**REGISTERED COMPANY NUMBER: 06893825 (England and Wales) REGISTERED CHARITY NUMBER: 1137671** ## **Report of the Trustees and** **Financial Statements for the Year Ended 31 August 2024** ## **for** **Queensbury Celtic Football Club Limited** Sharp Accountants 8 Allison Terrace Kirkhamgate Wakefield West Yorkshire WF2 0SL **Queensbury Celtic Football Club Limited** **Contents of the Financial Statements for the Year Ended 31 August 2024** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5 to 6| |**Notes to the Financial Statements**|7 to 14| |**Detailed Statement of Financial Activities**|15 to 16| ## **Queensbury Celtic Football Club Limited** ## **Report of the Trustees for the Year Ended 31 August 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 August 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** To advance the physical education of young people in West Yorkshire up to the age of 18 by coaching in and providing facilities for the game of football so as to develop their physical, mental and spiritual capabilities to enable them to grow to full maturity as individuals and members of society. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 06893825 (England and Wales) ## **Registered Charity number** 1137671 ## **Registered office** Queensbury Celtic Football Club Pit Lane Queensbury Bradford West Yorkshire BD13 1NB ## **Trustees** J A Peel H Pearson G Hunt R J Peel A C Maurice M D Swales ## **Independent Examiner** Sharp Accountants 8 Allison Terrace Kirkhamgate Wakefield West Yorkshire WF2 0SL Page 1 ## **Queensbury Celtic Football Club Limited** ## **Report of the Trustees** **for the Year Ended 31 August 2024** ## **CHARITABLE STATUS** The company registered as a charity on 1 September 2010. Approved by order of the board of trustees on 22 May 2025 and signed on its behalf by: H Pearson - Trustee Page 2 ## **Independent Examiner's Report to the Trustees of Queensbury Celtic Football Club Limited** ## **Independent examiner's report to the trustees of Queensbury Celtic Football Club Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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 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 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. Darren Sharp Sharp Accountants Kirkhamgate WF2 0SL 22 May 2025 Page 3 ## **Queensbury Celtic Football Club Limited** ## **Statement of Financial Activities for the Year Ended 31 August 2024** |**31/8/24**
Unrestricted
Restricted
**Total**
fund
funds
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**71,612**
**-**
**71,612**
Investment income
2
**164**
**-**
**164**
**Total**
**71,776**
**-**
**71,776**
**EXPENDITURE ON**
Raising funds
**80,786**
**-**
**80,786**
**NET INCOME/(EXPENDITURE)**
**(9,010)**
**-**
**(9,010)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**276,034**
**675,093**
**951,127**
**TOTAL FUNDS CARRIED FORWARD**
**267,024**
**675,093**
**942,117**|31/8/23
Total
funds
£
81,106
52| |---|---| ||81,158| ||77,094| ||4,064
947,063| ||951,127| The notes form part of these financial statements Page 4 ## **Queensbury Celtic Football Club Limited** ## **Balance Sheet 31 August 2024** |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Stocks
7
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
10
**NET ASSETS**
**FUNDS**
13
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
fund
£
**366,214**
**350**
**100**
**21,194**
**21,644**
**(13,772)**
**7,872**
**374,086**
**(107,062)**
**267,024**|Restricted
funds
£
**673,093**
**-**
**-**
**2,000**
**2,000**
**-**
**2,000**
**675,093**
**-**
**675,093**|**31/8/24**
**Total**
**funds**
**£**
**1,039,307**
**350**
**100**
**23,194**
**23,644**
**(13,772)**
**9,872**
**1,049,179**
**(107,062)**
**942,117**
**267,024**
**675,093**
**942,117**|31/8/23
Total
funds
£
1,039,522
1,650
100
42,672
44,422
(4,481)
39,941
1,079,463
(128,336)
951,127
276,034
675,093
951,127| |---|---|---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page 5 continued... ## **Queensbury Celtic Football Club Limited** ## **Balance Sheet - continued 31 August 2024** 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 22 May 2025 and were signed on its behalf by: M D Swales - Trustee H Pearson - Trustee The notes form part of these financial statements Page 6 ## **Queensbury Celtic Football Club Limited** **Notes to the Financial Statements for the Year Ended 31 August 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. ## **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. Fixtures and fittings - 15% on reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **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. continued... Page 7 ## **Queensbury Celtic Football Club Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||**31/8/24**|31/8/23| ||**£**|£| |Deposit account interest|**164**|52| |**NET INCOME/(EXPENDITURE)**||| |Net income/(expenditure) is stated after charging/(crediting):||| ||**31/8/24**|31/8/23| ||**£**|£| |Depreciation - owned assets|**6,743**|6,780| ## **3. NET INCOME/(EXPENDITURE)** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. |**5.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
81,106
-
Investment income
52
-
**Total**
81,158
-
**EXPENDITURE ON**
Raising funds
77,094
-
**NET INCOME**
4,064
-
**RECONCILIATION OF FUNDS**
Total funds brought forward
271,970
675,093|Total
funds
£
81,106
52| |---|---| ||81,158| ||77,094| ||4,064
947,063| continued... Page 8 ## **Queensbury Celtic Football Club Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** |**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |||fund|funds|funds| |||£|£|£| ||**TOTAL FUNDS CARRIED FORWARD**|276,034|675,093|951,127| |**6.**|**TANGIBLE FIXED ASSETS**|||| ||||Fixtures|| |||Freehold|and|| |||property|fittings|Totals| |||£|£|£| ||**COST**|||| ||At 1 September 2023|**1,001,101**|**59,652**|**1,060,753**| ||Additions|**-**|**6,528**|**6,528**| ||At 31 August 2024|**1,001,101**|**66,180**|**1,067,281**| ||**DEPRECIATION**|||| ||At 1 September 2023|**-**|**21,231**|**21,231**| ||Charge for year|**-**|**6,743**|**6,743**| ||At 31 August 2024|**-**|**27,974**|**27,974**| ||**NET BOOK VALUE**|||| ||At 31 August 2024|**1,001,101**|**38,206**|**1,039,307**| ||At 31 August 2023|1,001,101|38,421|1,039,522| |**7.**|**STOCKS**|||| ||||**31/8/24**|31/8/23| ||||**£**|£| ||Stocks||**350**|1,650| continued... Page 9 ## **Queensbury Celtic Football Club Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** |**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31/8/24**
**£**
Trade debtors
**100**
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31/8/24**
**£**
Bank loans and overdrafts (see note 11)
**11,982**
Accruals and deferred income
**1,790**
**13,772**
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**31/8/24**
**£**
Bank loans (see note 11)
**107,062**
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
**31/8/24**
**£**
Amounts falling due within one year on demand:
Bank loans
**11,982**
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
**107,062**|31/8/23
£
100
31/8/23
£
2,690
1,791
4,481
31/8/23
£
128,336| |---|---| ||31/8/23
£
2,690| ||128,336| continued... Page 10 ## **Queensbury Celtic Football Club Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **12. SECURED DEBTS** The following secured debts are included within creditors: Bank loans |**31/8/24**|31/8/23| |---|---| |**£**|£| |**119,044**|131,026| The long term bank loan with Charity Bank is secured and requires that the company has a minimum of £7,000 in it's deposit account at all times. ## **13. MOVEMENT IN FUNDS** |**Unrestricted funds**
General fund
**Restricted funds**
Revaluation reserve
Football Foundation
Sport England
Sovereign
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/9/23
£
**276,034**
**233,451**
**377,642**
**50,000**
**14,000**
**675,093**
**951,127**
Incoming
resources
£
**71,776**
**71,776**|Net
movement
At
in funds
31/8/24
£
£
**(9,010)**
**267,024**
**-**
**233,451**
**-**
**377,642**
**-**
**50,000**
**-**
**14,000**
**-**
**675,093**
**(9,010)**
**942,117**
Resources
Movement
expended
in funds
£
£
**(80,786)**
**(9,010)**
**(80,786)**
**(9,010)**| |---|---|---| continued... Page 11 ## **Queensbury Celtic Football Club Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **13. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1/9/22
£
**Unrestricted funds**
General fund
271,970
**Restricted funds**
Revaluation reserve
233,451
Football Foundation
377,642
Sport England
50,000
Sovereign
14,000
675,093
**TOTAL FUNDS**
947,063
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
81,158
**TOTAL FUNDS**
81,158|Net
movement
At
in funds
31/8/23
£
£
4,064
276,034
-
233,451
-
377,642
-
50,000
-
14,000
-
675,093
4,064
951,127
Resources
Movement
expended
in funds
£
£
(77,094)
4,064
(77,094)
4,064| |---|---| continued... Page 12 ## **Queensbury Celtic Football Club Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **13. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Revaluation reserve
Football Foundation
Sport England
Sovereign
**TOTAL FUNDS**|At 1/9/22
£
271,970
233,451
377,642
50,000
14,000
675,093
947,063|Net
movement
in funds
£
(4,946)
-
-
-
-
-
(4,946)|At
31/8/24
£
267,024
233,451
377,642
50,000
14,000| |---|---|---|---| ||||675,093| ||||942,117| 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|152,934|(157,880)|(4,946)| |**TOTAL FUNDS**|152,934|(157,880)|(4,946)| continued... Page 13 ## **Queensbury Celtic Football Club Limited** **Notes to the Financial Statements - continued for the Year Ended 31 August 2024** ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2024. Page 14 ## **Queensbury Celtic Football Club Limited** ## **Detailed Statement of Financial Activities for the Year Ended 31 August 2024** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 August 2024**||| |---|---|---| ||31/8/24|31/8/23| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Grants|**500**|13,208| |Donations|**20**|-| |Subscriptions|**46,520**|50,392| |Tournaments / mini soccer|**890**|688| |Walking football|**1,665**|1,090| |Facility hire|**9,954**|7,792| |Presentation night|**2,323**|545| |Kit sponsorship|**9,376**|7,391| |Christmas fayre|**364**|-| ||**71,612**|81,106| |**Investment income**||| |Deposit account interest|**164**|52| |**Total incoming resources**|**71,776**|81,158| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Rates and water|**1,599**|1,185| |Insurance|**855**|3,191| |Light and heat|**16,660**|10,238| |Printing, postage & stationery|**-**|51| |Sundries|**2,502**|2,754| |Repairs and maintenance|**15,509**|7,836| |Training & courses|**3,111**|2,630| |Kit & equipment|**6,352**|9,216| |Referees|**2,344**|2,338| |Presentation nights|**6,187**|8,166| |League & affiliation fees|**1,723**|1,687| |Ground hire|**12,998**|9,055| |Internet costs|**616**|538| |Fuel and oil|**160**|260| |Carried forward|**70,616**|59,145| This page does not form part of the statutory financial statements Page 15 ## **Queensbury Celtic Football Club Limited** ## **Detailed Statement of Financial Activities for the Year Ended 31 August 2024** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 August 2024**||| |---|---|---| ||31/8/24|31/8/23| ||£|£| |**Raising donations and legacies**||| |Brought forward|**70,616**|59,145| |Fixtures and fittings|**6,742**|6,780| ||**77,358**|65,925| |**Other trading activities**||| |Opening stock|**1,650**|2,885| |Shop Trade|**(1,376)**|(1,368)| |Closing stock|**(350)**|(1,650)| ||**(76)**|(133)| |**Support costs**||| |**Finance**||| |Legal & professional|**40**|40| |Accountancy|**1,140**|1,140| |Bank loan interest|**2,324**|10,122| ||**3,504**|11,302| |Total resources expended|**80,786**|77,094| |**Net (expenditure)/income**|**(9,010)**|4,064| This page does not form part of the statutory financial statements Page 16