**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
- After school clubs
- Soccer schools and holiday camps
- Mums’ football
- Walking football
- Girls’ football
- Team training
- Christmas community project
- Man v Fat
- Football academy – ages 9 to 18.
## **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.
- 1 -
## **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:
- Surrey Community Football League to support those struggling with Mental Health issues This has been running successfully and still is. First Friday monthly, from 1pm – 4pm.
- Birthday parties
- Supporting young carers.
- Provide youngsters with work experience.
- Supporting local Care Homes by providing weekly activity sessions to improve the mental and physical wellbeing of the residents.
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.
- 2 -
## **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.
- 3 -
## **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: .............................................
- 4 -
## **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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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: .........................
- 5 -
## **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.
- 6 -
## **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**
- 7 -
## **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.
- 8 -
## **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.
- 9 -
## **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.
- 10 -
## **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|
- 11 -
## **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|
- 12 -
## **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.
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## **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|
- 14 -
## **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|
||||
- 15 -
## **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|
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## **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|
- 17 -
## **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).
- 18 -