REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 30th June 2023 |
for |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 30th June 2023 |
for |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Contents of the Financial Statements |
for the Year Ended 30th June 2023 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 |
Notes to the Financial Statements | 8 | to | 14 |
Dagenham and Redbridge FC |
Community Trust (Registered number: 07416869) |
(A Company Limited by Guarantee) |
Report of the Trustees |
for the Year Ended 30th June 2023 |
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 30 June 2023. 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 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The charity's objects ("the objects") are for the benefit of the public generally and in particular the inhabitants of the London Borough of Barking and Dagenham and its surrounding areas: |
To promote community participation in healthy recreation by providing facilities for the playing of association football, other sports and activities capable of improving health ("facilities" means land, buildings, equipment and organising sporting activities); |
To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; |
To advance the education of children and young people through such means as the trustees think fit in accordance with the law of charity; and for the general purposes of such charitable bodies or for such other exclusively charitable purposes in each case as the trustees may from time to time decide. |
Mission Statement: |
"To use the power of sport and education to positively engage with, inspire and empower the young people of our diverse local community, to create opportunities to improve the quality of life for everyone." |
Vision: |
To become one of the leading social and community outreach organisations in the local area, inspiring young people to achieve their potential and bring about positive life changing opportunities through the following four strands: |
1. Promoting Health and Wellbeing |
2. Raising Levels of Achievement |
3. Building Community Cohesion |
4. Supporting People with Specific Needs |
Dagenham and Redbridge FC |
Community Trust (Registered number: 07416869) |
(A Company Limited by Guarantee) |
Report of the Trustees |
for the Year Ended 30th June 2023 |
OBJECTIVES AND ACTIVITIES |
Significant activities |
As the Trust has moved away from the problems encountered by the COVID pandemic, it has continued to grow and develop. |
The new Board of Trustees recently signed off the first 8 sections of the Premier League's Capability Code of Practice working with Fried Frank, a group of American Corporate Lawyers based in Bishopsgate, London. Over the next 12 months Fried Frank will continue to offer its services Pro Bono to complete the remaining sections required by the Premier League Charitable Fund and the National League Trust. |
Over the last twelve months the Trust has been able to offer the following activities. |
The provision of a variety of sporting activities via the organisation and delivery of holiday multi-sport schools for school aged children in various venues, working alongside the Metropolitan Police, Army London, Box Up Crime and other local organisations to provide not only physical activities, but also like skills including team work, communication, problem solving and others. The Trust successfully bid to the National League Trust to fund the school holiday camps from Easter 2022 through to February 2023 and further funding was found locally for Easter and Whitsun 2023. Some funding was retained to discount the camps over Summer 2023. |
The Trust has been awarded further funding by the National League Trust to develop a Kickstart programme for local young people and weekly sessions have replaced those previously run under the PL Kicks banner. The Trust is working with. A group of youngsters and local parents to upskill them to become football, multisport and cricket coaches as part of this programme. Other activities are planned for the post school holiday period. |
Provision of both free and parent paid breakfast and after school clubs in local schools providing healthy activity in a multitude of sports, especially for young females. The Trust continued to offer fun football classes for girls in local schools and is planning to expand this provision next season. |
Provision of educational programmes such as Respect and Show Racism the Red Card delivered free of charge in local primary and secondary schools. Visits by players to local primary schools eg World Book Day. |
The Trust is continuing to develop a much closer relationship with local schools providing a wide variety of learning opportunities, both in the school and at the Club. These include tours of the stadium, matchday visits, competitions and visits to schools by members of the Club's playing staff. |
The Trust is developing new links with local youth football teams and organisations through its matchday 'Guard of Honour' programme, where youngsters parade the pitch prior to kick off and form a 'Guard of Honour' as the players walk out of the tunnel. Every home match in season 2022-23 saw a different group form a Guard of Honour. |
The Trust plays a major role in the planning and operation of the Club's "Daggers Celebrate Diversity Day", which was held in January 2023 and is due to be repeated in the coming season. |
The Trust is a member of London United and through them has secured significant funding to operate a London Marathon Charitable Trust initiative for young girls, in association with the Premier League Charitable Fund. |
The Trust is represented on the local International Day of Disabled People (IDDP) committee. |
A new Board of Trustees was established before Easter, alongside a new Advisory Committee consisting of local school staff, Metropolitan Police Officers, local business representatives and others. |
The Trust has rekindled its pre COVID work with local African churches to provide pre-owned kit and equipment to be sent to Africa. |
The over 50s 'Sporting Memories' group has met at the Club every Thursday morning for the last year and in addition to the weekly games and quizzes, enjoyed a 90 minute chat with ex Essex and England Cricket Captain Graham Gooch. |
Dagenham and Redbridge FC |
Community Trust (Registered number: 07416869) |
(A Company Limited by Guarantee) |
Report of the Trustees |
for the Year Ended 30th June 2023 |
OBJECTIVES AND ACTIVITIES |
Volunteers |
The Trust encourages volunteering opportunities and facilitates these opportunities on its PL Kicks programme and within its other activities eg Matchday ball boys and girls. Volunteers are involved with supporting coaching staff at the soccer schools. Several of those volunteers were supported financially by the Trust and are now qualified FA coaches employed by the Trust. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
Over the past year the charity ran a number of activities involving the diverse members of the local community in physical and social activities. |
It attracted funding from a number of sources including The National League Trust, The Football Association, The Premier League Charitable Fund, The London Marathon Charitable Trust, The Football Foundation, Barking and Dagenham Collective and others. |
Soccer and multisport activities were run during holiday periods attracting attendances from local youngsters who had the opportunity to improve their physical and mental skills. |
Many primary school children took part in projects throughout the year. Many other primary and secondary school students have been involved in Trust led activities from after school clubs, to careers' fairs, to GCSE PE projects. |
The Trust worked closely with the local LBBD Council and the Metropolitan Police to deliver activities in areas of high need when possible. |
FINANCIAL REVIEW |
Reserves policy |
It is the policy of the Dagenham and Redbridge Community Trust charity to seek ways to increase unrestricted funds to the level required to provide sufficient funds to cover the operating costs of the charity for a period of one year. The Trustees recognise that to achieve this level of reserves will take a period of time and therefore will set interim targets in respect of the level of reserves in order that the trust can continue to grow. |
The trustees will monitor the level of reserves at each Trustees Meeting. The Trustees acknowledge that how the level of reserves changes during the year can be a good indicator of the underlying financial health of the charity and can be an indicator of potential problems. The level of reserves will be monitored throughout the year as part of the normal monitoring and budgetary reporting processes. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Dagenham and Redbridge FC Community Trust is a company limited by guarantee governed by its Memorandum and Articles of Association. It is registered as a charity with the Charity Commission. |
Organisational structure |
The number of trustees shall be not less than three but (unless otherwise determined by ordinary resolution) shall not be subject to any maximum provided always that Dagenham and Redbridge Football Club (or any successor body) shall be entitled to nominate the number of people specified opposite its name to be trustees. |
Induction and training of new trustees |
The trustee responsible for compliance briefs new trustees on their legal obligations under charity and company law; the content of the Memorandum and Articles of Association; the decision-making processes; the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. |
Dagenham and Redbridge FC |
Community Trust (Registered number: 07416869) |
(A Company Limited by Guarantee) |
Report of the Trustees |
for the Year Ended 30th June 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Wider network |
The Dagenham and Redbridge FC Community Trust supports the community activities relating to Dagenham and Redbridge FC and the wider network of the National League Trust that operates at a national level on behalf of all clubs within the Vanarama National League. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
B G Chernoff |
Davis Grant Limited |
Chartered Certified Accountants |
Treviot House |
186-192 High Road |
Ilford |
Essex |
IG1 1LR |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Dagenham and Redbridge FC |
Community Trust (Registered number: 07416869) |
Independent examiner's report to the trustees of Dagenham and Redbridge FC Community Trust ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
B G Chernoff |
Davis Grant Limited |
Chartered Certified Accountants |
Treviot House |
186-192 High Road |
Ilford |
Essex |
IG1 1LR |
12th January 2024 |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Statement of Financial Activities |
for the Year Ended 30th June 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
EXPENDITURE ON |
Charitable activities |
( |
) |
National League Trust |
Premier League |
- | - | - | 1,980 |
Football Foundation | - | - | - | 1,651 |
Girl Only Kicks | - | 263 | 263 | 8,317 |
Kickstart | - | - | - | 7,232 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
Transfers between funds | 8 | 8,158 | (8,158 | ) | - | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 26,690 |
Dagenham and Redbridge FC |
Community Trust (Registered number: 07416869) |
(A Company Limited by Guarantee) |
Balance Sheet |
30th June 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 6,515 |
Restricted funds | 20,175 |
TOTAL FUNDS | 26,690 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements |
for the Year Ended 30th June 2023 |
1. | 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive 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 directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Computer equipment | - |
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. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions 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 to the financial statements. |
2. | DONATIONS AND LEGACIES |
The income from donations and legacies was £66,907 (2022: £95,169) of which £56,882 was unrestricted (2022: £44,765) and £10,025 was restricted (2022: £50,404). Included within restricted funds was funding from the National League Trust which use football to help reach out to youngsters. |
The charity also received unrestricted funds from the Barking and Dagenham Lottery. |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2023 |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30th June 2023 nor for the year ended 30th June 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30th June 2023 nor for the year ended 30th June 2022. |
4. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Administration | 2 | 2 |
Coaching | 8 | 8 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Charitable activities |
National League Trust |
Premier League |
- | 1,980 | 1,980 |
Football Foundation | - | 1,651 | 1,651 |
Girl Only Kicks | - | 8,317 | 8,317 |
Kickstart | - | 7,232 | 7,232 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 3,223 | 18,327 |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2023 |
5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD | 6,515 | 20,175 | 26,690 |
6. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1st July 2022 and 30th June 2023 |
DEPRECIATION |
At 1st July 2022 and 30th June 2023 |
NET BOOK VALUE |
At 30th June 2023 |
At 30th June 2022 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Accruals and deferred income |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2023 |
8. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.7.22 | in funds | funds | 30.6.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 365 | 1,386 | 14,308 | 16,059 |
National League Trust | 6,150 | - | (6,150 | ) | - |
1,386 |
Restricted funds |
PL Kicks | 240 | - | (240 | ) | - |
Premier League Champion | 614 | - | - | 614 |
Sportivate Project | 285 | - | - | 285 |
National League Trust | 1,140 | (7,230 | ) | 6,149 | 59 |
Building a Stronger Britain Together | 2,585 | - | (2,585 | ) | - |
Football Foundation | 9,049 | - | (9,049 | ) | - |
Girls Only Kicks | 2,433 | - | (2,433 | ) | - |
Kickstart | 3,829 | - | - | 3,829 |
(7,230 | ) | ( |
) |
TOTAL FUNDS | (5,844 | ) | 20,846 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 56,882 | (55,496 | ) | 1,386 |
Restricted funds |
National League Trust | 10,025 | (17,255 | ) | (7,230 | ) |
TOTAL FUNDS | ( |
) | (5,844 | ) |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2023 |
8. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.7.21 | in funds | 30.6.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 3,223 | (2,858 | ) | 365 |
National League Trust | - | 6,150 | 6,150 |
3,223 | 3,292 | 6,515 |
Restricted funds |
PL Kicks | 9,617 | (9,377 | ) | 240 |
Premier League Champion | - | 614 | 614 |
Sportivate Project | 285 | - | 285 |
National League Trust | 1,140 | - | 1,140 |
Building a Stronger Britain Together | 2,585 | - | 2,585 |
Football Foundation | 4,700 | 4,349 | 9,049 |
Girls Only Kicks | - | 2,433 | 2,433 |
Kickstart | - | 3,829 | 3,829 |
18,327 | 1,848 | 20,175 |
TOTAL FUNDS | 21,550 | 5,140 | 26,690 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 32,265 | (35,123 | ) | (2,858 | ) |
National League Trust | 12,500 | (6,350 | ) | 6,150 |
44,765 | (41,473 | ) | 3,292 |
Restricted funds |
PL Kicks | 19,999 | (29,376 | ) | (9,377 | ) |
Premier League Champion | 2,594 | (1,980 | ) | 614 |
Football Foundation | 6,000 | (1,651 | ) | 4,349 |
Girls Only Kicks | 10,750 | (8,317 | ) | 2,433 |
Kickstart | 11,061 | (7,232 | ) | 3,829 |
50,404 | (48,556 | ) | 1,848 |
TOTAL FUNDS | 95,169 | (90,029 | ) | 5,140 |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2023 |
8. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.7.21 | in funds | funds | 30.6.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 3,223 | (1,472 | ) | 14,308 | 16,059 |
National League Trust | - | 6,150 | (6,150 | ) | - |
3,223 | 4,678 | 8,158 | 16,059 |
Restricted funds |
PL Kicks | 9,617 | (9,377 | ) | (240 | ) | - |
Premier League Champion | - | 614 | - | 614 |
Sportivate Project | 285 | - | - | 285 |
National League Trust | 1,140 | (7,230 | ) | 6,149 | 59 |
Building a Stronger Britain Together | 2,585 | - | (2,585 | ) | - |
Football Foundation | 4,700 | 4,349 | (9,049 | ) | - |
Girls Only Kicks | - | 2,433 | (2,433 | ) | - |
Kickstart | - | 3,829 | - | 3,829 |
18,327 | (5,382 | ) | (8,158 | ) | 4,787 |
TOTAL FUNDS | 21,550 | (704 | ) | - | 20,846 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 89,147 | (90,619 | ) | (1,472 | ) |
National League Trust | 12,500 | (6,350 | ) | 6,150 |
101,647 | (96,969 | ) | 4,678 |
Restricted funds |
PL Kicks | 19,999 | (29,376 | ) | (9,377 | ) |
Premier League Champion | 2,594 | (1,980 | ) | 614 |
National League Trust | 10,025 | (17,255 | ) | (7,230 | ) |
Football Foundation | 6,000 | (1,651 | ) | 4,349 |
Girls Only Kicks | 10,750 | (8,317 | ) | 2,433 |
Kickstart | 11,061 | (7,232 | ) | 3,829 |
60,429 | (65,811 | ) | (5,382 | ) |
TOTAL FUNDS | 162,076 | (162,780 | ) | (704 | ) |
Dagenham and Redbridge FC |
Community Trust |
(A Company Limited by Guarantee) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2023 |
9. | RELATED PARTY DISCLOSURES |