REGISTERED COMPANY NUMBER: 08389317 IEnEland and Wales) REGISTERED CHARITY NUMBER.. 1170417 REPORTOFTHE TRU5TEE5AND UNAUOITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2024 FOR ASFORDBY FOOTBALL CLUB IIMITED Duncan & Topli5 Mited 26 Park Road Melton Mowbray Leicestershi LE13 ITT
ASFORDBY FOOTBALL CLUB LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2024 Page Report of the Trustees Independent Examlner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 7 to 12
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 JUNE 2024 The trustees who are also directors of the tharity for the purposes of the Companies Act 2006, prèsent their report with thè financial statements of the charity for the year ended 30 lune 2024. The trustees have adopted the provisions of AccountinE and Reporting by Charities.. statement of Recommended Pract1ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191. OBJEcfivES AND ACTIVITIES ObJertlves and alms The object of the charity 15 to advance in life and relieve needs of youn8 people up to the a8e of 18 resident in Asfordby, Leicestershire and the surrounding area through the provision of facilities for the purpose of playing football provided in the interest of social welfare designed to improve their conditions of life. To provide support and activitie5 which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. Publlc benef It When reviewing the charities objectives and aims. and in planning future activitie5, the trustees have considered the Charity Commission's general Buidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charltable actlvlties Thc occounting period cndin8 30th lunc 2024 Saw incrca5cd uctivity followin8 thc 5UCCC55 Qf thc first tcom, who in 2023 wcrc promotcd to step 6, the first rung of the non-league ladder after winning the Leicestershire Senior League Premier Division. The trustees Voted on and decided to apply for promotion to access funding to develop thE 51te and facilitie5 at Hoby Road. The club upgraded its du8OUts, added a standing shelter and a perimeter fence for the first team pitch and training area. The refurbishment of the 3G pitch was undertaken, supported by luThding frorn the Football Foundation. The club fielded 21 teams acro55 all gra55roots age group5, Wlth over 340 players aged from 6 to adult. Our football academy continues to accept player5 from 4 years old and we have had great success in leeding these players into our junior team5. We believe that we are c105e to maximizing the number of tearn5 we can host, however we remaln In discussions with the FA to see If there Is a way of opening other tlme slots and match days for league games. Football Foundation again enabled u5 to continue a rolling pitch improvement PrograMe, overseen by Football A559ciation experts. This will extend in the next financial period to include improved training facilities. In this period the p055ibility has been explored to develop the property at Hoby Road to be a more inclusive space that is fit for long term, making use of environmentally sound technologies to reduce costs and our carbon footprint. In the next period we will start 10 See more related costs to this.. FINANCIAL REVIEW Reserves policy The trustees have generated enough income to keep the charity solvent and ¢ontinue 10 invest in the upkeep in the facilities. As at 30 lune 2024 net reserves We £48,502 which the trustees consider to be satisfactory. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The charity 15 controlled by its memorandum and articles and constitutes 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 exceeding £1. Recrultment and appolntment of new trustees The director5 01 the company are also charity trL4Stees for the purposes of charlty law. They are appointed in accordance to Article 22 from Articles of Association document. All trustees give their time voluntarily and receive no benefits from the charity, with the exception of one trustee who receives a salarv. R15k management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page I
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 JUNE 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Cornpany number 08389317 IEngland and Wales) Reglstered Charlly number 1170417 Reglstered offlce A5fordby Acres Hoby Road Asfordby Melton Mowbrav Leicestershire LE14 3TL Trustees Ms S L Wilson Mrs S C Alexander Iresigned 1.9.231 S M Atherley Mrsl L Hill M l K Pond (resigned 12.3.241 Mrs N A Mann N l Aitken Iresigned 1.9.231 Independent Examiner Niall A. King51ey FCA Duncan & Topli5 Limited 26 Park Road Melton Mowbray Leicestershire LE13 1 Approved by order of the board of trustees on 23 May 2025 and signed on its behalf bv: S M Atherley- Trustee Page 2
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ASFORDBY FOOTBALL CLUB LIMITED Independent examiner's report to the trustees of Asfordby Football Club Limtted I'ihe Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 lune 2024. Responslbllltles and basls ol report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eliEible for independent examination, I report in respect of my examination of your charity's accounts 85 carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carryine out my examination I have followed the Directions given by the Charity Commission under Section 14515) Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination givinE me cause to believe.. accounting records were not kept in respect of the Compan¥ as required by Section 386 Df the 20c Act,- or the accounts do not accord with those records- or the accounts do not comply with the accounting requlrements of Section 396 ot 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 exarnination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor counting and reporting by charitics lapplicablc to charitics prcparing thcir accounts in accordance with thc Finoncial Reportin8 Standard applicable in the UK and Republic of Ireland IFR5 10211. I have no concerns and have come across no other matters In connectlon 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. Niall A. King51ey FCA Duncan & Toplis Limited 26 Park Road Melign Mowbray Leicestershire LE13 ITT 23 May 2025 Page 3
ASFORDBY FOOTBALL CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURÉ ACCOUNn FOR THE YEAR ENDED 30JUNE 2024 2024 Total funds 2023 Total funds Unrestricted fund Restricted fund Note5 INCOME AND ENDOWMENTS FROM Charltable actlvltles Football club Sports facilities and bar 95,158 115,113 2,297 97,455 115,113 12S,668 123,762 Investment income Totsl 12 249 442 210,271 212,568 EXPEMDITURE ON Charltable a¢tlvltles Football club Sports facilities and bar Total 83,351 149,003 232,354 14141 96SI 1,3791 82,937 148,038 230,97S 114,515 133 048 247,563 NET INCOMEIIEXPENDITUREI 122,0831 3,676 {18,4071 1,879 RECONCILIATION OF FUNDS Total funds brought forward 66,909 66,909 65,030 TOTAL FUNDS CARRIED FORWARD 66 909 CONTINUING OPERATIONS All income and expenditure has arlsen from contlnulng actlvltles. The notès form part of these financial statements Page 4
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 STATEMENT OF FINANCIAL POSITION 30JUNE 2024 2024 Tot31 funds 2023 Total funds Unrèstricted fund Restricted fund Notes FIXED ASSETS Tangible assets 12,184 10,977 23,161 16,018 CURRENT ASSETS stocks Debtor5 Cash at bank 4,199 5,058 4,199 5,058 39,702 48,959 4,628 14,856 54 932 74,416 io 48,959 CREDITORS Amounts falliiig due within one year li 114,3541 17,3011 121,6551 120,0351 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA81LITIES 46.789 3,676 50,465 70,399 CREDITORS Amounts falling due after more than one year 12 11,9631 11,9631 13,4901 NET ASSETS FUNDS Unrestricted funds Restricted fund5 TOTAL FUNDS 14 44,826 3,676 66,909 The charbtable company15 entitled to exemptlon from audlt under Settlon 477 of the CDmpanles Act 2006 for the year ended 30 lune 2024. The rnembers have not required the company to obtain an audit ol its financial statements for the year ended 30 lune 2024 in accordance with Section 476 of the Companies Act 2006, Thè trustees acknowledge thelr responsibilities for ensuring that the charitable company keeps accountlng records that comply wlth Sections 386 3nd 387 of the Companles Act 2006 and preparing financial statements which give a true and fair view of the state of affair5 of the charitable company a5 at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirement5 of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 20D6 relating to financial statements, so far as applicable to the charitable company. Ibl The notès form part of these financial statements Page 5 continued...
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 STATEMENT OF FINANCIAL POSITION - continued 30JUNE 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies règime. The flnanclal statements ivere approved by th2 Board of Trustee5 and authorlsed for Issue on 23 May 2025 and were s18ned on its behalf by.. S M Atherley- Trustee The notès form part of these financial statements Page 6
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 GENERAL INFORMATION Asfordby Football Club Limited is a private Charitable Company Limited by Guarantee registered in Encland and Wales. The charity's registered number, company re8iStration number and re8lStered oftice address are detailed in the administrative information on Page The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The financial statements cover the individual entity. ACCOUNTING POLICIES Basls of preparlng the flnanclal ststements The financial statements of the charitable company, which is a public benefit entity under FR5 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Acrounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Thc prc5cntation currcncy of thc finuncial 5tatcmcnt• 15 thc Pound 5tcrlin81£1. Golng concern The Trustees conslder that use of the golng concern assumptlon Is appropriate. Financial reporting slaTrdard 102 - reduced dis¢losure exemptions The charitable co)mpany ha5 taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requlrements of Section 7 Statement ol Cash Flows. Debtors and credltors Debtors and crcditors receivable I paysble within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Anv losses arising from Impalrment are recognlsed In expenditure. Income All income is reco8nised in the Statement of Financial Activities once the charity ha5 entitlemerbt to the funds, it 15 probable that the income will be received and the amount con be measured reliably, Income from government and other grants is recognised at falr value when the charlty has entitlement after any performance conditlons are met, it is probable that the Income will be recelved and the amount can be measured reliably. If entltlemernt Is not met then these amounts are deferred. Expenditure Liabilities are recogni5ed a5 expenditure a5 500n a5 there is a Ipgal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured rellably. Expenditure 15 accounted for on an accruals ba515 and has been cla551fied under headlng5 that aggrcgate all c05t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. TangiblÈ fixèd assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Improvements to property Plant and machinery IO% on cost 33% on cost Inventories Inventories are valued at the lower of cost and fair value le5S COStS to complete and sell, after making due allowance for obsolete and slow moving items. Page 7 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES- contlnued Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance M'ith the charitable objectives at the discretion of the trustees. Restricted funds can only used for particular restricted purposes within the objects of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Government grants Government grant5 relating to revenue are recogni5ed a5 income on a sy5ternatic ba515 over the period in which the related c05t5 for which the grant is intended to compensate are recognised. Government grants receivable for the purpose of giving immediate financial support to the entity with no future related costs are recognised as income in the period in which it becomes receivable. INVESTMENT INCOME 2024 2023 Interest receivable 12 NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is stated after chargirb8llcreditingl.. 2024 2023 DepreciatSon . owned assets Surplus on disposal of fixed assets 3,481 7,827 TRUSTEES, REMUNEK4TION AND BENEFITS 2024 2023 Trustees, salBrie5 Mrs J L Hill £8,478 and Ms S L Wilson E500 were paid for providin8 service5 in the Clubhouse. These were paid in accordance with the Article5 of Association and condition5 Iri Section 6,2. and Section 185 of the charitie5 act 2011. TNstees' expense5 There were no trustee5' expenses paid for the year ended 30 June 2024 nor for the year ended 30 lune 2023. Page 8 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 STAFF COSTS The average monthly number of employees during the year was as follows.. 2024 2023 Directors Employees 12 No employees received emoluments In excess of £60,000. COMPARATIVES FOR THE 5TATEMEPff OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charltable actlvltles Football club Sports facilities and bar 87,216 123,762 38,452 125,668 123,762 Investment income Total 12 210990 12 249 442 EXPENDITURE ON Charltable actlvltSes Footb311 club Sports facillties and bar Total 76,063 133 048 209 111 38,452 114,515 133 048 247 563 NETINCOME 1,879 1,879 RECONCILIATION OF FUNOS Total funds brought forward 65,030 65,030 TOTAL FUNDS CARRIED FORWARD Page 9 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 TANGIBLE FIXEDASSETS Improvements Plant and machinery property Totals COST At l July 2023 Additions Oisposals At 30 June 2024 DEPRECIATION At l July 2023 Charge for year Eliminated on disposal At 30 June 2024 NET BOOK VALUE At 30 June 2024 At 30 June 2023 17,486 10,416 33,788 208 8,0001 51,274 10,624 27,902 2,377 2,790 32,879 691 8,0001 35,256 3,481 5,167 30,737 426 909 5TOCK5 2024 2023 Stocks io. DEBTORS: AMOUNTS FALiING DUE WITHIN ONE YEAR 2024 2023 Debtors Prepayments 2,961 12,899 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 131 Creditors Social security ard other t3xe5 other creditors Accrued expenses Deferred government 8rants 1,528 6,291 3,366 665 2,505 1,490 S,839 365 228 2,660 9,453 Page 10 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans Isee note 131 13. LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling due within one year on demand.. Bank loans Amounts falling between one and two years= Bank loans - 1-2 years Amounts falling due between two and five years.. Bank loans - 2-$ years 398 14. MOVEMENT IN FUNDS Net movement in fund5 At 30.6.24 At 1.7.23 Unrestrlcted fvnds General fund 66,909 122,0831 44,826 Restrlrted funds Footb811 club 3,676 3,676 TOTAL FUNDS 18 4071 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement Infunds UnrestYi¢ted funds General fund 210,271 1232,3541 122,0831 Reslrlrted funds Football club 2,297 1,379 3,676 TOTAL FUNDS 212 568 230 9751 Page 11 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024 14. MOVEMENT IN FUNDS- contlnued Comparatives for movement In funds Net movement in funds At 30.6.23 At 1.7.22 Unrestricted funds General fund 65,030 1,879 66,9J9 TOTAL FUNDS Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement infunds Unrestrlcted fvnds General fund 210,990 1209,1111 1,879 Reslrlrted funds Football club 38,452 138,4521 TOTAL FUNDS 249 442 247 JG31 Resirirted funds The incoming grants for the football club consist of pitch improvement grants from the Football Foundation as well as a pitch machinery grant. Pitch Improvement grants support clubs and leagues to provide better quality grass pitthes. Clubs and leagues can apply to secuie a grant to puichase materials and engage professional contractors over a six-year period, increasing the levels of maintenance work carried out on their grass pitches, with an aim of improving the quality to a 'Good' standard or above. Pitch machinery grants enable clubs and organisations lo purchase machinery and equipment recommended in their Pitch Power èSSe55ment repart. Machinery and equipment may be new or used and all applicants will be required tD supply two like-for-likè quotations for each item from different suppliers and evldence of rtnershIp funding18rants will be provlded for a maximum of 75% of the project costl. Ground maintenance Brants were also received to upgrade facilitie5 these were received for a maximum 50% of the project costs but capped to a maximum of £25,000. 15. RELATED PARTY DISCLOSURES There were no related party transattions for the year ended 30 June 2024. Page 12
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