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2022-07-31-accounts

Warrington Town in the Community Ltd

Charity No. 1156068

Company No. 07151083

Trustees' Report and Unaudited Accounts

31 July 2022

Warrington Town in the Community Ltd Contents

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Summary Income and Expenditure Account 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

Warrington Town in the Community Ltd Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 July 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 07151083

Charity No. 1156068

Registered Office

5 Waterfront Drive Warrington WA4 1GH

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

T.T. Macormac K. Read R.A. Sutton

Accountants

STYLES & CO JFC LIMITED 473 Warrington Rd Culcheth Warrington Cheshire WA3 5QU

OBJECTIVES AND ACTIVITIES

The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit. We have referred to this guidance when reviewing our aims and objectives and in planning our future activities.

The objects and principal activities of the charity are:

1) The promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of football.

Page 2

Warrington Town in the Community Ltd Trustees Annual Report

2) To act as a resource for young people up to the age of 25 living in Warrington, Cheshire East, St Helens and the surrounding area by providing advice and assistance and organising programmes of physical, educational and other activities as a means of: -advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals; -advancing education; -relieving unemployment; -providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth ,age ,infirmity or disability ,poverty or social and economic circumstances with a view to improving the conditions of life of such persons.

ACHIEVEMENTS AND PERFORMANCE

Post Covid 19 the start up of operations was a long and difficult period as people of all ages were wary of joining any form of project or mixing with other persons. Once we overcame this hurdle our planned project for over 50’s came to fruition and sees numbers growing by the week. The future plan is to expand this project and gain more participants with additional sessions.

We have in the planning stage a partnership with Cheshire Police to host their youth diversion projects which will see 16-24yr olds rehabilitate within the community in line with our charitable outcomes. We also have a development phase for 16-18yr olds focusing on health, wellbeing and sporting participation scheduled to start later this year.

FINANCIAL REVIEW

During the year ended 31 July 2022 the charity made a surplus of £12,486 (2021: £23,578). At 31 July 2022 the charity had reserves of £38,482 (2021: £25,996).

The charity is dependant upon the continued support of Warrington Town Football Club Limited.

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 appoint and recruit new trustees based on the expertise that they can offer.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

T.T. Macormac Trustee Toby Macormac 28 April 2023 signed on 28/04/2023, 10:59:01 BST

Page 3

Warrington Town in the Community Ltd Independent Examiners Report

Independent Examiner's Report to the trustees of Warrington Town in the Community Ltd

I report to the charity trustees on my examination of the financial statements of Warrington Town in the Community Ltd for the year ended 31 July 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity 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 financial statements 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

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

James Bruce F.C.C.A STYLES & CO JFC LIMITED 473 Warrington Rd Culcheth Warrington Cheshire WA3 5QU 28 April 2023

Page 4

Warrington Town in the Community Ltd Statement of Financial Activities

for the year ended 31 July 2022

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other
6
Total
Expenditure on:
Charitable activities
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
10,652
17,880
594		 Total funds
2022
£
10,652
17,880
594		 Total funds
2021
£
21,231
12,858
4,185
29,126
16,640		 29,126
16,640		 38,274
14,696
16,640
-		 16,640
-		 14,696
-
12,486
-		 12,486
-		 23,578
-
12,486 12,486 23,578
12,486
25,996		 12,486
25,996		 23,578
2,418
38,482 38,482 25,996

Page 5

Warrington Town in the Community Ltd Summary Income and Expenditure Account

for the year ended 31 July 2022

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2022
£
29,126
29,126
16,109
531
16,640
12,486
12,486		 2021
£
38,274
38,274
14,425
271
14,696
23,578
23,578

Page 6

Warrington Town in the Community Ltd Balance Sheet

at 31 July 2022

Company No.
07151083
Notes
2022
£
Fixed assets
Tangible assets
10
1,529
1,529
Current assets
Cash at bank and in hand
43,882
43,882
Creditors:Amount falling due within one year
11
(6,929)
Net current assets
36,953
Total assets less current liabilities
38,482
Net assets excluding pension asset or liability
38,482
Total net assets
38,482
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
38,482
38,482
Reserves
12
Total funds
38,482		 2021
£
2,060
2,060
30,865
30,865
(6,929)
23,936
25,996
25,996
25,996
25,996
25,996
25,996

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 July 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 28 April 2023

And signed on its behalf by:

Toby Macormac

T.T. Macormac signed on 28/04/2023, 10:59:01 BST Trustee 28 April 2023

Page 7

Warrington Town in the Community Ltd Statement of Cash flows for the year ended 31 July 2022

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in trade and other payables
Net cash provided by operating activities
Net cash used in investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2022
£
12,486
531
-
-
13,017
-
-
13,017
30,865
43,882
43,882
43,882		 2021
£
23,578
271
-
(1)
23,848
(1,500)
-
22,348
8,517
30,865
30,865
30,865

Page 8

Warrington Town in the Community Ltd Notes to the Accounts

for the year ended 31 July 2022

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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Warrington Town in the Community Ltd Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold property 10% straight line Motor vehicles 25% reducing balance Fixtures and fittings 25% straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other 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.

Page 10

Warrington Town in the Community Ltd Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 11

Warrington Town in the Community Ltd Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations		 Unrestricted
£
10,652
10,652		 Unrestricted
funds
2021
£
21,231
12,858
4,185
38,274
14,696
14,696
23,578
23,578
23,578
2,418
25,996
Total
2022
£
10,652
10,652		 Total funds
2021
£
21,231
12,858
4,185
38,274
14,696
14,696
23,578
23,578
23,578
2,418
25,996
Total
2021
£
21,231
21,231

Page 12

Warrington Town in the Community Ltd Notes to the Accounts

5 Income from charitable activities

Facility Hire
Grants
6
Other income
CJRS income
7
Expenditure on charitable activities
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
17,880
-
17,880
Unrestricted
£
594
594		 Total
2022
£
17,880
-
17,880
Total
2022
£
594
594		 Total
2021
£
10,533
2,325
12,858
Total
2021
£
4,185
4,185
Unrestricted
£
10,588
150
894
531
1,535
2,942
16,640
2022
£
531		 Total
2022
£
10,588
150
894
531
1,535
2,942
16,640		 Total
2021
£
10,588
-
1,206
271
651
1,980
14,696
2021
£
271

Page 13

Warrington Town in the Community Ltd Notes to the Accounts

Warrington Town in the Community Ltd
Notes to the Accounts
9
Staff costs
Salaries and wages
Pension costs		 2022
10,461
127
10,588		 2021
10,461
127
10,588

The charity’s support costs and governance cost in the year amounted to £1,942 (£1,980) and relate to the Independent Examiner’s fee.

The average monthly number of full time equivalent employees during the year was as follows:

10 Tangible fixed assets
Cost or revaluation
At 1 August 2021
At 31 July 2022
Depreciation and
impairment
At 1 August 2021
Depreciation charge for the
year
At 31 July 2022
Net book values
At 31 July 2022
At 31 July 2021
11 Creditors:
amounts falling due within one year
Other creditors
Accruals		 Land and
buildings
£
75,493
75,493
75,493
-
75,493
-
-		 2022
Number
1
1
Motor
vehicles
£
3,000
3,000
2,377
156
2,533
467
623
2022
£
5,520
1,409
6,929		 Fixtures and
fittings
£
1,500
1,500
63
375
438
1,062
1,437		 2021
Number
1
1
Total
£
79,993
79,993
77,933
531
78,464
1,529
2,060
2021
£
5,520
1,409
6,929

Page 14

Warrington Town in the Community Ltd Notes to the Accounts

12 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
13 Analysis of net assets between funds
Fixed assets
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 August
2021
25,996
25,996		 Incoming
resources
(including
other
gains/losses
)
£
29,126
29,126
At 1 August
2021
£		 Resources
expended
£
(16,640)
(16,640)
Unrestricted
funds
£
1,529
36,953
38,482
Cash flows
£		 At 31 July
2022
£
38,482
38,482
Total
£
1,529
36,953
38,482
At 31 July
2022
£
30,865 13,017 43,882
30,865
30,865		 13,017
13,017		 43,882
43,882
15 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases
2022
Land and
buildings
£
Operating leases with expiry date:
Pension commitments
The pension cost charge to the company
amounted to:		 are as follows:
2022
Other
£
2022
£
127		 2021
Land and
buildings
£		 2021
Other
£
2021
£
-

Page 15

Warrington Town in the Community Ltd Notes to the Accounts

16 Related party disclosures

Related party disclosures
2022 2021
Transactions with related parties £ £
Name of related party Warrington Town Football Club Limited
Description of relationship
between the parties		 A company with mutual directors
During the year ended 31st July 2022
Warrington Town in the Community Ltd
Description of transaction received a donation of £5,000
and general amounts (2021:£20,000) from Warrington Town
involved Football Club Limited
Amount due from/(to) the related party (5,520) (5,520)
Controlling party

The trustees believe that there is no one controlling party.

Page 16

Warrington Town in the Community Ltd Detailed Statement of Financial Activities

for the year ended 31 July 2022

Income and endowments from:
Donations and legacies
Donations
Charitable activities
Facility Hire
Grants
Other
CJRS income
Total income and endowments
Expenditure on:
Employee costs
Salaries/wages
Pension costs
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor vehicles
Depreciation of Fixtures and
fittings
Bank charges
Donations
Sundry expenses
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs		 Unrestricted
funds
2022
£
10,652
10,652
17,880
-
17,880
594
594
29,126
10,461
127
10,588
150
150
894
-
894
156
375
35
1,500
-
2,066
1,942
1,000
2,942		 Total funds
2022
£
10,652
10,652
17,880
-
17,880
594
594
29,126
10,461
127
10,588
150
150
894
-
894
156
375
35
1,500
-
2,066
1,942
1,000
2,942		 Total funds
2021
£
21,231
21,231
10,533
2,325
12,858
4,185
4,185
38,274
10,461
127
10,588
-
-
-
1,206
1,206
208
63
26
-
625
922
1,980
-
1,980

Page 17

Warrington Town in the Community Ltd Detailed Statement of Financial Activities

Warrington Town in the Community Ltd
Detailed Statement of Financial Activities
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 16,640
16,640
-
12,486
12,486
-
12,486
25,996
38,482		 16,640
16,640
-
12,486
12,486
-
12,486
25,996
38,482		 14,696
14,696
-
23,578
23,578
-
23,578
2,418
25,996

Page 18 

Signatures' technical details

Signatures

toby@warringtontownfc.co.uk

28/04/2023, 10:59:01 BST

Fingerprint

fb21a8fd4a955ef07e9197609173566f2776aa3c

Event log

10.50.10.16928/04/2023, 09:32:04 BST
Signing request created.
System28/04/2023, 09:32:07 BST
Notification sent to toby@warringtontownfc.co.uk.
System28/04/2023, 10:58:29 BST
Signing page opened by signee toby@warringtontownfc.co.uk.
System28/04/2023, 10:59:01 BST
Signee toby@warringtontownfc.co.uk signed document.
System28/04/2023, 10:59:01 BST
Signing process completed.
Summary
Envelope's ID:9hl4on03
Document's hash:58ce1bf1d1b11a9b103365867d2aedf1005199e4f515741243561f7ed2e3c6a8
Final stamp:28/04/2023, 10:59:03 BST

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