REGISTERED COMPANY NUMBER: 10280313 (England and Wales) REGISTERED CHARITY NUMBER: 1169248
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2022
for
MAWSLEY FC
Infinitas Accountants Limited Unit 7 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE
MAWSLEY FC
Contents of the Financial Statements for the Year Ended 31 July 2022
| 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 | 13 |
| Detailed Statement of Financial Activities | 14 |
MAWSLEY FC
Report of the Trustees for the Year Ended 31 July 2022
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 July 2022. 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
Mawsley FC has the principle objective of the promotion of community participation in healthy recreation, in particular by the provision of facilities for the playing of Association Football.
We provide opportunities for young people aged 5 to 18 to play football. Through the playing of football our coaches encourage all age groups to understand the values of teamwork, supporting the community and respect through sport. Through the provision of training and entry in a local league the young people also have an opportunity to improve and maintain physical fitness.
All of the Charity Trustees take very seriously the role they and the charity have in providing opportunities and
valuable life experience for the club's players through participation in the charity's activities
Significant activities
We provide opportunities for young people aged 5 to 18 to play football. Through the playing of football our coaches encourage all age groups to understand the values of team work, supporting the community and respect through sport. Through the provision of training and entry in a local league the young people also have an opportunity to improve and maintain physical fitness.
All of the Charity Trustees take very seriously the role they and the charity have in providing opportunities and valuable life experience for the club's players through participation in the charities activities.
Public benefit
As a principle the trustees refer to the Charity Commission's general guidance on Public Benefit when reviewing the charity's objectives and planning future activities. In particular, the trustees consider how planned activities will contribute to its charitable activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The club has continued to grow with around 20 teams and 26 volunteer coaches. All of the coaches have passed appropriate coaching qualifications and the club is FA Charter Standard which means that we can demonstrate the very high standards of welfare and development within the football club.
This year there has been a large amount of investment in the pitches from the funds carried forward last year. While work was carried out the pitches were unavailable, leading to an increase in pitch hire costs. Subscriptions have increased compared to last year which was affected by covid 19.
Fundraising activities
Small fundraising activities are held in the year to generate income for the club teams.
FINANCIAL REVIEW
Principal funding sources
Subscriptions are the main funding source.
Reserves policy
The charity holds a reserve to ensure that during inclement weather we are still able to provide training facilities when the clubs are unavailable. The reserves held at the year end were £8,759 (2021: £23,980). The decrease in funds carried forward this year was due to investment in pitches.
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MAWSLEY FC
Report of the Trustees for the Year Ended 31 July 2022
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.
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.
Recruitment and appointment of new trustees
When recruiting new trustees, note is made of the qualifications and skills. The Board considers the ability of a new trustees to service the charity in promoting its aims and objectives.
Organisational structure
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr R J Mcgreavey Mr J S Mortimer
Induction and training of new trustees
Induction of new trustees is carried out on an individual basis given the small size of the charity. The induction is tailored to the individual and seeks to inform of the legal obligations and responsibilities and the need to act independently and in the best interest of the charity. it makes them aware of the activities of the charity and the aspects of charity work the new trustee has been appointed for.
Related parties
The charity does not have any related parties. Trustees maintain a register of business interests and have a policy ensuring no transactions are held with related parties.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10280313 (England and Wales)
Registered Charity number
1169248
Registered office
3 Kemps Close Kettering NN141GQ
Trustees
R J Mcgreavey Finance Director J S Mortimore Operations Director
Company Secretary
J S Mortimore
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MAWSLEY FC
Report of the Trustees for the Year Ended 31 July 2022
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Infinitas Accountants Limited Unit 7 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE Approved by order of the board of trustees on 28 April 2023 and signed on its behalf by:
Trustee
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Independent Examiner's Report to the Trustees of Mawsley FC
Independent examiner's report to the trustees of Mawsley FC ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2022.
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
-
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.
Caroline Armstrong FCA Infinitas Accountants Limited Unit 7 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE
28 April 2023
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MAWSLEY FC
Statement of Financial Activities for the Year Ended 31 July 2022
| 2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 48,281 Other trading activities 2 2,439 Investment income 3 124 Total 50,844 EXPENDITURE ON Raising funds 4 65,732 NET INCOME/(EXPENDITURE) (14,888) RECONCILIATION OF FUNDS Total funds brought forward 23,764 TOTAL FUNDS CARRIED FORWARD 8,876 |
2021 Total funds £ 36,671 970 7 |
|---|---|
| 37,648 | |
| 30,518 | |
| 7,130 16,850 |
|
| 23,980 |
Surplus and Deficit Account 968
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
| Unrestricted | ||
|---|---|---|
| funds | Total funds | |
| £ | £ | |
| Brought forward - 968/1 | 23,764 | 23,764 |
| Carried forward | 23,980 | 23,980 |
| Difference | 216 | 216 |
Post to relevant accounts (see ICHA chart of accounts for further details)
The notes form part of these financial statements
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MAWSLEY FC
Balance Sheet 31 July 2022
| 2022 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 7,153 CURRENT ASSETS Debtors 9 10,477 Cash at bank and in hand 13,817 24,294 CREDITORS Amounts falling due within one year 10 (22,571) NET CURRENT ASSETS 1,723 TOTAL ASSETS LESS CURRENT LIABILITIES 8,876 NET ASSETS 8,876 FUNDS 11 Unrestricted funds 8,876 TOTAL FUNDS 8,876 |
2021 Total funds £ 7,152 1,978 15,995 17,973 (1,145) 16,828 23,980 23,980 23,980 |
|---|---|
| 23,980 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.
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
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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
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continued...
MAWSLEY FC
Balance Sheet - continued 31 July 2022
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 28 April 2023 and were signed on its behalf by:
Trustee
The notes form part of these financial statements
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MAWSLEY FC Notes to the Financial Statements for the Year Ended 31 July 2022
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.
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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continued...
MAWSLEY FC
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Sponsorships | 2,439 | 970 | |
| 3. | INVESTMENT INCOME | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Interest receivable - trading | 124 | 7 | |
| 4. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Bad debts | 2,636 | 534 | |
| Support costs | 63,096 | 29,984 | |
| 65,732 | 30,518 | ||
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Auditors' remuneration | 1,003 | 840 | |
| Depreciation - owned assets | 2,978 | 4,769 | |
| Other operating leases | 19,874 | 6,419 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021.
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continued...
MAWSLEY FC
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 36,671 |
| Other trading activities | 970 |
| Investment income | 7 |
| Total | 37,648 |
| EXPENDITURE ON | |
| Raising funds | 30,518 |
| NET INCOME | 7,130 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 16,850 |
| TOTAL FUNDS CARRIED FORWARD | 23,980 |
8. TANGIBLE FIXED ASSETS
| Plant and machinery £ COST At 1 August 2021 12,697 Additions 2,979 At 31 July 2022 15,676 DEPRECIATION At 1 August 2021 7,958 Charge for year 2,048 At 31 July 2022 10,006 NET BOOK VALUE At 31 July 2022 5,670 At 31 July 2021 4,739 |
Fixtures and fittings £ 7,043 - 7,043 4,630 930 5,560 1,483 2,413 |
Totals £ 19,740 2,979 |
|---|---|---|
| 22,719 | ||
| 12,588 2,978 |
||
| 15,566 | ||
| 7,153 | ||
| 7,152 |
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continued...
MAWSLEY FC
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Trade debtors | 9,154 | 1,978 | ||
| Other debtors | 1,323 | - | ||
| 10,477 | 1,978 | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Other creditors | - | 322 | ||
| Accruals and deferred income | 22,571 | 823 | ||
| 22,571 | 1,145 | |||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.8.21 | in funds | 31.7.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 23,764 | (14,888) | 8,876 | |
| TOTAL FUNDS | 23,764 | (14,888) | 8,876 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 50,844 | (65,732) | (14,888) | |
| TOTAL FUNDS | 50,844 | (65,732) | (14,888) |
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MAWSLEY FC
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.8.20 | in funds | 31.7.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,850 | 7,130 | 23,980 |
| TOTAL FUNDS | 16,850 | 7,130 | 23,980 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 37,648 | (30,518) | 7,130 |
| TOTAL FUNDS | 37,648 | (30,518) | 7,130 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1.8.20 | in funds | 31.7.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 16,850 | (7,758) | 9,092 |
| TOTAL FUNDS | 16,850 | (7,758) | 9,092 |
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 | 88,492 | (96,250) | (7,758) |
| TOTAL FUNDS | 88,492 | (96,250) | (7,758) |
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continued...
MAWSLEY FC
Notes to the Financial Statements - continued for the Year Ended 31 July 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2022.
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MAWSLEY FC
Detailed Statement of Financial Activities for the Year Ended 31 July 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Grants Subscriptions Events income Other trading activities Sponsorships Investment income Interest receivable - trading Total incoming resources EXPENDITURE Raising donations and legacies Bad debts Support costs Finance Bank charges Other Pitch and room hire Sundries Equipment and maintenance Events League and referee costs Coaching courses Computer costs Depreciation of tangible fixed assets Governance costs Auditors' remuneration Total resources expended Net (expenditure)/income |
2022 £ (4) - 2,550 43,711 2,024 48,281 2,439 124 50,844 2,636 988 19,874 268 24,283 1,706 8,408 1,820 1,768 2,978 61,105 1,003 65,732 (14,888) |
2021 £ 2 1,456 1,200 34,013 - |
|---|---|---|
| 36,671 970 7 |
||
| 37,648 534 612 6,419 174 10,783 - 4,277 1,060 1,050 4,769 |
||
| 28,532 840 |
||
| 30,518 | ||
| 7,130 |
This page does not form part of the statutory financial statements
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