CHARITY REGISTRATION NUMBER: 1178657
## CURZON ASHTON COMMUNITY FOUNDATION
## Unaudited Financial Statements
31 March 2022
Adams Accounting Services Ltd
103 Mottram Old Road Stalybridge Cheshire SK15 2SZ
## CURZON ASHTON COMMUNITY FOUNDATION
Financial Statements Year ended 31 March 2022
||Page|
|---|---|
|Trustees' annual report|1|
|Independent examiner's report to the trustees|3|
|Statement of fnancial activities|4|
|Statement of fnancial position|5|
|Statement of cash fows|6|
|Notes to the fnancial statements|7 to 11|
|Appendix 1 – Analysis of Income|12|
## CURZON ASHTON COMMUNITY FOUNDATION
Trustees' Annual Report
Year ended 31 March 2022
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
Reference and administrative details
Registered charity name CURZON ASHTON COMMUNITY FOUNDATION Charity registration number 1178657 Principal office TAMESIDE STADIUM RICHMOND STREET ASHTON UNDER LYNE OL7 9HG
The trustees Mr A Truett (Chair) Mrs. E. Toone Mrs. G. Whittaker Mr. W. Salkeld
Independent examiner Mick Adams. ACMA, CGMA.
Structure, governance, and management
The organisation structure consists of four trustees who are primarily responsible for the management of the entity. The trustees meet quarterly, with all meetings minuted. All trustees shall hold their position for a term of three years.
## Objectives and activities
The main objective of the organisation is to provide facilities being land, buildings, equipment and organising sporting activities to the benefit of the public and inhabitants of Ashton Under Lyne and the surrounding area. Playing of football alongside other sports and projects capable of improving health and to provide opportunities and facilities for sport, recreation, and leisure to all ages, in particular to those in need given infirmity, disablement, poverty and economic circumstances.
## Achievements and performance
The Charity has successfully managed to meet its key targets. A weekly provision of unique projects continues to be provided. Over 400 locals have accessed the facilities in this reporting period. The Charity has upskilled 95 individuals through a variety of sports. Events to coincide with Suicide Prevention Day was well received and received widespread recognition and coverage. In particular we have established a Northwest Military Veterans football league with football clubs across the North West of England.
## CURZON ASHTON COMMUNITY FOUNDATION
Trustees' Annual Report (continued)
Year ended 31 March 2022
## Financial review
The foundation has obtained successful funding to fund all core costs and project delivery. Financial position of the foundation is as healthy as can be expected. The foundation operated a surplus for the year ended 31 March 2022 and can meet its ongoing financial requirements.
The trustees' annual report was approved on 30 January 2023 and signed on behalf of the board of trustees by:
Andy Truett Trustee
## CURZON ASHTON COMMUNITY FOUNDATION
Independent Examiner's Report to the Trustees of CURZON ASHTON COMMUNITY FOUNDATION
Year ended 31 March 2022
I report to the trustees on my examination of the financial statements of CURZON ASHTON COMMUNITY FOUNDATION ('the charity') for the year ended 31 March 2022.
## Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
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 to enable a proper understanding of the accounts to be reached.
Mick Adams ACMA, CGMA.
Independent Examiner Adams Accounting Services Ltd 103 Mottram Old Road Stalybridge Cheshire SK15 2SZ
26 January 2023
## CURZON ASHTON COMMUNITY FOUNDATION
## Statement of Financial Activities
Year ended 31 March 2022
||**2022**|**2022**|**2021**|**2021**|
|---|---|---|---|---|
||**Restricte**
**d funds**|**Total**
**funds**|**Restricte**
**d funds**|**Total**
**funds**|
|**Note**|**£**|**£**|**£**|**£**|
|**Income and endowments**|||||
|Donations and legacies
4|97,483|97,483|75,441|75,441|
|**Total income**|**97,483**|**97,483**|**75,441**|**75,441**|
|**Expenditure**|||||
|Expenditure on raising funds|||||
|Costs of raising donations and
legacies
5|87,716|87,716|62,583|62,583|
|**Total Expenditure**|**87,716**|**87,716**|**62,583**|**62,583**|
|**Net income and net movement in**
**funds**|**9,767**|**9,767**|**12,859**|**12,859**|
|**Reconciliation of funds**|||||
|Total funds brought forward|31,864|31,864|19,005|19,005|
|**Total funds carried forward**|**41,631**|**41,631**|**31,864**|**31,864**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.
4
## CURZON ASHTON COMMUNITY FOUNDATION
Statement of Financial Position 31 March 2022
|||**2022**|**2021**|
|---|---|---|---|
|||||
|**Note**||**£**|**£**|
|**Current Assets**||||
|Cash at bank and in hand||58,399|69,541|
|Prepayments||3,333|3,333|
|**Total Cash at bank and in hand**||**61,73**
**2**|72,874|
|||||
|**Creditors: amounts falling due within one**
**year**
9||**20,10**
**1**|41,010|
|||||
|**Net Current Assets**||**41,63**
**1**|31,864|
|||||
|**Total Assets less Current Liabilities**||**41,63**
**1**|31,864|
|||||
|||||
|**Net Assets**||**41,63**
**1**|31,864|
|||||
|||||
|**Funds of the Charity**||||
|Restricted Funds||41,631|31,864|
|||||
|**Total Charity Funds**
11||**41,63**
**1**|31,864|
|||||
|||||
|||||
These financial statements were approved by the board of trustees and authorised for issue on 30 January 2023, and are signed on behalf of the board by: Mr A Truett Trustee
The notes on pages 7 to 11 form part of these financial statements.
5
## CURZON ASHTON COMMUNITY FOUNDATION
## Statement of Cash Flows
Year ended 31 March 2022
||**2022**|**2021**|
|---|---|---|
|**Note**|**£**|**£**|
|**Cash fows from operating activities**|||
|Net Income|9,767|12,859|
||||
|Adjustments for:|||
|(Increase) / Decrease in Debtors|0|(3,333)|
|Increase / (Decrease) in Creditors|(20,91
0)|39,510|
|Cashgenerated from operations|(11,14
3)|49,036|
|Net cash from operatingactivities|(11,14
3)|49,036|
|**Net increase in cash and cash**
**equivalents**|(11,14
3)|49,036|
|**Cash and cash equivalents at beginning**
**ofyear**|69,541|20,505|
|**Cash and cash equivalents at end of year**|**58,39**
**8**|**69,54**
**1**|
The notes on pages 7 to 11 form part of these financial statements.
6
## CURZON ASHTON COMMUNITY FOUNDATION
## Notes to the Financial Statements
Year ended 31 March 2022
## 1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Tameside Stadium, Richmond Street, Ashton Under Lyne, OL7 9HG.
## 2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
## 3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
There are no estimates used in any of the accounting policy requirement.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
## CURZON ASHTON COMMUNITY FOUNDATION
## Notes to the Financial Statements
(continued) Year ended 31 March 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## Resources expended.
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
8
## CURZON ASHTON COMMUNITY FOUNDATION
## Notes to the Financial Statements
## (continued) Year ended 31 March 2022
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
||recognised.||
|---|---|---|
|4.|Donations and legacies||
|||Restricted Total Funds Restricted Total Funds|
|||Funds**2022**Funds 2021|
|||£ £ £ £|
||Donations||
||Donations type 1|97,483 97,483 75,441 75,441|
|5.|Costs of raising donations and legacies||
Restricted Total Funds Restricted Total Funds Funds **2022** Funds 2021
£ £ Costs of raising donations 87,716 87,716 62,583 62,583 and legacies - Donations
9
## CURZON ASHTON COMMUNITY FOUNDATION
## Notes to the Financial Statements
## (continued) Year ended 31 March 2022
|6.|Independent examination fees||||||
|---|---|---|---|---|---|---|
||||2022|||2021|
|||||£||£|
||Fees payable to the independent examiner for:||||||
||Independent examination of the fnancial statements|||600||600|
||||═══════|||═══════|
|7.|Staf costs||||||
||The total staf costs and employee benefts for the reporting period are analysed as follows:||||||
|||||2022||2021|
||||||£|£|
||Wages and salaries||53,221|||47,525|
||||════════|||════════|
||The average head count of employees during the year was 2 (2021: 2).||||||
||No employee received employee benefts of more than £60,000|||during the year (2021: Nil).|||
|8.|Trustee remuneration and expenses||||||
||No remuneration was received.||||||
|9.|Creditors: amounts falling due within one year||||||
|||||2022||2021|
||||||£|£|
||Income in Advance||17,500|||36,424|
||Accruals and deferred income|||2,601||4,586|
|||||||--------|
|--------|||||||
|||||20,101||41,010|
||||═══════|||═══════|
|10.|Analysis of charitable funds||||||
||Restricted funds||||||
|||||||At|
|||At|||31 March 2022||
||1|April 2021|Income Expenditure||||
|||£|£|£||£|
||Restricted Funds|31,864|97,483|(87,716)||**41,631**|
|||════════|════════|════════||════════|
|11.|Analysis of net assets between funds||||||
|||Restricted|Total Funds||Restricted Total Funds||
|||Funds|**2022**||Funds 2021||
|||£|£|||£ £|
||Current assets|61,732|61,732|
72,874||72,874|
|Creditors less than 1 year (20,101) (20,101)||(41,010) (41,010)|
|---|---|---|
|──────── ────────|────────|────────|
|Net assets 41,631 41,631|31,864|31,864|
|════════ ════════|════════|════════|
10
## CURZON ASHTON COMMUNITY FOUNDATION
Notes to the Financial Statements (continued)
Year ended 31 March 2022
12. Financial instruments (continued)
No disclosure is required.
13. Analysis of changes in net debt
At At 1 Apr 2021 Cash flows31 Mar 2022 £ £ £ ════ ════════ ════════
Cash at bank and in hand 69,541 (11,143) 58,398
11
## CURZON ASHTON COMMUNITY FOUNDATION
Appendix 1 – Analysis of Income
Year ended 31 March 2022
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Armed Forces Covenant|55,674|33,25
0|
|Tameside MBC|9,260|-|
|The National League|9,000|11,00
0|
|New Charter Homes|-|10,00
0|
|Covid-19 Response|-|9,400|
|HMRC JRS|-|5,105|
|ESC Lottery Fund|-|4,000|
|Action Together|6,000|986|
|Tameside Sports Trust|3,800|-|
|Man v Fat|3,400||
|Forward as One|2,900|980|
|Groundwork|-|500|
|Class Outsourcing|-|190|
|Walking Football|1,245|21|
|MG Domestic|1,000|-|
|Manchester Guardian Society|750|-|
|DB Garden Nurseries|500|-|
|Pareto Financial Planning Ltd|500|-|
|Misc Donations|3,454|10|
97,48
75,44
12