## **Annual Report 2021/22**
**Trustees Annual Report For the Year Ended 31[st ] May 2022**
1 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **CONTENTS Year ended 31 May 2022**
||Pages|
|---|---|
|Report of the Trustees||
|•
Section One - Reference and Administration Detail|3|
|•
Section Two - Structure, Governance and Management|4|
|•
Section Three - Objectives and Values|4-5|
|•
Section Four - Achievements and Performance|5-6|
|•
Section Five - Financial Review|7|
|Statement of Financial Activities|8-9|
|Balance Sheet|10|
|Notes to the Accounts|11-15|
|Independent Examiners Report to the Trustees|16|
2 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **REPORT OF THE TRUSTEES (INCLUDING DIRECTORS’ REPORT) Year ended 31 May 2022**
## **Section One - Reference and Administration Detail**
The full name of the charitable organisation is Peterborough Football and Sports Development Foundation (hereinafter referred to as PFSDF)
PFSDF is an Independent Community Organisation and is registered with the Charity Commission for England and Wales under the registration number 1169820. The Company Registration number is 09542978. Our registered address is:
Nene Valley Community Centre, Candy Street, Peterborough PE2 9RE PFSDF website: http://nenevalleycc.org/ PFSDF e-mail: pfsdf@btconnect.com PFSDF telephone: 01733 330056
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Clive Wilson Appointed 27[th] November 2017 Paul Clarke Appointed 7[th] November 2016 Darren Fogg Resigned 6[th] June 2022 Georgie Elsom Appointed 25[th] June 2020
Executive Committee Managing Trustees and General Members At the 31[st] May 2022 the Executive Committee was made up by: - Trustee Chair/General Member Georgie Elsom Trustee Vice Chair/General Member Clive Wilson Elected at AGM September 2016 Trustee/General Member Paul Clarke Elected 7[th] November 2016 General Member Stuart Sharp Co-opted 16[th] October 2017 General Member Clair Albone Co-opted 16[th] October 2017 General Member Joy Franklin Co-opted 12[th] February 2018 General Member Georgie Elsom Co-opted 3[rd] March 2020 General Member Lauren Josey Co-opted 3[rd] March 2020 General Member Jo Toms Co-opted 3[rd] March 2020 General Member Troy Peters Co-opted 12[th] May 2020 General Member R Komisarczyk Co-opted 12[th] May 2020 General Member Jamie Fenton Co-opted 12[th] May 2020 General Member Guy Newey Co-opted 25[th] August 2020 General Member Sally Greenhalgh Co-opted 25th August 2020 General Member Paul Greenhalgh Co-opted 25th August 2020 General Member Alan Poulain Co-opted 18[th] June 2019
3 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **REPORT OF THE TRUSTEES (INCLUDING DIRECTORS’ REPORT) Year ended 31 May 2022 (Contd.)**
## **Statement of Trustees’ Responsibilities**
The trustees (who are also directors of PFSDF for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial period which gives a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Section Two - Structure, Governance and Management**
PFSDF is governed by a properly agreed and adopted constitution, and is a voluntary organisation, the policy and general management of which is administered by an executive committee of managing trustees.
## **Section Three – Objectives and Values**
## **Objectives**
The PFSDF are to the benefit of the public generally, both in the United Kingdom, and overseas, and in particular, the inhabitants of Peterborough and its surrounding areas.
We aim to promote community participation in healthy recreation by providing facilities (Land, Buildings, Equipment and Organised Sporting Activities) for the playing of association football and other sports capable of improving health.
There is an aim to provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth age, infirmity or disablement, poverty and economic circumstances or for the public at large, in the interest of social welfare and with the object of improving their conditions of life.
Finally, we aim to advance of the education of children and other persons (including academic, social and physical education) through such charitable means as the Trustees think fit.
4 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **REPORT OF THE TRUSTEES (INCLUDING DIRECTORS’ REPORT) Year ended 31 May 2022 (Contd.)**
## **Values**
It is intended that, subject always to the Objects and the best interests of the Charity, the ethos of the Charity will place an emphasis on and include a commitment to the values set out below:
We will support The Football Associations respect programme, recognising that everyone in football has a collective responsibility to create a fair, safe and enjoyable environment in which the game can take place, valuing the contribution of match officials, players and spectators and ensuring that they are treated with courtesy and fairness by opposing players, club officials and spectators, seeking to play fixtures in a fair, competitive but not antagonistic environment. We will also promote inclusivity and eliminating all forms of discrimination.
The charity commits itself, so far as is lawful and consistent with the Objects and the best interests of the Charity, to conduct its affairs in a manner consistent with the Values.
## **Section Four – Achievements and Performance**
Due to COVID -19 we saw the centre open under Government restrictions minimal usage up to July then additional restrictions came into place in December through to February, the impact of COVID-19 on a charity’s finances means that they are unlikely to look similar or comparable to previous years. It will take time for the community and hirers to return to pre Covid levels. It is very important for anyone reading the accounts to understand the differences, particularly when considering potential donations or other funding.
The Charity worked with the Government Guideline to open part of the site while protecting the staff, volunteers and local community while delivering the Charity objectives. We have started to see the return to normal level of hirers from March 2022, we have lost some groups but also gained new groups.
In December we hosted a Christmas Charity party with Embrace Yoga to raise funds for children’s charity.
_The Community Centre is just the perfect place to hold my classes - and I frequently get feedback from my clients echoing this; it's always clean, tidy, well looked after, warm and welcoming. My classes support new Mums and their babies so having the right space to hold these sessions, where people feel safe, happy and comfortable, is essential. Danni Edwards Tel: 07825 885667_
We were able to host our community Halloween Family Disco which sold out with over 70 families from the community attending. The community events all have a disco, free arts and crafts, games,
scavenger hunt and special guests. Our Christmas Family Disco was not as well attended due to covid restrictions and pressure of families not wanting to get covid before Christmas.
We also donated two bags of toys to the Peterborough hospital for the children’s ward.
5 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **REPORT OF THE TRUSTEES (INCLUDING DIRECTORS’ REPORT) Year ended 31 May 2022 (Contd.)**
Our All Creature Great & Small Family Disco was not as well attended and feel this was due to multiple issues, change in staff and school holidays and lack of social media build up.
We are always looking to see how we can improve and deliver the best service to hirers and the community, we carried out a survey and received over 40 responses
From the results we can see a large majority live within 5 miles of the centre, with over half attending the centre on a weekly basis. The rest then attending once or twice a year for our community events. The majority of hirers mainly use Facebook to keep updated on what we do, followed by word of mouth then lastly our website. Hirers have seen an improvement in our facilities include the Children’s area, patio upgrade, building decoration, bar improvements and the wildlife and eco tree outside area.
We asked what groups or events they would like to see at the centre moving forward, thirty where happy with what we offered, and other suggestions include adults craft events, pre school activities for working parents at the weekend.
We also asked for feedback from regular hirers
_‘The NVCC provides a safe learning environment for our special needs students, whilst being surrounded by spacious greenery and welcoming staff.’_
_Marion Main Deputy Team Manager NT&AS_
_‘Nene Valley Community Centre is a great place to encourage our patients to participate in Pulmonary Rehabilitation. The space is ideal for large groups, equipment, presentations and creates the perfect social environment for all ages. All the staff are friendly, approachable and are on hand to ensure your sessions can run as planned. The facilities, such as a spacious hall, convenient car parking, toilets and wheelchair access mean that our patients are safe but can also feel relaxed and enjoy themselves whilst exercising._
_Thank you to all the staff at Nene Valley Community Centre, the staff and patients from Peterborough City Hospital are extremely grateful.’_
_Alison Maddigan Clinical Specialist Respiratory physiotherapist Northwest Anglia NHS Foundation Trust_
We understand that we have areas that need to improve and make sure we deliver the best customer experience and provide the best community facility as possible. First on our list would be social media presence and make sure our facilities, events and what we do are advertised better. We would also like to improve the outside area for teenagers and young adults. Our aspirations are to work with the council to build another facility within the next 10 years.
6 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **REPORT OF THE TRUSTEES (INCLUDING DIRECTORS’ REPORT) Year ended 31 May 2022 (Contd.)**
## **Section Five – Financial Review**
The attached financial statements (on pages 8 to 15) show the current state of the finances, which the trustees consider to be sound.
## **Reserves Policy**
The policy in place states that the charity should hold a reserve of between 3-6 months’ operating expenditure to cover unforeseen contingency, which we have not yet achieved but are continuing to work towards. We have also implemented a 3G Sink Fund for the 3G which was part of the Football Foundation terms to the grant. We need to accrue £8,000 per year into the 3G Sinking Fund.
## **Finance Policy**
The policy in place states that the financial accounts of the charity will be carried out by a competent person and subject to an annual independent examination.
## **General Fund**
PFSDF has performed well against the budget set but returns a deficit in the year of £6,939.
The total income of £171,907 consisted mainly of hall income totaling £85,111, artificial pitch income of £28,193, grass pitch hire of £11,176 and grants of £22,900.
The expenditure recorded at £178,846 reflects general running costs and minor improvements to the facility and charity as a whole. Larger improvements (covered by the grants/surplus) are within the fixed assets within the balance sheet. The general fund now stands at £169,734 and restricted fund at £18,668.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.
Signed on behalf of the Trustees on …………………………………
## **G Elsom**
Chair of the Trustees
7 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE ACCOUNT) Year ended 31 May 2022**
|**Income from:**
Donations received
Hall income
Grants
Grants - COVID-19
Grants – CJRS
Office rent – UCL
Office rent – PDFL
Office rent – NVB
Community events
Changing room hire
Grass pitch hire
Artificial pitch hire
Advertising board income
Sundry income
Management charge
Bank interest
**Total income**
**Expenditure on:**
Wages and salaries
Staff costs
Local projects
Parish grant expense
Health Xchange purchases
Irrigation system
Insurance
Cleaning
Premises expenses
PIP ground maintenance
TV licensing
Advertising
Waste
Postage and carriage
Office stationery
Telephone and fax
Computer and software
Bar and music licences
Opening medal stock
Donations
Community events|**2022**
**Unrestricted**
**Funds**
**£**
6,624
85,111
-
-
-
4,000
4,000
2,000
1,274
-
11,176
28,193
1,230
399
5,000
-
**149,007**
44,365
1,470
-
-
1,110
803
3,866
2,951
35,226
5,910
159
970
1,839
163
1,605
516
4,039
1,947
-
1,635
5,874|**2022**
**Restricted**
**Funds**
**£**
-
-
22,900
-
-
-
-
-
-
-
-
-
-
-
-
-
**22,900**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**2022**
**Total**
**Funds**
**£**
6,624
85,111
22,900
-
-
4,000
4,000
2,000
1,274
-
11,176
28,193
1,230
399
5,000
-
**171,907**
44,365
1,470
-
-
1,110
803
3,866
2,951
35,226
5,910
159
970
1,839
163
1,605
516
4,039
1,947
-
1,635
5,874|**2021**
**Unrestricted**
**Funds**
**£**
-
20,277
1,300
31,898
-
4,000
4,000
2,000
-
908
4,564
12,439
-
-
-
15
81,401
8,164
751
-
452
1,210
2,078
3,602
1,988
19,833
-
158
923
1,441
21
307
202
2,416
403
1,296
-
184|**2021**
**Restricted**
**Funds**
**£**
-
-
32,766
-
18,340
-
-
-
-
-
-
-
-
-
-
-
51,106
18,340
-
-
-
-
-
-
-
833
8,399
-
-
-
-
-
-
-
-
-
-
-|**2021**
**Total**
**Funds**
**£**
-
20,277
34,066
31,898
18,340
4,000
4,000
2,000
-
908
4,564
12,439
-
-
-
15|
|---|---|---|---|---|---|---|
|||||||132,507|
|||||||26,504
751
-
452
1,210
2,078
3,602
1,988
20,666
8,399
158
923
1,441
21
307
202
2,416
403
1,296
-
184|
8 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **STATEMENT OF FINANCIAL ACTIVITIES (Contd.) (INCOME AND EXPENDITURE ACCOUNT)**
**Year ended 31 May 2022**
|**Expenditure on (contd.):**
Statutory testing
Staff training
Depreciation
Repayment of loan
Bank charges
Professional fees
Consultancy fees
Accountancy fees
Gross transfers between funds
**Net income for the year/Net**
**movement in funds**
Fund
balances
brought
forward at 1 June 2021
**Funds carried forward at 31**
**May 2022**|**2022**
**Unrestricted**
**Funds**
**£**
3,957
271
49,641
8,000
844
110
-
1,575
**178,846**
14,900
**(14,939)**
**184,673**
**169,734**|**2022**
**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
**-**
(14,900)
**8,000**
**10,668**
**18,668**|**2022**
**Total**
**Funds**
**£**
3,957
271
49,641
8,000
844
110
-
1,575
**178,846**
-
**(6,939)**
**195,341**
**188,402**|**2021**
**Unrestricted**
**Funds**
**£**
988
73
46,283
-
234
6,798
261
1,400
101,466
12,866
(7,199)
191,872
**184,673**|**2021**
**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
27,572
(12,866)
10,668
-
**10,668**|**2021**
**Total**
**Funds**
**£**
988
73
46,283
-
234
6,798
261
1,400|
|---|---|---|---|---|---|---|
|||||||129,038|
|||||||-|
|||||||3,469
191,872
**195,341**|
The accompanying notes form part of these accounts.
The Statement of Financial Activities include all gains and losses recognised in the period.
9 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **BALANCE SHEET As at 31 May 2022**
|**Note**
**Fixed Assets**
Tangible assets
3
**Current assets**
Stock
Debtors
4
Cash at bank
**Creditors: Amounts due within one year**
Creditors and accruals
5
**Net current assets**
**Total assets less current liabilities**
**Capital Funds**
**Unrestricted Income funds**
Unrestricted funds - general
Restricted funds
6|**£**
-
3,100
49,140|**2022**
**£**
152,996|**£**
-
4,190
35,239|**2021**
**£**
173,666
21,675
**195,341**
184,673
10,668
**195,341**|
|---|---|---|---|---|
||52,240
(16,834)||39,429
(17,754)||
|||35,406
**188,402**
169,734
18,668
**188,402**|
||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibility for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the board of trustees on ……………………………. and were signed on its behalf by:
**G Elsom** Chair of the Trustees **Charity No. 1169820**
10 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
**NOTES TO THE ACCOUNTS Year ended 31 May 2022**
## **1 ACCOUNTING POLICIES**
## **Charity information**
Peterborough Football & Sports Development Foundation is an Independent Community Organisation and is registered with the Charity Commission for England and Wales under the registration number 1169820. The charity is also a private limited company by guarantee and the registered office is Nene Valley Community Centre, Candy Street, Peterborough, PE2 9RE.
## **a) Accounting convention**
These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”), “Accounting and Reporting by Charities” the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applies from 1 January 2015. The Charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS201 Update Bulletin 1 not to prepare a statement of Cash Flows.
The accounts have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations, but which has since been withdrawn.
The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared on the historical cost convention. The principle accounting policies adopted are set out below.
## **b) Going concern**
At the time of approving the accounts, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## **c) Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of restricted funds are set out in the notes to the accounts.
11 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **NOTES TO THE ACCOUNTS (Contd.) Year ended 31 May 2022**
## **d) Incoming resources**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Government grants relating to revenue are recognised as income over the periods when the related costs are incurred. This includes the Government Coronavirus Job Retention Scheme grant.
## **e) Resources expended**
Expenditure is accounted for on an accruals basis.
## **f) Tangible fixed assets**
Tangible fixed assets are measured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated so as to write off the cost of tangible fixed assets over their estimated useful lives as follows: -
Leasehold improvements 10% per annum on cost Equipment 10% / 25% per annum on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(expenditure) for the year.
## **g) Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **h) Value added tax**
The Charity is unable to reclaim any Value Added Tax (VAT) it incurs on its expenditure. This irrecoverable tax is a cost to the Charity and consequently all figures within these financial statements are stated inclusive of any VAT incurred (unless stated otherwise).
## **i) Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowing in current liabilities.
12 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **NOTES TO THE ACCOUNTS (Contd.) Year ended 31 May 2022**
## **j) Financial instruments**
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all its financial instruments.
Financial instruments are recognised in the Charity’s balance sheet when the Charity becomes party to the contractual provisions of the instrument.
## _**Basic financial assets and liabilities**_
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognized in the profit and loss account in expenditure.
## **k) Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **l) Critical accounting estimates and judgements**
In the application of the Charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **2 NET INCOMING/(OUTGOING) RESOURCES FOR THE PERIOD**
|This is stated after charging the following:
Depreciation|**2022**
**£**
(49,641)|**2021**
**£**
(46,283)|
|---|---|---|
13 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **NOTES TO THE ACCOUNTS (Contd.) Year ended 31 May 2022**
## **3 TANGIBLE FIXED ASSETS**
|**Cost**
As at 1 June 2021
Additions
As at 31 May 2022
**Depreciation**
As at 1 June 2021
Charge for period
As at 31 May 2022
**Net book value**
As at 31 May 2022
As at 31 May 2021
**EBTORS: amounts fall due within one year**
Trade debtors
Other debtors
Prepayments
**REDITORS: amounts fall due within one year**
Trade creditors
Accruals and deferred income
Other creditors|**3G pitch**
**Plant,**
**fixtures and**
**fittings**
**Other**
**equipment**
**Total**
**£**
**£**
**£**
**£**
125,560
148,252
4,142
277,954
-
28,971
-
28,971
125,560
177,223
4,142
306,925|**3G pitch**
**Plant,**
**fixtures and**
**fittings**
**Other**
**equipment**
**Total**
**£**
**£**
**£**
**£**
125,560
148,252
4,142
277,954
-
28,971
-
28,971
125,560
177,223
4,142
306,925|
|---|---|---|
||25,112
75,361
3,815
104,288
12,556
36,923
162
49,641
37,668
112,284
3,977
153,929
87,892
64,939
165
152,996
100,448
72,891
327
173,666||
|||
165
152,996
327
173,666|
||100,448
72,891||
|||**2022**
**2021**
**£**
**£**
2,706
945
394
-
-
3,245
3,100
4,190|
|||**2022**
**2021**
**£**
**£**
772
11,254
6,575
6,500
9,487
-
16,834
17,754|
## **4 DEBTORS: amounts fall due within one year**
- **5 CREDITORS: amounts fall due within one year**
14 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **NOTES TO THE ACCOUNTS (Contd.) Year ended 31 May 2022**
## **6 RESTRICTED FUNDS**
|Councillors CLF Fund
Football Foundation
Mick George Community Fund
Sinking Fund|**At 1 June**
**2021**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**At 31 May**
**2022**
**£**
-
500
-
(500)
-
-
12,400
-
(12,400)
-
-
10,000
-
(10,000)
-
10,668
-
-
8,000
18,668
10,668
22,900
-
(14,900)
18,668|
|---|---|
Councillors CLF Fund – this was awarded to purchase a wildlife sign for use within the community wildlife garden. Football Foundation – this was awarded to purchase outdoor equipment to be used to maintain the pitches. Mick George Community Fund – this was awarded to purchase the play equipment.
Sinking Funds are a requirement of the Football Foundation 3G grant where over a 10 year period there will be funds available to replace the surface.
## **7 ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fund balances at 31 May 2022 are represented by:
Tangible fixed assets
Net current assets/(liabilities)|**Restricted**
**funds 2022**
**£**
**Unrestricted**
**funds 2022**
**£**
**Total funds**
**2022**
**£**
**Total funds**
**2021**
**£**
-
152,996
152,996
173,666
18,668
16,738
35,406
11,007
18,668
169,734
188,402
184,673|
|---|---|
## **8 TRUSTEES**
None of the trustees (or any persons connected with them) received any remuneration or benefits during the period.
## **9 CAPITAL COMMITMENTS**
No capital expenditure was contracted for but not provided for at the period end.
## **10 CONTROL**
The charity was under no single controlling party during the current period.
## **11 RELATED PARTIES**
During the year, The Peterborough & District Football League paid the charity rent of £4,500 (2021: £4,000). The Peterborough & District Football League is a private company limited by guarantee that share trustees and operate from the same facilities.
During the year, Nene Valley Bar Ltd paid the charity rent of £2,000 (2021: £2,000), a donation of £1,500 (2021: £nil) and a management charge of £5,000 (2021: £nil). Nene Valley Bar Ltd is a private company limited by guarantee that share trustees/directors and operate from the same facilities.
15 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF PETERBOROUGH FOOBTALL & SPORTS DEVELOPMENT FOUNDATION**
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 May 2022.
## **Responsibilities and basis of report**
As the charity trustees of the company (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 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 the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material aspect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kerry Hilliard ACA FCCA CTA For and on behalf of Stephenson Smart & Co Chartered Certified Accountants
36 Tyndall Court Commerce Road Lynchwood Peterborough Cambs PE2 6LR
Date:
16 | P a g e
N e n e V a l l e y C o m m u n i t y C e n t r e C a n d y S t r e e t , P e t e r b o r o u g h P E 2 9 R E C h a r i t y N o : 1 1 6 9 8 2 0 C o m p a n y N o : 0 9 5 4 2 9 7 8