DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Legal and administrative information
For the year ended 31 October 2020 Company number CE019246 Charity number 1185888 Registered office address 410 Davina House 137-149 Goswell Road London,EC1V 7ET Operational address Childs Hill Park Granville Road London, NW2 2AL Secretary Sead Haxhijaha Trustees Trustees, who are also Directors under Company Law, who served during the year and up to the date of this report were: Fatos Berisha (Chair) Sead Haxhijaha (Secretary) Driton Koshutova Donika Mustafa Hekuran Vokshi Arben Hyseni Bankers Natwest Bank Address: Swiss Cottage 106 Finchley Road London NW3 5JN Accountants Solid Ltd 410 Davina House 137-149 Goswell Road London EC1V 7ET
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Report of the trustees
For the year ended 31 October 2020
The Trustees present their report and the financial statements for the year ended 31 October 2020. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association
and the Statement of Recommended Practice (SORP) - Accounting and Reporting by Charities (issued in March 2005).
Structure and governance
Eagles United Football Club is an incorporated club and registered as a charity on 21 October 2019. The serving trustees agree to contribute an amount not exceeding £10 in the event of the club being dissolved while he or she is a member, or within twelve months after he or she ceases to be a member.
Management and control
The organisational structure places overall responsibility of the charity upon the Board which delegates decision making responsibilities for day to day management to the club secretary and chairman, Arben Hyseni.
Aims and Objectives
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•The purpose of the charity remains the advancement the sport and social education of children and young people living in the London boroughs of Barnet, Enfield, Haringey and Islington, by the provision of training and facilities for playing football.
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•Ultimately, Eagles United’s vision is to become THE grassroots football club of choice for children in our community.
ACHIEVEMENT AND PERFORMANCE:
Commendable sporting achievement with our young team(s) reaching local/regional cup final Renovation of changing room facilities
Continued management and Overhaul of coaching resources’ Introduction of modern governance and
FUTURE PLANS:
Work towards the upgrading of existing sporting facilities
Modernise player/parent/coach onboarding and our web and social media presence Maximise charity’s fundraising and sponsorship revenues
Challenges:
Covid 19 has been the main challenge during the year, where the club had to offer discounts, offer various compliments and experience a lot of cancellations, hence drop in revenue than anticipated.
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Financial Review
Result for the year: Total income for the year was £21,075 (2019;0.00) which was mainly from individual donations and voluntary income without which the Eagles United Football Club would not have generated the current range and volume of football training and coaching activities.
During the year total expenditure was £23,138 (2019: £0.00).
During the year Eagles United made a nett deficit of £2,063 (2019: £0.00).
Investment Powers
Eagles United Footbal Club has no investment assets and its cash funds are held in a Natwest Bank current account.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The organisation has in place a risk assessment policy, whistle blowing policy and anti-fraud, and theft and corruption policy. We also ensure that all independent examination reports are placed before the Board of Trustees for their perusal.
Statement of Responsibilities of the Trustees
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006.The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detection of fraud and their irregularities.
This report has been prepared in accordance with special provisions of the Companies Act 2006 relating to small companies. On behalf of the board of Trustees:
............................................... 02-07-2021 | 6:34 AM PDT Fatos Berisha – Chair Date ..............
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Independent Examiners' report
To the members of
Eagles United Football Club
I report on the accounts for the year ended 31 October 2020.
Responsibilities of the Directors for the preparation of accounts
The charity’s Trustees (who are also the Directors of the Company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").
The Trustees consider that an audit is not required for this year under Section 144 of the Act and that an independent examination is needed.The Charity`s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Chartered Institute of Management Accountants (CIMA).
It is my responsibility to :
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Examine the accounnts under section 145 of the Charities Act
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to follow the applicable Directions given by the Charity Commission (under section 145(5)b of the
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Act, and
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to state whether particular matters have come to my attention
Basis of Independent Examiner`s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concernng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
Independent Examiner`s Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not comply with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
| Signed : Name Professional Qualification Address |
Date | Date |
|---|---|---|
| Mathews Chanza | ||
| Associate Chartered Management Accountant(ACMA) | ||
| Solid Ltd,Davina House,137-149 Goswell Road,London,EC1V 7ET |
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Statement of financial activities (incorporating an income and expenditure account)
For the year ended 31 October 2020
| Note Incoming resources 2 3 Other incoming resources 4 Total incoming resources Resources expended Charitable activities Youth Football Training Youth Coaching and Mentoring Management, Fundraising & Operations costs Governance Total resources expended 5 Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward Voluntary Income Incoming resources generated from grants |
Restricted £ - - - - 0 0 - - - - - |
Unrestricted £ 15,360 5,140 575 21,075 15,868 2,003 3,569 1,697 23,138 (2,063) 20,622 18,559 |
2,020 Total £ 15,360 5,140 575 21,075 15,868 2,003 3,569 1,697 23,138 -2,063 20,622 18,559 |
2,019 Total £ 0 0 0 |
|---|---|---|---|---|
| 0 | ||||
| 0 0 0 0 |
||||
| 0 | ||||
| 0 20,622 |
||||
| 20,622 |
All the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 10 to the financial statements.
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Balance sheet
As at 31 October 2020
| Note £ Fixed assets 335 Current assets Debtors 7 5,142 Cash at bank and in hand 20,922 26,064 Liabilities Creditors: amounts due within one year 8 -7,840 Net current assets Net assets 9 Funds 10 Restricted funds Unrestricted funds Total charity funds |
2020 £ 18,559 18,559 0 18,559 18,559 |
2019 £ - 20,622 |
|---|---|---|
| 20,622 - |
||
| 20,622 | ||
| 20,622 | ||
| - 20,622 |
||
| 20,622 |
For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The accounts were approved by the Board of Trustees and were signed on its behalf by:
............................................ Fatos Berisha – Chair Date:
02-07-2021 | 6:34 AM PDT
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Notes to the financial statements
For the year ended 31 October 2020
1. Accounting policies Income
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a) The accounts have been prepared under the historical cost convention, with items recognised at cost or transaction value unless stated in the relevant note(s) to these accounts.The accounts have been prepared in accordance with the Statement of Recommended Practice :Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
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b) All incoming resources are included on the Statement of Financial Activities (SoFA) when ;
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the charity becomes entitled to the resources;
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it is more likely than not that the trustees will receive the resources; and
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the monetary value can be measured with sufficient reliability.
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c) Grants and donations are only included in SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS SORP)
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e) In the case of performnce related grants, income is only recognised to the extent that the Charity has provided the specified goods or services as entitelement to the grant only occurs when the performance related contitions are met (5.16 FRS 102 SORP)
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f) The Charity has received no Government grants in the reporting period
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g) Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or yerms of the appeal have specified otherwise.
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h) Contractual income and performabnce related grants are only included in SoFA once the charity has provided the relaated good or services or met performance related conditions.
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i) Donated services and facilities are included in SoFA when received at the value of the gift to the charity provided the value of the gift can be neasured.
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j) Donated services and facilities that are consumed immediately are recognised as income with an equivalent with an equivalent amount recognised an an expense under the appropriate heading in SoFA.
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k) The Charity has incurred expenditure on support costs.
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l) Income from interest is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Expenditure and liabilities
- m) Resources expended, which include irrecoverable VAT, are recognised in the period in which they are incurred unless they relate to future events in which case they are shown as deferred expenditure on the balance sheet at year end
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Notes to the financial statements
For the year ended 31 October 2020
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n) Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainity.
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o) Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity costs categories on a basis consistent with the use of resources.
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p) The charity made no redundancy payments dueing the reporting period.
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q) The charity is exempt from corporation tax on its charitable activities.
2.
3.
4.
Voluntary income
| Restricted Funds 2020 £ Training Fees Player Registration Total - List of donations Restricted Funds £ Fetos Berisha Solid Ltd Other donations - Other Incoming resources Restricted Funds £ Interest received EUFC Kit - Total other incoming resources - Other Income Total grants received Amazon Smile |
Unrestricted Funds 2020 £ 12,256 3,104 |
|---|---|
| 15,360 | |
| Unrestricted Funds £ 3,937 7 1,196 0 |
|
| 5,140 | |
| Unrestricted Funds £ - 575 |
|
| 575 |
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Notes to the financial statements
For the year ended 31 October 2020
| 5. (continued) Staff costs and numbers 2020 £ Salaries and wages 5,009 Employer's NI 38 Total emoluments paid to staff were: 5,047 No employee earned more than £60,000 during the year. The average monthly number of employees during the year was: 2020 Head Coach 1 Number of full-time staff 1.0 6. Taxation 7. Debtors 2020 Other debtors 2,420 Prepayment 2,722 Accrued Income - Total 5,142 8. Creditors: amounts due within one year 2020 Accruals/trade creditors 1,118 Deferred income - Training Fees 2,424 Deferred income - Player Registration 2,976 Payee Control 228 Net Wages 1,095 Total 7,840 9. Analysis of net assets between funds Restricted funds £ £ Fixed Assets - 335 Net current assets - 26,064 Creditors: amounts falling due 1 year - (2,440) Creditors: deferred Income - (5,400) Net assets at the end of the year - 18,559 Unrestricted funds No provision has been made for corporation tax in view of the company`s charitable status |
2019 £ - - |
|---|---|
| - | |
| 2019 - |
|
| 0.0 | |
| 2019 - - |
|
| - | |
| 2019 - - - - - |
|
| - | |
| Total funds £ 335 26,064 (2,440) (5,400) |
|
| 18,559 |
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Notes to the financial statements
For the year ended 31 October 2020
5. Total resources expended
| Total resources expended | ||||||
|---|---|---|---|---|---|---|
| Restricted Expenditure(R.E) Unrestricted Expenditure(U.E) |
2020 | 2019 | ||||
| Youth Football Youth Coaching |
Total(R.E) | Youth Football Youth Coaching Management , Fundraising & Operations **Governance ** |
Total(U.E) | Total Expenditure |
Total Expenditure |
|
| Bank charges League Affiliations Referee Fees Home Pitch hire Hire of Winter training facilities Purchase of Playing kit Playing Equipment/Match balls Postage Subscription Volunteer Expenses Accountancy fees IT, Telephones & Website Cleaning and Laundry Office supplies/Utilities Staff costs Training and Welfare Office Repairs and Maintenance Pitch maintenance First Aid Bad Debt Written off Marketingcost |
- - - - - - - - - - - - - - - - - - - |
12 679 1,161 1,775 829 598 - 77 8 8,570 1,196 195 - 260 2,003 2,003 501 501 103 2,390 81 74 85 36 |
12 679 1,161 1,775 829 598 77 - 8 8,570 1,196 - 195 260 5,009 103 2,390 81 74 85 36 |
12 679 1,161 1,775 829 598 77 - 8 8,570 1,196 - 195 260 5,009 103 2,390 81 74 85 36 |
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| TOTAL | - - | - | 15,868 2,003 3,569 1,697 | 23,138 | 23,138 | 0 |
Unrestriced Staff costs are allocated according to an estimate of staff time attributed to each activity, breakdown as shown below: Football Training (40%), Football Coaching (40 %), Management, Fundraising & Operations costs (10%), Governance (10%).
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DocuSign Envelope ID: 9AA50020-C50E-4822-8022-08AAD6380267
Eagles United Football Club
Notes to the financial statements
For the year ended 31 October 2020
10. Movements in funds There was no restricted funds movement because there was no Restricted Income and Restricted Expenses incurred during the year
| a. Total Restricted Funds b. Unrestricted Funds Restricted Funds recognised and used Other unrestricted funds Total Funds |
Opening Balance Closing Balance £ £ £ £ - - - Incoming resources Outgoing resources |
|---|---|
| - - - - 20,622 21,075 - (23,138) 18,559 20,622 21,075 - (23,138) 18,559 - |
|
| 20,622 - 21,075 (23,138) 18,559 |
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