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REGISTERED NUMBER: 03917999 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED

DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED (REGISTERED NUMBER: 03917999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







Directors: A P Brewin
F B Mcardle
S J Nicks
G A Parkin
P G Randle
A Sandhu
R I Stevenson
I Wright
R A Hughes





Secretary: R I Stevenson





Registered office: Unit 8-9 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP





Registered number: 03917999 (England and Wales)





Auditors: Haines Watts (East Midlands) Ltd
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED (REGISTERED NUMBER: 03917999)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 198,106 227,256

Current assets
Debtors 5 77,752 71,665
Cash at bank 767,549 772,127
845,301 843,792
Creditors
Amounts falling due within one year 6 (157,413 ) (148,368 )
Net current assets 687,888 695,424
Total assets less current liabilities 885,994 922,680

Creditors
Amounts falling due after more than one
year

7

(88,535

)

(105,720

)
Net assets 797,459 816,960

Reserves
Beneficiaries' fund 21,511 21,057
Income and expenditure account 775,948 795,903
797,459 816,960

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





R I Stevenson - Director


DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED (REGISTERED NUMBER: 03917999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Derbyshire County Football Association Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Consequently, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

In determining this assessment, the directors have considered:
- the company's business activities,
- latest available forecasts,
- cash reserves, and
- likelihood of continued FA grant funding.

Significant judgements & 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 annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic
lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Included in trade debtors is a specific bad debt provision for non-discipline balances older than three months, and for discipline balances older than six months. Trade debtors are reviewed quarterly and at the year end to ensure the provision is both reasonable and complete.

Deferred income is calculated based on the period specified in the terms of each grant. Income has also been accrued where grants for the current period have not been received until after the year end.

Income
Income includes Football Association grants, membership and course fees, income from fines, protests and appeals, contributions towards insurance, sponsorships and other miscellaneous income receivable in the year.

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

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

Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property2% on cost
Plant & machinery15% on cost
Office equipment15% on cost
Computer equipment33% on cost


DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED (REGISTERED NUMBER: 03917999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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 taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

Beneficiaries' fund
The beneficiaries' fund is a designated fund comprising contributions made by member football teams, donations and bequests. The investment and distribution of these funds is at the discretion of the directors and the fund must be applied to benefit persons (or their families) who have rendered services to the game of football under the jurisdiction of the Derbyshire County Football Association Ltd.

Capital expenditure grants
Football Association grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful economic life of the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant and
properties machinery Totals
£ £ £
Cost
At 1 July 2023
and 30 June 2024 406,951 201,545 608,496
Depreciation
At 1 July 2023 250,701 130,539 381,240
Charge for year 8,139 21,011 29,150
At 30 June 2024 258,840 151,550 410,390
Net book value
At 30 June 2024 148,111 49,995 198,106
At 30 June 2023 156,250 71,006 227,256

Leasehold property is held at historical cost less depreciation to date, which is considered by the directors to be equivalent to fair value.

DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED (REGISTERED NUMBER: 03917999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Other debtors 47,284 23,766
Prepayments and accrued income 16,968 47,899
64,252 71,665

Amounts falling due after more than one year:
Other debtors 13,500 -

Aggregate amounts 77,752 71,665

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 15,714 17,668
Tax 1,943 -
Social security and other taxes 7,597 8,603
Other creditors 24,422 17,183
Accruals and deferred income 107,737 104,914
157,413 148,368

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 88,535 105,720

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 2,915 13,924
Between one and five years - 4,641
2,915 18,565

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Liptrott (Senior Statutory Auditor)
for and on behalf of Haines Watts (East Midlands) Ltd

10. LIMITED BY GUARANTEE

The company is limited by guarantee, not having any 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 £10.

DERBYSHIRE COUNTY FOOTBALL
ASSOCIATION LIMITED (REGISTERED NUMBER: 03917999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

11. FOOTBALL ASSOCIATION CAPITAL EXPENDITURE GRANTS

2024 2023

Received and receivable £    £   
Brought forward 212,328 212,328
Receivable during the period - -
Disposal of fully amortised grants - -
Carried forward 212,328 212,328

Amortisation
Brought forward 89,425 72,241
Credited to income and expenditure account 17,185 17,184
Disposal of fully amortised grants - -
Carried forward 106,610 89,425

Net balance carried forward 105,718 122,903
Net balance brought forward 122,903 140,087


Included in Other Creditors are the following balances relating to capital grants:

2024 2023

£    £   
Due within one year 17,184 17,183
Due after one year 88,534 105,720
Total 105,718 122,903

12. MOVEMENT ON BENEFICIARIES' FUND

2024 2023

£    £   
Brought forward 21,057 20,147

Income
Subscriptions 455 1,612

Expenditure
Payments to beneficiaries -
Bank charges (1 ) (2 )
Donations - (700 )

Carried forward 21,511 21,057