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-T￿rtt Staffordshire DE143RD •AEWIPJ5¥ 12107r2025 COMPANIES HOUSE #173 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 A￿litorS 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 COa￿lI1e 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 Repu￿1¢ 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 Co3￿4￿e 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 COa￿lI1e Town y￿th Foothall aub Ltd Report ofthe Trustees for the Ye¥ Ended 31 Ortober 2024 RegiSte￿d 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. RESPONsIBI￿lEs The trustees (who are also the directors of CO3￿111t 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 con￿rn 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 5ip*d on the board's behalf by: A B W*lnsoft-Trustee Pa8e 4 Report ofthe Independent Auditors to the Members of Coalville Trethan one {X6747) {&16,747) 140219 276.069 182,075 FUND5 UnreAfKted frjnds Re5trKted lunds 17 140.219 135.850 181075 ToT￿FUNDS 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¥t￿theSe 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 Inte￿st 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 prepa￿d 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 CUr￿n¢¥ 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￿$t￿rted 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 C￿dItorS 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 ar￿Unt 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 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 aCtI￿tieS 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 fO￿ard 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