ESSEX CRICKEf FOUNDATION (a company15mited by guarantee) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Iww ABJDX(#12 22112fiD22 OMPANIES HOUSE (Tharity Ie8istration nurnber- 1138269 Company resistrattonnumber- (yr310112
ESSEX CRICKFf FoifTrJDATION YEAR ENDED 31 DECEMBER 2021 ANNUAL REEflRT AND FINANCIAL STATEM5 COLYfETrTrs Pase LE8al and admiNstralive mfgrrnation Trustee5' report tndependent examin&5 report Statement of Financjal Activitte5 Balamce Sheet Notes to the fInala7 statements 10-14
ESSFX CRICKEf FOUNDATION LEGAL AND ADMINISTRATIVE DETAIIS Charity Nathe Charity YeItation ntunbtr 1138269 Companyregistration nwTrber orJi¢n12 Re8iStered Office The aouthn County Cround New WrittEeStreet Chelmsfotd CM2 OPG DireC8/TEllste¢S J T Barne5 KC Brown OBE- Chairman T Churchill (appointed 4 May 2022} P W George {reSid 30 Au8USt 2022) G A Go(xh OBE J C Heley (app)Ind 13 May 2021> R J C Hunt (appoitited 30 August 2022) R l McLintock P Northfi"eld (appointed 13 May 2021. resigned 11 December 2021) l J Patterson (resi 23 Novemlr 2022) J SpÈnce CBE DL lappoiThted 5 sepMr 21122) J P StephenTr {app)Ind 3 May 2022) Company Secretary B W Elliott Bankers ayde$de BoJ%k pk Part4ThFIcK)r VeraEum Point Station Way St Albans ALI SHE Batdays Bank pk 75 High Street Brentwood CM14 4RP Independent Examiner The Old Granse Watren Fstale rdship Road Writtle CMI 3WT
ESSEX CIUCKET FOUNDATION YEAR ENDED 31 DECEMBER 2021 TRUSTEES, ANNUAL REPORT The Board of Tru51Ee5. who are a150 dirtttoTh of the Company for the purpose of the Companie5 Act 2(Kl6, presenttheiI annual report and finla1 stateroeTIts of Charity foT the year ended 31 Dember 2021. The financiaj statements comply with the Charities Art 21ni, the CompaJ)ies Act 21I)6, the Memorandwn and Article5 of ASLtion. and AccountiDs and RepoTting by (hrilies.. Statement of Recomrnended Practice applicable to chan"tÈes pres>ating thetr accounts tn accordarKe with the Finala[ Rep)rtinsStandard for Smaller Entitie5 (FRS 1021 Uarniary 2019). The company was into4xyrad om 9 July 2010 and held its first fundrni5Angevent on 5 April 2011. Reference and adthistrntlve details of the Charity. its ttnsiee5 and advtse The Charity resistration nUmr. the COTnFany regtsttation numir, the address of the Chariry and detaiIs of its trustee5 ar advi%ers are given on pa8e l of these fla] staiements. STRUCTURE GOVERNANCE AND MANAGEMENT Constitutional stN¢ture EX Cricket and Community TTht wa5 incorporated as a company limited by guarantee on 9 lujy 2010 and is 8tstered IA Ensland and Wales under numEtr orJio112 dnd is also rwtered as a dthrity in Eland and Wales under 1138269. Essex Cricket and Community Trust changed its name to F4sex Cricket Foundation on IS Septeukn 2015. The company 15 8overned by its MemoTandum and Article% of knlatI.0Tr whith set out the objects ad powers of the charitsble compamy. In the event of the cornpany being wound up. the liabxlity in respect of the guarantee is limited to £10 Fer membu of the company. Charilable objects and public beneflt When considerin8 the èims and o14th.ves of the charity the tntee5 have referred to the guTrdQ published by the Charity Cotiullission on public benÈfit The Charity's for the Enefit of the public sa)erdUy and, in particu]ar. the irthabitants of E55ex and its surrounding areas- TD promote community partripabon in healthy reation by PToviding faeijities IOT the playins of crttket and other sporls capable of impri)ving treajtt To provide and assist in providin8 facilRtÈes (or sporL retreation or other leisuTe time occupation of such persons who have ¥ed for such faLilitie5 by reason of theit youth. a8r. infirty or disablement, Foverty OE sociat and ecoJwmic CiTcumsrances OT for the public at large in the interts of s(tral welfare and with the oEpt of improvingtheiT conditions ofIif¢ To advance tk education of thildren youn8 Ople. wlth parkncular referen to those in schools and universities. throush such meart$ 85 the trustEes thk fitin accord8J with the law of charity,
ESSEX CRI(XEf FOUNDATION YEAR ENDED 31 DECEMBER 2(Y21 TRUSTEES. ANNUAL REpoKr Charltable objerts public beneflt (continued To Te5ieve ID case5 of need. haTtslu"p or distre55 (irKluding by providing gg(Mts. services, support and/or assistanc4 whether finanaal ox otheISe) those persons who are livitis in OT were fornierly resident in Ess For the general pursxjses of such charitable Wies or for such other exdusively charitable purp$ in each case as the trusiees may from time to tinie decide Organisational structure #md appointment of trte9 The member5 elect the charÈtable trwstees {the Board of DArecb)Ys under tompany lawl and the trustee5 elect from their nuuir a ChairmaEL The Board ol Tnlstees rnay fitl vacancÉe5 duTing the year by appoiTrtins trustees themselves. The Board of Trustees The trustees of the company (for the purp(6es of the Compawes Att 2Cth also desrgnated as DiTectOTS) as at the date of this report are shown on page i of these fin181 statements. All trust&s &ve their tllThe voluntarily and receive no inefits from the Charity. but reimbvtsement of reasonable and ntte9sary experseg are made available. The appointsnent of the Tnittal trnstses was v)xleth to obtain the appropriate mix of experience and experlise In the activities of the Charity. ITKlividuai Trusteps may UTKtertske specific trainins in a particujar aspert of Trusteeship and the Board continue to review the e¥iee amd expertise required and the need to provide training or appoint newTrustees to fÉll swifir rol*E. The me$ of the Charity in genetalrneetin8 appoint the trustees in accordance with the Articles. Statement of truSe8. responsibiixties The trJstee5 (who aTe ajso diJwtois of Essex Cricket F¢)U)atroll lor the PrPOseS of Company law) are responsible for preparing the Tnlee$ Anmial Reprt and the fiDan¢iat Stateents in accor(lance with applicable law and United Kingdom Accountin8 5tsndards (United Kmgdom GewalEy Acceptsd Accounting Practice). cOmpY law requires the trustee5 to prepare fiarla] statements for each fina131 year. Under company law the trustees must not approve the fin1 statements unjess they are satisfied that they give a true and fai view of the state of affairs of the charitsble company and of iOMing resour application of resources, inctuding the Income and expenditure. ol the charitabk company for that Fknod. kn prepalins those financial statements, the trn5tees are requited to.. Select suitable accowiting policies and apply them eonsi5kndy.' Observe the rnethods and principles in the Chatilie5 SORP 2019 (FKS Iiri): Make judgments and accounting estinu that are ¥e&sonable and PTudent Prepare the financial statthents on the going concern basis unIess it is inappropriate io ptesume that the charitsble company wtll cotitinlle to opeTaté
ESSEX CIUCKET FOLfNDATION YEAR ENDED 31 DECEMBER 2021 TRUSTEES, ANNUAL REPORT Statement of trustees. responsibilities (rontinued) The trustees aTe respjnsible for ensuring that proFer accounting rerords are kept whith dtsd05e with reasoTrdble accuracy at any time the finanaaj position of the chayitsble Compamy and enable them to ensure that the fi.ala1 statements cotnply with the Companies Art 21X)6. They a also SPonsIble for safeswdins the assets of the ChaTity and hee for tsking reasonable sleps EOT the prevention and detection of fvaud and otheT irregu]aritie5. In $0 far a$ the ttuslees e awaJe. There is no relevant examination infornution of which the charitable companls examiner 15 unaware; and The tNstees have taken all step5 that they ght to ve tsken to make thetnselves aware of any reievjmt iDlomiation and to establish that the examiTW AS aware of thatinformatto Financial rrriew The mi$5ion of Essex Cricket Foundation IECF) 15 to support the 8arne of uickei in the £OUnitieS of Essex And East London in providlng finantt and expertise to enable all t(> reach thelr potential in County, Acaderny or aub crickeL through fuaIng piograrnmes foi youth of all abiliti&. provide cricket opportunlties in deprived areLs and Support dt5abled and n)inority STOUPS. It aill to create QPFK)rttity for all to participate and enjoy the galne of Crscket through Club aDd community expeTieiice. Addib"ona51y to give 51JPPOTt tts fwmer Essex cricketW5 due to financial hardship. ECF 1$ the offAcial Essex County Cricket Club clwiry and is ao intewl part of the Essex Cricket Èn the Cotntnunity's (formerly Essex County Cricket Board's) strategy of 'lnsptring Essex io Crickey. by providing 8TaDts across a whole range of cricketing abitities. The ovei-riding tttle of 'lJspiting Essex to Choose Cricket. anbraces youns people to develop their skiils throu8h the Graham Gowh Essex Cricket A¢ademy, 35 well as local club5 mentoring youns cricketets. ECFS programmes embrèce those wtth disabitities, those in deprived aTeas and the PTomoiion of girl's athd women'scrickeL The main rontributor to income of the Charity in previous years has been the activities of the Graharn Gooch holarship Fund that senerated inc¢)rne of £172238 during the year. ECF r¢reived donation5 of £75A03 into the GeneTal Funit tn 21r21 ECF made doDatiorLS of £86%01202tr. £75504. The Club Academy was the PTincipal beneficiary from the Graham Gch holarship FUT. but grants were also made to the DAstrict Cricket Boards to enable them trj coach and idenknfy tslented young cricketers who may eventI)]Y ma&e an Essex squad. Financial 5UPPOTt of £14.000 was Provided for Strt CrickeL DisabLlity and Girl's cricket throu progtauts organi5ed and facil%tated by Essex Cricket in the cOnnity. which would not have Eeen possible before the fortnation of the FoUndt4tio Totsj srants and donatiorL% made by the Fourthtion total ll Jll,154 at 31 Decemt*r 2021. Tn pmious yeaTS the Trustees agreed to com¥nit £47.(KrfJ to support community cricket pro?th. This includes £35,0 for the Essex Cricket in the Comtnunity to carry out further st[Lo. girls and disability progranunes. together with £2,CrfIO which is provided to each of the Ewx District Boards so that they can provide development progranune foy youngsters through coachlng and competition Additionally the Graham Gooch holat$hip Fund supports theaub Academy with a mtnimum of£30.(XY) each yw.
ESSEX CRICKFf FOUNDATION YEAR ENDED 31 DECEMBER 2021 TRUSTEES. ANNUAL REPORT Finandal review (contlnued) In 2021 the Fourdation Continued piay a key part in the development of ptO8rammes across the county that linked into the aub'5 values of Excite. Enga8e and ED1We, the key fcrus areas for the work the Foundation support links in the following key areas, Mental and Physical Hea]th. Community Cohesion and Educatton/Employabihty. Mental & Physical Health The Foundation sUPPOrt has enabled us to Djn a~One hit to another Hit- Rehab pro8ramme where arowid 20 individuats have been engaged via developin8 leAdeTship. safe8uardin8 and first aid sk]lls to help develop confidence in their rehabilitation. One fftndividtsal now volunteers 6 days a week on different cricket pro8ramme> The Foundation has also supported the sekng up of WaEkTng &Rcket huE6 aTound the county with over SQ senioT Community Te5idents now able to bak down isolation and lack ol physical aCtity with weekly 51xial cricket sessiofL5. ThLS rK)w kn ]irLked up Sporting Mernories f(Kus on developing support around 1501ation and dementia. The projert SUPPOrts weekly cof( mornin85 encouraglg people to meet and Sha life experiences. Community Cohesion LirthJ"Dg up with our BTeaking Boundarie5 and CoTe City work as well linkins P with takin8 the learnin8 from these areas the Foundation is supportin8 commuDity programs that help to develop cmtins conununity cohesxon across Gender. DiveT5ity ard Age. These range from mefttorin8 days to smaJI group activation and development. ThewoTk has started to see us link up other stakeholders Using the Simple form of Tape BalI cricket to brins the cojnmunities 108ether. As weu as this. the Foundation also supp)rts a Dtsmber of couttty wide competitions that bring people together from across the county to enjoy the Eenefi"t that cricket can have. In 2021 we had around 2CO) partiapants. The Foundation has aLso suppoIted the Desi Women programme that has helped inspi. train and engage oveT 300 frts Ethnic minority groups. The Foundaiion has 5upp)rted the programme by supporting cornmunity cejebrntions and festival5. Education and Employability In 2021 the Foundation again supErd the development of Womert and Girl's cricket this was vÈa $upportiti8 the running of the county proainS acrw the county with over 150 giTJs engaged and with one of the beneficiaries goimg on to play foT England in 2018. The Foundation a150 supported over IS girls engaged i Gtrl Guide badg¢s and the delivery of uicket in 0ndary schoo]s to over 30 sth¢Jo]s that lead to a World Cup tape ball fin81 on Hatnault Tec Èn LondoTh The FouTtdation is also 4 key supporter in the development of ability icke helpin8 to not only run a club and county pro8ram with around 500 participants but also support in the training opportunities for participaTIts with coaching and other lrfe 5kiU qualifications. The Foundatton i5 also a key supporter of the county Academy helpAng it of the leading countie5 foI the developn)ent of players linking into the club5 %der home grown philosophy, the iole of the Foundation is key irt the availability of the Education support offIE for the players a5 they transition thTough the age groups not only ym terms of Cricket buttheir own Edationa] into Employment pathway irx). Total income for the year was £274J21 12020.. £39.677) and after deducting charitable donations and chan.ty overhead exwiditure, resujted in a SUTplus foz the year of J517 (2020: deficit ffi6,IX8) fOre investsnent in5 of £83J91 (202(Tr. £30274). The inaease in r*t funds for the year was a77.11812020.. £14.2261.
ESSEX CRICKE[ FOUNDATION YEAR ENDED 31 DECEMBER 2(Y21 TRUSTEES. ANNUAL REPORT Finandal Teview l¢ontinttedl ECF fLmds at the end of 2021 stood at n.245,¥JO. but of this represents restricted and endowment funds. The largest Fumd is the GocKh ScholahIP FunLi while smaller funds provide support to former players who need financial or medical supp) ITh common with most otheT charities, the prin(ipal TiSk currendy facing u5 is gerwation of futUTe fundraising Inc0e. As a resujt of our prndent fina731 management in the pas¢ we have in place reserves which enable IJS to cot)tinue to operate foT many months. indefinitdy. The trustees are actEveEy pursuins other possible sources of fLIt1n& includin8 a Foundation Lottery. My thanks to all the Trustees who sive freely of their till and advice and to thestafE of ECIG led by Dan FeisL who tun vlouS initiatsve$ we support Resetves policy tn accoxdance with the Charitie5 Sratement of Recommended Fractice (SORP) the term reserve5 refers to that part of the Charity's incorne funds that is ffftly avadable. This definition therefore exdudes restricted Eu3 and that part of unrestrieted fund5 notTeadily available. The Trnstees retain fvnds in order to ensure that there are suJft lurLds to renew existing PTO8Tammes to Support community PZOFcts as in the early stages of the forti110 of the Charity, they are Teliant on fundraising which in the CUTrent ecoDomic envirortment Ca tall short of expectatim)s. The Trustees also need to retain funds to support exx5ttng prOts of the Youth Trust Whe it d¢)es not have the resources. The cost of these projts is currently aO,OC4) pez aDmUm and wiu eventually be met from Unrestri rwves. The Trustees have asr to commit £45,0 next year to exi5tsng proFcts, of which a minimum of £17500 will be met from UDxe5trickd Serve& UnrestrACted reserves in the accounts at 31 tkemEei 2021 Were1.155 (2020: f38.214. This reFK)Zt has b*n prepared in accordance with the special Provisio of Part 15 of the Companies Act 2C¥)6 relabng to small companies. Approval of Annual Report This Trptsrtwas approved by the Boatd of DITtots on 30 Au8USt2022 and signed on its behalf by K C Blown Chairma oq Dfftm 2022
ESSEX CRICKET FOUNDATION YEAR ENDED31 DECEMBER 2021 Independent emminerfs Teport to the trnstees of Essex Cricket Foundation I repolt lo the charity trustees on my examination of the accounts of the company for the year ended 31 Decemkr 2021, whtch aye setout on pages 9 to 14. Responsibilities and basis of report A5 the charity trustees of the company land a]$0 its directors frjr the PUTPOW of company law) you are resp0Th5iblefor the preparation of the accounts in accordance with the requirements of the Companies Art 2006. Having satisfied myseIf that the accounts of the company are not rquired to be audid under PaTt 16 of the 2006 Act and are eligible foT independent examination. I report in Tespect of my examination of your company's accounts as carried out under section 145 of the CharAts"es Act 2011. Jn CaYing out my examination I have followed the directions given by the Charity comm10n under setiion 145(51(b} of the 2011 Act. Independent exarninerfs slatement I confirm that l am qualifled to undertake the examination Lcause l am a merttLw of ICAEW. which is one of the listed bodies. I have completed my eXamiti0rL I confinn that no matters have Con to my attention in c(mnectron with the examinatiom vingthe cause to Ethve that Èn ar¢y rnaterial resPtr. accountins records were not kept Tn rw of the company reqlled by sertton 386 of the 2Cl Act,. or thÈ a¢coi]nts do not aCCOTd with those Tecords." or the accounts do not comply with the accounbns requi of section 396 of the 2006 Act other than any TequiTement that the accounts ve a'true and fair viebrf wch is not a matier considered as part of an Tndependent examination. or the accounts have not been prepared in accordance with the methods amd PrI1p1eS of the Statement of Recowttnended 14actio for accounting and repoiting by charities. J have no concerns and have come actc6s no other matters in connection with the examination to which attention should be drawn ITh this reprt in Old to enable a proper understanding of the accounts tt) be re*(&ed. Mr N Shaw ICAEW Chartered Aecountsnt Fher Michael, The Old Grange. Waryen Fthats. LoTdship RoaiL Writtle. Chehn5ford. FsseK CMI 3wr Date 04.12.3-
ESSEX CRICKET FOUNDATION STATEMENf OF FINANCIAL AcfTVTfIES FOR THE YEAR ENDED 31 DECEMBER 21ni (incorporatinglneome and Ex[altre account) 2021 Total 2020 Total funds Unrestrided Restricted funds funds INCOME Income from DonatiorL5 and legacies Charitable activits.es Investments 15,440 172338 10.221 91,243 172.338 11.)40 29,405 919 10.222 Toiaj Income 76,722 197.939 274.721 39.627 EXPENDlITIE Expenditwe on Raising fund5 Charitable activities Investment managellit charge5 Other 91514 55.650 62 ,147 86,580 67 2.400 14,991 75.507 12,362 215 Total expenditure 147.226 181.194 105.675 Net gains on investments 76.692 83.591 80,274 Net income/ lexpenthture) befoTe transfe 49.653 127,465 177,118 14.226 Transfers between fun 13 17.715) 7,n5 Net movement in funds 41,938 135,180 IT7,118 14.226 Ba]ances brought forward at l January 2021 88217 96095 1.068.812 1,054,586 B#lance8 carried forward at 31 December 21Y21 130,155 1,115.Tr5 1.245.930 I68.812 The statement of financial activitÈes tncludes ajj gains and lo&ws in ye8J. AU incoming resouTces and resour¢e5 expended derive from continuing aCtitieS.
ESSEX CRICKEf FOUNDATION Company number- 07310112 BALANCE SHEEr AS AT 31 DECEMBER 2021 2021 2020 Note5 Fixed assets Investments 1.157,913 1,076.m Current assets DebtOTS Cash at bank and tn hand 19258 121,017 140275 (52.258) 11,165 156.211 167,376 (174.6351 CreditOTS'. amouThts £allin8 due within one year Net current assets Total 475setg less current liabilities 88.017 I.245,0 17.259) 1.068.812 Funds Unrestritttd funds Designated thds GeneTal funds 130.155 130.155 1.115.775 1,245.930 88.217 88,217 980.595 1,068/12 Restricted funds Total fund¥ 1113 The charitable company R5 entitled io exemption fvom audit under S0?) 477 of the Companies Act 2(N)6 for the year ended 31 DecembeT 2021. The members have rtot yequired the tharitable coD)pany to obtsin th auoii of its financiaj statements for the year ended 31 Decernber 2021 in accordanee with &etion 476 of the Companies Act 2006. The trustees acknowledge theii Tesponsibilxties for (al ensuring that the tharitable COTnpany keeps accountsng records thatcomply with Sections 386 and 387 of the Companies Act 20116 and Ib} preparing financial statements which give a true and faiT view of the stale of affairs of the charitable company as at the end of each finanaal year and of its surplus or deficitfor each financial year in accordance with the requysements of Sections 394 and 395 and wknith otherwise compty with the reqtsirements of the ComFMnies Act 2006 relating to h'nancial statements, so faT as applicable to the charitsble company. These financial statements have been prepared in ac ComFxnies Act 2006 rejating to small charitable co Sm8JleT Enb"ties (FRS ID2) (updated January 29). donce with the SF)etial provisions of Part 15 of the and with the Financial Reporting Standard for Approved by the Board of Trustees on q Decem 022 and signed on iLs behalf by K C Brown OBE Chairman S T Barne5 Trusiee
ESSEX CIUCKET FOUNDATION NOTES TO THE FINANCIAL sfATEMFNrs FOR THE YEAR ENDED 31 DECEMBER 21m l AccouwfiNG POLICIES 1.1 ACCOUNfiNG CONVENTION The lina)X-1 ststements have kn Ppared in accordance wilh Accounting athd Reportin8 by Charities.. Ststernent of Recommended Practi applic3ble to tharities PTepaTing their accounts ID accordance with the Financial Reportin8 Standard for Smalter Entities publLthed on 16 July 2014. Finantial Reportins Stsndard 102 IA (FRS102 IA) and the Companies Act 2006. and tiabilities ave initially rec08n1 at hRstorical cost or transaction value unle&s otherwÈse ststed in the relevant accountsng p)IKy note. 1.2 FUND AccouffflNG The Charity mainla] various of funds as follows: Uwestricted general funds are available for use at the discretion of the Tnte¢S in furtherance of the Senwal oiryectives of the Charity. t*5ignated fiJnds are unrtstricted funds that are set aside by the Trust&5 Out of unrestricted 8eneraJ funds fior paYtioJJar pro1ts or purpose& At the ba]atKe $Iet dale the TTUStees had not estsblished any designated ds. Restricled funds are funds that can only Ee used for particular puyposes within the objerts of the Charity. Restrictions arise when specTfied by thedonor or when funds are rais1 for particular restricted purp)ses. IJ INCOMING RESOURCES All incoming resources a included in the Ststement of Fina17 Artivilies when the Charity is entitled to the income and the amount can quantih.ed with reasonable accuraLy. 1.4 RESOURCES EXPENDED All eXpendIre is accounted for on an accruals basis and has classified under headings that aggregate costs relating to that category. whe costs CaEmOt be directly attrfftbuted to particutar heading5 they have been allwated to activities on a basis coosistentwLth the use ofthe sOUT5. Charitable experditure compTiSe5 those costs incurred by the Charity in the delivery of its activitits and Eervices. It includes ix)th costs that can allrxated dllectly to suth acttyities and those costs of an IrlTeCt nature neceswy to SUPPQTt them. IS VALUE ADDED TLX The Charitys activities are CIled as exemptfor the Purp of value added tax and the Chlty is urnble to reclaim the value added tsx which it sllffeTS on its exFaW. Expthditure in thtse finaTKial ststements is therefore shown inclusive of value added ts io
ESSEX CRICKEf FOUNDATION NOTES TO FINANCIAL ATEms YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES (CONTINUED) 1.6 INVESTMEwrs Listed investtnents are strdted at maTket value at the baiancesh&t date. Any unTealised 8axn or loss for the peTiod i5 taken to the Statement of FUjaI Activitie5. 1.7 DEBTORS Other debtors aEe Tecwised at theSeernent amount due. PryyD)ents are valued at the aDWUnt prepaid. 1.8 CASH AT BANK Cash at bank includas cash and short tenrL highly liquid investments wAth a short maturity of three months or lass from the date of acquigition or opeTrims of the deposLt oi sjmilar 1.9 CREDITORS Creditors are recognised where the chaiity has a present obligaix)n resulting from • past event that wiIi probably result in the transfer of EVd5 tt) a third party and the amount due to settle the ob"ga"on can measured or estimated reliably. credito are nornially rwised at their settlementamounL 1.10 ESTIMATION UNCEKTAibrrY No $iyificantjudgemeThts or estimatiODS have been applied in the preparation of the financial 5taEernents. 2 DONATIONS AND LECACIES 2021 Total 2020 Total Unrestiicted Restrided Donations- General fund Donatiorts- Graham Gooch Scho]arship Fund Donations. Essex County Cricket Club Benefit Tntst Donatiot)s- Essex County Cricketclub Youth Tnt 75A03 15.440 29AO> 15A40 75303 15,440 91.243 29.405 3 INCOME 2021 Total 2020 Total Unrestricted Restricted FundraisiD8 events GTaham Gooth oIrshiP Fund 172,338 172.338 172,338 172,338 li
ESSEX CRICKEf FOUNDATION NOTES TO FNANCIAL STATEMwrs YEAR ENDED 31 DECEMBER 221 4 EXPENDrruRE 2021 Total 2020 Total Unre5tiicted Regtiicted DirectChaTitabLe expendittue Independent exanimers fee Fundrnising costs 55.650 75507 633 33,963 91514 147.164 92,147 181,127 14,991 During the period the Ckarity made a grant of £14,(#XI (2020.. £14,OCQ) to Essex Cricket in the Cotnmurrity to undertake pIogramme of Street QickeL Disability cricketand also coachmg Sessio fvr wollwi's and 'r1.$ crickeL A srant of £30,000 (2020.. £40,IJXI) was also made to Essex County CTi(ket Club to the Essex Cricketac•demy. 5 ST AFF COSTS Thè company has no employees otr than the TrustÈ8s / Directors. 6 TRUSTEE REMUNERATION The / DirLrtt)rs TKeived remuneration during the year and no Tntee l Director was reimbutsed foi any travel costs incurred. 7 FIXED ASSET INVESTMEwrs Ltsted investments 2021 2020 At l January 2021 Adth"tioDs durin8 year Disposals duxing year Net gain for the period At 31 December 2021 1.076,on 313,985 (313.1?2) 81,009 1.157,913 997.6n 303,131 {336.2891 111,558 1.076,on Historical cost at 31 December 2021 924.6(X) 875.139 Investment gaiTLs/ 00s#esl Fair value &dstment Other investtnent gains 74,217 6.057 80,274 2.582 83.591 No actounthas been taken of market fluctuattons since the balare sheet date. 12
ESSEX CRICKEf FOUNDATION NOTES TO FINANCIAL STATEMwrs YEAR ENDED 31 DECEMBER 2021 8 DEBTORS 2021 2020 Other debtors Prepayments Other debtors and prepayments 19.258 2,743 8,422 11.165 19.258 9 CREDrroRS; Amouwfs FALLING DUE wrrHIN ONE YEAR 2021 2020 Other creditor5 Accruals Deferred income 10.524 41.012 111,518 41137 20.980 51258 174.635 10 DEFERRED INCOME Deferred incojne comprises grants e1Ved wkre the purpa* of the grant expenditure has Thot iyen completed at the year end. 11 UNRESTRicfED FUNDS General Designated fund5 fund5 Total Balance at l January 2021 Surplus for the yeaT 88.217 41.¥J8 88217 41,938 Bal4Ce at 31 De¢ember 2021 130,155 130,155 12 ANALYSIS OF ASSETS AND LIABILrrIES BEfwEEN FUNDS 20 Total 2020 Total Unrestrirted Re5trirted Snvestuwits Current assets Cteditors.. amounts fallmg due within one year 117,29) 38A26 25.970 130,155 1,040,614 101.449 26.288 1,115,775 1,157,913 140.275 52,258 1,245.930 1.076,071 167,376 174,635 l.D68,812 13
ESSEX CRICK FOUNDATION NOTES TO FINANCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2W21 13 MOVEMENTS IN FUNDS Transfers and investment gal(105$e$j l January 2021 Incoming Outgoing resources 31 December 2021 Restricted funds: Graham G(x)ch &holaTship Fund Essex County Cricket Club Benefit Tnt Essex County Cricket Ctub Youth Trnst r18.654 19).842 I.778 (137,164) 68,966 17,699 7,901 898.234 217,541 iio,000} Total restrided fund8 980.595 187.778 (147.164) 94.566 1.115.775 Unrestiicted funds: General funds 88.217 (33.963) 98 130.155 Total unreslri¢ted funds 88.217 P3.963} 130.155 Total funds 1.068.812 263581 (181.127) 94h64 1,245.930 The Graham Gooch &holars"p Fund provide5 5th0]arships and grants to young cricketers of all abi]ities to enhance their crtcketingskilL5, thTough the Essex Ciicket Academy or indiwidual grants. The Youth Trn5t provides grants lo cricket dubs to support youth coathin8 pro8ramrne5. This fvnd has received imcome and has made grants since the period end dale. The E5sEx County Crhcketclub Benefit Trust provides BranLs to foTmer players who did not have benefits whtle at Egsex County Cricket Club who have fjnancial problems or TequTre medical 5UPPOrt. Additionally it provides educational grats to all fornier professional cricketeT5 to a5SiSt in Tetraining. 14 RELATED PARTY TRANSACTIONS By its very nature the charity has a close working TelatioThship with County Cricket Club. During the period the Cricket Club paid various expenses on behalf of the charity. At the balance Sheet date the thartty owed the Cri¢ket Club 0.524 {2020.. £111.518). This amotsnt is included withm other crediknzs. 14