**Registered number: 07643867 Charity number: 1142920** 

**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE PERIOD ENDED 31 AUGUST 2024** 




## **BURTON ALBION COMMUNITY TRUST** 

**(A company limited by guarantee) CONTENTS** 

||**Page**|
|---|---|
|Reference and adminsitration details of the charity, its trustees and advisors|1|
|Trustees' report|2-5|
|Independant auditors' report|6-9|
|Statement of financial activites|10|
|Balance sheet|11|
|Statement of cash flows|12|
|Notes to the financial statements|13-19|
|Detailed profit and loss account|20|





## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISORS** 

## **Trustee's** 

D Mellor C B Robinson P Pusey (Chairman) C Wood D A Taylor G Foster (resigned 02/12/2023) F E L Spiers P E Sage (appointed 16/02/2023, resigned 24/05/2024) T G Clarke (appointed 21/06/2024) 

**Head of Community** J Widdowson 

## **Independent auditors** 

Nuvo Audit Limited 7 Faraday Court First Avenue Burton Upon Trent Staffordshire DE14 2WX 

## **Bankers** 

Barclays Bank PLC High Street Burton Upon Trent Staffordshire DE14 1HU 

## **Registered office** 

Pirelli Stadium Princess Way Burton Upon Trent Staffordshire DE13 0AR 

**Company registered number** 07643867 

**Charity registered number** 1142920 

1 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

The trustees are pleased to present their report and the financial statements of the charitable company for the period ending 31st August 2023. The trustees constitute directors of the charitable company for Companies Act purposes. 

The trustees have adopted the provisions of the 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, in preparing the annual report and financial statements of the charity. 

## **Chairs Report** 

This financial year has again been a challenging one for the charity, and the main comfort has been that we are not the only voluntary organisation who are in survival mode in the current operating environment which is acknowledged as being extremely difficult by experienced sector leaders across the country. 

Again, National Living Wage increases have impacted us significantly, added to by the increases in National Insurance thresholds and contributions which again have major financial impact. 

Burton Albion have also changed ownership during this period, and this inevitably brings change and transition as we adapt from working closely with Ben Robinson who was instrumental in the founding of the Trust to working with the new owners who are learning and growing in all aspects of running the club, not to mention the unique relationship with the Community Trust. 

In this scenario, it was fantastic to welcome back John Widdowson as our Head of Community in January.  John knows the Trust and the football club well, and is also well known by many stakeholders, and this has enabled is to begin to develop a robust plan that will carry the Trust through any of the challenges that still lie ahead. 

The projects and programmes the Trust deliver have continued to deliver positive, high impact on the local community, with around 14,000 people benefiting on a regular basis. 

Throughout this period the trustee board have sought to steer the BACT ship through troubled waters, supporting senior managers to manage risks and ensuring our commitment to quality and compliance remains strong. 

Thank you to all the volunteers, trustees, staff, partners, funders, sponsors and stakeholders for standing with us as a charity through this challenging year, and in particularly to Ben Robinson and Burton Albion Football Club for their ongoing support and partnership. 

It may be a cliche, but BACT would not exist without you and your support. Whilst the challenging environment continues to be a reality, we remain committed to ensuring BACT continues to make the amazingly positive impact on the strength, health and happiness of our local community through the many programmes that we deliver. 

**P Pusey Chairman** 

2 



**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

## **Head of Community Report** 

This year marked the conclusion of our Healthier, Happier & Stronger Communities Strategy 2021–2024. 

Despite the challenges and changes we’ve faced, we are incredibly proud to have engaged over 17,000 participants through 52 diverse projects, each thoughtfully designed to create a meaningful impact within our community. 

At the heart of our mission is a deep commitment to inclusivity, empowerment, and well-being for individuals of all ages and backgrounds. The wide range of initiatives delivered this year—from health and wellness programmes to educational opportunities and youth engagement activities—reflects our dedication to meeting the evolving needs of our community. Every participant represents a unique story, a personal journey, and a chance for growth. We are privileged to be part of those experiences. 

Our achievements would not have been possible without the steadfast support of our staff, partners, funders, volunteers and community members. Their passion and dedication continue to drive our work forward and inspire us to aim even higher. Together, we’ve built a strong, supportive network that uplifts individuals and strengthens the very fabric of our community. 

Special thanks go to our Board of Trustees and the Chairman of Burton Albion Football Club, Ben Robinson MBE, whose leadership over the years has ensured we remain deeply rooted in the community. Their unwavering support helps us harness the unique power of our brand and the unifying force of sport to drive meaningful change. 

As Phil mentions in his report, a change in leadership at the Trust and a change in ownership at the Burton Albion Football Club bring inevitable transitions. This year will be a period of transformation for the entire Burton Albion family. 

Three years ago, we made a promise—to make a difference. Whether supporting individuals, empowering groups, or uplifting the wider community, our dedicated staff and volunteers have consistently shown up for those who need us most. 

The true impact of our work goes beyond numbers—it lives in the connections we build, the skills we nurture, and the hope we inspire. We look to the future with excitement and remain steadfast in our mission to enrich lives through sport, education, and community engagement. 

3 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

## **Finance Review** 

The financial challenges of recent years persisted throughout 2023–2024, with the difficult climate continuing to intensify. As a result, the organisation's finances remained under significant pressure. 

Reductions in funding and continued increases in the National Living Wage have had considerable impact on the organisation. The year ended with a general election and change in government which meant many funding streams paused and there will be further changes to funding and statutory payments. 

We are anticipating continued financial struggle and we must now focus on becoming not just financially sustainable but financially efficient in how we allocate resources to have the greatest impact. 

## **Structure, Governance and Management** 

The theme of change continued in 2023-2024 there was change in leadership at Burton Albion Community Trust the return of Head of Community John Widdowson also coincided with several management changes. 

In 2023-2024 there was also change at Burton Albion FC as the Nordic Football Group took over ownership from Ben Robinson MBE. This change signals the beginning of a period of transition. 

The Trustees continue to very much drive working groups and wider discussions particularly around Strategy, Finance, Safeguarding, Health & Safety and Equality, Diversity & Inclusion. 

We have clear Policies and Procedures and an annual review remains in place as well as sign off procedure with Board of Trustees. This is used in conjunction with our Capability Action plan which is a governance and management document we use as evidence to our key funders and partners the PLCF and EFLT. 

## **Statement of trustees' responsibilities** 

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

4 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

Company law requires the Trustees to prepare financial statements for each financial year. 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 these financial statements the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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: 

- there is no relevant audit information of which the charitable company’s auditor is unaware; and 

- - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. 

## **Auditors** 

A resolution proposing that Nuvo Audit Limited (previously ADS Accountancy Limited) be re-appointed as auditors of the Trust will be put to the trustees at the Annual General Meeting. 

**P Pusey** Chairman 

5 



## **Burton Albion Community Trust (A company limited by guarantee)** 

## **Independent auditors' report** 

**to the members of Burton Albion Community Trust** 

## **Opinion** 

We have audited the financial statements of Burton Albion Community Trust for the year ended 31 August 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. 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), including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'. 

- In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at for the year ended 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **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 auditor 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 other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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. 

6 



**Burton Albion Community Trust (A company limited by guarantee) Independent auditors' report to the members of Burton Albion Community Trust** 

## **Opinion on other matters prescribed by the Companies Act 2006** 

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

- the information given in the trustees' report (incorporating the strategic report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the strategic report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

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: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- ● certain disclosures of trustees' remuneration specified by law are not made; or ● we have not received all the information and explanations we require for our audit; or 

- the Trustees were not entitled to prepare the financial statements and the Trustees' report in accordance with the small companies regime and to take advantage of the small companies' exemption from the requirement to prepare a Strategic report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement, 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. 

## **Auditor 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. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- The Charity is subject to many laws and regulations within the country it operates, where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified the following laws and regulations as the most likely to have a material effect if non-compliance were to occur; financial reporting legislation, Charities SORP, anti-bribery legislation and employment law; 

- We communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit; 

- We understood how the Charity is complying with those legal and regulatory frameworks by making enquiries of management. We corroborated our enquiries through our review of management accounts 

7 



## **Burton Albion Community Trust** 

## **(A company limited by guarantee)** 

**Independent auditors' report to the members of Burton Albion Community Trust** 

- We assessed the susceptibility of the Charity’s financial statements to material misstatement, including how fraud might occur by meeting with employees from different parts of the business to understand where it is considered there was susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage surplus and restricted/unrestricted funds. We considered the programs and controls that the Charity has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programs and controls. Where the risk was considered to be higher, we performed audit procedures to addressed identified fraud 

- Our audit procedures involved: journal entry testing, with a focus on grant income and journals indicating large or unusual transactions based on our understanding of the business and enquiries of management. In addition, we completed audit procedures to conclude on the compliance of disclosures in the annual report and accounts with applicable financial reporting requirements; 

- Assessment and appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team’s: 

   - Understanding of, and practical experience with audit engagements of a similar nature and complexity through appropriate training and participation 

   - Knowledge of the industry in which the client operates 

   - Understanding the legal and regulatory requirements specific to the entity including: 

   - The provisions of the applicable legislation 

   - The regulators rules and related guidance, including guidance issued by relevant authorities that interprets those rules 

   - The applicable statutory provisions. 

- We did not identify any matters relating to non-compliance with laws and regulations or relating to fraud. 

- In assessing the potential risks of material misstatement, we obtained an understanding of: 

- The entity’s operations, including the nature of its funding sources, products and services and of its objectives and strategies to understand classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. 

   - The entity’s control environment, including policies and procedures implemented to comply with the entity’s relevant regulatory requirements, including the adequacy of procedures for authorisation of transactions, internal review procedures over the entity’s compliance with regulatory requirements and procedures to ensure that possible breaches of requirements are appropriately investigated and reported. 

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company’s internal control. 

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees 

- Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. 

8 



## **Burton Albion Community Trust** 

## **(A company limited by guarantee)** 

## **Independent auditors' report** 

## **to the members of Burton Albion Community Trust** 

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view). 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 

## **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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 

Daniel Johnson FCCA (Senior Statutory Auditor) for and on behalf of Nuvo Audit Limited Accountants and Statutory Auditors 

7 Faraday Court First Avenue Burton upon Trent Staffordshire DE14 2WX 

Date: 23 May 2024 

9 



## **BURTON ALBION COMMUNITY TRUST** 

## **(A company limited by guarantee)** 

**STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) for the year ended 31 August 2024** 

|**_Notes_**<br>**INCOMING RESOURCES**<br>Incoming resources from generated funds:<br>Voluntary income<br>_14_<br>Incoming resources from charitable activities<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES EXPENDED**<br>Charitable activities<br>Governance costs<br>**TOTAL RESOURCES EXPENDED**<br>**NET SURPLUS/(DEFICIT) FOR THE YEAR**<br>**MOVEMENT IN TOTAL FUNDS FOR THE YEAR**<br>Total funds at 1 September 2023<br>Net surplus/(deficit for the year<br>**TOTAL FUNDS AT 31 August 2024**|**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>259,650<br>573,935<br>833,585<br>948,153<br>8,040<br>956,193<br>(122,608)<br>382,038<br>(122,608)<br>259,430|**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>883,294<br>883,294<br>915,434<br>-<br>915,434<br>(32,140)<br>-<br>(32,140)<br>(32,140)|**Total**<br>**funds**<br>**2024**<br>**£**<br>**259,650**<br>**1,457,229**<br>**1,716,879**<br>**1,863,587**<br>**8,040**<br>**1,871,627**<br>**(154,748)**<br>**382,038**<br>**(154,748)**<br>**227,290**|**Total**<br>**funds**<br>**2023**<br>**£**<br>172,732<br>1,546,281<br>1,719,013<br>1,861,749<br>8,040<br>1,869,789<br>(150,776)<br>532,814<br>(150,776)<br>382,038|
|---|---|---|---|---|



The notes on pages 12 to 18 form part of these financial statements. 

10 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) BALANCE SHEET as at 31 August 2024** 

|**_Notes_**<br>**FIXED ASSETS**<br>**Tangible assets**<br>_11_<br>**CURRENT ASSETS**<br>**Debtors**<br>_12_<br>**Cash at bank and in hand**<br>**CREDITORS: amounts falling**<br>**due within one year**<br>_13_<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS**<br>**CURRENT LIABILITIES**<br>**NET ASSETS**<br>**CHARITY FUNDS**<br>**Unrestricted funds**<br>15<br>**Restricted funds**<br>16<br>**Sinking fund**<br>**TOTAL FUNDS**|**2024**<br>**£**<br>**47,829**<br>**47,829**<br>**121,057**<br>**309,779**<br>**430,836**<br>**(251,375)**<br>**179,461**<br>**227,290**<br>**227,290**<br>**172,840**<br>**(68,550)**<br>**123,000**<br>**227,290**|**2023**<br>**£**<br>67,881<br>67,881<br>108,968<br>443,174<br>552,142<br>(237,985)<br>314,157<br>382,038<br>382,038<br>213,717<br>77,071<br>91,250<br>382,038|
|---|---|---|



The financial statements were approved by Trustees on 22 August 2024 and signed on their behalf, by: 

|..........................................................|..........................................................|
|---|---|
|P Pusey|C B Robinson|
|Chairman|Trustee|



11 



## **Burton Albion Community Trust Cash Flow Statement for the year ended 31 August 2024** 

|**Cash generated from operations**<br>Operating profit<br>Reconciliation to cash generated from operations:<br>Depreciation<br>(Increase)/Decrease in debtors<br>Increase/(Decrease) in creditors<br>**Application of cash**<br>Purchase of tangible fixed assets<br>**Net increase/(decrease) in cash**<br>Cash at bank and in hand at 1 September<br>**Cash at bank and in hand less overdrafts at 31 August**<br>Consisting of:<br>Cash at bank and in hand|**2024**<br>**£**<br>(154,748)<br>22,473<br>(12,089)<br>13,390<br>(130,974)<br>(2,420)<br>(2,420)<br>(133,394)<br>443,174<br>309,780<br>309,779<br>309,779|**2023**<br>**£**<br>93,494<br>11,671<br>1,477<br>85,321<br>191,963<br>(41,240)<br>(41,240)<br>150,723<br>292,451<br>443,174<br>443,174<br>443,174|
|---|---|---|



12 



**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## **1 ACCOUNTING POLICIES** 

## _**Basis of preparation**_ 

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Burton Albion Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £000. 

The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated. 

## _**Reconciliation with previous generally accepted practice**_ 

In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. 

No restatements were required. 

## _**Company status**_ 

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10.00 per member of the company. 

## _**Fund accounting**_ 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## _**Incoming resources**_ 

13 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

All incoming resources are included in the Statement of financial activities when the company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. 

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. 

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 

14 



**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## _**Grants**_ 

Grants are recognised in full when the charity has an unconditional entitlement to the income. Grants are deferred to the extent of the progress of a stipulated performance target or if the conditions of a grant are outside the charity's control. 

## **1 ACCOUNTING POLICIES (continued)** 

## _**Resources expended**_ 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. 

Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. 

All resources expended are inclusive of irrecoverable VAT. 

## _**Going concern**_ 

The Trustees have considered the requirements of the company for a period of 12 months from the date of the approval of these financial statements. 

## _**Depreciation**_ 

All assets costing more than £1,000 are capitalised. 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

Motor vehicles 15% Straight Line Office equipment 25% Straight Line 

## _**Taxation**_ 

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

## _**Pensions**_ 

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. 

15 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

|Turnover attributable to geographical markets outside the UK<br>**2**<br>**VOLUNTARY INCOME**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Donations<br>**259,650**<br>**-**<br>Grants<br>**-**<br>**-**<br>Voluntary income<br>**259,650**<br>**-**<br>**3**<br>**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Community activities<br>**573,935**<br>**883,294**<br>**4**<br>**GOVERNANCE COSTS**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Audit fees<br>**4,500**<br>**-**<br>Accountancy fees<br>**3,540**<br>-<br>**8,040**<br>**-**<br>**5**<br>**DIRECT COSTS**<br>**Community**<br>**activities**<br>**2024**<br>**£**<br>Facility Hire<br>**69,188**<br>Community Football Centre Rent<br>**30,000**<br>Travelling Expenses<br>**14,588**<br>Marketing<br>**14,455**<br>Equipment & Staff Uniforms<br>**42,870**<br>Training<br>**3,712**<br>Sundry Expenses<br>**14,776**<br>Management fees<br>**-**<br>Staff costs<br>**1,365,761**<br>Community Activity Expenses<br>**68,258**<br>**1,623,608**|**0.0%**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**259,650**<br>**-**<br>**259,650**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**1,457,229**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**4,500**<br>**3,540**<br>**8,040**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**69,188**<br>**30,000**<br>**14,588**<br>**14,455**<br>**42,870**<br>**3,712**<br>**14,776**<br>**-**<br>**1,365,761**<br>**68,258**<br>**1,623,608**|0.0%<br>Total<br>funds<br>2023<br>£<br>171,741<br>991<br>172,732<br>Total<br>funds<br>2023<br>£<br>1,546,281<br>Total<br>funds<br>2023<br>£<br>3,300<br>4,740<br>8,040<br>Total<br>funds<br>2023<br>£<br>37,812<br>30,000<br>26,308<br>33,018<br>29,675<br>30,753<br>12,600<br>120,137<br>1,352,524<br>77,076<br>1,749,903|
|---|---|---|



16 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## **6 SUPPORT COSTS** 

|**Community**<br>**activities**<br>**2024**<br>**£**<br>Premise Expenses<br>**51,775**<br>Telephone & IT costs<br>**29,574**<br>Postage, Stationery and Photocopying<br>**5,416**<br>Bank Charges<br>**5,076**<br>Repairs and Renewals<br>**270**<br>Professional Fees and Subscriptions<br>**93,645**<br>Sinking fund<br>**31,750**<br>Depreciation<br>**22,473**<br>**239,979**<br>**ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**<br>**Staff costs**<br>**Depreciation**<br>**Other costs**<br>**2024**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>Community activities<br>**1,365,761**<br>**22,473**<br>**467,313**<br>Governance<br>**-**<br>**-**<br>**8,040**<br>**1,365,761**<br>**22,473**<br>**475,353**<br>**ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**<br>**Direct**<br>**activities**<br>**Support**<br>**costs**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Community activities<br>1,623,608<br>239,979|**Total**<br>**funds**<br>**2024**<br>**£**<br>**51,775**<br>**29,574**<br>**5,416**<br>**5,076**<br>**270**<br>**93,645**<br>**31,750**<br>**22,473**<br>**239,979**<br>**Total**<br>**2024**<br>**£**<br>**1,863,587**<br>**8,040**<br>**1,871,627**<br>**Total**<br>**2024**<br>**£**<br>1,863,587|Total<br>funds<br>2023<br>£<br>33,354<br>21,490<br>14,302<br>4,996<br>518<br>85,191<br>(65,000)<br>16,995<br>111,846<br>Total<br>2023<br>£<br>1,861,749<br>8,040<br>1,869,789<br>Total<br>2023<br>£<br>1,861,749|
|---|---|---|



## **7 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE** 

## **8 ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES** 

17 



## **BURTON ALBION COMMUNITY TRUST** 

## **(A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

|**9**<br>**NET INCOMING / (OUTGOING) RESOURCES**<br>This is stated after charging:<br>Depreciation of owned fixed assets<br>Auditors' remuneration<br>There was not any remuneration, benefits in kind or reimbursement of <br>during the year. (2023: £nil)|**2024**<br>**2023**<br>**£**<br>**£**<br>**22,473**<br>16,996<br>**4,500**<br>3,300<br> expenses paid to Trustees|
|---|---|



|**10 STAFF COSTS**<br>**2024**<br>**£**<br>Wages and salaries<br>1,365,761<br>The average monthly number of employees during the year was as follows:<br>**2024**<br>**No.**<br>Charitable activities<br>65<br>65|**2023**<br>**£**<br>1,352,524<br>**2023**<br>**No.**<br>62<br>62|
|---|---|



No employee received remuneration amounting to more than £60,000 in either year. 

## **11 TANGIBLE FIXED ASSETS** 

|**Cost**<br>At 1 September 2023<br>Additions<br>**At 31 August 2024**<br>**Depreciation**<br>At 1 September 2023<br>Charge for the year<br>**At 31 August 2024**<br>**Net book value**<br>**At 31 August 2024**<br>At 31 August 2023|**Motor**<br>**vehicles**<br>**£**<br>40,824<br>-<br>40,824<br>14,784<br>5,039<br>19,823<br>21,001<br>26,040|**Office**<br>**Equipment**<br>**£**<br>88,766<br>2,420<br>91,186<br>46,924<br>17,434<br>64,358<br>26,828<br>41,842|**Total**<br>**£**<br>129,590<br>2,420<br>132,010<br>61,708<br>22,473<br>84,181<br>47,829<br>67,882|
|---|---|---|---|



18 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

|**12 DEBTORS**<br>Trade debtors<br>Other debtors<br>Amounts due after more than one year included above<br>**13 CREDITORS: Amounts falling due within one year**<br>Trade creditors<br>Other taxes and social security costs<br>Other creditors and deferred income<br>**14 ANALYSIS OF FUNDS**<br>**Brought**<br>**forward**<br>**Incoming**<br>**Resource**<br>**£**<br>**£**<br>General funds<br>213,717<br>833,585<br>**Restricted funds**<br>Restricted funds<br>77,071<br>883,294<br>Sinking fund<br>91,250<br>-<br>**At 31 August 2024**<br>**382,038**<br>**1,716,879**|**Resource**<br>**Expended**<br>**£**<br>(956,193)<br>(915,434)<br>-<br>**(1,871,627)**|**2024**<br>**£**<br>**35,706**<br>**85,351**<br>**121,057**<br>**-**<br>**2024**<br>**£**<br>**19,777**<br>**17,545**<br>**214,053**<br>**251,375**<br>**Transfers**<br>**£**<br>81,731<br>(113,481)<br>31,750<br>**-**|**2023**<br>**£**<br>34,739<br>74,229<br>108,968<br>-<br>**2023**<br>**£**<br>19,854<br>21,132<br>196,999<br>237,985<br>**Closing**<br>**Balance**<br>**£**<br>172,840<br>(68,550)<br>123,000<br>**227,290**|
|---|---|---|---|



## **15 ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>Tangible fixed assets<br>**47,829**<br>Current assets<br>**385,906**<br>Creditors due within one year<br>**(251,375)**<br>**182,360**|**Restricted**<br>**funds**<br>**2024**<br>**£**<br>**-**<br>**44,930**<br>**-**<br>**44,930**|**Total**<br>**funds**<br>**2024**<br>**£**<br>**47,829**<br>**430,836**<br>**(251,375)**<br>**227,290**|**Total**<br>**funds**<br>**2023**<br>**£**<br>67,881<br>552,142<br>(237,985)<br>**382,038**|
|---|---|---|---|



19 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## **16 RESTRICTED FUNDS ANALYSIS** 

|Health and wellbeing<br>Education and employability<br>Football in the community<br>Community engagement<br>Facilities<br>Core<br>**Total**|**Brought**<br>**forward**<br>**£**<br>39,079<br>12,917<br>-<br>25,075<br>-<br>-<br>**77,071**|**Incoming**<br>**Resource**<br>**£**<br>255,864<br>331,352<br>29,403<br>129,006<br>54,600<br>83,068<br>**883,293**|**Resource**<br>**Expended**<br>**£**<br>276,378<br>343,487<br>27,978<br>154,081<br>54,600<br>58,910<br>**915,434**|**Closing**<br>**Balance**<br>**£**<br>18,565<br>782<br>1,425<br>-<br>-<br>24,158<br>**44,930**|
|---|---|---|---|---|



The balance on the restricted funds as at 31 August 2024 represents unspent income which will be utilised in the forthcoming months. 

All the grants received are to deliver projects against agreed aims and objectives. 

|**17 ANALYSIS OF CASH EQUIVALENTS**<br>**2024**<br>**£**<br>Cash at bank and in hand<br>**309,779**<br>**Total**<br>**309,779**<br>**18 OTHER COMMITMENTS**<br>**2024**<br>**£**<br>Not later than one year<br>**7,502**<br>**625**<br>**8,127**<br>The total of future minimum lease payments under non-cancellable operating leases are a<br>Later than one year and not later than five years|**2023**<br>**£**<br>443,174<br>443,174<br>**2023**<br>**£**<br>7,502<br>8,127<br>15,629<br>s follows:|
|---|---|



## **19 RELATED PARTY TRANSACTIONS** 

During the year the charity was charged VAT inclusive rent of £30,000 (2023: £30,000) for the use of the community facilities and 3G pitches by Albion Football Club (Burton-on-Trent) Limited (The). This transaction is considered to be at arms length and has been enforced by HMRC. 

During the year the charity was charged VAT inclusive management and facilities charge of £nil (2023: £120,137) for the use of the clubs facilities provided by Albion Football Club (Burton-on-Trent) Limited (The). This transaction is considered to be at arms length. 

During the year the charity was charged VAT inclusive hospitality costs of £31,434 (2023: £34,453) for matchday tickets and hospitality provided by Albion Football Club (Burton-on-Trent) Limited (The). This transaction is considered to be at arms length. 

## **20 CONTROLLING PARTY** 

The company is controlled by the Board of Trustees. 

20 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) DETAILED PROFIT AND LOSS ACCOUNT for the year ended 31 August 2024** 

|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**2024**<br>**2024**<br>**2024**<br>**£**<br>**VOLUNTARY INCOME**<br>Donations<br>**259,650**<br>**-**<br>**259,650**<br>Grants (incl CJRS)<br>**-**<br>**-**<br>**-**<br>**259,650**<br>**-**<br>**259,650**<br>**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**<br>Community activities<br>**573,935**<br>**883,294**<br>**1,457,229**<br>**573,935**<br>**883,294**<br>**1,457,229**<br>**Community**<br>**Activities**<br>**Total**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**GOVERNANCE COSTS**<br>Audit fees<br>**4,500**<br>**4,500**<br>Accountancy fees<br>**3,540**<br>**3,540**<br>**DIRECT COSTS**<br>Facility Hire<br>**69,188**<br>**69,188**<br>Community Football Centre Rent<br>**30,000**<br>**30,000**<br>Travelling Expenses<br>**14,588**<br>**14,588**<br>Marketing<br>**14,455**<br>**14,455**<br>Equipment & Staff Uniforms<br>**42,870**<br>**42,870**<br>Training<br>**3,712**<br>**3,712**<br>Sundry Expenses<br>**14,776**<br>**14,776**<br>Management fees<br>**-**<br>**-**<br>Staff costs<br>**1,365,761**<br>**1,365,761**<br>Community Activity Expenses<br>**68,258**<br>**68,258**<br>**SUPPORT COSTS**<br>Premise Expenses<br>**51,775**<br>**51,775**<br>Telephone & IT costs<br>**29,574**<br>**29,574**<br>Postage, Stationery and Photocopying<br>**5,416**<br>**5,416**<br>Sundry Expenses<br>**-**<br>**-**<br>Bank Charges<br>**5,076**<br>**5,076**<br>Repairs and Renewals<br>**270**<br>**270**<br>Professional Fees and Subscriptions<br>**93,645**<br>**93,645**<br>Sinking fund<br>**31,750**<br>**31,750**<br>Depreciation<br>**22,473**<br>**22,473**<br>**1,871,627**<br>**1,871,627**<br>**NET SURPLUS**<br>**(154,748)**|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**2023**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**£**<br>171,741<br>-<br>171,741<br>991<br>-<br>991<br>172,732<br>-<br>172,732<br>506,466<br>1,039,815<br>1,546,281<br>506,466<br>1,039,815<br>1,546,281<br>**Community**<br>**Activities**<br>**Total**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>3,300<br>3,300<br>4,740<br>4,740<br>37,812<br>37,812<br>30,000<br>30,000<br>26,308<br>26,308<br>33,018<br>33,018<br>29,675<br>29,675<br>30,753<br>30,753<br>12,600<br>12,600<br>120,137<br>120,137<br>1,352,524<br>1,352,524<br>77,076<br>77,076<br>33,354<br>33,354<br>21,490<br>21,490<br>14,302<br>14,302<br>-<br>-<br>4,996<br>4,996<br>518<br>518<br>85,191<br>85,191<br>(65,000)<br>(65,000)<br>16,995<br>16,995<br>**1,869,789**<br>**1,869,789**<br>(150,776)|
|---|---|



21 



**Registered number: 07643867 Charity number: 1142920** 

**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE PERIOD ENDED 31 AUGUST 2024** 




## **BURTON ALBION COMMUNITY TRUST** 

**(A company limited by guarantee) CONTENTS** 

||**Page**|
|---|---|
|Reference and adminsitration details of the charity, its trustees and advisors|1|
|Trustees' report|2-5|
|Independant auditors' report|6-9|
|Statement of financial activites|10|
|Balance sheet|11|
|Statement of cash flows|12|
|Notes to the financial statements|13-19|
|Detailed profit and loss account|20|





## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISORS** 

## **Trustee's** 

D Mellor C B Robinson P Pusey (Chairman) C Wood D A Taylor G Foster (resigned 02/12/2023) F E L Spiers P E Sage (appointed 16/02/2023, resigned 24/05/2024) T G Clarke (appointed 21/06/2024) 

**Head of Community** J Widdowson 

## **Independent auditors** 

Nuvo Audit Limited 7 Faraday Court First Avenue Burton Upon Trent Staffordshire DE14 2WX 

## **Bankers** 

Barclays Bank PLC High Street Burton Upon Trent Staffordshire DE14 1HU 

## **Registered office** 

Pirelli Stadium Princess Way Burton Upon Trent Staffordshire DE13 0AR 

**Company registered number** 07643867 

**Charity registered number** 1142920 

1 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

The trustees are pleased to present their report and the financial statements of the charitable company for the period ending 31st August 2023. The trustees constitute directors of the charitable company for Companies Act purposes. 

The trustees have adopted the provisions of the 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, in preparing the annual report and financial statements of the charity. 

## **Chairs Report** 

This financial year has again been a challenging one for the charity, and the main comfort has been that we are not the only voluntary organisation who are in survival mode in the current operating environment which is acknowledged as being extremely difficult by experienced sector leaders across the country. 

Again, National Living Wage increases have impacted us significantly, added to by the increases in National Insurance thresholds and contributions which again have major financial impact. 

Burton Albion have also changed ownership during this period, and this inevitably brings change and transition as we adapt from working closely with Ben Robinson who was instrumental in the founding of the Trust to working with the new owners who are learning and growing in all aspects of running the club, not to mention the unique relationship with the Community Trust. 

In this scenario, it was fantastic to welcome back John Widdowson as our Head of Community in January.  John knows the Trust and the football club well, and is also well known by many stakeholders, and this has enabled is to begin to develop a robust plan that will carry the Trust through any of the challenges that still lie ahead. 

The projects and programmes the Trust deliver have continued to deliver positive, high impact on the local community, with around 14,000 people benefiting on a regular basis. 

Throughout this period the trustee board have sought to steer the BACT ship through troubled waters, supporting senior managers to manage risks and ensuring our commitment to quality and compliance remains strong. 

Thank you to all the volunteers, trustees, staff, partners, funders, sponsors and stakeholders for standing with us as a charity through this challenging year, and in particularly to Ben Robinson and Burton Albion Football Club for their ongoing support and partnership. 

It may be a cliche, but BACT would not exist without you and your support. Whilst the challenging environment continues to be a reality, we remain committed to ensuring BACT continues to make the amazingly positive impact on the strength, health and happiness of our local community through the many programmes that we deliver. 

**P Pusey Chairman** 

2 



**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

## **Head of Community Report** 

This year marked the conclusion of our Healthier, Happier & Stronger Communities Strategy 2021–2024. 

Despite the challenges and changes we’ve faced, we are incredibly proud to have engaged over 17,000 participants through 52 diverse projects, each thoughtfully designed to create a meaningful impact within our community. 

At the heart of our mission is a deep commitment to inclusivity, empowerment, and well-being for individuals of all ages and backgrounds. The wide range of initiatives delivered this year—from health and wellness programmes to educational opportunities and youth engagement activities—reflects our dedication to meeting the evolving needs of our community. Every participant represents a unique story, a personal journey, and a chance for growth. We are privileged to be part of those experiences. 

Our achievements would not have been possible without the steadfast support of our staff, partners, funders, volunteers and community members. Their passion and dedication continue to drive our work forward and inspire us to aim even higher. Together, we’ve built a strong, supportive network that uplifts individuals and strengthens the very fabric of our community. 

Special thanks go to our Board of Trustees and the Chairman of Burton Albion Football Club, Ben Robinson MBE, whose leadership over the years has ensured we remain deeply rooted in the community. Their unwavering support helps us harness the unique power of our brand and the unifying force of sport to drive meaningful change. 

As Phil mentions in his report, a change in leadership at the Trust and a change in ownership at the Burton Albion Football Club bring inevitable transitions. This year will be a period of transformation for the entire Burton Albion family. 

Three years ago, we made a promise—to make a difference. Whether supporting individuals, empowering groups, or uplifting the wider community, our dedicated staff and volunteers have consistently shown up for those who need us most. 

The true impact of our work goes beyond numbers—it lives in the connections we build, the skills we nurture, and the hope we inspire. We look to the future with excitement and remain steadfast in our mission to enrich lives through sport, education, and community engagement. 

3 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

## **Finance Review** 

The financial challenges of recent years persisted throughout 2023–2024, with the difficult climate continuing to intensify. As a result, the organisation's finances remained under significant pressure. 

Reductions in funding and continued increases in the National Living Wage have had considerable impact on the organisation. The year ended with a general election and change in government which meant many funding streams paused and there will be further changes to funding and statutory payments. 

We are anticipating continued financial struggle and we must now focus on becoming not just financially sustainable but financially efficient in how we allocate resources to have the greatest impact. 

## **Structure, Governance and Management** 

The theme of change continued in 2023-2024 there was change in leadership at Burton Albion Community Trust the return of Head of Community John Widdowson also coincided with several management changes. 

In 2023-2024 there was also change at Burton Albion FC as the Nordic Football Group took over ownership from Ben Robinson MBE. This change signals the beginning of a period of transition. 

The Trustees continue to very much drive working groups and wider discussions particularly around Strategy, Finance, Safeguarding, Health & Safety and Equality, Diversity & Inclusion. 

We have clear Policies and Procedures and an annual review remains in place as well as sign off procedure with Board of Trustees. This is used in conjunction with our Capability Action plan which is a governance and management document we use as evidence to our key funders and partners the PLCF and EFLT. 

## **Statement of trustees' responsibilities** 

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

4 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) TRUSTEES REPORT** 

Company law requires the Trustees to prepare financial statements for each financial year. 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 these financial statements the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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: 

- there is no relevant audit information of which the charitable company’s auditor is unaware; and 

- - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. 

## **Auditors** 

A resolution proposing that Nuvo Audit Limited (previously ADS Accountancy Limited) be re-appointed as auditors of the Trust will be put to the trustees at the Annual General Meeting. 

**P Pusey** Chairman 

5 



## **Burton Albion Community Trust (A company limited by guarantee)** 

## **Independent auditors' report** 

**to the members of Burton Albion Community Trust** 

## **Opinion** 

We have audited the financial statements of Burton Albion Community Trust for the year ended 31 August 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. 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), including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'. 

- In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at for the year ended 31 August 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **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 auditor 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 other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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. 

6 



**Burton Albion Community Trust (A company limited by guarantee) Independent auditors' report to the members of Burton Albion Community Trust** 

## **Opinion on other matters prescribed by the Companies Act 2006** 

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

- the information given in the trustees' report (incorporating the strategic report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the strategic report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

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: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- ● certain disclosures of trustees' remuneration specified by law are not made; or ● we have not received all the information and explanations we require for our audit; or 

- the Trustees were not entitled to prepare the financial statements and the Trustees' report in accordance with the small companies regime and to take advantage of the small companies' exemption from the requirement to prepare a Strategic report. 

## **Responsibilities of trustees** 

As explained more fully in the trustees’ responsibilities statement, 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. 

## **Auditor 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. 

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- The Charity is subject to many laws and regulations within the country it operates, where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified the following laws and regulations as the most likely to have a material effect if non-compliance were to occur; financial reporting legislation, Charities SORP, anti-bribery legislation and employment law; 

- We communicated relevant laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit; 

- We understood how the Charity is complying with those legal and regulatory frameworks by making enquiries of management. We corroborated our enquiries through our review of management accounts 

7 



## **Burton Albion Community Trust** 

## **(A company limited by guarantee)** 

**Independent auditors' report to the members of Burton Albion Community Trust** 

- We assessed the susceptibility of the Charity’s financial statements to material misstatement, including how fraud might occur by meeting with employees from different parts of the business to understand where it is considered there was susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage surplus and restricted/unrestricted funds. We considered the programs and controls that the Charity has established to address risks identified, or that otherwise prevent, deter and detect fraud; and how senior management monitors those programs and controls. Where the risk was considered to be higher, we performed audit procedures to addressed identified fraud 

- Our audit procedures involved: journal entry testing, with a focus on grant income and journals indicating large or unusual transactions based on our understanding of the business and enquiries of management. In addition, we completed audit procedures to conclude on the compliance of disclosures in the annual report and accounts with applicable financial reporting requirements; 

- Assessment and appropriateness of the collective competence and capabilities of the engagement team included consideration of the engagement team’s: 

   - Understanding of, and practical experience with audit engagements of a similar nature and complexity through appropriate training and participation 

   - Knowledge of the industry in which the client operates 

   - Understanding the legal and regulatory requirements specific to the entity including: 

   - The provisions of the applicable legislation 

   - The regulators rules and related guidance, including guidance issued by relevant authorities that interprets those rules 

   - The applicable statutory provisions. 

- We did not identify any matters relating to non-compliance with laws and regulations or relating to fraud. 

- In assessing the potential risks of material misstatement, we obtained an understanding of: 

- The entity’s operations, including the nature of its funding sources, products and services and of its objectives and strategies to understand classes of transactions, account balances, expected financial statement disclosures and business risks that may result in risks of material misstatement. 

   - The entity’s control environment, including policies and procedures implemented to comply with the entity’s relevant regulatory requirements, including the adequacy of procedures for authorisation of transactions, internal review procedures over the entity’s compliance with regulatory requirements and procedures to ensure that possible breaches of requirements are appropriately investigated and reported. 

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. 

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company’s internal control. 

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees 

- Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. 

8 



## **Burton Albion Community Trust** 

## **(A company limited by guarantee)** 

## **Independent auditors' report** 

## **to the members of Burton Albion Community Trust** 

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view). 

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 

## **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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed. 

Daniel Johnson FCCA (Senior Statutory Auditor) for and on behalf of Nuvo Audit Limited Accountants and Statutory Auditors 

7 Faraday Court First Avenue Burton upon Trent Staffordshire DE14 2WX 

Date: 23 May 2024 

9 



## **BURTON ALBION COMMUNITY TRUST** 

## **(A company limited by guarantee)** 

**STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) for the year ended 31 August 2024** 

|**_Notes_**<br>**INCOMING RESOURCES**<br>Incoming resources from generated funds:<br>Voluntary income<br>_14_<br>Incoming resources from charitable activities<br>**TOTAL INCOMING RESOURCES**<br>**RESOURCES EXPENDED**<br>Charitable activities<br>Governance costs<br>**TOTAL RESOURCES EXPENDED**<br>**NET SURPLUS/(DEFICIT) FOR THE YEAR**<br>**MOVEMENT IN TOTAL FUNDS FOR THE YEAR**<br>Total funds at 1 September 2023<br>Net surplus/(deficit for the year<br>**TOTAL FUNDS AT 31 August 2024**|**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>259,650<br>573,935<br>833,585<br>948,153<br>8,040<br>956,193<br>(122,608)<br>382,038<br>(122,608)<br>259,430|**Restricted**<br>**funds**<br>**2024**<br>**£**<br>-<br>883,294<br>883,294<br>915,434<br>-<br>915,434<br>(32,140)<br>-<br>(32,140)<br>(32,140)|**Total**<br>**funds**<br>**2024**<br>**£**<br>**259,650**<br>**1,457,229**<br>**1,716,879**<br>**1,863,587**<br>**8,040**<br>**1,871,627**<br>**(154,748)**<br>**382,038**<br>**(154,748)**<br>**227,290**|**Total**<br>**funds**<br>**2023**<br>**£**<br>172,732<br>1,546,281<br>1,719,013<br>1,861,749<br>8,040<br>1,869,789<br>(150,776)<br>532,814<br>(150,776)<br>382,038|
|---|---|---|---|---|



The notes on pages 12 to 18 form part of these financial statements. 

10 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) BALANCE SHEET as at 31 August 2024** 

|**_Notes_**<br>**FIXED ASSETS**<br>**Tangible assets**<br>_11_<br>**CURRENT ASSETS**<br>**Debtors**<br>_12_<br>**Cash at bank and in hand**<br>**CREDITORS: amounts falling**<br>**due within one year**<br>_13_<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS**<br>**CURRENT LIABILITIES**<br>**NET ASSETS**<br>**CHARITY FUNDS**<br>**Unrestricted funds**<br>15<br>**Restricted funds**<br>16<br>**Sinking fund**<br>**TOTAL FUNDS**|**2024**<br>**£**<br>**47,829**<br>**47,829**<br>**121,057**<br>**309,779**<br>**430,836**<br>**(251,375)**<br>**179,461**<br>**227,290**<br>**227,290**<br>**172,840**<br>**(68,550)**<br>**123,000**<br>**227,290**|**2023**<br>**£**<br>67,881<br>67,881<br>108,968<br>443,174<br>552,142<br>(237,985)<br>314,157<br>382,038<br>382,038<br>213,717<br>77,071<br>91,250<br>382,038|
|---|---|---|



The financial statements were approved by Trustees on 22 August 2024 and signed on their behalf, by: 

|..........................................................|..........................................................|
|---|---|
|P Pusey|C B Robinson|
|Chairman|Trustee|



11 



## **Burton Albion Community Trust Cash Flow Statement for the year ended 31 August 2024** 

|**Cash generated from operations**<br>Operating profit<br>Reconciliation to cash generated from operations:<br>Depreciation<br>(Increase)/Decrease in debtors<br>Increase/(Decrease) in creditors<br>**Application of cash**<br>Purchase of tangible fixed assets<br>**Net increase/(decrease) in cash**<br>Cash at bank and in hand at 1 September<br>**Cash at bank and in hand less overdrafts at 31 August**<br>Consisting of:<br>Cash at bank and in hand|**2024**<br>**£**<br>(154,748)<br>22,473<br>(12,089)<br>13,390<br>(130,974)<br>(2,420)<br>(2,420)<br>(133,394)<br>443,174<br>309,780<br>309,779<br>309,779|**2023**<br>**£**<br>93,494<br>11,671<br>1,477<br>85,321<br>191,963<br>(41,240)<br>(41,240)<br>150,723<br>292,451<br>443,174<br>443,174<br>443,174|
|---|---|---|



12 



**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## **1 ACCOUNTING POLICIES** 

## _**Basis of preparation**_ 

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 

Burton Albion Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £000. 

The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated. 

## _**Reconciliation with previous generally accepted practice**_ 

In preparing these accounts, the Trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. 

No restatements were required. 

## _**Company status**_ 

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10.00 per member of the company. 

## _**Fund accounting**_ 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

## _**Incoming resources**_ 

13 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

All incoming resources are included in the Statement of financial activities when the company has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. 

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. 

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 

14 



**BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## _**Grants**_ 

Grants are recognised in full when the charity has an unconditional entitlement to the income. Grants are deferred to the extent of the progress of a stipulated performance target or if the conditions of a grant are outside the charity's control. 

## **1 ACCOUNTING POLICIES (continued)** 

## _**Resources expended**_ 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. 

Governance costs are those incurred in connection with administration of the company and compliance with constitutional and statutory requirements. 

All resources expended are inclusive of irrecoverable VAT. 

## _**Going concern**_ 

The Trustees have considered the requirements of the company for a period of 12 months from the date of the approval of these financial statements. 

## _**Depreciation**_ 

All assets costing more than £1,000 are capitalised. 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: 

Motor vehicles 15% Straight Line Office equipment 25% Straight Line 

## _**Taxation**_ 

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

## _**Pensions**_ 

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. 

15 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

|Turnover attributable to geographical markets outside the UK<br>**2**<br>**VOLUNTARY INCOME**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Donations<br>**259,650**<br>**-**<br>Grants<br>**-**<br>**-**<br>Voluntary income<br>**259,650**<br>**-**<br>**3**<br>**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Community activities<br>**573,935**<br>**883,294**<br>**4**<br>**GOVERNANCE COSTS**<br>**Unrestricted**<br>**Restricted**<br>**funds**<br>**funds**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Audit fees<br>**4,500**<br>**-**<br>Accountancy fees<br>**3,540**<br>-<br>**8,040**<br>**-**<br>**5**<br>**DIRECT COSTS**<br>**Community**<br>**activities**<br>**2024**<br>**£**<br>Facility Hire<br>**69,188**<br>Community Football Centre Rent<br>**30,000**<br>Travelling Expenses<br>**14,588**<br>Marketing<br>**14,455**<br>Equipment & Staff Uniforms<br>**42,870**<br>Training<br>**3,712**<br>Sundry Expenses<br>**14,776**<br>Management fees<br>**-**<br>Staff costs<br>**1,365,761**<br>Community Activity Expenses<br>**68,258**<br>**1,623,608**|**0.0%**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**259,650**<br>**-**<br>**259,650**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**1,457,229**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**4,500**<br>**3,540**<br>**8,040**<br>**Total**<br>**funds**<br>**2024**<br>**£**<br>**69,188**<br>**30,000**<br>**14,588**<br>**14,455**<br>**42,870**<br>**3,712**<br>**14,776**<br>**-**<br>**1,365,761**<br>**68,258**<br>**1,623,608**|0.0%<br>Total<br>funds<br>2023<br>£<br>171,741<br>991<br>172,732<br>Total<br>funds<br>2023<br>£<br>1,546,281<br>Total<br>funds<br>2023<br>£<br>3,300<br>4,740<br>8,040<br>Total<br>funds<br>2023<br>£<br>37,812<br>30,000<br>26,308<br>33,018<br>29,675<br>30,753<br>12,600<br>120,137<br>1,352,524<br>77,076<br>1,749,903|
|---|---|---|



16 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## **6 SUPPORT COSTS** 

|**Community**<br>**activities**<br>**2024**<br>**£**<br>Premise Expenses<br>**51,775**<br>Telephone & IT costs<br>**29,574**<br>Postage, Stationery and Photocopying<br>**5,416**<br>Bank Charges<br>**5,076**<br>Repairs and Renewals<br>**270**<br>Professional Fees and Subscriptions<br>**93,645**<br>Sinking fund<br>**31,750**<br>Depreciation<br>**22,473**<br>**239,979**<br>**ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**<br>**Staff costs**<br>**Depreciation**<br>**Other costs**<br>**2024**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**£**<br>Community activities<br>**1,365,761**<br>**22,473**<br>**467,313**<br>Governance<br>**-**<br>**-**<br>**8,040**<br>**1,365,761**<br>**22,473**<br>**475,353**<br>**ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**<br>**Direct**<br>**activities**<br>**Support**<br>**costs**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>Community activities<br>1,623,608<br>239,979|**Total**<br>**funds**<br>**2024**<br>**£**<br>**51,775**<br>**29,574**<br>**5,416**<br>**5,076**<br>**270**<br>**93,645**<br>**31,750**<br>**22,473**<br>**239,979**<br>**Total**<br>**2024**<br>**£**<br>**1,863,587**<br>**8,040**<br>**1,871,627**<br>**Total**<br>**2024**<br>**£**<br>1,863,587|Total<br>funds<br>2023<br>£<br>33,354<br>21,490<br>14,302<br>4,996<br>518<br>85,191<br>(65,000)<br>16,995<br>111,846<br>Total<br>2023<br>£<br>1,861,749<br>8,040<br>1,869,789<br>Total<br>2023<br>£<br>1,861,749|
|---|---|---|



## **7 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE** 

## **8 ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES** 

17 



## **BURTON ALBION COMMUNITY TRUST** 

## **(A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

|**9**<br>**NET INCOMING / (OUTGOING) RESOURCES**<br>This is stated after charging:<br>Depreciation of owned fixed assets<br>Auditors' remuneration<br>There was not any remuneration, benefits in kind or reimbursement of <br>during the year. (2023: £nil)|**2024**<br>**2023**<br>**£**<br>**£**<br>**22,473**<br>16,996<br>**4,500**<br>3,300<br> expenses paid to Trustees|
|---|---|



|**10 STAFF COSTS**<br>**2024**<br>**£**<br>Wages and salaries<br>1,365,761<br>The average monthly number of employees during the year was as follows:<br>**2024**<br>**No.**<br>Charitable activities<br>65<br>65|**2023**<br>**£**<br>1,352,524<br>**2023**<br>**No.**<br>62<br>62|
|---|---|



No employee received remuneration amounting to more than £60,000 in either year. 

## **11 TANGIBLE FIXED ASSETS** 

|**Cost**<br>At 1 September 2023<br>Additions<br>**At 31 August 2024**<br>**Depreciation**<br>At 1 September 2023<br>Charge for the year<br>**At 31 August 2024**<br>**Net book value**<br>**At 31 August 2024**<br>At 31 August 2023|**Motor**<br>**vehicles**<br>**£**<br>40,824<br>-<br>40,824<br>14,784<br>5,039<br>19,823<br>21,001<br>26,040|**Office**<br>**Equipment**<br>**£**<br>88,766<br>2,420<br>91,186<br>46,924<br>17,434<br>64,358<br>26,828<br>41,842|**Total**<br>**£**<br>129,590<br>2,420<br>132,010<br>61,708<br>22,473<br>84,181<br>47,829<br>67,882|
|---|---|---|---|



18 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

|**12 DEBTORS**<br>Trade debtors<br>Other debtors<br>Amounts due after more than one year included above<br>**13 CREDITORS: Amounts falling due within one year**<br>Trade creditors<br>Other taxes and social security costs<br>Other creditors and deferred income<br>**14 ANALYSIS OF FUNDS**<br>**Brought**<br>**forward**<br>**Incoming**<br>**Resource**<br>**£**<br>**£**<br>General funds<br>213,717<br>833,585<br>**Restricted funds**<br>Restricted funds<br>77,071<br>883,294<br>Sinking fund<br>91,250<br>-<br>**At 31 August 2024**<br>**382,038**<br>**1,716,879**|**Resource**<br>**Expended**<br>**£**<br>(956,193)<br>(915,434)<br>-<br>**(1,871,627)**|**2024**<br>**£**<br>**35,706**<br>**85,351**<br>**121,057**<br>**-**<br>**2024**<br>**£**<br>**19,777**<br>**17,545**<br>**214,053**<br>**251,375**<br>**Transfers**<br>**£**<br>81,731<br>(113,481)<br>31,750<br>**-**|**2023**<br>**£**<br>34,739<br>74,229<br>108,968<br>-<br>**2023**<br>**£**<br>19,854<br>21,132<br>196,999<br>237,985<br>**Closing**<br>**Balance**<br>**£**<br>172,840<br>(68,550)<br>123,000<br>**227,290**|
|---|---|---|---|



## **15 ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|**Unrestricted**<br>**funds**<br>**2024**<br>**£**<br>Tangible fixed assets<br>**47,829**<br>Current assets<br>**385,906**<br>Creditors due within one year<br>**(251,375)**<br>**182,360**|**Restricted**<br>**funds**<br>**2024**<br>**£**<br>**-**<br>**44,930**<br>**-**<br>**44,930**|**Total**<br>**funds**<br>**2024**<br>**£**<br>**47,829**<br>**430,836**<br>**(251,375)**<br>**227,290**|**Total**<br>**funds**<br>**2023**<br>**£**<br>67,881<br>552,142<br>(237,985)<br>**382,038**|
|---|---|---|---|



19 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 August 2024** 

## **16 RESTRICTED FUNDS ANALYSIS** 

|Health and wellbeing<br>Education and employability<br>Football in the community<br>Community engagement<br>Facilities<br>Core<br>**Total**|**Brought**<br>**forward**<br>**£**<br>39,079<br>12,917<br>-<br>25,075<br>-<br>-<br>**77,071**|**Incoming**<br>**Resource**<br>**£**<br>255,864<br>331,352<br>29,403<br>129,006<br>54,600<br>83,068<br>**883,293**|**Resource**<br>**Expended**<br>**£**<br>276,378<br>343,487<br>27,978<br>154,081<br>54,600<br>58,910<br>**915,434**|**Closing**<br>**Balance**<br>**£**<br>18,565<br>782<br>1,425<br>-<br>-<br>24,158<br>**44,930**|
|---|---|---|---|---|



The balance on the restricted funds as at 31 August 2024 represents unspent income which will be utilised in the forthcoming months. 

All the grants received are to deliver projects against agreed aims and objectives. 

|**17 ANALYSIS OF CASH EQUIVALENTS**<br>**2024**<br>**£**<br>Cash at bank and in hand<br>**309,779**<br>**Total**<br>**309,779**<br>**18 OTHER COMMITMENTS**<br>**2024**<br>**£**<br>Not later than one year<br>**7,502**<br>**625**<br>**8,127**<br>The total of future minimum lease payments under non-cancellable operating leases are a<br>Later than one year and not later than five years|**2023**<br>**£**<br>443,174<br>443,174<br>**2023**<br>**£**<br>7,502<br>8,127<br>15,629<br>s follows:|
|---|---|



## **19 RELATED PARTY TRANSACTIONS** 

During the year the charity was charged VAT inclusive rent of £30,000 (2023: £30,000) for the use of the community facilities and 3G pitches by Albion Football Club (Burton-on-Trent) Limited (The). This transaction is considered to be at arms length and has been enforced by HMRC. 

During the year the charity was charged VAT inclusive management and facilities charge of £nil (2023: £120,137) for the use of the clubs facilities provided by Albion Football Club (Burton-on-Trent) Limited (The). This transaction is considered to be at arms length. 

During the year the charity was charged VAT inclusive hospitality costs of £31,434 (2023: £34,453) for matchday tickets and hospitality provided by Albion Football Club (Burton-on-Trent) Limited (The). This transaction is considered to be at arms length. 

## **20 CONTROLLING PARTY** 

The company is controlled by the Board of Trustees. 

20 



## **BURTON ALBION COMMUNITY TRUST (A company limited by guarantee) DETAILED PROFIT AND LOSS ACCOUNT for the year ended 31 August 2024** 

|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**2024**<br>**2024**<br>**2024**<br>**£**<br>**VOLUNTARY INCOME**<br>Donations<br>**259,650**<br>**-**<br>**259,650**<br>Grants (incl CJRS)<br>**-**<br>**-**<br>**-**<br>**259,650**<br>**-**<br>**259,650**<br>**INCOMING RESOURCES FROM CHARITABLE ACTIVITIES**<br>Community activities<br>**573,935**<br>**883,294**<br>**1,457,229**<br>**573,935**<br>**883,294**<br>**1,457,229**<br>**Community**<br>**Activities**<br>**Total**<br>**2024**<br>**2024**<br>**£**<br>**£**<br>**GOVERNANCE COSTS**<br>Audit fees<br>**4,500**<br>**4,500**<br>Accountancy fees<br>**3,540**<br>**3,540**<br>**DIRECT COSTS**<br>Facility Hire<br>**69,188**<br>**69,188**<br>Community Football Centre Rent<br>**30,000**<br>**30,000**<br>Travelling Expenses<br>**14,588**<br>**14,588**<br>Marketing<br>**14,455**<br>**14,455**<br>Equipment & Staff Uniforms<br>**42,870**<br>**42,870**<br>Training<br>**3,712**<br>**3,712**<br>Sundry Expenses<br>**14,776**<br>**14,776**<br>Management fees<br>**-**<br>**-**<br>Staff costs<br>**1,365,761**<br>**1,365,761**<br>Community Activity Expenses<br>**68,258**<br>**68,258**<br>**SUPPORT COSTS**<br>Premise Expenses<br>**51,775**<br>**51,775**<br>Telephone & IT costs<br>**29,574**<br>**29,574**<br>Postage, Stationery and Photocopying<br>**5,416**<br>**5,416**<br>Sundry Expenses<br>**-**<br>**-**<br>Bank Charges<br>**5,076**<br>**5,076**<br>Repairs and Renewals<br>**270**<br>**270**<br>Professional Fees and Subscriptions<br>**93,645**<br>**93,645**<br>Sinking fund<br>**31,750**<br>**31,750**<br>Depreciation<br>**22,473**<br>**22,473**<br>**1,871,627**<br>**1,871,627**<br>**NET SURPLUS**<br>**(154,748)**|**Unrestricted**<br>**funds**<br>**Restricted**<br>**funds**<br>**Total**<br>**2023**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>**£**<br>171,741<br>-<br>171,741<br>991<br>-<br>991<br>172,732<br>-<br>172,732<br>506,466<br>1,039,815<br>1,546,281<br>506,466<br>1,039,815<br>1,546,281<br>**Community**<br>**Activities**<br>**Total**<br>**2023**<br>**2023**<br>**£**<br>**£**<br>3,300<br>3,300<br>4,740<br>4,740<br>37,812<br>37,812<br>30,000<br>30,000<br>26,308<br>26,308<br>33,018<br>33,018<br>29,675<br>29,675<br>30,753<br>30,753<br>12,600<br>12,600<br>120,137<br>120,137<br>1,352,524<br>1,352,524<br>77,076<br>77,076<br>33,354<br>33,354<br>21,490<br>21,490<br>14,302<br>14,302<br>-<br>-<br>4,996<br>4,996<br>518<br>518<br>85,191<br>85,191<br>(65,000)<br>(65,000)<br>16,995<br>16,995<br>**1,869,789**<br>**1,869,789**<br>(150,776)|
|---|---|



21 



## **Burton Albion Community Trust** 

**Year ended 31[st] August 2024** 

**Audit Findings Report** 




**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **Contents** 

- 1 Executive summary 

- 2 Review of the year 

- 3 Accounting policies and estimates 

- 4 Key matters arising during the course of the audit 

- 5 Fraud 

- 6 Internal controls 

- 7 Related party transactions 

- 8 Ethical considerations 

- 9 Summary of unadjusted differences 

- 10 Outstanding matters 

Appendix A – Summary of unadjusted differences 

_**This report has been prepared for the sole use of the trustees and must not be shown to third parties without our prior consent.  No responsibilities are accepted by Nuvo Audit Limited towards any party acting or refraining from action as a result of this report.**_ 




**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **1 Executive Summary** 

The purpose of this report is to update the management of Burton Albion Community Trust and to meet the requirements of International Standard in Auditing (UK & Ireland) 260. 

The matters dealt with in this report came to our attention during the course of our normal audit procedures which are primarily designed for the purpose of expressing our opinion on the financial statements of the Trust. 

Our audit work is complete, subject to the outstanding matters, which have been summarised in Section 9.  We expect a clean audit report subject only to no matters arise from completion of the outstanding work. 

## **2 Review of the year** 

Overall income for the Trust has been maintained at £1.7m. However, resources expended has also stayed stable at £1.65m resulting in another deficit for the 2024 financial year of £154k (2023: £150k). This has had a significant impact on the Trusts reserves available for future periods. The community trust is now completing more and more initiatives as it gains momentum in the local community. The trust offers something for everyone being young or old, able bodied or not which makes it the hub of the community, especially during covid where the trust has been pivotal in the care of elderly and vulnerable people within the community. 

Key costs for the year were: 

Staff costs £1,365,761 (2023: £1,352,524), this is 73% of total expenditure. Given the increase in national insurance coming in 2024/25 we can expect this to increase further next year unless actions are taken to reduce staffing levels. 

Management fees £nil (2023: £120,137). These costs were charges from BAFC for 2022-2024. 

Sinking fund £31,750 (2023: (65,000)). Last year the sinking fund was adjusted based on a new expected life of the pitches and the expected costs to replace. 




**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **3 Accounting policies** 

A review of the key accounting policies for the Trust has been undertaken.  We consider the policies to be appropriate and effective and in accordance with current UK accounting standards. 

## **Income recognition** 

_We consider the policy to be appropriate and effective and in accordance with UK accounting standards and have noted no issues with the application of this policy._ 




**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **4. Key matters arising during the course of the audit** 


**----- Start of picture text -----**<br>
Matters arising  Resolution and follow up  Management Responses<br>With the repeated deficit and incoming increase to  What plans have been made to turn around the<br>employment costs, going concern is becoming a  deficit?<br>key issue for the Trust.  What has been put in place to ensure that the trust<br>is a going concern in the future?<br>**----- End of picture text -----**<br>





**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **5 Fraud** 

It is the trustees’ responsibilities to design and implement internal control systems to prevent and detect fraud and error, and to assess the risk that the financial statements may be misstated as a result of fraud. An internal control system will not completely eliminate the risk of a fraud occurring however it should be such that if a fraud does occur this can be identified at an early stage such that any possible loss to the business is minimised. 

We have not become aware of any instances of fraud during the course of our audit and no such matters have been reported to us by management. 

## **6 Internal controls** 

It is the responsibility of management to maintain adequate controls and procedures to ensure that the business objectives can be met and those risks to the Trust are minimal.  It is the Trustees’ responsibilities to design and implement internal control systems to prevent and detect fraud and error, to safeguard the assets of the Trust and to assess the risk that the financial statements may be misstated as a result of fraud. 

The most effective form of control is segregation of duties; however given the size of the Trust it is not practical to have full segregation of duties to satisfactorily reduce the risks of error, mistakes or omissions. The systems of control are therefore heavily reliant on the direct involvement of management to minimise exposure to such risks. Management needs to ensure that appropriate authorisation processes are in place and that adequate financial information is available to them and that they actively review this on a regular basis to enable any errors or problems to be identified and followed up on a timely basis. 

Management is considered to comprise the Head of Community & Trustees of the charity. For each process which requires management review or authorisation, the most appropriate Trustee to carry this out will be the one with the greatest knowledge of that area of the business. However the system also needs to be practical and flexible enough to allow the business to operate effectively. 

Any issues identified during the course of the audit have been noted above in note 4. These matters came to light during the course of our normal audit tests which are designed to assist us in forming our opinion on the financial statements and are not necessarily designed to disclose all errors or weaknesses in control systems and should not be relied to do so. However, where as part of our work, we identify any control weaknesses we will report these to you. 




**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **7 Related party transactions** 

During our audit, we did not identify any related party transactions other than those with Burton Albion Football Club & companies under common control. These have been correctly disclosed within the financial statements and appeared to be at an arm’s length basis. 

## **8 Ethical consideration** 

## Provision of non-audit services 

Under the APB Ethical Standards, the provision of audit and non-audit services to you by Nuvo Audit Limited (Nuvo) gives rise to a potential threat to independence.  The following table shows how the threats to this independence are protected against: 

|**Work Done**<br>Preparation of statutory accounts<br>Proposing adjusting journals|**Threat to Independence**<br>Self-review<br>Management|**Safeguard**<br>Nuvo prepare the accounts and using the Management Accounts provided<br>which involves inputting the figures into our accounts software and<br>generating the statutory accounts.<br>The accounts and adjusting journals are all to be discussed with informed<br>management before finalising the accounts.|
|---|---|---|






**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **9 Summary of unadjusted differences** 

The auditor is required to communicate all misstatements which we identified as a result of our audit process and which were not adjusted, other than those considered to be clearly trivial in size or nature, to the Trust’s management. Trivial was deemed to be £925 based on the management accounts and trial balance as at 31 August 2024. 

Our audit approach is based on consideration of audit materiality. We determine materiality for the purpose of the Trust’s statutory reporting by our judgment as to what adjustments would influence the reader’s perception of the financial statements. We do not therefore seek to review all immaterial amounts. 

The aggregate impact of factual unadjusted misstatements on the statement of financial activities were they to be processed, would result in an increase in deficit of £8,887. 

The aggregate impact of factual & projected unadjusted misstatements on the profit and loss account were they to be processed, would result in an increase in deficit of £nil. 

## **10 Outstanding matters** 

Outstanding matters consist of: 

1. Letter or representation 

2. Going concern assessment 

## **11 Future legislation changes to note** 

Nothing to note at this point 




**Burton Albion Community Trust Audit Findings Report Year Ended 31[st] August 2024** 

## **Appendix A – Schedule of non-trivial unadjusted errors.** 


**----- Start of picture text -----**<br>
Misstatements<br>Nature of misstatement &  Audit  Amount of actual / potential  Unadjusted  Unadjusted  Effect on<br>circumstances of its occurrence  Sch.  misstatement  P&L Effect  B/S Effect  Audit /<br>Ref .  £  £  Action [1]<br>Factual  Judgment  Projected<br>£  £  £<br>Capitalise crowd control barrier  1,350  -  -  (1,350)  1,350  -<br>Reverse old accruals for 3G pitch expenses<br>7,537  -  -  (7,537)  7,537  -<br>and events costs<br>**----- End of picture text -----**<br>