REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
for the Year Ended 30th June 2023 |
for |
East Riding County Football Association |
Limited |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements |
for the Year Ended 30th June 2023 |
for |
East Riding County Football Association |
Limited |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Contents of the Financial Statements |
for the year ended 30th June 2023 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Income Statement | 3 |
Abridged Balance Sheet | 4 |
Statement of Changes in Equity | 6 |
Notes to the Financial Statements | 7 |
East Riding County Football Association |
Limited |
Company Information |
for the year ended 30th June 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Princes House |
Wright Street |
Hull |
East Yorkshire |
HU2 8HX |
BANKERS: |
34 King Edward Street |
Hull |
East Yorkshire |
HU1 3SS |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Report of the Directors |
for the year ended 30th June 2023 |
The directors present their report with the financial statements of the company for the year ended 30th June 2023. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of governance and development of Association Football in the East Riding of Yorkshire. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1st July 2022 to the date of this report. |
Other changes in directors holding office are as follows: |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Income Statement |
for the year ended 30th June 2023 |
2023 | 2022 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS SURPLUS |
Administrative expenses |
982 | (11,551 | ) |
Other operating income |
OPERATING SURPLUS/(DEFICIT) | 4 | ( |
) |
Interest receivable and similar income |
SURPLUS/(DEFICIT) BEFORE TAXATION | ( |
) |
Tax on surplus/(deficit) | 5 |
SURPLUS/(DEFICIT) FOR THE FINANCIAL YEAR |
( |
) |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Abridged Balance Sheet |
30th June 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES |
Ground development fund |
Benevolent fund |
Income and expenditure account |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Abridged Balance Sheet - continued |
30th June 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Statement of Changes in Equity |
for the year ended 30th June 2023 |
Ground |
Retained | development | Benevolent | Total |
earnings | fund | fund | equity |
£ | £ | £ | £ |
Balance at 1st July 2021 |
Changes in equity |
Total comprehensive income | ( |
) | ( |
) | ( |
) |
Balance at 30th June 2022 |
Changes in equity |
Total comprehensive income | ( |
) |
Balance at 30th June 2023 |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Notes to the Financial Statements |
for the year ended 30th June 2023 |
1. | STATUTORY INFORMATION |
East Riding County Football Association Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
The turnover and surplus before taxation are attributable to the one principal activity of the company. Turnover comprises: |
Affiliation fees |
Misconduct fines |
Football Association grants |
Cup competition receipts |
Referees subscriptions etc |
Football Development income |
FA Coaching courses |
PLI income |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Land and buildings | - 1% on cost |
Plant and machinery etc | - 25% of cost |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Notes to the Financial Statements - continued |
for the year ended 30th June 2023 |
2. | ACCOUNTING POLICIES - continued |
Grants received |
Football Association Grants received and receivable in respect of expenditure charged to the Income and Expenditure Account during the year have been included in the results for the year. |
Grants received in respect of fixed assets are deferred and included in the Income and Expenditure Account by instalments over the expected useful life of the related assets. |
Government grants are accounted for using the accruals method. Grants of a revenue nature are credited to the Income and Expenditure Account so as to match them against the expenditure in which they relate. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | OPERATING SURPLUS/(DEFICIT) |
The operating surplus (2022 - operating deficit) is stated after charging: |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
5. | TAXATION |
Analysis of the tax charge |
The tax charge on the surplus for the year was as follows: |
2023 | 2022 |
£ | £ |
Current tax: |
UK corporation tax |
Tax on surplus/(deficit) |
East Riding County Football Association |
Limited (Registered number: 03813756) |
Notes to the Financial Statements - continued |
for the year ended 30th June 2023 |
6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1st July 2022 |
Additions |
At 30th June 2023 |
DEPRECIATION |
At 1st July 2022 |
Charge for year |
At 30th June 2023 |
NET BOOK VALUE |
At 30th June 2023 |
At 30th June 2022 |
7. | SHARE CAPITAL |
The company is limited by guarantee and therefore has no share capital. The liability of the members is limited to a maximum of £10. The total number of members as at 30th June 2023 was 219 (2022: 297). |