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2023-03-31-accounts

Charity registration number 1182682

CARDINALS IN THE COMMUNITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

CARDINALS IN THE COMMUNITY

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Lynne Newman
Dan Jespersen (Chair)
Simon Webb (Appointed 14 September 2023)
Charity number 1182682
Principal address The Pavilion
Woking College
Rydens Way
Woking
GU22 9DW
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 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 19

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their annual report and financial statements for the year ended 31 March 2023.

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

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 and 14 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.

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 5 to 7 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 year olds.

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:

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.

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.

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 fulltime basis.

The above activities have a significant, positive impact on our community.

Financial review

Highlights of the finances for the year 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 2023 was £415,630 and total resources expended were £499,338.

We finish the year with an unrestricted deficit of approximately £89,627 and an unrestricted fund balance of £23,446.

The trustees are taking steps to both future unrestricted revenue and are confident that the charity is viable in the long term.

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.

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 0.7 months of unrestricted expenditure.

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 (Resigned 27 March 2023) Lynne Newman Ian Cook (Resigned 27 March 2023) Ian Nicholson (Resigned 31 August 2023) Dan Jespersen (Chair) Tim Beasley (Resigned 18 October 2022) Jane Booth (Resigned 31 December 2023) Sean Carey (Appointed 3 November 2022 and resigned 11 July 2023) Simon Webb (Appointed 14 September 2023)

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 George Burnett is the nominated Football Club representative and attends meetings to help maintain a positive link with our primary partner.

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.

..... ~~.~~ ........................ Dan Jespersen (Chair) Trustee Date: .............................................25 January 2024

CARDINALS IN THE COMMUNITY

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CARDINALS IN THE COMMUNITY

I report to the trustees on my examination of the financial statements of Cardinals in the Community (the charity) for the year ended 31 March 2023.

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 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I 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.

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

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 financial statements to be reached.

F J Wilde FCCA MBA DChA

Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF

Dated: 25 January 2024

CARDINALS IN THE COMMUNITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
43,538
29,017
Charitable activities
4
299,616
43,225
Investments
5
234
-
Other material income
-
-
Total income
343,388
72,242
Expenditure on:
Raising funds
6
1,141
-
Charitable activities
7
388,878
109,319
Other expenditure
11
-
-
Total expenditure
390,019
109,319
Net income/(expenditure)
(46,631)
(37,077)
Transfers between
funds
(42,996)
42,996
Net movement in
funds
(89,627)
5,919
Reconciliation of funds:
Fund balances at 1 April 2022
113,073
51,867
Fund balances at 31 March
2023
23,446
57,786		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
72,555
71,196
35,763
342,841
353,548
44,127
234
13
-
-
4,300
-
415,630
429,057
79,890
1,141
30,112
474
498,197
367,455
67,501
-
(200)
-
499,338
397,367
67,975
(83,708)
31,690
11,915
-
(32,451)
32,451
(83,708)
(761)
44,366
164,940
113,834
7,501
81,232
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

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CARDINALS IN THE COMMUNITY

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
13
Current assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within
one year
16
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
18
Unrestricted funds		 2023
£
120
54,413
75,040
129,573
56,281		 £
7,940
73,292
81,232
57,786
23,446
81,232		 2022
£
187
57,695
132,442
190,324
35,364		 £
9,980
154,960
164,940
51,867
113,073
164,940

The financial statements were approved by the trustees on .........................25 January 2024

...... ~~.~~ ....................... Dan Jespersen (Chair) Trustee

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. 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 or grantors 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.

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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.

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

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 payments 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.

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
17,959
4,547
Grants (Community)
11,500
24,470
Membership fees
10,477
-
Donated goods and
services
3,602
-
43,538
29,017		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
22,506
2,242
3,934
35,970
22,880
31,829
10,477
9,224
-
3,602
36,850
-
72,555
71,196
35,763		 Total
2022
£
6,176
54,709
9,224
36,850
106,959

4 Income from charitable activities

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Charitable activities
Sale of goods
260,449
-
Ancillary trading income
33,684
-
Charitable rental income
-
43,225
Other income
5,483
-
299,616
43,225		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
260,449
351,742
-
33,684
911
-
43,225
-
44,127
5,483
895
-
342,841
353,548
44,127		 Total
2022
£
351,742
911
44,127
895
397,675

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 pavilion and has transferred the value of that use into the 3G pitch restricted fund in accordance with the management agreement, the purpose of which is the maintenance of the pitch and pavilion.

The value of the charity's use of the pitch and pavilion in the year is £44,638 (2022: £32,451).

5 Income from investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Interest receivable 234 13

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

6 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Fundraising and publicity
Advertising 1,141 - 1,141 30,112 474 30,586

7 Expenditure on charitable activities

Charitable Charitable
activities activities
2023 2022
£ £
Direct costs
Staff costs 244,537 270,304
Depreciation and impairment 2,390 1,496
Freelance staff 14,052 9,718
Team and Player insurance 1,116 942
Match officials 11,702 8,029
Other match expenses 2,814 1,798
Pitch and venue hire 30,735 29,288
Registration fees 6,463 4,349
Footballs and other consumables 4,238 3,715
Travel and tour costs 33,580 12,127
Kit purchases and cleaning 20,686 20,646
Physios and medical costs 20,859 6,318
Other direct costs 14,864 6,113
Sundry expenses 5,778 4,993
413,814 379,836
Share of support and governance costs (see note 8)
Support 77,668 50,843
Governance 6,715 4,277
498,197 434,956
Analysis by fund
Unrestricted funds 388,878 367,455
Restricted funds 109,319 67,501
498,197 434,956

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

8 Support costs allocated to activities

Staff costs
Printing, postage and stationery
Insurance
Light, heat and water
Computer and IT costs
Telephone and internet
Cleaning
Maintenance and small equipment
Office rental
Safety and first aid
Governance costs
Analysed between:
Charitable activities
Governance costs comprise:
Independent Examiners fees
Bank charges
Legal and professional
Payroll costs		 2023
£
14,315
131
2,085
31,276
13,372
1,128
7,936
7,197
-
228
6,715
84,383
84,383
2023
£
1,626
1,271
1,580
2,238
6,715		 2022
£
17,113
108
1,973
10,796
2,034
653
1,118
7,012
6,250
3,786
4,277
55,120
55,120
2022
£
1,396
181
528
2,172
4,277

9 Trustees

2022/23: No trustees received remuneration from the charity. Ian Nicholson was reimbursed £2,238 charity expenses.

2021/22: 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:

2023 2022
Number Number
Employees 18 20

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2023
2022
£
£
241,413
266,827
12,532
14,631
4,907
5,959
258,852
287,417		 (Continued)
2023
2022
£
£
241,413
266,827
12,532
14,631
4,907
5,959
258,852
287,417
287,417

The charity had on average 18 (2022: 20) 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

Net loss on disposal of tangible fixed assets Total
Unrestricted
funds
£
2023
2022
-
(200)
-
(200)		 Total
Unrestricted
funds
£
2023
2022
-
(200)
-
(200)
(200)

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

13
Tangible fixed assets
Office
equipment
Outside
equipment
Computers
£
£
£
Cost
At 1 April 2022
3,800
2,600
6,130
Additions
-
-
350
At 31 March 2023
3,800
2,600
6,480
Depreciation and impairment
At 1 April 2022
530
999
1,021
Depreciation charged in the year
654
400
1,336
At 31 March 2023
1,184
1,399
2,357
Carrying amount
At 31 March 2023
2,616
1,201
4,123
At 31 March 2022
3,270
1,601
5,109
14
Stocks
2023
£
Finished goods and goods for resale
120
15
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
9,573
Other debtors
14,313
Prepayments and accrued income
30,527
54,413		 Total
£
12,530
350
12,880
2,550
2,390
4,940
7,940
9,980
2022
£
187
2022
£
15,300
11,590
30,805
57,695

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16
Creditors: amounts falling due within one year
Notes
Deferred income
17
Trade creditors
Other creditors
Accruals
17
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:
Deferred income at 1 April 2022
Released from previous periods

Resources deferred in the year
Deferred income at 31 March 2023		 2023
2022
£
£
30,244
17,721
13,855
7,364
7,450
450
4,732
9,829
56,281
35,364
2023
2022
£
£
30,244
17,721
2023
2022
£
£
30,244
17,721
17,721
38,081
(17,721)
(38,081)
30,244
17,721
30,244
17,721

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

18 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
Primary Stars - 5,000 (5,000) - -
Opportunities for All 9,520 6,299 (15,819) - -
Woking Borough Council 3G
Pitch 35,767 43,225 (77,247) 44,638 46,383
Return of Supporters 4,888 - - - 4,888
Return to Football - Mental
health 37 171 (208) - -
Christmas Project 1,655 4,547 (1,773) - 4,429
Club4 HAF Summer - 8,000 (6,358) (1,642) -
Club4 HAF Xmas - 5,000 (2,914) - 2,086
51,867 72,242 (109,319) 42,996 57,786
Previous year: At 1 April Incoming Resources Transfers At 31 March
2021 resources expended 2022
£ £ £ £ £
Primary Stars - 10,000 (10,000) - -
Opportunities for All - 12,500 (2,980) - 9,520
Woking Borough Council 3G
Pitch 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
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.

Club4 HAF Summer & Club4 HAF Xmas - funding for holiday camps (including food, sports and other activities) during the summer and Christmas holidays. There was an underspend on the Summer project, which has been agreed with the funder; the underspend is to be retained by the charity as unrestricted funds.

Return of Supporters - Stadia improvement funding.

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources Transfers At 31 March
2022 resources expended 2023
£ £ £ £ £
General funds 113,073 343,388 (390,019) (42,996) 23,446
Previous year: At 1 April Incoming Resources Transfers At 31 March
2021 resources expended 2022
£ £ £ £ £
General funds 113,834 429,057 (397,367) (32,451) 113,073

20 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Fund balances at 31 March 2023 are represented by:
Tangible assets
4,368
3,572
Current assets/(liabilities)
19,078
54,214
23,446
57,786
Unrestricted
Restricted
funds
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
2023
£
7,940
73,292
81,232
Total
2022
£
9,980
154,960
164,940

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

21 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 £3,602 (2022: £5,608).

In addition, the charity purchased goods and services amounting to £29,415 from Woking Football Club, primarily relating to football kit (2022: £20,902).