# **REPORTS AND FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1196507** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Pages 4 to 13|Trustees' Report| |Page 14|Statement of Financial Activities| |Page 15|Balance Sheet| |Pages 16 to 22|Notes to the Financial Statements| |Page 23|Independent Examiner's Report| ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** **CHARITY NUMBER** 1196507 **DATE OF REGISTRATION** 10th November 2021 **START OF FINANCIAL PERIOD** 10th November 2021 **END OF FINANCIAL PERIOD** 31st July 2022 **TRUSTEES AT 31ST JULY 2022** Claudio Solari Patrick Rooney Tony Smith **LEGAL STATUS** Charitable Incorporated Organisation ## **GOVERNING INSTRUMENT** CIO - Foundation Registered 10th November 2021 ## **OBJECTS** The promotion of community participation in healthy recreation for the benefit of children and young people aged 6 to 18 in the City of London and the London Boroughs of Barnet, Brent, Camden, Hackney, Haringey and Islington by the provision of facilities for the playing of Football and other sports capable of promoting physical health and fitness (for the purpose of this clause "facilities" means Land, Building, Equipment, access to Coaching and Organising Sporting Activities). ## **CORRESPONDENCE ADDRESS** Sprots Ground Hurst Avenue Whitecrofts London N6 5XT ## **PRIMARY BANKERS** Starling Bank Limited 5th Floor London Fruit & Wool Exchange 1 Duval Square London E1 6PW ## **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 Aloysius Football Club Commitment To sAPF￿ May 2021 Aims, Ambitions & Benefits of ￿¢V$lu$ FC To re-stabli5h links with St AloysIu￿ College and to offer opportunity for both boys and gills to play for newly formed AFC and to establish a link and pathway from School to youth teams to Old Boy5 and to VETS. AFC will seek io gain FA Standard Charter status as soon as p055ible. This include5 the development of a robust Safeguarding policy. To start with 3 to 4 teams in Season 2021122, with a Boal to grow to ten teams by commencement of season 2022123. We plan to have at least one team in every year from 8 years old to 18 years old. To provide excellent coaching to all players at all levels. To provide a friendly club where players, coaches and parent5 all contribute and where values reflect those of the parent institution. St Aloysiu¥ College. To Improve the quality and performance of the club to achieve continuous Improvement not only for the First Team but all teams within the club. To assist in the development of the facilitie5 le.g.. Changing Rooms) to continually improve the offerin8 lo the School, the club, and the community. To explore the development of an St Aloysius, College Dlploma In Sport Programme that would offer Further Education to 16-19-year.olds through coaching and management educational courses. IN8 Part of the UK Government's initiative to improve access to further pd¢Jratinn fnr 1 fi-1 Aypar nlds Spp hlt www.Ist4s ort ualilicètions.com ntre infofmation centrelnfo our ualificationbin 15t45 rt-level-3-di ma-in-s ort-and- h sical-activitie To maximise revenues from Grants from funding bodies such as the Football Foundation, Sport England, Islington Council and more to reduce the financial burden on St AIoysiLtS' College and School Trustees. Commltments frorn AFC To obtain and moximise Football Foundation Brants for pitch barriers, lighting and addltlonal goals and other equipmentlupgrades available-This will be supported with AFC part funiling to ensure viability of facility. Creation of a Café- to provide refreshments to additional userslvi51tors. Localised pitch ￿pair and maintenance durin8 season in conjunction with Trustees & OA. to utilise grass pitch maintenance fund. Offer management duties on hi8h aclivity days for AFC, we arbticipate this to be each Sunday. AFC Tenancy Proposal AFC to become a Significant Tenant for the entire facility working alongslde the exlsting OA'S managernent and the Trustees and acknowledging the existing formal and informal Current arrangements.. I. St AIoy5ius' ColSeBe- Mon- Fri tem) time use until S pm 2. St Aloysius, College- Saturday am v5e of Pitch No. l or 2 3. Cricket club use through the months of June- August 2021 4. Hurling club use Itimeldays to be clarified) 5. LB Islington use Itimeldays to be clarified) 6. Third party team such as Highgate Albion & Women's team OAFCIVErs As OAS ourselves we will work tlosely with current OA'S committee and bar management to ensu the maximum potential is made of the facility that prioritises use for all teams under the Aloysius badge, we believe we can assist with the continuous improvement of OA'5 teams and bring additional resovrces to the club. Pitch Condition & Maintenance Pitch condition and maintenance will be always of paramount importance and the ultimate sanction to proceed to play during bad weather will rest with khool Playing Fields Trustees Representative- Mr Tony Besagni We fully tommit to working tlosely with Tony Besagni and anticipate the need for localised pitch repair5 and maintenance outside of the regular malntenance contract operated by School Trustees. We are currently assistinB in obtaining Football Foundation funding forThe Grass Pitch Maintenance fund that will offer substantial Brants for each pitch over a 6-year term. This grant application is now being considered by The Football Foundation and can provide as muth as £ll,OCQ per annum of pitch repair funding on behalf of The Trustees of the playing fields. Aloysius FC Performance Review Year l Targets Re-establish links with St Aloysius. College AFC made an early approach to Ms Paula Whyte- Headteacher and Stewart Henderson Head of PE. We were invited to give presentations to all Year Groups 7,8,9,10, 12 & 13 on 30 June 2021. AFC provided Free Futsal coaching after school club on Monday afternoons at School Hall AFC established U13 and U15 sides that contained 27 players from St Aloysius, College 71% of squad depth. AFC financially supported 67% of the St Aloysius, player5 With 50% reduced fees and In some Instances Pree football. AFC will seek to gain FA Charter Standard as soon as posslble. AFC achieved ENGLAND FOOTBALL ACCREDITATION February 2022 AFC TO FORM 3 TO 4 TEAMS IN SEASON 2021-22 AFC formed teams at U7-U15, senior Mid Week team & Senior Sunday side, recruiting approximately 140-150 players through the age groups. To explore the development of an St Aloysius, College Diploma In Sport Programme AFC researched and prepared a draft proposal for St Aloysius college, to consider, it was ultimately decided that September 2023 is a realistic target to work towards. To maxlmlse revenues from Grants from funding bodies such as the Football Foundatlon, Sport England & LB Islington. AFC achieved approval from Charity Commission November 2021 which enables significant funding opportunities to be further explored for season 2022-23 As OAS ourselves we will work closely with current OA'S committee and bar management AFC established a good working relationship with our colleagues that run OA'S and the Clubhouse facilities, AFC have full use of the kitchen (AFC Café) during all of our weekcnd sessions. Pitch condition and maintenance will be always of paramount importance, we are currently assisting in obtaining Football Foundation funding for The Grass Pitch Maintenance fund that will offer substantial grants for each pitch over a 6-year term. AFC applied for and were granted Grass Pitch Maintenance fund of £11,000 on behalf of SAPFCr. Aloysius Football Club Invitation to RegisterlRenew Membership for kason 2022-23 Age Group". Ul& Squad Size 20 Players Year Groups: 10111 League Entry & AFC Pathwav We have entered a U16 Team into the Watford Friendly League,. this will involve travelling to away games most of which are within the TfL tubelbus network. Players must be willing to travel and make necessary arrangements as a group or individually. AFC will assist whenever possible, but this should not be relied upon. All home fixture5 ond training will be at Hurst Avenue N6 5XT We have now established AFC Football Pathway- See Attached Chart U16 Players Sf selected can train with Senior squad of players to fvrther enhance ability and experience You co¢Jld be open for selection for squads of the following teams Islington mid.week League. played at Market Road Middlesex County League- Saturday pm Kick off. we are targeting entry into Premier Divlslon by 5ea50n 2023.24 this is Step 7/Level 11 of National League System INLSI AFC Senior Sunday side, playing in Edmonton & District Lei8ue Old Aloyslans- Old 8oys league and LOBIAFA Cup entry Plenty of scope and opportunity.... Re8lstratlon Membershlp Includes Player Registration onto Whole Game System and WFL Mid-week Tralning Sessloris 1.50 Hours twice per week- IU16 Squad and Senior Teams) AFC Home Kit Sunday match day in WFL & Cup Competitionl51 Selection in any other Squad listed above (subject to League Registration criterlal Winter tralning on Artificial 8rass surface Season Membershlp Fee Full Fee- September to April 8 months @ £50.CrfJ per month FSM Discount Fee- £25 per month Sibling Discount Fee- £40 per month lany age group I Sibling gets 20% discount) Special Circumstances.. We will consider special circumstances on an individual application basis,. this can result in FREE membership Whe￿ applicable IEmail.. uiries alo siusfc.com for further details) Registration Process Complete Registration Form- via QR Code Applications will be reviewed. priority given to Existing Members Upon acceptance players will need to provide a passport quality photo and make FIRST monthly payment from accepted catègory Applications need to be submitted by Friday 8 Juty SCHOLARSHIPICOLLEGE PROGRAMME AFC are in the process of setting up our scholarship/Lollege Programme this will be available from September 2023 for Year Group 12 & 13 for players that have played one season for AFC and are committed to Higher Education mixed with sports. your registration with AFC for season 2022-23 8uarantee5 you will be able to make an application for Fully Funded place. We are looking to enter discussions wilh Zero Gravity a Provider of Mentoring seNices to enhance chances of entry into top Universities across UK. SCAN QR CODE FOR MEMBERSHIP FORM ALOYSIUS FOOTBALL CLUB PLAYER PAI HWAY ddlesex Coun turd#y Ltas Team eague Swa¢J nday Leag 2Th&5th Teal FC D•v•lopffl uad Ul6- AFciiÉ-Ut Aloysius Football Club Player Pathway Aloysius FC Financials Summary 04 September to 31 March- Season I Income £43,856 £43.610 £246 Costs Surplus Creditors £1,253 Annual Income 01 July 2021- 30 June 2022 Income £53,377 £51.761 £1,616 Costs Surplus Projerted Income/Costs July 2022- June 2023 Football Costs (Venue & coaching) Other costs inc Funding contrlbutlon Football Fc¢ Income AFC Café- Surplus Team Sponsors Anticipated Shortfall £64,000 £11,000 £40,000 £5,000 £5,000 £25,000 AFC antlcipate a shortfall in income against costs for the following reasons: Quality of the Coaching and team programme offered Venue costs- AFC take a significant share of pitch time to allow Club growth and capacity. Discount and speclal consideration offer to players from deprlved backgrounds- we aim to achieve a No financial Barriers approach to player involvement in Aloysius FC. To attract the players for U16. Development Squad & Elite squad we believe these will need to be heavily subsidised If we are unable to bridge the income shortfall by way of Seed Funding or Angel investor, we will need to reduce our ability to offer free or heavilv subsidised football to teams identified. ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **TRUSTEES' REPORT (Continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **Trustees' Responsibilities** The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to: - Select suitable accounting policies and apply them consistently - Make judgements and estimates that are reasonable and prudent - Prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## 26 MAY 2023 Approved by the Trustees on …………………………………………………………………………………………………………………… Signed on their behalf by Trustee ………………………………………………………………………………………………………………P J Rooney Printed Name: ## PATRICK J ROONEY 13 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE FIRST PERIOD ENDED 31ST JULY 2022** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Charitable Activities
**3a**
Activities for Generating Funds
**3b**
Investment Income
**3c**
Other Incoming Resources
**3d**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
Transfer of Funds
**18**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
24,043
-
24,043
7,431
-
7,431
-
-
-
1,584
-
1,584
**33,057**
**-**
**33,057**
30,593
-
30,593
765
-
765
**31,358**
**-**
**31,358**
**1,699**
**-**
**1,699**
-
-
-
2,407
-
2,407
**4,107**
**-**
**4,107**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 17 to 22 form part of these financial statements. 14 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **BALANCE SHEET AS AT 31ST JULY 2022** |**Note**
**Fixed Assets**
Tangible Assets
**2**
Investments
**6**
**Total Fixed Assets**
**Current Assets**
Debtors & Prepayments
**8**
Cash at Bank and in Hand
**7**
**Total Current Assets**
**9**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**10**
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**5**
**Total Funds**
**Creditors:**Amounts falling due in more than one year
**Creditors:**Amounts falling due within one year|Unrestricted
Restricted
**Total**
Funds
Funds
**31-Jul-22**
£
£
**£**
-
-
-
-
-
-
**-**
**-**
**-**
-
-
-
4,707
-
4,707
**4,707**
**-**
**4,707**
600
-
600
4,107
-
4,107
**4,107**
**-**
**4,107**
-
-
-
**4,107**
**-**
**4,107**
4,107
-
4,107
-
-
-
**4,107**
**-**
**4,107**| |---|---| ## 26 MAY 2023 Approved by the Trustees on …………………………………………………………………………………………………………………… P J Rooney Signed on their behalf by Trustee ……………………………………………………………………………………………………………… Printed Name: PATRICK J ROONEY 15 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services have been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. Perishable and non perishable food items donated to the Charity for onward distribution to beneficiaries are not valued in the Statement of Financial Activity. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 16 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings and Equipment 25% - Reducing Balance Basis ## **2. TANGIBLE FIXED ASSETS** The CIO held no fixed assets during this initial financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st July 2022 : None 17 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **3. INCOMING RESOURCES** |**Note**
**a) Charitable Activities**
Player Fees
**b) Activities for Generating Funds**
Café Income
Pitch Hire
**c) Investment Income**
Interest
**d) Other Incoming Resources**
Sundry Income|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
24,043
-
24,043
**24,043**
**-**
**24,043**
6,811
-
6,811
620
-
620
**7,431**
**-**
**7,431**
-
-
-
**-**
**-**
**-**
1,584
-
1,584
**1,584**
**-**
**1,584**| |---|---| 18 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **4. RESOURCES EXPENDED** |**Note**
**a) Cost of Charitable Activities**
Administrative Expenses
Catering Costs
Coaching Costs
Equipment Costs
Kit Costs
League Registration Fees
Pitch & Pavilion Hire
Sundry Expenses
Travel & Subsistence
Trophy Costs
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
Funds
Funds
**2021/22**
£
£
£
1,066
-
1,066
1,891
-
1,891
13,165
-
13,165
430
-
430
1,468
-
1,468
512
-
512
11,425
-
11,425
366
-
366
35
-
35
235
-
235
**30,593**
**-**
**30,593**
600
-
600
165
-
165
**765**
**-**
**765**| |---|---| 19 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **5. RESTRICTED FUNDS** The CIO held no Restricted Funds during this initial financial period. ## **6. INVESTMENTS** The CIO held no fixed assets investments during this initial financial period. ## **7. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors
**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Independent Examiners Fees|Unrestricted
Restricted
**Total**
Fund
Fund
**31-Jul-22**
£
£
**£**
4,707
-
4,707
**4,707**
**-**
**4,707**
Unrestricted
Restricted
**Total**
Fund
Fund
**31-Jul-22**
£
£
**£**
-
-
-
**-**
**-**
**-**
Unrestricted
Restricted
**Total**
Fund
Fund
**31-Jul-22**
£
£
**£**
600
-
600
**600**
**-**
**600**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this initial financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
Funds
Funds
**31-Jul-22**
£
£
£
-
-
-
4,107
-
4,107
-
-
-
**4,107**
**-**
**4,107**| |---|---| 20 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **12. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this initial financial period. ## **13. TRUSTEES AND OTHER RELATED PARTIES** The only payments made to the Trustees consisted of reimbursements of expenses incurred in furthering the Charity's objects and no direct benefits were received by the Trustees during the financial period. No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. ## **17. COMPARATIVE FIGURES** There are no comparative figures available as this is the initial period of registered Incorporated Charitable Activity. 21 ## **ALOYSIUS FOOTBALL CLUB** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE FIRST PERIOD ENDED 31ST JULY 2022** ## **18. TRANSFER OF FUNDS** During the financial period the Trustees of Aloysius Football Club sought guidance and advice and have agreed to register the new Charitable Incorporated Organisation, Aloysius Football Club (Registered Charity Number 1196507). All Assets and liabilities were transferred to Aloysius Football Club (Registered Charity Number 1196507) during the financial period ended 31st July 2022. The following assets and liabilities represent the CIO's operations prior to registering the Charitable Incorporated Organisation with the Charity Commission and the assets and liabilities transferred during the period ended 31st July 2022 are as follows: |**Fixed Assets**
Tangible Assets
**Current Assets**
Debtors & Prepayments
Cash at Bank and in Hand
**Total Current Assets**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**Total Funds Transferred**
**Creditors:**amounts falling due within one year|Unrestricted
Restricted
**Total**
Funds
Funds
**10-Nov-21**
£
£
**£**
-
-
-
-
-
-
2,407
-
2,407
**2,407**
**-**
**2,407**
-
-
-
2,407
-
2,407
**2,407**
**-**
**2,407**
**2,407**
**-**
**2,407**
2,407
-
2,407
-
-
-
**2,407**
**-**
**2,407**| |---|---| 22 ALOY31US FOOTBALL CLUB (Charit0￿ IIKutwiatW Org3nisaiwl INDEPENDEMT EXAMINER'S REPORT ON THE ACCOUNTS pa986 f5 10 22. R••pdeii¥• r•Wn￿WIll••¥Oltr￿I#ts •nd •xamln•r Tt# Llwiily% uuhl8e5 afA ros￿￿ knr ip• ¥£wrtÉ. Tho tharilrfg trL￿te•S ¢￿s*Jer thal an r r*quirod for this yrthr seckn 144 of the 201 I lthp cfwths Acti ittal ifrtJcF¢ndoM exarninokn r 11 1$ my t 145I.Sllbl of1￿ c￿rI￿5 kt. and ty BxaMin8￿ffj t￿1 In x£c¢dart6 wilh C*rLticM Chwty Cthrnmhthn. kn oxamin Inthd•s • r•vwi ol thE ac¢DJnliry recordp kept ty tho cw of tho 4cx*Jnts pr050Thtod ordi. It Ako inclLv1•B ¢¢)nsKJ•raiw ol ¥tyy unu¢y¥ w$ or ¢*%c¥JEw•K in tho *Ec￿tr. antr 6••kry •xWaDat￿n1 Irom lh• trust￿9 concerning such mHtt•r%. Thp LH¥Jertkn th fwjt al tho eYKJert8 WO￿ ￿ t8oured In an authl and ￿na•￿thIty w LVf•X il as to •c¢ouniJ and fllw. Ythv4nd rqwl IS LYnrt•d Ioihw matters Xt oul 5ta¢emeni belw. In¥•p•n¢l•nt •x*mlMrf• •thtwn•nt In Gonnectstrn my •Aa￿￿1￿)n. t￿l01[ty ei¥es mtr ¢￿Se to tiel*ve mat In •nymaten•lftSP•CLfvrewt¢w*nts". lo keep 8ttr¥JnliNJ records￿ a¢Cf*oar￿O É•¢1￿ lJ)01th8 Ctyart*5 ACL am cnarit*s AL'L * Ml *Jwn matr. or . MAAT JEUO Lt New Bar lAu￿tsrry L¥ Sussex poie 8TS ?1