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Company number
:
10257450
|
South Shields FC Foundation Limited
|
For the period ended 31 December 2019
Report of the Trustees and Unaudited Financial Statements
2
For the period ended 31 December 2019
South Shields FC Foundation Limited
Contents Page
1
Report of the Trustees
2
Independent Examiner's Report to the Trustees
3
Statement of Financial Activities
4
Statement of Financial Position
5 to 11
Notes to the Financial Statements
3
For the period ended 31 December 2019
South Shields FC Foundation Limited
Report of the Trustees
The Trustees
,
who are also directors for the purposes of company law
,
have pleasure in presenting their report and the financial
|
statements for the charitable company for the period ended
31
December
2019
.
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 the Republic of Ireland
(
FRS
102
) (
effective
1
January
|
2015
).
|
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
|
REFERENCE AND ADMINISTRATIVE INFORMATION
|
South Shields FC Foundation Limited
Charity registration number
|
1176894
10257450
Company registration number
|
The trustees and officers serving during the year and since the year end were as follows:
Gary Crutwell
Stephen David Taylor
Martin Ronald Urwin
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
South Tyneside
NE31 2EQ
.............................................................................
|
Approved by the Board of Trustees and signed on its behalf by
|
1 of 11
4
For the period ended 31 December 2019
South Shields FC Foundation Limited
Independent Examiners Report to the Trustees
I report to the trustees on my examination of the accounts of the charitable company for the period ended 31 December 2019.
|
Responsibilities and basis of report
|
As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners statement
|
Since the Charitable company
’
s gross income exceeded £
250
,
000
,
your examiner must be a member of a body listed in section
145
of
|
the
2011
Act
.
I confirm that I am qualified to undertake the examination by virtue of my membership of
,
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 that in any material respect
:
|
1
.
accounting records were not kept in respect of the Company as required by section
386
of the
2006
Act
;
or
|
2
.
the accounts do not accord with those records
;
or
|
3
.
the accounts do not comply with the 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
|
4
.
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
.
|
Beach Accountants Limited
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
South Tyneside
NE31 2EQ
30 October 2020
2 of 11
5
For the period ended 31 December 2019
South Shields FC Foundation Limited
Statement of Financial Activities (including Income and Expenditure Account)
2018
2019
Income and endowments from
:
|
204,903
51,084
-
204,903
2
42,913
1,977
-
42,913
3
105,040
3,732
-
105,040
4
352,856
56,793
-
352,856
5/6
(185,515)
-
(185,515)
(840)
(167,416)
(630)
(168,046)
(54,446)
7
(353,561)
(55,286)
(630)
(352,931)
(705)
1,507
(630)
(75)
Total funds brought forward
|
389
1,896
630
1,266
Total funds carried forward
|
1,191
-
1,191
1,896
3 of 11
6
South Shields FC Foundation Limited
Statement of Financial Position
2019
2018
32,072
7,505
13
32,072
7,505
5,061
-
14
13,824
7,175
15
Debtors
12,004
497
30,889
7,672
Creditors
:
amounts falling due within one year
|
(61,770)
(13,281)
16
Net current assets
(30,881)
(5,609)
Total assets less current liabilities
|
1,191
1,896
Net assets
1,191
1,896
17
-
630
Unrestricted income funds
|
17
1,191
1,266
1,191
1,896
For the period ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
|
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
|
The financial statement were approved and authorised for issue by the Board and signed on its behalf by
:
|
30 October 2020
4 of 11
7
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. South Shields FC Foundation Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
|
The Trustees have assessed the financial viability of the Charity and have concluded that there is no reason why the Charity will not continue operating for at least 12 months following the year ending 31st December 2019 . For this reason the financial accounts have been prepared on a going concern basis.
|
2
.
Income from donations and legacies
|
2018
2019
40,580
175,982
450
25,250
10,054
3,671
51,084
204,903
3
.
Income from charitable activities
|
2018
2019
Football camps and Activities
42,913
1,977
Income from charitable activities
5 of 11
8
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
4
.
Income earned from other activities
|
2018
2019
Fund raising events
3,732
7,632
-
97,408
3,732
105,040
See detailed SOFA for breakdown.
5
.
Expenditure on generating donations and legacies
|
2018
2019
-
108,761
-
814
-
550
110,125
-
6
.
Expenditure on other trading activities
|
2018
2019
840
75,390
Fund raising events
75,390
840
7
.
Costs of charitable activities by fund type
|
2018
2019
460
-
-
460
Grant Income
140,134
630
52,250
140,764
Fundraising
26,822
-
2,196
26,822
Support costs
167,416
630
54,446
168,046
See detailed SOFA for breakdown.
6 of 11
9
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
8
.
Analysis of support costs
|
2018
2019
Governance costs
Accountancy fees
2,565
810
Premises costs
7,138
-
Motor and travel expenses
380
-
Professional fees
15,020
600
Sundry expenses
-
324
Printing
1,389
462
Insurance
330
-
26,822
2,196
9
.
Net income
/(
expenditure
)
for the period
|
This is stated after charging
/(
crediting
):
|
2019
2018
Depreciation of owned fixed assets
|
22,987
5,106
2,565
810
Staff pension contributions
|
420
-
10
.
Staff costs and emoluments
|
Total staff costs for the period ended
31
December
2019
were
:
|
2019
2018
107,449
-
420
-
107,869
-
Salaries and wages above does not include wage costs for Harton Welfare
(
£
12
,
896
)
,
this is included under other trading activities
|
and is shown in the detailed in SOFA on page
11
&
12
.
|
7 of 11
10
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
2019
2018
14
Total staff
11
.
Trustee remuneration and related party transactions
|
There were no disclosable related party transactions during the year (2018- none).
12
.
Comparative for the Statement of Financial Activities
|
2018
Income and endowments from
:
|
51,084
1,000
50,084
1,977
-
1,977
3,732
-
3,732
56,793
1,000
55,793
(840)
-
(840)
(54,076)
(370)
(54,446)
(55,286)
(370)
(54,916)
1,507
630
877
Total funds brought forward
|
389
-
389
Total funds carried forward
|
1,266
630
1,896
8 of 11
11
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
13
.
Tangible fixed assets
|
12,610
-
12,610
47,553
2,481
45,072
57,683
2,481
60,163
5,105
-
5,105
Charge for period
22,987
744
22,242
28,092
744
27,348
30,335
7,505
1,737
-
32,072
7,505
14
.
Stocks and work in progress
|
2019
2018
5,061
-
5,061
-
2019
2018
Amounts due within one year
:
|
13,745
7,175
79
-
13,824
7,175
9 of 11
12
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
16
.
Creditors
:
amounts falling due within one year
|
2019
2018
17,685
6,000
28,245
57
Accruals and deferred income
|
15,840
7,224
61,770
13,281
Balance at
|
01
/
07
/
2018
|
Balance at
|
31
/
12
/
2019
|
General
1,266
352,856
(352,931)
1,191
General
1,266
352,856
(352,931)
1,191
Unrestricted Funds
-
Previous year
|
Balance at
|
01
/
07
/
2017
|
Balance at
|
30
/
06
/
2018
|
General
389
55,793
(54,916)
1,266
General
389
55,793
(54,916)
1,266
Purpose of unrestricted Funds
|
General
To fund the general objectives of the charity.
Balance at
|
01
/
07
/
2018
|
Balance at
|
31
/
12
/
2019
|
Sponsorship
-
630
-
(630)
630
-
(630)
-
10 of 11
13
For the period ended 31 December 2019
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
Restricted Funds
-
Previous year
|
Balance at
|
01
/
07
/
2017
|
Balance at
|
30
/
06
/
2018
|
Sponsorship
630
-
1,000
(370)
-
1,000
(370)
630
Purpose of restricted funds
|
Sponsorship
To fund specific areas of the charities general objectives.
18
.
Analysis of net assets between funds
|
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
32,072
(30,881)
1,191
General
Restricted funds
32,072
(30,881)
1,191
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
7,505
(6,239)
1,266
General
Restricted funds
-
630
630
Sponsorship
7,505
(5,609)
1,896
11 of 11