## ## ## ## |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||| |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:||||||||| |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| ||probable
that a transfer of economic benefits
will be required
in settlement,
and the amount of the obligation
can be||| ||measured
reliably.||| ||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|| ||directly
to that
activity,
Shared
costs which
contribute
to more
than
one activity
and support
costs which
are not||| ||attributable
to a single activity are apportioned
between those activities on|a basis consistent
with the use of resources.|| ||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||| ||original
maturities
ofthree months
or less, and bank overdrafts.
Bank overdrafts
are shown
within
borrowings
in current||| ||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.||| ||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||| ||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| ||including
transaction
costs and are subsequently
carried at amortised
cost using the effective interest||method
unless the| ||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.||| ||Trade creditors are obligations
to pay for goods or services that have been|acquired
in the ordinary course ofoperations|| ||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| ||measured
at amortised cost using the effective interest method.||| ||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|||| ||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| ||allowed to|be spent on pre agreed|||pitch maintenance
works,
any monies|||not spent are to be returned
to the Football|||| ||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||||||||||