# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022**
## **PRINCES PARK YOUTH FOOTBALL CLUB**
**CHARITY REGISTRATION No: 1072424**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **CONTENTS**
|Page 3|Legal and Administrative Information.|
|---|---|
|Page 4|Independent Examiner's Report.|
|Pages 5 to 6|Trustees' Report.|
|Page 7|Statement of Receipts and Payments.|
|Page 8|Statement of Assets and Liabilities.|
|Pages 9 to 11|Notes to the Accounts.|
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## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **CHARITY NUMBER**
**CHARITY NUMBER** 1072424 **START OF FINANCIAL YEAR** 1st July 2021 **END OF FINANCIAL YEAR** 30th June 2022 **TRUSTEES AT 30TH JUNE 2022** Adeola Olasupo Ghabriel Teles James Jack Christian Grant Leite Shannon Pellius
The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.
## **GOVERNING INSTRUMENT**
Declaration of Trust made 1st August 1998, as Amended by Supplemental Deed made on 22nd October 1998.
## **OBJECTS**
To improve the condition of life of young people aged under 18 years by the provision of Association Football and so develop their personal and physical well being
**CORRESPONDENCE ADDRESS** 253 The Vale London NW11 8TN **PRIMARY BANKERS** Barclay Bank Plc 1 Churchill Place London E14 5HP
## **INDEPENDENT EXAMINERS**
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trusteeslmemt*rs of Princes Park YoLrth Football Club on the accounts for the year ended 30th June
3022 set out on pages 7 to 11.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
Tho charity'5 trustees are responsibl& for the PTeparatlon of the accounts. The charity's trustee5 consider that an audit
is not requlr¢d for this year under section 144 of the Charities Act 2011 (the Charities Actl and that an independent
oxamination is needed.
It is my spOnSibl11ty to..
examiné the 8ccounts under section 145 of the Charities Act;
• to follow the procedures laid down in the general Directions given by the Charity Commission (under
se¢titsn 14515llbl of the Charities Act", and
• to State whether particular mattors hav8 corne to my attèntion.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My axaminalion was carrtad out in accordance wlth Gefieral Directions glvgn by the Charity Commission. An
examination includes a review of the accounting records k8Pt by the charity and a comparison of the accounts
presented with those re¢ord$. It also includes consideration of any unusual items or disclosures in thé accounts, and
seeking explanations from thè tru8tees conceming any such matters. The procedures undertaken do not piovide 851
Ihe evidènce that would be required in an audit. and consequently no opinion is given 85 to vthelher the accounts
resent a 'triJt¥ and f8ir' view and thg r9POrt is limited to those tnattgrs set out in th* Èt&tement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention..
1. whi¢h gives me reas¢)nabltr cause to believe that in, any material respect, the r8quirernents.'
lo keep accounting records in accordance with stIOn 130 of the Charities Act., and
lo prepare accounts which accord wth th8 aOUntIng record$ and comply wth the accounting
requirements of the Charitps Act have not beeft met., or
2. to which, In my opinion. attentSon shoukl bè drawn in order to enable 8 proper understanding of the accounts to be
reached.
K. Collaku MAAT
Castie Vièw A¢counling Ltd
New Barn
Mudberry Lane
Bosham
Chichester
West Su88ex
P018 8TS
Dated.. 28th March 2023
## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2022**
## **CLUB SECRETARY REPORT**
Christian Leite reported a total of 12 teams for the new season, with 2 folding mid-season due to declining player numbers. 145 players registered for the season, holding close to the number from the previous season. All teams remaining completed their matches and participated in summer tournaments.
- By keeping steady the number of players and coaches we kept in line with our football development plan.
- Club is in a stage where it needs further volunteers to continue to function. plan.
· Player registrations do not cover our expenses. Pitch hire is a positive for us and allows us to provide for the players that we have.
## **FINANCIALS**
• Key income of £56,295 (2021: £52,136) included fees of £18.5k (2021: £17.3k), Astro bookings of £33.7k (2021: £18.06k) and grant of £NIL (2021: £12.86k).
• Astro letting and Pavilion bookings revenue were up on last year because there were no Covid 19 restriction in 2021/22 and we continue to advertise the facilities on popular and reputable websites to wide range of football clubs. Bookings and payments are managed online; therefore, use of our facilities is straightforward, and payments are made at point of booking.
• Costs totalled £62,807 (2021: £39,870). The club is back in full swing as all restriction have been lifted, therefore we have invested more in services to ensure the club and its activities are run efficiently. Most of the increases are in the following: **i** ) - Coaching Fees of £5.6k (2021: £2.4k).
**ii** ) - Kit & Equipment of £13.9k (2021: £7.9k), apart from purchasing new equipment, we changed the club’s uniform and offered new uniforms to players at a discount.
**iii** ) - We paid £600 to the football development manager in 2020/21 because the club was closed most of the season instead £3,600. The club was able to meet its obligations in 2021/22. We also paid £7,470 to Sportsworks Ltd for Wellbeing programme delivery – this is a grant funded project.
**iv** ) - League & County fees of £4,124 (2021: £1,680).
- The net movement of funds for the period ended 30th June 2022 shows a deficit of £6,512 (2021: surplus of £12,266).
- The value of PPYFC’s net assets as at 30th June 2022 is £20,579 (2021: £27,091).
- Cash balances were Club Account £7,525 and Sinking Fund £13,054, a total of £20,579.
## **WELFARE REPORT**
No major welfare concerns for this season, with minor ones resolved amicably. Club is ticking over and providing a good standard of coaching for all players with all the relevant processes in place.
## **FACILITIES MANAGEMENT**
Facility in a good state, with regular maintenance and cleaning being achieved. Funding sought for pitch surface renewal and lighting upgrades.
## **CONSTITUTION CHANGES**
Trustees for the period ended 30 June 2022 were Christian Leite, James Jack, Ghabriel Teles and Adeola Olasupo.
5
PRINCES PARK YOUTH FOOTBALL CLUB
TRUSTEES. REPORT (Continued)
FOR THE YEAR ENDED 30TH JUNE 2022
TRUSTEES RESPONSIBILITIES
The Charities Act 2011 raquire Iht> trustees lo prèparè financial stat8mgnls for each flnancial year which giv8 a true and
fair VEW of tho state of affairs of Ihe trust 8nd of IhÈ Surplus of the trust for thai pÈri¢xl. In yeparing those financiql
statgments the Iruslees are reauired to..
S@l&cl suilsble.3r£.oiJnting policies 3nd ap IFEM consist8ntty'.
Make judgpmpnls and estimates that are reasonab and prudent.,
Preparp financial slatem8nts on thè going c.orKern b8515 unless it is inappropriate to Pf88ume that the trust
will tonlinue In existence.
The trustees are responsibb for keeping proper accounting reGords. which disclose wrth roasonatyle a¢¢vracy at any
hme the financial FK)Sition of the trust. They also responsible lor 53feguarding the ass8ls of thè Irv51 and hence for
taking reasonable Steps for the prevcntion and deteclioTr ol fraud and other IrrUl3e5.
Approved by th8 Tru%tees on the
Signed on their behalf by Tru5to
Printed Name..
AJ,.tg OtAy-
## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **STATEMENT OF RECEIPTS AND PAYMENTS**
**FOR THE YEAR ENDED 30TH JUNE 2022**
|**Notes**
**RECEIPTS :**
Grants, Donations & Legacies
**2a**
Investment Income
**2b**
Activities for Generating Funds
**2c**
Other Incoming Resources
**2d**
**TOTAL RECEIPTS**
**PAYMENTS :**
Costs of Charitable Activities
**3a**
Governance Costs
**3b**
**TOTAL PAYMENTS**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
4,050
-
4,050
12,888
2
-
2
3
52,243
-
52,243
39,050
-
-
-
196
**56,295**
**-**
**56,295**
**52,136**
58,012
4,000
62,012
38,950
795
-
795
920
**58,807**
**4,000**
**62,807**
**39,870**
**(2,512)**
**(4,000)**
**(6,512)**
**12,266**
19,441
7,650
27,091
14,825
**16,929**
**3,650**
**20,579**
**27,091**|
|---|---|
The Charity's operations are classed as continuing operations.
The notes on pages 9 to 11 form part of these financial statements.
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PRINCES PARK YOUTH FOOTBALL CLUB
STATEMENT OF ASSETS AND LIABILITIES
AS AT 30TH JUNE 2022
Unrgstrict8d Reslrielèd
Fun
Fund
Totsl
3JUn.22
Total
3Wun.21
Not
ASSETS
Cash Fund5'.
Cash at Bank and in Hand
16,929
3,650
20,579
27,091
16.929
3,650
20.579
27,091
Charity Funds..
General Funds
Restricted Funds
16,929
16,929
3.650
19,441
7,650
16,929
3.650
20,579
27.091
A5¥ets retained for the Charity's own u50
Equipment Costs
2.123
2,123
2,123
Unr&strictEd
Fund
Rest[le
Fund
Total
30-Jun-22
T¢tsl
3(kJun.21
LIABILITIES
Independpnl Examiners Fe8
600
600
575
600
575
TRUSTEES RESPONSIBILITIES IN RÈLATION TO FINANCIAL STATEMENTS
Charty Law requires the Tnjsiees to prgpare findncial statements for each finanaal year which comply with th8
ulations set out In the Chantie8 Act 2011. The Trv*ees have elected to take adwani4e of the prowsion5 that apply
to srnall charitres and have prepared a R8C8IPls and Payments Account aThJ Statement Df Assets and Liabilities which
aro set out on page$ 7 8.
Approv8d by the Tru5teBs on the .
sIgn OTh their behaLffj by Trustee
Printed Name".
l¥deoLp OL+
## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 30TH JUNE 2022**
## **1. BASIS OF ACCOUNTING**
The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners and the documents meet the appropriate legal requirements.
## **2. RECEIPTS**
|**a) Grants, Donations & Legacies**
Gifts & Donations
Grants Received
**b) Investment Income**
Bank Interest
**c) Activities for Generating Funds**
Astro Lettings
Fees Received
Pavilion Bookings
Sponsorship Income
**d) Other Incoming Resources**
Sundry Income|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
4,050
-
4,050
28
-
-
-
12,860
**4,050**
**-**
**4,050**
**12,888**
2
-
2
3
**2**
**-**
**2**
**3**
33,697
-
33,697
18,059
18,546
-
18,546
17,314
-
-
-
2,127
-
-
-
1,550
**52,243**
**-**
**52,243**
**39,050**
-
-
-
196
**-**
**-**
**-**
**196**|
|---|---|
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## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30TH JUNE 2022**
## **3. PAYMENTS**
|**a) Costs of Charitable Activities**
Administrative Expenses
Astro Rent & Rates
Coaching Costs
Football Development Manager
Kit & Equipment Costs
League & County Registration
Mangers Expenses & Fines
Match & Pitch Fees
Pavilion Rent & Rates
Pavilion Repairs & Maintenance
Pavilion Utility Costs
Presentation Costs
Training & Development Costs
Wellbeing Project Costs
**b) Governance Costs**
Independent Examiner's Fee
Insurance Costs|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
1,189
-
1,189
2,591
1,956
-
1,956
1,467
5,555
-
5,555
2,410
-
4,000
4,000
600
13,948
-
13,948
7,892
4,124
-
4,124
1,680
424
-
424
196
4,799
-
4,799
4,216
9,521
-
9,521
7,600
1,547
-
1,547
3,361
5,356
-
5,356
5,394
1,934
-
1,934
1,082
190
-
190
460
7,470
-
7,470
-
**58,012**
**4,000**
**62,012**
**38,950**
575
-
575
550
220
-
220
370
**795**
**-**
**795**
**920**|
|---|---|
10
## **PRINCES PARK YOUTH FOOTBALL CLUB**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30TH JUNE 2022**
## **4. RESTRICTED FUNDS**
## **Current Financial Year**
|Football Development Manager
**Previous Financial Year**
Football Development Manager|**Balance**
**Balance**
**01-Jul-21**
Income
Expenditure
Transfers
**30-Jun-22**
£
£
£
£
£
7,650
-
4,000
-
3,650
**7,650**
**-**
**4,000**
**-**
**3,650**
**Balance**
**Balance**
**01-Jul-20**
Income
Expenditure
Transfers
**30-Jun-21**
£
£
£
£
£
8,250
-
600
-
7,650
**8,250**
**-**
**600**
**-**
**7,650**|
|---|---|
The Restricted Funds held are wholly represented by the Charity's Cash Reserves and are to be expended as specified above.
## **5. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS**
During the financial year Trustee Mr Christian Grant Leite received £4,000 (2020/21:£600) in salary related payments in his capacity as the Football Development Manager for Princes Park Youth Football Club in furthering the Charity's objects.
No other payments were made to trustees or any persons connected with them during this financial year other than for reimbursement of expenses incurred on behalf of the Charity. No other material transaction took place between the organisation and a trustee or any person connected with them.
## **6. RISK ASSESSMENT**
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
## **7. RESERVES POLICY**
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
## **8. PUBLIC BENEFIT**
The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees Report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
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