St. Albans City Youth Football Club
Annual Report
and
Financial Statements For The Year Ended 30[th] June 2021
St Albans City Youth Football Club - Registered Charity Number 1089343
St Albans City Youth Football Club – www.cityyouthfc.co.uk
CONTENTS
| Page | |
|---|---|
| Independent Examiner’s Report | 2 |
| Trustees’ Report for the Year | 3-6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-15 |
Page 1
St Albans City Youth Football Club – www.cityyouthfc.co.uk
INDEPENDENT EXAMINER’S REPORT Report to the Trustees of St Albans City Youth FC (Charity No 1089343)
I report to the Trustees on my examination of the financial statements of the above Charity (“the Trust”) for the year ended 30[th] June 2021.
Responsibilities and basis of report
As the Charity Trustees, you are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s financial statements carried 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 145(5)(b) of the Act.
Independent examiner's statement
The Charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the financial statements did not accord with the accounting records; or
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the financial statements did not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 proper understanding of the financial statements to be reached.
Signed ………………
Date ……………….. Gary Heywood A.C.A 1 Silk Mill Road Redbourn AL3 7GE
Page 2
St Albans City Youth Football Club – www.cityyouthfc.co.uk
Trustees’ Annual Report For the year ended 30th June 2021
St Albans City Youth Football Club (“the Club”) is a registered Charity with registration number 1089343. The Charity was established as an Association by a Constitution dated 4[th] November 2001.
Trustees
The Trustees who served during the year were as follows:
S Mardle (Chairman) A Lawrence (Vice Chairman) I Woods (Secretary) R Baker (Treasurer) A Curran (resigned 9[th] February 2021) K Hancock S Kropman L Levy B Pyke G Savory (resigned 9[th] February 2021) G Watts L Wray
Objectives
The Clubs objectives are:
1. To organise or provide or assist in the organisation or provision of facilities which will enable boys and girls up to the age of 18 years of age (for disability groups 25 years) resident in St Albans and the surrounding area (“the area of benefit”) to play football and organised sport ensuring that due attention is given to the physical, personal and educational development of such boys and girls and to the development and occupation of their minds.
2. To further other charitable purposes, particularly in the area of benefit, as the Executive Committee of the Charity may from time to time decide.
Achievements and performance
The Club has been providing youth football in St Albans since 1971 and for season 2020/21 has well over 1,100 players registered in 78 teams in the age range of 7 - 18 years. The Club continues to provide coaching for approximately 150 boys and girls aged 9 and under on Saturdays throughout the football season.
The clubs Inclusive Section (aimed at 12 to 25 year olds) continues to thrive with four teams playing at various levels during the season. As a Trustee group, we have agreed that our aim within the next year is to provide further support to help this section develop. Players older than 25 are able to join or remain with the group providing they contribute by helping the younger members. During the year, the club appointed a parttime co-ordinator for the Inclusive Section.
Page 3
St Albans City Youth Football Club – www.cityyouthfc.co.uk
Trustees’ Annual Report (continued) For the year ended 30th June 2021
The Club continues to run a number of holiday, after school and weekend activities for the area in partnership with other sports organisations. In addition, we have carried out a number of community projects in partnership with St Albans City FC as part of the National League Trust project.
We offer Player Development Centres, Futsal and Goalkeeper sessions for boys and girls who want additional training from more experienced coaches.
The Club has been encouraged to develop its Community Sports activities following the achievement of the highest accreditation from Hertfordshire FA. Along with the Inclusive Co-Ordinator, the Club employs three full time staff members. Our Commercial Manager has helped grow the commercial activities to levels that we didn’t realise were possible, and we thank him for the effort he has put in. I look forward to watching this grow even more in the next year. Our Football Development Manager & Officer have grown our community activities, presence, and provided support for all of our managers, coaches, parents and players alike. We are all so proud of the work all four employees are doing.
The Club’s numerous footballing achievements and awards can be viewed on our website www.cityyouthfc.com which also gives a wealth of other information concerning the Club Structure, Constitution, Ethos and detailed Community Club Development Plan.
Finally, the Commercial Manager, in partnership with our managers, coaches and parents, has continued to be extremely successful in increasing the number of sponsors and maintaining grant monies that have helped the Charity to achieve its success. This funding has enabled the Club to continue to grow as well as being able to offer a better range of services to the local community at the lowest possible cost to players and parents. During the year, we have been able to secure grants from the National Football League Trust and the Football Foundation. The Trustees would like to express their thanks to these organisations for their support.
Page 4
St Albans City Youth Football Club – www.cityyouthfc.co.uk
Trustees’ Annual Report (continued) For the year ended 30th June 2021
Financial review
The Club has adopted the Charities Statement of Recommended Practice (FRS 102).
The Club’s financial activities are summarised in the attached financial statements.
For the year ended 30[th] June 2021 the financial statements show a surplus for the financial year of £41,033 (2019 - £36,153). This figure is after allowing for depreciation of the Club assets. The Total Charity Fund stands at £386,350 (2019 – 345,317).
The increase in profitability is a result of numerous factors. In particular, the hard work of our Commercial and Football Managers, has driven an increase in Sponsorship Income, Other Fundraising and Community Income. Our thanks go to all of our Sponsors who have continued to support the club in this difficult time.
The policy on reserves is to hold sufficient resources to enable the Club to continue its footballing activities should income and other fundraising activities fall short of expectation. The Trustees determine that, given future likely needs, the minimum cash balance should be £100,000. At 30th June 2021, our cash reserves were £272,844 (2020 - £164,657)
Page 5
St Albans City Youth Football Club – www.cityyouthfc.co.uk
Trustees’ Annual Report (continued) For the year ended 30th June 2021
Contact name and address
Any queries in respect of the financial statements, annual report or the Club’s activities should be addressed to the Chair of Trustees:
Mr. S Mardle 19 Panxworth Road, Hemel Hempstead HP3 9HQ.
S Mardle – Chair of Trustees
12 September 2021
Page 6
St Albans City Youth Football Club – www.cityyouthfc.co.uk
STATEMENT OF FINANCIAL ACIVITIES FOR THE YEAR ENDED 30[th] JUNE 2021
| Notes INCOMING RESOURCES Football teams related income 3 Other activity income 4 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Football teams’ expenditure and management 5 Other activity expenditure 4 TOTAL RESOURCES EXPENDED NET MOVEMENT IN FUNDS FUNDS BROUGHT FORWARD FUNDS CARRIED FORWARD 6 |
2021 £ 253,231 62,328 315,559 223,104 51,422 274,526 41,033 345,317 386,350 |
2020 £ 236,494 47,880 284,374 200,150 48,071 248,221 36,153 309,164 345,317 |
|---|---|---|
Sam Mardle Chair of the Board of Trustees 12th September 2021
Page 7
St Albans City Youth Football Club – www.cityyouthfc.co.uk
BALANCE SHEET
AS AT 30[th] JUNE 2021
| Notes 2021 2021 £ £ FIXED ASSETS Licences 8 170,000 CURRENT ASSETS Stocks 9 12,800 Debtors 10 5,065 Cash at bank and in hand 11272,844 290,709 CURRENT LIABILITIES Creditors 12 (74,359) NET CURRENT ASSETS 216,350 NET ASSETS 386,350 REPRESENTED BY THE FUNDS OF THE CHARITY UNRESTRICTED FUNDS TOTAL CHARITY FUNDS 6 386,350 |
2020 £ 12,800 5,403 164,654 182,860 (16,143) |
2020 £ 178,600 166,717 345,317 345,317 |
|---|---|---|
Approved on behalf of the Trustees on
………………………………………
R Baker – Treasurer 12 September 2021
Page 8
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2021
1) Basis of preparation
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a) Basis of accounting These financial statements have been prepared on the basis of historic cost in accordance with:
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Accounting and Reporting by Charities – Statement of Recommended Practice (FRS 102);
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And with Accounting Standards;
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And with the Charities Act.
The accruals basis has been adopted in the preparation of these financial statements.
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
No changes have been made to financial statements for previous years.
2) Accounting Policies
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a) Incoming Resources
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i. Recognition of incoming resources These are included in the Statement of Financial Activities (SoFA) when:
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the Charity becomes entitled to the resources;
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the Trustees are virtually certain they will receive the resources;
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and the monetary value can be measured with sufficient reliability.
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ii. Incoming resources with related expenditure Where incoming resources have related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
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iii. Grants and donations Grants and donations are only included in the SoFA when the Charity has unconditional entitlement to the resources.
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iv. Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate and when the Trustee are virtually certain they will receive the resources.
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v. Investment income This is included in the financial statements when receivable.
Page 9
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2021
2 Accounting Policies (continued)
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b) Expenditure and Liabilities
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i. Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources and the Charity becomes entitled to the resources;
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ii. Grants with performance conditions Where the Charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
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iii. Grants payable without performance conditions These are only recognised in the financial statements when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the Charity.
c) Assets
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i. Licences
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These are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost or a reasonable value on receipt. Licenses are amortised over the useful life of 25 years on a straight line basis.
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ii. Stocks
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Stock is valued at the lower of cost or net realisable value. The Club maintains a pool of football kit and stocks, which is reviewed annually. Any material change in the cost or net realisable value is accounted for in the SoFA.
d) Going concern
- i. The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Trustees have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and financial statements.
Page 10
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2021
3. Football teams related income
| Registration fees Sponsorship Grants and donations Presentation day and related income Gift aid |
2021 £ 201,764 26,230 20,105 1,561 3,571 253,231 |
2020 £ 187,408 15,072 28,001 442 5,571 236,494 |
|---|---|---|
4. Other activities
| Tea bar Community coaching Soccer camps Other fundraising Coerver coaching Other donations |
Income Expenditure £ £ 1,917 475 37,373 35,294 17,105 13,185 5,933 2,218 - - - 250 62,328 51,422 |
2021 Total Income Expenditure £ £ £ 1,442 - - 2,079 30,288 30,725 3,920 16,652 11,431 3,715 - - - 940 5,865 (250) - 50 10,906 47,880 48,071 |
2021 Total Income Expenditure £ £ £ 1,442 - - 2,079 30,288 30,725 3,920 16,652 11,431 3,715 - - - 940 5,865 (250) - 50 10,906 47,880 48,071 |
2020 Total £ - (437) 5,221 - (4,925) (50) (191) . |
|---|---|---|---|---|
Page 11
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2021
5. Football team expenditure and management
| 6. | Match pitch hire Training pitch hire Players’ kit and equipment Managers expenses Maintenance of pitches and goalposts Safeguarding and coaching courses Presentation day and related expenses League affiliation fees Fines General expenses Insurance Business management and administration Website maintenance Bank charges Amortisation Total Charity funds UNRESTRICTED FUNDS Balance brought forward Movement in the year |
2021 £ 25,878 28,471 46,762 15,561 16,158 1,580 11,118 4,900 391 1,685 1,392 53,075 4,010 3,523 8,600 223,104 2021 £ 345,317 41,033 386,350 |
2020 £ 27,208 36,167 30,075 12,187 13,569 6,967 6,204 7,266 1,102 558 1,322 37,120 4,612 7,193 8,600 200,150 2020 £ 309,164 36,153 347,317 |
|---|---|---|---|
The Trustees consider that the total funds of the Charity form an unrestricted fund in that there is no legal restriction in the application the Fund.
Page 12
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2021
7. Employees
The average monthly number of persons employed by the Charity was 3 (2020: 2). The aggregate remuneration comprised:
| Salaries Social security costs Pension costs These costs are allocated as follows: Business management and administration Community related activities - coaching |
2021 £ 67,738 1,346 2,031 71,115 2021 £ 53,075 18,040 71,115 |
2020 £ 39,450 - 1,064 40,514 2020 £ 33,284 7,230 40,514 |
|---|---|---|
Included within Business management and administration costs above is £1,244 of furlough income.
Page 13
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2021
8. Fixed assets – Licenses
| Cost At 01.07.2020 Additions At 30.06.2021 Amortisation At 01.07.2020 Charge for the year At 30.06.2021 Net book value At 30.06.2021 At 30.06.2020 |
Highfield Park £ 98,032 - 98,032 35,632 2,400 38,032 60,000 62,400 |
Nicholas Breakspear £ 110,000 - 110,000 35,200 4,400 39,600 70,400 74,800 |
Samuel Ryder £ 45,000 - 45,000 3,600 1,800 5,400 39,600 41,400 |
Total £ 253,032 - 253,032 74,432 8,600 83,032 170,000 178,600 |
|---|---|---|---|---|
The licences, for the use of the football pitches and training facilities, are being written off in equal annual instalments over the length of the agreement.
9. Stocks
| Football kits Samba goals and parts Defibrillators Stored equipment |
2021 £ 6,200 3,600 2,000 1,000 12,800 |
2020 £ 6,200 3,600 2,000 1,000 12,800 |
|---|---|---|
The stocks have been identified and revalued to reflect the current position.
Page 14
St Albans City Youth Football Club – www.cityyouthfc.co.uk
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2021
| 10. 11. **12. ** |
Debtors Other debtors Cash at bank and in hand Bank current account Bank bonds and deposit accounts Creditors Deferred income Accruals |
2021 £ 5,065 2021 £ 242,131 30,713 272,844 2021 £ 40,500 33,859 74,359 |
2020 £ 5,403 2020 £ 80,625 84,032 164,657 2020 £ 11,010 5,133 16,143 |
|---|---|---|---|
13. Trustee remuneration and expenses
No Trustee received any remuneration or benefit in kind during the years ended 30[th] June 2020 or 30[th] June 2021. In the normal course of the Charity’s activities, Trustees and members of the management committee were reimbursed for expenses that they incurred on behalf of the Club.
14. Independent Examiner’s remuneration
The Independent Examiner received no remuneration during the years ended 30[th] June 2020 or 30[th] June 2021.
15. Capital commitments
During the year the Club, in partnership with the Football Foundation, committed to a 6-year pitch improvement program. The total costs of the programme will be £152,424. The Club is expending these costs on a straight line basis over the course of the project. The Football Foundation has agreed to fund £66,200 towards the cost of these improvements.
Page 15