CoTnpany rrgi5tiatiott numkr.. 09796240 Chan"ty regisirnion number: 1168595 Falkland Cricket Club Limited IA ¢omtAny limited by 8uarantre) Annual RetKJrt and Financial Stsiem¢n for the Yezr Ended 31 October 2023 E J Business Consultants LirnÈted No 2 Toomer5 Wharf Canal Walk Newbury RG14 IDY
Falkland Crlcket Club Limlled Content8 Reference and Adlninistraiive DetAils Trustees, Report 2103 Ststement of Trustecs, Responsibiliii¢s Independent F.xaminerf8 Report Statcrnent of Finan¢ial Activitiet Balance Sheet Notes to the Financial Staicments 810 13
FAlkland Cricket Club Limited Reference and Administratlve Details TruJt¢¢$ Mr J O Bolgn {resi8ned l April 2023) Mr M CJ Brown Mr J A W Carlisle Irtsigned l April 20231 Mr N J Trnmper MrN D Rider MrGPBeal Mr M J J8ckson Iresigned 4 November 2022) Mr R D Marson Mrs L M H¢w¢150D Mr M R L F05tcr Mr D A C Harrison1oppoint¢d l April 2023) Setretary Mr R D M&rson Prlnelp81 Orn¢e Ffjlkl8nd C ricket Club Enbomc Street Newbury Berks'hire RG146TW The charity 15 incorporHled in En8lAnd and Wales. 09796240 CompAny Roglitr4tloD Nllmber ChArlty Regls¢rntloD Number 1168595 Independent Exlmlntr E J Buslrtes5 ("on%uliunts Limiied No 2 Toomers Wharf Canal Walk Newbury RG14 IDY Page I
FglklAnd Cricket Club Llmited Trusttts, Report The trustees. who are dirIorS for the PU of company law. present the annual re¥xJrt tO8ether with the rinancial statements of the clMritsble company for the year ¢tthd 3 1 (ktober 2023. ObJectlv¢$ •nd •¢tlvlt Objects aims The objects for which th¢ Cb is establish¢d are.. - To pronx)ie community participation in healthy recreation by provithnB f¥cLlities for playin8 cricket.. To provide and &ssist in providing fa¢ilill¢s for sport. recreation or other leisure lime QCCUPO1ivn of such peoplc WIK) hve need for such faciliti¢s by reason of rheir youth. age. infirmiry or disabl¢ment. p)v¢rty or social aTKI e¢oDomic circum$tsnces or for the b]I¢ ai18rge in the interests of wcial welfare and the objcct of improving their condition5 of life.. To advance the edu¢aiion of chil¢Jren and young people thrgh such means as the dittctors think fit in a¢¢ordan¢e with the law of the chan'ty. Public bemefii Traditional aduli male cri¢kei ¢oniinues io be the principal aciivity of the Club numerically bui the junior sides remain very well SUPlM)rt¢d and there is i su¢¢essful girl$ and women'$ yection which is BTOWin8 rnpidly. During the year courses Mere run for disabled crickeier5 and Ihe Club entered into itisawion$ the local Sllt troop with the aim of providi#8 new scoui fxilili&q on ihe Club's land. The tS¢S coftfimi that they have wrnplied th¢ requirements of seetion 4 of the Chariiies Aci 201 I to have due resard w the public benefii BuidwKt published by the Chlty C¢)mmi&sion for En8land and Wales. Achkvtmenti Irtd prformD¢¢ The Income arwj EApendihJre Accounr excluding the Pavilion shows an excess of£30.38 l. P8vilion r¢l8t¢d Cost has been Capilized and n¥)ved ty fixed &%sets. Total capitsl exndituTe £19.010 Key Statisties la) An Ex¢ess of Income over Expcnditurc of£30.381 Ibi Th¢ FCC Trading Lid don81ion wo9 £18.967 Icl Sub8cripiioDsIDonati(>ns in¢re45cd by £135 10 £27,477 Id) Malch Feeryea profil increased by £2,J I I £6.933 1¢) Ground Fxpenses iTKreas¢d by £4.8(rf) to L22.119 If) Playin8 extnJcs in¢reas¢d by £293 10 £23,lOX l&) Spon$orship pn)fit decreased by £7.492 to £20.428 Ihl Thc Bonfirc Nighi Profil £12,038 lil Coalhing Costs lincludhng hire of nets atKI ¢xiernal courses) decre&vd by £4.169 10 £6.427 lil Club Clothing Costs de¢reJs¢d by £6,072 to £4.046 Structur¢• goY¢rnn¢e •lld D¥¢nt Falkl8nd Cricket Club Ltmited 15 8 eompany limiieil by guwtee without shar¢ ¢apitsl governed by its MemoT8ndum and Articles of ASlation. 8$ amended by SPla1 r¢501uiion5 re815ter&l at CtsTnpanies House dated 12 Novernber 2015 and 3 May 2017. It in¢orporad on 26 Septernber 2015. li Tegistered 85 a charity with the Charity Conrrission on 3 AuSU 2016. Pa8e 2
F&lklaDd Cricket Club Limited Trnstees, Report The annual rep1 wa$ approved by the trustees of the charity on.. ... ... . ..... . and si OD its behalf by: MrMG Tnle¢ Pa8e 3
FAlklgnd Cricket Club Limited Statement of Trustees. Responsibilities The trustecs (whts are also ihe direcioTS of Falkland Cricket Club Limid for ih¢ pwposes of company lawl are responsible for preparing the ISteeS, report and the rjnancial statemcnts in accordance with the United Kingdom Accountsng Stsndar(ts (bnited Kingdom Generdlly Accepied AcrouDtin8 Pracii¢¢l and applicable law and gUlatiOnS. Company law requires the trustees to prepare financial %tsments for each financial year. Under company law the $1¢e$ must not approve the financial ststem¢nts unless they are satisfied thai they give a truc and fair view of the sialt of affairs of the charitsble company aT of its incoming resources and app]1110n of resources, in¢ludiDg its income atrj expfft)th"bJre. for wiod. In preparing these fmancial sthienll the lTrstees are required to.. select suitable #ccountin8 lIci£S aryl apply them consistently: observe the methods and principles ID th¢ Clwiiies SORP; ake judgements and estimates that are tewnable ar¥J wudenL stale whether applicable UK Accoun(in8 Stsndards have been followttL subj( to any material tyrtures disiloseil and ¢xplaintd ID the fthan¢ia] statetDents' atMI prepare the financial swements on the goin8 concern b¥is unless it is inappropria* to presume that the charitable company will coniinue ID business. The tru5ttts ar¢ resw>nsible for keeping adequwe accouniing records thai aTt sufficient to Show and explain th¢ ¢h8ritable company's u3nsa¢tiorts and dI10se with re&sonable aceuracy at any tjme the financial position of the charitable company and ¢nable them to eosure that the fJTwncial statemen¢s comply with the Companies Act 2(X)6. They are also resFonstble for safe8uarding the ass¢i$ of the ¢harithble company aThJ henc¢ for taking reasoTLable Steps for the prevention and ddection of arbd oiher irregularities. Approved by the trteeS of the ¢lwi¢y on.. . azwj si8Ded on its behalf by.. Mrm TTU5tee Bro Page 4
Falkl4nd Cricket Club Limited Independent Examlner's Report to tbe trustees of Falkland Crlckel Club Llmlted I report ¢)n th¢ a¢¢ounts of the charity for ihe year ended 31 (kiober 2023 which are set out ott pe1 6 to 13 . Re5pectlve r¢sponslbllltks t)f trnsttts ind ¢i•mlm¢r The trusitts i0 ore also the directon of the Company for the pury)oses of company 18w) are responsiblc for the preparniion of the accounts. The tru51¢e5 consider thai at) aud]"115 Ilot required for this y¢•r under s¢¢tion 144121 of the Chariiie5 A¢1 2011 Iihe 2011 Act) aTMI that an independeni cxarninalion is needed. Havin8 satisfied myself ihai the ¢han"ty is JM)I subj¢¢i io audit under company law and is eli8ible for indryende#i examinaiiot). Il is my resrrf)nsibility to.. examine the a¢cowitS UTKler 5trtion 145 ofthe 2011 ACL 10 lollow Ihe procedures laid down in the Bents Directions ¥iveD by Ch8n"ty Commission under seciion 14515Nbl of the 2011 Aci: to state whether particular matters ve come w my •tt¢niio Bils of IndtptndeDt ex•mlner'i report My cKarnination was ¢arri¢d oul in accordancc with ihe general Direclions 8iven by the Chanty Commission. An cxaminaiion include5 8 r¢view of the accounting rryords kept by lh¢ Charity aTh4 9 comparison of lh¢ 8ccountS PTesenl¢d 'iih th¢)sc Ords. It also include5 Lon5idernTion of any unusual itenLS or disc1%re$ in the aLLOilllls. and seeking explana11 from you as msi¢es con¢erninB any such m8tt¢rs. The procedures undertaken do noi provide all the evidence thai would be r¢quir¢d in an gudii aTwJ eonsequtntly rto opinion i given as to whether the accounts prtseni * 'true and fair view. the repjn 15 lirnited ihose mou¢rs set out in the stsiement below. Independeni eiamlner'i 51*tement In conneciion with my cxaminaiion, no matter has come io rny att¢niii)n-. 11) which gives me rewJnabl¢ to Ixli¢ve thai in any mwt¢ri81 respect requircmentj.. ' lo keep CountI ¢0T in with section 386 of th¢ CompBtiies Act 2CIJ6: and lo prepare &c¢ount5 which a¢coTd wilh the accounling rordS. comply with the aecountin8 rcquircments of section 396 of th¢ Companies Art 21Xt6 and with the meth(xts and pr1rK1pl of the sl¢m¢nI of Recommended Pwti¢¢.' A¢counlin¥ and R¢tK)nin¥ by Clwiii¢s h&Ye not been m¢t.' or 121 to which. in my opinirjn. atteniion shouid be drawTL in wder io enable a prow undcr5tandinB of the Ounts to be rea¢hd. E J Business Consultants Limited ICAEW No 2 Toomers IVh•rf Canal WDlk Newbury RG14 IDY Date.. Page S
Falkind Cricket Club Limited Statement of Financial A¢tivitie5 for Ihe Year Ended 31 October 2023 (Including Income and Expenditure Account and Statement ol Total Recognised Gains And Losses) Umre51rl¢ted funds Restrfc¢ed fund5 Total 2023 Note Ineome and Ettdowmetttj from: Dvnaliurt5 and Grants Other trading activiiies Other incojnt 42.964 79.081 88.947 42.964 79.081 88.947 Total Income 210.992 210,992 Expendlture on: Raisit)g funds {174.8441 1174.8441 Total Lxpcnditur¢ 1174.844 1174.844 Net incomc 36,148 36,148 Nel nl'¢Ment in fund5 36.148 36.148 Rttoclllitlon of fundj Toial funds broughi fonvard 22.959 1.256.867 1.279.826 Total funds c*ried forward 59.107 1,256,867 1315,974 A]1 of lh¢ charity's tivItieS derive from continuin8 (peraiiDti5 during the •lK)ve peri(xls. The funds breakdowrt for 2022 13 slMTrwD in note I l. PaBe 6
Falkland Crlcket Club Llmited IRegistr2tlon number: 09796240) Balxn¢e Sheet As At 31 October 2023 2023 2022 Note Flitd ast$ Tan¥ibl¢ assets .729.342 1.703.093 Current Mets D¢btors Cash ai bank hThl in hand 18.057 24.555 18,332 Jl,534 42,612 49.866 Credlton: Amou•ts fllffin8 dut wltbln year 125.6971 10.444 Net eurreTrt ait$ 16.915 39.422 TotAI Mets leu eurreDt IIAbllld 1,746,257 ,742.515 Crtdlton: Amo¥ts f•Ulng due #fttr more th•• yer 10 1430.283 1462.6891 1,315.974 1.279.826 of ibe ¢h•rlty: Restrlcted fuAdi 1256.867 ,256,867 VortrIcI¢d In¢om¢ fund UnTeglricd thnds 59.107 22,959 Tot1 1.315.974 1.279,826 For th¢ fiDaNsal yeu ¢ndiD8 31 Octob¢r 2023 the chthrity ws eniitled to exempts£ audil under section 477 of the Compthrtiel Aci 2 Telaiin8 to mll eompjnies. Dir¢¢tors' responsibilitiu.. The members have not r¢quir¢d the cb•n'iy lo obtain an oudit of its ¥Unts fix the ye4r in question in accord¢ with section 476; and Thc directors ackMwledg¢ their re5p)n5ibililies fvr complying with the requirents of the Act with r¢spxt lo a¢LUn[lll8 records aryj th¢ prcparaiion of x¢ounts. These o¢¢ounts have been prtpared in •ttordanc¢ with th¢ provisions Bpplicable to corni>ani¢s 5ubjecl to th¢ snull Companies r¢8im¢. ThÉ financial sthI¢mts on pAges 6 to 13 were approved by the trustee& authorised for issue on 6HlSfva.Z&lp)d signed on thchr behalf by.. Mr N D Rider Trustee
FlklDd Crlcket Club Llmiled Notes ¢0 the Financlal SlatemeD¢$ for the Yer Ended 31 October 2023 I Chrlty i¢•¢ The charity is a charity limited by 8wir8n¢ aNI wnsequenily does have share capital. Each of the In1¢¢5 L8 liabl¢ to Contribute 4n amount noi exceeding £1 tOWaTds t1 of the charity in the event of liquidation. 2 AreouDthig pollckn The principal accowiiing w)li¢ie5 applied in th¢ Preparation of these finathcial s¥wnentB Ere set out below. These policies hve been wnsistenfly applied ¢0 #ll the y¢aTr presented. unless otherwise $ted. Statemtnt oftoDylltt¢t The financial statements ve been prepw¢d itt ac¢ordanc¢ with Ae¢owilin8 and Reportirtg by chtIes.. Stst¢meni of Recommended PrnLMice applicable 10 chariiies prepArin8 their accounts In &ccordanc¢ with the Finan¢iAI Reportin8 Standard ipplicable in the UK 8rMI Republic of Iland IFRS 1021 {¢tTwiiv¢ l January 20151- (Charities SORP IFRS 10211. the Finart¢i81 RenItt8 Standard applicable in the UK and Republic or Ireland IFRS 1021 and th¢ Companie¥ Ad 2. B•ils of prfpAr•tlon Falklond Crickei Club LiMid meets the definiuon of a public benefi1 eniity under FRS 102. A&s¢1S and liabilities wr¢ initially Terognised ai hIsrIcAl c051 or Iransaclion valu¢ unless otherwise stalcd in the relevant accountin8 policy noteg. The Irustec5 consid¢r thai th¢re ar¢ rnaterigj tri81n11¢S alxwt the Charitys ability to continue as a goin8 Concern nor any significant treas of unLrMainty thii atTect Carryin8 valu¢ of held by th¢ ¢lJarily. EIernptlon from preprlng • ¢•h italemt#i The ihariiy opted to early adopi Bulleiin I published on 2 February 2016 aDd b8ve ther¢fore included a 3h fl(Trw $tatemeDI in these finattcial stsmen IncoD And e•dowmenti All income is rerogni5ed once the charity has cntiilement lo th¢ inLYJme. it is probable th•t the income will be r¢c¢ived and the 8mount of the income rcIV8b1e ¢an b¢ me&SUTed ff liably. Gronts reeeivabl¢ Grnnts are ¢0lSed the charity an enuil¢ment to the and any condilionj linked to the grants have been rneL Where perfOrMae condilions are 8its¢hed io 8rant and arc y¢t 10 bc m¢1. the income 15 ¢ognised as • li111ry and includcd on the bfilan¢¢ SIe1 def¢ed irKome to be re1ce. Do4T•itsdsepviert •*dfacililieJ Where service5 or facilities are provided the charity as a donation thal would nornjally be purchased from our SUFvlrers, this benefit is included in the finwKi•l statements at it's fair i'alue wiless i¢s faÉr voluc cannot be realiably measured. then at the o)si to thc donor or the $èIe value of goL¥ts that are to be 501d. Page 8
Falk174nd Crlckd Club Llmiled Notes to the Financial Statements for the Year Ended 31 October 2023 Expt•)dltu All ¢xp¢nth'iurc is relSed on¢¢ thcr¢ is a or corLStructive obli8atton to thal exp2nditur¢, li is probable bcitlemeni is required aNI the amthwi can bc reliably. All costs a allo¢aied 10 the appliLable expenditure hvdding that aggregaie sltnliar costs io ¢t8. Where Lsts ¢2nnoi be directly atlribuicd 10 particulgr he8ding8 they have be¢n allOI¢d on i basis CODsistrnr with th¢ use of resour$. with cehtral staff 05ts allocated on the knis of lime Spent. and depreiiaiion Lharges alldIed on the poniort of the a&sei's use. OtheT suptt ¢OSLS are o11(xaied bLsed on the $pmd of slaff c05 R4vsingfullds Th¢s¢ are ¢osls incurred in altrarting voluDlary irOrne. th¢ rnanag¢m¢nt of investments those inLurred in Iradins activities thAt raise funds. Tax&tlon Thc charity is ct)rtsideTed to pass the tests sct Out in Parnph I Schcthile 6 of Ihe Finance Aci 2010 and therefore it meets the definition of a charitsble company for UK corp)rntion tsx punN)se$. Accordingly. the charity is pjtenlially exempt from 110 in respeci of income or capital gairt5 re£eived within ¢ategorit8 Covered by Ch8pier 3 Part 1 l of ihe CoTpor81ion Tax Aci 2010 or Section 256 of the T8X8tion of Chargeable Gains A¢1 1992. to the txni that such income or lIL9 are applied exclusively to charitable puryjoses. Trtglble Ilxed li11 Individual fixed COSiin8 £500.W or rTThe are initially rfford¢d wt Depre¢l•tloD ind •mortl$•tlon Depre¢i#iion is pYovid¢d on iangible fixa Als so &5 Io MTiie off the cosi or valuation, les4 any estimated residual value. over iheir expecied weful economi¢ life as follows.. Deprteltlom thetlbod #Thd r•te 25°/0 slrai8ht linc on cost 25°/a Strai¥hi line on cost 25¢/y Suaight line on Cost Plant arhd machinery Fixture5 and fillings Computer equipment Trade debto Trade debtor5 are amowits due from cu#omer5 f(r m¢h"s¢ sold or service$ prfornkd in the ordinary ¢ourye of business. Trad¢ debtors u¢ recognised initially at the transaction price. They tre suFAequently meaRThl al amoni5ed cost usiri8 Ihe effective InSt medM)d. less provision for ImwmenL A PT¥)vision for the impaimient of Irade debit)rs is esubli$h¢d whrn there is objective evbdehce that the chjrity wiu Mt bc ablc to collrxi all amounts du¢ according to the 0ri8inal iern)s of ¢h¢ receivable5. C•sh *Dd Cxsh ¢qulv&kJbts Cash and cash equivalents comprise e8sh on hand and call derthii& and other short-temi hi8hl)' liquid invest[Tts that are readily convenible a krtOm omouni of ¢¥sh and are subject to an insignifi¢ani risk of ¢han8e in v81ue. Pa8e 9
Falkland Cricket Club Limited Notes to the Financial Siatemenls for the Year Ended 31 O¢tober 2023 Tride eredltorj Trade Li¢dilor5 are obli8auons io pay for 8(x)ds or Servic have acquited in the ordinary Cou¢ or busbll¢S5 from supplitrs. AL¢owxis payable are ¢11r1ed as eurrent liabilili¢s if the ch8n.iy does noi have an unconditional right, al the end of thc rrporting p¢rio4L io defer sdtlemcnl ol th¢ creditor for at lesi Iwelve mortths after thc reporting dat¢. If the is an unconditionDI right to d¢f¢r settlement for ai leasi twclv¢ months aft¢T th¢ r¢tM)rring date, they are prcsentcd as TulTeD1 lia.1111¢5. Trade Credito are reClSed initially ai trS8¢110n PTbce aThJ subsequenily measured Jt amortised c051 sing the effective interEsi meth(MJ. Fund gtruefure lJnresin¢ied JTKome futKls are gener81 fiy¥l% thai •r¢ awailable f use ai the Inte¢s'S di5rtLon Ln fithranc¢ of the objectives of the Charity. R¢&triLted income fiuth ate those donaied for use ID a p&nicular vr for specific puwes, the use of which ib resiricted to that area or puw. 3 lThcom¢ from dopadoThs Ind lry•¢ Unresirlcifd Toil 202.1 Total 2022 Ge•erl Grants. includin8 capital grants.. Don81i(ms and Granis snsOrShiP I)onaiion from Falkland Cricket Club Trndin8 Limiied 3.569 20.428 18,967 3.569 20.428 18.967 7,182 27.920 19.002 42.9fA 42.964 54.104 4 from olber trdl8 ¢tlvltles UrtrtStrl¢t¢d funds To¢*l 2013 Total 2022 Gemer•l Trading income" Match fees and receipts Evenis income: Club events 6.934 6.934 4,622 14,670 14.670 15,647 Other Income Membership subscriptton$ Prop¢rty r¢ntal inlon 27.477 30.(K 27.477 30.1NX) 27,342 30,( 79.081 79,081 77.611 Page 10
Falkland Cricket Club Limited Notes to the Flnanclal Statements for the Year Ended 31 October 2023 5 Other Unrutrkttd fndS Total 2023 Total 1022 Gener1 Pgvilion prr)je¢l her income 77,233 88,947 88.947 88.947 77.233 6 TaxtloD The Charity is J registered charity is ihtrefore exempt from tiOn. 7 T•nElble flxed Amets Maln Ground Jrd Xl Ground L•nd •nd bulldlo and m•chlRery Cos¢ Ai l Nov¢mber 2022 Addiiions I JOl.263 21.943 73,554 19.010 180.5 1.755.319 40.953 Ai 31 (ktober 2023 1.523.208 92.564 180.500 1.796.272 DtpreclAtIDn Ai l November 2022 Charge for the year 52,226 14.704 14.7(54 Ai 31 Vdober 2023 66.930 66.930 Net book v*lue Ai 31 October 2023 1.523.208 25,634 180,5( 1.729,342 At 31 O¢tober 2022 1.501.205 21.328 180,5(M) 1.703,(Y93 8 Debtors 2O2J 21)22 Trade debr$ Prepayments 210 17.847 17.732 18.057 18.332 Pagell
Falkl4nd Cri¢k¢t Club Limilcd Noles to the Flnancial Statements for the Year Ended 31 Oclober 2023 9 Credltorl: Amounts flllDg wllhlA ooe )'e•r 2(J23 21122 Trade creditors VAT repyable OutstaTMling (iTarrt balances A¢¢nlS thd her creditors 3.962 1,987 7,690 12,05¥ 1,309 l.(K>S 8.130 25.697 10.444 io CT¢dlton: fAUltt8 due •fter o•t ytr 2023 2022 Bank loans Oth¢T loans A¢cruw15 95.613 278,667 56,iX13 113.207 298,667 50.815 4.10,28.1 462,689 Included in hLy loans 1$ loan made by Bttkshire Crickei Community Foundaiion (BCCF) to Falklond Crieket Club Ltd IFCCI for £l10.(K)O for purchw of18nd. This loan 1$ going io be repaid by the of set•off of the rent phyments uThJLY I l year5 leH5e on office space th81 FCC lled io BCCF Al the balance shed d4le oulswiding an1 wos £81.66712021 £1.(7) Pa8e 12
Falkland Cricket Club Llmited Notes to the FlnAncl81 Statements for the Ye4r Ended 31 October 2023 11 Fullds Blgnce 8t J November 2022 In¢omlng re$our¢e5 Resourc¢5 expended Balance At JI O¢tob¢r 2023 Uurestritted General 122,9591 1210,992) 174,844 159,1071 Reytrl¢i¢d funds 11,256.867) 1256.8671 Tot41 fund$ 11,279,826 210,992 ,315,974 Blan¢e at ovember Incomlng re$ourees Reyources expellded B*lADce at 31 October 2022 2021 Unrestrl¢l¢d lunds G¢neral 15,6541 14,410 122.959} Restrieted funds 1,198,022 177,233 18.388 1,256,867 Tot81 funds 1.203,6761 1208.Y48 132.798 1,279.826) 12 Anxlysl$ of net 818ets between tsAdJ Ilnrestrl¢ted fynds General Tolal fundi Tangible fixed assets Current assets Curreni liabilities Creditors over l year 1.729.342 42,612 125.6971 1430.2831 1,729.342 42.612 125,6971 430,2831 Total net &ssets 1,315,974 I,J15,974 Page 13