2022-08-31-accounts - Cardiff City FC Community Foundation

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		Page
Report ofthe Trustees		1 to 9
Report ofthe Independent Auditors		10to 13
Statement of Financial Activities		14
Balance Sheet		15to 16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements		19to 31
Detailed Statement of Financial	Activities	32 to 33

							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	E		E	E
INCOME
Charitable	activities				218,222	1,320,810	1,539,032	1,330,730
Fundraising	activities,
donations	K generating		funds		221,948		221,948	213,921
Total					440,170	1,320,810	1,760,980	1,544,650
EXPENDITURE
Charitable	activities				263,573	1,226,191	1,489,764	1,228,712
Fundraising	activities				23,526		23,526	50,378
Support costs					209,206		209,206	138,017
Total					496,305	1,226,191	1,722,496	1,477, 'I 07
NET INCOME/(EXPENDITURE)					(56,135)	94,619	38,484	67,544
Transfers	between	funds		12	36,962	(36,962)
Net movement in funds					(19,173)	57,657	38,484	67,544
RECONCILIATION		OF FUNDS
Total funds brought			forward		891,455	13,862	905,317	837,773
TOTAL FUNDS CARRIED FORWARD					872,282	71,519	943,801	905,317

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E	E	E	E
FIXED ASSETS
Tangible assets				110,318		110,318	43,562
CURRENT ASSETS
Debtors				42,165		42,165	84,949
Cash at bank and		in hand		959,846	216,963	1,176,809	1,146,247
				1,002,011	216,963	1,218,974	1,231,196
CREDITORS
Amounts falling due within one year			10	(240,047)	(145,444)	(385,491)	(350,088)
NET CURRENT	ASSETS/(LIABILITIES)			761,964	71,519	833,483	881,108
TOTAL ASSETS LESS CURRENT				872,282	71,519	943,801	924,670
L IABIL ITIES
CREDITORS
Amounts falling due after more than one			11				(19,353)
year
NET ASSETS				872,282	71,519	943,801	905,317
FUNDS			12
Unrestricted funds
General	fund					722,282	741,455
Designated		fund				150,000	150,000
Restricted funds						71,519	13,862
TOTAL FUNDS						943,801	905,317

					2022	2021
				Notes	E	E
Cash flows from operating		activities:
Cash generated from operations					126,272	(151,425)
Net cash	provided by (used in) operating
activities					126,272	(151,425)
Cash flows from investing		activities:
Purchase	of tangible fixed assets				(95,710)	~10,695)
Net cash	provided by (used in) investing
activities					(95,710)	(10,695)
Cash flows from investing		activities:
New loans	in the year					19,353
Net cash	provided by (used in) investing
activities						19,353
Change in cash and cash equivalents			in the
reporting	period				30,562	(142,767)
Cash and	cash equivalents	at the beginning
of the reporting period					1,146,247	1,289,014
Cash and	cash equivalents	at the end	ofthe
reporting	period				1,176,809	1,146,247

RECONCILIATION	OF	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)	TO NET CASH FLOW FROM	OPERATING
ACTIVITIES
					2022	2021
					E	E
Net income/(expenditure) for the			reporting	period (as	per the
statement of financial		activities)			38,484	67,544
Adjustments for:
Depreciation charges					28,954	18,417
Loss on disposal of	fixed assets
(Increase)/decrease	in	debtors			42,784	(12,836)
Increase/(decrease)	in	creditors			16,050	(224,550)
Net cash provided	by	operating	activities		126,272	~151,425)

ANALYSIS OF C	HAN	GES IN NET FUNDS
			At1/9/21	Cash flow	At 31/8/22
			E	E	F
Net cash
Cash at bank and	in hand		1,146,247	30,562	1,176,809
Cash at bank and	in hand		1,146,247	30,562	1,176,809
Debt
Debts falling due	within	1 year		(19,353)	(19,353)
Debts falling due	after	1 year	(19,353)	19,353
Total			1,126,894	30,562	1,157,456

INCOME FROM CHARIT	ABLE ACTIVITIES
	Unrestricted	Restricted	2022	2021
	Fund	Fund
	E	f
Grants				59,306
Core	100,875		100,875	100,000
Education		865,176	865,176	762,668
Community	117,347	455,634	572,981	408,756
	218,222	1,320,810	1,539,032	1,330,730

INCOMING	FUNDS
	2022	2021
	E	E
Donations	221,948	213,921

Included within donations	Included within donations	is f200,000 from Cardiff City	Football club (2021	Football club (2021	- f200,000).
EXPENDITURE
Charitable	activities	Unrestricted	Restricted		2022	2021
		Fund	Fund
		f	E
Core		263,573			263,573	156,947
Education			776,489		776,489	719,960
Community			449,702		449,702	4'I 1,805
		263,573	1,226,191	1,489,764		1,288,712
Fundraising	activities

2022	2021
E	E
23,526	50,378

EXPENDITURE - continued
Support costs
	2022	2021
	E	E
Core	37,013	16,809
Education	109,042	77,105
Community	63,151	44,103
	209,206	138,017

TAFF	COSTS
		2022	2021
		F	E
Wages	and salaries	964,559	937,470
Social Other	security costs pension costs	76,702 25,344	68,007 27,319
		1,066,605	1,032,794

			2022	2021
F60,001	-	270,000	1	1

Key management personnel Total costs paid out by the Charity	in relation	to key management personnel	to key management personnel	totalled f185,021 for the	totalled f185,021 for the
year (2021 —2141,587).
2021 COMPARATIVES FOR THE	STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted		Tota I
		funds		funds	funds
		E		E	E
INCOME FROM
Income from charitable activities		176,353		1,154,377	1,330,730
Incoming fundraising activities,
donations 8 generating funds		213,921			213,921
Total		390,274		1,154,377	1,544,651
EXPENDITURE
Expenditure on charitable activities		218,707		1,070,005	1,288,712
Fundraising activities		50,378			50,378
Other administrative costs		138,017			138,0'I 7
Total		407,102		1,070,005	1,477,107
NET INCOME/(EXPENDITURE)		(16,828)		84,372	67,544
Transfers between funds		84,551		(84,551)
Net movement in funds		67,723		(179)	67,544
RECONCILIATION OF FUNDS
Total funds brought forward		823,732		14,041	837,773
TOTAL FUNDS CARRIED FORWARD		891,455		13,862	905,317

GIBLE FIXEDA	SSETS
		Improvements
		to	Plant and	Motor	Computer
		property	machinery	vehicles	equipment	Totals
		E	E	E	E	E
COST
At 1 September	2021		19,179	24,000	99,444	142,623
Additions		84,299	534		10,877	95,710
At 31 August 2022		84,299	19,713	24,000	110,321	238,333
DEPRECIATION
At 1 September	2021		14,231	20,797	64,033	99,061
Charge for year		8,025	1,303	801	18,825	28,954
At 31 August 2022		8,025	15,534	21,598	82,858	128,015
NET BOOK VALUE
At 31 August 2022		76,274	4,179	2,402	27,463	110,318
At 31 August 2021			4,948	3,203	35,411	43,562

DEBTORS:A	MOUNTS F	ALLING DUE WITHIN ONE YEAR
			2022	2021
				E
Trade debtors			24,021	52,149
Accrued income			9,867	12,950
Prepayments			8,277	19,850
			42,165	84,949
CREDITORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2022	2021
			E	E
Trade creditors			48,639	27,349
Social security	and other	taxes	22,280	17,498
WCVA loan			19,353
Other creditors			21,242	4,198
Accruals			52,529	57,954
Deferred income			221,448	243,089
			385,491	350,088

Deferred	income relates to income received	income relates to income received	of project delivery	of project delivery	and the
movement	is as follows:-
			2022		2021
			E		E
Deferred	income at beginning	of period	243,089		482,452
Resources deferred in the year			1,294,450		772,050
Amounts	released in the year		(1,316,091)	(1,011,413)
			221,448		243,089

CREDI	TORS: AMOUNTS FALLING DUE AF	TER MORE THAN ONE YEAR
		2022	2021
		E	E
WCVA	loan		19,353
			19,353

MOVEMENT IN FUN	DS
				Net	Transfers
				movement	between
			At 1/9/21	in funds	funds	At 31/8/22
			E	E	E	E
Unrestricted funds
General fund			741,455	(56,135)	36,962	722,282
Designated fund			150,000			150,000
			891,455	(56,135)	36,962	872,282
Restricted funds
Education
PL Primary Stars				(2,852)	2,852
ACT Traineeship				(8,875)	8,875
PLPFA				(877)	877
PL Primary Stars	Innovation			7,459		7,459
CC Homework Club				31,253		31,253
PL Inspires				3,119		3,119
EFL Foundation Degree				28,252	(28,252)
Fitzalan High BTEC Level 2				3,197	(3,197)
CAVC BTEC Level 3				11,533	(11,533)
Hodge Foundation				1,115		1,115
WCVA Traineeship				7,225	(7,225)
Other education projects				5,362		5,362
Community
PL Kicks				149		149
Children In Need			39			39
Royal British Legion			1,039			1,039
Royal Army Covenant			595			595
PL Disability			1,803			1,803
Sol Foundation			390	26		416
British Lottery Fund			824			824
M K C Saatchi			1,837			1,837
PL Kicks Targeted			281	(922)	641
Joy of Moving WCVA - Bluebirds	Experience			554 1,743		554 1,743
HAU Third Sector	—Grange	Pavillion		13		13
Mental Health Foundation				1,557		1,557
WCVA —Volunteering				125		125
Other community	projects		7,054	5,463		12,517
			13,862	94,619	(36,962)	71,519
TOTAL FUNDS			905,317	69,737		943,801

Net movement in funds	, included	in the above ar	e as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	F	E
Unrestricted funds
General fund			440,170	(496,305)	(56,135)
Designated fund
Restricted funds
Education
PL Primary Stars			140,000	(142,852)	(2,852)
ACT Traineeship			96,511	(105,386)	(8,875)
PLPFA			77,783	(78,660)	(877)
PL Primary Stars	Innovation		44,352	(36,893)	7,459
CC Homework Club			35,060	(3,807)	31,253
PL Inspires			55,250	(52,131)	3,119
EFL Foundation Degree			64,633	(36,381)	28,252
Fitzalan High BTEC Level 2			38,817	(35,620)	3,197
CAVC BTEC Level 3			249,171	(237,638)	11,533
Hodge Foundation			15,000	(13,885)	1,115
WCVA Traineeship			18,444	(11,219)	7,225
Other education projects			27,146	(21,784)	5,362
Community
PL Kicks			200,227	(200,078)	149
Children In Need			40,098	(40,098)
Royal Army Covenant			38,314	(38,314)
Sol Foundation			32,196	(32,170)	26
PL Kicks Targeted			44,719	(45,641)	(922)
Joy of Moving WCVA —Bluebirds	Experience		12,466 38,000	(11,912) (36,257)	554 1,743
HAU Third Sector	- Grange	Pavillion	5,000	(4,987)	13
Mental Health Foundation			21,450	(19,893)	1,557
WCVA —Volunteering			16,403	(16,278)	125
Other community	projects		9,770	(4,307)	5,463
			1,32D, 08D	L1,226,191)	94,619
TOTAL FUNDS			1,76D,980	J1,722,496)	38,484

Comparatives for movement in f	unds
		Net	Transfers
		movement	between	At
	At 1/9/20	in funds	funds	31/8/21
	E	E	E	E
Unrestricted funds
General fund	673,732	(16,828)	84,551	741,455
Designated Fund	150,000			150,000
	823,732	(16,828)	84,551	891,455
Restricted funds
Education
ACT Traineeship		13,727	(13,727)
EFL Foundation Degree Fitzalan High BTEC Level 2		18,220 (2,120)	(18,220) 2,120
CAVC BTEC Level 3		54,724	(54,724)
Community Children In Need	39			39
Royal British Legion Royal Army Covenant PL Disability Sol Foundation	1,039 595 1,803 390			1,039 595 1,803 390
British Lottery Fund M 8 C Saatchi	824 1,837			824 1,837
PL Kicks Targeted The Princes Trust	281 7,233	~179)		281 7,054
	14,041	84,372	~84, 551	13,882
TOTAL FUNDS	837,773	67,544		905,317

Comparative net m	ovement in funds, incl	uded in the above are a	s follows:
		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted funds
General fund		390,273	(407,101)	(16,828)
Restricted funds
Education
PL Primary Stars		166,959	(166,959)
ACT Traineeship		158,373	(144,646)	13,727
PLPFA		85,071	(85,071)
CC Homework Club		22,151	(22,151)
PL Inspires		42,034	(42,034)
EFL Foundation Degree		51,205	(32,985)	18,220
Fitzalan High BTEC Level 2		32,362	(34,482)	(2,120)
CAVC BTEC Level	3	242,011	(187,287)	54,724
Community
PL Kicks		211,061	(211,061)
Children In Need		36,565	(36,565)
Royal Army Covenant		31,566	(31,566)
Sol Foundation		10,305	(10,305)
PL Kicks Targeted		33,926	(33,926)
Joy of Moving		14,700	(14,700)
WCVA —Bluebirds	Experience	2,958	(2,958)
The Princes Trust			(179)	(179)
Kicks Other		2,000	(2,000)
The Waterloo Foundation		4,166	(4,166)
EFL You V Train Healthy Hearts Fund		4,000 2,964	(4,000) ~2,964)
		1,154,377	~1,070,005)	84,372
TOTAL FUNDS		1,544,650	~1,477, 106)	67,544

									2022	2021
									E	E
INCOME
Income from		charitable		activities
Grants										59,304
Core									100,875	100,000
Education									865,178	762,668
Community									572,979	408,757
									1,539,032	1,330,729
Incoming	fundraising			activities,		donations	&generating	funds
Donations									221,948	213,921
Total incoming			resources						1,760,980	1,544,650
EXPENDITURE
Expenditure		on	charitable		activities
Core									263,573	156,947
Education									776,488	719,960
Community									449,703	411,805
									1,489,764	1,288,712
Expenditure		on	fundraising		activities
Fundraising	activities								23,526	50,378

			2022	2021
			E	E
Support costs
Rates and water			4,501	4,590
Insurance			7,423	8,058
Telephone			3,853	2,724
Postage and	stationery		264	2,431
Sundries			1,707	557
Vehicle hire,	motor,	travel 8 subsistence	2,499	2,512
Depreciation			12,097	4,292
Computer 8	website costs		43,818	47,864
Internal marketing		8 communications	20,579	20,569
Staff training	5 welfare		27,753	1,216
Rent			29„658	22,735
Auditors' remuneration			6,300	6,000
Professional	fees		48,754	14,469
			209,206	138,0'I 7
Total resources expended			1,722,496	1,477,107
Net income			38,484	67,544