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2026-01-31-accounts

WARWICKSHIRE CRICKET OUNDATIONi HI INANCIAL,STATEMEpITS' et PoLtsid,atio -

Warwickshire Cricket Foundation

Contents

For the year ended 31 January 2026

Reference and administrative information ..............................................................................1 Trustees’ annual report ..........................................................................................................2 Independent auditor’s report ................................................................................................ 13 Statement of financial activities (incorporating an income and expenditure account) ........... 17 Balance sheet ...................................................................................................................... 18 Statement of cash flows ....................................................................................................... 19 Notes to the financial statements ......................................................................................... 20

Warwickshire Cricket Foundation

Reference and administrative information

For the year ended 31 January 2026

Warwickshire Cricket Foundation Trustees’ Annual Report

For the year 1 February 2025 to 31 January 2026

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) Mark Axcell (Vice Chair and Independent Trustee) Steve Currie (Treasurer) Stuart Cain Clare Davison (appointed on 24 March 2025) (Safeguarding Lead) Imogeen Denton Aaron Dunkley Louise Jones Jade Lester Amil Khan (Equality, Diversity and Inclusion Lead) Waheed Saleem (Resigned 17 April 2026)

Principal Officers:

Fidelis Navas, Managing Director of Warwickshire Cricket Foundation. Chris Kenny, Head of Community Cricket and Engagement Graham Frankland, Head of Recreational Cricket and Operations

Auditors

Sayer Vincent 110 Golden Lane, London, EC1Y 0TG

Bankers

HSBC 130, New Street, Birmingham, B2 4JU

Legal Advisors

JMW Solicitors 1 Byrom Place, Manchester, M3 3HG

1

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

Welcome from our Chair and Managing Director

Welcome to our 2025/26 Annual Report and Accounts.

It has been a year of growth for us at the Warwickshire Cricket Foundation (WCF) in terms of the number of people benefiting from our programmes because we have been successful in increasing our income. Our programmes and activities are for the people who live in Warwickshire, stretching from the edge of the Cotswolds in the south to the former mining communities on our northern border, and includes Coventry, Solihull and Birmingham.

Our mission is to provide diverse, high-quality opportunities for people to engage with the many facets of the cricket world by being a leading force in making cricket accessible and enriching for all, fostering a deeper connection with the sport’s diverse opportunities both on and off the pitch. Through our programmes and activities we focus on:

2025/26 saw us achieve a number of key milestones that have helped us to secure long term funding streams. We launched our strategy Cricket Without Limits to over 70 stakeholders in December. This strategy is supported by the England and Wales Cricket Board (ECB), and, alongside gaining ‘Ready to Invest’ status from them, has guaranteed ECB funding through to 2029.

Through our work and the plans in our strategy, WCF won the Best Innovation award at the ECB’s Impact of Cricket Awards. The ECB praised our bold strategy which places cricket at the heart of social change.

We have been able to secure a number of new funding partnerships such as a five year programme with Birmingham and Solihull Women’s Aid, funded by Comic Relief, to use cricket and sport to help build resilience in young people impacted by domestic violence. The additional funding has resulted in our income increasing from £1.3m in 2024/25 to £1.6m in 2025/26.

More people than ever are playing cricket and taking part in the programmes and activities we deliver as we work with our recreational clubs and communities to make cricket the most inclusive team sport in the country. Here are a number of highlights from the year:

2

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

We are hugely grateful to all of our funders. Without you none of the above would be possible. Thank you.

We would also like to thank all the volunteers across Warwickshire and Birmingham who support recreational and community cricket enabling tens of thousands of people to enjoy the game they love.

Cath Muth Chair Warwickshire Cricket Foundation

Fidelis Navas Managing Director Warwickshire Cricket Foundation

Trustees Report

The Trustees present their annual report providing details about Warwickshire Cricket Foundation’s (WCF’s) activities, financial statement and auditors report for the period to the end of January 2026. The financial statement has been prepared in accordance with the accounting policies set out on pages 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 contained within the activities and achievements section.

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:

3

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

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 staff 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 run 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:

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. WCF also supports the real living wage. A recommendation is made to the 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’s 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.

4

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

WCF undertakes 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.

Who we are and what we do

WCF uses cricket to engage and inspire the public in Warwickshire and Birmingham, making the sport accessible to all and provides 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 is Warwickshire County Cricket Club’s chosen charity partner. Together we utilise Edgbaston Stadium and our programmes to:

5

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

For the period to January 2026, 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 Trustees.

Below are some of the activities that WCF organised, managed and delivered in the period up to the end of January 2026.

6

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

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. Five hundred and sixty people were trained by WCF, an increase of over 60% on the previous year. Of these who were trained, 100 were aged between 14 and 24 years old. This was achieved by a number of new coaching programmes introduced by WCF, including one with Birmingham City University to help its students to develop their coaching and employability skills.

In 2025 the Warwickshire Coach Association was incorporated into our operational framework, we relaunched the Warwickshire Grounds Association and we continued to work in close partnership with the Warwickshire County Association of Cricket Officials. The Grounds Association has been a particular success with over 50 people who work on recreational pitches across the county attending our meetings and development days.

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. In 2025 there was a 75% increase in women and girls fixtures compared to the previous year. There were 92 women’s teams and 70 girls teams in the county with the offer of over 580 fixtures and 19 cricket festivals all managed by WCF.

WCF delivered programmes in the community to encourage women and girls to get involved in cricket, including the ECB’s Cricket Cities which saw over 1,300 participants in 2025.

Accessibility

With the support of the Lord’s Taverners WCF ran eight disability hubs across the region and worked with over 1,300 pupils in 36 SEN schools. The hubs enable people with disability to play cricket both indoors and outdoors all year round.

Thanks to two new funders WCF has been able to increase its accessibility programmes. Funding from 29[th] May 1961 Charitable Trust has enabled WCF to support a Visually Impaired cricket team in Birmingham with their venue hire and coaching. Funding from The Eveson Trust has enabled WCF to open two new hubs, one in Balsall Heath, Birmingham and one in Foleshill, Coventry. The new hubs have attracted over 50 people to weekly and bi-weekly cricket sessions.

WCF managed three access cricket teams for Warwickshire, supporting the teams to train, travel and play against other counties in national competitions.

7

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

Clubs and Leagues

Over one hundred recreational clubs were affiliated to WCF. We supported them in terms of their compliance with ECB regulations, ground development plans, and club sustainability plans. Ten clubs received ECB county grants worth £102,000 for inclusive growth which we helped to facilitate.

In addition to the women and girls leagues and competitions run by WCF highlighted earlier, WCF also managed the leagues and competitions for 357 boys teams across the county, and 3,000 young people played cricket for the first time through the ECB’s All Stars and Dynamos programme following an extensive promotional campaign led by WCF that went to over 80 schools.

The number and availability of facilities to play cricket is high on our risk register. WCF has developed a facilities strategy and works closely with the ECB, Sport England and regional stakeholders, such as local councils, with the aim to achieve a net gain in facilities over the lifetime of the strategy. In 2025 there was a net gain of two grass pitches and two non-turf pitches.

Communities

In total 4,788 people took part in WCF’s community programmes thanks to our funders. Some of the highlights included the following:

Schools

WCF worked with state primary and secondary schools across Warwickshire and Birmingham introducing over 29,000 pupils to cricket and the associated benefits of physical activity and team work. WCF worked in one in four primary schools in the region. Thanks to funding from Chance to Shine, WCF ran programmes in 204 primary schools and 24 secondary schools. WCF also ran its own primary schools cricket programme involving 800 pupils.

8

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

Cricket festivals are a great way to celebrate the sport and engage young people. Some 300 young people from 44 teams took part in the secondary school competitions run by WCF.

To help sustain cricket in state schools, WCF trained 80 teachers and 35 graduate teachers to be coaches enabling them to run cricket sessions at their schools.

WCF ran a series of cricket camps during the school holidays throughout the year which were attended by 377 young people from across the region. The camps provided young people with the opportunity to engage in cricket and general fitness activities.

Edgbaston Stadium

WCF, through its partnership with Warwickshire County Cricket Club (WCCC), uses the world class facilities at Edgbaston Stadium to inspire and engage the public. In 2025, WCF hosted over 1,000 school pupils for free at the annual schools match day experience. Our numerous community and schools programmes enabled over 500 young people to play cricket at Edgbaston, overseen by WCF’s coaches.

In a first, WCF ran a work experience week at the stadium for pupils from Bishop Challoner School, Kings Heath, Birmingham. The week included time for the pupils to see and experience all the different work opportunities at the stadium including hospitality, retail, marketing and the work of WCF.

WCF hosted a number of events at the stadium for regional community groups as part of the club’s and our EDI strategy, Edgbaston for Everyone. These events included ones to celebrate Eid, Diwali, Christmas and the Windrush generation. Over 2,000 people attended these events. In addition, WCF continued to run the popular nighttime Ramadan League for young adults, and as a first ran a women and girls Ramadan festival at the stadium.

In partnership with Sandwell College, WCF runs a BTEC Level 3 Cricket Education Programme at Edgbaston which was attended by 51 students.

Plans for the Future

In 2025 WCF published its five-year Countywide Strategic Plan and strategy to 2029 called ‘Cricket Without Limits’. Both were approved by the ECB which enables WCF to continue to receive funding from the ECB through to 2029. WCF also achieved ‘Ready to Invest’ status from the ECB which enables it to bid for additional funds to support specific projects.

The charity has multi-year agreements and ongoing relationships in place with a number of its other main funders including Chance to Shine, The ACE Programme, The Lord’s Taverners, The MCC Foundation, The HS2 Community Fund, and Birmingham and Solihull Women’s Aid (funded through Comic Relief).

9

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

WCF will be exploring opportunities that the ECB’s new Strategic Facilities Fund offers to grow the recreational game across Warwickshire and Birmingham. The charity has every intention to apply to this fund with the aim to benefit women and girls, disabled participants, lower socio-economic groups or ethnically diverse communities as part of making cricket the most inclusive team sport.

WCF will continue to grow the programmes and activities it undertakes for the people 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 £64k. This included an exceptional income item of £56k from the merger and closing of the Edgbaston Foundation.

As at the 31 January 2026 WCF’s bank account balance was £414k.

During the period WCF received a total income of £1.6m. The income figure was supported by a number of our main funders including the ECB, Chance to Shine, The Lord’s Taverners and its own fundraising activities both through Trusts and Foundations and at the Edgbaston Stadium during major match days.

WCF has incurred expenditure in relation to charitable activities over this period relating to payroll costs of £1m and other charitable costs of £526k.

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 requires sufficient reserves to be able to ensure that the WCF 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:

10

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

The reserve is maintained to fund the WCF’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 £113k for staff not directly funded by specific restricted funding. At 31 January the charity held £174k of free reserves. This is above the target level and will be used to cover the increasing costs associated with ongoing operations, and in growing the charity’s activities and reach.

Grants

WCF only recommends the distribution of grants from the ECB for specific programmes designed to support recreational cricket club development and improvement work. The funding amounts are set by the ECB, the money is distributed by the ECB with WCF monitoring who receives the grants and that the work 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 Risks and Safeguarding, reporting into the main Board. This Sub-committee reviews the detail in the charity’s Risk Register, and the quarterly Safeguarding Report produced by the charity’s Safeguarding and Compliance Manager. A report covering both areas is then submitted to the Board meeting and the topics discussed as a standing agenda item.

Safeguarding

WCF’s staff have day-to-day engagement with young and vulnerable people, with the Board of Trustees 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. WCF meets all required standards for safeguarding and compliance from our governing body.

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. The Board also approves the charity’s annual budget.

11

Warwickshire Cricket Foundation

Trustees’ annual report

For the year ended 31 January 2026

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.

Declaration

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

Signed on behalf of the charity’s trustees:

Signature: Full name: Cath Muth Position: Chair of Trustee Date:15 June 2026

12

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 2026 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.

13

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.

14

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:

15

Independent auditor’s report

To the members of

Warwickshire Cricket Foundation

judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

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.

29 June 2026

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

16

The Warwickshire Cricket Foundation

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

For the year ended 31 January 2026

Note
Income from:
3
4
4
5
18
6
6
6
7
Reconciliation of funds:
Net income / (expenditure) for the year
Total funds carried forward
Net movement in funds
Total funds brought forward
Total expenditure
Charitable activities
Provision of cricket programmes
Educational Initiatives
Provision of cricket programmes
Educational Initiatives
Raising funds
Transfer of assets from Edgbaston Foundation
Total income
Expenditure on:
Other trading activities
Donations and legacies
Charitable activities		 Unrestricted
£
54,804
483,794
94,700
46,485
56,000		 Restricted
£
-
843,030
39,900
-
-		 2026
2025
Total
Total
£
£
54,804
63,581
1,326,824
1,045,341
134,600
139,979
46,485
53,790
56,000
-
735,783 882,930 1,618,713
1,302,691
45,459
470,154
170,046		 -
775,901
91,933		 45,459
47,047
1,246,055
1,034,850
261,979
220,699
685,659 867,834 1,553,493
1,302,596
50,124
50,124
125,111		 15,096
15,096
33,967		 65,220
95
65,220
95
159,078
158,983
175,235 49,063 224,298
159,078

17

The Warwickshire Cricket Foundation

Balance sheet

As at 31 January 2026

Note
Fixed assets:
12
Current assets:
13
Liabilities:
14
17a
Total unrestricted funds
Total charity funds
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Total assets less current liabilities
Restricted income funds
Unrestricted income funds:
General funds
Cash at bank and in hand
Tangible assets
Debtors		 £
47,335
413,508		 2026
£
58		 2025
£
78
58
224,240		 78
110,941
267,989
460,843
(236,603)		 378,930
(219,930)
159,000
175,235
224,298
224,298		 159,078
159,078
49,063
175,235		 33,967
125,111
224,298 159,078

Approved by the trustees on 15 June 2026 and signed on their behalf by

Cath Muth Chair of trustees

18

The Warwickshire Cricket Foundation

Statement of cash flows

For the year ended 31 January 2026

For the year ended 31 January 2026
2026 2025
£ £ £ £
Cash flows from operating activities
Net income for the reporting year 65,220 95
(as per the statement of financial activities)
Depreciation charges 20 28
Decrease / (Increase) in debtors 63,606 (81,717)
Increase / (Decrease) in creditors 16,673 (35,725)
Net cash used in operating activities 145,518 (117,319)
Change in cash and cash equivalents in the year 145,518 (117,319)
Cash and cash equivalents at the beginning of the year 267,989 385,308
Cash and cash equivalents at the end of the year 413,508 267,989

19

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

a) Statutory information

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.

f) Donations of gifts, services and facilities

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.

20

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

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:

 Computer equipment

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.

21

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

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

q) Financial instruments

r) Pensions

Detailed comparatives for the statement of financial activities
Total income
Income from:
Donations and legacies
Charitable activities
Other trading activities
Expenditure on:
Raising funds
Charitable activities
Total funds brought forward
Total funds carried forward
Total expenditure
Net movement in funds
Net income / (expenditure)
Transfers between funds		 £
63,581
480,691
53,790
Unrestricted		 Restricted
£
-
704,629
-		 2025
Total
£
63,581
1,185,320
53,790
598,062 704,629 1,302,691
47,047
552,356		 -
703,193		 47,047
1,255,549
599,403 703,193 1,302,596
(1,341)
-		 1,436
-		 95
-
(1,341)
-		 1,436
-		 95
-
(1,341) 1,436 95

22

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

For the year ended 31 January 2026
3
Donations
Affiliation fees
4
England and Wales Cricket Board
Chance to Shine
The ACE Programme
The Lord's Taverners Access Cricket
ECB Cricket Cities
Dynamos Intros
United by 22
The Eveson Trust
Birmingham and Solihull Women's Aid
The Lord’s Taverners Wicketz
The Bob Willis Fund
MCC Foundation
ECB National Programmes All Stars & Dynamos
The HS2 Community Fund
Birmingham City Council
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
5
Holiday camps
Income from charitable activities
Income from donations
Income from other trading activities		 Unrestricted
£
44,104
10,700		 Restricted
£
-
-		 2026
Total
£
44,104
10,700		 2025
Unrestricted
Total
£
£
54,340
54,340
9,241
9,241
54,804 - 54,804 63,581
63,581
Unrestricted
£
481,374
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,420		 Restricted
£
128,750
254,550
73,740
59,219
90,892
64,500
30,000
20,000
19,104
16,643
16,230
15,923
14,920
13,050
13,000
12,509		 2026
Total
£
610,124
254,550
73,740
59,219
90,892
64,500
30,000
20,000
19,104
16,643
16,230
15,923
14,920
13,050
13,000
14,929		 2025
Unrestricted
Total
£
£
351,750
499,847
-
219,599
-
88,750
-
37,912
-
65,750
-
49,362
-
10,600
-
-
-
-
-
8,494
-
-
-
-
-
36,165
-
-
-
-
28,862
28,862
483,794
37,904
14,571
42,225
-		 843,030
-
-
-
39,900		 1,326,824
37,904
14,571
42,225
39,900		 380,612
1,045,341
37,110
37,110
24,221
24,221
38,748
38,748
-
39,900
94,700 39,900 134,600 100,079
139,979
578,494 882,930 1,461,424 480,691
1,185,320
Unrestricted
£
46,485		 Restricted
£
-		 2026
Total
£
46,485		 2025
Unrestricted
Total
£
£
53,790
53,790
46,485 - 46,485 53,790
53,790

All income from trading activities is unrestricted.

23

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

6a Analysis of expenditure (current year)

Staff costs (Note 8)
Coaching and delivery costs
Other costs
Support costs
Governance costs
Total expenditure 2026		 Raising
funds
£
-
3,075
20,639		 Charitable activities Charitable activities Support
costs
£
132,502
-
79,780		 Governance
costs
£
-
-
17,604		 2026
Total
2025
Total
£
£
1,027,491
887,939
366,701
291,159
159,301
123,498
Provision of
cricket
programmes
£
779,657
279,590
20,639		 Educational
Initiatives
£
115,332
84,036
20,639
23,714
19,985
1,760		 1,079,886
153,846
12,323		 220,007
38,451
3,521		 212,282
(212,282)
-		 17,604
-
(17,604)		 1,553,493
1,302,596
-
-
-
-
45,459 1,246,055 261,979 - - 1,553,493
1,302,596

24

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

6b Analysis of expenditure (prior year)

Staff costs (Note 8)
Coaching and delivery costs
Other costs
Support costs
Governance costs
Total expenditure 2025		 Raising
funds
£
-
11,754
16,416
28,170
17,867
1,010
47,047		 Charitable activities Charitable activities Support
costs
£
93,968
-
64,148
158,116
(158,116)
-
-		 Governance
costs
2025 Total
£
£
-
887,939
-
291,159
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
920,755
107,025
7,070
1,034,850		 Educational
Initiatives
£
111,999
57,039
16,417
185,455
33,224
2,020
220,699

25

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2026 2025
£ £
Depreciation 20 28
Auditor's remuneration (excluding VAT):
Audit 10,400 10,100

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Other forms of employee benefits		 2026
£
867,826
91,656
44,986
23,023		 2025
£
765,767
67,087
40,988
14,097
1,027,491 887,939

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £126k (2025: £128k).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2025: £nil). No charity trustee received payment for professional or other services supplied to the charity (2025: £nil).

No employee earned a salary over £60,000 during this financial year (2025: none).

Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2025: £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 36 (2025: 28).

10 Related party transactions

During the financial year a transfer of £86k from Edgbaston Foundation to Warwickshire Cricket Foundation was made (2025: none). Of this balance, £30k was used to settle an existing debtor and £56k has been treated as a donation in the SOFA.

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
Depreciation
Charge for 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
At the start of the year		 Computer
equipment
£
336		 Total
£
336
336 336
258
20		 258
20
278 278
58 58
78 78

All of the above assets are used for charitable purposes.

26

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

13 Debtors

13
Debtors
14
15
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
Trade debtors
Other debtors
Deferred income
Deferred income comprises funding for which projects will be completed in the following financial year.
Trade creditors
Creditors: amounts falling due within one year
Accruals
Deferred income (note 15)		 2026
£
39,835
7,500		 2025
£
77,091
33,850
47,335 110,941
2026
£
7,322
28,623
200,658		 2025
£
26,855
10,000
183,075
236,603 219,930
2026
£
183,075
(183,075)
200,658		 2025
£
249,741
(249,741)
183,075
200,658 183,075

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

Analysis of net assets between funds (current year)
Net assets at 31 January 2025
Net assets at 31 January 2026
Analysis of net assets between funds (prior year)
Net current assets
Net current assets
Tangible fixed assets
Tangible fixed assets		 General
unrestricted
£
58
175,177		 Restricted
£
-
49,063		 Total funds
£
58
224,240
175,235 49,063 224,298
General
unrestricted
£
78
125,033		 Restricted
£
-
33,967		 Total funds
£
78
159,000
125,111 33,967 159,078

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

27

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

17a Movements in funds (current year)

Movements in funds (current year)
Restricted funds:
England and Wales Cricket Board
Chance to Shine
The ACE Programme
The Lord's Taverners Access Cricket
ECB Cricket Cities
Dynamos Intros
United by 22
The Eveson Trust
Birmingham and Solihull Women's Aid
The Lord’s Taverners Wicketz
The Bob Willis Fund
MCC Foundation
ECB National Programmes All Stars & Dynamos
The HS2 Community Fund
Birmingham City Council
Sandwell College
Other
Total restricted funds
General funds
Unrestricted funds:
Total funds
Total unrestricted funds		 At 1
February
2025
£
(4,340)
(1,335)
4,429
15,300
12,897
5,437
7,157
-
-
2,027
-
-
(4,501)
-
-
(3,104)
-		 Income &
gains
£
128,750
254,550
73,740
59,219
90,892
64,500
30,000
20,000
19,104
16,643
16,230
15,923
14,920
13,050
13,000
39,900
12,509		 Expenditure
& losses
£
(129,483)
(263,679)
(81,530)
(54,796)
(99,235)
(41,247)
(33,738)
(13,001)
(13,319)
(21,570)
(17,450)
(13,175)
(12,628)
(12,230)
(2,310)
(43,983)
(14,460)		 At 31 January
2026
£
(5,073)
(10,464)
(3,361)
19,723
4,554
28,690
3,419
6,999
5,785
(2,900)
(1,220)
2,748
(2,209)
820
10,690
(7,187)
(1,951)
33,967 882,930 (867,834) 49,063
125,111 735,783 (685,659) 175,235
125,111 735,783 (685,659) 175,235
159,078 1,618,713 (1,553,493) 224,298

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

28

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

17b Movements in funds (prior year)

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

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

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

Funding to support the establishment and running of new access cricket hubs in Birmingham and Coventry.

Funding to run a programme in schools for pupils affected by domestic violence.

Funding for cricket hubs and competitions for state-educated pupils.

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

Funding to support cricket and sports activities for young people in Balsall Common.

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. Whilst some funds appear to be in deficit at the year end, all of these relate to ongoing projects for which future income is expected to be received.

18 Transfer of assets from Edgbaston Foundation Warwickshire Cricket Foundation received a one off transfer of £86k from the Edgbaston Foundation of which £30k was to clear an existing debtor and £56k has been recognised as an exceptional income item. This was as part of the closure of Edgbaston Foundation following the merger of the Warwickshire Cricket Board and Edgbaston Foundation to form the Warwickshire Cricket Foundation.

29

The Warwickshire Cricket Foundation

Notes to the financial statements

For the year ended 31 January 2026

30