REDHOUSE FARM JUNIOR FOOTBALL CLUB TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2024 CHARITY NUMBER 1103025
REDHOUSE FARM JUNIOR FOOTBALL CLUB Contents Page Legal and administrative information Report of the Trustees Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-12
REDHOUSE FARM JUNIOR FOOTBALL CLUB Legal and Administrative Information Charity number.. 1103025 Principal Address: 18 Ravensworth Court Kingston Park Newcastle upon Tyne NE3 2YG Bankers: Santander Bridle Road Bootle Merseyside GIR OAA Independent Examiner., John Oswald BA FCA Stephenson Coates Audit Limited Chartered Accountants West 2 Asama Court Newcastle Business Park Newcastle upon Tyne NE47YD Solicitors: Sintons LLP The Cube Barrack Road Newcastle upon Tyne NE4 6BD Trustees: MrJBMann Mrs M Smith Mrcj Mann Mrs LJ Gardiner MrA M Whaling Mr M Gardiner Mr AJ Steinmetz Mrs C Devlin-smith (resigned 18 June 2024) Mr M D Woodall {appointed 4 July 2024) Mr T J McHanwell (appointed 4 July 20241 (Chairperson) (Treasurer) (Secretary)
REDHOUSE FARM JUNIOR FOOTBALL CLUB REPORT OF THE TRUSTEES The trustees present their report and the financial statements of the charity for the year ended 30th June 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity's constitution and applicable law. Structure, governance and management Governin Document Redhouse Farm Junior Football Club wa5 established by it5 constitution adopted on 8th March 2004. It is a registered charity with the Charity Commission. number 1103025. ointment and retirement of Trustees The number and skills of trustees is regularly reviewed and any gap5 identified. Existing trustees then approach suitable candidates who are invited to attend meetings, initially as observers. before being formally invited to join the committee following discussion and references. The power of appointment and retirement of trustees is vested in the Committee of Trustees. Trustee induttion and trainin Trustees are given a brief history of Redhouse Farm Junior Football Club and are encouraged to become involved in activities. All members receive Charity Commission publications in order to keep them up to date with their role and responsibilities. anisation The charity is organised so that the trustee5 meet regularly to review its affairs and set objectives with the chairperson being responsible for day to day activities. Risk mana ement The trustees have agreed to examine. on an annual basis. the rnajor risks being faced by the charity. These risk5 include financial, operational and re8ulatory. Systems are in place to minimise the risk5, including preparation of regular financial report5, maintenance of insurance and management reviews. These systems are reviewed periodically to ensure the needs of the charity are being met. The Charity comply with the requirement to conduct DBS check5 on trustees and volunteers.
Objectives and activities The objectives of the Charity are-_ To help and educate young people through their leisure time activitie5,- To foster p051tive identification with the local community. and - To encourage co-operation, teamwork and tolerance. The trustees are satisfied that the objectives and activities of the charity are in accord with the Charity Commission guidance on public benefit. Achlevements and performance There is a surplus in unrestricted funds for the year of £3.86812023-. deficit £13,510) and the level of free reserves at 30 June 2024 stood at £77,82612023-. £66,003). The Trustees intended to work towards increasing free reserves through fundraising events in 2024125. Financial Revlew The results for the year are set out on page 6. This season subscriptions were increased by a small amount from £165 for a first childlteam to £166.50 and £105 to £108 for a second team or siblin8s. This was necessary due to the rising costs of pitch hire, particularly as we needed to hire more pitches at Druid Park to get games played due to the very wet weather experienced causing our field to be out of action. We were still able to offer help with subscriptions to those who needed it. The 51tuation remains the same with our Management System but we are hoping to upgrade to level 2 in the near future. in the hope that this will rectify the problems we have experienced. From October 2023, The Owl Tree Child ceased to hire our premises. They have moved to more suitable premises for their needs. They will be sorely missed but as a consequence the electricity bill has come down significantly. We received a much appreciated donation from Nestle Ltd for £400 which could be spent on anything we needed. We also obtained a grant of £19.840.00 from the Football Foundation to be Spent on pitch maintenance. Thi5 15 much needed as the pitches have been neRlected in recent years by the council. Investment oli The trustees have considered the most appropriate policy for investing cash resources and have decided that term bank deposit accounts meet their requirements of a reasonable rate of return. without capital risk, and with predictable accessibility to the fund5. The trustee5 review this policy annuallv. Reserves The trustees consider that a sensible level of free reserves that the charity needs to hold (those reserves not invested in fixed assets or designated for a particular purposel should equate to Six months of operating expenditure. as is quite normal in other concerns. This policy would therefore indicate a level of £57,000. Free reserve5 at 30 June 2024 are £81,076.
Plans for future periods We are still working on our maintenance plan for the building and grounds and are seeking grants for the refurbishment of the buildinE. Due to the ever wetter weather affecting our pitches we have been able to start work on them using a professional company to carry out the maintenance required. This has been possible due to the grant we received from The Football Foundation. The maintenance will be ongoing during the coming season and we are now ready to apply for the second stage of funding. It is still our goal to obtain a 4G pitch with floodlights and we are in talks with the council to obtain the lease of the land so that this project can go ahead. If this goes ahead it could save us more than £13,000 currently spent on winter training. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kin8dorn Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of state of affairs of the charity and of the incorning resources and application of resources of the charity for that year. In preparing these financial Statements the trustee5 are required to.. select suitable accounting policies and apply them consistently,. make judgements and estimates that are reasonable and prudent,. state whether or not the financial statements have been prepared in accordance with prepare the financial statements on the going concern basis unless it is inappropriate to presume the Trust will continue its activities. The Trustees are required to act in accordance with the Trust Deed and the rules of the Trust within the framework of trust law. They are responsible for keeping accounting records which are sufficient to show and explain the Trust's transactions and to disclose with reasonable accuracy at any time the financial position of the Trust, and to enable them to ensure that any statements of account comply with the requirements of the Charities Act 2011 and the Charity (Accounts and Reports) Regulation5 2008. They have general responsibility for taking such step5 as are reasonably open to them to safeguard the assets of the Trust and to prevent and detect fraud and other irregularities. This report was approved by the trustees on 12 March 2025 and signed on their behalf by -_ CJ Mann Secretary
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF REDHOUSE FARM JUNIOR FOOTBALL CLUB I report to the Trustees on my examination of the financial statements of the above charity for the year ended 30 June 2024, which are set out on pages 6 to 12. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011{'the Act,). You consider that the audit requirements of section 144 of the 2011 Act do not apply and that an independent examination is required. Having satisfied myself that the financial statements are not required to be audited, I report in respect of my examination of the financial statements carried out under section 145 of the 2011 Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examinerfs statement I confirm that l am qualified to undertake the examination because l am a 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 giving me cause to believe that in any material respect.. {1) accounting records were not kept in respect of the charity as required by section 130 of the Act,. or 12} the financial statements do not accord with those records- or {31 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which 15 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 accounts to be reached. 4JC4 John Oswald BA FCA Stephenson Coates Audit Limited Chartered Accountants West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD 12 March 2025
REDHOUSE FARM JUNIOR FOOTBALL CLUB STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 June 2024 Unrestrlcted funds 2024 Restricted funds 2024 Notes Total funds 2024 Total funds 2023 Analysis of Income Donations Grants Fundraising Interest received Charitable activities 2(a) 400 23,058 1,445 481 92,908 400 900 23,058 1,445 481 92,908 3,798 170 95,450 Total income 118,292 118,292 100,318 Analysis of Expenditure Fundraising Costs Depreciation Other costs 5,910 7,955 100,559 5,910 29,074 100,559 6,811 30,095 98,041 21,119 Total expendlture 114,424 21,119 135,543 134,947 Net income/(expenditure) 3,868 (21.1191 117,2511 134,629) Transfer5 between funds 12 Total funds brought fonvard 99,322 211,193 310,515 345,144 Total funds carried forward 103,190 190,074 293,264 310,515 The notes on pages 8 to 12 form part of these financial statements
REDHOUSE FARM JUNIOR FOOTBALL CLUB Balance sheet As at 30 June 2024 Notes 2024 2023 Fixed Assets Tangible assets 215,438 244,512 Current Assets Debtors Short term deposits Cash at bank and in hand 408 47,528 34,082 82,018 467 47,048 19,382 66,897 Creditors: due withln one year io {4, 1921 (894) Net current assets 77,826 66,003 Net Assets 293,264 310,515 Funds Unrestricted Restricted 12 12 103,190 190,074 99,322 211,193 293,264 310,515 These accounts were approved by the trustees on 12 March 2025 and were signed on their behalf by.. MrJBMa The notes on pages 8 to 12 form part of these financial statements
REDHOUSE FARM JUNIOR FOOTBALL CLUB Notes to the financial statements for the year ended 30 June 2024 Accounting policies 1.1 Accounting convention The Charity constitutes a public benefit entity as defined by FRS 102. The accounts (financial 5tatementsl have been prepared under the hlstorical cost convention with items recogni5ed at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and with the Charities Act 2011. The financlal statements are presented in Sterling which is the functional currency of the Charity and rounded to the nearest £. 1.2 Tangible fixed assets and depreciatlon Trangible fixed assets are stated at cost. Depreciation is provided at rates calcvlated to write off the cot less residual value of each asset over its expected useful life as follows- Long leasehold building Other fixed assets Over the term of the lease IO% Straight line basls 1.3 Income Grants and donations Donation5- are accounted for as received by the Charity. Grants- are accounted for when receivable by the Charity. Other trading activities Fundraising- accounted for in the period in which the relevant activitie5 take plate. Investments Investments- Interest is included when receivable by the Charity. 1.4 Expenditure Charitable activities- The cost of charitable activitie5 represents the c05t of undertaking the Charity's objertives. All expenditure is accounted for on an accrua15 basis. Liabilities are recognised a5 expenditure as 500n as there is a legal or construrtive obligation committing the Chadty 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. Value added tax 15 not recoverable by the Charity and as such It is included in the relevant Costs In the Statement of Financlal Activities. 1.5 Fundln8 Accounting Funds held by the Charity are either:_ Unrestricted funds- these are funds which can be used in accorance with the charitable objects at the discretion of the Trustee5. Restricted funds- these are the fund5 that can only be used for a particular restricted purpose within the objects of the Charity. Restrictions arise when specified by the donor, or when funds are raised for particular purposes.
REDHOUSE FARM JUNIOR FOOTBALL CLUB Notes to the financial statement5 (continued) for the year ended 30 June 2024 Grants Unrestricted funds 2024 Restrlcted funds 2024 Total Funds 2024 2023 Grants 23,058 23,058 23,058 23,058 2.a Donations Unrestricted funds 2024 Restricted funds 2024 Total Fund$ 2024 2023 Sundry 400 400 900 400 400 900 Fundraising 2024 2023 Club lottery Presentation Sale of hats 171 1,274 2,460 1,308 30 1,445 3,798 Incoming resources from charitable activities Unrestricted funds 2024 Restrlcted funds 2024 Total Funds 2024 2023 Fines reimbursed Hire of facilities Sponsorship Subscriptions Sundries 72 3.055 19.707 68.646 1.428 72 3,055 19.707 68,646 1,428 421 8,185 17,613 69,231 92,908 92.908 95,450 Fundraising costs 2024 2023 Lottery tickets Presentstion 276 5,634 309 6,502 5.910 6.811
REDHOUSE FARM JUNIOR FOOTBALL CLUB Note5 to the flnancial statements Icontinuedl for the year ended 30 June 2024 Charitable activities Unrestricted funds 2024 Restricted funds 2024 Total Funds 2024 2023 Independent examiner's fees Admin fees Bad debts Clubhouse running costs Coaching Courses DBS Donations Fee5- League, tup and affiliates Fees- Referees, senior team Fines and Appeals Insurance- players Insurance- buildings Maintenance New sports equipment New strips, kit and ties Oflice expenses Pitch hire Rates Repair5 Subscriptions refunded Sun¢Jry expenses Team funds refunded Tournaments Training costs Transfers Trophles and engraving Website fees 942 2,010 377 12,732 1,225 2,710 240 I,iio 10,517 942 2,010 377 12,732 1,225 2,710 240 I,iio 10,517 965 1,885 15.771 2.905 2.000 320 400 7,575 239 1,023 677 1.922 1,486 2,244 33.063 251 593 593 1,977 12,032 9,990 7,855 309 9,790 175 294 636 1.988 1.240 1.065 13.470 50 6.870 362 1.977 12,032 9,990 7.855 309 9.790 175 294 179 2,970 1,150 240 636 1,988 1.240 1,065 13.470 50 6,870 362 625 12,000 60 7,704 387 100,559 100.559 98,041 Staff costs There were no employees during the year and there was no remuneration paid. io
REDHOUSE FARM JUNIOR FOOTBALL CLUB Notes to the flnan¢ial statements (continued) for the year ended 30 June 2024 Tangible fixed assets Lon8 leasehold building Other Total assets Cost As at l July 2023 598,437 61,576 660,013 As at 30 June 2024 598,437 61,576 660,013 Depreciation As at l July 2023 359.062 56,439 415,501 Charge for year 23.937 5,137 29,074 As at 30 June 2024 382,999 61,576 444,575 Net Book Value As at 30 June 2024 215,438 215,438 As at 30 June 2023 239,375 5,137 244.512 Debtors 2024 2023 Trade debtors 408 408 467 467 10 Creditors- Amounts falling due within one year 2024 2023 Other creditor5 Accruals 3,250 942 4,192 894 894 11 Analysis of net assets between funds Unrestrlcted funds 2024 Restrirted funds 2024 Total Funds Z024 2023 Fixed assets Net current assets 25,364 77,826 190,074 215.438 244,512 77,826 66,003 103.190 190,074 293,264 310,515 li
REDHOUSE FARM JUNIOR FOOTBALL CLUB Notes to the flnancial statements Icontinuedl for the year ended 30 June 2024 IZ Movements in funds Balance Transfers between at 30 June funds 2024 Balance at l July 2023 Net movement in funds Year ended 30 June 2024 Unre5trlrted tunds General fund 99,322 3,868 103,190 Restricted Funds Clubhouse Construction 211,193 121,1191 190,074 Total 310,515 117.2511 293,264 Balance Transfers between at 30 June funds 2023 Balance at l July 2022 Net movement In funds Year ended 30 June 2023 Unrestricted funds General fund 112,832 113,5101 99.322 Restritted Funds Clubhouse Construction 232,312 121,1191 211.193 Total 345.144 134,6291 310,515 13 Trustees, remuneration arhd benefits No remuneration directly or indirectly was paid or payable out of funds of the Charity for the year to any Trustee or any person or persons known to be connected with any of them. 14 Trustees, expenses No trustee expense5 have been incurred. 15 Transartions with related partles There have been no related party transactions in the reporting period. 12