# **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: 1. 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 2. 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 res￿SIble for weparirKJ Tru?t*s' Report èrKI financial ststements in ￿COrdance Wlh applicalje Law and the G￿rallY Accepted AcrAwntiry Principl4s IGMPI inclL4IiTrJ Finarc*l Rep)rting Standard 102.. The FinarLial Rarx)rting Standard appliGaL48 in the UK Rawt4K of Ireland lun￿*￿ Kingdffi) Generally Acc8pted Actounting Practul. The Chafit*s 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 reqUI￿d to.. Seleci sui18t4è accounlir¥J Fdicies anJ ap¢ty thorn con$istsnY>. Obserwe the methDJs and principk15 1.1 ￿ Charii*s SORP. Make judgements arKJ e5tsmates tFwl..Ire reasc*wLle aThJ pnthnt stste whether applraNe UK ACCOL￿11￿ Stsndards hwe been folKwed. subRrt to any material d8parture$ 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 kee￿ryJ suffic*nt accwnong r￿ordS Ihat ¢*scbse wrth reasonatde xcuracy at any titne the financial positK)n of the chanty a￿1 enatle thgm to pnsure that tl* fin￿81 staternents conwty t1* Charities Act 2011, th• Charity (Accounts Reponsl RegublK)ns 2008 aThJ provisions OT the Governing 0(vJtnenL TW are a*0 respons1ble for Saf￿yar[*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 i￿1r téhalf by Tru￿ee . 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 30￿U￿.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.$67 22,365 Assets r•taln•d for the Charltys own us• EquiFffjent Costs 2,123 2.123 2.123 Unrestnu*J Fw Restr￿ed Fund Total Yo￿un-24 Total 30-Jun-23 LIABILITIES Indeper*1eni EXamI￿r5 Fee 720 720 TRUSTEES RESPONSIBIUTIES IN RELATION TO FINANCIAL STATEMENTS Charity Law requires the Trustees to Wep8￿ fin￿la1 stsleryh￿ts for èxh financd year whth compty with the regulaiions set out in the Charibes Act 2011. The Trustees have elected 10 take a(fvant4E of the provisions that aFpty to small charil*s and havè prepargd a Receipts and PayTnents Acc4yJrn and St*emeni ofAssets and LI8￿rt*S whieh are set out on pag85 7 and & Approved by the Trus￿$ 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