REGISTEREO COMPANY NUMBER: 08389317 {EnEland and Wales) REGISTERED CHARITY NUMBER.. 1170417 REPORTOFTHE TRusfEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2015 FOR ASFORDBY FOOTBALL CLUB LIMITED 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 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 8 to 14
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 IUNE 2025 The trustees who arp also directors of the charity for the purposes of the Companies Act 20D6, prèsent their report with thÈ financial statements of the charity for the year ended 30 lune 2025. The trustees have adopted the provisions of Accounting 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 (effective l January 20191. OBJEcfivES AND ACTIVITIES Oblertlves and alms The object of the charity 15 to advance in life and relieve needs of young people up to the age of 18 resident in Asfordby. Leicestershire and the surrounding area through the provision of facilities for the purpose of playing lootball 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 beneflt When reviewing the chzrities objectives and aims. and in planning future activities, the trustees have considered the Charity Commission's general Euidance on public benefit. ACHIEVEMENTS AND PERFORMANCE Charitable activities Thc accounting pcriod to thc 30th lunc 2025 sow thc football club huvc it5 highcst sport participation rotC5 5incc its inccption 05 0 churity. with more than 700 players using the facility from the age of 4 to adult football. We hosted adult team5, inclusive tournament5 and women's football. The overall standard of the leagues that our teams are playing in 15 now the hlghest in our history and is a testament to the many hours that our volunteers contribute, coaching and developing young people. The success of this participation 8rowth and the on80in8 success of our annual tournament enable the Trustees to cap membership fees for another year, de5Plte overall rising costs. Work commenced on a feasibility study to explore funding opportunitie5 to improve the clubhouse facilities. To thls end architects were engaged to carry out an initial study and provide documents for the funders to make initial calculations. We will see this work continue into the future a5 we look to safeguard the facility and it's 'fit for purpose, 5tatU5 lor future generation5. Our future plaD5 for the next period include re-instating the kitchen to provide a food offering during opening times and expanding the portfolio of outside club5 and organisations that use the facility to broaden our customer base in a way that cornpliments the football Page I
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 IUNE 2025 FINANCIAI REVIEW Reserves pollcy The purpose of this policy is to ensure that Asfordby Football Club maintains an appropriate level of financial reserves to safeguard the charity'5 operatlOn5, protect its assets, and support it5 lone-term 5UStainability. Reserves provide a f inancial buffer to manage unforeseen events, fund planned projects and malntaln continuity of 5ervlces In the event of temporary shortfalls in income. For the purposes of this policy, reserves are defined as funds freely available to the charity, excluding restricted funds or desiEnated funds earmarked for specific projects. These are funds that can be used at the trustees, discretion to meet 3ny operational or contingency needs. A5fordby Footb311 Club aims to maintain a mlnimum general reserve of £5.OCO. This amount has been determined as sufficient to.. Cover three of essential fixed running cost5, Including utilities, insurance and pitch maintenance Provide a financial buffer against unexpected reductions in income, such as sponsorship shortfalls or event cancellations. Enable the charity to respond to unforeseen opportunities or emergencies without jeopardising (ore operations. The reserves target will be reviewed annually a5 part of the budgeting and financial planning process. The trustee5 will consider.. Changes in operating costs and income strearns, Risk ossessment outcomes, including potential liabilitles or contingencles. Strategic plans for growth or capital projects that may require additional funds. Rcscrvcs will only bc u5cd.. To cover temporary cash flow shortfalls. In genuine emergencie5 or unforeseen circumstances affecting the club's operations. To fund projects or activities agreed by the trustees that align with the charity's oblectlves and cannot be funded from restricted or project-specific funds. Any decision to use reserves must be formally approved by the trustees and recorded in meetin8 minutes, including a plan to replenish reserves to the agreed target. The level of reserves will be monitored throughout the year as part of regular financial reporting to the trustees. Annual accounts will clearlv identify the level of reserves held, and the trustees will report on compliance with this policy. This Reserves Policy was approved by the Board of Tru51ees of A5fordby Footb311 Club on 1st September 2024. It will be reviewed at least once every three years or sooner if significant change5 to the charity's a£livitie5 Qr financial circumstance5 occur. As at 30 lune 2025 the charlty had unrestricted reserves of £49,407 of which cash at bank was £35,858. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity 15 controlled by 115 rnernorandurn and article5 and constitutes a lirniled company, limited by guarantee, a5 defined by the Companies Act 2006. In the event of the company being wound up member5 are required to contribute an amount not exceeding £1. Re¢ruitment and appointment of new trustees The directors ol the company are also charity trustees for the purposes of charity law. They are appointed in accordance to Article 22 from Articles of Association documènt. All trustees give their time voluntarily and receive no benefits from the charity, with thè exception of one trustee who receiv&s a salary. Risk 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. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Cornpany number 08389317 IEngland and Wales) Reglstered Charliy number 1170417 Page 2
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 REPORT OF THE TRUSTEE5 FOR THE YEAR ENDED 30 IUNE 2025 Registered office Asfordby Acres Hoby Road A5fordby Melton Mowbrav Leicestershire LE14 3TL Trustees Ms S L Wilson IresiEned 24.6.251 S M Atherley Ire5igned 8.10.251 Mrs l L Hill IresiEned 24.6.251 Mrs N A Mann (resigned 24.6.251 L Elford (appointed 24.6.251 Ms R Barker-Ivan5 (appointed 23.6.251 Ms K Baker (appointed 23.6.251 O Franklin Ms S Barnes (appointed 8.10.251 lTrdependent Examiner Niall A. King51ey FCA Duncan & Toplis Llmited 26 Park Road Melton Mowbray Leicestershire LE13 Ift Approved by order of the board of trustees on 30 March 2026 and signed on its behalf bv: L Elford Trustee Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ASFORDBY FOOTBALL CLUB LIMITED Independent examiner's report to the trustees of Asfordby Football Club Limited 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 2025. 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 requirement5 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 eligible 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 carrying 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 giving me cause to believe.. accounting records were not kept in respect of the Compan¥ as required by Section 386 Df the ZOL Act,. or the accounts do not accord with those records-, or the accounts do not comply with the accounting requlrements of Sectlon 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 examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for ounting and rcporting by charitics lapplicablc to charitics prcparing thcir accounts in accordance with thc Financial 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 thls report in order to enable a proper understanding of the accounts to be re3ched. Niall A. King51ey FCA Duncan & Toplis Limited 26 Park Road Melign Mowbray Leicestershire LE13 Irt 30 March 2026 Page 4
ASFORDBY FOOTBALL CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30JUNE 2025 2025 Total fund5 2024 Total fund5 Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Charltable actlvltles Football club Sports facilities and bar 76,548 101,946 76,548 101,946 97,455 115,113 Investment income Totsl 178,496 178,496 212 568 EXPENDITURE ON Charitable a¢tivities Football club Sports facilities and bar Total 48,232 125,683 173,915 48,232 125 683 173,915 82,937 148 038 230,975 NET INCOMe/iExpeNDITUREI 4,581 4,581 118,4071 RECONCILIATION OF FUNDS Total fund5 brought forward 44,826 3,676 48,502 66,909 TOTAL FUNDS CARRIED FORWARD CONTINUING OPERATIONS All income and expenditure has arlsen from ccntlnulng actlvltles. The notès form part of these financial statements Page S
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 STATEMENT OF FINANCIAL POSITION 30JUNE 2025 2025 Total funds 2024 Total funds Unrèstricted fund Restricted fund Notes FIXED ASSETS TanEible assets 21,244 21,244 23,161 CURRENT ASSETS stocks Debtor5 Cash at bank 4,199 8,301 35,858 48,358 4,199 8.301 39,534 52,034 4,199 5,058 39,702 48,959 io 3,676 3,676 CREDITORS Amounts falling due within one year li 119,7971 119,7971 121,6551 NET CURRENT ASSETS 27 304 TOTAL ASSETS LESS CURRENT LIABILITIES 49.805 3,676 53,481 50,465 CREDITORS Amounts falling due after more than one year 12 13981 13981 11,9631 NET ASSETS FUNDS Unrestricted funds Restricted fund5 TOTAL FUNDS 48 502 14 49,407 3,676 44,826 3.676 48 502 The charbtable company15 entitled to exemptlon from audlt under Settlon 477 of the Companles Act 2006 for the year ended 30 lune 2025. The rnembers have not required the company to obtain an audit ol its financial statements for the year ended 30 lune 2025 in accordance with Section 476 of the Companies Act 2006, The trustees acknowledge thelr responsibilities for ensuring that the charitable company keeps accountlng records that comply wlth Sections 386 2nd 387 of the Companies 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 Sections 394 and 39> and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. Ibl The notès form part of these financial statements Pa8e 6 continued...
ASFORDBY FOOTBALL CLUB LIMITED IREGISTERED NUMBER.. 083893171 STATEMENT OF FINANCIAL POSITION- continued 30JUNE 2025 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 Trustees and authorlsed for Issue on 30 March 2026 and were signed on Its behalf by: L Elford Trustee The notès form part of these financial statements Page 7
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 IUNE 2025 GENERAL INFORMATION Asfordby Football Club Limited is a private Charitable Company Limited by Guarantee registered in England and Wales. The charity's registered number, company re6istration 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. Goin8 concern The Trustees consider that use of the going concern assumption is appropriate, Flnancial reportlng slandard 102 - reduced disclosure exemptions The charitable cDmpany 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 requirements of Section 7 Statement of Cash Flows, Debtors and credltors Debtors and creditors receivable J payable within one year Debiors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Anv 1055es arising from impairment are recognised in expenditure. Income All income is recognised in the Statement of Flnancial Activitles once thg charlty has entitlement to the funds. it 15 pmbable that the income will be received and the amount can be measured reliably. Income from government and other grants is recognised at fair value when the charity has entitlement after any performance conditions are met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Expenditure Liabilities are recognised as expenditure a5 soon as there is a legal 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 reliably. Expenditure is accounted for on an accruals basis and has been classified under heading5 that aK8re%ate all c05t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activitie5 on a basi5 cons1Stent with the use of re50urte5. Tangible fixed a55ets Depreciation is provided at the following annual rates in order to wiite off each asset over it5 estirnated useful life. Improvement5 to property Plant and machinery IO% on c051 33% on c051 Inventorie5 Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items. Taxation The th2rity is exempt from corporation tax on its tharitable attivities. Pa8e 8 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2025 ACCOUNTING POLICIES- continued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee5. Restricied funds can only be used for particular restricted purposes within the objects of the charity. Restrictions 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 8rants Government grants relatinB to revenue are recognised as income on a systematic basis over the period in which the related costs for which the Erant is intended to compensate are recoRni5ed. Government grants receivable for the purpose of giving immediate financial sUPPOrt to the entity with no future related costs are recogni5ed as income in the period in which it becomes receivable. INVESTMENT INCOME 2025 2024 Interest receivable NET INCOMEIIEXPENDITUREI Nct incomc/lexpendlturcl Is stated aftcr chargSng/lcreditlngl.. 2025 2024 Depreciation - owned assets Surplu5 on disposal of lixed a$5ets 3,240 3,481 TRUSTEES. REMUNERATION AND BENEFITS 2025 2024 Trustees, salzries Mrs J L Hill £8,637.45 and C.Wllson £500 were paid for provlding servlces In the Clubhouse. These were paid in accordance with the Articles of Association and conditions in Section 6.2. and section 185 of the charities act 2011. TN5tees' expense5 There were no trustee5' expenses paid for the year ended 30 June 2025 nor for the year ended 30 lune 2024. Pa8e 9 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2025 STAFF COSTS The average monthly number of employees during the year was as follows.. 2025 2024 Directors Employees No employees received emoluménts In excess of £60,000. COMPARATIVE5 FOR THE 5TATEMETr OF FINANCIAL ACTIVITIE5 Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charltable actlvltles Football club Sports facilities and bar Total 95,158 115,113 210271 2,297 97,455 115,113 212 568 EXPENDITURE ON Charitable activities Footb311 club Sports facilities and bar Total 83,351 149 003 232,354 14141 9651 1,3791 82,937 148 038 230,975 NET INCOMEIIEXPENDITUREI 122,0831 3,676 118,4071 RECONCILIATION OF FLINDS Total funds brought forward 66,909 66,909 TOTAL FUNDS CARRIED FORWARD Page 10 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2025 TANGIBLE FIXEDASSETS Improvements Plant and rnachinerv property Totals COST At I july 2024 Additions At 30 June 2025 DEPRECIATION At I july 2024 Charge for year At 30 June 2025 NET BOOK VALUE At 30 June 2025 At 30 June 2024 27,902 1,323 29,225 25,996 53,898 1,323 5,167 25,570 354 30,737 72 426 STOCKS 2025 2024 Stocks io. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Debtors Pre.payments 6,139 2,961 2,097 ii. CREDITOR5: AMOUNTS FALLINfj DUE WITHIN QNE YEAR 2025 2024 Bank loans and overdrafts Isee note 131 Creditors Soclal security and other taxes Other creditors Accrued expenses Deferred government grants 1,565 1,528 6,291 3,366 665 2,505 6,941 1,116 3,786 Page 11 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2025 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 131 398 13. LOANS An analysis of the maturity of loans is given below.. 2025 2024 Amounts falling due within one year on demand.. Bank loans Amounts falling betweèn one and two years= Bank loans - 1-2 years Amounts falling due between two and five years.. Bank loans - 2-5 years 398 398 14. MOVEMENT IN FUNDS Net movement in fund5 At 30.6.2S At 1.7.24 Unrestrlcted funds General fund 44,826 4,581 49,407 Restrlcted funds Footb811 club 3,676 3,676 TOTAL FUNDS Net movement in funds, included in the above are as follows.. Incomin8 resoLJrces Resources expended Movement In funds Unrestri¢ted funds General fund 178,496 1173,9151 4,581 TOTAL FUNDS 178 496 173 9151 Page 12 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2025 14. MOVEMENT IN FUNDS- continued Comparatives for movement In funds Net movement in funds At 30.6.24 At 1.7.23 Unrestricted funds General fund 66,909 122,0831 44.826 Restrlcted funds Football club 3,676 3,676 TOTAL FUNDS 18 4071 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement ii) funds Unrestrlcted funds General fund 210,271 1232,3541 122,0831 Restrlcted lunds Football club 2,297 1,379 3,676 TOTAL FUNDS 212 568 230 9751 Rejtrlrted funds The incoming grants for the football club consist of pitch improvement gfants from the Football Foundation as well as a pitch machinery grant. Pitch improvement grants support clubs and leagues to provide better guality gra5S Pitches, Clubs and leagues can apply to secure grant to PLJrchase materials and engage professional contractors over a six-year period, increasing the levels of maintenance work carried out on their grass pitche5, Wlth an aim of improving the quality to 3 'Good' standard or abovè. Pitch machinery grants enable clubs and organisations lo purchase machinery and equipment recommended in their Pitch Power assessment report. Machinery and equipment may be new or used and all applicants will be required to supply two like-for-like quotations for each item from different suppliers and evidence of partnership funding (grants will be provided for a maximum 0175% of the project costl. Gro¢Jnd maintenance Erants were also recelved to upgrade facillties these were recelved for a maxlmum 50% of the prolect cosis but capped to 3 maximum of £25.000. Page 13 continued...
ASFORDBY FOOTBALL CLUB LIMITED NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 30 IUNE 2025 Is. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 lune 2025. Page 14
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