THE FOOTBALL FOUNDATION TRADING LIMITED

Company Registration Number:
04202574 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

THE FOOTBALL FOUNDATION TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

THE FOOTBALL FOUNDATION TRADING LIMITED

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal activities of the company

The object of the company is to carry on business as a general commercial company to procure profits and gains for the purpose of paying them to The Football Foundation, its ultimate parent undertaking or any other charitable body that succeeds to its charitable purposes.

Additional information

Review of activities Further to the sale of the Upshot trading business in March 2021, there has been no trading activity in FFTL. The Board of Directors passed a resolution for a dividend to be paid from FFTL to The Football Foundation at the May 2023 Board meeting, and the £310k dividend payment was subsequently made. In May 2024, the Board of Directors passed a resolution for the final dividend to be paid from FFTL to the Football Foundation, and the £196 dividend payment was made in 2024. The next step in 2024/25 will be to make FFTL dormant necessitating the adoption of a non-going concern basis of accounting. Both the level of activity and the year-end financial position were satisfactory. Going concern Further to the sale of the Upshot trading business in March 2021, and the payment of dividends as set out above, there has been no trading activity in FFTL. Consequently, these financial statements have been prepared on a non-going concern basis of accounting.



Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

P D G McCormick OBE
Robert Sullivan


Secretary Jennie Goodman

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
12 September 2024

And signed on behalf of the board by:
Name: Jennie Goodman
Status: Secretary

THE FOOTBALL FOUNDATION TRADING LIMITED

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 0 0
Cost of sales: 0 0
Gross profit(or loss): 0 0
Distribution costs: 0 0
Administrative expenses: ( 50 ) ( 1,386 )
Operating profit(or loss): (50) (1,386)
Profit(or loss) before tax: (50) (1,386)
Profit(or loss) for the financial year: (50) (1,386)

THE FOOTBALL FOUNDATION TRADING LIMITED

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 2,305 251
Total current assets: 2,305 251
Creditors: amounts falling due within one year: 3 ( 2,304 ) ( 4 )
Net current assets (liabilities): 1 247
Total assets less current liabilities: 1 247
Total net assets (liabilities): 1 247
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 246
Total Shareholders' funds: 1 247

The notes form part of these financial statements

THE FOOTBALL FOUNDATION TRADING LIMITED

Balance sheet statements

For the year ending 31 May 2024 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 24 September 2024
and signed on behalf of the board by:

Name: P D G McCormick OBE
Status: Director

The notes form part of these financial statements

THE FOOTBALL FOUNDATION TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 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

    Other accounting policies

    Expenditure All resources expended have been accounted for on an accruals basis. Where there is irrecoverable VAT, expenditure is stated as gross, otherwise shown as net Cash at bank and in hand Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short term highly liquid investments with original maturities of three months or less. Related party transactions FRS 102 requires the disclosure of the details of material transactions between the reporting entity and related parties. The company has taken advantage of exemptions under FRS 102 Section 33 not to disclose transactions with group companies. Taxation: Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using rates that have been enacted or substantively enacted by the reporting date. Deferred taxation A provision is made for deferred taxation using the incremental liability method where the Directors consider deferred taxation has a material impact on the financial statements. Material deferred tax assets are only recognised to the extent they are recoverable. Critical accounting judgements and key estimates Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company has not made any critical accounting judgements and key estimates in the financial year.

THE FOOTBALL FOUNDATION TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

THE FOOTBALL FOUNDATION TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,304 4
Total 2,304 4