RF.GISTFRED CHARITY NU.MBER: 1202180 TRUSI'EES, KLPORT AND FINANCIAL STATEME.NTS FOR THE YEAR ESDED 31 MARCH 2024 FOR FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB Prestons & Jacksons Parthership LLP StstUry Auditors 364- 368 Crdnbrook Road tlford Essex IG2 6HY
FRENFORD YoufH CLUB TIlING AS FRENFORD CLUB CONTENTS OF THE FINANCIAL STA'TEMbNTS FOR THE YEAR ENDED 31 MARCH 2024 P*%e Trustees, Report I to 5 Si#ttment ol Trnsl¢es' Jiespoll$ibillties Report of the IndependeDt Auditors 7 to 9 Sta¢ement of FlnADcIAI Aedvltles io Statemellt of Financial PositioD 11 to 12 S¢a¢ement of C4Jb Flows 13 Notes to the StAtement of Cash Flows 14 Note$ to the Flnanclal Statements 15 to 23 Detilled Statement of Flnlnclal A¢tlvltle8 24 10 25
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th¢ trusl¢¢s pr¢s¢Dt th¢ir rwt with the fuwicial 8tateTneDts of the clwity for the year ended 31 March 2024. The tTUStees have adopfrd th¢ provisiolls of Accounting and Reporting by Charities: Stal¢ment of Recommended Practice applicable to charities preparing their accounts ID accordance with the Financial Reporting Standard applic&ble in the UK and Republic of Irclind (FRS 102) (cffcclivc l January 2019). INCORPORATION The charitable incorporated organisation (CIO) was ittco4)orat¢d on 3rd Marth 2023. All #sscts And liabilitics have becn transferred io the CIO OD Isi Apr 2023. OBJECTIVES AND ACTtVlTIES Objectlves and &lm$ Our objectives are for the purposes of helping and educating boys and gtrls through their leisuTe time activiti&s so io develop their physical. menial and Spirittl capacitics. would ¢nablc thcm lo grow LO full mawrily &% individuals and members of sociely and that their conditions of lif¢ be itnprvv¢d. OUT Club provides a range of services, whicb targets the most vulnerable, disadvants8¢d and disaff¢¢t¢d. W¢ aim to help these youn8 people to 8row. develop and thrive by offerin8 them appropriate suppor opportunities and choices. Out work also encompasses close relationships with I(al AehrM)Is, family groups and community groups. Publlt benefit The Trust¢es ¢ontimi tbat th¢y havc wmplied with the dury ill section 4 of the Charities Act 2011 lo have due regard to public benefit guidance published by the Commi10n in dciermining thc activities undcttsken by the Charity Page
FRENFORJ) YOtrTH CLUB TRADING AS FRENFORJ) CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHTF.VLMENT AND PERFOILlfANCE Charitable activities 2023124 has been another huge year for the club with over 5.31)O youllg people attending across the year for various activitics. The club still operntes and has matnloined operating hours of 9am - 10pm seven days week and offcrs a dropin service for those thai want safe and affordable spaces 18 well as our structured daily activities. Over tbe year we have seen a continu¢d wth in rcm¢ activities in football, cricket and basketball as that has been a particular focus of ours. All of our activities bave been a success. and it seems we bave the right appeal and tempo. but the den]and is forever increasing wbicb puts a further strain on rewurces. A few of ow actsvilies need more investment which in time we are hopeful will comc through ID thc forni of grant5. Our outreach proarnMe in SCh)IS and in pArtiCLllar the after-brh(wl clubs at Loxford Leisure Centre continues th be a huge hit. Loxford is sILuad in the deprived pdrt of Redbridge which lacks positive things for young pcople ¢0 do and has a IBrge percentage of low-income families. Sessions have seen young people from the local community ranging from 12 yearg 10 18 yc4rs of ag¢ with numbers often reaching over 100 on an average evenin& OUT partncrship programs have increased with cross Dorough work in Barking and Dagcnham and a real driv¢ to ti¢ in oational governing bodÉes like the FA. A real cxcitlDg partnership with West Ham h&s s¢¢n a few of our young wple and coaches become pemaneni mwnbers of the playing and ¢oachin8 sthff. Further expansion in partnership work is needed Frenford Jack Carter Cenlre reach¢s capacity lev¢ls. The Jack Carter Centre building i.s now 15 yeaTS old and rcquircs consu1 maintenance. Many areos of the buildin8 have started to require r¢furbishm¢nl which will now be a priority but planning and budgctillg will bc vcry importHnt to cnsure we achieve this goal. The big challenge is mairttsining the programs and fidIng the expansion due to the hi8h demand. It's a credit to the staff and volunteers who hav¢ m8d¢ the club a Comfort for all that attend. Thc vibrant family feel makes the club function smoothly however, we musi be on guard to ¢nsur¢ we continue to dcv#lop ourselves and adapt to the ever<han8tn8 exi¢rnal Clima. The Truslccs havc reviewed previous years accounts and hav¢ ¢on¢lud¢d that the tootbau pitch built in 2020 hay been under d¢pre¢iatrd over the past 5 years and therefore will reflect the acttl value in tbe 2023124 accounts. Page 2
FRELYFORD YOU'I"H CLUB TRADIIYG AS FREI¥FORD CLUB TRUSTEES. RFPORT FOR THE YEAR EDED 31 MARCH 2024 FINANC REVtEW FIDan¢lal posltio Total incoming resources in the year amounted to £888.076 {2023.. £957.902), a decre&se of £69.826 on the pr¢vious y¢4r. and oul of whi¢h £245.905 {2023: £317.262) wer¢ rtstri¢t¢d. The primary sources of fimditlg for the year were of generous grants rettived from MyLmd0 IndOn Borough of Redbridge. Football Foundati( and others. Toial resources expended were £1,350.826 (2023: £1,042.140) an Incre of £308,686. This included depr¢¢i8tion charged of £445.339 cotywd to pr¢vious y¢ar of £67.385. Th¢ gudd¢n rise wss as a r¢sult of ¢hanBe in depreciation policy based on a review of the life span of the f¢Jotball pitch.. Reserv carried foThJard as at 31st March 2024 were £1.130,415 (2023: £1,593.165) of which £693.742 (2023.. £722,820) were UTITe8tricted and £436,673 (2023.. £870.345) were re8tricled. Unrebtri¢tcd funds furth Qlassified into free $¢TV¢s of £323.742 and d¢sited r¢¥ery¢s of £370,0 while restricted fiJn¢ls into revenue r¢stricted fund of £1.5iKI (2023: Nil) aod ¢apitsl restricted fund of £435.173 {2023.. £870,345). This relates to the I la-side Football Pitcb. Reserve8 poIIcy The Trnslees aim to maintain free reserves in Unrestricted funds 8t a level which equates to approximately twelve months of wr¢stricted expenditure. Thc Trustccs considcr that this Icvcl WFII providc sufficicni funds to covcr unrcstricted Sports and rccr¢4Liot)81 8C¢iviti¢s ¢xp¢nditurc. Support ad 8ov¢rnan¢c costs uoplantt¢d ¢m¢r8¢ncy r¢pairs and DIntenanCe expenditur¢. The tnL8tees have reviewed the depreciation policy of the football piich. Ir was being written off over 20 years. The ttvstees ¢onsid¢r the life span of th¢ pit¢h to be 8 y¢ars. Th¢ In¢S ther¢fore agreed lo wriie orf the pitch over the next two years which will be the end of its life cycle. FtrruRE PLANS The next year will be much of the same but a fc¢us on addin8 more facilities and major renovations to existing are&$ around the buildin8 to ensure high standar¢ls are mainiained Finatkces will present cballenges with cost of IiviT)g being a real hurdle for Tnany families who wani to 8¢nd their children to Ths. We will continue to subsidise these most in need to cnsure thcy do nol miss out bul we will llced support from fund¢rs and dottor8 to finance thi5. STRUCTURL GQVERNANCE AND MANAC.EMEYT Governlng document Frenford Youth Club although originally founded in 1928 is constithted by the Trust Iked dated 2nd September 1975. The charity governing documents is a CIO Foundation model constitution regisiered with the Charity Commission on 3rd March 2023. Thc objectives of which thc charity 15 establishcd for thc public bcncfit arc to hclp and cducatc boys and girls tbrough their leisure time activities and to develop their physical, m¢Dtsl and spiritual eapa¢iti¢s. The policy of the Trnstees cootinues to seek additional finance and support to continue to run the Club. Page 3
FREliFORD YOU'l7t CLUB TRADING AS FRENFORD CI.UB IIiUSTEES' REPORT FOR THE YEAR ENDED 31 .MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMKNT Recruitment and appointment of new trustees The cxistiu¥ trU¥t¢ 2Te Tesponsiblc for the rccrnitment of new trustees. In 8electing new trustees, we seek to identify people who are conllnitted indivithials whose vicws arc aligncd to th¢ clwity's ViSLon in addition to being able io offer relevallt skills and experience. Potential te¢S are invited w 4u¢nd tsustws, meetill to meet the tswt¢¢s and have an infornl interview and are given more details atrK)ut the charitys atms and activities an(L if all agree. they are then proposed as new truste¢5 al thc 8ubs¢qu¢nt trust¢¢$' nK¢ling. This proc&&8 allows thie consideration of the person's eligibility. personal comiKt¢n¢¢. 8p¢¢ialist knowledge and skills. Investment Powers Th¢ Trnst Deed authori.8ed the TnLStees to make and hold investments using the general funds of the Charity. but no such investments are presently held. Rlik man*gement I'hc TteeS have conducted a review of the major risks to which the chariry is exposed. A risk register bas been ¢sL&blish¢d and is updaled at le&st annually. Where appropriate systert8 or procedures have bc¢n estsblished to mitigate the risk, thc charily faccs. In[crn control risks are minimised by the impl¢n)¢nta(ion of procedures for autborisation of all transactions. Proccdurcs are in plaee to en%ure Compliance with healtb and safety of staff, volunteers, clients and visltOTS lo th¢ LhaTiIy'5 pf¢¥DiS¢S. Th¢s¢ ar¢ v¢iling predures &8 required by law for the protection of the children. Theye procedures are periodically Tcvicwcd ¢nsure that thoy continue tn meet the nee& of the cbarity. REFERENCE AND ADMI.NISTRATIVE DEI'AtLS Re%l%tered Charlty number 1202180 PrlnclpAI addrem Jack Caner Centre The Drive Ilford Essex IGI 3PS Page 4
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 Ttee The Trujttts named in the c¢ounts have xrved In the yur. Martin DenTS Solder Dr Waqqas Naqvi George Georghiou David Allen Pike Yasin Ahmed Patel The tnteeS wish to record their appreciation of the eonsiderAble advi¢e and support given to them by Essex Boy5 and Girls Club5. London Gepp & Sons Solicitor& and our aLKlitors PTe5ton5 & Jack50ns Panrterships LLP. Chief Eieeutive ofiicer Irfan Shah (BA Hons) BEM Other Members Daniel Oliver (BA Hons)- Assistant ManagerlS¢nior Youth Leader SadiA Kayani (Sage Cerhfied. yOh Work Level 2)- OfficelFinance Man88er Neal Akhiar (BA Hons)- FuMtr4iserootblll Development Officer Keith Hurst IMBA, Mk)- Senior Youth Leader AppreeltloD The TTUStees would like to take this opportuniry thank lrf•n. Daniel. Neal. Sadia WMI all the stsff for the day io day nnIng of Frenford, the volunteers who we would not survlve without. managernent committee and the amazing funders for 1 the support. We would 1150 like to thank awlitOTS Prestons & Ja¢ksorts Partntrship LLP. Audlto PrestoTr% & J4eksotts PBrtnership LLP Styiulory Audiiors 364- 368 Cranbrook Road Ilford Essex IG2 6HY 30 Approved by order of the board of trustees on ............ lois . and si8ned on its bchalf by: TrStee Page 5
FRLhTrORD YovfH CLUB TRADING AS FRENFORD CLUB STATF,MF,NT OF TRUSTEES, RESPONSIBJLITIES FOR THE YEAR ENDED 31 fvL4RCH 2024 The tS¢S ar¢ r¢spoDsiblc for preparing the Trustees. Report and th¢ financial stsiements in accordance with applicable law dnd Unit¢d Kingdom Accounting S(andards {Unitcd Kingdotn Generally Accepted Accounting Practice) including Financi Reporting Stsndard 102 'Tbe Financial Reporting Standard applicoble in the UK and Republic of Ireland" The Ixw ttpplicable to charities in England and Wales. the Clwitics Act 2011, Charity (Accounts and Re)rts> Regulationy 2008 and the provisions of the trust deed requir¢s th¢ truslees to prepare financial 8tattments for each financial year which giyc a true and fair view of the state of affaiTh uf th¢ ¥hArity and of the incoming resources aud appli¢ation of rwurccs. including the income and expenditure, of the charity for thai period. tn preparing those financial statc7ncnts, the trle are required to select suitable a¢couDting polici and then apply them consislently. observe the methods and principl¢5 ID th¢ Charity SORP. make judgemenis and ¢stimdtes that are reasonable and pnthn¢' state whether applicable accounting standards have bccn followrf subject to 8ny material d¢partUTCS discloscd v4nd explain in the fula1 statements. prepar¢ th¢ fancIal siatcments on the 80in8 concern basis uDJw it is inappropriatc to presume that th¢ harity will continue in businw. The trustees are responsible for keeping propcr accounting rttorlts which disclose with reOnable accuracy ai any time ihe financial position of the charity and to cnablc them to ensure that the financial ststmen cumply with the Charities Act 2011. the Chariry {AcLounts and RcN)rL%) Regulations 2008 and the provisions of the tsus( deed. They are also responsible for saf¢guwding thc a&sels of the Charity and hence for taking reayonable siw for the prevention and deie¢tiort of fraud and oth¢r irrcgulariiies. Page 6
REPORT OF THE INDEPENDENT AUDITORS I'O THE TRUSTEES OF FRENFORD YOUTH CLUB Opinion W¢ have audited the fancIal stalements of Fr¢nford Youth Club {the 'charityJ foT the year ended 31 m¢h 2024 whi¢h ¢OTnprise th¢ Sthtement of FirLancial Activities, the Stat¢m¢nl of Trinyncial Position. the Statement of Cash Flows and no¢cs 10 the financial stst¢m¢nts. including a summary of signifi¢ant accouniin8 policies. The financial reporting frdmcwork that h&% been applied in their pr¢paratiOll 18 applicable law and United Kingdorn AcrouniiDg Stsndards (United Kingdom GenernlSy Accepted Accounting Practice). in¢luding Finan¢ial R¢p)rting Standard 102 The Finall¢ial Reporting Standard applicablc in the UK and Republic of Ireland,. ID our opinion the financial statemcnts: give a true and fair view of the state of th¢ ¢lJBritys aiT&irs as at 31 March 2024 and of its incoming re8ources and application of resources. for the ye8r th¢n ¢llded. havc bccn propuly prepared in accordance with United Kingdom Genernlly A¢¢¢pted Accounting PraLts'¢e, including Financial Rew)rting Standard 102 The Finan¢ial Rewrting Standard applicable in the UK alld Republic uf treland" and have Ixen pr¢par¢d in accordance with the TCqUiTm¢nts of the Charities Act 2011. Basls for oplnlon We condu¢ted Budit in accordancc with Iniernational 8¢andards on Auditing (UK) USAS (UK)) and applicable law. Our responsibiliii¢s under those slandards are fijrther described in the Auditors, responsibilities for the audit of the fjnancial statetDents section of our r¢port. We are independent of the charity in accordance with the ethical requirements that are Televdnt w our audit of th¢ finAncial statements in th¢ UK, inLluding thc FRC s Ethical Standarf and we have fvlfilled our other ethical responsibiliti&s in accordance with thGs¢ r¢quir¢m¢tits. We believe that the audit evidence we have obtained is suffi¢ient and appropriate to provid¢ a basi¥ for our opinion. C'onclu51on5 rel*tlng to %olni coneern In auditing the financial statements. we have collcluded ¢bal the trustees, of the going conc¢rn b&$is of accounting ift the preparntion of the financial sthtcments 18 appropriate. Ba8ed on the work we have p¢rforn]ed, we have not identificd aTJy maicri41 urt¢enainiie8 relating to ¢vents OT condilions that, individually or collectively. tt)ay ¢&st signifiLani doubl on the charitys ability lo ¢ontinue as a goiDg ¢on¢¢rn for a period of at least twelve months from wheti the financi41 stat¢m¢nts are authorised for i¥$ue. Our responsibilities and the rcsponsibilili&s of the truslees with respect to goitig concern are describ¢d in lh¢ relevAni sections of this report. Other Informxtlon Th¢ trustees are responsible for the other information. The other infornll0n comprises the iDformalion included in the Annual R¢port, other than the financial statements and our Repon of the Independent ALLditors thereon. Our opinion on the fmancial statements does not cover tbe other infonnation an(l except to dLe extent otherwise explicitly ststed in our repoii we th) not express any foTm of uran¢¢ ¢onelu$ion thereon. Jn connection with our audit of the fmaDcial staiements. our reSnsIbility is to read th¢ other information and, in doing so, consider whether thc oth¢r infomialion i.$ materially inconsistent with the fin#nLial 5tat¢menls or our knowledge obtained in thc audil or othcrwi8e Appears to be materially misstated. If w¢ identify such tDaterial inconsiencies or appare materlal mI1ements. we are rwuired to detern)ine whethcr this gives rise to a maierial mi5Statcment in thc finAncial sthtements themselves. If, based on the work we havc performe& we con¢lud¢ that there is a material misstatement of this othcT information. we are requir¢d to rwrt that fact. We have nothing to r¢port in this regard. Page 7
REPORT OF THF. INDEPENDENT AUDoRs TO THE TRUSTEES OTr FRLNFORD YoufH CLUB Ma¢t¢rs on whlch we are required lo report by exeeption Wc have nothing to report in respect of the following tnattcr5 whcre the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if. in our opinion: thc informaiion 8iv¢n in the tnteeS Report is inCOll515tcnt in any mat¢rial respect with the finallcial ststements,. or suffi¢ient 8ccouniing r¢¢ords have not been kept. or the fllmnciai statements arc not in aweni with the accountin8 Ttcords and returns" or we have not received all the infornuti¢)n and explanations we Te4uir¢ for our audiL Responsibllitles of trustees As explained more fjjlly in Statement of TruslEcs' Respollsibilities, the trustees are responsible for the preparation of the financial slatetnents which give a m]¢ 8Dd fair view. and for such internal control &s the trusi¢eS d¢t¢rn)ine is necessary to enable the preparntion of fittan¢1 Sments th&t are free from material isststement, whether due lo fraud or error. In preparing the rin¢la1 statements, the tsu81% Are Tesponsible for Lwssing the charitys ability to con¢inue &g a goitig ¢oo¢¢rn, disclosing. as applicablc. mattcrs relxted t(J going concern and using the going Lonccrn basis of accauntin8 unless the trus*es eith¢r iot¢nd to liquida thc charity or cease operations. or havc no T¢alisti¢ altmiaiive but to do so. Our relponslbllltles for the oudlt of the IIDllnclal stgtements We hav¢ b¢¢n appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Acl and rclcvant re8ulations mad¢ or baving effect thereunder. Our objectives are to obtsiti re8soDablc ossurance about whether the fmancial statsments as a whole arc frcc from maierial mi$slat¢tn¢nt. whether due to fraud or ¢rror. And to iqsue a Report of the Independent Auditor that includes out opinion. ReOnable assurance is a high Icvcl of &i%urnnce. bul is not a guarantee that aD udil ¢ondu¢ted in accordance with ISAS (UK) will always deteet a material misststement when it exists. Mis5tst¢mcnts can &ri8e from fraud or error and are CODsideTed rnaleriui if. indyvidually or in the aggregate, they could reasonably be expcctsd to influe1e the economic d1$108 of users tsken on the basis of ihese rinanciai sl#icm¢nts'. The extent to which ow procedures aTe c8p&ble of dct¢¢ting irregularities. InchIng fraud is detailed below: W¢ obtLined an understanding of the legal and regulatory fr¥m¢work applicable ibe entity and how the entity is complying with thai framework by discussing wsth man&gement and chccking Compliance wlth r¢gulMtors. A fiwther description of our re8ponsibilitie$ for the audit of the fllwicial 5tstements is locatcd on the Financi81 Reporting Council's website at wivw.frc.org.uk1auditorsresrtSib1IjtIts. This description fornis part of our Report of the Independent Auditors. Page 8
REPORT OF THE INDEPENDEI%T AUDITORS TO THE TRUSTEES O FRENFORD YoirrH CLUB Use of our report This report is tDade solely to the clwiws tTUStcc4 as a EMXIY? ID accordance with Part 4 of the Charitie5 (Accoullts and Reports) ResulatioDs 28. Our audit work has been undertaken so that we migbt stal¢ to the charity's tnjstees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent M11tted by law, w¢ do not a¢¢ept or assun responsibility to anyone other than thc charity aDd tELe chaTity's trtLeeS as a body. for our audit Wor for this reporL or for th¢ opinions we forn)ed. K)T,< Prestons & Jacksons PartheT5hip LLP Statutory Auditors 364- 368 Cranbrook Road Ilford Esb¢X IG2 6HY Date: 01 Page 9
RLNbY)RD YOUI'H CLUB TRADING AS FRENFORD CLUB STATEMEN'f OTr TriNANCtAL ACI'tVlTtEs FOR THE YEAR ENDED 31 MARCI12024 31.3.24 I'otal funds 31.3.23 Total funds Unrtstricted Restricted fijnds Not¢s INCOME AND ENDOWMENTS FROM Donations and Grants 29J58 245905 275,263 351.752 Charltable #ttlvldes Charilablc ActivitiC8 593,759 593,759 584,105 Investtnent incon Other income 3,489 15,565 3.489 15,565 1,392 20,653 Total 642,171 245,905 888,076 957,902 EX?EDITuRE ON Rui¥inb? funds 44,481 44,481 47,363 ChArit&ble Activities Charitable ALtiviii¢ts CJovernan£e Costs 601,656 25,112 679577 1281233 25.112 914,657 80.120 Total 671249 67977 I J50,826 1,042,140 NET INCOMFJ(EXPENDITURE) (29.078) (433,672) {461750) (84.238) RECONCILIATIOY OF FUNDS Total funds broughi fonvard 722020 870J45 1593,163 1,677.403 TOTAI. FUNDS CARRIF,D FORWARD 093,742 436,673 1,130,415 1.593.165 The notes forn] part of these financial statements Page 10
FRENFORD YoirrH CLUB TRADINC. AS FRENFORD CLUB STATEMENT OF FINANCIAL POSITION 31 MARCH 2024 31J.24 31.3.23 Notcs FIXED ASSETS Tangible &58¢ts 13 626,522 1,071.861 ASSETS Debtors Cash at bank 14 121.711 397A50 166.238 401,114 S19,161 567,352 CREDITORS Amounts falling due within one year 15 (15,268) {41,498) NET CURIIENT ASSETS 503093 525,854 TOTAL ASSETS LESS CURRENT .IABII.ITIFS 1.130.415 1,597,715 CREDITORS Amounts falling due 8fter more than one year 16 (4,550) NLT A&SETS 1.130.415 1,593,165 The notes fornl part of thcsc financial ststaD¢nts Pagell continued...
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB STATEMENT OF FINANCIAL POSITION- eontinlled 31 MARCH 2024 FULYDS Unrestricied funds- General fund Unresiric(ed Designaled Funds 19 323,742 370,000 367243 355,577 693.742 722.820 Restri¢ted fimds: Re5tri¢ted Funds Restricted C&piiai iJoo 435,173 870J45 436,673 870.345 TOTAL FiiNDS 1,130.415 1.593.165 The fi ststement5 were approved by the Board of Trtte$ and authorised for issue on . .%Q.XS......... •nd We si8n¢d on its behalf by: Truste¢ r(lLIn &ldo Trusiee Thc notes fonn part of these financi81 slalements Pagc 12
FRENFORD YOUTH CLUB TRADING AS TrRENFORD CLUB ST ATEMENT OF CASH FLOWS FOR THF. YF.AR ENDED 31 MARCH 2024 31J.24 31.3.23 Notes Cash flows from operating activities Cash generated frorn operations Finance costs paid (829) (6J24) (155,898) (4,631) Net cash used in operating activities (7.153) (160.529) CAsb flows from Investhig actlvltles Int¢r¢st r¢c¢ived 3A159 1,392 Net cash provided by investing aclivities 1489 1,392 Cbnge In and ¢Ash equlvAlents In the reportlng perlod C#5b and ¢¥$h equlvlents al the beglnnlng of the reportlllg perlod (3,664) (159.137) 401,114 560,251 Cxsh and cash equlv4lents al the eDd of the reportlng perlod 397ASO 401,114 The notes forni part of these financial staiemcnts Pag¢ 13
FRENFORD YOUTH CLUB TRADIG AS FRENFORD CLUB NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 IKARCH 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTllq'fiES 31.3.24 31.3.23 Net expendlture for the reportlng perlod (as per tbe StAtement of Flnmnclal Attlvltle5) Adjustments for". D¢preciation charg IMer¢8t received Finance costs DecreAsel{lncre) in debtors (tkcreaseyincr¢8s¢ in ¢r¢ditors (462,750) (84,238) 445J39 (3,489) 6?24 44527 (30,780 67.385 (1.392) 4.631 (152.842) 10.558 et Cash used In operAtlons 1¥29 (155.898) ANALYSIS OF CHANCES IN NET FUNDS At 114123 Cash flow At 3113124 Net eajh Cash at bank and in hand 401,114 {3,664) 397,450 401.114 (3,664) 397,450 Debt Debts falling duc aftcr l year (4,550) 4,550 (4J50) 4,550 TotAI 396564 886 397,450 The notes fo part of these fllwlcial statements Page 14
TrIiLNTrORD YoirrH CLUB TRADING AS FRENFORD CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CCOUNI'ING POI,ICITrS BASIS of prepirlng the finn¢lil ststements The financial statements of the charity. which is a public benefit entity under FRS 102. bave been pr¢par¢d in accordwi with the Chtiritics SORP (FRS 102) 'Accounting at]d Reporting by Charities: Statement of Recommended Practice applicable to charitics preparing their a¢cowits in AccordCe with the Financial Rep)rting Standard appli¢hbl¢ in th¢ UK and Republic of Ireland IFRS 102) (effective l January 2019)., Financial Retrt)rting Standard 102 The Finan¢ia] Reportin¥ Standard applicabl¢ in th¢ UK and Republic of Ireland. and the Charities Act 2011. The fllwLcial slatements h&ve been prcparcd undcr the historical cost convention. GolD% Concern The Board has registered the Club as a CIO (C.hari¢able JncotN)r8ted Org8nisation) with Clyarity Commissiou OD 3rd March 2023. All assets and liabili11 h&v¢ b¢¢n ts3nsf¢rrcd 10 th¢ CIO. For these reasons, the accowiis have been prepared on a going COD¢¢rn basis. Income All income is r¢¢o8nised in the S¢at¢m¢nt of Finaniial ALtivititt unce thc charity has entiilement to the funds. it is probable that th¢ inMm¢ will be received and the amount can be measured r¢liubly. Expendlture Liabilities are recognised as expenditure a5 sooll as there is A legal or ¢on8tru¢tivc obligation commiitin8 the charity 10 that cxp¢nditur¢. it is probable that a transfer of economic benef)ts will be required in settlement and the amowit of the obligation can be megsured reliably. Exp¢nditUTe is A¢couni¢d for on an accnjals b&sis and has been classified under headings that a88reBate all cost rclated ts) thc calcgory. Where COSL% cannot be directly attributed w particular headings they have been allocated to llctiviti on a bLsis consistcnl with the wc of resource8. TanRlblt fixed ajsets Dcprceiation is pided at the following annual rates iti order to Mite off each assd over its e5¢imated u8efid life. Jack Carter Centcr Improvements to pri)perty Fixtures and fittings 20/0 on Lo Straight line over 20 years I/0 on reducing balance Th¢ footbal pitch w&8 previo$1Y depTtctated over 20 years. The tr$teeS have reviewed this and decidcd it should bc dcpreciated over the life of the pitch which is 8 yeaTh. It was therefore agr¢¢d to depre¢iat¢ th¢ pit¢h ov¢r the next 2 years which will complete ihe 8 yeor life cycle. Frenford Clubs is recognised as a Charity by Il M Revenue & cuorn and therefore benefits from certain ¢x¢mptiolls from laxation on income and gains. to the extent they are applied for charitable purposes. No tax charges hav¢ arisen in Frenford Cluix8. Fund aecountfing Unrcstricted ndS call be used in ac¢ordall¢¢ with the ¢h8ritsble obj¢¢¢ives at th¢ discretion of the trustees. Page 15 continued...
FRENFORD YOtrrH CLUB TRADIryG AS TrRENFORD CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCR 2024 ACCOUNTING POLICIES- Continued Fund #ecoulltlllg Restricted funds can only be ws¢d for particular r¢stri¢ted purposes within th¢ Dbjects of the ¢hArity. Restrictions arise when specified by the donoT or wben fim(Ls are Taiscd lor particular rcstrictcd putp)s¢s. Further explanation of the Dare and pUTSe of each fund is included in the notes to the tinancial staiements. DONATIONS AND GRANTS 31J.24 31.3.23 Grants 275,263 351.752 Unrestrleted Re51rleled Total Tothl Grants and DoDatioDS 3JJ.2024 31J.2024 31J.2024 31J.2023 Genral Donations Football Foundation Veolia Trnst Commurtity Londott - Cost of Living Trund 29J58 29.358 12,800 34,490 102,020 3.302 12.800 32,(M)O 156,888 17,500 32,000 156,888 17,500 211,940 ndon Marathon The Million Hours Fund - Community Fund 26.717 26717 Total Grants 29J58 245,905 275.263 351,752 INVESTMENT INCOME 31J.24 31.3.23 Deposit account interest 3A89 1,392 Page 16 continued...
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB NOTES TO THE FtNANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 COME FROM CHARABLE ACTIVITIES 31J24 31.3.23 Activity Charitablc Activities In¢ome Charitsbk Activities 593.759 584.105 Grants rcceived. included io the above. are as follows: 31.3.24 31.3.23 Football Facilities Ilire CriLk¢t Badtnintou Basket Ball U21 ArLnual Membership Keep Fit Yog Residential Courses Outreach Work Gym Membership Dance Group Others Table Tenni5 I l-A-Side Astro MSA Womcll Rcgistralion Coaohing S¢rYic¢8 119,577 148,915 27,91K1 34,048 15,981 13,506 3,106 4,500 88275 141,702 143,050 36.11% 34.870 26,229 14,331 4.015 3.631 31,747 i.O¢J) 2,823 42.554 4,458 82,678 4,618 10,281 716 43.428 2,017 S580 6,207 593,759 584,105 All the above were income genuated froD) tharitable aeuvities in the year. Page 17 continued...
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB NOTES TO THE FtNANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 RalSING FUNDS Raisin% donations 2nd legacies 31J.24 31.3.23 Staff costs Fundraisin8 Expensas 44,481 47.261 102 44881 47,363 CHARITABLE AcrtVlTIES COSTS Support costs (see Direct COSLS 7) Totals Chariiabl¢ A¢tivAti¢s Govemance Costs 1214,987 I49 61246 6,563 1,281,233 25,112 1233.536 72,809 IJOC345 SUPPORT CO.ST.S Governance costs Charitdble Activities Governance Costs 06,246 72,f11I9 AUDITOILS, RF.MUNFRATION 31JJ4 31.3.23 Fe payable to the cbaTitys auditors for the audit of the clwitys ran¢11[ stat¢ments 5,665 5,750 Page 18 continued...
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFTTS There were no tTUSttts' ranwwation or (Aher Lwfits for thc ycar cndcd 31 March 2024 nor for the year ended 31 March 2023. Trnstttt, expenses Thae wer¢ no tnttS, expenses paid for the y¢Jr entsj 31 March 2024 nor for the year ended 31 March 2023. 10. STAFF COSTS 31J24 31.3.23 Wages and 8aiaTie4 465 369 628 465 369 628 The average monthly number of employees durin8 the year was as follows: 31J.24 25 31.3.23 16 Charitable Activilic5 Administration 26 17 One employee re£eiveA emoluments in excess of £60.lXI. I I. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES 31J.2023 Unrestrict1 Restricted fidS Total funds INCOME AIYD ENDOIITrIEI¥TS FROM Donations and Grants 34,45Y) 317,262 351,752 Charltable ictlvltley Charitable Activities 584.105 584,105 ]nvesth]ent income Other income 1.392 20,653 1,392 Total 317 262 EXPENDrfuRE ON Raising fimds 102 47,261 47,363 Charitable activities Charitable Activilies 374,304 540,353 914,657 Page 19 Continu...
FRLNFORD YOUTH CLUB TRADING AS FRENFORD CLUB NOTES I'O THE FINANCIAL STATEMENTS - colltinued FOR TIIE YF,AR ENDED 31 MARCH 2024 11. COMPARATIVES FOR THE STATEMEyf OF FINANCIAL ACTIVITIES 31J.2023- eontinued Unrestricted Restricled fLfftI funds Total nds Gov¢manc¢ CosLs 27,4109 52.711 80.120 Tota] 401.815 640J25 1,042.140 NET INCOMEI(EXPENDITUIth) 238.825 (323.063) (84.238) RECONCILIATION OF FUNDS Total funds brought fon¥ard 483.995 1,193.408 1.677.403 TOTAL FUNDS CARIUED FORWARD 722,820 870.345 1.593,165 12. KEY MAYAGEMENT PERSONNEL The Key Managcment Personnel is CODsidered to be the Board of Trllstees. 13. TANGIBLE FIXED ASSETS Jack Carlcr Centrr Improvcmcnts FlUreS to propety fittings Totals COST At l April 2023 and 31 March 2024 91030 1,021,642 303,(106 1,418,678 DEPRECIATIO,Y At l April 2023 Charge for year 22J21 1,88 151,299 435,172 173,197 &287 346,¥17 445 J39 At 31 Amarch 2024 24201 586,471 181,484 792,156 .NET BOOK VALUE At 31 March 2024 69829 435,171 I2122 626J22 At 31 March 2023 71,709 870,343 129,809 1.071.861 Pa8¢ 20 Continue..
FRENFORD YOUTH CLUB TRADING AS FRENFORD CLUB NOTES TO THF. FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAKCH 2024 14. DEBTOILS: AMOUYTS FALLING DUE wrrHtN ONF, YFAR 31J.24 31.3.23 Trade debtOTS 121,711 166,238 IS. CRF.DITORS: AMOUNTS FALLINC DUE WITIIIN ONE YEAR 31J.24 31.3.23 TrAde creditors 'I'axation and so¢ial 8¢curity Other creditors 135 109 15,024 32.44l 9,057 15268 41,498 16. cREDORS. AMOiiNfs FALLING DUE AFfER MORE THAN ONE YEAR JlJ.24 31.3.23 Other creditors 4,550 17. LOANS An analysis of the mAtiwity of loans is given below: 31J.24 31.3.23 Amounts falling bctwccn onc and two years.. Loan Irom Essex Youth Tzust 4,550 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31J.24 Total fidS 31.3.23 Total funds UDrcstri¢tcd R¢stricted funds funds Fixed assets Current ass¢lb Cuent liabilities Long terni liabilities 191J49 517,661 (15.268) 435,173 624522 519.161 (15.268) 1,071,861 567,352 {41,498) (4,550) 693,742 436,673 1.130,415 1593,165 Page 21 continued...
FRENFORD YoirrH CLUB TRADING AS FRENFORD CLUB NOTES TO THE FINLNCIAL STATEMENTS - continued FOR THE YEAR EWED 31 MARCH 2024 19. MOVEMENT IN FUNDS Restricted Funds BalaDce 1st Apr 23 Incoming Outgoing Fund8 Funds Balance 31st Mar 24 Otbers- See belo 236.206 (234.706) 1,5 Stadium Project 870,345 (435,172) 435,173 870J45 236206 (285.788) 43&673 Stsdium Project: These are r¢stricled fjjnds held in forni of red &ss¢ts that is Stadium and its footba]I pitches. 31.3.24 31J.23 Brucc Wake C.haritible TnL%t 1.51KJ 1,500 tidlu und 31.03.24 31.03.23 Football Stadium- NBV _ Note 12 435,173 870,345 435,173 1170.145 Page 22 continued...
FRENFORD YOtrrH CLUB TRADIIYG AS FRENFORD CLUB NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EYDED 31 MARCH 2024 19. MOVEME IN FUNDS- CODlinued Ullrestrlcted Funds BAlan¢e 1st Apr 23 In¢omlng Funds Oulgolng Funds Trfer BAIAnce 31st MAr 24 Genual Funds 352,820 642,171 (671249) 323,742 Design&ted F4unds - Buildin8 Renovation 180.(KIO 180.000 De8ignuted Pitch Replacement 190.C(K) 190,(K)O 722.820 (AL171 (671249) 693,742 Included in Genetat Funds are £323.724 of free reserves. 20. RELATED PARTY DISCLOSURES There were no relAled paty transactiOL8 for the year ended 31 March 2024. Page 23
FRENFORD YOUTH CLUB TRADING AS FREIIFORD CLUB DTr TAIt.Tr.D STATF.MFNT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donation$ and Grants Grants 275,2&3 351,752 IDvestment income Deposit account interest 3,489 1,392 Charltable aCtItIeS Charitable Activities Income 593,759 584.105 Other Income .1 uck Shop In¢om¢ 15,565 20,653 Total IncomlDg resources 888,076 957.902 ExPEhITuRE R41sth% don4tlons and legacl Wages Fundrni¥in¥ Exp¢ns¢s 44881 47.261 102 44,481 47,363 Charltable actlvldes Wagcs (yround Maintenance Football Residential Courses Basketball Bathniuton Cricket Training Other Sport Genetal and Water Rates Insurance Ligh¢ Heat Cleaning Rcpair5 and MaintcnAnce Prinun& postage alld statione CA]ed forward 361,696 18233 38,489 12.605 6,133 7,441 2942 725 13,153 16,712 24,233 45,510 31,158 64382 lJ70 644,682 264,738 18,526 36.141 13,094 2,100 6.262 12,092 5,177 40,156 22,185 39,037 49.519 23.667 215.913 1,335 749,942 This page does not forni part of the statOry financial statements Page 24
FRENFORD YOUTh CLUB TRADING AS FRENFORD CLUB DETAILED ST ATEmE OF FINANCIAL ACTIVITIES FOR THF YF.AR ENDED 31 MARCH 2024 31.3.24 31.3.23 Charil*ble activities Brought forward Telephonc Transport and Travel Expenses Leual and Profcssioyyal Costs Otttreach Work Facilitics Hirc Food Bank Supplies Martial arts Donation to other or8anisation Car Hirc Coun%elling Projects Youth Proj¢¢t¥ rreehold prop¢ty Improvementb tu property Fixtures and fittiTigs 644,682 2J97 892 316 3,467 19J78 33871 600 6J30 1.171 240 68,653 JO80 435,172 8287 749.942 2,047 5.058 14.894 1.552 45.165 474 2,683 5,265 18,136 ,880 51.082 14,423 1.233536 912.601 yupport Costs GnvernAnce costs WaS Auditors, remunetatioll Consultancy Fee5 8oftware Licences Ban Cr¢dit Card ¢hargc8 59,166 5,665 57.629 5,750 12.791 1.375 4,631 1,654 6J24 72,809 82,176 Total resources expended I J50,1126 1,042.140 Net expeDditllre (462,750) (84,238) This page does not forni part of the statutory fmancial statements Page 25