| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 20 |
| For | The Year | Ended 30June | 2021 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
1,565 | 1,565 | 1,101 | |||
| Charitable activities |
||||||
| Football Administration | and Development | 567,331 | 44,085 | 611,416 | 892,233 | |
| Investment income |
44 | 44 | 1,518 | |||
| Other income | 33,057 | 45,089 | 78,146 | 44,552 | ||
| Total | 600,432 | 90,739 | 691,171 | 939,404 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Football Administration | and Development | 507,585 | 89,674 | 597,259 | 854,765 | |
| NET INCOME | 92,847 | 1,065 | 93,912 | 84,639 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 837,045 | 63,524 | 900,569 | 815,930 | |
| TOTAL FUNDS CARRIED FORWARD | 929,892 | 64,589 | 994,481 | 900,569 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 13 | 530,931 | 530,931 | 545,224 | |
| Investments | 14 | 701 | 701 | 701 | |
| 531,632 | 531,632 | 545,925 | |||
| CURRENT ASSETS | |||||
| Stocks | 15 | 5,544 | 5,544 | 7,560 | |
| Debtors | 16 | 24,256 | 24,256 | 64,365 | |
| Cash at bank | 909,999 | 64,589 | 974,588 | 830,525 | |
| 939,799 | 64,589 | 1,004,388 | 902,450 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
17 | (298,027) | (298,027) | (296,668) | |
| NET CURRENT ASSETS | 641,772 | 64,589 | 706,361 | 605,782 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,173,404 | 64,589 | 1,237,993 | 1,151,707 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
18 | (243,512) | (243,512) | (251,138) | |
| NET ASSETS | 929,892 | 64,589 | 994,481 | 900,569 | |
| FUNDS | 19 | ||||
| Unrestricted funds |
929,892 | 837,045 | |||
| Restricted funds | 64,589 | 63,524 | |||
| TOTAL FUNDS | 994,481 | 900,569 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
146,165 | (24,489) | ||||
| Net cash provided by/(used |
in) operating | activities | 146,165 | (24,489) | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (2,147) | (4,681) | |||
| Interest received | 45 | 1,509 | ||||
| Dividends received |
9 | |||||
| Grants received | 1,951 | |||||
| Net cash used in investing | activities | (2,102) | (1,212) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
144,063 | (25,701) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 830,525 | 856,226 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
974,588 | 830,525 |
| Notes to the Cash Flow Statement For The Year Ended 30June 2021 |
Notes to the Cash Flow Statement For The Year Ended 30June 2021 |
||||
|---|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||
| 2021 | 2020 | ||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 93,912 | 84,639 | |||
| Adjustments for: |
|||||
| Depreciation charges |
16,440 | 17,870 | |||
| Interest received | (45) | (1,509) | |||
| Dividends received |
(9) | ||||
| Grant amortisation | (8,057) | (8,584) | |||
| Decrease/(increase) | in | stocks | 2,016 | (999) | |
| Decrease/(increase) | in | debtors | 40,109 | (36,453) | |
| Increase/(decrease) | in | creditors | 1,790 | (79,444) | |
| Net cash provided | by/(used | in) operations | 146,165 | (24,489) |
| ANALYSIS OF CHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1.7.20 | Cash flow | At 30.6.21 | |
| Net cash | |||
| Cash at bank | 830,525 | 144,063 | 974,588 |
| 830,525 | 144,063 | 974,588 | |
| Total | 830,525 | 144,063 | 974,588 |
| For The Year Ended 30June | 2021 | ||
|---|---|---|---|
| DONATIONS AND LEGACIES |
|||
| 2021 | 2020 | ||
| Donations | 1,565 | 1,101 | |
| 3. | INVESTMENT INCOME | ||
| 2021 | 2020 | ||
| Bank interest received | 44 | 1,509 | |
| Dividends received |
9 | ||
| 44 | 1,518 | ||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||
| 2021 | 2020 | ||
| Football | |||
| Administration | |||
| and | Total | ||
| Development | activities | ||
| Affiliation fees | 65,700 | 35,495 | |
| Competition income |
15,004 | 29,717 | |
| Fines and protest fees | 89,791 | 80,296 | |
| Sponsorship and advertising |
7,281 | 14,549 | |
| FA Grants | 418,803 | 435,896 | |
| Retail and sundry income | 1,636 | 7,776 | |
| Course fees | 561 | 252,393 | |
| Referee income | 12,640 | 36,111 | |
| 611,416 | 892,233 | ||
| 5. | OTHER INCOME | ||
| 2021 | 2020 | ||
| Insurance proceeds | 3,710 | ||
| Job Retention Scheme Grants |
45,089 | 32,258 | |
| Grant amorti sation | 8,057 | 8,584 | |
| Local authority grant |
25,000 | ||
| 78,146 | 44,552 |
| CHARITABLE ACTI | VITIES COSTS | |||||
|---|---|---|---|---|---|---|
| Grant | ||||||
| funding of | ||||||
| activities | Support | |||||
| Direct | (see note | costs (see | ||||
| Costs | 7) | note 8) | Totals | |||
| Football Administration | and | |||||
| Development | 478,148 | 6,050 | 113,061 | 597,259 | ||
| 7. | GRANTS PAYABLE | |||||
| 2021 | 2020 | |||||
| Football Administration | and Development | 6,050 | 27,240 | |||
| 8. | SUPPORT COSTS | |||||
| Other | Governance | |||||
| overheads | Finance | Depreciation | costs | Totals | ||
| Football Administration | and | |||||
| Development | 64,889 | 3,375 | 16,440 | 28,357 | 113,061 | |
| 9. | NET INCOME/(EXPENDITURE) |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Auditors' | remuneration | 3,800 | 3,700 | |
| Auditors' | remuneration | for non audit work | 17,809 | 18,040 |
| Depreciation -owned |
assets | 16,440 | 17,870 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Wages and salaries | 418,772 | 420,519 | ||
| Social security costs | 26,472 | 37,545 | ||
| Other pension costs | 20,352 | 24,307 | ||
| 465,596 | 482,371 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2021 | 2020 | |||
| Directors | 5 | 5 | ||
| Other | 16 | 17 | ||
| 21 | 22 |
| The total remuneration and benefits to key management personnel in the year am f.140,437). |
The total remuneration and benefits to key management personnel in the year am f.140,437). |
The total remuneration and benefits to key management personnel in the year am f.140,437). |
ounted to 614 |
8,057 (202 |
|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
1,101 | 1,101 | ||
| Charitable activities |
||||
| Football Administration | and Development | 855,456 | 36,777 | 892,233 |
| Investment income |
1,518 | 1,518 | ||
| Other income | 44,552 | 44,552 | ||
| Total | 901,526 | 37,878 | 939,404 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Football Administration | and Development | 822,315 | 32,450 | 854,765 |
| NET INCOME | 79,211 | 5,428 | 84,639 | |
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 757,834 | 58,096 | 815,930 |
| Notes to the Financial Statements -continued For The Year Ended 30June 2021 |
Notes to the Financial Statements -continued For The Year Ended 30June 2021 |
|||
|---|---|---|---|---|
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | - continued | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| TOTAL FUNDS CARIID FORWARD | 837,045 | 63,524 | 900,569 | |
| 13. | TANGIBLE FIXEDASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| COST | ||||
| At 1 July 2020 | 504,302 | 225,865 | 730,167 | |
| Additions | 2,147 | 2,147 | ||
| At 30June 2021 | 504,302 | 228,012 | 732,314 | |
| DEPRECIATION | ||||
| At 1 July 2020 | 33,273 | 151,670 | 184,943 | |
| Charge for year | 6,086 | 10,354 | 16,440 | |
| At 30June 2021 | 39,359 | 162,024 | 201,383 | |
| NET BOOKVALUE | ||||
| At 30June 2021 | 464,943 | 65,988 | 530,931 | |
| At 30June 2020 | 471,029 | 74,195 | 545,224 | |
| 14. | FIXEDASSETINVESTMENTS | |||
| Shares in | ||||
| gloup | Listed | |||
| undertakings | investments | Totals | ||
| COST LESSIMPAIRMENT | ||||
| At 1 July 2020 and 30June 2021 | 700 | 701 | ||
| NET BOOKVALUE | ||||
| At 30June 2021 | 700 | 701 | ||
| At 30June 2020 | 700 | 701 |
| The market value oflisted investments | The market value oflisted investments | is 6360(2020:6240). | |||
|---|---|---|---|---|---|
| 15. | STOCKS | ||||
| 2021 | 2020 | ||||
| Stocks | 5,544 | 7,560 | |||
| 16. | DEBTORS:AMOUNTS FALLING | DUE WITHIN ONE YEAR | |||
| 2021 | 2020 | ||||
| Course debtors | 16,860 | ||||
| Other debtors | 17,863 | 39,248 | |||
| Prepayments and accrued income |
6,393 | 8,257 | |||
| 24,256 | 64,365 | ||||
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2021 | 2020 | ||||
| Tax | 42 | 42 | |||
| Other creditors | 26,819 | 27,200 | |||
| Accruals and deferred | income | 263,540 | 261,369 | ||
| Deferred government | grants | 7,626 | 8,057 | ||
| 298,027 | 296,668 | ||||
| 18. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | |||
| 2021 | 2020 | ||||
| Deferred government | grants | 243,512 | 251,138 | ||
| 19. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.7.20 | in funds | 30.6.21 | |||
| Unrestricted funds |
|||||
| General fund | 837,045 | 92,847 | 929,892 | ||
| Restricted funds | |||||
| Restricted funds | 63,524 | 1,065 | 64,589 | ||
| TOTAL FUNDS | 900,569 | 93,912 | 994,481 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted funds |
||||
| General fund | 600,432 | (507,585) | 92,847 | |
| Restricted funds | ||||
| Restricted funds | 90,739 | (89,674) | 1,065 | |
| TOTAL FUNDS | 691,171 | (597,259) | 93,912 | |
| Comparatives for movement |
in funds | |||
| Net | ||||
| movement | At | |||
| At 1.7.19 | in funds | 30.6.20 | ||
| Unrestricted funds |
||||
| General fund | 757,834 | 79,211 | 837,045 | |
| Restricted funds | ||||
| Restricted funds | 58,096 | 5,428 | 63,524 | |
| TOTAL FUNDS | 815,930 | 84,639 | 900,569 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 901,526 | (822,315) | 79,211 |
| Restricted funds | |||
| Restricted funds | 37,878 | (32,450) | 5,428 |
| TOTAL FUNDS | 939,404 | (854,765) | 84,639 |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.7.19 | in funds | 30.6.21 | |
| Unrestricted funds |
|||
| General fund | 757,834 | 172,058 | 929,892 |
| Restricted funds | |||
| Restricted funds | 58,096 | 6,493 | 64,589 |
| TOTAL FUNDS | 815,930 | 178,551 | 994,481 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General fund | 1,501,958 | (1,329,900) | 172,058 |
| Restricted funds | |||
| Restricted funds | 128,617 | (122,124) | 6,493 |
| TOTAL FUNDS | 1,630,575 | (1,452,024) | 178,551 |