourmembers.TheTrustees,Presidentandexecutivecommitteethankyouforallyour hard
work.

Page 3

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024

Finally,a lastpieceof goodnews.Fionareceiveda BEMfor servicesto sportin theNew Year'shonourlist.Thoseof us
whohaveknownFionaformanyyearsappreciateherconstantworkforourClubasacommitteemember,an active
playingofficial,a roleshenowfillswiththeIWCBandHampshire,driverandorganiserof theminibusandmany other
jobswithintheClub.Shehasalsomadeagreatcontributiontothelocalactivities.CongratulationsFi,a well-deserved
award.

FINANCIAL REVIEW

Financial position

The financialdeliveryof VentnorCricketClubandfinancialdecisionmakingprocessis coordinatedthroughthe Finance
Committee, which is a sub-committee of the Club Executive committee

Thefinancecommitteemeetsapproximatelyevery2 monthsandholdstheresponsibilityformanagingthemajority of
the financial and business elements of running the Cricket Club.   The group leads on and assesses the following areas;

Our thanks go to the finance group:

Onanannualbasisthecricketclubincursrunningcostsrangingfrom£50,000to£60,000,withthelargest proportion
beingbuildingoverheads,especiallyenergyandmaintenancecostsandthecricketgroundpreparationcosts. The
cricketrelatedincome,includingmembership,fundraisingandsponsorshipdoesn'tcovertheseexpensesandthe club
reliesontheTradingrelatedbar,cateringandlodgeincometobridgetheannualcostsaswellascontributeto the
increasingmaintenancecoststhatarelikelytobe incurredmorefrequentlywitha clubhousebuildingthatis now over
20 yearsold.We are alsogreatlyappreciativeof the generousdonationsmadeby members,some of whichhave been
very substantial during the past 12 months.

The dramaticincreasein energycost2 yearsago meantthatwe hadto focuson reducingthesecostsandresultedin a
delaytomuchneededmaintenanceprojects,includingtheoutsidestairsandchangingrooms.Theseare now
programmed to go ahead with the help of some generous donations, and help from volunteers.

We have now negotiatedreducedenergycosts,but theyare still over doublepreviouslevels.We obtainedan ECB loan
of over£20ktoinstallmoresolarpanelsso thatwe aremoreselfsufficientinelectricity.(repayableover5 years). The
newefficientboiler,controlsystem,andmorejudicioususeofwaterandspaceheatinghasgreatlyreducedour gas
costs.Wehavealso,atlast,replacedthelightinginthehall,withLED's,toreduceelectricityconsumption,and an
improvedleveloflighting.ThiswaspartlyfinancedbyanECBgrant.Theoutsidelighting,leadingtotheclubhouse has
been replaced with LED's and put on automatic sensors, to improve safety and reduce costs.

Weanticipateapproximatelya25%reductioninannualelectricityusageasaresultoftheseinvestments,anda 40%
reduction in cost due to our increased generation capacity.

Page 4

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024

Incomefrom the Lodge,althoughdown on previousyearscontinuesto make a significantcontributionas does the bar.
Together these activities contribute about £20K towards the running of the club.

Theseresultsareduetoalotofwork;doingthelaundry,cleaningtheLodgeandrunning,andstockingthebar by
volunteers whose effort is greatly appreciated.

All this effort is not enoughgoing forwardthough;as we are seeing our reserves depletedevery year, so we need some
game-changingresponsestomakebetteruseofourwonderful,butexpensivefacilities.Weneedmorepeopleto step
up to help run events, help fund raising to put the club on a more sustainable footing long term.

As you will see from the Budget proposals,we intend to do some more long overdue improvementsand maintenance to
our facilitiesduring the coming year. We need to do these whilst still in a positionto do so. You will also know, that this
year is our 175th Anniversary,and there is an ambitiousprogramof events being arranged,some of which we hope will
generate significant income, to restore our reserves to where we feel more comfortable.

Reserves policy

Attheyearendthecharityholds£855,947(2023-£881,667)inreserves,£855,347(2023-£881,667)ofwhich is
unrestricted, and of this free reserves not invested in fixed assets amount to £8,934 (2023 - £30,927).

Of this £4,000 (2023 - £3,633) is designatedto the JC Rogers Trust fund set aside for expenditureon the club's under  16s
team the colts, £5,000 (2023 - £7,560)is designatedto the maintenancefund set aside for potentialfuture  maintenance
costsand£2,416is designatedto the EnglandandWalesCricketTrust(loan)fundset asidefor notionalintereston the
loan taken out during the year, leaving £2,482 deficit (2023 - £19,734 surplus).

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.

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.

Page 5

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 OCTOBER 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT 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

Registered office

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

Trustees

R B Cook
G A Burnett (resigned 13.3.25)
M N Fletcher
Rev N D Cox (resigned 13.3.25)
R E George (resigned 13.3.25)
Mrs F Newnham (resigned 13.3.25)
G Benson (appointed 13.3.25)
S Rodley (appointed 13.3.25)

Company Secretary

Dr W C Nichols

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

Page 6

VENTNOR CRICKET CLUB LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024

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 7

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 2024.

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 8

VENTNOR CRICKET CLUB LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
45,318
Charitable activities
Training, hall and net hire
11,149
Subscriptions
7,972
Other trading activities
2
12,097
Other income
1,145
Total
77,681
EXPENDITURE ON
Raising funds
1,250
Charitable activities
Costs of operations
102,751
Total
104,001
NET INCOME/(EXPENDITURE)
(26,320)
RECONCILIATION OF FUNDS
Total funds brought forward
881,667
TOTAL FUNDS CARRIED FORWARD
855,347		 Restricted
funds
£
10,350
-
-
-
-
10,350
-
9,750
9,750
600
-
600		 2024
Total
funds
£
55,668
11,149
7,972
12,097
1,145
88,031
1,250
112,501
113,751
(25,720)
881,667
855,947		 2023
Total
funds
£
34,258
10,061
5,387
6,222
1,032
56,960
636
97,711
98,347
(41,387)
923,054
881,667 
The notes form part of these financial statements

Page 9

VENTNOR CRICKET CLUB LIMITED

BALANCE SHEET 31 OCTOBER 2024

Notes
FIXED ASSETS
Tangible assets
7
Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
11
NET ASSETS
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
846,312
100
846,412
2,090
27,891
29,981
(5,976)
24,005
870,417
(15,070)
855,347		 Restricted
funds
£
-
-
-
-
600
600
-
600
600
-
600		 2024
Total
funds
£
846,312
100
846,412
2,090
28,491
30,581
(5,976)
24,605
871,017
(15,070)
855,947
855,347
600
855,947		 2023
Total
funds
£
850,640
100
850,740
3,010
30,930
33,940
(3,013)
30,927
881,667
-
881,667
881,667
-
881,667 
The charitablecompanyis entitledto exemptionfrom auditunderSection477of the CompaniesAct2006for the year
ended 31 October 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 October 2024 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 10

VENTNOR CRICKET CLUB LIMITED

BALANCE SHEET - continued 31 OCTOBER 2024

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 11

VENTNOR CRICKET CLUB LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by 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		 2024
£
24,595
(244)
24,351
(26,790)
(26,790)
(2,439)
30,930
28,491		 2023
£
(11,301)
-
(11,301)
-
-
(11,301)
42,231
30,930		 
The notes form part of these financial statements

Page 12

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024

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 paid
Decrease in debtors
Increase in creditors
Net cash provided by/(used in) operations		 2024
£
(25,720)
31,118
244
920
18,033
24,595		 2023
£
(41,387)
28,441
-
1,389
256
(11,301)

2. ANALYSIS OF CHANGES IN NET FUNDS

At
Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total		 1.11.23
Cash flow
At 31.10.24
£
£
£
30,930
(2,439)
28,491
30,930
(2,439)
28,491
-
(3,567)
(3,567)
-
(15,070)
(15,070)
-
(18,637)
(18,637)
30,930
(21,076)
9,854		 
The notes form part of these financial statements

Page 13

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

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.

Financial instruments

InterestfreeloansrecievedoverafixedperiodareclassifiedasfinancingtransactionsasrequiredbyFRS 102.
Such transactionsare requiredto be recognisedon receiptat the presentvalue of futurepayments,rather than
at transaction value.Present value has been based on an estimated 5% market rate of interest.

Thistreatmentmeansthattheloanrecognisedintheaccountswillberecordedatalowervaluethanthe face
value of the loan. The difference is treated in the accountsas donationincome, and as repaymentsare made  this
amount will unwind as notional interest is calculated on the loan and charged to the accounts.

The effect of this adjustmentwill be held in a designatedfund so it is clear that these amounts are not cash  funds
held by the charity.

continued...

Page 14

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. OTHER TRADING ACTIVITIES

Fundraising events
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2024
£
12,097
2024
£
31,118		 2023
£
6,222
2023
£
28,441

4. TRUSTEES' REMUNERATION AND BENEFITS

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2024norforthe year
ended 31 October 2023.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:
Charitable activities
6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
34,258
Charitable activities
Training, hall and net hire
10,061
Subscriptions
5,387
Other trading activities
6,222
Other income
1,032
Total
56,960
EXPENDITURE ON
Raising funds
636
Charitable activities
Costs of operations
97,711
Total
98,347		 2023 2022
Nil Nil
Restricted
funds
£
-
-
-
-
-
-
-
-
-		 Total
funds
£
34,258
10,061
5,387
6,222
1,032
56,960
636
97,711
98,347 
continued...

Page 15

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
TANGIBLE FIXED ASSETS
Freehold
Freehold
property
property
£
£
COST
At 1 November 2023
23,000
1,081,904
Additions
-
-
At 31 October 2024
23,000
1,081,904
DEPRECIATION
At 1 November 2023
-
278,576
Charge for year
-
21,639
At 31 October 2024
-
300,215
NET BOOK VALUE
At 31 October 2024
23,000
781,689
At 31 October 2023
23,000
803,328
8.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 November 2023 and 31 October 2024
NET BOOK VALUE
At 31 October 2024
At 31 October 2023		 continued
Unrestricted
funds
£
(41,387)
923,054
881,667
Plant and
machinery
£
92,466
26,790
119,256
80,116
5,292
85,408
33,848
12,350		 Restricted
funds
£
-
-
-
Motor
vehicles
£
20,935
-
20,935
8,973
4,187
13,160
7,775
11,962		 Total
funds
£
(41,387)
923,054
881,667
Totals
£
1,218,305
26,790
1,245,095
367,665
31,118
398,783
846,312
850,640
Shares in
group
undertakings
£
100
100
100		 
There were no investment assets outside the UK.

continued...

Page 16

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. FIXED ASSET INVESTMENTS - continued

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: Steephill Road, Ventnor, Isle of Wight, PO38 1UF
Nature of business: Bar and Shop
%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
Profit for the year
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
VAT
Accrued income
Prepayments
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 12)
Intercompany account
Accrued expenses		 2024
£
7,692
14,807
2024
£
-
26
108
1,956
2,090
2024
£
3,567
114
2,295
5,976		 2023
£
11,885
12,366
2023
£
350
-
856
1,804
3,010
2023
£
-
101
2,912
3,013		 
continued...

Page 17

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Other loans (see note 12)
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
ECB loan < 1 year
Amounts falling between one and two years:
ECB loan 1-2 years
Amounts falling due between two and five years:
ECB loan 2-5 years
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Maintenance fund
Grant funded assets
JC Rogers trust fund
England and Wales Cricket Trust (loan)
Restricted funds
Wightaid Foundation (children 3-7 years
old)
TOTAL FUNDS		 At
1.11.23
£
79,117
7,560
791,357
3,633
-
881,667
-
881,667		 Net
movement
in funds
£
(4,362)
-
(21,714)
-
(244)
(26,320)
600
(25,720)		 2024
£
15,070
2024
£
3,567
3,748
11,322
Transfers
between
funds
£
(467)
(2,560)
-
367
2,660
-
-
-		 2023
£
-
2023
£
-
-
-
At
31.10.24
£
74,288
5,000
769,643
4,000
2,416		 2023
£
-
2023
£
-
-
-
855,347
600
855,947 
continued...

Page 18

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Grant funded assets
England and Wales Cricket Trust (loan)
Restricted funds
Wightaid Foundation (children 3-7 years
old)
England and Wales Cricket Trust (LED
lighting)
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Maintenance fund
Grant funded assets
JC Rogers trust fund
TOTAL FUNDS		 Incoming
resources
£
77,681
-
-
77,681
600
9,750
10,350
88,031
At
1.11.22
£
98,790
7,560
813,071
3,633
923,054
923,054		 Resources
Movement
expended
in funds
£
£
(82,043)
(4,362)
(21,714)
(21,714)
(244)
(244)
(104,001)
(26,320)
-
600
(9,750)
-
(9,750)
600
(113,751)
(25,720)
Net
movement
At
in funds
31.10.23
£
£
(19,673)
79,117
-
7,560
(21,714)
791,357
-
3,633
(41,387)
881,667
(41,387)
881,667		 
continued...

Page 19

VENTNOR CRICKET CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

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 56,960 (76,633) (19,673)
Grant funded assets - (21,714) (21,714)
56,960 (98,347) (41,387)
TOTAL FUNDS 56,960 (98,347) (41,387) 
MaintenanceFund:Includesfundssetasidebythetrusteesforthemaintenanceoftheclub'sbuilding and
facilities.

GrantFundedAssets:Includesfundsmadeupofthenetbookvalueofassetsaquiredundergrant funding
providedspecificallyforthatpurpose.Alargeproportionofthefundismadeupoftheclubhouse,with some
additionalequipmentfundedmakinguptheremainder.Fundsof£21,714weretransferredoutofthefund 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.

EnglandandWalesCricketTrust(loan):Includesfundssetasidefornotionalinterestontheloantaken out
during the year.

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 October2024 the tradingsubsidiary generated
taxableprofitof £14,905(2023- £12,769),anddonated£19,000(2023- £18,625)to thecharity.At 31 October
2024 a balance of £114 (2023 - £101) was owed from the charity to the trading subsidiary.

Page 20

VENTNOR CRICKET CLUB LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Donation from Ventnor Cricket Club Trading
Limited
Grants
Other trading activities
Fundraising events
Charitable activities
Subscriptions
Training, hall and net hire
Other income
Solar panel rebate
Total incoming resources
EXPENDITURE
Raising donations and legacies
Social events and match teas
Fundraising
Support costs
Other
Premises costs
Ground maintenance
Cost of activities
Travel
Bank charges
Administration costs
Independent examiners fee
Irrecoverable VAT
Carried forward		 2024
£
26,318
19,000
10,350
55,668
12,097
7,972
11,149
19,121
1,145
88,031
200
1,050
1,250
47,856
9,858
9,903
4,404
104
785
1,751
6,078
80,739		 2023
£
15,618
18,640
-
34,258
6,222
5,387
10,061
15,448
1,032
56,960
190
446
636
36,721
12,588
11,921
3,984
101
2,563
1,392
-
69,270		 
This page does not form part of the statutory financial statements

Page 21

VENTNOR CRICKET CLUB LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024

Other
Brought forward
Legal fees
Depreciation of tangible fixed assets
Bank interest
Total resources expended
Net expenditure		 2024
£
80,739
400
31,118
244
112,501
113,751
(25,720)		 2023
£
69,270
-
28,441
-
97,711
98,347
(41,387) 
This page does not form part of the statutory financial statements

Page 22