2022-06-30-accounts

REGISTERED COMPANY NUMBER: 08632521 (England and Wales) REGISTERED CHARITY NUMBER: 1154198

AFC Wimbledon Foundation

Report and financial statements For the year ended 30 June 2022

AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

Contents

Reference and administrative information ............................................................................................. 2 Trustees’ annual report......................................................................................................................................... 3 Independent auditor’s report ......................................................................................................................... 12 Statement of financial activities (incorporating an income and expenditure account) ....................................................................................................................................................................... 16 Balance sheet ........................................................................................................................................................... 17 Statement of cash flows .................................................................................................................................... 18 Notes to the financial statements ................................................................................................................. 19

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

Reference and administrative information

Company number 08632521 (England and Wales) Country of incorporation United Kingdom

Registered charity number 1154198 Country of registration England & Wales

Registered office and operational address

Cherry Red Records Stadium Plough Lane Wimbledon London SW17 ONR

Trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

o Jennifer Scott, Chair

o Nigel Higgs o Sophie Hosking, MBE (resigned 2022/23)

o Alex Mitchell o Joseph Palmer (resigned 2021/22) o Karen Peck o Xavier Wiggins (resigned 2022/23) o Peter Aves (appointed 14 March 2022) o Claire Barclay (appointed 30 September 2022) o Matthew Guest (appointed 30 September 2022) o Jane Lonsdale, MBE (appointed 30 September 2022) o Mohan Sekeram (appointed 30 September 2022) o Michele Little (appointed 30 September 2022)

Key management personnel

Philip Rudling, Chief Executive, is a director of the company but not a trustee.

Bankers HSBC Bank plc Sutton 2 Leicester Leicestershire LE87 2BB

Auditor

Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House 108-114 Golden Lane LONDON EC1Y 0TL

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

Trustees’ annual report

The trustees present their report and the audited financial statements for the year ended 30 June 2022.

Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

VISION, MISSION AND OBJECTIVES

Vision

"A community where no dream is off limits" #clubtogether

Mission Statement

To help our community pursue their dreams by improving their skills, resilience, well-being and confidence.

Key project areas are divided into three specific themes:

Grow – Inspiring Young Hearts and Minds

The focus of this theme is largely our school-based activity, football coaching programmes and matchday activity for 5 – 12-year-olds. Promoting the club and stadium for school partners is central to this theme.

Thrive – Life changing opportunities, wherever they’re needed most

Free social inclusion activity predominately for children and young adults living in more deprived communities. Projects include our Active Dons model, PL Kicks, NCS and employability activity. DLAG food poverty, IT and furniture projects fit under this theme.

Boost – A helping hand for adults of all ages

Health and well-being activity largely based at the stadium for older and inactive adults, alongside our mental health and disability programmes.

Objectives

The Charity’s objectives are for the benefit of the public generally, both in the United Kingdom and overseas and, in particular the inhabitants of the London Boroughs of Merton, Wandsworth, Kingston upon Thames and the surrounding areas.

The Objectives specify that the activities and initiatives provided by the Foundation will be focused on the four pillars of:

• Social inclusion

• Sports participation

• Health

• Education

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AFC Wimbledon Foundation Trustees’ annual report for the year ended 30 June 2022

ACHIEVEMENTS AND PERFORMANCE

The Foundation has had a very successful year and with the work of Dons Local Action Group (DLAG), and through the story of the club’s return to Plough Lane, this was recognised by winning the London region EFL Community Club of the Year in March and the national EFL Community Club of the Year Award in April 2022.

Key statistics from the year’s delivery are as follows:

• We engaged & inspired 2,500 people a week in sports or social activities

• 95% of our weekly participants were aged under 18, that's 2,375 young people

• We ran 54 sessions in 15 schools, engaging 1,500 children every week

• 40 students enrolled on our Education Football Programme

• 360 young people attended our 5 free football sessions each week

• 450 children enjoyed our football camps, football for all & player development centre sessions

• 5 players had AFC Wimbledon academy trials

• 14 girls signed for AFC Wimbledon girls’ section

• Our Girls Cup U13 team reached the national final at Wembley

• 275 young people attended our free holiday multi-sports & food camps

• 150 teenagers benefitted from our National Citizen Service programme

• 15 refugees attended our sessions throughout the year

• 50 adults took part in our weekly Active Ageing, Dons Fit and Women's Rec football sessions

• 35 adults enjoyed our 2 weekly walking football sessions

• We worked with 32 prisoners, delivering a level 1 football coaching project

• 14 full time staff including 2 Apprentices and 3 Kickstart workers

• EFL Community Club of the Year 2022 award

• EFL London Community Club of the Year 2022 award

• Dons Local Action Group

• 850 active volunteers

• £1.28 million equivalent worth of food

• over 55 metrics tons of food

• 44,500 individual weekly food boxes

ACTIVITIES AND STAFFING

The Foundation ran a full year’s programme of activity over 2021/22 across our four main pillars of education, health, social inclusion and sports development delivered in line with COVID restrictions applying at the time.

The Foundation sessions across the year supported its three themes of Growth, Thrive and Boost. These sessions included:

• Summer programmes from July included our usual mix of fee paying and Holiday Activity and Food (HAF) programme funded free multi-sports and arts courses delivered in areas of need. This work was replicated across the Christmas, October and Easter holidays with continued support from All England Lawn Tennis Club’s (AELTC’s) Wimbledon Foundation, Clarion Futures and other partners.

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

• Our summer 2021 National Citizen Service (NCS) projects were based on two-week programmes combining outward bound day time activities followed by workshops on personal development and volunteering. After a successful summer period our NCS provision contract was extended for a further year with an Autumn course delivered over October half term for 40 young people and recruitment taking place over the year leading to our first residential course in July / August 2022. We also ran two Skills Booster projects through NCS that provided curriculum time support to Garrett Park Special Educational Needs (SEN) school over two terms.

• Our schools’ delivery programmes also continued in full across the year largely funded by the Premier League Primary Stars project and daytime and afterschool fee paying sessions across Wandsworth and Merton schools. We continued to deliver a college football education programme at Southfields Academy school, Wandsworth for more than 30 students, 16-18 year olds, combining academic study with representing an AFC Wimbledon Foundation team. Fee paying Saturday morning and Player Development Centre along with holiday courses were particularly successful with strong numbers across the year at our Wimbledon Park and Aspire Southfields venues.

• Our community social inclusion sessions including Premier League Kicks and London Kicks continued over this period with delivery session based at Tooting and Mitcham FC, Plough Lane Kicks, Aspire Southfields and Garrett Park, with a new session starting on the High Path Estate, supported by Clarion Futures.

• We also developed a Dons Intern project through our work providing 15-20 places for 14–18 year olds to participate in work experience and volunteering placements and coaching qualifications.

• We piloted our first Twinning Project work with a local prison, HMP Coldingley in February 2022 where we coached 12 inmates to pass a FA Level One course.

• The astro – turf five a side pitch at the stadium had its first full year of use with a mixture of Foundation, community and youth team and adult booked sessions. Whilst income was modest the pitch provided an excellent resource for the Foundation to develop community and health activities at the stadium, some of which were funded by London Sport. This helped our health provision expand with new Walking Football, Active Dons, Active Aging and disability sessions and new partnership work with Nelson Health Centre.

• In April 2022 the Foundation, combined with DLAG, supported Ukraine by collecting a large van full of bedding and first aid equipment and transported these to a European football club collection point in the Netherlands.

• Dons Local Action Group (DLAG) continued its food poverty, furniture and IT donation work with the Foundation continuing to support them under our umbrella. DLAG’s work, apart from two core staff employed by the Foundation, has been led and delivered by a large body of committed volunteers. They continued to have a very successful core response to individuals and families living in poverty across SW London and increased levels of funding for their work.

Foundation staffing grew during 2021/22 to support these activities and several new appointments were made.

We employed three Kickstart staff in 2021/22, funded by the EFL Trust and central government with two staff progressing to apprenticeships within the Foundation.

A full time Community Sports Coach also started in post in September to support our schools, college, social inclusion and HAF projects.

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

A part time NCS Recruitment Officer started in post from the New Year for three days per week to support the NCS work and from January we started a recruitment drive for NCS Summer 2022 residential courses that were to be delivered in July and August.

In November 2021 we employed a Head of Fundraising to support the joint work of the Foundation and Dons Local Action Group. He supported a number of fundraising events including a Stadium Sleepover, Womble Walk and Family Fun Day abseil in May at the ground and contributed to marketing and the strategic development of the Foundation.

The Foundation appointed a part-time finance officer in May 2022 to pick up the main functions from the football club finance team.

BENEFICIARIES OF OUR SERVICES

The Foundation aims to support largely disadvantaged communities across its home boroughs of Merton, Wandsworth, Kingston and surrounding areas. Much of its work under the ‘Grow’, ‘Thrive’ work streams is focused on children and young people aged 4 – 19, many of whom will receive free school meals or be from low-income families. Our HAF free holiday projects were based in Mitcham, Pollards Hill and Tooting in particular areas of need.

Our school delivery work is focused in Wandsworth and Merton with some further schools linking with us from Kingston and Sutton for our Kids Cup and Girls Cup events.

Under our ‘Boost’ themes we also offer activity and support for older and disabled adults and those with mental health conditions. Dons Local Action Group works with disadvantaged adults and families who are usually referred from local service providers across Merton, Wandsworth and Kingston.

FINANCIAL REVIEW

The financial result for the year was a surplus of £143,554 (2020-21: £217,007).

The Foundation’s overall income grew from £847,136 in 2020-21 to £994,408. The total DLAG activities contributed £300,287 to the 2021-22 income (2020-21: £379,113). The following table facilitates a comparison of this year’s performance against last year’s results.

Donations and grants (including DLAG) Charitable activities > Sports participation > Health > Education > Social inclusion > DLAG Other income Total income	2021-22 £ 313,057 93,940 32,380 177,008 255,306 23,000 9,717 994,408	2020-21 £ 358,242 54,663 2,575 117,749 167,043 90,850 56,013
		847,136

Total expenditure increased at a faster rate than income, rising from £630,129 in 2020-21 to £850,854.

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

At 31 June 2022 the Balance Sheet shows Total Charity Funds of £479,091 (30 June 2021: 335,537). Of this, £332,325 represents unrestricted income in the General Fund (2020-21 £229,985).

In calculating Unrestricted and Restricted Reserves, where expenditure is directly attributable to specific charitable activities, it is allocated accordingly. Remaining Staff Costs, Support Costs and Governance Costs are attributed to charitable activities based on the proportions of restricted and unrestricted expenditure compared to total expenditure less support and governance costs.

Total				Unrestricted	Restricted	Total
Funds balances at	30	June	2021	229,985	105,552	335,537
Funds balances at	30	June	2022	332,325	146,766	479,091

RISK MANAGEMENT

The trustees have a duty to identify and manage the risks to which the charity is exposed and to ensure that appropriate controls are in place to mitigate the risks of fraud or error. They achieve this by means of drawing up a risk assessment of the charity’s activities and reviewing that assessment for any necessary changes at their quarterly trustee meetings.

The key delivery based risks over this period have been potential safeguarding and health and safety issues at all practical sessions. These are mitigated by lead staff completing risk assessments, quality assurance visits and staff training days to monitor implementation of staff practice.

Key financial risks are related to projects such as NCS who have rolled out contracts from year to year and whose outputs have been challenging to reach, thus having a degree of uncertainty regarding final income. As such we have not over committed resources on this project and ensured a second staff member was taken on part time on a fixed term contract.

The financial and cash handling processes of DLAG were an area of concern after a theft from the warehouse hub and these were reviewed and improved after this incident. The Foundation Director attended fortnightly DLAG Leadership Group meetings to monitor the work programmes of this volunteer based project.

Towards the end of this financial year the Foundation agreed to the separation of DLAG from the Foundation to establish their own food poverty based charity. This process has been planned to ensure that the Foundation complied with Charity Commission rules and a separation could be completed amicably.

Following last year’s audit a finance committee now sits quarterly to monitor closely the financial position of the charity, review project risks and analyse financial management accounts and budgets, reporting back to the full board.

RESERVES POLICY AND GOING CONCERN

The trustees understand the importance of holding unrestricted funds that are freely available to spend on any of the charity’s purposes. The trustees review and examine the actual and expected level of incoming resources and outgoing expenditure on a quarterly basis to satisfy themselves that sufficient reserves are retained to ensure that the Foundation can meet its obligations.

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AFC Wimbledon Foundation Trustees’ annual report for the year ended 30 June 2022

The trustees recognise that much of the Foundation’s expenditure is incurred only once appropriate funding has been obtained. If restricted income (e.g. grants that are for the delivery of specific projects) were to decrease, then a matching decrease in expenditure can be implemented accordingly.

The trustees appreciate that DLAG accounts for the majority of unrestricted reserves at 30 June 2022, and that, although we have always had sufficient restricted reserves as an organisation, following the separation from DLAG it is vital for the Foundation to continue to grow its unrestricted reserves.

One key area for us to support this work has been the full time Head of Fundraising post, which, having previously been split 50:50 with DLAG, has been focussed exclusively on core Foundation objectives since October 2022. The target of this role is to bring an additional £100,00 into the organisation through fundraising events, donations and grant applications, and the postholder is already making significant progress in this area. This work, together with a continued more appropriate allocation of core costs across both restricted and unrestricted income streams, gives us confidence that we will be able to develop improved levels of unrestricted reserves, all of which has been factored into our forecasts through to the financial year 2023-24.

In summary, the trustees have reviewed the reserves position along with income and expenditure for the 2022-23 financial year and forecasts through to 2024. The trustees consider the organisation will be able to continue operating for at least one year from when the accounts have been signed.

PLANS FOR THE FUTURE

The Foundation has developed three strands of activity as a focus for the next 18 months as a means to sharpen up its presentation of its wider objectives:

• Active Lifestyles in Local Children

• To improve the lives of Older People

• Sustainable Sports Participation for Women and Girls

Our wider aim is to increase our participation levels by an extra 1000 by 2024 from 2500 to 3500 participants per week.

This would mean increasing the number of sessions and activities we deliver each week, building a stronger and generally contracted staff team to ensure commitment and quality and expanding our schools work and presence in Merton in particular, with closer integration to the council’s objectives such as its aim to become a leading Borough of Sport.

As such we have obtained major funding from Merton Council to lead an older health preventative measures project from 2023 and secondly support for a youth justice project from Streetgames / Ministry of Justice.

Nationally the EFL Trust has lost the NCS contract for summer 2023 and this will potentially impact on the Foundation’s staffing and income from this form of work. As a result, we are making one NCS part time post holder redundant and are repurposing our NCS Manager post to a Youth Engagement Manager one, and are seeking new funding streams in this area, including exploring partnerships around the revised NCS model of delivery and developing a new youth offer for schools and community groups.

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

Another development following from our three strands will be the appointment of a full time Girls and Women’s Officer from January 2023 after increased funding from AELTC’S Wimbledon Foundation and potentially a Social Inclusion Lead in the new year. We are also looking to expand our college provision for 16–18 year olds, and develop a female based team. The introduction of disability sessions to our offer will provide wider inclusive outreach to our community.

The Foundation is planning to benchmark, by diversity, all its participants, staff and trustees so it can review, assess and address where there are diversity gaps. The Foundation continues to work through the EFL / PL Capability process that provides a benchmark for standards and appropriate policies for Community Club Organisations.

In June 2022 the founder of DLAG, Xavier Wiggins, proposed a separation from the Foundation and the formation of a new DLAG charity to focus solely on a food poverty response. The Foundation and DLAG staff have been working on this process over the last six months, with a formal separation expected before the end of the 2022-23 financial year. It was agreed that the Head of Fundraising post, previously shared with DLAG, was to be reallocated solely to the core Foundation objectives from October 2022. The Foundation and DLAG have taken legal advice and drafted an asset transfer agreement to ensure the separation process is transparent and well executed.

Finally, we are reaffirming our joint work with our host football club to promote activity in and around the stadium led by the Foundation, cementing our role as its lead community charity and supporting its objectives to provide a family friendly environment.

FUNDRAISING

AFC Wimbledon Foundation raises funds from the public but does not work with professional fundraisers or commercial participators. This charity does not have any trading subsidiaries.

The Foundation receives funding support from a range of partners including key national agencies such as Premier League, EFL Trust, NCS Trust, local support from Merton Council, Clarion Futures, Wimbledon Foundation as well as fee paying local schools and community organisations. Paid coaching courses and holiday courses make up other elements of funding.

Our unrestricted funding through donations and fundraising continued to increase over this period particularly as the bulk of DLAG support has been through this method. Events based fundraising included a Stadium ‘Sleepover’, Stadium Family Fun Day and abseil and a Womble Walk activity.

From October 2022 the Head of Fundraising post was taken on in full by the Foundation after previously being split 50/50 with DLAG, with the goal of providing a £100k target by the end of the 2022/23 financial year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is guided by its governing documents, its memorandum and articles of association. It is a company, limited by guarantee, as defined by the Companies Act 2006. AFC Wimbledon Foundation Limited was incorporated on 31 July 2013 and registered as a charity on 14 October 2013. The charity started trading on 1 July 2014.

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

Trustees

The trustees, who are directors for the purposes both of company law and charity law, who served during the year and up to the date of this report, are set out on page 2 of this report.

No trustees receive any remuneration, payments or benefits from the charity.

Induction and training of new trustees

On appointment the trustees receive a comprehensive induction. In the opinion of the board, the trustees have sufficient knowledge of their specific field to understand the nature and objectives of the charity and to monitor the achievement of those objectives. Training is made available for trustees if they consider that they require it to fulfil their responsibilities.

Organisational structure

The trustees are responsible for the strategic direction and policies of the charity. They meet quarterly to review key performance indicators and progress against strategic aims. The day-to-day running of the charity is led by Philip Rudling.

Remuneration Policy

AFC Wimbledon Foundation remuneration offers fair pay to attract and retain appropriately skilled and qualified staff to lead, manage, support and deliver the charity’s aims.

Remuneration plans are discussed by trustees in the context of the annual budgeting process and as ad hoc decisions are made through the course of the year. Trustees are directly responsible for setting remuneration for the AFC Wimbledon Foundation chief executive and other individuals considered to be key management personnel.

In deciding levels of pay and rewards, consideration is given to:

• a) the purposes, aims and values of the charity, and its beneficiaries’ needs

• b) how this affects pay policy for all employees, and for the senior staff in particular

• c) how pay is linked to the skills, experiences and competencies that the charity needs from its staff and the scope of their roles

• d) how implementing the charity’s business plans may affect the number of staff the charity needs to employ or recruit, and the nature of these roles

• e) the charity’s ability to pay, including:

• the benefit to the charity that staff roles bring, and

• the cost to the charity of increasing remuneration levels

Wider network

The charity does not consider itself to be part of a wider network.

Related parties

The trustees do not consider that AFC Wimbledon Limited is a related party although representatives of AFC Wimbledon also represent the charity.

STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES

The trustees (who are also directors of AFC Wimbledon Foundation for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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AFC Wimbledon Foundation

Trustees’ annual report for the year ended 30 June 2022

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of 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

• Observe the methods and principles in the Charities Statement of Recommended Practice (SORP)

• Make judgements and estimates that are reasonable and prudent

• State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The trustees are responsible for keeping adequate 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. In so far as the trustees are aware:

• There is no relevant audit information of which the charitable company’s auditor is unaware

• The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

AUDITOR

Sayer Vincent LLP was reappointed as the company's auditor in 2022 and has expressed its willingness to continue in that capacity.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 22 March 2023 and signed on their behalf by:

Chair

Trustee

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AFC Wimbledon Foundation Trustees’ annual report for the year ended 30 June 2022

Independent auditor’s report

Opinion

We have audited the financial statements of AFC Wimbledon Foundation (the ‘charitable company’) for the year ended 30 June 2022 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

• Give a true and fair view of the state of the charitable company’s affairs as at 30 June 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended

• Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice

• Have been prepared in accordance with the requirements of the Companies Act 2006

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on AFC Wimbledon Foundation's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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AFC Wimbledon Foundation Trustees’ annual report for the year ended 30 June 2022

Other Information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• The information given in the trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• The trustees’ annual report, including the strategic report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

• The financial statements are not in agreement with the accounting records and returns; or

• Certain disclosures of trustees’ remuneration specified by law are not made; or

• We have not received all the information and explanations we require for our audit; or

• The directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ annual report and from the requirement to prepare a strategic report.

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AFC Wimbledon Foundation Trustees’ annual report for the year ended 30 June 2022

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

• We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:

• Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;

• Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;

• The internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations.

• We inspected the minutes of meetings of those charged with governance.

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AFC Wimbledon Foundation Trustees’ annual report for the year ended 30 June 2022

• We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.

• We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.

• We reviewed any reports made to regulators.

• We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.

• We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

• In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanna Pittman (Senior statutory auditor)

24 March 2023

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

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AFC Wimbledon Foundation

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 June 2022

For the year ended 30 June 2022	For the year ended 30 June 2022
Unrestricted Note £ Income from: 2 106,669 3 88,800 3 4,841 3 136,933 3 92,296 3 23,000 4 40,841 136 493,516 5 64,406 5 66,649 5 5,407 5 135,343 5 97,173 5 22,198 391,176 - 102,340 Reconciliation of funds: 229,985 332,325 DLAG £ Donations and grants 198,791 Charitable activities 23,000 Other trading income 78,496 Investments - Total income 300,287 Total funds carried forward Transfers between funds Net movement in funds Total funds brought forward The following table breaks down the income split between DLAG and non-DLAG sources: 6 Net income / (expenditure) for the year Total income Expenditure on: Other trading activities 102,340 Raising funds Total expenditure Charitable activities Education Social inclusion DLAG Sports participation Health Investments Donations and grants Charitable activities Education Sports participation Health Social inclusion DLAG		Restricted £ 206,388 5,140 27,539 40,075 163,010 - 58,740 -	2022 Total £ 313,057 93,940 32,380 177,008 255,306 23,000 99,581 136	Unrestricted £ 125,736 47,163 750 77,596 49,466 90,850 56,008 5	Restricted £ 232,506 7,500 1,825 40,153 117,577 - - -	2021 Total £ 358,242 54,663 2,575 117,749 167,043 90,850 56,008 5
	493,516	500,892	994,408	447,574	399,561	847,136
	64,406 66,649 5,407 135,343 97,173 22,198	1,414 1,463 8,147 49,999 161,124 237,531	65,820 68,112 13,554 185,342 258,297 259,729	1,065 35,815 5,752 98,102 111,751 42,604	- 6,403 3,099 26,649 66,384 232,506	1,065 42,217 8,850 124,750 178,136 275,110
	391,176	459,678	850,854	295,088	335,040	630,129
	102,340	41,214	143,554	152,486	64,521	217,007
	-	-	-	(407)	407	-
	102,340 229,985	41,214 105,552	143,554 335,537	152,080 77,905	64,927 40,624	217,007 118,530
	332,325	146,766	479,091	229,985	105,552	335,537
	DLAG £ 198,791 23,000 78,496 -	Non-DLAG £ 114,266 558,634 21,085 136	2022 Total £ 313,057 581,634 99,581 136	DLAG £ 232,506 90,850 55,758 -	Non-DLAG £ 125,736 342,031 250 5	2021 Total £ 358,242 432,881 56,008 5
	300,287	694,121	994,408	379,113	468,022	847,136

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16a to the financial statements.

16

AFC Wimbledon Foundation

Balance sheet

As at 30 June 2022

As at 30 June 2022
Note Current assets: 11 Liabilities: 12 16 Total unrestricted funds Total assets less current liabilities Debtors Restricted income funds Unrestricted income funds: The funds of the charity: Creditors: amounts falling due within one year Net current assets Total net assets Cash at bank and in hand General funds Total charity funds	£ 151,718 446,852	2022 £ 479,091	£ 94,627 321,562	2021 £ 335,537
	598,570 (119,479)		416,189 (80,652)
	332,325		229,985
		479,091		335,537
		479,091		335,537
		146,766 332,325		105,552 229,985
		479,091		335,537

Approved by the trustees on 22 March 2023 and signed on their behalf by

Trustee Jennifer Scott

Trusteee Peter Aves

Company number - 08632521

17

AFC Wimbledon Foundation

Statement of cash flows

For the year ended 30 June 2022

AFC Wimbledon Foundation For the year ended 30 June 2022 Statement of cash flows
Cash flows from operating activities Net income for the reporting period (as per the statement of financial activities) (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by / (used in) operating activities Cash at bank and in hand Total cash and cash equivalents Total Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Analysis of cash and cash equivalents and of net debt Cash and cash equivalents at the end of the year	£ 143,554 (57,091) 38,827 At 1 July 2021 £ 321,562	£ £ 217,007 (38,567) 22,980 125,290 125,290 321,562 446,852 Cash flows Other non- cash changes £ £ 125,290 - 2022	£ 2021
			201,420
			201,420 120,142
			321,562
			At 30 June 2022 £ 446,852
	321,562	125,290 -	446,852
	321,562	125,290 -	446,852

18

AFC Wimbledon Foundation

Notes to the financial statements For the year ended 30 June 2022

1 Accounting policies

a) Statutory information

AFC Wimbledon Foundation is a charitable company limited by guarantee and is incorporated in England.

The registered office address is Plough Lane Stadium, Plough Lane, Wimbledon, SW17 0NR.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: 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 (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The key judgements that the charity has made relate to the value of in-kind benefits, notably the office space provided by the football club and warehouse space provided by Cappagh. The trustees do not consider that there are any other sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have reviewed the budget and cash flow for the next 12 months and consider that the Foundation remains able to maintain the current levels of activity and discharge its liabilities in the normal course of business through this period.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

19

AFC Wimbledon Foundation Notes to the financial statements For the year ended 30 June 2022

1 Accounting policies (continued)

• h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose

• Expenditure on charitable activities includes the costs of delivering services and other educational and sporting activities undertaken to further the purposes of the charity and their associated support costs

• Other expenditure represents those items not falling into any other heading

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Allocation of support costs Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which is an estimate, based on relative expenditure, of the amount attributable to each activity.

	Raising Funds	8%
	Sports participation	8%
	Health	1%
	Education	22%
	Social inclusion	30%
	Dons Local Action Group (DLAG)	31%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

• k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £2,500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

• l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

• m) Cash at bank and in hand

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.

• n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) 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.

• p) Pensions

The amount charged to the Statement of Financial Activities in respect of pension costs is the contribution payable in the year. Any difference arising between contributions payable in the year and the contributions actually paid is shown as an accrual in the balance sheet.

20

AFC Wimbledon Foundation

Notes to the financial statements For the year ended 30 June 2022

2 Income from donations and grants

Income from donations and grants
Grants Donations - DLAG Donations - non-DLAG Donated services	Unrestricted £ 34,697 - 11,222 60,750	£ 27,597 178,791 - - Restricted	2022 Total £ 62,294 178,791 11,222 60,750	Unrestricted £ 66,679 - 17,807 41,250	£ - 232,506 - - Restricted	2021 Total £ 66,679 232,506 17,807 41,250
	106,669	206,388	313,057	125,736	232,506	358,242

Grants comprise £34,697 [2021: £40,441] unrestricted EFL core funding; £19,597 [2021: £nil] restricted funding from the EFL for apprentices; £8,000 [2021: £nil] restricted funding from the EFL for business development; and £nil [2021: 26,238] from HMRC in respect of Covid-related furlough costs

Donated services, gratefully received by the Foundation, include the use of: office space, facilities usage and professional services from AFC Wimbledon to the value of £40,750 [2021: £17,250]; warehouse space for DLAG from Cappagh to the value of £20,000 for the year [2021: £15,000]; and office space from Southfields Academy to the value of £nil for the year [2021: £9,000).

3 Income from charitable activities

Income from charitable activities
Sports participation - Other Charitable activity: Sports participation Fulcrum Health - Other Charitable activity: Health Southfields Academy Premier League Charitable Fund Education - Other Charitable activity: Education EFL Trust London Borough of Merton Clarion Futures Premier League Charitable Fund London Marathon Charitable Trust All England Lawn Tennis Club Wimbledon Foundation London Borough of Wandsworth Greater London Assembly Social inclusion - Other Charitable activity: Social inclusion London Borough of Merton DLAG - Other Charitable activity: DLAG Fundraising events Pitch hire Merchandise income DLAG auction / sale of donated goods Income from other trading activities Total income from charitable activities	Unrestricted £ 88,800	£ 5,140 Restricted	2022 Total £ 93,940	Unrestricted £ 47,163	£ 7,500 Restricted	2021 Total £ 54,663
	88,800 - 4,841	5,140 15,000 12,539	93,940 15,000 17,380	47,163 - 750	7,500 - 1,825	54,663 - 2,575
	4,841 51,600 - 85,333	27,539 - 40,000 75	32,380 51,600 40,000 85,408	750 31,430 - 46,166	1,825 - 40,153 -	2,575 31,430 40,153 46,166
	136,933 88,666 - - - - - - - 3,630	40,075 - 54,645 22,415 25,000 24,000 19,500 10,150 - 7,300	177,008 88,666 54,645 22,415 25,000 24,000 19,500 10,150 - 10,930	77,596 49,466 - - - -	40,153 29,020 15,941 20,000 16,125 36,491	117,749 49,466 - - 29,020 15,941 20,000 - 16,125 36,491
	92,296 20,000 3,000	163,010 - -	255,306 20,000 3,000	49,466 50,000 40,850	117,577 - -	167,043 50,000 40,850
	23,000	-	23,000	90,850	-	90,850
	345,870	235,764	581,634	265,825	167,055	432,881
	Unrestricted £ 14,361 7,055 3,553 15,872	£ 58,740 - - - Restricted	2022 Total £ 73,101 7,055 3,553 15,872	Unrestricted £ 250 55,758	£ Restricted	2021 Total £ 250 - - 55,758
	40,841	58,740	99,581	56,008	-	56,008

• 4 Income from other trading activities

21

AFC Wimbledon Foundation

Notes to the financial statements

For the year ended 30 June 2022

5a Analysis of expenditure (current year)

Analysis of expenditure (current year)
Staff costs (Note 7) Direct cost - Coaching, venue hire & events Direct cost - Computers Direct cost - Equipment and food Direct cost - Fuel, vehicle & travel costs Direct cost - Kit & clothing costs Direct cost - Payments to Partner Organisations Other direct costs Support cost - IT costs & office equipment Support cost - Professional fees Support cost - Admin expenses & other support costs Donated services - premises & facilities costs Donated services - professional services Support costs Governance costs Total expenditure 2022 Total expenditure 2021	Raising funds £ 38,619 8,905 - - - - - 509 - - - - -		Charitable activities				Governance costs £ - - - - - - - - - 9,070 - - -	Support costs £ 120,960 1,005 - 2,309 5,793 - - 6,118 4,259 32,812 2,697 34,500 6,250	2022 Total £ 523,628 77,240 13,227 16,605 25,502 18,316 22,654 32,836 8,392 45,872 5,832 54,500 6,250	2021 Total £ 390,366 30,000 54,723 5,922 15,743 26,991 - 21,740 13,031 13,230 17,132 33,750 7,500
		Sports participation £ 41,935 5,620 - 926 - - - 1,224 - - - - -	Health £ 1,266 6,907 - 497 - 500 - 721 - - - - -	Education £ 123,245 440 - - 3,070 8,121 - 140 - 240 - - -	Social inclusion £ 119,763 52,477 - 5,709 4,180 - - 6,017 - - 348 - -	DLAG £ 77,840 1,886 13,227 7,164 12,459 9,695 22,654 18,107 4,133 3,750 2,787 20,000 -
	48,033 17,090 697	49,705 17,686 721	9,891 3,519 144	135,256 48,124 1,962	188,494 67,068 2,735	193,702 63,216 2,811	9,070 - (9,070)	216,703 (216,703) -	850,854 - -	630,129 -
	65,820	68,112	13,554	185,342	258,297	259,729	-	-	850,854	630,129
	1,065	42,217	8,850	124,750	178,136	275,110	-	-	630,129

Payments to partner organisations represent grants paid in the year to three charities - Faith in Action, Kcah, and Tooting Community Kitchen.

22

AFC Wimbledon Foundation

Notes to the financial statements

For the year ended 30 June 2022

5b Analysis of expenditure (prior year)

Analysis of expenditure (prior year)
Staff costs (Note 7) Direct cost - Coaching, venue hire & events Direct cost - Computers Direct cost - Equipment Direct cost - Fuel & vehicle costs Direct cost - Kit & clothing costs Other direct costs Support cost - IT costs & office equipment Support cost - Professional fees Support cost - Admin expenses & other support costs Donated services - premises & facilities costs Donated services - professional services Support costs Governance costs Total expenditure 2021	Raising funds £ 36 - - - - - 670 - - - - -		Charitable activities				Governance costs £ - - - - - - - - 8,630 - - -	Support costs £ 133,625 - - - 2,360 6,028 - 10,065 4,600 5,767 33,750 7,500	2021 Total £ 390,366 30,000 54,723 5,922 15,743 26,991 21,740 13,031 13,230 17,132 33,750 7,500
		Sports participation £ 19,339 7,378 - 443 - - 832 - - - - -	Health £ 636 4,628 - - - - 604 - - - - -	Education £ 69,033 535 - - 100 12,034 1,013 - - - - -	Social inclusion £ 93,717 17,156 - 2,101 - - 3,260 756 - 1,122 - -	DLAG £ 73,979 303 54,723 3,379 13,283 8,929 15,360 2,210 - 10,243 - -
	706 344 15	27,992 13,647 578	5,868 2,861 121	82,715 40,327 1,709	118,112 57,584 2,440	182,410 88,932 3,768	8,630 - (8,630)	203,695 (203,695) -	630,129 -
	1,065	42,217	8,850	124,750	178,136	275,110	-	-	630,129

23

AFC Wimbledon Foundation

Notes to the financial statements

For the year ended 30 June 2022

• 6 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
	2022	2021
	£	£
Auditor's remuneration
Audit	7,550	7,200

7 2022 £ 477,165 38,576 7,887 523,628 Staff costs were as follows: Salaries and wages Social security costs Employer’s contribution to defined contribution pension schemes Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel	7 2022 £ 477,165 38,576 7,887 523,628 Staff costs were as follows: Salaries and wages Social security costs Employer’s contribution to defined contribution pension schemes Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel	2021 £ 354,186 30,547 5,633
	523,628	390,366

No employee earned more than £60,000 during the year (2021: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £52,428 (2021: £52,322).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2017: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).

Trustees' expenses in the year were £nil (2021: £nil).

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 29.5 (2021: 20.7).

Coaching and management staff Staff are split across the activities of the charity as follows:	2022 No. 29.5	2021 No. 20.7
	29.5	20.7

9 Related party transactions

There are no related party transactions to disclose for this financial year (2021: none).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

The Foundation works closely with AFC Wimbledon in the course of its activities, and benefits from the use of office space and facilities provided by the Club, as stated in Note 2. As at 30 June 2022, the Foundation owed £32,506 to the Club (2021: £23,466) (note 12).

10 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

24

AFC Wimbledon Foundation

Notes to the financial statements

For the year ended 30 June 2022

11 Debtors

11 Debtors
12 Trade debtors Other debtors Prepayments Accrued income Creditors: amounts falling due within one year Other creditors Accruals Deferred income (note 13) Trade creditors Amounts due to associated undertakings	2022 £ 41,443 1,200 4,423 104,652	2021 £ 29,346 400 0 64,881
	151,718	94,627
	2022 £ 4,891 9,060 32,506 25,278 47,744	2021 £ 10,012 8,630 23,466 - 38,543
	119,479	80,652

13 Deferred income

Deferred income comprises £34,500 relating to the NCS project, £8,000 in business development grants from the EFL Trust, £2,083 relating to the Social Inclusion Kicks project, and £3,333 relating to the Primary Stars project.

Trust, £2,083 relating to the Social Inclusion Kicks project, and £3,333 relating to the Primary	Stars project.
Balance at the beginning of the year Amount released to income in the year Amount deferred in the year Balance at the end of the year	2022 £ 38,543 (106,812) 116,013	2021 £ 33,197 (33,197) 38,543
	47,744	38,543

14 Pension scheme

The amount charged to the Statement of Financial Activities in respect of pension costs is the contribution payable in the year. Any difference arising between contributions payable in the year and the contributions actually paid is shown as an accrual in the balance sheet.

15a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Analysis of net assets between funds (prior year) Net assets at 30 June 2021 Tangible fixed assets Investment properties Investments Net current assets Net assets at 30 June 2022 Net current assets	General unrestricted £ 332,325	Designated £ -	Restricted £ 146,766	Total funds £ 479,091
	332,325	-	146,766	479,091
	General unrestricted £ - - - 229,985	Designated £ - - - -	Restricted £ - - - 105,552	Total funds £ - - - 335,537
	229,985	-	105,552	335,537

15b Analysis of net assets between funds (prior year)

25

AFC Wimbledon Foundation

Notes to the financial statements

For the year ended 30 June 2022

16a Movements in funds (current year)

Movements in funds (current year)
Total restricted funds General funds Unrestricted funds: EFL Kickstart programme Twinning Project EFL Business Development Grant London Kicks Marathon London Sport Restricted funds: Phipps Bridge / Active Dons Primary Stars Social Inclusion Kicks Social Inclusion Funding Wandsworth Social Inclusion Clarion DLAG Dons Fit Get Set To Go Total funds Total unrestricted funds	At 01 July 2021 £ 19,403 27,190 26,673 4,285 904 - - 1,449 24,551 1,097 - - -	Income & gains £ 101,230 40,075 35,280 - - 237,531 25,789 1,750 24,000 5,140 19,597 8,000 2,500	Expenditure & losses £ (90,418) (46,017) (47,647) - (376) (237,531) (5,364) (2,492) (16,362) - (12,700) - (771)	Transfers £ - - - - - - - - - - - - -	At 30 June 2022 £ 30,215 21,248 14,306 4,285 528 - 20,425 707 32,189 6,237 6,897 8,000 1,729
	105,552	500,892	(459,678)	-	146,766
	229,985	493,516	(391,176)	-	332,325
	229,985	493,516	(391,176)	-	332,325
	335,537	994,408	(850,854)	-	479,091

The narrative to explain the purpose of each fund is given at the foot of the note below.

16b Movements in funds (prior year)

Movements in funds (prior year)
Total restricted funds General funds Restricted funds: Primary Stars Get Set To Go Social Inclusion Kicks Social Inclusion Funding Wandsworth Social Inclusion Clarion DLAG Dons Fit Total funds Phipps Bridge / Active Dons Unrestricted funds: Total unrestricted funds London Sport London Kicks Marathon	At 30 June 2020 £ (4,221) 13,685 11,315 4,345 1,406 - (115) 2,430 11,778 -	Income & gains £ 72,616 40,153 29,020 - - 232,506 75 1,750 15,941 7,500	Expenditure & losses £ (48,992) (26,649) (13,662) (60) (502) (232,506) (367) (2,732) (3,168) (6,403)	Transfers £ - - - - - - 407 - - -	At 30 June 2021 £ 19,403 27,190 26,673 4,285 904 - - 1,449 24,551 1,097
	40,624	399,561	(335,040)	407	105,552
	77,905	447,574	(295,088)	(407)	229,985
	77,905	447,574	(295,088)	(407)	229,985
	118,530	847,136	(630,129)	-	335,537

26

AFC Wimbledon Foundation

Notes to the financial statements For the year ended 30 June 2022

Purposes of restricted funds

Phipps Bridge / Active Dons: Provision of free holiday multisports camps with food for children.

Primary Stars: School sports coaching and curriculum support.

Social Inclusion Kicks: Early evening estate-based youth football activities.

Social Inclusion Funding Wandsworth: Free multisports camps.

Social Inclusion Clarion: Match funding for the Kicks project.

DLAG KKC Funding: to provide computers for schoolchildren.

Dons Fit: Older health and fitness sessions.

Get Set To Go: Mental health and football project.

London Kicks Marathon: Sports activities for girls and women.

London Sport: Free sports equipment for children.

EFL Kickstart programme: Funding for young people to gain professional work experience EFL Business Development Grant: Funding for the purchase of a vehicle

Twinning Project: Football coaching course within a prison setting.

27