Digitally Signed Document Document ID: 36A80793AA3E57
## Document Details
**Filename:** 1188 accs 31.10.24.PDF **Client of:** Bright Brown
## Signature Details
**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;
```
- `Annual income and expenditure budget reports phased into the 12 months of the year`
- `Monitors monthly actual income and expenditure against phased monthly budgets`
- `Focuses on longer term financial plans and investments in maintenance`
- `Membership Payments`
- `Fund Raising`
- `Capital Expenditure`
- `Bank Account/Cash Flow Summary`
```
Our thanks go to the finance group:
```
- `Alan Parker - Chair`
- `Mark Fletcher - Treasurer`
- `Ruth Noyes`
- `Nigel Cox`
- `Bill Nichols`
- `Louise Woodhouse`
```
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
```
- `(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 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
```