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 2024
for
Bealonians Football Club
Bealonians Football Club
Contents of the Financial Statements for the Year Ended 30 April 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
Bealonians Football Club
Report of the Trustees
for the Year Ended 30 April 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 30 April 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
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 N Newell Trustee (appointed 11.5.23) Mr M Gunn Trustee (appointed 11.5.23) Ms M Garnier Trustee (appointed 11.5.23) Mr W G Blackwell Trustee (appointed 7.9.23)
Independent Examiner
Lorraine Curtis 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:
Page 1
Bealonians Football Club
Report of the Trustees
for the Year Ended 30 April 2024
.......................................................................... Mr A K MacRae - Trustee
Page 2
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 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 Chartered Accountants in England and Wales, 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.
Lorraine Curtis
Nordens The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY
Date: .............................................
Page 3
Bealonians Football Club
Statement of Financial Activities for the Year Ended 30 April 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 253,868 Other trading activities 2 5,845 Investment income 3 1,320 Total 261,033 EXPENDITURE ON Raising funds 4 97,162 Other 122,109 Total 219,271 NET INCOME 41,762 RECONCILIATION OF FUNDS Total funds brought forward 64,433 TOTAL FUNDS CARRIED FORWARD 106,195 |
Restricted fund £ 4,412 - - 4,412 - - - 4,412 39,762 44,174 |
30.4.24 Total funds £ 258,280 5,845 1,320 265,445 97,162 122,109 219,271 46,174 104,195 150,369 |
30.4.23 Total funds £ 173,317 575 227 |
|---|---|---|---|
| 174,119 | |||
| 78,420 84,587 |
|||
| 163,007 | |||
| 11,112 93,083 |
|||
| 104,195 |
The notes form part of these financial statements
Page 4
Bealonians Football Club
Balance Sheet
30 April 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 25,650 CURRENT ASSETS Debtors 9 11,178 Cash at bank and in hand 105,484 116,662 CREDITORS Amounts falling due within one year 10 (36,117) NET CURRENT ASSETS 80,545 TOTAL ASSETS LESS CURRENT LIABILITIES 106,195 NET ASSETS 106,195 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - 44,174 44,174 - 44,174 44,174 44,174 |
30.4.24 Total funds £ 25,650 11,178 149,658 160,836 (36,117) 124,719 150,369 150,369 106,195 44,174 150,369 |
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 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.
The notes form part of these financial statements
Page 5
Bealonians Football Club
Balance Sheet - continued
30 April 2024
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 6
Bealonians Football Club
Notes to the Financial Statements for the Year Ended 30 April 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 - 25% 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.
Page 7
Bealonians Football Club
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 30.4.24 | 30.4.23 | ||
| £ | £ | ||
| Sponsorships | 5,845 | 575 | |
| 3. | INVESTMENT INCOME | ||
| 30.4.24 | 30.4.23 | ||
| £ | £ | ||
| Deposit account interest | 1,320 | 227 | |
| 4. | RAISING FUNDS | ||
| Raising donations and legacies | |||
| 30.4.24 | 30.4.23 | ||
| £ | £ | ||
| Support costs | 55,573 | 51,390 | |
| 5. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 30.4.24 | 30.4.23 | ||
| £ | £ | ||
| Depreciation - owned assets | 8,550 | - | |
| Other operating leases | 85,739 | 75,287 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Page 8
Bealonians Football Club
Notes to the Financial Statements - continued
for the Year Ended 30 April 2024
7. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 30.4.24 | 30.4.23 | ||
|---|---|---|---|
| Trustees | 10 | 10 | |
| No employees received emoluments in excess of £60,000. | |||
| 8. | TANGIBLE FIXED ASSETS | ||
| Plant and | |||
| machinery | |||
| £ | |||
| COST | |||
| Additions | 34,200 | ||
| DEPRECIATION | |||
| Charge for year | 8,550 | ||
| NET BOOK VALUE | |||
| At 30 April 2024 | 25,650 | ||
| At 30 April 2023 | - | ||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 30.4.24 | 30.4.23 | ||
| £ | £ | ||
| Trade debtors | 10,152 | 8,132 | |
| Prepayments | 1,026 | 2,149 | |
| 11,178 | 10,281 |
Page 9
Bealonians Football Club
Notes to the Financial Statements - continued
for the Year Ended 30 April 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Accruals and deferred income 11. 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 |
30.4.24 30.4.23 £ £ 1,861 4,946 34,256 27,812 36,117 32,758 Net movement At At 1.5.23 in funds 30.4.24 £ £ £ 64,433 41,762 106,195 39,762 4,412 44,174 104,195 46,174 150,369 Incoming Resources Movement resources expended in funds £ £ £ 261,033 (219,271) 41,762 4,412 - 4,412 265,445 (219,271) 46,174 |
|---|---|
Page 10
Bealonians Football Club
Notes to the Financial Statements - continued for the Year Ended 30 April 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.5.22 | in funds | 30.4.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 53,609 | 10,824 | 64,433 |
| Restricted funds | |||
| Capital Project | 39,474 | 288 | 39,762 |
| TOTAL FUNDS | 93,083 | 11,112 | 104,195 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Capital Project TOTAL FUNDS |
Incoming resources £ 173,831 288 174,119 |
Resources Movement expended in funds £ £ (163,007) 10,824 - 288 (163,007) 11,112 |
|---|---|---|
The restricted fund represents the money set aside for the development of the club.
12. RELATED PARTY DISCLOSURES
During the year no trustees or other person related to the charity had any personal interest in any contract or transaction entered in to by the charity.
Page 11
Bealonians Football Club
Detailed Statement of Financial Activities for the Year Ended 30 April 2024
| Detailed Statement of Financial Activities for the Year Ended 30 April 2024 |
||
|---|---|---|
| 30.4.24 | 30.4.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Membership Fees | 127,622 | 111,263 |
| Jack Petchey and Grants | 37,595 | 645 |
| Charity Donations | 60,141 | 20,152 |
| Events | 6,040 | 16,642 |
| Fines | 2,494 | 2,554 |
| Merchandise | 1,581 | 1,686 |
| Pitch hire | 22,807 | 20,375 |
| 258,280 | 173,317 | |
| Other trading activities | ||
| Sponsorships | 5,845 | 575 |
| Investment income | ||
| Deposit account interest | 1,320 | 227 |
| Total incoming resources | 265,445 | 174,119 |
| EXPENDITURE | ||
| Other trading activities | ||
| Bad debts | 6,219 | - |
| Events | 5,898 | 15,130 |
| 12,117 | 15,130 | |
| Other | ||
| RSL pitches | 36,779 | 29,207 |
| Kit and Equipment | 43,582 | 13,646 |
| Trophies | 2,347 | 1,186 |
| Transport | 2,676 | 5,665 |
| 85,384 | 49,704 | |
| Support costs | ||
| Management | ||
| Groundskeeping | 48,960 | 46,080 |
| Affiliations | 4,946 | 3,426 |
| Sundries | 108 | 1,933 |
| Carried forward | 54,014 | 51,439 |
This page does not form part of the statutory financial statements
Page 12
Bealonians Football Club
Detailed Statement of Financial Activities for the Year Ended 30 April 2024
| Detailed Statement of Financial Activities for the Year Ended 30 April 2024 |
||
|---|---|---|
| 30.4.24 | 30.4.23 | |
| £ | £ | |
| Management | ||
| Brought forward | 54,014 | 51,439 |
| Licences | 2,638 | 3,845 |
| Training | 1,420 | 3,854 |
| Ref Fees | 15,320 | 11,900 |
| Volunteer reward | 1,380 | 1,711 |
| Cleaning and laundry | 4,941 | 4,636 |
| Catering | 3,130 | 2,250 |
| Fines | 1,611 | 2,608 |
| 84,454 | 82,243 | |
| Finance | ||
| Accountancy fee | 1,764 | 1,764 |
| Information technology | ||
| Telephone | 4,255 | 4,429 |
| Repairs and renewals | 1,988 | 2,170 |
| 6,243 | 6,599 | |
| Other | ||
| Waste Removal | 2,417 | 1,223 |
| Credit card charges | 70 | 248 |
| Donations | 250 | 1,250 |
| Rent and Rates | 1,133 | 901 |
| 3,870 | 3,622 | |
| Other 2 | ||
| Advertising | 287 | 645 |
| Governance costs | ||
| Legal & Professional fees | 16,602 | 3,300 |
| Plant and machinery | 8,550 | - |
| 25,152 | 3,300 | |
| Total resources expended | 219,271 | 163,007 |
| Net income | 46,174 | 11,112 |
This page does not form part of the statutory financial statements
Page 13