Chartered Accountants' Report to the Management Committee on the unaudited Financial Information of:
Devon County Cricket Club
In accordance with the engagement letter dated 12 January 2022, we have prepared for your approval the accounts of Devon County Cricket Club for the year ended 30 November 2022 from the club's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Members of Devon County Cricket Club, as a body, in accordance with the terms of our engagement letter dated 12 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of Devon County Cricket Club and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Devon County Cricket Club and its Members as a body for our work or for this report.
It is your duty to ensure that Devon County Cricket Club has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Devon County Cricket Club. You consider that Devon County Cricket Club is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Devon County Cricket Club. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Thompson Jenner LLP Chartered Accountants
28 Alexandra Terrace Exmouth
Devon
EX8 1BD
Date:
Devon County Cricket Club Approval of Financial Information
We approve the financial information.
We acknowledge our responsibility for the financial information, and for providing Thompson Jenner LLP Chartered Accountants with all information and explanations necessary for its compilation.
The financial information was approved on:
Finance Director - Roger Wensley Chairman - Neil Gamble
Devon County Cricket Club
Finance Director's Report for the year ended 30 November 2022
The club had total income for the year of £53,798 (2021: £37,338) which included grant income of £36,600, compared to £23,700 in 2021. In addition, the club received £7,500 from sponsorship. In terms of expenses, there was an increase in overall costs from £39,713 to £45,044.
As a result, the club had an overall net excess of income over expenditure for the year of £8,754, which compares to an excess of expenditure over income for the prior year of £2,375. It should be noted that the excess of income over expenditure of £8,754 includes £8,000 in respect to the Devon Lions bank account that was effectively transferred into the main accounts of Devon County Cricket Club.
R Wensley Finance Director Date:
Upon the advice of accountants and the prudence of the DCCC General Committee, the Club has built up and maintained significant reserves to cover the position where grants from third parties might no longer be available. If such grants were terminated or drastically reduced, then the level of reserves would be necessary to enable the Club to continue its playing commitments until alternative funding could be found.
Click here to view 2021-22 profit-and-loss account and balance sheet
