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← Carlisle United FC Community Sports Trust

2024-06-30-accounts

Charity registration number 1126600

Company registration number 06731387 (England and Wales)

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr S Smith Ms JA Nicholson Mr Andrew Gordon Mr GJ Hastings Mrs H Brough (Appointed 5 October 2023) Ms A Piatak (Appointed 20 March 2024) Mr N Clibbens (Appointed 20 March 2024) Ms H J Dawson (Appointed 24 January 2024) Key management personnel Mr J Tose Charity number 1126600 Company number 06731387 Registered office Brunton Park Warwick Road CARLISLE CA1 1LL Independent examiner Mrs Lindsay Farrer BA(Hons), FCA, FABRP Saint & Co Chartered Accountants Sterling House Wavehill Drice Rosehill Carlisle Cumbria CA1 2SA Bankers Virgin Money 82 English Street Carlisle Cumbria CA3 8HP

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Statement of cash flows 11
Notes to the financial statements 12 - 25

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their annual report and financial statements for the year ended 30 June 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's governing document, the Companies Act 2006 and "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).

Objectives and activities

Our purpose can be summarised as follows:

Our mission is to inspire people to participate, develop and achieve their goals through the power of sport.

Our Values:

To ensure we maintain focus and direct our expertise to best serve the community, we have taken the opportunity to restructure our organisation into 3 distinct categories:

Achievements and performance

Significant activities and achievements against objectives

We continue to have the challenge of developing new programmes whilst seeing some of our existing projects come to an end. The Trustees are proud of the way the whole team have pulled together to meet these challenges and create new and exciting projects reaching all parts of the community.

Our key projects/programmes during 2023/24 have been:

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

Education

In response to the strong and increasing demand for places on our highly acclaimed educational courses, it was decided to extend our educational facilities. In July we took possession of space in the former Newman School building, 2 classrooms and amenities were created. And so, our very own Community Sports College was founded. The College became operational on 4th September 2023. By May 2024 the demand for places at the College was such that plans were drafted to take a lease on a further classroom to be operational from September 2024.

The Community sports College has very quickly become established and is the bustling heart of our educational services.

Delivery

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

Inclusion

The Trust was delighted to be recognised for its inclusion work. At the Diverse Cumbria Awards we received a Special Recognition award for work done in the community and a member of the team was awarded the Education Champion award.

From the spring of 2024 the Trust has taken on responsibility for managing EDI Inclusion for both Carlisle United FC and the Trust. It is anticipated that a combined approach will ensure synergy and shared best practices across both entities.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

Over the year we have increased the number of projects from 22 to 30. 5,000 sessions were delivered, engaging with over 24,500 unique participants from across all corners of the community.

We are especially thankful for the support and co-operation received from Carlisle United Football Club and look forward to continuing our strong working relationship.

Financial review

During the year, total incoming resources amounted to £694,259 (2023: £581,858) which resulted in net incoming resources of £13,767 (2023: £24,448). As at 30 June 2024, the charity held total reserves of £715,705. Included in unrestricted reserves were brought forward designated funds of £60,000 relating to Community Sports College. The closing balance on this fund is £42,122. The charity’s current level of unrestricted free reserves (total funds less the amount held in restricted funds, unrestricted fixed asset funds and designated funds) is £528,221. Restricted funds at the year-end totalled £56,392. Unrestricted tangible fixed assets of £88,970 are held for use by the charity and can only be realised by the disposal of these assets.

Financial outlook :

Numerous factors continue to create uncertainty and pressures on the UK economy. The 'cost of living crisis' continues. The Trust, like many other enterprises, is continually having to review its plans and operations to ensure that we innovate and adapt to the ever changing social and financial environment. The trustees are grateful to the management and staff for their continued enthusiasm and dedication to meet and exceed expectations thereby ensuring that we continue to best serve the community whilst remaining financially sustainable. With no expected easing of the financial pressures in sight, the trustees continue to monitor the financial position closely.

Reserves Policy

The trustees have reviewed our reserves in line with the guidance issued by the Charities Commission. The total reserves at 30 June 2024 were £715,705 (2023: £701,938) of which £528,221 (2023: £564,477) was free unrestricted. The trustees' aim as best practice, is to hold sufficient funds to meet the running costs of the charitable company for a period of 12 months. Running costs for 2024 were £680,492 which was less than total reserves, but still exceeds free unrestricted reserves.

Investment Policy

The charitable company has the power to deposit or invest unrestricted funds in any manner it sees fit after obtaining advice from a financial services expert and having due regard to the sustainability of investments and the need for diversification. The charitable company has invested funds in various UK bank savings / investment accounts which earn interest.

Risk Management

The trustees have undertaken a review of the major risks to which it is exposed. After discussion with insurers, a policy has been taken out to cover identified insurable risks.

A review of uninsurable risks has been undertaken and a risk register has been established to ensure due processes and policies are in place to mitigate the various risks. This register is subject to regular review. The main uninsurable risk facing the charitable company is the uncertainty of future income. To lessen the risk, the charity holds sufficient funds within its reserves to cover a short-term fall in income.

Public Benefit

The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm provision has been provided by having aims that fall within the charitable purposes of the advancement of education, health and amateur sport.

The latest figures we have receive from the EFL suggest that the total social value added to the community amounts to over £6.8m with key contributions to physical and mental health, social wellbeing and education and employment.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

Plans for future periods

Strategic Review

We have a strategic plan in place running to 2025. To ensure our plan remains dynamic, the trustees seek direct feedback from the whole team on the continued relevance of existing projects and the emerging needs of the community.

Plans for Future Periods

Our immediate imperatives include:

Structure, governance and management

The organisation is a charitable company limited by guarantee; incorporated on 23rd October 2008, registered as a charity on 6 November 2008 and commenced its activities on 1st January 2009. The charitable company was established under a memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

Mr James Tose is the CEO and is responsible for the day-to-day management of the charity and this responsibility has been delegated by the trustees.

Following the change of Carlisle United FC ownership, the 2 nominated club trustees stood down as trustees. So, with sadness we said goodbye to Steven Pattinson and Andrew Hall. Steven served for an incredible 16 years and brought a wealth of experience to the board. Andrew Hall served for 6 years and was a strong advocate for supporting veteran service personnel. Taking their place, we were delighted to welcome Nigel Clibbins, CEO of Carlisle United FC and Alice Piatak, on behalf of the owners.

To further strengthen the board, we also welcomed Helen Brough and Helen Dawson, respectively bringing legal and HR specialist knowledge together with considerable general experience.

Decisions regarding the management of the charity are taken at Trustee meetings which are held every 2 months. From timeto-time sub groups are established to report to the board on specific matters e.g. pay and remuneration.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S Pattinson (Resigned 10 January 2024) Mr S Smith Mr Andrew Hall (Resigned 10 January 2024) Ms JA Nicholson Mr Andrew Gordon Mr GJ Hastings Mrs H Brough (Appointed 5 October 2023) Ms A Piatak (Appointed 20 March 2024) Mr N Clibbens (Appointed 20 March 2024) Ms H J Dawson (Appointed 24 January 2024)

Recruitment and appointment of trustees

Any person can be admitted as a trustee of the charity providing all other trustees give their approval. Under the requirements of the Memorandum and Articles of Association the trustees are required to retire annually by rotation but they will qualify for re - election. The number of trustees shall not be less than 3 but is not subject to any maximum.

Induction and Training of Trustees

To function effectively, the board requires a diverse mix of individuals that are willing to use their experience, skills and knowledge to help the Trust achieve its goals and ambitions. Once an Expression of Interest has been received, we ensure that the prospective trustee is given adequate information about the role of the trustee, the plans of the trust, how the board operates, required time commitments etc. The applicant can then make an informed decision about proceeding. On being appointed as a trustee, a formal induction programme is in place. This includes - Charity Commission guidance on the role and responsibilities of a trustee, Code of Conduct, the role of the board / scheme of delegation etc. Engagement in further external training and development opportunities is encouraged.

Remuneration policy

Each year the trustees will consider if an independent review of salaries is necessary. Formal consideration of remuneration takes place annually with the implementation of any changes being effective from April. However, remuneration may also be considered on an ad hoc basis should specific issues arise. Remuneration is bench marked against similar organisations using the knowledge of the trustees, HR adviser and the CEO.

Independent Examiner

Mrs Lindsay Farrer BA(Hons), FCA, FABRP has been re- appointed as independent examiner for the ensuring year.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

The trustees' report was approved by the Board of Trustees.

Mr S Smith Ms JA Nicholson Trustee Trustee

10 March 2025

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CARLISLE UNITED FC COMMUNITY SPORTS TRUST

I report to the trustees on my examination of the financial statements of Carlisle United FC Community Sports Trust (the Trust) for the year ended 30 June 2024.

Responsibilities and basis of report

As the trustees of the Trust (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Trust’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mrs Lindsay Farrer BA(Hons), FCA, FABRP

Saint & Co Chartered Accountants Sterling House Wavehill Drice Rosehill Carlisle CA1 2SA Cumbria

Dated: 11 March 2025

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
20,763
-
Charitable activities
4
492,248
151,310
Other income
5
29,938
-
Total income
542,949
151,310
Expenditure on:
Charitable activities
6
510,646
169,846
Total expenditure
510,646
169,846
Net income/(expenditure)
32,303
(18,536)
Transfers between funds
(19,588)
19,588
Net movement in funds
8
12,715
1,052
Reconciliation of funds:
Fund balances at 1 July 2023
646,598
55,340
Fund balances at 30 June 2024
659,313
56,392		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
20,763
-
-
643,558
456,104
114,952
29,938
10,802
-
694,259
466,906
114,952
680,492
458,506
98,904
680,492
458,506
98,904
13,767
8,400
16,048
-
(269)
269
13,767
8,131
16,317
701,938
638,467
39,023
715,705
646,598
55,340		 Total
2023
£
-
571,056
10,802
581,858
557,410
557,410
24,448
-
24,448
677,490
701,938

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

BALANCE SHEET

AS AT 30 JUNE 2024

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
The funds of the Trust
Restricted income funds
18
Unrestricted funds
19		 2024
£
83,066
190,055
273,121
(52,586)		 £
88,970
406,200
495,170
220,535
715,705
56,392
659,313
715,705		 2023
£
48,035
652,978
701,013
(21,196)		 £
22,121
-
22,121
679,817
701,938
55,340
646,598
701,938

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 by the trustees on 10 March 2025

Mr S Smith Ms JA Nicholson Trustee Trustee

Company registration number 06731387 (England and Wales)

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2024

2024
Notes
£
£
Cash flows from operating activities
Cash generated from operations
23
21,056
Investing activities
Purchase of tangible fixed assets
(77,779)
Purchase of investments
(406,200)
Net cash used in investing activities
(483,979)
Net cash used in financing activities
-
Net (decrease)/increase in cash and cash equivalents
(462,923)
Cash and cash equivalents at beginning of year
652,978
Cash and cash equivalents at end of year
190,055		 2023
£
-
-		 £
16,754
-
-
16,754
636,224
652,978

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

Limited by guarantee

The liability of the members is limited. Every member of the charity undertakes to contribute to the assets of the charity, in the event of the same being wound up while he is a member, or within one year after he ceases to be a member, for payment of the debtors and liabilities of the charity contracted before he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributions among themselves, such amount as may be required not exceeding £1.

Charity information

Carlisle United FC Community Sports Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Brunton Park, Warwick Road, CARLISLE, CA1 1LL.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Trust's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The Trust is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Governance costs include the cost of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to the trustees on governance or constitutional matters.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Additions under £200 are not capitalised

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Community Sports College 5 years straight line Equipment 20% reducing balance Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The depreciation charge for additions in the year is time apportioned based on the month of purchase.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

1 Accounting policies

(Continued)

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

2 Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
funds
2024
£
Donations and gifts
2,763
Grants
10,000
Donated goods and services
8,000
20,763
Grants
Other
10,000
10,000		 Total
2023
£
-
-
-
-
-
-

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Delivery
After school clubs
61,359
-
Soccer schools
80,354
-
National curriculum
coaching
66,803
-
Breakfast and Lunch Club
4,225
-
Birthday Parties
3,270
-
CST Underpass Project
-
-
Foxes Club
4,378
-
CYA HAF
-
6,660
ETC
-
23,304
Premier Stars
-
38,985
U10 GDC
840
-
ESFA
2,000
-
Inclusion
Armed Covenenant fund
-
500
EFL Smart Energy/ Komatsu
8,894
-
Community Connection
2,100
-
PL CF Core
45,000
-
Heritage Fund
-
14,930
Mental Health Football
11,125
7,551
Premier League Kicks
-
35,000
PL Fans fund
-
12,500
Silver Foxes
3,870
-
Walking Football
1,948
-
Walking Netball
860
-
Warm Spots funding
500
-
Fit Fans
-
-
Education
Football Development
Scholarship
169,300
-
Bursary income
-
11,880
Traineeships
1,889
-
USW receipts
23,533
-
492,248
151,310		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
61,359
62,491
-
80,354
64,197
-
66,803
81,825
-
4,225
9,485
-
3,270
1,534
-
-
-
3,000
4,378
4,256
-
6,660
-
6,129
23,304
-
-
38,985
-
43,448
840
-
-
2,000
-
-
500
-
9,500
8,894
-
-
2,100
-
-
45,000
51,432
-
14,930
-
-
18,676
-
-
35,000
-
34,820
12,500
-
8,055
3,870
-
-
1,948
1,856
-
860
-
-
500
-
-
-
-
10,000
169,300
125,180
-
11,880
-
-
1,889
25,730
-
23,533
28,118
-
643,558
456,104
114,952		 Total
2023
£
62,491
64,197
81,825
9,485
1,534
3,000
4,256
6,129
-
43,448
-
-
9,500
-
-
51,432
-
-
34,820
8,055
-
1,856
-
-
10,000
125,180
-
25,730
28,118
571,056

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

5 Investment Income

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Bank Interest Recievable 29,938 10,802

6 Expenditure on charitable activities

Unrestricted
funds
Restricted
funds
2024
2024
£
£
Direct costs
Staff costs
323,094
134,639
Restricted fund direct
expenses
-
33,142
Rent
15,790
-
External teachers/therapists
7,853
-
Catering
2,614
-
Facility hire
26,613
-
Prizes
2,529
-
Match tickets
3,951
-
Kit and equipment
15,619
-
Community Sports College
7,848
-
Bursary payments
11,490
-
417,401
167,781
Share of support and governance costs (see note 7)
Support
82,772
2,065
Governance
10,473
-
510,646
169,846
Analysis by fund
Unrestricted funds
510,646
-
Restricted funds
-
169,846
510,646
169,846		 Total
Unrestricted
funds
Restricted
funds
2024
2023
2023
£
£
£
457,733
298,809
84,539
33,142
-
12,869
15,790
-
-
7,853
4,605
-
2,614
8,988
-
26,613
19,389
-
2,529
2,105
-
3,951
3,743
-
15,619
17,229
-
7,848
-
-
11,490
8,588
-
585,182
363,456
97,408
84,837
73,470
1,496
10,473
21,580
-
680,492
458,506
98,904
510,646
458,506
-
169,846
-
98,904
680,492
458,506
98,904		 Total
2023
£
383,348
12,869
-
4,605
8,988
19,389
2,105
3,743
17,229
-
8,588
460,864
74,966
21,580
557,410
458,506
98,904
557,410

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

7 Support costs allocated to activities

Unrestricted
funds
Restricted
funds
2024
2024
£
£
Depreciation
18,930
-
Repairs and Maintenance
2,205
-
Insurance
2,364
-
Motor Vehicle Expenses
14,153
500
Travel and Subsitence
9,428
-
Staff Training
3,552
-
Telephone
86
1,565
Sundry Expenses
3,435
-
Bank & Paypal charges
810
-
Book-keeping costs
14,491
-
Other Office costs
13,317
-
Governance
10,473
-
93,244
2,065
Governance costs comprise:
Audit fees
Accountancy
Legal and professional
8
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets		 Total
2024
£
18,930
2,205
2,364
14,653
9,428
3,552
1,651
3,435
810
14,491
13,317
10,473
95,309
2024
£
6,235
4,160
78
10,473
2024
£
6,235
18,930
-		 Total
2023
£
8,548
4,788
1,817
18,934
6,645
2,625
4,261
9,235
1,150
8,178
8,785
21,580
96,546
2023
£
2,675
1,789
17,116
21,580
2023
£
2,675
7,429
1,119

9 Trustees

The trustees did not receive any remuneration or reimburse expenses during the current year or previous period.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

10 Employees

The average monthly number of employees during the year was :

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
33
2024
£
414,031
25,888
17,814
457,733		 2023
Number
27
2023
£
344,484
23,581
15,283
383,348

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity.

2024 2023
£ £
Aggregate compensation 53,218 52,272

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

12 Tangible fixed assets

Community
Sports College
Equipment Motor vehicles
£
£
£
Cost
At 1 July 2023
-
48,752
17,770
Additions
50,142
27,637
8,000
At 30 June 2024
50,142
76,389
25,770
Depreciation and impairment
At 1 July 2023
-
35,032
9,369
Depreciation charged in the year
10,030
5,799
3,101
At 30 June 2024
10,030
40,831
12,470
Carrying amount
At 30 June 2024
40,112
35,558
13,300
At 30 June 2023
-
13,720
8,401		 Total
£
66,522
85,779
152,301
44,401
18,930
63,331
88,970
22,121

13 Fixed asset investments

Cost or valuation
At 1 July 2023
Additions
At 30 June 2024
Carrying amount
At 30 June 2024
At 30 June 2023
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 Unlisted
investments
£
-
406,200
406,200
406,200
-
2024
2023
£
£
24,339
12,438
58,727
35,597
83,066
48,035		 Unlisted
investments
£
-
406,200
406,200
406,200
-
2024
2023
£
£
24,339
12,438
58,727
35,597
83,066
48,035
406,200
406,200
-
2023
£
12,438
35,597
48,035

14 Debtors

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

15 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
16
Trade creditors
Other creditors
Accruals
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 July 2023
Released from previous periods
Resources deferred in the year
Deferred income at 30 June 2024		 2024
2023
£
£
8,128
6,481
6,733
5,833
23,641
1,119
1,676
1,383
12,408
6,380
52,586
21,196
2024
2023
£
£
6,733
5,833
2024
2023
£
£
6,733
5,833
5,833
10,833
(5,833)
(10,833)
6,733
5,833
6,733
5,833		 2023
£
6,481
5,833
1,119
1,383
6,380
21,196
2023
£
5,833
2023
£
5,833
5,833

16 Deferred income

Deferred income includes £6,733 relating to Primary Stars. 2023 included £5,833 relating to Primary Stars.

17 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 17,814 15,283

The Trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Trust in an independently administered fund.

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2023 Incoming Resources Transfers At 30 June 2024
resources expended
£ £ £ £ £
- - - - -
Premier League Stars 3,587 38,985 (41,269) - 1,303
Football for All 391 - (8,194) 7,803 -
Fit Fans 23,405 - (6,130) - 17,275
Premier League Future Fans 11,325 - - - 11,325
Premier League Kicks 1,005 35,000 (40,073) 4,068 -
Cumbria Youth Alliance HAF 4,207 6,660 (7,030) - 3,837
CST Underpass Project - - (8) 8 -
Combined Forces (Army) 8,743 500 (13,840) 4,597 -
Premier League Fans Fund 2,677 12,500 (9,287) - 5,890
Mental Health Football - 7,551 (10,235) 2,684 -
ETC - 23,304 (23,732) 428 -
Heritage Fund - 14,930 (10,047) - 4,883
Bursary income - 11,880 - - 11,880
55,340 151,310 (169,846) 19,588 56,392
Previous year: At 1 July 2022 Incoming Resources Transfers At 30 June 2023
resources expended
£ £ £ £ £
Premier League Stars - 43,448 (39,861) - 3,587
Football for All 2,785 - (2,394) - 391
Fit Fans 15,394 10,000 (1,989) - 23,405
Premier League Future Fans 11,325 - - - 11,325
Premier League Kicks 3,139 34,820 (36,954) - 1,005
Cumbria Youth Alliance HAF 6,380 6,129 (8,302) - 4,207
CST Underpass Project - 3,000 (3,269) 269 -
Premier League Fans - 8,055 (5,378) - 2,677
Combined Forces (Army) - 9,500 (757) - 8,743
39,023 114,952 98,904 269 55,340

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

18 Restricted funds

(Continued)

Carlisle United Football Club Community Sports Trust have received funding for the following projects

The Premier League provide funding through:

Carlisle United Football Club Community Sports Trust thank all our funding providers for support and help given to us to allow these valuable community projects to be hosted.

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2023 Incoming Resources Transfers At 30 June 2024 Transfers At 30 June 2024
resources expended
£ £ £ £ £
Community Sports College 60,000 - (17,878) - 42,122
General funds 586,598 542,949 (492,768) (19,588) 617,191
646,598 542,949 (510,646) (19,588) 659,313

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

19 Unrestricted funds (Continued)
Previous year: At 1 July 2022 Incoming Resources Transfers At 30 June 2023
resources expended
£ £ £ £ £
General Fund 638,467 466,906 (458,506) (60,269) 586,598
Community Sports College - - - 60,000 60,000
638,467 466,906 458,506 (269) 646,598

The revenue expenditure related to set up costs and depreciation on capital expenditure for the Community Sports College.

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 June 2024:
Tangible assets
88,970
-
Investments
406,200
-
Current assets/(liabilities)
164,143
56,392
659,313
56,392
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 30 June 2023:
Tangible assets
22,121
-
Current assets/(liabilities)
624,477
55,340
646,598
55,340		 Total
2024
£
88,970
406,200
220,535
715,705
Total
2023
£
22,121
679,817
701,938

CARLISLE UNITED FC COMMUNITY SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2024

21 Operating lease commitments

Lessee

At the reporting end date the Trust had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2024
£
21,285
21,285
42,570		 2023
£
17,500
35,000
52,500

22 Related party transactions

During the year, the charity purchased medals from Carlisle Glass Limited totalling £156 (2023: £1,638). The trust also received £1,512 (2023: nil) from Carlisle Glass During the year. Steven Pattison was a trustee of Carlisle United FC Community Sports Trust until 10 January 2024, he is also a director of Carlisle Glass Limited.

The charity also purchased HR support from Kaveney HR Solutions totalling £2,228 (2023: nil). Helen Dawson, trustee of Carlisle United FC Community Sports Trust, is also a director of Kaveney HR Solutions.

The charity purchased kits and matchday tickets from Carlisle United Football Club totalling £18,403 (2023: nil). The trust also received £14,930 (2023: nil) for a heritage fund. Alice Piatak and Nigel Clibbens, trustees of Carlisle United FC Community Sports Trust, are also directors of Carlisle United Football Club.

23 Cash generated from operations
Cash generated from operations 2024 2023
£ £
Surplus for the year 13,767 24,448
Adjustments for:
Donated fixed assets (8,000) -
(Gain)/loss on disposal of tangible fixed assets - 1,119
Depreciation and impairment of tangible fixed assets 18,930 7,429
Movements in working capital:
(Increase) in debtors (35,031) (11,754)
Increase in creditors 30,490 512
Increase/(decrease) in deferred income 900 (5,000)
Cash generated from operations 21,056 16,754

24 Analysis of changes in net funds

The Trust had no material debt during the year.