2025-05-31-accounts

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 1[ST] JUNE 2024 To 31[ST] MAY 2025 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	Participation levels dropped during the 24/25 season due to the majority of our girls teams leaving to set up a new club under their own management. We wish them well for the future. We are focusing on rebuilding for the 25/26 season. As always we are incredibly grateful for the effort and support provided by everyone that volunteers within the club. During the 24/25 season we fielded 40 teams with 510 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	£98939
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)	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
	20/03/2026
	20/03/2026

Welwyn Pegasus Football Club

Financial Statements & Trustees' Report

Year Ended 31st May 2025

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 2025

CONTENTS	PAGE(S)
Statement of Financial Activities	1
Balance Sheet	2
Notes to the Financial Statements	3-6

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31st MAY 2025

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 £ 125,585 3,529 129,114 125,168 4,218 129,386 (272) 99,211 98,939		Total 2025 £ 125,585 3,529 129,114 125,168 4,218 129,386 (272) 99,211 98,939	Total 2024
						£ 152,251 3,202
						155,453
						116,562 9,792
						126,354
						29,099 70,112
						99,211

Page 1

BALANCE SHEET AS AT 31st MAY 2025

NOTES
TANGIBLE FIXED ASSETS
7
Sports equipment
Computer & office equipment
Other equipment
TOTAL FIXED ASSETS
CURRENT ASSETS
Stock
Debtors & Prepayments
8
Cash & Bank Balances
9
CREDITORS AND ACCRUALS
Amounts falling due within one year
10
NET CURRENT ASSETS (LIABILITIES)
CREDITORS
Amounts falling due after one year
NET ASSETS
FUNDS
Unrestricted Funds
11
Restricted Funds
12
TOTAL FUNDS

2025
2024
£
£
1,291
1,722
0
0
139
278
1,430
2,000
0
2,234
13,071
21,195
119,082
104,237
132,153
127,666
34,644
30,455
97,509
97,211
0
0
98,939
99,211
98,939
99,211
0
0
98,939
99,211

Approved by the Management Committee and signed on its behalf:

Chairperson…..Signed by Alan Gibbs Date……........... Treasurer…..Signed by Keith Jones Date……...........

The accompanying notes form an integral part of the accounts

Page 2

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MAY 2025

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	Players fees Sponsorship income Merchandise sales WPFC Tournament income Presentation Day income FUNDRAISING & OTHER INCOME Income comprises the following: Grants and donations Fundraising Heart screening fundraising Other event income Gift-aid tax relief Interest income COST OF ACTIVITIES Expenditure comprises the following: Merchandise COS / write-off WPFC Tournament expenses Presentation Day expenses Development centre expenses Other event expense Marketing / printed materials Website / digital marketing League affiliations Transfer fees Football kit Football equipment Sports equipment depreciation Referees fees Fines External tournament entry fees Grounds hire Grounds maintenance Equipment storage costs Meeting expenses Coach development DBS/CRB checks Heart screening expenses COST OF ACTIVITIES Expenditure is stated after taking into account the following: Accrual for pitch hire Accrual for football kit Accrual for presentation trophies	2025 2024 £ £ 122,721 137,760 2,750 7,060 114 0 0 5,122 0 2,309 125,585 152,251 £ £ 0 1,395 1,675 0 0 0 400 1,000 0 0 1,454 807 3,529 3,202 £ £ 2,234 0 0 3,564 6,747 18,551 0 0 0 0 153 267 662 339 4,535 6,277 0 41 30,392 37,043 2,737 9,345 431 430 10,859 15,514 1,043 1,116 795 1,044 58,714 17,932 0 335 3,546 2,566 400 0 1,460 1,740 460 458 0 0 125,168 116,562 £ £ 1,060 0 14,115 0 6,458 16,498 21,633 16,498

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	2025 2024 £ £ 139 4,865 1,020 1,658 329 355 0 0 0 735 686 1,277 2,044 892 0 10 4,218 9,792

7 TANGIBLE FIXED ASSETS

7	TANGIBLE FIXED ASSETS
8 9	Sports Office Equipment Equipment £ £ Cost At 1 June 2024 10,875 2,379 Additions 0 0 Disposals 0 0 Revaluations 0 0 Transfers 0 0 At 31 May 2025 10,875 2,379 Depreciation At 1 June 2024 9,153 2,379 Charge for year 431 0 On disposals 0 0 Other adjustments 0 0 At 31 May 2025 9,584 2,379 Net Book Value: At 31 May 2025 1,291 0 At 31 May 2024 1,722 0 DEBTORS AND PREPAYMENTS Prepayments comprise the following: Prepayment for kit BANK BALANCES Cash and bank balances at 31 May 2025 were as follows: Cash in hand Current account Business Saver account Business Saver account (Heart screening)	Other Equipment £ 3,130 0 0 0 0 3,130 2,852 139 0 0 2,991 139 278 2025 £ 13,071 13,071 £ 1,729 18,318 98,767 268 119,082	Totals £ 16,384 0 0 0 0
			16,384 14,384 570 0 0
			14,954
			1,430

			2,000
			2024 £ 21,195
			17,035 £ 2,254 19,402 82,317 264
			104,237

Page 5

10 CREDITORS

11 12 13	Balances at 31st May 2025 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 RESTRICTED FUND Opening balance Surplus (deficit) for the year Closing balance ANALYSIS OF NET FUNDS Fixed Assets Net Current Assets	Restricted £ 0 0 0	2025 2024 £ £ 329 3,271 0 0 21,633 16,498 12,682 10,686 34,644 30,455 £ £ 99,211 70,112 (272) 29,099 98,939 99,211 £ £ 0 0 0 0 0 0 Unrestricted Total £ £ 1,430 1,430 97,509 97,509 98,939 98,939

Page 6

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name WELWYN PEGASUS FOOTBALL CLUB members of

On accounts for the year 31[ST] MAY 2025 Charity no 1150095 ended (if any) Set out on pages 1-6

(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.

December 2017

IER

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: 14/03/26 Signed: ~~{|~~ Name: IAN GORTON

Relevant professional FELLOW OF THE CHARTERED INSTITUTE OF MANAGEMENT qualification(s) or body ACCOUNTANTS (if any):

Address: 2 CRESSMANS WALK

WHITWELL

SG4 8AW

Section B Disclosure SS

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 any items that the examiner wishes to disclose .

NONE