REGISTERED COMPANY NUMBER: CS003647 (Scotland) REGISTERED CHARITY NUMBER: SC048740 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2025 for VILLA PARK FOOTBALL CLUB Watson & Co. Oakfield House 378 Brandon Street Mothenvell NORTH LANARKSHIRE MLI IXA
VILLA PARK FOOTBALL CLUB Contents of the Finaneial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Aetivities Balance Sheet Notes to the Financial Statements 7 to 10
VILLA PARK FOOTBALL CLUB Report of the Trustees for the Year Ended 31 March 2025 The trustees who are also directors of the charity for the purpose5 of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Villa Park Football Club was a registered as a SCIO on 3 October 2018, previously being an independent organisation. All assets from the independent organisation were transferred to the SCIO upon registration. OBJECTIVES AND ACTIVITIES Objectives and aims The purpose of the charity is to advance the participation of public in sport by promoting and encouraging equality, diversity, social integration and personal development of children and adults through participation in football. STRATEGIC REPORT Achievements and performan¢¢ Charitable activities In line with clubs aims, a new age group {2018) was added to the club list of teams, with the successful recruitment of coaches for the group. Two additional teams were added at 2016 age group. The 2008 squad won ihe Heston Shield, Ihe CLYFA B Division and the CLYFA Divisional cup. The 201 I squad were involved in arranging the Chri5 Drivers Charity festival, a festival to raise awareness of Diabetes which also raised money for grassroots football. Fundraising activilies A succcssful Race Night fundraiscr was hosted in March 2024. Tlie thiid5 1"aised totalled £2.921.75. FuitlieI' fuiidIais¢r events are planned for the 20241?5 financial yeaT. Finaneial review Financial position Total incoine for the year ainounted to £82:828 (2024 £78,276) . Total expenditure for the year amounted to £76,792 (2024 - £72,475). Operations for the year resulted in a net surplus of £6,036 (2024- £5,801). At the year end the reserves held totalled ai £J5,576 (2024.. £29,540) All of the above income, expenditure and reserves, unless otherwise stated, are unrestricted. The charity's trustees believe that the reserve amount is sufficient to cover the charity's future liabilities fo the year ahead. Page I
VILLA PARK FOOTBALL CLUB Report of the Trustees for the Year Ended 31 March 2025 STRATEGIC REPORT Finaneial review Resen'es policy Villa Park FC is a SCIO whose purpose is the advancernent of public participation in sport with emphasis ill child and youih football development. The aim is to add a new tcam each year on an ongoing basis and the club are looking to develop their own facilities as a rneans of achieving theirgoal. All indications are thai there will be significant inilial costs after suitsble facilities are secured. Alihough grants and donalions may be available, the club will need to be able to cover part of the initial costs. Also. there may be periods when funding either via fees or fundraising activities ar¢ curtail¢d, during these periods th¢ lub will slill need to meet ouigoings, therefore an average of 3 months expenditure costs will be held in reserve. Therefore, a reserve of £1 D,000 will be held to cover the facility costs, with an additional £12,500 for the football activities. This reserve policy will be subject to monitoring and will be reviewed: If the club is successful in achieving a hoine playing area. If the future of the club change significantly. There is a rnaterial change to the financial perforniance [Income or expendilure) of the club. Future plans Villa Park Football Club SCIO have the desire lo conlinue to encourage greater participation in football and improve the facililies available by adding a new age group year on year and securing a lease on pitches fDr our us¢ ivhich we can improve. Initial Consultations have taken place with NLC regarding comrnunity Ass¢t Transfer / Long temi lease on a piece of ground. Villa Park Football Club are looking to be more involved with coinmunity and plan some community projects which will assist other local charities. STRUCTURE, GOVERNANCE AND MANAGEMENT GovernÉng document The charity is controlled by ils governing dwument, a deed of trust. and conslilules a limited company. limited by guaranlee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAIiS Registered Compan), number CS003647 {Scoiland} Registered Charily nujnber SC048740 Page 2
VILLA PARK FOOTBALL CLUB Report ofthe Trustees for the Year Ended 31 Mareh 2025 REFERENCE AND ADMINISTRATIVE DETAILS lTrdependent Examiner Watson & Co. Oakfield House 378 Brandon Street Mothenvell NORTH LANARKSHIRE MLI IXA Report of the trustees. incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 22 Deceber 20?5 and signed on the board's behalf by: Page 3
Independent Examiner's Report to the Truslees of Vllla Park Football Club I report on the accounts for the year ended 31 March 2025 set out Dn pages five to ten. Respeetive responsibilities of trustees and txaminer The charity's trusiees are responsible for ihe preparation of the accounts in accordance with the lenns of the Charities and Trustee Investinent (Scotland) Act ?005 and the Charities Accounts (Scoiland) Regulations 2006 (as amended). The charily's trustees consider thal the audit r¢quireinent of Regyulaiion l O( l )(a) lo (c) of the Accounls Regulations does not apply. It is my responsibility to exarnine the accounts as required under Seciion 44(1)(c) of the Act and to state whether particular matters have corne to my attention. Basis of the independent examiner's report My examination H'as carried out in accordance with Regulation I l of ihe Charilies Accounts (Scotland} Regulalions 2006. An examination includes a review of the accounting records kept by the charity and a compari50n of the accoullts presented M'iih those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanalions from Vou as trustees concerning any such rnatters. The procedures undenaken do not provide all the evidence that would be required in an audit. and Consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's slatement In connection with my exarnination, no Inatter has come to Illy attentiDn . (l ) which gtves me reasonable cause lo believe that, in any rnaterial respect. the requirements to keep accounling records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of ih¢ 2006 Accounts Regulations- and to prepare accounts which accord with the ac¢ounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been met. or (2) to ii,hich, in my opinion, attention should b¢ drawn in Order to enable a proper understanding of the accounts to be reached. Walsoll Li Lo. Oakfield House 378 Brandon Street Motherwell NORTH LANARKSHIRE MLI IXA 22 December 2025 Page 4
VILLA PARK FOOTBALL CLUB Statement of Financial A¢livities for the Year Ended 31 March 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legactes 65.489 65,489 70,023 Charitable activities General activities 5,000 5,000 other trading activities Investment income 11,997 342 11,997 342 7,963 290 Total 82,828 82,828 78,276 EXPENDITURE ON Charitable g¢livities General activities 76,792 76.792 72.475 NET INCOME 6,036 6,036 5,801 RECONCILIATION OF FUNDS Toial funds broughi fonvard 29.540 29.540 23,7)9 TOTAL FUNDS CARRIED FORWARD 35,576 35,576 29,540 The notes form part of these financial statements Page 5
VILLA PARK FOOTBALLCLUB Balanee Sheet 31 March 2025 2025 Total funds 2024 Total funds Unreslricled fund Restricied fund Notes CURRENT ASSETS Cash at bank and in hand 36,426 36,426 30.390 CREDITORS Amounis falling due within one year (850) (850) (850) NET CURRENT ASSETS 35.576 35,576 29.540 TOTAL ASSETS LESS CURRENr LIABILITIES 35,576 35,576 29,540 ]YET ASSETS 35.576 29,540 FUNDS Unrestricted funds 35,576 29,540 TOTAL FUNDS 35.576 29.540 Th¢ charilable company is entitled to ¢x¢inpiion from audit under Section 477 of the Compani¢s Act 2006 for the year ended J l March 2025. The members have not required the company io obtain an audit of its financial stalements for ihe year ended 31 March 2025 in accordance with Section 476 of the Companies Aci 2006. The trustees acknowledge their Tesponsibilili¢s for (a) ensurinb that the Charilable cornpany keeps accouniing records thal comply with Sections 386 and )87 of the Coinpanies Act 2006 and preparing financial statements hICh give a true and fair Vie of the slate of atTairs of the charitable company as at the eiid of each financial )'edr and of ils surplus or deficit for each financial year in accordance ivith the requirernen15 of Sections i94 and 395 and which othenvise compl) with the requirements of the Companies Act 2006 relating to financial stalemenls. so far as applicable to the charitable coirjpany. (b) These financial stateinents have been prepared in accordance with the provisions applicable lo charitable companies subject to the small companies regiine. The financial statements were approved by the Board of Trustees and auihorised for issue on 22 Deceinber 2025 and wer¢ sig)ned on its behalf by.. The notes fomi pan of these financial statenients Page 6
VILLA PARK FOOTBALL CLUB Iyotes lo the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republtc of Ireland, and the Coinpanies Act 2006. The financial statements have been prepared under the historical cost convention. Income All incoine is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income wtll be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligalion coinmitting Ihe charity to that expenditure, it is probable that a transfer of economic benefits will be required in settleinent 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 cosl related to the category. Where costs cannot be directly attributed to particular headings they have been allocated lo aclivities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restiictcd fuiids can oiily be used foi" paiticulaI" i'tsti'i¥led pui'poses wiiliii) Ili¥ obj¥Lls vf Ili¥ Lli¢lli(y. R¥slriLlivns arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes io the financial stalements. OTHER TRADING ACTIVITIES 2025 2024 Fundraising events Sponsorships 5,642 6,355 2,922 5,041 11,997 7,963 INVESTMENT INCOME 2025 2024 Deposil account interest 342 290 Page 7 continued...
VILLA PARK FOOTBALL CLUB Notes to the Financial Statements- continued for th¢ Year Ended 31 March 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 70,023 Other trading activities Investment income 7,963 290 7.963 290 Total 78,276 78,276 EXPENDITURE ON Charitable activities General activities 72,475 72,475 NET INCOME 5.801 5,801 RECONCILIATION OF FUNDS Total funds bi'ought forward 23,739 23.739 TOTAL FUNDS CARRIED FORWARD 29,540 29,540 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accruals and deferred income 850 850 Page 8 continued...
VILLA PARK FOOTBALL CLUB Notes to the Finaneial Statem¢nls- ¢ontinued for the Year Ended 31 March 2025 MOVEMEINT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unreslricted funds General fund 29,540 6,036 35,576 TOTAL FUNDS 29,540 35,576 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 82,828 (76.792) 6,036 TOTAL FUNDS 82,828 {76.792) 6,036 Comparatives for movement in funds Net n)oveinent in funds At 31.3.24 Ai 1.4.23 Unrestri¢ted funds General nd 23,739 5,801 29,540 TOTAL FUNDS 23,739 5,801 29,540 Comparative net inoveinent iii nds, included in the above are as follows.. Incoming resources Resources expended Moveinent in funds Unrestricted funds General fund 78.276 (72,475) 5,801 TOTAL FUNDS 78,276 (72,475) 5,801 Page 9 continued...
VILLA PARK FOOTBALL CLUB Notes to the Financial Statements- eontinued for the Year Ended 31 M#r¢h 2025 MOVEMENT IN FUNDS- conlinued A current year 12 months and prior year 12 months combined positton is as follows.. Nel movement in ndS At 31.3.25 At 1.4.23 Unrestricted funds General fund 23,739 11,837 35,576 TOTAL FUNDS 23,739 1,837 35.576 A current year 12 months and prior year 12 months combined net moveinent in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 161,104 (149,267) 11,837 TOTAL FUNDS 161,104 (149,267) 11.837 RELATED PARTY DISCLOSURES There were no related paity transactions for the year ended 31 March 2025. Page 10