2023-04-30-accounts - Bealonians Football Club

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

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 2023

for

Bealonians Football Club

Bealonians Football Club

Contents of the Financial Statements
for the Year Ended 30 April 2023

	`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

for the Year Ended 30 April 2023

`Report of the Trustees`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended30April2023.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,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 G Shepherd Trustee
Mr G Lazarus Trustee
Mr P Machin Trustee
Mr N Hurst Trustee
Ms E M Newell
Mr J Hall
Ms C L Pender
Mr S Bithal (resigned 25.1.23)

`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 2023.

`Responsibilities and basis of report`

As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006  Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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

4. 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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lorraine Curtis

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 2023`

`Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `173,029` `Other trading activities` `2` `575` `Investment income` `3` `227` `Total` `173,831` `EXPENDITURE ON` `Raising funds` `4` `66,520` `Other` `96,487` `Total` `163,007` `NET INCOME/(EXPENDITURE)` `10,824` `RECONCILIATION OF FUNDS` `Total funds brought forward` `53,609` `TOTAL FUNDS CARRIED FORWARD` `64,433`	`Restricted` `fund` `£` `288` `-` `-` `288` `-` `-` `-` `288` `39,474` `39,762`	`30.4.23` `Total` `funds` `£` `173,317` `575` `227` `174,119` `66,520` `96,487` `163,007` `11,112` `93,083` `104,195`	`30.4.22` `Total` `funds` `£` `173,916` `14,500` `311`
			`188,727`
			`39,035` `163,810`
			`202,845`
			`(14,118)` `107,201`
			`93,083`

The notes form part of these financial statements

Page 3

Bealonians Football Club

`Balance Sheet`

`30 April 2023`

`Unrestricted` `fund` `Notes` `£` `CURRENT ASSETS` `Debtors` `8` `10,281` `Cash at bank and in hand` `86,910` `97,191` `CREDITORS` `Amounts falling due within one year` `9` `(32,758)` `NET CURRENT ASSETS` `64,433` `TOTAL ASSETS LESS CURRENT LIABILITIES` `64,433` `NET ASSETS` `64,433` `FUNDS` `10` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`Restricted` `fund` `£` `-` `39,762` `39,762` `-` `39,762` `39,762` `39,762`	`30.4.23` `Total` `funds` `£` `10,281` `126,672` `136,953` `(32,758)` `104,195` `104,195` `104,195` `64,433` `39,762` `104,195`	`30.4.22` `Total` `funds` `£` `15,858` `117,911`
			`133,769` `(40,686)`
			`93,083`
			`93,083`
			`93,083`
			`53,609` `39,474`
			`93,083`

The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30 April 2023.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 April 2023 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.

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue 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 2023

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Companies Act 2006. The financial statements have been prepared under the historical cost convention.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

`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.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`Grants`

IncomereceivedasgrantsrepresentsincomereceivedduringtheCOVID-19pandemicintheform of
Government and Local Authority grants.

`2. OTHER TRADING ACTIVITIES`

`OTHER TRADING ACTIVITIES`
	`30.4.23`	`30.4.22`
	`£`	`£`
`Grants`	`-`	`14,500`
`Sponsorships`	`575`	`-`
	`575`	`14,500`

Page 5

Bealonians Football Club

`Notes to the Financial Statements - continued`

for the Year Ended 30 April 2023

`3. INVESTMENT INCOME`

`3.`	`INVESTMENT INCOME`
		`30.4.23`	`30.4.22`
		`£`	`£`
	`Deposit account interest`	`227`	`311`
`4.`	`RAISING FUNDS`
	`Raising donations and legacies`
		`30.4.23`	`30.4.22`
		`£`	`£`
	`Support costs`	`51,390`	`34,185`
`5.`	`NET INCOME/(EXPENDITURE)`
	`Net income/(expenditure) is stated after charging/(crediting):`
		`30.4.23`	`30.4.22`
		`£`	`£`
	`Hire of plant and machinery`	`2,124`	`4,671`
	`Other operating leases`	`75,287`	`64,918`
	`Deficit on disposal of fixed assets`	`19,599`	`16,045`

`6. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30April2023norforthe year
ended 30 April 2022.

`Trustees' expenses`

There were no  trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.

`7. STAFF COSTS`

The average monthly number of employees during the year was as follows:

	`30.4.23`	`30.4.22`
`Trustees`	`10`	`12`

No employees received emoluments in excess of £60,000.

Page 6

Bealonians Football Club

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade 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 30.4.23
30.4.22
£
£
8,132
15,858
2,149
-
10,281
15,858
30.4.23
30.4.22
£
£
4,946
4,554
27,812
36,132
32,758
40,686
Net
movement
At
At 1.5.22
in funds
30.4.23
£
£
£
53,609
10,824
64,433
39,474
288
39,762
93,083
11,112
104,195
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
173,831
(163,007)
10,824
288
-
288
174,119
(163,007)
11,112

Page 7

Bealonians Football Club

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

`10. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

`Unrestricted funds` `General fund` `Restricted funds` `Capital Project` `TOTAL FUNDS`	`Net` `movement` `At 1.5.21` `in funds` `£` `£` `83,065` `(29,456)` `24,136` `15,338` `107,201` `(14,118)`	`At` `30.4.22` `£` `53,609` `39,474`
		`93,083`

Comparative net movement in funds, included in the above are as follows:

`Unrestricted funds` `General fund` `Restricted funds` `Capital Project` `TOTAL FUNDS`	`Incoming` `resources` `£` `119,727` `69,000` `188,727`	`Resources` `Movement` `expended` `in funds` `£` `£` `(149,183)` `(29,456)` `(53,662)` `15,338` `(202,845)` `(14,118)`

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 2023.

Page 8

Bealonians Football Club

Detailed Statement of Financial Activities
for the Year Ended 30 April 2023

`Detailed Statement of Financial Activities` `for the Year Ended 30 April 2023`
	`30.4.23`	`30.4.22`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Membership Fees`	`111,263`	`86,834`
`Jack Petchey and Grants`	`645`	`2,157`
`Charity Donations`	`20,152`	`59,411`
`Events`	`16,642`	`3,685`
`Fines`	`2,554`	`2,106`
`Merchandise`	`1,686`	`2,118`
`Pitch hire`	`20,375`	`17,605`
	`173,317`	`173,916`
`Other trading activities`
`Grants`	`-`	`14,500`
`Sponsorships`	`575`	`-`
	`575`	`14,500`
`Investment income`
`Deposit account interest`	`227`	`311`
`Total incoming resources`	`174,119`	`188,727`
`EXPENDITURE`
`Other trading activities`
`Events`	`15,130`	`-`
`Other`
`Rent and rates`	`901`	`2,727`
`RSL pitches`	`29,207`	`32,437`
`Ref fees`	`11,900`	`11,637`
`Kit and Equipment`	`13,646`	`9,133`
`Trophies`	`1,186`	`456`
`Transport`	`5,665`	`3,550`
	`62,505`	`59,940`
`Support costs`
`Management`
`Groundskeeping`	`46,080`	`32,481`
`Affiliations`	`3,426`	`1,138`
`Sundries`	`1,933`	`870`
`Licences and insurance`	`3,845`	`1,745`
`Training courses`	`3,854`	`2,543`
`Carried forward`	`59,138`	`38,777`

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 2023

`Detailed Statement of Financial Activities` `for the Year Ended 30 April 2023`
	`30.4.23`	`30.4.22`
	`£`	`£`
`Management`
`Brought forward`	`59,138`	`38,777`
`Security`	`-`	`120`
`Volunteer reward`	`1,711`	`1,155`
`Cleaning and laundry`	`4,636`	`11,373`
`Catering`	`2,250`	`3,707`
`Fines`	`2,608`	`2,868`
	`70,343`	`58,000`
`Finance`
`Waste removal`	`1,223`	`1,944`
`Telephone`	`4,429`	`4,253`
	`5,652`	`6,197`
`Information technology`
`Repairs and renewals`	`2,170`	`16,348`
`Other`
`Accountancy`	`1,764`	`3,024`
`Credit card charges`	`248`	`316`
`Donations`	`1,250`	`50`
	`3,262`	`3,390`
`Other 2`
`Advertising`	`645`	`-`
`Governance costs`
`Legal fees`	`3,300`	`5,308`
`Capital project expenditure`	`-`	`53,662`
	`3,300`	`58,970`
`Total resources expended`	`163,007`	`202,845`
`Net income/(expenditure)`	`11,112`	`(14,118)`

This page does not form part of the statutory financial statements

Page 10