CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) UNAUDITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Registered Charity No. 1113503 RegiSted Company No. 05347584
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) CONTENTS Page Legal and Administrative Information Trustees, Annual Report Independent Examiner's Report Ststement of Financial Activities Balance Sheet Notes to the Financial Statements 9-15
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) LEGAL AND ADMINISTATIVE INFORMATION Trustees The trustees who served on the Executive Committee during the period and their appointing bodies, where appropriate, were.. Mr C H Grant {Chairmanl - Crewe Alexandra FC Limited Mr M A Blakemore- (Secretary and Treasurer) - Crewe Alexandra FC Limited MrPAKent Mrs L C Smith Mr P Antrobus Mr S M Whitby Mrs L J Buchanan - appointed 23 November 2023 Registered office and principal address Crewe Alexandra in the Community Limited Crewe Road Shavington Crewe Cheshire CW2 SAF Registered Charity number- 1113503 Company registration number- 05347584 Independent Examiners Afford Bond Holdings Limited Chartered Accountants 31 Wellington Road Nanlch Cheshire CW5 7ED Bankers Naest Bank PLC The Square Crewe Cheshire CW12HN Solicitors Bowcock Cuerden LLP South Cheshire House Manor Road Nanlch Cheshire CW5 5LX Page 1
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the unaudited financial statements for the year ended 30 June 2023, which are also prepared to meet the requirements for a directors, report and accounts, lo comply with the Charities Act 2011 and Companies Act 2006. The trustees have adopted the provisions of the Statement of Recommended Praclice {SORP) 'Accounting and Reporting by Charities" (FRS 102) issued on 16 July 2014, effective from 1 January 2015, logether with Update Bulletin 1 published on 2 February 2016 in preparing the annual report and financial statements of the charity. The charity is a charitable company limited by guarantee and was sel up on 31 January 2005. It is governed by a memorandum and articles of association. Reference and administrative details of the Charity. its management and advisers The charitable company's name is Crewe Alexandra in the Community Limited. The other reference and administrative details of the charity are as stated under the legal and administrative information on page 1. The charity trustees who served during the year and up to the date of Ihis report are as follows'.- Mr C H Grant IChairman)- Crewe Alexandra FC Limited Mr M A Blakemore- (Secretary and Treasurer) - Crewe Alexandra FC Limited MrPAKenl Mrs L C Smith Mr P Antrobus Mr S M Whitby Mrs L J Buchanan - appointed 23 November 2023 structure and governanco The company was eslablished under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The charity is a charitable company limited by guarantee and in the event of the charity being wound up membefs are required to contribute an amount not exceeding £10. Risk management The trustees have conducted a review of the major risks to which the charity is exposed. INhere appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions. Procedures are also in place to ensure compliance with the health and safety of staff and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity. Trustees, responsibilities statement The trustees {who are also directors of Crewe Alexandra in the Community Limited for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Page 2
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) Trustees, responsibilities statement- continued Company law requires the trLtsStees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required lo: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2015 (FRS 102) make judgements and estimates that are reasonable and prudent- state whether applicable UKAccounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial position of the charilable company and enable them to ensure that the financial statemenls comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Objectives and activities Objectives The objectives of the Charity, as set out in its governing document are'.- to promote the benefit of the inhabitants of Crewe and Nanlch and the neighborhood without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to promote facilities in the interesls of social welfare for recreation and leisure time occupation wilh the object of improving the conditions of life for the said inhabitants. b) to establish or to secure the establishment of a sports and community centre and lo maintain and manage, or to co-operate with any local statutory authority in the maintenance and management of such a centre for activities promoted by the Charity and constituent bodies in furtherance of such objects. Activities undertaken for the public benefit in relation to these objectives The trustees have had due regard to the guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake to meet the slated objectives. The governing document notes the powers the trustees may exercise in furtherance of the charitable company's objects. The sports and community centre hosts some of the most innovative facilities in the UK. The full sized cushioned astroturf and special shock absorbent goalkeeping area allows the Centre's FA qualified coaches to provide a wide range of coaching and other soccer based activities. The cenlre takes great pride in providing a safe, fun and educational area for local people to enjoy the game of football in an inclusive environment teaching both boys and girls from the ages of four and upwards. It also encourages the better players around the area to be selected for the Crewe Alexandra Academy. Page 3
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) Achievements and performance The centre continues to host a wide range of activities and includes courses for girls, tiny-tots, children with special needs and goalkeepers. The facility also provides walking football, Saturday clubs, birthday parties, adult and mini soccer leagues, school multi sports, and holiday clubs. The centre's community manager and his dedicated staff go out inlo the surrounding areas to visit local schools and community projects. Turnover and activity levels, posl Covid restrictions, remain strong in spite of the difficult economic environment. The centre continues to monitor and maintain control of its costs in line with budget. The trustees are pleased with the results for the year. Financial review Policy on reserves The trustees believe that it is in the charity's best interests to retain a reasonable level of reserves in order to ensure that the charitable objectives can continue to be met effectively without any unnecessary disruptions which may occur due to unforeseen circumstances. Some of the unrestricted funds, as shown in the balance sheet, are represented by fixed assets held for use within the charity, so these are to be excluded from Ihe funds balance in order to give a better representation of the level of reserves that are freely available for immediate use in achieving the charitable objectives. This basis has been used to calculate the freely available reserves figure noted below. The freely available reserves for the year ended 30 June 2024 is calculated to be £127,027 (2023 £47,061). The trustees aim for the level of freely available reserves to be at least £1,000. The trustees monitor the level of reserves at the end of each financial year in order that they can review and update the policy to ensure that it continues to reflect the perceived levels of expenditure anticipated, given the most recent and expected future circumstances, and also allows sufficient funds to be instantly available lo be able to meet any unforeseen expenses. The risks and uncertainties facing the charity are considered by the trustees, as far as practicable, so that the level of future charitable activities can be adeqLtately planned for. The trustees are confident that they can continue to grow the charity over the next few years. Overall, the trustees have established a policy whereby the charity has sufficient liquid reserves lo allow for the continued operation of the Alexandra Soccer and Community Association for at least the next twelve months. Further financial review The charity makes cash deposits with high street banks which have a low level of risk, the funds are easily accessible and offers an a¢ptable rate of interest. The results of the charity for the year are shown in the statement of financial activities and the position of the company at the year end is shown in the balance sheet. Page 4
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 {CONT'D) Declaration This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption in the Companies Act 2006. This report was approved by the board of direclors and signed on behalf of the charily's trustees by.. Grant Chairman Mr M A Blakemore Treasurer Date: Page 5
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) INDEPENDENT EXAMINERS'S REPORT TO THE TRUSTEES OF ALEXANDRA SOCCER AND COMMUNITY ASSOCIATION I report on the accounts of the Alexandra Soccer and Community Association (registered charity number 1113503, company registration number 05347584) for the year ended 30 June 2024 which are set OLSt on pages 7 to 15. Responsibilities and basis of report As the charity trustees of the company (and also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied myself that the accounls of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect ofmy examination ofyourcompany's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5) (b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act. or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK IFRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of Ihe accounls to be reached. David Bailey FCA For and on behalf of Afford Bond Holdings Limited Chartered Accountants 31 Wellington Road NanlCh, Cheshire CW5 7ED Date.. 1911(12aL(I Page 6
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Unrestrittedtfotal Unrestrictedrrotal funds funds yle yle 30.6.2024 30.6.2023 Notes Income and endowments from: Charitable activities 521,238 451,470 Total income and endowments 521,238 451,470 Expenditure on: Charitable activities SLtpport costs other operating expenses 288,875 175,440 285,511 149,401 Total expenditure 464,315 434,912 Net expendituro before transfers 56,923 16,558 Transfer between funds 13 (8,739) (8,739> Net movementlexpenditure in funds for the year 48,184 7,819 Reconciliation of funds: Total funds brought forward 444,905 437,086 Total funds Carried forward 14 493,089 444,905 All income and expenditure derives from continuing activitie5. The statement of financial activities includes all gains and losses recognised in the year. Page 7
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) BALANCE SHEET AS AT 30 JUNE 2024 Notes 30.6.2024 30.6.2023 Fixed assets: Tangible assets 440,080 470,741 Current assets: Debtors Cash at bank and in hand 29,661 127,027 32,300 47,061 Total current assets 156.688 79,361 Liabilities: Creditors= amounts falling due within one year 12 103,679 105,197 Net current assets 53,009 {25,836} Total net assets 493,089 444,905 The funds of the charity: Unrestricted funds General funds 14 295,081 238,158 Designated funds- Capital provision 14 198,008 206,747 Total charity funds 493,089 444,905 For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of Ihe Companies Act 2006 relating to small companies. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved and authorised for issue by the board of directors and signed on behalf of the charity's trustees by.. MrCHGra Chairman Mr M A Blakemore Treasurer Date: i ¥lii IWY Company registration number 05347584 Page 8
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies 1.1 Company status The charity is a company limited by guarantee and has no share capital. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liabilily in respect of the guarantee is limited to £10 per member of the charity. The registered office is The Alexandra Soccer Centre, Crewe Road, Shavington, Crewe, Cheshire, CW2 SAF. 1.2 Basis of preparation The financial statements have been prepared on a going concern basis under the historical cost convention, unless othetwise stated, and in accordance with the requirements of the Charilies Act 2011 and Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency ofthe company. Monetary amounts in these financial statements are rounded to the nearest £. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities. {FRS 102} issued on 16 July 2014, together with Update Bulletin 1 published on 2 February 2016 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective January 2015)- The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presenled unless otheise stated. 1.3 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been sel aside for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. 1.4 Income recognition All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income and after any performance conditions have been met, the amount can be quantified with reasonable accuracy. Vvhere incoming resources have related expenditure. as with fundraising evenls, the incoming resources and related expenditure are reported gross in the SOFA and are not offset unless otheiSe required by the SORP. Page 9
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donations, requiring a level of performance before obtaining entitlement, the income is deferred until those conditions are met. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. Where legacies have been notified to the charity but it is not possible to determine the amount expected, the legacy is treated as a contingent asset and disclosed. Gifts in kind donated for distribution to the beneficiaries are included at valuation and recognised as income upon receipt, where practicable. If such a valuation cannol be determined without undue cost and effort, then it is recognised within donations on distribution and an equivalent amount shown within charitable expenditure. Gifts donated for resale are included at fair value, being the expected sale proceeds less any expected cost of sale, in income from other trading activities on receipt, unless determining the fair value is impractical, in which case the income is not recognised until the item is sold. Donated facilities are recognised in income at fair value when the economic benefit is probable, it can be measured reliably and the charity has control of the item, with a corresponding amount recognised in expenditure. No amounts are included in the financial statements for time donated by volunteers in line with the SORP {FRS 102) Interest receivable on funds held on deposit is included when receivable and the amount can be measured reliably, normally upon notification by the bank. 1.5 Expenditure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where Ihere is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. The charity is nol registered for VAT. Irrecoverable VAT is charged as a cost againsl the activity for which the expenditure was incurred. Expenditure is classified under the appropriate activity headings.. Expenditure on raising funds includes all expenditure incurred by Ihe charity to raise funds for its charitsble purposes but do not include those costs incurred in direct support of the charitable activities. It includes the costs of all fundraising activities and events, seeking donations, non-charitable trading activities and the costs of managing investments., Expenditure on charitable activities are those costs incurred by the charity in undertaking activities for the furtherance of its aims and objectives for the benefit of its beneficiaries and include support costs and costs relating lo the governance and administration of the charity. Other expenditure is any other expenditure which is not related to fund raising for charitable purposes or spent towards achieving the charitable objectives. Support costs are those functions whish assistthe work of the charity but do not directly represent charitable activities, including personnel, finance, administration and governance costs. Where support costs are unable to be directly altribuled to particular activity headings, they are allocated between the cost of raising funds and expenditure on charitable activities on a basis consistent with the use of the resources. Where applicable, the basis of apportionment is stated in the analysis of support costs. Fundraising costs are those expenses incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Page 10
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) 1.6 Tangible fixed assets and depreciation Tangible fixed assets are capitalised if they are material in value and can be used for more than one year. They are stated at cost, unless they are gifted, including any incidental expenses of acquisition and those costs required to get the assets operating as intended. Gifted assets are brought in at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful economic life as follows- Freehold land Freehold buildings Playing surfaces Fencing and floodlights Equipment and fixtures Motor vehicles nil per annum 2.5°/o per annum straight line 7 years straight line 100/0 per annLtm straight line 15 % per annLtm reducing balance 3 years straight line No depreciation is charged on the assets until they come into operational existence. 1.7 Debtors and creditors Debtors and creditors are recognised at the settlement amount due after any discounts offered. Provisions arise where, at the balance sheet date, the charity has a present obligation resulting from a past event which is probable to result in an outflow of economic benefits and the amount due to settle the obligation can be reliably estimated. Losses arising from impairmenl are recognised in expenditure. 1.8 Pension costs The charitable company operates a defined contribution scheme for the benefit of certain employees. The costs of contributions are charged against profits in the period they are payable. 1.9 Financial instruments The charitable company only has basic financial assets and liabilities. Basic financial instruments are initially recognised al transaction value and subsequently measured at their settlement value. 1.10 Taxation The charitable company is exempt from corporation tax on its charitable activities. 1.11 Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for Iwelve months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page11
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) 30.6.2024 30.6.2023 Income from charitable activities Hire charges Football League Trust other income, scholarships, grant funding 420,808 35,000 65,430 343,725 35,000 72,745 521,238 451,470 All income from charitable activities was attributable to unrestricted funds. Expenditure on charitable activities Support costs Wages and salaries Social security costs Pension costs 261,592 22,253 5,030 257,461 22,189 5,861 288,875 285,511 Expenditure on charitable activities Other operating expenses Equipment and supplies Sponsorship, grants and projects Trophies Repairs, servicing and maintenance Stationery and postage Publicily Electricity, gas and rates Telephone Insurance Bank charges Book-keeping Independent examiners fee Motor expenses Cleaning and sundry Depreciation Capital grant released 4,791 42,231 1,690 32,384 1,893 800 30,656 2,486 6,296 10,097 1,760 2,500 10,626 2,813 33,156 {8,739) 4,929 29,355 779 30,408 995 2,582 22,361 1,742 6,748 4,522 3,620 2,500 12,209 2,892 32,498 (8,739) 176,440 149,401 A51 expenditure on charitable activities was attributable to unrestricted funds. Due to the size and nature of the charity, expenditure on charitable activities is unable to be analysed between distinct lypes of activity. The activities undertaken by the charity to achieve rts objectives are not separately identifiable as each area is dependent on the rest to enhance the knowledge provided. Page 12
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) Net incomel(expenditure) for the year 30.6.2024 30.6.2023 Net incomelexpenditure is stated after charging Depreciation of tangible fixed assets 33,156 32,498 Independent examiner's remuneration Independent examiners fee 2,500 2,500 Staff numbers and costs The average monthly number of employees during the year was as follows 30.6.2024 30.6.2023 Executive committeeltrustees Management and coaches 14 16 21 23 Staff costs Wages and salaries Social security costs 261,592 22,253 257,461 22,189 No employee received total employee benefits of more than £60,000 for either of the two years ended 30 June 2024. Trustees and key management personnel remuneration The trustees neither received nor waived any emoluments during the years ended 30 June 2024. Key management personnel comprise the trustees who are also the directors of the charilable company. The aggregate compensation paid to key management personnel was £nil (2023 £nil). Trustees expenses and related party transactlons There were no trustee expenses or related party transactions during the years ended 30 June 2024. Pension costs The charity operates a contributory pension scheme. It is a defined contribution scheme and contributions are charged in the statement of financial activities as they accrue. The charge for the year amounted to £5,030 (2023 £5,861>. Page13
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 {CONT'D) 10. Tangible fixed assets Equipment, fixtures and motor vehicles Freehold Pitches land and fencing and buildings floodlights Total Cost At 1 July 2023 Additions Written-off during period 420,572 435,893 72,116 2,495 938,581 2,495 At 30 June 2024 420,572 435,893 84,611 941,076 Depreciation At 1 July 2023 Charge for the period Written-off during period 228,947 9,576 169,321 21,325 69,572 2,255 467,840 33,156 At 30 June 2023 238,523 190,646 71,827 500,996 Net book value At 30 June 2023 191,625 266,572 12.544 470,741 At 30 June 2024 182.049 245,247 12,784 440,080 No value has been assigned in the financial statements to the lease of the Shavington site. Costs of £37,500 relating to the purchase of Freehold land have not been depreciated. 30.6.2024 30.6.2023 Debtors Due within one year Trade debtors Prepayments and accrued income 28,051 1,610 29,122 3,178 29,661 32,300 12. Creditors: amounts falling due within one year Trade creditors Covid bounce back loan Accruals and deferred income 80,013 19,876 3,790 69,282 28,737 7,178 103,679 105,197 Page 14
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 (CONT'D) Capital provision Capital grants received in respect of the construction of the Shavington site are being crediled to Financial Activities over the useful economic lives of the assets to which they relate. The Shavington site is fully constrL¢Cted and operational and as such the Capital provision has been classified as an unrestricted designated fund. 30.6.2024 30.6.2023 At 1 July 2023 Credit to the statement of financial activities 206,747 {8,739) 215,486 {8,739) At 30 June 2024 198,008 206,747 14. Funds reconciliation Balance at 1.7.2023 Incoming Resources resources expended Balance at 30.6.2024 Unrestricted funds Designated reserves General reserves 206,747 238,158 (8,739) (464,315) 198,008 295,081 521,238 Total funds 444,905 521,238 (473,054) 493,089 General reserves represent the free funds of the charity that are not designated for particular purposes. 15. Analysis of net assets between funds Unrestricted Designated Restricted funds funds funds Total funds Tangible fixed assets Cash at bank and in hand Other net current assetsl{liabilities) 242,072 127,027 (74,018) 198,008 440,080 127,027 (74,018) Total net assets 295,081 198,008 493,089 16. Control The charitable company is controlled by the trustees, who are also the membersldireclors of the charity for the purposes ofthe Companies Act. Every member has a vote, so no individual member has overall control. Page15
CREWE ALEXANDRA IN THE COMMUNITY LIMITED (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 30.6.2024 30.6.2023 Incoming resources Hire charges Football League Trust Other income, scholarships, grant funding 420,808 35,000 65,430 343,725 35,000 72,745 Total income 521,238 451,470 Resources expended Wages and salaries Social security costs Pensions costs Equipment and supplies Sponsorship, grants and projects Trophies Repairs, servicing and maintenance Stationery and postage Publicity Electricily, gas, water and rates Telephone and internet Insurances Bank charges Independent examiners fee Book-keeping Motor expenses and leasing Cleaning and sundry Depreciation of assets Capital grant released 261,592 22,253 5,030 4,791 42,231 1,690 32,384 1,893 800 30,656 2,486 6,296 10,097 2,500 1,760 10,626 2,813 33,156 (8,739) 257,461 22,189 5,861 4,929 29,355 779 30,408 995 2,582 22,361 1,742 6,748 4,522 2,500 3.620 12,209 2,892 32,498 (8,739) Total resources expended 464,315 434,912 Net profit 56,923 16,558 Page 16