Registered number: 09152373
Charlty number: 1159381
COLCHESTER UNITED COMMUNITY FOUNDATION (Formerly Colchester
United FC Football in the Community)
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

COLCHÈSTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guaranlee)
CONTENTS
Pages
Reference and A¢mlnistrativè Details of thè Company and its Trustees
Trustee$. Report
Indepertdent Examlner's Report
Statement of Financial Actlvllles
Balan¢t Sheet
10
Statement of Cash Flows
11
Notes to the FlnancFal Statements
12-26

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY AND ITS TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024
TrusteeslDirectors
Robert Cowling
Hayley Bannister (appointed 16 November 20241
Timoihy Waddington (resigned 24 March 2024)
Richard Hunt (appointed 1 October 2024)
David Murthwaite (appointed 1 October 2024)
Linda Gaine
Anne Turrell
Dmitri Frederick Halajko (resigned I September 2024)
Company regi$tered
number
09152373
Charity reglstered
number
1159381
Registered offlce
PO Box C05 OLX
JobseNe Community Stadium
Unlled Way, Mile En¢
Colchester
Essex
C04 SUP
Company secretsry
Helen Haworth
Webslte
www.cu-fc,¢omlfit¢
Independent Examiner
Scrutton Bland Limited
Chartered Accountants
Fitzroy House
Crown Street
Ipswich
Suffolk
IP13LG
Page 1

COLCHESTER UNITED COMMUNITY FOUNDATION
IA Coinpany LimAted by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JLINE 2024
The Trustees present their annual report together with the financial statements ot Colchester United Community
FourKlation {the "Charitable Company" or the "Ch8rtV') for the year ended 30 June 2024. The Annual Report
seNes the pU￿oseS of both a Trustees. report and a Direclors. report under company law. The Trustees confirm
that the Annual Report and financial statements of the Charitable Company compty with the current statutory
requirements, the requirements of the Charitable Company's governing documenl and the provisions of the
Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable In the UK and Republtc of Ireland (FRS 102) and the Companies Act
Since the Charitable Company qualifies as small under set140n 382 of the Companies Act 2006, the Strategic
Report required of medium and large companies 4mder the ConwanRs Act 2006 {Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
The information on page I lorms part ol the Trustees, ReporL
Oblectives and activltles
a. Policies and objectives
The piinupal object ot the Charltable Company ts to pro4ryOe community parttcipation in healthy recreation by
providin9 progfammes for the playing of association f£￿tba￿ and other sports capable of improvin9 health.
During the year when planning ihe a¢tivib'es of the Charity, the Twstees have read aftd paid due regard to the
Charty Commission'5 guidan￿ on public benefil in accordance with sects'on 17 of the Charities Acl 2011.
b. M•tn activitle$ undertaken to lurther the Company's purpose$ for the publlc benefit
The Chafity provides high quality sports and educalion programmes to children. young people and adulls from
across the local region. The Charity positions itself lo provide its programmes to people of all ages.
Aehievements and performance
a. Key perfomance indicators
The surplus generated for the financial year is £67,876 (2023.. £66.605)-
The reserves held at the end of this financial year are £725,062 (2023.. £657 186), of which1£147 136112023.,
£56,745) ale reslri¢ted.
Pa9e 2

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 30 JUNE 2024
Achlevements and performance (contlnued}
b, Revlew of actlvitles
We are delighted to report that 2023.24 financial year has seen our hlghest ever revenue generaled, number of
participates and delivery hours engaged in our provision. Thls is huge credit to the skills and expertise of our
staff, volunleers and Irustees who are encouragin9 more people than ever before to improve Iheir lives through
sport. health, and educalion.
We are now uniquely pl8Ged to tackle some of the key issues that our community is facing, alongside combating
bioader societal challenges, and supporting local arid nalional agendas. Through the engagement of over
9,5000 individuals on average each week, we positively impact our community by providing opportunities for
people to become the best version of themselves. Ongoing partnership development is key to our strategy and
together we will inspire, enrich, and vnite our communities.
Adopting our "Enrich our communities" strategy and upgrading our approach for the times we are in, and the
fulvre we want to build is crucial. We believe sport and physical activity has a huge role to play in improving
physical and menlal health for all, supporting Ihe economy, reconnecting communities, and building a slronger
society for all.
This will be possible by our comprehensive governance and innovative leadership ID place to support our
workforce as we diversify and expand our offer again. We believe that through our key stfategic priorities we wlll
maximise all aspects of our partlcipant's journey and in lurn our programmes will grow, but also ensure that an
individual's journey feels and looks further enricheo.
We are always thère for our community bul more importantly, we have been there for our communilles thal
need us most. Moving forwards: we will ensure we continue to make a difference whether that is to indivlduals,
groups or Ihe ¢ornrnunity- The support of many partner organisalions has enabled us to be successful In
eslablishing our programmes al the heart of the communlties whilst addressing mental health. physical health,
loneliness, and isolation In our community.
I hope you find our Chariles Commission report provides a clear insight into Colche8ter Uniled Communily
Foundation financial position. We are proud of the work we undertake and achievements. and look foNard to
ensuring another year of development, manageable growth and success ahead In 2025.
Revlew of financial PDsltlon
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation Ihat the Company ha$
adequate resources to meet its liabilities as they fall due and to continue in operational existence for the
foreseeable future. being al least 12 months from the dale of approval of these financial stalemenls. For this
reason. they continue to adopt Ihe going concem basis in preparin9 the financial slalements.
P8ge 3

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guaranlee)
TRUSTEE5' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
b. Reserves pollcy
The InC￿aSe in our restricted funds deficit Irom previous fi'nancial years relates to inC￿aSed prolecl
expenditure, as these projects are ongoing, and further revenue is expected in the months and years ahead We
are forecasting that these will neutralise and become break even by tbe end of this financial year.
It is the policy of the Charity lo maintain unrestricted funds, which are free reserves of the Charity, at a level
which equates to approximately six months unrestricted expenditure to prolect against a decline or interruption
of future sources of income. Si¥ months being deemed suitable to enable the activities of the Charity in respect
of fvnding allocalions, continuity in provision of service and iesponsibilities to staff to be fulfi15ed.
The Trustees review the level of reserves of Ihe Charlty in contexl with Ihe current economic climale to ensure
sufficienl reserves are mainlained to fulfill the Charitvs activities on an ongoing basis,
Page 4

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDEO 30 JUNE 2024
Stfucture, governance and management
a. Constltutlon
The Company is registered as a Charitable Company Ilmited by guarantee.
The Company is constituted under a Memorandum of Associalion dated 29 July 2014 and is a reglslered
charity, number 1159381.
The principal obiecl of the Charity Is to promote community participation in hEalthy recreation by providing
facilities for Ihe playing of association football and other sports Capable of improving health.
b. Methods of appolntment or election of Trustees
The management of the Charity 1$ the responsibility of the Trustees who are elected and co.opled under the
temis of the Trust deed.
¢. Pollcles adopted for the inductlon and tralning of Truslees
New Trustees undergo three months, induction. During this lime the new Trustee receives inslruclion on their
obligations under charity and company law, the Charity Commission guidance on public benefits, governance
obligations, the committee and decision making processes, the business plan and recenl flnancial
performances of the Charity. During induclion the new Trustee will attend approprlate external training events
where these will facilitate Ihe undertaking of their role alongside an inductlon checkllst and introduction pack.
d, Risk management
The Charity relains a Risk Management Policy where all changes are brought to the attention of Ihe Trustees,
and dependenl on severity, action plans implemented to address the risk. This policy is reviewed on an 8nnual
basis at a board meeting.
Plans for future periods
To ensure the Charity continues to enrich the lives of the people within our communities through high quality,
engaging and inspiring sporting provisions. Specifically to improve, grow and add to existlng programmes.
Page 5

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Statement of Trustees. responsibllltles
The Trustees (who are also Ihe Directors of the Company for the purposes of company law} are responsible for
preparin9 the Trustees, Report and Ihe financial statements in ac¢ordan¢e with applicable law and Unlled
Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the TrLJstees must not approve the financial statements unless they are satisfied thal they give a true and fair
view of the state of affairs of the Chanty and of its incoming resources aniy application of resources, including its
income and expendilure, for thal period. In preparing these financial siatements. the Trustees are requlred to:
select suitable ac¢ounling policies and then apply them consislently,,
observe the methods and principles of the Charities SORP <FRS 102).,
make judgments and accounting estimates that are reasonatsle and prudent;
State whether appli¢able UK Accounting Standards (FRS 102) have been followed. subject to any
material departures disclosed and explained ID the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihat the
Charity wtll continue in business.
The Trustees ?re respongible fof keeping adequate accounling records that are sufficient to show and explain
Ihe Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable Ihem lo ensure that the financial slalemenls Comply wilh Ihe Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity 8nd hence for taking reasonable steps for the prevention
and detection of fraud and other ir", egularities.
Approved by order of the members of the Board of Trustees on l% Itlf and si9ned on their behalt
ljy:
Mr R A Cowllng
Trustee
Page 6

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limlted by Guarantee
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 JUNE 2024
Independent Examlnerfs Report to the Trustees of Colchester Unlted Communlty Foundatlon
(Ihe 'Charlty')
I report to the charity Trustees on my examination of the accounts of the Company for Ihe year ended 30 June
2024.
Rèsponsibllltles and 8asls of Report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in ac¢ord8nce with the requirements of the Companies Acl 2006 ('Ihe 2006 Act,).
Having satisfied myself thal the ac¢ounts of the Company are not fequired lo be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in ￿spect of my examination of the Company's
accounts carried out under section 145 01 the Charities AGt 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 Ihe 2011 Act.
Independenl Examlnerfs Statement
Slnce the Companys gross Income exceeded £250,000 your examiner must be a member of a body listed in
seclion 145 of the 2011 AGt, I confirm that l am qualified lo undertake the examination because l am a member
of (enter body bere). which is one of Ihe lj'sted bodies.
I h8ve completed my examination. I confirm thal no matters have come lo my attention In connection wilh the
examination giving me cause to believe".
accounting records were not kept in respe¢l of the Company as required by section 386 of the 2006 Acl:
Dr
the a¢counts do not accord wilh those records., DT
the accounts do not comply wilh the accounling requirements of section 396 of the 2006 Act other than
any requirement that Ihe accounts give a 'true and fairf view which is not a matter considered as part of
an independenl examination.. or
the accounts have not been prepared in accordance with the methods and principles of Ihe Statement of
Recommended Practlce for accounting and ieporling 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}.
Page 7

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmited by Guaranloe)
INDEPENDENT EXAMINER'S REPORT ICONTINUED)
FOR THE YEAR ENOED 30 JUNE 2024
I have no concems an(J have come across no other matters in connect￿n with the examinallon lo which
attenlion should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
s￿￿ed.
Dated: 11 l(SiS
John PÈry FCA
ScrLitttyI Bl8nO Limited
Chartered AccoLtntants
Fttzroy House
Crown Street
Ipswich
Suffolk
IPI 3LG
Page 8

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmlted by Guarantee
STATEMENT OF FINANCIAL ACTIVITIES <IN¢QRPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Notes
Income from..
Donalions and legacies
Charitable activities
InvestmeDts
73,878
625,795
14,167
73,878
910,509
14,167
42,017
866,487
284,714
Total lrtcome
713,840
284,714
998,554
9Q8,504
Expendlture on:
Charilable activilles
385,919
544.759
930,678
841,899
Tolal expendlture
385,919
544,759
930.678
841,899
Net Sncomel(Èxpenditurtl
Transfers betvieen funds
327,921
(56,164)
1260,045)
56,164
67,876
66,605
15
Net movpment In funds
271.757
1203,8811
67,876
$6,605
Reconclllatlon of funds.,
Tolal funds broughl fomard
Net movemenl in funds
600,441
271,757
56,745
(203,881)
657,186
67,876
590,581
66,605
Total funds Carrleo forward
872,198
1147,136)
725,062
657,186
The notes an pages 12 to 26 fom part of these financi81 statements.
Page 9

CQLCHESTER UNITED ¢OMMUNITY FOUNDATION
IA Company Limited by Guarantee)
REGISTERED NUMBER: 09152373
BALANCE SHEET
AS AT 30 JUNE 2024
2024
2023
Notes
Fixed assels
Tangible assels
Investmenls
244.754
164,943
12
244,755
164,944
Currnnt assets
Debtors
Cash at bank and in hand
13
34,291
608,473
22,866
550,344
642,764
573.210
Credit(xs: amounts falling due within one
year
14
(162,457)
(80,968)
Net current assels
Total assets less current Ilabilities being
nel assets
480,307
492,242
725.062
657.186
Charlty funds
Restricted funds
Unrestricled funds
15
15
{147,136}
872,198
56,745
600.441
Total funds
725.062
657,186
The Company was entitled to exemplion from audit under seclicn 477 of the Companies Act 2006 and the
members have nol required the company lo obtain an audit for the year in question in accordance with section
476 of Companies Act 2006.
The Truslees acknowledge their respon5ibililies for complying with the requirements of the Act with respect to
accounting records and preparalion of financial statements.
The financial sl8lements have been piepare(J in a¢¢ordanGe with Ihe provisions applicable to entities subject to
the small companies re9ime.
The financial slaleme
re appr
and aulhorised for issue by the Trustees on IE YWK(KItsIS
and signed on their behall by..
Mr R A Cowling
<Truslee)
The notes on pages 12 10 26 form part of Ihese financial slalements
Page 10

COLCHESTER UNITED COMMUNITY FOUNDATIQN
(A Company Llmlted by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Notes
Cash flows from operating actlvitles
Net ￿$h generated from operating activities
18
196,048
20,883
Cash flows from Invesllng actlvlties
Proceeds from the sale of tangible fixed assets
Purchase of tangible fixed assets
700
{98,034}
(137,920)
Net ¢ash (used ln) by invesling aclivitles
{137,9201
(97,334)
Change In cash and cash èqulvalents In the year
Cash and cash equivalenls at the beginnin9 of the year
58,128
176,4511
626,796
550,¥45
Cash and cash equiyalents at the end of the year
19
608,473
550,345
The notes on pages 12 to 26 form part of these financial stalements
Page11

COLCHESTER UNITED COMMUNITY FQUNDATION
(A Company Llmited by Guaraniee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
General informalion
The Chariiy is a company limited by guarantee. The members of the Company are the Trustees named
on page l. In the event of the Company being wound up, the liability in respect of the guarantee is limlled
to £10 per member of the Company.
Accounting policles
2.1 Basls of Pfeparatlon of financlel statements
The financial slatements have been prepared in a¢¢ordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charilies
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021 and the Companies Act 2006.
Colchester United Community Foundalion meets the definition of a public benefit entity under FRS
102. Assets and liabllities are initially recognised at historical cost or transaction value unless
othe￿ise stated in the relevanl accounling policy.
2.2 Going concem
After making appropriate enquiries. the Truslees have a reasonable expectalion Ihal the Company
has adequate resources to meet its liabilities as they fall due and to continue in operational
existence for the foreseeable fulure. being at least 12 months from the date of approv81 of these
financial statemenls. The Trustees also confim that at the time of approving the financial
statements. there are no material uncertainlies regarding the Charit￿$ ability to contlnue in
operational existence for the foteseeable future. Accofdingly, these financial statemer¢ts are
prepared on the going concern basis.
2.3 Income
All income is recognised Once the Charity has entillemenl to the income, It Is probable that Ihe
income will be received and the amount of income receivable can be measured reliably.
2A Expenditure
Expenditure is recogni5ed Oft￿ there is a legal or Gonstructive obligation lo transfer economic
benefit to 8 third party, it is probable thal a transfer of economic benefits iNill be required in
selllemenl 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 cosls and shared costs.
including supporl costs involved in undertaking each aclivity. Direct costs attribulable lo a single
activity are allocaled directly to that aclivity. Shared costs which contribute lo more than one activity
and support cosis which are nol attributable lo a single activity are apportioned between those
activities Dn a basis consistent with the use of resources. Central slaff costs are allocaled on the
basis of lime spent, and deprecialion charges allocated on the portion of the asset's use.
Charitable aclivilies and Governance costs are costs incurred on Ihe Charity's educational
operations, including support cosls and costs relaling to the governance of the Charity apportioned
lo charitable aclivities.
All expenditure is inclusive of irrecoverable VAT.
Page 12

COLCHESTER UNITED COMMUNITY FOUNDATIQN
IA Company Limlled by Guaranlee}
NOTES TO THE FINAtrICIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
AGcounting poll¢lEs (contlnued)
2.5 Interest re¢elvabl•
Interesl on funds held on deposit is included when receivable and the amount can be measured
reliably by the Comp8ny', thls is normally upon notification of the interest paid or payable by the
Institution with whom the funds are deposited.
2.6 Taxatlan
The Chaflty is considered to pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a Charitable Company lor UK corporation lax purposes.
Accordingly, the Charity is potentially exempt from laxation in respect of income or capitsl gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
2.7 Tangible flxed a$sets and depreclatlon
Tangible fixed assets costing £500 or more are capitalised and recognised when fufvre economic
benefits are probable and Ihe cost or value of the asset can be measured Teliably.
Tangible fixed assets a￿ intlially reco9nised at cost. After recognition, under the cost model,
tangible fixed assets are measured al cost less accumulated deprecialion and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condilion should be included In the measurement of cost.
Depreclatlon is charged so as lo allocate the cost of tangible fixed assets less their residual value
oveT their estlmated useful lives on the following bases:
Leasehold Improvements
Equlpment
Motor vehicles
20°/0 Straight line
100/0 10 330/0 slraight line
20°A slraighl line
2,8 Investment
Inveslment in subsidiary is slated al cost less provision for impairment.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discouni offered.
Prepaymenls are v8lued at the amount prep8id nei of any trade discovnls due.
2.10 Cash at bank and In hand
Cosh al bank and in hand includes cash and short-term highly liquid investments with a short
maturity of Ihree months or less from the dale of acquisition Qr opening Df the deposit or similar
accounl.
Page 13

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llrnited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
A¢countlng ppllcies (¢onllnued)
2.11 Liabllitles and provi$lon$
Liabilities are recognised when there is an obligation at the Balance Sheel date as a result of 3 pasl
event, it is probable thal a transfer of economic benefi't will be required in settlement, and the
amounl of the selllement can be estimated reliably.
Liabilities are recognised at the arnounl that the Charily anticipates il will pay to settle the debi or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured ai the besf estimate of the amounts required to settle Ihe obligation, Where
the effect of the time value of money 1$ material. the provision is based on Ihe present value of those
amounts, discounled al Ihe pre-tax discount rate that reflects the risks specific to the liability, The
unwinding of the discount is recognised wilhin interest payable and similar charges.
2.12 Financlal Instruments
The Charlly only has financial assets and financial liabilities of a kind that quallfy as basic linaiicial
tnstruments. Basic financial instruments are initially ¥ecognised at transaction value and
subsequently measured at Iheir setlkment value.
2.13 Penslons
Colchester United Football Club Limited, a company related by Common control, operates a defined
contribution pension scheme and the pension charge represents the amount$ payable by Colchester
United Football Club LI￿lled. to the fund in respect of the year,
2.14 Fund aGcounling
General funds are unre$tricled funds which are available for use at the discretion of Ihe Truslees in
furtheranLe of Ihe general objectives of the Charlty and which have not been designaled for other
purposes.
Reslriclecl funds are funds which are to be used in accordance wilh specific restricticns impDsed by
donors or which have been raised by the Charlly for particular purposes. The costs of raislng and
administerlng such funds are charged against Ihe specific fund.
Investment incorne. gains and losses are allocaled lo the appropriate fund.
Page 14

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmlted by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Incomè from donations and legacles
Unteslricted
funds
2024
Total
funds
2024
Total
funds
2023
Gift aid
Government granls
24,128
49,750
24,128
49,750
42,017
73,878
73,878
42,017
Total 2Q23
42,017
42.017
Incom¢ from charitable actlvltles
Unrestricted Restrl¢ted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Education
Sports Participation
Health and Inclusion
Other
198,280
274,183
92,541
60,791
198,280
381,968
269,470
60,791
183,711
353,095
319,937
9,744
107,785
176,929
625.795
284,714
910,509
866.487
Total 2023
514,405
352.082
866,487
Investment income
Unrestricted
funds
2024
Total
funds
2024
Tolal
funds
2023
Interest ieceivable
14,167
14,167
Pago 15

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Analysls of expendllure by acti¥ltlp$
Activities
undertaken
dlrectly
2024
Supptsrt
Costs
2024
Total
funds
2024
Total
funds
2023
Education
Sports PgrtiGipation
Health and Inclusion
Other
71.009
275,255
322,198
21.771
43,352
90.679
69,705
36,709
114,361
365,934
391,903
58.480
97,107
344,87Q
373,151
26,771
690,233
240,445
930,678
841,899
Tolal 2023
678,758
163.141
841,899
Analysls of support costs
2024
2023
Professional fees
Communicatiors expenses
Vehicle expenses
Managemenl charges
Other supp¢rt costs
8,148
1,814
42,305
27,000
161.178
8,551
1,581
44,745
13,500
94.764
240,445
163,141
Net Incomel(expenditurel
2024
2023
Deprecialion of tangible fixed assels:
owned by the Chafily
Fees payable to the Independent ExaTniner in respect of:
Independenl examinalion of the Charitls annual report
58,109
38.197
2,900
2,600
Page 16

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension scheme
441,629
58,559
48,668
445,828
60,715
50,502
548.856
557.045
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
No.
43
None of the employees received remuneration amounting to more than £60,000 in either the current or
prior year.
Key management remuneralion paid in the year consisted of remuneration amounting to È61,166 (2023".
£58,666) and pension contrlbulions of £1,431 (2023.. £1,316). The Trustees received no remuneration for
their qu31ifying services lo the Charlty in either the current or prior year.
10. Trustees, remuneratlon and expenses
During the year, none of the Twslees received any remuneration or other benefits {20.23 . £NIL).
During the year ended 30 June 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 17

COLCHESTER UNITED COMMUNITY FOVNDATION
(A Company Limlled by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
11. Tangible flxed assets
Leasehold
improvemen
ts
Motor
vehicles
Equipment
Total
Cost
At 1 July 2023
Additions
7,134
47,187
19,391
14,897
210,496
75,836
237,021
137,920
At 30 June 2024
54,321
34,288
286.332
374,941
Depreciation
Al 1 July 2023
Charge for the year
6,658
5,539
18,678
2,766
46,742
49,804
72,078
58,109
At 30 June 2024
12,197
21,444
96,546
130.187
Net book value
AI 30 June 2024
42,124
12,844
189,786
244.754
AI 30 June 2023
476
713
163,754
164,943
12.
Fixed asset investments
Investments
subsidiary
companles
Cost or valuation
At 1 July 2023
At 30 June 2024
Net book value
At 30 June 2024
At 30 June 2023
Page 18

COLCHE5TER UNITED COMMUNITY FOUNDATION
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
12.
Fixed asset Investments (Gontlnued)
Princlpal subsldiary
AI 30 June 2024, the Charity bad the following subsidiary undertaking:
Name
Registered office or princlpal Prlnclpal activlty
placé of buslness
Class of
shares
Colchester United Conimunlty
Trading Limited
Jobsetve Community Stadium
United Way
Mile End
Col¢hester
Essex C04 SUP
Sports activities
Ordinary
These financial statements have not been consolidated with the tesults of the Charitls ￿OllY owned
subsidiary undertaking as the Group is small. Therefore these financial statemenls presenl the results of
the Charily and not of ils Group.
13. Debtors
2024
2023
Due withln one year
Trade (Jebtors
Amounts owed lo subsidiary undertaking
Prepayments and accrued income
5.796
8,464
20,031
11,228
11,638
34,291
22,866
The amoLJnts owed by tbe subsidiary undertaking are inlerest free and repayable on demand.
Page 19

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
14. CredStors.' Amounls falllng due wlthln one year
2024
2023
Trade creditors
Arnounts owed to subsidiary undertaking
Amounts owed lo related parties
Accruals and deferred in¢orDe
10,725
15,914
18,048
7,771
39,235
29,091
122,641
162,457
80.968
The amounts owed to the subsidiary undertaking and related parties are interest free and repayable on
demand.
Page 20

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
15. Statement of funds
Statement of fvnds w current year
Balance at
30 June
2024
Balance at 1
July 2023
Transfers
Inloul
Income Expenditure
Unreslrlcted funds
General Funds - all funds
600,441
713,840
(385,919}
156,164)
872,198
Restricted funds
He81th & Inclusion
Sports P?rticipation
64,812
18,067>
176,929
107,785
1417.27Q)
(127,489>
56,164
1119,365}
(27,771)
56,745
284,714
(544,759)
56,164
(147.136)
Total of funds
657,186
998,554
(930,678)
725,062
Page 21

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
15. Statement of funds (contlnued)
Statement tsf funds - prlor year
Balance ai
30 June
2023
Balance al 1
July 2022
Income Expenditu
Unrestrlcted funds
General Funds- all funds
319,046
556,422
(27S,0271
600,441
Reslrl¢tÈd funds
Health & Inclusion
Sports Participalion
247,929
23,606
205,773
146,309
(388,890)
(177,982)
64,812
18,0671
271,535
352,082
(566,872)
56,745
Total of funds
590,581
908,504
1841,899)
657,186
Page 22

COLCHESTER UNITED COMMUNITY FOUNOATION
(A Company Limlted by Guarahfee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
15. statement of funds (continued)
The Heallh and Inclusion restricted funds are for Ihe following initiatives:
The Premier League Primary Stars Programme represenls inccme awarded for Ihe purposes of
delivering activities to primary schools focusing on the core values of the Premier League Primary Slars
Programme. All sessions are offereLI lo upskill teachers, provide en9aging sessions for participants and
to increase participalion in sport.
The Premier League Girls fund represents income awarded for the purposes of increasing
participation for females within the communlty. Sesstons delivered in schools and at commuriity hub to
support the en9agement of 11 + females in sport.
The Premier League Kicks fund represents income awarded for the purpose of providing sports
sessions in largeted areas to increase participants, decrease levels of anti-social behaviour and improve
levels of community cohesion. As well as increasing physical activity, this project works towards key
outcomes Includin9 volunleering and qualifications.
The United Againsl Knife Crime fund represents income awarded for a community safely programme
engaging young ¢hildrÈn around the d8ngers of knife crime.
The Joy of Moving fund represen15 income awarded lo promole healthy eating and lifestyle choices in
a programme delivered in primary schools.
The EFL InfrastractUTe fund represents income awarded for the purpose ol improving the facilities to
assist the Charily in delivering ils obleclives.
The BSBT fund represents income awarded for the purpose of challenging extremism in the
commLJnity.
The BBC Children in Need grant fund is for supporting chlldren aged under 18 who suffer wilh
disabilities and Ihis project is funded by Children in Need.
The NCS fund Is a project for School year 11 and 12 studenls and provides them with residentlal
expefience. social actions projects and life skills. Thp project is funded by Ihe NCS Trust.
The Youth Investment Award fund was received in March 2022 to support the Cha¥ity's services and
offering io yoiing people. The fund has enabled the Charity to improve its infrastruclure and offering io
children and families that il serves.
The Sports and Participation Fund relates lo the Aclive Essex Holiday Clubs which is to support working
families throughout the school holidays.
P8ge 23

COLCHESTER UNITED COMMUNITY FOUNDATION
IA Company Limlt•d by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
16. Analysis of net assets between funds
Analysis of net assets between funds - current perlod
Unrestricted Restrlcted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Trade investments
Current assets
Creditors due within one year
Difference
244,754
244,754
642,764
(16,407} (146.050)
1,086
(1,086)
642,764
(162,4571
Total
872,198
{147,136)
72S,062
Analysis of net assets between funds - prlor period
Unreslri¢led
funds
2023
Restricted
funds
2023
Totsl
funds
2023
Tangible fixed assets
Fixed asset inveslments
Current assets
Creditors due within one year
164,943
164,943
516,465
(80,968)
56,745
573,210
(80,968)
Total
600,441
56,745
657,186
Page 24

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
17. Related party transactions
Al the year end, the Charity owed Colchesler United Football Club Limited, a company related by
common control, an amount of £2,835 {2023: £6,099).
During the year, the Charity incurred management charges from Colchester United Football Club Limiled
amounting to £27,000 {2023'. £13,500).
During the year, the Charity incurred recharges including slaff costs from Colchester United Football Club
Limited amounting to £548,856 (2023.. £564,025).
At the year end. the Charity owed Colchester United Hospitality Limited. company related by common
control, an amount of £256 (2023: £7831.
Al the year end, the Charity owed Aspire Projects Limited, a company relaled by common control, an
amount of £86 (2023.. £297).
At the year end, the Charity owed Jobserve Sports & Social Club, a charity related by Common control. an
amount of £7,46612023: £591).
At the year end, the Charity owed Colchesler Unitèd FC FITC Trading Limited, the subsidiary
undertaking, an amount of £Nil (2023; £18,048}.
During the year, the Charity received a gift aid donation from Col¢hester United FC FITC Trading Limlted
amounting to £73,878 (2023: £42,017) in respect of tradlng profits gifted to the Charily.
18.
Reconclllatlon of net movement In funds to net cash flow from operatlng activities
2024
2023
Net income for Ihe period (as per Statement of Financial Activities)
67,876
66,605
Adjustments for:
Depreciation charges
Loss on the sale of fixed assets
Increase in debtors
58,109
38,197
2,096
(12,554)
173,4611
(20,676)
81,489
Increasel{decrease} in credilors
Net cash generated by operatlng activities
186,798
20.883
Page 25

COLCHESTER UNITED COMMUNITY FOUNDATION
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
19. Analysis of cash and Gash equlvalents
2024
2023
Cash at bank and in hand
608,473
550,345
Total cash and cash equlvalents
608,473
550,345
20. Analysls of changes in net debt
At 1 July
2023 Cash flows
At 30 June
2024
Cash at bank and in han¢
550,344
58,129
608,473
21. Controllln9 party
The Charity is controlled by the Board of Trustees.
Page 26

COL¢HESTEP
UNITED f ¢
COMMUNITY
FOUNDATION
Reqistwed Chaiily Numbei 1159381
Colchester United Communit Foundation
Charities Commission Re
ort Jul 2023- June 2024
We are delighted to report that 2023.24 financial year has seen our highest ever revenue generated, number of
participates and delivery hours engaged in our provision. This is huge credit to the skills and expertise of our staff,
volunteers and trustees who are encouraging more people than ever before to improve their lives through sport,
health, and education.
We are now uniquely placed to tackle some of the key issues that our community is facing, alongside combating
broader societal challenges, and supporting local and national agendas. Through the engagement of over 9.5￿)0
individuals on average each week, we positively impact our community by providing opportunities for people to
become the best version of themselves. On8oing partnership development is key to our strategy and together we will
inspire, enrich, and unite our communities.
Adopting our"Enrich our communities" strategy and upgrading our approach for the times we are in, and the future
we want to build is crucial. We believe sport and physical activity has a huge role to play in improving physical and
mental health for all, supporting the economy, reconnecting communities, and building a stronger society for all.
This will be possible by our comprehensive governance and innovative leadership in place to support our workforce as
we diversify and expand our offer again. We believe that through our key strategic priorities we will maximise all
aspects of our participanvsjourney and in turn our programmes will grow, but also ensu￿ that an individual's journey
feels and looks further enriched.
We are always there for our community but more importantly, we have been there for our communities that need us
most. Moving forwards, we will ensure we continue to make a difference whether that is to individuals, groups or the
community. The support of many partnerorganisations has enabled usto be successful in establishing our programmes
at the heart of the communities whilst addressing mental health, physical health. loneliness, and isolation in our
community.
I hope you find our Charites Commission report provides a clear insight into Colchester United Community Foundation
financial position. We are proud of the work we undertake and achievements, and look forward to ensuring another
year of development, manageable growth and success ahead in 2025.
Corin Haines
CEO
TO INSPIRE, ENRICH
AND UNITE OUR COMMUNITIES
www.cu-fc.com/cucf
cucf@colchesterunited.net
01206 755160
O @ColU_CF O /ColU_CF
#enrichourcommunities
Shrub End Conimunity & Sport Centre, Boadicea Way, Colchester, E55ex, C02 9BG