Charity registration number 1188191 GOWERTON CRICKET CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
GOWERTON CRICKET CLUB CONTENTS Page Trustees report Independent examiner's report Statement of financial activities Balance sheet Notes lo the financial slalemtrnls 8-16
GOWERTON CRICKET CLUB TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financial statements for the year ended 30 September 2024. The financial statements have been prepared in accordan with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. Objectives and activities The purposes of the charity as sat out in its governing document. Gowerton Cricket Club was established in 1880 and the Charity was established in 2020 for the benefit of promoting community participation in health recreation in Gowerton and its surrounding areas. The Charity was established to further.. Active participation in health recreational activities Providing facilities for playing cricket I'Facililies' means Land, Buildings, Equiprnenl and Organising Sporting Aclivitiesl The main activities undèrtaken in rèlation to thos8 purposas during tha period. Promotion of community participation in health recreation in Gowerton and its surrounding areas. Provision of facilities for playing cricket. The main activities undertaken during the period to further the charity's purpose for the public benefit. The trustees believe that promoting community participation in health recreation in Gowerton and ils surrounding areas by providing facilities for playing cricket is of benefit to the public as a whole. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. A¢hievements and performance The Crickel Club continues to provide facilities for cricket matches and training for our community. During the 2024 season, the Club had four senior teams, two ladies teams, and fourteen junior teams playing every week. Work on developing ladies cricket at the club has continued lo progress well with this section continuing to flourish. Ourjunior teams continue lo thrive, and we once again provided All Stars and Dynamos programmes for 5 10 8 and 8 10 11 year olds respectively. We have a number of junior cricketers who have been selected for represenlalive regional and national teams. The Club were also able to provide coaching in February and during the summer for junior club players and those new lo the game thanks lo two grants received from Swansea Council. Our 1st Xl team were champions of the South Wales Cricket Association Division 2 and will play in Division 1 in 2025. The clLJb continLJes to invest in its facilities with work completed to replace the net facilib'es and one of the artificial pitches dLJring 2024. We continue to plan for the renovations of OLJr pavilion and hope to see work stsrting during the 2025 season. Our main income sources conts'nue to be through fundraising events such as our annual Golf Day, Christmas Raffle and summer events being successful both in terms of raising much-needed revenue and bringing the Gowerton community together. The Club also runs a successful 100 Club lottery. Donations and subscriptions by Patrons and Members continue to help the club invest in facilities.
GOWERTON CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Financial review The Statement of Financial Activities is sel out on page 6 of the financial stalemenls. Total income amounted to £52,64012023.. £96,457) with lolal expenditure of £82,14512023.. £75,040) and a Ioss on disposal of tangible assets of £25,62512023.. £nill. Overall this resulted in a nel year end deficit of £35,13012023= surplus of £21,4171- Donations and legacies tolalled £18,95512023: £59,825). At 30 September 2024 the net CLJrrent assets shown on the Balance Sheet as set out on page 7 amounted lo £98,92912023: £104,214). The free reserves of the Charity totslled £76,32612023.' £85,935). The trustees are satisfied that Gowerton Cricket Club has a sound financial base from which to continue to provide its ServIS to the community. Policies on Reserves The Club maintsins a few specific reserves for earmarked projects, primarily those funded from external grants which are awaiting ¢ommen¢emenl. The club holds reserves that are part of the charity's unrestri¢ted funds that are freely available to spend on any of the charity's purpose. It is Gowerton Cricket Club's policy to maintain a balance on unrestricted funds (where possible), which equates to approximately six months costs, equivalent to £15,000 to cover emergency situations that may arise from time to time. The balance on the Masters Account is retained towards meeting the ongoing costs of renovating our Pavilion. The balance on the projects accoLJnt is available for any projects as detemiined by the Trustees. It is our policy that all funds raised by the club are used to invest in and improve facilities and the cricket experien for our members. The board of Iruslees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in pla to mitigate exposure to Ihe major risks.
GOWERTON CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structure. governance and management The charity's areas operation and UK charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales ICCEWI with charity number 1188191. The charity does not operate in any overseas jurisdictions. Legal stwcture of the ¢harlty The charity is constituted as a Charitable Incorporated Organisation ICIOI in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales. There are no restriclions in the goveming documents on the operation of the Charity or on its investment PDwers other than those imposed by Charity Law. The trustees are all individuals. The methods used to recruit and appoint new charity trustees. When looking to appoint new trustees the current Iruslees will look within the membership of the club and consider those individuals whose skill sets will contribute and complement the work of the club.
GOWERTON CRICKET CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Reference and administrative details Charity number: 1188191 Principal office- Gowerton Cricket Club Victoria Road Gowerton Swansea SA4 3AB lom. steph Wl Geoffrty D11$ Matth# hJne8 Kenh Thom89 E(tward MDrW Hll PortwFy An•w Chww. Apwirrtffjd 04.104Tr4 Liy BUthan- Winle¢l 01111Q023 . R•iiwwd 25ffj7rd024 Br Robtsts-Appc4nied 27106k024 Ind•pènd•nt EXnn•1., Azèts Audrt Sérwcs Tyog Lirn• Trgv Coi C¥dtff G4¢¢ P¥k C¥drfF CF23 HSBC UK 4A VJ Sirml Cwrnarth•rffjlw• SA15 3TY The trustees report was approved by the Board of Trustees. John Morris Ichaimianl Matthew Jones (Treasurer) Date.. .23rd April 202S.......................................
GOWERTON CRICKET CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOWERTON CRICKET CLUB I report to the trustees on my examination of the financial stslemenls of Gowerton Cricket Club Ilhe charity) for the year ended 30 September 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in a¢¢ordan¢e with the requirements of the Charities Act 2011 (the 2011 Act}. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Your attention is drawn to the fact that the charity has prepared financial slalements in aCCordare wth Accounting and Reporting by Charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulations bul has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act", or the financial slalements do not accord with those records.. or the financial slalements do not comply wth the applicable requirements conceming the form and content of accounts set out In the Charities (Accounts and Reportsl Regulations 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 concems and have come across no other mallers In connection with the examinats.on to which attention should be drawn in this report in order lo enable a proper understanding of the financjal slalements lo be reached. Cralg Yearsley FCCA Azets Audit servIs Ty Derw, Lime Tree Court Cardiff Gale Business Park Cardiff CF23 8AB Dated 4° June 2025
GOWERTON CRICKET CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Donations and legacies Charitable activities Fund raising Investmonls 13,076 23,886 3,784 1,395 5,879 18,955 23,886 8,404 1,395 59,825 27,674 8,381 577 59,825 27,674 8,381 577 4,620 Total income 42,141 10,499 52,640 96,457 96,457 Ex nditurn Raising funds 10,879 10,879 14,191 14,191 Charitable activities 45,891 5,375 51,266 59,824 1,025 60,849 Other 13 25,625 25,625 Total expenditure 82,395 5,375 87,770 74,015 1,025 75,040 Net lexpenditurellincome for the yearl Net movement In funds 140,2541 5,124 135,1301 22,442 {1,0251 21,417 Fund balances al 1 October 2023 146,545 14,779 161,324 124,103 15,804 139,907 Fund balances at 30 September 2024 106,291 19,903 126,194 146,545 14,779 161,324 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies.
GOWERTON CRICKET CLUB BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 15 29,965 60,610 Current assets Debtors Cash at bank and in hand 16 2,700 104,079 390 107,360 106,779 107,750 Creditors= amounts falling due within one year 17 17,8501 13,5361 Nel current assets 98,929 104,214 Total assèts less currènt Ilabllltl8s 128,894 164,824 Creditors= amounts falling due after more than one year 18 12,7001 13,5001 Net assets 126,194 161,324 Income funds Restricted funds Unrestricted funds 19 19,903 106,291 14,779 146,545 126.194 161,324 The financial statements were approved by the Trustees on . .23rd April 2025...................... John Morris Ichairmanl Trustee Matthew Jones ITreasurerl
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies Charity information Gowerton Cricket Club is a charitable incorporated organisation. 1.1 Accountlng convèntlon The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Slalement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred lo in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The finan¢i81 $18lem&nls have been prepared under the historical ¢osl convention. The principal accounting policies adopted are sel out below. 1.2 Going concern At the lime of approving the financial slalemenls, the trustees have a reasonable expe¢tstion that the charity has adequate resources to continue in operational exislen¢e for the foreseeable future. Thus the trlee$ Continuo to adopt the going ¢on¢em basis of a¢¢ounling in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subject lo specific conditions by donors as lo how they way be used. The purposes and uses of the restricted funds are sel out in the notes to the financial slatemenls. Endowment funds ara subject lo specific conditions by donors that the Capital must b& maintained by the charity. 1.4 In¢om• Income is recognised when the charity is legally entitled to it after any performan conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nottfied of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dtslribulion, the amount is known. and receipt is expected. If the arnounl is not known. the legacy is treated as a conlingenl asset.
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies {Continued} 1.5 Expenditure Expendilurtr is recognised once there is a legal or constructive obligation lo transfer e¢onomi¢ benefit lo a third party, it is probabl& that a transfer of economic benefits will be reqUId in settlement, and the amount of the obligation Can be measured roliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir ¢osts and shared costs, including support costs involved in undertaking each activity. Direct costs attributatAe to a single activity are allocated diredy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activib'es on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently rneasured al cost or valuation, net of depreciation and any impairment losses. Dtrpreciation is recognised $0 as to write off the cost or valuation of assets less thtrir residual values over their useful lives on th& following bases.. Freehold land and buildings Plant and equipment 10 /0 Reducing Balance 25 /0 Reducing Balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the slalement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any SLJch indication exists, the recoverable amount of the asset is esb'mated in order to determine the extent of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-terrn liquid investments with original rllalurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 '6asic Financial Instrurnenls, and Section 12 'Olher Financial Instrurllenls Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the ¢harily's balance sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabililitrs are offset, with the nel amounts presented in the financial stslemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basi¢ financial assets, which include debtors and cash and bank balances, are initially measured al transa¢tion pri¢e including transaction costs and are subsequently Carried at amortised cost using the effe¢tive interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present valLJe of the future receipts discounted at a market rate of interest. Financial assets classified as re1vable within one year are not amortised.
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies {Continued} Basic financial liabilities Basi¢ financial liabilities. including Creditors and bank loans are ini118lly cOgnised 81 transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is M&asUd al the present value of the future payments dis¢ounled al a market rate of interest. Financial liabilities classifiod as payable within one year are not amortised. Debt instrLJments are subsequently Carried at amortised ¢ost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as CLJrrent liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at Iransaction price and subsequently measured at amortised cost using the effective interest method. DeCognitIOn of finan¢ial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Crltlcal a¢¢ountlng o$tlmato$ and judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslim8tes and associated assumptions are based on historical experience and other f8clors th81 are considered lo be relevant. Actual results may difftrr from Ihestr estimaltrs. Tho estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to a¢¢ounting estimates are recognised in the period in which the estimate is revised where the revision affects (lY that period, or in the period of the revision and future periods where the revision affects both Current and future periods. Donations and legacie5 Unrestricted Restricted funds fund5 Total Unrestricted funds 2024 2024 2024 2023 Donations and gifts Grants receivables Membership fees 4,628 504 5,375 5,132 5,375 8,448 4,632 48,338 6,855 8,448 13,076 5,879 18,955 59,825 10-
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitable activities 2024 2023 Trading activitios 23,886 27,674 Fund raising Unrestrlctod Rostrlcted funds funds Totsl Unre$trlct•d funds 2024 2024 2024 2023 Fundraising events 3,784 4,620 8.404 8,381 In¥¢$tments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,395 577 Raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraisin and ublici Other fundraising costs 10,879 14,191 10,879 14,191
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitable activities Unrèstricted Unrèstrictèd Funds Funds 2024 2023 Ground Playing expenses 9,124 8,657 7,451 11,127 17,781 18,578 Grant funding of activities Isee note 91 8,963 Share of support costs Isee note 101 Share of governance Costs Isee note 101 21,822 2,700 39,631 2,640 51,266 60,849 Analysis by fund Unreslricled funds Restricted funds 45,891 5,375 59,824 1,025 51,266 60,849 Grants payable 2024 2023 Grants lo institutions.. Gowerton Alhlelic Club 8,963 12-
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 10 Support costs Support Governance costs Costs 2024Support costs Governance costs 2023 Depreciation Light. Power, Heat Repairs & Renewals Printing & Slalionery Affiliation Fees Softhare Expenses Health & Safety Sundry Consultancy Fee Bank Charges Insurance 5,020 1,818 1,821 398 2,382 858 10 1,812 5,535 497 1,671 5,020 1,818 1,821 398 2,382 858 8,417 2,273 18,367 409 3,105 886 243 3,818 8,417 2,273 18,367 409 3,105 886 243 3,818 1,812 5,535 497 1,671 506 1,607 506 1,607 Accountancy fees 2,700 2,700 2,640 2,640 21,822 2.700 24,522 39,631 2.640 42,271 Analysed between Charitsble activities 21,822 2,700 24,522 39,631 2,640 42,271 Governance costs relating lo the Independent Examination £2,70012023- £2,640). 11 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. 12 Employ0¢$ The average monthly nurllber of employees during the year was.. 2024 Number 2023 Number Totsl There were no employees whose annual remuneration was more than £60,000. 13-
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 other 2024 2023 Net loss on disposal of tangible fixed assets 25,625 25,625 14 Taxation The charily is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 15 Tangible fixed assets Freehold land and buildings Plant and equipment Total Cost At 1 October 2023 Disposals 75,223 135,3401 13,270 88,493 135,3401 At 30 September 2024 39,883 13,270 53,153 Depre¢latlon and Impalrment At 1 October 2023 Depreciation charged in the year Eliminated in respect of disposals 20,523 2,907 19,7151 7,360 2,113 27,883 5,020 19,71 $1 At 30 September 2024 13,715 9,473 23,188 Carrying amount At 30 September 2024 26,168 3,797 29,965 At 30 September 2023 54,700 5,910 60,610 16 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Other debtors 200 2,500 390 2,700 390 14-
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 17 Creditors: amounts falling due within one year 2024 2023 Trade creditors Loans due within 1 year Accruals and deferred income 4,155 800 2,895 456 800 2,280 7,850 3,536 18 Creditors= amounts falling due after MO than one year 2024 2023 Long Term Loans 2,700 3,500 19 Restrictèd funds The income funds of the Charity include reslricled funds comprising the following unexpended balancts of donations and grants held on trust for specific purposes.. Movement in funds Incoming Resources Balance at resources expended 30 September 2024 Balanc8 at 1 October 2022 Resources Balance at expended1 October 2023 Masters A¢¢ount Swansea Council 15,804 11,0251 14,779 5,124 5,375 19,903 15,3751 1 S,804 11,0251 14,779 10,499 15,3751 19,903 Masters A¢¢ount Relates to funds raistrd for the restoration of the Pavillion. Swansea Coun¢ll Relates to funding for the COAST activities. 15-
GOWERTON CRICKET CLUB NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 20 Analysis of net assets between funds Unrestricted Restricted funds fund5 2024 2024 Totsl Unrestricted Restricted fund5 funds 2023 2023 Total 2024 2023 Fund balances al 30 September 2024 are represented by.. Tangible assets Current assetsllliabilitiesl Long term liabilities 29,965 79,026 12,7001 29,965 98,929 12,7001 60,610 89,435 13,5001 60,610 104,214 13,5001 19,903 14,779 106,291 19,903 126,194 146,545 14,779 161,324 21 Related party transactions There were no disclosable related party transactions during the year12023 none). 16-