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← Aek-Boco FC Limited

2024-05-31-accounts

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 2024

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 2024

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 2024

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 2024. 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 R Hemmings L Howard 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 5 July 2024 and signed on its behalf by:

Page 1

AEK BOCO FC LTD

Report of the Trustees for the Year Ended 31 May 2024

J Withey - Trustee

Page 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 2024.

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:

  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

  2. 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

  3. 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 2024

2024
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
134,977
Charitable activities
Presentation Evening
9,215
Other trading activities
2
13,148
Investment income
3
826
Other income
2,722
Total
160,888
EXPENDITURE ON
Raising funds
400
Charitable activities
Adults Annual Events
-
Football Club
72,297
Christmas Party
900
Presentation Evening
4,149
Kids Party
41
Other
62,029
Total
139,816
NET INCOME
21,072
RECONCILIATION OF FUNDS
Total funds brought forward
507,241
TOTAL FUNDS CARRIED FORWARD
528,313		 2023
Total
funds
£
209,478
-
12,065
152
4,284
225,979
1,395
4,642
65,905
681
3,984
-
63,630
140,237
85,742
421,499
507,241

The notes form part of these financial statements

Page 4

AEK BOCO FC LTD

Balance Sheet

31 May 2024

2024
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
305,529
CURRENT ASSETS
Debtors: amounts falling due within one year
9
23,697
Investments
10
100
Cash at bank and in hand
206,761
230,558
CREDITORS
Amounts falling due within one year
11
(7,774)
NET CURRENT ASSETS
222,784
TOTAL ASSETS LESS CURRENT LIABILITIES
528,313
NET ASSETS
528,313
FUNDS
12
Unrestricted funds:
General fund
528,313
TOTAL FUNDS
528,313		 2023
Total
funds
£
308,591
33,951
100
169,621
203,672
(5,022)
198,650
507,241
507,241
507,241
507,241

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 5 July 2024 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 2024

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 2024

2. OTHER TRADING ACTIVITIES

2024 2023
£ £
Kit money - 106
Fund raising events 13,148 11,959
13,148 12,065
INVESTMENT INCOME
2024 2023
£ £
Deposit account interest 826 152
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Depreciation - owned assets 26,198 22,600
Surplus on disposal of fixed assets (5,337) -

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 2024 nor for the year ended 31 May 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.

6. STAFF COSTS

The average number of employees during the year was 0 (2023: 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
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Adults Annual Events
Football Club
Christmas Party
Presentation Evening		 2024
2023
Unrestricted
fund
£
209,478
12,065
152
4,284
225,979
1,395
4,642
65,905
681
3,984		 2024
2023
Unrestricted
fund
£
209,478
12,065
152
4,284
225,979
1,395
4,642
65,905
681
3,984
225,979
1,395
4,642
65,905
681
3,984

Page 7

continued...

AEK BOCO FC LTD

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
8.
TANGIBLE FIXED ASSETS
Fixtures
Club
and
house
fittings
£
£
COST
At 1 June 2023
163,545
167,239
Additions
-
25,829
Disposals
-
(9,200)
At 31 May 2024
163,545
183,868
DEPRECIATION
At 1 June 2023
-
59,931
Charge for year
-
16,624
Eliminated on disposal
-
(6,437)
At 31 May 2024
-
70,118
NET BOOK VALUE
At 31 May 2024
163,545
113,750
At 31 May 2023
163,545
107,308
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Charitable donation receivable
AEK Boco FC Trading Ltd
Prepayments		 Motor
vehicles
£
47,255
-
-
47,255
10,957
9,074
-
20,031
27,224
36,298		 Unrestricted
fund
£
63,630
140,237
85,742
421,499
507,241
Computer
equipment
Totals
£
£
4,511
382,550
70
25,899
-
(9,200)
4,581
399,249
3,071
73,959
500
26,198
-
(6,437)
3,571
93,720
1,010
305,529
1,440
308,591
2024
2023
£
£
-
21,236
22,625
11,667
1,072
1,048
23,697
33,951

Page 8

continued...

AEK BOCO FC LTD

Notes to the Financial Statements - continued

for the Year Ended 31 May 2024

10. CURRENT ASSET INVESTMENTS

Shares in group undertakings
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
12.
MOVEMENT IN FUNDS
At 1.6.23
£
Unrestricted funds
General fund
507,241
TOTAL FUNDS
507,241
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
160,888
TOTAL FUNDS
160,888
Comparatives for movement in funds
At 1.6.22
£
Unrestricted funds
General fund
421,499
TOTAL FUNDS
421,499
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
225,979
TOTAL FUNDS
225,979

Page 9

continued...

AEK BOCO FC LTD

Notes to the Financial Statements - continued for the Year Ended 31 May 2024

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 1.6.22
£
421,499
421,499		 Net
movement
in funds
£
106,814
106,814		 At
31.5.24
£
528,313
528,313

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 386,867 (280,053) 106,814
TOTAL FUNDS 386,867 (280,053) 106,814

13. RELATED PARTY DISCLOSURES

Amount advanced to 100% subsidiary company AEK Boco FC (Trading) Ltd at 31 May 2024 is £22,624.57 (2023, £11,666.70).

Page 10

AEK BOCO FC LTD

Detailed Statement of Financial Activities for the Year Ended 31 May 2024

INCOME AND ENDOWMENTS
Donations and legacies
Gift aid
Gift aid from subsidiary
Grants
Subscriptions
Sponsorships
Registration
Other trading activities
Kit money
Fund raising events
Investment income
Deposit account interest
Charitable activities
Presentation evening
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
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		 2024
£
1,621
-
13,254
103,992
4,892
11,218
134,977
-
13,148
13,148
826
9,215
2,722
160,888
400
4,825
15,420
4,308
6,784
26,335
4,149
10,157
900
3,121
1,347
41
-
77,387
1,089
7,815
9,255
1,443
3,003
22,605		 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

This page does not form part of the statutory financial statements

Page 11

AEK BOCO FC LTD

Detailed Statement of Financial Activities

Management
Brought forward
Fees and licenses
Repairs and renewals
Accountancy
Data processing
Depn of fixtures & fittings
Depn of motor vehicles
Depn of computer equipment
Bank charges
Finance
Loss on sale of tangible fixed assets
Total resources expended
Net income		 for the Year Ended 31 May 2024 2024
£
22,605
380
13,926
1,802
2,160
16,625
9,075
500
293
67,366
(5,337)
139,816
21,072		 2023
£
23,208
360
13,913
1,501
2,160
18,793
3,086
720
249
63,990
-
140,237
85,742

This page does not form part of the statutory financial statements

Page 12