St. Albans City Youth Football Club
Annual Report
and
Financial Statements For The Year Ended 30[th] June 2023
St Albans City Youth Football Club - Registered Charity Number 1089343 www.cityyouthfc.co.uk
St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
CONTENTS
| Page | |
|---|---|
| Independent Examiner’s Report | 2 |
| Trustees’ Report for the Year | 3-5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8-14 |
Page 1
St Albans City Youth Football Club To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
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 2023.
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 ……………….. 28/02/2024 Gary Heywood A.C.A 1 Silk Mill Road Redbourn AL3 7GE
Page 2
St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
Trustees’ Annual Report For the year ended 30th June 2023
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)
I Woods (Secretary) R Baker (Treasurer)
K Hancock
S Kropman L Levy B Pyke G Watts L Wray – resigned 5[th] October 2022 Neil Robinson – appointed 6[th] January 2023 Hester Brierley – appointed 2[nd] March 2023
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 2022/23 had over 1,200 players registered in 88 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 and Sundays throughout the football season. We are delighted with our record number of 30 girls’ teams, as we continue to promote and drive girls’ football.
The Club’s Inclusive Section (aimed at 7 and above) continues to thrive with eight 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. We are extremely grateful to our Inclusive Coordinator, who has developed this Section markedly since coming into post.
Page 3
St Albans City Youth Football Club To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
Trustees’ Annual Report (continued) For the year ended 30th June 2023
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.
The Club has been encouraged to develop its Community Sports activities following the achievement of the highest accreditation from Hertfordshire FA. The Club employs five people. 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. Highlights include all of the community projects we are currently running; including the launch of our new walking football session, as well as a community football session aimed at improving the mental wellbeing of participants.
Our Operations Manager has gone full-time this year, and has implemented a number of improvements across the board, including the migration of our website, as well as one of the most successful Presentation Days to date.
Our Football Development Manager & Assistant Operations Manager 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 five 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. We are also active across social media; on Facebook, Twitter and Instagram.
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
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
Trustees’ Annual Report (continued) For the year ended 30th June 2023
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 2023 the financial statements show a deficit for the financial year of £10,904 (2022 deficit - £6,014). This figure is after allowing for depreciation of the Club assets. The Total Charity Fund stands at £369,432 (2022 – £380,366).
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 30[th] June 2023, our cash reserves were £282,856 (2022 - £263,193)
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.
Digitally signed by Sam Sam Mardle Mardle Date: 2024.02.28 18:14:51 Z
S Mardle – Chair of Trustees 6[th] September 2023
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St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
STATEMENT OF FINANCIAL ACIVITIES
FOR THE YEAR ENDED 30[th] JUNE 2023
| 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 |
2023 £ 344,482 135,617 480,099 394,324 96,679 491,003 (10,904) 380,336 369,432 |
2022 £ 298,644 157,385 456,029 341,109 120,934 462,043 (6,014) 386,350 380,336 |
|---|---|---|
Page 6
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
St Albans City Youth Football Club
BALANCE SHEET AS AT 30[th] JUNE 2023
| Notes 2023 2023 £ £ FIXED ASSETS Licences 8 152,800 CURRENT ASSETS Stocks 9 12,800 Debtors 10 6,825 Cash at bank and in hand 11282,856 302,481 CURRENT LIABILITIES Creditors 12 (85,849) NET CURRENT ASSETS 216,632 NET ASSETS 369,432 REPRESENTED BY THE FUNDS OF THE CHARITY UNRESTRICTED FUNDS TOTAL CHARITY FUNDS 6 369,432 |
2022 £ 12,800 7,010 263,193 283,003 (64,067) |
2022 £ 161,400 218,936 380,336 380,336 |
|---|---|---|
Approved on behalf of the Trustees on
……………………………………… R Baker – Treasurer 6[th] September 2023
Page 7
St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30th JUNE 2023
1) Basis of preparation
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a) Basis of accounting
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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 8
St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2023
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
- i. Licences
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 length of the license 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. Based on these assessments, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and financial statements.
Page 9
St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2023
3. Football teams related income
| Registration fees Sponsorship Grants and donations Presentation day and related income Gift aid |
2023 £ 229,196 33,989 57,740 8,465 15,092 344,482 |
2022 £ 219,791 30,513 27,917 7,228 13,195 298,644 |
|---|---|---|
4. Other activities
| Tea bar Community coaching Soccer camps Six a side Futsal Other fundraising |
Income Expenditure £ £ 3,136 1,006 64,398 55,856 31,002 26,049 15,441 6,358 - - 21,640 7,410 135,617 96,679 |
2023 Total £ 2,130 8,542 4,953 9,083 - 14,230 38,938 |
Income Expenditure £ £ 3,077 573 63,867 64,355 41,092 32,789 29,689 11,758 600 1,390 19,060 10,069 157,385 120,934 |
Income Expenditure £ £ 3,077 573 63,867 64,355 41,092 32,789 29,689 11,758 600 1,390 19,060 10,069 157,385 120,934 |
2022 Total £ 2,504 (488) 8,303 17,931 (790) 8,991 36,451 . |
|---|---|---|---|---|---|
Page 10
St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2023
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 |
2023 £ 41,245 55,757 71,193 21,129 30,686 9,570 18,699 11,437 2,068 3,090 1,983 111,662 2,717 4,488 8,600 394,324 2023 £ 380,336 (10,904) 369,432 |
2022 £ 40,104 51,715 66,123 23,171 22,571 5,695 13,582 7,526 1,736 5,147 1,309 85,948 3,203 4,679 8,600 341,109 2022 £ 386,350 (6,014) 380,336 |
|---|---|---|---|
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.
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To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
St Albans City Youth Football Club
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2023
7. Employees
The average monthly number of persons employed by the Charity was 5 (2022: 4). The aggregate remuneration comprised:
| Salaries Social security costs Pension costs These costs are allocated as follows: Business management and administration Community related activities - coaching |
2023 £ 119,171 4,831 3,040 127,042 2023 £ 111,662 15,380 127,042 |
2022 £ 98,677 3,204 2,637 104,518 2022 £ 85,948 18,570 104,518 |
|---|---|---|
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St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2023
8. Fixed assets – Licenses
| Cost At 01.07.2022 Additions At 30.06.2023 Amortisation At 01.07.2022 Charge for the year At 30.06.2023 Net book value At 30.06.2023 At 30.06.2022 |
Highfield Park £ 98,032 - 98,032 40,032 2,400 42,432 55,200 57,600 |
Nicholas Breakspear £ 110,000 - 110,000 44,000 4,400 48,400 61,600 66,000 |
Samuel Ryder £ 45,000 - 45,000 7,200 1,800 9,000 36,000 37,800 |
Total £ 253,032 - 253,032 91,632 8,600 100,232 152,800 161,400 |
|---|---|---|---|---|
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 |
2023 £ 6,200 3,600 2,000 1,000 12,800 |
2022 £ 6,200 3,600 2,000 1,000 12,800 |
|---|---|---|
The stocks have been identified and revalued to reflect the current position.
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St Albans City Youth Football Club
To Inspire a love for the game Togetherness, Integrity, Opportunity, Development, Enjoyment
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 30th JUNE 2023
10. Debtors
| Other debtors Cash at bank and in hand Bank current account Bank bonds and deposit accounts Creditors Deferred income Accruals |
2023 £ 6,825 2023 £ 251,817 31,039 282,856 2023 £ 55,192 30,657 85,849 |
2022 £ 7,010 2022 £ 232,460 30,733 263,193 2022 £ 43,577 20,490 64,067 |
|---|---|---|
11. Cash at bank and in hand
12. Creditors
13. Trustee remuneration and expenses
No Trustee received any remuneration or benefit in kind during the years ended 30[th] June 2022 or 30[th] June 2023 for their work as a trustee. In the normal course of the Charity’s activities, Trustees 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 2022 or 30[th] June 2023.
15. Capital commitments
In May 2021, 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.
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