**Charity registration number 1182682**
## **CARDINALS IN THE COMMUNITY**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **CARDINALS IN THE COMMUNITY**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Michael Deavin Lynne Newman Ian Cook Ian Nicholson (chair) Dan Jespersen (Appointed 14 April 2021) Jane Booth (Appointed 28 January 2022) Sean Carey (Appointed 3 November 2022) **Charity number** 1182682 **Principal address** The Laithwaite Community Stadium Kingfield Road Woking GU22 9AA **Independent examiner** F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF **Bankers** HSBC PO Box 160 12A North Street Guildford GU21 6EZ **Solicitors** Moore Barlow Concorde House 165 Church street East Woking GU21 6HJ
## **CARDINALS IN THE COMMUNITY**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7 - 8|
|Balance sheet|9|
|Notes to the financial statements|11 - 22|
## **CARDINALS IN THE COMMUNITY**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees present their annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 charity's objects as set out in the governing document are:-
To promote for the benefit of the inhabitants of Woking and the surrounding area the provision of facilities for playing football and other sports capable of improving health, for recreation or other leisure time occupation for individuals or groups who have the need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for public at large in the interests of social welfare and with the object of improving the condition of the life of the said inhabitants and there has been no change in these during the period.
## **Activities, overview and prospects**
Cardinals in the Community has continued to work with over 2,000 young people throughout the year. We have fulfilled our charitable objectives by running and supervising the following activities:
Curriculum time PE coaching After school clubs Soccer schools and holiday camps Mums’ football Walking football Girls’ football Team training Women’s football team Christmas community project Man v Fat Football academy – ages 9 to18 Visits to care homes
## **Curriculum time PE coaching**
Working with schools to provide a year-long programme of PE activities; we helped schools enter inter-school competitions and ran teams at these. We supported staff in the delivery of PE with participants aged between 5 and 11 years.
## **After school clubs**
We ran fun clubs for children in different sports during the term; clubs would typically run for an hour at the end of the school day for children aged 5 to11 years.
## **Soccer schools and holiday camps**
5-day soccer schools were held during the Easter and summer school holidays with participants aged between 4 and14 years. The morning sessions typically consisted of football skills and drills and afternoons would be fun games. The camps were multi sports and children have the opportunity to try different sports e.g. football, netball, rounders, cricket, hockey.
## **Mums’ football**
We held weekly sessions in the mornings so mums can drop their children at school with a fun club run alongside for younger children.
- 1 -
## **CARDINALS IN THE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Girls’ football**
Held on Tuesday evenings with girls aged under 11 years, sessions consisted of training and small-sided games with the aim of encouraging girls to join local teams.
## **Team training**
Helping local youth football teams with training on Saturday mornings, including helping team coaches with drills and development of players aged 8 to 14 years.
## **Women’s football team**
CITC incorporates the Woking FC Women’s team - we now have two women’s teams with over 40 players. The first team plays in the Southern Region Women’s League and the development team play in the Surrey FA Women’s League. Training takes place once a week, matches are on Sundays with an age range of 17-45 yearolds.
## **Christmas community project**
A highly successful programme in partnership with local charities and Woking Football Club. We raised several thousand pounds and focused on helping families struggling with food poverty by delivering food and prepared meals. In addition, Christmas trees were donated and we bought presents for the families.
## **Football Academy**
CITC runs Woking FC Academy and we are proud to offer a pathway to professional football, starting with players as young as 6 and 7 years old. Our coaching staff are all highly qualified, holding FA level 4 (UEFA A) and FA level 3 (UEFA B) qualifications, and we are committed to bringing out the very best in every player.
## **Man v Fat**
This year we introduced a **Man v Fat** programme for up to 60 men and also partnered with Woking Borough Council in a **Club 4 sports programme** for hundreds of youngsters over the summer.
## **Looking Forward**
In the coming year we are also focused on continuing and building on the following activities:
Visits to Care Homes Surrey Community Football League to support those struggling with Mental Health issues Maths of the Day Junior Citizens Birthday parties Supporting young carers Provide youngsters with work experience
## **New Premises**
After several years of planning and with support from Woking Borough Council and the Football Foundation, a full-size artificial grass pitch along with changing facilities, offices and a large club room, was constructed and in January 2022 we finally moved into our new base. Since that time the charity has been responsible for supervising and managing the facility on behalf of Woking Borough Council.
During the coming year several Trustees have given notice that, with the charity established, they will take a step back and the charity is also hugely in their debt. Alongside this however we welcome some excellent additional trustees who are keen to bring their relevant experience and expertise to the charity.
Finally, the charity will focus on strengthening our infrastructure as a foundation for Cardinals in the Community entering a time of fresh growth. We will be broadening our fundraising and funding foundation so that we can serve and help many thousands in the Woking community during these challenging times.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 2 -
## **CARDINALS IN THE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Policy on grant making**
Small gifts are occasionally given to individuals who are in a disadvantaged situation. Each gift is given serious consideration by the trustees based on need and fulfilment of the charitable objectives. There are no upper or lower limits of support and for each decision a minute is recorded at the Trustees' Meetings.
## **Contribution made by volunteers**
Cardinals in the Community is very grateful to the volunteers who give their time and resources regularly to serve the organisation and to enable us to do all that we do. Without these regular committed volunteers, we would not be able to function or achieve our objectives.
## **Achievements and performance**
Key Areas
Throughout the year the charity has continued to look at three main areas: firstly fitness levels of participants and the frequency that they access our services, secondly growth in self-esteem of the participants and thirdly the delivery of our lessons within schools.
Fitness Levels and frequency of activity in participants
Building on previous work we have continued to work closely with Active Surrey and Woking Borough Council to identify the least active schools for PE and the least active areas within the Borough of Woking. This includes the number of school sport events that schools attend, and Woking Borough Council's aim to increase activity levels in particular areas. Some schools only attend 0/1/2 events throughout the year out of over 20 on offer and there are also a lower number of girls participating. In 2 areas of Woking, 90% of children do not attend any external clubs.
From the data we have collected we note that children are accessing our courses more than once, many sign up for the after schools’ clubs for the whole of the school term. We have tried to be diverse in the sports we offer to appeal to all children.
The schools where we act as PE Coordinators now attend up to 10 events per year in varying sports. When delivering PE in schools we perform baseline fitness tests once a year. We are responsible for writing reports on children at the end of the school year.
Our data shows that fitness levels in most participants have increased and, to help this improve, we have worked with schools and now spend time during a lesson explaining the importance of fitness, exercise and healthy eating.
Growth in self-esteem.
The most notable growth in self-esteem has been within our pioneering Surrey Community Football League (SCFL) programme. Many of the teams have reported to us that people are returning to work either on a part time or full-time basis.
The above activities have a significant, positive impact on our community.
- 3 -
## **CARDINALS IN THE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Financial review**
Highlights of the finances for the first accounting period are as follows:
With the management team, the Trustees agree a budget (income and expenditure) at the start of the year and this is monitored closely through the year with the Trustees receiving monthly written reports as well as verbal reports during Trustee meetings.
Total income for the year ending 31st March 2022 was £508,947 and total resources expended were £465,342.
We received a number of grants throughout the year, the largest being from the National League Trust which amounted to £12,500 relating to the “Opportunities for All” programme
We finish the year with an unrestricted deficit of approximately £761 and an unrestricted fund balance of £113,073.
The Trustees are therefore pleased to report that the financial performance of the trust is favourable this year and are confident that the charity operates good financial controls. This can be evidenced in the attached accounts.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will 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 to ways in which additional funds may be raised. This level of reserves has been maintained throughout the period.
At the period end, unrestricted reserves represented 3.4 months of unrestricted expenditure.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation registered on 28th March 2019.
The trustees who served during the year and up to the date of signature of the financial statements were: Michael Deavin
Bryan Cross (Resigned 7 May 2021) Lynne Newman Ian Cook Ian Nicholson (chair) Geoff Ward (Resigned 28 January 2022) Dan Jespersen (Appointed 14 April 2021) Tim Beasley (Appointed 13 August 2021 and resigned 18 October 2022) Jane Booth (Appointed 28 January 2022) Sean Carey (Appointed 3 November 2022)
The Trustees have resolved that whenever a trustee departs, a skills audit of the remaining trustees will be carried out. Efforts to recruit a replacement will take account of the skills audit and the skills being lost by the departure. Consideration will also be given at that time to any other skills that the trustees feel should be added to supplement those of the existing trustees.
Woking Football Club Limited may appoint up to two trustees to the charity nominated by the Football Club Board. At this time Ian Nicholson is Football Club Trustee and a representative of the football club is attending meetings to help maintain a positive link with our primary partner.
- 4 -
## **CARDINALS IN THE COMMUNITY**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Decision making structure**
The day-to-day work of the charity is managed by a small staff leadership team and all decision-making authority is delegated to this team. The leadership team reports to the Trustees regularly and reports on progress, issues, finances, and any other relevant items. Trustees also offer relevant expertise and advice.
The trustees' report was approved by the Board of Trustees.
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..............................
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.............................. Ian Nicholson (chair) **Trustee**
Date: 26[th] January 2023
- 5 -
CARDINALS IN THE COMMUNITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CARDINALS IN THE COMMUNITY
I report to the trustees on my examlnthn of tho Ilnandal statements of CardinaLs in the Communlty (the charfty)
for the year ended 31 March 2022.
Responslbllltlgs and basls of r•port
As the Iru8tees of the charrty you are respon8ible for the preparation of th8 financLql 8tateThnts In accordanca
wlth th• requir6ments of the Chartlies Act 2011 {the 2011 Act).
I report In respect of my 8xamlnatlon ol the tharws flnandal statements carfed out under seclon 145 of the
2011 Act. In carying out my examination I have fdlowèd all tha applKabl8 DIrertnfy grven by tho Charity
Commlsslon under section 145{5)(b) of thé 2011 A¢L
Ind•p•nd•nt •xamln•rfs stat•m•nt
Slnce the charity's gross income exceed £250.000 your examlner must be a member of a body Ilsted In
section 145 of th8 2011 Act. I confirm that l am quallfied to undertake the examlnatlon bacausa l am a m8mber of
tho Assoclatlon of Chartered Certlfi6d Acc*)untants. whth 1$ ong oftts Il¥tod bodlos.
Your attenllon 18 drawn to thfj fa¢t that the charlty has prepaTed finandal statemnts In accordance wlth
Accounting and Reports'ng by Charit$ preparing their accounts in accordarKe wtth thg Financial Reportlng
Standard ap1¢able In the UK and Republic of Ireland {FRS 102) in preference to the Acxounllng and RgPQrting
by Charftles.. Statement of Recommended Prncti¢6 issued on 1 April 2005 whKh is referrod lo in the extant
r8gulation8 but has now boon wlthdrawn.
l under8tand that Ihls h8s beèn dong In ordor for finandal 8tatem8nts to provide a true and falr vlew In
accordance wlh Generalty Accepted Accwntlng Practlc8 effectiva for reportlng perf¢)ds boglnning on or after 1
January 2015.
I have compl6t8d my oxaminotion. I COnfin that no matter8 have come to my attantlon In connéction wlth th•
examination giving me cause lo believe that in any motgrial respecL
accountlng records were not kapt In ro$peGt of tho charity as requlred by 8ec*lon 130 of the 2011 Act; or
the financ4818tatemènts do not a¢¢ord with those records., or
the financlal ststemènls do not compty the applicable requirements &)nc8mlng th8 fomi and ¢onlont of
aG¢ounts sel out in the Charities (Accounts and Rep) Regulations 2008 other than any requiremant that
the accounts glve a true and fair view thich is not a matter considered as part of an indep8ndenl
examlnation.
I have no cceMS and have coma a¢ross no other matters In connection with the examlnatlon to whl¢h attontion
should b8 drawn In thls report In or(ler lo enable a proper understsndlng of the finawal statements to be
reached.
F J Wllde FCCA MBA DChA
Wamer Wllde
4 Marigold Drlve
Bisley
Surrey
GU24 9SF
1013
## **CARDINALS IN THE COMMUNITY**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
71,196
35,763
Charitable activities
**4**
353,548
44,127
Investments
**5**
13
-
Material other income
4,300
-
**Total income**
429,057
79,890
**Expenditure on:**
Raising funds
**6**
30,112
474
Charitable activities
**7**
367,455
67,501
Other
**11**
(200)
-
**Total expenditure**
397,367
67,975
**Net incoming resources before transfers**
31,690
11,915
Gross transfers between funds
(32,451)
32,451
**Net (expenditure)/income for the year/**
**Net movement in funds**
(761)
44,366
Fund balances at 1 April 2021
113,834
7,501
**Fund balances at 31 March 2022**
113,073
51,867|**Total**
**2022**
**£**
106,959
397,675
13
4,300
508,947
30,586
434,956
(200)
465,342
43,605
-
43,605
121,335
164,940|**Total**
**2021**
**£**
99,309
229,544
37
3,000
331,890
19
283,484
392
283,895
47,995
-
47,995
73,340
121,335|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 7 -
## **CARDINALS IN THE COMMUNITY**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Prior financial year**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
76,905
22,404
Charitable activities
**4**
222,809
6,735
Investments
**5**
37
-
Material other income
3,000
-
**Total income**
302,751
29,139
**Expenditure on:**
Raising funds
**6**
19
-
Charitable activities
**7**
255,546
27,938
Other
**11**
392
-
**Total expenditure**
255,957
27,938
**Net incoming resources before transfers**
46,794
1,201
Gross transfers between funds
(6,300)
6,300
**Net (expenditure)/income for the year/**
**Net movement in funds**
40,494
7,501
Fund balances at 1 April 2020
73,340
-
**Fund balances at 31 March 2021**
113,834
7,501|**Total**
**2021**
**£**
99,309
229,544
37
3,000
331,890
19
283,484
392
283,895
47,995
-
47,995
73,340
121,335|
|---|---|
- 8 -
## **CARDINALS IN THE COMMUNITY**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Stocks
**13**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2022**
**£**
187
57,695
132,442|**£**
9,980
154,960
164,940
51,867
113,073
164,940|**2021**
**£**
100
30,060
139,016|**£**
4,331
117,004|
|---|---|---|---|---|
||190,324
(35,364)||169,176
(52,172)||
||||||
|||||121,335|
|||||7,501
113,834|
|||||121,335|
The financial statements were approved by the Trustees on ............... ..........
26[th] January 2023 Ian Nicholson (chair) **Trustee**
- 9 -
## **CARDINALS IN THE COMMUNITY**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**20**
**Investing activities**
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Investment income received
**Net cash used in investing activities**
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
(7,145)
200
13|**£**
358
(6,932)
-
(6,574)
139,016
132,442|**2021**
**£**
(3,710)
-
37|**£**
55,682
(3,673)
-
52,009
87,007
139,016|
|---|---|---|---|---|
- 10 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
Cardinals in the Community is a Charitable Incorporated Organisation.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent 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 Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 11 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probably that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Office equipment 20% reducing balance Outside equipment 25% reducing balance Computers 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs .
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash 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.
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 12 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
- The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’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 estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates 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 future periods where the revision affects both current and future periods.
- 13 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and gifts
2,242
3,934
Grants (Community)
22,880
31,829
Membership fees
9,224
-
Donated goods and
services
36,850
-
71,196
35,763
**Charitable activities**
Sales within charitable activities
Ancillary trading income
Charitable rental income
Other income
Analysis by fund
Unrestricted funds
Restricted funds|**Total**Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
£
£
6,176
2
-
54,709
68,226
22,404
9,224
2,000
-
36,850
6,677
-
106,959
76,905
22,404
**2022**
**£**
351,742
911
44,127
895
397,675
353,548
44,127
397,675|Total
2021
£
2
90,630
2,000
6,677
99,309
**2021**
**£**
207,879
14,470
6,735
460
229,544
222,809
6,735
229,544|
|---|---|---|
## **4 Charitable activities**
Charitable Rental Income represents the income generated from renting the 3G pitch to entities external to the charity. The charity also uses the 3G pitch and has transferred the value of that use into the 3G pitch restricted fund in accordance with the lease agreement, the purpose of which is the maintenance of the pitch.
The value of the charity's use of the pitch in the year is £32,451 (2021: £6,300).
- 14 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **5 Investments**
||||**Unrestricted**|Unrestricted|
|---|---|---|---|---|
||||**funds**|funds|
||||**2022**|2021|
||||**£**|£|
|Interest receivable|||13|37|
|**Raising funds**|||||
||**Unrestricted**|**Restricted**|
**Total**|Unrestricted|
||**funds**|**funds**||funds|
||**2022**|**2022**|
**2022**|2021|
||**£**|**£**|
**£**|£|
|Fundraising and publicity|||||
|Advertising|30,112|474|
30,586|19|
||30,112|474|
30,586|19|
## **6 Raising funds**
- 15 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **7 Charitable activities**
|Staff costs
Depreciation and impairment
Freelance staff
Team and Player insurance
Match officials
Other match expenses
Pitch and venue hire
Registration fees
Footballs and other consumables
Travel and tour costs
Kit purchases and cleaning
Physios and medical costs
Other direct costs
Sundry expenses
Share of support costs (see note 8)
Share of governance costs (see note 8)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2022**
**£**
270,304
1,496
9,718
942
8,029
1,798
29,288
4,349
3,715
12,127
20,646
6,318
6,113
4,993
379,836
50,843
4,277
434,956
367,455
67,501
434,956|**2021**
**£**
201,124
737
3,093
470
3,321
473
12,088
3,520
3,287
4,370
20,825
2,840
3,057
626
259,831
19,732
3,921
283,484
255,546
27,938
283,484|
|---|---|---|
- 16 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**8**
**Support costs**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Staff costs
17,113
-
Printing, postage and
stationery
108
-
Insurance
1,973
-
Light, heat and water
10,796
-
Computer and IT costs
2,034
-
Telephone & Internet
653
-
Cleaning
1,118
-
Maintenance and small
equipment
7,012
-
Office rental
6,250
-
Safety and first aid
3,786
-
Independent Examiners
fees
-
1,396
Bank charges
-
181
legal and professional
fees
-
528
Payroll costs
-
2,172
50,843
4,277
Analysed between
Charitable activities
50,843
4,277|**2022**
Support
costs
Governance
costs
**£**
£
£
17,113
6,233
-
108
1,077
-
1,973
1,848
-
10,796
1,059
-
2,034
1,657
-
653
909
-
1,118
209
-
7,012
63
-
6,250
6,677
-
3,786
-
-
1,396
-
1,252
181
-
64
528
-
480
2,172
-
2,125
55,120
19,732
3,921
55,120
19,732
3,921|2021
£
6,233
1,077
1,848
1,059
1,657
909
209
63
6,677
-
1,252
64
480
2,125
23,653
23,653|
|---|---|---|
## **9 Trustees**
During the year, Ian Nicholson received remuneration from the charity of £2,700 as consideration for acting as CEO for a three month period prior to the appointment of a permanent CEO.
## **10 Employees**
The average monthly number of employees during the year was:
||**2022**|**2021**|
|---|---|---|
||**Number**|**Number**|
|Employees|20|19|
- 17 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**10**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**(Continued)**
**2022**
**2021**
**£**
**£**
266,827
194,075
14,631
9,069
5,959
4,213
287,417
207,357|
|---|---|
The charity had on average 20 (2021: 19) employees ranging from full-time, part-time to zero hours contracts.
There were no employees whose annual remuneration was more than £60,000.
## **11 Other**
||||**Unrestricted**|Unrestricted|
|---|---|---|---|---|
||||**funds**|funds|
||||**2022**|2021|
|Net loss on disposal of tangible fixed assets|||(200)|
392|
||||(200)|
392|
|**Tangible fixed assets**|||||
||**Office**|**Outside**|**Computers**|**Total**|
||**equipment**|**equipment**|||
||**£**|**£**|**£**|**£**|
|**Cost**|||||
|At 1 April 2021|775|2,600|2,010|5,385|
|Additions|3,025|-|4,120|7,145|
|At 31 March 2022|3,800|2,600|6,130|12,530|
|**Depreciation and impairment**|||||
|At 1 April 2021|258|465|331|1,054|
|Depreciation charged in the year|272|534|690|1,496|
|At 31 March 2022|530|999|1,021|2,550|
|**Carrying amount**|||||
|At 31 March 2022|3,270|1,601|5,109|9,980|
|At 31 March 2021|517|2,135|1,679|4,331|
## **12 Tangible fixed assets**
- 18 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**12**
**Tangible fixed assets**
**13**
**Stocks**
Finished goods and goods for resale
**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**15**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Deferred income
**16**
Trade creditors
Other creditors
Accruals
**16**
**Deferred income**
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:|**(Continued)**
**2022**
**2021**
**£**
**£**
187
100
**2022**
**2021**
**£**
**£**
15,300
1,321
11,590
10,087
30,805
18,652
57,695
30,060
**2022**
**2021**
**£**
**£**
-
3,470
17,721
38,081
7,364
-
450
5,758
9,829
4,863
35,364
52,172
**2022**
**2021**
**£**
**£**
17,721
38,081
**2022**
**2021**
**£**
**£**
17,721
38,081|
|---|---|
- 19 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**16**|**Deferred income**||**(Continued)**|
|---|---|---|---|
||Deferred income at 1 April 2021|38,081|20,216|
||Released from previous periods|(38,081)|(20,216)|
||Resources deferred in the year|17,721|38,081|
||Deferred income at 31 March 2022|17,721|38,081|
- 20 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **17 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||**Movement in funds**|**Movement in funds**||||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|
||**Incoming**|**Resources**|**Transfers**|**Balance at**||**Incoming**|**Resources**|**Transfers**|
**Balance at**|
||**resources**|**expended**||**1 April 2021**||**resources**|**expended**||**31 March 2022**|
||**£**|**£**|**£**||**£**|**£**|**£**|**£**|
**£**|
|Primary Stars|5,455|(5,455)|-||-|10,000|(10,000)|-|
-|
|Opportunities for All|14,583|(14,583)|-||-|12,500|(2,980)|-|
9,520|
|Woking Borough Council 3G Pitch|9,101|(7,900)|6,300|7,501||44,127|(48,312)|32,451|
35,767|
|Return of Supporters|-|-|-||-|6,000|(1,112)|-|
4,888|
|Return to Football - Mental health|-|-|-||-|853|(816)|-|
37|
|Return to Football - Women's|-|-|-||-|2,476|(2,476)|-|
-|
|Christmas Project|-|-|-||-|3,934|(2,279)|-|
1,655|
||29,139|(27,938)|6,300|7,501||79,890|(67,975)|32,451|
51,867|
Primary Stars - A National League Trust grant for coaching primary school age children.
Opportunities for All - A National League Trust grant to support, develop and improve the delivery of community programmes.
Woking Borough Council 3G Pitch - Management of the 3G pitch facilities
- 21 -
## **CARDINALS IN THE COMMUNITY**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31
March 2022 are
represented by:
Tangible assets
5,382
4,598
Current assets/
(liabilities)
107,691
47,269
113,073
51,867|**Total**Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
9,980
4,331
-
154,960
109,503
7,501
164,940
113,834
7,501|Total
2021
£
4,331
117,004
121,335|
|---|---|---|
## **19 Related party transactions**
The charity was established as a separate entity on 1 June 2019 to independently run the academies and community activities formerly embedded within Woking Football Club. A donation of £56,614 was received from Woking Football Club on formation of the charity.
Woking Football Club may appoint up to two trustees and maintains positive links with the charity and is considered to be a related party.
During the year the charity received in-kind donations from Woking Football Club amounting £ 5,608 (202 1: £ 6,677 ).
In addition, the charity purchased goods and services amounting to £20,902 from Woking Football Club, primarily relating to football kit (202 1: £ 17,997 ).
## **20 Cash generated from operations**
|**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
(Gain)/loss on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in stocks
(Increase) in debtors
Increase in creditors
(Decrease)/increase in deferred income
**Cash generated from operations**|**2022**
**£**
43,605
(13)
(200)
1,496
(87)
(27,635)
3,552
(20,360)
358|**2021**
**£**
47,995
(37)
392
737
250
(11,620)
100
17,865
55,682|
|---|---|---|
## **21 Analysis of changes in net funds**
The charity had no debt during the year.
- 22 -