2022-06-30-accounts - Chesterfield F C Community Trust

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Reference and Admlnlstrathre Details ofthe Charity, its Trustees and Advisers
Trustees' Report	2-6
Independent Auditors' Report on the Financial Statements	7-10
Consolidated Statement ofFinancial Acthrtdes
Consolidated Balance Sheet	12-13
Charity Balance Sheet	14—15
Consolidated Statement ofCash Flows	16
Notes tothe Financial Statements	17-45

		CONSOLIDATED	CONSOLIDATED	BAEJtNCE SHEET
			AS AT 30	JUNE 2022
						2021
			Note
Fixed assets
Intangible assets			13	893,160		1,003,643
Tangible assets			14	13,7$8,$91		13,773,293
				14,892,141		14,776,936
Current assets
Stocks			16	66,921	36,447
Debtors			17	622,778
Cash at bank and in hand				632,413	762,436
				1,212,112	1,663,539
Creditors: amounts	falling due u1thin	one
year			18	(2,243,628)	(1,748,028)
Net current liabilities				(1,031,416)		(84,489)
Total assets less current llabl8ties				13,660,72$		14,692,447
Creditors: amounts	falling due after	more
than one year			19	(3,361,666)		(2,769,097)
Provisions, necrosis and deferred income			20, 21	(1,$66,614)		(2,006,683)
Total net assets						~~K

						2021f
Charity funds
Restricted funds				42,972
Unrestdcted funds
General funds		22	7,437,169		9,842,553
Revaluation reserve		22	312,787		312,787
Total unrestricted	funds			7,749,968		10,155,440
Total funds				7,792,928		10,155,408
Non~ntmlllng	interests			660,627		(239,741)

Cash flows from operating ackvltles
Net cash used in operating actlvies				25	(300,706)	(1,483,599)
Cash Rows from investing activities
Purchase of intangibkr assets - pkryer registrations					(482,600)	(10,001)
Purchase oftanglbkr fixed assets					(144,609)
Purchase ofsubskliary						(58,521)
Cash In subskllary at acquisition						147,577
Net cash (used in)lprovlded by Investing		acgvikes			(627,109)	79,055
Cash Rows from financing activities
Net cash proceeds from new borrowing					766,676	2,237,585
Repayments of borrowing					(64,876)	(31,769)
Interest paid					(12,808)	(34,025)
Net cash provided by Rnancing actvttles					687,781	2,171,791
Change In cash and cash equivalents	in	the year			(230,023)	767,247
Cash and cash equivalents at the beginning		ofthe year			762,436	(4,811)
Cash and cash equivalents at the end	of	the year		26	~~%~(t~k
The notes on pages 17to 45fern part ofthese Rnandal			statements

Income fnnn donsthns,	Income fnnn donsthns,	Income fnnn donsthns,	Income fnnn donsthns,
				Restricted	Unrestricted	Total
				funds	funds	funds
				2022	2022	2022
				8	8
Donations
Charitable	sponsorship		and donations		15,519	15,519
Donathn	Memorial	Garden			3,170	3,170
Grants
Revenue	grants			95,966		95,988
NLT grant	income			10,000		10,000
				Restricted	Unrestricted	Total
				funds	funds	funds
				2021	2021	2021
						6
Donathns
Chsritabh	sponsorship		and donations		7,611	7,611
Donsthn	Memorial	Garden			866	866
Donabon	ofdebenture		hans		10,S28,490	10,S28,490
Grants
Revenue	grants			104,956	8,308	113,2S4
NLT grant	Income			4,333		4,333

						Restricted	Unrestricted	Total
						funds	funds	funds
						2022 f	2022 6	2022 E
Income	from	training				316,748	346,269	663,017
Income	from	tivities	and	fund	raising	191,672	324,918	616,690
						Restricted	Unrestn'cted	Total
						funds	funds	funds
						2021	2021	2021f
Income	from	training				101,696	163,945	265,641
Income	from	activities	and	fund	raising		80,476	80,476

			Unrestricted	Total
			funds	funds
			2022	2022
			6	6
Income from tenants				94,667
CJRS grants			17,739	17,739
Emerging Tal8nts			172,189	172,189
Insurance daims			284,000	284,000
Interest received			16,488	16,486
Grant amortlsation			51,089	61,069
Lease premium	Income		5,600	6,800
		Restrfcted	Unnrstrfded	Total
		funds	funds	funds
		2021	2021	2021
		6	6
Income from tenants			31,811	31,811
CJRS grants			222,163	222,163
Emerging Talents		31,166	96,250	127,416
Insurance daims			130,000	130,000
Interest received			12,828	12,828
Grant amortisa6on			46,813	46,813
Lease premium	income		5,600	5,600
Loan waiver			237,500	237,500

		Unestticted	Total
		funds	funds
		2022	2022
		6	6
Gate and	season tickets	2,049,047	2,04$,047
TVand football awards		257,539	267,63$
Commercial income		1,311,932	1,311,932
Other income		309,489	30$,48$
Insurance	dabns receivable	589,565	689,665
		Un rsbfcfed	Total
		funds	funds
		2021	2021
Gate and	season tickets	176,793	176,793
TVand football awards		276,832	276,632
Commercial income		521,139	521,139
Other income		760,529	760,529
Insurance	daims receivable	862,000	862,000

	Restrict	Unrestricted
	funds	funds	Total
	2022	2022	2022
	6	E	E
Revenue grants	304,108	681,210	885,318
NLT grant Income	266,834	143,936	410,770
Income from actlvies and fund raising	1,440	122,476	123,916
	Restricted	Unrestnbted
	funds	funds	Total
	2021	2021	2021
Revenue Grants	130,720	762,232	892,952
NLT grant income	105,663	53,935	159,598
Income from activies and fund raising	4,800	126,587	131,387

				Total
				funds
				2022
				6
Staff sabrdes			3,077,899	3,077,899
Employers'	national	insurance	262,569	262,569
Employers'	pension	costs	75,505	76,505
Depreciation	and emortisation		580,624	680,624
Other administration		costs	1,972,683	1,972,683
Cost ofsales			531,208
			Unnrstnctsd	Total
			funds	funds
			2021f	2021
Staff salaries			1,752,141	1,752,141
Employers'	national	insurance	174,371	174,371
Empkryers'	perxdon	costs
Depredation	and amortlsston		112,633	112,633
Other administration		costs	1,S1S,720	1,S1S,720
Cost oftudes				35,706

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2022	2022	2022
				6
Revenue	grants	985,318		986,318
NLT grant	income	410,770		410,770
Income from activities and fund raising			123,916	123,916
		Activities
		undertaken		Total
		directly		funds
		2021		2021
				6
Revenue	grants	892,952		892,952
NLT grant	income	159,598		159,598
Income from activies and fund rahing			131,387	131,387

					2021f
Fees payabh	to the Group's auditor	for the audit ofthe Group's	annual
accounts				2$,000	23,000
Fees payable	to the Group's auditor	in respect of.
All non-audit	services not included above

			Group	Group	ChaKty	Charity
			2022	2021	2022	2021
			6	6	6
Wages and	salaries		3,463,981	2,416,476	386,084	664,335
Social security costs			339,209217,870		76,640	43,499
Contribution	to defined contdbution	penshn
schemes			91,990	69,520	16,485	10,243

Group	Group	Charity	Chan'ty
2022	2021	2022	2021
No.	No.	No.	No.

Group	Group
2022	2021
No.	No.

In the band E60,001 - F70,000
In the band E70,001 - E60,000
In the band E80,001 - E90,000
In the band E80,001 - E100,000
In the band E100,001 - E110,000
In ths band E110,001 - F120,000
In ths band E130,001 - F140,000
The majority ofthese are football-rskrted	empkryess.

	Pbryer
	registrations	Goodwill	Total
	6	6	6
At 1 July 2021	10,001	1,104,928	1,114,929
Additions	482,600		482,600
Disposals	(37,001)		(37,001)
At 30June 2022	466,600	1,104,928	1,660,428
Amortbration
At 1 July 2021	10,001	101,286	111~6
Charge for the year	482,600	110,493	692,993
At 30June 2022	466,600	211,778	667,278
Net book value
At 30June 2022
At 30June 2021

		Long-term
	Freehold	leasehold	Plant and	Motor	Fixtures
	property	property	machinery	vehicles	and flttlngs	Total
	6	6	6	6		6
Cost orvaluadon
At 1 July 2021	12,394,439	1417,278	368,189	13,076	282,674	14,276,666
Addldons		94,294	21,148	29,167		144,609
At 30June 2022	12,3$4,439	1,311,672	389,337	42,243	282,674	f4,420,286
Depreclatlon
At 1 July 2021	66,234	67,127	363,020	3~	3,713	602,363
Charge for the year	66,234	14,976	6,626	4476	27,$00	118,911
At 30June 2022	130,468	82,103	369,648	7,644	31,613	621474
Net book value
At 30June 2022	~~~~22~IE},~f91,~~99,~~5j,~gSQQj,
At 30June 202f	~g2R2K	~2!iuEj	~9~JRK		~B90j.ZuQ?9k

	Long4erm
	leasehold	Plant and
	property6	machinery	Total 6
Cost orvaluation
At 1 July 2021	1,704,891	383,700	2,068,6IH
Addigons	94,294	21,148	116,442
At 30June 2022	1,799,186	384,848	2,184,033
Depreciation
At 1 July 2021	66,000	362,122	418,122
Charge for the year	14,976	6,808	20,784
At 30June 2022	70,976	387,930	438,906
Net book value
At 30June 2022
At30June 2021

					Investments
					in
					subskllary
					companies
Charity					6
At 1 July 2021					176,902
Addifions					6,000,0M
At 30June 2022
Net book value
At 30June 2022					6,176,802
At30June 2021
In June 2022a debt for	equity transfer	wss compkrted	whereby shares were	hsued	by CFC 2001
Umited to Chesterfield	F.C.Community	Trust in exchange for the cancelkrtion		ofthe	kmg term ban.

The fofiowlng wss a sub	sidkuy undertaking	sidkuy undertaking	ofthe Charit	y:	y:
	Company		Regkrtered	office		Principal	Class of	Holding
	number					acUvity	shares
CFC2001 Limited	04273743		The Technique		Stadium,	Football	Ordinary	92%
			1868Sheffiekt		Road,	Chb
			Chesterfiekl,	Derbyshire,
			S41 8NZ
The financial results of	the subsidiary	for the year were:
			Income		Expenditure	Loss	for the
			6		6		year
							6
CFC 2001 Umlted			3,928,007		6~8,678	2,370,671		6,885,513

16.	Stocks
						Group	Gmup
						2022 f	2021 f
	Cub shop snd catering		stock
17.	Debtors
				Group	Gmup	Charity	Charity
				2022	2021	2022 6	2021 f
	Due within one year
	Trade debtors			106,648	77,213	66,243	61,510
	Amounts owed by group undetakings					1,076,728	5,820,959
	Other debtors			606,011	787,443	197,622	29,023
	Prepayments and accrued income			11419		11,21$
18.	Creditors: Amounts	falling due within one year
				Group	Gnup	Charity	Chenly
				2022f	2021	2022	2021
	Bank hans			73,484		63,638	49,842
	Other hans			101,066		101,066
	Trade creditors			596,966	178,184	se,ese	20,670
	Amounts owed to group		undsrtahngs			30,610	202,926
	Corporation tax			4,464
	Other taxation end social security			416,012	445,531	214,782	118,204
	Other creditors			846,722	992,542	9,873
	Accruals and deferred	Income		106,826	75,262	106,617	75,265


Creditors: Amounts	falling due after more than one year
	Group	Group	Charity	Charily
	2022 6	2021 6	2022 6	2021 f
Bank bans	486,089	538,179	486,089	538,179
Other hans	2,876,667	2,230,918	1,446,627	1,498,740

Statement	offunds - cunent	year
						Balance at
		Balance at 1			Transfers	30June
		July 2021f	Income 5	Expenditure 5	In/out K	2022 6
Un strlcted funds
General Funds - all funds		9,842,653	6,849,188	P474,859)	($7$,813)	7,437,169
Non-contro6ing interest		(239,741)		(189,546)	$79,813	660,527
Revaluation	reserve	312,787				312,787
		9,915,6$$	6,84$,188	P,484,404)		8,300,483
Restricted	funds
Restricted	Funds - all funds	968	614,386	(572,382)		42,872
		968	614,386	(672,382)		42,872

Statement		of	funds (continued)
Statement		of	funds - pdor year
				Balance af				Balance al
				1July			Transfers	30June
				2020	Income	Expenditure	inrouf	2021
Unrestricted		funds
General Funds			- all funds	204,761	14,269,954	(4,832,062)		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)
					242,151	(241,183)		968
Total offunds

Summary	offunds - cur	rent year
		Balance at				Balance at
		1July			Transfers	30June
		2021f	Income 5	Expenditure 5	In/out 5	2022 5
General funds		9,915,699	6,849,188	(7,484,404)		8,300,483
Restrhted	funds	968	614,386	(572,382)		42,972

Summary offunds (continued)
Summary offunds - prior year
	Salence at				Balance at
	1July			Transfers	30June
	2020	income 5	Expenditure	inrout	2021
General funds	517,548	14,269,954	(4,694,970)	(176,833)	9,915,699
Restricted funds		242,151	(241,183)

Analysh		ofnet asset	s between funds - current	year
				Restricted	Unmstricted	Total
				funds	funds	funds
				2022	2022	2022
				6	6	6
Tangibh	fixed assets				13,798,991	13,798,991
Intanglbh		fixed assets			893,150	8$3,150
Current assets				42,972	1,169,140	1,212,112
Creditors		due within one year			(2,243,528)	(2,243,62$)
Creditors		due in more	then one year		(3,361,656)	(3,361,656)
Provisions		for liabilities	and charges		(1,955,614)	(1,$66,614)
Total

Analysis	ofnet assets between funds (continued)
Analysis	ofnet assets between funds - prior year
		Resin'cled	UruestrtcM	Total
		funds	funds	funds
		2021	2021	2021
Tangible	fixed assets		13,773,293	13,773,293
Intangible	fixed assets		1,003,843	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 then one year		(2,769,097)	(2,769,097)
Provhions	for fiablfifies and charges		(2,006,683)	(2,006,683)
Total

Reconctfiadon ofnet movement	Reconctfiadon ofnet movement	Reconctfiadon ofnet movement	in funds to net cash flow fmm operating	acthrlties
				Group	Group
				2022	2021
					6
Net Income/expenditure for		the year (as per Statement ofFlnandal
Activities)
				(1,674,180)	9,575,952
Ad)ustments for.
Depredation charya				118,811	189,231
Amortisation charges				592,993	111,286
Loss on the sah offixed assets					3,925
Increase In stocks				(20,474)	(20,321)
~(increase)	In debtors			241,878	(277,675)
Increase/(decrease)	in creditors			373,974	(247,886)
Deamm in accruahr	snd deferred		income greater than one year	(61,069)	(46,813)
Interest paid				12,808	34,025
Deemed donafion - hans					(10,628,490)
Non-controfiing interest					(176,833)
Tax charge				4,464
Net cash used in operating		activities

under non-	cancellable operating leases as follow	s:
		Group	Group	Charity	Chan'ly
		2022 f	2021	2022	2021 f
Not later than 1 year			12,424		12,424
Later than	1 year snd not later than 5years	8,807	20,267	8,807	20,267
Later than	5years	1,628		1,628