REGISTERED COMPANY NUMBER: 07990575 (England and Wales) REGISTERED CHARITY NUMBER: 1154394
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 August 2023
for
Altrincham Football Club Community Sports Limited
Bennett Brooks & Co Ltd Chartered Accountants 2nd Floor Fairbank House
27 Ashley Road Altrincham Cheshire WA14 2DP
Altrincham Football Club Community Sports Limited
Contents of the Financial Statements for the year ended 31 August 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
Altrincham Football Club Community
Sports Limited (Registered number: 07990575)
Report of the Trustees for the year ended 31 August 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Company’s main objective continues to be the promotion of community participation in healthy recreational activities. This is achieved by the provision of facilities for the education in, and playing of sport, as well as participation in other leisure activities, while also providing an ‘outreach’ service via qualified sports coaches.
In doing this the Charity will provide or assist in the provision of these facilities in the interests of social welfare to individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their quality of life.
In the delivery of all the Charity’s activities the deliverer must ensure that they conduct the activity in such a manner that it will not reflect in a way that may be detrimental to Altrincham Football Club.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
This year has been clear of any major disruptions, and the Altrincham Football Club Community Charity has continued to run or support many high quality healthy recreational activities. These have been made available to members of our community irrespective of age, gender, race, religion and level of ability.
Once again, the Charity has benefitted from grant funding received from the National League Trust, Premier League Charitable Fund, Trafford Council, Trafford Housing Trust, and the Football Foundation. Our sincere thanks go to these organisations for their continued support.
Without the previous year’s interruptions to its activities, the Charity has surpassed previous year’s financial turnovers, and has delivered record numbers of coaching and recreational sessions, achieving high levels of customer satisfaction.
The Charity is extremely fortunate to have outstanding staff whose expertise, loyalty, and commitment has enabled the achievement of the milestones mentioned.
FINANCIAL REVIEW
Financial position
Although it has achieved record turnover, the Charity did incur a small financial loss, and the next year it must return to profitability in a difficult environment, which will include substantial increases to Utility costs.
It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three month’s expenditure. The Trustees will also set aside reserves each year to cover rolling maintenance costs and, when these have been quantified, the amount will be reclassified as restricted reserves. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Charity is a company limited by guarantee , incorporated on 14 March 2012 and registered as a charity on 30 October 2013. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
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Altrincham Football Club Community Sports Limited (Registered number: 07990575)
Report of the Trustees for the year ended 31 August 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07990575 (England and Wales)
Registered Charity number 1154394
Registered office
Altrincham Football Club Moss Lane Altrincham Cheshire WA15 8AP
Trustees
Mr S J Busby Mr A F C Collier Mr I P Foster (resigned 31.8.23) Mrs S J Mackenzie Mr G D Morris (resigned 12.9.22) Mrs C M Nash (resigned 14.11.22) Mrs K M Rowley Mr G P Rowley Mr N A C Bunce (appointed 26.6.23) S M Kelly (appointed 13.3.23) (resigned 14.3.23)
Company Secretary
Mr N A C Bunce
Independent Examiner
Colette Lennon FCCA Bennett Brooks & Co Ltd Chartered Accountants 2nd Floor Fairbank House 27 Ashley Road Altrincham Cheshire WA14 2DP
Appointment of Directors
The directors are charity trustees as defined by section 177 of the Charities Act 2011. The charity may by ordinary resolution a) appoint a person who is willing to act as a director, and b) determine the rotation in which any additional directors are to retire.
Retirement of Directors
At the first annual general meeting all the directors must retire from office unless by close of the meeting the members have failed to elect sufficient directors to hold a quorate meeting of the directors. At each subsequent annual general meeting one-third of the directors, or, of their numbers are not three or a multiple of three, the nearest number to one third, must retire from office. If there is only one director he or she must retire
Approved by order of the board of trustees on 20 November 2023 and signed on its behalf by:
Mr G P Rowley - Trustee
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Independent Examiner's Report to the Trustees of Altrincham Football Club Community Sports Limited
Independent examiner's report to the trustees of Altrincham Football Club Community Sports Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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 fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended 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 Ireland (FRS 102)).
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.
Colette Lennon FCCA The Association of Chartered Certified Accountants
Bennett Brooks & Co Ltd Chartered Accountants 2nd Floor Fairbank House 27 Ashley Road Altrincham Cheshire WA14 2DP
20 November 2023
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Altrincham Football Club Community Sports Limited
Statement of Financial Activities for the year ended 31 August 2023
| Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,497 35,909 Charitable activities Football Activities - - Sports Hall Hire 159,515 - Events 51,504 - Total 276,516 35,909 EXPENDITURE ON Raising funds 938 - Charitable activities Football Activities 12,511 6 Events 272,167 34,495 Support 8,764 10 General 791 - Total 295,171 34,511 NET INCOME/(EXPENDITURE) (18,655) 1,398 RECONCILIATION OF FUNDS Total funds brought forward 32,946 - TOTAL FUNDS CARRIED FORWARD 14,291 1,398 |
2023 Total funds £ 101,406 - 159,515 51,504 312,425 938 12,517 306,662 8,774 791 329,682 (17,257) 32,946 15,689 |
2022 Total funds £ 99,148 - 154,878 55,825 309,851 - 7,206 302,892 6,923 1,865 318,886 (9,035) 41,981 32,946 |
|---|---|---|
The notes form part of these financial statements
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Altrincham Football Club Community Sports Limited (Registered number: 07990575)
Balance Sheet 31 August 2023
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 6 168 - CURRENT ASSETS Debtors 7 5,326 - Cash at bank 41,913 1,399 47,239 1,399 CREDITORS Amounts falling due within one year 8 (33,117) - NET CURRENT ASSETS 14,122 1,399 TOTAL ASSETS LESS CURRENT LIABILITIES 14,290 1,399 NET ASSETS 14,290 1,399 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2023 Total funds £ 168 5,326 43,312 48,638 (33,117) 15,521 15,689 15,689 14,290 1,399 15,689 |
2022 Total funds £ 348 2,826 46,720 49,546 (16,948) 32,598 32,946 32,946 32,946 - 32,946 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) 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.
These financial statements have been prepared in accordance with the provisions 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 20 November 2023 and were signed on its behalf by:
Mr G P Rowley - Trustee
The notes form part of these financial statements
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Altrincham Football Club Community Sports Limited
Notes to the Financial Statements for the year ended 31 August 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 180 | 280 |
continued...
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Altrincham Football Club Community Sports Limited
Notes to the Financial Statements - continued for the year ended 31 August 2023
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
4. STAFF COSTS
Number of Employees
The average number of employees during the year was:
| 2023 2022 Number Number 15 13 |
2023 2022 Number Number 15 13 |
|
|---|---|---|
| 15 | ||
| 2023 | 2022 | |
| Wages and Salaries Social Security Costs Other Pension Costs |
£ 171,448 4,441 2,279 178,168 |
£ 154,320 4,591 2,313 161,224 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,585 Charitable activities Sports Hall Hire 154,878 Events 55,825 Total 214,288 EXPENDITURE ON Charitable activities Football Activities - Events 217,602 Support 3,856 General 1,865 Total 223,323 NET INCOME/(EXPENDITURE) (9,035) RECONCILIATION OF FUNDS Total funds brought forward 41,981 |
Restricted funds £ 95,563 - - 95,563 7,206 85,290 3,067 - 95,563 - - |
Total funds £ 99,148 154,878 55,825 309,851 7,206 302,892 6,923 1,865 318,886 (9,035) 41,981 |
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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Altrincham Football Club Community Sports Limited
Notes to the Financial Statements - continued for the year ended 31 August 2023
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| TOTAL FUNDS CARRIED FORWARD | 32,946 | - | 32,946 | |||
| 6. | TANGIBLE FIXED ASSETS | |||||
| COST | Computer equipment £ |
|||||
| At 1 September 2022 and 31 August 2023 | 7,880 | |||||
| DEPRECIATION | ||||||
| At 1 September 2022 | 7,532 | |||||
| Charge for year | 180 | |||||
| At 31 August 2023 | 7,712 | |||||
| NET BOOK VALUE | ||||||
| At 31 August 2023 | 168 | |||||
| At 31 August 2022 | 348 | |||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Trade debtors | 2023 £ 4,127 |
2022 £ 1,816 |
||||
| Prepayments and accrued income | 1,199 | 1,010 | ||||
| 5,326 | 2,826 | |||||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Bank loans and overdrafts (see note 9) | 2023 £ - |
2022 £ 142 |
||||
| Trade creditors | 12,122 | 8,160 | ||||
| Social security and other taxes | 3,427 | 1,139 | ||||
| Other creditors | 511 | 807 | ||||
| Accruals and deferred income | 17,057 | 6,700 | ||||
| 33,117 | 16,948 | |||||
continued...
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Altrincham Football Club Community Sports Limited
Notes to the Financial Statements - continued for the year ended 31 August 2023
9. LOANS
An analysis of the maturity of loans is given below:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Amounts falling due within one year on demand: | ||||
| Bank overdrafts | - | 142 | ||
| 10. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.9.22 £ |
Net movement in funds £ |
At 31.8.23 £ |
|
| General fund | 32,946 | (18,656) | 14,290 | |
| Restricted funds | ||||
| Events - Restricted | - | 1,399 | 1,399 | |
| TOTAL FUNDS | 32,946 | (17,257) | 15,689 | |
| Net movement in funds, included in the above are as follows: | ||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|
| General fund | 276,516 | (295,172) | (18,656) | |
| Restricted funds | ||||
| Events - Restricted | 35,909 | (34,510) | 1,399 | |
| TOTAL FUNDS | 312,425 | (329,682) | (17,257) | |
| Comparatives for movement in funds | ||||
| Unrestricted funds | At 1.9.21 £ |
Net movement in funds £ |
At 31.8.22 £ |
|
| General fund | 41,981 | (9,035) | 32,946 | |
| TOTAL FUNDS | 41,981 | (9,035) | 32,946 |
continued...
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Altrincham Football Club Community Sports Limited
Notes to the Financial Statements - continued for the year ended 31 August 2023
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 214,288 | (223,323) | (9,035) |
| Restricted funds | |||
| Football Kits | 7,206 | (7,206) | - |
| Events - Restricted | 85,290 | (85,290) | - |
| Support Costs - Restricted | 3,067 | (3,067) | - |
| 95,563 | (95,563) | - | |
| TOTAL FUNDS | 309,851 | (318,886) | (9,035) |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
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