Company Number (England and Wales) 06433551 Registered Charity Number 1174561 Boston United Football Club Communily Foundation (A Company limiled by guarantee) Flnanclal Slatement8 For the year ended 30 June 2024
Bos on Unlted Football Club Cornmunll Foundalion Flnan als ern ed30 ne2 24 CONTENTS PAGE Company Information Independent Examiner's Report Trustees. Report 3105 Income and Expenditure Account Statemenl of Financial Aclivities Balance Sheet Noles to the Financial Statements 91013
Boston Uniled Football Club Comrnunit Foundalion Com an Informatlon for the ear ended 30 June 2024 Charil Name Boston United Football Club Communily Foundation harit N 1174561 Com an islralion Number 06433551 sle D S Newton N Kempsler R Hackford Cscook Secretar D S Newlon Princi al Address Boslon United Foolball Club The Jakemans Community Stadium Pilgrlm Way Boston PE217NE Re islered Office 50-54 Oswald Road Scunlhorpe North Lincolnshire DN15 7PQ Inde end nl Examin John Heeney 8A FCA RNS Chartered Accountants 50-54 Oswald Road Scunthorpe North Lincolnshire DN15 7PQ
Boslon Unlled Foolball Club Communit Foundallon Inde endent Examiner's Re ort to the Trustees of Boston Unlted Football Club Communll Foundatlon I report to the charity trustees on my examination of the accounts of the company for the year ended 30 June 2024 which are set out on pages 6 to 13. Res onsibilities and basis of re ort As the charity Iruslees ol the company {and also ils directors lor the purpos8s ol company law) you are responsible lor the preparation ol the accounts in accordance wilh the requirements ol the Companies Act 20061'the 2006 Act,). Having satisfied rnysell that the accounts of the cornpany are not required to be audited under Part 16 ot the 2006 Acl and are eligible lor independent examination, I report in respect of my examination of your company's accounts as carried out under seclion 145 of the Charities Act 2011 I'the 2011 Act,). In carrying oul my examination I have follow8d the Directions given by ihe Charily Commission under section 14515)(b} ol the 2011 Act. Inde enden ex mlner, Since the company's gross Income exceeded £250,000 your examiner must be a mernber of a body listed in section 145 of the 2011 Act. I confirm that l am qualilied lo undertake the examinalion because I member ol Inslilula ol Charterèd Accounlanls in England and Wales. I have completed my examination. I confirm that no mallers have come to my altenlion in connection with the examination givlng me cause to believe Ihal in any material respect: accounling records were not kept in respect ol the company as required by seclion 386 01 the Companies Act 2006., or the accounls do not accord wilh those record; or the accounts do not comply with the accounting requiremenls of section 396 01 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 ol an independent 8xaminalion', or the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended Practice.. Accounting and Reporting by Charities applicable lo charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order lo enable a proper understanding of the accounls lo be reached. Mr J Heeney BA FCA RNS Chartered Accounlanls 50-54 Oswald Road Scunlhorpe North Lincolnshire DN15 7PQ £8 2025
8oslon Unlted Football Club Communlt Foundatlon ort of the Trustees lor the ear ended 30 June 2024 The Trustees present their report and financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) -Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the charity. Oblectlves and prlnclpal activlties Boslon United Football Club Community Foundation is a Registered Charity, the objectlves of which are.. To promote community participatlon in healthy recreation by providing facilities for the playing of Association football and olher sports capable of improving health. To provide and assist in provldlng 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 wlth the object ol improving their conditions of life. To relieve sickness and to preseNe and promote physical and mental health through such charitable means as the trustees think fil. To advance the educalion of chlldren and other persons including academic, social and physical education Ihrough such charitable means as Ihe trustees think fit. For the general purposes of such charitable bodies or for such other exclusively charilable purposes in each case as the trustees may Irom time to time decide. The principal activity of the company is the promotion and organisation of sport in the community. Truslee8 The Trustees who served during the year and since the year end w8r8 as follows: D S Newton N Kempsler R Hacklord Cscook The members of the 8oard of Trustees are elected at the Annual General Meeting by the members of the charity, and usually serve lor a three-year term, The company is limited by guarantee therefore none of the trustees have an interest in share capital. Governlng document The charily 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 staius The company is incorporated as a private company limited by guarantee wilhout share capital.
Boston United Football Club Communi Re ort of the Trustee for th rend Foundation Jun 24 ntlnued Flnancial Revlew The statement ol Financial Activities ISOFAI shows that al the end of the financial year we had a deficit to carry forward of £27,216 compared with reserves of £4.516 at June 2023. Overhead costs have increased this year in order to generate more activity, particularly in the education programme and we are beginning to see the benefits of this through increased participation numberslincome. This growth and the continuing focus on the core activities ol heallh initiatives and sports participation especialty football provides Ihe confidence for the Trustees that the Foundation's activities are on course lo achieve a surplus on unrestricted res8ries going loard. ststement for public benetit test for charltles In setting our objectives and planning our activities the trustees have given careful consideration to the charity comrnission general guidance on public benefit. AGhlgvem•nls and perform•nce There has been another year of growth in activity levels in this financial year with the main sources of income being in the education, health and loolball programmes. Wilh an emphasis on Community initiatives there has been a good increase in participation levels across all of the Foundation's programmes. The educallon programme has been a signlflcant area of growth with ongoing Interaction with local schools to engage wilh all age groups particularly through the Premier League Primary Stars project. More resources have been provided lo expand and enhance our 16+ College Programme with the breadth ol academic qualillcations expended Including the introduction ol posl 19 course up to degree level. Student number5 hav8 shown a significant increase wilh the linkages to both our foolball and sports coaching programmes providing excellent opportunities for learning in the unique setting of a tootball stadium. The lootball prograrnmes continue to pertorm strongly with growth in these programmes particularly aimed at the female side ol the game as we seek to replicale Ihe Iooiball structurelpathways thal already exist lor the men's game. There has also been an emphasis on Health and well.being activities acTOSS a wicle Sector of the community ranging from the popular holiday actNlties and food programme for school children right up to our social inclusion projects with the golden goal project for over 55s which conlinues to grow. The Trustees remain keen to continue to increase the expansion In activity to increase Ihe interaction wlth the local community Ihrough this wide range of inilialives Small company's provlslons The report of the trustees has been prepared taking advanlage of the small company's exemption of seclion 415A ol the Companies Act 2006.
Boslon Unlted Football Club Communi Foundatlon Re ort ol the Trustees lor the ear ended 30 June 2024 continued By order of the Board SIGMEO SÉCURELY 2110Y2D25 &12."53'.08 LITC N R Kempster Truslee SNED SECVRELY 28/03/2025 211U)11025 •12,.$3..IJ• PII UTC
Boston Unlled Foolball Club Communl Foundation Income and ex Year ended 30 endilure account un 2024 2024 2023 Income 580.649 476,979 Gross income 580.649 476.979 Expenditure (612,3811 (473,152) Interest payable Total expenditure (612,3811 (473,152) Nel (deflclt)Isurplus (31,732} 3,827 The income and expenditure account has been prepared on the basis that all operations are contlnuing operations.
Boslon United Football Club Communi Foundation Statement of Flnanclal Activities For the ear ended 30 June 2024 nrestricted Funds 2024 Total 2023 Note Income from: Donations Charitable activities Sponsorship Grants and subsidies 43,539 352,692 14,990 169,428 2,666 300,772 5,47S 168,066 Total Income 580,649 476,979 Expenditure on: Charltable activities Governance costs Bank Interest payab18 601.159 11,222 465,800 7,352 Total expendlture 612,381 473.152 Net (deflclt)Isurplus (31.732) 3,827 Tolal lunds brought forward 4.516 689 Total lunds carrled forward 12 127,216) 4,516
Boston Unfted Foolball Club Communl Com an number 06433551 Balance sheet .As at 30 June 2024 Foundation Total 2024 Tolal 2023 Notes Flxed assets Tangible assets 4,957 5,226 Current assets Debtors 10 24,145 35,178 Cash at bank and in hand 31,661 69,048 Tolal current assels 55.806 104,226 Credllors.. Amounts falling due within one year 11 87.979 104,936 132,173) (710) (27,216> 4,516 Funds ol lh• charl Unrestricled funds 12 (27,2161 4,516 Total charlt assets 12 (27,216) 4,516 For the year ended 30 June 2024 the company was entitled to exemption from audil under section 477 of the Companies Act 2006 relatlng to small companies. Directors. responsibilitl8S: the members have not required the company to obtain an audil ol its accounts for the year in question In accordance with section 476; the directors acknowledge their responsibilities for complylng wllh Ihe requirements of the Act with respect lo 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. SIGNeO SECUAELY 28/03/2025 .The financial statements were approved by the 8oard on . . IPffj¥IO?}.4l¥'S),'99 PM VTF...... SIGFIED SECURELY 28m%2025•t2.'53.'08 Phl UTC N R Kempsler, Trustee
Boston Unlted Football Club Communi Notes lo the financial statements Year ended 30 June 2024 Foundation Summa ofsi nificant accountin olicies (a) General Intormallon and basis of preparallon Boston United Football Club Community Foundation is a private company limiled by guarantee incorporated in England. In the evenl 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 nalure of the charily'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.. Slalement of Recommended Practice applicable lo charities preparing iheir accounls in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Issued in October 2019. the Financial Reporting Standard applicable in Ihe United Kingdom and Republic of Ireland (FRS 102), the Charilies Acl 2011, Ihe Companies Act 2006 and UK Generally Accepled 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 linancial statements are presented in sterling which is Ihe functional currency of the charity and rounded to the nearest £. The significani accounting policies applied In the preparalion of these flnanclal statements are sel oul below. These policies have been consistently applied to all years presented unless othepwise staled. (b) Income recognltlon Grants received of a revenue nature are credited lo Incoming Resources in the Statement Df Financial Activities wh8n the company is legally entitled to the income and the amount can be quanlilied with reasonable accuracy. SeNices provided, sponsorship and rents are accounled for on tlie accruals basis. Other income Is accounted for when received. All income is shown gross with associated costs included in expendilure. (c) Expenditure recognltlon All 8xpenditure is accounted for on an accruals basis and has been classified under headings that aggregate costs related to the caleoory. Where cosls cannol be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. (d) Tangible flxed assets and depreciation Tangible fixed assets are staled at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value ot each assel over ils expected useful Ilfe. Furniture, fittings and equipment- over 3 years 1250/0 on written down valua
10 Boston Unlted Foolball Club Communi Notes to the financial slatements Year ended 30 June 2024 Foundation (e) Funds General funds are unrestricled funds which are available for use at the discrelion of the trustees in the furtherance of the general objectives of Ihe charily and which have nol been designaled for other purposes. 2 Income from charitable aclivllies Unrnstricted Funds 2024 2023 Training fees College Income Coaching hours Fundraising income Sundry income 176,360 122,882 25,950 512 26.988 186,698 73,706 27,739 5,544 7,085 352,692 300.772 3 Ex ndlture on charltable actlvltles nreslricted Funds Total Note Wages and salaries Facility hire Match and training kits Malch off icial and league entry fees Sports equipment Miscellaneous purchases Slaff training Insurance Repairs and maintenance Telephone Prinling, postage and statlonery Subscriptions Sundry expenses Motor and Iravel expenses Advertising Depreciation 307,057 115.485 33,839 20,064 19,938 24,053 13,402 3,579 239,903 97,087 28,042 10.842 18.729 21,223 9,480 3,693 (482) 2,022 436 1,027 12,455 19,650 218 1.475 1,939 6.217 13,854 37,594 4,138 601,159 465,800
Boslon Unlted Football Club Communil Foundatlon Noles to the tinancial stalements Year ended 30 June 2024 4 Governance costs strlcled Fun 202 Accountancy fees Legal and professional fees Bad debts written off Bank charges 1,996 1,066 1.740 6,420 2,072 1.954 3.326 11,222 7.352 5 Staff costs and number9 2024 2023 Wages and salaries Social security costs Pension costs 286,944 16,710 3,403 226,055 11,006 2,842 307,057 239,903 No employee received emoluments of more than £60,000. The average number of employees during Ihe year was 45 {2023- 31), ratin def iclt Isu lus The operaling Ideficil)Isurplus is after charging: 024 Independent examiner's fee 500 500 7 Inleresi able 2024 2023 Bank interest
12 Boston Unlted Football Club Communi Notes to Ihe Ilnanclal stalements Year ended 30 June 2024 Foundation 8 Taxation As a charity the company is exempt Irom Corporation Tax. 9 Tan Ible flxed assets Furniture, fittings and equipment Motor vehicles Total Co81 or valuatlon At 1 July 2023 Additions 5,543 3,869 1,830 7,373 3,869 At 30 June 2024 9,412 1,830 11,242 D•pr•¢latlon At 1 July 2023 Charge for the year 1,804 3,810 343 328 2,147 4,138 At 30 June 2024 5,614 671 6,285 Carrylng amount At 30 June 2024 3,798 1,159 4,957 At 30 June 2023 3,739 1,487 5.226 10 D bto 2024 Trade debtors Prepayments and accrued income 13,598 10,547 13,223 21,955 24,145 35.178
13 Boston United Foolball Club Communil Foundatlon Notes lo the flnanclal stalements Year ended 30 June 2024 11 Creditor Amounts lallin due within ear 024 23 Trade creditors Other creditors Accruals and deferred income Taxation and social security 8,170 32.120 44,409 3,280 4,636 31,191 65,983 3,126 87,979 104,936 12 ccumulated fund nrestrlcted As at 1 July 2023 4,516 Deficit for the year (31.732) As at 30 June 2024 127,216) 13 Anal sls of net assets between funds nreslricted Funds Total Tangible fixed assets Current assels Current liabilities 4,957 55,806 (87,979) 4,957 55,806 {87,979) (27,216) 127,216) 14 Trustees, remuneralion No r8muneration or expenses directly or Indirectly out ol 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 wilh any of them.