Charty registration number 1177698 Company reglstr•t40n number 10227749 (Englartd and Wales) LONG EATON UNITED FOOTBALL CLUB LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
LONG EATON UNITED FOOTBALL CLUB LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustets Mr. N J Dargan Mrs. A Dargan Iss S E Dargan Charty number 1177698 Company number 10227749 Reglstered offlce 1 Long Lan• Attenborough Nottingham United Kingdom NG9 6BG Ind•pendent examlner Azets 2 Re9an Way Chetrryn¢J Business P4rk Chih¥ell Nottingham Unrte4Y Kingdom NG9 6RZ
LONG EATON UNITED FOOTBALL CLUB LIMITED CONTENTS Pag• Trusteès, report Independent examiner's report Stalemtrnt ol finanrAal actwities Balance sh8•t Note5 to the financial stat8mènts 6-15
LONG EATON UNITED FOOTBALL CLUB LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MAY 2024 The trustees pres&nt Ih8ir annual ieport and financial stenIS for the year ended 31 May 2024. The financial statements have been prepared In accordance wrth the accounting policies sel out in nota 1 to the financial statemènts and comply th8 charty's goveming document, the Companies Act 2006 and 'Accounling and Reporting by Chanties" Statement of Recommènded PraCte applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In thè UK and Republ ol Ireland IFRS 1021" las amended for accounting penods commèncing from 1 January 20161 ObCtIveS and actlvltl•$ The ch8rrty was registèred a5 a charty on th¢ 16 March 2018 The chorf(l$ objects are for thè b•nefft of the publi¢.. 1. To promot• eommunrty participation in lootball". 2 To provlde or assist in th provision of lacilits8s In the interests of social welfare for reernation gr oltter leisure tim¢ occupation of individuals who have n8ed of such facilities by rea50n of their ytsuth. age infirmity CY disability, financial hardship or social cireumstan¢•$ wrth the object of improving their condrtions of lrfe,. and 3. to advance the education of ¢hildren and youn9 p•ople whether or not undtsrgoing fomial edu¢8tion. The tru$t•¢5 have paid duo r¢gar¢J to guidance i$$ued by the Charty Commi55ion in d•ciding what activrti•s th ¢harity Should und•rtak•. Achl•v•ment• and rIormanc The Trust086 confirm that th• objectives have been su¢¢esslully met during the year. er 30 community t?am5 have operatèd Irom the club during th? year. In addrtton. turn up and play groups for girls and boys agafj 4-11 years ol age have run successfully with management and $upervisK)n on a wholly vc4untary basis. The Trustees and Dlre¢tor5 have providd financial and op•r•lional manag•m•nt on a voluntary basis which signilieantly rédu¢?5 costs enabling all net ftjnds raised lo be used to furth¢r deveklp and improve the lacilrties evailabl for members and th• wider Community A large part of the yèar h8$ involved managing the oPeratn of the State of th• art. fv115Ee. floodlrt 3G Astro facility along with 811 other club facilities In èdditton. fvrther Wofks to the infrastfueturè ènd f8¢ilities have baén wmpleted during thè year ended 31st May 2024. The Trustees 8r• satisfied that the affairs of the wholly ownèd subsidiary ar8 èffè¢twely segregated from the ¢ompany and th the cornpany benefrts from rts actNrtiès which encouragès more community particip8b.on in football. Financlal r¢vbtrw Unrestricted funds eontinue to be prop•rty monaged and the eharty remains secvrèly financed and abl8 to ¢ovèr all 118bilities as and when they fall d¢J6. It Is the policy of the charity that unrestrictèd lunds whh have not been designated for a specific use should bg maintained at a level equivalent to bèfv4eèn three and srK month's expendrture The trustees consider that reserve5 at this level will ensure that, In the event of a significant drop in funding. they will be able to continue the charity's currènt sctivrties while consider8bon Is given to ways in whh addrtional funds may be raised. This level of reservas has been maintsined throughout the year The trustees have assessed Ihe major risks to whi¢h the ¢harty ts exposed. and are sath5fied Ihat systems arè In place to mrtlgatè exposure to the major risks.
LONG EATON UNITED FOOTBALL CLUB LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 structure, governance and management The ch8rrty Is controlled by rts 9ovèrning docurrenl. a conststution adopted in 2018. The charrty Ls a ¢ompany linirted by guarantee. The trustees. who are also the directors lor the puoose of company law. and who sèrvèd ¢Juring the year and up to the date ol signature of the finaneial 5taternents were Mr. N J Dargan Mrs. A Oargan Miss S E Dargan At every Annual R•tir8m•nt Maèting Irom 2020 onwards lincluswe of 20201. ono third. or the number nearést to ono third ol the dir8Ctors. must retire from office Whertr more than one third of the directors hav8 sèN•d for the Same pèriod of tim¢ since their last appointment or rsappointrnent those directors shall agrea amongst themselves which Ireclors shall retire, or in th8 avènt that agreement cannot be reached. th$ decision shall be mad8 by lot Th• tirement takes eff¢t at the ¢onclu510n ol the n7eeting. unless the director 15 reappointed. 11 the tIrement of 8 director causes th• numbèr of dir¢tor5 to fall below thr•è. th•n th retirtng director shall rtmain in office unlil a new appointment 1$ made None of th8 Irusl¢e$ has any benefKial Int•rest in thè ¢omp•ny All of the trustees ar• m8mb•r$ ¢f th ¢ompany and guarant*& lo contribute £1 in th8 evènt of • winding up Thet steas, rèport was approv¢d by the Board of Trust8•s. J Dargan Mrs Trustee gan Tru ovember 2024
LONG EATON UNITED FOOTBALL CLUB LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONG EATON UNITED FOOTBALL CLU8 LIMITED I report to the trustee5 on my examin3b.on of the financial statents of Long Eatgn United Football Club Limited (the charity) for the year ended 31 May 2024 Responsibillttts and basis of r•port As the trustees ol the charity land also rt$ directors for thè purp¢)5es of company lèwl you are responsible for the preparation of the financial statements in accordanc¢ wrth the requirements of the Companies Act 2006 Ithè 2006 Acti. Having satisfied mysem that the financial statamènts ol the charity arè not required to be audrted under Part 16 of the 2006 Aet and are eligible lor Independent examination. I report In respèct of my examination of the charity's financial statements carried out Under secb'on 145 of Ihe CharrtS Aet 2011 (the 2011 Act) In carrying out my èxamination I hav¢ foll¢>wed all the applicable DirectK)ns gwen by the Charrty Commission under $è¢lion 14515Xbl of tho 2011 Act Indep•nd¢nt examlner'8 Statsmtnt Sinee tht Chanty's gress In¢ome exceeded £250.000 your examiner must be a rnembèr of 8 body listed in section 145 01 thè 2011 Act. I confimi that l am qualified to undrtake the examinatson because l am a momber of FCCA whieh Is one ol the list4 bod•e5. I hav completed my èxamination. I confirm th41 matters hav• ¢ome to my att•ntion In ¢onnection with th• xamination giving m$ cause to believ• that In any material resp¥¢t accounting records were not kèpt In respect ol the eh4irty a5 requirod by $•¢tion 386 of tho 20C6 Ad". or the financial stat*menls do not accord wrth those records. or the financial slalements do not eomply wth the accounting requirements of Section 396 01 th8 2006 Act oth•r than any requirement that the accounts grve o true and fair YW which not a mattar ¢¢nsider8d as part ol an independènt ¥xamination, or the financial statements have not been prepared In accordance wrth thè methods and principles of the Statèment of Recommènded Practice lor aceounting and reporting by charth'6s applicable to charrtiè$ prepanng thoir gccounls In 8ccordan¢• wth the Financial Rèporting Standard appli¢able in th8 UK and Republic ol Ir$land IFRS 1021 I have no concerns and ttave come acioss no other matters In connection wrth the examination to which attention should be drawn in this report in order to enabl¢ a Pfoper understanding of the financial statgments to be r•a¢hed. Shaun Bryan Carpénter FCCA Azet5 2 Regan Way Chetwynd Busine55 Park Chilwell Nottingham NG9 6RZ United Kingdom D8ted'. 28 November 2024
LONG EATON UNITED FOOTBALL CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY2024 Unrestrletèd Unr¢strlcted funds funds 2024 2023 Notes Donations and legacies Charrtable activities Investments Other incorne 56,926 273,376 516 54,453 50.000 224, 179 179 33,616 Total In¢ome 385.271 307.974 Charitablè activities 308.260 223.652 Net Income for the y•arl Net movem•nt In fund¥ 77.011 84.322 Fund balances al 1 June 2023 795,772 711.450 Fund balances at 31 May 2024 872,783 795.772 The statement of fin4n¢i¥l aclmlies includes all gains and lo$$es rè¢ognised in th• yaar. All incomè and èxp&ndilurtr defwe from continuing 8etwib"o$. The 3t8ternent of financial activrti•s also compl$ wr¢h the r•quir•m•nts for •n incoffje and expenditur8 8eeounl under the Compani8sAct 2006.
LONG EATON UNITED FOOTBALL CLUB LIMITED BALANCE SHEET ASAf31 MAY2024 2024 2023 Notes Flxed a¥¥et¥ Tangible èssets Invtsstment5 11 12 1.494.094 1,454,196 1.494,095 1,454,197 Curiènt a•$ets Debtors Cash at bank and in hand 13 14 670 127,859 5,000 133,663 142.529 138,663 Credltor8'. amounts falling due withln on• y•ar 15 124.0381 140.8621 N•t currènt 0¥setg 118.491 97.801 Total a8set• l•s• curr•nt Il•bllltle• 1.612.586 1,551.998 CTedltor8: amounts falllng due •fter more than on• y•ar 18 1739.8031 1756,2261 Net a••et• 872,783 79S,772 Income fund¥ Unrestrictgd funds - general 872,783 795.772 872.783 795,772 The ¢ompany 15 entitled to th6 •x•mption from the audrt requirèmènt contsined in sectK)n 477 of the Companies Act 2006, lor the year endèd 31 May 2024. The directors acknowledg6 thèir rt$ponsibilrties lor complyin9 Wrth the requirements ol the Companies Act 2006 with respect to accounting records and the preparatson ol financial statements. The members have not required the company to obtain an audrt ot rts finan¢ial statements for Ihe year in question In a¢¢ordance wrth section 478. These financial statements have been preparèd in accordance with tho pmw$i¢ns applicabl8 to companiès $ubject to the small companies regime. The inancial statèmènts were approved by thè Trustèè$ on 28 November 2024 Mr. Tr N J Oarg8n tee Mr5 Trustee pany registration number 10227749
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Ac¢ountln9 policie$ Charity information Long Eaton United Football Club Limrtèd is a prNate company limited by guaranteè incorporated in Engl8nd and wa$. The registered off6 1$ 1 Long Lane, Attenborou9h, Nottingham. NG9 6BG, United Kin9dorn 1.1 Accountlng ¢onYention The financial statements have bèèn prepared in accordanctr with the charrty$ governing documanl, the Companitrs Act 2006. FRS 102 'The Financkal Rèporting Standard applicable in the UK and Republic ol Iraland" I'FRS 102.1 and the Charikn'es SORP "Accounting and Reporting by Chanthts Statement ol Recommended Pracbce applicabl& to charr(5 preparing thèir accounts in aceordance wf(h the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The charity is a Public B•n8frt Enlty as deffned by FRS 102 The charity has tsken advantag8 of the provisions in th• SORP for charrth?s not to prepare a Statanenl ol Cash Fbws. Th• fingntial st8tements ar• prèppred in st•ilin9, whjeh i5 the lunctional cungncy of th• charrty. Monetary arnounls in these finan¢io5 stslements are round¢d to the nearest £ The finaneial stslements have bè•n prepared under th• hi$torical cost convanlion. modrfied to In¢lud& the rtrvaluation of fr•ehold properties and to Inelude Investrrnt properties and certain finan¢ial Instrum8nts at lalr value. The prineipal accounting polici¢s adopted are set out btrbw 1.2 Golng concern At the time of approving the financial statements. the trust•ès hav¥ a reasonablè èxp¥¢tstion that th8 chgrrty has adequate rèsource5 to continue in op¥rational existenc• for the foreseeablè future Thus the trL6lees continuè to ad¢pl the going cone•m ba51s of accounting In prep8nng the financial Statements. 1.3 Ch•ritabl• lund$ Unrestricted fund5 are availabl• for usè at the discrethon of the trustees in fvrther8nc8 of thir ¢har((abl8 obieclives. Restricted funds art subject to specifie conditions by ¢Jonors a$ to how they may bè u$¥d. The purposes and uses of the wstricted fLtnds are set out in the notes to the fin•n¢ial statements. Endowment funds art subject to specthe c0ndrtjns by donors Ih¥l the caprtal musl be maintained by the charrty. 1.4 Income Incorre Is recognised when the charity is l•gally 8ntrtled to rt after any perftyrrnance Cond"0n$ have been met. the amounts can be mèasure¢J reliably. and rt Is probable that Jncome will be receivèd Cash donathons are recognised on receipt. Othèr donabons are recognisèd once the charty has been notified of the donation. unless perform8TFce condrtK)ns require deferral of the amount. Income tax recoverablè In relation to donation5 received under Gft or deeds of covènant 15 recognised at the time ol the donation. Legacies arè CognIsed on receipt or othewise If the chanty has been notthed of an impending dstribution, the amount 15 known. and receipt is expected. 11 the amount Is not known, the legaey Is treated as ¢ontingent asset.
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Accounting polr¢ie$ Icontlnuedl 1.5 Expendlturn Expenditure Is reco9nised once th¥e is a legal or constructive obligatityn to transfer economic benÈfrt to a third party. rt Is probable that a transfer ol economic benefits will be rèquired in settlèment. and the amount ol thè obli9ation can be measured relblY Expenditurè 13 cla5srfied by activrty. Thè costs ol each gctivrty are made up ol thè iotal ol dIrt C05ts and shared costs, including support costs Involved in undèrtakin9 each a¢twity Direct costs attributable lo a single activrty are allts¢ate¢Y directly to that actwity Shared costs which contribute to more than oné activrty and support costs which are not attributsble to a singlè actwty are apportionèd beNv9en those activrties on a basis consistent with the use Of resources Central stsff eosts ar& alloeateij on the basis of lime spent. and depr&ciation ¢harg8s are allocated on the portyon of the asset's us&. Exp8nditur8 on Chantab activrtiès Includès staff costs. depreciabon ol the football clubs assets, premises expenses ènd other activrties undertaken to further the purposes of the chorrty and their associated 5UPPOrt ¢ost5. Support cost$ ar8 trsose functions that assisl th8 work ol the football ¢lub but do not direcly undertake chgrrtable 8ctiwtls Support costs include the football clubs office. finance. and 9overnante costs which support the foothall clubs delNÈry ol the pronliOn ol communrty participation in football. These costs hav been allocatèd to expendrture on ch8rrtablè actwitiès Th bases on whieh suppgrt and governance eosls havo been allocat•¢J are s•1 out in note 9. 1.6 Tangible flx•d a•8•t$ Tangibl¢ fixed assets are inrtially measured at cost and subsequently mèasured al cost or valuation, nel ol deprèciation and any Impairment losses DapreciAtlon1g reeognised $0 as to vrfit• off tha ¢ost or v4luation of 8ss•ts less thoir resldual values over their useful liv•s on th¢ followng basès". Leas$hold land and buildings Plant and equipment Fixturè5 and fitting5 ComputeF5 Motor vehicl&s S% Straight line 6 67% Straight Line 15% Straight line 25% Straight lnè 25% Redueing balance The gain tsi loss ari$ing on Ihe disposal ol on assèt o d•t•rmined as th8 differen¢e behveen the sale procèeds and thè ¢arryin9 value of the asset. and 1$ recognised in the statement of linaneial actNities 1.7 Flxed asset InVtm•n1$ Frxed asset investments are Initi8lW nasurèd al transaction price excludjng transaction ¢osts. ènd ar subsequently measured at fair value at èach rèporting dale Changas in fair value 8re rectsgnised in net in¢omellèxpenditurel for the year. Transaets"on costs a expensed as Tncurred. A subsidiary Is an tnth'ty controllèd by th6 charty. Control is the power to gov&m the financial and oparating polici8s of the enbty so as to obtain ben•rrt5 from rts actNrties. 1.8 Impairment of fixed assets At each reporting end date. the charty rewews the carrying amounts of rts tsngible assets to determine whether there Is any Indication that those assets have suffere¢J an Impairment loss If any such indLalion exists, the recoverable amount ol the asset is èstimated in order to dèterminè the èxtent of the impèimient loss (if any).
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Accountlng policies Icontinuedl 1.9 Ca$h and cash 8qulvalents Cash and cash equivalents Include cash in hand. deposits held at call wrth banks. othr short-lefm liquid investments with tsrigina maturities ol three months or less. and benk overdrafts Bank overdrafts are shown wrthin borrtswing5 in current liabilrti?$. 1.10 FSnanclal In$trument8 The charrty has elected to apply tht provisKJns ol Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issuos, of FRS 102 to all of rts financial Instruments Flnancial instrum¢nts are recognised in the charitys balancè Sheet when thè eh•fty becomes paty lo the contractual prowsion5 01 th8 instnjmont Financial assèts and Iiabilrts are offset, wth the net amounts pr95ented in thè financ1 5tatsments, when there is a le9ally ?nlorceable right to $Ot off the recognisèd amounts and ther• is •n intention to s•ttl• on a net b8515 or lo alls& the a55el and settl• thè liability 5irnultan•ously. Basie fln•nel81 •389ts Basic financial assets, which in¢lude debtors and cash and bank balan¢s. •Te inrtially mea$ur•d at transaction price including transaction costs and are subsequently carried at anx)rttsèd ¢tssl using the effective Interest mathod unless the arrangennt constitules a fin8ncing transaction. where the transaction 16 measured at the present value of the future receipts dis¢ounted at a market rele of int•r•st Financial assets clo$$ilied as receivable within one year ar• nol amort15ed. Basic flnanel41 Il¥biliti•s Basic financial liabilities, Includin9 erèditgrs and bank loan5 are inrtially rte¢gnis¢d at transaction pricg unless th8 arrangement constrtutes a financing transaction, where the debt Instrument is measured al the present value ol the f¢Jture payments discountèd at a market rate of interést Ftnancial Iwbililies ¢las$llied as payabl• within one year arè ntsl afnortised Debt Instruments are subs•quenYy carried at amorti$od cost. using the •ffeCe int6rest rat& method. Trade creditors ar8 obligatsons to pay for goods or seryices thai have been acquired In the ordinary course of operations from suppliers. Arnunts payable are classified as current Iiabilibes If payment Is due within one y&8r or 19s5. If not, they arè pFesenled as non4urFenl ljabilthes Ti8de credrtors aro rècognjsed inrtially at transaction price and subsèquently rneasured * amtsrtised cost using Ihe effectNe Interèst method D•r¢¢ognlllon of flnanel•l Ilabillfles Financial 118bilrties are derecognised when the charty'$ ¢ont¥actual obli9aborts expire or ara dl$¢harged or caneèll?d. 1.11 Employtè benefits The cost ol any unused hOlaY entrtlèmenl is recognis•d in the period in which the employee's sèrvi¢es are receivèd Temination benefits ar• recognLsed inwnedrdtely as an expense when the charity is d¢m(>nslrably committe to terminatfr thè èmployn*nt ol an employ¢e or lo prowde temsnation benefits.
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 Donations and legacies Unre8trleted Unre8trleted funds funds general general 2024 2023 DonalioTrs and gifts 56,926 50,000 Ch*rltabl• actlvltl•• Promotion Promotlon of ¢ommunlty community p•rtkipationpartielpation In football in football 2024 2023 Membership subscriptions Grant Incom¥ Prtch and actNily hire 724 861 43,405 105,110 108,052 50,915 65.212 273,378 224, 179 Inve6tm•nt¥ Unr•strlcted Unrè¥trlct•d lund funds general general 2024 2023 Interest receivoble 518 179 Other income Unrestrlcted Unre$tried funds fund$ g•neral general 2024 2023 Other in¢ome 54.453 33,616
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 CharOtJble a¢tivitie8 Promotion of communlty participation in football 2024 2023 Staff costs Dopreciation and impairm•nl Premises expens•$ 54,437 83.581 112,947 30,358 B6.301 71,321 250,985 187,978 Share of support costs (see note 71 Share of govèrnanc8 costs Isee note 71 31,136 26.159 25.479 10.195 308,280 223.652 Support CO8t• Support Governan¢e costs 2024 Support Gov•rnan¢e 8t8 costs 2023 Computer running cost Motor running expenses Postage, ctsur1er and elivery charges Bank charges Insur8nces Advertising Telecommuniealions Sundry expen$e$ 3,245 6.694 3,245 6.894 479 8.492 479 8.492 30 154 6,489 1.395 1,744 11.385 30 154 6.489 1,395 1,744 11.385 31 150 3,195 1,491 1.141 10,500 31 150 3.195 1,491 1.141 10.500 Lèg81 and professh)nal Accountancy 18,742 7.417 18.742 7.417 8,242 1,953 8,242 1.953 31.136 26.159 57,295 25,479 10.19S 35,674 Analysèd betsve•n Chantable 8ctwit*s 31.136 26.159 57.295 25.479 10,195 3S,674 Trustee• None of the trustees lor any persons connected wrth them) receed any remunèration or benefrts from the charrty during the year. 10-
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 Employees The averag• monthly nurnber of 6mployee5 dunng the year was.. 2024 Number 2023 Number Employmènt co•t¥ 2024 2023 Wages and sabri95 54.437 30.356 There were no &mployees whose annual remuneration was more than £60.000. 10 Taxatlon The charrty 1$ exempt from tax on income and 9ains falling vthin séction 505 01 the Taxt5 Act 1988 or sèction 252 of the Taxation ol chargeab Gains Act 1992 to the extant Ihal these are applied to its charitable oblecl$.
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY2024 12 Fixed assèt investments Othèr Investments Cost or valuatlon At 1 June 2023 & 31 May 2024 Carrylng amount At 31 May 2024 At 31 May 2023 Other investments compris•". 2024 2023 Not•* Investments In Subsidiaries 19 13 O•btor• Amounts falllng due wtthln on• ye•r: 2024 2023 Amounts owed by fellow group undertakings Olh•r debtors 7.170 7.500 5,000 14,670 5.000 14 Loans and overdr•ft• 2024 2023 Directors. loans 21.943 49.708 Payable wrthin one yeai 21.943 49.708 The long-term loans ar¢ provi¢Jed by the dirèctois and are not secured. 13-
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 15 Creditors.. amounts falling due within onè yèa 2024 2023 Borrowings Other takation and socydl security Accruals and deferred incom8 21.943 11051 2,200 49.708 19.8461 1.000 24,038 40,862 16 Creditor•: amounts f¥lllng due aft•r morn than one year 2024 2023 Grants 17 739.803 756,226 17 Grant• Oelerred incom 1$ included in th• financial statements as l¢ll¢)w5". 2024 2023 D•l¥rrgd incom 18 Inclu¢J¢J thin.. Non-currnl liabilrties 739,803 756,226 Movements In the ye8f'. D6lerrèd Income at 1 JuThè 2023 Released from previous periods Resources delerrod In the year 756,226 139,2821 22,859 759.808 141.0821 37.500 Deferred income at 31 May 2024 739.803 756.226 18 Related party tran8actlon Transactlon8 wlth related partb•8 During the year thts charity erTrlered into th• following transactKJns wth related parties." During the cours8 of the current financial yèar the club recewed voluntary support from èrnployees ol Long Eaton United c0mYn1ty Football Club to deliver the club's holiday programmè They also assisted wrth managing the facilitses on behalf ol subscnption paying teams. 14-
LONG EATON UNITED FOOTBALL CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2024 19 Subgidiarles These financial stslements are separate charity financial $tatement5 for Long Eaton Unrted Football Club Limrted. Details ol thè charrty's subsidianes at 31 May 2024 are as follows". Name of undertaking Regi8t•r•d offic• Nature ol buslnèss Class of •hare8 h•ld % Held Dlrect Indirect Long Eaton Unrt¢d Football England and Trading Limrtod Walès Management of 1st Team and Ordinary Bar Shar*$ 10000