Charity registration number 1175805
CREWE FC
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
CREWE FC
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr Daniel Massey Mrs Margaret Vickers Mr Steven Parker Mr Andrew Aspinall Mrs Melanie Vickers Charity number 1175805 Principal address Cumberland Sports Arena The Wharf Thomas Street Crewe Cheshire CW1 2BD Independent examiner Champion Allwoods Limited 2nd Floor Refuge House 33-37 Watergate Row Chester CH1 2LE
CREWE FC
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
CREWE FC
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 JUNE 2022
The trustees present their annual report and financial statements for the year ended 30 June 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the CIO's constitution, the Charities Act 2011 and “Accounting 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).
Objectives and activities
The CIO's objects are;
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The promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of football
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The promotion of community participation in healthy recreation for the benefit of the residents of Crewe and the surrounding areas by the provision of facilities for playing football
There has been no change in these during the period.
The trustees have paid due regard to guidance on public benefit as issued by the Charity Commission in deciding what activities the CIO should undertake.
Achievements and performance
Crewe FC continued to operate 33 Junior / Girls & Adult football teams, however, remains a shortage of available & cost efficient futsal provision locally.
Crewe FC have once again achieved and maintained their England Football Level 3 FA Accreditation.
Crewe FC have once again demonstrated their fantastic commitment to the local community, receiving the Cheshire FA’s ‘Changing Lives Through Football’ award in 2022 as well as raising & donating a significant amount to charities and good causes in the past 12 months.
Crewe FC’s Mens 1st Team & Reserve team continue to compete in the Cheshire Football League, however, ambitions to progress through the national football system due to the current facility constraints.
The Club continue to run community sessions for juniors, girls and those with pan-disabilities, along with annual football competitions engaging over 120 local teams.
Financial review
In the year ended 30 June 2022 the CIO had a deficit of £3,792 (2021: £10,701 surplus) incoming resources over resources expended. Total voluntary income received this period was £22,031 (2021: £23,136).
Unrestricted funds at the year end amounted to £42,087 (2021: £45,879). Restricted funds of nil (2021: nil) are subject to specific conditions required by the donor and are applied as soon as practical.
Reserves policy
The CIO does not have a Reserves Policy. It owns no assets as such nor has any long term financial commitments or excessive expenditure, such as a mortgage etc. and so trustees do not believe that a reserves policy is necessary.
Should this change, the CIO will adopt a reserve policy where unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level would ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
These levels of reserves could be maintained throughout the period if required.
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CREWE FC
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
Risk management
The trustees have assessed the major risks to which the CIO is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Plans for the future
The CIO plans to continue all the current activities at the football club. This includes maintaining all current teams & continuing the development and creation of new teams, starting at U7s for Juniors and U8s for girls (subject to available facility provision).
There are no current plans to extend our pan-disability offering beyond the current 8-14yr age range.
The Club continues to work in collaboration with Cheshire East, the Cheshire FA & the Football Foundation as we move towards the development of a new football facility at the King George V Playing Fields. The Club has produced a full feasibility study and 5-year business plan to support the application and development.
Structure, governance and management
The CIO is controlled by a Constitution dated 20 November 2017 as amended on 30 January 2020. The CIO was registered with the Charity Commission for England and Wales on 20 November 2017 under Charity Registration Number: 1175805.
The trustees who served during the year and up to the date of signature of the financial statements were: Mr Daniel Massey Mrs Margaret Vickers Mr Steven Parker Mr Andrew Aspinall Mrs Melanie Vickers
Recruitment and appointment of new trustees
Trustees are selected according to their experience in specialised fields and are expected to use that experience in furthering the objects of the CIO. Checks are made to ensure that there are no legal or other barriers to their appointment.
Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
Incoming Trustees are made fully aware of their responsibilities by the existing Trustees who ensure that new Trustees read the Constitution, a copy of the CIO's latest Trustees' Annual Report, statement of accounts and the relevant guidance for trustees published by the Charity Commission.
If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
The trustees' report was approved by the Board of Trustees.
..............................
Mr Steven Parker
Trustee Dated: ......................... 13.04.2023
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CREWE FC
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREWE FC
I report to the trustees on my examination of the financial statements of Crewe FC (the CIO) for the year ended 30 June 2022.
Responsibilities and basis of report
As the trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the CIO’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
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1 accounting records were not kept in respect of the CIO as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Susan Harris MA ACA
2nd Floor Refuge House 33-37 Watergate Row Chester CH1 2LE
14 April 2023 Dated: .........................
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CREWE FC
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2022
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 22,031 | 23,136 |
| Charitable activities | 4 | 89,720 | 65,280 |
| Other trading activities | 5 | 19,319 | 7,534 |
| Investments | 6 | 1 | 1 |
| Total income | 131,071 | 95,951 | |
| Expenditure on: | |||
| Raising funds | 7 | 17,500 | 4,621 |
| Charitable activities | 8 | 117,363 | 80,629 |
| Total expenditure | 134,863 | 85,250 | |
| Net (expenditure)/income for the year/ | |||
| Net movement in funds | (3,792) | 10,701 | |
| Fund balances at 1 July 2021 | 45,879 | 35,178 | |
| Fund balances at 30 June 2022 | 42,087 | 45,879 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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CREWE FC
BALANCE SHEET
AS AT 30 JUNE 2022
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Income funds Unrestricted funds |
2022 £ 44,007 (1,920) |
£ 42,087 42,087 42,087 |
2021 £ 47,379 (1,500) |
£ 45,879 |
|---|---|---|---|---|
| 45,879 | ||||
| 45,879 |
13.04.2023 The financial statements were approved by the Trustees on .........................
.............................. Mr Steven Parker Trustee
13.03.2023
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CREWE FC
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
Charity information
Crewe FC is a Charitable Incorporated Organisation limited by guarantee, registered in England and Wales. The registered office address is Cumberland Sports Arena, The Wharf, Thomas Street, Crewe, Chester, CW1 2BD.
1.1 Accounting convention
The financial statements have been prepared in accordance with the CIO's governing document, the Charities Act 2011 and “Accounting 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The CIO is a Public Benefit Entity as defined by FRS 102.
The CIO has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the CIO. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the CIO is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount.
In accordance with accounting standards, the economic contribution of general volunteers is not included in the accounts.
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CREWE FC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is included on an accrual basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Charitable expenditure comprises those costs incurred by the charity in the delivery of all its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs have been allocated between governance costs and other support costs. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountants' fees and costs linked to strategic management of the charity.
1.6 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 of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial 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 of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial 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 of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Derecognition of financial liabilities
Financial liabilities are derecognised when the CIO’s contractual obligations expire or are discharged or cancelled.
1.7 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the CIO is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the CIO’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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CREWE FC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
3 Donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Donations and gifts | 5,286 | 3,444 |
| Sponsorship | 16,745 | 19,692 |
| 22,031 | 23,136 | |
| Charitable activities | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Tournaments | 23,066 | 1,010 |
| Clubwear | 2,732 | 3,588 |
| Player subscriptions | 63,922 | 60,682 |
| 89,720 | 65,280 | |
| Other trading activities | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Fundraising events | 19,319 | 7,534 |
| Investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Interest receivable | 1 | 1 |
4 Charitable activities
5 Other trading activities
6 Investments
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CREWE FC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
7 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2022 | 2021 | |
| £ | £ | |
| Fundraising and publicity | ||
| Staging fundraising events | 17,500 | 4,621 |
| 17,500 | 4,621 | |
| Charitable activities | ||
| 2022 | 2021 | |
| £ | £ | |
| Tournaments | 22,315 | 1,504 |
| Clubwear | 13,012 | 27,050 |
| Pitch fees | 29,723 | 16,046 |
| Coaching | 760 | 1,260 |
| First team | 5,429 | 2,498 |
| Junior teams | 5,027 | 10,576 |
| Charitable donations | 2,031 | 961 |
| 78,297 | 59,895 | |
| Share of support costs (see note 9) | 36,846 | 18,874 |
| Share of governance costs (see note 9) | 2,220 | 1,860 |
| 117,363 | 80,629 |
8 Charitable activities
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CREWE FC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022
9 Support costs
| Support costs Governance costs £ £ Subscriptions 15,410 - Business Consultancy 17,570 - Insurance 1,013 - Sundry 2,853 - Examination fees - 2,220 36,846 2,220 Analysed between Charitable activities 36,846 2,220 |
2022 £ 15,410 17,570 1,013 2,853 2,220 39,066 39,066 |
2021 £ 6,453 10,794 871 756 1,860 |
|---|---|---|
| 20,734 | ||
| 20,734 |
Governance costs includes payments to the accountants of £2,220 for independent examination fees.
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the CIO during the year.
11 Employees
The average monthly number of employees during the year was:
| The average monthly number of employees during the year was: | ||
|---|---|---|
| 2022 | 2021 | |
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. | ||
| Creditors: amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Accruals and deferred income | 1,920 | 1,500 |
12 Creditors: amounts falling due within one year
13 Restricted funds
Crewe Town Council - grant funding and sponsorship funding towards the running of specified events during the year.
14 Related party transactions
There were no disclosable related party transactions during the year.
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