| 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 | 22 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| as restated | ||||||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
1,755 | 1,755 | 1,565 | |||
| Charitable activities |
||||||
| Football Administration | and Development | 711,357 | 353,960 | 1,065,317 | 611,416 | |
| Investment income |
1,208 | 1,208 | 44 | |||
| Other income | 8,937 | 8,937 | 70,089 | |||
| Total | 721,502 | 355,715 | 1,077,217 | 683,114 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Football Administration | and Development | 625,612 | 101,589 | 727,201 | 597,259 | |
| NET INCOME | 95,890 | 254,126 | 350,016 | 85,855 | ||
| Transfers between funds | 19 | 39,866 | (39,866) | |||
| Net movement in funds |
135,756 | 214,260 | 350,016 | 85,855 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 929,892 | 315,727 | 1,245,619 | 1,159,764 | |
| TOTAL FUNDS CARIOED FORWARD | 1,065,648 | 529,987 | 1,595,635 | 1,245,619 |
| 30 | June 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| as restated | |||||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 14 | 277,178 | 243,512 | 520,690 | 530,931 |
| Investments | 15 | 701 | 701 | 701 | |
| 277,879 | 243,512 | 521,391 | 531,632 | ||
| CURRENT ASSETS | |||||
| Stocks | 16 | 3,883 | 3,883 | 5,544 | |
| Debtors | 17 | 34,934 | 34,934 | 24,256 | |
| Cash at bank | 995,229 | 286,475 | 1,281,704 | 974,588 | |
| 1,034,046 | 286,475 | 1,320,521 | 1,004,388 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
18 | (246,277) | (246,277) | (290,401) | |
| NET CURRENT ASSETS | 787,769 | 286,475 | 1,074,244 | 713,987 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,065,648 | 529,987 | 1,595,635 | 1,245,619 | |
| NET ASSETS | 1,065,648 | 529,987 | 1,595,635 | 1,245,619 | |
| FUNDS | 19 | ||||
| Unrestricted funds |
1,065,648 | 929,892 | |||
| Restricted funds | 529,987 | 315,727 | |||
| TOTAL FUNDS | 1,595,635 | 1,245,619 |
| F | or The Year Ende | d 30June 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| as restated | ||||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
311,682 | 146,165 | ||||
| Net cash provided by operating activities |
311,682 | 146,165 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (5,774) | (2,147) | |||
| Interest received | 1,192 | 45 | ||||
| Dividends received |
16 | |||||
| Net cash used in investing | activities | (4,566) | (2,102) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
307,116 | 144,063 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 974,588 | 830,525 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
1,281,704 | 974,588 |
| Notes to the Cash Flow Statement For The Year Ended 30June 2022 |
Notes to the Cash Flow Statement For The Year Ended 30June 2022 |
||||
|---|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | |||
| 2022 | 2021 | ||||
| as restated | |||||
| Net income for the | reporting | period (as per the Statement ofFinancial | |||
| Activities) | 350,016 | 85,855 | |||
| Adjustments for: |
|||||
| Depreciation charges |
16,015 | 16,440 | |||
| Interest received | (1,192) | (45) | |||
| Dividends received |
(16) | ||||
| Decrease in stocks | 1,661 | 2,016 | |||
| (Increase)/decrease | in | debtors | (10,678) | 40,109 | |
| (Decrease)/increase | in | creditors | (44,124) | 1,790 | |
| Net cash provided | by | operations | 311,682 | 146,165 |
| ANALYSIS OF CHANGES IN NET | FUNDS | ||
|---|---|---|---|
| At 1.7.21 | Cash flow | At 30.6.22 | |
| Net cash | |||
| Cash at bank | 974,588 | 307,116 | 1,281,704 |
| 974,588 | 307,116 | 1,281,704 | |
| Total | 974,588 | 307,116 | 1,281,704 |
| DONATIONS AND LEGACIES |
DONATIONS AND LEGACIES |
|||
|---|---|---|---|---|
| 2022 | 2021 | |||
| as restated | ||||
| Donations | 1,755 | 1,565 | ||
| 3. | INVESTMENT INCOME | |||
| 2022 | 2021 | |||
| as restated | ||||
| Bank interest received | 1,192 | 44 | ||
| Dividends | received | 16 | ||
| 1,208 | 44 | |||
| 4. | INCOME | FROM CHARITABLE ACTIVITIES | ||
| 2022 | 2021 | |||
| as restated | ||||
| Football | ||||
| Administration | ||||
| and | Total | |||
| Development | activities | |||
| Affiliation | fees | 87,232 | 65,700 | |
| Competition income |
21,426 | 15,004 | ||
| Fines and | protest fees | 152,638 | 89,791 | |
| Sponsorship and advertising |
5,801 | 7,281 | ||
| FA Grants | 699,893 | 418,803 | ||
| Retail and | sundry income | 7,112 | 1,636 | |
| Course income | 37,222 | 561 | ||
| Referee income | 53,993 | 12,640 | ||
| 1,065,317 | 611,416 | |||
| 5. | OTHER INCOME | |||
| 2022 | 2021 | |||
| as restated | ||||
| Insurance | proceeds | 8,877 | ||
| Job Retention Scheme Grants |
60 | 45,089 | ||
| Local authority grant |
25,000 | |||
| 8,937 | 70,089 |
| Grant | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| funding of | |||||||||
| activities | Support | ||||||||
| Direct | (see note | costs (see | |||||||
| Costs | 7) | note 8) | Totals | ||||||
| Football Administration | and | ||||||||
| Development | 543,605 | 66,959 | 116,637 | 727,201 | |||||
| 7. | GRANTS PAYABLE | ||||||||
| 2022 | 2021 | ||||||||
| as restated | |||||||||
| Football Administration | and Development | 66,959 | 6,050 | ||||||
| S. | SUPPORT | COSTS | |||||||
| Other | Governance | ||||||||
| overheads | Finance | Depreciation | costs | Totals | |||||
| Football Administration | and | ||||||||
| Development | 69,016 | 5,995 | 16,015 | 25,611 | 116,637 | ||||
| 9. | NET INCOME/(EXPENDITURE) | ||||||||
| Net income/(expenditure) | is stated | after charging/(crediting): | |||||||
| 2022 | 2021 | ||||||||
| as restated | |||||||||
| Auditors' remuneration |
3,900 | 3,800 | |||||||
| Auditors' remuneration |
for non audit | work | 13,509 | 17,809 | |||||
| Depreciation | —owned assets | 16,015 | 16,440 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| as restated | ||||
| Wages and salaries | 417,029 | 418,772 | ||
| Social security costs | 32,438 | 26,472 | ||
| Other pension costs | 42,899 | 20,352 | ||
| 492,366 | 465,596 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| as restated | ||||
| Directors | 6 | 5 | ||
| Other | 17 | 16 | ||
| 23 | 21 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| as restated | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
1,565 | 1,565 | ||
| Charitable activities |
||||
| Football Administration | and Development | 567,331 | 44,085 | 611,416 |
| Investment income |
44 | 44 | ||
| Other income | 25,000 | 45,089 | 70,089 | |
| Total | 592,375 | 90,739 | 683,114 | |
| EXPENDITURE ON | ||||
| Charitable activities |
||||
| Football Administration | and Development | 499,528 | 97,731 | 597,259 |
| NET INCOME/(EXPENDITURE) | 92,847 | (6,992) | 85,855 | |
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 837,045 | 322,719 | 1,159,764 |
| Notes to the Financial Statements -continued For The Year Ended 30June 2022 |
Notes to the Financial Statements -continued For The Year Ended 30June 2022 |
Notes to the Financial Statements -continued For The Year Ended 30June 2022 |
||
|---|---|---|---|---|
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| as restated | ||||
| TOTAL FUNDS CARRIED FORWARD | 929,892 | 315,727 | 1,245,619 |
| Reduction in creditors | Reduction in creditors | 251,138 |
|---|---|---|
| Reduction in other | income | 8,057 |
| Increase in opening | funds at 1 July 2020 | 259,195 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Fixtures | |||
| Freehold | alld | ||
| property | fittings | Totals | |
| COST | |||
| At 1 July 2021 | 504,302 | 228,012 | 732,314 |
| Additions | 5,774 | 5,774 | |
| At 30June 2022 | 504,302 | 233,786 | 738,088 |
| DEPRECIATION | |||
| At 1 July 2021 | 39,359 | 162,024 | 201,383 |
| Charge for year | 6,086 | 9,929 | 16,015 |
| At 30June 2022 | 45,445 | 171,953 | 217,398 |
| NET BOOKVALUE | |||
| At 30June 2022 | 458,857 | 61,833 | 520,690 |
| At 30June 2021 | 464,943 | 65,988 | 530,931 |
| FIXEDASSETINVESTMENTS | |||
|---|---|---|---|
| Shares in | |||
| gloup | Listed | ||
| undertakings | investments | Totals | |
| COST LESSIMPAIRMENT | |||
| At 1 July 2021 and 30June 2022 | 700 | 701 | |
| NET BOOKVALUE | |||
| At 30June 2022 | 700 | 701 | |
| At 30June 2021 | 700 | 701 |
| Nature ofb | us | iness: Dormant company |
|||||
|---|---|---|---|---|---|---|---|
| '/o | |||||||
| Class ofshare: | lloldlng | ||||||
| Ordinary | 100 | ||||||
| 30.6.22 | 30.6.21 | ||||||
| Aggregate | capital and reserves | (39,662) | (39,662) | ||||
| The market | value oflisted investments | is 6326(2021: | 6360). | ||||
| 16. | STOCKS | ||||||
| 2022 | 2021 | ||||||
| as restated | |||||||
| Stocks | 3,883 | 5,544 | |||||
| 17. | DEBTORS: | AMOUNTS FALLING | DUE WITHIN | ONE YEAR | |||
| 2022 | 2021 | ||||||
| as restated | |||||||
| Course debtors | 7,090 | ||||||
| Other debtors | 20,949 | 17,863 | |||||
| Prepayments | and accrued income | 6,895 | 6,393 | ||||
| 34,934 | 24,256 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| as restated | ||||||||
| Tax | 42 | 42 | ||||||
| Social security | and other taxes | 7,344 | ||||||
| Other creditors | 59,582 | 26,819 | ||||||
| Accruals and deferred income | 179,309 | 263,540 | ||||||
| 246,277 | 290,401 | |||||||
| MOVEMENT | IN FUNDS | |||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.7.21 | in funds | funds | 30.6.22 | |||||
| Unrestricted funds |
||||||||
| General fund | 929,892 | 95,890 | 39,866 | 1,065,648 | ||||
| Restricted funds | ||||||||
| Benevolent fund |
34,130 | 1,755 | 35,885 | |||||
| FA - Wildcats | fund | 47,837 | 47,837 | |||||
| FA —Euro host | city fund | 27,564 | 27,564 | |||||
| FA —Women's | recreational | officer | fund | 100,790 | 100,790 | |||
| FA - Innovation | and inclusion | fund | 1,875 | 29,282 | (1,433) | 29,724 | ||
| FA - Property fund |
251,138 | 27,374 | 278,512 | |||||
| Other restricted | funds | 19,524 | (9,849) | 9,675 | ||||
| Standard Charter Growth fund |
28,584 | (28,584) | ||||||
| 315,727 | 254,126 | (39,866) | 529,987 | |||||
| TOTAL FUNDS | 1,245,619 | 350,016 | 1,595,635 | |||||
| Net movement | in funds, included | in the above are as follows: | ||||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted funds |
||||||||
| General fund | 721,502 | (625,612) | 95,890 | |||||
| Restricted funds | ||||||||
| Benevolent fund |
1,755 | 1,755 | ||||||
| FA —Wildcats | fund | 66,623 | (18,786) | 47,837 | ||||
| FA - Euro host | city fund | 45,456 | (17,892) | 27,564 | ||||
| FA - Women's | recreational | officer | fund | 146,850 | (46,060) | 100,790 | ||
| FA —Innovation | and inclusion | fund | 34,282 | (5,000) | 29,282 | |||
| FA —Property fund |
35,000 | (7,626) | 27,374 | |||||
| Other restricted | funds | 25,749 | (6,225) | 19,524 | ||||
| 355,715 | (101,589) | 254,126 | ||||||
| TOTAL FUNDS | 1,077,217 | (727,201) | 350,016 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.7.20 | in funds | 30.6.21 | |||
| Unrestricted funds |
|||||
| General fund | 837,045 | 92,847 | 929,892 | ||
| Restricted funds | |||||
| Benevolent fund |
33,065 | 1,065 | 34,130 | ||
| FA - Innovation | and inclusion | fund | 1,875 | 1,875 | |
| FA - Property fund |
259,195 | (8,057) | 251,138 | ||
| Standard Charter |
Growth fund | 28,584 | 28,584 | ||
| 322,719 | (6,992) | 315,727 | |||
| TOTAL FUNDS | 1,159,764 | 85,855 | 1,245,619 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 592,375 | (499,528) | 92,847 | ||
| Restricted funds | |||||
| Benevolent fund |
1,565 | (500) | 1,065 | ||
| FA —Wildcats fund | 11,100 | (11,100) | |||
| FA —Euro host city fund | 150 | (150) | |||
| FA - Women's recreational | officer fund | 16,713 | (16,713) | ||
| FA - Innovation and inclusion |
fund | 2,737 | (2,737) | ||
| FA —Property fund |
(8,057) | (8,057) | |||
| Other restricted funds |
58,474 | (58,474) | |||
| 90,739 | (97,731) | (6,992) | |||
| TOTAL FUNDS | 683,114 | (597,259) | 85,855 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.7.20 | in funds | funds | 30.6.22 | |||
| Unrestricted funds |
||||||
| General fund | 837,045 | 188,737 | 39,866 | 1,065,648 | ||
| Restricted funds | ||||||
| Benevolent fund |
33,065 | 2,820 | 35,885 | |||
| FA —Wildcats fund | 47,837 | 47,837 | ||||
| FA —Euro host city fund | 27,564 | 27,564 | ||||
| FA - Women's recreational | officer fund | 100,790 | 100,790 | |||
| FA - Innovation and inclusion |
fund | 1,875 | 29,282 | (1,433) | 29,724 | |
| FA —Property fund |
259,195 | 19,317 | 278,512 | |||
| Other restricted funds |
19,524 | (9,849) | 9,675 | |||
| Standard Charter Growth |
fund | 28,584 | (28,584) | |||
| 322,719 | 247,134 | (39,866) | 529,987 | |||
| TOTAL FUNDS | 1,159,764 | 435,871 | 1,595,635 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted funds |
|||||
| General fund | 1,313,877 | (1,125,140) | 188,737 | ||
| Restricted funds | |||||
| Benevolent fund |
3,320 | (500) | 2,820 | ||
| FA - Wildcats fund | 77,723 | (29,886) | 47,837 | ||
| FA —Euro host city fund | 45,606 | (18,042) | 27,564 | ||
| FA —Women's recreational | officer fund | 163,563 | (62,773) | 100,790 | |
| FA - Innovation and inclusion |
fund | 37,019 | (7,737) | 29,282 | |
| FA - Property fund |
35,000 | (15,683) | 19,317 | ||
| Other restricted funds |
84,223 | (64,699) | 19,524 | ||
| 446,454 | (199,320) | 247,134 | |||
| TOTAL FUNDS | 1,760,331 | (1,324,460) | 435,871 |