REGISTERED COMPANY NUMBER: 09444183 (England and Wales) REGISTERED CHARITY NUMBER: 1176460
Report of the Trustees and Financial Statements for the Year Ended 27 February 2024
for
Darnall FA Limited
Hartrose Associates Ltd 61a Blagden Street Sheffield West Yorkshire S2 5QS
Darnall FA Limited
Contents of the Financial Statements for the Year Ended 27 February 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 10 |
| Detailed Statement of Financial Activities | 11 | to | 12 |
Darnall FA Limited
Report of the Trustees
for the Year Ended 27 February 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 27 February 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09444183 (England and Wales)
Registered Charity number
1176460
Registered office
Unit 6, Kanja Business Park Sheffield South Yorkshire S9 4LR
Trustees
K Aslam S Anwar
Independent Examiner
Hartrose Associates Ltd 61a Blagden Street Sheffield West Yorkshire S2 5QS
Approved by order of the board of trustees on 31 October 2024 and signed on its behalf by:
K Aslam - Trustee
Page 1
Independent Examiner's Report to the Trustees of Darnall FA Limited
Independent examiner's report to the trustees of Darnall FA Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 27 February 2024.
Responsibilities and basis of report
As the charity's 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 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.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Financial Accountants, which is one of the listed bodies.
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 as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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 Akhtar Hussain
Hartrose Associates Ltd 61a Blagden Street Sheffield West Yorkshire S2 5QS
31 October 2024
Page 2
Darnall FA Limited
Statement of Financial Activities
for the Year Ended 27 February 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 204,166 Other trading activities 2 3,079 Total 207,245 EXPENDITURE ON Raising funds 3 183,203 Other 2,815 Total 186,018 NET INCOME 21,227 RECONCILIATION OF FUNDS Total funds brought forward 21,951 TOTAL FUNDS CARRIED FORWARD 43,178 |
Restricted fund £ 56,254 - 56,254 25,542 - 25,542 30,712 9,957 40,669 |
27.2.24 27.2.23 Total Total funds funds £ £ 260,420 188,559 3,079 - 263,499 188,559 208,745 162,545 2,815 4,430 211,560 166,975 51,939 21,584 31,908 10,324 83,847 31,908 |
27.2.24 27.2.23 Total Total funds funds £ £ 260,420 188,559 3,079 - 263,499 188,559 208,745 162,545 2,815 4,430 211,560 166,975 51,939 21,584 31,908 10,324 83,847 31,908 |
|---|---|---|---|
| 188,559 | |||
| 162,545 4,430 |
|||
| 166,975 | |||
| 21,584 10,324 |
|||
| 31,908 |
The notes form part of these financial statements
Page 3
Darnall FA Limited
Balance Sheet
27 February 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 27,318 CURRENT ASSETS Cash at bank 44,885 CREDITORS Amounts falling due within one year 8 (29,025) NET CURRENT ASSETS 15,860 TOTAL ASSETS LESS CURRENT LIABILITIES 43,178 NET ASSETS 43,178 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 31,661 2,308 6,700 9,008 40,669 40,669 |
27.2.24 Total funds £ 58,979 47,193 (22,325) 24,868 83,847 83,847 43,178 40,669 83,847 |
27.2.23 Total funds £ 28,437 20,420 (16,949) 3,471 31,908 31,908 21,951 9,957 31,908 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2024 and were signed on its behalf by:
K Aslam - Trustee
The notes form part of these financial statements
Page 4
Darnall FA Limited
Notes to the Financial Statements
for the Year Ended 27 February 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Plant and machinery - 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 27.2.24 | 27.2.23 | ||
| £ | £ | ||
| Sponsorships | 3,079 | - |
Page 5
continued...
Darnall FA Limited
Notes to the Financial Statements - continued for the Year Ended 27 February 2024
3. RAISING FUNDS
Raising donations and legacies
| Sports and activities cost Support costs NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
27.2.24 £ 47,742 161,003 208,745 27.2.24 £ 10,408 |
27.2.23 £ 32,505 130,040 |
|---|---|---|
| 162,545 | ||
| 27.2.23 £ 303 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 27 February 2024 nor for the year ended 27 February 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 27 February 2024 nor for the year ended 27 February 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 78,264 EXPENDITURE ON Raising funds 52,250 Other 4,430 Total 56,680 NET INCOME 21,584 RECONCILIATION OF FUNDS Total funds brought forward 367 TOTAL FUNDS CARRIED FORWARD 21,951 |
Restricted fund £ 110,295 110,295 - 110,295 - 9,957 9,957 |
Total funds £ 188,559 |
|---|---|---|
| 162,545 4,430 |
||
| 166,975 | ||
| 21,584 10,324 |
||
| 31,908 |
Page 6
continued...
Darnall FA Limited
Notes to the Financial Statements - continued for the Year Ended 27 February 2024
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Plant and | |||
| machinery | |||
| £ | |||
| COST | |||
| At 28 February 2023 | 30,673 | ||
| Additions | 40,950 | ||
| At 27 February 2024 | 71,623 | ||
| DEPRECIATION | |||
| At 28 February 2023 | 2,236 | ||
| Charge for year | 10,408 | ||
| At 27 February 2024 | 12,644 | ||
| NET BOOK VALUE | |||
| At 27 February 2024 | 58,979 | ||
| At 27 February 2023 | 28,437 | ||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 27.2.24 | 27.2.23 | ||
| £ | £ | ||
| Other loans (see note 9) | - | 12,675 | |
| Trade creditors | 2,749 | (1) | |
| Social security and other taxes | 2,459 | - | |
| Other creditors | 16,767 | - | |
| Accrued expenses | 350 | 4,275 | |
| 22,325 | 16,949 | ||
| 9. | LOANS | ||
| An analysis of the maturity of loans is given below: | |||
| 27.2.24 | 27.2.23 | ||
| £ | £ | ||
| Amounts falling due within one year on demand: | |||
| Other loans | - | 12,675 |
continued...
Page 7
Darnall FA Limited
Notes to the Financial Statements - continued for the Year Ended 27 February 2024
10. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
At 28.2.23 £ 21,951 9,957 31,908 Incoming resources £ 207,245 56,254 263,499 At 28.2.22 £ 367 9,957 10,324 |
Net movement At in funds 27.2.24 £ £ 21,227 43,178 30,712 40,669 51,939 83,847 Resources Movement expended in funds £ £ (186,018) 21,227 (25,542) 30,712 (211,560) 51,939 Net movement At in funds 27.2.23 £ £ 21,584 21,951 - 9,957 21,584 31,908 |
Net movement At in funds 27.2.24 £ £ 21,227 43,178 30,712 40,669 51,939 83,847 Resources Movement expended in funds £ £ (186,018) 21,227 (25,542) 30,712 (211,560) 51,939 Net movement At in funds 27.2.23 £ £ 21,584 21,951 - 9,957 21,584 31,908 |
Net movement At in funds 27.2.24 £ £ 21,227 43,178 30,712 40,669 51,939 83,847 Resources Movement expended in funds £ £ (186,018) 21,227 (25,542) 30,712 (211,560) 51,939 Net movement At in funds 27.2.23 £ £ 21,584 21,951 - 9,957 21,584 31,908 |
|---|---|---|---|---|
| 51,939 | ||||
| At 27.2.23 £ 21,951 9,957 31,908 |
||||
| 31,908 |
continued...
Page 8
Darnall FA Limited
Notes to the Financial Statements - continued for the Year Ended 27 February 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 78,264 110,295 188,559 |
Resources Movement expended in funds £ £ (56,680) 21,584 (110,295) - (166,975) 21,584 |
Resources Movement expended in funds £ £ (56,680) 21,584 (110,295) - (166,975) 21,584 |
|---|---|---|---|
| 21,584 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Net At movement At 28.2.22 in funds 27.2.24 £ £ £ 367 42,811 43,178 9,957 30,712 40,669 10,324 73,523 83,847 |
Net At movement At 28.2.22 in funds 27.2.24 £ £ £ 367 42,811 43,178 9,957 30,712 40,669 10,324 73,523 83,847 |
|---|---|---|
| 83,847 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming resources £ 285,509 166,549 452,058 |
Resources Movement expended in funds £ £ (242,698) 42,811 (135,837) 30,712 (378,535) 73,523 |
Resources Movement expended in funds £ £ (242,698) 42,811 (135,837) 30,712 (378,535) 73,523 |
|---|---|---|---|
| 73,523 |
continued...
Page 9
Darnall FA Limited
Notes to the Financial Statements - continued for the Year Ended 27 February 2024
11. RELATED PARTY DISCLOSURES
The charity made use of a commercial premises owned by one of the Trustees during the year. Rent was charged at below market value.
Page 10
Darnall FA Limited
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 27 February 2024 | ||
| 27.2.24 | 27.2.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 10,000 | - |
| Grants | 75,874 | 112,305 |
| Subscriptions | 13,528 | 76,254 |
| Pitch hire | 161,018 | - |
| 260,420 | 188,559 | |
| Other trading activities | ||
| Sponsorships | 3,079 | - |
| Total incoming resources | 263,499 | 188,559 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Sports and activities cost | 47,742 | 32,505 |
| Other | ||
| Wages | - | 4,430 |
| Subs & Travel | 2,815 | - |
| 2,815 | 4,430 | |
| Support costs | ||
| Management | ||
| Rates and water | 5,591 | 5,192 |
| Insurance | 3,799 | 3,519 |
| Light and heat | 8,227 | 4,305 |
| Telephone | 938 | 745 |
| Postage and stationery | 870 | - |
| Sundries | - | 1,768 |
| Rent | 18,000 | 6,000 |
| Repairs & Renewals | 107,855 | 105,277 |
| Plant and machinery | 10,408 | 302 |
| 155,688 | 127,108 | |
| Finance | ||
| Bank charges | 1,202 | 334 |
| Human resources | ||
| Software licences | - | 1,403 |
| Governance costs | ||
| Accountancy and legal fees | 925 | 825 |
| Carried forward | 925 | 825 |
This page does not form part of the statutory financial statements
Page 11
Darnall FA Limited
Detailed Statement of Financial Activities for the Year Ended 27 February 2024
| Detailed Statement of Financial Activities for the Year Ended 27 February 2024 |
||
|---|---|---|
| 27.2.24 | 27.2.23 | |
| £ | £ | |
| Governance costs | ||
| Brought forward | 925 | 825 |
| Legal fees | 3,188 | 370 |
| 4,113 | 1,195 | |
| Total resources expended | 211,560 | 166,975 |
| Net income | 51,939 | 21,584 |
This page does not form part of the statutory financial statements
Page 12