ROCHDALE AFC fooTBALL IN THE COMMUNITY TRUST (A COMPANY LIMITED BY GUARANTEE) Report and Financial Statements Perlod Ended 30 June 2024 Charity No. 1121850 Company No. 06394327
CONTENTS Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Income and EXpendltLe Account Balance Sheet 10 Notes to thc Accounts 11- 15
ROCHDALE AFC FOOTBALL IN THE COMMUNITY TRUST REPORT OF THE TRUSTEES AND BOARD OF DIRECTORS FOR THE PEIUOD ENDED 30 JUNE 2024 The trustees, who are also directors of the charity for the pwposes of the Companies ACL subn]it theii. report and the financial statements for the 18 month pei'iod ended 30 Jurle 2024. The trustees have adopted tbe provisions of the Ststement of Recommended Practice (SORP)"Accounling and Reporting by CharitLes" (FRS102) in preparing the report and financAal statem¥nts of the Lharity. REFERENCE AND ADMINISI'RA TIV£ DETAILS OF TIIE CHARITY. ITS TRLSTEES AND AJ)VISJ,:RS ,Staths J'he organisation is a registered charity and limited wmpany. Charity reEisliatiun Trubcr= 1121850 Company rcgi8ts'ation numbcr.. 06394327 Registered Office 2nd Operation Address Spotland Stadium, Wilbutts Lane, Rochdale, OLI15DR Trllstees and Board of Directors The directoiB of the charitable company are its tti]stees for the purposes of charity law. The trustees who have served during the year and since the year cnd were as follows.. C. Duckworth C Flett (app 119123) S. Gauge C. Hopkins J. Haworth-King A. Pockney D Higgins M. Bond A. Ul-Haq S. Hill (resigned 119123) STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The company is governed by its Memorandum and Articles of Association. Constltution and Organisational Structure Thc organisation is a chai'ltable Company limited by guarantee and opeiates under the direction of a minimum of three Trustces 'e appointed on the basis of the professional andlor personal skills thcy are able tu offcr ihe woth of the charity. OIUII CTIVES, ACTIVITIES A'D PUBLIC BENEFIT Thc McmoraThdum of Association stat&s that the charity's objecLs are.. _ "for tbe benefit of the pul)lic senei.ally and, in particular. the inhabitants of Rochdale, Greater Manchester and their sutToullding areas: _ to proinote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health. to provide and assist in providing facilities for Sport, Tecrcation or other leisurc time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and econornic circurnstances or for the public at large in the interests of social welfare and with the obJt of improving their conditions of life,. and to advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity"
ROcHD AFC FOOTBALL IN THE COMMttNITY TRUST REPORT OF THE TRUSTEES AND BOARD OF DIRECTORS FOR THE PERIOD ENDED 30 JUNE 2024 The charity's principal activity is the deliverance of programmes in footbaIl, spor¢ health and education. The trnstees confiTr that they have referred to the gllidance contsined in the Charity Commissioner's general guidance on public benefit when reviewing the charity's aiins and objectives. ACHIEVEMENTS AND PERFORMANCE Page 7 gives a detailed breakdown of incoming resources and how these resources are expended. Thc Rochdale AFC. c.0mmunity.l.nt is an official charity (registh'ation number 1121850) set up by Rochdale Association Football Club tu n]ake a positive impact aci'oss the borough of Ro¢hdale through community work &od charitsble pi"ojectg. We share the vision of ¥illg Rochdalc onc of thc best places in the world to live, work and play- a placc whcrc ALL voices ar¢ hc&rd. We use the power of football and our promincnl and privilcged stan(h"ng in the community lo raise aspirdtions and transform lives. The accounts presented here, with a reported £70k loss incurred during an exts'aordinary period within the Charity's history. Despitc significant challcngcs and headwinds, the Community Ttust h8s made significant impact in.. Community Sport,. Education and Employability including Altemative Provision- and Health and Inclusion. The challenges faced during this Financial Accounting period have been considerable.. The tiustees decided to apply lo extend the aceounting period from a 12-Jnonth period to an 18 months period for two main reasons. Firstly, the activities of the charity are wide ranging but one key and gl'owing area is the delivery of education provision, both at secondary age as well as post 16. These progrdnjrnes have seen Considerable groivth and now represent the largest part of the charity's activiti&s. Education works on an academic calendar basis and the January to December Calelld year the InLSt was operating to made planning and accounting difficult. b. Seeondly, the charity is rlosely associated to Rochdale AFC and receives Llmding fiDni bodies across the wider football business. As Rochdale AFC were relegated from the English Football League to the National League, these fillding amounts changed and again a July-June accounting year aligns more to a football scdson than the ealendar year approach currently undertaken. 2. The relegation to National Leaguc of Roehdale AFC after 117 ye&r8 of continui)us EPL membership had a deep impact on thL Lharity. There were significant losses of revenue for the charity, as the club's on-field leaoue position dictates from ii,hat funds it receives cerlain fulldcts, including thc English Football League Trust and Prcmier Leaguc Charitablc fiund, where funding was reduced by £35,000 and £45,000 respectively within the period. 3. The charity also received a sigt)ifi¢ani blow whcn a major partncr in thc dclivcry of thc Training GTound TTaineeship programme, Northcrn Training Alliance, went into liquidation owing the Community Trllst £36,437 for services alrcady dclivered. This i'esulted in the non-payment of a 2022 sales iThvoi¢e and a bad debi write off in this period. 4. Rochdale AFC also found itself in a precarious place. declaring firstly in November and then again in March that liquidation was ill)rninent unless ext¢rnal inv¢stment was found. This led lo a reduction of conunissioned seTViCCS against expectation, for insrance in grani funding totalliTLg £30k for disability 5POrts provision and a healih-related project. Staff ttllnovei. Mpas also increased during this period, with many experience41 and valued team members seeking more secure employment away from the charity over a short period. Although this led to the opportunity to reduce stsffing costs without i'edundancies, il did atyect income generation pmgran]mes and the appetite and ability for commissioning further work.
- The final consideration in ternis of the a¢counts presented is that th¢ Charity traditionally benefits from a higher contribution to suryiliis in July-Deceinber, due to the timetable of delivery. This 18 month period therefore included two leaner January-june periods wbich is an unusual challenge. Despite all these challenges, the Charity has successfully delivcred a significant pr0MMe of work and genei'ated a significant impact across the borough in tenns of Social Return on Investsnent. Itt summary, the mavement from a surplus of £33,927 in FY 22123 to the £71.555 loss presented here is explained by the loss ofpremicr Lcaguc ChaTitable Fulld income (£50,000) and F.FL 1'rst Core payment {£35,000) alongside the strategic decision lo wind back Militaiy Vcterans income, alnngside the bad debt a&8ociated with Northem Training Academy (£36,437) and the itnpact of ielegation on cornmissionable and trading activities. lil response to ieduced revenues, costs wcrc mallagcd th)wnwar(Ls too. but there was a delay and although other funding was found from football sources including the National League Trust it was not to the level of previous years. A separate Impact Report is available for the period 2022123 atLd 2023124 which shows that altbough the charity incurred a loss, it had ali increased positive iinpact on the lives of its beneficiaries and has worked positively on its mission to 'make Roclldale a better place to liv4 work and play, in spite of a number of challenging external factors. The trustees are confident that this was an ex¢eplion31 Ye and that the charity will operate in a surplusn)reak even position in future years and that charity reseeS 'e adequate to underwrite losses. RESERVES POLICY The charity's policy is to hold substantial sums in reserves in order to meet anticipated future expenditure. SILL COMPANY PROVISIONS This report has been prtrpaTcd having takcll advantagc of the Small Companies Exemption in the Companies Act 2006. Approved by the Trustees Lnd Board of Directors and signed oll its behaifby.'- NAME DIRECTOR CA(&L Date:
INDEPE4 NDEiYf EXAMINFR'S RF.PORT TO THE TRUSTF.F.S OF ROCHDALE AFC FOOTBALL IN THE COMMUNITY TRUST I report to the charity trnstees on rny examination of the accounts of the company for the period ended 30 June 2024 which are set out onpa8es6 to 1511. 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 Aet 2006 ('thc 2006 Act,). Having satisficd myself that the aceounts of the company are nol required tu bc auditcd undcr Part L6 of the 2006 Act and are eligible fur indcpcndent examination, I report in i'espeLt of rny exn[nation of your company's accounts as carLied out under section 145 of the Charities Aci 2011 ('thc 2011 Act,). In carying out my examination I have followed LUC DI[li0S given by the Charity Conunission under section 145(5)0)) of Ihc 2011 Act. Independent examiner's statement Since the company's gl'oss inconje exceeded £250,000 your examilleT must be a member of a body listed in sectiou 145 of the 2011 Act. T coTrfirrn that l am qllalifi¢d to undertake the examination because I am a rn¢rnber of the Ill5tiMle of Chartered Accountsnts in England and Wales (ICAEW), which is one of the listed bodies. I have coinpleted my examination. I confirn] that no inatters have coine to my attention in connection with the examination giving me cause to believe tbat in ally material respect.. accounting records were not kept in respect of the compally as rcquircd by section 386 of the 2006 Act= or the accounts do not accord witb 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 'trne and fair view, which is not a malteT Considered as part of independent examinatioll. or the accounts have not been prepared in aceordanee with the methods and principles of the Statement of Recommended Practice for accournling and reporting by eharities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appltcable in the UK and Republic of treland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attelltion should be drawn in this report in ol'der to enable a proper undcLBtsnding of thc accounts to be ieache(L Signed: Michael J Picl(up (FCA) Instithte of Chartered Accountants ill Ellgland and Wales PKW I.,LP Chartered Accountants Cloth Hall, A50 Drake Street Rochdale OL16 IPX Date'.-
ROCHDALF. AFC FOOTBALL IN THE COMIIIUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THL PLRIOD ENDED 30 JUNE 2024 INCOMING RESOURCES 18 month od ended 3010612024 YcaT ended 3111212022 Unrestricted Trknnd8 Reslri¢tcd Funds Total Funds Voluntary Income Incoming Resources fron) Charitable Activities Fundraising Inco¥ Investtnent Income 11,765 157,797 3,489 8L5 745,165 756,930 157,797 3,489 815 514.300 39,277 1.906 104 Totsl Incoming Resources 173,866 745 165 919,031 555 587 EXPENDED RESOURCES Cost of Charitable Activities Fundraising Costs Governance Costs 233.712 5,914 5.795 745,165 978.877 5.914 5.795 516.412 1,476 3,772 Total Resources Expended 245 421 745,165 990,586 521,660 Net Movement in Funds (71,555) (71,555) 33,927 Total Funds Brought Forward 229,872 229,872 195,945 Total Funds Carried Forward 158317 158,317 229 872
ROCHDALE AFC FOOTBALL IN THE COMIIIUNITY TRUST INCOME AIYD EXPENDITURE ACCOU'T OR THE PEIUOD ENDED 30 JUIYE 2024 18month eriod ended 3010612024 Year ended 3111212022 INCOMING RESOURCES Unrestricted Funds Restricted Funds Totsl Funds Voluntsry Income: . Donations and Sponsorship Grants 11.765 11,765 745,165 6,858 507,442 745,165 Total Incoining Resources 11,765 745,165 756,930 514300 Incomlng Resource5 from Charilable Activitles Coachin8 & Community Activities Soccer Schools Hire of Facilities 11,194 127,813 18,790 11,194 127,813 18,790 9,875 21,448 7,954 157 797 157 797 39,277 Fundraising Income 3,489 Investment ltteome: _ Bank Deposit Interest 815 815 Totsl Income Resources 173.866 745 165 919031 555,587 RESOURCES EXPENDED Costs of Cbarilable A¢tivitie5;. Salaries Pension Contributions Activity costs Hire of Facilities Rochdale AFC Motor and Travelling ExpeThses Printing, Postage, Stationeiy and Marketing Purchase ofsporlswear and Equipment Training and Courses incl. College Bursaries Refres]Iments, Catering & Hospitality Insurance Professional Fees Sundry Expellses Depreciation IT and office equipment Bad d¢bt expense 143,337.85 2,187.53 5,918.55 10,127.64 9,840.00 10,392.39 6,743.25 10.474.53 867.07 3,991.25 213.02 8,103.02 4,520.04 2,916.87 5,333.42 458,982.44 6,927.18 18,742.07 32,070.85 31,160.00 32,909.23 21,353.64 33,169.36 2,745.71 12,638.95 674.57 25,659.57 14,313.48 9,236.77 16,889.16 27 692.03 745.105.00 602,320 9,115 24,661 42,198 41,000 43,302 28,097 43,644 3,613 16,630 887 33,762 18,834 12,154 22,223 368,867 6,027 32,010 22,740 12,927 10,681 15,049 1,898 6,988 24,132 1,058 4,484 8,734 233,712 978,877 516412 CONTINUED
ROCHDALE AFC FOOTBALL IN THE COMMUNITY TRUST INCOME AND EXPENDITURE ACCOULNT CONTINUED FOR THE PERIOD ENDED 30 JUNE 2024 Fundraising Costs". 5.914 5,914 1,476 Governance Costs: . Bat& Charges & Interest Payroll Proeessillg Accountancy Independent Examination Fee 233 3,822 1,289 451 5,795 245 421 71,555 233 3,822 1,289 451 5,795 990 586 220 1,932 1,210 410 Total Resources Expended Net Movement in Funds 745 165 521,660 33,927
ROCItDALE AFC FOOTBALL IN THF. COMMUNryTY TRUST BALANCE SHEET AS AT 30 JUNE 2024 IYOTES 2024 2022 FIXED ASSETS Tangible Assets Inves¢ments 23,750 25,000 48,750 30,718 25,000 55.718 CURREIYT ASSETS Debtors Cash at Bank and in Hand Stock 59.119 59.205 2,765 121,089 102,067 134,289 2,765 239,121 CREDITORS {Am0ts f2JlinE duc within one year io 11,522 64.967 NET CURRENT ASSETS 109,567 174 154 TOTAL NET ASSETS 158,317 229 872 FUNDS Unrestricted Fund 158,317 229,872 TOTAL CHARITY FUNDS 158317 229,872 The notes on pages I l and 15 foin) part of these accounts For the period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibilities:_ i ) the members have not required the company to obtain an audit of Ats accounts for the year in question in accordance with section 476 il) the dii'ectors acknowledge theii. responsibilities for complying with the requirements of the Act with respect to accounting records and the preparatiotL of accoullts The accounts have been prepared in accoi'dancc with thc provisioDS applicable to companies subject to thc small companies, regime and in accordance witb FRS 102 SORP. These fjnancial st&tements were approved and authorised for issue by the TIu8tees and Board of Directors on . Signed on behalf of the Board of Trustees CW) NAME DIRECTOR L VONQ ki(klJ 10
ROCHDALE AFC FOOTBALL IN THE COMMUMTY TRUST NOTES TO THE ACCOUNTS FOR THE PERJOD ENDED 30 JUNE 2024 I. ACCOUNTING POLICIES Basis of Accounting The Charity constitutes a public benefit entity as defLned by FRS 102. The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Stat¢m¢nt of Reconunended Practice applicable to Charities preparing their accounts in cordanCe with th¢ Financial R¢porting Standard applicable in the UK and Republic of treland issued An October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 201 I, the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are pi'epared on a going concern basis under the historÉcal cost convention. The financial statements are presented in sterling which is the ftmctional currency of the Charity. The significant accounting polici¢s applied in the preparation of these financial statements are set out b¢loNv. These policies have been consistently applied to all years presented unless othenvise stated. Company Status The charity is a company limited by guarantee, registered in England and Wales. The members of the company are the trustees named on page l. IJJ tlie event of the clwity being wound up the liability in respect of the guarantee is lin]ited to £1 O per tnember. Futtd Aeeounting Unrestricted funds are available for use at the discretion of the trustees in fiwtherance of the general objectives of the charity and have not been designated for other purposes. Restricted fidS are fldS which are to be used in accordance with specific restrictions imposed by donors. The cost of raising and administering such funds are charged against the specific lld. Investment Income nvestment income is allocated to the appropriat¢ fund. Income Recognition All incoming resources are included in the Statement of Financial ActlVAties (SOFA) when the Charity becomes entitled to the income. it is rnore likely tl)an not that the trustees will receive the income. the monetary value can be measured with sufficient reliability. Grants and donations are only valued in the SOFA when the general income recogrtition ciiteria are met.
ROCHDALE AFC FOOTBALL IN THE COMMUNITY TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 30 JUNE 2024 Expenditure Recognition All cxpenditure is accounted for on an accruals basis and has been clas8ified unda. headings that aggregate all costs reIated to the catcgory. Where costs cannot be directly attributed to particular headings thLy hdVL bLcn alloLated to activities on a basis consistent with use of the resources. Costs of charitable activitics are those costs incued directly in support of expenditure on thc objccts of thc charity. Govern{Ce costs are those incurred in connection witb indcpendenL examination, accountancy, preparation of Stathry accounts, and sundry admtnistrdtion costs. Pension Premiums Defed contribution scheme premiums are charged to the SOFA in the period in wbich they are paid. Operating Leases Rentals applicable to operating leases are charged to the SOFA over the period in which the cost As incurred. Tangible Fixed Assets Fixed Assets aTe stated in the Balance Sh¢¢t at cost less depreciation. Depreciation on fixed assets is charged annually, on a straight-line basis at 330/0 per annum. 2. TAL4TION I'he charity was fornied to raise funds and to invite and receive contributions by way of subscriptions and donatsons to promote youth football and educalional facilitics. Funds rLiscd arc utilised towards tbe cost of arranging and rnaintainiiig these objectives. The charity does not trade for profit. As stipulated in the charity's n)cmoralldum the assets remaining on the winding llp or diqsolutian wauld not bc distributed to mernbers but given to another charitablc institution with siKnilaT objectives, consequently, any operaling su1ScS are considercd exempt from corporation tax. The charity enjoys charitable status and so is not liable to UK corporation tax on its interest received. 3. GRANT INCO.ME Government gr&nt income of £nil (2022: £nil) comprising Coronavirus lob Retention Scheme Grant Jnonies was re1Ved during the year in respect of government support during the Coronavirus Pandetnic. 12
ROCHDAIE AFC FOOTBALL TN TIIE COMMUNITY TRUST NOTES TO THE ACCOUN'I'S DOR I'HE PERIOD ENDED 30 JUNE 2024 4 TOTAL RESOURCES EXPENDED 'Total resources expended include: 2024 2022 Independent Examination Fee 451 410 5 TRUS'I"EE'S RENUMERATION The trustees ieceived no emoluments during the year (2022: nil) 6 STAFF COSTS Wages and salaries Social Security costs Pension Costs (defRned contributions) 532,602 69,718 9,115 611,435 346,865 22,002 6,026 374,893 The average number of employccs WCTC: Charitablc activities Management and administration 16 15 18 17 There were no employees earning £60,000 or over 7 FIXED ASSETS Fixtures, Fittings and Equipment Total Cost As at l January 2023 Additions 44,645 5,185 44,645 5,185 As at 30 June 2024 49,830 49,830 Depreciation As at l January 2023 Charge for the Year 13,927 12,154 13,927 13,882 As at 30 June 2024 26,080 27,809 Net Book Valuc As at 30 June 2024 As at 31 December 2022 23.750 22,021 13
ROCHDALE AFC FOOTBALI, IN THF COMMUNITY TRUST IYOTES TO THE ACCOUN]'S FOR THE PEIUOD ENDED 30 JUINE 2024 INVESTMENTS The investment comprises of 12,500 ordinary shares in Rochdale AFC, which were puirh&sed in 2021. The shares are unlisted and have been valued at cost. 9 DEBTORS Trade Debtors Accrued incotne and repayments Prepaymcnts 2023 6,332 50,270 2,517 2022 102,067 59.119 102,067 10 CREDITORS Amounts faljin vith one ear Trade CTeditois Taxation and Social Security Accrual and Deferred Income 2.624 29,523 32,820 4,825 6,697 11,522 £nil income rcccived during the year (2022.. £31,750) has been carried forward and is included in Accruals and Deferred income. The income was received to support activities that will bc carricd out in 2023 and 2024. 14
ROCHDALE Afic FOOTBALL IN TIIE COMMUNITY TRUST NOTES TO THE ACCOUF41'S Tr'OR'fHE PERIOD ENDED 30 JUNE 2024 11. FUND RECONCILIATION Balance at l January 2023 In¢ome Expenditure Balance at 30 June 2024 UNRESTRICTED FUNDS General Funds 229,872 173,865 245,421 158,317 LS"rcTED FUNDS Abilily Counts Action Tog¢th¢r Education f,ngaging Rocbdale Project FIT grads FL Community Trood Pantry Healthy Weight Management Independcnt Age Ladies Football League Football Education National League National Lottery 2,418.60 9,345.48 6,840.00 1,025.00 8,366.70 46.816.60 514.63 11,292.00 20,000.00 6,076.00 257,253.72 12,500.00 9,407.00 (2,418.60) (9,345.48) (6,840.00) (1.025.00) (8,366.70) (46,816.60) (514.63) (11,292.00) (20,000.00) (6,076.00) (257,253.72) (12,500.00) (9,407.00) k.11 NTA Graduates Premier League Premier League fan clubs Rochdale Council - Economic Affairs Get Active Rochdale Council- Community welfare advice Schools The MSE Charity Together with Refuge Triangle Trust Veterens Found Walking Football Wildcats Youi" TnLSt Premier League Stars 38,936.88 81,277.00 5,000.00 5,327.00 7,500.00 82,230.39 6,930.00 5,250.00 45,000.00 11,750.00 960.00 3,148.00 10,000.00 50,000.00 (38,936.88) (81,277.00) (5,000.00) (5,327.00) (7,500.00) (82,230.39) (6,930.00) (5,250.00) (45,000.00) (11,750.00) (960.00) (3.148.00) (io,000.oo) (50,000.00) TOTAL FUNDS 229,872 919,030 990,585 158.317 12. RELATED PARTY TRANSACTIONS There are no related party transactions ¢xpens¢s to Trustees during the period (2022.. nil). 15