REGISTERED COMPANY NUMBER: 12968750 {En8land and Wales) REGISTERED CHARITY NUMBER: 1193134 Report of theTNslees and Audited Financ4al St*ements . forthe Year Ended 31 Octobei 2024 Coalvllle Town Youth Football aub Ltd IA Company Limited by Guarnntee) 8oLEme & Co Statlrtory Auditors 6 Lichfield Street Burt0n-on-Trtt Staffordshire DE143RD •AEWIPJ5¥ 12107r2025 COMPANIES HOUSE
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Co•l¥illt Town Youth Foothall aub Ltd Contents of the financial Ststements for the Year Ended 31 Ortober 2024 Rep of theTrustees I to 4 Report of the Independent AlitorS ststement of lancial Activities Balance Sheet io Cash Aow St*ement li Notes to the Cash Flow Ststement 12 Notes to the Financial Statements 13 to 21 Detslkd Statement of Hnandal Artivitres 22 to 23
COalI1e Town Yolrth Foothall aub Ltd Report ofthe Trustees forthe Year Ended 31 OLtober2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Repu1¢ of Ireland (FRS 1021 leffective l January 2019}. OBJECllVES AND AcnvmES Objettfves and aims The charity's objects lobjectsl are for the public benefrt generally but with particular reference to the inhabitants of Coalville and it5 surrounding areas: lo promote community participation in healthy recreation. particularly but not exdusivety among children and young. Public benefit In planning our activities for the year. we kept in mind the Charity Commisston's guidance on public benefit at our trustee meetings. STRATEGIC REPORT Achievement and performance Charitable activitie5 Throughout the 2023124 financial year the dub has continued to grow in all areas both on and off the pitch. Membership numbers have increased for the male and female offerings and so too has the number of players taking part 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. Fundralslng artl¥llSes The charity doe5 not carry 04rt signifKant fundraising artNities. Intemal and extemol factors The number of teams fepresenting Coalville Town Youth Football aub has continued to grow for the 23124 season and over this period over 950 children and young aduhs enjoyed taking part in football activities in the Coalville and its 5uffour)ding area. The club continued to maintain its 3 star ratin& for the fourth consecutNe year, on The FA'S England Football Accredited framework. Our 3 star accredrtation is given for the club continuing a pathway from Under 7's to Under 18's together with an Under 21.5 side in male Football, Under 7's to Under 18's in female football wth 2 female adu teams and our continued support and development of Inclusive Football. All this has been made possible wrth the fantastic work of over volunteers at the dub. Having been launched in October 2021 the club continues to provide indu5rve football sessions for over 30 children and have also launched two indusNe teams that take part in games that are organised in the local area against other inclusive team5. Following the undertaking of the long temi lease from NWLDC the dub also took on responsibility for operating the cafe at Owen Street which Serves te members of yFC. Together with the increased footfall at Owen Street due to the 3G pitch usage this ha5 proved a successful addition to the club's facilities. Page I
Co34e T4)wn Youth Football aub Ltd Report of the Trustees for the Year Ended 310rt¢)ber 2024 srRATEGIC REPORT Financial rewew Resefves poliry The charity's reserves policy aims to hold 3 months running costs in reserve. Future plans The main focal point of the club over the past 5 years has been the project to deliver a 3G pitch at Owen Street for the purpose of providin8 the club with an all weather pitch that can be operated throughout the year increasing the participation in footballing actrvities. increasing the usage of the Owen Street facility the home of Coalville Town Youth Football Club and also providing the club with 3 sustainable future. The 3G pitch formally opened in Mat 2024 and is used by not only the club but also by l¢xal businesses and drfFerent clubs in the local area 7 days a week. At weekends the pitch is extensively used to guarantee match days Saturdays and Sundays throughcmjt the season.ln conjunrtion wth the new pitch the addition of the club cafe has provided welcome freShMentS to the club's members and also provides a modest revenue stream. The dub has be8un to assign reserves to the sinking fvnd for the resurfacing of the 3G pitch as directed byThe Football Foundation. The next undertaking of the club will be to assess the current clubhouse facilities in order to maximise the use of Owen Street as a home for the football club. This project will be the focus of the club over the next 5 year period. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document, a deed of twst and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2¢J)6. Coalville Youth Football Club Ltd has as its Registered OFfice. Derby Community Accountancy Service. Babington Lodge, 128 Green Lane, Derby, DEI IRY. It is a company limited by guarantee and does not have any share capital. Its company registered number 1$ 12968750 and its registered charrty number is 1193134. This is in accordance with the charity's governing document. the Memorandum and Article5 of Association, incorporated on 22 October 2020 as amended by special resolutions dated 20th December 2020.The principal place of business is carried out at Mander Cwi¢kshank Solicitors Stadium, Owen Street, Coalville, LE67 3D Re¢rultment and appointment of new trustees A skills audit ha5 been undertaken to discover those skills which are required by the trustee body. Efforts are made to reryuit trustees who meet the skill requirement Risk management The trustees examine the major risks that the charity faces each financial year when preparing and updating the strategi¢ plan. The chartty has developed systems to monitcrf and control these ris to mitigate any impact that they may have on the charity in the fvture. REFERENCE AND ADMINISTRATIVE DETAILS Registered Campany nurnber 12968750 (England and Wales) Regislered Charlty number 1193134 Page 2
COalI1e Town yth Foothall aub Ltd Report ofthe Trustees for the Ye¥ Ended 31 Ortober 2024 RegiSted oflke Clo Derby Community A¢¢ountsncy Semces 128 Green Lane Derby DEI IRY Trustees W S Mcdermott Engineer G R Rennocks Managing Director Mrs l K Robin50n Civil Servant A B Wilkinson Analyst Audltors Bourne & Co Statutory Auditors 6 chfield Street Burton-on-Trent stsfford5hire DE143RD srATEMENT OF TRUSTEES. RESPONsIBIlEs The trustees (who are also the directors of CO3111t Town Youih Football Club Ltd for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with appli¢able law and United Kingdom Accounting Standard5 (United Klngdom Generally Accepted Accounts"n8 Pra¢ticel. Company law requires the trustees to prepare finanoal ststements for each financial year which give a true and fair view of the state of affairs of the charttable company and of the incoming resources and application of SOUrces. including the income and expenditure, of the Charitsble company for that period. In preparing those financial ststements, the trustees are required to select suitable accounting policies and then apply them consiStentfy- obseNe the methods and principles in the Charity SORP,. make jud8ements and estimates that are reasonable and prudent: stste whether applicable 3c¢ouniing standards have been followed. subject 10 any material departures disclosed and explained in the financial statements- prepare Ihe financial statements on the going conrn basis unless it is inappropriate to presume that the tharrtable company will continue in business. The trustees are responsible for keeping proper accounting records which dis¢10se with reasonable accurary at any ty.me the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2(K)6. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irre8ulartties. In so far as the trustees are aware.. there is no relevant audit information of which the charitable companTrls auditors are unaware- and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Page 3
IDrtheYr4rEnded 31 I0Z4 Reportof the trusiees ¥KorpoYatin8 a straie8ic rep¢rt approved order of the board of trustees. as the compary dlre¢tor¥ on...... ?olS .. and 5ipd on the board's behalf by: A B W*lnsoft-Trustee Pa8e 4
Report ofthe Independent Auditors to the Members of Coalville T<Mn Youth Football Club Ltd Opinion We have audited the financial statements of Coamlle Town Youth Football Club Ltd (the '¢harttable company'l for the year ended 31 October 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow statement and notes to the financial statements, induding a summary of significant accounlin8 policies. The financial reporting framework that has been applTed in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charitsble company's affairs as at 31 October 2024 and of its incoming resources and application of rewurces. including its income and expenditure. for the year then ended,. have been propeAy prepared in accordan with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements ofthe Companies Art 2006. Basis for opinion We conducted our audit in accordance with International Starbdards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the finanaal statements sectÉon of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is SLrfficient and appropriate to prowde a basis for iyjr opinion. Conclusions relating to goin8 ¢on¢ern In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have rt identffied any material uncertainties lating to events or conditions that, indiwdually or collectively. may Glst significant doubt on the charitable company's abilr(y to continue as a going concern for a period of at least twelve month5 from when the financial statements are authorised for issue. Our sponsibl11t1es and the responsibilities of the trustee5 with respect to going concern are described in the levant sertions of thLS report. Other inforrnation The trustees are fesponsible for the other information. The other information comprises the informatlon included in the Annual Report, other than the financial ststements and our Report of the Independent Auditors thereon. Our opinion on the financial sratements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assuran conclusion thereon. In connection wtth our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or ovr knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or apparent material misststements, we a required to determine whether this gives rise to a material misstatement in the finanual statements themselves. If, based on the work we have performed. we conclude that there is a marerial misstatement of this other information. we are required to report that fatt. We have nothing to report in thi5 regard. Page 5
Report of the Independent Auditors to the Members of Coalville Town Youth Football Club Ltd opin10r on other matters prescribed by the Companies Art 2006 In our opinion, based on the work undertaken in the course of the audit- the information given in the Report of the Trustees for the financial year for whith the financial statements are prepared is consistent with the financial 5tatements,' and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exfeptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Report of the Trustees. We have nothing io repon in respect of the following matlers ¥there the Companies Act 21))6 requires us to report to you if, in our opinion- adequate accounting records have not been kept or retums adequate for our audit have not been ived from branches not visited by us: or the financial statements are not in agreement with the accountire records and return5,' OT certsin disclosures of trustees. remuneration specified by law are not made: or we have not received all the infonnation and explanations we require for our audit. Responsibilities of trustees As explained more fulty in the Statement of Trustees, Responsibiltties, the trustee5 Iwho are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal Control as the tnjstees dètermine is necessary to enable the preparatbon of financial ststements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative but to do so. Page 6
Report ofthe Independent Auditors to the MembÈffs of Coalville Town Youth Football Club Ltd Our responsiblllties forthe audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or the aggregate, they could reasoftab be expected to influence the economic decisions of users taken on the basis of these financial staternents. The extent to which our procedures are capable of detecting irregularitie5. including fraud is detailed below: - Discussions and correspondence with management. iricluding known or suspected instances of rton-¢ompliance with laws and regulations and fraud Reviewing nominal ledger transactions with particular emphasis on journal entries posted by management Being alert throughout our work for anything considered unusual byvirtue of size or nature. Because of the inherent limitations of an audit. the is a risk that we will not detect all irregularities. including those leading to a material rnÈsstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transartions refiected in the financial statements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud invofve5 intentional concealment. forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at vrnw.frc.org.uVauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Other matters which we are required io address The comparative figures were unaudited. However. as a part of our audit procedures carried out on the year ended 31 Ottober 2024 financial stsiements. we have been able to obtain sufficient audit evidence to support the opening balance position of the charity and therefore. our audit opinion has not been modified. Page 7
Report of the Independent Auditors to the Membeys of CoallIeTown Youth Football aub Ltd Use of our report This report 15 made solely to the charitable companvs members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2CQ6. Our audit work has been undertaken so that we might State to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume SponsIbl11ty to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report. or for the opinions we have formed. * Co. Callum Edwards ACA (Senior StatLrtory Auditor) for and on behalf of Bourne & Co Statutory Auditors 6 Lichfield Street Burton•on-Trent Staffordshire DE14 3RD Date.. 'Page8
Coal¥ille Town Youth Foottjall aub Ltd Statement of f#)andal Acll¥i for the Year Ended 31 October 2024 31.10.24 Totsl fiJnds 31.10.23 Total funds Unrestricted funds Restricted fund Note5 INCOME AND ENDOWMErirs FROM Oonations and legacies 9,709 9.709 2,381 Charitable acli¥itie5 Charitable activities 305.573 8.239 313,812 274,144 Investment income Other income 1.803 1.175 1.803 1,175 934 3,155 Total 318,260 8.239 326.499 280.614 EXPENOITURE ON Raising funds 1.765 1.765 3.855 Charitable a¢tl¥ities Charitable artivities 222,501 8.239 230,740 219.594 Tolal 224.266 8.239 232,505 223.449 NEf INCOME Transfers between fvnds 93,994 1135.8501 93.994 57.165 17 135.850 Net movement In funds 141.8561 135.850 93,994 57.165 RECONauATION OF FUNDS Total funds brought forward 182.075 182.075 124.910 TOTAL FUNDS CARRIED FORWARD 140.219 135,850 276,069 182,075 The notes form part ofthese financial statements Page 9
3LIO24 31.10.23 Totsl fund5 ds fd fvryjs Tanwtde assets 1.1131135 IP33.141 Cash atbank 3N35 153A35 189.743 Afflourts lallin8due Ymthin oneyear 14 1141221 (89.638) {103.760) 17.6681 139313 (89.638) 49.675 182.075 140219 941597 I1816 181075 Amourts fallir6the aftÈrnx>rethan one {X6747) {&16,747) 140219 276.069 182,075 FUND5 UnreAfKted frjnds Re5trKted lunds 17 140.219 135.850 181075 ToTFUNDS 276.f 182.075 The financial statements were apwo¥ed by the &>ard of TnAtees WthOri for Issue on ..A:._..aMknY... Zoi¥....... and were s%ned ¢)n its behawbr. A B Wilkin50n- Trustee The notes fomi 9¥ttheSe financial ststem
Coafville Town Youth Foothal (b Ltd forthe Year Ended 31 O£tobtt 2024 31.10.24 31.10.23 Notes Cash flows from operating arti¥it*s Cash generated from operations 995,030 63,099 Net cash provided by opetating artivities 995.030 63.099 Cash flows from investing aLti¥itles Purchase of tangible fixed assets Intest received 11.033.141) 1,803 934 Net cash (used inllpr¢Jvided by investin8 artiwties 11,031,338) 934 Change in cash and cash equivalents In the reportlng period Cash and cash eguivalents at the beginning ol the reporting pefiod 136.308) 64,033 189.743 125.710 Cash and cash equNalents at the end ol the reporting period 153.435 189.743 The notes form part ofthese finanual statements Page 11
CoahilleTovm Youth Fooiban Oub Ltd Note5 to the Cash Flow Ststement for the Year Ended 31 Ortober 2014 RECONauATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcnviTIES 31.10.24 31.10.23 Net Income for the Teportin8 period las perthe Statement of Financial Activittesl Adjustments for: Interest received Increase in creditors 93,994 57.165 11.8031 902.839 19341 6,868 Net tssh provided by operntions 995.030 63.099 ANALY515 OF CHANGES IN Ngf FUNDS At 1.11.23 Cash flow At 31.10.24 Net (ash Cash at bank 189.743 136,3081 153,435 189,743 136,3081 153,435 Totsl 189.743 136.3081 153,435 The notes form part ofthese financial Statements Page 12
CoalvilleTown Youth Football aub Ltd Notes to the [la1 SLitemÈnts for the Year Ended 31 Ortober 2024 ACCOUNnNG pouaES Basis Df preparing the financial statements The financial statements of the charitable company, which is a public benefft entity under FRS 102, have been prepad in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charikn.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the compan Act 2006. The financial ststements have been prepared under the historical cost convention. Coalville Town Youth Football aub Ltd is a Charitable company incorporated in England & Wales and limited by GuarantÈe. In the event of being wound up, the liability in respett of guarantees is limited to £1 per each of the 4 Trustees. The registered office is given in the Trnstees Report on pages l and 2 of these financial statements. The nature of the charity's operations and principal activities are also induded within the Trustees Report. The financial statements are presented in 5teding which is the fvn¢tional CUrn¢¥ of the chatiry. Monetary amounts in these financial statements are rounded to the nearest £. Income All income is re¢ognised in the Statement of Financial Activities On the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Gifts in kind have been included at market value of gifts receNed and in assets acquired. No amounts are included in the financial statements for services donated by volunteers. Expendlture Liabilities a recognised as expenditure as soon as there is a legal or constructTve obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will . be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directty attributed to particular headings they have been allocated to actiwties on a basis consistent with the use of resource5.Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infomiation in the support of the charitable activities. Tar*ible fixed assets Individual fixeil assets are capitalised at cosL Depreciation is prowded on all tangible fixed assets. at rates calculated to write off the depreciated replacement cost of each asset to its eKperte(I residual value eventy over its expected useful life as follows- Plant and Mathinery - Computer Equipment - over 10 years - 25% reducing balance Taxatlon The charity is exempt from tax on income and gains falling wthin section 505 of the Taxes act 1988 or section 252 of the Taxation of Charitable Gain5 act 1992 to the extent that these are applied to its charitable objects. Page 13 continued...
Coal¥illeTown Youth Foothall aub Itd N¢)tes to the Flnandal St*ements. continwl for the Year Ended 31 Ortober 2024 ACCOUNTING POLICIES- ¢mtinued Fund accounting Unrestricted funds can be use(1 in accordance with the charitable objectives at the dixretion of the trustees.Designated funds are Un$trted funds eamafked by the trustees for particular purposes. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrirtions arise when specified by the donor or when funds are raised for particular restrirted purposes. Further explanation of the nature and purpose of eath fund is included in the note5 to the financial statements. Trade and other debtors are re¢oBnised at the settlement amount due after any trade discounts offered. Prepayments are valued at the arn¢t prepaid net of any discounts due. Grants Any grants received towards the Cost of the new 3G pitch are to be deferred and released to the profit and 1055 account over the estimated useful life of the pitch of ten years in line with the company'5 depreciation policy. 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. Creditor5 and provisions CdItorS and provisions are recognised where the charity has a present obliEation 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 setuement arUnt after allowing for any trade discounts due. Hnancial Snstruments The charity has financial assets and financial liabilities of a kind that qualify a5 basic financial instruments. Basic financial instruments a inttialty recognised at transaction value and subsequently measured at their settlement value. Dere¢o8nltlon Of financial liabilities Financial liabilities are dere¢ognised when the charity's contractual obligations explre or are discharged or cancelled. Going <oncem At the time of approving the account5. the trustees have a reasonable expectstion that the charity has adequate SourCeS to continue in operational existence for the foreseeable future. Thu5 the Trustees contirbue to adopt the going concern basis of accounting in preparing the accounts. Page 14 continued...
Coafville Town Youth Football cl Ltd Notes to the Financial Statern. continued for the Year Ended 31 Ortober 2024 CRmcALAccouKnNG JUDGEMEP4TS AND I(EY SOUR OF ESTIMATION UNCERTAINTY In the application of the charity'5 accounting policies, the trustees are quired to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other wuyS.The estimated and associated assumptions are basetl on historical experience and other factors that are considered to be levant. Artual results may differ from these estimates. DONATIONSAND LEGACIES 31.10.24 31.10.23 Donations & Fundraising 9,709 2,381 INVESTMENT INCOME 31.10.24 31.10.23 Deposit account interest 1,803 934 INCOME FROM CHARITABIE ACTivmES 31.10.24 31.10.23 Artivity Subs Received Charitable artivities Donations & Sponsorships Charitable activities Fines Charitable activities Grants Charitable activities 202,632 204,573 58,286 3,333 7.952 11,740 313.812 274,144 Grants received, included in the above. are as follows= 31.10.24 31.10.23 NWLDC FIFlow Advanced Football A5%xiation Fields Association Football League No Room for Racism 2.235 3,501 3,333 299 3.0 820 Sported Foundation 11.740 7.952 Page 15 continued...
Coal¥ille Town Youth Football Ltd Notes to the Hnancial Ststements. contlnued for the Year Ended 31 Ortober 2024 RAISING FUNDS Raising donati¢)ns and k8a¢tes 31.10.24 31.10.23 Fundraising 1,765 3.855 CHARITABLE AcfiviTIES COSTS Supporl C05t5 (see note 81 Direct Costs Totals Charitable activities 222,112 8.628 230,740 SUPPORT cosrs Govemance costs Finance Totals Charitable actiwties 203 8.425 8,628 NEf INCOMVIEXPENDITURE) Net income/lexpenditurel is stated after thargindlCdItin8l- 31.10.24 31.10.23 Auditors. remuneration 10. TRUSTEES. REMUNERAnON AND BENEFITS There were no trustee5' rewnuneration or other beneffts tor the year ended 31 October 2024 nor for the year ended 31 October 2023. Trustees. expenses There We no trustees, expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023. Page 16 continued..-
COalI1e Town Youth FIM>thall aub Ltd Notes to the finandal Statements- contlnued fortheyear Ended 31 Octobff 2024 11. STAFF COSTS Staff costs were £1.330 forthe year ending 31st October 202412023= nill. The average number of employees was nil forthe year ending 31 October 202412023: nill. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unrestricted Restricted funds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2,381 2,381 Charitable acti¥itie5 Charitable aCtItieS 272.824 1,320 274.144 Investment income Other income 934 3.155 934 3,155 Total 279,294 1,320 280.614 EXPENDITURE ON Raising funds 3.855 3,855 Charlt•ble activities Charitable activities 218.274 1,320 219,594 Total 222,129 1,320 223.449 NEf INCOME 57.165 57.165 RECONOUATION OF FUND5 Total funds brought fOard 124,910 124.910 TOTAL FUNDS CARRIED FORWARD 182,075 182.075 Page 17 continued...
Coalville Town Youth Foothall Oub Ltd Notes to the financ•al Ststemerts- continued for the Year Ended 31 Ortober 2024 13. TANGIBLE HXEDASSErs Plant and mathinery Computer equipment Totals COST Additions 1.032,235 1.033.141 NEf BOOK VALUE At 31 October 2024 1.032,235 1.033,141 At 31 October 2023 14. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.10.24 31.10.23 Trade creditors Social security and other taxes Accruals and deferred income 98.804 7,667 103.7fKI 7.668 Accruals and deferred income due within one year indudes grants of £92,804 that are deferred at 31.10.24 and are to be released to the profit and loss accourt within one year to be offset against the corresponding costs they relate to. 15. CREDITORS: AMOUNTS FAWNG DUE AFTER MORE THAN ONE YEAR 31.10.24 31.10.23 Accruals and deferfed income 806,747 Accruals and deferred income due in more than one year indudes grants of £806,747 that are deferred at 31.10.24 and Jre to be released to the profit and loss account over time to be offset against the corresponding costs (depreciation on the 3G football pitch) that they relate to. Of this £806.747, £448,192 is due in more than five years. Page 18 continued.
Coal¥ille Town Youth Foottjall aub Ltd Notss to the Flnancial Statemerrts- contlnued for the Year Ended 31 October Z024 16. LEASING AGREEMENTS Minimum lease payments under non<ancellable operating aSeS fall due as follows= 31.10.24 31.10.23 Within one year 8etween one and five years In more than five year5 19.CO) 24.¢MI 17. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 1.11.23 At 31.10.24 Unrestrirted funds Gertèral reserves 182.075 93.994 1135.8501 140,219 Restrirted fund5 Restricted 135.850 135,850 TOTAL FUNDS 182,075 93.994 276.069 Net movement in funds. induded in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrfcted funds General reserves 318.260 1224,2661 93,994 Re5trkted fund5 Restrirted 8.239 18.2391 TOTAL FUNDS 326.499 1232.5051 93.994 Page 19 continued...
Coalvllle Town Y(Mrth Football Cltsb Ltd Notes to the Flnancial Statements- contlnued forthe Year ErKled 31 Ortober 2024 17. MOVEMENT IN FUNOS- contlNed ComparatNes for mo¥ement In funds Net movement in fund5 At 1.11.22 At 31.10.23 Urnrestricted funds General reserves 124,910 57.165 182.075 TOTAL FUNDS 124,910 57,165 182,075 Comparative net movement in funds. induded in the above are as follows: Incoming resources Resources expended Movement in funds UnreslriLW funds General reserves 279.294 1222.1291 57.165 Restricted funds Restricted 1.320 11.3201 TOTAL FUNDS 280,614 1223,4491 57,165 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds Transfers between funds At 1.11.22 At 31.10.24 Unreslricted funds General reseNes 124.910 151.159 1135.8501 140,219 Restrlrted funds Restricted 135.850 135,850 TOTAL FUNDS 124.910 151.159 276,069 Page 20 continued...
Coalville Town Youth Foothall aub Ltd Notesto the Financial Statements. continued for the Year Ernled 31 Ortober 2024 17. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows= Incoming restsurcès Resour5 expended Movement in funds Unrestrirted fvnds General reserves 597.554 1446,395) 151.159 Restrlrted fvnds Restricted 9.559 19,559} TOTAL FUNDS 607,113 145S,9541 151.159 Transfers between funds The transfer of £135.850 between unrestricted and restrirted funds relates to the excess of the cost of the 3G pitch included as a fixed a55et shown a5 restricted over the deferred incorne obtained to fund that expenditure. also shown as restrirted. RELATED PARTY OISCLOSURES A director of Coalwlle Town Youth Football Club is also a director of Coafville Town Football Club {Company Registration Number 091237811. The youth club u5e5 the Coalville Town Football Club's clubhouse and football pitches at Owen Street. They have never asked for payment for their use beyond replacing consumables such as toilet paper or deaning products. No such payments were rnade for the year ending 31 October 2024. Page 21
CoahilleTown Youth Footban aub Ltd Detailed Statement of financial Acti¥itses for the Year Ended 31 October 2024 31.10.24 31.10.23 INCOME AND ENDOWMEP4TS Oonations and legacies Donation5 & Fundraising 9.709 2,381 Investment Income Deposit account interest 1.803 934 Charllable artlvilles Subs Received Donations & Sponsorships Fines Grants 202,632 99,440 204,573 58,286 3.333 7.952 11.740 313.812 274.144 Other inumne Sundry incomè 1,175 3,155 Total incomin8 wesour$ 326,499 280,614 EXPENDITURE Raising donations and legacies Fundraising 1,765 3.855 Charitsble a¢thitles Wages Insurance Telephone Postage and stationery Sundries Training Equipment & Trophies Pitch Hire Fees & Fines Referee Fees Ktts Coaching Training Courses Club Costs Carried forward 1.330 2,137 40 779 17.513 23,427 59,766 18.474 19,049 38,844 17.985 5,772 10.423 215,539 3,019 12,295 66,233 15,298 18,664 41,458 20,709 10,598 30.095 218,369 This page does not form part of the ststutory financial statements Page 22
Coal¥illeTovm Youth Football Club Ltd Detalled Statement of Finandal Acti¥hte5 for the Year Ended 31 Ortober 2024 31.10.24 31.10.23 Charitable activitie5 Brought forward Repairs & Renewals 215,539 6.573 218.369 222.112 218.369 support Costs Finance 8ank charges 203 Governance fosts Auditors, remuneration Accountancy fees Legal fees 1.225 2,425 8.425 1.225 Total resourte5 expended 232.505 223.449 Net intome 93,994 57,165 This page does not form part of the statutory financial statements Page 23