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 2024 for MAWSLEY FC
MAWSLEY FC Contents of the Financial Statements for the Year Ended 31 July 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 |
MAWSLEY FC Report of the Trustees for the Year Ended 31 July 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 July 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)
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 23 teams and 30+ 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. Pitch hire costs have increased in line with inflationary pressure seen over the past 12 months and we have had to increase subscription fees during this period as a result.
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 £10,851 (2023: £2,692).
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.
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.
Page 1
MAWSLEY FC Report of the Trustees for the Year Ended 31 July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
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:
Mrs M Cook
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
56 Old Gorse Way Mawsley NN14 1GJ
Trustees
M Cook Finance Director J S Mortimore Operations Director
Company Secretary
M Cook
Independent Examiner
DMO Accountants First Floor Offices, 25 Sanders Road Finedon Road Industrial Estate Wellingborough NN8 4NL
Approved by order of the board of trustees on 03 April 2025 and signed on its behalf by:
M Cook - Trustee
Page 2
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 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:
-
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.
Paul Minards ATT
DMO Accountants
First Floor Offices, 25 Sanders Road Finedon Road Industrial Estate Wellingborough NN8 4NL
Date: 03 April 2025
Page 3
MAWSLEY FC Statement of Financial Activities for the Year Ended 31 July 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Total EXPENDITURE ON Raising funds 3 NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward Funds movement for the year TOTAL FUNDS CARRIED FORWARD Unrestricted |
2024 £ 63,116 500 63,616 55,457 8,159 2,692 8,159 10,851 |
2023 £ 58,228 800 |
|---|---|---|
| 59,028 | ||
| 65,212 | ||
| -6,184 | ||
| 8,876 -6,184 |
||
| 2,692 |
Page 4
MAWSLEY FC Balance Sheet as at the year ended 31 July 2024
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS/(LIABILITIES) FUNDS Unrestricted funds 10 TOTAL FUNDS |
2024 £ 1,241 613 9,837 10,450 -840 9,610 10,851 10,851 10,851 10,851 |
2023 £ 3,678 6,430 6,147 |
|---|---|---|
| 12,577 -13,563 |
||
| -986 | ||
| 2,692 | ||
| 2,692 | ||
| 2,692 | ||
| 2,692 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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
-
(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 on the 03 April 2025 by the Board of Trustees and authorised for issue on and were signed on its behalf by:
M Cook - Trustee
Page 5
MAWSLEY FC Notes to the Financial Statements for the Year Ended 31 July 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.
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.
2 OTHER TRADING ACTIVITIES
| Sponsorships | 2024 2023 £ £ 500 800 500 800 |
|---|---|
Page 6
MAWSLEY FC Notes to the Financial Statements for the Year Ended 31 July 2024
3 RAISING FUNDS
| Raising donations and legacies Bad debts Support costs 4 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Independent examiner fees Depreciation - owned assets Other operating leases |
2024 £ 0 55,457 55,457 2024 £ 653 2,437 22,635 |
2023 £ 3,079 62,133 |
|---|---|---|
| 65,212 | ||
| 2023 £ 1,092 3,475 26,459 |
5 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.
6 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 58,228 |
| Other trading activities | 800 |
| Total | 59,028 |
| EXPENDITURE ON | |
| Raising funds | 65,212 |
| NET INCOME/(EXPENDITURE) | -6,184 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 8,876 |
| TOTAL FUNDS CARRIED FORWARD | 2,692 |
Page 7
MAWSLEY FC Notes to the Financial Statements for the Year Ended 31 July 2024
7 TANGIBLE FIXED ASSETS
| COST At 01 August 2023 Additions Disposals At 31 July 2024 DEPRECIATION At 01 August 2023 Charge Eliminated At 31 July 2024 NET BOOK VALUE As at 31 July 2024 As at 31 July 2023 8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals and deferred income 10 MOVEMENT IN FUNDS Unrestricted funds General Balance at beginning of period Net movement in funds Balance at end of period |
Plant £ 15,676 0 0 |
F&F £ 7,043 0 0 7,043 6,490 553 0 7,043 0 553 2024 £ 613 0 613 2024 £ 12 828 840 2024 £ 2,692 8,159 10,851 |
Totals £ 22,719 0 0 |
|---|---|---|---|
| 15,676 12,551 1,884 0 |
22,719 19,041 2,437 0 |
||
| 14,435 | 21,478 | ||
| 1,241 | 1,241 | ||
| 3,125 | 3,678 2023 £ 5,426 1,004 |
||
| 6,430 | |||
| 2023 £ 0 13,563 |
|||
| 13,563 | |||
| 2023 £ 8,876 -6,184 |
|||
| 2,692 |
11 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 July 2024.
Page 8
MAWSLEY FC Detailed Statement of Financial Activities for the year ended 31 July 2024
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Grants Subscriptions Events income Other trading activities Sponsorships Total incoming resources EXPENDITURE Raising donations and legacies Bad debts Support costs Finance Bank charges Other Pitch and room hire Insurance Sundries Equipment and maintenance Events League and referee costs Coaching courses Computer costs Depreciation of tangible fixed assets Governance costs Independent examiner fees Total resources expended Net expenditure |
2024 £ 0 0 80 62,724 312 63,116 500 63,616 0 1,158 22,635 510 13 12,875 821 12,226 605 1,524 2,437 53,646 653 55,457 8,159 |
2023 £ 1 509 3,406 54,312 0 |
|---|---|---|
| 58,228 800 |
||
| 59,028 | ||
| 3,079 1,278 26,459 827 645 15,656 164 10,203 630 1,704 3,475 |
||
| 59,763 1,092 |
||
| 65,212 | ||
| -6,184 |
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