OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Charity Registered Number: 1191681

ACE PROGRAMME

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

ACE PROGRAMME

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of Cash Flows 10
Notes to the Financial Statements 11 - 25

ACE PROGRAMME

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees Ebony Rainford-Brent MBE, Chair
Andrew Lane
Andrien Meyers
Julia Regis
Callum Doyle (appointed 15 July 2024)
Roland Ilube
Lynne Warnock (appointed 29 November 2023)
Niran Chana (appointed 29 November 2023)
Dominic Haddock (appointed 29 November 2023)
Principal office
The Kia Oval
London
SE11 5SS
Independent Examiner
MHA
Chartered Accountants
2 London Wall Place
London, United Kingdom
EC2Y 5AU
Bankers
Allied Irish Bank
92 Ann Street
Belfast, United Kingdom
BT1 3HH

Page 1

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the audited financial statements of the Charity for the year ended 31 December 2023. 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 black British professional players by 75%. The ACE Programme was designed to engage young people of African and Caribbean Heritage and a talent search was launched.

In Black History Month, October 2020, following significant investment of £540,000 from Sport England, The ACE Programme Charity launched as an independent charity. Three years after delivery, the charity is pleased to be an official partner of Sport England and England & Wales Cricket Board (ECB), providing opportunities for African and Caribbean heritage children to access cricket across six cities – London, Birmingham, Bristol, Manchester, Nottingham and Sheffield.

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

Talent Pathways

The programme aims to build grassroots cricket programmes, develop talent pathways and talent ID for young people who may or may not be currently playing cricket and transitioning them into the appropriate playing environment.

Elite Academy

The E lite 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 for the academy.

Workforce Development

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

Vision

The vision of the Charity is to inspire the wider game of cricket to reconnect with the black community. The Charity seeks to act as catalyst to accelerate this change and has an ambition to have a national present in its target community.

ACE will provide equal opportunities for females. The Charity will look to develop key strategic partnerships as it grows.

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.

Achievements and performance

Financial review

During the year, the Charity received incoming resources of £653,875 (2022 - £493,637). Total expenditure was £634,840 (2022 - £453,082), resulting in a net surplus of £19,035 (2022 - £40,555).

At the year end 31st December 2023, the charity held unrestricted funds balance of £48,121 (2022 - £32,802) , and restricted funds balance of £136,875 (2022 - £133,159) as set out in Note 15 statement of funds.

Page 2

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Charity works with number of key stakeholders who provide core restricted funding. The notable stakeholders are Sport England supporting with £180,000, ECB supporting with £200,000 and the Walcot Foundation £25,000 – this supports our staff recruitment and programme delivery in London, Birmingham, Bristol, Manchester, Nottingham and Sheffield.

- Sport England £186,249

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

Overall, the program plays a vital role in promoting the sport, nurturing talent, and encouraging active participation in cricket across England.

ECB National Partners - £200,000

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. In 2023, we completed our second year of this funding.

The ECB and our shared values, focusing on talent development through its youth and academy programs, which aim to identify and nurture young cricketers with the potential to represent Fist Class Counties and England at the international level. Whilst having grassroots initiatives, to introduce cricket to children and promote participation.

Walcot Foundation - £25,000

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.

“As a parent I am happy to see the joy in my son’s face, the eagerness to get to training and the feedback he gives after training or any game. He feels a sense of belonging with his friends and the interaction with the coaches is a joy to see. He feels at home, ACE is in heart and he’s eager to do what he can to support ACE to see the charity grow from strength to strength!”

Page 3

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Monitoring & Evaluation

Academy by numbers:

Schools by numbers:

Community by numbers:

In 2024, we would like to increase our delivery nationally into more areas and expand our fundraising programme to raise more unrestricted 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, and amended on 3 May 2023. Having an incorporated structure provides limited liability for Trustees and allows the charity to employ staff and enter into contracts in its own name (rather than in the name of the trustees).

Page 4

ACE PROGRAMME

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Governance and Management

The Trustees meet a minimum of four times a year to deal with the business of the Charity and make the key decisions required for this purpose. The executive team distribute a detailed report in advance of board meetings in order to provide the Trustees with the relevant information required to inform decision-making. There are policies detailing the scheme of delegation and the matters reserved for the Board, who delegate day-to-day responsibility to the executive team.

Risk management

The Trustees have conducted a review of the major risks to which the Charity is exposed. A risk register is reviewed on a regular basis. The principal risks and uncertainties identified in the most recent review were staff turnover, a fundraising risk leading to insufficient unrestricted funds, and safeguarding. A risk mitigation checklist is in place to help mitigate these risks.

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.

Related party transactions

Administrative services such as HR and Payroll are provided to the Charity by Surrey County Cricket Club Limited on a pro-bono basis and their value cannot be reliably measured. Accordingly, these services are not recognised in the financial statements. The Charity has a long-term strategy in place to gradually bring these services inhouse.

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

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

Ebony Rainford-Brent MBE Chair

Date: 25.09.24

Page 5

ACE PROGRAMME

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023

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: 25.09.24

Page 6

ACE PROGRAMME

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023.

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: 02/10/2024

Stuart McKay BSc FCA DChA

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

Page 7

ACE PROGRAMME

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

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
2023
£
120,691
-
5,366
126,057
7,207
103,531
110,738
15,319
32,802
15,319
48,121		 Restricted
funds
2023
£
85,000
442,818
-
527,818
-
524,102
524,102
3,716
133,159
3,716
136,875		 Total
funds
2023
£
205,691
442,818
5,366
653,875
7,207
627,633
634,840
19,035
165,961
19,035
184,996		 Total
funds
2022
£
116,476
358,001
19,160
493,637
27,574
425,508
453,082
40,555
125,406
40,555
165,961

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

The notes on pages 11 to 25 form part of these financial statements.

Page 8

ACE PROGRAMME

BALANCE SHEET AS AT 31 DECEMBER 2023

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		 2023
£
111,251
125,229
236,480
(51,484)		 2023
£
184,996
184,996
136,875
48,121
184,996		 2022
£
30,555
245,464
276,019
(110,058)		 2022
£
165,961
165,961
133,159
32,802
165,961

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

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

Ebony Rainford-Brent MBE Chair

Date: 25.09.24

The notes on pages 11 to 25 form part of these financial statements.

Page 9

ACE PROGRAMME

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Cash flows from operating activities
Net cash used in operating activities
17
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
18
The notes on pages 11 to 25 form part of these financial statements		 2023
£
(120,235)
(120,235)
245,464
125,229		 2022
£
199,095
199,095
46,369
245,464

Page 10

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 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 2023

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 2023

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 2023

4. Income from donations and grants

Donations
Grants
Donations
5.
Income from charitable activities
Performance related grants
Performance related grants		 Unrestricted
funds
2023
£
120,691
-
120,691		 Restricted
funds
2023
£
-
85,000
85,000
Unrestricted
funds
2022
£
116,476
Restricted
funds
2023
£
442,818
Restricted
funds
2022
£
358,001		 Total
funds
2023
£
120,691
85,000
205,691
Total
funds
2022
£
116,476
Total
funds
2023
£
442,818
Total
funds
2022
£
358,001

Page 14

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Income from other trading activities

Income from fundraising events

Fundraising events
Fundraising events		 Unrestricted
funds
2023
£
5,366
Unrestricted
funds
2022
£
19,160		 Total
funds
2023
£
5,366
Total
funds
2022
£
19,160

Page 15

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Expenditure on raising funds

Fundraising trading expenses

Unrestricted
funds
2023
£
Fundraising costs
7,207
Unrestricted
funds
2022
£
Fundraising costs
27,574		 Total
funds
2023
£
7,207
Total
funds
2022
£
27,574

Page 16

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

8. Analysis of expenditure on charitable activities - by fund

Charitable activities
Charitable activities		 Unrestricted
funds
2023
£
103,531
Unrestricted
funds
2022
£
75,260		 Restricted
funds
2023
£
524,102
Restricted
funds
2022
£
350,248		 Total
2023
£
627,633
Total
2022
£
425,508

9. Analysis of expenditure by charitable activities - by type

Charitable activities
Charitable activities		 Activities
undertaken
directly
2023
£
508,406
Activities
undertaken
directly
2022
£
318,535		 Support
costs
2023
£
119,227
Support
costs
2022
£
106,973		 Total
funds
2023
£
627,633
Total
funds
2022
£
425,508

Page 17

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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

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
2023
£
102,776
6,690
-
4,200
781
1,017
1,750
412
141
1,460
119,227		 Total
funds
2022
£
96,267
5,400
71
643
156
2,239
813
189
106
1,089
106,973

10. Governance costs

Independent examiners' remuneration - current period
Independent examiners' remuneration - Prior year under accrual		 2023
£
5,670
1,020
6,690		 2022
£
5,400
-
5,400

Page 18

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

11. Staff costs

Wages and salaries
Social security costs
Pension costs		 2023
£
185,040
19,259
14,653
218,952		 2022
£
155,582
16,655
12,313
184,550

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

2023 2022
No. No.
Employees 5 5

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 £63,723 (2022 - £59,900) . 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 2023

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 December 2023, expenses totalling £ 120 were reimbursed or paid directly to 1 Trustee (2022 - £NIL to no Trustees). These were in respect of travel costs.

13. Debtors

Due within one year
Trade debtors
Other debtors		 2023
£
61,049
50,202
111,251		 2022
£
26,000
4,555
30,555

14. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals		 2023
£
576
45,238
5,670
51,484		 2022
£
3,050
101,040
5,968
110,058

Page 20

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
2023
£
32,802
-
-
25,000
17,095
41,083
3,000
46,981
133,159
165,961		 Income
£
126,057
186,249
85,000
25,000
-
200,000
31,569
-
527,818
653,875		 Expenditure
£
(110,738)
(186,249)
(28,667)
(50,000)
(17,095)
(161,942)
(34,569)
(45,580)
(524,102)
(634,840)		 Balance at
31
December
2023
£
48,121
-
56,333
-
-
79,141
-
1,401
136,875
184,996

Page 21

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023

15. Statement of funds (continued)

Statement of funds - prior period

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

16. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Current assets
99,605
Creditors due within one year
(51,484)
Total
48,121		 Restricted
funds
2023
£
136,875
-
136,875		 Total
funds
2023
£
236,480
(51,484)
184,996

Page 23

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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
2022
£
142,860
(110,058)
32,802		 Restricted
funds
2022
£
133,159
-
133,159		 Total
funds
2022
£
276,019
(110,058)
165,961

17. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
(Increase)/ decrease in debtors
Decrease in creditors
Net cash provided by/(used in) operating activities		 2023
£
19,035
(80,696)
(58,574)
(120,235)		 2022
£
40,555
162,418
(3,878)
199,095

18. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2023
£
125,229
125,229		 2022
£
245,464
245,464

Page 24

ACE PROGRAMME

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

19. Analysis of changes in net debt

Cash at bank and in hand At 1
January
2023
£
245,464
245,464		 Cash flows
£
(120,235)
(120,235)		 At 31
December
2023
£
125,229
125,229

20. Related party transactions

The Trustee Andrew Lane is also a Director of Surrey County Cricket Club (SCCC). Ebony RainfordBrent was a also Director until 9 May 2023. During the year, a donation of £100,000 (2022 - £100,000) was made by SCCC to the Charity. A total of £218,953 (2022 - £184,550) was also recharged from SCCC to ACE Programme for the Staff costs of the Charity. Costs of £78,948 (2022 - £6,390) were also charged by SCCC for Academy Programme, Schools Competition and Development costs. As at the year-end, a total of £28,930 (2022 - £93,515 ) was owing to SCCC by the Charity.

The Trustee Ebony Rainford-Brent is also a Director of England & Wales Cricket Board (ECB). During the year, a donation of £200,000 (2022 - £81,250) was made by ECB to the Charity. A total of £50,789 (2022 - £22,042) was also recharged from ECB to ACE Programme for the Staff costs of the Charity. Costs of £111,153 (2022 - £18,125) were also charged by ECB for coaching and development costs. As at the year-end, a total of £NIL (2022 - £NIL) was owing to ECB by the Charity.

Page 25