**East Molesey Cricket Club** 

**Annual Report** 

**31 October 2024** 




**East Molesey Cricket Club Treasurer’s Report Year Ended 31 October 2024** 

## **Overview** 

It has been a successful year for the Club financially. As in 2021/22 and 2022/23, we have benefitted from maximising the possible revenue from both the bar and the café working alongside each other. 

First, this income has been invested in our facilities at Graburn Way. The pavilion’s toilets, boiler, radiators and associated plumbing were upgraded for £30,411 (Note 10 Additions). Furthermore, new covers were bought for Graburn Way for £7,788 (Note 10 Additions) allowing us to move our existing covers to the WECA to improve our covering there. Finally, the scorers’ area was upgraded for £1,221 near the Scorebox to allow for them to have their own space on match days (Note 10 Additions) 

Secondly, the income has allowed us to pay down all the Club’s debt which stood at £59,167 at the start of the financial year leaving us debt free for the first time in a number of 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’s profit has stayed flat in the year (from £72,139 in 2022/23 to £72,134 in 2023/24 (Note 2). Tracy has continued to put particular emphasis on our pavilion hire fees to non-members and increasing our drinks prices for non-members to more appropriately compare to other local venues available to them. She has simultaneously kept members’ drinks prices flat in the year in order to continue to strike a balance as is correct for us as a members’ club. Thank you very much to Tracy for all of her efforts this year. 

## **Rental Income** 

Licence fee income received from Miss Polly Café for the use of the café space has reduced from £50,000 in 2022/23 to £40,000 in 2023/24 (Note 4). This has to be deemed a considerable success in the context of our licensees at the start of the financial year, Miss Polly Café Ltd, going into administration in December. First, the Club was able to hold onto our £10,000 deposit to clear most if not all of the licence fee arrears. We were then grateful to Sam for being available at short notice to begin trading in quick time and minimise the unavoidable dead time of no trading. 

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It should also be noted alongside this that the Club was able to purchase the fixtures and fittings of the café from Miss Polly Café Ltd’s administrators for a heavily discounted £10,000 and sell them on to Sam for £15,000 giving the Club a profit on their disposal of £5,000 (Note 9). Alongside the licence fee, this took the Club’s total proceeds from the café to £45,000 for the year against a budget of £50,000. We can be very pleased with the limitation of the damage here. Thank you to the Committee and in particular Jez for navigating this process successfully. 

The new licensee signed to the same terms as the previous one so we can expect the licence fee to return to previous levels of £50,000 with a full year’s trading in 2024/25. 

## **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 £146,860 vs £133,883 in 2022/23 (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 Account). 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 increased again this year at £28,785 compared to £17,049 in 2022/23 (Income & Expenditure Account). This year’s figure does however include two lots of annual sponsorship of £6,005 each received from Charles Stanley in the year to sponsor the new, longer wheelie covers at Graburn Way. We therefore cannot expect this income to replicate itself in 2024/25. 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 on this difficult income stream for the Club. It has increased exponentially over his time in charge. 

## **Expenditure and Investment** 

## **Ground** 

After having spent a total of £145,851 on our Groundsman’s Shed & Yard (£80,265), Ground Machinery (£54,569) and WECA Improvements (£11,017) in 2021/22 and 2022/23, it is nice to have a good visibility and control of the costs of maintaining our two grounds. The total costs are up in the year from £48,980 in 2022/23 to £55,008 this year (Income & Expenditure Account). This is almost exclusively a result of the increased labour we have taken on it order to better service the WECA. 

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These were significant upfront costs but it is clear this move will be beneficial for the Club in the long run. We are fortunate to have had access to the required funds to make the change. 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. 

The Committee is aware that further funds will be required at the WECA in 2024/25 in order to continue its improvement but excellent progress has been made over the past two years. 

## **Light and Heat** 

Up until the end of last year, the Club has been largely unaffected by the recent increase in utility costs as our contracted rate was fixed until August 2023.  They have increased this year to £15,536 in 2023/24 compared to £10,599 in 2022/23 (Income & Expenditure Account). This represents a full year on the new tariff so we do not envisage any further material increases in the future if the current environment remains unchanged. 

## **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 the start of this financial year. The Club has completed the repayments on time in the year with the last one due on 25 May 2024. 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 4 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 ended on 24 August 2024 so this too is fully paid off. 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 the last financial year to fund the building of our new Driveway (Note 10 Other) 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 was to repay this. This was done in full after the collection of our Subscriptions last Spring. 

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## **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 2023 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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## **East Molesey Cricket Club Income & Expenditure Account Year ended 31 October 2024** 

||**Note**||**2024 (£)**|||**2023 (£)**||
|---|---|---|---|---|---|---|---|
|**Income**||||||||
|Members' subscriptions and fees|1|146,860|||133,883|||
|Donations||||||||
|General||9,723|||13,733|||
|Restricted||-|||-|||
|EMCC Bar Ltd|2|72,134|||72,139|||
|Sponsorship||28,785|||17,049|||
|Grants||8,654|||-|||
|Socials|3|-243|||3,087|||
|Rental income|4|55,292|||59,729|||
|Other||1,166|||1,255|||
|||||**322,371**|||**300,875**|
|**Expenditure**||||||||
|Rates||73|||37|||
|Light and heat||15,536|||10,599|||
|Water||8,878|||2,692|||
|Rubbish disposal||3,568|||4,338|||
|Sewage disposal||3,231|||4,317|||
|Cleaning||10,331|||7,449|||
|Repairs & maintenance||10,881|||10,228|||
|Insurance||8,865|||8,333|||
|Ground maintenance|5|55,008|||48,980|||
|Overseas player|6|10,137|||13,361|||
|Playing costs|7|50,614|||41,244|||
|Coaching|8|46,890|||44,227|||
|Accountancy fees||500|||500|||
|Other|9|97,883|||85,471|||
|||||**322,395**|||**281,776**|
|**Excess of Income over Expenditure**||||**-24**|||**19,099**|
|Capital Expenditure||52,778|||108,950|||
|**Excess of Income over Expenditure and Capex**||||**-52,802**|||**-89,851**|



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|**East Molesey Cricket Club**||||||
|---|---|---|---|---|---|
|**Balance Sheet**||||||
|**as at 31 October 2024**||||||
||**Note**|**31 October**|**2024 (£)**|**31 October**|**2023 (£)**|
|**Non-current assets**||||||
|Fixed assets|10||217,294||242,069|
|**Current assets**||||||
|Other stock||2,389||979||
|Prepayments||1,920||1,878||
|Trade debtors||1,950||21,596||
|Cash at bank||12,885||18,069||
|Loan to EMCC Bar Ltd||27,384||37,710||
||||**46,528**||**80,232**|
|**Total assets**|||**263,822**||**322,301**|
|**Non-current liabilities**||||||
|ECB Outdoor Nets Loan||-||7,500||
|Other Loans||-||1,667||
|Members Loans||-||50,000||
||||**-**||**59,167**|
|**Current liabilities**||||||
|Trade payables||2,236||459||
|Deferred income||4,506||15,837||
|Café deposit||10,000||10,000||
|Other creditors||9,993||(272)||
||||**26,735**||**26,024**|
|**Total liabilities**|||**26,735**||**85,191**|
|**Net assets**|||**237,087**||**237,110**|
|**Reserves**||||||
|General||237,087||237,110||
|Restricted||-||-||
|**Total reserves**|||**237,087**||**237,110**|



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## **East Molesey Cricket Club Notes to the Accounts Year Ending 31 October 2024** 

## **Note 1 - Members' subscriptions and fees** 

|**Note 1 - Members' subscriptions and fees**|||
|---|---|---|
||**2024 (£)**|**2023 (£)**|
|Seniors|||
|Subscriptions|7,715|8,125|
|Match fees|6,030|5,964|
|Winter nets|2,400|2,270|
||**16,145**|**16,359**|
|Juniors|||
|Boys Subscriptions|80,355|71,755|
|Girls Subscriptions|32,500|27,995|
|Winter nets|17,260|16,634|
||**130,115**|**116,384**|
|Social|||
|Subscriptions|600|1,140|
||**146,860**|**133,883**|
||**_2024_**|**_2023_**|
|_Number of senior members_|_40_|_40_|
|_Number of juniors members (Boys)_|_464_|_471_|
|_Number of juniors members (Girls)_|_187_|_193_|
|_Number of social members_|_16_|_19_|
|_Number of life members_|_17_|_17_|
||**_724_**|**_740_**|
|**Note 2 – Donations from East Molesey Cricket Club Bar Ltd**|||
||**2024 (£)**|**2023 (£)**|
|Bar takings|187,239|205,858|
|Pavilion hire|9,840|19,795|
|Stock purchased|-56,423|-73,437|
|Salaries|-47,607|-50,316|
|Other|-20,915|-29,761|
||**72,134**|**72,139**|



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## **East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2024** 

## **Note 3 – Socials** 

||**2024 (£)**|**2023 (£)**|
|---|---|---|
|Income|6,105|21,617|
|Expenditure|-6,348|-18,530|
||**-243**|**3,087**|
|**Note 4 - Rental income**|||
||**2024 (£)**|**2023 (£)**|
|Café|40,000|50,000|
|Telephone mast|5,149|5,149|
|Other|10,143|4,580|
||**55,292**|**59,729**|
|**Note 5 - Grounds maintenance**|||
||**2024 (£)**|**2023 (£)**|
|Groundsman|42,050|35,759|
|Machinery Servicing|3,619|4,976|
|Machinery Hire|236|660|
|Container Rental|-|-|
|Ground Supplies|8,303|7,556|
|Other|800|29|
||**55,008**|**48,980**|



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## **East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2024** 

## **Note 6 - Overseas player** 

||**2024 (£)**|**2023 (£)**|
|---|---|---|
|Flights|1,115|1,297|
|Salary|5,726|6,984|
|Accommodation|1,500|5,000|
|Other|1,796|80|
||**10,137**|**13,361**|
|**Note 7 - Playing costs**|||
||**2024 (£)**|**2023 (£)**|
|**Seniors**|||
|Teas|8,450|7,500|
|Scorers|7,291|5,505|
|Umpires|748|238|
|Competition subscriptions|3,822|3,650|
|Winter nets|2,100|3,952|
|Pitch hire|7,087|2,630|
|Equipment|2,692|649|
||**32,190**|**24,124**|
|**Juniors**|||
|Competition subscriptions|3,532|2,459|
|Winter nets|6,265|5,540|
|Pitch hire|3,783|5,050|
|Equipment|3,819|3,216|
|Trophies|1,025|855|
||**18,424**|**17,120**|
||**50,614**|**41,244**|



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## **East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2024** 

## **Note 8 – Coaching** 

||**2024 (£)**|**2023 (£)**|
|---|---|---|
|Seniors' coaching|6,259|5,705|
|Juniors’ coaching|38,931|38,408|
|Coaching courses|1,700|114|
||**46,890**|**44,227**|
|**Note 9 - Other expenditure**|||
||**2024 (£)**|**2023 (£)**|
|Television, Telephone & Internet|540|396|
|Security|1,486|2,021|
|Depreciation|67,553|63,449|
|(Profit)/loss on disposal of fixed assets|-5,000|-|
|Bank charges|3,715|3,990|
|Software|2,883|983|
|Administration costs|16,000|-|
|Charitable donations|1,213|-|
|Miscellaneous expenditure|9,493|14,632|
||**97,883**|**85,471**|



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## **East Molesey Cricket Club Notes to the Accounts (cont.) Year Ending 31 October 2024** 

## **Note 10 - Fixed assets** 

||**Ground**|**Groundsman’s**|<br>**Pavilion**|**Covers**|**WECA**|**Fixtures &**|**Other**|**Total (£)**|
|---|---|---|---|---|---|---|---|---|
||**Machinery**|**Shed & Yard**|**Improvements**||**Improvements**|**Fittings**|||
|**Cost**|||||||||
|1 November 2023|74,169|80,265|26,972|6,490|11,017|42,943|238,963|480,819|
|Additions|195|-|30,411|7,788|-|13,163|1,221|52,778|
|Disposals|-|-|-|-|-|-10,000|-|-10,000|
|**31 October 2024**|**74,364**|**80,265**|**57,383**|**14,278**|**11,017**|**46,106**|**240,184**|**523,597**|
|**Accumulated depreciation**|||||||||
|1 November 2023|35,650|7,989|6,322|6,490|4,396|41,494|136,409|238,750|
|Charge in the year|14,873|8,027|5,098|7,788|2,204|3,975|25,588|67,553|
|Disposals|-|-|-|-|-|-|-|-|
|**31 October 2024**|**50,523**|**16,016**|**11,420**|**14,278**|**6,600**|**45,469**|**161,997**|**306,303**|
|**Net book value**|||||||||
|1 November 2023|38,519|72,276|20,650|-|6,621|1,449|102,554|242,069|
|**31 October 2024**|**23,841**|**64,249**|**45,963**|**-**|**4,417**|**637**|**78,187**|**217,294**|





## **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 2024. 

## **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: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. 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 

4. 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: 30[th] July 2025