Company registration number: 04433014 Charity registration number: 1093891
Fairford Town Youth Football Club
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 May 2024
Fairford Town Youth Football Club
Contents
| Trustees’ Report | 1to2 |
|---|---|
| Independent Examiner's Report | 3 |
| Statement ofFinancial Activities | 4 |
| Balance Sheet | 5 |
| NotestotheFinancialStatements | 6to9 |
Fairford Town Youth Football Club
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors! report of the charitable company for the ycar ended 31 May 2024.
Objectives and activities
Objects and aims
The company is a charity limited by guarantee that was set up to provide football coaching to children in the Fairford area. All coaching is carried out by trained volunteers. Members of the club pay subscriptions to play matches and receive coaching. Other funds are raised through a tournament that takes place each year and from donations from local councils, businesses and individuals.
All those involved in the management of the club, coaching and the day to day administration are volunteers. The principal activity of the company is running of a football club as a registered charity to benefit the young people of Fairford and surrounding areas.
Fundraising disclosures
Funds are also raised from time to time from renting out camping and parking spaces at the club. All income raised is spent on improvements and football activities for the children of Fairford either for pitch maintenance, coaching or new equipment. This is discussed and agreed through regular committee meetings.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Reference and Administrative Details
Charity Registration Number: 1093891
Company Registration Number: 04433014
The charity is incorporated in England.
Registered Office:
Fairford Town Youth Football Club The Playing Field Horcott Road Fairford Gloucestershire GL7 4DD
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
Adam Sloman, Trustee (appointed 20 January 2024) Ross Daniel Jason Winter
Page 1
Chairman:
Adam Sloman, Trustee (appointed 20 January 2024) Other Officers:
Kayla Jolly, Director (resigned 20 January 2024)
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Fairford Town Youth Football Club
Trustees’ Report
Structure, governance and management
The company is also a charity registered with the charities commission and is run by the directors, trustees and other trained staff in accordance with the memorandum and articles filed at Companies House. None of the directors, trustees or other coaches are paid in any way. Where costs are incurred these are reimbursed by the company.
Statement of trustees’ responsibilities
The trustees (who are also the directors of Fairford Town Youth Football Club for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs ofthe charitable company and of the incoming resources and application of resources, including its income and expenditure, ofthe charitable company for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently;
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¢ observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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° state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small companies provision statement
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
The annual report was approved by the trustees of the charity on Ae 06 25nd signed on its behalf by:
Ross Daniel Trustee
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Fairford Town Youth Football Club
Independent Examiner's Report to the trustees of Fairford Town Youth Football Club (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination ofyour charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examinationI have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of Fairford Town Youth Football Club as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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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 accounts to be reached.
Kl CALA Fe CEs >
Date: 25/02/2025
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Fairford Town Youth Football Club
Statement of Financial Activities for the Year Ended 31 May 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2024 | ||||
| Note | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Charitable activities | 64,241 | 5,582 | 69,823 | |||
| Total Income | _ | 64,241 | 5,582 | 69,823 | ||
| Expenditure on: | ||||||
| Charitable activities | (68,053) | - | (68,053) | |||
| TotalExpenditure | (68,053) | - | (68,053) | |||
| Net (expenditure)/income | (3,812) | 5,582 | 1,770 | |||
| Netmovement in funds | (3,812) | 5,582 | 1,770 | |||
| Reconciliation of funds | ||||||
| Total funds broughtforward | 2189021890 | |||||
| Total funds carriedforward | 7 | 118,078 | 5,582 | 123,660 | ||
| Unrestricted | Total | |||||
| funds | 2023 | |||||
| Note | £ | £ | ||||
| Income and Endowments from: | ||||||
| Charitable activities | 37,433 | 37,433 | ||||
| Total income | 37,433 | 37,433 | ||||
| Expenditure on: | ||||||
| Charitable activities | (54,701) | (54,701) | ||||
| Total expenditure | (54,701) | (54,701) | ||||
| Net expenditure | (17,268) | (17,268) | ||||
| Netmovement in funds | (17,268) | (17,268) | ||||
| Reconciliation of funds | ||||||
| Total funds brought forward | 139,158 | 139,158 | ||||
| Totalfundscarriedforward | 7 | 121,890 | 121,890 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 7.
Page 4
Fairford Town Youth Football Club
(Registration number: 04433014) Balance Sheet as at 31 May 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 3 | 103,716 | 107,479 |
| Current assets | |||
| Debtors | 4 | . | 1,630 |
| Cash atbank and inhand | 5 | 23,474 | 18,651 |
| 23,474 | 20,281 | ||
| Creditors: Amounts falling due within oneyear | 6 | (3,530) | (5,870) |
| Net current assets | 19,944 | 14,411 | |
| Net assets | 123,660 | 121,890 | |
| Funds ofthe charity: | |||
| Restricted income funds | |||
| Restricted funds | 5,582 | = | |
| Unrestricted income funds | |||
| Unrestricted funds | 118,078 | 121,890 | |
| Totalfunds | 7 | 123,660 | 121,890 |
For the financial year ending 31 May 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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¢ The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements on pages 4 to 9 were approved by the trustees, and authorised for issue on ..2@...0.% > 237 and signed on their behalf by:
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Po —_— ; —~
~ Ross Daniel
Trustee
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Fairford Town Youth Football Club
Notes to the Financial Statements for the Year Ended 31 May 2024
1 Charity status
The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The address of its registered office is:
Fairford Town Youth Football Club
The Playing Field Horcott Road Fairford Gloucestershire GL7 4DD
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Fairford Town Youth Football Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
Grants receivable
Grants received in the year are recognised in the accounts when the funds are received.
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Fairford Town Youth Football Club
Notes to the Financial Statements for the Year Ended 31 May 2024
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Fixed assets are held at historical cost, valuations have not been carried out. The market value is at least equal to or exceeding cost in the opinion of the Directors/Trustees.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life.
Asset class Depreciation method and rate Land and buildings 2% per annum
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
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Fairford Town Youth Football Club
Notes to the Financial Statements for the Year Ended 31 May 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
3 Tangible fixed assets
| 3 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Land | and | Furniture | and | |||
| buildings | equipment | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At | 1 June 2023 | 188,199 | 2,207 | 190,406 | ||
| At | 31 May2024 | 188,199 | 2,207 | 190,406 | ||
| Depreciation | ||||||
| At | 1 June 2023 | 80,720 | 2,207 | 82,927 | ||
| Charge forthe year | 3,763 | - | 3,763 | |||
| At | 31 May2024 | 84,483 | 2,207 | 86,690 | ||
| Net book value | ||||||
| At | 31 May 2024 | 103,716 | - | 103,716 | ||
| At | 31 May2023 | 107,479 | : | 107,479 | ||
| 4 | Debtors | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Prepayments | - | 1,630 |
5 Cash and cash equivalents
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Fairford Town Youth Football Club
Notes to the Financial Statements for the Year Ended 31 May 2024
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2024 2023
£ £
Cash at bank 23,135 18,312
Short-term deposits 339 339
23,474 18,651
6 Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 3,180 5,570
Accruals 350 300
_ 3,530 5,870
7 Funds
Balance at 1 June Incoming Resources Balance at 31
2023 resources expended May 2024
£ £ £ £
Unrestricted funds
General 121,890 64,241 (68,053) 118,078
Restricted funds “ 5,582 - 5,582
Total funds 121,890 69,823 (68,053) 123,660
Balance at 1 June Incoming Resources Balance at 31
2022 resources expended May 2023
£ £ £ £
Unrestricted funds
General ____ 139,158 37.4335 4,701) 121,890
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Fairford Town Youth Football Club
Detailed Statement of Financial Activities for the Year Ended 31 May 2024
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|||||||
|---|---|---|---|---|---|
|Total|Total|
|2024|2023|
|£|£|
|Income|and|Endowments|from:|
|Charitable|activities|(analysed|below)|69,823|37,433|
|Total|income|69,823|37,433|
|Expenditure|on:|
|Charitable|activities|(analysed|below)|(68,053)|__(4,701)|
|Total|expenditure|(68,053)|(54,701)|
|Net income/(expenditure)|1,770|(17,268)|
|Net movement|in funds|1,770|(17,268)|
|Reconciliation|of funds|
|Total|funds|brought forward|121,890|139,158|
|Total|funds|carried forward|123,660|121,890|
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This page does not form part of the statutory financial statements. Page 10
Fairford Town Youth Football Club
Detailed Statement of Financial Activities for the Year Ended 31 May 2024
| Total | Total | Total | |
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Charitable activities | |||
| Match& Registration Fees | 56,054 | 18,980 | |
| Sponsorship anddonations | 3,466 | 6,395 | |
| Bore Hole Grant | 5,582 | 4 | |
| Support from local councils | - | 500 | |
| Income from catering andother sales | 4,721 | ——_—‘11,558 | |
| 69,823 | ___ | 37,433 | |
| Charitable activities | |||
| Sponsorship paidonto teams | (378) | (3,867) | |
| Costofkit, events and catering | (18,736) | (13,553) | |
| Pitch costs | (5,685) | (12,115) | |
| League registration | (3,380) | (1,950) | |
| Stafftraining | (738) | (725) | |
| Pitch rental | (5,924) | (285) | |
| Rates | (52) | (109) | |
| Light, heatandpower | (4,756) | (2,460) | |
| Repairs andmaintenance | (7,284) | (14,043) | |
| Depreciation ofproperty | (3,763) | (3,763) | |
| Insurance | (210) | (402) | |
| Waste collection | (606) | (392) | |
| Equipmentrepairs andrenewals | (8,785) | (613) | |
| Sundry | (1,374) | (37) | |
| Repairs andrenewals | (4,261) | - | |
| Printing, postage and stationery | - | (25) | |
| Advertising | (1,667) | - | |
| Accountancy fees | (350) | (300) | |
| Bank charges | (104) | (62) | |
| (68,053) | (54,701) |
This page does not form part of the statutory financial statements. Page 11