COALVILLE TOWN YOUTH FOOTBALL CLUB LTD FINANCIAL STATEMENTS FOR 31 OCTOBER 2023 07r2D24 COMPANIES H¢JISE •184 Company Registration Number 12968750 Charity Number 1193134
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 Conlents Page Members of the board and professional adviser Trust¢¢s' annual rew)rt Independent examiners reFK)rt Staternent of financial activities Balance Sheet Notes io the financial siatements 8-14
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 The Board of Truste Wayne McDerni0tt Glyn Rennocks Joanne Robinson Andrew Wilkinson Regislered Address Clo Derby Community Accountancy Service Babington Lodge 128 Green Derby DEI IRY Independent Examiner Mark Newey Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DEI IRY
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD FINANCIAL sTATEmEs YEAR ENDED 31 OCTOBER 2023 TRUSTEES ANNUAL REPORT The trustees. who are also Directors for the purposes of th¢ Companies Act. have pleasure in preseniing their report and the unaudited financial statements of the charity for the year ended 31 October 2023. Strueture? governanc4 and maDagement Objectives and activities The charity's objects (objecis) are for the public benefit generdlly but with particular reference 10 the inhabitants of Coalville and its surrounding areas.. to promote community participation in healthy recreation, particularly but not exclusively among children and young. Summary of the main activities undertaken for the publi¢ benefit ID relation to these objectives In planrking our activities for the year. wc kept in mind the Charity Commissions guidance on public benefit at our trustee meetings. Review of the Year's developments Ydnd acbievements Throughout ihe 22123 financial y¢ar the club hav¢ Continued to grow in all areas th on and off the pitch. Membership numbers have increased for the male and female offerings and so too has the number of players tsking parl in our inclusive sessions. It is important to note that whilst the Club continues to grow it does so in a sustainable manner to ensure that it can continue to offer footballing and community activities long into the future. Teams The number of teams representing Coalville Town Youth F¢)otball Club has continued to grow for the 22123 season and over this period over 900 children and young adults enjoyed taking part in footballing activitl¢s in the Coalville and its surrounding area. What we have athieved The club continued to maintain its 3 star rating on The FA'S England Football Accredited framework. Our 3 Stsr accrediiation is given for the club continuing a pathway from Under 7's to Under18'5 together with an Under 21's side in male football, Under 7.5 to Under 18's in female football with 2 female adult leams and CTYFC we also offer Inclusive Football. All this has been made ssIble with the fantsstic work of all the volunt¢¢rs at th¢ club. Having been launched in October 2021 the club continues to provide inclusive football sessions for over 30 children and have also launched two inclusive teams thai tsk¢ part in games that are organised in the local area against other inclusive ieams.
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 Prioriti&8 & The Future The trustees of the club and its cornmit memr$ have been working iirelessly to continue the sustainable growth of the club this not only includes ihe number of members but more imp)rtanily Ihe facilities that are used by all those who represent the club. The club have signed a long tem] lease wilh North West Leicestershire District Council for part of the land and also the clubhouse at Owen Street. The lease was a pre¢ursor to olxaining funding from the Football Foundation for a new 3G pitch at Owen Street. Planning pemlission was granted for the 3G piich in March 2022 and all the relevant planning permission conditions were met by the club by August 2022. The application for Football Foundation funding was completed and the award for funding was given in October 2023. With the planning and fundin8 in place the build is scheduled to sthrt in early 2024. The new 3G pitch will ensure that Coalville Town Youth Football Club continues to bc al the forefront of the local community. FINANCIAL REVIEW Reserves Policy The charity's reserves l1¢Y aims to hold 3 months TUDning costs in reserve Independent EyamiDer Derby CAS are continuing in office as independent examiner TRUSTEES ANNUAL REPORT STRUCTURE GOVERNANCE AND MANAGEMENT Governing Document Coalville Youth Football Club Ltd has a5 Its Registered Office, Derby Community Accountancy Service, Babington Lodge. 128 Green Lane. Derby. DEI I RY. is a company limited by gUarane and not having a 5har¢ capital (company registration No. 12968750) and Registered Charity (No. 1193134).This is in aecordance with the charity's governing document. the Memorandum and Articles of Association. incorporated on 22 (ktober 2020 a5 amended by special resolutions dated 20 December 2020. Trustee sele¢tion methods A skills audit has been undertaken to discover those skills which are required by the trustee body. Efforts are made io rtrruit trustees who meet the skill requirernenL Risk management policy The trustees examine the major risks that the charity faces each financial year when pParIng and updating the strat¢8ic plan. The charity has developed systems to monitor and control th¢5e risks to mitigate any impact that they may have on the charity in ihe future.
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD FINANCIAL STATEMENTS YEAR EIYDED 31 OCTOBER 2023 Independent Examiner Derby CAS acted as independent examiners during the year. Registered office- Clo Derby Community Accountancy Service Babington Lodge 128 Green Lane Derby DEI IRY Signed on b¢half of the Trustees Andrew Wilkinson Trustee
COALVILLE TOWIY YOUTH FOOTBALL CLUB LTD FINANCIAL sfATEMENTS YEAR ENDED 31 OCTOBER 2023 IDdep¢ndent Examiner's Report to the Trustees of Coalvilk Town Youth Football Club Lid. I report on the accounts of the charity for the year ended 31 October 2023 which are set out on pages 6 to 14. Respective responsibilities of the ¢ThteeS and examiner As the charity trusiees of the Trust. you are reswnsible for the preparntion of the acwunts in accordance with the requirements of the Charities Act 2011 ('kne Act"). I report in respect of my examination of the TSt'S accounts carried out under section 145 of the 201 l Act and in carrying oul my examinalion. I have followed the applicable Directions given by the Charity Commission und¢r section 145(5Xb) of the Act. Independent examiner's $tatemenl I have completed my examination. I confirni that no material matters have corne to my attention in connection with the examination which gives me cause to believe that in. any material respect: accounting records wer¢ not kept in accordance with section 130 of the Act or th¢ accounts do not accord with the accounting records I have no conc¢ms and have come across no other matters in connection with the examination to which attention should be drawn in order to cnable a proper understanding of the accounts to be reached. Mark Newey ACMA Derby Community Accountancy Service Babington Lodge 128 Gr¢¢n Lane Derby DEI IRY Date
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD STATEMENT OF FINANCIAL AcfiviTY YEAR ENDED ocfoBER 31# 2023 Total Funds Year to 31 Oct 2023 Total Funds Yearto31 Oct 2022 Unrestrieted Funds R&stri¢ted Fund5 Not¢ Ineome from: Donations Charitsble activities Other income Investment income 2J81 272.823 3.156 934 2J81 274,143 3,156 934 3.173 232.745 1.075 lJ20 Total ineomillg res(Jurces 279294 lJ20 280,614 236,993 enditure on: Raising funds 3.855 3J55 3.089 Charitsble activities 218273 lJ20 21993 202.167 205,256 Tot&1 resources expended 222.128 lJ20 223,448 Net incoming/(outgoing) resour¢es before transfers 57,166 57,166 31,737 Transfer between funds Net in¢omingl{outgoing) resourtes for the year 57,166 57,166 31,737 Balances brought forward Balances carried forward 124.909 124,909 93,172 124,909 182.075 182,075 The charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classcd as continuing. The notes on pages 8 to 14 form part of these financial stxtemen
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD BALANCE SHEET 31 ocfoBER 2023 2023 2022 ote CurreDI 855ets Debiors Cash at bank and in hand 189,742 125,709 189.742 125,709 Creditors: amounts falling due within one year 12 7,667 800 Net Current assets 182,075 124.909 Total assets less current liabilities 182,075 124,909 Ne¢ assets 182,075 124,909 The funds of the charity: Restricied Unrestricted - general reserves Unrestricted - designated reserves 13 13 13 182,075 124.909 TOTAL CHARITY FUNDS 182,075 124,909 For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities= (i) The members have not required the company to obtsin an audit of its accounts for the year in question in accordan¢¢ with section 476- and (li) Th¢ directors acknowledge iheir reswynsibilities for complying with the requirements of the Act with respect io accounting records and the preparation of accounts. These financial statements have been prepared in acwrdanc¢ with thc special provisions for small companies under Part 15 of the Companies Aci 2006. These financial statements were approved and authoriscd for issue by the members of th¢ ¢0 mittee and re signed on their behalf by: Andrew Wilkinson Trustee Company Registrdtion Number.. 12968750 Date 20Z4f The not on pag 8 to 14 form part of these financial stalements.
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 3I ooBER 2023 Accounting policies The wincipal accounting wlicies adopted, judgements and key Sources of estimation uncertainty in the preparation of the financial statements a as follows: Company information Coalville Town Youth Football Club Ltd is a company limited by guarantee not having a share capital. The company's registered office is, Clo Derby Community Accountancy Service, Babington Lodge. 128 Green Lane, Derby, DEI IRY. At the end of the year there were 4 Trustees, each of whom, under the tcrnis of the Memorandum and Articles of Association, had undertaken to contribute the sum not exceeding £1 in the event of a winding up of the company. 1.1 Accounting conveDtioD These accounts have been prepared in accordance with FRS 102. "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"). "Accounting and Reporting by Charities" the Statement of Recornmend Practi¢e for charities applying FRS 102, the Companies Act 2006 and UK Generally A¢¢¢pted Accounting Practice as it applies from l January 2015. The charity is a Public Benefit Enlity as defined by FRS 102. The accounts are prepared in Sterling whieh is the functional currency of the charity. Monetary amounts in these financial ststements to the nearest £. The accounts have been prepared on historical cost ¢onvenlion. The principal accounting FM)Iici¢s adopt¢d are set out below. These arc a¢¢ounts for the year ended 31 October 2023 are prepared in accordance with FRS 102, The Financial Rew)rting Standard applicable in the UK and Republic of Ireland. The dale of iransition to FRS 102 was l April 2015. 1.2 Going ¢oneern At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus the TStee$ continue to adopt the going cotKcrn basis of accounting in preparing the accounts. 1.3 Charitable Funds Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of the general objectives of the charity. Designated funds are unrestricted fijnds eamiarked by the trustees for particular purFoses. Reslricted funds are subjected to restrictions on their expenditure imposed by ihe donor or through the tem1$ of an apal. 1.4 Incoming r¢source8 All incoming resources art included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with r¢awnable accuracy. Gifts in kind have been included at market value of gifts received and in assets acquired. No amounts are included in the financial siatements for services donated by volunteers.
cOALLLE TOWN YOUTH FOOTBALL CLUB LTD NOTES TO THE FINANCIAL STATEMEiYrs YEAR ENDED 31 OCTOBER 2023 1.5 Resources expended All expenditure is accountrd for on an accn*15 basis and has been classifi¢d under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Fund-raising costs are those incurTed in seeking voluntary contributions and do not include the costs of disseminating infomialion in the supwirt of the charitsble activities. 1.6 Debtors Trade and other debtors are reeognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash and eash eq1valentS Cash and cash equivalents include cash in hand. dep1 held at call with banks, other short- lem] liquid investments with original maturiiies of three months or less. and bank overdrafts. Bank overdrafts are shown within b)rrowings in cutTent liabilities. 1.8 Creditors and prnvisions Creditors and provisions are recognised where the charity has a presenl obligation resulting from a past event that will probably rc5uIt in the transfer of funds to 8 ihird party and ihe amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are nomially recognised ai their settlement amount after allowing for any trade discounts due. 1.9 Financial instruments The charity has financial assels and financial liabilities of a kind that qualify as basic financial instruments. Basic financial insirumenis are initially recognised at transaclion value and subsequently measured at their settlement value. DerÈeognilion offinoncial liobililies Financial liabilities are derecognised when the charity's contractual obligations expire or are di5charg¢d or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's 5¢rvices are received. Termination benefits are recognised immediately as an expense when the charity is demonstrdbly committed to tern)inaie the employment of an employe¢ or to provide temination benefits. 1.11 Taxation The charity is exempt from tsx on income and gains falling with section 505 of the Taxes Aet 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD NOTES TO THE FINAJYCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 1.12 Depreeiation Individual fixed assets ¢OSting £l.(KKI or more are capitalised at cost and are depreciated over their estimatd useful economic lives on a straight line basis as follow5.'. Asset eategory Annual rnte Building 2Vo Critical accounting estimates and judgements In the application of the charity's accounting rM)licies. the trustees are required to make judgements, estimates and assumptions about the carrying amounl of assets and liabilities that are not readily appareni from oiher sources. The estimated and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Voluntary income ToLIl Funds Year to31 Oct 2023 Total Funds Yearto31 Oct 2022 Uurestricted FuDds Re5tri¢ted Funds O¢h¢r donations 2J81 2J81 3,173 2J81 2J81 3.173 Charitable Activities Total Funds Year to 31 Oct 2023 ToLIl Funds Yearto31 Oct 2022 UDre5tricted Funds Restricted Funds Grants Leicestershire and Rutland Playing Fields Association Football Association Fooiball League No Room for Racism North West Leiceslershire County Football Association SrK)rted Foundation Appolo Partnership 299 3J33 299 6J33 375 500 250 600 820 820 150 Other charitable 2¢tivities Subscriptions Sponsorship and activities 207,906 $8285 272.823 207,906 58,285 135,844 95.526 lJ20 274.143 232.745 -io-
COALVILLE TOWN YovfH FOOTBALL CLUB LTD NOTES TO THE FINANCIAL STATEMEWTS YEAR ENDED 31 OCTOBER 2023 Syndry Income Year to 31 Oct 2023 Year to 31 Oet 2022 Sundry 3.156 1,075 3.156 1.075 6 Interest receivable Year to 31 Oct 2023 Year to 31 Oct 2022 Bank interest receivable 934 Total resources expended Accountants Activity costs Club costs Coaching Fees Donation Equipment Match fines League. FA Affiliation and other fees Fundraising Kit costs Match day ¢osts Pitch costs Sundri¢5 1,225 10,578 30,095 20,709 20 12,295 8(K 24.647 37,726 5.585 13.646 2232 10,572 3.089 53,478 14,790 38.641 16,910 3,855 41,458 18,664 66,233 1,406 223.448 205,256 Expenditu on charitablc activities was £219,593 (2022: £202.167) of which £1,320 was restricted (2022-. £1.375) -li-
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 OCTOBER 2023 Net (expeDditure)lincome Year to 31 Oet 2023 Year to 31 Oct 2022 Independ¢nt examiner's Fces Depreciation 1,000 800 9. Trustees attd key management personnel During the year trustees did not receive remuneration for their roles as trustees The key management Ftrsonnel of the charity consist of the trustees. The aggregate payroll costs were: Year to 31 Oct 2023 Year to 31 Oct 2022 Wages and salaries National Insurance Pension No employee earned more ihan £60.000 annum. No trustees were reimbursed for expenditure. Parti¢ulars of employe¢s: The averdge number of stsff employed by the charity during th¢ financial y¢ar amounted to.. Year to 31 Oet 2023 Year to 31 Oct 2022 Direct Charitable Sthff (full time equivalent) Administration 10. Debtors: 2023 2022 Debtors -12-
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 ooBER 2023 11. Creditorg: 2023 2022 Accountancy Deferred income: Football Assoclation 800 6,667 7,667 800 12. Statement of fund$ At l Nov. 2022 Incoming Outgoing TraDsfen At 310et 2023 General reserve De5igttated Funds Totsl Unrestricted funds 124,909 279294 222.128 182,075 124,909 279394 222.128 182,075 Restricted Funds North West Leicestershire Districl Council Sw)rted Foundation Sported Foundation 500 soo 320 320 Total restricted funds lJ20 lJ20 Tot21 funds 124909 280,614 223,448 182,075 RESTRICTED FUNDS North West Leicestershire District Coun¢il This was a grant from the local authority which was applied for and used up to improve the energy ¢ffi¢iency of the club house. Specifically the improvernent gained by installing LED lighting and rnotion sensors to save energy. Sported Foundation £500 This was to continue the funding of the inclusive sessions through pitch hire and also equipment purchase Sported Foundation £320 This was to improve female coach development and paid for the FA Level I Coach courses for 2 female coaches which have been complele.
COALVILLE TOWN YOUTH FOOTBALL CLUB LTD NOTES TO THE FINANCIAL STATEMEWTS YEAR ENDED 31 OCTOBER 2023 14. Analysis of net assets Tangibte red assets Other net assets Total Unrestricted funds General Funds Designated Funds 182.075 182,075 Restricted Funds 182,075 182,07S IS. Related party transactions A director of Coalville Tovm Youth Football Club is also a director of Coalville Town Football Club (Company Registration Number09123781). The youih club uses the Coalville Town Football Club's clubhouse and football pitches at Owen Sireet. They hav¢ never asked for payment for their use beyond replacing consumables such as loilet par or cleaning products. No such payments were made for the year ending 31 October 2023. -14-