Charity registration number 1156096
Company registration number 08642517 (England and Wales)
THE CLUB CRICKET ORGANISATION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
THE CLUB CRICKET ORGANISATION LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr R Book Mr M J Owen Mr C J Buckle Ms D E Black Mrs R A Nanalal (Appointed 26 November 2023) Mr P S Patel (Appointed 26 November 2023) Charity number 1156096 Company number 08642517 Principal address Flat 1 Manor Wood Lodge 1 Coombehurst Close Barnet Herts EN4 0JU Registered office Flat 1 Manor Wood Lodge 1 Coombehurst Close Barnet Herts EN4 0JU Independent examiner Gravita III LLP Aldgate Tower 2 Leman Street London E1 8FA
THE CLUB CRICKET ORGANISATION LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 12 |
THE CLUB CRICKET ORGANISATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023
The trustees present their annual report and financial statements for the year ended 31 August 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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).
Objectives and activities
The charity's objects are to promote community participation in healthy recreation by the playing of cricket and other sports capable of improving health and there has been no change in these during the year.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
During the year, the Charity consolidated its position within the cricket community and raised awareness of its objectives and aims. Having received an initial donation to allow the charity to begin operations a book entitled The Reluctant Umpire was published by the charity for sale through the charity website to raise funds. The electronic version of the book envisaged for 2023 has been postponed.
The Trustees have put a major emphasis on raising funds for the distribution and supply of portable defibrillator units to cricket clubs and teams. The Charity has obtained donations from private trusts and individuals and has obtained an increased donation of a further £100,000 from the England and Wales Cricket Board for this purpose in our accounting year 2022/23.
Financial review
The charity continues to explore ways to obtain new funding to meet its objectives.
Reserves policy
The Trustees are satisfied with the state of affairs of the Charity.
The Charity has resolved to hold a reserve of £500 to cover any outstanding short term secretarial and administrative functions payable to third parties.
Major risks
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
The trustee's have assessed the major risks to the Charity's activities as follows:
a. Fraud and/or embezzlement - the Trustee's have put into place suitable safeguards for signatories to the Charity's account to mitigate such risks.
b. Litigation - the Trustee's have given due diligence to all contractual arrangements with third parties which might lead to any litigation.
c. Cyber attack - the Trustee's have used their best endeavours to secure communications both internally and externally.
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THE CLUB CRICKET ORGANISATION LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
Plans for future periods
The Charity will continue in its role as a provider of funds to amateur and recreational cricket. The defibrillator supply project will continue for the foreseeable future. New projects will be assessed by the Trustees. The Trustees are in negotiation with other charities and organisations to further the interests of cricket clubs in their pursuit of new members. The trustees will use their best efforts to promote the values of club cricket in the context of their local communities.
Structure, governance and management
The charity is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr R Book
Mr M J Owen Mr C H Lewis (Resigned 10 August 2023) Mr C J Buckle Ms D E Black Mr S M Prodger (Resigned 8 April 2023) Mrs R A Nanalal (Appointed 26 November 2023) Mr P S Patel (Appointed 26 November 2023)
Recruitment and appointment of trustees
Trustees are recruited from volunteers from within the cricket community, of people with experience in the running of grass roots cricket clubs and organisations and are appointed by ratification of the existing board of trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees' report was approved by the Board of Trustees.
..............................
Mr R Book
Trustee
5/6/2024 | 5:10:21 BST Date: .............................................
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THE CLUB CRICKET ORGANISATION LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CLUB CRICKET ORGANISATION LIMITED
I report to the trustees on my examination of the financial statements of The Club Cricket Organisation Limited (the charity) for the year ended 31 August 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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
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4 the financial statements 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 financial statements to be reached.
Paul Woosey FCA, FCCA
Aldgate Tower 2 Leman Street London E1 8FA
Dated: .........................
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THE CLUB CRICKET ORGANISATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2023
| Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income from: Donations and legacies 2 18,011 182,129 Charitable activities 3 7,410 - Investments 4 3,012 - Total income 28,433 182,129 Expenditure on: Raising funds 5 9,311 - Charitable activities 6 17,485 272,782 Total expenditure 26,796 272,782 Net income/(expenditure) and movement in funds 1,637 (90,653) Reconciliation of funds: Fund balances at 1 September 2022 16,248 702,362 Fund balances at 31 August 2023 17,885 611,709 |
Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 200,140 1,470 616,018 7,410 19,482 - 3,012 76 - 210,562 21,028 616,018 9,311 12,506 - 290,267 13,894 302,737 299,578 26,400 302,737 (89,016) (5,372) 313,281 718,610 21,620 389,081 629,594 16,248 702,362 |
Total 2022 £ 617,488 19,482 76 |
|---|---|---|
| 637,046 | ||
| 12,506 316,631 |
||
| 329,137 | ||
| 307,909 410,701 |
||
| 718,610 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE CLUB CRICKET ORGANISATION LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2023
| Notes Fixed assets Intangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 14 Unrestricted funds |
2023 £ 300 637,431 637,731 9,251 |
£ 1,114 628,480 629,594 611,709 17,885 629,594 |
2022 £ - 724,210 724,210 6,911 |
£ 1,311 717,299 |
|---|---|---|---|---|
| 718,610 | ||||
| 702,362 16,248 |
||||
| 718,610 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
5/6/2024 | 5:10:21 BST
The financial statements were approved by the trustees on .........................
..............................
Mr R Book Trustee
Company registration number 08642517 (England and Wales)
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
Charity information
The Club Cricket Organisation Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Flat 1, Manor Wood Lodge, 1 Coombehurst Close, Barnet, Herts, EN4 0JU.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Cost of generating funds comprise of the cost associated with attracting voluntary income.
1.6 Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
15% reducing balance
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Income from donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 18,011 | 182,129 | 200,140 | 1,470 | 616,018 | 617,488 |
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
| 3 | Income from charitable activities | ||
|---|---|---|---|
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Direct activities | |||
| Golf Day sales | 7,410 | 19,400 | |
| Sales of books | - | 82 | |
| 7,410 | 19,482 | ||
| 4 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Interest receivable | 3,012 | 76 | |
| 5 | Expenditure on raising funds | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Fundraising and publicity | |||
| Seeking donations, grants and legacies | - | 8,701 | |
| Other fundraising costs | 9,311 | 3,805 | |
| 9,311 | 12,506 |
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
6 Expenditure on charitable activities
| Direct costs Depreciation and impairment Heart Defibrillators Donations Share of support and governance costs (see note 7) Governance Analysis by fund Unrestricted funds Restricted funds Support costs Support costs Governance costs £ £ Legal and professional - 6,000 PPS - 485 Subscription - 940 Bank charges - 125 Accountancy fees - 3,540 Secretarial expenses - 5,496 - 16,586 Analysed between Charitable activities - 16,586 |
Direct activities Direct activities 2023 2022 £ £ 197 231 272,782 302,737 702 - 273,681 302,968 16,586 13,663 290,267 316,631 17,485 13,894 272,782 302,737 290,267 316,631 2023Support costs Governance costs 2022 £ £ £ £ 6,000 - 3,787 3,787 485 - 200 200 940 - 359 359 125 - 130 130 3,540 - 1,806 1,806 5,496 - 7,353 7,353 16,586 - 13,663 13,663 16,586 - 13,663 13,663 |
|---|---|
7 Support costs
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
9 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2023 | 2022 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Intangible fixed assets
| Cost At 1 September 2022 and 31 August 2023 Amortisation and impairment At 1 September 2022 Amortisation charged for the year At 31 August 2023 Carrying amount At 31 August 2023 At 31 August 2022 12 Debtors Amounts falling due within one year: Trade debtors 13 Creditors: amounts falling due within one year Other creditors Accruals and deferred income |
Website £ 3,419 2,108 197 2,305 1,114 1,311 2023 2022 £ £ 300 - 2023 2022 £ £ 2,635 3,835 6,616 3,076 9,251 6,911 |
Website £ 3,419 2,108 197 2,305 1,114 1,311 2023 2022 £ £ 300 - 2023 2022 £ £ 2,635 3,835 6,616 3,076 9,251 6,911 |
|---|---|---|
| 2,108 197 |
||
| 2,305 | ||
| 1,114 | ||
| 1,311 | ||
| 2022 £ - |
||
| 2022 £ 3,835 3,076 |
||
| 6,911 |
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023
14 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 | Incoming | Resources | At | 31 August | |
|---|---|---|---|---|---|
| September | resources | expended | 2023 | ||
| 2022 | |||||
| £ | £ | £ | £ | ||
| 702,362 | 182,129 | (272,782) | 611,709 | ||
| Previous year: | At 1 | Incoming | Resources | At | 31 August |
| September | resources | expended | 2022 | ||
| 2021 | |||||
| £ | £ | £ | £ | ||
| 389,081 | 616,018 | (302,737) | 702,362 |
15 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 | Incoming | Resources | At 31 August | |
|---|---|---|---|---|
| September | resources | expended | 2023 | |
| 2022 | ||||
| £ | £ | £ | £ | |
| General funds | 16,248 | 28,433 | (26,796) | 17,885 |
| Previous year: | At 1 | Incoming | Resources | At 31 August |
| September | resources | expended | 2022 | |
| 2021 | ||||
| £ | £ | £ | £ | |
| General funds | 21,620 | 21,028 | (26,400) | 16,248 |
| Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2023 | 2023 | 2023 | ||
| £ | £ | £ | ||
| Fund balances at 31 August 2023 are | represented by: | |||
| Intangible fixed assets | 1,114 | - | 1,114 | |
| Current assets/(liabilities) | 16,771 | 611,709 | 628,480 | |
| 17,885 | 611,709 | 629,594 |
16 Analysis of net assets between funds
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THE CLUB CRICKET ORGANISATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
| 16 | Analysis of net assets between funds | (Continued) | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2022 | 2022 | 2022 | ||
| £ | £ | £ | ||
| Fund balances at 31 August 2022 are represented by: | ||||
| Intangible fixed assets | 1,311 | - | 1,311 | |
| Current assets/(liabilities) | 14,937 | 702,362 | 717,299 | |
| 16,248 | 702,362 | 718,610 |
17 Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
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