Registered number
06931786
Wrexham AFC Foundation
Filleted Accounts
31 August 2024
Wrexham AFC Foundation
Registered Company number: 06931786
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 6,535 8,714
Current assets
Debtors 5 18,200 -
Cash at bank and in hand 102,225 12,357
120,425 12,357
Creditors: amounts falling due within one year 6 (28,044) (1,946)
Net current assets 92,381 10,411
Net assets 98,916 19,125
Funds
Restricted funds 35,098
Unrestricted funds 63,818 19,125
Total Funds 98,916 19,125
The directors are satisfied that the charitable company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for a) complying with the requirements of Sections 386 and 387 of the Companies Act 2006 with respect to accounting records and the preparation of accounts and b) preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to the accounts, so far as applicable to a charitable company.
The accounts have been prepared and delivered in accordance with the provisions applicable to charitable companies subject to the small companies regime.
DC Toner
Trustee
Approved by the board on 20 May 2025
Wrexham AFC Foundation
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts 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)" and the Companies Act 2006. The accounts have been prepared under the historical cost convention.
Income
Income is recognised once the charity has entitlement to the funds, it is probable that the income will be received and the amounts can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 20% - 30% on cost
Fixtures, fittings, tools and equipment 20% - 30% on cost
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 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 accounts.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Donations and legacies 2024 2023
£ £
Grants received are as follows:
FL Community 42,000
Twinning project 2,500
PLCF 45,000
PFA Core 21,000
NLT 2,400
Sky Bet Fund 9,460
EFL Smart Energy 1,093
Kellogs 4,500
EFL Trust 36,750
The National League Trust 21,600
Premier League Charitable Trust 24,500
English Football League Trust 438
164,703 46,538
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 7
4 Tangible fixed assets
Office equipment Fixtures and fittings Total
£ £ £
Cost
At 1 September 2023 4,531 10,552 15,083
At 31 August 2024 4,531 10,552 15,083
Depreciation
At 1 September 2023 3,731 2,638 6,369
Charge for the year 200 1,979 2,179
At 31 August 2024 3,931 4,617 8,548
Net book value
At 31 August 2024 600 5,935 6,535
At 31 August 2023 800 7,914 8,714
5 Debtors 2024 2023
£ £
Trade debtors 18,200 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 619 619
Accruals and deferred income 25,481 450
Taxation and social security costs 1,944 877
28,044 1,946
7 Trustees' remuneration, benefits and expenses
There were no trustees' remuneration, benefits or expenses paid in the year ended 31 August 2024 nor in the period ended 31 August 2023.
8 Controlling party
The charitable company is controlled by its trustees.
9 Other information
Wrexham AFC Foundation is a private company limited by guarantee and incorporated in England and Wales. Its registered office is:
The Racecourse Ground
Mold Road
Wrexham
LL11 2AH
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