REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
SKY BLUES IN THE COMMUNITY |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
SKY BLUES IN THE COMMUNITY |
(A COMPANY LIMITED BY GUARANTEE) |
SKY BLUES IN THE COMMUNITY |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Report of the Trustees | 1 | to | 17 |
Report of the Independent Auditors | 18 | to | 21 |
Statement of Financial Activities | 22 |
Balance Sheet | 23 |
Cash Flow Statement | 24 |
Notes to the Cash Flow Statement | 25 |
Notes to the Financial Statements | 26 | to | 37 |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 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 31 December 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). |
MISSIONS & VISIONS |
Sky Blues in the Community are the official charity of Coventry City Football Club, aspiring to make positive impacts across all areas of our community. |
We know that professional football clubs provide an attractive platform for engaging people from all walks of life, and this puts us in a unique position to address local priorities and national issues. |
We build on this platform by delivering innovative and quality activities across four main themes (Sport, Health, Inclusion and Education). We see it as our responsibility to utilise our position for the benefit of the local community across Coventry and Warwickshire and have a positive impact in our local area. |
Mission: 'Use the reach and appeal of Coventry City Football Club to make a difference to the lives of people across Coventry and Warwickshire.' |
Our Aims: To provide high quality, life changing opportunities through sport and physical activity, improving people's health and well-being, education, confidence, and skills, increasing positive behaviours and bringing enjoyment to the people we work with. To use the power of professional football and sport to engage with the local community. |
To focus and influence the work of Sky Blues in the Community in achieving our mission and to address local priorities, our work is categorised under four core themes, each with their own headline goal: |
o Sport - Engage people of all ages and abilities in sport and physical activity |
o Health - Promote healthy behaviours, empowering people to take control of their own health and well-being |
o Education - Inspire learning and personal development to raise aspirations, attainment, and achievement |
o Inclusion - Provide opportunities for people and communities that face common barriers |
o Football development - Provide a player development pathway for children of all ages and abilities. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
OBJECTIVES AND ACTIVITIES |
Objectives and activities |
The principal object of the charity, in accordance with its memorandum of association, is to promote community participation in healthy recreation through football and other sports for the benefit of the public across Coventry and Warwickshire. In the furtherance of this object the directors, as the charity trustees, have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the Charity Commission's published general and relevant sub-sector guidance concerning the operation of the Public Benefit requirement under the act. |
1. Increasing our levels of unrestricted income through services we provide, fundraising and sponsorship |
2. Expanding our commissioned and consortium income portfolio, cementing our position as a 'go to' organisation for community engagement and delivery |
Strategic Plan 2020 - 2023 |
3. Providing pathways for our beneficiaries that maximises their 'journey' opportunities with us and to focus our offer, understanding what we are good at and not trying to be all things to everyone |
4. Maximising our unique selling points to increase our market appeal to customers, partners, funders and wider stakeholders |
5. Ensuring all of our programmes and activities are financially self-sufficient |
The work of Sky Blues in the Community is underpinned by several company values. These company values inform how we operate, communicate and conduct ourselves daily. Our values are to: |
* Enjoy what we do |
* Deliver our services to the highest standards |
* Exceed expectations* Be open and transparent |
* Learn from, and share best practice |
* Be professional |
* Provide an excellent experience |
* Work in partnership |
* Be honest, trustworthy and act with integrity |
* Innovative |
Activities for achieving objectives |
The significant activities for achieving the objectives are: |
* To increase the opportunity for residents of Coventry and Warwickshire to participate in physical activity and improve Mental well-being, for a more physically active lifestyle. |
* To actively promote opportunities for disadvantaged and marginalised communities to participate in positive activities, regardless of age, gender, race, infirmity, disablement, poverty, or social and economic circumstances. |
* To promote participation in healthy activities, through providing facilities for the playing of football and other sports, whilst improving health and awareness through a variety of mediums |
* To advance the education and learning of children, young people, and adults by promoting accredited training and personal development opportunities. |
* Working in partnership with key local, regional and national organisations to allow the company to achieve its charitable objectives and the listed activities. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRATEGIC REPORT |
Achievement and performance |
Achievements and Performance |
DAVID BUSST, HEAD OF COMMUNITY |
Our team continue to be enthusiastic, passionate and dedicated working above and beyond to make a difference in our community and through the use of sport we hope to succeed in changing the lives of people who deserve it most. |
Community Day |
Sky Blues in the Community teamed up with Frasers Group to give every school in Coventry a free voucher for £250-worth of sports equipment and chance to participate on the Pitch. |
Every team from more than fifty primary schools that attended the event were given a goodie bag and a sports voucher on behalf of Frasers Group and Sky Blues in the Community, the official charity of Coventry City FC. |
Young players from the school teams were able to test their skills on the pitch at the Arena. |
David Busst, Head of Community at the charity, says Sky Blues in the Community and Frasers Group partnered together to also reach out to around seventy other schools within Coventry. |
"The open day was a great way of celebrating our ties with the schools and community groups that we work with across the city. During the year we also contacted all the other schools in Coventry to engage with them. It was great to be starting our new partnership with Frasers Group in this way and I'd like to thank everybody there for their support." |
The sports vouchers were redeemable at Sports Directory, a sister company of Sports Direct that is owned by Frasers Group. |
Nick Fox, Managing Director of Sports Directory, said on behalf of Frasers: "We was delighted to be working with Sky Blues in the Community and I'd like to thank David and his team for making it such a special day at the Coventry Building Society Arena." |
HAF - (Holiday Activities Food) |
Our holiday activities and food programme has continued to provide support to children/families in receipt of free school meal vouchers through-out Coventry Area during set School holiday periods. |
Research has shown that the school holidays can be pressure points for some families. For some children this can lead to a holiday experience gap, with children from low-income households being: |
* Less likely to access organised out-of-school activities |
* More likely to experience 'unhealthy holidays' in terms of nutrition and physical health |
* More likely to experience social isolation |
Our HAF programme is a response to this issue, with evidence showing that free holiday clubs can have a positive impact on children and young people, and that they work best when they: |
* Provide consistent and easily accessible enrichment activities |
* Cover more than just breakfast or lunch |
* Involve children (and parents) in food preparation |
* Use local partnerships and connections, particularly with the voluntary and community organisation sector |
As a result of this programme, we want children who attend this provision to: |
* eat healthily over the school holidays |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
* be active during the school holidays |
* take part in engaging and enriching activities which support the development of resilience, character, and wellbeing along with their wider educational attainment. |
* be safe and not to be socially isolated |
* have a greater knowledge of health and nutrition |
* be more engaged with school and other local services |
We also want to ensure that the families who participate in this programme: |
* develop their understanding of nutrition and food budgeting |
* are signposted towards other information and support, for example, health, employment, and education |
Working in partnership remains our key focus which enabled us to impact on the needs of our community and be a key service provider for the delivery of HAF with key stakeholders CCC-Department of Education. |
PL Sport and Core Activities |
Premier League Primary Stars (PLPS) |
In 2023, the PLPS project continued to develop the Social Action element of the programmed within schools, seeing many young people volunteering within their school for the local community. |
Our PLPS KPI's in 2023 : |
- Social Action projects x 4 |
- Supported PE Lessons19 target 8 |
- Targeted interventions 19 target 8 |
- Anti Discrimination workshops 7 target 3 |
- Education Activations 18 |
Joy of Moving |
Joy of Moving was delivered in schools to 1700 children from across Coventry in 2023. |
Joy of Moving Festivals were delivered in partnership with the EFL Trust. A large number of schools from across Coventry took part and saw 100's of children enjoys a day of physical activity and sport. |
Ferrero UK's corporate social responsibility project, the Joy of moving programme, which has been developed and delivered through a partnership with EFL Trust for over seven years, is based on methodology which is designed to inspire children to move though play and captures the fun approach, which we know is key. The methodology was established by independent experts, including Foro Italico (Rome University) and the Italian Olympic Committee (CONI) and focuses on developing key skills in four major areas: |
* Physical fitness |
* Motor coordination |
* Cognitive functions & creativity |
* Life skills |
The Joy of moving programme is delivered within schools and consists of two elements; the Move & Learn project and Joy of moving Festivals. |
Health and Well-being |
At Sky Blues in the Community, one of our main aims is to improve the health and wellbeing of our participants. This includes improving the quality of life for individuals with mental and physical difficulties, increasing life expectancy of the older generation through sport and reducing the use of health and social services. We offer a range of programmes which target the entire population and improve the lifestyles of all members of the community. |
MEN-talk |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
MEN talk is funded for five years from Jan 2021-Dec 2026 with the aim to support 1600 men aged 25-64 across Coventry and Warwickshire with their emotional health and well-being. |
The project combines physical exercise and activities with targeted mental health workshops in a non-clinical environment. |
The mental health workshops cover various topics, including but not limited to: Understanding anxiety, depression, stress, self-compassion and the links between physical and mental health. |
The overall aim of the project is to improve men's mental health by increasing their resilience to deal with issues constructively, encouraging them to choose healthy lifestyle choices and decreasing their sense of isolation through participation in group activities. |
MEN talk initially launched in February 2021, using the platform Zoom. Since the launch of MEN talk, SBITC have been instrumental in changing and saving the lives of multiple men across Coventry and Warwickshire. |
MEN-talk is currently at the beginning of year 4 and continues to deliver sessions across Coventry, Nuneaton, and Warwickshire. In 2023 there were over 1100 attendances across MEN-talk sessions. |
At the end of 2023, SBITC partnered with CV life, Coventry City Council, and the Health Access Refugees Program to provide a MEN-talk session located at the AT7 centre in Coventry for up to twenty-five refugees each week to participate in sport and improve their mental health. |
Participant Quote: |
"I'm not exaggerating when I say MENtalk has been a lifesaver as I was really struggling and running out of options about how I was going to keep going before being introduced to this course." |
"I've gone from Zero to Hero. I can control my anxiety attacks to an extent now using the methods we were shown in the sessions on MENtalk. I've stopped taking medication because of the training I've received." |
"You've helped in so many ways. I'm not sure you realise how awesome this project is from a person to have lived with this illness for so long. Talking with you has helped to calm me down and get to a better place. This group is awesome for me. My wife wants to thank you as well as she's seen a change." |
WOMEN-talk |
WOMEN-talk is funded by the voluntary, community and social enterprise (VCSE) sector and the NHS ICB for 1 year from June 2023-Mar 2024 with the aim to support women over 18 with their physical health and mental well-being. |
The project uses the same blueprint as MEN-talk in combining physical exercise and activities with targeted mental health workshops in a non-clinical environment. |
WOMEN-talk is being delivered in across Coventry and Warwickshire (Nuneaton) delivered twice a week in 2-hour sessions. |
The overall aim of the project is to mirror the impact made by MEN-talk by giving women the same opportunity in improving mental health by increasing their resilience to deal with issues constructively, encouraging them to choose healthy lifestyle choices and decreasing their sense of isolation through participation in group activities. |
Participant Quote: |
'I feel more positive and feel like I can speak to staff about anything.' |
'It is built my confidence and strength; it has helped me in my personal life with day-to-day living. I used to struggle with opening bottles, brushing my hair, carrying a full kettle, being active at WOMEN talk has helped my physical strength to complete my activities of daily living.' |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DEMENTIA Active |
DEMENTIA Active is funded to support residents of Coventry with a diagnosis of dementia, early onset dementia and individuals with MCI (congenital or acquired mild cognitive impairments). |
DEMENTIA Active provides a safe space for participants to engage in activities that they may have enjoyed prior to receiving their diagnosis. |
While dementia is a condition that progressively worsens, engaging in activities supports participants in delaying the degeneration of their motor skills and balance. |
DEMENTIA Active also acts as a support mechanism for the family and careers of participants, who are able to socialise over hot drinks provided by SBITC and receive social support. The session also acts as rest-bite for family members and carers. The session is part staffed by SBITC and members of the dementia team at Coventry and Warwickshire NHS Partnership Trust, so we are able to provide a session that has an expert level of care. |
In the last 6 months of 2023, SBITC staff have introduced music on sessions to create a more welcoming atmosphere, team quizzes to enhance the social element of the session and more sports to become more inclusive and offer a wider variety of activities. |
At the end of 2023, Winnie the therapy dog joined the SBITC team making regular visits to the Dementia Active sessions and has been helping participants with their emotional wellbeing and those struggling with anxiety. |
Participant Quote: |
"My son is 20 and he has dementia as a result of a neurological condition, and what we've found is that there are no services in the community for him. It was so lovely to hear about DEMENTIA Active group that he could come along, where he can have a look and engage in the bits (activities) that he likes. It's amazing, he's currently playing badminton, he loves the archery. People are so supportive and engaging with him 1:1, I would really recommend anyone gives it a try." |
''Being invited to the CBS lounge by SBITC and getting the best seats to watch Coventry vs Norwich as well as being able to meet players, was one of the greatest days of my life.'' |
''We have been coming for a few months now, it is nice - he gets up on Monday and it is somewhere he can go, enjoy himself, relax. He really enjoys the badminton and people giving him 1:1 support. It is something that he really enjoys doing.'' |
''Myself and my partner who has dementia have formed many new friendships since attending Dementia Active some of whom have attended our own personal celebrations including our wedding anniversary. Meeting people who are experiencing the same struggles as yourself, really helps to build close bonds.'' |
Active Sky Blue (Exercise on Referral) |
Active Sky Blues is a 12-week program working in partnership with the Nuneaton and Bedworth PCN and is a programme funded for 1 year with the option to extend. Active Sky Blues covers six topics during its 12 weeks which include Healthy Weight, Exercise, Eating Well, Sleep and Tiredness, Smoking and Alcohol and Mental Wellbeing. |
The program is an Exercise on referral project to help benefit patients within the sixteen surgeries of the Nuneaton and Bedworth PCN. Both Self-Referrals and GP Referrals are accepted and the only criteria to refer in is that you must be 18+ and registered to 1 of the 16 surgeries within Nuneaton and Bedworth. |
The project combines both physical exercise as well as a theory presentation based on the topics mentioned above. The overall aim of the project is to help improve both men and women's lifestyles whether that be through exercise or healthy eating by designing meal plans. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
We currently run two sessions in both Nuneaton and Bedworth and are coming up to end of the Nuneaton cohort with twenty people ready to start the next cohort in Nuneaton. The Nuneaton session runs on a Thursday evening from 4-5:30pm at the CAVA Centre, Newtown Road and the Bedworth session runs on a Wednesday 11:30-1pm. The reason for the two time slots is to attract as many people as possible we can who either work shifts or would prefer sessions in the day. |
Participant Quote: |
''The sessions are helping me a lot. Even my daughter has noticed how much happier I have been the last few weeks. Meeting other people and taking part in the exercises trying to give me some motivation that I need. The theory part is brilliant too just understanding different things and sharing ideas with the group really helps.'' |
''I do like Lewis and Josh; they are good. They take the time to listen to us." I have really been enjoying the group and the physical part. I do feel that it is making me feel better about myself.'' |
''I have really enjoyed the experience so far; the coaches have been so friendly and accommodating to me and everyone involved and are always looking to push us to reach our individual goals. Also, the community-based environment that has been made with the entire process means you are with people that want to make a difference to themselves, and this makes the group feel more together.'' |
Sport and Talk for Life Skills Programme |
The Sport and Talk for Life Skills Program is a 12-week course for young people 11-18 years of age. The project is being funded by the positive direction's trauma vanguard project for 1 year, between April 2023 to March 2024, this is likely to be extended due to a later start. |
A wide variety of sports activities selected by the young people themselves will be delivered by qualified sports coaches, youth workers and mentors. The young people involved in the program will also be supported through a nationally recognised Level 1 Sports Leaders qualification and given opportunities to continue as a participant or volunteer leader in free community sports sessions that Sky Blues in the Community deliver. |
Each week young people will select what sports activities they want to participate in during the first hour of the session (this could include but is not limited to Football, basketball, badminton, tennis, volleyball, table tennis etc.). This will also include regular breaks for social interaction with Sky Blues in the Community staff and other young people. This will provide staff with an opportunity to mentor young people and provide youth work and health and wellbeing support and advice on a 1-2-1 and group level where required. During the second hour of the session young people will be supported towards completing a sports leader's qualification. Food and drink will also be provided for young people that attend. |
The Sports Leaders qualification will be used to develop the young people into confident, healthy leaders through sport and physical activity. Young people undertaking this qualification will learn and demonstrate important life skills such as effective communication and organisation whilst learning to lead basic sports and physical activities to younger people, their peers, older generations and within the community. The courses involve both guided & peer-to-peer learning and supervised leadership to ensure that learners have all the skills they need to lead basic physical activities to other people. |
Head of Community and Former Premier League Footballer, Dave Busst, said: 'Sky Blues in the Community has a commitment to making a difference within our local community. We currently run a wide range of projects in Coventry and Warwickshire, based around our four themes - inclusion, health, sport, and education. We are delighted our work has already had such a positive impact on the people we are working with. This is a fantastic opportunity for young people across Coventry and Warwickshire to learn valuable life-skills, whilst hopefully making a significant impact on their health.' |
'I have really enjoyed attending Sport and Talk, I have made some great friends and feel I have achieved something big in getting my sports leadership level 1 award. My parents have said how proud they are of me.' |
'Attending Sport and Talk with Sky Blues has helped me with my confidence in groups and being a leader. I am a big Coventry City fan, so I loved at the end of the course that I got tickets to a football game and a tour of the stadium.' |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
INCLUSION |
Premier League Kicks Programme |
Sky Blues in the Community (SBITC) Kicks programme stands as a testament to the power of football in fostering positive change within communities. This initiative, spearheaded by the Coventry City Football Club, goes beyond the pitch to address societal issues and create a lasting impact. |
Community Engagement: |
At the heart of the Kicks programme is community engagement. Through a series of football sessions, workshops, and outreach programmes, SBITC aims to connect with young people, providing them with a positive and inclusive environment to develop both sporting and life skills with the program engaging with over 1,000 unique users engaging in the program. |
Inclusivity and Diversity: |
One of the program's key strengths lies in its commitment to inclusivity and diversity. SBITC Kicks welcomes participants from all backgrounds, fostering a sense of unity that transcends cultural and socioeconomic boundaries. By embracing diversity, the programme creates a rich tapestry of experiences that contributes to personal growth and understanding. |
Skill Development: |
Beyond the thrill of scoring goals, the Kicks programme focuses on holistic skill development. Participants not only enhance their football skills but also acquire valuable life skills, such as teamwork, leadership, and communication. These skills lay the foundation for a brighter future, empowering young individuals to navigate life's challenges. |
Social Impact: |
SBITC Kicks isn't just about honing athletic abilities; it's about making a positive impact on society. By addressing issues like youth crime and anti-social behaviour, the programme becomes a catalyst for change. Through mentorship and guidance, participants are encouraged to make positive choices, ultimately contributing to safer and stronger communities. |
Building Confidence: |
For many participants, SBITC Kicks becomes a transformative experience. The sense of belonging and achievement gained through the programme boosts confidence levels, empowering individuals to pursue their aspirations both on and off the field. This newfound confidence often translates into improved academic performance and increased civic involvement. |
Community Partnerships: |
The success of the Kicks programme is amplified through strategic partnerships with local organizations and businesses. By pooling resources and expertise, SBITC maximizes its impact, ensuring that the benefits of the initiative ripple through the community. |
Conclusion: |
Sky Blues in the Community Kicks programme exemplifies the positive influence football can have beyond the stadium. Through community engagement, inclusively, skill development, and social impact, SBITC is sowing the seeds for a brighter future. As the programme continues to grow, so does the potential for positive change, one kick at a time. |
Premier League Inspires Programme |
Sky Blues in the Community Premier League Inspires Programme: Empowering Communities through Football. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Football is more than just a game; it has the power to bring people together, inspire change, and create a positive impact within communities. The Sky Blues in the Community Premier League Inspires Programme stands as a testament to the transformative potential of football beyond the pitch. Working in partnership with local schools and initiated by the Premier League and Sky Blues in the Community, the Premier League Inspires Programme aims to use the sport as a vehicle for social change, addressing various community challenges and fostering inclusivity. By leveraging the popularity of football, the program engages with local residents, especially the youth, to promote personal development, well-being, and community cohesion. |
One of the key aspects of the programme is its commitment to education. Sky Blues in the Community collaborates with schools to deliver innovative educational sessions that use football as a tool to enhance learning. From numeracy and literacy programs to workshops on teamwork and communication, the initiative strives to make education more engaging and accessible. |
Beyond the classroom, the programme focuses on physical health and well-being. Through football-related activities and training sessions, participants are encouraged to lead active lifestyles, promoting physical fitness and mental well-being. The Sky Blues in the Community team serves as role models, inspiring the next generation to embrace a healthy and active lifestyle. |
Inclusivity is another cornerstone of the Premier League Inspires Programme. By breaking down barriers and promoting diversity, the initiative creates a welcoming environment for individuals from all backgrounds. Football becomes a common ground where differences are celebrated, fostering a sense of unity within the community. |
The impact of the programme extends to social responsibility as well. Through various community projects, Sky Blues in the Community addresses local issues and contributes to positive change. Whether it's supporting local charities, organizing community clean-up events, or raising awareness about important social issues, the initiative encourages a sense of responsibility and civic engagement among participants. |
One of the notable achievements of the Sky Blues in the Community Premier League Inspires Programme is the development of life skills among the youth. By instilling values such as teamwork, leadership, and resilience through football, the programme equips young individuals with the tools they need to navigate life's challenges successfully. |
As the programme continues to evolve, it serves as a shining example of how Community Schemes across football clubs can extend their impact far beyond the stadium. The Sky Blues in the Community Premier League Inspires Programme exemplifies the potential of sport as a force for positive change, leaving an indelible mark on the hearts and minds of the communities it touches. Through the beautiful game, Sky Blues in the Community not just building football players but nurturing future leaders, advocates, and compassionate citizens. |
Step Together |
Step Together is a Home Office funded national pilot programme with local implementation led by the VRU. It seeks to connect Education, Police and Community Partners in a collaborative project designed to increase safety and reduce violent crime towards young people along designated school routes at the start and end of the school day. Using the VRU Strategic Needs Assessment along with intelligence and data from Neighbourhood Policing Units, key impact routes have been identified to focus this specific detached youth work activity. This programme aims to create frequent points of safety for young people in areas where we see an increased level of antisocial and violent activity at the end of the school day. An evaluation will be conducted by an independent evaluation partner to explore whether the programme can achieve its aims. We aim to continue to build relationships in the local area with students, members of the public and local businesses, we do this by positively engaging with each party and getting them to understand and be ethical towards one another through voicing their thoughts. We continue to work face to face as we have worked within the targeted area for many years and have continued to build public relations across the community and being well respected. |
Sky Blues in the community work with other organisations who also specialise in detached youth work as part of a consortium. If you see any of our team either on the City Centre Routes or Wood End, Henley Green & Manor Park, Potters Green (WEHMP) route in our distinctive uniform feel free to say hello. |
Disability |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Our disability programme which offers a chance for young people with disabilities to represent Coventry City FC in a league across a variety of sports. |
Using the reach of Coventry City FC, this project gives children who often get over-looked in the competitive sporting community a feeling of belonging. School coaching, Holiday camps and football teams have all been created. Not only do we offer opportunities to children across the city but also respite to parents of SEN children who provide 24-hour support to their loved ones. Parents feel at ease when dropping their children off at a session - knowing that they are in professional, compassionate, and trustworthy hands. |
Cyrille Regis Legacy Trust |
2023 saw Sky Blues in the Community continue to be being part of the Cyrille Regis 'The Strike A Change programme' the programme is the inaugural initiative of the Cyrille Regis Legacy Trust, set up by members of Cyrille's family to continue the community projects close to his heart, particularly the mentoring of youngsters from a difficult life environment, which was a central part of his life. Strike A Change is a collaboration between the Cyrille Regis Legacy Trust and the charitable foundations at Coventry City, West Bromwich Albion, Aston Villa, Wolverhampton Wanderers, Birmingham City and Walsall. Aimed at 14-15-year-olds who demonstrate a passion for football but are disengaged within their school or community. |
FOOTBALL DEVELOPMENT |
We currently operate out of 2 facilities at President Kennedy School and Blue Coat School. We take all bookings and look after invoices using a new platform called Sport Key. This has made it a lot easier for our partners to book the facilities and really improved our service. |
President Kennedy School |
It has been a great year at our home at President Kennedy School. The classroom in the pavilion has been used for our staff CPD events throughout the year as well as holding several FA CPD events and referee courses. It is used daily to run our Premier League Inspires project. We open the social room on an evening and weekend and have 10 volunteers who run the kitchen to provide refreshments to our customers as well as bringing in unrestricted money to SBITC. The 3G pitch is almost at capacity with sessions from our Player Development Centres, Disability, Premier League Kicks, Girls Emerging Talent Centre as well as our partner Clubs Coventry Phoenix and Coventry City Woman and Girls. At weekends we open on Saturday and Sundays and will regular hold 15+ grass root matches as well as host our Children Birthday Parties. |
Blue Coat School |
The venue changed all its lighting over the summer of 2023 to LED which has improved the facility. Booking have been very good, and we have several partners who use the facility such as Coundon Courts Girls, Panjab Athletic, Dunlop FC, Coventry Warriors, Coventry Triumph & Coventry Phoenix. We also use the venue to host some of our PDC training, run all our GK clinics, Premier League Kicks, and our new Girls Player Development Centres. We have had several issues around weekend bookings due to the car park situation. The Charter House has taken half the car park for its renovations meaning when Blue Coat theatre has events on its very difficult for Football traffic as well. We have worked around this to make sure we can keep football events on at weekends and host games. The 3G pitch is now 14 years old and has roughly 18 months left on the FA system. 2024 will be a big year to work with the school to make plans to hopefully have this resurfaced. |
Player Development Centres |
Our PDC programme provides an opportunity for young players between the age group of U6-U18 age to benefit from advanced football coaching delivered by FA level 2 & 3 coaches. The project aims to encourage all players, no matter their ability, to reach their full potential. |
In 2023, we have registered over 600 players into our PDC player pathway. We have 34 league teams, plus over 30 development groups who train weekly. On an average Saturday we will have over 400 players taking part in games which is fantastic. The programme gives children the opportunity to get noticed at a professional level as well as giving less confident/able players the ability to develop. We are proud that over 60 players from PDC have had trials to the Coventry City Academy, with 5 being offered scholarships in 2023. This takes us to over 160 players signing academy contracts since we set the PDC initiative up. |
Girls Emerging Talent Centre (ETC) |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
At the start of 2023 we launched a brand-new project. Part funded by the FA there are now 70+ ETC with the plan for every female player in England to have access to one within an hour of where they live. We launched this in February 2023 and had 60 places for girls from U9 to U14. We had over 100 attend the trial sessions so this sold out in week one and we have had great feedback. We ran trails for year 2 over the summer and doubled our numbers so we now have 120 girls from U9 to U16 that attend. These train on a Friday night with our UEFA B qualified coaches and play a minimum of 6 games through the season mainly at evenings and weekends. |
Girls Player Development Centre (GPDC) |
On the back of the success of our ETC we launched our GPDC which is for players who didn't initially get offered a place in our ETC centre which started in October 2023. These work at same times and evenings but at Blue Coat School which means if ever girls move between centres should be a smooth transition. We already have over 50 girls attend on a weekly basis and plan to grow this to 80 during 2024. |
Children Birthday Parties |
In 2023 we launched Children Birthday Parties. With limited promotion so far, these have already proved to be a massive success. The children have the option of 3 different packages to suit their needs. Our World Cup and most popular party sees the players attend President Kennedy School to do a FUN based football session / games with our FA Qualified coaches and then have access to the pavilion to enjoy their party food. In addition, they get a signed CCFC Football, a birthday card signed by their favourite player, a message in the CCFC match day programme, medals for all participants and a trophy. Not forgetting the highlight of meeting Sky Blue Sam who regularly joining in the football fun on pitch as well as enjoys having their photo taken with the players. Majority of these parties take place over the weekend on a Saturday and Sunday afternoon and finding suitable party hosts to work these times have proven a challenge, but we now have 4 party hosts so see these taking off even more in 2024. |
Football Tournaments |
We also launched Football Tournaments in 2023. We ran some winter ones in January and then summer ones in August. These proved to be a huge success with great feedback from all participating teams. We now have a blueprint and will look to run more of these in 2024. |
1-2-1 sessions |
With a demand for 1-2-1 football sessions, we launched our own offer. Players get to use the best facilities at PKS School as well as have access to our target nets, mannequins, speed ladders and our ball launcher. Difficulty has been getting staff available for times we offer these which is 5.000-6.00pm Monday to Friday. There is room to grow these sessions in 2024. |
Saturday Club |
Our Saturday Club is a FUN introduction to football based at the Alan Higgs Sports Centre. It is open to boys and girls from Key Stage 1 & 2. It has been a difficult year with the Alan Higgs Centre shutting the indoor dome for 4 months for refurbishment. We relocated to Corpus Christ Primary School on the outdoor 3G but had to reduce number to 32 per session as a smaller venue. We have managed to maintain good numbers though with over 50+ attending on a weekly basis. |
Social / Walking Football |
We have 6 sessions per week. 3 of these are daytime sessions aimed at Over 50's. We have two evening-based sessions which are open age group and we run one session per week to support participants that are going through or been through cancer. This has continued to go from strength to strength and we regularly have over 120 participants per week. |
Financial review |
Financial review |
The charity generated a surplus of £88,514 (2022: £168,257) in the financial year. At the year end, the charity has restricted reserves of £265,500 and unrestricted reserves of £685,491. The cash at bank balance has increased from £932,214 in 2022 to £1,033,576 in 2023. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRATEGIC REPORT |
Financial review |
Principal funding |
As always, the charity is extremely grateful for the funding we receive from several organisations that allow us to deliver our work. During 2023, those funders included: |
• BBC Children in Need |
• Big Lottery Fund (Reaching Communities) |
• Birmingham County FA |
• Coventry City FC |
• Coventry City Council |
• CSW Sport |
• Coventry and Warwickshire Partnership trust |
• English Football league |
• English Football league Trust |
• European Social Fund (and Big Lottery Fund) |
• Ferrero |
• Football Foundation |
• Sharp Business Solutions |
• Mind |
• Moat House Community Trust |
• NCS |
• NHS Coventry |
• Nuneaton and Bedworth PCN |
• Oaks Consultancy |
• Public Health Coventry |
• Sport England |
• The PFA |
• The Football Association |
• The Premier League Charitable Fund |
• The Premier League, including Facilities fund |
• Think Active |
• West Midlands Police-VRU |
Once again, grant funding and commissioning has supported the range and diversity of our charitable activities taking place across Coventry and Warwickshire and is having a significant impact on the lives of many residents of all ages. |
Reserves policy |
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months staff costs and when achieved lead on to a six-month full cost recovery model. |
The trustees consider that reserves at this level will ensure that, in the event of a significant drop income, they will be able to continue the charity's current activities whilst consideration is given to ways in which additional funds may be raised. |
Going concern |
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operation existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. |
Principal risks and uncertainties |
The principal risk faced by the charity is the potential loss of funding and decrease in numbers for paid for activities. However, continued partnership working has seen us cement 17 new funding opportunities alongside the increased participation in 2019 for our paid for services. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRATEGIC REPORT |
Organisational Changes |
The financial implications for the charity with grants coming to an end has been minimised, primarily through the Trustees/Head of Community maintaining a financial risk register and subsequently identifying and accessing new funds to continue the breadth of work undertaken by the charity. |
A. Financial Risks |
Every year, the organisation will undertake a financial risk review which considers the following: |
* Operational Risks that may negatively influence financial performance |
* A review of financial policies and procedures (as outlined within the Financial Regulations Manual) |
* Funding risk register (twice-yearly) to identify risks associated with grant fundraising streams and steps to mitigate those risks |
The financial risk review forms part of the wider charity risk management process, which is monitored through an Organisational Risk Register. This document is designed around the Charity Commission best practice guidance on managing risk within charities and is managed, monitored and reviewed by the Directors, with Risk being a standard agenda item at each trustee meeting. |
B. Governance and Leadership |
The Head of Community is accountable to the Board of Trustees that meets as a minimum on a quarterly basis (minimum total of four meetings plus AGM each year). Trustees come from a variety of sport, business, marketing, and community backgrounds, providing a varied skill set to assist the organisations management. |
As well as accountability to the Board of Trustees, every year we go through an assessment by the English Football League Trust and Premier League Charitable Fund called 'CCOP-Capability Code of Practice'. This specification sets out the required standards across 14 key areas. |
The process identifies where our organisation is meeting minimum standards and where we are working towards achieving excellence. The minimum standards have been drawn from existing government guidance, the Charity Commission, industry best practice and Premier League requirements. In some cases, existing guidance has been tailored to the specific context of football club community organisations. |
C. Quality and Impact |
We have a strong commitment to quality across all areas of our organization - including in the way that we are run and in our project delivery. We are often asked to be part of working groups to support the ongoing development of projects - particularly those within the Club Community Organisation (CCO) network. |
We have clear hard and soft outcomes identified for each of our projects and activities, as well as a range of tools and resources that allow us to demonstrate the benefit of our work. These tools are a combination of those that we developed internally, adopted academic methodologies, or established health and education industry frame works. (See 2018 Impact Report) |
D. Public Benefit |
The Trustees have each received the Charity Commissions guidelines on public benefit and this forms part of the induction pack for new Trustees. |
The charity uses the brand of Coventry City Football Club to help achieve its mission of helping people to take part in a physically active, healthy and informed lifestyle, whilst providing an environment that encourages learning, personal development and personal achievement. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRATEGIC REPORT |
Plans for future periods |
Future Developments |
In 2023 Sky Blues in the Community worked with Oaks Consultancy on the development of their new strategic plan for 2024-2027. As part of this process, it was important when developing our new strategic plan that we were insight-led and really understood the communities which will be positively impacted by the work we do. We wanted to be confident that we fully understood the landscape that we were operating in, so that we could offer the best solutions possible to our communities. Over several months we consulted with a range of stakeholders including our workforce, partners, parent club and beneficiaries. This was then analysed alongside local research and data and means we now understand the role we need to play over the next three years. |
Following the wide range of consultation and analysis that we undertook; we are incredibly proud to launch our new Making a Difference Strategic Plan for 2024-2027. |
Vision: |
"A prosperous and vibrant Coventry and Warwickshire, where every individual can achieve their fullest potential, leading to healthier and happier lives." |
Mission: |
"We are committed to harnessing the power of sport and utilising Coventry City Football Club's unique influence and appeal to develop and deliver high-quality community programmes, forming strategic alliances that empower the people of Coventry and Warwickshire. By providing meaningful opportunities for improved health and wellbeing, enhanced social inclusion, reduced crime involvement, and expanded access to education and training, we will #MakeADifference in our city and county." |
Values: |
* Ambitious |
* Innovative |
* Passionate |
* Community Focused |
* Honest |
Enablers |
* Excellent service delivery |
* Generate income and investment. |
* High quality Impact measurement and demonstration |
* Exemplary Structure and governance |
* Progressive workforce development |
* Collaboration with stakeholders |
* Powerful and inspiring Marketing and promotion |
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. |
Charity constitution |
The charity is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 9 July 2008. The charity is registered under the charity number 1127014. |
The principal object of the charity is to benefit the inhabitants of Coventry and the surrounding area by promoting community participation in healthy recreation by providing facilities in for the playing of association football and other sports capable of improving health and education. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Method of appointment or election of new trustees |
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Articles of Association. |
New Trustees our recruitment at the invitation of the current trustees and are appointed as trustees when such appointment t has been approved by all the existing Trustees. The number of Trustees shall be not less than Five and Maximum of 12 as per a resolution approved by the trustees and Charity Commission in Nov 2018. |
Organisational structure and decision making |
The Board of Trustees are the ultimate control in the party of the charity, but they have delegated responsibility for the day-to-day management of the charity to the Head of Community supported by BDM and 4 theme managers. |
In 2022, after the introduction of the organisational risk register in 2016, the risk registers outlines: several areas of risk, how these will be mitigated and managed, as well as the staff and trustees' responsibilities. The subject of risk is now a standard agenda item at trustee meetings with the risk register, including financial risk, being reviewed, and updated every six months. |
Policies adopted for the induction and training of Trustees |
Newly appointment Trustees are provided with a thorough introduction via a trustee's handbook to the workings of the charity and are provided with all necessary information which will enable them to properly fulfil their role as Trustees (see Trustee Handbook). |
Risk management |
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, which again are reviewed every six months, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. |
In order to meet our obligations under the Charities Act 2011, we must submit full accounts the Charity Commission within ten months of the end of our financial year. This deadline has been met for each of our annual submission to the commission. |
Our Financial Regulations Manual identifies the role all staff have in effectively managing day to day finances, as well as outlining process such as cash handling, monthly banking, invoice processes, online banking etc. This ensures a consistent approach to our physical dealings with money and clear financial procedure. |
In terms of budgetary management, we have an overall organisational budget completed on an annual basis. Each of our senior management team are given a budget for their area of work, with financial targets included in the relevant staff personal objectives. |
We have external accountants (Askews) who produce monthly management reports to assess the financial risk of the charity which allows Theme managers to report on any variances between budget and actual. |
We have appointed part-time finance co-ordinator that oversees the inputting of all information into SAGE software accounting, allowing us to accurately monitor our income and expenditure, and performance against budgets for our different areas of work. Responsibility and accountability for monitoring and managing budgets sits with our senior management team and financial targets and reporting on budgets forms part of our appraisal, 1:1 supervision Framework and quarterly reporting mechanisms. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Registered office |
Trustees |
Auditors |
Statutory Auditors |
2 Manor Square |
Solihull |
West Midlands |
B91 3PX |
Bankers |
The Co-operative Bank |
1 Balloon Street |
Manchester |
M60 1GP |
Ulster Bank Ltd |
5 Nutley Grove |
Carlow |
Co. Kilkenny |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Sky Blues in the Community for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to |
- | select suitable accounting policies and then apply them consistently; |
- | observe the methods and principles in the Charity SORP; |
- | make judgements and estimates that are reasonable and prudent; |
- | state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued |
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
In so far as the trustees are aware: |
- | there is no relevant audit information of which the charitable company's auditors are unaware; and |
- | the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. |
AUDITORS |
The auditors, Flint & Thompson, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
SKY BLUES IN THE COMMUNITY |
Opinion |
We have audited the financial statements of Sky Blues in the Community (the 'charitable company') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. |
Other information |
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Report of the Trustees has been prepared in accordance with applicable legal requirements. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
SKY BLUES IN THE COMMUNITY |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. |
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. |
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: |
• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• the financial statements are not in agreement with the accounting records and returns; or |
• certain disclosures of trustees' remuneration specified by law are not made; or |
• we have not received all the information and explanations we require for our audit; or |
• the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report. |
Responsibilities of trustees |
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
SKY BLUES IN THE COMMUNITY |
Our responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
The auditor’s assessment of the susceptibility of the entity’s financial statements to material misstatement, including how |
fraud might occur Which laws and regulations the auditor identified as being of significance in the context of the entity |
How the auditor obtained an understanding of: The legal and regulatory framework applicable to the entity and how the |
entity is complying The entity’s policies and procedures on compliance with laws and regulations, including |
documentation of any instances of non-compliance The entity’s policies and procedures on fraud risks, including |
knowledge of any actual, suspected or alleged fraud. |
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional |
scepticism throughout the audit. We also: |
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design |
and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to |
provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for |
one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the |
override of internal control. |
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate |
in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. |
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related |
disclosures made by the trustees. |
• Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit |
evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt |
on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required |
to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are |
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our |
auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern. |
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and |
whether the financial statements represent the underlying transactions and events in a manner that achieves fair |
presentation. |
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of |
the audit and significant audit findings, including any significant deficiencies in internal control that we identify during |
our audit. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
SKY BLUES IN THE COMMUNITY |
Use of our report |
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Statutory Auditors |
Solihull |
West Midlands |
B91 3PX |
SKY BLUES IN THE COMMUNITY |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 4 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 862,477 |
SKY BLUES IN THE COMMUNITY (REGISTERED NUMBER: 06642112) |
BALANCE SHEET |
31 DECEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 |
CURRENT ASSETS |
Debtors | 12 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 617,977 |
Restricted funds | 244,500 |
TOTAL FUNDS | 862,477 |
The financial statements were approved by the Board of Trustees and authorised for issue on |
SKY BLUES IN THE COMMUNITY |
CASH FLOW STATEMENT |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 92,138 | 156,757 |
Net cash provided by operating activities | 92,138 | 156,757 |
Cash flows from investing activities |
Purchase of tangible fixed assets | - | (21,418 | ) |
Interest received | 9,224 | 741 |
Net cash provided by/(used in) investing activities | 9,224 | (20,677 | ) |
Change in cash and cash equivalents in the reporting period |
101,362 |
136,080 |
Cash and cash equivalents at the beginning of the reporting period |
932,214 |
796,134 |
Cash and cash equivalents at the end of the reporting period |
1,033,576 |
932,214 |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE CASH FLOW STATEMENT |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
2023 | 2022 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
88,514 |
168,257 |
Adjustments for: |
Depreciation charges | 5,669 | 4,563 |
Loss on disposal of fixed assets | - | 7,565 |
Interest received | (9,224 | ) | (741 | ) |
Decrease in stocks | - | 4,965 |
Decrease/(increase) in debtors | 1,819 | (40,946 | ) |
Increase in creditors | 5,360 | 13,094 |
Net cash provided by operations | 92,138 | 156,757 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1/1/23 | Cash flow | At 31/12/23 |
£ | £ | £ |
Net cash |
Cash at bank | 932,214 | 101,362 | 1,033,576 |
932,214 | 101,362 | 1,033,576 |
Total | 932,214 | 101,362 | 1,033,576 |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 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. The financial statements have been prepared under the historical cost convention. |
The financial statements are prepared in sterling, which is the functional currency of the entity. Figures are rounded to the nearest £. |
Accounting judgements and key sources of estimation uncertainty |
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Incoming resources |
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: |
* Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. |
* Legacy income is recognised when receipt is probable and entitlement is established. |
* Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. |
* Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. |
Resources expended |
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: |
* Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. |
* Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. |
* Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Resources expended |
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Computer equipment | - |
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. |
Impairment of fixed assets |
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. |
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. |
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units. |
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. |
Defined contribution plans |
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | ACCOUNTING POLICIES - continued |
Defined contribution plans |
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises. |
Going concern |
There are no material uncertainties about the charity's ability to continue. |
Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. |
Debt instruments are subsequently measured at amortised cost. |
Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. |
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). |
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. |
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. |
Operating leases |
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis. |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
3. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Deposit account interest |
4. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Commission | Activities within the Community | 2,411 | 2,245 |
5. | EXPENDITURE ON CHARITABLE ACTIVITIES |
Support |
Direct | costs (see |
Costs | note 6) | Totals |
£ | £ | £ |
Activities within the Community | 1,358,464 | - | 1,358,464 |
Support costs on charitable activities | - | 134,074 | 134,074 |
1,358,464 | 134,074 | 1,492,538 |
6. | SUPPORT COSTS |
Governance |
Other | costs | Totals |
£ | £ | £ |
Support costs on charitable activities | 119,738 | 14,336 | 134,074 |
Support costs, included in the above, are as follows: |
Other |
2023 | 2022 |
Support |
costs on |
charitable | Total |
activities | activities |
£ | £ |
Insurance | 714 | - |
Light and heat | 3,518 | 3,518 |
Telephone | 2,333 | 1,758 |
Rent and service charges | 14,625 | 14,563 |
Repairs and maintenance | 13,806 | 277 |
Advertising | 3,773 | 2,872 |
Carried forward | 38,769 | 22,988 |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
6. | SUPPORT COSTS - continued |
Other - continued |
2023 | 2022 |
Support |
costs on |
charitable | Total |
activities | activities |
£ | £ |
Brought forward | 38,769 | 22,988 |
Legal and professional fees | 36,181 | 43,800 |
Other office expenses | 39,119 | 33,698 |
Depreciation of tangible fixed assets | 5,669 | 4,562 |
Loss on sale of tangible fixed assets | - | 7,565 |
119,738 | 112,613 |
Governance costs |
2023 | 2022 |
Support |
costs on |
charitable | Total |
activities | activities |
£ | £ |
Accountancy fees | 10,736 | 8,726 |
Audit fees | 3,600 | 3,000 |
14,336 | 11,726 |
7. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
8. | TRUSTEES' REMUNERATION AND BENEFITS |
The remuneration for trustee and key personnel amounted to £78,115 (2022: £72,511) |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
9. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
921,338 | 772,545 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Salaried | 27 | 25 |
Casual | 39 | 34 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |
2023 | 2022 |
£70,001 - £80,000 |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Investment income |
Total |
EXPENDITURE ON |
Charitable activities |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 573,220 | 121,000 |
TOTAL FUNDS CARRIED FORWARD | 617,977 | 244,500 | 862,477 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2023 and 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Wages creditor | ( |
) |
Pension creditor | 3,787 | - |
Other creditors | - | 4,784 |
Accruals |
Deferred Income | 82,717 | 104,816 |
LEGAL CHARGE ON GRANT |
There is a security in respect of a legal charge for the Football Foundation over the leasehold property at President Kennedy School and Community College, Coventry. The charge includes any buildings, facilities and equipment thereon including a negative pledge in respect of these assets. The property includes the pitch, floodlighting and Pavillions. |
14. | OPERATING LEASE COMMITMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
During 2022 a new lease to underlet part of President Kennedy School has been entered info for a period of 25 years. There will be no rent payable but it has been agreed hat they are to maintain the upkeep for the duration of he term, including covering all the costs. |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
15. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1/1/23 | in funds | funds | 31/12/23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 617,977 | 67,514 | (180,000 | ) | 505,491 |
Designated fund | - | - | 180,000 | 180,000 |
67,514 |
Restricted funds |
Facilities fund | 140,000 | - | 62,500 | 202,500 |
Sinking fund - PKS 3G | 30,000 | - | 15,000 | 45,000 |
Sinking funs - PKS Pavilion | 12,000 | - | 6,000 | 18,000 |
Sinking fund - Blue Coats | 62,500 | - | (62,500 | ) | - |
Other restricted funds | - | 21,000 | (21,000 | ) | - |
21,000 |
TOTAL FUNDS | 88,514 | 950,991 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 770,395 | (702,881 | ) | 67,514 |
Restricted funds |
Other restricted funds | 810,657 | (789,657 | ) | 21,000 |
TOTAL FUNDS | ( |
) | 88,514 |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
15. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1/1/22 | in funds | funds | 31/12/22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 573,220 | 44,757 | - | 617,977 |
Restricted funds |
Facilities fund | 50,000 | - | 90,000 | 140,000 |
Sinking fund - PKS 3G | 15,000 | - | 15,000 | 30,000 |
Sinking funs - PKS Pavilion | 6,000 | - | 6,000 | 12,000 |
Sinking fund - Blue Coats | 50,000 | - | 12,500 | 62,500 |
Other restricted funds | - | 123,500 | (123,500 | ) | - |
121,000 | 123,500 | - | 244,500 |
TOTAL FUNDS | 694,220 | 168,257 | - | 862,477 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 573,849 | (529,092 | ) | 44,757 |
Restricted funds |
Other restricted funds | 893,302 | (769,802 | ) | 123,500 |
TOTAL FUNDS | 1,467,151 | (1,298,894 | ) | 168,257 |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
15. | 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 1/1/22 | in funds | funds | 31/12/23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 573,220 | 112,271 | (180,000 | ) | 505,491 |
Designated fund | - | - | 180,000 | 180,000 |
573,220 | 112,271 | - | 685,491 |
Restricted funds |
Facilities fund | 50,000 | - | 152,500 | 202,500 |
Sinking fund - PKS 3G | 15,000 | - | 30,000 | 45,000 |
Sinking funs - PKS Pavilion | 6,000 | - | 12,000 | 18,000 |
Sinking fund - Blue Coats | 50,000 | - | (50,000 | ) | - |
Other restricted funds | - | 144,500 | (144,500 | ) | - |
121,000 | 144,500 | - | 265,500 |
TOTAL FUNDS | 694,220 | 256,771 | - | 950,991 |
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 | 1,344,244 | (1,231,973 | ) | 112,271 |
Restricted funds |
Other restricted funds | 1,703,959 | (1,559,459 | ) | 144,500 |
TOTAL FUNDS | 3,048,203 | (2,791,432 | ) | 256,771 |
SKY BLUES IN THE COMMUNITY |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
16. | EMPLOYEE BENEFIT OBLIGATIONS |
Defined contribution plans |
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £19,389, (2022: £14,733) |
17. | RELATED PARTY DISCLOSURES |
There were no related party transactions for the year ended 31 December 2023, (2022: £NIL) |
18. | LIMITED BY GUARANTEE |
The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. |