Charity registration number 1175805 IEngland and Wales) CREWE FC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
CREWE FC LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr Daniel Massey Mrs Margaret Vickers Mr Steven Parker MrAndrew Aspinall Mrs Melanie Vickers Charty number 1175805 Principal address Cumberland Sports Arena The Wharf Thomas Street Crewe Cheshire CW12BD Independent examln&r Champion Allwoods Limited 2nd Floor Refuge House 33-37 Watergate Row Chester CH1 2LE
CREWE FC CONTENTS Page Trustees, report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls 7-12
CREWE FC TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The trustees present their annual report and financial statements for the year ended 30 June 2024. The financial slalements have been prepared in accordance with the accounting Policies sel out in note 1 to the financial statements and comply with the CIO'S governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities pieparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021" Objectives and activities The CIO'S objects are., The promotion of community participation in healthy recreation in particular by the provision of facilities for the playing of football The promotion of community participation in healthy recreation for the benefit of the residents of Crewe and the surrounding areas by the provision of faalilies for playing football There has been no change in these during the period. The Iruslees have paid due regard lo guidance on public benefit as issued by the Charty Commission in deciding what activities the CIO should undertake. Achievements and performance Crewe FC continues to maintain ils England Football 3-Slar Accreditation from the Football Association, a kitemark of the highest quality provision and standards in grassroots and amateur football. 11 has also continued lo operate in close lo 40 teams, maintaining full male, female and an expansion of our disability pathways in line with the FA'S accredrted pathways. Crewe FC'S Men's 1 sl Team & Reserve team continue to compete in the Cheshire Football League, however, with a clear plan now in place for progression through the national football system wlh imminent arrival of a new facility. Crewe FC continues to provide a range of open age provision for females. with an adult team competing in the Cheshire Women's and Youth League as well as recreab'onal football with the Inspire League. The Club continue lo run community sessions for juniors, girls and those wth pan4isabilities, along with annual football competitions engaging close lo 130 local teams. Financial review In the year ended 30 June 2024 the CIO had a surplus of £4,291 12023." £3,908) incoming resources over resources expended. Totsl voluntary income reiVed this period was £21,23512023'. £37,073). Unrestricted funds at the year end amounted to £50.28612023'. £45,995>. Restricted fLJnds of £Nil1£2023.' £Nill are subject to specific conditions required by the donor and are applied as soon as pradical. 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 neSsary. Should this change, the CIO wll adopt a reserve policy where unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent lo between three and six month's expenditure. The trustees consider that reserves al 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 lo ways in which additional funds may be raised. These levels of reserves could be maintained throughout the period if required.
CREWE FC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Rlsk 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 Crewe FC has undergone some structural changes , wth the creation of 2 additional entities (commercial Operalionlcompelitive Sport) lo allow the Club lo operate the new facility, along with maintaining Vcs CIO. The Club plans to continue with all the current activities al 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 lo available facility provision). There are no immediate plans lo extend our pan-disability offering beyond the current 8-16yr age range. As the Football Development Partner of Cheshire East Council,Ihe Club has now secured a significant level of funding from the Football Foundation & as such is progressing with the development of a new Football Facility at the King George V Playing fields in Crewe. All parties involved in the Football Foundation Project are working towards a completion date of JulylAugust 2025. Structure, governance and management The CIO is controlled by a Consb"tution dated 20 November 2017 as amended on 30 January 2020. The CIO was registered w(th 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 lo the dale of signature of the financial statements were". Mr Daniel Massey Mrs Margaret Vickers Mr Steven Parker MrAndrewAspinall Mrs Melanie Vickers Recruitment and appointment of new trustees Trustees are selected according lo their experience in specialised fields and are expected to use that experience in furthering the objects of the CIO. Checks are made lo ensure that there are no legal or other barriers lo their appoinlmenl. Apart from the first charity trustees, every trustee musl be appointed for a term of three years by a resolution passed al a properly convened meeting of the charity trustees. Incoming Trustees are made fvlly 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 guidan for trustees published by the Charity Commission. If the CIO is wound up, the members of the CIO have no liability lo contribute lo rts assets and no personal responsibility for sellling ils debts and liabilities.
CREWE FC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The trustees, report was approved by the Board of Trustees. Mr Stevan Parkgr Trustee Dated..
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 Ilhe CIO) for the year ended 30 June 2024. Responsibilities and basis of report As the trustees of the CIO you are responsible for the preparation of the financial slalements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the CIO'S financial statements carried out under section 145 of the Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission under se¢tion 14515llbl of the Charities Act 2011. Independent examlnerfs statement Your attention is drawn to the fact that the charity has prepared the finanaal statements in accordance with the relevant version of the Slalement of Recommended Practice applicable lo charities preparing their financial statements in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities." Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has now been wrthdrawn. l understsnd that this has been done in order for the financial statements lo provide a true and fair view in accordance with UK GeneralIyAepted Accounting Practice. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me Cause lo believe that in any material respect". accounting records were not kept in respect of the CIO as required by section 130 Df the Charities Act 2011. the financial slalements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and conlenl of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no cOnrnS and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Susan Harris MAACA Champion Allwoods Limited 2nd Floor Refuge House 33-37 Watergate Row Chester CH12LE 16 April 2025
CREWE FC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestrlcted Unrestrlcted funds funds 2024 2023 Notes Income from: Donations and legacies Charitable activities Other trading activities 21,235 98,199 51,046 37,073 72,915 25,693 Total income 170,480 135,681 Expenditure on: Raising funds Charitable activities 29,655 13S,534 22,017 109,756 Totsl expendlture 166,189 131,773 Net Income and movement In funds 4,291 3,908 Reconciliation of funds- Fund balances al 1 July 2023 45,995 42,087 Fund balances at 30 June 2024 50,286 45,995 The statement of financial activities in¢ludes all gains and losses recognised in the year. Al income and expenditure derive from continuing activities.
CREWE FC BALANCE SHEET ASAT30JUNE 2024 2024 2023 Notes Current assets Cash at bank and in hand 52,266 47,795 CredFtors: amounts falllng due wlthln one year 13 11,9801 11,8001 Not current assets 50,286 45,995 The funds of the CIO Unrestricted funds 14 50,286 45,995 50,286 45,995 The financial stsleTnents were approved by the trustees on . Mr Steven Parker Trustee
CREWE FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Charity inforniation Crewe FC is a Charitable Incorporated Organisalion limited by guarantee, registered in England and Wales. The registered office address is Cumbedand Sports Arena, The IM)arf, Thomas Street, Crewe, Chester, CW1 2BD. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the CIO'S governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable ID charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" The CIO is a Public Benefit Entity as dèfined by FRS 102. The CIO has taken advantage of the provisions in the SORP for charities not lo prepare a slalement of cash flows. The financial slalements have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl 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 Slalement of Recommended Practi which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in steding. which is the ftjnctional ¢urren¢y of the CIO. Monetary amounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Golng concern At the time of approving the financial stalemenls, the trustees have a reasonable expectation that the CIO has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial slatemenls. 1.3 Charltable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitable objedives. Reslricled funds are subject to specific conditions by donors or grantors as to how they may bè used. The purposes and uses of the restricted funds are set out in the notes to the financial slalements. 1.4 Income Income is recognised when the CIO is legally enlided lo il after any performance conditions have been met, the amounts can be measured reliably, and il is probablè that income will be received. Cash donations are recognised on reipl. Other donations are recognised once the CIO has been notified of the donation, unless performance conditions require deferral of the amount. In accordance wth accounting standards, the economic contribution of general volunteers is not included in the accounts. 1.5 Expendlture Expenditure is induded on an accrual basis. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
CREWE FC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles Icontlnuedl 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 lo 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 indude those costs associated with meeting the conslilulional and stalulory requirements of the charity and indude the accounlant5' fees and costs linked lo strategic management of the charity. 1.6 Cash and cash equivalent5 Cash and cash equivalents indude ¢ash 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. BosiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price Including transaction costs and are subsequently carried al amorb.sed cost using the effective interest mèthod unless the arrangement Conslilules a financing transaction, where thè transaction is MeasUd at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price Ljnless 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 Iiabililies classified as payable thin one year are not amortised. Derecognition of financial liabilitigs 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 entiuement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the CIO is demonstrably committed lo terminate the employment of an employee Dr to provide lerminalion benefits. 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 eslimales and associated assumptions are based on historical experien and other factors that are considered lo be relevant. Actual resu115 may differ from these eslimales. The estimates and underlying assumptions a reviewed on an ongoing basis. Revisions lo accounting eslimales 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 ftjlure periods where the revision affects both current and future periods.
CREWE FC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Donations and legacies Unrestricted Unrestricted funds funds 2024 2023 Donations and gnls Sponsorship 1,566 19,669 15,872 21,201 21,235 37,073 Charitable activities Unrestricted Unrestricted funds funds 2024 2023 Tournaments Clubwear Player subscriptions 25,473 2,399 70,327 8,013 1,475 63,427 98,199 72,915 Income from other trading activities Unrgstrlctgd Unr9Stricted funds funds 2024 2023 Fundraising events 51,046 25,693 Expenditure on raising funds Unr9strictèd Unr9$trictèd funds funds 2024 2023 Fundraising and publicity Staging fundraising events 29,655 22,017
CREWE FC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Charitable activitie5 2024 2023 Tournaments CILJbwear Pitch fees Sundry Coaching First team Junior teams Charf(able donations 25,204 25,265 35,872 24 500 5,817 14,887 238 9,659 19.468 34,427 70 7,093 6,998 702 107.607 78,427 Share of support costs (see note 81 Share of governance costs (see note 81 26,947 1,980 29,529 1,800 136,534 109,756 Support costs Support Governance costs costs 2024 2023 subsciipb.ons Business Consuttancy Insurance Sundry 15,210 8,870 315 2,552 15,210 8,870 315 2,552 14,508 10,320 1,613 3,088 Examination fees 1,980 1,980 1,800 26,947 1,980 28,927 31,329 Analysed beeen Charrtable activits.es 26,947 1,980 28,927 31,329 Governance costs includes payments lo the accountsnts of £1,980 for independent examination fees. 10-
CREWE FC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Net movernent in funds 2024 2023 The net movement in funds is slated after chargingllcreditingl.. Fees payable for the independent examination of the charity's financial slalements 1,980 1,800 10 Trustees None of the trustees lor any persons connected wth them) received any remuneration or benefits from the CIO during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. 12 Taxatlon The charity is exempt from laxalion on its activities because all ils income is applied for charitable purposes. 13 Creditors- amounts falling due within one year 2024 2023 Accruals and deferred income 1,980 1,800 14 Unrestricted funds The unrestricted funds of the charty comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These Include designated funds which have been sel aside out of unreslricled fund5 by the trustees for specific purposes. At 1 July2023 Incoming resources Resources expended At 30 June 2024 General funds 45,995 170,480 1166,1891 50,286 Prgvlou$ year: At 1 July 2022 Incomlng resources Rasourcos expended At 30 Jun9 2023 General funds 42,087 135,681 1131,7731 45,995
CREWE FC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 15 Related party transactions There were no disclosable related paty transactions during the year. 12-