REGISTERED COMPANY NUMBER: CE021165 (England and Wales) REGISTERED CHARITY NUMBER: 1188598
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
The Eamonn Fallon Goalkeeper Charity
The Eamonn Fallon Goalkeeper Charity
Contents of the Financial Statements for the Year Ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
The Eamonn Fallon Goalkeeper Charity
Report of the Trustees for the Year Ended 31 March 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 31 March 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance in life and help young people through:
(a) the advancement of the physical education by the provision of facilities which will enable young people to take part in sport including coaching and the provision of equipment.
(b) the providing recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(c) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
FINANCIAL REVIEW
Reserves policy
Within the General Fund, the Trustees have agreed to keep a minimum reserve of £2,000 to cover operational costs (i.e. governance and support costs) for at least twelve months
. As of 31 March 2024, the balance of the General Fund was £25,127 (2023: £35,861), so the reserves are well above the minimum level. The reserves increased considerably because of Covid restrictions, during which time, the planned programme of sports tuition events for 2020 & 2021 were unable proceed and as such the costs incurred dropped considerably.
During the year, the trustees have been planned and deployed additional sports tuition programmes, this required sourcing and vetting suitable sports coaches, the process is ongoing, with further sports programmes planned for 2025 year, including new provisions for Rugby coaching, increased availability of Netball Coaching.
The trustees are also working with other charities and social services to identify children and young people, who require access to sporting equipment and to enrol them on the suite of sports tuition programmes available.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document - CIO Foundation as at date of registration: 17 March 2021
Charity constitution
Constitution of The Eamonn Fallon Goalkeeper Charity is that of a Charitable Incorporated Organisation (Foundation Structure) whose only voting members are its trustees.
Recruitment and appointment of new trustees
The CIO shall have a Board of Trustees comprising at least 3 persons.
(a) New Trustees may be recruited to the Board at any time by the Trustees. In selecting individuals for appointment as Trustees, the Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
(b) The Trustees may, by and from their number and from time to time, elect such officers (chair, secretary, treasurer) as they see fit.
Page 1
The Eamonn Fallon Goalkeeper Charity
Report of the Trustees
for the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Decision making
All major decisions are taken by the Trustees collectively. The Trustees normally meet three times per year with further liaison by email between meetings.
No decision may be made by a meeting of the Trustees unless a quorum is present at the time the decision is made. Present includes being present by suitable electronic means agreed by the Trustees in which a participant or participants may communicate with all the other participants.
A quorum shall be 3 Trustees.
A Trustee shall not be counted in the quorum present when any decision is made about a matter upon which that Trustee is not entitled to vote.
Questions arising at any meetings shall be decided by a majority of votes, each Trustee having one vote on any matter to be decided. In the case of an equality of votes, the chair of the meeting shall have a second or casting vote.
A resolution in writing or in electronic form agreed by all the Trustees who are entitled to receive notice of and vote at a meeting of Trustees shall be as valid and effectual as if it had been passed at a meeting of the Trustees.
Key management remuneration
Day to day administration is handled on a voluntary basis John Fallon who acts as Chair. The charity has no paid staff.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number CE021165 (England and Wales)
Registered Charity number 1188598
Registered office
28 Moat Avenue
Green Lane Coventry CV3 6BS
Trustees Mr J Fallon Mrs J Fallon Mr A D Steane Mr C R Rhodes Mr T Cudworth Mr B Young
Page 2
The Eamonn Fallon Goalkeeper Charity
Statement of Financial Activities for the Year Ended 31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 5,028 | 15,273 | |
| Other trading activities | 2 | 4,695 | 9,560 |
| Total | 9,723 | 24,833 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Sporting Activities | 19,313 | 17,066 | |
| Other | 1,144 | 1,493 | |
| Total | 20,457 | 18,559 | |
| NET INCOME/(EXPENDITURE) | (10,734) | 6,274 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 35,861 | 29,587 | |
| TOTAL FUNDS CARRIED FORWARD | 25,127 | 35,861 |
The notes form part of these financial statements
Page 3
The Eamonn Fallon Goalkeeper Charity
Balance Sheet
31 March 2024
| 31.3.24 | 31.3.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Cash at bank | 26,615 | 36,605 | |
| CREDITORS | |||
| Amounts falling due within one year | 5 | (1,488) | (744) |
| NET CURRENT ASSETS | 25,127 | 35,861 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 25,127 | 35,861 | |
| NET ASSETS | 25,127 | 35,861 | |
| FUNDS | 6 | ||
| Unrestricted funds | 25,127 | 35,861 | |
| TOTAL FUNDS | 25,127 | 35,861 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.
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:
The notes form part of these financial statements
Page 4
The Eamonn Fallon Goalkeeper Charity
Notes to the Financial Statements
for the Year Ended 31 March 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.
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.
2.
OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Fundraising events | 4,695 | 9,560 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 15,273 |
| Other trading activities | 9,560 |
| Total | 24,833 |
EXPENDITURE ON
continued...
Page 5
The Eamonn Fallon Goalkeeper Charity
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | ||||
|---|---|---|---|---|
| fund | ||||
| £ | ||||
| Charitable activities | ||||
| Sporting Activities | 17,066 | |||
| Other | 1,493 | |||
| Total | 18,559 | |||
| NET INCOME | 6,274 | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 29,587 | |||
| TOTAL FUNDS CARRIED FORWARD | 35,861 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.3.24 | 31.3.23 | |||
| £ | £ | |||
| Accrued expenses | 1,488 | 744 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 35,861 | (10,734) | 25,127 | |
| TOTAL FUNDS | 35,861 | (10,734) | 25,127 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 9,723 | (20,457) | (10,734) | |
| TOTAL FUNDS | 9,723 | (20,457) | (10,734) |
continued...
Page 6
The Eamonn Fallon Goalkeeper Charity
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,587 | 6,274 | 35,861 |
| TOTAL FUNDS | 29,587 | 6,274 | 35,861 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,833 | (18,559) | 6,274 |
| TOTAL FUNDS | 24,833 | (18,559) | 6,274 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 29,587 | (4,460) | 25,127 |
| TOTAL FUNDS | 29,587 | (4,460) | 25,127 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 34,556 | (39,016) | (4,460) |
| TOTAL FUNDS | 34,556 | (39,016) | (4,460) |
continued...
Page 7
The Eamonn Fallon Goalkeeper Charity
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
| The Eamonn Fallon Goalkeeper Charity | ||
|---|---|---|
| Detailed Statement of Financial Activities | ||
| for the Year Ended 31 March 2024 | ||
| 31.3.24 | 31.3.23 | |
| Unrestricted | Total | |
| funds | funds | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | - | 1 |
| Donations | 5,028 | 15,272 |
| 5,028 | 15,273 | |
| Othertrading activities | ||
| Fundraising events | 4,695 | 9,560 |
| Total incomingresources | 9,723 | 24,833 |
| EXPENDITURE | ||
| Charitable activities | ||
| Advertising | 2,049 | 1,414 |
| Sports equipment | 1,754 | 5,049 |
| Sports coaching | 9,768 | 5,929 |
| Sports trophies | 175 | 381 |
| Sports venue hire | 3,567 | 4,293 |
| Fundraising Event Costs | 2,000 | - |
| 19,313 | 17,066 | |
| Support costs | ||
| Management | ||
| Sundries | 230 | 264 |
| Information technology | ||
| Repairs and renewals | - | 175 |
| Humanresources | ||
| Software licences | 74 | 60 |
| Governance costs | ||
| Insurance | 96 | 96 |
| Postage and stationery | - | 154 |
| Accountancy and legal fees | 744 | 744 |
| 840 | 994 | |
| Total resources expended | 20,457 | 18,559 |
| Net income | (10,734) | 6,274 |
This page does not form part of the statutory financial statements
Page 9