TRUSTEES REPORT * gC AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
for Brentford FC Community Sports Trust
Registered Company Number: 05602833 (England and Wales). Registered Charity Number: 1112784 BRENTFORD FC COMMUNITY SPORTS TRUSTRegsitered Address: Underwood House, 1A Thomas Layton Way,Brentford,TW8 0SB TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024 1
Contents
| Brentford FC Community Sports Trust | 3 |
|---|---|
| Message from the Chief Executive | 4-5 |
| The Year at a Glance | 6 |
| Trustees Report | |
| Achievement and Performance | 7-9 |
| Levels of Engagement Comparison | 10 |
| Review of Activities | 11-19 |
| Financial Review | 20 |
| Reserves Policy | 21 |
| Structure, Governance and Management | 22 |
| Statement of Trustees Responsiilities | 23 |
| Report of Independent Auditors | 24-26 |
| Statement of Financial Activities | 27 |
| Balance Sheet | 28 |
| Cash Flow Statement | 29 |
| Notes to the Cash Flow Statement | 30 |
| Notes to the Financial Statements | 31-43 |
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Brentford FC Community Sports Trust
Brentford FC Community Sports Trust is an independent charity which operates in partnership with Brentford Football Club and a range of other local, regional and national organisations. We use the power of sport and education to inspire people, raise the aspirations of our local community, develop community facilities, and to give local people the confidence and skills to reach their full potential.
Working together with our partner organisations, we are committed to making a positive impact on people’s lives and creating significant benefits to the communities we serve. Sustainability is central to everything we do, and our projects are designed with longevity in mind – both in terms of being able to maintain long-term delivery and ensuring the impact we have on individuals makes a lasting difference to their lives.
We aim to deliver meaningful impacts addressing local need, building partnerships with like-minded organisations. Our delivery is designed to break down barriers, inspiring the people we work with, helping them to realise their potential as well as developing self-confidence and pride in the communities in which they live.
Our vision is:
“To use sport to engage, inspire and empower people in west London to achieve their life goals.”
Underpinning those three objectives are our charity values, which are to:
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Include
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Innovate
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Inspire
Summarising our approach is our mission statement:
We create exciting, progressive and socially inclusive programmes that achieve outcomes in sports participation, health and wellbeing, education, employability, specialist support and community engagement.
Mark Flekken meets participants at a Summer 2024 Multisport Camp at Gunnersbury Park.
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Message from the Chief Executive
In 2013, on gaining planning permission for the new Brentford FC Community Stadium, a game changing commitment was made between the Club, Trust and the London Borough of Hounslow, to increase community engagement activities contributing a measurable social value as a result. At the time the Trust was delivering 5,000 sessions per annum with a social value of £8.5m at the highest confidence level. The target was within three years of new stadium occupation that social value would increase by 30% and if gates averaged 10,000 or above the stretch target would be a 50% increase.
The 10,000 gate is significant because it represents where Brentford FC were as a Club at the time with average gates of just over 7,500 playing in Division 1 of The English Football League.
Scan to watch our MOTD feature.
Trust staff oversee a gymnastics session
In between, our communities coped with the outbreak of a pandemic and the Trust was agile in its response, going online to keep in touch with our participants. In 2023, it was time to report on progress and we are proud to report the target of just under £13m was smashed by a total of £70.6m in 2023 and £143m in the three years between 2020 and 2023. The report was launched at a celebration event and featured on Match of the Day (see QR code above). The stadium project has been transformational both on and off the pitch and is testament to the leap of faith by the Club owner Matthew Benham and his team as well as the London Borough of Hounslow.
A participant at Football for Thought, a session tackling the stigma around men’s mental health
Monetary value is one measure of progress, however we find that looking at individual and community growth is our best measure of whether we are succeeding. Premier League status has enabled us to strengthen key core areas of governance including safeguarding, human resources and insight and impact, whilst we have also grown our thematic work in Heath and Wellbeing, Employment and Training and Community Development. Our Trust has a very strong
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Message from the Chief Executive
governance model supported by nine talented and committed volunteer Trustees. We now have over 160 staff at the Trust and are planning to grow this number by offering a clear career path in a new apprenticeship programme that we are building with the support of the Premier League and Professionnal Footballers Association.
We now are settled in a fantastic stadium hub, sharing the space with NHS West London mental health recovery college which has given rise to a number of new and innovative projects. Increased investment and taking a social entrepreneurial approach to sustainable development has enabled us to grow. We have reviewed our strategy and agreed on a wider and deeper approach, increasing our geographical coverage whilst also investing more in local specialist areas. Growth also brings challenge and it has been important to listen to our staff and participants through surveys. Additionally, inflation has produced a
challenging operating environment and after a number of years of positive surpuses being re-invested into infrastructure, projects and supporting reserves, this year we incurred a loss. We have taken clear steps to address this in our 2024-25 budget.
Looking forward we are excited about the future. This report captures the breadth of experience and ambition of the Trust and the unique way in which sport can capture the imagination and nurture potential both on and off the field.
08 Be Lee Doyle
CEO
Brentford FC Community Sports Trust
Participants at a Trust-hosted South Asian Talent ID Festival
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
The Year at a Glance
Participation engagement highlights
13,000+
participants across all programmes
2,400+
boys and girls at Community Football Development sessions
1,000+
Hounslow Youth Service participants
43hrs
avg. engagement hours per participant
15,000+
total sessions delivered
37%
of participants were women and girls
2,600+
Joy of Moving participants
90%
of participants from our four partner boroughs
Marketing and communications performance
4,333,783
social media impressions
12,619
total social media audience (Instagram, Twitter, Facebook, Youtube, Linkedin)
158,287
social media engagements
317,000
total video views
14,932
newsletter subscribers
42,400
social media post link clicks
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
The trustees, who are directors for the purposes of company law, hereby present the annual report together with the financial statements of the charitable company for the Year Ended 31 March 2024.
Achievement and Performance
Brentford FC Community Sports Trust (BFCCST) has been able to further develop and increase its portfolio of projects and engage with more people than ever before.
The Board of Trustees agreed upon a new strategic plan to increase our reach deeper in our core local boroughs of Hounslow, Ealing & Richmond and a wider strategy for growth (Hillingdon, Surrey and Berkshire) which will align with Brentford Football Club’s plans to increase engagement with the football club and develop the fan base.
Between April 2023 and March 2024, the Trust supported 13,291 individual participants.
Between April 2023 and March 2024, the Trust engaged with 4,110 women and girls across our programmes, which represents 35% of our total engagement for the period. The majority of participants came from the boroughs of Hounslow, Ealing and Richmond, and the table below captures the five areas most represented amongst our participants:
Street Soccer Academy Training and Education at the Community Stadium Hub
Our People
| Borough | Participants | Percentage |
|---|---|---|
| Hounslow | 4,022 | 37.83% |
| Richmond upon Thames | 2,773 | 26,08% |
| Ealing | 2,247 | 21.14% |
| Hillingdon | 337 | 3.17% |
| Spelthorne | 209 | 1.97% |
| Other (or unknown) | 1,043 | 9.81% |
Note: Numbers only apply to the 10,631 participants for whom we have full postcode data
Investment in core support for our participants to engage safely with us, in particular Safeguarding, reflects the needs of the people that we support, the range of settings in which we operate, and the societal issues that we are helping to tackle. In addition to investment in a full-time Safeguarding Manager, the Trust now has 10 Designated Safeguarding Officers (DSOs) across our 5 pillars of engagement.
Our people and our commitment to inclusivity are central to all we have achieved and support our ambition to continue to grow and achieve our charitable objectives. As part of our growth the Trust invested in a Human Resources (HR) Business Partner to develop our HR operational and strategic aims. A new HR system, Hi Bob has been implemented, aligned with the football club.
This investment has increased our resource and expertise, whilst improving direct communication with our staff including our casual workforce; streamlining the dissemination of policies and processes; performance appraisals; new role opportunities; upcoming events and activities; plus day-to-day people management.
The development of our recruitment processes, which has included a new applicant tracking system, Team Tailor has provided a streamlined approach to hiring staff. Whilst we have seen a slight increase in applicants, harder to fill roles and recruitment for delivery staff still have longer timescales, due to the specialist skills required for the roles.
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Our People
This is an area that is under current review, and we are adapting our recruitment methods to attract more candidates.
Between April 2023 and March 2024, we hired 11 new staff at the Trust, as part our growth as a Charity. As the Trust evolves, we want to continue to develop our organisation with a people focus. In line with this, a Staff Survey was completed in October 2023. Key themes emerged from the survey and our HR Business Partner with support from our wider Leadership Team, responded to the results with the establishment of five thematic staff survey groups tasked with formulating ideas and solutions, consisting of staff from all levels of the organisation.
Improved staff benefits and working conditions are under continuous review. With a focus on an inclusive workplace, and in response to feedback from the staff survey, we will enhance our maternity and paternity leave. We have also introduced a wider benefit for mental health support, whilst operationally we have introduced new measures to improve the office working environment. The Trust will continue to evaluate conditions as we respond to a challenging recruitment market for attracting new talent within the third sector.
Increasing Investment in the Trust
Further investment in the Trust from the Premier League & Professional Footballers Association (PL PFA) enabled increased investment in opportunities for children and young people with disabilities. The funding helps support the partnership with the Brentford Penguins, a local Down’s Syndrome football club organised by a former Brentford FC football player Allan Cockram alongside his wife Vickie and a team of volunteers, with the children and families receiving support from Trust and Club staff, access to a matchday experience plus a visit to the BFC training ground.
The Trust’s Health offer also continued to broaden with increased reach and opportunity. The Trust developed its partnership with the NHS whilst funding from the PL PFA enabled further investment in mental health support through additional people resource within the Health team. Projects include:
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Active Minds – a six-week course for primary school children offering a physically active educational programme focused on three key areas: Mental Health and Building Emotional Resilience, Diabetes Awareness and Nutrition and Healthy Eating. The course supported 384 children.
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Advantage Mentoring – part of a network of football clubs offering free, weekly one-to-one mentoring programme for young people between the ages of 14 and 21, to support participants’ mental health and well-being.
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Launch of a new mental health project in collaboration with West London Community Eating Disorder Service, aimed at tackling the stigma associated with mental health and disordered eating in men.
The Trust Communications team also supported a wide variety of campaigns and events to raise awareness of the Trust and wider network’s opportunities in the community. These include:
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All laughs in the west London derby at the
2024 Pan-Disability Gunnersbury Cup
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- July 2023: Suicide: Just Say Something conference supported by Hounslow Council and West London NHS Wellbeing and Recovery College and coinciding with the arrival of the Baton of Hope in London.
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Increasing Investment in the Trust
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Inspiring children to lead active lifestyles
through the Joy of Moving programme
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Sept 2023: #AskAboutAsthma campaign raising awareness of the number of children and young people affected by the condition and steps to manage it.
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Feb 2024: The Premier League’s “More Than A Game” highlighting the league’s investment into all levels of football, enabling people connected to clubs to have a positive impact on the lives of millions of people in their local communities.
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March 2024: Neurodiversity Celebration Week - a worldwide campaign celebrating different thinking and empowering people with neurological differences.
The Trust also continued to invest in central resources to support departments and projects including:
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Content Creator– responsible for the production of promotional material of Trust activities and joint initiatives with Brentford Football club, including player engagement via a range of social media platforms and web site.
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Insight Manager – tasked with improving the Trust’s data collection and monitoring, assessing local need aligned with strategic priorities, and leading on funding opportunities.
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Appointment of a dedicated HR Business Partner to support staff, improve policies and procedures and align people strategy with business strategy.
Finally, BFCCST CEO Lee Doyle was recognised in the King’s New Years Honours List, being awarded a BEM (British Empire Medal) for his commitment and innovation in leading the Trust over a 35-year period.
The Community Stadium Hub hosting its weekly chair-based exercise session
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Levels of Engagement Comparison
The graphs below shows our engagement levels over the past five financial years.
Number of participants (unique)
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14,000
12,000
10,000
8,000
6,000
4,000
2,000
0 ll
2019-20 2020-21 2021-22 2022-23 2023-24
No. of sessions
11,224 7,528 11,319 12,197 13,291
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Av. contact hours No. of sessions
48.0 15,000
40.0 12,500
32.0 10,000
24.0 7,500
16.0 5,000
8.0 2,500
0 alll 0
2019-20 2020-21 2021-22 2022-23 2023-24 2019-20 2020-21 2021-22 2022-23 2023-24
27.29 30.32 37.03 42.12 43.38 12,806 9,040 14,713 14,749 15,144
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Review of Activities
Football Development and Sports Participation
Over 1,300 children now attend the Trust’s football development programmes every week, setting a new high for participant engagement. This has been supported by the expansion of the football development programme into Berkshire in September 2023.
Whilst the growth is fantastic, there is still a lack of facility options which is preventing us from meeting the local demand. Year on year there are increasing waiting lists to access our football development programmes. With demand so high, we will introduce new initiatives such as the upcoming South East Asian Football Festival in July to ensure we able to provide alternative pathways and opportunities for the community to access our football provision.
along with a growing relationship with Orley Farm School will both help this expansion.
Both our Boys Performance Centre and Girls Emerging Talent Centre are attending overseas tours at the end of the 2023/24 football season, and we look forward to continuing to offer these trips in future years. The 2024 Gunnersbury Cup takes place in July. With 229 teams signed up it will be the biggest grassroots tournament the Trust has ever held.
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Flexibility on show at our Tumble Bees sessions
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This year we have developed a new partnership with Ashford Town FC and the Football Foundation. The Trust is now a key partner of the new site which will provide us with long term access to the 3G pitch which will be utilised for boys and girls football, along with Premier League Kicks sessions and the Post-16 Programme.
Looking ahead we are planning to continue the expansion of the football development programme into Surrey. The partnership with Ashford Town FC,
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A participant at Gunnersbury Park
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Review of Activities
Schools
The Schools Department expansion into Berkshire and Surrey has continued developing over the last 12 months. The new Area Coordinators have settled very well and are driving the growth in these areas and demand for provision is high, with 100 boys and 30 girls now attending the Trust’s Berkshire Football Development Centre. At the start of the 2023/24 academic year, we were working with 55 key partner schools and over 9,000 children across all school’s delivery, which is testament to all our staff and coaches.
Across the Boroughs that we now operate in there are several key partners and schools which we have a fantastic relationship with. Langley Academy and Slough School Sport Network are key partners for the expansion in Berkshire, whilst we continue to have a strong relationship with schools closer to Brentford such as Chase Bridge, Crane Park and Broomfield. The American International School in England has grown again since September, and we have two summer tours planned in the summer term to Paris and Barcelona.
“The Brentford morning football provision has changed my son’s outlook on school and life so much. He comes home excited to tell me about his morning matches, instead of
Premier League Primary Stars participant Freya
playing computer games during his free time he now goes out in the garden to practice his skills. He’s also meeting with friends to play football afterschool too.
Pupils at Oldfield Primary School get moving
“Since he started attending morning football with Brentford he hasn’t been getting into trouble at school. It’s a wonderful provision and his comments about the coaches are always so positive. Thank you to the team who said yes and to Brentford for running such awesome provision.”
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Youth and Community
In June 2023, the Trust partnered with Indeed to hold a Job Fair at the Gtech Community Stadium, welcoming over 600 young people to offer careers advice CV workshops and job opportunities. Following the Job Fair the Youth and Community departments work was recognised at the Young Ealing Foundation Awards (YEF Awards) as the Trust received the Employability Project of the Year award. The awards, which are in their second year, celebrate and recognise young people and the providers who help them across Ealing and its seven towns.
The department has worked hard to develop the Youth Voice Ambassadors - building a representative group of young people from across departments to bring ideas, areas to develop and support improving the Trust’s services. The participants developed a logo, renamed the group, designed T Shirts and have already represented the Trust at speaking engagements and events.
The National Citizen Service (NCS) team engaged with 367 participants across the last 12 months, and following a new NCS Coordinator joining in May 2024, we look forward to a new year of NCS delivery. The Worley partnership continues to evolve and over the last year we worked with 419 participants delivering STEM Mentoring, workshops to both Primary School and Secondary School students and a series of events to widen participation.
With funding confirmed from the Premier League Fans Fund we are working on the ‘Connecting Communities’ project. This aims to engage directly with South Asian communities through focus groups, surveys and community events to understand cultural needs, potential barriers to participation in football, and to inform the design of future programmes that meet the specific needs and interests of the community.
A Community Engagement tournament held at Brentford Towers’ Cruyff Court
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Health and Wellbeing
The appointment of a Project Coordinator in June 2023 followed by a Project Officer a few months later has supported the increase in delivery across the Health and Wellbeing department over the last year.
In November 2023 the second cohort of Comedy for Thought participants completed the course with a showcase event at the Community Stadium Hub (CSH) compered by Patrick Monahan. In the same month the Trust launched ‘Active Minds’, a physically active health education programme targeted at improving emotional literacy amongst children of primary school age.
To complement the delivery of Active Minds a series of six videos featuring Brentford players Mark Flekken and Kristoffer Ajer was filmed to spotlight emotional resilience, empathy and support networks. Since launching in January 2024, the Trust has already delivered the Active Minds programme to 270 Year 3 and 4 pupils and hosted three celebration events at the CSH, including stadium tours and a guest appearance from Marcus Gayle.
One year funding grants have also made it difficult to plan for delivery and staffing year-on-year. The addition of an Insight and Impact Manager has now started to help with data collection and reporting across a growing number of projects that are funded by different organisations.
The Trust hosted a screening of ‘Nexus: The Power of Connection’ and panel discussion in March 2024 to mark Eating Disorder Awareness Week and looking ahead we will be launching our eating disorder project in collaboration with The NHS North London Adult Eating Disorder Provider Collaborative (NLAED). Plans are in place to also expand Active Minds delivery and to further embed HoW CPR workshops within all aspects of Trust delivery.
As a continuation of the Heart of West London (HoW) partnership the Trust hosted a Cardiac Risk in the Young (CRY) screening event at the Hub in March 2024, which saw over 200 young people receive a free heart screening. In addition to this 10 Trust staff completed Resuscitation Council UK’s Basic Life Support course to enable them to equip thousands of participants across west London with life-saving CPR skills.
Of the Health department’s more established programmes, the chair-based activity class now averages 16 participants per session. When the group recently completed surveys, they provided the following feedback:
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85% of participants feel attending the sessions has supported them to improve their confidence and self-esteem.
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92% feel attending the session has supported them to improve their mental wellbeing.
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85% of participants feel that attending has supported them to improve their sense of belonging and community cohesion.
Establishing the Health department across the Trust and developing awareness for potential collaboration with other programmes has taken a while to embed.
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The Active Minds programme was
delivered to over 300 children in 2024
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Specialist Support / Intervention
The Specialist Support department grew in July 2023 with the addition of a new Disability Manager focused on Strategy and Participation. The new managerial position also coincided with the launch of the AllAbility Bees programme in August 2023, which was funded by Premier League Professional Footballers Association (PFA). This has helped to drive the Trust’s engagement, and we worked with 701 unique participants across all Disability programmes for the reporting period.
Our Short Breaks programme provides opportunities for disabled children and young people to spend time away from their primary carers. They aim to provide parents and carers a necessary and valuable break away from their caring responsibilities in order to recharge their batteries. Commencement of the Ealing Short Breaks programme has been delayed to August 2024. Originally due to launch in Easter, several setbacks including the lack of a suitable venue have pushed this programme back.
Due to the specialist skillset of staff working across our Disability and Deaf programmes we have developed a network of partners and organisations to deliver sessions and recruit coaches who have experience in this field.
Highlights for the year include the confirmation of renewal of funding from Three Guineas Trust for another two years, supporting delivery of On the Ball. A new five-year Sport, Social and Employability project also launched in January 2024. Specifically for young people between the ages of 14 and 25 with a
disability, this project has been funded by City Bridge Foundation.
Young carers are children and young people who look after someone in their family who has an illness, a disability, or is affected by mental illhealth or substance misuse. The Trust’s Young Carers programme is highly recognised and supported by several partners across key Boroughs. Ealing Council renewed the three-year delivery contract taking us through to 2027 and in April 2023 the Trust successfully secured a three-year contract with John Lyon’s Charity worth £50,000 per year. Along with the funding we have seen increased numbers of young people attending sessions particularly during the school holiday periods.
Over the year, 274 young carers have been registered with the Trust, 116 of which (61 from Hounslow and 55 from Ealing) have been active and regularly attending various sessions. Whilst it is fantastic to be supporting this number of young carers, one of the biggest obstacles is transport provision to ensure they can access sessions. To accommodate as many young people as possible at our youth club we have developed strong communication links with the people attending to offer flexible sessions based around their day-to-day responsibilities at home.
Looking ahead there are several work visits planned over the summer including FIS Global in London and Everyone Active more locally. Workshops to provide young carers with first aid support and money management are also in the pipeline.
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A fun activity day for Short Breaks participants
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Education, Employability, and Training
In September 2023 the Trust partnered with West London NHS and Advantage Mentoring to deliver a new free one-to-one mentoring programme for local young people. This has helped to further develop our strong partnership with West London NHS Trust. The Trust now takes referrals via NHS clinicians of 14–21-year-olds with low to moderate mental health and emotional wellbeing needs, helping to tackle NHS waiting times and reduce health inequalities.
The Brighter Futures programme continues to provide a valuable service in the London Borough of Ealing, with 26 young people in care, on the edge of care, or with complex backgrounds successfully receiving one-to-one mentoring support. There are future plans to scale up for other local authority departments to access this service in Ealing.
The London Borough of Ealing Youth Justice Service (which is Government funded) successfully completed contracted numbers, strengthening the partnership with local authority colleagues leading to an increased contract for 2024-25. In addition to this, the department successfully provided evidence for a Premier League PFA Changing Directions funding application.
A group from one of our four NCS pathways
Headline Delivery Stats
Premier League Inspires
- 79 young people engaged in programme (aged 1214yrs) = increase of 55%
Focus30
- 47 young people from seven schools in Hounslow who are on the edge of exclusion attended the programme during the 12-month reporting period.
Brighter Futures
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700+ structured one-to-one mentoring hours
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33% of mentees on Brighter Futures programme are now participating in Community Engagement sessions
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100% of mentees achieving at least one AQA Short Course Award
As the Trust is working closely with an increased number of mentees, we are now handling more complex cases. This brings greater demands on staff and more specialist experience is required to handle the more complex cases.
The Community Stadium Hub hosting one of many education workshops
We are now working closely with the London Borough of Ealing who are looking to integrate our mentoring services into their long-term community plans. This would offer a longer-term contract and further support the growth of our mentoring services. In a similar way, plans are underway to solidify the delivery of the Advantage Mentoring programme to help create longer term partnership provision for young adults locally.
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Fundraising and Partnerships
During the 2023/24 season the largest cohort of RideLondon fundraisers signed up to ‘go the distance’ for the Trust’s new neurodiversity project with Action Attainment. Resulting in 100 cyclists raising circa £60,000 for the event in May to cap the most successful mass participation fundraising event at the Trust.
£30,000 was raised through both the Lucky Hive Lottery and the Kit Sponsors initiatives. These continue to be two key initiatives for the Trust, where it presents us the opportunity to manage relationships and engage with Brentford FC fans whilst raising vital funds for the Trust’s priority areas.
Over 100 riders completed RideLondon to fundraise for the Trust and Action-attainment
In the corporate partnerships space, £15,000 was raised via a new corporate partnership with Areli, which focused on supporting our Friday evening Community Engagement provision at Gunnersbury Park. Additionally, a new partnership with Sky has been established where the Trust delivers a staff focused Football skills workshop at the Sky campus.
Looking forward, in June 2024 the Trust is hosting a new fundraising initiative called Play at the Gtech. With free use of the Gtech Community Stadium for a day, the Trust is hosting a fundraising tournament. There are 16 teams taking part, made up of local corporate partners, community groups, charities and individual fundraisers. Play at the Gtech is projected to raise an additional £10,000 and plans are underway to expand the tournament in future years.
The Kit Sponsor initiative gives fans and businesses the chance to sponsor players’ home kit, away kit or laces, all while supporting the Trust
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BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Data and Insight
Strategy Review
In March 2024, the Data and Insight team conducted a comprehensive review of the Trust’s 2023/24 strategy. This review involved updating the Trust’s Equality, Diversity, and Inclusion objectives, as well as the introduction of new objectives related to Data, Insight, and Impact. Additionally, thematic objectives were established for each Trust Pillar, outlining key outcomes targeted for the 2024/25 period. The review also highlighted the key objectives and outcomes for the core areas of the Trust, providing a detailed overview of its position throughout 2023/24. This included the introduction of new key areas of work such as Equality, Diversity, and Inclusion (EDI), Human Resources (HR), and Data and Insight, while mapping out objectives for the upcoming 12 months to guide future initiatives and developments.
PlayZones Data and Reporting
In collaboration with the Community Engagement team, the Trust distributed a survey to our network of partners and participants across Ealing and Hounslow, reporting on the PlayZones project, which is funded by the Football Foundation. The survey received 1,221 responses, providing valuable insights into the community’s needs regarding physical activity, preferred types of activities, community issues, travel time for sports, and activity preferences based on ethnicity, gender, and age. This project has established a comprehensive database that highlights community needs in Hounslow and Ealing, as well as supporting ongoing work with the Football Foundation on the PlayZones initiative.
Premier League Fan’s Fund
The Data and Insight team, in partnership with the Senior Manager for Youth and Employability, applied for, designed, and began delivering the Trust’s first South Asian community engagement project, titled ‘Connecting Communities’. Through direct consultation with South Asian communities in London, the project aims to understand cultural needs and potential barriers to participation and engagement in football. The project involves community surveying over the course of 12 months, focus group discussions with South Asian community groups, and a South Asian Heritage Month event with Brentford FC on August 3. Through ‘Connecting Communities’ the department aims to establish trust between BFCCST, BFC, and key stakeholders in the South Asian community, increase understanding of South Asian community needs, align with the Premier League’s South Asian Action Plan (SAAP), and develop an action plan to overcome barriers to engagement for the South Asian community.
Rocks Lane – Taylor Wessing Partnership
As part of the Trust’s longstanding relationship with Taylor Wessing, the law firm presented an opportunity for the Trust to undertake a consultancy project with Rocks Lane Chiswick. The project involved delivering a report on Rocks Lane’s compliance with the provisions of London Borough of Hounslow’s Equal Opportunities and Human Rights Policies. The report was successfully delivered and received positive feedback from both Taylor Wessing and Rocks Lane. This project has opened further potential unrestricted income on a consultancy basis for the Trust.
Participants from the South Asian Talent ID Festival at Gunnersbury Park
18
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Trustees Report
Data and Insight
Data and Insight Overview
Data quality remains a challenge within the department. The consistency and timing of session uploads onto Views (software the Trust uses to monitor and track participant engagement across all projects) impacts our ability to present an accurate and up-todate picture of attendance at sessions. This ongoing issue has been communicated to staff, emphasising the need to log session data promptly to ensure that the Trust’s quarterly reporting accurately reflects programme performance.
will undergo review in September, with the goal of submitting applications by November.
The data and insight team will be welcoming a Computer Science student from Brunel for a 6-week internship from July to September. The intern will be responsible for collecting data and carrying out analysis on community needs, local issues and priorities in our local London Boroughs of Hounslow, Ealing, Richmond, and Hillingdon. Their research will contribute to our understanding of local community issues and identifying where the Trust is well positioned to respond to these needs.
Maintaining consistent delivery of surveys and ensuring a strong completion rate is crucial for the Trust. Currently, Trust programmes carry out participant surveys at different rates depending on funder requirements, such as the Premier League Charitable Fund (PLCF) obligations on participant surveys. However, our goal is to implement a system where feedback surveys are rolled out across all programmes in a consistent, periodic manner, ideally on a quarterly basis. This approach will enable us to benchmark participant feedback year over year, allowing us to assess performance and participant experience more effectively.
Ensuring that the Trust consistently bids for restricted funding while maintaining reporting for existing funded projects is a significant priority. Even without a dedicated staff member working on bids we have still been able to consistently send our restricted funding proposals each month to maximise potential restricted funding opportunities that arise.
Looking ahead we are close to completing an exercise in which we have mapped out all objectives and outcomes for each Trust project into a central database. The aim is to link this with our participant data collection through surveys so that progress towards outcomes is tracked each quarter. This will enable higher quality monitoring and evaluation (M&E) and impact reporting.
With window 6 of the PLPFA Community Fund opening in November 2024, we have issued a call for staff proposals and ideas for the fund. This longer lead-in time will allow proposed projects to adequately plan for necessary match funding and to outline clear objectives and outcomes. The aim is to ensure that projects are both ambitious and innovative, while also being realistic and achievable. Staff proposals
An Active Minds session being delivered at Crane Park Primary School
19
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Report of the Trustees for the Year Ended 31 March 2024
Financial Review
Income for the financial year was £3.8m (2022 2023 £3.7m) +3.6% Year on Year (YOY). The Trust delivered a slightly higher deficit than budgeted (£0.2m versus £0.1m) for the year as it navigated through some tough challenges, including some significant programme income streams which ended/reduced during 2023 2024 (Mercers and NCS). Additionally, the Trust continued to absorb significant increases in expenditure primarily on Staff Costs (additional headcount and salary increases) and increased Capital spend (£79k additions in 2023 2024).
A number of factors contributed to the overall results for the Trust, as we continued to invest in our heritage programmes in 2023 2024, approving additional expenditure to allow the expansion of our Football Development and Sports Participation programme deeper in existing areas and wider to new areas. This investment contributed to an increased deficit versus Budget in 2023 2024 as the Trust recruited additional Staff to build resources to drive growth and expansion to ensure the Trust’s readiness for the expected growth in the later part of 2023 2024 and beyond. Additional Capital spend in our Community Stadium Hub included £20k to partition the space to facilitate more events, increasing availability for more social and commercial events. Despite some funding streams ending in the year, which resulted in a slight decrease in income for our newer programmes, Education, Employability and Training, Health and Wellbeing, Youth and Community and Specialist Support the Trust continued to invest and also increased engagement with new Partners to drive income for future years.
to projects. Whilst the Trust is increasing its reach and scale, the core function continues to require investment. This process started in 2021 2022 and will continue into 2024 2025. Income levels are also continuing to increase, which allows internal recovery rates to remain the same in the short term, with the aim to reduce them over the coming years. Individual project managers remain responsible for their budget, supported by the core.
Staff and Facilities remain our biggest costs, but we recognise that our staff are also our biggest asset. We have scaled in a structured way in order that we can maintain a skilled flexible workforce that has the ability to deliver both existing and new projects/ opportunities.
As at March 2024 the Trust employed 60 full-time and 71 part-time staff (54 full-time and 71 part-time 2022 2023). We continue to invest in our delivery staff offering contracted hours where we can. Key investments in Core Functions during the year included additional HR support, a Senior Manager for Insight and Impact and additional Finance Support. We also continue to invest in Training and Development, ensuring that all members of staff get the appropriate onboarding, training, and support they need in their journey with the Trust.
In addition to strengthening its’ diversity of income, the Trust also continues to benefit from Brentford Football Club’s membership in the Premier League. This has allowed the Trust to continue to invest in its people to ensure our Delivery Teams and Core Functions are set up for future growth and that we continue to deliver to the highest standards, Staff Costs increased by £0.3m +13% (£2.9m vs £2.6m) mainly driven by continued investment in our Delivery Staff and Core Functions such as HR, Insight/Impact and Finance.
Financial Position
We continue to operate a full cost recovery model recharging a proportion of fixed and variable costs back
The Community Stadium Hub hosting a Comedy for Thought showcase
20
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Report of the Trustees for the Year Ended 31 March 2024
Reserves Policy
The Trust Reserves policy is to maintain our Reserves at a level which is equivalent to three months’ operating expenses. Previously operating expenses included only variable and semi variable costs.
The Trust felt the measure of variable and semi variable costs could be subjective and in order to ensure a clear and consistent measure the Trust reviewed our policy at our Quarterly Board meeting March 2023.
The Trustees agreed to adopt a more prudent approach, namely, to include all Operating Expenses less depreciation in our Operating Costs. We also agreed that our operating costs should be calculated on a “look forward” basis using an average of the next 6 months forward costs forecast. This policy change aligns with our Budget and Reforecast cycles, as the Trust undertakes a half-yearly reforecast for the remainder of the current year and a Budget for the following year based on the half-yearly actuals to September.
The Annual Budget phased by month is approved at the March Board meeting. By including all Operating Costs, we believe this to be sufficient to cover any one-off potential costs that may be incurred if the
Trust needs to reduce its operations given current notice periods of employees and current statutory redundancy pay rights.
With this more prudent approach our current reserves have fallen to 2.0 months cover (see below) i.e., below the 3 months target. The Trust is still committed to increase our Reserves to meet three months target but takes comfort from the wide diversity of funding streams and the strong level of cash balances held. Our reserves cover is reviewed at our quarterly Finance Subgroup and Board meetings.
As the Trust continues to invest for future anticipated growth, we forecast our Operating Costs to be in line with our Income in the short term and our 2024-2025 Budget anticipates a modest surplus overall. This includes plans to invest in our Football Development and Sport Participation as we expand to new areas and also our plan to strengthen and deepen links in our current areas e.g., our continued partnership with the NHS West London Wellbeing & Recovery College located in the Community Stadium Hub which opened at the start of 2023. This has led to a new very exciting 2-year initiative with the North London Eating Disorder Trust which commenced February 2024.
Our reserves position:
| Our reserves position: | |||
|---|---|---|---|
| Income by Type | Actual 2023-2024 | Actual 2022-2023 | % |
| £ | £ | Increase/(Decrease) | |
| Unrestricted Funds | 709,628 | 785,022 | -9.6 |
| Restricted/Designated Funds | 332,915 | 422,588 | -21.2 |
| Total Funds | 1,042,542 | 1,207,610 | -13.7 |
| Unrestricted Reserves | £ | Average Spend | Reserves Cover |
| £ (6 months) | (Months) | ||
| Brought Forward Apr 23 | 785,022 | 310,689 | 2.5 |
| Prior Years Adjustment (2021)* | (19,572) | - | - |
| Movement 2023-2024 | (55,822) | 47,051 | - |
| Brought Forward Apr 2024 | 709,628 | 357,740 | 2.0 |
Investment performance
The Trust keeps its reserves as cash on deposit split between financial Institutions in order to minimise the risk of loss through bank failure. Interest rates and balances are monitored to ensure the Trust receives a competitive rate of Interest while keeping reserves liquid and risk-free.
- The Prior Years adjustment relates to Unrestricted and Designated Reserves only, there is no impact on Restricted Reserves. Designated Reserves includes Fixed Assets reserve.
21
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Report of the Trustees for the Year Ended 31 March 2024
Structure, Governance and Management
Governing Document
The charity is controlled by its memorandum and articles of association, being a company limited by guarantee, as defined by the Companies Act 1985.
Recruitment and appointment of new Trustees
Trustees are selected for their professional skills and experience across a variety of areas to which they can contribute towards the effective running of the charity. New trustees must be approved by the board and are appointed by an ordinary resolution of the company. The number of trustees must not be less than three, and there is no maximum.
The first trustees subscribed on incorporation of the company. At the first annual general meeting all of the trustees retired from office, in accordance with the articles of association. At each subsequent general meeting one third of the trustees (with longest service) are subject to retirement by rotation.
Organisational Structure
Brentford FC Community Sports Trust is a company limited by guarantee and is registered with the Charity Commission.
A Chief Executive, who is not a trustee, operates Brentford FC Community Sports Trust on a day-today basis, with a senior leadership team including an Operations Director and project lead managers within key trust themes.
Reference and Administrative Details
Trustees
Ian Dobie Donald Gilbert Kerr Brian Robert Burgess John Lawrence Cudmore Nity Raj Karl Adrian Reynolds Anita Ralli Chris Gammon Marcella Eileen Phelan
Ian Dobie is the Chariman, Donald Kerr is the Vice Chairman.
Chief Executive
Lee Doyle
Company Secretary
Jacqueline Clair Montague
Auditors
Just Audit & Assurance Ltd 4 South Bar Street Banbury Oxfordshire OX16 9AA
Solicitors
Muckle LLP Time Central 32 Gallowgate Newcastle upon Tyne NE1 4B
Registered Company Number
05602833 (England and Wales)
Registered Charity Number
1112784
Registered Office
Underwood House 1A Thomas Layton Way Brentford TW8 0SB
Bankers
The Cooperative Bank Ealing Branch 14 New Broadway Ealing London W5 2XL
22
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Report ofthe Trustees for the Year Ended 31 March 2024 Statement of TrLtstees ResponsSbllitles The trustees (who are also the dlre¢tors ol Brentford FC Approved by order of the board of trustees on CDrnmunrty Sports Trust for tho purpose5 of Gompany and signed on lis beh81f by: law) are responsible for prepa ring the Report of the -Irustees and the fin)ntsial 5Li4L8ment5 in accordance wlth appllc8ble law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr8¢tl¢e). Compa ny law iequ ires Ihe trustees to prèpar8 f ina n¢ial %latpmpnts forcach financial yearwhich £ive a true and fa i r view of the state of affai rs of tho charitable company and of the incoming resourc8s and application of resources. including the income lind expenditure. of the charirable ¢ompÈny for that period. In prep8ri ng tliosc li nanci al statem8nts. the tru stees are requlred lo.. lan Dobie- Trustee select suitablo a¢¢ounti rng pol icies and then a pply tli¥rTI Cons istently; observe the methods and prlnciples in the Charity SORP; make judgerTients &nd estimates that ar& re<isonable and prudent- proparo Ihe financlal statements on the going concern basis unless it is inappropriate to presume that the cha rlta ble compa ny will continue in business. The trustees a re responsi blc fo r keep i ng proper accou nti ng record s wh ich d isclose wlth reasonable aGGuf<lGy atanytime the financial position of the charitable ccrnpany and to on8ble them to ensure that the finai)Li&l slatcirents complywith the Companies Act 2006. Thoy are also responsible lor salegua rding the a55ets of the charitable company and hence for taking rcasonable steps forthe prevention and detecti on of fraud and other i rrogu larities. In so far as the trustees are &ware'. there is no ielpvant auttil infoirnation of which the chiiritable company's audltors arL' Uli<iW&irc: and the trustees 8ve tJken a115teps that they ought ta hclVP. t*ikRn to rna ke thern selves aware L)1 a ny rclevant audit informatioh ond to osLablish that the auditors are aware o r that i nformation. This report has been prppared in ac¢ordanGe with the special provisions of Part 15 of the Companies Act 2006 relaling to srnall companies. 8RENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024 23
Report of the Independent Auditors to the Members of Brentford FC Community Sports Trust
Opinion
We have audited the financial statements of Brentford FC Community Sports Trust for the Year Ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charitable company’s affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report.
We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
24
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Report of the Independent Auditors to the Members of Brentford FC Community Sports Trust
-
the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the directors’ report included within the trustees’ report has been prepared in accordance with applicable legal requirements.
In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Matters on which we are required to report by exception
Our responsibilities for the audit of the financial statements
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 require us to report to you if, in our opinion:
-
adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of trustees’ remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.; or
-
the charity has not kept sufficient accounting records; or
-
the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the trustees’ responsibilities statement (set out on page 19), the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org. uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members.
We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations
25
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Report of the Independent Auditors to the Members of Brentford FC Community Sports Trust we considered in this context were the Companies Act 2006. and the Charities Act together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below. irregularities. as these may involve collusion. forgery. intentional omissions. rnisrepresentations. or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. Use of our report In addition. we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may existwithin the charitable company forfraud.The laws and regulations we considered in this context were the General Data Protection Regulation (GDPR). Anti-fraud. bribery and corruption legislation. Taxation legislation and Employment legislation. This report is made solely to the Charitable Company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's members and trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone otherthan the Charitable Company. the Charitable Company's members as a body, and the Charitable Company's trustees as a body. for our audit work, for this report. or for the opinions we have formed. Auditing standards limit the required audit procedures to identify non-Gompliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regu5atory and legal correspondence. if any. We considered the greatest risk of material impact on the financial statements from irregularities. including fraud. to be within the timing of recognition of incorne and expenditure. and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management. including senior management, sample testing on the posting of entries, including journals. reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission. and reading minutes of meetings of those charged with governance. nathan Russell (Senior Statutory Auditor) For and on behalf ofJust Audit & Assurance Ltd. Statutory Auditor 4 South Bar Street Banbury Oxfordshire OX16 9AA Owing to the inherent limitations of an audit. there is an unavoidable risk that we may not have detected some material misstatements in the financial statements. even though we have properly planned and performed our audit in accordance with auditing standards. For exarnple. the further removed non- compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements. the less likely the inherently limited pro¢edures required by auditing standards would identify IL In addition. as with any audit. there remained a higher risk of non-detection of BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024 26
Statement of Financial Activities for the Year Ended 31 March 2024
The notes form part of these financial statements.
| Notes | Unrestricted Funds | Unrestricted Funds | Restricted Funds | 31.3.24 | 31.3.23 | |
|---|---|---|---|---|---|---|
| (£) | (£) | Total Funds | Total Funds | |||
| Income and Endowments from | (£) | (£) | ||||
| Donations and Legacies | 2 | 336,872 | 45,084 | 381,956 | 348,769 | |
| Investment Income | 3 | 20,964 | - | 20,964 | 2,639 | |
| Other Income | 5 | 119,690 | - | 119,690 | 66,273 | |
| Total | 477,526 | 45,084 | 522,610 | 417,681 | ||
| Charitable Activities | 4 | |||||
| General | 339,044 | - | 339,044 | 313,339 | ||
| Football Development and | 1,284,394 | 153,707 | 1,438,101 | 1,328,983 | ||
| Sports Particpation | ||||||
| Youth and Community | 252,375 | 184,582 | 436,957 | 668,811 | ||
| Health and Wellbeing | - | 115,919 | 115,919 | 89,879 | ||
| Specialist Support | - | 360,667 | 360,667 | 346,153 | ||
| Education, Employability and | 441,192 | 140,158 | 581,351 | 498,840 | ||
| Training | ||||||
| Total - Charitable Activities | 2,317,005 | 955,034 | 3,272,039 | 3,246,005 | ||
| Total Income | 2,794,531 | 1,000,118 | 3,794,649 | 3,663,686 | ||
| Expenditure on | ||||||
| Charitable Activities | 6 | |||||
| Fundraising | 859,346 | - | 859,346 | 539,808 | ||
| Football Development and | 1,304,148 | 169,653 | 1,473,801 | 1,317,944 | ||
| Sports Particpation | ||||||
| Youth and Community | 294,965 | 218,268 | 513,234 | 727,380 | ||
| Health and Wellbeing | - | 142,576 | 142,576 | 84,368 | ||
| Specialist Support | - | 380,874 | 380,874 | 329,525 | ||
| Education, Employability and | 409,989 | 179,897 | 589,885 | 478,662 | ||
| Training | ||||||
| Total Expenditure | 2,868,448 | 1,091,268 | 3,959,716 | 3,477,687 | ||
| Net Income and Expenditure | (73,916) | (91,150) | (165,067) | 185,999 | ||
| Transfers Between Funds | 0 | (0) | ||||
| Net Movement in Funds | (73,916) | (91,150) | (165,067) | 185,999 | ||
| Reconciliation of Funds | ||||||
| Total Funds Brought Forward before Adjustment | 1,064,891 | 142,718 | 1,207,609 | 1,020,988 | ||
| Prior Year Adjustment | 0 | 0 | 0 | 623 | ||
| Total Funds Brought Forward after Adjustment | Total Funds Brought Forward after Adjustment | 1,064,891 | 142,718 | 1,207,609 | 1,021,611 | |
| Total Funds Carried Forward | 990,975 | 51,568 | 1,042,542 | 1,207,609 |
The notes form part of these financial statements.
27
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
BRENTFORD FC COMMUNITY SPORTS TRUST REGISTERED NUMBER: 05602833
Balance Sheet 31 March 2024
| Notes Unrestricted Funds Restricted Funds 31.3.24 31.3.23 |
|---|
| (£) (£)TotalFundsTotal Funds |
| (£) (£) |
| Fixed As ts |
| Taneible Assets 12 276,084 276,084 251,588 |
| E~~EE~~ |
| Total - Fixed Assets 276,084 276,084 251,588 S~~an~~ ~~nn EE~~ ~~E~~n EEEEEE E=SS— |
| Current Assets |
| Debtors 13 808.109 380,663 1,188,772 599,694 |
| Cash at Bank 975,842 333,889 1,309,732 1,475,067 |
| —————— a ss |
| Total - Current Assets 1,783,952 714.552 2.498,504 2,074,761 ~~——————~~ ~~pe~~ ~~e~~e ~~e~~eeey |
| Creditors 14 (1,069,061) (662,984) (1,732,045) (1,118,741) |
| Net Current As ets 714,890 51,568 766,458 956,020 |
| ——— ee ee ae saaaaa |
| Total Assets Less Current Liabilities 990,974 S1,568 1,042,542 1,207.609 SS a |
| Net Assets 990,974 51,568 1,042,542 1,207,609 —————— e~~ee~~ |
| Funds 16 |
| Unrestricted Funds 990,975 1.064,891 |
| Restricted Funds 51,568 142,718 ~~ee~~ agg. gg gg...a, |
| Total Funds 1,042,542 1,207,609 a e~~e~~e ee gut SSS SSS ee |
These financial statements have been prepared in accordance wilh Lhe provisions applicable to charitable companies subject to the small companies regime.
The fi } nancial statements were app'oved by the Beard of Trustees and authorised for issue on:
Signed on behalf of the 13oard of Trustees:
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND rlNANCIAL STATEMENTS 2023-2024
28
Cash Flow Statement for the Year Ended 31 March 2024
| Notes | 31.3.24 | 31.3.23 | |
|---|---|---|---|
| (£) | (£) | ||
| Cash Flow from Operating Activities | |||
| Cash Generated from Operating Activities | 1 | (107,647) | 459,817 |
| Net Cash Provided by Operating Activities | (107,647) | 459,817 | |
| Cash Flow from Investing Activities | |||
| Purchase of Tangible Fixed Assets | (78,654) | (230,388) | |
| Sale of Tangible Fixed Assets | 0 | 5,063 | |
| Interest Received | 20,964 | 2,639 | |
| Net Cash Used in Investing Activities | (57,690) | (222,686) | |
| Change in cash and cash equivalents in | 165,335 | 237,131 | |
| the reporting period | |||
| Cash and cash equivalents at the | 1,475,067 | 1,237,936 | |
| beginning of the reporting period | |||
| Cash and cash equivalents at | 1,309,731 | 1,475,067 | |
| the end of the reporting period |
The notes form part of these financial statements.
29
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Cash Flow Statement for the Year Ended 31 March 2024
1. Reconciliation of Net Income to Net Cash Flow from Operating Activities
| 31.3.24 | 31.3.23 | |
|---|---|---|
| (£) | (£) | |
| Net Income for the reporting period | (165,067) | 185,999 |
| (As per the Statement of Financial | ||
| Activities) | ||
| Adjustments for: | ||
| Depreciation Charges | 53,833 | 36,476 |
| Loss/(Profit) on Disposal of Fixed Assets | 325 | (3,218) |
| Interest Received | (20,964) | (2,639) |
| Increase in Debtors | (589,078) | (83,422) |
| Increase in Creditors | 613,304 | 326,621 |
| Net Cash Provided by Operations | (107,647) | 459,817 |
2. Analysis of Changes in Net Funds
| At 1.4.23 | Cash flow | At 31.3.24 | |
|---|---|---|---|
| (£) | (£) | (£) | |
| Net Cash | |||
| Cash at Bank | 1,475,067 | (165,335) | 1,309,731 |
| Total | 1,475,067 | (165,335) | 1,309,731 |
The notes form part of these financial statements.
30
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
1. Accounting Policies
Basis of preparing the Financial Statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Allocation and Apportionment of Costs
Where reliable information is readily available, expenditure is allocated directly to the relevant cost centre or appropriately apportioned to more than one cost centre. Other costs may be apportioned on a reasonable and justifiable basis in accordance with the nature of the expenditure.
Tangible Fixed Assets
Tangible fixed assets are capitalised at cost. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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. Income from donations and grants is accounted for when received, with grant income being deferred when received in advance or accrued for when payment is received in arrears. Income from charitable activities is accounted for when earned on an accruals basis.
Sports Equipment – 25% on cost Motor Vehicles – 25% on reducing balance Fixtures and Fittings – 10% on cost IT Equipment – 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
The charity is not registered for VAT so irrecoverable VAT is accounted for with the expenditure to which it relates.
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.
Charitable Activities
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.
Resources expended on charitable resources are those applied to activities undertaken to meet the charity’s objectives.
31
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
1. Accounting Policies - continued
Pension Costs
The charitable company operates a defined contribution pension scheme and auto-enrolment. Contributions payable to both schemes are charged to the Statement of Financial Activities in the period to which they relate.
Funds Structure
Reserves are transferred between restricted funds with the agreement of the funder when funds received for one project can be reallocated to another project.
Reserves are allocated to designated funds from unrestricted reserves at the discretion of the trustees. The fixed assets reserve represents the net book value of tangible fixed assets.
Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Financial Instruments
The charitable company only has financial assets and liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.
3. Investment Income
| 31.3.24 | 31.3.24 | 31.3.23 | ||
|---|---|---|---|---|
| (£) | (£) | |||
| Interest Received | 20,964 | 2,639 | ||
| 4. | Income from Charitable Activities | |||
| Charitable | 31.3.24 | 31.3.23 | ||
| Activies | (£) | (£) | ||
| General | 339,040 | 313,339 | ||
| Football | 1,438,101 | 1,328,983 | ||
| Development | ||||
| and Sports | ||||
| Participation | ||||
| Youth and | 436,957 | 668,811 | ||
| Community | ||||
| Health and | 1115,919 | 89,879 | ||
| Wellbeing | ||||
| Specialist | 360,667 | 346,153 | ||
| Support | ||||
| Education, | 581,351 | 498,840 | ||
| Employability | ||||
| and Training | ||||
| Total - Income | ||||
| from Charitable | 3,272,039 | 3,246,005 | ||
| Activities |
2. Donations and legacies
| 31.3.24 | 31.3.23 | 5. | Other Income | ||||
|---|---|---|---|---|---|---|---|
| Total Donations and Legacies | Total Donations and Legacies | Total Donations and Legacies | Total Donations and Legacies | 381,956 (£) |
348,769 (£) |
| Other Income | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| (£) | (£) | |
| Other Operating Income | 95,823 | 43,841 |
| Gain/(Loss) on Sale of Fixed Assets |
(325) | 3,218 |
| Other | 24,192 | 19,214 |
| Total | 119,690 | 66,273 |
32
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
6. Charitable Activities Costs
| Direct | Support Costs | Totals | |
|---|---|---|---|
| Costs (£) | (see note 7) | (£) | |
| (£) | |||
| Fundraising | (453,375) | 1,312,721 | 859,346 |
| Football Development and | 1,473,801 | - | 1,473,801 |
| Sports Participation | |||
| Youth and Community | 513,234 | - | 513,234 |
| Health and Wellbeing | 142,576 | - | 142,576 |
| Specialist Support | 380,874 | 380,874 | |
| - | |||
| Education, Employability and | 589,885 | 589,885 | |
| Training | - | ||
| Total Donations and Legacies | 2,646,995 | 1,312,721 | 3,959,716 |
| 7. | Support Costs | ||||
|---|---|---|---|---|---|
| Management | Finance | Governance Costs | Totals | ||
| (£) | (£) | (£) | (£) | ||
| Fundraising | 1,298,334 | 2,927 | 11,460 | 1,312,721 |
8. Net Income/(Expenditure)
Net Income/(Expenditure) is stated after charging/(crediting):
| Net Income/(Expenditure) is stated after charging/(crediting): | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| (£) | (£) | |
| Audit Fees | 11,460 | 9,000 |
| Depreciation - Owned Assets | 53,833 | 36,475 |
| (Surplus)/Deficit on Sale of Fixed Assets | 325 | (3,218) |
| Total | 65,618 | 42,257 |
33
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
9. Trustees’ Remuneration and Benefits
There were no trustees’ remuneration or other benefits for the Year Ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees’ Expenses
There were no trustees’ expenses for the Year Ended 31 March 2024 or the year ended 31 March 2023.
10. Staff Costs
| 10. Staff Costs |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| (£) | (£) | |
| Wages and Salaries | 2,586,210 | 2,323,115 |
| Social Security Costs | 213,289 | 193,134 |
| Other Pension & Healthcare Costs | 76,936 | 65,229 |
| Total Staff Costs | 2,876,436 | 2,581,478 |
The average monthly number of employees during the year was as follows:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| Permanent Staff | 60 | 54 |
| Casual Coaches | 71 | 71 |
| Total | 131 | 125 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £71,001 - £90,000 | 1 | 1 |
| £110,001 - £120,000 | 1 | |
| £120,001 - £130,000 | 1 | |
| Total | 2 | 2 |
Key management are the Trustees, the CEO and the Senior Leadership Team. Their total remuneration for the year was £540,729 (2023: £458,136).
Pension Commitments
The charity operates a defined contribution Pension Scheme and auto-enrolment. The cost of the scheme to the charity for the year was £55,752 (2023: £46,213).
34
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
11. Comparatives for the Statement of Financial Activities 2022 2023
| Unrestricted Funds | Restricted Funds | Total Funds | |
|---|---|---|---|
| Income and Endowments from | (£) | (£) | (£) |
| Donations and legacies | 331,919 | 16,850 | 348,769 |
| Investment income | 2,639 | - | 2,639 |
| Other Income | 66,273 | - | 66,273 |
| Total | 400,831 | 16,850 | 417,681 |
| Charitable Activities | |||
| General | 313,339 | - | 313,339 |
| Football Development and | 1,207,662 | 121,321 | 1,328,983 |
| Sports Particpation | |||
| Youth and Community | 465,600 | 203,211 | 668,811 |
| Health and Wellbeing | - | 89,879 | 89,879 |
| Specialist Support | - | 346,153 | 346,153 |
| Education, Employability and | 323,791 | 175,049 | 498,840 |
| Training | |||
| Total - Charitable Activities | 2,310,392 | 935,613 | 3,246,005 |
| Total Income | 2,711,223 | 952,463 | 3,663,686 |
| Expenditure on | |||
| Charitable Activities | |||
| Fundraising | 539,808 | - | 539,808 |
| Football Development and | 1,201,026 | 116,918 | 1,317,944 |
| Sports Particpation | |||
| Youth and Community | 496,957 | 230,423 | 727,380 |
| Health and Wellbeing | - | 84,368 | 84,368 |
| Specialist Support | - | 329,525 | 329,525 |
| Education, Employability and | 319,390 | 159,272 | 478,662 |
| Training | |||
| Total Expenditure | 2,557,181 | 920,506 | 3,477,687 |
| Net Income and Expenditure | 154,042 | 31,957 | 185,999 |
| Transfers Between Funds | 22,519 | (22,519) | - |
| Net Movement in Funds | 176,561 | 9,438 | 185,999 |
| Reconciliation of funds | |||
| Total Funds Brought Forward | 888,330 | 133,280 | 1,021,610 |
| Total Funds Carried Forward | 1,064,891 | 142,718 | 1,207,609 |
The notes form part of these financial statements.
35
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
12. Tangible Fixed Assets
| Sports | Motor | Office | Totals | |
|---|---|---|---|---|
| equipment | vehicles | equipment | (£) | |
| (£) | (£) | (£) | ||
| Cost | ||||
| At 1 April 2023 | 30,092 | 7,682 | 336,734 | 374,508 |
| Additions | - | 78,654 | 78,654 | |
| Disposals | (7,682) | (7,682) | ||
| At 31 March 2024 | 30,092 | 0 | 415,388 | 445,480 |
| Depreciation | ||||
| At 1 April 2023 | 27,044 | 7,357 | 88,519 | 122,920 |
| Charge for the Year | 1,344 | 0 | 52,489 | 53,833 |
| Eliminated on disposal | (7,357) | (7,357) | ||
| At 31 March 2024 | 28,388 | 0 | 141,008 | 169,396 |
| Net Book Value | ||||
| At 31 March 2024 | 1,704 | 0 | 274,380 | 276,084 |
| At 31 March 2023 | 3,048 | 325 | 248,215 | 251,588 |
13. Debtors: Amounts Falling Due Within One Year
| 31.3.24 | 31.3.23 | |
|---|---|---|
| (£) | (£) | |
| Trade Debtors | 1,010,740 | 382,407 |
| Prepayments and Accrued Income | 179,914 | 214,879 |
| Other Debtors | 4,576 | 2,408 |
| Bad Debt Provision | (6,458) | |
| Total Debtors | 1,188,772 | 599,694 |
36
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
14. Creditors: Amounts Falling Due Within One Year
| 31.3.24 | 31.3.23 | |
|---|---|---|
| (£) | (£) | |
| Trade Creditors | 388,293 | 82,049 |
| Social Security and Other Taxes | 66,063 | 45,584 |
| Other Creditors | 8,690 | |
| Accruals and Deferred Income | 1,277,690 | 982,418 |
| Total Creditors | 1,732,045 | 1,118,741 |
Deferred Income
Deferred income is recognised for income received in advance over the correct period of project funding, agreed by the funders.
| 31.3.24 | 31.3.23 | |
|---|---|---|
| (£) | (£) | |
| Opening Balance | 646,636 | 569,150 |
| Provided for the Year | 1,023,124 | 646,636 |
| Moved to Profit and Loss | (646,636) | (569,150) |
| Balance at Year End | 1,023,124 | 646,636 |
15. Leasing Agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| (£) | (£) | |
| Within One Year | 25,167 | 39,400 |
| Between One and Five Years | 32,500 | 82,067 |
| Total | 57,667 | 121,467 |
37
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
16. Movement in Funds
| 16. Movement in Funds |
||||
|---|---|---|---|---|
| At 1.4.23 | Net movement | Transfer between | At 31.3.24 | |
| (£) | in Funds | Funds | (£) | |
| Unrestricted Funds | (£) | (£) | ||
| General | 815,476 | (58,379) | (24,496) | 732,600 |
| Fixed Assets | 251,587 | 0 | 24,496 | 276,083 |
| Football Development and | (90,187) | (4,151) | - | (94,338) |
| Sports Participation | ||||
| Youth and Community | 47,853 | (42,590) | - | 5,263 |
| Education, Employability and | 40,162 | 31,204 | - | 71,366 |
| Training | ||||
| Total | 1,064,891 | (73,916) | 0 | 990,975 |
| Restricted Funds | ||||
| Football Development and | 8,712 | (15,945) | - | (7,233) |
| Sports Participation | ||||
| Youth and Community | 40,264 | (33,687) | - | 6,577 |
| Health and Wellbeing | (19,012) | (20,199) | - | (39,211) |
| Specialist Support | 48,007 | (11,581) | - | 36,426 |
| Education, Employability and | 64,747 | (9,738) | - | 55,009 |
| Training | ||||
| Total | 142,718 | (91,150) | 0 | 51,568 |
| Total Funds | 1,207,609 | (165,067) | 0 | 1,042,542 |
38
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
16. Movement in Funds - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| Resources | Expended | in Funds | |||
| Unrestricted Funds | (£) | (£) | (£) | ||
| General | 800,966 | 859,346 | (58,379) | ||
| Football Development and Sports Participation | 1,299,998 | 1,304,148 | (4,151) | ||
| Youth and Community | 252,375 | 294,965 | (42,590) | ||
| Health and Wellbeing | 0 | 0 | 0 | ||
| Specialist Support | 0 | 0 | 0 | ||
| Education, Employability and Training | 441,192 | 409,989 | 31,204 | ||
| Total | 2,794,531 | 2,868,448 | (73,916) | ||
| Restricted Funds | |||||
| Football Development and | 153,707 | 169,653 | (15,945) | ||
| Sports Participation | |||||
| Youth and Community | 184,582 | 218,268 | (33,687) | ||
| Health and Wellbeing | 122,377 | 142,576 | (20,199) | ||
| Specialist Support | 369,293 | 380,874 | (11,581) | ||
| Education, Employability and | 170,158 | 179,897 | (9,738) | ||
| Training | |||||
| Total | 1,000,118 | 1,091,268 | (91,150) | ||
| Total Funds | 3,794,649 | 3,959,716 | (165,067) | ||
| At 1.4.22 | At 1.4.22 | Net movement | Transfer between | At 31.3.23 | |
| (£) | in Funds | Funds | (£) | ||
| Unrestricted funds | (£) | (£) | |||
| General | 847,465 | 160,078 | (192,067) | 815,476 | |
| Fixed Assets | 59,520 | - | 192,067 | 251,587 | |
| Football Development and | (111,108) | 20,921 | - | (90,187) | |
| Sports Participation | |||||
| Youth and Community | 56,692 | (31,359) | 22,519 | 47,852 | |
| Education, Employability and | 35,760 | 4,402 | - | 40,162 | |
| Training | |||||
| Total | 888,330 | 154,042 | 22,519 | 1,064, 891 |
39
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
16. Movement in Funds - continued
| At 1.4.22 | Net movement | Transfer between | At 31.3.23 | |
|---|---|---|---|---|
| (£) | in Funds | Funds | (£) | |
| Restricted funds | (£) | (£) | ||
| Football Development and | 4,310 | 4,402 | - | 8,712 |
| Sports Participation | ||||
| Youth and Community | 89,996 | (27,212) | (22,519) | 40,264 |
| Health and Wellbeing | (24,622) | 5,610 | - | (19,012) |
| Specialist Support | 31,379 | 16,628 | - | 48,007 |
| Education, Employability and | 32,218 | 32,529 | - | 64,747 |
| Training | ||||
| Total | 133,281 | 31,957 | (22,519) | 142,718 |
| Total Funds | 1,021,610 | 185,999 | (0) | 1,207,609 |
| Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement | |
| Resources | Expended | in Funds | ||
| Unrestricted funds | (£) | (£) | (£) | |
| General | 699,888 | (539,810) | 160,078 | |
| Football Development and | 1,221,943 | (1,201,022) | 20,921 | |
| Sports Participation | ||||
| Youth and Community | 465,600 | (496,959) | (31,359) | |
| Health and Wellbeing | 0 | |||
| Specialist Support | 0 | |||
| Education, Employability and | 323,792 | (319,390) | 4,402 | |
| Training | ||||
| Total | 2,711,223 | (2,557,181) | 154,042 | |
| Restricted Funds | ||||
| Football Development and | 121,320 | (116,918) | 4,402 | |
| Sports Participation | ||||
| Youth and Community | 203,211 | (230,423) | (27,212) | |
| Health and Wellbeing | 89,978 | (84,368) | 5,610 | |
| Specialist Support | 346,153 | (329,525) | 16,628 | |
| Education, Employability and | 191,801 | (159,272) | 32,529 | |
| Training | ||||
| Total | 952,463 | (920,506) | 31,957 | |
| Total Funds | 3,663,686 | (3,477,687) | 185,999 |
Transfers between Funds
A transfer from general funds to the fixed assets fund is made in respect of capital additions and disposals during the year.
40
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
Notes to the Financial Statements for the Year Ended 31 March 2024
17. Related party disclosures
Donations received during the period included:
- £172,873 (2023 - £158,749) from Brentford Football Club Ltd.
Other income received during the period included:
- £753 (2023: £41,733) from Brentford Football Club Ltd.
Expenditure for the period included:
- £196,014 (2023: £34,619) paid to Brentford Football Club Ltd.
Debtors at the balance sheet date included:
- £242,319 (2023: £2,877) owed by Brentford Football Club Ltd.
Creditors at the balance sheet date included:
- £194,351 (2023: £Nil) owed to Brentford Football Club Ltd.
During the year Brentford Football Club bought staff uniform to the value of £39,904 and donated it to the charity.
18. Ultimate Controlling Party
The charity is controlled by the Board of Trustees, who are the directors of the company.
19. Post Balance Sheet Event
On 9th July 2024, Brentford FC Community Sports Trust established a trading subsidiary, BFCCST Trading Limited, to engage in commercial activities that support the charity’s mission. This event is classified as a non-adjusting event as it occurred after the reporting period and does not provide evidence of conditions that existed at the end of the reporting period. Consequently, no adjustments have been made to the financial statements regarding this event.
41
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
This page does not form part of the statutory financial statements.
Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | |
|---|---|---|
| Income and Endowments from | (£) | (£) |
| Donations and Legacies | 381,956 | 348,769 |
| Investment Income | 20,964 | 2,639 |
| Gain/(Loss) on Sale of Fixed Assets | (325) | 3,218 |
| Other Income | 120,015 | 63,055 |
| Total | 522,610 | 417,681 |
| Charitable Activities | 3,272,039 | 3,246,005 |
| Total Incoming Resources | 3,794,649 | 3,663,686 |
| Expenditure | ||
|---|---|---|
| Charitable Activities | ||
| Wages | 1,792,364 | 1,695,806 |
| Social Security | 137,310 | 127,665 |
| Pensions and Healthcare | 35,373 | 32,686 |
| Premises Costs | 2,476 | 2,842 |
| Recruitment and Training | 34,471 | 27,183 |
| Trophies | 3,523 | 2,932 |
| Resources and Equipment | 100,388 | 113,507 |
| Facilities Hire | 334,860 | 281,482 |
| Equipment Hire | 220 | 1,430 |
| Sundry | 23,701 | 10,447 |
| Motor Expenses | 36,539 | 37,053 |
| Travelling Expenses | 51,427 | 27,616 |
| Marketing | 73,635 | 35,293 |
| Clothing | 4,926 | 8,687 |
| Entertainment | 6,279 | 5,953 |
| Online Sales Fees | 9,502 | 18,389 |
| Total Charitable Activities | 2,646,995 | 2,428,971 |
42
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024
This page does not form part of the statutory financial statements.
Statement of Financial Activities for the Year Ended 31 March 2024
| Support costs | 31.3.24 | 31.3.23 |
|---|---|---|
| (£) | (£) | |
| Management | ||
| Wages | 793,846 | 627,309 |
| Social Security | 75,979 | 65,469 |
| Pensions and Healthcare | 41,563 | 32,542 |
| Premises Costs | 139,154 | 110,458 |
| Insurance | 10,738 | 5,276 |
| Telephone, Computer & Internet | 95,331 | 58,425 |
| Postage and Stationery | 8,938 | 7,038 |
| Sundries | 13,437 | 9,925 |
| Meetings | 7,563 | 6,306 |
| Subscriptions | 8,713 | 7,757 |
| Professional Fees | 42,781 | 69,453 |
| Depreciation | 53,833 | 36,476 |
| Bad Debt Allowance | 6,458 | |
| Total Management Costs | 1,298,334 | 1,036,434 |
| Finance | ||
| Bank Charges | 2,927 | 762 |
| Governance costs | ||
| Auditors’ Remuneration | 11,460 | 9,000 |
| Accountancy Fees | 0 | 2,520 |
| Total | 11,460 | 11,520 |
| Total Resources Expended | 3,959,716 | 3,477,687 |
| Net Income / (Expenditure) | (165,067) | 185,999 |
43
BRENTFORD FC COMMUNITY SPORTS TRUST TRUSTEES REPORT AND FINANCIAL STATEMENTS 2023-2024