| Trustees | Timothy Chenery | Timothy Chenery |
|---|---|---|
| Robert Boulter | ||
| Alan Newell | ||
| Charity number | 1173048 | |
| Club contact details | Mr TChenery | |
| 10Teasel Road | ||
| Attleboroug | h | |
| Norfolk | ||
| NR17 1XX | ||
| Accountants | Gascoynes | |
| Gascoynes | House | |
| Moseleys Farm Business Centre | ||
| Fornham All |
Saints | |
| Suffolk | ||
| IP28 6JY |
| Page | ||
|---|---|---|
| Trustees' report |
1-4 | |
| Statement oftrustees' | responsibilities | |
| Independent examiner's report |
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| Statement offinancial | activities | |
| Balance sheet | ||
| Notes tothe financial | statements | 9-13 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| 2023 | 2023 | 2023 | 2022 | |||||
| Notes | ||||||||
| income from: | ||||||||
| Charitable activities |
39,777 | 5,187 | 44,964 | 47,274 | ||||
| Investments | 43 | 43 | 1 | |||||
| Total income | 39,820 | 5,187 | 45,007 | 47,275 | ||||
| Expenditure on: |
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| Charitable activities |
41,635 | 12,707 | 54,342 | 38,449 | ||||
| Net (expenditure)/income | for the year/ | |||||||
| Net movement | in funds | (1,815) | (7,520) | (9,335) | 8,826 | |||
| Adjustment for |
ground | rent | (1,2GOj | |||||
| Fund balances | at 1July | 2022 | 7,424 | 12,998 | 20,422 | 11,596 | ||
| Fund balances | at30June 2023 | 4,409 | 6,678 | 11,087 | 20,422 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| Current assets | |||||||
| Debtors | 1,437 | 863 | |||||
| Cash at bank | and in | hand | 13,668 | 22,164 | |||
| 15,105 | 23,027 | ||||||
| Creditors: amounts | falling due within one year | 9 | (4,018) | (2,605) | |||
| Net current assets | 11,087 | 20,422 | |||||
| Income funds | |||||||
| Restricted funds | 10 | 6,678 | 12,998 | ||||
| Unrestricted | funds | 4,409 | 7,424 | ||||
| 11,087 | 20,422 |
| Accounting policies |
(Continued) | ||
|---|---|---|---|
| Expenditure is recognised once there is a legal or constructive obligation to |
transfer economic benefit | to a third party, it is |
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| probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be |
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| measured reliably. |
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| Expenditure is classified by activity. The costs ofeach activity are made up |
ofthe total of direct costs and shared costs, | ||
| including support costs involved in undertaking each activity. Direct costs |
attributable to a single activity are allocated |
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| directly to that activity, Shared costs which contribute to more than one activity and support costs which are not |
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| attributable to a single activity are apportioned between those activities on |
a basis consistent with the use of resources. |
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| Central staff costs are allocated on the basis oftime spent, and depreciation |
charges are allocated on the portion ofthe | ||
| asset's use. | |||
| 1.5 | Cash and cash equivalents | ||
| Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with |
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| original maturities ofthree months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current |
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| liabilities. | |||
| Financial instruments | |||
| The charity has elected to apply the provisions ofSection 11 'Basic Financial | Instruments' and Section |
12 'Other Financial |
|
| Instruments Issues' ofFRS102to all ofits financial instruments. |
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| Financial instruments are recognised in the charity's balance sheet when the charity becomes party |
to the contractual | ||
| provisions ofthe instrument. | |||
| Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally |
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| enforceable right to set offthe recognised amounts and there is an intention |
to settle on a net basis or to realise the asset | ||
| and settle the liability simultaneously. | |||
| Basicfinancial assets | |||
| Basic financial assets, which include debtors and cash and bank balances, are initially measured |
at transaction price |
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| including transaction costs and are subsequently carried at amortised cost using the effective interest |
method unless the |
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| arrangement constitutes a financing transaction, where the transaction is |
measured at the present |
value of the future | |
| receipts discounted at a market rate ofinterest. Financial assets classified as receivable within one year |
are not amortised. | ||
| Basicfinancial liabilities | |||
| Basic financial liabilities, including creditors and bank loans are initially |
recognised at transaction |
price unless the |
|
| arrangement constitutes a financing transaction, where the debt instrument |
is measured at the present |
value ofthe future | |
| payments discounted at a market rate of interest. Financial liabilities classified as payable within |
one year are not | ||
| amortised. | |||
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
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| Trade creditors are obligations to pay for goods or services that have been |
acquired in the ordinary course ofoperations |
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| from suppliers. Amounts payable are classified as current liabilities ifpayment |
isdue within one year or | less. Ifnot, they are | |
| presented as non-current liabilities. Trade creditors are recognised initially at transaction price |
and subsequently |
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| measured at amortised cost using the effective interest method. |
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| Deiecagni tian affinancial liabiilties | |||
| Financial liabilities are derecognised when the charity's contractual obligations expire orare discharged |
orcancelled. |
| 4 | Employees | ||||||
|---|---|---|---|---|---|---|---|
| There were | no employees | during the year | |||||
| 5 | Charitable | activities | |||||
| 2023 | 2022 | ||||||
| Match fee income | 357 | 31,347 | |||||
| Annual registration |
fees | 5,365 | 5,567 | ||||
| Fundraising | and donations | 3,043 | 5,589 | ||||
| Grant income | 5,187 | 4,052 | |||||
| Other income | 31,012 | 719 | |||||
| 44,964 | 47,274 | ||||||
| 2023 | 2022 | ||||||
| Analysis by |
fund | ||||||
| Unrestricted | funds | 39,777 | 43,222 | ||||
| Restricted funds | 5,187 | 4,052 | |||||
| 44,964 | 47,274 | ||||||
| 6 | Investments | ||||||
| 2023 | 2022 | ||||||
| interest receivable | 43 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Pitch and room hire | 12,399 | 12,589 | ||
| Equipment and kit |
16,151 | 13,620 | ||
| Professional fees, referee fees and fines |
5,599 | 3,948 | ||
| Presentation day expenses |
2,092 | 2,854 | ||
| Pitch improvements | 14,194 | 2,758 | ||
| Insurance | 376 | 366 | ||
| Refreshments | 661 | 477 | ||
| Accountancy | 372 | 534 | ||
| Advertising | 605 | 543 | ||
| Printing, postage and stationery |
119 | 108 | ||
| Website costs | 330 | 330 | ||
| Sundry expenses | 1,444 | 322 | ||
| 54,342 | 38,449 | |||
| 2023 | 2022 | |||
| Analysis by fund |
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| Unrestricted funds |
41,635 | 35,869 | ||
| Restricted funds | 12,707 | 2,580 | ||
| 54,342 | 38,449 | |||
| 8 | Debtors | |||
| 2023 | 2022 | |||
| Amounts falling due |
within one year: | |||
| Trade debtors | 707 | 533 | ||
| Other debtors | 400 | |||
| Prepayments and accrued income |
330 | 330 | ||
| 1,437 | 863 | |||
| 9 | Creditors: amounts | falling due within one year | ||
| 2023 | 2022 | |||
| Trade creditors | 3,164 | 2,001 | ||
| Accruals and deferred income | 854 | 604 | ||
| 4,018 | 2,605 |
| 10 | Restricted funds | Restricted funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| The club holds ringfenced | amounts | ofthe following: | |||||||||
| Money received |
from the Football | Foundation in respect of an |
ongoing | pitch | improvement grant |
with monies only |
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| allowed to | be spent on pre agreed | pitch maintenance works, any monies |
not spent are to be returned to the Football |
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| Foundation. | |||||||||||
| 2019-20 | %1,278 | ||||||||||
| 2020-21 | K3,468 | ||||||||||
| 2021-22 | %4,052 | ||||||||||
| 2022-23 | -%7,520 | ||||||||||
| Total | %1,278 | ||||||||||
| Morley Youth FC has also been putting | aside money for ground | rent owed to Morley | Parish Council | for the hire ofthe | |||||||
| pitches at Morley Village Hall which | has | not been invoiced by the | council over the | last seven years due | toworks in a lease | ||||||
| agreement | between both |
parties being | established. | ||||||||
| Morley Youth FC has put | the expected | rent aside as this is owed | to the Council so this can be settled | once the fees are | |||||||
| agreed. Due to | numerous | staffing changes in the Council and the |
football club, as well | as COVID, this | has caused delays | ||||||
| in getting this finalised. The issue is | now | back on the Council agenda and we are looking | to resolve this. | ||||||||
| 2014-15 | %600 | ||||||||||
| 2015-16 | %600 | ||||||||||
| 2016-17 | %600 | ||||||||||
| 2017-18 | 2600 | ||||||||||
| 2018-19 | F600 | ||||||||||
| 2019-20 | %600 | ||||||||||
| 2020-21 | %600 | ||||||||||
| 2021-22 | %600 | ||||||||||
| 2022-23 | 2600 | ||||||||||
| Total | %5,400 |