## **Orpington Football Club (INCORPORATED) (Limited by guarantee)**
Trustees’ Report and Financial Statements
Period Ended
30 June 2023
Company Number 12570232
England and Wales Charity Number 1189215
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## Page No
- 3 Legal and administrative information
- 4 Trustees' Annual Report
- 10 Statement of Trustees' Responsibilities
- 11 Independent Examiner's Report
- 12 Statement of Financial Activities
- 13 Balance Sheet
- 14 Notes forming part of the Financial Statements
Page **2** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Legal and administrative information**
## **Board of Trustees/Directors**
Neal Collins (resigned 28 January 2024) Julie Ann Covill Andrew Ingram Simon Morris Richard Kettle (appointed 13 March 2025) Thomas Shrubshall
## **Club Chairman**
Tom Shrubshall
## **Club Address**
Goddington Park, Goddington Lane, Orpington Kent, BR6 9DH
## **Registered Office**
4 Willow Vale, Chislehurst, United Kingdom, BR7 5DF
**Company number** 12570232
## **England and Wales charity number**
1189215
## **Independent Examiner**
Aplus Accountancy Limited
## **Bankers**
Lloyds Bank 25 Gresham Street London EC2V 7HN
Page **3** of **20**
**Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Trustees’ Annual Report for the period ended 30 June 2024**
## **Purpose**
To promote community participation in healthy recreation for the benefit of the inhabitants of Orpington and the surrounding areas by the provision of facilities for playing association football.
To promote for the benefit of the inhabitants of Orpington and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
We do this through the provision of high quality football programmes, education and social activities. To effectively deliver this, we endeavour to continually develop the skills, knowledge and expertise of our extensive volunteer base. We ensure that all our volunteers maintain up to date DBS and safeguarding training.
The Football Club is part of the Kent FA, due to the historical Kent County boundaries including Orpington, and is a Three Star FA Chartered Standard Community Club, the most advanced level of club development and football provision.
## **Constitution**
Orpington Football Club is a charitable company limited by guarantee which obtained its charitable status in April 2020. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up each member of the Board is required to contribute an amount not exceeding £10.
Prior to registering as a charity Orpington Football Club operated as a non-profit unincorporated body guided by its constitution.
Orpington Football Club is a FA Charter Standard Community club, based in Orpington, playing football at Goddington Park. The Club has football teams for boys, girls, men, ladies & SEN with over 600 members playing in 35 teams. Orpington Football Club has continued to grow over the past few periods, making it one of the largest Charter Standard Clubs in the South East of England.
## **Principal activities**
The Board of Trustees presents its Annual Report and independently examined Financial Statements for the period ended 30 June 2024 which are also prepared to meet the requirements for a Directors’ Report and Accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting standards applicable in the UK and Republic of Ireland (FRS 102) effective from 1 January 2015.
## **Review of the period and future activities**
The 2023-24 football season saw OFC grow to six adult teams and 35 youth teams, playing across the Kent Girls and Ladies Youth League, Selkent League, Kent Youth League, Kent County League and Orpington & Bromley District Sunday Football Leagues. A notable achievement was our U18 girls winning both the KGLFL Tina Marshall Cup and a KGLFL Shield Competition, showcasing the Club’s commitment to development girls and women’s football.
Page **4** of **20**
## **Orpington Football Club**
## **(INCORPORATED) Limited by guarantee**
## **Trustees’ Annual Report for the period ended 30 June 2023 (continued)**
## **Review of the period and future activities (continued)**
- We continue to offer affordable weekly "Pay and Play" sessions to the youngest players including: • Academy for 4-6 year old boys,
- Wildcats for 4-10 year old girls, and
- SEN Stallions for young people with additional needs from 7-14 years old.
All three provisions were extremely popular with over 50 children attending every week. These programs lead to the development of 2 new boys’ teams in the 23/24 season.
## **Sponsorship:**
We continue to maintain a great relationship with our Club Sponsor, Manak Solicitors, who have agreed to sponsor our Club kit as part of a three-year sponsorship agreement ending at the end of the 24-25 season. We have many team sponsors that support individual teams by providing branded training kit for their team.
## **Pitches:**
We continue to partner with the Football Foundation, taking advantage of the “Power of Pitches” funding and we are in the final year of the six-year pitch improvement work. This over-seeding, fertilising and verti-draining has led to significant improvements in the standard of our pitches.
The Club received £6,212 in grant funding in the 23-24 season (22-23: £20,801), including the Power of Pitches funding referred to above.
## **Pavilion Project:**
After 4 years of applying and reapplying, the Club were thrilled to be granted planning permission on 9 November 2023, and are still working with Bromley Council to agree the new lease and license to make this project fundable and move it forward. The Club has commenced fundraising with a PWC sponsored walk and have developed fundraising targets and strategy. We plan to break ground in September 2027.
## **Our focus for the 24-25 season:**
- Moving plans for a full accessible for all ages and abilities OFC Community Pavilion toward its funding, construction and opening.
- Girls and ladies’ football to match our male offering with the intention being to have female football teams represented for each age group. Working with the female members of the club, we will continue to stive to offer comparable facilities, support, and equipment as we do the men to ensure all members have the same opportunities.
- Extending the Men’s football offering with a Development team to increase the opportunities for youth players to continue to play as adults. With jump off in participation across the sport, we are actively working with our membership to discover ways to encourage playing football from youth to senior teams so that more adult players continue to benefit from the physical and mental health support team sport brings.
- Expand our Young Leaders programme to help our players gain qualifications, training and experience to make them more employable.
- Continue to develop community relationships with other local groups in Goddington Park and Orpington.
Page **5** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Trustees’ Annual Report for the period ended 30 June 2024 (continued)**
## **Review of the period and future activities (continued)**
## **Public benefit**
The Trustees of the Football Club, having taken due regard of the guidance issued by the Charity Commission on public benefit, are satisfied that the work of the Football Club fulfils its charitable aims, which are for the wider public benefit.
The Football Club’s main benefits to the public are:
- Encourage the development of young children starting their footballing journey which establish habits of fitness and health.
- Help our players to develop both on and off the pitch with regard to life skills such as teamwork, taking feedback and resilience.
- Develop our coaches & our volunteer workforce by ensuring the correct level of support and guidance.
- Establish strong working relationships with the local community, in-particular local businesses, schools & community groups.
- Forge and maintain strong links with league authorities, the Football Foundation and the Kent FA.
## **The Board of Trustees**
The Football Club is committed to exhibiting best practice in all aspects of corporate governance. The Football Club’s governing body comprises a Board of 5 members. These members are listed with the current status of membership on Legal and administrative information page.
It is the Board’s responsibility to bring independent judgement to bear on issues of strategy, performance, resources and standards of conduct. The Board conducts its business through quarterly Board meetings.
All Trustees may take independent professional advice in furtherance of their duties at the Football Club’s expense. The Board considers that each of its non-executive members is independent of its management and free from any business or other relationship which could materially interfere with the exercise of their independent judgement. All members are required to make a formal declaration of any interest at each meeting and are required to complete a written declaration confirming that they are eligible to act as Trustees of the Charity as recommended by the Charity Commission.
## **Appointments to the Board of Trustees**
In line with the Board’s Memorandum and Articles of Association, any new appointment to the Board of Trustees is a matter for consideration by the directors. The Trustees are responsible for ensuring that appropriate induction, training and information is provided as required.
## **Learning and Development of the Board of Trustees**
The Board seeks to recruit new members in line with clearly defined needs for knowledge and experience. Football Club Trustees are inducted into the Football Club’s work in meetings with the Chair of Trustees and the Club Chairman. A portfolio of Football Club policies is available. Trustees receive learning and development opportunities annually, with members of the Football Club staff.
Page **6** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Trustees’ Annual Report for the period ended 30 June 2024 (continued)**
## **Internal Control: Board of Trustees**
The Board is ultimately responsible for the Football Club’s system of internal control and for reviewing its effectiveness. However, the Board recognises that any such system can only manage and not eliminate the risk of failure to achieve business objectives. Also, it can only provide reasonable and not absolute assurance against any material misstatement or loss. This system of internal control is based on an ongoing process designed to identify and prioritise any risks to the achievement of Football Club policies, aims and objectives and aspirations and to evaluate the likelihood and impact of such risks being realised. The Board then seeks to manage these efficiently, effectively and economically. These controls are designed to give reasonable assurance with respect to:
- the reliability of financial information used by the Football Club or for publication;
- the maintenance of proper accounting records; and
- the safeguarding of assets against unauthorised use or disposition.
The Board considers that the directors, who are the trustees, and all Executive Committee members comprise the key management personnel of the charity. The Executive Committee members are in charge of directing and controlling, running and operating the Football Club on a day to day basis. All Trustees and Executive Committee members give freely of their time and none received remuneration in the period. Details of Trustees’ expenses are disclosed in the notes to the accounts.
## **Risk Management**
The Board has a risk register and a policy statement which includes specific detailing of the Board’s responsibilities. This includes an outline of key risks and a schedule and action plan for the carrying out of that responsibility. The policy and the workings of the register are formally reviewed by the Board each period. The Board recognises that risk can never be eliminated entirely and that there are aspects of work in which the Football Club rightly has an appetite for risk - including its commitment to recruiting students from nontraditional backgrounds. However, in its financial dealings and its promotion of its aims, the Football Club continues to manage any inevitable risk robustly and effectively.
Consequently, the Board of Trustees is of the view that there is a formal ongoing process in place for identifying, evaluating and managing the Football Club’s significant risks. This process has been in place and operational throughout the period. During the past period, the Trustees reviewed the Risk Register in respect of contingency planning and to managing the risks related to any potential loss of capital assets. The key risks have been assessed and identified as:
1. Safeguarding and safety of our players
2. Completeness of the Membership Register
3. Security of the assets at the Pavilion
4. Controls around Cash and Payments
5. Recruitment and retention of volunteers, particularly coaches and managers
The above risks have been identified and reviewed. Systems have been put in place to mitigate these risks. Particular focus has been placed on the security of the Pavilion having been burgled in July 2017 and the related insurance policies.
The Treasurer reports back to the Board of Trustees and the minutes of these meetings are made available to all Trustees.
Page **7** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
**Trustees’ Annual Report for the period ended 30 June 2024 (continued)**
## **Internal control: Executive Committee**
The Board of Trustees has delegated day to day responsibility for reviewing the adequacies of internal controls and for making any appropriate amendments to the Club Chairman and Executive Committee. They are thereby responsible for reporting to the Board any material weakness or breakdown in internal control which may arise.
The Club Chairman and Executive Committee acknowledges responsibility for ensuring that an effective system of internal control is maintained, operated and recorded by Orpington Football Club. The system provides reasonable assurance that assets are safeguarded, transactions authorised, properly recorded and material errors or irregularities are either prevented or would be detected within a timely period. This is based on a framework of regular management information, administrative procedures and a clear system of delegation and accountability. In particular, this system ensures that:
- formal policies are in place, including rules relating to the delegation of authorities, which allow the monitoring of controls and restrict the unauthorised use of the Football Club's assets;
- experienced and suitably qualified staff take responsibility for important functions;
- forecasts and budgets are prepared which allow the Board and management to monitor business risks and financial objectives, and progress towards plans set for the period and medium term;
- all significant new initiatives, major commitments and investment projects are subject to formal authorisation procedures, through formal relevant sub-committees comprising Board Members and others;
- financial and other performances are monitored regularly within the context of the Football Club’s Strategic Plan;
- planning includes attention to ensuring replacement funding as individual projects approach their completion;
- clearly defined capital investment control guidelines are implemented; and
- formal project management disciplines are adopted where appropriate.
The Board has no reason to doubt that the financial information presented to them is accurate and timely, taking into account all known factors.
## **Fundraising statement**
Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. Although we do not undertake widespread fundraising from the general public, the legislation defines fund raising as “soliciting or otherwise procuring money or other property for charitable purposes.” Such amounts receivable, are presented in our accounts as “voluntary income” and includes legacies and grants.
In relation to the above we confirm that all solicitations are managed internally, without involvement of commercial participators or professional fund-raisers, or third parties. The day to day management of all income generation is delegated to the Executive Committee, who are accountable to the Trustees.
The charity is not bound by any undertaking to be bound by any regulatory scheme and the charity does not consider it necessary to comply with any voluntary code of practice. We have received no complaints in relation to fundraising activities. Our terms of employment require staff to behave reasonably at all times; as we do not approach individuals for funds we do not have to particularise this to fundraising activities nor do we consider it necessary to design specific procedures to monitor such activities.
Page **8** of **20**
## **Orpington Football Club**
## **(INCORPORATED) Limited by guarantee**
## **Trustees’ Annual Report for the period ended 30 June 2023 (continued)**
## **Financial Review**
Overall, the Board of Trustees is satisfied that these accounts reflect the financial position of the Football Club during the period.
Income for the period totalled £167,565 (2023: 166,698). There was an increase in subscriptions, with smaller increases in donations and other income, compared to a decrease in grants.
Expenditure for the period was similar to last year with an increase of £1,650. Match and training costs showed a small decrease whilst administration and running costs increased.
Overall for the period the Football Club made a profit of £18,140 (2023: profit of £18,923).
The Club has covered the costs of delivering services through subscriptions and sponsorship with a small start to the Pavilion fundraising effort. As costs are increasing significantly in the last few years, we will have to consider increasing subscriptions for the 24-25 season.
## **Reserves policy**
The Football Club continues to aim to operate a policy of maintaining reserves at a level to cover three months of committed operational costs. This has been assessed to be £34,500 (2023: £27,000) and is represented by the General Fund balance carried forward.
In light of this the Trustees believe the Football Club’s reserves position to be satisfactory and sufficient.
## **Going concern**
The Football Club continues to appraise its financial situation and to adapt its business model accordingly.
The Trustees have set guidance that the Football Club should budget to meet all commitments and obligations to its players and other stakeholders. They have prepared these accounts on a going concern basis and are satisfied that there are sufficient cash reserves to cover operations.
## **Trustees’ Responsibilities**
Each of the Trustees (directors) has confirmed that so far as they are aware, there is no relevant information of which the company's Independent Examiner is unaware, and that they have taken all the steps that they ought to have taken as a director in order to become aware of any relevant information and to establish that the company's Independent Examiner is aware of that information.
## **By order of the Board**
**____________ Chair of Board of Trustees - Andrew Ingram**
Date: 28 March 2025
Page **9** of **20**
## **Orpington Football Club**
## **(INCORPORATED) Limited by guarantee**
## **Statement of Trustees' responsibilities for the period ended 30 June 2024**
The Trustees are responsible for preparing the Trustees' Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company and charity law require the Trustees to prepare financial statements for each financial period. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including its income and expenditure, of the charity for the period. In preparing those financial statements the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate and proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the requirements of the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page **10** of **20**
**Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Independent Examiner's report to the members and Trustees of Orpington Football Club**
I report on my examination of the accounts of Orpington Football Club for the period ended 30 June 2024.
## **Responsibilities and basis of report**
The Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material 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 as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts to be reached.
Signed:
Date: 28 March 2025
Name: Adrian Greenway, Aplus Accountancy Limited
Relevant professional qualification or membership of professional bodies: MAAT, AAT MIP Address: 13 Tidford Road, Welling, Kent, DA16 3JR
Page **11** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Statement of Financial Activities for the period ended 30 June 2024 (including summary income and expenditure account)**
|**Note**
**Income and endowments**
**from:**
Donations
Charitable activities
**2**
**Total income and**
**endowments**
**Expenditure on:**
Charitable activities
**3**
**Total expenditure**
**Net income /(expenditure)**
Gross transfers between
funds
**Net movement in funds**
Total funds brought
forward
**Total funds carried**
**forward**
**7**|**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**2024**
**Total**
**2023**
**Total**
£
£
£
£
£
2,397
10,000
446
12,843
9,984
148,510
-
6,212
154,722
156,714|
|---|---|
||**150,907**
**10,000**
**6,658**
**167,565**
**166,698**|
||134,935
3,966
10,524
149,425
147,775
|
||**134,935**
**3,966**
**10,524**
**149,425**
**147,775**|
||
|
||15,972
6,034
(3,866)
18,140
18,923
(8,472)
12,312
(3,840)
-
-|
||7,500
18,346
(7,706)
18,140
18,923
27,000
133,495
19,876
180,371
161,448|
||**34,500**
**151,841**
**12,170**
**198,511**
**180,371**|
The annexed notes form part of these financial statements.
All income derives from continuing activities.
Page **12** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Balance Sheet as at 30 June 2024 (Company number 012570232)**
|**Note**
**Fixed Assets**
Tangible assets
**4**
**Current Assets**
Debtors
**5**
Cash at bank and in hand
Creditors
Creditors: Amounts falling due within
one period
**6**
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Represented by**
Unrestricted funds
**7**
Designated funds
**7**
Restricted funds
**7**
**Total funds**|**2024**
**£**
**12,562**
-
187,230
**187,230**
1,281
**185,949**
**198,511**
**198,511**
34,500
151,841
12,170
**198,511**|**2023**
**£**
**4,423**
11,577
167,030|
|---|---|---|
|||**178,607**
2,659|
|||**175,948**|
|||**180,371**|
|||**180,371**|
|||27,000
133,495
19,876|
|||**180,371**|
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised for issue by the Board of Trustees on the 28 March 2025.
_____________________________
**Chair of the Board of Trustees - Andrew Ingram**
Page **13** of **20**
**Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2024**
## **1. Accounting policies**
The principal accounting policies adopted in the preparation of the financial statements are as follows:
## _**Basis of preparation**_
The financial statements have been prepared under the Charities Act 2011, the Charities’ Statement of Recommended Practice (Charities SORP (FRS 102) as amended by Update Bulletin 2) and Financial Reporting Standard 102 applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Orpington Football Club constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## _**Going concern**_
The Trustees have prepared these accounts on a going concern basis. They have reviewed the budgets and forecasts forming the charity’s business plan for a period in excess of twelve months beyond the date of signing of the account. The Trustees consider therefore that they have reasonable assurance that the charity will continue to operate. This includes any negative financial impact as a result of COVID-19.
## _**Funds**_
General funds represent the funds of the Company that are not subject to any restriction regarding their use and are available for use at the discretion of the Trustees in furtherance of the objectives of the charitable company.
Designated funds are funds set aside at the discretion of the Trustees for a particular purpose and carry no restrictions. Restricted funds consist of grants and bursaries which are subject to restrictions on their expenditure by the donor.
## _**Income**_
All income is included in the statement of financial activities when the charitable company is entitled to the income, it is probable that the income will be received, and the amount can be measured reliably. Grants and donations received as Restricted Funds, defined as those which carry an obligation to repay any sums not actually spent, are brought into the SOFA in the period of receipt and carried forward within Restricted Funds until either spent or refunded.
## _**Deferred income**_
Where unconditional entitlement to grants receivable and fees paid in advance is dependent upon fulfilment of conditions within the Football Club’s control, the incoming resources are recognised when there is sufficient evidence that conditions have been met. Where there is uncertainty as to whether the Football Club has met such conditions, or the funder clearly states that the funding is for the next financial period, then the incoming resource is deferred. Subscriptions are recognised over the duration of membership, fees received in advance are accounted for in liabilities and released over the period of membership.
## _**Expenditure**_
Expenditure is included in the accounts on an accruals basis.
## _**Charitable activities**_
All costs are allocated between categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly or apportioned on an appropriate basis.
Page **14** of **20**
**Orpington Football Club**
**(INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2024**
## **1. Accounting policies (continued)**
## _**Tangible fixed assets**_
All capital expenditure below £500 is written off as and when it is incurred. Depreciation is provided on all tangible fixed assets other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fittings and education equipment -
over 4 to 10 years
## _**Debtors**_
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## _**Creditors and provisions**_
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## _**Taxation**_
Orpington Football Club is a registered charity within the meaning of paragraph 1 of schedule 6 of the Finance Act 2010. Accordingly it is exempt from taxation in respect of income or capital gains within categories covered by chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. No tax charge arose in the period.
## _**Judgements in applying accounting policies and key sources of estimation uncertainty**_
In the application of the company's accounting policies, the directors 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.
In preparing these financial statements, the key judgements and estimates have been made in respect of the following:
- Debt provision: Provisions for bad debt are based on the likelihood of recovery.
- Going concern: In light of current economic circumstances and the impact on the Football Club’s business the Trustees’ have paid particular attention to this matter.
Page **15** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2024**
## **2. Charitable activities**
|Subscriptions
Grants and sponsorship
Other income
**3. Charitable activities**
Match and training costs
Administration and running costs
Governance: Accountancy and
Independent Examination|**2024**
**2023**
£
**£**
119,894
109,729
13,265
31,861
21,563
15,124|
|---|---|
||**154,722**
**156,714**|
||**2024**
**2023**
**£**
**£**
114,087
116,368
34,403
30,472
935
935|
||**149,425**
**147,775**|
Page **16** of **20**
**Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2024**
## **7. Fixed Assets**
|**7. Fixed Assets**||
|---|---|
|**Cost**
At I July
Additions
Disposals
**At 30 June**
**Depreciation**
At I July
Charge for the year
Released on disposal
**At 30 June**
**Net Book Value**
**At 30 June 2024**
**At 30 June 2023**
**5. Debtors**
Subscriptions due
Other debtors
Prepayments and accrued income
**6. Creditors: amounts falling due within one year**
Trade creditors
Accruals and prepaid subscriptions|**Equipment**
**Total**
**£**
**£**
7,066
7,066
12,105
12,105
-
-|
||**19,171**
**19,171**|
||2,643
2,643
3,966
3,966
-
-|
||**6,609**
**6,609**|
|||
||**12,562**
**12,562**|
||
|
||**4,423**
**4,423**|
||**2024**
**2023**
**£**
**£**
**-**
1,492
**-**
**-**
**-**
10,085|
||**-**
**11,577**|
||**2024**
**2023**
**£**
**£**
346
-
935
2,659|
||**1,281**
**2,659**|
Page **17** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2024**
## **7. Funds**
|**Unrestricted**
General Fund
**Designated**
Pavilion
Development Fund
Fixed asset Fund
Total Unrestricted
**Restricted**
Barclays Community
Football Fund - Deep
Impact grant
Bromley (London)
Community Fund
Dean Francolini
Disability Rights UK
22-23
Football Foundation
(pitch)
Football Foundation
(gates)
Jack Petchey
London Youth
Other restricted
funds
Total restricted
**Total Funds**|**Balance b/f**
**30 June 2023**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**between funds**
**Balance c/f**
**30 June 2024**
**£**
**£**
**£**
**£**
**£**
27,000
150,907
134,935
(8,472)
34,500|
|---|---|
||129,072
10,000
-
207
139,279
4,423
-
3,966
12,105
12,562|
||133,495
10,000
3,966
12,312
151,841|
|||
||160,495
160,907
138,901
3,840
186,341|
||
4,115
-
2,088
-
2,027
510
-
510
-
-
9,381
-
-
-
9,381
2,376
-
2,376
-
-
-
-
2,280
-
(2,280)
-
-
-
(1,550)
(1,550)
600
900
863
-
637
-
4,012
580
-
3,432
2,894
1,746
1,827
(2,290)
523|
||19,876
6,658
10,524
(3,840)
12,170|
|||
||**180,371**
**167,565**
**149,425**
**-**
**198,511**|
The transfer between the General Fund and the Pavilion Development Fund occurred to maintain the General Fund balance at £27,000 in accordance with the Reserves Policy; transfers between the Fixed asset Fund and both the General Fund and the Football Foundation (gates) are transfers of fixed assets; whilst the transfers between the General Fund and Other restricted funds are re-allocation of expenditure to restricted funds.
Page **18** of **20**
## **Orpington Football Club**
## **(INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2023**
## **7. Funds (continued)**
Designated funds represent monies allocated to the new pavilion development set aside by the Trustees.
Restricted funds:
**Barclays Community Football Fund - Deep Impact grant:** Developing and growing football activities for young people from underrepresented groups.
**Bromley (London) Community Fund:** Funding supporting our Young Leaders coaching programme.
**Dean Francolini:** Personal donations made in memory of Dean Francolini earmarked for the new Pavilion development.
**Disability Rights UK:** Funding for Young Leaders supporting our SEN Stallion training offering.
**Football Foundation (gates):** Pavilion fence gate funding
**Football Foundation (pitch):** Funding for pitch improvements
**Girls Football:** Sport England Funding to support the development of new girls’ teams at Orpington FC.
**Jack Petchey:** Recognises outstanding achievement in members aged 11-25 years old.
**London Youth:** Young leaders funding
**Pitch Improvement:** Football Foundation funding for the improvement of the pitches in Goddington Park.
**Other restricted funds:** Various grants and donations given for a specific purpose.
Page **19** of **20**
## **Orpington Football Club (INCORPORATED) Limited by guarantee**
## **Notes to the Financial Statements for the period ended 30 June 2024**
## **7. Funds (continued)**
|**7. Funds (continued)**||
|---|---|
|**Unrestricted**
General Fund
**Designated**
Pavilion
Development Fund
Fixed asset Fund
Total Unrestricted
**Restricted**
Bromley (London)
Community Fund
Dean Francolini
Disability Rights UK
22-23
Girls Football
Jack Petchey
Pitch Improvement
Barclays Community
Football Fund - Deep
Impact grant
Other restricted
funds
Total restricted
**Total Funds**|**Balance b/f**
**30 June 2022**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**between funds**
**Balance c/f**
**30 June 2023**
**£**
**£**
**£**
**£**
**£**
27,000
140,645
115,115
(25,530)
27,000|
||107,865
-
7,971
29,178
129,072
4,912
-
1,403
914
4,423|
||112,777
-
9,374
30,092
133,495|
|||
||139,777
140,645
124,489
4,562
160,495|
||3,175
-
2,665
-
510
9,381
-
-
-
9,381
-
4,409
2,033
2,376
1,316
-
1,316
-
-
947
1,900
2,247
-
600
-
10,085
10,085
-
-
-
4,115
-
-
4,115
6,852
5,544
4,940
(4,562)
2,894|
||21,671
26,053
23,286
(4,562)
19,876|
|||
||**161,448**
**166,698**
**147,775**
**-**
**180,371**|
The transfer between the General Fund and the Pavilion Development Fund occurred to maintain the General Fund balance at £27,000 in accordance with the Reserves Policy; transfers between the Fixed asset Fund and both the General Fund and the Football Foundation Fund are transfers of fixed assets; whilst the transfers between the General Fund and Other restricted funds are for monies to cover subscriptions in hardship cases and re-allocation of expenditure from restricted funds.
## **8. Related parties and transactions with Trustees**
No trustees were reimbursed for travel expenses and subsistence incurred in the course of their duties.
Page **20** of **20**