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REGISTERED COMPANY NUMBER: 05513835 (England and Wales)
REGISTERED CHARITY NUMBER: 1123679












Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 May 2024

for

AEK BOCO FC LTD

AEK BOCO FC LTD






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 10

AEK BOCO FC LTD (Registered number: 05513835)

Report of the Trustees
for the Year Ended 31 May 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2024. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the charity is to promote community participation in healthy recreation through the provision of facilities for playing football.

The main activities of the charity are coaching and arranging amateur association football matches for its members.The membership is open to the wider section of the public.

Grantmaking
The Charity does not make any grants.

Volunteers
The charity is run by volunteers who are not entitled to remuneration.

FINANCIAL REVIEW
Principal funding sources
Charity's principal source of funds are income from member's voluntary subscriptions, registration fees, sponsorships, grants ,donations from the public and Gift Aid payment from the subsidiary etc.

Funds in deficit
There are no funds in deficit.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Tha charity is controlled by its governing document, Memorandum and Articles of Association , and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05513835 (England and Wales)

Registered Charity number
1123679

Registered office
Redland House
157 Redland Road
Bristol

Trustees
J Withey
R Hemmings
L Howard
J E Winter

Company Secretary

Independent Examiner
Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Approved by order of the board of trustees on 5 July 2024 and signed on its behalf by:



AEK BOCO FC LTD (Registered number: 05513835)

Report of the Trustees
for the Year Ended 31 May 2024




J Withey - Trustee

Independent Examiner's Report to the Trustees of
AEK BOCO FC LTD

Independent examiner's report to the trustees of AEK BOCO FC LTD ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 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:

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 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 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.








D R Patel

Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Date: .............................................

AEK BOCO FC LTD

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 May 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 134,977 209,478

Charitable activities
Presentation Evening 9,215 -

Other trading activities 2 13,148 12,065
Investment income 3 826 152
Other income 2,722 4,284
Total 160,888 225,979

EXPENDITURE ON
Raising funds 400 1,395

Charitable activities
Adults Annual Events - 4,642
Football Club 72,297 65,905
Christmas Party 900 681
Presentation Evening 4,149 3,984
Kids Party 41 -

Other 62,029 63,630
Total 139,816 140,237

NET INCOME 21,072 85,742


RECONCILIATION OF FUNDS
Total funds brought forward 507,241 421,499

TOTAL FUNDS CARRIED FORWARD 528,313 507,241

AEK BOCO FC LTD (Registered number: 05513835)

Balance Sheet
31 May 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 305,529 308,591

CURRENT ASSETS
Debtors: amounts falling due within one year 9 23,697 33,951
Investments 10 100 100
Cash at bank and in hand 206,761 169,621
230,558 203,672

CREDITORS
Amounts falling due within one year 11 (7,774 ) (5,022 )

NET CURRENT ASSETS 222,784 198,650

TOTAL ASSETS LESS CURRENT LIABILITIES 528,313 507,241

NET ASSETS 528,313 507,241
FUNDS 12
Unrestricted funds:
General fund 528,313 507,241
TOTAL FUNDS 528,313 507,241

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.

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


The financial statements were approved by the Board of Trustees and authorised for issue on 5 July 2024 and were signed on its behalf by:





J Withey - Trustee

AEK BOCO FC LTD

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
AEK Boco FC Ltd owns 100% shares in it's subsidiary company named as AEK Boco FC Trading Limited.The financial statements contain information about AEK Boco FC Ltd as an individual charitable company and do not contain consolidated financial information as the parent of the group. The Company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Club house - Not Provided (See note below)
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 33.33% on reducing balance

The directors and trustees have carried out a full impairment review in accordance with FRS 11, as a result of which no depreciation charge is made in respect of Club House on the ground that the estimated residual value is not materially different from its carrying value in the Balance Sheet.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Government grants
Government grants are recognised in income when the grant proceeds are receivable provided that the terms of the grant do not impose future performance related conditions, as allowed by the performance model under FRS 102.


AEK BOCO FC LTD

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Kit money - 106
Fund raising events 13,148 11,959
13,148 12,065

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 826 152

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 26,198 22,600
Surplus on disposal of fixed assets (5,337 ) -

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.


6. STAFF COSTS

The average number of employees during the year was 0 (2023: 0).

The average monthly number of employees during the year was as follows:

2024 2023

No employees received emoluments in excess of £60,000.

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 209,478

Other trading activities 12,065
Investment income 152
Other income 4,284
Total 225,979

EXPENDITURE ON
Raising funds 1,395

Charitable activities
Adults Annual Events 4,642
Football Club 65,905

AEK BOCO FC LTD

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   
Christmas Party 681
Presentation Evening 3,984

Other 63,630
Total 140,237

NET INCOME 85,742


RECONCILIATION OF FUNDS
Total funds brought forward 421,499

TOTAL FUNDS CARRIED FORWARD 507,241

8. TANGIBLE FIXED ASSETS
Fixtures
Club and Motor Computer
house fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 163,545 167,239 47,255 4,511 382,550
Additions - 25,829 - 70 25,899
Disposals - (9,200 ) - - (9,200 )
At 31 May 2024 163,545 183,868 47,255 4,581 399,249
DEPRECIATION
At 1 June 2023 - 59,931 10,957 3,071 73,959
Charge for year - 16,624 9,074 500 26,198
Eliminated on disposal - (6,437 ) - - (6,437 )
At 31 May 2024 - 70,118 20,031 3,571 93,720
NET BOOK VALUE
At 31 May 2024 163,545 113,750 27,224 1,010 305,529
At 31 May 2023 163,545 107,308 36,298 1,440 308,591

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Charitable donation receivable - 21,236
AEK Boco FC Trading Ltd 22,625 11,667
Prepayments 1,072 1,048
23,697 33,951


AEK BOCO FC LTD

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 100 100

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 7,774 5,022

12. MOVEMENT IN FUNDS
Net
movement At
At 1.6.23 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 507,241 21,072 528,313

TOTAL FUNDS 507,241 21,072 528,313

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 160,888 (139,816 ) 21,072

TOTAL FUNDS 160,888 (139,816 ) 21,072


Comparatives for movement in funds

Net
movement At
At 1.6.22 in funds 31.5.23
£    £    £   
Unrestricted funds
General fund 421,499 85,742 507,241

TOTAL FUNDS 421,499 85,742 507,241

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 225,979 (140,237 ) 85,742

TOTAL FUNDS 225,979 (140,237 ) 85,742

AEK BOCO FC LTD

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.6.22 in funds 31.5.24
£    £    £   
Unrestricted funds
General fund 421,499 106,814 528,313

TOTAL FUNDS 421,499 106,814 528,313

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 386,867 (280,053 ) 106,814

TOTAL FUNDS 386,867 (280,053 ) 106,814

13. RELATED PARTY DISCLOSURES

Amount advanced to 100% subsidiary company AEK Boco FC (Trading) Ltd at 31 May 2024 is £22,624.57 (2023, £11,666.70).