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← Yeovil Town Community Sports Trust Limited

2021-06-30-accounts

Yeovil Town Community Sports Trust Limited

(a company limited by guarantee and not having a share capital)

Registered Charity

UNAUDITED FINANCIAL

for the year to 30 June 2021

Registered Company Number 06494609 Registered Charity Number 1127710

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED CONTENTS PAGE

Page 1: Company Information
Page 2: Report of the Trustees
Page 7: Independent Accounts Report
Page 8: Statement of Financial Activities
Page 9: Balance Sheet
Page 10: Notes of Financial Statements

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED COMPANY INFORMATION

STATUS

The company is limited by guarantee registered in England and Wales and registered as a charity. The company was registered pursuant to a Memorandum of Association which established its objects and powers as laid down in its Articles of Association. Under these Articles, the company is managed by the Trustees.

TRUSTEES / DIRECTORS

David Christopher Mills Resigned 17 June 2021 Anthony Peter Hockley John Richard Fry Resigned 17 June 2021 Nicholas John Crittenden Scott Martin Priestnall Errol Pope

SECRETARY Sara Dawn Bradley

COMPANY NUMBER 06494609 (England and Wales)

CHARITY NUMBER 1127710

REGISTERED OFFICE Huish Park Lufton Way Yeovil Somerset BA228YF

ACCOUNTANTS Freeman Baker Limited Verulam House Cropmead Crewkerne TA18 7HQ

SOLICITORS Battens Solicitors Mansion House 54-58 Princes Street Yeovil Somerset BA20 1EP

BANKERS Barclays Bank PLC 35 Fore Street Chard Somerset TA20 1PN

Page 1

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED

REPORT OF THE TRUSTEES

The Trustees present their report, together with the unaudited financial statements for the year ended 30 June 2021 which are prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006 and the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102).

The trustees report on the following:

PRINCIPAL ACTIVITIES

The principal activities of the company ('the charity's objectives') and Objectives of the Trust are: "for the benefit of the public generally and in particular the inhabitants of Somerset and its surrounding area:

ACTIVITIES IN PURSUANCE OF THE OBJECTIVES AND PUBLIC BENEFIT

Throughout the pandemic we have ensured that the monitoring of the Charity’s cashflow has been a priority. We are very grateful to the Government for its furlough scheme and the continuing support of the National League Trust, Premier League, Sport England, The Big Lottery, and our valued stakeholders.

PROMOTING COMMUNITY PARTICIPATION IN HEALTHY RECREATION

The Trust have encouraged children between the age of two and sixteen to participate in structured, professional coaching and physical activity sessions in a fun and safe environment across Somerset and Dorset.

Programmes include after schools coaching, breakfast clubs in local primary schools and pre-school ABC sessions. During the school holidays, our well established ‘Soccer Schools’ were also delivered at the Trust’s facilities at the Alvington Sports Development Centre in line with government guidance.

Our Talent ID and Advanced Talent ID Centres which forms part of the Trust’s football development programme continues to provide opportunities for more than 400 boys and girls aged 7 -16 by providing structured football coaching with the opportunity for footballers with the skills and potential to progress into the Trust’s Junior Premier League sides.

Page 2

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES continued

Our football development programme is expertly managed by a dedicated themed officer and a team of coaches. The Trust also entered six teams (U11’s – U16’s) into the Junior Premier League (JPL) for the 2020/2021 season.

ADVANCING EDUCTION OF CHILDREN AND YOUNG PEOPLE

The Trust continued to deliver the Premier League Primary Stars programme. The programme connects learning to the real world of sport to enthuse pupils when tackling challenging topics. It is linked to the national curriculum and is available to every primary school in England and Wales by inspiring girls and boys aged 5–11 in the classroom, in the playground and on the sports field.

The aims of the programme are to: -

We delivered 8 English cohorts, engaging with 80 pupils in KS1/2 over a six-week period using ageappropriate resources, which focused on improving their writing and reading skills. These were the key areas of concern identified through extensive discussions with the English lead at each of our partner schools.

We worked with local children’s author, Tamsin Cooke, to deliver our English Education Activators to 181 year 3 pupils. Tamsin shared with the pupils her tips on writing (whether for a story, film, or computer game) by using her Cat Burglar and Stunt Double books.

She succeeded in engaging with the pupils that attended, letting their imaginations run wild whilst also using props to bring stories to life. Tamsin really bought the art of storytelling alive, encouraging the pupils to think about how they would set a scene, create tension & atmosphere.

All the pupils had a chance to contribute their ideas and the workshops had a real buzz about them, with pupils discussing stories they'd like to write. Even reluctant readers couldn’t wait to put pen to paper.

During the sessions, the children produced some great writing that seemed to have natural flow based on the skills she taught them. At the end of each Activator, each child received a personally signed copy of one of Tamsin’s books as a memento of their visit.

We have supported 15 teachers within 15 classes through our PE provision, working with 399 pupils over a six-week period.

We delivered 9 x PSHE Activations, engaging with 143 pupils in KS1/2 focused on the PLCF’s Wellbeing Stars.

We delivered 3 x Inter school competitions, engaging with 181 Year 3 pupils.

We delivered 1 x Maths cohort, engaging with 10 KS1 pupils over a six-week period.

We delivered 9 x PSHE cohorts, engaging with 143 KS1/2 pupils, focusing on Equality, Diversity, and Inclusion for KS2 pupils and Heathy Bodies and Healthy Minds for KS1 pupils over a six-week period

Page 3

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES continued

We supported and delivered activities at both Preston Primary and Manor Court Primary’s annual Sports Day, engaging with 791 pupils.

We delivered 4 Social Action projects over a six-week period. Staff met referred Y5 pupils at 4 partner schools to discuss, research and identify a social or environmental issue they felt passionate about. Each cohort discussed and produced ideas on how they wanted to make a difference to the issue they had chosen and how this would be achieved.

Projects focused on building positive character traits and skills (responsibility, teamwork, leadership, communication and problem-solving) Pupils set their own expectations for their project and staff guided them to achieve their goals.

Topics chosen were County Lines, Mental Health/Wellbeing, Declining Bee Population & Plastic Pollution & Littering.

The Trust received funding from the National League Trust to deliver a language-based activity programme to further address the issues of integration of Polish immigrant children within local primary schools.

However, due to the pandemic, the delivery of this programme was placed on hold.

HEALTH

The Trust received funding from the National League Trust to deliver a programme that addresses issues caused by loneliness and inactivity in over 55s within Somerset.

The programme would provide a weekly GOAL-DEN Glovers hub which would offer a social environment and a range of physical health and wellbeing activities to encourage and enable older people to increase their physical activity, develop new skills, fulfil their potential, and make new friends.

The programme would also involve Trust coaches/staff visiting residents of a local nursing home in Yeovil on a fortnightly basis where staff specifically work with isolated older people over the age of 65, many of whom do not have family members or friends to rely on.

However, due to the pandemic, delivery of this programme was placed on hold.

PUBLIC BENEFIT

The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission.

FINANCIAL REVIEW

The figures for the year are detailed on pages 7 to 15. The total income was £144,741 which resulted in a deficit of £14,037. The fund balances at 30 June 2021 were £108,150 of this £62,977 is restricted.

This year was again challenging for the Trust, but thanks to prudent management of resources both in the past and during the year, the Trust was able to weather the challenges it faced and is again well set to continue to deliver its core activities to the community it serves.

This year also saw a significant turnaround in Directors/Trustees with David Mills and John Fry standing down with our thanks.

The Trust would also like to thank its other key partners such as the National League Trust, The Premier League, Somerset FA and the wide range of schools the Trust works with through projects such as Primary Stars.

Page 4

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES continued

Challenging though the year was, the adversity brought to the fore the dedication and determination of the Trust staff - led by manager Sara Bradley - and superb backing from the many people who regularly take part in or are associated with Trust activates.

The Trust would like to place on record its thanks to these people for their outstanding contribution and we look forward again to delivering top quality programmes in full to the community we serve.

RESERVES POLICY

The charitable company's unrestricted reserves are represented, in the majority, by cash at bank and in hand. The company has been able to maintain sufficient reserves to date as a result of the continuing support of its' main benefactor Yeovil Town Football Club. It is the policy of the company to maintain unrestricted reserves to an appropriate level to provide sufficient funds to cover an unforeseen event such as the loss of a source of grant income.

STAFF AND VOLUNTEERS

The trustees recognise the huge contribution made by salaried staff and part time coaches. We extend our thanks to these staff for their continued effort in striving to be a self sustaining charity. The trustees are also extremely grateful for the time donated by volunteers, including the associate trustees, to the Trust. It would not have been possible to realise our achievements without their continuing help, expertise and support.

RISK MANAGEMENT

The trustees continue to be aware of their responsibilities regarding risk assessment and meet regularly continuing to profile risks, examining controls already in place and embedding new controls to mitigate significant risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Members of the Board of Trustees, who are directors for the purposes of company law and trustees for the purpose of charity law, who were in office at the date of this report are set out on page 1.

In accordance with company law each of the company's directors has certified that:- so far as they are aware, there is no relevant information of which the company's accountants, required to carry out an independent examination of this Report and Accounts, is unaware and - they have taken all the steps they ought to have reasonably taken as a director in order to make there selves aware of any relevant information and to establish that the company's accountants as independent examiners are aware of that information.

Sara Bradley is responsible for the day to day management of charitable activities.

TRUSTEES

The trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year or were appointed thereafter are set out on page 1.

Under the Articles of Association one director should retire by rotation at each Annual General Meeting. The director may then seek reappointment immediately. The Annual General Meeting was held on 17 June 2021, John Fry and David Mills retired by rotation. No new directors were appointed.

The trustees meet regularly to manage the assets of the company and approve its activities.

Trustees are appointed in accordance with the provisions of the Articles, to include persons whom the Board considers will further the objects of the Trust and have the relevant experience, professional qualifications and connection to and knowledge of the activities of the Trust and its sponsors to carry out their duties.

Page 5

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES continued

TRUSTEES' RESPONSIBILITIES

The trustees (who are also directors of Yeovil Town Community Sports Trust Limited for the purpose of company law) are responsible for preparing the Trustee's Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Companies law requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the requirements of 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.

This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities and in accordance with the provisions Section 419(2) of the Companies Act 2006 relating to small entities.

Approved by the board of Directors and Trustees on 25 March 2022 and are signed on its behalf by

S PRIESTNALL

Page 6

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED INDEPENDENT ACCOUNTANT'S REPORT TO THE TRUSTEES

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2021, which are set out on pages 8 to 15.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its 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 accounts 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 of my examination of your charity’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 report

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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

…………………………………….

S Moorse Freeman Baker Limited Verulam House Crewkerne Cropmead Somerset TA18 7HQ

Date

Page 7

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITES

FOR THE YEAR ENDED 30 JUNE 2021

Notes
Income from:
2
2
Total income
Expenditure on:
Charitable activities
3
Total resources expended
Net income/ expenditure
Transfer between funds
Net movements in funds
Fund balances as at 30 June 20
Fund balances as at 30 June 21
4
Donations
Charitable activities		 Unrestricted
funds
2020/21
43,868
57,449
101,317
(113,071)
(113,071)
(11,754)
(1,331)
(13,085)
58,258
45,173		 Restricted
funds
2020/21
43,413
11
43,424
(45,707)
(45,707)
(2,283)
1,331
(952)
63,929
62,977		 Total
Funds
2020/21
87,281
57,460
144,741
(158,778)
(158,778)
(14,037)
-
(14,037)
122,187
108,150		 Total
Funds
2019/20
57,822
96,173
153,995
(196,694)
(196,694)
(42,699)
-
(42,699)
164,886
122,187

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure accounts under the Companies Act 2006.

Page 8

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED BALANCE SHEET

AS AT 30 JUNE 2021

Notes
Fixed asset:
Tangible assets
5
Current assets:
Debtors
7
Cash at bank and in hand
Current liabilities:
Creditors: Amounts falling due within one year
8
Net current assets
Net assets
Income funds:
Unrestricted funds
6
Restricted funds
6
Total funds		 2020/21
-
2,222
136,866
139,088
30,938
30,938
108,150
108,150
45,173
62,977
108,150		 2019/20
3,339
8,922
141,023
149,945
31,097
31,097
118,848
122,187
58,258
63,929
122,187

The notes on pages 10 to 15 form part of these accounts.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

Approved by the board of Directors and Trustees on 25 March 2022 and are signed on its behalf by

S PRIESTNALL

Page 9

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR TO 30 JUNE 2021

NOTE 1: ACCOUNTING POLICIES

Accounting convention

These financial statements have been prepared in accordance with "Accounting and Reporting by Charities": Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK (FRS 102 section 1A), the Companies Act 2006 and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost convention, in accordance with applicable accounting policies. The following accounting policies have been applied consistently in the preparation of the financial statements.

Company information

The company is a private company limited by guarantee incorporated in England and Wales within the United Kingdom. The registered address is Huish Park, Lufton Way, Yeovil, Somerset, BA22 8YF. Registered company number 06494609. Registered Charity Number 1127710.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Income resources

Recognition of incoming resources:

These are included in the Statement Of Financial Activities (SOFA) when:

Donations and grants are recognised on a receivable basis.

Donations received for general purposes of the charity are credited to unrestricted funds. Donations subject to specific wishes of the donors are credited to the relevant restricted fund.

Grants received are included as income from activities in furtherance of the charity's objects, but included in restricted funds where the grant is specific to a particular project. Income is deferred only where the donor has specified that project expenditure should be expended in a future accounting period.

Investment income:

This is included in the accounts when receivable.

Expenditure and liabilities

Liability recognition:

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Charitable Expenditure:

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs:

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include the preparation of the financial statements.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The cost of raising and administering such funds are charged against the specific fund.

Further explanation of the nature and purpose of the nature and the purpose of each fund is included in the notes to the financial statements.

Page 10

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2021

Going concern

These statements have been prepared on a going-concern basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write-off each asset over its estimated useful life:

ꟷ Fixtures and fittings 33% on cost - straight line ꟷ Plant and machinery 20% on cost - straight line

Impairment of fixed assets:

At each reporting end date, the carrying amounts of its tangible assets are reviewed 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). Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/ expenditure for the year.

NOTES 2: INCOMING RESOURCES

INCOMING RESOURCES
Donations and grants:
Football League Trust "bronze status"
Sports England grant
Job Retention grant scheme
Primary Stars Programme
National League
Football Foundation
The National Community Fund
Others
Charitable activities:
School coaching
Holiday courses
Development centres
Junior Premier League
Match day experience
Other		 Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
2020/21
2020/21
2020/21
2019/20
£
£
£
£
-
-
-
500
-
-
-
10,000
34,314
-
34,314
11,433
-
40,000
40,000
19,920
-
(8,461)
(8,461)
8,461
-
1,874
1,874
-
-
10,000
10,000
-
9,554
-
9,554
7,508
43,868
43,413
87,281
57,822
£
£
£
£
608
-
608
9,522
12,905
-
12,905
16,599
12,402
-
12,402
38,636
31,311
-
31,311
24,389
205
-
205
3,262
18
11
29
3,765
57,449
11
57,460
96,173

Page 11

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2021

NOTE 3: RESOURCES EXPENDED

NOTE 3: RESOURCES EXPENDED
Unrestricted
Restricted
Total
funds
funds
funds
2020/21
2020/21
2020/21
Charitable activities:
£
£
£
Community staff employment costs
68,157
37,103
105,260
Payments to coaches
18,035
-
18,035
Facility hire
2,890
-
2,890
Fund raising fees
769
-
769
Match day experience tickets
-
-
-
Office and facilities expenses
680
-
680
Junior Premier League
5,133
-
5,133
Soccer Schools expenses
640
-
640
Primary Stars Project
-
2,576
2,576
Alvington - Electricity
3,006
1,091
4,097
Alvington - Water
1,406
-
1,406
Yeovil College - Telephone
530
-
530
Alvington - Other expenses
-
1,739
1,739
Travel expenses
-
1,064
1,064
Printing and stationery
91
-
91
Digital archive project
2,232
-
2,232
Computer Costs
1,086
-
1,086
Website Design
1,207
-
1,207
Insurance
1,121
-
1,121
CRB Checks
100
-
100
Legal Fees
1,200
-
1,200
Depreciation
1,434
1,905
3,339
Other
604
229
833
110,321
45,707
156,028
Unrestricted
Restricted
Total
funds
funds
funds
2020/21
2020/21
2020/21
Support costs:
£
£
£
Independent examination fees
2,750
-
2,750
2,750
-
2,750
Staff costs:
2020/21
£
Wages and salaries
121,486
Social security costs
1,807
123,293
The average monthly number of employees during the year is as follows:
2020/21
Provision of football coaching
8
Management and administration
4
12
No employee earned more than £60,000 per annum.		 Unrestricted
funds
2020/21
£
68,157
18,035
2,890
769
-
680
5,133
640
-
3,006
1,406
530
-
-
91
2,232
1,086
1,207
1,121
100
1,200
1,434
604		 Restricted
Total
funds
funds
2020/21
2020/21
£
£
37,103
105,260
-
18,035
-
2,890
-
769
-
-
-
680
-
5,133
-
640
2,576
2,576
1,091
4,097
-
1,406
-
530
1,739
1,739
1,064
1,064
-
91
-
2,232
-
1,086
-
1,207
-
1,121
-
100
-
1,200
1,905
3,339
229
833		 Total
funds
2019/20
£
127,119
17,903
13,810
1,423
3,420
736
4,723
-
-
-
-
-
-
4,048
555
2,232
-
-
-
-
-
3,095
14,450
110,321 45,707
156,028		 193,514
Unrestricted
funds
2020/21
£
2,750		 Restricted
Total
funds
funds
2020/21
2020/21
£
£
-
2,750		 Total
funds
2019/20
£
3,180
2,750 -
2,750		 3,180
2019/20
£
137,866
7,156
145,022
2019/20
13
4
17

Page 12

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2021

Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds. The charitable company's contributions amounted to £2,305 (2020- £2,546).

The charity receives support and assistance from volunteers. It is not possible to quantify the value in accounting terms of this voluntary assistance.

Trustees remuneration and benefits:

None of the Trustees received any remuneration during the year.

NOTE 4: MOVEMENT IN FUNDS

Balance Balance
30 June 30 June
Restricted funds: 2020 Income Expenditure Transfers 2021
£ £ £ £ £
AgustaWestland - Alvington 53,478 11 1,739 - 51,750
(Westland Helicopters)
Premier League Grant 416 40,000 32,063 - 8,353
EFL Knife Crime 1,000 - - - 1,000
Donation - computers 1,905 - 1,905 - -
NLT - Language for learning 3,820 - 4,380 (560) -
NLT - Goal-den glovers 3,310 - 4,081 (771) -
Football Foundation - 1,874 - - 1,874
The National Community - 10,000 10,000 - -
Job Retention Grant scheme - - - - -
63,929 51,885 54,168 (1,331) 62,977
Unrestricted funds 58,258 101,317 113,071 1,331 45,173
Total funds 122,187 153,202 167,239 - 108,150

Page 13

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR TO 30 JUNE 2021

NOTE 5: FIXED ASSETS

IXED ASSETS
Cost
At 1 July 2020
Additions
Disposals
At 30 June 2021
Depreciation
At 30 June 2020
Charge for year
Eliminated on disposal
At 30 June 2020
Net Book Value
At 30 June 2021
At 30 June 2020		 Fixtures &
Plant &
Fittings
Machinery
£
£
10,478
11,535
-
-
-
-
10,478
11,535
(8,086)
(10,588)
(2,392)
(947)
-
-
(10,478)
(11,535)
-
-
2,392
947		 Total
£
22,013
-
-
22,013
(18,674)
(3,339)
-
(22,013)
-
3,339

NOTE 6: ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balance as at 30 June 2021 represented by:

Fixed assets
Current assets
Current liabilities
NOTE 7: DEBTORS
Debtors
Supplier deposits paid in advance
Accrued income
Prepayments		 Unrestricted
funds
2020/21
£
-
76,112
(30,939)		 Restricted
Total
funds
funds
2020/21
2020/21
£
£
-
-
62,977
139,089
-
(30,939)		 Total
funds
2019/20
£
3,339
149,945
(31,097)
45,173 62,977
108,150		 122,187
£
540
-
-
1,682
2,222		 £
36
5,784
-
3,102
8,922

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2021

NOTE 8: CREDITORS AMOUNTS DUE WITHIN ONE YEAR

Creditors
Accruals and deferred income
Other taxes and social security		 £
10,525
19,957
456
30,938		 £
3,459
27,376
262
31,097

Deferred income includes £11,855 (2020: £nil) in respect of fees received in advance for the development centre programmes.

NOTE 9: ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by the trustees by virtue of their objectives and powers as laid down in the Company's Articles of Association.

NOTE 10: RELATED PARTY TRANSACTIONS

No trustee or person with a family or business connection with a trustee received remuneration in the period, either directly or indirectly, from either the Charity or an institution or company controlled by the Charity.

J R Fry was a director of the Huish Park Stadium Partnership Limited the ultimate controlling party of Yeovil Football and Athlete Club Limited (YFACL). Scott Priestnall was also a director of YFACL appointed on 20 September 2019. YFACL have borne the costs directly of maintaining the Alvington facility this year.

During 2013 the charitable company entered into an ongoing service level agreement with Yeovil Football and Athletic Club Limited. A financial term of this agreement is that the Charity seeks to be self funding, although the Club will provide such financial support as is required to enable the Charity to meet its liabilities as they fall due.

NOTE 11: TAXATION

The company has been granted charitable status and is exempt from corporation tax on its charitable activities.

NOTE 12: SHARE CAPITAL

The company is limited by guarantee and consequently does not have a share capital. In the event of winding up the members have a liability to contribute a sum not exceeding £10 each.

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