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2021-10-31-accounts

East Molesey Cricket Club Annual Report 31 October 2021

East Molesey Cricket Club Treasurer’s Report Year Ended 31 October 2021

Overview

It is clear from this Annual Report that it has been a busy year for the Club both on and off the field. This is the first financial year in my ten years as Treasurer where the Club has benefited from the financial rewards that we always knew were available from both the bar and the café in the same season. A lot of hard work over a number of years from Sam Burge and his predecessor Brendan Lynch has made this possible. As shown in this report, both revenue streams have combined to provide much needed funds that have been invested in the Club. After this and the previous three or four years’ investment in our facilities, we can confidently say that there is no better place to play cricket in Surrey. The Committee and all our members can all be very proud of where we are.

Outdoor Nets Loan Repayments

The Club’s £72,456 five-lane outdoor net facility (within £72,935 in Note 10) was mainly funded by a £50,000 interest-free loan from the ECB (Balance Sheet) in 2017 which is repayable over five years. As part of its coronavirus support measures, the ECB volunteered to suspend the quarterly payments from 24 May 2020 until the one due on 25 November 2021. As a result, the loan balance has not reduced in the year leaving £27,500 outstanding at year end. The Club will have no issue continuing those repayments when they resume on 25 November 2021.

Bar

Since becoming a registered charity, the Club has set up a trading subsidiary, East Molesey Cricket Club Bar Ltd (Company No 11398581), in order to earn all the bar profits and donate them back to the Club free of corporation tax. The bar profits are thus shown on a Donations line in the Income & Expenditure Account but nothing has changed practically speaking beyond that.

The bar profit has increased to £57,702 in 2020/21 from £54,188 in 2019/20 (Note 2). Thank you very much to Tracy Tilly for overseeing the investment required in the bar and promoting and maximising its use in a very challenging year. Tracy has also worked hard to bring our costs down and the results are clear.

Our move to a cashless bar was in place in January 2020 before coronavirus arrived. It was brought in to improve security, the speed of service in busy times and the ease of our administration. It will remain in place after the pandemic has passed as it is clear that this has helped increase profits since being introduced.

Café Income

Income received from the licencees of the café space has increased to £49,815 in 2020/21 versus £18,429 in 2019/20 and £30,522 in 2018/19 (Note 4). The 2019/20 financial year was a particularly bad year due to the extended gap in trade between our two café licencees in the year where the Club did not receive a licence

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fee. The 2018/19 financial year reflected a full year’s trading with the previous licencees so provides a like-forlike comparison to this financial year.

Legal Fees

While thankfully at £nil in 2020/21, legal fees have been a significant cost for the Club in the recent past at £8,350 in 2019/20 (Income & Expenditure). They were incurred negotiating the exit of our outgoing café licencees and their replacement with Dale and Jo at Miss Polly Café. The Committee was always confident that we would recoup these costs in an increased licence fee that better reflects the market value of the space. As discussed above, it is welcome to see that bear out.

Subscriptions

The Club’s largest source of income has always been and will continue to be from members’ subscriptions and match fees. They have increased in the year to £89,917 compared to £82,232 in 2019/20 (Note 1). Thank you very much as ever to Dawn Parry, Matthew Tigg and all the captains for collecting them in the year.

Donations

Thank you very much to all our members who donated money to the Club in the year (Income & Expenditure). The Club is always hugely grateful for these, big or small. We on the committee all hope you believe they are being put to good use. The Club’s charitable status has allowed us to claim Gift Aid on these donations which grosses up their value by 20%.

Sponsorship

Sponsorship income has nearly doubled in the year from £7,686 in 2019/20 to £13,704 in 2020/21. Thank you very much to Michael O’Leary for taking on this role managing and improving upon this difficult income stream for the Club. Thank you too to all our sponsors for their generous support in this challenging environment.

Coronavirus Support

The Club has taken advantage of all the government support made available to us by the various authorities.

Firstly, this is visible in the Grant Income figure that is up to £25,738 in 2020/21 from £20,215 in 2019/20 (Income & Expenditure). This is made up of the Elmbridge Borough Council Covid-19 Retail, Hospitality & Leisure Grants and Local Restriction Support Grants (£18,241) and the government’s Coronavirus Job Retention Scheme grants (£7,497). These grants do not need to be repaid.

Finally, the Club received a new £5,000 interest-free loan repayable over 5 years from the ECB in the year (Other Loans on Balance Sheet). The repayments of this loan start just after this financial year end on 24 November 2021.

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Capital Investment

As a result of all of the above, over the course of the year the Club has been able to invest in one-off projects that promise to benefit all our members for years to come. These include but are not limited to the following:

This is clearly a significant amount of money for this Club but it has gone much further than it otherwise would have as a result of the tireless work of Jeremy Downer, Trevor Pearce, Malcolm Lawford and Rod Porter who have all volunteered significant amounts of their time to keep the labour portion of these projects to an absolute minimum. Thank you very much to them all.

Independent Examination

As a Registered Charity (Charity Commission Number 1177586) with gross income greater than £25,000, charity law requires us to arrange an Independent Examination of our accounts. We did so last year for the Club’s year ended 31 October 2020 and the Committee will again this year once they have been signed off at the AGM. Our Independent Examiners are below:

Robert A Price LP Chartered Certified Accountant 39 Etchingham Park Road Finchley London N3 2DU

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IP4DEPENDF.I%T F.XAMIIER'S REPORT TO TIIE TRUSTEES OF EAST MOLF.SF.Y CRICKET CLLB Independent exAmin¢r's report to the trystee5 of E$t Mo1¢5ey Cricket Club ('tht Charity'l I reTK>rt lo ihe trn.%te¢s on ]n)' examinaiion of the accounts ofthe alx)ve Charity for the year ended 31 Ortober 2021. Responsibilities and basis of report As the chariiy'8 Iru5tEC& YOU are res]x)n5ible for the prepara￿)n of the acc4M]nts in accordat)ce with the requiTements olthe Charities Aa 2011 llhe Act.). I retx)rt in re5pecl of my examinalion of the CTharity's accounts as tsrried out yndcr s¢¢tion 145 of the Act and in carrying out my examinaiion I have followed all the aNJlicable Dirtttions given by the Charity Commiss10rt under section 14i{)I Ib} of the Ad_ Independent examincr'5 Statemtht Since your charity's gros4 income exceed￿ £250:¢￿ yourexaminer a memt*r of a listed IN)dy. I can ttfirtn that l am qu￿1r1ed ¢0 undertake the exa[nin￿lOn because I a registered member of The Association of Certified Chartered Ac(x)unlants which is one ofthe Ii5Eed FKyJies. I have eornpletd my examinaiion. I confimi that no malerial maEtus have come ￿ my atseniion iTh conneaion with the examination giving mt IXU5¢ ￿ ￿lIeve= accouttllllg re¢otds wcre not kepi in rtspect of the Charity as required by section 130 of the Act- or the accouttts noi accord with th¢)se rrtordk or the attounts (b) not comply ￿[th the aceounling tequirEtnents ¢onccmin8 the and content of at¢ounts sci Out In the Charitie5 Regul￿10ftS 2008 other than any requiTetn¢ni that the accounts give a trve and lair view which is rtO( a maucr considtrtd a5 partofan independent examinaiion- or the aecouThts have not been pwared in accordance with the tn¢thods and prineiples ofthe Statement of Recommended Practice for accouniing #nd ￿[&>rtIng by charilie5 lapplicable to charities prq)aTing their accounts in accordance M'ith the Financi￿ Rwrting Stsndard applicable in the UK and Republic of Irejand IFRS 10211. I have tto ¢ort¢ems and have coJne across ￿ othtt mallets in connection with th¢ examination io which atienlion should bc drawn in thi5 fcFrf)rt in ordtr to enable a prO￿r undet5tsnding of the aCC￿￿nts io be iea¢hed Sophie Jon￿ FCCA Rokrt A Price 39 F.tchingham Pth Road Lvndon N3 2DU Date.. 28, June 2022

East Molesey Cricket Club Income & Expenditure Account Year ended 31 October 2021

Note 2021 (£) 2020 (£)
Income
Members' subscriptions and fees 1 89,917 82,232
Donations
General 3,525 16,924
Restricted - -
EMCC Bar Ltd 2 57,702 54,188
Sponsorship 13,704 7,686
Grants 25,738 20,214
Socials 3 -9,144 -765
Rental income 4 63,030 30,426
Other 2,475 853
246,947 211,758
Expenditure
Rates 69 180
Light and heat 17,181 9,149
Water 4,565 1,426
Rubbish disposal 5,644 1,246
Sewage disposal 3,045 -
Cleaning 3,485 3,236
Repairs & maintenance 11,064 15,274
Insurance 8,062 9,000
Legal fees - 8,350
Ground maintenance 5 55,277 41,490
Overseas player 6 15,482 315
Playing costs 7 42,575 17,677
Coaching 8 32,848 28,099
Accountancy fees 500 500
Other 9 36,925 37,088
236,722 173,030
Excess of income over expenditure 10,225 38,728

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East Molesey Cricket Club
Balance Sheet
as at 31 October 2021
Note 31 October 2021 (£) 31 October 2020 (£)
Non-current assets
Fixed assets 10 130,315 105,090
Current assets
Other stock 979 979
Prepayments 1,669 4,817
Trade debtors 7,425 11,128
Cash at bank 10,287 32,142
Loan to EMCC Bar Ltd 24,003 16,701
44,363 65,767
Total assets 174,678 170,857
Non-current liabilities
ECB Outdoor Nets Loan 27,500 27,500
Other Loans 5,000 5,000
Sewage connection grant 1,824 2,736
34,244 35,236
Current liabilities
Trade payables 5,386 -
Deferred income 4,505 4,505
Café deposit 10,000 10,000
Other creditors -3,570 7,307
16,321 21,812
Total liabilities 50,645 57,048
Net assets 124,032 113,809
Reserves
General 124,032 113,809
Restricted - -
Total reserves 124,032 113,809

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East Molesey Cricket Club Notes to the Accounts Year Ending 31 October 2021

Note 1 - Members' subscriptions and fees

Note 1 - Members' subscriptions and fees
2021 (£) 2020 (£)
Seniors
Subscriptions 7,256 6,175
Match fees 5,437 1,146
Winter nets - 3,390
12,693 10,711
Juniors
Boys Subscriptions 59,174 44,100
Girls Subscriptions 16,815 13,755
Winter nets - 12,841
75,989 70,696
Social
Subscriptions 1,235 825
89,917 82,232
2021 2020
Number of senior members 49 42
Number of juniors members (Boys) 408 381
Number of juniors members (Girls) 124 117
Number of social members 17 15
Number of life members 16 16
614 571
Note 2 – Donations from East Molesey Cricket Club Bar Ltd
2021 (£) 2020 (£)
Bar Profit
Bar takings 216,566 161,464
Stock purchased -77,386 -66,078
Commission - -3,112
Salaries -59,429 -30,237
Other -22,049 -7,849
57,702 54,188

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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2021

Note 3 – Socials

2021 (£) 2020 (£)
Income 15,571 4,321
Expenditure -24,715 -5,086
-9,144 -765
Note 4 - Rental income
2021 (£) 2020 (£)
Café 49,815 18,429
Container - 3,000
Telephone mast 5,149 5,999
Other 8,066 2,998
63,030 30,426
Note 5 - Grounds maintenance
2021 (£) 2020 (£)
Groundsman 25,975 17,600
Machinery Servicing 3,670 2,286
Machinery Hire 1,540 2,250
Container Rental 1,836 1,622
Ground Supplies 15,941 14,086
Other 6,315 3,646
55,277 41,490

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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2021

Note 6 - Overseas player

2021 (£) 2020 (£)
Flights 1,030 -
Salary 6,900 -
Accommodation 5,000 -
Other 2,552 315
15,482 315
Note 7 - Playing costs
2021 (£) 2020 (£)
Seniors
Teas 4,098 -
Scorers 5,975 419
Umpires 560 1,010
Competition subscriptions 2,823 1,503
Winter nets - 3,200
Pitch hire 1,990 783
Equipment 4,104 -
19,550 6,915
Juniors
Competition subscriptions 1,855 541
Winter nets - 8,064
Pitch hire 1,438 1,288
Equipment 19,732 869
23,025 10,762
42,575 17,677

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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2021

Note 8 – Coaching

2021 (£) 2020 (£)
Seniors' coaching 3,645 1,088
Juniors’ coaching 29,303 26,201
Coaching courses -100 810
32,848 28,099
Note 9 - Other expenditure
2021 (£) 2020 (£)
Sky TV - 549
Security 1,447 2,450
Depreciation 21,956 26,602
Bank charges 2,442 2,324
Software 1,249 1,188
Miscellaneous expenditure 9,831 3,975
36,925 37,088

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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2021

Note 10 - Fixed assets

Ground Fixtures & Outdoor Other Total (£)
machinery fittings nets
Cost
1 November 2020 45,971 36,735 72,935 102,464 258,105
Additions - 2,732 323 46,087 49,142
Disposals - - - - 4,891 - 4,891
31 October 2021 45,971 39,467 73,259 143,660 302,356
Accumulated depreciation
1 November 2020 45,971 32,401 21,737 52,906 153,015
Charge in the year - 1,413 7,326 15,178 23,917
Disposals - - - - 4,891 - 4,891
31 October 2021 45,971 33,814 29,063 63,193 172,041
Net book value
1 November 2020 - 4,334 51,198 49,558 105,090
31 October 2021 - 5,653 44,196 80,467 130,315

Depreciation Policy

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