REGISTERED COMPANY NUMBER: 05513835 (England and Wales) REGISTERED CHARITY NUMBER: 1123679
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2021
for
AEK BOCO FC LTD
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
AEK BOCO FC LTD
Contents of the Financial Statements for the Year Ended 31 May 2021
| 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 |
AEK BOCO FC LTD
Report of the Trustees for the Year Ended 31 May 2021
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 31 May 2021. 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 objective of the charity is to promote community participation in healthy recreation through the provision of facilities for playing football.
The main activities of the charity are coaching and arranging amateur association football matches for its members.The membership is open to the wider section of the public.
Grantmaking
The Charity does not make any grants.
Volunteers
The charity is run by volunteers who are not entitled to remuneration.
FINANCIAL REVIEW
Principal funding sources
Charity's principal source of funds are income from member's voluntary subscriptions, registration fees, sponsorships, grants ,donations from the public and Gift Aid payment from the subsidiary etc.
Funds in deficit
There are no funds in deficit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Tha charity is controlled by its governing document, Memorandum and Articles of Association , and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
05513835 (England and Wales)
Registered Charity number 1123679
Registered office
Redland House 157 Redland Road Bristol
Trustees
J Withey
Directors
D Russell J Winter
Company Secretary
R Hemmings
Independent Examiner
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
Approved by order of the board of trustees on 16 August 2021 and signed on its behalf by:
Page 1
AEK BOCO FC LTD Report of thè Trust8es lor the Ye•r Ended 31 May 2021 J Withey- Trustee Pagè 2
Independent Examiner's Report to the Trustees of AEK BOCO FC LTD
Independent examiner's report to the trustees of AEK BOCO FC LTD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2021.
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:
-
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
-
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
-
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.
D R Patel Senior Partner Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
Date: .............................................
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AEK BOCO FC LTD
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 May 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,205 Charitable activities Christmas Party - Presentation Evening - Other trading activities 2 4,200 Investment income 3 9 Other income 550 Total 67,964 EXPENDITURE ON Charitable activities Tour - Football Club 27,913 Presentation Evening - Kids Party - Other 19,887 Total 47,800 NET INCOME/(EXPENDITURE) 20,164 RECONCILIATION OF FUNDS Total funds brought forward 244,014 TOTAL FUNDS CARRIED FORWARD 264,178 |
2020 Total funds £ 50,876 300 12,895 2,001 23 45 |
|---|---|
| 66,140 287 55,725 2,393 720 23,834 |
|
| 82,959 | |
| (16,819) 260,833 |
|
| 244,014 |
The notes form part of these financial statements
Page 4
AEK BOCO FC LTD
Balance Sheet
31 May 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 178,912 CURRENT ASSETS Debtors: amounts falling due within one year 9 20,537 Investments 10 100 Cash at bank and in hand 69,218 89,855 CREDITORS Amounts falling due within one year 11 (4,589) NET CURRENT ASSETS 85,266 TOTAL ASSETS LESS CURRENT LIABILITIES 264,178 NET ASSETS 264,178 FUNDS 12 Unrestricted funds: General fund 264,178 TOTAL FUNDS 264,178 |
2020 Total funds £ 144,878 18,108 100 87,628 |
|---|---|
| 105,836 (6,700) |
|
| 99,136 | |
| 244,014 | |
| 244,014 | |
| 244,014 | |
| 244,014 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.
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 16 August 2021 and were signed on its behalf by:
J Withey - Trustee
The notes form part of these financial statements
Page 5
AEK BOCO FC LTD
Notes to the Financial Statements
for the Year Ended 31 May 2021
1. 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.
Preparation of consolidated financial statements
AEK Boco FC Ltd owns 100% shares in it's subsidiary company named as AEK Boco FC Trading Limited.The financial statements contain information about AEK Boco FC Ltd as an individual charitable company and do not contain consolidated financial information as the parent of the group. The Company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.
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.
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.
| Club House | - Not Provided (See note below) |
|---|---|
| Fixtures and fittings | - 15% on reducing balance basis |
| Motor vehicles | - 25% on reducing balance basis |
| Computer equipment | - 33.33% on reducing balance |
The directors and trustees have carried out a full impairment review in accordance with FRS 11, as a result of which no depreciation charge is made in respect of Club House on the ground that the estimated residual value is not materially different from its carrying value in the Balance Sheet.
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 are recognised in income when the grant proceeds are receivable provided that the terms of the grant do not impose future performance related conditions, as allowed by the performance model under FRS 102.
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continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued
for the Year Ended 31 May 2021
2. OTHER TRADING ACTIVITIES
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Raffles | - | 1,274 |
| Charity Match | 3,700 | - |
| Kit Money | 500 | - |
| Fund Raising Events | - | 520 |
| Merchandise sales | - | 207 |
| 4,200 | 2,001 | |
| INVESTMENT INCOME | ||
| 2021 | 2020 | |
| £ | £ | |
| Deposit account interest | 9 | 23 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2021 | 2020 | |
| £ | £ | |
| Depreciation - owned assets | 3,158 | 3,795 |
3. INVESTMENT INCOME
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
6. STAFF COSTS
The average number of employees during the year was 0 (2020: 0).
The average monthly number of employees during the year was as follows:
7.
| No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Christmas Party Presentation Evening Other trading activities Investment income Other income Total |
2021 2020 Unrestricted fund £ 50,876 300 12,895 2,001 23 45 66,140 |
|---|---|
EXPENDITURE ON
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continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Charitable activities Tour Football Club Presentation Evening Kids Party Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS Fixtures Club and House fittings £ £ COST At 1 June 2020 130,293 32,144 Additions 33,252 3,940 At 31 May 2021 163,545 36,084 DEPRECIATION At 1 June 2020 - 20,861 Charge for year - 2,283 At 31 May 2021 - 23,144 NET BOOK VALUE At 31 May 2021 163,545 12,940 At 31 May 2020 130,293 11,283 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR AEK Boco FC Trading Ltd Gift Aid Tax Refund Due Prepayments |
Motor vehicles £ 9,395 - 9,395 6,686 677 7,363 2,032 2,709 |
Unrestricted fund £ 287 55,725 2,393 720 23,834 82,959 (16,819) 260,833 244,014 Computer equipment Totals £ £ 1,665 173,497 - 37,192 1,665 210,689 1,072 28,619 198 3,158 1,270 31,777 395 178,912 593 144,878 2021 2020 £ £ 19,872 17,546 496 - 169 562 20,537 18,108 |
|---|---|---|
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continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
10. CURRENT ASSET INVESTMENTS
| Shares in group undertakings 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses 12. MOVEMENT IN FUNDS At 1.6.20 £ Unrestricted funds General fund 244,014 TOTAL FUNDS 244,014 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 67,964 TOTAL FUNDS 67,964 Comparatives for movement in funds At 1.6.19 £ Unrestricted funds General fund 260,833 TOTAL FUNDS 260,833 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 66,140 TOTAL FUNDS 66,140 |
||
|---|---|---|
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continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued
for the Year Ended 31 May 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.6.19 £ 260,833 260,833 |
Net movement in funds £ 3,345 3,345 |
At 31.5.21 £ 264,178 |
|---|---|---|---|
| 264,178 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 134,104 | (130,759) | 3,345 |
| TOTAL FUNDS | 134,104 | (130,759) | 3,345 |
13. RELATED PARTY DISCLOSURES
Amount advanced to 100% subsidiary company AEK Boco FC (Trading) Ltd at 31 May 2021 is £19,872.25 (2020, £17,546.23).
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AEK BOCO FC LTD
Detailed Statement of Financial Activities for the Year Ended 31 May 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 1,210 | - |
| Gift Aid Tax Refund | 496 | 778 |
| Grants | 22,500 | 16 |
| Subscriptions | 31,907 | 36,941 |
| Sponsorships | 4,402 | 8,180 |
| Registration | 2,690 | 4,961 |
| 63,205 | 50,876 | |
| Other trading activities | ||
| Raffles | - | 1,274 |
| Charity Match | 3,700 | - |
| Kit Money | 500 | - |
| Fund Raising Events | - | 520 |
| Merchandise sales | - | 207 |
| 4,200 | 2,001 | |
| Investment income | ||
| Deposit account interest | 9 | 23 |
| Charitable activities | ||
| Christmas Party | - | 300 |
| Presentation Evening | - | 12,895 |
| - | 13,195 | |
| Other income | ||
| Other Income | 550 | 45 |
| Total incoming resources | 67,964 | 66,140 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trophies & Prizes | 2,950 | 3,594 |
| Football Equipments & Kits | 3,795 | 10,205 |
| Registration Fees | 339 | 2,381 |
| Pitch Maintenance | 14,466 | 12,012 |
| Pitch Hire & Training cost | 1,823 | 21,772 |
| Presentation Evening | - | 1,078 |
| Tour Cost | - | 287 |
| Referee Fees | 2,362 | 4,965 |
| Kids Party | 504 | 720 |
| Adults Christmas Party | - | 46 |
| Prize Money | 1,660 | - |
| Fines | 14 | 600 |
| Equipment Hiring | - | 1,315 |
| 27,913 | 58,975 | |
| Support costs | ||
| Management | ||
| Rates and water | 109 | 712 |
| Carried forward | 109 | 712 |
This page does not form part of the statutory financial statements
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AEK BOCO FC LTD
Detailed Statement of Financial Activities
| Management Brought forward Insurance & Licenses Light and heat Telephone Postage ,stationery & advert. Motor & Travelling Expenses Cleaning & Sundries Fees & Licenses Repairs & Renewals Accountancy Data Processing Charitable Donations paid Professional Charges Fixtures and fittings Motor vehicles Computer equipment Total resources expended Net income/(expenditure) |
for the Year Ended 31 May 2021 2021 2020 £ £ 109 712 1,585 3,167 4,574 3,723 - 293 970 948 910 604 180 375 140 150 1,044 2,488 1,488 1,488 2,520 1,800 1,270 925 1,938 3,516 2,284 2,356 677 1,081 198 358 19,887 23,984 47,800 82,959 20,164 (16,819) |
|---|---|
This page does not form part of the statutory financial statements
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