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2025-06-30-accounts

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

REGISTERED COMPANY NUMBER: 06903318 (England and Wales) REGISTERED CHARITY NUMBER: 1136235

Report of the Trustees and

Financial Statements for the Year Ended 30 June 2025

for

Chesterfield F.C. Community Trust

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Contents of the Financial Statements for the Year Ended 30 June 2025

Page
Report of the Trustees 1 to 6
Report of the Independent Auditors 7 to 10
Statement of Financial Activities 11
Balance Sheet 12
Statement of Cash Flows 13
Notes to the Statement **of Cash Flows ** 14
Notes to the Financial Statements 15 to 28

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Report of the Trustees for the Year Ended 30 June 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. 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).

As the Company qualify as small under section 38 of the Companies Act 2006, the Strategic Report required of medium and large companies has not been prepared.

OBJECTIVES AND ACTIVITIES

Objectives and activities

The purpose of the Trust is captured in our Vision: to work in partnership with our communities to develop a wide range of opportunities which improve the quality of life and outlook for individuals, groups and neighbourhoods in Chesterfield and the surrounding area.

This vision is delivered by promoting community participation in sport, health, recreation and other leisure-time activities for those who have need of such facilities by reason of youth, age, infirmity or disability, poverty, or social and economic circumstances, and for the public at large in the interests of social welfare, with the object of improving conditions of life.

Delivery of these objectives is undertaken through the Trust's core departments: Activities and Sport, Education, and Health and Wellbeing. Facilities at the stadium, and particularly the HUB, continue to play a central role in enabling projects delivered directly by the Trust and in partnership with other organisations.

In accordance with the Charity Commission's guidance on public benefit, all projects have clear, identifiable outcomes that are beneficial and are open to the public generally, or to an appropriate section of the public.

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Report of the Trustees for the Year Ended 30 June 2025

OBJECTIVES AND ACTIVITIES Achievements and performance

During the year ended 2025, the Trust continued to experience growth across its activities and programmes.

Chester's Den once again saw strong participation, with over 14,000 entries (2024: 12,000 entries) during the year. Holiday Soccer Schools also recorded high attendance, alongside continued success of projects such as Camp Inspire and the Pan-Disability Clubs.

The young people's social prescribing programme, THR1VE, continued to expand during the year. The impact of this project has resulted in increased funding from local health trusts, enabling growth in staffing capacity and outcomes delivered. The programme has also attracted interest from a few health trusts nationally, seeking to explore similar models of delivery.

Camp Inspire, delivered as part of the Holiday Activities and Food Programme in partnership with Street Games, again received regional media attention. The project is recognised for its strong engagement with SEND children from deprived families. While financial pressures on the programme remain challenging, Trustees believe the outcomes achieved justify continued delivery. The Trust records its thanks to Camp Inspire staff and senior leadership team members who supported the project alongside their core roles.

The Youth Football Academy continued to grow and now supports more than 130 full-time students, both girls and boys, combining education with competitive football at a high level. A significant number of players represented Chesterfield FC at senior levels during the year, with several competing across steps 2 to 6 of the football pyramid. One player also achieved international recognition through selection for European Nations fixtures.

The junior academy now supports over 250 players across nine age groups, complementing the four senior age groups. The Trust remains responsible for the Football and Education programme, which continues to strengthen year on year.

The continued growth of Walking Football, both locally and nationally, resulted in increased participation from both male and female players. Chesterfield FC Community Trust remains recognised as the home of Walking Football, originally developed by Chief Executive Officer John Croot. The Trust played a pivotal role in hosting and delivering international Walking Football activity at the SMH Group Stadium, reinforcing its leadership position within the sport.

Through partnership working with the Police and Crime Commissioner, Chesterfield Borough Council, Derbyshire County Council, Blend Youth Project, community safety teams and Chesterfield Police, the Trust remained active in Queen's Park, West Bars and the Market Place to help address anti-social behaviour and criminal damage. The Boots on the Ground project continued to expand beyond Chesterfield, including further delivery in Buxton, demonstrating the positive impact of the model and its suitability for wider roll-out.

The Spireites "ABC" (Affected by Cancer) project continued to provide vital support to local people, alongside a range of projects supporting older adults through physical activity and social interaction. Programmes supporting individuals affected by mental health challenges and those recovering from addiction also continued. Demand for the Senior Spireites programme remained strong, resulting in the addition of a third weekly session.

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Chesterfield F.C. Community Trust

Report of the Trustees for the Year Ended 30 June 2025

OBJECTIVES AND ACTIVITIES Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis. Further details are included within the accounting policies.

b. Reserves policy

The Trustees' policy is to hold reserves equivalent to three months' expenditure plus one additional month of salary costs, which is around £600,000. At the year end, the Trust had total funds of £942,326 of which £25,699 is restricted. After deducting the net book value of tangible fixed assets and unlisted investments, free reserves are negative £833,989. Therefore, reserves remain below target and the Head of Finance and the Head of the Trust, in conjunction with the Trustees, continues to actively work towards strengthening the reserve position.

c. Principal risks and uncertainties, financial risk management, and funding

The Trust maintains a risk register that is reviewed regularly by both management and the Trustees. The key risks and corresponding mitigations are as follows:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution

Chesterfield FC Community Trust is a charitable company limited by guarantee, established by Trust Deed.

Election of Trustees

Trustees are elected and co-opted in accordance with the Trust Deed and are responsible for the overall management and strategic direction of the Charity.

Organisational structure and decision-making policies

The Board of Trustees meets at least bi-monthly and may establish sub-groups to oversee specific areas of activity. Senior officers are delegated authority for day-to-day management, with departmental heads operating within agreed budgets.

Policies adopted for the induction and training of new trustees

Trustee induction follows a formal protocol based on the Charity Commission's Trustee Welcome Pack.

Pay policy for key management personnel

A Remuneration Group, appointed by the Board, meets twice annually to review and recommend pay and management changes. The remuneration of the Chief Executive Officer and Chief Finance Officer is determined by the Board.

Related party relationships

The Trustees adhere to the Trust's Conflict of Interest Policy.

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Report of the Trustees for the Year Ended 30 June 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Financial risk management

Trustees regularly review operational and financial risks and are satisfied that appropriate systems and controls are in place.

Trustees’ indemnity

Trustee indemnity insurance is in place to a value of £1 million.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06903318 (England and Wales)

Registered Charity number

1136235

Registered office

The Hub, SMH Group Stadium Sheffield Road Whittington Moor Chesterfield Derbyshire S41 8NZ

Trustees

Ms J A Cooper Director M W Goodwin Retired N Johnson Sports Journalist P M Roberts Accountant (resigned 27/7/24) D Simmonds Retired Dr P C Stankard Consultant Psychiatrist M E Thacker Deputy Director (resigned 27/7/24) W T Ward Retired (resigned 21/3/25) P A Kirk Business Executive (appointed 1/10/24) (deceased 9/9/25) D McCardle (appointed 21/3/25) M Morris (appointed 21/3/25) Mrs M Starkie (appointed 21/3/25)

Company Secretary

P Whiteley

Auditors

PEM Audit Limited Registered Auditor Salisbury House Station Road Cambridge CB1 2LA

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Chesterfield F.C. Community Trust

Report of the Trustees for the Year Ended 30 June 2025

PLANS FOR FUTURE PERIODS

The Trust anticipates continued growth in both the scale and number of projects delivered during future years. While expansion is expected, Trustees remain committed to ensuring that service quality and impact are maintained.

Facility capacity remains a limiting factor. The planned development of the 3G pitch, expected to commence during the coming year, will be essential to support Football and Education programmes, Pan-Disability sport, Walking Football and wider community activity.

There remain significant opportunities to further support communities across Chesterfield and Derbyshire through continued involvement in the Holiday Activities and Food Programme. Partnership working with Street Games will continue to enable the replication of successful initiatives across neighbouring local authority areas.

The Trust continues to benefit from its close association with Chesterfield FC, with the Club's badge providing reach, goodwill and stability. The relationship remains positive, with ongoing support including discounted match tickets and collaborative projects. The Trustees record their thanks to Chesterfield FC for its continued support of the Trust's charitable work.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Chesterfield F.C. Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

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Chesterfield F.C. Community Trust

Report of the Trustees for the Year Ended 30 June 2025

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company 31 March 2026 directors, on ............................................. and signed on the board's behalf by:

........................................................................ M W Goodwin - Trustee

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Report of the Independent Auditors to the Members of Chesterfield F.C. Community Trust

Opinion

We have audited the financial statements of Chesterfield F.C. Community Trust (the 'charitable company') for the year ended 30 June 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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Report of the Independent Auditors to the Members of Chesterfield F.C. Community Trust

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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Report of the Independent Auditors to the Members of Chesterfield F.C. Community Trust

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

As a result of the above risk assessment procedures we identified the greatest risk of material misstatement on the financial statements arising from irregularities and fraud to be within the potential for management to override controls together with the risk of fraudulent revenue recognition. In response to these identified risks, we designed procedures which included, but were not limited to:

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In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non compliance. Auditing standards also limit the audit procedures required to identify non compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor’s Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor’s Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Hewett (Senior Statutory Auditor) for and on behalf of PEM Audit Limited Registered Auditor Salisbury House Station Road Cambridge CB1 2LA

31 March 2026

Date: .............................................

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Statement of Financial Activities for the Year Ended 30 June 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
87,952
Charitable activities 4
1,315,371
Other trading activities
3
8,330
Other income
250
Total
1,411,903
EXPENDITURE ON
Charitable activities 5
1,403,415
Impairment of shares in associated undertakings
109,332
Total
1,512,747
NET INCOME/(EXPENDITURE)
(100,844)
Transfers between funds
19
176,542
Net movement in funds
75,698
RECONCILIATION OF FUNDS
Total funds brought forward
840,929
TOTAL FUNDS CARRIED FORWARD
916,627		 Restricted
funds
£
750,073
-
-
-
750,073
629,557
-
629,557
120,516
(176,542)
(56,026)
81,725
25,699		 2025
Total
funds
£
838,025
1,315,371
8,330
250
2,161,976
2,032,972
109,332
2,142,304
19,672
-
19,672
922,654
942,326		 2024
Total
funds
£
728,883
1,190,810
7,127
632,748
2,559,568
2,138,775
4,893,066
7,031,841
(4,472,273)
-
(4,472,273)
5,394,927
922,654

The notes form part of these financial statements

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Balance Sheet
30 June 2025
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
1,602,811
Investments
12
173,504
1,776,315
CURRENT ASSETS
Debtors
13
63,387
Cash at bank and in hand
38,049
101,436
CREDITORS
Amounts falling due within one year
14
(535,565)
NET CURRENT (LIABILITIES)/ASSETS
(434,129)
TOTAL ASSETS LESS CURRENT LIABILITIES
1,342,186
CREDITORS
Amounts falling due after more than one year
15
(425,559)
PROVISIONS FOR LIABILITIES
18
-
NET ASSETS
916,627
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
25,699
-
25,699
-
25,699
25,699
-
-
25,699		 2025
Total
funds
£
1,602,811
173,504
1,776,315
89,086
38,049
127,135
(535,565)
(408,430)
1,367,885
(425,559)
-
942,326
916,627
25,699
942,326		 2024
Total
funds
£
1,579,199
282,836
1,862,035
89,014
2,340
91,354
(502,683)
(411,329)
1,450,706
(513,052)
(15,000)
922,654
840,929
81,725
922,654

The financial statements were approved by the Board of Trustees and authorised for issue on 31 March 2026 ............................................. and were signed on its behalf by:

............................................. M W Goodwin - Trustee

The notes form part of these financial statements

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Statement of Cash Flows
for the Year Ended 30 June 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
80,212
Net cash provided by operating activities
80,212
Cash flows from investing activities
Purchase of tangible fixed assets
(63,714)
Sale of fixed asset investments
109,332
Net cash provided by investing activities
45,618
Cash flows from financing activities
New loans in year
-
Loan repayments in year
(145,500)
Interest paid
42,261
New hire purchase
46,400
Hire purchase loan payments
(9,557)
Net cash used in financing activities
(66,396)
Change in cash and cash equivalents in the
reporting period
59,434
Cash and cash equivalents at the beginning
of the reporting period
2
(21,385)
Cash and cash equivalents at the end of
the reporting period
2
38,049		 2024
£
161,342
161,342
-
-
-
105,000
(380,102)
47,331
-
-
(227,771)
(66,429)
45,044
(21,385)

The notes form part of these financial statements

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Statement of Cash Flows for the Year Ended 30 June 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease/(Increase) in group debtors
Exceptional items
Impairment of shares
(Increase)/decrease in debtors
Increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents		 2025
2024
£
£
19,672
(4,472,273)
40,102
30,708
-
85,812
-
(498,740)
-
4,893,066
(72)
86,834
20,510
35,935
80,212
161,342
2025
2024
£
£
5,369
2,156
32,680
184
-
(23,725)
38,049
(21,385)

3. ANALYSIS OF CHANGES IN NET DEBT

At 1/7/24 Cash flow At 30/6/25
£ £ £
Net cash
Cash at bank and in hand 2,340 35,709 38,049
Bank overdraft (23,725) 23,725 -
(21,385) 59,434 38,049
Debt
Finance leases - (40,564) (40,564)
Debts falling due within 1 year (194,488) 53,437 (141,051)
Debts falling due after 1 year (435,101) 41,475 (393,626)
(629,589) 54,348 (575,241)
Total (650,974) 113,782 (537,192)

The notes form part of these financial statements

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Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements for the Year Ended 30 June 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Chesterfield F.C. Community Trust meets the definition of a public benefit entity under FRS 102.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount 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 cost 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property - Straight line over the remaining period
Leasehold improvements - 10% on cost
Motor vehicles - 20% on cost
Plant and machinery - 20% 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.

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 financial statements.

continued...

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Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

Critical Accounting Estimates and Areas of Judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trust makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. No estimates or assumptions are considered to have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Critical areas of judgement are used to determine the carrying value of the unlisted investments.

Investments

Investments are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in the statement of financial activities, except investments in unlisted entities whose fair values cannot be measured reliably which are measured at cost less impairment.

Going Concern

At the 30 June 2025 the Trust had net current liabilities of £408,430 (2024: £411,329). The Trustees have prepared cash flow forecasts to 31 March 2027, budgets to 30 June 2027 and they have also considered the trading period beyond this. The Trustees have stress-tested the forecasts, chiefly reflecting the possibility of annual funding not being renewed or unexpected increases in costs. In the instance of funding not being renewed, the Trust would review the associated costs for delivering the activities and their ongoing viability. In addition, the forecasts rely on the continuing support of short term loans provided by individuals which are expected to be renewed and rolled over as in previous years. Upon their review, the Trustees believe the Trust will have sufficient resources to meet its liabilities as they fall due for the foreseeable future and therefore continue to adopt the going concern basis in preparing the financial statements

Company Status

The company is a company limited by guarantee. The members of the company are the Trustees. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

continued...

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Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

2. DONATIONS AND LEGACIES

Donations
Grants
Donations Memorial Garden
Grants received, included in the above, are as follows:
Revenue grants
NLT grant income
3.
OTHER TRADING ACTIVITIES
Income from tenants
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Income from training
Charitable activities
Income from activities and
fund raising
Charitable activities
5.
EXPENDITURE
Activities undertaken directly
Support costs
Impairment of shares in group undertakings

continued...

Page 17

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2025 2024
£ £
Depreciation - owned assets 40,102 30,708

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.

8. STAFF COSTS

Wages and salaries
Social security costs
Contributions to defined contribution pension schemes		 2025
1,294,098
102,126
21,314
1,417,538		 2024
1,158,200
64,503
20,696
1,243,399

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

2025 2024
Average number of employees 110 120

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £80,001 - £90,000 1 -
In the band £90,001 – £100,00
-		 1

The total remuneration for key management personnel, including employer's national insurance amounted to £123,784 (£90,917 - 2024).

During the year total pensions of £2,782 (£2,064 - 2024) were payable to key management personnel.

continued...

Page 18

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
80,543
Charitable activities
Charitable activities
1,190,810
Other trading activities
7,127
Other income
632,748
Total
1,911,228
EXPENDITURE ON
Charitable activities
Activities undertaken directly
1,273,413
Support costs
253,881
Impairment of shares in associated
undertakings
4,893,066
Total
6,420,360
NET INCOME/(EXPENDITURE)
(4,509,132)
RECONCILIATION OF FUNDS
Total funds brought forward
5,350,061
TOTAL FUNDS CARRIED FORWARD
840,929
10.
AUDITORS' REMUNERATION
Fees payable for the audit of the annual accounts		 Restricted
funds
£
648,340
-
-
-
648,340
607,981
3,500
-
611,481
36,859
44,866
81,725
2025
£
12,000		 Total
funds
£
728,883
1,190,810
7,127
632,748
2,559,568
1,881,394
257,381
4,893,066
7,031,841
(4,472,273)
5,394,927
922,654
2024
£
15,000

Auditors' remuneration is included in support costs as part of the charitable activities.

continued...

Page 19

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

11. TANGIBLE FIXED ASSETS

Leasehold property
and improvements
£
COST
At 1 July 2024
1,799,185
Additions
10,827
At 30 June 2025
1,810,012
DEPRECIATION
At 1 July 2024
226,867
Charge for year
26,749
At 30 June 2025
253,616
NET BOOK VALUE
At 30 June 2025
1,556,396
At 30 June 2024
1,572,318
FIXED ASSET INVESTMENTS
Investments
There were no investment assets outside the UK.
Investments (neither listed nor unlisted) were as follows:
Shares in CFC 2001 Ltd		 Plant and
machinery
£
384,848
5,887
390,735
377,967
4,720
382,687
8,048
6,881		 Motor
vehicles
£
-
47,000
47,000
-
8,633
8,633
38,367
-
2025
£
173,504
173,504
2025
£
173,504		 Totals
£
2,184,033
63,714		 Totals
£
2,184,033
63,714
2,247,747
604,834
40,102
644,936
1,602,811
1,579,199
2024
£
282,836
282,836
2024
£
282,836

12. FIXED ASSET INVESTMENTS

In January 2024 CFC 2001 Ltd issued shares leading to Chesterfield F.C. Community Trust no longer being the majority shareholder of the entity. As a result the investment in CFC 2001 Ltd became an associated investment rather than shares in group undertakings.

In the current year, following a further dilution of the Trust's investment, there was an impairment charge of £109,332.

continued...

Page 20

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Other loans (see note 16)
Hire purchase (see note 17)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Deferred Income
Brought forward
Deferred during period
Released during period
Carried forward		 2025
£
58,117
-
6,575
24,394
89,086
2025
£
41,051
100,000
8,631
2,788
103,509
207,337
72,249
535,565
2025
82,587
30,277
82,587
30,277		 2024
£
73,974
10,000
-
5,040
89,014
2024
£
60,261
157,952
-
38,761
54,173
7,389
184,147
502,683
2024
46,793
82,587
46,793
82,587





continued...

Page 21

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 16)
Hire purchase (see note 17)
Social security and other taxes
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Bank loans
Other loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years		 2025
£
393,626
31,933
-
425,559
2025
£
-
41,051
100,000
141,051
44,035
153,340		 2024
£
435,101
-
77,951
513,052
2024
£
23,725
36,536
157,952
218,213
39,678
144,017

continued...

Page 22

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

16. LOANS - continued

LOANS - continued
2025 2024
£ £
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal 196,251 251,406
Bank Loans total £434,677 and represent the following:

£20,386 (2024: £24,533) from a Bounce Back loan financed through Barclays. The Bounce Back loan is repayable over 6 years and interest is charged at 2.5% per annum.

£414,291 (2024: £447,104) from a Bank loan financed through Charity Bank. The Charity Bank loan is repayable over 10 years and interest is charged at the base rate + 4% per annum. Other Loans total £100,000 and represent the following:

£100,000 (2024: £157,952) from an individual which is due for repayment on the 30 June 2025, however is expected to be renewed and rolled over as in previous years. The interest is accrued at 10% per annum until full repayment is provided.

17. LEASING AGREEMENTS

Minimum lease payments fall due as follows:


Net obligations repayable:
Within one year
Between one and five years
Within one year
18.
PROVISIONS FOR LIABILITIES
Repair provision		 Hire purchase contracts
2025
2024
£
£
8,631
-
31,933
-
40,564
-
Non-cancellable
operating leases
2025
2024
£
£
-
1,528
2025
2024
£
£
-
15,000

continued...

Page 23

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

19. MOVEMENT IN FUNDS

At 1/7/24
£
Unrestricted funds
General fund
840,929
Restricted funds
A Spire Right
9,375
PL Kicks
-
Premier League Primary
-
Social Prescribing Link Works
33,290
Camp Inspire
-
Camp Easter
-
Christmas HAF
25
Wellbeing - Adult Weight Management
39,035
Active For Life
-
Camp Winter
-
Stop Smoking Adviser
-
CBC Boots on Ground - Bolsover
-
CBC Boots on Ground - Buxton
-
Chesterfield Public Health
-
81,725
TOTAL FUNDS
922,654
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
A Spire Right
PL Kicks
Premier League Primary
Social Prescribing Link Works
Camp Inspire
Camp Easter
Christmas HAF
Active For Life
Camp Winter
Stop Smoking Adviser
CBC Boots on Ground - Bolsover
CBC Boots on Ground - Buxton
Chesterfield Public Health
TOTAL FUNDS		 Net
movement
in funds
£
(100,844)
(106)
(64)
(43)
(9,136)
(269)
197
(979)
-
1,500
445
34,530
18,570
29,075
46,796
120,516
19,672
Incoming
resources
£
1,411,903
32,331
35,000
35,100
372,873
83,484
24,960
18,002
3,000
16,352
34,530
18,570
29,075
46,796
750,073
2,161,976		 Transfers
between
funds
£
176,542
(9,269)
64
43
45
269
(197)
954
(39,035)
-
(445)
(34,530)
(18,570)
(29,075)
(46,796)
(176,542)
-
Resources
expended
£
(1,512,747)
(32,437)
(35,064)
(35,143)
(382,009)
(83,753)
(24,763)
(18,981)
(1,500)
(15,907)
-
-
-
-
(629,557)
(2,142,304)		 At 30/6/25
£
916,627
-
-
-
24,199
-
-
-
-
1,500
-
-
-
-
-
25,699
942,326
Movement
in funds
£
(100,844)
(106)
(64)
(43)
(9,136)
(269)
197
(979)
1,500
445
34,530
18,570
29,075
46,796
120,516
19,672

continued...

Page 24

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
A Spire Right
Social Prescribing Link Works
Christmas HAF
Wellbeing - Adult Weight Management
TOTAL FUNDS
Comparative net movement in funds, included in the above are
Unrestricted funds
General fund
Restricted funds
National League Grant
A Spire Right
PL Kicks
Premier League Primary
Social Prescribing Link Works
Camp Inspire
Camp Easter
Christmas HAF
Active For Life
TOTAL FUNDS		 At 1/7/23
£
5,350,061
-
5,806
25
39,035
44,866
5,394,927
as follows:
Incoming
resources
£
1,911,228
10,000
61,260
35,000
25,000
324,651
124,817
41,672
19,050
6,890
648,340
2,559,568		 Net
movement
in funds
£
(4,509,132)
9,375
27,484
-
-
36,859
(4,472,273)
Resources
expended
£
(6,420,360)
(10,000)
(51,885)
(35,000)
(25,000)
(297,167)
(124,817)
(41,672)
(19,050)
(6,890)
(611,481)
(7,031,841)		 At 30/6/24
£
840,929
9,375
33,290
25
39,035
81,725
922,654
Movement
in funds
£
(4,509,132)
-
9,375
-
-
27,484
-
-
-
-
36,859
(4,472,273)

continued...

Page 25

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

19. MOVEMENT IN FUNDS - continued

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

Net Transfers
movement between
At 1/7/23 in funds funds At 30/6/25
£ £ £ £
Unrestricted funds
General fund 5,350,061 (4,609,976) 176,542 916,627
Restricted funds
A Spire Right - 9,269 (9,269) -
PL Kicks - (64) 64 -
Premier League Primary - (43) 43 -
Social Prescribing Link Works 5,806 18,348 45 24,199
Camp Inspire - (269) 269 -
Camp Easter - 197 (197) -
Christmas HAF 25 (979) 954 -
Wellbeing - Adult Weight Management 39,035 - (39,035) -
Active For Life - 1,500 - 1,500
Camp Winter - 445 (445) -
Stop Smoking Adviser - 34,530 (34,530) -
CBC Boots on Ground - Bolsover - 18,570 (18,570) -
CBC Boots on Ground - Buxton - 29,075 (29,075) -
Chesterfield Public Health - 46,796 (46,796) -
44,866 157,375 (176,542) 25,699
TOTAL FUNDS 5,394,927 (4,452,601) - 942,326

continued...

Page 26

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

19. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
National League Grant
A Spire Right
PL Kicks
Premier League Primary
Social Prescribing Link Works
Camp Inspire
Camp Easter
Christmas HAF
Active For Life
Camp Winter
Stop Smoking Adviser
CBC Boots on Ground - Bolsover
CBC Boots on Ground - Buxton
Chesterfield Public Health
TOTAL FUNDS		 Incoming
resources
£
3,323,131
10,000
93,591
70,000
60,100
697,524
208,301
66,632
37,052
9,890
16,352
34,530
18,570
29,075
46,796
1,398,413
4,721,544		 Resources
expended
£
(7,933,107)
(10,000)
(84,322)
(70,064)
(60,143)
(679,176)
(208,570)
(66,435)
(38,031)
(8,390)
(15,907)
-
-
-
-
(1,241,038)
(9,174,145)		 Movement
in funds
£
(4,609,976)
-
9,269
(64)
(43)
18,348
(269)
197
(979)
1,500
445
34,530
18,570
29,075
46,796
157,375
(4,452,601)

National league grant

Grant to fund salaries to work on projects within schools.

A Spire Right

Substance misuse programme to help recovery - 6 cohorts of 8 weeks.

PL Kicks

Offers opportunities to underrepresented communities to take part in sports.

Social prescribing

Youth social prescribing offering to under 18s in and around Chesterfield.

Camp

Offers holiday camp and meal to children who are on free school meals.

Christmas HAF

Food hampers given out to children on free school meals.

Adult weight management

Weekly session to assist with weight loss amongst over 18s.

Active for Life

The aims of the programme are to motivate individuals to improve their mental wellbeing and physical health through adopting a more active lifestyle.

continued...

Page 27

Docusign Envelope ID: D4E2F4A5-B248-4C47-9193-1B2A61EE83DB

Chesterfield F.C. Community Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2025

20. RELATED PARTY DISCLOSURES

At the year end the charity had a balance totalling £195,400 (2024: £Nil) owed to CFC 2001 Limited, a company the trust holds shares in.

The Trust received a total of £12,000 (2024: £NIL) of donations from Trustees without conditions.

One Trustee, N Johnson, was paid £6,240 (2024 - £6,240) for services provided to the Trust in relation to media consultancy. There were no amounts outstanding at the year end and this payment was not connected to N Johnson's role as a Trustee.

One of the Trustees is an Interim CEO of a Multi Academy Trust that uses the Trust for educational activites. The total value of services provided in the year was £143,000 (2024 - £117,000). £38,052 was outstanding at the year end (2024 - £24,000).

Page 28