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Company number
:
10257450
|
South Shields FC Foundation Limited
|
For the year ended 30 June 2021
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 30 June 2021
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 year ended 30 June 2021
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
2021
.
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
Keith Finnigan
John WatsonJohn Watson
Geoff Thompson
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 year ended 30 June 2021
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 2021.
|
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
Chartered Certified Accountants
10 Blue Sky Way
Monkton Business Park South
South Tyneside
NE31 2EQ
27 May 2022
2 of 11
5
For the year ended 30 June 2021
South Shields FC Foundation Limited
Statement of Financial Activities (including Income and Expenditure Account)
2020
Income and endowments from
:
|
145,942
89,632
2
14,798
23,497
3
(9,926)
37,483
4
150,814
150,612
(106,104)
(85,896)
5/6
(103,165)
(57,762)
7
(209,269)
(143,658)
(58,455)
6,954
Total funds brought forward
|
1,191
8,145
Total funds carried forward
|
(50,310)
8,145
3 of 11
6
South Shields FC Foundation Limited
Statement of Financial Position
2021
2020
22,084
35,181
13
22,084
35,181
-
4,380
14
7,018
6,418
15
Debtors
50,380
94,809
57,398
105,607
Creditors
:
amounts falling due within one year
|
(90,625)
(83,476)
16
Net current assets
(33,227)
22,131
Total assets less current liabilities
|
(11,143)
57,312
Creditors
:
amounts falling due after more than one year
|
(39,167)
(49,167)
Net assets
(50,310)
8,145
Unrestricted income funds
|
17
(50,310)
8,145
(50,310)
8,145
For the year ended 30 June 2021 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 statements were approved and authorised for issue by the Board and signed on its behalf by
:
|
27 May 2022
4 of 11
7
For the year ended 30 June 2021
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 2021 . For this reason the financial accounts have been prepared on a going concern basis.
|
2
.
Income from donations and legacies
|
2020
2021
24,427
109,661
65,205
36,281
89,632
145,942
3
.
Income from charitable activities
|
2020
2021
Football camps and Activities
14,798
23,497
Income from charitable activities
4
.
Income earned from other activities
|
2020
2021
Fund raising events
586
4,934
36,897
(14,860)
37,483
(9,926)
5 of 11
8
For the year ended 30 June 2021
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
5
.
Expenditure on generating donations and legacies
|
2020
2021
34,044
66,718
236
1,780
68,498
34,280
6
.
Expenditure on other trading activities
|
2020
2021
51,616
37,606
Fund raising events
37,606
51,616
7
.
Costs of charitable activities by fund type
|
2020
2021
-
224
Grant Income
54,356
90,737
Fundraising
3,406
12,204
Support costs
57,762
103,165
6 of 11
9
For the year ended 30 June 2021
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
8
.
Analysis of support costs
|
2020
2021
Governance costs
Accountancy fees
3,990
1,299
Premises costs
1,559
542
Motor and travel expenses
272
82
Other finance costs
3,608
94
Bank loan interest
1,440
500
Printing
322
109
Telephone costs
-
780
Advertising
1,013
-
12,204
3,406
9
.
Net income
/(
expenditure
)
for the year
|
This is stated after charging
/(
crediting
):
|
2021
2020
Depreciation of owned fixed assets
|
28,538
9,278
3,990
1,299
Staff pension contributions
|
281
245
10
.
Staff costs and emoluments
|
Total staff costs for the year ended
30
June
2021
were
:
|
2021
2020
66,437
33,799
281
245
66,718
34,044
7 of 11
10
For the year ended 30 June 2021
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
2021
2020
13
Total staff
11
.
Trustee remuneration and related party transactions
|
There were no disclosable related party transactions in the year.
12
.
Comparative for the Statement of Financial Activities
|
The comparative year values on the Statement of Financial Activites are for unrestricted funds
.
|
13
.
Tangible fixed assets
|
72,550
4,221
68,330
16,844
-
16,844
(1,691)
-
(1,691)
85,174
2,530
87,704
37,370
1,028
36,342
(288)
(288)
-
Charge for year
28,538
506
28,032
65,620
1,246
64,374
20,800
31,988
1,284
3,193
22,084
35,181
8 of 11
11
For the year ended 30 June 2021
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
14
.
Stocks and work in progress
|
2021
2020
-
4,380
-
4,380
2021
2020
Amounts due within one year
:
|
4,425
850
2,593
5,568
7,018
6,418
16
.
Creditors
:
amounts falling due within one year
|
2021
2020
10,000
833
15,746
34,113
62,284
44,493
Accruals and deferred income
|
2,595
4,037
90,625
83,476
Balance at
|
01
/
07
/
2020
|
Balance at
|
30
/
06
/
2021
|
General
8,145
150,814
(209,269)
(50,310)
General
8,145
150,814
(209,269)
(50,310)
9 of 11
12
For the year ended 30 June 2021
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
Unrestricted Funds
-
Previous year
|
Balance at
|
01
/
01
/
2020
|
Balance at
|
30
/
06
/
2020
|
General
1,191
150,612
(143,658)
8,145
General
1,191
150,612
(143,658)
8,145
Purpose of unrestricted Funds
|
General
To fund the general objectives of the charity.
Purpose of restricted funds
|
Sponsorship
18
.
Analysis of net assets between funds
|
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
22,084
(33,227)
(39,167)
(50,310)
General
22,084
(33,227)
(39,167)
(50,310)
10 of 11
13
For the year ended 30 June 2021
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
35,181
22,131
(49,167)
8,145
General
35,181
22,131
(49,167)
8,145
11 of 11