East Molesey Cricket Club
Annual Report
31 October 2023
East Molesey Cricket Club Treasurer’s Report Year Ended 31 October 2023
Overview
As in 2021/22, the Club has continued to benefit financially from both the bar and the café.
The proceeds from this income have been spent on our grounds both at Graburn Way and at the WECA. This investment is shown in costs associated with the Groundsman’s Shed & Yard (£17,956 in 2022/23 on top of £62,309 in 2021/22 totalling £80,265) and Ground Machinery (£37,791 in 2022/23 on top of £16,778 in 2021/22 totalling £54,569). This should all be seen in conjunction with last year’s £32,194 investment in the Club’s acquisition, improvements to and maintenance of the WECA.
This investment is now broadly complete and will increase the quality of the facilities at both of the Club’s grounds in the long term as it has allowed us to move away from a contractor groundsman model to a fulltime dedicated Head Groundsman. This will provide us with more time invested on our grounds every year going forward. This all represents a major step forward for us as a Club. The substantial upfront costs required to make this possible would have been totally unachievable three years ago.
Finally, as a standalone project, the Club has also invested £46,515 in our Driveway (Note 10). This was funded entirely by Member Loans totalling £50,000 (Balance Sheet) from four members. I hope everyone will agree that this was a welcome improvement to Graburn Way allowing us to cater for the increased traffic from both members and non-members that we have experienced in recent years.
Income
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 decreased from £105,448 in 2021/22 to £72,139 in 2022/23 (Note 2). This was expected after a one-off year in 2021/22 as we opened up after the pandemic and remains a very healthy return for a “normal” year of trading. Tracy has continued to put particular emphasis on our pavilion hire fees to nonmembers and increasing our bar prices for non-members to more appropriately compare to other local venues available to them. Thank you very much to Tracy for all of her efforts this year.
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Rental Income
Licence fee income received from Miss Polly Café for the use of the café space has remained flat at £50,000 in the year (Note 4). The licence fee due is based on the café’s turnover in the year. This reflects the maximum possible licence fee available to the Club under the current agreement.
The large decrease in total rental income in the year was expected and was a result of the £22,000 one-off opportunity presented by The Boys in the Boat filming close by at Molesey Boat Club in 2021/22 that was not repeatable in 2022/23.
Members’ Subscriptions and Fees
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 £133,883 vs £121,319 in 2021/22 (Note 1). Thank you very much to Annika, Jamie, Matt and all the captains for collecting them in the year.
Donations
Thank you very much as always 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 remained strong in the year at £17,049 compared to £19,433 in 2021/22. Furthermore, this £17,049 does not include an additional £6,005 received from Charles Stanley in the year to sponsor new, longer wheelie covers at Graburn Way. This income is going to be recognised in 2023/24 when the covers are ordered and used. Thank you very much to all our sponsors for their generous support in this challenging economic environment. Thank you too to Mike for his work improving upon this difficult income stream for the Club.
Expenditure and Investment
Ground Machinery
The Club’s main investment in the year was our £37,791 (Note 10) spend on updating our ground machinery after nine years of relying upon contractors’ own equipment. This is on top of the £16,778 spend in 2021/22. Thank you to Rich who guided us through this process. His expertise allowed us to find consistent value in the second hand market throughout the project last winter.
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Groundsman’s Shed & Yard
The Committee was also pleased to complete the build of our new Groundsman’s Shed and Yard to give Rich somewhere to work out of. This project had previously cost the Club £62,309 in fees for the planning application and build cost (Cost in Note 10). The final build costs of £17,956 are in this financial year (Additions in Note 10).
Light and Heat
Up until the end of these accounts, the Club has been largely unaffected by the recent increase in utility costs as our contracted rate was fixed until August 2023. We have begun to see the effect of our increased rate at the end of this financial year with our Light and Heat cost rising from £3,964 in 2021/22 to £10,599 this year (Income & Expenditure Account). Going forward, we are conscious that these costs will become more significant as we go into our first full financial year at the current rates.
Loan Repayments
ECB Loan for Outdoor Nets of £50,000
In 2017, the Club’s £72,456 five-lane outdoor net facility (Other in Note 10) was mainly funded by a £50,000 interest-free loan from the ECB (Balance Sheet) 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 did not reduce in financial year 2020/21. Repayments resumed on that loan in 2021/22 and continued in 2022/23 leaving £7,500 outstanding at year end. The Club has 3 quarterly payments of £2,500 remaining before it is fully repaid with the last one due on 25 May 2024. The Club will have no issues meeting this repayment schedule. Thank you to those who gave personal guarantees against this loan at the outset.
ECB Covid-19 Loan of £5,000
The Club received a £5,000 interest-free loan repayable over 5 years from the ECB on 22 May 2020 (Other Loans on Balance Sheet) as support through the coronavirus pandemic. The quarterly repayments of £416.67 each against this loan started on 24 November 2021 and will end on 24 August 2026. No personal guarantees were required from members to receive this financing.
Members Loans of £50,000
The Club received £50,000 of Members Loans (Balance Sheet) from four members in this financial year to fund the building of our new Driveway (Note 10) at Graburn Way. Thank you to those members for the trust shown in the Club allowing us to get this project done before the Club could afford it organically. The Committee’s first priority in 2023/24 before anything else will be repaid as soon as cashflow allows. This will likely be after the collection of our Subscriptions in the Spring.
Independent Examination
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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 2021 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
Kieran Burge Treasurer
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF EAST MOLESEY CRICKET CLUB
Independent examiner's report to the trustees of East Molesey Cricket Club ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31[st] October 2023.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of The Association of Certified Chartered Accountants which is one of the listed bodies.
I have completed my examination. I confirm that no material 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 on 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
Sophie Jones FCCA
Price Jones Partnership Ltd Alders Farm, Ivy Lane Great Brickhill MK17 9AH
Date: 14[th] May 2024
East Molesey Cricket Club Income & Expenditure Account Year ended 31 October 2023
| Note | 2023 (£) | 2022 (£) | |||||
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Members' subscriptions and fees | 1 | 133,883 | 121,319 | ||||
| Donations | |||||||
| General | 13,733 | 1,769 | |||||
| Restricted | - | - | |||||
| EMCC Bar Ltd | 2 | 72,139 | 105,448 | ||||
| Sponsorship | 17,049 | 19,433 | |||||
| Grants | - | 12,500 | |||||
| Socials | 3 | 3,087 | -8,595 | ||||
| Rental income | 4 | 59,729 | 78,548 | ||||
| Other | 1,255 | 1,919 | |||||
| 300,875 | 332,341 | ||||||
| Expenditure | |||||||
| Rates | 37 | 265 | |||||
| Light and heat | 10,599 | 3,964 | |||||
| Water | 2,692 | 3,417 | |||||
| Rubbish disposal | 4,338 | 3,380 | |||||
| Sewage disposal | 4,317 | 2,379 | |||||
| Cleaning | 7,449 | 4,113 | |||||
| Repairs & maintenance | 10,228 | 10,173 | |||||
| Insurance | 8,334 | 7,423 | |||||
| Ground maintenance | 5 | 48,980 | 66,239 | ||||
| Overseas player | 6 | 13,361 | 13,469 | ||||
| Playing costs | 7 | 40,389 | 36,161 | ||||
| Coaching | 8 | 44,227 | 41,016 | ||||
| Accountancy fees | 500 | 500 | |||||
| Other | 9 | 86,325 | 45,863 | ||||
| 281,776 | 238,362 | ||||||
| Excess of Income over Expenditure | 19,099 | 93,979 | |||||
| Capital Expenditure | 108,950 | 95,887 | |||||
| Excess of Income over Expenditure and Capex | -89,851 | -1,908 |
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East Molesey Cricket Club Balance Sheet as at 31 October 2023
| Note | 31 October | 2023 (£) | 31 October | 2022 (£) | |
|---|---|---|---|---|---|
| Non-current assets | |||||
| Fixed assets | 10 | 242,069 | 197,480 | ||
| Current assets | |||||
| Other stock | 979 | 979 | |||
| Prepayments | 1,878 | 1,762 | |||
| Trade debtors | 21,595 | 11,727 | |||
| Cash at bank | 18,069 | 29,535 | |||
| Loan to EMCC Bar Ltd | 37,710 | 29,451 | |||
| 80,231 | 73,454 | ||||
| Total assets | 322,301 | 270,934 | |||
| Non-current liabilities | |||||
| ECB Outdoor Nets Loan | 7,500 | 17,500 | |||
| Other Loans | 1,667 | 3,280 | |||
| Sewage connection grant | - | 912 | |||
| 9,167 | 21,692 | ||||
| Current liabilities | |||||
| Trade payables | 459 | 13,453 | |||
| Deferred income | 15,837 | 4,505 | |||
| Café deposit | 10,000 | 10,000 | |||
| Members Loans | 50,000 | - | |||
| Other creditors | (272) | 3,273 | |||
| 76,024 | 31,231 | ||||
| Total liabilities | 85,191 | 52,923 | |||
| Net assets | 237,110 | 218,011 | |||
| Reserves | |||||
| General | 237,110 | 218,011 | |||
| Restricted | - | - | |||
| Total reserves | 237,110 | 218,011 |
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East Molesey Cricket Club Notes to the Accounts Year Ending 31 October 2023
Note 1 - Members' subscriptions and fees
| Note 1 - Members' subscriptions and fees | ||
|---|---|---|
| 2023 (£) | 2022 (£) | |
| Seniors | ||
| Subscriptions | 8,125 | 7,455 |
| Match fees | 5,964 | 6,553 |
| Winter nets | 2,270 | 4,436 |
| 16,359 | 18,444 | |
| Juniors | ||
| Boys Subscriptions | 71,755 | 63,915 |
| Girls Subscriptions | 27,995 | 21,485 |
| Winter nets | 16,634 | 16,515 |
| 116,384 | 101,915 | |
| Social | ||
| Subscriptions | 1,140 | 960 |
| 133,883 | 121,319 | |
| 2023 | 2022 | |
| Number of senior members | 40 | 37 |
| Number of juniors members (Boys) | 471 | 446 |
| Number of juniors members (Girls) | 193 | 145 |
| Number of social members | 19 | 15 |
| Number of life members | 17 | 17 |
| 740 | 660 | |
| Note 2 – Donations from East Molesey Cricket Club Bar Ltd | ||
| 2023 (£) | 2022 (£) | |
| Bar Profit | ||
| Bar takings | 225,653 | 277,714 |
| Stock purchased | -73,437 | -83,637 |
| Salaries | -50,316 | -62,098 |
| Other | -29,761 | -26,531 |
| 72,139 | 105,448 |
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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2023
Note 3 – Socials
| 2023 (£) | 2022 (£) | |
|---|---|---|
| Income | 21,617 | 12,134 |
| Expenditure | -18,530 | -20,729 |
| 3,087 | -8,595 | |
| Note 4 - Rental income | ||
| 2023 (£) | 2022 (£) | |
| Café | 50,000 | 50,000 |
| Telephone mast | 5,149 | 5,149 |
| Other | 4,580 | 23,399 |
| 59,729 | 78,548 | |
| Note 5 - Grounds maintenance | ||
| 2023 (£) | 2022 (£) | |
| Groundsman | 35,759 | 31,691 |
| Machinery Servicing | 4,976 | 3,906 |
| Machinery Hire | 660 | 4,093 |
| Container Rental | - | 534 |
| Ground Supplies | 7,556 | 25,149 |
| Other | 29 | 866 |
| 48,980 | 66,239 |
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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2023
Note 6 - Overseas player
| 2023 (£) | 2022 (£) | |
|---|---|---|
| Flights | 1,297 | 1,439 |
| Salary | 6,984 | 5,700 |
| Accommodation | 5,000 | 5,000 |
| Other | 80 | 1,330 |
| 13,361 | 13,469 | |
| Note 7 - Playing costs | ||
| 2023 (£) | 2022 (£) | |
| Seniors | ||
| Teas | 7,500 | 4,634 |
| Scorers | 5,505 | 5,149 |
| Umpires | 238 | 186 |
| Competition subscriptions | 3,650 | 3,723 |
| Winter nets | 3,952 | 4,800 |
| Pitch hire | 2,630 | 5,078 |
| Equipment | 649 | 857 |
| 24,124 | 22,552 | |
| Juniors | ||
| Competition subscriptions | 2,459 | 1,983 |
| Winter nets | 5,540 | 6,750 |
| Pitch hire | 5,050 | 1,875 |
| Equipment | 3,216 | 3,001 |
| 16,265 | 13,609 | |
| 40,389 | 36,161 |
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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2023
Note 8 – Coaching
| 2023 (£) | 2022 (£) | |
|---|---|---|
| Seniors' coaching | 5,705 | 4,775 |
| Juniors’ coaching | 38,408 | 34,801 |
| Coaching courses | 114 | 1,460 |
| 44,227 | 41,036 | |
| Note 9 - Other expenditure | ||
| 2023 (£) | 2022 (£) | |
| Television, Telephone & Internet | 396 | 204 |
| Security | 2,021 | 2,130 |
| Depreciation | 63,449 | 27,810 |
| Bank charges | 3,990 | 3,612 |
| Software | 1,627 | 1,363 |
| Miscellaneous expenditure | 14,842 | 10,744 |
| 86,325 | 45,863 |
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East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2023
Note 10 - Fixed assets
| Ground | Groundsman’s | Driveway | Outdoor | WECA | Fixtures & | Other | Total (£) | |
|---|---|---|---|---|---|---|---|---|
| Machinery | Shed & Yard | Nets | Improvements | Fittings | ||||
| Cost | ||||||||
| 1 November 2022 | 36,378 | 62,309 | 3,100 | 77,791 | 10,967 | 40,375 | 140,952 | 371,872 |
| Additions | 37,791 | 17,956 | 46,515 | - | 50 | 2,568 | 4,450 | 109,330 |
| Disposals | - | - | - | - | - | - | - | - |
| 31 October 2023 | 74,169 | 80,265 | 49,615 | 77,791 | 11,017 | 42,943 | 145,402 | 481,202 |
| Accumulated depreciation | ||||||||
| 1 November 2022 | 20,376 | - | 3,100 | 36,388 | 2,193 | 35,227 | 77,108 | 174,392 |
| Charge in the year | 15,274 | - | 4,961 | 7,779 | 2,203 | 6,267 | 19,888 | 64,361 |
| Disposals | - | - | - | - | - | - | - | - |
| 31 October 2023 | 35,650 | 7,989 | 8,061 | 44,167 | 4,396 | 41,494 | 96,996 | 238,753 |
| Net book value | ||||||||
| 1 November 2022 | 16,002 | 62,309 | - | 41,403 | 8,774 | 5,148 | 63,844 | 197,480 |
| 31 October 2023 | 38,519 | 72,276 | 41,554 | 33,624 | 6,621 | 1,449 | 48,406 | 242,069 |