REGISTERED COMPANY NUMBER: CE021127 (England and Wales) REGISTERED CHARITY NUMBER: 1188551
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2021
for
Bealonians Football Club
Bealonians Football Club
Contents of the Financial Statements for the Year Ended 30 April 2021
| 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 8 |
| Detailed Statement of Financial Activities | 9 to 10 |
Bealonians Football Club
Report of the Trustees
for the Year Ended 30 April 2021
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 30 April 2021. 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
CE021127 (England and Wales)
Registered Charity number
1188551
Registered office
Jack Carter Pavilion Oakfield Playing Fields Fairlop Fencepiece Rd Ilford Essex IG6 2JL
Trustees
Mr A K MacRae Trustee Mr T J Barlow Trustee Mr W Blackwell Trustee Mr G Shepherd Trustee Mr G Lazarus Trustee Mr P Machin Trustee Mr N Hurst Trustee Ms E M Newell (appointed 15.6.20) Mr J Hall (appointed 15.6.20) Ms C L Pender (appointed 15.6.20) Mr S Kalha (appointed 15.6.20) Mr S Bithal (appointed 15.6.20)
Independent Examiner
Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr A K MacRae - Trustee
Page 1
Independent Examiner's Report to the Trustees of Bealonians Football Club
Independent examiner's report to the trustees of Bealonians Football Club ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2021.
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
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.
Lorraine Curtis ACA BFP FCCA Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY
Date: .............................................
Page 2
Bealonians Football Club
Statement of Financial Activities
for the Year Ended 30 April 2021
| 30.4.21 | 30.4.20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | £ | £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||||
| Donations and legacies | 117,826 | - | 117,826 | 108,016 | |||
| Other trading activities | 2 | 29,079 | - | 29,079 | - | ||
| Investment income | 3 | 37 | - | 37 | 93 | ||
| Total | 146,942 | - | 146,942 | 108,109 | |||
| EXPENDITURE ON | |||||||
| Other | 113,211 | 11,489 | 124,700 | 88,746 | |||
| NET INCOME/(EXPENDITURE) | 33,731 | (11,489) | 22,242 | 19,363 | |||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 49,334 | 35,625 | 84,959 | 70,834 | |||
| TOTAL FUNDS CARRIED FORWARD | 83,065 | 24,136 | 107,201 | 90,197 | |||
| Surplus and Deficit Account 968 | |||||||
| Posting discrepancies were found in the reserve accounts | listed below. This is because | the brought forward postings | |||||
| the current year are not equal to the figures carried forward by IRIS | at the end of last | year. Please check your postin | |||||
| in the brought forward account for the surplus and deficit | account 968. | ||||||
| Brought forward - 968/1 | Unrestricted funds £ 49,334 |
Restricted funds £ 35,625 |
Total funds £ 84,959 |
||||
| Carried forward | 49,572 | 40,625 | 90,197 | ||||
| Difference | 238 | 5,000 | 5,238 |
Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.
Post to relevant accounts (see ICHA chart of accounts for further details)
The notes form part of these financial statements
Page 3
Bealonians Football Club
Balance Sheet
30 April 2021
| Unrestricted fund Notes £ CURRENT ASSETS Stocks 7 5,600 Debtors 8 26,590 Cash at bank and in hand 65,945 98,135 CREDITORS Amounts falling due within one year 9 (15,070) NET CURRENT ASSETS 83,065 TOTAL ASSETS LESS CURRENT LIABILITIES 83,065 NET ASSETS 83,065 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 24,136 24,136 - 24,136 24,136 24,136 |
30.4.21 Total funds £ 5,600 26,590 90,081 122,271 (15,070) 107,201 107,201 107,201 83,065 24,136 107,201 |
30.4.20 Total funds £ 100 8,072 89,338 97,510 (7,313) 90,197 90,197 90,197 49,572 40,625 90,197 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 ............................................. and were signed on its behalf by:
............................................. Mr A K MacRae - Trustee
The notes form part of these financial statements
Page 4
Bealonians Football Club
Notes to the Financial Statements
for the Year Ended 30 April 2021
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.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Grants
Income received as grants represents income received during the COVID-19 pandemic in the form of Government and Local Authority grants.
continued...
Page 5
Bealonians Football Club
Notes to the Financial Statements - continued
for the Year Ended 30 April 2021
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 30.4.21 | 30.4.20 | ||
| £ | £ | ||
| Grants | 29,079 | - | |
| 3. | INVESTMENT INCOME | ||
| Deposit account interest | 30.4.21 £ 37 |
30.4.20 £ 93 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2021 nor for the year ended 30 April 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Trustees | 30.4.21 12 |
30.4.20 7 |
|
|---|---|---|---|
| No employees received emoluments in excess of £60,000. | |||
| 7. | STOCKS | ||
| Stocks | 30.4.21 £ 5,600 |
30.4.20 £ 100 |
|
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Trade debtors | 30.4.21 £ 9,335 |
30.4.20 £ 4,067 |
|
| Other debtors | 2,755 | 2,755 | |
| Oakfield pavilion | 14,500 | - | |
| Jack Petchey | - | 1,250 | |
| 26,590 | 8,072 |
continued...
Page 6
Bealonians Football Club
Notes to the Financial Statements - continued
for the Year Ended 30 April 2021
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Jack Petchey Other creditors Accruals and deferred income 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS |
30.4.21 30.4.20 £ £ 4,826 - 1,500 - 7,494 7,313 1,250 - 15,070 7,313 Net movement At At 1.5.20 in funds 30.4.21 £ £ £ 49,334 33,731 83,065 35,625 (11,489) 24,136 84,959 22,242 107,201 Incoming Resources Movement resources expended in funds £ £ £ 146,942 (113,211) 33,731 - (11,489) (11,489) 146,942 (124,700) 22,242 |
|---|---|
continued...
Page 7
Bealonians Football Club
Notes to the Financial Statements - continued for the Year Ended 30 April 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS Comparative net movement in funds, included in the above are as Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS |
Net movement At At 1.5.19 in funds 30.4.20 £ £ £ 20,834 28,738 49,572 50,000 (9,375) 40,625 70,834 19,363 90,197 follows: Incoming Resources Movement resources expended in funds £ £ £ 108,109 (79,371) 28,738 - (9,375) (9,375) 108,109 (88,746) 19,363 |
|---|---|
The restricted fund represents the money set aside for the development of the club.
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2021.
Page 8
Bealonians Football Club
Detailed Statement of Financial Activities for the Year Ended 30 April 2021
| Detailed Statement of Financial Activities for the Year Ended 30 April 2021 |
||
|---|---|---|
| 30.4.21 | 30.4.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Membership Fees | 83,261 | 99,490 |
| Jack Petchey and Grants | 9,870 | 4,000 |
| Charity Donations | 16,087 | 303 |
| Events | 1,317 | 13 |
| Fines | 635 | 781 |
| Merchandise | 1,089 | 1,170 |
| Prize Draw | - | 860 |
| Pitch hire | 5,567 | - |
| Prior year | - | 1,399 |
| Other trading activities | 117,826 | 108,016 |
| Grants | 29,079 | - |
| Investment income | ||
| Deposit account interest | 37 | 93 |
| Total incoming resources | 146,942 | 108,109 |
| EXPENDITURE | ||
| Other | ||
| Rent and rates | - | 13,786 |
| RSL pitches | 13,784 | 2,028 |
| Training | 945 | 20,855 |
| Ref fees | 5,795 | 6,170 |
| Kit and Equipment | 6,107 | 7,208 |
| Trophies | - | 1,750 |
| Transport | 2,732 | 2,700 |
| Jack Petchey | - | 1,250 |
| 29,363 | 55,747 | |
| Support costs | ||
| Management | ||
| Groundskeeping | 31,752 | - |
| Affiliations | 2,132 | 2,889 |
| Sundries | 598 | 678 |
| Website | - | 600 |
| Sky | - | 2,494 |
| Membership refunds | 14,747 | 2,192 |
| Licences and insurance | 3,957 | 725 |
| Carried forward | 53,186 | 9,578 |
This page does not form part of the statutory financial statements
Page 9
Bealonians Football Club
Detailed Statement of Financial Activities
for the Year Ended 30 April 2021
| Detailed Statement of Financial Activities for the Year Ended 30 April 2021 |
||
|---|---|---|
| 30.4.21 | 30.4.20 | |
| £ | £ | |
| Management | ||
| Brought forward | 53,186 | 9,578 |
| Training courses | - | 1,810 |
| Security | 1,484 | - |
| Volunteer reward | 27 | 1,130 |
| Cleaning and laundry | 4,487 | 3,290 |
| Catering | 40 | 3,705 |
| Fines | 768 | 1,337 |
| Finance | 59,992 | 20,850 |
| Waste removal | 3,880 | - |
| Postage and stationery | 107 | - |
| Grants | 9,870 | - |
| Seed funding | (3,000) | - |
| Information technology | 10,857 | - |
| Repairs and renewals | 10,155 | - |
| Other | ||
| Accountancy | 1,690 | 2,700 |
| Credit card charges | 17 | 24 |
| Donations | 82 | 50 |
| Other 2 | 1,789 | 2,774 |
| Advertising | 1,055 | - |
| Governance costs | ||
| Capital project expenditure | 11,489 | 9,375 |
| Total resources expended | 124,700 | 88,746 |
| Net income | 22,242 | 19,363 |
This page does not form part of the statutory financial statements
Page 10