# **KENSINGTON DRAGONS FOOTBALL CLUB LIMITED (Company Limited by Guarantee)**
**Company Number: 07720188 Registered Charity Number: 1144887**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31st AUGUST 2022**
## **Kensington Dragons Football Club Limited**
## **TRUSTEES**
**TRUSTEES** Martin Murphy Carlo Pirzio-Biroli Chris Shirley Michael Clancy Gabrielle Tierney Palmira Morais Alex Schneideman **COMPANY NUMBER** 07720188 **CHARITY NUMBER** 1144887 **REGISTERED OFFICE** 90 Clarendon Road London W11 2HR **INDEPENDENT EXAMINERS** Moore Kingston Smith LLP 6th Floor 9 Appold Street London EC2A 2AP **BANKERS** HSBC Bank plc 25 Notting Hill Gate London W11 3JJ
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## **Kensington Dragons Football Club Limited Trustees' Report For the year ended 31st August 2022**
The Trustees present the report and financial statements for the year ended 31st August 2022. 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.
## **Constitution**
Kensington Dragons Football Club is a registered charity, number 1144887, and a company limited by guarantee, number 07720188. It was incorporated on 27th July 2011. The club is governed by its Memorandum and Articles of Association.
## **Trustees**
The trustees throughout the period were:
Martin Murphy Carlo Pirzio-Biroli Chris Shirley Michael Clancy Gabrielle Tierney Palmira Morais Alex Schneideman
## **Objects**
The principal objects of the club are to promote community participation of, primarily, children and young people regardless of race, sex, creed, financial means or social and economic circumstances 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 to advance the education of children and young people so that they might grow to maturity as individuals, become responsible members of society and their conditions of life may be improved.
## **Public Benefit**
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.
The trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.
## **Reserves Policy**
It is the target of the Kensington Dragons Football Club Ltd to maintain unrestricted funds at a sufficient level to cover management and administration costs for at least one year which is estimated to be £85,000. As at 31st August 2022 the club had reserves of £69,790, all of which were unrestricted. The Trustees note that the reserves are below the target and will fund raise over the next two years to increase the reserves to the target level.
## **Activities and Financial Results**
With the Covid lockdowns having disrupted the previous two seasons most teams started preseason training in August with the competitive matches starting in October rather than the customary September.
During the year, the Club again maintained its highly sought-after status of being a FA Charter Standard Community Club but knowing that the FA planned to make changes to the Charter Standard program to a system of accreditation.
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## **Kensington Dragons Football Club Limited Trustees' Report For the year ended 31st August 2022**
The Educational and Training program continued through the season with the Coaches’ Conferences being held again in person. Of particular note was the Soccer School run for Afghani refugees. With their elders looking on the young Afghanis were rushing from cone to cone in complicated drills that they soon mastered demonstrating that football is a universal language.
At the start of the 2021/22 season the Club fielded throughout the year an Under 10 Training Squad and a new U11 Boys Team; a new U11 Girls team with the remaining teams moving up an age group to Under 12 Boys, Under 12 Girls, Under 13 Boys, Under 13 Girls, Under 14 Boys, Under 14 Girls, Under 15 Boys, U 16 Girls; Under 17 Boys, Under 18 Boys teams, the senior Blues Team, the First Team and a new young adult team labelled the Old Dragonians. The Club had fielded five Girls teams, making it again one of the bigger clubs in central London for the provision of girls’ football. The Under 11 Boys team was entered in the Harrow Soccer Combination League; the Boys’ youth teams in the Harrow Youth Football League and the Girls’ teams in the Capital Girls League. The First Team continued in the Premiership of the Middlesex County Football League; the Blues in the Saturday Division Two League and the new Old Dragonians team in the Sunday League.
The teams trained regularly and played their League and Cup matches with inevitable mixed results. A highlight of the season was First Team playing in the Middlesex County Football League Cup Final against Clapton CFC. The Club hired a community coach to transport supporters to the neutral ground in Uxbridge. Somewhat inexplicably the Dragons allowed a 2-0 lead to become a 2-2 draw and then lost on penalties. Nevertheless, it was a great day out in the sunshine for the younger Dragons players and an encouragement for them to keep training and playing.
As in previous seasons there were no mandatory charges for players to join in the Club’s activities. The cost were met by voluntary donations and fundraising.
The challenge still remains for the Club to secure good quality local facilities to run its training sessions and activities. The Trustees have rejected the option of securing grounds away from West London as its objective is to work with young people in the local community to promote community participation. The Club again devoted another year to working with the Wormwood Scrubs Charitable Trust, the London Borough of Hammersmith and Fulham and the Royal Borough of Kensington and Chelsea to improve facilities.
During the year the club's income was generated mainly from donations, grants, and sponsorships. Thanks must be expressed for the support given by the John Lyon’s Charity, The Clarendon Group, Bective, the Grenfell Fund. The Grove Trust and the Patrons. The activities and financial results for the year are as shown in the accounts.
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## **Kensington Dragons Football Club Limited Trustees' Report For the year ended 31st August 2022**
## **Statement of Trustees' Responsibilities**
The trustees (who are also directors 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 Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the 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;
- comply with applicable accounting standards, including FRS 102, subject to any material departures disclosed and explained in the financial statements;
- state whether a Statement of Recommended Practice (SORP) applies and has been followed, subject to any material departures which are explained in the financial statements;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that 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.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
C Shirley Date: Chairman
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## **Independent Examiner's Report to the Trustees of Kensington Dragons Football Club Limited**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st August 2022.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
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 independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- 1) accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- 2) the accounts do not accord with those records; or
- 3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or
- 4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **James Saunders, FCCA DChA For and on behalf of Moore Kingston Smith LLP** Chartered Accountants
6th Floor 9 Appold Street London EC2A 2AP
Date: 30 May 2023
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## **Kensington Dragons Football Club Limited Statement of Financial Activities**
## **(incorporating the Income and Expenditure account) For the year ended 31st August 2022**
|**INCOME AND EXPENDITURE**
**Note**
**Income from:**
**3**
**Total income**
**Expenditure**
Charitable activities
**Total expenditure**
**4**
**Net Income and Movement in Funds**
**7**
**Fund Balance at 31 August 2022**
Donations, sponsorships and grants
Fund Balance brought forward|**2022**
**Unrestricted**
**Funds**
146,721|**2022**
**Restricted**
**Funds**
-|**2022**
**2021**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
146,721
101,179|
|---|---|---|---|
||146,721|-|146,721
101,179|
||136,473|-|136,473
91,231|
||136,473|-|136,473
91,231|
||10,248
59,542|-
-|10,248
9,948
59,542
49,594|
||69,790|-|69,790
59,542|
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## **Kensington Dragons Football Club Limited Balance Sheet as at 31st August 2022**
|**Note**
**Current Assets**
Debtors
**5**
Cash at bank and in hand
**Creditors: Amounts falling due**
**within one year**
**6**
**Net Current Assets**
**Net Assets**
**Funds**
Restricted funds
**7**
Unrestricted general funds
**7**|**2022**
**£**
896
74,760
75,656
(5,866)|**2022**
**2021**
**£**
**£**
3,420
59,498
62,918
(3,376)
69,790
69,790
-
69,790
69,790|**2021**
**£**
59,542|
|---|---|---|---|
||||59,542|
||||-
59,542|
||||59,542|
The directors state:
- (a) For the year ended 31 August 2022 the charitable company was entitled to exemption from audit under Section 477 of the Companies Act 2006.
- (b) No notice from Trustees requiring an audit has been deposited under Section 476 of the Companies Act 2006.
- (c) The accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
- (d) The Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Approved and authorised for issue by the Board on:
C Shirley Hon. Sec.
Date:
## **Company Number: 07720188**
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## **Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2022**
## **1 Accounting Policies**
## **1.1 Basis of preparation of financial statements**
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Charity is a public benefit entity for the purposes of FRS 102 and therefore the Charity also prepared its financial statements in accordance with 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 (The FRS 102 Charities SORP), the Companies Act 2006 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
## **1.2 Going concern**
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and have taken account of pressures on donation income. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
## **1.3 Income**
All income is included in the Statement of Financial Activities when the club is entitled to the income, receipt is probable and the amount can be quantified with reasonable accuracy.
Income received in advance is deferred where it would be repayable if conditions are not met in the future.
## **1.4 Expenditure**
All expenditure is accounted for on an accruals basis and is directly classified under the expenditure category to which it relates. Support costs have been allocated to the charitable activity to which they relate.
## **1.5 Governance costs**
Governance costs include those costs incurred in the governance of the charity and are primarily associated with constitutional compliance and statutory requirements.
## **1.6 Unrestricted funds**
These resources arise from income provided for unrestricted purposes and from accumulated surpluses and deficits in the operations for charitable purposes and are expendable at the discretion of the Trustees.
## **1.7 Restricted funds**
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
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## **Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2022**
## **1 Accounting Policies (continued)**
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered to be basic financial instruments under FRS 102.
## **1.10 Key estimates and judgements**
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements.
In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
## **2 Transactions with Trustees**
During the year, a total of £1,057 (2021: £1,058) was paid on behalf of one trustee in relation to reimbursement of expenses. There were no year end creditors in relation to this.
## **3 Donations, sponsorships and grants**
|Donations
Sponsorships
Grants
**Expenditure on charitable activities**
Football activities|**2022**
**Unrestricted**
**funds**
**£**
122,621
2,000
22,100
146,721
**2022**
**Unrestricted**
**funds**
**£**
136,473
136,473|**2022**
**Restricted**
**funds**
**£**
-
-
-
-
**2022**
**Restricted**
**funds**
**£**
-
-|**2022**
**Total Funds**
**£**
122,621
2,000
22,100
146,721
**2022**
**Total Funds**
**£**
136,473
136,473|**2021**
**Total**
**Funds**
**£**
52,679
4,000
44,500|
|---|---|---|---|---|
|||||77,010|
|||||**2021**
**Total**
**Funds**
**£**
91,231|
|||||91,231|
- **4 Expenditure on charitable activities**
None of the charitable expenditure in 2022 related to restricted funds. The charity had no employees in the year to 31 August 2022 (2021: none). Within unrestricted expenditure is £2,750 (2021: £2,600) paid to the independent examiner for the independent examination of the financial statements.
## **5 Debtors**
Other debtors
|**2022**|**2021**|
|---|---|
|**£**|**£**|
|896|3,420|
|896|3,420|
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## **Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2022**
## **6 Creditors: Amounts falling due within one year**
|Trade creditors
Accruals
**7**
**Funds**
Unrestricted Funds
Restricted funds
(i)
_Administrator fund_
Total Funds
Unrestricted Funds
Restricted funds
(i)
_Administrator fund_
Total Funds|**Balance at**
**31/08/2021**
**£**
59,542
-
59,542
**Balance at**
**31/08/2020**
**£**
49,594
-
49,594|**Income**
**£**
146,721
-
146,721
**Income**
**£**
101,179
-
101,179|**Expenditure**
**£**
(136,473)
-
(136,473)
**Expenditure**
**£**
(91,231)
-
(91,231)|**2022**
**£**
2,476
3,390
5,866
**Transfers**
**£**
-
-
-
**Transfers**
**£**
-
-
-|**2021**
**£**
-
3,376|
|---|---|---|---|---|---|
||||||3,376|
||||||**Balance at**
**31/08/2022**
**£**
69,790|
||||||-|
||||||69,790|
||||||**Balance at**
**31/08/2021**
**£**
59,542|
||||||-|
||||||59,542|
## **8 Limited Liability**
The charitable company is limited by guarantee and has no share capital. In the event of it winding up the liability of each member is limited to £1.
## **9 Related Party Transactions**
The charity received unrestricted donations from 3 trustees totalling £30,000 in the year to 31 August 2022 (2021: £20,000).
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## **Kensington Dragons Football Club Limited Schedule of Expenditure For the year ended 31st August 2022**
|Football League/Association Fees & Fines
Equipment & Kit
Match costs inc. Coaching & Ref Fees
Pitch Hire Fees
Training
Transport
Events
Medals & Trophies
IT
Professional Fees
PR Fees
Insurance Fees
Bank Charges
Misc|**2022**
**2021**
**£**
**£**
4,488
1,809
12,203
4,482
48,609
38,731
33,919
15,824
676
945
185
95
3,889
665
540
736
2,461
1,018
25,145
23,908
2,610
630
321
890
231
258
1,196
1,240
136,473
91,231|
|---|---|
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