ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024
PRINCES PARK YOUTH FOOTBALL CLUB
CHARITY REGISTRATION No: 1072424
Castle View Accounting Ltd Ground Floor Offices
53 High Street Arundel West Sussex BN18 9AJ
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. |
2
PRINCES PARK YOUTH FOOTBALL CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1072424
START OF FINANCIAL YEAR
START OF FINANCIAL YEAR 1st July 2023 END OF FINANCIAL YEAR 30th June 2024 TRUSTEES AT 30TH JUNE 2024 Adeola Olasupo James Jack Christian Grant Leite Shannon Pellius Neelam Alhaddad (Appointed 22nd June 2024) Sally Green (Appointed 22nd June 2024) Dean Fenton (Appointed 22nd June 2024) Laura Tovey (Appointed 22nd June 2024) Ghabriel Teles (Resigned 3rd May 2023)
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
PRIMARY BANKERS
INDEPENDENT EXAMINERS
Cool Oak Lane London NW9 7ND Barclay Bank Plc 1 Churchill Place London E14 5HP Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
3
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/members of Princes Park Youth Football Club on the accounts for the year ended 30th June 2024 set out on pages 7 to 11.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act; and
-
to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ
Dated: 28th April 2025
4
PRINCES PARK YOUTH FOOTBALL CLUB
TRUSTEES' REPORT
FOR THE YEAR ENDED 30TH JUNE 2024
CLUB SECRETARY REPORT
All teams were retained into the new season, with 2 new teams in the U7s and U8s added. Coaching numbers remained similar and we have recruited 3 new coaches. The Club has actively invested in coaching courses for volunteers and looks to develop coaching on a weekly basis. The Club would still like to recruit further volunteer coaches to ensure that the Club is compliant with new FA coach-to-player regulations.
FINANCIALS
• Key income of £64,625 (2023: £64,630) included fees of £13.7k (2023: £22.2k), Astro bookings of £50.8k (2023: £42k).
• Astro letting and Pavilion bookings revenue were up on last year because 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. Finally, the rate is very reasonable to attract more clientele.
• Costs totalled £73,423 (2023 £62,844). Most of the increases are in the following
i ) - Pavilion Utilities of £7.1k (2023: 17.6k), the Charity continue to investigate why our neighbour’s utility is still being invoiced to us because their meter has been wrongly installed on our premises. We stopped paying utility bills in 2023/24 to force the landlord and the utility company to investigate and reimburse the Charity for excess fees paid. Unfortunately, there has been no resolution, and we continue to follow up. The utility company enforced the debt; therefore, we had to pay outstanding £20k utility bill in 2025.
ii ) - Pavilion Maintenance of £27k (2023: £12.4k). We completed the installation of energy efficient floodlights and boiler estimate as at 2022/23 was £12k to 15k, the Charity spent £15.9k in 2024 to complete the work. The charity continues to work with the self-employed caretaker we hired in 2022/23, fees paid in 2024 is £8,590 (2023: £3,685). We have currently asked for an estimate to repair the astroturf pitch because of wear and tear we estimate that repairs could cost up to £10k and this would be done in 2025.
iii ) - Coaching Fees of £4.7k (2023: £2.6k).
iv ) - Kit & Equipment of £3.5k (2023: £5.4k), The club did not spend much on Kits and equipment this year as we had purchased new equipment in 2022, and they are still in very good condition.
-
v ) - League & County fees of £3,365 (2023: £1,864).
-
The net movement of funds for the period ended 30th June 2024 shows a deficit of £8,798 (2023: surplus of £1,786).
-
The value of PPYFC’s net assets as at 30th June 2024 is £13,567 (2023: £22,365).
-
Cash balances were Club Account £4,383 and Sinking Fund £9,184, a total of £13,567.
WELFARE REPORT
We have been on top of DBS checks and had no major welfare issues to report.
FACILITIES MANAGEMENT
Facility in a good state, with regular maintenance and cleaning being achieved. Lights and boiler upgraded at a cost of circa £15.9k.
CONSTITUTION CHANGES
Trustees for the period ended 30 June 2024 were Christian Leite, James Jack, Shannon Pellius, Adeola Olasupo, Neelam Alhaddad, Sally Green, Laura Tovey and Dean Fenton.
5
PRINCES PARK YOUTH FOOTBALL CLUB TRUSTEES. REPORT (Continued) FOR THE YEAR ENDED 30TH JUNE 2024 Trusleo$' ft08ponsitxlitle The truslee$ are resSIble for weparirKJ Tru?ts' Report èrKI financial ststements in COrdance Wlh applicalje Law and the GrallY Accepted AcrAwntiry Principl4s IGMPI inclL4IiTrJ Finarcl Rep)rting Standard 102.. The FinarLial Rarx)rting Standard appliGaL48 in the UK Rawt4K of Ireland lun Kingdffi) Generally Acc8pted Actounting Practul. The Chafits Act 2011 require the tru%ieos io preparè . 'n?l81 statements exh financkHI vthich give a tr a[ fair ew ofihe state of affairs of the c arKJ of of the CIO for that weparitvJ those ffinanckql statements the tnjslees are reqUId to.. Seleci sui18t4è accounlir¥J Fdicies anJ ap¢ty thorn con$istsnY>. Obserwe the methDJs and principk15 1.1 Chariis SORP. Make judgements arKJ e5tsmates tFwl..Ire reascwLle aThJ pnthnt stste whether applraNe UK ACCOL11 Stsndards hwe been folKwed. subRrt to any material d8parture$ discbsed and expLained in lh8 financol Strte Prepare fingncial stst8m&nts on the goiry CLYUrn bas'5 unlass it 15 inapprcyiata tts presurng thai ihe CIO will eontinuo in The trustees are responsiUe for keeryJ sufficnt accwnong rordS Ihat ¢scbse wrth reasonatde xcuracy at any titne the financial positK)n of the chanty a1 enatle thgm to pnsure that tl fin81 staternents conwty t1 Charities Act 2011, th• Charity (Accounts Reponsl RegublK)ns 2008 aThJ provisions OT the Governing 0(vJtnenL TW are a0 respons1ble for Safyar[In9 the assets of the chamy aNJ he for t&"r@ reascTrt* steps kn the preventw aThJ ¢JetectvJn of fr8u(J and oth Irregulanties. Approved by Trustees cffi th?............ ......... Signed on i1r téhalf by Truee . Printed Name.. (if,14 Olf &.
PRINCES PARK YOUTH FOOTBALL CLUB
STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30TH JUNE 2024
| Notes RECEIPTS : Grants, Donations & Legacies 2a Investment Income 2b Activities for Generating Funds 2c 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 2023/24 2022/23 £ £ £ £ - - - 500 87 - 87 42 64,538 - 64,538 64,087 64,625 - 64,625 64,630 72,183 300 72,483 62,024 940 - 940 820 73,123 300 73,423 62,844 (8,498) (300) (8,798) 1,786 21,865 500 22,365 20,579 13,367 200 13,567 22,365 |
|---|---|
The Charity's operations are classed as continuing operations.
The notes on pages 9 to 11 form part of these financial statements.
7
PRINCES PARK YOUTM FOOTBALL CLUB STATEklENT OF ASSETS AND LIABIUTIES AS AT 30TH JUNE 2024 Unrestricted FLNWJ Restricted Fund Total 30-Jun-24 Total 30U.23 ASSETS Cash Fund5: Cash ai Bank in HaThJ 13.367 13.567 22,365 13.367 200 13,567 22,365 Charty Fund& Gertr Funds Restricted Fu$ 13.367 13.367 200 21,865 500 200 13,367 200 13.$67 22,365 Assets r•taln•d for the Charltys own us• EquiFffjent Costs 2,123 2.123 2.123 UnrestnuJ Fw Restred Fund Total Youn-24 Total 30-Jun-23 LIABILITIES Indeper1eni EXamIr5 Fee 720 720 TRUSTEES RESPONSIBIUTIES IN RELATION TO FINANCIAL STATEMENTS Charity Law requires the Trustees to Wep8 finla1 stsleryhts for èxh financd year whth compty with the regulaiions set out in the Charibes Act 2011. The Trustees have elected 10 take a(fvant4E of the provisions that aFpty to small charils and havè prepargd a Receipts and PayTnents Acc4yJrn and Stemeni ofAssets and LI8rt*S whieh are set out on pag85 7 and & Approved by the Trus$ on the .. Sigrth on their behaw by Tntsteè .... Printed Nam¢'.
PRINCES PARK YOUTH FOOTBALL CLUB
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30TH JUNE 2024
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 b) Investment Income Bank Interest c) Activities for Generating Funds Astro Lettings Fees Received |
Unrestricted Restricted Total Total Funds Funds 2023/24 2022/23 £ £ £ £ - - - 500 - - - 500 87 - 87 42 87 - 87 42 50,791 - 50,791 41,908 13,747 - 13,747 22,179 64,538 - 64,538 64,087 |
|---|---|
9
PRINCES PARK YOUTH FOOTBALL CLUB
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024
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 Tournament Costs Training & Development Costs b) Governance Costs Independent Examiner's Fee Insurance Costs |
Unrestricted Restricted Total Total Funds Funds 2023/24 2022/23 £ £ £ £ 3,242 - 3,242 1,418 1,966 - 1,966 2,855 4,743 - 4,743 2,580 - 300 300 3,150 3,484 - 3,484 5,398 3,365 - 3,365 1,864 426 - 426 476 4,220 - 4,220 3,738 14,031 - 14,031 10,072 26,984 - 26,984 12,420 7,139 - 7,139 17,628 2,340 - 2,340 30 60 - 60 135 184 - 184 260 72,183 300 72,483 62,024 720 - 720 600 220 - 220 220 940 - 940 820 |
|---|---|
10
PRINCES PARK YOUTH FOOTBALL CLUB
NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024
4. RESTRICTED FUNDS
Current Financial Year
| Football Development Manager Previous Financial Year Football Development Manager |
Balance Balance 01-Jul-23 Income Expenditure Transfers 30-Jun-24 £ £ £ £ £ 500 - 300 - 200 500 - 300 - 200 Balance Balance 01-Jul-22 Income Expenditure Transfers 30-Jun-23 £ £ £ £ £ 3,650 - 3,150 - 500 3,650 - 3,150 - 500 |
|---|---|
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 £300 (2022/23:£3,150) 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.
11