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2022-12-31-accounts

Charity Registered Number: 1191681

ACE PROGRAMME

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

ACE PROGRAMME

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 - 24

ACE PROGRAMME

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees Ebony Rainford-Brent MBE, Chair
Andrew Lane
Andrien Meyers
Julia Regis
Musfique Ahmed
Richard Gould (resigned 24 October 2022)
Roland Ilube
Principal office
The Kia Oval
London
SE11 5SS
Independent Examiner
Stuart McKay BSc FCA DChA
MHA
Chartered Accountants
2 London Wall Place
London, United Kingdom
EC2Y 5AU

Page 1

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees present their first annual report together with the audited financial statements of the Charity for the year ended 31 December 2022. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS102) in preparing the annual report and financial statements of the Charity.

Introduction

The ACE Programme was launched by Surrey County Cricket Club in January 2020 in response to the decline of the black British professional cricketers. The programme commenced with a talent search designed to engage young people of African and Caribbean Heritage.

In October 2020, following significant investment of £540,000 from Sport England, The ACE Programme was registered as an independent charity. The Charity is currently affiliated to Surrey County Cricket Club, Warwickshire County Cricket Club, Gloucestershire County Cricket Club, Middlesex County Cricket Club, Lancashire County Cricket Club, Yorkshire County Cricket Club and Nottinghamshire County Cricket Club, providing opportunities for African and Caribbean children to access cricket.

Purpose, aims and objectives

The purpose of the Charity, as per its Constitution, is for the promotion of community participation in healthy recreation, in particular by the provision of facilities for the playing of cricket.

The charity aims to 'Support Underrepresented Talent from the Grassroots to the Elite' in the following ways:

Provide elite academy programmes and scholarships to talented players to allow them to fulfil their potential. The academy and scholars also will act as an inspirational piece to the community. Working with county performance directors and managers, opportunities will be provided for players to trial.

ACE will support the development of quality coaches and volunteers from the community as well as provide mentoring to support players, coaches, and families.

To inspire the wider game to support reconnecting with the Black community. The vision is to be a catalyst to accelerate change and has an ambition to become a national charity operating in five key cities with target communities.

ACE will provide equal opportunity equality for females and will look to develop key strategic partnerships and capture key insights as the charity grows. ACE also appreciates the chance for sport to have a wider impact on the community.

Public Benefit

In setting objectives and planning for current and future activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. All activities have been undertaken for the furtherance of the Charity’s purpose as per its Constitution and for the furtherance of Public Benefit.

Page 2

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Achievements and performance

The Charity successfully applied for and received the following grants in the year:

Sport England

Sport England are the primary funder of the Charity, their funding supports four fulltime staff – Director of Programmes, Administrator and two Community Coaches. This programme is now in year two of a threeyear period:

ECB – Warwickshire CC

This project was launched in 2021 and continued into 2022. The England and Wales Cricket Board (ECB) awarded funding to develop our national reach working with Warwickshire County Cricket Club and Board. The delivery has focussed on starting a school’s programme, community hubs, academy, supporting local Caribbean clubs notably in the Handsworth area the largest black community in Birmingham.

ECB/Royal London - Gloucestershire CC

Through the ECB sponsorship agreement, we were introduced to Royal London who awarded us funding to further our national reach to work with Gloucestershire County Cricket Club and Foundation to start ACE Bristol. The delivery would support a full-time development officer who would be responsible to start school’s programme, community hubs, academy, and support Bristol West Indies Phoenix CC - a local Caribbean club with club development opportunities.

Captain Tom Foundation

The Sir Captain Tom Foundation made a grant award to help us sustain our administrational delivery by purchasing appropriate office equipment, casual coach workforce via coaching hours, equipment and clothing, to deliver across more parts of London and sustain delivery in Birmingham with a full-time development officer.

ECB National Partners

The ECB became a national partner, the funding received helped to increase our national presence with the addition of a national operations manager and development officers situated in Middlesex, Nottinghamshire, Lancashire and Yorkshire.

Page 3

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Royal London Grant

The grant received from Royal London is to support our existing charity sports development programs that aims to promote access to cricket activities and improve opportunities for young players from underrepresented communities. The funding will be used for an impact report, coaching, purchase sports equipment, coach education courses and cover any operational expenses associated with organizing and running charity activities. Through this grant, the charity aims to foster physical fitness, teamwork, and personal development among young individuals, ultimately empowering them to pursue cricket as a positive outlet and potentially discover and nurture athletic talent

Walcot Foundation

To support our community engagement within Lambeth we worked in partnership with the Ben Hollioake Learning Centre, submitting a bid to support the afterschool club delivery focusing on beginner level cricket skills, podcasting and movie making.

Monitoring & Evaluation

The charity by numbers:

Academy by numbers:

Schools by numbers:

Page 4

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Community by numbers:

Achievements, Performance and Future Plans

2022 we had a successful year – achieving the following things:

In 2023, we would like to increase our delivery nationally into more areas and expand fundraising programme to raise more unrestricted funds.

Financial review

During the year, the Charity received incoming resources of £493,637 (2021: 394,332). Total expenditure was £453,082 (2021: 268,926), resulting in a net surplus of £40,555 (2021: 125,406).

At the year end 31st December 2022, the charity held unrestricted funds balance of £32,802 (2021: £Nil), and restricted funds balance of £133,159 (2021: £125,406) as set out in Note 15 statement of funds.

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

The Charity is in its second financial year since its registration. The trustees recognise that the Charity needs to build an appropriate level of unrestricted reserves in order to meet unforeseen adverse financial circumstances. The trustees will therefore take this into account when the Charity approves its annual budget to ensure that adequate reserves are accumulated over forthcoming financial periods, commensurate with its projected level of financial activity.

Structure, governance, and management

Constitution

ACE Programme is a Charitable Incorporated Organisation and a registered charity, number 1191681, and is governed by its Constitution dated 7 October 2020.

Appointment and training of Trustees

All Trustees give freely of their time. New Trustees are appointed by existing Trustees and would be provided with information that is relevant to the Charity and their work as a Trustee for the Charity. New Trustees would be given an introduction to the Charity Commission guidance. Should any Trustee require ongoing training, this will be facilitated.

Page 5

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Ebony Rainford-Brent MBE Chair Date:

Page 6

ACE PROGRAMME

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the Members of the Board of Trustees and signed on its behalf by:

................................................ Ebony Rainford-Brent MBE Chair Date:

Page 7

ACE PROGRAMME

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

Independent Examiner's Report to the Trustees of ACE Programme ('the Charity')

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2022.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 27/09/2023

Stuart McKay BSc FCA DChA

MHA, 6th Floor, 2 London Wall Place, London, EC2Y 5AU

Page 8

ACE PROGRAMME

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Income from:
Donations and grants
4
Charitable activities
5
Other trading activities
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8,9
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
31 December
2022
£
116,476
-
19,160
135,636
27,574
75,260
102,834
32,802
-
32,802
32,802		 Restricted
funds
31 December
2022
£
-
358,001
-
358,001
-
350,248
350,248
7,753
125,406
7,753
133,159		 Total
funds
31 December
2022
£
116,476
358,001
19,160
493,637
27,574
425,508
453,082
40,555
125,406
40,555
165,961		 Total
funds
Period ended
31 December
2021
£
151,192
230,000
13,140
394,332
54
268,872
268,926
125,406
-
125,406
125,406

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 24 form part of these financial statements.

Page 9

ACE PROGRAMME

BALANCE SHEET AS AT 31 DECEMBER 2022

Note
Current assets
Debtors: Amounts falling due within one year
13
Cash at bank and in hand
Creditors: Amounts falling due within one
year
14
Net current assets
Total net assets
Charity funds
Restricted funds
15
Unrestricted funds
15
Total funds		 2022
£
30,555
245,464
276,019
(110,058)		 2022
£
165,961
165,961
133,159
32,802
165,961		 2021
£
192,973
46,369
239,342
(113,936)		 2021
£
125,406
125,406
125,406
-
125,406

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

Ebony Rainford-Brent MBE Chair

Date:

The notes on pages 11 to 24 form part of these financial statements.

Page 10

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. General information

ACE Programme is a Charitable Incorporated Organisation and is registered with the Charity Commission (Charity Registered Number 1191681) in England and Wales.

The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity's operations and principal activities are detailed in the Trustees' report.

The Charity registered with the Charity Commission on 7 October 2020. The prior period therefore includes the period from registration to the first accounting period end of 31 December 2021 and is not directly comparable.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applies to all periods presented unless otherwise stated.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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 (FRS 102) and the Charities Act 2011.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

ACE Programme meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest pound.

2.2 Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

Page 11

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the year is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.6 Cash at bank and in hand

Cash at bank and in hand 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.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

Page 12

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Accounting policies (continued)

2.8 Financial instruments

The Charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the Charity and their measurement bases are as follows:

Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 13. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in Note 14.

2.9 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Page 13

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

4. Income from donations and grants

Unrestricted Unrestricted Restricted Restricted Total
funds funds funds
31 31 31
December December December
2022 2022 2022
£ £ £
Donations 116,476 - 116,476
Unrestricted Restricted Total
funds funds funds
Period ended Period ended Period ended
31 31 31
December December December
2021 2021 2021
£ £ £
Donations 26,192 - 26,192
Grants - 125,000 125,000
26,192 125,000 151,192

5. Income from charitable activities

Restricted Total
funds funds
31 31
December December
2022 2022
£ £
Performance related grants 358,001 358,001

Page 14

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

5. Income from charitable activities (continued)

Restricted Total
funds funds
Period ended Period ended
31 31
December December
2021 2021
£ £
Performance related grants 230,000 230,000

6. Income from other trading activities Income from fundraising events

Unrestricted Total
funds funds
31 31
December December
2022 2022
£ £
Fundraising events 19,160 19,160
Unrestricted Total
funds funds
Period ended Period ended
31 31
December December
2021 2021
£ £
Fundraising events 13,140 13,140

Page 15

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

7. Expenditure on raising funds

Fundraising trading expenses

Unrestricted Total
funds funds
31 31
December December
2022 2022
£ £
Fundraising costs 27,574 27,574
Unrestricted Total
funds funds
Period ended Period ended
31 31
December December
2021 2021
£ £
Fundraising costs 54 54

Page 16

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

8. Analysis of expenditure on charitable activities - by fund

Unrestricted Restricted
funds funds Total
31 31 31
December December December
2022 2022 2022
£ £ £
Charitable activities 75,260 350,248 425,508
Unrestricted Restricted
funds funds Total
Period ended Period ended Period ended
31 31 31
December December December
2021 2021 2021
£ £ £
Charitable activities 39,278 229,594 268,872

9. Analysis of expenditure by charitable activities - by type

Activities
undertaken Support Total
directly costs funds
31 31 31
December December December
2022 2022 2022
£ £ £
Charitable activities 318,535 106,973 425,508

Page 17

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9. Analysis of expenditure by charitable activities - by type (continued)

Activities
undertaken Support Total
directly costs funds
Period ended Period ended Period ended
31 31 31
December December December
2021 2021 2021
£ £ £
Charitable activities 161,820 107,052 268,872

Analysis of support costs

Staff costs
Governance Costs
Equipment Costs
Clothing Costs
Other Costs
Travel Costs
Mobile Charges
Office Equipment Supplies
Bank Charges
Insurance costs		 Total
funds
31
December
2022
Total
funds
Period ended
31
December
2021
£
£
96,267
88,958
5,400
4,980
71
3,484
643
7,094
156
122
2,239
1,461
813
483
189
441
106
29
1,089
-
106,973
107,052		 Total
funds
31
December
2022
Total
funds
Period ended
31
December
2021
£
£
96,267
88,958
5,400
4,980
71
3,484
643
7,094
156
122
2,239
1,461
813
483
189
441
106
29
1,089
-
106,973
107,052
107,052

Page 18

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

10. Governance costs

Independent examiners' remuneration - current period
Staff costs
Wages and salaries
Social security costs
Pension costs		 31
December
2022
Period ended
31
December
2021
£
£
5,400
4,980
5,400
4,980
31
December
Period ended
31
December
2022
2021
£
£
155,582
115,485
16,655
11,674
12,313
9,435
184,550
136,594		 31
December
2022
Period ended
31
December
2021
£
£
5,400
4,980
5,400
4,980
31
December
Period ended
31
December
2022
2021
£
£
155,582
115,485
16,655
11,674
12,313
9,435
184,550
136,594
136,594

11. Staff costs

The average number of persons employed by the Charity during the year was as follows:

Period ended
31 31
December December
2022 2021
No. No.
Employees 5 4

No employee received remuneration amounting to more than £60,000 in either period.

The total amount of employee benefits received by Key Management Personnel in the year was £59,900 (2021: £67,500). The Charity considers its Key Management Personnel to comprise:

• Director of programmes

Page 19

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .

During the year ended 31 December 2022, no Trustee expenses have been incurred (2021 - £NIL) .

13. Debtors

Due within one year
Trade debtors
Other debtors		 2022
£
26,000
4,555
30,555		 2021
£
75,250
117,723
192,973

14. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals		 2022
£
3,050
101,040
5,968
110,058		 2021
£
492
108,464
4,980
113,936

Page 20

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Statement of funds

Statement of funds - current year

Unrestricted funds
General Fund
Restricted funds
Sport England
ECB- Warwickshire CC
ECB/Royal London - Gloucestershire CC
Captain Tom Foundation
ECB National Partner
Community Cricket
Royal London
Total of funds		 Balance at 1
January
2022
£
-
10,580
6,482
25,000
83,344
-
-
-
125,406
125,406		 Income
£
135,636
173,751
-
50,000
-
81,250
3,000
50,000
358,001
493,637		 Expenditure
£
(102,834)
(184,331)
(6,482)
(50,000)
(66,249)
(40,167)
-
(3,019)
(350,248)
(453,082)		 Balance at
31
December
2022
£
32,802
-
-
25,000
17,095
41,083
3,000
46,981
133,159
165,961

Page 21

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Statement of funds (continued)

Sport England are the primary funder of the Charity, and their funding supports four full-time staff – The Director of Programmes, Administrator and two Community Coaches. The ACE Programme Charity launched as an independent charity following the success of an ACE Academy. The charity is currently affiliated to Surrey County Cricket Club, Warwickshire County Cricket Club, Gloucestershire County Cricket Club, Middlesex County Cricket Club, Lancashire County Cricket Club, Yorkshire County Cricket Club and Nottinghamshire County Cricket Club, providing opportunities for African and Caribbean children to access cricket. The charity aims to 'Support Underrepresented Talent from the Grassroots to the Elite' in the following ways: Talent Pathways, Elite Academy and Workforce Development.

The ECB awarded us funding in the period to develop our national reach working with Warwickshire County Cricket Club and Board. The delivery will focus on starting a school’s programme, community hubs, academy, supporting local Caribbean clubs notably in the Handsworth area, the largest black community in Birmingham.

Royal London have awarded us funding to further our national reach to work with Gloucestershire County Cricket Club and Foundation to start ACE Bristol. The delivery would support a full-time development officer who would be responsible to start school’s programme, community hubs, academy, and support Bristol West Indies Phoenix CC the local Caribbean club with club development opportunities.

The Sir Captain Tom Foundation provided funding to help us sustain our administrational delivery by purchasing appropriate office equipment, casual coach workforce via coaching hours, equipment, and clothing, to deliver across more parts of London and to sustain delivery in Birmingham with a full-time development officer.

ECB National Partners was an additional contribution from the ECB, the funding allowed us to help increase our national presence, with the focus on a national operations manager and development officers situated in Middlesex, Nottinghamshire, Lancashire, Yorkshire. Continuing to focus on working within cities who have high black population.

Walcot Foundation supporting our community engagement within Lambeth working in partnership with the Ben Hollioake Learning Centre, submitting a bid to support the afterschool club delivery focusing on beginner level cricket skills, podcasting and movie making.

Royal London gave us an additional donation to support all areas of ACE activity nationally. Notably our inaugural impact launch. The donation also contributed to supporting mentoring, CPD, casual coaches and casual administrator’s costs, playing equipment and clothing, talent open days, holiday club support and expenses.

Page 22

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

15. Statement of funds (continued) Statement of funds - prior period

Income
£
Unrestricted funds
General Fund
39,332
Restricted funds
Sport England
180,000
ECB- Warwickshire CC
25,000
ECB/Royal London - Gloucestershire CC
50,000
Captain Tom Foundation
100,000
355,000
Total of funds
394,332
16.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2022
£
Current assets
142,860
Creditors due within one year
(110,058)
Total
32,802		 Expenditure
£
(39,332)
(169,420)
(18,518)
(25,000)
(16,656)
(229,594)
(268,926)
Restricted
funds
2022
£
133,159
-
133,159		 Balance at
31
December
2021
£
-
10,580
6,482
25,000
83,344
125,406
125,406
Total
funds
2022
£
276,019
(110,058)
165,961

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ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Current assets
Creditors due within one year
Total		 Unrestricted
funds
2021
£
113,936
(113,936)
-		 Restricted
funds
2021
£
125,406
-
125,406		 Total
funds
2021
£
239,342
(113,936)
125,406

17. Related party transactions

The Trustees Andrew Lane and Ebony Rainford-Brent are also Directors of Surrey County Cricket Club (SCCC). During the year, a donation of £100,000 (2021: £Nil) was made by SCCC to the Charity. Further donations of £Nil were collected by SCCC on behalf of ACE Programme and were distributed to the Charity (2021: £21,509). A total of £184,550 (2021: £136,594) was also recharged from SCCC to ACE Programme for the Staff costs of the Charity. Costs of £6,390 (2021: £20,086) were also charged by SCCC for Academy Programme, Schools Competition and Development costs. As at the year-end, a total of £93,515 (2021: £106,061) was owing to SCCC by the Charity.

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