REGISTERED COMPANY NUMBER: 08389317 (England and Wales REGISTERED CHARITY NUMBER.. 1170417 REPORTOFTHE TRusfEES AND UNAuorfEO FINANaAL STATEMEIIT5 FOR THE YEAR ENDED ￿juNE ZOZ3 FOR ASFORDDY FOOTBAiLCWB UMrrED Duncan& Topli5 ￿rnited 26 Park Road Mel'.on Mowbray Leicestershire LE13 IT[ ASF(IIDBY F￿TBALL CLUB UMITED CONTENTS OF THE FINANCIAL STAIEMENrs FOR THE YEAR ENDED 30 JUNE 2023 Report of the Trustees Independent Examlnevs Repo Statément of Finèneial Attivities Statementof Fin)nEial Po5ttio Notes to the Finanual Staternerrt5 7 to 12 ASF(IIDBY F￿TBALL CLUB UMITED IREGISTERED NUMBER: 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 JUNE 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial st8tements of the charity for the year ended 30 June 2023. The trLStees have adopied the provisions of Accounting and Reporting by Ch3rities.' statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 S18ndard applicable In the VK and Republic of Ireland (FR5 1021 lefiecrive l January 20191. OBJECTIVES AND ACTIVITIES Oblertlves and alms The object of the charity is to advance in life and relieve needs of young people up ￿ the age of 18 residenl in Asforthy. Leicestershire and the surrounding area ihrough the provision of faciliiies For the puipose of playing football Plovided in the intere51 of Social welfare designed to improve their conditions of life. To provide support and actiwties which develop their skills. capacities and capabilities to enable them to partlClP3te in society as mature and responsit4e indiwduals. Publlc beneflt When reviewing the charityes oblertives and aims. and planning fvture attiwties. the iwstees have considered ihe Ch8rity Commission's general Euidance on publ￿ benefit. ACHIEVEMENT AND PERFORMANCE Charltable adlvliles Thc accouniine pcriod ending 30rh June 2023 saw inueased auivityfollowing the success of ihcfirst lea￿ who were promotcd to stcp 6. the first rung of the non-league ladder after winDiDg the Lei￿SterShire Senior League Premier Division. The trustee5 Voted on aThd decided to 3ppIv for promotion to access f￿ndIng to develop ihe 51te and facilities at Hoby Road. The club upgraded irs dugouts. added a standing shelter and perimeter fence for ihe fysi team pitch and training area. The refvrbishment of the 3G pitch wa5 undertaken, supported by funding from the Football Foundation. The club fielded 21 team5 acr055 a11 gra55root5 age group5. With over 340 player5 aged frorn 6 to adult. Our footlKII acaderny continue5 to accept players from 4 yezrs old and we have had great success in feeding ttE5e playeis into our junior teams. We believe that we are close to maximizing the number of teams we can host. howevty we remain in discussions with the FA to see if there is a way of opening other time slots and match days for league games. Football Foundation again enabled us to continue a rolling pitch improvement programffle. overseen by Football A55ociation expert5. This will extend in the next finanaal period to include improved training facilities. Thè accounts reflect a pèriod of incrÈased cost. most pÈrceplibTy in respÈrt of elettrititv Costs which rose in thÈ pèriod by more than £6(K> a month. The trustees maintaived ongoing di5CUSSIOn5 With supplier5 to keep price ri5e5 10 a minirnum. Thi5 will be an ongoing focus. In the next period we will explore the possibiliry ol de¥doping ihe property at Hoby Road io be a more inclusive space ihat is fit for long ierm, making use of environmenrally sound iechnologies io reduce costs and our carbon fooiprint. FINANCIAL REWEW ReseNes polic¥ The Irustees have generated enough income io keep ihe chariry solweni and conrinue io invest in ihe upkeep in the faciliiies. As at 30June 2023 net reseNÈs were £66.909whTrch thetrusiees consider lobe saiisf&tory. STRUCTURE, GOVERNANCf AND MANAGEMENT Govemlng documeni The charity is controlled by its memorandum and articles and cons1ituies a limited company, limited by guarantee. as defined by the Companies Act 2006. In the event of the company being wound up members are required to contribute an amount not eyceeding £1. Recrultment and appolntmentof newtruAees The directors of the company are also (harity trustees for the pu￿05e$ of chanty law. I trustee5 give their time voluntarity and receive no benefits from the charity. Rlsk management The trustees h3ve a duty to id*ntify and rewèw the risks to which the tharity is exposed and to ensure appropnate controls are in p18£e to prowde reasonable a55urance against fraud and error. Page I ASF(IIDBY F￿TBALL CLUB UMITED IREGISTERED NUMBER: 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 JUNE 2023 REFERENC£ AND ADMINISTRAnVEDtTAILS Reglstered Company number 08389317 IEnBlènd and Wale5 Registered Charlty number 1170417 Reglstered offl A5fordby Acres Hoby Fload fordby Melton Mowbray Leicestershire LE14 3TL Trustees M5 S L Wilson Mrs S C Alexznder IresigThed 1.9.231 S M Atherley MtsJLHill M J K Pond (resigned 12.3.241 Mrs N A Mann N J Aitken (resigned 1.9.231 Independent Examinèr Niall A. King51ey FCA Duncan & Toplis Limited 26 Park Road Mèlton Mowbray Leice5teT5hire LE13 1 Approved by order of the board of trusiees on 22 April 2024 and signed on its behalf by.. S M Arherley- Trustee Page 2 INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF ASFORDBY FOOTBALL LIMITED Independent examinerfs ￿port to the tru#ees of Asftydby Foothall Oub Limbted I'the C¢*npantll I report to the charity tru5tee5 on my examinat￿ of the acwntsof the Cornpany for the year ended 30 lune 2023. Responslbillrles and basis of report As the charity's trustees of the Company land a150 Its éirectors for the purposes of company lawl you are reswnsible for the prepar3tion of thÈ ac£ounts in accordance with the requirements of the CompaniesAct 21K￿ Ithe 2(m￿ Act'l. HaviDB satisfied mysell that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act 3nd are eligible for independent examination, I report In respect of my examination o- your charity's accounts 3s carried out under Section 145 of the Charities Act 20LI I'the 2011 Act'l. ITh carrying oui my examination I have followed the Directions gwen by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examlnerfs staternent I have completed my examination. I confirm that r￿ matters have come to my attention in ConTr￿tIon wf(h the examination giwng me cause to believe-. accounting records We￿ not kept in respert of the Company as wul￿d by Seciion 386 of the 2(M￿ Act- or the accounts do not accord with those records." or the accounts do not comply with the accounting requireThents of Section 396 of the 2006 Act oiher 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 the accounts ha%£ not been prepared in accordance with the methods and principles of the Statemerst of Recommended Practice lor accounting and reporting by charities loppli¢able to Ch￿ritiCS preparing their occounts in ac¢ordJn¢c with thc Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examinatiC￿ to which attentioTh should be drawn in this report in order to enable a proper wderstanding of ihe accounis io be reached. Niall A. Kingsley FCA Dunc3n &Toplis Limited 26 Park Road Melton Mowbray Leicesiershire LE13 ITT 22 April 2024 Page 3 ASF(IIDBY F￿TBALL CLUB UMITED STATEMENT OF FINA14CIAL AcnvinÉs FOR THE YEAR ENDED 30 JUNE 2023 2023 Total funds 2022 Total funds Unrestritted fund Restricted fund Notes INCOME ANO ENDOWME￿ FROM Charltable activities Football club Sports f3cilities and bar 87.216 123.762 38.452 125.668 123.762 93,846 149,582 Inve51rreTrt income Total Iz Iz 249.442 210. 241.428 EXPENDITURE ON Charitable actiwties Football club Sports facilities and bar Total 76,063 38.452 114.515 133,048 247,563 102,753 138.769 241,522 209.111 38.452 NET INCOME 1.879 1.879 1,906 RECONCILIATION OF FUNDS Total funds brought forward 65.030 65,030 63,124 TOTAL FUNDS CARRIEP FQRWARD 66,909 CONTINUING OPEPATiof45 l income and expenditure has arisen from £ontinuin8 ZCtNities. The noles forrn part of these financial starernent5 Page 4 ASF(IIDBY F￿TBALL CLUB UMITED IREGISTERED NUMBER: 083893171 STATEMENT OF FINANCIAL POSITION 30 JUNE 2023 2023 Total funds 2022 Total funds Unrestritted fund Restricted fund Notes FIXED ASSEtS Tangible 35sets 6.564 9.454 16.018 7,614 CURRENT A55ET5 Stocks Deb(or5 Cash at bank 4,628 14.856 4,628 14.856 54.932 74,416 3.300 7,177 84,181 94,658 74,416 CRE￿TORs Amounts falling due within one year 110,5811 19A541 120,0351 132,2621 NET CURRENT ASSETS 63.835 9,4541 54,381 62.396 TOTALA55Efs LESSCURRENT LIA8ILlnE5 70.399 70,399 70.010 CREThTORS Amounts falling due after more than one year io I3,4￿) I3,4￿) 14,9801 NET ASSETS FUNDS Unrestricted funds TOTAL FUNDS 12 66,￿9 65,030 The Eharitable cornpaty is entttled lo exernption frorn audit un(lerSeclion 477 of the Companie5 Act 2(M)6 for the year ended 30 June 2023. The mÈmbers have not rÉpuirÈd the tompanyto obtsin an audtt of its finantial statÈmÈnts for the yÈar end￿ 30Juno 2023 in actordancÈ with Section 476 of the CompaYiesArt 2￿6. Th@ trustees acknovAedge their reswnsibilitiesfor en£uring that thÈ tharitablÈ company keeps aÉLounting rÈtords that tomply with Sections 386 3nd 387 of the CompaniÈs Art 2006 and preparing financval st3temeDts which give a true and lairview of the 5tète of affairs of the ch8ritable cOrD￿n¥ 85 at the end of each financial year aThd of its surplus or deficit for each financial year ir accordarKe wrth the requirement5 of Section5 394 and 395 and which otherwise comply wfth the r￿jIrÈrnÉnts of the Companies kt 2(X)6 rdating to fw)ancial statements. so far as 3pplic3ble to thè tharitablÈ company. Ib The noles forrn part of these financial starernent5 Page S continued.. ASF(IIDBY F￿TBALL CLUB UMITED IREGISTERED NUMBER: 083893171 STATEMENT OF FINANCIAL POSITION- coniiN*d 30 JUNE 2023 These financial statements have been prepared in accordance with the prowsions applicable to charitsble companies subject to the 5rn311 comp8nies regime. The fln3nrlal statements were approved by the Board of Trusree54nd aurhorised for i55ue on 22 April 2024 and were 51gned on Its behalf bv.. S M Atherley- Trustee The noles forrn part of these financial starernent5 Page6 ASF(IIDBY F￿TBALL CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 ACCOUNTING POUCIES Basfjs ol preparlty the flnaThclal statements The financial statements of the charitable company. whKh is a publK benefit entity under FR5 102, have been prepared in accordance wilh the Charities SORP IFR5 1021'Accounting 3nd Reporring by Charitie5.' 5tatemeni of Recomrnended Practire applicable ro rharities preparing their xcounts in accordance with Financial Reportin4 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191., Financial Reporting Standard 102 -The Financi31 Reporting Standard applicable In the UK ènd Republic of Ireland, and the Companies Act 2006. The finan￿131 statements have been prepared under the historical cost convention. The preseTrtaiion currency of the financial sratefflenrs is the PouThl Steiling (£1. Goln8 coThcern The Trustees consider thaiu5e of ihe goin8 contrrn assumpuon is appropriate. Ineome All incorne 15 recognised in the Statement of Finanaal ActNf(ie5 ontr the charity ha5 entrtlement to the fund5, It is probable that the income will be received and the amouTht can be measured reliabty. Income from government and other grants is reco8nised at fair value when the charity has eniitiement after any performance condit￿)n$ are met. it is probable ihat thc income will bc rcceived thc ar￿)Unt can bc mca4ured rcliably. If cntrclcmcnt is not met then these amounts are deferred. Expenditure Liabilities are recognised as expenditure as soon as ibere is a legal or construttive obligation committing the charity to that expvnditurp. it Is probablp that 3 transfer of e¢onomi¢ b¢￿elIts will be required in spttlpmpDt and thp am(JuDt Df the obli8atioD be measured reliably. Expenditure is accounted for on an accrua15 basi5 and ha5 beeD classified under headin85 that agEregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 on a sis consistent ivith the use of resowces. TanwlAe fixeil ￿￿et5 Depreciatiori Is provided atthe foll￿%￿ng annud rate5 in order to write off eath a55et over its e5tirnated useful lrfe. Improvements to property Planl and machinery i(Wh on cost 33% on tosi Inventories Inveniories are valued ai the lower olcosi and fair value less costs 10 complete and sell, afier making due allowance lor obsolete and slow moving iiern5. raxation The chariiy is exernpt from corporation tax on its thariiawe acriwties_ Fund &couniing Unrestricted funds can bÈ used in accordance with the Charr(ab￿ objectives at the discre￿On of the trustees. Restricted funds can only L* used for panicular restricted purp05eswithin the objects dthe chariry. Restrict10Th5 arise when specified by the donor or when funds are raised for particular restrKted purpose5. Further exp13nation of the nature and purpose of each fund is included in the notes to the financial st31ements. Government grarnts Government grants relating to revenue are recognised as income on a 5YStematic basis over the period in which the related costs lor which the grant Is Intended to Comp￿Sate are recognised. Government grant5 receiv?ble for the purpose of giving immediate financial 5UPPOrt to the entity with no future related costs are ecognised as income in the period in which it become5 receivable_ Page 7 continued.. ASF(IIDBY F￿TBALL CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS- eoniinue FOR THE YEAR ENDED 30 JUNE 2023 INVESTMENT INCOME 2023 2022 Interesi receivable 12 NET IPKOMEIIEXPENDITUREI Net income/l*xpenditurel Is sMed after charEirwJltrÈdiiingl'. 2023 2022 Depreciation- owned assets TRUSTEES. REMUNERAIION AND BENEFITS 2023 2022 TrustÉes' salari Mrs J L Hill £8,313 and Ms 5 L Wilson £501 were paKI for providing services in the aubhouse. These were paid in accordance with the Articl￿ of Assooation and conditionsin 5eLtion 6.2. and section 185 of the ch3rities act 2011. Trustees. expenses There were no trustees, ex￿￿￿$e9 paid for the ￿ar ended 30 June 20Z3 noi fw the yearended 30 lune 2022. COMPARATIVES FOR THE STATEMEp￿oF Fif4PJICIALAcrivmES Unrestricted fund Restricted fLmd Total fvnds INCOME AND ENDOWMENTS FROM Chawitable activities Foot￿11 club Sports facilities and bar Total 72.864 149.582 222,446 20.982 93,846 149.582 243,428 20,982 EXPENDITURE ON Charitoble artivities Football club Sports facilities and bar Totsl 81.771 138.769 20,982 102,753 138,769 241,522 20.982 NET INCOME 1,906 RECONCILIAnON OF FUNDS Total fund5 broughi forward 63.124 63,124 TOTAL FUNDS CARRIED F¢)RWARI) Page 8 continued.. ASF(IIDBY F￿TBALL CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS- eoniinue FOR THE YEAR ENDED 30 JUNE 2023 TANGIBLE FIXED ASSETS Improvements Plant and machinery property Totals COST At l ju￿ 2022 Additions At 30 June 2023 DEPRECIATION At l July 2022 Charee for year At 30 June 2023 NET BOOK VALUE At 30 June 2023 At 30 June 2022 1,255 16,231 33,788 35,043 16,231 628 1,749 2,377 26.801 6,078 32,879 27,429 7,827 909 627 STOC 2023 2022 Stocks DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2023 2022 Debtors Prepayments 12,899 1,957 6,523 654 CREDITORS.. AMOUNTS FALLINfj DUE wrrHIN (INE YEAR 2Q3 2022 Bank loans and (xrerdrafts (SÈÈ noie 111 Creditors Soclèl sÈcurlty aKd other taes Other creditors AccruÈd ÈxpÈns Deferred government 8rants 1,490 s,sa9 365 228 2,660 9.453 1,453 18,877 7.174 2,218 Page 9 continued.. ASF(IIDBY F￿TBALL CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS- eoniinue FOR THE YEAR ENDED 30 JUNE 2023 io. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 2022 Bank loans (see note 111 ii. LOANS An analysis of the maturityof loans is given bel¢)w'. 2023 2022 Amounts falling due vhihin one year on demand= Bank loans Amount5 falling between one and two years.. Bank loans- 1-2 years Amount5 falling due between two and five year5= Bank loans- 2-5 years 12. MOVEMENT IN FUNDS Net movement In lunds At 30.6.23 At 1.7.22 Unrestrided fi1r￿s General fund 65.030 1,879 TOTAL FUNDS Net movement in funds, included in the above are as follows- Incoming restyjrces Resources expended Movement In fund5 Unrestrided funds Geneial fund 210,9 1209,1111 1,879 Restritted funds Football club 38,452 138,4521 TOTAL FUNDS 247 5631 Compar•tivt5 Iwmo¥*ment in fvni15 Nei movement in funds At 30.6.22 At 1.7.21 Unrestricted funds GeneTal fund 63,124 1,90G TOTAL FUNDS Page io continued.. ASF(IIDBY F￿TBALL CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS- eoniinue FOR THE YEAR ENDED 30 JUNE 2023 12. MOVEMENT IN FUNDS- corrtlnued Compar3tive net movement In lunds. included in 1he ab(we are as follows.. Incoming res￿rceS Re50urce5 expended Movement in fund5 Unrestrlcted fuNJs General fund 222,446 1220,5401 Restrltted funds Foot￿11 club 20,982 120.9821 TOTAL FUNDS 243 428 241 $221 A current year 12 rnoThths and prior ye3r 12 months combned posit￿Tr is as f(Alows'. Net movement In funds At 30.6.23 At 1.7.21 Unrestrlcted funds General fund 63,124 3.785 TOTAL FUNDS A current year 12 months and prior year 12 months CoM￿"ned net movement in funds. included in the above are as follows.. Incoming e$L￿r¢t5 Resources expended Movement In funds Llnrestrithed funds General fund 433,436 1429,6511 3,785 Rtstrirted funds Footb811 club 59,434 159,4341 TOTAL FUNDS 492 870 489 0851 Restrirted fund5 The incoming grants for ihe fooiball club consisi ol piich improvÈment grants from the Football Foundation as well as a pitch machinery grant. Pitth improvement grartts support clubs tsnd leagues to pTovide betyer qualtty grass ptihes. Outs and leagues can apply to setuTe a grant io purchase materia15 and engage professional coniracrors over a six-ffjar period, increasing ihe levels of Maintenance work carried oui on their grass pitches, with an aim rrf improvirg ihe quality to 3'G￿d, standard or aithe. Pitch machinery grants enable tlubs and organisations to purchasè machinery and equipment rètommended in ihÈir Pitth Powèr assessment report. Mèthirnery and equipment may be Dew or u5eil and all applic3nis will be required to supply two Iike-for-like quotations for each item from different suppliers and evidence of partnership funding Igrants will be provided for a maximum of 75% of the projert costl. Ground maintenbnte grants were also receiv￿ to upgrade facilities Ihese were recei￿ for a maximum 50% of the project costs but cRpppd its A mayimijm thf £25,nnr). Page li continued.. ASF(IIDBY F￿TBALL CLUB UMITED NOTES TO THE FINANCIAL STATEMENTS- eoniinue FOR THE YEAR ENDED 30 JUNE 2023 13. RELATED PARTY DISCLOSURES There were no related parry tranSact￿>Th5 for the ￿ar ended 30June 2023. Page 12 This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forni, authentication and manner of delivery under section 1072 of the Companies Act 2006.