YORKSHtRE COUNfY CRICKET CLUB CHARITABLE YoufH TRUST CIO Financial Statements 31 December 2024 ALAN BARKER & CO. Wetherbv Road COLLIN'GHAM LS22 SAY
YORKSHIRE couKrY CRICKET CLUB CHARITABLE YoirrH TRUST CIO Financial Statements 31 December 2024 Contents Page Legal and Adminislrative Details Trustees, report Independent Examiner's R<Dort Statsment of Financial Activities Summary Income and Expenditure Account Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement io Notes
Legal and AdmiDistr#live Details for the year ended 31 DecemEer 2024 Chari Number: 1181828 TTreeS . J P Whitclcv (Chainnan) R P Hodson Mrs J Hildreth R A Hutton S Pathak JDPike J M E Skinner M Stones Ms C E Taylor MBE Hono Treasurer . JP Whiteley FCA istered Address . Fleadingley Cricket Gmund Leeds LS6 3BU Bankers . Virgin Money James Street IIarrogate HGI IQU Inde ndent Examiner . TA Barker FCCA 'Bartthill' Wetherby Road Collin2ham LS22 SAY Investment Fund Manaoers . JMFitm&Co 4 Coleman St London EC2R STA
Legal and Administrative Details for the year ended 31 December 2024 (continued) Date of the Constitution 6 Decanber 2018 itome of the Constitution". The Trustees are directed to hold the trust fund and In1¢ therefrom up)n trust to apply the income and all or such part or parts ot.the capital of the trust fund as they may in their absolute discretion think fit for the following PUTposes . (l) To advance the physical education and development of young t£ople by the organisation, pff)vision or assislance of facFlities which will enable young people at clubs and assrtiations, or at school& univetsities and other educational establishments in YorkshTre to play cricket or other games or sp)rts by:_ a) providing or &ssisting in the provi5lOD of games or sports equipment of every kind for the use of such young people; b) providing or assisting in the provision of such course4 lectur4 demonstrations and coaching for such young people and for coaches and iea¢hers who organise or supervise the playing of cricket or other games at such clubs associations, h1)01& uni*er5ities or oth¢r educational establishm¢nts: c) laying OUL managin& equipping and maintsining or assisting in the laying OUL managemenL equipment and maintenance of Dlaving fields or appropriate ir.door facilities. whether i'¢sted in the trustees or not to be used for the coachtng and teaching and playing of cricket or other gatnes or swrts by such young people. (2) The assistance in or provision offacilities for recreation or other leisure tim¢ wcupation in the interests of social welfare. either for the benefit of the general public of Yorkshire OT for the benefit of those who by r¢&son of their youth, age, infitmity or disablemenL verty or social and economic circumst2n¢es have & need of such facilities 'ith th¢ ob]t of improving their condttion of life. The CIO has power to do atLything which is eaICu1at to further tts objects or is conducive or incidentsl to doing There must be at least 4 charity trnstees and no more than 10. Trusttts are apwinted for a terni not exceeding four y¢ars by a resolution at a properly convened meeting of charity truste¢s. Anyone retiring is eligible for reappoinlm¢nt. This epitome should be regarded solely as an aide-memoire. Referen¢e should be made to the Ci)DStitution for any matters requiring det2il¢d ¢onsideratiOEL
Report of the Trustees for tbe year ended 31 December 2024 The trustees have plegsure in presenting their report for the vear ended 31 DecemlKr 2024. On 6 December 2018. the Trustees approved the establishment of the yohle County Cricket Club Charitsble Youth Trust CIO (the TIO?. On 31 January 2019 the CIO was approved by The Charity Commission and the funds from the previous trt were transferred to the CIO. Included within those funds was an amount of £50, being the original restricted fund set up as The Sir L£oAwd Hutton Foundation. The balance of funds transf¢TTed to the C.IO is unrCted and may k used to further the obje¢ts of the CIO. These are referred to &s the-Genernl Fund-. Charitable activities in 2024 The CIO is a charity whtch aims to enable more young w)ple to play cricket and other SPOTts in Yorkshire. We work with partners to fUnCe the prograeS which benefit Childre including The Yo1r¢ Cricket Foundation who deliver "Enjoy Crickef. . Pop-up Cricket-. and '"Beach Cricket-" In 2024. we were Dleased to continue an expansion of Enjoy Cricket and Popup Cricket and supported the delivery of these to over l 0.000 voung people at over 70 centres across the countv. giving over 1,000 hours of cricketing fun to children in a safe envirotment. We are also the Irdd funder of a new project in S¢arborough to greatly ewd the paMi¢ipation of young people in cricket in the to1 and surrounding ar¢as. AddTtional support was given to give buT5aries for enthusiasts to leatn to coacEL cricket to young people and helping clubs remove a bater to enable them to SUPkK)rt junior cri¢k¢¢ providing youngsters support for years to comc. The CIO'S income is principally from a portfolio of invesljnents althougb donations and bequests are welcomed. As in previous yeats, the level of charitsble expetjdtture has exceeded investment income. General Fund In 2024 cbaritable expenditure was £78.829 {2023 £80.765). and wilh stnall increases in the values of the charity's inve5ttncnts, the Fund showed an overall surp15 for the year of £31.91] (2023 deficit of £1 8.188) and a balance at 31 December 2024 of £1,223.558 (2023 £1.191.647). The trustees are grnteful for donations ree¢ive( parti¢ularly from certain long-standing supporter lthvestments Trading resulted tn a realised loss of £2,189 (2023 - loss of £7,633). Unrealised gaios in the year were £63.195 (2023 gains of £22,332) and the value of the investhi¢nts at 31 Dember 2024 w&s £1,210.582 (2023 £1.153.282).
Report of the Trnstrts (CODtinued) for the year ended 31 December 2024 Trnstees, RespoDsibiliiies Under the trust deed of the charity and charity law, the Trustees are required to have an independent examination by a duly qualified accountant of the fmallcial 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 expendith. In preparing those financial statemenw generally accepted accounting practice entails that the Trustees are required select suitable accountino p)li¢i¢s and then appty them consistently, make judgement5 and ¢stimat¢s that are re&sothle and prudent state whether the wommendations of the relevant Statement of Recommended Practice (SORP) Accounting by Charities have been followe( subject to any mafrrial departuiEs di]05ed and explained in the accounts" prepare the financial statements on the going concern basis unl¢s5 it is inappropriate to presume that th¢ charity will continue its activities. The Trnstees are required to act in accordan¢¢ with the tr( deed of the charity within the framework of trust laTh'. They are responsible for k¢epiug proper accounting records. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of th¢ Charity tnd to prevent and detect fraud and other irregularities. Risk Management The Trustees are responsible for the management of risks faced by the charity and teview periodically th¢ Charity's risk management processe5. With the help of professional investment matMgemenL the Tne¢S are Satisfi that the major risks identifIed are adequately mitigated where necessary. It is TOlS¢d that systellts can only provid¢ reasonable but not absolut¢ assurance that major risks have been adequ2tely managed. On behalf of the TTUStees J P Whiteley Tre(%$er 6 Mar¢h 2025
I'()Rl(SHIRF. COI.'NTY CRIC'KET CLI':B C'.11.4RIT.4BLE I'OI"TH TRI'S>T C'IO Independent F.Taminer's Rewrt to the Trustees on the linxvdiied.4rruunt% of l orksbiro (.'ounts" Cricket (-lub C"b2ritable I'outb Trust (".l() I rep()n i)ii thi aLLI)Ulll% Ic)r iliL i Ldr iTrd¢xl i I IkLLYnber )0_4 c)ut (In paoes 6 tiJ } Rcpeeti)'e respon%ibiSitie% and bssis of rtport "I he eliarii!. % Ifii%lL'¢% ar¢ ri.%pi)[l1blL, tor tne preparation ol-thi. aicounis in aLLurdanLL 1% Ith thl L]llifL.11llnts ()I'tliL (-IiaritlL'% T%LI .11 I I I'ihL ..IL( l. -1 hL' chariti- % rriisiees con%idLr that an audit is ni)i reaiiirLd fiTrr L'ar iiiidLr Lxliiyll 1441_I t)l- tli¥ ..l¥t aii¢i ihaE ai? indepLndLlli L_KaminaiiK?n is rL'4uired. I r¥pi)rt in respiyt iit'in! L'iaininaiion ol'ihe aLeounis carriixl out under section 14) ol-thi 10 I l ..l¥X and iii iarTh i)til IT)i- INaminatii)n I haiL. li)11()iied all ihe applicahlL' I)irLxtions bi- the C"hariTh ( ()mnii5siiJn undLr %¢'ilii)i) Irsdopendont examiiiL'i 4 %AtI'EneTrt I liai L Ll)InplLIL.d L.xainip.aiii)ii -Inu l ¢tsn ci)ntinn thai ni) material mJlt¢rs haic coinc tii mi. atteiiti()n in c()iinLLlI()n ith ihL' LN4EniTlatiiin Lili in¢1 ML. Lase io rL.liLI"c ihal in anN' mdiLrial rLSPL'Lt= I I i aiLc)IiiitintJ fL.¢i)rd ¥%LfL' l?()I LLPt Iri rL'%r*LI i)l-IhL ehariil a% rlyuired b!" 11{) l ?0 ()I'th¢ ..ILt= i)r ( I Ilii aLLI)ulli% d(} ni)t aLLiirti 1% iiii ih()se rL'CtJid%= ()r I_I I IliL aLL()Illlt% d(I nt)t Ll)iiipli li iih iiiL' apETrliiabli rL'uuiremL'nts nien)in0 thL li)mt and L(Intillt iit-tliL Ll i)(Il iii tli¥ ('liariLiLS I..ILLtJiti)t% RiEX)ns i RLSI)ulaiivns "U(18 other than ani rL'quirL'TnLni ihat ihL aLL(IUTIt% LYIIL a tn]L and lair i iLi¥ 1% hiLIi 1% 11(ii a niattcr ciinsiderèd 3$ pan i)fan indcpendenl L.Mnall1)ll. I hi2l-L ciincern% iiiil h?i-L' L£TrIFIL% ttiriN% matters in ciinnLttion li ith the Lain11]Ittl)n t(1 li hich atteTiti()n %hiiiild bL draiin in thi% reriirt in £)rder io en2bl¢ a priiper understtsndints ()f thc accounts to be reacl)L.d. T.4 Barker I'LIIILrbi Rid 6 I4arLh ?O?-
Statement of Financial ActiTrities for the year ended 31 December 2024 Restricted Fund Unrestrirted fun¢is Genernj Fund Fund 2024 2023 Incoming Resources DonatLons, Covenants and Gift Aid Income fii)m iDYestrnents 13,760 35 13,760 15.830 Total Incoming Resources Resources Expended Direct cbaritsble expeBditure Coaching fees and expenses Grants and donations Independellt examillers fees Investtnent rna[¢¢t f¢¢s Administration expenses 61J89 5225 690 10,565 61J89 5225 690 10565 96 55,843 12,510 660 10.552 Total Resourtes Expended Net incomin&l(outgoing} Resour¢es 29 G2insl(Losses) on lllvtstments: ReAlised Unrealised (2.189) (2,189) (7,633) Total gains/(losses) 61 Net movement in funds Total funds brought fonv*rd 50 Total funds Carried fOr1rd 58 1191647
bummary Income and Expendithre Account for the year ended 31 December 2024 2024 Gross income 49.734 47.978 Expenditure 78 Net income/(expenditure) (29JI95) (J2,787) Net surplusl(deficit) on revaluation of fjxed asset investhients Net surplusl{deficit) for the year 31 All the income and expendtture relates to direct charitable 8¢tivities and continuing operntions.
Balance Sheet at 31 D¢¢ember 2024 Note 2024 2023 Ftxed ets Investments 1310582 1,153,282 Current assets Debtors Cash at bank 5248 27.036 23.505 24,186 li 50.541 Crediton: due within on¢ year Net current assets 12.976 38.365 Net assets 23 1 191647 Restrieted fund General fund 50 Unrestrieted funds General nd 23 1 191597 23 1 191647 These fin statsmeDts were approved by the tTUStees on 6 March 2025 and were signed on their FKhalf by: Hodso Trustc
Cash Flow Statement for the year ended 31 December 2024 Reconciliation of net incomin resouTces to net cash flow from o ting activttie% Note 2024 2023 Net Incomin(OUt8olng) resources (29,095) (32.787) Relurn on inv¢5tments Investment income Bank and other interest (35,974) (32.148) Net Incomin[OUtgo1ng) resources from operating acttviti¢s (tncrease}/decrea5e in debtors Increase/(decre&se) in credÉtors (65,069) 21,788 (65,935) (17,582) Net cash inflowl(oufflow) from opernting aelivihes Cash Flow Statement 2024 2023 Cash inflow/(outtlow) from opernting activities Returns on investments aud servicing of fmance Financial investments (44247) 35,974 (70,341) Ib Increasel(decrease) in cash Reconciliation of net c&sh flow to movement in net funds 2024 20?3 Cash at bank and building society: Increase/(decrease) ill cash in the y Net funds at l Jalluary 2024 (4567) 23J05 (11.138) 34.643 Net funds at 31 December 2024 23.505
Not¢s to the Casb Flow Statement t.or th¢ y¢ar ended il December 2024 Gro&s cash flow.% 2024 2023 (a) Returns investments and servicing of hllanct Investm¢nt income 32.148 (b} Finaneial investments Payments to acquire investtnents Receipts from Sale of investments (155,657) 159 (320.177) 347.232 10-
(forniing part of the financial stst¢m¢nts) for the year ended 31 December 2024 -4ccountinq policies The fmancial statements are prepared under the histori1 wst ¢onvention modified to include the revaluation of investtnents, and in compliance with the Charlties Act 2011 and the relevant Statement of Recommended Practice (-SOW) Accounting by Clthritie& Investments Investments are revalued annually to market value. There is a recognised market for all non cash listed investments held. Unrealised gains 8Dd losses on revaluation are credited to the fund to which the inveStmeS relate. Donatlons Donations and other sundry income receÈved are accounted for on an acc5 basis. Im?eslment income Bank and building society interest is recognised on a receipts basis. All other investment income. being dividetlds and taxed interest re¢eive(L 15 recognised on an accruals b8SiS. TautioB The CIO is a registered charity number 1181828 ond as such is a cbarity within the meaning of Section 506(1) T&xes Act 1988. Accordingly. the CIO is wtentially exempt from taxatioti in respect of income OF apital gains received within categories covered by stiOn 505 Taxes Act 1988 or Sectton 256 Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied to exclusively charitable purposes. Trustees remunergtion. Ixnefits aDd expellsfs There were no payments made to the trustees for remuneratiOD or other benefits {2023: £nil). Expenses of £nil (2023.. £nil) w¢re paid to tntstees during the vear.
Itorn]ing part of the financial stateellts) jcontinusj) for th¢ vear ended i l December 2024 Investments At l Januarv 2024 AdditlQDS Disposals Revaluation gainl(Iiw) 1.153.28 155,657 (161.552) 63.195 At 31 December 2024 io Listed 10.582 Histori1 cost of inveslments 958 846 Although the Tnkst's itivesttnent in Findlay American In¢. ISHS CO S&P 500 ETF, Vanguard Investments IJK and JP Morgatl Am¢riw COUnt for 8.17/0. 77/ 5.810/0 and 6.510/0 respethiv¢ly of the Trust's overall investment portfolio it holds a wide rdnge of inv¢slments so t11 no individual COllLpally represents 5f/o or more of the market value of th¢ Tn'S ovetall investment w)rtfolio. Debtors 2024 2023 Investment irkcome monies held by thnd manw Creditors due within one v 21ll4 2023 Accrnals li Alloeatiots of net *S5ets Curr¢nt Assets Investtnents Total kestricted fund unrestricted funds General fid 50 io 12 926 io 12 12-