AC FINCHLEY C.I.C.

Company limited by guarantee

Company Registration Number:
06330083 (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

AC FINCHLEY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

AC FINCHLEY C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,181 0
Total fixed assets: 2,181 0
Current assets
Debtors: 4 28,759 14,804
Cash at bank and in hand: 122,234 144,255
Total current assets: 150,993 159,059
Creditors: amounts falling due within one year: 5 ( 16,134 ) ( 17,806 )
Net current assets (liabilities): 134,859 141,253
Total assets less current liabilities: 137,040 141,253
Creditors: amounts falling due after more than one year:   0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 137,040 141,253
Members' funds
Profit and loss account: 137,040 141,253
Total members' funds: 137,040 141,253

The notes form part of these financial statements

AC FINCHLEY C.I.C.

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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 24 February 2025
and signed on behalf of the board by:

Name: Dino Gazzi
Status: Director

The notes form part of these financial statements

AC FINCHLEY C.I.C.

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

    Turnover policy

    Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

    Tangible fixed assets depreciation policy

    All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows

    Other accounting policies

    Current taxation Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

AC FINCHLEY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 4 4

AC FINCHLEY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 0 0
Additions 2,726 2,726
Disposals
Revaluations
Transfers
At 31 May 2024 2,726 2,726
Depreciation
At 1 June 2023 0 0
Charge for year 545 545
On disposals
Other adjustments
At 31 May 2024 545 545
Net book value
At 31 May 2024 2,181 2,181
At 31 May 2023 0 0

AC FINCHLEY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
£ £
Trade debtors 28,759 14,804
Total 28,759 14,804

AC FINCHLEY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 204
Accruals and deferred income 4,084 2,161
Other creditors 12,050 15,441
Total 16,134 17,806

COMMUNITY INTEREST ANNUAL REPORT

AC FINCHLEY C.I.C.

Company Number: 06330083 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

AC Finchley is an amateur grassroots football club which has achieved the prestigious FA three star accreditation. During the year 2023/240 season it ran 29 teams at almost all age groups, from under 7 to adults. It provided a safe, supportive, respectful and positive environment in which young people, both boys and girls, could benefit from the physical, social and emotional aspects of playing sport in a team setting. Over 350 young people were given the opportunity to develop their abilities, their fitness and their friendships. In addition, the Club paid for new volunteer coaches to undertake The FA's Introduction to Coaching Football course and provides support and encouragement for coaches to continue to develop their skills with further FA coaching and development.

Consultation with stakeholders

The Club's stakeholders are: Its officers and management committee who meet regularly to discuss the running of the Club; Coaches and the team administrators who are consulted through regular meetings, usually based around CPD events, and through the coaches’ representatives who liaise with coaches on an ongoing basis; The players and their families who are consulted on an informal basis over the season through the team coaches and administrators; the Club also designated Parents’ Representative whose role it is to field the views and concerns of players and their families. The Club also holds an annual Presentation Day for players, their families and friends which is designated to recognise the players’ contribution to the Club over the season and at which the Club’s main activities are summarised. Response to feedback can generate Club action in various ways. For example, our in-service coaching events have been tailored to meet the requests of coaches.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 February 2025

And signed on behalf of the board by:
Name: Dino Gazzi
Status: Director