Lydney Town AFC Youth Trustees’ Report and Financial Statements For the year ended 31 March 2025
Charity Information
Registered charity number: 1057559 Legal form: Charitable Incorporated Organisation (Foundation) Governing document registered: 25 March 2022 Registered office: The Dean Academy, Church Road, Lydney, Gloucestershire, GL15 5DZ
Trustees’ Annual Report
The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2025, prepared in accordance with the Charities Act 2011 and the Charities SORP (FRS 102).
Public Benefit Statement
The trustees confirm that they have complied with their duty to have due regard to the Charity Commission’s guidance on public benefit. The charity provides opportunities for participation in football and related recreational activities for young people under the age of 18 in Lydney and the surrounding area, improving health, wellbeing, discipline, and social inclusion.
Activities and Achievements
During the year the charity continued to operate youth football teams, provide coaching, match facilities, equipment, and safe recreational environments. Participation levels remained strong and the charity supported children from a wide range of backgrounds.
Financial Review
Total income for the year was £50,683 (2024: £45,203) with expenditure of £44,392 (2024: £42,603). The charity recorded a surplus of £6,291. Unrestricted reserves at year end were £21,295. The trustees consider the financial position to be stable.
Reserves Policy
The trustees aim to maintain unrestricted reserves equivalent to approximately three to six months of operating costs to ensure continuity of activities and meet unforeseen expenditure.
Statement of Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards, including FRS 102 and the Charities SORP.
Independent Examiner’s Report
I report on the accounts of Lydney Town AFC Youth for the year ended 31 March 2025. My examination was carried out under section 145 of the Charities Act 2011 and in accordance with the Charity Commission’s directions. No matters have come to my attention to suggest that the accounts do not comply with the Act or applicable accounting requirements.
Approval
The financial statements were approved by the trustees and signed on their behalf. Signed: ____ Date: ______ Name: Jamie Cooke, Trustee