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Company number
:
10257450
|
South Shields FC Foundation Limited
|
For the period ended 30 June 2020
Report of the Trustees and Unaudited Financial Statements
2
For the period ended 30 June 2020
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 30 June 2020
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
30
June
2020
.
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 (appointed on 01/01/2020)
(
Appointed
:
01
January
2020
)
|
John Watson (appointed on 01/01/2020)
(
Appointed
:
01
January
2020
)
|
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 30 June 2020
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 30 June 2020.
|
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
26 May 2021
2 of 11
5
For the period ended 30 June 2020
South Shields FC Foundation Limited
Statement of Financial Activities (including Income and Expenditure Account)
2019
Income and endowments from
:
|
89,632
204,903
2
23,497
42,913
3
37,483
105,040
4
150,612
352,856
(85,896)
(185,515)
5/6
(57,762)
(168,046)
7
(143,658)
(353,561)
6,954
(705)
Total funds brought forward
|
1,896
1,191
Total funds carried forward
|
8,145
1,191
3 of 11
6
South Shields FC Foundation Limited
Statement of Financial Position
2020
2019
35,181
32,072
13
35,181
32,072
4,380
5,061
14
6,418
13,824
15
Debtors
94,809
12,004
105,607
30,889
Creditors
:
amounts falling due within one year
|
(83,476)
(61,770)
16
Net current assets
22,131
(30,881)
Total assets less current liabilities
|
57,312
1,191
Creditors
:
amounts falling due after more than one year
|
(49,167)
-
Net assets
8,145
1,191
17
-
-
Unrestricted income funds
|
17
8,145
1,191
8,145
1,191
For the period ended 30 June 2020 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
:
|
26 May 2021
4 of 11
7
For the period ended 30 June 2020
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 2020 . For this reason the financial accounts have been prepared on a going concern basis.
|
2
.
Income from donations and legacies
|
2019
2020
175,982
24,427
25,250
65,205
3,671
-
204,903
89,632
3
.
Income from charitable activities
|
2019
2020
Football camps and Activities
23,497
42,913
Income from charitable activities
4
.
Income earned from other activities
|
2019
2020
Fund raising events
7,632
586
97,408
36,897
105,040
37,483
5 of 11
8
For the period ended 30 June 2020
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
5
.
Expenditure on generating donations and legacies
|
2019
2020
108,761
34,044
814
236
550
-
34,280
110,125
6
.
Expenditure on other trading activities
|
2019
2020
75,390
51,616
Fund raising events
51,616
75,390
7
.
Costs of charitable activities by fund type
|
2019
2020
460
-
Grant Income
140,764
54,356
Fundraising
26,822
3,406
Support costs
168,046
57,762
6 of 11
9
For the period ended 30 June 2020
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
8
.
Analysis of support costs
|
2019
2020
Governance costs
Accountancy fees
1,299
2,565
Premises costs
542
7,138
Motor and travel expenses
82
380
Other finance costs
94
-
Professional fees
500
15,020
Printing
109
1,389
Insurance
-
330
Telephone costs
780
-
3,406
26,822
9
.
Net income
/(
expenditure
)
for the period
|
This is stated after charging
/(
crediting
):
|
2020
2019
Depreciation of owned fixed assets
|
9,278
22,987
1,299
2,565
Staff pension contributions
|
245
420
10
.
Staff costs and emoluments
|
Total staff costs for the period ended
30
June
2020
were
:
|
2020
2019
33,799
107,449
245
420
34,044
107,869
7 of 11
10
For the period ended 30 June 2020
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
2020
2019
10
Total staff
11
.
Trustee remuneration and related party transactions
|
There were no related party transactions in this year
12
.
Comparative for the Statement of Financial Activities
|
2019
Income and endowments from
:
|
204,903
-
204,903
42,913
-
42,913
105,040
-
105,040
352,856
-
352,856
(185,515)
-
(185,515)
(167,416)
(630)
(168,046)
(353,561)
(630)
(352,931)
(705)
(630)
(75)
Total funds brought forward
|
1,896
630
1,266
Total funds carried forward
|
1,191
-
1,191
8 of 11
11
For the period ended 30 June 2020
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
13
.
Tangible fixed assets
|
60,163
2,481
57,683
12,387
1,740
10,647
68,330
4,221
72,550
28,092
744
27,348
Charge for period
9,278
283
8,994
37,370
1,028
36,342
31,988
30,335
3,193
1,737
35,181
32,072
14
.
Stocks and work in progress
|
2020
2019
4,380
5,061
4,380
5,061
2020
2019
Amounts due within one year
:
|
850
13,745
5,568
79
6,418
13,824
9 of 11
12
For the period ended 30 June 2020
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
16
.
Creditors
:
amounts falling due within one year
|
2020
2019
833
-
34,113
17,685
44,493
28,245
Accruals and deferred income
|
4,037
15,840
83,476
61,770
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
Unrestricted Funds
-
Previous year
|
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
Purpose of unrestricted Funds
|
General
To fund the general objectives of the charity.
Balance at
|
01
/
01
/
2020
|
Balance at
|
30
/
06
/
2020
|
-
-
-
10 of 11
13
For the period ended 30 June 2020
South Shields FC Foundation Limited
Notes to the Financial Statements Continued
Restricted Funds
-
Previous year
|
Balance at
|
01
/
07
/
2018
|
Balance at
|
31
/
12
/
2019
|
Sponsorship
-
630
(630)
630
(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
35,181
22,131
(49,167)
8,145
General
35,181
22,131
(49,167)
8,145
Net current
|
assets
/
|
(
liabilities
)
|
Net Assets
Unrestricted funds
General
32,072
(30,881)
-
1,191
General
32,072
(30,881)
-
1,191
11 of 11