OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-05-31-accounts

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

REGISTERED COMPANY NUMBER: 11036803 (England and Wales) REGISTERED CHARITY NUMBER: 1176785

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2022

FOR

ENFIELD RANGERS YOUTH FOOTBALL CLUB

(A COMPANY LIMITED BY GUARANTEE)

Eric & Co Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2022

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 15

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MAY 2022

TRUSTEES

REGISTERED OFFICE

J Campbell Director C R Rutter Director The Recreation Ground Carterhatch Lane Enfield Middlesex EN1 4LJ

REGISTERED COMPANY 11036803 (England and Wales) NUMBER REGISTERED CHARITY 1176785 NUMBER INDEPENDENT EXAMINER Eric & Co Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ

Page 1

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2022. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The company's principal activity during the period under review is that of the promotion of community participation in healthy recreation for the benefit of the children and youths of all ages living in or near the London Borough of Enfield by the provision of facilities for the playing of association football.

The Trustees confirm that they have paid due regard to the guidance contain in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives for the year.

Page 2

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2022

ACHIEVEMENT AND PERFORMANCE

Introduction:

This review assesses the achievements and performance of a youth charity football club during the 2021-22 season. The club's efforts in promoting youth development and community engagement through football are commendable. The following review highlights their notable accomplishments and overall performance during the specified period. A strong business plan has enabled us to achieve FA Accreditation for a further season and our aims and objectives will be to continue on these successes.

On-field Achievements:

Team Successes; U14 Green RED division champions, U13 Green BLUE division champions, U10 Green League Cup champions, U13 Green, U12 Green tournament winners.

a. Tournament Success: The club organised another successful annual tournament with 96 team entries over two weekends. The club had two teams win their respective age group and another 2 runners-up. Various teams also entered external tournaments with U12's winning the Potters Bar tournament and U9's winning the Cuffley tournament.

b. League Standings: The club's performances in the various age groups had success and can be evaluated by their final standings. Our U14's Green won a very competitive premier division with only one defeat all season. Our U14's also reached the final of the league cup. Our U13's Green won the 3rd division and were promoted to the 2nd division. Two of our teams also had the success of having their respective league top goal scorer.

c. Individual Recognition: One of the club's U14 players has developed and been scouted by Championship club. Other players are currently trialling for development centres at West Ham United, Norwich City and Ipswich Town.

Community Engagement:

The youth charity football club engagement with the local community encourages players of all abilities and ethnic backgrounds to participate in grassroots football.

We continue to run our popular Saturday Development Squad for young players from the age of 5-10 years of age to develop their football and social skills. We also encourage some of our older players to develop their own coaching skills.

Player Development and Growth:

Our main focus is on player development, and we review each player and the teams performances. We are a platform for various players to reach great heights and be scouted by an academy to play at a higher level.

We recruit coaches from within the local community, who can be a parent or an adult from the local community and we help them to achieve FA coaching awards, safeguarding and first-aid qualifications. Our Coaches get the chance a few times during the season to visit our local premier league club Tottenham Hotspur to observe coaching sessions at various age groups.

Player Advancement: Identify any players who have progressed to higher levels of competition, such as being selected for representative teams or receiving opportunities at professional academies. This demonstrates the team's ability to nurture talent and provide a pathway for player advancement.

Conclusion:

The youth charity football club showcased commendable achievements and performance during the 2021-22 season. Their on-field accomplishments, community engagement efforts, and focus on player development contribute to their overall success and impact. By recognizing their achievements and assessing their performance, the club's dedication to promoting youth development and community engagement through football can be celebrated and used as a foundation for future growth and success.

Page 3

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2022

FINANCIAL REVIEW

This financial review of the performance of the charity for the fiscal year ending 31st May 2022 as set out in the financial activities for the period on page 7 of the financial statements.

Revenue Analysis:

The charity youth football club witnessed significant growth in revenue during the reviewed period.

This revenue growth can be attributed to various factors, such as increased sponsorships, fundraising events, donations, trading activity, and rental income, but the main factor is the relaxing of Covid rules. The club's management should be commended for their efforts in restoring revenue streams to pre Covid levels and effectively utilizing the resources to support their operations and goals.

Bounce-Back Loan Reduction:

In a prudent financial move, the club elected to reduce the bounce-back loan by an extra £4,000 beyond the minimum payments. The bounce-back loan, provided under government schemes to support businesses during the COVID-19 pandemic, carries favourable terms, including low-interest rates and repayment flexibility.

By voluntarily paying off an additional £4,000, the club demonstrated responsible financial management and a proactive approach to debt reduction. This decision will help minimize the interest expense over the loan's term and improve the club's financial position in the long run. It showcases the commitment of the club's management to maintain a sustainable financial structure while ensuring the continuation of their charitable activities.

Financial Stability and Sustainability:

The charity youth football club's revenue growth and prudent debt management reflect a positive outlook for the organization's financial stability and sustainability. The increased revenue not only allows the club to maintain its existing programs but also provides opportunities to invest in new initiatives and enhance the quality of services offered to its members.

However, it is crucial for the club's management to continue monitoring and diversifying revenue sources to mitigate any potential risks associated with over-reliance on a single income stream. Additionally, implementing robust financial controls and budgeting practices will enable the club to effectively manage expenses and optimize resource allocation.

Reserve Policy

The reserves policy is to hold a minimum of 3 months income as a general reserve to enable the charity to carry out its operations and at an adequate level to meet its objectives. The amount held are reviewed on an annual basis.

Conclusion:

The financial review highlights the commendable performance of the charity youth football club, which experienced a notable revenue increase in revenue. Moreover, their decision to reduce the bounce-back loan by an additional £4,000 showcases responsible financial management and a commitment to long-term sustainability.

By leveraging this revenue growth and implementing prudent financial strategies, the club is well-positioned to fulfill its mission of providing valuable opportunities for youth engagement and development through football. However, it is important for the club to maintain financial discipline, diversify revenue streams, and prioritize effective resource allocation to ensure continued success in the future.

Page 4

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MAY 2022

FUTURE PLANS

Expansion of Programs:

The community youth football charity aims to expand its programs to reach a wider range of participants. This may include introducing new age groups or teams, offering regular training sessions, the continuation of our Saturday Development Squad and holding our annual tournament. We continue to be a member of the Watford Friendly League playing on a Sunday playing both non competitive and competitive football. By expanding our programs, the charity can provide more opportunities for youth engagement and development in football.

Facility Development:

Investing in facility development is crucial for the charity's long-term growth and sustainability. We have made various improvements during the season to improve the visibility of the club including improved drainage, improved signage and a storage station for our 7-a-side goals. We are in negotiations to develop a new lease to help apply for funding to develop our facility and the associated clubhouse and football pitches, upgraded equipment, and better amenities for players, coaches, and spectators. Developing safe and modern facilities will help attract more participants and support the charity's overall mission.

Community Outreach:

To expand our impact and engage with a broader community, we use a few forms of social media to reach the wider community, such as Facebook, Instagram and Twitter. We have also developed a schools liaison officer to help with our recruitment of local school children.

Volunteer Recruitment and Training:

Volunteers play a vital role in the success of our community grassroots youth football club charity. We focus on recruiting and training dedicated volunteers who can serve as coaches, mentors, and administrators and committee members.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate their exposure to the major risks.

6/26/2023

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ C R Rutter - Trustee

Page 5

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENFIELD RANGERS YOUTH FOOTBALL CLUB

Independent examiner's report to the trustees of Enfield Rangers Youth Football Club ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st May 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.

Eric Ashong (FCCA) Independent examiner on behalf of Eric & Co Chartered Certified Accountants & Registered Auditors 87 Tylecroft Road London SW16 4BJ 29/06/2023 Date: .............................................

Page 6

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MAY 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
Club House and Football Pitches
Adminsistration Costs
Football Related Costs
Depreciation of Fixed Assets
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
2022
Unrestricted
fund
£
16,888
67,007
25,545
109,440
34,688
28,273
6,256
12,777
6,984
88,978
20,462
37,342
57,804
2021
Total
funds
£
37,322
26,306
16,125
79,753
13,975
53,810
3,478
8,069
6,979
86,311
(6,558)
43,900
37,342

The notes form part of these financial statements

Page 7

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

BALANCE SHEET 31ST MAY 2022

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stocks
8
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
11
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS
2022
Unrestricted
fund
£
60,951
2,059
973
18,628
21,660
(9,660)
12,000
72,951
(15,147)
57,804
57,804
57,804
2021
Total
funds
£
64,937
2,059
1,926
22,605
26,590
(31,546)
(4,956)
59,981
(22,639)
37,342
37,342
37,342

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

BALANCE SHEET - continued 31ST MAY 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

6/26/2023

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

C R Rutter - Trustee

The notes form part of these financial statements

Page 9

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Member Registration and Subscriptions is accrued and is included in full in the statement of financial activities .

Rental Income is accrued and is included in full in the statement of financial activities.

Cafe and Bar takings is received and is included in full in the statement of financial activities when received

Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when received.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure and Income is reported inclusive of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance Fixtures and fittings - at varying rates on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

continued...

Page 10

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. OTHER TRADING ACTIVITIES

Fundraising events
Shop income
Sponsorships
Contributions from members
INVESTMENT INCOME
Rents received
RAISING FUNDS
Goods Bought for Resale
Bank Charges
Bank Interest
Fund Raising Expenses
2022
£
14,998
50,762
1,130
117
67,007
2022
£
25,545
2022
£
25,857
863
480
7488
34,688
2021
£
9,438
16,021
600
247
26,306
2021
£
16,125
2021
£
10,793
337
-
2,845
13,975

3. INVESTMENT INCOME

4. RAISING FUNDS

5. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Other operating leases
2022
£
6,984
50
2021
£
6,979
50

continued...

Page 11

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2022

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st May 2022 nor for the year ended 31st May 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st May 2022 nor for the year ended 31st May 2021.

7. TANGIBLE FIXED ASSETS

COST
At 1st June 2021
Additions
At 31st May 2022
DEPRECIATION
At 1st June 2021
Charge for year
At 31st May 2022
NET BOOK VALUE
At 31st May 2022
At 31st May 2021
8.
STOCKS
Stocks
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
Plant and
machinery
£
19,567
2,998
22,565
10,630
2,984
13,614
8,951
8,937
Fixtures
and
fittings
£
60,000
-
60,000
4,000
4,000
8,000
52,000
56,000
2022
£
2,059
2022
£
973
-
973
Totals
£
79,567
2,998
82,565
14,630
6,984
21,614
60,951
64,937
2021
£
2,059
2021
£
557
1,369
1,926

continued...

Page 12

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2022

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Bank loans and overdrafts (see note 12)
Trade creditors
Accrued expenses
11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 12)
12.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
13.
MOVEMENT IN FUNDS
At 1/6/21
£
Unrestricted funds
General fund
37,342
TOTAL FUNDS
37,342
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
109,440
TOTAL FUNDS
109,440
2022
£
3,910
5,000
750
9,660
2022
£
15,147
2022
£
3,910
4,090
11,057
-
Net
movement
in funds
£
20,462
20,462
Resources
expended
£
(88,978)
(88,978)
2021
£
2,361
28,435
750
31,546
2021
£
22,639
2021
£
2,361
4,813
15,183
2,643
At
31/5/22
£
57,804
57,804
Movement
in funds
£
20,462
20,462

continued...

Page 13

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2022

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/6/20
£
Unrestricted funds
General fund
43,900
TOTAL FUNDS
43,900
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
79,753
TOTAL FUNDS
79,753
Net
movement
At
in funds
31/5/21
£
£
(6,558)
37,342
(6,558)
37,342
Resources
Movement
expended
in funds
£
£
(86,311)
(6,558)
(86,311)
(6,558)
At
31/5/21
£
37,342
37,342

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS
At 1/6/20
£
43,900
43,900
Net
movement
in funds
£
13,904
13,904
At
31/5/22
£
57,804
57,804

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
Incoming
resources
£
189,193
189,193
Resources
expended
£
(175,289)
(175,289)
Movement
in funds
£
13,904
13,904

continued...

Page 14

DocuSign Envelope ID: C92DD999-BDC4-4334-93C6-8F55BDD9B4C5

ENFIELD RANGERS YOUTH FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MAY 2022

14. RELATED PARTY DISCLOSURES

There were the following related party transactions for the year ended 31st May 2022.

There were the following related party transactions for
the year ended 31st May 2022.
Expenditure
Name of Trustee or Relationship
Nature of Transaction
Craig Rutter (Chairman)
Maintenance Work
Jaimie Rutter
Cleaning Contract
John Campbell (Director)
Maintenance Work
Robbie Rutter
Maintenance Work
2022
£
2,400
4,800
3,393
0
10,593
2021
£
1,800
4,800
11,998
300
18,898

Page 15