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2021-05-31-accounts

Charity Registration Number 1173553

VULCAN FOOTBALL CLUB

INDEPENDENT EXAMINERS REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2021

VULCAN FOOTBALL CLUB

F INANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

Contents Pages
Charity statutory information 1
Independent examiners report 2
Statement of financial activities 3
Balance sheet 4
Notes to the financial statements 5 – 7
Detailed income and expenditure account 8

VULCAN FOOTBALL CLUB TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MAY 2021

The trustees present their annual report and accounts for the year ended 31 May 2021.

Reference & Administrative Details

The Charity: VULCAN FOOTBALL CLUB Charity number: 1173553 Address: 20 Raleigh Close Newton Le Willows Merseyside WA12 8NN

TRUSTEES

P Prescott K Betty A Platt

INDEPENDENT EXAMINERS

CHW Accounting Ltd ICAEW Chartered Accountants Bedford House 60 Chorley New Road Bolton BL1 4DA

PAGE 1

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF VULCAN FOOTBALL CLUB FOR THE YEAR ENDED 31 MAY 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 May 2021, which are set out on pages 5 to 8.

Responsibilities and basis of report

As the charity's trustees of the company you are responsible for the preparation of the accounts in accordance with the applicable Statement of Recommended Practice (SORP).

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.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

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:

I Orgill CHW Accounting Limited ICAEW Chartered Accountants Bedford House 60 Chorley New Road Bolton BL1 4DA

DATE:

PAGE 2

VULCAN FOOTBALL CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2021

Notes
Income and endowments:
Income
and
endowments
from
generated funds
Charitable activities
2
Grants and donations
Total income and endowments
Expenditure on:
Charitable activities
Expenditure on raising funds
Other
Total expenditure
Net movement in funds
Reconciliation of funds
8
Total funds brought forward
Total funds carried forward		 TOTAL
TOTAL
Funds
Funds
2021
2020
£
£
76,123
54,983
28,039
1,310
104,162
56,293
29,137
6,542
14,709
27,612
1,680
12,941
50,388
42,233
53,774
14,060
20,893
6,833
74,667
20,893

There are no recognised gains or losses in the period other than those included in the Statement of Financial Activities.

The Statement of Financial Activities has been prepared on the basis that all operations are continuing.

PAGE 3

VULCAN FOOTBALL CLUB BALANCE SHEET FOR THE YEAR ENDED 31 MAY 2021

Notes
TANGIBLE FIXED ASSETS
5
CURRENT ASSETS
Cash at Bank
Debtors
6
CREDITORS
Amounts falling due within one year
7
NET ASSETS
THE FUNDS OF THE CHARITY
Profit & loss account
8
TOTAL CHARITY FUNDS		 2021
£
£
16,014
89,856
-
(31,203)
58,653
74,667
74,667
**74,667 **		 2021
£
£
16,014
89,856
-
(31,203)
58,653
74,667
74,667
**74,667 **		 2020
£
£
8,287
15,556
-
(2,950)

12,606
20,893
20,893
20,893		 2020
£
£
8,287
15,556
-
(2,950)

12,606
20,893
20,893
20,893
74,667 20,893
74,667 20,893
**74,667 ** 20,893

Approved by the board of trustees on ……………………… and signed on their behalf by:

P Prescott Trustee

PAGE 4

VULCAN FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

1. STATEMENT OF ACCOUNTING POLICIES

The following accounting policies have been used consistently in dealing with the items which are considered material to the Charity's affairs.

Basis of preparation of the financial statements

The accounts have been prepared to give a ‘true and fair’ view and have departed from the charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Income and endowments

Income received and invoiced income is accounted for on the accruals basis.

Expenditure

Expenditure is included in the accounts on an accruals basis, inclusive of VAT.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Fixtures and fittings etc 20% straight line

PAGE 5

VULCAN FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

2
CHARITABLE ACTIVITES
Subscriptions
Sponsorship
Fund raising
Other
3
NET INCOMING RESOURCES FOR THE
YEAR
Independent Examination Fees
4
INFORMATION ON EMPLOYEES
The average monthly number of employees, calculated on a full time
equivalent basis, analysis by function was:
Charitable activities
5
TANGIBLE FIXED ASSETS
Cost
Brought forward
Additions
Disposals
Carried forward
Depreciation
Brought forward
Charge for the year
Carried forward
Net book value
At 31 May 2021
At 31 May 2020		 Total
Total
2021
2020
£
£
23,341
11,296
34,479
7,007
26,071
1,762
15,251
11,899
76,123
54,983
2021
2020
£
£
850
850
2021
2020
0
0
0
0
Fixtures &
fittings etc
2021
Total
2021
£
£
9,118
10,631
9,118
10,631
-
-
19,749
19,749
831
831
2,904
2,904
3,735
3,735
16,014
16,014
8,287
8,287

PAGE 6

VULCAN FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

6
DEBTORS: Amounts falling due within one year
Other debtors
7
CREDITORS: Amounts falling due within one year
Accruals and deferred income
Other creditors		 2021
2020
£
-
£
-
-
-
2021
2020
£
£
1,700
1,700
29,503
1,250
31,203
2,950
8
RECONCILIATION OF
FUNDS
Funds		 As at 1
June 2020
Income
Expenditure
As at 31
May 2021
20,893
104,162
(50,388)
74,667
20,893
104,162
(50,388)
**74,667 **

PAGE 7

MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MAY 2021

VULCAN FOOTBALL CLUB DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2021

Income and endowments from:
Charitable activities
Total income and endowments
Expenditure on:
Football expenditure
Legal and professional fees
Waste removal
Insurance
Printing, stationery and postage
Repairs and renewals
Telephone and internet
Charitable donations
Cleaning
Sundry expenses
Accountancy
Depreciation
Total expenditure
Net profit for the year		 Total
2021
Total
2020
£
£
76,123
56,293
76,123
56,293
35,679
29,292
166
1,930
1,728
1,028
533
762
241
44
4,762
5,063
691
720
320
346
-
-
674
2,347
1,970
920
2,904
501
50,388
42,233
25,735
14,060

PAGE 8