Company Number (England and Wales) 06433551 Registered Charity Number 1174561
Boston United Football Club Community Foundation
(A Company limited by guarantee)
Financial Statements
For the year ended
30 June 2022
Boston United Football Club Community Foundation Financial statements for the year ended 30 June 2022
| CONTENTS | PAGE |
|---|---|
| Company Information | 1 |
| Independent Examiner’s Report | 2 |
| Trustees’ Report | 3 to 5 |
| Income and Expenditure Account | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 13 |
1
Boston United Football Club Community Foundation Company information for the year ended 30 June 2022
Charity Name
Boston United Football Club Community Foundation
Charity Number
1174561
Company Registration Number
06433551
Trustees
D S Newton N Kempster R Hackford C S Cook
Secretary
D S Newton
Principal Address
Boston United Football Club The Jakemans Community Stadium Pilgrim Way Boston PE21 7NE
Registered Office
50-54 Oswald Road Scunthorpe North Lincolnshire DN15 7PQ
Independent Examiner
John Heeney BA FCA RNS Chartered Accountants 50-54 Oswald Road Scunthorpe North Lincolnshire DN15 7PQ
2
Boston United Football Club Community Foundation Independent Examiner’s Report to the Trustees of Boston United Football Club Community Foundation
I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2022 which are set out on pages 6 to 13.
Responsibilities and basis of report
As the charity 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 company’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
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of Institute of Chartered Accountants in England and Wales.
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 that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of
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the Companies Act 2006; or
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the accounts do not accord with those record; or
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the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 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: 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.
Mr J Heeney BA FCA
RNS Chartered Accountants 50-54 Oswald Road Scunthorpe North Lincolnshire DN15 7PQ
30 March 2023
3
Boston United Football Club Community Foundation Report of the Trustees for the year ended 30 June 2022
The Trustees present their report and financial statements of the charity for the year ended 30 June 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
Objectives and principal activities
Boston United Football Club Community Foundation is a Registered Charity, the objectives of which are:
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1 To promote community participation in healthy recreation by providing facilities for the playing of Association football and other sports capable of improving health.
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2 To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interest of social welfare and with the object of improving their conditions of life.
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3 To relieve sickness and to preserve and promote physical and mental health through such charitable means as the trustees think fit.
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4 To advance the education of children and other persons including academic, social and physical education through such charitable means as the trustees think ft.
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5 For the general purposes of such charitable bodies or for such other exclusively charitable purposes in each case as the trustees may from time to time decide.
The principal activity of the company is the promotion and organisation of sport in the community.
Trustees
The Trustees who served during the year and since the year end were as follows:
D S Newton N Kempster R Hackford C S Cook
The members of the Board of Trustees are elected at the Annual General Meeting by the members of the charity, and usually serve for a three year term.
The company is limited by guarantee therefore none of the trustees have an interest in share capital.
Governing document
The charity is governed by its memorandum and articles of association incorporated 21 November 2007 and amended by special resolution on 30 June 2017. The company became a registered charity on 7 September 2017.
Corporate status
The company is incorporated as a private company limited by guarantee without share capital.
4
Boston United Football Club Community Foundation Report of the Trustees for the year ended 30 June 2022 (continued)
Financial Review
The Statement of Financial Activities (SOFA) shows that at the end of the financial year we had reserves to carry forward of £689, compared with reserves of £3,778 at 30 June 2021.
The Trustees are continuing to obtain sponsorship and income from donations is increasing whilst also focusing on the core activities of increasing community participation in sport. We are confident therefore that our activities are sustainable and that we are on course to create a surplus on unrestricted reserves.
Statement for public benefit test for charities
In setting our objectives and planning our activities the trustees have given careful consideration to the charity commission general guidance on public benefit.
Achievements and performance
Income in the year has increased significantly as the year has not been influenced by the Covid19 restrictions that were put in place. Due to this our training fee income has tripled in the year with strong participation levels across all age groups from our Tiny Pilgrims right through to the Walking Football groups as the public return to the sports they enjoy.
The charity has still been very busy engaging with the community, encouraging sports participation, delivering education, and facilitating healthy lifestyles, both physical and mental.
The charity has continued to deliver its Premier League Primary Stars project in a number of the local schools helping to deliver after school clubs increasing healthy activities, as well as working with teachers to support P.E. delivery through CPD events.
Two of the new programs which the charity has participated and delivered to the community during the 2022 year are the Holiday Activities and Food and the Golden Goal programs. The Holiday Activities and Food program offers holiday club provision to those children who receive benefits related free school meals. The Golden Goal project was launched by the club to promote social inclusion for the over 55s.
The trustees are satisfied with the result of the current year and hope to continue to make improvements in the next financial year. The charity continues to support the community wherever possible and providing opportunities for the community to take part in sporting activities. It has promoted healthy lifestyles and increased physical activity together with providing opportunities for the local community to develop skills and access training.
Small company’s provisions
The report of the trustees has been prepared taking advantage of the small company’s exemption of section 415A of the Companies Act 2006.
5
Boston United Football Club Community Foundation Report of the Trustees for the year ended 30 June 2022 (continued)
By order of the Board
D S Newton Chairman
Date: 30 March 2023
6
Boston United Football Club Community Foundation
Income and expenditure account Year ended 30 June 2022
Income Gross income Expenditure Interest payable Total expenditure Net deficit |
2022 £ 386,439 386,439 (389,144) (384) (389,528) (3,089) |
2021 £ 251,449 251,449 (257,680) (22) (257,702) (6,253) |
|---|---|---|
The income and expenditure account has been prepared on the basis that all operations are continuing operations.
7
Boston United Football Club Community Foundation
Statement of Financial Activities For the year ended 30 June 2022
| Income from: Donations Charitable activities Sponsorship Grants and subsidies Total income Expenditure on: Charitable activities Governance costs Bank interest payable Total expenditure Net deficit Total funds brought forward Total funds carried forward |
Note 2 3 4 7 12 |
Unrestricted Funds Total 2022 2021 £ £ 19,152 36,472 236,422 96,335 25,847 8,848 105,018 109,794 _ _ 386,439 251,449 _ _ 382,642 253,246 6,502 4,434 384 22 _ _ 389,528 257,702 _ _ (3,089) (6,253) 3,778 10,031 _ _ 689 3,778 |
|---|---|---|
8
Boston United Football Club Community Foundation Company number 06433551 Balance sheet
As at 30 June 2022
| Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Total current assets Creditors:Amounts falling due within one year Net current liabilities Net assets Funds of the charity Unrestricted funds Total charity assets |
Notes 9 10 11 12 12 |
21,050 18,406 39,456 41,680 |
Total 2022 £ 2,913 (2,224) 689 689 689 |
8,735 65,007 73,742 69,964 |
Total 2021 £ - 3,778 3,778 3,778 3,778 |
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For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts:
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The financial statements were approved by the Board on 30 March 2023.
D S Newton, Chairman
9
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2022
1 Summary of significant accounting policies
(a) General information and basis of preparation
Boston United Football Club Community Foundation is a private company limited by guarantee incorporated in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are described on page 3.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Income recognition
Grants received of a revenue nature are credited to Incoming Resources in the Statement of Financial Activities when the company is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Services provided, sponsorship and rents are accounted for on the accruals basis. Other income is accounted for when received. All income is shown gross with associated costs included in expenditure.
(c) Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate costs 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.
(d) 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.
Furniture, fittings and equipment – over 3 years / 25% on written down value
10
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2022
(e) Funds
General funds are unrestricted funds which are available for use at the discretion of the trustees in the furtherance of the general objectives of the charity and which have not been designated for other purposes.
2 Income from charitable activities
| Training fees Boston College Coaching hours Fundraising income Sundry income |
Unrestricted Funds 2022 £ 156,184 49,158 19,190 604 11,286 236,422 |
Total 2021 £ 51,997 30,000 548 1,243 12,547 96,335 |
|---|---|---|
3 Expenditure on charitable activities
| Note Wages and salaries 5 Facility hire Match and training kits Match official and league entry fees Sports equipment Miscellaneous purchases Staff training Rent and rates Electricity and gas Insurance Repairs and maintenance Telephone Printing, postage and stationery Subscriptions Sundry expenses Motor and travel expenses Advertising Depreciation |
Unrestricted Funds Total 2022 2021 £ £ 195,613 177,177 73,327 15,623 26,636 26,011 16,019 - 9,208 2,245 10,825 1,862 8,014 5,286 - 355 - 1,014 5,628 4,316 518 738 565 2,936 399 1,035 1,507 3,052 15,922 3,256 16,263 7,704 1,526 636 672 - 382,642 253,246 |
|---|---|
11
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2022
4 Governance costs
| Accountancy fees Legal and professional fees Bad debts written off Bank charges |
Unrestricted Funds 2022 £ 1,896 1,012 14 3,580 6,502 |
Unrestricted Funds 2022 £ 1,896 1,012 14 3,580 6,502 |
Total 2021 £ 1,800 661 600 1,373 4,434 |
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5 Staff costs and numbers
| 2022 £ Wages and salaries 183,814 Social security costs 8,948 Pension costs 2,851 195,613 |
2021 £ 167,443 6,999 2,735 177,177 |
|---|---|
No employee received emoluments of more than £60,000.
The average number of employees during the year was 24 (2021 - 26).
6 Operating deficit
The operating deficit is after charging:
| The operating deficit is after charging: Independent examiner’s fee Interest payable Bank interest |
2022 £ 500 2022 £ 384 |
2021 £ 500 2021 £ 22 |
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7 Interest payable
12
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2022
8 Taxation
As a charity the company is exempt from Corporation Tax.
9 Tangible fixed assets
| 10 | Cost At 1 July 2021 Additions At 30 June 2022 Depreciation At 1 July 2021 Provided during the year At 30 June 2022 Net book value At 30 June 2022 At 30 June 2021 Debtors Trade debtors Prepayments and accrued income Other debtors |
2022 £ 10,805 2,499 7,746 |
2022 |
Furniture, fittings and equipment £ 40,586 3,585 44,171 40,586 672 41,258 2,913 - 2021 £ 1,273 7,462 - 8,735 |
Furniture, fittings and equipment £ 40,586 3,585 44,171 40,586 672 41,258 2,913 - 2021 £ 1,273 7,462 - 8,735 |
Furniture, fittings and equipment £ 40,586 3,585 44,171 40,586 672 41,258 2,913 - 2021 £ 1,273 7,462 - 8,735 |
Furniture, fittings and equipment £ 40,586 3,585 44,171 40,586 672 41,258 2,913 - 2021 £ 1,273 7,462 - 8,735 |
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| 41,258 2,913 - 2021 £ 1,273 7,462 - 8,735 |
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| 21,050 |
13
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2022
11 Creditors: Amounts falling due within on year
| Trade creditors Other creditors Accruals and deferred income Taxation and social security |
2022 £ 7,816 29,809 1,848 2,207 41,680 |
2021 £ 6,228 45,920 16,538 1,278 69,964 |
|---|---|---|
12 Accumulated funds
| As at 1 July 2021 Deficit for the year As at 30 June 2022 |
Unrestricted Funds £ 3,778 (3,089) 689 |
Unrestricted Funds £ 3,778 (3,089) 689 |
|---|---|---|
13 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities |
Unrestricted Funds £ 2,913 39,456 (41,680) 689 |
Total £ 2,913 39,456 (41,680) 689 |
|---|---|---|
14 Trustees’ remuneration
No remuneration or expenses directly or indirectly out of the funds of the company was paid or payable for the year to any trustee or to any person or persons known to be connected with any of them.
15 Related party transactions
During the year the charity received sponsorship income of £NIL (2021 - £NIL), donations of £16,000 (2021 - £15,000) and a loan of £NIL (2021 - £45,000) from Chestnut Homes Limited, a company which is controlled by one of the trustees.