|||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|
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||||||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|
##
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##
||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|
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