Charity registration number 1163911
Company registration number 09411676 (England and Wales)
AFC FYLDE COMMUNITY FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
AFC FYLDE COMMUNITY FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr R Lancaster
Mr M Threlfall
Ms LA Calland
Mr C Brammall
Mr D Edmundson
Mr T Fitzpatrick
Mrs G Byrne
(Appointed 29 June 2023)
Mrs K Jackson
(Appointed 15 December 2023)
Charity number
1163911
Company number
09411676
Registered office
Fylde Sports and Education Centre
Coronation Way
Wesham
Preston
England
Lancashire
PR4 3JZ
Independent examiner
David Evans FCA
Bishops
1 Croft Court, Plumpton Close
Whitehills Business Park
Blackpool
FY4 5PR
AFC FYLDE COMMUNITY FOUNDATION
CONTENTS
Page
Trustees' report
1 - 6
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Statement of cash flows
10
Notes to the financial statements
11 - 16
AFC FYLDE COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MAY 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 May 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Companies Act 2006 and "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)".

 

Introduction

AFC Fylde Community Foundation was established as a charity in 2015 and now employs over 20 staff who deliver community-based activities and services across the Borough of Fylde. These services impact over 7,500 people each year.

 

The charity's objects are for the public benefit and are specifically restricted to the following:

 

There has been no change in these during the year.

 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Objectives and activities

 

Our Mission

 

To work with AFC Fylde and local organisations to use the brand of football and the power of sport to engage, empower, and enable the Fylde population to fulfill their potential and thrive.

 

Our Values

 

Collaborative in all we do

Inclusive and Diverse in our approach

Innovative in our actions

Supportive of our team

Ethical and Transparent

Environmentally Sustainable

 

Our Aim

 

To engage all members of the Fylde community, enabling them to make a positive difference to their lives and addressing the inequalities that exist across our communities.

 

As a charity AFC Fylde Community Foundation is committed to measuring the impact of the work it undertakes and for a full copy of the 2023 Impact Report please click here:

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AFC FYLDE COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
Achievements and performance

Between June 2023 and May 2024 AFC Fylde Community Foundation was able to support over 7,500 people across the Borough.

The Foundation had another successful year in serving the local community and increased both the services provided and overall footprint across Fylde. These included new programmes for Armed Forces families, sports development opportunities, an apprenticeship programme, work readiness support and activities to combat localised anti-social behaviour.

 

AFC FYLDE COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -

The key projects delivered by the Foundation during 2023/24 include:

 

Employability, Education and Skills

Fylde Focus (19+)

The Foundation continued their highly successful locally recognised ‘Fylde Focus’ employability programme, to support people aged 19+ who are economically inactive.  

Building on existing knowledge and previous experience of Foundation staff, in addition to the existing relationships in place with local partners across all sectors, the Foundation recruited economically inactive participants aged 19+, provided mentoring support and find them suitable exit routes into employment, education or training.

Fylde Focus (16-18)

The Foundation expanded on their existing ‘Fylde Focus’ programme to support NEET young people living in the Borough of Fylde to find positive outcomes. Support is given via one-to-one, online and group peer mentoring.

Training Ground

The Foundation delivered the work readiness programme to support unemployed and economically inactive people who are: 

The programme will support those who are furthest from the workplace, who have not been in employment, education, or training for at least 6 months and face significant barriers. These include but are not limited to disability, mental health issues, low education attainment, homelessness, care leavers, carers, a criminal record, and low aspirations.  

Multiply

The programme supports adults over the age of 19 who do not have a maths GCSE at grade C (or equivalent), by providing access to free numeracy courses to build confidence with numbers and gain a Functional Skills Qualification. 

The Foundation offer a flexible approach to learning through a range of activities including one to one support, group mentoring and distance learning allowing individuals to learn at their own pace.  

Apprenticeship Programme

Apprenticeships are an ever-popular option for people to earn while they learn and are a vital entry route to gaining the skills and experience required in the workplace. Through the project, participants get hands-on, real-life experience, learning on the job while securing an affordable and effective route into a career.

The programme allows the Foundation to continue to their mission to empower residents, working with local businesses and building on existing relationships to support unemployed people into apprenticeships. Mentoring and one on one support will be provided for participants and information on apprenticeship routes will also be provided for Year 11 students. This will help ensure they have the information to make informed decisions on their future.

AFC FYLDE COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -

Schools Services and Developmental Pathways

School Based Activities

The Foundation works in partnership with local schools to deliver specialist sport provision. Staff deliver the PE curriculum to children in all age groups ensuring the provision is in line with Ofsted requirements. Staff also provide fun and enjoyable sessions for children at breakfast, lunch and after-school.

Our schools’ provision is not just an enjoyable experience for the children, but it provides them with capabilities, coping mechanisms and emotional skills that develop them as individuals. Our service delivery is a pre-cursor for improving both physical and mental health amongst children and young people.

Early Years Activities

Working alongside local nurseries/early years settings the Foundation delivers a range of sports sessions for children aged between 2-4 years to improve their physical literacy. All sessions are designed in line with the Early Years Foundation Stage (EYFS) Framework enabling the children to learn and develop in a fun environment whilst preparing them for school.

Holiday Camps and Activity Clubs

The Foundation deliver both football and multi-sport camps at various locations within Fylde. Our Camps and Clubs support children and young people aged between 5 and 14. The camps are kept affordable for parents and carers, whilst ensuring excellent service delivery in a safe environment.

Holiday Activities and Food (HAF) Programme

The HAF programme is funded by the Department for Education, giving children in England who are eligible for free school meals the opportunity to take part in fun, enriching, school holiday activities. The HAF programme is delivered alongside the Foundation's existing holiday activities in partnership with Fylde Council to ensure that no child should go without during breaks from school.

Football Development Centres

The Development Centres are delivered by qualified coaches in the evenings and weekends, providing children aged 2-14 to learn key developmental skills and providing them with the physical skills to maintain physically active lifestyles.

Another aim of our Development Centres is to pathway as many children as possible into local grassroots sports teams, where they can further develop what they learn at the Foundation. The Centres aim to work in collaboration with local teams, and not in competition.

Community Development

Armed Forces Community Support

In partnership with the Veterans' Foundation and BAE Systems, the Foundation are proud to support any current or ex-service personnel, including families and support networks. Many are struggling to adapt to civilian life once they leave the forces and the Foundation’s bespoke mentoring service supports individuals with a range of challenges they may be facing. The Foundation team work closely with the key stakeholders to ensure a greater community cohesion, access to opportunities, and providing high levels of personal development to beneficiaries.

Fylde Loneliness Prevention Programme

In response to the increased numbers of older people across Fylde experiencing social isolation and loneliness, the Foundation delivers a one-to-one support programme to help them reintegrate back into their community and support their personal development. The programme is funded by The National Lottery Reaching Communities Fund.

Champions

The Foundation works in partnership with Lancashire Constabulary to deliver an intervention-based programme aimed at reducing re-offending. It aims to divert young people and young adults aged 10 - 25 years away from crime. Working as part of the Violence Reduction Unit (VRU) specialist coaches from community clubs engage young adults during their detention in police custody and young people from the local community identified as being or at risk of being involved in crime.

AFC FYLDE COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -

Just Join In

In partnership with BBC Children in Need, ‘Just Join In’ provides the opportunity to young people with disabilities aged between 6 - 18 years, to take part in free weekly sports activities to improve their physical and emotional health as well as create and maintain positive relationships with their peers and other adults.

Football Welcomes

The Foundation's Football Welcomes project offers weekly sports activities free of charge at Fylde Sports and Education Centre for refugees and asylum seekers residing in Fylde. The project helps participants to settle into the local community and culture, make new friends, learn the language, and feel a part of the local area.

Rehab Football

Foundation staff have been supporting those using local NHS Rehabilitation Units by way of delivering football sessions at Mill Farm. These sessions are designed to develop beneficiaries’ confidence, health and wellbeing.

Detached

In partnership with Lancashire County Council, Foundation staff take to their feet to patrol St. Annes and Kirkham town centres, identifying actual or potential anti-social behaviour. Staff use their mentoring skills to engage with the young people and in many cases signpost them to more positive activities and services within the Foundation or our connected stakeholders.

Fans of the Future

In direct partnership with AFC Fylde, the Foundation proudly deliver exceptional match day experiences for children aged 6-11. These one-off experiences are delivered free of charge to the families and look to develop long lasting relationships and pathways of support to them. Each home fixture sees up to 25 children join for a training session on the 4G pitches, meet and greet with First Team players and receive a special goody bag, conduct a stadium tour including a rare look into the players’ changing rooms, and then watch the AFC Fylde team in action alongside their friends and guardian.

Financial review

The 2023/24 financial year was a positive period, allowing us to produce a small surplus.

 

Income for the full year was £698,986 (2022/23: £742,908) while expenditure for the period was £678,986 (2022/23: £667,882) which resulted in a surplus of £20,000 (2022/23: surplus of £75,026).

 

Based on the figures to 31st May 2024, the Foundation’s cash reserves amounts to £211,736 which does not yet meet the target of a minimum of six months operating costs, however Trustees are committed to working towards this

 

 

Reserves Policy

The Trustees have considered the Charity’s policy in respect of reserves. The Trustees have set a target of retaining at least six months of total expenditure (excluding depreciation) in cash reserves to provide financial security to the Charity in the event of unforeseen reductions in available funding which may arise from time-to-time. Based on the figures to 31st May 2024, this amounts to approximately £339,493 (2023: £333,941). The balance held at the end of the year of £211,736 (2023: £191,736) does not yet meet this target, however, the Trustees are committed to continue to work towards this.

The surplus for the year of £20,000 (2023: £75,026) was transferred to reserves and added to the brought forward surplus of £191,736 (2023: £116,710). The total funds carried forward of £211,736 (2023: £191,736) will be used in future years to meet the objectives of the charity, whilst having due consideration to meeting the stated reserves target above at the discretion of the Trustees.

 

 

 

AFC FYLDE COMMUNITY FOUNDATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr R Lancaster
Mr M Threlfall
Ms LA Calland
Mr C Brammall
Mr D Edmundson
Mr T Fitzpatrick
Mrs G Byrne
(Appointed 29 June 2023)
Mrs K Jackson
(Appointed 15 December 2023)

New trustees are recruited and appointed by the existing trustees as required. They are selected for their respective knowledge, abilities and interests in the objects of the Foundation. Due to the nature of the work undertaken by the Foundation it is relevant and appropriate to appoint trustees from a range of backgrounds.

 

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

There shall be a minimum of 3 trustees but there shall be no maximum number. The trustees must hold at least 2 meetings per year at which the quorum is at least 2 or one third of the trustees in office, whichever is greater.

New trustees will be introduced to the aims and objectives of the charity by existing trustees and will be guided in the rights and duties of a trustee by reference to such training material and information is available from, in particular, The Charity Commission.

 

The day to day management of the Charity is undertaken by the Foundation Director and the Assistant Foundation Director who are supported by the senior management team. This is overseen by the Board of Trustees, which is Chaired by Dave Edmundson.

 

The trustees' report was approved by the Board of Trustees.

Mr D Edmundson
Trustee
21 February 2025
AFC FYLDE COMMUNITY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AFC FYLDE COMMUNITY FOUNDATION
- 7 -

I report to the trustees on my examination of the financial statements of AFC Fylde Community Foundation (the charity) for the year ended 31 May 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of 2, which is one of the listed bodies.

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 that in any material respect:

1

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

David Evans FCA
FCA
Bishops
1 Croft Court, Plumpton Close
Whitehills Business Park
Blackpool
FY4 5PR
Dated: 21 February 2025
AFC FYLDE COMMUNITY FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2024
- 8 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Charitable activities
2
344,723
345,947
690,670
320,091
418,214
738,305
Investments
3
8,316
-
8,316
4,603
-
4,603
Total income
353,039
345,947
698,986
324,694
418,214
742,908
Expenditure on:
Charitable activities
4
333,039
345,947
678,986
249,668
418,214
667,882
Total expenditure
333,039
345,947
678,986
249,668
418,214
667,882
Net income and movement in funds
20,000
-
20,000
75,026
-
75,026
Reconciliation of funds:
Fund balances at 1 June 2023
191,736
-
191,736
116,710
-
116,710
Fund balances at 31 May 2024
211,736
-
211,736
191,736
-
191,736

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

AFC FYLDE COMMUNITY FOUNDATION
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 9 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
2,432
2,198
Current assets
Debtors
11
144,063
174,071
Cash at bank and in hand
227,445
141,075
371,508
315,146
Creditors: amounts falling due within one year
12
(162,204)
(125,608)
Net current assets
209,304
189,538
Total assets less current liabilities
211,736
191,736
The funds of the charity
Unrestricted funds
14
211,736
191,736
211,736
191,736

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 21 February 2025
Mr D Edmundson
Trustee
Company registration number 09411676 (England and Wales)
AFC FYLDE COMMUNITY FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MAY 2024
- 10 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
16
81,270
(46,091)
Investing activities
Purchase of tangible fixed assets
(3,216)
(863)
Investment income received
8,316
4,603
Net cash generated from investing activities
5,100
3,740
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
86,370
(42,351)
Cash and cash equivalents at beginning of year
141,075
183,426
Cash and cash equivalents at end of year
227,445
141,075
AFC FYLDE COMMUNITY FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 11 -
1
Accounting policies
Charity information

AFC Fylde Community Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Fylde Sports and Education Centre, Coronation Way, Wesham, Preston, England, PR4 3JZ, Lancashire.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

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.

1.4
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.

1.5
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.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

AFC FYLDE COMMUNITY FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 12 -
1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Charitable activities

Charitable Income

Charitable Income

2024
2023
£
£

Sports Camps

99,096
81,634

Grants & Funding

591,574
656,671
690,670
738,305
3
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
8,316
4,603
AFC FYLDE COMMUNITY FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 13 -
4
Charitable activities

Charitable Expenditure

Charitable Expenditure

2024
2023
£
£
Staff costs
480,372
484,338
Depreciation and impairment
2,982
1,910

Insurance

6,820
8,076

Telephone

853
-

Postage and Stationery

800
1,262

Advertising

4,470
-

Sundries

5,012
3,657

Motor Expenses

32,479
32,160

Holiday Activity Fund Costs

4,794
6,600

Kit & Equipment

6,559
15,109

Facility Hire

37,450
38,192
Other charitable expenditure
71,428
68,817
671,588
660,914
Share of governance costs (see note 6)
7,398
6,968
678,986
667,882
Analysis by fund
Unrestricted funds
333,039
249,668
Restricted funds
345,947
418,214
678,986
667,882
5
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
2,982
1,910
AFC FYLDE COMMUNITY FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 14 -
6
Support costs
Support costs
Governance costs
2024
Support costs
Governance costs
2023
£
£
£
£
£
£

Accountancy and legal fees

-
7,398
7,398
-
6,968
6,968
-
7,398
7,398
-
6,968
6,968
Analysed between
Charitable activities
-
7,398
7,398
-
6,968
6,968
7
Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.

 

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2023 nor the year ended 31 May 2022.

8
Employees
Number of employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Service delivery
16
17
Management
4
4
20
21
Employment costs
2024
2023
£
£
Wages and salaries
438,859
522,571
Social security costs
33,236
32,943
Other pension costs
8,277
7,821
480,372
563,335
There were no employees whose annual remuneration was £60,000 or more.
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

AFC FYLDE COMMUNITY FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 15 -
10
Tangible fixed assets
Computers
£
Cost
At 1 June 2023
6,630
Additions
3,216
At 31 May 2024
9,846
Depreciation and impairment
At 1 June 2023
4,432
Depreciation charged in the year
2,982
At 31 May 2024
7,414
Carrying amount
At 31 May 2024
2,432
At 31 May 2023
2,198

 

11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
120,490
70,843
Prepayments and accrued income
23,573
103,228
144,063
174,071
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
4,901
6,526
Trade creditors
1,682
7,459
Other creditors
9,139
3,936
Accruals and deferred income
146,482
107,687
162,204
125,608
13
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
8,277
7,821
AFC FYLDE COMMUNITY FOUNDATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
13
Retirement benefit schemes
(Continued)
- 16 -

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

14
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 June 2023
Incoming resources
Resources expended
At 31 May 2024
£
£
£
£
General funds
191,736
353,039
(333,039)
211,736
Previous year:
At 1 June 2022
Incoming resources
Resources expended
At 31 May 2023
£
£
£
£
General funds
116,710
324,694
(249,668)
191,736
15
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

16
Cash generated from operations
2024
2023
£
£
Surplus for the year
20,000
75,026
Adjustments for:
Investment income recognised in statement of financial activities
(8,316)
(4,603)
Depreciation and impairment of tangible fixed assets
2,982
1,910
Movements in working capital:
Decrease/(increase) in debtors
30,008
(52,266)
Increase/(decrease) in creditors
36,596
(66,158)
Cash generated from/(absorbed by) operations
81,270
(46,091)
17
Analysis of changes in net funds

The charity had no material debt during the year.

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