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Company number
:
10257450
|
South Shields FC Foundation Limited
|
For the year ended 30 June 2018
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 30 June 2018
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 9
Notes to the Financial Statements
3
For the year ended 30 June 2018
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 year ended
30
June
2018
.
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 (appointed on 12/11/2017)
Michael Orr (Resigned on 31/05/2018)
(
Resigned
:
31
May
2018
)
|
Beach Accountants Limited
13 Beach Road
South Shields
NE33 2QA
.............................................................................
|
Approved by the Board of Trustees and signed on its behalf by
|
1 of 9
4
For the year ended 30 June 2018
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 year ended 30 June 2018.
|
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
|
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
13 Beach Road
South Shields
NE33 2QA
28 February 2019
2 of 9
5
For the year ended 30 June 2018
South Shields FC Foundation Limited
Statement of Financial Activities (including Income and Expenditure Account)
2017
2018
Income and endowments from
:
|
51,084
101
1,000
50,084
2
1,977
-
-
1,977
3
3,732
1,618
-
3,732
4
56,793
1,719
1,000
55,793
5
(840)
-
(840)
-
(54,076)
(370)
(54,446)
(1,330)
6
(55,286)
(1,330)
(370)
(54,916)
1,507
389
630
877
Total funds brought forward
|
-
389
-
389
Total funds carried forward
|
1,266
630
1,896
389
3 of 9
6
South Shields FC Foundation Limited
Statement of Financial Position
2018
2017
7,505
-
10
7,505
-
7,175
822
11
Debtors
497
150
7,672
972
Creditors
:
amounts falling due within one year
|
(13,281)
(583)
12
Net current assets
(5,609)
389
Total assets less current liabilities
|
1,896
389
Net assets
1,896
389
13
630
-
Unrestricted income funds
|
13
1,266
389
1,896
389
For the year ended 30 June 2018 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
:
|
28 February 2019
4 of 9
7
For the year ended 30 June 2018
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 30th June 2018 . For this reason the financial accounts have been prepared on a going concern basis.
|
2
.
Income from donations and legacies
|
2017
2018
101
40,580
-
40,580
-
450
-
450
-
10,054
1,000
9,054
101
51,084
1,000
50,084
3
.
Income from charitable activities
|
2017
2018
Football camps and Activities
1,977
-
Income from charitable activities
4
.
Income earned from other activities
|
2017
2018
Fund raising events
1,618
3,732
1,618
3,732
5 of 9
8
For the year ended 30 June 2018
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
5
.
Expenditure on other trading activities
|
2017
2018
-
840
Fund raising events
840
-
6
.
Costs of charitable activities by fund type
|
2017
2018
51,880
370
904
52,250
Fundraising
2,196
-
426
2,196
Support costs
54,076
370
1,330
54,446
7
.
Analysis of support costs
|
2017
2018
Corporation tax
Corporation tax
-
96
Governance costs
Accountancy fees
810
330
Professional fees
600
-
Sundry expenses
324
-
Printing
462
-
2,196
330
426
2,196
6 of 9
9
For the year ended 30 June 2018
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
8
.
Net income
/(
expenditure
)
for the year
|
This is stated after charging
/(
crediting
):
|
2018
2017
Depreciation of owned fixed assets
|
5,106
-
810
330
9
.
Comparative for the Statement of Financial Activities
|
The comparative year values on the Statement of Financial Activites are for unrestricted funds
.
|
10
.
Tangible fixed assets
|
12,611
12,611
Charge for year
5,106
5,106
7,505
2018
2017
Amounts due within one year
:
|
7,175
50
Prepayments and accrued income
|
-
772
7,175
822
7 of 9
10
For the year ended 30 June 2018
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
12
.
Creditors
:
amounts falling due within one year
|
2018
2017
6,000
-
57
153
Accruals and deferred income
|
7,224
430
13,281
583
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
Unrestricted Funds
-
Previous year
|
Balance at
|
29
/
06
/
2016
|
Balance at
|
30
/
06
/
2017
|
General
-
1,719
(1,330)
389
General
-
1,719
(1,330)
389
Purpose of unrestricted Funds
|
General
To fund the general objectives of the charity.
Balance at
|
30
/
06
/
2018
|
Sponsorship
630
1,000
(370)
1,000
(370)
630
8 of 9
11
For the year ended 30 June 2018
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
Restricted Funds
-
Previous year
|
Balance at
|
30
/
06
/
2017
|
-
-
-
Purpose of restricted funds
|
Sponsorship
To fund specific areas of the charities general objectives.
14
.
Analysis of net assets between funds
|
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
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
-
389
389
General
Restricted funds
-
389
389
9 of 9