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2024-01-31-accounts

Reference
and Administrative
Details
Trustees'
Report		 2 to 7
Independent
Examiner's
Report		 8
Statement
of Financial Activities		 9
Balance Sheet 10
Statement
of Cash Flows		 11
Notes to the Financial
Statements		 12 to 24

Somersetcricket Foundation Independent Examlnerfs Report to the trustees of Somarset Cricket Foundatlon ('the Company,) I retx¥t lo the ch8rity trustees on my èxamin￿"0rt of the acwjnts of the Company for the per+od ended 31 January 2024. Re8ponslb1lltl￿ and ba81s of réptsrt As the charity's trustees of Ihe Cornparry 18rKI also ils direciors for thè purp03es of company lawl you are responsibl6 lor the prÈp8ration ol the accowts In with the requirements of CornpanEs A¢t 2006 I'lhe 20[￿ ACYI. Hawng satisfied myself that the accounts of Somerset Cridtet FoundatKJn are not requir8d to ￿ auditèd urtdèr Part 16 of the 2(KJ6 Act and a￿ eligibl$ frjr indepeThknt eXamInat￿n, I rep(Mt in respect ol my examination ol your charity's accounts Bs cairied out under 145 of Charth"es 2Q111'the 2011 Act'l. In cairying out my examinatK)n I have followed the ￿reCt￿)n5 gNen by tt Charity Cornmiss￿n urvjer $o¢b"on 14515llbl of the 2011 Act. An In(lependent E¥amination has been cani8d ath instead of an audrt Regulation 31lQ. The Charity has been granted an audit dispensatil￿ by the Charrty Cc¥nmissK)n. dated 1 May 2024 under regulati￿ 31 13llbl of the Chariti¢5 (Accwnts arJ Reports) RegLAab"on$ 2(KJ8. The disp8nsats.on li given based upon Ihe infomiab.on w(Mded by the trustees Ihat . the charity is sm1 tharrta￿e r￿MpanY sut¥ect to 8￿rt requrements ol Part 15 01 lh& Companias Act 20C6', . the exceptional Circumstan￿ ouUinÉd mean that an authtwould be disproportionate: • there are no consb"tutional or thr requirements c¥) the ch8rty wh¢h requi￿ an wdil. Independent•xamlnw'# wtement Since the Compa)y'$ gr055 income exceeded £250.((MJ y<xJr ex8rniw must be a member of a booy listed in sKbon 145 ofthe 2Q11 Act. I confim) ihal I qualified to LThJertake tho examination because l am a member of Institute of Chartorod Acccwntants England and Wales. wlKh F5 one of the listed L<xJie$. I have ¢ompleted my eX￿in8t10n. I confim that no matters have c(xn¢ lo rny 8ttenbon in COr￿ctIOn vAth the examinalion giving me cause lo believe. ac¢ounling re(￿dS were Th)t kept in resp￿1 of Styner8et CrKket Foundatw)n as rw4uired by Section 386 01 the Lt.' or 2. the acccmjnts do not accord with those records.. or 3. the accounts do not comply wlh the arxounting requirements of section 3￿ 01 the 20l￿ A¢t other than any requiremenl that the accounts give a 'tr￿ and 18ir VIÈW whK is not a mattw Gonsidered as part ol an independent eX￿ination", or 4. the accounts have noi teen Wep￿ in ￿0[￿ar￿ wth the methods and pn"n&ples of the Statement ol Recornmended Pracbce ftx accounting aThJ repoiting by tharilies lapplicable to chatilies txeparing their accounis In accordarKo with the Financial RewtwJ Sl￿dar￿ appliGalAe in the UK aThJ RepLJblie ol Irèland IFRS 10211. I have no concems 8nd havè come across ￿ (ther matt￿S in c￿n8¢bOn wilh Ihe examination to which 8ttenti¢n drawn in this report in orderto enab￿ a propèr undèrstsrxliTrJ oflhe ac¥th￿ts to bo wathd. Michael Cook 8sc FCA A C Mole LLP Chartered Ae¢ountsnls Stafford House. BlackbiocA( Park Avenue Taunton, Somersel TA12PX Page 8

Total
Unrestricted Restricted Total 2022
funds funds 2024 £ (As
Note £ £ £ restated)
Income
and Endowments		 from:
Donations
and legacies		 3 72,344 12,000 84,344 225,306
Charitable
activities		 4 717,916 240,090 958,006 575,092
Other trading activities 5 51,346 51,346 9,966
Other income 6 3,353 3,353 107
Total income 844,959 252,090 1,097,049 810,471
Expenditure
on:
Charitable
activities		 7 ~826,973~ ~221,883~ ~1,048,856~ ~596,712~
Total expenditure ~826,973~ ~221,883) (1,048,856) ~596,712~
Net income 17,986 30,207 48,193 213,759
Net movement
in funds		 17,986 30,207 48,193 213,759
Reconciliation
of funds
Total funds brought forward 332,434 109,326 441,760 228,001
Total funds carried forward 17 350,420 139,533 489,953 441,760
Total
Unrestricted Restricted 2022
funds funds £ (As
Note £ £ restated)
Income
and Endowments		 from:
Donations
and legacies		 3 150,704 74,602 225,306
Charitable
activities		 4 474,292 100,800 575,092
Other trading activities 5 9,966 9,966
Other income 6 107 107
Total income 635,069 175,402 810,471
Expenditure
on:
Charitable
activities		 7 ~522,496~ ~74,216~ ~596,712~
Total expenditure ~522,496~ ~74,216~ ~596,712~
Net income 112,573 101,186 213,759
Net movement
in funds		 112,573 101,186 213,759
Reconciliation
of funds
Total funds brought forward 219,861 8,140 228,001
Total funds carried forward 17 332,434 109,326 441,760
All of the charity's
activities		 derive from continuing operations
during the above two periods.
The funds breakdown for 2022 is shown in note 17.

2022
2024 £ (As
Note £ restated)
Fixed assets
Tangible assets 13 14,847 13,079
Current assets
Debtors 14 65,314 80,517
Cash at bank and in hand 15 508,219 447,207
573,533 527,724
Creditors: Amounts falling due within one year 16 ~98,427l ~99,043l
Net current assets 475,106 428,681
Net assets 489,953 441,760
Funds of the charity:
Restricted Funds 139,533 109,326
Designated Funds 61,818 60,737
General Funds 288,602 271,697
Total funds 17 489,953 441,760

2024
2022
2024 £ (As
Note £ restated)
Cash flows from operating
activities
Net cash income 48,193 213,759
Adjustments
to cash flows from non-cash		 items
Depreciation 8,084 7,038
56,277 220,797
Working
capital adjustments
Decrease/(increase) in debtors 14 15,203 (73,325)
(Decrease)/increase in creditors 16 (33,949) 28,435
Increase
in deferred		 income 33,333
Net cash flows from operating activities 70,864 175,907
Cash flows from investing
activities
Purchase
of tangible		 fixed assets 13 (9,852) (9,475)
Net increase
in cash		 and cash equivalents 61,012 166,432
Cash and cash equivalents
at		 1 October 447,207 280,775
Cash and cash equivalents
at		 31 January 508,219 447,207
All of the cash flows are derived from continuing operations during the above two periods.

Unrestricted Unrestricted funds Restricted Total
Designated General funds 2024
£ £ £ £
Donations 12,344 12,344
Disability grant income 2,000 2,000
Clowance charitable trust 10,000 10,000
Project funding 25,000 35,000 60,000
25,000 47,344 12,000 84,344
A note showing a breakdown of the comparative is included
below.
Unrestricted funds Restricted Total
Designated General funds 2022
£ £ £ £ (As restated)
ECB grants 45,500 45,500
Donations 7,000 3,247 10,247
Chance to shine 74,602 74,602
Disability grant income 45,617 45,617
Clowance charitable trust 10,000 10,000
Project funding 26,156 13,184 39,340
33,156 117,548 74,602 225,306

Unrestricted Unrestricted funds Restricted Total
Designated General funds 2024
£ £ £ £
E W Cricket Trust funding 8,400 355,601 364,001
Other ECB funding 26,260 57,963 84,223
Community 10,000 61,696 16,130 87,826
Clubs & Leagues 18,174 18,174
Cricket Operations 73,628 7,800 81,428
Coaching/Schools 155,889 155,889
Women & Girls 1,998 5,550 7,548
Safeguarding 720 720
Chance to shine 141,530 141,530
Equality, diversity and
inclusion 16,667 16,667
20,398 697,518 240,090 958,006
A note showing
a breakdown		 of the comparative is included below.
Unrestricted funds Restricted Total
Designated General funds 2022
£ £ £ £ (As restated)
E W Cricket Trust funding 27,581 293,615 321,196
Community 2,138 100,800 102,938
Clubs & Leagues 29,735 29,735
Cricket Operations 30,156 30,156
Coaching/Schools 80,835 80,835
Women & Girls 6,905 6,905
Management 957 957
Safeguarding 2,370 2,370
27,581 446,711 100,800 575,092

Unrestricted
funds Restricted Total Total
General funds 2024 2022
£ £ £ £
Events income 1,745 1,745
Sponsorship income 16,600 16,600 5,200
Hall hire 6,230 6,230 4,766
Groundsman income 26,771 26,771
51,346 51,346 9,966

Total Total
2024 2022
£ £
3,353 107

Unrestricted funds Restricted Total
Designated General funds 2024
Note £ £ £ £
Community 89,198 47,709 136,907
Clubs & Leagues 11,895 22,476 34,371
Cricket Operations 47,067 435 47,502
Coaching/Schools 14,158 46,338 120,774 181,270
Women
& Girls		 7,221 33,078 40,299
Management 7,443 546,057 13,087 566,587
Safeguarding 262 262
Grant funding of
activities 2,388 6,800 9,188
Governance costs 8 32,350 32,350
40,717 786,136 221,883 1,048,736

Unrestricted funds Unrestricted funds Restricted Total
Designated General funds 2022
Note £ £ £ £
Community 68,387 68,387
Clubs & Leagues 202,382 202,382
Cricket Operations 45,407 45,407
Coaching/Schools 55,139 74,216 129,355
Women & Girls 20,599 20,599
Management 110,104 110,104
Safeguarding 1,205 1,205
Governance costs 8 19,273 19,273
522,496 74,216 596,712

**Governance ** costs
Total Total
2024 2022
£ £
Independent examiner fees
Examination of the financial statements 1,000 990
Other fees paid to examiners 4,712 1,651
Bookkeeping costs 14,526 7,737
Depreciation charges 8,084 7,038
Finance charges 4,028 1,857
32,350 19,273

2024 2022
£ £
8,084 7,038

2024 2022
£ £
**Staff costs ** **during the period ** were:
Wages and salaries 673,314 365,379
Social security costs 49,160 25,408
Pension costs 15,778 8,777
738,252 399,564
The charity considers its key management personnel to comprise of the Trustees and managing
director.
The average number of persons (excluding Trustees) employed during the period was 40 (2022: 41).

13 Tangible fixed assets
Furniture and Computer
equipment equipment Total
£ £ £
Cost
At 1 October 2022 28,078 25,575 53,653
Additions 9,852 9,852
At 31 January 2024 37,930 25,575 63,505
Depreciation
At 1 October 2022 17,957 22,617 40,574
Charge for the year 5,261 2,823 8,084
At 31 January 2024 23,218 25,440 48,658
Net book
value
At 31 January 2024 14,712 135 14,847
At 30 September 2022 10,121 2,958 13,079
14 Debtors
2022
2024 £(As
£ restated)
Debtors 30,318 13,317
Accrued
income		 34,996 67,200
65,314 80,517
15 Cash and cash equivalents
2024 2022
£ £
Cash on hand 25 25
Cash at bank 508,194 447,182
508,219 447,207

2024 2022
£ £
Creditors 26,381 34,117
Other taxation and social security 124 17,612
Other creditors 3,055 5,336
Funding received in advance 35,534 41,978
Deferred income 33,333
98,427 99,043
17 Funds
Balance
at		 Balance
at
1 October Incoming Resources 31 January
2022 resources expended Transfers 2024
£ £ £ £ £
Unrestricted
funds
General
General
Funds		 271,697 799,561 (786,256) 3,600 288,602
Designated
The Pow Fund 7,000 (3,600) 3,400
Facilities
Strategy		 12,000 (7,443) 4,557
Proof of Concept 6,207 (1,912) 4,295
ECB Reward and
Recognition 9,374 8,400 (11,895) 5,879
Bradfords
Fund		 1,156 11,998 (5,309) 7,845
WPA Donation 25,000 25,000 p4,158~ 35,842
60,737 45,398 ~40,717~ ~3,600~ 61,818
Total
unrestricted		 funds 332,434 844,959 ~826,973~ 350,420
Restricted
funds
Chance to Shine 8,526 141,530 (120,774) 29,282
Women
and Gins
Development 62,359 (33,078) 29,281
Discovery
Fund		 100,800 (38,279) 62,521
Disability
Cricket		 2,000 (2,000)
Voluntary
Action		 North
Somerset 5,000 (5,000)
Sport England Together 2,430 (2,430)
Young Officials 1,000 (435) 565
Coaching
Bursaries		 6,800 (6,800)

17 Funds (continued) 17 Funds (continued) 17 Funds (continued)
Balance at Balance at
1 October Incoming Resources 31 January
2022 resources expended Transfers 2024
£ £ £ £ £
Equality,
Diversity		 and
Inclusion 16,667 (13,087) 3,580
Funds4Runs 8,700 8,700
Inspired to play 4,204 4,204
SEND 1,400 1,400
109,326 252,090 (221,883) 139,533
Total funds 441,760 1,097,049 ~1,048,856l 489,953
Balance at 30
**Balance ** at 1 Incoming
Resources		 September
**October ** 2021 resources
expended		 2022
£ £ (As restated) £ £ (As restated)
Unrestricted funds
General
General
Funds		 219,861 574,332 (522,496) 271,697
Designated
The Pow Fund 7,000 7,000
Facilities
Strategy		 12,000 12,000
Proof of Concept 6,207 6,207
ECB Reward and
Recognition 9,374 9,374
Bradfords Fund 1,156 1,156
WPA Donation 25,000 25,000
60,737 60,737
Total unrestricted funds 219,861 635,069 ~522,496~ 332,434
Restricted
funds
Chance to Shine 8,140 74,602 (74,216) 8,526
Discovery Fund 100,800 100,800
8,140 175,402 (74,216) 109,326
Total funds 228,001 810,471 ~596,712~ 441,760

Total funds at
Unrestricted funds Restricted 31 January
General Designated funds 2024
£ £ £ £
Tangible fixed assets 14,847 14,847
Current assets 351,127 51,694 170,712 573,533
Current liabilities ~65,094) (33,333) (98,427)
Total net assets 300,880 51,694 137,379 489,953
Total funds at
Unrestricted funds Restricted 30 September
General Designated funds 2022
£ £ £ £
Tangible fixed assets 13,079 13,079
Current assets 391,286 60,737 8,526 460,549
Current liabilities ~1OO,453~ (100,453)
Total net assets 303,912 60,737 8,526 373,175

Unrestricted Designated Restricted
funds funds funds 2022
£ £ £ £
As previously reported 305,297 60,737 8,526 374,560
Additional
grant		 income granted but
not received 67,200 67,200
Reclassification of income (100,800) 100,800
271,697 60,737 109,326 441,760