REGISTERED CHARITY NUMBER: 1180210
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
CHELTENHAM TOWN COMMUNITY TRUST
Mitchell Glanville Limited
41 Rodney Road Cheltenham Gloucestershire GL50 1HX
CHELTENHAM TOWN COMMUNITY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 August 2024
| Page | |
|---|---|
| Report of the trustees | 1 to 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 to 12 |
| Detailed statement of financial activities | 13 |
CHELTENHAM TOWN COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 August 2024
The trustees present their annual report together with the financial statements of the charity for the year ended 31 August 2024
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).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Cheltenham Town Community Trust is a Charitable Incorporated Organisation (CIO), governed by its Constitution dated 5 October 2018. The charity is registered with the Charity Commission (registered number 1180210).
Registered office
Cheltenham Town Football Club Whaddon Road Cheltenham Gloucestershire GL52 5NA
Trustees
Mr P R Godfrey P L C Baldwin Mr J P Murphy Mr D Bloxham Dr S Arora Mr P S Smith Mr PDH Jubb Mr GM Edmundson Mr J Fleming Mr T W Russon
Independent Examiner
Mitchell Glanville Limited 41 Rodney Road Cheltenham Gloucestershire GL50 1HX
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CHELTENHAM TOWN COMMUNITY TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Appointment of Trustees
The trustees who served during the year are set out on page 1. New trustees are appointed upon the recommendation of existing trustees and are approved by the board of trustees.
Organisation
The board of trustees administer the charity. The board meets on a quarterly basis where they agree the broad strategy and areas of activity for the trust including reserves and risk management policies and performance. Day to day responsibility rests with the Chief Executive Officer Simon Peruzza and Trust Manager Oliver Roberts.
Risk Management
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Reserves
It is the policy of the trust to maintain unrestricted funds to the level required to provide sufficient funds to cover wages and administration costs for a period of at least twelve months.
Public Benefit
The trustees have given due regard to the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and is satisfied they meet the requirements.
Objectives and Activities
The objects of the CIO are for the benefit of the public generally and, in particular, the inhabitants of Gloucestershire and surrounding areas:
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To assist and provide facilities for children, young people and their families to play sport whatever their ability or background.
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To assist and provide facilities for people to be physically active and to lead healthier lifestyles.
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To relieve sickness and to preserve and promote physical and mental health and wellbeing through healthy recreation.
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To advance and assist in advancing the education of children and young people.
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To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
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To advance such charitable purposes (according to the law of England and Wales) as the trustees see fit from time to time in particular but not limited to the above purposes.
Achievements and Performance Introduction
In season 2023/24, Cheltenham Town Community Trust delivered a total social value of £5,509,047 to the communities of Cheltenham. This means for every £1 of income £14 is re-invested in our community activities.
Physical Health - £349,677 Mental Health - £3,895,467 Social - £725,629 Education and Employment - £538,274
The Trust currently works with children, young people, and adults aged 18 months to 90 years, seeing over 6,000 individual participants per year.
The Trust is divided into 3 operational themes - Participation & Engagement, Health and Wellbeing and Education and Employability.
Participation & Engagement
After Schools Clubs - Delivery 25 clubs a week (ages 5 to 12) with currently 416 children attending, with schools on a waiting list.
Evening Centres - 3 centres a week with 25 children (ages 6-12) attending each venue, including girls only sessions.
Holiday courses - Holiday courses are delivered in every holiday period, 4/5 days a week including girls only courses (ages 6 -12). The courses are held at 3 different venues with an average 65 children attending each day.
College Coaching - We work with Wycliffe and Cheltenham College (ages 14-18) every academic year.
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CHELTENHAM TOWN COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 August 2024
Match Day Packages - We have on average 18 different youth teams attending a CTFC Saturday fixture over the course of a season, which includes a ground tour and coaching session.
Adult Disability Football - we have 5 teams that represent Cheltenham Town FC in the Gloucestershire ability accounts league - 30 players signed up, aged 16 to 30.
Youth Disability - Children aged 8 to 16 years attend our free youth disability session on a Monday night, once they reach the age of 16 they can join the adult team.
Little Robins - 16 children aged 18 months to 4 years attend fun activity sessions each week.
Further Community Engagement - The Trust also attends schools, clubs, youth teams, local events, with our speed gun challenge and club mascot Whaddney the Robin. In the summer we attended 14 events.
Premier League Primary Stars - We engage with most primary schools (ages 5-12) in Cheltenham offering, coaching, health and education support.
Premier League Kicks - We work in the hard-to-reach areas that primarily experience problems with anti-social behaviour, we work closely with Gloucestershire police and young people aged 8 to 18 years.
Premier League Fans Fund - This is a girl only engagement programme providing football activities for female participants [ages 8 to 60]. The programme also includes attending a home game with the view to creating greater diversity at CTFC home matches.
Health & Wellbeing
Talking Football - This Project engages participants aged 50 to 90, they attend tea and coffee mornings twice a week at selected venues.
Holiday Activities and Food Programme (HAF ) - Delivered during Easter and the Summer, we provide holiday course sessions for children (ages 5-13) who are on free school meals, this includes providing a hot meal each day they attend.
Parkinson's Disease - Weekly sessions supporting participants who are living with Parkinson's, this programme is for all ages.
Dementia - Sessions provided in care homes supporting participants living with dementia or memory loss.
Education & Employability
Post 16 OCR [Oxford Cambridge RSA] Sports course - We currently have 24 students studying on our 2-year OCR Sports Education Course.
USW Degree - We currently have 7 students working towards a full honour's degree with the Trust. The course is linked to the University of South Wales.
Football Short Courses - Attending selected secondary schools delivering an 8-week football coaching programme with educational support.
Financial Review
The results for the year ended 31 August 2024 show total income of £393,812 (2023 : £354,803 and resources expanded were £396,912 (2023 : £352,497).
Trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a Trustees' Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing the financial statements, the trustees are required to:
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CHELTENHAM TOWN COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 August 2024
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Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles in the applicable Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
Approved by order of the board of trustees on 24[th] June 2025 and signed on its behalf by:
Mr P S Smith - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHELTENHAM TOWN COMMUNITY TRUST
Independent examiner's report to the trustees of Cheltenham Town Community Trust ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
A J Evans FCCA
Mitchell Glanville Limited 41 Rodney Road Cheltenham Gloucestershire GL50 1HX
Date: 24[th] June 2025
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CHELTENHAM TOWN COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 August 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 99 Charitable activities Grant funding 168,844 Earned Income 117,913 Charitable Activites - Other trading activities 2 - Investment income 3 1,956 Total 288,812 EXPENDITURE ON Charitable activities Charitable Activites 255,831 Governance and support costs 36,081 Total 291,912 NET INCOME/(EXPENDITURE) (3,100) RECONCILIATION OF FUNDS Total funds brought forward 261,349 TOTAL FUNDS CARRIED FORWARD 258,249 |
Restricted fund £ - 105,000 - - - 105,000 105,000 - 105,000 - - - |
2024 Total funds £ 99 248,844 142,913 - - 1,956 393,812 358,026 38,886 396,912 (3,100) 261,349 258,249 |
2023 Total funds £ 84 246,831 105,956 (25) 4 1,953 354,803 - 313,147 39,350 352,497 2,306 259,043 261,349 |
|---|---|---|---|
The notes form part of these financial statements
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CHELTENHAM TOWN COMMUNITY TRUST
BALANCE SHEET
31 August 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 8,897 CURRENT ASSETS Debtors 9 16,366 Cash at bank and in hand 248,229 264,595 CREDITORS Amounts falling due within one year 10 (15,243) NET CURRENT ASSETS 249,352 TOTAL ASSETS LESS CURRENT LIABILITIES 258,249 NET ASSETS 258,249 FUNDS 11 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - |
2024 Total funds £ 8,897 16,366 248,229 264,595 (15,243) 249,352 258,249 258,249 258,249 258,249 |
2023 Total funds £ 11,701 7,122 259,100 266,222 (16,574) 249,648 261,349 261,349 261,349 261,349 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24[th] June 2025 and were signed on its behalf by:
Mr P S Smith - Trustee
The notes form part of these financial statements
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CHELTENHAM TOWN COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 August 2024
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 income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost
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.
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.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. OTHER TRADING ACTIVITIES
2024 2023 £ £ Lottery commission - 4
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CHELTENHAM TOWN COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 August 2024
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Interest receivable - trading | 1,956 | 1,953 |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Net income/(expenditure) is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation - owned assets | 2,804 | 4,826 |
| Hire of plant and machinery | 1,658 | 1,589 |
| Other operating leases | 7,950 | 7,950 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
7.
| Full time Part time No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 84 Charitable activities Grant funding 176,831 Earned Income 105,956 Charitable Activites (25) Other trading activities 4 Investment income 1,953 Total 284,803 EXPENDITURE ON Charitable activities Charitable Activites 255,831 Governance and support costs 36,081 Total 282,497 |
2024 10 2 12 Restricted fund £ - 70,000 - - - - 70,000 70,000 - 70,000 |
2023 9 3 12 Total funds £ 84 246,831 105,956 (25) 4 1,953 354,803 313,147 39,350 352,497 |
|---|---|---|
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CHELTENHAM TOWN COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 August 2024
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ NET INCOME 2,306 - RECONCILIATION OF FUNDS Total funds brought forward 259,043 - TOTAL FUNDS CARRIED FORWARD 261,349 - 8. TANGIBLE FIXED ASSETS Motor Computer vehicles equipment £ £ COST At 1 September 2023 and 31 August 2024 14,434 9,340 DEPRECIATION At 1 September 2023 4,811 7,262 Charge for year 1,924 880 At 31 August 2024 6,735 8,142 NET BOOK VALUE At 31 August 2024 7,699 1,198 At 31 August 2023 9,623 2,078 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Trade debtors 4,619 Accrued income 7,920 Prepayments 3,827 16,366 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Trade creditors 3,611 Social security and other taxes 5,691 Net wages due 1,665 Pension creditor 1,165 Deferred income - Accrued expenses 3,111 15,243 |
Total funds £ 2,306 259,043 261,349 Totals £ 23,774 12,073 2,804 14,877 8,897 11,701 2023 £ 3,832 - 3,290 7,122 2023 £ 2,661 5,789 - 1,085 3,625 3,414 16,574 |
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CHELTENHAM TOWN COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 August 2024
11. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted grants TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS Comparative net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted grants TOTAL FUNDS |
Net movement At At 1/9/23 in funds 31/8/24 £ £ £ 261,349 (3,100) 258,249 261,349 (3,100) 258,249 Incoming Resources Movement resources expended in funds £ £ £ 288,812 (291,912) (3,100) 105,000 (105,000) - 393,812 (396,912) (3,100) Net movement At At 1/9/22 in funds 31/8/23 £ £ £ 259,043 2,306 261,349 259,043 2,306 261,349 Incoming Resources Movement resources expended in funds £ £ £ 284,803 (282,497) 2,306 70,000 (70,000) - 354,803 (352,497) 2,306 |
|---|---|
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CHELTENHAM TOWN COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 August 2024
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| A current year 12 months and prior year 12 months combined position is as | follows: | |
|---|---|---|
| Unrestricted funds General fund TOTAL FUNDS |
Net movement At 1/9/22 in funds £ £ 259,043 (794) 259,043 (794) |
At 31/8/24 £ 258,249 |
| 258,249 |
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 Restricted funds Restricted grants TOTAL FUNDS |
Incoming resources £ 573,615 175,000 748,615 |
Resources Movement expended in funds £ £ (574,409) (794) (175,000) - (749,409) (794) |
|---|---|---|
12. RELATED PARTY DISCLOSURES
During the year D Bloxham, J P Murphy and P Godfrey trustees of the charity were all directors of Cheltenham Town Football Club. The charity paid rent of £7,950 ( 2023: £7,950) to Cheltenham Town Football Club for premises it occupied and IT equipment it used.
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CHELTENHAM TOWN COMMUNITY TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 August 2024
| INCOME AND ENDOWMENTS Donations and legacies Gifts Other trading activities Lottery commission Investment income Interest receivable - trading Charitable activities Match day packages and tours Grants Soccer courses etc Internet safety courses Total incoming resources EXPENDITURE Charitable activities Wages Purchases Motor and travel expenses Hire of plant and machinery Rent Van running costs Insurance Telephone Postage and stationery Subscriptions Sundry expenses Payroll and bookkeeping Accountancy Human resources Consultancy support Training costs Depreciation of tangible fixed assets Bank charges Total resources expended Net (expenditure)/income |
2024 £ 99 - 1,956 4,700 267,664 119,393 - 391,757 393,812 300,357 33,301 6,423 1,658 7,950 9,995 3,364 1,948 361 775 214 6,853 1,320 1,553 14,400 1,130 2,805 2,505 396,912 396,912 (3,100) |
2023 £ 84 4 1,953 4,812 245,306 100,144 2,500 352,762 354,803 264,934 25,602 6,326 1,589 7,950 8,335 2,576 1,631 225 1,912 178 5,715 1,440 1,768 14,400 895 4,825 2,196 352,497 352,497 2,306 |
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This page does not form part of the statutory financial statements
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