CHARITY REGISTRATION NUMBER.. 1178657 CURZON ASHTON COMMUNITY FOUNDATION Unaudited Financial Statements 31 March 2024 FQW)ED196J Adams Accountin 103 Mottram Old Road Stalybridge Cheshire SK15 2SZ Services Ltd CURZON ASHTON COMMUNITY FOUNDATION Flnan¢ial Statements Year ended 31 March 2024 Page Truslees, annual report Ind8pendent examiner's report to the trustees Statement of financial aclivities Stalemenl of financial position Statement of cash flows Noles lo Ihe financlal slalements 7t011 Appendix 1- Analysis of Income 12 CURZON ASHTON COMMUNITY FOUNDATION Trustees. Annual Report Year ended 31 March 2024 The Irustees present their reporl and the unaudited financial staternents ol the charity for the year ended 31 March 2024. Ref8r8nce and adminlstrative details CURZON ASHTON COMMUNlfl FOUNDATION Reglstered charity name Charity regisl¥ation number 1178657 Prlnoipal oflic8 TAMESIDE STADIUM RICHMOND STREET ASHTON UNDER LYNE OL7 9HG Thè trustees Ernma Toone Gemma Whittaker Wayne Salkebj Mlck Adams. ACMA, CGMA. Independent examiner Structura. governance and mana9omgnt The organisallon slruclur8 consists of four trustees whom are primarhly responsible for the management of the enlity. The truste8s meet quarterly. with all meetings minu18d. All trus18És shall hold their position for a lerm of thraa years. Objactlves and aetlvltles The main objective of the organisatlon is to provide facilities being land, bulldings, 8quipment and organising sportlng activities to the benefit ol the general public and inhabitÈnls of Ashton Under Lyne and the surrounding area. Playing ol football alongside other sports and projects Capable of improving health and to provide opportunities and facilltl8s for sport, recreation and leisure to all ages, in particular to those in need given inflmity, disablemenl, poverty and economlc CAr¢umstances. Achlevbmonts and p8rformanc8 Th8 charity is still committed to deliverin9 W8èkly football-based community activitlOS to th8 p80ple of Ashton-under-Lyne and surrounding areas, through varitsus projects and initiatives. Thè Foundation is pleased lo be able to offer 'Aflordable Football, to local families to attend Curzon Ashton FC Nats"onal Le8gu8 Norlh horne fixtures at a low cost, provide the opporlLJnity for adulls with disabilllieslle8ining difficultles io play lor one of our two Adult PAN-Disability teams. During this p8rlod welje been awarded funding to d81iver thirty 81ght after school sessions al a local SEND Secondary school, with th8 aim of creating an U16'9 PAN-Dlsability teatH. creating a pathway for play8rs with a dis8bilily. We are also proud lo be fundEd to deliv8r 100 he8lthy meals a week, lo vulnerabl8 families in Tameslde, as part ol the 'Winter Pressure Fund, pot of funding. Also during this linanclal year, w8 oncè again deliver8d the local stage of the Nation81 League Trust U1 J's Cup. giving over 70 Tameside Primary Schools the opportunity to anter a team in either a boys/mix8d or girls lournament, leading pot8ntlally to a Wembley StadiLJm Final. CURZON ASHTON COMMUNITY FOUNDATION Trustees. Annual Report (conllnu£dJ Year ended 31 March 2024 Financial revlew The foundatlon has obtained successful funding in order to fund all core costs and project delivery. Financial position ol the foundation is as healthy as can be 8xpected. The foundatK>n operated a surplus for th8 year ended 31 March 2024 and is able to meel its ongoing finaneial requlrements, Th8 trustees. annu81 report was approved on 28 January 2025 and signed on b8hall of th8 board ol Irus188s by.. on - frustee CURZON ASHTON COMMUNITY FOUNDATION Independent Examiner's Report to the Trustees of CURZON ASHTON COMMUNITY FOUNDATION Year ended 31 March 2024 I report to the trLJStees on my examination of the financial statements (rf CURZON ASHTON COMMUNITY FOUNDATION I'lhe charilll for the year ended 31 Maich 2024. Responsibilit195 and basis of report A5 the tmstees of the charity you are responsible for the preparatlon of the financial statemènts In accordanee wilh the r8quSremenls ol the Charili85 Act 2011 I'the Acl'l. I report In respect ol my examination of the charitls financial statements carried out uwider section 145 01 the 2011 Act and in carrying out my examination I have followed all the applicable DireGtlons given by th8 Charity Commission under section 14515llbl af the Acl. Independent 8xamlner'$ statement I have ￿Mpleted my examination. I confirm that no materiBI matl8rs have come to my attention In connectlon with the ex8mln3tlon giving me caus8 to believ8 that in any material resp8cI'. awunllng records were not k&pt in respect ol the ¢h8rlty as required by sèciion 130 of the Act., or the linanclal statements do not accord with thoso records., or the financial statements do not comply with the appli¢able requirements concerning the form and content of accounts sel out in the Charitles (Accounts snd Reports) Regulations 2008 other than any requirement that the accounts giv8 a 'lrue and laiv view which Is not a matter considered as part ol ari ind8pendent examination. I have no concerns and have Come across no other m8t18rs In connectlon with the examlnation to which attention should be drawn in this report in order to enablg a proper understanding of the accoun19 to be reached. Miok Adam5 ACMA, CGMA. Independent Examiner Adams Accounting Services Lld 103 Mottram Old Road Stalybridge Cheshire SK15 2SZ 27 January 2024 CURZON ASHTON COMMUNITY FOUNDATION Statement of Financlal Activities Year ended 31 March 2024 2024 2023 Restrlctod funds Total funds Restricted fund5 Total funds Note Income and endowments Donatlons and legacl8s 34,433 34,433 43.911 43.911 43,911 Total Income 34,433 34,433 43,911 Expèndlture Exp8ndlture on raising funds Cosls of raising donations and acies 36.595 36,595 82,982 82,982 Total Expenditure 36,595 36,595 82,982 82.982 Nèt Income and net movement in funds 12.1621 12,162) 139,0711 139,071) Reconciliatlon of funds Total funds brought fomard 2,560 2,560 41,631 41,631 Total fund5 Carried forward 398 398 2,560 2,560 The ststernent ol financial activities indudes all g8lns and losses recognised in Ihe year. Ml income and expenditure derive from continuing activltles. The notes on pa￿& 7 to 11 form part of these financlal statements. CURZON ASHTON COMMUNITY FOUNDATION statement of Financial Positlon 31 March 2024 2024 2023 Note Current Assets Cash at bank and in hand Piepaymenls Total Cash at bank and in hand 998 22,655 998 22,655 Credltors: amounts falling du8 wlthln one year 600 20,095 Net Current Assets 398 2,560 Total Assets less Current Llabilities 398 2,560 Nat Assets 398 2,560 Funds of the Charlty R95triGted Funds 398 2,560 Total Charlty Funds 11 398 2,560 These finandal 8talem6ntS Wgr8 approved by th8 board of trustees and authorised for issue on 28 January 2025, and are signed on behalf of th8 board by.. John Clayton Trustee The ntstes pagès 7 to 11 form part of these ftnancial statements. CURZON ASHTON COMMUNITY FOUNDATION Statement of Cash Flows Year ended 31 March 2024 2024 2023 Note Cash flows from operating actlvities Net Income 12,162) 139,071) Adjustments for.. Ilncrease) l Decrease in Debtors Increase I IDecreasel In Creditors 119,4951 161 Cash generated from operations 121.6571 135,744) Net cash from operating activities 121,657) 135,744) Net Increase l {decrease) in cash and cash equlvalents Cash and cash equivalents at beglnnlng of year 121,6571 22,655 135.744) 58,399 Cash and cash equlvalents at end of year 998 22,655 The notos on pages 7 to 11 form part of the$È fln8nclal stat6ment$. CURZON ASHTON COMMUNITY FOUNDATION Notes to the Financlal Statements Year ended 31 March 2024 General informatlon The charlty is a public benefit entlty and a reglstered charlty in England and Wales and is unlncorporated. The address of the principal office is T8meside Stsdium, Rlchmond Streel, Ashton Under Lyn8, OL7 9HG. Statemgnt of compllance These financial statements have been pr8pared in compliance wlth FRS 102, Financial Reportlng Standard appllcable in th8 UK and the Republic of Ireland,. the St8lement of Recommended Practice applicable to chari1188 preparing their accounts in accordance with the Financial Reporting Standard applicabl& in the UK and Republic ol Ireland IFFIS 102) (Charities SORP IFRS 10211 and the Charflles Act 2011. Accounting policles Basls of preparatlon The flnanclal statements havo been prepared on the historical cost basis, as modllied by the revaluatlon of certain financial assets and liabS1ities and Investment propèrties m8asured at fair value through incorne or expenditure. The fin8ncial statements 8re prepared In ste¥ling, which is the functional currency of the enlity. Golng Concem There are no mat8rial Uncertainl￿S about Iho charills ability to continue. Judgements and k8y sources of estlmatlon uncortainty There are no esllm8tes used in any of Ihe accounting policy requirement. Fund accountlng Unrestrlcted funds ar6 available for use at the discT811on of the trustees lo further any of the charit5ls purposes. Deslgnated funds arts unrestricted funds earmarked by the trustees for partlcular future projèct or mmltmenL Restricled funds are subjected lo restrictions on their exp8ndituro declared by the donor or through the terms of an appeal and tsll Into or)e of two sub-classes.. restricted income funds or endowment funds. CURZON ASHTON COMMUNITY FOUNDATION Notes to the Finan¢lal Statements l¢onlinuo Year ended 31 March 2024 Accounting pollcles {¢onllJJuedl Incomlng resources All incoming resources are induded in the Statement of flnancial aclivities when entitlemont has passed to the charity., il is PTobable that the 8conomic benefits associated with the transaction will flow to the charily and the amount ¢8n be reliabty tHeasured. The following specific policies are 8pplied to particular categories ol In￿me.. income from donations OT grants Is recognlsed when there is evidence ol entitlement lo the glft. receipt is probable, and lis amount can bo measured r8liBbly. legacy Income Is recognlsèd when recelpt is probable and entitlement Is establlshed. Income from donated goods is measured at the fair value ol the goods unless this is IrnpTacti¢al lo measure reliably, In which case the value is derived from the costto the donor or the estimated resale value. Donated facilities and services are re¢ognised in the accounts when received il the vaSue can b8 r811ably measured. No amounts are included for the contribution of gèneral volunteers. income from contracts for the supply of services is r8cognised with the dellvery of the contracted sarvice. This classified as unrestricted funds unless there Is a contractual requirem8nl for it to be spent on a partlcular purposg and return8d if unspent, In whi¢h case it may be regarded as re8tricled. Resources axpended Expendilur8 is recognised on an acuual8 b88is as a liabllity is incurred. Expenditure includes any VAT which ¢annot be fully recovered, and is dassifled sjnder headings of the statement of financial aclivi118s lo which it relates.. expèndilure on raislrsg funds includes the costs of all fundralslng activitltrs, events, non-ch8ritable trading 8ctivities, and tha sale of donated goods. expendlture on charitable activities Includes all Costs incurr8d by a charity in undertaking actlvlties thal further Ils charilab18 aims for the benefit of its beneliciarles. indudlng thos8 support costs and costs relating to the gov8rM8nce of th8 charily apportioned to charitable acllvlties. olhBr expendilure includes all expenditure Ihal Is neither r818ted to ralsing ftJnd8 for the charity nor part of lis expenditure on tharitable activities. All costs are allocated to exp8ndllure categorles reflecting the use of the resou￿. Direct ¢osts attrlbutable lo a single activily are allocated directly to that activity. Shared costs 8r8 apportioned between the activities they contribute to on a reasonable, juslifiable and consistent basis. Flnancial in5trumÈnts A financial asset or a financial liability is recognis8d only when the charity becomes a party to Ihe contractual provislons ol the instrument. Basic financlal instwments 8Te Inilially recognised at the amount receivable or payable ineludir any ￿lated transactlon costs. CURZON ASHTON COMMUNITY FOUNDATION Notes to the Financial Statements Iconllnuedl Year ended 31 March 2024 Accountlng pollcias Icontlhts6d) Flnanclal IE)StrumentS {conllnuu Current 85set5 and current liabilities are subsequently rneasured at lh8 C8sh or other consideratlofl expected to be pald OT received and nol discounted. Debt insirumenls are subsequenlly m8a5ured al arnortlsed cost. Wh8r8 investments in shares are publicly traded or their lair valuè can otherwise be m88sured reliably, the investment is subsequenlly measurèd at fair value witli changes in fair value recognlsed in income and 8xpendilure. All other such investments ar8 subsequently measured al cost less irnpaim)enl. Other financi81 Inslruments, including derivatives. are initially recognised at fair value. unl8SS payment lor an asset is deferred b8yond norm81 business terms or financed at a rate of Interest that is nol a mark8t rate, In which case the asset is measLsred al the present value ol th8 ftjture payments discounted at a market rate of interèst for a similar debt instrurnent. Other financial instruments are subsequently measured at f81r value. with any chang8s recognised in the statement ol financial activities, with thè exception of hedglng instruments in a designated hedglng rèlallonship. Financial assets that are measured at cost or amortlsed cost are revlfjwed lor objective evidence of impaimient at the end of each reporting date. 11 ther8 is objeclive evldence of lrnpairment, an Impairment loss is recognised under the appropriate heading in the statement of financl81 acllvitiès in which th8 irlitial gatn was r8cognised. For all equity instruments regardless of significance. and other financial as5et5 that are individually significant, these are assessed individually lor impalrmenl. Other financial assets are ellher assessed indpiidually or grouped on the basis of slmllar credit rlsk characteristics. Any reversals ol impairrnenl are reccKJni88d Immediale5y, to the exlent that the reversal does not result in a carrying amount of the linancial asset that exceeds what the carrying amount would hav8 been had the irnpairmenl not prevlously been r8cogni9ed. Donation5 and legacies Reslrictèd Total Fund5 Fund5 2024 Restrided Total Fund5 Funds 2023 DonatÉons Don8ilons type 1 34,433 34.433 43.911 43,911 Costs of ralslng donation5 and legacies Restrlcted Total Funds Funds 2024 R6stricled Total Fund5 Funds 2023 Costs ol raising donations and legacles- Donations 36,595 36,5g5 82.982 82,982 CURZON ASHTON COMMUNITY FOUNDATION Notes to the Financial Statements (GoTrliftufjdJ Year ended 31 March 2024 Independent examlnatlon fees 2024 2023 Fees payable to Ihg Independenl examinar for.. Ind8pendenl examination of the linan¢i81 statements 600 600 Staff costs The total staff ￿StS and employé8 benefits Iof the reporting p8riod are analysed as follows.. 2024 2023 Wages and salaries 22.126 46,369 The avgrage head count of gmployees during the year was 212022.. 2). No employe8 r8caSved employ88 b8nefils ol more than £60,000 during the yèar12022.. Nill. Trustee remunèration and expènses No remuneratlon was received. Credltors.. amounts falling due wlthln one yèar 2024 2023 Income in Advance Auruals and deferred Incom& 17,500 2.595 600 600 20,095 qo. Analysls of charltable funds Restrlcted funds Al 31 March 2024 Incomè Expenditure At 1 April 2023 Restri¢led Funds 2.560 34,433 136.5951 398 11. Analys15 of net assÈts between funds Restrfcted Totsl Funds Funds 2024 Reslric18d Total Funds Funds 2023 CuTf8nl assets Credllors less Ihan 1 year Net assets 998 16001 398 998 16001 398 22,655 120,0951 2,560 22,855 120,0951 2,560 10 CURZON ASHTON COMMUNITY FOUNDATION Notes to the Financlal Statements Icontiftvedl Year ended 31 March 2024 12. Financial instruments {contlnu8dl No disclosure is required. 13. Analysls of changès In net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash 81 bank and in hand 22,655 121.6571 998 11 CURZON ASHTON COMMUNITY FOUNDATION Appendix 1- Analysls of Income Year ended 31 March 2024 2024 2023 Armed Forces Covenant Tameside MBC Adult PAN - Disability Action Together Forward as One Holden Clough Victorius Trust Groundwork Walking Foolball Operation OCL Misc Donations The National League Oasis North West Sported Foundation 17,500 8,136 1,967 1,820 1,380 1,000 1,000 781 560 289 21,261 11,421 1,210 3,560 616 3,584 1,000 760 500 34,433 43,911 12