Company wlstration number. 07024773 Charity registratKin number. 1208291 Devon Cricket Foundation {A company Ilmw by guarantee) Annual Report and Financial Statement8 for tho Yaar Ended 31 January 2025 WESTCOTTS CMAATI*ID AetOllN7AMT&
Davon Crleket Foundatlon Contonts Referencg and Adminl8traliv8 D8tsi18 Strateglc Repjrt 2to4 Trust8es' Report $108 ststemenl of trustees, re$ponsibllltl•s Indendent Examinerf8 Report Statement of Finandal ACtItleS 10 Balance Sheet 11 stglement of Cash Fkh¥8 12 Notes to the Financl81 Stslements 13to23
Devon Cricket Foundation Reference and Administrative Details Chalmian Mr M I Co(Fch Trus¢o08 MT8 D L Madeley Mr A M E Tapson (appointed 1510212024) MrsA Davidson Mr C Loembruggen Mr M I Couch Mr J W Paar Mr J A Sparke8 Ire8igned 0610912024) Mr J Bogue18ppointÉd 25102120251 MS J A Fry Ire8igned 25111 r20241 Mrs C N Linnrtt (resigned 15107r2024) Mr8 S J Morgan {app)inled 01106120241 MT J A Sp8rk•$ Iro8ign•d 01106120241 1208291 Socrolary Charlty R•gl•tratlon Numb•r Company Rogl•trallon Numbor 07024773 The ¢hadty l¥ In¢orporalèd in Enoland and Wal¢8. The Cricket OffKe Sport8 Hall Univer811y of Exelor Stocker Road Exeter EX4 4QN Wesl¢otts (SWI LLP Plyin House 3 Longbridge Road Plymouth Marsh Mi118 Devon R•gl•t•r•d Offlc• Ind•p•ndent Examlner PL6 8LT Page 1
Devon Cricket Foundatlon strategic Report for the Year Ended 31 January 2025 The trustee8. who are directors for the purp0888 of company law, pr88ent their 8trategic report for the year ended 31 January 2025, In compliance with s414C of the Companies Act 2006. Achivvemfrnts and porfomianco Community and Schools Community Cficket remained integr811o wdening the game's re8ch. Sire8t-styL9 crick81 and outreach sessions were delivered in urban areas. providing free, inlomial opportunities for young people lo play. Partnèrship5 wilh local authorrties and youth org8nisatK*ns ensuréd that delivery was focused In communities with Iwniled access to 8PQrt. These iniliatwes. combined with ECB National Programmes, have introduced cricket lo hundred8 of new particlpants from dNer8e backgrounds. In partnership wrth the Lord'8 Taverners, the FoundalK)n expanded ts Supgr 1s and WIGkgtz di¥ablllty programmes. Hubs across Devon provided regular cricket Sgssions for young people wrth disabilities, supported by qualified coaches and volunle8rs. Participalton levels increased 81eadily throughout the year, and the Foundation continu88 to explore the creation of rèpre88ntatlve di88bilrty team8 for the 2025 season. W¢rt in SEND s¢hool$ has al been exlensive. The Foundation'8 schools programrne remalngd a cornerstone of our work. Delivery focused on engaging 8choo18 Wrth higher levels of deprivatn and those in urban 8rea8, ensuring equitable access to crickal. Ovar 3,000 hours of 8Ctivity were d8liv8red through school nefv40rks, with $lgnlfl¢8nt rl$e In girl$, parti¢ipalion and Inler-$¢hool ¢ompelltion. Te8cher8 8nd 8chools continue to view cricket 88 a vehicle for building teamwork, rnspect, and leadership 8kill8. Clubs & Comwtitlon• Clubs acr088 Devon benefited from 8UPPOrt programme8 designed lo enhance f8cililig8. strengthen governance. and volunteer capability. The ECB County Grant Scheme enabled further investment in club infrastructure, while gducalion programmes Strengthened volunteer m8nagem6nt and 8of8guarding $tsnd8rds. Particip8lion wrthin affili8t¢d ¢lub$ grew, wh SO per cent of clubs wlih a junior section now operating a girfs, team and 5 per cent growth rgcorded In 198gue Grickel participation strengthened. ensunng that cncket reaches children who mlght oiheTrv18e have Ilmlted 8POrting opportunities. P•rfom)•nco Pathway The Perfom8nce Pathway contlnued to nurture the most talented players across the county, offering $lw¢lured Irainlng, ¢omp¢lition. and mentoring opportunf(i¢$. Over 350 players were engaged through p8lhway programmes, with some transitioning into professional acadernie5. A hardship fund supported playern for whom financial bamers might have prevented participation, Gender panty remain8 a key obj'ective. and the FoUndatn continues lo promote equol access for gids within all stage8 of the pathway. Staff Dovelopmgnl The Foundation recogni8es that its 8uccesg depends upon the dedication and eXpe'Se of its staff. During the year, the organisatlon supported employees to gain 8ddilional qualific8tion8, participate in professional development, and strengthen collaborative working through team evenl8. The staff team grew from 15 10 18, reflecting the expansion of programmes and thè increasing breadth of operations. Page 2
Dovon Crlcket Foundation Strategic Report for the Year Ended 31 January 2025 Flnanclal review The Foundation's financial perfomiance for the year ended 31 January 2025 was steady, with total income of £775,086 12024.. £792,088) and totsl expenditure of £78S.175 12024-. £798,150). Income was derived principally from donations and grants tolalling £610,471, comprising ECB Grants £423.222. Chance to Shlne £77,732, Lord'8 Tavemers £84,932, and other grants of £24,585. Income from charitable activities amounted lo £155.549. whlb ¢)ther income was £9,C66. Expenditure on charitable actNities was £781.440, in¢luding staff C1$ of £586,301, operational costs, and programme delivery expens88. Fundraising expenditure was £3,735. After accounting for a gain on inve8lment8 of £5.411. the net decrease in funds for the year was £4,678, resuming in closing total funds of £410,04212024.' £414,720). The tfustees are Satisfd that the Foundation continues lo demon81rate prudent financial management and maintains the resources required lo meet Ils charitable obJ'8ctiv83. Flnantlal Posltlon and R•serves Polley Al 31 Janu8ry 2025 the Foundation held total funds of £410,042, ¢omprl$lng unr8$lrlded fund8 of £40S,164 and reslrlcled fund8 of £4.878. The unrestrlcted reserves iepres8nl those available lo support the charlty's core work and lo provhlo a Safeguard against financial uncertainty. The Iruslees have adopted a reserves policy th81 se8ks lo maintain unrestricted rese8$ equiv8lent to a minimum of three month8 of core operating costs, with # longer lemi largel of 8lx months, alned to future budget projections . Thi8 level is considered sufficienl lo ensurg Slabllity of employment. continuity of essential programmes In the event of funding delay, and covgraga of contractual or slalulory liabilrties. ReseNes a miewad regulady by the Finance, Audit and Risk Committee and adjusled as necossary in light of incoffle forec8818 and risk assessment. The trustee8 are confident that current re8erves provide a sound finan¢ial base for ¢onlinued operat)n5 and future grovkh. prtnclyl fundlng souK•s Funding for the Foundation's actlvf(ieg 18 drawn from 8 broad rang0 of partners. The prtncipal fvnder8 remain the England 8nd Wales Cricket Board {ECBI 8nd Ch8nc8 to Shine, Bupplemenled by grants from the Lord's Tavemers. Parental Contributions and other local partners. The InJ8tees express their sincere gratitude to all funders, sponsors, 8nd individual donors %th08e 8UPPOrt enables the Foundation lo deliver lilfrchanging rJi¢k¢t programm88 across Devon. Pntnclpal Rlsks and Uncertalntles The Iruslees operate a comprehensive risk-management framework ovorse¢n by the Flnanc8, Aud and Risk Committee. Key risks include dependencg on major funder¥, rising operational costs, safeguarding complne8, and maintaSning workforce capacity. Th888 ore mitigated through ongoing dwersification of income, lontrtèm budget planning, rigorous safeguardino procedures, and continued investment in staff training and digital infrastructure. The tfuslees ar8 confident that these measures provide effective mlti'gatn and ensure the Ghanty's sustainability. Pag8 3
Devon Cricket Foundatlon Stratsgic Report for the Year Ended 31 January 2025 FUre Plans The Foundation's ambition¥ for 2025-26 and beyond are sét out in its Slrategrc Plan 2025-2029 - Enriehlng Our Communf(ies. The plan aim8 to incre88e participation. reach new aUdnceS, support Playe and volunteers to 8chK?ve their potenllal, Improve wellbeing, devebp inclusive facilbties, and ensure everwno f¢el8 sale and welcome in crid(et. Sp8Crf target8 indud8 engaging more than 25,000 chlldren annually through 6chools, achieving 8 50 per cent increase in women's and girts, teams, Supporting 50 club devebpmenl projects, and leveraging al least £400,000 in external facilty investment. The Foundation will also contlnu¢ lo measure tha wellbeing Impact of its community programmes and expand ils equalty, diversty, and InGlusion initi'ative8 lo ensure cricket in Devon truty refb¢t$ the communities Il Befve8. The strategic report was 8pprovod by thg tru8tee8 of the charity oR111 Ir2025 behalf by.. and 81gned on ttB ftth<, e?oueA Mr M I Couch Chaiman and Iruste• Page 4
Devon Crlcket Foundatlon Tru$tees' Roport The Iruslees. who are directors for the purposes of company law. presenl the annual report together wrth the finoncial statement5 of the charitsble company for the year ended 31 J8nuary 2025. The trustees hovo adopted the provisions of Accounting and Reporting ty Charilles.. Stslement of Recommended Prnclice aPpIable to chariltes preparing their accounts in accofdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. Introductlon During the year the Foundation continued to deliver on ils mission of cricket being A GAME FOR EVERYONE. Our ambition to seo morg people, in morn places. playing morg cncket was achieved through wldening partlcipalion. improving accessibility and strengthening the communf(y and perfomiance structur88 th81 underpln the game acro85 Devon. We placed partUlar emphasis on the women's and glrls, game, communlty inclusion programmes, and investment in club development. Alongside thes8 actlvllies we continued lo priori(ise the P¢rfomiance Pathway, ensuring that talented player8 have the best possible opportunrties to progress Into the professional game. Despite ongoing economic ehallenges. the Foundatson's financi81 potIOn remained stable and its impact significant. ObJo¢tlv•• •nd o¢tlvltl Tho Devon Crl¢ket Foundatlon IDCFI 1$ a ¢harflabl8 company limited by guarantee. Its constitution slates that ils objects are for the benefrt of the publlc generally, 8nd in particular. thè inhabitsnts of Devon arsd ils surrounding areas.. To promote communlty Participation in h8811hy realn, in particular by providing 8nd assisting in provlding fa¢lllti¢$ for, and organlsing, the playing of cricket and other 8POrtS C8pable of promoting he8tth. . To provide and assist in PfQVKling facilrties for sport. ¢(eatiOn and other le1$UtIMe 0Up4t1on for person8 who have need of 8uch facilities by reason of youth, age, infirmity. di¥abilily, povety or social circumstance8, or for the public at large. in the intere818 of Soc] welfare with the object of improving thélr condllkjn of life. To athJance the education of children and young people through 8uch means as the Iru8te88 think frt., and To pursue such other charltable purposes for the public benefrt as are exclusivety charitsblg ac¢ordlng to the law8 of En918nd and Wal8s. Page 5
Devon Cricket Foundallon Trustees. R•port Objecllves, strategies •nd activitles The Foundalion delivef8 a wide range of cricket programmes and initiatives to achieve these aim8. with all activtties a8ses¥ed against the Charity Commission's guidance on public benefit. Our operations are struetured around Ihg key pillars of Ulilising The Power Of Cricket. Growlng And Nurturing The Core, Developing Our Volunteers. Enhancrng Player Development, Growing The Game, Rai51ng Our Profile. Major are88 of dellvery during 2024-25 Included-. . ChJnc• to Shlne programmes acros8 prfmary and secondary ¥Ghw15, bllnging cricket to over 20,000 children county-wide. . MCC Foundation Hubs provKling free Coaching for slalfreducated young peop aged 12-16. Workforce tralnlng to deveksp volunteer8, C08ches. and offiGia18, wllh over 500 individuals trained. Incluslve programme$ 8cr088 Devon. en$urfng access for children and adults in area8 of sodal nd economic deprivation. . All Stars and Dynamos Inlll81ive$ introducing Gricket to chSldren aged &11 and expandlng participation among new families. . 8END School dollvery 8nd the growth of disabilty crket hub$ ln partn•rship with the Lord, Tav&rner¥. . Perforn)anc• P•thw•y activty for boy8 and girf$ agèd 11>18, Includlng 8pec181i81 coachlng. menloTing, and regional compelillon opportunitie8. Publlc b•n•flt The Irusl886 8r8 abl$ to )nriMi that, whilst reviewing the Charbtl8 obl8ctive$ and planned future activllies, reference has been made to the guidance contained In the Charty Commission's revised gener81 guidance on publK benefrt. The trusteos Confirm that they have complied wh the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidan publish$¢J by the Charity Commission for England and Wale8. Structure, gov•rnan¢o and manag9mgnt Nature of govemlng document The charity Is controlled by rts governing document, the memorandum and 8rticles of a880ciallon, and constitutes 8 charitable comp8ny, limited by guaranteg, as defined by the Companies Act 20C6. R•crultment andappointm•nt ol truste•s New tru¥teg8 are approved and appointed by thg gxisling Board, following consideration of sklll$, experienc8, and diversty. SUa$s1On planning and recruitment are over8een by the Nomination8 Committee. Page 6
Devon Crlcket Foundatlon Trustees, R•port Oryanlsatlonal struCle The Board of Tru5t8es meets quarterty and delegal8s day-to-day managgmenl to the Chief Execu16ve Officer and senior staff team. At 31 January 2025 the tru81888 wer&.. Mr M I Couch Ichalrl. Mrs D L Madeley. MrA M E Tap8on. Mrs A Davldson. Mr C Leembruaggn and MrJ W Park•r. Trustees who resigned during the y8ar were Mrn C N Llnnlffj Ms J A Fry, and Mr J A Sp•rkM. Th8 S8cretary18 Mr• 8 J Morg•n, appolnted 1 June 2024. The Foundation employed 16 staff during the year 12024.. 151, refiecting signrficant grO%h and expansion of programmes. Staff are organised acTOSS participation, communrty, pathway, and operation8. The trustees express their gratitude lo all employees and volunteers for their dedication and prof8885onall8m. Page 7
Devon Crlck•t Foundation Trustegs. Report 8tstement of tN$to08' responsibilitl•s Iruslees Iwho arè also the directors of Devon Cricket Foundation for the purpos0$ of Company lawl are responsib for preparing the trustees, report and the financial statements in accordance wlh opplicable law and United Kingdom Accounting Standards Iunrted Kingdom Gener81ty Accepted Accounting Practice), Indudlng FRS 102 'The Financial Reporting Standard applicable in the UK and R8publiG of Ireland.. Company law require8 the trustee8 to prepare finandal statements for e8¢h finan¢lal yoar. Under comp8ny 18W the tru8tee¥ must not approve the financial ststsments unless they are satisfied that they give ¥ true and fair view of the slate of affairs of the ch8ritable company and of the incoming rewurces and application of resources. including its income and expenditure, of the charttable company for that period. In preparing these financial 8tatemenls, the trustees are required to.. select $utt8ble 8ccounting policies and apply them con8islenlly'. observe the m8lhods and principle8 In the Charities SORP.. make ludggments and eslimales that are rea80n8ble and prudent., slate whether applicabla a¢¢ounting 8landaTdB, comprlsing FRS 102 have been foll¢)wed, Bubject to any malgrial depgrturgs disclosed and explained in the financial statements., and prepare Ihe financial 8ts1emenl8 on the going concern basls unless 1118 Inappropdalo lo presum• that the charlt8bl8 company will continue in bu8ine88. The tru81ee$ are responsible for keeping proper accounting records that can disclose with reasonabl8 accur8Cy 818ny time the finanel81 posllicn of th8 ch8rtt8ble ¢omp8ny and enable thèm lo ensurè that the financial slalemenls comply w(th the Companles AGI 2006. Thoy aio 8150 responsible for 8afeguarding the assets of the chaTilable company and hgnce for taking re880nable 81ep8 for the prevonlion and detection of fraud and other irregularitie8. The trustee9 a regponylble for the m8inlen8n¢A anrl intmority ef th* rnrAtft finAnriAI information Included on the charitable comp8ny's web511e. Legi8lalK)n governing the preparats'on and dissemination of financial statements may differ from legislation in other lurlsdictlons. The 8nnu81 report was approved by the tru8tee8 of the charty on behaw by.. 2111112025 and signed on 118 fcim C.)01A Mr M I Couch Chaimian ond trustee Page 8
Devon Cricket Foundation Independent Examiner's Report to the trustses of Devon Crlckat Foundation ('the Company,) I report to the charity tru81ees on my examination of the accounts of the Company for the year ended 31 January 2025. R•sponsibiliti08 and basis of r8POrt As the charty's trustees of the Company18nd also ils dir9clors for the purposes of company lawl you Bre responsibl8 for the preparation of the accounts in accordance with the requirements of the Companle8 Act 20c61.lhe 2006 Act'l. Having Satisfied myself that the accounts of the Company are not required lo be audilod under Part 16 of the 2006 Act and are gligiblo for independent examination. I report in resped of my examination of your charity's accounts as carried out under Soction 145 of the charit$ Acl 2011 {'Ihe 2011 Act'i. In carrwng out rny examination I hav8 foll¢)wed th8 Directions given by the Charity Commi881on under 6ectKsn 145151{bl of the 2011 Ad. Indendent •xamlnor's •tatem•nt Since Ihg Company'$ gro$$ inGomè oxc•oded £250.000 your examlner must be a mombèr of a body lisl8d in section 145 of the 2011 Ad. I confirm that l arn qualified lo undertake the examlnation because l am a member of Westcotts ISWI LLP, wh¢ch 18 one ol the listed l)odie8. I h8ve compl8led my ex8mlnat1n. I confirm that no matter8 havo come to my attention in connection with tho examination glvlng me cause to believ8'. 1. aceounling records were not kapl in respo¢1 of Devon Crl¢ket Foundall)n a6 requlred by 8eCtlon 386 of the 2006 Act.. or 2. the accounts do not accord wth th08e records; or 3. the a¢Gounts do not comply with the •¢wunling requirgm8nl$ of sedlon 396 of th¢ 2006 Ael other than any requirement that the 8ccounts give a 'true and fair Vie which 18 not a matter cOnsered as part of an independent examination,. or 4. the account$ have not been prepared In accordance wf(h tha methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicabLg to charities prep8ring their accounls in accordance with the Financial Reporting Siandord applicable In the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other mattgrs in connection with the examination to which attention should be drawn in thi8 report in order to enable a proper understanding of the account5 to be reaehed. Adam Croney ACA Westcotts {SW) LLP Plym Hou88 3 Longbridge Road Plymouth Marsh Mi115 Devon PL6 8LT Dalo.. Page 9
Devon Crlcket Foundation statement of Financial Activitles for the Year Ended 31 January 2025 {Includlng Income and Expendlture Account and Statement of Total Recognised Galns and Los8e8) Unr¢8trl¢tsd funds RtrICt*d funds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Chartsble •¢livrtie$ Other income 252.101 78,699 9.066 358,370 76,850 610.471 155,549 9.066 524,818 251,898 15,372 Totsl income 339 866 435,220 775 086 792 088 Expgndlture on: Raising fund8 Charitable acti1185 (2,7351 352,098 11,000) 429.342 {3,735) 781440 13.5401 94.810 Total expenditure Net lexpendilurelAncorno Oth•r rncognlsed g•ln• and 1088•g Other gainsl{108S681 Nel movement Sn funds 354,833 430.342 785,175 114,9671 4,878 110,089) 18.0621 911 19.5561 4,878 14,878} {5,1511 Reconclllatlon of fund• Total fund8 brought forward Total fund8 cathed forward 19 414 720 414.720 419,871 405.164 4,878 410.042 414,720 All of the Gharity's aGtivrtig8 dwive from continuing operatlons durfng the above kn¥0 perfod8. The fvnd8 breakdown for 202418 shown in note 19. The notes on pages 13 10 23 fomi an integral part of these financi81 slatemenls. Page 10
Davon Cricket Foundatlon {Regl8tration numb8r: 07024773) Balance Sheat as at 31 January 2025 202S 2024 Not• Flxed a88ets Tangible assets Current assets SttKk¥ Debtors Cash al bank and In hand 13 21,782 25.626 14 15 5.343 66,009 397,880 50,170 401,916 452,086 469.232 Cr•dltor•: Amounts falllng du• wlthln ono year Net current a880ts 17 63,826 80,138 388,260 389,094 414,720 Net a•s•ts 410,042 Funds of th• ¢h•rtty: R•3trict8d Income fvnd• Re$lrl¢ted funds 4,878 Unrn•trl¢tod Incomo lund• Unre$tfi¢le(I funds 405,164 414,720 Total funds 19 410,042 414,720 For the financial year ending 31 Janu•ry 2025 the chari(y was entled to exemption from audit under section 477 of the Companie8 Act 2006 relating to small ¢ompanie$. Directors, responsibilities.. The member8 have not requlred th8 charity to obtain an audli of ft8 accounts for the year in que8tion In accordance with 6ectKJn 476,. and The dlrectors a¢knOed99 their responsibililles for complwng with the requlrements of the Act with r08PgCt to accounting records and the preparalh)n of 8ccounl8. The financlal 8tatement8 on pages 10 to 23 wgre approved by the trustee8, and authorfsed for i88ue orR.111112025 and signed on their behalf by.. Mr M I Couch Chaiman and trustee The notes on p8ges 13 to 23 form 8n integral part of these financl81 $t8temenls. Page11
Dovon Crlcket Foundatlon ststemont of Cash Flows for the Year Ended 31 January 2026 2025 2024 Not• Cash flows from opèrating actlvltlos Net1088 for the period Adjustments to ca•h floY45 from non-Ga8h ftom• DepreCkg1n Investment in¢omo (4,678) 15,151) 4.522 911 (5,411 16.2451 {1,5401 Worklng caphal •dlu•lments Decrea8e in stocks Decrea8ellincreasel in debtors IDecre858}lincreas6 In ¢reditors Net cash flow8 from opernting actlvltlos Cash flo from Inv••ting actlvltle• Interest receivable and 5imilai income Pur¢ha89 of tangible fixed as8el8 Not ¢88h flow8 from Inv881ing Not In¢r•a8• in ¢a8h and ca8h equival8nl8 C98h and cash equivalents at 1 February Caoh ond 00)h oquivalontG at 31 January 14 15 17 5,343 15,839 16,312 139.9S21 54,487 1,375 12,995 5,411 911 5.200 13 5.411 4,036 397,880 401,916 8,706 389.174 397,880 All of the c88h flows aro derfvod from continulng operallon8 durlng the above pedod8. The notes on pag68 13 to 23 fom) an integial part of the8e financial statements. Page 12
Devon Cricket Foundatlon Notes to the Financial Statsments for th• Year Endod 31 January 2025 1 Chartty 8talus The charlty 18 limhed by gtsar8nte8. Incorporated in England and Wales, and consequently doe$ not have Share caphal. E8ch of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charty in the gvent of liquidation. The address of its regi8terèd office Is.. The Cricket Office Sports Hall University of Exeter Stocker Road Exeter EX4 4QN 2 AGcountlDg pollcJ•s Summary of slgnfflcant a¢countlng poll¢h8 and k•y accountlng e•tlmate• The prlnclpal accounllng pollcles applied in the preparallon of these financial slalemenls 8re sel out below. These polici88 have been con8lstently applied to all the years presgnled, unless otherwise stsled. Statem8nt of compllanco The financial slalemgnts ha%& boon prepsred In accordance wllh Accounllng and Reporting by Chanties.. Statement of Recommended Practice lapplieable lo ¢harilies preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021} li88ued in October 20191 Icharilies SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10218nd the Companles Act 2006. Ba•S• of proparatlon Devon Cricket FOUndat)n meets the definition of a public beneft entity under FRS 102. A88ets and liabilities 8re initially recognisod at hi$lori¢al ¢08t or transa¢lion value unless otherwise Slated in the relevant accounting policy notes. Golng concgrn Th8 trustees consider th81 there are no material uncertainties 8boul the charills abilty lo continue a$ a going concem nor any signrftcant aroa$ of uncertainly th81 affect the caryng value of asset8 hekl by the charity. Incomg and gndowmonts All income 18 recognSsed once the charity has entitlement to the income, it is probable that the income will b8 re1¥d arKI the amount of the income receivable can be measured reliably. Page 13
Devon Crlcket Foundation Notos to the Financial Statements for the Year Ended 31 January 2025 Donations and ltyaciès Donation8 are recogni5ed when the ch8rty has been notffied In writlng of both the amount and settlement date. In the event that a donation is subject lo conditions that require a levèl of perfoman by the charity before the charity is enliilèd lo the funds, the income is deferred and not recognised until either those conditions are fulty mel, or th8 fulfilment of those ¢ondity'ons is wholly within the control of the charity and rt is probable that these conditions will be fulfilled in the reporting period. Legacy gsfts are reGogni5ed on a case by case basis following th6 gfant of probate when the adminislralorlexeculor for the estate h88 communi¢aled In writing both the 8mounl and settlement dale. In the évènl that the gift is in the form of an asset other than cash or a financi81 asset traded on a recognised st([ exchang6, recognition is subject to the value of the gift being rellabty mgasurable with a degree of re830nable accuracy and the title to the asset hawng been transferred lo the chafily. Gr•nts rneelvablo Gr8nts are recognlsed when the charity h88 an entf(lement lo the funds and any condition6 linked lo the gr8nls have bgen met. Where perfomance condf(ion8 are attaehed lo the grant and are yel lo bè mel. the income is recogni88d as 8 liabilrty and included on the balance 8heel a8 dèferred income lo be r•ltrased. Delerred Incom• Deferrod income represen18 amounts received for future pedod8 and 18 rele888d lo incomlng r660urces in the pedod for whlch, rt has bg8n recelvod. Such income 18 only doferred when: The donor specifies that the grant or donation must only bè used in future accounting pèriods.. or The donor has Impo8ed nditionS which mu81 bo mel before the chanty h05 unconditional •ntrtL9ment. Exp•ndlture All expenditure 18 recoonijed ance there 18 8 leg41 or con8tructive obligation lo that expendf(ure. it 18 prob8bl8 settlement Is required ané the amount can be measured reliably. All costs are allocated to the applicable expenditure he8ding that aggregate 81miLqr cost8 to that category. Where costs Gonnot be direclty attributed to particular headings they hav¢ b¢en allocated on a bag1$ conBlStenl with the u8e of resources. with eènlral staff costs allocated on the basis of time spent, and depreciation charges 811ocated on the portion of the asset's use. Other support C0515 are allocated based on the 6pre8d of staff costs. Ral¥ing funds These are costs incurred In attracting voluntary income and Iho¥g incurred in trading a¢twiti¢$ that raise funds. Charltable actlvlt193 Charitable expenditure ¢omprises those ¢0818 incurred by the charity in the delwory of its activities and services for ils ben8fiCiar5. It includes both ¢o$ls that can be allocated directly lo such activities and those cost¥ of an indifect nature necessary lo support them. Page 14
D•von Crfcket Foundatlon Notes to the Financial Statements for the Year Ended 31 January 2025 Grnnt e¥pendlture Gr8nts payable are payments made lo Ihifd partie¥ in the fvrtherance of the charitable objectives. Where the charity giv&s a grant with condrtions for ts payment being a specific level of service or output lo be provided, such grants are only recognised in tho Statement of Fin•n¢ial A¢tivltl¢$ once the reciplenl of the grant has provlded the specific service or output. Grants payable without p$rformance condrtions are rec¢gnlsed In the accounts when 8 commitm8nl has been made and communicated to the recipient, and there are no conditions lo be mel relating to the grant which ramain In the control of the charity. Support colts Support costs in¢ludo ¢•nlral fun¢tlon8 and have been allocated lo activity cost categories on a basis consistent with the use of resources, for example, allocating propety co8t8 by floor areas, or per caprta, staff costs by the time spent and other Costs by their u$agè. Governancè ¢08ts These include the costs attributable lo the charillB compliance %wth constltutlonal and Statutory r8qulrements, including audr(, strategic management and Iruslo¢s m$¢llngs and reimbursed $XP8nseB. T•Mtlon The ehartty18 considered lo pa88 the lesl8 sel out in Paragraph 1 Schedulo 6 of tho Fin4n¢¢ A¢t 2010 and therefore il meets tho dofinrf(ion of a chantable company for UK corporation lax purp0885. Accordingly, the charty is potentially gxempt from laxalion in respect of income or c8Pital gains received wthin categories covered by Chapter 3 Part 11 of tho Corporallon Tax Act 2010 or Section 256 of the Taxation of Chargeable Galn8 Act 1992, to the extent that Such income or gain8 are applled exGIu8ively lo ¢h8rit8ble purp)$e$. Tanglble fixed assets Tangible fixed a$$et$ under the cost model are 8t8ted al hlstorlcal c081 less accumulated depreciation and any accumulated Impalmient losses. Historical cost Includes expenditure th81 is directly attributable to bringing thg asset lo Ihe bcation and Condition n¢ee8sary for rt to ba capabl8 of operating In the manner Intendad by management. DepreclatSon and amortlsatlon Depreckgtion is provided on tsngible fixed a88et8 80 as to WTlle off the c05t OT valuation, le8s any estimated residual value, over their oxpect•d u88ful economic life 88 follow8.' Asset class Office equipment D•preclatlon rnothod and rato 150h reducing balance The assets. residual values, useful Ilves and depreciatn methods are reviewed, and adjusted prospectivety rf appropriate. or if there 1$ an indication of 8 significant change since the last reporting dale. Page15
Dovon Crlcket Foundation Notes to the Financial Statsments for tha Year Ended 31 January 2025 Stock Stod( is valued al the lower of cost and estimated selling price less costs lo complete and sell. after due regard for obsolete and 81ow movtng stocks. Cost is detemiined using the firsl-in, firstt IFIFOI. ••h and ca•h èqulvalenls Cash and cash equiv81ents Gompri5e cash on hand and call depo8118, and other 8hort-t8m highly liquid investments that are readily convertible lo a known amount of cash and 8re suble¢t to an Insignificant ri8k of change in value. Fund structure Unreslrieted incomg funds are general funds that are avarlabk8 for u$8 8t the tru8tee8 di8cretion In furtherance of the objectives of the charity. Restricted In¢ome fund8 8re tho8e donated for use in a particular area or for $peGrfic purp0808, tho use of whlch is re8lrScted lo that area or purpo80. FlnanclAI Initrumonts Classff1¢4tlon The Charity only has financial a88ets and financial li8bililie8 of 8 kind that quallfy as basic financial inslrumenls. Basic financial inslrum8nls are initially recognS8ed al Ir8nsacth?n value and 8ub8equent me*sured at their settlement value wrth the exception of bank loans %thich am 8ubsequ6nt measured at amort180d cost using the effective intereBt method. Page 16
Devon Crlcket Foundation Notos to tho Financlal Ststsments for the Year End•d 31 January 2025 3 Incom# fr(Kn donation# and legacles Unreslrfcted Goneral Re8trl¢ted funds Total 2025 Totsl 2024 Chance to Shlne ECB Grants Lord's T8vemer¥ Other grants 77,732 192,166 84,682 3.790 77,732 423,222 84,932 24,585 610,471 73,331 327,915 106.747 16,825 524,818 231.056 250 20,795 252,101 358,370 4 Incom• from ¢harlt4bl• •¢tlvltlo• Unrfj$trl¢t¢d Genoral Restrlctsd funds Re8trlctod 2025 R•strlGtod 2024 Clubs & Compelkion8 Performance Pathway Other 59,275 19.424 59,275 98,274 47,962 152.655 51.281 251.898 76,850 78,699 76,850 155,549 6 Othor Incorn• Unr•strlcted Genoral Total 2025 Total 2024 Other 9.086 15,372 8 Expendltur• on f4lilng fund• Unro3trlct•d G•n•ral Re8trlcted funds Total 2026 Total 2024 Grants 2,735 1.000 3,735 3,540 Page 17
Devon Cricket Foundation Nots8 to the Flnanclal Statements for the Year Ended 31 January 2025 7 Exp•ndltur8 on charftable actlvltl¢$ Unrestrict•d Gèneral ReBtrfcted funds Total 2025 Total 2024 Nots Clubs & Competitions Perfomsnce Pathway Communty Eng8g8ment Operational Costs Staff costs Other Staffing Costs Worklor¢• Education Allgcaled 8UPPOrt Costs Gov•man¢8 c08ts 1.542 14,400 15.942 10,211 3,157 40.200 43,357 79.749 1,411 263 243,548 13.686 4,256 342,753 15,097 4,519 586.301 18.089 9,617 548,422 22.882 22.882 26,429 5,021 5,021 150 64.430 14,047 78,477 9,844 103,943 352,098 429,342 781.440 794,610 In addition to the expenditure analysed above, there are also governance costs of £9,844 12024 £4,522) which relate directly In r.hAritHhle a¢tlvrf(ie$, S•• note 8 for furthor dctoil3. 8 ATratysl• of governanc• and support co•ts Govgrnanc• colts Unrestrlcted General Total 2025 Tolal 2024 Independent examlner fee¥ Accounlaney DePreclOn of fixed assets 2,750 3,250 2,750 3,250 3.844 4,522 4.522 9.844 Page18
Devon Crlcket Foundation Notes to tho Financlal Statements for the Year Ended 31 January 2025 9 Net IncomlngloutgoTng r8sourc Nel outgoin9 resources for the yoar include.. 2026 2024 Depre¢latbn of fixed 888el8 4,522 10 Tn10 remunorntlon and oxp•nses No trustee8. nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have Tecelved any reimbursed 8xpen888 from the charity durfng thg year. 11 Staff costs The agoTegate payroll costs were a$ lollowj". 2025 2024 staff costs durfng tho yoar w•r•: Wages and salaries So¢i81 securfly c08ts Pen5i0n ¢o$ts other staff costs 512,598 42,382 20,897 10,424 586.301 470.477 36,896 17.902 21,147 546.422 The monthty average number of per80n8 (including senlor management / lsadershlp team) employed by the charrty during the yoar wa$ a8 follows.. 2026 No 18 2024 Totsl 15 No employee received emoluments of moro th8n £60.000 during the year. 12 T•xatlon The charity is a registered Charity and 1$ therefore exempt from taxation. Pago 19
Devon Cricket Foundation Notes to the Financial Statements for the Year Ended 31 January 2025 13 Tangiblo fu•d assets oqulpment Total Cost At 1 February 2024 At 31 January 2025 Dopr8clatlon At 1 February 2024 Charge for the year Al 31 January 2025 Not book value 44,782 44.782 44,782 44,782 19.158 19,156 3,844 23.000 23,000 At 31 January 2025 At 31 January 2024 21,782 21,782 25,626 25.626 14 Stock 2026 2024 Stock8 5.343 10 Debtorn 2026 2024 Trade debtor6 Prepaymènts A¢erued Incom• 21.987 17.021 11.182 51.233 3,000 11,776 16 Cash and Cash equlvalonts 2025 2024 C88h 81 bank 401,916 397,880 P8ge 20
Dovon Crlcket Foundatlon Notes to tho Financial Statements for the Year Ended 31 January 2025 17 CTedltors: amounts falllng duo wlthln one yr 2025 2024 Trade credf(or8 Other laxallon and Sodal securfty Other creditors Ar£rua18 and deferred income 14.436 10.054 1.759 37.577 29,275 11,094 2,732 37,037 63,826 80.138 18 Commltmonts Capftal commltments A8 al April 2024, tho Gonyany •ntered into 8 loa$e for Offl¢0 8pa¢o. The total amount ¢)wing in future periods is £14,517, as al the year-end datè. 19 Fund• Balance at 1 Fobruary 2024 l•nce It 31 January 2025 Incomlng our¢•• R8•our¢o• •XPondod Unro•trlctsd fund• G•nernl General Fund8 414,720 345,277 {354,833) 405,164 Rv4lrfct•d fund• ECB Chance lo Shine MCC Foundation Porformance Pathway Lords Tavonors 192,166 77,732 3,790 76,850 84,682 435,220 1192,1661 177,732} 13,790} 171,9721 84,682 430,342 4,878 4,878 Totsl funds 414.720 780,497 85,175 410,042 Page 21
Devon Crlckat Foundation Notss to the Flnancial Statements for the Year Ended 31 January 2025 Balance at 1 February 2023 Balance at 31 January 2024 Incoming resources Resourc expènded Unro8trlctod fvnds General General Funds 419.871 792,999 798,150 414,no The $p8¢ifi¢ purposes for whlch the fund8 are to be app118d are a8 follows: ECB The ECB funding supports the delivery of key n8lion81 progr8mm•8 and pr)Tilie8 across Devon. This include8 developlng partieipation opportunities, Improving facilities, 8nd ensunng the game is 88fe, In¢lu¥ive, and accesslble lo all. The funding enabl88 the Foundation to allgn local delivery with the national strategy lo grow and 8ustsin crid¢al at every l¢v•l. Chan¢• to 8hln• The Chance to Shine programm8 uses the power of cricket lo inspire children and young people lo play, bom, and develop both on and off the fi'eld. Through 8chool and communlly4)ased sesslon8. Ihls funding help8 the Foundation to introduce cdckal to new audrtce8, promote teamwork and T08I1ience, and create a lifelong bve of the game. Porform¥nc• Pathway Developlng home-grown tslent through a welkresourced perfomiance pathway Is Important for maln reasons,. 11 It enabL98 people lo reach their potential and. for some, to progro$¥ into fir$t-¢10g$ cricket, and 21 It craatas a stronger and more Sustalnable foundation for cricket in the county. Lord'$ Tavornor8 Funding from the Lord's T8vemers Support8 disabllity and communlly cricket programmes. helping lo make the game truly inclusive. It provides opportun(tie3 for young p¢opl¢ with disabilities or facing disadvantage lo experienee the benefits of cricket - buifvJing oonfidence, developing Skills, and promoting 80¢1al ¢onn¢¢tion through participation. Page 22
Dovon Crlck•t Foundation Notes to the Flnancial Statements for the Yoar Endod 31 January 2025 20 Analysh of net a8sets b•tween fund• Unrestrfcted Total funds fund8 at 31 January Genernl 2026 T8nglble fixed at8 Current assets Current li8bilitie8 21,782 452,086 63,826 21.782 452,086 Total nel assets 410,042 410,042 UnrMtrfct8d Totsl fund• lunds •t 31 Jjnuary General 2024 Tangible fixed as8el8 Current as8ets Curronl li8bllitios 25,628 469,232 80,138 25,826 469,232 80,138 Totsl nel a88et8 414,720 414,720 21 ROlat party transactlon• There were no related party Iran8actbn8 In the ar. Page 23