KENSINGTON DRAGONS FOOTBALL CLUB LIMITED (Company Limited by Guarantee) Company Number.. 07720188 Reglstered Charity Number: 1144887 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st AUGUST 2020
Kensington Dragons Football Club Limited TRUSTEES Resigned 29 February 2020 Martin Murphy Carlo Pirzii>Biroli Chris Shirley Michael Clancy Gabrielle Tiemey Palmira Morals Alex Schneideman Apwnled 17 September 2018 Appointed 17 September 2018 COMPANY NUMBER 07720188 CHARITY Nuf•lBER 1144887 REGISTERED OFFICE 90 Clarendon Road London W112HR INDEPENDENT EXAMINERS Moore Kingston Smith LLP Devonshire House 60 Goswell Road London EC1M 7AD BANKERS HSBC Bank plc 25 Notting Hill Gate London W113JJ Page.. 1
Kensington Dragons Football Club Limited Trustees. Report For the year ended 31st August 2020 The Trustees present the report and financial statements for the year ended 31st August 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applieable in the UK and Republic of Ireland issued in July 2014. Constltutlon Kensington Dragons Football Club is a registered charity, number 1144887, and a company limited by guarantee, number 07720188. It was in¢orporaled on 27th July 2011. The cIub is governed by its Memorandum and Articles of Association. Trustees The trustees throughout the period we.. Peter Chapman Resigned 29 February 2020 Chris Shirley Martin Murphy Caflo Pirzio-Biroli Michael Clancy Gabrielle Tierney Palmira Morals Alex Schneideman Appointed 17 September 2018 Appointed 17 September 2018 Objects The principal objects of the club are to promote community participation ol, primarily, children and young people regardless of race, sex, creed, financial means or gocial and economic cir¢umslances in healthy recreation in particular by the provision of facilities for the playing of association football and other sports capable of improving health. The club also aims lo advonce the education of children and young people so that they might grow to maturity as individuals, Ixome responsible members of society and their conditions of lile may be improved. Public Benefit In shaping our objectives for the year and planning our a¢tivities. the Iruslees have considered the Charity Commission's guidance on public benefil, including the guidance 'public benefit.. running a charity IPB21'. The trustees confimi that they have complied with the duly in section 17 of the Charities Act 201110 have due regard to public benefit guidance published by the Charity Commission. Activltles and Finanelal Results The 2019120 year was unusual. Having ballled though the cold of the °Beast from the East. the previous season the Club found itself battling through the wellest year almost since records began. Then, just as we approached the normal end of the season, brought lo an abrupt hall by'the Coronavirus IcLkd¢vm. Despite the difficulties hmver the club was able lo provide training, competitive matches, and educalional opportunities for young people. During the year, the Club maintained ils highly soughl-aller slalus of being a FA Charter Standard Community Club. A level only achieved by less than the len percent of clubs who can demonslrale the most advan level of development and football provision The Educational and Training program continued with particular emphasis on assisting the coaches progress their FA courses and the Club fulfil the requirements to retain ils standard charted accreditation. The Club's PIcY remains to impress on the players the importance of èyucation and training. Page: 2
Kensington Dragons Football Club Limited Trustees. Report For the year ended 31st August 2020 A FA Safegarding cour9e for Managers and Coaches was held successfilly in person before the Covid lockdown. As part of the Club's Caer opportunities program a Smartphone Journalism course delivered by a BBC sports journalist, was held over Zoom. The participants produced their own videos which were then 5h¢Thed to the wder club. After the pre$eawn training session and friendly matches, the formal season started in Septem1 2019 th an Under 10 Training Squad. a new U11 Boys Team and a new U11 Girfs Team. The remaining teams moved up an age group to Under 12 Boys. Under 12 Girts, Under 13 Boys, Under 14 Boys, Under 14 Girls, Under 16 Boys, UrKler 17 Boys teams, a Senior Reserves Team and a First Team. This was the fi'rst year that the Club had been aNe to field three Girls teams, making it one of the bigger clubs in central London for the provision of girls, football. The Under 11 Boys team a$ entered in the Harrcw Soccer Combinats'on League,. the Boys youth teams in the Harrow Youth Football League and the Girls, teams in the Capilal Girls League. The First Team continues in the Premiership of the Middlesex Counly Fcotball League and the Reserves in the Saturday combination League. All the teams trained regularly and played their League and Cup matches. Every team had their successes but also the inevitable disappointments- les90ns that are often more important lo personal development. The biggest learning curve was for the new Under 11 Boys and the new Under 11 Girls who vftre playing their first competitive league matches. The Club's policy is to impress on the players that the wint of playing the matches is to enjoy the experience and to learn lessons to improve. The Girts Under 11 s their first match on 18 January and were absolutely delighted. They had gone from a group of girls from wdely different backgrounds, who did not know each other, to a team that could ¥Mn matches. The Boys Under 11s similarly started as a disparate group who startlingly won their first match on 24 November by a large margin. The elder teams all had a solid season with the Seniors developing into strong, successful sides and the Under 17 Boys heading towards league and cup wns. Just as the season was heading for an exciting end the unfolding Coronavirus epidemic lead lo a lockdown. The challenge for the Club remains securing good quality local facilities to run ils training sessions and aclivilies. The TnJ8tees have rqected the option of securing grounds out of West London as its objective is to work wth young people in the local community lo promote community participation. The Club again devoted another year negotiating wlh the London Borough of Hammersmith and Fulham to improve facilities at the Linford Christse Stadium. During the year the rlub's income vms generated mainly from donations, 9ranls and sponsorship5. Particular thanks musl be expressed for the support given by the John Lyon's Charity, The Clarendon Group and the Patrons. The activities and linancial results for the year are as shown in the accounts. Page.. 3
Kensington Dragons Football Club Limitsd Trustees. Report For the year ended 31st August 2019 Reserves Pollcy 11 is the largel of the Kensington Dragons Football Club Ltd to rnainlain unrestricted funds at a sufficient level lo cover management and admiTllStration costs for al least one year which is estimated lo be £85,OCrfJ. As at 31st August 2020 the club had reserves of £49,594, all of which We unrestricted. The Trustees note that the reserves are below the target and Mll fund raise over the next years to increase the serveS to the target level. Statsment of Tru$tee8' Responsibilities The trustees (who a also ditOrS of the club 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 Accounts'ng Pra¢ticel. Company law requires the trustees to prepare financial statements for each financial year [Ch give a true and fair view of the stale of the affairs of the charitable company and of the Incoming resources and application of resources. including the income and exFenditure, of the charitable company for that period. In preparing these financial statement5, the trustees are required lo.. 59lecl suitable cOUntIng p)licies and then apply them consistently., comply wth applicable accounting stsndards. including FRS 102, subject to any material departures disclosed and explained in the financial stalemenls,. stale whether a Statement of Recommended Practice {SORPI applies and has been followed, subject to any material departures Nthich are explained in the financial statements., make judgements and estimates that are reasonable and prudent.. prepare the financial ststements on the going concern basis unless it is inappropriate lo presume that the charitable company wll continue in bugness. The trustees are respjnsble for keeping proper accounting records that disclose with Teasonable aCcUrY at any lime the financial position of the charitable company and enable them lo ensure Ihal the financial statements comply with the Companies Act 2006. They are also spOnSible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance wlh the SFecial wovisions of Part 15 of the Companies Act 20CE relating lo small companies. On behalf of th• Trusts•s C Shirley Chairnan Date. Page.. 4
Independent Examiner's Report to the Trustees of Kensington Dragons Football Club Limited I report lo the charity Iru5tees on my examination of the accounts of the Company for the year ended 31st August 2020. Respon8lbllitie8 and basis of report As the charity's trustee5 of the Company land also ils directors for the purposes of company lawl you are responsible lor the preparation of the acccunts in accordance wlh the requiremen18 of the Companies Act 2006 I'the 2006 Acl'l. Having Satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51 Ib) of the 2011 Act. Independent Examlneff8 Statement I have eompleled my examination. I confirm that no mallers have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or 21 the accounts do not accord wlh those re¢ords,' or 3} the accounts do not comply with the accounting requirements of section 3g6 of the 2006 Aet other than any requirement that the accounls give a 'true and fair view which is not a matter considered as part of an independent examination., or 41 the accounts have not been prepared in accordance wlh the methods and principles of the Statement of Recommended Practice for a¢countsng and reporting by charities. I have no concerns and have cclne across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be ached. James Saunderg, FCCA DChA For and on behalf of Moore Kingston Smlth LLP Chartered Accountants Devonshire House 60 Goswell Road London EC1 M 7AD Date.. 9 April 2021 Page: 5
Kensington Dragons Football Club Limited Ststement of Financial Activities (incorporating the Income and Expenditure account) For the year ended 31st August 2020 2020 2020 Unrestrletgd Restrfct8d fund8 funds 2020 Total Funds 2019 Total Funds INCOME AND EXPENDITURE Nots Income from: Donations, sponsorships and grants Totsl in¢ome TT,010 77.010 77,010 77,010 146,601 146,601 Expendltur• Gharilable activities Totsl èxpenditure 93,283 93,283 97,587 97.587 93,283 93.283 Not Income and Movement In Funds 116.2731 {16.2731 49,014 Fund Balance brought f¢jrard 65,867 65,867 16.853 Fund Balance at 31 Augu8t 2020 49,594 49,594 65,867 Paje. 6
Kensington Dragons Football Club Limited Balance Sheet as at 31st August 2020 2020 2020 2019 2019 Note Current A8sets Debtors Cash at bank and in hand 495 52,099 68,463 52,594 68.463 Creditor¥: Amounts falling due twithin one year (3.0001 {2.596) Net Current Assets 49,594 65,867 Net Assèts 49,594 65,867 Funds Reslricled funds Unrestricted general fund5 49,594 65,867 49.594 65,867 The director5 Stale.. (al For the year ended 31 August 2020 the charitable company was entitled lo exemption from audit under Seotion 477 of the Companies Act 2C4A. (bl No notice from Trustees requiring an aLKJit has been deposited under Section 476 of the Companie5 Act 2006. {c} The attounls have been prepared in accordance with the Special provisions rdaling to small companies within Part 15 of the Companies Act 2006. Approved and authorised for issue by the Board on.. 8 April 2021 Signed on their tehalf by. Cshi ley Hon. Sec. Company Number: 07720188 Page. 7
Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2020 1 Accountlng Pollcles 1.1 8a808 of preparntion of financlal statements The financial statements have been prepared uler the historical cost convention. The financial statements have been prepared in accordance vAth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and therefore the Charity also pppared its financial statements in accordance with the Statement of Recommended Practice applicable to charitie5 preparing their COUnts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {The FRS 102 Charities SORPI. the Companies Act 2006 and the Charities Act 2011. The financial slalements a prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements a rounded to the nea51 pound. 1.2 Golng ¢oncem The Iru5tees have awssed ether the use of the going concem basis is appropriate and have considered possible events or conditions that might cast significant doubl on the ability of the charity lo continue as a gn9 concern. The trustees have made this assessment for a Fen'od of al least one year from the dale of approval of the financial statements. In particular the Iru5tees have considered the charity's forecasts and projections and have taken account of pressu5 on donation income. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going ¢oncem basis in preparing its financial slalements. In particular the trustees Considered the effect of Covid. The majority of the charity's activities are held in the open air so the extra co$ls of introducing social distancing, and other Covid prevention pr¢xediJres. are able lo be financed from its resources. 1.3 Income All income is included in the Statement of Financial Aets"vities when the club is entitled to the income, receipt is probable and the amount can be qLntIfIed Mth reasonable accuracy. Income received in advance is deferred where il would be repayable if conditions are not met in the future. 1.4 Expondlture All expenditure is COunted for on an accruals basis and is directly classified under the expendilu category to Nthich it relates. Support costs have been allocated to the chantable activity to %thich they relate. 1.5 Goveman¢e eo8ts Govemance costs include those costs incurred in the governance of the charity and are primarily associated wth conslitulional compliance and slatulory requirements. 1.6 Unrestricted lund8 These resources arise from income provided for unreslricled purposes and from accumulated surpluses and deficits in the operati¢Jns for charitable purposes and are expendable at the discretion of the Trustees. 1.7 Re8trlct•d funds Reslricled funds are funds which are to be us8J in accordan wth specific restrictions imposed by the donor. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call Nmth banks, other short-tem liquid investments with original maturities of three months or less. Page.. 8
Kensington Dragons Football Club Limited Notes to the Financial Ststements For the year ended 31 st August 2020 1 Accounllng Policlas Icontlnuod 1.9 Flnancial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Inslrumenls, of FRS 702 to all of ils financial instruments. Finanaal instruments are recognised in the charity's balance sheet when the harily becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the nel amounts presented in the financial slalements, sthen there is a legally enforceable right lo set off the recjniSed amounts and there is an intention to $8tt1e on a net basis or lo realise the asset and settle the liability simultaneously. With the exceptions of prepayments and deferred income all other debtor and creditor balan are Conside lo be basic financial instruments under FRS 102. 1.10 Key estlmates and ludgements In preparing financial statements it is necessary lo make certain judgement5, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the trustees in applying the aceounting policies adopted, no judgements were required that have a Significant effect on the amounts recognised in the financial statements nor do any eslim*es or assumptions made carry a signrficant risk of material adjustment in the next financial year. 2 Transactions with Trustses During the year, a total 01 £1,313 {2019'. £2,687) was paid on behalf of one trustee12019.. three) in relation to reimbursement of expenses. 3 Donatlon$. 8pon$orshlp8 and grants 2020 Unreslrlcted funds 2020 Re8trf¢téd funds 2020 Total Funds 2019 Total Funds Donations Sponsorships Grants 45,010 45,010 78,861 7.740 60.000 146.601 32,000 77,010 32,000 77,010 4 Exponditufe on charltable actlvltles 2020 Unr¢slricted funds 2020 Restrfctod funds 2020 Total Funds 2019 Total Fund8 Football activities 93,283 93,283 93,283 93.283 97.587 97,587 None of the charitable expenditure in 2019 related to restricted funds. The charity had no employees in the year to 31 August 202012019." none). Within unrestricted expenditure is £2,500 {2019'. £1,6251 paid to the independent examiner for the independenl examination of the financial statements. S Debtovg 2020 2019 Other debtors 495 495 Page.. 9
Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2020 6 Creditorn: Amounts falling due wlthin one year 2020 2019 Accruals 3.000 3,000 2,596 2,596 7 Fund8 Balance at 3110812019 Income Balance at 3110812020 Expendlture Transfe Unrestricted Funds 65,867 77.010 193.2831 49,594 Restricted funds lil Administrator fund Total Funds 65,867 77,010 193,2831 49,594 Balance at 3110812018 Balance at 3110812019 Inccme Expenditure Transfers Unrestricted Funds 16,853 146,601 197,5871 65,867 Restricted funds (i) Adminlstrator fund Total Funds 16.853 146,S01 {97,5871 85,867 8 Llmitsd Liablllty The charitable company is limited by guarantee and has no share capital. In the event of it wnding up the liability of each member is limited lo £1. 9 Relatod Party Transactlons The charity received UnstriCted donations from 1 trust tolalling £10,000 in the year to 31 August 2020 12019.. £25,000 from 3 trustees) and £nil Irom Clarendon Corwration Ltd. which is under the control of a trustee. in the year to 31 August 2020 {2019. £7,7401, The charity paid £nil to Murphy Dave Ahltects, lch is under the control of a trustee, in the year lo 31 August 202012019. £1, 1141. Page. 10
Kensington Dragons Football Club Limited Schedule of Expenditure For the year ended 31st August 2020 2020 2019 Feolball LeaguelAssocialion Fees & Fines Equipment & Kit Match costs inc. Coaching & Ref Fees Pitch Hire Fees Training Transport Events Medals & Trophies 2,850 6.194 39,041 26,112 3.132 7.013 32,541 24,052 30 451 3.923 534 774 10,625 750 441 400 579 13,145 2,160 Professional Fees PR Fees Insuran Fees Admin Fees Bank Charges Misc 12,950 322 490 132 93,283 97,587 Page.. 11