REGISTERED COMPANY NUMBER: 11113608 (England and Wales) REGISTERED CHARITY NUMBER: 1176487
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for
Preston Nomads Cricket Club (A Company Limited by Guarantee)
Preston Nomads Cricket Club
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
Preston Nomads Cricket Club
Report of the Trustees for the Year Ended 30 September 2022
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 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" in preparing the annual report and financial statements of the charity.
Objectives and activities
The objectives and aims of the charity are as follows;
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to provide community participation in healthy recreation by providing facilities for playing the sport of cricket ('facilities' being land, buildings and equipment).
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to promote the amateur sport of cricket by providing coaching and development opportunities within the sport for all within the community.
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to advance the physical education of children and young people through the provision of cricket coaching.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
Achievement and performance
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The 1st and 2nd XI's both made the finals of the T20 competition,. The finals were held at Sussex CCC ground the last game being under floodlights. The 2nd XI was successful and the 1st XI losing narrowly. Credit to both teams.
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Our 3rd XI gained promotion on the last day of the season in a very strong division. Congratulations to all of those who appeared during the campaign.
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Our member Danial Ibrahim played for England U19's as well as Sussex CCC 1XI.
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Our Junior section is very vibrant and has had great success during the season. Special mention to the U13's who played in the SJCF final and got through to the regional finals of the National Cup.
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We have replaced our nets pre-season which are looking very smart and have been well used during the season.
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We have started a new women's team which won their league in the first year. With 2 girls team also playing our women's section is becoming stronger and stronger.
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I would like to thank all the Trustees, volunteers, coaches and team managers for their help during the season to make Preston Nomads the great club that it is.
Financial review
Principal funding sources
The principal funding source was grants from the Spen Cama Cricket Foundation.
Reserves policy
The unrestricted income fund stood at £211,447 (2021: £214,972) in surplus at the year end. The fund is available for future use at the discretion of the trustees.
Page 1
Preston Nomads Cricket Club
Report of the Trustees for the Year Ended 30 September 2022
Structure, governance and management
The charity is incorporated under the Companies Act 2006. It is a company limited by guarantee. The charity is governed by the Memorandum and Articles incorporated on 15 December 2017.
The charity must have a minimum number of seven trustees. The trustees are appointed by ordinary resolution of the members in a general meeting or by a decision of the trustees.
Reference and administrative details Registered Company number
11113608 (England and Wales)
Registered Charity number
1176487
Registered office
85 Church Road Hove East Sussex BN3 2BB
Trustees
P Hird A Doctors S Gatting M R Glover C O'Brien Y M Salameh (resigned 26/1/2022) A D Smith D R J Symes (resigned 26/1/2022) B H Wakeford (resigned 26/1/2022) R J W Corney (appointed 26/1/2022) R J Eaton (appointed 15/12/2021)
Independent Examiner
Wilson Sandford Limited Chartered accountants 85 Church Road Hove East Sussex BN3 2BB
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 December 2022 and signed on its behalf by:
P Hird - Trustee
Page 2
Independent Examiner's Report to the Trustees of Preston Nomads Cricket Club
Independent examiner's report to the trustees of Preston Nomads 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 2022.
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
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Robin F S Wilson FCA DChA Institute of Chartered Accountants in England and Wales Wilson Sandford Limited Chartered accountants 85 Church Road Hove East Sussex BN3 2BB
20 December 2022
Page 3
Preston Nomads Cricket Club
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 30 September 2022
| 2022 Unrestricted fund Notes £ Income and endowments from Donations and legacies 87,024 Other trading activities 3 94,771 Investment income 4 28 Other income 5 1,849 Total 183,672 Expenditure on Raising funds 14,237 Charitable activities Trading activity costs 172,960 Total 187,197 NET INCOME/(EXPENDITURE) (3,525) Reconciliation of funds Total funds brought forward 214,972 Total funds carried forward 211,447 |
2021 Total funds £ 107,943 66,153 - 8,005 |
|---|---|
| 182,101 | |
| 10,911 119,318 |
|
| 130,229 | |
| 51,872 163,100 |
|
| 214,972 |
The notes form part of these financial statements
Page 4
Preston Nomads Cricket Club
Statement of Financial Position 30 September 2022
| 2022 Unrestricted fund Notes £ Fixed assets Tangible assets 9 43,340 Investments 10 40,150 83,490 Current assets Stocks 11 910 Debtors 12 42,287 Cash at bank and in hand 99,625 142,822 Creditors Amounts falling due within one year 13 (14,865) Net current assets 127,957 Total assets less current liabilities 211,447 NET ASSETS 211,447 Funds Unrestricted funds 211,447 Total funds 211,447 |
2021 Total funds £ 25,711 - 25,711 990 50,233 152,138 203,361 (14,100) 189,261 214,972 214,972 214,972 214,972 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
Preston Nomads Cricket Club
Statement of Financial Position - continued 30 September 2022
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 December 2022 and were signed on its behalf by:
P Hird - Trustee
The notes form part of these financial statements
Page 6
Preston Nomads Cricket Club
Notes to the Financial Statements for the Year Ended 30 September 2022
1. General information
Preston Nomads Cricket Club is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on page 1 of the Report of the Trustees.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting policies
Basis of preparing the financial statements
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 are prepared on a going concern basis under the historical cost convention.
Critical accounting judgements and key sources of estimation uncertainty
There are no significant judgements made in applying the accounting policies. There are no key assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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.
The following specific policies are applied to particular categories of income:
Donations and gifts are included in full in the statement of financial activities when receivable.
Grants relating to revenue are included in the statement of financial activities on a systematic basis over the periods in which the charity recognises the related costs for which the grant is intended to compensate. Where grants are received in respect of expenses or losses already incurred by the entity are recognised in the statement of financial activities in the period when the grant becomes receivable.
Grants relating to capital are included in the statement of financial activities on a systematic basis over the useful economic life of the asset. Grants relating to assets which are deferred are recognised as a liability.
Income from charitable trading activity is accounted for when earned.
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.
continued...
Page 7
Preston Nomads Cricket Club
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
2. Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance Fixtures and fittings - 25% on reducing balance
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Stocks are calculated on a first in, first out basis.
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.
Donated services
The contribution of unpaid general volunteers cannot be measured reliably. Therefore, the contribution of general volunteers is not included as income in the financial statements.
Debtors and creditors due within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
3. Other trading activities
| Indoor cricket fees Bar and catering Hire of grounds Match income Coaching Subscriptions Sponsorship Clothing receipts |
2022 £ 1,690 28,145 5,191 15,260 13,988 19,715 8,967 1,815 94,771 |
2021 £ - 21,830 3,485 7,216 8,920 17,273 7,429 - |
|---|---|---|
| 66,153 |
continued...
Page 8
Preston Nomads Cricket Club
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
4. Investment income
| Deposit account interest 5. Other income Local government grant Other interest Investment income |
2022 £ 28 2022 £ 1,334 365 150 1,849 |
2021 £ - |
|---|---|---|
| 2021 £ 8,000 5 - |
||
| 8,005 |
The Local Government grant was a Small Business Grant paid in response to the coronavirus pandemic.
6. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Independent examiner fee | 1,950 | 1,875 |
| Other services provided by independent examiner | 1,809 | 2,241 |
| Depreciation - owned assets | 9,071 | 6,373 |
| Deficit on disposal of fixed assets | 119 | - |
7. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
During the year, the charity reimbursed costs incurred on its behalf amounting to £5,476 (2021: £1,738) to the following trustees: P Hird, S Gatting, R Lee.
continued...
Page 9
Preston Nomads Cricket Club
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
8. Staff costs
| Wages and salaries The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. Tangible fixed assets Plant and machinery £ Cost At 1 October 2021 - Additions 24,547 Disposals - At 30 September 2022 24,547 Depreciation At 1 October 2021 - Charge for year 2,423 Eliminated on disposal - At 30 September 2022 2,423 Net book value At 30 September 2022 22,124 At 30 September 2021 - |
2022 £ 38,215 38,215 2022 5 Fixtures and fittings £ 54,276 2,272 (375) 56,173 28,565 6,648 (256) 34,957 21,216 25,711 |
2021 £ 14,951 14,951 2021 2 Totals £ 54,276 26,819 (375) 80,720 28,565 9,071 (256) 37,380 43,340 25,711 |
|---|---|---|
9. Tangible fixed assets
continued...
Page 10
Preston Nomads Cricket Club
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 10. Fixed asset investments Other There were no investment assets outside the UK. Investments (neither listed nor unlisted) were as follows: Premium Bonds 11. Stocks Stocks 12. Debtors: amounts falling due within one year Trade debtors VAT Prepayments and accrued income 13. Creditors: amounts falling due within one year Trade creditors VAT Accruals and deferred income |
2022 £ 40,150 2022 £ 40,150 2022 £ 910 2022 £ - - 42,287 42,287 2022 £ 4,226 1,135 9,504 14,865 |
2021 £ - |
|
|---|---|---|---|
| 2021 £ - |
|||
| 2021 £ 990 2021 £ 1,046 812 48,375 |
2021 £ 990 |
||
| 50,233 | |||
| 2021 £ 4,080 - 10,020 |
|||
| 14,100 |
continued...
Page 11
Preston Nomads Cricket Club
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
14. Related party disclosures
During the year, the charity received donation income amounting to £50 (2021: £75) from the following trustees: A Doctors.
The investment of £40,000 (2021 - £nil) is in Premium Bonds in the name of the trustee, P. Hird as they can't be held in the name of the club.
Page 12
Preston Nomads Cricket Club
Detailed Statement of Financial Activities for the Year Ended 30 September 2022
| Income and endowments Donations and legacies Donations Grants Other trading activities Indoor cricket fees Bar and catering Hire of grounds Match income Coaching Subscriptions Sponsorship Clothing receipts Investment income Deposit account interest Other income Local government grant Other interest Investment income Total incoming resources Expenditure Other trading activities Opening stock Bar costs Wages Bad debts Club dinner and other social Loss on disposal of tangible fixed assets Closing stock |
2022 £ 5,849 81,175 87,024 1,690 28,145 5,191 15,260 13,988 19,715 8,967 1,815 94,771 28 1,334 365 150 1,849 183,672 990 10,354 1,862 300 1,522 119 (910) 14,237 |
2021 £ 6,476 101,467 |
|---|---|---|
| 107,943 - 21,830 3,485 7,216 8,920 17,273 7,429 - |
||
| 66,153 - 8,000 5 - |
||
| 8,005 | ||
| 182,101 - 7,956 1,513 - 1,442 - - |
||
| 10,911 |
This page does not form part of the statutory financial statements
Page 13
Preston Nomads Cricket Club
Detailed Statement of Financial Activities for the Year Ended 30 September 2022
| Other trading activities Charitable activities Cricket coaching costs Catering Cricket expenses Clothing costs Pavilion expenses Ground maintenance Building expenditure Depreciation of tangible fixed assets Support costs Management Insurance Postage and stationery Sundries Computer and website costs Donations Finance Bank charges Interest charged Governance costs Independent examiner fee Other services provided by independent examiner Professional fees Total resources expended Net (expenditure)/income |
2022 £ 36,353 6,215 13,331 9,613 7,981 38,390 36,414 9,072 157,369 5,844 107 1,987 134 2,450 10,522 172 1 173 1,950 1,809 1,137 4,896 187,197 (3,525) |
2021 £ 13,438 2,407 13,262 5,860 7,986 42,602 12,741 6,373 |
|---|---|---|
| 104,669 7,154 34 549 1,674 - |
||
| 9,411 205 - |
||
| 205 1,875 2,241 917 |
||
| 5,033 | ||
| 130,229 | ||
| 51,872 |
This page does not form part of the statutory financial statements
Page 14