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2024-09-30-accounts

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2024

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 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 8
Independent Examiner's Report 9 to 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 23
Detailed Statement of Financial Activities 24 to 25

Ealing Cricket Club

Reference and Administrative Details for the Year Ended 30 September 2024

TRUSTEES J C Grigg Secretary (Resigned as Chair 27.11.23) (resigned
21.3.24)
S J Scott (appointed 6.12.23)
L R F Stoughton (appointed 6.12.23)
M Turner (resigned 6.12.23)
C W Wheeler
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 Chair of Trustees 27.11.23) (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 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Group accounts are not required as this company is the parent of a small group. Ealing Cricket Club (ECC) is a company limited by guarantee, governed by its Memorandum and Articles of Association. The Club is registered as a 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.

The Club has been in existence since 1870 and, in that time, has become an important part of our local community. We are a family Club and this lies at the heart of our success both on and off the playing field. Fostering this sense of family involvement is the cornerstone of our efforts to promote cricket in our local community.

The Trustees recognise that, following the Club's conversion to become a charity, the Club's various activities must be run according to the best principles of corporate governance. The Trustees believe that the charity conversion has focused our efforts on achieving our twin objectives for the benefit of our local community. We continue to look to attract volunteers to strengthen our team to ensure we can deliver the best quality services.

The Club has a fee-paying membership, which is concessionary for specific groups, e.g. Juniors, and for others where the payment of fees might be an obstacle to their participation in cricket activities at the Club. The principal limit on the number of playing members at the Club has historically been the lack of facilities that we have had available for our use. However, we expanded our playing facilities in recent years and this has allowed us to continue to grow our cricketing activities.

Page 2

Ealing Cricket Club

Report of the Trustees for the Year Ended 30 September 2024

OBJECTIVES AND ACTIVITIES

Charitable activities

Each year, the Club updates its Development Plan as part of its Clubmark accreditation with the England & Wales Cricket Board (ECB). This document summarises the activities that are planned to achieve our objectives.

In Senior Cricket, ECC again had six senior Men's teams playing league cricket in the MIddlesex County Cricket League (MCCL) on Saturdays, with a full 18 match fixture schedule. We participated in the ECB National Club Championship, the ECB National T20 Cup, the Middlesex Cup, Club Cricket Conference Cup, Middlesex Cricket Board Development League, the ECB U19 National Club Championship, the Middlesex Cricket Women's League and the Chess Valley League.

The Junior Cricket section, which had approximately 560 members in 2024, aged between 5 and 17 in 29 junior teams, is supported by senior qualified professional coaches, led by our Director of Cricket, Shaftab Khalid, and assisted by a large number of volunteer coaches, mostly drawn from the parents of the Junior Cricketers. Many of the volunteer coaches undertake ECB sponsored coaching courses and some go onto Level 2 courses. Our Girls' section remains one of the largest in the country with over 100 girls.

The number of children involved in our Junior cricket activities did decrease somewhat during the year, in part due to the ability of families to travel far more easily and also by the economic pressures that so many are facing in the current environment. For our part, the Club has continued to seek to expand the broad range of opportunities for our Junior members to develop as cricketers.

Senior cricket is provided by the Club across a spectrum of standards and competitiveness and is played by participants with a wide range of ability levels. It is also an integral part of the continuum of youth development and participation.

The senior Men's and Women's teams often include a significant number of Junior Cricketers giving our younger players the opportunity to get exposure to more experienced cricketers and to play at a higher level.

The Club provides playing opportunities for all levels of ability although all teams are usually selected on ability. This ensures that teams contain the skills necessary (for example, bowling, batting, fielding and wicket-keeping) and that players play cricket at a level commensurate to their competence to ensure safety. Selection is based on the experience and judgement of coaches taking into account a number of factors including the balance of skills needed and player availability. When there are sufficient players available, the Club seeks to organise additional fixtures.

In recent years, our Junior cricket activities has expanded considerably and as a result we have needed to expand our playing facilities. Our three grounds - Corfton Road, Popesfield and Brentfield - are all in regular use throughout the summer, but are not sufficient for our current needs. In 2025, we will again need to hire additional playing facilities to cater for all of our planned activities. And we continue to look actively at acquiring, on a long term basis, additional playing facilities.

Coaching courses for young cricketers on Sundays and throughout the school holidays continue to be run at the Club under our brand, Premier Cricket Coaching. And, in recent years, our comprehensive winter training programme for our Junior Cricketers has been very popular. When there is sufficient demand, we also run indoor coaching courses during the winter during the October and February half term breaks and during the Christmas holidays.

The Club has for many years actively engaged with a number of local schools where we assist the development of cricket in the schools. We have also hosted Kwik Cricket competitions run on behalf of Active Ealing, Schools Sports Partnerships and other competitions on behalf of Middlesex Cricket and the Middlesex Junior Cricket Association and work closely with Active Ealing and others promoting cricket in our local community.

Page 3

Ealing Cricket Club

Report of the Trustees for the Year Ended 30 September 2024

OBJECTIVES AND ACTIVITIES

Public benefit

The Trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to guidance published by The Charity Commission, including public benefit guidance and have taken it into account in all decision making.

ACHIEVEMENT AND PERFORMANCE

Charitable activities 2024 was another successful year for our teams.

Our 1st XI Men's Team were crowned Premier League Champions whilst our 3rd and 4th XI also won their respective Leagues. Our Ladies also finished second in the Sheila Hill comp.

The Juniors once again had a season to be proud of. We retained the Victor Ludorum Trophy as the Champion Junior Club in Middlesex for the 5th time in a row.

Our U17 Boys and the U11 Girls both won the County League and Cup double, the U14 Boys were County League Champions and the U15 Boys were County Cup champions.

In addition to the Middlesex Junior Cricket Association competitions, the internal Inter Franchise League (IFL) launched in 2019 to provide additional playing opportunities for our Junior members was again a great success. We also had another fantastic IFL Festival.

A large number of our Boys and Girls continue to participate in the Middlesex Cricket player pathway and we believe that we still have a higher number of children playing County Age Group cricket than any other Club in Middlesex.

The continued success of our junior teams and players is extremely pleasing and a great credit to our brilliant coaches, many of whom are volunteers.

We continue to look for opportunities to improve and expand our facilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The company is the sole member of Ealing Cricket & Social Club Limited, a limited liability company, registered in England, under registered number 7721549. This subsidiary company was incorporated on 28 July 2011 and provides functions and social facilities to fee-paying members. It prepares its financial statements to 30 September and donates the whole of its taxable profit to Ealing Cricket Club.

Ealing Cricket & Social Club Limited is the sole member of Premier Cricket Coaching Limited, a limited liability company, registered in England under registered number 9951849. Premier Cricket Coaching Limited was incorporated on 14 January 2016 and runs cricket coaching courses and supports Ealing Cricket Club. It prepares its financial statements to 30 September and donates the whole of its trading profit to Ealing Cricket Club.

The financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 (s.419(2)).

Page 4

Ealing Cricket Club

Report of the Trustees for the Year Ended 30 September 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The company's Articles of Association require that there be at least three Trustees and a maximum of twelve Trustees (Article 25).

Any person who is willing to act as a Trustee may be appointed Trustee by ordinary resolution or a decision of the Trustees (Article 26), provided they have reached the age of 18 years, and unless disqualified under Article 27.

One third of the Trustees who are subject to retirement by rotation, or the nearest number to one third, must retire from office at each annual general meeting, plus any Trustees who have been appointed by the Trustees since the last Annual General Meeting. Those to retire by rotation are those who have been the longest in office since their last appointment or reappointment.

Other appointees as Trustees must be recommended by the Trustees and then comply with the notices required by Articles 26.7.2 and 26.8.

We have now had a year of the new Trustees and structure in situ. Each of the new Trustees wealth of experience, passion and expertise to their designated role has really helped move the Club forward since the last AGM.

As required by the Articles of Association, all the new Trustees, who are appointed, are standing for re-election at the AGM and Penny Lewis, Greg Fitzpatrick and myself will retire by rotation and are also offering ourselves for re-election.

Dominic Morrey, unfortunately, is stepping down as a Trustee due to ever increasing work commitments. Dom has been pivotal in driving profitability through the Bar again and will be missed. I would like to thank Dom for everything he has done over the past year.

Pinal Gandhi will be joining the Trustees. Pinal will be taking on the role looking after the Women's and Girls section. This area of the Club is vitally important, and it needs its own dedicated person to give it the attention it needs.

Therefore, following the 2025 AGM, the Board of Trustees is proposed to be comprised as follows:

David Holt - Chairman Mark Grafton - Treasurer

Penny Lewis - Club Safeguarding Officer Greg Fitzpatrick - Bar and House Mitul Patel - Junior Cricket Robbie White - Junior Cricket Shilpa Patel - Marketing and Advertising Steve Scott - Finance and Insurance Luke Stoughton - Senior Cricket Colin Wheeler - Grounds Pinal Gandhi - Womens and Girls

The Trustees meet around six times per year to review the Club's performance and ensure the Club's strategy to meet its objectives is being implemented. The Trustees are supported by a number of full time and part time professional staff who deliver the Club's core activities and provide support for the large number of volunteers that the Club is fortunate to have.

Page 5

Ealing Cricket Club

Report of the Trustees for the Year Ended 30 September 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees monitor the financial performance and control closely and receive regular reports on various aspects of the Club's activities. Financial control systems have been implemented and these are subject to ongoing review and improvement. Health, safety and insurance reviews are undertaken at least annually.

Child safeguarding is high priority for the Club and Clubmark accreditation reflects the good practices that we have implemented to ensure that all aspects of junior cricket at our Club are undertaken in a safe and effective manner.

Page 6

Ealing Cricket Club

Report of the Trustees for the Year Ended 30 September 2024

FINANCIAL REVIEW

During the year ended 30 September 2024, Total Incoming Resources were £290,484 (2023: £262,785), Total Resources Expended were £303,747 (2023: £361,979) and a realised gain of £nil (2023: £nil) leaving Net Outgoing Resources of £13,263 (2023: £99,194). There was an unrealised gain on investments of £51,181 (2023: £26,994).

Activities for Generating Funds of £106,695 (2023: £102,852) comprised Sponsorship and Ground Rental income. Sponsorship revenue of £24,415 (2023: £20,882). Ground Rental income of £82,280 (2023: £81,970) was primarily the funds received for the use of the grounds, and includes the hire of Popesfield and the payments made by the Club's wholly owned subsidiaries, Ealing Cricket & Social Club Limited and Premier Cricket Coaching Limited, for the use of the facilities owned by the Club.

Donations and legacies amounted to £16,065 (2023: £1,169). This comprised external donations and grants of £16,065 (2023: £1,169) and payments received from subsidiaries of £nil (2023: £nil).

As in 2023 and 2022, there was no donation made by Ealing Cricket & Social Club Limited, the Club's wholly owned subsidiary, as it has losses brought forward. However, Premier Cricket Coaching Limited, an indirectly wholly owned subsidiary of the Club, usually donates all of its profits for the year to Ealing Cricket Club. No donation was made by Premier Cricket Coaching Limited in 2024 or 2023 as the company made losses during these years.

Incoming Resources from Charitable Activities of £166,997 (2023: £157,747) were, in part, members' subscriptions of £105,471 (2023:£107,901).

The principal elements of Resources Expended on Charitable Activities of £303,747 (2023: £361,979) were Match, Cricket & Coaching costs £62,755 (2023: £86,534), Salaries £95,942 (2023: £98,389) and Ground Expenses £57,321 (2023: £54,929). Repairs and Maintenance expenditure was higher in 2023 and in 2022 which reflects the costs of repairing subsidence damage and the opportunity this offered for a substantial refurbishment of the Pavilion at Corfton Road.

The Club had cash reserves as at 30 September 2024 of £41,766 (2023: £127,166) and investments of £436,611 (2023: £379,414). In addition, Ealing Cricket & Social Club Limited, which, as at 30 September 2024, owed the Club £132,720 (2023: £139,971) and had cash reserves of £17,868 (2023: £69,648).

The proceeds from the sale of the investment property in 2019 increased significantly the amount of cash reserves held by the Club. As noted above, the Club commenced a ground investment programme (CRGIP) to improve the playing facilities at our main ground in Corfton Road, which has required a substantial investment funded from the Club's reserves in recent years. The balance of reserves will be used in the medium to longer term to support the Club's activities and to ensure that we continue to meet our charitable objectives into the future. In this regard, the Trustees have established a development sub committee to look at the future development needs of the Club and to seek to ensure that we are 'future proofed'. The reserves available to the Club will be available to provide support for any strategic initiatives that emerge from the development sub committee's work.

The Trustees have considered how the cash reserves retained should be invested for the benefit of the Club. An investment sub-committee, comprised of James Grigg, Mark Grafton, Martin Turner and Vikram Patel, was convened to consider the best approach. All 4 members of the investment sub-committee have significant relevant experience in the investment of funds.

The Trustees agreed with the investment sub-committee's recommendations, which were as follows: - Approximately two thirds of the Club's cash reserves that are not required for the purposes of the CRGIP should be invested in an investment portfolio

Page 7

Ealing Cricket Club

Report of the Trustees for the Year Ended 30 September 2024

In reaching the investment sub-committee's recommendations, financial advice was sought from 1st Financial Limited, an Independent Financial Adviser registered with the Financial Conduct Authority. It should be noted that 1st Financial Limited is a company associated with Vikram Patel, who was, at that time, also a Trustee. The Trustees considered whether receiving financial advice from 1st Financial Limited might represent a conflict of interest. The Trustees concluded that, as 1st Financial Limited was not charging a fee for providing advice to the Club, there was no conflict of interest that was of concern.

The programme of investment in the portfolio commenced in August 2020 and was completed in June 2021. The investment sub-committee continues to monitor the performance of the portfolio and the allocation of assets within the portfolio and may recommend changes to the Trustees in the future.

The Trustees have due regard to guidance published by the Charity Commission, including that relating to public benefit in compliance with the duty in section 17(5) of the 2011 Charities Act.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 17 March 2025 and signed on its behalf by:

----- Start of picture text -----
D R Holt - Trustee
----- End of picture text -----

Page 8

Independent Examiner's Report to the Trustees of Ealing Cricket Club

Independent examiner's report to the trustees of Ealing Cricket Club ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.

Responsibilities and basis of report

As the charity's trustees 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').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with 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

  2. 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

  3. 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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Page 9

Independent Examiner's Report to the Trustees of Ealing Cricket Club

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a 'true and fair' view and my report is limited to those specific matters set out in the independent examiner's statement.

This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as 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

Date: .............................................

Page 10

Ealing Cricket Club

Statement of Financial Activities

for the Year Ended 30 September 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
16,065
Charitable activities
Cricket
166,997
Other trading activities
3
106,695
Investment income
4
727
Total
290,484
EXPENDITURE ON
Charitable activities
5
Cricket
300,194
Other
3,457
Total
303,651
Net gains on investments
51,181
NET INCOME/(EXPENDITURE)
38,014
RECONCILIATION OF FUNDS
Total funds brought forward
897,338
TOTAL FUNDS CARRIED FORWARD
935,352
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.		 Restricted
funds
£
-
-
-
-
-
96
-
96
-
(96)
385
289		 2024
Total
funds
£
16,065
166,997
106,695
727
290,484
300,290
3,457
303,747
51,181
37,918
897,723
935,641		 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

The notes form part of these financial statements

Page 11

Ealing Cricket Club

Balance Sheet

30 September 2024

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
283,586
436,611
720,197
226,943
41,766
268,709
(53,554)
215,155
935,352
935,352		 Restricted
funds
£
289
-
289
-
-
-
-
-
289
289		 2024
Total
funds
£
283,875
436,611
720,486
226,943
41,766
268,709
(53,554)
215,155
935,641
935,641
935,352
289
935,641		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

Page 12

continued...

Ealing Cricket Club

Balance Sheet - continued 30 September 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 March 2025 and were signed on its behalf by:

D R Holt - Trustee

The notes form part of these financial statements

Page 13

Ealing Cricket Club

Notes to the Financial Statements for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure is stated excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to 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

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds are to be used for specified purposes laid down by the donor/granting body. 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

The charitable company has introduced a defined contribution pension scheme. Since 1 August 2016, four employees have enrolled and only the company have paid contributions.

The charitable company continues to make contributions to a pension plan established for the benefit of one of the company's employees. These contributions are charged to the Statement of Financial Activities in the period to which they relate.

Page 14

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES - continued

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Going concern

The financial statements have been prepared on the basis of going concern. There are no material uncertainties regarding going concern.

Investments

Investments are stated at market value at the year end. All gains and losses on investments are reflected in the Statement of Financial Activities as they arise.

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Sponsorships
Ground rental income

Page 15

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

4.
INVESTMENT INCOME
2024
£
Interest receivable - trading
727
5.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs
costs
£
£
Cricket
295,160
5,130
6.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024
£
Depreciation - owned assets
26,196
Deficit on disposal of fixed assets
3,457
7.
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024
year ended 30 September 2023.
Trustees' expenses
There were no
trustees' expenses paid for the year ended 30 September 2024 nor for the
30 September 2023.
8.
STAFF COSTS
2024
£
Wages and salaries
83,885
Social security costs
6,542
Other pension costs
5,515
95,942
The average monthly number of employees during the year was as follows:
2024
Groundstaff
1
Management and administration
1
Cricket activities
3
5		 2023
£
1,017
Totals
£
300,290
2023
£
25,071
-
nor for the
year ended
2023
£
76,547
15,602
6,240
98,389
2023
1
1
3
5

Page 16

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

8. STAFF COSTS - continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1,169
Charitable activities
Cricket
157,747
Other trading activities
102,852
Investment income
1,017
Total
262,785
EXPENDITURE ON
Charitable activities
Cricket
361,851
Net gains on investments
26,994
NET INCOME/(EXPENDITURE)
(72,072)
RECONCILIATION OF FUNDS
Total funds brought forward
969,410
TOTAL FUNDS CARRIED FORWARD
897,338		 2024
-
Restricted
funds
£
-
-
-
-
-
128
-
(128)
513
385		 2023
1
Total
funds
£
1,169
157,747
102,852
1,017
262,785
361,979
26,994
(72,200)
969,923
897,723

Page 17

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

10. CORPORATION TAX

The charity is exempt from tax on income and gains falling within section 505 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.

11. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
At 1 October 2023
Additions
Disposals
At 30 September 2024
DEPRECIATION
At 1 October 2023
Charge for year
Eliminated on disposal
At 30 September 2024
NET BOOK VALUE
At 30 September 2024
At 30 September 2023		 Freehold
property
£
54,686
-
-
54,686
-
-
-
-
54,686
54,686		 Long
leasehold
property
£
122,060
-
-
122,060
24,809
6,201
-
31,010
91,050
97,251		 Plant and
machinery
£
43,517
25,082
(7,999)
60,600
31,255
5,877
(3,942)
33,190
27,410
12,262		 Fixtures
and
fittings
£
176,903
6,368
-
183,271
58,424
14,118
-
72,542
110,729
118,479		 Totals
£
397,166
31,450
(7,999)
420,617
114,488
26,196
(3,942)
136,742
283,875
282,678

The cost of freehold property relates to the cost of land, which is not depreciated.

12. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Shares
Cash held in Transact		 2024
£
429,333
7,278
436,611		 2023
£
371,988
7,426
379,414

Page 18

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

12. FIXED ASSET INVESTMENTS - continued

Additional information as follows:

Shares in
group
undertakings
£
MARKET VALUE
At 1 October 2023
1
Additions
-
Revaluations
-
At 30 September 2024
1
NET BOOK VALUE
At 30 September 2024
1
At 30 September 2023
1
Historical cost of investments		 Shares in
group
undertakings
£
MARKET VALUE
At 1 October 2023
1
Additions
-
Revaluations
-
At 30 September 2024
1
NET BOOK VALUE
At 30 September 2024
1
At 30 September 2023
1
Historical cost of investments		 Shares in
group
undertakings
£
MARKET VALUE
At 1 October 2023
1
Additions
-
Revaluations
-
At 30 September 2024
1
NET BOOK VALUE
At 30 September 2024
1
At 30 September 2023
1
Historical cost of investments		 Listed
investments
£
371,987
6,164
51,181
429,332
429,332
371,987		 Listed
investments
£
371,987
6,164
51,181
429,332
429,332
371,987		 Totals
£
371,988
6,164
51,181
429,333
429,333
371,988
2024 2023
£ £
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:
2024 2023
£ £
United Kingdom 375,252 323,948
Ireland 54,080 48,039
429,332 371,987
Cost or valuation at 30 September 2024 is represented by:
Shares in
group
undertakings
£
Valuation in 2020
-
Valuation in 2021
-
Valuation in 2022
-
Valuation in 2023
-
Valuation in 2024
-
Cost
1
1		 Listed
investments
£
(194)
33,054
(29,813)
26,994
57,345
341,946
429,332		 Totals
£
(194)
33,054
(29,813)
26,994
57,345
341,947
429,333

Page 19

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

12. FIXED ASSET INVESTMENTS - continued

Investments (neither listed nor unlisted) were as follows:

Cash in Transact portfolio

2024 2023
£ £
7,278 7,426

The charity owns 100% of the issued share capital of Ealing Cricket & Social Club Limited, whose principal activities are the retail sale of goods and services to the members of this charity, Ealing Cricket Club and other activities to raise funds for Ealing Cricket Club.

The subsidiary donates its taxable profits to its parent charitable company, Ealing Cricket Club. The subsidiary made a payment for the use of the facilities owned by the Club, in the amount of £15,000 (2023: £15,000). The subsidiary owed the Club £132,720 as at 30 September 2024 (2023: £139,971).

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
EC&SC Intercompany account
PCC Intercompany account
VAT
Prepayments
Accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
PCC Intercompany account
Deferred income
Accrued expenses		 2024
£
4,805
1,829
132,720
69,228
1,074
12,287
5,000
226,943
2024
£
19,821
3,825
-
49
-
20,628
9,231
53,554		 2023
£
9,192
2,212
139,971
-
-
7,927
920
160,222
2023
£
5,469
3,249
2,004
49
12,905
5,780
22,301
51,757

Page 20

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Ian Goodridge
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
290,484
Restricted funds
Ian Goodridge
-
TOTAL FUNDS
290,484
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Ian Goodridge
TOTAL FUNDS		 At
1.10.23
£
897,338
385
897,723
Resources
expended
£
(303,651)
(96)
(303,747)
At
1.10.22
£
969,410
513
969,923		 Net
movement
At
in funds
30.9.24
£
£
38,014
935,352
(96)
289
37,918
935,641
Gains and
Movement
losses
in funds
£
£
51,181
38,014
-
(96)
51,181
37,918
Net
movement
At
in funds
30.9.23
£
£
(72,072)
897,338
(128)
385
(72,200)
897,723

Page 21

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 262,785 (361,851) 26,994 (72,072)
Restricted funds
Ian Goodridge - (128) - (128)
TOTAL FUNDS 262,785 (361,979) 26,994 (72,200)
A current year 12 months and prior year 12 months combined position is as follows:
Net
At movement At
1.10.22 in funds 30.9.24
£ £ £
Unrestricted funds
General fund 969,410 (34,058) 935,352
Restricted funds
Ian Goodridge 513 (224) 289
TOTAL FUNDS 969,923 (34,282) 935,641
A current year 12 months and prior year 12 months combined net movement in funds, included in the abo
are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 553,269 (665,502) 78,175 (34,058)
Restricted funds
Ian Goodridge - (224) - (224)
TOTAL FUNDS 553,269 (665,726) 78,175 (34,282)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Page 22

continued...

Ealing Cricket Club

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

16. EMPLOYEE BENEFIT OBLIGATIONS

The charitable company contributes to a pension scheme for four employees and another continuing scheme for one employee (defined contribution schemes). The cost for the year represents the charity's contribution to these schemes of £5,515 (2023: £6,240).

  1. RELATED PARTY DISCLOSURES

Ealing Cricket Club, a charitable company incorporated in England & Wales under number 07625534 and charity registration no 1141973, is the parent company of Ealing Cricket & Social Club Limited, its wholly owned subsidiary, which in turn purchased the entire share capital of Premier Cricket Coaching Limited on 14 January 2016.

Ealing Cricket Club, and its immediate subsidiary company are both exempt from the requirement to prepare group accounts as they are both small companies at the head of small groups.

As at 30 September 2024 a total of £69,228 was owed by Premier Cricket Coaching Ltd (2023: owed to £12,905).

  1. ULTIMATE CONTROLLING PARTY

No one person or entity has control. The charity is managed by its Board of Directors and Trustees.

19. LEGAL STATUS OF THE CLUB

The club is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is limited to £1.

Page 23

Ealing Cricket Club

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Sponsorships
Ground rental income
Investment income
Interest receivable - trading
Charitable activities
Subscriptions
Match fees income
Other income
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
Bank charges
Hanwell ground expenses
Popesfield ground expenses
Administrative services
Depreciation of Leasehold property
Depreciation of plant & machinery
Carried forward		 2024
£
16,065
24,415
82,280
106,695
727
105,471
17,936
43,590
166,997
290,484
83,885
6,542
5,515
6,152
6,198
4,176
2,632
19,723
62,755
14,678
2,182
6,658
18,328
24,315
5,226
6,200
5,877
281,042		 2023
£
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
4,662
15,357
11,094
5,251
6,200
4,087
342,605

This page does not form part of the statutory financial statements

Page 24

Ealing Cricket Club

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

Charitable activities
Brought forward
Depreciation of fixtures & fittings
Other
Loss on sale of tangible fixed assets
Support costs
Governance costs
Independent examination fee
Total resources expended
Net expenditure		 2024
£
281,042
14,118
295,160
3,457
5,130
303,747
(13,263)		 2023
£
342,605
14,784
357,389
-
4,590
361,979
(99,194)

This page does not form part of the statutory financial statements

Page 25