2023-10-31-accounts

Charity number: 115548S Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Unaudlted Trustees. report and flnanclal statements For the year ended 31 October 2023

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Contents Page Reference and admlnlstr•tlve det•lls of the Ch•rlty. Its Trustee$ and advlstrs Trustees. report Trustees. responsibilities statement Indèpèndènt •xamln•rfs rèport statement of financial activities Balance $h••t Notes to the financial stat8m•nts 8-15

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) R¢feren¢• and admlnl$tratlv¢ detsll$ of th¢ Charlty. Its Tru$t¢¢$ and advlsers For th8 yèar èndèd 31 OCto￿r 2023 Trustees C Swadkin Ire5igne(J 1 November 20221 A Griffiths S Buller-Gallie D Daly M Wilshaw E Davidsonlapwinled 12 May 20231 B Owen (ap￿nted 13 January 20231 A Ta￿or (appointed 13 January 20231 S While {app￿'n1ed 10 July 20231 CIO reglster8d numb8r 1155485 Principal office St Lawrence GrourKI Old Dover Ro8d Canterbury Kenl CT1 3NZ Accountants Kreslon Reeves LLP Chartered Accounl8nts 37 Sl Margaret's Street Canterbury Kent CT12TU Bankorn Nalwesi Bank plc 11 The Par8de Canlerbury Kent CT12SQ Independent Examlner Nigel Fright FCCA 37 Sl Marga￿1,8 Stre81 Canterbury Kent CT12TU Page 1

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Trust••s' rèport For the year endèd 31 Octobgr 2023 The Trustees present their annual report together wilh the financial ststements of the Charity for the period 1 November 2022 10 31 October 2023. Objectives and activities a. Pollcl•s and obJ•ctl¥•s The principal objects of the charity are for the benefft of the pUt￿lC generally and in pa￿'cUlar. the inhabitants of Kent and ils surrounding are8S.' 11 To promote community participation in healthy recreation by providing oprK)rtunities for the playing of cricket and to promote other sporti'ng activities capable of having a benefiaal effect on health. 21 To provide or assist in providing OPPK)rtunib"es for the plawng of and development of the game of cricket on 8 recreation81 basis for such persons who have nee(1 for such opportunities by reason of their youth, age, infirmily or disablement. poverty or sooal and economic ¢ir¢umstance$ or lor the public at large in the interests of social welfare and with the oty'ect of improving their conditions of life. 31 To advance the education and development of children and srjung people through such means as the Iruslees think fil in accordance with charily18W 41 To provide opportuniligs to promote sw81 indusion and swal cohesion for Ihe public benefil linduding, for those facing mental health worri8s andlor dementsal by using the game ol cricket and its associatèd facilitses and using Sport more generally lo integrate such petsons within society. 51 To 3dvance the education of the public in the history and heritage of Kent crickol and of the sport of cricket generally, using all media. In selling objectives and planning lor activities. Ihe Trustees have given due eonsideralion lo general guidancè published by the Charity Commission relating (o public benefit. induding the guidance 'Public benefit.. running a charity IPB21'. Achlevements and perfomiance •. Revlew of a¢tlvltl•$ With the appointment by the charity of a Project Development Officer during the year. the charity has been able lo promote community ongagemenl across two Core programmes focusing on healthy lifeswe acb'vititss through cricket. These activities have tsrgeted socially isolated groups such as refugees, in particular arriwng in K8nl from Afghanistan. and men and women aged over 50. The development of these activities has enabled Ihe charity to raise funds directly from Local Authorities, such as Kent County Council, lo deliver for those aulhorib"es. healthy lifestye and social integration services, in partnership wrth Kent Cricket's Community Cricket Team. Furthei funding for these programmes has been secur8d from othèr chariti8s such as Swrt England and Agè UK, as wèll as via othèr convantional ftJndr3ising activities. Financial review . Going concem After making appropriate enquiries, the Trustees have a reasonable expeciation that the Charity has adequate resources to conb'nue in operational exislence for the foreseeable future. For this reason, they continue to adopt the going con￿rn basis in preparing the financial statements. Further details regarding the adoption of the going concem basis can be found in the accounb.ng w)lirie5. Page 2

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Trust¢¢$' r¢port l¢ontlnuedl For th8 yèar èndèd 31 OCto￿r 2023 b. Reserves policy The charity had incoming resources of £89,982 12022.. £26.0201 and resources expended of £63,961 12022.. £25,881) in the year, resulting in net asseis and total funds of £288.32612022.' £262,305) at 31 October 2023. The charitys reserves will be used to fund agreed activities. The reserves policy is that three 131 months, exptrndilure by the Trust should be held 8$ protection against significant short lerm financial pressures. and tolal unrestricted funds of th￿e(3) months, expenditure should be held, as cover lor any longer temi and residual exposures. The Reserves Policy will be reviewed annualty and approved ty the Board of Trustees. Structur• gov•manc• and manag&m•nt a. Constltutlon The charity is a Charitable Incorporated Organisation which is govemed by its Constitution dated 27 January 2014. The charity was originally registered in the name of Kent Cricket Recreational Tru51. This was amended to Kent Cricket Development Trust on 3 March 2014. b. M•thods of appolntm•nt or •lectlon of Truste•s The management of the Charity is the responsibilty of the Tnjslees who are elected and co-opted under the terms of the Trust deed. Plan8 for future p•rlod• Cricket has a unique abilily to connecl communities and improve lives. It is a sport that transcends generations and has the ability lo reach beyond social boundaries in a way that few other sports can. The charity aims lo make a positive impact in the communities where Kent Crickei play. by engaging with individuals and social groups that can become, and often do feel. isolated. The t8rity's aim is to make a differenc8 by ensuring that Kent Cricket, as a major sporting brand. is identified as a Club that cares about its whole community. The charity is increasing its programmes and is launching its No Boundaries initsative to work wth other enb'lies including Kent Police and EFL Football Clubs lo tackle anti-social behaviour and other issue5 affecting young people across Kent. Approved by order of the rneM￿rs of the board of Trustees and signed on their behalf by.. er41all Twslee D41e', 18 SE 2024 Page 3

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Statèmant of Trust••s' r•sponslbllltl•s For the year ended 31 October 2023 The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance wlh applicable law and United Kingdom Accounb"ng Stsndard5 (Untted Kingdom Generally Accepted Accounting Pra¢ti¢g1. The law applicable lo charitses in England & Wales requires the Trustees to prepare financial statements for each financial which give 8 true and fair view of the stsle of affairs of the Charity and of ils incoming resources and appli¢atitsn of resources. induding ils in¢ome and expendiluitr, for that ptrriod. In preparing these financial statements, the Trustees are fequired to-. select suitsble accounbng policies and then apply them ¢onsistendy, observe the Meth￿IS and principles of the Charities SORP IFRS 1021., m8ke judgments and accounting esb"mates th818re reasonable 8nd prvdenl,. state whether applicable UK Accounling Standards IFRS 1021 have been followed, Subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on Ihe going concem basis unless11 is inappropriate lo presume that the Charity will CA)ntsnue in business. The Trustees are responsible for keeping 8dequ8le accounting records Ihal are sufficient lo show and explain the Charitys transactions and disclose wlh reasonable accuracy at any lime the financial position of the Charlty and 8nable them to ensure that the finanual statements comply VAth the Charities Act 2011, thg Charity (Accounts and Reports) Regulations 2008 and the provisions of the TnJst deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approvad by order of the memb8rs ol th8 board of Truste8$ and signed on its behalf by.. •r43allla Truste8 lab Page 4

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Independent examinerfs report For the year ended 31 OctO￿r 2023 Independent examinerfs report to the Trustees of Kent Cricket Development Trust ￿lhOSe registered working name is Kent Cricket Community Trust) (Yhe Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 October 2023. R•sponslbllltlès and basls of r•port As the Trustees of the Charity you are responsible ft)r the preparation of the accounts in accordance wlh the requirements of the Charities Act 2011 (Ihe 2011 Act'l. I report in respect of my examination of the Charitys accounts carried out under secb'on 145 of the 2011 Act and in carryng out my examination I have followed the applicable Dire¢b"ons given by the Ch8rity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statoment Your attgnlion is drawn lo the fact that the Charity has prepared the a¢¢ounts in a¢¢ordan¢e with A¢¢ounting 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 IFRS 1021 in preference lo Ihe Accounting and Rew)rting by Charities. Statement ol Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations but has bèen wilhdr8wn. l understand that this has been done in order for the accounts to prowde a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting period5 beginning on or after 1 January 2015. I hav8 complet8d my 8xamination. I confimi that no matters have como to my attgntion in conngth'on with tho examination giving me cause to believe that in any material respect.. accounlng records were not kept in respect of the Charity as requlred by section 130 of the 2011 Act., or the accounts do nol accord with those records,. or the accounts do not comply wlh the applicable reguirements concerning the fom and conlenl of a¢¢ounts sel out in the Chantses IA¢¢ounts and Reportsl Regulations 2008 other than any reguirgmenl that the accounts give a 'twe and fail view which is not a matter considered as part ol an independent examination. I have no concems and have come across ￿ other matters in connection wrth the examination to which atlention should be drawn in this report in order lo enable a proper undersianding of the accounts to be reached. This report is made solely lo the Charitys Truslees, as a body, in a¢¢ordance with Part 4 of the Charities IA¢¢ounts and Reports) Regulatsons 2008. My work has been underlaken so that I might stste to the Charity's Trustees those matters l am required to slate lo Ihem in an Independent examiner's report and for no other purpose. To the fullesl extent permitted by law. I do nol aC￿p1 or assume responsibility to anyone other than the Charity and the Charitys Trustees as a body, for my work or for this report. Signed.. Daled.. 0110812024 Nigel Fright FCCA Kraston Reevas LLP Canterbury Page 5

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Statement of financial activities For the year ended 31 OctO￿r 2023 Restrlcted Unrestrlctèd funds funds 2023 2023 Total funds 2023 Total funds 2022 Note Income from.. Grants, donations and legacies.. Gran15 Donations and legacies 81.661 5,000 3,321 86.661 3.321 26.020 Total Ineam• 81,661 8,321 89,982 26.020 Exp•ndltur• on.. Charitable activities 41,918 22,043 63,961 25,881 Total expenditure 41,918 22,043 63,961 25,881 Net Incomellexpendlturn) Transfers between funds 39.743 1.171 113,7221 11,1711 26.021 139 Net movem•nt In funds 40.914 114,8931 26.021 139 R•conclllatlon of funds: Total funds brought forward Net movement in funds 161.374 40,914 100.931 114,8931 262.305 26,021 262.166 139 Totsl funds carrl•d forward 202,288 86,038 288,326 262,305 The Stslemenl of financial activities indudes all gains and losses recognised in the year. The nol6s on pages 8 10 15 form part of these financial stslements. Page 6

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Balance sheet A5 at 31 October 2023 2023 2022 Note Current assets Debtors Cash at bank and in hand 250.141 263,955 290,141 263,955 Creditors.. amounts falling due within year {1.81S) 11.6501 Net current assets 288,326 262,305 Total net assets 288.326 262,305 Charlly funds Restricted funds Unrestricted funds 202,288 86.038 161.374 100.931 Total funds 288,326 262,305 The financial statements w8re approved and authorised for issue by the Trustees and signed on their behalf by.. r4alll• Trust80 Dale.. Tho not68 on pages 8 10 15 fomi port oflhese fHwnc*l •tatern￿. Page 7

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 General Inforniatlon Kent Cricket Development Trust Iwth a working name 'Kent Cricket Community Trusfl is a Charitable Incorporated Organisalion. regislered wilh the Charities Cofflmission wlh the number 1155485. The principal office is St Lawrence Ground, Old Dover Road, Canlerbury, Kent, CT13NZ. The charitable activities conlinue to be to actively encourage. support and promote the playing and developmenl of recreational cricket at all levels and age groups in Kent, and to use cricket as a means of improving the heallh and wellbw'ng of communities acr￿&S Kent. The financial sl8lements are p￿sented in Pounds Slerfing and rounded to the nearest pound. Accountlng pollcleB 2.1 Bas1$ af pr•paratSon of financlal statèm•nt$ The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Ch8rilies'. Stslemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rgpublic ol Ireland IFRS 1021 leffeclive 1 January 20191, the Finanryal Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared lo give a 'lrue and fairf view and have departed from the Charities (Accounts and Repy)rtsl Regul8b"ons 2008 only to the exlenl required lo provide a 'lrue and fair, view. This departu￿ has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the A¢￿untIng and Reporting by Charits'es.. Slalemenl of Recommended Prartice effertive from 1 April 2005 whith has $in¢e t)een withdrawn. Kent Cricket Developmenl Trust (Whose regislered working name is Kent Crick81 Community Trust) meets the definition of a public benefrt entity under FRS 102. Asgels and liabililieg are initially recognised al historical cost or Iransa¢tion value unless othe￿ise slale(l in the relevant accounling )licy. 2.2 Golng concarn The Tnjslees confim that there are no material un¢ertainlieg of which they are aware that could impact upon the charitys ability lo continue as a going concem. 2.3 Incomo All income is recognised On￿ the Charity has entiuement to (he inoJme, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are indudgd in the Ststement of financial activities on a re¢eivable basis. The balan¢9 of income received lor specific PLJrposes but not expended during Ihe period is shown in the relevant funds on the Balance sheel. Where income is received in advance of entitlement ol receipt, its recognition is deferred and induded in creditors as deferred in￿me. Where entitlement occurs before Income is received. the Incowne is accrued. Page 8

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Accounting policies (continued) 2.4 Expgndlture Expenditure is recognised once there is a legal OT constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the oblig8lion Can be measured reli8bly. Expenditurtr is cl8ssifitrd by aclivily. The costs of each adivity are madg up of the total of dire¢t ¢osts and shared costs. induding support ¢osts involved in undertaking each aclivily. Direcl cosis attributable to a single activity are allocaled directly to that activity. Shared costs which contribule lo more than one activity and SUPPDrt costs which are not attributable to a single activity are apporboned between those activities on a basis consistent with the use of resource5. Centr81 stsff costs are alloc8led on the basis of ts.me spent, and depreciation charges alloc8lwJ on the portion of the asset's use. Expènditure on tharitabl& activities is incurred on direcily undertaking the activities which further the Charivs objectives. as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being ￿cOgnised as expenditure when the conditions attaching are fulfilled. Grants offered subject lo Conditions which have not been met at the year end are noted as a commilmenl, bul not accrued as expendilure. All expendrture is indusive of irrecoverable VAT. 2.5 Dobtor• Trade and othgr dgbtors aro recognised at Ihg setuemgnt amount aftor any trade discount offered. Prepayments are valued al Ihe amounl Prepa￿ net of any irade discounts due. 2.6 Cash at bank and In hand C8sh al bank and in hand Indudes cash a￿1 short-temi highly liquid investsnents with a short malurlty of three months or less from th¢ date of acquisition or ¢)pening of the deposit or Similar account. 2.7 Llabllltles and provlsSons Liabilities are ￿C¢￿niSed when the￿ is an obligalify) 81 the Balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in setuement. and the amount of the settlem¢nt can be estimated reliably. Liabilities are recognised at the amount Ihat the Charity anlicipales il wll pay lo settle the debt or the amount il has received as advanced payTnents for the goLNJs or services il Tnust provide. Provisions are m8asur8d at bèst 8Stimatè of the amounts raquir￿ to sèttlè th8 obligation. Whèr8 the effect of the time value ol money is malerial. the provision is based on the present value of those amounts, discounted al the pre-tax discounl rate ihat reflects ihe risks specific to ihe liability. The unb*inding of the discount is Tecognised in the Statement of financial activities as a finance cost. 2.8 Flnancial instruments The Charily only has financial assets and financial liabilities of a kind that qualty as basic financial instrurnents. Basic financial instrumenls a￿ initially recognised at transaction value and subsequently measured at their settlement value. Page 9

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Accounting policies (continued) 2.9 Fund a¢¢ountlng General funds are unrestricted funds whith are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordan￿ with specific restrictions imposed by donors or whith have been raised by the Charity for parb'cular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use ol each restricted fund is sel out in the notes to the financjal statements. In¢omo from danatlons and l•gaclès Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 Donations 3,321 5,000 3.321 86,661 10,000 16.020 Grants 81.661 Total 2023 81,661 8,321 89,982 26.020 Total 2022 14,727 11,293 26,020 Analy$i$ of expenditure on charitablè a¢tlviti•$ Summory by fund typ• Restrlcted Unrestrlcted funds funds 2023 2023 Total 2023 Total 2022 Dlrecl costs 41,918 22,043 63,961 25,881 Total 2022 7,672 18,209 25,881 Page 10

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Charltable actlvltles Restricted Unrestricted fund5 funds 2023 2023 Total fvnd$ 2023 Total funds 2022 Grants Accountancy fees Promotion and events Wages Coaching Trustee expfjnses 3,152 2,505 4,058 9,892 2,355 81 5,502 2,505 4,058 49,460 2,355 81 3,298 2.580 4,213 15,629 39,568 161 Total 2023 41,918 22,043 63,961 25,881 Total 2022 7,672 18,209 25,881 Tru$tee$' remun•ratlon and oxp•nus During the year, no Trustees received any remunerabon or other benefils12022 . £NILI. During the year ended 31 October 2023. expenses lotslling £81 were ￿1MbUrSed or paid directly lo 1 Truslee12022- £161 to 1 Trusleel for travel and SU￿StenCe expenses. Debtors 2023 2022 Due wlthln one year Prepayments and accrued income 40,000 40,000 Cr•dltors: Amounts lalllng du• wlthln on• ￿ar 2023 2022 Other creditors 1,815 1,650 Page 11

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Stat8m•nt of funds statement of funds - current year Balan¢e at 1 Novem￿1 2022 Balance at 31 Octabar 2023 Transfèrs inlout Incom& Exp•ndlturo Unrestrlct•d funds General Funds- all funds 100.931 8.321 (22.043) 11.1711 86,038 Restrlcted funds Disability Fund Alpha Foundation Fund Sevenoaks District Council $.106 Fund Flrsl Change Refugee Programme 50 Overs Programme 3,019 1,300 3,019 1,300 150,000 150,000 7,055 71,909 9.752 (30.995) 110,923) 47,969 1.171 161,374 81,661 (41.918) 1,171 202,288 Total of funds 262,305 89,982 163.961) 288,326 Page 12

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Stat8m•nt of funds {contlnuedl statement of funds - prior year Balance at 8818n¢ts 81 1 November As restated As restated 31 October 2021 Income Expenditure 2022 Unrestrlct•d funds General Funds- all funds 107,847 11,293 118.2091 100,931 R•strl¢t•d funds Disability Fund pha Foundation FuThJ Sevgnoaks District Countil s.106 Fund First Chang8 Refugee Programmg 3,019 3,019 1,300 150.000 7,055 150,iXXI 14,727 17,6721 154,319 14,727 17,6721 161,374 Total of fund8 262,166 26,020 125,8811 262,305 Page 13

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Stat8m•nt of funds {contlnuedl The prior year restricted funds have been reslated. to be amalgamated into First Change Refvgee Prograrnme from varv)u5 smaller lunds. The Disability Fund is 3 9eneral fund that is built up through donations and wll be used for speafic disability related projecis as they arise. The Alpha Foundation Fund is for developing recreational facilities and will be made to clubs who make specific reque51s to update or repair their current facilities. Thg Sgvenoaks District Council $.106 Fund represents monies received from Sevenoaks District Coun¢il to enable the best opportunities for developing cricket within the Sevenoaks D.C area. to include facilities development. local club development and running addilional partiapation programmes across the region. First Chang8 Refugee Programme is a programme locused on using Cricket as a m8ans of inl&graling refugee families and unaccompanied a$￿￿M seeking minors through sport. 50 Overs Programm8 IS targ6ted al those over 50 who want to engage in a healthier lifeSt￿e and uses cricket lo address issues such as social isolation amongst difficult to reach groups. 10, Summary of lunds Summary of fund8- current year Balance at 1 November 2022 Balance at Transfers 31 October Inlout 2023 Income Expendlture General funds Reslricled funds 100,931 161,374 8,321 81,661 (22.043) 141.918) 11,1711 1,171 86,038 202,288 262,305 89,982 163,961} 288,326 Summary of fund8- prlor year Balance al Balance at 1 November A5 restated A5 re51ated 31 October 2021 Income Expenditure 2022 General funds Reslricled funds 107,847 154.319 11.293 14.727 118,2091 17.6721 100,931 161,374 262.166 26,020 125.8811 262.305 Page 14

Kent Cricket Development Trust (Whose registered working name is Kent Cricket Community Trust) Notes to the financial statements For the year ended 31 OctO￿r 2023 Analysls of nét assats b8tw8&n funds Analysis of net assets between funds- current year Restrithd Unre$trl¢tod funds funds 2023 2023 Total funds 2023 Current assets Crgdilors due within one year 202,288 87.853 11.8151 290,141 11,8151 Total 202,288 86,038 288,326 Analy818 of net a88ets between funds- prSor year Reslri¢ted Unrestricted funds funds 2022 2022 Total funds 2022 Current assets Creditors due within one year 161,374 102.581 11.6501 263,955 11,6501 Total 161,374 100,931 262.305 12. Related party transactlons There were no related paty transactions during the year12022- £Nill other than Iruslee expenses a8 disclosed at note 6. 13. Controlllng party The Trustees are of the opinion that the charity has no controlling paty. Page 15