## **FLITWICK TOGETHER**
**TRUSTEES’ REPORT & FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2024**
**Registered Charity No: 1157451**
**FLITWICK TOGETHER FOR THE YEAR ENDED 31 JULY 2024**
**______________________________________________________________________________**
## **CONTENTS**
||Page|
|---|---|
|General Information|1|
|Trustees Report|2 - 4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 – 12|
## **FLITWICK TOGETHER**
## **GENERAL INFORMATION**
|Trustees|P Fenn (Chair)|
|---|---|
||L Gazeley|
||C Cheshire|
||M Byrne|
||N Taylor|
||I Mulligan|
|Bankers|Barclays Bank Plc|
||111 High Street|
||Bedford|
||MK40 1NJ|
|Registered Charity Number|1157451|
|Principal Address|Flitwick Community Football Centre|
||Ampthill Road|
||Flitwick|
||Bedfordshire|
||MK45 1BA|
1
## **FLITWICK TOGETHER**
## **TRUSTEES' REPORT**
The Trustees present their Annual Report with the Financial Statements of the Charity for the year ended 31 July 2024.
The financial statements comply with the Charities Act 2011, the Charity’s Deed and 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 OF THE CHARITY**
Flitwick Together is a registered charity, number 1157451, and is constituted under a deed.
## **Policies and objectives**
The Trustees operate to a set of policies ensuring the safe and secure operation of services provided that are published on the charity’s web site. The Charity’s primary objective is to provide facilities for the local community for participation in football. This is delivered through the lease held on the Flitwick Community Football Centre. The site has a hall which is made available for use by community organisations and provision of this facility to the community is a secondary objective.
## **Strategies for achieving objectives**
The Trustees manage capital projects aimed at enhancing the facilities offered to the community and oversee the operation of Flitwick Community Football Centre to ensure that both the grass and pavilion facilities are maintained and made available for the wider community use. Much of this is discharged through a subsidiary trading company: The Flitwick Sports Community Interest Company.
The Trustees meet regularly to review management information and assess the ongoing sustainability and compliance of operations.
## **REVIEW OF THE DEVELOPMENT, ACTIVITIES AND ACHIEVEMENTS OF THE CHARITY**
During the year, the Trustees continued to oversee the management and finances of the trading subsidiary to ensure that operations and financial measures were managed effectively.
The Trustees ensured that a pitch and facilities maintenance programme was continued to ensure that the availability of facilities for the local community were optimised to promote healthy recreational pursuits.
The Trustees continued to investigate capital projects that might improve the facilities or sustain their use. This included extensive work on the project to deliver an artificial grass pitch at Flitwick Football Centre, which involved a huge effort from the trustees, directors of the trading subsidiary and members of partner clubs Flitwick Town and Flitwick Eagles, in addition to many others. The project was completed and the facility opened in August 2023 by Val Hyde, one of the original Lionesses, together with Town Mayor, Andy Snape and Deputy Town Mayor, John Robertson.
Funding for the project was from local government, the football foundation, the partner clubs, local developers and ALDI Stores. The Trustees are grateful for the help of all involved and would like to give special thanks to Martin Gifford and Cliff Simmonds for their tireless work to help ensure the project was a success.
2
## **FLITWICK TOGETHER**
## **TRUSTEES REPORT (continued)**
## **PUBLIC BENEFIT**
In setting objectives and planning activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)' and consider that the main activities of the Charity are for the public benefit and give due regard to the Charities Commission guidance on public benefit.
## **TRUSTEES FOR THE YEAR ENDED 31 JULY 2024**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the deed. The Trustees who served during the period under review until the date of approval of this report were as follows:-
P Fenn (appointed 07/10/23) L Gazeley C Cheshire M Byrne N Taylor I Mulligan
## **TRUSTEE’S RESPONSIBILITIES**
The trustees are responsible for preparing the Trustee’s Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity 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 SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards 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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
3
## **FLITWICK TOGETHER**
## **TRUSTEES REPORT (continued)**
## **RISK ASSESSMENT**
In accordance with the guidelines in the Charities Statement of Recommended Practice (SORP) the trustees have considered the major risks affecting the charity and have taken steps to mitigate these as far as possible.
The principal issue is ensuring that the property and facilities comply with current Health and Safety legislation and the trading subsidiary is compliant with relevant licensing and food safety regulations.
## **NEW TRUSTEE APPOINTMENTS AND TRAINING**
New trustees receive information on Flitwick Together in respect of its mission, objectives, business and management structure. Trustees are encouraged to attend appropriate external training events that will facilitate the undertaking of their role.
The trustees have regard to the need for any specialist skills which individuals bring to the Charity.
## **RESERVES POLICY**
The Trustees have set a reserves policy to ensure that sufficient unrestricted funds are available to meet existing operational commitments and meet future operational costs as they fall due for payment. The remaining unrestricted reserves will be managed and where appropriate applied to improve the facilities and / or maintain them with suitable maintenance programmes.
## **INVESTMENT POLICY**
The current investment policy of the charity is to invest surplus funds to ensure a low risk return.
## **GOING CONCERN**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and for at least the next 12 months. For this reason, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Signed on behalf of the Trustees of Flitwick Together.
## _P Fenn_
………………………………… P Fenn Chair of Trustees
25 July 2025
4
## **FLITWICK TOGETHER**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 INCLUDING INCOME AND EXPENDITURE ACCOUNT**
|**Notes**
**Income from:**
Donations and legacies
2
Charitable Activities
3
**Total income**
**Expenditure on:**
Charitable activities
4
Other
**Total expenditure**
Net income
Transfer between funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Net movement in funds
Total funds carried forward|**Total**
**Unrestricted**
**Funds**
**£**
2,993
14,500
17,493
15,231
-
15,231
2,262
(750)
1,512
97,817
1,512
99,329|**Total**
**Restricted**
**Funds**
**£**
-
-
-
8,959
-
8,959
(8,959)
750
(8,209)
23,788
(8,209)
15,579|**Total**
**Unrestricted**
**Funds 2024**
**£**
2,993
14,500
17,493
24,190
-
24,190
(6,697)
-
(6,697)
121,605
(6,697)
114,908|**Total**
**Funds**
**2023**
**£**
41,201
8,800|
|---|---|---|---|---|
|||||50,001|
|||||60,791
-|
|||||60,791|
|||||(10,790)|
|||||-|
|||||(10,790)|
|||||132,395
(10,790)|
|||||121,605|
The notes on pages 7 to 12 form part of these Financial Statements.
The statement of financial activities includes all gains and losses recognised in the period.
All income and expenditure derives from continuing activities.
5
## **FLITWICK TOGETHER**
## **BALANCE SHEET AS AT 31 JULY 2024**
|**Notes**
**Tangible Fixed Assets**
7
**Current Assets**
Debtors
8
Cash at bank and in hand
Creditors (amounts falling due
within one year)
9
**Net Current Assets**
**Total Net Assets**
**Accumulated Funds**
Restricted funds
13
Unrestricted designated funds
Unrestricted funds
13
**Total Funds of the Charity**|25,773
51,934|**31 July**
**2024**
**£**
38,351
76,557
114,908
15,579
-
99,329
114,908|9,196
52,003|**31 July**
**2023**
**£**
60,556
61,049|
|---|---|---|---|---|
||77,707
(1,150)||61,199
(150)||
||||||
|||||121,605|
|||||23,788
-
97,817|
|||||121,605|
Approved by the Board of Trustees on 25 July 2025 and signed on their behalf by:
## _P Fenn_
………………………………….. P Fenn Chair of Trustees
The notes on pages 7 to 12 form part of these accounts.
6
**FLITWICK TOGETHER**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **1. Accounting policies**
## **Legal Form**
The Charity is an unincorporated registered charity (no. 1157451) in England & Wales. The address of the principal office is Flitwick Community Football Centre, Ampthill Road, Flitwick, Bedford, MK45 1BA.
## **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 2019) - (Charities SORP (FRS 102) 2019).
Flitwick Together meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The Trustees have taken advantage of the exemption in FRS102 Charity SORP from including a cashflow statement in the financial statements on the grounds that the organisation is small.
## **1.1 Fund accounting**
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees of Flitwick Together in furtherance of the general charitable objectives. Designated funds are unrestricted funds that the Trustees have designated or allocated for identifiable future expenditure. Restricted funds are amounts for specific purposes as defined by the donor.
## **1.2 Going Concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and for at least the next 12 months. For this reason they continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Income**
Income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
7
## **FLITWICK TOGETHER**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2024**
## **1.4 Expenditure**
- Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities in proportions considered to be a fair estimate of their functional split.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT
## **1.5 Tangible fixed assets and depreciation**
- Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the following rates:
Long-term leasehold property - 25% reducing balance Plant and machinery - 25% reducing balance Fixtures and fittings - 25% reducing balance Office and computer equipment - 25% reducing balance
## **1.6 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount. Prepayments are valued at the amount prepaid net of any trade discounts.
## **1.7 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.
## **1.8 Financial Instruments**
The company 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.
8
## **FLITWICK TOGETHER**
## N **OTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2024**
## **2. Income from donations and legacies**
||**2024**|**Restricted**|**Restricted**|**Unrestricted**|**Unrestricted**|
**Total funds**|
**Total funds**||
|---|---|---|---|---|---|---|---|---|
|||**Funds 2024**||**Funds 2024**|||**2024**||
||||**£**||**£**||**£**||
||Donations and gifts||-||2,993||2,993||
||Grants receivable||-||-||-||
||||-||2,993||2,993||
||**2023**||||||||
|||**Restricted**||**Unrestricted**||
**Total funds**|||
|||**Funds 2023**||**Funds 2023**|||**2023**||
||||**£**||**£**||**£**||
||Donations and gifts||-||-||-||
||Grants receivable||41,201||-||41,201||
||||41,201||-||41,201||
|**3.**|**Income from charitable activities**||||||||
|||||**Unrestricted**|||**Unrestricted**||
||||||**Funds 2024**||**Funds**|**2023**|
|||||||**£**||**£**|
||Other charitable activities||||14,500
||8,800
||
||||||14,500||8,800||
|**4.**|**Expenditure on charitable activities**||||||||
||**2024**|**Unrestricted**|
**Restricted**|||**Total**||**Total**|
|||**Funds**||**Funds**||**2024**||**2023**|
|||**£**||**£**||**£**||**£**|
||Consultancy & project costs|-||750||750|29,864||
||Repairs & maintenance|-||-||-||2,745|
||Advertising & marketing|-||-||-||492|
||IT costs|69||-||69||122|
||Subscriptions|-||-||-||589|
||Governance costs|1,166||-||1,166||1,360|
||Administration expenses|-||-||-||192|
||Depreciation|13,996||8,209|
22,205||25,427||
|||15,231||8,959|
24,190||60,791||
9
**FLITWICK TOGETHER**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2024**
## **4. Expenditure on charitable activities (continued)**
|**2023**
Consultancy & project costs
Repairs & maintenance
Advertising & marketing
IT costs
Subscriptions
Governance costs
Administration expenses
Depreciation|**Unrestricted**
**Funds**
**£**
330
2,745
492
122
589
1,360
192
17,902
23,732|**Restricted**
**Funds**
**£**
29,534
-
-
-
-
-
-
7,525
37,059|**Total**
**2023**
**£**
29,864
2,745
492
122
589
1,360
192
25,427
60,791|**Total**
**2022**
**£**
3,024
-
1,908
168
360
1,696
806
10,641
18,603|
|---|---|---|---|---|
**5. Salary costs**
The charity had no employees or salary costs during the period or prior period.
## **6.**
|**Other expenditure**
**Governance Costs**
Accountancy
Legal and other advice
Total|**2024**
**£**
1,166
-
1,166|**2023**
**£**
1,360
-|
|---|---|---|
|||1,360|
10
**FLITWICK TOGETHER**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2024**
|**7.**
**Fixed assets**
**Cost**
1 August 2023
Additions
Disposals
At 31 July 2024
**Depreciation**
1 August 2023
Charge for the year
Disposals
At 31 July 2024
**Net book value**
At 31 July 2024
At 31 July 2023
**8.**
**Debtors**
Amounts owed by group undertakings
Accrued income and prepayments
**Total**
**9.**
**Creditors: Amounts falling due within**
Trade creditors
Accruals
**Total**|**Long Leasehold**
**property &**
**improvements**
**Plant,**
**machinery &**
**equipment**
**£**
**£**
51,808
65,605
-
-
-
-
51,808
65,605
39,422
17,435
7,851
14,354
-
-
47,273
31,789
4,535
33,816
12,386
48,170
**2024**
**£**
25,273
500
25,773
**one year**
**2024**
**£**
-
1,150
1,150||**Total**
**£**
117,413
-
-
117,413
56,857
22,205
-
79,062
38,351
60,556
**2023**
**£**
8,696
500|
|---|---|---|---|
|||||
|||||
|||||
|||||
|||||
||||9,196
**2023**
**£**
-
150
150|
## **10. Related Parties**
Charges of £14,500 (2023: £8,800) were charged to Flitwick Sports CIC during the period in respect of rent and management and consultancy services. The amount owed to the charity by Flitwick Sports CIC at the year-end date was £25,273 (2023: £8,696).
11
## **FLITWICK TOGETHER**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2024**
## **11. Control**
The Charity is controlled by the trustees.
## **12. Net income/expenditure for the period**
|This is stated after charging:
Independent Examiner’s fees
**13.**
**Statement of funds**
**Balance at**
**01 August**
**2023**
**£**
**Unrestricted funds**
General funds
97,817
Designated funds
-
97,817
**Restricted funds**
Artificial Grass Pitch Project (1)
-
Tractor Project (2)
23,788
23,788
Total funds at 31 July 2024
121,605|**Income**
**£**
17,493
-
17,493
-
-
-
17,493|**2024**
**£**
-
**Expenses**
**£**
(15,981)
-
(15,981)
-
(8,209)
(8,209)
(24,190)|**2023**
**£**
150
**Balance at**
**31 July**
**2024**
**£**
99,329
-|
|---|---|---|---|
||||99,329|
||||-
15,579|
||||15,579|
||||114,908|
- (1) Artificial Grass Pitch Project - funds relating to initial planning works and professional services regarding the proposed installation of an artificial grass pitch.
- (2) Tractor Project - funds relating to the purchase of pitch maintenance equipment.
## **14. Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Creditors due within one year|**Restricted**
**Funds 2024**
**£**
15,579
-
-
15,579|**Unrestricted**
**Funds 2024**
**£**
22,772
77,707
(1,150)
99,329|**Total funds**
**2024**
**£**
38,351
77,707
(1,150)|
|---|---|---|---|
||||114,908|
12