Finance Report to AGM for Financial Year End 31.08.2022
Registered Charity No. 1154212
2021-22 was another positive year for the COGS Charity, with significant progress made on key areas, especially around the construction of the COGS pavilion building. This was in spite of the latter stages of the national impact of the Covid-19 pandemic still being felt across the High Peak.
The committee decided again not to hold the annual field day in 2022 whilst progress was made on the construction of the pavilion. Following the initial planning stages, undertaken during 2019-20, and the appointment of JP Construction & Joinery Ltd as the preferred supplier in 2021-22, work commenced in October 2021. Continuing through 2021-22 the building phase entered the final stages towards the end of this financial year, with some minor works required to complete.
COGS started the year with a cash balance of just under £26k and at the year end the closing balance was just under £16k. The prior year accounts for 2020-21 were agreed in year and submitted to the Charity Commission within the required deadline.
Income
Income received throughout the year amounted to £186k and was received from several different sources, as the COGS Committee worked in partnership with our funders in order to maintain an appropriate level of cashflow to support the building phase of the project.
Income received during the year can be broken down as follows:
| Income | ||
|---|---|---|
| - | Football Foundation | £22,664 |
| - | WBTC | £10,000 |
| - | Derbyshire Environmental | £50,000 |
| £101,00 | ||
| - | DCC | 0 |
| - | Football Subscriptions | £1,060 |
| - | Donations | £252 |
| - | Fundraising | £1,000 |
| £185,97 | ||
| Total | 6 |
Expenditure
The most significant area of spend during 2021-22 related to the build stage of the project, with just under £190k paid to JP Construction & Joinery Ltd during the year. This expenditure funded the majority of the construction of the pavilion building.
Under the terms of the grant received from Tarmac, we were required to make a contribution, this is shown in the analysis below - £2.5k. Other expenditure during the year included payments for grounds maintenance, planning fees to High Peak Borough Council, reimbursement for electricity used during the build from a local resident and our annual insurance premium.
| Expenditure | ||
|---|---|---|
| - | Grounds Maintenance | £723 |
| £188,73 | ||
| - | Building Costs | 3 |
| - | Fees | £2,562 |
|---|---|---|
| - | Grant Contribution | £2,466 |
| Electricity | ||
| - | Reimbursement | £1,000 |
| - | Insurance | £711 |
| £196,19 | ||
| Total | 5 |
Additional points to note, which support the current financial position, are as follows:
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Significant progress has been made on the build stage of the project in-year and successful delivery of a completed pavilion building was achieved shortly after the financial year end 2021-22.
-
The local primary school and football club have continued to actively use the field for sport and recreational activities throughout the year.
-
Other local football and sports clubs have also utilised the facilities during the financial year, and this is expected to grow as the building is completed and marketing of the facility is progressed during 2022-23
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An official opening ceremony will take place at a date to be agreed in 2023, once the final defects have been corrected and the building is operational. All stakeholders and supporters who have been involved in the project will be invited, along with press and community groups, to celebrate the completion of this significant phase in 2022-23.
Any questions in relation to this report or other financial matters related to the operation of the charity can be directed to Andrew Wild COGS Treasurer, who will provide further clarity if required.
Andrew Wild COGS Treasurer 13[th] June 2023
Annex I Ra1X ReknKe Ba iTrn(Wl FPI EsNre £YIIXA).IXI 191(¥2021 WBAFC 2JI(¥2021 FF Gra BGC oin112021 rKc BGC 1giir2021 FF BGC (WIJ2021 FF Gr BGC IL¥1212021 BGC LI)il I710V2 FP WBTC GBrt CW0212022 FF Gra BGC IIIOW2022 c BGC £321.94 £25,(m.fA) £25.rxKI.rx) £30,(m.rA) (rJI(V21 FP I P Cttstiirtx) i]n]121 FP I P 3YIIIX)21 FP I P CIXtstntifI Jyi]rJ)21 FP Ls FLKlilt 1 FP Tvry Wats 2W12R021 FP Acce5S I(ra[e 17101Q022 FP I P Ccr6trxlK 24voif2UL (YX)122 £3.(XXJ. a(yx).Th) £35.(N) £.(.(Al aE4YJ.C £X).LW.LK) £2.240.05 £5.953.22 FP UU 0710312022 FF BGC 2J0312022 BGC CofÈe M(rriro77 2Y0312022 [C BGC £3,fAXJ.(KJ £LCXXJ.CKI £xi,(m.rKJ £xi,(m.rA) EL64.51 FP Attss irtsLfartÈ [111 3V0>2022 FF G BGC 1210412022 8GC CknWi( 2W12022 tEC BGC IL¥0Y2 BGC L>JTh)tsL £r2. ).(#) OV07R022 FP GC Ltd OY0712022 FP Tth'r¥J IWQ022 FP 0Bri 37r)22 FP I P £EW. 2.465.78 £i.(.Lyj £10.[.[1) £567.38 £581.C £Lfm.fA) £SL £& I&OY2022 BGC trtic 2SOY2022 BGC 2YOY2022 BGC ENYtir 3r¥0512022 FVFC 3r¥0512022 BGC rknrthtx) 31¥0512022 BGC tXKYkn(x) 121(th22 WBAFC 2y(EQ022 FVFC IJLV2022 FF BGC 171(W2022 FF BGC FP AN Stwl £.(Al £LEé4.¢X) Tctsl £1&975.Xl £1195.27 OUCV¥2021 Bfv1 RererA5 ExtV6 3V(WnJ22 Cfv&l £25,754. £185.975.Y) -£1.195.27 £.$35. £15,535.21 £O.C() £15.535.21 Bark state 31.(A.2(J22 £O.(K) CTrk
COGS Annual Financial Statement 2021-2022
| Date | Receipt Reference | Bank |
|---|---|---|
| 10/08/2021 | FP1 Derbyshire Environment | £50,000.00 |
| 10/15/2021 | WBAFC | £260.00 |
| 10/22/2021 | FF Grant BGC | £3,000.00 |
| 11/01/2021 | DCC BGC | £50,000.00 |
| 11/19/2021 | FF Grant BGC | £3,000.00 |
| 12/06/2021 | FF Grant BGC | £3,600.00 |
| 12/10/2021 | BGC Donation | £20.00 |
| 01/17/2022 | FP WBTC Grant | £10,000.00 |
| 02/04/2022 | FF Grant BGC | £3,600.00 |
| 02/11/2022 | DCC BGC | £50,000.00 |
| 02/21/2022 | BGC Donation | £20.00 |
| 03/07/2022 | FF Grant BGC | £3,600.00 |
| 03/22/2022 | BGC Cofee Morning?? | £1,000.00 |
| 03/23/2022 | DCC BGC | £800.00 |
| 03/31/2022 | FF Grant BGC | £3,600.00 |
| 04/12/2022 | BGC Donation | £100.00 |
| 04/29/2022 | DCC BGC | £200.00 |
| 05/10/2022 | BGC Donation | £20.00 |
| 05/11/2022 | BGC Donation | £5.00 |
| 05/16/2022 | BGC Donation | £6.50 |
| 05/23/2022 | BGC Donation | £20.00 |
| 05/25/2022 | BGC Donation | £20.00 |
| 05/30/2022 | FVFC | £300.00 |
| 05/30/2022 | BGC Donation | £20.00 |
| 05/30/2022 | BGC Donation | £20.00 |
| 06/12/2022 | WBAFC | £300.00 |
| 06/23/2022 | FVFC | £200.00 |
| 08/12/2022 | FF Grant BGC | £600.00 |
| 08/17/2022 | FF Grant BGC | £1,664.00 |
| Total | £185,975.50 |
09/01/2021 Balance Bfwd £25,754.98 Receipts £185,975.50 Expenses -£196,195.27 08/31/2022 Balance Cfwd £15,535.21
| Date | Detail | Bank | |
|---|---|---|---|
| 10/05/2021 | 000121 | £321.94 | - |
| 10/05/2021 | FP JP Construction | £25,000.00 | - |
| 11/11/2021 | FP JP Construction | £25,000.00 | - |
| 11/30/2021 | FP JP Construction | £30,000.00 | - |
| 11/30/2021 | FP Les Footitt | £35.00 | - |
| 11/30/2021 | FP Terry Watson | £35.00 | - |
| 12/29/2021 | FP Access insurance | £546.80 | - |
| 01/17/2022 | FP JP Construction | £30,000.00 | |
| 01/24/2022 | 000122 | £2,240.05 | |
| 02/08/2022 | FP Electricity NW | £5,953.22 | |
| 02/09/2022 | FP UU | £206.00 | |
| 02/18/2022 | FP JP Construction | £30,000.00 | |
| 03/15/2022 | FP JP Construction | £30,000.00 | |
| 05/18/2022 | FP Access insurance | £164.51 | |
| 05/26/2022 | FP Terry Watson | £72.00 | |
| 06/06/2022 | FP Signs Made Here | £120.00 | |
| 07/01/2022 | FP GC Ltd | £600.00 | |
| 07/05/2022 | FP Tarmac Trading | £2,465.78 | |
| 07/14/2022 | FP KT O'Brien | £1,000.00 | |
| 07/20/2022 | FP JP Construction | £10,000.00 | |
| 07/21/2022 | FP Drinkwaters | £567.38 | |
| 08/05/2022 | FP Les Footitt | £581.09 | |
| 08/05/2022 | FP AN Stead | £1,000.00 | |
| 08/05/2022 | FP J Gregory | £286.50 | |
| Total | £196,195.27 | ||
| £185,975.50 | |||
| £15,535.21 | £0.00 | ||
| £15,535.21 | Bank Statement 31.08.2022 | ||
| £0.00 | Check |
| Income | Expenditure | |
|---|---|---|
| Football Foundation | £22,664 | -Grounds Maintenance |
| WBTC | £10,000 | -Building Costs |
| Derbyshire Environmental | £50,000 | -Fees |
| DCC | £101,000 | -Grant Contribution |
| Football Subscriptions | £1,060 | -Electricity Reimbursement |
| Donations | £252 | -Insurance |
| Fundraising | £1,000 | |
| Total | ||
| Total | £185,976 |
e
£723 £188,733 £2,562 £2,466 £1,000 £711
£196,195
| Report to | the trustees/ membersof |
the trustees/ membersof |
-~'•, ,e FurnessValeCOG's |
|---|---|---|---|
| On accountsforthe year | 31 51August2022 Charityno 1154212 |
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| Setoutonpages | |||
| eremember:oir.cludcthepager.umbersorJdd-!11>11.11shtx:s | |||
| I reporttothetrusteesonmy examination oftheaccountsoftheabove | |||
| charity ("theTrust') fortheyearended31/08/2022. | |||
| Responsibilitiesandbasis ofreport |
Asthecharity trustees oftheTrust,youareresponsibleforthepreparation of the accountsinaccordance withtherequirementsoftheCharitiesAct |
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| 2011('theAct'). | |||
| I reportinrespect ofmyexaminationoftheTrust'saccountscarried out under section145ofthe2011Actandincarryingoutmyexamination, I |
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| have followedtheapplicableDirectionsgivenbytheCharityCommission | |||
| under section 145(5)(b) oftheAct. | |||
| Independent statement |
examiner's | thave completed myexamination. 1 confirm'!hatno material matters have cometomyattention (otherthanthatdisclosedbelow*)inconnection with theexaminationwhichg_ivesmecausetobelievethatin,an~material |
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| respect: • accountingrecordswerenotkeptinaccordancewithsection130ofthe |
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| •theaccountsdonotaccordwiththeaccountingrecords | |||
| I have no99nc;em~angh11v~99m{lacr9ssnooth~rm11tt~~inconn{l~jion | |||
| withtheexaminationtowhichattentionshouldbedrawninordertoenable | |||
| a proper understanding oftheaccountstobereached. | |||
| •Please deletet~wordsinthebracketsiftheydonotapply. | |||
| Signed: | IA AI// I I Jlhf~J)h..· Dale~ .rJ,/J,1))-3 _ I |
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| Name: | yYvtf'A"IA£'- _I{U,11.-eI _ |
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| Relevant professional | |||
| qualification(s) orbody(if | |||
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| {-/II1-1f/;:=A1t _C K)..3i -v"C . _ |
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| **SectionB ** | Disclosure | ||
| Only complete iftheexaminerneedstohighlightmattersofconcern(see CC32,Independentexaminationof charityaccounts:directionsand |
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| guidanceforexaminers). | |||
| IGivehere brief detailsof | |||
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