2022-05-31-accounts

Trustees’ Annual Report for the period

From 1 June 2021 Period start date To 31 May 2022 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
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
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	The club continues to encourage new players to improve their football skills whilst having fun. It helps to develop the local talent and confidence of players, regardless of where each player is from. It also helps to promote diversity and reduces the likelihood of discrimination, sexism, and racism. Along with technical skills, the club teaches players about the importance of friendship, camaraderie, and teamwork. Even adults involved the club get a chance to develop their coaching, fundraising, and researching skills. This continues to be reflected in the club membership which has been increasing year on year.

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 remains 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

Details of fund materially in deficit Para 1.24 Explanation of any uncertainties about the charity continuing as a going concern Para 1.23	Details of fund materially in deficit Para 1.24 Explanation of any uncertainties about the charity continuing as a going concern Para 1.23	N/A No concerns
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

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	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
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(if any)
	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) Lee Derrick Position (eg Secretary, Treasurer Chair, etc) Date 05/02/2023

AFC Corsham Annual Report for the year ended 31 May 2022 Registered Charity Number: 1085733

AFC Corsham Accounts for the year ended 31 May 2022

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
		K Pickering

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 400 active members across 30 teams under all age groups.

The 2021/22 season was always anticipated to be a period of investment for the club following the return to football after Covid-19. This is reflected in both the significant asset purchases in part funded through grant awards and more than doubling of spend on playing kit. 2021/22 also saw the return of the annual tournament which contributed a profit despite being held later in the year. Membership levels increased which allowed for the creation of additional teams or meant waiting lists appearing. The season also saw the return of various organised trips to local and national games. The club therefore remains in a healthy position.

At the end of the year the unreserved general fund stood at £25,665 (2021, £27,115) which was satisfactory. The reserved fund remains at £12,000.

L A Derrick FCCA, Treasurer

For and on behalf of the Executive Committee.

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AFC Corsham Accounts for the year ended 31 May 2022

Statement of financial activities

Note Income Memberships Sponsorship Events & Fundraising 2 Tournament 3 Other (incl. Gift Aid) Interest Total income Expenditure Operational costs Hire of facilities Entries & affiliations Equipment Playing kit Trophies & presentations Events 2 Tournament 3 Referee fees & fines Courses & training Total operational costs Overhead costs Collection fees Honorarium Insurance Legal fees & verifications Bank charges Depreciation & amortisation Web services Other costs Total overhead costs Total expenditure (Deficit)/surplus of income over expenditure	Unreserved Reserved Total Total Funds funds 2022 2021 £ £ £ £ 55,493 - 55,493 40,448 8,831 - 8,831 2,888 9,953 - 9,953 - 15,229 - 15,229 200 3,516 - 3,516 2,080 6 - 6 9
	93,028 - 93,028 45,625
	(33,795) - (33,795) (14,188) (2,906) - (2,906) (704) (4,705) - (4,705) (3,618) (14,150) - (14,150) (5,559) (2,338) - (2,338) (1,780) (9,664) - (9,664) - (11,915) - (11,915) (300) (2,831) - (2,831) (1,304) (3,440) - (3,440) 90
	(85,744) - (85,744) (27,363) (1,514) - (1,514) (1,195) (2,580) - (2,580) (2,535) (498) - (498) (474) (420) - (420) (170) (104) - (104) (35) (1,050) - (1,050) (712) (841) - (841) (535) (1,727) - (1,727) (410)
	(8,734) - (8,734) (6,066) (94,478) - (94,478) (33,429)
	(1,450) - (1,450) 12,196

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AFC Corsham Accounts for the year ended 31 May 2022

Balance Sheet

alance Sheet
Fixed assets 4 Current assets Cash & bank 5 Trade debtors Prepayments Current liabilities Trade payables Accrued expenses Deferred Income Receipts in advance Total net assets Represented by: Unreserved funds Reserved funds 6	2022 2021 £ £ 11,109 6,027 50,527 44,689 500 - 2,710 1,050
	53,737 45,739 (256) (750) (11,692) (4,964) (7,239) (4,877) (7,994) (2,060)
	(27,181) (12,651)
	37,665 39,115
	25,665 27,115 12,000 12,000
	37,665 39,115

Analysis of funds

Funds as at 1st June 2021 (Deficit)/surplus during the year Funds as at 31st May 2022	Unreserved Reserved Total funds Funds 2022 £ £ £ 27,115 12,000 39,115 (1,450) - (1,450) 25,665 12,000 37,665	Total 2021 £ 26,919 12,196
		39,115

The financial statements were approved by the executive committee on 22 June 2022 and signed on its behalf by

Lee Derrick Treasurer

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AFC Corsham Accounts for the year ended 31 May 2022

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 the ongoing economic uncertainties 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 3-5 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.

5

AFC Corsham Accounts for the year ended 31 May 2022

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 2022 2021 £ £ £ £ £ - - 9,953 9,953 - - - (9,664) (9,664) -
	- - 289 289 -

3 Tournament Income Entry fees Refreshments & food Programmes Other Expenditure Hire of equipment & facilities Refreshments & food Referee fees Trophies Other Surplus	2022 2021 £ £ 5,760 - 5,526 - 3,425 - 518 200
	15,229 200 (2,911) - (2,697) - (2,150) - (2,105) - (2,052) (300)
	(11,915) (300)
	3,314 (100)

The tournament is normally held annually on the 1st weekend of June. Due to Covid-19 the tournament for 2021 was held in August 2021 and is therefore reflected in the current year figures.

6

AFC Corsham Accounts for the year ended 31 May 2022

4 Fixed Assets Cost Balance at 1 June 2021 Additions Disposals Balance at 31 May 2022 Depreciation Balance at 1 June 2021 Depreciation charge for year Disposals Balance at 31 May 2022 Net Book Value At 31 May 2022 At 31 May 2021 5 Cash & Bank Cash in hand Bank accounts	Equipment £ 9,677 7,827 - 17,504 (3,650) (2,745) - (6,395) 11,109 6,027 2022 2021 £ £ 68 3 50,459 44,686
	50,527 44,689

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

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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 A FL Loos¥¥AM On accounts for the year ended 31 202V- Charity no {if any) Set out on pages 3Th7 I report to the truslees on my examination of the accounts of the above charity I'the Trust") for the year ended 31 os 20LW-. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of Ihe Charities Act 2011 {"the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14515}(b) of the Act. I have completed my examination. I confimi that no material matters h8ve come to my attention (other than that disclosed below'} in connection with the examination which gives me cause to believe that in. any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts lo be reached. Please delgte the words in the brackets if they do not apply. Signed: Date: 2LI Name: Relevanl professional qualificationls) or body (if any): FLA Address: o(t4119 ¢IVb- JT fld 273 IER October 2018

Section B Disclosure Only complete if the examiner needs to highlight matters of concern (see CC32. Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER October 2018