Registration number: 7376156 Oxfordshire Cricket Board (A company limited by guarantee) Annual Report and Unaudited Financial Statements fortheyearended30september2017 Wenn Townsend Chartered Accountants 30StGiles' Oxford OX1 3LE
Contents Company Information 1 Directors' Report 2 Accountants' Independent Assurance Report 3 Profit and Loss Account 4 Balance Sheet 5 Statement of Changes in Equity 6 Notes to the Financial Statements 7 to 8 Detailed Profit and Loss Account 9 to 10
Company Information Directors John Patey Christopher Clements David King Emma Boswell Tim Spittles Margaret Stevens Paul Humphreys Peter O' Neill Registered office The Tudor Jones Building Akeman Street Chesterton Bicester OX26 1TH Accountants Wenn Townsend Chartered Accountants 30StGiles' Oxford OX1 3LE Page1
Directors' Report for the Year Ended 30 September 2017 The directors present their report and the financial statements for the year ended 30 September 2017. Directors of the company The directors who held office during the year were as follows: John Patey Christopher Clements David King Emma Boswell Tim Spittles Margaret Stevens Paul Humphreys Peter O' Neill Principal activity The principal activity of the company is Cricket Administration and Development Small companies provision statement This report has been prepared in accordance with the special provisions relating to companies subject tothesmallcompaniesregimewithinpart15ofthecompaniesact2006. ApprovedbytheBoardon30November2017andsignedonitsbehalfby:... John Patey Director Page2
Chartered Accountants' Independent Assurance Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of Oxfordshire Cricket Board fortheyearended30september2017 To the Members of The Oxfordshire Cricket Board I have performed certain procedures in respect of The Oxfordshire Cricket Board s unaudited financial statements for the year ended 30th September 2017 as set out on the accompanying accounts, made enquiries of the Board s members and assessed accounting policies adopted by the members, in order to gather sufficient evidence for my conclusion in this report. This report is made solely to The Oxfordshire Cricket Board members(the Board), a company limited by guarantee, in accordance with the terms of my engagement letter. It has been released to the membersonthebasisthatthisreportshallnotbecopied,referredtoordisclosed,inwhole(savefor the Board s own internal purposes or as maybe required by law or by a competent regulator) or in part, without my prior written consent. My work has been undertaken so that I might state to the membersthosemattersthatihaveagreedtostatetotheminthisreportandfornootherpurpose.to thefullestextentpermittedbylaw,idonotacceptorassumeresponsibility toanyone otherthanthe members of The Oxfordshire Cricket Board for my work, for this report or for the conclusion I have formed. Respective responsibilities You have confirmed that you have met your duty as set out in the accompanying Statement of the Board. You consider that the Board is exempt from the statutory audit requirements for the year to 30th September 2017. My responsibility is to form and express an independent conclusion, based on the work carried out, to you on the financial statements. Scope I conducted my engagement in accordance with the Institute of Chartered Accountants in England and Wales Interim Technical Release AAF 08/16. My work was based primarily upon enquiry, analytical procedures and assessing accounting policies. If I considered it to be necessary, I also performed limited examination of evidence relevant to certain balances and disclosure in the financial statements where I became aware of matters that might indicate a risk of material misstatement in the financial statements. The terms of my engagement exclude any requirement to carry out a comprehensive assessment of the risks of material misstatement, a consideration of fraud, laws, regulations and internal controls, andihavenotdoneso.iamnotrequiredto,andidonot,expressanauditopiniononthesefinancial statements. Conclusion Based on my work, nothing has come to my attention to refute the members confirmation that the financial statements give a true and fair view of the state of The Oxfordshire Cricket Board s affairs at 30th September 2017 and of its surplus for the year have been properly prepared in line with the Board s Articles of Association.... Wenn Townsend Chartered Accountants 30StGiles' Oxford OX1 3LE 30 November 2017 Page3
ProfitandLossAccountfortheYearEnded30September2017 Note 2017 2016 Turnover 496,022 489,449 Administrative expenses (474,158) (491,134) Operating surplus/(deficit) 21,864 (1,685) Surplus/(deficit) before tax 21,864 (1,685) Surplus/(deficit) for the financial year 21,864 (1,685) The above results were derived from continuing operations. Thenotesonpages7to8formanintegralpartofthesefinancialstatements. Page4
(Registration number: 7376156) Balance Sheet as at 30 September 2017 Current assets Debtors 3 14,677 14,177 Cash at bank and in hand 151,425 114,832 Note 2017 2016 166,102 129,009 Creditors: Amounts falling due within one year 4 (21,703) (15,532) Net assets 144,399 113,477 Capital and reserves Other reserves 48,698 39,640 Profit and loss account 95,701 73,837 Total equity 144,399 113,477 For the financial year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. ApprovedandauthorisedbytheBoardon30November2017andsignedonitsbehalfby:... John Patey Director Thenotesonpages7to8formanintegralpartofthesefinancialstatements. Page5
Statement of Changes in Equity for the Year Ended 30 September 2017 Other reserves Profit and loss account Total At 1 October 2016 39,640 73,837 113,477 Surplus for the year - 21,864 21,864 Other reserves- transfer 9,058-9,058 Total other reserves movements 9,058 21,864 30,922 At 30 September 2017 48,698 95,701 144,399 Other reserves Profit and loss account Total At 1 October 2015 40,938 75,522 116,460 Deficit for the year - (1,685) (1,685) Other reserves- transfer (1,298) - (1,298) Total other reserve movements (1,298) (1,685) (2,983) At 30 September 2016 39,640 73,837 113,477 Thenotesonpages7to8formanintegralpartofthesefinancialstatements. Page6
Notes to the Financial Statements for the Year Ended 30 September 2017 1 General information The address of its registered office is: The Tudor Jones Building Akeman Street Chesterton Bicester OX26 1TH These financial statements were authorised for issue by the Board on 30 November 2017. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A-'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. Basis of preparation These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. Revenue recognition The company is a non profit making entity responsible for the running and development of the game of cricket in Oxfordshire and derives its income from various cricket, education and community boards by way of grant, donations and fund raising procedures. 3 Debtors 2017 2016 Trade debtors 6,870 10,448 Prepayments 7,807 - Other debtors - 3,729 14,677 14,177 Page7
Notes to the Financial Statements for the Year Ended 30 September 2017 4 Creditors Creditors: amounts falling due within one year Due within one year Trade creditors 13,131 1,531 Taxation and social security 2,585 4,972 Accruals and deferred income 5,987 9,029 2017 2016 21,703 15,532 Page8
Detailed Profit and Loss Account for the Year Ended 30 September 2017 Turnover(analysed below) 496,022 489,449 Gross surplus(%) 100% 100% Administrative expenses Employment costs(analysed below) (170,148) (192,085) General administrative expenses(analysed below) (304,010) (299,049) 2017 2016 (474,158) (491,134) Operating surplus/(deficit) 21,864 (1,685) Surplus/(deficit) before tax 21,864 (1,685) This page does not form part of the statutory financial statements. Page9
Detailed Profit and Loss Account for the Year Ended 30 September 2017 Turnover Clubs 6,558 7,913 Coach Education 1,040 3,152 Disability income 30,339 34,762 ECB Funding 133,736 123,761 Business Development 13,910 16,703 Events 16,480 13,185 MCCA Funding 34,371 35,412 Youth Player Pathway 161,818 171,780 Schools 53,163 61,480 Street 31,938 10,310 Women and Girls 3,243 2,040 Other income - 3,918 Disability Management Fees 4,171 - Membership/donations 4,275 4,343 Bank interest receivable 980 690 2017 2016 496,022 489,449 Employment costs Staff Costs (170,148) (192,085) General administrative expenses Coach Education Costs (152) (1,555) Sussex CCC Business Development (716) (820) Disability (30,820) (29,123) Events (11,592) (13,949) Office expenses& professional fees (14,295) (14,168) 2nd XI Squad (1,434) - General (762) (873) Charitable donations (100) - Youth Pathway (153,289) (146,510) Schools Programme (20,406) (35,558) Senior Men (34,965) (36,398) Senior Women (6,344) (6,808) Street (11,739) (5,303) W&G Development (7,170) (1,274) Club Development (9,842) (6,710) Bad debt provision (384) - (304,010) (299,049) This page does not form part of the statutory financial statements. Page 10