2024-06-30-accounts - Fir Park Corner FC

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REGISTERED COMPANY NUMBER: CS005797 (Scotland)
REGISTERED CHARITY NUMBER: SC051821

Unaudited Financial Statements
for the Year Ended
30 June 2024
for

FIR PARK CORNER FC (SCIO)

378 Brandon Street
Motherwell
ML1 1XA

WDM Associates
Oakfield House

FIR PARK CORNER FC (SCIO)

Contents of the Financial Statements
for the Year Ended 30 June 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`	`10`
`Detailed Statement of Financial Activities`		`11`

`FIR PARK CORNER FC (SCIO)`

`Report of the Trustees`

`for the Year Ended 30 June 2024`

ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended30June2024.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

The organisation's purposes are:

Theadvancementofpublicparticipationinsport.Inparticularbyprovidingopportunitiesforthepublictoplay football
specificallyinandaroundtheNorthLanarkshireareawithabsolutelynobarriers(includingage,gender,religion, race,
sexuality or football ability) with a culture of inclusion being central to everything we do.

Theprovisionofrecreationalfacilitiesortheorganisationofrecreationalactivitiesincludingsupportto existing
community projects that improve local facilities and the lives of the people within the community

Theclubwillseektohostfreeeventsofbothfootballandnon-footballnatureforthebenefitofthecommunity and
may periodically award financial grants to appreciate good causes relevant to that community.

`Significant activities`

Apositiveperformanceacrossbothsubscriptionsandfundraising,perhapsnotreflectedinthegrowthofthe project
fundduetounprecedentedhightravelandhospitalitycostsbroughtaboutbythesuccessoftheteamand the
start-up costs associated with the creation of the 2014 side.

`FINANCIAL REVIEW`

`Financial position`

Attheendoftheyearto30June2024,closingbankbalancesamountedto£25,772andtherewasasurplusof funds
of£25,172.Thisissplitacrossrestrictedandunrestrictedfundswiththeclosingbalanceofrestricted funds
amounting to £7,475 in the ground fund.

`FUTURE PLANS`

Wehavesignificantfundraisingeffortsplannedforthenexttwelvemonthsaheadwhichshouldfacilitate future
growth in the project fund and allow an increase in charitable contributions.

`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`

CS005797 (Scotland)

`Registered Charity number`

SC051821

Page 1

FIR PARK CORNER FC (SCIO)

`Report of the Trustees`

for the Year Ended 30 June 2024

`Registered office`

`Trustees`

`Company Secretary`

`Independent Examiner`

WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..................................................................
Trustee

Page 2

Independent Examiner's Report to the Trustees of

`Fir Park Corner FC (SCIO)`

I report on the accounts for the year ended 30 June 2024 set out on pages four to ten.

`Respective responsibilities of trustees and examiner`

Thecharity'strusteesareresponsibleforthepreparationoftheaccountsinaccordancewiththetermsof the
CharitiesandTrusteeInvestment(Scotland)Act2005andtheCharitiesAccounts(Scotland)Regulations2006 (as
amended).Thecharity'strusteesconsiderthattheauditrequirementofRegulation10(1)(a)to(c)ofthe Accounts
Regulationsdoesnotapply.ItismyresponsibilitytoexaminetheaccountsasrequiredunderSection44(1)(c)of the
Act and to state whether particular matters have come to my attention.

`Basis of the independent examiner's report`

MyexaminationwascarriedoutinaccordancewithRegulation11oftheCharitiesAccounts(Scotland) Regulations
2006.Anexaminationincludesareviewoftheaccountingrecordskeptbythecharityandacomparisonof the
accountspresentedwiththoserecords.Italsoincludesconsiderationofanyunusualitemsordisclosuresin the
accounts,andseekingexplanationsfromyouastrusteesconcerninganysuchmatters.Theproceduresundertaken do
notprovidealltheevidencethatwouldberequiredinanaudit,andconsequentlyIdonotexpressanauditopinion on
the view given by the accounts.

`Independent examiner's statement`

In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

The Association of Chartered Certified Accountants

WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

Date: .............................................

Page 3

FIR PARK CORNER FC (SCIO)

`Statement of Financial Activities`

`for the Year Ended 30 June 2024`

						`Period`
						`28.6.22`
					`Year Ended`	`to`
					`30.6.24`	`30.6.23`
		`Unrestricted`	`Restricted`		`Total`	`Total`
		`fund`	`fund`		`funds`	`funds`
	`Notes`	`£`	`£`		`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`		`20,933`	`6,125`		`27,058`	`18,971`
`Investment income`	`2`	`576`		`-`	`576`	`125`
`Total`		`21,509`	`6,125`		`27,634`	`19,096`
`EXPENDITURE ON`
`Raising funds`	`3`	`-`		`-`	`-`	`300`
`Charitable activities`
`Charitable activities`		`11,195`		`-`	`11,195`	`10,063`
`Total`		`11,195`		`-`	`11,195`	`10,363`
`NET INCOME`		`10,314`	`6,125`		`16,439`	`8,733`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`7,383`	`1,350`		`8,733`	`-`
`TOTAL FUNDS CARRIED FORWARD`		`17,697`	`7,475`		`25,172`	`8,733`

The notes form part of these financial statements

Page 4

FIR PARK CORNER FC (SCIO)

`Balance Sheet`

`30 June 2024`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `CURRENT ASSETS` `Cash at bank` `18,297` `7,475` `CREDITORS` `Amounts falling due within one year` `7` `(600)` `-` `NET CURRENT ASSETS` `17,697` `7,475` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `17,697` `7,475` `NET ASSETS` `17,697` `7,475` `FUNDS` `8` `Unrestricted funds` `Restricted funds` `TOTAL FUNDS`	`2024` `Total` `funds` `£` `25,772` `(600)` `25,172` `25,172` `25,172` `17,697` `7,475` `25,172`	`2023` `Total` `funds` `£` `9,033` `(300)` `8,733` `8,733` `8,733` `7,383` `1,350` `8,733`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
year ended 30 June 2024.

Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 June 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

continued...

Page 5

FIR PARK CORNER FC (SCIO)

`Balance Sheet - continued`

`30 June 2024`

Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon .............................................
and were signed on its behalf by:

.............................................

 - Trustee

The notes form part of these financial statements

Page 6

FIR PARK CORNER FC (SCIO)

`Notes to the Financial Statements`

for the Year Ended 30 June 2024

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothe funds,
it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.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.

`2. INVESTMENT INCOME`

`INVESTMENT INCOME`
		`Period`
		`28.6.22`
	`Year Ended`	`to`
	`30.6.24`	`30.6.23`
	`£`	`£`
`Bank interest received`	`576`	`125`

continued...

Page 7

FIR PARK CORNER FC (SCIO)

`Notes to the Financial Statements - continued`

for the Year Ended 30 June 2024

`3. RAISING FUNDS`

`Raising donations and legacies`

`Raising donations and legacies`
		`Period`
		`28.6.22`
	`Year Ended`	`to`
	`30.6.24`	`30.6.23`
	`£`	`£`
`Support costs`	`-`	`300`
`NET INCOME/(EXPENDITURE)`
`Net income/(expenditure) is stated after charging/(crediting):`
		`Period`
		`28.6.22`
	`Year Ended`	`to`
	`30.6.24`	`30.6.23`
	`£`	`£`
`Auditors' remuneration`	`300`	`300`

`4. NET INCOME/(EXPENDITURE)`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2024norforthe period
ended 30 June 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended30June2024norfortheperiod ended
30 June 2023.

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `Restricted` `fund` `fund` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `17,621` `1,350` `Investment income` `125` `-` `Total` `17,746` `1,350` `EXPENDITURE ON` `Raising funds` `300` `-` `Charitable activities` `Charitable activities` `10,063` `-`	`Total` `funds` `£` `18,971` `125`
	`19,096`
	`300` `10,063`

continued...

Page 8

FIR PARK CORNER FC (SCIO)

`Notes to the Financial Statements - continued`

for the Year Ended 30 June 2024

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`

		`Unrestricted`	`Restricted`	`Restricted`	`Total`
		`fund`	`fund`		`funds`
		`£`	`£`		`£`
	`Total`	`10,363`		`-`	`10,363`
	`NET INCOME`	`7,383`	`1,350`		`8,733`
	`TOTAL FUNDS CARRIED FORWARD`	`7,383`	`1,350`		`8,733`
`7.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2024`		`2023`
			`£`		`£`
	`Accrued expenses`		`600`		`300`
`8.`	`MOVEMENT IN FUNDS`
			`Net`
			`movement`		`At`
		`At 1.7.23`	`in funds`		`30.6.24`
		`£`	`£`		`£`
	`Unrestricted funds`
	`General fund`	`7,383`	`10,314`		`17,697`
	`Restricted funds`
	`Ground Fund`	`1,350`	`6,125`		`7,475`
	`TOTAL FUNDS`	`8,733`	`16,439`		`25,172`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`	`Resources`		`Movement`
		`resources`	`expended`		`in funds`
		`£`	`£`		`£`
	`Unrestricted funds`
	`General fund`	`21,509`	`(11,195)`		`10,314`
	`Restricted funds`
	`Ground Fund`	`6,125`	`-`		`6,125`
	`TOTAL FUNDS`	`27,634`	`(11,195)`		`16,439`

continued...

Page 9

`FIR PARK CORNER FC (SCIO)`

`Notes to the Financial Statements - continued`

for the Year Ended 30 June 2024

`8. MOVEMENT IN FUNDS - continued`

`Comparatives for movement in funds`

			`Net`
		`movement`		`At`
		`in funds`		`30.6.23`
			`£`	`£`
`Unrestricted funds`
`General fund`			`7,383`	`7,383`
`Restricted funds`
`Ground Fund`			`1,350`	`1,350`
`TOTAL FUNDS`			`8,733`	`8,733`
`Comparative net movement in funds, included in the above are as follows:`
	`Incoming`	`Resources`		`Movement`
	`resources`	`expended`		`in funds`
	`£`		`£`	`£`
`Unrestricted funds`
`General fund`	`17,746`	`(10,363)`		`7,383`
`Restricted funds`
`Ground Fund`	`1,350`		`-`	`1,350`
`TOTAL FUNDS`	`19,096`	`(10,363)`		`8,733`

`9. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 30 June 2024.

Page 10

`FIR PARK CORNER FC (SCIO)`

`Detailed Statement of Financial Activities`

`for the Year Ended 30 June 2024`

`Detailed Statement of Financial Activities` `for the Year Ended 30 June 2024`
		`Period`
		`28.6.22`
	`Year Ended`	`to`
	`30.6.24`	`30.6.23`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Memberships`	`8,155`	`15,491`
`Fundraising`	`5,428`	`1,935`
`Match fees`	`6,850`	`170`
`Sponsorship`	`500`	`25`
`Grants`	`6,125`	`1,350`
	`27,058`	`18,971`
`Investment income`
`Bank interest received`	`576`	`125`
`Total incoming resources`	`27,634`	`19,096`
`EXPENDITURE`
`Charitable activities`
`Venue/ pitch hire`	`3,465`	`3,738`
`Equipment inc strips`	`2,308`	`2,453`
`Match & league fees`	`1,003`	`841`
`Age group start up fees`	`400`	`440`
`Travel & hospitality`	`1,112`	`1,218`
`Charitable donations`	`561`	`1,090`
`Sundries`	`1,117`	`283`
`Fundraising`	`929`	`-`
	`10,895`	`10,063`
`Support costs`
`Governance costs`
`Auditors' remuneration`	`300`	`300`
`Total resources expended`	`11,195`	`10,363`
`Net income`	`16,439`	`8,733`

This page does not form part of the statutory financial statements

Page 11