Registered Number: 3871640 England & Wales ## **LONG LANE JFC LIMITED ACCOUNTS & TRUSTEES ANNUAL REPORT 31 MAY 2024** ## **LONG LANE JFC LIMITED 31 MAY 2024** ## **Independent Examiner's Report to the Trustees of Long Lane Junior Football Club Ltd** I report on the accounts of the company for the year ended 31 May 2024, which are set out on pages 4 to 11. ## **Respective Responsibilities of Trustees and Examiner** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts The trustees consider that an audit is not required for this year under section 43(2) of the Chanties Act 1993 (the 1993 Act) and that an independent examination is needed The charity's gross income did not exceed £250,000. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 43 of the 1993 Act, - to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)(b) of the 1993 Act, and - to state whether particular matters have come to my attention ## **Basis of independent examiner's report** My examination was carried out in accordance with the general Directions given by the Charity Commission The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records It also included consideration of any unusual items or disclosures in the accounts, and sought explanations from you as trustees concerning any such matters The procedures undertaken did not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no matter has come to my attention (1) which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 386 of the Companies Act 2006 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice Accounting and Reporting by Charities have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Gordon Millar, A Millar Associates [Former HM Inspector of Taxes (Inspector Principal)] 7 The Avenue, Bickley, Kent, BR1 2BS Date 30/08/2024 **LONG LANE JFC LIMITED** ## **ABBREVIATED BALANCE SHEET 31 MAY 2024** ||||**May**|**May**| |---|---|---|---|---| ||**Notes**||**2024**|**2023**| ||||**£**|**£**| |**Fixed Assets**||||| |Tangible Assets||5+6|146,305|155,355| |**Current Assets**||||| |Cash at Bank & in Hand|||96,809|103,063| |Debtors||4|164,821|262,318| |Stocks|||0|0| |**Creditors**||||| |Prepayments & Amounts due within one year||7
|(7,531)|(5,035)| |**Net Current Assets**|||**254,099**|**360,346**| |**Total Assets less Current Liabilities**|||**400,404**|**515,701**| |**Creditors**||||| |Amounts falling due after one year||7|(203,803)|(211,231)| |**Net Assets**|||**196,601**|**304,470**| ||||**=======**|**=======**| |**Capital & Reserves**||||| |Funds Brought Forward|||304,470|229,719| |Profit & Loss Account|||(107,869)|74,751| |||8|**196,601**|**304,470**| ||||=======|=======| **LONG LANE JFC LIMITED** ## **BALANCE SHEET CONTINUATION:** ## **DIRECTORS’ & TRUSTEES’ STATEMENT 31 MAY 2024** The charitable company is constituted to hold the assets and manage the affairs of Long Lane Junior Football Club. On 1 December 2004 the bar and catering activities of the company were split out and taken over by a trading subsidiary, Long Lane Catering Ltd. Debtors include a net amount of £164,821 representing expenses attributable to Long Lane Catering not yet reimbursed. For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities:  The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476,  The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime The directors who served for the year were: K. Buck, D.J. O'Connor and O. McGahey. In the preparation of the company’s annual accounts, the directors have taken account of the provisions of SORP 2000. Approved by the Board on - - - - - - - - - - - 2024 and signed on its behalf by: - - - - - - - - - - - - - Registered Office: 74 Little Heath Road Bexleyheath Kent DA7 5HW **LONG LANE JFC LIMITED** ## **NOTES TO THE ACCOUNTS 31 MAY 2024** ## **1) Accounting Policies** ## _Basis of Accounting_ The accounts have been prepared under the historical cost convention. ## _Turnover_ Turnover represents invoiced sales net of VAT ## _Tangible Fixed Assets_ Depreciation is provided on a reducing balance basis, after taking account of any grants receivable, at the following annual rates: Leasehold Property - Straight line over life of lease Football Equip’t - 33% Reducing Balance Fixtures & Fittings - 20% Reducing Balance Motor Vehicles - 25% Reducing Balance ## _Stocks_ Stock is valued at the lower of cost and net realisable value. ## **2) Income** Voluntary income and donations are accounted for as received by the charity. ## **3) Operating Surplus/(Loss)** The operating surplus/(loss) is stated after charging: |Depreciation & similar amounts
Auditor/Accountant remuneration
**4) Debtors**
Accounts Receivable
Other
Long Lane Catering|2024
£
29,090
1,296
=====
2024
0
0
164,821
164,821|2023
£
32,570
1,353
=====
2023
97,497
0
164,821| |---|---|---| |||
262,318| It was decided at the 2024 AGM to write off historical debtors brought forward which it was agreed were not collectible and which distorted the club’s financial position ## **LONG LANE JFC LIMITED** ## **NOTES TO THE ACCOUNTS 31 MAY 2024** ## **5) Fixed Assets** |Cost
1 June 2023
Additions
Disposals
31 May 2024
Depreciation
1 June 2023
Charge for Year
31 May 2024
Net Book Values
1 June 2023
31 May 2024|**Short**
**Fixtures**
**Leasehold**
**Football**
**Fittings &**
**Motor**
**Property**
**Equip’t**
**Equip’t**
**Vehicles**
**Total**
**£**
**£**
**£**
**£**
**£**
1,284,429
43,257
492,055
12,269
1,832,010
0
0
0
0
0
0
0
0
20,040
20,040| |---|---| ||

1,284,429
43,257
492,055
32,309
1,852,050| ||




1,284,429
43,257
344,466
4,503
1,676,655
0
0
22,138
6,952
29,090
1,284,429
43,257
366,604
11,455
1,705,745
0
0
147,589
7,766
155,355
=======
=====
=====
====
=======
0
0
125,451
20,854
146,305
=======
=====
=====
====
=======| ## **6) Write Down of Short Leasehold** This issue was discussed at the company's AGM on 3 July 2017. It was suggested that the accounts were distorted by the inclusion of the leasehold property. Research by the company's management had established that no-one at the club or in Greenwich Council could explain why the lease was carried in the club's books at such a high value, as the club could not sell or transfer it or benefit from it financially in any reasonable way. The depreciation of the lease distorted the Profit and Loss account by adding £42k depreciation to the expenses. The matter had been discussed with Greenwich Council and it was agreed by the AGM that the property lease should be retained in the accounts but that its value should be reduced to nil. |**8) Funds**|**2024**|**2023**| |---|---|---| ||**£**|**£**| |Brought Forward Fund|304,470|229,719| |Profit/(Loss)|(107,869)|74,751| |Total Funds|196,601|304,470| ||=======|=======| |**For**|**management information**|**only.**| ## **This page does not form part of the statutory accounts.** ## **LONG LANE JFC LIMITED DETAILED PROFIT & LOSS ACCOUNT 31 MAY 2024** |||**May**||**May**| |---|---|---|---|---| |||**2024**||**2023**| ||**£**|**£**|**£**|**£**| |**Income**||||| |Sponsorship & Gifts||16,821||15,936| |Season’s Donations||29,184||72,370| |Pitch Donations||162,867||95,732| |Fund Raising||1,310||1,035| |Football Tournaments||3,809||925| |Other Income||44,171||19,622| |Grants Received||15,238||35,322| |||**273,400**||**240,942**| |**Resources Expended**||(266,755)||(166,491)| |**Other Income & Expenses**||||| |Interest Receivable||966||291| |Intercompany Adjustment||0||9| |Debtors Adjustment||(115,480)||(0)| |**Retained Surplus/(Loss) for Year**||**(107,869)**||**74,751**| |||======||======| **For management information only.** ## **This page does not form part of the statutory accounts.** ## **LONG LANE JFC LIMITED DETAILED PROFIT & LOSS ACCOUNT CONTINUATION 31 MAY 2024** ## **Analysis of Resources Expended** |**2024**
£
Salary & Wages
83,157
PAYE & N.I.
2,700
Pension& Other Staff Costs
1,595
Rent
6,000
Heat & Light
21,943
Cleaning & Waste
4,254
Repairs & Maintenance
15,373
Pitch Renovation
35,563
Capitalised Astro Adjustment
(0)
Less Reimbursements
(0)
Insurance & Service Contracts
7,659
League & Coaching Costs
14,635
Sportswear, Equipment & Medals
7,536
Fund-raising Events & Functions
7,226
Licences & Permits
1,402
Printing Postage & Stationery
2,173
Office & Computer Costs
4,741
Telephone
4,303
Vehicle Expenses
7,146
Travel & Subsistence
620
Legal, Professional & Payroll
0
Accounting & Consultancy
1,296
Bank Charges
6,214
General Expenses
760
Bad Debts
0
Advertising
1,369
Depreciation on Equipment
0
Depreciation on Fittings
22,138
Depreciation on Vehicle
6,952
LL Catering Contribution to Dep'n
0
**266,755**
**=====**|**2023**
£
100,610
1,792
1,199
6,000
19,158
3,392
3,684
37,222
(99,000)
(5,750)
6,077
13,427
8,408
6,447
2,264
1,495
4,122
4,036
8,166
0
6,702
1,353
2,803
0
0
314
0
29981
2,589
0| |---|---| ||**166,491**
**=====**|