## **Trustees’ Annual Report for the period** ## **From 1[ST] JUNE 2023 To 31[ST] MAY 2024 Charity name: WELWYN PEGASUS FOOTBALL CLUB** ## **Charity registration number: 1150095** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote community participation in
healthy recreation by providing facilities for
playing football ("facilities" meaning land,
buildings,
equipment and organising football
activities); and
To advance the education of children and
young people whether or not undergoing
formal education.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Activities undertaken during the year for the
public benefit include:
The promotion of participation amongst
young people in amateur football to
encourage healthy physical development
and to promote the benefits of physical
education and development;
The provision and work to extend the
provision of facilities for playing football to
enable healthy physical activity;
Actively assisting local schools with their
provision of football facilities;
Making facilities and membership available
on a first-come, first-served basis
irrespective of playing ability; and
Ensuring that those with low incomes are
not detrimentally affected by the level of
fees set by the Club and assisting
financially, on a case-by-case basis, to
encourage participation from young people
from families with low income.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|When planning activities during the year
the Trustees have considered their
statutory duty to act in accordance with the
guidance on public benefit issued by the
Charity commission.| **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Contribution made by
volunteers|Para 1.38|As in previous years, we are extremely
grateful for the work that our many
volunteers undertake for the Football Club
as coaches, assistant coaches,
administrators, trustees, Football
Management Committee members and
helpers at fundraising events. The work our
volunteers undertake is significant and
enables the Club to meet our Charitable
Objectives effectively.| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|We have maintained the levels of
participation due to the excellent efforts of
our volunteers and committee members.
We continue with our outreach to local
schools and other sections of the
community.
During the 23/24 season we fielded 78
teams with 870 registered players.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The club remains in a healthy financial
position and is fully able to meet its
liabilities and commitments.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are held exclusively for the
furtherance of the Charitable Objectives.
None of the Charity’s reserves may be paid
or transferred directly or indirectly by way of
dividend, bonus or otherwise by way of
profit to any member of the Charity.| |Amount of reserves held|Para 1.22|£99211| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|Nothing to report| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|Nothing to report| **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Our principle source of funds is from fees
charged to players for membership of the
Football Club. This is supplemented by
fund-raising events before, during and after
the football season and by engaging with
local businesses with a view to team or
club sponsorship and / or donations to the
Club.| |---|---|---|---| ||||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document|Para 1.25|Constitution| |How is the charity
constituted?|Para 1.25|Unincorporated association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Appointed by the Trustees, subject to
annual retirement and re-election by the
members of the Charity.| ## **Reference and Administrative details** |Charityname|Welwyn PegasusFootballClub| |---|---| |Other name the charity uses|| |Registered charity number|1150095| |Charity’s principal address|34 Nursery Gardens
Welwyn Garden City
Hertfordshire
AL7 1SF| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Alan Gibbs|Chairman||| ||Vincent Keeley|Vice-chairman||| ||Keith Jones|Treasurer||| |||||| |||||| ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|SIGNED ELECTRONICALLY|SIGNED ELECTRONICALLY| |---|---|---| ||Alan Gibbs|Keith Jones| ||

Chair|Treasurer| ||20/03/2025|| ||20/03/2025|| ## **Welwyn Pegasus Football Club** ## **Financial Statements & Trustees' Report** ## **Year Ended 31st May 2024** ## **Developing Players for the Future** **Home Ground Monks Walk School, Knightsfield, Welwyn Garden City, AL8 7NL www.welwynpegasusfc.co.uk** **Welwyn Pegasus Football Club is a registered charity: Registration number 1150095** ## **INDEX TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31st MAY 2023** |**CONTENTS**|**PAGE(S)**| |---|---| |Statement of Financial Activities|1| |Balance Sheet|2| |Notes to the Financial Statements|3-7| ## **STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st MAY 2024** |**NOTES**
**INCOMING RESOURCES**
Football & related Income
**2**
Fundraising & Other Income
**3**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Cost of Activities
**4,5**
Administration, Management & Others
**6**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING RESOURCES FOR THE YEAR**
**FUNDS BROUGHT FORWARD**
**FUNDS CARRIED FORWARD**||**RESTRICTED**
**£**
0
0
**0**
0
0
**0**
**0**
**0**
**0**|**UNRESTRICTED**
**£**
152,251
3,202
**155,453**
116,562
9,792
**126,354**
**29,099**
**70,112**
**99,211**||**Total 2024**
**£**
152,251
3,202
**155,453**
116,562
9,792
**126,354**
**29,099**
**70,112**
**99,211**|**Total 2023**| |---|---|---|---|---|---|---| |||||||**£**
131,228
4,525| |||||||**135,753**| |||||||128,232
11,925| |||||||**140,157**| |||||||**(4,404)**
**74,516**| |||||||**70,112**| Page 1 ## **BALANCE SHEET AS AT 31st MAY 2024** |**NOTES**
**TANGIBLE FIXED ASSETS**
**7**
Sports equipment
Computer & office equipment
Other equipment
**INTANGIBLE FIXED ASSETS**
Lease premium
**8**
**TOTAL FIXED ASSETS**
**CURRENT ASSETS**
Stock
Debtors & Prepayments
**9**
Cash & Bank Balances
**10**
**CREDITORS AND ACCRUALS**
Amounts falling due within one year
**11**
**NET CURRENT ASSETS (LIABILITIES)**
**CREDITORS**
Amounts falling due after one year
**NET ASSETS**
**FUNDS**
Unrestricted Funds
**12**
Restricted Funds
**13**
**TOTAL FUNDS**|**2024**
**2023**
**£**
**£**
1,722
0
0
0
278
417
**2,000**
**417**
**0**
**4,726**
**2,000**
**5,143**
2,234
2,234
21,195
17,035
104,237
85,953
**127,666**
**105,222**
30,455
40,253
**97,211**
**64,969**
0
0
**99,211**
**70,112**
99,211
70,112
0
0
**99,211**
**70,112**| |---|---| Approved by the Management Committee and signed on its behalf: Chairperson…..Signed by Alan Gibbs Date…10/03/2025 Treasurer…..Signed by Keith Jones Date…10/03/2025 The accompanying notes form an integral part of the accounts Page 2 **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MAY 2024** ## **1 ACCOUNTING POLICIES** ## a) Basis of Preparation and Assessment of Going Concern The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The club constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the club’s ability to continue as a going concern. ## b) Income and Expenditure Income and Expenditure is recorded on the accruals basis. ## c) Depreciation Depreciation is calculated on the straight line basis at rates which are intended to write off the cost of the assets over their estimated useful lives, and is itemised as follows: |Sports equipment|20%| |---|---| |Ofice equipment|33%| |Other equipment|20%| ## d) Leases Rental costs under operating leases are charged to the income and expenditure account in equal annual instalments covering the period of the leases. ## e) Fund Accounting Grants and similar income which are subjected to restrictions by the donors are shown as restricted funds and any expenditure incurred will be set off against this fund. All other income and expenditure is shown as unrestricted. ## f) Resources Expended The cost of activities comprises expenditure that directly relates to the furtherance of the club's charitable activities. All other expenses are shown under administration and management which involve the cost of managing and administering the club. Page 3 **2 FOOTBALL & RELATED INCOME** Income comprises the following: |**3**
**4**
**5**|**2024**
**2023**
**£**
**£**
Players fees
137,760
117,444
Sponsorship income
7,060
1,168
Merchandise sales
0
0
WPFC Tournament income
5,122
9,286
Presentation Day income
2,309
3,330
**152,251**
**131,228**
**FUNDRAISING & OTHER INCOME**
Income comprises the following:
**£**
**£**
Grants and donations
1,395
3,900
Fundraising
0
0
Heart screening fundraising
0
0
Other event income
1,000
475
Gift-aid tax relief
0
0
Interest income
807
150
**3,202**
**4,525**
**COST OF ACTIVITIES**
Expenditure comprises the following:
**£**
**£**
Merchandise COS
0
0
WPFC Tournament expenses
3,564
5,103
Presentation Day expenses
18,551
8,380
Development centre expenses
0
0
Other event expense
0
520
Marketing / printed materials
267
0
Website / digital marketing
339
391
League affiliations
6,277
6,440
Transfer fees
41
25
Football kit
37,043
27,299
Football equipment
9,345
12,918
Sports equipment depreciation
430
0
Referees fees
15,514
14,757
Fines
1,116
1,035
External tournament entry fees
1,044
600
Grounds hire
17,932
42,660
Grounds maintenance
335
2,009
Equipment storage costs
2,566
2,537
Meeting expenses
0
110
Coach development
1,740
2,888
DBS/CRB checks
458
560
Heart screening expenses
0
0
**116,562**
**128,232**
**GROUNDS HIRE**
Expenditure on grounds hire is stated after taking into account the following:
**2024**
**2023**
**£**
**£**
Accrual for rent second half of season
0
0| |---|---| Page 4 **6 ADMINISTRATION, MANAGEMENT & OTHERS** Expenditure comprises the following: |Depreciation & amortisation
Insurance
Office & computer supplies
Interest
Merchant processing fees
Telephone and internet
Travel expenses
Miscellaneous expenses|**2024**
**2023**
**£**
**£**
4,865
5,139
1,658
1,284
355
509
0
0
735
3,412
1,277
817
892
734
10
30
**9,792**
**11,925**| |---|---| ## **7 TANGIBLE FIXED ASSETS** |**ED ASSETS**||||| |---|---|---|---|---| |**Cost**
At 1 June 2023
Additions
Disposals
Revaluations
Transfers
**At 31 May 2024**
**Depreciation**
At 1 June 2023
Charge for year
On disposals
Other adjustments
**At 31 May 2024**
**Net Book Value:**
**At 31 May 2024**
**At 31 May 2023**|**Sports**
**Equipment**
£
8,723
2,152
0
0
0
**10,875**
8,723
430
0
0
**9,153**
**1,722**
**0**|**Office**
**Equipment**
£
2,379
0
0
0
0
**2,379**
2,379
0
0
0
**2,379**
**0**
**0**|**Other**
**Equipment**
£
3,130
0
0
0
0
**3,130**
2,713
139
0
0
**2,852**
**278**
**417**|**Totals**
£
14,232
2,152
0
0
0| |||||**16,384**
13,815
569
0
0| |||||**14,384**| |||||**2,000**| |||||| |||||**417**| Page 5 **8 INTANGIBLE FIXED ASSETS** |**9**
**10**
**11**
**12**|**Lease**
**Premium**
£
**Cost**
At 1 June 2023
50,000
Additions
0
Disposals
0
Revaluations
0
Transfers
0
**At 31 May 2024**
**50,000**
**Amortisation**
At 1 June 2023
45,274
Charge for year
4,726
On disposals
0
Other adjustments
0
**At 31 May 2024**
**50,000**
**Net Book Value:**
**At 31 May 2024**
**0**
**At 31 May 2023**
**4,726**
**DEBTORS AND PREPAYMENTS**
Prepayments comprise the following:
Prepayment for kit
**BANK BALANCES**
Cash and bank balances at 31 May 2024 were as follows:
Cash in hand
Current account
Business Saver account
Business Saver account (Heart screening)
**CREDITORS**
Balances at 31st May 2024 were as follows:
Trade creditors due within one year
Expenses due
Accruals
Deferred income
**UNRESTRICTED FUND**
Opening balance
Surplus (deficit) for the year
Closing balance|**2024**
**2023**
**£**
**£**
21,195
17,035
**21,195**
**17,035**
**£**
**£**
2,254
5,858
19,402
13,321
82,317
66,513
264
261
**104,237**
**85,953**
**£**
**£**
3,271
26,810
0
0
16,498
0
10,686
13,443
**30,455**
**40,253**
**£**
**£**
70,112
74,516
29,099
(4,404)
**99,211**
**70,112**| |---|---|---| Page 6 **13 RESTRICTED FUND** |**14**|Opening balance
Surplus (deficit) for the year
Closing balance
**ANALYSIS OF NET FUNDS**
Fixed Assets
Net Current Assets|**Restricted**
£
0
0
**0**|**2024**
**2023**
**£**
**£**
0
0
0
0
0
0
**Unrestricted**
**Total**
£
£
2,000
2,000
97,211
97,211
**99,211**
**99,211**| |---|---|---|---| Page 7 **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/ members of** Charity Name WELWYN PEGASUS FOOTBALL CLUB **On accounts for the year** 31[ST] MAY 2024 **Charity no** 1150095 **ended (if any) Set out on pages** 1-7 (remember to include the page numbers of additional sheets) **Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. ## It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - • to state whether particular matters have come to my attention **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. **IER** **December 2017** **Independent examiner's statement** - In connection with my examination, no material matters have come to my attention (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I 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. * _Please delete the words in the brackets if they do not apply._ **Date:** March 19[th] , 2025 **Signed:** ~~—~~ **Name:** IAN GORTON **Relevant professional** FELLOW OF THE CHARTERED INSTITUTE OF MANAGEMENT **qualification(s) or body** ACCOUNTANTS **(if any):** ~~ee~~ **Address:** 2 CRESSMANS WALK WHITWELL SG4 8AW ~~a~~ ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of** NONE **any items that the examiner wishes to disclose** . **IER** **December 2017** IER December 2017