BLACKPOOL F.C. COMMUNITY TRUST REPORT OF THE TRUSTEES – LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31st AUGUST 2023
BLACKPOOL F.C. COMMUNITY TRUST (A COMPANY LIMITED BY GUARANTEE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
Registered Charity No: 1128235 Company No: 06808212
Azets Audit Services Statutory Auditor Floor 1 Capital House 8 Pittman Court Pittman Way Fulwood Preston PR2 9ZG
BLACKPOOL F.C. COMMUNITY TRUST CONTENTS
| Pages | |
|---|---|
| Legal and Administra�ve Informa�on | 2 |
| Annual Report of Trustees | 3 – 16 |
| Statement of Trustees’ responsibili�es | 17 |
| Independent Auditor’s Report | 18 – 21 |
| Statement of Financial Ac�vi�es | 22 |
| Balance Sheet | 23 |
| Statement of Cash Flows | 24 |
| Notes to the Financial Statements | 25 – 44 |
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BLACKPOOL F.C. COMMUNITY TRUST CONTENTS
| Charity Number | 1128235 | |
|---|---|---|
| Company Number | 06808212 | |
| Directors and trustees: | H Feeney | |
| N Jack | ||
| W Swi� (Chair) | ||
| L Campbell | ||
| C Singleton | ||
| J Winter | ||
| Key management personnel: | A Hacke� | Chief Execu�ve Ofcer |
| M Hilton | Deputy Chief Execu�ve Ofcer | |
| S Hayes | Head of Educa�on and Employability | |
| M Joseph | Head of Early Years and Primary Programmes | |
| G Tricke� | Head of BFC School | |
| J Shields | Head of Opera�ons | |
| Registered Ofce: | Blackpool Football Club | |
| Seasiders Way | ||
| Bloomfeld Road | ||
| Blackpool | ||
| FY1 6JJ | ||
| Lancashire | ||
| Bankers: | NatWest Bank plc | |
| Church Street | ||
| Fleetwood | ||
| Auditor: | Azets Audit Services | |
| Statutory Auditor | ||
| Floor 1 Capital House | ||
| 8 Pi�man Court | ||
| Pi�man Way | ||
| Fulwood | ||
| Preston | ||
| PR2 9ZG |
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
for the year ended 31 August 2023 which are also prepared to meet the requirements for a Directors’ report and accounts for Companies Act purposes.
statements comply with the Chari�es Act 2011, the Companies Act 2006, the Memorandum and Ar�cles of Associa�on, and Accoun�ng and Repor�ng by Chari�es: Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (effec�ve 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is registered as a charitable company (company number 06808212) limited by guarantee. It is also registered as a charity (charity number 1128235). The company is governed by its Memorandum and Ar�cles of Associa�on. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.
Recruitment and Appointment of Trustees
The directors of the company are also charity trustees for the purpose of charity law and under the company’s ar�cles. All trustees give their �me voluntarily and receive no benefits from the charity.
Cons�tu�on and Organisa�onal Structure
The charitable company is governed by a commi�ee who are Trustees of Blackpool FC Community Trust elected under the terms of the charitable company’s rules. Trustees meet in a structured way approximately four �mes a year and the mee�ngs involve a robust scru�ny of the ac�vi�es taking place. The trustees aim to make sure the organisa�on is efficient and solvent and is s�cking to its core ac�vi�es. Financial reports are scru�nised and challenged where necessary.
In addi�on to the structured mee�ngs, trustees are kept informed through regular emails about developments, opportuni�es and issues that need immediate ac�on.
is prepared prior to the commencement of the financial year and is approved by the trustees. It is then the responsibility of the Chief Execu�ve Officer to ensure that the budget is followed, and that any further spend outside of an agreed amount is approved by the board of trustees.
At the �me that the budget for the coming year is approved, the trustees also review the pay of key management personnel and other staff. All staff are on a pay scale system with poten�al increments awarded a�er each year of employment.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Directors and Trustees
The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:
Wendy Swi� (Chair) Harry Feeney Neil Jack Lindsay Campbell Benjamin Mansford Resigned 12[th] October 2023 Bre� Gerrity Resigned 20 April 2023 Carolyn Singleton Julian Winter Appointed 18[th] September 2023 Mark McGhee Appointed 17[th] October 2023 (Resigned 30[th] January 2024)
Risk Management
The trustees have examined the major strategic, business, and opera�onal risks which the charity faces and confirm that systems have been established to enable regular reports to be produced. This allows there to be necessary steps in place to lessen these risks.
Related Par�es
The Trust con�nues to receive support from The Blackpool Football Club Limited.
OBJECTIVES AND ACTIVITIES
Purpose and main ac�vi�es
The charity operates through a charitable company and the principal objects of the company as stated in the Memorandum of Associa�on are to:
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Promote The Blackpool Football Club Limited through its work and to encourage interest and support the club;
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Promote Blackpool F.C. Community Trust throughout the North West region and to establish programmes of educa�on and lifestyle training;
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Provide and develop educa�onal and learning opportuni�es for local people
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Work in partnership with local groups, associa�ons and organisa�ons to help develop programmes of work and ac�vi�es throughout the local area for the benefit of all; and
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Promote equal opportuni�es for all and equality of access to all ac�vi�es
Ensuring our work delivers our aims
We review our aims, objec�ves and ac�vi�es each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each project and the benefits they have brought to those groups of people we are set up to help. The review also helps us to ensure our aims, objec�ves and ac�vi�es remains focused on our stated purposes.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
guidance on public benefit when reviewing the Charity’s aims and objec�ves.
ACHIEVEMENTS AND PERFORMANCE
2022/23 was a challenging yet successful season for the Community Trust. Despite the backdrop of a cost-ofliving crisis, the lingering effects of the COVID-19 pandemic, and opera�ng in one of the most underprivileged towns in the country, we remained commi�ed to providing support that actually improves the lives of local residents.
More recently, we’ve looked to adopt a new strategic perspec�ve, emphasising impac�ul provision. Last season, we pushed our team to evaluate the impact of their work and whether they could make more of a difference by focusing on building long-term rela�onships to create a meaningful impact rather than through fewer large-scale par�cipa�on events.
As a result, this led to a decrease in the number of unique par�cipants we engaged with, but a considerable increase in the frequency of visits and posi�ve interac�ons, developing a genuine impact.
Among the standout accomplishments of the season is our support for women’s football in the town. This has been a goal we’ve considered and me�culously planned for years, to ensure seamless collabora�on with the already successful Blackpool FC Girls and Ladies grassroots ini�a�ves.
our commitment, while the Ladies’ team playing fixtures at Bloomfield Road emphasises the Club’s support. We’re really proud of the progress we’ve made in this area, and even more excited for what’s to come in the future.
We were also very proud to open our second community facility in January 2023, The Aspire Sports Hub, working closely with the High School.
The facility now supports the local community to engage in welcoming and safe ac�vi�es on facili�es including five 3G 5-a-side pitches, a 7-aside pitch and Sports Hall. We have work on the facili�es to be completed to make it even be�er, but are fully commi�ed to making this a key hub to our future endeavours.
In December, we launched our Warm-Up Hubs, designed to support individuals who may struggle to pay bills and put food on the table. Thanks to the generous funding from our local council and further support from our Club’s owner, Simon Sadler, we have been able to provide a warm environment, hot meals, ac�vi�es, and sociable company to more than 100 a�endees weekly. While it’s heartbreaking that people in our town need this type of support, it’s been overwhelming witnessing the collec�ve effort to provide for those who need it.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
The season brought its share of challenges, including the discon�nua�on of na�onal funding for NCS and the Opportunity Area programmes. Despite these and other obstacles, we’ve dedicated ourselves to maintaining our programmes locally, recognising our impact on the local youth and their importance to the community.
Our duty to deliver successful programmes remains steadfast, but securing the necessary funding for ongoing projects is tough. With the added probability of further reduc�ons in public funding, we have to explore inven�ve ways to sustain our crucial support.
That being said, the future looks to be really exci�ng as we embark on new facility developments and see the evolu�on of innova�ve strategies in numerous areas with a specific focus on Esports and our LGBTQ+ community, among other ini�a�ves.
We take immense pride in our achievements to date and look forward to what’s next.
KEY PROGRAMMES AND DELIVERY
Early Years and Primary
– Tiny Tangerines Mini football sessions for children in pre-school to Year 2 are aimed at; increasing confidence, coordina�on and football skills for young children whilst giving them the opportunity to engage with others.
The Sports Development team have created a coaching curriculum that is aimed at both developing and challenging those taking part in the sessions no ma�er their ability. It is also an introduc�on to football for some children and a pathway into local grassroots football teams.
– Fit2Go This six-week, two-hour programme is funded by; Blackpool Council, Public Health Blackpool, NHS Blackpool Clinical Commissioning Groups (CCG) and Blackpool FC Community Trust, allowing it to be offered free to all Blackpool primary schools.
The programme encourages Year 4 children in Blackpool to live a healthy lifestyle and take part in regular physical ac�vity. Pupils are introduced to ways they can improve their wellbeing and make be�er choices for their health through both prac�cal and theory-based lessons.
Premier League Primary Stars (PLPS) – Through funding from the Premier League Charitable Fund, PLPS is offered to all Blackpool primary schools. The programme aims to support primary school teachers in improving their knowledge, confidence and delivery of na�onal curriculum PE lessons as well as improving PE standards.
PLPS creates posi�ve outcomes across sports, health, and educa�on through the numerous programmes that mirror the vision of the Premier League and the values of the school.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Holiday Ac�vi�es and Food (HAF) – The Department for Educa�on fund our Holiday Ac�vi�es and Food (HAF) offer. This takes a more targeted approach to support children in Blackpool who receive benefit-related free school meals. We provide them with free access to enrichment ac�vi�es including sports and games, a healthy meal, snacks, and drinks throughout the school holidays.
Sports Camps – Our Sports Development team deliver a number of mul�-sports camps during the school holidays. They provide a fun, friendly and secure environment for children to socialise and take part in sports, games and arts and cra�s ac�vi�es.
Unstoppable – Our Year 6 PSHE programme has been developed using ‘Unstoppable’ by best-selling author, Dan Freedman.
crime, rela�onships, and the transi�on into high school. By working with characters in the book, pupils are encouraged to discuss real-life scenarios and work with a member of our staff to develop personal coping strategies.
Football Camps to get involved in all things football. During school holidays, our qualified coaching staff provide par�cipants with; individual skill training, group prac�ce, small-sided games, and fun football-related ac�vi�es.
camp at Armfield Academy. These sessions encourage girls to play and contest against each other in a friendly environment.
Female Football – Our Female Football Development Manager has helped to develop and deliver femaleonly football sessions in a range of se�ngs across Blackpool.
We have delivered girls’ football sessions at primary schools, have arranged girls’ tournaments and started our own FA Weetabix Wildcats sessions to introduce girls to the game. All programmes aim to use the Blackpool FC brand to inspire and engage with as many girls as possible in Blackpool and the Fylde Coast.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
EDUCATION AND EMPLOYABILITY
– Blackpool FC School Currently providing both full-�me and part-�me provision for Key Stage 4 students, who require an alterna�ve to mainstream educa�on.
We work with Blackpool Council, Educa�onal Diversity and local high schools to provide students with Maths, English, and Science subjects to GCSE level, whilst also comple�ng project-based learning, PSHE and a qualifica�on in sports and fitness.
Kickstart Government Scheme – Through Government funding we are one of only two Kickstart Gateways, seeing local 16 to 24 year olds given the opportunity to gain six months of paid work experience. As a Gateway, we support businesses with the recruitment of local young people.
We have also supported local young people through work experience and have employed seven young people from this ourselves.
NCS Skills Booster – Working with our NCS partners, local Year 11 and 12 pupils take part in a 15-week course, focused on life skills and future aspira�ons. Par�cipants take part in virtual and in-person ac�vi�es to learn new skills and �ps which support topics iden�fied by their schools and colleges.
NCS – With the support of the Department for Digital, Culture, Media and Sport (DCMS), we provide 15 to 17-year-olds with opportuni�es to step out of their comfort zone and challenge themselves during residen�al trips.
Par�cipants take part in a range of ac�vi�es throughout summer or autumn, giving them the chance to learn about their local area and develop a social ac�on plan to make a difference in their community.
High School Hubs – Our High School Hubs provision is made up of four core programmes to provide further support to pupils in Blackpool schools alongside their academic pathway. High School Hub Mentors are based in our five partner high schools in Blackpool for one or two days per week, providing support from Year 7 to Year 11.
In 2022 we introduced a new strand of work to our High School Hubs programme, Year 7 Transi�on, to support young people through what can be a challenging part of their life.
Premier League Inspires – Funded by the Premier League Charitable Fund and Public Health Blackpool, Premier League Inspires is a 15-week, posi�ve mental health and resilience programme. It is delivered once a week, to selected Year 9 pupils across Blackpool. The primary focus of Premier League Inspires is to help young people reach their poten�al by developing coping strategies and ensuring they’re engaged and inspired.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Beaverbrooks Enterprise – In partnership with Beaverbrooks, the Enterprise programme works with Year 8 pupils to introduce them to business and entrepreneurship. The programme helps to develop essen�al employability skills, raise aspira�ons, and unlock poten�al.
Pupils also take part in the Enterprise Challenge set by Beaverbrooks, to iden�fy a business gap or local need and develop a plan to address this. This includes a Dragon’s Den style ac�vity with a board of ‘dragons’ from Blackpool based companies including Blackpool FC.
1:1 Mentoring – Funded by the Blackpool Opportunity Area we provide 1:1 mentoring to young people aged 11 to 16 in high schools. Each week students work with their dedicated mentor to build their resilience, confidence and self-esteem. Mentors help pupils to cope with stress and implement strategies to overcome any difficul�es they may face in their lives or at school.
Year 7 Transi�on – Transi�oning from primary to secondary school can be an extremely challenging �me for any young person. New environments, experiences and rela�onships can be overwhelming, triggering changes in behaviour, raising anxiety, and igni�ng other mental health concerns.
We work in high schools to help pupils come to terms with change, normalise it and thrive within it. The themes covered are, coping strategies, working with our own assets and skills, planning a pathway to success and crea�ng new friendships.
The programme provides pupils with the opportunity to have a voice, feel heard and improve their confidence within their new surroundings.
Pre-Traineeship – Through funding from The UK Community Renewal Fund, our Pre-Traineeship helps individuals who are the furthest away from employment. Those involved are supported to develop personal skills, increase confidence and gain valuable work experience to move them closer to employment.
Blackpool FC Sports College – Provide full �me further educa�on courses, including BTEC Level 2 and 3 in Sports Industry Skills and Sports Coaching. Learners also study Func�onal Skills and GCSE English and Maths if required.
support learning as well as extra-curricular ac�vi�es to enhance learner experience.
Traineeship – Our Traineeship is funded by B-Skill and Educa�on Group. The programme supports individuals who are not in educa�on, employment, or training (NEET). Over 12-weeks they gain work experience along with Func�onal Skills qualifica�ons.
The trainees develop their teamwork, communica�on and problem-solving skills. The course improves the par�cipants’ confidence to help them to make the move into employment.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Founda�on and Top Up Degree Courses founda�on degree in Community Football Coaching & Development and in Sports Coaching & Development. Both are an ideal progression route for our BTEC students as well as others wan�ng to pursue a career in the sports industry.
We also provide a Top-Up Degree to consolidate learning from a founda�on degree and gain a full BSc Honours Degree for both pathways.
Community Programmes
Disability Sport school physical ac�vity sessions that are tailored to each school and pupil’s needs. We use mul�-skills ac�vi�es, interac�ve games, addi�onal sports, and arts and cra�s.
Stars Camp – During half-terms and summer holidays, we run a very successful camp for young people living with a disability aged 7 to 18 from Blackpool, Fylde and Wyre. The camp is delivered by highly qualified and experienced staff. With support from Lancashire County Council and Blackpool Council, we deliver; mul�skills ac�vi�es, interac�ve games, sports, as well as arts and cra�s to engage children living with disabili�es.
Every Player Counts football sessions that take place every week at loca�ons across Blackpool. These sessions use the power of football to promote posi�ve mental health and provide assistance to those living with disabili�es. This is achieved through physical ac�vity and building peer-support networks.
Premier League Kicks HAF – Funded by Blackpool Council and Premier League Charitable Fund, Kicks HAF includes a range of camps delivered during the day throughout school holidays. These ac�vi�es include football, mul�-sport, online gaming and trips. We also provide a nutri�ous meal, snacks and drinks to each par�cipant for free.
Premier League Kicks – Through funding from the Premier League Charitable Fund, we deliver diversionary ac�vi�es for young people aged 8 to 18 in specifically iden�fied wards that have the most an�-social behaviour. These sessions allow the young people to meet new friends and stay ac�ve through football, dance, boxing, gaming, workshops and na�onal compe��ons with other football clubs.
FIT Blackpool – With funding from EFL Trust and Public Health Blackpool, this free 13-week weight management programme is on offer to all. It includes a combina�on of theory and prac�cal sessions to help the par�cipants to sustain weight loss and lead healthier lives. Our ‘Keep Fit’ sessions encourage graduates of FIT Blackpool to con�nue to monitor and con�nue their progress.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Move More – ‘Ac�ve Through Football’ (Move More) is a new programme from Sport England, which is funded by the Na�onal Lo�ery and delivered by the Football Founda�on.
The aim is to increase ac�vity levels and create sustained behaviour change using a ‘place-based approach’. Working as part of a consor�um with key partners, including Blackpool Council’s Public Health teams, Ac�ve Blackpool, Lancashire FA, and Ac�ve Lancashire, we target working-age adults who live or work in Blackpool.
– Get Vocal Developed in partnership with Blackpool FC and Blackpool Council. Get Vocal is a social group based at Bloomfield Road which takes place weekly and aims to provide a safe space for men to come together in a non-judgemental se�ng, to ‘turn up, talk and get it off their chest'.
Divert Youth – Young people are assigned a 1:1 mentor to co-produce a personal development plan, outlining goals they want to achieve. Funded through Lancashire Violence Reduc�on Network, this preventa�ve programme is aimed at 10 to 17 year olds who are at risk of entering the Criminal Jus�ce System.
Divert through Lancashire Violence Reduc�on Network, we deliver a custody interven�on programme that works with 18 to 25 year olds who have commi�ed a violent crime.
– Tower Above Funded by Blackpool Council and the Premier League Charitable Fund, we provide 1:1 mentoring to children aged 8 to 12 by u�lising sports and physical ac�vity to engage with them. Referrals come from the Early Help and Support team, through Blackpool Council, the aim is to prevent young people from being involved in an�-social behaviour.
Weekly Walk & Talk – Our walks encourage anyone to get together as a group and help each other become more physically fit and combat loneliness.
Engage 4 Change – A mul�-agency partnership with Empowerment, Groundwork UK and the Rank Founda�on. The aim is to engage 17 young people who are aged 18–25, live in a specific area of Blackpool, and are not in educa�on, employment or training (NEET).
We work with these young people to understand what they perceive as barriers and come up with solu�ons.
Street Soccer – We partnered with Street Soccer Founda�on to deliver the Blackpool Street Soccer Academy. The 10-week na�onally acclaimed personal development programme supports young people aged 18 to 30 who are at risk of homelessness and/or not in educa�on, employment or training. The programme provides a combina�on of football coaching, mindset training and employability workshops to help par�cipants improve their health and employability prospects.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Walking Football – Walking Football is a slower version of the beau�ful game, helping people rekindle their love of playing football.
Masters Football – Masters Football is a slightly slower paced 5-a-side version of football for men and women over the age of 35.
Both Walking and Masters Football encourage football lovers to con�nue to take part regardless of their
Spor�ng Memories – This programme encourages those who share a love for sports, in par�cular football, to get together. It is an enjoyable social group where fans are encouraged to share their memorabilia and memories.
Extra Time – This is a weekly social group for over 55s which includes chair-based exercise, dominoes, quizzes, trips, country-themed a�ernoons, or a simple coffee and a chat.
Assura Wellbeing Hubs – We have secured funding from Assura Community Fund for a wellbeing project which encourages those who a�end Walk and Talk, Walking Football and the Vets Walk and Talk, to stay behind a�er their physical ac�vity for a hot drink and a chat.
Local services are also in a�endance and provide pop up support for our par�cipants.
Veterans Ac�vi�es – NAAFI Break – With funding support from the Armed Forces Covenant Fund Trust (AFCFT), the Trust delivers a host of provisions for local ex forces members, including a NAAFI social group, a gardening club, walk and talks, doorstep visits and Forces Football and Boxing sessions, to support our members to engage in social and physical ac�vity.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Financial Success
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organisa�on which mainly receives its financial provision from other funding organisa�ons, careful management is of utmost importance.
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stop abruptly, bids not be won, or projects not be renewed, we can always make though�ul plans for the future. Staff contracts are set to reflect the possibility of a change in future funding.
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dura�ons. The Trust is aware that con�nuing to develop sources of funding for new projects and to renew projects that are approaching the end of their current life cycle is vital. The Trust is also aware that funding tends to arrive in lump sums and not on an even monthly basis. Cash flow forecasts ensure this is managed.
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The Trust operates on a rolling 3-year development plan, which guides the delivery of over 60 projects aimed at suppor�ng the local community to live healthy and ac�ve lifestyles through sport and physical ac�vity. By con�nually reviewing and upda�ng the plan, the Trust aims to ensure that its projects remain aligned with the charity's objec�ves and that they con�nue to meet the needs of the community.
Thank you
commitment has ensured success. Despite the challenges presented by the pandemic, their unwavering support has enabled the Trust to con�nue to deliver projects that benefit our en�re community. The Trust also expresses its apprecia�on to the volunteers who have contributed to the success of these projects with their enthusiasm and commitment.
The Trust recognises and thanks the partner organisa�ons it has collaborated with, whose contribu�ons of money and resources have been a great investment in the community's future. The Trust is par�cularly grateful to Blackpool Football Club for providing excellent accommoda�on for its ac�vi�es, offices, and for access to the club's facili�es.
growth in the Trust's turnover in the years ahead.
to the future and hope that a growing number of fans, residents, and local professionals will come forward to support our community.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Plans for Future Periods
spor�ng goals professionally and effec�vely.
The Trust looks forward to con�nuing to work closely with Blackpool FC and develop genuine Social Value for the town and with key partners including Blackpool Council, The Premier League and EFL Trust to find new funding streams to support the work being delivered.
year include:
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New Strategy – The Charity will launch a new 3-Year Strategy in Summer 2024, demonstra�ng the inten�ons for the future and how we will support the community across Blackpool and the Fylde Coast, focused on Early Years, Educa�on and Employability, Community Programmes and Infrastructure.
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Aspire Sports Hub – A long-term lease agreement has been instructed, following the successful relaunch of Aspire Sports Hub. The Trust will invest addi�onal resources to bring the site up to date and standard for full use across the school and the Community, suppor�ng the Chari�es provision and local Football teams.
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Revoe Sports Hub – Now planning permission has been granted, the Trust will support the Football Club in implemen�ng plans to start work in 2024 for the Community site, which will be managed by the Community Trust, to support the local community with top-standard facili�es, to increase physical ac�vity and improve educa�on opportuni�es.
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Northern Hub – The Community Trust will con�nue to inves�gate op�ons to develop a Community Hub to support the north of the town, making sure to find a suitable and sustainable opportunity.
Esports – A new area of work for the Trust is Esports, with this new genre opening up new avenues to engage young people not normally reached by our tradi�onal provision. Programmes focused on suppor�ng young people via programmes including Kicks and HAF will be developed further, whilst new provisions will be introduced to engage new fans on match days, school sessions and compe��ons and the introduc�on of BTEC Esports programme for post-16’s, as part of BFC Sports College.
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addi�onal support to pupils needing addi�onal support to the tradi�onal offer in school. This programme will work with a small group of Year 10 pupils, that need a more nurture-focused programme to support their educa�on.
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Get Vocal / Mental Health – We intend on expanding our Mental Health offer to adults across the community, with addi�onal Get Vocal sessions being delivered in more loca�ons, as well as a new football and physical ac�vity offer, across a host of loca�ons to support those that will benefit from regular, professional and well thought out provision, developed with the par�cipants needs at the forefront.
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BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
- Female Football – The Community intends to expand its support to Female Football. With the success of our FA Emerging Talent Centre, the Trust will take a leading role in suppor�ng the grassroots and Ladies set up at BFC Girls and Ladies, to develop opportuni�es for all girls and ladies to play football at recrea�onal level, grassroots compe��ve opportuni�es and rise towards the higher standards of the game, including our Ladies first team and ETC.
FINANCIAL REVIEW
On behalf of the Board of Trustees, I would also wish to report an overall surplus for the year of £70,834 (2022: £40,719), of which £82,644 (2022: £29,269) arose from Unrestricted Funds and a £11,810 deficit (2022: £11,450) from Restricted Funds.
Principal Funding Sources
The principal funding sources for the charity are currently by way of grant and contract income. There are different funding sources for the charity’s projects including the Football League, the Premier League, Blackpool Council and other local authori�es and educa�on bodies.
To assist in the process of raising funds, the Trust has engaged third party external consultants who are used to iden�fy funds appropriate to the projects that are ongoing and that we require funding for. They then work with the Trust to write the applica�on as well as provide necessary informa�on to be included in the submission for funds. This consultancy body does not represent the Trust, this is always done by the Chief Execu�ve Officer or other senior staff as appropriate.
There is no third-party fundraising scheme that is followed by the Trust or the consultants, however, we do have a detailed fundraising policy which is available to all staff, which includes safeguarding processes of vulnerable and other members of society. The fundraising process is monitored by way of a discussion with the consultancy firm on a fortnightly basis to ensure that progress is monitored. No complaints have been made in rela�on to fundraising work undertaken.
15
BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Reserves Policy
a sustainable level of funds to cover movements in periodic cash flows. Reserves will be funded with surplus unrestricted funds. The Trust’s reserves are intended to provide an internal source of funds for situa�ons, such as, a sudden increase in expenses, one-�me unbudgeted expenses, unan�cipated loss in funding, or uninsured losses. Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing funding gap. If reserves are used, they are to be replenished within a reasonably short period of �me.
The target minimum reserve fund is equal to three to six months, at the current �me, of average expenditure. This calcula�on of average monthly opera�ng costs includes all recurring, predictable expenses, such as salaries and benefits, occupancy, offices, travel, and ongoing professional services. Deprecia�on, in kind, and other non-cash expenses are not included in this calcula�on. The year-end balance on unrestricted reserves was £1,268,135 of which £239,009 is held in tangible fixed assets and a further £70,350 is designated for specific projects in 2023-24, (see Note 14) leaving a net balance held in ‘free’ reserves of £958,776. Based on projected expenditure for the 2023-24 financial year (excluding that on the designated projects) this equates to 5.1 months of average expenditure.
Going Concern
following 12 months the Trustees expect Blackpool F.C. Community Trust to con�nue to remain a going concern for the foreseeable future and have, therefore, adopted the going concern basis in the prepara�on
16
BLACKPOOL F.C. COMMUNITY TRUST TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) FOR THE YEAR ENDED 31st AUGUST 2023
Trustees’ Responsibili�es Statement
The trustees, who are also directors for the purpose of company law, are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce).
of the state of affairs of the charitable company and of the incoming resources and applica�on of resources, including the income and expenditure, of the charitable company for that year:
-
select suitable accoun�ng policies and apply them consistently;
-
observe the methods and principles in the Chari�es SORP;
-
make judgements and es�mates that are reasonable and prudent;
-
state whether applicable UK accoun�ng standards have been followed subject to any material departures disclosed and explained in the financial statements;
-
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charity will con�nue in opera�on.
The trustees are responsible for keeping proper accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charity and to enable them to 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 preven�on and detec�on of fraud and other irregulari�es.
included on the charitable company’s website. Legisla�on in the United Kingdom governing the prepara�on and dissemina�on of financial statements may differ from legisla�on in other jurisdic�ons.
In accordance with company law, in so far as the trustees are aware:
-
there is no relevant audit informa�on of which the company’s auditor is unaware; and
-
the trustees have taken all necessary steps that they ought to have taken in order to make themselves aware of any relevant audit informa�on and to establish that the charity’s auditor is aware of that informa�on.
Auditor
A resolu�on will be proposed at the Annual General Mee�ng that Azets Audit Services be re-appointed as auditor to the charity for the ensuing year.
Approved and signed on behalf of the board of trustees:
On behalf of the board
W Swi� (Chair of Trustees) Date: 29 April 2024
17
BLACKPOOL F.C. COMMUNITY TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31st AUGUST 2023
Opinion
We have audited the accounts of Blackpool F.C. Community Trust (the ‘charity’) for the year ended 31 August 2023 which comprise the Statement of Financial Ac�vi�es, the Balance Sheet, the Statement of Cash Flows and the notes to the accounts, including a summary of significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is applicable law and United Kingdom Accoun�ng Standards, including Financial Repor�ng Standard 102 The Financial Repor�ng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accoun�ng Prac�ce).
In our opinion, the accounts:
-
incoming resources and applica�on of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accoun�ng Prac�ce; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs(UK)) and applicable law. Our responsibili�es under those standards are further described in the Auditor’s responsibili�es for the audit of the accounts sec�on of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions rela�ng to going concern
in the prepara�on of the accounts is appropriate.
condi�ons that, individually or collec�vely, may cast significant doubt on the charity’s ability to con�nue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibili�es and the responsibili�es of the trustees with respect to going concern are described in the relevant sec�ons of this report.
Other informa�on
The other informa�on comprises the informa�on included in the annual report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other informa�on. Our opinion on the accounts does not cover the other informa�on and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
18
BLACKPOOL F.C. COMMUNITY TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31st AUGUST 2023
In connec�on with our audit of the accounts, our responsibility is to read the other informa�on and, in doing so, consider whether the other informa�on is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other informa�on. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other ma�ers prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
-
the informa�on given in the Trustees’ Report, which includes the Directors’ Report prepared for the purposes of company law, for the financial year for which the accounts are prepared is consistent with the accounts; and
-
the Directors’ Report included within the Trustees’ Report has been prepared in accordance with applicable legal requirements.
Ma�ers on which we are required to report by excep�on
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not iden�fied material misstatements in the Directors’ Report included with the Trustees’ Report.
We have nothing to report in respect of the following ma�ers in rela�on to which the Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accoun�ng records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
-
the accounts are not in agreement with the accoun�ng records and returns; or
-
we have not received all the informa�on and explana�ons we require for our audit; or
-
the trustees were not en�tled to prepare the accounts in accordance with the small companies regime and take advantage of the small companies’ exemp�ons in preparing the Trustees’ Report and from the requirement to prepare a Strategic Report.
Responsibili�es of Trustees
As explained more fully in the Statement of Trustees’ Responsibili�es, the trustees, who are also directors of the charity for the purpose of company law, are responsible for the prepara�on of the accounts and for being sa�sfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the prepara�on of accounts that are free from material misstatement, whether due to fraud or error.
19
BLACKPOOL F.C. COMMUNITY TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31st AUGUST 2023
In preparing the accounts, the trustees are responsible for assessing the charity’s ability to con�nue as a going concern, disclosing, as applicable, ma�ers related to going concern and using the going concern basis of accoun�ng unless the trustees either intend to liquidate the company or cease opera�ons, or have no realis�c alterna�ve but to do so.
Our objec�ves are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.
A further descrip�on of our responsibili�es for the audit of the accounts is located on the Financial Repor�ng Council’s website at: h�p://www.frc.org.uk/auditorsresponsibili�es. This descrip�on forms part of our auditor’s report.
Extent to which the audit was considered capable of detec�ng irregulari�es, including fraud
Irregulari�es, including fraud, are instances of non-compliance with laws and regula�ons. We design procedures in line with our responsibili�es, outlined above and on the Financial Repor�ng Council’s website, to detect material misstatements in respect of irregulari�es, including fraud.
We obtain and update our understanding of the en�ty, its ac�vi�es, its control environment, and likely future developments, including in rela�on to the legal and regulatory framework applicable and how the en�ty is complying with that framework. Based on this understanding, we iden�fy and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes considera�on of the risk of acts by the en�ty that were contrary to applicable laws and regula�ons, including fraud. In response to the risk of irregulari�es and non-compliance with laws and regula�ons, including fraud, we designed procedures which included:
-
Enquiry of management and those charged with governance around actual and poten�al li�ga�on and claims as well as actual, suspected and alleged fraud;
-
Reviewing minutes of mee�ngs of those charged with governance;
-
Assessing the extent of compliance with the laws and regula�ons considered to have a direct material effect on the financial statements or the opera�ons of the en�ty through enquiry and inspec�on;
-
compliance with applicable laws and regula�ons;
-
Performing audit work over the risk of management bias and override of controls, including tes�ng of journal entries and other adjustments for appropriateness, evalua�ng the business ra�onale of significant transac�ons outside the normal course of business and reviewing accoun�ng es�mates for indicators of poten�al bias.
20
BLACKPOOL F.C. COMMUNITY TRUST INDEPENDENT AUDITORS REPORT FOR THE YEAR ENDED 31st AUGUST 2023
Because of the inherent limita�ons of an audit, there is a risk that we will not detect all irregulari�es, including those leading to a material misstatement in the financial statements or non-compliance with regula�on. This risk increases the more that compliance with a law or regula�on is removed from the events and transac�ons reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk of not detec�ng a material misstatement resul�ng from fraud is higher than for one resul�ng from error, as fraud may involve collusion, forgery, inten�onal omissions, misrepresenta�ons, or the override of internal control.
Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those ma�ers we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permi�ed by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Azets Audit Services Statutory Auditor PRESTON
Date: 2 May 2024
Azets Audit Services is eligible to act as an auditor in terms of sec�on 1212 of the Companies Act 2006.
21
BLACKPOOL F.C. COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31st AUGUST 2023
| Total | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | ||
| Note | 2023 | 2023 | 2023 | 2022 | |
| Income from: | £ | £ | £ | £ | |
| Dona�ons and grants | 2 | 1,985,736 | 728,376 | 2,714,112 | 2,501,382 |
| Other income | 3 | 39,067 | - | 39,067 | 1,021 |
| - | - | - | - | ||
| Total income | 2,024,803 | 728,376 | 2,753,179 | 2,502,403 | |
| - | - | - | - | ||
| Expenditure on: | |||||
| Charitable ac�vi�es | 4, 5 | 1,942,159 | 740,186 | 2,682,345 | 2,461,684 |
| Other expenditure | - | - | - | - | |
| - | - | - | - | ||
| Total expenditure | 1,942,159 | 740,186 | 2,682,345 | 2,461,684 | |
| - | - | - | - | ||
| Net income/(expenditure) and net | 82,644 | (11,810) | 70,834 | 40,719 | |
| movement in funds for the year | |||||
| Transfers between funds | - | - | - | - | |
| Net movement in funds | 82,644 | (11,810) | 70,834 | 40,719 | |
| Reconcilia�on of funds: | |||||
| Total funds brought forward | 1,185,491 | 328,579 | 1,514,070 | 1,473,351 | |
| - | - | - | - | ||
| Total funds carried forward | 1,268,135 | 316,769 | 1,584,904 | 1,514,070 | |
══════ |
══════ |
══════ |
══════ |
All income and expenditure derive from con�nuing ac�vi�es.
account with the Companies Act 2006.
The notes on pages 25 to 44 form part of these accounts
22
BLACKPOOL F.C. COMMUNITY TRUST BALANCE SHEET FOR THE YEAR ENDED 31st AUGUST 2023
| Note | 2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Tangible assets | 10 | 472,650 | 529,781 | ||
| Current Assets | |||||
| Debtors | 11 | 547,492 | 150,729 | ||
| Cash at bank and in hand | 920,283 | 1,050,415 | |||
| - | - | ||||
| Total Current Assets | 1,467,775 | 1,201,144 | |||
| Creditors:Amounts falling due within | |||||
| one year | 12 | (355,521) | (216,855) | ||
| - | - | ||||
| Net Current Assets | 1,112,254 | 984,289 | |||
| - | - | ||||
| Total assets less current liabili�es | 1,584,904 | 1,514,070 | |||
══════ |
══════ |
||||
| The funds of the charity | |||||
| Restricted funds | 14 | 316,769 | 328,579 | ||
| Unrestricted funds | 14 | 1,268,135 | 1,185,491 | ||
| - | - | ||||
| 1,584,904 | 1,514,070 | ||||
══════ |
══════ |
||||
| Approved by the Board of Trustees and signed on | its behalf by: |
W Swi� (Chair of Trustees) Date: 29 April 2024
23
BLACKPOOL F.C. COMMUNITY TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st AUGUST 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Net movement in funds – Page 22 | 70,834 | 40,719 |
| Adjustments for: | ||
| Depreciation charges | 40,391 | 40,768 |
| Loss on the sale of fixed assets | 16,739 | 900 |
| Decrease/(increase) in debtors | (396,762) | 158,977 |
| (Decrease)/increase in creditors | 138,666 | (56,811) |
| - | - | |
| Net cash provided by operating activities | (130,132) | 184,553 |
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══════ |
|
| 2023 | 2022 | |
| £ | £ | |
| Net cash provided by operating activities | (130,132) | 184,553 |
| Cash flows from investing activities | ||
| Purchase of fixed assets | (-) | (7,752) |
| - | - | |
| Net cash (used in) / provided by investing activities | (-) | (7,752) |
| | | |
| Change in cash and cash equivalents in the year | (130,132) | 176,801 |
| Cash and cash equivalents at the beginning of the year | 1,050,415 | 873,614 |
| - | - | |
| Cash and cash equivalents at the end of the year | 920,283 | 1,050,415 |
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24
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2023
1. ACCOUNTING POLICIES
Company informa�on
Wales and a registered charity in England and Wales. The address of the registered office is Blackpool Football Club, Seasiders Way, Bloomfield Road, Blackpool, FY1 6JJ, Lancashire.
Statement of compliance
applicable in the UK and the Republic of Ireland', the Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102) (Chari�es SORP (FRS 102)) and the Companies Act 2006.
Basis of prepara�on
Going concern
The trustees have assessed the future trading of Blackpool F.C. Community Trust. In support of this assessment the trustees have reviewed the following:
-
Income and expenditure forecasts
-
Future capital expenditure plans
Based upon these forecasts the trustees expect Blackpool F.C. Community Trust to con�nue to remain a going concern for the foreseeable future and have therefore adopted the going concern basis in the prepara�on of these financial statements. There are therefore no material uncertain�es about the charity's ability to con�nue as a going concern.
25
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
Fund accoun�ng
Unrestricted funds are available for use at the discre�on of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for par�cular future project or commitment.
Restricted funds are subjected to restric�ons on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
charity; it is probable that the economic benefits associated with the transac�on will flow to the charity and the amount can be reliably measured. The following specific policies are applied to par�cular categories of income:
-
Income from dona�ons or grants is recognised when there is evidence of en�tlement to the gi�, receipt is probable and its amount can be measured reliably.
-
Legacy income is recognised when receipt is probable and en�tlement is established.
-
Income from donated goods is measured at the fair value of the goods unless this is imprac�cal to measure reliably, in which case the value is derived from the cost to the donor or the es�mated resale value. Donated facili�es and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribu�on of general volunteers.
-
Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a par�cular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial ac�vi�es to which it relates:
-
Expenditure on raising funds includes the costs of all fundraising ac�vi�es, events, non-charitable trading ac�vi�es, and the sale of donated goods.
-
Expenditure on charitable ac�vi�es includes all costs incurred by a charity in undertaking ac�vi�es that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs rela�ng to the governance of the charity appor�oned to charitable ac�vi�es.
-
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable ac�vi�es.
26
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
a single ac�vity are allocated directly to that ac�vity. Shared costs are appor�oned between the ac�vi�es they contribute to on a reasonable, jus�fiable and consistent basis.
Tangible assets
Tangible assets are ini�ally recorded at cost, and subsequently stated at cost less any accumulated deprecia�on and impairment losses.
An increase in the carrying amount of an asset as a result of a revalua�on, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial ac�vi�es. A decrease in the carrying amount of an asset as a result of revalua�on, is recognised in other recognised gains and losses, except to which it offsets any previous revalua�on gain, in which case the loss is shown within other recognised gains and losses on the statement of
The capitalisa�on policy adopted by the charity is to capitalise items cos�ng over £1,000.
Deprecia�on
useful economic life of that asset as follows:
| Fixtures and Fi�ngs | - Straight line over 7 years |
|---|---|
| Motor vehicles | - Straight line over 5 years |
| IT Equipment | - Straight line over 3 years |
| Facility | - Straight line over the term of the lease |
A review for indicators of impairment is carried out at each repor�ng date, with the recoverable amount being es�mated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each repor�ng date.
For the purposes of impairment tes�ng, when it is not possible to es�mate the recoverable amount of an individual asset, an es�mate is made of the recoverable amount of the cash-genera�ng unit to which the asset belongs. The cash-genera�ng unit is the smallest iden�fiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
27
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
Limited by guarantee
In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Irrecoverable VAT
The charity is not registered for Value Added Tax and accordingly income and expenditure includes the irrecoverable Value Added Tax element where applicable.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and bank overdra�s. Overdra�s are shown within borrowings in current liabili�es.
Financial Instruments
accruals) of a kind that qualify as basic financial instruments. Basic financial instruments are ini�ally recognised at transac�on value and subsequently measured at their se�lement value.
Creditors and Provisions
Creditors and provisions are recognised where the charity has a present obliga�on resul�ng from a past event that will probably result in the transfer of funds to a third party and the amount due to se�le the obliga�on can be measured or es�mated reliably. Creditors and provisions are normally recognised at their se�lement amount a�er allowing for any trade discounts due.
Opera�ng Lease Agreements
with the lessor are charged as an expense in the SOFA on a straight line basis over the period of the lease.
Taxa�on
The company is a registered charity and as such is en�tled to tax exemp�ons on all its income and gains, properly applied for charitable purposes.
Pensions
pension charge represents the amounts payable by the charity to the fund in respect of the year.
28
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
| 2. | Income from dona�ons and grants - 2023 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Funds | funds | funds | ||
| £ | £ | £ | ||
| Ac�ve Through Football | - | 122,732 | 122,732 | |
| Tower Above | - | 61,259 | 61,259 | |
| Armed Forces Covenant Fund | - | 17,433 | 17,433 | |
| Blackpool Engaged | - | 28,000 | 28,000 | |
| Disability Sport | - | 30,475 | 30,475 | |
| Every Player Counts | - | 27,246 | 27,246 | |
| Veterans Founda�on | - | 12,500 | 12,500 | |
| Warm Up Hub | - | 13,316 | 13,316 | |
| Kicks | - | 125,000 | 125,000 | |
| Fit2Go | - | 34,175 | 34,175 | |
| Primary Stars | - | 100,000 | 100,000 | |
| Unstoppable | - | 25,000 | 25,000 | |
| Inspires | - | 50,000 | 50,000 | |
| FA Girls | - | 25,000 | 25,000 | |
| EFL Headstart | - | 4,906 | 4,906 | |
| Engage 4 Change | - | 6,250 | 6,250 | |
| Foodbank | - | 10,000 | 10,000 | |
| Pre Traineeship | - | 33,822 | 33,822 | |
| DoE Grant | - | 1,262 | 1,262 | |
| Wholly unrestricted ac�vi�es | 1,985,736 | - | 1,985,736 | |
| - | - | - | ||
| 1,985,736 | 728,376 | 2,714,112 | ||
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══════ |
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29
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
| 2. | Income from dona�ons and grants - 2022 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Armed Forces Covenant Fund Trust Funding | - | 27,232 | 27,232 | |
| Ac�ve Through Football | - | 64,325 | 64,324 | |
| Primary Stars | - | 100,000 | 100,000 | |
| Kicks | - | 105,000 | 105,000 | |
| Tower Above | - | 20,000 | 20,000 | |
| Changemakers | - | 3,000 | 3,000 | |
| Divert Youth | - | 10,000 | 10,000 | |
| EFL Training Ground | - | 21,000 | 21,000 | |
| Disability Sport | - | 27,246 | 27,246 | |
| Fit2Go | - | 33,000 | 33,000 | |
| Holiday Ac�vi�es & Food (HAF) | - | 359,052 | 359,052 | |
| Head Start Appren�ceships | - | 39,211 | 39,211 | |
| Be Internet Ci�zens Programme | - | 3,000 | 3,000 | |
| Inspires | - | 45,000 | 45,000 | |
| Kick Start Appren�ceships | - | 46,346 | 46,346 | |
| Veterans Founda�on | - | 7,500 | 7,500 | |
| Well Being Hubs | - | 5,000 | 5,000 | |
| Wholly unrestricted ac�vi�es | 1,585,470 | - | 1,585,470 | |
| - | - | - | ||
| 1,585,470 | 915,912 | 2,501,382 | ||
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══════ |
══════ |
||
| 3. | Other Income - 2023 | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Other income | 39,067 | - | 39,067 | |
| - | - | - | ||
| 39,067 | - | 39,067 | ||
══════ |
══════ |
══════ |
||
| Other Income - 2022 | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Other income | 1,021 | - | 1,021 | |
| - | - | - | ||
| 1,021 | - | 1,021 | ||
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══════ |
30
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
| 4. | Expenditure on charitable ac�vi�es by fund type - 2023 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Ac�ve Through Football | - | 114,409 | 114,409 | |
| Tower Above | - | 61,259 | 61,259 | |
| Armed Forces Covenant Fund | - | 30,623 | 30,623 | |
| Disability Sport | - | 4,825 | 4,825 | |
| Every Player Counts | - | 27,246 | 27,246 | |
| Veterans Founda�on | - | 5,000 | 5,000 | |
| Divert Youth | - | 4,744 | 4,744 | |
| Warm Up Hub | - | 13,316 | 13,316 | |
| Kicks | - | 125,000 | 125,000 | |
| Fit2Go | - | 34,175 | 34,175 | |
| Primary Stars | - | 100,000 | 100,000 | |
| Unstoppable | - | 25,000 | 25,000 | |
| Head Start Appren�ceships | - | 25,592 | 25,592 | |
| Christmas 2020 appeal | - | 22,962 | 22,962 | |
| Inspires | - | 50,000 | 50,000 | |
| FA Girls | - | 25,000 | 25,000 | |
| EFL Headstart | - | 4,906 | 4,906 | |
| Engage 4 Change | - | 6,250 | 6,250 | |
| Foodbank | - | 10,000 | 10,000 | |
| Pre Traineeship | - | 33,822 | 33,822 | |
| Department of Educa�on | - | 1,262 | 1,262 | |
| Restricted fxed assets | - | 14,795 | 14,795 | |
| Wholly unrestricted ac�vi�es | 1,942,159 | - | 1,942,159 | |
| - | - | - | ||
| 1,942,159 | 740,186 | 2,682,345 | ||
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══════ |
══════ |
31
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
| 4. | Expenditure on charitable ac�vi�es by fund type - 2022 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Funds | funds | funds | ||
| £ | £ | £ | ||
| Armed Forces Covenant Fund Trust Funding | - | 14,043 | 14,043 | |
| Ac�ve Through Football | - | 50,669 | 50,669 | |
| Primary Stars | - | 100,000 | 100,000 | |
| Kicks | - | 105,000 | 105,000 | |
| Tower Above | - | 20,000 | 20,000 | |
| Changemakers | - | 3,000 | 3,000 | |
| Children In Sport | - | 10,000 | 10,000 | |
| Christmas Appeal – 2020 | - | 21,178 | 21,178 | |
| Capital Grants | - | 14,553 | 14,553 | |
| Divert Youth | - | 5,256 | 5,256 | |
| EFL Training Ground | - | 21,000 | 21,000 | |
| Disability Sport | - | 27,246 | 27,246 | |
| Fit2Go | - | 33,000 | 33,000 | |
| Holiday Ac�vi�es & Food (HAF) | - | 359,052 | 359,052 | |
| Head Start Appren�ceships | - | 13,619 | 13,619 | |
| Be Internet Ci�zens Programme | - | 3,000 | 3,000 | |
| Inspires | - | 45,000 | 45,000 | |
| Kick Start Appren�ceships | - | 46,346 | 46,346 | |
| Veterans Founda�on | - | 7,500 | 7,500 | |
| Well Being Hubs | - | 5,000 | 5,000 | |
| Wholly unrestricted ac�vi�es | 1,557,222 | - | 1,557,222 | |
| - | - | - | ||
| 1,557,222 | 904,462 | 2,461,684 | ||
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══════ |
══════ |
32
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
5. Cost of charitable ac�vi�es – 2023
5.
| st of charitable ac�vi�es – 2023 | |||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| £ | £ | £ | |
| Staf costs | 1,323,317 | 641,449 | 1,964,766 |
| Overheads | 134,356 | 30,624 | 164,980 |
| Premises Expenses | 187,134 | 7,000 | 194,134 |
| Residen�als, trips & events | 9,113 | 2,403 | 11,516 |
| Resources & other delivery costs | 139,529 | 37,724 | 177,253 |
| Staf related costs | 32,315 | 5,827 | 38,142 |
| Vehicle expenses | 2,461 | - | 2,461 |
| Ofce expenses | 19,698 | 364 | 20,062 |
| Deprecia�on | 25,596 | 14,795 | 40,391 |
| Outsourced services | 67,835 | - | 67,835 |
| Grants and dona�ons made | 805 | - | 805 |
| - | - | - | |
| 1,942,159 | 740,186 | 2,682,345 | |
══════ |
══════ |
══════ |
|
| st of charitable ac�vi�es – 2022 | |||
| Unrestricted | Restricted | Total | |
| Funds | funds | funds | |
| £ | £ | £ | |
| Staf costs | 1,070,727 | 785,420 | 1,856,147 |
| Overheads | 191,223 | 21,686 | 212,909 |
| Premises Expenses | 116,782 | 150 | 116,932 |
| Residen�als, trips & events | 9,541 | 21,037 | 30,578 |
| Resources & other delivery costs | 89,293 | 53,860 | 143,153 |
| Staf related costs | 41,804 | 7,756 | 49,560 |
| Vehicle expenses | 6,814 | - | 6,814 |
| Ofce expenses | 4,823 | - | 4,823 |
| Deprecia�on | 26,215 | 14,553 | 40,768 |
| - | - | - | |
| 1,557,222 | 904,462 | 2,461,684 | |
══════ |
══════ |
══════ |
Cost of charitable ac�vi�es – 2022
6. Taxa�on
Corpora�on Taxes Act 1988. Accordingly, there is no taxa�on charge in these financial statements.
33
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
7. Net income
Net income is stated a�er charging/(credi�ng):
| t income is stated a�er charging/(credi�ng): | ||
|---|---|---|
| 2023 | 2022 | |
| Total | Total | |
| £ | £ | |
| Deprecia�on of tangible fxed assets Fees payable for the audit of the fnancial statements |
41,244 10,000 |
40,768 10,000 |
══════ |
══════ |
8.
| 2023 | 2022 | |
|---|---|---|
| Total | Total | |
| £ | £ | |
| Wages and salaries | 1,791,776 | 1,691,983 |
| Social security costs | 140,451 | 135,497 |
| Pension costs | 32,539 | 28,667 |
| | | |
| Net staf costs | 1,964,766 | 1,856,147 |
══════ |
══════ |
The average head count of employees during the year was 90 (2022: 86). The average number of employees during the year is analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| Total | Total | |
| Number of administra�ve staf | 4 | 7 |
| Number of management staf | 6 | 6 |
| Number of delivery staf | 80 | 73 |
| | | |
| 90 | 86 | |
══════ |
══════ |
The number of employees whose remunera�on for the year fell within the following bands, were:
| 2023 | 2022 | ||
|---|---|---|---|
| Total | Total | ||
| £70,000 | to £79,999 | 1 | 1 |
| | | ||
| 1 | 1 | ||
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══════ |
34
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, direc�ng, and controlling the ac�vi�es of the charity. The total compensa�on including salary, pension and employers na�onal insurance paid to key management personnel for services provided to the charity was £348,703 (2022: £306,177).
9. Trustee Remunera�on and Expenses and Related Party Transac�ons
No trustees received any remunera�on or reimbursement of expenditure during the year or the previous year.
During the year £155,314 (2022: £139,963) was charged by The Blackpool Football Club Limited for facility charges and other costs and £61,482 (2022: £2,027) by Blackpool Football Club Hotel Ltd for meals provided to scheme par�cipants.
In addi�on, £23,214 (2022: £150) was charged by the Charity to Blackpool Football Club Ltd for venue hire and scheme par�cipa�on costs.
Trustees Mr B Mansford, Mr B Gerrity and Mr M McGhee were directors of The Blackpool Football Club Limited. and Trustee Mr B Mansford was a director of Blackpool Football Club Hotel Ltd, during the year ending 31[st] August 2023 Trustee Mrs C Singleton is the sister of the owner of The Blackpool Football Club Limited, Mr S Sadler.
serviced accommoda�on:
-
is provided rent free, but there is an annual service charge of £8,000 plus VAT payable for cleaning, maintenance, and other services. The agreement also contains provision for the recharge of addi�onal services including heat and light. Charges totalling £14,309 were made during the year, (2022. Nil).
-
Space used for the Educa�on & Community Centre under the term of a 25-year agreement dated 10 May 2019.This accommoda�on is provided rent free, but there is an annual service charge of £8,000 plus VAT payable for cleaning, maintenance and other services. The agreement also contains provision for the recharge of addi�onal services including heat and light. Charges totalling £18,607 were made during the year, (2022 £15,192).
-
Space used for the BFC School. This is subject of a 10-year agreement which at the date of signing these accounts was in the final stages of nego�a�on. The space has been occupied since September 2020 with an annual rental of £54,000 plus VAT. The agreement also contains provision for the recharge of addi�onal services including heat and light. Charges totalling £34,365 were made during the year (2022 £28,058).
35
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
During the year dona�ons and grants totalling £791,537 (2022: £807,608) were received from Blackpool Council. In addi�on £14,972 (2022: Nil) was charged by Blackpool Council for scheme delivery costs (2022 £9,977), and £24,319 (2022 (£11,803) for business rates. Trustee N Jack is the Chief Execu�ve Officer of Blackpool Council.
In 2022 Blackpool F.C. Community Trust invoiced £132,960 for services provided to schools which are part of Fylde Coast Academy Trust. Trustee Mr C Lickiss (who resigned on 7th July 2022) was the Execu�ve Head Teacher of Fylde Coast Academy Trust during that period.
During the year the Blackpool FC Community Trust invoiced £33,800 (2022 £28,000) to Unity Academy. CEO Mr A Hacke� is a member of the governing board of Unity Academy.
No other trustees or other person related to the charity had any personal interest in any contract or transac�on entered into by the charity during the year (2022: £Nil).
10. Tangible Fixed Assets
| Fixtures | ||||
|---|---|---|---|---|
| and | Motor | |||
| Equipment | Facili�es | Vehicles | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 September 2022 | 93,590 | 563,560 | 28,200 | 685,350 |
| Addi�ons | - | - | - | - |
| Disposals | (68,179) | (18,834) | - | (87,013) |
| Transfer | - | - | - | - |
| - | - | - | - | |
| At 31 August 2023 | 25,411 | 544,726 | 28,200 | 598,337 |
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══════ |
══════ |
══════ |
|
| Deprecia�on | ||||
| At 1 September 2022 | 74,590 | 67,060 | 13,919 | 155,569 |
| Charge for the year | 4,846 | 30,905 | 4,640 | 40,391 |
| On disposals | (68,179) | (2,095) | - | (70,274) |
| - | - | - | - | |
| At 31 August 2023 | 11,257 | 95,870 | 18,559 | 125,687 |
══════ |
══════ |
══════ |
══════ |
|
| Net Book Value | ||||
| At 31 August 2023 | 14,154 | 448,856 | 9,641 | 472,650 |
══════ |
══════ |
══════ |
══════ |
|
| At 31 August 2022 | 19,000 | 496,500 | 14,281 | 529,781 |
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══════ |
══════ |
══════ |
36
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
| 11. | Debtors | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | 373,059 | 25,640 | |
| Prepayments and accrued income | 174,118 | 125,089 | |
| Other debtors | 315 | - | |
| - | - | ||
| 547,492 | 150,729 | ||
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══════ |
||
| 12. | Creditors – amounts falling due within one year | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade creditors | 65,276 | 42,471 | |
| Accruals and deferred income | 193,728 | 87,711 | |
| Social security and other taxes | 45,887 | 38,687 | |
| Kickstart – DWP | 44,730 | 47,986 | |
| Other creditors | 5,900 | - | |
| - | - | ||
| 355,521 | 216,855 | ||
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══════ |
||
| 13. | Deferred income | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Opening balance | - | 10,620 | |
| Amount released to income resources | - | (10,620) | |
| Amount deferred in year | 5,000 | - | |
| - | - | ||
| Closing balance | 5,000 | - | |
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══════ |
37
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 1 | At 31 | |||
| September | August | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 1,185,491 | 2,024,803 | (1,942,159) | 1,268,135 |
| - | - | - | - | |
| At 1 | At 31 | |||
| September | August | |||
| 2021 | Income | Expenditure | 2022 | |
| £ | £ | £ | £ | |
| General funds | 1,156,222 | 1,586,491 | (1,557,222) | 1,185,491 |
| - | - | - | - |
Included within the unrestricted funds of £1,268,135 are sums amoun�ng to £70,350 (2022: £183,170) which the trustees have allocated to a number of projects which are ongoing at the yearend as follows:
-
Disability Sport - £5,350 to support addi�onal work to be developed to support a community based provision for young people with disabili�es in winter 2023.
-
management provision, despite the current funding stream ending, to allow us to find a new source of funding, whilst maintaining a level of consistency to support our community.
-
Warm Hubs - £35,000 to be allocated from funds to deliver addi�onal provision, to support families suffering from the Cost of Living Crisis.
38
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
14. Analysis of charitable funds (con�nued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At 1 | At 31 | ||||
| September | August | ||||
| 2022 | Income | Expenditure | Transfer | 2023 | |
| £ | £ | £ | £ | £ | |
| Restricted fxed assets | 248,436 | - | (14,795) | - | 233,641 |
| Ac�ve Through Football | 13,656 | 122,732 | (114,410) | - | 21,978 |
| Tower Above | - | 61,259 | (61,259) | - | - |
| Armed Forces Covenant Fund | 13,189 | 17,433 | (30,622) | - | - |
| Blackpool Engaged | - | 28,000 | - | - | 28,000 |
| Disability Sport | - | 30,475 | (4,825) | - | 25,650 |
| Every Player Counts | - | 27,246 | (27,246) | - | - |
| Veterans Founda�on | - | 12,500 | (5,000) | - | 7,500 |
| Divert Youth | 4,744 | - | (4,744) | - | - |
| Warm Up Hub | - | 13,316 | (13,316) | - | - |
| Kicks | - | 125,000 | (125,000) | - | - |
| Fit2Go | - | 34,175 | (34,175) | - | - |
| Primary Stars | - | 100,000 | (100,000) | - | - |
| Unstoppable | - | 25,000 | (25,000) | - | - |
| Inspires | - | 50,000 | (50,000) | - | - |
| Head Start Appren�ceships | 25,592 | - | (25,592) | - | - |
| Christmas 2020 appeal | 22,962 | - | (22,962) | - | - |
| FA Girls | - | 25,000 | (25,000) | - | - |
| EFL Headstart | - | 4,906 | (4,906) | - | - |
| Engage 4 Change | - | 6,250 | (6,250) | - | - |
| Foodbank | - | 10,000 | (10,000) | - | - |
| Pre Traineeship | - | 33,822 | (33,822) | - | - |
| Department of Educa�on | - | 1,262 | (1,262) | - | - |
| - | - | - | | - | |
| 328,579 | 728,376 | (740,186) | - | 316,769 | |
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══════ |
══════ |
═════ |
══════ |
39
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
14. Analysis of charitable funds (con�nued)
Included in restricted funds carried forward are the following balances. Further detail is provided regarding both restricted and unrestricted income within the Trustees’ Report.
Restricted Fixed Assets - £233,641
cost of fixed assets purchased. This sum comprised £264,036 towards the cost of the facility, £20,250 towards the cost of a minibus and £8,000 towards equipment. These sums being wri�en off over the period of use of the related assets.
Ac�ve Through Football - £21,978
The project targets working-age adults who live or work in the Park Ward and Central West corridor, to become more ac�ve through football, with its primary focus being improved physical and mental health and wellbeing.
Blackpool Engaged - £28,000
During the year, the charity received funding to deliver a programme of social and physical ac�vity that improves mental health and social inclusion for adults aged 50+.
Disability Sport - £25,650
Funds were received from the following:
-
Sport England - £9,650 – These funds were provided to help target adults aged 18 and over with physical learning and mental disabili�es to par�cipate in sport and physical ac�vi�es.
-
Hargreaves Founda�on - £16,000 – Funding provided to help give residents the opportunity to combine sport and physical ac�vity with long term support to combat diverse issue. Funds provided for staff costs and equipment.
Veterans Founda�on - £7,500
support groups and physical and social ac�vi�es.
40
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
14. Analysis of charitable funds (con�nued)
Restricted funds
| At | 1 | At 31 | ||||
|---|---|---|---|---|---|---|
| September | August | |||||
| 2021 | Income | Expenditure | Transfer | 2022 | ||
| £ | £ | £ | £ | £ | ||
| Restricted fxed assets | 262,989 | - | (14,553) | - | 248,436 | |
| Armed Forces Covenant Fund | - | 27,232 | (14,043) | - | 13,189 | |
| Ac�ve Through Football | - | 64,325 | (50,669) | - | 13,656 | |
| Primary Stars | - | 100,000 | (100,000) | - | - | |
| Kicks | - | 105,000 | (105,000) | - | - | |
| Tower Above | - | 20,000 | (20,000) | - | - | |
| Changemakers | - | 3,000 | (3,000) | - | - | |
| Children In Sport | 10,000 | - | (10,000) | - | - | |
| Christmas Appeal – 2020 | 44,140 | - | (21,178) | - | 22,962 | |
| Divert Youth (Games Room) | - | 10,000 | (5,256) | - | 4,744 | |
| EFL Training Ground | - | 21,000 | (21,000) | - | - | |
| Disability Sport | - | 27,246 | (27,246) | - | - | |
| Fit2Go | - | 33,000 | (33,000) | - | - | |
| Holiday Ac�vity & Food (HAF) | - | 359,052 | (359,052) | - | - | |
| Head Start Appren�ceships | - | 39,211 | (13,619) | - | 25,592 | |
| High School Hubs | - | 3,000 | (3,000) | - | - | |
| Inspires | - | 45,000 | (45,000) | - | - | |
| Kick Start Appren�ceships | - | 46,346 | (46,346) | - | - | |
| Veterans Founda�on | - | 7,500 | (7,500) | |||
| Well Being Hubs | - | 5,000 | (5,000) | - | - | |
| - | - | - | - | - | ||
| 317,129 | 915,912 | (904,462) | - | 328,579 | ||
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══════ |
══════ |
══════ |
══════ |
41
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
14. Analysis of charitable funds (con�nued)
Included in restricted funds carried forward are the following balances. Further detail is provided regarding both restricted and unrestricted income within the Trustees’ Report.
Restricted Fixed Assets - £248,436
cost of fixed assets purchased. This sum comprised £264,036 towards the cost of the facility, £20,250 towards the cost of a minibus and £8,000 towards equipment. These sums being wri�en off over the period of use of the related assets.
Armed Forces Covenant Fund - £13,189
This project provides the opportunity for serving personnel, families, veterans and families of veterans, to meet up and rediscover the unique camaraderie of serving personal. This is done through the provision of coffee mornings, breakfast clubs, walking and running football, and the opportunity to represent Blackpool FC in veterans’ compe��ons.
Ac�ve Through Football - £13,656
This project targets targe�ng working-age adults who live or work in the Park Ward and Central West corridor, to become more ac�ve through football, with its primary focus being improved physical and mental health and wellbeing.
Christmas Appeal - £22,962
This project involves suppor�ng local primary school children at risk of not receiving a gi� on Christmas morning.
Divert Youth (Games Room) - £4,744
This project is to provide a safe space for the Divert Youth scheme par�cipants.
Head Start Appren�ceships - £25,592
Government funded Head Start Appren�ceship scheme.
42
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
16. Analysis of net assets between funds
| nalysis of net assets between funds | |||
|---|---|---|---|
| Unrestricted | Restricted | Total funds | |
| funds | funds | 2023 | |
| £ | £ | £ | |
| Unrestricted: | |||
| Tangible fxed assets | 239,009 | 233,641 | 472,650 |
| Current assets | 1,384,647 | 83,128 | 1,467,775 |
| Creditors less than 1 year | (355,521) | - | (355,521) |
| - | - | - | |
| Net assets | 1,268,135 | 316,769 | 1,584,904 |
══════ |
══════ |
══════ |
|
| Unrestricted | Restricted | Total funds | |
| Funds | funds | 2022 | |
| £ | £ | £ | |
| Unrestricted: | |||
| Tangible fxed assets | 281,345 | 248,436 | 529,781 |
| Current assets | 1,121,001 | 80,143 | 1,201,144 |
| Creditors less than 1 year | (216,855) | - | (216,855) |
| - | - | - | |
| Net assets | 1,185,491 | 328,579 | 1,514,070 |
══════ |
══════ |
══════ |
17. Agent costs
During the year, the charity has acted as an agent for the Kickstart scheme.
This involved receiving money from the DWP and distribu�ng it out to employers who were eligible for the scheme. The amount of income and expenditure is as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Brought forward | 47,986 | - |
| Received | 3,663 | 405,455 |
| Paid out | (6,919) | (357,469) |
| - | - | |
| Held by the agent | 44,730 | 47,986 |
══════ |
══════ |
43
BLACKPOOL F.C. COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31st AUGUST 2023
18. Opera�ng leases
At the repor�ng end date, the charity had outstanding commitments for future minimum lease payments under non-cancellable opera�ng leases, which fall due as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Within one year | 19,200 | 19,200 |
| Between two and fve years | 76,800 | 76,800 |
| In over fve years | 289,368 | 309,600 |
| - | - | |
| 385,368 | 405,600 | |
══════ |
══════ |
19. Financial guarantees
At the year end, the fixed assets had a carrying value of £233,641 (2022: £248,436). The legal charge is for a period of 21 years from 16 October 2019 and relates to grant funding received of £286,390.
44