IRIS Accounts Production v25.1.3.33 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083893172023-06-30083893172024-06-30083893172023-07-012024-06-30083893172022-06-30083893172022-07-012023-06-30083893172023-06-3008389317ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-3008389317ns15:PoundSterling2023-07-012024-06-3008389317ns11:FRS1022023-07-012024-06-3008389317ns11:IndependentExaminationCharity2023-07-012024-06-3008389317ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008389317ns11:FullAccounts2023-07-012024-06-3008389317ns11:CharitiesSORP2023-07-012024-06-3008389317ns16:EnglandWales2023-07-012024-06-3008389317ns11:RegisteredOffice2023-07-012024-06-3008389317ns0:Trustee22023-07-012024-06-3008389317ns0:Trustee32023-07-012024-06-3008389317ns0:Trustee12023-07-012024-06-3008389317ns0:Trustee42023-07-012024-06-3008389317ns0:Trustee52023-07-012024-06-3008389317ns0:Trustee62023-07-012024-06-3008389317ns0:Trustee72023-07-012024-06-3008389317ns0:Activity82023-07-012024-06-3008389317ns0:TotalUnrestrictedFundsns0:Activity82023-07-012024-06-3008389317ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-07-012024-06-3008389317ns0:Activity82022-07-012023-06-3008389317ns0:Activity92023-07-012024-06-3008389317ns0:TotalUnrestrictedFundsns0:Activity92023-07-012024-06-3008389317ns0:Activity9ns0:TotalRestrictedIncomeFunds2023-07-012024-06-3008389317ns0:Activity92022-07-012023-06-3008389317ns0:TotalUnrestrictedFunds2023-07-012024-06-3008389317ns0:TotalRestrictedIncomeFunds2023-07-012024-06-3008389317ns0:TotalUnrestrictedFunds2023-06-3008389317ns0:TotalRestrictedIncomeFunds2023-06-3008389317ns0:TotalUnrestrictedFunds2024-06-3008389317ns0:TotalRestrictedIncomeFunds2024-06-3008389317ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-06-3008389317ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-06-3008389317ns10:WithinOneYear2024-06-3008389317ns10:WithinOneYear2023-06-3008389317ns10:AfterOneYearns0:TotalUnrestrictedFunds2024-06-3008389317ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-06-3008389317ns10:AfterOneYear2024-06-3008389317ns10:AfterOneYear2023-06-300838931712023-07-012024-06-3008389317ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-012024-06-3008389317ns10:PlantMachinery2023-07-012024-06-300838931722023-07-012024-06-300838931732023-07-012024-06-3008389317ns10:OwnedAssets2023-07-012024-06-3008389317ns10:OwnedAssets2022-07-012023-06-3008389317ns0:TotalUnrestrictedFundsns0:Activity82022-07-012023-06-3008389317ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-07-012023-06-3008389317ns0:TotalUnrestrictedFundsns0:Activity92022-07-012023-06-3008389317ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-07-012023-06-3008389317ns0:TotalUnrestrictedFunds2022-07-012023-06-3008389317ns0:TotalRestrictedIncomeFunds2022-07-012023-06-3008389317ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-06-3008389317ns10:PlantMachinery2023-06-3008389317ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-06-3008389317ns10:PlantMachinery2024-06-3008389317ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-06-3008389317ns10:PlantMachinery2023-06-3008389317ns10:BetweenOneTwoYears2024-06-3008389317ns10:BetweenOneTwoYears2023-06-3008389317ns10:BetweenTwoFiveYears2024-06-3008389317ns10:BetweenTwoFiveYears2023-06-30
REGISTERED COMPANY NUMBER: 08389317 (England and Wales)
REGISTERED CHARITY NUMBER: 1170417















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ASFORDBY FOOTBALL CLUB LIMITED

ASFORDBY FOOTBALL CLUB LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 12

ASFORDBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08389317)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 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 30 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 object of the charity is to advance in life and relieve needs of young people up to the age of 18 resident in Asfordby, Leicestershire and the surrounding area through the provision of facilities for the purpose of playing football provided in the interest of social welfare designed to improve their conditions of life. To provide support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

Public benefit
When reviewing the charities objectives and aims, and in planning future activities, the trustees have considered the Charity Commission's general guidance on public benefit.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The accounting period ending 30th June 2024 saw increased activity following the success of the first team, who in 2023 were promoted to step 6, the first rung of the non-league ladder after winning the Leicestershire Senior League Premier Division. The trustees voted on and decided to apply for promotion to access funding to develop the site and facilities at Hoby Road. The club upgraded its dugouts, added a standing shelter and a perimeter fence for the first team pitch and training area. The refurbishment of the 3G pitch was undertaken, supported by funding from the Football Foundation.

The club fielded 21 teams across all grassroots age groups, with over 340 players aged from 6 to adult. Our football academy continues to accept players from 4 years old and we have had great success in feeding these players into our junior teams. We believe that we are close to maximizing the number of teams we can host, however we remain in discussions with the FA to see if there is a way of opening other time slots and match days for league games.


Football Foundation again enabled us to continue a rolling pitch improvement programme, overseen by Football Association experts. This will extend in the next financial period to include improved training facilities.


In this period the possibility has been explored to develop the property at Hoby Road to be a more inclusive space that is fit for long term, making use of environmentally sound technologies to reduce costs and our carbon footprint. In the next period we will start to see more related costs to this..

FINANCIAL REVIEW
Reserves policy
The trustees have generated enough income to keep the charity solvent and continue to invest in the upkeep in the facilities.

As at 30 June 2024 net reserves were £48,502 which the trustees consider to be satisfactory.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its memorandum and articles and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. They are appointed in accordance to Article 22 from Articles of Association document.

All trustees give their time voluntarily and receive no benefits from the charity, with the exception of one trustee who receives a salary.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.


ASFORDBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08389317)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2024

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08389317 (England and Wales)

Registered Charity number
1170417

Registered office
Asfordby Acres
Hoby Road
Asfordby
Melton Mowbray
Leicestershire
LE14 3TL

Trustees
Ms S L Wilson
Mrs S C Alexander (resigned 1.9.23)
S M Atherley
Mrs J L Hill
M J K Pond (resigned 12.3.24)
Mrs N A Mann
N J Aitken (resigned 1.9.23)

Independent Examiner
Niall A. Kingsley FCA
Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

Approved by order of the board of trustees on 23 May 2025 and signed on its behalf by:





S M Atherley - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ASFORDBY FOOTBALL CLUB LIMITED

Independent examiner's report to the trustees of Asfordby Football Club Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts 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 accounts 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 accounts to be reached.








Niall A. Kingsley FCA

Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

23 May 2025

ASFORDBY FOOTBALL CLUB LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Football club 95,158 2,297 97,455 125,668
Sports facilities and bar 115,113 - 115,113 123,762

Investment income 3 - - - 12
Total 210,271 2,297 212,568 249,442

EXPENDITURE ON
Charitable activities
Football club 83,351 (414 ) 82,937 114,515
Sports facilities and bar 149,003 (965 ) 148,038 133,048
Total 232,354 (1,379 ) 230,975 247,563

NET INCOME/(EXPENDITURE) (22,083 ) 3,676 (18,407 ) 1,879


RECONCILIATION OF FUNDS
Total funds brought forward 66,909 - 66,909 65,030

TOTAL FUNDS CARRIED FORWARD 44,826 3,676 48,502 66,909

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

ASFORDBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08389317)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 12,184 10,977 23,161 16,018

CURRENT ASSETS
Stocks 9 4,199 - 4,199 4,628
Debtors 10 5,058 - 5,058 14,856
Cash at bank 39,702 - 39,702 54,932
48,959 - 48,959 74,416

CREDITORS
Amounts falling due within one year 11 (14,354 ) (7,301 ) (21,655 ) (20,035 )

NET CURRENT ASSETS 34,605 (7,301 ) 27,304 54,381

TOTAL ASSETS LESS CURRENT LIABILITIES 46,789 3,676 50,465 70,399

CREDITORS
Amounts falling due after more than one year 12 (1,963 ) - (1,963 ) (3,490 )

NET ASSETS 44,826 3,676 48,502 66,909
FUNDS 14
Unrestricted funds 44,826 66,909
Restricted funds 3,676 -
TOTAL FUNDS 48,502 66,909

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements 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 financial statements, so far as applicable to the charitable company.


ASFORDBY FOOTBALL CLUB LIMITED (REGISTERED NUMBER: 08389317)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2024

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 23 May 2025 and were signed on its behalf by:





S M Atherley - Trustee

ASFORDBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. GENERAL INFORMATION

Asfordby Football Club Limited is a private Charitable Company Limited by Guarantee registered in England and Wales. The charity's registered number, company registration number and registered office address are detailed in the administrative information on Page 2.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The financial statements cover the individual entity.

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.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern
The Trustees consider that use of the going concern assumption is appropriate.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Debtors and creditors
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

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.

Income from government and other grants is recognised at fair value when the charity has entitlement after any performance conditions are met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Improvements to property - 10% on cost
Plant and machinery - 33% on cost

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

ASFORDBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 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.

Government grants
Government grants relating to revenue are recognised as income on a systematic basis over the period in which the related costs for which the grant is intended to compensate are recognised.

Government grants receivable for the purpose of giving immediate financial support to the entity with no future related costs are recognised as income in the period in which it becomes receivable.

3. INVESTMENT INCOME
2024 2023
£    £   
Interest receivable - 12

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 3,481 7,827
Surplus on disposal of fixed assets (2,500 ) -

5. TRUSTEES' REMUNERATION AND BENEFITS
2024 2023
£    £   
Trustees' salaries 8,979 8,814

Mrs J L Hill £8,478 and Ms S L Wilson £500 were paid for providing services in the Clubhouse.

These were paid in accordance with the Articles of Association and conditions in section 6.2. and section 185 of the charities act 2011.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.



ASFORDBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. STAFF COSTS

The average monthly number of employees during the year was as follows:

2024 2023
Directors 5 8
Employees 4 4
9 12

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Charitable activities
Football club 87,216 38,452 125,668
Sports facilities and bar 123,762 - 123,762

Investment income 12 - 12
Total 210,990 38,452 249,442

EXPENDITURE ON
Charitable activities
Football club 76,063 38,452 114,515
Sports facilities and bar 133,048 - 133,048
Total 209,111 38,452 247,563

NET INCOME 1,879 - 1,879


RECONCILIATION OF FUNDS
Total funds brought forward 65,030 - 65,030

TOTAL FUNDS CARRIED FORWARD 66,909 - 66,909


ASFORDBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. TANGIBLE FIXED ASSETS
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 July 2023 17,486 33,788 51,274
Additions 10,416 208 10,624
Disposals - (8,000 ) (8,000 )
At 30 June 2024 27,902 25,996 53,898
DEPRECIATION
At 1 July 2023 2,377 32,879 35,256
Charge for year 2,790 691 3,481
Eliminated on disposal - (8,000 ) (8,000 )
At 30 June 2024 5,167 25,570 30,737
NET BOOK VALUE
At 30 June 2024 22,735 426 23,161
At 30 June 2023 15,109 909 16,018

9. STOCKS
2024 2023
£    £   
Stocks 4,199 4,628

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Debtors 2,961 12,899
Prepayments 2,097 1,957
5,058 14,856

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 13) 1,528 1,490
Creditors 6,291 5,839
Social security and other taxes 3,366 365
Other creditors 665 228
Accrued expenses 2,505 2,660
Deferred government grants 7,300 9,453
21,655 20,035


ASFORDBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 13) 1,963 3,490

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Bank loans 1,528 1,490
Amounts falling between one and two years:
Bank loans - 1-2 years 1,565 1,527
Amounts falling due between two and five years:
Bank loans - 2-5 years 398 1,963

14. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 66,909 (22,083 ) 44,826

Restricted funds
Football club - 3,676 3,676

TOTAL FUNDS 66,909 (18,407 ) 48,502

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 210,271 (232,354 ) (22,083 )

Restricted funds
Football club 2,297 1,379 3,676

TOTAL FUNDS 212,568 (230,975 ) (18,407 )


ASFORDBY FOOTBALL CLUB LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 65,030 1,879 66,909

TOTAL FUNDS 65,030 1,879 66,909

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 210,990 (209,111 ) 1,879

Restricted funds
Football club 38,452 (38,452 ) -

TOTAL FUNDS 249,442 (247,563 ) 1,879

Restricted funds

The incoming grants for the football club consist of pitch improvement grants from the Football Foundation as well as a pitch machinery grant.

Pitch improvement grants support clubs and leagues to provide better quality grass pitches. Clubs and leagues can apply to secure a grant to purchase materials and engage professional contractors over a six-year period, increasing the levels of maintenance work carried out on their grass pitches, with an aim of improving the quality to a 'Good' standard or above.

Pitch machinery grants enable clubs and organisations to purchase machinery and equipment recommended in their Pitch Power assessment report. Machinery and equipment may be new or used and all applicants will be required to supply two like-for-like quotations for each item from different suppliers and evidence of partnership funding (grants will be provided for a maximum of 75% of the project cost).

Ground maintenance grants were also received to upgrade facilities these were received for a maximum 50% of the project costs but capped to a maximum of £25,000.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.