CharFty r•glStr8tion nymbor 1196719 (England and Walos) Company roglstratlon numbor 07155137 GLOUCESTERSHIRE CRICKET FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
GLOUCESTERSHIRE CRICKET FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees R SAhmed P Boormar) P Carter NRHill J D Hopwood J E Khawaja M K Lambert C J Nob&s A J Parsons S Ruscoe A Shield Secretary P Carter Sonlor management Steve Silk Chief Executive Officer Charity number (England and Wales) 1196719 Company numbor 07155137 Reglgtered office The County Ground Nevil Road Bristo1 Avon England BS7 9EJ Audltor B K Plus Audit Limited 6 Manor Park Business Centre Mackenzie Way Chellenham Gloucestershire GL519TX Bank¢rs Nalwesl Bank 45 - 49 Broadmead Brlslol BS1 3EU
GLOUCESTERSHIRE CRICKET FOUNDATION CONTENTS Page Trustees report Independent audil0rf3 report 13-15 Sl8temenl of financial activities 16 statement ol financial position 17 Slalemenl of cash flows 18 Notes lo the tinancial statements 19-29
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Th@ Trustees present their annual repDrt and financial slalem8nls for the year ended 30 Septemb8r 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and corllply with the Foundation's governing document, the Compsnies Act 2006, FRS 102 'The Financial Reportlng Slsndard applicable in the UK and Republic of Ireland and the Charllies SORP Accounting and Reporting by Charities.. Slalemenl of Recommènded Practice applicabla lo Charities preparing Ih&ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Obj•¢tives and a¢tivwtl06 The Foundation is the governing body for recreational cricket in Gloucestershire and works in the community to deliver a range ol health, uCatIon, community cohesion and cricket developvnenl projects. programme8. and events. The purpose of the Foundation is to Improv• liv•s through th• pow•r of crick•t. INe want lo inspire Glou¢eslershire lo say 'Gricket is a game foreveryone,. We believe cricket is uniquely placed lo bring communities together, inspire lifelong friendships, improve health & wellbeing and deliver social impact. To meet our purpose, our vision is lo put bats and balls in mtsro poople's hands. We want cricket to become the mosl inclusive sport in Gloucestershire by inspiring every generation and community to feel they belong in the game. The Objects of the Charity are for the benefit of the public generally, particularly the inhabitants of Gloucestershire and ils surrounding areas, including the City of Bristol". to promote communily participation in healthy recreation by providino or assisting in the provision of facilities for the playing of and development of ciicket and other sports that are capable of improwng health I'facililies, In this article means land. buildings, equipment and organising sporting activities including coaching and inslruclionl and by wtsrking lo increase levels of participation in sport and physical 8clivily, particularly among members of socially and economically disadvantaged communities the Area of Benefit., lo provide and assist in providing facllities ltsr the playing ol and development of the game of cricket and other games or sport, on a recreational basis for the leisure Ilme occupation of such persons who have need for such facilitie5 by reason of their youth. age, infirmity or disablement, poverty or social and economic circumstances, or for the public al large. in the interest ol social welfaTe, with the object of improving IheiT conditions of life, and as a means of reducing the incidence of antl-social behaviour among members of socially and economically disadvantaged communities in the Area of Benefit., 10 8dvance the education of people of all ages through such means as the Trustees see fil., lo promote social inclusion lor the public benefit by preventing people from becoming socially excluded, r61ieving the needs of those people who are socially excluded and assisting them lo integrate into 8ociely. For the purpose of this clause 'socially excluded, means being excluded from society, or part of sociely, as a resLJII of being 8 member of a socially and economically deprived community in the Area ol Benefit,. and to further such other exclusively charitable purposes according lo the law of England and Wales as the TrLislees sée fi'l from lime lo time.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Relating directly to the objects of the charity, our work is aligned lo the Inspiring Gloucestershire slral&gy and the ECB'5 county partnership agreement. The key pillars of our strategy are.. 1. Creating and 8UPPOrting • strong network of clubs. leagues, oifici8ls. coaches and volunteers, 2. Making cricket more accesslblg by inspiring people of all eders, ages, elhnicilies and abilities lo gel involved. 3. Supporting the performance pathway? helping talented players fulfil their polenlial. 4. Getting more peoplè actlve lo reap the health and mental wellbeing benefi18 of cricket. 5. Using cricket as a powerful platform lo brlng eommunltles together and bre8k down social barriers. 6. Taking cricket lo und&rserved people in difficult areas of our communities to engage new and divarse group5. Achlevements and performan¢• E8ch of the plojecls and programmes delivered by the Foundation between October 2Q23 and Seplember 2024 directly contributed lo al least one of the pillars of the strategy and had a clearly defined and measurable outcome and series of ambllions. Much like the previous 12 mointh period. the Foundation once again had an iwredible year both on anLI L¥ff the pitch. The charity perlorms such a wide range of 8Ctivities lo achieve ils obje¢lives ranging from delivery in schools, lo the running of junior and senior leagutss, to the developm8nl of volunteers, lo providing hol meals for children during holiday periods. ECB Priorities Much like 2023, thè work and dedlcallon that has been pul in by the Foundation has been recognlsect by the ECB, who during the recent annual Performance Review Process (Dec 41, informed the Foundation that il w£s once again a leading organisalion in more areas than any other county 8¢ross the country, leading in the areas of Equity Diversity & Inclusion, Governance, Cricket Workforc8, Women and Girfs Participation, Facilities operalSons and thè Disabilily Pathway. No county has ever been a 'Leading Organisalion, in 6 areas of the ECB'S work. so the team can be rightly proud of their achievements. Our work on the ECB KPI'S - sadly the la81 year of thes? being in place - has once again been hugely positive and whilst we see a small financial reduction on the previous year, the achievement by the team has once again been staggering. To 'be on par, 2.4Q/o is our market share score, the p&rcenl8ge tha ECB expect us lo be al if we were lo work in line with th8'size' of our county. Again though, we have overachieved in all 5 areas, and this year we see.. Further grothrth from 4.4 /0 lo 4.50/ts of market share in 10181 National Programme numbers Further in¢re8se in Girls, National Programme numbers from 4.80/0 10 4.90kn. Huge praise musl go lo Chris and the delivery team for making this happen.....againl Maintaining our markelshare in Trained Female Coaches at 3.80 Maintaining the number of Junior Teams we have across the county, al 3Vo. A small decre8ge in Girls Sections, seeing us al an incredible 4.64/0. Vvhllsl the market share decreased the lolal number of club8 with girls, sections actually increased. All in all, it seos GIDuceslershire have a national market share of 4.2%, meaning that for the four years Df the KPI'S belng in place. we have come out on lop each year. with again 8 75Qkn over indexing. An incredible achievement over the 4 year life span of our slralegy.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEE5 REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 AREAS OF WORK TO LOOK BACK AT WITH PRIDE FROM 2024 National Pro9rammes Vvhilsl being the 14th 'biggesl' county in the country, the Foundation's work over indexed in all priority areas. As in 2023. the numbèrs ol sign-ups to the National Programrnes of All Stars and Dynamos Cricket was once again considerable, with GIoucE51ershire 8nding up with the 4th greatest overall number of female sign ups114801 and 4th highest overall lolal number of children participating across the programmes145821- something that when you think of the size of counties of Yorkshire, Lancashire, Wales, wal¢ksh1re, Surrey elc. you realise what incredible results they were. The National Programme figures included delivery at 81 ¢rickel clubs, bul also a growing number of community programmes, oflen In holiday periods, aiming to give frèe bursary places to young people from low socio-economic groups anLÉ those on free School meals. Reaching children who do not normally get th& chance is such an important area Df our work, and our hope is that by giving great experiences lo the young people, that they may choose cricket in the future but more than that. they may see that physical activity can reward them with so much that they Continue lo be active. National Programmes al clubs and ¢ommunily sellings weTe heavily supported by the c>ften unseen, day lo day work in primary and secondary schools. Lazy journalism often slate5 that cricket is dead in stalè schools bul through delively across the programmes of GCF Active Futures, Bristol Sport 'Forever Sport,, Chance lo Shine Prim8ry and secondary, ACE schools programme, Table Cricket, SEND programmes, and Lords Taverners Wicketx, 2024 saw the Foundation deliver.. to 239 schools1187 in 20231 to 21,887 young children118846 in 20231 4670 hours of acts'vity [3909 in 20231 Crlcket Collectlve The Foundation's work lo support volunteers continued in 2024 with the second itallOn of Gel into Gricket. a scheme largeling 14 10 18 year olds, with the ambition lo develop the next army of volunteers. Great leainings were taken frotn the inaugural project, with these leading lo the design of an e module progiamme that enabled young people to learn skills across the game and wider.. Dlgital Markellng Course- New for 2024 and delivered by Hartpury University Groundskeeping Course Health and Nutrition Course Cricket Aclivalors Course Cricket Scoring Course Cricket Umpiring Course First Aid Course Safeguarding CouTse- New foi 2024 The years, offering saw 82 young people register and has had a significant impact on crick81 club5 acTOSS the county, with extra hands making light work. Young volunteers have gDI involved with ¢oa¢h support al their club, with standing and scoring in junior games, with supporting the grounds le8m, whilst som& have even been doing the clubs socials to enable clubs lo market their clubs beller and to communicate more effectively with their membership.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Away from the juniors, the years Climax was a fantastic celebratory event al the Seal Unique Stadium, for over 150 volunteers, where the Foundation gol to say thank you lo all of Ihose peopltr who do so much for the game. The event saw the b8lDW list of people presented with awards, but pèrh8ps mor8 importantly, thè event gav@ the opportunily lo say thank you lo so many more people who give their lime to the game selflessly. Inspired lo Play Award Russell Fly (Golden Hill) Rising Star Award Leni.Rae Readman (Bristol United Banks) Safe Hands Award Katie Medhursl Iwoodmancolel Game Chang&rAward Seb Vamplew (VVinterUrnSl Grounds ManagemenlTeamAward Chipping Sodbury CC Tackling Climate Change Award Down Halherley CC Unsung Hero Award Guy Slirling Lee IDuTllblelonl Metro Bank Champion of Girls Award Paul Maggs (Quedgeley & Hardwickel Lifetime AchieverAward Len Allard IApperley & Glos Seniors) Ciickel Innovators Award AlislaiT Andrews IciTenceslerl Growing the Game Award Graham Wilcox (Cam) Club Development and Support Clubs conlinLJe lo be thè heartbeat of the game 8nd the Foundation has looked lo support the 184 affiliatèd clubs, as best we can across the year. The game has never asked for as much from Cricket Club volunteers so il is imperative that we do all that we can lo help and support Ih6m, and lo make all processes as easy as possible - when often they are not. Ensuring ¢ri¢kel is safe and that all clubs are covered with al18ast the bare minimurn of fully qlifIe(l and certified Safeguarding Officers. is no mean feat. However. this was again managed in advance of the 2024 Seasc by the Found8lion's work in offering bespoke, locallsed, courses and working wilh18agues closely. The safely of the recreational game was also enhanc¢d by more great work going in lo devBlop an increased number of Clubmark Accredited Clubs - Clubmark is an 3ccredi181ion scheme for cricket clubs which shows that club is suslainab1ts, well run and provides the right environment for its members. Not only did all 61 previously accredited clubs regain their accredi181ion foi 2024, bul 8 further 8 clubs gained the 8ccredilalion for the first lime. The new clubs were Adleslrop, Daylesford & Oddinglon CC, Ashton Keynes CC, Birdlip & Brimpsfield CC, Bristol Pakistani's CC, Framplon on Severn CC, Highnam Court CC, Ruardean Hill CC and Sherslon Magna CC. The work acr055 the year also saw the development l@am support clubs with faGlllty projec15 through the county grant fund. An initial budget of £114,OOCI soon went and due lo impréssive performance from the team the EC8 supported Gloucesleishire and ils clijbs with the opportunity for more financial support. This saw an additional £80,000 support clubs across Gloucestershire lo improve facilities for women and girls, for creating a more welcoming environment and for environmentally sustainable proj8Cts, Thls money and a whole lol more, Is requlred to improve and raise tho standards of the pool of facililios that the sport currently uses across the County. This was evidenced in the production of a County Facility Strategy that lookeof al all grass pIIGhes, practice facilities and indwi cenlres where Grickel is currently play. The conclusion lo the slrslegy is Ih8t a significant amount of investment is required lo support new activity and to raise the standards of current facilities.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Women & Glrls* Performance Pathway 2024 Saw the Gloucestershire Cricket Foundation deliver the Women & Girls, Performanc@ Pathway for the la51 lime. This is an area of operation5 where much success has b&en achieved, being a nalional leader in the development of the Women's & Girls game. A leslimony of the efforts of work in this space over many years. However, the ECB slrale9y for Ihls area of the game slated that Female Pathway Cricket will come under the ownership of the professional organisalion lor clubl. Due lo the perceived issues existing in the local professional club, GCF supported by its Board made strong representation lo ECB suggesting that il remain with GCF albeit for short lime. ECB were empathetic to the approach by GCF bul 81aled there would be no deviation from national policy. GCF accepted the dècision wllh a degree of dis8ppoinlrnenl bul have been very collaborative in the mlgralion of Women's & girls cricket lo GCCC. The year started with a very successful tour lo Sri Lanka, where our girls did us proud with 5 wins from 5. The Sri Lanka lour was a resounding success, offering the girls a wealth ol opportunities lo develop their skills on the pitch and grow personally off it. FroTn thrilling matches lo once-in-a.lifelime experiences, the lour was a true t0s1ament lo the lalenl and dedication of the squad. The girl's county age group sides were again extremely successful IDO, confirming the depth and quallly of the girl's participation pathway across the county, We very mu¢h look forward lo seeing players come through the Gloucestershire County Cricket Club pathway Irom 2025 onwards, and we hope that the number of Glouce5teishire girls that go on lo becom& piolessional cricketers, and on 1st ¢las$ Academies continues to be a high number. In 2024 our work saw almost half of the Western Storm Squad, Westem Storm Academy and Western Storm EPP programmes, filled with players that had played for Glou¢eslershire. This has been an area of work we can be rightly proud of and il is great to see Danielle Gibson playing across the world lor England and in T20 franchise compelillons, and our new rising talent of Katie Jones. playing for England U19's. Bolh players started in local club cricket, which goes lo show what the Impact of having a great start in YOUT cricketing career c?ri hgve on you, well done lo Dumblelon in your part on dev&loping both. Make Cricket Accessible 11 was an anibition of 2024 to attempt lo lake cricket lo more communities Ihrough localised delivery, whilst also looking lo diversify the income for the Foundation. This was very much achieved through the delivery of a signilicanlly increased sehc)ol holiday offering and the introduction of 8 new scheme of Saturday moming coaching, Breaking Boundaries. Both programmes worked in terms of reaching mor& children, whilst also supporting the Foundations work. Holiday camp numbers rose from 650 partlGipanls lo 1,121, whilsl Breaking Boundaries saw 160 children sign up in year one. Both schemes ol work will be learnt from and developed for 2025. Improvlng our Urban Offe The ECB want lo ensure that all people who do not normally have access lo cricket, can 8cc8ss the g8ma in one way or another. This does not need lo come in the form of cricket through a club but instead. the ability lo lake part in cricket activity in a local community setting, a mulli-use games area, an indoor sports hall or in fact, any space where activity can lake place. The Foundation continued to grow ils community offering and specific thanks musl go lo our charity partners, Lords Taverners, Chance to Shine and ACE Charity, who all Increased their support lor cricket in the county. This enabled programmes lo reach new and acldilional people, whllsl also seeing our urban community offer, reach additional urban towns, rather than previously, Bristol alone. The ACE (Afro-caribbean EngagÈmenll piogramme expanded ils offering in 2Q24 also, with more hubs and a greater number ol players in the ACE Academy. As a consequence of the success of the programme, the Foundation has been awarded a further Ihiee year contract to continue the great work and we welcomed a now team member lo lead this work in November. One of the strengths of the Foundallon is the way in which our community programmes work together lo support one another and lo provide young people wllh additional opportunllies. This was again visible in 2024 when we saw the launch of our new Community Indoor Cricket League. Thi5 saw our community programmos of Wickelz, ACE, Street and Super1 s. come together ID form l&ams, where weekly games could bé played against one another. This collaboration is the first of ils kind across England & INales snd saw us beaullfully positioned in of the England Mens Test Match programmes.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 In the188112 months this wider community activity saw us deliver. 8 weekly WGketz hubs (growth from 6 in 2023 6 weekly Super1s hubs (growth from 5 in 20231 8 weekly Chance lo Shinè Street hub8 3ACE hubs An ACE Academy with now 53 scholars (growth from 43 in 2023) 6 Walking Cricket hub5 Ilargellng 50+ growth from 5 in 20231 25 free Urban Community Nation81 Programmes that saw 907 5-11 year olds engaged 15 days of cricket, supported by hol meals, as part ol the Bristol City Council granted Holiday Attivity Fund largeled at areas of the city with a high percentage of free school meals. Thi5 saw 144-young people physically activity across both the Esster and Summer holidays. Wlh the Continued ambition lo listen more and to give young people a volce, Wckelz Bristol held ils summer showcase event in July, which saw 18 partlcipanls travel lo Exmoulh beach fot the day alongside the Wicketz Cardiff and Plymouth programmes. The trip came about as a consequence of the irnaugural Youth Voice committee which was set up in early 2024. 3 members from each of Wicketz Bristol, Cardiff and Plymouth mel online to share their ideas and design the Summer Showcase event. The committee would feedback ideas that they had gathered from their hub sessions arvj build on ideas discussed. The result was 18 m&mbois, with representation from eath of our 5 Bristol hubs, caught the Coach down lo Exmoulh Beach. The day began with a lour of the RNLI Lifeboat station, wher& they learnt about the important work that the volunleeis there do, They were able lo have a look al Ihe slale-of-the-art lileboals they use, and even try out somè of their equipment. This was followed by a Iradilic>nal trip lo the chippy. After lunch, they gDt stuck inlD some beach sports, with a couple of games of crickel and football all taking place on the Jurassic Coastline. Following their sports, everyone was abl& to cool off with a paddle in the sea and an ice cream before the return 19 Bristol, This one-off day truly Show the impact th81 ¢ri¢kel can have on a young persons life. Fundralslng praetlces The Foundation generated £42,750 from direct sponsorship in 2024. In most cases this support Came from local or regional businesses who supported the aspirations of the Foundation in specific work areas. This is an area where the Foundation needs lo continue lo grow, as by brtnging in partners lo support areas ol work, 11 erBbles normally liad up money to be ulllised elsewhère to grow the game. 11 w88 the intention of the Foundation lo develop ils fundraising efforts through ¢amp8igns across the JuslGiving sile and also through the Friends of the Foundation Lottery. Both still exist, and both still bring in an annual amount of money. bul tactics changed during the year, and il was decided to gD after grants frgm Local Aulhorilies, Charities and other 9ranl funders instead, as the Iinancial relurFI was often faster paced and enabled new 8¢livily lo be delivered quicker. Both Campaign5 and the Lottery Scheme remain priorities for the Foundation and morts work will go in lo them being a success In 2025. All fLsnding receivedlraised is ulilised lo employ staff lo develop and d8livei projeols, programme5 events that directly impact on the charity's strategic aims.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR EJVDED 30 SEPTEMBER 2024 Flnanclal review The ambition of the Fotjndalion is lo hava a break ev@n on management a¢¢ounls, whilst ulilising Reslricled Funds In the most efficient and effective way possible. The financial slalemenls reveal a surplus for the year of £41,065 on income of £1,112,278. Of the surplus £36,733 was unreslricled and £4,332 reslricled for use on specific projects, The y&ar ended with nel assets of £488,41101 which £403,834 were unreslricl@d, whilst £84,577 were restrictèd. Our tjnrestricled r&serves al 30th SÈpl8mbèr 2024 now sland at £403,834. This includes 8 necessary £41,653 held as potential redundancy costs and ideally a further £352,571 designated in case of shut down as per our reserves policy below. The current balance is £9,610 excess of the Foundation's unrestiicted reserves largel. The financial position represents a Strong and stable position allowing the Trustees to deliver on the charitable objective5. Ros•rves pollcy The Trustees have earmarked sufficient cash resources that they feel are prud&nl lo m@el the needs of the miligalion of adverse risks as identified by the risk register, Aside from Telaining a prudent amount in reserves the majority of the charity's funds are to be spent in the short term with no funds held for long term inveslmenls. Before be¢oming a charity, the Gloucestershire Cricket Board agreed a Reserves Policy with Andorran Limited Ilh? chartered accountancy practice that audits the annual Financial Accounts, nDW BK Plus Audit Limiledl. This slated that reseNes should cover 2 10 6 monlhs running Costs, depending on Ihe security ol the organisalion's income streams. The reserves musl be 'Unreslr¢cled Funds. i.e., Funds that the company is free lo use as il sees fil. Up until O¢lober 2021, the Board did not believe that it was necessary lo sel the policy al the lop end of the range as SLJggesled by Andorran., this was due to the secure nalure of core funding from the ECB, Chance to Shine, Lords Taverners, el¢. and so 'Il¢heVer is the greater of 3 months Running Costs plus Redundancy Costs or the Replacement Cost of Depreciated Assets, was agreed upon. This Changed in 2022, and due to the unsellled nature of funds within sport, the impact ol Covid, the Cost of Living rises, and other factors, the Board increased the period from 3 months lo 6 months, lo the wording of "Whichever is the greater of 6 months Running Costs plus Redundancy Costs or the Replacement Cost of Depreciated Assets" The EC8 have signed a new broadcasting deal for the period 2025 to 2029, which will see mote money come into the whole gamè, than ever before. However, il is belleved that Ihefft may be tougher times ahead, especially al the beginning of 2029 when the new broadcasting deal begins. Also, due lo the frequently used lerrn by the ECB of 'flal inveslmenl,, al a lime when National Living Wage and all other costs are rising significantly, the Foundation's Finance, Risk, Audit anot Governance IFRAGI ComEnittee look the 'Re5e¥ves Policf agenLta item lo the 0511012024 Board meeting, with a recommendation of continuing lo a term of 6 months. The logic is that if the Company is wound up, il does not need lo replace assets and under8tanding that assets are considerably le55 thsl running cost5, plus redundancy. the rèserves Policy is based on 6 months Running Costs plus Redundancy Costs. 11 believes that the policy needs lo providtr cover for,. al Late payments bl Any need lo Coherently wnd up th& company or find alltsrn81ive sources of ftinding cl The exposure lo redundancy costs.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The FRAG Committee proposes that the Company requires Reserves (Unrestricted Funds} to cover.. 1 and 2 above- 6 months running costs- Currently £352,571 Redundancy Costs- Currently £41,653 Total = £394,224 The Reserves target will b& reviewed annually as part of the budg&ting process, with the budget set to ensure that Reserves are on track. Grant5 We are eternally grateful that our funder8 continue lo support us. especially the England and Wales Cricket Boardl Trust with £386,422, Chance to Shine wllh £150.929, ACE charity with £101,282 a8 well as the Lords Tavemers with £110,023 and many other signifiBant supporters. Finance Dlrector During the year the current Finance Director Phil Carter Slated his decision to sland down from thè role, aftèr 29 years of incredible service. Phil started back in 1996 when "ECB first engaged with countie5 and was part of the team that set up the then Gloucestershire Cricket Association. Phil was then an integral part Df the professionalisalion of the recreational game, with the forming of the Gloucestershire Cricket Board, a company limited by guaTan12e, and was also involved in moving lo ils present structure of a charitable CoMpy. This has insligaled the process lo recruit a replacement Finance Director, with a suitable appointment being made during the timeline of (he next ye?r 2024125.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Plans for future poriods As one Strategy finishes another will begin and so the priorily for earfy 2025 is lo fi'nalise and publish 'lnspiring Gloucestershrre 2025-2029,. This will be achieved by Easter lo meet ECB key deadlines and will th8n pul us in a position to receive further strategic investment from the ECB, through the 'G&me ChangerFund'. The Glouceslershiro Crlckel Foundallon remains commllled lo growing the game of Crickel in Gloucestershire across a11 areas. 118ims lo use the pc>wer of cricket lo deliver accessible and enjoyable opportunities that grow the sport, tackle inoquali11os. improve h2allh and well-being and enable people lo fulfil their pol8nlial across the county. The previous strategy was strong and so much has been achieved as a consequence, and so much like the ECB Inspiring Generations Strategy for the same pertod. a rewrite rather than a lolal overhaul is needed. Tt)& new strategy will have e clear strategic pillars, which will each have a gre81 number of laelics and aelivilies underplnning them (working tillesl. The aims being lo- Ensure cricket is cliverse, welcoming, inclusiv8 and a¢cessible Amplify the Women and Girls, game Support communities Ihrough cricket Engage more children and young people Have a thriving, sustainable, safe and inclusive, recreational game Sel ourselves up for LJturÈ growth One way in which the Foundation will ensure crickel is diverse, welcoming, inclusive 8nd accessible is through the employment of an Urban Development Officer (or similarl. in early 2025. Thls COTnes off the back of a successful application lo the Ethnically Diverse Communili&s Fund. which TMII enable the Foundation lo employ an oificÉr lo lead new work in Bristol lor 8 minimum of three years. Il's a great start bul there is going lo be so much lo achieve during the next strategy term. Opportunities wll be excFting and will enable the development of the team both in cur¥enl roles and new roles. Il's hoped that significant Game Changer projects will be supported by funders, along with possible funds bèing received through the sales ol the Hundred. Il's imp8ralive that th& strategy is ambitious enough for the game in Gloucesler5hire as this could be a once in generation opportunity lo mak¢ real change and Improvements across so many areas, rsue lo the fi'nancial rasource that is soon to be available lo the recreational game. Structurei governanca and management Glouc@slershire Ciickel Foundation is a Charitable Company Limited by Guarantee, gov&med by ils memorandum and articles of association dated anol adopted, 31st March 2022, 11 is a regisl&red charity with the ChaTIIy Commission and a iegislered company with Companies Hous8. The Trustees who have served during the year anL since the year end are sel out on Page 1. The Trustees meet al least seven times per year on any Dlher occasion as judged necessary in order lo r&view progress an determine mallers of slrslegy and policy. Any declslon necessary from the Trustees shall be determined by the majority of votes of the Trustees present an voting on the question. All Trustees servè a three year lerrn following which they can seek reappointments. The existing Trustees have the power lo appoint further Trustees provided they have attained the age of 18 years and are not ttisqualified from taking office. The Trustees are not actively recruiting al present bul have measures in place lo consider potential applicants as they might arise.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees, who are also the dlrectOTS for the Purpose of company law, and who s&rved during the year and up to the dale of signature of the financial slalements were.. R SAhmed P Boorman P Carter NRHill J D Hopwood J E Khawaja M K Lambert C J Nobes A J Parsons S Ruscoe A Shield RecruitM•nt and appolntm•nt of trust••s For the recruilmenl of new Trustees, the charity has a nominations committee which is comprised of both Trustees and independent members. The committee's ambition is to have a blend and mix ol represenlalives from ecrDSS the county. with al least 300A of each gender, as well a5 represenlalion from across all demographics. New Trustee5 undergo training and an induction lo brief them on their legal gbligalions under Charity and Company Law. the content of the memorandum and articles of association, the committee and decision making processes ol the Foundation, the strategy and recent financial performance of the charity. Trustees are encouraged lo allend appropriate exleinal training events where these will facilitate the undertaking of their role. The Board of Trustees is skills based and is of maximum 12 membeTS in size. To support the full board a Finance, Risk, Audit & Governance Committee meets al least four limes per year lo review th8 budget, analyse the forecast, maintain an appropriate and comprehensive risk register, whilst also ensuring all audit and governance work is compliant. 10-
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Organlsational Structura The operational management of the charity is led by the Chief Executive, who is SUPFXlrted by the Operations Manager and the Community Development Manager. The performances ol these PDsilions and Ihe charity itself sre reviewed at Board Meetings and any decisions on remuner8tlon of all staff members are ralilied by the Trusle&s. Governance Thè Foundation complies with the Charity Commission and Companies House governanc8 as well as 81 least the silver tier Df the governance framework of our main funder, the ECB. The County Partnership Agrtsemert {CPAI. which regulal8S the relationship between the Foundallon and the ECB, has il's largels annually mel, 8nd we are commilled lo continuing lo meet the CPA standards and work towards the Gold Accreditation Scheme in quarter 101 2025. Although the locus of the GCF is always lo encourage and enabSe more people lo play cricket. il is important that the organisalion is well run and financed. These are not aims in themselves bul are crucial to our ability lo carry out our main job efficlenlly and effectively. Good governance is about ensuring that we measure the risks we face, which might prevent us from doing our job, assessing those risk5 and the controls which are already in place. and considering whether further beller controls are requirèd. We can never eliminate risk ¢omplelely. bul wo can seek lo minimise the chanTrs of an event occurring, and the damage il might cause if il does occur. Often, the sooner we can recognise that there is a problem. the better we can tackle it. We have a sel of processes and controls in place that we believe are proportionate lo the risks and (he scale of our operations. and we will do our very best lo ensure that GCF is well run and managed, giving reassurance lo our clients, staff, volunteers, funders and sponsors, suppliers and our other stakeholders. We aim to give people the confidence to engage with us, 80 that more people can enjoy more cricket. Cricket is good for their mental and physical health, develops their le¢hni¢81 and social skills and their confidence- we want lo see more people taking part and help lo remove barriers lo them enjoying our sport. The ECB now sets their minimum expectations of our governance standards. which are part of our cortracl wlh them. Three years ago, after our pr8vious County Partnership Agreement I'CPA I submission, ECB said they 'view Gloucestorshlr• Crl¢k•t Foundation as a "leading organisation" In relatlon to lour] 90vernance arrangement$ and pra¢tlces." They went on lo say, 'Th? Foundation is compllant with all mandatory governaneo r•quiiements and we aeknowledgè and arè supportive of your efforts to work towards enhanced. be51 practlce gornan¢• arrangoment5." We aspir@ to the highest standards. not just the bare minimum we can gel away with. Our FRAG committee regularfy reviews elements of OUT governonoe practice. The CPA, coming into force in 2025, has given us the opportunity lo review the whole of our previous submission. This lime round, ECB will b8 looking more closely al how good governance is embeddecl in the way we think and work as an organisation. They will be ensuring, among other things, that we are actually doing what we claim lo do in our wrillen procedures. Over Ihe period from 2025 - 2027, ECB would like every county Drganisation lo achieve their Gold Standard for governance. Given the importance w& place on good gDvernance, we are delighted lo have be8n asked lo be thè pli ol county for the new Gold Stand8rd 8ssessmenl system, and we hope lo be the first lo be awarded. This has, however, created a significant 8ddition81 workload over a sharply condensed period of lime, and FRAG wish lo acknowledge the efforts of Steve and his team in preparing lo¥ this. Happily, because good governance pracli¢e is already ktry lo the work which Steve and his team do, much of the structure is in place ID prepare for this external audit of oui governance processes in a very short time.
GLOUCESTERSHIRE CRICKET FOUNDATION TRUSTEES REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEpfEM8ER2024 3 year8 ago, we were asse¥8ed on a35 8u¢h as rfsk 8nd finan¢Sal controls, compliance and accounlabilty. This govamanc4 rriéw wll look more deeply BoBrd cowsithon, skI118, pèrfomanc a¥ses$menl and training, 8nd lY)wwe engage uAlh all of wrsiakehoklers. Havlng ¢onduet$d our itstemal reww8 ar0 )Ident IhaL' Ourproe8ses arè approylJtetts the scale and nature ofGCF We have H hbgh level olcomlanCeIh Iho procedures There have been signlflcanl breaches of any of our rules We are finndally sound and weAI rnanaged and are an effective and effidenl organtsatlon We hope and expect lo be as56s6ed as meeung the Gold StaFKlaid. È aTe not o)mplacent- a conllnuous r8vl8w and Improvo oblectSv8 Is porl of our sk manag8m•nt prot8. We welcorne ECB'S Inuea6ed focus on embedded gDvemance and aim to continue belng a Ipadlng Gounty. gre aayS looklng for wayglo do thkngs I)re effg¢tlv¢ly. gnd wel¢omg Input frcth any ofour 8takeholdar6. statement of Trusto•8 rasponslblllti The Trustees, who are alsothe diredors of Glouceslershwe Crid(et Foundallon forihe purpose of companylow, are re$ponslble for prepafing the Trustees Report and th8 financlal Btalements in accordance with applicable18w and United KingdomAccounling StsndaTd8 Ojnited KFngdom GenerallyAccepled Accounting Pr8clic&l. Company law r8qulr85 the Trustèes lo proparè ffinandal statèments forear ffinan¢ial year which a true and fair ew of the stat6 of affalrs of the Foundallon and of the l¥Komlny resource8 and appllcauon of resowcas. Induding the hcome and expendllure, of the ehartlatAe Company lor that year. In preparing these fin3n(ial statements, the Trustees are Tequffed to.. . selecl 8uilable aOUntIng Folioes and then apply them cA)nSten1y. - ob$etve the method8 and prInpIeS in the Charllles SORP.. - make judgements and eBlimales that are reasonable and pnjdenl., 8nd prepare the financial Slalèments on Ihe golThJ concern basls unless It 1$ Inapproprlal¢ lo pwsurn that th8 Fwndalian will o)nlinua In opgr8lion. The Trustees arè responslblè fdr kèeping adequate accounting records that dredo$e with Te8¥ongble a¢vJr8¢y al any the financial posllion of Ihe Found81ion and enable them lo en8urv th81 th8 financla18lalemenls comply th the Compani88 Act 2006. They are also responble for 5afrguarding the as1$ olthe Fwnd81ion 8nd henco fortan0 88cMable slep$ for the prevention and detection of fraud and olhor Irregularili&$. Auditor In accordance with the companvs artidos, a regolution propong that BK Plus Audll Llmild bts pponIe 8uditor of the (xnpany w511 be Nlt ttslheAnnual General Meeting. Dls¢10$urè of Inlormatlon 10 audltor Each of the Trustsès has confirrned that theTe Is no Infolmallon of which Ihoy are ow•r¢ 1¢h 1$ 8Vant to Iha audit, bul Df whic*} the 8udltor Is un8w#rè. Tttey have further confimied Ihat they have taken approprkgle step$ lo Identlfy such relewJnl infom)atlon and lo $91818 that the auditor is awaro of such Information. The Trustees r¢portwas approved by the BOS ol TTU8te86. Date". Is (LiJtr/ 12-
GLOUCESTERSHIRE CRICKET FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GLOUCESTERSHIRE CRICKET FOUNDATION Oplnlon We have audited the financial slalemenls of Gloucestershire Cricket Foundation {Ihe 'Foundalion'l for the year ended 30 September 2024 which comprise the statement of financial a1vIlle$. the slalemenl of financial PDsilion, the statement of cash flows and notes lo the financial slalemenls. incluoling significant accounting policies. The financial reporting framework that has been applied in Iheif preparation is applicable 18w and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Fin8nci81 Reporting Standard applicable in the UK3ndRepublic oflrelandluniled Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial slalemenls.. give a true and fair view ol the slat@ of tha charitable company's affairs as at 30 September 2024 and of ils incoming rosources and application of resources, induding its income and expenditure. for the year thén ended., have b&en prop8rly prepared in accordance with United Kingdom Cenerally Accepted ABcounling Practi- and have been piepared in accordance with the requirements of thè Companies Act 2DO6. Basis for opinlon We conducted our audit in accordance with Inlernalion?I Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit 01 Ihe financial 51alements s&ction of our report. We are independent of the Foundation in accordawe with the ethical requirements that 8re relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these Tequiremenls. We believe Ihal the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Coneluslons ralating to going concern In auditing the financial slalemenls, we have concluded that the Trustees use of the going concern basis ol accounting in the p¥eparalion of the financial slalements is 8pproprial8. Based on the work we have performed. we have not identified any material uncertainties relating lo events or conditions that. individually or collectively, may cast significant doubl on the Foundation's ability to continue as a going concern for a period of al least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Trusle6s with respect lo going concern are describéd in the relevant saclions of this rèport. Other information The other information comprises the information included in the annual Feport othei Ihan the fi.nala4 slalements and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and. except to the exlenl otherwise explicitly slated in our report, we do not express any torm of assurance conclusion Ihereon. Our re5ponsibilily is lo read tho other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained in the course of the audit, or otherwise appears lo be n78l&rially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are requlred to determine whelh&r this gives rise lo a material misslalemenl in the financial sl&temtsnls themselves. If. based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescribed by thè Companles Act 2006 In our opinion. based on the work undgrtak8n in th8 course of our audit.. the information given in the Tru51ees ieport for the financlal year for whlch the financial statements are prep8red, which includes the directors. report prepared for the purposes of company law, is consislenl with the financial slalemenls., and the directors, report included within the Trustees repDrt has been prepared in accordance with applicable legal requirements. 13-
GLOUCESTERSHIRE CRICKET FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GLOUCESTERSHIRE CRICKET FOUNDATION Matters on whleh we are requlred to report by exception In the light ol the knowledge and understanding of the Foundation and ils envlronmenl obtained in the course of the audit, we have not Identified material misstatements in the directors, report included within the Trustees Teport. We have nothing lo report in respect of the following mallers in relallon to which the Companies Act 2006 requires us lo report lo you if, in our opinion.. arlequale accounting records have not been kept, or returns adequate for our autjil hav8 not been receiv¥d from branches not visited by us.. or the financial slalemenls are not in agreement with the accounting records and returns., or certain disclosures of trusl6es' remuneration specified bylaw are not Made., or we have not received all the information and explanations we require for our audit; or the Trustees were not enlilled lo prepare the financial slalemenls in accordance with the sm811 companies regime and lake advantage DI the small companies. exemptions in pieparing the Trustees report and from the requirement lo prepare a strategic report. Responslbllltles ol Trustees As explained more lully in the statement of Trustees responsibilities, the Trustees, who are also the directors Df the Foundation for the purpc)se gf company law, are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such intern81 control as the Trustees determine is necessary lo enable the preparation of financial ststements that are free from material misslalemenl. whether due lo fraud or error. In preparing the financial slaleménts, the Trustees are responsible for assessing the Foundalion's ability to conllnue as a going concern, disclosing, as applicable, mallers related lo going concèrn and using the goirTrg concern basis of accounting unless the Trustees either inltsnd lo liquidate the charitable company or lo Cease operations, Dr have no realistic allernalive bul lo do 50. Audltor's responslbllltl•$ for the audlt of the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whole are free from material misslalemenl, whether due ID fraud or error, 2nd lo issue an audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in aCCordace with ISAS IUKI will always delecl a m4lerial misslalemenl when il exists. Misslalemenls can arise from fraud or error and 8r8 considered material if, individually Dr in the aggregate, they could reasonably be expected lo Influ8nce the economic decisions of users taken on the basis ol these financial slalemenls. Owing lo the inher8nl limitations of an audit, Ih8re is an unavoidable risk that, despite us planning and performing our audit in accordance with auditing standards, one or more material misslalements in the financial statements may have gonÉ undelecled by c>ur audit. As with any audit, there is a high risk that irregularities and fraud will go undelecled where they involve matters such as misrepresenlalions from management, collusion, delibeiale omissions and override ol controls. It is not the role of the auditor lo prevent non-compliance and we cannot be expected to delecl every instance of non-compliance wlh all laws and regulations. In identifying and assessing risks of material misstalemenl in respect of irregularities, including fraud and non- compliance with laws and regulations, our proceduTes included th8 followng.. enquiries of management including a pre audit meeting., obtaining and reviewing sUPPOrting clocumenlalion of pollcles concernlng the laws and regulations applicable lo the business., understanding how the company complies with ils regulatory framework by making enquiri85 of managemenl., considering th? Gullure inherent in the company and whelher this represent8 a culture of hL)ne8ty and elhi¢al behaviour with a strong emphasis of detection and prevention of fiaud. 14
GLOUCESTERSHIRE CRICKET FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GLOUCESTERSHIRE CRICKET FOUNDATION We assessed the susceplibilily of the company's financial slalemenls lo malerlal misslalement and consi(ferèd how fraud might occur. The audit procedures performed includèd, bul were not limited lo.. chaSlenging management assumptions and eslimales., identifying anrl lesling unusual journal èntries., assessing how the relevant laws and regulations hav& been wmplied with and noting any instances of non compliance., reviewing the financial slalemenls for Complian with relevanlAccounling Slan(fards and accounting legislation applicable to a small company., • considering how those charged with governance have addressed the possibility of an override of essential controls or other influence over the financial reporting processes. In addition, we also considered other non financial laws relevant lo the company. These do not neSSarilY have a direct influence on the financial slalemenls but might affect the company's ability lo operate. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 w.fr¢.Org.klaU1lorsiesponslb1lI1les. This description forms part of our auditor's report. Other matters The Comparative figures were not audited. Use of our report This report is made solely to the charilable company's members, as a body, in accordance wllh Ch8pler 3 of Part 16 of the Companies Act 2008. Our audit work has been undertaken so that we might stale lo the charitale company's members those mallers we are required lo slate lo them in an auditor's rsport and IDr no other purpose. To the fullest extent peimilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the Dpinions we have formed. Roger Downe5 FCA (Senior Statutory Auditor) lor and on bohall ot BK Plus Audit Llmited 18 February 2025 6 Manor Park Businèss Cénlrè Mad(enzie Way Chèllenham Gloucestershire GL51 9TX Chartered Certiried Accountants Statutory Auditor 15-
GLOUCESTERSHIRE CRICKET FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestr4Ct Restricted Total Unrestrlct Re$trlGted Total funds 2024 funds 2024 funds 2023 funds 2023 2024 2023 Notes Income from: Chaiilable activities Investments 698,946 6,024 407,308 1,106,254 6,024 359,492 5,260 585,224 944.716 5,260 Total In¢omo 704,97D 4D7,308 1,112.278 384,752 585.224 949,976 Expenditure on: Charitable aclivilie5 819.341 251,872 1,071,213 388,801 02,890 989,691 Total exp•ndltur• 819,341 251,872 1,071,213 386,801 602.890 989,691 Not incomel(expendlture) 11f4,3711 155.436 41,065 122,0491 117,6661 139,7151 Transfers belween funds 151,104 1151.104} 12,770 {12,7701 Net movement in funds 36,733 4,332 41,065 19,2791 130,4361 139,7151 Rè¢on¢lllation of funds: Fund balances 211 October 2023 367,101 80,245 447,346 376,380 110,681 487,061 Fund balances at 30 September 2024 403,834 84,577 488,411 367,1 C11 80,245 447,346 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The notes Dn pagtss 19 to 29 form part of these financial $181emenls. 16-
GLOUCESTERSHIRE CRICKET FOUNDATION STATEMENT OF FINANCIAL POSITION ASAT 30 SEPTEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 11,319 11.825 Cutront ass¢t$ Debtor8 Cash at bank and in hand q2 97,243 489,621 101,653 440.088 567,Q64 541.741 Cr•dltors: amounts falllng due wlthin ono yoar 44 189,972} {106.2201 N•t currènt assets 477,092 435.521 Total as$ots l•sB current liabllltles 488,411 447,346 Thg of the Foundatlon Rgslricled irKome funds Unreslricled funds 84,577 403,834 80,245 367,101 17 488,411 447,346 Tha notes on pages 1910 29 form part of these financ4al statem Inanual slalemenl$ WTe approved by lh8 Trusl888 0 A Shield Trustee Company registratlon numbor07155137 IEngland and Wale$l 17-
GLOUCESTERSHIRE CRICKET FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notes Cash flows from operatlng aCtitIeS Cash generated IromllabsDrbed by) operations 20 23.112 151,5091 Inv•stillg a¢tivities Purchase of tangible fixed assets Proceed5 from disposal of lan9ible fixe assets Investment iricome receivert 12,7541 16,5701 1,799 5,2D1 8,024 Nèt cash gènèratèd from investlng activitles 3,270 430 Net cash generated from flnanclng activitios Net In¢rèasel(decrease) in cash and cash oquivalents 26,382 151,0791 Cash and cash equivalents al beginning of year 440,088 491,167 Cash and cash equlvalents at end of year 4e6,47D 440,088 Rolaling to: Cash al bank and in hand Bank overdrafts included in creditors payable wllhln one year 489,821 44r),088 (3.3511 The notes on pages 19 10 29 form part DI these financial slalements. 16-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policlos Charlty Informatlon Gloucestershire Cricket Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is The County Ground. Nevil Road, Bristol, Avon, BS7 9EJ, England. 1.1 A¢¢ountlng conventlon The financial statements have been prepared in accordance with the Foundation's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland" and the Charities SORP 'Accounling and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing Ihtsir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The Foundation is a Public Benefit Entity as defined by FRS 102. The financlal slalemenls are prepared in sterting, which is the functional currency of the FDundalion. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Charltable tunds Unreslricled funds can be used in aceord8nce with the char¢lable objective8 at th6 discretion of the trustees. Reslricled funds can only be used for parlicular reslricled purposes wlhin the obj&¢ls of the charity. Reslriclions arise when specified by the donor Dr when funds are raised for particular reslricled purposes. AllhDugh restricted fund income is often received in an accounting period ahèad of the expendilLJrè for which il has been raised. il is trèated in accordance with the regnitIon rules for income in the note sel out abov8. Further explanatlon of the nature ancl purpose of each fund is included in the notes lo the financial slalemenls. 1.3 Income Income is included in the Slal8menl of Financial Aclivilies when the charitable company becomes enlilled lo the income. the Iruslees are virtually certain they will receive the money and monetary value Can be measured with sufficient reliability, iriespeclivè of when the expenditure for which il has been raised will bo incurred. Income from government and other grants is recognised when the charitable company has enlillem@nt to the funds, any performance conditions 8llached lo the grants have been mel, il 15 probable that the income will be received, the amount can be measured reliably and il is not deferred. Interest on funds held on deposit 18 inclLJded when receivable and the amount can be measured reliably by the charity., Ihis is normally upon notification of the interest paid or payable by the bank. 1.4 Exp•nditura Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commilling the charlly to that expenditure, il is probable that a Iransler of economlc benBfils will be required in settlement and the amount of the Dbligalion can be measured reliably. Expenditure is 8CCOLJnted for on an accruals basis and has been classified undér heaéings that aggregate all cost related to the category. Where costs cannot be directly atlrlbuled to particular headings they have been allocated lo activities on a basis consislenl with the use of resources. The charity is not registered lor VAT and consequently cannot recover any VAT that is charged to it. The Cost of Irrecoverable VAT is included within the cost heading lo which il relates. 1.5 Tangible fixod •$s•ts Tangible fixed assets are initially rneasured al cost and subsequently measured at cost or valuation, nel ol depreciation and any impairment losses. 19-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Aceoumting policies Icontlnued) Depreciation is recognised so as ID Wtile off the cost or valuation ol assets less their residual values over their useful lives on the following base5'. Computer equipment 200kn on cost The gain Dr loss arising on the disposal of an asset is delemiined as the difference between the sale proceeds and the c8rrying value of the asset, and is recognised in th8 slalemenl of financial aclivilies. Individual ass8t purchas8s cosling18ss than £1,000 are wrillen off as expenditure in the year of acquisition. Crltlcal ac¢ountlng gstlmalo$ and Judgoments In the application ol the Foundation's accounting policies, the Trustee5 are required lo rnake judgements, esllTnales and assumptions about the carrylng amount of assets and Ilabllilies Ih8t are not readily apparent from other sourees. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these eslimales. The eslimales and LFnderlying assumptions are reviewed on an ongoing basis. Revisions lo accounting e51imales are recognised in the period in which the estimate is revised where the revision affects only that pefiod, or the period of the revision and future periods where the revision affects both current and future peiiods. Income from charltable actlvltles Unr•strl¢t R•strl¢tod Total Unrestrict Restricted ed funds 2023 Total funds 2024 funds 2024 fund5 2023 2024 2023 Incomo from Charitable Activities Subscriptions and sponsorship GYC and Indoor Cricket GCB Schools Education Offer Grants All Stars income Kwick Cricket Wicketz income Disability and other income 59,834 9Q,37f 59,834 1oe,091 63.073 80,334 63.073 93.934 15,720 13.600 17,928 392,349 30,369 5.328 17,928 646,817 30,369 5,328 77,798 14,010 89,155 15.135 2,442 14,010 579,084 15,135 2,442 46,615 254,468 489,909 77.798 46.615 52,016 59,322 111,338 33,716 35,100 68,816 648.195 407,308 1,055,503 297,865 585,224 883,089 20-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from ¢harltabl• actlvltles (Continued) P•rformance related Brant5 an•ly$ls Grant5 2024 Grants 2023 England and Wales Cricket Board Chance lo Shine The ACE Programffle Charity Chellenham Borough Council Age UK 386,422 150,929 101,282 8,184 376,681 153,237 44,674 4,472 646,817 579,064 Income from investments Unrostrlct Unrestrlct ed funds 2024 funds 2023 Interest receivable 6,024 5,260 21
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expendlture on charltable actlvltles Charitabl• charltabl• actlvltles a¢tlvltlas 2024 2023 Dlrect costs Staff costs D6precialion Sundries Compuler costs Website costs Cost of meetings Rent and office costs Insurance Telephono Postage and slalionery Office equipment lease Bank charge5 Direct Cricketing costs 541,451 3,2eO 6,455 6,099 761 1,521 72,902 2.500 14,703 413 2,623 2,921 463.616 456,450 2.388 10,038 6,244 895 2,178 9,928 10,848 12,174 878 2,781 1,985 462.623 1,059,225 979,406 Sharè of support and govornart¢o ¢osts (s¢e note 6) Gc>vernance 11.988 10,285 1,071,213 989.691 Analysls by fund Unreslricled funds Reslrieled funcEs 819,341 251,872 386,801 602,890 1,071,213 989,691 Support costs allocated to activities 2024 2023 Governance costs 11.988 10,285 Analysed between: Charitable activities 11,988 10,285 -22-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs allocatod to a¢tlvltlas IContinu•d) 2024 2023 Governance costs comprlse: Audit fees Accounlan¢y Tax on interest received 7.620 4.368 10,344 159) 11.988 10,285 Net movement In lund5 2024 2023 The nÈl movement in funds is staled after chargingllcredilingl.. Fees payable for the audil of the charity's financial statements Depreciation of owned 18ngible fixed assets 7,620 3,260 2,388 Trustees None of tha Trustees lor any persDns connected with them) received any remuneration or benefits from the Foundation during the year. Employees The average monthly nLtmber of employees during the year was.. 2024 Number 2023 Number 35 37 Employment costs 2024 2023 W&ge5 and 5alarie5 541,451 454,851 The number of employees whose annual remuntsralion was more than £60,000 is as follows.. 2024 Number 2023 Number £70,000 10 £80.000 -23-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Employees (Contlnuedl Remuneration of key management personnel The remuneralion ol key management personnel was as follows.. 2024 2023 Aggregate compensation 75,700 73,111 10 Taxation The charity is exempt from laxalion on ils activities bocau8e all ils income is applied for charitable purposes. 11 Tangible fixed assets Comp¥t•r e4ulpment Cost Al 1 October 2023 Additions 15,434 2,754 AI 30 September 2024 18,188 Depreclatlon and Impalrmemt Al 1 October 2023 Depreciation charged in the year 3,609 3.260 AI 30 September 2024 6.869 Carrylng amount AI 30 September 2024 11.319 At 30 September 2023 11,825 12 Debtors 2024 2023 Amounts falling duo wlthln one year: Trade debtors Other debtors Prepayments and accrued income 81.959 6,924 8,360 88,716 4.953 7.984 97,243 101.653 -24-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 Loans and overdfafts 2024 2023 Bank overdrafts 3.351 Payable within one year 3,351 14 Cradltors: amounts falling dug within one year 2024 2023 Notes Bank overdrafts Other laxalion and Social security Deferied income Trade creditors Other creditors A¢¢ruals 13 3,351 13,019 2,926 16,135 16,648 37,893 12,041 3,902 29,e28 19,508 40,941 15 89,972 106,220 15 D•f•rr•d Incom• 2024 2023 Other deferred income 2,926 3,902 Deferred income is included in the financial slalemenls a8 follows-. 2024 2023 Deferred income is included within.. Current liabilities 2,926 3,902 Movements in the year.. Dèlérréd income at 1 October 2023 Released from previous pèriods Resources deferred in the year 3,902 (136,5781 135,602 1,738 89,079 186,9151 D8ferr8d incom8 3130 September 2024 2,926 3,902 -25-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Restrtcted funds The reslri¢led funds of the charity COmPTise thè unexpended balances of donations and gran15 held on trust subject lo specific CDnrlilions by donors as lo how they may bts used. At1 O¢tober 2023 In¢omlng Resources r•sourc•s expended Transfers At30 Septombor 2024 Make CrickelAcce88ible Participation Pathway Women & Girls Development Workforce Development Performance Pathway Club & League DÈvèlopmenl 245,456 152,058 1189,4031 {53,5751 {33,4291 {97,3531 {10,0411 111,7031 5,000 13,5781 22,624 6,003 4,873 1Q,041 47,698 14,955 2,678 35,995 1 9,955 9,794 {8,8941 80,245 407,308 1251,8721 (151,1041 84,577 Previous year: At1 O¢tob•r 2022 Incoming Resources resources expended Tran51ers At30 September 2023 Make CrickelAccessible Participation Pathway Women & Girls Development Workforce Developm8nl Performance Pathway Club & League Oevelc)pmenl 25,222 4,773 18,528 41,450 15,054 7,654 170,073 229,D83 88,021 17,711 17,743 62,593 (217,3041 (206,5501 140,8151 133,9131 122,7981 181,5121 22,009 122,4331 153,6931 22,450 4.954 13,943 4,873 10,041 47,698 14,955 2,678 110,681 585,224 (602,8901 112,7701 80,245 26-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR EIVDED 30 SEPTEMBER 2024 16 Restricted fund5 (Continued) The reslr(cled funds are in iespecl of.. Make Crleket Aceèsslble Our aim as a charity is lo give more people the opportunity lo engage with cricket more often. We musl ensure the gam8 is accessibl8, sustsinable and supports the harder-lo-reach communities. The work in this space supports people from low so¢io economic groups, those wlh a disability, those in rural or urban areas that hav8 different challenges and those who ar8 simply seen as being al a dis8dvantag&, Il's about taking cricket lo communities rather than through the normal method of ¢rickel clubs. Partlclpation Pathway The pathway is constructed and designed lo ensure that people of all ages and abilities have the opportunity lo p18y the game 81 a level that is right for them. This area of work includes around the ye8r supp(rt and delivery in primary, secondary and SEND schools, as well as Ihe support and delivery of the National Programmes, All Stars and Dynamos Crlcket. Women & Glrls Development A decade ago cricket was very much seen as 8 Sport lor males, whereas now11 Is very much a sport lor both sexes. The growth of the women and girls, game in Gloucestershire has been sizeable with the county now boasting over a third of ils clubs having women and l 01 girls, secllons. This sees the Foundation developing standalone junior and senior pathways for the sport, girls only delivery in schools, cricketing facilities that are welcoming and inclusive as well as a pathway that will support players lo the very top. Workforce Development Cricket cannot operate without volunteers, officials, ground staff and coaches, they are quite simply the most important people in our sport. The work of the Foundallon aims lo provide support, mèntoring. Iralning and ongoing education lo help and ofevelop those people who do so much for OUT Sport. In an annual cycle this will include running over 50 courses foT club volunteers alone. which is then supplemented for the support ol teachers. young leaders and other key largel groups. Porformanca Pathway Developing homegrown lalenl through a well-resour¢ed performance pathway is important for two main reasons,. 1111 en8bles people to reach their potential and to hopefully become first class cricketers, 2) 11 creates a greater foundation for cricket in the county. The Foundation lead the Women and Girls, Elile Pathway, as well as the pathway for Disabled alhleles, This is offered for people from U11 through lo adulthood. Club & League Development Clubs and Leagues are at the heart of the recreational game. Our aim over the next 5 years is lo ensure that Ihtsre is a thriving network with a variety of opportunities lo play the version that they want and will do Ihis by offering le8gue, compelilic>n and play opportunities across the COLJnly for all. This includes slruclured activity for juniors, women and girls,, adults and seniors, both indoor and outdoor. This area of work also sees us support clubs lo develop their facilities, both fino Iijrf, practice and buildings, -27-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 17 Unrestricted funds The unreslricled funds of the charity comprise the unexpended balances ol donations and grants which are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out ol unreslri¢led funds by the Iruslees for spe¢ili¢ purposes. Atl Octobey 2023 Incoming Resources resources expended Transfers At30 September 2024 General Fund 367,101 704,970 1819,341} 151,104 403,834 Pr•viou$ yoar: At1 Incomlng Resourcos October re50UTCeS expended 2022 Transfers At30 September 2023 Genera5 Fund Designated.. Facility Strategy Designated.. Apprentice 353,38 12,OOCI 11,000 364,752 1363,8011 112,0001 111,0001 12,770 367,101 376,380 364.752 {386,8011 12,770 367,101 The designated funds are in respect of.. Faclllty Strategy Funds from the EW Cricket Trust for the preparation of a strategy for 2023 onwards. Apprentice Funds from the Gloucestershire Cricket Trust allocated lo the employmenl of an appTenlice. Transfers betwetrn funds Transfers are made between restri¢18d and unrestricted fund5 al the end ol svery accounting period in cases where.. il the activity of the reslricled fund ha5 Gome lo an end and there is an unspent balance that Is not repayable lo the funderls). when the surplus is transferred lo unreslricled funds., and ill the restricted funé is In deficit and has either come to an end or there is no prospect of a wrplus In 8 181er period. when the deficit is eliminated by transfer from unreslricltsd funds. -28-
GLOUCESTERSHIRE CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 18 Analysls of net assets between lunds Unrestrlcte Restricted Total funds 2024 fund5 2024 2024 At 30 Sapt•mbar 2024: Tangible Éssels Current assetsllliabillliesl 11,319 392,515 11,319 477,092 84,577 403,834 84,577 488,411 Unrestrlcte Restrlcted Total funds 2023 funds 2023 2023 At 30 S•ptamb•r 2023: Tangible assets Cuirenl asselsllliabililiesl 11,825 355,276 11,825 435,521 80,245 367,1 D1 80,245 447,348 19 Rolat•d party transactlons There were no disclosable related party transactions during the year12023 - none). 20 Cash gon•rat•d froml{absorbed by) opeyatlons 2024 2023 SurplLJslldelicitl for the year 41.065 (39,71 $1 Adju5tment5 for: Investment income recognised in s181emenl of financial activities Depreciation and impairment of tangible fixed assets 16,0241 3.260 15,2601 2,388 Movements ift woyklng Capital: Decreasellincreasel in deblDrs IDecreasellincrea5e in creditors IDecrea8elIinc88e in dèferred income 4,410 118,6231 19761 118.3761 7.290 2,164 Cash genèrated froml{absorbed by} oparatlons 23,112 151,509}