Company registration number 03364308 (England and Wales)
THE FOOTBALL CONFERENCE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
THE FOOTBALL CONFERENCE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THE FOOTBALL CONFERENCE LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
25,319
27,318
Current assets
Debtors
5
494,554
1,851,112
Cash at bank and in hand
376,222
765,652
870,776
2,616,764
Creditors: amounts falling due within one year
6
(812,997)
(2,561,628)
Net current assets
57,779
55,136
Total assets less current liabilities
83,098
82,454
Provisions for liabilities
7
(3,820)
(5,240)
Net assets
79,278
77,214
Reserves
Income and expenditure account
79,278
77,214
Members' funds
79,278
77,214

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

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

The financial statements were approved by the board of directors and authorised for issue on 12 September 2024 and are signed on its behalf by:
Mr S R Thompson
Director
Company registration number 03364308 (England and Wales)
THE FOOTBALL CONFERENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

The Football Conference Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Waterloo House, (Part) Fourth Floor, Waterloo House, 20 Waterloo Street, Birmingham, United Kingdom, B2 5TB.

1.1
Reporting period

The company's year end was extended to 30th June 2023 in previous year, making it a 13 month period to bring it in line with the football calendar year. As a result, the comparative figures are not entirely comparable as the current year represents 12 months.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Income and expenditure

Turnover represents the sales and income of the league from member clubs, grants and interest received, excluding VAT and is included net of associated costs where considered appropriate. Income is recognised from clubs in relation to the playing season and other income in respect of the financial year, and is measured at the fair value of the consideration receivable.

1.4
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:

Fixtures and fittings
20% straight line
Trophies
Not depreciated

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 credited or charged to surplus or deficit.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE FOOTBALL CONFERENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 3 -
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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 business 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.

1.6
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxations assets and liabilities are not discontinued.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

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 company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged against the profit on a straight line basis over the lease term.

THE FOOTBALL CONFERENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
26
22

No directors have received any remuneration in the current year and prior year.

4
Tangible fixed assets
Plant and machinery etc
Trophies
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
44,530
21,802
66,332
Depreciation and impairment
At 1 July 2023
39,014
-
0
39,014
Depreciation charged in the year
1,999
-
0
1,999
At 30 June 2024
41,013
-
0
41,013
Carrying amount
At 30 June 2024
3,517
21,802
25,319
At 30 June 2023
5,516
21,802
27,318
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
136,716
1,046,403
Other debtors
357,838
804,709
494,554
1,851,112
THE FOOTBALL CONFERENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
90,500
184,873
Corporation tax
614
388
Other taxation and social security
81,651
226,696
Other creditors
116,520
626,131
Accruals and deferred income
523,712
1,523,540
812,997
2,561,628
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
8
3,820
5,240
8
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
3,820
5,240
2024
Movements in the year:
£
Liability at 1 July 2023
5,240
Credit to profit or loss
(1,420)
Liability at 30 June 2024
3,820
9
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
10,870
11,322

The company operates a defined contribution pension scheme in respect of the staff. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions of £1,747 were outstanding at 30 June 2024 (2023: £1,325)

THE FOOTBALL CONFERENCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
10
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Christopher Hession C.A.
Statutory Auditor:
BK Plus Audit Limited
Date of audit report:
12 September 2024
12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
241,173
109,440
2024-06-302023-07-01false12 September 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityThis audit opinion is unqualifiedMr Shahid AzeemMr Michael CoulsonMrs Sonia KulkarniMr Timothy MurphyMr Richard ParsonsMr Stephen ShoreMr Martin ThackerMr Stephen ThompsonMr Martin HowardMrs Joan RobertsMr Darren RoyleMiss Nabila ZulfiqarMr Martin CopusMr Simon GardenerMr Benjamin HudsonMr D I Johnstonfalsefalse033643082023-07-012024-06-30033643082024-06-30033643082023-06-3003364308core:OtherPropertyPlantEquipment2024-06-3003364308core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2024-06-3003364308core:OtherPropertyPlantEquipment2023-06-3003364308core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-06-3003364308core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3003364308core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3003364308core:CurrentFinancialInstruments2024-06-3003364308core:CurrentFinancialInstruments2023-06-3003364308core:RetainedEarningsAccumulatedLosses2024-06-3003364308core:RetainedEarningsAccumulatedLosses2023-06-3003364308bus:Director82023-07-012024-06-3003364308core:FurnitureFittings2023-07-012024-06-3003364308core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-07-012024-06-30033643082022-06-012023-06-3003364308core:OtherPropertyPlantEquipment2023-06-3003364308core:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-06-30033643082023-06-3003364308core:OtherPropertyPlantEquipment2023-07-012024-06-3003364308core:WithinOneYear2024-06-3003364308core:WithinOneYear2023-06-3003364308bus:CompanyLimitedByGuarantee2023-07-012024-06-3003364308bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003364308bus:FRS1022023-07-012024-06-3003364308bus:Audited2023-07-012024-06-3003364308bus:Director12023-07-012024-06-3003364308bus:Director22023-07-012024-06-3003364308bus:Director32023-07-012024-06-3003364308bus:Director42023-07-012024-06-3003364308bus:Director52023-07-012024-06-3003364308bus:Director62023-07-012024-06-3003364308bus:Director72023-07-012024-06-3003364308bus:Director92023-07-012024-06-3003364308bus:Director102023-07-012024-06-3003364308bus:Director112023-07-012024-06-3003364308bus:Director122023-07-012024-06-3003364308bus:Director132023-07-012024-06-3003364308bus:Director142023-07-012024-06-3003364308bus:Director152023-07-012024-06-3003364308bus:Director162023-07-012024-06-3003364308bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP