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← Yeovil Town Community Sports Trust Limited

2022-06-30-accounts

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J \ A06 COMPANIES16/06/2023HOUSE #108

Yeovil Town Community Sports Trust Limited

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

UNAUDITED FINANCIAL STATEMENTS

for the year to 30 June 2022

Registered Company Number 06494609 Registered Charity Number 1127710

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED CONTENTS PAGE

Page 1: Company Information
Page 2: Report ofthe Trustees
Page 7: IndependentAccounts Report
Page 8: Statement of Financial Activities
Page 9: Balance Sheet
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Page 10: NotesofFinancialStatements

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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

Scott Martin Priestnall . Stuart Alan Robins (appointed 31 January 2023) : Martyn John Starnes (appointed 31 January 2023) Johanna Harris (appointed 16 March 2023) David Willian Linney (appointed 22 March 2023) Nicholas John Crittenden (Resigned 31 January 2023) Anthony Peter Hockley (Resigned 31 January 2023) Errol Pope (Resigned 31 January 2023)

)

SECRETARY

Sara Dawn Bradley (Resigned 20 June 2022) . -

COMPANY NUMBER

7

' 06494609 (England and Wales)

CHARITY NUMBER 1127710

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REGISTERED OFFICE Huish Park : Lufton Way Yeovil Somerset BA22 8YF

ACCOUNTANTS SOLICITORS Freeman Baker Limited Battens Solicitors Verulam House Mansion House Cropmead 54-58 Princes Street Crewkerne Yeovil TA18 7HQ Somerset BA20 1EP

BANKERS

Barclays Bank PLC King George Street Yeovil Somerset BA20 1PX

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Page 1

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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 2022 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: - To promote community participation in healthy recreation by providing facilities for the playing of association football and other sports capable of improving health:

ACTIVITIES IN PURSUANCE OF THE OBJECTIVES AND PUBLIC BENEFIT

We are grateful for the continuing support of the National League Trust, The Premier League Charitable Fund, and our valued stakeholders.

ACHIEVEMENTS AND PERFORMANCE

PROMOTING COMMUNITY PARTICIPATION IN HEALTHY RECREATION

The Trust has encouraged children between the age of three 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 our mini glovers sessions, working with children agreed 3 - 5 years of age. During the school holidays, our well established ‘Soccer Schools’ were also delivered at the Trust's facilities at the Alvington Sports Development Centre and attended by over 900 children aged 5 - 12. ,

Page 2

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES ~ continued

Our Talent ID and Advanced Talent ID Centres which forms part of the Trust's football development programme continues to grow and provide opportunities for over 500 boys and girls aged 5 - 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.

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 2021/2022 season. Our U15's squad were crowned Southwest Champions of their League, which saw them progress to the National Finals. ;

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: -

,

During the financial year, we worked with pupils who demonstrated an increased need to engage with a school-based intervention, such as PLPS, due to a combination of working below age related expectations, having a lack of self esteem/confidence as well as behavioural issues, which were even more exacerbated due to the Covid-19 pandemic.

.

We achieved this by using a range of inclusive tools and resources that addressed their needs as well as develop the confidence and resilience they need to succeed both academically and in life. We also wanted to ensure that the pupils were aware of how physical activity plays an integral part in their physical and emotional well-being.

Our delivery model for each of our partner schools was determined through comprehensive discussions with both schoo! and delivery staff by considering the challenges they face within their school community and issues impacting them ona local level.

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PE provision was delivered over a six-week period, working with targeted teachers identified as requiring additional support, with the aim of increasing both their confidence and knowledge, whilst giving them the tools to deliver both challenging and stimulating PE sessions for their pupils moving forward.

Staff delivered a variety of interventions using appropriate and inclusive resources and activities that would help address the challenges and issues within our partners schools. Working with cohorts and classes within our targeted demographics over a six-week period, engagement levels were assessed throughout via questionnaires and encouraging youth voice through individual/group feedback, which was used to improve/amend our delivery model accordingly.

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES _ continued

We delivered a broad range of topics under the umbrella of PSHE/Anti-Discrimination which promoted healthy living, active lifestyles, community cohesion and inclusion. Staff ensured that sessions were age appropriate, delivered in a safe and welcoming learning environment and with appropriate learning objectives.

Education activations in English and Maths were held remotely at our parent club. English was delivered in partnership with local children's author Tamsin Cooke, who shared tips on writing with the pupils and encouraged them to think about how they would set a scene, create tensions and atmosphere. Maths targeted pupils making the transition from reception to year one as they were demonstrating a lack of fluency, reasoning and problem solving which was starting to have an impact on attendance.

Youth led Social Action was targeted at pupils in year five and focused on building positive character traits and skills. Pupils involved were those who would gain the most from the responsibility of being involved in Social Action and not necessarily those that would be the most capable.

The provision of multi-sport and healthy lifestyle activities were delivered in the form of football festivals, tournaments and sports days, giving staff the opportunity to engage with pupils who may not have had the opportunity to engage with us through targeted interventions/year group activity.

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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 £182,370 which resulted in a deficit of £18,223. The fund balances at 30 June 2022 were £89,927 of this £51,773 is restricted.

Although it was another challenging year, the trustees consider the final position to be satisfactory.

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.

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.

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED REPORT OF THE TRUSTEES _ continued

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.

The trustees will be looking to create a formal risk register with RAG ratings which will be reviewed on a quarterly basis.

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

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 previous trustees stepped down in January 2023 and four new trustees: Martyn Starnes, Stuart Robins, Johanna Harris and David Linney have been 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.

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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.

----- Start of picture text -----
App= by the board of Directors and Trustees on. June 2023 and are signed on its behalf by
K AN
(INT SES
M STARNES
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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED INDEPENDENT ACCOUNTANT'S REPORT TO THE TRUSTEES

| report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2022, which are set out on pages8 to 16. )

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’) and the charities act 2022 (‘the 2011 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, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination | have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report

| have completed my examination. | 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

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(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.

| 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.

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Stephen Moorse FCCA, ACA, CTA, ATT Freeman Baker Limited — Verulam House Crewkerne Cropmead Somerset TA18 7HQ

Date \S uae 20 28

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 30 JUNE 2022

:

Unrestricted Restricted Total Total
funds funds Funds Funds
Notes 2021/22 2021/22 2021/22 2020/21
£ £ £ £
Income from:
Donations 2 1,035 39,572 40,607 87,281
Charitable activities 2 141,746 - 141,746 57,460
Investments 2 9 8 17 -
Total income 142,790 39,580 182,370 144,741
Expenditure on:
Charitable activities 3 (149,809) (50,784) (200,593) (158,778)
Total resources expended (149,809) (50,784) (200,593) (158,778)
Net income/expenditure (7,019) (11,204) (18,223) (14,037)
Transfer between funds - - - -
Net movements in funds (7,019) (11,204) (18,223) (14,037)
Fund balances as at 30 June 21 45,173 62,977 108,150 122,187
Fundbalancesasat30June22 4 38,154 51,773 89,927 108,150

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.

)

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED BALANCE SHEET AS AT 30 JUNE 2022

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|||||||||| |---|---|---|---|---|---|---|---|---| |Notes|2021/22|2021/22|2021/22|2020/21| |Unrestricted|Restricted|Total|Total| |Fixed|asset:| |Tangible|assets|5|:|-|-|:| |Current|assets:| |Debtors|7|2,658|-|2,658|2,222| |Cash|at|bank and|in|hand|65,648|51,773|417,421|136,866| |68,306|51,773|120,079|.|139,088| |Current|liabilities:| |Creditors: Amounts falling due within one year|8|30,152|-|30,152|30,938| |30,152|-|30,152|30,938| |Net|current|assets|38,154|51,773|89,927|108,150| |Net|assets|.|38,154|51,773|89,927|108,150| |Income|funds:| |Total funds|6|38,154|51,773|89,927|108,150|

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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 relating to small companies that members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 applicable to smal! companies subject to the small

egime and in accordance with FRS 102 SORP.

Ape foveyy ‘he beard of Directors and Trustees Pam 2023 and are signed on its behalf by M@TARNES ~ ;

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2022

NOTE 1: BASIS OF ACCOUNTING

.

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 £.

NOTE 2: ACCOUNTING POLICIES

Income resources

Recognition of incoming resources:

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

e the charity becomes entitled to the resources;

the trustees are virtually certain they will receive the resources; and

Donations and grants. .

Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).

Volunteer Help.

, accounts but is described in the sale of investments and any year. )

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Investment income:

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

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.

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2022

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.

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:

Impairment of fixed assets:

Impairment of fixedfixed assets: Impairment of fixedfixed assets: Impairment of fixedfixed assets: Impairment of fixedfixed assets: Impairment of fixedfixed assets: Impairment of fixedfixed 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. Ifanysuch indication exists, the
recoverable amount ofthe asset is estimated in order to determine the extent ofthe impairment loss (if any).
Recoverable amount is the higher offair 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 ofthe time value ofmoneyand and the risks specific to the asset forwhich the
estimates offuture cash flows have not been adjusted. ,
Ifthe recoverable amount ofan 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 3: INCOMING RESOURCES
Unrestricted Restricted Total Total
funds funds -
funds		 funds
Donations and grants: 2021/22 2021/22 2021/22 2020/21
£ £ £ £
Job retention grant scheme - - - 34,314
Primary Stars Programme - 39,572 39,572 40,000
National League - - - (8,461)
Football Foundation - - - 1,874
The National Community Fund - - - 10,000
Other 1,035 - 1,035 9,554
1,035 39,572 40,607 87,281
Charitable activities:
-
£ £ £ £
School coaching 6,490 - 6,490 608
Holiday courses 28,551 - 28,551 12,905
Development centres 46,335 - 46,335 42,402
Junior Premier League 55,243 - 55,243 31,311
Match day experience 172 - 772 205
Other 4,355 - 4,355 29
141,746 - 141,746 57,460

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2022

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Investment income
£ gE > £ £
Bank interest received i) 8 17 -
9 8 17 -
NOTE 4: EXPENDITURE
Unrestricted Restricted Total Total
funds funds funds funds
2021/22 2021/22 2021/22 2020/21
Charitable activities: £ £ £ £
Community staff employment costs 71,728 28,202 99,930 105,260
Payments to coaches 22,078 -— 22,078 18,035
Facility hire 18,835 - 18,835 2,890
Fund raising fees 2,275 - 2,275 769
Match day experience tickets 2,147 - 2,147 -
Office and facilities expenses 879 - 879 680
Junior Premier League 14,248 1,874 16,122 5,133
SoccerSchools expenses 962 - 962 640
PrimaryStars Project 192 —-7,803 7,995 2,576
Alvington - electricity 5,932 1,200 7,132 4,097
Alvington - water 1,058 - 1,058 1,406
Alvington - pitch maintenance - 8,417 8,417 -
Alvington - repairs : - 1,100 1,100 -
Yeovil College -telephone 263 - 263 530
Alvington - otherexpenses - - - 1,739
Travel expenses 1,477 1,890 3,367 1,064
Printing and stationery - 222 222 91
Stafftraining 966 - 966 -
Digital archive project - - - 2,232
Computer costs 425 - 425 1,086
Website costs 923 - 923 1,207
Insurance 1,177 - 1,177 1,121
CRB/DBS checks - - - 100
Legal fees
©		 - - - 1,200
Depreciation
_		 - - - 3,339
Other 896 76 972 833
146,461 50,784 197,245 156,028
NOTE 5: EXAMINATION
Unrestricted Restricted Total Total
funds funds funds funds
2021/22 2021/22 2021/22 2020/21
£ £ £ £
Independent examination fees 3,348 - 3,348 2,750
3,348 - 3,348 2,750

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2022

NOTE 6: STAFF COSTS

Staff costs: 2021/22 2020/21
£ £
Wages and salaries 117,827 121,486
Social security costs 4,181 1,807
122,008 123,293
The average monthly number ofemployees during the year is as follows:
2021/22 , 2020/21
. Provision offootball coaching 8 8
Management and administration 4 4
12 12

No employee earned more than £60,000 per annum.

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 7: DEFINED CONTRITUION PENSION SCHEME

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 £2,230 (2021- £2,305).

NOTE 8: GRANT MAKING
2022 Balance Balance
30 June 30 June
Restricted funds: 2021 Income Expenditure Transfers 2022
£ £ £ £ £
AgustaWestland - Alvington 51,750 8 9,517 - 42,241
(Westland Helicopters)
Premier League Grant 8,353 39,572 39,393 - 8,532
EFL Knife Crime 1,000 - - - 1,000
Football Foundation 1,874 - 1,874 - -
62,977 39,580 50,784 - 51,773
Unrestricted funds 45,173 142,790 149,809 - 38,154
Totalfunds 108,150 182,370 200,593 - 89,927

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2022

Balance Balance Balance
2021 30 June 30 June
Restricted funds: 2020 Income Expenditure Transfers 2021
£ £ £ £ £
AgustaWestland - Alvington 53,478 11 1,739 - 51,750
(Westland Helicopters) :
PremierLeague 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 oe -
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
NOTE 9: TANGIBLE FIXED ASSETS
Fixtures & Plant & Total
Fittings Machinery
Cost
©		 £ £ £
At 1 July 2021 10,478 11,535 22,013
Additions - - -
Disposals - - -
At30June2022 10,478 11,535 22,013
Depreciation
At 30June 2021 (10,478) (11,535) (22,013)
Charge foryear - - -
Eliminated on disposal - - -
At30June 2022 (10,478) (11,535) (22,013)
)
Net Book Value
At 30 June 2022 - - -
At 30June 2021 : ~ —_——
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s any) -

YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 30 JUNE 2022 ;

Fund balance as at30 June 2022 represented by:
Unrestricted Restricted Total Total
funds funds funds funds
2021/22 2021/22 2021/22 2020/21
£ £ £ £
Fixed assets - - - -
Current assets 68,306 51,773 120,079 139,089
Current liabilities (30,152) - (30,152) (30,939)
NOTE 10: DEBTORS AND PREPAYMENTS ;
£ £
Debtors - 540
Prepayments 2,658 1,682
2,658 2,222
NOTE 11: CREDITORS ANDACCRUALS
; £ £
Creditors 3,475 10,525
Accruals and deferred income 24,800 19,957
Othertaxes and social security 1,877 456
30,152 30,938

Deferred income includes £15,412 (2021: £11,855) in respect of fees received in advance for the development centre programmes.

NOTE 12: PROVISIONS FOR LIABILITIES AND CHARGES

The company is committed to funding the Premier League Grant (Primary Stars) to August 2022. Grants have been received during the year to provide the servie to August 2022. They are committed to spend approximatly £8,500 in July and August 2022 to provide this service.

NOTE 13: CASH AT BANK AND IN HAND

£ £
Bank current account 2,931 4,680
Bank deposit account 50,000 59,000
Instant access saver 64,418 72,826
Petty cash 72 360
117,421 136,866

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YEOVIL TOWN COMMUNITY SPORTS TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS

NOTE 14: 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.

Scott Priestnall was a director of the Huish Park Stadium Partnership Limited the ultimate controlling party of Yeovil Football and Athlete Club Limited (YFACL). YFACL have bore the majority of 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 15: TAXATION

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

NOTE 16: SHARE CAPITAL

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

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