Charity Registration Number 1173553
VULCAN FOOTBALL CLUB
INDEPENDENT EXAMINERS REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
VULCAN FOOTBALL CLUB
F INANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
| 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 2022
The trustees present their annual report and accounts for the year ended 31 May 2022.
Reference & Administrative Details
The Charity: Vulcan Football Club Charity number: 1173553 Address: 86 Catherine Way Newton Le Willows Merseyside WA12 8RG
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 2022
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 May 2022, which are set out on pages 3 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:
-
accounting records were not kept in respect of the company required by section 386 of the 2006 Act; or
-
the accounts do not accord with those accounting 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.
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 2022
| Notes Income and endowments: Income and endowments from generated funds Charitable activities 2 Grants and donations Income from government grants 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 2022 2021 £ £ 96,676 76,123 600 5,440 - 22,599 |
|---|---|
| 97,276 104,162 53,689 - 28,789 29,137 6,542 14,709 |
|
| 82,478 50,388 14,798 53,774 74,667 20,893 |
|
| 89,465 **74,667 ** |
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 2022
| 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 |
2022 £ £ 13,017 78,842 421 (2,815) 76,448 89,465 89,465 89,465 |
2022 £ £ 13,017 78,842 421 (2,815) 76,448 89,465 89,465 89,465 |
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 ** |
|---|---|---|---|---|
| 89,465 | 74,667 | |||
| 89,465 | 74,667 | |||
| 89,465 | **74,667 ** |
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 2022
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 2022
| 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 2022 At 31 May 2021 |
Total Total 2022 2021 £ £ 60,856 4,846 19,811 11,163 23,341 11,296 34,479 7,007 |
|
|---|---|---|
| 96,676 76,123 |
||
| 2022 2021 £ £ 1,140 850 |
||
| 2022 2021 - - |
||
| - - |
||
| Fixtures & fittings etc 2022 Total 2022 £ £ 19,749 1,175 19,749 1,175 - - |
||
| 20,924 20,924 |
||
| 3,735 3,735 4,172 4,172 |
||
| 7,907 7,907 |
||
| 13,017 13,017 |
||
| 13,017 13,017 |
PAGE 6
VULCAN FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
| 6 DEBTORS: Amounts falling due within one year Prepayments 7 CREDITORS: Amounts falling due within one year Accruals and deferred income Other creditors 8 RECONCILIATION OF FUNDS As at 1 June 2021 Income Expenditure Funds 74,667 97,276 (82,478) 74,667 97,276 (82,478) |
6 DEBTORS: Amounts falling due within one year Prepayments 7 CREDITORS: Amounts falling due within one year Accruals and deferred income Other creditors 8 RECONCILIATION OF FUNDS As at 1 June 2021 Income Expenditure Funds 74,667 97,276 (82,478) 74,667 97,276 (82,478) |
2022 2021 £ 421 £ - |
|
|---|---|---|---|
| 421 - |
|||
| 2022 2021 £ £ 2,280 1,700 535 29,503 2,815 31,203 As at 31 May 2022 89,465 89,465 |
2022 2021 £ £ 2,280 1,700 535 29,503 |
||
| 2,815 31,203 |
|||
| 74,667 97,276 (82,478) |
PAGE 7
MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 MAY 2022
VULCAN FOOTBALL CLUB DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2022
| Income and endowments from: Charitable activities Total income and endowments Expenditure on: Football expenditure Bar costs Legal and professional fees Insurance Computer running costs 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 2022 Total 2021 £ £ 97,276 104,162 |
|---|---|
| 97,276 104,162 |
|
| 53,689 37,407 14,603 319 166 699 533 409 676 241 4,356 4,762 509 119 953 691 720 320 834 674 1,140 1,970 4,172 2,904 |
|
| 82,478 50,388 |
|
| 14,798 53,774 |
PAGE 8