``` REGISTERED COMPANY NUMBER: 07625534 (England and Wales) REGISTERED CHARITY NUMBER: 1141973 ``` ## **`Report of the Trustees and`** ``` Unaudited Financial Statements for the Year Ended 30 September 2023 ``` ## **`for`** ``` Ealing Cricket Club ``` ``` Merchant & Co Chartered Certified Accountants ``` ``` 2 Craven Road Ealing London W5 2UA ``` ``` Ealing Cricket Club ``` ``` Contents of the Financial Statements for the Year Ended 30 September 2023 ``` ||**`Page`**| |---|---| |**`Reference and Administrative Details`**|`1`| |**`Report of the Trustees`**|`2 to 9`| |**`Independent Examiner's Report`**|`10 to 11`| |**`Statement of Financial Activities`**|`12`| |**`Balance Sheet`**|`13 to 14`| |**`Notes to the Financial Statements`**|`15 to 24`| |**`Detailed Statement of Financial Activities`**|`25 to 26`| ``` Ealing Cricket Club ``` ``` Reference and Administrative Details for the Year Ended 30 September 2023 ``` |**`TRUSTEES`**|`J C Grigg Secretary (Resigned as Chair 27.11.23)`| |---|---| ||`S J Scott (appointed 6.12.23)`| ||`L R F Stoughton (appointed 6.12.23)`| ||`M Turner (resigned 6.12.23)`| ||`K C Martin (resigned 28.3.23)`| ||`C W Wheeler`| ||`C Artis (resigned 28.3.23)`| ||`M D Grafton Treasurer`| ||`P L Lewis Club Safeguarding Officer`| ||`R Fisher President from 1.4.22 (resigned 6.12.23)`| ||`D R Holt (appointed 9.11.23)`| ||`S V Bose (appointed 6.12.23)`| ||`G S J Fitzpatrick (appointed 6.12.23)`| ||`D P Morrey (appointed 6.12.23)`| ||`M Patel (appointed 6.12.23)`| ||`R G White (appointed 6.12.23)`| |**`REGISTERED OFFICE`**|`Corfton Road`| ||`Ealing`| ||`London`| ||`W5 2HS`| |**`REGISTERED COMPANY NUMBER`**|`07625534 (England and Wales)`| |**`REGISTERED CHARITY NUMBER`**|`1141973`| |**`INDEPENDENT EXAMINER`**|`Merchant & Co`| ||`Chartered Certified Accountants`| ||`2 Craven Road`| ||`Ealing`| ||`London`| ||`W5 2UA`| |**`BANKERS`**|`NatWest`| ||`1 The Mall`| ||`Ealing`| ||`London`| ||`W5 2PL`| ``` Page 1 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report withthefinancialstatementsofthecharityfortheyearended30September2023.Thetrusteeshaveadopted the provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of Ireland (FRS 102) (effective 1 January 2019). ``` ``` Group accountsare not requiredas this companyis the parent of a small group.EalingCricket Club (ECC) is a company limitedbyguarantee,governedbyitsMemorandumandArticlesofAssociation.TheClubisregisteredasa charity with the Charity Commission. ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives`** ``` As set out in the Articles of Association, the objects of Ealing Cricket Club are: ``` `1. to provide community participation in healthy recreation by providing facilities for playing cricket and other sports ("facilities" means land, building, equipment and organisation of cricketing or other sporting activities); and` `2. to advance the education of children and young people whether or not undergoing formal education.` ``` TheClubhasbeeninexistencesince1870and,inthattime,hasbecomeanimportantpartofourlocal community. We are a familyClubandthislies at the heartof oursuccessbothon andoff the playingfield.Fosteringthissense of family involvement is the cornerstone of our efforts to promote cricket in our local community. ``` ``` The Trusteesrecognisethat,followingthe Club'sconversionto becomea charity,the Club'svariousactivitiesmust be runaccordingtothebestprinciplesofcorporategovernance.TheTrusteesbelievethatthecharityconversion has focusedoureffortsonachievingourtwinobjectivesforthebenefitofourlocalcommunity.Wecontinuetolook to attract volunteers to strengthen our team to ensure we can deliver the best quality services. ``` ``` TheClubhasa fee-payingmembership,whichisconcessionaryforspecificgroups,e.g.Juniors,andforothers where thepaymentoffees mightbeanobstacletotheirparticipationincricketactivitiesattheClub.Theprincipallimit on thenumberofplayingmembersattheClubhashistoricallybeenthelackoffacilitiesthatwehavehadavailable for ouruse.However,we expandedourplayingfacilitiesinrecentyearsandthishasallowedus to continueto grow our cricketing activities. ``` ``` Page 2 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ## **`OBJECTIVES AND ACTIVITIES Charitable activities`** ``` Eachyear,theClubupdatesitsDevelopmentPlanaspartofitsClubmarkaccreditationwiththeEngland& Wales Cricket Board (ECB). This document summarises the activities that are planned to achieve our objectives. ``` ``` We are a club focused solely on cricket. ``` ``` Afterthevagariesofrecentseasons,whichhadbeenimpactedsignificantlybytheCOVID19crisisandall the restrictionsthatentailed,2023wasperhapsourfirstfullseasonthatmightberegardedas'normal'inthe post pandemicworld.Levelsofcricketactivitiesremainedrelativelyhighinmostareas,butthereisnodoubtthat the economic fallout of the events of recent years had an affect on the Club's activities in 2023. ``` ``` InSeniorCricket,ECCagainhadnineseniorMen'steamsplayingleaguecricketintheMIddlesexCounty Cricket League(MCCL)onSaturdays,withafull18matchfixtureschedule.WeparticipatedintheECBNational Club Championship,theECBNationalT20Cup,theMiddlesexCup,ClubCricketConferenceCup,MiddlesexCricket Board DevelopmentLeague,theECBU19NationalClubChampionship,theMiddlesexCricketWomen'sLeagueand the Chess Valley League. ``` ``` The JuniorCricket section,which had approximately570 members in 2023, aged between 5 and 17 in 29 junior teams, issupportedbyseniorqualifiedprofessionalcoaches,ledbyourDirectorofCricket,ChadBarrett,andassistedby a largenumberofvolunteercoaches,mostlydrawnfromtheparentsoftheJuniorCricketers.Manyofthe volunteer coachesundertakeECB sponsoredcoachingcoursesand some go ontoLevel 2 courses.Our Girls'sectionremains one of the largest in the country with over 100 girls. ``` ``` The numberof childreninvolvedin our Juniorcricketactivitiesdid decreasesomewhatduringthe year,in partdue to theabilityoffamiliestotravelfarmoreeasilyandalsobytheeconomicpressuresthatsomanyarefacingin the currentenvironment.For our part,the Club has continuedto seek to expandthe broadrange of opportunitiesfor our Junior members to develop as cricketers. ``` ``` SeniorcricketisprovidedbytheClubacrossaspectrumofstandardsandcompetitivenessandisplayed by participantswitha widerangeof abilitylevels.It is alsoanintegralpartof thecontinuumof youthdevelopment and participation. ``` ``` TheseniorMen'sandWomen'steamsoftenincludeasignificantnumberofJuniorCricketersgivingour younger players the opportunity to get exposure to more experienced cricketers and to play at a higher level. ``` ``` TheClubprovidesplayingopportunitiesforalllevelsofabilityalthoughallteamsareusuallyselectedonability. This ensuresthatteamscontaintheskillsnecessary(forexample,bowling,batting,fieldingandwicket-keeping)and that playersplaycricketatalevelcommensuratetotheircompetencetoensuresafety.Selectionisbasedon the experienceandjudgementofcoachestakingintoaccountanumberoffactorsincludingthebalanceofskills needed and player availability. When there are sufficient players available, the Club seeks to organise additional fixtures. ``` ``` In recentyears,ourJuniorcricketactivitieshas expandedconsiderablyandas a resultwe have neededto expand our playingfacilities.Ourthreegrounds-CorftonRoad,PopesfieldandBrentfield-areallinregularusethroughout the summer, but are not sufficientfor our currentneeds. In 2024, we will againneed to hire additionalplayingfacilities to caterforallofourplannedactivities.Andwecontinuetolookactivelyatacquiring,onalongtermbasis, additional playing facilities. ``` ``` Coachingcoursesforyoungcricketerson Sundaysandthroughoutthe schoolholidayscontinueto be runat the Club underourbrand,PremierCricketCoaching.And,inrecentyears,ourcomprehensivewintertrainingprogramme for ourJuniorCricketershasbeenverypopular.Whenthereissufficientdemand,wealsorunindoorcoaching courses during the winter during the October and February half term breaks and during the Christmas holidays. ``` ``` Page 3 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ## **`OBJECTIVES AND ACTIVITIES`** ``` TheClubhasformanyyearsactivelyengagedwithanumberoflocalschoolswhereweassistthedevelopment of cricketintheschools.WehavealsohostedKwikCricketcompetitionsrunonbehalfofActiveEaling,Schools Sports Partnershipsandothercompetitionson behalfof MiddlesexCricketandthe MiddlesexJuniorCricketAssociation and work closely with Active Ealing and others promoting cricket in our local community. ``` ## **`Public benefit`** ``` The Trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to guidance publishedby The CharityCommission,includingpublicbenefitguidanceandhavetakenit intoaccountin all decision making. ``` ## **`ACHIEVEMENT AND PERFORMANCE`** ## **`Charitable activities`** ``` 2023 was another successful year for our teams. ``` ``` In Senior Cricket,our 1st XI, finished6th in the MiddlesexCountyCricket Premier League (slightlybetter than in 2022), butwedidmanagetowintheMiddlesexCuptwice,beatingStanmoreinthepostponed2022Finalplayedin May 2023 and beatingActon in the 2023 Final in September2023. We also made it to the Semi Finalsof the Middlesex T20 Cup,losingtoeventualwinners,Twickenham,inatiedmatchwiththeresultdecidedonacountback.The2nd XI finished8th in theirdivision,narrowlyavoidingrelegationby beatingStanmoreon the last day of the season.Our 3rd XI,havingwontheLeaguein2022wereunfortunatelyrelegated,butwehopewillcomebackstrongerin2024. Our 4th XI made it back to back titles, but unfortunately,both EalingHanwellians1st and 2nd XIs were both relegated. Our Women's 1st XI won the Sheila Hill division of the Middlesex Cricket Women's.League. ``` ``` InJuniorCricket,continuingthesuperbresultsseeninrecentyearswehadthemostsuccessfulJuniorseasonin the Club'shistory.The highlightwas theU13 BoysbeingNationalchampions,butwe arealsoMiddlesexChampions with the U10 Boys, U13 Boys (Leagueand Cup), U14 Boys, U15 Boys, U11 Girls (Leagueand Cup) and U13 Girls (League and Cup).Out of the totalof 18 Countywide competitionsthatwe entered,we won 9 andwere losingfinalistsor runners upin5others.AllofourBoysandGirlsteamswontheirlocalAreaDivision1leaguesandqualifiedfor the County-widestagesoftheircompetitions.TheculminationwasagaintheClubbeingawardedtheVictor Ludorum trophy as the Champion Junior Club in Middlesex. We have now held this trophy since 2019. ``` ``` InadditiontotheMiddlesexJuniorCricketAssociationcompetitions,theinternalInterFranchiseLeague (IFL) launchedin2019toprovideadditionalplayingopportunitiesforourJuniormemberswasagainagreatsuccess. We also had another fantastic IFL Festival. ``` ``` A largenumberof ourBoysandGirlscontinuetoparticipateintheMiddlesexCricketplayerpathwayandwe believe that we still have a higher number of children playing County Age Group cricket than any other Club in Middlesex. ``` ``` The continuedsuccess of our juniorteams and playersis extremely pleasingand a great credit to our brilliant coaches, many of whom are volunteers. ``` ``` We continue to look for opportunities to improve and expand our facilities. ``` ``` Page 4 ``` ``` Ealing Cricket Club ``` ``` for the Year Ended 30 September 2023 ``` ## **`Report of the Trustees`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`** ``` ThecharityiscontrolledbyitsMemorandumandArticlesofAssociation,andconstitutesalimitedcompany, limited by guarantee, as defined by the Companies Act 2006. ``` ``` ThecompanyisthesolememberofEalingCricket&SocialClubLimited,alimitedliabilitycompany,registered in England,underregisterednumber7721549.Thissubsidiarycompanywas incorporatedon28 July2011and provides functionsand social facilitiesto fee-payingmembers. It preparesits financialstatementsto 30 Septemberand donates the whole of its taxable profit to Ealing Cricket Club. ``` ``` EalingCricket&SocialClubLimitedisthesolememberofPremierCricketCoachingLimited,alimited liability company,registeredinEnglandunderregisterednumber9951849.PremierCricketCoachingLimited was incorporatedon14January2016andrunscricketcoachingcoursesandsupportsEalingCricketClub.Itprepares its financial statements to 30 September and donates the whole of its trading profit to Ealing Cricket Club. ``` ``` Thefinancialstatementshavebeenpreparedinaccordancewiththespecialprovisionsrelatingtocompanies subject to the small companies regime within Part 15 of the Companies Act 2006 (s.419(2)). ``` ``` Page 5 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees`** ``` The company'sArticlesof Associationrequirethatthere be at least three Trusteesand a maximumof twelve Trustees (Article 25). ``` ``` AnypersonwhoiswillingtoactasaTrusteemaybeappointedTrusteebyordinaryresolutionoradecisionof the Trustees (Article 26), provided they have reached the age of 18 years, and unless disqualified under Article 27. ``` ``` Onethirdof theTrusteeswhoaresubjecttoretirementbyrotation,orthenearestnumbertoonethird,must retire from office at each annualgeneralmeeting,plus any Trustees who have been appointedby the Trustees since the last AnnualGeneralMeeting.Thosetoretirebyrotationarethosewhohavebeenthelongestinofficesincetheir last appointment or reappointment. ``` ``` OtherappointeesasTrusteesmustberecommendedbytheTrusteesandthencomplywiththenoticesrequired by Articles 26.7.2 and 26.8. ``` ``` Atthe2022AGM,theTrusteesforeshadowedthattherewouldbeareviewofthecompositionoftheBoard of TrusteeswhichwaslikelytoleadtotheappointmentofanumberofnewTrustees.SubsequenttotheAGM, James Grigg informedthe Trustees in September2023 that he intendedto retire as Chairof Trustees.This, togetherwith the appointmentinNovember2023ofDavidHoltasthenewChairofTrustees,hashadtheeffectofaccelerating the changes to the Trustees. ``` ``` FollowingDavidHolt'sappointmentasthenewChairofTrustees,anumberofnewTrustees-Greg Fitzpatrick, DominicMorrey,MitulPatel,ShilpaPatel,SteveScott,LukeStoughtonandRobbieWhite-wereallappointed as Trustees of the Club in December 2023. At the same time, Bob Fisher and MartinTurner retiredas Trustees, albeit Bob remainsPresidentoftheClub,andJamesGrigghasindicatedthathewillretireasSecretaryoftheClubandas a Trustee at the forthcoming AGM. ``` ``` Each of the new Trusteesadds a significantwealthof experience,passionand expertiseto the role that will help drive theClubforward.ThediverseskillsacrossthisgroupwilladdvaluetoallareasoftheClubtohelpcontinueitin the right direction. ``` ``` TheTrusteeswouldalsoliketotakethisopportunitytothankBobFisherandMartinTurner,whobothretired as TrusteesinDecember2023tohelpaccommodatetheappointmentofthenewTrustees,andJamesGrigg,who will leave the Trustees at this year's AGM. ``` ``` BobisalegendatEalingCricketClubandnowordscanadequatelydojusticetohiscontributiontotheClub. He startedasaJuniorattheClubin1955andhasplayedatvirtuallyeverylevel.HewasClubcaptaininthree different spells,hasbeenaCommitteememberforlongerthananyonecanrememberandwasappointedPresidentin 2022 when John Poore retired.His appointmentas a Life Member was announcedat the Club's 150th AnniversaryDinner at Lord'sinMarch2022.He remainsPresidentoftheClub,despitesteppingdownasa Trustee.Andhiscontribution to cricketoutsideoftheClubhasalsobeenrecognisedwithhisrecentappointmentasPresidentoftheClub Cricket Conference. He is also a Hon. Vice President of the Middlesex County Cricket League. ``` ``` MartininitiallyjoinedtheClubasaJuniorparent-hisson,Sam,wasanoutstandingJuniorattheClub(Coltof the Yearin2015)-andMartinsoonbecameanJuniorAgeGroupManagerandhisteamenjoyedconsiderable success over many years. He became a Trustee in 2014 and has been an excellentservant of the Club in the last 10 years. For a longperiod,hewasMembershipSecretary,dealinginparticularwithalltheJuniorregistrations.Hewas also instrumentalinthesaleoftheClub'sflatinWoodvilleRoadin2019,whichhasplacedtheClubinavery strong financialposition.Morerecently,MartinoversawtherefurbishmentofthepavilionatCorftonRoad following subsidence damage. ``` ``` Page 6 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ``` JamesGriggoriginallyjoinedtheClubasaJuniorparentin2007.Hehasbeeninvolvedinmanyaspectsofthe Club since then. ``` ``` HewasappointedTreasurerin2009andoversawtheClub'sconversiontocharitablestatusin2011.In2019, James became Secretaryof the Club and,for a period,was bothSecretaryand Treasurer.In 2022, he was appointedChair of the Trustees, following John Poore's retirement, while remaining Secretary. ``` ``` He became a JuniorAge GroupManagerin our Girls sectionin 2010 and ended up runningthe entire Girls section and startedour Ladies team in 2015. In 2012, he took over the managementof all of our JuniorCricket activitiesand, since then, the Club has been awarded the Victor Ludorum trophy as the Champion Junior Club in Middlesex on 6 occasions. ``` ``` Outsideof the Club,James acted as EalingBoroughCricketLead for many years,onlysteppingdown in 2021, and was activelyinvolvedinLondonYouthGamesIndoorCricketforbothBoysandGirls,alsooveraperiodofmorethan 10 years.JameshasbeenViceChairoftheCentralAreaoftheMiddlesexJuniorCricketAssociation(MJCA)and was recentlyappointedasChairmanoftheMJCACricketCommittee.In2022,Jamesreceivedanawardfor Outstanding Contribution to Sport at the Ealing Sports Awards. ``` ``` Jameshascontinuedtoplayanimportantrole,particularlyinrelationtoourJuniorCricketactivities,overthe past few months to help me and the other new Trustees to get up to speed and in our planning for the coming season. ``` ``` TheTrusteescannotthankBob,MartinandJamesenoughfortheworktheyhavedoneovertheyearsand the assistancetheyhaveprovidedinthecurrentperiodof transition.AndI am verypleasedthatallhaveexpressed their interest to continue supporting the Club in any way they can. ``` ``` AsrequiredbytheArticlesofAssociation,allthenewTrustees,whowereappointedinNovemberand December 2023,are standingfor re-electionat the AGM andColinWheelerwill retireby rotationandis alsoofferinghimself for re-election. ``` ``` The Trusteesmeet aroundsix times per year to review the Club'sperformanceand ensure the Club'sstrategyto meet itsobjectivesisbeingimplemented.TheTrusteesaresupportedbyanumberoffulltimeandparttime professional staffwhodelivertheClub'scoreactivitiesandprovidesupportforthelargenumberofvolunteersthattheClub is fortunate to have. ``` ## **`Risk management`** ``` TheTrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate controlsareinplacetoprovidereasonableassuranceagainstfraudanderror.TheTrusteesmonitorthe financial performanceandcontrolcloselyandreceiveregularreportsonvariousaspectsoftheClub'sactivities. Financial controlsystemshavebeenimplementedandthesearesubjecttoongoingreviewandimprovement.Health, safety and insurance reviews are undertaken at least annually. ``` ``` ChildsafeguardingishighpriorityfortheClubandClubmarkaccreditationreflectsthegoodpracticesthatwe have implemented to ensure that all aspects of junior cricket at our Club are undertaken in a safe and effective manner. ``` ``` Page 7 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ## **`FINANCIAL REVIEW`** ``` Duringtheyearended30September2023,TotalIncomingResourceswere£262,785(2022:£456,732), Total ResourcesExpendedwere£361,979(2022:£380,746)andarealisedgainof£nil(2022:£nil)leavingNet Outgoing Resourcesof£99,194(2022NetIncomingResources:£75,986).Therewasanunrealisedgainoninvestments of £26,994 (2022: loss £29,813). ``` ``` ActivitiesforGeneratingFundsof£102,852(2022:£78,114)comprisedSponsorshipandGroundRental income. Sponsorshiprevenueof £20,882(2022:£23,389).GroundRentalincomeof £81,970(2022:£54,725)was primarily the fundsreceivedfortheuseofthegrounds,andincludesthehireofPopesfieldandthepaymentsmadebythe Club's whollyownedsubsidiaries,EalingCricket&SocialClubLimitedandPremierCricketCoachingLimited,fortheuse of the facilities owned by the Club. ``` ``` Donationsand legacies amountedto £1,169 (2022: £110,672).This comprisedexternaldonationsand grants of £1,169 (2022:£66,537)andpaymentsreceivedfromsubsidiariesof£nil(2022:£44,135).Donationsinsupportofour new nets were the vast majority of the external donations and grants in 2022. ``` ``` As in2022,therewasnodonationmadebyEalingCricket& SocialClubLimited,theClub'swhollyowned subsidiary, as it has losses broughtforward.However,Premier CricketCoachingLimited,an indirectlywhollyownedsubsidiary of the Club, usuallydonatesall of its profitsfor the year to EalingCricketClub. No donationwas made by Premier Cricket CoachingLimitedin2023asthecompanymadelossesduringtheyear;in2022itdonated£44,135toEaling Cricket Cub. ``` ``` IncomingResourcesfromCharitableActivitiesof£157,747(2022:£265,203)were,inpart,members'subscriptions of £107,901(2022:£108,818),butalsoincludedtheproceedsofsignificantinsuranceclaimsof£15,914 (2022: £125,084).TheseinsuranceclaimsrelatedtodamagecausedtothepavilionatCorftonRoadbysubsidenceand the interruptiontotheClub'sbusinessactivitiescausedduringtheCOVID-19pandemic.Itisworthnotingthat a substantialpartoftheproceedsofthesubsidenceclaimwasexpendedonrepairsmadetothePavilionand this accounts for the much higher expenditure on Repairs and Maintenance in 2023 and in 2022. ``` ``` TheClubreceived£nil(2022:£2,667)inGovernmentgrantsandfurloughclaimsrelatedtotheCovid-19 pandemic. TheprincipalelementsofResourcesExpendedonCharitableActivitiesof£361,979(2022:£380,746)were Match, Cricket & Coachingcosts £86,534 (2022: £112,845),Salaries £98,389 (2022: £81,373),GroundExpenses £54,929 (2022: £51,986)andRepairsandMaintenance£54,966(2022:£73,557).The higherRepairsandMaintenanceexpenditure in 2023andin 2022reflectsthe costsof repairingsubsidencedamageandthe opportunitythisofferedfor a substantial refurbishment of the Pavilion at Corfton Road ``` ``` TheClubhadcashreservesasat30September2023of£127,166(2022:£214,348)andinvestmentsof £379,414 (2022:£352,644).Inaddition,EalingCricket&SocialClubLimited,which,asat30September2023,owedthe Club £139,971 (2022: £186,459) and had cash reserves of £69,648 (2022: £107,019). ``` ``` Theproceedsfromthesaleoftheinvestmentpropertyin2019increasedsignificantlytheamountofcash reserves heldbytheClub.Asnotedabove,theClubcommencedagroundinvestmentprogramme(CRGIP)toimprove the playingfacilitiesatourmaingroundinCorftonRoad,whichhasrequiredasubstantialinvestmentfundedfrom the Club'sreservesinrecentyears.Thebalanceofreserveswillbeusedinthemediumtolongertermtosupport the Club'sactivitiesandtoensurethatwecontinuetomeetourcharitableobjectivesintothefuture.Inthisregard, the Trusteeshaveestablisheda developmentsubcommitteeto lookat the futuredevelopmentneedsof the Cluband to seek to ensurethatwe are 'futureproofed'.The reservesavailableto the Clubwill be availableto providesupport for any strategic initiatives that emerge from the development sub committee's work. ``` ``` TheTrusteeshaveconsideredhowthecashreservesretainedshouldbeinvestedforthebenefitoftheClub. An investmentsub-committee,comprisedofJamesGrigg,MarkGrafton,MartinTurnerandVikramPatel,was convened to considerthe best approach.All 4 members of the investmentsub-committeehave significantrelevantexperience in the investment of funds. ``` ``` Page 8 ``` ``` Ealing Cricket Club ``` ``` Report of the Trustees for the Year Ended 30 September 2023 ``` ``` The Trustees agreed with the investment sub-committee's recommendations, which were as follows: ``` ``` - Approximatelytwothirdsof theClub'scashreservesthatarenotrequiredforthepurposesof theCRGIPshould be invested in an investment portfolio ``` ``` -Theinvestmentobjectivesoftheportfolioshouldbetohaveaconservativeapproachseekingacombination of capitalgrowthandincomeoverthemediumterminamoderateriskenvironmentfromadiversifiedportfolio with reasonable liquidity. ``` ``` -TheClub'sobjectivesinthecurrentenvironmentwouldbebestmetbyaportfoliocomprisingequity based investmentswithalimitedexposuretofixedincomeinvestments.Inthiscontext,approximately70%of the investmentportfoliowould be allocatedto investmentsin index funds linked to the major globalmarkets, with an 80% exposuretoequitybasedinvestmentsanda20%exposuretofixedincomeinvestments,withthebalance invested with active fund managers,who have an exceptionalrecord,providingexposureto high qualitybusinesseswith strong competitive positions, conservative leverage and attractive growth prospects. ``` ``` In reachingthe investmentsub-committee'srecommendations,financialadvice was soughtfrom 1st Financial Limited, an IndependentFinancialAdviser registeredwith the FinancialConductAuthority.It shouldbe noted that 1st Financial LimitedisacompanyassociatedwithVikramPatel,whowas,atthattime,alsoaTrustee.TheTrustees considered whetherreceivingfinancialadvicefrom1stFinancialLimitedmightrepresentaconflictofinterest.The Trustees concludedthat,as 1st FinancialLimitedwas notcharginga fee forprovidingadviceto the Club,therewas no conflict of interest that was of concern. ``` ``` TheprogrammeofinvestmentintheportfoliocommencedinAugust2020andwascompletedinJune2021. The investmentsub-committeecontinuestomonitortheperformanceof theportfolioandtheallocationof assets within the portfolio and may recommend changes to the Trustees in the future. ``` ``` TheTrusteeshavedueregardtoguidancepublishedbytheCharityCommission,includingthatrelatingto public benefit in compliance with the duty in section 17(5) of the 2011 Charities Act. ``` ``` This reporthas been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating to small companies. ``` ``` Approved by order of the board of trustees on 1 March 2024 and signed on its behalf by: ``` ``` D R Holt - Trustee ``` ``` Page 9 ``` ``` Independent Examiner's Report to the Trustees of Ealing Cricket Club ``` ## **`Independent examiner's report to the trustees of Ealing Cricket Club ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 30 September 2023. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Since yourcharity'sgross incomeexceeded£250,000yourexaminermust be a member of a listedbody.I can confirm thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheAssociationofChartered Certified Accountants, which is one of the listed bodies. ``` ``` 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. ``` ``` Page 10 ``` ``` Independent Examiner's Report to the Trustees of Ealing Cricket Club ``` ``` Anindependentexaminationdoesnotinvolvegatheringalltheevidencethatwouldberequiredinanaudit and consequentlydoesnotcoverallthemattersthatanauditorconsidersingivingtheiropiniononthe financial statements.Theplanningandconductofanauditgoesbeyondthelimitedassurancethatan independent examinationcanprovide.ConsequentlyIexpressnoopinionastowhetherthefinancialstatementspresenta 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement. ``` ``` This reportis made solely to the charity'strustees,as a body,in accordancewith section 145 of the CharitiesAct 2011. MyworkhasbeenundertakensothatImightstatetothecharity'strusteesthosemattersIamrequiredtostate to theminthisreportandfornootherpurpose.Tothefullestextentpermittedbylaw,Idonotacceptor assume responsibilityto anyoneother than the charityand the charity'strusteesas a body,for my work, for this report,or for the opinions I have formed. ``` ``` Ketan Ramesh Patel FCCA ``` ``` Merchant & Co 2 Craven Road Ealing London W5 2UA ``` ``` 1 March 2024 ``` ``` Page 11 ``` ``` Ealing Cricket Club ``` ## **`Statement of Financial Activities`** ## **`for the Year Ended 30 September 2023`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`1,169`**
**`Charitable activities`**
`Cricket`
**`157,747`**
`Other trading activities`
`3`
**`102,852`**
`Investment income`
`4`
**`1,017`**
`Other income`
`5`
**`-`**
**`Total`**
**`262,785`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`6`
`Cricket`
**`361,851`**
`Other`
**`-`**
**`Total`**
**`361,851`**
`Net gains/(losses) on investments`
**`26,994`**
**`NET INCOME/(EXPENDITURE)`**
**`(72,072)`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`969,410`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`897,338`**|`Restricted`
`funds`
`£`
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`128`**
**`-`**
**`128`**
**`-`**
**`(128)`**
**`513`**
**`385`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`1,169`**
**`157,747`**
**`102,852`**
**`1,017`**
**`-`**
**`262,785`**
**`361,979`**
**`-`**
**`361,979`**
**`26,994`**
**`(72,200)`**
**`969,923`**
**`897,723`**|`2022`
`Total`
`funds`
`£`
`110,672`
`265,203`
`78,114`
`76`
`2,667`
`456,732`
`380,420`
`326`
`380,746`
`(29,813)`
`46,173`
`923,750`
`969,923`| |---|---|---|---| ## **`CONTINUING OPERATIONS`** ``` All income and expenditure has arisen from continuing activities. ``` ``` The notes form part of these financial statements ``` ``` Page 12 ``` ``` Ealing Cricket Club ``` ## **`Balance Sheet`** ## **`30 September 2023`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`12`
`Investments`
`13`
**`CURRENT ASSETS`**
`Debtors`
`14`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`15`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`16`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
**`282,293`**
**`379,414`**
**`661,707`**
**`160,222`**
**`127,166`**
**`287,388`**
**`(51,757)`**
**`235,631`**
**`897,338`**
**`897,338`**|`Restricted`
`funds`
`£`
**`385`**
**`-`**
**`385`**
**`-`**
**`-`**
**`-`**
**`-`**
**`-`**
**`385`**
**`385`**|**`2023`**
**`Total`**
**`funds`**
**`£`**
**`282,678`**
**`379,414`**
**`662,092`**
**`160,222`**
**`127,166`**
**`287,388`**
**`(51,757)`**
**`235,631`**
**`897,723`**
**`897,723`**
**`897,338`**
**`385`**
**`897,723`**|`2022`
`Total`
`funds`
`£`
`306,249`
`352,644`
`658,893`
`211,590`
`214,348`
`425,938`
`(114,908)`
`311,030`
`969,923`
`969,923`
`969,410`
`513`
`969,923`| |---|---|---|---|---| ``` The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year ended 30 September 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 30 September 2023 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 13 ``` ``` Ealing Cricket Club ``` ``` Balance Sheet - continued ``` ``` 30 September 2023 ``` ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` The financialstatementswere approvedby the Boardof Trusteesand authorisedfor issue on 1 March2024 and were signed on its behalf by: ``` ``` D R Holt - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 14 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements for the Year Ended 30 September 2023 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with theexceptionofinvestmentswhichareincludedatmarketvalue,asmodifiedbytherevaluationof certain assets. ``` ## **`Income`** ``` All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the use of resources. ``` ``` Expenditure is stated excluding Value Added Tax. ``` ## **`Tangible fixed assets`** ``` Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful life. ``` ``` Freehold property- not provided Long leasehold property- term of the lease Plant and machinery- 25% on reducing balance Fixtures and fittings- 25% on reducing balance and at varying rates on cost ``` ``` The cost of freehold property relates to land which is not depreciated. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionofthe trustees. Restrictedfundsaretobeusedforspecifiedpurposeslaiddownbythedonor/grantingbody.The restricted fund is the Popesfield funding scheme. ``` ``` Group accounts are not required as this company is part of a small group. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharitablecompanyhasintroducedadefinedcontributionpensionscheme.Since1August2016, four employees have enrolled and only the company have paid contributions. ``` ``` Thecharitablecompanycontinuestomakecontributionstoa pensionplanestablishedforthebenefitof one ofthecompany'semployees.ThesecontributionsarechargedtotheStatementofFinancialActivitiesin the period to which they relate. ``` ``` continued... ``` ``` Page 15 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Debtors`** ``` Basic financialassets, includingtrade and other debtors,are initiallyrecognisedat transactionprice, unless the arrangementconstitutesa financingtransaction,where the transactionis measured at the present value of the futurereceiptsdiscountedat a marketrateof interest.Suchassetsare subsequentlycarriedat amortised cost using the effective interest method, less any impairment. ``` ## **`Cash and cash equivalents`** ``` Cash and cash equivalentsare representedby cash in hand,depositsheld at call with financialinstitutions, and othershort-termhighlyliquidinvestmentsthatmatureinnomorethanthreemonthsfromthedate of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. ``` ## **`Creditors`** ``` Basicfinancialliabilities,includingtradeandothercreditors,loansfromthirdpartiesandloansfrom related parties,are initiallyrecognisedat transactionprice, unless the arrangementconstitutesa financing transaction, wherethedebtinstrumentismeasuredatthepresentvalueofthefuturepaymentsdiscountedata market rateofinterest.Suchinstrumentsaresubsequentlycarriedatamortisedcostusingtheeffective interest method, less any impairment. ``` ## **`Going concern`** ``` Thefinancialstatementshavebeenpreparedonthebasisofgoingconcern.Thereareno material uncertainties regarding going concern. ``` ## **`Investments`** ``` Investmentsare stated at market value at the year end. All gains and losses on investmentsare reflectedin the Statement of Financial Activities as they arise. ``` ## **`2. DONATIONS AND LEGACIES`** |`Donations`
`Donation from subsidiary`
**`OTHER TRADING ACTIVITIES`**
`Sponsorships`
`Ground rental income`|**`2023`**
**`£`**
**`1,169`**
**`-`**
**`1,169`**
**`2023`**
**`£`**
**`20,882`**
**`81,970`**
**`102,852`**|`2022`
`£`
`66,537`
`44,135`| |---|---|---| |||`110,672`| |||`2022`
`£`
`23,389`
`54,725`| |||`78,114`| ## **`3. OTHER TRADING ACTIVITIES`** ``` continued... ``` ``` Page 16 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` ## **`4. INVESTMENT INCOME`** ## **`5.`** |**`INVESTMENT INCOME`**||| |---|---|---| ||**`2023`**|`2022`| ||**`£`**|`£`| |`Interest receivable - trading`|**`1,017`**|`76`| |**`OTHER INCOME`**||| ||**`2023`**|`2022`| ||**`£`**|`£`| |`Government grants & subsidies`|**`-`**|`2,667`| ``` Duringtheyearended30September2023,theClubreceived£nil(2022:£2,667)ofGovernmentgrantsas a result of the Covid-19 pandemic and £nil (2022: £nil) from the Coronavirus Job Retention Scheme. ``` ``` Duringthe year ended30 September2023,the clubreceived£15,914(2022:£125,084)of insurancemonies in relation to subsidence. ``` ## **`6. CHARITABLE ACTIVITIES COSTS`** |**`CHARITABLE ACTIVITIES COSTS`**|||| |---|---|---|---| ||`Direct`|`Support`|| ||`Costs`|`costs`|`Totals`| ||`£`|`£`|`£`| |`Cricket`|**`357,389`**|**`4,590`**|**`361,979`**| ## **`7. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||**`2023`**|`2022`| |---|---|---| ||**`£`**|`£`| |`Depreciation - owned assets`|**`25,071`**|`22,614`| |`Deficit on disposal of fixed assets`|**`-`**|`326`| ## **`8. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended30September2023norfor the year ended 30 September 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended30September2023norfortheyear ended 30 September 2022. ``` ``` continued... ``` ``` Page 17 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` |**`9.`**
**`STAFF COSTS`**
`Wages and salaries`
`Social security costs`
`Other pension costs`
`The average monthly number of employees during the year was as follows:`
`Groundstaff`
`Management and administration`
`Cricket activities`|**`2023`**
**`£`**
**`76,547`**
**`15,602`**
**`6,240`**
**`98,389`**
**`2023`**
**`1`**
**`1`**
**`3`**
**`5`**|`2022`
`£`
`62,042`
`12,872`
`6,459`| |---|---|---| |||`81,373`| |||`2022`
`1`
`2`
`2`
`5`| ``` Thenumberofemployeeswhoseemployeebenefits(excludingemployerpensioncosts)exceeded £60,000 was: ``` |`£60,001 - £70,000`
`£70,001 - £80,000`
**`10.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`110,672`
**`Charitable activities`**
`Cricket`
`265,203`
`Other trading activities`
`78,114`
`Investment income`
`76`
`Other income`
`2,667`
**`Total`**
`456,732`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Cricket`
`380,249`
`Other`
`326`|**`2023`**
**`1`**
**`-`**
**`1`**
`Restricted`
`funds`
`£`
`-`
`-`
`-`
`-`
`-`
`-`
`171`
`-`|`2022`
`-`
`1`
`1`
`Total`
`funds`
`£`
`110,672`
`265,203`
`78,114`
`76`
`2,667`
`456,732`
`380,420`
`326`| |---|---|---| ``` continued... ``` ``` Page 18 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` ## **`10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`** |`Unrestricted`
`fund`
`£`
**`Total`**
`380,575`
`Net gains/(losses) on investments`
`(29,813)`
**`NET INCOME/(EXPENDITURE)`**
`46,344`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`923,066`
**`TOTAL FUNDS CARRIED FORWARD`**
`969,410`|`Restricted`
`funds`
`£`
`171`
`-`
`(171)`
`684`
`513`|`Total`
`funds`
`£`
`380,746`
`(29,813)`
`46,173`
`923,750`
`969,923`| |---|---|---| ## **`11. CORPORATION TAX`** ``` The charityis exempt from tax on incomeandgainsfallingwithinsection505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. ``` ## **`12. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1 October 2022`
`Additions`
`At 30 September 2023`
**`DEPRECIATION`**
`At 1 October 2022`
`Charge for year`
`At 30 September 2023`
**`NET BOOK VALUE`**
`At 30 September 2023`
`At 30 September 2022`|`Freehold`
`property`
`£`
**`54,686`**
**`-`**
**`54,686`**
**`-`**
**`-`**
**`-`**
**`54,686`**
`54,686`|`Long`
`leasehold`
`property`
`£`
**`122,060`**
**`-`**
**`122,060`**
**`18,609`**
**`6,200`**
**`24,809`**
**`97,251`**
`103,451`|`Plant and`
`machinery`
`£`
**`43,517`**
**`-`**
**`43,517`**
**`27,168`**
**`4,087`**
**`31,255`**
**`12,262`**
`16,349`|`Fixtures`
`and`
`fittings`
`£`
**`175,403`**
**`1,500`**
**`176,903`**
**`43,640`**
**`14,784`**
**`58,424`**
**`118,479`**
`131,763`|`Totals`
`£`
**`395,666`**
**`1,500`**| |---|---|---|---|---|---| ||||||**`397,166`**| ||||||**`89,417`**
**`25,071`**| ||||||**`114,488`**| ||||||**`282,678`**| ||||||`306,249`| ``` The cost of freehold property relates to the cost of land, which is not depreciated. ``` ``` continued... ``` ``` Page 19 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued ``` ``` for the Year Ended 30 September 2023 ``` ## **`13. FIXED ASSET INVESTMENTS`** |**`FIXED ASSET INVESTMENTS`**||| |---|---|---| |`Shares`
`Cash held in Transact`|**`2023`**
**`£`**
**`371,988`**
**`7,426`**
**`379,414`**|`2022`
`£`
`344,994`
`7,650`| |||`352,644`| ``` Additional information as follows: ``` |`Shares in`
`group`
`undertakings`
`£`
**`MARKET VALUE`**
`At 1 October 2022`
**`1`**
`Revaluations`
**`-`**
`At 30 September 2023`
**`1`**
**`NET BOOK VALUE`**
`At 30 September 2023`
**`1`**
`At 30 September 2022`
`1`
**`Historical cost of investments`**|`Shares in`
`group`
`undertakings`
`£`
**`MARKET VALUE`**
`At 1 October 2022`
**`1`**
`Revaluations`
**`-`**
`At 30 September 2023`
**`1`**
**`NET BOOK VALUE`**
`At 30 September 2023`
**`1`**
`At 30 September 2022`
`1`
**`Historical cost of investments`**|`Shares in`
`group`
`undertakings`
`£`
**`MARKET VALUE`**
`At 1 October 2022`
**`1`**
`Revaluations`
**`-`**
`At 30 September 2023`
**`1`**
**`NET BOOK VALUE`**
`At 30 September 2023`
**`1`**
`At 30 September 2022`
`1`
**`Historical cost of investments`**|`Listed`
`investments`
`£`
**`344,993`**
**`26,994`**
**`371,987`**
**`371,987`**
`344,993`|`Listed`
`investments`
`£`
**`344,993`**
**`26,994`**
**`371,987`**
**`371,987`**
`344,993`|`Totals`
`£`
**`344,994`**
**`26,994`**
**`371,988`**
**`371,988`**
`344,994`| |---|---|---|---|---|---| |||||**`2023`**|`2022`| |||||**`£`**|`£`| |`Historical cost at year end`||||**`341,946`**|`341,946`| ||||||| |`The investments (at market value at the year end) that are held in the UK and outside the UK as follows:`|||||| |||**`2023`**|||`2022`| |||**`£`**|||`£`| |`United Kingdom`||**`323,948`**|||`297,406`| |`Ireland`||**`48,039`**|||`47,587`| ||||||| |||**`371,987`**|||`344,993`| ||||||| ``` continued... ``` ``` Page 20 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` ## **`13. FIXED ASSET INVESTMENTS - continued`** ``` Cost or valuation at 30 September 2023 is represented by: ``` |**`Shares in`**
**`group`**
**`Listed`**
**`undertakings`**
**`investments`**
**`£`**
**`£`**
`Valuation in 2020`
**`-`**
**`(194)`**
`Valuation in 2021`
**`-`**
**`33,054`**
`Valuation in 2022`
**`-`**
**`(29,813)`**
`Valuation in 2023`
**`-`**
**`26,994`**
`Cost`
**`1`**
**`341,946`**
**`1`**
**`371,987`**
`Investments (neither listed nor unlisted) were as follows:`
**`2023`**
**`£`**
`Cash in Transact portfolio`
**`7,426`**|**`Totals`**
**`£`**
**`(194)`**
**`33,054`**
**`(29,813)`**
**`26,994`**
**`341,947`**| |---|---| ||**`371,988`**| ||`2022`
`£`
`7,650`| ``` Thecharityowns100%oftheissuedsharecapitalofEalingCricket&SocialClubLimited,whose principal activitiesare the retailsale of goodsandservicesto the members of thischarity,EalingCricketCluband other activities to raise funds for Ealing Cricket Club. ``` ``` Thesubsidiarydonatesitstaxableprofitstoitsparentcharitablecompany,EalingCricketClub.The subsidiary made a paymentfor the use of the facilitiesowned by the Club, in the amountof £15,000(2022: £30,000). The subsidiary owed the Club £139,971 as at 30 September 2023 (2022: £186,460). ``` ## **`14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| |`Trade debtors`
`Other debtors`
`EC&SC Intercompany account`
`VAT`
`Prepayments`
`Accrued income`|**`2023`**
**`£`**
**`9,192`**
**`2,212`**
**`139,971`**
**`-`**
**`7,927`**
**`920`**
**`160,222`**|`2022`
`£`
`1,591`
`1,996`
`186,459`
`2,794`
`6,416`
`12,334`| |||`211,590`| ``` continued... ``` ``` Page 21 ``` ``` Ealing Cricket Club ``` ## **`Notes to the Financial Statements - continued for the Year Ended 30 September 2023`** ## **`15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| |`Trade creditors`
`Social security and other taxes`
`VAT`
`Other creditors`
`PCC Intercompany account`
`Deferred income`
`Accrued expenses`|**`2023`**
**`£`**
**`5,469`**
**`3,249`**
**`2,004`**
**`49`**
**`12,905`**
**`5,780`**
**`22,301`**
**`51,757`**|`2022`
`£`
`5,265`
`4,212`
`-`
`49`
`70,411`
`6,560`
`28,411`| |||`114,908`| ## **`16. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Ian Goodridge`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are a`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Ian Goodridge`
**`TOTAL FUNDS`**|`s follows:`
`Incoming`
`resources`
`£`
**`262,785`**
**`-`**
**`262,785`**|`At`
`1.10.22`
`£`
**`969,410`**
**`513`**
**`969,923`**
`Resources`
`expended`
`£`
**`(361,851)`**
**`(128)`**
**`(361,979)`**|`Net`
`movement`
`At`
`in funds`
`30.9.23`
`£`
`£`
**`(72,072)`**
**`897,338`**
**`(128)`**
**`385`**
**`(72,200)`**
**`897,723`**
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
**`26,994`**
**`(72,072)`**
**`-`**
**`(128)`**
**`26,994`**
**`(72,200)`**| |---|---|---|---| ``` continued... ``` ``` Page 22 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` ## **`16. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |`At`
`1.10.21`
`£`
**`Unrestricted funds`**
`General fund`
`923,066`
**`Restricted funds`**
`Ian Goodridge`
`684`
**`TOTAL FUNDS`**
`923,750`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`456,732`
`(380,575)`
**`Restricted funds`**
`Ian Goodridge`
`-`
`(171)`
**`TOTAL FUNDS`**
`456,732`
`(380,746)`|`Net`
`movement`
`At`
`in funds`
`30.9.22`
`£`
`£`
`46,344`
`969,410`
`(171)`
`513`
`46,173`
`969,923`
`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(29,813)`
`46,344`
`-`
`(171)`
`(29,813)`
`46,173`| |---|---| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Ian Goodridge`
**`TOTAL FUNDS`**|`At`
`1.10.21`
`£`
`923,066`
`684`
`923,750`|`Net`
`movement`
`in funds`
`£`
`(25,728)`
`(299)`
`(26,027)`|`At`
`30.9.23`
`£`
`897,338`
`385`| |---|---|---|---| ||||`897,723`| ``` continued... ``` ``` Page 23 ``` ``` Ealing Cricket Club ``` ``` Notes to the Financial Statements - continued for the Year Ended 30 September 2023 ``` ## **`16. MOVEMENT IN FUNDS - continued`** ``` A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Ian Goodridge`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`719,517`
`-`
`719,517`|`Resources`
`expended`
`£`
`(742,426)`
`(299)`
`(742,725)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(2,819)`
`(25,728)`
`-`
`(299)`
`(2,819)`
`(26,027)`| |---|---|---|---| ## **`17. EMPLOYEE BENEFIT OBLIGATIONS`** ``` Thecharitablecompanycontributestoa pensionschemeforfouremployeesandanothercontinuing scheme foroneemployee(definedcontributionschemes).Thecostfortheyearrepresentsthecharity's contribution to these schemes of £6,240 (2022: £6,459). ``` ## **`18. RELATED PARTY DISCLOSURES`** ``` EalingCricketClub,acharitablecompanyincorporatedinEngland&Walesundernumber07625534 and charityregistrationno1141973,istheparentcompanyofEalingCricket&SocialClubLimited,its wholly ownedsubsidiary,whichinturnpurchasedtheentiresharecapitalof PremierCricketCoachingLimitedon 14 January 2016. ``` ``` EalingCricketClub,anditsimmediatesubsidiarycompanyarebothexemptfromtherequirementto prepare group accounts as they are both small companies at the head of small groups. ``` ## **`19. ULTIMATE CONTROLLING PARTY`** ``` No one person or entity has control. The charity is managed by its Board of Directors and Trustees. ``` ## **`20. LEGAL STATUS OF THE CLUB`** ``` The club is a companylimitedby guaranteeand has no share capital.The liabilityof each member in the event of a winding up is limited to £1. ``` ``` Page 24 ``` ``` Ealing Cricket Club ``` ## **`Detailed Statement of Financial Activities`** ## **`for the Year Ended 30 September 2023`** |**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`Donation from subsidiary`
**`Other trading activities`**
`Sponsorships`
`Ground rental income`
**`Investment income`**
`Interest receivable - trading`
**`Charitable activities`**
`Subscriptions`
`Match fees income`
`Other income`
**`Other income`**
`Government grants & subsidies`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Salaries and wages`
`Social security`
`Pensions`
`Rates and water`
`Insurance & security`
`Light and heat`
`Postage, stationery, telephone`
`Sundries`
`Match, coaching and cricket`
`Corfton Road ground expenses`
`Repairs and maintenance`
`Carried forward`|`2023`
`£`
**`1,169`**
**`-`**
**`1,169`**
**`20,882`**
**`81,970`**
**`102,852`**
**`1,017`**
**`107,901`**
**`16,443`**
**`33,403`**
**`157,747`**
**`-`**
**`262,785`**
**`76,547`**
**`15,602`**
**`6,240`**
**`1,504`**
**`4,900`**
**`3,517`**
**`2,243`**
**`15,423`**
**`86,534`**
**`28,478`**
**`54,966`**
**`295,954`**|`2022`
`£`
`66,537`
`44,135`| |---|---|---| |||`110,672`
`23,389`
`54,725`| |||`78,114`
`76`
`108,818`
`14,449`
`141,936`| |||`265,203`
`2,667`| |||`456,732`
`62,042`
`12,872`
`6,459`
`3,720`
`4,851`
`2,451`
`1,904`
`10,746`
`112,845`
`26,177`
`73,557`
`317,624`| ``` This page does not form part of the statutory financial statements ``` ``` Page 25 ``` ``` Ealing Cricket Club ``` ## **`Detailed Statement of Financial Activities`** ## **`for the Year Ended 30 September 2023`** |**`Charitable activities`**
`Brought forward`
`Bank charges`
`Hanwell ground expenses`
`Popesfield ground expenses`
`Administrative services`
`Depreciation of Leasehold property`
`Depreciation of plant & machinery`
`Depreciation of fixtures & fittings`
**`Other`**
`Loss on sale of tangible fixed assets`
**`Support costs`**
**`Governance costs`**
`Independent examination fee`
`Total resources expended`
**`Net (expenditure)/income`**|`2023`
`£`
**`295,954`**
**`4,662`**
**`15,357`**
**`11,094`**
**`5,251`**
**`6,200`**
**`4,087`**
**`14,784`**
**`357,389`**
**`-`**
**`4,590`**
**`361,979`**
**`(99,194)`**|`2022`
`£`
`317,624`
`5,284`
`10,071`
`15,738`
`4,888`
`6,200`
`4,095`
`12,320`| |---|---|---| |||`376,220`
`326`
`4,200`| |||`380,746`| |||`75,986`| ``` This page does not form part of the statutory financial statements ``` ``` Page 26 ```