Company regt8tralion number. 07393280 ChaiSty regislratw)n number. 1194363 Somerset Cricket Foundation {A company limited by guarantee) Annual Report and Finan¢ial Slatemenls for the Year Ended 31 January 2025 ocm acmole Somers6t Crlcket Foundallon Contents Ref8r@nea and Adminl$lraliv8 Ogtails Trustees, R8POrt 2107 Independent Examin¢l$ Report Slatsmenl of Fin8nclal Activrfies Balance Sh88t 10 Statement of Cash FkJw5 Notes to the Flnancial Statements 121026 Somersot Crlcket Foundation Reference and Administrative Detalls Charity Rg9htratlon Numb)•r 1194363 Company Roglstratlon Number 07393280 The charily is incorporated In England and Wales. R•gl$tor•d Offie• Centre of Excellence The County Ground Taunton Somets&t TA11JT Ind?pendent Examlner ACMdeLLP Chartered Account8nts Stsfford House Blackbrook Park Avenu8 Taunton Somorsel TA12PX SolicitoTr: Tozers Broadwalk House Sovthomhgy West Exeltrr Devon EX1 1UA Pagg 1 Somer5et Cricket Foundatlon Trustees. Report The truste85. wk* are diréctOf5 for the purposes of company law, preseht the annual r8POrt together with the financial 5tatsmgnts and auditors, report of the charitable company for the year ended 31 January 2025. ObJ•ctlvo8 and activlti•• Our aims Relating directly to the objecis of the charity, the stralegic alms I￿sted belowl provide a framework around which operational delivery is planned. Sustair5 and develop a thriwng netsvork of clubs,. Develop, grow and divef5fy the volunlw workforce., Take cricket to our comrnunities make il a game for all., Proactively safeguard the game In Somerset.. Devetop the goltl stsndard in sports charity govemance; Reduce the dèpendence on ECB fundlng by broadenlng our Ino)me straam. Publlc benefft Somersel Cricket FoundatKJn %wrk to faalitate the plafvg and improvement of recr9allonal cricket in Somet5el as well as posillvely impacting Ihe local wmmunilies through cricket. The trustees confirm that they have complied with the r8qkMf8menls of section 17 of the Charities Act 2011 to have due regard to Ihe put41¢ benefit guidance published by the Charity Commission for England and Wales. TrustOe5 and offlcors The tNstees and officers serving during the year and sinc£ the year end were as follows: Mr Poter Winston Gor(k)n Dugurd Mr Palrfck m￿1• Iwigned 14 April 20251 Ms Jane Knowlas (resigned 10 March 20251 Mr Roggr Egglglon. Iwico Chair & Troasurerl Mrs Rebecca Rows¢)n Dr Habib Naqvi Ms Enima Gibson Christopher RaI￿1ngS (appO￿lted 1 Juty 2024) Chair.. Mr Peter Winsion G￿don D￿Ul￿ Mr Jonathan Bénd Secretary.. Structure, g0veMan￿ and managoment Incorporatlon The charitab16 Company was registered ￿th the Charity Commission on 6th Moy 2021 by Memorandum and Artlcles of Assoeiat¥)n and is a regislerad charity (No. 11943631. The registered office of the charitsble company and F￿ndation is,. The C8ntre of Excellence, The C(K)pors Associatss County Ground. Some￿et County Crickgt Club. Sl. James Street. Taunton, TA1 1JT. Page 2 Somersot CrlGket Foundatlon Trustees, Report (continued) The 808rd ha8 05tablish8d sub-committees with delegated powgrs SndtJdlTrg terms of r¢ference covering the foifowing areas: The Nominations & Remuneration Committee whlch includes oversight of ED&1 and govemance The Finance, Risk Man8gement & ALKlil Committee The Fundraising Committè The Safeguarding Committee Who we are and whal we do The Foundatlon alms to engage, inspbre and develop clubs and communitigs to improve people's lives through ¢ricko1. The objects of the Found8llon 115sle(I below) aTe for the benefit of Ihe putllc generally and. In particular the inhabitants of Somerset and 11$ $tsrrounding areas.. la) To pro￿te community participation in h90llhy recrealKJn by prO￿dIng fa(71ities for thè playing of and dovelopmenl of Crlcket and othèr sporis that are ¢apabl8 of improving he81th I'facililies, in th18 arlicle 1 means land. buildings, equipment and Organi￿ng sporting activities induding cxjaching and in8trLKtion). Ib) fo provwje and assist in providlng facilities for Ihe playing of and devplopmenl of the game of crtckel and other games or spori, on a recreational basts for the leisure limg occupation of svch persons who have need for su¢h facilities by reason of their youth, ag8. infirmity or dlsablement, poverty or so¢lal and economic arcum51ances, or for the public at larye, in the interest of social welfare, with tho object of Improving Ih61r conditions ol Ilfe. lel To advance the education of p90ple of all ago$ through such mgans e$ the Irustègs s•& fil., Id) To further $uch other exclusively chorktable purposgs a￿rdIng io the law of EnglarKI and Walos es the trustees se& fil from lime lo time. The Foundation is thè governino body for recreali¢Jnal crickel in Somers81 aThl works in the community lo deliver a range of heafth. education and ¢oh88ion and cricket devèfopmènt projects. programmes and events. Oryanlgatlonal $tructura including: The Standing Orders of th& organisation deady sel out the formation, management and operation81 aspects of the Board of Trustee5 and the overall deciston-making processes of the charity. R8cniilrn8nt and appolntmenl of trustees lThJLtction and training of trltstees How decis#)ns are made {Major ones and day-tfrdayl Four quart&rty Truste¢s meetings per yéar Pag& 3 Somerset Cricket Foundation Trustees, Report (continued) Flnanclal Instrum•nts ObJo¢tlves andpolldes The charitys activities 8XPOSg it lo a numbgr of financial risks including CTgdil risk, cash flow risk and liquidty risk. Cash now rlsk The chority's activities expose k prfmaiily lo the ftnanaal risk In fvndino from tho England Cricket Boarfl IECB} which is main sourco of income amounting to 43¥0 down frorn 50%. 8nd is paid to the charity monlhty. Cr•dlt rlsk The charltys principal flnanclal assets are bank balancès and eash, tradè and other Tècelvablgs. investments. The Charl￿S credit risk is primanly attribulable lo its trade recelvabl85. The amounts presented in the balance sheet are net of allowan￿ for doubtful receivables. An allowance for impaimient is made where therè is an identiffled Iw event which, based on previou$ exp8rieiiGe, is evidenGe of a re¢JuctiDn In the re¢overability of the cash flows. Llquldlty rtsk Further detail$ regarding liq￿dIty risk can be founcl in the St¥tomenl of a¢￿unting policies in the rinancial sl8tements. R•¥•rv￿ poll¢y The Trustees have sel the mhimum ￿Ve1 of reserves equiwdleFrt to lour months of thelr annLMI budget60 expenditure {indudiro restricted expenditu￿ } and this FO1￿Y is ￿VieWed annually. For 202&26 this amounts to £338,950. As 8t year end 2024-25 thè Foundation's actual reserves were higher at £439.561. over five months cover, of which £208.573 were flee reserves. F￿e ￿serVeS have been calculaled ag unrestric16d reserves excluding fixed assets. How8ver. the budgoled èxpondituro will indtsde a proportlon which r•lalo$ lo caryy forward balance$ of reslriclgd rgsgrv9S. Furlhermore. at 31 January 2025, the ¢harity held £65.301 of designated funds. These funds could be transferred lo unrestrfctod 96neral res8rve8 and usèd lo covèr the remaining expenditure. The truslegs take appropdate steps to ensure the levgl of reseTro8 Is approprtale basgd on their plans for the future a¢tivities ol the tharrty. Insurance for Trustees Personal Liabilty insurance in respect of Truslefys arising trom the oxecution of their on behalf of the Foundallon was In ￿ace throughout th& y8ar. Risk managomènt The Finance. Risk Management and Audit committ&$ und8rtak& the overall managèment of the Foundat*)n's risk registei wilh the managing director being responsible for the day to m8nagemenl. Thg risk r8gister has bwi reviewed lo reflect the Foundation's new st81us. The risk reglsler is 51anding item on Trustee's PA)ard agenda. Page 4 Somerset Crlcket Foundatlon Truslees. Report (continued) Thè Chalr wrltO8 Refi6rtions on 2024125 2024125 has been a year of good progwss. memorable momenls, and proud athievements. A¢ross all our delivery progr8mmes. Ihg Foundallon tta8 remained dedicated lo Its missioTrusing cricket as a powerful vehlcle for social change. Wg wntinue lo build and facilitate proyramrn8S that seNe children, young people, and adults across the county, ensuring broad accos$ and meaningful engagement witti the stth. A phrase Ihal has encapsulated our year is °Good for CriGkel and Cricket for Good. This guiding princip19 r¢fl8Gls our du#1 commitment: strengthening grassroots and recreational cricket. while ensurin9 the sport is used to enhance lives and bring communities together. Flnanclal revl•w The Foundation has attracted Income of £844.085 Sn 2024-25 compaied lo £1.097.049 In th¢ sixteen mor)th 2022-24 period and expenditure decreased from £3,048,856 10 £894.477. A deficit of £50.392 has been incurred In the year re(ludng the Ch8rllls reserves lo £439,561. Somè of thè acldlUon81 reseNes relats lo Income relaling lo proie¢lslprogrammes that will be carried out in the new financSal year. Last y8ar, the charty changed Its llnanciol year from 30th September lo 31st January lo colnclde wlth the ECB'5 financi81 year ano 10 81d financial planning as the ECB announco thoii fundlr streams ¢ach November and these accgunts reflect this change. For the year 2025-26 the charity is planning to spend to the level ol estlmated Income for that sear of £1,047,585 and maintain reserves al £338,950 in accordance with Ils reseryes policy. This will allow the charity lo improve, develop and implement it8 communicatlons, Ma￿ting. and fund-raisi Elrategy. Programme delivery and impact We a￿ proud to ba r8cognised by th8 ECB as a lea¢Ylng organisation in Safèguarding. Disqblllty. Workforce Development. Schrx)Is Dellvery and Facllity Operations. Through slrong partnorships with the ECB. Chance lo Shine, and Lord's T8Vgrners. our delivery team are experienced. passionate. and deeply ￿Mmitted, onabling us lo grow partlclpation and i￿reaSo opportunities throughout th8 county- In 2024r25, th& Foundation delivered a dive￿8 range of impactful programmfrs: Walkiry CrfckgL Sporting Memories, fog8ther In Sport, Walkers & Talkers. T81k Club Adu Disabilty Crlckel. These initiatlves go far beyond sport,. Ihey brlng people tcgelher. reduce i801811Dn, Improve mental and physical well-being, arKI foster lasting friendships. We are particularfy proud of our work older adults, people living w5th disabilities. and und8rrèprèsentèd groups, ensuring our delivery reflects the diversity of Somers81's communities. As we kxsk ahead. a key challenge is to embed our'crickel for Go¢Jd' programmes within communty club environmenls. Doing so will inu83se indusivity and help posib'on local dubs as cnmmunity hubs for Frt)sitive social interAction and change. Pag& 5 SaFners•t Crlcket Foundatlon Trustees, Report (Continued) Charltabh status and patherdhlps Sincg becomino a registered charily in 2021, Somerset Crbcket Foundgtion has bèèn lortunata to receive generous support from ¢ommerci81 sponsors and charitable organisalions. These partnerships have been inslwmentsl in hdping us dglNpr highquality programmes and expand our ach. We remain de6pty gratèful io 411 our partnèrs vA)o continue to believe in our vi8KJn 9t￿ support our work. Looking fofward, raising greatsr awarèness of the Foundation's impad r9mains a $tratsgiG oiity. Looklng lorward to 2025126 202W26 promises to be a year of great opportunity. One of the most exCI￿ng devèlopments is the expans￿ of Tier 1 Women's Cricket. wilh Somersel CCG ftèlding a professional women's 188m. This present8 a significant epw)rtunity to errfJ8g8 and InsFlre the next ggnoration of N%vm¢n 8nd girfs across the coufity. The Foundation's r8latlonshlp wfth SomBrs8t County Cricket Club rèmalns ¢)n8 of th8 strongèst In the county- Together, we are ctjmmltted ID devehjplng, plannlng, and dgllverlng Innov111ve and Incluslvg Cricketing opportuntii88 across Somerset. Acknowledgements We exlen¥J our Since￿ thanks lo our dedlcaled staff, volunteers, delivery partners, and Iruslees. Your ongoing commilment ensures that Somerset Cricket Foundation remains a18ader in c¥)mmunity sport and a beacon of what crickel can achi8ve. We ale also immerisely thankful to our commerci81 arKI community partn&rs for Ihair ¢cmllrtU8d support, bellef, and investment in o(tr mission. Page 6 Somersot Crl¢ket Foundation Tru$tees' Report (¢ontinued) St•l•m•nt of tru8ts08' rg$PtMslbllltl•g The trustees {who are also the dlreclors of Somersel Cricket Foundallon for Ihg purptsses of company lawl a￿ respoll5ible for preparing the trustees. report and the financial statemen15 in acctsrdance with ap￿ICable law and Uniled Kingdom AcLounling Standards, including FRS 102 'The Financial Rgporting Stsndard &pplicable n the UK and Rapublic of IrelarKI' (United Kingdom Gongrally Ac¢8Pted Accounting Practice). Company law r8qUimS th8 trustees to prepare financial statements for each financfjal year which gÉve a Ifue 8nsY falr view of the state of affairs of tho charilable cornpany and of Iho 5n¢ome and expandilure. of the charitable COFnpany for that perSod. In preparing these finandal stalernenls, the trustees are required to.. select suitablp accounting policle8 and apply them consistently., observe the mothod$ and prfnciples In Ihe Charill85 SORP., make judgements and estimales Ihal are reasonabl& and prudont. state whether 8pplicable UK Acuunting Stsnd8rds havo b9on follow8d, subject to 8ny material departures éisdosed and oxplained in the finanoal statem8nl$'. and prepare the fin8n¢lal statements on the going concefn basis unless it is in4)proprlal8 lo presume that the charitsble company wll continue in business. The twstèes a￿ responsible for rTraintslnlng p￿P￿T accountlng records which disclose with reasonable accuracy 81 any lime the linancial position of the tharifable company and enable them to ensure Ihat th6 financial statements comply with th& Companies Act 2006. They ar& also responsible for safeguarding the assets of the ctharitable cornpany and hence for tsking wasonable steps for the pr•venlion and deleclion of fraud and oiher irregularities. The trustsgs are re5ponsibEe for thg maintenanc¢ and integrlty of Ihe CO￿orate and finandel information included on the charitabl8 company's websSt8. Le9151atlon in th8 Uni18d Kingdom goveming the preparation and dissemination of financkil slalements may differ from legislation in other juri$(thclions. The annL¢al report was approved by tho trusteès of the chartty on behalf by.. and slgn8d on Ils Mr Peter Winston Gordon Dugtsh Chaimèn and Trusteè Page 7 Somerset Cricket Foundation Independent Examiner's Report to the trustees of Somerset Cricket Foundation (Yhe Company.) I r&port to tbe charity tNst8es on my examinats.on ol the accounts ol thè Comp8rty for Iht period ended 31 January 2025. Responslbllltles and basis of report As th8 L*arty's tFUSt8eB ol th8 Cornpany lan£S also its dir*tots for tha purposes ol cyjmpany law} you are responsRJle for the preparatiw of the 8Lrounts in bCCLKdance the requirernents of the Companies Act 2006 {Ihe 2008 AGt'I. H8￿Ing sallsfied myseff that the acLounts of Somèrgei Cricket Foundation *• not required to ￿ audwad under Part 16 tsf Ihe 2006 Act Énd are eligible for independent exèrnination, I reF•)rt in resped of my exarninal￿ of your th?rty's aetLunts a5 eath6d twt undèr $6Ction 145 of the Charitles Act 20111.ihe 2011 Aa'i. In carrylng o my examination I have followed the Dl¥8ctions oth) by Ihe Charfty Commlsslon under sectton 143ISKbl of the 2011 Act. Ind•pgndent •xaffllner'fj stat8rnewrt SIrn￿ the Comp8nls gft)$8 In¢ome excgeded £250,000 your examlner must be g member of o body Ilst¢d In seclton 145 of thè 2011 Acl. l oonfimi Ih811 am qualrfied 10 urKlèrtAk• th& examinalioTr because l am a member of In8titutg of Chartarod Accountants England and Wales, which Is one of the listed bodles. I havo comp￿ted my ex8rninathon. I confirm that no matters have come to my attenli¢n in connects'on with Ihe examination yiving me ettuse to believe.. 1. accounting rKord$ not k$pi In rgspgd of Somarw Cric*•t Foundats"on as roqulrgd by sectlon 386 of th£ 2006 Acl., or 2. th8 accounts do not 8ecord with th¢)se records: or 3. the accounts do not ¢umpty the aco)unling requ1￿Ments of secllon 396 of Ihe 2￿6 Ad other than any requlrement that the accounts give 8 'true 3nd falr w￿.Ch 18 not 8 m8tt8r considered as Part of an IndgpeTrdent oxÈminafjon,' or 4. the awounts have ngt bggn wepared in accorda￿9 with the m8thod¥ and principlej of Ihe Statgrnonl of Re¢¢)mm8nd8d Practice for 8￿￿UntIng and reporting by ch8rities lapplic8ble to chantie5 prepÈring thvir accounts in accordan¢g vthh thè Finandal Roporting Standard apF4icable in the UK and ReputAS¢ of IrekNI IFRS 10211. I hav9 no con￿M$ and have comè xross no other matters in (x)nne¢tion wth the exarninalion to which altenknon sho￿￿ be drawn in this report in order to enabl8 a prop8r understanding of the 8ccount8 lo be reèth8d. Michael Cook Bsc FCA A C Mole LLP Chartered AcGountants Stafford House, Blackbrook Park Avenue Taunton. Somerset TA12PX Page 8 Somerset Cri¢ket Foundatlon *atement of Financial Activities for the Year Ended 31 January 2026 (Includlng Income and Expenditure Account) Unr•strictod Restrlcted funds nds T¢Aal 2025 Incomo and Endowmonts from: Donallons and legaclgs charitab￿ activiti&$ Olher trading acliviti8$ Other incomo 30,887 501,373 39.830 6,339 64.000 201,656 94,887 703.029 39.830 6.339 T*Jtsl incomè 578,429 844,085 Expondlture on: Charitabk a¢lNitks 580,467 314,010 894,477 Total expenditure 1580,467 314,010 894.477 Net expenditure Transfers bètween fund8 (2,038) 142.061 148,3541 42.061 150,3921 Net movement in funds 144,0991 16,2931 150.3921 Rocortlllatlon of furtds Totsl lunds brought foN40rd Total lunds carri￿ forward 350.420 139.533 489,953 17 306.321 133,240 439.561 Unr&stri¢ted funds R8strlctod Total 2024 Nots Incoffle and Endowmonts from.. Donations and legacies Charitable aclNities Other trading activilles Other incom8 72,344 717,916 51,346 3.353 12.000 240.090 84,344 958.1)06 51,346 3.353 Total in￿rne 844,959 252,090 1,097,049 Expenditure on- Charitable 8clNtttes 826,973 221,8831 1.04B.858 Totsl expenditure Net in¢om8 826,973 221,883 1,048,856 17,986 30,207 48.193 Net movement in funds 17.986 30,207 48,193 Rgconclliatlon of funds Total fvnds brought forward Total lunds carrfed forward 332,434 109,326 441,760 17 350,420 139,533 Al of the charity's activilies d9rive frorn conlinuirwJ operations during the above periods. The fund$ breakdown foi 2024 is shown in note 17. 489 953 The notes on page8 12 to 26 form en integral p8rt of these finanual statements. Page 9 Somerset Crlcket Foundatlon (Registration number: 07393280) Balance Sheet as at 31 January 2025 2025 2024 Nota Fix•d ass•ts Tangible assets 13 23,202 14,847 Current a￿ets D8btOTS Cash at bank and in hand 14 15 33.686 454,816 488,502 65,314 508,219 573,533 Creditors- Amounts falllng du• ￿thIft ono yoar Not curront assets 18 72,143 98,427 416,359 475,106 N•t ass•ts 439,561 489,953 Funds of tho charity: Reslrlcted Funds D8sKJnatsd Funds Genoral Fund$ 133.240 65,301 241,020 139,533 61,818 288,602 Totsl funds 17 439,561 489,953 For Ihe financial year ending 31 January 2025 the charity was en￿tle￿ to exemption from audil under secb'on 477 of Ihe Companies Acl 2W6 ￿latift9 to small companies. DirectQf8' iesponsibS1ities'. The members have rKIl requlred the charity lo obtain an audll of ils aw)unts for tho year In qu&sllon In accordance w5th sectkjn 476,. and The liance with constitutional and statutory quirÈm8nts, including audit, strategic managem&nt and trus16es rneelings and ￿1MbUrSed expenses. Irfecovernble VAT Irrocoverable VAT is charged against the catggory expendilure for which il was incurred. Page 13 Somerset Crlcket Foundatlon Notes to the Flnan¢ial Statements for the Year Ended 31 January 2025 (contlnued) 2 A¢¢ountlng pollclss (¢ontlnuedl Taxatlon The charity 15 a registered charity and 15, therefore, exempl from liabTlity to tsxation on il's income and egpil81 gains, to th8 Oxtont that such income oi oains are Appl￿ exdusiv8ty to tharitable purposes. D#prèel•tlon and amortlsatlon DeprecK?bon ks provided on tangible ffxed assets so as lo wri19 off tho Cost or valuation, less any estimated res￿￿01 valug. ovw Ihgir gxpectod useful 9¢￿OrniC lifg a$ foll¢)w$= Asset class Office equipment Computer equipment Plant & rnachin8ry Depreclatlon method and rate 200A on reducing balance 50.ts on cost 250A on reducing balance Fund structure Unrestricted income funds are general funds that are available for use al the trustees discretion in furtherarsce of the obj&clives of the charty. Dosignaled lund$ are unreslrthd funds sat asKl& for specific PUfPOSeS at Ihe discreknon of the trustees. Restricted income funds a￿ those clonaled for use in ? particular area or for speThfic purposos. Ihe Uge of which is rastricted lo thal area or purpose. Critical accounting judg•m•nts and éstlmatlon uneertalrnty The preparath)n of the financial statéments in conformity wth FRS 102 r8quire$ management to make judgements. estlmates and assumptions that affect the application of poI￿leS and reported amounts of assets ancl liabilities, income, and expenses. Estimates and ludgemènts are conUnu811y evaluated and are based on historical experience and other factors. including expectations of future events that are bdieved lo be reasonable under the circumstances. The chadty makes eslim8tes and assumptions GonGerning the lubJre. The resulkn'ng a￿0￿￿tIng 881imatas will. by definition. selc>)m equal the relatèd actual r88uIts. The Trusleas are of th? oplnion that Ih8rè are no estimates or as$umption6 that have 8 signlflcant risk of causing a material adjuslmenl lo the carrying amounts of assets and liabilititss within th$ next financial year. Page 14 Somerset Cricket Foundatlon Motes to the Financial Statements for the Year Ended 31 January 2025 (continued) 3 I￿oMe from donatlons and l&g•cles Unr2¥trlded fvndB Deslgnatsd General Restrlcted Totsl 2025 Donation5 Clowance charitable trust Piojecl funding 5,887 34,000 10,000 20.000 39.887 10,000 45,0¢)0 25.000 25,000 5,887 64.000 94.887 A notg showing a breakdown of Ihe comparatlve 56 included below. Unrestrl¢t•d funds Designated Gqngral Regtricted funds Total 2024 Donations Disability grant Income CloWan￿ charitable trust Project fvndlng 12,344 12.344 2.0 10,000 60.000 10.OCM) 25.000 35.OC() 25.000 47.344 12.( 84,344 4 Income from charitable acllvlties Unrostrlcted funds D•$ignatgd General Restricted funds Total 2025 E W Cricket Trust funding Other ECB fundl Community Clubs & Leagues Cricket Operalion8 CoachinglSchoDI$ Woman & Girf8 Safeguarding Chance to shinè Eqyalty. dI￿r$MY and Induskjn 258.782 39,736 2.100 10,900 298,518 2,100 72,312 14,408 20,815 89.428 55.788 740 110,747 61.412 14,408 20,815 89.428 55,788 740 110,747 38,173 38,173 703,029 501.373 201,656 Page15 Somerset Crlcket Foundation Notes to the Financlal Statements for the Year Ended 31 January 2025 (conllnued) 4 Income from charltablp aGUvltles {¢ontlnuvdl A nol& showing a breakdovm of Ihe Comparative is included below. Unr95trictod funds D•slgnat•d Genoral R￿trIct•d fund5 Total 2024 E W Crick8t Trust fjJndlNJ Other ECB funding Community Clubs & Leagues Cricket OperalKJns oachinglschools Women & Girfs Safeguarding Chance to shine Equality, diversity and Indus¢on 8,400 355.eoi 26.260 61,696 18.174 73,628 155.889 5,550 720 384,￿7 84,223 87,826 18,174 81,428 155.889 7,548 720 141,530 57,963 16,130 10,000 7,800 1.998 141,530 16,867 16,667 20.398 697.518 240.090 958,006 5 Income from other trading aGliviti95 UnrestrlGtgd fvnds Doslgnatsd G•n•ral R¢$tricte fund5 Tot 2025 Sponsorshlp incom8 Hall hire Groundsman Income 21.284 3.184 15.362 21,284 3,184 15,362 39,830 39.830 Unrestrlcted funds Designated General Re5tr1cted funds Total 2024 Events Incom& Sponsorship income Hall hire Groundsman incorne 1.745 16,600 6,230 26.771 1,745 16.600 8,230 26.771 51.346 51,346 8 Other In¢om• Tolal 2025 Totil 2024 Bank interest received 6,339 3,353 Page 16 Somersét Cricket Foundation Notes to the Financlal Statements for the Year Ended 31 January 2025 (continued) 7 Expendllure on ¢h•rltabl¢ a¢tlvltles Unrestrlcted furKI8 Deslgnated Goneral ReStrI￿ed funds Tgtsl 2025 Notg Community Clubs & Leagues Cricket Operations CoathirvJlSchool$ W(wnen & Girls Managemgnt Safeguarding Grant fvjnding of activities Governan￿ c08ts 31.971 15,811 2S,698 26,323 16,065 413.884 494 98,724 3,626 2,478 86,663 13,899 106,182 130.695 25.818 28,176 127,744 32,650 520,135 6.361 14.758 2,686 69 3,360 22,967 55e,573 2,438 5,798 22,967 894,477 23,894 314,010 A note showing a breakdown ol the comparalSve 18 induded below. Unrpstrlcted funds D•signated Genernl Re$tri¢t fund$ Total 2024 Not• Comm¥Jnty Clubs & Leagues Cricket Opfyrations C08chinglS¢hools Women & Gids Management Safeguardlng Grant fvnding of activities Gov8manc8 wsts 89,198 22,476 47,067 46,338 47,709 136.907 34.371 47,502 181,270 40.299 566,587 262 11,895 435 120,774 33,078 13,087 14,158 7,221 7,443 546,057 262 2,388 32,350 6.800 9.188 32,350 1.048,736 40,717 786,136 221,883 In addil¥)n lo the expenditure analysed above, ther8 8r8 also governance costs of £22.967 {2024 - £32,350) which rglat8 directly to charltable athvllles. See note 8 for further deto11 Page 17 Somers6t Crlcket Foundatlon Notes to the Financkal Statements for the Year Ended 31 January 2025 (continued) 8 Analysls of govem•n¢e and support Costs Governance costs Total 2025 Totsl 2024 Independenl 8xamln8r fegs Ex8min81ion of lh& financial statements Olher fees paid to examlners Bookkeeping cosls Depreciation charges Financg charg9$ 1,464 3,810 9,692 5,155 2,846 7.000 4,712 14.526 8,084 4,028 22,967 32.350 9 Incomlngloutgolng resour¢g$ Net lexpendilurellincome resources for the year inchjde: 2025 2024 Depr8cialion of fix8d 4$sets 5,155 8,084 10 Trustees remUThern￿on and expenses During the yaar £1,15312024= £843} of out of pwxket ex￿￿$98 wer& reimburseij lo ￿012024.. three) Trusle8S. Rolatgd party tr4n$actlon$ The CEO of Somerset County Cricket Club Is 8n observer on the tharivs board. The Char￿￿$ office facilities ar8 ront8d from Somerset County Cricket CIL*J aach year £24,650 which includes and additionol amount of £4,650 refloct increases in utilily ¢osis. T&lephon8. wifi services and HR servicas (since June 20231 are provided by the main C￿b, which incurs the costs direcvy. Commercial facilities owned by the club and used and hired by the charity (for example, CO￿rate boxes for rneelingsl. No other relate(I p8ty iransaclions to￿ placa dvring the year12024'. n¢)nel. Page 18 Somerset Crl¢ket Foundatlon Notes to the Financial Statements for the Year Ended 31 January 2025 (continued) 11 Stsff costs The aggTegalg pwoll costs war¢ as follows.. 2025 2024 Staff costs durlng tlJ• y•ar w4r•'. Wages and salar￿9 Social secjjrily costs Pension costs 568.963 42.479 14,328 673,314 49,180 15,778 625,TlO 738,252 The tharfty conslders ils key managemènt pèrwnnel lo comprise of the Tru$te88 arnl mwaging dlrector. The average wmber of persons lexdudlng Tn¢slees) ern ￿0Yed durfng the perEod was 39 {2024: 40}. No omployg0S fjorngd £60,000 per annum or more (2024: ¢)nel. The nurnber of employees whose emoluments lett wlthin the followlng bands wag: 202S No 2024 No £70,001- £80.000 The total employee benefits of tho kay management personnel of the charity were £69,291 12024 - £89.8001. 12 T8xatlon The charity is a registered thaiity and Is therefore 8xempt from taxation. Pag8 19 Somersèt Crlck8t Foundatlo Notes to the Financial Statements for the Year Ended 31 January 2025 (contlnuod) 13 Tanglbl• fix•d ass•ts FUrni￿re and equlpm•nt Computèr •qulpm8nt Total Cost Al l February 2024 A(Jditions 37,930 9.981 25,575 3,529 63.505 13,510 Al 31 January 2025 Dgproclatlon At 1 Febru8ry 2024 Chafge for the year At 31 January 2025 47,911 29,104 77,015 23,218 3,906 25,440 1,249 48,858 5,155 27,124 26,689 53,813 Net book valu• At 31 Januory 2025 Al 31 January 2024 20,787 2,415 2J,202 14,712 135 14,847 14 D•btor¥ 2025 2024 Debtors AeLrued income 23,686 10.000 33,686 30.318 34.996 65.314 15 Cash and cash équlvalents 2025 2024 Cash on hand Cash at bank 25 454.797 25 508.194 454,816 508,219 Page 20 Somerset Crlrket Foundation Notes to the Financial Statements for the Year Ended 31 January 2025 (continued) 10 Crodltors: amounts falllng due wlthln on¢ year 2025 2024 Creditors Oth81 taxation and social security Other crèdilors Funding received in advafic8 Deferred income 45,144 11.143 3,344 10.092 2,420 26,381 124 3,055 35,534 33,333 72,143 98,427 17 Fund$ B¥bn¢e •1 1 February Incomlng Resoure•s 2024 resources •xpended Balan¢e at 31 January 2025 Transfor8 Unr9$t¥l¢ted funds Genor•l General Funds 288.602 540,717 1556,5731 144.438) 228,308 Doslgnated Thg Pow Fund Facilities Strategy Pr(N)f of Concept ECB Reward and Recognibon 8radfords Fund WPA Donatlon 3,400 4,557 4.295 1261 1431 12,6861 3,374 14.5141 6,891 8,5 5.879 7.845 35,842 14,2961 (2,085} 14,758 23,894 1,583 5.760 46,084 25,000 61,818 25,000 2,377 Total unrnstrktsd funds 350,420 42,061 565,717 293,609 580.467 R8strlcted fund8 Chance to Shine Women and Glrfs Development Diswvery Fund DSsability Crickél Young C)fficials Cooching ButsarÈs EDI SW Pilot Role Funds4Runs In$pired lo ptay 29,282 110.747 1113,5571 26,472 29.281 62,521 34.019 165,878) 128,1301 133.3071 11,0471 {2,9491 136,8261 13,0981 {8551 2,578 34,391 9.0 24,307 565 3,450 38,173 501 4,927 5,602 3,349 3.58Q 8,7C 4,204 Page 21 Somersot Crlcket Foundatlon Notes to the Firtanclal Statements for the Year Ended 31 January 2025 (contlnued) 17 Fund$ (¢onllnu¢dl Balanc• at 1 February 2024 Balancè al 31 January 2Q25 Incomlng resources Rosaurc•B expended Transfers SEND Walking Cricket Nalional Loltery Funding Co8chlng and Slaff Training National Programmes Grass Pitch Improv8ment Fund Sporting Mamorlas EC8 Workfor¢o Dèvèlopment Fund WPA Kit Fund EDI Dislribullon Funding 1.400 2,100 5,000 20,000 12,1331 19,8331 1,367 4.833 20,000 3,450 2,870 3,450 11,2261 2,400 1,000 {2,4001 110,8611 9,861 3.500 7.500 22.447 (4701 11.4401 3,030 6,060 22,447 139,533 265.656 314.010 42.061 133 240 Total funds 489 953 831 373 894.477 Pag6 22 Somerset Crlcket Foundation Notes to the Financial Statements for the Year Ended 31 January 2025 (continued) 17 Funds Icontlnued) Balan¢¢ at l Octob•r Incomlng R*$our¢os 2022 rg$ources expended Tran$f•r¥ 8alan¢e at 31 January 2024 Unr•strl¢ted funds General Gen¢ral Funds 271,697 799.561 1786,256) 3.600 288,602 Doslgnoted The Pow Fund Facllilles Strategy Proof of Concept ECB Reward and Recognltion Br8dfords Fund WPA Don8tion 7,000 12,000 6,207 9,374 1,156 25,000 60,737 {3,6001 3,4 4,557 4,295 5.879 7,845 35,842 17.443) 11,912) 111,895} 15.309) 14,158 8.400 11.998 25,000 40.717 3,600 61,818 Total unrestrfctèd lunds 332.434 844,959 826,973 Rostrleted funds Chance lo Shine Women and Gid$ DevebJpmenl Discovery Fund Di8ability Cricket Voluntary Action North Somerset Sport England Togother Young orfioals Coaching Bursaries EOI SW Pilot Role Funds4Rvns Inspired to ￿8Y Send 8,S26 141.530 (120,774) 29,282 62,359 133,078) 138.279) 12,000) 29.281 62,521 100,800 2.000 5.000 2.430 1.000 6.800 16.667 8.700 4.204 1,400 {5,0001 {2.4301 14351 (6,8001 113,0871 3,580 8.700 4.204 1,400 139,533 109,326 252,090 221.883 Total funds 441.760 1,097.049 {1,048.856 489,953 Page 23 Somerset Crscket FoundatioTr Notes to the Flnancial Statements for the Year Ended 31 January 2025 (Continued) 17 Funds (contlnuedl The sp8cific ptJrpose8 fOrw￿Ch Ihe fv*nd8 ar& to be atwied are as foltows.. Chance to Shine.. lo regenerate wmpetitNe GriGko1 and trxhig ils educational benefits to primary ?TrJ secondary schools in the ccrtjnty. Women and Gid$ Developmenl., Ihis is a sptrcrfic growth area for thg dgvèlopment of thg Charity. This fvnd¢onsist of reslriLXed funds received in Ihe support of this key work from both the Cb)wance Trust. ECB and Higos. 05s¢r)very Fund= this is our adult di5abillty programme in partnership wth Someisel Communtty Foundation. The dellvery rea￿￿nIS are Day Care Providers acYtss$ Somerset. Thls 1$ a fundod three year programme. Olsabllity Cricket: the charity delivers to young peopl3 wlh disabilltie$ on our Lords Tavemer5 programme through our Svper 1s and SEND 8chools delivery. Voluntary Action North Somersel.. this is reslricled funding for the ddEvery of thg tharflls relugee an dlsplaced persons programmg In North SomerseL Sport England fog?th8r.' this is restricted fu￿lIng to support the charivs displaced persons programme in North P&th?rton the Active PartheT8hip. Young Officials.. funding r8ceiwd for the dovglopm8nt ol ￿Ung peopl8 in qualifyng with crickat qualrfications. Coaching 8ursarres.' rgstrlcted funds lo supportlng people gair)ing fomial qualfflcalions In crScket from the ne￿ork. spgcifically largetiNJ females. disabillty, and elhnicaNy diverse individuals. EDI SW Pllot Role.. thls role s￿Ports partlclpalng cDunties wilh adv1￿ and gUktan￿ on discrimination matter5, through both reactive and proactive work. unds4Runs.' restricted fundlng to support fvrt17er del￿ry of disabilty crickel wthln specif1¢ club s8thngs. Inspired to Play.. funding fram the ECB to amplfy new athity in dub* SEND.. cor8 funding from Lords Taverner8 lo suppcrt educational delivery. Walking cr￿k￿l-. a programme to support older people through phyBical activty. wo11-being and cohesion. Aimed to address l¢Jneliness. Isolat￿ft ond whJ8r hèalth chall8ng8s. A programme now with 11 hubs across Somerset. National Lott8ry Funding.. Cricket Connect.. 'Boo$ting Activity. Redueing I￿atiOn. Enhanryng Wellbeing. through the delSvery of Walkgrs & Talkers and Sport6n9 Mgmories. ctsach￿g and Staff TraIni￿- the provi6ion of continuous personal development for staff. Na￿Onal Programmes.. this Is an inltlatlve from the ECB to promote and devekjp cricket in children and young people aged 5-11 years old. Page 24 Somerset Crlcket Foundatlon Notes to the Financial Statements for the Year Ended 31 January 2025 (contlnued 17 Funds (¢ofitlnuod Gra88 Piteh Improvement Fund.. a programrne aimed to improve Ihe quality of natural turf pitchgs. With support and guidance provtded to dub volunieers from grassrool clubs on the best way lo develop better quality pitches. Sporting Memories: thig new community inili81fve aims to bring PgDple of retirement age togethw lo reminisce about provious mamories, experien¢8s or moments in their liv￿ through th8 powgr of Sport. Sports memorabilia, past sporting events, physical activities. quizzes and guest sp8akers are usod io create dtscussions around sporting events and memories. ECB Workforce Development Fund.. th15 fund is specmcally almed at devetoplng match oifieials in crlcket, both umpires and scor8rs. WPA Kil Fund.. WPA h8ve kindly prowded a fund to Support Primary Schools wilh KAaying equSpment ID enable the sustsinability of cricket in education setlings. EDI Distribution Funding.. Central funding from the EC8 to support an annual delNery plan that supports EDI inilialives Bnd progr8mmes In the cc*nmunlty. The Pcw Fund". charitable donation lo the Foundation from Th8 Pow Family, to SUFV)rt prol8cts Ihal support Ihe community. Faalities Fund.. cenlral funding from the EC8 for the developmant and dglivgry of a Fac11t￿$ Slrategy for SomerseL Proof of Concept.. cgntral funding from the ECB for dellvery of Socondary Schools Crt¢ket through the 'PToof of Concept, programme. ECB Volunteer R8ward & R8cognlllon: fuThY lor the dellvery of the Grassroots Crfcket Awards 22123, for the recognition to volunteers within the club netY￿rk. Bradfords Fund.. spon$oTshlp ftjnd from Brarjfords 8tsildlng Supplies that delivers a junror communty ¢rickg1 picoramme across Somersel. WPA.. donation from WPA Benevolent Foundation to support thè ddivèry c)f ed¢ket lo young people across Somerset wlhin education. 18 AnaEysi$ of net o¥sets between funds Total funds at 31 January 2025 Unrestrict¢d funds Gen￿al DgSiBnated Regtrictgd funds Tangible fixed assets Current ass818 Current liaf)ifities 23.202 287,541 89.723 23.202 488,502 65.301 135,660 2,420 Totsl ngt assets 241,020 133240 Page 25 Somerset Cricket Foundatlon Notes to tha Financial Statements for the Year Ended 31 January 2025 (continuad) 18 Analysls of net bssetB between funds l¢ontinued Total lund5 at 31 January 2024 Unrnstrietad funds General Deslqnated Re$trlcted funds Tangibb fixed assets Curr$nt assets Cltrrenl liabilities 14.847 338.849 65,094 14,847 573,533 98.427 61,818 172,868 33,333 Totsl nel assets 288.602 61,818 139,533 489,953 Payè 26