Charfty r•gi8lration numbw 1163911 Company reg16tratlon numb•r 09411676 (England and Wal0•1 AFC FYLDE COMMUNITY FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
AFC FYLDE COMMUNITY FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Th18tee9 Mr R Lancaster Mr M Thrèw8 Ms LA Calland Mr C Brammall Mr D Edmundson Mr T Fltzpolrfck Mr6 G Byme Mr8 K JkSOn (Appointed 29 June 2023) (Appointed 15 D•cambor 20231 Charity number 1163911 Company numb•r 09411876 R•gl•t•r•d r)fflc• Fylde Sports and Education CentrB Coronallon Way Wgsham Ps1On England Loncashtre PR4 3JZ Ind•pond•nt •x•mln•r Davld Evans FCA B18hops 1 Croft Court, Plumplon C108e hllehllls Bu8lne88 Park BlJckpool FY4 SPR
AFC FYLDE COMMUNITY FOUNDATION CONTENTS Pag• Tru8tees' report Indop8nd8nl ex8min8f8 réport St41omonl of Inondal acUvttl88 B•l•nc• $h••t statsmenl of fh)ws 10 Note• lo the finandal statomon18
AFC FYLDE COMMUNITY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MAY2024 tru¥teg5 present thelr annual report and Ilnaneial statèmants forthe year ended 31 May 2024. The financial statements have been pr•parad In ¥¢cordance with the accounting pollcle$ sel out In not• 1 to tho finanaal statements anrl eompty with the char5ty's Ir1151 d?ed, the Companles Acl 20C6 and 'AcntIng and Rpporting by Charllles.. Stat•m•nt of R•¢ommend8d Practi applicable to th8rf11gJ preparlng their acojunts in accordanc8 w(th the Financlal Reportlng Slandar(l appllcable In the UK and Rèpublc of ITBlund IFRS 1021 leffecte 1 January 20f9}" Introductlon AFC Fylde Cornrnunlty Foundatlon was e8tsblSghed As a chty In 2015 and now employs over 20 stgff who deliver communlty-ba8ed aclNitie5 and seNiees aoo$$ the Borough of Fyld•. The88 NICe5 impact over 7,600 pgoplo 88th year. The chorW• obJ8¢t8 are for the public n•fft And are ipeclftcalty restrlct¢d lo the following.. To prornote for the bentffll of the knh4bitanls of L8n¢a8Nre ond the 8urroundlng area the Provision of tsdlltl93 for recreatlon or oth•r bi$ur8 time occupAtlon of Inthvlduals who have n88d of 8uch facilit188 by reason of thèlr youth, •gg, Inffirmlty or dS88bl8ment, fin8nclal hard8hlp or swal and 8¢onofflc ctrcumstancey or for th• Publ at large in the Inl¢r8$18 of social wolfare and wltn the object of Improving Ihe life of 8Bid inhabllanls. Wlhoul pr8ludl¢e lo the ggngr¥llty of the foregolng by th• provl8lon of th• opportunty to p8rtirApate in the sport of football In au ways and 8ecordlng lo 811 abllKles. Such of other excluslvely charflable purpos•A 98 the Iru8tees In Ihelr ¥bsolLtto dlscr•lion may d•l8rmlne from tSme lo timo. Thore has boan no Chan In th0 durlng the ygar. The truste88 hava p?Id duè ward to guSdance 186uod by the Charlty Commls8lon In d•cldkng that adlvlU88 the charlty should undertaka. Obl•ctlv•• •nd actlvhl Our Mh•lo To work wllh AFC Fylda and local organ15allons to use the brand of foolball and the power of sport to •n9go, ernpw9r, and enable the Fyld• population lo fulfill Ihelr pot•nli•l and thrive. Our lUt Collaboratlva we do Inclusiv• and DiveT8e in our approoch Innovaliva in our aclons Supportive of our team Ethl¢al and TranspAr8nt Envlronm8ntally Su8talnoble OurAlm To engage al mèmbers of the Fylde (y)mmunty, enabling them to make a po8lllve dNferenc• lo their 1sve8 and addressing the in&qualilies that exlst across OLkr communrties. As a ¢har6ty AFC Fylde Communlty Foundation is commlttod to moasuring the impact of tho work 51 undèrtakÈ$ and for a full ¢opy ofthe 21Y23 Impact Repjrt pleasè ck h6r8: ht zinè.eorn/fli ookJ751 rmula-> e<.11
AFC FYLDE COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Achiavem•nts and perf¢mwnce Been June 2023 and May 2024 AFC Fyltjg Communty Foundalon was ab16 to support Over 7.500 peopl acTOSS the Borough. Thè FouTh11On had another successftjl year Sn seNing the local Lx*mmunity and incr6as8d both tha Satc•S provld¢d and QVeTall footprint across Fyjde. These Induded new programmes Armed Forces families, sports development opportunrties. an apprent£ce8hip programmo, work readiness support 8nd actwrtiÈg to combat locali5ed anliv8ocial behaviour.
AFC FYLDE COMMUNITY FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 The key projects dalivarad by Iho Foundation during 2023124 include.. Employablllty, Educa0 ¥nd SklllB Fylde Focus119+1 The Foundation ex)ntinued tllr highty successfvl localty rerJJgnisgd 'Fylde Focus, employability programme, to supp)rt peopte aged 19+ who arè èconomically Inadl¥e. Buildlng on existing knowlèdgÉ •nd prevKJUS experience of Foundaion stalt, In add6fjon lo the existing relationships place with local partners all 5t0[5, the Foundation recruited economicalty inacfjve partidpaFts aged 19+ providèd mèntoring SUPPOrt find them suitable exit routes into employment. educat)n or training. Fylde Focus116-181 The FoundalpJn expanded on their 8xi5ting 'FyldÈ Focus, 918Mme lo support NEET young pgoplg INing in the Borough of Fylde to rd positive outcomes. Support is glven ono-10-one, onlSne and group peer mentoring. Trining Ground The FoLmd8lon dellverod the work readiness programme lo support unemployed and economiealty Inacti pÈople who #re- Belween the ages of 18 and 24 yaars old who awp furthest from the workpla¢e. Betrn th8 ageg of 25 and 49 years old who are furth9$1 frcffj the workplac£. Over the age of50 year5. Llvln9 wlth hoallh ¢ondhions. The programme will support those who are furthest from th8 WOrtplacÈ, who h8ve not been in empbymtrnl. eduG(on, OT training ts al leas18 months and face significant barriers. These Indudo bul are not limited to disabilty, mental heatth issues, low educalion altainmÈnt, homÈlè$gness. care leavers, ¢ar8tS. 4 critninal record, and low aspirations. Multiply The progTamme 5UPPOrts adults fjr lh$ age of 19 who do not have a maths GCSE 81 grade C lor equivalgnt). by providing access to trèè numeracy Cou¥ to build conffdence with numb8rs and gain a Functional Skills Qualiknlion. The FouThJation offer a flexible approach to leamlng through a range of acttvlNes Indudlng one to one support. group menioring and distsnce learning alowing individuals to leam at their own pace. AppY¢titiGeship Programme Apprgrrticeship8 are an ever-populai option for people to eam whle Ihgy learn and are a wtal enty rte to galnlng the skills and experience required in the workpl9.Thr0h thÈ prolÈct. p8rticipants get hpnd8-on, reaHrfe experiewKe, leaming on the job whilè securiTrJ an alkjrdable and effect routs into a career. The programme albws thp FOundatn to contlnuE Iv thBir mi8sion to empower resldents, working with local businesses 8nd building on e$ting relatlonshlps to support eMplye people into apprentShip$. M•nloring and one on one supptsrt will be promded for pèrucipants and information on apprenll<*ship routes wlll also bg PTovided for Year 11 8ludents. Thls wll help ensure they havo the inlormation lo make infomiad dact8lun8 on the
AFC FYLDE COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 S¢huols Servlces and Developmental Pathwa School Bag•d ActlvlOe8 The Foundation works in partnershlp wfth local s¢htxls to d•1[r S¢1#11$t sport provislon. Stsff delr the PE cUrricuM to chldrèn In all age groups ensuring the provl$Son 18 in line wllh Ofsled requlfernen15. Stsff also piovlde fun and enjoyable sesslon$ for ¢hlldr•n ai bre<s$t, lunch and after-school. Our schools, provisKJn is not just an 8njoyablè 8xpèrl8ne for th$ Chldrèh, but It provldo8 thèm wllh capablllll88, coplng mechani8ms and emolbonal skSlls that develop them as Indlvlduals. Our seCe dellvery Is a precur8Dr for improving bolh physical 8nd méntal heallh among81 ¢hildr8n ¥nd youno peopl8. E•rfyY••r• AGtlvlll•• Worklng alongside local nurserleslearty yèars Sèttlngs the Foundallon d8llv6r6 a ran of sports sgsslons for ehlldr¢n #g&d betseon 24 aT1 to Improv• Ih•lr physlcal Ilt?rary. All 4es$lon$ gre deslgned in Ilne with the Ea Y&ors Foundation St8ge (EYFSI Frwnawork an8bling th8 childran to 18orn gnd dèvohjp vIrOnment lISt prepar4ng them for school. Hollday C•mp• •nd Actlvlty Club• Th• Foundallon dolr both foolball gnd multl-8PQrt cgmp8 91 varfous locottonj wlthln Fyld•. Our Camp8 and Club6 support children and young peopl8 aged b8fv48on 5 and 14. Th? cp$ are k•pl •fford•bl• lor p•r¢nl8 and carers, wh116t ensurin9 excellent 8ervlBe deuvery In a s&fe gnvlrunmBnl. Hollday A¢tl¥ltl•• •nd Food IHAFI Pro9rnmme The HAF programrne Is funded by the Department for Educauon, glvlng thlldr•n In ENJlAnd who •rn allglblo for frèè Sehool mèals the opportunity lo lake part In fun, enrfchlng, School hollday a¢15?6. The HAF programm• 18 d¢llvered along5? th• Found•llan'$ ¢xlsllng holld8y a¢ts'vttiè8 In parth8rsh¥> wilh Fyido CounrAI lo ensure Ih*l no chlld $hould go wlthout durfng brnaks from school. Footboll D•velopm?nt C•nt Th8 Dovolopmenl Contre8 are deltre by quallfied ¢08¢h•$ In the enIng¥ and weekends, providing cFHldTen aged 2-14 to toom k¢y dov?lopm&ntAI $kllls and providing them with thè physical 8klls to makn181n physlcally actlve Ilf85tyI. Anothor 8lm of our Davèlopmènt C8ntr•s Is to pathway as many chlldr8n as po#stblo knto Its1 w48woots sport8 loams, whar8 they can further develop what they learn at the Foundatiun. The Celllrg8 aim to work In colloborallon wkh local team8. and not in comp81ilion. Con¥Munlty Developmènt Armvd For¢M Communlty Support In partnership with the Veteran8' Foundation and BAE Sy¥l?m¥. Iho Foundation aré proud lo Support any current or eX40rvlce personnel. Includlng famS118s and support neMorks. Many are struggling ID adapt to dvlh'an life once they leave the fOrS and the Foundation's bespoke mentoring setvice support3 IndlvSduaEs with a range of thallengeB they may bè facing. The Foundation tèam work dosèly with th8 koy stakeholders to ensure a greater commun coheslon, 8¢¢e$$ to opportunlli¢$, and prodINg high levels of personal development lo bgngfioarias. Fyld• Lonelln•¥• Pmvontlon Progrnmm• In r68POllS8 to the increased numbors of older people auoss Fylde ex[On¢1nY $ocla51901allon and loneliness, the Foundation delivers a one•lowone support progra[r? to help Iheffl Integrats back into IhÈlr communlty and 8UPPOrt thèir personal development. The prograrnme is funded by The Nallonal Lottery Reaching Cornmuniti8$ Fund. Champitsn• The Foundation works in partnership with LanshIre Con¥tabulary lo deliver an inleryention-based programme almÈd 8t redudng r&offÈndinu. tt akns to dlvart young people and young #dutts aged 10 25 years away frum crime. Working as part of the Violence Reduction Unil (VRUI sp•cialSst coaches from community dubs eNJage yourKJ adults during thèlr dètÈntiort In pollcè custody and young people from tho b¢al Community idenbfied as being or al risk of bein Invr)fveil In ¢rfme.
AFC FYLDE COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Just Joln In In p8rtn&rship with BBC Chldren in Need. 'Just Jokn In, provldes the opportunty to young people wlh disabillues aged bth8an 6 - 18 years, to take part in free Week sports actNibe5 to improve their rthysical and emotional htr811h as well as CTeate and maintaln pos11ivg relationships with thèir peèrs and other adults. Football Welcomes The Foundat40n's Football Welcomes proj8Ct offèr8 weekly sports aCtS Tr of thorge at Fyldv Sports and Edutstion Centr8 f¢x iefugees and asylum seekers r8sldlng in Fylde. The project helps participants to S8tlle into th8 tocal ¢ommunity and culturè. makè Iends, leam th9 language, and leel a part of the local area. R•hab FoolbAII Foundation Staff hovo boen SuppOTr) those uslng NHS RehabIl•th)n Unrts by way of deliverkng foQtball sessvjns at Mill Farm. These sesslons ors dp8igned to develop b8neffidaries' confidon¢o, hearth and wellbeing. D•ta¢hod In partnershlp with Lancashire County Coun¢il, Foundation staff take to the tset lo patrol Sl. Annes and Kitham town centres. identwng aclual or potential antSd¥1 behawour. Staff uso their mentoring sklls to éng8ge with the young people and in many cases slgnposl them lo moF8 PUSitwe activities and servtces within the Foundation or our connected stakehoklers. F#ns ol the Future In direct partnèrship with AFC Fylde, the Foundation provdty d1er excepllonal Tnalth day experiances for chfldren aged fv11. These one-off experiences ara delivered ftee of eharg8 to the families and ltsok to develop long lasting relationships and pathways of support lo them. Each homè fNture sees up 19 25 children join for a tralnlng session on the 4G pllGhes, meet and greet with Fi181 Tearn players and receive a specAal goody bag, conduct a stadium tour indudlng a rare look itito the players. changing rooms, and then w8kh the AFC Fylde team In 8don alongside thelr friends and guardian. Financlal revl•w The 2023r24 fin8naal yearwas a posNfvg porfod, ancwing us to produce a small surplus. Income forthe full yearwas £698,98812022123'. £742,908) whla expendllurn for the wiod was £678.98612022r23.' £667,882) whlth re$utted In 8 Surplug of £20,rAIo (2022123: surplLLg of£75,026). Based on th9 figures lo 31sI May 2024, the Foundath?n's cash reserves arrwJunts to £211,736 which doès not yet meet the larget of a minimum of six months operating costs. however Trustees are 1x)Mtted to workiny towards ReeeNes Polley The Trustees have nldered the Charity's pollcy In respect of reserve Thè TruBtees have set a targat of retaining at 85t si¥ monlhs of totsl expenditure {exduding depreciattonl in eash reseTves to provide finanaal security to thg Charity in the event of unfor8sean reductlons in avaSlablg funding which may arise from time-ttiMe. Based on the flgurgs 10 31st May 2024, this amounts to approxlmately £339,49312023= £333,941). The balance held at th¢ end of the year of £211,736 {2023'. £191,736) does not yel meet this tsrgat. however. the Trustees Committed to contlnug to work tlJll8rds this. Thp sU[uS for thtr year of £20.000 (2023.. £75,026) was transferred to SQÉs and added lo the brought forward surplus of £191.738 (2023.. £116,710). The lolal lunds carri8d fotward of £211,736 (2023.. £191,736) will be used in fvtUTe years to meèt the objedlve¥ of the charity. whllst havlng du8 considèration to me¢ting the stated reserv&s target above at the discretion of the Trustees.
AFC FYLDE COMMUNITY FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Structure. governanc• and m•nagomont The ¢harty is a Company limited by guarBntee. Th• Iru$1$. who are also the directors for thg pvrpo¥? of CoMpY law. and who s8nMd dijring thé yèar And up to the date of slgnalure ofthe financbal slalem&ntg w•r•'. Mr R Lancastgr Mr M Thiewall MS LA C&lland Mr C Brammal Mr D Edmundson Mr T Fltzpatrid G Byrne Mrs K JackBon (Appointed 29 Jun8 20231 {Appoint8d 15 Dècember 2023) New Iru$leB8 are Tec¥ufted and appolnted by th8 èx181tno Iwsts85 as raqulred. They ar& Sglaoted foT Ihalr rèspecuve knowledge, abilitie8 and interests in the obl•¢ts of th• Foundallon. Due to the nature of tha work undertakon by Ihe Foundatson1118 r8levanl and approprSat• lo gppolnl Iru8ieo8 from a ran9& of backyround8. None of the Irusleè6 hag any beneficiel interest kn th• company. AJI of thè IrL181èè8 #e m6mbèr8 oflhe comp•ny •nd guarantee to contrlbule £1 In the tvtsnl of i winding up. Ther& sh811 b& a mlnlmum of 3 Irustaes but th8re shBII bè no m8xlmum numbor. Tho Irusleej musl hold gt I•12 meéllNJs p8r ya8r ¥1 which the quorum Is al least 2 or on¢ th of th• Iwst••$ In oflke. whKhover18 greatsr. Nw IrubtooB be Introducad to the •lm8 and obltrctlveb of lh8 charfty by 8xl8llng Irust•e8 and WIH be guldfjd In the rSghl8 and dulleg of a truste8 by reference to Such tralnlng m&lertal and Informatlon 1$ •valbla from. in partiCar. Tho Charty Comml¥¥ion. The doy to doy managemant of th• Chartty l• undèrtaken by the Foundatlon Dlreclor and tho A8018lanl Foundallon Dlroctor who 8rtr 8UPPQrted by the senior managem¢nt l••m. This l• over8een by the Board cf Trustees, which 18 Ch*lr¢d by Davg Edmund80n. es. ropo as approved by the 8oard of Tw3te. Mr D Edmund80n Thlgtee
AFC FYLDE COMMUNITY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OFAFC FYLDE COMMUNITY FOUNDATION I report to thè trustÈÈs an My èxamln8llon of the financial statsm8n18 of AFC Fylde Comnwnlty Found4llon {Ihe ¢harfty) for th¢ year end¢d 31 May 2024. R•¥pon¥lblllllg¥ •Dd ba¥h of report As the Iruslees of the charlty land also Its dCtOrS for the purposes of company lawl you ara msponSib for the preparallon of tho flrwndsl 8tatsmgnl8 In accordance wlh Ihe requlremen18 of the Companles Act 2c0 Ilhe 2006 Act). Having satisfi8d myE•lf that th& finBncAal st8t8mènts of the ¢harty ar8 not required lo be audSled undef Part 16 of the 2006 Act and are ellglble for Independent oxaminalion. I r•port Sn respect of my examination of the eh3rlty'A ffinanclal ststsmenl8 carried out under sedon 145 of the Charflles Act 2011 Ilhe 2011 Act>. In carrylno oul my 0mIn?on I ha followed all the appllcable DiTections given by the ChBrity Commisglon under aectlon 145(S)(bl of the 2011 Act. Ind•p•nd•nt •x•mln•ff• •tt•m•nt Slncg charltls gro Incom? exceeded £250,000 your examlner must be a m•mbw of a body Ilstsd Sn saction 145 of th& 2011 Act. I confirm th811 arn qualtited lo undertake the examlnatlon because l am a member of 2, whlch18 one Df the Isted bodles. I have completed my examlnallon. I conflrm th•1 no matt•r4 h•v• ¢yJme lo rny att8ntlon In Connaon wlth Iho ex8mlnÈtlon glvkng me cause lo believe ihat in any malerlal rospgcl.. ac¢ounllng rocordj wer8 not kept In re•p¢Gt olth& charlty a$ requlred by 8ècUon 386 of the 2008 Act., or the ffinanclal $lalomgnl6 do not Accord wblh Ih08è re¢ord$', or the fin8nclal 8lalemgnts do not compty wllh the aeCtsunn9 rèqulrernants of sodon 396 of th¢ 2006 Act other than any r8quir8m8nt Ihat th8 a(Lt6 glve a trug •nd fair vlow whkh18 not a matter Gon81dorgd as part ol an Independent 6xamSnallon', or thè Itnandal gtalernents have not betsn propornd In aecordane• wlth Ihg mglhod8 and prfnclpl88 of th• Statemént of Recommended Practice for accourfng and reportlng by Gharllbs appllcable lo charflle8 prepartng Ihelr •cxounts In acrdance wllh the FinanrAal R8porting Standard applicable in the UK and Republlc ol Ireland IFRS 7021. I have no Mn¢em8 and have comè acr088 no other matters In conn•ctlon wllh th• •x8mlnation lo whl¢h attention 5houkJ bo drawn In Ihls rgport In ord8r to anobl$ a prop•r undorstandlng of Ihe flnondol hlgm8nl¥ to be reached. Dthd Evans FCA FCA Bl8hDp$ 1 Croft Court, Plumplon Close Whhehills Bu$ln8$8 Pork Blackpool FY4 SPR Dated..
AFC FYLDE COMMUNITY FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MAY2024 Unrestrlcted R•strlctsd fund• fund• 2024 2024 T¢tsl Unrnstricted ReBtrlcted funds 2023 Totsl 2024 2023 2023 Nrtrt•• Incomè from: Charitable aCtIlIeS Investments 344,723 8,318 345,947 890,870 8,318 320,091 4,803 418,214 738.305 Totsl Incom• 353,039 345.947 898,986 324.694 418,214 742,8 Exp•nditur• *)n: Charitable actiwll•$ 333,039 345.947 878,986 249.888 418,214 e67.882 Totsl •xp•ndlttw• 333,039 345.947 678.986 249,868 418.214 e67.882 N•t In¢om• and mtsv•m•nt In fund• 20,OQJ 20,000 75,028 75.026 R•con¢lllatlon of fund•: Fund balances 8t 1 June 2023 191,738 191.73e 116,710 116,710 Fund balAnGè• at 31 M•y 2024 211,730 211,n6 191,736 191.n8 Th? ¥lil•menl of flnondal arAIlIeS Indude8 all 98ln8 and toss•s r•cognl••d kn th• y•or. All Inc4mo and expendliuro del1 from conllnuing actlvilles.
AFC FYLDE COMMUNITY FOUNDATION BALANCE SHEET ASAf31 MAY2024 2024 2023 Flxed •ss•ts T8nglbl• gs$•ts 10 2,432 2,198 Curr•nt ••¥•ts D•btors Cash at bank and In hand 11 144,1%3 227,445 174,071 141.075 371,SO8 315.148 Creditor•: amounts lalllng duè wlthln one yMr 12 1162,2041 1125.808) N•t Curront a•••ts 209,304 189,538 Tot•1 4•v•t• l••• curr•nt Ilabllttlo• 211,736 191,736 Th• fund• ol th• charlty Unr•strtctad fundg 14 211,736 191.738 211.738 191,738 The charttabla company18 6nlllhd lo the ox•mption from the uudlt r8quITOment contalned In 88ctlon 477 01 the Compani&s Act 2006, for thè yèar ond•d 31 May 2024. Th8 dlrèctor8 Acknowl¢dge Ihelr regponslbllllSeB for wmplylng whh the requlrement8 ol tha ComnIe Act 2008 wth respect to occountSng r•eords •nd lh• proparallon of financial statements. Th• rn•mborn have nDI requlrod the company lo obl8ln an audlt of It• finand418tatemonts for the year In quIn In accordan wlth 8ecASon 476. Th•8? ffnanGlal 81al&ments have been prepared In Iordanc• wlth th• provi8ion8 applicable to companles Su.eCt to t Bmall ojmpanlos rogima. The flnanciBI stgt ntg were approved by the Iru8lees on ... T D Edmund80 Trust•• Company raglstmtlrm numb8r 09411676 IEngland ond ley)
AFC FYLDE COMMUNITY FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MAY2024 2024 2023 Cu•h flow• from oporntlng advits• Cash generated froml{ab$orbed by) op8ratlons 81.270 146,0911 InvtIng actlvlll•• Purcha$e of lanqlbla flxed a8581& Irwestment Income reeelved {3,2161 8,318 (8631 Met ca•h gèn•rnt•d from Invrntlng •ctlvlti 5,100 3,740 Mit ¢••h umd In flnan¢lng acllvltl•• N•t In¢r••••lld•Gr•••ol In •h •nd *h •quiv•lent• 88,370 (42,3511 Cagh and cgsh equIvalts 4t beglnnlng ol year 141.075 1B3,428 Ca•h and ¢••h •qufv•l•nts at end oly••r 227,446 141,075 10-
AFC FYLDE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY2024 countlng pollGI•• Charfty Infornwtlon AFC Fylde Community Foundatlon Is a prlvate eompony limited by gugr8ntee In¢owor8tgd in England and Wales. The registered office is Fylde Sports and Education Centr?, Coronation Way, Wosham, Praston, England, PR4 3JZ, Lancashlre. 1.1 Aeeouthtlng ConvtIOn The flnondal Statements havè b•èn prèparad In accoidance with th& charitys governing document. the Companies Act 2006 and "Accountlng and Rgporting by Charilies.. Ststéménl of Rècommended Practice appllcablo lo charl8 preparing their accounts in accordance wlth the Flnan¢S•l R•portlng Standard appliGablo In the UK and Republic ol Ireland IFRS 1021 leffectjve 1 January 2019)" Tha charlty 14 ¥ Publ5 Benefit Enlity a8 deffined by FRS 102. The fln8ndal 8tatements 8r• prop•r¢d In 8t•rtlng, whl¢h IB the functlonol rrencY of th• ¢harty. Monètary amount8 In thesè ffln•ndal slat•m•nts •r• round•d lo t nearost £. The financial statsm•nts h•va b••n pr•pHred undgT the hIstoCl cost convenllon. Tha prln¢lp81 accounUng pollcles •dopl•d ar• sel out b•low. 1.2 Oolng GonG•m At the Ilme of approvlng the )In8nclal slalements, Ihe trustee5 havo 8 rooJon8bl? expectgtlon that th& charity has adequate resources to continue operallon81 exl$tsnc• for th• foreseeab future. Thus tha trust888 conllnuè to adopt thé golng coneem basis ol •ccountlng In pY•p3ring tho fin11 ststemonts. l.J Ch•ritsbl• fund• Unre8lricted fundB can be usad In accordance wtlh lh• ¢harll4ble Dbl•thg8 al th8 dl8crellon olth• tru8t08S. Re81rkt•d bjnds only bo usod lor partIcar rastrfct8d pury)QB•¥ wilhirb the object8 of the thorfty. Raslrktlon8 ori¥¢ whon sped by the donor orwhen fvnds are ral¥ed for p•rllcular r•slrl¢t•d purpo8eB. 1.4 Income All income 18 rermnl$•d In Statsmonl of Flnanclal Actfv115&8 once the cliarity ha8 ontMlsm¢nt to th• fvnd8, 18 probabl8 that the income wlll be re¢olvwJ and the amount can be measured rellabty. 1.6 Expondlturo Llabilille8 are rècognlsed as èxponditur• gs soon a¥ Ihpre IB a18gal or conslwctNe obligation committlng Ihe c*arity to that 8xpendllur8, f(18 probable Ihat a translar of economlc benèlSts wlll rÈqulred In settlement and the amount of tho obligatlon can b• measured reliably. Expendrture is accounted for on 4n accruals b•8is and ha# begn classifigd under h8adlng$ that aggregate all cosl related to the category. Whare co$t8 cannot bg dlrectly ottrlbut•d tts particular headin9B they have been allocated to a¢tMll¢$ on * b?$1¥ con8iStent with the of resourcos. 1.$ Tanglble flxed a88ets Tanglble frxed assets are Inlllaltv measured at ¢08t and 3ubse(wently measur•d al co¥t or vglu&tton, ngt of depredation and any ImpaiFmenl10sses. Depreciation is recognised so a¥ to write off the cost or valuatlon of assets lèss thr rè8ldu81 value8 overtheir U8efvl Ilvgs on the followlnp basès". Computers 33% on co$t The galn or Eoss arfsing on the disposal of an o$9•1 18 deteTmined as the drfference b&tt¥eèn Ihe 8818 prowds and the Cang value ofthe asset, and L8 reo)gnlsed in Ihg stslernent of financial acllvilles. 11
AFC FYLDE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Accounting policies (Cont1nd) 1.7 Impalmwrt offixed assets At ea¢h reporting end date, the ehorty VI¢W8 the carying anwjunts of ils tangible assets to delermwje whether thera is any IndleAtton that those a$$¢ts have suffered an impaient loss. If 8ny such Indlcalbn exists, Ihe recoverable amount of the assot is estimaied in order to detemiine tr*9 pxlent of the impalrnent loss lif any). 1A Employ8• bgngfits The cosl of any unused holiday entrflernent is racognIs the peri1 in which the employee's semces are cèived. Termination benefts #re recognised immediataly as an èxpÈnse whÈn the ch8rlty is demnstrably comm5tted to lemiinate the employmènt of an employee or lo provide terminatbn b¢n¢flts. 1.9 R•tlr•mant benefits Payments to defined contribution retirernent benefit schemes artr chwged as an exp8ns8 as they fal d. Charitable activities Gharitablè Charitablè Income Income 2024 2023 Sports Camps Grants & Fundin9 99,096 591,574 81,834 836.871 690.670 738.305 Income fr(xn 1nvw4tnnts Unrestrjcted Unr•slrlct•d nd$ fundA 2024 2023 Intsr•st r8ce4vable 8,316
AFC FYLDE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MAY2024 Charltable actlvMÈg Charltsbla Charltsb Exp•ndlture Expendlthre 2024 2023 Stsff costs Deprecialion and impairment Insuranr Telephone Postagè aNI Stslionery Advèrtising Sundries Motor Expenses HolidayActivtty Fund Costs & Equipm1 Faciltty Flire Other tharitable expenditure 480.372 2.982 6.820 853 800 4.470 5.012 32,479 484.338 1.910 8,076 1.262 3,657 32,160 6.600 15.109 38.192 68.817 6.559 37.450 71.428 671,588 6f4J.914 Sharo of govem3nce I)sts (see Trjle 8) 7.398 6,968 878,986 667,882 Anatysls by fund Unreslrlcted funds Restricted funds 333.039 345,947 249.668 418.214 678,986 667,882 N•t mov•m•nt In fundB 2024 2023 Tha nel mvement In fvnd$ Is stated after tharglngllcredithng).. Depreciatlon of owned tsn91ble tlxed assets 2,982 1,910 13-
AFC FYLDE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MAY2024 Support costs Support Gov•min costs 2024Support costs Govemane costs 2023 Accountanoy and lègal fees 7,398 7,398 8,968 6,968 7.398 7,398 6,968 8,988 An4ly8ed baNv8on Charitabl8 8ctivlt1è8 7,398 7.398 8,986 8,968 Thi•t•M' r•mun•rntlon and bèn•llt• The Wgfe no Iru8tsè8' rèmunwgllon other benefft8 for the year ended 31 May 2023 nor for the yoar ended 31 May 2022. Trn•t•••' •xp•ni Thero w•r• no INJleoB' oxpens•8 pakl frjr lh• y••r •nd•d 31 May 2023 nor Ihe y•ar ended 31 M•y 2022. Employ• Numb•r of •mployM• Tho average monthly numb•r of employ008 dudng the ye8rwa8.' 2024 Number 2023 Numb•r Service d•llvery Management 18 17 21 Enwloym•nt costs 2024 2023 Wage8 and salarfès Social Security costs Other pension costs 438,859 33,238 8,277 622,S71 32.943 7.821 480.372 563.335 There w¢r& no 8mployees whos8 annual r8munèr8tK)n wa8 £60.000 or more. T•xatlo The charfty is exempt from taxation on its actitI8$ because all rts incorne Is applied for Gharltable purposes. 14-
AFC FYLDE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 10 Tanglble Ilx•d Comput•r¥ At 1 June 2023 Addillons 8,830 3,216 At 31 M•y 2024 D•preciatiDll and ThpalrmeTht At 1 June 2023 Depreciolion chArged In the y8•r 4,432 2,982 At 31 Mgy 2024 7,414 C4rylng amount At 31 May 2024 2.432 Al 31 May 20Z3 2,198 11 D•btor• 1013 Amounts f•lllng du• wlthkn on• y•ar: Trade debtors Prepayments and 8ccru¢d Incom• 120,490 23,673 70,843 103,228 144,083 174,071 12 Cr•dltorn: omounts folllng du• wlthln one y•ar 2024 2023 Olhèrl8x2lOon and 80ci81 secw Trade creditors Olher uédltors Aceru8ls and dèforred in¢))m8 4,901 1,882 9,139 148,482 8,528 7,459 3,938 107.887 182.204 125.608 13 Retlremènt b8n•fft gchom08 2024 2023 Dellned contrfbuuon 8chom Charge to profft tx loss In r69po& of defined contfibLrtkin 3chem•s 8.277 7,821 15
AFC FYLDE COMMUNITY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {COriNuED) FOR THE YEAR ENDED 31 MAY2024 13 Retlrement benefit sch8m•8 IContlnu¢d} The tharity operates a defined eontributson p8nsion scheme for all qualifying employÈes. The assèts of thè are held separately from those ofth& charSty Sn #rh independeFty administered fund. 14 Unrestricted fundg The unrestricted funds ofth• charity comprise the unexpended balanS of doMlions and grants whl¢h aro not subject lo specific conditions by donors and grantrjrs a2 to how they may be used. These indude designated funds whith have been set aside out of unrestrfcled funds by the Iruslees for speclfic purposes. At1 June 1023 Incoming resources Resources expended At31 May 2024 General fu)ds 191.736 353.039 1333,0391 211,736 Prevlou¥ ygar.. Atl June 2022 Incoming resources Resources expendèd At31 P 2023 Goneral fijnds 116,710 324,694 {249,6681 191,738 16 Relatsd party transacllons Thgrg were no dS$dosable relatsd party transa¢tlons during the year12023- none). 16 Cash genemted from )p&Mtlon8 2024 2023 Surplus for the year 20,000 75,026 Adjustments for. Inveslment incomè r•eognl¥eil in stslement of financial activthes Depreriallon WKI Impairment of tangible fixed assets 18,3161 2,982 (4,803) 1,910 Mov#ments in WOTk%ng capitaP. De¢reasel(Increase) in debtors Increaselldecrea3e} In cre(knrs 30,008 36,596 152,2e6) 166.158) Cash generated fromllabsorbed by} operntio 81,270 146.091) 17 Analysls of ehango8 In not fvndB The charity had rts) mat8rial d•bt during the yèar. 16-