Kader Football Club Llmited Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2024 "Charlty Comm155ioners Cop Registered Charity No. 11 S3749 ANDERSON 8ARROWCLIFF LIMITED Chartered Accountants
Page Report of the Trustees Independent Examiner's Report Statement of Flnancial Activities Balance Sheet Notes to the Flnanclal Statements 8 to 14 Detalled Statement of Flnanclal Actlvltles 15 to 16
The Trustees present their report together with financial statements for the year ended 31 August 2024. The financial statements have been prepared In accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and AccoLJnting and Reporting by Charities: Statement of Recommended Practlce applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019. OBJEcfivES AND ACTIVITIES Objectlves. actlvlties and achievements Kader Football Club's objectives are to provide as many players on Teesside with an opportunity to develop their football skills in a positive learning environment, aiming to bring players together of a similar ability, whether it is in division one or division eight. We also have senior teams in place and are starting to build for the future by having teams at every stage from U7s to men and ladies, teams. We have received more grant funding from the Football Foundation this year, which again, has provided us with a much-needed boost through their Grass Pitch Mai ntenance Fund. Looking after our pitches is a major financial outlay for us and the money we receive is put to good use, to make the pitches some of the best in the area. Our Saturday morning sessions continue to do well and we have created more teams ar u7s. The social media channels contlnue to grow on Facebook, Twitter and Instagram. Our annual presentarion was held at Kader again this year on the field. The cafe is proving to be a great income for the club and we may need to look at employing staff in the future instead of having volunteers. We signed a new kit deal with Motif8 in Thornaby and we are now using Errea kits. Finally, we had nearly 40 teams operating this year and we continue to try and increase the number of teams within the club moving forward. FINANCIAL REVIEW Financial revlew The charity made a surplus of £62,815 for the year compared to a surplus of £48,351 in the previous period. Income increased by almost £6,000 due to the increased use of the pitch and facilities along with an increase i n grant income received from the Football Foundation of just over £3,000. Costs fell by over £8,000. largely due to the decreased pitch maintenance costs of almost £24,000. This was partly offset by event5 COSt5 and higher kit and eq uipment costs, Unrestricted funds at the year-end are £590,47612023.' £505,468) which include5 a designated fund of £70,00012023- £60.0001. Restricted funds at the year end are £Nil12023: £22,192). Reserves pollcy The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (free reserves) held by the charity should be approximately three months running costs plus redundancy requirements. At the present time the free reserves of £590,476 exceed this req uirement but as running costs are expected to increase in the future the Trustee5 need to build up reserves to cover the increased costs. Page 1
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is constituted as a Company limited by guarantee, without a share capital, and is therefore governed by a Memorandum and Articles of Association. It was incorporated on 19 July 2011 and became a registered charity on 10 September 2013. The assets from the previous community organisation, Kader Football CILJb were transferred to the company when it became a charity on 10 September 2013. The charity is organised so that the Board of Trustees meet regularly to manage the affai rs of the charity. The Secretary is in charge of the day to day running of the charity. A management team consisti ng of the Chair, Secretary, Treasurer, Welfare Officer and 7 and 11-a-side co-ordinators, meet monthly to make decisions on the day to day matters and any important decisions that need to be ratified. Appointment of trustees As set out in the Articles of Association, membership of the Company is unlimited with the Board of Trustees being recruited from the membership. Ail members are circulated with an invitation to nominate trustees prior to the AGM, advising them of the retiring trusteelsl and requesting nominations for the AGM. When considering co-optees, knowledge and expertise which will beneflt the charity is taken into consideration. Induction and tralning of new trustees New trustees are inducted by the Company Secretary who briefs them on their legal obligations with regard to company and charity law. They are also given an introduction to the building, the staff and other trustees and are instructed in the Health & Safety and security requirements of the charity. External trainlng events which will facilitate the undertaking of their role are provided as and when appropriate. Trustee Statement In setting our objectives and planning our activities the trustees have glven careful consideration to the Charity Commission guidance on public benefit. This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07710865 {England and Wales) Registered Charity number 11 $3749 Registered office 21 Heythrop Drive Acklam Middlesbrough Cleveland TS5 8QA Page 2
Kader Fo Trustees A Formby-jackson C Hudson Mr5 L M Harris (resigned 12.9.23) A l Harris (resigned 2.10.23} MJ McGovern Mrs P Hudson G L Middleton lappolnted 2.10.23) J Gibbons lappointed 8.11.23) Drj Nevison iappointed 16.11.231 Company Secretary C Hudson Independent Examlner Anderson Barrowcliff Limited Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX Bankers Barclay5 Bank 28-32 Albert Road Middlesbrough r51 1QD Appr(*ed by order of the board of trustees on ....... . and 51gned on It5 behalf by. ac on-Tru Page 3
tEx Independent examiner's report to the trustees of Kader Football Club Llmited ('the Company'} I report to the charity trustees on my examination of the account5 of the Company for the year ended 31 August 2024. Responsibilities and basis of report the charity's trustees Df the Company {and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'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 independent examination, I report in respect of my examination of your charity's accounts as carried out under Settion 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commlssion under Section 145151 Ibl of the 2011 Act. Independent examiner's statement Since your charity'5 gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which Is one of the listed bodies. 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: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records,. or 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 falr view which is not è matter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommende(J Practice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrÈland IFRS 10211. 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. MrsJane Bennett FCA Anderson Ba rrowcliff Limited Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX Dale.. Page 4
nc ditur 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and lesacies 64.954 64.954 61,552 Charltable activities Income from charitable activities 144.702 144,702 154,033 Other trading activities Investment income 58.608 4.922 58,608 4,922 50,239 1,443 bank interest Total 208,232 64.954 273.186 267,267 EXPENDITURE ON Raising funds 23.658 23,658 21,733 Charltable actlvlties Charitable activitSe5 129.759 56.954 186,713 197,183 Total 153.417 56.954 210,371 218,916 NET INCOMEIIEXPENDITUREI 54,815 8,000 62.815 48,351 Transfer between funds 30.192 (30.192} RECONCILIATION OF FUNDS Total funds brought forward 505,469 22,192 527.661 479,310 TOTAL FUNDS CARRIED FORWARD 590.476 590.476 £27,661 The notes form part of these financial statements Page 5
IIAugust 2024 2024 Total funds 2023 Total funds Notes FIXED ASSETS Tangible assets 10 269,049 245,350 CURRENT ASSETS Debtors Investments Cash at bank and in hand 24.098 206.274 97.734 33,791 12 251,598 328,106 285,389 CREDITORS Amounts falling d ue within one year 13 (6.679) 13,0781 NET CURRENT ASSETS 321,427 282,311 TOTAL ASSETS LESS CURRENT LIABILITIES 590.476 527,661 NET ASSETS 590.476 527,661 FUNDS Unrestricted funds.. General fund Designated fund 14 520,476 70.000 445,469 60,000 590.476 505,469 Restricted funds 22,192 TOTAL FUNDS 590.476 527,661 The charitable company is entitled to exemption from audit under Section 477 of the Companles Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page 6 continued...
der Foo al The trustees acknowledge their responsibilities for'.- lal ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Att 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ib) These financial statements have been prepared in accordance wlth the provisions applicable to charitable companie5 subject to the small companies regime. The financla statements were approved by the Board of Trustees and authorised for issue on tf......... and were slgned on Its behalf by.. AFO n - Trustee The notes form part of theseflnancial statements Page 7
The trustees acknowledge their responsibilities for... (al ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Att 2006 and preparing financial statements which glve a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companles Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provision5 applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on Its behalf ty. AFO n - Trustee The notes form part of these financial statements Page 7
ACCOUNTING POLICIES General information and basis of preparation Kader Football Club is a private company limited by guarantee in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 D per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The charity operates a football club on Hall Drive, Acklam, Middlesbrough, TS5 7JY. The nature of the charity's operations are given in the Trustees Report. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice Standard applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015. The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financlal statements are set OLJt below. These policies have been con515tently applied 10 all years presented unless otherwise stated. Income recognition Items of income are recognised and included in the accounts when all the following criteria are met.. The charity has entitlement to the fund5. Any performance conditior15 attached to the itemls) of income have been met or are fully within the control of the charity. There is sufficient certainty that receipt of the Income is considered probable,. and The amount can be measured reliably. Donations are recognlsed on receipt of funds. Donations received for the purchase of fixed assets are included in the SOFA as restricted funds and transferred to unrestricted funds as the assets have been purchased. Income from trading activities includes café income which is received in exchange for supplying goods in order to raise funds. There is no netting off within the accounts. Expendlture Expenditure 15 recognised as soon as there is a legal or constructive obligation commltting the charity to the expenditure, it Is probable that the settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accour)ted for on an accruals ba515 and has been classified Ljnder headings that aggregate all costs related to the category. It includes attributable VAT which cannot be recovered. Charitable expenditure comprlses those costs Incurred by the company In the delivery of it5 activities and services for its beneficiaries. It includes both costs that can be allocated directly to such actlvitie5 and those costs of an indirect nature necessary to support them. Support costs are those that assist the work of the char4ty but do not dlrectly represent charitable activities and include office and governance costs. Governance costs include those incurred in the governance of the charity which are associated with the constitutional and statutory requirements. Page 8
ACCOUNTING POLICIES- contlnued Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold Plant and machinery Fixtures and fittings Motor vehicles 10% on cost 20% on cost 33% on cost and 10% on cost 25% on cost Cash at bank Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Investments Current assets investments are short term highly liquid investments and are held at cost. They have a maturity of less than one year, Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Taxatlon The charity is an exempt charity Wlthin the meaning of schedule 3 of the Charities Act 2011 and Is considered to pa55 tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Fund accountlng Unrestricted income funds are general funds which are available for use at the trustee5' discretion in furtherance of the objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. rhe aim and use of the designated fund 15 set out in the notes to the fi nancial statements. Restricted funds are funds which are to be used in accordance with specific restrictlDns imposed by donors. The aim and use of each restricted fund is set OLJt in the notes to the financial statements. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be abSe to continue as a going concern. DONATION5 AND LEGACIES 2024 2023 Football Foundation North Riding Country CourTrcil Football Association 64.154 800 61,552 64.954 61,552 In 2023 all donations relate to restricted funds. Page 9 continued...
INCOME FROM CHARITABLE ACTIVITIES 2023 2024 Unrestricted Subscriptions Pitch fees Sponsorship Fundraising 104.499 26.232 13.971 110,391 24,370 8,736 10.536 144,702 154.033 OTHER TRADING ACTIVITIES 2024 2023 Café income 58.608 50,239 CHARITABLE ACTIVITIES COSTS Direct Costs Isee note 61 Support costs (see note 7) Totals Charitable activities 125.946 60.767 186.713 In 2023 £179,556 related to unrestrlcted funds and £39,360 related to restricted. DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Repalrs and renewals Pitch malntenance Trophies Kit and equipment Coaching courses and fees Football Association fees/fine Referee fees Events Depreciation 4,680 29.161 468 19.479 1.465 8,515 8.258 4.149 49.771 10,525 52,874 6,172 11,201 2,394 5,275 7,565 45,399 125.946 141,405 Page 10 continued..,
der F otb 11 or SUPPORT COSTS Governance costs Management Finance Totals Charitable activities 56.983 368 3.416 60.767 Support costs, included in the above, are as follows= Management 2024 Charitable activitles 2023 Total activities Trustees, salaries TrLJStees' expenses Rates and water Insurance Light a nd heat Sundries Computer costs Donations Motor expenses Subscriptioris Depreciation of tangible and heritage assets 27.201 302 2.159 1.144 7.357 2,269 2,549 850 3.674 701 8.777 26,821 226 1,969 1.072 4.111 2.384 1.693 150 3,647 947 9.595 56.983 52,615 Finance 2024 Charitable activities 2023 Total activities Bank charges 368 472 Governance costs 2024 Charitable activities 2023 Total activities Accountancy - independent examination Other work 3.020 396 2,580 111 3.416 2.691 Page11 continued...
STAFF COSTS 2024 2023 Wages and salaries - gross 27.201 26,821 The average number of employees based on headcount was TRUSTEES, REMUNERATION AND BENEFITS Trustees received money for work done for the charity as follows.. 2024 2023 Mr C Hudson Mr A Formby-jackson 25.300 1.901 23,796 3,025 Total 27.201 26,821 This is permitted in the Articles of As50Clation. Trustees, expenses Expenses for telephone costs were paid to Mr C Hudson totalling £23112023., £2261. 10. TANGIBLE FIXED ASSETS Fixtures and fittings Short leasehold Plant and machinery Motor vehicles Tor?15 COST At 1 September 2023 Additions 396,422 4.200 93.442 77,113 95,269 934 10,200 595.333 82.247 At 31 August 2024 400,622 170,555 96.203 10,200 677.580 DEPRECIATION At 1 September 2023 Charge for year 198,947 39,886 91,770 9.885 49.073 8,777 10.193 349.983 58.548 At 31 August 2024 238,833 101.655 57.850 10.193 408.531 NET BOOKVALUE At 31 August 2024 161,789 68,900 38,353 269,049 At 31 August 2023 197,475 1,672 46,196 245,350 Page 12 continued.
olQUQ thoFJnanclal StatementtinU 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments and accrued income Social Security and other taxes 334 29,918 3,539 24,098 24,098 33,791 12. CURRENT ASSET INVESTMENTS 2024 2023 Short term dep051t 206,274 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accrued expenses 394 86 3.451 3,142 2,684 6.679 3,078 Page 13 continued...
14. MOVEMENT IN FUNDS Net movement in fund5 Transfers between funds At 31.8.24 At 1.9.23 Unrestricted funds General fund Designated fund 445.469 60.000 54.815 20,192 10.000 520.476 70.000 505.469 54.815 30.192 590,476 Restrlcted funds Football Foundation 22.192 8.000 {30,1921 TOTAL FUNDS 527.660 62,815 590,476 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 208.232 1153,417) 54.815 Restrlcted funds Football Foundation 64,954 156.954} 8.000 TOTAL FUNDS 273.186 210.371) 62.815 The money from the Football Foundation was received for grass pitch maintenance and was all spent in the year. The designated fund is to replace the 3G pitch. The trustees have agreed that £10,000 per annum needs to be Set aside, so a transfer to designated funds will be made each year. The transfer between fund represents expendlture on fixed assets from restricied funds. 15. RELATED PARTY DISCLOSURES As disclosed in note 9, two trustees were paid £27,201 12023.. £26,821) for work done for the charity during the year. This is as permitted in the Article of Association. Page 14
eye 2024 2023 INCOME AND ENDOWMENTS Donations and legacles Grants 64.954 61,552 Other trading activitles Café income 58,608 50,239 Investment Income Deposit account interest Bank interest received 4.856 66 1,418 25 4.922 1,443 Charltable activltles Subscriptions Pitch fees Sponsorship Fundraising 104,499 26.232 13,971 110,391 24,370 8,736 10,536 144.702 154,033 Total Incoming resources 273.186 267,267 EXPENDITURE Other tradlng activities Café purchases 23.658 21,733 Charltable actlvltles Repairs and renewals Pitch maintenance Trophles Kit and eq uipment Coaching courses and fees Football Association feeslfine Referee fees Events Short leasehold Plant and machlnery Motor vehicles 4.680 29,161 468 19,479 1.465 8.513 8.258 4,149 39.887 9.886 10.525 52,874 6,172 11,201 2,394 S,275 7,565 36.679 8,091 629 125,946 141,405 Support costs This page does not form part of the statutory financial Statements Page15
2024 2023 Support costs Management Trustees. salaries Trustees, expenses Rates and water Insurance Light and heat Sundries Computer costs Donations Motor expenses Subscriptions Fixtures and fittings 27.201 302 2.159 1.744 7.357 2.269 2,549 850 3.674 701 ,777 26,821 226 1,969 1,072 4,111 2,384 1,693 150 3,647 947 9,595 56.983 52,615 Finance Bank charges 368 472 Governance costs Accountancy - independent examination Auditors, remuneration for non audit work 3,020 396 2,580 111 3.416 2,691 Total resources expended 210.371 218,916 Net Income 62.815 48,351 Thi5 page does not form part of the statutory financial statements Page16