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 2023
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 2023
| 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 2023
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 2023. 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 Mr R Hemmings L Howard Mr J E Winter
Company Secretary
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 6 November 2023 and signed on its behalf by:
Page 1
AEK BOCO FC LTD Report of the Trust8es lor the Year Ended 31 May 2 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 2023.
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
Wormald & Partners Chartered Accountants (ICAEW) Redland House 157 Redland Road Redland Bristol BS6 6YE
Date: .............................................
Page 3
AEK BOCO FC LTD
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) for the Year Ended 31 May 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 209,478 Other trading activities 2 12,065 Investment income 3 152 Other income 4,284 Total 225,979 EXPENDITURE ON Raising funds 1,395 Charitable activities Adults Annual Events 4,642 Football Club 65,905 Christmas Party 681 Presentation Evening 3,984 Kids Party - Other 63,630 Total 140,237 NET INCOME 85,742 RECONCILIATION OF FUNDS Total funds brought forward 421,499 TOTAL FUNDS CARRIED FORWARD 507,241 |
2022 Total funds £ 254,763 3,482 4 210 |
|---|---|
| 258,459 | |
| 648 - 51,442 600 867 727 46,854 |
|
| 101,138 | |
| 157,321 264,178 |
|
| 421,499 |
The notes form part of these financial statements
Page 4
AEK BOCO FC LTD
Balance Sheet
31 May 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 308,591 CURRENT ASSETS Debtors: amounts falling due within one year 9 33,951 Investments 10 100 Cash at bank and in hand 169,621 203,672 CREDITORS Amounts falling due within one year 11 (5,022) NET CURRENT ASSETS 198,650 TOTAL ASSETS LESS CURRENT LIABILITIES 507,241 NET ASSETS 507,241 FUNDS 12 Unrestricted funds: General fund 507,241 TOTAL FUNDS 507,241 |
2022 Total funds £ 290,815 30,025 100 105,408 |
|---|---|
| 135,533 (4,849) |
|
| 130,684 | |
| 421,499 | |
| 421,499 | |
| 421,499 | |
| 421,499 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 6 November 2023 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 2023
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.
Page 6
continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued
for the Year Ended 31 May 2023
2. OTHER TRADING ACTIVITIES
3.
4.
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Kit money | 106 | 1,623 |
| Fund raising events | 11,959 | 1,000 |
| Ticket sales | - | 859 |
| 12,065 | 3,482 | |
| INVESTMENT INCOME | ||
| 2023 | 2022 | |
| £ | £ | |
| Deposit account interest | 152 | 4 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2023 | 2022 | |
| £ | £ | |
| Depreciation - owned assets | 22,600 | 19,582 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2023 nor for the year ended 31 May 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2023 nor for the year ended 31 May 2022.
6. STAFF COSTS
The average number of employees during the year was 0 (2022: 0).
The average monthly number of employees during the year was as follows:
| No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Other income Total EXPENDITURE ON Raising funds Charitable activities Football Club Christmas Party Presentation Evening Kids Party |
2023 2022 Unrestricted fund £ 254,763 3,482 4 210 258,459 648 51,442 600 867 727 |
2023 2022 Unrestricted fund £ 254,763 3,482 4 210 258,459 648 51,442 600 867 727 |
|---|---|---|
| 258,459 | ||
| 648 51,442 600 867 727 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Page 7
continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| Other | 46,854 |
| Total | 101,138 |
| NET INCOME | 157,321 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 264,178 |
| TOTAL FUNDS CARRIED FORWARD | 421,499 |
8. TANGIBLE FIXED ASSETS
| Fixtures Club and house fittings £ £ COST At 1 June 2022 163,545 164,723 Additions - 2,516 At 31 May 2023 163,545 167,239 DEPRECIATION At 1 June 2022 - 41,138 Charge for year - 18,793 At 31 May 2023 - 59,931 NET BOOK VALUE At 31 May 2023 163,545 107,308 At 31 May 2022 163,545 123,585 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Charitable donation receivable AEK Boco FC Trading Ltd Prepayments |
Motor vehicles £ 9,395 37,860 47,255 7,871 3,086 10,957 36,298 1,524 |
Computer equipment £ 4,511 - 4,511 2,350 721 3,071 1,440 2,161 2023 £ 21,236 11,667 1,048 33,951 |
Totals £ 342,174 40,376 |
Totals £ 342,174 40,376 |
|---|---|---|---|---|
| 382,550 | ||||
| 51,359 22,600 |
||||
| 73,959 | ||||
| 308,591 | ||||
| 290,815 | ||||
| 2022 £ 8,580 20,576 869 |
||||
| 30,025 |
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Page 8
continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued
for the Year Ended 31 May 2023
10. CURRENT ASSET INVESTMENTS
| Shares in group undertakings 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 12. MOVEMENT IN FUNDS At 1.6.22 £ Unrestricted funds General fund 421,499 TOTAL FUNDS 421,499 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 225,979 TOTAL FUNDS 225,979 Comparatives for movement in funds At 1.6.21 £ Unrestricted funds General fund 264,178 TOTAL FUNDS 264,178 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 258,459 TOTAL FUNDS 258,459 |
||
|---|---|---|
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continued...
AEK BOCO FC LTD
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
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 1.6.21 £ 264,178 264,178 |
Net movement in funds £ 243,063 243,063 |
At 31.5.23 £ 507,241 |
|---|---|---|---|
| 507,241 |
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 | 484,438 | (241,375) | 243,063 |
| TOTAL FUNDS | 484,438 | (241,375) | 243,063 |
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).
Page 10
AEK BOCO FC LTD
Detailed Statement of Financial Activities for the Year Ended 31 May 2023
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Gift aid from subsidiary Grants Subscriptions Sponsorships Registration Other trading activities Kit money Fund raising events Ticket sales Investment income Deposit account interest Other income Other income Total incoming resources EXPENDITURE Other trading activities Fund raising exp Charitable activities Trophies and prizes Football equipments and kits Registration fees Pitch maintenance Pitch hire and training cost Presentation evening Kit washing Referee fees Adults christmas party Tournament expenses Fines Activity day Equipment hiring Support costs Management Rates and water Insurance and licenses Light and heat Postage, stationery and advert Motor and travelling expenses Carried forward |
2023 £ - - 21,236 76,551 92,611 12,282 6,798 209,478 106 11,959 - 12,065 152 4,284 225,979 1,395 4,022 15,189 3,807 3,414 20,809 3,984 - 10,251 681 4,459 176 620 7,440 74,852 1,051 7,103 9,162 2,899 2,993 23,208 |
2022 £ 400 679 8,580 155,418 73,766 11,348 4,572 |
|---|---|---|
| 254,763 1,623 1,000 859 |
||
| 3,482 4 210 |
||
| 258,459 648 - 11,742 4,033 7,082 18,771 867 170 8,229 1,754 185 76 727 - |
||
| 53,636 1,232 4,467 2,414 4,026 569 12,708 |
This page does not form part of the statutory financial statements
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AEK BOCO FC LTD
Detailed Statement of Financial Activities
for the Year Ended 31 May 2023
| Detailed Statement of Financial Activities for the Year Ended 31 May 2023 |
||
|---|---|---|
| Management Brought forward Fees and licenses Repairs and renewals Accountancy Data processing Charitable donations paid Depn of fixtures & fittings Depn of motor vehicles Depn of computer equipment Bank charges Total resources expended Net income |
2023 £ 23,208 360 13,913 1,501 2,160 - 18,793 3,086 720 249 63,990 140,237 85,742 |
2022 £ 12,708 470 7,694 1,440 2,160 2,800 17,994 508 1,080 - |
| 46,854 | ||
| 101,138 | ||
| 157,321 |
This page does not form part of the statutory financial statements
Page 12