Charity registration nrnr 117437D Company r•gi8tration numbar 08191197 (England &nd Walès) CHESTER FC COMMUNITY TRUST LIMITEO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Hargreaves & Woods
CHESTER FC COMMUNITY TRUST LIMITED CONTENTS Page Legal and administrative information Trustees, ieport Indèwndgnl gxamlnafs report statement of financial activities 8glance Sheet Not¥s 10 the financial slaitrmenls 8.16
CHESTER FC COMMUNITY TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustèes MrMKDay Ms S W Pearson Mr O R Ev8n$ Mr M J Vickers Mr M J Williams Mr C G Rob8rtson Charity number 1174370 CompAny numbèr 08191197 Prlnclpal address Deva Sl?dium 8umpèrs Lanè Chesler CH14LT R•glst•r•d offlc• Deva Stadium Bumpers Lane Cheyl&r CH14LT Independent examiner Jamfjs Hargr¥ave$ Cholmordeley House Dèè Hills P8rk hesler Chèshlrè CH3 SAR
CHESTER FC COMMUNITY TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MA Y 2024 The Iruslees presenl their annual report and financial staiemenls lor the year ended 31 May 2024. The financlal stalemtrnls have been prepartd In accordance wllh the aceounfjng pollcles sel out In note 110 the financlal stal8ni8nts and cotnply with the chariltys governing docum8lll. the Companies Act 2008 and "Accounting and R8POrting by Charities.. Slalement of R8eomm8nded Praclic8 applicabl8 to charit168 pr8paring Iheir accounts in aecordane8 With the Financial Reporn9 Standard applicable in the UK and Republic ol Ireland {FRS 1021. (effective 1 J£nuary 20191. Objectives and activities Th& ¢harltls objectives Afg'.- To prpmote lor the benEfit ol the inh¥bitBnls of CheslEr and the ¥urrounding provi¥ipn of lacilili¢g lor rerroalion gr plherlgisure litng (Kcupalion of individua18 who have nopd of Such facilitlgs by iea8on of Ihgir youth. age, infirrnily or di58bl8tnenl or for lh8 PLJbliG 8t18rg8 in the inl&r8sls of social welfarfj and wilh the obj8cI ol improving th8 condition of life Df the said inhabitants. Withttut prejudice to the generality of the foregoing by the provision of the opportunity to participate in the 5POrt of l¢)Jtball in all ways and according to all abilities. To prot6cl Hn(J pr9saNe tha haalth of paople In Chastar And tha surrounding area$ In such wap Ag Ihè Trustgas Ihlnk flt, Includlng Ibul wllhL)ul prejudice lo generallly ol Ihe I0gOIng) by he operallon of healtry Illestyle Inlllauves. For lh8 public benefit lo prornote the educBtion (including 80cial and physi(¥l Irainingl ol PBDpI8 in Che81er and the Surrounding areas in suth way5 as the Trustees Ihink lil.. Ilhe Trustees hove taken into consider8tior the Charity Commission guidance on thi5.1 Su¢h of olh¢r gx¢lugivgly ch8ri19ble purpoggs as the Trusleg$ in Ihgir gbgplule disaglion rnay d91grwnin& Iiom limg lo limg. A¢hl•vgm•nts and p•rtormAn¢e snIfIC81 &Glivili88 aclii8verrpenls ag&in81 objectives During this r8portsng period, Chester FC Communily Trust has continuod lo bon8fit cornmuniti85 acr058 Chesl8r and Ch8shir8 Wèsl through th8 d8liv8ry 018 range ol proj8cts ond activili8s. The Trust dellvèrs both managed programmes and commissloned seNlc8s. worklng wlth a number ol partner organlsalions lo ensure its piograrnmg of woik respc>nds lo local n¥¥ds. The Trust's activitie5 SUPPOrt cornmunits85 based In Chesl8r and its 8urr¢unding Jre88 without pr6judic8 on th& b88is ol rèce, 88x, 9eNd8r, 6lhnicity, réligion or disabilily The Trust currenuy employs a total 0120 lull time, part tirne and casual staff who a rèsponsible for ensuring the delivery of hlgh44Uollly ¢oaching, gducallgn, $0¢181 indu$ion and hpollh & wgllbging Initialivo$ Ihroughgul th¥ ¢ommunlly. Thèse aetlvillÈs Inclde.. SPpOnE prlmBry schools, tèathèrs, staff Énd pupils to ènhÉncÉ Improvè Ihè déllvery of PE nd sehool sp)rt', youth provSsions lor children and young people wllhin the blaeon aa,. working with partners io support adults oxp¥rittnung a manlal hoalth probltrm or hom¥lassn¥¥s to sustain healthy and pw)silive lilastyles.. accessible filnoss piogranimos including pilales and yogi-. eng8ging oldvjr paopl8 In exercise and w8llb8irng a¢livilitrs including walking loolball lo improve health and wellteing 2nd reduce social isolation., supportirg children and adults to participate in physical activity through a varied lootball and sport developrnenl prograrnrne inclu¢ino VK)men's and girls. Iwlball, school holiday provision, playgr dgveloprnenl ¢entres 8nd Mini KiclEgr8 8gSSlQll$. The Iruslees are grateful for the support and eneouragemeNI reeelved Irom the Trusys funding partners. whose Investmeni enables the charity ID have a positsve. lasts'ng impacl in the community.
CHESTER FC COMMUNITY TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Flnanclal revlew During thi8 18POrting period, The Trust rgport9d an op&ialing loss of £97,687. To181 Incom8 Wa8 £346.244 with total expenditure of £443.931. Grants and donalion5 tolalled £184,506. Th8 Irusl8è5 r9rn8in comtnilt6d tD @nsuring th8 sustAillability ol the Trust. Th8 charity has compl8t8d a larg8 capit81 projgGI bètwèèn 2021 and 2024 al King GrgO V Communily Sporls Hub that rÉquirBd substantial grant funding And tho ineurring significant one-off expenditures, some of which were unforeseen. This project has been Iransformalianal lor the charity an the trustees consider will ensure its lony-term sus1ainability. The Trust recaives fundlng from a wldg rango of partners wlth dlfferSn9 payment cycles. Regular revlews a undartaken to ensure cash ftow Is managed. The Trust contlnues to wor* to Idenllfy new lundSng streams which meet Ils stralegle plan. R95fjrwg5 pglicy Th• Iru$l89s wn$idg1 an approprialg r¥s¥rvg, whi¢h arg not invgstgd in lixgd 9gs¥t$. $hould bg surri¢i¥ni 10 m¥fjl al1¥gs1 thrèo months of opor8llng costs. As 013151 May 2024, Ihe Trust had unrestricted reserves ol £876,299 and restricted reserves Df £54,996 tolalling £431,295 re8erv88. Plan8 lor futur• p•rlod8 The Trust ha5 plaN5 to extEnd its work thruugh inLrErnentdl gruwth to further supp)rt our comrnunlties, incltsding an expanded PD51-16 edu¢alion prDgramme and additional health and wellbgirig provi51ons. Oue to the 5ucce55 pr King George V CornTnUlllty Sp(xls Hub, Ihe Trus1 is also exploring Ihg PDlenli¥l lor additional f8cililies, which would be av8ilable for local groups and clubs 10 8ccess. Thè Trust has mad8 progr8ss In slrongtharning its moniioring and 8valuats.on sy8tani8 and this work will c4)ntinu8 ov8r th& n8Xt 12 month8. along with 8nhancing Its finsJnc• fun0 10 8nsLJr8 th8 charity's conllnu8d sustainablllty. 51ructure, gov•manc• and manag•m•nt rhe ¢harily 1$ 4 limilod by guai4nlg0 ¥n¢J 9overn¢d by Arlicqe¥ ¢1 A$sowi4119Tr, Th• Irusl¥es, who arè also th8 dirèclurs for th8 purpose of company law, and who servad durlng the year and up to dat8 of signaturè ol th8 flnanLyal statem8nls w8ra'. MrlAKDay Ms S W Pe4rson Mr P Bodman Mr D R Evans Mr M J Vickers Mr M J iwllllams Mr C G Rob8rtgon 114eslgnèd 30 Augusi 20231 ReCli1M&t appointn7enl of Inist06S rru51813s ar8 aPOINtedby r8solutlonof trustees 85 18ld out In lh8 Articles of A55oc18110n. None of the trustees h85 any beneflcl81 Inleresl In Ihe compgny. All of the Irustees are members of the cornpany and guarantee to contrlbule £1 In the event of a wndlng up.
CHESTER FC COMMUNITY TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 The 1rusle88' rijport was approved by the Bo8rd of Tru81ees. MrMKD8y Dlroctor Mr M J Virkory Dlrèctor 18 February 2025
CHESTER FC COMMUNITY TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHESTER FC COMMUNITY TRUST LIMITED I report to the Iruslee5 on rny examination of the financial statements of Chesier FC Community Trust Limited (the charity) for the year anded 31 May 2024. Responslbllltles and ba$1$ of report As the trustees of the charity land also its dlrectors for the purposes of coPanY law} you are responslble for thè pr6r01[0rn ol the financial statements In accordance the requirernenls ol the Companies Act 2006 (the 2006 Acll. Having sali5fi8d myself that thè financial stalemsnls ol lh8 charily are not r$quired lo bs auditèd undgr Part 16 01 Ihè 2006 Aci and ara aligible lor ind8p6ndont èxamination, I raport in raspact of my axamination of tho charity's financial slatomanl$ caryiod out under 8èclion 145 of tha Charities Act 2011 Ith6 2011 Act). In carryirg out my examination I have followed £11 tha pplicable DireGts"ons gwen by the Charity Cornmissiov under section 14515llbl of Ihe 2011 Act, Indop•nd8nt examlnorfs st818mènt Since the charrty s gross income exceeded £250,000 your èxaminer must be a rnember of a bo(Jy listed in section 145 DI the 2011 Ad. I confim that l am qualified to undèrtake the examlnatlon because l am a rnemyjer of ICAEW, which is one of the li$l8d bodios. I hav8 mplted my axaminalion. I CnfirTr) Ihal no rnatters hav8 come lo my allention in wnnection with the examination 91ving me cause lo belSeve that Sn any malertal respect.. accounting records were not k8pI In r8SPeCt of the charity as required by SBCtion 286 of ihe 2006 Act., or th8 fin8nd81 st8t&m8nt$ do not gccord with those records., or the linanrAal 5taiements do not comply with accounting requiremenls of secbon 398 ol the 2006 Act other than aTry reqU1me1)I ihal the accounts give a true and lair view which is r)ot a rnalter con¥idered as parl of an ii)dependenl 8xamlnallon'. or the finanal 51atemenls have nol been prepared in acGordanre with Ihg tnElhod5 gnd principle5 ol Ihp SlalEmenl ol Rgcornfflended Prathilg lor accouvling and repLTriling by charitigs applicable lo chariligs preparing their accounts i accor(Jance wrth the Finallcial Reporting Standard 8pplicabl8 in lh8 UK and Republic ol IrBl8nd IFRS 1021. I have no concems 2nd have tome across no other mailers In ¢onncctlen *llh the examlnatlon to whlch attenllon should be clrawn in Ihis r8pDrt In ordor to 8nabl¥ a proptrr underslanding ol the financial siatem&nls lo bts reached. James Horgreaves CholmDnd8lay Housè D¥8 Hills Park Chester Ch8shirè CH3 SAR D8l&d.. 18 Februgry 2025
CHESTER FC COMMUNITY TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MA Y 2024 Unr•$tri¢t¢d R&$trl¢t•d funds funds 2024 2024 Ttstal Unr¥¥trl¢t•d R¢$trl¢tod fur•ds 2023 Tot81 2024 2023 Notes Income from= Donatlons hnd18gacles Charilable aGlivitle5 51,078 161,7 133,42B 184,506 161,738 77,212 673,826 761,038 111.781 212,816 133,428 346,244 188.993 fj73,828 862,819 Expendilurg on: chari18t8 a¢ti¥ili•8 247,894 196.037 443,931 58,444 365,775 424,219 Total •xp•ndltur• 247,894 196,037 443,931 58,444 365,775 424.219 M•t Ineom•ll•xp•ndlturol 135,0781 {62,6091 197,6871 130,549 308,051 438.600 Transl¢rs beh¥een funds 167,7211 67,721 275,530 1275,5301 Met movement In fund5 1102,7991 5,112 19T.68TI 406,019 32,521 438.6 Reconclllatlon of lunds.. Fund balances al 1 June 2023 479,098 49.684 528,982 73,018 17,364 Fund balan¢es at 31 May 2024 316.299 54.996 431,295 479,097 49,885 528.982 The siatemenl of finanbial activilies includes all gains and1058e8 recognised in the year. All income and expendilure derive from ContnUIng acti¥ili•s.
CHESTER FC COMMUNITY TRUST LIMITED BALANCE SHEET AS AT31 MAY2024 2024 2023 Not•8 Flxed assets Tongbble assets 11 280,022 287.664 Current as5et5 t)abtors Cash al bank and in hand 12 5.375 158.22e 248.057 163.601 248.057 Credll?rs: amounts falllng due wlthln one yèar 13 112.3281 16.7391 M•t curront 488?t• 151.273 241,318 TDl&l I¥1* 1&88 eurr$nl118blllt188 431,295 528.982 hlèt atssèts èxeludlng p•nGltsn Ilablllty 431,295 528,982 The fund3 ol the rharlly Re5lricted Income funds Unr0s1ricled funds 15 54,998 37fj,299 49,885 479.097 431,295 528.982 ThETr ¢onip8ny 18 enlilled lo Ihe ex#mplion from the audit r8qLJirom8nl ¢Ohl8iThed in $g¢ti¢n 477 of th? Compahi88 Act 20D6, For th$ ye8r onde¢ 31 May 2024 Thp dir8ctor3 acknowledgg Ihoii iesporbSibilitlgs for Complying with rgquirements of Iho Companie8 A¢1 2006 with rgspgct lo accourbts'ng re¢ords and the preparation ol financial slatemonls. The members have not required the cornpany lo obtaln an audll DI Ils flnandal statemgnts for the year In question In accordan¢e with section 476. These financial statements have been prepared in accordance with the provision5 applicable to cornpanies subject to the sm911 wmpanies r¢gimo. The flnandal 6toternentS Were 8pprov8d by the trustees on 18 February 2025 MrMKDay Dlrector Mr M J Vickers Dlr8Ctor Company reg15tration nurnber 08191197 (England and Wales)
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MA Y 2024 Accountlng pollcles Charlty Informatlon Chester FC Community Tiu$l Limited 1$ 8 priva18 ¢ompany Iimi18d by guarantse incorporal8d in England and Wal0$. Th6 regisl8r8d offie8 18 D6v8 Sl8diuM, Bumpèrs L8nè, Che$t8I, CH1 4LT. 1.1 Accountlng conventlon The financ131 stalements have been prepared in aecordance with Ihe charity's goveming docLJment, the Companies Act 2(VJ6. FRS 102"The Finallcial Reportlng Standard applicable in Ihe UK and RepubliG ol Ireland. I'FRS 102.1 and the Charities SORP 'Ac¢ounting and Repoiling by Charitie8'. 9tement ol Recommendèd Practscp applicablg lo charilies prep8ring their 8ccount$ in 8c¢ordanc8 wilh the Fin8Th¢ial RèFM)rting S18nd8rd 8ppIic8bl8 in thg UK 8nd R&publi¢ of Irelarnd IFRS 1021 ieffeclive 1 January 20191, The charity is a Public 8enefil Entily as défined by FRS 102, Th8 ch8rily has 18ken advan18 of the provisions in the SORP for ch8rili&s not lo prepare a StBt8menl ol C8sh Flows. The financial 81alemen18 are prepar8d in starling, which is Ih8 funelional curr8ncy of th8 charity. Monetary amounts in these financial slalements a rounded lo the nearest £. The financ18151alements have been prepared under the hi5tOriC81 c05t convents'on. The principal accounting policie5 adopted are sel out below, 1.2 Golng concom Al the liffle ol approving Ihe fingncial slalernents, the trus1995 hve a reaBonable eXptatiOn Ihal the ch8rily has adequate r88ources to contlnue In operalbn81 exSsleTrce for the foresg8able fiJtUT8. Thu8 the trustees continue lo adopt the going concern basis ol accounting in preparing the linanci£l stalemenls. 1.3 Charltable fvnds Unreslricled funds ar8 availabl8 for u88 ai th8 discmtlon ol th8 truslees in lurthoranco ol Ih8ir charitable objecliv88. Restricted fund8 ar8 6uL)jeot 10 8pecific condilion8 by donory or oranlor8 a8 to how they may b8 U8ed. The purposes and uses ol the restricted funds are set out In Ihe notes to 1he financial stalernenls. Endowment funds Bre subject to speclflc conditlons by donors th81 the eAplt£l must be mslntslned by the chadty. 1.4 Income Incomè ig r£Tr¢0gnid whgn Ihg (*arily 1$ Iggally gnlilloj Ick il 4ftgr any p9rlorman¢g condilion$ have bggn met. Ihg srnounls cBn be m8&sur&d rallably. and It Is probablè that Incom@ wlll ba r8cÈlv8d. C8sh donations are r8trfjgnisEd on rectsipt. Olher donations ore recognised oneÉ th8 tharity has b88n nolrfied of th8 donation, unless pertormance condllions requlre deferr81 ol the amount. Income tax reeoverable in relatlon io donatlons received under Gfft Ald or deeos Of ttovenanl is reeognised at tt)e timè ol the donatlon. LegaGies arE re¢ogni5ed on receipt oi olherwise if Ihe Gharily has been nolified of an impending distiibulion. the amount is known. and r0¢8ipI 1$ ¥xp¥¢led. If Iho amounl is not known, Ihe It)ga¢y ig Irè•tod as a nting0( as¥el.
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accountlng pollGI•6 {Contlnu•dl 1.5 Expendlturè Exp&ndilur8 Is rgnised oncg Ih8re is a1gg81 ar con51rucliv8 obligation to transfgr 8cullomic bgngfit la a third parly. it Is probable that a transfer of econamic benefits wlll be qUIred In setllemerl. and the amount of the obllgatlon can be measured rella¥Jly. Exp8ndilui8 is cla55ili8d by aclivily. The cos15 of each activily 8r8 m&de up of the lot81 of dir8cl costs 8nd 5har8d cosis, including support costs involv8d in undertaking 8ath activity. Dir8cI costs attributab18 to a single activity are allocat8d directly to Ih31 activity. Shared costs which contribLrte to mDre than Dne activity and support cos15 whith are not attributable lo a sin9le activity are apportioned between Ihose activilies on a basi5 corisistenl with the use ol re50urce5. C8ntral slafl cost8 ar8 allocal8d on th& basi8 of lim8 sp8nl, and d•pioclation charges ar8 allocat•d on the poriion of th8 ass81's us8, 1.6 Tanglbl& Ilx•d assats T Anglble fl¥a(J assals ara Inltially mèMsur8d Al cost 8nd subsèquènlly m•Asurgd at cost or vAluatlon, ol d8preciAtlon and any Impairrnenl lo55e5, Depreclallan Is recognlsea so as lo write ofi u)e cost or valuallon ol assets less Ihelr resldual valués over thelr useful lives on th8 following bases.. L8888hold irnprovom8nt8 FiKlurgs and Iilts'ngs 2S% reduang balance 25)A redu9 balance Th8 gain or loss arising on th8 disw)8al of av asset Is determined as Ihe differenoe beiwgen the sale proceed8 and the arrying value ol the a88el. and is re(x)9nis8d in the stal8m8nl of financial activi1188. 1.7 Impalmient olllxed assfrts Al each reporung end cjale, the charity revlews the carwng amournls ol Ils tangible assets lo determlne wtrether there is any Indication that IhDse assets fvave 8ullerBd an impairmenl loss. 11 aY such indication exiEls, the recowerablg amount ol the 88S81 18 e81imaled in oid8r lo d8t8rmin8 Ihe eKl8nl ol Ihg iinpairm8nl1088 lil any). 1.8 Ca8h and ca8h •quival•nt8 Cash and cash equivalenls Indude cash in hand, deposits held al Call with banks, olhtrr short-lerm liquid investments with ori9inal maturities of thr88 months or lass, and bank ov8rdrafts. Bank overdrafts ar• shown within borrowings I 1.9 Flnanclal InstrurnEnt5 The Ghadly h)5 cloc1 to app the provlslorns of Sectlon 11 'Ba$ic Finandal In$lrJm¥nts' and Seclion 12 '0ther Fin8rh¢ial In$lrum8nts 13su8y' of FRS 102 to 811 ol ils fin8ncial in3lrum•nts. Financlal Instruments are recognlsed In the charity's balance sheel when the charfly becomes party lo the conlraclual provisions of Iho Instrumvnl. Financial assets and liabilities are offset, wllh the net amoLJnts pseIed In Ihe financial statements. when there Is a legally enforceable rnght to set olf the recognised amounts and there Is an Inténtlon to settle on a net basls or to rèalise the asset and sellle Ihe liability simullaneously. Basic financial assots Ba51G h'nancial a55sls, whiGh includ8 d8blois and Ga5h and bank balanGes, aig Iriilially rn8a5Uj at tran5adion PriGg including transa10 costs and are subsEqu8ntly Garriod at amortisad cost Using Ihp offectiva in18r8st malhud unl8ss thè arrangÉmÈnt cDnstitutès a financing Iransaction, bvhÈrÉ tbè transaction is MÉa>urèd at thè prèsènt valuè Df the future receipts discDUnted at a market rate of interest. Financial assets c1255rfied 25 receivable within on? year are amorlised.
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Accountlng pollGI•6 {Contlnu•dl B•$le nnAnelal Ilawiifies B8si¢ financial liabilities including cr8ditors bank loans arg inbtiglly r8cx)gnisgd at trgnsa¢tion pricg nIg$s tho arrangement constitutes a flnanclng transacllon. whÈro the debt instrument is measured al Ihe present value of the future payments dlscounted al a market rale of Interest. Flnancial Iiabllitles classifled as payable wtthin one year are nol amorti5wJ. D8bt instruments are sub58qU8ntly carried at arnorh58d cost. using 8fl8chv8 interest rate m8thod. Trade ueditors are obligation5 to pay lor 9(lS or services Ihal have been acquired In the ordinaiy course of op8ralions Irofft suppliois. Amounts payable ar8 classllied as curr8ni Ilablli11es11 payment is du8 w51hin ong year 1088. If not. Ih8y ar* prfts•nl8d as nonourrent liabilllias Trad& ¢rt)dilors are recognlsod inllially at transaction pric• and subsèquantly m8asur•d at amortisad cost uslng tha èffectlvè Intèrest method. Derecognlllon of flnanclal Ilabllllle5 Finarbcial iiabili14.es are derecogniseé when the charity s contractual obligalions expire or are discharged or cancelled. 1.10 Retlrement beneflt$ Payments lo defined tontslbutlon retlrem¢nt baneflt sch&mè$ 8ro charged 88 an expense És Ihey f811 due, Crltlcal aceountlng èstlmat•s and ludg8mènts In tho applic110 ul Ihe chaiiLy's OU.ng polici95, thg IrU¥le pre required lo mgk9 judggrnpn15, estitnates end a88umpllons about the c8rrylng amount of a85815 and118bllitles Ihal are nol re8dily apparent from other 3ourc88. The eshrnales and 8550ciated a5sumplion5 are based on historical experience and oltrer fjactor5 that are considered lo be relevant. Actual result5 may differ from these estimates, Th8 &$llrn81&8 8nd underlylng 88$umption8 aro revSewod on 8n ongolng bas18. Rovl$Son8 to 8¢¢ounllng 88tim8t88 8r8 recognise(J in the period in which thé èstimate Is revised where the revision affects only that period, or in the period of the revision and fvture periojs where the revision allecls both currenl and fviure periods, In¢wio from doh8tions )nd 18u8¢io8 Unresirlctgd R•strlcted fund$ fvnd$ 2024 2024 Total Unrestrlcted R•strlcted fund$ fund$ 2023 2023 Total 2024 2023 Donatign5 and grfts Grants Receivable 2,579 48,499 2,579 181.927 13,332 63,880 13,332 737,706 133.428 673,826 51,078 133,428 184.506 77,212 673,826 751,038 Grants r#c•lvablt for eorè aetlvltlès Olhei 48.499 133.428 181.927 63,880 673,826 737.7( 48,499 133,428 181,927 63,880 673,826 737,706 10-
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Income from charltable actlvltles UnrÈ$lrl¢ted fund 2024 Unrèsirfcted fund¥ 2023 Sgsslonal f8es S818 ol goods 48,8 27,074 8occ•r S¢hool8 Sale of goods 87,272 56,360 Equlpm•nt & klt %al•s Sale of goods 3,Th)0 Schools & Communlty eDaehlng Sa18 01 goods 25,558 25,347 161.738 111.781
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Expendlture on charltable actl¥ltles Charltable actlvltles 2024 Charllabl¢ actlvllles 2023 Dlrect Costs Stsff costs D8precialion and irnpairtllEnt Ch8rll8ble expendlture Equlpment & generkl costs Charitable expenditure ght & héat Charildbl8 oxpdiidilurl) IribiJlilTIC• Charitable expencliture Other estsblishmenl Charitabla 8xpendilure Travel Costs ChArllabla axpan(Jltur• Lggal & prol8ssionAI Charitable expenditure A¢vertlsing CharilAbl8 8XP8ndiliire Events Charllable expendlture Computer c0515 ChorilAbl8 expenditure Rep8irs 8 mainlenan Charitable Èxpenditure Donations hariiablg axp8ndituro HMRC lat8 paymgnl ¢h4rgf S 229.824 93,341 21.586 21.975 2,094 1.038 55 1,872 5,721 40,689 4.833 15.274 466 150 190.571 95.888 15,407 20.523 1,816 1.071 1,377 1.567 10.413 75.109 2,038 4.548 216 13 438.918 420,557 Share of support and governance costs Isee note 61 Governance 5,013 3.662 443,931 424,219 Analysls by fund UnrÉstriclÉd funds R¢YStrioted funds 247.894 196.037 365,775 443.931 424.219 Support costs allocatod to aGtlvlll•s 2024 2023 Gpverr)ance Gosl5 5,013 3.662 Analysed belween- Charitable aclivities 5,013 3.662 12-
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Support Costs allocatod to actlvlll•s {Contlnu•dl 2024 2023 Gov¥rnon¢& ¢o¥l$ ¢ompri¥g', Independanl Examination fees other 3Cnt8ncY f8e8 1.839 3,174 1.768 1,894 5.013 3.662 Ngt mts¥&h*nl in lund$ 2024 2023 Thè nel mDvement in ndS is stated after chargingllcreditingl,. Depreciation of owned tangible fixed assets 93,341 95.888 Trust••s None of Ihe trustees lor any persons nnected wlh Ihen)I received any reniuneration or benefits from Charity during the y8ar. Employ•88 ThB average rrKJnlhly nurnber ol 8mployee8 during th8 year was.. 2024 Nurnb•r 2023 Numb•r AdtniN cDaching 16 12 Employment costs 2024 2023 ages and salaries SocSal SacutY costs Other pension cos15 218,262 8180 3.382 180,858 6.787 2.928 229.824 1YJ,571 Thore werrj no gmploy90s who$8 annual rernuneralion was more Ihan £60.CN)Q. 10 Taxation The charily is exempl from laxalion on rts aCtrllIeS because all ts income Is applied for oharilable purposes. 13-
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Tanglble flxed assets La$•hold Improvement FixtUrn8 and fltllngs Total C05t Al 1 June 2023 AdditK)ns 403,203 82,554 22,80J 3,148 426,003 85.7(M) At 31 May 2Q24 485.757 25,946 511,703 O•praclatlon and Imp8lrm•nt At 1 Jun8 2023 Depreciation charged in the ygar 127.8SS 89,416 10,485 3,865 138.340 93.341 Al 31 May 2024 217,331 14,350 231.681 Carrylng amount At 31 May 2024 268,426 11,596 280,022 Al 31 M8y 2023 275,348 12,318 287,684 12 Debtor¥ 2024 2023 Amounts falllng du• wllhln on• y¥or: Trade debltsrs 5,375 13 Credltor8'. amounts falllng due wllhln ono yoar 2024 2023 Olher taxation and 8iKial 8ecurily Trade credlttts Accru818 and deferrad inwm8 2.180 6,13J 4,035 2.322 3.917 12,328 6,739 14 Retir•moni b•n•ffii Bch0rn•8 2024 2023 Deflned conlrlbutlon schemes Charge lo profil oi IiJ55 in rBspKI of defined Gonlribulion hEmeS 3,382 2,926 The charily operates a definf>J c4Jntributv)n pen510n 5cherne for all quality'ng employees. The assets of Ihe scheme are hold 88para181y from Ihos of Ihe charity in an ind8p8rd8ntly adminisl•r*d (und. 14-
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 Restrlcted funds The restrlcted funds of the charlty comprlse the unexpended balances of donatltsns and grants held on trust sublecl to specthc CondOn8 by donors as to how they rnay b8 used. At 1 June 2023 Incomlng rqsourG8 R88ourc88 expended Transhrs At 31 May 2024 Coaching & Sports Hub Westminstèr Found8b'on Gmnt National LottFJry 49,884 41.525 80.000 11.903 1159.1301 {33,5381 13.2691 67.721 46.362 8.634 49,884 133.428 1196.0371 67,721 Pr•¥lous y•ar: At 1 Jun• 2022 Incomlng r•8ourc•8 R•8ource8 •xp•nd•d Tran8f•r6 At 31 May 2023 Coachlng & Sports Hub 17,364 673,826 136S,7751 1275,5301 49,885 Somé grants arè wstrlctad lrn thal thè hjnds mLJSt bè used towards dèllvèry Costs- thè rastrfctlons arè agrèed In thè individual terms and conditl0llE a5 part of the qrant ofler. This can include 8laff cosls,lacilitseB. kil, equipmenl.transport, training 8lc. Al 31 May 2024 £54.996 01 reslri¢18d funding wa8 held un8penl for future projects. Iran8ler8 from restricted fiiNJ8 are the c08ts sp&nl on Ihe 8POrt8 hiib which w8re not alloca18d IhrDu9h fix8d a888ts. 18 Unr•81rfct•d funds The unreslrleted funds of the eharfty coMpse the neXpended balances Of donallons and grants whlch are not sublcct to specific CDndiiions by donors and granlors a5 to how Ihtry rnay btr used. These include de5ignaled lunds which have b88n sel aside out ol unre8tri¢led lunds by Ihe Irustee8 lor &p8cifio purposes. At 1 June 2023 Incomlng re$our¢e$ Resources txpended Transf•r$ Al 31 May 2024 GÈnÈral funds 479,098 212,816 1247,8941 167,7211 376,299 Prèvlou8 yèar.. At 1 June 2022 Incomlng sourc06 Ra$ourc89 •xpended Tran8f•r4 At 31 May 2023 General funds 73,018 188,9g3 {55,4441 275,530 479,097 15-
CHESTER FC COMMUNITY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MA Y 2024 17 Analysls of net assets befften funds Unrèslrlcted fund& 2024 Restrl¢ted funds 2024 Ttsial 2024 At 31 May 2024: Tangible assets Current 8ssetsllllBbllltle51 1.141 375,158 278,881 1223,8851 280,022 151.273 376,299 54.996 431,295 Unroslri¢tod fund5 2023 R•slri¢t¢d fund5 2023 T¢t•l 2023 At 31 May 2023: Tangible asse15 Currenl gsselsl(liabililig$1 134,372 344.725 153,292 1103,4071 287.664 241.318 479,097 49,885 528,982 18 Relaled party transactlons Tharo were nts diselosablg rglated paty Iransaclions during the year12023 - nonel- 16-
Tliis docunicnt laS dclivcrcd iisiiig clcctronic con]niiinications and authciiticatcd in accordancc with thc rcgistrar's ivlcs rclatiii? to clc¢ti'onic forni: authciitication and inaniicr of dcliilcry undcr scctioii 1072 of the Companies Act 2006.