2021-05-31-accounts - A.F.C. Corsham

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Trustees’ Annual Report for the period

From 1 June 2020 Period start date To 31 May 2021 Period end date

Charity name: AFC Corsham

Charity registration number: 1085733

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the education of children from 5 to 17 years of age by providing facilities and opportunities for playing football and the provision of training to become referees, coaches, and leaders so as to encourage the physical development of such children.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	AFC Corsham is youth football organisation run solely by volunteers. We are very grateful for their commitment and enthusiasm. Without this group of individuals, who give their time freely, the club would not be able to operate. These volunteers cover activities from administrative support, to first aiders to coaches and more.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The club can confirm the trustees have taken regard to guidance issued by the Charity Commission.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Engagement with the community continues to see record numbers of team sponsorships from local companies, part funding new playing kit. Performance by the teams at all ages, both boys and girls led to success in local cups and leagues. The girl’s teams continue to improve and strengthen in membership. The club now has just under 300 active members across 30 teams. The advent of Covid-19 and it’s impact on grassroots football meant a small part of the season was cancelled. However the club remains in a stable financial position as membership subscriptions are paid at the start of the season. The reserves and cash position leaves the club with no immediate concerns.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity is in surplus at the end of the financial year.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	AFC Corsham retains sufficient reserves at the end of each financial year so as to enable normal operating activities to continue for a reasonable period of time should a short fall in income occur.
Amount of reserves held	Para 1.22	£12,000
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	No concerns

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	The principal source of funds is registration fees and subscriptions in respect of players.
Investment policy and objectives including any social investment policy adopted	Para 1.46	The club does not have any investments.
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution as updated April 2002
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointed by Executive Committee

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	AFC Corsham
Other name the charity uses
Registered charity number	1085733
Charity’s principal address	C/O 84 Pickwick Road, Corsham, SN13 9DB

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	S Bray	Chairman
	C Smith	Secretary
	L Derrick	Treasurer

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Lee Derrick
	Treasurer

	15/02/2022

AFC Corsham

Annual Report for the year ended 31 May 2021 Registered Charity Number: 1085733

AFC Corsham Accounts for the year ended 31 May 2021

Annual Report

A.F.C. Corsham, Leafy Lane, Box, Corsham is registered with the Charity Commission (No. 1085733)

The charity is managed by an executive committee, comprising:

Chairman	-	S Bray
Deputy Chairman	-	J Edmund
Secretary	-	C Smith
Treasurer	-	L Derrick
Child Welfare	-	A Hancock
Other Members	-	A Simpson
		J Corbett
		S Nash
		B Mitchell
		A Bewley

The object of the charity is to advance the education and physical development of children from 5 to 17 years of age by providing the facilities and opportunities to play football and the provision of training to become referees, coaches, and leaders.

The club now has just over 340 active members across 29 teams under all age groups.

Despite the impact of Covid-19 the club remains in a healthy position. The club policy for member subscriptions to be paid in full prior to the new calendar year meant that although training was unable to resume in January through to March this had minimal effect on the financial position reflected in this report. The cancellation of the annual tournament in June 2020 did however lead to a reduction in income.

At the end of the year the unreserved general fund stood at £27,115 (2020, £14,919) which was satisfactory. The reserved fund remains at £12,000.

L A Derrick FCCA, Treasurer

For and on behalf of the Executive Committee.

AFC Corsham Accounts for the year ended 31 May 2021

Statement of financial activities

Unreserved Funds £ 40,448 2,888 - 200 2,080 9	Reserved funds £ - - - - - -	Total 2020 £ 40,358 3,370 540 16,788 2,788 146
45,625	-	63,990
(14,188) (704) (3,618) (5,559) (1,780) - (300) (1,304) 90	- - - - - - - - -	(20,023) (2,588) (2,340) (5,870) (1,689) (520) (11,847) (1,097) (1,255)
(27,363) (1,195) (2,535) (474) (170) (35) (712) (535) (410)	- - - - - - - - -	(47,229) (1,024) (2,400) (544) (285) (37) (538) (240) (1,634)
(6,066) (33,429)	- -	(6,702) (53,931)
12,196	-	10,059

AFC Corsham Accounts for the year ended 31 May 2021

Balance Sheet

alance Sheet
*Fixed assets* 4 *Current assets* Cash & bank 5 Prepayments *Current liabilities* Trade payables Accrued expenses Deferred Income Receipts in advance Total net assets *Represented by:* Unreserved funds Reserved funds 6	2021 2020 £ £ 6,027 3,308 44,689 25,462 1,050 995
	45,739 26,457 (750) - (4,964) - (4,877) (1,773) (2,060) (1,073)
	(12,651) (2,846)
	39,115 26,919
	27,115 14,919 12,000 12,000
	39,115 26,919

Analysis of funds

Funds as at 1st June 2020 Surplus during the year Funds as at 31st May 2021	Unreserved Reserved Total funds Funds 2021 £ £ £ 14,919 12,000 26,919 12,196 - 12,196 27,115 12,000 39,115	Total 2020 £ 16,860 10,059
		26,919

The financial statements were approved by the executive committee on 23[rd] June 2021 and signed on its behalf by

Lee Derrick Treasurer

AFC Corsham Accounts for the year ended 31 May 2021

Notes to the accounts

1 Principal accounting policies

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Going Concern

The Trustees have considered the financial position of the Charity and have concluded they are able to meet their liabilities as they fall due for the foreseeable future. For these purposes the foreseeable future is taken to mean a period of 12 months from the date of approval of these accounts. In coming to this conclusion, the trustees have evaluated the impact of Covid-19 on revenues and expenditure.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Equipment

Equipment is stated at cost less accumulated depreciation. Where parts of an item of equipment have different useful lives, they are accounted for as separate items of equipment.

Depreciation is charged on a straight-line basis over the estimated useful lives of each part of an item of equipment. The estimated useful lives are as follows:

Equipment 5 years

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date.

Deferred grants and contributions

Grants and contributions in respect of specific expenditure on equipment are treated as contract liability and recognised in the Statement of Financial Activities over the expected useful economic lives of the related assets.

Taxation

The charity is exempt from corporation tax on its charitable activities.

AFC Corsham Accounts for the year ended 31 May 2021

1 Principal accounting policies (cont)

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 *Events* Income Expenditure Surplus	Football camps Foreign trips UK trips 2021 2020 £ £ £ £ £ - - - - 540 - - - - (520)
	- - - - 20

3 *Tournament* Income Entry fees Refreshments & food Programmes Other Expenditure Hire of facilities Refreshments & food Referee fees Trophies Other Surplus	2021 2020 £ £ - 4,260 - 6,643 - 4,342 200 1,543
	200 16,788 - (2,289) - (2,522) - (1,780) - (2,278) (300) (2,978)
	(300) (11,847)
	(100) 4,941

The tournament is normally held annually on the 1st weekend of June. Due to Covid-19 the tournament for 2021 will be held in August.

AFC Corsham Accounts for the year ended 31 May 2021

4 *Fixed Assets* Cost Balance at 1 June 2020 Additions Disposals Balance at 31 May 2021 Depreciation Balance at 1 June 2020 Depreciation charge for year Disposals Balance at 31 May 2021 Net Book Value At 31 May 2021 At 31 May 2020 5 *Cash & Bank* Cash in hand Bank accounts	Equipment £ 5,205 4,472 - 9,677 (1,897) (1,753) - (3,650) 6,027 3,308 2021 2020 £ £ 3 3 44,686 25,459
	44,689 25,462

6 Analysis of funds

The Reserved funds are maintained at a sufficient level to enable normal operating activities to continue for a reasonable period of time should a short fall in income occur. At the end of the financial year the fund stood at £12,000

The Unreserved funds are held to meet the objects of the club as previously described.

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended 71 tr1 Charlty no (if any) ltsgr433 Set out on pages I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust"} for the year ended 3 1 0 S ZVLI. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (°th6 Act"). I report in respect of my examination of the Trust's accounts carrled out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)(bl of the Act. Independent examiner's statement u meof I have completed my examination. I confirm that no material matters have come to my attentiori in connection with the examination (tisdes•" which gives me Cause to believe that in. any material respect: the accountlng records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set oul in the Charities (Accounts and Reports) R8gulations 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 prop6r und8rstanding of the accounts to b6 reached. Pl88se delete the words in the brackets if they do not apply. Signed: Date: ZOL Name: Y. A. ilEknJiJ)) Relevant professional qualification{s) or body IcA£w IER Oct 2018

(If any): Address: 0OLHIi) Section B Disclosure Only complete if the examiner needs to highlight material matters of concern {see CC32, Independent examination ol charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018