```
REGISTERED COMPANY NUMBER: 05730024 (England and Wales)
REGISTERED CHARITY NUMBER: 1120272
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
for the Year Ended 30 June 2022
```
```
for
```
```
Omonia Youth (UK) Limited
```
```
Omonia Youth (UK) Limited
```
## **`Contents of the Financial Statements for the Year Ended 30 June 2022`**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11 to 12
**----- End of picture text -----**
```
Omonia Youth (UK) Limited
```
```
Report of the Trustees
for the Year Ended 30 June 2022
```
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreportwiththe financial
statementsofthecharityfortheyearended30June2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
```
TheCharityisgovernedbyitsMemorandumandArticlesofAssociation.Itsobjectsaretoprovidefacilitiesforhealthyrecreation and
sport for young people between the ages of 6 to 18.
```
```
Once the charity obtainedits charitablestatus, it took over the activitiesof Omonia Youth (UK), a youth club, with similar objects.All the
assets were donatedfrom that club to the new charityon the understandingthat the charitywouldcontinueto providesimilar facilities
and recreation as the old club.
```
```
Under the Memorandum and Articles of Association, the charity has the power to make any investments which the trustees see fit.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
The current season saw us get back to normal after the pandemic.The Girls sectionhas thrived with 6 teams now participating.For the
firsttimean U7 boysteamhas alsobeen createdin timeforthe 2022/23season.Our5-a-sidetournamentwasalsoheldwhichsaw a
modest profit. Fund raising has still been challenging as we get over the uncertainty of the last two years.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
The statementof financialactivitiesfor the periodis set out on page 4 of the financialstatements.The trusteesare optimisticthat the
following years will generate similar incoming resources.
```
```
The policyof the trusteesis to continueto maintainunrestrictedreservesat a reasonablelevelto fulfilthe objectsof the charityand to
providethesefacilitiesforhealthyrecreationinsubsequentyears.Thecharityshouldhaveminimumreservesofsixmonthsworth of
expenditure.Itisalsotheirpolicytotrytobuildupreserveswhenanopportunityarisesforthecharitytoacquireitsownground and
provide even better facilitiesfor these youngstersthe charity has sufficientreserves to be in a strong positionto take advantageof these
opportunities.
```
```
Asat30June2022readilyaccessiblereservesofthecharitywere£135,800(2021:£105,690)intheformofcash,asshownon the
balance sheet.
```
```
Thetrusteesactivelyreviewthemajorrisksfacedbythecharityandconfirmthattheyhaveestablishedsystemstomitigate financial
risks.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`**
```
The charityis controlledby its governingdocument,a deed of trust, and constitutesa limited company,limited by guarantee,as defined
by the Companies Act 2006.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
05730024 (England and Wales)
```
## **`Registered Charity number`**
```
1120272
```
## **`Registered office`**
```
Woodgate House
2-8 Games Road
Cockfosters
Hertfordshire
EN4 9HN
```
```
Page 1
```
```
Omonia Youth (UK) Limited
```
## **`Report of the Trustees`**
## **`for the Year Ended 30 June 2022`**
## **`Trustees`**
```
A Antoniou
J Castignetti
A P Charalambous
E Constanti
K Kyprianou
N C Zimaras
M Pieri (appointed 11.3.22)
D Shiamishis (appointed 11.3.22)
```
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relatingto small
companies.
```
```
Approved by order of the board of trustees on 29 March 2023 and signed on its behalf by:
```
```
N C Zimaras - Trustee
```
```
Page 2
```
```
Independent Examiner's Report to the Trustees of
Omonia Youth (UK) Limited
```
## **`Independent examiner's report to the trustees of Omonia Youth (UK) Limited ('the Company')`**
```
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Havingsatisfiedmyselfthat the accountsof the Companyare not requiredto be auditedunder Part16 of the 2006 Act and are eligible
forindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarriedoutundersection145of the
CharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharity Commission
under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe examinationgiving 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 havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshouldbe drawn in
this report in order to enable a proper understanding of the accounts to be reached.
```
```
Michael Omiros FCCA
Association of Chartered Certified Accountants
```
```
29 March 2023
```
```
Page 3
```
```
Omonia Youth (UK) Limited
```
## **`Statement of Financial Activities for the Year Ended 30 June 2022`**
|||`30.6.22`|`30.6.21`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`||`720`|`300`|
|**`Charitable activities`**||||
|`Income from charitable activities`||`163,248`|`104,669`|
|`Other trading activities`|`2`|`12,085`|`12,078`|
|`Investment income`|`3`|`20`|`12`|
|**`Total`**||`176,073`|`117,059`|
|**`EXPENDITURE ON`**||||
|**`Charitable activities`**||||
|`Expenditure on Charitable activities`||`139,195`|`100,243`|
|`Other`||`6,768`|`5,616`|
|**`Total`**||`145,963`|`105,859`|
|**`NET INCOME`**||`30,110`|`11,200`|
|**`RECONCILIATION OF FUNDS`**||||
|**`Total funds brought forward`**||`105,690`|`94,490`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`135,800`|`105,690`|
```
The notes form part of these financial statements
```
```
Page 4
```
```
Omonia Youth (UK) Limited
```
## **`Balance Sheet 30 June 2022`**
|`30.6.22`
`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Debtors`
`8`
`11,451`
`Cash at bank and in hand`
`148,569`
`160,020`
**`CREDITORS`**
`Amounts falling due within one year`
`9`
`(24,220)`
**`NET CURRENT ASSETS`**
`135,800`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`135,800`
**`NET ASSETS`**
`135,800`
**`FUNDS`**
`10`
`Unrestricted funds`
`135,800`
**`TOTAL FUNDS`**
`135,800`|`30.6.21`
`Total`
`funds`
`£`
`3,230`
`104,709`
`107,939`
`(2,249)`
`105,690`
`105,690`
`105,690`
`105,690`|
|---|---|
||`105,690`|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006fortheyear ended
30 June 2022.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyearended30June2022 in
accordance with Section 476 of the Companies Act 2006.
```
## `The trustees acknowledge their responsibilities for`
```
(a)ensuringthatthecharitablecompanykeepsaccountingrecordsthatcomplywithSections386and387oftheCompanies Act
2006 and
```
```
(b)preparingfinancialstatementswhichgive a true and fair viewof the stateof affairsof the charitablecompanyas at the end of
each financialyear and of its surplusor deficitfor each financialyear in accordancewiththe requirementsof Sections394 and
395andwhichotherwisecomplywiththerequirementsoftheCompaniesAct2006relatingtofinancialstatements,sofar as
applicable to the charitable company.
```
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitablecompaniessubjectto the
small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon29March2023andweresignedon its
behalf by:
```
```
N C Zimaras - Trustee
```
```
The notes form part of these financial statements
```
```
Page 5
```
```
Omonia Youth (UK) Limited
```
```
Notes to the Financial Statements
for the Year Ended 30 June 2022
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republicof Ireland'and the CompaniesAct 2006.The financialstatementshave been prepared under
the historical cost convention.
```
## **`Income`**
```
All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that
the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommittingthecharityto that
expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlementand the amountof the obligation
canbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhave 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.
```
```
Fixtures and fittings- 33% 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 at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictionsarise 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.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharitable company's
pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
```
## **`2. OTHER TRADING ACTIVITIES`**
|**`OTHER TRADING ACTIVITIES`**|||
|---|---|---|
||`30.6.22`|`30.6.21`|
||`£`|`£`|
|`Tournament income`|`12,085`|`12,078`|
```
continued...
```
```
Page 6
```
```
Omonia Youth (UK) Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`3. INVESTMENT INCOME`**
|`Deposit account interest`
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Sponsorship`
`Income from charitable activities`
`Subscriptions`
`Income from charitable activities`
`Grants`
`Income from charitable activities`
`Grants received, included in the above, are as follows:`
`Football Foundation`|`30.6.22`
`£`
`20`
`30.6.22`
`£`
`9,890`
`149,758`
`3,600`
`163,248`
`30.6.22`
`£`
`3,600`|`30.6.21`
`£`
`12`
`30.6.21`
`£`
`7,500`
`96,419`
`750`|
|---|---|---|
|||`104,669`|
|||`30.6.21`
`£`
`750`|
## **`4. INCOME FROM CHARITABLE ACTIVITIES`**
## **`5. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
```
## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||`Unrestricted`|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`300`|
|**`Charitable activities`**||
|`Income from charitable activities`|`104,669`|
|`Other trading activities`|`12,078`|
|`Investment income`|`12`|
|**`Total`**|`117,059`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`Expenditure on Charitable activities`|`100,243`|
|`Other`|`5,616`|
|**`Total`**|`105,859`|
|**`NET INCOME`**|`11,200`|
```
continued...
```
```
Page 7
```
```
Omonia Youth (UK) Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
|**`6.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`7.`**
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 July 2021 and 30 June 2022`
**`DEPRECIATION`**
`At 1 July 2021 and 30 June 2022`
**`NET BOOK VALUE`**
`At 30 June 2022`
`At 30 June 2021`
**`8.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Prepayments and accrued income`
**`9.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Accruals and deferred income`
**`10.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`94,490`
`105,690`
`Fixtures`
`and`
`fittings`
`£`
`4,484`
`4,484`
`-`
`-`
`30.6.22`
`30.6.21`
`£`
`£`
`11,451`
`3,230`
`30.6.22`
`30.6.21`
`£`
`£`
`24,220`
`2,249`
`Net`
`movement`
`At`
`At 1.7.21`
`in funds`
`30.6.22`
`£`
`£`
`£`
`105,690`
`30,110`
`135,800`
`105,690`
`30,110`
`135,800`|
|---|---|
```
continued...
```
```
Page 8
```
```
Omonia Youth (UK) Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`10. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`176,073`
`(145,963)`
`30,110`
`176,073`
`(145,963)`
`30,110`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`176,073`
`(145,963)`
`30,110`
`176,073`
`(145,963)`
`30,110`|
|---|---|---|
|||`30,110`|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At`
`At 1.7.20`
`in funds`
`30.6.21`
`£`
`£`
`£`
`94,490`
`11,200`
`105,690`
`94,490`
`11,200`
`105,690`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`117,059`
`(105,859)`
`11,200`
`117,059`
`(105,859)`
`11,200`|`Net`
`movement`
`At`
`At 1.7.20`
`in funds`
`30.6.21`
`£`
`£`
`£`
`94,490`
`11,200`
`105,690`
`94,490`
`11,200`
`105,690`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`117,059`
`(105,859)`
`11,200`
`117,059`
`(105,859)`
`11,200`|
|---|---|---|
|||`11,200`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Net`
`movement`
`At 1.7.20`
`in funds`
`£`
`£`
`94,490`
`41,310`
`94,490`
`41,310`|`At`
`30.6.22`
`£`
`135,800`|
|---|---|---|
|||`135,800`|
```
continued...
```
```
Page 9
```
```
Omonia Youth (UK) Limited
```
```
Notes to the Financial Statements - continued
for the Year Ended 30 June 2022
```
## **`10. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`293,132`
`(251,822)`
`41,310`
`293,132`
`(251,822)`
`41,310`|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`293,132`
`(251,822)`
`41,310`
`293,132`
`(251,822)`
`41,310`|
|---|---|---|
|||`41,310`|
## **`11. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 30 June 2022.
```
```
Page 10
```
```
Omonia Youth (UK) Limited
```
## **`Detailed Statement of Financial Activities for the Year Ended 30 June 2022`**
||`30.6.22`|`30.6.21`|
|---|---|---|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations`|`720`|`300`|
|**`Other trading activities`**|||
|`Tournament income`|`12,085`|`12,078`|
|**`Investment income`**|||
|`Deposit account interest`|`20`|`12`|
|**`Charitable activities`**|||
|`Sponsorship`|`9,890`|`7,500`|
|`Subscriptions`|`149,758`|`96,419`|
|`Grants`|`3,600`|`750`|
||`163,248`|`104,669`|
|**`Total incoming resources`**|`176,073`|`117,059`|
|**`EXPENDITURE`**|||
|**`Charitable activities`**|||
|`Kits and equipment`|`11,380`|`30,195`|
|`Training facilities`|`88,873`|`34,288`|
|`Ground maintenance`|`6,443`|`2,591`|
|`Pitches and referees`|`11,611`|`18,735`|
|`Tournament expenditure`|`9,381`|`8,440`|
|`Subscriptions and affiliations`|`6,580`|`4,630`|
|`Internet services`|`534`|`867`|
|`Stationery and printing`|`61`|`-`|
|`Insurance`|`590`|`267`|
|`Repairs and renewals`|`2,700`|`-`|
||`138,153`|`100,013`|
|**`Other`**|||
|`Presentation day expenses`|`5,417`|`-`|
|`Coaching and other courses`|`641`|`2,987`|
|`Other`|`210`|`1,129`|
|`Donations`|`500`|`1,500`|
||`6,768`|`5,616`|
|**`Support costs`**|||
|**`Finance`**|||
|`Bank charges`|`1,042`|`230`|
```
This page does not form part of the statutory financial statements
```
```
Page 11
```
```
Omonia Youth (UK) Limited
```
## **`Detailed Statement of Financial Activities`**
## **`for the Year Ended 30 June 2022`**
||`30.6.22`|`30.6.21`|
|---|---|---|
||`£`|`£`|
|`Total resources expended`|`145,963`|`105,859`|
|**`Net income`**|`30,110`|`11,200`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```