Charity règistratlon number 1174370 Company reglstratlon numb¢r 08191197 (England and Wales) CHESTER FC COMMUNITY TRUST LIMITED ANNUAL REPORT AND UNAuDifED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Hargreaves & Woods CHESTER FC COMMUNITY TRUST LIMITED CONTENTS Page Legal and 8dmlr*slrative infomiatlon Tw5tees' report Ir¢dependent examlne¢s retK)rt Sl2tem8nt ol financ181 actlvilies Balance sheet Notes to the fin￿rA81 ¥lalemenl8 CHESTER FC COMMUNITYTRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrMKDay M8 S W Pearson Mr D R Evans Mr M J Mekers Mr M J Wllliams Mr C G Robertson Charlty nurnbgr 11743TQ Company number 08191197 Prfllclp81 ￿ddr￿$ D8va St8dlurn Bumpers Lane Ch&sler CH14LT Regislered offlco Deva Stadium 8umpgrs Lgne Chestoi CHI 4LT Independent èxamlngr James Aargreaves FCA Cholmondcley House Deè Hdls Park Chestsr Ch8shir8 CPf3 SAR CHESTER FC COMMUNITY TRUST LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 3q MAY 2023 The IrusleÈs present thelr annual report and f￿ancIal slatemBnt5 for the year endvd 31 May 2023. The financial staternenls have be8n pr8par8d in accordanca with the accounting policies set out in nolg 1 to th9 fin8ncial slatern&nts and comply with thg charitKs Igoveming documentl, the Companies A¢t 2006 and 'A￿Ounting and Rèporting by Charslies.. Statèrnent ol R¢¢omtnendetJ Pra¢tice applicable lo charilies pieparing their accounts in accordan￿ wlth the Flnancial Reportlng Standard appI￿able In the UK and Republle of Ireland IFRS 1021 18ff8clivè 1 January 20191. Oble¢tSveg and aGtlvl¢l¢$ Thè charilws objoctives arè'.- To promote for the benefil of the inhabilants of Chester and thg 8wrounding areas the prcwl3ion of facili￿88 for r8cra8tion or other bisu¥e lime occupation of individuals who have n88d of 8uch f&cih'li88 by re880n of their youth, age, inf rmity or dlsablement or for the publi¢ at large in the inleresls of soual welfare and with the objed of improving th& condition of life of the said inhabitanls. Without pr8judic8 to th8 g8n8r81ity of th8 foregoing by the provision of the opportunlty to p8rtiCiP8te in sport of footbal in 811 ways and 8ccordinG to all 8brlit18S. To proiocl and preservo th8 health of people in Chesler and the surrounding a¥eas in such ways 88 the Trustees thlnk fit, Includlng Ibul wYÉhDUt preludlce to the gBnerallty of Ihe foregolrtgl by he operatbn of healthy 16festyle For the publlc benefit to promote the educadon lincludlng Soclal and physlcal tralnlngl ol pgople In Chosler and the suffounding ar•as in such ways as the Trustees think fil.. Ith8 Trust88s havè taken into con8id8ration the Charity Commlsslon guldance on thls.) Such ol olher èxdusively ¢harilabla purposes as the Tru818e8 in thew absolute disu8tlDn may detemnin8 from lime to limÈ. Ach5evements and porfomian¢o Sbnrfl¢antaclivltieS 8nd &ch￿v￿M￿nts 898insI obi6Cttves During this reportinq pgriod, ChÈster FC Communty Trusl eontintted to b&nefit cornmun1l￿S across Ch8st8rand Cheshlre West throvgh the delivgry of a wide rang8 of prol8cts gnd aclfvitbs. The TIu5t delivers Lx)Ih managed pro9rammes ajvl cotnmi$sionod services. working wilh a numbeT of partner organisations to én8ur8 its prograFntne of work responds lo local need5. The Trust's attiviliè$ support communitlès bas￿ in Ch88t8r and its surrounding a￿a$ wllhDUt prejudice on Ihe basis of race. sex, gender, ethnicity. ￿ligIon or disability. Th8 Tn15t currently employs a total of 18 lull timè. part bme and tasual staff who are ￿SponSible for ensuring the deliv9ry of high-quallty GoathlTr9. eduGation. 5ociBI inclusivn tifiTJ Iwdllh & w&llbelng Inltiatlves throughout the community. Th880 activiQes includ8'. supporting primary 5chooJ5. t8achers, Staff and pupils lo enhance atKJ impFove the delivery of PE and school sporl,. wod(ing with partners to 5UPPOrt adulls experlenciny a mental health problem or hctBel£ssnèss lo sustain healthy and positiv8 lilastyl&s,- angsging oldar people wi ex&r¢iso and wellbèing activities Including walking f(x)Iball tD Improve health and wellbelng and reduce soclal Isolallon. supportlng chlldren and aduEt$ lo participat& in physic81 aclivity thfough a varied football and sport development programmo including women's and glrts. football. schjol hollday PTOVi5I￿. playerdevelopEnent centre5 and Mlni KEcketS 5e55iOtI5. The IruslÉes are grat8ful for the support encouragement recelved Imm the Trust's lunding partners. W￿)Se investmènt 8nabl88 lh8 charity lo hava a PDsilvè, lastin9 impact in Ihe eommunity. CHESTER FC COMMUNITY TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUEDI FOR THE YEAR ENDED 31 MA Y 2023 Fln8ndal levlow The l¥uslees IEmain commitled 10 8nsurin9 the Susta￿abIll1Y of the Trust and is giateful for the in•kitKI Sitpport ol Chester Football Cknb. During this reporting perfod. The Tru8t r8POrted 8n op8r&ting surplus of£438,600. Total Incom8 was £586,819 plus £296,000 released from deferr8d funding againsl an expenditu￿ 01 £424.219. Grants and donalions lolalled £455,038. Yhe TnJ8t ￿cE1V88 fundlng from a range ol partne15 With dlffering paymernl cycles. Regular r8Wi8ws ale und•rlak8n lo ensur8 cash now is managed. The Trust continues to work to id&nlfy lunding str8arn8 whld) meet its slrategk pKgn. Re$8nJ8sptsIicy The Iru5tee8 con51dBr an £ppropriale re58rv8, ￿5¢h Ero not Inve518d in fixed a$$el8. 8hould bB 5uffi¢ient to me&1 81 le88t three months of operaling costs. As of 1st Jun8 2023, Ihè Tru81 had ffjSBrv8s of £528,982. Plans for futurg porlod¥ The Trust has plans to oxlend ils work thrtsugh incremental growth to further 8UPPOrt our commwSlles. including an exp8nded post-16 8ducalion programme and additronal health and wellbelng provlslons. Que lo the succ8ss of King George V Community Sports Hub, the Trust Is eKployOng Ihe potentlal lor addlllonal lacillt16s, whlch would be availablé fui local groups and clubs to access. The Trvsl has made progress In slr8ngthening tis monllorlng and 8valuolion sys18m$ &tKI this wll continue over (he next 12 months, along with enhancing its I1￿￿nce fvnclion 10 8nsur9 Ihe charity's Conlinued sustainability. strtsGturo, governance and man49ornent The ¢harfly1g a eompany Ilmited by guarantee and governed byArbdes ofAssooc4ation. The Irusteg5, ar8 also the dirgclors for Iho purpose of CDTnpany18w. and who 88rved during the year and up to the dale of Signatu￿ of the finanoial 818lemenis wefv.. MrMKDay M5 S W Pearson Mr P BodmEn Mr D R Evans r M J Vlckers Mr M J Williams Mr C G Robertson IR86ign•d 30AUg￿l 20231 R8cmltmentand 8ppointmenlof tmstees Ttustees sre apolnlodby iesolutionof Irusleès as lo￿ out h) thè Artldgs Of A53wlallon. None of the trustees has any beneficial Interest In the company. All ol Ihe trust8es are rTrembers of the company and gua￿nteE to wlltribute £1 In Iha èvenl of a wmiding up. CHESTER FC COMMUNITYTRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MAY2023 The fwstees, rep)rt was approved by the Board ofTrusteg$. MrMKDay Dlrector Mr M J Vlck9rs Dlréctor 12 k43rch 2024 CHESTER FC COMMUNITY TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESTER FC COMMUNITY TRUST LIMITED I report lo th8 trust8es on Efy 8X8rnÉn8ti(M) of th9 financt41 st818m8nls of Chester FC ComrnuTrty TTus1 Liwnit8d Ilho chafityl th8 y8ar 8nd8d 31 May 2023. R05PQll51bllltles and ba615 of report AS tho Irustoos ol the ¢hallty land also Its directors lor the purpose6 of company lawl you are responsible lor the preparallon of the financlal statements In aG¢ordan¢e w51h the requlrements of the Companles Act 2006 (the 2006 A¢ll. Having 8atlsfied my5È1f Ihat the financlal st8t2menls of Ihe charlty are not requlrÈd to be audiiÈd under Part 16 of the 2006 Act and ar£ eligibl& for ind8pendenl oxaminalion. I report in resp&ct of n]y 8xaminattDn of th8 charity's f nan¢ial 5t3tements carrie(J out under sedlon 145 of Ihe Charilles Act 2011 (the 2011 Acll. In Carrylng out my examination I have folltswad all appticatrA6 Dirèctions 9iv&n by Ihe Charily Cornmi8sion under section 14515llbl of titE 2011 Act. Ind8p8ndent •xamlnerf8 Statemont Since the charity'5 gross income ex￿eded ￿50,000 yDur ex8tniner mvsl be a m8mber of a body IlsleJ In s&ctso 14S of thp 2011 A¢t. I tonfirm Ihal l am qualifi&d lo undertake th8 8xamin8lion b￿aUse l am a m8rnb8r of ICAEW. which Ss one of th& listgd bodles. I hav8 compleied my 8xamin81ion. I confirm Ihat no matters have co¥ne to rny aitentlDn in connectv)n ￿1th Ih gxamination glving me lo believe th21 In any material respect.. a¢¢ounling records Wo￿ ntst kÈpt in respect of the charity as r8qUi18d by section 386 of Ihe 20(￿ Act.. or the financial statements do not accord with those record8'. or the fin8n¢ial statsmenls do not cotnply with the accounting reqU1￿MentS of se¢lk)n 396 of the 20(% Act other than any r8quir8m8nl thal the accounts givs a truB and fair view whid) is Thol a mattDr considared as part ol an independent examination.. or the finanoal statements have nol b88n prepar8d in accordart8 with thè mothon5 are ￿vIewed on 8n ongoing basi5. Rewsions to actJ)unting 6slimat8S 8r6 recoonis8d in lh8 p6riod in which the 8Stimate is revi#￿ wh6rè thè revision affècts only that period. or In the perfod of tho r¢visbn and futu￿ peAods where th8 r8V55ion affects both current and lulure period8. Incom• from donatlonB and lega¢l•$ Unrestilclèd R•stfÈ¢ted lun(Is funds 2023 2023 Total Unrestrtct&d R•strieted funds funds 2022 2022 Totsl 2023 2022 Donations and gifts Grants Re¢eivab18 13,332 63,BBO 13.332 737,T06 3,065 16,953 3,085 145,160 673.826 128.207 77.212 673,828 751.03B 20,018 128,207 148,225 Grants recel¥abl• for core activltleB other 63,880 673.82fj 737,706 16,953 128,207 145,160 63,880 673,826 737,706 16,953 128,207 145,160 CHESTER FC COMMUNITYTRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MA Y 2023 In¢ome from charltublo actlvltlg5 Unrestflcted fiEnds 2023 Unre$tri¢t8 funds 2022 8e$slonal fèes Sal8 of goods 27.074 21,993 Soccer Schools Sale of goDés ,360 19.468 Equipment & klt salo$ sa￿ of goods 3,000 35 Schools & Community ¢oa¢hlno Sale of goods 25,347 3.500 111,781 44,996 to_ CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 34 MAY 2023 ExpgndStur9 on ¢harltabl8 actSvlt188 Charltablt actlvltles 2023 Charltablo actlvltlo$ 2D22 Dlract costs Slaff costs DepreElaiion &nd imp8irm8nt Charitabk expendiluie Equlpment & ge￿ra1 costs Charitabk expendiiur8 R8Rt of facilitias Charitable expenditure Llghl & h8at Charitable exp8nditure Insurance Charitable expenditure Oth8r &siablishmenl Charitable expenditure Travtsl Costs Charitable expenditure Legal & professional Charitable expenditure Advorti$ing Charitsbl@ 8XP8ndlture Events Charitable expenditure Computer CD$ts Ch8ritable expBndilure Leaguè f888 & subscriptions Charltabl8 exp8ndlture Repa1rs & maintenance Charitable expandItu￿ Donations Ch8dt8b18 8XP8nthtur8 HMRC late payment chaTge5 t90,571 95.888 15.407 94,492 38,252 4,737 24,251 985 1,117 24 1.283 1,916 239 5.394 839 56 20,S23 1.816 1.071 1.377 1.567 10,413 75,109 2,038 4.548 216 13 420.557 174,075 Shore of 8upport gov•rnan¢¢ costs {880 notè 61 Gov8rnan¢o 3.662 4,834 424.219 178,909 Analysls by fund Unrp%tricled funds R8$trielèd funds 58,444 365.775 50,981 127,928 424.219 178,909 Support ¢ost8 allocated to 8ctlvltlos 2D23 2022 Govemance cost3 1fj62 4,834 Analy5Ed between.. Charitablè è¢livitlaG 3,662 4,834 CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y2023 Support ¢o$19 allocated to a¢tlvltlg9 Icontlnuedl 2023 2022 Gov$rnanc8 ¢0St$ comprls*-. Indgp8ndant Examinat￿ 1889 Other accountancy fegs 1,768 1.894 1,768 3,066 3,662 4,834 Trustses None of th8 trust885 Iw any POTsoll5 COnllECted wlth them) ieceived any retnuneFal¢on or benelits frorn the charily ¢Juring the y8ar. Employeos Th8 av8rag8 rnonthly number of employees during th? y¢arwas-. 2023 Number 2022 Number Admln and coaGhlng 12 Employmgnt co¥ts 2023 2022 Wa￿S and 8alari8S Soci81 securfly costs Other penston w818 180.858 6.787 2,926 91,875 1,158 1,459 I￿,571 94,492 There werg no ernpbyees bvhose annual ￿ThUneration was trtDrp thon £80,000. Thxatlon The charfty Is exernpt from laxalion on its 8¢livi￿￿ b8c8us8 911 tts incom8 is applied for ch&rilaLqg purpose¥. 12- CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 31 MAY2023 10 Tanulble IIM8d ass8ts L¢asehold Flxmres ImprovgmonfF fittln96 Tolal Cost At 1 June 2022 Addillons 144,289 258.914 12.922 9,878 157.211 268.192 At 31 May 2023 403.203 22.800 426,D03 Deproclatlon and Impalrment At l Jun8 2022 Dcproclalion Charged In th8 y8ar 36,072 91.783 6,379 4,105 42,451 95,888 Ai 31 May 2023 127,855 10,484 138.339 CBrrylng amouAt At 31 May 2023 275.348 12.316 287.664 At 31 May 2022 108,217 e.544 114,761 11 Credltors: zmunts falllng duè wmhln one year 2023 2022 Nots8 Olh8r taxation a￿1 sock?1 s8curity DeferreLI incom Trade creditors Other ¢reditor8 Accruals and deferred Income 2.322 3.630 296,000 12 50D 652 3,265 486 4,657 6,739 304,773 12 Deferrfj(l income 2023 2022 Olherdeferr9d Inco 296,000 Deferred Incotna Is Inc4uOed In the Ilnandal slatemenls as Wow$.' 2023 2022 Dele￿d income Is included within.. Current lablllles 296.000 Movements In ￿ year.. 13- CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MA Y 2023 12 Deferred Inoom Iconllnuedl Deferred incom6 at 1 Jung 2022 Rel88sed from previvus periods Re8ource$ defer￿ in Ihe year 296.￿0 1296,OODI 240.000 56,1)00 Deferred income al 31 May 2023 296.000 13 Rèstylcted fund$ The reslrictad funds of the charity comprtse thè unèxpended balances of donal¢ons 8nd grants held on Irust suble¢l to specific Gonditlon5 by donors as to how they may be used. At 1 Jyng 2022 Incomlng r•sour¢e* Resources expended Transfers At 31 May 2023 C08ching & Sports Hub 17.364 673,826 1365.1151 1275,5301 49.885 Provlous y•ar. At 1 Jung 2021 Ineomlny resources Rgsouroe5 expendBd Yransfors At 31 May 2D22 Coachlng & Sports Hub 17.085 128,207 1127,9281 17,364 Some grants are resliictod ITr th8t Ihe fynds must bo used towards delivery cost& the restrfcl￿ns are 2graed in th@ individu81 terms and conditions 8s pail ol Ihe grant offer. This can indude slaff cosls,f8cililies, kit. equipment.tran5POrt, training etc. At 31 May 2023 L49.885 of restrlGted funding was held vnspent lor future proj8cis. Transf8rs Irom r8slrict8d funds ara fhè costs sp&nt on the spor(s hub which were pot allocAt8d through fixed assets. Income has bcon Incro898d duo to the deferred fundlng released In the year. 14 Unrèstrltteil funds The unrestrlcted lunds of the charity comprise the unexpended balances of donations ard grants whlch 3r6 not subject to sp&cifi¢ ¢ondilion8 by donors and grantors as lo how Ihèy may bè used. These includo des¢ona18d fvnds which have b88n set aslde Cmjt of unrestricted funds by the triJ8tees for specific purpos&s. At 1 June 2022 Incoming resources Re$ource$ expended Transfers At 31 May 2023 G8net81 funds 73.D18 188.993 158,4441 275,530 479.097 Ptsvlous ￿*r.. At 1 Juno 2021 Incomlng resources Rosour¢•s 8xpand Tran5fgrs At 31 May 2022 Genero1 funds 58,985 e5.014 150,9811 73,018 14- CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2023 15 Analysls of net 8$$ets bglween funds Unreslrl¢l8d funds 2023 Restrlcted funds 2023 Total 2023 Fund balanc•s at 31 Play 2023 ar8 rspresented by: Tangible assets Curr8nt assetsllllabllitles 134,372 344,725 153,292 1103,4071 287,664 241.318 479.097 49,885 528.982 Unre5triclèd funds 2022 Rèstrrct•d funils 2022 Totsl 2022 Fund balan¢g5 at 31 May 2022 ate repre58ntgd by- Tangibl@ as8ets Current asselsllliabililiesl 2.032 70,986 112,729 195.3651 114,761 {24,3791 73,018 17,364 90.382 16 RèFated party tran$a¢tlon$ There wer& no dlsdos8b18 T8lal8d party Iransaclons durlng the yfrar12022- ￿ne1- 15_