2021-06-30-accounts - Chesterfield F C Community Trust

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			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-6
Independent	Auditors' Report	on the Financial Statements	7-10
Consolidated	Statement ofFinancial Activities
Consolidated	Balance Sheet		12-13
Charity Balance Sheet			14-15
Consolidated	Statement ofCash Flows		16
Notes to the	Financial Statements		17-40

REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS	REFERENCE AND ADMINISTRATIVE DETAILS	OF THE CHARITY, ITSTRUSTEES AND ADVISERS
		FOR THE YEAR	ENDED 30JUNE 2021
Trustees		MW Goodwin, Trustee
		PM Roberts, Trustee
		D Simmonds, Trustee
		ME Thacker, Trustee
		N Cluxton, Trustee (resigned 19November 2021)
		N Johnson, Trustee
		Dr P Stankard, Trustee
		J Cooper, Trustee
		W TWard, Trustee
Company	registered
number		06903318
Charity registered
number		1136235
Registered	office	The Hub, The Technique	Stadium
		Sheffield Road
		Chesterfield
		Derbys hire
		S41 8NZ
Company	secretary	Mr Peter Whiteley
Chief executive officer		Mr John Croot

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note
Income from:
Donations, grants and	legacies			109„289	10,645,275	10,754,564	156,807
Charitable activities				101,696	244,421	346,117	381,630
Other trading activities				31,166	782,965	814,131	214,547
income from non charitable		activities			2,597,293	2,597,293
Total income				242,151	14,269,954	14,512,105	752,984
Expenditure on:
Raising funds					368	368	640
Charitable activities				241,183	942,754	1,183,937	807,749
Other expenditure					3,751,848	3,751,848
Total expenditure				241,183	4,694,970	4„936,153	808,389
Net income/(expenditure)				968	9,574,984	9,575,952	(55,405)
Non-controlling interest	on acquisition		23		(176,833)	(176,833)
Net movement in funds				968	9,398,151	9,399,119	(55,405)
Reconciliation offunds:
Total funds brought forward					517,548	517,548	572,953
Net income attributable	to the parent
Charity				968	9,638,860	9,639,828	(55,405)
Net expenditure attributable		to non-
controlling interests					(62,908)	(62,908)
Non-controlling interest	on acquisition				(176,833)	(176,833)
Total funds carried forward				968	9,916,667	9,917,635	517,548

						2021		2020
				Note
Fixed assets
Intangible	assets			13		1,003,643
Tangible	assets			14		13,773,293		1,727,739
						14,776,936		1,727,739
Current	assets
Stocks				16	36,447
Debtors				17	864,656		125,667
Cash at bank and		in hand			762,436		1,969
					1,663,539		127,636
Creditors:	amounts	falling due within one
year				18	(1,748,028)		(162,636)
Net current liabilities						(84,4&9)		(35,000)
Total assets less		current liabilities				14,692,447		1,692,739
Creditors:	amounts	falling due after more
than one	year			19		(2,769,097)		(1,160,191)
Accruals	and deferred		income	20		(2,006,683)		(15,000)
Total net	assets					9,916,667		517,548

					2021		2020
			Note
Fixed assets
Tangible assets			14		1,650„469		1,727,739
Investments			15		175,902
					1,826,371		1,727,739
Current assets
Debtors			17	5,911,502		125,667
Cash at bank and	in hand			58,551		1,969
				5,970,053		127,636
Creditors: amounts		falling due within one
year			18	(466,907)		(162,636)
Net current assets		/ (liabilities)			5,503,146		(35,000)
Total assets less	current liabilities				7,329,517		1,692,739
Creditors: amounts		falling due after more
than one year					(2,036,919)		(1,160,191)
Provisions for liabilities					(15,000)		(15,000)
Total net assets					5,277,598		517,548

	Note	2021f	2020
Charity funds
Restricted funds	23	968
Unrestricted funds		5,276,630	517,548
Total funds		5,277,598	517,548

						2021	2020
					Note
Cash flows from operating		activities
Net cash (used in)/provided		by operating	activities		26	(1,483,599)	19,608
Cash flows from investing		activities
Purchase of intangible assets - player registrations						(10,001)
Purchase ofsubsidiary						(58,521)
Cash in subsidiary at acquisition						147,577
Net cash provided by investing activities						79,055
Cash flows from financing		activities
Net cash proceeds from new		borrowing				2,237,585	25,721
Repayments of borrowing						(31,769)
Interest paid						(34,025)	(42,295)
Net cash provided by/(used		in) financing		activities		2,171,791	(16,574)
Change in cash and cash	equivalents		in	the year		767,247	3,034
Cash and cash equivalents	at the beginning			ofthe year		(4,811)	(7,845)
Cash and cash equivalents		at the end	of	the year	27	762,436	(4,811)
The notes on pages 17to 40		form part of	these financial statements

iation is provided on	the following	basis:
Freehold property		2% straight	line
Long-term leasehold	property	10% straight	line
Plant and machinery		20% reducing	balance
Motor vehicles		25% reducing	balance
Fixtures and fittings		10% reducing	balance

				Restricted	Unrestricted	Total
				funds	funds	funds
				2021	2021	2021
Donations
Charitable	sponsorship		and donations		7,611	7,611
Donation	Memorial	Garden			866	866
Donation	ofdebenture		loans (see note 31j		10,628,490	10,628,490
Grants
Revenue	grants			104,956	8,308
NLT grant	income			4,333
				109,289	10,645,275	10,754,564
					Unrestricted	Totai
					funds	funds
					2020	2020
Donations
Charitable	sponsorship		and donations		9,018	9,018
Donation	Memorial	Garden			1,095	1,095
Grants
Revenue	grants				120,444	120,444
NLT grant	income				26,250	26,250
					156,807	156,807

						Restricted	Unrestricted	Total
						funds	funds	funds
						2021 f	2021	2021
Income	from	training				101,696	163,945	265,641
Income	from	activities	and	fund	raising		80,476	80,476
						101,696	244,421	346,117
							Unrestricted	Total
							funds	funds
							2020	2020
Income	from	training					181,222	181,222
Income	from	activities	and	fund	raising		200,408	200,408
							381,630	381,630

		Restricted	Unrestricted	Total
		funds	funds	funds
		2021 f	2021	2021
Income from tenants			31,811	31,811
CJRS grants			222,163	222,163
Emerging Talents		31,166	96,250	127,416
Insurance claims			130,000	130,000
Interest received			12,828	12,828
Grant amortisation			46,813	46,813
Lease premium	income		5,600	5,600
Loan waiver			237,500	237,500
		31,166	782,965	814,131
			Unrestricted	Total
			funds	funds
			2020	2020
Income from tenants			89,033	89,033
CJRS grants			103,059	103,059
Emerging Talents			22,455	22,455
			214,547	214,547

			Unrestricted	Total
			funds	funds
			2021	2021
Gate and	season tickets		176,793	176,793
TV and football awards			276,832	276,832
Commercial		income	521,139	521,139
Other income			760,529	760,529
Insurance	claims receivable		862,000	862,000
			2,597,293	2„597,293

		Restricted	Unrestricted	Total
		funds	funds	funds
		2021	2021	2021
		F
Revenue	grants	130,720	762,232	892,952
NLT grant	income	105,663	53,935	159,598
Income from activities and fund raising		4,800	126,587	131,387
		241,183	942,754	1,183,937

	Unrestricted	Total
	funds	funds
	2020	2020
Revenue Grants	574,755	574,755
NLT grant income	176,878	176,878
Income from activities and fund raising	56,116	56,116
	807,749	807,749

				Unrestricted	Total	Total
				funds	funds	funds
				2021f	2021	2020
Staff salaries				1,752,141	1,752,141
Employers'	national	insurance		174,371	174,371
Employers'	pension	costs		59,277	59,277
Depreciation	and amortisation			112,633	112,633
Other administration		costs		1,616,720	1,616,720
Cost ofsales				36,706	36,706
				3,751,848	3,751,848
Analysis ofexpenditure			by activities
				Activities
				undertaken	Support	Total
				directly	costs	funds
				2021	2021	2021
						F
Revenue grants				892,952		892,952
NLT grant income				159,598		159,598
Income from	activities and		fund raising		131,387	131,387
				1,052,550	131,387	1,183,937
				Activities
				undertaken	Support	Total
				directly	costs	funds
				2020	2020	2020
Revenue grants				574,755		574,755
NLT grant income				176,878		176,878
Income from	activities and		fund raising		56,116	56,116
				751,633	56,116	807,749

					2021f
Fees payable	to the Group's	auditor for the audit ofthe Group's		annual
accounts					23,000
Fees payable	to the Group's	auditor	in respect of:
All non-audit	services not included		above		19,500

				Group	Group	Charity	Charity
				2021	2020	2021	2020
				K		K
Wages and	salaries			2,419,220	366,3/7	667„079	366,317
Social security costs				217,870	27,511	43,499	27,511
Contribution	to defined	contribution	pension
schemes				69,520	7,971	10,243	7,971
				2,706,610	401,799	720,821	401,799

			Group	Group	Charity	Charity
			2021	2020	2021	2020
			No.	No.	No.	No.
Average	number	ofemployees	232	54	74	54

Group	Group
2021	2020
No.	No.

			Long-term
		Freehold	leasehold	Plant and	Motor	Fixtures
		property f	property	machinery	vehicles	and fi5ings F	Total
Cost or valuation
At 1 July 2020			1,704,891	363,700			2,068,591
On acquisition	of
subsidiaries		12,394,439	(487,613)	4,489	13,076	314,319	12,238,710
Disposals						(31,645)	(31,645)
At 30June 2021		12,394,439	1,217,278	368,189	13,076	282,674	14,275,656
Depreciation
At 1 July 2020				340,852			340,852
Charge for the	year	65,234	67,127	22,168	3,269	31,433	189,231
On disposals						(27,720)	(27,720)
At 30June 2021		65,234	67,127	363,020	3,269	3,713	502,363
Net book value
At 30June 2021		12,329,205	1,150,151	5,169	9,807	278,961	13,773,293
At 30June 2020			1,704,891	22,848			1,727,739

		Long-term
		leasehold	Plant and
		property	machinery	Total
			F
	Cost orvaluation
	At 1 July 2020	1,704,891	363,700	2,068,591
	At 30June 2021	1,704,891	363,700	2,068,591
	Depreciation
	At1 July2020		340,852	340,852
	Charge for the year	56,000	21,270	77,270
	At 30June 2021	56,000	362,122	418,122
	Net book value
	At 30June 2021	1,648,891	1,578	1,650,469
	At 30June 2020	1,704,891	22,848	1,727,739
15.	Fixed asset investments
				Investments
				in
				subsidiary
				companies
	Charity
	Cost or valuation
	Additions			175,902
	At 30June 2021			175,902
	Net book value
	At 30June 2021			175902

		Group	Group	Charity	Charity
		2021	2020	2021	2020
		F
Due within one year
Trade debtors		77,213	71,277	61,510	71,277
Amounts owed by group undertakings				5,820,969
Other debtors		7&7,443	30,390	29,023	30,390
Prepayments	and accrued income		24,000		24,000
		864,656	125,667	5,911,502	125,667

					Book value	Fair value
Fixed assets
Tangible					12,651,119	12,651,119
Intangible					77,000	77,000
					12,728,119	12,728,119
Current assets
Stocks					16,126	16,126
Debtors					461,314	461,314
Cash at bank and		in	hand		147,577	147,577
Total assets					13,353,136	13,353,136
Creditors
Due within one	year				(12,420,502)	(12,420,502)
Due after more	than		one year		(2,038,496)	(2,038,496)
Non-controlling	interest				176,836	176,836
Total identifiable		net liabilities			(929,026)	(929,026)
Goodwill						1,104,928
Total purchase	consideration					175,902
The results ofCFC		2001 Limited for the 11 months since acquisition			are as follows:
						Current
						period
						since
						acquisition
Revenue (excluding			insurance	proceeds)		1,735,292
Loss for the period		since acquisition				(393,400)

Statement	offunds - current	year
		Balance at				Balance at
		1July			Transfers	30June
		2020	Income	Expenditure	in/out	2021
			E
Unrestricted funds
General Funds - all funds		204,761	14,269,954	(4,632,062)		9,842,653
Non-controlling interest				(62,908)	(176,833)	(239,741)
Revaluation	reserve	312,787				312,787
		517,548	14,269,954	(4,694,970)	(176,833)	9,915,699
Restricted	funds
Restricted	Funds - all funds		242,151	(241,183)		968
Total offunds		517,548	14,512,105	(4,936,153)	(176,833)	9,916,667

Statement offunds (continued)	Statement offunds (continued)
Statement offunds - prior year
		Balance at			Balance at
		1July			30June
		2019	Income	Expendituref	2020
Unrestricted funds
General	Funds - all funds	572,953	752,984	(808,389)	517,548

Summary offunds - cu	rrent year
	Balance at				Balance at
	1 July			Transfers	30June
	2020f	Income f	Expenditure f	in/out f	2021 f
General funds	517,548	14,269,954	(4,694,970)	(176,833)	9,915,699
Restricted funds		242,151	(241,183)		968
	517,548	14,512,105	(4,936,153)	(176,833)	9,916,667

Balance at			Balance at
1July			30June
2019	Income	Expenditure	2020
572,953	752,984	(808,389)	517,548

Analysis	of net asset	s between funds -current year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
				F
Tangible	fixed assets			13,773,293	13,773,293
Intangible	fixed assets			1,003,643	1,003,643
Current assets			968	1,662,572	1,663,540
Creditors	due within one year			(1,748,029)	(1,748,029)
Creditors	due in more than one year			(2,769,097)	(2,769,097)
Provisions	for liabilities	and charges		(2,006,683)	(2,006,683)
Total			968	9,915,699	9,916,667
Analysis	of net assets between funds - prior year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2020	2020	2020
Tangible fixed assets				1,727,739	1,727,739
Current assets				127,636	127,636
Creditors	due within one year			(162,636)	(162,636)
Creditors	due in more than one year			(1,160,191)	(1,160,191)
Provisions	for liabilities	and charges		(15,000)	(15,000)
Total				517,548	517,548

						Group	Group
						2021f	2020
Net income/expenditure	for	the year (as per Statement			of Financial
Activities)						9,575,952	(55,405)
Adjustments for:
Depreciation charges						189,231	22,554
Amortisation charges						111,286
Loss on the sale offixed	assets					3,925
Increase in stocks						(20,321)
Increase in debtors						(277,675)	(24,097)
Decrease in creditors						(247,886)	34,261
Decrease in accruals and deferred			income greater than		one yeat	(46,813)
Interest paid						34,025	42,295
Deemed donation - loans						(10,628,490)
Non-controlling interest						(176,833)
Net cash (used in)/provided		by operating		activities		(1„483,599)	19,608

				Group	Group
				2021f	2020
Cash	in hand			762,436	1,969
Bank	overdraft	repayable	on demand		(6,780)
Total	cash and	cash equivalents		762,436	(4,811)

					At 1 July		At 30June
					2020	Cash flows	2021
							F
Cash	at bank and		in hand		1,969	760,467	762,436
Bank	overdraft	repayable		on demand	(6,780)	6,780
Debt	due within	1	year		(36,629)	(19,880)	(56,509)
Debt	due after	1 year			(1,160,191)	(1,608,906)	(2,769,097)
					(1,201,631)	(861,539)	(2,063,170)

			Group	Group	Charity	Charity
			2021f	2020	2021	2020
Not later than		1 year	12,424	11,100	12„424	11,100
Later than	1 year and not later than 5years		20,267	22,806	20,267	22,806
			32,691	33,906	32,691	33,906