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 H￿T￿eaVeS (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 Wr￿ttle 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 sIruch￿e Essex Cricket and con￿nunIty 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 trust￿5 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 then￿elves. 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 e￿uring 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 r*ponsible for safeguarding the assets of the Charity and hence for taking ieasonable steps for the prevention and de￿IOn of fraud and other xrregularities. Jn so fay as the tnstee5 are aware.. There is no relevant examination inf0m￿tion 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 opPort￿nity 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 Grah￿n 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 prOgran￿￿e 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 Coh￿10￿ 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 afI￿r deducting ch3ritAble donatiors and charity 0￿￿[17ead expendi￿re, ￿)Ulled in a deficit lor tlie yéar of £92,￿0 PO22.. £144.4291 befoie invt>lmenl sains of . ?,￿21. The dtxréal fund ts ti)e Graham G0f￿h Schokrship Fund, while 5nialler fund5 provide support lo foTmer players wlio Tretd tinancial orrntdiial suppoit. In comnTron with ￿(*￿t other cliarities, tlie principal ri*k currently fadn8 us is generation ol future fundra£sing inconie. As a r¢>uIt of our prudtnt fina￿-la1 Mana8eni￿tt 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 gI￿e 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 Sta1￿j￿&At of R&-vMTr￿ndÈd Piactice 150RP) tlie lem r¥serve> ieter5 to that part of Charirfs tr￿0￿* Ellnds that is freely available. Thts definitioii tI￿le[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 e￿￿1￿0￿￿1eTh￿ can fall slloil of éXPeEI'ations. T1￿ Truslccs also need to Iriain funds to 5UPF)Oft *A￿st1￿8 pr￿￿ls of the Youth Trust where it dcEi have the resou1￿￿5. £v4t of tLiL%e projeiLs is currently £I0,￿ll PQL" am)um and will t￿Clity￿11Y 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) UnT￿￿trIE1￿a t¥serves. UnseS￿li1ta reJerV￿ ￿ the aiiounls at 31 December 2023 were £68,76912022.. £7U39}. Tids iéPOLI ha5 KeLI p[epar￿ in aciordaT*e with the 5peciaL provijions of Parl 15 of thè Companiés Act 2￿6 relalin8 lo s￿all companiei. Approval of Annual Repott This LEport W appio*éd 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 e￿mine and which olhavwtse comply Thith die AEqUif£nTr￿IlLa OE the comp￿710> Act ?OL76 relating to fmandal slak￿￿￿151 applicable to Lhe ckwitable COniFaIky. The5E Einanciaj sialementshave been PiEFated inaciwdance with the sp&ial provisio￿3 oEPart 15 of the Ci)mp