Registered charity number: 1196899
THE EMMERSON BOYCE FOUNDATION TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
The Emmerson Boyce Foundation Trustees' Report and Financial Statements For The Year Ended 31 August 2022
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Trustees' Report | 2—3 |
| Independent Examiner'sReport | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—8 |
| Detailed Statement of Financial Activities | 9 |
The Emmerson Boyce Foundation Charity Information For The Year Ended 31 August 2022
| Charity Number | 1196899 |
|---|---|
| Principal Adderss | 20-22Wenlock Road |
| London | |
| N1 7GU | |
| Trustees | Emmerson Boyce - Appointed 5 January 2022 |
| Andrew Norkplim Awadzi - Appointed 5 January 2022 | |
| Alessandra Williams - Appointed 5 January 2022 | |
| Independent Examiners | Best Choice Chartered Accountants Office 30, Kingfisher House |
| 21-23 Elmfield Road, Bromley | |
| BR1 1LT |
Page 1
The Emmerson Boyce Foundation Trustees' Report For The Year Ended 31 August 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
Registered Charity number: 1196899
Trustees
Emmerson Boyce Andrew Norkplim Awadzi Alessandra Williams
Objectives and Activities
Mission and Vision of the Foundation - Empowering young people
The Emmerson Boyce Foundation strives to use the power of sport to empower young people to make positive life choices.
The Foundation aims to :
The Emmerson Boyce Foundation has a strong commitment to empowering young people through various initiatives and programs.
Physical and Mental Wellbeing : The foundation aims to equip children and young people with the resources needed to play and enjoy football. This not only contributes to their physical health but also promotes mental well-being, fostering a holistic approach to development.
Fundraising for Facilities and Equipment : The foundation seeks to raise funds for the development of football facilities and the provision of sporting equipment to communities. This contributes to creating accessible and quality sports infrastructure for young people.
Leadership Programs : Working with primary and secondary schools to deliver leadership programs is a vital aspect of empowering young people. These programs emphasize qualities such as fun, inclusion, and equality, which can help foster leadership skills and a sense of responsibility.
Entrepreneurial and Employment Skills : Providing opportunities that inspire and empower young people to develop entrepreneurial and transferable employment skills is crucial for their future success. This could involve programs or activities that teach skills like teamwork, communication, and problem-solving.
International Mentor-ship Program : The development of an international mentor ship program shows a commitment to offering guidance and support to young people on a global scale. This can facilitate personal and professional growth, connecting them with experienced individuals who can provide valuable insights, International Competitions, Exchange Programs, and Scholarships: Providing opportunities for young people to participate in international competitions, exchange programs, and scholarships is a great way to broaden their horizons, expose them to different cultures, and expand their educational and athletic horizons.
Overall, these initiatives demonstrate a comprehensive approach to empowering young people by not only focusing on their physical health and well-being but also their personal development, leadership skills, and global exposure. These efforts can have a lasting and positive impact on the lives of young individuals.
Objective:
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The main objective for the Emmerson Boyce Foundation in 2022 was to continue its partnership with the Barbados Football Association to further develop women's and girls' football on the island. This was done through various activities, including football training programs, coaching education, and workshops held throughout the year.
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Funding: The money received from the Barbados Football Association was used for various purposes, including purchasing equipment, paying coaches, covering accommodation and expenses, and promoting the program.
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Addressing Social Issues: The Foundation recognized the importance of addressing social issues and stereotypes related to women's and girls' football. Specialized support was provided to address the trauma that some individuals may have experienced from a young age.
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Women's World Cup Qualifiers: As part of the Women's development program, the team participated in the Women's World Cup qualifiers against El Salvador, Panama, Aruba, and Belize. The Foundation supported the coaches who travelled with the team.
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Change in Leadership: The agreement with the Barbados Football Association came to an end on June 1, 2022, as I took on the role of Technical Director of the Barbados FA.
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Overall, the Emmerson Boyce Foundation made significant strides in advancing women's and girls' football in Barbados in 2022, addressing social issues, and providing opportunities for players and coaches.
...CONTINUED
Page 2
The Emmerson Boyce Foundation Trustees' Report (continued) For The Year Ended 31 August 2022
Declarations:
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Emmerson Boyce Trustee
13/02/2024
Page 3
The Emmerson Boyce Foundation Independent Examiner's Report For The Year Ended 31 August 2022
I report on the accounts of the Charity for the year ended 31 August 2022 which are set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
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The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
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Having satisfied myself that an audit is not required, it is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
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 you as trustees concerning 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 matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed
Shahzad Fayyaz, ACA
13/02/2024
Best Choice Chartered Accountants Office 30, Kingfisher House 21-23 Elmfield Road Bromley BR1 1LT
Page 4
The Emmerson Boyce Foundation Statement of Financial Activities For The Year Ended 31 August 2022
| Notes INCOMING RESOURCES Income and endowments from Donations and legacies TOTAL INCOMING RESOURCES RESOURCES EXPENDED Expenditure on Education and Training activities Support costs TOTAL RESOURCES EXPENDED NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31 August 2022 Unrestricted Funds £ 55,531 55,531 9,714 63,775 (8,244) - (8,244) 54,061 |
31 August 2022 Restricted Funds £ - - - - - - - - |
31 August 2022 Total Funds £ 55,531 |
|---|---|---|---|
| 55,531 54,061 9,714 |
|||
| 63,775 (8,244) - |
|||
| (8,244) |
Page 5
The Emmerson Boyce Foundation Balance Sheet As at 31 August 2022
| FIXED ASSETS Tangible Assets 3 CURRENT ASSETS Cash at bank and in hand Creditors: Amounts Falling Due Within One Year NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET NETASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS |
31 August 2022 Unrestricted Funds £ - - 303 (8,547) (8,547) (8,244) (8,244) 303 |
31 August 2022 Restricted Funds £ - - - - - - |
31 August 2022 Restricted Funds £ - - - - - - |
31 August 2022 Total Funds £ - |
|---|---|---|---|---|
| (8,547) (8,547) (8,244) - 303 303 |
||||
| - - - - |
||||
| (8,244) (8,244) - |
||||
| (8,244) |
The Financial statements were approved by the Board of Trustees on 19[th] January 2024 and were signed on its behalf by:
Emmerson Boyce
Trustee
Page 6
The Emmerson Boyce Foundation Notes to the Financial Statements For The Year Ended 31 August 2022
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.
1.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.3. Taxation
The charity is exempt from tax on its charitable activities.
1.4. 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. There are currently no Restricted funds.
1.5. 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.
1.6. 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.
2. Staff Costs
The total staff costs and employee benefits for the reporting period was nil.
The charity does not employ any staff but the average number of trustees during the period were 3.
3. Creditors: Amounts Falling Due Within One Year
| Other Creditors Accruals and deferred income |
2022 £ 8,047 500 |
|---|---|
| 8,547 |
4. Trustee’s Remuneration and Benefits
There were no trustees' remuneration or other benefits for the year ended 31 August 2022.
Page 7
The Emmerson Boyce Foundation Notes to the Financial Statements (continued) For The Year Ended 31 August 2022
5. Movement in funds
| 5. Movement in funds |
|
|---|---|
| Unrestricted funds Restricted funds |
31 August 2022 £ - (8,244) |
| (8,244) |
Net movement in funds, included in the above are as follows:
| Unrestricted funds Restricted funds TOTAL FUNDS |
Incoming resources £ - 55,531 55,531 |
Resources expended £ - 63,775 63,775 |
Movement in funds £ - (8,244) |
|---|---|---|---|
| (8,244) |
6. Related Party Disclosures
Emmerson Boyce
Emmerson Boyce is a Trustee of The Emmerson Boyce Foundation.
During the year, Emmerson Boyce made a donation of £52,631 to The Emmerson Boyce Foundation.
Additionally, Emmerson Boyce incurred expenses of £8,047 on the Foundation's behalf. These expenses are currently owed to Emmerson Boyce.
Emmerson Boyce Ltd
Emmerson Boyce (Trustee) is the director of Emmerson Boyce Ltd.
During the year, payments made to Emmerson Boyce Ltd for services provided was £35,341.
Page 8
The Emmerson Boyce Foundation Detailed Statement of Financial Activities For The Year Ended 31 August 2022
| INCOMING RESOURCES Income and endowments from Donations and legacies Donations RESOURCES EXPENDED Education/Training Activities Training Expenses Coaches Fees Support Costs Travel & Subsistence Expenses Computer and IT consumables Printing, postage and stationery Accountancy fees Bank Charges TOTAL RESOURCES EXPENDED NET INCOME LESS NET EXPENDITURE |
31August 2022 Unrestricted Funds £ 55,531 55,531 63,775 9,714 3,394 50,667 54,061 8,421 40 319 500 434 (8,244) |
31August 2022 Restricted Funds £ - - - - - - - - - - - - - |
31August 2022 Total Funds £ 55,531 |
|---|---|---|---|
| 55,531 3,394 50,667 |
|||
| 54,061 8,421 40 319 500 434 |
|||
| 63,775 9,714 |
|||
| (8,244) |
Page 9