COMPANY REGISTRATION NUMBER: 05366550 CHARITY REGISTRATION NUMBER: 1122690
Teesside Athletic Football Club Limited Company Limited by Guarantee Unaudited Financial Statements
31 August 2024
CENSIS
Chartered accountants Exchange Building 66 Church Street Hartlepool TS24 7DN
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to thetrustees | 3 |
| Statement of financial activities (including income and | |
| expenditure account) | 4 |
| Statement of financial position | 5 |
| Notes to the financial statements | 6 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 14 |
| Notes to the detailed statement of financial activities | 16 |
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
Reference and administrative details
Registered charity name Teesside Athletic Football Club Limited Charity registration number 1122690 Company registration number 05366550 Principal office and registered 53 Fernwood office Redcar TS10 4NF The trustees R McKnight (Resigned 23 January 2025) K D Fryett V J Peel A Taylor Company secretary K Fryett Independent examiner Censis Exchange Building 66 Church Street Hartlepool TS24 7DN
Structure, governance and management
The organisation is a charitable company limited by guarantee and registered with the Charity Commission of England and Wales on 7 February 2008. The charity is governed by its memorandum and articles adopted 16 February 2005.
1
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 August 2024
Objectives and activities
The objects of the charity are:
-
For the benefit of the inhabitants of Redcar & Cleveland and the surrounding area, to promote community participation in healthy recreation, in particular by the provision of facilities for the playing of football.
-
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances, with the object of improving their conditions of life.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
Achievements and performance
The trustees' annual report must contain a summary of the main achievements of the charity. Please populate ReportPad AchievementsAndPerformance.
Financial review
The unrestricted reserves of the charity at 31 August 2024 amounted to £175,016 of which free reserves (i.e. those not tied up in fixed assets) amounted to £86,009.
The trustees actively review the major risks which the charity face on a regular basis and believe that maintaining our free reserves at the levels stated above, will provide sufficient resources in the event of adverse conditions.
The trustees' annual report and the strategic report were approved on 30/08/2025 & signed on behalf of the board of trustees by:
K D Fryett Trustee
K Fryett
2
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Teesside Athletic Football Club Limited
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Teesside Athletic Football Club Limited ('the charity') for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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
-
the financial statements 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.
Censis Independent Examiner Exchange Building 66 Church Street Hartlepool TS24 7DN
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 August 2024
| 2024 | 2024 | 2023 | |||
|---|---|---|---|---|---|
| Unrestricted | |||||
| funds | Total funds | Total funds | |||
| Note | £ | £ | £ | ||
| Income and endowments | |||||
| Donations and legacies | 5 | 66,103 | 66,103 | 58,339 | |
| Charitable activities | 6 | 7,144 | 7,144 | 7,496 | |
| Investment income | 7 | – | – | 16 | |
| Total income | 73,247 COUN |
= | 73,247 OMOmmm |
65,851 §oiooomom |
|
| COUN | = | OMOmmm | §oiooomom | ||
| Expenditure | |||||
| Expenditure on charitable activities | 8 | 55,931 | 55,931 | 74,045 | |
| Total expenditure | 55,931 COUN |
= | 55,931 OMOmmm |
74,045 §oiooomom |
|
| COUN | = | OMOmmm | §oiooomom | ||
| Net income/(expenditure) and net movement in funds | 17,316 COUN |
= | 17,316 OMOmmm |
(8,194) §oiooomom |
|
| COUN | = | OMOmmm | §oiooomom | ||
| Reconciliation of funds | |||||
| Total funds brought forward | 157,700 | 157,700 | 165,894 | ||
| Total funds carried forward | 175,016 TO |
= | 175,016 CU@mm |
157,700 Cittimmm |
|
| TO | = | CU@mm | Cittimmm |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 6 to 12 form part of these financial statements.
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 13 | 89,007 | 98,897 |
| Current assets | |||
| Debtors | 14 | 39,307 | 41,446 |
| Cash at bank and in hand | 47,902 | 17,357 | |
| 87,209 COO |
58,803 ———~—«C<TITT |
||
| Creditors: amounts falling due within one year | 15 | 1,200 | – |
| Net current assets | 86,009 COO |
58,803 ———~—«C<TITT |
|
| Total assets less current liabilities | 175,016 157,700 COOUOOOM———sET} |
||
| Net assets | 175,016 157,700 COOUOOOM———sET} |
||
| COOUOOOM———sET} | |||
| Funds of the charity | |||
| Unrestricted funds | 175,016 | 157,700 | |
| Total charity funds | 16 | 175,016 COO |
157,700 so} |
| OOO | Coin |
For the year ending 31 August 2024 the charity 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 financial statements 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 financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on . ........................ , and are signed on behalf of the board by:
K D Fryett Trustee
The notes on pages 6 to 12 form part of these financial statements.
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 53 Fernwood, Redcar, TS10 4NF.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
3. Accounting policies (continued)
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Long leasehold property | - 10% reducing balance |
|---|---|
| Plant and machinery | - 10% reducing balance |
| Fixtures and fittings | - 10% reducing balance |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
4. Limited by guarantee
Teesside Athletic Football Club is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member.
5. Donations and legacies
| UnrestrictedTotal Funds | UnrestrictedTotal Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Donations | ||||
| RAFC Income | 31,045 | 31,045 | 13,338 | 13,338 |
| Grants | ||||
| The Football Foundation | 12,662 | 12,662 | 12,662 | 12,662 |
| The National Lottery Community Fund | 18,740 | 18,740 | 9,880 | 9,880 |
| Tees Valley Community Foundation | 2,500 | 2,500 | – | – |
| Groundworks Uk | 1,000 | 1,000 | – | – |
| Subscriptions | ||||
| Subscriptions | 156 | 156 | 22,459 | 22,459 |
| OO0000505 | OO0000505 | OOoOoo0MO | oOooo000005 | |
| 66,103 | 66,103 | 58,339 | 58,339 | |
| Coon) | COO) | COO) | Coon) |
6. Charitable activities
| UnrestrictedTotal Funds | UnrestrictedTotal Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Rent received | 4,650 | 4,650 | 4,320 | 4,320 |
| Cafe income | 2,494 | 2,494 | 3,176 | 3,176 |
| 7,144 Comm) |
7,144 Coon) |
7,496 COO) |
7,496 Comm) |
|
| Comm) | Coon) | COO) | Comm) | |
| Investment income | ||||
| UnrestrictedTotal Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest received | – | – | 16 | 16 |
| oD | oD | oc | com |
7. Investment income
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
8. Expenditure on charitable activities by fund type
| UnrestrictedTotal Funds | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| General | 55,931 | 55,931 | 74,045 | 74,045 | |
| COOOOonoT) | COOOOOW) | COOOonO) | Coon) | ||
| 9. | Net income/(expenditure) | ||||
| Net income/(expenditure) is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 9,890 | 10,989 | |||
| Coon) | COOOOOn] | ||||
| 10. Independent examination fees | 10. Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 1,200 | – | |||
| Coon) | oD |
11. Staff costs
The average head count of employees during the year was Nil (2023: Nil).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
13. Tangible fixed assets
| Long | |||||
|---|---|---|---|---|---|
| leasehold | Plant and Fixtures and | Plant and Fixtures and | |||
| property | machinery | fittings | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 September 2023 and | |||||
| 31 August 2024 | 58,695 | 30,101 | 87,622 | 176,418 | |
| OOoOoo0MO | Comoonnon 4} | OOoOoo0MO | COO | ||
| Depreciation | |||||
| At 1 September 2023 | 26,544 | 11,815 | 39,162 | 77,521 | |
| Charge for the year | 3,215 | 1,829 | 4,846 | 9,890 | |
| At 31 August 2024 | 29,759 Comoonnon 4} |
13,644 Conon |
44,008 Coonnono) |
87,411 Coon |
|
| Comoonnon 4} | Conon | Coonnono) | Coon | ||
| Carrying amount | |||||
| At 31 August 2024 | 28,936 | 16,457 | 43,614 | 89,007 | |
| At 31 August 2023 | 32,151 Comoonnon 4} |
18,286 Conon |
48,460 Coonnono) |
98,897 Coon |
|
| Comoonnon 4} | Conon | Coonnono) | Coon | ||
| 14. Debtors | 14. Debtors | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Amounts owed by undertakings in which the charity has a | Amounts owed by undertakings in which the charity has a | ||||
| participating interest | 36,775 | 38,914 | |||
| Other debtors | 2,532 | 2,532 | |||
| 39,307 Cooooon) |
41,446 Conon |
||||
| Cooooon) | Conon | ||||
| 15. Creditors: amounts falling due within one year | 15. Creditors: amounts falling due within one year | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Accruals and deferred income | 1,200 | – | |||
| Coon) | oD |
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 August 2024
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 September | 31 August | |||
| 2023 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| General funds | 157,700 | 73,247 | (55,931) | (55,931) 175,016 |
| COUN | Eo | os | ||
| At | ||||
| 1 September | At 31 August | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | 165,894 | 65,851 | (74,045) | (74,045) 157,700 |
| COUN | Eo | os | ||
| 17. Analysis of net assets between funds | 17. Analysis of net assets between funds | |||
| Unrestricted | Total Funds | |||
| Funds | 2024 | |||
| £ | £ | |||
| Tangible fixed assets | 89,007 | 89,007 | ||
| Current assets | 87,209 | 87,209 | ||
| Creditors less than 1 year | (1,200) | (1,200) (1,200) |
||
| TO Cooomonm |
||||
| Net assets | 175,016 | 175,016 | ||
| TO Cooomonm |
||||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Tangible fixed assets | 98,897 | 98,897 | ||
| Current assets | 58,803 | 58,803 | ||
| Creditors less than 1 year | – | – | ||
| TO Cooomonm |
||||
| Net assets | 157,700 | 157,700 | ||
| TO Cooomonm |
17. Analysis of net assets between funds
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Management Information
Year ended 31 August 2024
The following pages do not form part of the financial statements.
Teesside Athletic Football Club Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 August 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| RAFC Income | 31,045 | 13,338 |
| The Football Foundation | 12,662 | 12,662 |
| The National Lottery Community Fund | 18,740 | 9,880 |
| Tees Valley Community Foundation | 2,500 | – |
| Groundworks Uk | 1,000 | – |
| Subscriptions | 156 | 22,459 |
| 66,103 Coonnono) |
58,339 Conon |
|
| Coonnono) | Conon | |
| Charitable activities | ||
| Rent received | 4,650 | 4,320 |
| Cafe income | 2,494 | 3,176 |
| 7,144 Coon) |
7,496 Comm) |
|
| Coon) | Comm) | |
| Investment income | ||
| Bank interest received | – | 16 |
| oD | oD | |
| Total income | 73,247 Coonnono) |
65,851 Conon |
| Coonnono) | Conon | |
| Expenditure on charitable activities | ||
| Rent | 2,375 | 2,370 |
| Insurance | 4,004 | 3,521 |
| Light and heat | 12,411 | 12,323 |
| Repairs and maintenance | 8,026 | 2,111 |
| Pitch maintenance | 16,215 | 36,373 |
| Cafe purchases | – | 4,697 |
| Subscriptions | 164 | 164 |
| Accountancy | 1,200 | 130 |
| Telephone | 607 | 705 |
| Depreciation | 9,890 | 10,989 |
| Interest on bank loans and overdrafts | 294 | 418 |
| Sundries | 647 | – |
| Bank charges | 98 | 244 |
| Total expenditure | 55,931 Coonnono) Coonnono) |
74,045 Conon Conon |
14