Charity registration number 1171514
Company registration number 10502800 (England and Wales)
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr. N J Dargan
Mrs. A Dargan
Miss S E Dargan
Charity number
1171514
Company number
10502800
Registered office
1 Long Lane
Attenborough
Nottingham
United Kingdom
NG9 6BG
Independent examiner
Azets
2 Regan Way
Chetwynd Business Park
Chilwell
Nottingham
United Kingdom
NG9 6RZ
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
CONTENTS
Page
Trustees' report
1 - 2
Independent examiner's report
3
Statement of financial activities
4
Balance sheet
5
Notes to the financial statements
6 - 11
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MAY 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 31 May 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

The charity's objects are specifically restricted to the following:

 

(a) to advance the amateur sport of association football.

 

(b) to promote community participation in healthy recreation by providing access to facilities for playing association football (facilities means land, buildings, equipment and organising football activities).

 

(c) to provide and assist in providing facilities for sport, recreation and other leisure time occupation of people who have need of such facilities because of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life.

 

(d) to advance the education of children and young people whether or not undergoing formal education.

 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Staff engaged by the charity have also provided coaching and administrative services on a voluntary basis to Long Eaton United Football Club Limited.

Achievements and performance

The Charity has achieved its objectives throughout the year having provided sporting and educational opportunities without discrimination for 16–21-year-olds.

 

The Charity has maintained a successful development team bridging the gap between youth and senior football and encouraging more local youngsters to stay involved in sport. In addition, it has maintained a youth team that has competed successfully in the FA Youth Cup for the sixth year in succession.

 

The academy programme has operated successfully throughout the year in conjunction with education providers, Virtual Learning UK Limited (“VLUK”). As well as BTEC courses, higher education courses have also now been offered on site.

Financial review

Unrestricted funds continue to be properly managed and the charity remains securely financed and able to cover all liabilities as and when they fall due.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

 

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

LONG EATON UNITED COMMUNITY FOOTBALL CLUB
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
Structure, governance and management

The charity is controlled by its governing document, a constitution adopted in 2016.

 

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

Mr. N J Dargan
Mrs. A Dargan
Miss S E Dargan

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

 

At each annual general meeting one third of the directors or, if their number is not three or a multiple of three, the number nearest to one third, must retire from office. If there is only one director he or she must retire. If the retirement of a director causes the number of Directors to fall below three, then the retiring Director shall remain in office until a new appointment is made.

Mr. N J Dargan
Mrs. A Dargan
Trustee
Trustee
15 November 2023
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF LONG EATON UNITED COMMUNITY FOOTBALL CLUB
- 3 -

I report to the trustees on my examination of the financial statements of Long Eaton United Community Football Club (the charity) for the year ended 31 May 2023.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's 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 charity as required by section 386 of the 2006 Act; or

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting 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 financial statements 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 financial statements to be reached.

Stephen Anthony Harcourt FCCA (Senior Statutory Auditor)
Azets
2 Regan Way
Chetwynd Business Park
Chilwell
Nottingham
NG9 6RZ
United Kingdom
Dated: 15 November 2023
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MAY 2023
- 4 -
Unrestricted
Unrestricted
funds
funds
2023
2022
Notes
£
£
Income from:
Donations and legacies
2
-
3,000
Charitable activities
3
111,226
90,989
Total income
111,226
93,989
Expenditure on:
Charitable activities
4
115,153
102,802
Net expenditure for the year/
Net movement in funds
(3,927)
(8,813)
Fund balances at 1 June 2022
48,553
57,366
Fund balances at 31 May 2023
44,626
48,553

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 5 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
9
9,131
10,494
Current assets
Stocks
10
2,500
2,500
Cash at bank and in hand
36,445
39,009
38,945
41,509
Creditors: amounts falling due within one year
11
(3,450)
(3,450)
Net current assets
35,495
38,059
Total assets less current liabilities
44,626
48,553
Income funds
Unrestricted funds - general
44,626
48,553
44,626
48,553

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 May 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 15 November 2023
Mr. N J Dargan
Mrs. A Dargan
Trustee
Trustee
Company registration number 10502800
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 6 -
1
Accounting policies
Charity information

Long Eaton United Community Football Club is a private company limited by guarantee incorporated in England and Wales. The registered office is 1 Long Lane, Attenborough, Nottingham, NG9 6BG, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
1
Accounting policies
(Continued)
- 7 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Resources expended are accounted for on an accruals basis.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% straight line
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

LONG EATON UNITED COMMUNITY FOOTBALL CLUB
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
1
Accounting policies
(Continued)
- 8 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Donations and legacies
Total
Unrestricted
funds
general
2023
2022
£
£

Donations

-
3,000
Grants receivable for core activities
-
-
3
Charitable activities

Academy income

Academy income

2023
2022
£
£

Academy income

111,226
90,989
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 9 -
4
Charitable activities

Academy costs

Academy costs

2023
2022
£
£
Staff costs
83,200
63,862
Depreciation and impairment
2,848
3,648

Playing kit

13,126
2,573

Officials expenses

-
2,217

Training courses

1,085
360

Donations

6,548
5,095

League fees and affiliation costs

215
1,380
107,022
79,135
Share of support costs (see note 5)
5,138
17,949
Share of governance costs (see note 5)
2,993
5,718
115,153
102,802
5
Support costs
Support costs
Governance costs
2023
Support costs
Governance costs
2022
£
£
£
£
£
£

Rent

-
-
-
12,000
-
12,000

Repairs and maintenance    

-
-
-
448
-
448

Advertising and website

3,947
-
3,947
4,003
-
4,003

Licenses

647
-
647
898
-
898

Motor running expenses

544
-
544
600
-
600
Legal and professional
-
2,150
2,150
-
5,417
5,417

Accountancy

-
843
843
-
301
301
5,138
2,993
8,131
17,949
5,718
23,667
Analysed between
Charitable activities
5,138
2,993
8,131
17,949
5,718
23,667

 

6
Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 10 -
7
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Coaching Staff
5
3
Other staff
1
1
Total
6
4
Employment costs
2023
2022
£
£
Wages and salaries
83,200
63,862
There were no employees whose annual remuneration was more than £60,000.
8
Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 June 2022
1,797
17,059
18,856
Additions
-
1,485
1,485
At 31 May 2023
1,797
18,544
20,341
Depreciation and impairment
At 1 June 2022
899
7,463
8,362
Depreciation charged in the year
449
2,399
2,848
At 31 May 2023
1,348
9,862
11,210
Carrying amount
At 31 May 2023
449
8,682
9,131
At 31 May 2022
899
9,595
10,494
10
Stocks
2023
2022
£
£
Finished goods and goods for resale
2,500
2,500
LONG EATON UNITED COMMUNITY FOOTBALL CLUB
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 11 -
11
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
2,250
2,250
Accruals and deferred income
1,200
1,200
3,450
3,450
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