SFSA CIC

Company limited by guarantee

Company Registration Number:
SC525069 (Scotland)

Unaudited statutory accounts for the year ended 31 January 2023

Period of accounts

Start date: 1 February 2022

End date: 31 January 2023

SFSA CIC

Contents of the Financial Statements

for the Period Ended 31 January 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SFSA CIC

Directors' report period ended 31 January 2023

The directors present their report with the financial statements of the company for the period ended 31 January 2023

Principal activities of the company

The principal activity of the company is to provide an independent voice to football supporters throughout Scotland



Directors

The directors shown below have held office during the whole of the period from
1 February 2022 to 31 January 2023

Crawford Boyd
Paul Goodwin


Secretary Crawford Boyd

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 October 2023

And signed on behalf of the board by:
Name: Crawford Boyd
Status: Secretary

SFSA CIC

Profit And Loss Account

for the Period Ended 31 January 2023

2023 2022


£

£
Turnover: 5,000 26,500
Cost of sales: ( 7,886 ) ( 1,750 )
Gross profit(or loss): (2,886) 24,750
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): (2,886) 24,750
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: (2,886) 24,750
Tax: 0 0
Profit(or loss) for the financial year: (2,886) 24,750

SFSA CIC

Balance sheet

As at 31 January 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 31,361 34,246
Investments:   0 0
Total current assets: 31,361 34,246
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 5,953 ) ( 5,953 )
Net current assets (liabilities): 25,408 28,293
Total assets less current liabilities: 25,408 28,293
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 25,408 28,293
Members' funds
Profit and loss account: 25,408 28,293
Total members' funds: 25,408 28,293

The notes form part of these financial statements

SFSA CIC

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 October 2023
and signed on behalf of the board by:

Name: Crawford Boyd
Status: Director

The notes form part of these financial statements

SFSA CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue recognitionTurnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.The company recognises revenue when:The amount of revenue can be reliably measured;it is probable that future economic benefits will flow to the entity;and specific criteria have been met for each of the company's activities.

    Other accounting policies

    Summary of significant accounting policies and key accounting estimatesThe principal accounting policies applied in the preparation of these financial statements are set out below.These policies have been consistently applied to all the years presented, unless otherwise stated.Statement of complianceThese financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.Basis of preparationThese financial statements have been prepared using the historical cost convention except that as disclosed inthe accounting policies certain items are shown at fair value.Cash and cash equivalentsCash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

SFSA CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

SFSA CIC

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 5,953 5,953
Total 5,953 5,953

Trade creditorsTrade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

COMMUNITY INTEREST ANNUAL REPORT

SFSA CIC

Company Number: SC525069 (Scotland)

Year Ending: 31 January 2023

Company activities and impact

The company acts as a voice for Scottish football supporters, providing a platfrom for improvment in professional and amateur football for both male and female players and teams.We have successfully lobbied the Scottish Government to recognise that the grass roots game requires subtantial attention and investment to provide meaningful social and cultural benefits to our members and the wider footballing community. We have also successfully introduced an initiative to implement defibrillators pitch side for every venue in Scotland, in association with the Scottish Government and the British heart Foundation.

Consultation with stakeholders

We surveyed all our 70,000 memebrs on the state of the game in Scotland and it's management by the Football League and Football Associaition, questioning performance by the senior management and administrators that have permitted the demise in our standards throughout all Scottish football.We achieved significant responses and lobbied the Scottish Government with these repsonses prompting attitude change.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 October 2023

And signed on behalf of the board by:
Name: Crawford Boyd
Status: Director