VENTNOR CRICKET CLUB LTD
Provision of facilities for boys, girls, men and women to practice and play competitive and friendly cricket. Maintenance and upkeep of a cricket ground to a high standard with good pitches and a smooth outfield. Maintenance and organisation of an indoor cricket school for practice and training.
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net expenditure of £25,720 for the year, resulting in a depletion of total reserves from £881,667 to £855,947. The trustees report that reserves are being depleted every year and that charitable income does not cover running costs, relying on trading activities and donations to bridge the gap. While the charity remains solvent with unrestricted funds of £855,347, the trustees acknowledge the need for 'game-changing responses' to achieve long-term sustainability.
What the accounts disclose
“The trustees are aiming to increase reserves to a level of £40,000 at which point it will be budgeted to maintain this level”
“During the year to 31 October 2024 the trading subsidiary generated taxable profit of £14,905 (2023 - £12,769), and donated £19,000 (2023 - £18,625) to the charity. At 31 October 2024 a balance of £114 (2023 - £101) was owed from the charity to the trading subsidiary.” — page 23
“The charity operates a trading subsidiary, Ventnor Cricket Club Trading Limited.” — page 23
Funders the charity credits
- Red Funnel
Register events
- Received assets from another charity (27/02/2012)
Trustees
- Fiona Catherine Newnham
- Graham Benson
- Mark Neil Fletcher
- Simon Rodley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £113k | £131k |
| 31/10/2024 | £88k | £114k |
| 31/10/2023 | £57k | £98k |
| 31/10/2022 | £74k | £82k |
| 31/10/2021 | £53k | £66k |
Common questions
Is VENTNOR CRICKET CLUB LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net expenditure of £25,720 for the year, resulting in a depletion of total reserves from £881,667 to £855,947. The trustees report that reserves are being depleted every year and that charitable income does not cover running costs, relying on trading activities and donations to bridge the gap. While the charity remains solvent with unrestricted funds of £855,347, the trustees acknowledge the need for 'game-changing responses' to achieve long-term sustainability. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 06/10/2009 | £3k | Increased competition for young cricketers |
| The National Lottery Community Fund | 11/02/2009 | £8k | Expanding Cricket opportunities for girls and boys. |
| The National Lottery Community Fund | 14/01/2005 | £5k | After School Club |