##
|Contents||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Page:||||||||||||
|1||Reference and administrative|||information|||||||
|2-4||Report of the Trustees||||||||||
|||Independent
Examiners
Report||||||||||
|||Statement
of Financial|Activities
(Incorporating|||||the Income and Expenditure|||account)|
|||Statement
of Financial|Position|||||||||
|||Statement
of Cash Flows||||||||||
|9-18||Notes forming
part of|the Financial Statements|||||||||
|||Reference and|||administrative|||information||||
|Trustees||David Barry Dein||||||||||
|||Baroness Karren
Brady|CBE|||||||||
|||Mark Paul Phillips
KC||||||||||
|||Richard
Nicholas
Parry||||||||||
|||Dame Sally Coates||||||||||
|||Nigel William
Wray||||||||||
|||Ian Edward Wright||||||||||
|||Jason Swettenham||||||||||
|||Jonathan
Peter Martin|Norbury|||||||||
|||Gregory
Dyke||||||||||
|||Rollo William
Orlando|Head|||||||||
|||Robert James Sullivan||||||||||
|Principal Office||5th Floor, 165-167Great Portland Street,||||London,|||W1W 5PF|||
|Independent|Examiners|Perrys Accountants
Limited,||Churchdown||Chambers,
Bordyke, Tonbridge,||||Kent, TN9 1NR||
|Bankers||Lloyds Bank pic, 25 Gresham||Street, London,|||EC2V||7HN|||
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||||for th|e
ear ended 31 December|2021|||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
||||Notes|Funds|Funds|2021|2020|
||||||||E|
|Income and endowments||from||||||
|Donations||||164,093|285,000|449,093|106,666|
|Fundraising
activities||||462,193||462,193||
|Total income||||626,286|285,000|911,286|106,666|
|Expendiiture
on||||||||
|Raising funds||||268,411||268,411|26,208|
|Charitable
activities||||386,005|5,600|391,605|332,413|
|Total expenditure||||654,416|5,600|660,016|358,621|
|Net income/(expenditure)||||(28,130)|279,400|251,270|(251,955)|
|Net movement
in funds||||||||
|before gains/losses|and|||||||
|transfers||||(28,130)|279,400|251,270|(251,955)|
|Total funds at 1 January||2021||(422,421)||(422,421)|(170,466)|
|Total funds at 31 December 2021|||20|(450,551)|279,400|(171,151)|(422,421)|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Fixed Assets|||||||
|Intangible
assets||||13|5,172|6,032|
|Tangible assets||||14|654|982|
||||||5I826|71014|
|Current Assets|||||||
|Stock||||15|18,167|23,129|
|Debtors||||16|334,455|33,485|
|Cash at bank and in hand||||17|300,363|140,395|
||||||652,985|197,009|
|Current
Liabilities|||||||
|Creditors:amounts|falling|due within|one year|18|(250,462)|(146,944)|
|Net Current Assets|||||402,523|50,065|
|Total assets less current||liabilities|||408,349|57,079|
|Non Current
Liabilities|||||||
|Creditors:amounts|falling|due after|one year|19|(579,500)|(479,500)|
|Total net liabilities|||||(171,151)|(422,421)|
|Funds ofthe Charity|||||||
|Unrestricted
Funds|||||(450,551)|(422,421)|
|Restricted
Funds|||||279,400||
|Total Funds||||20|(171,151)|(422,421)|
##
##
||||Notes|2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Net cash generated/(used|in) operating|activies|22|60,643|(188,055)|
|Cash flow from investing|activties:|||||
|Purchase of intangibles||||(675)|(7,620)|
|Net cash provided
by/(used
in) investing||activties:||(675)|(7,620)|
|Cash flow from financing|activities:|||||
|Additional/(Repayments|of) borrowing|||100,000|(20,500)|
|Net cash provided
by/(used
in) financing||activities||100,000|(20,500)|
|Change
in cash and cash|equivalents
in the year|||159,968|(216,175)|
|Cash and cash equivalents|at the beginning|of the year||140,395|356,570|
|Cash and cash equivalents
at the end of||the year|17,23|300,363|140,395|
##
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##
|(h)|Pension|Pension|Pension|Pension||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||The charity operated
a defined contribution
plan for its employees.
A defined
contribution
plan is a||||pension
plan||under which|the charity||||
||pays fixed contributions
into a separate entity.||Once the contributions
have been paid the charity has no further||||payment
obligations.|||||
||The contributions
are recognised
as|an expense|in the Statement
of Financial Activities
when they fall due. The|||assets of the||plan are held||||
||separately
from the charity
in independently
administered
funds.|||||||||||
|(i)|Foreign currencies|||||||||||
||Assets and liabilities
in foreign currencies are translated
into sterling at|||the rates of exchange
ruling|the Balance||Sheet date.|Transactions|||in|
||foreign currency
are translated
at the rate of exchange
ruling at the date of the transaction.
Exchange differences
are taken|||||||into account|||in|
||arriving
at the operating
result.|||||||||||
|(j)|Stock|||||||||||
||A stock is held ofteam kit not yet donated.
It is measured
at the lower|||of the cost and net realisable|value of the||separate items||ofstock.|||
||Stock is provided free as part of the|charitable|activity,
so net realisable|value is based on the service potential||provided
by the|||items|of||
||stock. Ifthe stock items continue
to|meet the need for which it was purchased,
then it is not written|||down to a|nil realisable||value except||||
||where the item of stock is damaged|or obsolete. Damaged or obsolete stocks are written
down as an|||expense.|||||||
|(k)|Financial
instruments|||||||||||
||The charity
only has financial
assets|and financial
liabilities of a kind that qualify
as basic financial|||instruments.||Basic financial||instruments|||
||are initially
recognised
at transaction|value and|subsequently
measured|at their settlement
vaiue.||||||||
||- Impairment
of financial
assets|||||||||||
||Financial
assets, other than those held at fair||value through
the statement
of financial
activities,
are assessed|||for indicators||of impairment||||
||at each reporting
end date.|||||||||||
||Financial
assets are impaired
where|there
is|objective
evidence
that,|as a result
of one or more events
that
occurred||||after the initial||||
||recognition
of the financial asset, the estimated||future
cash flows have|been affected. The impairment
loss is recognised
in the|||||statement||of|
||financial
activities.|||||||||||
||- Derecognition
of financial assets|||||||||||
||Financial assets are derecognised
only when the contractual
rights to the cash flows from the asset||||expire, or when it transfers||||the financial|||
||asset and substantially
all the risks and rewards||of ownership
to another|entity.||||||||
||- Derecognition
of financial
liabihties|||||||||||
||Financial liabilities
are derecognised|when,
and|only when,
the Charity
Obligations
are discharged,
cancelled,
or|||they expire.||||||
|(I)|Cash at bank and in hand|||||||||||
||Cash is represented
by cash in hand and deposits with financial
institutions
repayable
without
penalty
on notice|||||of not more than|||24 hours.|||
|(m)|Funds structure|||||||||||
||Funds
received
for a purpose
specified
by the||doner are credited to the restricted
funds,
Expenditure
incurred||||on these purposes|||is then||
||charged to the funds as it is incurred.|||||||||||
||Unrestricted
income
funds comprise|those funds which the trustees are||free to use for any purpose|in furtherance||of the charitable|||objects.||
||Unrestricted
funds include designated|funds where the trustees,
at their||discretion,
have created a fund for a specific purpose.||||||||
|(n)|Going concern|||||||||||
||The trustees consider that there are|no material|uncertainties
about the|charity's
ability to continue|as a going concern.|||||||
##
##
##
##
|||||||Unrestricted|Restricted||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|5|Raising Funds|||||Funds|Funds|2021|Funds|Funds|2020||
|||||||E|E|E|E|E|E||
||Cost of funds|||raised||12,371||12 371|230|||230|
||Bid writing||||||||19,932||19,932||
||Advertising||6|marketing||4,688||4,688|6,046||6,046||
||Fundraising||events|||251,352||251,352|||||
|||||||268,411||268,411|26&208||26,208||
|6|Charitable||Activities||||Activities||||||
||||||||undertaken|Grant funding|Support||||
||||||||directly|of activities|Costs|Total|Total||
||||||||(see note 7)|(see note 8)|(see note 9)|2021|2020||
||||||||E|E|E||||
||Funding to||Football clubs||||||||||
||Unrestricted|||Funds|||21,926|120,737|243,342|386,005|332,413||
||Restricted||Funds||||3,100|2,500||5,600|||
||||||||25,026|123,237|243,342|391,605|332,413||
|||||||Unrestricted|Restricted||Unrestricted|Restricted|||
|7|Activities|undertaken|||directly|Funds|Funds|2021|Funds|Funds|2020||
|||||||E|E|E|E|E|E||
||Charitable|activities||||21,926|3,100|25,026|33I625||33,625||
##
||||Unrestricted|Restricted||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
|8|Grants paid or payable||Funds|Funds|2021|Funds|Funds|2020|
||||E|E|E|E|f.|E|
||AFC Flyde||(10)||(10)|4,990||4,990|
||Birmingham
City||12,500||12,500|2,500||2,500|
||Bolton Wanderers||4&846||4,846|2,453||2,453|
||Brentford
Community|||||7,500||7,500|
||Burton Albion||2,920||2,920|3,760||3,760|
||Charlton
Athletic||3,326||3,326|3,316||3,316|
||Crystal Palace||||||||
||Coventry
City||3,649||3,649|2,500||2,500|
||Derby County CT||2,086||2,086|2,085||2,085|
||Doncaster
Rovers||1,800||1,800|1,800||1,800|
||Harrogate||7,500||7,500||||
||Hartlepool
UTD||2,230||2,230|5,612||5,612|
||Hereford
FC LTD|||||1,626||1,626|
||Ipswich
Town||15,000||15,000||||
||Leeds United||7,500||7,500||||
||I incoln City|||||7,500||7,500|
||Middlesborough||5,000||5,000|2,500||2,500|
||Millwag||5,000||5,000|2,500||2,500|
||MK Dons||5,000||5,000|2,500||2,500|
||Morecambe
FC Community|Sports|7,500||7,500||||
||Newport
County||327||327|3,347||3,347|
||Notts County||(1,500)||(1,500)|5&000||5,000|
||Oxford United||7,500||7,500||||
||Plymouth
Argyle||10,292||10,292|2,572||2,572|
||Port Vale|||||7,500||7,500|
||QPR||5,000||5&000|10&000||10,000|
||Salford City||2,500||2,500|5,000||5,000|
||Sheffield Wednesday||5,000||5,000|2,500||2,500|
||Stoke City||(3,000)|2&500|(500)|7,500||7,500|
||Sunderland||3,771||3 771|2,500||2,500|
||Walsall||5&000||5,000|2,500||2,500|
||York City|||||2,730||2,730|
||||120,737|2,500|123,237|104,291||104,291|
##
##
|||||Unrestricted|Unrestricted|Restricted||Restricted|Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Support Costs||||Funds||Funds|2021|Funds|Funds|2020||
|||||E||E|E|E|E|E||
|Accountancy
fees|||||7,357||7,357||10,654|10,654||
|Amortisation|||||1,535||1,535||1,588|1,588||
|Bank charges|||||359||359||156||156|
|Client entertainment|||||1,250||1,250||946||946|
|Bad debts||||1|51000||15,000|||||
|Depreciation
ofoffice equipment|||||328||328||328||328|
|General expenses|||||504||504||110||110|
|IT software
and consumables|||||923||923||339||339|
|Legal fees|||||5,149||5,149||23,122|23,122||
|Postage, freight
It courier|||||73||73||109||109|
|Printing
Et stationery|||||88||88|||||
|Staff entertainment|||||||||319||319|
|Subscriptions|||||221||221|||||
|Website
ft internet|costs||||1,161||1,161||(3,553)|(3,553)||
|Travel
- International|||||||||184||184|
|Hotel
Et travel
- National|||||9,417||9,417||4,100|4,|100|
|Wages and salaries||||181,083|||181,083||142,403|142,403||
|Employers
national|insurance|||17,841|||17,841||13,238|13,238||
|Pension|||||1,053||1,053||454||454|
|||||243,342|||243,342||194,497|194,497||
|The below table represents|||the governance|costs for the charity:||||||||
|||||Unrestricted||Restricted||Restricted|Unrestricted|||
|||||Funds||Funds|2021|Funds|Funds|2020||
|||||E||E|E|E|E|E||
|Accountancy
fees (inc||||||||||||
|Independent
examiners||fees)|||7,357||7,357||10,654|10,654||
|Legal fees|||||5,149||5,149||23,122|23,|122|
|||||12,506|||12,506||33,776|33,776||
##
##
##
|12|Employees|||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||||||||||E|
||Wages and|salaries||||||181,083|142,403|
||Employers|national|insurance|||||17,841|13,238|
||Pension|||||||1,053|454|
|||||||||199,977|156,095|
||During the|year, there were on average 3 employees||||(2020: 2 employees).||||
||The following
number of employees||||earned emoluments||within the bands shown below:|||
||E110,001 -|E120,000||1|(2020; 1)|||||
|13|Intangible
Fixed Assets||
|---|---|---|
|||Website costs|
|||E|
||Cost||
||At 1 January
2021|7,620|
||Additions|675|
||At 31 December 2021|8,295|
||Amortisation||
||At 1 January
2021|1,588|
||Charge for the year|1,535|
||At 31 December 2021|3 123|
||Net book value||
||At 31 December 2021|5,172|
||At 31 December 2020|6,032|
|14|Tangible Fixed Assets|Office|
|||Equipment|
|||E|
||Cost||
||At 1 January
2021|1,638|
||At 31 December 2021|1,638|
||Depreciation||
||At 1 January
2021|656|
||Charge for the year|328|
||At 31 December 2021|984|
||Net book value||
||At 31 December 2021|654|
||At 31 December 2020|982|
##
|15|Stocks|||||
|---|---|---|---|---|---|
|||||As at 31|As at 31|
|||||December|December|
|||||2021|2020|
|||||E|E|
||Team kit|||18,167|23,129|
|16|Debtors|||As at 31|As at 31|
|||||December|December|
|||||2021|2020|
|||||E|E|
||Trade Receivables|||44,500|7,500|
||Provision|for doubtful|debts|(15,000)||
|||||29,500|7,500|
||Grant Receivable|||250,000||
||Gift Aid|Receivable||9,146||
||VAT recoverable|||45,649||
||Prepayments|||160|25,985|
|||||334,455|33,485|
|17|Cash at bank and in||hand|||
|||||As at 31|As at 31|
|||||December|December|
|||||2021|2020|
|||||E|E|
||Cash at bank and in hand|||300,363|140,395|
|18|Creditors: Amounts||faliing due within one year|As at 31|As at 31|
|||||December|December|
|||||2021|2020|
|||||E|E|
||Trade Payables|||31,834|2,499|
||Accruals|||8,577|4,235|
||Football|Club Grants||156,488|86,705|
||Loans|||53,308|53,308|
||Pensions|payable||255|197|
|||||250,462|146,944|
|19|Creditors: Amounts||falling due after one year|As at 31|As at 31|
|||||December|December|
|||||2021|2020|
|||||E|E|
||Loans|||579,500|479,500|
##
|20|General and restricted|General and restricted|funds|||Fund|Income|Expenditure|Fund|
|---|---|---|---|---|---|---|---|---|---|
|||||||balances|||balances|
|||||||brought|||carried|
||Restricted funds|||||forward|||forward|
|||||||E|||E|
||HMP Coldingley||||||5,000||5,000|
||HMP Drakehall,
HMP Dovegate|||and|HMP Stoke Heath||20,000|(3,300)|16,700|
||HMP Rochester||||||10,000|(2,300)|7,700|
||Sport England
award||||||250,000||250,000|
||Total restricted|funds|||||285,000|(5,600)|279,400|
||Unrestricted
Funds|||||(422,421)|626,286|(654,416)|(450,551)|
||Totai unrestricted|funds||||(422,421)|626,286|(654,416)|(450,551)|
||Total funds|||||(422,421)|911,286|(660,016)|(171,151)|
||Restricted
funds|||||||||
|Analysis|of net lia|bilities
|between
funds|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|2021||Unrestricted|Restricted|2020|
||||||E|E|E||E|E|E|
|Tangible|assets||||654|||654|982||982|
|Intangible
assets|||||5,172||5,172||6,032||6,032|
|Current|Assets||||373,585|279I400|652,985||197,009||197,009|
|Current|Liabilities||||(250,462)||(250,462)||(146,944)||(146,944)|
|Creditors|due after one year||||(579,500)||(579,500)||(479,500)||(479,500)|
||||||(450,551)|279,400|(171,151)||(422,421)||(422,421)|
|Reconciliation
of||net income/(expenditure)|||to net cash flow|from operating|activities|||||
||||||||||Total||Total|
||||||||||2021||2020|
||||||||||E||E|
|Net income/(expenditure)|||for the reporting||period (as|||||||
|per the statement
Adjustments
for:||of financial activities)|||||||251,270||(251,955)|
|Depreciation|||||||||328||328|
|Arnortisation|||||||||1,535||1,588|
|Decrease|in stock||||||||4,962||6,871|
|Increase
Decrease|in debtors
in creditors||||||||(300,970)
103,518||(33,485)
88,598|
|Net cash|provided|by/(used|in) operating|activities|||||60,643||(188,055)|
##
##
##
||||Balance as at||Balance as at|
|---|---|---|---|---|---|
||||1 January|Cash|31 December|
||||2021|movement|2021|
||||E|E|E|
|Cash|in bank and|at hand|140,395|159,968|300,363|
|Loans|due within|1 year|53,308||53,308|
|Loans|due after|1 year|479,500|100I000|579,500|
||||673,203|259,968|933,171|
##