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← Bridgend Town Juniors Football Club

2024-03-31-accounts

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees

Charity Name Bridgend Town Football Club

On accounts for the year 31[st] March 2024 Charity no 1158594 ended (if any) Set out on pages 3 to 7 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03 / 2023 .

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Signed: Date: Name: Relevant professional qualification(s) or body (if any): Address:

1

Oct 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER

BRIDGEND TOWN FC

Trustees Annual Report and Statement of Accounts 20232024

Page
Trustees Annual Report 2-3
Legal and professional Information 4
Statement of Receipts & Payments 5
Statement of Balances 5
Restricted Funds Receipts and Payments 6
Notes to the Accounts 7

Page 1

TRUSTEES’S ANNUAL REPORT

The trustees present their report, along with the financial statements of the Club, for the year ended 31[st] March 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and in compliance with the Club’s Constitution and applicable law.

TRUSTEES’ RESPONSIBILITIES

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 Club’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Club and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Club and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EXERCISE OF TRUSTEES’ POWERS

The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission.

GOVERNANCE AND ORGANISATION

The Club registered as a Charitable Incorporated Organisation and is governed by its Constitution, adopted in June 2014. The names of the trustees holding office during the year to which these accounts relate are given on page 4. The trustees are appointed at the Annual General Meeting (AGM) The trustees meet on a regular basis during the year to discuss and administer the affairs of the Club. Reports on Club activities are made to the entire membership of the Club at its AGM.

CHARITY OBJECTS

Bridgend Town Football Club is a grassroots community based club, operating in Bridgend. We cater for teams from Under 6 through to senior football. We are a fully inclusive community club, providing for the development of Football and the health & wellbeing of all our members.

REVIEW OF ACTIVITIES

During the 2023/24 season, the Club has run 10-year groups participating in the Bridgend Port Talbot Junior Football League (U7s to U16s). The club has once again set up a U6s team in March with the plan to run 10-year groups again in 2024/25.

The Club has successfully set up a girls group. This group has a head coach and support coaches and the team train together on a weekly slot. The team has been entered into a girls only league and has successfully hosted a girls festival at Brackla, 3G. The number of girls at June 2024 is 19 players but this expected to grow during the 2024/25 season.

Page 2

The club has also added a 3[rd] Senior Team which has been playing friendlies during the 2023/24 season. The plan is for this team to enter the league for the 2024/25 season.

The club decided not to hold a fun day again this year, as prior year, and instead looked to alternative methods for fundraising.

FUTURE DEVELOPMENTS

The club is looking to continue with the growth of girls football with the plan to set up teams across all of the mini age groups (U7s to U11).

The club has assessed its financials records and will be looking to put an increase on membership fees. This is the result of continued cost increases for pitch hire and the cost of equipment (balls, goals etc.). This will be the first members fees increase in over 6 seasons.

The club is working with Bridgend council and FAW leads in trying to secure a long term home pitch. This is to ensure that the Seniors have a pitch which meets requirements if the club 1[st] Team was to be promoted out of its current league.

FINANCIAL SUMMARY

The accounts have been prepared for a 12-month period for the financial year end to 31[st] March 2024.

The principal source of funds for the Club remains the membership fees paid by its members, representing 59% (2023: 72%) of total receipts during the period. Members fees have increased significantly from last year due to having an extra age group with the U16s mixed team and the newly formed Girl’s football team. The Club was successful in getting a Grant to support the growth of girls football which contributed to higher receipts during the current 12 months. The mixed teams have also seen a growth in players which has contributed towards higher fees. During the 12 months, the club gather £28,325.25 in Membership fees (2023: £20,899).

Overall, direct charitable payments have increased compared to prior year, £46,379.07 (2023: £32,110). This increase is driven by purchasing new kit for all age groups which is activity which takes place every 2 or 3 years.

As of 31 March 2024, the Club holds £13,172 (2023: £11,520) in general funds. The Trustees consider this to be an appropriate level of reserves based on the activities of the Club.

RESERVES POLICY

It is the policy of the Club to maintain sufficient unrestricted funds (the free reserves of the Club) for the effective management day to day of the Club’s finances i.e., to cover costs of playing football and purchase of kit and equipment, as well as being able to respond to emergency needs which may arise from time to time.

RISK MANAGEMENT

The trustees have put in place several policies and procedures relating to areas of risk in connection with various aspects of the Club’s activities.

TRUSTEE APPROVAL

This annual report has been approved by the trustees and signed on their behalf by:

Mike Gardner ________

Jamie Wilson ________

Page 3

Chairman

Secretary Date

Date

Page 3

LEGAL AND PROFESSIONAL INFORMATION

TRUSTEES DURING THE FINANCIAL YEAR AND AT THE DATE OF THE TRUSTEES REPORT

Name
Appointed
Resigned		 Name
Appointed
Resigned		 Name
Appointed
Resigned
Michael Gardner 22 February 2017
Richard Edwards
1 June 2018
Marc Cheverton 25 July 2022
Jamie Wilson
25 July 2022

CHARITY REGISTRATION

Registration number: 1158594

Registered Office:38 Wild Field, Broadlands, Bridgend, CF31 5FF

BANKER

NatWest Bank plc, 28 Adare Street, Bridgend, CF31 1EN.

Page 4

STATEMENT OF RECEIPTS AND PAYMENTS

FOR THE 12 MONTH PERIOD ENDED 31[ST] MARCH 2024 (12 MONTH PERIOD ENDED 31[ST] MARCH 2024)

2023 2024
Total
£
Receipts
20,899
Membership fees
0
Gift Aid
5,000
Sponsorship
1,500
Grant funding
1,662
Miscellaneous income
0
Donations and fundraising
29,061
Total receipts
Payments
14,458
Pitch and Training facility
hire
717
Referee fees
1,155
Tournament entry fees
9,408
Kit and equipment
1,294
Player presentations and
trophies
2,029
Coach training and
education
1,772
League costs and SWFA
fnes
0
Events
1,277
Other
32,110
Total payments		 Gener
al
Fund
Restrict
ed
Funds
Total
£
£
£
28,325
0
28,325
6,911
0
6,911
3,600
0
3,600
7,710
0
7,710
1,485
0
1,485
0
0
0
48,031
0
48,031
17,808
0
17,808
601
0
601
1,460
0
1,460
17,849
0
17,849
4,112
0
4,112
2,000
0
2,000
1,648
0
1,648
0
0
0
901
0
901
46,379
0
46,379

Page 5

STATEMENT OF RECEIPTS AND PAYMENTS

FOR THE 12 MONTH PERIOD ENDED 31[ST] MARCH 2024 (12 MONTH PERIOD ENDED 31[ST] MARCH 2024) (3,049 (Deficit) for the year 1,652 0 1,652 )

Page 5

STATEMENT OF BALANCES

AS AT 31[ST] MARCH 2023

31st
March
2023		 31st March 2024
Total
Note
£
Movement in balances
for the year
14,569
Opening balance at 1stApril
0
Uncleared Payments 2022
(3,049
)
(Defcit) / Proft for the year
11,520
Closing balance at 31st
March
Represented by:
11,520
Current Account – NatWest		 Gener
al
Fund
Restrict
ed
Funds
Total
£
£
£
11,520
0
11,520
0
0
0
1,652
0
1,652
13,172
0
13,172
13,172
0
13,172
RESTRICTED FUNDS RECEIPTS AND
PAYMENTS
FOR THE 12 MONTH PERIOD ENDED 31STMARCH
2023
Matc
h Kit
depos
its
Com
ic
Reli
ef
Gran
t
Commu
nity
Chest
Tota
l
Kit
Comi
Communi
Total

Page 6

STATEMENT OF BALANCES

AS AT 31[ST] MARCH 2023

Opening balance at 1st April
Received during the year
Kit bond refunds
Pitch training and facility hire
Kit and equipment
Coach education and training
Closing balance at 31st March		 Deposi
ts
c
Relie
f
Gran
t
ty Chest
Grant
£
£
£
£
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

Page 6

NOTES TO THE ACCOUNTS

1. Basis of accounts

The accounts have been prepared under the historical cost convention on a receipts and payments basis and are in accordance with the Charities (Accounts and Reports) Regulations 2005 and guidance issued by the Charities Commission.

2. Fund accounting

Bridgend Town FC is a registered Charitable Incorporated Organisation (CIO). Under its constitution, the trustees of the Club are free to apply the unrestricted general funds for the general charitable purposes set out in the constitution.

The following restricted funds are operated:

Kit bonds: The Club issues its playing members with match kit, ownership of which is retained by the Club.

Grant funds: The Club applies for grant funding to support specific projects. These funds are restricted to the purposes for which the funding was approved. There was no grant funding received in 2021/22, in 2020/21 there was £1,000 received with no conditions attached so it has not been shown as a restricted fund.

Further detail on restricted funds received and spent is set out on page 7.

3. Trustee remuneration and expenses

No trustees received any remuneration or claimed expenses during the financial year.

4. Related party transactions

There were no related party transactions during the year.

5. Loans and guarantees

The Club has no borrowings as at 31[st] March 2024 (2023: £nil) and has not borrowed any monies during the year.

The Club has given no guarantees during the financial year.

Page 7

CHARITY (OMMISSION FOR ENGLAND AND WALES Independent examiner's report on the Section A Independent Examiner's Report Report to the trustees Bridgend Town Football Club On accounts for the year ended 31" March 2024 Charity no (if any) 1158594 Set out on pages 3to7 rememDer lo include the Daoe numbers ol additional sheets) report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended Responsibilities and basis of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Acr,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examinerfs statement come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in. any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements Gon￿rnIng the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. I have no COn￿mS 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. ' Please delete the words in the brackets if they do not apply. Signed: Date: 13-11. Name: Relevant professional qualifiGation(s) or body (if any): &hl&b12Ecfc£ OG 4tceu£E+ tJD . Address: i TI PA-eLsrLEer CF314AL IER Oct 2018