ESSEX CRICKET FOUNDATION (a company litnited by guarantee) ANNUAL REPORT AND FtNANCtAL STATEMEf4trs FOR THE YEAR ENDED 31 DECEMBER 21n3 Charity registration number- 1138269 Company re$trati0Th number_ 07310112
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2023 ANNUAL REPORT AND FINANCIAL STATEMENrs COTrllENrs Page IEgal and administrative information Trusiees, report Independent examinerfs report Statement of Financial Activities Balance Sheet Notes to thefinaThcial statejnents 10-14
ESSEX CIUCKEt FOUNDATION LEGAL AND ADMINISTRATIVE DETAILS Charity Name E$5ex Cricket Foundatio Charity registration number 1138269 Company registration oumber 07310112 Regastered Office The Cloud County Ground New Writtle Street Cheljnsford Essex CM2 OPC Direetors/Trnstees l T Barnes KC Brown OBE- Chair to 31 July 2011 (resigned 31 July 20) M T Churchill - Chair G A Gooch OBE J E HTeaVeS (appointed 31 JUIY 20231 J C Heley R J C Hunt (resigned 28 Au8USt 2(1241 R l McLintock Canon Dr J A Spence CBE DL J P Stephenson Ire5i8ned 7 Juty 2024} Company Se(ary B W Elliott Bankers Clydesdale BaDk pk Part4ThFloor Veralum Point Station Way St Alban5 ALI SHE Barclays Bank plc 75 Hi81i Street Brentwood Essex CM144RP Independent Examiner Xeinadin The Old Grange Warten Estate Lordship Road Wrttle Chelmsford Essex CMI 3WT
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT The Board of I'rustees, who are also director5 of the Company for the purpose of the CompanÉe.% Act 2006, present their annual report and financial 5tateinents of the Charity for the year ended 31 T)eccmber 2023. The trustees have adopted the provisions of Accounting and Reporting by Chariti&.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2019). The company was incorporated on 9 luly 2010 and held its first fundratsing event on 5 April 2011. Reference and administrative details of the Charity, its trustees and advisers The Charity registration number, the company registration number, the address OE the Charity and details of its trustees and advisers are given on page l of these financial Statements. STRucfuRE. GOVERNANCE AND MANAGEMENr Constitutional sIruche Essex Cricket and connunIty Trust was incorporated as a cornpany limited by guarantee on 9 July 2010 and is regi5teTed in England and Wales under number 07310112 and a150 registered as a charity in England and Wale5 under number 1138269. Essex Cricket and Community Trust changed its name to Essex Qicket Foundation on 15 £eptember 2015. The company is governed by its Memorandum and Articles of Association which Set out the objects 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 Tnember OF the company. Charitable objects and public benefit When considering the aims and obiectives of the charity the trust5 have referred to the guidance published by the Charity Commission on public benefit. The Charity's objects are for the benefit of the public generally and, in particular, the inhabitants of Essex and its Surrounding areas- To promote community participation in healthy recreation by providing facilities for the playing of cricket and other spoi'ts capable of iniproving health, To provide and assi.%t in providing facilities for sport, recrcation or other leisure time occupation of such persons who have need for such facilitics by reason of their youth, age, infirmity Dr disablement, poverty or social and economic circuinstances or foT the public at lar8e in the interests OE social welfare and with the object OE itnprovins their conditions uf liEe, To advance the education OE children and young people, with particular reference to those in schools and univeLSlties, througli such mean5 a5 the ustee$ think fit in accordance with the law of charity.
ESSEX CIUCKEf FOUNDATION YEAR ENDED 31 DECEMBE.R 2023 TRUSTEES, ANNUAL REPORT Charitable objects and publi¢ benefit (continued) To relieve in cases of need, hardship or distress lincludins by providing goods, services, SLLpport and/or assistance, whether financial or otherwise) those persons who are living in or were forrnerly resident in Essex, For the general PUTposes of such charitable bodies or for such other exclusively charitable purpose5 in each case as the truste may from time to time decide Organisational structure and appointment of trustees The member5 elect the chaTitable trustees (the Board of Dirf*tors under company lawl and the trustees elect from thesr number a ChaiT. The Board of Trustees may fill vacancies during the year by appointing trustees thenelves. The Board of Trustees The trustees of the compgny (for the purposes of the Companies Act 2006 also designated as Directors) as at the date of this report are shown on page l of these financial statements. All truste&q give their time voluntarily and receive no benefits from the Charity, but reitnbursenient of reasonable and necessary expenses arc made available. 'rhe appointment of the initial trustees was undertaken to obtain the appropriate mix of experience and expertise in the activilies of the Charity, and this proces5 has continued as trustees have retired, and been replaced. IndLVLdual Truste may undertake specific training in a particular aspect OE Trusteeship and the Boord continue to review the experience and expertise required and the need to provide training or appoint new Trustees to fill specific role5. The members of the Charity in seneral meeting appoint the trustees in accordance with the Articles. Statement of trn$tees' responsibilities The trustees (who are also diTectors OE Essex Cricket Foundatitsn for the purposes of Company Lawl are responsible for preparins the Tru%tees Annual Report and the financial statements in accoTdance with applicable law and United Kinsdom Accounting Standards (United KingdoTn Gcncrally Accepted Accounting Practice). Company law requires the trustees to Prepare financial ststements for each financial year. Under company law the tru5tee.s must not approve the financial 5tateTnenL8 unless they are Satisfied that they give a true and fair view of the State OE affairs of the charitable company and of incoming resource5 and application of resources. including the income and expenditure, of the charitable company for that period. lii prepaTing those financial statement5, the trustees are required to= Select suitable accounting policies and apply them consistently,. Observe the rncthods and principles in the Charities SORP 2019 (FIL% 1021,- Make judgments and accounting estimatcs that are reasonable and prudent,. Prtpare the financial statements on the going coiicern basis unle.ss it is inappropriate to presunie that the charitable company will continue to operate
ESSEX CRICKEf FOUNDATION YFAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT Statement of tLltstees' re5ponsibiIitÉes lcontinuedl The trusiEes are responsible for euring that proper accounting recozds are kept which disclose with reasonable accuracy at any tilne the Einanctal position of the charitable Company and enabIe them to ensure that the financtal statements comply with the Companies Act 2[6. They are also rponsible for safeguarding the assets of the Charity and hence for taking ieasonable steps for the prevention and deIOn of fraud and other xrregularities. Jn so fay as the tnstee5 are aware.. There is no relevant examination inf0mtion of Mwhich the chartt&ble company's examiner is unaware.. The trustee5 have tthn a]1 steps that they ought to have tr4ken to make themselves aware of any relevant in£ormatioD and to estab]ish that the examiw is aware of that information. Financial review The mission of Essex Cricket Fotsndation (ECF) is to support the gatne of cricket in the conununtties of Essex, East London and East AngIia in PToviding finance and expertsse to enable all to reath their potential in the local communities. County, Academy or Club cricke¢ throu8h funding programrnes for youth of all abilities, provide tridoet OPPOTtunities in deprived areas and support disabled and minority group5. It airns to create the opPortnity lor all to participate and eL)joy the garne of cricket throtEh Club and conununity exFerience. Additionally to 8ive support to former Essex cricketers due to financia] hardship. ECF i8 the ofAcial Essex County CriekÈt Club charity and is an integral part ol tlie Essex Cricket strategy of becoming the number I Cricket region where everyone has the opportunity to fly like an Eagle, by providing grants across a whole range of cricketin8 abilities. The over-riding theme of'lnspiring Essex to Choose CTickeY the strategy embraces young peopte to develop theit sksll5 throLLgh the Grahn Gooch Essex Crlcket Academy, as well as local clubs Tnentoring youns crtcketers. ECF'S pro8rallunes ernbra those with disabilities. those in deprived areas and the promotion of girl's and women's crickeL The main conttibutoi to income of the Charity in previous years has been the activities of the Graham Gtsoch Scholarship Fund that 8en@rated income of £28,450 and received donations of £26,765 durins the year. ECF IEceived drFllatiO of £22,143 into the General Fund. In 2023 ECF made donations of a53A7912022.. £88,170}. The Club Academy was the prindpal beneficiary from the Graham Gooch holarship Fund, but srants were a]so made to the District Cricket Board5 to enable them to coach and identtfy talented yourLg cricketers who may eventually make an E55ex 4uad. Financial 5UPPOrt of £28,(K)O provided for Street Cricket, Disabiltty and Girl's cricket through prograrns oIgani*d and fa¢i]itated by Essex Ciicket in the Commuraity, which w¢)uld not have been possible before the forniation of the Foundation. The Foundation also Supported the East London Cricket Hub and the employment of an apprentice to support the atnbition to support young people with education and employment. Totsl sramts and donations n)ade by the Foundation total £1,554,725 at 31 DecembeI 2023. In previous years the Tiu5tee5 agreed to commit to support cojmnunity uicket projects. This include8 £28,000 for the Essex Cricket in the Com]nunity to carIy out further Walkins CrEcket supporting mentAI health, gir]s and dis&biLity programmes, together with £2,(K)a which is provided to each of the Essex Distritt Boards so that they can provide a development pro8raJnme for YOuE(S through coaching and competition. Additionally the Graha GoiKh Scholarshtp Fund supports the aub Academy with a mxnimum of £30,0 each year.
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2023 TRUSTEES, ANNUAL REPORT Financial review l¢ontinuedl Jn 2023 the Foundation continued to play a key part in the develLipment of programmes acros5 the county that linked into the Club's values of Excite, Engage and Enhance, the key focus areas for the work from the Foundation Support lir&5 in the followsn8 key areas. Mental and Physical Health, Community Cohesion and Education/EmpIoyability. Mental & Ph sical Health The Foundation support ha5 enabled u5 to run a "One hit to another Hit" Rehab programme where around 20 individu have been engaged via developing leadership. safeguarding and first aid skills to help develop confidence their rehabilitation. One individual now volunteers 6 days a week on different cricket programmes. Our Sporting Memories prOgrane in Dagenham supports people with early onset of dementia and also loneliness as highlighted below. The Foundation a150 5uppo)rted the settin8 up of Walking Cricket hub.4 around the county with over 50 senior conimunity residents now able to break down isolation and lack of physical activity with weekly social cricket session5 and also coffee mornings encouraging people to meet and share life experience5. This ha5 now been linked up with Sporting Memories focus on developing SUPPOTt around isolation and dementia. Communi Coh10 Linking up with our Breaking Boundaries and Core City work a5 well linking up with taking the learning from these areas the Foundation is supporting community progratns that help to develop creating community cohesion across Gender, Diversity and Age, one such exanTrple that of the support around a refugee programme in North Essex helping a group ()f reEugees to settle into the local conimunity. I'hese range from mentoring days to small group activation and development. I'he work started to See us link up with other stakeholders using the simple forni of Tape Ball cricket to bring the comniunities together. As well as this, the F'oundation also supporLs a number of county wide competitions that bring people together from across the county to enjoy the benefit that cricket can have. In 2023 we had around 2000 participants. The Foundation has abo Supported the Desi Women prograinme that ha5 helped inspire, train and en8a8e over 300 WOTnen from Ethnic mitiority groups. The Foundation has supported the programme by supporting community celebTations and festivals. An ever increasing area for the Foundation has been the WOTk around supporting the Tefugees within the county with session5, equipment and opportunities now provided in a nuniber of areas of the county. Education and F.m lo abili In 202.3 the I,oundation again supported the development of Women and GiTI's cricket this was via supportins the running of the county pro8rams acr055 the county with over 150 girls engaged and with one of the beneficiaries going on to play for England in 2018. '1'he Foundation also supported over 1800 &'i"Is engaged Girl Guide badg and the delivery of cricket in Secondary schools to over 30 schools. llii5 ha5 Supported the growth ol the number of K'omen and girls sections in the County. The Foundation is also a key supporter in the developTnent o)E ability cricket helpin8 U5 to not only run a club and county program with around 500 participant5 but also support in the training opportunities for parhcipanls with coaching and other life skill quaLifications. The Foundation is also a key supporteT of the county Academy helping it to be one of the leading counties Eor the development of players linking into the club5 wideT home grown philosophy. the role of the Foundation is k¢y in the availability of the Education support oEficer for tlie player5 a5 they transition thrtiugh the age groups not only in terLllS of cricket but their own educational into employnient pathway too.
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2023 JRUSTEES, ANNUAL REPORT Financial review Icontinuedl TLTrlal incortiè for the Trèar M7a5 Eg4,h7712021. £26A,I(V41 and afIr deducting ch3ritAble donatiors and charity 0[17ead expendire, )Ulled in a deficit lor tlie yéar of £92,0 PO22.. £144.4291 befoie invt>lmenl sains of . ?,21. The dtxréa<e in net fun& lor the J'ear wa5 £2.4fj512022". cI.ed?e £LO.927). £90,14512022.. 1ts<4r5 £13- EITr funds at the end OE 2023 at £1.25£401 but much of this repr¥ntS I'rsttiiled and endowtheiit £unds. The lars<>l fund ts ti)e Graham G0fh Schokrship Fund, while 5nialler fund5 provide support lo foTmer players wlio Tretd tinancial orrntdiial suppoit. In comnTron with (t other cliarities, tlie principal rik currently fadn8 us is generation ol future fundra£sing inconie. As a r¢>uIt of our prudtnt fina-la1 Mana8enitt in the past, we have iti plaié fLieTrts which enable us 10 continue lo tsperale Eor many monthq, bul not inde£inilely. The trQSt¢es are actively pursuing other p--.-.Ible sources of fuThding ittcludins a Foundatioii Lollery. My thanks to au the Trusltrs who gIe freely of their tirne adviie and to the Staff ol E&%ex CricktL led by Dan FÈii¢ wlio nui the various initiatives we 8upF)L)rt ReseLTe$ polt Tn akiord&nce with the Charitiés Sta1j&At of R&-vMTrndÈd Piactice 150RP) tlie lem r¥serve> ieter5 to that part of Charirfs tr0 Ellnds that is freely available. Thts definitioii tIle[ore e.lUd lunds and that part ol utVvotriiLed funds Liol Eradily available. The Tntsitei réLaiTh funds in ordeT 10 eiisure that tiiere are stsffiiieiitr funds to reii¥W tXi6ttng pro8ramThEs to support iommunity projeils a5 in the early st3gè> of tlie Eorination of the Charity, tiiey aTe iéliant o £undrai>iiig which in the current eiorkouiic e101eTh can fall slloil of éXPeEI'ations. T1 Truslccs also need to Iriain funds to 5UPF)Oft Ast18 prls of the Youth Trust where it dcEi have the resou15. £v4t of tLiL%e projeiLs is currently £I0,ll PQL" am)um and will tClity11Y be metfrvIxiuni¥itriitLid tÈ)trve>. The haTre 88téal to cotLULllt £3S.QOO next yiar to existin8 projeits, of which a tninimiim of £14,0Th) will bè Liet fron) UnTtrIE1a t¥serves. UnseSli1ta reJerV the aiiounls at 31 December 2023 were £68,76912022.. £7U39}. Tids iéPOLI ha5 KeLI p[epar in aciordaTe with the 5peciaL provijions of Parl 15 of thè Companiés Act 26 relalin8 lo sall companiei. Approval of Annual Repott This LEport W appioéd by the Board of Diieilors on 18 Nov£tnE*r 2024 aftd swtd on its behalf by hurchi]I Cl)air 18 NoTrEml)er 2024
ESSEX CRICKET FOUNDATION YEAR ENDED 31 DECEMBER 2023 Independent emine<S report to the tswtees of Essex Cricket Foundation I ieport to the charity trustees on my examination OE the accounts of the company for the year ended 31 De£emkEr 2023. which are set outon pages 8 to 14. ResponsibiIities and ba$i5 of report As the chaTtty trustees of the company land also its dxrectors for the purpses of company lawl you are responsible for the preparation of the accounts in accoydance with the requirements OE the Companies Act 2006. Having satigSied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible Eor independentexamination, l Teportin respectof my examination of your company's accounts a5 carried out under section 145 of the Charities Art 2011. In carryjng out my exajnination I have followed the dIrecn5 givenby the ChaJity Comn)iwon under section 14515llb) of the 2011 ACL Independent examinerf6 Statement I confirm that l am qualified to undertake the examination because l arn a member ol ICAEW, which is one of the listed bodies. I have completed my examination. I confirni that no atter5 have corne to my atiention in connection with the examination giving me cause to believe that in any material respect.. accounting Tecords were not kept in rt of the company as required by section 386 of the 2006 Ac¢ or the accounts do notaccord Ivith those Tecoids: 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 faii which is not a matter considered as part of an independent examination,. ot the accounts have not been prepared in accordance with the methods and ptin¢iples of the Ststement of Recommended Practice for accounttng and Teportingby charities. I have no concern5 and have come across no other rnattS in co[ection with the examination to which attention should be drawn in this report in order to enable a proper urLderstandin8 of the accounts to be rNShaw ICAEW Chartered Accountant Xeinadiry The Old Grange, Warren Estate, LoTdship Road, Writtle, Chelmsfor4 Essex, CMI 3wr Date 14.12.
ESSEX CIUCKEf FOUNDATION STATEMEF+rr OF FINANCIAL AcrivrrtES FOR THE YEAR ENDED 31 DECEMBER 2023 (incorporating Income and EXpditUre account) 2023 Total funds 202Z Total funds Unrestricted Restricted hmds funds Notes INCOME Income from Donations and legacies Charitable activities Investments 22,143 26.765 28,450 15a78 48,908 28.450 16219 217,053 36,950 12,106 Total An¢ome 23,084 70,593 93,677 266,11 EXPENDrruRE Expenditure on Raising funds Charitxble aettvities Investment management charges Other 459 27500 750 3240 15.895 126,179 12,254 16,354 153,679 13,004 3,240 16,653 88,170 13,277 3A80 Total expenditure 31,949 154J28 186,277 121580 Net gains/ (losses) on investments i,195 84.950 90,145 133,602 Net income/ lexpendihTrel before transfers {3,670) 1215 {2,455} 10,927 Transfers between funds 13 Net nuwetnent xn fond8 (3,670} 1215 (2.4551 10,927 Balanee$ brought forward at I January 2023 72A39 1.184.418 1,256A57 1,245,930 Balances earried forwaEd at 31 December 2023 68.769 1,185,633 1,254A02 1,256.857 The statementof financial activtties includes all gains and losses in the year. All inc02ning re9)Ur and rOurCeS expended derive from conttnuing activities.
ESSEX CRICKETFOUNDATION Cotnpany be£- 07310112 BALANCE SHEET AS.4T 31 DECEW£6ER 2Ir23 2023 Nol¢s InTrEsbnents L127,443 Im4 616 DEbivfa Ca<h &tnk and 3nhand 30.727 J20,F.95 151,6? 2£6&2 24.106 307,1?8 CTrditoxs'. ajnowtts fallins ae withan oneyear NTet tutteiit a?sols Total assets lé56 ItabiLitles 1109.993 126,959 1254A02 221241 I,6.857 Ftyad U_nre51Yi<ltdtJnd6 fjjnds Gen£raL Eunds li 71439 1,18£418 1,256,1457 I,IS5.6 To&altsud8 1113 Thedwitabk comp0Y u entitled io ekemplion from audit ithder Seiiion 477 0£ the Companlfrs Att ?ty)6 Eor tlie year }dl 31 D"eer20J. The mellibS ha<2 not IEquired the Ch.1?ble company to obtain audit OE its fiTLaDCLa15tatements for Uie jeaT ended 31 D-t]ber 2023 in acioidance with k-lion 476 of Compallies Act 2006. The tru¢l&• acknowledse theiL r&poyqibJJiies for (al en6WUi8 that the thak'ilable compaiiy keeps aCiOWltiThg re¢ords that i011plywith 52iaCinS 3g6 and387 of Lhe COmpie? Act2u06 and (bl pi'epE4ring fianciaI stateinents wliKch 8Lbe a trlle and fair leW of the stsie of aEFair8 of tl cl)2Tiial)le coll)pany as at tlie end of edch1lnan year and ol its deEiciE for eaclilinancialyearin acCk)iNla-e wiEh the requir¥uiÉlli$ of SecknotLs30_l and 39> and which olhavwtse comply Thith die AEqUif£nTrIlLa OE the comp710> Act ?OL76 relating to fmandal slak151 applicable to Lhe ckwitable COniFaIky. The5E Einanciaj sialementshave been PiEFated inaciwdance with the sp&ial provisio3 oEPart 15 of the Ci)mp<mie5 Act 2006 relatitt 10 sinall cliaritable COEnpaDies.. Appi'o4<d by the Bw'd ofTlleY5 on 18 Nofveber I124]d 5iy)bA onits klial£by MTCh G AGoKth TItÈe
ESSEX CRICKE[ FOUNDATION NOTES TO THE FINANCIAL STATEMENrs FOII THE YEAR ENDF.D 31 DECEMBER 2023 I ACCOUNTING POLICIES 1.] BASIS OF PREPARING THF. FINANCIAL STATEMEwrs The financial statement5 01 the charitable COTnpany, which is a public bcnefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP (FR£ 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitTe5 preparing their accounts in accordance wsth the FinanciaI Reporting Standard applicable in the UK and l<epublic of Ireland (lils 1021 (effective I january 20191,, Financial Ileportins Standard 102 'The Financsal Reporting Standard applicable in the UK and Republic of IreSand' and the Companie5 Act 2U06. Assets and liabilities are initially recognised at historical cost or transaction value umless otherwise stated in the relevant accounting policy note. 1.2 FUND AccouNfING The ChaTity maintains various types of funds as follows.. Unrestricted general funds are avaiIable for use at the discretion of the Trustees in furtherance of the general ObJectiv of the Charity. Designated funds are unrestricted funds that aTe set lde by the Trustees out of unrestricted general fund5 for particular projects or ptLrposes. At the balan sheet date the TTUStees had not established any designated funds. Restricted funds are funds that can only bc used for particular purposes within the objects OE 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 included iii the Statement of Financid 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 relatins to that category. Where costs cannot be directly attributed to particular headin8S they havc been allocated to activities on a basis consistent with the use of the resources. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activitie5 and services. It includes both costs that can allocated directly to such activities aiid those costs of an indirect nature necessary Io Support them. Governance costs represent expeiiditure incurred in the COTnpliance with statutory requirenients. 1.5 VALUE ADDED TAX The Cliai'ity'5 activities are classified as exernpt for the purposes of value added tax and the Charity i5 unable to reclaini the value added tax which it suffer5 on its expenses. Expenditure in these financial statements is therefore shown inclusive of value added tax. io
ESSEX CRICKET FOUNDATION NOTES TO FINANCIAL STATEMENrs YEAR ENDED 31 DECEMBER 2023 AccouNfING POLICIES (coNTUED) 1.6 INVESTMENTS tisted investtnents are stated at market vatue at the balance sheet date. Any unrealised gain or loss for the petxod i8 taken to the Stratetnent of Financi Activities. 1.7 DE[oRs Other debtors are recognised at the SettIenlt allTht due. Prepayments are valued at the amount pIepaid. 1.8 CASH AT BANK Cash &t bank includes cash and sknrt terni highly lÉquid Tnvesttnents wxth a short maturity of three months or le$5 from the date of acquisition or opening of the deposit OT Si]niiar accounL 1.9 CREDrroRS CreditOTS are r0]sed where the chaIity has a present obtigation resulting from a past event that is exFected to result Th the trarfer of fitnds to a third party and the amount due to settle the ob]igation can be measured or eqlimated ieliably. Creditor5 are Te£o8ni5ed at their settlement amount. 1.10 ESTIMATION uNCERTATy No signiEicantiudgeJnents or estijnations have been applied in the preparation of the financial statements. 2 DONATIONS AND LEGACIES 2023 Total 2022 Total Unre6tricted Restricted Donations- General fimd Donations- Graham Gooch OlarshIP Fund 22,143 22,143 26,765 40,381 176,672 26,765 22,143 26,765 48,908 217,053 3 ENCOME 2023 Total 2022 Total Unrestrirted Restrieted FundEai5ing events Graham Gooch *holarghip Fund 28,450 28,4iO 28,450 28,450 36,950 36,950 li
ESSEX CRICKET FOUNDATION NOTES TO FINANCIAL STATEMF.Krs YEAR ENDED 31 DECEMBER 2023 4 EXPENDITURE 2023 2022 Total Unrestricted Restricted Total Direct ChariLible expenditure Indcpendeiit exaniiners fee I,'undraising cost5 27,500 3,240 459 126,179 J53,679 3,240 88,170 3,460 16.653 108,303 15,895 142,074 31,199 173,273 During thL PL Tiod the Charity made a grant of £28,00012022.. £35,000) to Essex Cricket in the Cotllmuiiity to undertake a programme of Street Cricket, Disability cricket and also coaching sessions for women's and girl's cricket. A grant of L30,00012022.. L30,0001 was also made to Essex County Cricket Club to support the Essex Cricket academy. 5 STAFF COSTS The company has no employees other than the Trustees / DirectOTS. 6 TRUSTEE REMUNERATION Tlie Trustees / Directors received no remuneration during the year and no I'rustee / Director wa5 TeiJnbuTsed for any travel costs incurred. 7. LISTED INVESTMENTS 2023 2022 At l January 2023 AdditiODS during year l)ispiisaLs during year Net Ilossl / gain far the period At 31 December 2023 1,035,616 428,728 {438,614 101,716 I.]27,$3 1,157,913 287.908 1321.414) 188,791) 1,035,616 Historical cost at 31 December 2023 917,578 935,058 Investment gains/ (losses) Fair value adjustment Other inve5ttllent Ilossesl / gains 101,716 111,571) 90,145 188,791) 144,811) 1133,602) No account has been taken of market fluctuations since the balance sheet date.
ESSEX CRICKET FOUNDATION NOTES TO FINANCIAL ST ATEMETrTrs YEAR ENDED 31 DECEMBER 2023 8 DEBTORS 2023 2022 Other debtors 30,727 24,106 9 CREDfioRS: AMOUNTS FALLING DUE WiTHtN ONE YEAR 2023 2022 Other creditors Accruals 53,OTJ 56.920 24.663 24,663 109,9¥3 10 DEFERRED INCOME DdeTied income compnses grants recexved where the purpose of the grant expenditure has not been completed at the year end. General funds Designated funds Total Balance at l January 2023 Deh'cit foi the ye 71439 13h70) 72,439 (3,670) Balaft at 31 December 2023 68,769 68,769 12 ANALYSIS OF ASSETS AND LIABILITIES BEfwEEN FUNDS 2023 Total 2022 Total Unrestricted Restrleted Investments Current agsets CTeditors.' amounts falling due withitl one yeAr 1,127,443 72A93 114303 1,185,633 1,127,443 151,622 (24.663) 1,254,402 1,035,616 331,234 109,993 1,256,857 79,129 iOJ60) 68,769 13
ESSEX CRICKET FOUNDATION NOTES TO FINANCIAL ST ATEMENTS YEAR ENDED 31 DECEMBER 2023 13 MOVEMENTS IN FUNDS Transfers and investment gainslllossesl l January 2023 Incoming resources Outgoing resources 31 December 2023 Restricted funds.. Graham Gooch Scholarship Fund Essex County Cricket Club Benefit Trust 991,408 193,010 55,215 1125,6571 {16,4171 73,722 14,352 994,688 190,945 Total restricted funds 1.184,418 55.215 1142,0741 88.074 1,185,633 Unrestricted funds: General funds 72,439 22,143 {31,199) 5,386 68,769 Total unrestricted fuTLd5 72,439 22,143 {31,1991 5.386 68,769 Total fund5 1,256,857 77,358 1173,2731 93,460 1,254,402 The Graha Gooch ScholaIship Fund pIovides scholarships and grants to young cricketers of all abilities to enhaiice theiT CTicketing skills, through the Essex Cricket Academy or individual grants. The Youth Trust provides grants to cricket clubs to support youth coaching PTogrammes. This Eund has received income and ha.s Jnade grants.since the period end date. The E55ex County CTicket Club Benefit Trust provides grants to foTmer player5 who did not have benefits while at Essex County Cricket Club who have financial ploble1$ or require meclical suppDrt. Additionally it provides educatioiial grants to all fornier professioiial cricketers to a5SiSt in ietraining. 14 RELATED PARTY TRANSAcfioNS By its very nature the charity has a close working relationship with Essex County Cricket Club. During the period the Cricket Club paid various expenses on behalf 0£ the charity. At the balance sheet Llate the charity was oil'ed £5,638 by Essex County Cricket Club12022.. owed to Essex County Cricket Club £53,073). 'I'his aniount is included within other debtors (2022.. other creditois). 14