HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024

HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024
CONTENTS
Pa
Scheme Trustees and Advisors
Trustees, Report
Statement of Trustees, Responsibilities
Statement of Financial Activities
Balance Sheet
Notes to the Accounts

HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
Scheme Trustees and Advisors in the Year
Trustees
Official
G Lavender
A Long
G,J. Saville
Chief Executive & Secretary of M C C
Other Trustees
J R T Barclay, D.L
A H. Bartlett
Hon. T.M Lamb
l. N Lovett
G.T. Smal
(Resigned 29 November 2023)
Bank
CAF Bank Ltd
25 Kings Hill Avenue,
Kings Hill,
West Malling,
Kent
ME19 4JQ
Investment Mana
er Vermeer Partners,
130 Jermyn Street,
London
SW1Y 4UR
Scheme Secreta
S. P. Coverdale
Add￿sS for
corres
ondence
1 Court Cottages,
Overstone Park.
Overstone,
Northampton
NN6 OAP
Emai
Page 1

HORNSBY PROFESSIONAL CRICKETERS FUND CHARIT
1 Charity Reglstratlon Number:
235561
2 Offlclal addresg .
1 Court Cottages,
Overstone Paik.
Over3tor*.
Northampion
NN6 OAP
3 Objects ol the Charity
The Trust exists to offer Supp￿ to former prolessional cnckelers or theif Immediate dependants Help given ty Ihe
Trust can take the forni of regular monthty contnbutions, special payments at Christmas or In m*J-summer, payments
to assist wth wnter heating bills, or one-off payments to help wth a parbcular or urgent need Addrtjonalty the Trust
can contntxrte tcwaros cost of medical assistsnce or treatmenc the provision ol speaal equipment (such as an
electnc wheelchaif, stsir lift. mc#Yifications to Cars to help those ￿th limited mobility. or the provision of wheelchair.
fnendty ramps or doofs), and by helping In other similar arcumstances. The Trusts. inc(xne comes from Investment5,
donabons and legacies All such donabons to the Trust's wofk are greauy welcomed, as are donati￿1$ fr(yn individuals,
from County Cncket Clubs, Former Players, Assoaations. and other similar bodies. Where appfOP(iate the Trust often
endeaV￿r5 to create a partnership the PCA and a former playerfs County when offering supp)rt.
4 Management of the Fund
The Seuetary IcK)ks into the circumstsnces of each potential tenefiaary before (eFortsng to the full tM)ard ol Trustees
who make the final deasion on Ihe grants Full detsils are contained In the minutes of Trustee meetsngs The Trustees
meet not less than tvK) tsmes a year and detailed minutes of each meeting a￿ sent to all the Trustees S Coverdale as
Secretary to the Trustees deals wth all administrative matters, on which he repJrts at the fvll meebngs.
The full
Board of Trustees delegates the administration of the Investments to S Coverdale and A H Bartlett Managernent of
the Investrnents Is camed out by Verneer Partners
5 Appolntment of Trustees
Officlal Trustees
There are currenuy four offiaal Trustees comprising, the President of the Marylebone Cncket Club (MCC), the Chief
Executsve & Seuetsry of the MCC and the President and Secretsry of the former Cricketers Fund Friendly S￿ety.
Other Trustees
There are currently five other Trustees
Any vacancy among the Trustees is filled as soon as reasonably possible by the appointment of a new Trust* by
resolutson of the surviving or conbnuing Trustees.
6 Investment Pollcy
The Hornsby Trust compnses two portfolios. The Capitsl Fund, which is the main endcmment. provides 6nc£xne which
can be used for chantable purposes. The Bedser Fund was set up in 2010 follown9 a legacy from the Eststes of Sir
Alec and Enc Bedser. This fund is not restncted In usage .
The Investment objethves aim to Pfovide a balance between capilal groth and income. but the Trustees put an
emphasis on providing the best possible Income to the grantees, wthout lo3ina &ght of the need for long iefm capitsl
growth ft remains the policy of the Truslees to invest pnmarily in equities and. most importantty. to seek to maintsin
and, whenever possible. to Increase the level of Income.
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HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
7 Investment Performance
Capltal Fuild
1 June 2023-
1 June 2022-
31-May-23
The Bedser Bequest
1 Jun• 2023-
1 Jun• 2022-
31-May-24
314lay.23
31-M•y-24
Total Portfollo Return
FTSE WMA BALANCED (fR)
FTSE UK ALL SHARE (GBP) (TR)
FTSE UK GILTS ALL (TR)
FfsE WORLD EX UK (GBP) (TR)
14 17 •/0
1044 0
3470
14.17 /•
-2 00 '/0
347 /0
18 55 0/0
0660/0
Inc￿ase/(DecreaSe) In Total Value ol
Portfolio
Increasel (Decrease) in Market Value
Dividends Received
Est Dividend Yield
£27,058
£29,879
£10,094
5.09 0/.
£(24,256)
£(27,675)
£10.094
£4,712
£4,712
£1.647
£(6,489)
£(4,084)
£1,647
After a bumpy start to the year, the UK struggled as rt went into the end of the second quarter of 2023. Inflation
was easing slightly despite oil stocks being high wlh the hike In oil pnces and the Inflation tsrget of 20/0 by the end
of 2024 was looking actually doable 11 had, however, been a bumpy six months
The hostilities in the Middle East which started in October 2023 had affected the oil prices and vital crude supplies
Ongoing geopolilical uncertainty cast a shadow over the Iirst quarter of 2024. By this time Inflation was down al
3 4 % and fcKKI and energy prices were dropping We started to see buoyant markets on both sides of the Atlantsc
and the hope of Interest rate cuts seemed to be moving In the right direthon. The general electson was looming but
inflation was moving doser to Its target by the end of May. Elections are distracting and Investors looked more
towards short-temi outcomes Instead of concentraling on long-term requirements. The market over this 12-month
penod was quite robust because we had a 'Santa' rally up to the end of 2023. Bonds and equities over those
couple of weeks had lifted the market m(x)d because of a Chan￿ of the interest rates falling after we had had five
base rate nses In 2023, There was hope Ihat each meeting of the Bank of England would bnng a rate reduction
and that the US Federal Reserve and European Central Banks were also going to cut rates St(￿k pn￿S
throughout remained resilient up to the summer.
8 Review of the year
Income
Overall income received was £26.117 an increase of £2,670 on 2023. Grants and donabons receNed We￿ £12.000
(2023: £7,500) of which nothing was restncted (2023, £nil). Dividend Income was £13.057 (2023. £11,741) The Trust
made a profit on sale of shares of £407 (2023. Profit £3,885) The market value of the two funds inueased by £34,591
in the year (2023 Decrease £31.759)
enditure
Dunng the year, the chanty was able to support six individuals (2023: 7); the support given compnsed monthly
allowances of £350, a summer (£1,000) and/or winter (£1,500) allowance and further donatsons of £300 were paid lo
two benefioanes previously supported by the Walter Hammond Memorial Fund Total alloWan￿S paid in the year were
£17.650 (2023. £19.770) Administratson costs for the year were £6,888 (2023.. £6,672).
ur
lus l Deficit
Net Incoming resources for the year were £1,579 (2023 net outgoing £2,995) Due to the Increase In the market value
of the Inveslment portfolio, there was an overall Increase in net funds of £36,170 (2023. net decrease £34,754).
Balance Sheet
The investment p)rtfolio value at 31 May 2024 was £276,139 (2023 £244,369) Cash reserves were £17,597 (2023"
£13,197) and net assets were £293.736 (2023. £257,566).
Trustee:
Zfft. lft/y7/
Signed
Date.
ZS"
Page 3

HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The financial statements are the responsibility of the Trustees. Regulations require the
Trustees to make available to scheme members, beneficiaries and certain other parties,
financial statements for each scheme year which show a true and fair view of the financial
transactions of the scheme during the year and of the income and expenditure for that period.
The Trustees have supervised the preparation of the financial statements and have agreed
suitable accounting policies, to be applied consistently, making any estimates and judgments
on a prudent and reasonable basis.
The Trustees have general responsibility for ensuring that adequate accounting records are
kept and for taking such steps as are reasonably open to them to safeguard the assets of the
scheme and to prevent and detect fraud and other irregularities.
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HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2024
Note
2024
2023
Incomlng Resources
Grants & Donatlon8 Re
eived
Unrestncted FurKIs
12,000
7,500
Total Grants & Donatlon8 Recelved
12,000
7,500
Investment Retum
14,117
15,947
Total Incomlng Resource8
26,117
23,447
Resources Used
Dlrect Charltsble Ex
ndlture
Grants and Allowances Paid
17,650
19,770
Administrabon Cost
6,888
6,672
Total Resources Used
26,442
Net Incomlng l (Outgoing) Resources for year
1.579
2,995
Other Reco
nised Galns
Increasel(Decrease) In Market Value of Investments
34,591
(31,759)
Net Increasel(Decrease) In Funds
36.170
34,754
Balance Brought Forward at 1 June
257.566
292,320
Balance Carrfed Forward at 31 May
293,736
257.666
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HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
BALANCE SHEET AS AT 31 MAY 2024
Note
2024
2023
Investments
276,139
244,369
Current Assets
Current Account
Cash Held at Investment Manager
12,996
4601
17,597
8,726
4471
13,197
NET CURRENT ASSETS
293,736
257,566
Represented by .
GENERAL FUND
Opening Balance
Income and Expenditure Account
257,566
36,170
292,320
(34,754)
293,736
257,566
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HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024
1. ACCOUNTING POUCIES
a) Basis of Accounlin
The Accounls are pcepared under Ihe histoncal cosl convenbon and are stated on a
receipts and paymenls ba￿3.
b) Investments
Investments are valued at Iheif mid market pnce at the balance sheel dale.
2. GRANTS & DONATIONS RECEIVED
2024
2023
Unreslrided Funds
MCC
Rotx'ns
Vem)eer Partners Charitable Trust
5.000
5,000
2,000
5.000
2,500
12,000
7,500
3. INVESTMENT RETURNS
Dividends
Interest Receivable
Profft on Sale of Investments
13,057
653
407
11,741
321
3,885
14,117
15,947
4. GRANTS PAID
Regular Monthly Allowances to Four Reapients (2023.3)
Summer Allowances lo Three Recipients (2023.3)
Winter Allowances to Three Recipients (2023.3)
Allowances to Two Fomier W.H.M.F. Recipients (2023.2)
Addrtional Speaal Grants (2023.1)
12,950
2,000
1.500
1,200
11.620
3.000
3.000
1,200
950
S. ADMINISTRATION COST
Honoranum Allowance
Bank Charges
Fund Manager Fee
Inkerman Grft
3,500
77
3,098
213
3,500
140
3,032
6,888
6,672
Page 7

HORNSBY PROFESSIONAL CRICKETERS FUND CHARITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024
6. INVESTMENTS
Valuation
at 1 June
2023
Purchases
Sales or
Equallsation
Change In
market
value
Valuation
at 31 May
2024
ital Fund
Inveslments
198.687
(2,821)
29,879
225,745
Total
198,687
2,821
29.879
225,745
The Bedser Be
uest
Investments
45.682
4.712
50,394
Total
45,682
Totsl Investment Funds
244,369
2,821
34,591
276 139
7. RELATED PARTIES
The MCC have kindty agreed to contsnue Io PfOVKle support in Pfoduang the annual accounts for the
Charity al no charge lo the Homsby Trust.
8. AUDIT
The Hornsby TNst has taken advantage of the chariti.es Act which states thal an audit is onty required
rf rts gross annual income Is above £500,000 or rt has an annu81 incoffe over £100.000 and assets
exceeding £2.8 mifffl. or regardless of any of these Ihresholds. rf its goveming d¢xumenl states that rt
must have a profesgona audrt or the Commission orders the accounts ol the chgnty to be
professK)naty audrted. None of the above apply to The Homsby Tnjsl.
Page 8