2023-08-31-accounts - Wrexham AFC Foundation

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Registered Company number 06931786

Registered Charity number 1130924

Wrexham AFC Community Trust

Report and Accounts

31 August 2023

Wrexham AFC Community Trust Report and accounts Contents

	Page
Charitable Company information	1
Trustees' report	2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance sheet	5
Notes to the accounts	6

Wrexham AFC Community Trust Charitable Company Information

Trustees

JA Harris NMN Kelly H Ker JR Miller EG Powell DC Toner (appointed 24 July 2024)

Bankers

Santander UK plc Bridle Road Bootle L30 4GB

Registered office

The Racecourse Ground Mold Road Wrexham LL11 2AH

Registered number

06931786

Registered Charity number

1130924

Wrexham AFC Community Trust Registered Company number: 06931786 Trustees' Report

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the accounts of the charity for the period ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Objectives and aims

To introduce and enhance skills in football.

To increase participation in football and regular physical activity in line with the ambitions of Sports Wales and the Active Wrexham Strategy.

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

To use football and physical activity to improve educational attainment, self-confidence and community cohesion.

To utilse our professional sporting parent (Wrexham AFC) to encourage involvement in the Wrexham AFC Community Trust programmes.

To promote Wrexham AFC as a 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.

Trustees

The following persons served as trustees during the period:

JA Harris NMN Kelly H Ker JR Miller EG Powell

This report was approved by the board of trustees on 24 July 2024 and signed on its behalf.

DC Toner Trustee

Wrexham AFC Community Trust Independent Examiner's Report

Independent examiner's report to the trustees of Wrexham AFC Community Trust

I report to the charity on my examination of the accounts of Wrexham AFC Community Trust ("the Company") for the period ended 31 August 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements the Companies Act 2006 ("the 2006 Act").

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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 have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anthony Lewis FCCA ACA MD Coxey and Co. Limited

24 July 2024

Wrexham AFC Community Trust Statement of Financial Activities for the period from 1 July 2022 to 31 August 2023

Unrestricted
Restricted
Total
fund
fund
2023
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
48,260
48,260
Grants
2
46,538
46,538
Charitable activities
50,825
50,825
Total
99,085
46,538
145,623
EXPENDITURE ON
Administrative expenses
85,114
46,538
131,652
85,114
46,538
131,652
NET INCOME/(EXPENDITURE)
13,971
-
13,971
Funds brought forward
5,154
-
5,154
FUNDS CARRIED FORWARD
19,125
0
19,125

Total
2022
£
3,856
67,820
30,876
102,552
118,934
118,934
-16,382
21,536
5,154

Wrexham AFC Community Trust Registered Company number: 06931786 Balance Sheet as at 31 August 2023

Notes Fixed assets Tangible assets 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Funds Unrestricted funds Total Funds	2023 £ 8,714 12,357 (1,946) 10,411 19,125 19,125 19,125	2022 £ 1,066 6,138 (2,050) 4,088 5,154 5,154 5,154

The trustees are satisfied that the charitable company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The trustees and directors acknowledge their responsibilities for a) complying with the requirements of Sections 386 and 387 of the Companies Act 2006 with respect to accounting records and the preparation of accounts and b) preparing accounts 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 the accounts, so far as applicable to a charitable company.

The accounts have been prepared and delivered in accordance with the provisions applicable to charitable companies subject to the small companies regime.

DC Toner Trustee Approved by the board on 24 July 2024

Wrexham AFC Community Trust Notes to the Accounts for the period from 1 July 2022 to 31 August 2023

1 Accounting policies

Basis of preparation

The accounts of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 ) effective 1 January 2019)" and the Companies Act 2006. The accounts have been prepared under the historical cost convention.

Income

Income is recognised once the charity has entitlement to the funds, its is probable thast the income will be received and the amounts can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Office equipment 20% - 30% on cost Fixtures, fittings, tools and equipment 20% - 30% 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 of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Wrexham AFC Community Trust Notes to the Accounts for the period from 1 July 2022 to 31 August 2023

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Donations and legacies Grants received are as follows: The National League Trust The Football Foundation Premier League Charitable Trust Winter Wellbeing English Football League Trust 3 Employees Average number of persons employed by the company 4 Tangible fixed assets Office equipment £ Cost At 1 July 2022 4,531 Additions - At 31 August 2023 4,531 Depreciation At 1 July 2022 3,465 Charge for the period 266 At 31 August 2023 3,731 Net book value At 31 August 2023 800 At 30 June 2022 1,066 5 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors Accruals	2023 £ 21,600 24,500 438 46,100 2023 Number 7 Fixtures and fittings £ - 10,552 10,552 - 2,638 2,638 7,914 - 2023 £ 619 450 877 - 1,946	2022 £ 23,000 6,000 30,000 8,820 67,820 2022 Number 7 Total £ 4,531 10,552 15,083 3,465 2,904 6,369 8,714 1,066 2022 £ 619 450 980 1 2,050

Wrexham AFC Community Trust Notes to the Accounts for the period from 1 July 2022 to 31 August 2023

6 Trustees' remuneration, benefits and expenses

There were no trustees' remuneration, benefits or expenses paid in the period ended 31 August 2023 nor in the year ended 30 June 2022.

7 Controlling party

The charitable company is controlled by its trustees.

8 Other information

Wrexham AFC Community Trust is a private company limited by guarantee and incorporated in England and Wales. Its registered office is:

The Racecourse Ground

Mold Road

Wrexham

LL11 2AH