ESSEX CRICKET FOUNDATION (a company limited by gllarantee) ANNUAL REFORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charity registration number - 1138269 Company registration number - 07310112
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2022 ANNUAL REPORT AND FINANCIAL STATEMENrs cowrENTS Page Legal and administrative information Trustees, report Independent examiner's report Statement of Financial Activities Balance Sheet Notes to the financial statements 10-14
ESSEX CRICKET FOUNDATION LEGAL AND ADMINISTRATIVE DETAILS Charity Name sex Cricket Foundation Charity registration number 1138269 Company registration number 07310112 Registered Office The Cloud County Ground New Writtle Street Chelmsford E55ex CN12 OPG Directors/ Trustees I T Bames K C Brown OBE- Chairman to 31 July 2023 (resigned 31 July 2023) M T Churchill - Chairman lappointed 4 May 20221 P W George Iresi8ned 30 August 20221 G A Gooch OBE J C Heley R I C Flunt (appointed 30 August 20221 R l McLintock l J Patterson Iresigjied 23 November 2022) Canon Dr J A Spence CBE DL (appointed 5 September 20221 J P Stephenson (appointed 3 May 20221 Company Secretary B W Elliott Bankers Clydesdaie Bank plc Part 41frfioor Veraluni Point Station Way St Alba AI.1 SHE Barclays Bank plc 75 High Street Brentwood sex CM14 4RI) Independent Examiner Fisher Michael The Old Grange Warren F.state Lordship Road Writtle Chelmsford Essex CMI 3wr
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2022 TRUSTEES, ANNUAL REPORT The Board of Trustees. who are a150 director5 of the Company for the purpose of the Companies Act 2006, presetit their annual report and financial statements of the Charity for the year ended 31 Deceniber 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Meniorandum and Articles of Associotion, and Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Repoi'ting Standard for Smaller Entities IFRS 1021 Uanuary 20191. The company was incorporated on 9 July 2010 and held its first fundraising event on 5 April 2011. Reference and admAnistrative detai18 of the Charity, its tsustees and advisers The Charity registration number, the conipany registration nurnber, the address of the Charity and details of its tfU5tees and advisers are given on pa8e l of these financial 5tateinents. STRucfuRE, GOVERNANCE AND MANAGEMENr Constitutional structure Essex Cricket and Community Trust was incorporated as a company limited by guarantee on 9 July 2010 and is registered in England and Wales under number 07310112 and is also Ie&stered a5 a charity in England and Wale5 under number 1138269. EeX Cricket and Community Trust changed its name to Essex Cricket Foundation on 15 September 2015. The company is governed by its Memorandum and Artxcles of Association which Set out the oblts and powers of the charitable company. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per rnernber of the company. Charitable object5 and public benefit When considering the aims and objectives of the charity the trustees have referred to the guidance publi_qhed by the Charity Comrni5sion on public benefit. The Charity's objects are for the benefit of the public generally and, in particular. the inhabitanb of Essex and its surrounding areas- To promote community participation in healthy recreation by providing facdities for the playtng of cricket and othei sports capable of improving health, To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such person5 who have need for such facilities by reason of their youth, age, infirrnity or disablement, poverty or social and econoniic circurnstances OT for the public at large in the interests of 50ciat welfare and with the object of impi'oving their conditions of lifc, To advance tlie education of children and young people, with particular reference to those in schools and universities, through such means as the trustees thi] fit in accordance witli the law of charaty,
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2022 TRUSTEES, ANNUAL REPORT Charitable objects and public benefit Icontinlled) To relieve in cases of need, hardship or distre55 (including by providing soods, seIvice5, Support and/or assistance, whethcr financial or otherwise) those persons who are livitig in or were formerly resident in Essex, For the genero1 purposes of such charitable bodies or for such other exclusively charitable purp05e5 in each case as the trustees may from time to time decide Organisational structure and appointment of trustees The members elect the charitable trustees (the Board of Director5 under conipany law) and the tsu5tees elect from their number a Chairman. The Board of Trustees may fill vacancies during the year by appointing trustees themsclves. The Board of Trustees The tru5tee5 of the company {for the purposes of the Companies Act 2006 also designated as Directors) as at the date of thi.8 report are shown on page l of these financial staternents. All trustees give their time voluntarily and receive no benefits frorn the Charity, but reimbursement of reasonable and nec&sary expenses are made available. The appointment of the initial trustees undertaken to obtain the appropriate mix of experience and expertise En the activities of the Charity. Tndividual Trustees May undertake specific tsaining in a particular aspect of Trusteeship and the Board continue to review the experience and expertise reqLEired and the need to provide training or appoint new Trustees to fill specific roles. The niembers of the Charity in general meeting appoint the trustees in accordance with the Articles. Statement of trustees, responsibilities The trustees (who are also directors of Essex Cricket Foundation for the purpose5 of Company Lawl are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 the trustees to prepare financlal statements for each financial year. Under company law the trustee5 Inust not approve the financial statements unless they are satisfied that they give a true and Eair view of the state of affair5 of the charitable company and of incoming resourccs and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial stateine2its. the trustees are required to.. Select Suitable accounting policies and apply them consistently. Observe the methods and princkple.8 in the Charities SORP 2019 IFRS 1021,. Make judgments and accounting estimates that are reasonable and prudent.. Prepare the Einancial statements on the going concern basis unle55 it is inappropriate to presume that the charitable company will continue to operate
ESSEX CRICKEf FOUNDATION YEAR ENDED 31 DECEMBER 2022 TRUSTEES, ANNUAL REPORT Statement of trustees, responsibilities Icontinued) The trustees are responsible foT ensurin8 that proper accountins records are kept which disclose with reasonable accuracy at any time the fEnancial position of the charitable Cornpany and enable them to ensure that the financial statements comply witb the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the pievention and detection of fraud and other irregularities. In so far a5 the trustee5 are aware.. There is no relevant examination information of which the charitabIe COTnpany s examiner És unaware,. and The tru5tee5 have taken all steps that they ought to have taken to nTrake themselves aware of any relevant irrfornThtion and to establish that the examiner is aware of that information. Financial review The mission of E55ex Cricket Foundation (Ecfi is to support the game of cricket in the communities of Essex and East London in providing finance and cxpertise to enable all to reach their potential in County, Academy or Club cricket, through funding programmes for youth of all abilities, proiride cricket opportunities An deprivcd areas and support disabled and minority groups. It aims to create the Opportunity for all to participate and enjoy the game of cricket through Club and community experience. Additionally to give support to former Essex cricketers dLLe to financial hardship. ECF is the oÉficial Essex County Cricket Club charity and is an inte8Tal part of the Essex Cricket in the Community'5 (formerly Essex County Cricket Board's) strategy of 'lnspiritl8 Essex to Choose Cricket,, by providing grants across a whole range of cricketiiig abilities. The over-riding theme of 'Inspiring E55ex to Ch005e Cricket, embraces youn8 people to develop their ski]Is through the Graham Gooch Essex Cricket Academy, as well as local clubs mentoring young cricketer5. ECF'S programme.s embrace those with disabi]ities, those in deprived areas and the promotion of girl's and wornen'5 cricket. The main contsibutor to income of the Charity in previous years ha5 EEen the activities of the Graham Gooch Scholarship Fund that generated income of £36,950 and received donations of £176,072 during the year. ECF received donation5 of £40,381 into the General Fund. In 2022 ECF made donations of £88,170 (2021.. £86,580). The Club Academy wa5 the principal beneficiary fro)m the Graham Gooch 5cholar5hip F'und, but grants werc also made to the District Cricket Boards to enable them to coach and identify talented young cricketers who may eventually make an E55ex squad. FiTwicial support of £35,000 was provided for Street Cricket, Disability and Girl's cricket through program5 organised and facilitated by Essex Cricket in the Conununity, which would not have been possible before the forination of the Foundation. Totsl granL8 and donations made by the Foundation total £1,399,324 at 31 December 2022. In previous years the Trustees a8Teed to commit £47,000 to support community cricket projects. This include5 £35,000 for the Essex Crxcket in the Cominunity to carry out further Stree¢20, girls and disability progranlies, together with £2,000 which is provided to each of the Essex District Boards so that they can provide a developtnent programme for YoUnterS through coachins and competition. Additionally tlie Graham Gooch Scholaiship Fund supports the Club Acadetny with a minimum of £40,000 each year.
ESSEX CRICKIT FOUNDATION YEAR ENDED 31 DECEMBER 2022 TRUSTEES, ANNUAL REPORT Financial review Icontinuedl In 2022 the Foundation continued to play a key part in the development of programmes acr055 the county that linked into the Club's values of Excite, Engage and ETrhall, the key focus areas for the work from the Foundation support links in the following key areas, Mental and Physical Health, Conununity Cohesion and Education/Employability. Mental & Ph sical Health The Foundation support has enabled u5 to run a "One hit to another Hit" Rehab programme where around 20 individuals have been engaged via developing leadership, safeguarding and first aid skills to help develop confidence in their rehabilitation. One individual now volunteer$ 6 days a week on differeLIt cricket pro8ramme5. Our Sporting Memories prograrnn in Dagenham supports people with early onset of demeiitia and also loneliness as highlighted below. 'rhe Foundation ha5 a150 supported the setting up of Walking Cricket hubs around the county with over 50 senior community residents ntsw able to break down isolation and lack of physical activity with weekly social cricket sessions. This ha5 now been linked up with Sporting Memorles focus on developing support around isolation and dementia. The project supports weekly coffee mornings encouraging people to meet and share life experiences. Communi Cohesion Linking up with our Breaking Boundaries and Core City work as well as linking up with taking the learning froni these areas the Foundation is supporEing community programs that help to develop creating cOnU1ty cohesion across Gender, Diversity and Age. These range frorn mentoring days to small groLLP activation and development. The work has started to See u5 link up wxth other stakehoIder5 using the simple form of Tape Bati cricket to bring the communities tosether. As well as this, the Foundation also supports a number of county wide competitions that bring people together from across the county to enjoy the benefit that cricket can have. In 2022 we had around 2000 participants. The Foundation has also supported the Desi Women programme that has helped inspire, train and engage over SOO women from F.thnic tninority groups. The Foundation has supported tlie programme by supporting community celebrations and Eestivals. An ever increasing area for the Foundation has been the work around supporting the refusee5 within the county with sessions, equipment and opportunities now provided in a number 0£ areas of the county. Education and Em lo abili In 2022 the Foundation again supported the development of Women and Girl's cricket this was via sUPPOIting the ru[ing of the county prograTll5 acr055 the county with over 150 girls engaged and with one of the beneficiaries going on to play for England in 2018. The Foundation a150 supported over 1800 g2rls engaged in Girl Guide badges and the delivery of cricket secondary schools to over 30 schools that lead to a World Cup tape ball final on Hainault rec in London. The Foundation is also a key supporter in the development of ability cricket helping us to not only run a club and county program with around 500 particlpants but also support in the traiiiing opportunitics for participants with coaching and other life skdl qualifications. The Foundation is a150 a key supparter of the county Academy helping it to be one of the leading counties for the developinent of playeTS linking into the club5 wider horne grown philosophy, the role of the Foundation is key in the availability of the Education support officeT for the players as they transition through the age groups not only in terms of cricket but their own educational into employment pathway too.
ESSEX CRICKEf FOUNDATtON YEAR ENDED 31 DECEMBEK 2022 TRUSTEES. ANNUAL REPORT Financxal revxew lcontinuedl Totsl income for the year was £266,10912tr21= £274.7211 and after dedutting charitsble donations and charity overhead expenditure, resulted in a surplus for the year of £14429(2021.. £93,524 before investment losse5 of £1332 P021.' gains £835911. The increase ift net funds forthe yearwas£lO.92712021.. £177,118). ECF funds at the end of2022 stood at£l.256,857, but much ofthis represents restricied and endowment Eunds. The largest fund is the Graham Gooch Scholarship Fund, while smaller fndS provide support to former playerswho need financial OT medical support In common with most other charities, the Principal risk currently facing us is generation of future fundraising income. As a result of our prudent financkal management in the pasL we have in Pla reserves which enable us to continue to operate for many months. but not indefinitely. The tsitstees are actively PUTsuing other possible sources of Eundingr Lncluding a Foundation Lottery. My thanks to all the Trustees who give freely oftheir time and advice and to the staff of ECIC, jed by Dart Feist, whorun thevarious initiatives we support Reserves policy ID accordance with the Charities Statement of Recommended Fractite RP) the terni reserves refers to lt part of the Charity's income funds that is freely available. This definition therefore excludes restricted funds and that partof unrestricted funds not readxty avaitttbte. The Trnstees retain funds in order to ensure that there are suflicient funds to Tenew exisgng pro8rammes to support community projects as in the early stages of the forrnation of the Charity, they are reliant on fundTaisin8 whichin thecurrenteconomit environment eart fall shortofexpectations. The Trustees also need to relain funds to support exisbng projects of the Youth Trust where it does not have the resources. The cost of these proiecLg is currently £10,000 per annum and will eventually be meifrom UnreSICted reserves. The Trustees have agreed to commit £45,IXJO nextyear to existing projects, of which a minimum of £17 witi be met from unrestricted reserves. Unrestricted reserves in theatcounts at31 December 2022 were £ll,43912021.. £130.1551. This report has been prepéred in Accordance with the special provision5 of Part 15 of the Cotnp2nies Act 26 relating to small companies. Approval of Annual Report This reportwasapproved by the Board of Directors on 30 November 2023 and signed on its behalf by chair 30 November 2023
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2022 Independent examTner'5 report to the trustees of E55ex Cricket Foundation I report to the charity trustees on my examination of the accounts of the CoPanY for the year ended 31 December 2022, which are set out on pages 9 to 14. Responsibilities and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible foi independent exaTnination, I report in respect of my examination of your company's account5 as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the directions given by the Charity Commission under section 14515)(bl of the 2011 Act. Endependent examiner's statement I confirm that l am qualified to undertake the exaniination EEcause I ani a niember of ICAEW, which is one of the listed bodie5. I have completed my examination. I confirm that no matters have corne to my attention in connection with the examination giving me cause to believe that in any material respect.. accounttng records were not kept in respect of the conipany as required by section 386 of the 2006 Act,. or the accounts do not accord with those record5,' or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and fair view, which is not a niatter considered as part of an independent examination,. or the accounts have n¢Jt been prepared in accordance with the methods and princxples of the Statement of Recommended Practice for accounting and reporting by charities. I have no concern5 and have come acr055 no other matter5 in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reathed. Mr N Shaw ICAFW Chartered Accountant Flsher Michael, The Old Grange, Warren Estate, Lordship Road, Writtle, Chelmsford, Essex, CMI 31wr Date 4. I i. %• 13
ESSEX CRICKET FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 (incorporating Income and F.xpenditt]re account) 2022 2021 Total Unrestricted Restricted funds funds Total fund5 funds Notes INCOME Income from Donations and legacies Charitable activities Investments 40,381 176,672 36,950 10,880 217,053 36,950 12,106 91,243 172J38 11.140 1.226 Total income 41,607 224,502 266,109 274,721 EXPENDITURE ExpenditUEe on Raisins funds Charitable activitie5 Investment management Charges OthcT 1.494 29.470 1.345 3,480 15,159 58,700 11,932 16,653 88,170 13,277 3,480 92,147 86,580 67 2,400 Total expenditure 35,789 85,791 121,580 181,194 Net Ilossesl/ gains on inve5tment5 113,5341 1120,0681 (133,602) 83,591 Net income/ lexpenditUEel before transfers 17,7161 18,643 10,927 177,118 Transfers between funds 13 (50,0001 50.000 Net movement in funds (57,7161 68,643 10,927 177,118 Balances brought forward at l January 2022 130,155 1,115.775 1,245,930 1,068,812 Balances carried forward at 31 Deceinber 2022 72,439 1,184,418 1,256,857 1,245,930 The statement of finaiicial activities includes all gains and losses in the year. All incoming resources and resource5 expeiided derive from continuing activities.
r.s.sb.X C"R TC.KE-r roL'NDATION C.cimpany numbeY- 0731()112 BALANC-.r giiF..r.T AS AT 71 DECEMBFR 2022 2022 2Q21 Notc Fi¥¢d iisyel I,0.616 Currenl asset% .In7,128 1.234 11(W,lJ931 14KI,275 .42.24MI Creditor%= aniounls falling duc within onc year Net cvrrninl.Is9el4 'rutiil a%sol% IL%5 curri'nl Ir3bililic¥ .256.1157 UnrtylTicled fundq 72.1129 1.1114.418 Re¥tii¢led funily 1,115.715 7.245,Q.411 VLl£ircded 11 7)cnIbL'r 2Q?• i'iidio(1311)trt'iiibi'i 2022 iii 11CC()ntiinie Hritli kntioii 47() ill Ihr (- onipaiiiL%.4 ALL 2(Mlfi. 'Il)i' Ii'u.%tci'% nrkn()wlcdB*. IhL'iY re4pniisibililie5 (OF Coiiipanie5 Ail 216 ir nil CoiiTrpcllll¥S .Alit xi(Ir) Itll1 Itt)% lo.%niall i-liarilahle roiiipitiies Aiid willi Ilii. l inancial RepoTliii% qtandilrd Inr ApproK'LTrd b}, IIIL. YS[l%?rd ol I'riisltl4% on 30 Novembu- I TUStLY
ESSEX CRICKET FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 I ACCOUNTING POLICIES 1.1 ACCOUNTING CONVENTION The financial statements have been prepared in accordance with Accouniing and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entitie5 published on 16 July 2014, Financial Reporting Standard 102 IA {FR5102 IA) and the Companies Act 2006. Assets and liabiLities are initially recogni5ed at historical cost or traaction value unless otherwise stated in the relevant accounting policy note. 1.2 FUND AccouwfiNG The Charity maintains various type5 of Eunds as follows.. Unrestricted general funds are avaiIable for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Designated funds are unrestricted fur)ds that are set aside by the TTUStees out of unrestricted general fund5 for particular projects OT purposes. At the batance sheet date the Trustees had not established any debignated funds. Restricted funds are ndS that can only be used for particular purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 1.3 INCOMING RESOURCES All incoming resources are include.d in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. 1.4 RESOURCES EXPENDED All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate Costs relating to that category. Where cost5 cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with tlie use of tlie resources. Charitable expendkture comprises those coslg incurred by the Charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs represent expenditure incurred in the conipliance with statutory requirements. IS VALUE ADDED TAX The Charity's activitics are classified as exempt for the purposes of value added tax and the Charity is unable to reclaini the value addcd tax which it suffers on its expenses. F.xpenditure in these financial staten1ents is therefore shown inclusive of value added tax. io
ESSEX CRICKET FOUNDATION NOTF.S TO FINANCIAL ST ATEMENTS YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES ICONTINUEDI 1.6 INVESTMENTS Listed investments are stated at market value at the balance sheet date. Any unrealised gain or loss for the period is taken to the Statement of Financial Activities. 1.7 DEBTORS Other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. 1.8 CASH AT BANK Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 CREDITORS Creditors al'e recognised where the charity has a present obligation resulttng from a past event that is expected to result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated relsably. Creditors are recognised at their settlement amount. 1.10 ESTIMATION UNCERT AINTY No significantjudgernents or estimations have been applied in the preparation of the financial statements. 2 DONATIONS AND LEGACIES 2022 Total 2021 UnrestrÉcted Restritted Total Donations - General fund Donations- Graham Gooch Scholarship Fund 40,381 40,381 176,672 75,803 15.440 176,672 176,672 217,053 91,243 3 INCOME 2022 2021 Total Unrestricted Restricted Total Fundraising events Graham Gooch Scholarship Fund 36,950 36,950 36,950 172,338 172,338 li
ESSEX CRICKET FOUNDATION NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 4 EXPENDITURE 2022 Total 2021 Total Unrestricted ResICted Direct Charitable expenditure Independent examiners fee Fundraising costs 29.470 3,4SO 1,494 34,444 58,700 88,170 3,480 16,653 108,303 86,580 2,400 92,147 181,127 15,159 73.859 Durins the period the Charity made a grant of fJ5,00012021.. £14,000) to Essex Cricket in the Community to undertake a programme of Street Cricket, Disability cricket and also coachsng sessions for women's and giIl's cricket. A grant of £30,00012021.. fJo,000) was also made to Essex County Cricket Club to support the Essex CTicket academy. 5 ST AFF COSTS The company has no ePI0yeeS other than the Trustees / Directors. 6 TRUSTEE REMUNERATION The Trustees / Directors received no remuneration during the year and no Trustee / Director was reimbursed for any travel costs incurred. 7 FIXED ASSET INVESTMENTS Listed investment5 2022 2021 At l January 2022 Additions during year Disposals duriiig year Net (loss) / gain for the period At 31 Detember 2022 1,157,913 287,908 1321,4141 188,7911 1,035,616 1,076,071 313,985 1313,1521 81,009 1,157,C)]3 Historical cost at 31 December 2022 935,058 924,600 Investment gains/ Ilosse51 Fair value adju5ttnent Otlier investtnent gains 188,7911 144,8111 (133,602) 81,009 2,582 83,591 No accouiit1185 been taken of market fluctuations since the balaiice sheet date. 12
ESSEX CRICKET FOUNDATION NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 8 DEBTORS 2022 2021 Other debtors 24,106 19,258 9 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Other creditors Accruals Deferred income 53,073 56,920 10,524 41,012 722 109,9 52,258 10 DEFERRED INCOME Deferred income comprises grants received where the purpose of the grant expendiknIe has not been completed at the year end. 11 UNRESTRicfED FUNDS General Designated Eunds funds Total Balance at l January 2022 Deficit foI the yeaT 130,155 157,716) 130,155 157,716) Balance at 31 December 2022 72,439 72,439 12 ANALYSIS OF ASSEfs AND LIABILITIES BETWEEN FUNDS 2022 2021 Unrestricted Restricted Total Total Jnvestnients Curreiit a55ets Creditors.. alliounts falling due within one year 59,644 76,988 164,1931 72,439 975,972 254,246 145,8001 1,184,418 1,035,616 331,234 109,993 1.256,857 1.157,913 140,275 152,2581 1,245,930 13
ESSEX CRICKET FOUNDATION NOTLS TO FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 13 MOVEMENTS IN FUNDS Transfers and investment gains/l1055e51 l january 2022 Incoming resources Outgoing re50UTees 31 December 2022 RestrACted funds.. GTaham Gooch Scholarship FLLnd Essex County Cricket Club Benefit TTUSt Essex County Cricket Club Youth Trnst 898,234 217,541 213,622 172,860) {I,000) (47,588) {23,531) 991,408 193,010 Total restricted funds 1,115,775 213,622 173,860) 171,1191 1,184,418 Unrestricted funds: General funds 130,155 40281 (34,4441 163,653) 72,439 Total unrestsieted funds 130,155 40,381 (34,4441 (63,653) 72,439 I'otal funds 1,245,930 254,003 1108,304) (134,772) 1,256,857 The Graham Gooch Scholarship Fund PTovides scholarships and grants to young cricketers of all abiLities to enhance thelr cricketing skills, through the Essex Qicket Academy or individual grants. The Youth Trust provides grants to cricket clubs to support youth coaching programmes. This fnd has received income and ha5 niade grants since the pei'iod end date. The Essex County Cricket Club Benefit Trust provides grants to foTmer players who did not have benefits while at Essex County CTicket Club who have financial problems or require medical support. Additionally it provides educational grant5 to all former profes5ioiial cricketers to assist retraining. 14 RELATED PARTY TRANSACTIONS By its very nature the charity has a close working relattOll5hip with Essex County Cricket Club. DUrg the peTiod the Cricket Club paAd various expenses on behalf of the charity. At the balance sheet date the charity owed Essex County Cricket Club £53,073 (2021.. £10.5241. This amount Is included within other creditOi5. 14