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2024-12-31-accounts

Berkhamsted Community Cricket and Sports Club

Trustees’ report and unaudited financial statements For the nine months ended 31 December 2024

Registered Charity Number 1162023

Berkhamsted Community Cricket and Sports Club

Report and financial statements For the nine months ended 31 December 2024

Contents

Page:

Trustees

Tim Buckley (Chairman) David Chrispin John Gerry Emma Potts Jamie Lewis

Registered address

Kitcheners Field, Castle Hill, Berkhamsted, Hertfordshire, HP4 1HE

Registered Charity Number

1162023

Independent examiner

Bianca Permal Dux Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB

Berkhamsted Community Cricket and Sports Club

Report of the trustees for the nine months ended 31 December 2024

The trustees present their report for the nine months ended 31 December 2024.

Objectives and activities

Berkhamsted Community Cricket and Sports Club (“the club”) is a registered charity and community club running a number of youth and adult cricket teams at all ability levels for both males and females and has in excess of 500 playing members. It also provides its venue for community events and interacts regularly with other charitable organisations to help them meet their objectives. It has a close relationship with Berkhamsted Raiders Community Football Club, a fellow registered charity which makes use of our facilities running in excess of 90 teams and with 1,200 members.

The objectives of the charity are:

Management and governance arrangements

The charity is managed by a Board of Trustees in line with the governing document issued on 25 May 2015, as amended on 3 September 2023, and has complied with its duty to have due regard to the guidance on public benefit published by the commission in exercising its powers or duties. The governing document requires a minimum of five trustees with a maximum of eight; in line with the governing document, one third of the trustees retired from office at the Annual General Meeting and were subsequently re-elected."

Achievements and performance

The club ran over 20 youth teams for girls and boys from under 7 through to under 16 as well as four senior league teams and a women’s team.

Financial review

The aim of the trustees is to ensure that the charity’s operating costs and donations made are covered by income and to continue to generate funds that can be invested in future projects and development of the facilities. Overall net income increased by £13k compared to the year ended 31 March 2024.

The period end date has been changed from March 31 to December 31 in order to simplify comparisons of year on year financial results.

Reserves policy

The Trustees maintain an annual reserve and sufficient cash balances to ensure that cash flows are covered for a rolling 12-month period. The closing reserves are £181,494 (31 March 2024: £146,533). The Trustees expect the reserves to be used for future capital expenditure and other projects in line with the charity’s objectives.

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Berkhamsted Community Cricket and Sports Club

Report of the trustees ( continued ) for the nine months ended 31 December 2024

Trustees

The trustees during the period and to the date of approval of the financial statements were:

Tim Buckley John Gerry Emma Potts Jamie Lewis David Chrispin

No trustee received any remuneration in respect of their services during the current period or prior year.

Independent Examiner

Bianca Permal FCA of Dux Advisory Limited was re-appointed as the charity’s independent examiner during the period and has expressed her willingness to continue in that capacity.

Approval

This report was approved by the trustees and signed on their behalf by

Tim Buckley Chairman

Date:

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Berkhamsted Community Cricket and Sports Club

Independent examiner’s report

Independent examiner’s report to the trustees’ of Berkhamsted Community Cricket and Sports Club (‘the Company’)

I report to the trustees on my examination of the accounts of the charity for the period ended 31 December 2024.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the 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

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

  1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. The accounts do not accord with the accounting records.

  3. The accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Bianca Permal Dux Advisory Limited Chartered Accountants Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP19 8DB

Date:

3

Berkhamsted Community Cricket and Sports Club

Statement of financial activities For the nine months ended 31 December 2024

Note
Incoming Resources
from:
Grants and donations
2
Fund raising events and
Sponsorship
Membership fees and other
Member Income
Interest income
Total
Resources Expended
Expenditure on:
Ground preparation
Equipment
League fees and match
expenses
Coaching costs
Sundry expenses
Independent Examination
fees
Total
Net income
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
Nine months
ended 31
December
2024
11,173
6,319
86,649
2,078
106,219
25,600
2,418
2,275
35,065
2,480
3,420
71,258
34,961
146,533
181,494		 Total
Year
ended
31
March
2024
11,209
7,470
90,775
649
110,103
32,643
1,438
2,005
49,746
1,358
1,080
88,270
21,833
124,700
146,533

The notes on pages 6 to 8 form part of these financial statements.

4

Berkhamsted Community Cricket and Sports Club

Balance sheet as at 31 December 2024

Note
Fixed assets
Investments
3
Current assets
Debtors: receivable in one year
4
Cash at bank and in hand
Total current assets
Current liabilities
Loan
5
Deferred Income
Accruals
Net current assets
Non- current liabilities
Loan
5
Net assets
Funds of the charity
Unrestricted funds
2
Total funds		 31
December
2024
50,001
66,270
90,578
156,848
3,200
16,334
3,420
133,894
2,400
181,495
181,495
181,495		 31
March
2024
50,001
61,414
48,541
109,955
3,200
5,423
-
101,332
4,800
146,533
146,533
146,533

The financial statements were approved by the trustees and signed on its behalf by:

Tim Buckley Chairman

Date:

5

Berkhamsted Community Cricket and Sports Club

Notes forming part of the financial statements For the period ended 31 December 2024

1 Accounting Policies

Berkhamsted Community Cricket and Sports Club is a Charitable Incorporated Organisation (CIO) in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on the contents page of these financial statements. The nature of the charity’s operations and principal activities are given in the Trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006* and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the 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 issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention. The trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments and the current resources available the trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the charitable objectives of the club. Restricted funds are subject to restrictions on their expenditure imposed by the donor or which have been raised by the charity for particular purposes.

Incoming Resources

Incoming resources represents grants, donations, sponsorship, membership fees, interest income and amounts generated from fund raising activities. The income is recognised when the charity becomes entitled to the resources and is more likely than not to receive them. Where the grants or donations are performance related, they are only recognised when such performance criteria have been met. Gift aid is recognised on donations when a valid declaration has been received from the donor.

Resources Expended

All expenditure is included in the accounts when incurred.

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Berkhamsted Community Cricket and Sports Club

Notes forming part of the financial statements For the period ended 31 December 2024

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values but are not held for investment purposes.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and accruals

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Taxation

The club is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes.

I nvestments

Investments are recognised as cost net of any provision for impairment.

Trustees Remuneration

None of the trustees received remuneration, benefits or expenses in the current or prior year.

2 Incoming Resources

Incoming Resources
Nine months ended Year ended 31
31 December 2024
March		 2024
£ £
Grants and donations (including gift aid) 11,173 11,209
____ ____
11,173 11,209
Fundraising and sponsorship:
Sponsorship 6,150 7,250
Fundraising events 169 220
____ ____
6,319 7,470
Membership fees:
Adult subscriptions 10,435 10,358
Junior subscriptions and coaching courses 64,207 75,218
Other member income 12,008 5,199
____ ____
86,650 90,775

Included within grants and donations in the nine months ended 31 December 2024 is £4,500 of incoming resources which were subject to restriction. The funds were used for the permitted purpose in the period. The closing funds of the charity are therefore fully unrestricted.

7

Berkhamsted Community Cricket and Sports Club

Notes forming part of the financial statements For the period ended 31 December 2024

3 Fixed Asset Investments

£
At 1 April 2024 50,001
____
At 31 December 2024 50,001

The investment represents an investment in 100% of the equity share capital of BCC Management Limited (BCCM), a facility management company incorporated in England and Wales (Company Number: 09633876).

4 Debtors: amounts falling due within one year

Amounts due from subsidiary undertaking 2024
£
66,270		 2024
£
61,414

This is an intercompany balance due from BCCM. This amount is unsecured and repayable on demand.

5 Loan

Loan due less than one year
Loan due greater than one year		 2024
£
3,200
2,400
____
5,600
 2024
£
3,200
4,800
____
8,000

The loan is interest free and repayable quarterly over a five year period from November 2021.

6 Related party transactions

A management charge of £10,800 was paid to BCCM, a wholly owned subsidiary of Berkhamsted Community Cricket and Sports Club. There is a £66,270, balance due from BCCM as of 31 December 2024 (31 March 2024: £61,414).

During the year the Charity received an unrestricted donation of £1,000 from a Trustee.

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