REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
FOR |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024 |
FOR |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2024 |
Page |
Reference and Administrative Details | 1 |
Report of the Trustees | 2 | to | 8 |
Report of the Independent Auditors | 9 | to | 12 |
Statement of Financial Activities | 13 |
Balance Sheet | 14 |
Cash Flow Statement | 15 |
Notes to the Cash Flow Statement | 16 |
Notes to the Financial Statements | 17 | to | 28 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
REFERENCE AND ADMINISTRATIVE DETAILS |
FOR THE YEAR ENDED 30TH JUNE 2024 |
TRUSTEES |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
AUDITORS |
Chartered Accountants |
and Statutory Auditors |
Charter House |
Stansfield Street |
Nelson |
Lancashire |
BB9 9XY |
BANKERS |
BLACKBURN |
Lancashire |
BB1 5AW |
Day to day management of the charity is delegated to the Chief Executive Officer, M Fearon. |
The charity also operates under the shortened name of "Accrington Stanley Community Trust". |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
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 30th June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The Memorandum of Association states that the charity's objects are to benefit the public and, in particular, the inhabitants of Accrington and the surrounding areas by: |
1. Promoting community participation in healthy recreation in particular by the provision of facilities for the playing of association football and other sports capable of improving health ("facilities" in this clause means land, buildings, equipment and organising sporting activities); |
2. Advancing the physical education of young people in Lancashire by coaching in and providing facilities for the game of football and other sporting activities so as to develop their physical, mental and spiritual capabilities to enable them to grow to full maturity as individuals and members of society; |
3. Advancing and assisting in advancing the education of the general public, with a particular focus on that of children and young people attending schools in the Lancashire area by the provision at venues selected or approved by the charity of meetings, lectures, classes and activities for the benefit of such children and young people and by the provision of educational materials for distribution to such children and young people; |
4. Providing and assisting in providing facilities for the game of football and other sporting activities, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; |
5. Advancing racial and religious harmony and equality and diversity among children and young people by arranging activities (including activities connected with the game of football and other sporting activities) to encourage shared experiences and interests without reference to race, religion, belief, sex, disability, nationality, ethnic or national origin or social background; and |
6. Advancing the education of children and young people through such means as the trustees shall think fit in accordance with charity law. |
The charity's principal activity is the promotion of Sports Engagement and Education by using football as a vehicle for change, this is achieved through a number of sports based programmes delivered during the year. |
Public benefit |
In setting out the charity's objectives and planning of activities the trustees have given careful consideration to the Charity Commission's general guidance and section 17(5) of the Charities Act 2011. The trustees are confident that the charity offers services of real and practical use to the local population and therefore complies with the responsibility placed on all charities under the Charities Act 2011 to demonstrate a public benefit. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
The charity continues to deliver a range of projects in our key areas of Sport Participation, Community Engagement, Health and Education. Over 30 different projects are now delivered including some new ones added over the year. The charity engaged with 21,421 people over the course of 2023/24. |
Sports Participation |
Our Sports Development team focus on engaging with the community in order to raise the number of those engaging and participating in physical exercise. 2023/24 has seen partnerships strengthen with local schools and community groups. The charity continues to grow delivery in this area and covers the boroughs of Hyndburn, Ribble Valley and Rossendale. |
2023/24 we received a new 1-year cycle of funding for the established Premier League Primary Stars programme, which provides fantastic provision in our local schools, offering a number of high-quality sessions over the year. The programme has since been funded until at least June 2025 by the Premier League. |
2023/24 we received a new 1-year cycle of funding for the established Premier League Kicks. Over 500 people have participated in 2023/24 and the programme has been funded until at least June 2025 by the Premier League. |
The match day provision at Accrington Stanley Football Club has continued with us focusing on grassroots teams. Over 40 grassroots teams enjoyed match day experiences as well as a number of birthday parties and mascot packages. We also introduced a joint initiative with Accrington Stanley Football Club where we now give out over 3,000 free match tickets to our local community each season. |
The Football Development Centres has seen over 150 unique participants in the last 12 months and the girl's specific development centre continues to be very popular. |
Our adult 7-aside league which sits under the banner of the 'Stanley Soccer League' sees us engage with over 200 adults on a weekly basis. Over 3,500 7-aside football interactions with adults in 2023/24 through this project alone with 2,500 7-aside fixtures taking place. |
The Holiday Courses include more activities and multiple booking options to ensure participation is fun, accessible and affordable for all. 500+ unique participants have taken part in holiday courses during 2023/24. The Holiday Activity Fund (HAF) continued to provide children with free holiday provision and a nutritious meal each day during the holidays. This was very well attended and we had participants from numerous school locations across Hyndburn. |
The Stanley Kickers sessions for 2-4-year olds has seen around 100 participants take their first steps into football. |
We've expanded our disability sport programme during 2023/24 and now have 6 sessions each week delivered from the Stanley Sports Hub. |
Community Engagement |
The National Citizen Service (NCS) programme is hugely beneficial to the community of Hyndburn and surrounding areas. This project has now been adapted and we're delivering the community engagement element of it including workshops in schools and trips to activity centres. We delivered the first of a 2-year programme to around 100 participants. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
The Champions programme continues to go from strength to strength since it was launched in 2020/21, working in partnership with Lancashire Violence Reduction Network to tackle re-offending and integration back into the community from those who find themselves on probation. We are one of 7 Lancashire Football Club Community Trust's that are now providing this unique peer mentored support package to residents of our area, focused on strategies that mitigate the risk of re-offending after release from prison and working with people who have just moved to the country. Our project mentors begin by making an assessment of the participant needs, steering them towards other projects and opportunities that will benefit them. We provide them with a vital support network as they begin to re-establish their place in the community. |
We launched a new Veterans project in 2021/22 which sees us engage with local people who served in the armed forces. A mixture of coffee mornings, gatherings and sports sessions has been delivered with aims to increase engagement in future years. We've seen an uptake in participation in 2023/24 which sets us up to further develop the project in the future. |
Health |
2023/24 has seen numerous health awareness campaigns with the charity linking in with various other organisations to support their work. |
The Walking Football project for over 50's has had another successful year. In 2023/24 we have had over 60 unique participants. |
New 'Extra Time Hub's' for men and women over the age of 50 were launched at Stanley Sports Hub. A weekly 2-hour session per group, offering low intensity activities such as darts, dominoes, table tennis and the chance to socialise with others in the community. Both sessions have grown over the year and are now a vital offering for members of our community who could be at risk of social isolation following retirement. |
Funding was once again confirmed in 2023/24 to continue a health project called Joy of Moving. A school-based educational programme for children aged 9-10 years old. It aims to encourage physical activity, promote nutritional education and build awareness of the importance of a healthy diet and active lifestyle. In 2023/24 over 1,000 children took part in the 6-week programme which was adapted to fit in with government restrictions. |
All of the above has allowed the charity to raise its profile within this field and reach out to those specialist partners across the community. Our aim is to develop this area further in the coming years. |
Education |
2023/24 has been another successful year for the education department, continuing as one of the charities flagship areas. |
The Work Experience with the local high schools and colleges offer a great insight into the sports industry for pupils. |
The Football Education programme has 64 students that will gain an NCFE Level Two or BTEC Level Three Extended Diploma in Sport as well as compete in the 11-aside CEFA League for two to three years. Since starting in 2010 this project has now seen over 200 student's progress to various universities directly after completing this course. The Charity also continues to deliver a Foundation Degree, in partnership with the University of South Wales. |
We also delivered a number of employability workshops, linking in with Job Centre Plus to try and raise the aspirations and job opportunities of those unemployed in Hyndburn. |
A new partnership with Rossendale School sees us deliver alternative education to a select number of their pupils each week. |
Achievements and Performance |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
During the year, the charity engaged with 21,421 individuals, including over 3,000 coming from local primary schools. 1,239 free Accrington Stanley shirts were given away to all Year 3 children in Hyndburn. 3,795 free Accrington Stanley match tickets were given to members of the community, as we try to engage more people in attending matches at the Wham stadium. The charity delivers over 30 community projects in Hyndburn and the surrounding areas. |
The opening of the new £2m Stanley Sports Hub facility in March 2020 is the biggest achievement of the Charity to date and we had to manage a difficult year of stop start provision on site due to the pandemic. The Stanley Sports Hub has become a thriving community facility that Accrington can be proud of for many years to come. We are now averaging around 150,000 visits per year now all restrictions are removed as well as providing numerous job opportunities for people in the local area with vacancies such as receptionists, caterers, coordinators and other key roles. |
We've invested further in the grass football pitches at Stanley Sports Hub, with a full new primary and secondary drainage system. A new irrigation system was installed in 2022. |
Planning permission was granted for a new £1m building extension at Stanley Sports Hub, with construction works starting in September 2023 and completed in April 2024. The new extension is a huge benefit to the organisation and the community groups that use the added facilities. It gives us the space we need to continue to grow our provision. |
A new 3-year strategy was launched on 1st July 2022, and we entered the second year of it in 2023/24. Our strategy has been developed through detailed consultation both internally and externally with local, regional and national organisations and policies. We have collated feedback from key stakeholders, participants, parents and our workforce using several methods such as surveys, meetings and strategy focus groups. The strong foundations that were first established in 2010 when Accrington Stanley Community Trust were formed has enabled us to identify key areas to focus on in order to make a difference to our community. This Strategy comes at a key time in our development and provides a platform for positive change and modernisation going forward. It builds on some significant achievements to date and on the good progress already made against our initial objectives. |
Strategic Aims |
1. Provide a High-Quality Service |
Our strategic objectives: |
- Ensure all participants receive a positive, enjoyable and safe experience. |
- Develop and deliver a quality assurance framework across all programmes and invest in workforce development. |
- Measure impact through different techniques and publicise an impact report annually to all stakeholders. |
2. Govern and Lead Effectively |
Our strategic objectives: |
- Ensure financial sustainability. |
- Ensure there is an appropriate governance and leadership structure to support the strategy and deliver the charitable aims and objectives. |
- Ensure compliance with relevant legislation and regulation. |
3. Deliver Inclusion, Health & Wellbeing, Sport Participation and Education Programmes |
Our strategic objectives: |
- Provide a variety of inclusive projects that deliver positive change to disadvantaged and disabled people in Hyndburn. |
- Build strong relationships with other organisations to make a positive impact on health, well-being and inclusion in our community. |
- Instil aspects of health, well-being and inclusion into the culture of our organisation to create a lasting legacy. |
- Increase Sport Participation rates in Hyndburn. |
- Provide high quality education and expand current provision. |
4. Expand and Operate an Excellent Community Sports Hub Facility |
Our strategic objectives: |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
- Work with key stakeholders to further design, develop and build an extension to the indoor areas of the Stanley Sports Hub. |
- Provide a core base for the charity to use as its headquarters to deliver our charitable aims and objectives. |
- Maintain a sustainable state of the art sports and education facility for the local community, grassroots clubs and voluntary sector organisations. |
At the year end, the charity employed over 50 members of staff and has further established a strong team of skilled individuals to develop the work of the charity further. |
Facilities |
The charity opened the new multi-million-pound community sports hub in March 2020, which is now the home of the Charity and a base for its projects. |
The aims of the sports hub are to increase participation in sport, improve health and exercise levels and provide more opportunities for disabled people to access vital sport and education activities. The Sports Hub hosts many projects that develop skills for people out of work, create new job opportunities, inspire people to become volunteers for local sports organisations, sports clubs and charities, and provide a pathway for gifted and talented young people into elite sport. |
FINANCIAL REVIEW |
Financial position |
The charity has generated net income of £143,187 in the year to the 30th of June 2024, representing a decrease on that recognised in the prior year (£621,566). |
The main reason for the decrease is due to extra income from donations and grants awarded to the charity in the prior year towards the cost of the extension of the Sports Hub, as can be seen from the decrease in donations and legacies to £165,215 (2023: £710,536). |
There was a deficit on charitable activities of £77,493 (2023: deficit of £116,927). The reduction in the deficit is due to a greater increase in income than expenditure. |
The free reserves of the charity (excluding amounts held as fixed assets) have increased from a deficit of £20,488 to a surplus £85,290. The free reserves had previously been in a deficit due to the charity having used some of its own funds in extending the Sports Hub facility, however the free reserves returned to a positive figure in the current year. |
As at the year end, the total funds of the charity stand at £3,512,877 (2023: £3,369,690) of which more than 97% is invested in the Sports Hub facility to ensure the sustainability and continuity of the charity for many years to come. |
Reserves policy |
The objective of having unrestricted funds in reserve, is to enable the charity to cope with unplanned events. Very often, the effects of an unplanned event can be managed in the long-term, but the charity needs reserves in the meantime. |
The trustee directors' have set an overall target level for free reserves based on 12 months' net operating costs. This is over and above those reserves represented by fixed assets on the balance sheet. |
The directors acknowledge that the level of reserves changes during the year and could either be a good indicator of the underlying financial health of the charity; or could be an indicator of potential problems. |
The directors must monitor and review the level of reserves annually, in line with the guidance issued by the Charity Commission; however, the level of reserves is monitored throughout the year as part of the normal monitoring and budgetary reporting processes. |
The current level of unrestricted, free reserves is insufficient due to the spend on the extension of the Sports Hub in the previous year. We aim to return to building reserves to a level that is equivalent to 12 months of expenditure, to provide stability within the charity and reduce any risk of closure due to insufficient funding. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
FUTURE PLANS |
2023/24 is the second year of the charities three-year business plan which is reviewed and updated annually, in order to achieve its objectives. The charity plans to continue the activities outlined above in the forthcoming years subject to funding arrangements. |
The Stanley Sports Hub facility will be a key area of growth for the Charity, establishing a base to expand current provision as well as providing a top-class sports facility for the community of Hyndburn. Plans were completed on a £1m building extension and £250,000 investment in the grass pitches. The charity now aims to grow its provision with the added facilities at Stanley Sports Hub. |
Future facility plans include the construction of a new 5v5 Floodlit 3G Cage in 2024/25 to enhance Stanley Sports Hub even further. |
The charity also plans to deliver new projects as it continues to grow year on year. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is governed by its Memorandum and Articles of Association, last updated on the 18th of April 2017, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
New trustees are recruited and appointed by existing trustees to ensure the board maintains an appropriate spread of knowledge and skills to enable them to deliver the charity's aims and objectives. |
New trustees are typically already aware of the charity and are introduced further by the board and the employees of the charity. |
STATEMENT OF TRUSTEES' RESPONSIBILITIES |
The trustees (who are also the directors of Accrington Stanley Football in the Community Trust Limited 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; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. |
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. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30TH JUNE 2024 |
AUDITORS |
The auditors, Ainsworths Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
Approved by order of the board of trustees on |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
Opinion |
We have audited the financial statements of Accrington Stanley Football in the Community Trust Limited (the 'charitable company') for the year ended 30th June 2024 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 30th June 2024 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 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
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. |
We have nothing to report in respect of the following matters where 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 take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. |
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 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
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: |
Identifying and assessing potential risks related to irregularities |
In identifying and assessing risks of material misstatement in respect of irregularities, we considered the following: |
- | the nature of the industry and sector, control environment and business performance including the key drivers for directors' remuneration and dividend levels; |
- | results of our enquiries of management about their own identification and assessment of the risks of irregularities; |
- | any matters we identified having made enquiries of management about their policies and procedures relating to: |
> | identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; |
> | detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; |
> | the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; |
- | the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. |
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation | for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. |
We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on | provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation. |
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial | statements, but compliance with which may be fundamental to the company's ability to operate. |
Audit response to risks identified |
As a result of performing the above our procedures to respond to the risks identified included the following: |
- | reviewing the financial statements disclosure and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements; |
- | enquiring of management about actual and potential litigation and claims; |
- | performing analytical procedures to identify any unusual or unexpected relationships that may indicate risk of material misstatement due to fraud; |
- | obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and |
- | in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. |
There are inherent limitations in the audit procedures described above and the further removed the non-compliance with laws and regulations is from events and transactions reflected in the financial statements the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. |
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
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. |
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 |
Chartered Accountants |
and Statutory Auditors |
Stansfield Street |
Nelson |
Lancashire |
BB9 9XY |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 30TH JUNE 2024 |
30.6.24 | 30.6.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Charitable activities | 6 |
Sports engagement and education | 706,490 | 291,400 | 997,890 | 868,774 |
Other trading activities | 4 |
Investment income | 5 |
Other income |
Total |
EXPENDITURE ON |
Raising funds | 7 |
Charitable activities | 8 |
Sports engagement and education | 748,952 | 326,431 | 1,075,383 | 985,701 |
Total |
NET INCOME |
Transfers between funds | 21 | 51,336 | (51,336 | ) | - | - |
Net movement in funds |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 3,369,690 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED (REGISTERED NUMBER: 07369852) |
BALANCE SHEET |
30TH JUNE 2024 |
30.6.24 | 30.6.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 15 |
CURRENT ASSETS |
Debtors | 16 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 18 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 21 |
Unrestricted funds | 3,369,690 |
TOTAL FUNDS | 3,369,690 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
CASH FLOW STATEMENT |
FOR THE YEAR ENDED 30TH JUNE 2024 |
30.6.24 | 30.6.23 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 291,585 | 633,552 |
Interest paid | (9,970 | ) | - |
Net cash provided by operating activities | 281,615 | 633,552 |
Cash flows from investing activities |
Purchase of tangible fixed assets | (161,137 | ) | (1,238,331 | ) |
Sale of tangible fixed assets | 7,000 | - |
Interest received | 5,401 | 124 |
Net cash used in investing activities | (148,736 | ) | (1,238,207 | ) |
Cash flows from financing activities |
New loans in year | - | 100,000 |
Loan repayments in year | (20,000 | ) | - |
Net cash (used in)/provided by financing activities | (20,000 | ) | 100,000 |
Change in cash and cash equivalents in the reporting period |
112,879 |
(504,655 |
) |
Cash and cash equivalents at the beginning of the reporting period |
120,575 |
625,230 |
Cash and cash equivalents at the end of the reporting period |
233,454 |
120,575 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE CASH FLOW STATEMENT |
FOR THE YEAR ENDED 30TH JUNE 2024 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
30.6.24 | 30.6.23 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
143,187 |
621,566 |
Adjustments for: |
Depreciation charges | 123,728 | 93,111 |
Profit on disposal of fixed assets | (988 | ) | - |
Interest received | (5,401 | ) | (124 | ) |
Interest paid | 9,970 | - |
Loan written off in the year | - | (104,924 | ) |
(Increase)/decrease in debtors | (38,318 | ) | 2,775 |
Increase in creditors | 59,407 | 21,148 |
Net cash provided by operations | 291,585 | 633,552 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.7.23 | Cash flow | At 30.6.24 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 120,575 | 112,879 | 233,454 |
120,575 | 112,879 | 233,454 |
Debt |
Debts falling due within 1 year | (20,000 | ) | (735 | ) | (20,735 | ) |
Debts falling due after 1 year | (80,000 | ) | 20,000 | (60,000 | ) |
(100,000 | ) | 19,265 | (80,735 | ) |
Total | 20,575 | 132,144 | 152,719 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH JUNE 2024 |
1. | STATUTORY INFORMATION |
Accrington Stanley Football in the Community Trust Limited is a charitable company, limited by guarantee, registered in England and Wales. The charity and company registered numbers and registered office address can be found on the Company Information page. |
2. | 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. |
Accrington Stanley Football in the Community Trust Limited meets the definition of a public benefit entity under FRS 102. |
Critical accounting judgements and key sources of estimation uncertainty |
Preparation of the financial statements requires management to make significant judgements and estimates. The main area of estimation is in respect of the useful lives of fixed assets. The depreciation rates used can be identified in the fixed asset accounting policy below. |
Income |
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. |
Grants receivable, donations and income from charitable activities are accounted for when due. Income is deferred when it is received in advance of the period to which it relates. |
Legacies are recognised at the earlier of: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charitable company that a distribution will be made, or when a distribution is received from the estate. |
Investment income is recognised on a receivable basis. |
Expenditure |
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under charitable activities and their associated supports. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Short leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Additional building works are only depreciated once completed and brought into use. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Debtors |
Short term debtors are measured at transaction price, less any impairment. |
Creditors |
Short term creditors are measured at transaction price. |
3. | DONATIONS AND LEGACIES |
30.6.24 | 30.6.23 |
£ | £ |
Donations |
Grants |
4. | OTHER TRADING ACTIVITIES |
30.6.24 | 30.6.23 |
£ | £ |
Cafeteria sales |
Sponsorships | 24,816 | 12,800 |
Other | - | 60 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
5. | INVESTMENT INCOME |
30.6.24 | 30.6.23 |
£ | £ |
Interest receivable | 5,401 | 124 |
6. | INCOME FROM CHARITABLE ACTIVITIES |
30.6.24 | 30.6.23 |
Activity | £ | £ |
Course income and project grants |
Sports engagement and education |
667,091 |
584,721 |
School provision | Sports engagement and education | 33,945 | 42,292 |
Holiday courses | Sports engagement and education | 41,433 | 33,977 |
Stanley Soccer League | Sports engagement and education | 16,759 | 17,546 |
ASCT provision | Sports engagement and education | 27,115 | 31,001 |
Pitch hires | Sports engagement and education | 211,547 | 159,237 |
7. | RAISING FUNDS |
Other trading activities |
30.6.24 | 30.6.23 |
£ | £ |
Cafeteria purchases | 23,273 | 14,228 |
8. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 9) | note 10) | Totals |
£ | £ | £ |
Sports engagement and education | 781,780 | 293,603 | 1,075,383 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
9. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
30.6.24 | 30.6.23 |
£ | £ |
Staff costs | 478,167 | 434,876 |
Hire of plant and machinery | 2,474 | 2,014 |
Rates and water | 7,512 | 1,599 |
Light and heat | 25,814 | 38,636 |
Referees and football consumables | 38,256 | 28,085 |
Residential courses | 39,797 | 5,292 |
Bursaries awarded | 7,850 | 8,980 |
Donations | 70 | 2,775 |
Staff training | 3,704 | 1,825 |
Motor and travel expenses | 12,617 | 19,477 |
Hire of facilities | 12,337 | 16,852 |
Repairs and renewals | 22,441 | 33,357 |
Pitch maintenance costs | 45,415 | 37,456 |
Sub contractors | - | 790 |
Depreciation | 85,326 | 69,230 |
781,780 | 701,244 |
10. | SUPPORT COSTS |
Information |
Management | Finance | technology |
£ | £ | £ |
Sports engagement and education | 248,903 | 13,306 | 3,003 |
Governance |
Other | costs | Totals |
£ | £ | £ |
Sports engagement and education | 10,801 | 17,590 | 293,603 |
Support costs, included in the above, are as follows: |
30.6.24 | 30.6.23 |
Sports |
engagement |
and | Total |
education | activities |
£ | £ |
Wages | 159,493 | 167,489 |
Social security | 14,100 | 16,254 |
Pensions | 4,835 | 4,748 |
Insurance | 8,402 | 7,429 |
Telephone | 8,264 | 9,440 |
Postage and stationery | 5,131 | 7,045 |
Advertising | 10,276 | 11,208 |
Depreciation of tangible and heritage assets | 38,402 | 23,881 |
Bank charges | 3,336 | 2,402 |
Carried forward | 252,239 | 249,896 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
10. | SUPPORT COSTS - continued |
30.6.24 | 30.6.23 |
Sports |
engagement |
and | Total |
education | activities |
£ | £ |
Brought forward | 252,239 | 249,896 |
Interest payable and similar charges | 9,970 | - |
Computer costs | 3,003 | 4,998 |
Sundries | 10,801 | 10,473 |
Auditors' remuneration | 4,500 | 4,200 |
Accountancy and legal fees | 13,090 | 14,890 |
293,603 | 284,457 |
11. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
30.6.24 | 30.6.23 |
£ | £ |
Auditors' remuneration | 4,500 | 4,200 |
Depreciation - owned assets |
Hire of plant and machinery | 2,474 | 2,014 |
Surplus on disposal of fixed assets | ( |
) |
Accountancy and payroll fees paid to auditor | - | 6,480 |
12. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30th June 2024 nor for the year ended 30th June 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30th June 2024 nor for the year ended 30th June 2023. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
13. | STAFF COSTS |
30.6.24 | 30.6.23 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
656,595 | 623,367 |
The average monthly number of employees during the year was as follows: |
30.6.24 | 30.6.23 |
Charitable Activities | 35 | 36 |
Management and Administration | 5 | 6 |
Total employee benefits paid to the charity's key management personnel for the year ended 30th June 2024 was £155,809 (2023: £134,274). |
14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Sports engagement and education | 521,626 | 347,148 | 868,774 |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Sports engagement and education | 638,553 | 347,148 | 985,701 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 2,748,124 | - |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD | 3,369,690 | - | 3,369,690 |
15. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and |
leasehold | machinery | fittings |
£ | £ | £ |
COST |
At 1st July 2023 |
Additions |
Disposals | ( |
) |
At 30th June 2024 |
DEPRECIATION |
At 1st July 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st July 2023 |
Additions |
Disposals | ( |
) |
At 30th June 2024 |
DEPRECIATION |
At 1st July 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30th June 2024 |
NET BOOK VALUE |
At 30th June 2024 |
At 30th June 2023 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
16. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans and overdrafts (see note 19) |
Trade creditors |
Social security and other taxes |
Accruals and deferred income |
18. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans (see note 19) |
19. | LOANS |
An analysis of the maturity of loans is given below: |
30.6.24 | 30.6.23 |
£ | £ |
Amounts falling due within one year on demand: |
Bank loans |
Amounts falling between one and two years: |
Bank loans |
Amounts falling due between two and five years: |
Bank loans |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
20. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.6.24 | 30.6.23 |
£ | £ |
Bank loans |
The bank loans are secured by fixed and floating charges relating to the property and undertaking of the charity. |
21. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.7.23 | in funds | funds | 30.6.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | (20,488 | ) | 215,579 | (109,801 | ) | 85,290 |
Funds held as fixed assets | 3,390,178 | (123,728 | ) | 161,137 | 3,427,587 |
91,851 |
Restricted funds |
Business Development | - | 10,000 | (10,000 | ) | - |
The Football Foundation | - | 31,336 | (31,336 | ) | - |
The CIWMT | - | 10,000 | (10,000 | ) | - |
51,336 | ( |
) |
TOTAL FUNDS | 143,187 | 3,512,877 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
21. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 860,227 | (644,648 | ) | 215,579 |
Funds held as fixed assets | - | (123,728 | ) | (123,728 | ) |
( |
) | 91,851 |
Restricted funds |
NCS Funding | 23,173 | (23,173 | ) | - |
Premier League Primary Stars | 65,000 | (65,000 | ) | - |
Premier League Kicks | 35,000 | (35,000 | ) | - |
Premier League Fans Fund | 25,000 | (25,000 | ) | - |
The English Sports Council | 7,071 | (7,071 | ) | - |
Veterans Foundation Grants | 9,632 | (9,632 | ) | - |
Violence Reduction Network | 66,076 | (66,076 | ) | - |
Workers Education Association | 20,490 | (20,490 | ) | - |
Business Development | 10,000 | - | 10,000 |
Sky Bet | 10,000 | (10,000 | ) | - |
The Football Foundation | 31,336 | - | 31,336 |
Turing Scheme | 38,880 | (38,880 | ) | - |
Premier League Capability Grant | 10,000 | (10,000 | ) | - |
Streetgames UK | 4,000 | (4,000 | ) | - |
The CIWMT | 10,000 | - | 10,000 |
The Armed Forces Covenant Fund Trust | 15,958 | (15,958 | ) | - |
( |
) | 51,336 |
TOTAL FUNDS | ( |
) | 143,187 |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.7.22 | in funds | funds | 30.6.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 608,090 | 656,417 | (1,284,995 | ) | (20,488 | ) |
Funds held as fixed assets | 2,140,034 | (34,851 | ) | 1,284,995 | 3,390,178 |
2,748,124 | 621,566 | - | 3,369,690 |
TOTAL FUNDS | 2,748,124 | 621,566 | - | 3,369,690 |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
21. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,036,774 | (380,357 | ) | 656,417 |
Funds held as fixed assets | - | (34,851 | ) | (34,851 | ) |
Street Games UK | 3,500 | (3,500 | ) | - |
Active Lancashire | 1,193 | (1,193 | ) | - |
Football College | 222,880 | (222,880 | ) | - |
Cotton Ind Mem T. | 10,000 | (10,000 | ) | - |
1,274,347 | (652,781 | ) | 621,566 |
Restricted funds |
NCS Funding | 61,447 | (61,447 | ) | - |
Premier League Primary Stars | 65,000 | (65,000 | ) | - |
Premier League Kicks | 49,500 | (49,500 | ) | - |
English Football League Trust | 12,810 | (12,810 | ) | - |
The Football Stadia Improvement/Fans Fund |
7,936 |
(7,936 |
) |
- |
Y Not Aspire | 150 | (150 | ) | - |
University of South Wales | 39,958 | (39,958 | ) | - |
Holiday activty fund | 20,730 | (20,730 | ) | - |
Accrington Stanley Community Trust Education Agreement |
1,000 |
(1,000 |
) |
- |
BHF Blood Pressure | 4,500 | (4,500 | ) | - |
Violence Reduction Network | 60,302 | (60,302 | ) | - |
Workers Education Association | 23,815 | (23,815 | ) | - |
347,148 | (347,148 | ) | - |
TOTAL FUNDS | 1,621,495 | (999,929 | ) | 621,566 |
Transfers between funds |
Transfers are all to the designated fixed assets fund representing assets purchased from general funds. |
ACCRINGTON STANLEY FOOTBALL IN THE |
COMMUNITY TRUST LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2024 |
22. | CONTINGENT LIABILITIES |
The charity received grant funding of £1m from the Football Foundation to construct the Stanley Sports Hub from which the charity operates. A charge is registered in favour of the Football Foundation over the Stanley Sports Hub in case conditions attached to the grant are breached. The charge is to last for a period of 21 years, expiring on the 5th of May 2041. The carrying amount of the asset secured at 30th June 2024 is £3,139,637 (2023: £3,109,960). There have been no breaches to date and the trustees do not foresee that any such breach will occur. |
23. | CAPITAL COMMITMENTS |
During the current year, the charity entered into an agreement to construct a new 3G playing arena at their current facilities at Thorneyholme Road. A total of £70,438 has been contracted for construction work for construction work which did not commence until July 2024. There was no such commitment at the end of the prior financial year. |
24. | RELATED PARTY DISCLOSURES |