## **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: - 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 concerning 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 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. - _Please delete the words in the brackets if they do not apply._ **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: - select suitable accounting policies and then apply them consistently; - make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Club will continue to operate. 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