| 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 |