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 2023
Boston United Football Club Community Foundation Financial statements for the year ended 30 June 2023
| 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 2023
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 2023 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
…………………….. 2024
3
Boston United Football Club Community Foundation Report of the Trustees for the year ended 30 June 2023
The Trustees present their report and financial statements of the charity for the year ended 30 June 2023. 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 2023 (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 £4,516, compared with reserves of £689 at 30 June 2022.
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 maintain 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
The Community Foundation’s activity has continued to grow in this financial year, with income generated primarily through its football, education, and health programmes.
There has been a significant increase in participation levels across the various programmes as the foundation continues its strong community engagement.
Football participation remains the main activity with around 40 competitive teams now in place, with grassroots and elite pathways providing opportunities for the whole community to play, from 3-year-olds in the Tiny Pilgrims right through to 70+ in the Walking Football sessions.
There has been growth in our Education Programme with increasing student numbers enrolling on our 16+ College Programmes based at the football stadium, as well as ongoing interaction with local primary and secondary schools, particularly through the Premier League Primary Stars Scheme.
Health initiatives have been a further focus for the foundation this year, with a particular emphasis on mental health and social inclusion projects, as well as the introduction of Fighting Fit, a cancer rehabilitation project. The holiday activities and food programme have also continued, enabling increasing numbers of school children in receipt of free school meals the opportunity to access activities during the school holidays.
The Trustees are pleased with the growth in the programme during the current year and hope to continue this expansion in activity in the next financial year to provide further benefits to the local community, which will increase sports participation, education and skills training, as well as promoting healthy lifestyles.
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 2023 (continued)
By order of the Board
SIGNED SECURELY 27/03/2024 at 12:57:33 PM UTC
…………………….. D S Newton Chairman
SIGNED SECURELY
27/03/2024 at 12:57:33 PM UTC
Date: ………………………………..
6
Boston United Football Club Community Foundation
Income and expenditure account Year ended 30 June 2023
Income Gross income Expenditure Interest payable Total expenditure Net surplus/(deficit) |
2023 £ 476,979 476,979 (473,152) - (473,152) 3,827 |
2022 £ 386,439 386,439 (389,144) (384) (389,528) (3,089) |
|---|---|---|
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 2023
| Income from: Donations Charitable activities Sponsorship Grants and subsidies Total income Expenditure on: Charitable activities Governance costs Bank interest payable Total expenditure Net surplus/(deficit) Total funds brought forward Total funds carried forward |
Note 2 3 4 7 12 |
Unrestricted Funds Total 2023 2022 £ £ 2,666 19,152 300,772 236,422 5,475 25,847 168,066 105,018 _ _ 476,979 386,439 _ _ 465,800 382,642 7,352 6,502 - 384 _ _ 473,152 389,528 _ _ 3,827 (3,089) 689 3,778 _ _ 4,516 689 |
|---|---|---|
8
Boston United Football Club Community Foundation Company number 06433551 Balance sheet
As at 30 June 2023
| 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 |
35,178 69,048 104,226 104,936 |
Total 2023 £ 5,226 (710) 4,516 4,516 4,516 |
21,050 18,406 39,456 41,680 |
Total 2022 £ 2,913 (2,224) 689 689 689 |
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|---|---|---|---|---|---|---|---|
For the year ended 30 June 2023 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.
SIGNED SECURELY 27/03/2024 at 12:57:33 PM UTC
The financial statements were approved by the Board on ……………………………..
SIGNED SECURELY
27/03/2024 at 12:57:33 PM UTC
………………………… D S Newton, Chairman
9
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2023
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 2023
(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 Total 2023 2022 £ £ 186,698 156,184 73,706 49,158 27,739 19,190 5,544 604 7,085 11,286 300,772 236,422 |
|---|---|
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 Insurance Repairs and maintenance Telephone Printing, postage and stationery Subscriptions Sundry expenses Motor and travel expenses Advertising Depreciation |
Unrestricted Funds Total 2023 2022 £ £ 239,903 195,613 97,087 73,327 28,042 26,636 10,842 16,019 18,729 9,208 21,223 10,825 9,480 8,014 3,693 5,628 (482) 518 2,022 565 436 399 1,027 1,507 12,455 15,922 19,650 16,263 218 1,526 1,475 672 465,800 382,642 |
|---|---|
11
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2023
4 Governance costs
| Accountancy fees Legal and professional fees Bad debts written off Bank charges |
Unrestricted Funds 2023 £ 2,072 1,954 - 3,326 7,352 |
Unrestricted Funds 2023 £ 2,072 1,954 - 3,326 7,352 |
Total 2022 £ 1,896 1,012 14 3,580 6,502 |
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|---|---|---|---|---|
5 Staff costs and numbers
| Wages and salaries Social security costs Pension costs |
2023 £ 226,055 11,006 2,842 239,903 |
2022 £ 183,814 8,948 2,851 195,613 |
|---|---|---|
No employee received emoluments of more than £60,000.
The average number of employees during the year was 31 (2022 - 24).
6 Operating surplus/(deficit)
| The operating surplus/(deficit) is after charging: Independent examiner’s fee Interest payable Bank interest |
2023 £ 500 2023 £ - |
2022 £ 500 2022 £ 384 |
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|---|---|---|---|---|
7 Interest payable
12
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2023
8 Taxation
As a charity the company is exempt from Corporation Tax.
9 Tangible fixed assets
| Furniture, fittings and Motor |
Furniture, fittings and Motor |
Furniture, fittings and Motor |
Total £ 44,171 3,788 (40,586) 7,373 41,258 1,475 (40,586) 2,147 5,226 2,913 2022 £ 10,805 2,499 7,746 21,050 |
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|---|---|---|---|---|---|
| equipment vehicles |
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| £ | £ | ||||
| Cost or valuation | |||||
| At 1 July 2022 | 44,171 | - | |||
| Additions | 1,958 | 1,830 | |||
| Disposals | (40,586) | - | |||
| At 30 June 2023 | |||||
| 5,543 | 1,830 | ||||
| Depreciation | |||||
| At 1 July 2022 | 41,258 | - | |||
| Charge for the year | 1,132 | 343 | |||
| Eliminated on disposal | (40,586) | - | |||
| At 30 June 2023 | |||||
| 1,804 | 343 | ||||
| Carrying amount | |||||
At 30 June 2023 |
|||||
| 3,739 | 1,487 | ||||
| At 30 June 2022 | |||||
| 2,913 | - | ||||
| 10 | Debtors Trade debtors Prepayments and accrued income Other debtors |
2023 £ 13,223 21,955 - 35,178 |
13
Boston United Football Club Community Foundation Notes to the financial statements Year ended 30 June 2023
11 Creditors: Amounts falling due within on year
| Trade creditors Other creditors Accruals and deferred income Taxation and social security |
2023 £ 4,636 31,191 65,983 3,126 104,936 |
2022 £ 7,816 29,809 1,848 2,207 41,680 |
|---|---|---|
12 Accumulated funds
| As at 1 July 2022 Surplus for the year As at 30 June 2023 |
Unrestricted | Unrestricted | Unrestricted |
|---|---|---|---|
| Funds £ 689 3,827 4,516 |
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13 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities |
Unrestricted Funds Total £ £ 5,226 5,226 104,226 104,226 (104,936) (104,936) 4,516 4,516 |
|---|---|
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.