Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
Charity registration number 1165943 (England and Wales) Company registration number 09423271
NORTHWEST FOOTBALL TRUST LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr W C Barlow Charity number (England and Wales) 1165943 Company number 09423271 Registered office Ground Floor Bridgeman Court Salop Street Bolton England BL2 1DZ Independent examiner Cowgills Limited 1st Floor Waterside House Waterside Drive Wigan Lancashire England WN3 5AZ
(Appointed 9 October 2023)
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 9 |
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their annual report and financial statements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
Objectives and activities
The principal objectives and aims of the company in the period under review was that of to advance physical education of young people by providing youth football opportunities for young players in the Bolton and Bury district.
Public benefit
To advance physical education of young people by providing youth football opportunities for young players in the Bolton and Bury district.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance by the Charity Commission for England and Wales.
Structure, governance and management
The trust is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, who served during the year and up to the date of signature of the financial statements were:
Mr W C Barlow
(Appointed 9 October 2023)
The annual report was approved by the trustees of the trust and signed on its behalf by:
Mr W C Barlow Trustee
27 November 2025
- 1 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NORTHWEST FOOTBALL TRUST LIMITED
I report to the trustees on my examination of the financial statements of Northwest Football Trust Limited (the trust) for the year ended 30 June 2024.
Responsibilities and basis of report
As the trustees of the trust (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the trust are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
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 that in any material respect:
-
1 accounting records were not kept in respect of the trust as required by section 386 of the Companies Act 2006.
-
2 the financial statements do not accord with those records; or
-
3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
-
4 the financial statements 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 financial statements 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 financial statements to be reached.
Cowgills Limited
1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ England 27 November 2025
- 2 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | - | 367 |
| Charitable activities | 4 | 33,770 | 40,210 |
| Total income | 33,770 | 40,577 | |
| Expenditure on: | |||
| Raising funds | 5 | 4,779 | 1,947 |
| Charitable activities | 6 | 29,749 | 31,044 |
| Total expenditure | 34,528 | 32,991 | |
| Net income/(expenditure) and movement in funds | (758) | 7,586 | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2023 | 88,502 | 80,916 | |
| Fund balances at 30 June 2024 | 87,744 | 88,502 |
- 3 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
| Notes Current assets Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets The funds of the trust Unrestricted funds 10 |
2024 £ 57,880 51,171 109,051 (21,307) |
£ 87,744 87,744 87,744 |
2023 £ 52,685 49,616 102,301 (13,799) |
£ 88,502 |
|---|---|---|---|---|
| 88,502 | ||||
| 88,502 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 27 November 2025
Mr W C Barlow
Trustee
Company registration number 09423271 (England and Wales)
- 4 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
Charity information
Northwest Football Trust Limited is a charity limited by guarantee incorporated in England and Wales. The registered office is Ground Floor, Bridgeman Court, Salop Street, Bolton, BL2 1DZ, England.
1.1 Accounting convention
The financial statements have been prepared in accordance with the trust's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The trust is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 5 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 20% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.8 Financial instruments
The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 6 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the trust’s contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Grants | - | 367 |
- 7 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Activities | ||
| League fees | 33,770 | 35,321 |
| Summer cup | - | 4,889 |
| 33,770 | 40,210 |
5 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Expenditure | ||
| Other expenditure | 3,980 | 783 |
| Accountancy & independant examiner fees | 693 | 1,080 |
| Bank charges | 106 | 84 |
| 4,779 | 1,947 |
6 Expenditure on charitable activities
| Expenditure | Expenditure | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Expenditure | ||
| Pitch and hall hire | 13,362 | 10,320 |
| Referee costs | 4,462 | 380 |
| Trophies and awards | 9,201 | 24,528 |
| General expenses | 2,724 | 120 |
| Events | - | (4,305) |
| 29,749 | 31,043 | |
| Analysis by fund | ||
| Unrestricted funds | 29,749 | 31,044 |
7 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 8 -
Docusign Envelope ID: 1CB46AFC-4035-4834-8578-0D69AD531567
NORTHWEST FOOTBALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024
8 Debtors
| Amounts falling due within one year: Trade debtors Prepayments and accrued income Creditors: amounts falling due within one year Other creditors Trade creditors Accruals and deferred income |
2024 £ 23,680 34,200 57,880 2024 £ 18,879 1,408 1,020 21,307 |
2023 £ 19,185 33,500 |
|---|---|---|
| 52,685 | ||
| 2023 £ 11,956 763 1,080 |
||
| 13,799 |
9 Creditors: amounts falling due within one year
10 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At General funds Previous year: At General funds |
1 April 2023 Incoming resources Resources expended At 30 June 2024 £ £ £ £ 88,502 33,770 (34,528) 87,744 1 April 2022 Incoming resources Resources expended At 31 March 2023 £ £ £ £ 80,916 40,577 (32,991) 88,502 |
|---|---|
- 9 -