2020-06-30-accounts - Wrexham AFC Foundation

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REGISTERED COMPANY NUMBER: 06931786 (England and Wales)
REGISTERED CHARITY NUMBER: 1130924

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS`

FOR THE YEAR ENDED 30TH JUNE 2020

`FOR`

THE RACECOURSE COMMUNITY FOUNDATION

THE RACECOURSE COMMUNITY FOUNDATION

`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2020`

		`Page`
`Report of the Trustees`	`1`	`to`	`4`
`Independent Examiner's Report`		`5`
`Statement of Financial Activities`		`6`
`Balance Sheet`		`7`
`Notes to the Financial Statements`	`8`	`to`	`13`
`Detailed Statement of Financial Activities`	`14`	`to`	`15`

THE RACECOURSE COMMUNITY FOUNDATION

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 30TH JUNE 2020`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended30thJune2020.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUK andRepublicofIreland(FRS 102)
(effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

To introduce and enhance skills in football.

ToincreaseparticipationinfootballandregularphysicalactivityinlinewiththeambitionsofSportsWalesand the
Active Wrexham Strategy.

To improve the physical literacy of young people and our other target groups.

To use football and physical activity to improve educational attainment, self confidence and community cohesion.
Toutiliseourprofessionalsportingparent(WrexhamFC)toencourageinvolvementintheRacecourse Community
Foundation programmes.

To promote Wrexham FC as a fans owned community football club to the people of North Wales.

To work in partnership with Glyndwr University, LEA, Coleg Cambria, Betsi Cadwalader University Health Trust.

To provide quality and enjoyable programmes, delivered in a safe and fit for purpose friendly environment.

Page 1

THE RACECOURSE COMMUNITY FOUNDATION

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`OBJECTIVES AND ACTIVITIES`

`Significant activities`

The RacecourseCommunityFoundationis responsiblefor the deliveryand developmentof a diverseset of projects and
programmesacrossNorthWales.Wehave,overthelast12months,beeninreceiptofanddeliveredthe Premier
LeaguePrimaryStarsgrant.Thisgrantallowedus to developanddelivera projectaimedat primaryschoolsto  enhance
literacy,numeracyandphysicalactivitystandards.The projectwas deliveredto over15 primaryschoolswitha number
of funfootballtournamentsalso takingplace.In partnershipwith the NationalLeagueTrustwe havealso runthe fourth
yearof a girl'sprogrammewithunder8s,10,12's,14'sand16'steamsin additionto ourWomen'steam.As partof this
project,wealsodelivered100hoursofgirlsonlyfootballto10HighSchoolsand100hoursofgirlsfootball taster
sessionsto25localprimaryschoolsacrossWrexhamandFlintshire.InpartnershipwiththeFootballAssociation of
Walesand as part of our aim to increasefemaleparticipation,we havealso run a projectto supportlocalclubsin  setting
up girl'sfootballteams.Thisyearhasalsoseenus continueto receivefundingto runtheCICSCymruProject.The aim
ofthisprojectistousethepoweroffootballtohelptacklecrimeandanti-socialbehaviourinareaswherethese issues
areprevalent.WedeliverfootballsessionsatminimumcostatourhubatYsgolMorganLlwyd,Wrexhamon a
Thursdayeveningforplayersagedbetween12-16,withtheaimbeingtooffertheprovisiontokeepthe individual
away from trouble and offer a cure for boredom.

We securedfundingto providea step intocoachingfor 10 youngpeoplefromdisadvantagedbackgroundsby providing
themwithaccesstotheFAWLeadersAwardcoachingqualificationalongwithfirstaidandchild safeguarding
qualifications.The participantswerethenmentoredby RCF staffto coachwithinthe RCF SoccerSchoolprogramme to
give them hands on experience and an opportunity to utilise their newly gained qualifications.

InpartnershipwiththeDisabilityLiaisonOfficeratWrexhamAFC,wehavecreatedanAutismFriendly football
sessionforchildrenagedbetween4-11.RCFstaffdeliverthissessionduringeveryschoolholidaytoautistic children
andtheirfamiliesthatallowsthemtotakepartinactivitiestogetherasafamilyandalsothefreedomto express
themselves without the pressure that a mainstream environment brings.

Wehavecontinuedtodevelopourcoreprogrammeswhichincludeeducationprojects(literacy,numeracyand healthy
livingthroughfootball),afterschoolfootballclubs,futsalandminifootballcentres,centresofdevelopment, mental
healthsessions,girlsonlyfootball,andsoccerschools.Thisyearwehaveexpandedourfemalesectiontoinclude a
girlsonlyturnupandplaysessionforhighschoolgirls,somethingthatisnotofferedanywhereelseinthe Wrexham
andsurroundingareas.Weaimtopromotehealthylivingthroughoutourcommunity,aswellaspromoting Wrexham
AFC. This can be seen in the numberof our participantsthat visit WrexhamAFC eitheras part of a groundtour project,
or to experience a match day activity at a first team game.

We havealso expandedour programmeto includea walkingfootballsessionfor peopleoverthe age of 40. This session
isdeliveredwiththeaimofprovidingasafeenvironmentforthosewhomaystrugglewithsocialisolation and/or
mentalhealthissuesandalsoforthosewhowanttokeepactive.Allparticipantsareofferedtoarriveearlyatthe RCF
classroom for a cup of tea and a chat before taking part in the physical activity.

We now havean increasedpoolof coachesand volunteersspanningacrossNorthWalesand are lookingto increase this
weekonweek.WeworkwithGlyndwrUniversityasapartnerinthisrecruitment,offeringstudentstheopportunity to
gainexperienceandalsoworkwithindividualstoupskillthemthroughtheircoachingqualifications. Glyndwr
Universitycurrentlyrunafootballspecificdegreeandweareabletoofferworkexperienceaspartofthiscourse. We
haverunworkshopsforlocalschoolstohighlighttheproblemofracisminsociety.Theshowracismthered card
projecthashelpedchildrenunderstandthedifficultiesthatariseincommunityareasandthesechildrenwillpass the
message on that any form of racism should not be tolerated.

We arenowworkingwitha numberof partnersto enableourdeliveryof projectsandprogrammes..We currently work
withtheFootballAssociationofWales,TheNationalLeagueTrust,ThePremierLeague,GlyndwrUniversity, Excell
supply,Wrexham,FlintshireandDenbighshirecountycouncilsandWrexhamAFCtoenableandenhance our
programme.

Page 2

THE RACECOURSE COMMUNITY FOUNDATION

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

TheRacecourseCommunityFoundationoverthepasttwelvemonthshastakengreatstridestoberegardingas a
leadingcommunityproviderinWrexhamandthroughoutNorthWalesandparticipationhasnowspreadtothree other
countiesduetoitssuccessinWrexhamandFlintshire.Wearecurrentlyworkingwithlocalschoolsand community
groups to help in their fund raising by helping out a school fayers and local fund-raising events.

Wedeliveranumberofprojectsandsessionstodisadvantagedindividualsandworkalongsideschoolstotarget those
withpooracademicattainmenttoensureeveryonegetsachancetobeapartofourprogram.Schoolscancometo our
bespokeclassroomtoreceiveadditionallessonsandagroundtour;thishasbeendoneforanumberofschoolsas an
alternative school trip for pupils who couldn't afford to go on residential school trips.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.

`Recruitment and appointment of new trustees`

Anytrusteeisinvitedtonominateapotentialnewtrusteethatispersonallyknowntoandrecommendedbythem. The
nominee must be accepted by the majority of existing trustees.

Thenominatedpersonmustbe a permittedpersonas definedbytheCharitiesAct andof relevantskillor knowledge to
thebenefitoftheRacecourseCommunityFoundation.Trusteesarepersonallyresponsibleforensuringtheirskills and
knowledgearemaintainedtoastandardwhichencompasseschangesinlegislationimpactingonthe operational
activities of the trust.

InaccordancewiththememorandumofassociationoftheRacecourseCommunityFoundation,GGJones,AJ Lewis
and E G Powell will retire at the forthcoming annual general meeting, and being eligible, will stand for re-election.

`Organisational structure`

Thetrusteeswhohaveservedduringtheyearandsincetheyearendaresetoutonpage1.Trusteesaresubscribers to
thememorandumofassociationandthetrusteesarelegallyresponsiblefortheoverallmanagementandcontrolof the
charity. They hold at least six ordinary meetings in each year.

`Induction and training of new trustees`

Onappointmentanewlyelectedtrusteemusthave,asaminimum,readandacceptedthememorandumof association
andarticlesofassociationoftheRacecourseCommunityFoundationandread,understoodandacceptedtheduties and
responsibilitiesof a trusteeas outlinedin the CharityCommissionsbookletsCC3- The essentialtrustee:whatyou need
to know, and CC3(a) - Responsibilities of charity trustees.

Newlyelectedtrusteesmustunderstandindetailtheethos,visionandobjectivesoftheRacecourse Community
Foundation.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Company number`

06931786 (England and Wales)

`Registered Charity number`

`Registered office`

The Racecourse Ground
Mold Road
Wrexham
Wales
LL11 2AH

Page 3

THE RACECOURSE COMMUNITY FOUNDATION

`REPORT OF THE TRUSTEES`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`Trustees`

J A Harris Area manager for leisure
G G Jones IT consultant
A J Lewis Accountant
S J Lloyd Psychiatric nurse (appointed 23.9.19)
J R Miller Local Government officer
E G Powell Director
R J Stock Teacher (appointed 19.8.19)
A Watkin Retired Local Government officer

`Bankers`

The Cooperative Bank
PO Box 250
Skelmersdale
LL11 2AH

Approved by order of the board of trustees on 15th November 2020 and signed on its behalf by:

G G Jones - Trustee

Page 4

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RACECOURSE COMMUNITY FOUNDATION`

`Independent examiner's report to the trustees of The Racecourse Community Foundation ('the Company')`

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2020.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andare eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I haveno concernsand havecomeacrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

A Bell
ACCA

15th November 2020

Page 5

`THE RACECOURSE COMMUNITY FOUNDATION`

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2020`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `14,416` `Charitable activities` `4` `Football activities` `32,452` `Other trading activities` `3` `2,502` `Total` `49,370` `EXPENDITURE ON` `Charitable activities` `Football activities` `40,714` `Other` `1,815` `Total` `42,529` `NET INCOME/(EXPENDITURE)` `6,841` `RECONCILIATION OF FUNDS` `Total funds brought forward` `12,230` `TOTAL FUNDS CARRIED FORWARD` `19,071`	`Restricted` `fund` `£` `78,550` `-` `-` `78,550` `66,738` `-` `66,738` `11,812` `2,928` `14,740`	`30.6.20` `Total` `funds` `£` `92,966` `32,452` `2,502` `127,920` `107,452` `1,815` `109,267` `18,653` `15,158` `33,811`	`30.6.19` `Total` `funds` `£` `57,111` `49,059` `8,331` `114,501` `122,199` `914` `123,113` `(8,612)` `23,770` `15,158`

The notes form part of these financial statements

Page 6

`THE RACECOURSE COMMUNITY FOUNDATION`

`BALANCE SHEET 30TH JUNE 2020`

					`30.6.20`	`30.6.19`
		`Unrestricted`	`Restricted`		`Total`	`Total`
		`fund`	`fund`		`funds`	`funds`
	`Notes`	`£`	`£`		`£`	`£`
`FIXED ASSETS`
`Tangible assets`	`9`	`243`		`-`	`243`	`347`
`CURRENT ASSETS`
`Debtors`	`10`	`-`	`5,688`		`5,688`	`-`
`Cash at bank`		`19,722`	`9,052`		`28,774`	`16,386`
		`19,722`	`14,740`		`34,462`	`16,386`
`CREDITORS`
`Amounts falling due within one year`	`11`	`(894)`		`-`	`(894)`	`(1,575)`
`NET CURRENT ASSETS`		`18,828`	`14,740`		`33,568`	`14,811`
`TOTAL ASSETS LESS CURRENT`
`LIABILITIES`		`19,071`	`14,740`		`33,811`	`15,158`
`NET ASSETS`		`19,071`	`14,740`		`33,811`	`15,158`
`FUNDS`	`12`
`Unrestricted funds`					`19,071`	`12,230`
`Restricted funds`					`14,740`	`2,928`
`TOTAL FUNDS`					`33,811`	`15,158`

Thecharitablecompanyis entitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 30th June 2020.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30th June 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon15thNovember2020 and
were signed on its behalf by:

A J Lewis - Trustee

The notes form part of these financial statements

Page 7

THE RACECOURSE COMMUNITY FOUNDATION

`NOTES TO THE FINANCIAL STATEMENTS`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and
hasbeenclassifiedunderheadingsthataggregateall costrelatedto thecategory.Wherecostscannotbe  directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.

`Tangible fixed assets`

Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.

Office equipment- 20% - 33% on cost

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

`Hire purchase and leasing commitments`

RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.

`Pension costs and other post-retirement benefits`

Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemeare chargedto the Statementof FinancialActivitiesin the periodto which
they relate.

continued...

Page 8

THE RACECOURSE COMMUNITY FOUNDATION

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2020`

`2.`	`DONATIONS AND LEGACIES`	`DONATIONS AND LEGACIES`
			`30.6.20`	`30.6.19`
			`£`	`£`
	`Donations`		`3,605`	`3,098`
	`Grants`		`89,361`	`54,013`
			`92,966`	`57,111`
	`Grants received, included in the above, are as follows:`
			`30.6.20`	`30.6.19`
			`£`	`£`
	`The National League`		`49,546`	`37,463`
	`Wrexham County Borough Council`		`5,000`	`-`
	`The Football Association of Wales`		`3,500`	`10,500`
	`The Football Foundation`		`450`	`1,050`
	`Santander`		`-`	`5,000`
	`Job Retention Scheme`		`19,219`	`-`
	`Community Chest`		`1,285`	`-`
	`Welsh Government Economic Fund`		`10,000`	`-`
	`Fare Network`		`361`	`-`
			`89,361`	`54,013`
`3.`	`OTHER TRADING ACTIVITIES`
			`30.6.20`	`30.6.19`
			`£`	`£`
	`Sponsorships`		`2,502`	`8,331`
`4.`	`INCOME FROM CHARITABLE ACTIVITIES`
			`30.6.20`	`30.6.19`
		`Activity`	`£`	`£`
	`Football sessions`	`Football activities`	`32,452`	`49,059`
`5.`	`NET INCOME/(EXPENDITURE)`
	`Net income/(expenditure) is stated after charging/(crediting):`
			`30.6.20`	`30.6.19`
			`£`	`£`
	`Depreciation - owned assets`		`104`	`293`
	`Hire of plant and machinery`		`12,308`	`14,887`

continued...

Page 9

THE RACECOURSE COMMUNITY FOUNDATION

FOR THE YEAR ENDED 30TH JUNE 2020

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`6. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationor otherbenefitsfortheyearended30thJune2020norfortheyear ended
30th June 2019.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 30th June 2020 nor for the year ended 30th June 2019.

`7. STAFF COSTS`

The average monthly number of employees during the year was as follows:

`8.`

`Trainers` `Management` `No employees received emoluments in excess of £60,000.` `COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES` `Unrestricted` `fund` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `3,098` `Charitable activities` `Football activities` `49,059` `Other trading activities` `8,331` `Total` `60,488` `EXPENDITURE ON` `Charitable activities` `Football activities` `50,521` `Other` `914` `Total` `51,435` `NET INCOME/(EXPENDITURE)` `9,053` `RECONCILIATION OF FUNDS` `Total funds brought forward` `3,177` `TOTAL FUNDS CARRIED FORWARD` `12,230`	`30.6.20` `4` `2` `6` `Restricted` `fund` `£` `54,013` `-` `-` `54,013` `71,678` `-` `71,678` `(17,665)` `20,593` `2,928`	`30.6.19` `6` `2` `8` `Total` `funds` `£` `57,111` `49,059` `8,331` `114,501` `122,199` `914` `123,113` `(8,612)` `23,770` `15,158`

continued...

Page 10

THE RACECOURSE COMMUNITY FOUNDATION

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`9. TANGIBLE FIXED ASSETS`

`9.`	`TANGIBLE FIXED ASSETS`
					`Office`
					`equipment`
					`£`
	`COST`
	`At 1st July 2019 and 30th June 2020`				`2,674`
	`DEPRECIATION`
	`At 1st July 2019`				`2,327`
	`Charge for year`				`104`
	`At 30th June 2020`				`2,431`
	`NET BOOK VALUE`
	`At 30th June 2020`				`243`
	`At 30th June 2019`				`347`
`10.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
				`30.6.20`	`30.6.19`
				`£`	`£`
	`Prepayments and accrued income`			`5,688`	`-`
`11.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
				`30.6.20`	`30.6.19`
				`£`	`£`
	`Social security and other taxes`			`444`	`1,125`
	`Accrued expenses`			`450`	`450`
				`894`	`1,575`
`12.`	`MOVEMENT IN FUNDS`
				`Net`
				`movement`	`At`
		`At`	`1.7.19`	`in funds`	`30.6.20`
			`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`12,230`		`6,841`	`19,071`
	`Restricted funds`
	`Restricted`		`2,928`	`11,812`	`14,740`
	`TOTAL FUNDS`	`15,158`		`18,653`	`33,811`

continued...

Page 11

THE RACECOURSE COMMUNITY FOUNDATION

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`12. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
49,370
Restricted funds
Restricted
78,550
TOTAL FUNDS
127,920
Comparatives for movement in funds
At 1.7.18
£
Unrestricted funds
General fund
3,177
Restricted funds
Restricted
20,593
TOTAL FUNDS
23,770
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
60,488
Restricted funds
Restricted
54,013
TOTAL FUNDS
114,501 Resources
Movement
expended
in funds
£
£
(42,529)
6,841
(66,738)
11,812
(109,267)
18,653
Net
movement
At
in funds
30.6.19
£
£
9,053
12,230
(17,665)
2,928
(8,612)
15,158
Resources
Movement
expended
in funds
£
£
(51,435)
9,053
(71,678)
(17,665)
(123,113)
(8,612)

continued...

Page 12

THE RACECOURSE COMMUNITY FOUNDATION

`NOTES TO THE FINANCIAL STATEMENTS - continued`

`FOR THE YEAR ENDED 30TH JUNE 2020`

`12. MOVEMENT IN FUNDS - continued`

A current year 12 months and prior year 12 months combined position is as follows:

		`Net`
		`movement`	`At`
	`At 1.7.18`	`in funds`	`30.6.20`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`3,177`	`15,894`	`19,071`
`Restricted funds`
`Restricted`	`20,593`	`(5,853)`	`14,740`
`TOTAL FUNDS`	`23,770`	`10,041`	`33,811`

A currentyear12 monthsandprioryear12 monthscombinednet movementin funds,includedin the above are
as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Restricted` `TOTAL FUNDS` `13.` `CAPITAL COMMITMENTS` `Contracted but not provided for in the financial statements`	`Incoming` `resources` `£` `109,858` `132,563` `242,421`	`Resources` `Movement` `expended` `in funds` `£` `£` `(93,964)` `15,894` `(138,416)` `(5,853)` `(232,380)` `10,041` `30.6.20` `30.6.19` `£` `£` `-` `-`	`Resources` `Movement` `expended` `in funds` `£` `£` `(93,964)` `15,894` `(138,416)` `(5,853)` `(232,380)` `10,041` `30.6.20` `30.6.19` `£` `£` `-` `-`
			`10,041`
			`30.6.19` `£` `-`

`14. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 30th June 2020.

Page 13

`THE RACECOURSE COMMUNITY FOUNDATION`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2020`

	`30.6.20`	`30.6.19`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`3,605`	`3,098`
`Grants`	`89,361`	`54,013`
	`92,966`	`57,111`
`Other trading activities`
`Sponsorships`	`2,502`	`8,331`
`Charitable activities`
`Football sessions`	`32,452`	`49,059`
`Total incoming resources`	`127,920`	`114,501`
`EXPENDITURE`
`Charitable activities`
`Trainer costs`	`79,429`	`87,051`
`Social security`	`2,666`	`2,804`
`Pensions`	`1,400`	`1,125`
`Hire of facilities`	`12,308`	`14,887`
`Travel costs`	`2,185`	`3,294`
`Catering costs`	`-`	`135`
`Professional fees`	`323`	`377`
`Equipment costs`	`-`	`1,115`
`Kit costs`	`7,806`	`8,820`
	`106,117`	`119,608`
`Support costs`
`Management`
`Insurance`	`1,058`	`1,058`
`Advertising`	`-`	`100`
`Sundries`	`288`	`159`
`Printing costs`	`422`	`761`
`Training costs`	`280`	`-`
`Computer costs`	`241`	`182`
`Depreciation - computer equipment`	`104`	`293`
	`2,393`	`2,553`
`Finance`
`Credit card fees`	`-`	`38`
`Payroll costs`	`294`	`464`
	`294`	`502`
`Governance costs`
`Accountancy`	`450`	`450`
`Legal fees`	`13`	`-`
	`463`	`450`

This page does not form part of the statutory financial statements

Page 14

THE RACECOURSE COMMUNITY FOUNDATION

`Total resources expended` `Net income/(expenditure)`	`DETAILED STATEMENT OF FINANCIAL ACTIVITIES` `FOR THE YEAR ENDED 30TH JUNE 2020` `30.6.20` `30.6.19` `£` `£` `109,267` `123,113` `18,653` `(8,612)`

This page does not form part of the statutory financial statements

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