REGISTERED COMPANY NUMBER: 09907850 (England and Wales) REGISTERED CHARITY NUMBER: 1167916
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 May 2023
for
Woodhall Spa United Football Club Ltd
Astar (Advisory & Business Services) Limited Unit 6, Five Mile Business Park Blackthorn Way Lincoln Lincolnshire LN4 1BF
Woodhall Spa United Football Club 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 |
| Statement of Financial Position | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
Woodhall Spa United Football Club 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).
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
09907850 (England and Wales)
Registered Charity number
1167916
Registered office
Balholm Tattershall Road Woodhall Spa Lincolnshire LN10 6TP
Trustees
A J Avison S A Draper M R Webb Mrs N J Willerton J Willerton D Wells I Draper
Company Secretary
Independent Examiner
Tara Kemp FCCA Astar (Advisory & Business Services) Limited Unit 6, Five Mile Business Park Blackthorn Way Lincoln Lincolnshire LN4 1BF
Page 1
Woodhall Spa United Football Club Ltd
Report of the Trustees
for the Year Ended 31 May 2023
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 6 October 2023 and signed on its behalf by:
Mrs N J Willerton - Trustee
Page 2
Independent Examiner's Report to the Trustees of Woodhall Spa United Football Club Ltd
Independent examiner's report to the trustees of Woodhall Spa United Football Club 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
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the accounts do not accord with those records; or
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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
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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.
Tara Kemp FCCA Astar (Advisory & Business Services) Limited Unit 6, Five Mile Business Park Blackthorn Way Lincoln Lincolnshire LN4 1BF
6 October 2023
Page 3
Woodhall Spa United Football Club Ltd
Statement of Financial Activities for the Year Ended 31 May 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds 2 Charitable activities Repairs and renewals Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.5.23 Unrestricted fund £ 41,663 27,367 7,774 35,141 6,522 232,203 238,725 |
31.5.22 Total funds £ 71,051 30,921 43,602 74,523 (3,472) 235,675 232,203 |
|---|---|---|
The notes form part of these financial statements
Page 4
Woodhall Spa United Football Club Ltd
Statement of Financial Position
31 May 2023
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
31.5.23 Unrestricted fund £ 214,862 441 23,779 24,220 (357) 23,863 238,725 238,725 238,725 238,725 |
31.5.22 Total funds £ 215,859 - 18,662 18,662 (2,318) 16,344 232,203 232,203 232,203 232,203 |
|---|---|---|
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
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
Page 5
continued...
Woodhall Spa United Football Club Ltd
Statement of Financial Position - continued
31 May 2023
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 October 2023 and were signed on its behalf by:
A J Avison - Trustee
N J Willerton - Trustee
The notes form part of these financial statements
Page 6
Woodhall Spa United Football Club 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.
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.
Freehold property - in accordance with the property Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance
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.
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continued...
Woodhall Spa United Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
2. RAISING FUNDS
Raising donations and legacies
| Costs of generating funds Kit FA Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
31.5.23 £ 18,753 5,817 1,353 1,444 27,367 31.5.23 £ 1,228 |
31.5.22 £ 21,363 6,463 1,046 2,049 |
|---|---|---|
| 30,921 | ||
| 31.5.22 £ 1,478 |
3. NET INCOME/(EXPENDITURE)
4. 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.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 71,051 |
| EXPENDITURE ON | |
| Raising funds | 30,921 |
| Charitable activities | |
| Repairs and renewals | 43,602 |
| Total | 74,523 |
| NET INCOME/(EXPENDITURE) | (3,472) |
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continued...
Woodhall Spa United Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
| 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 | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| fund | ||||||
| £ | ||||||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 235,675 | |||||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 232,203 | |||||
| 6. | TANGIBLE FIXED ASSETS | |||||
| Fixtures | ||||||
| Freehold | Plant and | and | ||||
| property | machinery | fittings | Totals | |||
| £ | £ | £ | £ | |||
| COST | ||||||
| At 1 June 2022 | 209,946 | 7,332 | 59 | 217,337 | ||
| Additions | - | 231 | - | 231 | ||
| At 31 May 2023 | 209,946 | 7,563 | 59 | 217,568 | ||
| DEPRECIATION | ||||||
| At 1 June 2022 | - | 1,466 | 12 | 1,478 | ||
| Charge for year | - | 1,219 | 9 | 1,228 | ||
| At 31 May 2023 | - | 2,685 | 21 | 2,706 | ||
| NET BOOK VALUE | ||||||
| At 31 May 2023 | 209,946 | 4,878 | 38 | 214,862 | ||
| At 31 May 2022 | 209,946 | 5,866 | 47 | 215,859 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||
| 31.5.23 | 31.5.22 | |||||
| £ | £ | |||||
| Trade debtors | 441 | - |
Page 9
continued...
Woodhall Spa United Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 9. MOVEMENT IN FUNDS At 1.6.22 £ Unrestricted funds General fund 232,203 TOTAL FUNDS 232,203 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 41,663 TOTAL FUNDS 41,663 Comparatives for movement in funds At 1.6.21 £ Unrestricted funds General fund 235,675 TOTAL FUNDS 235,675 |
31.5.23 £ 357 Net movement in funds £ 6,522 6,522 Resources expended £ (35,141) (35,141) Net movement in funds £ (3,472) (3,472) |
31.5.22 £ 2,318 At 31.5.23 £ 238,725 238,725 Movement in funds £ 6,522 6,522 At 31.5.22 £ 232,203 232,203 |
|---|---|---|
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continued...
Woodhall Spa United Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 71,051 | (74,523) | (3,472) |
| TOTAL FUNDS | 71,051 | (74,523) | (3,472) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.6.21 | in funds | 31.5.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 235,675 | 3,050 | 238,725 |
| TOTAL FUNDS | 235,675 | 3,050 | 238,725 |
| A current year 12 months and prior year | 12 months combined | net movement in fund | |
| included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 112,714 | (109,664) | 3,050 |
| TOTAL FUNDS | 112,714 | (109,664) | 3,050 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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continued...
Woodhall Spa United Football Club Ltd
Notes to the Financial Statements - continued for the Year Ended 31 May 2023
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2023.
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| Woodhall Spa United Football Club Ltd | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 31 May 2023 | ||
| 31.5.23 | 31.5.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Charitable & generated funds | 41,663 | 71,051 |
| Total incoming resources | 41,663 | 71,051 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Costs of generating funds | 18,753 | 21,363 |
| Kit | 5,817 | 6,463 |
| FA | 1,353 | 1,046 |
| 25,923 | 28,872 | |
| Charitable activities | ||
| Rates and water | 995 | 673 |
| Insurance | 2,795 | 2,515 |
| Light and heat | 1,563 | 1,928 |
| Telephone | 391 | 395 |
| Repairs & renewals | 1,839 | 37,818 |
| TV | 159 | 159 |
| Computer expenses | 32 | 114 |
| 7,774 | 43,602 | |
| Support costs | ||
| Finance | ||
| Bank charges | 216 | 172 |
| Depreciation of tangible fixed assets | 1,228 | 1,478 |
| 1,444 | 1,650 | |
| Governance costs | ||
| Accountancy and legal fees | - | 399 |
| Total resources expended | 35,141 | 74,523 |
| Net income/(expenditure) | 6,522 | (3,472) |
This page does not form part of the statutory financial statements
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