YORKSHIRE couNrY CRICKET CLUB CIIARrrABLE YoirrH TRUST CIO Financial StateDAents 31 December 2022 ALAN BARKER & CO. 'Barnhill' Wetherbv Road COLLtNGHAM LS22 SAY YORKSIIIRE couiYrY CRICKET CLUB CHAIUTABLE YoirrH TRUST CIO Financi￿ Statements 31 Decemb¢T 2022 Contents Page Legal and Administrative t)¢tsils Trustees. report Independent Examiner's Repx)rt Statement of Financial Activities Summary Income and Expenditiw¢ Account Balance Sheet Cash Flow Statement Not¢s to the Cash Flow Statement io Notes li YORKSHIRE couNrY CIUCKET CLUB CHARtrABLE YOUTH TRUST CIO I￿1 aDd Administrative Details for the year ended 31 December 2022 Chari Number: 1181828 Trustees . R P Hthn (Cha]rn￿) Mrs J Hildreth J C Ilornby R A Hutton S Pathak JDPike J M E Skinner M Stone5 Ms C E Taylor MBE JA F Vallanc J P Whiteley (retired 22Dd March 2022) (appointed 22od Ma￿h 2022) (app)int¢d 15. Septemkr 2022) (retired 15th September 2022) Hono JP Whtteley FCA Headingl¢y Crick¢t Ground LS6 3BU Bankers . Virgin Money James Street Harrogate HGI IQU Ind dent F.xwniner . TA B&ker FCCA 'Barnhill' Wetherby Road Collinghatn LS22 SAY Investmcnt Fund JMFinn&Co 4 Coleman Street IA)ndon EC2R STA YORKSHIRE couNrY CRICKET CLUB CHAIUTABLE YoufH TRUST CIO I￿91 and Administrative Details for th¢ year ended 31 December 2022 (continued) Date of the ConstIt￿On 6 DecemlKr 2018 itome of the Constitirtion: 11]e T￿￿teeS are directed to bold the trust fvod and income therefrom Inlst to apply the income and all or such part or parts of the capital of the trust fund as tky may in th¢ir absolute discretion think fit for the following purposes . (l) To advance the physical education and development of young people by the orgdaisation. provision or assislance of faciliti&8 which will enable young people at clubs alld &ssrt was given to give bursaries for enthusiasts to learn to coach cricket to young peopl¢ and helping clubs remove a barrier to enable them to supp)rt junior cricke¢ providing youngsters support for years to come. The CIO'S income is principally fmm a portfolio of invesfmeEEts ahhough d¢)nations and Iwuests are welcomed. As in previous years. th¢ level of cl￿Rtable ex￿ndit￿re has exceeded invesknent income. General Fund In 2022 charitable expenditure w&s £52.602 (2021 £77,699), and with significant reductions in the values of the charity's investments. the Fund showed an overall defIcit for the year of £284,030 (2021 surplus of £124,921) and a balance at 31 DecemlKr 2022 of £1209,835 (2021 £1.493.865). The trustees 3re grateful for donations receive(L particul8rty from certain long-$L￿ding 5UPPOrt¢rs and also monies received at a cricket match in memory of a Nortb Yorkshire club cricketer. Investments Trading resulted in a realised Ii)ss of £17.560 (2021- gaill of £1.124}. Unrealised losses in the year were £261,639 (2021 gains of £161154) and the value of the inveslments at 31 Decemkr 2022 was £1,165,738 (2021 £1,460,589). YORKSHIRE Cou￿ry CIUCKET CLUB CHARITABLE YoIrrH TRUST CIO Report of tbe Trustees (eontinued) for the year ended 31 December 2022 Under the t￿￿ deed of the charit! and charity law. the TnJstee5 are required to have an independent examination by a duly qualified accountalrt of the financial statements of the charity for each fmanciaI year which show a true and fair view of the State of affairs of the charity and of its income and expenditure. In preparing those financial statement% g¢o¢ralty accepted accounting prdctice entails that th¢ T￿￿e¢S are required select suitsble xcowrting ￿11¢1￿% and then apply theTll COllSiStentty" make judgements and estimafrs that reasonable and Prudent state wbether the recommendations of the relevant Ststemetrt of Recommended Practice (SORP) Accountinu by c}￿itIeS have follow￿ subject to any material dep8rtwes disclos•J and explained in the accoun prepare the fmancial statetnents on the going concern basis unless it is inappropriate to presume that the chartty will continue its activities. The Trustees are required to act in acc(Ka￿ with the tnlst deed of the clwity within the framework of thist law. They ar¢ r¢sponsibl¢ for keeping proper accountiug records. They have oeneral res￿nsIbl11ty for taking such steps as ar¢ reasonably open to them to safeguard th¢ assets of the clwity and to prevent and detrft fraud and other irregularities. Risk Manggement Th¢ Trustees are reswnsible for the managemetrt of risks fxed by the charity and review periodically the Charity's risk management prwess¢s. With the help of professional investtnent managemenL the Trustff5 are satisfied th2t the major risks identified are adequately mitigated where necessary. It is rccognised that systems can only provide rewnable but not absolute assurance that major risks bave been adequatety managed. On behalf of the Trustees J P Whiteley Treasurer 13 April 2023 YORKSHIRE COUNTY CRICKET CLUB CHARITABLE YOUTH TRIIST CIO IndepeDdeDt Exgm1ne￿S Rewtyrt to the Trusteos on the una￿dited A¢¢oullts of Yorkshire Collnti. Cricket Clvb Charitable Youth Trust CIO I report on the accounts for th¢ year ended 31 Ekcerntr￿r2022 set out on page5 6 to 12. Respectii'e responsibilities and basis ofreport The ¢haraty' S trustees are reswnsible for the preparation of the accounts in accordance with the requirements of the Charities Act ?01 l ("the Act"). The chariTh s trnstees consider that an audit is not required for this year under section 144 (-) of the Act and ihat an indyndeni examin*ion is required. I report in respect of m)" examinaiion of the accounts carried out under section 145 of the 2011 Act and in carrying out m). examination I have folloM'¢d all the applicable Directions given bv the ChaTity Commission under section 45 (5Xb) of ihe Act. Independent examiner's st#temeDt I hawe complctcd MN cxamination and I can confinn that no matrrial matters have come to MN attention in connection M'ith the examination giving me cause to believe that in any material respe¢t.' (l ) accounting records were not kept in re¥*d of the charit). as required by section 130 of the A¢L or 12) Ihe accounts do not a¢cord with those record&" or (3) the accounts do not compl). i%ith the applicable requirements concerning the foTllJ And Content of the accounts set out in the Charities (Accounts and Reports) ReiFulations ?008 other than an}. requirement that th¢ a¢counls give true and fair *'ieii' which is not 3 matter considered as part of an independ¢nt examination. I have no concerns and have come across no matters in connection with the evmination lo which attention should be dra￿￿Tr in this report in order to enable a proper understanding of the accounts io be rea¢h¢d. T A Barker I'lwiered C'eriifiedAccounlont 'Barnhill' Wetherbi. Road COLI.INGHAM, LS?? SAY 13 April 2￿3 YORKSIIIRE COi]NfY CRICKF.T CLUB CHARrfABLE YOtrrH TRUST CIO StatemeDt of FinaDeial Activities for the year ended 31 December 2022 Restricted Fund General Fund Fund 2022 2021 Ineomillg Resources Donations and rovenattts In¢ome froTn investments 12.584 12584 6.100 Totxl IDcoming Resollrtes Resoure£s Expended Direct charitsble expeodsthre Ciwching fees and expenses Grants and donations Independent examiners fees Investhicnt Man￿￿¢Ment fres Administration expenses 40,465 4Q465 60,465 3.848 11.477 IIA77 12,726 Total Resource5 ExpEnded Net incomingl(outgoiDg) R￿Oll Callls/(￿jSses} IDvesthkettts: Realised Unrealtsed (17,560) 261639 (17560) 1,124 Totsl gain￿(lOsSes) 163 278 Net movement in 030 Totsl funds brought forward 50 1493 815 65 1368 944 Totsl funds earried forward 35 1493 865 YORKSHtRE COUNTY CRICKET CLUB CIIARJTABLE YoirrH TRUST CIO Sunllnary Income 2nd Expendi￿re Account for the year ended 31 December 2022 2022 2021 Gross income 47.771 39.342 Expenditure 52 77.699 Net incomel(expenditLre) (4WI) (38J57) Net SUTplus/(deficit) on revaluation of fixed a￿t investments 163 278 Net SUTplusl(deficit) forthe year 124 921 All the income and &y￿ditUre relates to dtrect charitable &tiYities and colltinuing operations. YORI(SHIRE COUNTY CRICKET CLifB CHARtTABLE YoirrH TRUST CIO Balance Sheet at 31 December 2022 Note 2022 2021 Filed 4&8ets Investments 1.165,738 1.460,589 Current gssets Debtors Cash at bank 9,454 3.303 33276 Creditors: due within one year Net cllrrent gS8ets Net gssets 1209 1493 865 Restricted fund General fimd 50 Unrestricted funds General fiind 1493 815 1493 865 These financial staÉemeots were approved by the trustees on 13 April 2023 and were signd on th¢iT khalf by: RPH Trus YORKSHIRE couwry CRICKET CLUB CHARITABLE YoirrH TRUST CIO Cash Flow Statement for the year ended 31 Decetnber 2022 Reconciliation of net inco resources to net cash flow from o activities Note 2022 2021 Net Incomin￿(OUtgolng) resources (4&31) (38,357) Return on illYeslmeDts Investhent income Bank and other interest (35,187) {33,242) Net incomingl(outgoing) resourtts from 01￿*ting activities (Increase)Idecre&se in debtors IncTeasel(deLTease) in Creditors {40,018) (Q151) (71,599) 45.245 658 Net cgsh infiowl{ouffloiv) from operating a¢tivities Cash Flow Statement 2022 2021 Cash infiowl(outtlow) from operdting activities Returns on inve51ments and servicing of finance Financial investments (46.169) 35,187 (27.012) 33,242 Ib IncTeaseJ{d£tre￿) ill Reconciliation of net cash flow to movement in net fimds 2022 2021 Cash at bank and building wiety . Increase/(decrease) in casb in the year N¢t funds at l January 2022 4ffj70 (2.361) Net ￿llds at 31 December 2022 YORKSIttRE couNrY CRtCKET CLUB CIIARtTABLE YoirrH TRUST CIO Notes to the C&sh Flow Statement for the year ended 31 Decernl￿r 2022 Gro&8 cash flows 2022 2021 (a) RethnL8 on inveslmellts and serYi¢ithg of finance Investment income (b) Financial iDvestD)ents Payments to acqutre investments (105JMQ) 120 R￿elpts from sale of investm¢nts ￿92 (82.756) 74.165 io- YORKSHIRE CoU￿ry CRICKF.T CLUB CHARUABLE YoirrH TRUST CIO Notes (forniing part of the financial stat¢m¢nts} for the year ended 31 December 2022 poli¢1 The fllMncial ststements are prepared Und￿ the histortcal cost convention modified to in¢lude the revaluation of investm¢nt& and in compliance with the Clwities Act 2011 and the relevant Statement of Recommended Practice {-SORP") Accounting by Charities. Ipweslments Investments are revalued amiually ￿ market value. There is a rewised market for all non cash listed inve5tfflttLts held. Unrealised gains and k)ws on revaluation are credited to the fisnd to which the investrnents relate. DoFktrions Donations and other S￿ income r￿tIve1] are w)unted for on an a¢¢n￿lS basis. Ipnpeslment income Bank and building society tnterest is recognised on a [￿Ipts basis. All other investtllent Income. betng dividend5 and t￿d interest receive4 is rerwised OD an accnjals basis. T￿tIOn The CIO is a registered chartty number 1 181828 and as such is a charity within the m¢antng of Section 506(1) Taxes Act 1988. Accordingly. the CIO is potentialty exempt from taxation in respect of incomc or capital gains Tectived within categories coNered bv Section 505 Taxes Act 1988 or Section 256 Taxation of Chargeable Gains Act 1992 to the extent that such income or gains applied to exclustvely charitsble purposes. Trustees rernllneratio￿ beller￿ and expeLgc There were no wayments made to the tDJstees frir remuneration or other benefits (2021: £nil). Expenses of £nil (2021: ￿ll1} were paid to trustees during the year. YORKSHtRE COINTY CRICKET CLUB CIIARITABLE YoirrH TRUST CIO Notes (forniing part of the firkancial stal¢m¢llts) (continued) for the year ended 31 December 2022 Investments At l January 2022 Additions Disposals Revaluation gain/(loss) 1,460.589 R05,040 (138,252) 261639 At 31 December 21)22 1165 738 Listed 1.165 738 Historical cost of investmfflts Although the Trust's investment in Findlay American tnc and ISHS Core S&P 500 ETF account for 6.30/ and 6.1•/o respectively of the Tn￿'S overdll investment portfolio it holds a wide rdnge of investments so that no individual Co￿paI￿ represents 5/0 or more of the value of the Tntst's overall inves(ment portfolio. Debtors 2022 2021 Investment in¢ome monies held by fijnd tllanag¢rs Creditors due within one vear 2022 2021 A¢¢nthls Alk•eatioD of net asgets Net Current Assets Total Restricted fund Unrestri¢ted funds General fund 50 1165 738 09 12-