Planet Penguin Football Foundation
Charity No. 1202901
Company No. CE032139
Trustees' Report and Unaudited Accounts
31 May 2025
Planet Penguin Football Foundation Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Statement of Cash flows | 7 | |
| Notes to the Accounts | 8 to | 13 |
| Detailed Statement of Financial Activities | 14 to | 15 |
Page 1
Planet Penguin Football Foundation Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 May 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. CE032139
Charity No. 1202901
Registered Office
8 Ealing Village London W5 2LY
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
A.C. Cockram A.C. Cockram V. Cockram-Smith G.E. Tysoe
Key Management Personnel
Chair Alan Charles Cockram
Accountants
Amstone Management Limited Powys Lodge 6 Court Road Strensham Worcestershire WR8 9LP
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
A.C. Cockram
Trustee
Page 2
Planet Penguin Football Foundation Trustee$ Annual Report 31 July 2025 Page 3
Planet Penguin Football Foundation Statement of Financial Activities
for the year ended 31 May 2025
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 97,567 5,390 |
Restricted funds 2025 £ 5,000 - |
Total funds 2025 £ 102,567 5,390 |
Total funds 2024 £ 54,575 4,744 |
|---|---|---|---|---|
| 102,957 216 37,368 22,440 |
5,000 - - - |
107,957 216 37,368 22,440 |
59,319 99 40,130 3,599 |
|
| 60,024 - |
- - |
60,024 - |
43,828 - |
|
| 42,933 - |
5,000 - |
47,933 - |
15,491 - |
|
| 42,933 | 5,000 | 47,933 | 15,491 | |
| 42,933 15,491 |
5,000 - |
47,933 15,491 |
15,491 - |
|
| 58,424 | 5,000 | 63,424 | 15,491 |
Page 4
Planet Penguin Football Foundation Summary Income and Expenditure Account for the year ended 31 May 2025
| Income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2025 £ 107,957 107,957 60,024 60,024 47,933 47,933 |
2024 £ 59,319 |
|---|---|---|
| 59,319 | ||
| 43,828 | ||
| 43,828 | ||
| 15,491 | ||
| 15,491 |
Page 5
Planet Penguin Football Foundation Balance Sheet
at 31 May 2025
| Company No. CE032139 Notes 2025 £ Fixed assets Tangible assets 10 11,898 11,898 Current assets Cash at bank and in hand 53,830 53,830 Creditors:Amount falling due within one year 11 (2,304) Net current assets 51,526 Total assets less current liabilities 63,424 Net assets excluding pension asset or liability 63,424 Total net assets 63,424 The funds of the charity Restricted funds 12 Restricted income funds 5,000 5,000 Unrestricted funds 12 General funds 58,424 58,424 Reserves 12 Total funds 63,424 |
2024 £ - |
|---|---|
| - 18,215 |
|
| 18,215 (2,724) |
|
| 15,491 15,491 |
|
| 15,491 | |
| 15,491 | |
| - | |
| - 15,491 |
|
| 15,491 | |
| 15,491 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 May 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 July 2025
And signed on its behalf by:
A.C. Cockram Trustee 31 July 2025
Page 6
Planet Penguin Football Foundation Statement of Cash flows for the year ended 31 May 2025
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Decrease in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Net cash used in investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2025 £ 47,933 (420) 47,513 (11,898) (11,898) - 35,615 18,215 53,830 53,830 53,830 |
2024 £ 15,491 - |
|---|---|---|
| 15,491 - |
||
| - | ||
| - | ||
| 15,491 | ||
| - | ||
| 15,491 | ||
| 18,215 | ||
| 18,215 |
Page 7
Planet Penguin Football Foundation Notes to the Accounts
for the year ended 31 May 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
-
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
Planet Penguin Football Foundation Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
Planet Penguin Football Foundation Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
||||
|---|---|---|---|---|
| Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds carried forward 4 Income from donations and legacies 5 Income from charitable activities |
Unrestricted £ 97,567 97,567 |
Restricted £ 5,000 5,000 Unrestricted £ 5,390 5,390 |
Unrestricted funds 2024 £ 54,575 4,744 59,319 99 40,130 3,599 43,828 15,491 15,491 15,491 15,491 Total 2025 £ 102,567 102,567 Total 2025 £ 5,390 5,390 |
Total funds 2024 £ 54,575 4,744 |
| 59,319 99 40,130 3,599 |
||||
| 43,828 | ||||
| 15,491 | ||||
| 15,491 | ||||
| 15,491 | ||||
| 15,491 | ||||
| Total 2024 £ 54,575 |
||||
| 54,575 | ||||
| Total 2024 £ 4,744 |
||||
| 4,744 |
Page 10
Planet Penguin Football Foundation Notes to the Accounts
6 Expenditure on raising funds
| Fundraising trading costs 7 Expenditure on charitable activities Expenditure on charitable activities Governance costs 8 Other expenditure Employee costs Motor and travel costs General administrative costs Legal and professional costs 9 Staff costs Salaries and wages Social security costs Pension costs No employee received emoluments in excess of £60,000. 10 Tangible fixed assets Cost or revaluation Additions At 31 May 2025 Net book values At 31 May 2025 |
Unrestricted £ 216 216 Unrestricted £ 37,368 37,368 Unrestricted £ - 10,063 3,166 391 8,820 22,440 2025 4,796 594 113 5,503 |
Total 2025 £ 216 216 Total 2025 £ 37,368 37,368 Total 2025 £ - 10,063 3,166 391 8,820 22,440 £ 11,898 11,898 11,898 |
Total 2024 £ 99 |
|---|---|---|---|
| 99 | |||
| Total 2024 £ 40,130 |
|||
| 40,130 | |||
| Total 2024 £ 382 30 1,059 2,128 - |
|||
| 3,599 | |||
| 2024 - - - |
|||
| - | |||
| £ 11,898 |
|||
| 11,898 | |||
| 11,898 |
Page 11
Planet Penguin Football Foundation Notes to the Accounts
| 11 Creditors: amounts falling due within one year Accruals 12 Movement in funds Restricted funds: Restricted income funds: Total Unrestricted funds: General funds Total funds 13 Analysis of net assets between funds Fixed assets Net current assets 14 Reconciliation of net debt Cash and cash equivalents Net debt |
At 1 June 2024 - - 15,491 15,491 |
2025 £ 2,304 2,304 Incoming resources (including other gains/losses ) £ 5,000 5,000 102,957 107,957 At 1 June 2024 £ |
Resources expended £ - - (60,024) (60,024) Unrestricted funds £ 11,898 51,526 63,424 Cash flows £ |
2024 £ 2,724 |
|---|---|---|---|---|
| 2,724 | ||||
| At 31 May 2025 £ 5,000 |
||||
| 5,000 | ||||
| 58,424 | ||||
| 63,424 | ||||
| Total £ 11,898 51,526 |
||||
| 63,424 | ||||
| At 31 May 2025 £ |
||||
| 18,215 | 35,615 | 53,830 | ||
| 18,215 18,215 |
35,615 35,615 |
53,830 | ||
| 53,830 |
Page 12
Planet Penguin Football Foundation Notes to the Accounts
15 Commitments
Operating lease commitments
Annual commitments under non-cancellable operating leases are as follows:
| 2025 | 2025 | 2024 | 2024 | |
|---|---|---|---|---|
| Land and buildings |
Other | Land and buildings |
Other | |
| £ | £ | £ | £ | |
| Operating leases with expiry date: | ||||
| Pension commitments | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| The pension cost charge to the company | ||||
| amounted to: | 113 | - |
16 Related party disclosures Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
Planet Penguin Football Foundation Detailed Statement of Financial Activities
for the year ended 31 May 2025
| Income and endowments from: Donations and legacies Charitable activities Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Total of expenditure on charitable activities Other expenditure Employee costs Salaries/wages Employer's NIC Pension costs Staff training Staff welfare Motor and travel costs Vehicles - General costs Travel and subsistence General administrative costs, including depreciation and amortisation Bank charges General insurances Subscriptions |
Unrestricte d funds 2025 £ 97,567 97,567 5,390 5,390 102,957 216 216 216 37,368 37,368 37,368 - - 4,796 594 113 97 4,463 10,063 1,212 1,954 3,166 - 391 - |
Restricted funds 2025 £ 5,000 5,000 - - 5,000 - - - - - - - - - - - - - - - - - - - - |
Total funds 2025 £ 102,567 102,567 5,390 5,390 107,957 216 216 216 37,368 37,368 37,368 - - 4,796 594 113 97 4,463 10,063 1,212 1,954 3,166 - 391 - |
Total funds 2024 £ 54,575 |
|---|---|---|---|---|
| 54,575 | ||||
| 4,744 | ||||
| 4,744 | ||||
| 59,319 99 |
||||
| 99 | ||||
| 99 40,130 |
||||
| 40,130 | ||||
| 40,130 382 |
||||
| 382 | ||||
| - - - 30 - |
||||
| 30 | ||||
| - 1,059 |
||||
| 1,059 | ||||
| 231 - 1,897 |
Page 14
Planet Penguin Football Foundation Detailed Statement of Financial Activities
| Planet Penguin Football Foundation Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Legal and professional costs Accountancy and bookkeeping Consultancy fees Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
391 1,440 7,380 8,820 22,440 60,024 - 42,933 42,933 - 42,933 15,491 58,424 |
- - - - - - - 5,000 5,000 - 5,000 - 5,000 |
391 1,440 7,380 8,820 22,440 60,024 - 47,933 47,933 - 47,933 15,491 63,424 |
2,128 |
| - - |
||||
| - | ||||
| 3,599 | ||||
| 43,828 - |
||||
| 15,491 | ||||
| 15,491 - |
||||
| 15,491 | ||||
| - | ||||
| 15,491 |
Page 15