YORKSHIRE COUNTY CRICKET CLUB CHARITABLE YoirrH TRUST CIO Financi￿ Statements 31 December 2023 ALAN BARKER & CO. "Bartthill, Ivetherby Road COLLINGHLM LS22 SAY YORKSHIRE couwry CRICKET CLUB CHARITABLE YoirfH TRUST Cto Financial Statements 31 December 2023 Contents Page Legal and Athninithtive Detsils Trustees. report Independent Examiner's Report Statement of Ftnancial Activities Summary Income 2nd EX￿dIt￿re Account Balancc Sheet Cash Flow Statement Notes to the Cash Flow Statement 10 Ni)tes YORKSHIRE couKrY CRICKET CLUB CHARJTABLE YOUTH TRUST CIO al and Administrative Detaits for the year ended J l December 202) Chari Numl*r: 1181828 Trustees = R P Hodson (Chairman) Mrs J Hildreth R A Hutton S PathaL. JDPik¢ J M E Skinner M Stones Ms C E Taylor MBE J P Whtteley Honor JP Whitel¢y FCA istered Addrcss . Headinglev Cricket Ground LS6 3BU Bankets . Vir(Fin Money James Street Harrogate HGI IQU Ind ndent Examiner." TA Barker FCCA 'Bamhill' Wetherbv Road Collin2h2m LS22 SAY Investment Fund Mana JMFinn&Co 4 Coleman Street London EC2R STA YORKSIURE COUNFY CRICKET CLUB CHARITABLE YoirrH TRUST Cto Legal Adrninistrative Details for the year ended 31 December 2023 (continued) Date of the Constitution 6 December 2018 itome of the Constitution: The Trustees are dtrected to hold the trust fimd aJMI income therefr￿n tryst to apply the income and ail or such part or parts of the Capital of the truA fijnd as thev may in their absolute discretion think fit forthe following purposes . (l) To advallce the physTrcal education and develowi¢nt of young people by th¢ organisation, provision or assistance of facilities which will enable young people at clubs and aSS(￿latIOns, or at s¢hool4 univetsities alld other educational establislllnents in Yorkshire to play ¢ricket or other games or S￿rtS by:_ a) providing or assisting in the provision of game5 or sports equipment of every kind for the use of such young peoplc. b) providing or &8sisting in the provision of such course8 lectures. demonstt*ions and coaching frii such young people and for coaches and teachers who organis¢ or supervise the playing of cricket or other games at such clubs, associations sch￿1$, Univ￿S111¢S or other educational establishments; c) laying ou¢ managin& equipping and maintsining or assisting in the laying oul llwRgemenL equipment and maintenance of playÈng fields or appropriate indoor facilities: whether vested in the trusfres or noL to uscd for the coaching and teaching and playing of cricket or oih¢r games OT Sports by such young peoL)le. (2) The assistance ill or provision of facilities for recreation or other leisur¢ time owtion in the interests of social welfare, either for the benefit of the genernl public of Yorkshire or for the bencfit of those who by reason of their youth. age, infirniity or disablemenL povety or srtial alld economic ¢i￿UmStanCeS have a need of sueh facilities with the object of improving their condttion of life. The CTO has wTrwer to do 0￿YthIng which is calculated to further its objects or is conducive or illcidental to doing so. There must be at least 4 cbarity tntstees and no more than 10. Tn￿ 8re apw>inted for a terni not ￿CeedIng four years by a resolution at a property conveneA meeting of ¢barity trustees. Anyone retiring is eligible for reappointmenL This epitome should be regarded solely as an aide-memoire. Reference should be made to the Constitution foT any matters requiring (ktailed ¢onsideTatioD. YORKSHIRE COUNTY CRICKET CLUB CHARrrABLE YoufH TRUST CIO Report of the Trustees for the year ended 31 December 2023 The trustees have pleasure ID presenting their repK)rt for the year ended 31 D￿nter 2023. On 6 December 2018, the Trustees approved the establishment ofthe Yorkskn County Cricket Club Charitable Youth Trust CIO (the-CIO"). On 31 January 2019 the CIO was approved by The Charity Commission and the funds from the previous In￿ were transfetred to th¢ CIO. Included within thos¢ fimds was an amoullt of £50, king the original restricted fund set up as The Sir Imnard Hutton Foundation. The baIance of funds transferred to the CIO is u[￿e51￿cted and may k used to fisrther the objects of ttLe CIO. These are refffred to as the T￿lleral Fund-. ChaTitalAe Ydctivitifs in 2023 The CIO is a charity which aims to enable morc young people to play cricket and other SE￿ in Yorkshi￿. We work with partncr5 to finance the progrdmmes which benefit childrffj including The Yorkshire Cricket Foundation vkno deliver-Enjoy Crickeff. 'Popup Crick¢t-. and-Beach Cricket, In 2023, we were ple&sed to suptK)rt an expansion of Enjoy Cricket and Pop-up Cricket and suptx)rted the deliven, of these to over 10,000 young people at 74 centr¢s across the county. giving over 1.000 hours of crickcting fun to ¢hildTen in a safe environment. We also helped wtth fi￿ding forthe establishment of the Ryedale Women's Softball I￿gue and are the lead funder of a project in Scarborough to greatly expand the participation ofyoung people in cricket in the town and surrounding area8. Additional support was given to give buT5aries for enthusiasts to learn to coach cricket to young people and helping clubs remove a barrier to ellable them to supp)rt jullior crickel providing youngslers support for years to come. The CIO'S income is principally from a trfolio of investments aIthough donations and bequests are welcomed. As in previous years. the level of clwitabEe expenditw¢ has ¢xc¢eded investment income. Genernl Fund In 2023 charitsble expenditure was £80,765 (2022 £52,602k and wÈth small increases in the values of the charity's invesknents, the Fund showed an overall deficit for the year of £18,1 $8 (2022 deficit of £284,030) and a balan¢c at 31 December 2023 of £1,191.647 (202? £1209,835). The trystees are grateful for donations received, particularly from certain long-standing supwrter5. Investments Trading resulted in a realised loss of £7.633 (2022 - loss of £17560). UnTealised gains in the year wete £22.332 (2022 - losses of £261,639) and th¢ value of the investments at 31 December 2023 w&5 £1.153.282 (2022 £1.165.738). YORKSHIRE co￿ CIUCKET CLUB CHARITABI.E YoifTH TRUST CIO Report of the Trustees (eontinued) for the year ended 31 December 2023 Trnstees, Responsibilities Under the trust deed of the charity and ¢hatity law. the Tn￿ are requircd to bave an ind¢pendent examination by a duty qualified accountant of the financial statements of the charity for each financial 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 staternent% g¢n¢rally accepted accoutrtin to: prdctice entails that the Tn￿S are required select suitable accounting policies and thell appfv them consistentl)". judgements and ¢stimts that are rea￿thIe and prnden¢ state whether the recommendations of the relevant Statement of R￿0Mmended Prncticc (SORP) Accounting by Chatities have beell followed. subject to any materAal deparbJres disclosed and explained in the accounts. prepare the financial State￿ellts on the going concern basis ullless it is inaE>pwriate to presume that th¢ clwity will continue ILS a¢tivitie& The T17￿e¢S are required to act in accordwKc with the trust deed of the charity within the framework of tEVSt law. They are responsible for keepin8 prop¢r accounting records. They have general resw)nsibility for taking such steps as are ￿asonablY ottn to them to safeguard the Lssets of the c￿rity almi to prevent and detect fraud and other iTregularitie Risk Mallagement The Trustees are respoDsRble for the management of risks faced by the charity and review periodically th¢ charity's risk management processe& With the help of professional investment m8nagemenL the Trustees are satisfied that the major risks identified ar¢ adequately rnitigated where necessary. It is recogllised that systems only Provide T￿Onable but not absolute assurdnce that major risks have been adequately tnanage On behaIf of the Trustees J P Whitelev Treas￿er 8 April 2024 "OIUiSHIRF. COL.NTI" C.RICKET CLLB CHARIT.4BLE YOI":TH TRLST CIO IndependtRt EAamiDer's Report to the Trustees on the lin*udited Accoullts of York8hire Count} Cricket Club Cbaritable Yolltb Tryst CIO I rcp()rt c)n thL alcounts for the l.ear ended il December set out on pages 6 to l? Re¥pectti'e responsibilities and basis ofreport TIIL cliarit! y tru5tei'> arL rL'swnsible for the p￿paration of the accounts in a¢cordan¢e ii'iih the requiremLnts of the l-liariiieN .4ct "u I I i-lhe .4LI-l. The Lharit%' s trust¢e% Consider that an audit 18 not required for ihis lear under %vction 1441_1 ol-the.4cl alld thai an inderKnd¢w ¢Naminaiion is requirrd. I ii'p(Trrt in re5￿cl of eiaminaiion of rhe accounts Gvried out under sectlOD 14) of the 101 l Act and in cam'iii£ i)ut MN" t.￿MInation I hai"e to110￿"¢d all the applicable DireciioT]s qiien ￿. the Charaty Commission under section 14) i )Iihi Iit'tliL' tlLtt. Independent exaMI￿er.5 $iaIeMe￿t I hai'c Compl￿ed mi. t￿MinatIon 2nd I can confirrn that no material maner5 hai"e COTn¢ to MN. attention in coiiiieciion li ith ihe examin2iÉon gii.inq me cause io beli￿.e that in an! material rtspect: I I l acLiiuiitllli> fL*C?rd% i%LfL' ni)1 ki.pt respecl of the ¢har¢Th as requirrd b!" section lio of ihe rlLI= iir l-l thL' acLI)Ullt% do ni)i acLnrd i¥iTh those reiords- or (J I the accounts do not compl!. ￿1th the applÈcable requirements concerE)ing the forni and conient of thc accounis 4et out tlie C"hariiies1.4¥eOUniS 2nd ReFK>rtsl Regulaiions ?008 other than an!" requ5remen( that the accounis iTiNe a trui and fair i ieii iihich Ès nol a ￿￿tter Considered as part of an indyndenÈ ewMinatioEJ. I hai"¥ i)i) ioni¥rn8 and hai¢ Lotne 8cross no maitets Èn Collnection ii'ith the examinaiion lo iihich attcntian should be draii"n in tliis repi)rt IR order to enable a proEKr understanding of the accounts lo be reached. T..1 B4rker ( li£iric'i'i'£l ( c'riifi¥¢l_4¢¢'sse5) on knvestmtnts: Realised Unrealised (7.633) 222-J2 (7,633) 22232 (17.560) 261639 Totsl gain&l(losses) 14 279 199 Net movement in fijnds 284 030 Totsl broll%bt forT¥ard 50 1209 785 5 1.49).86.f Totsl funds vArried forward 1191647 1209 8J5 YORKSHIRE COUNTY CRICKET CLUB CHAIUTABLE YOUTH TRUST CIO SumDJary Income and E4)enditure Accouot for the year ended 31 December 202) 2023 2022 Gross income 47978 47.771 Expenditure Net incomel(expenditure) (32.787) (4.831) Net surplu51(deficit) on revaluation of fixed asset investments 14 Net sutplusl(defictt) for the year All the income and eXPendttU￿ r¢lates to di￿ chaTitable activÈties and continutng O￿Lon$. YORKSHIRE COUNfY CRICKET CLUB CHARITABLE YoirrH TRUST CIO Balance Shect at 31 December 2023 Note 2023 2022 Fixed assets Investments 1,153282 1.165.738 Current ￿ets Debtors Cash at bank 27,036 9,454 50541 44,097 Creditors: due within one yetr Net current assets 38J65 P4et ￿ets 1 191647 1209 835 Restricted fund General fund 50 UDreslrÉcted hnds Gelle￿1 fund 1209 785 1 191647 09.835 These statements were approved by the on 8 Awil 2024 and were signed OD their behalf by: Hodso Trustee YORKSlItRE couNrY CRICKET CLUB CHARITABLE YoirrH TRUST CIO Cash Flow Statement for the year ended 31 Ikc¢mber 2023 Reconciliation of net incomin resources to net ￿$h flow from o ratin activities Note 2023 2022 Net incominyJ(outgoing) resources 132.787) (4.831) Return on iDYestmeDts InN'estment income Bank and other interest (32.148) (35,187) Net incominyJ(outgoing) resourtts from 0￿ratIng activtties (Incrcaseydec￿aSC in debiors IncreaSeJ(deCr&￿e) in creditors {64,935) (17582) (40,018) (6.151) Net e&sh iDnowl(oufflow) from operating activitses 70 41 Cash Flow State￿ent 2023 2022 Cash infiowl(ourflow) from ope17ting activities Returns on investments and sen'icing of finance Financial investments (70J41) 32.148 (46,169) 35,187 la Ib Inerea8eJ(decrease) in eash Reconciliation of net cash flow to movement in net ftm(L 2023 2022 Cash at bank and building society." Increase/(decr¢as¢) in cash in the year Net funds at l January 202J (11.138) 4.670 29.973 Net funds at 31 December 2023 34.643 YORKSHIRE couNrY CRICKET CLUB CHARITABLE YoirrH TRUST CIO Iyotes to the Cash Flow Statement for the year ended 31 December 2023 Gross flows 2023 2022 (a) Rethrus on inveslments and servicing offinance Investment income (b) Financial iovestmeuts Payments to acquire investments 1320.177) 347 Receipts from ￿e of inv¢stm¢nts ￿2 {105.040) 120692 15.652 10- YORKSHIRE couiyry CRICKET CLUB CIIARITABLE YOUTH TRUST CIO Notes (foTming part of the ful￿ClaI sWem¢nts) for the year ended 31 December 2023 Accoullting policies The financial Statements are prcpared under the historical cost conveotion modified to include the revaluation of investments. and in compliance with the Charities Act 2011 and the r¢lev8nt StateD]ent of Recommended Practice ("SORP-) Accountino by Charities. Invesiments Investments are revalued annually to maTket value. There is a rec(wJisd Diarket for all Don listed investmcnts hcld. UDreaEised Èains and losses on revaluatim are cr￿lted to the fund to which the investments relate. Donations Don2tions and othcr sundry income received art accounted for on an awuals basis. Investmen¢ income Bank alld building society interest ts recognised on a receipts basi& All other illvestment Income, being dividends and taxed interest r￿e1V￿. is recogniscd on an accruals basis. Tgxatio The CIO is a registered chartty llumi￿ 1181828 and as such is a charity within the meaning of S¢ction 506(1) T&xes Act 1988. Accordingl).. the CIO is potentialli, exempt from taxation in respect of income or capital gains Tectived within categories covered bv Section 505 T&xes Act 1988 or Section 256 T￿tion of Chargeable Gains Act 1992 10 the extent that such income or ins are applied to exclusively charitable purposes. Trnstees remunerdtion. benefits and expenses Thete weTe no made to the trustees for remuneration or other ￿nefits (2022: £nil). Expenses of £nil (2022: £nil) were ￿ld to truste￿ during the year. YORKSHIRE couNrY CIUCKET CLUB CHARITABLE YOUTH TRUST CIO (forniing part of the fu￿nCIal statements) (continued) for the year ended 31 December 2023 Inve8tmeAts A- l Januarv 2023 Additions Disposals Revaluation gainl(10&8) -165.738 320.177 (354.865) 22232 At 31 Decejnber 2023 Listed I 153 282 Historical cost of investments 963 012 Although the TnJst"s investment in Fin(llay American Ino ISHS Core S&P 500 EIF. Vanguard Investments UK and JP Morgan American account for 7.6J 1.3￿/. 5.19Yo and 5.210/rs respectivelv of the Trnst's overall investment ￿rtfolIO it holds a wide rdnge of investhients so that llo individual company reptEsents 5/0 OT of the market value of the Tn&'s overall inv¢stm¢nt I￿[0110. Debtors 21123 2022 Investment incom¢ monies kld by fund ttw 9.454 Creditors due within one Tear 21)23 2022 ACcn￿S 12.176 Allocation of net a&s¢ts Net Current Assets Investsn¢nts Total Restricted fund Unrestricted funds General fund 38 12-