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2024-12-31-accounts

Charity number: 1205429

Warwickshire Cricket Foundation

Trustees’ Annual Report and Financial statements

For the year ended 31 January 2025

Warwickshire Cricket Foundation

Contents

For the year ended 31 January 2025

Reference and administrative information ..............................................................................1 Trustees’ annual report ..........................................................................................................3 Independent auditor’s report ................................................................................................ 12 Statement of financial activities (incorporating an income and expenditure account) ........... 16 Balance sheet ...................................................................................................................... 17 Statement of cash flows ....................................................................................................... 18 Notes to the financial statements ......................................................................................... 19

Warwickshire Cricket Foundation

Reference and administrative information

For the year ended 31 January 2025

Charity Information

Charity name: Warwickshire Cricket Foundation

Registered charity number: 1205429

Registered office: Edgbaston Stadium, Edgbaston Road, Birmingham, B5 7QU

Names of the trustees who manage the charity:

Cath Muth (Chair) Steve Currie (Treasurer) Mark Axcell Stuart Cain Clare Davison (appointed on 24 March 2025) (Safeguarding Lead Trustee) Imogeen Denton Aaron Dunkley Louise Jones Jade Lester Amil Khan (Equality, Diversity and Inclusion Lead Trustee) Waheed Saleem

Mike Hepburn (resigned September 2024) John Winspear (resigned September 2024)

Principal Officer:

Fidelis Navas, Director of Warwickshire Cricket Foundation.

Auditors

Sayer Vincent 110 Golden Lane London EC1Y 0TG

Bankers

HSBC 130, New Street, Birmingham, B2 4JU

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Warwickshire Cricket Foundation

Reference and administrative information

For the year ended 31 January 2025

Legal Advisors

Higgs LLP 3 Waterfront Business Park, Brierley Hill, West Midlands, DY5 1LX

Incorporation

The Warwickshire Cricket Foundation (WCF) was incorporated on 26 October 2023 by a Memorandum and Articles of Association, with the charity becoming operational on 01 February 2024.

WCF was formed by the merger of the Warwickshire Cricket Board (WCB) and the Edgbaston Foundation (EF) (charity number 1156289) with the aim to take forward and grow the activities of both organisations. The assets, ongoing contracts and activities of the WCB were transferred to WCF on 01 February 2024. The assets of the EF are expected to be transferred during the latter half of 2025, and EF will then close. WCB has already closed.

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

Trustees’ Report

The Trustees present their annual report providing details about WCF’s activities, financial statement and auditors report for the period to January 2025. The financial statement has been prepared in accordance with the accounting policies set out on page 19 and comply with the charity’s memorandum and articles of association and applicable law.

The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. The main activities of WCF in relation to those purposes for the public benefit are detailed below.

Governance

The Trustees hold quarterly Board meetings to review the finance, governance and performance of the charity. These meetings are supported by five Sub-Committees which cover the following areas:

The Sub-Committees meet quarterly ahead of the main Board meeting, and each SubCommittee provides an update report to the Board as a standing agenda item. The SubCommittees are made up of Trustees and members of WCF.

Trustees are appointed to the Board through a recruitment process that includes advertising the role and an interview. Once appointed the new Board member goes through an induction process so they understand their role and responsibilities. They are also given the opportunity to visit several of the programmes and activities the charity runs to see the charity in action.

Remuneration policy

When a role is to be recruited or a pay change is proposed, WCF will take appropriate steps to benchmark pay. The approach will differ depending on the level and nature of the role, but generally we will seek data from a variety of sources to identify a pay range and then determine an appropriate salary within that range for the role. Factors taken into consideration for benchmarking purposes include the role scope, budget responsibilities, and people management responsibilities. The sources of data we use include:

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

All staff pay, including senior managers, is reviewed annually when the following year’s budget is being prepared. The pay review considers inflation, what is happening in the local job market and forward-looking projections. A recommendation is made to the Board of Trustees as part of the budget setting process. If a pay increase is approved, it is paid from the start of the new financial year.

Fundraising

WCF is a signatory of the Code of Fundraising Practice that is administered by the Fundraising Regulator. WCF is compliant with the code and has received no complaints about its fundraising activities.

WCF fundraising approach is managed through its Controls on Income policy. We exercise due diligence prior to accepting significant donations and ensure that any funds accepted:

We receive the majority of our income through long-term partnerships with organisations including the England and Wales Cricket Board (ECB), charities including Chance to Shine, Trusts and Foundations, and corporate partnerships.

WCF does undertake fundraising activities at Edgbaston Stadium during a small number of match days each year. For this we use a third-party fundraiser who fundraises within the hospitality area of the stadium. The third party is a recognised expert in this type of fundraising. The approach is agreed beforehand, and staff monitor the operation during the day to make sure it all runs as planned.

Who we are and what we do

Warwickshire Cricket Foundation (WCF) uses cricket to engage and inspire the public in Warwickshire and Birmingham, making the sport accessible to all and providing a positive environment to enable communities to have a lifelong relationship with the game. We believe in creating an environment of cricket without limits, where everyone can take part and get involved in the sport either on or off the pitch.

WCF has been appointed as Warwickshire County Cricket Club’s chosen charity. Through its work WCF aims to:

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

For the period to January 2025, WCF’s key priorities were focused on:

These aims and priorities were delivered through the following seven workstream areas:

Our activities and what we have delivered

All the programmes and activities WCF has organised, managed and delivered supported the charity’s mission and aims. WCF monitors and measures what it does, and the outcomes achieved, regularly reporting its performance to the Board of Trustees.

Below are some of the activities that WCF organised managed and delivered in the period up to January 2025.

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

Workforce development

WCF delivers training to volunteers who support recreational cricket across Warwickshire and Birmingham and to people who wish to gain qualifications in cricket to pursue employment opportunities. 344 people received training to be coaches, umpires or match officials. This included WCF running a coaching course specifically for deaf people to help facilitate the growth of cricket amongst that community.

Women and Girls

WCF has been the driving force behind developing Women and Girls recreational cricket leagues and competitions across Warwickshire and Birmingham, and encouraging people to get involved. There were 28 clubs with girls sections and 57 girls teams took part in five competitions organised and managed by WCF. For women’s cricket, 39 clubs produced 70 teams who took part in six WCF organised and managed competitions. This involved around 700 women playing cricket.

New leagues are being established across the region with the help of WCF, and a good example is the new Nuneaton Midweek League which involves seven new women’s teams.

WCF is delivering programmes in the community to encourage women and girls to get involved in cricket. Over 200 girls received All Stars Bursaries that enabled them to experience cricket for the first time when WCF partnered with Birmingham and Solihull Women’s Aid and the Warwickshire Girl Guides.

Accessibility

With the support of The Lord’s Taverners WCF ran six disability hubs across the region. The hubs enable people with disability to play cricket both indoors and outdoors all year round.

WCF runs the region’s Table Cricket programme on behalf of The Lord’s Taverners. Eight schools from Warwickshire and Birmingham took part with the games held at Edgbaston’s Indoor Cricket Centre. WCF hosted the regional finals at the same venue, with the winning team going on to the national finals at Lords. In 2024 one of the schools, Fairfax, from Warwickshire and Birmingham reached the national finals.

WCF runs three access cricket teams for Warwickshire, supporting the teams to train, travel and play against other counties. This includes a D40 side, which for the first time entered a hardball league.

Clubs and Leagues

Over one hundred recreational clubs are affiliated to WCF, with WCF supporting them in terms of their compliance with ECB regulations, ground development plans, and club sustainability plans. Fourteen clubs received ECB county grants worth £110,000. In addition to the women and girls leagues and competitions run by WCF highlighted earlier, WCF also

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

manages the leagues and competitions for 327 boys teams covering some 3,500 players. All of this is made possible by the funding received from the ECB.

The number and availability of facilities to play cricket is a major issue. WCF has developed a facilities strategy and works closely with the ECB and regional stakeholders, such as local councils, with the aim to achieve a net gain in facilities over the lifetime of the strategy.

Communities

WCF ran a series of cricket camps during the school holidays throughout the year. Some 565 children from across the region attended these camps which provide young people with the opportunity to engage in cricket and general fitness activities.

Working with the charity Chance to Shine, WCF ran 19 hubs across the region. The hubs ran for 35 weeks on average a year and 425 young people attended. As well as learning about cricket, they are introduced to the benefits of physical activity and wellbeing.

WCF delivers a programme of cricket to young people on behalf of the charity The ACE Programme. WCF worked with 15 schools and ran three community hubs.

In 2024 WCF ran a project for women, funded by United by 22, the Birmingham Commonwealth Games legacy charity, aimed at developing their skills. Two areas in Birmingham with high youth unemployment and a lack of social provision were identified and WCF engaged with 32 young female adults from these areas. Throughout the project, participants were awarded a number of coaching and officiating qualifications while also gaining leadership and coaching experience in cricket and other sports. From this project they gained qualifications, team working and communication skills, and the confidence to apply for jobs.

Schools

WCF works with state primary and secondary schools across Warwickshire and Birmingham introducing 50,000 pupils in 2024/25 to cricket and the associated benefits of physical activity. The charity ran a series of school cricket programmes at 124 primary schools with each school receiving six weeks of cricket coaching and activities. A further 85 introduction to cricket days were held at schools across the region. This was funded by Chance to Shine .

Twenty-five secondary schools took part in Street engagement days, and WCF ran four Chance to Shine Girl Leadership training courses. WCF also undertook coaching sessions for pupils in a further 20 schools.

Cricket festivals are a great way to celebrate the sport and engage young people. Forty-four primary schools festivals and 15 secondary schools festivals were held in the year.

To help sustain cricket in state schools, WCF trained 50 teachers and 25 graduate teachers to be coaches enabling them to run cricket sessions at their schools.

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

Edgbaston Stadium

WCF, through its partnership with Warwickshire County Cricket Club, is invited to use the facilities at Edgbaston Stadium to inspire and engage with the public.

To mark the launch of the charity, 50 young people from schools and affiliated recreational cricket clubs took part in a cricket festival at Edgbaston Stadium. Over 1,100 school children attended a cricket match or a special schools experience to the stadium. A further 300 students attended a careers conference, hosted in partnership with Careers in Sport.

WCF hosted a number of events at the stadium including ones to celebrate Eid, Iftar and Christmas. We also commemorated the 75[th] anniversary of the Windrush generation. 550 people attended these. The charity also continued to run the popular nighttime Ramadan League in the Edgbaston Indoor Centre.

In partnership with Sandwell College, WCF runs a BTEC Level 3 Sports Coaching and Development course at Edgbaston which was attended by 51 students.

Future Plans

In 2025 WCF will produce its five-year Countywide Strategic Plan for the England and Wales Cricket Board (ECB) in June 2025. This will enable WCF to continue to receive funding from the ECB through to 2029 so the charity can continue to deliver its programmes and activities across its seven workstream areas and deliver on its strategic aims.

The charity also has multi-year agreements and ongoing relationships in place with a number of its other main funders including Chance to Shine, The ACE Programme and The Lord’s Taverners.

The plan is to continue to grow the programmes and activities we undertake for the public of Warwickshire and Birmingham, and to increase participation rates to benefit people’s physical and mental wellbeing, champion skills and training, and Inspire through Edgbaston Stadium.

Financial Review

During the year WCF made a surplus of £95.

As at the 31 January 2025 WCF’s bank account balance was £268k.

During the period WCF received a total income of £1.3m. The income figure was supported by a number of our main funders including the England and Wales Cricket Board (ECB), Chance to Shine, The ACE Programme, The MCC Foundation and our own fundraising activities both through Trusts and Foundations and at the Edgbaston Stadium during major match days.

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

WCF has incurred expenditure in relation to charitable activities over this period relating to payroll costs of £888k and other charitable costs of £415k.

The Trustees are confident the charity can operate for at least the next 12 months having reviewed financial forecasts based largely on guaranteed income with the charity having multi-year agreements in place with funders. These forecasts and a positive cashflow indicate that the charity will achieve a surplus over the forthcoming 12 months.

Reserves

The Board of Trustees for Warwickshire Cricket Foundation requires sufficient reserves to be able to ensure that the Foundation is a financially sustainable organisation that can continue to deliver recreational and community based cricket and activities associated with cricket in Warwickshire and Birmingham.

The Reserves Policy considers:

The reserve is maintained to fund the Foundation’s largest operational expenditure, its employee costs, in the short-term for the period of three months should the need arise. This equates to a target level of free reserves of £90k for staff not directly funded by specific restricted funding. At 31 January the charity held £125k of free reserves which will be increased during 2025/26.

Grants

WCF only distribute grants as directed by the England and Wales Cricket Board (ECB) for specific programmes designed to support recreational cricket club development and improvement work. The funding amounts are set by the ECB and WCF monitors who receives the grants and the work intended is carried out.

Risk Management

The charity’s risks are managed through the Board of Trustees and the charity’s senior leadership team. A specific Trustees Sub-committee has been established to oversee Safeguarding and Risk, reporting into the main Board of Trustees. This Sub-committee reviews the detail in the charity’s Risk Register, and the quarterly Safeguarding Report produced by the charity’s Safeguarding Manager. A report covering both areas is then submitted to the Board of Trustees meeting and the topics discussed as a standing agenda item.

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

Safeguarding

WCF’s staff have day-to-day engagement with young and vulnerable people, with the Board prioritising the safeguarding of these individuals. The Board has a designated Safeguarding Lead who oversees the process, with Safeguarding a standing agenda item at every Board meeting. All staff are suitably trained and require an up-to-date DBS to be able to work with young and vulnerable people. WCF’s Safeguarding and Compliance Manager is responsible for monitoring and reporting issues to the Board, and, if necessary, use the routes available through the ECB and Cricket Regulator to manage any issues.

Financial Sustainability

The Trustees review WCF’s financial position at each Board meeting and at the Finance and Fundraising Sub-committee. Through the provision of financial information and the scrutiny placed upon it, the Board makes sure that the charity continues as a going concern.

Statement of Responsibilities of the Trustees

The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2025

Declaration

The trustees declare that they have approved the trustees’ report above

Signed on behalf of the charity’s trustees:

Signature: Full name: Catherine Muth Position: Chair Date: 15 October 2025

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Independent auditor’s report

To the members of

Warwickshire Cricket Foundation

Opinion

We have audited the financial statements of Warwickshire Cricket Foundation (the ‘charity’) for the year ended 31 January 2025 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Warwickshire Cricket Foundation's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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Independent auditor’s report

To the members of

Warwickshire Cricket Foundation

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. 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 extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

13

Independent auditor’s report

To the members of

Warwickshire Cricket Foundation

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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Independent auditor’s report

To the members of

Warwickshire Cricket Foundation

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity's trustees as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

24 October 2025

Sayer Vincent LLP, Statutory Auditor

110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

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The Warwickshire Cricket Foundation

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 January 2025

For theyear ended 31January2025
Note
Income from:
3
4
4
5
6
6
6
7
Reconciliation of funds:
Donations and legacies
Charitable activities
Total expenditure
Charitable activities
Provision of cricket programmes
Educational Initiatives
Provision of cricket programmes
Educational Initiatives
Raising funds
Total income
Expenditure on:
Other trading activities
Net income / (expenditure) for the year
Total funds carried forward
Net movement in funds
Total funds brought forward		 Unrestricted
£
63,581
380,612
100,079
53,790		 Restricted
£
-
664,729
39,900
-		 16 months
2025
2024
Total
Total
£
£
63,581
15,397
1,045,341
1,219,725
139,979
138,358
53,790
67,175
598,062 704,629 1,302,691
1,440,655
47,047
374,661
177,695		 -
660,189
43,004		 47,047
40,471
1,034,850
1,163,014
220,699
236,493
599,403 703,193 1,302,596
1,439,978
(1,341)
(1,341)
126,452		 1,436
1,436
32,531		 95
677
95
677
158,983
158,306
125,111 33,967 159,078
158,983

As the new Charitable Incorporated Organisation (CIO) had five Warwickshire Cricket Board and four Edgbaston Foundation Trustees when it was established and carries out the same activities, the accounts are prepared as if it is one continuing entity. As such the financial statements show the comparative information of the former company and present the financial information for the CIO and company in 2024 as if undertaken by the CIO.

As a result the assets of the former company are presented as the CIO’s reserves and therefore no actual transfer of assets is visible within the financial statements.

Note the financial figures for 2023/24 cover a 16 month period.

16

The Warwickshire Cricket Foundation

Balance sheet

As at 31 January 2025

Note
Fixed assets:
12
Current assets:
13
Liabilities:
14
17a
Cash at bank and in hand
Tangible assets
Debtors
Restricted income funds
Unrestricted income funds:
Total net assets
Total assets less current liabilities
General funds
Total unrestricted funds
Total charity funds
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets		 £
110,941
267,989		 2025
£
78		 2024
£
106
78
159,000		 106
29,224
385,308
378,930
(219,930)		 414,532
(255,655)
158,877
125,111
159,078
159,078		 158,983
158,983
33,967
125,111		 32,531
126,452
159,078 158,983

Approved by the trustees on 15 October 2025 and signed on their behalf by

Cath Muth Chair of trustees

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The Warwickshire Cricket Foundation

Statement of cash flows

For the year ended 31 January 2025

For the year ended 31 January 2025
2025
£ £
Cash flows from operating activities
Net income for the reporting period 95
(as per the statement of financial activities)
Depreciation charges 28
(Increase) in debtors (81,717)
(Decrease) in creditors (35,725)
Net cash used in operating activities (117,319)
Change in cash and cash equivalents in the year (117,319)
Cash and cash equivalents at the beginning of the year 385,308
Cash and cash equivalents at the end of the year 267,989

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The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

1 Accounting policies

Warwickshire Cricket Foundation is a charitable company limited by guarantee and is incorporated in England.

The registered office address is The County Ground, Edgbaston, Birmingham, B5 7QU.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The charity meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. This is on the basis of funding guarantees with key funders such as ECB and multi-year contracts in place with other key partners.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

19

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

k) Allocation of support costs

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned through an estimate, based on staff time, of the amount attributable to each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

25% reducing

m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

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The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

1 Accounting policies (continued)

n) Short term deposits

Short term deposits includes cash balances that are invested in accounts with a maturity date of between 3 and 12 months.

o) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

p) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

q) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

The charity operates a defined contribution pension scheme for its employees. This scheme is not contracted-out of the state scheme.

2 Detailed comparatives for the statement of financial activities
Detailed comparatives for the statement of financial activities
Total expenditure
Net movement in funds
Net income / (expenditure)
Transfers between funds
Expenditure on:
Raising funds
Charitable activities
Total funds brought forward
Total funds carried forward
Total income
Income from:
Donations and legacies
Charitable activities
Other trading activities		 £
15,397
810,324
67,175
Unrestricted		 Restricted
£
-
547,759
-		 16 months
2024
Total
£
15,397
1,358,083
67,175
892,896 547,759 1,440,655
40,471
796,343		 -
603,164		 40,471
1,399,507
836,814 603,164 1,439,978
56,082
-		 (55,405)
-		 677
-
56,082
70,370		 (55,405)
87,936		 677
158,306
126,452 32,531 158,983

21

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

the year ended 31 January 2025
Donations
Affiliation fees
England and Wales Cricket Board
Chance to Shine
ACE
The Lord Taverners Access Cricket
ECB Core Cities
Sky Dynamos Intros
ECB National Programmes All Stars & Dynamos
United by 22
Lord’s Taverners Wicketz
Other
Sub-total for Provision of cricket programmes
Schools coaching
Schools and youth competitions
Training courses and workshops
Sandwell College
Sub-total for Educational Initiatives
Total income from charitable activities
Holiday camps
Income from other trading activities
Income from charitable activities
Income from donations		 Unrestricted
£
54,340
9,241		 £
-
-
Restricted		 2025
Total
£
54,340
9,241		 16 months
2024
Total
£
5,757
9,640
63,581 - 63,581 15,397
Unrestricted
£
351,750
-
-
-
-
-
-
-
-
28,862		 £
148,097
219,599
88,750
37,912
65,750
49,362
36,165
10,600
8,494
-
Restricted		 2025
Total
£
499,847
219,599
88,750
37,912
65,750
49,362
36,165
10,600
8,494
28,862		 16 months
2024
Total
£
641,307
330,283
47,880
53,605
72,661
37,500
5,830
-
-
30,659
380,612
37,110
24,221
38,748
-		 664,729
-
-
-
39,900		 1,045,341
37,110
24,221
38,748
39,900		 1,219,725
38,785
52,497
47,076
-
100,079 39,900 139,979 138,358
480,691 704,629 1,185,320 1,358,083
Unrestricted
£
53,790		 £
-
Restricted		 2025
Total
£
53,790		 16 months
2024
Total
£
67,175
53,790 - 53,790 67,175

4 Income from charitable activities

All income from trading activities is unrestricted.

22

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

6a Analysis of expenditure (current year)

Staff costs (Note 8)
Coaching and delivery costs
Other costs
Support costs
Governance costs
Total expenditure 2025		 Raising
funds
£
-
11,754
16,416		 Charitable activities Charitable activities Support
costs
£
93,968
-
64,148		 Governance
costs
2025
Total
£
£
-
887,939
-
291,158
10,100
123,498
10,100
1,302,596
-
-
(10,100)
-
-
1,302,596
Provision o~~f~~
cricket
programmes
£
681,972
222,366
16,417		 Educational
Initiatives
£
111,999
57,039
16,417
28,170
17,867
1,010		 920,755
107,025
7,070		 185,455
33,224
2,020		 158,116
(158,116)
-
47,047 1,034,850 220,699 -

23

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

6b Analysis of expenditure (prior period)

Staff costs (Note 8)
Coaching and delivery costs
Other costs
Support costs
Governance costs
Total expenditure 2024		 Raising
funds
£
-
538
22,111
22,649
17,562
260
40,471		 Charitable activities Charitable activities Support
costs
£
82,539
-
64,263
146,802
(146,802)
-
-		 Governance
costs
£
-
-
2,600		 16 months
2024 Total
£
917,686
389,096
133,196
Provision o~~f~~
cricket
programmes
£
735,423
307,646
22,111
1,065,180
96,014
1,820
1,163,014		 Educational
Initiatives
£
99,724
80,912
22,111
202,747
33,226
520
236,493
2,600
-
(2,600)		 1,439,978
-
-
- 1,439,978

24

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

e year ended 31 January 2025
Net income / (expenditure) for the year
This is stated after charging / (crediting): 16 months
2025 2024
£ £
Depreciation 28 36
Auditor's remuneration (excluding VAT):
Audit 10,100 2,600

8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Other forms of employee benefits
Staff costs were as follows:		 2025
£
765,767
67,087
40,988
14,097
887,939		 16 months
2024
£
791,145
71,618
40,811
14,112
917,686

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £128k (2024 16 months: £142k).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

No employee earned a salary over £60,000 during this financial year (2024: none).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2024: £nil) relating to attendance at meetings of the trustees.

9 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 28 (2024: 23).

10 Related party transactions

There are no related party transactions to disclose for this financial year (2024: none). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

11 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Tangible fixed assets

Tangible fixed assets
At the start of the year
At the end of the year
Net book value
At the end of the year
Cost
At the end of the year
At the start of the year
At the start of the year
Depreciation
Charge for the year		 Computer
equipment
£
336
336
230
28
258
78
106		 Total
£
336
336
230
28
258
78
106

All of the above assets are used for charitable purposes.

25

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

13 Debtors

For the year ended 31 January 2025
13
Debtors
14
Creditors: amounts falling due within one year
Trade creditors
Accruals
Deferred income (note 15)
Trade debtors
Other debtors		 2025
£
77,091
33,850
110,941
2025
£
26,855
10,000
183,075
219,930		 2024
£
29,224
-
29,224
2024
£
-
5,914
249,741
255,655

15 Deferred income

Deferred income comprises funding for which projects will be completed in the following financial year.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Tangible fixed assets
Tangible fixed assets
Analysis of net assets between funds (current year)
Net current assets
Net assets at 31 January 2025
Analysis of net assets between funds (prior period)
Net current assets
Net assets at 31 January 2024		 General
unrestricted
£
78
125,033		 2025
£
249,741
(249,741)
183,075
183,075
Restricted
£
-
33,967
33,967
Restricted
£
-
32,531
32,531		 2024
£
89,640
(89,640)
249,741
249,741
Total funds
£
78
159,000
125,111 159,078
General
unrestricted
£
106
126,346
126,452		 Total funds
£
106
158,877
158,983

16a Analysis of net assets between funds (current year)

16b Analysis of net assets between funds (prior period)

26

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

For the year ended 31 January 2025
17a
Restricted funds:
England and Wales Cricket Board
Chance to Shine
ACE
The Lord Taverners Access Cricket
ECB Core Cities
Sky Dynamos Intros
ECB National Programmes All Stars & Dynamos
United by 22
Lord’s Taverners Wicketz
Sandwell College
Total restricted funds
General funds
Total funds
Total unrestricted funds
Unrestricted funds:
Movements in funds (current year)		 At 1
February
2024
£
20,000
5,448
(10,638)
6,948
13,181
6,723
(9,131)
-
-
-
32,531
126,452
126,452
158,983		 Income &
gains
£
148,097
219,599
88,750
37,912
65,750
49,362
36,165
10,600
8,494
39,900
704,629
598,062
598,062
1,302,691		 Expenditure
& losses
£
(172,436)
(226,382)
(73,683)
(29,560)
(66,035)
(50,648)
(31,535)
(3,443)
(6,467)
(43,004)
(703,193)
(599,403)
(599,403)
(1,302,596)		 At 31
January 2025
£
(4,340)
(1,335)
4,429
15,300
12,897
5,437
(4,501)
7,157
2,027
(3,104)
33,967
125,111
125,111
159,078

The narrative to explain the purpose of each fund is given at the foot of the note below.

27

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2025

17b Movements in funds (prior period)

e year ended 31 January 2025
Movements in funds (prior period)
Restricted funds:
England and Wales Cricket Board
Chance to Shine
ACE
The Lord Taverners Access Cricket
ECB Core Cities
Sky Dynamos Intros
ECB National Programmes All Stars & Dynamos
Total restricted funds
General funds
Unrestricted funds:
Total unrestricted funds
Total funds		 At 1 October
2023
£
-
4,802
(2,943)
3,188
10,000
10,371
(1,704)
23,714
134,592
134,592
158,306		 Income &
gains
£
141,760
330,283
47,880
53,605
72,661
37,500
5,830
689,519
751,136
751,136
1,440,655		 Expenditure
& losses
£
(121,760)
(329,637)
(55,575)
(49,845)
(69,480)
(41,148)
(13,257)
(680,702)
(759,276)
(759,276)
(1,439,978)		 At 1
February
2024
£
20,000
5,448
(10,638)
6,948
13,181
6,723
(9,131)
32,531
126,452
126,452
158,983

Purposes of restricted funds

England and Wales Cricket Board

Funding to provide EDI activities, disability cricket teams and work within school. This is separate to the core funding received.

Chance to Shine

Funding to provide cricket programmes, activities and events to primary and secondary school pupils, as well as running community cricket hubs across the county.

ACE

Funding to run community, school and academy cricket activities for young people from an African and/or Caribbean background.

The Lord Taverners Access Cricket

Funding to run access cricket hubs, schools Table Cricket, Super 1s and access cricket teams for people with disabilities.

ECB Core Cities

Funding to deliver cricket activities specifically to urban communities in Birmingham

Sky Dynamos Intros

Funding to offer opportunities for young people to join introductory cricket programmes and events.

ECB National Programmes All Stars & Dynamos

Funding to offer opportunities for young people to join introductory cricket programmes and events.

United by 22

Funded by the Birmingham 2022 Commonwealth Games Legacy Fund, this is a year long programme for young women to gain employability

Lord’s Taverners Wicketz

Funded by the Lords Taverners, this is a programme that delivers weekly coaching at community cricket hubs all year round for young people from traditionally excluded communities.

Sandwell College

Warwickshire Cricket Foundation, Warwickshire County Cricket Club and Sandwell College have partnered up to deliver the Edgbaston Cricket Education Programme, a two-year further education course.

28