COMPANY REGISTRATION NUMBER: 06494609 CHARrrY REGISTRATION NUMBER: 1127710 Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Unaudited Financial Statements 30 June 2024
Yeovil Town Community Sports Trust Limited Company Limited by Guaranlea Financial Statements Year ended 30 June 2024 Pages Trustees, annual report (incorporaling the directorfs report) Independent examinerfs report to the trustees Stslement of financial activities (including income and expenditure account) 1107 8109 10 stalement of financial posiiion 11 Notes to the financial statements 12to21 The following pages do not forni part of the financial statements Detailed statement of financial activities 23to24
Yeovil Town Community Sports Trust Limited Company Llmlted by Guarantee Trustees. Annual Report {Incorporating the Director's Report) Year ended 30 June 2024 The trustees, who are also the directors for the purposes of company law, present their reF¥)rt and th8 unaudite¢J financial stolements of the chanty for the year ended 30 June 2024. Roference and administratlve detai18 Registered charlty namo Yeovil Town Community Sports Trust Limited Charlty regl8tration number 1127710 Company reglstration number 06494fy)9 Prlnclpal offlce and reglstered Huish Park offlca Luflon Way Yeovil Somerset BA22 8YF The trust88s S M Prieslnall S A Robins M J Starnes J Harris D W Linney (R8sign8d 27 S8Ptèmber 2023) Independent examiner Michele BiS)p FCA, CTA, FMAAT, ATT Bishop Jones 9 Sadler Street Wells Somerset BA5 2RR
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Trustses. Annual Report (Incorporating the Directorfs Report) (conNmMdJ Year ended 30 Juno 2024 Structure. governancè and management Governing documént The charity is controlled by ils governlng document. a deed of trust. and constitLrte a limited (x)mpany. limited by guarantee. as defined by the Companies Act 2006 rdating lo small companies. Managamgnt organisation Members of the Board of Trustees, who are dSrectors for the purposes of company law and trustees for the purpos8 of charity law, who were in office at the date of this report are sel out on page 1. In accordance with company law each of the companls directors has certrfied that.. so far as they are aware. there is no relevant information of which the companvs accounlanls. required to carry out an independent examination of this report and accounts, is unaware and ltrw have taken all the steps they ougm lo have reasonably taken as a director In order to make themselves aware of any felevanl infomiation and to establish that the companls aGwuntants as independent examiners are aware of that information. Trustees Under the Articles of Association one director should tire by rotation at each Annual General Meeting. The director may then seek reappoinlmenl immediately. Details of appointments and resignations are set out on page 1. The trustees meet regularly to manag8 the assets of the company and approve its aclivilies. Trustees are appointed in accordanee with the provisions of the Articles. to include persons thom the Board considers wll further the objects of the Trust and have the relevant experience, professional qualifications and connection to and knedge of the activities of the Trust and its sponsors lo carry out their duties. Staff and volunteer8 The trustees recognise the excellent contribution made by salaried stsff, part lime coaches and volunteers. It would not have been F)ossible to maintain the Trust's aims and objectives without their full support. Rlsk managomgnt The Irustees continue to be aware of thr responsibilities regarding risk assessment and meet regulady lo discuss and profile the possible risks faced.
Yeovil Town Community Sports Trust Limlted Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conNnued) Year ended 30 June 2024 Objectives and activities Principal activities The principal activities of the company ('the charitys objeclives'l and objectives of the Trust are.yor the benefrt of the public generally and in particular the inhabitsnts of Somersel and its surrounding area": To promote community participallon In healthy recreation by providing facilities for the playing of association football and other sports capable of improving health- To provide and assist in providing facilities for sport, recreation or other leisure lime occupation of such persons who have need for such facilities by reason of their youth, age infirmity or disability, povety or social and economic circumstances or for the public al large in the interest of social welfare and with the object of improving their conditions of lrfe., and To advance the education of children and young people through such means as the Iruslees think fil in accordance th the law of charity." Activities in pursuanc• of tho objgctives and public bonef Our objectives are met through high quality sports coaching and programmes that combine the promollon of sport, heatth and education. WhÈn planning our activitias the trustees and management staff have considered the Charity Commission's guidance on public benefit and have ensured these principles are followed throughout our activities. In particular, we encourage the inhabitants of Somerset and its surrounding areas to.. 'Promote community participation in healthy recreation rApable of improving health. by after s¢fvJols soccer coaching, holiday s(Kcer schools, soccer development cenlres, supporting ladies and loGal amateur football teams. 'Adv8ncing the education of children and young people" by addressing numeracy 2nd literacy and learning foreign languages through sport. We are grateful for the continuing support of the National League Trust. The Premier League Charitable Fund, and our valued stakeholders.
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) l¢ontinu•dJ Year ended 30 June 2024 Achievements and porfomiance Promoting communty participation in healthy rKreation The Trust has encouraged children between the age of three and sixteen to participate in structured. professional coaching and physical activtty sessions in a fun and safe environment across Somersel and Dorsel. Programmes include after schrjol coaching, targeted intervenlion within local primary h0S and special workshop sessions. working with children aged 3 -5 years of age. During the school holidays, our well established 'SOcr Schools, continued to be deliv@red al th8 Trust's facilities at the Avington Sports Development Centre and allended by over 250 children aged &12. Our Talent ID and Advanced Talent ID Centres which fornis part of the Trust's football development programme continues to grow and provides opportunities for over 100 boy5 and girts aged 5 -16 by providing structured football coaching with the opportunity for footballers wlh the skills and potential lo progress into Yeovil Town Football Club's Junior Premier League sides. Our football development programme is expertly managed by a dedicated themed officer and a team of coaches. During the latter part of the 2022-33 season a decision was made lo transfer the JPL activities into the main Club where the U18 squad was already managed in association with a College programme. This presented a significant challenge lo the Trust regarding Revenue generation. Advanclng educatlon of ¢hlldr•n and young people The Trust continued to deliver the Premier League Primary Slars programme. The programme connects learning lo the real wodd of sport lo enthuse pupils when laokling Ghallenging topics. Linking to the national curriculum and potentially available to every primary 5dwx)l in England and Wales il is desi9ned to inspire girls and boys aged 5-11 in the ¢lassroom. in the playground and on the sports field. The main aims ofthe programme are lo.. 1 Enhance the knOedge. skills, and confidence of teachers to improve delfvery of PE arKI school sport. 2 FalI121e children's enjoy)menl, participation and skills in competitive and non-competitive sports and physical activity. 3 Improve children's understanding of the personal skills and values needed to achieve their goals. 4 Support young people into further participation pathways in sport. During the financial year, we worked with pupils who demonstrated an increased need to engage wlh a school-based inlervenlion, such as PLPS, due to a combination of age related under achievement issues. a lath of self*sleemlconfid&nce and ongoing behavioural problems. Detailed dlscussions with both schod and delivery staff considered the challenges faced vvilhin the school communty to determine an appropriate programme of work. PE provision was delivered over a six-week period. working with teachers identif1 as requiring additional support, with the aim of increasing both their confidence and knOedge, whilst giving them
Yeovil Town Community Sports Trust Limited Company Llmited by Guarantse Trustees, Annual Report (In¢orporatlng the Directorfs Report) (contlnued) Year ended 30 June 2024 the tools lo deliver both challenging and stimulating PE Sessior for their pupils movlng foThwdrd. Engagement levels were assessed throughout the programmes via questionnaires atKI individuallgroup feedback, which was used to improvel amend our delivery model accordingly. We d8lNered a broad range of topics under the umbrella of PSHEIAnti-Discriminats'on which promoted healthy living. active lrfestyes. comrnunity cohesion ané inciusion. Staff ensured that sessions were age appropriate, delivered in a safe and welcoming learning environment and with appropriate learning objeGtives. The provision of multi-sport & healthy lrfegtyle activities were delivered in the form of football festivals, tournaments, & sports days. 9iving staff the opportunity to engage with pupils who may not have had the OPFK>rtunity to engage wlh us through targeted inlervenlionstyear group activity.
Yeovll Town Community Sports Trust Limited Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ondnuodJ Year ended 30 June 2024 Flnanclal roview The figures for the year are detailed on pages 10 to 21. The total income was £165,103 a decrease of 17% on the previous year due lo the loss of JPL Revenue. Although overall Revenue had reduced there was a conts.nued improvement in After School Club arKI Soccer School activity Post pandemic. A project was also undertaken in conjunction with the Police. However, these activities didn't pmduce sufficient Revenue to offset the loss of the JPL contribution. As a result only a small surplus of £1,450 has arisen in 2023-24 and we expect a deficit lo be posted for the year 2024-25 as the work of the Trust is realigned and new income streams are sought. The fund balan at 30 June 2024 we £81.393 of this £23,844 is reslricled. though the financial performance Is expected to recede year on year we are confident that with the appointment of a part lime Chief Executive Officer and other staff the substsntial changes that have been made will provide fresh drive and momentum to the Trust as a whole. Whilst the Trustees are satisfied wlh the Trust's financial position as al 30 June 2024 they absolutely COgnise the continuing challenges faced in the ensuing years to replace the revenue associated with the JPL. Actions have been taken lo minimise the impact by expanding After School Club's and Soccer Schools whilst also seeking additional grants. It is likety it wll take another 12 months before the actions taken wll Iransttion into the desired results. Reserves policy The charitable companls unrestricted reserves are represented, in Ihe main, by cash at bank and in hand. It is the policy of the company to mainlain unreslricled reserves to an appropri2ie level to provide sufficient funds lo cover any unfoSeen event such as the k*SS of a sourte of grant income. Trustees. responsibilitigs slatement The trustees, who are also dlreclors for the purposes of company law, are responsibie for preparing the truslees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the chanty trustees lo prepare financial statements for each year which give a true and fair view of the stale of affairs of the charitable company and the incoming res<)urces and application of resources, including th8 income and expenditure. for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consi51enlly.' obsetve the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent., prepare the finanGial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charivs transactions and disdose with reasonable accuracy at any lime the financlal position of the charty and enable Ihem lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularleS.
Yeovil Town Community Sports Trust Llmlted Company Limited by Guarantee Trustefrs. Annual Report (Incorporating the Directorfs Report) {contlnu8dl Year ended 30 June 2024 Small company provisions This report has been prepared in accordance with the provisions applicable lo companies entitled lo the small companies exemption. Th6 trustees, annual report was approved on 27 March 2025 and signed on tthaif of the ly)ard of trustees by. M J Slarnds Trustee
Yeovll Town Communlty Sports Trust Limited Company Limited by Guarantee Independent Examlner's Report to the Trustees of Yeovil Town Community Sports Trust Llmlted Year ended 30 June 2024 I report to Ihe trustees on my examination of the financial statemen15 Of Yeovil Town Community Sports Trust Limited I'lhe charitrf) for the year ended 30 June 2024. Responsibilitiès and basis of report As the Iruslees of the company {and also ils direGtors for the purposes of wmpany lawl you are responsible for the preparation of Ihe financial statements in accordance with Ihe requirements of the Companies Act 2006 {'the 2006 Act'l. Having satisfEd myself that the accounts of the company ar8 not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as caEd out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carying ijul my examination I have followed the Directions given by the Charity Commisslon under seclDn 145(5)Ibl of the 2011 Act. Indepgndent exarninerfs statement I have completed my examinatlon. I confirm that no matters have come to my attention in connection th the examination gwing me Cause to bolieve: ac¢ounling records were not kept In respect of the charty as required by s8clion 386 of the 2006 Act,. or the financial statements do not accord with those records," or the financial statements do not comply with the accounllng requlrements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matt8r considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor accounting and reporting by charilies applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Yeovil Town Community Sports Trust Limited fcortinuod) Year ended 30 June 2024 I have no concerns and have come across no other matters In connection with the examination lo which attention should be drawn in this report in order to enable a proper understsndiro of the accounts to be reached. Michele Bishop FCA, CT4 FMA4T, ATT Independent Examiner Bishop Jones g Sadler Sireel Wells Somers8t BA5 2RR 27 March 2025
Yeovil Town Community Sports Trust Limited Company Limited by Guarantse Statement of Financial Activities (including income and expenditure account) Year ended 30 June 2024 2024 Restricted funds Totsl funds Total funds 2023 Unreslricled funds Note Incomè and gndowments Donations and legacies Charitable aclivilEs Investment income 19,91Xl 128,667 15,270 35,170 128,667 1,266 39,500 159.096 422 Total income 149.165 15,938 165,103 199,018 Expendituro Exponditure on charitable activities Total gxpgndlture 127,860 35.793 163,653 209.002 127,860 35.793 163.653 209.002 Net incomelloxpendlture) and not movemènt in funds 21,305 {19,8551 1,450 (9,984) Reconciliation of funds Total funds brought forward Tolal fund$ ¢arri•d fopward 36.244 43,699 79,943 89,927 57.549 23,844 81,393 79.943 The statement of financial activities includes all gains and losses regnised in the year. All income and expenditure derive from continuing activities. Thg nots8 on pages 12 to 21 fomi part ofthese financial stalements. -10-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Statement of Financial Position 30 June 2024 2024 2023 Note Flxed assats Tangible fixed assets 13 877 Current assets Debtors Cash at bank and in hand 14 11,990 82,551 12,952 99,625 111,671 94.541 Crgdltors: amounts falllng duo wlthln ong year Not current assets 15 14,025 80,516 31,734 79,943 Total assets legs currant liabilities 81.393 79.943 Not assets 81.393 79,943 Funds of the charity Restricted funds Unrestricted funds 23.844 57.549 43,699 36,244 Total charlty funds 17 81,393 79,943 For the year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 21X)6 relating lo small companies. Directors, responsibilities.. The members have nol required the company to obtain an audit of ils financial stal8ments for the year in question in accordance with seclkon 476. The directors acknowledge their responsibilities for complying wth the requirement5 of the Act th respect to accounting records ané the preparation of financial statements. These financial ststements have been prepared in accordance with the pn)visions applicable lo companies subject lo the small companies, regime. These financial statements were approved by th8 board of trustees and aulhorised for issue on 27 March 2025, and are signed on behalf of the board by: M J Slame$ Trustee Th• nots8 on pago8 12 to 21 fomi part of thèst financial ststements, 11
Yeovil Town Community Sports Trust Limited Company Llmited by Guarantee Notes to the Flnancial Statements Year ended 30 June 2024 General infonnation The charity is a publi¢ benefit entity and a private company limited by guarantea, registered in England and Wales and a registered charity in England and Wales. The address of the registered offic8 is Huish Park, Lufton Way. Yeovil. Somorset. BA22 8YF. Stat¢ment of compllance These finoncial statements have been prepared in Complian wth FRS 102. The Financial Reporting Standard applicable in the UK and the RepubliG of Ireland,. the Slatemenl of Recommended Practice applicable to ¢harilies preparing their acci)unts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) {Charilies SORP {FRS 102)) and the Companies Act 2006. A¢counting policles Bas1$ of prgparatlon The financial statements have beerk prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilibes and investment properties measured at fair value through income or expenditure. Th8 financial statements are prepared in sterllng. which is Ihe functional currency of th8 enlty- Golng concern There are no material uncertainties about the charitls ability to continue. Judgements and kgy sources of ostimatlon un¢•rtalnty The preparation of Ihe financial statements requlres management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewe(i and are based on experience and other f8Ctors, including expectations of future events that are believed to be reasonable under the circumstances. Fund aGGounting Unrestricted funds are available for use at the discretlon of the trustees lo further any of the charilrfs purposes. Designalod funds are unrestricted fvnds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictnS on their expenditure dedared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds. 12-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Notes to the Financial SL*ementS (contiftued) Year ended 30 June 2024 Accountlng pollcles (contlnv8dJ Incoming r8sourcoS I Incoming resources are included in the statement of fSnancial activities when entillement has passed lo the charity- it is wobable that the economic benefits associated wlh the transaction wtll flow to the charity and Ihe amount can be reliably measurad. The following speclfic policies are applied io particular categories of income.. income from donations or grants is recognised when there is evidence of enlitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised en receipt is probable and enlillernent ts estsblished. income from donated goods is measured at the fair value of the goods unloss this is impractical to measure reliably. in which cas8 the value is derived from the cost to the donor or the eslimaled resale value. Donated facilities and services are recogriised in the accounts when received rf the value can be reliably measured. No amounts are induded for the contribution of general volunteers. income from contracts for the supply of seTvices is recognised with the delivery of the ¢onlracted service. This is classrfied as unrestricted funds unless there is a contractual requirement for it lo be spent on a partilar purpose and relumed rf unspent, in which case It may be regarded as rèstrictgd. Re60urce8 expondgd Expenditure is recognised on an accruals basis as a liability is incurred. Expenditu in¢lude5 any VAT which cannot be fvlly recovered, and is dassrfied under headings of tho statement of financial activities to which il relates: expendthre on raising funds includes the costs of all fiJndr8ising aclivilies, evgnls, non- charitable trading activities, and the sale of donated goods. expenditure on charitstle activili8s includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, induding those support costs and costs relating to the govemance of the charity apportioned to charitable aclivilies. other expenditure indudes all expenditure that is neither related to raising funds for the charlty nor part of its expenditure on ch2ri18ble activities_ All costs are allocated to expenditure calegories reflecting the use of the resource. Direct costs allributabie to a single activity are allocated directly to that activity. Shared costs are apportK)ned been the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible ass9ts Tangible assets are initially recorded al cost. and subsequently staled at cost less any aCMlated depre¢iation and impairment losses. Any tangible ass8ts carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent ac¢umulated deprecialion ar subsequent accumulate(J impairment losses. 13-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Notes to tha Flnanclal Statements {wilinudJ Year ended 30 June 2024 Accounting policios (Gofttlnu Tangible assets {cortinued) An inc£Se in Ihe ¢arrwng amount of an asset as a result of a revaluation. 1$ regnised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been reco9nised as expenditure within the statement of financial aclivities. A de¢regse in the carrying amount of an as5el as a result of revaluation, is recognised in other recognised gains and losse5, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value. over Ihe useful ecoTh)mic lite of that asset as follows.. Plant and machinery Fixtures and fittings 20Vo Straight line 33% straight ling Impalrment of flxed ass8t8 A review for indicators of impaimient is carried out at each reporting date. with the recoverable amoL¢nt being estimated where such indicators exist. Where the carrwng value exceeds the r8cov8rable amount, the asset is impaired accordingly. Prior impairments are also raviewed for possible reversal at each reporting date. For the purposes of impairment testing, when il is not possible lo estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash- generating unit lo which the asset belongs. The cash-generaling unit is the smallest Identifble group of assets that includes the asset and generates cash infiows that largely independent of the cash inflows from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business combination is. from the acquisilDn dale. allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination, irrespeclive of whether other assets or liabilities of the charity are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the contractual provislons of the instrument. Basic financial instruments are initially recognised al the amounl receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the $h or other onsideralion expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. -14-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Notes to the Financial Statements icontlnuodj Year ended 30 Junè 2024 Accountlng policies (contlnuod) Financial instruments (contlnwd) Where investments in shares are publidy traded or their fair value cars otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al Gost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rale of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for 2 similar debl in$trumenL Other financial instruments are subsequently measured al fair value. with any changes recognised in the statement of financial aclivilies, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measL¢red at cost or amortised cost are reviewed for objective eviden of impairment at the end of each reporting date. If there is objeclwe evidence of impairment, an impairment loss is reeognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity Instruments regardless of signifiGance, and other financial assets that are individually signrficanl. these are assessed individually for impairment. Other financial assets a either assessed individually or grouped on Ihe basis of similar credit risk characteristics. Any revergals of impaimienl are recognised immediately, lo the extent that the reversal does not result in 2 carying amount of the financial asset that exceeds at the carrwng amount would have been had the impairment not prevM)usly been recognised. D•fln•d ¢ontributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayTnenl will lead to 2 reduction in future payments or a cash refund. When contributions are not expected to be settled wholly wthin 12 months of the end of the reporting date in which the employees render the related service. the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in whith il arises. Limited by guarantee The company Is limtted by guarantee registered in England and Wales and registered as a charity. The company was registered pursuant to 8 Memorandum of Association which established tts objects and powers as laKI down in ils Articles of Assoctalion. Under these Articles. the company is managed by the Truslees. 15-
Yoovil Town Community Sports Trust Limited Company Limited by Guarantee Notes to the Financial Statements {c4>rtinued) Year ended 30 June 2024 Donations and legacies Unrestricted Funds Restricted Tolal Funds Funds 2024 Donations Donations 4,220 4.220 Grants National league Primary stsrs programme Police community 15.270 15.270 15,680 15.680 19,)0 15.270 35,170 Unrestricted Funds Restricted Total Funds Funds 2023 Dgnations Donations Grants Nation81 league Primary stars programme Pdiix communty 25,000 14,500 25,(X)O 74,500 39,500 39.500 Charitable activitles Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 School (x)aching Holiday courses Developmenl centres Junior premier league Match day experience Other 17,046 46,732 38,306 8.528 17,046 46,732 38,306 8,528 14,707 32,481 65,961 37,613 307 8,027 14, 707 32,481 65,961 37,613 307 8,027 18.055 18,055 128,667 128,667 159,096 159,096 Inv98tment income Unrestricted Funds ReStrted Total Fund8 Funds 2024 Bank interest receivable 598 1,266 16-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Notes to the Flnancial Statements (¢ofttlnu•dJ Year ended 30 June 2024 Investment Incom• iconUnu¢dJ Unrestricted Funds Restricted Totsl Funds Funds 2023 8ank interest receivable 244 178 422 Expéndituro on charitable actlvllles by fund type Unre51ricted Funds Reslricl8d Totsl Funds Funds 2024 Charitable activit Support costs 123,970 3.890 35,793 159,763 3.890 127,860 35,793 163.653 Unrestricted Funds Restricted Total Funds Funds 2023 Charitable activities Support costs 157,687 3.563 47,752 205.439 3.563 161,250 47.752 209.002 Net incomo1(gxpenditure) Net incomel{expenditure) is staled after chargingllcrediting>'. 2024 2023 Oepreciation of tangible fixed assets 433 10. Indep•nd•nt oxaminatlon foa¥ 2024 2023 Fees payable to the independent examiner for.. ependent examination of the financial slalernenls 3.890 3,563 11. Staff ¢osts The total slaff costs and employee benefits for the reporting period are 8nalysed as followE'. 2024 2023 Wages and salaries Social security costs Employer contrilyjlions to pension plans 99,406 385 638 122.551 4,603 1,909 100,429 129.063 -17-
Yeovil Town Community Sports Trust Limited Company Limit•d by Guarantee Notes to the Financial Statomonts Icontlnuedj Year ended 30 June 2024 11. Staff costs {gxrtlnuoO) The averdge head count of emptyees during the year was 11 {2023.. 14). The average number of full-tlme equivalent èmployees during the year is analysed as follows- 2024 No. 2023 No. Provision of foolb211 coaching Management and administratior) 10 14 No employee received employee benefits of morg than £60,000 during Ihe year12023.' Nil). 12. Trustee remuneration and expenses None of the Trustees received any remuneration during the year. 13. Tangible Ilxed ass•ts ant and Fixtures and machinery fittings Totsl At 1 Juty 2023 Additions 11.535 10,478 1,310 22,013 1,310 AI 30 June 2024 11,535 11.788 23,323 Depreclatlon At 1 July 2023 Charge for the year At 30 June 2024 11.535 10.478 433 22,013 433 11.535 10.911 22,446 Carrying amount At 30 Jun• 2024 877 877 At 30 June 2023 14. Debto 2024 2023 Trade debtors Prepayments and accrued income 11,823 167 10,155 1,897 11,990 12.052 -18-
Yeovil Town Community Sports Trust Limited Company Limited by Guarantse Notes to the Financial Statements lcontinu¢dJ Year ended 30 June 2024 15. Creditors: amounts falllng dua within one year 2024 2023 Trade creditors Accruals and deferred income ial security and other taxes 3,539 9,620 866 3,258 26,836 1,640 31,734 14,025 Deferred income includes £Nil {2023.' £16,419) in respect of fees re1Ved in adv8ft for the development centre programme. 16. Penslons and other p08t retlrement beneflts Dl•d Gontribution plans The amount recognised in income or expenditure as an expense in relation to defined Contr1110n plans was £63812023.. £1.909). 17. Analysis of ¢haritablo funds Unrestricted funds At 1 July 2023 Income Expenditure 30 June 2024 General funds 36,244 149,165 (127.860) 57.549 Al Income Expenditure 30 June 2023 Ai 1 July 2022 General funds 38,154 159,340 (161,250) 36.244 19-
Yeovll Town Communlty Sports Trust Limited Company Limited by Guarantee Notes to the Financial Statements (fjonlinu•d) Year ended 30 June 2024 17. Analysls of charltabl• funds (contlnu8(4 Restri¢ted funds At 1 July 2023 Income Expenditure 30 June 2024 Agustaweslland - Alvington {Wesdand Helicopters) Premier League Grant National League EFL Knrfe Crime 37,467 285 4,947 1,000 117.626) 1285) 117,882) 20.509 15,270 2,335 1.OCKJ 43.699 15,938 (35.793) 23.844 At Inme Expenditure 30 June 2023 At 1 July 2022 Agustaweslland - Alvington {W8slland Helicoplersl Premier League Grant N81ional League EFL Knrfe Crime 42,241 8.532 178 14,500 25,1X)O (4.952) 122.747) 120,053) 37.467 285 4,947 1,000 43.699 1,000 51,773 39.678 {47.752) 18. Analysls of net assels between funds Unrestri¢led Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Credrtors less than 1 year Net assets 877 66,877 110,205) 57,549 877 94,541 (14.025) 81.393 27,664 (3.820> 23.844 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Not assets 59,808 {23,5641 36,244 51.869 18.170) 43,699 111,677 (31, 734) 79,943 -20-
Yeovil Town Community Sports Trust Llmlted Company Limited by Guarantee Notes to the Financial Statements (GoJthu•d) Year ended 30 Juna 2024 19. Rèlatod partiOS No tnJ5tee or person wf(h a family or business connection with a trustee received remuneration in the period, eilher direcuy or Indiredy. Scoll Prieslnall was a dlrector until 12 May 2023 of the Yeovil Football and Athletic Club Limited YFACLI. YFACL have borne the majority of the costs directly of maintaining the Alvington facility this year, used by the trust. During 2013 the charilable company entered into an ongoing service level agreement vAth Yeovil Football and Alhlelic Club Limited. A financial term of this agreement is that the Charity seeks lo be self funding, although the Club will provide such financial support as is required to enable the Charty to meet its liabilities as they fall due. -21
Yeovil Town Community Sports Trust Limited Company Limited by Guarantee Management Inforniation Year ended 30 June 2024 Tho followlng pages do not form part of the financial statoments.
Yeovil Town Community Sports Trust Llmlted Company Llmited by Guarantee Detailed Statsment of Financial Activities Year ended 30 June 2024 2024 2023 Incoma and ondowmonts Donatlons and logacies Donations National league Primary stars programme Police community 4,220 15.270 25,000 14,500 15,680 35,170 39,500 CharStable a¢tlvities School coaching Holiday courses Development centres Junior premier league Match day experience Other 17.046 46,732 38,306 8.528 14.707 32,481 65.961 37,673 307 8,027 159.096 18.055 128.667 Investmènt income Bank interest receivable 1,266 422 Total income 165,103 199,018 -23-
Yeovil Town Community Sports Trust Limited Company Llmited by Guarantee Detailed Statement of Financial Activities (¢onUnu¢dJ Year ended 30 June 2024 2024 2023 Expendi¢uro Expandituro on ¢haritablo actlvllies Wages and salaries Employer's NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other establishment Other motorllravel costs Legal and professional fees Telephone Other office costs Deprecialion Junior premier league Soccer schools expenses Primary stars projecl Match day experience tickets Funé raising fees Staff Trainin9 Computer costs Website costs Other 99,406 385 638 144 857 13,281 17,697 1,267 122,551 4,603 1,909 28,995 1. 725 9,865 5,042 1,251 170 3,099 3,563 266 1,192 2,531 8,370 127 856 433 8,369 9.242 70 5,572 1,812 2,674 234 525 799 3,843 450 122 3.792 791 1,533 1.276 1.328 163,653 209.002 Total gxpfrnditure 163,653 209,002 Nat In¢omellexpendituro) 1,450 (9,984)