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2024-03-31-accounts

Charity registration number 1182682

CARDINALS IN THE COMMUNITY

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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 - 18

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

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 to 11 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 2024

Walking Football

We continued to provide support for the local Walking Football teams to facilitate their ability to provide weekly training and matches.

Girls’ football

Held on weekday evenings with girls of various age groups from 11 - 16. Sessions consisted of training and smallsided games with league matches played at weekends. The aim is to encourage girls to progress their skills and eventually join local adult 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

We continued to provide support for the Woking FC Women’s team to facilitate their ability to provide weekly training and matches.

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:

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.

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Contribution made by volunteers

Cardinals in the Community are 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 fulltime basis.

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

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 2024 was £418,740 and total resources expended were £475,791.

We finish the year with an unrestricted deficit of approximately £72,292 and an unrestricted fund balance of £(48,846).

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.

CARDINALS IN THE COMMUNITY

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

The charity has had a challenging financial year but having carefully considered the reason for this and reviewed each of its activities, has a strategy to return to a surplus position. This will involve improved budgeting in some areas, increasing activities in areas which are profitable to support other activities, and adjusting some offerings which are anticipated to increase revenue, The trustees consider that they are in a good position to take things forward and feel that we can continue to be successful in our role within the community.

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.

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: Lynne Newman Ian Nicholson (Chair) (Resigned 31 August 2023) Dan Jespersen (Chair) Jane Booth (Resigned 29 November 2023) Sean Carey (Resigned 11 July 2023) Simon Webb (Appointed 14 September 2023) P Assheton (Appointed 3 August 2023 and resigned 1 November 2023)

The Trustees have resolved that whenever a trustee departs, that the remaining trustee will conduct a skills audit of the remaining trustees. The trustees will recruit a replacement will take account of the skills audit and the skills lost by the departure. The trustees will take into consideration any other skills that they 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. A representative of the football club is attending meetings to help maintain a positive link with our primary partner.

Decision making structure

A small staff leadership team manage the day-to-day work of the charity. The leadership team report to the Trustees regularly and report 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 (Jan 31, 2025 16:26 GMT)

.............................. Dan Jespersen (Chair)

Trustee

31/01/2025 Date: .............................................

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 2024.

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

31/01/2025 Dated: .........................

CARDINALS IN THE COMMUNITY

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
51,611
15,668
Charitable activities
4
295,725
55,625
Investments
5
111
-
Total income
347,447
71,293
Expenditure on:
Raising funds
6
75
-
Charitable activities
7
365,180
110,536
Total expenditure
365,255
110,536
Net expenditure
(17,808)
(39,243)
Transfers between
funds
(54,484)
54,484
Net movement in
funds
9
(72,292)
15,241
Reconciliation of funds:
Fund balances at 1 April 2023
23,446
57,786
Fund balances at 31 March
2024
(48,846)
73,027		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
67,279
43,538
29,017
351,350
299,616
43,225
111
234
-
418,740
343,388
72,242
75
1,141
-
475,716
388,878
109,319
475,791
390,019
109,319
(57,051)
(46,631)
(37,077)
-
(42,996)
42,996
(57,051)
(89,627)
5,919
81,232
113,073
51,867
24,181
23,446
57,786		 Total
2023
£
72,555
342,841
234
415,630
1,141
498,197
499,338
(83,708)
-
(83,708)
164,940
81,232

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 2024

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
19
Unrestricted funds
20		 2024
£
240
41,137
17,248
58,625
(58,386)		 £
23,942
239
24,181
73,027
(48,846)
24,181		 2023
£
120
54,413
75,040
129,573
(56,281)		 £
7,940
73,292
81,232
57,786
23,446
81,232

31/01/2025

The financial statements were approved by the trustees on .........................

Dan Jespersen (Jan 31, 2025 16:26 GMT)

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

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

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

These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future, however, the trustees are aware of certain material uncertainties which may cause doubt on the charity's ability to continue as a going concern. Please refer to the financial review in the Trustees Annual report, the charity has had a challenging financial year but the trustees have taken action to identify activities which generate a surplus, those generating a deficit, to budget effectively and plan to operate within a budgeted surplus.

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 2024

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 2024

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 2024

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
47,106
58
Grants
-
15,610
Membership fees
4,505
-
Donated goods and
services
-
-
51,611
15,668
Income from charitable activities
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Charitable activities
Sale of goods
254,107
-
Ancillary trading income
41,618
-
Charitable rental income
-
55,625
Other income
-
-
295,725
55,625		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
47,164
17,959
4,547
15,610
11,500
24,470
4,505
10,477
-
-
3,602
-
67,279
43,538
29,017
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
254,107
260,449
-
41,618
33,684
-
55,625
-
43,225
-
5,483
-
351,350
299,616
43,225		 Total
2023
£
22,506
35,970
10,477
3,602
72,555
Total
2023
£
260,449
33,684
43,225
5,483
342,841

4 Income from 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 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 £54,484 (2023: £44,638).

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Interest receivable 111 234

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

6 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Fundraising and publicity
Advertising 75 1,141
7 Expenditure on charitable activities
Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 199,499 244,537
Depreciation and impairment 2,814 2,390
Freelance staff 19,922 14,052
Team and Player insurance 467 1,116
Match officials 10,078 11,702
Other match expenses 2,577 2,814
Pitch and Venue hire 14,901 30,735
Registration fees 9,879 6,463
Footballs and other consumables 2,102 4,238
Travel and tour costs 53,399 33,580
Kit purchases and cleaning 34,903 20,686
Physios and medical costs 24,397 20,859
Other direct costs 7,780 14,864
Sinking fund contribution-pitch 10,000 -
Sundry expenses 5,558 5,778
398,276 413,814
Share of support and governance costs (see note 8)
Support 68,184 77,668
Governance 9,256 6,715
475,716 498,197
Analysis by fund
Unrestricted funds 365,180 388,878
Restricted funds 110,536 109,319
475,716 498,197

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

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
Safety and first aid
Governance costs
Analysed between:
Charitable activities
Governance costs comprise:
Independent Examiners fees
Bank charges
Legal and professional
Payroll costs
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets		 2024
£
15,379
705
2,191
38,136
985
1,825
4,778
4,040
145
9,256
77,440
77,440
2024
£
1,614
1,566
3,155
2,921
9,256
2024
£
2,814		 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
2023
£
2,390

10 Trustees

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

Two trustees made donations totalling £22,735 during the year, £7,000 was unrestricted for the provision of wellbeing including physiotherapy, £15,000 related to clearing a pledge to support the wellbeing costs in the preceding two periods.

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

11 Employees

The average monthly number of employees during the year was:

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
15
2024
£
198,778
12,203
3,897
214,878		 2023
Number
18
2023
£
241,413
12,532
4,907
258,852

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

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

13 Tangible fixed assets

Tangible fixed assets
Office
equipment
Outside
equipment
Computers
£
£
£
Cost
At 1 April 2023
3,800
2,600
6,480
Additions
-
18,467
349
At 31 March 2024
3,800
21,067
6,829
Depreciation and impairment
At 1 April 2023
1,184
1,399
2,357
Depreciation charged in the year
523
1,224
1,067
At 31 March 2024
1,707
2,623
3,424
Carrying amount
At 31 March 2024
2,093
18,444
3,405
At 31 March 2023
2,616
1,201
4,123		 Total
£
12,880
18,816
31,696
4,940
2,814
7,754
23,942
7,940

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

14
Stocks
Finished goods and goods for resale
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Notes
Other taxation and social security
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:		 2024
£
240
2024
£
30,460
-
10,677
41,137
2024
£
3,517
32,623
6,859
1,802
13,585
58,386
2024
£
32,623
2024
£
32,623		 2023
£
120
2023
£
9,573
14,313
30,527
54,413
2023
£
2,930
30,244
10,925
7,450
4,732
56,281
2023
£
30,244
2023
£
30,244

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17
Deferred income
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024
18
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 (Continued)
30,244
17,721
(30,244)
(17,721)
32,623
30,244
32,623
30,244
2024
2023
£
£
3,897
4,907

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

19 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
2023 resources expended 2024
£ £ £ £ £
Opportunities for All - 12,500 (12,500) - -
Woking Borough Council 3G
Pitch 46,383 55,625 (95,460) 54,484 61,032
Return of Supporters 4,888 - - - 4,888
Christmas Project 4,429 1,168 (576) - 5,021
Club4 HAF Xmas 2,086 - - - 2,086
National Grant 2023/24 Girls
and Women - 2,000 (2,000) - -
57,786 71,293 (110,536) 54,484 73,027

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

19 Restricted funds (Continued)
Previous year: 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

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.

20 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
2023 resources expended 2024
£ £ £ £ £
General funds 23,446 347,447 (365,255) (54,484) (48,846)
Previous year: 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

CARDINALS IN THE COMMUNITY

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

21 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
(49,085)
73,027
Current assets/(liabilities)
239
-
(48,846)
73,027
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 March 2023:
Tangible assets
4,368
3,572
Current assets/(liabilities)
19,078
54,214
23,446
57,786		 Total
2024
£
23,942
239
24,181
Total
2023
£
7,940
73,292
81,232

22 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 £nil (2023: £3,602).

In addition, the charity purchased goods and services amounting to £380 from Woking Football Club, primarily relating to refreshments and food, previously the charity had purchased football kit through the club (2023: £29,415).