ESSEX CRICKET FOUNDATION
To promote community participation in healthy recreation by providing facilities for the playing of cricket and other sports and leisure occupations of such persons who have need for such facilities by reason of their age, infirmity or disablement. To advance the education of young people and to relieve the need, hardship or distress of persons who are living or were formerly resident in Essex.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £65,343, which the trustees describe as enabling the charity to continue operating for many months but not indefinitely. The charity reported a net deficit for the year before investment gains, with total funds increasing to £1,312,261 largely due to investment gains of £141,977. The trustees acknowledge that the principal risk is generating future fundraising income and are actively pursuing other funding sources.
What the accounts disclose
“The Trustees retain funds in order to ensure that there are sufficient funds to renew existing programmes to support community projects as in the early stages of the formation of the Charity, they are reliant on fundraising which in the current economic environment can fall short of expectations. The Trustees also need to retain funds to support existing projects of the Youth Trust where it does not have the resources. The cost of these projects is currently £10,000 per annum and will eventually be met from unrestricted reserves. The Trustees have agreed to commit £35,000 next year to existing projects, of which a minimum of £22,500 will be met from unrestricted reserves.” — page 8
Register events
- Received assets from another charity (21/03/2012)
Trustees
- Janet Elizabeth Hargreaves
- John Andrew Spence
- Myles Thomas Churchill
- ROBERT IAN MCLINTOCK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £86k | £170k |
| 31/12/2023 | £94k | £186k |
| 31/12/2022 | £266k | £122k |
| 31/12/2021 | £275k | £181k |
| 31/12/2020 | £40k | £106k |
Common questions
Is ESSEX CRICKET FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £65,343, which the trustees describe as enabling the charity to continue operating for many months but not indefinitely. The charity reported a net deficit for the year before investment gains, with total funds increasing to £1,312,261 largely due to investment gains of £141,977. The trustees acknowledge that the principal risk is generating future fundraising income and are actively pursuing other funding sources. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 05/05/2021 | £672 | COVID19 Return to Play |
| Sport England | 12/09/2019 | £10k | One Hit to Another Hit |
| The National Lottery Community Fund | 08/03/2017 | £10k | Eagle Nest |