OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Kader Football Club Limited

2023-08-31-accounts

REGISTERED COMPANY NUMBER: 07710865 (England and Wales) REGISTERED CHARITY NUMBER: 1153749

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2023

for

Kader Football Club Limited

Kader Football Club Limited

Contents of the Financial Statements for the Year Ended 31 August 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14
Detailed Statement of Financial Activities 15 to 16

Kader Football Club Limited

Report of the Trustees

for the Year Ended 31 August 2023

accounts and comply with the charity's governing document, the Charities Act 2011 and 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 issued in October 2019.

OBJECTIVES AND ACTIVITIES

Objectives, activities and achievements

Kader Football Club’s objectives are to provide as many players on Teesside with an opportunity to develop their football skills in a positive learning environment, aiming to bring players together of a similar ability, whether it is in division one or division eight. We also have senior teams in place and are starting to build for the future by having teams at every stage from U7s to men and ladies’ teams.

We have received more grant funding from the Football Foundation this year, which again, has provided us with a much-needed boost through their Grass Pitch Maintenance Fund. We have also received other grants to help us with maintenance costs which have also been a massive help. Looking after our pitches is a major financial outlay for us and the money we receive is put to good use, to make the pitches some of the best in the area.

Our Saturday morning sessions continue to do well and we have created more teams at U7s. We also have a Thursday early evening session which is also proving popular.

The social media channels continue to grow on Facebook, Twitter and Instagram. These are all great ways to help us promote the club and events.

better.

of having volunteers.

We entered into our last year with having Avec providing all our kit and training gear.

Finally, we had 35 teams operating this year and we continue to try and increase the number of teams within the club moving forward.

FINANCIAL REVIEW

Financial review

The charity made a surplus of £48,351 for the year compared to a surplus of £11,986 in the previous period. Income increased by just over £84,000 due to the increased use of the pitch and facilities along with an increase in grant income received from the Football Foundation of just under £57,000. Costs also rose by over £47,000, largely due to the increased pitch maintenance costs.

Unrestricted funds at the year-end are £505,469 (2022: £479,310) which includes a designated fund of £60,000 (2022: £50,000). Restricted funds at the year-end are £22,192 (2022: £NIL).

Reserves policy

assets (free reserves) held by the charity should be approximately three months running costs plus redundancy requirements. At the present time the free reserves of £200,119 exceed this requirement but as running costs are expected to increase in the future the Trustees need to build up reserves to cover the increased costs.

Page 1

Kader Football Club Limited

Report of the Trustees

for the Year Ended 31 August 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a Company limited by guarantee, without a share capital, and is therefore governed by a Memorandum and Articles of Association. It was incorporated on 19 July 2011 and became a registered charity on 10 September 2013. The assets from the previous community organisation, Kader Football Club were transferred to the company when it became a charity on 10 September 2013.

The Secretary is in charge of the day to day running of the charity.

meet monthly to make decisions on the day to day matters and any important decisions that need to be ratified.

Appointment of trustees

As set out in the Articles of Association, membership of the Company is unlimited with the Board of Trustees being recruited from the membership.

All members are circulated with an invitation to nominate trustees prior to the AGM, advising them of the retiring trustee(s) and requesting nominations for the AGM. When considering co-optees, knowledge and expertise which will benefit the charity is taken into consideration.

Induction and training of new trustees

New trustees are inducted by the Company Secretary who briefs them on their legal obligations with regard to company and charity law. They are also given an introduction to the building, the staff and other trustees and are instructed in the Health & Safety and security requirements of the charity.

External training events which will facilitate the undertaking of their role are provided as and when appropriate.

Trustee Statement

In setting our objectives and planning our activities the trustees have given careful consideration to the Charity Commission guidance on public benefit.

This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies.

Page 2

Kader Football Club Limited

Report of the Trustees

for the Year Ended 31 August 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07710865 (England and Wales)

Registered Charity number

1153749

21 Heythrop Drive Acklam Middlesbrough TS5 8QA

Trustees

A Formby-Jackson C Hudson Mrs L M Harris (resigned 12.9.23) A I Harris (resigned 2.10.23) M J McGovern Mrs P Hudson G L Middleton (appointed 2.10.23) J Gibbons (appointed 8.11.23) Dr J Nevison (appointed 16.11.23)

Company Secretary

C Hudson

Independent Examiner

Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX

Bankers

Barclays Bank 28-32 Albert Road Middlesbrough TS1 1QD

29/05/2024

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

==> picture [216 x 35] intentionally omitted <==

........................................................................ A Formby-Jackson - Trustee

Page 3

Independent Examiner's Report to the Trustees of Kader Football Club Limited

Independent examiner's report to the trustees of Kader 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 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').

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

that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

examination giving me cause to believe:

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.

Mrs Jane Bennett FCA

Chartered Accountants 3 Kingfisher Court Bowesfield Park Stockton on Tees TS18 3EX

Date: .............................................

Page 4

Kader Football Club Limited

Statement of Financial Activities for the Year Ended 31 August 2023

(including Income & Expenditure Account)

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
Income from charitable activities
4
154,033
Other trading activities
3
50,239
Interest received
1,443
Total
205,715
EXPENDITURE ON
Raising funds – café costs
21,733
Charitable activities
Charitable activities 5
157,823
Total
179,556
NET INCOME/NET MOVEMENT IN FUNDS
26,159
RECONCILIATION OF FUNDS
Total funds brought forward
479,310
TOTAL FUNDS CARRIED FORWARD14
505,469		 Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
-
Charitable activities
Income from charitable activities
4
154,033
Other trading activities
3
50,239
Interest received
1,443
Total
205,715
EXPENDITURE ON
Raising funds – café costs
21,733
Charitable activities
Charitable activities 5
157,823
Total
179,556
NET INCOME/NET MOVEMENT IN FUNDS
26,159
RECONCILIATION OF FUNDS
Total funds brought forward
479,310
TOTAL FUNDS CARRIED FORWARD14
505,469		 Restricted
funds
£
61,552
-
-
-
61,552
-
39,360
39,360
22,192
-		 2023
Total
funds
£
61,552
154,033
50,239
1,443
267,267
21,733
197,183
218,916
48,351
479,310		 2022
Total
funds
£
4,680
137,618
40,927
40
183,265
16,040
155,239
171,279
11,986
467,324
479,310
505,469 22,192 527,661

Page 5

Kader Football Club Limited

Balance Sheet

31 August 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
245,350
CURRENT ASSETS
Debtors
12
11,599
Cash at bank and in hand
251,598
263,197
CREDITORS
Amounts falling due within one year
13
(3,078)
NET CURRENT ASSETS
260,119
TOTAL ASSETS LESS CURRENT LIABILITIES
505,469
NET ASSETS
505,469
FUNDS
15
Unrestricted funds:
General fund
Designated fund
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
22,192
-
22,192
-
22,192
22,192
22,192		 2023
Total
funds
£
245,350
33,791
251,598
285,389
(3,078)
282,311
527,661
527,661
445,469
60,000
505,469
22,192
527,661		 2022
Total
funds
£
255,449
692
227,905
228,597
(4,736)
223,861
479,310
479,310
429,310
50,000
479,309
-
479,309

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

Page 6

Kader Football Club Limited

Balance Sheet - continued

31 August 2023

subject to the small companies regime.

............................................. and were signed on its behalf by: 29/05/2024

................................................

A Formby-Jackson - Trustee

Page 7

Kader Football Club Limited

Notes to the Financial Statements for the Year Ended 31 August 2023

1 ACCOUNTING POLICIES

General information and basis of preparation

Kader Football Club is a private company limited by guarantee in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The charity operates a football club on Hall Drive, Acklam, Middlesbrough, TS5 7JY. The nature of the charity's operations are given in the Trustees Report.

prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice Standard applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2015.

financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.

These policies have been consistently applied to all years presented unless otherwise stated.

Fund accounting

Unrestricted income funds are general funds which are available for use at the trustees' discretion in furtherance of the objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of the designated fund is set out in the notes to the financial statements.

Income recognition

Items of income are recognised and included in the accounts when all the following criteria are met:

included in the SOFA as restricted funds and transferred to unrestricted funds as the assets have been purchased.

Income from trading activities includes café income which is received in exchange for supplying goods in order to raise funds. There is no netting off within the accounts.

Page 8

Kader Football Club Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2023

1 ACCOUNTING POLICIES - continued

Expenditure

Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. It includes attributable VAT which cannot be recovered.

Charitable expenditure comprises those costs incurred by the company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office and governance costs.

Governance costs include those incurred in the governance of the charity which are associated with the constitutional and statutory requirements.

Fixed assets are stated at cost less accumulated depreciation. Assets are capitalised if they cost more than £500 and are expected to last more than one year.

value, over their expected useful economic life as follows:

Short leasehold - 10% on cost Plant and machinery - 20% on cost Fixtures and fittings - 33% on cost and 10% on cost Motor vehicles - 25% on cost

Cash at bank

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

Going concern

uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 9

Kader Football Club Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2023

2
DONATIONS AND LEGACIES
Football Foundation
In 2022 all donations related to restricted funds.
3
OTHER TRADING ACTIVITIES
Café income
In 2022 all of the other trading activities income related to unrestricted funds.
4
INCOME FROM CHARITABLE ACTIVITIES
Subscriptions
Pitch fees
Sponsorship
Fundraising
In 2022 all of the charitable activities income related to unrestricted funds.
5
CHARITABLE ACTIVITIES COSTS
Direct Costs
(see note 6)
Support
Costs
(see note 7)


£
£
Charitable activities
141,405
55,778
DIRECT COSTS OF CHARITABLE ACTIVITIES
Repairs and renewals
Pitch maintenance
Trophies
Kit and equipment
Coaching courses and fees
Football Association fees/fne
Referee fees
Depreciation		 2023
£
61,552
2023
£
50,239
2023
£

110,391
24,370
8,736
10,536
154,033
2023
Totals


£
197,183
2023
£
10,525
52,874
6,172
11,201
2,394
5,275
7,565
45,399
141,405

In 2022 £101,249 related to unrestricted funds and £4,680 related to restricted funds.

Page 10

Kader Football Club Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2023

7 SUPPORT COSTS

SUPPORT COSTS
Support
costs
allocated
to
Governance
activities
costs
£
£
Charitable activities
53,087
2,691
Support costs, included in the above, are as follows:
Management
2023
£
Trustees' salaries
26,821
Trustees' expenses
226
Rates and water
1,969
Insurance
1,072
Light and heat
4,111
Sundries
2,534
Computer costs
1,693
Vehicle expenses
3,647
Subscriptions
947
Depreciation
9,595
Bank charges
472
53,087
Governance costs
2023
£
Accountancy - independent examination
2,580
Accountancy - other
111
2,691		 Totals
£
55,778
2022
£
27,032
301
1,784
974
3,236
1,506
1,715
3,019
231
6,936
565
47,299
2022
£
1,663
348
2,011

In 2022 all support costs related to unrestricted funds.

Page 11

Kader Football Club Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2023

8
STAFF COSTS
2023
2022
£
£
Wages and salaries - gross
26,821
27,032
2023
2022
The average number of employees based on headcount was
2
2
No employees received emoluments in excess of £60,000.
9
TRUSTEES' REMUNERATION AND BENEFITS
Trustees received money for work done for the charity as follows:
2023
2022
£
£
Mr C Hudson
23,796
23,155
Mr A Formby-Jackson
3,025
3,877
Total
26,821
27,032
This is permitted in the Articles of Association.		 8
STAFF COSTS
2023
2022
£
£
Wages and salaries - gross
26,821
27,032
2023
2022
The average number of employees based on headcount was
2
2
No employees received emoluments in excess of £60,000.
9
TRUSTEES' REMUNERATION AND BENEFITS
Trustees received money for work done for the charity as follows:
2023
2022
£
£
Mr C Hudson
23,796
23,155
Mr A Formby-Jackson
3,025
3,877
Total
26,821
27,032
This is permitted in the Articles of Association.		 2022
£
27,032
27,032

Trustees' expenses

Expenses for telephone costs were paid to Mr C Hudson totalling £226 (2022: £301).

Page 12

Kader Football Club Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2023

11 TANGIBLE FIXED ASSETS

Short
Plant and
leasehold
machinery
£
£
COST
At 1 September 2022
360,722
92,248
Additions
35,700
1,194
At 31 August 2023
396,422
93,442
DEPRECIATION
At 1 September 2022
162,268
83,678
Charge for year
36,679
8,092
At 31 August 2023
198,947
91,770
NET BOOK VALUE
At 31 August 2023
197,475
1,672
At 31 August 2022
198,454
8,570
12
DEBTORS
Prepayments and accrued income
Other debtors
Social security and other taxes
13
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses		 Fixtures
and
fttings
£
87,267
8,002
95,269
39,478
9,595
49,073
46,196
47,789		 Motor
vehicles
£
10,200
-
10,200
9,564
629
10,193
7
636
2023
£
29,918
334
3,539
33,791
2023
£
394
2,684
3,078		 Totals
£
550,437
44,896
595,333
294,988
54,995
349,983
245,350
255,449
2022
£
692
-
2,273
2,965
2022
£
4,924
2,085
7,009

Page 13

Kader Football Club Limited

Notes to the Financial Statements - continued

for the Year Ended 31 August 2023

14 ANALYSIS OF CHARITABLE FUNDS

Balance Incoming Resources Balance
01.09.22 resources Expended Transfers 31.08.23
£ £ £ £ £
Unrestricted funds
Designated funds 50,000 - - 10,000 60,000
General unrestricted funds 429,310 205,715 (179,556) (10,000) 445,469
479,310 205,715 (179,556) - 505,469
Restricted funds
Football Foundation - 61,552 (39,360) - 22,192
479,310 267,267 (218,916) - 527,661

The money from the Football Foundation was received for grass pitch maintenance and new equipment. The money for pitch maintenance was all spent in the year.

The designated fund is to replace the 3G pitch. The trustees have agreed that £10,000 per annum needs to be set aside, so a transfer to designated funds will be made each year.

15 RELATED PARTY DISCLOSURES

As disclosed in note 9, two trustees were paid £26,821 (2022: £27,032) for work done for the charity during the year.

Page 14

Kader Football Club Limited

Detailed Statement of Financial Activities

for the Year Ended 31 August 2023

INCOME AND ENDOWMENTS
Donations and legacies
Grants
Other trading activities
Café income
Investment income
Deposit account interest
Bank interest received
Charitable activities
Subscriptions
Pitch fees
Sponsorship
Fundraising
Total incoming resources
EXPENDITURE
Other trading activities
Café purchases
Charitable activities
Repairs and renewals
Pitch maintenance
Trophies
Kit and equipment
Coaching courses and fees
Football Association fees/fne
Referee fees
Short leasehold depreciation
Plant and machinery depreciation
Vehicle depreciation		 2023
£
61,552
50,239
1,418
25
1,443
110,391
24,370
8,736
10,536
154,033
267,267
21,733
10,525
52,874
6,172
11,201
2,394
5,275
7,565
36,679
8,091
629
141,405		 2022
£
4,680
40,927
-
40
40
91,951
37,735
7,258
674
137,618
183,265
16,040
3,832
7,775
4,615
17,911
700
7,645
6,450
36,002
18,450
2,550
105,929

Page 15

Kader Football Club Limited

Detailed Statement of Financial Activities

for the Year Ended 31 August 2023

Support costs - Management
Trustees' salaries
Trustees' expenses
Rates and water
Insurance
Light and heat
Sundries
Computer costs
Vehicle expenses
Subscriptions
Fixtures and fttings depreciation
Finance
Bank charges
Governance costs
Accountancy - independent examination
Accountancy - other
Total resources expended
Net income		 2023
£
26,821
226
1,969
1,072
4,111
2,524
1,693
3,647
947
9,595
52,615
472
2,580
111
2,691
218,916
48,351		 2022
£
27,032
301
1,784
974
3,236
1,506
1,715
3,019
231
6,936
46,734
565
1,663
348
2,011
171,279
11,986

Page 16