Charity reglstratlon number 1182963 BANGOR CRICKET CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 BANGOR CRICKET CLUB LEGAL AND ADMINISTRATIVE INFORMATION Trust¢*8 G W Jon¥$ (Chair) G W Edwards H E Winter Charlty number 1182963 Independent examlner Christopher Moss Bsc F.C.A. JS. Accountants & Business Advisors Limited James House stonecross Business Park Yew Tree Way Warrington Cheshire WA3 3JD 8anke HSBC Bank plc 17-19 Regent Street Wrexham LL11 1RN BANGOR CRICKET CLUB CONTENTS Page Trustees ieport Indepen￿ent eK3mlnels report Statement of financi818ctivilies 8alance sheet Notes to the financial stslements 6-11 BANGOR CRICKET CLUB TRUSTEES REPORT FOR THE YEAR ENDED 30 APRIL 2024 The trustees present their report and financial statements for the year ended 30 Apnl 2024. Bangor Cricket Club is a Charitable Incorporated Organisalion ICIOI and Ils governing docurnent is its con5tilulion. The charity was regisleied on 12 April 2019. The financial staleMent5 have been prepared In accordance with Ihe accounting pol-.ClES sel out in note 1 to the rinancial slalemenls and comply with the charily's governing documenl. the Chaflties Act 2011 and 'Accounling and Reporting by Chaiilios. Slalernonl of Rccommcndcd Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191 The charity is a public benefit entity as defined by FRS 102. Objectives and activities The charity's objects are to promote the amateur sport Df cricket by providing coaching and developrnenl Dpporiunilies within the sport for all within the comrnunily and, lor the public benefit, Ihe promotion of cDrnrnunity participation In healthy recreation In particular by the provision of facilities for the playing of cricket. The tru51ee5 have paid due regard to guidance Issued by the Charity CorTrmission in deciding what activities the charity should undertake. Achievements and perforniance The year lo 30 April 2024 represented the charity's fifth period of account and has seen the charity recoid deficit of £8 639. Financlal revlew The tru&tee5 are 58t15fied with the perform8nce of the charity in Its fifth pèriod and with the charity's financial PDSltiDn al the balancE Sheet dale. It Is the policy of the charity that unrestricted funds which have not been de51gnated for a specific use should be maintained at a level equivalent to a minimum of between three and six month's expenditure The trustees con51der5 that reserves at th15 level will en5uie that. In the evenl of a significant drop in funding. they will be able to continue the charity's current activities while consideration is given lo way5 In which additional funds may be raised This level of reserves has been rnain13ined throughout the ye3r. The trustee5 have Fneel regularly as and when required. and have a5se5sed the major risks to which the charily is exposed. and are satisfietj that systems are In place to Tniligale exposure to the rnajor risks. structure, governance and management The chanty is a charitable Incorporated organisation. The tnjsteps who served during the year and up to the date of signature of the financial statements were.. G w Jone5 Icnalrl G W Edwèrds H E Winter The Chair Is respon51ble for the Induction of new tIU51ees. The Induction provides new trustees with an awareness ol their respon51bililies, the governing dDcumenl and the history and phi1050phical approach ol the charity. None of the Iruslèes has any beneficial interest in the company. All of the trustees ale mernbers of the company and guarantee to contribute £1 in the event of a winding up. BANGOR CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 The trustees re s approved by the Board of Trustee5. G W Jone¥ (Charrl Tru51ee Dated. 12 December 2024 BANGOR CRICKET CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BANGOR CRICKET CLUB I report lo the Iruslees on Tny exatninalion of the financial 51aternents of Bangor Cricket Club Ilhe charity) for the year ended 30 April 2024. Responsibilities and basis of report As the trustees of the charity you are responsible lor the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report In respect of my exarnination of the charity's financial statemen15 Carried out undèr section 145 of the 2011 Act. In carrying out my examination I have followed 811 the applicable Directions given by Ihe Charity Cornrnission under section 14515llbl of the 2011 Act Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in conneclion with the examination giving me cause lo believe that in any material respect accouiiling records were not kept in respect of the charity as required by section 130 of the 2011 Act. or the financial statements do nat accord with those records., or the financial statements do not cornply with the applicable requirements concerning the form 8nd content of accounts sel DUI In the Charilies (Account5 and Reports) Regul3lions 2008 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. I have no concerns and have come across no other matters In connection wth the exgminalion to which attention should be dr2wn in this report in ordèr lo enable a proper understanding of the financial Statements to be reached. Chr15topher Moss Bsc F.C.A. JS. Accountants & Business A¢visors Limited Jame5 House stonecrDSS Business Park Yew Tree Way Warrington Cheshire WA3 3JD Dated.. Dec 19, 2024 BANGOR CRICKET CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2024 Unrestricted Uniestricted funds funds 2024 2023 Notes Income from.. Donations Charitable activitie5 Investrnents 12,483 11,910 332 4.176 10.518 Total income 24,725 14.694 Ex èndlturè on: 33.364 29.553 Net expendlture for the yearl Net movement in funds 18,6391 114,8591 Fun(J balances at 1 May 2023 850,453 865.312 Fund balance5 at 30 April 2024 841.814 850,453 The statement of financial acliwlies Includes all gains and losses recognised In the year. All income gnd expendilure derive from continuing activities. BANGOR CRICKET CLUB BALANCE SHEET AS AT 30 APRIL 2024 2024 2023 Notes Fixed assets Tangible assets 11 802,228 816,911 Current asset5 Debtors Cash at bank and in hand 328 37.572 44,549 44,549 37.900 Creditors= amounts falling due within one year 13 14,9631 14.3581 Net curient assets 39,586 33,542 Total assets less current Ilabilitles 841.814 850.453 Income funds Unrestricted funds 841,814 850.453 841.814 850.453 The fit7ancial sl s were approved by the Tru5tpe5 Ot7 12 DEcember 2024 G W Jones (Chairl Trustee BANGOR CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Accounting policies Charity information Bangor Cricket Club Is a chaiitable incorporated organisalion. 1.1 Accounting convention The financial slalemenls have been prepared in accordance with Ihe charity's governing document. the Charitie5 Act 2011 and "Accounling and Reporiing by Charities.. Statement of Recomrnended Practice applicable to charities preparing Iheir accounts In accordance with the Financi31 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20,, 91 The charity is a Public Benefit Entity as defined by FRS 102. The chaiity has taken advantage of the provisions In the SORP for charities applying FRS 102 Update Bulletin I not to prepare a StateTnenl of Cash Flow5. The financial statements are prepared In sterling. which Is the functional currency of the charily. Monetary amounts in these financial statetments are rounded lo the nearest £. The financial slalemenls have been prppared under the historical cost convention. The pnncipal accounting policies adopted are set out below 1.2 Going concern At the time of approving the financial slalemenls, the trustees have a reasonable expectation that the Eharity h3s adequate re50uices to CDntinue in operational exislence lor the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in piepèring the financial statements. 1.3 Charitable funds Unrestiicled funds are available for use at the discrelion of the trustee5 In furtherance of their charilable obieclives. Restricted funds are Subject to specific condition5 by donor5 or grantor5 as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financial statements. 1.4 Income Incorne Is iecognised when the charity is legally entitled to it after any performance conditlOll5 have been met, the arnounts C3n be measured reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are reco9nised once the charity h35 been notified of the donation. unless performance conditions require deferral ol the arnovnt. Income lax iecoverable In rèlation lo donations received under Gift Aid or deeds of covenant 15 recognised al the tirne of the donation. 1.5 Expenditure Charitable activities cornprise those c05t5 incurred by the charity In the delivpry ol its activities and services for its beneficiarie5. It includes both the costs thal can be alloc8ted directly to such activities and those costs ol an indirect nature necessary to support thern. BANGOR CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting policies (Continued) 1.6 Tangible flxed assets Tangible fixed assets ale Initially measured at cosi and subsequently measured at cost, net of depreeiation and any impairmenl losses. Depreciation is recDgnised so as to write off the cost of assets less their residual values over their useful lives on the following bases. Freehold land and buildings 2 /0 per annum on a straight line basis The gain or las$ arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset. and Ig recognised In the sièiemenl of financi31 activities. 1.7 Impairment of fixed asset5 At each reponing end date, the charity reviews the carrying amounts of Its tangible asset5 to (Jetermine whether there Is any Indication that those assets have suffered an Impairrnenl loss. If any such Indicatio exists. Ihe recoverable amount ol the asset is estimated In order lo determine the extent of the ImpairTnenl loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents Include cash In hand, deposits held at call with bank5. other short-lerm liquid investments with original malurilies of three mDnths or less, and bank overdrafts. Bank overdrans are shown within borrowings In current liabilities. 1.9 Financial instrument5 The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 -other Financial In5trumenls Issues. of FRS 102 lo all of its financial inslrumenls. Fin8nci31 instruments are recognised in the charity's balance sheet when the charity becomes paty lo the contractual prov1510ns of the In5trurnenl. Financi81 assets and 113bililies are offset, with the nei amounts presented In the financial statements, when there is a legally enforceable right to set off the recognised amounts 8nd there Is an Intention to settle on a net basis or la realise the asset and settle the liability sirnultaneou51y. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are Initially measured al transaction price including transaction EQSts and are subsequently carried at arnortised Cost using the effective interest method unless the arrangement constitutes a financ5ng transaction. whpie the transaction is rneasured at the present valu& of the future receipls discounted al a market rate of interest. Financial assets classifiecl as receivable within one year are not amortised. Derecognition of financial assets Financial as5e15 are derecDgn15ed only when the conlraclual lights lo the cash flc)ws from the 8sset expire or are settled, or when ihe charity transfers the financial asset and substanlially 311 the risks and rewards ol ownership to anolheT enlity, or If SOTne 51gnificant 115ks rewards of ownership are relained bul control ol the asset has transferred to another party that 15 able lo sell the asset In Its entirety to an unrelaled third paty. BANGOR CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting policies Icontinuedl Basic financial liabiltties Basic financial liabilities, including credilors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument Is measured al the piesent value ol the lulure payments discounted at a market rate ol interesl. Financial liabilities classified as payable within one year are not amortised. Debt inslrurnenls are Subsequently carried at amortised cost, using the effeclive interest rale method. Trade creditor5 are obligalioiis tu pay for guDds or setvices that have been acquired in the ordinary course of operation5 from supplier5 Arnounts payable are classified as current liabilities If payment Is due within one year or less. If not. they are presented as non-current 118bililies Trade creditors are recognised initially at Iransaction price and subsequently measured at arnortised cost using the effect1ve Inleresl method. Derecognition ol financial liabilities Financial liabilities are derecognised when the chanly's contractual obligations expire or are discharged or cancelled. Donations Unrestricted Unrestricted funds funds 2024 2023 Oonalions 12,483 4.176 Income from charitable activities Unrestricted fund5 2024 Unrestricted funds 2023 Charttable activities Charitable rental Income Other income 11.810 100 10,518 11.910 10.518 Income from investments Unrestrlcted Unrestrl¢ted funds funds 2024 2023 Interest receivable 332 BANGOR CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 APRIL 2024 Expendltuve on charitable activities Charitable activities Charltable activities 2024 2023 Dlrect costs Depreciation and Irnp8irFnent Charitable donation Insurance Rates Bank charges Governance costs Repairs and Maintenance Advertising Subscriptions Legal & Professional Travel expenses 17,412 5,300 1,867 180 61 1.523 1.484 162 176 230 4,969 17,298 6,836 1.483 180 57 1.598 785 167 260 8Bg 33.364 29,553 Analysis by fund Unrestricted funds 33.364 29.553 Net rnovement In funds 2024 2023 The net movement in funds is slated atter chargingllcreditingl- Depreciation of owned tangible fixed assets 17.412 17298 Independent examiner remuneration Fees payable to the independent examiner.. 2024 2023 Independenl examiner review Df the annual account5 1,500 1.500 Tru5tee5 None ol the tIU5tees lor any peisons connected with them) received any iemuneration, benefits or expenses IroTll the chaiity during the year. Ernployee5 The were no employees during the year. 10 Taxation The charity is eKempl from taxation on ils activities bec8use all ils incorne 15 applied fDr charitable purpose5. BANGOR CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 11 Tangible fixed assets Freehold land and building$ C05t At 1 May 2023 Addilions 867.614 2,729 AI 30 April 2024 870,343 Depreciation and impainnent At 1 May 2023 Depreciation charged In the year 50.703 17.412 At 30 April 2024 68.115 Carrylng amount AI 30 April 2024 802,228 At 30 April 2023 816.911 12 Debtors 2024 2023 Amounts falling due within one year.. other debtor5 328 13 Credilor5'. arnount5 falling due within one year 2024 2023 Other taxation and social security Other creditors Accruals and deferred income 680 2,783 1,500 2.783 1,575 4.963 4,358 10 BANGOR CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 APRIL 2024 14 Unrestricted funds The unreslrided funds of the charity comprise the unexpended balance5 01 donations and gran15 which are not Subject to specific conditions by donors and grantors as to how they Tnay be used These Include designated funds which have been sel aside out of unrestricted funds by the trustees for specific purposes. At 1 May 2023 Incomlng resources Resources expended At 30 April 2024 General funds 850,453 24,725 133.3641 841.814 Prevlous year.. At 1 May 2022 Incoming resources Resources expended At 30 April 2023 General funds 865,312 14,694 129.5531 850.453 15 Related party transactions During the year the charity received donations frorn trustees totalling £10,00012023'. £1,000).