FRIENDS OF NORFOLK YOUTH CRICKET
Charity Commission registration number: 1177835
2023 ANNUAL REPORT
(incorporating Accounts for 2023)
Introduction
We are pleased to be publishing this Annual Report, the fifth since the Friends of Norfolk Youth Cricket (FONYC) became registered with the Charity Commission in April 2018. The circumstances leading to our registration are described in the next section of this report.
Background
The Friends were set up in 1996 by Richard Jefferson and in the period to 2018 he raised in the region of £100,000 for the benefit of youth cricket in Norfolk. In October 2017 the Norfolk Cricket Board were notified that they would be receiving a substantial six figure sum from the estate of Maurice Sills, a long-time supporter of the Friends, with the expressed intention that this be used for the development of youth cricket in the county.
The Norfolk Cricket Board decided that the best way of applying this most generous bequest was to convert the Friends into a registered charity and then to transfer the bequest to them. In total, the bequest amounted to £197,600.
Formally registered as a charity in April 2018, the objectives of the Friends are set out in the next section.
We have five trustees: three appointed by the Board and two by the Norfolk Youth Committee.
The Friends’ Objects
The Friends’ Objects are to promote community participation for the benefit of young people living or going to school in Norfolk through the provision of facilities for the learning, teaching and playing of cricket, in particular (but not exclusively) by
-
Supporting organisations such as clubs, schools or other groups that offer cricket to young people in the county
-
Providing hardship support to young players, and their parents, who struggle to meet the costs of playing cricket
-
Supporting organisations that deliver the opportunity for those with disabilities to play cricket or adapted forms
-
Supporting any other projects that support and develop youth cricket in Norfolk
-
Creating a suitable award or trophy in recognition of Maurice Sills.
Income
In addition to the bequest, the Friends have continued to receive donations from a number of regular donors, and these are summarised in the accounts that are part of this report. The trustees are extremely grateful to those who continue to support youth cricket in Norfolk.
The trustees have recognised the need to develop the ways in which the charity is promoted. In this respect, the Friends have a dedicated section on the Norfolk Cricket Board’s website (including a facility for on-line donations) and also a Twitter account. In addition, the Friends are registered with HMRC for gift aid.
In addition, in 2023 the trustees produced an Impact Report which in November was sent to solicitors’ firms in Norfolk together with a request that they bear the Friends in mind when advising their private clients on bequests to be made in their wills.
2023 Grants
The trustees are proactive in seeking applications from cricket clubs and in 2023 made grants to six clubs, totalling £4375 as a contribution towards coach education and the provision of kit and other equipment. In addition, the trustees have supported a small number of schools to purchase soft ball kit where this has been identified through the Chance to Shine programme.
The Friends also continue to sponsor the Norfolk Girls County Under 11 side.
Hardship Payments
The Friends’ objects include the making of hardship payments to young players and their parents. This duplicated the remit of the longstanding Barry Boswell Fund to make similar payments. Inevitably, that Fund’s reserves reduced over the years and it was therefore agreed with their trustees in late 2020 that their outstanding monies (amounting to approximately £5,750) be transferred to the Friends with a view to the Friends administering the transferred monies and on the basis that hardship grants awarded by the Friends would be drawn equally from the two funds, until the Barry Boswell monies are exhausted.
The trustees have in place a formal process for assessing requests for hardship grants and set grant limits, and recognise that to provide financial support in this way is important in ensuring that cricket in Norfolk is as inclusive as it can be. Three such grants were made in 2023.
Investing the Funds
The trustees spent considerable time in deciding how best to invest the bulk of the legacy. Their decision was to invest it through the Charities Aid Foundation in the
Defensive Capital Growth Fund, and this investment was put in place in June 2019. In December 2022, it was announced that this avenue of investment would no longer be available to the Friends as from April 2023, and the trustees therefore subsequently agreed to deposit £120,000 with Nat West in a 12 month fixed term deposit account with an annual return of 4.38%.
Public Benefit
We indicate above how we seek to apply our funds in furtherance of our charitable objectives for the public benefit.
We have complied with the duty in the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
Lastly, we want to record our thanks to Kevin Denmark and Lewis Denmark of the Norfolk Cricket Board for the administrative support that they give to the Friends. The trustees greatly appreciate this. And I want to thank my fellow trustees for their contribution to the work of the Friends.
Keir Hounsome
Chair, Friends of Norfolk Youth Cricket
May 2024
- ?
FRIENDS OF NORFOLK YOUTH CRICKET
INCOME AND EXPENDITURE ACCOUNTS 2023
| INCOME | £ |
|---|---|
| Members’ subscriptions | 771 |
| Other | 99 |
| Investment income | 530 |
| Capital gains investment | 566 |
| TOTAL | 1966 |
EXPENDITURE
| Grants | 4375 |
|---|---|
| Schools kit | 378 |
| Financial assistance | 600 |
| NYC Under 11 Girls sponsorship | 1200 |
| NYC Annual trophies and engraving | 290 |
| Impact Report | 380 |
| TOTAL |
7223 |
| NET LOSS |
(5256) |
BALANCE SHEET
| Opening Balance (as at 1stJanuary 2023) 181245 | Opening Balance (as at 1stJanuary 2023) 181245 |
|---|---|
| Net Loss | 5256 |
| TOTAL | 175989 |
| Comprising | |
| Bank Account | 55,988 |
| Investment | 120,000 |
Kevin Denmark Treasurer February 2024
INIpeNDE1•T EXAMIMEifs REPORT TO THE TRU8TEE8 OF THE FRIENDS OF MORFOLK Yoimi CAICKrr I report to Trust81 on my examKHl)n of a(xounts of th8 Fri8fKls of Pxfolk Youth Crlcket (1he FnerMJs-) for the year eThJed 31. Decemb¥ 2023. RMpon•lblllll•• and babh of R•port A3 ts chanty trustees ol Frientts you are re$31b1e br prepauon of tl counts in a(y>ydarKe ith Act 20111tr Acl"). I report in pect of my exarnlnatyon of the Ftsrth. scurts carried ¢)ul und•f 8eclKJn 145 of t1 2011 Act aThJ in cèrrying oul my ex4MIatIon I hav8 frAIow8d all the app1Ka1¢ DiredTh glvw by ts Ch¥ty undér wtlon 145 (5) (b) of the Ad. Ind•p•nd•nt •xamin•rf• •lat•m•nt I h8ve comwed my exwn¥wli>n and I cordlm Ihal malerial rnalt•rs hav8 C to my atteniknn In C(rth wlth tho 8xaminaik)n that g1 me cw80 to t6¥8 Ihai In any malenal resped 1. Accountlng re((d9 wwe rK)t kept in respect of Frkrth as rewtred by stttion 1 X) of Act. or 2. The a>Ints {) 1 a(X1) ith tIxJ8e rely)5, I have concem8 arwj have rne acro no mattern kn 1h the éxamin to whiL attention shId b8 dfawm in report in wder to enable a of the acwunts to be reactd. Yop un SkJn 4 fr Relevwrt wofesyKHwI qualffi1M". A Addro$8.' 31L UrfiHrtbJK Kf¢4 V£