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← Vulcan Football Club

2024-05-31-accounts

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

Charity Registration Number 1173553

VULCAN FOOTBALL CLUB

INDEPENDENT EXAMINERS REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB

F INANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

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

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB CHARITY STATUTORY INFORMATION FOR THE YEAR ENDED 31 MAY 2024

The trustees present their annual report and accounts for the year ended 31 May 2024.

Reference & Administrative Details

The Charity: Vulcan Football Club Charity number: 1173553 Address: Raleigh Close Newton Le Willows Merseyside WA12 8NN

TRUSTEES

P Prescott D Tomlinson A Platt A Prescott

INDEPENDENT EXAMINERS

Cowgills Limited ICAEW Chartered Accountants Fourth Floor, Unit 5B The Parklands Bolton BL6 4SD

PAGE 1

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF VULCAN FOOTBALL CLUB FOR THE YEAR ENDED 31 MAY 2024

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 May 2024, 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:

I Orgill Cowgills Limited ICAEW Chartered Accountants Fourth Floor, Unit 5B The Parklands Bolton BL6 4SD

DATE: 4/1/2025

PAGE 2

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2024

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
Other
Total expenditure
Net movement in funds
Reconciliation of funds
8
Total funds brought forward
Total funds carried forward		 Restricted
TOTAL
TOTAL
Funds
Funds
Funds
2024
2024
2023
£
£
£
-
164,692
114,769
10,820
10,954
1,026
-
10,820
175,646
115,795
6,835
122,008
54,056
64,706
42,817
6,835
176,064
107,523
3,985
(418)
8,272
-
97,737
89,465
3,985 97,319
**97,737 **

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

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB BALANCE SHEET FOR THE YEAR ENDED 31 MAY 2024

Notes 2024 2024 2023 2023
£ £ £ £
TANGIBLE FIXED ASSETS 5 26,150 36,245 36,245
CURRENT ASSETS
Cash at Bank 67,376 57,327
Debtors 6 6,675 8,524
CREDITORS
Amounts falling due within one year 7 (2,882) (4,359)
71,169 71,169 61,492 61,492
NET ASSETS 97,319 97,737 97,737
THE FUNDS OF THE CHARITY
Restricted Funds 9 3,985 97,737
Unrestricted Funds 8 93,334
TOTAL CHARITY FUNDS 97,319 **97,737 **

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

A Prescott Trustee

PAGE 4

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

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

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

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 2024
At 31 May 2023		 Total
Total
2024
2023
£
£
66,574
15,607
5,558
76,972
56,415
6,588
12,343
39,423
164,692
114,769
2024
2023
£
£
1,256
1,254
2024
2023
-
-
-
-
Fixtures &
fittings etc
2024
Total
2024
£
£
51,216
-
51,216
-
-
-
51,216
51,216
14,970
14,970
10,096
10,096
25,065
25,065
26,150
26,150
36,245
36,245

PAGE 6

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

6
DEBTORS: Amounts falling due within one year
Prepayments
Receivables
7
CREDITORS: Amounts falling due within one year
Accruals and deferred income
Creditors
Other creditors
2024
2023
£
4,054
2,621
£
7,188
1,336
6,675
8,524
2024
2023
£
£
1,256
696
1,254
2,175
930
930
2,882
4,359
8
RECONCILIATION OF
FUNDS
Funds		 As at 1
June 2023
Income
Expenditure
As at 31
May 2024
97,737
164,826
169,229
93,334
97,737
164,826
169,229
**93,334 **
9
RECONCILIATION OF
RESTRICTED FUNDS
Football Foundation
Tesco Community Grants
Wargrave Big Local
Cash4Clubs
WFA Start up Grant		 As at 1
June 2023
Income
Expenditure
-
-
-
-
-
2,720
1,000
5,000
2,000
100
2,720
1,000
3,015
-
100		 As at 31
May 2024
-
-
1,985
2,000
-
-
10,820
6,835		 3,985

The Football Foundation Fund is specifically for the purchase of goalposts.

The Tesco Community Grant is specifically for the purchase of goal replacements.

The Wargrave Big Local grant is specifically for the purchase of weatherproof storage units and the costs to upskill volunteers.

The Cash4Clubs grant is specifically for the purchase of a mower for pitch improvements.

The WFA start up grant is specifically for the purchase of walking football equipment.

PAGE 7

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

MANAGEMENT INFORMATION

FOR THE YEAR ENDED 31 MAY 2024

Docusign Envelope ID: F6C96243-2F0C-4479-92E1-485EFB8A46B3

VULCAN FOOTBALL CLUB DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2024

Income and endowments from:
Charitable activities
Total income and endowments
Expenditure on:
Football expenditure
Bar costs
Legal and professional fees
Rates
Light, heat and power
Insurance
Computer running costs
Subscriptions
Printing, stationery and postage
Repairs and renewals
Grounds maintenance
Telephone and internet
Charitable donations
Cleaning
Sundry expenses
Accountancy
Bank charges
Travel
Training
Depreciation
Total expenditure
Net profit for the year		 Total
2024
Total
2023
£
£
175,646
115,795
175,666
115,795
93,587
64,706
28,421
7,575
-
-
2,311
7,458
1,249
765
2,568
1,402
2,876
1,853
833
1,838
162
39
76
16,302
2,176
14,143
591
268
1,286
480
375
14
2,449
1,104
2,820
-
16
2,924
1,368
539
16
1,840
10,096
7,061
176,064
107,523
(418)
8,272

PAGE 8